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IN C L U D IN G Bank and Quotation Section Railway and Industrial Section (M o n th ly ) State and City Section Street Railway Section (TtooTtawin (s e m i-A n n u »J % ) (Q u a rte r ly ) SATURDAY, FEBRUARY 15 1908. VUL. «6. (SAixom Week ending February 8. Clearings al— 1908. PUBLISHED WEEKLY. T e r m s o f S u b s c r ip t io n — P a y a b le in A d v a n c e For Olio Y e a r.............................................................................................................. $1'] For Six M onths.......................................................................................................... *' European Subscription (Including postage).................................................. 13 European Subscription six months (including postage)........................... 7 Annual Subscription in London (including postage).................................. £ 2 Six Months Subscription in London (including postage)...........................£ 1 Canadian Subscription (including p o sta g e ).................................................. $11 00 00 00 50 14s. U s. 50 Subscription includes following Supplements— Chicago________ Cincinnati____ _ Cleveland ......... Detroit_________ Milwaukee ____ Indianapolis Peoria __________ Grand R apids... li'X K AND Q uotation (monthly) I S "ATE AND OlTY (somi-annuaUy) R a il w a y and I nd ustr ial (quarterly) |s t r e e t R a il w a y (3 times yearly) Youngstown . . . T e r m s o f A d v e r tisin g — P er In c h S p a c e Transient matter per inch spaeo (14 agate linos).......................................... ( Two Months (s times)............................... Three Months ( U lt im o * ) ............................. Standing Business Cards 1 Six Montlis (2(1 tim es)............................... \ Tw elve Months (52 times)............................... $4 22 20 50 87 20 00 00 00 00 C H IC A G O O F F IC E —P. B artlett,513 Monadnock Block; Tel. Harrison 4012. L O N D O N O F F IC E —Edwards & Smith, 1 Drapers’ Gardens, E. C. AVSfoti A M P. O. Box 9 5 8 . K . D A N A C O M P A N Y ) I» u .b lts lie r s , Pine S t.. C orner o f Pcnri S t., Now Y o r k . Published every Saturday morntag by W I L L I A M B. D A N A C O M P A N Y . W illiam B. Dana, Pleaidom ; Jacob Seibert Jr., Vioc-Pres. and Seo.; Arnold G. Dana, Trcas. Addresses ol all.QIHco ot the Company.____________________ CLEAR IN G H O U S E R E T U R N S . The following table, made up by telegraph, &c., indicates that the total bank clearings of all clearing houses of the U. S. for week end. Feb. 15 have been $2,040,901,748, against $ 2 , 299,817,720 last week and $2,872,448,051 the week last year. 1907. 1908. Clearings— Returns by Telegraph Feb. 15. % 5879,739,013 102,574,990 70,745.935 17,018,701 170,305,073 49,053,884 14,382,979 51,368,201,048 138,059,302 90,307,482 22,800,089 190,874,574 55,709,158 16,229,314 — 35.7 — 26.0 — 20.4 — 22.7 — 10.7 — 12.0 — 11.4 51,310,480,035 370,123,405 51,888,901,027 401,007,642 — 30.6 — 1.7 Total all cities, 5 days..............- .......... 51.680,004,100 300,297,048 52,289,908,009 582,539,982 — 26.6 — 38.1 Total all cities for week........................ 52,040,901.748 52.872,448,051 — 28.9 New Y o r k ..............................................— St. Louis ...................... - .............................. Other Cities, 5 days................................... The full details for the week covered by the above will be given next Saturday. W e 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. W e present below detailed figures for the week ending with Saturday noon, Feb. 8, for four years. Week ending February 8. Clearings at— 1908. New York........... 1,304,120,874 113,347,613 Philadelphia-----39.390,040 Pittsburgh........... 24,045,501 Baltimore........... 9.072,820 Buffalo.................. 4,849,857 Albany.................. 5,502,385 Washington____ 4.237,929 Rochester........... 2,024,237 Scranton............. 2,394,493 Syracuse............. 1.034.909 Reading............. 1,124,563 Wilmington......... 1,129,468 Wilkes-Barre___ 1.289,100 Wheeling --------590,000 E rie...................... 459,900 Binghamton____ 407.749 Chester................ 454,420 Grecnsburg......... 290,492 Franklin............. 937,937 Harrisburg_____ 072,700 Y o r k __________ 1907. S 1,940,530,150 132,050,020 61,585,840 27,041.955 9,779,546 6,869,371 6,507.756 3.983,684 2,051,965 2,173,074 1,065.749 1,119,006 1,253,718 996,370 653,911 527,900 477,284 495,350 276,995 932,471 Not Included Total Middle.. 1,517,625,016 2,191,619,121 Inc. or Dec. - f 2 .8 — 14.6 — 23.6 — 13.0 — 1.1 — 29.4 — 14.5 + 6.4 — 1.4 + 10.2 — 2.9 — 2.1 — 9.9 + 29.4 — 9.8 — 12.9 — 2.0 — 8.3 + 4.9 + 0 .6 in total 1906. 1905. $ 2.084.910,479 1.780,369,806 125,893,493 138,187,597 52,034,443 48,990,127 26,665,383 22,276,017 6,601,736 6,188,744 4,991,501 3,553,320 6,205,169 4,738,622 3,971,759 3,102,040 1,373,963 1,911,584 1,396,351 1,294,347 1.254,579 871,480 1,244,125 967,817 1,109,410 9 40,143 1,201,140 634,180 585,036 567,461 562.100 438,000 455,247 433,175 415,350 392,713 228,052 240,000 Q u in cy................ South Bend_____ Springfield, O . . . Decatur _______ Bloomington__ Ann Arbor_____ Tot. Mid. West. Sioux Falls......... Stockton ............. S 219,940,874 23,969,150 13,856,679 11,791.DOS 10,328,799 7,285.073 4,517,900 3,484,732 3,018,706 1,723.835 1,400,000 1,448,635 902,340 900,838 896,067 722,025 049,454 490,000 543,337 582,772 368,335 298,241 431,010 366,561 517,127 235,514 323,021 240,000 150,237 S 234.337,313 26,972,750 16,076,462 13,016,248 11,658,258 8.341.015 5,533,300 4,226,172 2,910,921 2,419,733 2.019,919 1,693,459 1,129,972 975.829 817,290 792,697 778,329 627,000 571,304 533,482 527,.535 472,571 487,191 462,876 437,409 356,272 310,332 250,000 149,304 311,385,270 Inc. or Dec. %■ — 6.1 — 11.1 — 13.8 — 9.4 — 11.4 — 12.7 — 18.4 — 17.5 + 3 .7 — 28.8 — 30.7 — 14.5 — 20.1 — 7.7 + 9.6 — 8.9 — 16.6 — 21.9 — 4.9 + 9.2 — 30.2 — 36.9 — 10.9 — 20..8 + 18.2 — 33.9 + 4.1 — 4.0 + 0.6 1906. 1905. 8 8 215,199,584 195,260,480 24,794,250 20,882,150 14,260,818 12,070,029 10,104,332 11,555,194 9,907,476 8,281,056 6,407,082 5.913,232 5,575.800 5,628,400 3,357,653 3,918,132 2,904,310 3,394,778 2,231,828 2,049,154 1,425,291 1.990,104 1,271,133 1,486,717 822,318 970,256 807,702 825,385 446,071 997,613 ______ 695,255 597,368 717,053 453.800 458,400 461.296 451,964 416,634 342,771 _____ 519,010 . 395,091 304,815 330,062 292,642 426,735 567,719 326,220 414,594 279,239 263,504 208,069 217,688 198,000 178,722 123.598 96,637 338,884,949 — 8.1 308,985,043 275,489,771 47,680,791 31.764,074 13,573,463 8,621,397 7,915,590 6,491,936 4,074,819 5,331,895 5,313,301 4,944,578 4,124,186 5,131,643 4,229,978 3,611,736 3,613,174 1 47!) 379 486,204 751.982 485,253 426,507 404,912 525,000 343,000 570,545 858,496 Not Included ' 486,578 Not Included — 33.4 — 36.5 — 18.1) — 23.0 — 0.9 + 24.4 — 14.6 — 59.1 — 37.7 + 13.8 +29.7 — 39.9 In total in total 37,309,402 10,814,123 10,037,330 6,370,596 4,331,556 3.512.561 3,866,427 20.836,840 7,709,841 4,336,170 3,125,349 3,578,854 2,467,634 2;565,518 S05.564 399,335 374,660 376,468 634,4S9 236,272 Total Pacific.. 67,941,049 93,936,324 — 27.5 77,821,554 54,867,435 32,089,52S 18,159,016 10,020,099 8,171,269 6,997,469 4,731,009 2.522,186 2,048,264 1,304.007 19,425,012 14,001,439 7,135,945 5,524,129 5,691,586 4,252,342 2,251,867 1,547.534 1,059,078 1,170,540 1.002.341 622,336 830,129 545,777 289,621 + 12.5 + 8.1 — 3.8 + 4.4 — 1.2 — 17.3 — 22.5 — 3.2 — 3.1 — 17.0 + 6 .6 + 6.7 — 13.7 +39.1 + 11.1 — 11.2 25.365,330 15.7S7.191 9,329.558 0,700,670 6,213,154 5.373,095 2,546,356 1,859,541 1,141,132 Davenport______ Topeka ................ Colorado Springs Cedar Rapids . . _ Pueblo ________ Fremont ............. 28,516,849 16,806,166 10,417,099 7,827,365 7,080,289 5.721.857 3.256.931 2,115,458 1,345.645 1,266,486 1,098,060 939,482 720,758 596,970 491,358 320,142 1,108,825 883,098 702,667 593.844 434,543 334,750 773,802 967,324 666,572 466,571 351,054 184,872 Tot. oth.West. 91,555,111 88,805,915 + 3.1 78,373,754 64,284,127 58,948,375 18,918,124 12,336,006 10.392,861 7,900,000 6,087,545 4,754.969 5.259,018 3,850,203 3,176,841 3,897.774 2,164.904 1,916,294 1,729,410 1,488,742 1,443,525 1,157,442 1,475.000 1,474,439 1,309,283 099,829 448,890 245,62“! 373,140 751.999 58,193,826 20,912,216 13,889,753 10,392,861 7,900,000 6,61 0,736 5.437.252 5,394,897 4,612,165 3,901,264 3,593,440 2,582,188 2,105,357 1,822,491 1.635,439 1,610,761 1,500.000: 1,674,396; 1,419,537 1,496.138 750,000 400,000 300,000 1.086,978 559.639 + 1.3 — 9.5 — 11.2 — 24.7 + 10.5 — 8.6 — 12.6 — 2.5 — 16.5 — 18.6 •+”8.5 — 15.0 — 9.0 ---5.1 — 9.0 — 10.7 — 22.8 — 11.9 + 3 .9 — 12.5 — 6.7 + 12.2 — 18.1 — 19.7 + 34.4 57,539,041 22,131,887 15,071,417 8,928,412 5,802,000 6,649,647 4,931,599 6,090,931 4,365,219 4,145,681 3,248,456 2,329,679 1,961,236 1.471,975 1,403,224 1,506,523 1,398,851 1,340,209 1,465,879 1,184,100 558,381 309,576 .350,000 700,000 450,000 52,197.512 17,605,743 11,734,539 6,013,699 4,051,500 4,074,290 2,777,661 4,563,634 3,511,067 2,941,399 2,323,165 1.685,302 1,429,787 1,036,076 903,698 1,116,930 550,514 Not Included In total 564,903 Not included In total .............. .............. — 6.0 162,488,194 152.700,303 155,333,932 St. Louis............. New Orleans____ Louisville ........... Houston_______ Galveston........... Richmond ......... Atlanta ............. Memphis.............. Savannah ______ Nashville ______ Fort W orth.. _. Birmingham____ Augusta________ Knoxville........... ( lharleston _____ Commons, Ga__ Wilmington, N.C. Beaumont _____ Vicksburg______ Columbia____ Total Southern Total all______ 2,299,S17,72G 3,066,871,583 Outside N. Y ._ 995,496,852 1,126,335,433 169,783,908 — 18.5 7,676,200 — 6.1 3.529,348 — 15.8 2,534,578 — 5.8 1,793,834 + 5.6 1,645,521 + 4.1 1,523,722 — 10.0 1,032,353 + 1.0 589,580 + 8.5 522,770 — 12.3 509.766 — 7.6 163,061,388 7,750,000 3,209,556 2,278,536 1,601,040 1,990,163 1,385.448 1,137.392 538,812 470,012 406.078 133,545,371 6,954,000 3.089.795 2.209.795 1,494,243 1,763,812 1,198,696 570,657 488,929 432,330 481,839 Edmonton ......... Total New Eng. 158.611.007 191.142.0S0 183,832,025 152,230,067 Total Canada.. 770,900 1,105,351 1,221,147 458,648 224,913 400,000 .............. 122,146,970 — 25.0 3,138,135,843 2,072,289,484 - 1 1 . 0 1.053,225,304 891,919.678 22.106,661 20,018,235 5.332,191 1,350,740 2,055.725 1,820,815 1.727,572 1,406,924 936,638 31,778,287 21,928,192 6,703,735 1.897,394 2,697,617 1,973.706 1,992,595 1,191,191 1 1,158,538 1,010,131 844.80' 568.414 32.212,234 — 27.5 24,188,656 — 20.2 8,308.043 + 22.9 3,042.522 + 3 .3 3,141,024 ! — 1 1.2 2.0.87,087 — 7.2 1,798,435 — 5.5 1,546,315 — 13.8 1,316,011 — 16.f 1.317,481 1.281,326 i — 21.2 890.S30 — 5.2 776,359) — 26.8 1.070,002 826,461 931,077 409,672 .............. 68,348,548 81,966.9231 — 16.6 73,217,737 58,186,250 23,355,157 19,298,236 10,284,651 3,141,626 2,789,463 1,937,546 1.700,161 1,333,351 1,093,79f — 30.8 2,333,895,434 2,003,271,114 138,458.022 7,209,700 2,971,073 2,380,254 1,889,505 1,713,781 1,370,589 1,042,997 639,752 458,285 471,019 1907. Kansas C ity ____ Minneapolis_____ Omaha_________ St. Paul________ Denver_________ St. Joseph_____ lies Moines......... Sioux City_____ _ Wichita________ Boston ................ Providence......... Hartford.............. New Haven......... Springfield........... Portland_______ Worcester........... Fall River........... New Bedford____ Lowell....... .......... Holyoke________ — 17.0 NO. 2225. THE CHRONICLE. 36(> h ig h e st T R U ST C O M P A N Y BOSTON, W e th e g iv e Y ork, L o u is . Y O R K , P H I L A D E L P H I A A N D S T. LOUIS. up to -d a y c o m p a r a tiv e N ew R E PO R TS— N E W fo u rte e n re tu rn s B r o o k ly n , They w ill of pages th e B o sto n , be fo u n d on of our tru st to c o m p a n ie s of P h ila d e lp h ia and pages 400. to degree fid e n c e is T H E been th e N ew F IN A N C IA L d is tin c tiv e ly S t. th e su ccess Y o r k C ity $ 5 0 ,0 0 0 ,0 0 0 The m ay be seen a tte n d in g bon d s. of b id s . J L js , p r ic e s , and to o , su ccess str e n g th S to c k r e c e iv e d w ere a ll v a ile d , been and arou nd. fo r d u r in g th e and up has o ffe r in g o f no to le ss th a n 1 ,1 6 8 e x p e c ta tio n s, le d sh arp to to s e c u r ity gen eral u n til fo r w ere o ffe r in g v a lu e s w as on th e fa st b a d ly la r g e in v a lu e s g e ttin g dow n of to The and sh are fo r in u n e a sin e ss th e ren ew ed to w h ic h it d e p r e s s io n m a rk e ts, gave r is e , f a v o i 'a b l e p o l i t i c a l h a p p e n i n g s . w ith is w h ic h th e fo u n d day in t h e som e th e un h is w e a lth c h ie fly , p o litic a l. gen eral h e lp a fe ste d on d is p o s itio n th e of to la r g e ly , if not th ere w as a p r e tty part of b u s in e s s . c o -o p e r a te a ll in te r e s ts to th e eye, th a t end. The a lr e a d y th e to th e of d is road s. C on gress th e o ld done so new on es, S tree t . sam e k in d . m uch and an e sp e c ia l h a r d ly fu rth e r th e and h arm , th e n W illia m as con th e o r ie s S in c e b r in g in g m e n tio n e d of m essage h is ow n W a ll of on ad verse J. B ryan , p r o b a b le D em o has Jan. th e S tre e t. c a n d id a te s been fo llo w in g 31, and r a ilr o a d s , W ith in m a k in g on th e m en past of w eek, fo r th e P r e s id e n tia l n o m in a t io n R e p u b lic a n s — w e G overn or and th e ir not been on m ean H ughes S e cre ta ry and of S e n a to r u tte ra n ce s sen t h is as we a c tio n s of la s t W ar, K nox of have a s p e c ia l year fo r th e d e m a n d in a n o th e r to o k a tte n tio n s t ill A tto r n e y -G e n e r a l m essage th e of is m a d e H e Jack son , of b e in g very th e sam e On a n o th e r h im . re rem oval In su ra n ce— a r tic le . upon c e r ta in ly G overn or H ugh es S u p e r in te n d e n t H ughes fo c u s req u est, S e n a te of w h ic h sh o w G overn or to th e S ta te th e g ro u n d s o n as to dem and K e ls e y flim s y , and o f a c o n s e r v a tiv e n a tu r e . T u esd ay day to had fo r P e n n s y l v a n i a — h a v e a l l b e e n p r o m i n e n t l y in t h e p u b l i c la te d m a n i of on T a ft, o f c o n fid e n c e a n d one w e ll m o r e o v e r , th o s e th r e e m e n m o s t fr e q u e n tly m e n tio n e d E very a r e s to r a tio n r e s u m p tio n a are D u r in g J a n u a r y d e te r m in a tio n in b r i n g i n g a b o u t secu re tr o u b le s a ll w ith o u t s p e c ia l and O tto our e la p s e d a tta c k s la s t N o o n e w h o c a r e fu lly w ere w a k e o f M r . R o o s e v e lt , a p p r o v in g w h a t h e h a d in year th a t con se r io u s G overn m en t c o m b in a tio n n o m in e e fo r th e P r e s id e n c y , p e a tin g doubt fir s t cu rrent S. m essage of of som e p r o m in e n tly a s p o s s ib le had have d e v e lo p m e n ts s a id P a c ific a g a in s t W a ll has t r a c e s t h e c o u r s e o f b u s in e s s s in c e t h e b e g in n in g o f th e can The p r o c e e d in g s e x tr a o r d in a r y a d d itio n by r e c u r r in g in con sequ en ce been U . le g a l U n io n w h ic h th e M r. th e s e c u r ity th e fu lm in a tio n a b e g in had th e r e a ffir m a tio n lo w th e N ovem ber. reason d e v e lo p e d w ith c r a tic have to a h e r e s ie s our needed, m a jo r ity a v e r y la s t d a y o f J a n u a r y th e r e c a m e P r e s id e n t ta in in g m ost w eak n ess has p re d e c lin e s th a t R o o s e v e lt ’s im a s u b s t a n t ia l r e c o v e r y in s tim u lu s w eeks great and p r ic e s im p o r ta n t le v e l r e a c h e d a t th e t i m e o f t h e fin a n c ia l c a t a c ly s m O cto b e r as D e p a rtm e n t on su b seq u e n t th is The la s t fe w recorded , p r o p e r tie s of y esterd a y E xchange, v a lu e s w eek y e s t e r d a y ’s w h ic h n a m e ly of O n th e th e b y r e fe r e n c e t o t h e p a r tic u la r s o f t h e s a le The p a rte d of T h e c i t y in v it e d p r o p o s a ls fo r g iv e n in o u r S t a t e a n d C it y p a ges. event As u n d e r m in e d . ru m ors fo u n d e d , d e te r m in e d S IT U A T IO N . fa v o r a b le b e in g m e n t c o n t a in e d in t h e p a p e r s S u n d a y m o r n in g , J a n . 2 6 , th a t r u p tio n The d is tu r b in g . a g a in s h o c k c a m e t h e la t t e r p a r t o f J a n u a r y , in t h e a n n o u n c e sp ace 387 [VOL. LXXXVI. ste p c a lc u g ra n te d th a t th e D is tr ic t m a n u f a c t u r e r w h o s e p la n t s h a d b e e n in t o t a l o r p a r tia l A tto rn e y id le n e s s m a d e s o -c a lle d I c e T r u s t c a s e s , a n d t h a t h e , J a c k s o n , b e d e le h is know n o p e r a tio n s nu m bers of a g a in , g iv in g m a te r ia l of so rt; r e g a in in g in a s m a ll w ay fin a n c ia l in g to n h is w ork r a ilr o a d p a r tic u la r in v e s to r cou rage to la r g e m anagers fo r r a ils ap peared and of a id e d s t ill on fu r th e r p a n ic , th e r e m a in e d by a c o n fid e n c e , ease s till to th e p o lit ic a l q u ie s c e n t, in th e la r g e r be and a g ita to r s and m oney s c a le , im p r o v e d even th u s fe e lin g . at at g a te d nbw and to b o n d d e a le r s ; t h e la r g e r c a p it a lis t s pu rch ases th e had in th e in te r e s ts , m ade F o llo w in g g iv in g th e s c a le b e g a n to m a k e p u rch a se s o n th e S to c k E x c h a n g e a n d fro m c o n tr ib u tin g e x te n d la b o r e r s ; ord ers, th a t g r a d u a lly m a rk et, th e re b y u n e m p lo y e d resu m ed and h is d e s ir e t o W ash A lb a n y to conduct in to S e n a to r h a v in g m azoo, and in R a te to ta k e th e h o ld our p e o p le any proceed ed in e a r n e s t i n t h e e n d e a v o r t o g e t b a c k p ro sp erou s b u s in e s s c o n d itio n s p r e v a ilin g to tw e lv e m o n t h s a g o — th e t h e o r y h e ld b e in g t h a t t h e c o u n t r y ’s p o lit ic a l by a g ita to r s had le a r n e d r e c e n t e x p e r ie n c e s , ance need sto ck m ark et be and ap preh en ded r e fle c te d th e w e ll th a t th e little fr o m le s s o n s t a u g h t fu r th e r d is tu r b th a t im p r o v e d sou rce. fe e lin g in p r i c e s w h i c h e n c o u r a g e d a r id p r o m o t e d v ie w s to w h ic h everybod y w as so read y in The a rise th e sa n g u in e to g iv e ad heren ce. B ut been d u r in g d ash ed . la s t T h ere tw o has w eeks been hopes have a s u c c e s s io n of a g a in u n fa v o r a b le p o lit ic a l d e v e l o p m e n t s , w h ic h h a s p r o v e d in t h e h e r e to fo r e conduct h im s e lf la u d a tio n of o f th e and in fu s e lo o k e d But upon h ere, as to o , In a sp e ech m a d e a t K a la th e th a t r e g u la tio n . been le a n in g s . n ig h t ,M r . K n o x p a r tic u la r e x p r e s s e d r a ilr o a d e x istin g ap proval it p r o v i d e s in d u lg e d in of th e H epbu rn a sou n d F u rth e rm o re , a A d m in is tr a tio n , lie sy ste m in s is te d of th a t th e la w m u s t b e r ig o r o u s ly e n fo r c e d , a d d in g : “ W e m u s t not fo r g e t of th a t and th e e ffic ie n c y p e r s is te n c e W ar T a ft has of of a ll la w M onday n ig h t R e p u b lic a n s m ade g iv e n of by M is s o u r i, o f h o n o r , h e d e fe n d e d tw o 31, d e c la r e d th e p e o p le of th e it sp eech es w as of at th e Secre d u r in g th e he of w as Young th e gu est P r e s id e n t’s m e s s a g e o f J a n . “ h e a rte n e d ” th e m ade in A t a banquet A s s o c ia tio n w h ic h th e " g rea t a n d w a s a “ b u g le c a ll” p o lic ie s ad dress had th e at th e lie s its e n f o r c e m e n t .” w e e k , a n d b o th w ere o f th e s a m e te n o r . to A d m in is tr a tio n . D e tr o it body of ren ew ed su p p o rt The T h u rsd ay seco n d a fte rn o o n , w h e re h e w a s th e g u e st o f th e M ic h ig a n R e ta il L u m b e r D e a le r s ’ th e th e has c o n s e r v a tiv e L a w , s a y in g ta ry b e fo r e p r o c e e d in g w ith en couraged, p r o s e c u tio n M i c h ., T u e s d a y w h o le s a le c lo s e ly t h e p o s s ib le e ffe c ts Thus K nox stro n g th e in t h e it. d isa p p o in tm e n t h a s c o m e . e ffic a c y m ove. be su p ersed ed v ig o r th e r e w a s a d is p o s itio n to p r o c e e d c a u tio u s ly — s t u d y in g new Jerom e A s s o c ia tio n . re p o rts have not pow ers in q u ite ought G om m erce th e In d a ily enough to be th is he r e g u la tio n c o n fe r r e d C o m m is s io n . ad d ress, pap ers, . . W e th e to th a t “ w e o f r a ilw a y s . upon . a c c o r d in g d e c la r e d O th e r I n te r -S ta te m u st see th a t F liB . 15 1908.1 THE CHRONICLE we secure stron g m en to sit upon th at Com m ission, who can prove b y their adm inistration that it is the proper w ay. . . . 1 believe it is possible to en force the present A nti-T rust L aw , but we need a new law more specific to bring all w ithin its provisions. I think th at to -d ay th e violation of the law is b y no m eans so fashionable as it was form erly.” U nder the influence of such causes as th ese, is it at all surprising th a t gloom y view s again prevail in the secu rity m arkets and th a t business m en are losing heart? At the sam e tim e, returns of railroad earnings for the tim e being are very u nfavorable, and unfortu n ately the loss in earnings cannot be ascribed entirely to a falling off in business. Som e considerable part is due to those “ regu lative” law s for w hich Secretary T aft and th e others w hom we h ave m en tion ed are so earnestly pleading. As one illu stration , we m ay sta te th at com putations m ade b y one of th e officials of the S t. Louis & San Francisco system show th a t had the Frisco road ob tain ed th e sam e rates in th e six m onths from July to D ecem ber 1907 as in th e corresponding six m onths of the previous year, its passengei eai n ings w ould have been larger by $600,000 and its freight earnings by $285,000. In other w ords, this one road alone has lost $885,000 through rate reduc tion s. H ave we n ot, therefore, arrived at th e point where further political agitation and G overnm ental action calculated to harm railroad and business - in te ie sts, already so seriously w eakened, sh ould cease? We en tirely agree w ith th e utterances of President Jam es J. H ill delivered a w eek ago, n am ely th at “ W hat the country needs now is rest. Let it h ave rest, and let a stop be put to this gh ost-dan cing and everyth in g will turn ou t righ t.” T he words of M elville E . Ingalls in his remarks at th e B an kers’ Club dinner, a t D etroit, on L incoln’s b irthd ay, are also appropriate. Less talk , less legislation , less shrieking and less abuse these are th e essentials for a return of prosperity. If this adm onition be not heeded, further suffering is in store for the business interests of th e country. O bviously th e part played b y political even ts d uiing the n ext few m onths is lik ely to be very im portant. This being so, th e fact should not be overlooked th at som e little indications of prom ise are appearing in another direction. The first of these is th e reconcilia tion which seem s to have been effected b etw een the tw o factions of the D em ocratic P arty in this city . T he result is exp ected to be an anti-B ryan delegation from this S tate to th e N ational D em ocratic C onven tion. A nother very hopeful sign is th at a m ovem ent has been inaugurated by som e of th e labor m en in favor of pushing Judge Gray as a candidate for the D em ocratic n om ination. Should such a m ovem ent succeed this w ould provide a candidate around whom conservative m en in both parties could rally. A minor incident in the European situ a tio n this w eek was a crisis in C openhagen which was due to a stringent m oney m arket and excessive speculation on th e B ourse. There were runs on several of the banks and one of them w as forced to suspend. After a con ference by th e Minister of Finance w ith officers of the principal in stitu tion s, it was announced th a t the G overnm ent, in conjunction w ith the leadin g banks, w ould guarantee all risks for th e concerns affected by placing the necessary funds at their disposal, which 307 course, it was ex p ected , w ould im m ediately satisfy all D anish and foreign creditors. A nother in cid en t, of a political character, w hich, w hen first reported, seem ed lik ely to be highly im port ant as affecting th e near E astern situ a tio n , was an aggressive m ilitary dem onstration b y R ussia against T u rk ey, w ith th e ob ject of forcing th e Sultan to w ith draw his troops from th e Persian frontier. As th e result of th e d em onstration , it w as later announced th a t th e Turkish troops had b een w ithd raw n,an d th a t harm onious relations had been estab lish ed b etw een R ussia and th e P o rte. It w as reported, though the report w as not confirm ed, th a t upon th e subm ission b y th e R ussian War Office to th e D um a of th e plans of th e G overnm ent, th a t b od y im m ed ia tely assented to the necessary appropriation, and, at th e sam e tim e, authorized the exp en d itu re of 10 m illion dollars for floating batteries along th e B a ltic coast, w hich, ow ing to th e w eakness of th e R ussian n a v y , is at th e m ercy of G erm any. This sta tem en t, if tru e, w ould seem to* indicate th a t th e D um a will not w ithhold appropria tions which m ay be needed either to provide m ean s for th e n ational defense or for th e purpose of enabling th e G overnm ent to regain, through m ilitary dem on stration s, its prestige. As has been heretofore n oted , the B ank of England has been rem ittin g to Paris considerable am ounts o f gold in settlem en t of th e B a n k ’s indebtedness to th e Bank of France on account of the advances of 15 m illion dollars which the latter m ade to th e English B an k last N ovem ber. It appears, by late mail and cable ad vices, th a t'a good part of this sum has already been rem itted . It is sta ted th a t w hen the ab ove-noted advances were m ade, it w as agreed th a t th e sterling bills through which th e loan was effected should be redeem ed in sovereigns; thus far, about one m illion of these coins have been taken from th e B an k of E ngland and a little more th an 3 m illions have been obtained from sh ip m ents to London from E g y p t, w hence m illions more are en route. W hen this consignm ent shall arrive and be tran sm itted to Paris there w ill rem ain less th a n half of th e 15 m illions to be rem itted on account of the B a n k ’s in debted ness. It is now legarded as probable th a t w hen final settlem en t shall be m ade, th e B ank of England w ill have supplied a com p aratively sm all proportion of the gold from its ow n sto ck , the rem ainder being ob tain ed through purchase. It will be interesting to note th a t th e German G ov ernm ent and th e R eichsbank are m aking earnest effoits to encourage the em p loym ent of checks in the conduct of business, w ith a view to m inim izing th e use of gold in the circulation. P rovision was recently m ade for the em ission by the B ank of <5 m illions of sm all notes, and these are com ing into general use, resulting in a decrease in the requirem ents for gold in th e circulation, and consequently aiding th e R eichsbank in augm ent ing its gold reserve. If th e use of checks should now also becom e popular am ong the business com m un ity, it w ould, it is th o u g h t, probably contribute still-furth er to m inim ize th e dem and for gold. T he Fall R iver co tto n m anufacturing establishm ents m ake a very satisfactory dividend exhibit for Mie first quarter of 1908. On a capitalization of $24,775,000 there w ill be a distribution of $561,550, or an average of 2 .27% , the shareholders of each of th e thirty-three corporations included in our com pilation p articipating. 3*58 THE CHRONICLE. T he current q uarter’s average dividends are, m oreover, w ith th e excep tion of th a t for th e corresponding period of 1907, greater th an in th e first quarter of any year in our record. As regards the exh ib it for last year, it is to be said th a t excep tion al dividends in tw o instances — one of 10% and the other, 14% , the sam e mills declaring 1 ^ % each the current year— account for th e b etter sh ow in g m ade then than now. In fact, all th in g s considered, the quarter’s exh ib it for this year is rea lly th e m ore favorable; for aside from those m ills p ursuing a con servative course in the m atter of divied n d s, and, con sequ en tly, m erely m aintaining the p reviou s year’s rate, all estab lish m en ts but the tw o referred to above have paid out a greater am ou n t th a n in 1907. A ctually the am ount distributed last year in the first quarter was $35,350 greater than the divid en d declarations for this year, the average divi dend h aving been 2.60% . In the ten years prior to th a t tim e the heaviest rate of distribution was 1.99% in 1896 and th e low est 0.26% in 1898. T he prosperous character of affairs the foregoing ap paren tly discloses can hardly be said to apply to the present tim e, although no claim s are m ade th a t opera tio n s are not upon a profitable basis. The ou tp ut of goods is being curtailed m oderately in conform ity w ith th e agreem ent entered into before the close of 1907 and dem and at the m om ent is rather ligh t, especially for print cloth s, and at low er values. It w ould, there fore, be hardly safe to accept the dividend result for th e first quarter as a guide for su cceedin g periods of the year. B u ild in g operations in the U nited S tates in the opening m onth of 1908 continued upon the restricted plane noticeable in the closing m onths of 1907. This is not at all surprising, of course, for, w ith general mer can tile and industrial affairs less activ e, it was not to be exp ected th at other interests closely allied therew ith w ould be unaffected. From a perusal of the data fur nished by the “ A m erican C ontractor,” which cover forty-seven leading cities of the cou n try, and upon which our conclusions are based, we find that at all points where building construction is carried on ex ten siv e ly , there was a m arked falling off in Jan. 1908. T ak in g Greater N ew York as an exam p le, we note that in the m onth of 1907 contracts entered into for structures for m ercantile or dw elling purposes called for an ou tla y of $ 1 3 ,791,986, whereas in the current year the total reached but $6,8 6 2 ,1 0 5 , or a decrease of fully 50% :’ R esults for th e various boroughs of the city vary w id ely, for w hile in th e B ronx an actual increase of about 1% over 1907 is sh ow n in the value of this January’s contracts, in Brooklyn a decline of 74% is in dicated , this year’s intended o u tlay being on ly $1,363,185, against $5,337,871 in the m onth of 1907. M anhattan Borough m akes a poor show ing also, the com parison being betw een $4,072,020 in 1908 and $ 7,039,165 in 1907, or a drop of 42% . At P hila delphia the building contracts for th e m onth this year covered only $954,510, against $ 2 ,488,460 a year ago, or a fallin g off of 61% , and Chicago’s total of $ 2,570,050 exh ib its a falling off of 21% from the $3,285,810 re ported for the m onth of 1907. The sam e condition exists in m ost other cities, large and sm all. In fact, going all through the list, there are but nine cities where building operations show ed greater a ctiv ity in January,.tM s year than last year, and at only three of [VOL. L X X X V I. them (K ansas C ity, w ith proposed o u tla y of $515,360, again st $444,355; D en ver, $294,750, against $278,555; and O m aha, w ith $188,750 to be exp en d ed , as com pared w ith $170,775) do the am ounts covered by th e contracts reach as m uch as $100,000. In the aggre gate th e Jan. 1908 building engagem ents at the fortyseven cities represented a value of $ 1 6 ,8 7 0 ,9 1 0 , again st $30,7 2 9 ,1 6 2 in the m onth of 1907, or a decline of 44% . T his is a n oticeab ly large decline in a ctiv ity in a very im portant branch ol in du stry. It does not m ean m erely th at dealers in lum ber, brick, iron and ston e have suffered a large decrease in their business, but th a t the takings of builders’ hardware, such as locks, hinges, nails, & e., & c., have also fallen off greatly. C hina’s statu s am ong the w orld’s producers of co t ton has alw ays been largely a m atter of conjecture, ow in g to the im possibility of securing an y reliable inform ation on the subject from official sources. For the sam e reason it has never been possible to d eter m ine w ith even approxim ate correctness th e ex ten t to w hich th e m anufacturing of cotton goods is carried on in that cou n try. Our own efforts at various tim es w ithin the last th irty years to obtain reliable data as to grow th or m anufactures h ave been abortive, and others have had like experience. So th a t w hatever figures have been published have been purely esti m ates. B u t of recent years, or, more concisely speak ing, since th e Japan-China war, more inform ation of a fairly reliable character has been availab le, and it is quite probable th a t before long a p retty correct idea on the su bject will be possible of a ttain m en t. It is, of course, a known fact, arrived at by deduc tion ^ f in no other w ay, that cotton is raised in China, and has been for m any years, and that not on ly is m uch o f.it there spun into yarn, but th a t, as in In dia, one of th e industries of the country is th e w eavin g of cloth on hand loom s. T hat has, until la tely , been all th a t was know n that was at all conclusive in nature. N ow , how ever, the appearance of reports bearing upon grow th of th e raw m aterial in China and the turning of it into goods have som ew hat revived interest in th e m atter. As regards the culture of cotton in China, a report to th e ^Department of Commerce and Labor by the U nited S tates Consul at T sin g ta u , Mr. Ernest Vollmer, contributes considerably to our en ligh ten m ent. H e says th at in N orth China and on the S hantung peninsular much more cotton is raised th an is generally supposed, but, u nfortun ately, he does not go to the length of givin g even an approxim ate idea of w hat the annual grow th is. H e refers, how ever, to the principal seat of cotton culture, and describes how the n a tiv es, by the work of m any years, turned a large, shallow lake in th e H auli region of S han tu ng into a flourish ing p lan tation , w ith irrigation d itch es, from which a good crop is alm ost certain to be secured each year, no m atter w hat the atm ospheric conditions. P la n t ing, he sa y s, is carried on in May and picking proceeds during O ctober and early N ovem ber. T he m ethod of g in n in g is d ecidedly p rim itive, a device with tw o w heels arranged like a clothes-w ringer being used. Sm all teeth pull the fibre th r o u g h ,w hile the seeds, being too large to pass betw een the rollers, drop to the ground. The cotton is th en separated and rendered so ft by being beaten w ith an instrum ent closely re sem b lin g a large violin bow. The n a tiv e cotton , w hile F e b . 15 1 90 8 .] THE CHRONICLE. w hiter than th a t from In d ia (of w hich there are im p ortation s each year in to C hina), is coarse, of very short stap le and not so strong, and hence of little value fo r w eavin g. It is used alm ost exclu sively, therefore, for w add in g for h eavy w inter garm ents, for com forters, or, spun in to yarn, serves as warp for Chinese cloth (nankeen) w oven on hand-loom s. Mr. Vollm er concludes his report b y sta tin g , in effect, th a t, con sidering th e poor staple and crude m ethods of prepar in g th e cotton for m arket, there is little present possi b ility of its culture increasing m uch, although th e crop is a profitable one to th e farmer and is entirely su itable for th e m ain use to w hich it is p ut— cotton-w added garm ents. T h e m anufacturing of cotton goods in China is treated quite fully in a report of the B ritish Comm ercial A ttach e at P ek in g to his G overnm ent. H is in v esti gations indicate th at there are 28 cotton-sp inn in g m ills in China engaged in turning out yarn for th e hom e m arket. Their equipm ent is ap proxim ately 750,000 spindles, and operations th e last few years h a v e re turned good results. The m ills in th e latest year covered b y th e A tta ch e’s report— 1906— were run night and d ay, and running on counts of yarn ranging from 10s to 16s, turned out about 12 ounces of yarn per spindle per d ay, or a tota l of 562,500 pounds per d ay for th e w hole eq u ip m en t. On th a t basis he figures th e annual ou tp u t (for 320 w orking days) at 1 8 0 ,000, 000 lb s. of yarn, and th e great bulk of it , he rem arks, finds its w ay into the country around Shanghai and becom es th e warp of Chinese cloth w oven on handlo om s, th e w eft being m ade from im ported yarn. In fact, m ost of th e im ported yarn is thus used, although in som e estab lish m en ts at Shanghai a certain quan tity of goods is m ade en tirely of im ported yarn s, especially colored fancy-p atterned cloth. In neither of th e reports to w hich we have referred ab ove is there an y direct reference to th e annual pro d u ction of th e raw m aterial in China. T h at to th e B ritish G overnm ent, h ow ever, contains a calculation, based upon certain assum ptions, placin g th e produc tio n in th e neighborhood of 300,000 ton s, w hich, re d uced to bales of 500 lbs. average w eigh t, w ould give a crop of 1,200,000 bales. It has been th e practice q u ite frequently to credit China w ith a production secon d on ly to th e U n ited S ta tes, but it is highly proba ble th a t th e figure given ab ove, w hile n ot claim ed by its prom ulgator as correct, is not far w ide of the 369 969,600. T h e C learing-H ouse sta tem en t of actual con dition of banks (a new feature) show ed a percentag of 27.70% reserve to d eposits, against 27.6% as in dicated b y th e averages. T he reports of S ta te banks and tru st com panies ou tside th e Clearing H ouse com bined w ith th e sta tem en t of banks in th a t association show ed 15.03% reserve to d ep osits. A sta tem en t issued on M onday, givin g th e com bined reports of S ta te banks and tru st com panies ou tside of th is c t y as of F eb . 7, show ed an average reserve of 18% for S ta te banks and of 15.63% for trust com panies. It m ay be noted th a t ou tstan d in g C learing-H ouse loan certificates am ounted on th e d a te of th e bank sta te m ent to $4,500,000; th e y were carried in th e item of loans. The m arket for call m oney w as on ly slig h tly influ enced in tone by th e ab ove-noted reduction in bank reserves, and it was not affected* b y current absorp tion s, b y th e Sub-T reasury from th e banks, of cash incident to p aym ents to th e form er on account of bank note retirem ents and redem ptions w hich called for rem ittances of law ful m oney to W ashington. T he m arket for fixed -d ate loans was a shade firmer, but this was not due to any increased dem and. There continues to be reliance by com m ission houses upon th e call-loan branch of th e m arket for short-term re quirem ents, and th e outlook for an im provem ent in speculation is not encouraging, so th a t there is little inquiry for loans for longer periods. Som e business is reported for six and for tw elv e m onths, but such transactions are chiefly th e result of special n egotia tio n . M oney on call, representing bankers’ balances, loaned at th e S tock E xchan ge during th e w eek uni form ly each d ay at 2% and at 1% % , w ith th e average and th e bulk of th e business at 2% ; trust com panies did not appear to be lenders. Tim e loans were quoted I at 3% @ 4% for six ty and for ninet)' days; 4}^% for four, 4]^ @ 424 for five to six , 4% @ 5% for nine and 5@ 5J4 for tw elv e m onths. The dem and for com m ercial paper continues good, thou gh th e local in quiry is com p aratively lig h t. R ates are 5 j ^ @ 5 ^ % for six ty to n in ety d ay endorsed bills receivable, in cluding choice E astern m ill paper; 5 ^ @ 5 ^ % for prim e four m onths and 5]^@ 6% for this grade of six m onths single nam es and 6% and above for good paper of the last-nam ed period of m atu rity. Much interest was m anifested during th e week in th e N ew Y ork City bond offerings w hich were m ade on Friday; th e ab m ark. sorption of these bonds ap paren tly by syn d icates of There was no change in official rates of discount bankers was exp ected to have a good effect upon th e b y apy of th e European banks this week; com pared bond m arket and also upon th e general in vestm en t w ith la st w eek, unofficial, or open m arket, rates were and m onetary situ a tio n . ste a d y at all the chief centres. It is reported th a t the Japanese G overnm ent is seeking to effect a loan in Paris through one of the large p rivate banks; the am oun t of the proposed loan is not sta ted nor are other details m ade public. T he statem en t of th e N ew York A ssociated Banks last w eek disclosed, as the m ost notab le feature, the u n exp ected decrease of $10,973,800 in cash; this was claim ed to be due to w ithdraw als b y trust com panies, from their bank depositories, of cash deposits in order th a t these com panies m ight m ake a good ex h ib it. L argely as th e result of this cash loss, th e surplus re serve was decreased $10,694,550, to $29,832,175; de p osits decreased $1,117,000 and loans increased $ 5 ,- The B ank of E ngland rate of discount rem ains un changed at 4% . The cable reports discounts of six ty to n inety day bank bills in London 3 ^ @ 3 J ^ % . The open m arket rate at Paris is 2 ^ % and at Berlin and Frankfort it is A ccording to our special cable from London, th e B ank of E ngland gained £ 4 7 6 ,8 9 9 bullion during th e w eek and held £ 3 8 .0 3 4 ,4 9 0 at th e close of th e w eek. Our correspondent further advises us th a t th e gain was due alm ost w holly to re ceipts from th e interior of Great B ritain, im ports and exports nearly offsettin g each other. T he d etails o f th e m ovem ent in to and out of th e B ank were as fol lows: Im p o its, £ 8 1 3 ,0 0 0 (of which £ 6 5 5 ,0 0 0 from 3T0 THE CHRONICLE. E g y p t and £ 1 5 8 , 000 bar gold bought); exp orts, £ 8 3 6 , 000 (of w hich £ 5 3 1 ,0 0 0 to Paris and £ 3 0 5 ,0 0 0 to South A m erica), and receipts of £ 5 0 0 ,0 0 0 n e t from the in terior of Great B ritain. T he foreign exchange m arket was h eavy this w eek, influenced chiefly b y exp ectation s th at th e N ew York C ity bonds, bids for w hich w ould be opened on Friday^ w ould be subscribed for largely by the Morgan sy n d i cate, w ith the in tention of placing them abroad. If exp ectation s of a foreign distribution of the bonds should be realized, the creation of so great an am ount of ex change as would result therefrom w ould, it w as th ou gh t, be alm ost certain to cause a more or less im portant reduc tion in rates for such bills. Therefore, there were liberal sp eculative sales of exchan ge and a lim ited dem and for current rem ittance, which contributed to a stea d y decline in the m arket. T hough th e sem i-m on th ly settlem en t on th e -L o n d o n S tock E xchan ge was in progress after th e m iddle of the w eek, there did not appear to be an y special inquiry for cables incident th ereto, in dicating a sm all Am erican account at the se ttle m e n t. A rbitrage purchases of stock s for Europe were offset by su bsequent selling, so th at no influence was exerted by these operations. B u yin g of long ster ling for in vestm en t was one feature. Commercial bills were in m oderate su p p ly and chiefly confined to those against cotton . The occurrence of the holiday on W ednesday ten ded to m ake th e m arket com para tiv e ly active on T u esday. On T hursday the tone was quite w eak, ow ing to the p en dency of the N ew York C ity bond sale. On Satu rd ay of last week th e m arket was low er and, com pared w ith the previous d ay, long fell 15 points to 4 83@ 4 8310, short 15 points to 4 8635@ 4 8640 and cables 10 points to 4 8665@ 4 8670. On M onday long declined 20 points to 4 8285@ 4 8290, short 5 points to 4 8 6 3 0 ® 4 8635 and cables 15 points to 4 8 6 5 0 ® 4 8655. On T uesday lon g fell 5 points to 4 8 2 8 0 ® 4 8285, short 15 points to 4 8610@ 4 8620 and cables 5 points to 4 8645@ 4 8650. On T hursday lon g fell 30 points to 4 8250@ 4 8275, short 20 points to 4 8585 @ 4 86 and cables 30 points to 4 8615@ 4 8625. On F riday long declined 15 and short 10 points; cables were unchanged. T he follow ing show s daily posted rates for sterling exchange b y som e of the leading drawers: F r i., F eb . Brown Bros. & C o........... Kidder, Peabody & C o__ Bank British North A m erica.. Bank of Montreal________ Canadian Bank of Commerce___ Hetic lbach, lekelhelmcr & C o__ Lazard Prtres .................. Merchants’ Bank of Canada_______ j GO days 1 84 .1 Sight . 4 87>^ ! GO days 4 84 . . ! S ig h t.. 4 8 7 A 1 GO days 4 84 ..\ S ig h t.. 4 88 / GO days 4 84 .-1 S ight.. 4 88 / GO days 4 84 -1 S ig h t.. 4 88 J GO days 4 84 .1 Sight . •» 87 A J GO days 1 84 -1 Sight,. _ 4 8 7 A / GO days 1 84 4 S igh t.. 4 88 M o n ., T u e s ., W e d ., 7 F e b . 10 F e b . 11 F e b . 84 87 A 84 8714 84 87 ^ 84 87A 84 87 A 84 87 A 84 84 84 87A 87A 84 84 87A 87A 84 87 A 84 87 A 84 87 A 84 87 A 84 T h u r s ., II O L I D A Y F r l., 12 F e b . 13 F e b . 14 84 87 A 84 87 A 84 87 A 84 87A 84 87 A 84 87 A 84 87^ 84 87A 84 87 A 84 87 A 84 84 87 A 84 87 A 84 84 87A 87 A 87 A S7A 87A 84 87 A The m arket closed on F riday at 4 8250@ 4 8260 for lon g, 4 8580@ 4 8590 for sh ort'an d 4 8615@ 4 8625 for cables. Commercial on banks 4 8190@ 4 82 and docu m ents for paym ent 4 S l% @ 4 82% . C otton for p ay m ent 4 81% @ 4 81% , cotton for acceptance 4 8 1 9 0 ® 4 82 and grain for p aym en t 4 82% @ 4 82% . The follow ing gives the w eek ’s m ovem en t pf m oney to and from the interior by the N ew Y ork banks. [Voii. W e e k en d in g F e b . 14 1938. N Gold .................................................... L X X X V I. R e c e iv e d bn S h ip p e d b y . Y . B a n k s . 'N . Y . B a n k s . N e t In te r io r M o v e m en t. 810,310,000 1,10G,000 80,808,000 Gain 83,502,000 300,000 Gain 800.000 811.410,000 87,108,000 Gain 84,308,000 W ith th e Sub-T reasury operations the result is as follow s. W e e k e n d in g F e b . In to B anks. 14 1908. Banks’ Interior movement as above. Sub-Treasury operations________ O ut of B anks. N e t C h a n g e In B a n k H o ld in g s . 811,410,000 27,300,000 87.108.000 Gain 84,308,000 28.300.000 Loss 1,000,000 838,710.003 835,408.000 Gain 83,30S,000 The follow ing table indicates the am ount of bullion in the principal European banks. F eb. B anks o/ E n gla n d.. P ran ce__ Germany a Russia d .. Aus.-IIunb S p a in ___ Ita ly_____ Ncth’lands Nat.Belg.a Sweden .. Swltz’land Norway . . 13 190S. F eb. G o ld . S ilv e r . T o t a l. G o ld . £ £ £ £ 38,034,490 145,790,095 44.808.000 121,887,000 58.040.000 41.482.000 4 1.235.000 11,972,900 5.545.000 3.907.000 3.270.000 1.524.000 35,382,551 105,72 1,080 30.700.000 118,051,000 40.438.000 15.403.000 32.242.000 5,542,400 3.322.000 4.108.000 1.550.000 1.645.000 38,034,490 100,848,935 31.722.000 110,012,000 40.312.000 15.096.000 30.538.000 7.088.000 3,890.067 3.907.000 3.270.000 1.524.000 35,947,700 13.146.000 5.875.000 12.328.000 25.786.000 4.700.000 4,284,300 1.918,333 14 1907. | S ilv e r . £ 39,370,320 11.800,000 4.735.000 12.072.000 24.298.000 4,737,300 5.739.000 1.001.000 T o ta l. £ 35,382,551 145.095.000 42.500.000 122.780.000 58.510.000 39.701.000 30,979,300 11,281,400 4.983.000 4.108.000 1.550.000 1.045.000 Total week 414,455.092 10 1,015,393518.471,085!400.174,031 104,412,020 504,587,251 Prev. week 412.228,210 10G.023.575 51S,251,791 400,043,122 104,400.639 504,509,701 in o i.x xx ailvl?l' siven in our tamo or coin and bullion •i an‘ l Cic Hank of Belgium Is made from the best estimate * ka„re ? !n«t?n?f,ilrilnIV ln. ,n<-1tlUT £ase ls u claimed to be accurate, as those banks t w i t . h v n 1m ,'vcekly ref urns- merely reporting the total gold and 3 wc Relieve the division we make ls a close approximation. ,no; nI , e Austro-IIungarian Bank Statement Is now Issued in Kronen and Ilellcr ?,?, S*k en a.nJ* *vreutzer. The reduction of the former currency to sterling Pounds was by considering the Gulden to have the value of 80 cents. As the K ronen has really no greater value than 20 cents, our cable correspondent In London. In order to reduce Kronen to Pounds, has altered the basis of conversion by dividing the amount of Kronen by 24 Instead of 20. dI The total of gold In the Bank of Russia Includes the balance held abroad— that is, the amount held for Russian account In other Continental banks. The proportion so held, and consequently duplicated In the above statem ent, Is about one-quarter of the total. h Excluding foreign gold bills. M R . B A L F O U R O N D E C A D E N C E O F N A T IO N S . W e referred last w eek, in our com m en ts on the political situ ation of P ortu gal, to Lord S alisb ury’s fam ous classification of “ d ying n a tio n s.” There com es to hand this w eek, very m uch in point to such discussion, the te x t of a lecture delivered at Cambridge U niversity by Lord S alisb ury’s nephew , Mr. B alfour, on the subject of the decadence of n ations. The subject was approached by this accom plished public m an with th a t keenness and im agin ation which alw ays stim ulate th ou ght am ong his readers or hearers. If his discussion leaves the m ain question very far from solved, and possibly a little more u nsettled than before, it does not altogether differ in this from Mr. B alfour’s other excursions into p hilosophy. T he decadence in respect to w hich , in th e speaker’s own language, he “ w ished to put q u estio n s,” was the decadence “ which has a tta ck ed , or is alleged to a tta ck , great com m unities and historic civilizations; which is to societies of m en w hat sen ility is to m an, and which is often , like sen ility , the precursor and the cause of final d issolu tion .” P oin tin g out the general acceptance b y th e thinking world of the theory th a t nations and civilizations thus d ecay, Mr. Balfour b lun tly asks, w hat is the evidence of it, and w hat, if it is true, is its purpose in the developm ent of hum an progress? “ W as it needful for the cause of civilization as a w hole th a t the organized em bodim ent of each particular civilization , if and w hen its free developm ent was arrested, should m ake room for newer and more vigorous com p etitors” ? Mr. Balfour is cautious about ad m itting th is. E ven where decadence of nations has to be con ceded, “ it is alw ays com plicated w ith, and often acts through, other more obvious causes, ft is therefore possible to argue Feb . 15 1908.) THE CHRONICLE. th a t to these causes, and not to th e more su b tle and elusive influences collectively described as decadence, the decline and fall of great com m unities is really d u e .” N atu rally, th e case of th e R om an em pire com es at th a t point to m ind. Mr. B alfour, balancing b etw een th e larger and th e narrower causes, points out th a t, w hile th e W estern half of th e R om an em pire w ent dow n in com plete collapse and d ecay, the E astern half survived it for a thou sand years, and w ould perhaps still exist but for th e alternate ill-judged action or in action of W estern Europe during the struggle w ith M oham m edanism . Com ing dow n finally to th e theory th a t races and civilizations w hich h ave lived ou t their life m ust give place to new and vigorous organizations, Mr. Balfour asks, if th e energy of developm en t am ong ex istin g S tates were som e d ay to be exh au sted , “ where are th e untried races com petent to con stru ct, ou t of th e ruined fragm ents of our civilization, a new and better h ab itation for th e spirit of m an” ? It w ill be seen from this brief sum m ary th a t Mr. B alfour asks questions w hich he does not answer, and th a t his dialectics have as their principal result th e u psettin g, to a greater or less e x te n t, of previous theories on th e su bject. Y et th e question w hich he approaches in his address is of vital in terest, not on ly from a historical point of view , but to th e practical consideration of th e present d ay. If, for exam p le, a certain ty p e of political and social d evelop m en t, once in com plete dom ination of th e w orld, could be arrested and overthrow n, as was th at of th e R om an em pire, how can we be sure of th e perm anence of our ow n more m odern type? More d efinitely, if certain nations have, as is generally ad m itted , fallen behind in th e race of progress after p layin g, like Spain and Ita ly , a great part in th e earlier episodes of m odern h istory, w hat is th e guaranty against the sim ilar displacem ent of na tions w hich now stand in th e front of progress? T hat th e question is not b y any m eans abstract one m ay judge from th e fact th at in E n glan d ’s p olitical dis tresses during our war of independence, and even in its m uch more recent period of isolation during 1895, there were C ontinental critics who triu m p h antly proclaim ed th a t the d ay of British prestige in th e w orld’s d evelop m en t was over. W e believe th a t th e fundam ental cause underlying such decadence of nations is clearly and correctly realized in th e m ind of the average thinking m an. It is on ly w hen the special and peculiar cause for any one episode of th e kind is taken in consideration th a t dis p ute and confusion begin. Q uite aside from th e more fam iliar theories th at lu xu ry, slavery and effem inacy o f them selves sapped the vigor of R om an so ciety and R om an in stitu tion s, we have Sir A rchibald A lison’s stubborn m aintenance of his belief th at decline in pro d uction of the precious m etals wrecked the foundations of the so ciety of th e period, and Mr. B u ck le’s equally in sisten t argum ent th at every decay of n ation s, espec ia lly in m odern h istory, has resulted from th e surren der of civilization to th e influence of religious supersti tio n . T hese provide endless m aterial for controversy. B u t we im agine th a t th e practical thinker will sw eep aside all this special pleading and arrive at th e con clusion th at th e ad ap tab ility of a given sta te to th e needs of civilization at a given tim e is w hat con stitu tes and w hat will alone preserve its title to international power and prestige. T h at the work of 371 Greece in h istory was to preserve and im part th e cul ture of th e old civilization' th a t R o m e’s part in his tory w as th e estab lish m en t of civil rule and law as against barbarism ; th a t Spain and th e old German E m pire, in their tim e, were th e very m uch needed bulw arks of centralized governm ent in feudal com m uni ties; th a t th e office of E ngland has been th e develop m en t, first, of popular in stitu tio n s at hom e, and th en of com m erce and colonization abroad; and th a t th e func tion , so far as w e m ay y et define it, of the U n ited S ta tes has been prom otion of personal lib erty— these are conclusions so thorough ly estab lish ed in th e th o u g h t of th e com m un ity th a t th e y need on ly be sum m ed u p. W hat is not alwa}rs tak en so fu lly in to account is th a t th e decadence of Greece occurred, not alone be cause of th e loss of their pristine vigor b y its citizen s, but because it had done its work and im parted its les son of culture to th e surrounding w orld. So, in a very large degree, of th e R om an Em pire; so of th e Spain and G erm any of th e S ix teen th C entury, w hose peculiar social and sacerdotal in stitu tio n s, valuable in th e high est degree as a w all against th e encroachm ents of feudal anarchy, becam e them selves anachronism s w hen th e feudal system had lost its hold on so c iety . One m ight, indeed, in follow ing th is sam e line of th o u g h t, call to m ind the fact th a t th e single bright period in which P ortuguese history becam e a m atter of vital interest and concern to th e w orld at large was w hen the predom inant need of civilization was for so lv in g the problem of th e unknow n W estern con tinent. T he hardy P ortuguese n avigators of th e period, before and after C olum bus, gave to th e governm ent under w hose auspices th e y em barked a part in th e progress of civilization for which there is to -d a y no longer op portu nity. • N atu rally, it is easier to assign th e causes for the events of another century th a n to show w hat causes are at work at th e present tim e, and w hat th e y fore shadow for th e future. T h a t th e dem and of presentday civilization is for m aterial progress along th e lines of science, in du stry and com m erce, there w ill be few to doubt; nor can it be questioned th a t E ngland, Ger m any and th e U n ited S ta tes are the forem ost ex p on ents of this m ovem en t, and for th a t reason rightly hold th e centre of th e sta g e. The in teresting problem s of doubt in the longer future of th e nations concern, so far as can now be seen , th e tw o S ta tes, R ussia and Japan. In th e one case we h ave a y ou n g and vigor ous com m u n ity, fettered by w orn-out and obsolete in stitu tion s against w hich the people are struggling violently; in th e other, a nation of Oriental origin and traditions w hich has ad opted voluntarily th e in stitu tions, social, industrial and p olitical, of th e m ost en lightened Christian S ta tes. To w hat consum m ation the tendencies in either of these tw o in teresting com m unities are to lead hereafter is a question w hich m ay h ave a bearing not on ly on future h istory, but on the theories of the past into w hich Mr. B alfour’s discus sion dips. W ith th e conclusion of his sp eech, th a t, though tim e has brought to progressive n ations new causes of d isquiet, it has also brought new grounds of hope, and th at “ w hatever perils be in front of th em , there are, so far, no sym p tom s either of pause or re trogression in the onward m ovem en t w hich for more th an a thou sand years has been characteristic of W est ern civ iliza tio n ,” there w ill be am ong th ou ghtfu l m en little difference of opinion. 37*3 THE CHRONICLE. T H E I N T E N S I T Y O F T H E C R IS IS . Each new crisis in th e econom ic world u sually m arks a forward step in hum an experience. It is rarely th a t id en tically th e sam e errors are repeated in su ccessive financial disturbances, although from a p sych ological point of view th e phenom ena of each great period of exp an sion and contraction are m uch alike. T he financial world m oves on from one set of discredited experim ents to another, p u ttin g up bars for th e future against the errors w hich have been dis covered, but w ithou t being capable of providing fully against errors to com e. A crisis is th e p en a lty for such errors. It arises from th e reaching out in new directions of experim ental legislation and econom ic fallacies. Financial projects w hich were th e cause of crises in th e past h ave been relegated to the list of settled affairs. The issue of m oney by th e G overn m en t, th e form ation of banks, th e building of rail w ays, loans to cou n ties, S ta tes and foreign govern m ents have all passed through this stage of evolu tion . W ith som e excep tion s their possibilities and their risks are now w ell u nderstood. T h ey are m uch less lik ely th an form erly to be th e source of im portant financial crises. One of th e sources of strength in th e existin g situ a tio n , and one w hich m ay dim inish th e in te n sity of th e crisis, is th e sou nd b asis of our currency sy stem . T his elem ent of secu rity was lacking in 1873 and in 1890. On both occasions th e sta te of th e cur rency, th e m easure and standard of valu es, w as a su bject of serious concern. It kept every one in doubt as to th e depth of th e m ire w hich m ight be reached before b ottom w as tou ch ed . D uring th e present crisis there has never been a question of th e value of th e G overnm ent m oney nor of th e solven cy of the T reasury. T he cou n try ow es both of these sources of secu rity in a m easure to th e Gold Standard Law of 1900. In stead of a reduction of th e gold reserve on several occasions below $ 6 0 ,000,000, th e presenta tion of greenbacks and gold certificates for redem ption in gold, and th e disbursem ent of gold because there was no other m oney left on hand, th e present crisis has w itnessed no attack upon th e reserve and no pre sen tation of notes for redem ption; and th e Treasury is being criticized for ten derin g too m uch aid to the m arket in stead of being alm ost unable to tender a n y. W here th e am ount of ou tstan d in g gold certificates was reduced at th e close of 1896 to $37,88 7 ,4 3 9 , th e am ount ou tstan d in g at th e close of la st m onth was $ 8 0 5 , 59 0,869, and where th e to ta l gold held in the Treasury for all purposes was on ly $175,0 0 0 ,0 0 0 , it now stands at about $985,000,000, or not far below a thousand m illions. T he new elem ents w hich entered in to the causes of th e recent crisis, aside from th e prim ary one of political agitation , were chiefly th e increase in th e ou tp u t of securities, th e increase in loans upon such secu rities, especially by tru st com panies, and th e untried nature of th e new in du strial issues. N ever before has so large a proportion of th e w ealth of the com m u n ity been put into th is sed u ctive and con vert ible form . Even if all such new issues were sound and safe, th e fact th at th e y becam e a basis for bank loans upon a large scale was an elem ent which in vited excessive sp eculation . Such a flood of securities as a basis for sp eculation was really a new elem en t in th e [VOL. L X X X V I. banking situ a tio n , in sp ite of the fact th a t in principle such loans w ere not novel. It was a fundam ental w eakness of th e tru st com pany situ a tio n — not th a t th e loans m ade by tru st com panies were not in par ticular cases well secured, but th a t the entire principle of loan in g in th a t way nearly th e entire assets of a corporation p aying deposits on dem and was a ven ture som e p o licy . The public has aw akened to th ese facts, and th e result is em bodied in part in som e of th e legislation proposed at A lb any. If each new panic is a step in the direction of prog ress, th en there m ay be som e reason to hope also th a t each su ccessive ev en t of this sort will strik e less deeply in to the econom ic prosperity of th e cou n try. The conditions of th e flurry in 1903 and 1904, which was called “ the rich m en’s p a n ic ,” m ay be duplicated to som e ex ten t in the present case. There is no doubt th a t the present crisis cuts m uch deeper th a n th a t of 1903; but th e su bstan tial basis upon which th e pros p erity of th e country rests is sounder th an in 1893 in th a t th e currnecy standard is not in q uestion. T H E C A S E O F C O M M IS S IO N E R K E L S E Y . T he very long report of last w eek, by Mr. F lem in g, who has been for som e m onths occupied in looking into th e conduct of th e Insurance D ep artm ent of this S ta te, is follow ed this w eek by a renew ed recom m en dation to th e S enate th a t C om m issioner K elsey be rem oved. Of the score of charges against him , nearly one-half are so absurd th a t Mr. F lem in g is com pelled to m ention them only to dism iss th em . It has lon g been known th a t sta tisticia n s and in vestigators w ho look for facts and figures to su stain a pre-determ ined conclusion never fail to find th em . L ast year, as will be rem em bered, G ov. H ughes failed to win a m ajority of the Senate for displacing Mr. K elsey by som e m an of his own selection , and did not take his defeat graciously, his own political prestige being som ew hat involved; it is not u njust to assum e th a t he started th is inquiry by Mr. F lem in g, n ot so much to discover th e facts in depend en tly as to get m ater ial on which to base a renewal of an a ttem p t to which he felt him self com m itted. The Flem ing report is, therefore, discredited in advance b y its obvious bias; m oreover, it gives e v i dence throughout of h avin g been shaped to a purpose. For exam p le, it is ad m itted th a t certain sales of securi ties in one com pany at present in trouble were m ade early in 1907 and not discovered b y Mr. K elsey until near th e end of the year, whereas a W estern com m is sioner heard of it a little earlier, and was induced thereby to begin an ex am in ation . Much stress is laid upon this and upon th e plea th a t th e d ign ity of this S ta te requires th at it should take th e lead and n ot be beaten in suspicion and alertness b y a distant S ta te . “T his ignorance (says th e in vestigator) was due to th e fact th a t no effort was m ade b y th e D epartm ent to ob tain periodic reports of th e financial transactions of insurance com p anies.” B u t to have p ositive know l edge of all “ financial tran saction s” in regular routine w ould require a detailed exam in ation m onthly or quarterly, and is ob v io u sly im practicable. Insurance supervision has never been conducted in th a t m anner, and never can be. Mr. Flem ing m entions several tim es th a t the ac cou n tin g officers of the M utual Life failed to report certain profits by sales of securities. T his appears to F e b . 15 T H E CHRONICLE. 373 be true, but the statement is nevertheless misleading, has what might have been done long ago upon the since it has reference to past practice, not present question of Mr. Kelsey’s efficiency now? He came in without experience, only a few weeks practice. The custom had previously existed of omitting such profits from the annual reports, but after the San Francisco calamity, which cast on him crediting them to real estate to offset depreciation in such a burden as no predecessor had encountered. A real estate values. But this method was abandoned hundred pages of new laws were also put in his hands. long ago and did not come down later than 1904, two Gov. Hughes speaks of these as an aid, being “ clearly years before Mr. Kelsey came in; yet, while Mr. Flem defined obligations which were not left for him to ing's specific language is that of condemning Mr. Kelsey discover but which were writ large in the minds of for not having discharged an old employee who ought all the people of the State.” On the contrary, he had to have detected this “ wrong” in 1904, he adroitly “ to discover” several mooted points, so perplexing makes it appear as if this custom were continued to that in one instance- the Attorney-General gave an the present time and Mr. Kelsey had not stopped it. interpretation which he himself reversed within ten There are several other matters as to which the Mutual weeks, and there is not even now complete agreement is cited, and in such manner as to suggest that the as to what is required. At the same time, the con company has been violating law without being called duct of and responsibility for the elections in the great to account therefor— intimations which the company companies was put upon him, and all through the first shows to be utterly groundless. In the elections which eight months, while he was trying to bring the fire once drew much attention, the commissioners of some insurance companies through their great trial with the States (notably Kentucky and Tennessee) took a stand least sacrifice, he was beset by persons to intervene as for one ticket and displayed much partisan activity a partisan, and take up the most preposterous charges on its behalf; this course is held up by Mr. Fleming of misconduct against the company managements. as evidence of commendable zeal in contrast with the Several times a week, through the summer, he was conduct of Mr. Kelsey, who really deserves commenda appealed to thus; the sensational journals also urged him and printed every wild story, and because he held tion for holding himself aloof. But the desire of this investigator to make out a himself aloof and left the policy-holders to do their case is shown by the fact that he goes back and puts own voting, he is charged with feebleness. It has been upon Mr. Kelsey shortcomings and defects of the reiterated that he ought to have “ reorganized.” The Department before he came into it. For instance, in truth is that, while he has made some mistakes, never the autumn of 1904 (18 months prior to the Kelsey was a man in a like position so harried, and rarely appointment) an insurance journal published informa has one had so much excuse for extreme deliberation in tion supplied by a discharged clerk of one of the the extraordinary circumstances. To say that he smaller companies, by which it appeared that the should have immediately or soon turned out the annual statement of the previous year was false, and experienced employees, merely because some outsiders the company was actually impaired. It may or may demanded a clean sweep, is too absurd to consider. It must further be said that no whisper has been not have been culpable negligence in a Department uttered against Mr. Kelsey’s integrity and his sincere employee that he failed to note something singular in desire to do well; on the other hand, his industry is the figures at the time; the Fleming report assumes amply shown. In contrast with the tardiness under that it was, and condemns Mr. Kelsey for not dis some of his predecessors, the Fire report of last year charging him therefor when he came in, more than a was published complete early in April and the Life year afterwards. report early in October, the delay in the latter being The Department of this State is second in the explained by the enormous increase of detail in returns country in point of age, dating back nearly a half required under the new laws. This year the report century. It is supposed to have had as its original motive the desire to provide a place, and in fact the proper in both Fire and Life appeared in proof-sheet debauching touch of partisan politics has never been form a month ago, covering all figures of the latter quite absent from it. Its administration has had only except the detailed statements of each company, the a short term of noticeable ability, being in general text of comment and recommendation occupying 63 rather perfunctory, and at one time the incumbent pages. The detail called for, by the way, has so in was so much engrossed with other matters that the creased that the report has grown from the three annual report was delayed until late in the summer, and volumes of recent years to five in 1907 and in th s was then submitted without text. Naturally, some year. On the score of industry, hard work and faithful defects gathered in it in this long term, but in seeking intentions, all evidence is in favor of the present in to make out inefficiency against Mr. Kelsey the great cumbent. Whatever his merits, however, or the demerits of charge is that he has not “ reorganized” the Depart ment. He came in, however, with no experience of the onslaught upon him, we might not deem the case the subject, as his predecessors did, and now their worth special attention in the “ Chronicle” if it con sins are imputed to him. There was probably no time cerned only the treatment of one man. But it does prior to the investigation of 1905, now says Gov. not stop there; it involves the larger question of the Hughes, when the Department could not have made treatment of insurance by the State. Displacing an imposing report of its difficulties and burdens. Mr. Kelsey implies at least a long step towards what Perhaps so, for anybody can tell a tale of trouble; and one Senator at Albany, last summer, called having a he adds, “ but in that investigation it also appeared Superintendent with brass knuckles, who would take that if its energy had been well directed and the the companies by the neck and ram the new laws down Department had been efficient in the true sense, their throats. We shall not stop now to argue that most of the scandals which were revealed could not supervision as it exists has widely departed from the have existed.” Suppose that be so, what bearing sounder original theory and has developed into a :{74 THE CHRONICLE. monstrous burden; but the question must be met and decided whether a huge batch of new laws, interfering and regulative in a degree never before proposed, of very doubtful constitutionality in a number of provi sions, and already shown to be unbearable in some particulars which the Legislature is now asked to change, are to be interpreted with literal harshness and in a punitive spirit. Texas and Wisconsin sought to conciliate retiring companies by offering liberal reading and gentle enforcement of new laws, and a like assur ance is indicated in case of some Federal statutes. Possibly .the brass-knuckles manner might prove the speediest way of re-action from statutes which are in tolerable, and yet the country needs rest. It may well shrink fromVfurther pounding under pretense of exorcising demons. And after all is said, we might well be startled by lecognizing the fact that custom has blunted our sensi bilities until we are scarcely moved by the practical certainty that the issue which Gov. Hughes has again raised will be decided,'as it was decided last year, not by the merits of his recommendation and the professed regard for the public interests, but as a struggle in personal politics, which is made more bitter by the pi'esent strife for the nomination in June next. THE TRUST COMPANIES IN NEW YORK AND ELSEWHERE. The trust companies were exposed to full fury of the financial gale which broke over the country last fuittmn, and had to bear the brunt of the terrific onslaught directed against the banking world generally. y or these reasons the returns of these institutions which we give to-day on subsequent pages possess a special value and interest. Following a practice be gun by us six years ago and continued annually since then, we devote no less than fourteen pages (see pages 387 to 400) to a presentation of the returns of the trust companies of this city (Manhattan and Brooklyn boroughs) and also those in Boston, Philadelphia and St. Louis. We give the figures for all the separate companies in the cities referred to. In the case of the companies at this centre the data have been ob tained from the reports required to be made to the State Superintendent of Banking at Albany. In the case of the companies in Boston, Philadelphia and St. Louis the figures are our own, we having in each instance made direct application for them to the companies themselves, though in a few instances where our request has met with no response we have had recourse to published statements made in re sponse to a call from the public authorities. A study of these comparative figures given at such great length will indicate how each company has fared in the troublous times experienced since we printed simi lar tables twelve months ago. The reader need not be told that the results on this occasion are totally different from those disclosed in our former reviews. Previously the record had been one of large, almost phenomenal, growth, until it seemed as if there was to be no limit to the devel opment of that class of financial institutions — an entirely modern creation; apparently they were destined to outstrip all other finan cial organizations performing banking or semi-banking functions. This growth has now been interrupted. We use the word “ interrupted" because we are not [VOL. LXXXVI. among tnose wno believe that these companies, treat ing them as a class, have been permanently maimed, or that hereafter their field of usefulness is to be nar rowed in any degree. A few of the companies— a very few— have succumbed, those in this city being the Knickerbocker Trust, the Williamsburgh Trust and the Jenkins Trust, and this has entailed the hardship to depositors that always attends the suspension of a banking concern of any kind. We do not imagine, however, that confidence in the trust companies as a whole will be found to have been seriously disturbed when recent events are well behind us and time has elapsed for the taking of a careful reckoning. Whether depositors in the suspended institutions will eventually sustain any real or substantial loss cannot of course at this time be stated, but this much can be said: suspensions among trust companies, notwithstand ing the prominence given to those which happened in New York, have certainly been much less numerous than among the banks. This in itself proves nothing as concerns the relative stability of the two classes of institutions, but at least it has a bearing on the ques tion as to whether public confidence in the same is to be maintained. While the trust company is a wholly modern creation, it had up to the time of the occur rences last October and November enjoyed remarkable immunity from disaster— so much so that trust com pany embarrassment had become almost unknown and was treated by many as if out of the question. This extreme optimism with reference to these or ganizations is seen to have been unwarranted, but hardly a stronger inference than that would seem justified from recent events. In the financial cataclysm of the autumn the trust companies were subjected to a strain such as no other class of financial institutions has probably ever been called upon to bear; and the returns we present to-day give evidence in every item of this strain and of the severely trying ordeal through which the institutions have passed. But having stood this test and only a relatively few of the institutions having succumbed under the strain, must we not assume that this fact will be recognized and proper weight given to it by the patrons of banking institutions? It is only two weeks ago since we saw a whole row of banks in this city go down after they had been carried along by the Clearing House for over three months. In face of such a happening, no one can with propriety point the finger of scorn at the trust companies. The extent to which the trust companies have suffered is shown by the way their deposits have fallen off. A shrinkage in the deposits, and a large one at that, would have been inevitable in such a period as that which overwhelmed the whole banking and financial world. At such a juncture depositors have need for their funds both to protect themselves and to extend aid to those less fortunately situated, and hence withdrawals naturally follow. In the present instance, in addition to this natural and normal cause for a diminution in deposits, the trust companies sud denly became the cynosure of all eyes. A very large company in this city— one of the very few that still retained Clearing House privileges— received notice late on a Monday afternoon from its clearing agent that after the next day this clearing agent would no longer act for it. Developments the previous week with reference to certain banks in this city had made F e b . 15 1908, J T H E CHRONTCLE. the public suspicious and under the announcement referred to this unfortunate trust company was the following day subjected to a run, and after paying to clamorous depositors the not insignificant sum of $8,000,000, closed its doors, owing to its inability to convert its remaining assets into cash. Immediately attention was directed to other trust companies and a number of these likewise suffered “ runs.” The banks had always contended that the trust companies were not holding large enough cash reserves, and now came the time when great prominence was given to this feature. Deposits were drawn out in enormous amounts not alone from the institutions never noted for conservative management, but from the oldest and strongest institutions— those concerning which there could not be the slightest ground for sus picion. Many depositors had undoubtedly been scared by the talk about insufficient reserves and pro ceeded to draw out their deposits. No banking con cern of any size can pay out the whole of its deposits all at once, and if under the distrust thus engendered general disaster for the trust companies had resulted, it would have been no surprise. But the fact of the matter is that, with the exception of the three insti tutions already referred to— namely the Knicker bocker Trust, the Williamsburgh Trust and the Jen kins Trust— the trust companies successfully weathered the storm. And this is a feature that will always stand in their favor, that under the severest trials they showed soundness, strength and endurance. If now it should happen as the result of their recent ex perience that they should hold somewhat larger cash reserves— we do not mean reserves of the magnitude of those required of the banks, but reserves propor tioned to the character of their business— will they not be in a position to command public support as never before? A few figures to show the extent to which individual trust companies in this city have suffered will be useful at this juncture. The Trust Company of America having been the scene of an unparalleled run has nat urally sustained the largest falling off in deposits. Comparing figures for Aug. 22 1907 with those for Jan. 1 1908, this company’s deposits have dropped from $64,125,000 to $20,705,636, a loss of no less than $43,419,364. The Lincoln Trust Co., as will be recalled, was also subjected to a severe run. Its deposits are down from $22,400,961 to $6,483,067, a loss of $15,917,894. The Morton Trust Co., we may suppose, suffered by reason of Mr. Ryan’s connection with it. Its deposits have fallen from $40,510,828 to $22,166,365, a decrease of $18,344,463. Yet com panies like the United States Trust, the Central Trust, the Union Trust, the Farmers’ Loan & Trust, the Guaranty Truest, the New York Life Insurance & Trust and the New York Trust have also sustained larger or smaller reductions, though the ratio of loss has varied more or less. The ratio is an important item to con sider in comparisons of this kind; amount alone is hardly a sufficient guide, since very naturally the loss is proportioned to the size of the deposits. As a matter of record we print here the following comparative statement, showing both the amount and percentage of decrease between Aug. 22 1907 and Jan. 1 1908 for all the trust companies in the Boroughs of Man hattan and Brooklyn. The figures in this form re cently appeared in a little cardboard circular issued 375 by the firm of Moffat & White and which we have checked up and found correct. It is rather note worthy that the Farmers’ Loan & Trust Co., which held first position for amount of deposits in its August statement, still holds first position in the January statement, notwithstanding the decrease in deposits in the interval. A G G R E G A T E D E P O S IT S O F T R U S T C O M P A N IE S . Borough of Manhattan— A ug. 22 ’07. Jan. 1 '08. Decrease. Astor Trust C o____________________ $8,965,748 $8,103,748 $862,000 Bankers’ Trust C o------------------------- 2 3,861,609 20,240,194 3,621,415 Bowling Green Trust C o--------------- 16,233,620 11,209,037 5,024,592 Broadway Trust C o-------------------- 3,932,751 2,340,822 1,591,929 Carnegie Trust C o------------------------- 7 ,923,242 6,528,512 1,394,730 Central Trust C o__________________42,137,583 3 3 ,961,798 8,175,785 4,70 0 ,1 0 3 2,074,239 Columbia Trust C o______________ 6,774,342 Commercial Trust C o...................... 3,876,981 2 ,948,586 928,395 6 .304,847 2,594,097 Empire Trust C o_________________ 8 ,898,944 Equitable Trust C o_______________ 17.3S1.125 9 ,715,776 7,665,349 Farmers’ Loan & Trust Co______ 81,702,513 58,497,300 23,205,213 Fidelity Trust C o_________________ 3 ,028,405 3,016,254 12,151 Fifth Avenue Trust Co___________ 17,532,799 10,413,911 7 ,118,888 Fulton Trust C o__________________ 7,423,431 6,047,183 1,376,248 Guaranty Trust C o_______________41,996,504 28,659,991 13,336,513 3,315,281 869,978 Guardian Trust C o______________ 4,185,259 Hudson Trust C o_________________ 2,066,177 1,172,076 S94.101 Itallan-Amerlcan Trust C o -------- 1,569,289 909,024 660,265 Lawyers’ Title Ins. & Trust C o . 8,524,053 5,511,071 3,012,982 Lincoln Trust C o_________________ 22,400,961 6,483,067 15,917,894 Manhattan Trust Co--------------------- 10,975,959 9,327,742 1,648,217 Mercantile Trust Co_____________ 35,119,134 23,277,232 11,841,902 7,982,915 Metropolitan Trust C o . . . ............. 23,747,753 15,764,838 Morton Trust C o_________________ 40,510,828 22,166,365 18,344,463 Mutual Alliance Trust C o------------ 5,763,504 3,651,794 2,111,710 N . Y . Life Ins. & Trust Co______ 33,782,458 24,680,913 9,101,545 New York Trust C o.......... ...............33,517,363 27,862,835 5,654,528 12,384,260 7,691,641 5,192,619 Standard Trust Co_________ Title Guarantee & Trust Co______ 28,495,983 21,574,527 6,921,456 Trust Co. of Am erica.................... 64,125,000 20,705,636 43,419,364 Union Trust Co........ ............... 48,231,646 44,169-,765 4,061,881 U . S. Mortgage & Trust Co______ 30,982,565 20,096,259 10,886,306 United States Trust C o___________ 59,394,162 47,302,954 12,091,208 Van Norden Trust C o . . , ............... 8 ,101,353 5,623,759 2,477,594 Washington Trust C o____________ 9,798,343 7 ,415,010 2,383,333 W indsor Trust Co________________ 11,162,538 7,773,031 3,389,507 Borough of Brooklyn— 3,735,326 Brooklyn Trust C o_______________15,363,638 11,628,312 Citizens’ Trust C o . . ...........'______ 1,592,399 1,035,792 556,607 2,541,373 563,037 Flatbush Trust Co_______________ 3,104,410 Franklin Trust Co..............................10,929,964 7,57 9 ,0 3 7 3,350,927 H am ilton Trust C o______________ 6 ,734,734 5 ,490,953 1,243,781 1,638,373 998,604 H om e Trust C o__________________ 2,636,977 Kings County Trust C o_________ 12,346,327 10.120.6S6 2,225,641 Long Island Loan & Trust C o -- 7,055,371 6,489,355 566,016 8,290,232 5,329,615 2,960,617 Nassau Trust C o..................... People’s Trust Co________________ 14,946,705 13,651,463 1,295,242 Borough of Queens— 4 51 ,673 Queens County Trust Co............... 1,934,491 1,482,818 70 9 .6 1 5 .2 31 .0 4 0 .5 17.6 19.4 30 .6 2 3 .9 2 9 .2 44 1 28 .4 0 .4 4 0 .6 18.5 3 1 .8 2 0 .8 4 3 .3 42.1 3 5 .3 71 .1 1 5 .0 3 3 .7 3 3 .6 4 5 .3 3 6 .6 2 0 .9 1 6 .9 4 0 .3 2 4 .3 6 7 .7 8 .4 3 5 .1 2 0 .4 30 .6 2 4 .3 3 0 .4 2 4 .3 35 .0 18.1 3 0 .7 18 .5 37 .9 18.0^ 3 5 .7 8 .7 2 3 .3 Dealing now with the grand aggregates for the whole State of New York, as is our custom, the reader will be prepared for a very large falling off in the totals, seeing how considerable has been the contraction by the separate companies. It appears that on Jan. 1 1908 the aggregate deposits of all the trust companies in this State were only $732,278,460, against $1,084, 376,517 on Jan. 1 1907, $1,055,128,422 Jan. 1 1906 and $1,127,627,100 Jan. 1 1905. The loss as com pared with a year ago, it will be seen, is over $352, 000,000, of which $72,000,000 is accounted for b the three trust companies in this city which sus pended. It will be noted that once before— in 1905— there was a shrinkage in the deposits, the most of which, however, was regained the very next year. This previous shrinkage was due to an entirely dif ferent cause, namely that the life insurance com panies, which had been keeping enormous amounts of cash with some of the trust companies, had heavily reduced their deposits following the insurance inves tigation; and, secondly, that, owing to the high inter est rates which money had been commanding, many individual depositors withdrew their money from the trust companies, where they had been getting a low rate of interest, and invested the same elsewhere at more remunerative figures. The following little table compares present deposits for the trust companies of this State with corresponding figures for previous years since 1898. It will be noted that, under the loss now disclosed, the aggregate is smaller than in any year since 1901— that is, the companies as a whole are now back to where they were over six years ago. AGGREGATE Jan. Jan . Jan . Jan . J u ly Jan. 1 1 1 1 1 1 J u ly 1 D E P O S IT S O F T H E N E W Y O R K S T A T E T R U S . C O M P A N IE S . 1 9 0 8 ____________$ 7 3 2 ,2 7 8 ,4 6 0 M an. 1 1 9 0 3 ................. .. $ 8 2 3 ,7 9 7 ,8 5 7 1 9 0 7 _____________ 1 ,0 8 4 ,3 7 6 ,5 1 7 |J u ly 1 1 9 0 2 ------------------ 8 87 ,n m ,689 1 9 0 6 _____________ 1 ,0 5 5 ,1 2 8 ,4 2 2 M an. 1 1 9 0 2 ------------------ 792 ,9 > 1 ,7 2 4 1 9 0 5 ___________ 1 ,1 2 7 ,6 2 7 , lO O lJ an . 1 1 9 0 1 . . ............ .. 638 ,121 ,77 1 1 9 0 4 _____________ 9 7 8 ,4 0 5 ,8 1 7 M an. 1 1 9 0 0 ____________ 5 2 3 ,5 4 1 ,5 7 0 1 90 4_____________ 8 0 7 ,162 .57 1 M an. 1 1 3 9 9 ------------------- 4 0 7 ,1 3 4 ,2 5 8 1 9 0 3 _____________ 914 ,7 6 9 ,8 7 1 M an. 1 1 8 9 8 .................... 3 8 3 ,3 2 8 ,7 2 376 TH E CHRONICLE. A comparison of the aggregate resources of the trust companies shows results much the same as in the case of the deposits, only that we have much larger figures to deal with. It is significant of the magnitude of the business of these institutions, and their importance in the financial world, that even after a reduction of over $352,000,000 during the last twelve months, their aggregate resources still exceed 1,000 million dollars— the exact total of the resources for Jan. 1 1908 being $1,012,747,930, against $1,365,245,430 Jan. 1 1907. Large though the aggregate still remains, however, the present amount is the smallest of any year since 1902, as will be seen by the following: A G G R E G A T E R E S O U R C E S OF T H E T R U S T C O M P A N IE S OF N E W YO R K STATE. Jan. 1 190 8 ----------------$1,012,7 4 7 ,9 3 0 |Jan. 1 190 3 ___________ 51,039 956 625 Jan. 1 1 9 0 7 ----------------1 ,3 65,245,430 |July 1 190 2 _____________4,078 2 1 2 ’ 685 Jan. 1 190 6 ------------------ l ,312,799,130 |Jan. 1 1902_____________ 969,3931644 Jan. 1 190 5 ____________1,364,018,157 Jan. 11901------------------ 797,983,513 July 1 1 9 0 4 ____________1,208,450,930 Jan. 1190 0 ------------------ 672,190,672 Jan. 1 190 4 ____________1,042,413,409 Jan. 11899------------------ 579,205,442 July 1 190 3 ____________1,146,370,755 Jan. 11898------------------ 483,739 ,926 [V O L . L X X X Y I . owing to the high interest rates prevailing, which had made it more profitable for the companies to loan their surplus cash out directly than to keep it on deposit with the banks, where it earned only, say, 2 % . This explains why, July 1 1904, aggregate cash on hand and on deposit was as high as $262,247,178 and dropped by Jan. 1 1906 to $149,787,595. C ASH O N H A N D A N D O N D E P O S IT B Y N E W Y O R K S T A T E C O M P A N IE S. 1008............... ...$ 1 5 4 ,1 3 9 ,3 1 3 |Jan. $138,659,889 , 1 1003............. 1907____________ 190,832,255 July 1 1902------------------ 128,978,387 149,787,595 Jan. 1 190 2 ------------------ 121,045,797 1906................... 1 0 0 5 . . .................. 213,367,788 Jan. 1 1901------------------ 105,702,416 1904____________ 262,247,178 Jan. 1 190 0 -----------------81,366,288 1904____________ 152,286,383 Jan. 1 189 9 ____________ 71,734 621 1903____________ 147,097,316 Jan. 1 189 8 -----------------5 5 ! o34!451 Jan. Jan. Jan. Jan. July Jan. July 1 The other items of investments, such as holdings of real estate bonds and mortgages, and loans on per sonal security, call for no special mention. Accord ingly we merely annex the following comparative figures, showing the course of these items. Jan. H O L D IN G S O F B O N D S A N D M O R T G A G E S . 1908 . ....................... $80,759,054 Jan. 1 1903-------------------- $52,385,360 1 190 2 ............. 49,325,064 1907_____________ 85,931,170 July In meeting the extraordinary call upon their re Jan. 1 9 0 6 _____________ 89,217,919 Jan. Jan. 1 1902-------------------- 45,483,010 1905_______ 64,549,929 Jan. 1 190 1 -------40,730,576 Jan. sources to which they were subjected, which of their July 1904_______ 61,224,759 Jan. 1 190 0 -------------------- 38,143,145 1904_____________ 59,534,679 Jan. 1 1899-------------------- 34,855,023 Jan. assets did the companies chiefly realize upon? Natur July 1903_____________ 55,370,426 Jan. 1 1 8 9 8 ................... 32,624,995 L O A N S ON P E R S O N A L S E C U R IT Y B Y N E W Y O R K C O M P A N IE S . ally they disposed of those most readily convertible. Jan. 1908______________ $69,083,552 Jan. 1 1903---------------------$42,233,160 Jan. 48,523,129 1 9 0 7 . . . .............. 84,220,554 July 1 1 902 . .............. They called in their outstanding loans on collateral. Jan. 190 6 _____________ 75,407,431 Jan. 1 1902-------------------- 41,907.300 Jan. 1905_______ 72,346,979 Jan. 1 190 1 _____________ 39,840,066 1 190 0 _______________31,101,271 As compared with twelve months ago, the aggregate July 1904_______________ 71,611,198 Jan. Jan. 190 4 _____________ 56,710,963 Jan. 1 1899_____________ 29,930,376 of these loans has been reduced over $251,000,000, July 1 9 0 3 _____________ 53,060,425 |Jan. 1 1898_____________ 31,183,292 T R U ST C O M PAN IES A T O T H E R PO IN TS. and the item is now smaller than at any time since In the case of the trust companies outside of this 1901, as will appear quite clearly from the following State no such comprehensive comparisons as those comparative figures: L O A N S O N C O L L A T E R A L S B Y T R U S T C O M P A N IE S IN N E W Y O R K just made are possible. As noted in previous reviews, Jan. 1 1908____________ $405,844,757 |Jari. 1 1 003____________ $554,961,229 our summaries for the other centres covered by our Jan. 1 1007____________ 657,286,751 |July 1 1902------------------- 603,436,621 Jan. 1 1906____________ 6 5 6 ,9 4 5 ,3 0 2 1Jan. 1 1902------------------ 540,208 706 tables, namely Philadelphia, Boston and St. Louis, Jan. 1 1005____________ 6 8 1 ,4 4 9 ,7 1 5 1Jan. 1 1901________ _ . 387,911 4 1 5 July 1 1004____________ 5 0 0 ,1 0 6 ,6 4 6 1Jan. 1 1900____________ 328 143’ 588 Jan. 1 1904____________ 5 1 0 ,9 2 8 ,6 2 6 1Jan. 11 8 9 9 .____ 283,4021822 are such as we have been able to prepare ourselves and July 1 1903------------------ 6 2 6 ,G94,833 |Jan. 1 1 898------------------- 230,581,708 The so-called stock investments, representing se necessarily are limited to a few leading items. Nor curity holdings, shows a much smaller reduction, both are the returns in those instances cast on uniform proportionately and absolutely, than might be sup lines, nearly every company having its own distinct method of classification, making general footings out posed. One reason for this doubtless is that, at the of the question except as regards those few common time of the panic, no one was in position to buy securi things treated alike by all and which have a definite ties, even of high-grade character, and prices dropped established meaning, such as capital, surplus and so low that no considerable body of securities could profits, and deposits. have been disposed of except at a great sacrifice. For None of these outside points show such heavy pro Jan. 1 1908 the stock investments stand at $259,846, portionate losses as the institutions at this centre, one 213, which compares with $300,751,163 Jan. 1 1907, reason being that they were not subjected to quite the a decrease of not quite 41 million dollars, or less than same strain, and yet they all have suffered a very 14%. In the case of the loans on collateral, the shrink considerable shrinkage, which was to be expected, see age has been over 38%. The present total of the stock ing that the financial disturbances were of such a nature as to shake to the very foundation the banking investments remains larger than at any date prior to system of the whole country. In Boston no trust July 1 1904. company was forced to go out of business during the S T O C K IN V E S T M E N T S O F T R U S T C O M P A N IE S. Jan. 11908_________ $259,846,213 Jan. I 1903-------------------$219,378,946 panic; indeed three new companies of small size were Jan. 11907____________ 300,751,163 July 11902------------------ 218,806,131 Jan. 11906____________ 300,223 ,870 Jan. I 1902------------------ 190,822,966 organized during the last six months of 1907, increas Jan. 11905____________ 295,663,164 Jan. 11901------------------ 196,852,582 July 1 1904_____________ 2 7 6 ,0 2 4 ,9 1 2 ' Jan. I 1900. ................. 168,195 642 ing the aggregate number by that figure. Neverthe Jan. 1 1904_________ 2 2 5 ,3 8 6 ,0 5 5 1Jan. 1 1899____________ 136,561 066 July 1 1903____________ 230,698 ,386 (Jan. 1 1 8 9 8 ________ 113,525,798 less aggregate deposits of all the trust companies Cash holdings have, of course, been drawn down, Dec. 31 1907 were only $125,254,672, against $145, but not to the extent that might be supposed, consid 253,769 June 30 1907 and $158,213,825 Dec. 31 1906. ering the extreme monetary tension that prevailed up The loss for the twelve months, it will be seen, has to the very close of the year. Of specie and legal ten been, roughly, 33 million dollars, or somewhat over ders in their own vaults, the trust companies Jan. 1 20%. The ratio of falling off for the New York State 1908 held $47,830,348, against $55,537,002 Jan. 1 companies, as we have already seen (including the 1907, but only $24,817,055 on Jan. 1 1906, which loss due to the failed companies), was about 3 2 ^ % . latter was before the new law went into effect respect In the following we show the Boston summaries back ing the reserves of the trust companies. Deposits to Dec. 31 1900. with the banks and with reserve agents were, of course, also drawn down, but here, too, the contraction has been smaller than might have been looked for. Alto gether, the trust companies had cash on hand and on deposit with banks aggregating $154,139,313 Jan. 1 1908, against $199,832,255 Jan. 1 1907. It is to be observed, however, that trust company deposits with the banks had previously been very greatly reduced, Boston. D e c. 31 1900 Jun e 30 1901 D e c. 31 1901 Ju n e 30 1002 D e c. 31 1902 Ju n e 30 1903 D e c. 31 1903 Ju n e 30 1904 D e c. 31 1904 Ju n e 30 1905 D e c. 31 1905 Jun e 30 1906 D e c. 31 1906 Ju n e 30 1907 D e c . 31 1907 (16 (16 (16 (17 (18 (19 (19 (18 (19 (18 (19 (16 (16 (16 (19 Capital. $ c o s . ) ____ 8 ,4 5 0 ,0 0 0 c o s . ) ____ 8 ,4 5 0 ,0 0 0 c o s . ) ____ 9 ,0 0 0 ,0 0 0 c o s . ) ____ 1 0 ,100,000 c o s . ) ____ 1 1,100,000 c o s .) _____11,600,000 c o s . ) _____12,100,000 c o s . ) _____12,000,000 c o s .) _____12 ,5 0 0 ,0 0 0 c o s . ) _____12,000,000 c o s .) _____12,500,000 c o s . ) _____10,600,000 c o s .) _____11,100,000 c o s . ) _____11,100,000 c o s .) ____ 11,750,000 Surplus & Profits. $ 10,28 5 ,6 5 9 11,257,704 12,294,798 1 4 ,141,093 1 5 ,779,627 1 7 ,174,430 18,029,264 1 9 ,331,879 19,702,108 2 0 ,4 4 7 ,7 7 7 2 0 ,8 4 1 ,5 0 2 2 0 ,7 1 1 ,1 4 8 22 ,5 5 1 ,4 0 0 23 ,0 8 1 ,1 4 8 2 3 ,6 9 0 ,7 4 0 Deposits. $ 89,46 1 ,0 4 4 105 ,948,269 107,901 ,78 2 120,056 ,88 8 116,264 ,79 0 117.719,328 112 ,281 ,25 7 122,257 ,20 4 139,851 ,20 8 142,551 ,78 3 1 4 8 ,033 ,19 7 1 45 .681 ,50 9 158 ,2 1 3 ,8 2 5 1 45 ,253 ,76 9 125 ,254 .67 2 Aaareoate Uesources. $ 108 106 703 1 2 5 ,655 ,97 3 120 ,286 ,58 0 144 297,981 143 ,144,417 146,493 ,75 8 143,010,521 153,589 ,17 3 1 72 ,053 ,31 6 1 75 ,058 ,02 2 181,397 ,83 3 1 77 ,014 ,06 7 191,885 ,06 2 1 79 ,434 .91 5 160,704 ,41 3 Philadelphia may be said to have fared best of all. At that point, too, all the trust companies passed safely through the panic, and as seven new companies were organized during the year, and only one small company went out of existence, the aggregate number of trust companies Dec. 31 1907 was 58, against only 52 twelve months before. However, aggregate de posits now at $169,669,224 contrast with $193,283, 134 Dec. 31 1906 and still larger totals in the periods immediately preceding. If wo compare with the max imum of $215,524,448 reached June 30 1906, the loss is, roughly, 46 million dollars, or 21%. . Capital. D c c f l u VlJOlMlO .Tunc 30 1001 (41 D e c. 3 1 1 0 0 1 (41 Ju n e 30 1902 (41 D e c . 31 1002 (41 Ju n e 30 1003 (43 D e c. 31 1903 (43 Ju n e 30 1004 (42 D e c . 31 1004 (43 Ju n e 30 1905 (42 D ec 31 1005 (44 Ju n e 30 1906 (47 D ec. 31 1906 (52 Ju n e 30 1907 (56 D ec^ 31 1907 (58 377 TH E CHRONICLE F e b . 1 5 1 9 US. I Surplus & Profits. c o s . ) ____ 2 8 ,3 0 9 ,0 6 5 27,826,041 c o s . ) ____ 3 0 ,0 1 5 ,1 1 7 20,6 8 6 ,8 4 6 c o s . ) ------ .31,927,006 3 3 ,8 8 5 ,8 5 7 c o s . ) _____ 3 2 ,6 3 3 ,2 3 0 3 5 ,3 0 5 ,5 0 6 c o s . ) ______3 3 ,1 4 2 ,2 3 3 3 7 ,5 1 4 ,3 2 9 c o s . ) ______3 4 ,1 4 5 ,4 8 5 38,1 0 6 ,0 0 1 COS.)______3 4 ,3 2 0 ,3 3 7 3 0 ,6 5 4 ,8 7 7 c o s . ) ______3 4 ,2 8 4 ,9 0 0 4 0 ,6 8 4 ,1 5 8 c o s . ) _____ 3 4 ,8 0 0 ,9 8 0 4 2 ,3 4 4 ,7 3 3 COS.)_____ 3 4 ,7 0 3 ,7 4 0 4 5 ,1 9 6 ,1 0 1 c o s .) 3 5 ,3 1 2 ,3 6 3 4 5 ,5 0 4 ,2 0 8 COS.) ^ ..3 6 ,1 4 0 ,9 8 7 4 8 ,7 4 0 ,6 7 9 COS.)______3 6 ,9 3 1 ,0 6 3 4 9 ,5 0 0 ,0 1 8 cos.) _ .3 8 ,2 1 1 ,4 4 5 5 0 ,7 4 8 ,3 7 5 c o s .) ______3 8 :7 2 7 ,9 0 9 50,8 4 0 ,2 4 4 Deposits. Aggregate Resources. 1 3 6 ,490 ,31 2 1 5 1 ,200 ,73 4 1 4 0 ,137 ,38 6 163 ,174 ,46 3 153 ,151 ,35 5 1 7 1 ,300 ,40 9 161 ,2 3 1 ,1 5 2 1 7 5 ,366 ,06 2 2 02 ,805 ,98 6 2 1 5 ,407 ,80 8 2 09 ,213 ,06 7 21 5 ,5 2 4 ,4 4 8 1 93 ,283 ,13 4 101 ,126 ,25 1 1 69 ,660 ,22 4 106 ,4 9 8 ,6 1 8 2 14 ,735 ,80 7 2 18 ,660 ,24 9 2 3 4 .8 0 2 ,OoO 2 27 ,480 ,11 7 247 ,3 6 7 ,4 0 0 23(^ 817,566 2 0 3 ,8 0 7 ,2 .0 2 83 ,503 ,29 9 29 9 ,1 0 3 ,4 3 7 2 9 3 ,1 7 7 ,J 3 o 3 0 3 ,2 0 8 ,9 1 2 2 86 ,232 ,60 0 286 ,228 ,12 1 20 5 ,1 5 0 ,7 7 8 In the case of St. Louis the number of companies is small and was diminished by one during the year, owing to the absorption of the Missouri Lincoln Trust Co. (which had a capital of 3 million dollars) by the Mercantile Trust Co. Altogether the eight companies had aggregate deposits Dec. 31 1907 of $66,329,762, against $71,375,803 for the same companies June 30 1907 and $74,512,832 for the nine companies on Dec. 31 1906. Here, too, a falling off had occurred prior to 1907, for on Dec. 31 1904 the five companies then in existence showed aggregate deposits of $78,706, 702. In the three years since then the falling off has been 12 1-3 million dollars, or about 15%. there is an increase in gross revenues over the twelve months of the calendar year 1906 in the extraordinary sum of $215,968,261. Had it not been for the losses in November and December, the increase would have been of still larger extent. Even as it is, 1907 for further growth ranks among the most noteworthy of that long series of years, extending back over a decade, all distinguished for large improvement. For 1906 our compilations, covering a somewhat smaller mileage, recorded an increase of $224,062,452, and that year showed the very largest gain both in amount and ratio of any for the decade; 1907 stands second only to that year. In the following we furnish a summary of the yearly totals back to 1896: Jan. 1 to D ec. 31. d Mileage. In- | Year , Year Given. 1Prcced cr'se. Year. Roads M iles, j Miles. 1896 1897 1898 1899 1900 1901 1902 1903 1904 1905 1906 1907 . . . .. . _ _ . . . 196 192 190 108 171 157 147 142 1 14S.910 147,710 154,930 153,1331 157,801 156,295 150,95S:i53,535 157,401 152,122 172.S79170,549 170,395:167,641 172.7S8ll69.203 179,668 176,492: 180,3981178.204 186,687 182,61l| 201,767 199.528 Gross Earnings. Year Given. Year Preceding. Increase ( + ) or Decrease (— ). S % S % | s 1% . . riL 0.81 879,022,029 877,303 1.17 974,466,753 919.970 |190 + 54,490.563 5.92 0.901 ,050,895,038 973.247 319 +77,647,719; 7.97 2.231 ,128,92s,910 ,027,612 ,030 +101,316 ,886 9.86 3.47 1,216,924,951 ,116,009 ,184 +100.915 ,767 9.04 1.301 ,495.915,400 ,352,897 ,605 +143,017, ,S0ll 10.57 1.64 1,542.725.832 ,449,841 ,005' +92.884, ,8271 6.46 2.12 1,755,67S,836i ,573,578 ,9S7i + lS2,039, ,84911.57 1.79 1,773,338.878 1,702,201 .391! +11,137 ,487! 0.03 1.101 ,907,424,202;1 .755.3S4 ,50S +152,039 ,0341 8.66 2.23 2 ,131,306,099,1 ,907,244 ,247i + 224,062 ,452 11.74 1.122 ,49l,429,83S2 .275,461 .577 +215,968 ,261 9.49 Note.— Neither the earnings of the Mexican roads nor the mining operations ol the anthracite coal roads are Included In this table. - - - _ The foregoing gives the figures for each year just as registered by our annual tables. The totals, it will be seen, are of enormous extent, particularly for recent years, the aggregate for 1907, for instance, reaching 2,491 million dollars and for 1906 2,275 million dollars. Nevertheless the figures do not cover the entire railroad system of the country. It has been impossible to make up or to procure figures for a few of the roads, and accordingly a small amount of mileage Aggregate Surplus & Deposits. Resources. Capital. Profits. (roughly about 10%) is unrepresented in our totals. S 5 St. Louis. $ 5 41,339,273 69,829,307 D ue. 31 1001 (6 c o s . ) _____ 13,4 2 5 ,6 0 0 14,471,934 We should judge that if we could have returns for the 55,481,552 98,928,319 Ju n e 30 1902 (9 COS.)_1 0 ,928,250 22,7 7 5 ,8 1 7 D ec. 31 1902 (9 c o s . ) 2 0 ,4 8 5 ,3 0 0 2 4 ,922,243 62,910,106 109,167,449 Ju n e 30 1903 (9 COS.)_2 0 ,5 0 0 ,0 0 0 26,1 0 8 ,1 6 2 69.991,934 117,487,496 missing mileage, the aggregate of the gain in the gross 62,563,117 107,454,100 D e c. 31 1003 (8 c o s .) ______1 9,000,000 24,9 1 5 ,4 8 3 60,020,340 101,980,359 earnings for the twelve months would be increased to Ju n e 30 1004 (6 c o s . ) ---------1 7,000,000 23,4 2 3 ,7 7 0 78,706,702 117,214,632 D ec. 31 1004 (5 c o s .) ---------16,0 0 0 ,0 0 0 22,5 0 7 ,9 3 0 Ju n e 30 1905 (6 c o s . ) 1 6,1 0 0 ,0 0 0 22,9 2 7 ,0 4 2 75,487,066 115,038,268 about $225,000,000. For 1906, it may be recalled, D ec. 31 1905 (6 c o s . ) 1 6 ,100,000 23,3 6 5 ,6 0 971,681,442 111,268,041 Ju n e 30 1906 (7 c o s . ) 1 6,200,000 23,2 7 1 ,9 7 4 71,104,069 111,327,084 we estimated the gain for the entire railroad system 74,512,832 115,189,586 D ec. 31 1906 (9 c o s . ) ______16,350,000 23,.>84,914 71,375,803 107,411 ,447 J u n e 30 1907 (8 c o s . ) ---------1 3 ,350,000 2 2 ,685,644 This makes an addition for these 66,329,762 107,028,169 at $250,000,000. D e c. 31 1907 (8 c o s . ) _____ 13,350,000 2 2 ,o 2 7 ,8 3 7 two years alone of $475,000,000. As a matter of fact, however, gains have been piling up, year by year, for RAILROAD GROSS EARNINGS FOR THE over a decade, as already stated. For 1905 we put CALENDAR YEAR 1907. Our compilations of the gross earnings of United the increase for the full mileage at $180,000,000, States railroads for the calendar year 1907 serve to and for 1904 (which was a poor year) at $10,000,000. show what a tremendous industry is being put in Previously we computed the gain for 1903 at $210, jeopardy through the reverses that have followed as 000,000; for 1902 at $105,000,000; for 1901 at $155, the result of the policy adverse to railroad interests 000,000; for 1900 at $120,000,000; for 1899 at $140, pursued by State and nation. The income returns of 000,000; for 1898 at $90,000,000, and for 1897 at $75, the railroads just now are making very unfavorable 000,000. Thus we get an improvement for the eleven comparisons; but it should be remembered that this years from 1896 to 1907 in the prodigious sum of $1, has been the condition only since the panic in October 560,000,000. From this record of unparalleled and and November. Previously continued growth in prodigious growth wo have now passed to the opposite traffic and revenues had been the feature, and it is extreme, where revenues are shrinking and where the this fact that stands out most conspicuously in a losses are proportioned to the extent of the previous review of the results for the calendar year. The tables gains. It is proper to state that the preponderating part we present show that the further gain in gross receipts of the $225,000,000 gain for the twelve months oc for the twelve months was of enormous magnitude, curred in the first half of the year; for in our review of notwithstanding the losses which came in the closing the results for the six months to June 30 we estimated months as a result of the circumstances already noted. the increase for that period at $140,000,000, leaving The change from these large gains to the extraordinary therefore a gain for the last six months of $85,000,000. losses now being reported marks the extent of the The improvement was continuous through all the calamity which has overtaken our railroad transporta months except December. The last few months of tion lines. the year, however, the increases gradually diminished, We have returns altogether from roads operating until in December there was an actual loss; the precise in the aggregate 201,767 miles of line. On this mileage 378 THE CHRONICLE. [V O L . I lX X X V I . extent of this we are not yet able to indicate, as re iron ore by water from the Lake Superior regions were turns for that month are still incomplete. We annex 41,292,350 tons in 1907, against 37,513,642 tons in a summary of the monthly totals: 1906 and 33,476,904 tons in 1905. All this tonnage MONTHLY GROSS EARNINGS. had first to be moved from the mines to the Upper Lake regions, and afterwards, on its arrival at the Increase ( + ) or 1907. 1906. Decrease (— ) Lower Lake ports, had to be transported to the iron Months. Roads S S S % making plants. January _______________________ 123 173.212.305 102,623.883 + 10,588,422 February .................. ..................... 122 162,283,992 152,555,191 + 9,728,801 6.51 0.05 As far as tonnage in the leading staples is concerned, M arch..... ..................... ............ .. 118 180,539,532 164,645,009 + 15,894,523 9.65 A p r il.............................................. 118 188,130,451 154,894.748 + 33,235,703 21.45 M a y ______ _____________________ 121 195.943.305 105,890,345 this was also generally heavier in 1907 than it had been +30,052,960 18.12 June ___________________ 121 1S3.125,657 161,235,109 + 21,890,548 13.59 J u ly______________ __________ 116 187,069,790 163,685,258 +23,384,532 14.2.8 in 1906. In the case of cotton, the gross shipments August...................... ................... 121 197.288,033 175,726,323 + 21,501.710 12.27 September............................ 118 192,548,022 175.505,039 + 17.042,983 9.71 overland in the two years were pretty nearly even, October________ _______ 120 213,697,727 196,843,678 + 16.S54.049 8.56 November ______ ________ . 120 189,988,564 184,197,391 + 5,791,173 3.14 being 1,422,572 bales for 1907 and 1,406,558 bales for December (partial returns)____ 01 69.070,466 72,163,205 — 3,092,739 4.28 1906; the receipts at the ports were 8,684,758 bales, against 8,597,139 bales. In both cases, however, the improvement was relatively small. This was due there was a loss in the last six months, the new crop to the fact that weather conditions in those months having been a late one. The shipments overland the in 1907 were unusually severe, whereas in the corre first six months had aggregated 953,606 bales, against sponding month of 1906 the winter had been one 639,914 bales, while the port receipts in these six of the mildest on record. In March not a few months were 3,629,445 bales, against 2,438,426 bales. of the roads suffered by reason of floods, particu The table which follows compares the port receipts larly in the Ohio Valley and the Middle States, the for the full twelve months. floods at Pittsburgh having been the worst ever ex RECEIPTS OF COTTON AT SOUTHERN PORTS FROM JANUARY 1 TO _________ DECEMBER 31 IN 1907, 1006. 1905. 1004s 1903 AND 1902. perienced. Nevertheless the improvement for that Full Year. month for the roads as a whole exceeded that of either 1907. , 1 9 0 0 . 1904. 1903. 1905. 1902. January or February, reflecting the improvement in Galveston_____ bales. 3,002,472 3,189,408 2,852,563 2,346,906 2,370,723 2,105,756 Arthur, &c_____ 167,922 151,159 280.511 155,739 158,359 126,255 weather conditions which occurred in the territory Port New Orleans______ 2,103,161 2,079,250 2.185,266 2,186,457 2,320,388 Mobile___________ 302,483 255,533 291,885 246,496 233,172 181,904 between Lake Superior and the North Pacific Coast. Pensacola, &c___ 170,802 178,360 175,859 148,284 159,617 175.649 Savannah ___________ 1,538,156 1.507,892 1,776,841 1,435,803 1,272,393 1,231,770 In April and some of the succeeding months comparison Brunswick_______ 196,403 171,431 185,220 159,540 140,449 128,858 Charleston.............. 198,416 150,600 198,197 18S.016 171,810 249,879 was with the period of the strikes and suspension of Georgetown______ 637 1,509 850 980 1,073 402 Wilmington____ 440,480 310,715 293,921 289,557 351,247 339,376 Norfolk_______ 583,959 555,235 855,589 585,024 502,984 483,069 work at the coal mines in 1906, causing unusual ratios Newport News, &c___ 37,792 33,784 22,136 20,822 20,640 40,215 of gain for these months with the absence of any such Total________ 8,684.758 8,597,139 9,024,470 7,762,499 7,508,933 7,383,602 disturbing conditions in 1907. What has been said relates entirely to the gross revenues. In the case of the net results the showing than in the preceding year, though this does not apply has been entirely different; here instead of large gains to every one of the cereals nor to all of the primary there are only very small gains in most instances, and markets. Combining wheat, corn, oats, barley and not infrequently actual losses. Considerable time rye> aggregate receipts at the Western primary mar must elapse before it will be possible to have reason kets for 52 weeks of 1907 were 719,697,438 bushels, ably complete figures of the net for 1907. The best against 6S6,319,773 bushels in 1906. More than the whole increase, however, occurred in the first 26 that can be done now is to furnish a rough indication weeks, when the deliveries reached 339,651,750 bush of the course of affairs in that regard. A table was els, against 283,933,868 bushels. The Western grain given in the “ Chronicle” of Jan. 25 1908 covering 87 movement in detail is shown in the following. roads for the eleven months ending Nov. 30 and this Jan. 1 to Wheat. Corn. Flour. Oats. Barley. Bye Dec. 23. (bdsh.) (bbls.) (bush.) (bush.) (bush.) (bush. showed that with $163,533,112 gain in gross, the addi Chicago— 1907____9.21(5,545 2,443.590 tion to the net had been only $4,754,679. The ex 1906___ . 9,021,330 28,138.457 98,501,399 89,786,199 20,703.008 Milwaukeeperience of the Pennsylvania Railroad may also be 1907___ . 2.S29.870 8,906,093 0,699,435 12,418,550 10,453,962 1.309.000 1906___ . 2,962,405 7,800,336 5,880,250 10,335,750 17,991,000 taken as typical of the railroad industry as a whole. St. Louis— 1907___ . 2,857,035 17.174,244 33,886,760 29, .802,000 2.958,415 420,802 1906___ . 2,380,707 17,272,257 29,907,945 27,582.770 2,808,300 On the roads directly operated East and West of Pitts 542,555 1907___ 4,914,500 7,377,400 5,037,.800 5,000 133,700 burgh the Pennsylvania added $24,683,700 to its 1906___ 000 4,009,450 7,058,200 8,814,560 4,140 232,140 gross earnings, but the net earnings actually fell off Detroit— 1907____. 16S.700 2,009,639 1,042,115 4,405,28S 1900____ 256.3S0 2,178,833 3,811,129 6,013,623 a trifle— $7,600. Cleveland— 1907____ 5,213,173 0,715,406 57,077 1,100.198 104,191 2,200 1906____ With reference to the year’s traffic influences, it 7,706,822 80,849 1,904,062 G,875,958 280,035 Peoria— 1907____ 832,808 may be said that these were very generally favorable 1,044,500 17,812,760 12,030,750 2,620.400 389,400 1906____ 1,178,550 1,192,250 15,083,300 18,279,300 3,018,500 371.900 until the closing months. Trade and industry in Diduth— 1907____ 2,024,040 53,990,245 201,714 3,736,272 8,087,604 674.077 1900____ 4,798,090 41,870,805 103,124 S,521,811 9,721,375 practically all branches continued in a state of great Minneapolis— 582,133 1907____ 0.122,545 19,410,380 IS,073,921 80,436,242 activity until about the beginning of November, 1906____ 3,881,900 23,102,980 10,889.118 81,016,770 Kansas Clin— when the crisis which then occurred brought a serious 1907____ 6,320,900 33,047,000 13,110,000 1906____ 5,549,200 36,500,000 14,728,400 revulsion. As illustrations of the way traffic was Total of All1907____ 18.5S6.075 233.135,627 219,586,024 192,230,373 66,891,100 added to in various directions, we may note that the 1906____ 20,684.971 222,549,330 188,100,189 203,490,551 65,422,076 shipments of coal and coke originating on the Pennsyl vania Railroad lines East of Pittsburgh and Erie for those of 1906, the comparison being 279,836,479 the calendar year 1907 were 58,457,932 tons, as against bushels, against 289,148,931 bushels. In this case only 49,711,088 tons in 1906. Of this increase 1,111 ;- there appears to have been an increase the last six 965 tons was in the shipments of anthracite. Includ months, since the loss for the full 52 weeks is smaller ing the other anthracite carriers the total anthracite than it had been for the first 26 weeks, when the sta shipments to market in 1907 Were 67,109,393 tons, tistics showed receipts of only 132,929,003 bushels, against 55,698,595 tons in 1906. The shipments of against 153,043,583 bushels. 379 TH E CHRONICLE F eb . 15 1908, GRAIN AND FLOUR RECEIPTS AT SEABOARD FOR 52 W EEKS. 1905. 14,353,049 1904. 16,928,200 1903. 21,992,591 W h e a t...bush.130,795,240 107,716,156 C o r n ... 88,236,754 06,472,906 O a t s ... 53,480,594 77,231,982 6,158,005 Barley ................ 4,853,480 Rye.... 2,464,411 1,569,882 51,669,067 112,906,317 72,850,536 14,038,883 1,465,366 41,956,486 58,447,508 47,039,939 8,686,654 1,182,172 103,500,129 99,712,989 53,090,153 4,890,810 4,011,149 252,930,169 157.912.779 205,205.230 Total grain..279,S36,479 289,148,931 The live-stock movement in the West also appears to have exceeded that of 1906 except in the item of sheep. Taking the five leading live-stock markets together, namely Kansas City, Chicago, Omaha, St. Louis and St. Joseph, the receipts of cattle were 9,319,254 head, against 9,071,949 head; of hogs, 16,278,342 head, against 16,109,929, and of sheep, 9,149,454, against 9,954,962. In the case of the separate roads or systems, the record of improvement in gross earnings is just as striking as for the roads as a whole— that is, the gains are of really phenomenal extent. Moreover, these gains come from all classes of roads and from all sections of the country. Typical illustrations are the Pennsylvania (lines directly operated East and West), $24,683,700 increase; Southern Pacific, $18, 317,285 increase; Atchison, $10,161,145; Union Pacific, $9,405,665; Rock Island, $8,291,191; St. Louis & San Francisco, $7,295,768; Canadian Pacific, $7,886,289; Northern Pacific, $7,190,060; New York Central, $6,623,400. In the following we show all changes for the separate roads for amounts in excess of $250, 000. It will be observed that there is only one road with a loss exceeding that amount, and we may add that there are only 14 decreases of any kind out of the 140 roads reporting. P R IN C IP A L C H A N G E S IN GROSS E A R N IN G S Increases. P e n n s y lv a n ia (2 r o a d s ) . $ d 2 4 , 0 8 3 ,7 0 0 S o u t h e r n P a c i f i c . ________ 1 8 ,3 1 7 ,2 8 5 A teh T o p e k a & San F e . 1 0 ,1 6 1 ,1 4 5 U n i o n P a c i f i c _____________ 9 ,4 0 5 ,6 6 5 R o c k I s l a n d . . ............ ........ 8 ,2 0 1 ,1 9 1 C a n a d i a n P a c i f i c ............... 7 ,8 8 0 ,2 8 9 - 7 , 5 0 7 ,2 3 0 • C h ic B u r l & Q u i n c y _____ S t L o u i s fc S a n F r a n ____ 7 ,2 9 5 ,7 6 8 N o r t h e r n P a c i f i c ________ 7 ,1 9 0 ,0 6 0 N Y C en t & H u d R iv e r . 0 ,6 2 3 ,4 0 0 G t N o r t h S y s t (2 r o a d s ) 5 ,4 0 3 ,5 8 0 P h l l a & R e a d i n g ------------5 ,0 8 9 ,1 2 7 3 ,8 1 4 ,2 9 5 I l l i n o i s C e n t r a l -----------------E r i c ....................... 0 3 ,7 7 1 ,0 4 6 L e h i g h V a l l e y ......... .............. 3 ,5 8 8 ,2 3 8 G r a n d T r u n k (4 r o a d s ) . 3 ,4 3 6 ,0 7 2 N o r f o l k & W e s t e r n -------3 ,4 1 1 ,1 5 6 L o u i s v i l l e <t N a s h v i l l e . 3 ,2 2 3 ,0 5 8 • C en tra l o f N e w J e r s e y . . 3 ,1 0 0 ,4 7 3 D e la w a r e & H u d s o n — 3 ,0 9 1 ,0 6 4 M o K a n & T e x a s ............... 2 ,9 3 9 ,4 9 6 ■ C h ic a g o & N o r t h W e s t . 2 ,9 0 0 ,9 9 4 N Y N H a v en & H a r t .. 2 ,8 7 0 ,4 5 3 C h e s a p e a k e & O h i o -------2 ,8 0 7 ,3 2 6 B a l t i m o r e & O h i o _______ 2 ,8 0 5 ,0 2 1 M is s o u r i P a c i f i c (2 i d s ) . 2 ,5 1 0 ,8 6 3 L a k e S h o r e & M ich S o u . 2 ,4 7 3 ,8 0 0 S o u t h e r n R a i l w a y _______ 2 ,3 3 8 ,1 9 1 M i c h i g a n C e n t r a l ------------2 ,3 1 0 ,8 0 0 C h i c M llW & S t P a u l . . . 2 ,3 0 5 ,2 4 5 D e n v e r & R io G r a n d e .. 2 ,2 2 9 .3 4 2 C o lo ra d o & S o u t h e r n .. . 2 ,1 3 0 ,4 0 3 C a n a d i a n N o r t h e r n -------2 ,0 9 8 ,8 0 0 'D u f f R o c h & P i t t s b u r g h 1 ,9 6 0 , 8 0 9 D u lu t h M Iss a b c & N o r th 1 ,8 5 7 ,3 4 1 C C C & S t L o u i s ------------1 ,7 8 9 ,4 0 0 T e x a s & P a c i f i c ---------------1 ,7 1 7 ,3 8 2 P a c i f i c C o a s t . . ............ - 1 ,6 2 2 , 3 9 0 N o r t h e r n C e n t r a l ------------1 ,6 0 4 ,8 0 0 K a n s a s C ity S o u th e r n -. 1 ,4 4 8 ,9 4 3 A t l a n t i c C o a s t L i n e -------1 ,4 0 2 ,6 4 7 FOR 12 M ONTHS Increases. 1,314,300 Phlla Balt & W a sh ------Seaboard Air Line_____ a $ l,3 0 2 ,1 1 4 1,047,466 Mobile & Ohio.................. 1,024,495 St. Louis Southw’n ___ 907,406 W abash-------------------------962,831 Wheeling & Lake Erie. 956,795 Western M aryland--------823,004 Central of Georgia.......... 779,996 Nash Chatt & St Louis. Chicago & A lton ----------700,490 6 82,414 N Y Out & W e s te r n .. . W est Jersey & Seashore 672,600 Chicago Ind & Southern <1646,450 Minn St P & S S M ____ 623.091 599.091 Hocking V a lle y -............ Wisconsin Central_____ 572,879 Yazoo & Miss V alley___ 504,951 N Y Chic & S t L o u i s ... 563,500 Long Island....................... 545,807 Midland V alley................. 542,170 N Y Susq & W estern . . a524,437 Toledo & Ohio Central. 511,050 Buffalo & Susquehanna 498,052 Ala N O & T Pac (3 rds) 448,048 <2433,491 Atlanta Btrm & Atlantic 387,103 Chic St P Minn & O ____ Minneapolis & St Louis 377,735 Central New E n g la n d .. 377,147 Bessemer & Lake E rie. 366,187 350,700 Pittsburgh & Lake Erie Bangor & Aroostook___ 307,428 Alabama Great South. . 286,871 R u t la n d ________________ 281,000 279,789 Southern Indiana_______ 258,453 Detroit Toledo & Iront 258,275 Georgia South & Florida 251,523 Texas Central.................... Total (86 roads)...........$213,682,566 Decreases. Chicago Great W estern-------$355,053 a These figures cover 11 months only; December not yet reported. c These figures cover 10 months only. d These figures cover only lines directly operated east and west of P itts burgh and Erie. The results for the Eastern lines show an Increase of $10 572,900 and for the W estern lines an Increase of $ 8 ,1 1 0 ,8 0 0 . GROSS EARNINGS LAST TW O CALENDAR YEARS. Jan. 1 to Dec. 31. Alabama Great South. Ala N O & Texas Pac— N O & Northeastern Alabama & V lcksb. Vlcksb Shr it Pacific Alabama Tcnn & NJO. Atch Top <t Santa F e .. A t lantlc BIrm & A tlan Atlantic Coast L in e— Balt Chcsap it Atlan . . Baltimore & O hio......... Bangor <t A r o o s to o k .. Bellefonte Central-----Bessemer & Lake Erie. Boston Revere B & L . Bridgeton & Saco Rlv. Mileage. Gross Earnings. Name of Road. 1907. 1900. Inc. (-F) or • D ec. (— ). $ $4,168,097 S $3,831,220 S +286,871 3,255.042 1.632,112 1,655.539 <242,811 96,840,518 <21,671,484 27,351,924 979,136 83,357,868 3,184,176 64,688 6,376,952 800,274 52,397 3,113,521 1.485,005 1,495,519 <238,832 80,085.373 ol,! 25,019,277 910,013 80.552,817 2,870.748 57.069 6,010,765 790.203 46,981 + 142,121 + 146,507 + 100,020 + 4,009 + 10,101,145 + 433,491 + 1,402,647 + 09,123 +2,805,021 + 307,428 + 7.619 +300,187 + 10,071 + 5,410 1907. 1900. 309 309 196 143 189 27 9,405 400 4,333 196 143 189 88 4,006 482 27 246 14 21 Mileage. Gross Earnings. 1906. 17,888,922 Receipts of— 1907. .Flour_____ bbls. 19,779,188 21 9.260 458 4,333 88 4,030 482 27 244 14 21 Name of Road. 1907. Buffalo Roeh & P itts.. Buffalo & Susquehanna Canadian Northern... Canadian Pacific......... .. Central of Georgia____ Central New England. Central of New Jersey. Chattanooga Southern. Chesapeake & O h io .. . Chesterfield & L a n e ... Chicago & Alton______ Chle Burl & Q uincy... Chic Great W estern... Chic Ind & Louisville. Chic Ind & Southern.. Chic Mllw & St Paul.. Chic & North Western. Chic St P M & Omaha. Chic Terminal Transfer Cincinnati Northern__ Cln N O & Texas Pacific C C C & St Louis......... Peoria & Eastern__ Colorado Midland_____ Colorado & Southern.. Col Newb & Laurens.. Copper Range................ Cornwall ........................ Cornwall & Lebanon.. Delaware & Hudson__ Denver <t Rio Grande. Detroit & Mackinac... Detroit Tol & Ironton. Duluth & Iron Range. Duluth Mlssabe <t Nor. Dul So Sh & Atlantic.. Elgin Joliet & Eastern. E rie...................... Evansville & Terre H . Fairchild & Northeast. Fonda Johns & G lov.. Genesee & Wyoming.. Georgia R R ......... Georgia Southern & Fla Grand Tr of Can (4 rds) Great Northern S y s ... Gulf <t Ship Island____ Hocking Valley.. Hunting & Broad Top. Illinois Central.............. Internat <t Great North Iowa Central_________ Kanawha & Michigan Kansas City Southern. Lake Erie & Western.. Lake Shore & Mich Sou Lehigh Valley................ Lexington & Eastern . Long Island-------Louisiana & Arkansas. Louisville & Nashville. Macon & Birmingham. Manistlque......... Maryland & Penna____ Michigan Central......... Midland Valley.. Mineral Range.. Minneapolis <t St Louis Minn S t P & S S M ____ Missouri Kansas & Tex Mo Pac <t Iron Mt____ Central Branch_____ Mobile & O h io ... Nash Chatt <t St Louis Nevada-Cal-Oregon__ Nevada Central........... New London Northern N Y Cent «t Hud River N Y Chic <t St Louis.. N Y New Hav <t Hart. N Y Ont & Western.. . N Y Susq * West____ Norfolk & Western____ Northern Central......... Northern Pacific. Pacific Coast................. Pennsylvania RR— Lin East of Pitts <t Erie. West of Pitts & Erie. Phlla Balt <t Wash____ Phlla & Reading.......... Pittsburgh it Lake Erie Raleigh it Southport . . Rich Fred & Potomac Rio Grande Southern.. Rock Island System.. Rutland.......................... St. Jos & Grand Island. St Louis & San Fran St Louis Southwestern Seaboard Air Line____ Sierra Railway.............. Southern Indiana......... Southern Pacific______ Southern Railway____ Texas Central................ Texas & Pacific_______ Tidewater & Western. Toledo A Ohio Central. Toledo Peoria & West. Toledo St Louis & West Tomblgbee Valiev____ Toronto Ham & Buff.. Union Pacific................ Virginia & Southwest. Wabash ........................ West Jersey & Seashore Western Maryland____ Wheeling <t Lake Erie. Wisconsin Central____ WrlghtsviUe * Tonn_. Yazoo & Miss Valley.. 1906. $ S 7,467,336 9,428,145 1,038,652 2,136,714 6,786.000 8,884,800 07,752,255 75,038,544 11,643,279 12,460,883 1,896,789 2,273,936 24,926,457 28,086,930 150,583 148,760 25,322,230 28,189,556 42,708 66,078 11,992,208 12,698,698 77,008,971 84,516,210 8,748,850 8,393,797 5,883,005 5,771,797 a2,098,522 02,744,972 60.283,900 57,978,655 69.338,593 66.437,599 13,804,984 13,417,881 1,730,408 1,721,773 a945,103 0937,801 8.860.6S3 8,615,228 26,384,300 24,594,900 a2.779.894 a2,790,262 2,321,904 2,443,339 12,381,215 14,511,678 298,727 315,713 C617.988 C744.153 220,287 201,124 C384.278 C403.5U 17,050,029 20,141,693 20,230,824 22,460,106 1,231,466 1,324,834 4,198.249 4,450,702 8,142,813 8,006,684 10,076,298 11,933,639 3,120,299 3,346,401 2,663,756 2,773,260 050,744,973 a46,973,327 2,236,650 2,284,328 18,188 19,786 759,040 792,578 147,949 115,317 2,938,024 3.076,359 2,099,398 2,357,673 41,559.345 44,995,417 54.705.443 60,109,023 2,325,460 2,496,189 6,522.027 7,121,718 841,349 884,686 54,277,180 58,091,475 7,752,176 7,857,868 3,051,067 3,134,467 2,234,665 2,397,209 8.487,453 9,930,396 5,212,800 5,112,400 42,544,400 45,018,200 33,591,852 <137,180,090 542,908 603,594 08,178,731 08,724,538 1,187,961 1,238,821 45,071,666 48,894,724 168.861 159,769 96,438 64,027 354,351 385,652 26,275,600 28,586,400 598,147 1,140,317 746,823 813,869 3.685,671 4,063,406 12,242.328 12,865,419 23.159,323 26,148,819 44,911.441 47,462,304 1,677,000 1,637,000 10,001,454 11.048,020 11,546,933 12,326,929 252,722 306,676 75,461 89,220 1,109,884 1,032,795 92,089,800 98,713.200 9,902,200 10,465,700 53,915,665 56,786,118 7,533,726 8,216,140 a2.571.389 o3,095,S26 29,686,565 33,097,721 11,740,4 is 13,351,248 64,692,454 71,882,514 6.442,898; 8,065,288 es directly op crated— 148,239,890 164.812,790 80,493,335 88,604,135 16.019,049 17,333,349 45,872,066 40,782,939 14,481,500 14,832,200 a71,198 allO ,592 1,852,325 2,096,430 585,819 629,295 54,122,594 62.413,785 2,799,200 3,080,200 o l ,425.202 al.599,405 44,601,212 51,896,980 9,613,772 10,638,207 al5.492.7S4 014,190,670 415,948 411,931 1.535.030 1,814,819 114,158,683 132,475,908 55.353.297 57,691,488 1,034,642 1,286,165 14,914,606 16.631,988 89,676 100,657 4,362,500 4,873,550 1,252.545 1,287.589 4,163,868 4,244,067 053,922 a62,532 937,414 770,277 70,528.107 79,933,772 1,028,089 1,176,075 20,467,457 27,434.923 5,229,458 5,902.058 5,156,971 6,113,766 5,485,757 6,448.588 7.260,420 7,833.299 236,645. 256,950i 9.412,9761 9,977,927 Inc. (+)gw Dec. (— ). 1907. S 568 + 1,960,809 + 498,062 372 2,874 +2,098,800 9,230 + 7,SS0,2S9 1,913 +823.604 + 377,147 293 +3,160,473 648 105 — 1,823 +2,867,326 1,831 40 +23,370 1,004 + 706.490 9,134 + 7,507,239 818 — 355,053 599 — 111,208 340 +646.450 +2.305.245 7,187 7,612 +2,900,994 1,712 +387,103 102 + 8,6 35 — 7,302 248 +245,455 336 + 1,789.400 1,983 — 10,368 351 + 121,435 338 +2,130,463 1,841 + 16,986 75 + 126,165 82 — 19,163 13 + 19,233 26 + 3,091,064 843 +2,229,342 2,552 + 93,368 344 +258,453 684 211 — 76,129 + 1,857,341 246 +226,102 592 + 109,504 236 +3,771.646 2,169 + 47,678 310 + 1,598 33 + 33,538 97 — 32,632 16 + 138,335 307 +258,275 395 +3,436,072 4,528 + 5,403,580 6,498 307 + 170,723 346 + 599,691 + 43,337 68 + 3,814,295 4,119 + 105,692 1,159 558 +83,400 + 102,544 177 + 1,448,943 827 — 100,400 •3 886 1,520 +2.473,800 +3,588,238 1,440 92 + 60,686 392 +545.807 226 +50,860 + 3.223.058 4,349 — 9,092 105 — 32,411 78 84 + 31,301 +2,310,800 ■11,745 324 + 542,170 + 67,046 140 + 377,735 799 2,262 + 623,091 3,072 +2,989.496 +2,550,863 6,091 — 40,000 388 926 + 1,047,466 + 779,996 1,230 104 + 53,954 94 + 13,759 123 — 77,089 3,784 + 6,623,400 + 563,500 523 +2,870,453 2,060 + 682,414 546 + 524,437 236 +3,411,156 1,877 462 + 1,604,800 + 7,190,060 5,617 137 + 1,622,390 + 16,572,900 + 8,110,800 + 1,314,300 + 5,0S9,127 +350,700 + 39,394 +244,105 + 43,47b +8,291.191 + 281,000 + 174.203 + 7.295,768 + 1,024.495 + 1,302.114 — 4,017 +279,789 + 18,317,285 +2,338,191 + 251.523 + 1,717,3S2 + 10,981 +511,050 +35,044 + 80.199 + 8,610 + 167,137 +9,405,665 + 147,986 +967,466 + 672,600 +956,795 +962,831 + 572,879 +20,305 +564,951 3.754 2,840 706 1,000 191 94 83 180 7,975 408 317 6,021 1,454 2,610 75 237 9,489 7,496 311 1.843 92 440 248 451 63 88 5,744 134 2,517 368 543 498 1,023 104 1,305 1900. 568 243 2,545 9,154 1,890 258 648 105 1,827 22 970 8,927 818 591 340 7.043 7,468 1,712 . 102 248 336 1,9S3 351 336 1,663 75 82 13 26 843 2,532 344 684 225 242 592 236 2,151 310 33 97 16 307 395 4,528 6,289 307 346 67 4,370 1,159 558 177 827 886 1,520 1,440 92 392 226 4,297 105 78 84 1,745 324 140 799 2,200 3,072 5,951 388 926 1,230 140 94 123 3,774 523 2,057 546 236 1,876 462 5,606 137 3,754 2,840 706 1,000 191 94 83 180 7,800 468 312 6.008 1,451 2,610 75 197 9.437 7,552 269 1,826 92 440 248 451 53 88 5,602 134 2,517 368 543 498 1.022 104 1,239 Total (140 roads).. 2,491,429.83812,275,461,577r +215,968,261 201,767 199.528 Net Increase (9.49%) Mexican Roads (not Included In tci tals)— 6,942,725i 7,593.76' i Interoceanlc of Mexico 29,226,076) 35,305,0761 Mexican Central______ 7,954,0751 9.075,96f ! Mexican International 7,110,406) 7.971.70C1 Mexican Railway____ 1,262,381[ 1.336.6SC1 Mexican Southern__ 14,790,5841 16,590,86(1 National RR of Mexico +651.040 +6,079,000 +1,121,889 +861.300 +74,299 +1,800,282 736i 3,225i 918; 321 263: 1,7321 736 3,202 911 321 263 1.730 a These figures are for 11 months only; figures for December not having as yet been reported. c These figures are for 10 months only. d Figures for last six months of 1907 are on the basis of accounting required by the Inter-State Commerce Commission. TH E CHRONICLE, 380 [VOL. LXXXVI To complete our analysis we annex ther following six-year comparison of the earnings of the leading NEW CONSTRUCTION ON THE KAN SAS CITY roads arranged in groups. MEXICO & ORIENT R A IL W A Y . EARNINGS OF ANTHRACITE COAL GROUP. The following letter from President Stilwell of the 1906. 1907. 1905. 1904. Year. 1903. 1902. Kansas City Mexico & Orient Ry. Co. is self-explan $ $ $ $ S s Cen ofNJa 28,086,930 24.926,457 24,257,831 22,126,832 22,118,626 15,999,349 atory: Lehlgli Vnl c37.180,090 33,591.852 33,043,975 30,429,687 30,933,635 22,487,538 8,216,140 7,533,720 7,455,200 NYO A W 6,845,317 6,950,456 5.057,168 N Y S &W 63,303,736 2,839,299 2,852,893 2,740,793 2,957,000 2,124,880 PhllaAIl d 45,872,006 40,782,939 40,147,371 35.446.677 36.247.S12 27,912,369 THE Total . . 122,718,962 109,674,273 107,757,270 97,589,306 99.207,529 73,581,304 a Includes Income from Investments for all the years, and also the operations of New York A Long Branch RR. for all the years. b December not yet reported; taken same as last year. c For the last six months of 1907 figures.are on the new basis of accounts now re qulred by the Inter-State Commerce Commission. d These are the earnings of the railroad company only; the results of coal-mlnlng operations are not Included In any of the years. EARNINGS OF TRU NK LINES. Year. 1906. 1905. 1904. $ 80.552.847 24,594,912 3,059,279 51.107.847 41,559,345 42,544,372 26,275,587 92,089,761 S 71,755,673 22,517,763 .2.960.725 47,832,190 37,990,117 38,000,811 23,283,809 86,095,599 $ 65,200,262 22,141,108 •3,051,198 45,100,925 34,086,339 35,101,053 21,492,945 78,573,205 1907. $ Balt & O. 83.357,868 CCC AS tl. 220,384,300 Peor Al- c3,048,911 E r ic ......... c54,939,493 GrTrCan l 44,995,417 L Sh AM fe 245,018,201 Mich Ceni 228.586,40t NYC&HR /i298713,20( Pa— E of PlttsAEl IG4,S12.79< Wabash . 27,434,923 Total . 1903. s 60,196,543 21,197,783 3,073,873 47.589,837 35.524,998 34,768,080 22,552,201 79.909,41-1 1902. $ 00,071,409 18,970,576 2.614,702 41,059,237 31.045,497 30,449,292 19,045,083 71,944,960 148,239.891 133,921,990 118,145,094 122,626,394 112,663,330 20,407,457 23,579,261 24,562,857 22,561,974 19.961,458 577,291,502 >36.551,301 188,537,995 447.520,98t 456,001,097 408,431,544 b includes Canada & Atlantic beginning with October 1904. c Figures lor December not yet reported; taken same as last year. d These results are approximate. / Boston A Albany, as also the Beech Creek R R ., the Walklll Valley RR. and the Fall Brook system. Included for all the years. EARNINGS OF MIDDLE AND MIDDLE WESTERN GROUP. Year. 1906. 1907. B R A Pitt Ch IndA L Hock Vail 111 Central L E & W. Tol AO C _ Tol Pe&W T StL A W Wh A.L E 1905. 1904. 1903. 1902. « $ $ $ $ $ 7,407,330 8,567.433 7,696,052 7,769.490 6,678,594 9,428,145 5,833,724 5,883,005 5,382,509 5.340,252 5.771,797 4,704,070 5.803,354 6,522,027 6.138,089 7,121.718 6,282,778 5,604.320 58,091,475 54,277,ISO 48,957,208 48.609,350 47,101,474 42,242,985 5,037,293 5,212,810 4,970.992 a5,112,400 5,218,728 4.704.2S0 4,302,500 3,810,225 3.783,608 3.832,459 2,977,141 4,873,550 1,252,545 1.281,200 1,287,589 1,341,843 1,279,056 1,164,175 4.103,80S 3,982,144 4,244,067 3,697,828 3,104,278 2,855,366 5,485,757 5.174,851 6,148,58S 4,289.433 4,481,047 3,859,042 Total . . 102.379.329 94,627,028 88,782,233 85.635,035 84,536,162 74,849,979 a These figures are approximate. EARNINGS OF NORTHWESTERN AND NORTH PACIFIC GROUP. 1907. Year. Can P a c.. ChGtW’na ChM AStP Chets N \\d CStPMAO DSoShAA GtNorsyst Iowa Cent MlnnAStl Minn St P etc S S M Nor Pac 6 StJAGrlsl Wise Cent 3 75,638,544 8,393,797 60,283,900 69,338,593 13,804,984 3,340,401 60,109,023 3,134,467 4,063,400 1906. 1905. $ 67,752,255 8,748,850 57,978,655 66,437.590 13,417,881 3,120,299 54,705,443 3,051,007 3,685,671 54,711,830 8,004,100 52.309,017 59,087,802 12,390,066 2,938.678 47,717,681 2,788,309 3,518,909 S 1904. 1903. 1902. S 5 S 48,714,065 46,348,950 40,120,400 7,733,139 8,234,800 7,477,256 48,743,057 48,088,423 46,404,839 53,705,091 <254,390,248 <5)2,026,708 11,480,169 12,055,208 11.907,525 2,498.570 2,728,745 2,741,049 41,334,649 41.910,101 40,205,622 2,484,860 2,371,664 2,518,200 2.832.95S 2,971,896 3.576.941 12,865,419 12,242,32.8 10,209,593 7,508.376 7,276,517 0.825.377 71,882,514 04.092,454 56,710,143 48,897,031 47,973,128 45,201,578 g 1,753,691 1,579.488 1,458,353 1,282,040 1.413,700 1,268,903 7,833,299 7,260,420 6.772,073 0,548,342 6,683,208 6.407,486 Total . . 392.448.038.364,672.410 318,617,760 2S3.S53.553 283,052,720 260,681,890 a Mileage redneed In July 1904 from 929 to 818. b Includes proprietary lines In all the years except the last half of 1907 and 1900. d Includes trans-MIssourl lines for the whole twelve months of 1907. 1900, 1905 and 1904 and from Feb. 10 to Dec. 31 In 1903 and 1902. U December 1907 not yet reported; taken same as last year. EARNINGS OF SOUTHERN GROUP. Year. 1907. 1906. 1905. 1904. 1903. 1902. s 4.108,097 12,460,883 28,189.556 8.860,683 48.894.721 11,048,920 12,320.929 33.097.721 57,091,488 9,977,927 $ 3,881,226 11.043,279 25,322,230 8,015,228 45,671,660 10,001,451 11,540,933 29,080,505 55,353.297 9.412,976 $ 3,478,831 10.531.0S1 22.130,11! 7,071.415 39,024,355 8.539,080 10,192,404 20,191,843 49.819.714 7.931,325 S Ala Gt Sou Cent of Go Ches A Oh CNOATP I.OU A N . . Mob A Oh NChASt I Nor A W ’n South Ry. Yaz A MV 3.215.804 9,957,994 20,100,363 7.058,524 37,629,928 8,055,803 10,378.507 23,229.099 47,028,223 8,468.947 $ 2,971.086 9.41,8.882 18,771.370 0,076,930 36,814,414 7,785 ,*56 10,005,967 22.505,339 44,113.938 7,539,156 2,570,458 8,302,275 15,034,520 5,811.797 33,029,025 6,970.170 8.688,021 18,918,718 40.177,481 6.995,908 Total Year. S 220,722.928 211,134,854 180,110,707:175,129,192 166.002,938 147,170,379 EARNINGS OF SOUTHWESTERN AND PACIFIC GROUP. 1906. 1907. $ At TASF 96,846,518 Col ASo.fi 14,511,678 Den A RG 22,400,16( Int A O N 7.857,868 M K A T. <126,549,45f Mo Pac A C Brch. 49,099,304 S tL A S F r/ 51,890,980 StL A S W I0,63S,267 Sou P ac. . 132,475,968 Tex A Par 10,031,OSS Un P a c ... 79,933,772 $ 80,685.372 12,381,215 20.230.82! 7,752.170 23,159,323 40,588,441 44,001,212 9,61.3,772 114,158.683 14,914,606 70,528,107 1905. 1904. 1903. 1902. g $ S $ 73.029,187 66,974,014 66,407,610 59,953,880 10.614,852 8,405,680 8,871.368 8,410.512 18,219,253 16,440,471 17,012,239 17,108,800 5,880,130 6,515,6SS 5,887,164 5.248,911 20,459,997 19,043,575 17,579,236 10,709,896 42,518,269 39,308,071 8,701,940 99,048,203 12,130,391 63,608,602 43,693,010 37,342,697 8,337,655 92,641,800 12,433,147 50,821,210 43,095,768 34,001,112 7,479,950 92,098,384 12,094.743 54,040,818 37,495,687 29,694,071 7,281,916 85,798,789 11,236,601 48,619,915 Total . . 508,901,965 450,613,732395,444,519308,073,995 359.28S.392.327.619.578 ft For 1907, 1900 and 1905 Includes all affiliated lines except Trinity A Brazos Valley RR., and for 1904 Includes Colorado A Southern, Fort Worth A Denver City and all affiliated lines without any exception. Previous to that we have combined Colorado A Southern and Fort Worth A Denver City. c Atchison figures for 1907, 1903 and 1905 Include earnings of the Denver Enid A Gulf RR.. Pecos Valley system and Santa Fe Prescott A Phoenix Ry. d December 1907 not yet reoorted: taken same as last year. / Includes Chicago A eastern Illinois. ■ K A N S A S C IT Y M E X IC O A O R IE N T R A I L W A Y CO. Kansas City, Missouri, February 6 1908. The W m . B. Dana Co., New York City. Gentlemen:— In your issue of the “ Commercial and Finan cial Chronicle” for January, section two, in an editorial article headed “ Railroad Construction and Betterments in 1907,” page 7 , second column, you say: “ The Kansas City Mexico & Orient Railway itself com pleted only 18 miles in Mexico last year. It also built 23 miles in Texas, and is now running trains on five disconnected sections of its total proposed line from Kansas City to the lower part of the Gulf of California.” A little further along in the same article you sum up the various pieces of road operated, making a total of 651 miles, according to your statement. The statement that you have made as to the amount of mileage built in Texas and Mexico during the year 1907 is correct, but as you omit entirely any mention of the mileage constructed in Oklahoma the statement as a whole, as you will see, is misleading. During the year 1907 72 miles were built in Oklahoma, making the total construction for the year 114 miles. To put the matter very clearly before you, I have obtained a statement of our mileage from our Chief Engineer’s office, which is as follows: In Kansas_____________________________________9 1 .45 miles In O klahom a______________________________________ 173.86 “ In Texas _________________________________________ 101.87 “ In Mexico ________________________________________ 357.49 “ Making a total o f_______________________________ 724.67 miles All of this mileage is now being operated except 11 miles built north from San Angelo, which leaves a total of 713.67 miles in operation, against your statement that only 651 miles is in operation. As we have over 3,500 shareholders in this country who are interested with us, very many of whom no doubt are readers of your valuable paper, and as your publication has always been noted for the accuracy of its statements, I thought that you would probably be willing to correct any wrong impression which might have been made by the article in your January issue to which I refer. Very truly yours, A . E . S T IL W E L L , President. ITEMS ABOUT B A N K S , B A N K E R S AN D TRUST GO’S. — The public sales of bank stocks this week aggregate 56 shares, of which 50 shargs were sold at auction and 6 shares at the Stock Exchange. The transactions in trust company stocks reach a total of 115 shares. In addition to the sales shown in the table below the auction sale included 20 shares of stock of the Mechanics’ & Traders’ Bank, which recently suspended, at 4 3 )4 , and 130 shares of stock of the Borough Bank of Brooklyn, now in receiver’s hands, at $855 for the lot. Shares. H A N K S — New York— Low. 25 Chase National Hank___________ 210 *0 Commerce. National Bank of- 150 10 Fourth National B ank_______ 180 M 15 Mutual B a n k _________________ 251 T R U S T C O M P A N IE S— New York. 110 Carnegie Trust Co___________ 130 5 Guardian Trust Co.................... 155 High, 210 150 ISOM 251 Close. 210 150 ISOM 251 157 M 150 155 155 Last Feb. Feb. Jan. Feb. previous sale. 1908— 210 M 1908— 151 1908-—■ 180 M 1904 — 275 Feb. Feb. 1008— 159 1908 — 175 M * Sold at the Stock Exchange. — Tacoma, W a sh ., was designated a reserve city on the 3d inst under the Act of March 3 1887. — Another of the handsome volumes which preserve the records of the development of banking in the United States comes to this office, this one being issued as commemorative of the completion of the first century of the Trenton Banking Company. The institution began with the year 1805, origi nating, as usual, in a recognition of the need of banking facilities, and hardly was organization completed when an anonymous communication in a Philadelphia journal made the singular complaint that it was not generous in Phila delphians to come forward and subscribe to nearly threefourths of the capital stock before citizens of New Jersey had an opportunity of taking what they wanted. The start was modest indeed, being made in “ the Old Court-house and Gaol,” which was built about 1730; tradition had it that the Continental Congress met in the building in 1784. It was altered to adapt it to the bank’s use, and in 1838 the present F eb . 15 1908. j THE CHRONICLE. building was erected on the same site. Salaries of the Presi dent and Cashier were respectively $700 and $1,300 at first. By resolution of the board in April of 1806 the Cashier was requested to buy an eight-day clock, which he did, and the same clock still marks time in the President’s room; we also read that "o n June 14 1808 the President was authorized to have the discount room papered.” A t the start, accounts were opened with the Philadelphia Bank in Philadelphia and the Manhattan Company here. Both these accounts ran without a day’s interruption during the first seventy-five years, says the record, and for anything that appears they are still maintained. One interesting incident is that Prince Lucien Murat, nephew of the first Napoleon, having lived many years in Borden town, N . J., and desiring to return after the dethronement of Louis Philippe, obtained a loan of $8,000 from the Trenton bank on security of a dia mond bracelet which had been intrusted to him by Queen Hortense of Holland. In 1805 a subscription for five shares in the stock of the Turnpike Road Company was made to help on the enter prise of better connecting Trenton with the waters of the Susquehanna, the travel between New York and Phila delphia then being by a weekly stage which took almost two days for the trip. So one might go on taking out bits which recall the early years of the country. The Trenton Banking Company is now firmly in its second century of usefulness. — Senator Nelson W . Aldrich, Chairman of the Senate Committee on Finance, in a speech before the Senate on Monday last discussed the currency bill bearing his name now before Congress. He declared that the serious defect of our monetary system, as disclosed by our recent bitter experience, is the fact that we have no means whatever for providing the additional currency issues necessary to meet or to prevent panic conditions. "E v e n ts,” he continued, "having brought this defect to the attention of Congress in the most forcible manner, we cannot wisely or prudently fail to give it serious consideration.” Referring to the financial disturbances through which we have just passed, Mr. Aldrich pointed out that during the progress of the crisis, in its more or less acute stages, the following extraordinary steps were taken to avoid final disaster: First, the Secretary of the Treasury added to bank reserves by Increasing the deposits of public m oneys In New York and other banks between Sept. 30 and Dec. 7 to the extent of $70,000 ,000 . Second, clearinghouse certlllcatcs were Issued by the various clearing houses of the country to the extent of about $ 1 0 0 ,0 00 ,0 00 . Third, checks were Issued by clearing houses, banks anti private Indi viduals. Intended to be used as currency, and which were so used, to the amount of at least $75,000,000. Fourth, an enforced enlargement of the bank note circulation took place, through an exchange of bonds and by other m eans, from O ct. 1 to Jan. 1 to the amount of $94,759 ,115 . . . Fifth, Importations of gold were secured, amounting, during the period last nam ed, to $ 1 0 7 ,0 00 , 000 , and resulting In an enlarged Issue o f gold certlllcatcs In the same period of $ 5 6 ,0 00 ,000 . , , ,, From this It appears that from time to time during the crisis there was an enforced Increase In the amount of currency and currency substitutes, not Including additional deposits of public moneys In the banks, to the extent of about $468,000,000. Of the expedients adopted, Mr. Aldrich stated, the use of clearing house certificates was unquestionably the most effective. Their employment, he added, has been beneficial at times in preventing a serious disaster, but it has sometimes resulted, as in 1907, in such a derangement of exchanges as to make it doubtful whether, from the standpoint of the public interest, the disadvantages were not greater than the benefits derived from their issue. He contends that if the experience of last year should be repeated, the methods of relief that were employed in 1907 will not be available for the following reasons: First It Is not at all likely that the Treasury will be In condition to make Increased deposits of public moneys In national banks. W ith the strong probabilities of a considerable deficit, and as a m atter of wise policy, Govern m ent deposits In national banks m u st,an d I am quite willing to say should, be largely diminished. , , Second, the fact that a very large proportion of United States bonds is now held by the national banks, an amount which cannot be materially Increased, makes It probable that there will be a diminution rather than an Increase of national bank notes based upon United States bonds. In fact It would be alm ost, if not quite, Impossible to further Increase the volume of such notes In case of an emergency. Third It Is quite possible that we m ay not be able to command large Importations of gold. The very large Increase In the exportation of pro ducts, with reduced Importations which took place In the last four months of 1907 produced an unusual balance of trade of more than $ 3 0 0 ,000,000 In our favor and this fact was of great assistance In making large gold Im portations possible In the months of Novem ber and December. These favorable cc ndltlons may not exist again, and It m ay be much more difficult to Induce the firelgn banks to acquiesce In gold shipments In our favor. In any event, Imp orts of gold can never be made In time to relieve an acute condition of pantc. , Fourth, men m ay not be found In another emergency with the patriotism , courage and capacity of those who In this crisis rendered such conspicuous and Invaluable service to the financial Interests of the country. Fifth the suspension of bank payments with Its resulting strain upon tnc credit of the country and Its resources will not be tolerated again. Continuing, Mr. Aldrich argued that if the business inter ests of the country are left defenseless through the inaction of Congress, the most serious consequences may follow. 381 Under these circumstances, he considers it the imperative duty of Congress to provide some means of escape from another calamitous crisis. The expedients which the Gov ernment and financial institutions were obliged to adopt in the panic of 1907 point the way, he declares, to effective legislation. Jhere seems but one w ay, Mr. Aldrich con tended, in which this can be accomplished, nam ely, by some provision for the authorization of additional notes to be used only in emergencies. He stated that the Committee on Finance, with practical unanimity, arrived at the conclusion that it would not be possible to secure this relief by the adoption at this session of any measure which should provide for the thorough revision or reconstruction of our monetary system, however advisable such a course might be from a scientific or practical standpoint. The plan for additional notes which the committee recommends for adoption, he pointed out, is substantially the plan of the Imperial Bank of Germany, with a change of class of securities required, and a change in the rate of taxation. It was the belief of the Committee that the example of Germany was the safest precedent for them to follow, and the one most likely to successfully answer the requirement for a tem porary. note issue, for a currency which would not be permanent in its character, and which would add no new elements to our somewhat complicated currency scheme. The remedy provided in the proposed measure Mr. Aldrich terms as simple, prompt and efficient. A t any time within forty-eight hours, he asserts, if an emergency requires it, $500,000,000 of new money can be put into the channels of trade to allay public excitement and to meet extraordinary demands. He adds: "T h e Committee believes that this great fund, placed by the Government at the disposition of the bankers and business men of the country, will have a strong tendency to prevent financial crises and to preserve public and private credit at home and abroad. In periods of distrust large numbers of people are controlled by senti ment. Experience has shown that at such a time the strong est element in allaying excitement and creating confidence is the knowledge that a remedy exists which can and will be effectively applied. The existence of this great fund is like the creation of an ample water supply with effective apparatus to check conflagrations.” — Reports from Copenhagen on the 9th inst. stated that a tight money market and extensive speculation had brought about a small financial panic there. Two of the smaller banks, it was said, were affected, and one of these had been forced to suspend. Later in the week— on the 13th inst.— cable advices stated that the Folkething had passed the Government bill authorizing the State guaranty of the lia bilities of the Freeholders’ Bank and the Detailhan dler s Bank. During a debate on the subject, the Danish Minister is said to have expressed the opinion that the banking crisis could now be regarded as virtually passed. — The Kansas Legislature, which convened in special ses sion on Jan. 16 in response to the call of Gov. Hoch, ad journed on the 4th inst. Although one of the principal objects in calling the Legislature together had been to effect the passage of a law guaranteeing bank deposits, the session closed without such enactment. The measure offered for the guaranty of deposits was killed in the Senate. A deposit insurance company bill, however, was regarded somewhat more favorably, having succeeded in passing both branches of the Legislature; notwithstanding this, it failed to become a law, having been vetoed by Gov. Hoch on the 1st inst. This bill provided for the chartering of corporations to be formed for the purpose of issuing policies to insure bank depositors against loss in case of the failure of the bank covered by the company’s policies. Gov. Hoch in setting out his reasons for vetoing the measure said in part: This bill would not have passed the House except for the understanding, clearly stated on the lloor by m any of Its advocates, that It was supple mental to the depositors’ guaranty bill which the people demanded, and to permit It to become a law I believe to be against public policy. Many who favored It In addition to the depositors' guaranty bill did so In order to help secure the passage of that bill, but ail familiar with the situation and with the tactics of the powerful lobby that was here to prevent depos itors’ guaranty legislation, know that the Anal passage of this bill Independent of the other was pleasing only to those who desired to defeat the legislation demanded by the people on this subject. This bill purposes the organization o f banking Insurance companies absolutely free from supervision by the banking department or Insurance department of the State. It provides no State supervision except by the charter board, which Is furnished with neither funds nor experts for the work of such supervision. It provides no limitation upon the rate of in surance and leaves that and other vital m atters entirely to the private corporation It purposes to charter. 382 THE CHRONICLE. It would subject all the banks of the State to the dictation of a com pany o f speculators, whose arbitrary terms the State Is given no power whatever to control. This bill contemplates the organization of a bankers’ trust which would give a few big bankers an opportunity to exploit small ones. It would create a powerful political machine, especially for the control of legislation In which 900 banks would have to participate or suffei* the disfavor of this powerful com bination. W e have had enough of this experience this session Th is bill m akes the Secretary of State an agent to boom a private corpora tion organized for profit, and requires him to solicit stocl^from every bank in the State In this exclusive corporation before the company Is organized. — The Kansas City Clearing House Association has taken favorable action in the matter of establishing the office of Clearing House Auditor, to which we alluded in this depart m ent Jan. 11. F . Stanley Young has been appointed to the newly created office, and will take up his duties on March 1. He is at present a resident of Chicago and is associated with his brother, Arthur Young, under the firm name of Arthur Young & C o., certified public accountants. Mr. Young’s duties in his new post will be along the lines of those required of the Clearing House Examiner in Chicago and Minneapolis. — That the operation of branch banks in Colorado is in violation of the laws of that State is the opinion of Assistant Attorney-General S. H . Thompson Jr. of Colorado, who has thus expressed himself to State Bank Examiner Henry M. Beatty. According to local papers, this means that numer ous branch banks doing business throughout Colorado will have to close up or incorporate as separate associations. The opinion, the Denver “ Republican states,” is based upon two sections of Mills’ Annotated Statutes, Laws of 1891; the first of these, which absolutely prohibits the practice is as follows: N o banking association or corporation shall declare any dividend except from the net earnings after deducting all losses, overdrafts and obligations suspended or overdue, nor establish any branch office or agency thereof or em ploy any agent or person to make loans or discounts at any other place than the banking house of such banking association. In the second section quoted, covering incorporation, the Assistant Attorney-General points out that it provides for the designation of only one place of business, the words “ ‘particular county, city or town’ being used in the singular.” It is contended that if it was the contempla tion of the Legislature that there should be branch banks, the words would have been in the plural, as in the section covering certificates necessary to be filed in the case of general corporations. Mr. Thompson also holds that the use of the words “ bank, banking, banker or trust company” by a con cern not incorporated as a bank or trust company is unlawful. — The New York Clearing House Association resumed last Saturday the issuance of the detailed bank statement, the publication of which had been discontinued after the issue of the return for Oct. 26. A new feature which marked the re-appearance of the statement was the insertion of totals showing the condition of the Associated Banks at the close of business on Friday, as well as the averages of the various items for the week. A t the same time the New York State Banking Department put into operation its plan of giving out average weekly aggregates for the State banks and trust companies in Greater New York not reporting to the Clearing House. Furthermore, on Monday last, a statement showing the combined report of State banks and trust companies outside Greater New York was also issued. Altogether, therefore, an extensive amount of information concerning the banking institutions of this State is now to be available each week. The following announcement has been made by the Banking Department concerning its innovation: The promptness with which the banks and trust companies have mad their first report to this Department under the recent order Is very ffratl lying. All the banks and trust companies In the metropolitan dlstrlc under State supervision, numbering 57 and 48 Institutions respectlvelv have rendered the statements called for. W ith the necessary elimination o f reports of the State banks which nr •members of the Clearing House, and the combination of the statement made to this Department with the Clearing-House statem ent, we are en abled to know for the first time the general condition of the banking lnstl tutlons of the City of New York. >*-The reports which will be made weekly to this Department will not onb accomplish this result, but will afTord opportunity to keep more closeb In touch with the condition of the banks and trust companies under stab supervision. [VOL. 3UXXXVI. of the Association and legal representatives of the Mechanics’ & Traders’ Bank and the Oriental Bank, a settlement of the question was arrived at in the adoption of a resolution by the Association which permits the application of deposits toward such maturing notes without prejudice to the rights of either party, and reserves the question for future adjust ment. Previously the Association had taken the stand that this would not be allowed, its attitude being that it stood in the position of an innocent third party, holding these notes for value, before maturity, and therefore had a right to enforce payment without regard to the equities existing between the various classes of depositors. Charles Strauss, counsel for the depositors’ committee of the Mechan ics’ & Traders’ Bank, in commenting on the action of the Clearing House, laid stress on the fact that its decision was voluntary, and was reached in the interests of the business houses who were depositors in the banks. The following notice on the subject has been sent out by the Clearing House with every call for payment of maturing notes: You are hereby notltlcd that your (note, draft, acceptance) for $------d a te d ------- 19— , and m atu rin g ----------- 1908, Is now held by the New York Clearing-House Association as security for an Indebtedness of the Mechanics’ & Traders’ B ank, and that the same will be presented for paym ent In due course at maturity. If you had a balance to your credit as a depositor In the Mechanics’ & Traders Bank at the time It suspended and desire to withhold for future adjustment the amount of such deposit, paym ent for the difference between such amount of deposit And the amount of your Indebtedness will be ac cepted by this Association without prejudice to the right of the Association to enforce paym ent of the full am ount, and without prejudice to your right to Insist that your deposit should be offset. Your obligation will be presented In due course at the place where It Is made payable. W here such partial paym ents are availed of, If there are endorsers on the note, waiver of demand, protest and notice of protest should be given by the endorsers, as well as the makers, In order to avoid protest of the Item. Settlement on the above-mentioned basis m ay be made at the New York Clearing House by certified check, If presented before the due date. In the event of such partial paym ent, further action will not be taken by the Association until all other available free collateral has been ex hausted. — A New York Stock Exchange membership was reported transferred recently for $51,000. — The application to list the new $500,000 capital of the Lincoln National Bank of this city on the New York Stock Exchange was approved on Thursday, making the total amount listed $1,000,000. The increase was authorized by the stockholders on Jan. 14. — James D . Layng, Vice-President and director of the Cleveland Cincinnati Chicago & St. Louis R R ., a Vice President of the Lincoln National Bank of this city, a director of the Carnegie Trust C o., Vice-President of the Illinois Zinc Co., and a member of the boards of various railroad and industrial companies, died on the 13th inst. Mr. Layng was seventy-five years of age. — The special grand jury which has been probing local banking matters returned two indictments on Monday against Charles W . Morse, one of which, it is reported, charges grand larceny. vIhe grand jury’s action is said to be based on the discounting by Mr. Morse of a note received from Morgan J. O’ Brien and made payable to the latter. The note, it is understood, represented part payment for 667 shares of stock in the National Bank of North America. It is stated that an understanding existed between Mr. Morse and Mr. O’ Brien that the note was not to be discounted for a stipulated time, but notwithstanding this, Mr. Morse is alleged to have discounted it before the specified date, re ceiving a check payable to Mr. O’ Brien. This, it is claimed, he appropriated to his own use, Mr. O’ Brien, it is stated, having no knowledge of the transaction. — Henry A . Schenck, who had been Comptroller of the Bowery Savings Bank of this city for the past ten years, was elected President of the bank on Monday to succeed the late William H . S. W ood. W . A . Nash has been elected Second Vice-President; William M. Spackman was made First Vice President last, month. William E . K n ox, heretofore Secre tary, has been chosen to replace Mr. Schenck as Comptroller, and Joseph G. Liddle is the new Secretary. — The publication of the customary itemized statement of the Philadelphia Clearing House Association, which had also been suspended last October, was resumed on Monday. It is — A special meeting of the stockholders of the Hudson stated that the final retirement of Clearing House certificates Trust Co. of this city is to be held on the 26th inst to take was effected last Saturday. The total issue, the Philadelphia action on the proposition to reduce the capital of the institu “ Ledger” reports, was $13,695,0.00, and of this amount not tion from $1,000,000 to $500,000. The company at present more than $10,545,150 was outstanding at any one time. has combined surplus and profits of $154,767; in the — The New York Clearing House Association has modified notice to the stockholders it is stated that at the coming its. position in the matter of allowing deposits as offsets meeting they will Tie asked to consider and determine the against notes pledged as collateral for Clearing House certifi amount of the assets of the company over and above said cates. A t a meeting on Thursday of the Loan Committee I sum of $500,000, which shall be retained as a surplus. Feb . 15 1008. | TH E CHRONICLE. — The Market and Fulton National Bank (established 1852), of which Alexander Gilbert is President, has issued a statement under date of Feb. 7 1908 which records a marked increase over the last official report made to the Comptroller on Dec. 3 1907. Deposits show a total of $9,350,334 as compared with $8,532,382 two months ago, while aggregate resources are now given as $ 1 2 ,116,9 0 7 ,as against $11,496,162. Mr. Gilbert’s associates in the manage ment are Robert A . Parker, Vice-President; Thomas J. Stevens, Cashier, and John H . Carr, Assistant Cashier. — The Hamilton Bank of this city, which reopened on Jan. 20 on a deferred-payment basis, announced this week that its directors had decided to anticipate the second pay ment to depositors by paying the same on the 15th inst instead of on the 20th inst., the date originally set. The plan under which the bank resumed provided for the payment of 1 0 % in cash upon re-opening, and the issuance of certifi cates of deposit of 1 5 % payable 90 days from Nov. 20 1907, 1 5 % in six months from that date and 6 0 % payable in one year from Nov. 20 1907. — The interests identified with the organization of the pro posed Citizens’ Trust Co. of this city have decided to change the name of the institution to the Sherman Trust C o., this change having been made necessary by reason of the prior existence of the Citizens’ Trust Co. of Brooklyn Borough. The Sherman Trust Co. is to have an authorized capital of $2,500,000, in shares of $25 each, and a surplus of $1,100,000 is to be created through the sale of the stock at a premium of $11 per share. According to the prospectus, the company is to be incorporated as soon as $500,000 has been paid in. The subscriptions are payable at once in full, or in install ments of $3 per month until fully paid. The temporary office of the company, until its organization is perfected, is 154 Nassau St. The Farmers Loan & Trust Co. is the de pository of subscriptions. John Lawrence is Secretary and Charles J. Hardy Chairman of the Organization Board; William A . Cherry is Chairman of the Executive Committee, Edward B. Brinker is Chairman of the Finance Committee, J. Arthur Hilton is Attorney and Henry C. Hayden Trustee. — The offices of the American Bankers’ Association, Hanover Bank Building, have undergone radical changes during the past few weeks under the administration of the new Secretary, Fred. E . Farnsworth, with the approval of Lewis E . Pierson, Chairman of the Executive Council, and members of the Advisory Committee. They are now thoroughly adapted to the needs of the Association, and in keeping with its character and dignity. The general work room has been subdivided, making a private office for Secretary Farnsworth and Assistant Secretary Fitzwilson, and leaving the large general office for the exclusive use of the members of the Association and visitors. This latter room has been fitted up as a library and reading room, where will be kept on file the financial papers of the country. A desk has been provided for members which can bo used for correspondence, and the Association stenographers will be at the disposal of members who desire to send out letters when visiting the rooms. Members visiting New York may have their mail and telegrams sent in care of the Asso ciation and they m ay also use the Association telephone when they wish to communicate with the banks or their friends. — It was reported yesterday that the Appellate Division of the Supreme Court has handed down a decision reversing the orders restraining the consolidation of the Mercantile and Equitable trust companies. It will be remembered that an injunction was granted last June in the suit of Bainbridge Colby, who contended that the proposed merger was in equitable. The stockholders of the two institutions are to meet on the 17th inst. to ratify the consolidation. — Harold A . Davidson was elected President of the Jenkins Trust Co. of Brooklyn last Thursday. Mr. Davidson has been the Secretary of the Home Trust Co. of New York and Brooklyn since its inception in 1905, and his efforts are largely responsible for the company’s rapid growth. With Mr. Davidson’s accession to the presidency of the Jenkins Trust C o., the work of reorganization will start immediately. — The First National Bank of Brooklyn Borough, which had been in charge of Receiver John W . Schofield since 383 Oct. 25 last, reopened for business on Monday the 10th inst., and is the first of the"several local institutions which sus pended during the panic to resume. The bank did not avail 'of the deferred-payment plan, but with its rehabilitation was prepared for all demands likely to be made upon it. Ata meeting of the directors on Tuesday an assessment of 855 per share was levied on the stockholders to meet the impair ment of 8165,000 in the $300,000 capital. Joseph Huber, who was elected Vice-President of the bank several weeksago, was elected to the presidency this week to succeed John G. Jenkins Sr. Marshall S. Driggs has been chosen Vice President, and Martin Joost has been added to the board. As stated last week, William F . Irish, is Cashier. — Supreme Court Justice Betts at Kingston, on Saturday last, postponed until March 7 the hearing on the application for the discharge of the temporary receivers of the BoroughBank of Brooklyn Borough. The report of Referee Walter Shaw Brewster, who was appointed to examine into the condition of the bank, is expected to be ready by that date. A plan for the rehabilitation of the bank under a deferredpayment agreement is being pushed by Vice-President William S. Hurley and Paul Grout and S. S. Whitehouse, Counsel for the stockholders. — A t the recent annual election of the First National Bank of Oxford, N . Y ., John R . Van Wagenen was chosen Presi dent for the thirtieth successive time. Mr. Van Wagenen has been an officer of the bank since its organization in 1864. During this period the institution has paid in dividends to shareholders over half a million dollars, and now has above1 its capital stock of 8100,000, surplus and profits of over $175,000. Of those who participated in its first dividend in Jan. 1865, but five survive, and only two of these, F. G. Clarke and W . H . Van Wagenen, are now stockholders. C. D . Hayes is Vice-President of the bank and Jared C. Estelow is Cashier. — The National Bank of Rochester at Rochester, N . Y . , is to have enlarged quarters through improvements which are to be made in the Rochester German Insurance Co. Building, in which the bank is housed. The alterations will increase the depth of the building by about 47 feet, and will permit the bank to enlarge not only its main banking room, but to increase also the size of its other rooms. Work on the pro posed alterations will begin early next year. The bank has a capital and surplus of $1,000,000 each, besides undivided profits of $148,137. In its report of condition Dec. 3 its deposits were $10,262,518 and its resources $13,433,555. Eugene Satterlee is President and Peter A . Vay Cashier. — The hearing on the question of appointing a permanent receiver for the Union Trust Co. of Providence, which was continued from Jan. 25 to Feb. 8, was postponed for another three weeks last Saturday by Presiding Justice Sweetland— that is, until Feb. 29. Both the State of Rhode Island and the City of Providence, which have funds on deposit with the institution, were empowered last week to assent to the plan of reorganization. The city’s deposit amounts to $600,000 while that of the State is about $90,000. City Treasurer Walter L . Clarke was authorized on the 3d inst. by the Providence City Council to approve the plan for resump tion, and on the 4th inst. both branches of the General Assembly passed a resolution authorizing State Treasurer Walter A . Read to release the claims of the Commonwealth, thereby enabling the State to give its indorsement to the plan. The company suspended Oct. 25. — Presiding Justice William H . Sweetland of the Superior Court at Providence on the 8th inst. appointed John P. Beagan permanent receiver of the New England Trust Co. of Providence, the affairs of which were placed in the hands of the Court on J an .20. John B . Hilton, who had been acting as temporary receiver, in his statement presented at the hear ing last week, said that no reasonable hope could be held out that the company could resume, owing to the inconvertible nature and doubtful value of its assets. Mr. Hilton’s state ment also contained the following report concerning the com pany’s capital: The authorized capital stock was $250 ,00 0. OI this amount $166,000 has from time to time been Issued. Of the gross amount Issued $125 ,00 0 of stock was In payment for rights In the Thomas D. Taylor System of Bank ing and $36,000 , at par value,w as Issued In exchange for stock In other cornoratlons, which has since been re-exchanged and canceled. Of this $125,000, $100,000, face value, has been surrendered and canceled In con sideration of the surrender of rights for the city of Providence In the Thom as D . Taylor System of Banking. 384 TH E CHRONICLE* There Is outstanding at the present time {4 0 ,0 0 0 of capital stock , o •which so far as can be ascertained from the books, only 514,500 has been paid in in cash at par value, the balance having been issued for rights In the Thom as D . Taylor Systems and for services. The total liabilities of the institution on Jan. 18 are given :as $379,687. — A dividend of 1 5 % , representing the second payment to the depositors of the failed First National Bank of Chelsea, Mass., was declared on Jan. 28 by Receiver Albert S. Apsey; • 5 0 % Was paid some time ago. The bank closed its doors on Aug. 16 1906, and its stockholders were assessed 10 0% on the $300,000 capital. — Joseph Brady has been elected President of the Board walk National Bank of Atlantic City, N . J ., to replace John C. Reed, resigned. [V O L . LXXXVI. sary $200,000 to enable the bank to do a State business. The unions were backward in supporting the institution; few of them subscribed for stock as unions, and only a few union men could be induced to risk their savings as indi viduals. Another transfer of the business is said to have been made a few months since, this time to the firm of A . C. Tisdelle & Co., which suspended two weeks ago. — E . J. Parker, formerly Cashier of the State Savings, Loan & Trust Co. of Quincy, III., was recently elected Presi dent of the institution to succeed the late Robert W . Gard ner. — The consolidation of the American Trust & Savings Bank (capital $80,000) and the Fidelity Trust & Savings Bank (capital $50,000) of Cedar Rapids, Iowa, was effected — The Ocean County Trust Co. of T om ’s River, N . J., on Jan. 1. The consolidated institution retains the title opened for business on Monday the 3d inst. County Clerk of the American Trust & Savings Bank, and has a paid-up George H . Holman is President. His assistants in the man capital and surplus of $100,000. The officers are Ernest agement are Circuit Court Judge James Minturn and ex R . Moore, President; W . F. Severn, W . W . Hamilton and Senator A . C. B . Havens, who are Vice-Presidents, and W ill Otto Sikora, Vice-Presidents; and Louis Wokoun, Cashier. iam E . Simmons, Cashier. — The Bank of Commerce of Muskogee, Okla., was placed — The directors of the Dime Savings & Banking Co. of in voluntary liquidation on Jan. 15. It is understood that Cleveland, at a meeting on Jan. 28, decided to change the the business of the institution has been taken over by the name of their institution to the Commercial Savings & Trust Oklahoma State Bank, which opened on the 15th ult. The Co. The bank will shortly remove to the offices lately new bank has a paid-up capital of $60,000, and is under the vacated by the Cleveland Trust Co. management of C. B . McCluskey, President; It. A . Josey and — The directors of the First National Bank of Marietta, T . H . Martin, Vice-Presidents, and P. W . Samuel, Cashier. Ohio, at the annual meeting last month transferred the sum — The City National Bank of Muskogee, Okla. (capital of $50,000 from undivided profits to the earned surplus fund, $100,000) was consolidated with the First National Bank thereby increasing that item to $350,000. W ith its capital, on Jan. 14. No increase has been made in the latter’s capital $150,000, and surplus combined, the bank has a working of $250,000. In effecting the merger the stock of the City capital of $500,000. It claims the distinction of having National was reckoned at $115 per share and that of the one of the largest earned surplus funds of any bank in the First National at $180. The stockholders of the City Na Ohio Valley. W . W . Mills and Col. T . W . Moore have been tional desiring to take stock in the First National were taken respectively re-elected President and Vice-President; J. S. in at the last-named figure, or received in cash $115 per share Goebel, who retains the cashiership, has in addition been for their stock. The First National now has deposits of made a Vice-President, and G. C. Best, formerly Assistant $1,700,000, surplus of $50,000 and undivided profits of $15, Cashier, has likewise been advanced to a vice-presidency. 000. The bank has paid 2 0 % annual dividends on its $250, John C. Otto and R . N . Payne have been elected Assistant 000 capital for over seventeen years. Its officers are: J. L. Cashiers. Dabbs, President; F . C. Hubbard, John T. M. Johnson and — E . D . Conger has been elected Cashier of the People’s Jack L . Johnston, Vice-Presidents; Asa E . Ramsay, Cashier; Savings Bank of Grand Rapids, Mich., to fill the vacancy Louis Duncan, Le Roy E . Nabers and C. B. Mills, Assistant due to the resignation of George Luther. Cashiers. — F . S. Risser has been elected Cashier of the Central State Bank of Des Moines, la ., to take the place of F. L. Walker, resigned. — The National Live Stock Bank of Chicago, whose char ter expired on the 7th inst., has been succeeded by the Live Stock Exchange National Bank. The new institution has a capital of $1,250,000— an increase of $250,000 over that of the liquidatingJbank— and $250,000 surplus. The manage ment continues as heretofore, the only change announced being the election of J. Ogden Armour to the directorate. — The shareholders of the Federal National Bank of Chi cago recently received a first dividend in liquidation of 1 0 % on the bank’s capital of $500,000. The institution was purchased at the time of its assignment in September last by Cobe & McKinnon of the Assets Realization Co., and its depositors are reported to have been reimbursed in full. — Frank N. Wilder, Assistant Cashier of the Merchants’ Loan & Trust Co. of Chicago, died suddenly on the 2d inst. He was 57 years of age, and had been in the service of the bank for over thirty years. Wh— The stockholders of the International Trust & Savings Bank of Chicago, known as the union labor bank, have de cided to wind up its affairs. Attorney John J. Sonsteby has been named to conduct the liquidation. The institu tion was originally incorporated under the Arizona laws as the Commonwealth Trust & Savings Bank, and began busi ness in May 1906; shortly after, however, the bank was notified that certain provisions of the Illinois banking law had not been complied with, and its business was thereupon turned over to George W . Dreblow and operated under the title of Dreblow & Co. Subsequently it was transferred to Edwin C. Kingsbury, who sought to effect a reorganization a year ago under the name of the International Trust & Savings Bank. The capital was fixed at $200,000. It is stated in the Chicago “ Record-Herald” that about $128,000 was subscribed, but the labor men could not get the neces — A writ of attachment was granted against the State Bank & Trust Co. of Carson City, N cv., in the sum of $11,930 in the name of the Francis Mohawk Mining & Leasing Co. A receiver was immediately placed in charge of the insti tution, which has been closed since Oct. 23. — The State Trust Co. of St. Louis, it is announced, has decided to discontinue its banking business and is paying off depositors. The banking feature was adopted by the com pany only a few months ago. It had formerly confined it self principally to dealings in real estate and loans, but with an increase in its capital from $500,000 to $1,000,000 last October, it was decided to inaugurate a savings department and other departments of a trust nature. It is stated that the trust and real estate features will be retained. The abandonment of the banking business is reported to have been due to the company’s inability to make arrangements for clearing through other institutions. — One of the most striking and elegant new buildings in St. Louis is the “ skyscraper” of the Third National Bank, now approaching completion. It has a central and com manding location on the southwest corner of Broadway and Olive Street, and contains 18 stories, the lower two floors and the basement to be occupied by the bank. The upper stories will be used for offices, and fully three-fourths of the rooms and suites have already been leased. The build ing is of modern steel-frame skeleton construction, veneered with stone and brick, and thoroughly fire-proof. Beautiful bronze doors form the main entrances from both Olive St. and Broadway. The officers’ rooms are furnished in Cir cassian walnut and East India mahogany and the ladies’ reception room in white enameled mahogany. The tellers’ cages and all their equipment are entirely of steel; the book keepers’ desks, and, indeed, all the bank furniture, are of metal construction. Each cage has a fire-proof safe. On the mezzanine floor are the telephone exchange, a relay sta tion for the complete pneumatic system by which checks and Feb . 15 190S.j THE CHRONICLE. 385 various other bank items are swiftly interchanged. The its records, dating back to 1830, when the Canal Bank was Third National will be equipped with every modern conven organized, and has utilized the basement for its vaults. ience and appliance, even to the use of private telautograph — The stockholders of the State National Bank of New and dictograph systems. Its vaults are made of solid armor Orleans unanimously decided on Jan. 30 to place the institu plate by the Carnegie Steel Co. President Huttig now ex tion in voluntary liquidation, and the following were named pects the bank will be installed in its new quarters before the as liquidators: John H . Fulton, Vice-Pres. and Gen. Mgr. of end of March. In its statement submitted to the Comptroller the Commercial National Bank; Charles Janvier, Vice-Pres. of the Currency on Dec. 3 the bank reported deposits of of the Canal-Louisiana Bank & Trust Co.; Charles Godchaux, $29,005,717 and total assets of $36,1)0-4,542. It has a capital Pres, of the Whitney-Central National Bank; Louis K ohlof $2,000,000 and surplus and profits of $2 ,248,825. mann; Warren Kearny, a stockholder in the State National; — J. R . Burrow was elected President of the Central and Charles A . Morgan, a Vice-President of the institution. National Bank of Topeka, Kansas, on Jan. 27, succeeding The decision to wind up the bank’s affairs grew out of the P. I . Bonebrake, who, at his own request, was chosen Vice unexpected resignation in December of Pres. William Adler, President, this action having been due to his desire to the bank as a result having experienced large withdrawals, partially retire from active business. S. S. O tt, heretofore notwithstanding the fact that an examination made by a Cashier, has also been elected a Vice-President, and E . E . committee representing the New Orleans Clearing House Ames has become Cashier. The new head of the bank is Association on Dec. 22 showed it to be in an absolutely President of the First National Bank of Smith Centre, K a n ., solvent condition. C. H . Culbertson, who was elected to the as well as of several other institutions in that State. presidency to succeed Mr. Adler, has become a Vice-President of the German-American National Bank of New Orleans. — The Union & Planters’ Bank & Trust Co. of Memphis has been appointed receiver for the Memphis Savings Bank of Memphis in place of E . T . McHenry, resigned. The latter had been appointed at the time of the closing of the institution on Dec. 24. The Memphis “ Appeal” states that the Union & Planters’ Bank & Trust Co. obligates itself to pay all the depositors and other creditors of the Memphis Savings Bank 5 0 % of their claims in sixty days, and expects to pay 2 5 % in twelve months and the remaining 2 5 % in eighteen months. After having paid 5 0 % , however, should it find that it can not safely advance the remainder due to depositors and creditors, it has agreed to pay .the savings bank $25,000 for its good will. — The stockholders of the First State Bank of Dallas, T ex ., on Jan. 29 ratified a proposition to increase the capital of the bank from $100,000 to $150,000. — The payment of a first dividend of 5 % to the creditors of T . W . House, of Houston, Texas, has been authorized. A general assignment was made by Mr. House on Oct. 17. — The Citizens’ State Bank of San Francisco, which was closed by the State Banking Department on Dec. 11, has been declared insolvent by Judge Seawall, and Frank J. Symmes has been appointed receiver. The bank had a capital of $50,000. — The final step in the consolidation of the Atlantic — The American National Bank of San Francisco, at the National Bank and the Murchison National Bank of W il annual meeting of stockholders held on Jan. 14, received mington, N . C ., was taken on Jan. 23, when officers for the the reports of its officers showing that the bank paid the enlarged Murchison National Bank were elected as follows: 6 % annual dividend during the past year and added $100, President, H . C. McQueen; Vice-Presidents, J. V . Grainger 000 of net earnings to the surplus fund. The following and Joseph W . Gates; and Cashier, C. 8 . Grainger. directors were re-elected for the ensuing year: W . H . — The People’s Savings Bank of Wilmington, N . C ., was Talbot, Louis F. Monteagle, W . H . Chickering, James Mcrecently authorized by its shareholders to increase its capital Nab, P. E . Bowles, Francis Cutting, Henry J. Crocker, from $30,000 to $65,000. Of the additional stock $25,000 Geo. P. Me Near and E . W . Wilson. is issued to the shareholders of the Carolina Savings & Trust Co., recently absorbed by the People’s Savings Bank. — The Florida Bankers’ Association is to meet in annual session next week. The convention will be held at St. Petersburg, opening on Thursday, the 20th inst., and con tinuing throughout the following day. John T . Dismukes, President of the First National Bank of St. Augustine, will address the meeting on the subject of “ The Currency Famine of 1907.” — The deed of assignment made on Nov. 23 by the Bank of Waycross, of Waycross, G a., to the First National Bank of that city, has been canceled, and two receivers have been appointed by Judge Cann in the Superior Court to take charge of the first-named institution. They are A . M. Knight, Mayor of Waycross, and President of the First National Bank, and William M. Davant, Cashier of the Merchants’ National Bank of Savannah. — The newly formed Citizens’ National Bank of Macon, G a., commenced business on the 1st inst. The institution reports a cash capital of $250,000, and is under the manage ment of W . C. Stevens, President; J. N . Neel and J. C. Murphcy, Vice-Pres.; E . W . Stetson, Cashier; B. S. Walker Jr. and A . B. Simms, Asst. Cashiers. — The Alabama Bankers’ Association has arranged to hold the current year’s convention on May 15 and 16 at Mont gomery. — The Canal-Louisiana Bank & Trust Co. of New Orleans opened in its new building at Camp and Gravier streets on the 3d inst. The bank had issued special announcements invit ing an inspection of its new quarters, and many of its friends availed of the privilege thus accorded. The general offices of the company, which are tastefully fitted up, and are provided with all modern conveniences necessary for the banking house of to-day, are located on the ground floor of the structure, which is ten stories in height. In addition the company has set apart the top floor as a storehouse for — The banking house of Dexter Horton & Co. of Seattle, W ash ., purposes to increase its capital from $200,000 to $1,000,000, the trustees having authorized such increase. The new capital will be provided for through the conversion of the surplus, which is now $800,000. The institution was established in 1870, and on Oct. 15 last reported deposits of $11,025,881. N. H . Latimer is manager. — In response to the petition of W . M. Ladd, who has guaranteed the payment of all claims against the Title Guarantee and Trust Co. Savings Bank of Portland, Oregon, R . S. Howard has been appointed receiver of the defunct institution to succeed E . C. Mears. Mr. Howard is Assistant Cashier of the banking house of Ladd & Tilton. — For the half-year ending Nov. 30 the Merchants’ Bank of Canada (head office Montreal) shows net profits of $473, 145. W ith the balance of $34,256 brought forward from May 31 1907, the balance sheet shows a total of $507,401, out of which two quarterly dividends aggregating $240,000 were paid (at the rate of 8 % per annum), leaving $267,401 to be carried forward. The institution has a paid-up capital of $6,000,000; a reserve fund of $4,000,000 and surplus profits of $267,401. The deposits N ov. 30 were $36,254,344, while total assets were $52,135,598. In accordance with the deci sion made at the annual meeting in June, the yearly meetings are now held in December instead of June, and the bank’s year will hereafter end on N ov. 30, instead of on May 31, as heretofore. E . F. Ilebden is General Manager. — The Scandinavian-American Bank of Portland, Oregon, organized with $100,000 capital, began business last month. The officers are C. F . Hendrickson, President; Sylvester Peterson and Dr. Henry W . Coe, Vice-Presidents; Anton Eckern, Cashier, and H . Rostad, Assistant Cashier. — The shareholders of the Crown Bank of Canada (head office, Toronto) at their annual meeting on the 7th inst. unanimously approved a resolution providing for the merger of their institution with the Northern Bank of Canada. 386 THE CHRONICLE — The three trustees appointed to represent the associated banks of Canada in the winding up of the affairs of the Sovereign Bank, have tendered their resignations under an arrangement whereby W . E . Stavert becomes sole trustee. This action, it is said, was taken to facilitate the liquidation of the assets of the bank. IM P O R T S A N D E X P O R T S FOR D E C E M B E R . The Bureau of Statistics at Washington has issued the statement of the country’s foreign trade for December, and from it and from previous statements we have prepared the following interesting summaries: F O R E IG N T R A D E M OVEM ENT O F T H E U N ITE D ST ATE S. (In the following tables three ciphers (000) are In all cases om itted.) --------------------------- 1 9 0 7 --------------------------- ---------------------------------------1 9 0 6 ------- ---------------- --- Exports. $ 510,499 429,952 391,138 180,256 204,474 207,076 M erch a n d ise. January-Mareh . . . A prll-June_____ . . July-Septem ber. . . O c t o b e r _______ . . N ov em b er_____ . . Decem ber______ . . Excess. Imports. S $ 382,703 + 127,796 368,576 + 61,370 356,90.3 + 34,2 3 5 111,913 + 68,343 + 93,531 110,943 92,252 + 114,824 Totals ______ ..1,9 2 3 ,3 9 5 1,423,290 + 500,105 Exports. $ 457,880 399,962 379,992 187,353 182,056 190,400 Imports. Excess. $ $ 324,352 + 133,528 313,007 +86,955 310,909 + 69,083 118,128 + 69,225 119,756 + 62,900 134,350 + 56,050 1,798,243 1,320,502 +477,741 G old an d G old in O re. Jnnuary-M arch. . . AprU-June_____ . . July-Septem ber. . . O c t o b e r _______ . . N ov em b er_____ . . Decem ber______ . . 5,703 30,598 13,579 3,710 616 1,004 11,640 9,822 9,394 4,512 63,575 44,449 — 5,943 + 20,776 1-4,185 — 796 — 62,959 — 43,445 20,147 11,464 4,179 7,074 1,964 1,881 Totals_______ __ 55,210 143,398 — 88,182 46,709 Silver an d Silver in Ore. 14,669 14,550 18,752 5,054 4,187 4,407 11,385 11,010 12,093 3,000 3,602 4,315 + 3 ,2 8 4 + 3 ,5 4 0 + 6,659 + 1 ,4 5 4 + 585 + 92 19,165 14,272 12,004 3,549 4,502 7,405 12,677 11,000 9,317 3,883 3,352 3,999 + 6 ,48° + 3 ,2 7 2 + 2 ,0 8 7 — 334 + 1,210 + 3 ,4 0 6 T o ta ls .......... - . . 46,005 + 15,614 60,957 44,228 + 16,729 J&nuary-March . . . A prll-June......... . . July-Septem ber. . . O c t o b e r _______ . . N ov em b er_____ . . D ecem ber.......... . . 61 619 + Excess of exports. 10,310 52,222 49,238 27,251 8,935 7,617 + 9,8 3 1 — 40,758 - 4 5 .0 5 9 — 20,177 — 6,971 — 5,736 155,579 — 108,8 7 — Excess of Imports. W e subjoin the totals for merchandise, gold and silver for twelve months since July 1 for six years: Merchandise. Months. E x ports. 1 9 0 7 .. 1 9 0 6 .. 1 9 0 5 .. 1 9 0 4 .. 1 9 0 3 .. 1 9 0 2 .. $ 1,923,395 . 1,798,243 . 1,626,991 . 1,451,319 . 1,484,753 . 1,360,686 . Im ports. Excess E x ot Exports ports. $ $ 1,423,290 500,105 1,320,502 477,741 1,179,145 +17,846 1,035,909 415,410 995,494 489,259 969,317 391,369 $ 55,216 46,709 46,795 121,212 44,347 36,030 Gold. Silver. Excess Im E x 0/ ’ ports. Exports ports. Excess ot ports. Exports $ $ 143,398 188,182 155,579 / I 08870 50,294 /3,499 84,803 36,409 65,208 /20.921 44,193 /8.163 $ 61,619 60,957 57,513 50,135 40,610 49,273 Im $ $ 46,005 15,614 44,228 16,729 35,939 21,574 26,087 24,048 23,974 16,036 26,403 22,870 / Excess of imports. Similar totals for the six months since July 1 for six years make the following exhibit: . Merchandise. Six Months. 1 9 0 7 .. 1 9 0 6 .. 1 9 0 5 .. 1 9 0 4 .. 1 9 0 3 .. 1 9 0 2 .. | Excess E x ot Exports ports. Gold. \ Silver. Excess Im ot E x ports. Exports ports. E x ports. Im ports. $ 982,915 . 940,401 . 8 8 6. , 1 2 2 777,593 . 787,102 . . 772,420 $ % $ $ $ 672,011 310,934 18,915 121,930 a 103015 683,143 257,258 IS,098 93,041 a77,943 33,684 a26,721 6,963 589,203 296,919 527,572 250,021 52,762 37,039 15,723 482,751 304,351 13,010 51,292 U38.282 512,905 209,515 15,754 31,006 a!5,252 Excess Im ports. Exports % $ 32,400 23,610 27,520 20,551 32,432 20,766 23,768 12,312 23,106 13,994 26,745 14,183 t 8,790 6,969 1 1 ,6 6 6 11,456 9,112 12.562 a E x c e s s o f Im p orts. In these tables of totals, gold and silver in ore for all years are given under the heads respectively of gold and silver. The following shows the merchandise balance for each year back to 1882: D E B T ^ST A T E M E N T ^’J A N U ARY-, 31 1908. _____ The following statementsjof the public debt and/freasury cash holdings of the United States are made up from official figures issued Jan. 31 1908. For statement of Dec. 31|jj|1907, see issue of Feb. 1 1908, page 266; that of Jan. 31 1907, see March 2 1907, page 486. Interest Title o] Loan — Payable. 2s, Consols of 1930...............Q .-J. 3s, Loan of 1908-1918____ Q .-F . 4s. Loan of 1925.................. Q .-F . 2sj Panama Canal L o a n -.Q .-N . 3s, Certs, of Indebtedness-M at. A m o u n t ----------- Amount Outstanding----------Issued. Registered. Coupon. Total. ■, $ $ $ $ .. ’. 646,250,150 640,808,250 5,381,900 646,250,150 198,792,000 39,718,500 24,220,900 03,945,400 102,315,400 96.943,050 21,540,850 118,489,900 54,631,980 54,584,020 47,960 54,631,980 15,436,500 15,430,500 ................ 15,436,500 Aagregate tnt.-bearlng d e b t -.1,077,426,690 847,550,380 51,203,610 898.753,990 Note.— Denominations of bonds are: ,. . t. Of $10, only refunding certificates; of $20, loan of 1908, coupon and registered. Of $50, all Issues except 3s of 1908; of $100, all Issues. Of $500, all except 5s of 1904, coupon; of $1,000, all Issues. Of $5,000, all registered 2s, 3s and 4s: of 510,000, all registered bonds. Of $20,000, registered 4s, loan of 1907; of $50,000, registered 2s of 1930. D E B T ON W H ICH IN T E R E S T H AS CEASED SINCE M A T U R IT Y . D ec. 31. Jan. 31. Funded loan of 1891, continued at 2 % , called May 18 1900, Interest ceased Aug. 18 1900...........................$32,000 00 $32,000 00 Funded loan of 1891, matured Sept. 2 1891................ 24,500 00 24,500 00 Loan of 1904, matured Feb. 2 1904---------------------------75,900 00 75,900 00 Funded loan of 1907, matured July 2 1907.............. — 4,497,800 00 4,024,850 00 Refunding certificates, matured July 1 1907............ 18,950 00 18,730 00 Old debt matured at various dates prior to Jan. 1 1861 and other Items of debt matured at various dates subsequent to Jan. 1 1801.............................................. 931,235 20 931,225 20 Aggregate of debt on which Interest has ceased since m atu rity..................................... .......... ..........................$5,580,385 26 $5,107,205126 D E B T B E A R IN G NO IN T ER EST . United States notes............................................................................ - ..........$346,681,016 00 Old demand notes.................... ......................... - ........................................... 53,282 50 National bank notes— Redemption account...................... - ................... 51,597,010 20 Fractional currency, less S8 ,375,934 estimated as lost or destroyed. 6,803.434 28 Aggregate of debt bearing no Interest...................................................$405,194,74298* R E CA PITU LA TIO N . Classlllcallon— Interest-bearing d ebt_______ Debt interest ceased................ Debt bearing no Interest____ Jan. 31 1908. $898,753,990 00 5,107,205 20 405,194,742 98 D ec. 31 1907. $898,210,050 00 5,580,385 26 399,700,380 38 Increase ( + ) or Decrease (— ). +$543,940 00 — 473,180 00 + 5,434,356 60 Total gross d ebt_____ _____ S1.309,055.938 24 $1,303,550,821 64 +$5,505,110 60 Cash balance In Treasury* 410,417,301 33 419,519,990 90 — 3,102,089 03 Total net d e b t ...................... $892,638,030 91 $884,030,830 68 +$8,607,800 23 ♦Including $150,000,000 reserve fund. The foregoing figures show a gross debt on Jan. 31 of §1,309,055,938 24 and a net debt (gross debt less net cash in the Treasury) of §892,638,036 91. T R E A S U R Y CASH A N D D E M A N D L IA B IL IT IE S .— The cash holdings of the Government as the items stood Jan. 31 are set out in the following: ASSETS. | L IA B IL IT IE S . Trust Fund Holdings— $ | Trust Fund Liabilities— $ Gold c o i n . . . .................... 810.215.S69 00|Gold certineates.-.......... 810.215.S69 00 Silver d o lla r s ............. - - 464,704,000 00 Silver certificates---------- 404,701,000 00 Silver dollars of 1890 5,400,000 0 0 1Treasury notes of 1890-5,400,000 00 Total trust fund......... 1 ,280,319,S09 ool Total trust liabilities.1,280,319,809 00 I Gen. Fund Liabilities— General Fund Holdings—• Gold coin and bullion— 26,888 ,5.89 9 9 1National Bank 5% fund. 25 ,821,457 85 Gold certificates............40,586 1,510 0 0 (Outstanding checks and 1-4 1 2 , 153,900 05 d r a ft s ......... ................. Sliver certlflcates______ 11,290,300 00 Silver dollars___________ 8,588,890 00 Disbursing officers’ bal ances ................. 72,348,284 39 Slvcr b u llio n ................... 4,315,900 12 United States notes-----7,509,301 00 Post Office Department 4,398,063 07 Treasury notes of 1890. 7,510 00 a c c o u n t..... ..................... 3,140,551 03 National bank notes-----30,401,444 00 Miscellaneous Items____ Fractional silver coin — 10,810,738 21 Total gen’ I liabilities. 117,862.858 19 Fractional currency-----74 74 Minor coin........................ 1,665,026 95 Bonds and Interest paid. • 15,530 93 T ot. In Sub-Treas’lcs. 142,085,947 94 In Nat. Bank Depositaries Credit Treasurer of U . S- 220,241,418 85 Credit U. S. dls. officers. 11,948,623 80 Total In b a n k s............. 238,190,042 65 In Treas. of Philippine Islands— Cash balance and Reserve — Credit Treasurer of U. S2,189,965 31,811,203 0 1 1Total cash and reserve.. 416,417,301 33 Credlt U . S. dls. officers. -------- ---------- -I Made up of— 4,004,168 9 3 1Available.$260,417.301 33 Total In Philippines.. — ---------------- 1 and IReserve Fund— Reserve Fund Holdings— „„ Gold coin and b u llio n ... 150,000,000 0 0 1Gold Abull.150,000,000 00 Grand total.................. 1,814,600,028 52| Grand to t a l..................1,814,000,028 52 T R E A S U R Y C U R R E N C Y H O L D IN G S.— The following compilation, based on official Government statements, indi cates the currency holdings of the Treasury on the first of November and December 1907 and January and February 1908. Statements ofcorresponding dates in previous yearswill be found in our issue of March 2 1907, page 728. n e t h o l d in g s . N ov. 1 1907. Dec. 11907. Jan. 1 1908. Feb. 1 1908. treasury N e^c(fl!fan d^ok f lB d l^ .'-—*— .237,987,850 245,500,558 249,344,071 217.475.100 Net silver coin and bullion--------- 12,676,901 5,877,403 0,783,191 24,195,150 8,933 Net United States Treasury notes 1 L 0 '4 9,944 7,510 1,998,059 1,405,594 7,509,301 Net legal-tender notes.................... 7,323,079 11.090,231 30,401,444 Net national bank notes...................l+ o o o .o u u 3,221,533 4,650.135 10,810,738 Net fractional s ilv e r ...................... , r? , , t 1,190,084 Minor coin, A c __________________ 1,549,39/ 1.210,429 1,680,639 Total cash In Sub-Treasuries. .277,170,058(1265,119,049 274,500,495(1292,085,948 ess gold reserve fund..................... 150,000,000 150,000,000 15Q.00Q.ooo 150,000,000 C ash b alance in Sub-Treasuries 127,170,058 115,119,049 124,500,495 142.085,948 ash in national b a n k s ................ 220,270,025 230,648,321 250.920.155 238,190,042 ash in Philippine Islands______ 5,064,571 3.93J.-00 4,353,145 4,004,169 N e t Cash In banks. Sub-Treas.362,505,254 355,007,170 385,779.795 384,280,159 Deduct current liabilities.a......... 115,278,235 105,056,150 110,259,804 117,802,858 . . . . _ . . _ . _ . EXCE SS OF .MERCHANDISE IM PO RTS O R E X P O R T S. 12 months ending D ec. 3 1 — C months ending D ec. 31— ..................E x p o r t s $ 1 5 ,1 3 8 ,4 3 9 Exports$54,575,469 1 8 8 2 1882 1883 Exports 62.059.0S1 1 8 8 3 ..................E x p o r t s 1 0 8 .1 4 3 ,1 0 0 1884 Exports 109,348,733 1 8 8 4 .................. E x p o r t s 1 2 0 ,1 0 4 ,5 6 8 1885 ________ Exports 45,067,432 1 8 8 5 .................. E x p o r t s 1 0 0 ,3 8 1 ,1 2 5 1886 ________ Exports 50,953,570 1 8 8 6 ..................E x p o r t s 4 9 ,9 7 4 ,8 3 2 1887 ________ Exports 33,572,093 1 8 S 7 - ..................................E x p o r t s 0 ,4 8 2 ,5 6 6 1888 ________ Exports 27,924,979 1 8 8 8 .................. I m p o r t s 3 3 ,6 5 0 ,3 2 1 1889 Exports 87,239,638 1 8 8 9 .................. E x p o r t s 6 0 ,5 8 4 ,3 8 2 189 0-............................ Exports 52,820,185 1 8 9 0 .................. E x p o r t s 3 4 .1 0 4 ,8 2 2 _ Exports 155,450.274 1 8 9 1 1891 .................. E x p o r t s 1 4 2 ,1 8 8 .7 0 3 1892 Exports 50,004,293 1892 .................. E x p o r t s 9 7 ,4 8 9 .7 0 2 1893 Exports 170,037,003 1 8 9 3 ..................E x p o r t s 1 0 9 ,5 9 2 ,0 0 5 1894 ________ Exports 80,303,235 1 8 9 4 ..................E x p o r t s 1 4 8 ,7 8 9 ,3 0 7 1895 Exports 27,925,824 1 8 9 5 ..................E x p o r t s 2 3 ,1 9 0 ,7 8 9 1896 ............... Exports 250,301,245 1 8 9 0 .................................... E x p o r t s 3 2 4 ,2 5 7 ,0 8 5 1897 ............... Exports 320.121,917 1 8 9 7 ..................E x p o r t s 3 5 7 ,1 1 3 ,8 1 6 1893.............................. Exports 325,301,059 1 8 9 8 ..................E x p o r t s 6 2 0 ,5 8 1 ,8 1 8 1399, - .............. Exports 271,920,804 1 8 9 9 ..................E x p o r t s 4 7 0 ,5 0 0 ,5 6 1 1900 . Exports 370,181,301 1 9 0 0 — ............................ E x p o r t s 6 4 8 ,7 9 0 ,3 9 0 1901 Exports 290,544,432 1 9 0 1 ..................E x p o r t s 5 ,8 4 ,9 5 5 ,9 5 3 1902 Exports 209,515,042 1 9 0 2 ..................E x p o r t s 3 9 1 .3 6 9 ,0 0 9 1903 Exports 304,351,356 1 9 0 3 ..................E x p o r t s 4 8 9 ,2 5 8 .7 5 0 1904 Exports 250,021,0001 9 0 4 ....... E x p o r t s 4 1 5 .4 0 9 ,5 5 0 1905 Exports 290,918,0501 9 0 5 .............. . E x p o r t s 4 4 7 ,8 4 6 ,2 4 5 1900........ Exports 257,258,404 1 9 0 6 ..................E x p o r t s 4 7 7 ,7 4 1 ,8 9 2 1907.............................. Exports 310,934.385 1907 . Exports 500,105,57^ [V O L . L X X X V I Available cash balance.............. 237,227,019 250,551,014 269,519.991 206,417,301 "Chiefly disbursing officers’ balances.” d Includes $4,315,900 silver bullion and $1,080,639 minor coin, A c., not Included In statement "S tock of M oney.” a T ru st B O STO N , W e fu r n is h b e lo w P h ila d e lp h ia , N e w C cm xpany P H IL A D E L P H IA , N E W Y O R K , f> c tim ts , B R O O K L Y N A N D ST. L O U IS . c o m p le t e c o m p a r a t i v e s t a t e m e n t s o f t h e c o n d i t i o n o f a ll t h e t r u s t c o m p a n i e s in Y ~ork a n d S t. L o u is . T h i s is s t a te m e n ts o c c u p y a lto g e th e r fo u r te e n p a g e s . in v ie w 387 THE CHRONICLE Feb . 15 1008. | o f t h e s p e c ia l s tr a in t o w h ic h in c o n t in u a t io n T h ese sta tistic s of a p r a c tic e b e g u n s o m e s i x y e a is w ill be fo u n d p a r tic u la r ly in te r e s tin g t h e t r u s t c o m p a n i e s w e r e s u b je c t e d d u r i n g t h e p a n i c in B o sto n , ago. I he th is t im e O cto b ei and N o vem ber. The d a te s s e le c te d fo r c o m p a r iso n as in t h e c a s e o f th e N e w are D ecem b er 31 Y ork fo r e a c h o f th e la s t th r e e y e a r s . c o m p a n ie s , w e h a v e a ls o s o u g h t t o A s, h o w e v e r, th e are D e c e m b e r 31 190. , June 30 1907 an d D ecem bei In th e ca se ol g e t fig u r e s fo r D e c e m b e r 3 1 fis c a l p e r io d s o f t h e s e a n d S t . L o u is 1 9 0 6 , o y v h e ie , c o m p a n ie s do not th e B o s to n , th e I h ila a e lp h ia c o m p a n ie s h a v e n o t fo u n d a ll c o r r e s p o n d w i t h it c o n v e n ie n t t o fu r n is h e d in s t e a d t h e la t e s t c o m p le t e fig u r e s a v a ila b le u s u a lly and th e a n d J u n e 3 0 , a n d h a v e q u ite la r g e ly th o se d a te s, a n d th o s e d a te s a re r e q u ir e d b y th e S t a t e a u th o r itie s , se v e r a l o f th e B o s t o n c o m p a n ie s a n d d e lp h ia 31 c o m p a n ie s , t h e J u n e 3 0 fig u r e s a r e n o lo n g e r c o m p ile d , t h e o a t e s o f c o m p a i i s o n no a num ber S t. L su cceed ed . le tu r n s o f th e fo r I h ila . c o m p ile s ta tis tic s to D e c e m b e r 3 1 , b u t h a v e s o m e d a t e in D e c e m b e i . B O STO N COM PANIES. Columbia Trust Co. (Boston). American Trust Oo. (Boston). 0 7 . D ec. 31 ’ 00 D e c . 31 ’ 0 7 . J ’ n e 2 9 $ 1 ,0 3 1 ,1 7 0 $ 2 ,5 9 7 ,7 3 0 R a ilroa d an d oth er b o n d s .......... ............$1 5 ,0 4 0 ,0 0 8 5 ,7 4 4 ,8 2 5 i-> T i m e l o a n s o n c o l l a t e r a l __________________ 3 4 2 8 ,7 8 8 ' 3 ,2 9 7 ,2 5 0 D em and loans on colla te r a l___________ •ras 1 ,7 5 9 ,8 4 4 3 ,3 9 3 ,5 4 4 R esou rces— C ash on hand In b a n k s ________________ 2 .0 o u ,7 « o -pota!________________ ______ ________ .$ 1 1 ,7 2 0 ,0 2 0 $12,459 ,870 $15,033,358 C a ^ t K o c k l ........................... - ................ SI . 000.000 q w „, t o t a l -------------------------------------------J 9 0 7 . $ 1 , 000,000 $ 1 ,000,000 1 ,5 0 0 ,0 0 0 2 7 7 ,0 0 9 9 ,6 8 2 ,8 6 1 1 ,5 0 0 ,0 0 0 2 5 1 ,9 7 4 1 2 ,2 8 1 ,3 8 4 . . .$ 1 1 , 7 2 0 , 0 2 0 $ 1 2 ,4 5 9 ,8 7 0 $ 1 5 ,0 3 3 ,3 5 8 1906. 1 3 4 3 ,’299 741 S u r p l u s f u n d _____________________ ___________ U n d i v i d e d p r o f i t s ------------------------------- l — G c n ’ l d e p o s it s p a y a b le o n d e m a n d — 8 ,8 7 6 ,2 7 9 8% Bay State Trust Oo. (Boston). J a n . 6 '0 8 . J u l V 8 ’ 0 7 . J a n - 3 ’ ° 7 ' - ------------------------ 3 « M 7 5 S 3 .0 6 0 .0 0 0 $ 3 ,4 8 2 ,5 0 9 7 3 5 ,6 2 5 1 ,2 6 8 ,8 6 5 1 la n o n n 1 4 0 .0 0 0 1 3 0 .0 0 0 M assachusetts b o n d s --------------------------laO.OOO 1 ,0 2 1 ,9 4 1 1 ,2 0 0 ,2 7 6 O t h e r b o n d s ----------------------------------------------------5 ' “ 2 5 0 .0 0 0 2 5 0 .0 0 0 R ea l e s t a t e ---------- ---------------------------------To ?»’?><>« 1 , 2 4 3 ,8 2 0 9 7 9 ,5 9 4 C a s h In o f f i c e a n d b a n k s -----------------------1 ,1 8 9 ,9 8 8 l o a n s . - - - - ------------------------------------ T o t a l .................................- ..................................... $ 5 , 9 1 8 , 1 3 8 L ia b ilitie s— » C a p i t a l s t o c k _____ * . --------------------------------------$ 5 0 0 ,0 0 0 S u r p l u s f u n d ------------------ ----------------- --------------(> 0 0 ,0 0 0 D a r n i n g s u n d i v i d e d -----------------------------------1 2 7 ,9 1 8 D e p o s i t s _____________________________________ 4 ,7 9 0 ,..2 0 T o t a ! ............... ......................................................... $ 5 , 9 1 8 , 1 3 3 X o tc . $ 0 ,8 8 8 ,7 3 5 $ 6 ,8 7 3 ,8 9 5 $ 5 0 0 ,0 0 0 5 0 0 ,0 0 0 1 4 0 .3 3 2 5 ,7 4 8 ,4 0 3 $ 5 0 0 ,0 0 0 5 0 0 ,0 0 0 1 1 0 ,9 4 6 5 .7 6 2 ,9 4 9 $ 6 ,8 8 8 ,7 3 5 $ 6 ,8 7 3 ,8 9 5 Beacon Trust Co. (Boston). D ec. 31 ’ 0 7 . $ 1 ,8 6 9 ,4 6 6 1 .0 1 5 ,7 3 9 4 5 ,0 0 0 2 3 1 ,2 1 7 5 9 9 ,7 1 8 . _____ .. . . . . . . J ’n e 3 0 ’ 0 7 . $ 1 ,9 3 5 ,5 1 1 1 ,1 3 6 ,2 9 6 4 5 ,0 0 0 3 4 1 ,9 5 7 4 8 2 ,6 3 7 L ia b i l i t ie s — D a r n in g s $ 3 ,8 4 0 ,7 5 6 $ 1 0 0 ,0 0 0 2 0 0 ,0 0 0 1 2 4 ,0 6 0 3 ,0 3 7 ,0 8 0 $ 4 0 0 ,0 0 0 2 0 0 ,0 0 0 9 4 ,5 4 9 3 ,2 4 0 ,8 5 5 $ 4 0 0 ,0 0 0 2 0 0 ,0 0 0 7 1 ,5 5 0 3 ,1 7 8 ,2 0 6 _ $ 3 ,7 6 1 ,1 4 0 $ 3 ,9 4 1 ,4 0 4 $ 3 ,8 4 9 ,7 5 6 . u n d i v i d e d ------------------ T o t a l . .................. - ............................ Jan. 7 ’07. $ 1 ,8 6 3 ,7 0 6 1 ,1 6 5 ,9 7 1 4 8 ,5 0 0 2 2 1 ,3 6 2 5 5 0 ,2 1 7 $ 3 ,9 4 1 ,4 0 4 _ $ 3 ,7 6 1 ,1 4 0 Boston Safe Deposit & Trust Co. (Boston). D e c . 3 1 ’ 0 7 . M a y 2 0 ’ 0 7 . D e c . 3 1 ’ 0 (L $ 5 5 0 ,0 0 0 $ 5 5 0 ,0 0 0 * $ 5 3 6 ,2 5 0 ■M assachusetts b o n d s -----------•200,000 • 1 9 6 ,0 0 0 ] f • C it y b o n d s . • 6 0 0 ,0 0 0 • 6 6 9 , 0 0 0 1 • 1 ,0 0 5 ,0 9 3 1 • R a ilr o a d b o n d s . 2 0 5 ,9 6 8 l • 8 0 .0 0 0 J O th e r b o n d s . 1 1 ,3 9 0 ,8 4 7 1 0 ,8 0 0 ,9 9 7 9 ,3 4 7 ,8 0 8 L oans___________ ______ ___________ 6 0 3 ,5 5 9 5 9 6 ,9 7 7 6 8 1 ,1 3 9 C a s h In o f f i c e ----------------------- -------------- -----------1 ,8 9 9 ,7 2 3 1 ,3 5 9 ,0 1 8 1 ,7 0 3 ,9 2 3 C a s h In b a n k s ............ - - - - - - — -------------3 3 ,4 0 2 1 ,0 1 3 3 3 ,3 2 8 O v e r d r a f t s a n d a c c r u e d i n t e r e s t ----------2 4 ,4 5 8 4 0 0 ,0 0 0 R esou rces— S t o c k D . S . D . & T . C o . h e ld fo r d l s t . _ J ’ n e 3 0 '0 7 . 5 7 4 ,5 0 0 4 2 6 ,4 0 8 1 ,4 5 0 D e c . 31 ’ 0 6 $ 5 9 ,5 0 0 4 0 7 ,9 8 1 7 ,4 0 0 2 2 ,5 6 5 2 6 ,4 6 6 7 ,4 0 0 2 0 ,2 5 8 6 9 ,8 2 0 7 ,4 0 0 5 0 ,4 7 4 3 2 ,4 7 4 $ 5 4 3 ,8 3 3 __ $ 1 0 0 ,0 0 0 3 3 ,9 8 4 4 0 9 ,8 4 9 $ 5 9 9 ,8 4 5 S 5 5 8 .G 6 9 $ 1 0 0 ,0 0 0 3 4 ,2 6 0 4 6 5 ,5 8 5 $ 1 0 0 ,0 0 0 3 5 ,9 1 2 4 2 2 ,7 5 7 $ 5 9 9 ,8 4 5 1007. 2% 5% $ 5 5 8 ,6 6 9 1906. 2% 4% $ 5 4 3 ,8 3 3 R a te o f In te re st o n d e p o s its o f $ 5 0 0 a n d o v e r — D i v i d e n d s p a i d In c a l e n d a r y e a r ------------------------------ -- 1,0 0 0 Commonwealth Trust Co. a (Boston). R esou rces— D ec . 31 ’ 0 7 . J u n e 3 0 *07. R o n d s a n d m o r t g a g e s ---------------------$ 7 9 0 ,7 2 5 5 ,6 0 7 ,6 7 .. 7 ,0 1 0 ,0 8 4 D e m a n d a n d t i m e l o a n s ---------------------------R e a l e s t a t e - __________________________________ 3 0 9 ,9 5 0 £ .6 ,0 0 5 C a s h o n h a n d --------------------------------------------------4 7 7 ,7 ? ? , ? ? 2 ,4 3 9 C a s h o n d e p o s i t -------------------------------------------8 1 9 ,9 6 8 1 ,2 6 2 ,6 0 5 O t h e r a s s e t s __________________________________ 2 7 ,8 0 8 2 0 ,0 3 1 D e c . 31 ’ 0 0 . $ 8 3 2 ,5 3 6 6 ,2 8 1 ,2 7 2 2 7 0 ,0 0 0 4 7 9 ,3 1 4 9 4 0 ,6 1 2 5 8 ,8 0 0 ............................................... $ 8 , 0 3 3 , 8 8 9 T o t a l ___________________________ L i a b ilit ie s — ______________ C a p i t a l ___________________________ $ 1 ,0 0 0 ,0 0 0 S u r p l u s a n d u n d i v i d e d p r o f i t s ---------------7 8 6 ,6 4 8 D e p o s i t s ___ _________________________________ 6 ,2 4 7 ,2 4 1 $ 9 ,9 2 5 ,9 7 1 $ 8 ,8 6 2 ,5 3 4 $ 1 , 000,000 $ 1 ,000,000 7 8 1 ,5 2 3 8 ,1 4 4 ,4 4 8 7 3 0 ,6 0 6 7 ,1 3 1 ,9 2 8 $ 8 ,0 3 3 ,8 8 9 $ 9 ,9 2 5 ,9 7 1 1907. $ 8 ,8 6 2 ,5 3 4 1906. T o ta l. - R a t e o f in te r e s t o n d e p o s it s o f $ 5 0 0 a n d o v e r , 2 % . R esou rces— T i m e l o a n s __________________________ D e m a n d l o a n s _____________________ M a s s a c h u s e t t s b o n d s ---------------O t h e r i n v e s t m e n t s -------------------C a s h in o f f i c e a n d b a n k s ............ D ec. 31 ’ 0 7 . $ 7 4 ,5 0 0 4 1 1 ,4 5 2 1 ,4 5 0 T o t a l ________________________________ L i a b i l i t ie s — C a p i t a l s t o c k ________________________________ S u r p l u s a n d p r o l l t s ________________________ D e p o s i t s _____________________________________ n oih iircp 'i__ T i m e l o a n s - ..................... — D em and , . T ota l . 1% 8% R a t e o f I n t e r e s t o n d e p o s i t s o f 5 5 0 0 a n d o v c i ------------D i v i d e n d s p a i d In c a l e n d a r y e a r ----------- ............................... R esou rces— C i t y a n d r a i l r o a d b o n d s _____ L o a n s ________ _________ ___________ R e a l e s t a t e _____________________ F u r n i t u r e . & c _ _ ______________ S a f e d e p o s i t v a u l t s ____________ C a s h In o f f c e ____________________ C a s h i n b a n k s __________________ 2% 0% R a te o f In te re st o n d e p o s its o f $ 5 0 0 a n d o v e r — D i v i d e n d s p a i d In c a l e n d a r y e a r --------------------------------- Dorchester Trust Co. a (Boston). R esou rces— R o n d s a n d m o r t g a g e s ---------------------------------------------------------------------S t o c k '■ a n d b o n d I n v e s t m e n t s ( m a r k e t v a l u e ) ----------------------L o a n s o n c o l l a t e r a l ---------------------------------------------------------------------------O t h e r l o a n s , I n c l u d i n g b i l l s p v . r c h a s c d ............... ......................... D u e fr o m tru s t co m p a n ie s , b a n k s , b a n k e rs a n d b r o k e r s . R e a l e s t a t e , f u r n i t u r e a n d f i x t u r e s ............ ............................ ........... S p e c i e --------------------------------------------------------------- ----------------------------------------L e g a l t e n d e r n o t e s a n d n o t e s o f n a t i o n a l b a n k s ---------------- D e p O S lt t ' " I I I I I I ________ T o ta , 70 0,20 5 1 0 ,5 4 7 ,2 9 1 0 3 3 ,04 s 1 1 ,8 5 0 ,4 5 1 $ 1 3 ,6 5 1 ,4 4 8 $ 1 4 ,3 3 7 ,5 5 6 $ 1 5 ,4 8 3 ,4 9 9 1907. R a te o f In te re st p a id on d e p o s its o f $ 5 0 0 a n d o v e r . . D l v l e d n d s p a i d i n c a l e n d a r y e a r ............................................ * v a l u a t i o n s f o r D e c . 31 2% 1 4 /0 1 0 0 .6 . 2% 13% 1907 a re a t m a rk e t v a lu e ; fo r o th e r p e r io d s , p a r C a p i t a l U tlCS~ .................................................................................... ................. S u r o l i i s ' a n d 'u n d i v i d e d 'p r o f i t s o n m a r k e t v a l u e o f s t o c k s & b o n d s D e p o s i t s s u b j e c t t o c h e c k ( n o t p r e f e r r e d ) ............................................ ........... C e r t i f i c a t e s o f d e p o s i t ( n o t p r e f e r r e d ) ----------------------------------------------------- - $ 2 0 0 ,0 0 0 3 '* , 3-,11 0n 1 2 3 ,0 1 0 345 l t I e s ............ .. ............................................................... - ...................... T o t a l lla b il U n d i v i d e d p r o f i tt ss o n b o o k v a l u e o f s t o c k s a n d b o n d s ..................... .. $ 3 2 7 ,5 6 5 $ 3 ,3 1 0 a R egan b u s in e s s D ec. 2 1907. Exchange Trust Co. a (Boston). l $ 5 7 3 ,0 9 8 T o t a l ........................................................................................................................ $ 5 7 3 ,0 9 8 Oct. 31 ’ 06 $ 3 0 3 ,1 2 0 tS’2O 8160 ^ K o C a s h o n h a n d and In” b a n k s ! 1 1 1 1 1 1 I 5 ,1 3 8 ,4 4 4 4 ,7 7 8 .9 2 0 5 ,1 1 5 ,0 8 3 Syndicate participations.............. .......................... _ _ _ I _ ....... ........... T ota l ______________________________________ $ 2 3 , 0 4 2 , 0 3 3 lo t a i— - ......................................... $ 2 5 ,0 3 3 ,7 8 0 _______ £ 2 3 . 0 4 2 , 0 3 3 • $ 1 ,5 0 0 ,0 0 0 2 ,5 0 0 ,0 0 0 3 3 2 ,7 8 6 2 0 ,7 0 5 ,0 9 4 a R e g a n b u s in e s s O c t . 1 1 9 0 7 . D e c . 3 '0 7 . R esou rces— R e a l e s t a t e m o r t g a g e s -----------------------------S t o c k s a n d b o n d s ............................................... 4 5 6 ,5 o 0 L o a n s ----------------------------------------------------------------C a s h o n h a n d .......................................................... C a s h o n d e p o s i t -------------------- -------------- ---------M i s c e l l a n e o u s ............... ...................... .................... 8 8 ,4 .5 7 M a y 20 ’ 0 7. $ 2 4 1 ,2 5 2 4 5 4 ,3 0 2 2 ,2 8 6 ,0 7 1 1 7 1 ,8 1 8 2 9 1 ,2 7 0 8 4 ,4 7 2 D e c . 31 '0 6 $230152 3 7 1 ,7 6 9 2 ,9 2 5 ,4 2 4 1 7 9 ,2 6 2 4 4 2 ,5 1 8 5 ,2 7 1 $ 3 ,1 9 7 ,9 2 2 $ 3 ,5 2 9 ,1 8 5 $ 4 ,1 5 4 ,3 9 6 $ 5 0 0 ,0 0 0 1 5 0 ,0 0 0 3 8 ,5 3 2 $ 5 0 0 ,0 0 0 1 5 0 ,0 0 0 3 4 ,3 4 7 2 ,5 0 8 ,8 1 0 580 2 ,8 4 4 ,0 0 9 829 $ 5 0 0 ,0 0 0 1 0 0 ,0 0 0 8 1 ,5 1 9 1 1 ,0 1 8 3 ,4 6 1 ,2 9 2 567 $ 3 ,1 9 7 ,9 2 2 $ 3 ,5 2 9 ,1 8 5 $ 4 ,1 5 4 ,3 9 6 $ 2 5 ,1 0 9 ,9 8 6 $ 1 ,5 0 0 ,0 0 0 2 ,5 0 0 ,0 0 0 136,800 2 1 ,0 0 3 ,1 8 6 _ $ 2 5 ,0 3 8 ,7 8 0 $ 2 5 ,1 9 9 ,0 8 6 1007. 1906 R a te o f Interest on deposits o f S500 and o v e r . .......... 2% 2% D i v i d e n d s p a i d In c a l e n d a r y e a r . ......................................... » /o 0 /0 * 2 5 2*2XJ5 o «>i 0 0 8 Federal Trust Co. (Boston). 3 .» 3 E } 33 C a n f t a l 's t o c i T - - - ............... $ 1 ,5 0 0 ,0 0 0 S n r n ln s f u n d __________ 2 .5 0 0 .0 0 0 U n d i v i d e d o r o ' n t i ________ 5 1 1 ,2 5 5 D e p o s i t s 0 - - - - - - 1 H U - _________________ 1 8 , 5 3 0 , 7 7 8 . 31 ’ 0 7 . $ 8 ,9 0 0 8 1 ,7 1 4 2 5 2 ,8 6 0 1 2 0 ,6 2 4 1 0 3 ,0 0 0 T o t a l .....................................................— - ............................................. - ................. L i a b i l i t ie s nrm C a p i t a l ............ ...................................... S u r p l u s -------------------------------------------------- -D e p o s i t s ___________________________ _______________________ ________________________ City Trust Co. (Boston). Tiesnurces— J a n . 3 1 0 8 . M ay 2 0 ’ 0 7 . U . S', a n d S t a t e o f M a s s , b o n d s -------------1 $ 2 , 9 0 5 , 8 0 I f $ 1 2 8 ,0 0 0 O t h e r b o n d s a n d s t o c k s ---------------------------- J lo a n s ............ - 4 ,0 0 0 7 4 ,8 9 6 1 6 5 ,4 9 0 6 7 ,3 3 5 391 400 9 ,0 5 2 $ 3 2 7 ,5 6 5 $ 4 ,0 0 0 4,000 9 ,8 9 2 ,0 8 6 $ 6,000 T o t a l r e s o u r c e s --------------------------------------------------------------------------------------B o o k v a l u e s t o c k s a n d b o n d s . - -------------------------------------------------------------- R esou rces— rVntn, $ 1 3 , 6 5 1 , 4 4 8 $ 1 4 , 3 3 7 , 5 5 6 $ 1 5 , 4 8 3 , 4 9S9t a t e o f M a s s a c h u s e t t s b o n d s ---------------------------------------------------------------------C a s h In o f f i c e a n d b a n k s ............................................................................................. T r u s t d e p a r t m e n t ( a d d i t i o n a l ) ---------- . $ 1 1 , 8 0 4 , 2 2 0 $ 1 2 ,2 7 4 ,3 1 2 $ 1 2 ,2 8 2 ,5 7 9 D e m a n d l o a n s --------------------------------- --------------------------------------------------------------------T i m e l o a n s --------------- ------------ ------------------------------------------------------------- -----------------........- $ 1 , 000,000 $ 1 ,000,000 $ 1 ,000,000 rn m ?»/^ fn c iT ------------ ------------- • . 2 ,000,000 2 ,000,000 2 ,000,000 L o a n s o n r e a l e s t a t e ------------- -------------------------- ------------- ......................... ............. B a n d i t s -------------------------- 758,4 02 . 31 ’ 0 7 . L i a b i l i t ie s — S u r p l u s f u n d ----------------------------------------------- U n d i v i d e d p r o f i t s ----------------------------------- -D e p o s i t s In t r u s t -------------------------,----------- - G e n e r a l d e p o s i t s p a y a b l e o n d e m a n d .. D i v i d e n d s ---------------------------------------------------------T o t a ) ................................................................ 388 l i r a THE CHRONICLE. E B 3 3 1 I n t e r n a t i o n a l T r u s t l O o .3 ( B o s t o n ) s t o o T lm e ln a n * ^ l n r f ^ •'*I ' D e c - 3 ’ 0 7 b 0 n d S ------------------------------------------ $ 7 , 0 1 1 , 0 9 2 M a V 2 0 ’ 0 7 . D e c . 3 1 > 06 . $ 7 ,2 9 2 ,8 1 4 $ 8 ,6 8 4 ,5 3 5 BBSS O t h e r ° a U heat s d a n d l ’. 2 7 8 ' . 5 2 2 L i a b i l i t ie s — -------------------------------------------------- $ 1 6 , 3 4 8 , 7 3 0 -------------------------------------------------- $ 1 , 0 0 0 , 0 0 0 T T n ^ /v lr i/r t « ’ V * -------------------------------------------4 ,0 0 0 ,0 0 0 n r n n l t l d P r 0 f l t s -----------------------------------------1 7 7 ,9 1 4 D e p o s i t s ---------------------------------------------------------- 1 1 . 1 7 0 , 8 1 6 T o t a l ------------------------------------------------------------ $ 1 0 , 3 4 8 , 7 3 0 \\5 4 2 ’, 0 9 9 $ 1 ,0 0 0 ,0 0 0 4 ,0 0 0 .0 0 0 2 4 9 ,1 9 8 1 3 ,5 2 5 ,9 3 4 $ 1 ,0 0 0 ,0 0 0 4 ,0 0 0 ,0 0 0 1 4 2 ,2 0 4 1 5 ,8 3 4 ;i3 4 $ 1 8 ,7 7 5 ,1 3 2 $ 2 0 ,0 7 6 ,3 3 8 1S>2 % io % 2% 16% C o . a ( B o s t o n .) R esou rces— U n i t e d S t a t e s a n d S t a t e o f M a s s a c h u s e t t s b o n d s __________ L o a n s o n r e a l e s t a t e __________________________ _ D e m a n d l o a n s __________________________ T i m e l o a n s _____________________________________________ M i l l : : ---------------------B a n k i n g h o u s e , f u r n i t u r e a n d f i x t u r e s - - .................. .............. C a s h o n h a n d a n d I n b a n k s _____________________________________________ ” 1 jJ ec 3 ’ 0 7 S 21 8 9 7 * a s in n in a n n n 5 1 5 in n 0 V 17 1 2 0 ’0 33 LtlSmhii-....................................-........................... S & 'S fr iw , **»•»» : .................................................... « » » • « « D e p ° s l t s ......................- ............................- - ............... - ................... o o 4 : 6 ? e T o t a l ------------- ---------------------------------- - ............................ .. .................................. a B egan b u s in e s s S ep t. 10 T o t a l ......................... $ 1 ,3 1 8 ,6 9 6 L ia b ilitie s — C a p i t a l s t o c k --------------------------------------------------$ 1 0 0 ,0 0 0 S u r p l u s f u n d --------------------------------------------------7 5 ,0 0 0 U n d i v i d e d p r o f i t s ________________________ 2 2 ,9 5 9 G e n e ra l d e p o s its p a y a b le o n d e m a n d 1 ,1 1 8 ,7 3 7 O t h e r l i a b i l i t i e s --------------------------------------------2 ,0 0 0 T o t a l ................................................. $ 1 ,3 1 8 ,6 9 6 $1,50 9 ,9 6 0 $ 100,000 75,000 13,109 1,319,849 $ 1 ,4 1 9 ,0 5 9 S ta t i s ti c s f o r C a le n d a r Y e a r — I n t e r e s t c r e d i t e d d e p o s i t o r s d u r i n g y e a r _____________ E x p e n s e s o f I n s t i t u t i o n , s a m e p e r i o d __________________ A m o u n t o f d i v i d e n d s o i l c o m p a n y ' s s t o c k ____________ A m o u n t o f d e p o s i t s r e c e i v i n g I n t e r e s t _______________ R a t e o f I n t e r e s t p a i d o n d e p o s i t s _______________________ 1907. $ 2 2 ,0 5 4 2 5 ,0 0 0 4 ,0 0 0 1 ,1 3 2 , 7 0 0 ’jo * 2,002 $1,509,960 1906. $19,200 22,400 4,000 960 ,000 2% -------------------------------------------------------------- $35 ,3 6 2 ,1 4 9 $ 4 2 ,4 5 4 ,3 0 8 $ 4 1 ,8 4 9 ,2 2 3 Resources— T im e l ; e n s ____________________________ D em a n d l in n s ________________________ S to c k s a n d b o n d s ------------------------------- D u e from b a n k s . ______ _______ ___ _ Cash o n h a n d -------------------------------------- . O th er a ssets________ ___________________ Dec. 3 ’07. $98 8,37 9 700 ,169 60,350 177,850 258 ,315 1,500 T o t a l . __________________ _______ . $2 ,1 9 3 ,0 6 9 L i ib ilit ic s — ■pltal s t o c k _________ _______ ________ . S ir p lus f u n d _________ ______ _______ . U n d iv id e d p r o f i t s . . .................................. . D .p i s i t s ....................................... ........... . C $50 0,00 0 120,000 23,743 1.549,326 T o t a l ........................................................ $2,821,744 $ 2 .8 2 1 ,7 4 4 1 ’ 08. $ 2 ,7 3 2 ,8 8 7 $ 4 1 ,8 4 9 ,2 2 3 1906. 2% 20% 16” Puritan Trust Co. (Boston). C a p ital s t o c k ------------------ ----------- ---------Su rplu s fu n d _ E a rn in gs u n d iv id e d _______ D i s c o u n t ________________ D ep osits __________________________ _ _ E x ch a n g e a c c o u n t _________ _ D iv id e n d s u n p a id _______ . T re a su re r’s c h e c k s ____ O th er lia b ilitie s____________ . . " I I I ” $ 2 ,6 5 3 ,8 1 2 20 ’ 0 7 . $294,085 -2 ,0 31,028 8,488 25,212 5,455 152,445 460 ,807 1 1 ,802 33,1 37 4,054 M a y 31 ’ 06. $20 5,94 5 2,63 4 ,4 9 6 19,967 24,867 18.404 177,393 383,760 5,47^ D ec. ' 4 ,989 $ 3 ,0 2 6 ,6 0 3 $ 3 ,475,299 000 130,000 49,686 $200 ,000 1 3 0 ,000 2.148,469 2 ,6 2 6 ,1 4 8 $ 200,000 130,000 40,008 18,979 3,073,701 768 402 11 441 $200 40 ,308 474 125,183 384 ,2 5 4 ,509 T o t a l ------------ ----------- ----------- --------- $2 ,6 3 3 ,8 1 2 $3 ,0 2 6 ,6 0 3 $3 ,4 7 5 ,2 9 9 State Street Trust Co. (Boston). R e so u rce s— .. 3 '0 7. $ 6 ,0 0 8 ,3 5 5 .. 1 ,3 46,189 - 106,024 20 ’ 07. $6,85 8 ,4 3 0 413 ,057 1,05 8 ,9 7 8 281 ,250 134,056 D ec. L o a n s _____________ B o n d s and s t o c k s . M a y 31 ’ 00. $7,707,611 508,213 1 ,1 90,668 285,606 O ct. T o t a l __________ ... $3,20 7 ,0 2 5 T ru st d ep a rtm e n t (add’ lU o n 'a 'l)I I " . 6 1 ,799,219 L ia b ilit ie s — C a pital s t o c k ________ _______ _ $60 0,00 0 Surplus an d u n d iv id e d p r o f it s .. 712 ,904 D e p o s i t s _____ ______________________ - 6,894,121 $ 8 ,7 4 6 ,6 7 7 $ 9 ,752,098 $007,341 $60 0,00 0 072 ,240 7,474,431 $60 0,00 0 6 0 6 ,0 9 8 8 ,5 4 6 ,0 0 0 T o t a l.............................................................- $8,20 7 ,0 2 5 $8 ,7 4 6 ,6 7 7 $9 ,7 5 2 ,0 9 8 Figu res, of d a te O ct 31, 1907. United States Trust Co. (Boston). $2,734,810 New England Trust Co. (Boston). Ja n . $1 ,5 0 0 ,0 0 0 5 ,5 0 0 ,0 0 0 176,784 3 4 ,6 7 2 ,4 3 9 T o t a l ---------------------------------------------- .$ 3 5 ,3 6 2 ,1 4 9 $ 4 2 ,4 5 4 ,3 0 8 6 $500,000 115,000 31.190 2,17 5 ,5 5 4 $1 ,5 0 0 ,0 0 0 5 ,5 0 0 ,0 0 0 127,725 35,16 4 ,0 7 0 162,513 R a te o f Interest o n d e p o s its o f $500 a n d o v e r .......... D iv id e n d s p aid In ca le n d a r y e a r ____________________ ' R e a l e s ta te _______ S y n d ica te p a r tic ip a t io n s . M e c h a n ic s ’ T r u s t C o . (B o s to n ). S to ck s a n d b o n d s. ... R ea l e s ta te — ............ - .................. D em a n d an d tim e lo a n s ________ Cash In b a n k a n d o f f i c e . ........ .. O th er a s s e t s .. ___________________ L ia b ilit ie s — C a p ita l s t o c k -------- -------------------------------- $1 ,5 0 0 ,0 0 0 Su rplu s f u n d ----------------------------------------5 ,5 0 0 ,0 0 0 E a rn ings u n d iv id e d _______________ . 389 1 1 2 D ep osits ______________________________ 2 7 3 2 5 807 O th er lia b ilitie s ________________________ 147^230 T o t a l - ---------------------- ----------------------- $ 1 0 0 ,0 0 0 7 5 ,0 0 0 13 141 1 ,2 0 5 ,5 3 0 1 6 ,3 8 8 1 9 0 r>'? o12% 1 5 % r „ n ^ 0llrCfS ’ 0 7 . O c t . 31 ’06 f e n ^ s - b S n d i -------------------------,3 1 6 .5 3 9 ,4 7 1 $21 ,3 8 8 ,5 4 2 . $ 1 9 , 3 5 ^ 353 760 O th er b o n d s an d s t o c k s _____________ } 8 ,7 2 2 ,0 5 9 8,688,4271 11 ,9 4 2 ,4 4 7 R e a l e s ta te --------------------------------------------1,50 5 ,5 5 0 1,498,455 1,48 9 ,0 0 0 S y n d ic a te p a r t ic ip a t io n s .____________ 2 ,7 1 6 ,2 2 0 1,724,325 Cash in o f fi c e ----------------------------------------1.717,939 1,788,276 2 ,1 5 1 ,3 8 9 Cash In b a n k s _____ __________ . 4 0 0 4 298 7,23 4 ,2 7 8 6 ,5 5 5 ,1 1 0 O th er a sse ts___________ 156,613 132,005 L ia b ilit ie s — T l ,4 1 0 ,0 5 9 1 0 ° 7 ’2 <^ Old Colony Trust Co. (Boston). D e c - 3 ’0 7 - M a V 20 D e c. 3 >0 7 . B o n d s an d s t o c k s -------------------------------$ 22 7,97 9 L o a n s ............... ..................... ........... . 2-------,0 7 7 ,3 0 2R e a l e s ta te _______________ . 2,406 B a n k b u i l d in g .________ ______ IT 25,212 E x p e n se a c c o u n t _____________ " Cash in o f fi c e ____________ 108,206 Cash in b a n k s ____________ ___________ 152,706 S afe d e p o s it v a u lt s _________ __________ 15,583 S y n d ic a te p a r ticip a tio n s .......... ........... 44,150 M iscellaneous _________________ 268 M a tta p a n D e p o s it & T r u s t C o . (B o s to n ). R e so u rce s— T o t a l ------------------------------------------------ $17 ,8 9 2 ,8 6 8 $20 ,0 2 4 ,2 6 9 $19 ,7 7 1 ,3 7 8 R a te o f in terest o n d e p o sits o f $500 a n d o v e r . D iv id e n d s p a id In ca le n d a r y e a r ____________________ R e so u rce s— R esou rces— D ec . 31 ’ 0 7 . J u n e 29 ’ 0 7 . R e a l e s t a t e m o r t g a g e s ------------------------------$ 3 4 ,3 7 0 $ 3 7 ,5 0 0 5 0 ,0 0 0 50 000 S t a t e o f M a s s a c h u s e t t s b o n d s __________ L o a n s o n c o l l a t e r a l _________________________ 7 7 2 ,7 2 1 9 1 4 ’834 L o a n s o n p e r s o n a l s e c u r i t i e s ____________ 2 0 2 ,2 3 3 224 368 C a s h o n h a n d --------------------------------------------------1 1 7 ,5 4 8 831912 C a s h o n d e p o s i t ---------------------------------------------1 3 9 ,8 2 4 8 7 ,5 6 2 O t h e r a s s e t s ----------------------------------------------------2 ,0 0 0 1 1 ,8 8 3 31 ’ 0 6 . $ 1 ,000,000 1,800,000 608 ,548 16,362,830 t k ' --------------------------------------- $ 1 ,000,000 $ 1 ,000,000 S u rp lu s -------------------------------------------------1 ,8 0 0 ,0 0 0 ’ 00 1- ,8-0 0 ,0 E a rn in gs u n d iv id e d ----------------------------472 17 5 368 ,550 fJ«P 08 lf.s ---------------------------------------- 14,620,693 16,546,575 O th er lia b ilitie s ________________________ ___ 309 ,144 $ 8 0 8 ,8 3 7 1907. L X X X V I. New England Trust Co. (Boston) — Concluded. ™ J a n - 1 ’° 8 ' M a V 31’ 07. O c t . n $ 1 8 ,7 7 5 ,1 3 2 $ 2 0 ,9 7 6 ,3 3 8 S f t e o f I n t e r e s t o n d e p o s i t s o f $ 5 0 0 a n d o v e r _____ D i v i d e n d s p a i d I n c a l e n d a r y e a r _______________________ L ib e r ty T r u st S«i:S8? [VOL. 31 ’ 0 7 . $ 2 ,848,516 M a y > 31 ’06 ,040,086 975,678 .238,372 .566,187 _ 51,105 T o t a l ----------------------------------------$ 17 ,8 9 2 ,8 6 8 $ 2 0 ,0 2 4 ,2 6 9 $19 7 7 1 ,3 7 8 T ru st d e p a rtm en t (a d d it io n a l)---------- $ 9 ,0 3 8 ,1 8 5 $ 8 ,5 0 9 ,0 3 0 8 119,560 R e so u rce s— D e c . 31 ’07. S to ck s a n d b o n d s ____________________ - $1 ,4 4 9 ,3 8 9 L o a n s _____ ___________________________ - 3 ,0 5 3 ,0 4 7 B4( ,U)4 T o t a l .................... L ia b ilit ie s — C a p ita l s t o c k . ...................................... ... S urplus f u n d ................. U n d ivid ed profits. . G e n ’ l d e p o sits p a y a b le o n d e m a n d . T o t a l ____ . . . . 30 '0 7. $1 ,4 2 8 ,3 5 9 3 ,5 0 6 ,2 8 9 r,o/i 1 r.t\ J 'n c $2 0 0 , 0 0 0 600,000 42,176 4 ,3 0 7 ,9 0 4 ____ A m o u n t d iv id e n d s o n c o m p a n y ’s s t o c k ...................... R a te o f 1n terest p a id o n d e p o s i t s ................................... 31 ’06. $1,03 2 ,7 2 2 3 ,1 9 5 ,9 3 0 KP. ft OA° O ct. $5,454,778 |t)OHpllju $ 2 0 0 ,0 0 0 GOO,000 2 3 ,7 19 4 ,0 3 1 ,0 5 9 $2 0 0 , 0 0 0 500 ,000 90,015 4 ,5 9 3 ,0 4 7 $5,45 4 ,7 7 8 1907. 12% $5,38 4 ,5 6 2 1906. 12% 2% 2% PHILADELPHIA COMPANIES. Aldine Trust Co. (Philadelphia). R e so u rce s- 16 ’ 07. $18 ,200 74,308 291,096 111,096 135,900 D ec. R ea l estate m o r tg a g e s ------------------------S to c k s and bon d s ------------------------------L oa n s on c o lla te r a l______________ . L oans on com m ercia l p a p er . V a u lt s ---------------------------------------------------- 1 F u rn itu re an d f i x t u r e s _____ f Cash on h a n d _________________ . Cash on d e p o s it ____________ _ O th er a s s ets ____________________________ M a y 28 ’ 07. $ 1 4 ,00 0 65,846 16,234 20,209 _______ T o t a l----------------------------------------------L ia b ilit ie s — C apital s to c k (paid I n ) . . Surplus f u n d _____________ _ U n d iv id ed p r o fits _________ _ D ep osits ___________ T reasu rer’ s and certified ch ecks G rou n d r e n t.......... ............- $667,043 $660,493 $18 8,16 9 112,901 3,1 2 6 262 ,159 $161,662 96,998 6,034 295,799 T o t a l ................. ...................................... $607,013 R e so u rce s— 3 1 ’ nr s i 1 ami 559,143 9 ’ ,9 9 279.985 52,500 /3 0 .0 0 0 1 6,385 14,069 44,981 4,400 D ec 688 100,000 $502,86,) $145,700 87,420 269,094 622 100,000 $060,493 $502 8 3 6 ' American Trust Co. (Philadelphia). Cash o n h a n d . ____________ D u e fro m ba n k s, & c ___ _______________ C om m ercia l and o th e r p a p er o w n e d . L oans on c o lla t e r a l___________________ S to c k s , b o n d s, & c _____________________ M o r t g a g e s _____________________________ R ea l e sta te, fu rn itu re a n d fix tu r e s___ O th er assets_________________________ T o t a l----------------------------------------------T ru st d ep a rtm en t (a d d it io n a l)_____ D ec. 31 ’ 07. $21,750 38,074 54,513 395,243 65,881 63,759 65,428 14,776 $719,424 *$ 4 0 , 0 0 3 Ju n e 3 0 ’ 07. $14,319 37,383 57,325 290,275 153,005 79,086 69,916 20,243 $731,152 ’ *$38,465 D ec. 31 ’ 06. $9,165 75,520 45,757 202,127 154,254 125,766 70,238 20,786 $772,615 *$38,390 * Tl?ures are of date Dec. 16 ’07, May 28 ’07 and Nov. 20 ’06 respectively. American Trust Co. (Philadelphia) -Concluded. L ia b ilit ie s — C a pital s t o c k .......... Surplus an d u n d iv id e d profits D e p o s its _____________________ D ec. 31 '0 7 . 200,000 ’ 66,081 452 ,743 30 ’ 07. $ 200,000 60,900 470 ,192 Ju n e 31 ’0 6 . $ 200,000 00,960 511,655 D ec. T o t a l ---------------------------------------------S719.424 $ 7 3 1,15 2 $772,615 .Vale.— R a te o f Interest paid o n d ep osits: !% o n d e p o sits s u b je c t to c h e ck an d 3 % on de p o sits In savin gs fu n d . Central Trust & Savings Co. (Philadelphia). R e so u rce s— S to ck I n v e s t m e n t s ____________________ C om m ercia l & oth er pap er purchased A m o u n t loan ed on c o lla t e r a ls .. . R eal estate, fu rn itu re and fixtures Cash on h a n d ______ ■ Cash on d e p o s i t ___ I ..................... M is c e lla n e o u s _______; 31 ’ 07. $424,541 1,011,819 1,250,326 296 ,832 118,010 465,101 3,6 9 2 Dec. 29 ’ 07. $410,360 1,107,457 1 ,3 39,457 256 ,806 103,380 4 08 ,052 22,395 Ju n e 28 ’ 06. $525 267 1,244,720 1,405,501 216,506 127,028 3 0 0 ,GOO 15 n e N ov. . _ T o t a l------------------------$3,570,321 $3 ,0 4 7 ,9 6 7 $3,894 754 * T ru st d e p a rtm e n t (a d d it io n a l)_____ *$1,035,631 * $ 1 ,047,535 * $ l,0 3 2 !l6 5 L ia b ilit ie s — C a pital s t o c k -------------------------------$ 7 5 0,00 0 $75 0,00 0 $750,000 Surplus f u n d ---------------------------------------3 50 ,000 350 ,000 350,000 U n d iv id e d p r o fits _____ __________ 05,505 54,136 48,057 D ep osits ----------2,404,811 2,49 3 ,5 9 7 2 ,743,394 O th er lia b ilitie s ________________________ 4 234 3,313 T o t a l----------------------------------------------- $3,570,321 R a te o f Interest on d e p o s its ________ ________________ A m o u n t o f d iv id e n d s paid In calen dar y e a r .......... .. $3,64 7 ,9 0 7 1007. 2& 3% 5 % $3,804,764 1006. 2& 3% _ * Figures are of date Dee. 16 ’07. May 28 ’07 and Nov. 26 '06 respectively. C h e lte n T r u s t C o . a (P h ila d e lp h ia ). Tnn x J u n e 30*07. J *74 750 $53,050 16 913 20!236 129,047 8,220 30.788 149,000 $741,971 $ 3 8 , 1 23 < ?on o o o $668,705 *$35,741 $464,064 $ 38 ,123 $ 200,000 $ 200,000 100,000 100,000 U n d iv id e d p ro fits------- ------224 ,500 G eneral dep osits p a y a b le o n d e m a n d 99,113 S p ecial d e p o s its .......... - .............................. i o u ,r . 45,092 O th er lia b ilities------------------------------------ --------------------„ . . $741,971 $66 8,70 5 T o t a l -------------------------- ................ ....... 1907. ____ $100,813 S t a t i s t i c s fo r C alendar \ e a r A m o u n t o f d ep osits le c t lv ln g interest z & A 'A % R a te o f Interest p aid on d e p o s i t s . . - . - --------------------a C om m en ced business O ct. l l.m o C o l o n i a l T r u s t C o . (P h ila d e lp h ia ). D e c . 31 ’ 07. J u n e A 0 ' 0 7 . R e so u rce s — $12 3,78 $110,980 “ * ‘ 0 R ea l estate m ortg a g e s ------------------3 5 9 762 S tock s and l n ° te t dA V - "- .................... 489 L oans ona1C r aul. - -d- f i x t u r e s . .. 1 7 a ,879 nan R e a le s T tco e rlla iS m it r e an 176,856 Cash o n h an d and In b a n k s . - - . - - - - 1 1 3 275 C om m ercia l and oth er papeL o w n e d - . O th er assets................................................... .................* , , ................................ 51.355,847 * T ru st d ep a rtm en t (a d d it io n a l).......... " 5 7 3 ,3 16 „ UuddiiUcs— 5250.000 86,912 45,731 31,421 R e a l e s t a t e m o r t g a g e s . ................................. L oa n sS oo nn collateral T ,« n c o l l a t e r a l . . . .................................... * ™ ,7 5 0 4 6 8 ’.9 5 4 R ea l e s t a t e ------Gash on h a n d . Cash on dep osit O th er a ssets— T o t a l ......................................................... T ru st d ep a rtm en t (a d d it io n a l)-----------L ia b ilit ie s C a p ita l s t o c k — - - - - * ■ " v. ^ (P h ila d e lp h ia ) -C o n c lu d e d . 190 6. • 1907. 2 & 3% 2 & n R a te o f Interest o n d e p o s its o f $500 and o v e r ----------6% 6% D iv id e n d s p a id In c a le n d a r y e a r ------C o n tin e n ta l T itle & T r u s t C o. 31 00. $20,950 ---------351,279 60,985 3,643 19,550 7,657 R e so u rce s— Dec. 219 8 6 .2 6 3 $464,064 1906. $132,644 2& 3% E m p ir e T it le & T r u s t C o . (P h ila d e lp h ia ). D e c . 16 ’0 7 . M a y 28 ’0 7 . $11 ,962 $ 21 ,123 Cash o n h a n d ----------------------------------------31,431 21,3 0 4 D u e fro m ban ks an d b a n k e r s . . . — 4,5 0 4 1,587 C o m m e rcia l & o th e r p a p e r pu rch ased 121 ,445 110 ,032 L oans 14,294 S t o c k s , b o n d s , & c ------------------------------i I k ’ o s -j 137,348 Mnrt<r»crp<i _______________ M ortg ages 58,657 58,744 R e a l e s ta te , fu r n itu r e & fix tu r e s ------7,1 2 8 2,568 M is c e lla n e o u s _________________________ _____________ $38 6,76 8 T ota l $361,572 ♦T rust d e p a rtm e n t (a d d it io n a l)--------*$575 L ia b ilit ie s — .... r l. $154,388 C apital s t o c k (p a id I n )------------------------6,041 U n d iv id e d p r o fit s --------------------------------„ 4 ,4 9 J 223 ,604 D e p o sits .......................- ...................- - - 200.041 2,7 3 6 M iscella n eou s ---------i,» 2u 31 ’ 0 6 . $10 9,78 0 $386,768 $361,572 T o t a l _________________________________ N o t e .— R a te o f Interest o n d e p o s its o f $500 and o v e r : 2 ’ s u b je c t t o c h e c k and 3 Y t % m sa vin gs d e p a r tm e n t. Dec. R e so u rce s— T o t a l ........................................................... $ 1 ,355,847 R a te o f Interest p aid on d ep osits -------------------2 & 3 J A m o u n t o f d iv id en d s paid In calen d ar y e a r . .......... 4 /0 a D iv id en d s p a id In 1906, 2 % . T h ro u g h error this wa3 r e p o rte d ln .o u r last trust c o m p a n y revie w as 2 0 % . C o lu m b ia A v e . T r u s t C o . (P h ila d e lp h ia ) N o v . 26 '06 D e c . 31 ’ 07. J u n e 30 ’ 07 R e so u rce s— $32 5,04 6 $536,746 $369,905 Cash on hand and due fro m b a n k s . . . 83,984 43,400 07,000 C om m ercia l an d oth er p a p e r o w n e d . 304 ,4 7 8 549,847 420 ,742 Loans on c o lla te r a l........ ............- .............. 895 ,1 3 5 462 ,5 5 0 528,423 L oa n s on b o n d s and m o r tg a g e s -------545,148 532 ,086 526,466 S to c k s , b o n d s, & c --------------------------------300,124 338,451 308,031 M o r t g a g e s ...................... ......... ..................... 180,000 180,000 180,000 B a n k in g h ou se, fu rn itu re , & c . _ ........... 234,883 197,217 189,217 O th er real e s t a t e --------------------— 31,302 8,581 7,574 M iscellaneous assets (a ccru e d ln t.) — __ $ 2 ,9 0 6 ,4 0 0 $2,8 4 8 ,8 7 8 , ............................. $2,5 9 7 ,3 5 8 *$24 2,43 8 • $230,079 * T r u s t d e p a rtm e n t (a d d it io n a l)--------- *$275,821 $40 0,00 0 L ia b ilit ie s s .100 0 0 0 $40 0,00 0 203,2 288,104 318,018 Surplus and u n d iv id ed p i o n t s .. 2,1 9 9 ,5 8 8 2 ,125,074 1,8 6 7 ,3 4 0 D eposits ------------ - - - , ........... ,-----43,5 9 6 35,700 12,0 0 0 D ivid en d s an d m is c e lla n e o u s .. . $ 2 ,8 1 8 ,8 7 8 $2,9 0 0 ,4 6 0 T o t a l ...................................................... $ 2 , 5 9 7 , 3 5 8 C o m m e r c ia l T r u s t C o . (P h ila d e lp h ia ). D e c . 31 '0 7 . J u n e A 0 '0 7 . R e so u rce s— „ $16 0,29 6 Cash on h a n d - - - - - - ’- ------------------------1,285,017 a i a ,4 a u D ue fro m b a n k s. & c ........ .......................... 4 ,4 4 0 ,7 6 6 L oa n s on c o lla t e r a l..................................... 4 8i9 8 ,872 3,6 0 2 ,9 8 4 Stocks, bonds, & c-------------3 ’ 4 ',-T ?? r 55,648 llxtu res an d v a u l t ------------04,148 F u rn itu re, 507,204 504,338 R ea l e s ta te . 73,459 82,487 O th er assets D ec. A 1 $ 1 ,000,000 1,500,000 457,864 7 ,1 0 0 ,4 8 6 76,024 $ 1 ,000,000 1 ,500,000 494 ,213 6,976,2.30 101,788 $ 1 ,000,000 1 , 100,000 122,682 5,660,951 6,562 $ 1 ,000,000 1 , 100,000 137,096 5 ,677,268 45,014 $7,8 9 0 ,1 9 5 1907. 2 & 3% 12 % 87,9 1 9 ,9 7 8 1906. 2% 12 % R a te o f Interest on dep osits o f 5100 and o v e r D iv id en d s paid In calen dar y ear ...................... .. C o n tin e n ta l T itle & T r u s t C o . (P h ila d e lp h ia ). R e so u rce sO e c >.31 ’07 J ' n e 30 ’0 7 . D e c . 31 ’0 8 , 630,200 $728,501 U n s s iR n R ea l estate m o r t g a g e s ...................... - 1,008 ,885 1,031,930 S tock s and b on d s -------------- ---------------i fi03 371 2 ,1 5 1 ,7 3 4 2 ,0 2 6 ,2 5 3 Loans on c o lla t e r a l............ ........................ 1 -0 0 ? 1 439 ,493 339,802 383,590 Cash o n h an d and In b a n k . .................... 254 566 297 O v erd ra fts -------------------------------------— 30,191 33,672 36,019 O th er a ssets.......... ............- - ....................... 416,313 404 ,174 399 .566 R ea l esta te, fu rn itu re and l lx t u r e s - - $ 4,677,070 $ 4 ,564,808 T nt..i $ 4 ,100,406 *$33 1,21 1 *$35 5,23 9 ♦Trust d e p a rtm e n t (a d d it io n a l).......... *$38 0,89 3 _ Ccipltiil s t o c k . ----------------------------U n d iv id e d p rofits and reserve f u n d . . D iv id en d s u n p a i d - .......... - ....................... D ep osits, sp ecial - - - ............ - G eneral d e p >s its , p a y a b le on d e m a n d D ep osits sp ecia l s e t tle m e n t............... O th er lia b ilitie s -------------------- ---------------- $500,000 457 ,-uu saa 2 ,0 9 2 .362 ‘•4 '4” f 4 ,0 ‘ ....................................... $4,100,466 221 $500,000 211 ,573 253 1 ,477,909 2,415,161 $4,564,898 $4,677,070 $500 ,000 0 K7234,640 *>on 1,413,324 2 ,3 4 7 ,0 0 8 66,477 3,228 7 2 ,174 TiTgures are of date Dec. 16 ’07, May 28 ’07 and Nov. 26 ’06 respectively. $34 3,61 5 $15 0 ,2 6 3 5,240 186 ,922 1,190 $34 3,61 5 on d e p o s its 30 ’0 7 . i$207 718 J 'n e H IS H ?? 31 '0 6 . 1S214>1,2 2 0 ,2 140 8 2 ,7 5 5 ,5 7 0 409 ,960 7 4 6 ,7 5 4 101 ,355 Dec. 2 ,6 1 0 ,3 8 9 398 ,784 4 0 2 ,1 8 3 152 ,933 385 ,885 351 ,806 172,050 E x c e ls io r T r u s t & S a v in g F u n d C o . (P h ila d e lp h ia ). Dec. R e so u rce s— Cash o n h a n d ---------------D ue fro m b a n k s, & c . . . S to ck s an d b o n d s -------Loans o n c o lla t e r a l— R e a l e s ta te , fu rn itu re ; O th er a sse ts.................... . 31 ’07. $36,467 66,964 439 ,300 248 ,054 236 ,0 6 2 41,022 568 M a y 28 ’0 7 . $29,864 82,0 3 0 453 ,8 4 4 203 ,382 267,250 30,481 8,645 26 ’06 $20 ,445 79,617 4 22 ,456 180,600 281 ,500 30,419 7,7 3 5 N o v. $1,0 6 8 ,4 3 7 5 1 ,0 7 5 .4 9 6 $ 1 ,0 2 2 ,7 7 2 $259,660 42,748 7 6 6 ,0 2 9 $21 5,80 5 35,882 823 ,809 $21 0,00 0 31,614 781 ,1 5 8 . $1,0 6 8 ,4 3 7 SI ,075,496 $ 1 ,0 2 2 ,7 7 2 L ia b ilit ie s - U n d lv ld e d p rofits and reserve f u n d . . R a te o f Interest on d e p o sits o f $500 and o v e r ............. D iv id e n d s p a id In ca le n d a r y e a r ..................................... 2 & A Y 2 & 3< 4' % F a ir m o u n t S a v in g s T r u s t C o . a (P h ila d e lp h ia ). D e c . 16 1907. a 57,308 Cash o n h a n d ______________________________________ 18,972 D u e from ban ks and b a n k e r s-------- -- — -------------7,500 C o m m e rcia l and o th e r p a p e r p u r c h a s e d ............... 7 2 .000 Loans on c o lla t e r a l-----------------------------------------------115,500 S to c k s , b o n d s , ------------------------------------------------------10.0 00 M ortg a g es------------------------- - - - .......... ................ ............ 3,000 R e a l e sta te , fu rn itu re and fix tu re s............................. $234,280 T o ta l L ia b ilit ie s — .................. $155,278 C a pital s t o c k p aid In --------------------------------------------------------- ------------2 0 ,000 Surplus fu n d . 27 U n d lv ld cd p r o llts . 58,975 D e p o s l t s - - ............... $234,280 T o ta l Resources — _____ $ 9 ,8 5 4 ,7 2 6 $ 1 0 ,134 ,37 4 $10 ,072 ,26 1 t o t a l ..................- .......................... v ’ ’ 11907. on7 1906. 1906. 2% i!% R a te o f Interest o n d ep osits o f $500 and o v e r . . 10% D iv id en d s paid In calen dar y e a r . ( P h i l a d e l p h ia ). C o m m o n w e a l t h T i t l e I n s u r a n c e & T r u s t C o . (P h i! D e c . 31 ’ 07. J u n e 3 0 *— ’ 07. D e c . 31 ’ 06 525 9,44 5 2 ,7 2 1 ,4 5 6 ^Bonds i f tatc / . M o29 -----------------------o nnrc « <1 2 ,5 8 7 ,4 0 4 2,2 8 0 ,1 8 9 Loans on c o ll a t e r a l .................................... f .005,643 1,468,268 1,552,779 R eal e s t a t e . . ................ M fln a i 194,182 260,318 537,313 646,923 Cash on d e p o s it .................... - ..................... 151,909 149,614 O th er a ssets------------------------------ .............. _ _ _ _ _ $ 7 ,9 1 9 ,9 7 8 $7,8 9 0 ,1 9 5 T o tfll - ____________ - _______ ____$ 7 ,4 1 8 ,4 8 5 * T ru s t d ep a rtm en t (a d d it io n a l)--------- *$ 6 ,9 4 9 ,9 7 5 *$6,506,966 *$6,0 6 5 ,9 7 7 Ij ia b U lt iC S — — , <•I nnn nno C a pital s to c k p aid I n . . . ......................... ? V i n o 'non Surplus and reserve f u n d ..................... 1 ,100,000 TT« ______________ 1 IJ/ , 1 U4 U n IIifMnrl d iv id e d nmlits prolits 4 ,8 5 5 ,3 3 7 D ep osits ---------306,044 O th er liab ilities $ 7 ,4 1 8 ,4 8 5 T o t a l _____________________ - - ■ 26 ’0 6 . $11 ,856 “ 25,991 8 ,6 2 6 101,950 14,306 115 ,792 58,651 6,4 4 3 $ 4 ,9 2 8 ,8 2 2 $ 4 7 ,9.. 9 7 ---------------—5 ,4 ......... $4,646,105 ♦T ru st d e p a r t m e n t (V d d lt io n a l): . - . * $ ! . 5 8 6 , 1 2 2 * $ l ,569,617 * $ i ,463,230 L ia b ilit ie s ono non$ 1 ,000,000 $ 1 ,000,000 C a pital s t o c k .............. ? 1 , 225 000 2 2 5 ,0 0 0 225 ,000 Surplus and reserve fu n d ......................... ra ’ r ir 8 0 ,1 0 6 90,040 U n d iv id e d p r o fits ....................................... is r 1 ^ 4 4 ,1 1 2 ,8 9 1 3,5 7 8 ,5 9 0 G eneral d e p o s it s .......... ............................... 3 ’ sn n n n 30 ,000 30,000 N e x t d iv id e n d ................... 20 0 125 5,192 2 0 0 ’ 1,3J O th er lia b ilitie s............................................ $5,4 4 7 ,9 9 7 $ 4 ,928,822 T o t a l ............................................................. $4,6 4 6 ,1 0 5 1906. 1907. 2 & 3% 2 & 5 R a te o f Interest o n d e p o s its o f $500 and o v e r ............. 6% D iv id e n d s p aid In ca le n d a r y e a r ..................................... 110,134,374 $10 ,072 ,20 1 •$196,759 *$196,520 Capital*stock” ............... .. S I . 0 00 ,000 Surplus and reserve f u n d --------------------1 -500,000 U n d iv id ed profits - - - - - - -------- -----------r D ep osits s u b je c t to c h e c k ------------------° ra’*™ O th er liab ilities ----------------------------------C learing house ce rtifica te s....................... 3 50 ,000 31 ’0 7 . D ec. R e a i°e s ta te m o r tg a g e s .............................. S to ck s an d b o n d s ------------------------------Loans on c o lla te r a l------------------------------R e a l e s ta te ----------------------------------------Cash on hand and In b a n k s ------------O th er a ssets........ ..................... ..............- *>q*> o*i.i T o t a l ________________________________ $ 9 ,8 5 4 ,7 2 6 * T ru s t d e p a rtm e n t (a d d itio n a l) — *$205,757 N o v. E q u it a b le _ T r u s t C o . (P h ila d e lp h ia ). R e so u rce s- Surplus an d u n d iv id ed p r o fits ............... 11 G eneral d e p o s it s ----------------------------------823,61 1 O th er lia b ilities......................................... - -------------------- Tota, 389 THE CHRONICLE F eb . 15 1908.] B egan business In S e p te m b e r 1907. a F e d e r a l T r u s t C o . a (P h ila d e lp h ia ). D e c . 31 ’0 7 . J ’n e A 0 ’0 7 . D $9,144 $32 ,959 B on d s --------- ------------------------------33,540 4 1 ,0 0 5 R e a l estate m o r tg a g e s ............................. 158,732 Loans o n c o l l a t e r a l - - - - - - ............ ............ 15S ’®9? 2,7 1 4 T nn rnircnn tCPPlirltlPS________ “ l ' L oans on p erson al securities 68,700 68,758 R e a l e s ta te .......... 2,0 0 8 13,410 Cash o n han d — 12,645 ' 10,104 Cash o n d e p o s lt . 1,978 '. . 3,396 O th e r a s s e ts -----$289,461 T o t a l _____________________________ __ $328,956 R e so u rce s— 91 nr L ia b ilit ie s C a pital s t o c k . ............................................... 31 4 4K 125 G eneral de p o sits' p a y a b le o n d e m a n d . 169,416 O th er lia b ilit ie s .......................................... .............. A . o i o T o t a l — ..................................... - .............. $328,956 A m o u n t o f d e p o sits re ce iv in g In te re st--------------------R a te o f Interest p aid on d e p o s its ------------------------------a ec. 31 '0 6 .a 516,700 114,275 4,145 54,761 9,920 18,029 5,792 $22 3,62 2 $125,445 31,125 131,011 1,880 $12 5,02 0 30,550 66,124 1.928 $289,461 1907. % 2 oc /o $223,622 1906. $66,124 2% C o m m e n ce d business In N o v e m b e r 1906. F id e lit y T r u s t C o . (P h ila d e lp h ia ). R esou rcesB on ds and m o r tg a g e s ................................ S to ck s and b o n d s ....................................... L oans on c o lla te r a l-------------- ---------------R e a l e s ta te ...................................................... ’6° « i 11 171 ? nrU'nfin 2 ,o o o ,» q u $1,167,991 $1,5 1 4 ,6 6 6 1 4,185.316 1 4 ,509,132 14,4 0 5 ,1 1 4 1 3,643,983 2 ,0 0 6 ,9 6 0 2 ,0 0 6 ,4 6 0 783,2871 4 ,4 3 3 ,9 1 4 2 ,3 5 3 ,2 6 1 / 46,842 48,965 Cash o n b a n d -------: I ; 111" " " 1 1 1 } 4 ,4 9 1 ,2 0 7 Cash on d e p o s it ------06,608 O th er assets . „ fo1 $3 1 ,5 1 5 ,4 6 5 $34 ,8 5 9 ,7 5 5 $ 36 ,246 ,13 7 T i^ s t d e p a rtm e n t "(a d d itio n a l) . . 106 .797 ,74 1 $97 ,1 4 1 ,9 5 4 $ 9 6 ,1 8 6 ,2 17 L ia b ilit ie s ' non non $ 2 ,000,000 $ 2 ,000,000 C a pital s t o c k . - . - - - - ................................ Sr ’ s r 7 ’ i <)7 8 ,6 6 3 ,6 9 7 8 ,6 2 3 ,0 2 5 Rnrnluc and nnrl pnrnflts___________________ 8 ,8 <W,1 J< Surplus r o fits 2 5 ,5 5 6 ,4 4 7 ......................... 20,5 8 2 ,0 8 8 2 4 ,1 0 5 ,4 7 2 D e p o s it s ................... 25,993 41,258 46,180 O th er lia b ilitie s . T o t a l .............................................................$ 3 1 ,515 ,46 5 $3 4 ,8 5 9 ,7 5 5 $36,246,137 ♦"Figures are o f d a t e D e c . 16 ’0 7 . M ay 28 ’07 and N o v . 26 ’06 r e s p e c tiv e ly . 390 THE CHRONICLE. Finance Co. of Pennsylvania (Philadelphia). s J S E z ............................................. Due from b t L n k s .'& c I I I I II I Z I I I I ” ! Commercial & other paper o w n e d .. Stock, bonds, & c.......................... Loans on collateral____________________ M o rtg a g es................................................ O th er a ssets.................................................... B eal estate.......................... Girard Avenue Title & Trust Co. (Philadelphia) D" “ “ I f ” - 4 9 L 339 $6,242 973 ,224 2,500 4 ,5 4 8 ,0 8 6 2 ,7 7 8 ,0 7 8 108,504 4,463 717 ,222 Total ......................................................... $8,069,361 L ia b ilit ie s — C a pital s t o c k _________ $ 3 , 4 9 3 200 U n d iv id e d p rofits an d reserv e f u n d . . 1,727 932 D e p o s its .................................... 1 ,0 50,627 B ills p a y a b l e . . .............. 1,78 0 ,0 0 0 Mis cell ellaneous lia b ilitie s . 17,601 $ 9 ,1 3 9 ,2 1 9 $ 7 ,9 2 1 ,7 7 9 $3,493,200 1,649,848 2 ,1 2 0 ,3 1 5 1,860,000 15,856 $3,493,200 1,680,120 2 ,1 5 7 ,7 0 8 590 ,000 750 *53)674 4 398 4,333 749 2,541 59 1 393,646 3 155 T o t a l . ......................... ..............................$8,069,361 $6,956 878 ,212 35,000 4 ,1 7 5 ,8 2 9 2 ,3 0 6 ,6 0 6 111,253 4,3 7 3 403 ,550 $9,139,219 $7 ,9 2 1 ,7 7 9 1907. 1906. 2% 2% 6% 6% % & 1 %Vx”t . 5 % & 1 -e x . R a te o f Interest on d e p o s its o f $500 an d o v e r D lv s . p a id In c a le n d a r y e a r — 1st p r e f. s to c k ” . „ 2d p r e f- s t o c k . . First Mortgage Guaranty & Trust Co. (Philadelphia/ C a K T h l S d _______________________ D u e fro m b a n k s a n d b a n k e rs_______ . L o a n s o n c o lla t e r a l_______________ S to c k s , b o n d s , & c _______________ M ortg a ges________________________________ B e a l es ta te , fu rn itu re an d f ix t u r e s .. M iscella n eou s a s s e t s ____________________ l 6. « ? : A $4,484 12,835 15,080 3,760 14,000 124,187 2,464 T o t a l ________ __________________ L ia b ilit ie s — C a p ita l s to c k p a id in --------------------------------Surplus fund_____________________________ 1111111111 D ep osits ------------------------------------M iscella n eou s lia b ilities ............... - ............- ............ $176,810 7nn * 2 ;$29 38,303 978 T o t a l --------------------------------------------------------------------- SI 76,810 R e so u rce s— 821 1,37 8 sl3 4 $13 0,00 0 8,387 72,908 83 $211,378 1,13 5 ,0 1 3 1,120,199 405 ,313 52,733 26,000 42,365 144,725 13,000 405,620 52,535 26,000 54,866 120,158 13,500 $2,08 4 ,7 9 5 * $11 2,57 2 $2,16 2 ,7 0 5 * $92 ,453 $2,097,298 *$95,803 1 ,7 93,439 3,750 $125,000 125,000 24,540 1 ,884,415 3,750 $125 000 125,000 11,825 1,831,714 3,759 - - $ 2 ,084,795 $2,16 2 ,7 0 5 S t a t is t ic s f o r C a l e n d a r Y e a r — 190 7 In crease p ro fit an d loss fo r y e a r , in cl.s u r p lu s _______ *25,780 In terest c r e d ite d d ep o s ito r s d u rin g y e a r ____________ 46 206 E x pen ses o f In stitu tion , sam e p e r i o d _______________ 1 5 845 A m o u n t d iv id en d s on c o m p a n y ’s s t o c k ___________ _ 7,*500 A m o u n t d ep os its re c e iv in g in tere st_____________ . 1 ,7 9 3 ’4 3 9 2 % ch eckR a te o f Interest p a id o n d e p o s its ____________________ b In clu d es v a u lt , fu rn itu re a n d fixtu res. $2,077,298 1906. $36,874 38,979 13,146 6,875 1,831.714 3 % tim e L o a n s on c o lla te r a l___________ L o a n s o n person a l secu rltles. R e a l e s ta te ____________________ Cash o n h a n d _______________ Cash on d e p o s it ____________ I b O th er a s s e t s ___________ ... ... L ia b ilit ie s — Su rplu s a n d reserve f u n d . U n d lv ld e d p r o f i t s _______ lie -- Franklin Trust Co. (Philadelphia). R e so u rce s D ec. lo n d s a n d m o r tg a g e s --------------------------S to c k s ________________________ A m o u n t loa n ed on c o lla tera ls and p e r son al securities Cash on h a n d ____ Cash on d e p o s i t .. O th er a ssets_____ 31 ’ 07. $ 65 ,835 51.230 J u n e 3 D 'Q T . D e c 6 68 ,389 17,046 54,037 11,940 606,593 4,859 25,530 9,420 $868 $66,135 72,542 T o t a l --------------------------------------------* T ru st d e p a rtm e n t (a d d it io n a l).'____ Liabilities — C a p ita l s to c k p a id In --------------------------Su rplu s a n d u n d iv id e d p r o fits _______ DepOdttS ---------------------------------------------O th er lia b ilities ! ............... - ............ 483 * $ 1 ,341 $785,079 *$1,321 $200,000 78 9 ’ 9 $ 200,000 20,058 42 T o t a l----------------------------------------------- $868,483 $785,079 1907. 2 & 3 /4 % ___ 5 % 31 >,i« sea i v i T o t a l ----------------------------------------------* d e p a rtm e n t (a d d it io n a l)-------L ia b ilit ie s — C a p ita 1 s t o c k ----------------------------------------U n d iv id ed p rofits a n d reserve f u n d . . D ep osits ----------------------------------------------O th er liab ilities________________________ 30 - ’07. $33 ,977 93.279 970,142 676,110 602 ,585 275,000 33,575 Ju n e «2 $788,769 1906. & 3 >4 5% $2,710,106 *$460,750 $500,000 245 ,613 1,770 841 * 75 $500,000 231,213 1,92 9 ,2 6 7 24,197 $500,000 207,275 1,987,973 14,858 $ 2 ,684,677 1907. 514 2,26 7 43,447 33,096 14,994 1 ,857.412 2 & 3% Germantown Trust Co. (Philadelphia). , , L o a n s o n 'co lla te r a 1T ™ I* L o a n s on b on d s an d m o r t g a g e s ____ S to c k s , b o n d s , & c _____________________ R e a l e s ta te , fu rn itu re a n d fix tu res ___ O th er a ssets________ _______ ___________ 31 ’ 06 841,071 141,990 958,274 579,454 683,160 275,000 31,157 $2,68 4 ,6 7 7 * $47 9,82 4 --------------------------------- S 2.516 ,529 S t a t i s t i c s f o r F i s c a l Y e a r e n d i n g S e p t . 30— T o t a l profits fo r y e a r --------------------------------------------------In terest c r e d ite d d ep o s ito r s d u rin g y e a r . ............... E xpen ses o f In stitu tion , sam e p e r i o d . _____________ A m o u n t o f d iv id e n d s o n c o m p a n y ’ s s t o c k _______ A m o u n t o f d ep osits re ce iv in g In terest_____________ R a te o f Interest p a id on d e p o s its . n ^ u S0U ru ( S ~ 7 D ec. 516 529 * $ 4 5 8 ,307 ToU d- D ec. 31 ’0 7 . 2 *9 4 5 i 020 380 ,86 2 ,341 7 7 a ’ 1 7 2 984 17 2 15 Ju n e 3 0 ’0 7 . - W 9 l ,3 - W 2,39 51 41 4 ,4 4 0 1,32 9 ,3 4 4 186,413 16,244 $2,710,106 1906. $140,742 45,453 31,741 14.994 1.900,033 2 & 3% $667 0 ™ 2°9° 3 ,4 5 0 :l0 0 T o t a L - - ............... - --------------------------$ 4 ,7 2 8 ,5 1 9 R a te o f Interest on d e p o s its o f $500 an d o v e r D iv id e n d s p a id in ca le n d a r y e a r ________ •_________ I Dec. 31 ’on .$337,929 2 ,6 2 1 .7 7 7 387,531 1,178,025 192,631 16,300 $60 0,00 0 0 60 ,740 3 ,516,091 $60 0,00 0 629,665 3,70 4 ,5 2 8 $4,776,831 1907. 2% 8% $ 4 ,9 3 4 ,1 9 3 1906. 2% 8% * Figures are of date Dec. 16 ’07, May 28 '07 and Nov. 26 ’06 respectively U n d iv id e d p r o fits . M iscella n eou s. T ota1- - - ...........- .................................... $844,675 $82 4,20 0 $721,744 $200,000 106,000 14,958 200,947 322,770 $2 0 0 , 0 0 0 $20 0 ,0 0 0 26,009 171.108 327 ,083 18,243 110,085 293,088 328 100 ,0 0 0 $844,675 10 0 ,00 0 $82 4,20 0 6 $721,744 m o s . to N °V £ $ a 1a & 6; '™ o 6 ,222 40 0 ,0 0 0 2 & 3% Girard Trust Co. (Philadelphia). R e so u rce s— 9 as„!‘ ° n ban d an d In b a n k s -----------------690 ,798 J $4,759,4°o6 ^ 5 ,3 1 6 ,0 2 5 L oa n s ---------------------------16,479,161 1 9 ,946,213 20,28 6 ,3 7 5 S e c u r it ie s ----------------------------------------------- 10,83 0 ,6 0 2 12,388,902 11,327,057 3 ,7 7 3 ,8 2 3 R e a l e s t a t e ------------------3 ,7 3 5 ,0 4 8 3 ,7 2 7 ,6 4 5 O tfier a sse ts---------------------------------10,500 12,300 12,300 ‘S 5 S J 8 : S U n d iv id e d p r o fits .......................... D ep osits ---------------------------------D i v i d e n d ................ S t : 3 ‘ 1:888:888 1 ,0 34,086 24 ,4 5 0 ,7 9 8 3 00 ,000 T o t a l................................ - ..................... $35 ,784 ,88 4 R a te o f Interest on de p o sits o f $500 and o v e r ______ D iv id e n d s p a id In ca le n d a r y e a r ____________________ 8 S& 5M $ 2 ,5 0 0 ,0 0 0 7 ,5 0 0 ,0 0 0 1 ,882,964 2 8 ,6 5 9 ,7 9 9 3 00 ,000 $2,50 0 ,0 0 0 7 ,5 0 0 ,0 0 0 1.809,750 2 8 ,559,652 3 00 ,000 $ 1 0 ,8 4 2 ,7 6 3 $40 ,669 ,40 2 1907. 1906. 2% 2% 24% 24% Guarantee Trust & Safe Deposit (Philadelphia). R e so u rce s— J a n . 31 ’ 08. 1 $682,051 Cash o n h a n d ________ D u e fro m ban ks an d b a n k e r s .I I L oa n s on c o lla te r a l____________________ 2 ,2 1 2 ,0 7 9 L oa n s o n b o n d s and m ortg ages 150.000 S to c k s , b o n d s, & c ____ 2,465,971 M o r t g a g e s ________________ _ 36,005 R e a l e sta te , fu rn itu re an d fix t u r e s !” 610.001 O th er a s s e ts____________ 39,001 28 ’ 07. J a n . 31 ’ 07. $68,2481 $67 5,22 0 4 8 1 ,3 5 6 ) 2 ,8 0 6 ,8 9 3 3 ,3 4 5 ,4 2 0 144,5351 2,40 2 ,1 2 3 2 ,7 7 0 ,0 0 1 / 37,850 3 7 ,850 616,225 600,644 78,175 76,111 M a y $7 ,0 0 4 ,2 4 3 $7 146 368 . m T o t a l -----------------------------------------------$ 6 ,1 9 6 ,6 6 0 T t t M W t o - :ment (a d d I tlo n a l).......... * 1 4 ,4 2 8 ,5 4 8 * 1 3 ,8 7 0 ,6 7 2 *12,708,244 Capital stock---------------------------$ 1 , 000,000 $ 1 , 000,000 5 1 ,0 0 0 ,0 0 0 600,000 Surplus f u n d .......... ................. 600,000 600,000 U n d iv id e d p r o fits _____ . 56 ,4 4 3 48,455 67,756 D e p o sits ------------------------------------------4 ,4 3 8 ,0 8 8 5,355,551 5 ,4 5 5 ,8 6 9 O th er lia b ilitie s__________________ 102,138 237 22,743 T o t a l . . . .......... .................... $ 6 ,1 9 6 ,0 6 9 $7,00 4 ,2 4 3 $7,14 6 ,3 6 8 1907. 1906. R a te o f Interest paid on d ep osits o f $500 and o v e r . . ! 2% 2% D iv id en d s p aid In ca len d a r y e a r ____________________ 10 % 10 % T o t a l_________ $1,917,821 * T ru st d e p a rtm e n t (a d d it io n a l)........... *$27,533 L ia b ilit ie s — C apital s t o c k . . ..................... ....................... $40 0,00 0 U n d iv id e d profits an d reserve f u n d . . 139,851 D eposits ............... . _______ ______ 1,27 7 ,9 7 0 Bills p a y a b le _________________ .’ _______ 100,000 T o t a l-----------------------------------------------$1,017,821 M a y 28 ’ 07. 852,283 114,099 3 59 ,480 4 81 ,443 32 1 ,8 6 7 301,148 150,350 181,243 26 ’ 06 $50 242 62:025 244,982 451.648 406 ,430 201,572 149,350 223.702 N o v. $1 ,9 6 1 ,0 1 3 *$22 ,910 $1,789,951 *$21,935 $40 0,00 0 137,296 1 ,4 24,617 $40 0,00 0 136,605 1,25 3 ,3 4 6 $1 ,9 6 1 ,9 1 3 $1,789,951 Holmesburg Trust Co, a (Philadelphia). R e so u rce s— Dec. Cash o n h a n d ............................... D u e fro m banks an d b a n k e r s . . ....................................... C om m ercia l and o th e r p a p e r o w n e d ________________ L oa n s o n c o lla te r a l___________________________________ S to c k s , b o n d s, & c . _________ ________________________ M o rtg a g e s . ......... R ea l e sta te , fu rn itu re and fix tu r e s --------------------------M iscellaneous a s s e t s _____________ T o t a l . . . ................ 16 ’ 07 $9,058 3,428 2,106 8 9 ,950 100 717 20,000 M a y 2 8 ’0 7 $5,829 60,682 6.237 4 5 ,050 47,183 31,594 1,185 21,506 1,226 825 8,03 8 $187,713 L ia b ilit ie s — C apital s to c k p aid In______________ Surplus f u n d ................. U n d iv id e d p r o fits ___ D e p o s it s .......................... $12 5,00 0 25.000 753 1 07 ,285 ___ T o t a l ................................................................................... a * $ 3 :4 5 1 ;?05 * $ 3 : 435:004 M S L a n d p r o fit s ! 1 1 1 1 1 1 1 1 1 1 1 I I ” D e p osits ----------------------- --------- -------------- 1 8 ’ 546 244 ,416 134,620 155,058 93,040 26,649 12,699 32,661 5,001 Hamilton Trust Co. (Philadelphia). German-American Title & Trust Co. (Philadelphia). R e so u rce s— r>,,c -if >07 Cash on h a n d ________ I___ *78 952 D u e from b a n k s , & e ._ 119,503 L oa n s on c o ll a t e r a l ___ 686 ,992 S to c k s , b o n d s , & c _______ 721 257 M o r t g a g e s ------------------------------623.006 R e a l e s ta te , fu rn itu re an d fixtures 275 ,000 O th er a ssets_________ ______________ ! _ ’ 11,819 53 785 6 1,8 5 0 52 1 4 5 3310 4 3 7 ’l 02 Resources— D e c . 16 07. Cash o n h a n d ________ _______ __________ $ 60 ,680 C h eck s, and due fro m b a n k s, & c .......... 76,877 C om m ercia l an d o th e r p a p e r o w n e d . . 4 16 ,007 L o a n s o n c o lla t e r a l.................................... 490 ,245 L oa n s o n b o n d s an d m o r tg a g e s _______ 195,816 S to c k s , b o n d s, & c _____________________ 353,433 M o r t g a g e s ...................... .................. ............ 132,750 R ea l e sta te , fu rn itu re an d f i x t u r e s . .. 192,013 66,604 569!496 518 ,433 R a te o f Interest on d e p o s its o f $500 an d o v e r ............. D iv id e n d s p a id In ca le n d a r y e a r ____________________ 294.378 223,808 88,085 03,309 45,111 10,043 24,370 12,046 224’ 774 L ia b ilit ie s — "12',265 116,391 1,721 Frankford Trust Co. (Philadelphia). ... Call loan s o n c o lla te r a l_____________ T im e loan s o n co lla te r a l________ ______ C om m ercia l p a p e r........ ............................... R e a l e s ta te _______________________ Cash on h a n d ______________________ " I Cash o n d e p o s it________________________ F u rn itu re and fix tu r e s _______________I T o f a f t f p r o fits _____________ __________ D c c y [ l nan 5 .’l 2 B in te re s t cred ited d e p o s ito r s _______ ______ _____ Z Z 1 1 Z n ’yf to E x pen ses o f In stitu tio n ____________ _____ A m o u n t o f d ep osits rece iv in g I n t e r e s t ______I I a u R a te o f Interest p aid o n d e p o s its ...................... ' 2 &3% 28 0 7 . $6,237 26,509 48,320 D e c - ~ [V O L . 1 X X X Y I . $25 8,03 8 $187,713 B egan business M a y 16 1907. Industrial Trust, Title & Savings Co. (Philadelphia). T o ta l....................... *Trust department (additional)............. L ia b ilit ie s — C apital s t o c k . . . .......................................... Surplus................ U n d iv id e d profits (n e t ) ........................... D iv id e n d ........................................................ Deposits .............. $5,127,918 *$319,678 $5,675,781 *$30 8,34 4 $500,000 650,000 46,692 25,000 3 ,9 0 6 , 2 2 6 T o t a l.................... - ....................... - ............$ 5 ,127,918 $5,675,781 $ 5 ,3 1 7 ,2 3 6 * Figures are of date Dec. 16 ’07, May 28 ’07 and Nov. 26 ’06 respectively. Feu. 15 1!)08. THE CHRONICLE. Integrity Title In s., Trust & Safe Deposit (Philadelphia). Resources — D ec . 3 1 ’ 0 7 . J ’nc 3 0 ’ 0 7 . D ec. 3 1 ’ 0 6 . R e a l e s t a t e m o r t g a g e s ____________________ $ 1 , 1 4 8 , 4 0 0 S t o c k s a n d b o n d s __________________________ . 1 ,7 9 0 9 ,8 1 7 L o a n s o n c o l l . & c o m m ’ l p a p e r p u r c h .. ' , 2‘ 8 7" , 2 0 7 1 R e a l e s t a t e ------------------------------------------------ ------- . 8 8 ,0 0 0 C a s h o n h a n d a n d o n d e p o s i t ..................... . 2 8 8 ,7 6 3 O t h e r a s s e t s __________________________________ . 4 ,4 3 3 $ 1 ,1 2 4 ,3 7 0 1 ,7 0 8 ,2 0 7 1 ,4 2 4 ,2 4 2 8 3 ,0 0 0 3 8 1 ,7 4 9 3 ,9 2 9 $ 1 ,1 4 2 ,9 0 0 1 ,7 7 2 , 4 2 4 1 ,5 2 1 , 2 2 0 8 3 ,9 4 2 4 0 3 ,5 1 4 5 ,7 2 1 T o t a l _______ _________________________________ . $ 4 , 6 1 1 , 6 2 0 * T r u s t d e p a r t m e n t ( a d d i t i o n a l ) _______. * $ 5 1 6 ,0 6 9 $ 4 ,7 2 5 ,4 9 7 * $ 5 4 9 ,6 4 7 $ 4 ,9 2 9 ,7 2 1 * $ 5 9 9 ,9 3 9 $ 5 0 0 ,0 0 0 6 5 0 ,0 0 0 1 9 1 ,2 5 8 $ 5 0 0 ,0 0 0 6 5 0 ,0 0 0 1 6 1 ,9 7 8 $ 5 0 0 ,0 0 0 6 5 0 ,0 0 0 1 0 0 ,2 6 7 3 ,2 5 8 ,4 5 2 1 1 ,9 1 0 3 ,4 0 3 ,5 7 0 9 ,9 4 9 3 ,6 3 9 ,0 3 5 4 0 ,4 1 9 L ia b ilities — C a p i t a l s t o c k ________________ _______________ S u r p l u s a n d r e s e r v e f u n d ________________ U n d i v i d e d p r o f i t s __________________________ . D e p o s i t s In t r u s t a n d g e n e r a l d e p o s i t s p a y a b l e o n d e m a n d ............... ........ . O t h e r l i a b i l i t i e s . .................. ................. . T o t a l - ....................................................... $ 4 ,6 1 1 ,6 2 0 R a t e o f In te re st p a id o n d e p o s its o f $500 a n d o v e r . D l v l d e n d s p a i d I n c a l e n d a r y e a e _______________________ $ 4 ,7 2 5 ,4 9 7 $ 4 ,9 2 9 ,7 2 1 1907. 2 & 3 % 1906. 2 & 3 % Investment Co. (Philadelphia). R esources — D ec . 1 6 ’ 0 7 . M a y 2 8 ’ 0 7 . N ov . 2 8 ’ 0 6 . C a s h o n h a n d --------------------------------------------------D u e f r o m b a n k s , & c ....... ........................ C o m m e r c ia l a n d o t h e r p a p e r o w n e d . . L o a n s o n c o l l a t e r a l ............................ S t o c k s , b o n d s , & c __________________________ O t h e r a s s e t s __________________________________ $--------------4 8 ,2 5 3 1 1 2 ,0 0 8 7 0 ,5 6 4 8 7 8 ,3 0 0 3 ,5 7 2 ,8 4 1 3 5 9 ,6 3 2 $ 2 0 ,4 5 4 2 0 5 ,9 8 3 6 3 ,2 5 9 1 ,0 1 6 , 3 7 1 3 ,9 1 0 ,4 6 8 3 6 0 .6 2 4 $ 2 6 ,5 4 3 1 9 2 ,0 2 4 5 4 ,4 0 9 , 0 5 7 ,9 0 2 0 3 0 ,8 3 2 3 9 3 ,2 8 9 $ 5 ,0 4 1 ,5 9 8 $ 5 ,5 7 7 ,1 5 9 $ 5 ,7 5 4 ,9 9 9 C a p i t a l s t o c k ________________________ S u r p l u s a n d r e s e r v e f u n d ......................... U n d i v i d e d p r o f i t s ............................... D e p o s i t s .............. I l l l l s p a y a b l e .......................................... O t h e r l i a b i l i t i e s _____________________________ $ 2 ,0 0 0 ,0 0 0 1 ,0 0 0 ,0 0 0 4 5 ,3 2 6 1 ,2 1 9 ,8 5 9 7 7 5 ,0 0 0 1 ,4 1 3 $2,000,000 1,000,000 $2,000,000 1,000,000 1 1 2 ,7 4 3 1 ,6 1 2 , 6 1 1 8 5 0 ,0 0 0 1 ,8 0 5 2 1 8 ,3 8 1 1 ,4 8 6 ,0 1 4 9 5 0 ,0 0 0 1 0 0 ,6 0 4 T o t a l ________________________________________ $ 5 ,0 4 1 ,5 9 8 $ 5 ,5 7 7 ,1 5 9 $ 5 ,7 5 4 ,9 9 9 1907. 1906. T o t a l .......................................................................... L ia b ilities — 2% 6% R a t e o f In te re st o n d e p o s its o f $500 a n d o v e r . D i v i d e n d s p a i d In c a l e n d a r y e a r -------------------------- 2% 6% Kensington Trust Co. (Philadelphia). R esou rces — R ea l esta te m o r tg a g e s ----------L oans on c o lla te r a l............... .. L oans o n p erson al s e cu ritie s . S to c k s , b o n d s, & c ----------------Cash on h a n d ............... - .............. Cash on d e p o s it ---------------------O th er assets.......... ....................... T o t a l ---------------------------- ----------------------------- $ 8 0 ,5 9 0 1 4 7 ,4 8 8 9 1 ,7 1 2 3 6 ,8 3 1 2 4 ,0 5 2 5 ,3 1 5 9 ,3 3 1 $ 4 8 ,9 2 5 1 7 5 ,8 8 3 8 3 ,3 1 1 2 8 ,3 0 6 7 ,4 5 2 4 0 ,7 2 1 9 ,0 7 8 $ 4 1 ,0 5 5 1 6 9 ,4 8 3 1 0 1 ,9 0 1 ’ 6 ",7 7 7 4 0 ,7 6 7 7 ,9 6 6 $ 3 9 5 ,3 1 9 $ 3 9 3 ,6 7 6 $ 3 6 8 ,0 3 9 $ 1 5 0 ,0 0 0 8 ,7 7 6 2 3 6 ,5 4 3 -------------- $ 1 5 0 ,0 0 0 3 ,6 0 5 2 3 8 ,8 6 1 1 ,2 1 0 $150,000 $ 3 9 5 ,3 1 9 $ 3 9 3 ,6 7 6 $ 3 6 8 ,0 3 3 L ia b ilities— C a p i t a l s t o c k ........................................................... U n d i v i d e d p r o f i t s ............................................... D e p o s i t s ____________ M i s c e l l a n e o u s l i a b i l i t i e s ---------------------------T o ta l. 16 ’0 7 ,a $ 1 3 ,3 6 1 3 7 ,1 6 6 5 S .2 3 6 i l l j> 0 0 9 445 22^00 7 5 ,3 5 2 2 i7 7 4 T o t a l . . ................................................................................................................... L i a b i l i t ie s — C a p i t a l s t o c k p a i d I n ........................................................................... ......................._ _ $ 1 2 5 ,0 0 0 D e p o s i t s ............................................................................... — a B e g a n b u s in e s s O c t . 21 128 2 1 7 ,0 0 5 Merchants’ Trust Co. (Philadelphia). $ 3 9 4 ,0 7 0 1 ,8 1 3 ,1 3 5 6 ,2 3 1 ,7 3 7 3 ,3 0 7 ,3 1 7 4 7 0 ,8 5 0 1 ,3 3 6 ,0 6 0 4 1 4 ,9 4 8 5 3 9 4 ,7 1 9 1 ,8 4 8 , 3 5 4 5 ,6 1 8 ,9 7 4 3 .5 5 5 ,9 6 0 3 1 3 ,0 0 0 1 ,4 5 6 ,0 6 0 4 1 3 ,1 6 5 T o t a l .................................. $ 1 2 ,2 5 4 ,6 4 5 $ 1 3 ,6 0 0 ,2 3 2 $ 1 3 ,0 6 8 ,1 1 7 ♦ T r u s t d e p a r t m e n t ( a d d i t i o n a l ) _____ * $ 1 5 , 1 8 8 , 9 8 9 * $ 1 5 , 3 3 6 , 4 1 3 * 5 1 3 , 5 6 6 , 8 1 3 T I ti h i 111} /jo— — C a p i t a l s t o c k p a i d I n _______________________ $ 2 , 0 0 0 , 0 0 0 S u r p l u s a n d r e s e r v e f u n d ------------- -----------2 ,5 0 0 ,0 0 0 U n d i v i d e d p r o f i t s __________________________ 2 7 3 ,2 1 2 D e p o s i t s ---------------------------------------------------------7 ,4 8 1 ,4 3 3 $2,000,000 T o t a l .........................................................................$ 1 2 , 2 5 4 , 6 4 5 $ 1 3 ,6 0 0 ,2 3 2 1907. 2 % 10 % $2,000,000 2,000,000 2 ,5 0 0 ,0 0 0 2 8 8 ,7 5 8 8 ,8 1 1 ,4 7 4 R a t e o f I n t e r e s t o n d e p o s i t s o f $ 5 0 0 a n d o v e r ................ D i v i d e n d s p a i d In c a l e n d a r y e a r ............................................. 6 2 0 ,9 2 2 9 ,3 4 7 ,1 9 5 $ 1 3 ,9 6 8 ,1 1 7 1906. 2% 10 % Logan Trust Co. a (Philadelphia). R esources — C a s h o n h a n d ............................................... ........................................ D u e f r o m b a n k s a n d b a n k e r s - ---------------------------------------L o a n s o n c o l l a t e r a l --------------------------------------------------------------S t o c k s b o n d s . & c ------------------------------ ---------------- ----------------R e a l , e s t a t e , f u r n i t u r e a n d f i x t u r e s ............ ................. M i s c e l l a n e o u s a s s e t s ..................... ........... .. .............. .................... . . . . . . D e c . 16 ’ 0 7 . M $ 3 0 ,8 4 4 3 9 ,9 6 1 4 9 7 ,7 0 5 3 5 1 ,5 7 4 2 6 1 ,5 6 9 1 8 ,5 1 7 * $ 5 3 7 ,1 4 6 -... .. 5 0 ,1 )0 0 7 4 ,4 9 1 1 ,0 8 4 ,5 8 ! 5 0 .0 0 0 .- $ 1 ,7 5 9 ,0 7 2 C a p i t a l s t o c k ------------------------S u r p lu s a n d r e s e r v e f u n d . U n d i v i d e d p r o f i t s __________ D e p o s i t s ................................... B i l l s p a y a b l e .............................. 1a n d $ 9 ,9 9 7 5 8 ,1 4 1 5 0 3 ,1 2 5 2 4 2 ,9 7 2 2 3 4 ,6 2 0 9 ,0 1 2 $ 1 ,0 5 7 ,8 6 7 C a p i t a l s t o c k p a i d I n ............... .................. S u r p l u s f u n d ________________ _______ ______ ________________— D e p o s i t s ..................- ----------------------------- ---------------------------------------G r o u n d r e n t . . ................................. M i s c e l l a n e o u s l i a b i l i t i e s ---------------------------------------------------------- $ 5 0 0 ,0 0 0 1 2 5 ,0 0 0 4 2 2 ,4 3 6 1 5 0 ,0 0 0 2 ,7 3 4 $ 4 9 5 ,1 0 0 1 2 2 ,0 2 5 2 9 0 ,1 4 1 1 5 0 ,0 0 0 T o t a l ............................................................................................. $ 1 ,2 0 0 ,1 7 0 $ 1 ,0 5 7 ,8 6 7 $100,000 R esources — . . $ 1 8 ,7 8 9 S 5 .5 0 4 2 1 0 ,3 7 5 2 ,6 1 1 ,3 1 7 $ 4 0 1 ,5 0 4 4 1 1 ,2 0 5 5 3 5 ,0 7 0 3 3 ,9 8 5 6 1 ,4 5 1 ’ 7 4 ,6 2 2 6 ,0 3 9 T o t a l ......................................................................................... - - - 5 1 , 5 2 3 , 9 0 6 * T r u s t d e p a r t m e n t ( a d d i t i o n a l ) ............................................ * $ 5 1 3 ,6 7 2 . - $425 425 9 545 36 34 ,9 4 9 ,7 8 6 ,7 3 5 ,5 7 9 ,8 6 0 ,2 3 6 122 , 9 3 4 8 ,9 2 8 $ 5 0 0 ,0 0 0 5 0 ,0 0 0 6 9 ,8 2 3 1 ,3 5 6 ,7 2 7 $ 1 ,7 8 2 ,4 0 7 $ 1 ,9 7 6 ,5 5 0 1907. 2 & 3% 5% 1906. 2% 5% $ 2 5 0 ,0 0 0 1 2 5 ,0 0 0 2 3 ,4 2 0 1 ,1 0 6 ,2 9 1 f \ 1 9 ,2 5 5 5 0 ,6 0 9 1 3 ,2 1 5 $ 7 ,6 0 7 ,8 8 ,9 8 7 2 7 1 ,2 5 0 2 ,6 3 8 ,3 7 4 5 2 4 ,1 7 0 4 7 ,5 8 2 4 ,2 0 0 _ $ 2 ,9 8 9 ,8 0 9 $ 3 ,2 8 7 ,0 5 3 $ 3 ,5 8 2 ,1 7 0 $ 5 0 0 ,0 0 0 3 2 4 ,9 7 9 1 0 5 ,7 3 1 8 ,7 9 9 2 ,0 , 0 5500|, 33 0 0 $ 5 0 0 ,0 0 0 2 9 0 ,0 5 5 1 2 6 ,4 0 5 9 .1 9 3 2 ,3 6 2 ,0 0 0 $ 5 0 0 ,0 0 0 2 9 6 ,9 9 0 1 5 3 ,6 0 7 7 ,4 7 3 2 ,0 2 4 ,1 0 0 - $ 2 ,9 8 9 ,8 0 9 $ 3 ,2 8 7 ,6 5 3 $ 3 ,5 8 2 ,1 7 0 R esources — D ec. 3 1 ’ 0 7 . J u n e 3 0 ’ 0 7 . D e c . 3 1 ’ 0 6 . $ 1 ,1 2 2 ,0 3 0 $ 1 ,1 0 5 041 R e a l e s t a t e m o r t g a g e s - ............ .. ..................... $ 1 , 0 6 4 , 3 7 0 B o n d s a n d I n v e s t m e n t s e c u r i t i e s _____ 2 ,5 7 7 ,0 3 4 2 ,6 6 1 ,1 6 3 2 ,7 2 9 .9 0 3 L o a n s o n c o l l a t e r a l ________________________ 3 ,0 8 8 ,8 9 8 3 ,7 3 9 ,9 5 4 3 ,7 2 4 ,9 8 9 R e a l e s t a t e . ................................................ 2 2 0 ,7 1 3 220 492 2 1 9 ,1 5 7 C a s h ............................... 5 5 8 ,8 9 6 4 2 1 ,4 4 0 6 0 0 ,2 1 4 A c c r u e d I n t e r e s t .................. : ............................ 3 4 ,5 7 7 4 6 ,8 5 4 3 9 ,8 6 3 T o t a l ---------------------------------------------------------- $ 7 , 5 4 4 , 4 8 8 $ 8 ,2 1 1 ,9 3 3 $ 8 ,4 1 9 ,1 6 7 * T r u s t d e p a r t m e n t ( a d d i t i o n a l ) _______* $ 3 , 7 7 9 , 2 2 0 * $ 3 , 0 9 5 , 1 4 8 * $ 3 , 4 1 8 , 8 3 3 Liabilities — C a p i t a l s t o c k . . ............ - ..................................... S u r p l u s f u n d -------------------------------U n d i v i d e d p r o f i t s __________________________ G e n e ra l d e p o s its p a y a b le o n d e m a n d . G e n . d e p ., p a y a b le c n 2 w k s . n o t i c e .. $ 5 0 0 ,0 0 0 1 ,0 5 0 ,0 0 0 5 4 .6 1 9 2 ,7 5 3 ,1 1 5 3 ,1 8 6 ,7 5 4 $ 5 0 0 ,0 0 0 9 2 5 ,0 0 0 1 0 6 ,5 4 8 3 ,3 2 5 ,9 9 5 3 ,3 5 4 ,3 9 0 $ 5 0 0 ,0 0 0 8 0 0 ,0 0 0 1 6 7 ,7 0 9 3 ,7 7 3 ,9 9 8 3 ,1 7 7 ,4 0 0 T o t a l ................................................................... $ 7 ,5 4 4 ,4 8 8 $ 8 ,2 1 1 ,9 3 3 $ S ,4 1 9 ,1 6 7 1907. $ 1 5 9 ,1 2 6 5 0 ,0 0 0 6 ,4 1 3 ,3 6 9 2 & 3 % 1906. $ 1 0 1 ,6 0 8 5 0 ,0 0 0 6 ,4 4 2 ,0 0 0 2& 3% S tatistics fo r C alendar Y ea r — I n t . c r e d i t e d d e p o s i t o r s d u r i n g y e a r ____________________ A m o u n t o f d i v i d e n d s c n c o m p a n y ’ s s t o c k . . ................ A v e r a g e a m o u n t d e p o s i t s r e c e i v i n g I n t e r e s t __________ R a t e o f I n t e r e s t p a i d o n d e p o s i t s . ......................................... North Philadelphia Trust Co. (Philadelphia). R esources — D ec. 31 ’ 0 7 . J u n e 3 0 ’ 0 7 . D ec. 31 ’ 0 6 . B o n d s a n d m o r t g a g e s ....................................... S t o c k s a n d b o n d s . --------------- ---------------------A m o u n t . l o a n e d o n c o l l a t e r a l s __________ A m o u n t lo a n e d o n p e r s o n a l s e c u r itie s C a s h o n h a n d _______________________________ C a s h o n d e p o s i t ---------------------------- -------------O t h e r a s s e t s .......................................................... $ 1 7 4 ,6 5 5 1 9 2 ,1 1 2 2 9 9 ,5 2 9 1 1 6 ,2 8 8 7 1 ,2 4 9 2 8 ,9 0 6 5 3 ,1 4 2 $ 2 1 0 ,4 8 5 2 0 3 ,6 3 7 3 9 0 ,1 1 4 1 3 3 ,4 3 5 4 2 ,0 3 5 5 3 ,2 6 3 5 3 ,6 3 9 $ 2 3 6 ,7 4 5 1 6 6 ,3 0 9 3 3 9 ,4 8 1 1 3 0 ,3 1 7 3 3 ,1 1 1 2 1 ,7 4 6 5 3 ,6 7 0 T o t a l ------------------------- ------------------------------------♦ T r u s t d e p a r t m e n t ( a d d i t i o n a l ) _______ $ 9 3 5 ,8 8 1 * $ 1 2 ,1 9 7 $ 1 ,0 9 2 ,6 0 8 * $ 1 1 ,7 9 6 $ 9 8 1 ,3 7 9 * $ 2 ,0 0 6 $ 1 5 0 ,0 0 0 7 2 7 ,9 4 5 5 7 ,9 3 6 $ 1 5 0 ,0 0 0 8 9 6 ,1 8 6 4 6 ,4 2 2 5 1 5 0 ,0 0 0 7 9 1 ,0 4 5 4 0 .3 3 4 $ 9 3 5 ,8 8 1 $ 1 ,0 9 2 ,6 0 3 $ 9 8 1 ,3 7 9 L ia bilities — C a p i t a l s t o c k ------------------------------------------------G e n . d e p o s i t s p a y a b l e o n d e m . fc t i m e O t h e r l i a b i l i t i e s ............ ........................................ 1907. -.. 2 % & 3 % 5% 1906. 2% 4% Northwestem Trust Co. (Philadelphia). R esources — D ec. 31 ’ 0 7 . M a y 2 8 ’ 0 7 . D ec. 2 6 ’ 0 6 . C a s h ------------- - ------------- --------------------------- - C o m m e r c i a l p a p e r __________________________ C o l l a t e r a l l o a n s _____________________________ R a i l r o a d b o n d s f o r I n v e s t m e n t ------------M o rtg a g e s fo r In v e stm e n t -------- — B a n k b u ild in g , fu r n itu r e a n d fix tu r e s M i s c e l l a n e o u s ------------------------------------------------ $ 9 0 ,0 8 4 1 4 0 ,6 2 2 2 2 7 ,1 6 2 3 0 2 ,2 4 5 2 2 9 ,2 0 0 7 5 ,4 8 8 $ 9 9 ,9 3 8 8 7 ,1 7 4 3 1 3 ,3 4 9 2 8 1 ,7 9 7 1 8 3 ,5 5 0 5 7 ,5 2 5 ________ $ 9 4 ,1 3 8 6 7 ,6 5 2 1 9 3 ,3 7 1 2 2 7 ,1 0 6 2 0 4 ,2 0 0 3 8 ,1 3 9 332 T o t a l ......... ................................... ♦ T r u s t d e p a r t m e n t ( a d d i t i o n a l ) ________ $ 1 ,0 6 4 ,8 0 1 * $ 1 ,2 0 0 $ 1 ,0 2 3 ,3 3 3 $ 8 2 4 ,9 3 8 *$1,200 *$1,200 2 6 .9 5 7 4 3 8 ,4 0 4 7 0 3 ,1 1 2 3 1 ,5 3 4 C a p i t a l s t o c k ................................ - .................... $ 1 5 0 ,0 0 0 S u r p l u s --------------------------------------------------------------5 0 ,0 0 0 P r o f i t o v e r a l l e x p e n s e s ------------ ------------ 3 1 , 0 5 9 D e p o s i t s _____________________________________ 8 3 3 ,7 4 2 $ 1 5 0 ,0 0 0 5 0 ,0 0 0 2 6 ,1 1 6 7 9 7 .2 1 7 $ 1 5 0 ,0 0 0 5 0 ,0 0 0 1 7 ,4 4 8 6 0 7 ,4 9 0 $ t , 6 1 0 ,0 0 7 Total................................................- 51,064,801 $1,023,333 $824,938 $ 1 ,6 1 0 ,0 0 7 ------------$ 2 5 0 ,0 0 0 100,000 * Figures are of date Dec. 16 ’07, May 28 ’07 and Nov. 26 ’06 respectively $ 5 0 0 ,0 0 0 5 0 ,0 0 0 6 7 ,2 1 9 1 ,1 6 5 ,1 8 8 L ia bilities — D i v i d e n d s p a i d In c a l e n d a r y e a r . L ia bilities — T o t a l ............................................ .................. ..............- ....................$ 1 , 5 2 3 , 9 6 6 $ 1 ,9 7 6 ,5 5 0 * $ 5 1 0 ,4 4 1 C a p i t a l s t o c k ......... ................. ................. C o n t i n g e n t f u n d ____________________ . D e p o s i t s s u b j e c t t o c h e c k _______ R e n t a c c o u n t ------------------------------------. D e b e n t u r e b o n d s ____________________________- D ec. 1 6 ’ 0 7 . D ec . 31 ’ 0 6 . C a p i t a l s t o c k ......... ........................... .. .................................................... S u r p l u s f u n d .............................. ........................................................U n d i v i d e d p r o f i t s -----------------G e n e r a l d e p o s i t s , p a y a b l e o n d e m a n d ---------------------------- 1 S p e c i a l d e p o s i t s -----------------------------------------------------------------— / O t h e r l i a b i l i t i e s ---------------------- $1 , 7 8 2 , 4 0 7 * $ 5 3 9 ,1 1 2 5 1 0 .1 3 1 1 0 2 ,1 5 8 1 8 5 ,3 7 5 2 ,5 3 1 ,2 7 0 4 0 7 ,4 5 0 5 0 ,3 0 4 905 d ov er— Manayunk Trust Co. (Philadelphia). . . S 2 0 .1 3 9 9 7 ,4 4 6 1 ,1 2 6 ,7 7 6 8 2 ,8 0 0 4 2 5 ,0 5 8 4 9 ,8 0 9 1 6 7 ,0 3 3 7 .4 8 9 D ec . 1 6 ’ 0 7 . M a y 2 8 ’ 0 7 . N ov . 2 6 ’ 0 6 . C a s h o n h a n d ........................................... D u e f r o m b a n k s , & c _______________ C a l l l o a n s o n c o l l a t e r a l ____________ L oan s on b on d s a n d m ortg a g es M o r t g a g e s a t c o s t __________________ R e a l e s t a t e ___________________________ O t h e r a s s e t s . . ........................ ................. T ota l - a B e g a n b u s in e s s D e c . 19 1 9 0 6 .' R esources — o v e r -------- D i v i d e n d s p a i d In c a l e n d a r y e a r . L ia bilities — R e a l e s t a t e m o r t g a g e s ______ S t o c k s a n d b o n d s _____________ J u d g m e n t n o t e s ---------------------L o a n s ------------------------------ ----------R e a l e s t a t e a n d f i x t u r e s ___ C a s h o n h a n d ---------------------------C a s h o n d e p o s i t ----------------------O t h e r a s s e t s — ..................... .. $ 1 4 ,1 3 0 6 4 ,3 1 9 7 7 7 ,8 4 5 7 8 ,0 0 0 6 0 6 ,3 9 2 7 7 ,4 4 8 1 5 9 ,6 2 0 4 ,6 5 3 L ia b ilities — a y 2 8 '0 7 a . $ 1 ,2 0 0 ,1 7 0 $ 3 7 ,8 1 9 T o t a l .................... T r u s t d e p a r t m e n t ( a d d i t i o n a l ) ----------------------------------------- ■- M a y 2 8 ’ 0 7 . N ov. 2 6 ’ 0 6 . Northern Trust Co. (Philadalphia). D ec . 31 ’ 0 7 . J u n e 3 0 ’ 0 7 . D ec . 31 ’ 0 6 . $ 3 3 4 ,4 2 3 1 ,8 1 2 ,0 6 6 4 ,6 3 9 ,9 9 9 3 ,3 4 5 ,1 9 0 2 5 5 ,5 0 0 1 ,4 7 6 ,0 6 0 3 9 1 ,4 0 7 1 7 1 ,3 2 2 $ 3 2 9 ,9 3 4 1907. R esou rces— D ec . 1 6 ’ 0 7 . C a s h o n h a n d ________________________ .. $ 4 1 ,7 4 8 D u e fr o m b a n k s a n d b a n k e r s . .. .. 3 3 ,6 2 3 L o a n s o n c o l l a t e r a l ________ _______ .. 5 3 2 ,1 5 3 L oan s on b o n d s a n d m ortg a g es 1 9 4 .1 0 0 S t o c k s , b o n d s , & e _____________ 7 0 3 ,8 4 4 M o r t g a g e s r . ________________________________ R e a l e s t a t e , f u r n i t u r e a n d f i x t u r e s ____ .. 1 6 2 ,1 8 4 O t h e r a s s e t s _________________________ (The) Land Title & Trust Co. (Philadelphia). C a s h o n h a n d ............................................ .............. D u e f r o m b a n k s , & c ............ .................. L o a n s u p o n c o l l . & b o n d s & m t g e s ____ S t o c k s , b o n d s , & c __________________________ M o r t g a g e s ____________________________________ R e a l e s t a t e , fu r n itu r e a n d f i x t u r e s .. O t h e r a s s e t s ................................... - ....................- ..........................: : : : : : ____T o t a l .......... ......................................................................................................................... a S t a t e m e n t f o r t h e f i r s t 7 'A m o n t h s t h e c o m p a n y h a s b e e n I n b u s i n e s s . R esou rces- $ 3 2 9 ,9 3 4 Mortgage Trust Co. of Pennsylvania (Philadelphia). D ec . 1 6 ’ 0 7 . M a y 2 8 ’ 0 7 . D ec . 3 1 ’ 0 6 .a . . . . . - Market Street Title & Trust Co. a (Philadelphia). R esou rces— D ec. C a s h o n h a n d . ........................................................................... D u e f r o m b a n k s a n d b a n k e r s _______ ____________________ L o a n s o n c o l l a t e r a l ______________________________________________________________ L o a n s c n b o n d s a n d m o r t g a g e s _______________________________________ I . S t o c k s , b o n d s , & c __________________________ _ M o r t g a g e s . ----------------------- -----------------------------------------" 1 1 1 1 1 1 1 1 1 1 1 1 1 : R e a l e s t a t e , f u r n i t u r e a n d f i x t u r e s _______________________________________ M i s c e l l a n e o u s a s s e t s _______________________________________________ ~ ~ ~ ~ ~ ~ ~ ~ 8% 9% d9L L ia bilities — * Figures are of date Dec. 16 ’07, May 28S’07 and Nov. 26 ’06 respectively. THE CHRONICLE. 302 Provident Life & Trust C o. (Philadelphia). Pelham Trust Co. (Philadelphia). 31 ’0 7 . J u n e 30 ’07. D e c . 31 ’ 00. $34,000 534,300 $40 ,000 140,570 200,914 199,599 127,375 249,300 113,850 1,837 8,355 11,628 10 ,12 1 10,715 11,978 18,527 33,156 36,000 1,932 11,810 36,292 ■c. R esou rces— R e a l estate m o r tg a g e s ----------S to ck s an d b o n d s ------------------R oans on c o lla te r a l--------- — L oa n s o n p erson a l s e cu rltle s . Casli o n h a n d ------------------------Cash on d e p o s i t --------------------O th er a ssets----------------------------T o t a l--------------------------------------------------L ia b ilitie s — C a p ita l s t o c k ----------------------------------------S u rplu s fu n d ----------------------------------------U n d iv id e d p r o llt s -------------------,---------- G eneral d ep osits p a y a b le on d e m a n d . O th er lia b ilitie s -------------------------------— $454,150 5427,888 $46 2,89 3 $150,000 40,000 9,008 254,982 100 $150,000 40 ,000 4,673 225,291 7,924 $15 0,00 0 37,500 3,531 268,387 3,475 $45 4,15 0 $427,888 $46 2,89 3 Pennsylvania Co. for Insurances on Lives and Granting Annuities (Philadelphia). 10 ’0 7 . M a y 28 ’ 0 7 . N o v . 20 ’ 0 0 . 551 0,40 5 5741,875 5003,818 845 ,304 1,4 7 0 ,3 2 4 1,510,810 175,000 - ,;r 8,464,345 8,8 2 5 ,0 3 3 8 .307,021 4,0 8 5 ,5 0 4 4,757,021 4 ,9 2 6 ,8 7 8 545 2,436,807 2 ,129,S67 ' ' ,517 933 ,035 958 ,657 033,035 3.G 40.008 4 ,160,083 4 ,7 9 5 .0 0 0 190,405 140,010 140 355 41,850 53,143 17,030 D ec. R c sou rce s- Cash on h a n d ----------------------------------D u e from ba n k s an d b a n k e r s ------C o m m ercia l a n d o th e r p a p e r --------------L o a n s on c o lla t e r a l------------------------------S to c k s , b o n d s , & c --------------------------------M o r t g a g e s ------------------------------------------R e a l es ta te , fu rn itu re an d fix tu r e s . . R e s . fu n d fo r p r o te c tio n o f trust bal In te re s t a c c r u e d ---------------------- ............ O th er assets----------------------------------------- ............... ..5 2 1 ,9 5 9 ,8 0 0 5 2 3 ,175 .07 2 52 3 ,3 2 2 ,7 1 9 T o t ;,l _ ♦T ru st d e p 7t (a d d it io n a l)---------* 5 1 4 1 , 5 6 4 . 8 1 3 * 513 8,31 1,4 25 * 5 1 3 7 ,7 1 9 ,9 2 0 L ia b ilitie s — 52,0 0 0 ,0 0 0 C a p ita l s tu c k -------------------------------3,0 0 0 ,0 0 0 Surplus fu n d -------------------------------U n d iv id ed p r o fit s --------------------------------- T ’ ro S ’ b p ? D ene eposits sits ----------------------------------------------318,262 O th er lia b ilities . 52,000,000 3,000,000 721,405 17,355,702 98,805 52,000,000 2,000,000 1,000,701 17,580,108 81,790 T o ta l _____________________________5 21 ,959 ,80 9 523 ,175 ,97 2 52 3 .3 2 2 ,7 1 9 1907. 1906. F i s c a l Y e a r e n d i n g N o v . 30— 5721,950 571 4,71 5 T o t a l p rofits fo r y e a r -----------------------------------------------407 ,030 430,889 In t. cre d ite d d e p o s ito rs d u rin g y e a r --------------------296,519 278 ,033 E x p en ses o f In stitu tion sam e p e r io d --------------------400,000 400 000 D iv id e n d s o n c o m p a n y ’s s t o c k ------------------------------- Pennsylvania Warehousing & Safe Dep Co. (Philadelphia.) R esou rces— D c c - ' . P Z i M a y 28 ’ 07. D e c . 31 ’00. S3,209 52,918 Cash o n h a n d ---------- -----------------------------r f ’-mo 50,990 99,378 01.7UJ D u e from b a n k s an d b a n k e rs--------44,441 33,193 44,951 A c c r u e d s tora g e c h a r g e s-----------------340 ,100 310,013 441 ,044 L oa n s o n colla tera l ............................... 4 8 9 ,551 520,441 419,192 In v e s tm e n t securities o w n e d -----------745 ,780 745,786 761 ,450 R eel es ta te , fu rn itu re an d f ix t u r e s .. 24,229 20,630 20,505 O th er assets---------------------------------------- ____ $ 1 ,7 1 8 ,7 9 5 T o t a l _________________ - - L ia b ilitie s— C a p ita l s t o c k ----------------------------------------*«n n n n n U n d iv id e d p r o fit s --------------------------------§ 0 0 ,0 0 0 D ep os its s u b je c t to c h e c k . - .......... 821,541 B on d s and m ortg a g es p a y a b le ----------120,000 2 0 0 ,6 -4 B ills p a y a b le ------ ----------35,530 O th er lia b ilitie s ................ .. 5 1 ,000,197 51,7 9 0 ,1 0 9 5441,100 600,000 337,582 120,000 175.246 22,269 544 1,10 0 598,281 3 98 ,877 120,000 200,518 3 1 ,3 9 3 T o t a L - - ........................... .......................... 5 1 ,718 ,795 51,690,197 51,7 9 0 ,1 0 9 People’ s Trust Co. (Philadelphia). R esou rces— ^ CCi J ? 'S Z i A f« y 28’0 7 .a D ue from b a n k s an d b a n k e r s . - - - - - - - ......... C om m ercia l a n d o th e r p a p e r p u r c h a s e d ------------------L o a n s on c o lla t e r a l----------------------------------------------------S to c k s , b o n d s , & c ----------------------------------M ortg a g es ________________________________ R ea l es ta te , furn itu re an d fix tu re s-----------------------M iscella neous assets...................... .......................... ............ ^7,347 189,044 §17,773 357,474 98,000 10,979 7,501 105 ,903 8 0 ,953 1432,350 5,140,098 8 40,700 y»- 9,511 3,789 51.221,480 *51,392 5 1 ,035,377 5031 ,255 13,508 571 ,274 5,389 5525,910 1,586 507,875 T o t a l ..................................................................................... . 51,221,486 a B egan business F e b . 4 1907. 5 1 ,035,377 ♦ T ru st d ep a rtm en t (a d d itio n a l) L ia b ilitie s — C a p ital stoek p aid In-------------------U n d iv id e d p rofits ................. ........... D e p o s it s ---------------------------------------M iscellaneous l ia b ilit ie s ................. Philadelphia Mortgage & Trust Co, (Philadelphia). R esou rces— F irst m ortg ages on real e s t a t e . . ........... C ity and c o u n t y w a r r a n t s ........... ......... S to ck s and b o n d s --------------------------------C on tra ct sale a c c o u n t ---------------------— A c c o u n ts r e c e iv a b le ----------------------------A c c r u e d In terest----------------------------------R ea l esta te, fu rn itu re and f i x t u r e s . .. O th er real e s t a t e ----------------------------------Cash In ban k s, A c --------------------------------T im e and call lo a n s ------------------------------- n r -' J u n e 30 ’ 07. D e c . 31 ’ 00 5136,184 5145,546 5133,90.) 40,750 40,756 46,717 44,170 44,170 44,1 7 0 33,042 27,908 30,J o 7 20,001 21,755 ‘ W 05 02,095 91,193 ." 4 ,2 5 0 174 ,300 174,300 174,300 035,484 673,154 601,841 41,266 57,227 03,713 35,250 ----------- DeC* ,% \ T o t a l ________ _________ - .......................... 51.2 1 0 ,2 7 8 * T ru st d ep a rtm en t (a d d it io n a l)--------- *512 3,55 6 L ia b ilitie s — .... ... C a pital s t o c k ---------------------- - - -----------^ . 9 9 ’n n n C o m p a n y ’ s b on d s o u t s t a n d i n g .--------49_1,000^ 11,438 Interest c o u p o n s due J a n . 1 -J u ly 1 — 27,968 D ue d e p o s ito r s ________________________ 31,510 Bills p a y a b le ----------------------------— 80,000 M ortg age, 106 & 108 S ou th 4 th S t — 54,141 C on tin gen t f u n d _______________________ 20,215 U n d iv id e d p r o fits --------------------------------A c c o u n t s p a y a b le --------------------------------- 5 1 .259,740 *5129,512 $1,2 8 2 ,0 6 9 $129,461 5500,000 493,000 12,086 28,903 50.000 80.000 57,337 10,824 20,996 $500,000 4 9 0 ,5 0 0 18,819 61,939 50.000 80.000 57,738 17,073 T o t a l .......... .......................... .................... S I , 216,278 $1,259 740 $ 1,282,069 In terest at rate o f 2 % is paid o n dep osits o f 5500 and o v e r. N o t e .— Philadelphia Trust, Safe Deposit & Insurance Co. (Phila.). R esou rces— D e c . 31 ’ 07. J u n e 30 ’ 07. D e c . 31 ’ 06. Cash on han d - ____ $33 3,73 4 $353 ,083 $320,434 572,397 D ue from ban k s) A c ! 11 1 1 1 1 1 1 _______ „ 6 3 8 ,8 0 5 326 ,805 5,738,783 Loansflon c o lla t e r a l______________'--------r ’ ?™ ,313 ,401 5,041,516 S to c k s , b on d s, A c _____________________ 19,300 M o r t g a g e s _______________________ 16,300 „15 ,300 300 ,000 R ea l esta te, fu rn itu re an d fix tu r e s — 3 0 0 ,0 0 0 300 000 ,254 O th er assets_____________________ 3 3 ,879 J54__ 35,901 T o t a l___________________________ $ 1 1 ,4 4 6 ,2 2 9 $ 11 ,422 ,27 6 $12 ,034 ,33 1 •Trust d ep a rtm en t (a d d itio n a l)____ * $ 5 4 ,6 9 1 ,5 4 9 * 5 5 0 ,8 0 1 ,0 1 5 * 5 5 2 ,9 2 4 ,1 3 8 L ia b ilitie s — C a p ital s U o c k .......... ................................... $ 1 ,0 0 0 ,0 0 0 $ 1,000,000 $1,0 0 0 ,0 0 0 S u rplu s an d u n d iv id ed p r o fits __________ 3 ,0 9 9 ,2 8 4 3,682,061 3 ,4 9 7 ,3 2 5 D ep osits .............. 0 ,7 4 5 ,2 8 9 0,738,883 7,5 3 4 ,3 4 3 D iv id en d s u n p - ’ d ______________________ 1,656 1,332 2,603 T o ta l [VOL. LXXXVI. $ 1 1 ,422 ,27 6 $12 ,034 ,33 1 1907. 1906. D iv id en d s p a id In ca len d a r y e a r ..................................... 18% 17% R esou rces— D e c . 16 ’ 07. M a y 28 ’ 07. N o v . 26 ’ 06 $346,270 579 2,27 8 M o r t g a g e s _____________________________ $791,682 4 ,8 2 7 ,2 5 8 4 ,4 4 8 ,8 5 8 S to c k s an d b o n d s -------------------------------4 ,8 4 3 ,7 7 8 8 ,3 2 1 ,6 4 9 7 ,7 4 3 ,5 0 8 L oa n s o n c o lla te r a l------------------------------6.039,331 25,622 14,622 R e a l e s ta te _____________________________ 15,122 224 ,706 280 ,325 Cash o n h a n d ---------------------------------------415 ,222 502,967 529,829 D u e fro m ban k s a n d b a n k e rs.................. 634 ,595 T o ta l ______________________________5 1 2 ,7 3 9 ,7 3 0 5 1 3 ,809 ,42 1 514 ,308,532 In su ra n ce d e p a rtm e n t (a d d itio n a l) . .5 0 1 ,9 4 5 ,3 1 8 8 00 ,321 ,85 9 559 ,056,468 • T ru st d e p a rtm e n t (a d d it io n a l)-------*$ 7 8 ,3 0 3 ,3 2 1 * 5 7 9 ,7 4 9 ,0 8 1 * 5 7 7 ,790,495 L ia b ilitie s — ,000,000 C a pital s t o c k ___________________________ 8 1 ,0 0 0 ,0 0 0 5 1 ,0 0 0 ,0 0 0 ,600,000 3 ,8 0 0 ,0 0 0 Su rplu s and reserve f u n d --------------------3 ,8 0 0 ,0 0 0 882 ,804 838,101 U n d iv id e d p r o fits --------------------------------500,063 ,825,728 D e p o sits p a y a b le o n d e m a n d --------------7 ,3 8 7 ,3 3 8 8 ,1 7 1 ,3 2 0 D iv id e n d s u n p a id --------------------------------1,729 C le a rin g-H o u se c e rtifica te s — L o a n — 50,000 T o t a l . ________________ ______ _________$ 1 2 ,7 3 9 ,7 3 0 5 1 3 ,809 ,42 1 $1 4 ,3 0 8 ,5 3 2 S t a t i s t i c s f o r F i s c a l Y e a r e n d . N o v . 30— 1907. 1900. 518 1,95 3 5201,793 In te re st cre d ite d d e p o sito rs d u rin g th e y e a r ----------A m o u n t o f d iv id e n d s on c o m p a n y ’ s s t o c k -------- (2 8 % )$ 2 8 0 ,0 0 0 27H % A m o u n t o f d e p o sits re ce ivin g In te re st----------------------A ll A ll R a te o f Interest o n d e p o s its --------------------------------------2% 2% Real Estate Title Insurance & Trust (Philadelphia). $5,5 7 4 ,0 7 8 $5,8 1 9 ,0 2 6 T o t a l _________________________________ 5 5 ,0 2 4 ,5 2 7 •Trust d e p a rtm e n t (a d d it io n a l)-----------*56,5 1 7 ,1 5 1 * 5 5,898,725 * $5,304,002 L ia b ilitie s— . „ „ C a pital s t o c k . . . ................ 5 1 ,0 0 0 ,0 0 0 5 1 ,0 0 0 ,0 0 0 $1,000,000 050 ,000 Su rplu s and reserve f u n d _____________ 775 ,0 0 0 725 ,000 U n d iv id e d p r o fits ______________________ 4 4 ,8 2 8 54,554 57,400 G eneral d e p o s its ________________________ 3,1 7 0 ,0 4 1 3,7 4 7 ,7 3 7 4,064,681 O th er lia b ilitie s_________________________ 3 4 ,658 4 6 ,787 40,885 T o t a l _____ : ............................................... 8 5 ,0 2 4 ,5 2 7 $ 5 ,5 7 4 ,0 7 8 S ta tistics f o r C a le n d a r Y e a r — 1907. A m o u n t o f d iv id e n d s on c o m p a n y ’s s t o c k --------------_ 570 ,000 A m o u n t o f d e p o sits re ce iv in g in te re s t----------------------- $ 2 ,9 5 8 ,1 4 3 T n tnvno f ivnM 2.2 L (X3 ROaofn te rtf o f linterest p aid rtn on rlnnnolfc d e p o s its . $5,8 1 9 ,0 2 6 1906. $00,000 5 4 ,0 0 4 ,6 5 0 2 2 *23%% , 2 } 4 AA Real Estate Trust Co. (Philadelphia). 16 ’ 07. M a y 28 ’ 07. N o v . 20 ’ 00. $13 5,18 2 573 ,777 5114,592 209 ,050 1 ,004,919 826 ,022 4 ,0 6 7 ,9 3 7 4 ,1 1 0 ,o 8 3 3,0 0 6 ,0 0 8 --------------------1 ,375,000 701,591 080,909 588,955 2 ,8 4 9 ,7 0 7 2 ,7 9 8 ,0 0 0 2 ,787,000 2 55 ,000 250 ,000 372,424 7 4 ,6 0 4 3 9 i,I ll- D ec. R esou rces— Cash o n h a n d _________________ !_________ D ue fro m ban ks an d ba n k e rs__________ L oa n s o n c o lla te ra l____________________ T im e n otes and a cco u n ts s e c u r e d ------S to ck s, b o n d s, & c _____________________ R eal esta te , fu rn itu re an d fix tu r e s___ C om m ercia l p a p e r_____________________ M is c e lla n e o u s _________________________ T o t a l........ ........................ $ 8 ,3 5 3 ,1 3 7 $ 9 ,3 0 9 ,3 2 0 $9,070,001 •Trust d e p a rtm e n t (a d d it io n a l)____ * 5 2 5 ,0 1 7 ,0 2 9 * 5 2 0 ,2 1 0 ,0 8 1 * 5 2 0 ,0 6 0 ,3 8 5 L ia b ilitie s — 5 1 ,5 0 0 ,0 0 0 $1,5 0 0 ,0 0 0 C apital s to c k , paid in _________________ $ 1 ,5 0 0 ,0 0 0 3,8 3 9 ,1 9 8 3 ,5 0 0 ,0 0 0 C apital s to c k , p re fe rr e d _______________ 3 ,2 1 3 ,1 0 0 290,334 213,763 U n d iv id e d p r o fits _____________________ 341,368 3 ,9 1 3 ,0 5 0 3 ,5 1 7 ,1 0 0 D e p o s i t s ____ _______ 3 ,2 9 4 ,5 8 7 09,030 M iscellaneous lia b ilit ie s .................... 4,082 T o t a l ............................................................ $ 8 ,3 5 3 ,1 3 7 5 9 ,3 0 9 ,3 2 0 $9,070,061 Republic Trust Co. a (Philadelphia). D e c 31 ’ 07. M a y 28 ’ 07 R esou rces— $34,298 $55,420 Cash on h an d and In b a n k ------------------------------05,208 63,011 R eal esta te , safe d e p o s it v a u lts, fu rn itu re & llx t ’ rs 410 ,8 9 0 419 ,025 L oa n s on co lla te r a l_________________________ _________ 39,192 8,077 C om m ercia l p a p e r-------------------- ---------------------------------13,421 13,421 B o n d s _____________________________ ___________________ 15,559 8,792 M iscellaneous a ssets_________________________________ T o ta l ______________________________________________ L ia b il ities— C apital s to c k p aid In --------------------Surplus f u n d . . - .........................- ...................................... - U n d ivid e d p’r o flt s ---------------------------------------------------------D e p o s it s _____________________________ __________ M iscellaneous lia b ilitie s---------------------------------- 558 4,05 8 , , . . _. . $lo8,.>89 -738 10,329 378 ,002 5508,352 $13 9,32 9 32,293 390,04 3 5,787 T o ta l _______________________________________ $584,658 $568,352 N o t e . —-In terest a t the rate o f 2 % Is paid on d e p o sits s u b je c t t o cheek an d 3 \4 % on sa vin gs d e p o s its . a B egan B usiness Ja n . 1 1907. Rittenhouse Trust Co. (Philadelphia). D ec. R esou rces— Cash on h a n d ____________________ ______ Cash on d e p o sits ...................... ................... Loans on co llateral _________ _______ S to c k s , b o n d s, A c _____________________ R ea l esta te, fu rn itu re and fix tu re s— T ru st d e p a rtm e n t (a d d it io n a l). L ia b ilitie s — Surplus f u n d _____ U n d ivid e d p r o fits . T reasu rer’ s c h e c k s . T o t a l........................................................ 31 ’ 07. J u n e 29 ’ 07. N o r . 26 ’ 06. 531 ,499 510,825 $11,580 38,001 20,704 46,401 447 ,7 9 9 470,731 585,201 195,077 195,977 49,671 4,508 4,508 8,012 $717,844 *5231 $720,745 *5109 $70 1,76 5 $25 0,00 0 50,000 5,839 411 ,980 19 $250,000 50,000 2,468 417 ,957 320 $250,000 50,000 3,811 307,954 $717,844 5720,745 5701,765 Tacony Trust Co. (Philadelphia). R esou rces— R ea l estate m o r tg a g e s .................. S to ck s and b o n d s _______________ L oans on c o lla te ra l......................... L oa n s on personal se cu ritie s— R ea l e s ta te ________ ______________ Cash on h a n d ____________________ Cash on d e p o s it_________________ O th e r assets_______ ______________ D ec. 31 '0 7 . J u n e 30 ’ 07. D e c . 31 '0 6 . $95 ,625 5108,300 5116,475 365 ,2 0 7 359 ,512 328 ,982 272,036 273,805 3 58 ,345 33,831 25,530 26,033 41,000 •1 1 , 0 0 0 •1 1 , 0 0 0 42,057 40,199 53,263 39,746 24,942 42,614 11,366 19,940 11,193 $90 2,06 9 $899,294 $977,905 *$2,102,318 *$2,191,640 * $ 2 ,0 4 9 ,4 1 2 L ia b ilitie s — C apital s t o c k _____________ Surplus and reserve f u n d . U n d iv id e d p r o fits ________ D e p o sits _________________ O th e r lia b ilitie s___________ $150,000 10 0 ,0 0 0 18,557 625,300 8,152 $902,009 ........................................... $ 1 1 ,4 4 6 ,2 2 9 * Figures are of date Dec. 16 '07, .\fay 28 ’07 and Nov. 26 '06 respectively. 31 ’ 07. J u n e 30 ’ 07. D e c . 31 ’ 00 $41 8,87 3 $ 5 0 0 ,2a6 8477,789 1,258,974 1 ,2 6 7 .04o 1 ,252,902 2,7 2 1 ,1 5 4 1 ,9 2 4 ,3 0 6 2,5 1 7 ,0 4 6 509,981 3 97 ,483 481,383 108,374 136,670 538,322 522 ,0 8 7 4 55 ,480 203,348 237 ,082 2o2,742 D ec. R esou rces- R e a l estate m o r tg a g e s _________________ S to c k s and b o n d s ---------------------------------L o a n s on c o lla te r a l_____________________ R e a l e s ta te ______________________________ Cash on h a n d ___________________________ Cash on d e p o s it _________________________ O th e r assets_____________________________ Dividends paid In calendar year. d o v e r _______■ $15 0,00 0 80,000 17,439 010,523 35,332 $15 0,00 0 80,000 23,439 712 ,320 12,146 5899,294 1907. 2 % 8 % $977,905 1900. 2 % 8 % * Figures are of date Dec. 16 '07, May 28 '07 and Nov. 26 '06 respectively. THE CHRONICLE. Feb . 15 1908., Tradesmen’s Trust Co. (Philadelphia). United R esou rces D ec. 31 ’ 0 7 . J u n e 3 0 ’ 0 7 . $ 2 4 7 ,1 7 8 C a sh o n h a n d a n d d u e fr o m b a n k s , & c $ 1 7 0 ,1 7 0 1 7 3 ,0 7 5 C o m m e r c ia l a n d o t h e r p a p e r o w n e d - . 1 3 8 ,0 0 6 5 2 0 ,3 2 2 C a l l l o a n s u p o n c o l l a t e r a l _______ ________ 2 0 8 ,0 8 5 4 1 3 ,4 8 8 S t o c k s , b o n d s , & c __________________________ 4 1 3 ,0 7 0 0 1 5 ,4 1 0 M o r t g a g e s -------------------------------------------------------5 4 5 ,2 2 4 2 1 0 ,3 3 0 R e a l e s t a t e , f u r n i t u r e a n d f i x t u r e s ____ 2 1 0 ,0 0 0 1 8 0 ,4 0 2 2 7 4 ,4 5 2 R e a t e s t a t e , c o l l a t e r a l l o a n s _____________ 2 4 ,6 9 0 O t h e r a s s e t s __________________________________ 3 5 ,2 3 0 T o t a l ___________________ * T r u s t d e p a r t m e n t _______________________ L i a b i l i t ie s — C a p i t a l s t o c k _________________________________ S u r p l u s a n d r e s e r v e f u n d _________________ U n d i v i d e d p r o f i t s __________________________ D e p o s i t s _____________________________________ T o t a l _____________________________________ D e c . 31 5227 184 427 431 809 ’06. ,1 8 5 ,7 7 0 ,2G 4 ,7 5 6 220 ,0 8 1 41 ,310 156 ,4 0 8 $ 2 ,6 9 4 ,5 9 1 * $ 5 5 ,3 8 2 $ 2 ,5 5 8 ,7 8 1 * $ 4 1 ,1 8 7 $ 5 0 0 ,0 0 0 1 7 5 ,0 0 0 4 4 ,3 1 3 1 ,3 S 3 ,0 0 5 $ 4 9 9 ,5 0 0 1 7 5 ,0 0 0 4 7 ,5 1 1 1 ,9 7 2 ,5 8 0 $ 4 9 9 ,5 0 0 1 5 0 ,0 0 0 0 2 ,5 1 1 1 ,8 4 0 ,7 7 0 $ 2 ,1 0 3 ,0 0 8 $ 2 ,0 0 4 ,5 9 1 1007. 2 & 3 Vi % $ 2 ,5 5 8 ,7 8 1 R a te o f In te re st o n d e p o s its o f $ 1 0 0 a n d o v e r . D i v i d e n d s p a i d In c a l e n d a r y e a r ________________ T o t a l . ................................................................. T o t a l _____________________________________ $ 3 , 9 1 6 , 1 8 5 * T r u s t d e p a r tm e n t (a d d it io n a l). - ..* $ 3 ,9 6 8 ,5 4 0 L ia b ilitie s — C a p i t a l s t o c k ________________________________ $ 1 , 0 0 0 , 0 0 0 S u r p l u s a n d u n d i v i d e d p r o f i t s -------- ■ .— 3 5 5 ,9 2 3 D e p o s i t s _____________________________________ 2 ,5 5 0 ,1 9 9 1 0 ,0 0 3 D i v i d e n d s ------------------------ $ 4 ,3 4 7 ,3 0 9 $ 4 ,4 9 9 ,2 8 0 * $ 3 ,8 0 0 ,4 1 0 * $ 3 ,7 3 6 ,0 0 1 T o t a l ................... T o t a l ____________________________________ $ 4 ,3 4 7 ,3 0 9 1907. 2 % to 3 % 4% Union Trust Co. (Philadelphia). D e c . 31 '0 7 . $ 1 7 7 ,6 2 4 9 6 ,0 2 2 5 6 5 ,2 1 5 2 5 4 ,9 5 5 8 4 0 ,S99 3 0 8 ,0 7 7 2 1 6 ,2 5 3 6 9 ,3 8 9 J u n e 30 ’0 7 . $ 1 6 9 ,0 0 5 1 2 2 .S 7 6 0 7 3 ,7 0 0 2 4 4 ,4 2 5 8 4 1 ,8 7 4 3 0 8 ,0 7 7 2 0 2 ,1 6 4 1 3 1 ,9 3 0 J a n . 1 ’0 7 . $ 2 8 8 ,0 5 4 8 4 ,8 1 3 6 9 9 ,8 4 3 2 1 5 ,6 9 7 7 4 7 ,4 2 0 3 0 8 ,0 7 7 2 4 8 , 5 SO 1 0 4 ,9 2 4 $ 2 ,5 2 8 ,4 3 5 $ 2 ,6 9 4 ,0 5 1 $ 2 ,6 9 7 ,4 0 8 $ 5 0 0 ,0 0 0 6 5 ,0 0 0 4 0 ,7 1 1 0 8 5 ,0 4 7 5 5 4 ,8 4 0 3 7 6 ,8 2 9 $ 5 0 0 ,0 0 0 6 5 ,0 0 0 3 8 ,3 7 5 1 , 2 6 0 ,0 9 7 6 4 5 ,5 6 4 1 8 5 ,0 1 5 $ 5 0 0 ,0 0 0 6 5 ,0 0 0 4 0 ,0 3 0 1 ,4 0 9 ,4 6 0 6 5 6 ,9 4 4 2 5 ,9 7 4 $ 2 ,5 2 8 ,4 3 5 $ 2 ,6 9 4 ,6 5 1 T o t a l ______________________________ !% . X o t e .— R a t e o f I n t e r e s t o n d e p o s i t s o f $ 1 0 0 a n d o v e r S 2 ,G 9 7 ,4 C 8 D ec. 31 ’ 0 7 . J u n e 3 0 ’ 0 7 . $ 1 ,7 4 3 ,8 2 1 $ 1 ,7 8 0 ,2 2 9 1 0 7 ,6 2 5 2 2 1 ,8 3 2 1 ,0 8 5 , 5 0 1 8 3 9 ,2 3 1 3 0 2 ,1 3 9 3 5 1 ,7 3 5 1 8 4 ,2 4 0 1 0 8 ,7 2 2 4 1 ,2 0 7 4 ,0 1 5 S T . D e c . 31 ’ 0 0 . $ 1 ,0 6 9 ,0 1 3 2 2 0 ,8 9 9 1 ,1 0 9 , 9 8 1 3 8 6 ,5 2 3 2 0 0 ,5 9 1 4 8 ,5 2 6 L O U IS D e c . 3 1 '0 7 . J u n e 3 0 '0 7 . $ 4 6 8 ,2 0 5 1 0 3 ,5 1 2 0 4 ,1 2 1 1 7 ,9 1 2 5 ,7 3 2 $ 4 0 5 ,0 1 8 1 0 0 ,6 1 2 5 2 .1 2 0 1 4 .5 0 8 1 4 ,3 1 1 $ 5 9 7 ,8 5 0 $ 0 5 9 ,4 8 2 $ 5 8 0 ,5 7 5 S 1 0 0 .0 0 0 2 0 .0 0 0 1 3 ,1 8 7 4 6 0 ,2 9 0 4 ,3 7 6 $ 1 0 0 ,0 0 0 2 0 ,0 0 0 8 ,5 7 4 5 2 5 ,0 8 5 5 ,2 2 3 $ 1 0 0 ,0 0 0 2 0 ,0 0 0 1 .3 7 3 4 6 0 ,1 3 0 5 060 $ 6 5 9 ,4 8 2 1907. $1 1 ,2 0 2 N one. A ll 2% & 3% $ 5 8 6 ,5 7 5 1906. $ 8 ,0 1 8 N on e A ll 2% & 3% T o t a l . . ...................... . $ 5 9 7 ,8 5 0 S ta t is tic s f o r C a le n d a r Y e a r — I n te r e s t c r e d it e d d e p o s it o r s d u r in g y e a r . . . . _____ A m o u n t o f d i v i d e n d s o n c o m p a n y ’ s s t o c k ________ A m o u n t o f d e p o s i t s r e c e i v i n g I n t e r e s t ........................ . . R a t e o f I n t e r e s t p a i d o n d e p o s i t s _____________ ___________ Commonwealth Trust Co. (St. Louis). R esou rces— D e c . 3 ’ 0 7 . A U 0 - 2 2 ’0 7 . N o v . 12 ’ o n . L o a n s ______________________ $ 1 0 ,7 1 5 ,7 4 2 $ 1 0 ,0 3 5 ,3 5 9 $ 0 ,5 7 3 ,4 9 2 R o n d s a n d s t o c k s ----------------------------------------- . 8 5 3 ,4 6 2 8 7 5 ,4 7 0 7 4 S .2 4 4 R e a l e s t a t e --------------------------------------------------------1 ,0 1 8 ,3 8 5 1 ,0 5 2 .5 2 4 1 .0 6 4 ,1 8 5 O t h e r a s s e t s - - ......................... 3 2 ,4 0 2 3 2 ,4 9 0 4 3 ,0 3 3 C a s h I n v a u l t s a n d d e p o s i t o r i e s --------------3 ,1 9 9 ,1 7 3 3 ,2 3 3 ,1 5 4 4 3 1 6 ,5 0 4 $ 1 6 ,1 2 8 ,9 0 7 $ 1 5 ,7 4 6 ,0 5 8 $ 2 ,0 0 0 ,0 0 0 3 ,9 1 3 ,9 5 5 4 2 ,0 0 0 1 0 ,1 7 3 ,0 4 2 $ 2 ,0 0 0 ,0 0 0 3 ,8 4 3 ,9 0 4 6 0 ,0 0 0 9 ,8 4 2 ,1 5 4 T o t a l __________ _______ __________________ $ 1 5 , 8 1 9 , 2 2 4 $ 1 6 , 1 2 8 , 9 9 7 8 1 5 . 7 4 6 , 0 5 8 X o t e .— R a t e o f I n te r e s t o n d e p o s it s o f $ i o o a n d o v e r , 2 % a n d 3 % . Jefferson-Gravois Trust Co. (St. Louis). R esou rces— D e c . 31 '0 7 . J u n e 3 0 ’ 0 7 . N o r . 1 2 ' 0 6 . L o a n s a n d d i s c o u n t s ....................................... $ 2 1 3 ,6 2 0 $ 2 5 6 ,4 5 1 $ 1 7 0 ,9 7 8 R o n d s a n d s t o c k s ___________________________ 2 9 ,8 1 7 2 9 ,3 0 7 1 3 ,2 1 0 F u r n it u r e , fix tu r e s a n d s a fe d e p o s it v a u l t ______________ ____________ _____________ 2 ,0 6 6 2 ,0 5 2 2 ,0 3 0 C a s h , e x c h a n g e a n d m is c e lla n e o u s — 6 0 ,9 7 0 6 4 ,7 2 3 5 1 1 71 T o t a l ......... ................ ........................................ $ 3 9 2 ,8 3 5 $ 4 0 3 ,4 8 3 $ 3 7 1 ,7 4 7 $ 1 6 0 ,0 0 0 4 0 ,0 0 0 3 ,6 2 9 1 9 9 ,8 5 4 $ 1 6 0 ,0 0 0 4 0 ,0 0 0 (>25 1 7 1 ,1 2 2 ' T o t a l ____________________________________ . $ 3 9 2 ,8 3 5 $ 4 0 3 ,4 8 3 $ 3 7 1 ,7 4 7 D ec. 16 ’ 0 7. R esou rces— $ 3 0 4 ,3 1 1 C a sh on h a n d a n d d u e fr o m b a n k s .. . 2 ,2 0 2 ,3 4 7 L o a n s o n c o ll, a n d o n b o n d s & m tg e s . I n v e s t m e n t s , s t o c k s a n d b o n d s ________ . 2 ,1 4 4 ,3 0 2 5 1 ,5 0 0 M o r t g a g e s __________________________________ 8 0 8 ,5 7 9 R e a l e s t a t e , fu r n itu r e a n d f i x t u r e s .. . 5 8 ,2 5 8 A c c r u e d I n t e r e s t , & c _____________________ . M a y 28 ’ 0 7. $ 5 6 7 ,5 5 6 2 ,2 5 8 ,0 9 9 2 ,1 5 2 ,2 3 7 6 1 ,0 0 0 8 6 6 ,7 8 7 5 8 ,1 0 3 D ec. 31 ’ 0 6 . $ 3 4 4 ,8 3 0 2 ,6 9 7 ,5 8 1 2 ,1 1 6 ,2 6 2 7 8 ,3 0 0 8 6 5 ,3 4 7 4 5 ,3 9 6 . $ 5 ,6 2 9 ,2 9 8 * T r u s t d e p a r t m e n t ( a d d i t i o n a l ) ________** $ 1 , 5 3 2 , 3 1 7 $ 5 ,9 0 3 ,7 8 2 * 1 ,5 2 5 ,8 0 0 $ 6 ,1 4 7 ,7 1 6 * 1 ,5 0 9 ,3 0 1 L i a b i l i t ie s — $ 1 ,0 0 0 ,0 0 0 C a p i t a l s t o c k _________________________ 1 ,0 5 0 ,0 0 0 S u r p l u s ________________________________________ . 6 2 ,0 6 7 U n d i v i d e d p r o f i t s __________________ D e p o s i t s __________ ___________________ $ 1 ,0 0 0 ,0 0 0 1 ,0 0 0 ,0 0 0 1 2 0 ,6 4 0 3 ,8 4 3 ,1 3 0 $ 1 ,0 0 0 ,0 0 0 1 ,0 0 0 ,0 0 0 8 8 ,8 8 2 4 ,0 5 8 ,8 3 4 . $ 5 ,6 2 9 ,2 9 8 $ 5 ,9 0 3 ,7 8 2 $ 6 ,1 4 7 ,7 1 6 R esou rces— R e a l e s t a t e m o r t g a g e s ___________________ S t o c k s a n d b o n d s ------------------ ----------------- -L o a n s o n c o l l a t e r a l _______________________ R e a l e s t a t e __________________________________ C a s h o n h a n d a n d o n d e p o s i t __________ O t h e r a s s e t s ________________________________ . . . . . D e c . 31 ’ 0 7 . J u n e 3 0 ’ 0 7 . D e c . 31 ’ 0 6 . $ 9 5 5 ,4 4 2 $ 1 ,0 3 0 ,8 9 7 $ S 2 8 ,2 7 7 4 3 2 ,4 4 0 3 3 7 ,9 6 5 2 3 0 ,0 2 1 1 ,5 7 0 ,4 6 6 1 ,8 3 3 ,2 3 9 2 ,1 1 3 ,9 5 2 9 2 ,7 1 4 9 2 ,7 1 4 9 2 ,7 1 4 3 8 6 ,7 5 3 4 3 4 ,9 0 1 4 1 8 ,3 1 9 2 7 ,5 9 7 2 0 ,0 0 1 3 1 ,2 2 6 L i a b i l i t ie s — C a p i t a l s t o c k p a i d I n _______________________ S u r p l u s ______________________________________ U n d i v i d e d p r o f i t s _________________ G e n e r a l d e p o s i t s ____________________________ T o t a l . _______ ____________________________ $ 3 ,7 6 1 ,7 1 7 “ S I ,2 3 9 ,4 5 7 $ 3 ,7 1 4 ,5 0 9 * $ 1 ,2 2 3 ,0 7 2 $ 5 0 0 ,0 0 0 3 0 0 ,0 0 0 2 6 ,1 2 1 2 ,0 4 5 ,3 0 0 $ 5 0 0 ,0 0 0 2 7 5 ,0 0 0 4 1 ,7 7 3 2 ,9 4 4 ,0 4 4 $ 5 0 0 ,0 0 0 2 5 0 ,0 0 0 4 5 ,7 8 6 2 ,9 1 8 ,7 2 3 $ 3 ,4 7 1 ,4 2 1 $ 3 ,7 6 1 ,7 1 7 1907. 2 to 3 % $ 3 ,7 1 4 ,5 0 9 1900. 2 to 3 % 8% 6% $300 470 $ 3 5 2 ,5 3 3 * F ig u r e s a r e o f d a t e D e c . 16 ’0 7 , M a y 2 8 ’ 0 7 a n d N o v . 2 6 ’0 6 r e s p e c t i v e ly Jefferson-Gravois Trust Co. (St. Louis)— Con. D e c . 31 '0 6 . $ 3 6 0 ,1 9 3 1 0 5 ,3 8 1 1 1 5 ,3 0 5 3 .7 4 2 7 ,1 7 8 T o t a l ____________ $ 1 5 ,8 1 9 ,2 2 4 L i a b ilit ie s — C a p i t a l s t o c k __________ $ 2 ,0 0 0 ,0 0 0 S u r p l u s a n d u n d i v i d e d p r o f i t s ------- --3 ,9 2 6 ,5 2 4 R e s e r v e d f o r t a x e s ---------------------6 6 ,0 0 0 D e p o s i t s ________ ________- .................................. 9 ,8 2 6 ,7 0 0 X o v .2 d ’0 6 .a $ 1 ,7 2 9 2 2 ,3 3 3 1 9 ,1 5 5 2 2 9 ,2 7 9 6 1 ,4 5 6 3 3 ,6 6 9 1 ,1 2 9 C O M P A N IE S . Broadway Savings Trust Co. (St. Louis). T o t a l - ______________ L i a b i l i t ie s — C a p i t a l s t o c k _____________ - _________ ________ S u r p l u s . . ____________ U n d i v i d e d p r o f i t s ....................... D e p o s its . . - . -----------O t h e r l i a b i l i t i e s ----------------------- . . . ............ June 30 ’07. $ 5 ,9 2 3 2 2 ,4 4 0 3 7 ,6 7 8 1 9 2 ,3 9 1 1 0 5 ,3 3 0 3 5 ,3 7 8 4 ,3 4 3 $ 1 6 0 ,0 0 0 4 0 ,0 0 0 6 ,0 0 3 I S O ,7 4 2 $ 3 ,4 7 1 ,4 2 1 T o t a l ____________________ ’ T r u s t d e p a r t m e n t ( a d d i t i o n a l ) ------------* $ 1 , 3 2 2 , 0 2 8 * F i g u r e s a r e o f d a t e D e c . 1 0 ’ 0 7 , M a y 2 8 '0 7 a n d N o v . 2 6 '0 6 r e s p e c t i v e l y . R esou rces— L o a n s o n c o lla t e r a l, c o m m e r c ia l p a p e r a n d I n v e s t m e n t s e c u r i t i e s — ---------R o n d s a n d s t o c k s _______. . — ----------- . . D u e fr o m tr u s t c o m p a n ie s a n d b a n k s . C a s h o n h a n d ---------------------O t h e r a s s e t s . . ________________________________ 2, 2 ^ & 3 % L i a b i l i t ie s — C a p i t a l s t o c k p a i d I n _____________________ S u r p l u s f u n d _______________________________ . U n d i v i d e d p r o f i t s ________________________ D e p o s i t s ____________________________________ . $ 3 ,3 7 1 ,7 6 4 $ 3 ,6 1 4 ,0 8 3 $ 3 ,0 4 1 ,5 3 1 R a t e o f I n te re s t o n d e p o s it s o f $ 5 0 0 a n d o v e r . D l v i d e n d s p a i d In c a l e n d a r y e a r _____________ * $ 7 4 0 ,9 7 1 * $ 7 0 3 ,1 6 0 * $ 6 8 2 ,3 6 5 T o t a l ____________________________ T r u s t d e p a r t m e n t ( a d d i t i o n a l ) ............. 1906. $ 3 3 ,9 2 3 6 0 ,0 0 0 1 .4 3 4 .3 7 5 W e st Philadelphia Title & Trust Co. (Philadelphia). United Security Life Insurance & Trust (Philadelphia). R e a l e s t a t e m o r t g a g e s ____________________ S t o c k s a n d b o n d s __________________________ R o a n s o n c o l l a t e r a l ____________ R e a l e s t a t e . ----------------------- ----------------------------C a s h o n h a n d a n d d e p o s i t _______________ O t h e r a s s e t s __________________________________ $ 3 ,6 4 1 ,5 3 1 1007. $ 3 2 ,0 5 4 0 0 ,0 0 0 1 ,2 6 2 ,6 0 2 •> ’& 3 % WesVEnd Trust Trust Co. (Philadelphia). R a t e o f I n t e r e s t o n d e p o s i t s o f $ 5 0 0 a n d o v e r ________ D i v i d e n d s p a i d In c a l e n d a r y e a r ............ ............................... L i a b ilit ie s — C a p i t a l s t o c k ________________ S u r p l u s -------------------------------------U n d i v i d e d p r o f i t s __________ D e p o s its s u b je c t to c h e c k S p ie l a ! d e p o s i t s . -----------------M is c e lla n e o u s lia b ilit ie s . $ 3 ,0 1 4 ,6 8 3 a R e g a n b u s i n e s s In J u n e 1 9 0 6 . $ 3 ,9 1 0 ,1 8 5 R esou rces— C a s h ............ ................. - T i m e l o a n s ------------------D e m a n d l o a n s ----------M o r t g a g e s ____________ R o n d s a n il s t o c k s B a n k i n g h o u s e _______ O t h e r r e a l e s t a t e ___ M is c e lla n e o u s a s s e t s $ 3 ,3 7 1 ,7 6 4 R esou rces— D ec. 31 ’ 0 7 . C a s h o n h a n d _______________________________ . $ 1 1 ,0 7 5 D u e f r o m b a n k s a n d b a n k e r s __________ . 2 3 ,0 0 2 C o m m e r c ia l a n d o t h e r p a p e r o w n e d . 4 3 ,2 0 7 L o a n s o n c o l l a t e r a l _______________________ 1 7 5 ,9 7 3 S t o c k s , b o n d s , & c _______________________ r 1 0 0 ,0 2 9 R e a l e s t a t e , fu r n itu r e a n d fi x t u r e s .. 3 5 ,9 1 2 M i s c e l l a n e o u s ______________________________ 3 ,0 3 7 6% J u l y 3 1 ’ 0 7 . J a n . 31 ’ 0 7 . $ 1 0 4 ,3 1 3 1 S S 7 6 ,4 2 .i 4 8 8 ,2 7 2 ] !,3 9 6 ,0 8 8 9 5 3 ,5 5 4 3 7 0 ,0 4 7 2 0 ,0 9 0 (Phila.)— Con. Wayne Junction Trust Co.a (Philadelphia). 1000. J a n . 31 ’ 0 8 . $ 1 1 3 ,4 7 0 3 0 1 ,9 0 1 !,1 3 2 ,5 0 1 0 0 2 ,0 2 8 3 7 9 ,0 4 7 2 6 ,0 3 2 & Trust S ta t is tic s f o r C a le n d a r Y e a r — I n t e r e s t c r e d i t e d d e p o s i t o r s d u r i n g y e a r _______________ A m o u n t o f d i v i d e n d s o n c o m p a n y ’ s s t o c k ____________ A m o u n t o f d e p o s i t s r e c e i v i n g I n t e r e s t _________________ R a t e o f I n t e r e s t p a i d o n d e p o s i t s ___________________ << (The) Trust Company of North Am erica' (Philadelphia). R esou rces— C a s h o n h a n d --------------------------------------------D u e f r o m b a n k s , &e|J--------------------- . . . . R o a n s o n c o l l a t e r a l -----------------------------— S t o c k s , b o n d s , & c ________________________R e a l e s t a t e , fu r n itu r e a n d f i x t u r e s .. O t h e r a s s e t s -------------------------------------------------- Security Life Insurance L i a b i l i t ie s — D e c . 31 ’ 0 7 . J u n e 3 0 ’0 7 . D e c . 31 ’ 0 6 . C a p i t a l s t o c k --------------------------------------------------- $ 1 , 0 0 0 , 0 0 0 S I , 0 0 0 ,0 0 0 $1,000,000 S u r p l u s f u n d -----------------------------------------------------0 0 0 ,0 0 0 5 5 0 ,0 0 0 5 5 0 ,0 0 0 U n d i v i d e d p r o f i t s ----------------------------------------1 3 5 ,0 0 2 1 0 2 ,0 3 1 1 3 0 ,6 5 6 G e n e ra l d e p o s it s , p a y a b le o n d e m a n d 1 ,2 0 2 , 0 0 2 1 ,4 2 5 ,5 5 2 1 .4 3 4 .3 7 5 O t h e r l i a b i l i t i e s ........................................... 3 7 3 ,5 0 0 4 7 0 ,5 0 0 5 2 6 ,5 0 0 ,002 $ 2 ,1 0 3 ,0 0 8 * $ 6 0 ,3 0 3 393 $ 2 3 7 ,3 9 8 L ia b ilitie s — D e c . 3 1 '0 7 . J u n e 3 0 ’ 0 7 . N o v . 1 2 '0 6 . $ 1 0 0 ,0 0 0 $ 1 0 0 ,0 0 0 S 1 0 0 .0 0 0 C a p i t a l ___________________ S u r p l u s a n d p r o f i t s . --------------------------------8 ,7 6 6 0 ,6 1 9 893 D e p o s i t s ________ 1 9 7 ,7 1 3 2 4 5 .9 1 4 1 .3 6 ,5 0 5 T o t a l .................... $ 3 0 6 ,4 7 9 $ 3 5 2 ,5 3 3 $ 2 3 7 ,3 9 8 Mercantile Trust Co. (St. Louis). D ec. 3 ’0 7 . A u o 22 .$ 2 0 ,7 0 3 ,7 5 0 1 5 1 8 ,4 5 1 . 3 ,6 7 6 ,5 3 4 / . 5 .6 7 9 ,8 1 6 6 ,3 3 9 880 . 8 8 0 ,0 0 0 . 2 5 0 ,0 0 0 200 5 ,3 5 3 . 5 ,0 6 9 ,4 1 8 R esou rces — T i m e l o a n s ......... ........ .. ............... D e m a n d l o a n s ...... ........... R o n d s a n d s t o c k s . . ______ . . R e a l e s t a t e ....................... ................. S a f e d e p o s i t v a u l t s --------------- . C a s h a n d s i g h t e x c h a n g e _____ O t h e r r e s o u r c e s . — ............ . . . - . 0,001 T o t a l _____ _______________________ ________$ 3 0 , 2 7 0 , 5 1 9 ’07. ,5 0 6 ,3 9 9 ,000 ,000 ,4 1 7 ,7 0 8 $ 3 ! , 2 3 0 ,0 9 0 Liabilities— C a p i t a l s t o c k ......................... S u r p l u s a n d u n d i v i d e d p r o f i t s . ............... R e s e r v e d f o r t a x e s 1 9 0 7 --------------R e s e r v e d fo r In te re st a n d c o n tin g e n t R in d a n d e x t r a C h r is tm a s d iv id e n d F o r e ig n e x c h a n g e . --------------C l e a r i n g H o u s e c e r t i f i c a t e s -------------------- $ 3 ,0 0 0 ,0 0 0 6 ,6 1 1 ,5 1 6 1 1 0 ,0 0 0 D ep osits ______________________________ 22,031,894 O t h e r l i a b i l i t i e s _____________________________ 7 ,1 1 0 $ 3 ,0 0 0 ,0 0 0 0 ,8 0 3 ,9 8 7 4 0 ,0 0 0 X o c . 12 $ 1 7 ,2 0 3 '0 6 107 5 ,4 1 7 ,5 2 3 6 8 0 ,000 1 6 0 ,000 4 .3 3 3 .2 4 8 181 , 1 0 7 ,9 7 9 ,9 8 7 000,000 7 3 4 ,3 9 7 1 7 9 ,4 7 8 ---------2 ,4 8 8 ,0 9 9 1 ,4 2 1 , 0 0 0 2 1 ,3 8 1 ,4 0 6 4 ,6 9 7 ____________________________ $ 3 6 , 2 7 0 , 5 1 9 S 3 1 , 2 3 0 . 0 9 0 T o t a l --------------------------------------------1907. R a t e o f I n t e r e s t o n d e p o s i t s o f $ 5 0 0 a n d o v e r -------2% & 3% D i v i d e n d s p a i d i n c a l e n d a r y e a r --------------------------------------1 2 % & 4 % e x . ,0 6 5 ,0 6 7 1 ,0 4 5 2 7 ,9 7 9 .9 8 7 1906. 2% & 3% 20% Mississippi Valley Trust Co. (St. Louis). R esou rces— . R e a l e s t a t e m o r t g a g e s ----------------S t o c k s a n d b o n d s ---------------------- ---------— . . L o a n s o n c o l l a t e r a l ------------------------. L o a n s o n p e rso n a l s e c u r it ie s .. R e a l e s t a t e ________________________ C l e a r i n g - H o u s e c e r t i f i c a t e s . ------------------. S a f e d e p o s i t v a u l t s — ----------------C a s h o n h a n d -------------------- ---------------C a s h o n d e p o s i t --------------- -----------------------------. . O t h e r a s s e t s ............ .. .............................. T o t a l . ..................- ____ ________ D ec. 3 ’07 $ 8 9 3 ,4 3 2 , 3 44 55 , 0 5 2 7 ,3 9 ,2 0 2 ,9 3 9 1 ,4 3 7 , 7 7 5 1 4 5 ,2 1 5 1 ,2 8 1 .0 0 0 7 2 ,0 0 0 2 ,5 4 9 ,9 5 0 , 2 99 00 , 3 4 9 1 ,2 7 3 ,6 4 4 - - .$ 2 4 ,2 9 1 ,9 6 5 A u g . 2 2 ’0 7 . NOV. 12 ’0 6 . $ 7 9 4 ,7 5 3 $ 8 8 9 ,2 1 9 7 ,4 0 0 ,7 9 0 7 ,5 1 6 ,3 2 0 1 0 ,6 7 8 ,1 6 9 1 0 ,4 9 8 ,8 5 8 1 ,6 0 0 ,9 4 9 1 , 3 9 6 ,1 8 1 2 4 6 ,8 0 2 1 61 .8 0 9 7 2 ,0 0 0 2 ,0 4 3 ,9 5 8 3 ,6 6 4 ,8 7 8 3 6 ,6 9 2 2 ,1 6 8 ,6 8 8 4 ,0 3 2 .3 3 9 9 7 ,1 3 9 $ 2 6 ,2 7 9 ,9 1 4 $ 2 7 ,0 1 9 ,6 3 $ 394 T H E Mississippi Valley Trust Co. (St. Louis)— Con. Vandeventer Trust C o.«(St. Louis). L ia b ilitie s '— D e c . 3 ’ 0 7 . A u g . 2 2 ’ 0 7 . N o v . 1 2 '0 0 . C a p i t a l s t o c k ----------------$ 3 ,0 0 0 ,0 0 0 $ 3 ,0 0 0 ,0 0 0 $ 3 ,0 0 0 ,0 0 0 S u r p l u s f u n d - - - .................... 3 ,5 0 0 ,0 0 0 3 ,5 0 0 ,0 0 0 3 ,5 0 0 ,0 0 0 U n d i v i d e d p r o f i t s - - ............... ......................... 2 ,0 8 4 ,2 4 7 2 ,1 4 1 ,4 6 8 2 247 315 4 1 0 ,5 7 1 ’ F o r e i g n a c c e p t a n c e s . .................. .................... C l e a r i n g - H o u s e c e r t l l l c a t e s _____________ 5 0 0 ,0 0 0 D e p o s i t s ( s a v i n g s ) ----------------------------------------4 ,4 7 0 ,2 3 7 4 ,5 0 6 ,1 6 3 D e p o s i t s ( t i m e ) . ---------------------------------------2 ,4 0 0 ,3 5 0 2 ,3 0 4 ,1 3 3 7 , 4 0 3 , 910 D e p o s i t s ( d e m a n d ) ----------------------------------------7 ,8 5 0 ,7 7 0 1 0 ,5 0 2 ,5 7 4 1 0 ,7 0 3 8 2 6 O t h e r l i a b i l i t i e s ....................................... 781 8 5 ,5 7 0 104. 578 T o t a I ------------- ---------------------------------------------$ 2 4 , 2 0 1 , 0 0 5 [VOL. LXXXVI. O H K O N lU L i $ 2 0 ,2 7 0 ,0 1 4 " $ 2 7 ,0 1 0 , 0 3 5 St. Louis Union Trust Co. (St. Louis). R esou rces— D e c . 31 ’0 7 . L o a n s a n d d i s c o u n t s ____________________ $ 2 0 1 ,4 5 1 B o n d s a n d s t o c k s _____________________ 5 ,0 8 4 F u r n it u r e , fix tu r e s a n d s a fe t y v a u l t s . 0 ,3 4 5 C a s h , e x c h a n g e a n d m is c e lla n e o u s .. 5 0 ,0 3 8 T o t a l ____________________________________ L i a b i l i t ie s — C a p i t a l s t o c k ( 5 0 % p a i d I n ) — _____ D e p o s i t s ---------------------------------------- ---------------M i s c e l l a n e o u s _______________________________ T o t a l .............................................. ................. R esou rces— D e c . 3 1 ’ 0 7 J a n e 3 0 ’ 0 7 . D e c . 31 R e a l e s t a t e m o r t g a g e s --------------------------------$ 6 0 0 ,3 0 0 $ 0 0 0 ,2 3 7 $ 1 ,2 0 8 L o a n s .. -------------------1 8 ,1 0 0 ,0 4 7 1 8 ,0 8 0 ,1 1 4 2 0 ,0 8 2 S t o c k s a n d b o n d s .................................. 4 ,6 1 4 ,4 5 6 4 ,4 3 4 ,1 3 6 4 ,0 6 6 R e a l e s t a t e a n d o f f i c e b u i l d i n g _________ 5 6 8 ,7 3 0 5 8 2 .8 0 7 570 C a s h o n h a n d . ------------------------------------------------1 ,5 0 4 ,0 2 9 0 0 4 ,1 0 0 015 C a s h o n d e p o s i t --------------------3 ,4 0 8 ,1 8 1 0 .7 8 1 ,0 0 3 3 ,9 1 7 S a t e d e p o s i t v a u l t s ---------------------------------------1 0 0 ,0 0 0 1 0 0 ,0 0 0 100 T o t a l ------------------------------------------------------------ $ 2 9 7 2 1 0 , 8 4 5 $ 3 2 , 1 5 2 , 3 0 3 L i a b i l i t ie s — C a p i t a l s t o c k ...................... $ 5 ,0 0 0 ,0 0 0 $ 5 ,0 0 0 ,0 0 0 S u r p l u s f u n d ----------------------- ----------------- . . . . 5 ,0 0 0 ,0 0 0 5 ,0 0 0 ,0 0 0 U n d i v i d e d p r o f i t s _____________. . . _______ 1 ,3 6 1 ,4 9 7 1 ,2 8 8 ,2 9 4 D i v i d e n d s u n p a i d ___________ 2 0 0 ,0 0 0 2 0 0 ,0 0 0 G e n e r a l d e p o s i t s --------------------------------------------- 1 7 , 6 3 9 , 3 4 3 2 0 ,0 0 4 ,0 0 9 R e s e r v e f o r t a x e s ________________ ___________ ________ 0 0 ,0 0 0 R e s e r v e f o r I n t e r e s t ............ .............................. 1 0 ,0 0 0 00. 592 057 719 ,6 9 7 ,8 3 0 ,3 3 3 ,000 $ 3 1 , 2 5 1 ,8 2 8 $ 5 , 0 0 0 ,000 5 , 0 0 0 ,0 9 0 1 ,1 5 3 ,9 9 2 2 0 0 ,0 12 1 9 . 8 8 7 ,8 2 4 __ i o 000 . . . ..$ 2 9 ,2 1 0 ,8 4 5 $ 3 2 ,1 5 2 ,3 0 3 $ 3 1 ,2 5 1 8 2 8 T o t a l ------------------------------ -----------S ta t i s ti c s f o r C a le n d a r Y e a r — ■ 1907. m ot I n t e r e s t c r e d i t e d d e p o s i t o r s d u r i n g y e a r . . ---------$ 3 0 7 ,8 0 0 $ 4 1 0 ,1 8 0 A m o u n t o f d i v i d e n d s o n c o m p a n y ’ s s t o c k -----------------8 0 0 ,0 0 0 8 0 0 ,0 0 0 A m o u n t o f d e p o s i t s r e c e i v i n g I n t e r e s t - ................. A ll A ll R a t e o f I n t e r e s t p a i d o n d e p o s i t s . ------------------ ----------------- 2 % dem . and 3 % sav. B R O O K L Y N a B egan b u s i n e s s In M a y T o t a l .................................................................... $ 1 4 , 8 4 0 , 7 9 0 L ia b ilitie s — C a p i t a l s t o c k ____________________ $1 S u r p l u s f u n d ( m a r k e t v a l u e ) -----------------1 D e p o s i t s s u b j e c t t o c h e c k ------------- --------9 C e r tfs . o f d e p o s it (n o t p r e f . ) , t im e — C c r tfs . o f d e p o s it (n o t p r e f .) , d e m a n d D u e t r u s t c o m p a n i e s ........................ .............. D u e s a v i n g s b a n k s -------------------------------------D u e a s e x e c u t o r , a d m in is t r a t o r . & c . . O t h e r l i a b i l i t i e s -------------------------------------------- 7 ,4 3 8 ,8 0 5 7 ,0 0 7 .2 8 9 212 000 9 ,2 7 3 ,5 0 1 8 0 4 ,5 8 0 400 80 244 1 ,2 9 1 6 0 0 8 28 7 0 4 9 8 ,2 6 2 1 ,2 9 5 ,2 2 0 3 8 4 ,4 3 1 101 ,0 7 0 ,8 1 0 3 2 ,6 8 5 7 ,6 7 8 2 2 2 ,3 7 9 $ 2 0 ,6 0 2 ,4 7 5 $ 2 0 ,3 2 6 ,1 4 1 $ 2 0 ,3 2 6 ,1 4 1 $ 8 2 4 ,0 7 1 4 7 0 ,0 0 8 1 1 0 ,9 7 7 100,000 1 0 ,5 1 9 ,0 4 8 J a n . 1 ’0 7 . $ 4 7 1 ,4 2 5 J a n . 1 '0 6 . $ 2 3 9 ,1 7 9 1 1 7 ,5 0 0 100,000 21,000 ,4 9 2 3 5 4 ,0 3 0 7 1 8 ,0 0 2 3 0 0 ,0 0 0 2 1 ,0 0 3 3 0 3 ,7 5 0 3 0 9 ,5 6 3 no 12,000 31 12,000 B o n d s a n d m o r t g a g e s --------------------------------S to ck a n d b o n d In v estm en ts: P u b lic s e c u r it ie s (m a r k e t v a lu e ) . . O t h e r s e c u r it ie s (m a r k e t v a lu e ) — L o a n e d o n c o l l a t e r a l ----------------------------------O t h e r l o a n s ......................................... .................... B i l l s p u r c h a s e d ---------------------------- ----------------O v e r d r a f t s -------- ---------------------------------------------R e a l e s t a t e ---------------------------- ------------ -------------D u e fr o m a p p r o v e d r e s ’v e d e p o s ito r ie s D u e f r o m t r u s t c o ’s , b a n k s , b a n k e r s a n d b r o k e r s . . _______ ____________________ S p e c i e _______ ______ _______ _______ ___________ L e g a l t e n d e r n o t e s a n d b ills o f n a t i o n a l b a n k s ...................................... ................. C a s h I t e m s ____________________________________ O t h e r a s s e t s ........................ ............................ ........ $ 5 0 8 ,3 5 0 T o t a l ................................................................... 0001 0 2 0 ,5 5 1 / 12 ,000 2 0 0 ,5 1 5 1 8 3 ,1 0 7 1 2 3 4 ,8 8 4 ,2 9 7 1 ,7 5 0 1 0 0 ,5 0 4 J 4 7 ,2 9 4 1 9 ,5 8 1 1 ,1 2 3 ! ,8 0 7 1,000 4 2 ,9 4 3 455 3 0 ,0 0 0 1 5 ,0 1 4 75 1 7 ,5 0 6 $ 1 ,7 0 8 ,1 1 1 $ 2 ,1 4 8 ,1 0 2 $ 1 ,5 9 2 ,0 4 5 Liabilities — C a p i t a l s t o c k ________________________________ S u r p lu s fu n d (m a r k e t v a l u e ) . . _______ D e p o s i t s s u b j e c t t o c h e c k _____ _________ C e r t f s . o f d e p o s i t ( n o t p r e f . ) , t i m e ___ C e r t fs . o f d e p o s it (n o t p r e f . ) , d e m a n d D u e t r u s t c o m p a n i e s ..................... ................. D u e s a v i n g s b a n k s . . ______________ ______ D u e as e x e c u t o r , a d m in is tr a to r , & c. . O t h e r l i a b i l i t i e s __________ ___________________ $ 5 0 0 ,0 0 0 T o t a l ................................................................... S u p p lem e n ta r y — T o ta l a m o u n t o f In terest a n d c o m m ls s l c n s r e c e i v e d d u r i n g y e a r ____________ I n t . c r e d it e d d e p o s it o r s , s a m e p e r io d . E x p e n s e s o f In s titu tio n , s a m e p e r io d . A m t . o f d e p . o n w h i c h I n t . Is a l l o w e d . $ 5 0 0 ,0 0 0 1 3 1 ,4 2 3 8 2 0 ,2 0 8 1 0 ,2 7 6 3 3 ,0 0 3 $ 5 0 0 ,0 0 0 1 5 2 ,4 5 3 1 ,1 7 5 ,6 0 5 4 2 ,9 1 5 5 5 ,8 7 8 1 5 1 ,6 4 6 21 ,6 8 7 3 ,7 7 2 4 4 ,2 3 6 $ 1 ,7 0 8 ,1 1 1 $ 2 ,1 4 8 7 l9 2 $ l , 5 9 2 ,0 1 5 138,718 9 8 9 ,5 6 5 1 4 ,1 7 7 1 1 ,1 7 2 1 4 ,8 1 0 6,000 5 1 1 4 ,5 0 3 3 5 ,0 2 7 4 0 ,3 4 0 7 4 7 ,5 0 0 R esou rces— Total---------- ----------- ---------------- J a n . 1 ’0 8 . $ 3 0 7 ,0 5 0 5 2 ,0 1 1 1 1 4 0 ,7 5 0 / 1 ,4 8 3 ,0 5 0 3 2 5 ,2 3 5 120 6 9 ,0 0 0 2 0 1 ,9 8 0 1 0 0 ,2 2 5 1 8 ,5 1 4 $ 1 1 0 ,8 1 3 $ 1 5 ,2 7 1 Ce 3 0 ,0 7 0 1 ,4 5 1 , 5 0 2 Oo. (Brooklyn). S to ck a n d b o n d In v estm en ts: P u b l i c s e c u r i t i e s ( m a r k e t v a l u e ) ____ O t h e r s e c u r i t i e s ( m a r k e t v a l u e ) ___ L o a n e d o n c o l l a t e r a l _____________ ______ _ _ O t h e r lo a n s , I n c lu d in g b ills p u r c h a s e d O v e r d r a f t s _______ _________ ___________________ R e a l e s t a t e ________ ___________________________ D u e fr o m a p p r o v e d r c s ’v c d e p o s it o r ie s D u e f r o m t r u s t c o ’s , b a n k s , b a n k e r s a n d b r o k e r s . . ___________________________ S p e c i e -------------------------------------------------------------L e g a l t e n d e r n o t e s a n d b ills o f n a t i o n a l b a n k s -----------------------------------------------O t h e r a s s e t s ---------------------------- ------------------- -- S 5 0 ,0 0 0 1 7 8 ,2 8 9 399 $ 2 0 3 ,5 0 8 $ 3 2 0 ,5 0 2 $ 2 2 8 ,0 3 3 11st Co.a(St. Louis). R esou rces— R e a l estate m o r tg a g e s .......... .............. .. L o a n s oti c o lla te r a l____________________ Cash on h a n d . . _______ _________________ Cash on d e p o s it ________________________ O th er a ssets_____ _____________ _______ T o t a l . . ________ ___________________ D e c . 31 ’ 0 7 . $ 1 4 3 ,9 0 2 0 4 ,2 5 7 2 0 ,2 1 3 2 5 ,6 9 1 7 ,0 4 7 J u n e 3 0 ’0 7 . D e c . 31 ’ 0 0 . $ 1 4 3 ,4 9 3 $ 1 4 2 ,3 5 0 9 4 ,0 2 2 3 9 ,8 5 0 1 4 ,3 9 1 1 2 ,1 3 4 2 0 ,7 0 0 2 8 ,2 8 5 8 ,3 0 0 . 7 ,4 3 7 $ 2 0 7 ,7 1 0 $ 2 8 7 ,5 6 0 $ 2 3 0 ,0 5 0 Capital s t o c k ________ ______ ___________ U n divid ed p r o fit s . ________________ S av in gs an d tim e d e p o s its ____________ G eneral d e p o sits p a y a b le on d em an d . O th er lia b ilitie s________________________ $ 1 0 0 ,0 0 0 2 .1 0 0 4 7 ,0 8 1 1 1 7 ,8 0 0 069 $ 1 0 0 ,0 0 0 2 ,7 4 7 4 2 ,1 0 6 1 4 2 ,3 0 1 412 $ 1 0 0 ,0 0 0 708 1 3 ,5 7 8 1 1 5 ,5 5 9 211 T o t a l ....................... ................... ....................... $ 2 0 7 ,7 1 0 $ 2 8 7 ,5 0 0 $ 2 3 0 ,0 5 0 L i a b i l i t ie s — N o t e .— R a te o f Interest p a id on riej[ v .'s t t s . 2 % c u r r e n t , 3 K % s a v i n g s a n d 4 % tim e. a B e g a n b u s in e s s O c t . 1 1900. L i a b i l i t ie s — . S u r p l u s f u n d ( m a r k e t v a l u e ) ____ . D e p o s i t s s u b j e c t t o c h e c k _______________ C e r t f s . o f d e p o s i t ( n o t p r e f . ) , d e m a n dl D u e b a n k s a n d b a n k e r s __________________ D u e s a v i n g s b a n k s __________ _________ ____ D u e s a v in g s a n d lo a n a s s o c i a t i o n s . . . D u e as e x e c u t o r , a d m in is t r a t o r , & e . . O t h e r l i a b i l i t i e s _____________________________ . S u p p lem e n ta r y — T o t a l a m o u n t o f In terest a n d c o m m ls s l o i j s r e c e i v e d d u r i n g y e a r ____ I n t . c r e d i t e d d e p o s i t o r s , s a m e p e r l o d .. E x p e n s e s o f I n s t i t u t i o n , s a m e p e r i o d .. A m t . o f d l v s . d e c la r e d , s a m e p e r io d . A m t . o f d e p . o n w h i c h I n t . Is a l l o w e d . J a n . 1 ’0 8. $ 2 0 0 ,0 0 0 2 0 5 ,7 0 2 2 ,3 5 0 ,4 1 8 2 7 ,3 2 4 543 1 5 0 ,0 0 0 7 ,8 9 1 5 ,1 9 4 2 8 ,4 1 8 J a n . 1 ’0 7. $ 2 0 0 ,0 0 0 1 9 4 ,0 7 2 2 ,7 0 4 ,8 2 4 4 2 ,8 0 1 3 0 ,3 2 3 1 5 0 ,0 0 0 1 8 ,1 2 4 1 1 ,4 0 0 4 2 ,9 5 7 J a n . 1 ’0 0 . $ 2 0 0 ,0 0 0 1 8 0 ,0 3 9 2 ,3 1 5 ,7 0 0 8 0 ,0 9 1 $ 2 ,9 7 5 ,4 9 0 $ 3 ,4 5 5 ,1 6 4 $ 2 ,9 9 1 ,0 7 5 $ 1 0 1 ,1 1 4 0 5 ,3 8 9 5 2 ,3 3 7 1 0 ,0 0 0 2 ,5 4 1 ,3 7 2 $ 1 0 7 ,2 1 2 0 8 ,5 9 9 4 3 ,8 0 2 1 4 ,0 0 0 2 ,9 5 0 ,4 0 0 $ 1 1 7 ,2 5 2 4 2 ,1 2 1 3 6 ,2 8 9 1 2 ,0 0 0 2 ,5 7 3 .8 1 3 1a. 1) ,3 0 7 9 2 2 ,9 8 8 • J a n . 1 '0 7 . $ 3 4 4 ,5 3 0 J a n . 1 '0 0 . $ 3 8 0 ,9 3 0 2 2 4 ,3 7 8 2 4 1 ,4 1 2 1 ,8 8 3 , 7 6 8 3 1 9 ,6 8 5 1 ,4 7 1 , 6 3 0 2 5 5 ,4 0 7 0 9 ,0 0 0 7 0 ,5 1 9 J a n . 1 ’0 8 . • R esou rces— $ 7 9 3 ,8 2 5 B o n d s a n d m o r t g a g e s ............... ....................... S to ck a n d b o n d In v e stm e n ts: 0 0 9 ,4 0 0 ) P u b l i c s e c u r i t i e s ( m a r k e t v a l u e ) ___ 5 ,.4 1 9 ,. 9 8 0 / O t h e r s e c u r i t i e s ( m a r k e t v a l u e ) ___ L o a n e d o n c o l l a t e r a l ___________________ _ 1 ,,9 9 5 0 ,0 5 6 0 . 9 5 9 ,4 2 8 O t h e r lo a n s a n d b ills p u r c h a s e d . O v e t d r a f t s ________ ___________________ 217 5 3 0 ,7 4 1 R e a l e s t a t e . _________________________________ 9 0 4 ,3 9 5 D u e f r o m a p p r o v e d r e s ’ v e d e p o s i t o r i e si S p e c i e _______ ____________ ____________________ 2 S 9 .9 0 0 L e g a l t e n d e r n o t e s a n d b i l l s o f 11a 1 1 0 ,2 7 0 t l o n a l b a n k s _______________ ____________ _ . O t h e r a s s e t s . . ........................... ........................... 1 4 2 ,0 8 1 1 5 0 ,0 0 0 2 2 ,4 9 0 4 ,9 3 2 3 0 ,0 2 4 J a n . 1 ’0 7 . $ 9 0 4 ,7 4 0 J an . 1 ’0 6 . $ 5 0 0 ,4 7 5 8 ,7 2 5 ,1 1 1 0 ,5 1 0 ,0 9 4 3 ,3 0 1 ,2 8 8 2 ,9 3 1 ,9 8 3 3 ,0 6 4 4 8 0 ,5 3 8 1 ,1 8 8 , 3 7 8 4 8 1 ,8 2 4 3 ,0 0 7 ,0 5 0 2 ,0 8 2 ,2 8 9 277 4 8 4 ,5 2 4 1 ,0 8 1 ,8 4 9 1 0 8 ,3 6 0 2 3 1 ,1 2 7 1 4 4 ,7 1 9 0 0 ,4 8 9 8 2 ,2 6 9 $ 1 1 ,7 2 1 ,8 9 3 $ 1 8 ,3 9 8 ,7 7 3 $ 1 5 ,1 7 8 ,2 9 0 $ 1 ,5 0 0 ,0 0 0 1 , 8 3 9 ,7 9 5 0 ,1 0 0 3 2 5 7 5 4 ,2 3 3 1 9 ,4 7 8 1 4 ,8 4 0 5 0 1 ,3 2 8 $ 1 ,5 0 0 ,0 0 0 3 ,0 0 2 ,0 9 2 1 1 , 2 0 1 ,9 4 1 1 ,0 8 7 , 9 9 7 5 2 ,0 4 3 1 2 7 ,7 5 3 3 0 ,0 0 4 0 1 2 ,5 2 0 1 2 4 ,6 0 7 8 0 3 ,0 0 3 3 3 5 ,7 4 0 3 8 8 ,0 7 7 $ 1 ,0 0 0 ,0 0 0 2 ,0 0 4 ,8 7 3 8 ,8 5 5 ,6 0 0 1 ,9 9 5 , 9 7 2 1 7 ,3 7 7 2 4 3 ,3 4 0 4 5 2 9 ,3 4 0 1 ,1 4 8 3 0 0 ,5 9 7 1 7 0 ,0 3 4 T o t a l ............ ...................................................... $ 1 1 ,7 2 1 ,8 9 3 S u p p lem e n ta r y — T o t a l a m o u n t o f In terest a n d c o m m is $ 7 0 3 ,8 3 1 s i o n s r e c e i v e d d u r i n g y e a r __________ _ 3 2 0 ,7 0 9 I n t . c r e d it e d d e p o s it o r s , s a m e p e r io d 1 5 4 ,0 0 7 E x p e n s e s o f In s titu tio n , s a m e p e r io d . 2 1 0 ,0 0 0 A m t . o f d lv s . d e c la r e d , s a m e p e r io d .. 7 ,0 0 1 ,4 7 3 A m t . o f d e p . o n w h i c h I n t . Is a l l o w e d . $ 1 8 ,3 9 8 ,7 7 3 $ 1 5 ,1 7 8 ,2 9 0 $ 7 7 2 -, 3 0 8 3 7 0 ,8 0 2 1 3 9 ,9 4 9 1 7 5 ,0 0 1 ) 1 3 ,5 0 4 ,9 4 0 $ 5 0 9 ,7 2 4 2 7 3 ,4 7 8 1 1 0 ,7 1 2 1 2 0 ,0 0 0 ■ 1 1 ,5 9 7 ,8 2 9 T o t a l .................... L i a b i l i t ie s — S u r p l u s f u n d ( m a r k e t v a l u e ) . ............ D e p o s i t s s u b j e c t t o c h e c k ............ ........ C e r tfs . o f d e p o s it (n o t p r e f .) , t im e . C e r tfs . o f d e p o s it (n o t p r e f . ) , d e m a n d D u e t r u s t c o m p a n i e s _______ ______________ D u e b a n k s a n d b a n k e r s __________________ D u e s a v i n g s b a n k s ________________________ D u e s a v i n g s a n d l o a n a s s o c i a t i o n s ___ D u e a s e x e c u t o r , a d m in is t r a t o r , & e . . O t h e r l i a b i l i t i e s _____________________________ Resources — Hamilton Trust Co. (Brooklyn). J a n . 1 ’0 8 . J a n . 1 ’0 7 . B o n d s a n d m o r t g a g e s _____________________ . S to ck an d b en d In v estm en ts: P u b l i c s e c u r i t i e s ( m a r k e t v a l u e ) ____. O t h e r s e c u r itie s (m a r k e t v a lu e ) L o a n e d o n c o l l a t e r a l _______________________ O t h e r l o a n s a n il b i l l s p u r c h a s e d ............ O v e r d r a f t s ________ ___________________________ R e a l e s t a t e ___ ________________________________ D u e f r o m a p p r o v e d r c s ’ v e d e p o s i t o r i e si D u e f r o m t r u s t c o ’s , b a n k s , b a n k e r s a n d b r o k e r s _______________________________ S p e c i e ---------------------------------------- -----------------L e " a l t e n d e r n o t e s a n d b ills o f n a t i o n a l b a n k s __________ ___________ _________ C a s h I t e m s ____________________________________ O th e r a s s e t s .. . . L i a b i l i t ie s — C a p i t a l s t o c k . ............... ........ ............................... S u r p l u s f u n d ( m a r k e t v a l u e ) ____________ D e p o s i t s s u b j e c t t o c h e c k _______. . . . C e r tfs . o f d e p o s it (n o t p r e f . ) , t l m e . . C e r tfs . o f d e p o s it (n o t p r e f .) , d e m a n d D u e b a n k s a n d b a n k e r s __________________ D u e s a v i n g s b a n k s _____ _________ _________ D u e s a v in g s a n d lo a n a s s o c ia t io n s . - D u e as e x e c u t o r i a d m in is t r a t o r , fc c D e p o s lts p r e fe r r e d b e c a u s e s e c u r e d b y p le d g e o f p a rt o f tru s t c o . a s s e ts . O t h e r l i a b i l i t i e s ............... .. ......................... - 2 4 3 ,1 3 4 7 1 ,3 0 0 $ 2 2 8 ,0 8 8 $ 5 0 ,0 0 0 2 0 0 ,2 8 9 4 ,2 1 3 Co. (Brooklyn). Citizens’ Trust Co. (Brooklyn). - ^Jan. 1 ’08. $ 3 2 0 ,5 0 2 $ 5 0 ,0 0 0 2 1 1 ,9 4 7 1 ,6 2 1 Brooklyn)- -Concluded. J an . 1 ’0 0 . $ 3 0 0 ,0 0 0 T o t a l ------------------$ 1 4 ,8 4 0 ,7 9 0 $ 2 0 ,0 6 2 ,4 7 5 S u p p lem e n ta r y — T o t a l a m o u n t o f In terest a n d c o m m is s i o n s r e c e i v e d d u r i n g y e a r ..................... $ 9 5 0 ,7 9 2 $982 947 I n t. c r e d ite d d e p o s ito r s , sa m e p e r io d . 5 1 3 ,0 7 5 480 815 E x p e n s e s o f In s titu tio n , sa m e p e r io d . 1 3 7 ,8 0 7 m 824 A m t. o f d lv s . d e c la r e d , sa m e p e r io d .. 2 0 0 ,0 0 0 170 co o A m t . o f d e p . o n w h i c h I n t . 13 a l l o w e d . 1 1 , 1 0 7 , 4 1 0 1 6 ,8 4 9 ’9 05 Pr Resources — $ 2 6 3 ,5 0 8 C O M P A N IE S . J a n . 1 ’0 7 . $ 9 2 0 ,9 7 0 9 ,2 1 2 838 NOV. 12 ’ 0 0 $ 1 9 5 ,9 4 8 5 ,0 8 4 6 ,3 4 5 2 1 ,3 1 1 1900. Brooklyn Trust Co. (Brooklyn). R esou rces— H Jan. 1 ’0 8 . B o n d s a n d m o r t g a g e s — .............................. $ 9 9 8 ,0 7 0 S to ck a n d b o n d In v estm en ts: 2 2 8 , 8201 P u b lic s e c u r itie s (m a r k e t v a lu e ) — 4 ,.8 5 8 ,,2 7 5 j O t h e r s e c u r it ie s (m a r k e t v a lu e ) — L o a n e d o n c o l l a t e r a l -----------------------------------5 ,8 2 0 ,9 0 4 8593,005 O t h e r l o a n s a n d b i l l s p u r c h a s e d -------252 O v e r d r a f t s _______________________ ____________ 1 3 5 11 4 6 R e a l e s t a t e ____________________________________ 1,111, 010 D u e fr o m a p p r o v e d r e s ’v e d e p o s ito r ie s 303, 733 S p e c i e _____________ ________— ................. — L e g a l t e n d e r n o t e s a n d b ills o f n a 202 t i o n a l b a n k s . __________________ 2 0 2 ,3 2 1 0,3 4 3 C a s h I t e m s . . .................... 6 O t h e r a s s e t s ___________________________ 5 2 7 ,2 0 1 J un e 29 ’07. $ 2 5 0 ,0 8 4 5 ,0 8 4 0 ,3 4 5 5 8 ,3 8 9 2 3 3 ,7 8 0 J 2 8 4 ,3 1 4 $ 5 5 0 ,2 0 0 $ 5 8 0 ,1 5 0 J a n . 1 ’0 6 . $ 6 4 0 ,2 2 5 2 0 4 ,8 2 0 ) 1 .8 0 4 ,5 2 5 J 3 ,8 8 4 ,2 9 2 2 7 8 ,3 0 2 35 9 ,0 1 7 5 0 1 ,1 1 0 2 ,5 1 2 ,9 5 3 2 ,0 0 0 ,5 5 8 4 ,2 8 8 ,9 5 9 3 5 8 ,7 0 2 153 9 ,0 1 7 4 0 8 ,1 8 9 1 4 ,1 0 9 ,0 5 8 4 4 9 ,7 8 0 124 2 0 ,4 0 7 3 8 , 1 77 5 0 3 ,0 5 0 5 9 ,8 4 0 1 5 ,5 8 4 1 6 4 ,4 7 4 9 3 ,9 2 0 4 2 ,8 0 0 5 2 ,9 0 8 3 9 .5 7 0 5 5 ,4 5 9 $ 2 ,9 7 5 ,4 9 0 $ 3 ,4 5 5 ,1 0 4 $ 2 ,9 9 1 ,0 7 5 T o t a l a m o u n t o f In te re st a n d c o m m is s i o n s r e c e i v e d d u r i n g t h e y e a r . ______ In t. cr e d ite d d e p o s it o r s , s a m e p e r io d . E x p e n s e s o f I n s t it u t io n , s a m e p e r io d A m t . o f d l v s . d e c l a r e d , s a m e p e r io d . A m t . o f d e p . o n w h i c h h i t . Is a l l o w e d . 7 3 4 ,8 2 2 6 2 0 ,5 3 8 2 1 ,8 9 5 1 2 ,0 9 1 1 3 ,2 6 0 ............... 8 9 ,5 8 3 $ 0 ,8 4 9 ,5 5 8 $ 8 ,9 0 3 ,5 6 0 $ 8 ,6 9 0 ,3 3 6 $ 5 0 0 ,0 0 0 8 2 0 ,2 1 7 3 ,7 8 9 ,3 8 0 5 5 3 ,9 8 8 2 0 9 ,0 0 4 1 4 0 ,7 8 2 5 2 8 ,6 3 1 2 5 ,0 0 0 1 4 3 ,4 4 4 $ 5 0 0 ,0 0 0 1 ,1 1 3 ,4 0 2 5 ,1 1 9 ,4 2 3 7 9 7 ,2 7 1 3 0 0 ,7 7 0 5 5 ,0 8 8 7 9 8 ,0 8 7 3 4 ,0 8 3 8 0 ,8 7 0 * 5 0 0 ,0 0 0 1 ,1 0 1 , 2 3 4 5 ,0 1 8 ,5 1 4 9 2 5 ,2 2 5 09 > 0 2 2 7 3 ,0 0 8 0 4 7 ,1 9 1 7 2 ,7 4 4 5 6 .0 0 3 1 0 0 ,0 0 0 2 9 ,3 5 2 1 0 0 ,0 0 0 5 7 ,3 0 7 3 2 ,5 5 5 $ 0 ,3 4 9 ,5 5 8 $ 8 ,9 6 3 ,5 0 0 $ 8 ,0 9 0 ,3 3 0 $ 3 7 0 ,8 0 0 2 0 7 ,5 0 8 7 3 ,0 0 3 5 0 ,0 0 0 5 ,2 8 1 ,7 0 3 $ 4 0 0 ,0 8 7 1 9 3 ,2 0 7 71 ,8 2 7 5 0 ,0 0 0 7 .1 5 3 ,8 7 0 $ 3 0 9 ,9 0 8 1 9 0 ,0 0 9 0 7 ,9 0 5 5 0 ,0 0 0 0 ,9 0 1 ,9 1 1 Supplementary 2 3 3 ,0 1 4 ------------- 1 7 0 4 ,5 5 2 Long Island Loan & Trust Co. (Brooklyn)— Con. Home Trust Co. (Brooklyn). 1 ’ 0 7 . J a n . l ’ O r,. 1 ’ O f- J a n ' 5 7 9 0 ,5 7 1 $ 3 8 5 ,0 8 0 $ 8 2 9 ,u a o R esou rces— ^ B o n d s a n d m o r t g a g e s ...................................... S to c k a n d b o n d In v e stm e n ts: P u b l i c s e c u r i t i e s - ----------- -----------------------O t h e r s e c u r i t i e s ----------------------------------------L o a n e d o n c o l l a t e r a l -----------------------------------O t h e r l o a n s ----------------------------------------------------B i l l s p u r c h a s e d ----------- ---------------------------------O v e r d r a f t s ------------------------------------------ - - - D u e fr o m a p p r o v e d re s’ v c d e p o s ito r ie s D u e fr o m tru st c o ’s, b a n k s, b a n k e rs a n d b r o k e r s -----------------------------------------------S p e c i e _________________________________________ L e g a l t e n d e r n o t e s a n d b ills o f n a t i o n a l b a n k s -----------------------------------------------C a s h I t e m s ------------- -----------------------------------------O t h e r a s s e t s ----------------------------------------------------- 4 4 0 ,1 7 0 1 3 0 9 ,3 1 0 / 5 7 7 ,4 2 5 _______ 1 4 2 7 ,7 3 5 / 45 2 3 9 ,2 5 0 ' T o t a l _________________________________________ 9 3 6 ,3 8 5 8 4 5 ,5 7 1 1 ,0 4 6 ,6 6 8 7 5 5 ,7 6 9 3 5 8 ,1 0 0 3 4 3 .8 4 7 10 3 3 0 ,7 0 2 1 > 5 0 9 ,9 2 1 7 3 ,0 1 4 9 1 ,2 6 0 J 1 9 ,7 1 3 1 ,1 0 4 3 1 ,1 6 0 9 8 ,8 5 0 8 9 ,9 2 6 52,024 3 4 ,8 3 1 $ 3 ,0 7 7 ,1 2 1 $ 3 ,5 2 3 ,2 8 3 $ 3 ,1 2 2 ,3 8 1 L ia b ilitie s— C a p i t a l s t o c k _________________________________ S u r p l u s f u n d ( m a r k e t v a l u e ) ------------------D e p o s i t s s u b j e c t t o c h e c k _______________ C e r tfs . o f d e p o s it (n o t p r e f . ) , t i m e . . C e r t l 's . o f d e p o s i t ( n o t p r e f . ) , d e m a n d D u e t r u s t c o m p a n i e s _____________________ D u e b a n k s a n d b a n k e r s ________ _________ D u e s a v i n g s b a n k s -------------------------------------D u e s a v in g s a n d lo a n a s s o c ia t io n s — D u e a s e x e c u t o r , a d m i n i s t r a t o r , & C -. O t h e r l i a b i l i t i e s ---------------------------------------------- Jan. 1 ’07. $ 1 ,0 0 0 ,0 0 0 1 ,8 2 0 ,2 5 9 5 ,1 8 6 ,2 9 4 9 0 7 ,5 9 9 1 ,3 6 8 ,7 1 2 2 2 0 ,6 7 8 3 7 ,2 9 9 5 0 5 ,3 6 4 4 2 9 ,7 1 7 2 2 0 ,2 3 6 1 1 9 ,8 0 6 $ 9 ,2 6 0 ,6 1 8 $ 1 1 ,6 9 6 ,1 5 7 $ 1 1 ,1 8 6 ,0 9 0 $ 5 7 5 ,8 7 5 2 4 2 ,4 2 8 8 0 ,7 8 4 1 2 0 ,0 0 0 6 ,1 5 2 ,8 7 3 $ 5 5 7 ,9 6 4 2 1 7 ,3 7 8 7 4 ,7 9 3 1 0 5 ,0 0 0 8 ,6 5 5 ,6 6 2 $ 4 5 3 ,2 9 1 2 0 6 ,9 8 3 7 0 ,9 3 9 1 0 0 ,0 0 0 8 ,2 1 1 ,3 8 1 1 8 ,5 8 5 339,211 445,362 T o t a l _________________________________________ $ 3 ,0 7 7 ,1 2 1 $ 3 ,5 2 3 ,2 8 3 $ 3 ,1 2 2 ,3 8 1 S u p p lem e n ta r y — T o t a l a m o u n t o f In terest a n d c o m m is s io n s r e c e iv e d d u r in g t h e y e a r . I n t . c r e d ite d d e p o s ito r s , sa m e p e r io d E x p e n s e s o f In s titu tio n , sa m e p e r io d . A m t . o f d lv s . d e c la r e d , s a m e p e r io d A m t . o f d e p . o n w h i c h l i l t . Is a l l o w e d - $ 2 0 7 ,lo u ZV’ i ? T J i.iii 1 0 ,0 0 0 1 ,4 ^ 0 , 3 6 7 $ 1 7 8 ,3 2 9 6 0 ,2 6 0 6 4 ,9 0 3 $ 8 6 ,5 0 0 3 1 ,2 0 8 3 7 ,7 4 2 2 ,5 2 7 ,0 1 5 2 ,2 0 0 ,0 0 0 $ 7 2 6 ,5 6 0 2 6 6 ,8 2 7 1 ,1 5 6 , 5 1 1 7 ,0 0 0 5 8 ,4 2 4 7 4 9 ,2 3 2 2 5 ,5 1 4 2 ,4 8 0 S u p p lem e n ta r y — , T o t a l a m o u n t o f In terest a n d c o m m is s io n s r e c e iv e d d u r in g th e y e a r . . I n t. cr e d ite d d e p o s ito r s , sa m e p e r lo d . E x p e n s e s o f In stitu tio n , sa m e p e r io d . A m t . o f d lv s . d e c la r e d , s a m e p e r io d . A m t . o f d e p . o n w h i c h l n t . Is a l l o w e d . Nassau Trust Co. (Brooklyn). Kings County Trust Co. (Brooklyn). ’08. Jan. 1 ’07. $ 1 ,1 0 7 ,3 5 0 $ 9 1 7 ,lo O Jan. Public securities------------------------------- y ■ ;° 0 ,jL 7 l,0 /2 ,o lo 2 1 0 ,0 0 0 1 ,1 4 1 ,3 4 0 •'■‘* 0 0 5 4 5 ,1 6 8 t l o n a l b a n k s -----------------------------------------------C a s h I t e m s ------------------------------------------------------O t h e r a s s e t s ----------------------------------------------------T ota l _______________ 2 1 i'r fa n 1 2 0 ,0 /2 Jan . 1 ’ 06 $ 1 ,1 3 8 ,7 8 3 1 ,3 8 2 ,5 9 7 7 5 9 ,1 7 1 9 ,3 4 5 ,0 8 9 1 ,0 5 7 , 7 5 4 8 ,5 9 7 ,5 2 0 1 ,1 9 0 ,8 3 8 210,000 1,123,2731 210,000 / 9 4 3 ,9 6 8 5 3 0 ,3 0 4 4 6 ,7 6 5 5 2 ,5 2 4 1 4 9 ,4 6 3 $ 1 2 ,4 8 8 ,5 8 3 C a p l t a f s t o c k l ______________________ S u r p l u s f u n d ( m a r k e t v a l u e ) -----------------D e p o s i t s s u b j e c t t o c h e c k ----------------------C e r tfs . o f d e p o s it (n o t p r e f . ) , t i m e . . . C e r tfs . o f d e p o s it (n o t p r e f . ) , d e m a n d $ 5 0 0 ,0 0 0 1 ,7 0 0 ,5 1 6 7 ,4 3 0 ,9 0 8 1 1 8 ,3 8 5 1 6 2 ,9 5 3 D u e trust co m p a n ie s ----------------------------D D D D O 1 5m ? ! O t h e r s e c u r i t i e s ---------------------------------------L o a n e d o n c o l l a t e r a l - - - - - - - -----------------O t h e r l o a n s , b i l l s p u r c h a s e d -----------------R e a l e s t a t e ___________ D u e fr o m a p p r o v e d re s ’ v c d e p o s it o r ie s D u e fr o m tru s t c o ’s , b a n k s , b a n k e rs a n d b r o k e r s ------------------S p e c i e ________________________________________ L e g a l t e n d e r n o t e s a n d b ills o f n a - 23,023 u e b a n k s a n d b a n k e r s _____________ u e s a v i n g s b a n k s ________________________ u e s a v i n g s a n d l o a n a s s o c i a t i o n s ___ u e a s e x e c u t o r , a d m in is t r a t o r , & c _ . t h e r l i a b i l i t i e s _____________________________ 5 2 ,8 7 1 1 ,7 3 1 ,6 7 0 56 3 0 0 ,S17 1 6 7 ,3 8 4 T o t a l _________________________________________ $ 7 2 ^ 4 8 8 ^ 5 8 3 S u p p lem e n ta r y — ; > T o t a l a m o u n t o f In terest a n d c o m m is s io n s r e c e iv e d d u r in g t h e y e a r _ . In t. c r e d ite d d e p o s ito r s , sa m e p e r lo d . E x p e n s e s o f In s titu tio n , sa m e p e r io d . A m t . o f d lv s . d e c la r e d , sa m e p e r lo d . A m t . o f d e p . o n w h i c h l n t . Is a l l o w c d . $ 7 5 8 ,7 4 8 4 7 8 ,1 2 5 9 7 ,5 3 3 6 0 ,0 0 0 0 .8 6 4 ,9 2 6 R es o u rc e i- S to c k a n d b o n d In v estm en ts: P u b l i c s e c u r i t i e s -------------------------------------O t h e r s e c u r i t i e s ----------------------------------------L o a n e d o n c o l l a t e r a l ------------------------------------. Other loans------------------------------ B i l l s p u r c h a s e d ----------------------------------------------. O v e r d r a f t s ----------------------------------------------------R e a l e s t a t e ............ ................. .. .................,— - D u e f r o m a p p r o v e d r e s ’ v e d e p o s i t o r i e s* D u e f r o m t r u s t c o ’ s , b a n k s , b a n k e r s\ a n d b r o k e r s -----------------------------------------------S p e c i e ----------------------- --------- ----------------------------L e g a l t e n d e r n o t e s a n d b ills o f n a , t i o n a l b a n k s ----------------------------------C a s h I t e m s ------------------------------------------O t h e r a s s e t s -----------------------------------------------------. 5 4 4 ,2 5 0 1 2 ,2 8 7 ,7 3 0 / 4 ,0 4 3 ,3 1 5 3 2 6 ,4 7 0 1 ................/ 31 3 ,0 0 0 6 9 7 , IC O J a n . 1 '0 8 . J a n . 1 ’ 0 7 . J a n . 1 ’ 0 6 . R esou rces— $ 6 4 5 ,7 5 0 $ 7 3 4 ,4 3 3 $ 4 8 2 ,7 5 0 B o n d s a n d m o r t g a g e s --------------------------------S to c k a n d b o n d In v estm en ts: 2 4 2 ,5 0 0 1 P u b l i c s e c u r i t i e s ________________________ 8 3 5 ,0 3 5 / 1 ,3 8 9 ,7 1 8 1 ,5 6 0 ,4 3 8 O t h e r s e c u r i t i e s __________________________ 3 ,6 0 1 ,5 0 0 1 ,9 6 2 ,2 2 8 3 ,9 4 9 ,4 9 6 L o a n e d o n c o l l a t e r a l _______________________ •) O t h e r l o a n s __________________________________ 1 ,8 0 6 ,1 7 3 1 ,7 0 6 ,9 2 2 1 ,0 5 5 ,6 2 0 / B i l l s p u r c h a s e d _____________________________ 1 7 0 ,3 9 5 2 1 1 ,0 0 0 1 6 7 ,7 7 8 R e a l e s t a t e _____________________ _______ ______ 1 ,0 5 6 , 7 8 6 1 >*»; 6 9 0 ,4 5 2 D u e fr o m a p p r o v e d r e s ’ v e d e p o s ito r ie s 9 5 9 ,4 0 0 D u e fr o m tru st c o ’s , b a n k s, b a n k e rs 1 5 4 , 3 2 3 / 5 4 , 3 4 2 a n d b r o k e r s _______________________________ 7 3 1 ,7 3 3 7 8 9 ,7 8 8 5 2 8 ,5 4 2 S p e c i e ................................. - .............. ....................... L e g a l t e n d e r n o t e s a n d b ills o f n a 1 1 1 ,9 1 0 1 0 8 ,6 4 5 1 3 6 , 7 7 0 t i o n a l b a n k s _______________________________ 1 ,3 0 6 1 ,8 5 4 2 1 ,9 2 0 C a s h I t e m s -------------------------------------------------------3 4 ,1 7 0 8 9 ,8 9 3 7 4 ,0 0 8 O t h e r a s s e t s _______ ___________________________ T o t a l _____________ ________- ............................... L i a b i l i t ie s — $ 9 ,7 0 4 ,3 1 2 i5 1 0 , 0 6 8 , 0 9 7 $ 5 0 0 ,0 0 0 3 5 9 ,6 2 5 4 ,0 4 7 ,9 3 7 4 6 9 ,7 5 0 2 ,5 0 0 5 4 ,3 7 3 5 6 3 ,1 5 0 4 4 ,7 5 1 1 4 7 ,1 5 1 1 0 5 ,9 3 6 $ 5 0 0 ,0 0 0 5 3 3 ,8 6 5 6 ,2 5 7 ,2 7 8 5 5 5 ,5 5 7 2 ,6 4 4 1 1 5 ,6 1 8 5 3 ,8 1 8 1 ,2 1 8 ,3 0 3 3 9 ,4 1 5 2 0 5 ,6 1 0 2 2 2 ,2 0 3 $ 5 0 0 ,0 0 0 6 1 6 ,3 6 7 6 ,6 4 8 ,2 0 3 7 0 5 ,7 6 7 2 ,6 4 4 1 6 1 ,8 2 0 5 2 ,9 9 5 1 ,2 0 0 ,2 5 2 3 6 ,2 9 0 6 2 ,2 5 0 8 1 ,5 0 7 $ 0 ,2 9 5 ,1 7 3 $ 9 ,7 0 4 ,3 1 2 $ 1 0 ,0 6 8 ,0 9 7 $ 3 8 8 ,0 2 9 1 7 6 ,7 7 3 8 8 ,0 9 1 4 0 ,0 0 0 5 ,3 2 9 ,6 1 4 $ 4 4 2 ,5 2 6 2 3 7 ,9 6 4 6 8 ,5 4 2 5 0 ,0 0 0 8 ,4 4 8 ,2 4 3 $ 4 0 1 ,8 4 1 2 2 0 ,3 6 4 6 3 ,7 1 4 4 0 ,0 0 0 8 ,8 7 0 ,2 2 3 S u r p l u s f u n d ( m a r k e t v a l u e ) ------------------D e p o s i t s s u b j e c t t o c h e c k -----------------------C e r tf3 . o f d e p o s it (n o t p r e f . ) , t l m e . . . C e r tfs . o f d e p o s it (n o t p r e f . ) , d e m a n d D u e t r u s t c o m p a n i e s -----------------------------------D u e b a n k s a n d b a n k e r s ---------------------------D u e s a v i n g s b a n k s ------------- ------------------------D u e s a v i n g s a n d l o a n a s s o c i a t i o n s -------D u e a s e x e c u t o r , a d m in is t r a t o r , & c _ . O t h e r l i a b i l i t i e s _____________________________ T o t a l _____________________________ ___________ S u p p lem e n ta r y— T o t a l a m o u n t o f In te re st a n d c o m 3 5 ,0 0 0 m is s io n s r e c e iv e d d u r in g t h e y e a r . . 3 ,5 7 9 I n t . cr e d ite d d e p o s ito r s , sa m e p e r io d . 1 4 0 ,8 8 2 E x p e n s e s o f In s titu tio n , sa m e p e r io d . A m t . o f d lv s . d e c la r e d , sa m e p c r l o d . $ 1 5 , 0 0 5 , 1 1 8 $ 1 3A, 1m. 3t5. , 0o 6f 9d e p . o n w h i c h l n t . Is a l l o w e d . Co. (Brooklyn). $ 5 0 0 ,0 0 0 1 ,6 1 0 ,1 2 5 9 ,1 8 3 ,2 7 6 3 4 5 ,7 2 2 2 5 9 ,8 2 7 R esou rces— ■J a n . 1 ’ 0 8 . J a n . 1 ’ 0 7 . ,J a n . 1 ’ 0 6 . $ 8 5 7 ,2 4 6 $ 1 ,3 2 7 ,2 4 3 B o n d s a n d m o r t g a g e s --------------------------------- $ 1 , 2 3 9 , 1 8 0 S to ck a n d b o n d In v estm en ts: 4 5 8 ,6 0 0 1 P u b l i c s e o u r l t l e s ________________________ 4 ,6 1 9 ,3 4 5 5 ,9 5 3 ,9 1 7 3 ,4 6 1 ,9 6 2 J O t h e r s e c u r i t i e s ----------------------------------------7 ,0 5 5 ,4 4 8 7 ,4 8 6 ,3 2 1 4 ,6 2 1 ,8 1 1 203,130 8 5 ,7 1 6 1 ,9 6 0 ,8 2 0 195 4 9 0 ,0 o 3 3 6 6 ,2 4 9 O t h e r l o a n s ----------------------------------------------------B i l l s p u r c h a s e d ---------------------------------------------R e a l e s t a t e -------------------------------------------,— D u e f r o m a p p r o v e d r e s ’ v e d e p o s i t o r i e si D u e fr o m tru s t c o ’s , b a n k s , b a n k ers a n d b r o k e r s ..................... .................................. $ 7 5 ,0 0 5 ,1 1 8 $ 1 3 ,1 3 5 ,3 2 3 S p e c i e _________________________________________ L e g a l t e n d e r n o t e s a n d b ills o f n a t i o n a l b a n k s -----------------------------------------------$ 5 5 4 ,9 0 4 $ 7 4 0 ,6 8 0 C a s h I t e m s ____________________________________ 2 8 7 ,1 5 2 3 1 3 ,7 7 1 I n v e s t m e n t s h e ld a s e x e c u t o r , a d 8 1 , 1 1 5 9 2 ,1 2 2 m i n i s t r a t o r , g u a r d i a n , & c ------------------ . 6 0 ,0 0 0 6 0 ,0 0 0 O t h e r a s s e t s __________________________________ . 1 0 ,6 8 8 ,5 3 3 1 2 ,3 4 4 ,1 1 5 J a n . 1 '0 7 . J a n . 1 ’ 0 0 . $ 7 8 8 ,6 2 5 $ 7 7 3 ,5 0 0 2 ,9 2 0 ,6 7 0 6 ,3 1 0 ,3 2 2 3 ,1 4 4 ,9 9 0 5 ,8 4 9 ,1 0 5 4 5 4 ,8 9 0 447 3 ,0 0 0 2 1 3 ,4 9 4 4 3 0 ,5 2 0 218 3 ,0 0 0 6 7 4 ,2 8 2 ] • ) 3 ,2 2 1 / 3 2 3 ,1 7 1 1 3 0 ,1 8 2 881 2 1 2 ,1 0 5 1 2 6 ,2 8 0 273 1 3 0 ,7 0 0 1 4 ,4 2 0 7 ,9 6 1 9 2 ,0 2 0 $ 9 ,2 6 0 ,6 1 8 $ 1 1 ,6 9 6 ,1 5 7 $ 1 1 ,1 8 6 ,0 0 0 N E W 3 ,1 3 2 ,4 8 7 4 7 8 ,4 3 2 1 ,0 5 4 ,3 5 5 ] 5 1 8 ,0 6 7 1 ,2 8 7 ,9 4 4 2 ,5 8 7 ,9 6 6 4 0 8 ,5 7 9 1 ,1 4 5 ,3 3 5 7 ,4 1 6 J 3 1 ,2 0 5 6 ,1 2 7 7 0 0 ,2 4 0 1 8 1 ,5 7 5 5 1 9 ,5 0 0 1 0 4 ,9 6 2 6 5 4 ,0 0 0 2 6 2 ,7 7 3 4 0 ,5 0 0 2 4 2 ,7 8 9 4 0 ,5 0 0 893 1 ,2 0 3 $ 1 6 ,0 1 9 ,5 4 5 $ 1 8 ,6 6 4 ,0 9 6 $ 1 9 ,2 9 0 ,7 4 8 L i a b i l i t ie s — . $ 1 ,0 0 0 ,0 0 0 1 ,1 2 2 ,1 1 6 S u r p l u s f u n d ( m a r k e t v a l u e ) ...................... D e p o s i t s s u b j e c t t o c h e c k ----------------------- 1 1 , 4 2 0 , 9 8 2 4 8 5 ,5 6 5 C e r tfs . o f d e p o s it (n o t p r e f . ) , t im e — . 9 4 ,2 3 1 C e r t f s . o f d e p o s i t ( n o t p r e f . ) , d e m a n d1 D u e t r u s t c o m p a n i e s ----------------------. 1 1 ,2 2 4 D u e b a n k s a n d b a n k e r s ---------------. 8 7 5 ,8 8 5 D u e s a v i n g s b a n k s -------------------------3 8 ,1 9 3 D u e s a v in g s a n d lo a n a s s o c ia t io n s — . . 7 2 5 ,3 7 8 . 4 0 ,5 0 0 P r e fe r r e d lia b ilit ie s . 2 0 5 ,4 7 1 O t h e r l i a b i l i t i e s _____ $ 1 ,0 0 0 ,0 0 0 1 ,6 2 6 ,7 7 4 1 3 ,2 7 3 ,6 9 0 6 5 1 ,4 0 6 2 1 6 ,5 2 9 2 0 5 ,1 8 6 5 ,7 9 2 7 7 9 ,8 1 3 1 0 ,8 5 9 7 2 9 ,4 8 8 4 0 ,5 0 0 1 2 3 ,0 6 9 $ 1 ,0 0 0 ,0 0 0 1 ,5 5 9 ,0 9 8 1 3 ,5 4 0 ,2 5 3 5 6 1 ,6 3 7 7 2 4 ,9 9 6 .$ 1 6 ,0 1 9 ,5 4 5 $ 1 8 ,6 6 4 ,0 9 6 $ 1 9 ,2 9 0 ,7 4 8 $ 8 6 6 ,4 2 4 4 0 0 ,6 7 5 1 5 9 ,8 9 4 1 2 0 ,0 0 0 1 4 ,9 6 0 ,4 1 5 $ 7 9 2 ,5 4 7 3 6 3 ,4 0 5 1 0 5 ,9 2 6 1 2 0 ,0 0 0 1 4 ,7 2 0 ,2 0 0 1 1 9 ,0 0 0 5 4 9 ,6 0 5 2 0 6 ,1 2 8 8 3 4 ,2 5 3 1 2 ,2 0 6 7 3 0 ,3 6 0 1 2 1 ,8 1 8 7 5 5 ,6 9 7 7 4 ,9 3 6 Y O R K S u p p lem e n ta r y — . . . . A m t . o f d e p . o n w h i c h i n t . Is a l l o w e d -. L i a b i l i t ie s — C a p i t a l s t o c k ------------------------- ----------------------------------------------------------------------51 2 5 0 . 0 0 0 S u r p l u s f u n d ( m a r k e t v a l u e ! .......................... ............................................. - - 7 „ 1 7 5 ,2 5 2 D e p o s its s u b je c t t o c h e c k ----------------------------------------------------------------------------6 ,9 2 6 ,7 3 3 1 1 5 ,7 2 0 C e r t i f i c a t e s o f d e p o s i t ( n o t p r e f e r r e d ) , t i m e ------------------------------------------3 0 ,7 1 0 C e r t i f i c a t e s o f d e p o s i t ( n o t p r e f e r r e d ) , d e m a n d --------------------------------8 4 ,5 5 0 D u e t r u s t c o m p a n i e s ----------------------------------------------------------------------------------------7 ,9 9 0 D u e b a n k s a n d b a n k e r s ---------------------------------------- ----------------------------------------3 1 9 ,1 9 2 D u e s a v i n g s b a n k s ------------------------------ ---------------------------------------------------------------4 3 ,8 0 3 D u t a s e x e c u t o r , a d m i n i s t r a t o r . & c . . ................................... .......................... 5 7 5 .0 0 0 D e p o s it s p r e fc r r e d flb e c a u s e s e c u r e d b y p a r t o f t r u s t c o m a s s e t s . O t h e r l i a b i l i t i e s . 1 — ------------------------- -------------- — --------------------------------------- ------- 1 7 9 , 5 6 5 Total____________________________- ....................... — ..........- 59 ,708.005 $ 8 4 9 ,5 4 0 4 8 8 ,6 7 0 1 7 2 ,0 7 9 1 2 0 ,0 0 0 1 2 ,2 8 4 ,0 673 C O M P A N IE S . Astor Trust Co. (New York)—Con. Astor Trust Co. (New York). R 6S0U T C 0S Jf CL7t 1 1 9 0 8 . S t o c k a n d b o n d I n v e s t m e n t s :— P u b l ic s e c u r it ie s ( m a r k e t v a lu e ) S I . 4 0 4 ,0 8 7 O t h e r s e c u r i t i e s ( m a r k e t v a l u e ) -----------------------------------------------------------2 3 4 2 ,8 2 4 L o a n e d o n c o l l a t e r a l ________________________________________________ _________ 3 ,5 7 4 ,3 3 3 4 ,0 0 0 O t h e r l o a n s ________ ______________________________________________________________ 6 0 0 ,4 7 8 B i l l s p u r c h a s e d __________________________________________________________________ 8 ,6 3 0 O v e r d r a f t s ---------------------------------------------------------------------------------------------------------------5 9 5 ,0 7 2 D u e f r o m a p p r o v e d r e s e r v e d e p o s i t o r i e s -------- --------------------------------------31 ,8 5 8 D u e f r o m t r u s t c o m p a n i e s , b a n k s , b a n k e r s a n d b r o k e r s . ---------------2 4 5 ,7 9 7 S p e c i e ...................................... .............................................................................................. .. 9 0 ,0 0 0 L e g a l t e n d e r n o t e s a n d b i l l s o f n a t i o n a l b a n k s -------------------------------------3 6 9 ,6 7 6 C a s h I t e m s . ...................................... .......................................... .. .................- ....................... O t h e r a s s e t s --------------------------------------------- ------------------- - -------------- ------------------------ -------- 4 4 1 , 8 1 0 ,7 0 8 ,5 6 5 T o t a l ......................... .... .................................. ............................ ...........................................5 ° $ 6 ,2 9 5 ,1 7 3 1 1 5 ,3 2 5 Trust Co. (Brooklyn) . Jan. 1 ’08. $ 8 0 2 ,0 0 0 J a n . 1 '0 6 . $ 1 ,0 0 0 ,0 0 0 1 ,6 8 7 ,6 9 1 5 ,7 3 2 ,7 3 5 7 0 2 ,0 3 9 9 9 1 ,2 5 0 1 7 ,8 9 6 3 0 ,3 3 6 5 2 5 ,1 7 4 3 7 9 ,1 6 5 Jan . 1 ’08. L i a b i l i t ie s — C a p i t a l s t o c k ........................................................... $ 1 , 0 0 0 , 0 0 0 1 ,5 2 7 , 6 3 1 S u r p l u s f u n d ( m a r k e t v a l u e ) . . ................ 4 ,4 7 3 ,7 6 7 4 4 7 ,8 2 0 C e r tfs . o f d e p o s it (n o t p r e f . ) , t im e — 5 0 5 ,5 6 8 C e r tfs . o f d e p o s it (n o t p r e f . ) , d e m a n d . 3 ,6 8 1 D u e t r u s t c o m p a n i e s -----------------------------------4 4 ,0 6 0 D u e b a n k s a n d b a n k e r s ----------------------------6 1 9 ,0 9 7 D u e s a v i n g s b a n k s ---------------------------- - — 3 2 0 ,3 6 0 D u e a s e x e c u t o r , a d m in is t r a t o r , & c ._ 7 5 ,0 0 0 D e p o s l t s p r e f e r r e d ............................................ , , 2 4 3 ,6 3 4 O t h e r l i a b i l i t i e s _____________________________ 20,513 $ 5 0 0 ,0 0 0 2 7 1 ,6 7 6 1 ,7 6 6 ,4 9 6 3 1 ,0 0 0 2 3 ,3 3 1 2 3 ,3 53 1 8 8 ,0 2 7 1 5 5 ,9 7 3 1 ,5 8 4 4 4 7 ,2 6 3 1 1 4 ,5 8 2 R esou rces— B o n d s a n d m o r t g a g e s --------------------------------S t o c k a n d b o n d In v estm en ts: :i9 5 THE CHRONICLE Feb . 15 1908. | S u p p lem e n ta r y — , , J , JaTi T o t a l a m o u n t o f In te re st a n d c o m m is s io n s r e c e iv e d d u r in g y e a r . $ 4 0 0 ,0 4 * I n t e r e s t c r e d i t e d d e p o s i t o r s , s a m e p e r i o d -----------------------------------------------1 5 8 ,6 6 6 E x p e n e s o f i n s t i t u t i o n , s a m e p e r i o d ---------------------------------------------------------1 2 3 ,7 6 2 A m o u n t o f d e p o s i t s o n w h i c h i n t e r e s t Is a l l o w e d ------------------ ------------ 5 .6 8 4 .1 0 0 Bankers’ Trust Co. (New York). Jan. R esou rces— S to c k a n d b o n d In v estm en ts: . . . O t h e r l o a n s -------B ills p u r c h a s e d . and brok ers S p e c i e ------------t l o n a l b a n k s -------In v e s t m e n t s h e ld g u a r d ia n , & c — . s . . I" . 1 ’08. Jan. $ 1 ,5 4 2 ,8 2 0 / 5 ,8 7 9 ,4 6 4 / 1 1 ,1 2 2 ,6 6 5 3 0 ,8 7 0 ] 2 1 7 ,6 3 5 / 2 ,3 3 5 ,1 0 2 1 ’07. Jan. 8 ,5 3 5 ,8 0 6 1 3 ,7 5 4 ,3 5 0 4 0 0 ,1 4 1 2 ,0 4 4 ,129| ’06. 7 ,2 0 2 ,6 1 2 1 1 ,9 2 5 ,5 8 8 4 0 2 ,6 1 3 4 ,9 6 8 ,8 7 6 5 8 ,2 3 3 4 4 2 ,5 1 3 1 0 4 ,8 5 1 / 9 3 6 ,3 4 9 3 3 ,9 3 8 5 5 2 ,2 0 0 9 6 ,1 2 0 1 4 ,7 4 5 676 000 1 ,5 3 1 ,4 2 6 78 .$ 2 4 ,3 8 8 ,9 2 8 $ 2 5 ,8 7 1 ,8 2 3 . l $ 2 4 ,5 4 8 ,4 7 2 THE CHRONICLE. 396 Bankers’ Trust Co. (New York)— Con. L i a b i l i t ie s — Jan. 1 08. C a p i t a l s t o c k __________________________________ $ 1 , 0 0 0 000 . S u r p lu s f u n d ( m a r k e t v a l u e ) ____________ 1 ,0 2 2 7 3 4 D e p o s i t s s u b j e c t t o c h e c k _______________ 1 2 , 7 4 4 , 210 C e r t f s . o f d e p o s i t ( n o t p r e f . ) , t i m e ____ 2 4 0 ,0 4 0 C e r tfs . o f d e p o s it (n o t p r e f .) , d e m a n d 534 940 D u e t r u s t c o m p a n i e s _______ _________ _______ 4 ,0 5 2 3 4 3 D u e b a n k s a n d b a n k e r s _____ ____________ 1 ,1 3 5 ' 1 9 8 D u e s a v i n g s b a n k s _________________________ 89 i530 D u e s a v i n g s a n d l o a n a s s o c i a t i o n s '____ ’ D u e a s e x e c u t o r , a d m in is tr a to r , & c _ _ 8 1 9 ,0 1 1 D e p o s it s p r e fe r r e d b e c a u s e s e c u r e d b y 3 9 5 ,0 0 0 p l e d g e o f p a r t o f t r u s t c o . a s s e t s ____ D e p o s i t s o t h e r w i s e p r e f e r r e d ____________ 1 7 9 ,9 1 3 P r e f e r r e d l i a b i l i t i e s _________________________ 0 7 0 ,0 0 0 1 ,4 5 0 [ 0 0 3 O t h e r l i a b i l i t i e s _____________________________ T o t a l . ...................................................................... $ 2 4 , 3 8 8 S u p p lem e n ta r y — T o t a l a m o u n t o f In te re st a n d c o m m i s s i o n s r e c e i v e d d u r i n g y e a r _______$ 1 , 3 4 4 I n t. cr e d ite d d e p o s ito r s , sa m e p e r io d . 738 E x p e n s e s o f In s titu tio n , sa m e p e r io d . 235 A m t . o f d lv s . d e c la r e d , s a m e p e r io d . 100 A m t . o f d e p . o n w h i c h I n t . is a l l o w e d . 1 9 ,7 4 2 ,9 2 8 239 882 ,002 ,000 ,9 0 0 Jan. 1 ’07. 3 1 ,0 0 0 ,0 0 0 i 1 ,3 4 8 ,9 4 9 1 5 ,4 3 5 ,4 5 4 9 3 9 ,2 7 2 1 ,1 5 3 ,5 8 9 2 ,9 4 9 ,4 4 7 2 ,0 5 7 ,2 0 7 2 8 4 ,0 0 0 5 5 3 ,8 4 0 Central Trust Co. (Now York). Jan. 1 ’06. 3 1 ,0 0 0 ,0 0 0 1 ,2 8 7 .4 8 9 1 4 ,1 2 5 ,5 2 8 3 5 0 ,1 5 4 9 8 0 ,5 0 9 2 ,2 9 3 ,2 5 0 1 ,4 3 2 ,9 8 4 2 0 0 ,9 4 8 1 9 ,3 3 4 7 2 8 ,5 0 4 100,000 4 9 ,4 0 0 2 ,0 0 3 ,0 7 3 $ 2 5 ,8 7 1 ,8 2 3 $ 2 4 ,5 4 S ,4 7 2 5 1 ,2 3 6 ,3 0 3 6 3 0 ,8 2 4 1 8 8 ,8 6 7 1 4 5 ,0 0 0 2 2 ,6 2 0 ,0 0 0 3 1 ,0 0 5 647 161 70 1 9 ,7 5 8 ,2 4 2 ,2 7 0 ,6 2 3 587 ,000 ,000 .0 0 9 Bowling Green Trust Co. (New York). R esou rces— Jan. 1 B o n d s a n d m o r t g a g e s _____________________ 5 3 2 ,0 0 0 S t o c k a n d b o n d in v e s tm e n ts : P u b l i c s e c u r i t i e s ( m a r k e t v a l u e ) ____ 1 ,0 7 0 , 5 0 0 1 O t h e r s e c u r itie s (m a r k e t v a lu e ) . . . 3 ,7 8 7 ,4 4 5 / L o a n e d o n c o l l a t e r a l _______________________ 5 ,2 6 1 ,6 5 5 O t h e r l o a n s _________________________________ \ B i l l s p u r c h a s e d ________________________ I I j 7 1 9 ,2 5 6 O v e r d r a f t s ________________________I I I I I I . 7 D u e fr o m a p p r o v e d r e s ’ v c d e p o s ito r ie s 1 ,0 8 8 ,1 3 2 D u e fr o m tru st c o ’s, b a n k s, b a n k ers 1 ,4 3 9 ,3 8 8 S p e c i e ________________ : ____________ _ 1 2 9 ,0 4 7 L e g a l t e n d e r n o t e s a n d b ills o f n a t i o n a l b a n k s _______________________________ 3 5 0 ,0 0 0 C a s h I t e m s ________________ ___________________ 8 ,2 1 6 O t h e r a s s e t s ________________ _________________ 2 6 8 ,6 5 2 ’06. $ 8 7 ,0 0 0 6 ,6 9 8 ,1 4 7 1 2 ,1 4 4 ,3 4 6 3 0 9 ,9 7 6 4 ,1 4 7 1 ,2 5 2 , 6 1 5 1 3 ,1 9 6 ,5 4 4 / 8 ,1 1 7 6 ,8 5 4 , 1 5 ,4 9 0 , ,010 17 $ 2 4 ,3 9 6 ,2 0 7 $ 2 7 ,2 4 6 ,6 1 4 $ 1 ,0 0 0 ,0 0 0 3 ,0 0 3 .4 6 0 1 1 ,3 9 4 ,2 4 7 3 9 ,0 0 0 1 0 5 ,2 2 0 2 .5 9 5 ,4 1 7 4 ,3 7 8 ,3 5 4 9 2 1 ,8 2 1 1 0 2 ,8 0 2 7 9 5 ,8 8 0 $ 2 ,5 0 0 ,0 0 0 2 ,8 5 3 ,1 2 0 1 3 ,1 2 5 ,2 1 1 1 0 ,0 0 0 6 9 ,8 6 1 2 ,5 5 1 ,2 4 2 4 ,2 0 7 ,2 0 3 1 ,4 2 1 , 2 3 3 3 8 0 ,9 9 9 1 2 7 ,7 0 5 5 1 5 ,0 6 3 ,2 9 8 $ 2 4 ,3 9 0 ,2 0 7 5 2 7 ,2 4 6 ,6 1 4 $ 1 ,2 0 0 ,3 7 8 5 0 7 ,7 3 1 1 6 1 ,4 2 7 2 0 0 ,0 0 0 1 6 ,9 2 9 ,1 1 8 5 9 7 1 ,4 9 9 5 1 2 ,8 3 6 15 0 , 7 3 1 1 7 5 ,0 0 0 2 0 ,7 2 7 ,2 1 3 293 Co. (New York). R esou rces— ,J a n . 1 ’ 0 8 . J a n . 1 ’ 0 7 . J a n . 1 ’ 0 6 . B o n d s a n d m o r t g a g e s ____________________ $ 6 1 5 ,3 1 0 $ 5 6 1 ,8 1 0 5 4 6 9 ,5 0 0 S to c k a n d b o n d in v e s tm e n ts : P u b l ic s e c u r it ie s (m a r k e t v a lu e ) __ 1 1 9 ,3 2 5 1 O t h e r s e c u r i t i e s ( m a r k e t v a l u e ) ____ 1 0 0 ,0 3 4 / 5 2 6 ,5 9 3 7 2 9 ,0 2 7 6 1 3 ,7 4 3 L o a n e d o n c o l l a t e r a l _______________________ 1 ,7 8 3 ,8 5 7 1 ,7 3 1 ,7 5 2 O t h e r l o a n s __________________________________ B i l l s p u r c h a s e d _____________________________ 1 ,0 1 3 ,7 3 3 / 1 ,4 7 9 ,3 9 7 1 ,2 1 1 , 8 0 1 O v e r d r a f t s __________________________________ 884 1 ,3 3 0 164 R e a l e s t a t e ____________________________________ 1 2 ,5 0 0 1 1 ,1 5 5 5 ,0 0 0 D u e fr o m a p p r o v e d re s’ v e d e p o s it o r ie s 7 2 0 ,4 0 8 7 3 7 ,7 9 8 1 D u e fr o m tru s t c o ’s , b a n k s , b a n k e rs 8 6 0 ,8 3 1 a n d b r o k e r s _______________________________ 1 0 4 ,7 0 0 1 8 1 ,2 3 5 / S p e c i e ________________________________________ 4 4 ,8 7 7 7 ,3 2 0 3 7 ,0 0 7 L e g a l t e n d e r n o t e s a n d b ills o f n a t i o n a l b a n k s _______________________________ 5 0 ,9 0 0 1 6 6 ,6 8 2 2 5 ,6 0 0 C a s h I t e m s _______________ _________ ___________ 3 ,4 2 0 6 ,5 8 2 2 0 ,4 8 9 O t h e r a s s e t s __________________________________ 3 8 ,3 5 3 5 5 ,1 1 9 6 0 ,8 5 1 S u r p l u s f u n d ( m a r k e t v a l u e ) ____________ D e p o s i t s s u b j e c t t o c h e c k _______________ C e r t f s . o f d e p o s i t ( n o t p r e f . ) , t i m e ___ C e r tfs . o f d e p o s it (n o t p r e f . ) , d e m a n d D u e t r u s t c o m p a n i e s _______________________ D u e b a n k s a n d b a n k e r s ________________ _ D u e s a v i n g s b a n k s ________________________ D u e a s e x e c u t o r , a d m in is t r a t o r , & c l~ O t h e r l i a b i l i t i e s _____________________ S u p p lem e n ta r y — T o t a l a m o u n t o f in t e r e s t and $ 3 ,4 9 8 ,2 4 7 $ 5 ,5 1 8 ,8 7 9 5 5 ,1 5 2 ,0 2 2 $ 7 0 0 ,0 0 0 3 5 4 ,0 4 4 2 ,0 1 1 ,5 3 5 1 0 ,1 5 0 6 8 ,2 5 7 1 6 8 ,9 5 5 4 5 ,1 6 8 3 0 ,7 5 6 1 0 3 ,3 3 2 $ 7 0 0 ,0 0 0 4 5 0 ,6 5 8 3 ,9 9 0 ,6 6 0 1 1 ,0 0 0 9 9 ,7 6 5 4 5 ,9 5 6 5 5 ,1 3 4 8 7 ,4 0 3 1 6 ,4 4 3 6 1 ,8 6 4 5 7 0 0 ,0 0 0 465^348 3 ,5 5 0 ,7 0 5 3 4 ,5 0 0 1 7 5 ,4 1 0 4 9 ,7 3 5 6 0 ,7 1 3 5 2 ,8 9 9 1 5 ,7 8 8 4 6 ,9 2 4 $ 3 ,4 9 8 ,2 4 7 $ 5 ,5 1 8 ,8 7 9 $ 5 ,1 5 2 ,0 2 2 $ 2 3 7 ,9 0 3 9 5 ,1 9 9 6 4 ,0 1 9 2 1 ,0 0 0 2 ,3 4 0 ,8 2 2 $ 2 3 5 ,7 6 5 8 6 ,9 6 7 5 8 ,1 8 4 4 2 .0 0 0 4 ,1 1 0 ,4 7 3 5 1 8 7 ,3 8 6 8 0 ,9 3 4 5 4 ,1 7 7 4 2 ,0 0 0 3 ,9 3 9 ,7 5 0 com i n t . cred ited d e p o s ito rs, sam e period E x p en ses o f in stitu tion , sam e p e r io d . A m t . o f d lv s. decla red , sam e p e r io d _ A m t . o f d ep . on w h ich Int. Is a llo w e d _ Carnegie Trust Co. (New York). R esou rces— J a n . 1 1908 B on d s and m o r tg a g e s .................................................................................. S,tn nnn S tock and b o n d Investm ents: P u b lic secu rities (m a rk et v a lu e )___________________ ______ ______ 1 700 500 O th er securities (m a rk et v a lu e )______________________________ 1*717*750 L oa n ed on co lla te r a l________ _______________ ___________________ 3 ’ 5 9 9 '774 Bills p u r c h a s e d . . . ........................... I ___________________ " 1 5 7 fi? ? s O v e rd ra fts ............... .......................... ............................................................_ ” 1610 D ue fro m a p p ro v e d reserve d e p o s ito r ie s _________________________ 547*796 D ue fro m trust c o ’ s, ban k s, ban kers an d b r o k e r s ----------------------5 0 3 J 22 L egal ten der n otes and bills o f n a tio n a l b a n k s _________________ Cash Item s_______________ O th er a ssets________ ______ ___ I I I I I I I I I I I . ............- ................ I I I I “ W n 194*393 T o t a l _____ _______ __________ $ 1 0 ,2 0 2 ,7 6 4 L i a b i l i t ie s —■ C apital s t o c k _______ 51 , 5 0 0 ,0 0 0 Surplus fu n d (m a rk et v a l u e ) ..................................... " ............................... 8 2 9 ,9 3 0 D ep osits s u b je c t to ch eck " 3 , 2 4 4 ,2 5 4 C ertfs. o f d ep osit (n ot p r e f), t i m e ......................... 7 2 1 ,7 9 9 C trtfs. o f d ep osit (n ot p r e f.), d em an d 2 3 1 ,3 9 0 D u e trust c o m p a n ie s _______________ * " 2 4 1 ,3 3 0 D u e ban ks and b a n k e rs ___________ 4 4 4 .3 6 4 D u e savin gs b a n k s ________________ I I I I I I I IIIIIII 7 1 ,1 7 7 D ue sa vin gs an d loan a s s o c ia t i o n s ..I 2 ,7 5 0 D u e as e x e c u to r , a d m in istra to r, & c__ _ I 1 , 5 7 1 ,4 4 7 O th er lia b ilitie s______________________ ______ 1 , 3 4 4 ,3 2 3 T o t a l ....................................................................................... ................................................ $ 1 0 , 2 0 2 , 7 6 4 S u p p lem e n ta r y — T o t a l a m o u n t o f In te re s t a n d c o m m is s io n s r e c e iv e d d u r in g y e a r $ 4 1 6 154 I n t e r e s t c r e d i t e d d e p o s i t o r s , s a m e p e r i o d _____________________ 141*463 E x p e n s e s o f I n s t i t u t i o n , s a m e p e r i o d _____________________ . 194*455 A m o u n t o f d e p o s i t s o n w h i c h i n t e r e s t Is a l l o w e d _____ 4 « 7 ,i ! 4 6 1 51 5 1 ,0 0 0 ,0 0 0 14 1 4 ,5 2 7 ,3 7 4 3 00 , 1 7 5 , 9 0 5 0 6 8 ,9 6 0 3 8 4 ,0 7 0 3 0 7 ,5 8 2 7 3 ,9 2 7 2 ,3 5 1 ,3 5 2 1 2 5 ,0 8 2 T o t a l ............ ............................ .. ............................ 3 4 9 , 6 1 4 , 2 5 S u p p lem e n ta r y — T o ta l a m o u n t o f In terest a n d c o m m is s io n s r e c e iv e d d u r i n g t h e y e a r . . I n t. cr e d ite d d e p o s ito r s , sa m e p e r io d . E x p e n s e s o f in s t it u t io n , s a m e p e r io d . A m t . o f d l v s . d e c l a r e d ,. s______. a m e p__________ e r io d . . A m t . o f d e p . o n w h i c h I n t . Is a l l o w e d . 5 3 ,1 7 0 ,4 6 1 ,2 4 9 .1 3 6 2 8 4 ,0 7 8 8 0 0 ,0 0 0 2 9 ,8 0 3 ,8 3 6 1 7 4 ,0 0 2 1 ,0 2 1 ,4 4 6 9 ,1 6 3 ,3 6 1 5 4 ,1 3 7 3 ,3 8 0 2 2 6 ,3 9 3 :5 6 7 , 6 6 3 , 7 7 6 $ 7 4 ,9 6 9 ,6 3 4 $ 1 ,0 0 0 ,0 0 0 1 5 ,6 8 6 ,0 1 2 4 6 ,8 3 2 ,4 7 0 0 2 8 ,1 0 8 2 7 0 ,8 7 6 5 0 7 ,4 8 4 7 1 ,7 5 0 2 ,2 2 3 ,2 0 6 1 4 3 ,8 0 1 5 1 ,0 0 0 ,0 0 0 1 5 ,1 2 8 ,1 9 9 5 4 ,0 4 0 ,8 7 4 1 ,5 2 0 , 0 1 1 3 0 1 ,7 7 5 7 7 4 ,9 4 6 2 5 9 ,5 3 6 1 ,4 2 6 ,1 7 5 5 1 2 ,1 1 9 5 0 7 ,0 6 3 ,7 7 6 5 7 4 ,9 6 9 ,6 3 4 $ 3 ,1 6 1 ,4 4 5 1 ,7 2 7 ,0 1 5 2 7 3 ,7 5 1 8 0 0 ,0 0 0 4 2 ,0 3 2 ,4 9 3 5 2 ,7 3 5 ,7 5 3 1 ,5 3 7 ,0 2 0 2 9 7 ,2 4 0 8 0 0 ,0 0 0 £ 5 3 ,0 4 5 ,1 2 0 Columbia Trust Co. (New York). 5 1 ,0 0 0 ,0 0 0 S u r p l u s f u n d ( m a r k e t v a l u e ) ____________ 2 ,7 1 4 ,6 3 4 D e p o s i t s s u b j e c t t o c h e c k _______________ 0 ,7 6 1 ,0 4 3 C e r t f s . o f d e p o s i t ( n o t p r e f . ) , t i m e ____ 8 3 5 ,3 5 0 5 5 ,6 4 0 C e r tfs . o f d e p o s it (n o t p r e f . ) . d e m a n d 9 3 2 ,9 9 4 D u e t r u s t c o m p a n i e s _____________________ D u e b a n k s a n d b a n k e r s __________________ 2 ,3 1 0 ,3 1 5 D u e s a v i n g s b a n k s _________________________ 2 6 8 ,0 7 3 D u e a s e x e c u t o r , a d m in is t r a t o r , & c _ . 3 9 ,6 2 0 O t h e r l i a b i l i t i e s _____________________ 1 3 9 ,6 2 9 L ia b ilitie s — L i a b i l i t ie s — C a p i t a l s t o c k _________________________________ S u r p l u s f u n d ( m a r k e t v a l u e ) ____________ D e p o s i t s s u b j e c t t o c h e c k _______________ C e r tfs . o f d e p o s it (n o t p r e f . ) , d e m a n d. D u e t r u s t c o m p a n i e s _______________________ D u e b a n k s a n d b a n k e r s __________________ D u e s a v i n g s b a n k s _________________________ D u e a s e x e c u t o r , a d m in is t r a t o r , & c . . O t h e r l i a b i l i t i e s _____________________________ 1 9 .4 0 7 ,3 8 8 4 4 ,5 2 2 ,0 9 9 R esou rces— Jan. 1 0 8 . J a n . 1 '0 7 . J a n . 1 ’ 0 6 . B o n d s a n d m o r t g a g e s _____________________ $ 2 2 ,5 2 5 S 2 8 .0 S t o c k a n d b o n d in v e s tm e n ts : P u b l ic s e c u r it ie s (m a r k e t v a lu e ) . 1 ,1 9 4 , 2 9 0 1 O t h e r s e c u r i t i e s ( m a r k e t v a l u e ) ____ ____ 1 ,6 0 4 ,1 8 8 8 5 2, ,____ 613/ ,000, 000 L o a n e d o n c o l l a t e r a l _____________ 3 ,1 7 5 ,7 2 2 5 ,0 3 5 ,2 9 3 ,2 8 8 , 4 0 0 O t h e r l o a n s ________________ ______________ . \ B i l l s p u r c h a s e d ___________________________ j 7 0 1 ,0 4 7 3 2 5 .0 0 0 O v e r d r a f t s __________________________________ 64 160 D u e fr o m a p p r o v e d re s’ v c d e p o s ito r ie s 5 7 1 ,6 7 5 8 7 0 ,1 7 0 j D u e fr o m tru s t c o ’s , b a n k s , b a n k e rs ,8 6 4 a n d b r o k e r s ____________________ 1 0 1 ,0 1 5 J 1 4 ,2 2 0 S p e c i e __________________________________ 2 ,8 3 6 2 5 6 ,4 4 1 ,3 1 6 L e g a l t e n d e r n o t e s a n d b ills o f n a t i o n a l b a n k s .................................... 9 ,1 1 0 3 0 8 .0 0 0 200 5 2 2 _ 2 6 7 ,9 3 0 O t h e r a s s e t s __________________ 1 7 ,3 9 7 18 6 2 5 $ 1 5 ,0 6 3 ,2 9 3 $ 9 7 9 ,4 7 8 4 1 2 ,3 7 3 1 8 0 ,1 1 3 2 0 0 ,0 0 0 9 ,0 1 2 ,0 8 0 T o t a l _________________________________________$54499 , 6 1 4 , 2 5 2 Jan. 1 ’06. 5 3 9 7 ,4 2 0 ,3 4 2 000 S u p p lem e n ta r y — T o ta l a m o u n t o f In terest a n d c o m m i s s i o n s r e c e i v e d d u r i n g y e a r ............. In t. cr e d ite d d e p o s ito r s , sa m e p e r lo d . E x p e n s e s o f In s titu tio n , s a m e p e r io d . A m t . o f d lv s . d e c la r e d , s a m e p e r io d . A m t . o f d e p . o n w h i c h i n t . Is a l l o w e d . R esou rces— J a n . 1 '0 8 . J a n . 1 ’ 0 7 . B o n d s a n d m o r t g a g e s ___________________ . 5 4 0 ,5 3 0 5 7 0 ,2 0 1 S to ck a n d b o n d In v estm en ts: P u b l i c s e c u r i t i e s ( m a r k e t v a l u e ) . .. .1, , 1 5 3 , 8 7 5 ) O t h e r s e c u r i t i e s ( m a r k e t v a l u e ) ____1 . 31, 3 , 5 0 8 , I 3 8 j 1 9 , 0 9 1 , 9 7 3 L o a n e d o n c o l l a t e r a l _____________________ . 2 24 4 ,, 6 6 4 , 5 2 0 3 9 ,3 0 8 ,4 8 8 O t h e r l o a n s ________________________________ \ B ills p u r c h a s e d ________ ______________ / i 1 8 5 ,0 6 7 1 1 6 ,8 3 5 R e a l e s t a t e ____________________________________ . 9 9 0 ,7 2 5 9 9 4 .2 4 9 D u e f r o m a p p r o v e d r e s ’ v e d e p o s i t o r i e si 5 ,5 2 2 ,6 7 4 4 ,7 4 1 ,8 5 3 S p e c i e _________________________________________ 3 ,1 ,2 9 4 ,5 2 8 3 ,0 0 1 ,8 5 0 L e g a l t e n d e r n o t e s a n d b ills o f n a tio n a l b a n k s . 1 5 ,3 8 0 2 0 ,2 0 7 O t h e r a s s e t s ____ 2 3 8 ,1 6 5 2 5 8 ,1 2 2 ,5 8 1 6 8 7 ,3 8 2 7 ,9 3 3 L ia b ilitie s - [VOL. LXXXVI. 5 8 ,3 2 2 ,5 8 8 $ 4 ,8 6 4 ,7 2 7 $ 1 ,0 0 0 ,0 0 0 1 ,1 1 1 . 7 2 9 4 ,5 0 9 ,2 3 4 5 4 ,6 0 5 2 4 2 ,4 7 8 7 7 2 ,2 5 8 2 9 3 ,6 2 2 $ 1 ,0 0 0 , 0 0 0 1 ,0 2 4 , 8 1 0 2 ,4 6 4 ,0 1 9 5 0 ,0 0 0 2 0 4 ,7 2 4 7 5 ,9 4 2 2 8 ,0 5 0 3 9 ,7 4 8 1 5 ,3 5 9 2 2 3 ,5 5 5 2 ,5 8 5 $ 7 ,1 2 5 ,7 6 3 $ 8 ,3 2 2 ,5 8 8 $ 4 ,8 5 4 ,7 2 7 $ 4 0 1 ,2 8 5 1 7 1 ,0 6 9 1 0 8 .5 6 1 4 ,4 4 2 ,4 0 0 $ 3 5 5 ,9 6 0 1 3 1 ,6 6 9 7 8 ,6 8 8 5 ,8 5 2 ,5 0 0 5 3 8 ,6 9 6 6 ,3 6 2 5 ,5 2 3 2 ,7 5 4 ,6 7 0 . $ 7 ,1 2 5 ,7 6 3 L i a b i l i t ie s — C a p i t a l s t o c k _____________ . $ 1 ,0 0 0 ,0 0 0 S u r p lu s fu n d (m a r k e t v a l u e ) I I I I I I . . 1 ,1 3 0 ,2 5 5 D e p o s i t s s u b j e c t t o c h e c k _____________ 3 ,6 2 8 ,9 7 5 4 8 ,5 2 2 C e r tfs . o f d e p o s it (n o t p r e f.), t i m e . . 2 5 0 ,9 1 4 C e r t f s . o f d e p o s i t ( n o t p r e f . ) , d e m a n dl 0 6 5 ,0 1 7 D u e t r u s t c o m p a n i e s _____________________ 5 9 ,5 3 4 D u e b a n k s a n d b a n k e r s __________________ 1 ,2 2 3 D u e s a v i n g s b a n k s _________________________ 3 8 ,6 8 7 D u e as e x e c u t o r , a d m in is t r a t o r , r c c . . 7 ,2 2 8 D e p o s i t s o t h e r w i s e p r e f e r r e d ____________ 2 9 5 ,4 0 8 O t h e r l i a b i l i t i e s _____________________________ S u p p lem e n ta r y — T ota l a m ou n t o f In terest a n d c o m m is s io n s r e c e iv e d d u r in g t h e y e a r . . l n t . c r e d it e d d e p o s it o r s , s a m e p e r io d s E x p e n s e s o f In s titu tio n , sa m e p e r lo d . A m t . o f d e p . o n w h i c h I n t . Is a l l o w e d . 3 ,7 0 0 Commercial Trust Co. (New York). R esou rces— J a n . 1 '0 8 . J an . 1 ’ 07 B o n d s a n d m o r t g a g e s _____________________________ 5 5 0 ,0 0 0 S to ck a n d b o n d In v e stm e n ts: P u b l i c s e c u r i t i e s ( m a r k e t v a l u e ) ---------------------------4 9 5 , 3 5 35 1 3 , 3 3 4 70 L o a n e d o n c o l l a t e r a l ----------------------------------------------18, 0 5 ,49, 5 47 18 O t h e r l o a n s . ________ ____________ . - -----------------------------------------7 5 2 ,2 0 4 1 B i ll s ' p u r c h a s e d . . -------------------------------------------------1 , 01 4, 241, 4 2 ,5008/4 O v e r d r a f t s __________________________________ ____________ ______ 8 ,5 5 7 121 D u e f r o m a p p r o v e d r e s e r v e d e p o s i t o r i e s --------------------3 5 0 ,2 2 4 6 1 6 ,7 1 8 D u e fr o m tru s t c o ’ s, b a n k s , b a n k e r s a n d b r o k e r s .. 1 6 ,4 8 3 0 6 ,0 2 1 S p e c i e ____________________________________________________________ 6 8 ,8 1 8 7 5 ,6 1 3 L e g a l t e n d e r s , n o t e s a n d b i l l s o f n a t i o n a l b a n k s -------4 5 ,3 7 5 5 1 ,7 7 C a s h I t e m s ............................. ..............- — ......................... .............. 1 3 ,2 8 0 O t h e r a s s e t s _____________________ _________________ ____________ 2 7 ,1 1 2 1 2 ,9 9 3 T o t a l _____________________________________ ______________ - - - $ 3 , 7 4 2 , 8 1 3 L i a b i l i t ie s — • C a p i t a l s t o c k __________________________________________________ $ 5 0 0 ,0 0 0 S u r p l u s f u n d ( m a r k e t v a l u e ) --------------------------------------------2 7 9 ,2 3 2 D e p o s i t s s u b j e c t t o c h e c k ----------------------------------------------------2 ,4 2 9 ,6 3 0 C e r t i f i c a t e s o f d e p o s i t ( n o t p r e f e r r e d ) , t i m e ------------1 ,0 0 0 2 7 ,7 4 5 C e r t i f i c a t e s o f d e p o s i t ( n o t p r e f e r r e d ) , d e m a n d -------D u e t r u s t c o m p a n i e s .............................. ........................................ 252 D u e b a n k s a n d b a n k e r s -------------------------------4 0 5 ,1 4 0 D u e a s e x e c u t o r , a d m i n i s t r a t o r , A c ------------------------------1 5 ,3 1 8 D e p o s it s p r e fe r r e d b e c a u s e s e c u r e d b y p le d g e o f p a r t o f t r u s t c o m p a n y a s s e t s ----------------------------------------6 9 ,5 0 0 1 4 ,9 9 6 O t h e r l i a b i l i t i e s . . ---------------------------------------------- $ 3 ,6 0 3 ,0 7 1 T o t a l ........... S u p p lem e n ta r y — . T o t a l a m t. o f In t. & c o m m is s io n s r c c ’ d d u r in g y e a r I n t e r e s t c r e d i t e d d e p o s i t o r s , s a m e p e r i o d -----------------E x p e n s e s o f I n s t i t u t i o n , s a m e p e r i o d ---------------------------A m o u n t o f d e p o s i t s o n w h i c h I n t e r e s t Is a l l o w e d — $ 3 ,6 0 3 ,6 7 1 $ 5 0 0 ,0 0 0 2 7 3 ,6 7 7 2 ,5 3 0 ,9 0 4 2 7 ,0 0 0 21 ,220 2 5 0 ,8 7 2 5 3 ,7 4 2 ,8 1 3 _ 5 2 0 7 ,6 4 1 8 1 ,1 9 8 8 8 ,0 4 1 1 , 8 0 7 ,9 0 0 $ 3 3 ,4 6 8 4 10,210 1 ,4 8 7 . 2 0 0 Commonwealth Trust Co. (New York). R esou rces— J a n . 1 '0 8 . S to c k a n d b o n d In v estm en ts: P u b lic s e c u r itie s (m a r k e t v a l u e ) — 5 3 0 2 ,4 0 0 ] O t h e r s e c u r itie s (m a r k e t v a l u e ) — 7 4 ,3 9 2 ] D u e fr o m a p p r o v e d r e s ’ v e d e p o s it o r ie s 1 3 ,2 2 2 D u e fr o m tru st c o ’s , b a n k s , b a n k e rs a n d b r o k e r s __________________________ — ------------S p e c i e -----------------------140 L e g a l t e n d e r n o t e s a n d b ills o f n a t i o n a l b a n k s ___________________ ___________ HO T o t a l - - ’ __________________________________ L i a b i l i t ie s — C a p i t a l s t o c k -----------------------------S u : p l u s f u n d ( m a r k e t v a l u e ) ......... D c p c s l t s s u b j e c t t o c h e c k ----------------------D u e b a n k s a n d b a n k e r s ---------------------------D u e a s e x e c u t o r , a d m in is t r a t o r , & c . . O t h e r l i a b i l i t i e s . ----------------T o t a l ------------------S u p p lem e n ta r y — T o ta l a m o u n t o f In terest a n d c o m m is s io n s r e c e iv e d d u r in g y e a r -E x p e n s e s o f I n s titu tio n , s a m e p e r io d . J a n . 1 ’0 7 . J a n . 1 '0 6 5 6 7 7 ,7 7 3 5922 448 -------- 1 j. 1 1 .4 0 3 J 166 70 0 ,0 1 7 151 00 $ 3 9 0 ,2 7 3 $689 411 $ 2 5 0 ,0 0 0 1 3 9 ,7 8 0 477 ------------------------16 $ 5 0 0 ,0 0 0 8 3 ,8 9 7 450 ------------13 1 0 5 ,0 1 6 $ 3 9 0 ,2 7 3 $ 0 8 9 ,4 1 1 $ 0 3 1 ,7 0 6 $ 3 5 ,2 4 2 5 4 ,0 7 9 3 2 9 ,8 3 0 2 2 0 ,4 0 0 $ 1 6 ,8 9 1 5 0 ,5 8 7 " $ 0 3 1 ,7 0 6 Fidelity Trust Co. (New York)— C o n . ork). Resources — Jal l^ \ Bonds and m ortgages-------------------------,000 Stock and bond Investments: Public securities (market v:i ue - - ^7,4o0 j Other securities (market v a l u e ) --. 386,006 , Loaned on collateral---------------------------- . 4 >4 3 3 ’ ™ f 8 o 7 ,6 0 Other lo a n s ___________________________ ) Bills purchased-------------------------------------O verdrafts................................................ .. 80,000 Real estate---------- -------------------- -- - - - 700,543 Due from approved res ve depositories Due from trust c o s , banks, bankers and brokers-------------------------------------i a l ’y i y Legal tender notes and bills of na tional banks-------------------------- -----------Other assets.......... - --------- ---------------------- J a n . 1 ’07. $386,368 Due banks and bankers----------------------Due savings b a n k s................. ......... - - - Due as executor, administrator, & C-Deposits preferred because secured by pledvc of part of trust co. assets- - Other liabilities-------------------- ---------------T otal-------------------------------- -------------‘ S u pplem en tary — , Total amount of Interest and com missions during year-------------------- -- Tut. credited depositors, same period. Expenses of institution, same period. A m t. of dlvs. declared. same p e rio d .. A m t. of dep. on which lnt. Is allowed. J a n . 1 ’06. $300,308 590,045 618,614 3,658,582 873,419 1,965,087 654,234 1,364 115,633 20 115,633 062,0631 ) 0 0 7 ,6 4 5 J 5,437 16,407 14,310 118,085 $ 7 ,801,504 $5,154,782 5500 000 ,092,085 ,220,553 317,105 352,648 340,057 004,177 409,122 1,582 L ia b ilities— Jal b ,\ Capital stock--------------------------------------------------------------------------------------Sf n 2 ’nr« Surplus fund (market valu e)------------------------------------------------------------Deposits subject to check----------------------------------------------------------------2 ,4 ;3 ,6 2 J Certificates of deposit (not preferred) time --------------------------------„ Certificates of deposits (not preferred) demand ------------------------2,968 Due trust companies------------------------------------------------------------------------130.S63 Due banks and bankers-------------------------------------------------------------------->>8,263 Due savings banks----------------------------------------------------------------------------300,035 Other liabilities................................................................. '1,772 1,349,780 231,906 70,475 26,420 204,137 T o ta l............... ............................. ......... S8,039 416 L ia bilities— Capital stock------------------ --------------------Surplus fund (market value)--------------- $500 000 1,079,555 2,710.797 116,903 56,204 18,398 371 ,668 68,436 2,052 $500,000 1,092,447 4 ,058,113 164,499 1 31,750 2 3 t , 626 823,373 510,890 1,842 50,000 141,587 232,055 230,764 1,039,416 $7,801,504 $5,154,732 $392,700 189,000 109,300 30,000 i,2 7 0 ,000 $326,695 138,612 109,365 30,00(1 5 ,561,452 $209,153 86,100 60,953 15.000 2,970,000 T otal------------$4,582,077 S u p p lem en ta ry — „ Total amount of Interest and commissions received during year. $176,402 Interest credited depositors, same period---------------44,601 Expenses of institution, same period------------------------------- ------------- 52,011 Am ount of deposits on which interest Is allowed--------------------------2,321,000 Fifth Avenus Trust Co. (New Y ork). J a n . 1 ’ 07. J a n . 1 ’ 06. R esources— J on . 1 08. $551,900 $626,900 Bonds and mortgages_________________ $536,900 Stock and bond investments: 5,761,054 Public securities (market value) — o42 ,o37 \ 7,27 0 ,1 9 0 Other securities (market value)------- 4,152,064 J 9,127,812 11,033,256 Loaned on collateral----------------------------0,194,911 692,197 681,271 Other loans____________________________ 71,95o\ 3 3 3 ,?in-* Bills purchased________________________ 1,597 5,387 O verdrafts_____________________________ 955,596) 1,370,429 Due from approved res’ ve depositories 1.275,354 ) Due from trust co’s', banks, bankers ................J and brokers_________________________ 696,272 41,312 Specie _________________________________ 527,201 Legal tender notes and bills of na______ 65,800 132,000 tlonal banks_________________________ 33,000 1,104 Cash item s_____________________________ 2,796 1S2.561 205,247 Other assets____________________________ 326,464 Equitable Trust Company (New York.) J a n . 1 ’03. J a n . 1 ’07. J a n . 1 ’06. $2,051,000 $3,072,000 Bonds and m ortgages------------------ -------- $2,704,500 Stock and bond Investments: 3,451,301 0 ,708,598 1.051.546) Public securities (market value) — 4.283.205 Other securities (market value) — 23,373,603 20,733,736 Loaned on collateral___________________ 12,055,420 35,420 25,022 751,100) Other le a n s ------------------------------ -----------150 000] Bills purchased-----------------------------------901,443) 904,585 Due from approved res’ve depositories; ) 2,592,030 Due from trust co’s, banks, bankers 249.252J 220,958 and brokers.............................................. 63,512 87 L, 873 . 683,665 Specie — ............... - ..................... .............. Legal tender notes and bills of na 8,050 67,360 20,960 tional banks.......... - ................................. 217,468 230,397 Other assets-------------------------------------------. 1,159,553 $32,919,081 $32,392,451 T o ta l-------------------------- --------L iabilities — .... nnn $3 000,000 $3,000 000 Capital stock------------------ - - • ---------------10,214 068 Surplus fund (market value)--------------- J * * ' 'So'] 10,569,620 14,302,453 10,127.921 «>,**0 Deposits subject to check - - -----------232,253 2,180,625 Certfs. of deposit (not pref. , time 1 ,7 5,222 96,945 184,335 Certfs. of deposit (not p re f.).demand 104,980 1,494,302 2,478,869 Due trust com p anies-----974,080 692,065 837,135 Due banks and bankers----------------------1,068,785 556,565 Due savings-banks-------- ------------.127,07.) 797,813 2,440,700 Due as executor, administrator, &c_ 662,44.. 493,767 543,912 Other liabilities______ 1,134,484 Resources — T otal....... ................. .......... ...............$24,075,582 $32,910,681 $32,392,451 S u p p lem en ta ry — T otal amount of Interest and commlsslons received during year--------------- $1,507,812 549,70; ln t . credited depositors, same peilod . l' y,a ‘7n > 164,417 Expenses of Institution, same period. 18O.00O A m t . of dlvs. declared, same period . 9,390,985 A m t . of dep. on which lnt. Is allowed. $1 ,712,947 599,885 1S3,695 345.000 18,4 4,980 $1,929,363 876,643 144,193 300,000 18,386,040 Farmers’ Loan & Trust Co. (New Y ork). R esources— Bonds and mortgages-------------------------- $.3,818,046 Stock and bond Investments: Public securities (market value). - 4 ,2 2 4 ,2711) Other securities (market value). - - 1 5 ,484,580j Loaned on collateral-------- ------------------- “ § n i? Other loans and bills purchased--------4 , 4 - 1 ,071 Real estate______________ ______________ 1,450,000 Due from approved rcs’ve depositories 6.160,822 Due from trust co’s, banks, bankers and brokers-------------------------------------“ ”314,077 S p e c i e _- __________________ - ______ - __ 3 i33i) ,277 Legal tender notes and bills of na tional b a n k s ------------------------------------153,000 Other assets----------------2,414,756 $.>,10-,G7.> J a n . 1 ’06. $1,517,250 2 1 ,0 2 0 ,6 ,6 23,070,118 44,320,585 1.041.000 1 .450.000 10,800,3051 45,088,508 739,050 1,450,000 ) 2 ,0 3 9 ,8 9 5 J 4.015,11 6 7,474,817 1,930 2,500 74,520 $68,489,118 $87,924,771 $79,941,174 Total- - --------------------------------L iabilities — $1,000,000 $1,000,000 Capital stock---------------------------------------- $1,000,000 7,468,248 7,091,452 Surplus fund (market value)--------------5,618,256 51,344,235 62,002,970 Deposits subject to check------------------ 46,809,571 7,781,812 Certfs. of deposit (not p re f.), t im e .. . 2,621,632 8,890,621 Certfs. of deposit (not p r e f.), demand ............. 3,051,842 2,481,243 Due trust companies --------------3 ’2 5 2 ’?2S 679,507 814,946 Due banks and bankers----------------------^S.IO O 2,792,918 2,275,130 Due savings b a n k s ------------ - - - ----------2 ,-6 3 ,3 6 0 15,027 Due savings and loan associations..-3.803,838 3,080,676 Due a s executor, administrator, &c._ -,47S,999 897,937 1 ,387;543 Other liabilities________________________ 3,373,564 Total------------------ --------------- ----------- $68,489,118 $87,024,771 $70,044,174 S u pplem en tary — . , Total amount of Interest and commis $2 902,868 $3,500,504 sions received during year------ - - - - $3,755,662 2,104,751 2,303,612 2,501,931 ln t. credited depositors, same perlod. 240,229 371,708 397,626 Expenses of Institution, same period. 400.000 400,000 400,000 A m t. of dlvs. declared, same p e rio d .. . 54,030,296 A m t. of dep. on which lnt. Is allowed. o 4 ,9 3 0 ,296 7 5 ,383,214 67,260,750 Fidelity Trust Co. (New York). R esources — Stock and bond Investments: Public securities (market value)-----------------------------------------------Other securities (market, value)-------------------------- --------------------- Loaned on collateral------------------------------------------------- Bills purchased------------------------------------ ----------------------- ---------------------Due from approved reserve rteprsltorles----------------------------------------Due from trust companies, banks, bankers and brokers----------- J a n . 1 ’08. $746,200 214,710 H lS ’ii f 1 LegnlCtender notes and bills of national b a n k s --------------------------Cash Items-------------- --------- -----------------------------------------------------------------O t h e r a s s e t s ------------------------------------------------------------------------------------------------------------- Total--. s97 THE CHRONICLE. Feb. 15 1908.1 _________ $4,582,077 T o t a l . .____________ _______________ $12,929 ,110 $19 ,6 3 3 ,9 1 5 $19,767,970 L ia b ilities— Capital Surplus fund (market value)--------------Deposits subject to check------------------Certfs. of deposit (not p re f.), t i m e - .. Certfs. of deposit (not p re f.), demand Due trust com p an ies------------------------ Due banks and bankers-------------Due savings banks------------------------------Due savings and loan associations— Due as executor, administrator, & c .. Other liabilities________________________ stock-----------------------1,271,487 *229*922 9,710,863 281,464 189,316 150,575 6,185 60.005 142 lo ,3 5 7 243,716 $1,000,000 1,742,366 16,075,047 329,548 181,432 $1,000,000 1,646,773 16,123,129 463,906 188,206 2,581 62,291 28,426 42,580 169,644 199,868 34,365 25,132 86,540 Total_______ _______________________ $12,929,110 $19,633 ,915 $ 19,767 ,970 S u pplem en tary — ■ Total amount of Interest and commlsslons received during year--------------$859,450 ln t. credited depositors, same period447,581 Expenses of Institution, same period109,554 A m t. of dtvs. declared, same p e rio d -. 120.000 A m t. of dep. on which lnt. Is allowed- 10,161.000 . ____ ____ $954,496 460,896 06,948 120,000 16,519,500 $792,917 485,920 90,739 120,000 16,8 1 8 ,1 0 0 Fulton Trust Co. (New York). J a n . 1 ’ 07. J a n . 1 ’ 06. R esources — J a n . 1 ’ 08. $356,500 $199,500 Bonds and mortgages____ : -----------------$411,000 Stock and bond Investments: 1,784,655 1,612,475 591,112) Public securities (market value) — 1,185,167] Other securities (market value) — 6,373.401 5,242,309 3,655,071 Loaned on collateral___________________ 33.700 2,500 20,000 Bills purchased________________________ 1,144 596 32 O verdrafts_____________________________ 728,5721 Due from approved res’ ve depositories 545,066 Due from trust co’s, banks, bankers 590,851 -J and bro kers_________________________ 227,524 379,377 760,884 S p e c i e _________________________________ Legal tender notes and bills of na 15,170 30,922 5,220 tional banks............................................... 59,399 41,947 40,983 Other assets________ ____ _______ ______ T o ta l________________________________ $7,286,022 Liabilities— Capital stock_____________________ $500,000 Surplus fund (market value)_________ 707,182 Deposits subject to check____________ 4 ,036,410 Certfs. of deposit (not p re f.), tim e— 30,034 Certfs. of deposit (not pref.), demand 962,145 Due as executor, administrator, & c .. 118,593 Other liabilities________________________ 31,658 $ 8 ,541,675 $500,000 781,412 5,694,604 143.006 1,271,135 100,991 41,527 $500,000 709,700 6,341,588 32,952 1,385,394 66,721 31 023 T o t a l.____ ________________________ $7,286,022 S u pplem en tary — Total amount of Interest and commlsslons received during year-------------$412,900 lnt. credited depositors, same period217,491 Expenses of Institution, same period 64,933 A m t. of dlvs. declared, same p e rio d -. 50,000 A m t. of dep. on which lnt. is allowed. 5,845,152 $8,541,675 $9,0 6 7 ,3 7 7 $48.>,1G3 237,189 72,655 60,000 7,057,264 $ 9 ,067,377 „ $434,012 259,793 57.312 50,000 7.710.120 Guaranty Trust Co. (New Y ork). J a n . 1 ’07. J a n . 1 ’06. R esources— J a n . 1 08. Bonds and mortgages--------------------------$100,000 Stock and bond Investments: 14,130,524 2,068,023) 12,821.393 Public securities (market value) — 8.892 ,9 6 0 ] Other securities (market value)----18,808,221 Loaned on collateral----------------------------- 12,445,076 22,462,279 2,776,413 !,012,579 Other l o a n s ..-------------------------------------- 1 1,606,666 Bills purchase!------------------------ ------------J 60 248 O verdrafts-------------------------------------------3,942,451) Due from approved res’ve depositories 4,944,456 ) 6,769,088 Due from trust co’s, banks, bankers 2,345,515J 299,247 and brokers_________________________ 2,074,221 67,252 3,198,624 Specie .............- ------------- ----------------------Legal tender notes and bills of na 18,070 5.500 5,135 tional banks--------------------------------------Investments held as execut' r, adir.ln19,410 10,100 isrtator, guardian, & c. 7,309,750 8,407,486 Other assets____________________________ 3,659,784 T otal........................... .......... .-$ 3 7 ,2 3 0 ,6 8 4 $54,090,468 $49,879,397 L iabilities — Capital stock__________________________ $2,000,000 $2,000,000 $2,000,000 Surplus fund (market value) — -------6 ,413,342 6 ,316,954 6 ,063,927 Deposits subject to cheek_____________ 22,122,387 35.012,246 33,539,189 Certfs. of dep. (not p r e f.), tim e----------6,500 3,652 19,850 Certfs. of dep. (not pref.), demand ... 859,310 688,344 2.172.2S6 Due trust com p anies-------------------1,500,027 2,501,980 2,299,719 Due banks and bankers______________ 927,527 1,517,227 1,513,609 Due savings banks-------------- -----------------------------------194,182 Due as executor, administrator, & c. 2,745,773 2,291,301 652,324 Preferred liabilities_______ 10,100 19,410 ........... Other liabilities. _______ 645,718 1,790,353 1.424.311 ................$37,230,684 $54,090,468 $49,879,397 T o ta l_______________ S u pplem en tary — Total amount of Interest and commis $2,187,044 $2,383,440 sions received during year. - ........... - $2,305,957 ln t. credited depositors, same period1,180,758 1,076,941 1,496.407 Expenses of Institution, same period267,981 258,637 257,144 A m t . of dlvs. declared, same p erio d -400,000 400,000 4 0 0 ,000 A m t. of dep. on which lnt. Is allowed. 24,287 176 40,307,242 37,413,700 ;*98 THE CHRONICLE Co. (New York). Resources— Stock and bond Investments: Public securities (market value)___ Other securities (market value) Loaned on collateral_______________ Other loans and bills purchased-. O verdrafts_________________________ Real estate________ ______ __________ _ Due from approved res’ ve depositories Due from trust co’s, banks, bankers and brokers--------------------------------------Specie ------------------------------------------------Legal tender notes and bills of na tional banks___ ______________________ Cash item s________ __________________" " Other assets----------------------------------- Jan. 1 ’08. $331,750 In t. credited depositors, same period. Expenses of Institution, same perlod. A m t. of dcp. on which Int. Is allowed. $269,950 390,993 452,670 3,770,374 460,142 13 40,000 533,570 3 288,731 244,495 294 1 293,403 177,432 699,433 154,777 M . 108,568 J 72,261 15,290 3,716 90,407 53,940 2,749 67,923 27,982 61,095 54,376 $6,484,914 $5,670,421 T o t a l . . ________ _____________ 54,440,270 Liabilities — Capital stock ................................ $500,000 $500,000 Surplus fund (market value)............... 013 015 613,615 Deposits subject to check_____ 2 577 207 2,577,297 Certfs. of deposit (not p re f.), time ~ ’ 51,072 Cerfts. of deposit (not p re f.), demand 42,361 Due trust com p anies_________________ 275,442 Due banks and bankers_________ . . . I " 318,410 Due savings banks________ . . ' 14,573 Due as executor, administrator, &cl " 36,122 Other liabilities________ ____ . 11,378 Supplementary— Total amount of Interest and commls- Law yers’ Title Insurance & Trust Co. (New York)- -Con. Jan. 1 ’07. $311,000 222,182) 291,001] 2,083,700 441,336 30 27,000 457,363 5500,000 633,253 3,981,555 27,073 226,490 336,358 659,984 36,140 68,190 15,873 $500 000 3,503,367 122,527 390,106 423,11 4 118,084 16,432 18,142 $4,440,270 $6,484,914 $5,670,421 $242,924 99,843 100,712 2,998,423 $2S6,277 1 10,351 86,023 4,808,867 $203,652 80,770 74,172 4,152,419 Hudson Trust Co. (New York). Resources— Bonds and mortgages........ ........................................ Stock and bond Investments: Public securities (market value)............... Other securities (market value)_______ Loaned on collateral_______ Innn. Other loans. ________ Bills p u rchased_________________ I O v erd ra fts_____________________ Due from approved reserve depositories....................... Due from trust co’s, banks, bankers and brokers'" " S p e c ie ____________________________ Legal tender notes and bills o f national"banks Cash I t e m s _____________________ Other assets_________________ rar. 1 >no x n a 74 1 Jan. I ’07. $103,801 603 7461 ’5 0 0 i a at 4 ox “ “ I ’™ '?. 103,174) 6 2 9 ,8 9 0 / 813 91,050 82,956 45,075 55,571 37,220 15,199 T o t a l_______________________________ X2 ,332,340 LiabilitiesCapital s t o c k ________________________________ . . $1,000,000 Surplus fund (market value) . . I I I .. 154,764 Deposits subject to check________ ______ . " ' -. 802,642 Certificates of deposit (not pref.), t i m e .. -16,000 Certificates of deposit (not p re f.), demand -23,392 Due trust companies_______________________________ - 33,210 Due banks and ban k ers___________________ -118,077 Due savings banks_____________________________ -1,055 Due as executor, administrator, & c_______________” 2,700 Deposits preferred because secured by pledge of part of trust company a s s e ts ._____ ____________ 175,000 Other liabilities________________________________ 5,500 Total ....................................................... $2,332,340 Supplementary — Total amount of Interest and commissions received during year ------$143,395 Interest credited depositors, same period . 45 488 Expenses of Institution, same period........ " 3 o ’ ooo Am ount of dvldends declared, same period 7 1 ’323 A m ount of deposits on which Interest Is allow ed-1 699^600 1 072,109 ’ 753,511 1,035,660 3,944 194,611 91,649 62,005 40,368 10,024 7,495 53,375,178 51,000,000 18,557 1,482,194 57.500 33,418 56,090 623,857 15.500 65,000 23.05 $3,375,178 $79,136 15,709 38,029 Bonds and mortgages................................ Stock and bond Investments: Public securities (market value)___ Other securities (market value) Loaned on collateral___________________ Other loans and bills purchased_____ O verdrafts_____ _______________________ Due from approved res’ ve depositories Due from trust co’s, banks, bankers and brokers_______________________ Specie ................... Legal tender notes and bills of na tional banks________________________ Cash Items________________________ Other assets________________________ j an. 1 ’ 08. $366,750 132,830) 3 2 ,2 0 0 / 253,010 4 17 334 1,'264 189,731 16 125 25,230 Jan. 1 ’ 07. $271,750 Jan. 1 '06 $213,250 588,035 481,040 557,125 692,621 310,280 514,909 24,8911 166,521 J 9,233 331,586 13,079 16,325 540 25,883 45,188 24,035 19,644 38,685 13,600 14.062 T otal_____________________________ $1,477,772 Liabilities— Capital stock..................- ............................ $500,000 Surplus fund (market value)_________ 08,628 Deposits subject to check____________ 538,706 Certfs. of deposit (not pref.), tim e___ 300 Certfs. of deposit (not p ref.), demand Due trust companies ................................ " ?I840 Due banks and bankers_______________ 53,051 Due savings banks____________________ 27,195 Deposits preferred because secured by pledge of part of Trust Co. a s s e ts .. 281,930 Other liabilities_______ . . 12 2 $2,399,043 $1,931,391 $500,000 72.937 1,213,375 $500,000 58,455 699,053 2,960 15,800 65,986 568,360 20,776 $1,477,772 T o ta l................ Supplementary— Total amount of Interest and commis sions received during year__________ $104,695 Int. credited depositors, same period. 39,574 Expenses of institution, same period. 43,372 A m t. of dlvs. declared, same p e rio d .. 20,000 A m t. of dep. on which int. is allowed. 710,000 $2,399,043 $1,931,391 $97,801 33,857 37,110 10,000 1,637,488 $65,134 14.382 39,824 ’ 2",300 77,292 518,138 15.000 726,745 Lawyers’ Title Insurance & Trust Co. (New York). Resources— j a n . 1 ’ 08. Jan. 1 ’ 07. ‘ Bonds and m ortgages........... .................. $8,510,061 S8.471.093 $13,236, Stock and bond Investments: Public securities (market value)___ 4 26,550 ) 1,656,270 1,536,922 Other securities (market value) 0 0 2 ,7 3 5 J Loaned on collateral_______ 1,690,856 3,101,212 2,074,568 Real estate____________________ 2,263,431 2,125,696 1,598,479 Due from approved res’ ve depositories 896,512 1,093,925) Due from trust co’s, banks, bankers ) 1,052,487 and brokers____________________ 500 500 J Specie __________________________ H i l l 358,137 356,635 40.504 Legal tender notes and bills of na tional banks_________________________ 35,835 12,140 2,800 Cash Items_____________ _______ _______ 1,106 7,219 Investments held as executor, admin istrator, guardian, & c........................... 24,665 24,665 Other assets_____ ___________________ _ 387,193 544,454 750,424 Total...............................................$15,497,581 $17,380,594 $; 0,299,615 Liabilities— Jan . 1 ’08. Capital stock-----------------------------------------$4,000,000 5,856 574 Surplus fund (market value).......... ....... Deposits subject to check____________ 1 Certfs. of deposit (not p ref.), tim e___ Certfs. of deposit (not p re f.), demand Due trust com p anies_________________ Due banks and bankers_______________ Due savings and loan associations___ Due as executor, administrator, &c__ Deposits otherwise preferred_________ Preferred liabilities._____ _____________ Other liabilities. T o t a l . . . ..................................................$15,407,581 $17,386,594 $20,299 ,615 Supplementary— Total amount of Interest and commis sions received during year__________ $783,682 $1,058,160 $870,243 Int. credited depositors, same period. 216,917 251,432 255,377 Expenses of Institution, same period. 1,525,978 1,676,124 1,494,636 A m t. of dlvs. declared, same p e rio d .. 360,000 480,000 440,000 A m t. of dep. on which int..Is allow ed. 27,970.691 6,647,280 7,677,328 Lincoln Trust Co. (New York). Resources— j un. 1 ’08. Bonds and mortgages................................ $ 1 ,046,534 Stock and bond Investments: Public securities (market value)___ 213,480) Other securities (market value)___ 3 ,9 2 8 ,9 2 2 / Loaned on collateral___________________ 2,731,831 2 ,793,102 Other loans and bills purchased_______ Overdrafts ______________ 10,983 Due from approved tes’vc depositories 603,150 Due from trust co’s, banks, bankers and brokers_________________ 401.753 S p e c i e _____ ___________________ 198,270 Legal tender notes and bill's" "of" na tional banks__________________ 75,845 Cash Items............................... ......... II 21,277 Other assets____________ ______ 25,362 Jan. 1 ’07. $1,226,690 Jan. 1 ’06. $1,221,341 6 ,343,206 4 ,793,584 8,298,720 3,967,296 3,281 1,678,154 6,312,570 3,736,541 1,271 1 5-1,990,533 1,108,530 559,850 198,036 220,801 79.166 135,179 169,625 42,347 78,785 T-toMfjfcj " ------------------------ ------------$ 1 2 ,0 5 0 ,5 1 4 $23,620,063 $18,544,633 s , 000 non $1,000,000 Capital stock.......... ............. ........... $500,000 Surplus fund (market value) " " ’ 143,388 00,000 1,100,800 915,994 Deposits subject to c h e c k ... 5,098,636 15,981,050 11,838 985 Certfs. of depcslt (not p re f.), time ’ " 195,074 1,444,187 1 ,459,705 Certfs. of deposit (not pref ) , demand 700,168 1,398,920 1,417,918 Due trust companies ________________ 41,356 210,180 337,668 Due banks and bankers_________ 108,147 468,643 128,058 Due savings banks_____________ I I I I " 232,966 1,850,950 1,842,791 Due savings and loan associations 21 ,726 Due as executor, administrator, &c ". .. 106,716 33 493 37,225 Other liabilities---------------------- . 44,424,064 424 06 . 132,739 44,563 .512,050,51-1 $23,620,903 $18,544,633 Supplementary— otal amounts of Interest and commis sions received during year___ ______ $1,272,959 $1,115,905 $063,700 In t. credited depositors, same period. 798,829 658,613 464,415 Expenses of Institution, same period. 278,513 658,013 464,415 A m t. of dlvs. declared, same p e rio d .. 90,000 233,553 160,970 A m t. of dep. on which Int. Is allowed. 4,988,000 19,815,274 16,448,880 Resources— Bonds and mortgages_________________ Stock and bond Investments: Public secuirtles (market value)___ Other securities (market value)___ Due from approved res’ ve depositories Due from trust co’s, banks, bankers and brokers_____ _______ ___________ S p e c i e ____ ____________________________ Legal tender notes and bills of na tional banks.............................................. Other assets............................... ............. . . 1,382,110 Italian-American Trust Co. (New York). Resources— [VOL. LXXXYI ; Co. (New York). Jan. 1 ’08. $0,500 Jan. 1 ’07. $9,500 Jan. 1 ’06 $9,500 919,0001 5 ,3 3 2 ,8 7 7 / 3,944,101 1,279,887 7 ,049.462 7,139.472 4,987,849 2,857,579 7,299,043 232,840 471,130 277,718 1,000,500 H . 870,878 J 1,000,371 68.500 953,190 _______ 65,388 81 ,132 1 $13,210,825 $10,247,995 $17,400,995 Liabilities— Capital stock------------------------ ---------------- $ 1 ,000,000 Surplus fund (market value)_________ '1,735 — ,370 — Deposits subject to check____________ 7,528.180 Certfs. of deposit (not p re f.), tim e___ 106,924 Certfs. of deposit (not p re f.), demand 34,030 Due trust com p anies_________________ 726,193 Due banks anti bankers_______________ 236,541 Due savings banks________________ . . . 73,051 Due savings and loan associations___ Due as executor, administrator, & c._ 622,820 Other lia b ilities............................ ........... 1,147,716 T o ta l-------------- Supplementary- $ 1 ,000,000 2,649,761 8,879,079 273,928 38,302 1 ,734,703 422,215 36,500 5,218 455,808 752,422 $ 1 ,000,000 2,837,591 11.185,376 397,498 507,109 572,598 195,205 73,000 576 412,120 219,924 -------------------------- $13,210,825 $16,247,995 $17,400,995 Total amount of Interest and commis sions received during year. . . . .. Int. credited depositors, same period. Expenses of Institution, same period. A m t. of dlvs. declared, same period . . A m t. of dcp. on which, int. Is allowed $618,158 2 7 1 ,129 193,519 12 0 .0 0 0 7 ,745,055 $725,648 326,588 156,326 120.000 8,645,365 $702,015 343,019 151,662 1 10,000 12,166,960 Mercantile Trust Co. (New York). Resources— Jan. 1 '08. Jan. 1 ’ 07. Jan. I ’ 06. Bonds and mortgages............... ................. $1,784,750 $1,747,250 $1,399,576 Stock and bond Investments: 1,4 7 6 ,9 0 5 ) Public securities (market value)___ 7,393,034 9,003,318 6 ,5 6 1 ,1 9 3 / Other securities (market value)___ Loaned on collateral _________________ 19,830,883 27,468,196 37,641,430 Other loans and bills purchased_____ 360,000 111,029 Overdrafts ........................................... ......... 498 365 Real estate_____________ _______________ 18,500 69,500 69,500 Due from approved res’ ve depositories 1,771,480 3,582,798) Due from trust co’ s, banks, bankers 3,266,428 and brokers.. . 149,403 9,720 J Specie ----------------I 1,272^828 1,540,242 1,054,094 Legal tender notes and bills of na 1,500 tional banks_________________________ 3,850 1,700 Cash Items______________ I HI _ 645 930,104 4,144 Other assets_______________ I I I I I H I I I ___1,483,479 160,350 _________ _________ __ 139,704 T o ta l.......... .............................................$ 3 4 ,7 1 2 ,0 6 4 $43,016,442 $l^ ™ T "n (v i Liabilities— *04,070,903 Capital stock_______ . . ___ $2,000,000 Surplus fund (market value)_________ 7,296,211 Deposits subject to check____ ________ 17,989.580 Certfs. of deposit (not p r e f), tim e_________________273,500 Certfs. of deposit (not pref.), demand 229,900 Due trust companies _ ____ 208,194 Due hanks and hankers___ . _____ 1,416,963 Due savings banks_____ _______ 2,053,026 Due savings and loan associations________________ 7,324 Due as executor, administrator, & c _ . 1,008,737 Other liabilities________________________ 2,138,023 S i J & t o - - ----------------------------- $34,712,064 $ 4 3 , 0 1 6 ^ $52,579 ,003 Total amount of Interest and commlsslons received during y e a r ................ $2,337,533 $2,206 884 Int. credited depositors, same period. 999,428 1 064’ 252 Expenses of Institution, same period. 192,104 19 8 ’ 532 A m t. of dlvs. declared, same p e rio d .. 100,000 ooo’ooo A m t. of dep. on which Int. Is allowed. 21,388,000 2 7 ,5 2 2 3 0 0 $3001441 i 'm o ’d54 pVa’an* r.nn'nnn 3 9 ,5 8 8 3 0 8 THE CHRONICLE. F eb . 15 1908.] New York Life Insurance & Trust Co. (New York)— Con Metropolitan Trust Co. (New York). Resources— Jan. 1 ’ 08. Jan’ 1 ’ 07. Jan. 1 '0 6 . *965,500 Bonds and mortgages_________________ . *764,500 *928,000 Stock and bond Investments: 3,097,099 Public securities (market value)___ 4,233,389 1,449,1501 Other securities (market value)___ 1,841,300) 20,043,687 Loaned on collateral___________________ 10,566,910 28,432,246 1,372 O verdrafts--------------------------------------------222 2,273,1051 Due from approved res’ ve depositories5 3,034,140 Due from trust co’s, banks, bankers 1 3,940,422 and brokers_________________________ . 1 1 4 ,0 5 0 J 11,307 10,893 1,353,436 Specie _________________________________ . 1,362,256 Legal tender notes and bills of na 7,983 tional banks_________________________ . 26,300 26,500 407,642 Other a s s e t s --_____ ___________________ Liabilities— Capital stock__________________ Surplus fund (market value) _. * 2 5,219,569 *37,197,248 * 35,081,199 . Certfs. of deposit (not p ref.), tim e___. Certfs. of deposit (not pref.), demand[ Due trust com p anies___________ . Due banks and bankers________ . Due savings banks_____________ ______ . Due as executor, administrator, & c ... Other liabilities_______________ . *2,000,000 * 2 ,000,000 6,870,602 0,955,158 20,743,034 11,762,630 2,062,664 6 5 2 ,3 3 2 / 697,483 J 407,097 558,054 186,368 50,810 1,420,088 887,451 2,474,043 1,156,070 1,010,252 499,575 * 2,000,000 6,561,066 19,399,570 1,313,947 417,486 698,074 1,689,754 2,156,930 844,360 *25,219,569 *37,107,248 *35,081,199 Supplementary— Total amount of Interest and commls*2,038,833 $1,615,876 . *1,988,200 856,872 838,813 847,430 In t. credited depositors, same perlod. 144,825 138,014 158,055 Expcnscs of Institution, same period.. 360,000 420,000 360,000 A m t. of dlvs. declared, same p erio d ... 24,078,867 23,604,995 14.694,278 3o. (New York). Resources — Jan. 1 ’ 08. Jan. 1 ’ 07. Jan. 1 ’ 06. Stock and bond Investments: Public securities (market value)___. *1,868,2281 *0,880,003 *10,415,012 7,617,265 J Other securities (market value)___ 28,719,908 34,062,919 12,754,900 Loaned on collateral________ _______ _ 712,500 031,880 1,180,098 Other loans and bills purchased-------7 ,445,188] Due from approved res’ vc depositoriesi 5,948,626 Due from trust co’s, banks, bankers i 7 ,3 5 1 ,1 5 0 680,220 3 ,429,534 J and brokers_________________________ 1,895,910 1,948,670 Specie _________________________________ 43,455 Legal tender notes and bills of na 20,403 12,765 10,015 tional banks-------------------- -----------------127,400 141,126 41,092 Cash Items_____________________________ 1,279,197 232,020 Other assets_____ ______________________ 185,246 $32,904,709 *52,441,185 $53,326 ,787 Liabilities— Certfs. of deposit (not pref.), t l m c .. Certfs. of deposit (not pref.), demandl Due trust com panies--------------------------Due banks and bankers----------------------Due savings banks------------ -----------------Due as executor, administrator, & c ._ Other liabilities....................- ..................... *2,000,000 6,073,141 10,283,806 18,000 1,009,486 037,673 402,477 274,232 150,600 1,765,204 * 2 ,000,000 7,908,748 3 2 ,148,125 * 2 ,000,000 7,085,080 3 3 ,760,293 2,430,209 2,540,328 1,537,283 341,424 190,151 3 ,335,016 3 ,812,600 1,505,240 852,677 1,764,131 605,102 1,851,655 .* 32,9 04,709 $52,441,185 *53,320,787 Su pplementary — Total amount of profits during y e a r -.. *2,600,063 *2,770,369 *2,337,491 Int. credited depositors, same period . 1,226,834 1,006,807 1,349,667 expenses of Institution, same period . 247,194 233,089 265,101 A m t. of dlvs. declared, same period 400,000 400,000 400,000 A m t. of dep. on which Int. Is allowed. 18,491,000 33,513,000 36,117,740 ust Co. Mutual Alliance Trust Co (New York). ResourcesJan. 1 ’08. Jan. 1 ’ 07. Jan. 1 ’ 06. *271,025 *439,050 . *478,550 Stock and bond Investments: 635,730 440,0001 780,985 Public securities (market value)___ 2 0 0 ,1 1 5 / Other securities (market value)___ Loaned on collateral__________________ _. 1,549,567 2,650,450 3,289,201 1,122,811 Other loans and bills purchased_____ 1,122 1,758,190 1,721,539 O verdrafts______________________ 1,731 95 818 Real estate_______________________ 94,597 11,000 11,000 Due from approved res’ve depositories: 294,172 4 1 9 ,2 2 5 / 546,218 Due from trust co’s, banks, bankers ) 413,602 and brokers_________________________ 377,416 J 152,168 Specie _________________________________ 211,003 134,995 Legal tender notes and bills of na 30,795 tional banks_________________________ 35,280 72,485 6,161 Cash Item s_____________________________ 14,482 8,800 42,209 50,209 Other assets____________________________ 35,692 * 4 ,835,568 * 0 ,062,142 *6,8 7 3 ,7 5 5 *500,000 532,150 3,295,799 26,165 97,878 200,823 31,126 151,627 *500,000 591,272 4,842,892 87,471 168,785 253,234 14,902 203.498 *500,000 540,600 5 ,183,134 58,091 92,128 243,870 19,404 236,519 Total.......... ............................................. *4,835,568 Supplementary— Total amount of Interest and commlss'ons received during y e a r . . ---------*354,627 125,031 Int. credited depositors, same period. 130,650 Expenses of Institution, same perlod. A m t. of dlvs. declared, same period. . 40,000 A m t. of (lep. on which Int, Is allowed. 2,253,620 $0,662,142 * 0 ,8 7 3 ,7 5 5 $360,183 130,204 106,268 20,000 4,285,001 *350,781 150,806 106,661 L iabilities— Surplus fund (market value)_________ . Deposits subject to check------------------Certfs. of deposit (not pref.), demand Due trust com n anles_________________ Due banks and bankers............... ............ Due as executor, administrator, & c._ Other liabilities________________________ 4,450,734 New York Life Insurance & Trust Co. (New York). Jan. 1 ’08. Jan. 1 ’07. Resources— *3,195,307 Bonds and m ortgages_________________ * 3,634,496 Stock and bond Investments: 483,3251 11,340 788 Public securities (market value)___ 0 0 8 8 ,2 1 8 / Other securities (market value)___ 6,708,714 Loaned on collateral ____. . . ____ 8,259,256 6,053,195 Other loans and bills purchased______ 11,791,720 80,257 O verdrafts......................................... ............ 70,370 1 ,637,500 1 ,500,210 Real estate-------------------------------------------880,227 Due from approved res’ ve depositoriesl 2,070.661 1,549,665 Specie ---------------- --------- -----------------------1,700,000 Legal tender notes and bllb of na 237,385 tional banks.............................................. 300,000 1,810,069 2,078,613 Other assets— ............................................ $32,232,051 Jan. 1 ’06. * 4 ,125,157 11,878.189 9,382,664 10,191,884 53,373 1,0 )0 210 395,1 66 1,000,000 300,000 470,245 *42.307,017 $30,476 889 Liabilitlcs- SI ,000,000 3,348,034 Surplus fund (market, value)--------------Deposits subject to check...................... 19,556,817 3,401,999 Certfs. of deposit (not p re f.), tim e___ _______ Certfs. of deposit (not preL). demand Due trust com panies.............- ................ 140,733 Due savings b a n k s ---------- -------------------Due savings and loan associations___ 1,581,302 Due as executor, administrator, & c .. Other liabilities_________ _______ ______ 3,203,106 Total — 399 *1 ,000.000 4,14 l ,973 27,6 5 5 ,0 30 *1,000,000 4 ,358,064 25,448,204 3,463,741 500 000 290,067 10,000 1.829,563 3,476,013 3,539,672 #4,096 1 .974,493 3,071,460 -..$32,232,051 *42,307,017 *30,470 889 Supplementary— Jan. 1 ’ 08. Total amount of Interest and com m ls. * 1 ,8 9 8 ,5 0 4 In t. credited depositors, same period.. 1,262,725 Expenses of Institution, same period. 140,050 A m t. of dlvs. declared, same p e rio d ..450,000 - 2 4 ,GOO,655 Jan. 1 ’07. Jan. 1 *06. *2 ,026,832 1.068,920 138,532 450,000 33,078,602 *1,627,971 1,028,353 132,989 400,000 31,046,466 i Co. (New York). Resources— Bonds and mortgages----------------Stock and bond investments: Public securities (market value)___. Other securities (market value) . Loaned on collateral______________ . Other lo a n s .................... ....................... Bills purchased____________________ . O verdrafts______________________ _ Real estate______________ __________ Due from approved res’ve depositoriess Due from trust co’s, banks, bankers and brokers_________________________ Specie ---------------------------------------------------. Legal tender notes and bills of na tional banks_________________________ . Other assets-------------------------------------------. Jan. l ’08. *3 ,065.375 Jan. 1 07. *3 ,412,743 1,57 9 ,6 7 0 / 13,083,703 11,05 2,043 J 17,810.662 2 8 ,895,382 719,450) 2 ,589,742 1 ,4 5 0 ,0 0 2 / 1,131 -------- 4 ,481,364 5 ,2 6 8 ,0 3 6 / / 496,707 229.084J 1,233,267 1,540,517 68,960 1,099,495 31,335 3,749 Jan. 1 06. *3,071,700 13,736,747 31,634,861 1,596,486 172 63,000 4.937.723 237,321 14,270 4,450 .* 4 3 .0 6 2 ,9 9 5 * 5 5,065,022 *5 5 ,2 9 0 ,7 2 9 Liabilities— Capital stock________________________ . *3,000,000 Surplus fund (market value)_______ 10,090,234 Deposits subject to check________ 18,842,073 Certfs. of deposit (not p re f.), tlm e . 13,000 Certfs. of deposit (not p re f.), demandl 1,237,457 Due trust com panies_____________ ___ . 1,994,200 Due banks ana bankers______________ . 1,879,570 Due savings b a n k s ____________________ . 10,182 Due savings and loan associations___ 10,873 Due as executor, .administrator, & c .. 2,026,442 Deposlts preferred beeause secured by pledge of part of trust co. assets___ 270,000 Deposits otherwise preferred................. 1,662,437 Othci liabilities-------------------------- ---------2,700,927 S 3,000,000 10,451,025 28,126,782 1,496,782 1 38S.114 4,407,909 17,491 9,852 4 ,912,135 * 3 ,000,000 9,5 9 8 ,1 9 3 3 2 ,4 3 8 ,6 7 0 7 1,042 2,250 543 1,532,177 1 ,05S ,559 1,211,039 5,349 3 ,501,010 1,254,873 630,638 S 55.065.022 *5 5 ,2 9 6 ,7 2 9 Supplemnntary— Total amount of Interest and commis sions received during year.--------------- *2 ,6 7 9 ,8 7 3 90S,621 In t. credited depositors, same period. Expenses of Institution, same period. 274,693 960,000 A m t. of dlvs. declared, same p e rio d .. 24,837,735 *2,0 4 2 .6 8 7 1,094,607 196,430 690,000 3 5 ,5 9 8 ,2 9 0 * 2 ,0 2 8 ,6 5 2 1,3 2 1 ,0 2 0 204,331 600,000 37,235 410 Co. (New York). Jan. 1 ’ 08 Resources— *107,880 Bonds and mortgages---------------------------. Stock and bond Investments: 0 8 4,405 / Public securities (market value)___ 2 ,0 6 4 ,0 6 4 / Other securities (market value) — Loaned on collateral__________________ Other loans and bills purchased-----------. 402,055 Due from approved res’ve depositoriesJ 2,246,386 Due from trust co’s, banks, bankers and brokers_________________________ 116,310 513,380 Specie ---------------------------------------------------. Legal tender notes and bills of na 13,090 tional b a n k s.------------------------ -----------137,513 Other assets---------------------------------------- - Jan. 1 ’0 7 . *234,680 Jan. 1 ’06. S139.S05 3,526,771 3,257,031 1 1 ,489,542 10,426,548 513,323 431.546 2 ,6 3 8 ,6 5 3 / i 3 ,5 o 6 ,534 327,601 j 010,222 71,504 13,025 5,000 0,920 30.358 .* 1 0 ,4 4 5 ,1 1 7 *1 8 ,2 9 5 ,8 2 3 * 1 8 ,087,190 Liabilities— Capital stock---------------------------- ----------- *1,000,000 1 ,017,553 Surplus fund (market value)--------------6,284,230 Deposits subject to ch eck ..................... 53,760 Certfs. of deposit (not p re f.), demand 135,315 Due trust com panies........ ..............: ____ 183,010 Due banks and ban kers.......................... Due savings banks_________ __________ 681,886 350,440 Due as executor, administrator, & c .. 735,923 Othcr liabilities________ _______________ *1,000,000 1,400,000 12,015,145 230,383 1,166,408 510,366 431 ,088 654.910 878.404 * 1 ,0 0 0 ,0 0 0 1.2 5 0 ,0 4 4 1 3 ,2 8 5 ,0 6 8 331,941 1 ,326,457 437,550 422,305 330 220 603,598 -510,445,117 * 1 8,205,823 *18,9S7,190 Supplementary— Total .‘. mount of interest and commis S 8 26,040 *648,177 * 870,873 sions received during year------------399,882 545,243 Int. credited depositors, same period . 358,781 124,079 1 19,534 113,999 Expenses of institution, same period. 100,000 100,000 100,000 A m t. of dlvs. declared, same period. . 14,027,855 15,126,547 A m t. of den. on which Int. Is allowed . 6 ,4 4 6 ,1 2 0 'rust Co. (New York) Jan. 1 ’08. Ja n. 1 ’07. Jan. 1 ’06. Resources — Bonds and mortgages_________________ *13,804,251 * 1 3,139,064 *14,435,731 Stock and bond investments: 454,8001 Public securities (market value) . . 6 ,105,472 5 ,0 0 6 ,8 4 6 Other securities (market value)___ 3,600,891 ] Loaned on collateral_____________ _____ 8,148,470 13,700 413 14,265,150 1,433,275 1,779,733 Other loans and bills purchased_____ 1,681,371 488 O verdrafts_____________________________ . 357 363 1,870,708 1,553,738 1,927,229 Real estate- - v ---------------------------------- -Due from approved res’ ve depositories: 2,873,882 3,927,8311 Due from trust co’s. banks, bankers! 2 ,477,990 515,840 253,206 J and brokets-------------------------------------820,074 1,302,187 317,428 Specie -------------------------------------------------Legal tender notes and bills of na 320,055 tional banks------------------------------------ -469,093 49,110 43,172 2,765 Cash Items_____________________________ 25,937 973,362 813,361 827,798 Other assets........................... ....................... T otal------------------------------------ ----------.* 3 5 ,0 2 6 346 *43,836,412 * 4 0,076,732 L ia b ilities — *4,3 7 5 ,0 0 0 * 4 ,375,000 Capital stock-----------------------------------------. S4,375.000 7 ,932,638 7 ,722,575 0 ,766,276 Surplus fund (market value)--------------Deposits subject to check____________ 14,629,518) 2 1 ,509,533 21,321,985 1 ,0 2 0 ,1 0 1 / Deposits not subject to check________ 648,824 1 ,647,124 1 ,516,237 Certfs. of deposit (not p re f.), tim e___ 882,408 605,288 773,941 Certfs. of deposit (not p re f.), demand 201,374 73,535 798,135 Due trust com panies_________________ 02,155 99,811 Due hanks and bankers______________ 115,900 2 ,0 5 0 .1 4 4 1,937,033 2.784,240 Due savings b a n k s _________ _______ _ Due savings and loan associations___ 15,838 41 ,4 8 8 650,775 1,160,492 1 ,0 1 4 ,7 3 5 Due as executor, administrator, <*ec.. Deposits preferred because secured by 161,000 405,625 31S ,000 pledge of part of trust co. .assets— 3,757,719 1,144 ,184 Other lia b ilitie s................. ............. ......... 1 ,954,816 T o t a l - ......... ........................................... *3 5 ,0 2 6 ,3 4 6 * 4 3 ,836,412 * 4 0 .076.732 Supplem entary — Total amount of Interest and com m is * 2,247,365 * 1 ,8 8 9 ,6 9 5 sions received during year--------------- *1,9 8 5 ,8 7 5 925,606 782,484 808,219 Int. credited depositors, same period. 1,590,000 2,236,226 1,754,825 Expenses of Institution, same period. 700,000 700,000 700 000 A m t. of dlvs. declared, same p e r io d .. 21 060,484 28,551,618 27,570,015 THE CHRONICLE 400 Trust Co. of America (New York). United States Trust Co. (New York)— Con. Resources— Jan. 1 '08. Jan. X ’07. Jan. 1 '06. Bonds an m ortgages............... ................... $2,802,162 $2,944,254 $2,127,153 Stock and bond Investments: Public securities (market value) . . 258 400) 8,571.386 12,623,888 Other securities (market value)___ 9,050,753J Loaned on collateral----------------------------- 27,175,585 34,799,070 37,429,397 Other loans and bills purchased______ 3,804,070 ' 4,336.677 3,751,037 744 Overafts . 120 24 193 Real estate--------------------------------------------1,050,000 Due from approved res’ ve depositories 2,498 130 4,844,9591 Due from trust co’s. banks, bankers 8 ,049,066 524,624 3,026,989) and brokers--------------------------------------921,042 Specie ---------------------------------------------— 1,753.418 491,117 Legal tender notes and bills of na 61,015 tional banks____ ______ ______________ 64,610 106,555 3,523 Cash Items. 41.498 7,043 Other assets________ ___________________ 1,241,467 704,850 693.752 $48,401,515 $61,088,414 $66,353,101 Liabilities. $2,000,000 . 7,132,088 D eposits subject to check------------------- 11,945,391 400,0381 Ccrtfs. of deposit (not p r e f.), tim e___ 657.007] Certfs. of deposit (not p r e f.), demand. 148.933 Due trust com p anies--------------------------1 ,928,516 Due banks and bankers_______________ 6 6 7 ,4S6 Due savings banks - .......... - ___________ 37,575 Due savings and loan associations___ 4,914,687 Due as executor, administrator, & c .. 18,563,794 $2,000,000 10,741,671 35,379,381 3 063,630 $2,000,000 10,081,975 38,404,142 3,013,177 2,713,254 5,709,710 1.071,453 59,576 89,623 260,114 3.611 ,660 6,355,859 928,664 475,554 310,662 1,171,499 $ 4 8 ,4 0 1 ,515 $61,088,414 $66,353,101 Supplementary— Total amount of Interest and commis sions received during year_________ $3,400,140 $3,365,649 $1 ,931,703 1 ,628.440 1,501,095 In t. credited depositors, same period. l ,232,227 527,820 Expenses of institution, same period. 357,023 264,639 600 ,000 720,000 A m t. of dlvs. declared, same p e rio d .. 240,000 16,100,294 46,090,975 51,006,956 !o. (New York). Jan. 1 ’08. Resources— $241,875 Bonds and m ortgages._____ __________ Stock and bond Investments: 3.056,9311 Public securities (market valu e)___ 6,165,4651 Other securities (market value)___ Loaned on collateral___________________ 34,135,030 1.900.000 Real estate_____ __________ _____________ Due from approved I'es’ ve depositoriesi 4 ,152,167 Due from trust co’s, banks, bankers 33,005 and brokers--------------------------------------2,672,110 Specie _________ _______ _______________ Legal tender notes and bills of na 2 t ,560 tional banks________________ ______ 422,457 Other a sse ts-............... .............. ........... — Jan.X ’07. $466,125 Jan. 1 ’06 S5S7.400 10,255,929 14,182,289 38,254,541 1,900,000 4,101,1071 33,284,852 1 ,900,000 149,402 J 3,049,508 1,091,261 2,231,697 3,160 9,198 400 1,437 T o ta l.......... .................. ......................... $52,801,600 $58,189,031 $53,279,425 Liabilities— $1,000,000 $1,000,000 Capital s t o c k .________________ ________ $1,000,000 7,373,345 8,280,424 8,140 .085 Surplus fund (market valu e)--------------35,886,640 35,419,469 Deposits subject to c h e c k ........ ............ 31,251,623 3,507,862 4,532,053 4,597,604 Certfs. of deposit (not p r e f.), t l m e .. 47,500 126,786 101,786 Certfs. of deposit (not p r e f.), demand1 386,917 419,127 261,365 Due trust com p anies------------------------- . 314,238 431,760 157,261 Due banks and bankers--------------------3,903,736 5,445,426 2,544,612 Due savings ban ks-------- -------------------1,784,158 806,862 Due ns executor, administrator, A c- . 4 ,757,886 258,493 232,658 250,379 Other liabilities----------------------------------- . $52,801,600 $53,189,031 $53,279,425 Supplementary— Total amount of Interest and commis 32,538,259 sions received during year--------------- $2,729,161 $2,371,764 1,496,104 1.305,441 ln t. credited depositors, same period.. 1,451,251 309,790 Expenses of Institution, same period. 257,305 223,201 500,000 500,000 A m t. of dlvs. declared, same period. . 500,000 . 42,133,537 47,314,023 42,835,627 United States Mortgage & Trust Co. (New York). Resources— Jan. 1 ’08 1 ’07. Jan. 1 '06. Bonds and mortgages---------------------------. $8,817,718 $8,855,796 28,129 Stock and bond Investments: Public securities (market v a lu e ).. . 2,0 3 1 ,8 0 0 ' 1 . 3,795,902 ; 7,243,926 Other securities (market value) ... 9,889,308 20,119,601 Loaned on collateral............... — ............. 12,203,164 13,204,989 . 216,487 1,006,426 Other loans and bills purchased 187,909 917 1,095 Overdrafts --------------------------------104 4 ,4 4 9 ,728| Due from approved res’ve depositories5 4 ,755,894 Due from trust co’s, banks, bankers 4,119,811 ’ 1,488,110 1,876,472 J and brokers.......... ........................ 1,401,628 Specie _________________________________ . 1,581,635 2,430,992 Legal tender notes and bills of na 199,355 94,000 19,925 tlonal banks............... ........................— 21,498 2,049 Cash Items____________ __________ ______ . 4,889 734,045 1,041,470 Other assets____________________________ 867,709 $36,153,950 $45,784 ,767 $41,353,766 : T o ta l.......................... $36 Liabilities— $2,000,000 $2,000,000 Capital stock___________________________ $2 $2,000,000 4,30 1,575 4,838,928 4 Surplus fund (market value)_________ 4,549,889 21,148,630 Deposits subject to check------------------- 15,424,080 15 16,898,517 71,402 173,578 Certfs. of deposit (not pref.), tim e___ 195,557 713,283 1,782,475 Certfs. of deposit (not p re f.), demand[ 907,333 1,922,219 2,057,894 Due trust companies................ 11,267,568 2,027,171 2,747,437 2 Due banks and bankers................ 3,737,616 260,984 Due savings banks_______ _____________ 282,683 1,146 Due savings and loan associations___ 5,181 330,620 905,126 Due as executor, administrator, & c .. 232,825 127,247 Dtposlts otherwise preferred_________ 821,297 9,756,121 10.139,128 Other liabilities................... 9 9,664,974 $36,153,950 $45,784,767 $41,353,766 : Supplementary — Total amount of Interest and com $2,073,992 missions received during the y e a r .. $2,128,135 $1,950,104 803,080 697,558 Int. credited depositors, same period. 802,903 317,731 316,909 Expenses of Institution, same period. 351,580 400,000 430,000 A m t. of dlvs. declared, same p e rio d .. 440,000 26,981,268 A m t. of dep. on which lnt. Is allow ed- 17,964,132 24, t90 ,912 United States Trust Co. (New York). Resources— Jan. 1 ’0 8 . Jan. 1 ’07. Jan. 1 ’06. Bonds and mortgages_____ ___________ $3,245,250 $3,529,250 $4,306,000 Stock and bond Investments: Public securities (market value)___ 3,005,9301 Other securities (market v a lu e )___ 6 ,0 7 6 ,7 4 0 / 10,573,220 10,845,010 Loaned on collateral----------------------------- 33,936,881 40,711,350 36,988,050 Other loans and bills purchased_____ 5 ,3 1 8 ,0 2 6 2,532,975 6,867,645 Real estate---------------1,000,000 1,000,000 1,000,000 Due from approved res’ v e depositories 6,824,357 4,495,198 6,139,614 S p e c i e ........ ........................................ ............ 3 ,350,000 ............. Legal tender notes and bills of na tional banks_________________________ _______ 2,500,000 Other assets____________________________ 432,841 439,355 536,045 Total---------- [V o l . UCXXVI ................ $63,190,025 $65,781,348 $66,682,363 Liabilities— Capital stock .............................. Surplus fund (market value)--------------Deposits subject to check------------------Certfs. of deposit (not p re f.), tim e----Due trust com panies--------------Due banks and bankers............. - ............ Due savings ban k s____________________ Due as executor, administrator, A c . . Deposits preferred because secured by pledge of part of trust co. assets— Other liabilities___________ Jan. 1 ’08. $2,000,000 13,034,416 22,988,728 12,886,990 1,204,611 577,788 3,187,474 6,307,360 Jan. 1 ’07. $2,000,000 12,910,041 23,538,154 16,877,828 1,912,568 324,543 2,111,987 4,915,574 150,000 852,658 100,000 1,090,653 T o ta l..............................................................$ 63,190 ,025 Supplementary— Total amount of Interest and com missions received during the y e a r .. $3,737,139 Int. credited depositors, same period. 1,817,918 Expenses of Institution, same period. 218,022 A m t. of dlvs. declared, same p e rio d .. 1,000,000 A m t. o fd e p . on which Int. Is allow ed- 44,933,285 Jan. 1 ’ 06. $2,000,000 12,655,330 2 0 ,793,055 2 0 ,062,214 2,226,250 101,288 2,491,532 5,249,447 1,103,248 $65,781,348 $66,682,363 $3,411,572 1,610,538 207,062 1,000,000 48,631,483 $2,856,704 1,498,594 181,210 1,000,000 4 9 ,855,944 Washington Trust Co. (New York). Resources— Jan. 1 ’0 8 . Jan. 1 '07. Jan. 1 '06. $683,100 $941,650 $569,225 Bonds and mortgages_________ ______ _ Stock and bond Investments: 583,680 ] Public securities (market value)___ 1,276,860 J 1,537,474 Other securities (market value)___ . . 1,262,250 7,797,900 Loaned on collateral___________________ 4 ,991,000 4,991,000 9,350,500 186,000 113,620 Other loans and bills purchased______ 225,000 995,797 912,073 Due from approved res’ve depositories 779,323 505,705 Specie --------------------------------------------------330,995 104,728 Legal tender notes and bills of na 5,715 tional banks_______ __________________ 4,000 Other assets____________________________ 160,000 T o ta l________ _______ _________________ $9,051,328 $11,970,241 Liabilities— $500,000 Capital stock__________________________ $500 ,000 1 ,081,406 Surplus fund (market value)_________ 963,818 7 ,237,083 Deposits subject to check____________ 5,396,973 915,900 Certfs. of deposit (not p re f.), tim e___ 552,233 Certfs. of deposit (not p re f.), demand 774,811 704,268 Due trust companies_________________ Due banks and ban kers._____________ 10,420 ~ 2 ,2X2 1,415,864 Due savings b a n k s ................ ............. . . 678,241 Due savings and loan associations___ 1,135 26,758 Due as executor, administrator, & c .. 79,946 8,000 Other liabilities...................... ..................... 167,502 T o ta l............... ............................................. $9,051,328 $11,970,241 Supplementary — Total amount of Interest and commis $613,532 sions received during the year_____ $580 ,632 323,077 Int. credited depositors, same period. 307,860 71,732 Expenses of Institution, same period. 81,961 A m t. of dlvs. declared, same p e rio d .. 60 ,000 60,000 A m t. of dep. on which lnt. Is allowed. 10,334,618 7,169,010 $500,000 977,417 7,211,865 724,545 928,510 2,019 l,9 0 7 ’, l i 3 35,959 7,600 $469,332 300,120 68,279 60,000 10,777,672 Van Norden Trust Co. (New York). Resources— j an. 1 ’0 8 . Jan. 1 ’0 7 . Jan. 1 ’06. Bonds and m ortgages. . . _____________ $1,231,338 $615,200 $1,035,988 Stock and bond Investments: Public securities (market value)___ 298,100) Other securities (market value)___ 1,834,478 1,2 14,025J1 1,593,205 Loaned on collateral____________ . _2,076,650 3,954,890 4,101,100 2,115,698 2 ,165,605 Other loans and bills purchased_____ 1 [869.*928 1,869,928 Overdrafts _____________________ ______ 262 3,719 597 Due from approved res’ve depositories 280,108 416,827 ' 1 Due from trust co’s , banks, bankers . 2 ,672,412 and brokers_________________________ 7 4 9,2 7 3 j 520,488 S p e c i e _________ _______________ : ______ 41,527 33,211 677,098 Legal tender notes and bills of na tional banks________________ . ._ 394,751 61,205 667,608 Cash Items_________________ ___________ 149,813 381,073 Other assets____ _______ _______________ 161,182 127,676 150,331 T o ta l_____________________ ___________ $8,238,507 $1 1,297,940 $12,058 ,916 Liabilities— $1,000,000 Capital stock________________________ _ $1,000,000 $1,000,000 1 ,514,724 1 ,411 ,746 1,465,806 Surplus fund (market value)_________ 2.841,321 5,740,451 5,029,537 Deposits subject to check____________ 882,905 1,180,363 256,345 Certfs. of deposit (not p re f.), tim e___ 106,053 5 3 0 ,2 1 1 1,176,995 Certfs. of deposit (not p re f.), demand 214,553 86,378 159,335 Due trust companies___________________ 1,193,184 917 ,970 1,132,522 Due banlra and bankers_______________ 35,140 222,193 581,144 Due savings banks____________________ 36,962 Due as executor, administrator, etc . Deposits preferred because secured by 125,000 150 ,000 pledge of part of trust co’s a s s e ts .200 ,000 Deposits otherwise preferred_________ 740,482 100,027 563,418 Other liabilities____ ______ $8,238,507 $11,297,940 $12,058,916 Supplementary— Total amount of Interest and commls slons received during year_________ Int. credited depositors, same period. Expenses of Institution, same period. A m t. of dlvs. declared, same p e rio d .. A m t. o fd e p . on which lnt. Is allow ed. $463,187 197,362 215,528 100,000 4,450,000 $563,264 209,867 215,325 100,000 6,441,562 $569,576 191,585 200,764 80 ,000 6,573,293 3o. (New York). Jan. 1 '08. Jan. 1 ’07. Jan. 1 ’06. Resources— $520,000 $776,000 $515,000 Bonds and mortgages.............................. Stock and bond Investments: 111.0001 Public securities (market value). . 4,122,396 4,136,131 1,865,527] Other securities (market value) . . . 0,529,423 3,810,324 Loaned on collateral__________________ 4,458,310 195,197 207,800 148,452 Other loans and bills purchased___... 1 ,004 201 564 Overdrafts -------- ----------------------- ---------1,287,901 1 1,279,828 Due from approved res’ve depositories 1,065.939 Due from trust co’s, banks, bankers 388 .930 J 198,470 and brokers________ _______ ___ _____ 404,880 20,110 Specie ................. .......................................... 152,980 Legal tender notes and bills of na 212,845 188,507 tional b a n k s .......................................... 238,430 202 41,058 Cash Item s____ _______ _________________ 146 178,983 498,078 Other assets.......... ...... ....................... ......... 149,455 $13,841,707 $10,537,779 T o ta l.......... ......... ........................................ Liabilities— $1,000,000 Capital stock................................................ $1,000,000 $1,000,000 215,925 000,556 703,520 Surplus fund (market value)_________ 9,351,391 7 ,479,036 Deposits subject to check . ___________ 4 ,950,816 183,640 7,520 Certfs. of deposit (not p re f.), tim e___ 62,245 347,878 Certfs. of deposit (not p re f.), demand 347,393 315,406 403,648 Due trust companies___________________ 375,972 512,870 488,113 333,946 Due banks and bankers. . ...................... 24,356 144,149 Due savings banks____________________ 141,861 54,930 line savings and loan associations___ 1,723,698 1,341,039 3,021 Due as executor, administrator, & c .. 336,185 164,980 Other liabilities________ ______________ 89,680 Su pplementa ry— Total amount of Interest and commis sions received, during year________ In t. credited depositors, same period. Expenses of Institution, same period. A m t. of dlvs. declared, same p e rio d .. A m t. of dep. on which lnt. Is allowed $9,325,141 $13,841,707 510,537,770 $641,069 313,205" 1,36,595 60 ,000 7 ,067,000 $581,648 311 ,771 124,890 60 ,000 11,348,023 $392,376 197,354 07,586 30 ,000 8 ,649,806 Feb . 15 1908 p t x m c t a r .B l ® THE CHRONICLE. m n m c x t m l % n g l l s W ^ t x o s (F r o m o u r ow n C o rre sp o n d e n t.) London, Saturday, F ebru ary 1 1908. The rise in high-class securities which has been' going on since New Year’s Day has made further progress this week and there are many who think it is likely to continue. It is possible, of course, that the budget which will be introduced early in April may be disappointing, and therefore may give a check to the rise. If it is not, there is every reason .to look for a steady recovery in high-class securities and espec ially in the securities of the British Government. There is also a steady investment in Paris. Speculative securities are avoided there just as they are in London. The invest ment is chiefly in Russian bonds. In London, there is very active buying also for French account of American notes, American railway bonds, South American securities and the like. Furthermore, the French banks are buying English bills in very large amounts. In Berlin business is quiet; still, there is a fair amount of investment. The various federal governments and munici palities are borrowing and the public is applying for the bonds fairly well. All sorts af speculative securities, for the time being, are neglected, but for really sound securities there is a good demand. Money is still scarce and dear and will continue so for a considerable time, firstly, because not only the federal governments and municipalities but the Imperial Government also need large loans; and, secondly, because the banks have given an undue amount of accommo dation to their customers and have not yet been able to liquidate those accounts sufficiently. Still, all danger of serious trouble in Germany now appears to be over, and gradually, no doubt, the banks will be able to reduce the very large loans which they have given. At home trade has unquestionably received a check. But the best opinion continues to be that the check will not be very serious nor will it last long. Still, the check is causing money to flow back to London. Consequently, the Stock Exchange is able to obtain all the accommodation it requires on very easy terms, and business, therefore, is steadily in creasing. Even this week, when the final settlement of the month has been going on and when the banks have been calling in loans from the bill bi’okers, as they always do at the end of the month, the supply of accommodation was fairly satisfactory. There has been some borrowing, no doubt, from the Bank of England, but not as much as might have been expected considering that the collection of the revenue is now going on at a very rapid rate. As yet, in vestment is largely confined to really sound securities. The demand for British railway stocks has been checked by the unsatisfactory dividends. All well-informed persons knew beforehand, however,'that the dividends would be un satisfactory, firstl3 r, because the price of coal was so high that it greatly increased the cost of working; and, secondly, because the threatened strike which hung over the com panies for the larger part of last year compelled the com panies to increase wages. Now that the price of coal is falling and that a settlement has been arrived at with the employees,it is hoped that the position of the railways will steadily improve. The directors of the Bank of England have made no change in their rate af discount this week. It was recognized as un likely that they would do so, for while rates are falling all over the Continent,yet the rate of discount of the Imperial Bank of Germany remains at 6% . It is undeniable that the gold reserve of the Imperial Bank is too low and requires to be replenished. But the very fact that it does require to be replenished makes it probable that if the Bank of England were to lower its rate further while the German rate is as high as 6 % ,gold would be withdrawn. It is true that we can now afford a considerable loss of gold. Still, it is to be borne in mind that we have to dispatch a good deal of the metal to South America—probably not less than 3 millions sterling—and it is also not to be forgotten that London will have to repay nearly 3 millions sterling to the Bank of France. Therefore, from the point of view of the directors of the Bank of England, it does not seem advisable to put down the rate of discount while the rate of the Im perial Bank remains as high as 6%. The India Council offered for tender on Wednesday 80 lacs of its bills and the applications amounted to 243 lacs at prices ranging from Is. 3 29-32d. to Is. 3 31-32d. per rupee. Applicants for bills at Is. 3 29-32d. and for telegraphic transfers at Is. 3 15-lGd. per rupee were allotted about 32% of the amounts applied for. The following return shows the position of the Bank of England, the Bank rate of discount, the price of consols, &c., compared with the last four years: 1908. Jan. 29. £ 28,025,310 8,834,433 42,099,114 14,332,130 25,836,791 23,932,840 38,508,150 1907. Jan. 30. £ 27,858,405 9,121,793 42,239,006 15,458,516 29,240,178 24,841.091 31,249,496 1906. Jan. 31. £ 28,473,600 8,021.092 45,342,008 13,939,473 34,877,082 22,736,130 32.761,730 1905. Feb. 1. £ 27,558,165 7,421,161 42,640,571 10,308,041 25,471,399 26,402,665 35,510,830 1004. Feb.- 3. £ 28.125.200 6.784,402 42,916,168 19,234,361 24,705,421 23,931,410 33,606,700 Circulation................ Public deposits___ Other deposits_____ Govcrnm’t securities Other securities___ Reserve,notC3 &coln Coin&bull.,both dep Prop, reserve to lia bilities........... p. c. 5053 48 5-16 4213 5213 4S 5 Bank rate......... p. c. 1 4 ‘ 4 3 87 Consols, 2)3 p. c . . . 86 0-16 83 88 9-16 9013 Silver........................ 2553 d. 31 5-1 Od. 30 3-10d. 27 15-10d. 2553d. Clear.-house returns 220,047,090 210,570,000 289,938,090 300,588,000 242,643,000 401 The rates for money have been as follows: Jan. 31. Bank of England r a t e ........... 4 Open Market rate— Bank bills— 3 months____3)3 @353 — 4 months____ 3)3 — 6 months____ 4 @4)3 Trade bills— 3 months____ 4@4<* — 4 months____ Interest allowed for deposits— By Joint-stock banks_____ 213 By discount houses: At c a ll_________________ 253 3 7 to 14 days............... - Jan. 24. 4 Jan. 17. 5 4 3-16 4)3 @ 4 3-16 353 353 3)5 4 @ 4 )3 4® 4 4 453 @ 5 4M @ 5 Jan. 10. 6 4 9-16 4)3 @453 4% 5@ 5 )3 5@ 5 )3 213 313 4 253 3 313 ^ 353 4 ^ 413 The Bank rates of discount and open market’ rates at the chief Continental cities have been as follows: Jan. 30. Jan. 23. Bank Open Rales of Bank Open Interest at— Rate. Market. Rate. Market. P a ris...................... . . . 3 3 3 253 Berlin...................... . . . 6 413 613 413 Hamburg................ . . . 6 613 413 413 Frankfort.............. . . . 0 613 413 453 4 Amsterdam ......... . . . 4 313 313 Brussels________ . . . 5 5 413 4-13 Vienna .................. 5 4 7-16 4 7-16 St. Petersburg___ . . . 613 nom. 713 nom. M adrid__________ - - - 413 413 413 413 Copenhagen _____ - - - 7 7 7 Jan. 17. Jan. 10. Bank Open Bank Open Rate. Market. Rate. Market. 313 353 313 313 613 513 713 4% 613 513 713 413 6 U 4 13-16 413 713 5 5 453 453 5 6 453 5$ 5 5 453 413 713 nom. 713 nom. 413 413 413 413 8 7 8 7 The quotations for bullion are reported as follows: GOLD. Jan. 30. Jan. 23.1 SILVER. Jan. 30. London Standard. s. d. s. d. i London Standard. d. Bar gold, fine, oz____ . 77 9 77 9 |Bar silver, line, oz__ .25 9-16 U. S. gold, oz............. . 76 5 76 5 I “ 2 mo. delivery___ .25 11-16 German gold coin, oz. . 76 5 76 5 ICalte silver, oz______ .27 9-16 French gold coin, oz. . 76 5 76 5 |Mexican dollars_____ .nom. Japanese yen, oz____ . 76 4 76 4 ! Jan. : d. 25 11 26% 2753 nom. The following shows the imports of cereal produce into the United Kingdom during the season to date, compared with previous seasons: IMPORTS. Twenty-one weeks. 1907-08. 1906-07. 1905-06. 1904-05. Imports of wheat...................cw t.35,931,900 33,943,000 34,342,600 42,388,100 Barley ...................................... 14,452,20011,905,30011,861,500 11.872,800 Oats................................ ..................... 4,194,800 4,841.800 5,231,400 5.4S2.600 Peas _______ __________ _______. . 908,420 933,470 936,285 974,791 Beans_____ _______________ _______ 573,540 464,850 428,890 717,080 Indian corn______ _______________ 19,798,000 20,335,800 17,771,900 17,841,300 Flour ............... .......... .......... .......... .. 6,392,800 6.013,200 6,724,600 4,868.120 Supplies available for consumption (exclusive of stock on September 1): 1907-08. 1906-07. Wheat Imported......................cwt.35,931,900 33,943,000 Imports of flour-.............................. 6.392,800 6,013,200 Sales of home-grown _ .............. 14,293.072 12,236,733 T o t a l ....... .......................... Average price wheat, week.............. Average price, season............. ........ 1905-06. 34,342,600 6,724,600 16,319,970 1904-05. 42,388,100 4,868,120 7,477,298 56,627,77252,192.93357.387,170 54,733,518 35s. 6d. 26s. Id. 28s. 5d. 30s. 5d. 34s. 3d. 26s. 3d. 27s. lOd. 30s. 3d. The following shows the quantities of wheat, flour and maize afloat to the United Kingdom: iccek. 3,340,000 299,000 445.000 T h is W heat......... ............................... qrs. Flour, equal to......................... qrs. M aize.......................... ...............qrs. week. 2,750,000 385,000 440,000 L ast 1907. 1.805,000 185,000 640,000 1906. 1,985,000 320,000 605,000 English Financial Markets— Per Cable. The daily closing quotations for securities, &c., at London, as reported by cable, have been as follows the past week: London, Week ending Feb. 14. Sat. Mon. Tues. Wed. Sliver, per oz__________ _ .d . 26V3 26 9-16 26)3 26 7- 16 Consols, new, 213 per cents.. 87 1-10 SO53 80 15-1 6 87 1-15 For account___ _____ 86 15-1(9 87)3 87K 87)3 French Rentes (In Paris). _fr. 96.60 9G.57 ^ .96.77)3 96.87 53 Russian Imperial 4s________ 8153 84 84)3 S3 53 do do New 53 __ 93)3 93)3 92J3 Amalgamated Copper Co____ 5053 49 49)3 49)3 6 Anaconda Mining C o .......... 653 613 6)3 6)3 Atchison Topeka & Santa Fe 72’ 3 70)3 70)3 7053 Preferred ............................ 89 89 87)3 87)| Baltimore & Ohio........... ........ 83 7953 8153 8053 Preferred .......................... .. 85 85 85 Canadian Pacific...................... M953 14953 14953 Chesapeake & Ohio________ 20 27)3 28)3 27)3 Chicago Great Western_____ 4)3 4 3)3 3)3 Chicago Mllw. * St. P a u l... 114 1 12 110 109)3 Denver Rio Grande, com .. 20)3 20 19)3 19)3 Preferred _____ 58 50 55 56)3 Erie, common_____ 14)3 14)3 1453 1455 First preferred........... ........ 3 153 31 29)3 29)3 Second preferred________ 21 21 21 21 Illinois Central_____________ 131 130 127 127)3 Louisville & Nashville........... 99 95 94)3 94)3 Mexican Central...................... 18 17)3 17)3 Mo. Kan. & Texas, com____ 22)3 20)3 20 "2053 Preferred _______________ 56)3 55)3 55 National RR. of Mexico____ 48)3 4S 47 N. Y . Central & Hud. Rlvcr. 99 97 97)3 97)3 N. Y . Ontario & W estern..-. 33 32 31)3 31 Norfolk & Western, com____ 66)3 64 63 63)3 Preferred ............................. 82)3 82)3 83 82)3 Northern Pacific...................... 12653 125)3 12053 a Pennsylvania....... .......... ...... 57?3 57 57 '5653 a Reading Co........................ .. 51)3 49)3 48 48)3 a First preferred__________ 42 42 42 a Second preferred.............. 40 40)3 40)3 Rock Island Co........................ 12 11)3 11)5 Southern Pacific............... .. 7053 '69)3 6953 Southern Railway, common. 1053 10)3 10)3 10)3 Preferred ......... ................... 33 32 31)3 31)3 Union Pacific, common_____ 121)3 117)3 118)3 117)3 86 Preferred ............................. 85 83 86 28)3 28)3 2 153 2753 Preferred ......... ............ ...... 93)3 93 9253 9253 Wabash ................................... 9 9 8)3 8)3 16 Preferred....... ..................... 10 16 15 42 Extended 4s_________ . . . 4353 o Price ner share, ft £ sterling, ( C o m m e r c ia l a n d Thurs. Frl. 26 >3 26 5-16 86 15-10 8653 87 1-16 87)3 96.87)5 97.10 84)3 8413 93 935-3 49 49)3 6)3 6)3 7053 6853 87)5 87 80 S0)3 85)3 85)3 14953 14753 28 28 'A 4 353 109)3 109 20 55)3 H 14 29)3 21 127 94 18 21 55)3 46)| 97 31 64 82)3 12 1)3 5653 48)3 42 40)3 11)3 70)3 10)3 32 119 83 2853 93 53 8)3 15 41)3 20 49)3 14)3 29)3 21 127 91 18 20)3 55 40 96)3 31)4 63)4 82)3 122 56)3 4S)| 42 40)3 12 70)3 10 31)3 11753 83 28 93)3 8)3 16 41)3 1s c c l l i x u e o x t 5 i \ c 1 0 3 Auction Sales.— Among other securities the following, not regularly dealt in at the Board, were recently sold at auction: By Messrs. Adrian H . Muller & Son: Stocks. | Stocks. 130 Borough Bank of B k ly n .$855 lot j 15 Mutual B ank______________ 251 5 Guardian Trust C o-------------155 I lo F >urth Xatl mal B ank_____1S0)3 1 Free Right In New York ; 13 Dayton (O.) N at. B a n k -..1 4 0 ) 5 Society Library-------------5116 j 20 Mechanics’ & Traders’ B k . 43 'A 15 German-American Ins.C o. 107 n o Carnegie Trust C o ____ 130-157 >4 4 German Alliance Ins. C o - . 190 i Bonds. 25 Chase Natl mal Bank. - - .2 1 0 . 55,000 Ohio & Little Kanawha R R . 100 SharonRy.C o.,S50 e a .$ 5 7 per sh. Co. 1st 5s, 1950, M .& S . 103 '{ & Int 35 Realty Bank. & Tr. Co. o f $10,000 Texas Southern R v . Co. W ashington, D . C -------$75 lo t: 30-year 1st 5s_________________ 10)3 THE CHRONICLE 402 Breadstuffs Figures Brought from Page 431.— The state ments 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 Aug. 1 for each of the last three years have been: Receipts at— Chicago____ Milwaukee.. Duluth......... Minneapolis. Detroit_____ Cleveland__ St. Louis__ Peoria......... Kansas City. Tot.wk.’OS Same wk. '07 Same wk. '06 Wheal. Flour. Corn. Oats. Barley. Rye. 4,161,483 5,596,870 4,271,594 2,680.987 2,429,262 3,327,633 S45.140 1,044,098 1,722,644 Total receipts of flour and grain at the seaboard ports for the week ended Feb. 8 1908 follow: Philadelphia......... Baltimore................ Richmond......... .. New Orleans * ____ Newport News____ Norfolk.................. Galveston................ Mobile...................... Montreal.................. St. John.................. Flour, bbls. 120.38S 20,435 6,171 49,151 43,685 3,047 15,002 29.204 10,107 Wheat, bush. 163,000 133,505 323,497 59,500 34,842 57,970 2,318 1,922 18,829 Corn, bush. 574,050 84,336 Oats, bush. 133,500 40,260 237,933 1,307,452 63,978 430,300 80,619 55,478 44,098 47,500 110,000 81,621 187,000 5,550 387,299 ............ Barley, bush. 254,092 Rye bush. 42.900 8,000 41,565 1,000 9,110 18,005 ____ ........... 8,090 — 3,247 5,916 409,551 300,720 Total week_____ 320,259 1,374,613 2,972,220 78,015 079,9S2 Week 1 9 0 7 ........... 285,252 70,471 931,196 2,385,343 14,719 : Receipts do not Include grain passing through New Orleans for foreign ports on through bills of lading. Total receipts at ports from Jan. 1 to Feb. 8 compare as follows for four years: Receipts of— Flour................................ bbls. 1908. 2,163,170 1907. 2,152,418 1900. 1.900.537 1905 . 1,540,803 W h e a t............. .............. bush. 10,115,005 C o r n ................................... 12,300,012 Oats ...................................... 4,458,401 Barley 813,824 Rye .............. 028,488 10,185,493 14,081,903 4,732,389 794,707 107,191 10,904,950 30,012,480 10,720,884 3,175,280 285,924 2,141,751 22.921,300 3,572,680 809,800 07,013 Total grain............................ 28,310,390 30,501,683 01,105,530 29,572,550 The exports from the several seaboard ports for the week ending Feb. 8 1908 are shown in the annexed statement: Exports Jrorn— New York----------Portland, Me____ Boston__________ Philadelphia-----Baltimore........... .. New Orleans____ Newport N e w s... Galveston_______ Mobile___________ Norfolk.................. Port Arthur-------St.John, N. B . . . Corn, Wheat, bush. bush. 167,710 487,122 323,497 51,149 231,367 73,982 10,000 22.000 1,035,324 48.000 417,711 267.840 483,954 5,550 81,021 90,000 387,299 Flour, bbls. 53,142 0,171 26,510 26,742 4,487 13,809 29,204 11,057 2,318 10,107 Oats, bush. 8,170 60 309 Rpe, Barley, bush. bush. _____ 17.491 ......... 41,565 21.428 51.429 I _____ 90,348 ......... 47,481 52,187 IS',829 Total week____ 1,879,125 2,319,007 202,382 Week 1907........... 1.190,612 2,528,420 170,042 Peas, bush. 3,042 2,157 710 5,916 8,539 90,842 5,909 35,609 The destination of these exports for the week and since July 1 1907 is as below: -Flour---------Wheat-CornSince Since since Week July 1 Week July 1 Week July 1 Feb. 8. 1907. Feb. S. 1907. Exports Jor iccek and Feb. 8. 1907. bush. bush. bush. bush. since July 1 to— bbls. bbls. United Kingdom.. . 108,495.4,209,637 1,243,592 46,200,531 1,007,400 15,5S1,499 035,533 388)38,604 1,212,940 15.552,703 Continent.................. 51,503 1,632,522 ........... 283,343 2,249 179,350 So. Sc Cent. Amer. 6,094 475,103 ......... .. 19,007 33,140 942,363 West Indies_______ 20,352 861,240 ........................... .. 1,200 50,024 Brit. No. Am. Cols.. 400 47,735 ______ 83,850 ---------21,710 Other countries____ 15,532 203,627 Total................. ..202 ,38 2 7,489,854 1,879,125 85,591,995 2,317,007 32,330,055 Total 1906-07______ 170,042 0,903.373 1,190,012 64,930,304 2,528,429 30,793,498 The visible supply of grain, comprising the stocks in granary at the principal points of accumulation at lake and seaboard ports Feb. 8 1908, was as follows: Wheat, bush. New York...........................2,131,000 Boston............................. 1,200,000 Philadelphia........... .. 729,000 Balt lmore......... .............. 532,000 New Orleans......... ........ 143,000 Galveston................. 375,000 Montreal______________ 82,000 Toronto.......................... ........... Buffalo....... ..................... 2,027,000 “ afloat............. 2,504,000 Toledo......... ................... 790,000 D etroit............................ 323,000 Chicago........... ................. 6,294,000 379,000 Milwaukee.............. Fort William.................. 4,028,000 Port A r th u r................. 3,028,000 “ afloat............. 649,000 Duluth......................... 7,364,000 Minneapolis___________ 8,045,000 St. Louis-----------1,801,000 Kansas City.................... 2,872,000 Peoria......... ..................... 13,000 Indianapolis.................... 247,000 On Mississippi River......................... On Lakes............................................ On Canal and R iv e r... --------- Com, bush. 618,000 91,000 252.000 2,251,000 953.000 424.000 09.000 Feb. 8 1908. .46,276,000 Feb. 1 190S . .46,711,000 Feb. 9 1907- .44,567,000 Feb. 10 1906. .47,790,000 Feb. 11 1905- .38,098,000 F e b .13 1904. _3S,218,000 Feb. 14 1903. .48,970,000 8.126,000 6.542.000 8.169.000 15.327.000 10.504.000 7.764.000 10.490.000 Total Total Total Total Total Total Total Oats bush. 499.000 4,000 85.000 151.000 144.000 Rye, bush. 243,000 582.000 167.000 386.000 153.000 225.000 426.000 831.000 375.000 323.000 991.000 2,658,000 185.000 30.000 984.000 45.000 Barley, bush. 208,000 21,000 221,000 159^666 0,000 455.000 455.000 216.000 52.000 2,135,000 274,000 94.000 80,000 "5'.666 10,000 207,000 21,000 Books Closed. Days Inclusive. Imports and Exports for the W eek.— The following are the imports at New York for the week ending Feb. 8; also totals since the beginning of the first week in January: 95,716 107,007 160.821 Since Aug. 1 1907 -08 ... 10,220,848 154,845,781 111,515,933 109,222,305 46,722,042 4,954.554 1906 -07 ... 12,081,576 150,318,694 109,912,345 118,426,272 46,249,777 5,046,900 1905 -06 ... 11,719,958 167,526,919 109.204,626 142,855,868 57,977,246 5,930,826 Receipts at— New York________ Boston----------------- When Payable ’ s',666 05.000 202.000 — 2,881,900 2,075,120 2.780,642 Per Cent. Name o1 Company. 80V.666 341.000 — — D IV ID E N D S . The following shows all the dividends announced for the future by all large or important corporations: Dividends announced this week are printed in italics. Railroads (Steam) 3 Mch. 2 Holders of rcc. Feb. 1 Baltimore & Ohio, common...................... Mch. 2 Holders of rec. Feb. 1 2 Preferred ______________ _____ ______ 2 Holders of rec. Feb. 15 Mch. 3 Boston cfc Maine, preferred (No. 36)_____ Feb. 15 Holders of rec. Feb. 5 Buffalo Rochester & Pittsburgh, com . . 2A Feb. 15 Holders of rcc. Feb. 5 3 Preferred ......... ....................... ................ 1 3 April Canadian Pacific, com m on.............. .. 1 April Common (extra).......................................... ’A 2 * April 1 Preferred....... ............................................ 4 Holders of rcc. Feb. 20 Mch. Chestnut IHll (quar.) ........................ .......... 1A Feb. 20 Hblders of rec. Feb. 3 Chic. St. P. Minn. * Om., com. Sc pref. 3A to Mch. 1 2 Feb. 16 Men. Cln. N . O. & TexasPac., pref. (quar.)... IX 2 Holders of rcc. Feb. 7 Mch. 1 Clove. Cln. Chic. Sc St. L., com________ 2 Holders of rec. Feb. la Mch. Clove. Lorain & Wheeling, common____ 2A 2 Holders of rec. Feb. 10 Mch. Cleve. Sc Pittsburgh, orlg. guar. (quar.). IX 2 Holders of rec. Feb. 10 Mch. 1 Special guar, betterment (quar.) Feb. 29 Holders of rec. Feb. 14 Delaware <fc Bound Brook (quar.)............ 4 Feb. 2 1 Holders of rec. Feb. 1 1 Ft. Worth & Denver City stamped stock. . . Holders of rec. Feb. 1 Illinois Central............................................. 3 A Mch. 2 Holders of rec. Feb. 7 Mch. N. Y . Chicago <fc St. Louis, 1st pref____ 5 2 Holders of rec. Feb. 7 Mch. Second preferred........... 0 Feb. 19 Holders of rec. Feb. 4 Norfolk & Western, adjustment, pref.. 2 to Feb. 19 Feb. 25 Feb. 14 North Pennsylvania (quar.)...................... .. Feb. 20 Holders of rcc. Feb. 10 Oswego Sc Syracuse, guaranteed........... .. 4A 4 Holders of rec. F'cb. 20 Phila. Germantown <fc N orristoten (quar.). 3 Mch. 2 Feb. 15 Holders of rec Feb. 5 Pitts. Cln. Chic. & St. Louis, common.. Reading Company, first preferred......... 2 Mch. 9 Holders of rcc. Feb. 20 Rome Watertown <&Ogd.. guar (quar.). 1 A Feb. 15 Holders of rec. Jan. 131 1 Southern Pacific, common (quar.) (No. 6) 1 A April to Meh. 15 Union Pacific, common (quar.).................. April 1 Feb. 27 2A to Mch. 15 Preferred................................... ................ 2 April 1 Feb. 27 Utica cfc Black River..................................... 3 A Mch. 30 Holders of rcc. Mch. 15 Vandalia........................................................ 2 a Feb. 15 Holders of rcc. Feb. 5 Street Railways. to Meh. 3 American Railways (quar.)............. .......... Mch. 16 Mch. 1 1A to Feb. 10 Boston Elevated............. : . .............. ........ 3 Feb. 15 Feb. 1 Columbus (O.) R ’/.. common (quar.). . . . . 2 1 lolders of rcc. Feb. 15 Mch. 1 ’4 of Holders rcc. F'cb. 3 Columbus Ry. & Light.............................. 15 Feb. A to Feb. 15 Connecticut Ry. & Ltg., rom. (assent'g) l Feb. 15 Feb. 1 to Feb 15 Common (non-assenting) 15c. Feb. 15 Feb. 1 to Feb 15 Preferred .............................. ..................... Feb. 15 Feb. 1 1 to Feb. 20 Georgia Ry. & Electric, com. (quar.).. 1 A Feb. 20 Feb. 10 2 Feb. 20 to Mch. 2 Kansas City Ry. it Light, pref. (quar.) . . . Mcli. IX 2 Holders of rcc. Feb. 10 Philadelphia Company, pref...................... Mch. 2A to Feb. 29 1 Feb. 19 Mch. Susquehanna Ry. Lt. Sc Power, p re f... 2A Twin City Rap. Tr., Minn., com. (qu.)__ Feb. 15 Holders of rcc. Feb. 1 IX Banks. Twelfth W ard............................ .................. Melt. 20 Holders of roc. Dec. 20 3 MiscellaneousAmalgamated Copper (quar.).................. Feb. 24 Holders of rec. Jan. 23 A to Feb. 20 l Feb. 20 Fob. 15 American Chicle, common (monthly).. 2 Feb. 21 to Mch. 2 American Coal....... ....................... ................. Mch. 2 Feb. 16 to Mch. 2 Mch. 4 American Cotton OH. common.................. 1 Holders of rcc. Feb. 29 April American Express......................................... Amer. Graphoplione, pref. (qu.) (No.51) % Feb. 15 Holders of rcc. Feb. 1 to Feb. 26 \vK Feb. 26 Feb. 7 American Locomotive, common (quar.). to Mch. 31 1 Mch. 31 Mch. 22 American Radiator, common (quar.)__ to Mch. 31 Mch. 31 Mch. 22 Common (ext ra)......... ................ ............ 2 to Feb. 15 Feb 15 Feb. 9 Preferred (quar.)......... ........................... IVi to Mcb. 2 1 A Mch. 2 Feb. 22 Amer. Smelters Securities, pf. A (quar.) to Mch. 2 Feb. 22 2 1 y k Meh. Preferred B (quar.)__________________ to April 2 Mch. 3 IK April American Sugar Ref., com. cfc pref. (qu,). to Mch. 1 1 Feb. 15 Mch. Amer. Teleg. C Cable, guar. (q u a r,)... to Mch. 11 Feb. 10 American Tobacco, com. (quar.)........... 2 A Mch. to Mch. 1 1 2 Feb. 10 Mch. Common, extra__________ _ 1______ 2A to Mch. 2 2 Feb. IS 2 Mch. Barney cfc Smith Car, preferred (quar.)__ to Feb. 28 3 y2d Feb. 28 Feb. 18 British Columbia Packers' Ass'n, pref.. Cambria Steel................................................ W i Feb. 15 Holders of rec. Jan.31a 1 Mch. 16 Holders of rec Teh. 18a Consolidated Gas. N. Y . (quar.)............. iu Mch. 16 Holders of rec Mch. 5 duPont(E.f.)deNemours Pow., com. (qu) 1 Holders of rcc. Feb. 29 Eastman Kodak, common (quar.)......... 2 A April 1 Holders of rec. Feb. 29 April Preferred (quar.)____________________ 1A to Feb.2 0 Fay (J ■A .) cfc Egan, common (quar.)___ 1 % Feb. 20 Feb. 12 to Feb. 20 12 Pieferred (quar.)...................... ................. IK 'Feb. 20 Feb. to Mch. 1 Feb. 16 1 29 Feb. General Asphalt, pref. (No. 5)................ Holders of rcc. Feb. 21 1 Mch. General Chemical, com. (quar.)........... .. of rcc. Feb. 5 Holders 15 Feb. Jefferson & Clearfield Coal & Iron, pref. 2^ to Mch. 1 1 Feb. 21 Mch. Kings County Elec. Lt. cfc Power (quar.).. .» to Fob. 19 9 Feb. 19 Fell. Knickerbocker Ice. preferred (No. 1 9 ).. 2 rcc. F’cb. 18 2 Holders of Mch. Mahoning Investment......... ....................... Montreal Lt..IIt.& P. (quar.)(No. 2 7 ) .. V A Feb. 15 Holders of rec. Jan. 31 1 14 April 15 Holders of rcc. Mch. 28 National Biscuit, common (quar.)............. 1 April 15 Holders of rcc. Mch. 28 Common (extra)......................................... IK Feb. 20 Holders of rcc. F’cb. 15a Preferred (quar.) (No. 4 0 ) . . .................. to Feb. 24 Feb. 15 Feb. 5 National Carbon, pref. (quar.).................. IX ' National Enam. cfc Stamp., pref. (quar.). 1 1 April 1 Feb. 1 to Feb. 14 !' Feb. 15 New England Telop. Sc Teleg. (quar.).. to Meh. 20 1 y2x Mch. 20 Mch. 13 Nltes-Bement-Pond, com______________ to Feb. 16 1 1 Feb. 15 Feb. 9 Preferred (quar.).....................................' Feb. 25 Holders of rec. Jan. 20 People’s Gas Light Sc Coke, (quar.)......... vA to Feb. 20 Feb. 12 20 Feb. Pittsburgh Brewing, common (quar.)......... IK to F’cb. 20 1 Yl Feb. 20 Feb. 12 Preferred (quar.)_____________________ to F'cb. 16 114 Feb. 15 Feb. 9 Pratt Sc Whitney, pref. (quar.).............. to Feb. 25 IK Feb. 26 Feb. 6 Pressed Steel Car, pref. (quar.) (No. 36) 3 Feb. 15 Holders of rec. Jan. 31a Procter Sc Gamble, common (quar.)-----Feb. 15 Holders of rec. Jan. 31 2 Pullman Co. (quar.) (No. 164)................ 4 V A April 15 Holders of rec. Apr Quaker Oats, common (quar.)........... .......... u April 15 Holders of rcc. April 4 Common (extra)......................................... Feb. 29 Holders of rcc. Feb. 20 Preferred (quar.)....................................... iA to Mch. 9 Quincy Mining (quar.) (No. 4 3 ) . . . ......... >1 50 Mch. 23 Mch. 4 15 Holders of rec. F'cb. 10 Railway Equip. Corp. (mthly.) (No. 117). 1 A Feb. 15 to F ’cb. 15 Feb. 11 Feb. Stlversmlths Company (quar.)................. 1A 1 - Feb. 15 Holders of rec. Dec. 31a Union Bag Sc Paper, pf. (quar.) (No.35) to Fob. 16 1 Feb. 15 Feb. 3 United Bank Note Corp., com. (quar.). l K Mch. 1 Holders of rec. F’cb. 28 United Cigar Mfrs., preferred (quar.)----2 Feb. 11 to Mch. 1 U.S.Cast I.Plpe&Found.,pf.(qu.)(No 29, IK Mch. to April 20 U. S. Steel Corp.. com. (quar.) (No. 17) A Mch. 30 Meh. 17 Feb. 0 to Meh. 29 1 Feb. IK Preferred (quar.) (No. 27).................. . . - .................. _ _ IK Feb. 15 ------— United States Telephone, pref. (quar.). . a Transfer books not closed, d For period from Nov. 20 1905 to May 20 1906. x 3 % declared. 1A % payable Mch. 20 and l>j% J u n e 20. bbls.lOfilbs. bush. 60 lbs. bush. 56 lbs. bush. 32 lbs. bushASlbs. bu. 56 lbs. 2,300,023 101.510 208,650 1,255,500 308,800 26,000 107,000 51,700 111,000 139,200 168,000 12,600 561,096 48,271 53,040 1,046 169,640 1,324,400 203,940 197,800 40,070 13,000 199,300 25,500 19,703 170,015 3,400 42,855 1,330 26,691 294,605 58,921 276,000 55,960 642,400 436,800 84,500 8,000 24,100 46,000 144,700 310,500 33,000 8,000 346,500 123,200 108,500 345,140 227.570 326,567 [VOL. LXXXVI. 1 __ —____ _______. m -KTiAWr A'lYTJTcr 9.528.000 9.524.000 11.511.000 '20,327,000 17.803.000 8.758.000 5.143.000 13.000 99.000 2,000 372,000 3,091,000 30,000 ' V,66o 923,000 1.032.000 1.623.000 2.389.000 1.814.000 1.119.000 931,099 5.299.000 5.497.000 2.017.000 4.828.000 5.378.000 4.614.000 2.038.000 For the week. 1908. . 1907. 1900. 1905. Dry Goods....................I .......... General Merchandise............. $3,010,081 8,319.058 $3,255,720 12,203,220 $3,331,565 10,534,194 $3,292,784 14,450,849 T o ta l..................................... Since Jan. 1. Dry Goods.............................. .. General Merchandise_______ $11,333,139 $15,458,940 $13,865,759 $17,743,033 $18,928,759 40,560,523 $23,656,5S2 74,848,903 $21,779,958 61,950,601 $19,515,472 68,984,129 $05,495,282 $98,505,485 $83,730,559 $88,499,601 Total 6 weeks...................... 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. 8 and from Jan. 1 to date: THE CHRONICLE. F eb . 15 1908. ] 403 New For the week............................. Previously reported................ Total 6 weeks...................... 1905. 1908. 1907. 1906. 518,430,799 79,970.368 514,109,756 60.420,402 513,238,613 64,112,531 59,327,214 48,769,015 598,401,167 574,530,158^ S77.351.144 858,096,229 specie at the port of New York for the week ending Feb. 8 and since Jan. 1 1908, and for the corresponding periods in 1907 and 1906: E X P O R T S A ND IM PO RTS O F SPECIE A T N E W Y O R K .__________ Great Britain......... France .................... Germany ......... — West Indies.............. M e x i c o ....... ............ South America-----All other countries. Total 1908. Total 1907. l’otai 1906. Silver. Great B ritain............. France ......................... Germany .................... West Indies....... .......... Mexico ............. .......... South Am erica--------All other co u n tr ie s ... 525,500 578,925 501,975 504,475 5527,475 43,500 5583,400 1,374,085 1,053,875 5795,862 54,070,476 350 105 1,458 5797,718 54,082.032 3,389,250 533,87" 8,068,114 1,452,845 523,156 19,770 94,607 8604,933 331,754 327,415 14,468 Total 1908. Total 1907Total 1906. 55,725,995 436,005 259,277 53,251 20,872 19,305 36,347 320,299 144,980 59,879 57,125 Of the above imports for the week in 1908, $340,281 were American gold coin and $14,468 American silver coin. Of the exports during the same time $525,500 were Ameri can gold coin a n d _______were American silver coin. Statement of New York City Clearing-House Banks. The detailed statement below shows the condition of the New York City Clearing-House banks for the week ending Feb. 8. The figures for the separate banks are the averages of the daily results. In the case of the totals, however, a departure was made with the statement for le b . 8, so that in addition to the averages for the week the actual figures at the end of the week are now given. W e o m it tw o c ip h e r s Ban ks. 00s o m i t t e d . C a p it a l. S u rp lu s. (00) Loans. A verage. 8 5 5 19,815,0 3,27.8,8 2 .0 0 0 ,0 Bank of N. Y . . 23,950,0 3,236,6 2,050,0 Manhattan C o. 17,820,0 1,672,8 2 ,0 0 0 ,0 Merchants’ -----25,059,0 3,750,1 3,000,0 Mechanics’ -----24,425,9 4,631.9 1,500,0 A m e r ic a ........... 7,263,0 524,3 1 ,0 0 0 , 0 P h e n lx .............. 25,000,0 24,282,9 176,755,4 City ........... 32,704,0 5,708,7 .3,000,0 Chemical---------6,159,4 555,8 600,0 Merchants’ E x . 9,347,3 2,423,9 1 ,0 0 0 , 0 G allatin............ 1,863,5 300,0 148,9 B utch.& D rove. 4,890,7 723,2 500,0 G reen w ich ____ 33,174,0 4,858,4 5,000,0 Am er. E x c h .. . Commerce......... 25,000,0 15,287,4 146,100,1 8,805,3 2,384,1 3,000,0 M erca n tile____ 3,073,0 823,4 500,0 Pacific .............. 5,511,4 1,055,3 450,0 Chatham......... .. 1,697,4 470,4 2 0 0 ,0 People’s ______ 58,916,5 9,022,6 3,000,0 H a n over______ 20,662,3 1,216,4 2,550,0 Citizens’ C e n t.. 4,190,5 364,9 500,0 N a ssa u .............. 7,047,0 1,581,7 1 ,0 0 0 ,0 10,358,3 1,033,2 2 ,0 0 0 , 0 37,277,0 5,069,5 3,000,0 26,410,9 7,428,6 1,500,0 Im p. & Traders’ 68,643,0 9.337,5 3,000,0 P a r k .................. 1 ,2 2 2 , 8 125,0 250,0 East R iver-----21,393,0 3,370,4 3,000,0 F o u r t h ............. 10,038,0 1,636,0 1 ,0 0 0 , 0 Second ............. 1 0 ,0 0 0 ,0 19,533,9 109,756,0 First ................. 16,911,3 1,234,3 2 ,0 0 0 ,0 Irving Nat. Ex. 2,924,0 785,0 ‘ 250,0 Bowery ......... 7,267,2 1,113,7 500,0 N. Y . County . 3,073,7 750,0 026,0 German -Amer. 5,252,9 73,157,8 5,000,0 Chase................ 1,924,1 12,537,* 1 0 0 ,0 Fifth Avenue. 3,618, £ 2 0 0 ,0 879,4 German E x ch . 966,9 5,173,2 200 ,C G erm an ia------1,131,2 . 13,825,5 1 .0 0 0 ,0 Lincoln ______ 0,4.80,1 1,389,* 1 ,0 0 0 ,0 Garllcld--------431,2 3,018,8 250,0 Fifth ................ 1,743,1 10,140,1 1 ,0 0 0 , 0 M etrop olis__ 3,831,0 705,7 2 0 0 ,0 West Side-----17,910, ( 1,533,1 1 ,0 0 0 .0 Seaboard_____ 14,315,t 2,424,7 1 ,0 0 0 ,1 Liberty --------5,278,1 646,1 . • 1 ,0 0 0 ,1 11,357,( 858,0 1 ,0 0 0 .0 State ____ 377.4 3,398,5 . 1 ,0 0 0 ,0 In a ll ca se s. S p e c ie . A ve rage. L e g a ls . D e p o s it s , a R e s ’v e . A ve ra g e. A ve rag e. 5 5 % 5 764,0 19,009,0 27.0 4,382,0 8,624,0 1,419,0 29,725,0 13.7 18,604,0 28.4 3,S40,0 1,452,0 29,074,0 34.1 8,415,0 1,525,0 20,756,0 27.9 5,378,3 2,109,5 75,0 6 ,0 1 2 , 0 2 0 .0 1,491,0 51,110,1 2 , 1 0 0 ,0 170,524,5 31.2 33,629,8 20.5 6,897,5 2,012,3 6,046,4 23.2 1,098,4 306,9 510,3 7,415,3 26.1 1,428,1 80,5 1,972,3 28.2 470,7 5,330,6 27.0 394,5 1,051,6 26,074,5 25.1 4,SOS,8 1,697,3 21,353,0 10,903,7 125,301,4 25.7 4,225,4 2 0 . 1 142,6 963,1 3,219,8 38.4 383,5 856,5 5,566,2 28.0 785,8 773,0 2,047,0 37.0 51,6 706,4 71,010,8 29.7 13,980,9 7.126,7 20,027,2 2 8 .3 321,3 4,861,7 592,3 4,323,6 23.9 444,5 8,009,8 28.9 605,0 1,711,4 101,4 9,056,1 2 0 .2 1,854,8 46,878,0 31.2 11,080,0 3,544,0 24,585,0 27.6 5,236,0 i , 553,0 75,986,0 2 0 .2 16,535.0 3,403,0 1,472,8 30.7 148,3 305.0 22,732,0 28.1 4,923,0 1,476,0 10,424,0 26.8 404,0 2,399,0 95,959,0 25.2 23,157.8 1,043,5 15,996,9 25.4 2,562,2 1,505,1 3,440,0 23.7 8 8 ,0 730,0 6,985.9 22.9 534,3 1,068,8 3,529,4 29.0 168,3 855,8 75,271.3 24.3 16,415,0 1,940,1 14,086.6 27.1 2,459,2 1,364,8 4,360,6 22.7 760,0 230,0 5,784,8 2 1 . 2 365, C 862,1 15,074,8 24.4 2,719,1 1,103,8 6,115,8 23.7 224,1 1,230,1 3,169.9 26.2 232, l 609.7 10,234,5 27.1 l,178,b 1 ,0 0 2 ,'? ■1,169,0 23.7 274,( 717,1 21,840,0 29.4 938,1 5,490,( 12,875,7 26.3 857,1 2,540,1 0,137,9 28.4 1,507,8 177,1 12,630,0 20.5 2,396,( 171,( 3,559,9 27 240.4 747,5 Totals, averagee 124,350,0 159,561,1 1139,755,7 254,081,3 60,097,0 1137,384,5 27.6 a Actual figures t his morn n g........... 1135,737,8 252,154,7 61,146,8 1131,691.0 27.7 1 In accordance with the announcement made by Mr. Clark Williams, New York State Superintendent of Banks, in his recent annual report, all institutions under his supervision are now required to submit weekly reports of condition to the Department. These statements were furnished last Saturday for the first time, and the Superintendent has had compiled from them a summary in which is included the figures for all State banks and trust companies in New York City (all boroughs) that are not members of the Clearing House Association. He has also prepared a statement show ing the condition of State banks and of trust companies out side of Greater New York. All of these figures are given in the following table, together with the totals for the Clearing House banks, the averages for the week and the actual figures for the beginning of business on Feb. 8. 5 5 78,776,659 119,859,447 79,588,058 124,372,875 29,832,175 27.62% 30,378,750 27.70% 19,156,596 13,910,552 15.6% 18% 1 53,413,212 198,815 7,500 1,479,314 5291,330 141,288 8,801 293,329 51,644 192,537 498 5352.273 79,838 70,417 B a n k s ', i t 5 5 5 770.262.S00 Loans________ 1,135,737,800 1,139,755,700 38,271,300 254,081,300 252,154,700 Specie ............. 60,097,000 al0,754,700 61,146.800 Legal tenders. .727,643,700 Gross deposlts. Net deposits.. 1,131,691,000 1,137,384,500 6613,478,526 183,022,300 313,301,500 314,178,300 Reserve h e ld .. 284,346,125 25% of deposits 282.922,750 S u rplu s____ Reserve to dep. S in c e J a n . Y . S t a t e B a n k s & S t a t e B a n k s ; T r u s t C o ’s ; A ve ra g e A ve ra g e T r u s t C o 's : A v . w eek e n d in g w eek e n d in g w eek e n d in g A c t u a l F l g ’r e s A v . w e e k e n d . Feb. 8 . Feb. 8. Feb. 8 . Feb. 8 . Feb. 8 . Im p o r t s . E xp orts. O u t sid e o l G re a te r N . Y o r k C it y . C le a r in g - H o u s e Includes bankinotes4H& After eliminating the Item “ due from reserve deposi tories and other banks and trust companies in New York C ity.” N o t e __"R eserve held” includes, for both trust companies and State banks. cash items and amounts due from reserve agents, and In the case of trust companies also includes municipal bonds. State banks In New Y ork City arc required by law to carry a reserve amounting to 15% of deposits, while outside of New York City only 1 0 % is required which reserve In both cases need not be more than one-half In cash. Trust companies In Greater New York are required to keep a reserve of 15% , o f which onlyi5% lneed be In cash and 5% more m ay be In municipal bonds, while In thcJcaselof the.trust companies In the rest of the State the required reserve Is 10% , of which only 3 % need be In cash and 3 % more m ay be In municipal bonds. a Reports of Non-Member Banks.— The following is the statement of condition of the non-member banks for the week ending Feb. 8, based on average daily results: W e o m it tw o c ip h e r s Su r p lu s. C a p i t a l. Loans, D i s c ’i s and In v e s t m e n ts. (00) a l l c a s e s . _____________________ In D e p o s i t w it h Legal Tender and Bank N o te s. S p e c ie . O ther Net B a n k s , D e p o s it s . & c. C le a r in g A ge n t. N. Y. City. B o ro u g h s o) M a n .& B rx . 98,0 32,3 27,1 392,3 204,2 271,0 117,0 366,6 146.5 490,8 512,0 525,0 366,0 843,1 421,3 1,510,0 1,016,0 97,3 2,727,3 70,2 5,444.0 105.9 10,186,2 6 ,0 1 1 , 0 107,0 4,415.0 4,116,6 2,254,8 1,689,0 182,7 127,0 55,5 284.8 42,7 102,7 2.34S.6 170,9 593,5 595,0 269,6 24,0 5,913,1 2,019,3 2,044,1 2,256,7 1,351,8 116,0 52,0 26,8 49,4 192,3 56,9 41,8 97,0 1,887,8 1.668,7 1,000,0 382,1 758.5 860.0 937,8 629,3 2,370,5 5,060,5 9,639,4 5,529,0 3,061,0 400.0 250.0 1 194.5 730,2 345,5 125,0 603,9 192.5 Total— Nat. b’ ks 3.397.0 Statcfbks. 4.350.0 6,173,5 0,459,9 B o rou gh ol B r o o k ly n . Broadway . Mfrs.' N at. Mechanics’ . Nassau Nat. Nat. C ity.. Jersey City First* N a t.. Hud Co.Nat Third N at. SH obokcn B Flrst&Nat.. Second Nat Total Fob. 300.0 200.0 500.0 250.0 200 0 300.0 100.0 100,0 750.0 100.0 500.0 200.0 200,0 150.0 252.0 750.0 300.0 200.0 & 220,0 8 ,8 300,7 406,0 42.7 7,1 209,7 2 1 .1 55,4 23S.0 163,0 375,4 42,5 691,0 7,0 114,1 5 49,0 95,4 251,6 354,0 30,3 193,7 34.1 294 ,7 294,3 155,0 58,0 250,0 449,6 2 1 0 ,0 5 5 840,0 1,341,8 4,344,5 5,435,0 876,7 2,856,1 2,631,0 3,112,7 4,635,9 3,712,0 1,721.7 5,093,6 3,814,9 4,265,0 1,036,0 737,1 5 138,0 78,0 616,7 514,0 122,7 113,5 360,4 523,3 162,1 667,0 207,8 380,2 172,9 691,0 176,0 39,9 896,0 1,109,2 3,101,3 4,720,0 953,8 3,417,1 2,087,0 2,713,2 3,971.3 3,287,0 1,454,9 5,629,6 3,250,2 3,984.0 1,249,0 905,4 5 100,0 200,0 100,0 5 18,0 8 5 181,5 144,6 474,1 492,8 157,7 700,7 225,1 305,2 471,3 376,4 179.4 897,8 402,0 649,5 209,4 131,8 W ash.H’g’ts Century ___ C o lo n ia l__ Columbia . Fidelity . . Jefferson___ Mt. Morris M u tu a l. . . 19th Ward P l a z a _____ 23d W a r d .. Union Exch Yorkvllle . . Coal &I.Nat NcwNetli’ds Bat. Pk. Nat. 208,9 510,0 99,4 69,0 4,9 578,2 3,7 16,6 _____ 30,0 12.633,4 80,184.3 4,245,3 5,403,3 12,494,1 2,929,1 88.770,5. 8 New York City, Boston and Philadelphia Banks.— Below a [summary of the weekly totals of the Clearing House janksfcof New York City, Boston and Philadelphia, ThegNewgYork figures do not include results for non-member banks. - E: C a p ita l and S u rp lu s. Banks, Loans. S p e c ie . L e g a ls . D e p o sit s, a C ir c u la tio n . i Clearings. S 292,496,9 292,496,9 292.496,9 292,496,9 283,911,1 5 1117.149.6 1126.677.7 1135,569,7 1133,786,1 1139,755.7 $ 206,732,5 229.027,2 250,242,7 258,139.6 254,081,3 $ 62.264.3 66,155,4 68,613,8 67,012,5 60,097,0 5 1051.651.0 1098,188.5 1127,168,0 1138,501,5 1137,384,5 72,295,3 70,910,4 i u ,u53,3 69,263,7 67,391,5 1,397,075.2 1,770,084.3 1,548,455,9 1.340,131,4 1.304,320 0 44,036.0 2 5 . . 44,036,0 Feb. 1 _ 44,036,0 Feb. 8 . . 44,036,0 Phila* 54,440,0 9-y 54,440,0 Feb. 1 . 54,440,0 Feb. 8 . . 54,440,0 188,581,0 188,066,0 1S9,100,0 191,262,0 21,655,0 22,433.0 21,804,0 20,841.0 3.422.0 3,428,0 3,205.0 2,954,0 216,011.0 210,320,0 209,605,0 210,191.0 10,778.0 10,777.0 10.732,0 10,808,0 176.542.8 149.881.2 131.649.8 138,458.0 235.469.0 234,083,0 235,732,0 234,276,0 18.054.0 18,049.0 18,019,0 17,992,0 127.T93.4 113.718.2 108.777.8 113,347,6 New York 1 1 .. 1 8 .. 2 5 .. 1 . Fob. 8 . . L5oston. 48.1 46,0 50,032,0 52.940,0 54.1S3.0 222,920,0 221,389,0 220,125,0 219,557,0 Including Government deposits, and for Boston and 1 hlladelphla the Item due to other banks.” At New York Government deposits amounted 559.675,100 on Feb. 8^ against 561,024,000 on Feb. 1, at Boston on Feb. 8 to 56,423,000, against 86,427,000 on Feb. 1. ____________________________________ _ ^ tr a ilin g a u x l J p a iim & k r I * We shall be pleased to mail to of our Bond Circular entitled INVESTMENT OPPORTUNI TIES,” in which we review past events and existing conditions in the financial and business worlds. Spencer T r a sk & C o* WILLIAM AND PINE STS., NEW YORK Branch Offices: Chicago, III., and Albany, N, Y. M o f f a t Members 5 NASSAU S T R E E T . New & York w Stock h i t e E xchange. H A N O V E R B A N K B U IL D IN C , DEALERS IN INVESTMENT SECURITIES C om m ission Orders Executed for Cash Only 404 THE CHRONICLE. 'B n u h z x s 7 (§ H 2 K tU . [Vol. 1XXXVI. i i f f l t T E j S , S r * ° 5c- Per W .0 0 0 premium. St.' *1 000 premKffi$ 1,000 PrCm,Um- San Fra« 80c. per B oil street, Friday Night, Feb. 14 1908. , . <3 Money Market and Financial Situation.— Influences which for some time past lxave had a tendency to depress the security markets remain in force and prices have again steadily declined throughout the week. Practically all the aggressive operations at the Exchange have been on the selling side, with the result that a few railway issues have recorded the lowest quotations in recent years. Generally speaking, there is, however, a substantial margin between the present level of prices and that of last October and November Among the hopeful “ signs of the times” is the increasing frequency with which announcements are made of the re opening of mills and factories in various parts of the countrv Moreover, there is reported to be a little better demand for time loans and rates show a corresponding tendency to harden. Considerable interest has been shown in the New York City bond offering to-day of $50,000,000. the results confirming the prevailing opinion that the amount would be largely oversubscribed. An increase in the supply of foreign exchange in this market is supposed to be based on European bids for this issue. The weekly bank statements cabled from abroad on 1 liursday show little change in the situation there except the transfer of more gold from London to Paris. The open market rates for call loans on the Stock Exchange during the week on stock and bond collaterals have ranged from l % % to 2 % . To-day's rates on call were l 3 A (& 2 °/ Prime commercial paper quoted at 5 % @ 5 % % for 60 to 90 day endorsements and 5 % @ 6 % for best single names. th e Bank of England’s weekly statement on Thursday showed an increase in bullion of £4 76 ,8 99 , and the percentage ° f reserve to liabilities was 53.48, against 54.41 last week lh e discount rate remains at 4 % , as fixed Jan. 23 The Bank of I ranee shows an increase of 25,100,000 francs gold and a decrease of 7,300,000 francs silver. The New York City Clearing-House banks in their state ment of averages for the week ending Feb. 8 showed a de crease of $10,973,800 in the reserve held and a surplus nf Boardteait“ 1 5 S l ^ f ^ f u 5 !m V r al?S of Stato b old s at <Ke ceipts at 25? 1 d * $10’000 VlrSmia deferred trust rcThe market for railway bonds has been somewhat more of Offerings ^ P r i Z l ’ & C(?ndition duc chiefly to an excess 01 otteiings. Puces have been more or less irregular but thd reJovcrv^o4 d\dvCI?Cy W&S downward> and after a substan. i ieco\cry to-day in several issues and a general hardening a l l 7° .mar„kot’. ° f ‘ ot a list, of 25 t e u i o n S - 5 me high"? Some nf ” 1° •°il0-Wer than at the dose ]last week. including r w 1 TUSHiaI i?sacs have been notably weak, Tobacco0 C a S hnnHhT ' Colorado Industrial and American iobacco. A few bonds have, on the other hand been nota viyn i f ° N go k X l S ta tS sfcel W S S ar° BvVrli^ t o n & Qiiinc'y Pennsyl’ MeX1Can Ccntral and Uni^ d United States Bonds.— Sales of Government bonds at the Board include 810,000 2s, reg., 1930 at 4 1 mm l coup 1908-18, at 101, and $1 000 4s; ?eg 1925 ' a f l i o ' The following are the daily closing quotations^ for yearly range see third page following. 1 s’ ' r y earlU F eb. I n te r e s t P e r io d s 2s, 1 9 3 0 .................. registered Q— Jan *-s>J539-.-................ coupon Q— Jan 3s, 190 8 -1 8 ............registered Q— Feb 3s, 1908-18........ coupon Q— Feb 3s, 1908-18------small coupon U— Feb ‘Is’ ..................registered Q— Feb 4s, 1925........................ coupon Q— I’cb 2s, 1936.Panama Canal regls Q — Nov F eb. 8 10 F eb. F eb. 11 104 12 *103% *103% *103% *103% *103% F eb. F eb. 11 13 *103% *103% 103% *103% 100% * 1 0 0 % *100% *100% *100% 101 *100% *100% 100% *100% *100% *118 119 *118 100% *100% 100% *100% 118% *118% 119% 119% *103 *103 *119% *119% *119% *103 *103 *103 * This Is the price bid at the morning board: no la ic "was made!" Railroad and Miscellaneous Stocks.— The stock market has been more active and again, for the most part decidedly weak. The transactions on Monday aggregated almost o million shares as a result of persistent liquidation and Re gressive operations on the short side of the market which carried a long list of active shares down from 3 to 5 ’points 'C<lui,'od , resen'e ' against a surplus lhere was a tendency to recover shown on Tuesday hut or $40,526,725 the th0 previous week. after the holiday on Wednesday Thursday’s market’ was 1908. 1907. irregular and decidedly waek in spots. To-day there has been 1906. A v e r a g e s lo r D lJ / eren ces A v e r a g e s fo r A v e r a g e s Jor a substantial recovery in many issues, but only one of the w eek e n d in g ]r o m w e e k e n d in g w e e k en d in g F eb. 8 . p r e v io u s w e e k . F e b . 9. raiavay list, Delaware & Hudson, closes with a not gain F eb. 1 0 . Denver & Rio Grande preferred is conspicuous for a decline 5 5 $ 5 C a p ital............................ 124.350.000 of 1U points, and other Southwestern stocks have been weak 123.450.000 116,472,709 Surplus______ _________ 159,561,100 158.484.000 Missouri Pacific selling at the lowest price since 1899 ‘ ’ Loans and discounts___ 1.139.755,700 Inc. 5,969,666 1.099,356,400 , J44.961.100 1.061,997,200 C irculation..................... 67,391.500 Dec. 1,872,200 Smelting & Refining declined nearly 8 points and rocov 53,334,800 , 5 1.449,800 Net deposits___________ 1,137,384,500 D ec. 1,117,000 1,065,562,500 1.060,950,900 ered 2 y . Air Brake has been relatively strong throughout U . S. dep. (incl. above; 59,675,100 D ec. 1.349,000 15.478,300 8,573,100 S p e c i e ............................. the week, closing 4 points above the lowest. Steel preferred 254.081.300 Dec. 4.058,300 190,382,100 190,894,500 Legal tenders.................. 60.097.000 D ec. 6,915,500 79,354.400 closes over 3 points above Monday’s lowest and the common 80.2S6.800 Reserve held____ is fractionally higher than at the close last week. 0n 314.178.300 Dec. 10,973,800 269,736,500 2J1.181.300 25% of deposits. 284,346,125 Dec. For daily volume of business see page 414. ’ 279.250 266,390,625 265,237,725 The following sales have occurred this week of shares nni Surplus reserve_____ 29.832.175 Dec. 10,694,550 3.345,875 5.943.575 Surplus excluding U. S. represented in our detailed list on the pages which followd ep osits...................... 44,750,950 Dec. 11,031,775 7,215,450 8.086,850 nf car:ng f IOUSV‘ now lssues a statement weekly showing the totuhi nf tJinnetflalK1'i,!reS °,n t,aturtlay morning. These figures, together with the return* "' 2 rat® banks also the summary Issued by the State Banking Department show ng the condition of State banks and trust companies not reporting to the Clearing House, appear on the preceding page. b the • ^ ore*ffn Exchange.— The market was heavy this week influenced by speculative selling in expectation of a largo supply of bills as the result of placing in Europe of a con siderable amount of New York City bonds from the sale to-day; the tone was steady at the close. lo -d a y ’s (Friday’s) nominal rates for sterling exchanoy. were 4 84 for sixty-day and 4 8 7 % for sight. To-dav’s . iac^lud rat°s f°r sterling exchange were 4 8250(51 4 8260 for long, 4 8 5 8 0 @ 4 8590 for short and 4 8 6 1 5 @ 4 8 6 2 ' tor cables. Commercial on banks 4 8 1 9 0 @ 4 82 and docu alslil i / A 0tr 0^ meu1l . 4 81^ @ 4 8 2 % . Cotton for payment 4 81 ^ @ 4 8 1 % , cotton for acceptance 4 8 1 9 0 @ 4 82* and grain for payment 4 82A @ 4 8 2 % . To-day’s (Friday’s) actual rates for Paris bankers’ francs were 5 2 0 @ 5 1 9 % for long and 5 1 8 % @ 5 17% /t for short Germany bankers, marks were 94 3 -1 6 @ 9 4 % for long and for short. Amsterdam bankers’ guilders were 40 1 6 @ 4 0 18 for short. b e Exchange at Paris on London to-day 25f. 18c.- weok’« range 25f. 18 % c . high and 25f. 17c. low. The week’s range for exchange rates follows S te r lin g A c t u a l — H igh-------- 4 83 L o w ............4 8250 -L o n g - -S h o r t- @ 4 8310 @ 4 8260 14 8635 |4 85S0 @ 4 8640 @ 4 8590 15 17% |S 183*d @ 5 16% @ 5 18% | 95 | 94% d @ 95 1-16 @ 94% | 4 ()% | 40 16 @ 4 0 5-16 @ 40 18 P a r is B a n k ers’ F r a n c s — H igh---------5 20 L o w . .........5 20% @ 5 19% @ 5 20 G erm a n y B a n k ers’ M a r k s — High---------L o w ........... 94% 94 @ @ 94% 94% A m s te r d a m B a n k e r s ' G u ild e r s — High.................................................. L o w ........................ ......................... Less: 1 lus. u 1-16 of 1 % . fc i-1 6 o fl% . ,/ 0f 1 % . x 1-32 o f 1 % . 1-3 0 - C a b le s - |4 8665 14 8615 @ 4 8670 @ 4 8625 3-32 of 1 % . 1/ 3 - 3 2 of 1 % . h r[’he following shows the rates for domestic exchange on , . at the undermentioned cities to-day: Savannah buying o0c. per $1,000 discount; selling 75c. per $1,000 premium Charleston selling $1 per $1,000 premium. New Orleans bank $1 per $1,000 premium; commercial 50c. per STOCKS. 1V eek e n d in g F e b . 14. Bethlehem Steel C o r p ... Canadian Pacific rights. Chic Un Trac, tr r e cts.. Cleveland & Pittsburgh. Gt Northern subscrlp’ n receipts, 90% p a i d ... Homestake Mining......... Ingersoll-Rnnd, pret____ N Y & N J Telephone__ Pitts Ft Wayne * elite. . Rom e Watertowh & Ogd U S Leather, pref_____ Utah Copper rights____ Western Maryland____ S a le s lo r W eek , R a n g e to r w e e k . L o w e s t. 200 14 Feb 1.303 7 Feb 1.400 2 % Fob 60 108 Feb 360jll4 40 72 1 0 0 80 Feb Feb Feb 20 100 Feb 100 164% Feb 100! 115 Feb 1001 96 Feb 1,600 % Feb 10 0 10 Feb H ig h e s t. 14 14 14 8 % 10 3 14 168 Pel) F( b Feb Peb 11 116% Peb 13 72 Peb 13 80 Peb 8 100 Peb 14 164% Pel, 13 115 Peb 13 96 Feb 8 % Feb 8 10 Fob 1 R a n g e s in c e J a n . 1 L o u cs t. . I H i g h e s t. Jan; 16 7 Feb 9 2 Jan 3 168Peb; 108% Jan Peb Peb Jan 114 67 80 98 164% 115 95 Feb 123% Jan 72 Feb 80 Jan: 102 Feb 164% Feb 115 % Feb % Feb 13 Jan Jan Feb Jan Feb Feb Jan Feb Jan 12 9% Jan 100 <( ® ^ lde Market, t rading m the earlier sessions of the , <!'U ) inarkct showed a continuation of the weakness noted ast week. In the later dealings a better tone was reported. Coppei- shares furnished the principal features. Cumberland-Ely was especially active and was heavily traded in It sold down from 1 % to 6, moving finally to i y 2. Boston Consolidated Copper, after fluctuating between 1 4 % and I 4 j4 , advanced to 1 5 % , easing off subsequently to 1 4 % . Butte Coalition from 1 8 % dropped to 17 and closed to-dav at 1 7 /2 Davis-Daly Estates declined from 4 % to 4 and to-day .sold at 4 % . Greene Cananea fell from 8 % to 7 % moved up to 7 % and closed to-day at 7 % . Nevada Con solidated Copper sank from 10 to 8 % , moved back to 10, the final transaction to-day being at 9 % . Nevada-Utah sold down from 4 % to 3 % and up to 4 % . Nipissing ranged between 6 % and 6 % . The only feature outside the mining issues was the trading in the new Now York City 4 % s “ when issued” at from 1 0 4% to 1 0 5 % . Otherwise the industrials were practically lifeless. Standard Oil in the beginningof the week broke from 500 to 490. Later it recovered to 495 Havana Tobacco preferred sold up from 17 to 1 8 % and down to 17 % . Havana Commercial preferred rose from 3 8 % to 41. Chicago Subway, after advancing from 16 to 16 % dropped to 15, the close to-day showing a recovery to 16 Consolidated Steamship 4s were traded in down from 9 to 8 % and up to 9 % , and in to-day’s trading registered a further advance to 10. Outside quotations will be found on page 414. New York Stock Exchange— Stock Record, Daily, Weekly and Yearly O U C U P Y IM i S T O C K S — H IG H E S T Sa tu rd a y Feb. 8 A N D L O W E S T W ed nesday F e d . 12 T u e sd a y F e b . 11 M onday F e b . 10 T h u rsd a y F e b . 13 F rid a y F e b . 14 50U 49 *49 51 5012 51 92 *85 92 92 *85 *85 22% 231 22 24 23 23*8 §5012 501 51% 511 *5U2 41% 41% *40 40 41 42 141% 145 144 145% 141% 144 *460 500 +460 500 *460 500 19% 191 19% 19% 19% 19 54% 63*2 53% 54 *54% 58 *33 37 *35 *35 38 " f 0 8 *7 +7 8 12% §127S 12% 12 +12% 17 13% 14% 13% 14 14% 14% 28% 28% 2812 2934 30 20U 20% *20 201 *20-li 21% *65 80 80 *65 80 *65 *75 90 *75 90 00 *75 113% 116% 114% 1161 117 119 50 50 50 50% 52 51 9 9 30 *15 95 *65 64 62 73 *70 123 125 8 *7% 18% 19% 12 +11 30 *28 *00 70 23 *19 49% *48 14 *10 42 *35 35 +29 90 93% 120% 124 __ _ ____ *05 95 62% 64 70 70 *70 76 124% 124% 126% 126% 7% 7% 7% 7% 17% 19 20% 20% +10% 12 *10% 11% 30 *28 *27 30 66 60 62 62 19 19 20 20 50 48 49% 40 14 *12 16 *12 42 *36 42 *36 35 *28 J28% 30 91% 91% 95% 94 121% 122% 4126 126 20 *15 *15 17% 167g 17% 22% 22% 28 23% 23% +20 68 68 * ____ +60 *60 68 90% 86% 90 87 90% 93 123% 125 *122 130 *120 130 19% 20% 19% 20 19-% 21% +53% 55 53% 54 64 55 40 37% 39 38 39% 41 102 102% 103 103% 100 101 * ____ 50 * ____ 48% 19% * ____ 19% * ____ 93% 94% 95% 957g 927g 95 281 26% 27% *26 27% 29 *82 90 95 *80 95 *82 63 *58 65 *58 60 60 §135 135 *132 135 *132 1351 30 30% 30% 30 31% 31 61% 62 60% 62 62% 63% 80 *75 *75 80 80 *75 ~~ 117% 121% 117% 119% 121% 123 103 104 103 105% 106 106% 88 87% 87% *84% 87% *84 +85 100 *85 100 *85 100 *80 86 *81 82% 82 82 109% 111% 111 111% 109% 111% *60 651 *00 68 65 §65 *80 95 95 *85 95 *85 93% 951 927g 96% 97% 99% *81 88 88 *81 88 *81 80 *7014 82 +77 82 *76 11% 11% 10% 11% 11% 11% 22% 233g 22% 23% 231 " 24 *40 46 49 45 *50 " 61 20% 211 24 *20 24 24 11% 12% 11% 13 15 *13 31% *27*3 31% *29% 31% *29 67 68% 66% 69% 69% 71 *108% 110 109% 108 109% 109% 10 10% 10% 10% 10% 10 30% 31 30% 31 31% 32 18 *17 16% 18 18% 18% 20 *17 22 *20 20 20 12 121 *9 *9 12 *10 14% 14 141 *11% 141 *12 343. 34 *32% 35 34 34 81 80 *79 81 80 80 110% 117% 113% 116% 113 *80 *82 84 88 83 B AN K S PA<JKf* STOCKS S a l e s o1 the W eek Sh are s P R IC E S R ange S in e On b a sis 01 N - .V Y O R K S T O C K EXCHANGE J a n . 1 1908. U K i- sh a r e lo t s R a n g e 1or F m i o v t Y e a r 119071 H lq lu s t R a ilro a d s 66-% Nov- 10 8 % Jan 74% Jan 18 66 F e b 14 tch T o p e k a & San ta Fc 78 N ov 101% Jan 87% Jail 20 84 F e b 14 D o p r e f____________ 3 % Jan 58 N o v 75% J an 18 6 3 " F e b 14 A tla n tic C oast L in e I I I ! . . 1,990 a Jail 7538 N ov 90% Jan 14 76% F e b 10 a ltim ore & O h io _______ 29,100 941" Jan 75 N ov S5*% J an 21 80 Jan 3 D o p r e f____________ 430 3% Jan 263, N o\ 47% Jan 29 37% F e b 10 B ro o k lyn R a p id T r a n s it. 67,065 853, F eb 741" N ov B u llalo & S u sq u e, p r e f . . 138 “ Nov- 1951" J an ■5*921 'lanadlan P a cfllc ________ 143 Feb" 14 158% Jan 11 661" Jan 52 Nov62 Jan 18 55 F e b 4 Canada S o u th e rn _______ 100 144 Nov 220 Jan 438 C entral Of N ew J e rs e y ___ 160 F e b 11 183 J an 13 223% N ov 56 Jan 323, Jan 15 26% F e b 10 6,580 Chesapeake & O h io _____ 271" Jan 8% N ov14% J an 14 10 F e b 13 200 C h icago & A lt o n R R ____ 69 ” Jan 48 Sep D o p r e f________________ i s Jan 67s Nov8% Jan 3% F e b 8 5.600 C h icago G reat W e s t e r n . . 79 F eb 46 D ec 49% Jan 39 F e b 7 D o 4 % d e b e n tu re s___ 711F eb 21 D ec 31 Jan 16 F e b 10 D o 6 % p r e f “ A ” ___ ""9 6 6 26% Jan 8% D e c 5 F e b 11 10 Jan 6 1,100 D o 4 % p r e f “ B ” ___ 1571" Jan 931" Nov11778 J an 18 103% Jan C h icago M llw & St P a u l. 76,585 145 Jan 11 130 ' N ov 1651" Jan D o p r e f________________ 138 Jan 830 109% Jan 20 r8 5 C N o v 141 ‘ Jan 98% Jan D o coni c tfs 2 5 % paid 772 149 Jan 136 Jan 20 111 O ct 125%Jan D o p r e f c tfs 2 5 % paid 2.400 205 Jan 152% Jan 18 126 O ct 3.400 C h icago & N o rth W estern 135% Jan 234 Jan D o p r e f________________ §185 Jan 11 195 Jan 25 1S5 O ct 170 Jan 132% Jan 20 106 O ct C h ic St P M inn & O m aha z l l 0 % F e b 165 Jan 137% D e c 153 Jan 27 D o p r e f________________ 140% Jan 9*4 F eb 3% O ct 434 Jan 14 484 Jan 14 C h icago T e rm ln ’ l Tran sfer 0 M ch 25 Jan 12 Jan 23 11 Jan 6 D o p r e f________________ 6% A p r 2% A u g 2 Jan 14 2 Jan 14 C h icago U n ion T r a c t io n . 1938 Jan 7 D ec 12% Jan 14 12% Jan 14 D o p r e f________________ 9278 Jan N ov 62 Jan 15 48% Jan 28 1,800 C leve Cin C h ic & St L . . . *48% 49% 50 49 D ec 108% Jan 02 Jan 89 Jan D o p r e f___________ 92 *85 92 *85 3 .8 % J an Nov 263g Jan 22 22 F e b 10 23% 12,070 C o lo ra d o & Southern 23 22% 23% 69% Jan N o v 5278 Jan 4 50-% Jan D o 1st p re fe rr e d _____ 940 51% 5134 .52 5s% Jan §52 29% N ov44% Jan 6 40 F e b 10 D o 2d preferred 1,000 42 *41 4134 42 2271" Jan 12353 O ct 168 Jan 10 141% F e b 10 elaw are & H u d s o n ___ 145 148-34 1453S 148% 18,544 510 ’ Jan 369% O ct 500 Jan 8 elaw are L a ck & W e s t . 420 Jan “ *460 500 *460 500 4278 Jan 16 N ov 2138 Jan 183a F e b 14 1,260 D en ver & R io G ra n d e ___ 1838 1838 19% 19 8378 Jan 53 N o v 5978 Jan 14 45% F e b 14 D o p r e f________________ 1,821 45% 47 80% J an 47% 48 313, D e c 38% Jan 38 Jan 31 D e tro it U n ite d ___________ ____ *35 40 ♦33 191" J an 6% O ct 8% Jan 31 6 F e b 11 810 D ulu th So Shore & A tlan 678 6% 67S *6 39 Jan 10 N o v 18% Jan 10 113, F e b 13 D o p r e f________________ 535 13 13 11*4 1134 44% Jan -.2% N ov 17% Jan 8.200 T j % l e .......... ............................ 13% F e b 10 3534 13% 14 1378 14% 7578 Jan 28 N ov Jan 10 27% F e b 13 3,200 J-i D o 1st p r e f________ 28% 28 2734 287s 67 Jan 20 N ov 26% Jan 10 20% F e b 10 D o 2d p r e f ________ 400 21 20% 201; *20 E v an sville & T erre H aute 80 *05 80 92 A p r *65 90 A p r D o p ref 90 +75 1893., Jan 90 *75 107% O ct 31,064 G reat N orth ern p r e f____ 1133, F e b 10 r 125-% Jan is 85 Jan 115% 1173s 115% 37 O ct 553.* Jan 15 48% Jan 2 Iro n O re p ro p e rtie s___ 3,000 51% 51 75 O ct 50% 51% 75 O ct G reen B a y & W , d eb c t f A 141" Jan 534 O ct 13% Jan 23 8 Jan 14 Do d eb c t f B 934 9% ♦ - - - 47 ” Jan 9% 241" O ct avan a E lectric 30 86% Jan Apr §70 Jan 0 Jan 8 D o p r e f-----95 *05* *95“ *65 63 N o v 114 M ch 75 Jan 13 2 F e b 10 671 H o ck in g V a lle y tr r e c t s . . 66 06 94 Jan 04 N o v 80 Jan 0 Jan 2 200 D o p r e f______________ 74 *70 74 *70 16 N o v 172 Jan 133 Jan 18 3 Jan 2 2,110 llinois C en tral------------39 Jan 124 124% 124 125 4 % O ct 878 Jan 31 63, .Tan 4 n te rb o ro -M e tro p o llta n 1,350 7% 7% 7% 7 5 % Jan 7% 14 N o v 23% Jan 29 1778 F e b 11 D o p r e f ____________ 1,800 19% *1834 201 19 28% Jan 91" N ov13% Jan 14 10% Jan 9 Io w a C en tral____________ *10% 12 +10% 12 51 Jan 29 “ D ec 31 Jan 14 28 Jan 14 D o p re f 30 +28 30 *28 80 Jan O ct 70 Jan 13 62 Jan 22 ~J^C F t S_& tr c ts pref 220 *60 65 70 *60 3034 J a n 18 M ch 2378 Jan 19 F e b 11 ansas C ity S o u t h e r n .. 400 20 *18 *19 23 0134 Jan 45 M ch 54 Jan 14 473, F e b 13 D o p r e f__________ 720 50 4734 47*4 *46 1 1 N ov 28% Jan 15% F e b 12 Jan 4 ake Erie & W e s te rn . 100 *12 14 14 *12 67% A p r 39*4 N o v D o p r e f--------------40 *35 42 +36 67% Jan 26 D ec 343, Jan 11 30 F e b 6 90 L o n g Isla n d ------------------35 *28 35 *28 85% N o v 145% Jan 88 F e b 14 103% Jan 18 L ou isville & N a s h v ille . 6,200 89 88 88% 90% 146 F eb 100% O ct 132% Jan 29 120 Jan 4 a n h atta n E le v a te d ___ 2,365 125 125 107 Jan 123 125 23 D e c 25 Jan 10 20 Jan 15 etro p o llta n S treet100 20 *15 20 *15 12*4 N o v 27*s Jan 20% Jan 28 14% J an 2 9,000 M cxlca n C en tral______ 177g 17 59 Jan 17% 17 23% D e c 26% J an 15 22 F e b 13 800 M in neapolis & St L o u is .. 22% 22 22% 90 Jan 22 67 Jan 18 z62% D e c 62% Jan 100 D o p r e f______________ 68 *60 140% Jan 60 O ct 9478 Jan 13 79% Jan M inn S t P & S S M a r ie .. 3,185 90% 91% 168 Jan 5 6 ' *91 123% F e b 11 13134 Jan 13 110 O ct 310 D o p r e f______________ *125 130 *125 130 20*4 N o v 44*3 M ch 27% Jan 14 19% F e b 14 16,500 M o K ansas & T e x a s ____ 19% 20 20% 72*4 Jan 20 63 N o v 59% Jan 15 53% F e b 10 D o p r e f_______________ 1.370 53% 53%_ 92*4 Jan 63% 5-f% 44% D ec 47 Jan 2 35 F e b 13 383S 29,575 M issouri P a cific 3834 35 35 97 D ec 147 Jan 114% Jan 14 9734 Jan ^ a s h C h att & St L ou is 1,040 100 10H 593g J an *100 105 39% N o v 50 F e b 5 4334 Jan at o f M e x , n o n -cu m p f 400 47% 47% 27 F eb 13% O ct D o 2d pref. 134*4 Jan 103 Jan 14 a:S3 D e c 90% Jan 92% 94% 51,900 N Y Cen tral & H u d s o n .631" Jan 93% 95% 19*4 O ct 333, Jan 14 24% Jan 900 N Y C h ic & St L o u is .28% 110 Jan *26 28% *26 85 N o v 90 Jan 14 90 Jan 14 100 D o 1st p r e f-------------+82 95 913, Jan 95 *80 41 O ct 70 Jan 15 60 F e b 8 200 D o 2d p r e f-------------*54 08 62 189 Jan +55 127*8 N o v 139% Jan IS 128s8 Jan 310 N Y N H aven & H a rtford 483g Jan 132 132 *130 134 28 O ct 36 Jan 14 30 F e b 10 30% 3034 3,735 N Y O ntario & W e s t e m . 30% 30 92% Jan 68 O ct 70 Jan 15 60*4 F e b 10 3,355 N o rfo lk & W e s te rn --------61% 01% 90% Jan 61% 62% 70 O ct 81 Jan 9 79 Jan 17 D o a d ju s tm e n t p r e f . . 189% Jan 129% Jan 18 100% O ct 11678 Jan 118% 1203s 118% 121 139.419 N orthern P a cific— 91% N o v 134 “ F eb 103 F e b 10 112 Jan 18 D o subscrlp rects 8,750 104% 104% 104% 1051 124% Jan 66 N o v 93% Jan 14 80 Jan 100 acific Coast C o . . *83 85 *84 85 76 N ov 65 N o v D o 1st p r e f— *85 100 +85 100 125 M ch 85 D e c 97 Jan 13 82 F e b 8 D o 2d p r e f___ 100 *80 85 *80 86 141% Jan 1103% N ov 117% Jan 20 10834 Jan 109% 110% 109% 111-% 166,524 P e n n s y lv a n ia --------78 J an 51 O ct 70 Jan 22 59 Jan 10 P lttsb Cin C h ic & St L . . *62 65 *60 65 105% Jan 69% O ct 90 Jan 10 84% Jan D o p re f 95 *70 +80 95 139% Jan 70% O ct 9278 F e b 10 r i l l Jan 18 0334 96% 812,450 P e n d i n g . . . 93% 96 92 Jan 73 O ct 84 Jan 18 78 Jan 2 •LU 1st pref. +81 88 88 94 Jan *81 67 N ov 82% Jan 76 Jan 6 100 2d pref. 78 *75 78 +76 30% Jan 11% N ov 1534 Jan 6 10% F e b 3 8,110 R o c k Island C o m p a n y .. 641" Jan 1 1 % 11% 1138 12 26% N ov3034 Jan 6 2034 F e b 3 6,220 D o p r e f---------------------221" 24% 2 2 % 23 70 J an 58 O ct 6134 J an 15 45 F e b 10 850 St L & San F r , 1st p r e f. 4 5 " 45 50 *40 48*3 Jan 24 N o v 30% Jan 13 20% F e b 11 1,695 D o 2d p r e f--------------21% 2 1 % 2134 21 1 1 Nov- 25% Jan 15% Jan 15 11% F e b 11 1,300 St L ou is S o u th w e ste rn . + 11 11% * 1 1 % 15 621" F eb 25 N 32% Jan 29 2758 F e b 13 300 D o p r e f_____________ 28% 28% 96% Jan 27% 27% 63% O ct 78% Jan 20 C6% F e b 10 118% Jan 67% 6878 6734 693, 61,290 S outhern P a cific C o — 100 O ct 112 Jan 21 1003s Jail 2 D o p r e f_____________ 1,415 108% 109 *108% 110 34 Jan 10 N o v 13% Jan 2 9% Jan 10 4,825 S outhern v tr cfs stam ped 934 10 93.1 10 % 94 I" Jan 29% N ov 37 Jan 8 29% Jan 10 Do p re f do 1,900 3034 31% *30% 34 37% Jan 17% N 21 .Tan 15 1634 F e b 10 2,150 rP e x a s & P a cific _______ 17 1684 17% 17 123 Jan 16 N 2234 Jan 29 18 Jan 13 710 -L h lrd A v e n u e (N Y ) . 21 *17 21 29 Jan 21 9 D ec 13% J an 20 9% Jan 3 200 T o le d o R a ilw a y s & L ight 334 , Jan *91.1 13 *9% 12 16*4 D ec 15 Jan 14 12 F e b 6 1,000 T o le d o S t L & W estern 1438 15 14% 141 5478 A p r 29*4 N 37% Jan 16 33 F e b 3 900 D o pref 35% 35 35 35 108% Jan 68*4 N 89% Jan 4 78% F e b 7 823 T w in C ity R a p id T ransit 8178 817S 82 *80 183 Jan 100 O ct 128% Jan 18 113 F e b 11 its May 1141,3 116% 114 116% 445,086 ■JJTilon P a cific ------------7 An 843j.Tan 13 80 Ja: D o p re f 100 83 ♦SO 83 68% 66 67% 69% 84% 84 84% 84% 64 63 66 *64 78% 76% 79 77% 84 *S2 84 +82 3S% 401.J 38*4 401.) 67 * ___ 67 143 145 144% 146 62 *55% 62% *56 165 165 163 103 26% 27% 207g 7 121 *10 10 10 49 49 4 3% 37g 3% *38 *38 193.1 19*4 20 *14 5-% 5% 5%. 5% 105% 108% 105% 108 140 140 *138 141 §101% 101% §9S% 98% 127 1281; 128% 129 137% 1381 139 141 *175 195 *175 195 *114 120 *115 120 *140 150 *140 150 5 * ____ 5 * ____ *10 15 15 *10 67% 08% 67% 09% 691> 70% 84% 84% 84% 851" 86% *85 65% 66 66% 04 67 67 77% 78 79% 80-% 76% 79% 83 83 85 *83 90 ♦SO 37% 39% 37% 39% 39% 42% 67 _ 67 * ___ 67 ♦ 144% 147% 145% 146% 147-7.1 149 62 *56 60 *57 56 56 160 160 *160 175 *163 175 26% 27 27% 28 26% 27% 12 12 *10 *10 12 *10 49 49 * ___ 49 ♦___ * ____ 3% 3% 4 3% 3% 3% ____ ____ *38 *38 *38 16 18% *12% 20 18% 20 5-% 5 5% *5 5% 5% 109-% 110% 1()658 100*8 106% 108 138% 140 *135 140 139% 140 102% 103% 100 101 §100 100 1261" 127 129% 1301.1 128 129 137 138 140 141% 136 140 *180 195 *175 190 *175 195 *110 120 *114 120 *115 120 *140 150 *140 150 §137 137 •*____ 5 5 * ____ 5 * ___ 15 *10 *10 16 ♦ 10 15 10 *20 *65 S A L E TW O 36,900 1,200 A B ( D H I L M P AND T R U ST CO M PAN IES— B R O K E R S ’ A»fc 3850 350 625 Banks B id A sk QUO TATIO N S. Banks B id A sk 1*6*5*" Banks B id A sk Banks B id B anks O riental U— M etrop olis H 390 530 Im p & Trad 515 F ifth A v e U . 3700 400 C hem ical . . 385 P a cific U— - 2*3*6" 250 M e tro p o l’ nH 157 155 I n t e r b o r o ll. F ifth .......... 300 130 400 C itizens’ Ctl 125 P a r k ............. 390 240 N fW Y o rk Mt M orrlsll. 220 185 170 Irv in g N Ex 575 F i r s t ----------250 245 175 C it y ............... P e o p le ’ s H -- 300 A etn a . . . 190 M utual II___ 175 200 Jefferson H 14th St 11--200 150 480 Coal & Iron 196 500 2*10* P h e n ix ------- 140 200 A m erica 11450 N assau 11___ 425 L ib e r t y ------F o u r t h ------- 1180% 700 C olonial H215 225 Plaza II— - 570 A m er E xch N ew Am s t . 3*30 " L i n c o l n ___ 1100 1250 G a ll a t i n ___ 310 500 C olu m bla H 400 125 2*2*0* P rod E x ch 1 140 2 * 0 * 0 * B a ttery P k . 115 New N c t h ’ d 275 265 325 300 M anhattanT G a r fi e ld ----1150 C om m erce R iversid e 1 1 . 150 325 B ow ery T - - 310 N e w Y o rk C o 1200 235 135 M a rk 't& F u l 225 G erm A m 1 125 130 C on sol' t ’ d — 115 . . 325 Broil x lloroll 300 210 225 N ew Y o r k . 260 2*8*5* SS eaboard M echanics’ 525 G erm ’ n E x l 600 196 1*6*0* C op p er - - - 190 e co n d ------ 5300 405 B u tch & Dr 150 N ’ ht &Day1! ,t 43% 500 M cch&TraT. G erm an ia II 295 170 C orn E x TI-- 285 185 490 State IT— - 325 C en tu ry H19th W a rd II 1 1 * 2 * 1 110 M ercantile 2*75" G reenw ich II 260 O lscount H. 1 2 th W a r d 1 ! C h a s c ____ t210 N orth A m cr ISO M erch E x ch 170 H am ilton 1 1 1*45 E ast R iv e r . 135* 160* 23d W a r d H 190 C h ath am - 300 N orthern M e r ch a n t"'.! 145 155 4 * 0 * 0 * 4*7*6 H - -le v e r _ 175 F idelity 11- - 160 Chelsea 1-1V II 200 11 S tate ban ks a E x -d lv ld e n d an d righ ts. 5 N ew stock* t E x -rlg n ts . § Less than l o o shares * Bid and asked p rices, n o sales w ere m ad e on this d a y 1st ln stallm ’ t paid, n Sold at p riva te sale a t this p rice. t Sale at S tock E x ch an ge o r at a u ctio n this w eek- c Ix -b cn e ficla l Interest.In ore p r o p r ties n B anks B id . A sk 3*15* B id 1251 dew York Stock Becord— Concluded— page 2 4 0 (5 S T O C K S — H IG H E S T A N D L O W E S T S A L E P IE C E S S a tu r d a y F eb . 8 M onday F e b . 10 *18 22 *18 *3(5 3812 *35 *8>* 812 8 *143, *1434 17 5% 51 51* 141.1 15 1414 61, 012 7 *13 14 *35 64 I I 38 *13 14 *35 19 351 81* 16 512 141, 03, 16 3712 T u esd a y F e b . 11 W e d next! try F e b . 12 173* 171, *32 35 *8 81, 143* 15 *5 6 *14 15 *6 7 *1314 15 *35 38 ♦160 180 *106 180 *166 175 6 I *51, 6 6 6 181* 18% 1712 18 §18 18 481* 4 914 46% 4 8 I4 473* 483, *161, 17 161* lo t, *16 161 *70 81 *79 84 *79 84 10 IOI 91, , *91, 101 80 80 SO 41, *4 41 *4 41' *48% 491, *48 49 46 47i: 27 28% 261* 263, 26 27 *87 *86 90 861, 860 321, 321 31 32 31!2 313, *80 85 *80 85 *S0 85 *175 190 *175 190 *175 190 41* 41* 4 4 4 4 *2 % *23, 314 *23, 3l 2 3 *13 15 *13 15 *13 15 1212 14 131* 14 141.1 147* *7 9 *7 9 *7 9 *181, 25 *181, 29 *181, 29 331, 341 321, 33! 32 14 323, *8734 89! 87% 877* *871, 89 *312 5" *31, 5 *31, 5 *24 30 *24 ' 30 *24 30 77 77->< 761, 7612 76 76 621, 64: 601* 6 2 14 603, 623, 893* 90 881, S91 *85 88 *150 240 *150 240 *150 240 *81 88 *81 88 80 88 *5 6 5 51, 43, 43, *30 33 29 30 *28 30 UC3* lU I , 1077* 1 1 0 I4 1071, IO9 I4 111 112 1097* n o 1091, 110 *10634 1 1 0 *10 0 1, n o *105 108 781, 78 7814 78 78 *19 187S *18 18 181 83 *80 86 *81 84 31 293, .303 301.J 31 23* 2% 2% 23, *2 1, *23* *23! 3 3 3 §S5 *90 1 0 0 *90 100 *6 *6 8 *0 8 *10 15 1 2 % 14 §141, 1412 16 16% 15% 1 0 *151, 101, 80 80 *78 80 79 79 1734 18 1078 17% 15% 1714 *15 16 *15 17 *15 16 97 97 *95 9.8 *95 98 10 % 111* l l 's 1 1 % *101, I U 59 59 *57 61 *5712 6 U2 3012 311 29% 30% 291, 30 *40 81 *40 81 81 *60 653* 59 59% * 5 5 ' 60 116 11612 113 1153.1 113 113 *85 *85 95 *80 95 *512 *5 7 *5 7 *16 20 *16% 2 0 *16 20 64 4 91 *414 4 *10 5912 *25 1834 *63 *5434 6H2 11 *10 11 0 12 10 5934 68 59 59 59 40 *25 40 *25 40 183.1 18 18% 1778 1838 68 65 67 65 65 55 *51 54 *52 56 6H *59 64 *5912 64 73% 7314 72 73 72 7218 *106 109 1071, 1071, *104 107 91 *712 *71, 9% *7 9 *65 78 *65 78 *65 78 371, 38I2 36 37 37 381] 8934 893, §891* 90 *S9 ! 2 91 83* 83* 812 7*2 778 8 56 5012 *55 60 56 57*4 467* 467* 44 46 44 44I8 26 20 25 257* 2 5 14 2 5 I4 85 8 5 14 84 85 8412 85 91* 91* 91* 01 , 918 *41 44 *40 43 38 39 19 1912 1714 19l2 18 18 72 727* 697* 71 70 70 >150 158 *148 156 *148 150 2334 24 *20 24 *21 233, *72 80 *72 90 *72 90 *16 17 15 16 14-34 15 6734 673, 67 677* 6634 67 381* 381* *35 38 *303, 38l2 91 91 *90 94 *90 94 27l2 28l2 2012 27 2 7 I4 2 7 I4 50 50 *47 50 45 45 *4 5 *4 5 *4 5 «I9 Kl *4S 53 *49 52 TS*2 W% W 79 KS* 46812 68l2 68 6312 6312 480 80 ♦75 90 *70 85 *36]4 3814 *3614 39 *36 39 *5 9 *5 10 *5 9 *15 22 10 16 *10 20 187* 187* 173, 18 *1712 2 0 *80 81 78 781, 78 78l4 *50 55 *50 55 273* 2734 261, 2 7 I4 267s 2712 90l4 91 8918 9038 893, 90% 24% 2512 23l2 24 2 3 I4 233., *16 18 *15 16 *10 17 *80 90 *81 91 *81 95 *47 50 *47 50 *250 300 *250 300 *250 300 54 55 511, 5 4 50 5U 8 41 41 4012 411, *38 42 *60 80 *70 80 *70 90 914 *6314 B anks U nion E x o T U S E x e h ll. W ash H ’ tsU W est Side 11 Y ork v ille H.. B id A sk BANKS Banks T h u rsd a y F e b . 13 *15 *31 18 35 S3, 16 *■F r id a y F e b . 14 *15 35 81, 15 18 35 SI 151 S a le s 01 (he W eek S h a r es STO C K S N E W Y O R K STOCK EXCHANGE [V O L . L X X X Y I. R a n g e S ln r e J a n . 1 1908 O n b a sis 0} 100-s h a r e lots L ow e st H U jh c s i L o w e st H ig h e st 501 Unit R y s I n v ’ t o f San F r . 15 dan 10% Nov62 Jan D o p r e f________________ 27% d an 22 8>4 20 N ov 1.801 a b a s h ________________ 71% Jan 8 F e b 10 143, 8 O ct 1.40'd 18% Jan D o p t e f___________ 14% F e b 11 5% 5>S 5% 5% 1.801 W heelin g & L ake E r i e . . . 14% N ov 38% Jan. 5% Jan 24 *14 15 *14 0 O ct 1 , 3 or 15 16% Jan, D o 1st p r e f____________ 14% Jan 21 *6 71.1 * 6 13 O ct 7 G0 ( 37% J a n D o 2d p r e f____________ 6% Jan 31 *13l.i 101. *131., 151 8 O ct 2 1 % Jan W isconsin C en tral_______ 14%> J an 9 *35 38 11 N o v 38 2578 Jan 100 D o p r e f________________ 35 F eb 7 28 O ct 51% Jan Indus t rial & M iscellaneous *165 176 *166 176 A dam s E x p r e s s ________ 164 Jan 6 § 185 Jan 18 §150 A u e §330 J ’ no 6 *6 61 1,036 U ls-C halm ers_________ 6 .Tan *171, 181 6% Jan 13 Aug 171, 171 167s Jan 1,261 D o p r e f_____ 17% F e b 10 22 Jan 14 471, 491,; 14 N ov 4718 491 ’ 31.9/ A in a litam a t ed C op per 43% Jan Jan 2 16 53% Jan 15 x 4 l % O ct 161 161,' 161 12178 Jan 1,21 A m er A g ricu ltu ra l C lieni. 45% 13 Jan 4 18 Jan 31 *75 .84 10 O ct *75 84 ' 2538 Jan D o p r e f. ................... ....... 7.812 Jan *9 84% Jan 31 101 75 O ct 91, 91 " ’ "sc A m erican B eet S u g a r____ 95 F eb 9% F e b 10 13 Jan 14 80 7% N ov 80 ' 23% Jan D o p re f_____ 65 Jan 23 65 Jan 23 41. 414 75 Melt 4% 80 Jan 41., A m erican C a n ............... ’ ’ 4% Jan 2 5%>Jan ll 47 47 3 O ct 40% 463 7% A p r 1,42, D o p r e f___________: : : 44 Jan 4 251, 271 10 34 Nov 251, 2678 12,650 60% A p r A m erican Car & F ou ndry 25% F eb 13 861., 861. §87 32% Jan 14 24-% Oct 45% Jan 87 358 D o p r e f____ 861, F eb 13 311, 32 90% Jan 16 38 O ct a-271, 271 103 Jan 5,50( A m erican C otton OlTT :r27% F e b l l *80 14 85 21 Nov *80 85 36% J ’l y D o p r e f_____ " §80 Jan 16 §80 *175 190 *105 189 16 70 Nov 90 Jan A m erican E xpress " ' 180 F e b 4 200 *4 9 175 O ct 41, *4 41. 247 J a n 525 A m erican Grass Tw ine *23, 378 ,1 an 8 3% *234 23 3 O ct 8% Jan 100 Am erican H ide & Leath er 31; 3',s Jan 6 *1312 15 11 2% Nov *13% 0 % Jan D o p r e f_______ 131, lUs 13% J an 7 20 10 O ct 13% 14% 30% Jan 4,083 Am erican Ice S e cu ritie s! *7 12% F e b 8 9 19% Jail 21 8% O ct *7 9 88 Jan A m erican Linseed . . *1S12 25 7% Jan 28 8% Jan 1 0 0 % O ct *18 25 19% Jan. D o p r e f____________ ! ! ” 3212 331, 19% .Tan 8 22 Jail 2: 331, 34 16% O ct 36 Jan 11,520 A m erican L o c o m o tiv e *32% F e b 11 41% Jan 14 88 88 88 " 88 32% Nov75% Feb400 D o p r e f............. 85% Jan 3 *31, 92 Jan is *31, 83 O ct 1 1 1 % Jan A m erican M alt C orp ’ *24 " 28 3% .Jan 4 2% J ’ ne *24 4% Jan 18 28 §7% A p r ""3 2 6 D o p r e f________ 21 Jan 13 *76 78 701, 76% 32% Jan 1 8 17 Nov40 Feb2,143 A m er Sm elters S ec pref ll 503, 62S£ 5G~8 59% 70 Jan 17 80% Jan 29 60 O ct 93 % Jan 225,195 A m erS m eltln g & R efining 56% F e b 13 90 91 701., Jan 15 88% 68% N o v *155 Jan 89 1,800 D o p r e f................. 88% F e b 10 *150 240 *150 240 90 .Tati 1 8 1 % O ct 117% Jan A m erican Snuir.................... *81 88 *81 150 O ct 88 205 Jan D o p r e f________________ 81 F e b *41, 5 41, 85 Jan 41o §70 N o v 1 0 2 J ’ne 488 A m erican Steel F oundries 4% F e b 14 261, 261, 26% 2 0 % 7 Jan 13 4% Nov 1 0 % Jan 415 D o p re f_______ 26% F e b 14 1081, 1 1 0 1 , 109 1 1 Us 24,950 34 Jail 20 20 N ov 4 7 U Jan A m erican Sugar R efining 98% Jan 109 109 'I 1 1 0 115 Jan 18 92-% D ec 110 137% F eb 987 D o p r e f___ *104% 108 108 J o n 114% Jan 29 Z 1 0 0 Nov- 131 Jim 105 1 0 0 33C A m erican T e lcp h &" Teleg 101 Jan 78 781 *7% 110 Jan IS 88 80 O ct 1 , 1 0 0 A m erican T o b a c (n e w ), pf 133 Jan 72% Jan IOI 18% 81% Jan 29 16 60 O ct 10 98% Jan 2 ,0 0 0 A m erican W o o le n ............. SOI, 801, 15-% Jan 79 20% J an . 791., 11 O ct 400 30% Jan D o p re f______________ 79 F e b 1 301, 31 30 80% Jan 18 68 31 Nov 102% Jan 8,740 $28% Jan * 2 1 ., $34 Jan is 2% $25% O ct 3U234 F eb 2% 1,52 234 lia lak laia C op per E a r S10 $ l ’ 8 Jan : $4% Jan 1 7 3 314 51% N ov $ 1 1 3% 1,000 dallatopIlasM J ’ly Inlng P a r $ 2 0 S2% Jan 23 *90 100 $378 Jan *90 100 S3 O ct 20 *9% M ay IT ro o k ly n U nion G as___ 00 Jan 6 6 96 Jan 1 1 7 80 N o v 125 M ay 7 200 B r u n s w ic k D o ck & C im p *121, 131, *131, 141 6 Jan 7 Jan 23 6 O ct l4i» J an 450 B u tterlck C o . F eb 16% 1634 *16% 17% §25 Jan 15 27 O ct 4 9 % Jan 1,210 p e n t r a l L e a t h e r ............... §10 15% F e b 10 791, 80 19% J an 20 80 1178 N ov 80 40 F eb 1.030 V D o p r e f............... ......... 75% Jan 16l8 16% 86 Jan 20 16% 1034 68 N ov 102 F eb 8,500 C olorado Fuel & I r o n ____ F e b 11 16 16 22% Jan 15 *15 N ov 16 6778 Jan 200 Col & H o ck Coal & I r o n .. 15% 15% Jail 22 *95 99 17% Jan 6 §95 D ec 283s A p r 410 C on solidated Gas (N Y) 1078 Ills * 1 0 % 95 06 Jan 105J, Jan 1 1 O ct 11% 140% M ch 1.100 Corn P ro d u cts R e f in in g .. 10% F e b 10 57 14% Jan 18 58 *55 O ct 60 2 434 Jan 900 D o p r e f................. ........... 2978 30 56 Jan 66 Jan 20 29 O ct 29% 88 Jan 3.350 D istillers’ Securities C orp 29 F e b 14 *30 81 35 Jan 18 D ec 81 78 F eb Federal M ining & S m elt’ g *55 05'% *53 O ct 65 163 Jan 200 D o p r e f.......... 59 F e b 10 1141, 1 1 5 1 J 114% 1163 69% Jan 1 O ct 97 J an 4,500 General E le c tr ic .................. 111 Jan 2 *80 95 125 Jan 1 89% O ct *S0 95 103 Jan 160 G ra n by Cons M S & P . . . 78% J an 2 *5 92 Jan 29 7 60 O ct *5 152 F eb 7 I n t M er M arine stk tr ctfs ' ICI 16% * 1 0 4% O ct 20 8% J 'n e 220 D o p re f____________ 16V, F e b 13 *9 18 Jan 13 11 10 N o v 9 10 24 A p r 1,100 In ternation al P a p e r ____ 878 Jan 3 *58 12% Jan 18 60 7% N ov *58 60 18% Jan 1.450 D o p r e f______________ 52 Jan 2 *25 65 Jan 16 40 51 N ov *25 81 F eb 40 In tern ation al P o w e r ___ *1738 181, 35 N o v 18% 18'% 60% Jan 1,325 In tern at Steam P u m p .. 13 Jan 2 *63 21% Jan IS 68 8 O ct *64 41 Jan 68 400 D o p r e f_______________ 65 Jan 10 *52 73% Jan 20 56 60 O ct *51 81 Jan 55 100 M ackay C o m p a n ie s ____ 54% F e b 7 62 60 Jan l l 62 O ct *60 64 76% Jan 270 D o p r e f_______________ 61 Jan 28 74 64 Jan 13 74 O ct 74 71 Jan 74 1.043 atlonal B is cu it_______ 68 Jan 3 107 107 *102 113 70 .Tan 30 68% O ct 8 0 % Jan 200 102 Jan 2 107% F e b 10 *7l 2 8 i2 90 N o v 117% M ch. 7% D o p r e f__________ 7% 370 7% F e b 14 *60 9'% Jan 18 78 6% N o v *60 78 16% Jan N at E n a m e l’g & Stam p 74 F e b 5 §S0 Jan 18 §75 Sep 37 38% 37 39 D o p r e f______________ 87 F eb 6,500 36 F e b 10 901, 91 42% Jan 15 33 N o v 90 90 76% Jan N ational L e a d __________ 540 87% Jan 6 91 Jan 18 8 7l2 734 80 O ct 734 D o p r e f________________ 103 Jan 1,950 $7 Jan 2 561, 561, $978 Jan 20 $5 D ec $20% A p r 58 61% 1,745 N cw house M & S . P a r $10 50 Jan 2 4318 431, 72 Jan 14 471* D ec 141% Jan 43 44% N ew Y o r k A ir B ra k e____ 1,625 43 Jan 2 2512 251 54% Jan 13 37 N ov 25 8934 Jan 25 1.150 N orth A m erica n C o, new 25 F e b 10 29% J an 10 841, 84% 19 N o v 84 8434 3,420 p a c ific M all........................ 41% Jan 80 Jan 2 *9 03g 89 Jan 14 *83., 70% O ct 91, U e o p le ’s G L & C (Chic) 98% Jan 900 9 F e b 1 38% 40 10%jan 9 7 N ov 36% 371 P ittsburgh Coal C o ____ 1678 J an 1.200 361-_ F e b 14 4278 j a n 13 1734 1 0 1 4 37 N ov 18% 18% D o p r e f_____________ 60% Jan 4.645 17% F e b 10 *70 72 23% .Tan 15 15% N ov *69 72 Pressed Steel C a r_____ 57 Jan 692 60 Jan SO Jan 20 *148 151 *147 150 64 N ov D o p r e f_____________ 9978 Jan 147 Jan 160 Jan 20 135% N ov 1 8 1 % Jan *21 241, * 2 1 24% P u llm an C o m p a n y ____ 200 23% F e b 29% Jan 17 *72 90 21% O ct *72 " R a ilw a y Steel S p rin g . 90 67% Jan 75 Jan 29 80 Jan 22 1538 16% 72 N ov 15 D o p r e f_________ 153.. 09% F eb 1,510 - t v 14% F e b 11 18% Jan 14 12 O ct 66 07 67 R e p u b lic Iron & S te e l___ 60 F o b 13 41 Jan 67 1,455 71% Jan 15 50% O ct 38 381., 38% 38% D o p r e f ________________ 100 Jan 660 36 Jan 42 Jan 20 •90 36 O ct *85 7734 Jan 200 loss-S h effield S t e e l* I r n 87% Jan 92 Jan 29 m O ct t m •27 27% 27 D o p r e f_____________ $26 Jan 27"" Jan 1.100 *32% Jan 13 #17 O ct *40 54 48 48 $53% M ch 600 dT ennesseeC opp er P a r $ 2 5 45 F e b 11 58 Jan 1 8 42 D ec *4 5 *4 T exa s P a cific Land Trust 5 85 Jan 4% F e b 5 Jan 18 4 O ct 50 8% Jan I Tnlon Bag & P a p e r ____ «L «*) J e n 3«J “ 1 2 SttKNwr (5). C^ * 4 Iv* 79 \J . L- | is / ITtin r b 2x%.Tan 63% 63% § 6 6 n Oct 49% Jan 66 50: O cr tSkrt r i f y o c r rnrtiidr 56% Jan 69 j a n 28 *70 49 N o v 85 *70 D o p r e f_______________ 85 89 Jan 50 §80 F e b 8 90 Jan 70 N ov §117 Jan 38 38 600 U nited States E x p re ss___ 36% F e b 42% Jan 21 ’ ♦5* ’ "o' 30 N o v *5 U S R e a lty & Im p ro v e m ’ t 10 90% Jan 5% .Tan 7 Jan 23 *10 5% N o v 20 20 *10 30% Jan 100 U S R e d u c tio n & R efining 16 F e b 10 20% Jan 13 18 18% D ec 18 D o p r e f________________ *17% 21 68 Jan 900 17% F e b 10 26 Jan 14 §80 80 13% N ov 80% 80% 52% F eb 005 U nited States R u b b e r ___ 77 Jan 2 88% Jan 14 50 50 62 O ct 10978 Jan D o 1st p r e f_____ 150 40% Jan 61'., Jan 23 27% 28% 39 N o v 27% 281 D o 2d p r e f_____ 78% Jan 254., Jan 31% Jan 18 90% 9134 90% 93% 247.17S 2178 O ct U n ite d States Steel 6038 Jan 74,120 87% Jan 9538 J an 14 23% 24 70% N o v 10734 Jan 23% 25% D o pref 9,300 ___ P a r $ 1 0 $20 Jan rfUtah C o p p e r $27% Jan 29 $13 O ct *15% 17 *15 17 *30io M ch 17 Jan V lrglnla-C arollna C h e m .. *81 18% Jan 14 91 1 2 % N ov *85 95 3 9 % Jan D o p r e f. x87 Jan 91 Jan 20 75 N ov 108 Jan 43 Jan V irgin ia Iron Co’ aT&’ Coke §250" 250 ♦250 300 63% Jan 28 31 O ct 1 Y y ells F a rgo * Co 97 Jan §250 F e b 13 §250 P’ eb 13 48 50 46 250 M ay 50 10.589 300 J ’no 40 F e b 14 estern U nion T e l e g .. *29 GO Jan 18 42 40 54 D ec 40 900 W estln g h ’scK I& M fg assen 85 Jan 40 eb 6 70 52% Jan 18 70 *70 90 82 Nov100 D o 1st n r e (_ ___________ 70 F 154 Jan Jan 13 77 Jan 2 1 60 D ec 160 M ay 201 W "” 360 4 4 N AND TR U ST T ru st Co’ s CO M PAN IES— BAN KERS* Bid A sk Trust Q UO TATIO N S. A sk C o’ s B i d IU d T rust C o’ s A sk 200 N Y C it y 120 F id e lity . . 185 M ut AU ’ nci 175 B r o o k ly n 190 A s t o r _____ 275 230 F ifth A v Tr 400 425 N Y L lfe& T r 900 940 Bankers’ Tr 400 430 500 F u l t o n ____ 250 N Y T r u s t. 500 First _____ 150 550 B o w l’ g G r’ n 300 400 H om e Bk1I. 200 B ’w a y T r . . 100 - - - - G u ar’ ty T r . 390 410" S tandard T r 350 390 G uardian Tr f 155 T itlc G u A Tr 380 M an u fac’rs’ 380 395 Carnegie . . T130 157% H u d s o n ___ 55 T r Co o f An 200 M echanics’ll 275 Central T r . 1500 — Law T I &Tr 185 U nion Trust 1 2 0 0 1275" M ontauk . . 13*0 150 C olu m bia . . 175 B r o o k ly n . * ---L in coln T r . 125 175 US M tg & Tr N a s s a u ___ 240 390 270 Com m ercial 150 M a n h a tta n . 350 400 N at C i t y . . 110 0 300 275 1150 C o m ’ w ealth 100 125 B orou g h U. M ercantile . 775 825 N orth S ide*,, 320 V a n N ’d ’n T r 350 310 E m p i r e ___ 325 B roa d w a y II M e tro p o l’ tn 450 475 W a sh in g to n 400 P ro s p ’ctPkli 150 160 E q u lt’ ble Ti M orton T r . 400 Term inal ![ | 500 W estch ester 105 Farm T .n*T 1180 ‘ 175'" M u t u a l____ 10 0 105 W in d so r . . 150 + 0 ., *VlSA -iskcjl p rices; no sales on this d a v . 4 Less than m o o i , + t. ——:---------------—---------------------------- .----------------_------- _ _165t Sale a t S tock E x ch a n g e o r at a u ctio n th,3 w eek . T r u s t 'c o .c e r t fflc a t ^ e ^ ^ ^ a n k s m w ^ c f w R h 'a Cp m ^ i'g r a ^ ^ ) arc'sV ate 170 R a n g e 1or P r e v i o u s Y e a r (1907) Trust Co’ s B ro o k ly n B rooklyn Ti Citizens* Flatbush . . fr a n k lin . . 250 415 125 275 225 290 440 250 460' 275 H am ilton. . H om e . . Jenkins . 1 ! Kings C o . . U Tsl L & T r N a s s a u ____ P e o p le ’s ___ - •..n.m iaij a TVlliinmsb g 100 ____ 220 300 _ New York Stock Exchange— Bond Record, Friday, Weekly and Yearly I (M ilt BONUS N . Y. STOCK E X C H A N G E W ki :» k. nuino F eu 14 F rxce F r id a y Feb 14 1 ,. S . G ov ern m en t U S 2 s consul registered.ifl'.K F U 3 2 a co n s o l c o u p o n ___ d l0 3 o U S 3s r o m s te r e ii..............fclOD U S 3s c o u p o n ..................... A.-ini." U S 3s re g sm all I> o.ids..fcl0l8 U S 3 s c o u sm all bonds..fcl'Jl>- I s U S 4s r o i s t e r e d ................. 192*? ti-F U 8 4 a c o u p o n .......................192o Q-F U S P a n C o n 10-30 y r 2s.fcr.i3 > Q N P h llip p in o 'is la n d s 4 s . 1014-34 Q-F P u b w k * an d Imp r e x 4s 1030 Q-S P u b w k s an d im p r e g ... .1030 Q -F F o r e ig n G o v e r n m e n t Im p eria l J a p a n es e G o v ern m ’ t S terlin g loan 4 *9 8 ............ 1025 ;d s e n e s 4 ><23..................1025 S te r lin g loan 4 s ............. 1031 R ep ub ol C u ba 5s e x te n d e b t .. U 8 ol M e x ico s I g 6 s of 1H09 G old 4e o l 100 4..................1054 S t a t e a n d C ity S e c u r it ie s Alabam u ou rr tund 4 s ___ 1020 01st of C olum bia 3*05s___ 1024 L ou isiana new c on s ol 4 s . .1014 N e w Y o r k C ity— 4 V % C orporate S to c k ..1 0 5 7 4 V % assessm t b o n u s ....1 0 1 7 N orth C a rolina con sol 4 8 .1 0 1 0 6 s ............................................ 1 0 1 0 So C arolina 4*28 20-4 0 ........ 1033 T en n n ew s ettlem en t 3 s ..1013 V irg in ia tund d e b t 2 -3 « ...1 0 0 i 0s d eferred B r o w n B ros c tfs . H id W e e I t 's M ange or L a s t S a le A sk Now 1 0 3 7e 104 V 104 1 0 3 ‘o 104 V HH)*4 101 1 0 0 34 1 0 1 V 100 V ...... he se a re 110 111 M-N M-N J -J A -0 J-J 10GV Sale 103 H. Sale 00 ........ 01 y:, 0 0 'a 0 1 H. 25 Halo 01 4 128 80 4 17 83 7S 80 80 9 28 75 103 7 102 104 90 Hi Hi 3 00 V| 11 OOHi 0 4 Hi t h e b a s i s of $5 to £ . .. 4 ... ......... 105 103 ti *4 761 t0 5 108*9 *s 7 103*9 104*4 120 7 120 S id ' A sh how H ig h Its S'© M ange S in c e Ja n u a ry 1 N o how 27 F e b ’ 08 "5 30 30 iV ! ! ! ! ! '. o o “ 89 «8 F e b ’ 05 . . . . 100 100 10 0 * 9 ls*0 *v 1 j -j 115 N o v ’05 . . . . j -j i 0 7 " ” " I 1 105 D e c ’ 07 j -j 92 90 IbO J a n ’03 M-N Oe J 121*9 Sale 121 Hi 121*9 ■'*2 Ct 1 120*8 121 120*8 120V R e g is t e r e d .................. 51087 100 110 107 107 10 Lm D o ck & Im p g u 5 s . . 1021 ......... .,6 A H ud R geu gu g 5s 1020 j . j 101 93 *4......... 08 J a n ’08 jell & W ilk s B Coal 5 s ..1012 M-N Con e x t guar 4His-----glO lO Q-M .......... 99Q 00*a J a n ’ 08 97 ......... 7 Y * D ong B r ge n g 4 s 1041 M-S 0 , nt PaciU c N e e So Pacltio Co 88 M ay’07 Q -F Ce CJ 1 01 *4......... 102 F e b ’ 08 A-O Cl A-O 103 ......... 103 F eb 'O e , " i M-N ......... I l l 3g 111*8 111*8 101 >9 D e c ’07 R e g is te r e d .......................1039 M-N 100*4 100*4 " 2'i teneral gold 4His..............1992 M-S ibO Q Sale" 104 iMay’OO R e g is te r e d .......................1092 M-S 112 F e b ’ OO J J !ra ig V a lle y 1st g 5 s ___ 1040 04 >9 05 ......... " e 04 i & A D lv l s t c o n g 4 s . . l 0 8 0 J -J 92 F e b ’08 2 d co n so l g 4 s ................. 1989 J -J 113*4 F e b ’ 06 M-S 99*4 F e b ’ OO M-N A-O * 7 o " * 7 6 " 78 F o b ’ 08 Cl 60 02 01 Hi 63 " 6 J -J 80 *8 M bv’ 05 . . . . R e g is te r e d ....................... 1050 J -J 1 97 07 " 0 7 * 4 " ' . " ' . F-A ... ic B u r l * Q— D e n v D 4 s 1022 a 8 89*4 SO Hi 80*4 00 Illin ois' D lv 3HiS................1040 J -J yy Sep ’ 00 R e g is te r e d .......................1049 J -J 100 10UV j'O G o ld 4 s ..............................1049 J - J ib’6 " Sale" LOO Jan ’ 08 Io w a D lv sin k fu n d 5 s . . 1010 A-O ..........108 98 *9 Sale 08*4 00 V " 6 S in k in g fund 4 s ............. 1010 A-O 10 0 *8 10 0 * 8 08*9 100 N e b ra sk a E x te n sio n 4 s . 1027 M-N 10 1* 4 D e c ’OO 08 R e g is te re d .......................1027 M-N yO O ct ’ 07 Sou th w estern D lv 4 s ___ 1021 M-S icimie ir o s ___ p l9 1 i le t .......... 33 ?:J _ 2 W eek’s M ange or h a s t S a le F n e e F rid a y Feb -4 W kkk E nding F eb 14 Ce No 1 118*9110 8 ___ 12034 121*4 (5 y r ice s o n j -j F-A j -j % BONDS 5 1 10 04 104H? 8 . . . . 04 ’» 104 ls 8 . . . . .01*4101*4 6 101 101 Hj 101 J ’ u e ’ O! I ISS* 1 2 0 1 1 0 H. 1 2 1 103 ........ 83 V F-A i 89 Sale 0*8 Sale 85*8 J -J . . . 70 ‘4 7 8 :<s J -J M-S 1103 Sale 10234 00 Hi 00 Hi Sale Q-J 03 Hi Sale 93 Hi J-D n 3 I Jtange S in c e Ja n u a ry P A G E ?' ;... i‘ ___ .................... 7 .... >? . . . . 22 9 26 20 I ta U io n i! labam a C en t t i e s So Ity laba Al ldl N e e A t C oast Bine A lb a n y A Susu N e e Del A Huu J o in t bond s S e e G rea t N orth $ A lie g lie n y V a lle y N e e Penn Kl< .......... 101*4 101** D eben tu re 5 s ..................... 1013 M-N 1 0 1 A lle g A W est N e e B u ll R A P 08 D e c ’ 07 Han & S t J o s co n so l Os. .1011 M-S 104*8 81 Hi *4 8 80 80 ......... 80Q U] 1 .;J no 1 . 03 A p r ’ u7 A u n A r b o r 1st g 4 s ......... fcl996 tJ.J Oi O m S J *9 102 0 3 7* 101*4 ai li i c * E 111 r e f * Imp g 4 s 1055 J - J 08 0 8 34 Sale A tch T A 3 Fe— G en g 4 s . 1005 A-O 102 O c t ’07 1st s f cu r Os...... .............. 1007 J-D \ 8 . . . . 05 Hi io n 10 0 J ......... 115 D ec *07 R e g is te r e d ..........................1005 A-O ......... l u o 1st co n s o l g Os................... 1034 A-O 87 1 83 88*4 87 A d ju stm en t g 4 s ........... /il0 0 0 Nov ......... 87 M-N * 1 1 0 * 9 ......... 1 1 1 *.j F e b '08 . . . . ............ G eneral c o n s o l I s t 5 s . . . . l 0 3 7 7 . . . . 80 1 R e g is t e r e d ...................fil0 0 5 X 11 8 H2 F e b ’ OO . . . . R e g is te re d .......................1037 M-N 80 H, Sale 18, 82 Hi 8 7 Hi S0>4 S tam ped ........................fclOOo M-N t-j: : : : : : i0 9 ’4 J a n ’ ub C h i c * I n d C R y 1 s t 5 s . 1030 J-J 8 0 'a H 76 80 *9 80 b 0 3s Sals C ou v g 4 s ........................... 1056 J-D i u w, o >A E rie N e e F.rle 0 1 *4 Salt % 13U 00*4 J-D 117 >9 J a n ’ 08 . . . . 10-year c o n v g 6 s ......... 1017 J -J 118 1 2 0 » 7 ___ ..................... q .........._ * D o u is v r o f O s... 101 J D eb en tu res 4s S eries F.10O 8 F-A R e fu n d in g gold 5 s ........... 1 0 4 1 J -J 103 ......... 105 O et ’ Oi 03*8 ' ..................... S e n e s .. ...........................1 000 F-A D on isv N jY A Ch I s tO s .lO lO J -J 101 *9......... IUo Hi J a u ’US .. K ___ 00 1 F-A S eries H ..........................1010 1 0 4 * 4 ......... 1 01 O ct ’ 07 M ___ ......... . . . . . C!lino M il & St P term g 5s 1014 J -J 08 Hi: 103 6 S e n e s 1 ............................1011 F-A 102 ....... 103 G en eral g 4 s series A . .*1080 J - J 04 1 )0 ... . F-A 104*i O ct ’ 00 S eries K ................... R e g is te r e d .....................*1080 )7 . . . . 03 I E a st O kla D lv i s t g 4 s .. 1028 M S 80 F e b ’ Da ......... 00 G e n e r a lg 3 V s s e r ie s B .«1989 n A tl K n o x A N N e e D A N Ohio & D Su D lv g 6 s . ...1 0 2 1 j - j 100*9 . . .... 116 *4 O ct ’ U5 *b 10 80 78 00 80' 8 0 7s A tla n tic C oast 1st g 4 s ./t lP 5 2 M-S A u g ’O? . . O hio & M o R iv D lv 5 s ...1 0 2 0 j - j U '8 112*4 1U0 C harles A Sav 1st g 7 s . .1030 J .................... Ohio & P a c D lv Os........... 1010 j - j 1 0 1 * 9 ......... 104 A u g ’ 07 10 . . . . 110 . Sav F 3b VV 1st gold Os..1034 A l o o 1 1 ) 0*8 108 ......... j j )4 . . . . C h ic & P W 1st g 5 s ........1021 1st gold 5 s ......................1034 A-O 100 . '2 D ak * G t So g 5 s ..............1010 j - j 1 0 3 * 4 ......... 104*4 104*4 )5 . . . . ....... ............. A la M id 1st g u gold 5s ..1 0 2 8 Al-N l O P s . 101 ......... 137 Hi J ’ l y ’ 00 j j F ar * S ou a ssn g Os........1024 hi . .. . 00* B r u n s * W 1 s t g u g 4 s ..1 0 3 8 J 10 2 * 9 Jan ’08 103 ......... H a s t * D D i v l s t 7 s ........1010 j - j U7 . . . . .................... 70 81 R A N c o ll g 4 s ............... olODO M-N DiOHi J ’ l y ’t>7 1st 5 s ..................................1010 j - j 80 Sil Sp O ca * G gu g 4 b «» 1018 J 1 8 2 'a A p i ’ 00 1 * D E x te n 1st 7 s ......... 1008 j A lla n t i c * D auv N e e S outh Ity 100*4 F e b ’ 08 100*4....... D a C r o s s e * D 1st 5 s___ 1019 j - j A u stin * N VV N e e Sou Pacific 1 0 0 ‘s 1 0 1 1 00*4 -*an ’ o M in era l P o in t D iv 5 s ___ 1010 j 30 90*s 03*9 OW-i Sale OOHi >alt A O hio p rior 1g 3 V s .l 025 J -J 1 02 Vj 103 102 V Saltj j So M in n D iv I s t C s ......... 1910 ___ 8 0 *-i 8 0 ‘s 80 V « ) R e g is te r e d ................. A1U25 Q-J ....... 01 ! o l Jan ’ 08 101*s 103 S o u th w e st D lv 1st Os___ 1000 j 50 00H il02 0 S ‘4 0U34 Sale G old 4 s ..............................5.1048 A-O 108 ....... 108 J a n ’ 08 j -j W ls & M iu u D iv g 5 s ___ 1021 R e g is t e r e d ................... 51048 Q-J ......... 0JV 100 D e c ’O 102 ....... M ll & N o 1st M L O s ....1 0 1 0 J-D v)l . . . . 0 3 '« J a n ’ 08 P itts J u n e 1st gold 0 s . .. 1022 J J *114 .. _____ 1 s t co n s o l Os................... 1013 J-l> 105 3 07 Hi 1117 o7 ... . 82 .. P J u n * M D iv 1st g 3 V s l0 2 6 M-N F eb ’os 116 118 I li i c * N o rth w co n s 7 s ___ 1015 Q-F 02 *4 0 1*9 14 87 P L K * W V a Sys ref 4 s l 041 M-N ......... 00 Hi E x te n sio n 4 s ......... 1880-1020 F-A 1 0 0 -4 ......... 08*4 Hep ’ 07 Hi 6 83*4 80*4 ......... 83 S ou th w D lv 1st g 3*98 . . . 1025 J -J 0 8 34 J a n ’ 08 V R e g is te r e d ........... 1830-1020 F-A 00 . . . . R e g is t e r e d ................... 51025 yi ol 01 Sale G eneral gold 3 *2 8 ..............1087 M-N ... '1)7*8 . . . . . M ouou R iv 1st gu g 5 s .. 1010 n 9 5 F e b ’ 07 S t ‘4 ....... R e g is t e r e d ................... «1987 Q -F Ui> . . . . . ......... 02 H)...... Oen O hio R 1st o g 4 * -2 s ..i0 3 t’ M A-O 110 ........ 100 D e c ’ o7 S in k in g fu n d O s...187 9-1 020 . . ....... 07 . . . . Cl Dor * W c o n 1st g 5s 1035 A-O 1‘ ‘8 ........ 108 Hi J a u ’ 03 R e g iste re d ........... 1.870-1020 A-O Ob . . . . . . 104 ........ O hio R iv e r U R 1st g 58.1030 J -1 S in k in g fund 6 s ...1 8 7 0 -1 0 2 0 A-O 100 4 ......... 104 Hi G et ’ 07 ___ DO . . . . G en eral gold 5 s ..............1037 A-O '1 03 105 105 ____ UI4 X o v ’ i'7 A-O R e g is te r e d ........... 1870-1020 04 . .. . P itts C lev * T o l 1 st g 0 s 102t A-O 117V 118 101 J a u ’ i'8 D e b e n tu re 5 s ..................... 1000 M-N lO O Q io l u7 . . . . 03 *8........ P i t t s * W est 1st g 4 s . .. 1017 J -J O'.iQ J 'n e ’ oT R e g is te r e d .......................1000 M-N 04 . . . . Stilt I s l R y 1st gu g 4 Has 1043 J-D 106 105 Hi D e b e n tu re 5 s ..................... 1021 A-O i b '6 " But GreeK * 8 N e e Alieu Cent 103 J ’ n e’ 07 R e g is te r e d .......................1021 A-O Beech C reek N e e X Y C * 11 105 D e c ’ 07 S in k in g fu n d d eb 5 s........1033 M-N 108 B ello v * Car N e e Illin ois Gem 117 F e b ’ OO R e g is te r e d .......................1033 M-N 107 B k lyn * ilo n t a u k N e e D ong 1 00 D e c ’ 07 N o rth Illin o is 1st 5 s . . ..1 0 1 0 M-S 101 B r u n s * W est N e e A t l (toast I. O tt C F * St P a u l 1st 5s 1900 ,V1-S 10038......... 100*8 3“ ay’l)7 B uffalo N Y * E rio N e e E rie 113 Hi D e c ’ O t 117 Hi......... M-N 5111 D S * W est 1st gO s 1021 07 . . . Buffalo R * P g e u g 5 s . . .1037 M-S 110‘s , , _____ E x t * im p s fu n d g 5 s 1020 F-A 110 ........ 113 Hi M ay’07 07 . . . 04 . 08 A ll * W est l o t g 4s g u ..l 0 0 8 A-O 12 I Q ....... 142 Hi F e b ’02 M-S A sh lan d D iv 1st g O s..1025 07 . . . 103 Cl * M ali 1st gu g 5 s . . ..1 0 4 3 J -J 103 . M ich D lv 1st g O s ......... 1024 J -J 11 8 * 4 ....... 128 Hi F o b '00 08 . . . 114 111 114 K o c h * P itts 1st g 0 s ...102 1 F-A 11478 . 100 Hop ’03 I n c o m e s ______ ________ 1 0 1 1 M X 07 ... 118 C on sol 1st g 0 s ..............1022 J -O 1 1 0 *8 . 113 J -J i i a " " I " 113 .................... B u f f a l o * S ou th w est N e e Erie IIOH j 51 ar’ 07 J -J R e g is te r e d ...................... 101 ’ 08 . . . 01 01 01 Bull * Susq 1st r e f g 4s.<<1951 J -J 07 03 G en eral gold 4 s ................. 1088 J -J " O f Sale B u r C It & N N e e C R X * 1* 02 Sep ’07 R e g is te r e d .......................1088 J -J ’ 08 . . . 104'V,1045s Vanada South 1 st. 5 s ........1008 J -J 80*4 8 0 H i Sale A-O 80*8 R e fu n d in g g 4 s ................1034 4 78 13! i 102*4 105*4 1053* Hale 104 Hi i j p M org a n & Co receipts 07 J ’ l y '04 C oll tr u s t S e n e s H 4s . . 1 0 1 0 M-N 1 11 08*4 101 2d 6 s .............. 1013 M-S *101 ...... 101 N o v ’ ot) 02*9 M-N J 4 s ................................... 1012 ’ 07 . . . R e g is t e r e d ..................... 1013 M-S 00*4 J a u ’07 M 4 S ................................... 1015 M-N Curb * Shaw n N e e III Cent 03 M ay’ Oi N 4 s .................................. 101 f M-N C a rolina C en t AtfgSeab A ir I. 0 0 34 F o b ’07 M-N 0 4 s .................................... 1017 C a rth a g o* A d A e s N Y C A l l 84 A u g ’ 07 P 4 s ................................... 1018 M-N ......... 85 C ed R fa F * N N e e B C K * N 50*9 57 68*a Sale Clllo R I & P a c R R 4 s ..2 0 0 2 M-N Ceu B ran on Ry N e e M o Pae 02*4 Jan ’08 M N R e g is te r e d ......................2002 ’ 07 . . . 110 Cent of G a R R 1st g 6 s ..p l0 4 5 F-A 1 0 4 H lll2 07 03 04 Hi Halo ' C oll tru st gold 5 s ......... 1013 M-S 0 3 07*4 102*4 00 100 Sals M-N C on sol gold 5 s................... 1045 B u r Ced R * N o r t l i e r n ■„ ’OG . .. 113 R e g is te r e d .......................1045 M-N 111 H I ......... 113 A-O Con 1st & co l tr g 6 s ...1 0 3 4 70 ■08 . . . . 02 02 1st prof in com e g 5 s . .. .p l 0 4 5 O ct ......... 01 R e g iste re d ................... 1034 A-O '1 10 ........ 1 2 0 ‘s M ar’ 03 ’ 07 . . . ......................... 88 S t a m p e d ................................... 111 N o v ’ 05 103 ........ A-O C R I F * N W 1st g u o s . 1921 »07 . . . 44 40 2u pret in com e g 0 s . .. .p l 9 4 5 Oot M * St D 1st g u g 7 s ..1927 J-D 45 * ’ 08 . . . . 44. 44 S t a m p e d ................... A L H ig h 27 37*4 30 S3 ’80 **» 80"* l o o Hi luOHi ............ .......... .. ib’6 " ib ’6 " 117 123 120‘ 8 1 2 0 ' s 107 108*4 08 98 OOHi OOHi 10 1 l o o 's 103 103 107*9 112 ’ b o " ib ’ i’ «» " 9 l ’* i ”o’6‘*s 02 02 *75' 78 01*9 04 . ....... 07 100 H. 80 00*9 ............ . 07*s 1 0 l°» lull 100 96 ) 8*4 90 1 0 0 '* 97*4 101*4 ..................... 100‘ s 111 *9 ...... 100*4 109*4 117 Hi 117*9 .................... luo 10 0 * 9 ...... ...... 100 103 8 7 " *o6*I ............ ii.u * ' 104*4 100*9 ____ ______ 1 0 2 *9 1 ') 2 *9 Yo& K 100*4 100*« 100 Hi 100** 100*4 103 101 10i iuS 108 108' 108 Hi 118 no 08*i 01 108 Hi 108 Hi 1 0 0 'g lO l 105** io 5 * s no C IU IS C E D D A N E O IJ h. S t r e e t R a il w a y B rook ly n R a p T r g 6 s....... 1945 1st r e fu n d c o n v g 4 s 2002 B k C it y l s t c o n 5 s . 1010.1041 tiir i v H p.on ini cr Rn lttd.1 08*4 91 94 95 95 90 « A-O 70*9 Sale 08 ' 70*9 311 05*s 73*4 J -J 9 0 78 O ct ’ 07 . . . . . . . . . . . . . . . . J -J •......... 1 0 2 ..... 05 V O ct ’ 07 . M-N ......... 0 1 3 94H» 101*4 03 90 04*9 05 F-A 08 S o n ’ 07 . . . . ..................... F-A F. M A •" 6 4 " 87 F e b '07 O 82*9 80*4 F o b ’ 08 ___ 77 F-A .......... 80 78 77 F e b ’08 . . . . 75 J -J ......... 77 t T 9 8 H i M ay'07 J-J ..................... Stam ped g u ar 4 ......... 1951 J -J " 9 3 " " I " ! 07*4 O ct ’ 07 95 J ’ n e’ OO . . . . ..................... Yitn r 'i v lR tff : a -o ..................... 70*9 D e c ’ 07 ! J-J 04 94 04 Jan ’ 08 " 'S i " ! F-A 55 6 7 V 976 65 C33s 67 l4 bill© : A -o 1 J -J 53 ......... 05 Jau ’ 08 . . . . 03^1 05 ..................... 100 M ar’ 98 i J -J t M-S .................... 08 M ay’ OO . .. . .................... w eek. u D u e .Ia n d D u o A p r * D ue May • X o p rloo F i nlay; la te st p rioe this 112 113 01*4 100 H* 8 3 -i 87 57 01*i 02*4 02Q 03 76 ILOO 111 - O o n l i i i u e d on N ext I'n iio . S tre e t R a ilw a y M et S t R y g e n co l tr g os .1 9 9 7 R e f g 4 s ...............................2002 B w a y & 7 til A V 1st c g 5s 1043 C o l* O t h A v 1st g u g 58.1003 D o x A v & P F 1st g u g 5 s 1003 T h ird A v e R R co n gu 4s 2000 C en t T r u s t Co c o r t f s . . . . . . . T lu rd A v e R y 1 st g 6 s . .1937 M et W S E l (C h ic) 1st g 4 s . 1938 MU E l R y & D SO-yr g 5 s .l9 2 6 M in n S t R y 1st co n g 6 s . . 1019 N O rl R y A Dt gen 4*98 -.1 9 3 5 S t J o s R y Dt H * P 1st g 5s ’ 37 St P a u l C ity Cab co n g 6 * . 1037 U n d erground o l D on 5 s . .. 1008 U nion E l (Ohio) 1st g 5 s .. 1045 U n ited R R s San F r s f 4 s . 1027 U nited R y s St D 1st g 43.1034 » I ) u o J 'n e A D ue J’ ly 85 70 70 79 70 Sale F-A 40 2 47 49 40 A-O J-D . . . . . . . . . . . . 100 Jan '0 8 . . . . 100 98 M-S » . . . . . ! i b o " 08 F e b ’ l)8 . . . . 08 00 00 M-S •......... 102 V 90 J a u ’ 08 l’ i 49 V 51V 03 J -J .......... 53 60 *4 60*4 F e b ’ 08 ” ‘ i 102 102 J -J 102 ......... 102 03 V J ’ l y ’ 06 . . . . ......... F-A QQ3i F-A wO"4 •••••• 100 J ’l y ’ 00 107*9 F e b ’ OO . . . . ......... J -J J -J ..................... 00 V Sep ’ 00 . . . . ......... 103*4 O ct ’ 00 M-N ****** Y .Y .Y . 110 V N o v ’OB ___ ......... j .j 04 *4 Sep ’ 07 . . . . ......... J -D 100 Jan '07 A-O 68 4 7 69 60 06*4 65*9 67 A-O 70 77 7 8 3k •2 77 78*8 Sale J -J fc D a e A u g o D a e O ct p D ue N ov « O p tio n New York Bond Record— Continued—Page 2 408 B O N D ." N . Y. STOCK E X C H A N G E W kkk E n dino F eb 14 *•5 £> I- r t e e / • Y U la v Feb 14 W e « K ?s R anq e or L a s t b a le I *3 So •;-c H anot b in e e Ja n u a ry B O N D ." N . Y. ST O C K E X C H A N G E 1 W rick E n d in u F eb 14 ■i 8 4 [V O L . U L X X T I. F r y re J r i 'i a v Feb 4 1 •V e e K ’s R anq e or L a s t H a le i.a iiy e fu n ce / a t iu a r f i 1 Si N t in . y id A L o x u Clilo B o c k l & P a c— ( C o n ) H \q t A0 E rie — ( C o n ) K m AS *»•' L o w t in / / A < H o w H ty/t C hoo O k * G gen g 6 s .o lO lt j - j 1 0 2 *, 104*2 J a u ’ oS . . . . 104 4 104*2 J - - - - - - . . . . . 103 D ee ’0 -x Y s u a As W la t ref Sa.1937 C on sol gold o s ............... 1952 M-N 1 0 4 ’ s 111 Mny’ot A ................... 2d gold 4 4 a ..............,...1 9 3 7 99*2 K e o k * Dea 61 la t 5a___ 192: A-O 99 *-. Jan ’ Ofc . . . . m p * i b o •A ......... 90 G eueral gold 5a............. 1940 92 4 F e b ’O ill 92 4 C h ic St L & N O b e e 111 Cent -N 99 . . . . . 1 1 0 Jan ’ 0 6 . . . 110 110 T erm inal la t gold 5 a ...1943 C h ic St L * Pitta b e e PeunC< N ................... B e g is 85,000 e a c h ...1 9 4 3 C h ic S t P 61 * O con 6 a ...1931 J -I 1 2 6 4 J a n ’08 1 2 C5a 121 1 2 6 4 0 102 ........ .1 0 2 J u n ’ o 61 id B B o f N J 1 s t g Oa.1910 102 102*8 C on s 6 a red u ced to 3 >2 8 . 193) J-D 5)8 lvec*Oi D ......... 100* . 1 0 1 W lik its Ea l a t g u g As. 1942 F e b ’O 101 101 Ch S t P * 6 Iln n l a t g 6 a 1918 M-N FIS3* 125 J a i l ’ 08 . . 1*24 ] U4 J '•v As Ind ls t c o n gu g O s ..1920 ....... 110 116 A p i ’0 i . . . ......... N o r W iscon sin 1st 6 a ...1931 J-J 129 \ M ar’04 E r i e * Pitts b e e Penn u o St P * S C ity la t g 6 s . . .1911 A*U 116 J ................... E v a n s A; T H la t c o n s O s.1921 C h i c * W est In d gen g 6s q 1932 q -6i 110*2 112 112 l 112 118 la t general gold 5a......... 1942 O 03 4 ........ 06 J a n ’ oi 06 06 C on sol oO-year 4a............. 1952 j . j 95*4 95 *» F e b ’uS IU D o 1* 0 ................... M t V ern on 1 st gold 6 a .. 1923 C h ic * W 6 iic h b e e P o re 61arq ................. * Mull Co Branch la t g 6 s . 1930 0 ................... 106 4 F o b ’Ul C h oc O * G u lf b e e C B I & P L ’a rg o As S o to e Ch 61 * St i 1 ......... Cin H & D 2d g old 4*28...1937 j . j 113 Oef. Miii *- l i n t * P o r e 61 to e Pore .Mai *.......... . C ln D * 1 1st g u g 6 a ... 1941 M - N 102 J ’n e ’u7 Fla C * P e m n to e Sea A ir L ine C F in d * F t W 1st gu 4a g .’ 23 M-N J ................... 105 Mar'Or....... - - - - t<ort s t U 1) Co la t g 4 Sis. 1941 Cin 1 * VV la t g u g 4 a . 1963 J-J 83 Jan ’o7 ... Ft W * D en C la t g Oa___ 1921 0 1077a 108* i()3 4 F o b ’Oh 1 0 4 ’ " i'i'6 " ' In d D e c * W la t g 6 s ...1 9 3 5 J-J ____ 100 98*4 O ct ’u7 Ft W * p.io G r la t g 4 a ...192." J 73 78 78 F e b ’ Oh . . . . 76 78 l a t g u a r g o ld 6 s ............. 1935 J.J ( ’ al H ar * S A toe So PacC< 0 1 s t L * c; b e e c c c * a t l ' H * H o f 1882 la t 5 a .1913 0 ................... 00 D e e ’ 07 Cin S * C b e e 0 C 0 S t L G e o r g i a * A la to e Sea A Line Clearlleld * 61 ah b e e B B * 1' Ga Car * N or b e e s e a A Lint 93*-j C lev C in C * St L g e u g 4s 1993 J -l) l o 94 95 97 9S G eorgia Pacitio b e e So By 8 0 r,b C airo D lv la t gold 4a___ 1939 J-J 99*% Jan ’ o7 G ila V G * N or b e e So Pae Co 90 Clu W * 61 D iv la t g 4 s . 1991 J - j G otiv * O sw egat to e N Y C e m 88 St L D lv la t co l tr g '4 a .. 1999 M-N 80 4 X o v ’ o l G rand Bap«fc ln<i to e Penn BK R e g is te re d ...................... 199o M-N 98 91 Oef ’ o i G ra y’ a Pt T erm toe St L S W 92 9 9 J< l' c d ’05 Spr * C ol D lv la t g 4 s .. 194*) 61-S G t N o r—C B * y c oll t r 4 a 1 9 2 1 j 05*8 Sale 034 95 V >61 92*4 08*4 bo W W Val D lv la t g 4 a ...1 9 4 0 J -J 98 Sep ’ 00 B e g istered . h ................. 1 9 2 1 j 04 -) S.aie 9 3 -» 04 4 3) 02 4 06-» 103 0 1 St 1, * C co n s o l 6 a .. 1920 M-N 105 J a n ’04 G reen b rier B y b e e Cliea * u ....... 85 D eo 07 95 la t gold 4a.....................k l9 3 6 G u lf * s 1 1st re f & t g 5a 51952 j ..................... \ ) 3 iNux'Oi 91 B e g is t e r e d ............... fcl930 u-1?' 98 4 Get ’ 0. a n * s t J o to e C B * o ......... Oin S * Cl 0011 l a t g 5 a . . 192s J - J 109 J ’ ne’u7 ouaatom o t o e N Y.N H * H C C C * 1 con sol 7a......... 1914 J-D 113 H o ck Val la t co n so l g 4 *gs.l 9 !Hi j 00 4 ....... 1 0 1 :*4 F e b ’ l.8 0 8 4 103 C on sol sin k fund 7a___ 1914 J-D B e g iste re d ....................... 1 9 9 9 J -•-••—. . . . . . 90 Get '0 G eneral co n s o l gold 6a. 1934 J-J 118 *s ___ 127 J ’l y ’ 07 Col * H V lat e x t g 4 a .. 194s 0 ................. . O b ’4 N o v ’Ol R e g is te re d ...................1934 J-J ......... ....... Col * T o l 1st e x 4 s ........195.' A ..................... 05 D eC u'i In d B l * W 1st p rof 4 a .1940 A -0 104 4 N o v ’ Ol ..................... llo u a t E * W T e x to e So Pat ............ 0 I n d * W l s t p 'f 5 a ...<11938 y - j llo u a t * T e x Cen to e So Pac Co P e o * Eaat 1st con 4 a ...1 9 4 0 A -0 87 9(i>2 90 J a n ’ 0 8 I Hinoia C entral la t g 4 a ..1 9 5 ] I 10 2 ......... 10 2 1 0 2 1 10 2 1 0 2 In c o m e 4a........................1990 45 65 60 60 6 B e g iste re d ...................... 1 9 5 1 J ..................... 107 S A p: ’ o'; C lev * 61uriotta b e e P en n B B la t gold 3 * 2 8 .......................1 9 5 1 8 0 ......... 01 *4 Sep ’ O’. O lov * P itta b e e P en n Co B e g is te re d .......................1 9 5 1 05--. J ’ l y ‘ in Col M idlan d la t g 4a..........1947 J .J 59*2 62 60 60 1 55V, 62 E x ten d ed l a t g 3 4 s ........1 9 5 1 C o lo r a d o * Sou la t g 4 a . . .l 9 2 9 F A 8 6 Sale 8 6 ll 88 82 la t gold 3a s t e r lin g ... 19 51 s ..................... 70 Get ’ IH B id u n d * e x t 4 * * 8 ..........1935 M-N 7 4 ss Sale 74 ^ 76 ^ 36 7 4 4 7 7 4 Coll T r u s t gold 4 8 ........ 1 9 5 ' . . - -) ..................... 97 1 0 1 4 O o lu m * G r e e u v to e So B y r .................... .19 5 2 A-O1 ..................... Col * H o ck Val b e e H ook Va< L X O & l e x gold 4 a . 1 9 5 ;* H 98 4 ......... 0 8 4 J an 08 t»8 ‘4 C ol & T o l b e e H o c k V a l B e g iste re d ................. 19 55 3 ..................... Col C on n & T erm b e e N & W C airo B ridge gold 4a” " l 9 5 u J- D .................... J()234 Jan 4,7 Conn * Pas l ii v s l a t g 4a. 1943 A -0 .... L o u ia v D iv A T e rm g 3 4 s . l 9 6 3 J * 8 2 ......... Ft)b’ 0 i 85 85 I 'l a k A G t S o t o s C i l * S t P Aliditle D iv r e g 5 a .. 1 9 '>l F................ ___ •IValias * W aco b e e M K * I Omaliu D iv la c g 3 s . . ..".‘ 1 9 5 1 F 1 ................. Del L a ck * W estern — St L ou is l)iv * t e r m g 3 a .l9 5 i *73 7 6 4 7 o 34 I'u b ’ui ................... M o r r i s * E ssex l a t 7 a . ..1 9 1 4 M-N 115*8. 118 ‘4 Jan ’ 08 114*4 1 18*4 B e g iste re d ......... 1 1,.-, 1 1 . la t co n s o l g u ar 7a........1916 J -l) 1 1 6 *2 . 117 4 Sep ’07 a.................. i 9 ii i j . ......... 8 6 4 82 4 Get 4), B e g is te re d ...................1915 J •l> L27 J ’ lie’ uo 1 9 .1 1 B e g is te re d ......... 1 ..................... JOl *b u c t MJ0 la t r e f g u g 3 *28 ........... 2 0 0 t J -D 81 ......... S p rin g D iv I 8 t g 3 * g s . " l 9 l ) l *85 ....... lull X o v ’ Ol, 1 10*4......... 116 4 Jan ’ 08 N Y L a ck <& \V 1st 6 s . . .1921 1164 1164 W estern L ines la t g 4 a .. 1961 07'4 A u g ’o7 1 0 1 ....... 102- X o v ’ o l C ou atru ction 5a........... 1928 B o lle v * Car lac 6 a .. 1923 ) i oa ......... 122 Dee 05 T erm <&im p rov e 4a___ 1028 9 6 'a ......... 87 *4 N ov'07 Carb & Shaw 1st g 4 a " " l 9 3 2 07 M a i’ OV W a r r e n l s t ref g u g 3 4 s . 2 0 UU 7 8 * 4 ......... 1 0 2 F e b ’ 03 C h ic S t L * N O g 6 3 . 1 9 5 1 5 112 *g......... lull D e c ’Oi 132 ......... 123 J a n ’ oh Oel M> H u d la t P a U iv 7 a.l917 123 123 B e g is te re d .......... " im i i ) ..................... 11 OF, M a i’ 01 B e g is te r e d ....................... 1017 149 Aug’ 01 G old 3 ^ 8 .......................... 1951 1 *34 ......... 8 8 4 F e b ’o7 5 96 Sale 95*4 1 0 -y r o o n v deb 4a........... 1910 96 V 73 94 4 98 V ..................... B e g is te r e d ...... ........lyX i ) ................... 96 ......... 96 J a n ’ Oh 1st lien eq u ip g 4 4 s ....1 9 2 1 . 96 964 M em ph D iv la t g 4 a . '" l 9 5 i 10 0 ......... 07 D e o ’ 07 A lb & Sua c o n v 3 4 s ........1940 l ......... 95 4 92 4 93 4 T l St L S ou 1st g u g 4a i«i { 1 91*4 97 4 95 100 07 M ar’07 ..................... Bella ite Saratoga la t 7 a .1921 125 13U 4 1 3 3 4 D e c ’ 00 Ind B l * W est b 'e e C C C * St L D el B iv U K B rid g e t o e P a U l( lu d IU & Xa la t g 4 a ... 1 9 5 0 ......... 05 03 4 Muy’ O? D euv & K Ur la t con g 4 a .l 9 3 o .......... 95 95 954 93 95 4 I n t * G reat N o r la t g 6 s *1019 ......... 1 1 0 loO J a n ’ o v lo o 10 0 99 ......... 98 Jan ’ Oh C on sol gold 4*23................1930 93 98 2d gold 5a.................. ” 19 0 9 ......... 91 80 F e u ’ 08 88 0 0 *# ) 98 ........ 190 J a n ’ Oh . Im p rov em en t gold 6 a ...1 9 2 0 I0 O 1 0 0 3d gold 4 s............... ty v i 60 Get ’07 B io O r J uuo 1st gu g 6 s .1930 98 ......... 97 97 97 97 Io w a C entral la t g old 5 s . '.* 1 9 3 8 i ‘o .i 1 0 7 108 4 J a n ’ 08 iOU4 1 "8 4 B io g r So la t g old 4a___ 1940 76 D e c '06 G old 4 a.................... 19 51 77 sale 78 70 18 2()7 70 G u aran teed ..................... 1940 89 Jan ’ 05 Jetleraon B K to e E rie""" B io G r W e a t.la t g 4 s ___ 1939 ......... 90 4 89 >2 90 2 83 4 90 4 “{ ,K & ee ^ * AI s 72 76 .M g e n n d c o ltr u s t 48 A .1 9 4 9 75 J a n ’ Ofc 76 75 an * 6 lic h b e e T ol * o c Utah C ent l a t g u g 4 a «1 9 1 7 ......... 91 9 7 J a n ’0 2 K C F t S & 61 to e St L * s F Dea 61 oi iio F t 1) b e e M A, s t L K C & 61 B & B b e e St L & S F Dea 61 oi Un B y la t g 6 a ..1917 ..................... l l o S e p ’ 04 Ivan C & P a cific b e e 61 K * '1' Det & 6Iack 1st Uen g 48.1990 87 ......... 92 M ar’ o7 K an C ity Sou la t gold 3a .. 1950 69 ......... 70 71 70 10 09 G old 4a................................. 1996 83 ......... 83 J a n ’ Oh B eg iste re d .................. 1 9 5 ., 8 0 '" " 8 3 " 63 Out ’00 D etroit S ou th ern — ................... K e n tu ck y C en t b e e L * * N O hio S ou D lv l a t g 4 a ...1 9 4 1 ......... 78 77 V Jan ’OS 7 ,i 34 77:,4 K eok * Dea 51o b e e C B r * p D u lib Iron B a n g o I a t 6 a ..l9 3 7 107 ........ 107 4 107 4 10 2 1 0 7 4 K n o x v ille * Ohio b e e So B y B e g is te re d ...........................1 9 3 7 1 1 2 4 E'eb’ uo ako E r i e * W l s t g S a . . 1937 10 7 n o 1074108*4 110 J a n ’08 2d Os..................................... 1910 J-J -< 2 d gold 6 3 ........... . 19 4 ......... *1)2 4 Dul S h ort L in o toe N o r Pae ......... 100 r at v n 0. ia t 8 “ K 6a” l9 4 5 D al S o S hore & A tl g 5 s .. 1937 U 8 E e b ’ Oh 108 108 L Sho * 611ch S b e e N Y Cent p a s t o r M in n t o e s t P M & ,\i Leh Val N Y la t g u g 4 Ga S 102 ......... ,0 2 4 4 102 4 1 0 3 J -J 103 J a a tT ou Va & (G a b e e S o By B e g iste re d ............. . . . J j y ! , , J - J Elgin J o l «& L ast 1st g 5 a .1941 100 ......... 1 1 0 34 J ’ ne’07 87 ^ b ’J ^ 89 4 Jan ’08 04 C 0 U 8 K 4sI‘J 003 M-N ....... Elm C ort <fc N o b e e L e h * N Y Leli V l e r B y l a i KU g 6 a. 1941 A-O 108*a 114 V 08 J a n ’ 0 8 108 108 98 ......... 105 Jan '08 — Erie la t e x t gold 4 s..............1947 M-N 'JO 105 B e g iste re d ................. . ....1 0 4 1 A-O - - - - - ......... 0 9 4 Get ’OS' 2 d e x t gold 6 a..................... 1 9 1 9 106 4 ......... 1 0 1 4 J a n ’ 08 I 0 I 4 lu 1 4 Leh V Coal Co la t gu g 5*a! 103 J-J .............. 104 110 00 O c t '07 3d e x t g old 4 4 s ................. 1923 Wl- S 97 ......... 10 0 4 J a n ’os 1* 0 4 100 4 Leh * X Y 1st gu ar g 4a .. 194., 61-S 9 5 **1, f ’n o’ 07 4th e x t g old 5 s ................... 1920 A O 106 4 Fob Vih ................... B e g iste re d ........ i . i , - .M-S .................... 106 4 1 0 6 4 6 th e x t gold 4 s ................... 192s j 93 ......... E1 C & N la t pt 6 a " " * 1 9 1 4 A -0 ..................... 1 3 *HJan '00 . - - .............. la t c on sol g o ld 7 a ............. 1920 M-S 121 125 1 2 1 t e b '118 G old guar 5 s ............... JilO Li A -0 ..................... 05 *4 J an ’ 06 . .. ‘ 31 1 2 2 1st c on sol g fu n d 7a........1929 41-S ......... 123 120 Jan ’Os’ ................... 130 12 0 *4 Leh * H ud B b e e C e n t o f X I Erie 1st con g 4a p r i o r ..1990 J-J 83 Sale 83 83 " 17 83 8 6 4 L e h * W ilkes b to e Cen t of N J B e g is te r e d .......................19 9 0 j . j 79 J a n ’ (>8 ......... 83 79 79 L e ro y * Caney Val b e e 61o p 1 st con sol gen lien g 4 s . . 1990 J-J ......... tit) 66 4 67 " 7 0(3 Ss 7 ‘2 \ L o n g D ock b e e Erie B e g is te re d ....................... 19 9 0 J-J 85 4 E e b ’ 07 L o n g I s l’d—la t con g 58 /il9'J l q-J ......... 114 10 Jan ’ OS . 05 n o P en n coll tr g 4a............. 1951 F-A * 7 5 ......... 77 77 la t con sol gold 4a......... / 1 I 9 3 1 7 3 77 60-year c o n v 4a A ......... 1953 A -o 60 60 65 F e b 4 8 56 61 G en eral gold 4 a ... i y ai n *87 03 37 4 J "an "’i>h . 3.> V 874 „ do S eries B ...1 9 6 8 A -0 50 Sale 50 60 "i F e rry gold 4 ^ a ................ iu.»5 M-S 50 56 02 N ov’ 05 . Bull N Y & E rie la t 7 a ..1910 J-D 1 1 1 ......... 118 Jan ’08 G old ta.................. ......... 1 )8 118 J-D ..................... 00*4 O ct ’ Ol . Butt As s W gold Os......... 19Uh J - J 100*4......... L04S8 F eb *06 U uitied gold 4 a ___ 1 9 4 .7 .VI-8 84 *4 ......... 32 Jan ’ oh . 31 82 Chic & E rie la t gold 6 a ..1982 M-N 1 1 1 ......... 111 Jan ’Oh 108■< i l l " " D e b e n tu re gold 5s. 1 9 9 1 J-D 10 r i . e ’IM . C loy & Alaliou Val g 5s.lU 3h j - j 103 ......... 1 1 6 4 Jail ’05 G uar re f gold 4 s ....." " " 'iy 4 < i M-S 0 2 34 ......... 05 J a n ’Ofc . ini 95 Jell B it la t g u g 5a-----a l9 0 9 A -0 1 0 0 *4 ......... Id 1 A u g ’ 07 B k ly u * M on t 1st g 6 a ..1911 M-S 100 ............ 126 124 F e b ’Oh ^ P l ge.Do?.K1COna° l tS d a ..1935 A-O 1 2 1 12 ’ i ’ " i ’i i " " M-S 0 3 * 4 ......... 99 >, Sep ’ 07 V°-‘ * u ru 1st cu r g u 68.1922 M-N 118 s e p ’ 06 10 '4 N ov III . AO D o c k * Im p la t c u r Os.. 1913 J -J Lo07s O ct ’ 05 -N \ & H ii 1 st jc o.s........< ..................... 61-S N Y * G reen L g u g 5 a .1940 M-K 100 105 06 l ) e c ’ U7 N or S liB 1st cqu g g u 5 a o l 9 3 Q-J 100*8......... 09 .Nuv’ il, . .ou ia lan a & A rk 1st g 6a. 19 2 7 M S ..................... 02 Sep ’ 07 . ............... . H K •Hl.*xC E L L A X E O (J S G u * a n d E le c t r ic L ig h t A tla n ta G L C o la t g 5s 1947 J -D B k ly u U G as 1st con g 6 s lly 4 5 M-N 98 ....... 19 4 7 A-O 67 B u llalo Gaa la t g 5a___ E 60 C on sol G as c o n v deb 6 a " " " 1 9 0 9 J - J ......... 105 D e tr o it C ity G a s g 6 a . . . ‘ " i y 2 5 J-J 95 ........ D e t G as Co con 1st g 6 s ""* 1 9 1 m F-A E d E lI U B k n t o e K Co E L * P E d E 1 11 toeN Y G * E L H * P E q G L N Y 1 st c o n g 5 a ..1932 M-S U a a * E le c B e r g C o c g 5 a . 1949 j . d G en E le c tr ic ilcb g 3*a a ..l9 4 2 F A ....... 80 l O - y r g d e b S a .. .. '. ...........1917 J-D lO S ’-.S alo G r B ap G L C o l a t g 5 a ...1 9 1 5 F-A H u d son C o Gaa l a t g 5 a ..l9 4 9 M-N K an C ity (61ol G as 1st g 5s 1922 A-O K in g s C o E l L * P g o a . .. 1937 A-O P u rch a se m on ey 6 a . . . . . . i 9 9 7 A-O Ed El 11 Bkn ] fl t c o ii g 4 a 1939 J-J S83i B O N D S —C o n tin u e d on N ext i 'a a o . Gnu and Electric Light Hac Gaa L o f St L 1st g o a .e lO iy Q-F 1 0 1 4 Sale 1 .0 1 10 2 Bot and o x t la t g o s .. 1 93 4 AO I«’el) ’07 10 2 59 6 Iilw a u k e e Gaa L la t 4 s " l y - c M-N 9 1 4 Juu ’07 N Y G E L H & P g 5 s .” l9 4 8 J -D 95 4 90 9*5 4 96 93 S. 108,5 94*2 P u rch a se m oney g 4 .s . 19 4 9 F-A 76 78 4 78 4 F e b ’08 Ed El 111 la t c o n v g 6 a .!l9 1 y M-S 99 4 1 0 0 4 A wj'H) / 1st co n so l gold 5a........ 19 9 5 J - J 113*4 J ’ n o’OO 112 N Y * 1J E 1 I s S iP ls tco u g o a lO d U F -A A p r ’0 , 92 D ec >07 N Y * B icll Gaa 1st g 5s. 1021 M-N 103 X o v ’05 6 1 ‘2 O ct ’01 Pat & Paa G * E co n g 6 s. 19 4 9 M. S 10434 N ov’05 80 Jan ’ 08 80 80 P e o Gaa * C la t co n g Oa.1943 A -0 1 07 4 Jan ’08 198*4 • 109 100*2 10934 B o fu m lin g gold 5 s .......... 19 4 7 61-S 19150 44 95 Jail ’ (>8 I0 7 a4 D e c ’00 C h G -L & C k e l a t g u g 5s 1937 J -J 99 93 99 102 J ’ ly ’ 07 C ou G C o o f Ch l a t g u g 5 s . ’36 J-D 95 100 O ct ’ 07 99 D e o ’ Oo 61 u F uel Gas 1st g u g oa. 1947 M-N 94 LOO F e b ’ Ofc S yracu se L ig h tin g 1st g 5 a .’51 J-D 90 196 Jan ’ ( 8 06 107 T rou ton G * El la t g o a ..l9 4 9 M -s 110 Mnv’ ft3 9 3 *2 61ar’ 9 6 ___ W e stch e ste r L ig h t’ g g 5 a .I 9 6 0 ,J D 1 0 1 4 F e b ’ 07 'N o p n o e Friday; la test bid and a sked th is w eek, a D u e Jan 0 D uo Feb c l D ue A p r e D u o H ay a D u e j ly hi D ue Aug o D ue u c t V D uo 1)00 98 98 58 F e b ’ uS 103 lo t 94 tj Jan ’08 100 A p r ’ O n 2 2 99 88 75 98 4 81**4 IO 1 4 107 4 94 99 98 92 J 10 2 lo o O l.tim i ;->ale M ONO* N . Y . ST O C K K X O H A N G K W kbk ENi»if<<» F eb 14 P rice £ ' W e e k ‘i N an ye or L a s t S a le f Y id a y teb 14 Low Hxylf 117 Jan ’08 Loulsv A> N ash v gen g 6s. 1930 J-D G old 5 s .................................1 9 3 1 M-N 1 10 *4........ 111) O c t ’07 98 98*4 0 8 4 Sale U nified gold 4a................. 1941) J -J 1 0 1 4 J’l y ’00 R eg istered .......................1940 J -J 107 Dee’05 S in k tund gold 6 s ..............1919 A-O Coll tru st gold 6 s..............1931 M-N ♦104 ........ 105 F e b ’08 93 Sale 124 93 Hi 5-20-yr col tr deed g 48.1933 A -0 E H 4 N ash 1st g Os-----1919 J-D 1 1 0 * * ....... 111 N o v ’07 L C lu A L e x gold 4 4 a . . . 1 9 3 1 M-N * 1 0 3 ‘S ,....... 1 0 3 * 4 J a n ’08 N O A> M 1st gold O s ....1930 J-J 117 S i....... 115 >4 Jan ’ 0 ....... 122*4 Alai ’ oo K O it 11 2d gold Os........1930 J-J 1 1 2 107*4 A ug’ OO P e n sa co la D iv gold o s . . .1920 M-S 117 AIny’07 St L D iv 1st gold Os........1921 M-S i ’ m ” ! " " 0 2 ’a A u g ’ 07 M-K 2d gold 3 s ........................ 1980 87 *v 87 4 A t ! K n o x & C iu d iv 4 s . . 1965 M-N 110 J ’l y -00 A ll MJUX it N or l s i g 6 s l 9 4 o J O 108*5 Jan ’00 H eader U d g e ls t s t g G s .1 9 3 1 M-S 91 92 F e b ’ i'3 K en tu ck y Cen t gold 4 s .. 1 9 8 1 J -J 90 108 J ’ l y ’ 00 L<fc N A M A 11 1st g 4 4-s 1945 M-S 87 J au ’08 80 L A N -South M jo lu t 48.1952 J •J 113*2 Mar’07 N F la A » l s t g u g 5 s . . .1937 F-A N A O B ilg eg en gu g 4 ‘as 1945 J -J 113 J a n ’ 08 Pens A A l l 1st gu g O s..193 ' F-A 111 M ay’ u’ S A N A la con gu g 5 s .. 1930 F-A 88 9 1 4 J a n ’0 L A Jell B dge Co g u g 4 s .. 1945 M-S L N A A Ch Nee O I A t \/l aliou Coal N e e L H A M B 05 90 95 *a 95*. l ’ ia n lia tta n K y con sol 48.1990 A -0 104 A p r ’05 R eg istered .................. 1990 A -0 M otropol El 1st g O s....1 9 0 8 J -J iob"78 Salt Loo7# 1 0 0 7t M oK ’ p t A B V N e e N V Cent M etropolitan K1 N e e 51 an Ry 81 Sale 79 81 M ex C en t con sol g o l d 4 s .. 1911 J -J 17 18 10 *a 18 1st con sol Incom e g 3 s .a l9 3 9 J 'ly 14 Sale 14 14*a 2d c on sol lu com o g 3 s ..a l 9 3 9 J ’ ly 9 0 l*8-l’ l v ’01 M ex In tern et 1st con g 4 s .1977 M-S 80 F e b ’08 Stam ped g u a ra n teed — 1977 At-S' 106 Alay’ OO i l e x N orth 1 st gold Os___ 1910 J-D M ich C en t N e e H Y C en t M l d o f N J N e e E rie M il L S A W N e e C h ic A N W Mil A N orth N e e Oh M A St P 125*4 125*4 M inn A St L 1st gold 7 s . . 1927 J-D 124 too A p r’*)’/ Io w a E x 1st gold 7 s ........1999 J-D lu 2 118 J a n ’ O. P a cillc E x 1st gold O s... 1921 A-O l u o 113*4 Mar’OO South W est K x l s t g 7 s . 1910 J-D 100 J a u ’08 1st cou sol gold 6 s ............. 1934 M-N 80 F e b ’ 08 77 82 1st and rotund gold 4 s . .1949 M- 8 97 A p r ’OO, lie s M A F t L> 1st g u 4 s ... ’ 36 J -J Mtliu A S t L g u N e e B C R A N 95 N o v ’07 M St 1>A S S M coil g 4 Hit gu '38 J -J 102 j ’ n c ’07 M S S M A A 1st g 4 tut g u 1920 J -J M inn Un N e e St P At AM Mo Kail A T e x 1st g 4 s . ..1 9 9 0 J -l) 2d gold 4 s.......................... 0x990 F-A 1st e x t gold 6 s................... 1944 M-N 1st A return! 4 s ................. *004 M-S J G en s £ 4 *3 8 .....................1930 St L D iv 1st ref g 4 s -----2001 A -0 Dai A W a 1st g u g 5 s . . .1940 M-N K an C A P a o 1st g 4 s . . .1990 F-A M o K A K 1st g u g 5 s . ..1 9 4 2 A-O At K A Ok 1st g u 6 8 .5 .-.1 9 4 2 M-N At K A T o ! T i n t g u g 6s. 1942 AI-S Shor Sh A So 1 st gu g 6 s .1943 J-D T e x A Olcla 1st gu g 5 s . . . 1943 AI-S Mo P a cillc 1st co n g Os ...1 9 2 0 M-N T r u s t gold 5s sta m p ed .a l9 1 7 M-S R e g is t e r e d ................... a l9 1 7 M-S 1st c oll gold 5 s ................... 1920 F-A 40-year gold loan 4 s ........1945 M-S 3d 7s ex td at 4 % ................1938 M-N C en t Ur R y 1st g u g 4 s . 1919 1: -A Cen Branch U P I s t g 4 s . l 9 4 8 J -l) L eroy A C V A L l s t g 5s 1920 J -J Pao K ot Alo 1st e x g 4s. 1938 F-A 2d exten ded g o ld 6 s ...l9 3 8 J -J 8 t L 1r Al A Sgon con g Os 1931 A -0 G en con stam p g t d g 5s 1931 A-O U allied A ref gold 4 s .. 1929 J -J R iv A G D iv 1st g 4 s . .1933 M-N V erd i V 1 A W 1st g 6 s . 1920 M-S M ob J A K 0 1st con s g 5 s .l'J 5 .: J-J M ob A O hio now gold O s..1927 J -D 1st e xten sion gold 0 s ../il9 2 7 O-J G eneral gold 4 s .................1938 M-S Aloutgom D iv 1st g 6 s ..1 9 4 1 F-A 8 t 1j A Cairo c o ll g 4 s ..e l9 3 u G uaranteed g 4 s ........... 1931 At A O coll 4s N e e Southern M ohaw k A Alai 5 'e e N Y C A H M onongahela R iv N e e B A G M ont C en t N e e St P Al A Al M organ’ s L a A T N e e S P Co Alorrls A E ssex See D el L A W ash Chat A S t L l s t 7 s . l 9 1 3 j - j 1st con sol gold 6 s ......... 1928 A -0 J asp er B ranch 1st g O s.. 1923 J-J M cAl M W A A l 1st Os.. 1917 J-J T A P Branch 1st Os___ 1917 J -J Nash F lor A Shot N e e L A N N a tot M ex prior lien 4 4 s . 1920 J-J 1st consol 4 s .......................1951 A-O N ew 11 A D N e e N Y N H A H N J J u n e R R N e e N Y C ent N ow A Ciu B dgo N e e L o u A N N O A N E prior Lien g Os j;1916 A -0 N Y .B k ln A Alan Roll N e e L 1 N Y C en t A 11 R iv g 3 4 s . 1997 J -J R eg istered ....................... 1997 J -J D eben g 4 s ........................ 1934 M-N Lake Shore c o l l g 3 ’a s ...1 9 9 8 F-A R eg istered .......................1998 F A M ich Cent coll g 3 'a s . . . . l 9 9 8 F-A R eg istered .......................1998 F-A Beech C reek 1st gu g 4 s . 1930 J R eg istered .......................1930 J -J 2 d gu gold 5 s ................. 1930 J -J N' N anye S in c e Ja n u a ry H iy / l 113 117 95*4 100 1*14 88 105 94 103*4 1"3*4 115*, 117 87 4 894 92 87 87 113 113 97 4 80 F eb M 8 F e b ’ On ......... 7 9*9 70 75*4 Sale Jan ’08 82 82*4 104 4 J a n ’07 9 6 ‘v A p r’oV 105*4 1 0 0 4 105*8 Fei)’08 1 0 2 ‘4 ....... 103 F e b ’08 103 103 Sale 103 105 A u g ’ 07 ■......... 103 IOC *8 Oct ’0 i 100 J a u ’08 ......... 109 98*4 99 1)8*4 Sale 104 4 F o b ’ 07 98 F o b ’ 0 8 80 A u g ’07 97 4 Alay’ U7 90 J ’ n e’ o7 8 4 4 88 84 4 J a u ’08 110 Mar’05 ......... 1 0 1 99*4 99 4 112 D ee’07 10G'-< 115 .........107 107*8 107 4 109 4 J’ ue’ o? 70 70 4 76 4 83 8 4 4 83 107 4 A p r’OO 98 D e c ’ Ob 113 113 *1134 105 4 Jan ’(*8 83 Atig’07 102 4 Oct ’07 99 4 . 92 4 Aug’OO 72 . 101 Nov’04 97 79 1 Low 38 81 . 10 2 9 14 ”9 14 92** 98 *99*4 i o i 74*4 85 144 204 10 147g 80 80 2 6 4 125*4 100 80 100 82 98 84 98 78 77 4 83 94 80 95 774 74 83 106*8 105*8 102*4 103 97 4 1 0 3 100 10 0 94 98 93 98 834 84*4 994 994 104*' ii'o 7 4 7g 78 83 80 113 1 1 3 4 105 4 1 0 5 4 UOADS N. y . STOCK E X C H A N G E w b k k E ndino F eb 14 Week's Nanye or Last sale Non#* ilines January 1 Low Hxytf Low Miyh Y Cent As H R—( Continued I Beech Or E xt 1st g 3 4 s 61951 A -0 Cart A Ad 1st gu g 4 s ...198 1 J-O G o u v A O s w e ls tg u g S s 1942 J-D 98 97 4 M ar’O Moll A Alai 1st gu g 4 s ..1991 M-S 1115 »>cl ’0 78 N J Juno it gu 1st 4 s ...1 9 8 0 F-> 10 1 4 .1 ’ i.v’o N Y * Harlem g 3 4 s . . .2000 M-N 1” '9 May’o7 N Y A North 1st g 5 8 ...1 9 2 7 A-O o .* i in-o’oi N Y * Pu 1st eon an g 4 s 11*93 A-O Nor A Mont D gu g 5 s .1910 A -0 1 0 7 " N.Vno7 Pino Creek rei’ emir Os. 1932 J -O U O 11*1 *10 110 1 * 1 4 It W A o con I s t e x t 5 s ./t l9 2 2 A-O llO lu o Jan *08 105 106 Oswo As It 2d gu g 5 s ...1-1915 F-A R W As O T R 1st gu g 5s. 1918 M-N i'o'ii 4 O e i ’*). Itutlamt 1st con u 4 4 « - - 1341 J •J 87 F e b ’08 »7* 87 OgALCliam 1st gu-ts gHHb J-J 85 Jau ’08 85 Rut-Canad 1st g u g 4 s . 1949 J-J 2 2 Jon *00 St Law As A*ltr 1st g 5 s .199*3 J-J 125 F eb ’o8 125 J‘25 2d gold Os........................1990 A-O 103 Oct ’07 Utica A Blk R tv g u g 4 s .1922 J-J 92 80*4 92 4 Lake Shore gold 3 4 s ___ 1997 J -I> 92 Jan ’08 90 '..2 4 90 Registered................... 1937 J-D 92 92 4 sh 78 95 92 Debenture g 4 s............. 1928 M-S 91 90*4 90*4 Sale 88*8 94 4 25-yesr g 4 s ................... 1931 M-N ....... Kn A A G R le t g u c 5 s .l 9 3 » J-J ! 1 0 Mahon C’ l RR 1st 5 s ..1934 J-J 10 2 * 4 ....... 109 G et ’ 07 Pitts A L Erie 2*1 g 6 s .a l9 2 8 A -O 100 4 ....... 1 0 7 4 N o v ’ 00 1 1 5 *a....... 139 J a n ’ 03 Pitts AIcK As Y 1st gu Os. 1932 J-J 2 ilg u a r0 s........................ 1934 J-J 10 0 M cKees A B V lstg O s 1918 J-J 104 D e e ’ 06 Mich Cent 1st consol Os. 1909 M-S H>5 D e c ’ 07 5 s.........................................1931 M-S l V o " 1 1 1 ) J ’ ne’ OO Registered................... 1931 Q-M 10 0 *4 Jan ’07 92 4 s ......................................... 1940 J-J 100 4 N o v ’Oo Registered................... 1940 J-J 94 4 D e c ’ 1)0 J L A S 1st g 3 4 s ............1951 M-S 83 ......... 92 4 May’ 07 l s t g 3 4 s .......................... 1952 M-N Bat C & Star 1st g u g 3s. 1989 J-D 1)94 Jan ’ 08 95»s 99*8 98*4 N Y C h i c * St L 1st g 4 s 1937 A-O ’ ’9*9 " 1 0 2 4 Aliu’ o ’7 Registered.......................1937 A-O 98 103 1"1 W est Shore 1st 4s g u ...2301 J-J iiH*’ * Sale l o o 4 99 100*-. 904101 Registered...................... 2301 J-J 11)0*4 Sale N Y A Greenw Lake Nee Erit N Y As B ar Nee N Y C A Hud N Y Lack As W Nee D LAs W N Y L E As W Nee Erie N Y <Ss Long Br .See Cent of N J 12 1* 4 1154 124 4 N Y N H As H —Conv Os subs............ 121 Sale 119 13 O ei ’ 07 Housatonio It cou ft 5 s ..1937 M-N 112*4....... N 11 A Derby con cy 68.1918 M-N N Y A North Nee N Y C As H 98 Feb’08 96 98 92 4 98 N Y O As W ref l s t g 4s..j/1992 M-S 101 4 j ue’Uu Rogls 85,000 only......... 01992 AI-S N Y As Put .See N Y C & H N Y At R B Nee Long Island N Y S As W Nee Erie N Y Tex As At Nee So Pac Co 100 O c t ’07 07 4 105 Nor As South 1st g 5 s ......... 1941 71-N 12 0 120*8 Norf & W est gen g Os........1931 M-N 120 4 ....... 120*s J a n ’08 11741174 Improvem’ t As ext g Os.. 1934 F-A 117 ........ 117 4 Jau ’08 12 i Oct ’00 N ew River l s t g O s ........1932 A - 0 95 90 95 *4 Saic 924 974 N * W Ry 1st con g 4 s .1990 A-O 91 Sep '07 Registered....................... 1990 A-O 87 8 1 4 88 7g D iv’l 1st 1A gen g 4 s ... 1944 J-J " b i " Safe* 87 81 82 81*4 Sale 78 84*g 10-25 year conv 4 s___ 1932 J-D 85 90 85 4 77 SO 854 Pocah C A C Joint 4 s ..1941 J-D 1*>9 4 Feb’OO C C As T 1st gu g 5 s ......... 1922 J-J 93 95 87 4 95 Sclo V A N E 1st gu g 4s 1989 Al-N North Illinois Nee Chi As N W North Ohio Nee L Erie As W 09*4 1004 91 99 4 101*4 Nor Pac—Prior hen g 4 s ..1997 q J 100 Feb’08 98 loo Registered....................... 1997 Q-J 71 714 08 7 ‘J Sale General lien g o l d 3 s ....a ’2047 70 7o 70 70 , 08 R egistered................... a2047 9 0 4 J a u ’ 08 . 9d 89 90 4 St Paul-Dul D iv g 4 s ___ 1990 n D ul Short L 1st gu 6 s . . 1910 M 0 R As U coll tr 4s Nee Gt Nor 117 J a u ’ *) 117 117 S t P A N P gen g O s....1 9 2 3 F-A 115 132 J ly ’99 Registered certitlc’8..19 23 q-F 117*4 J’l y ’o7 F-A St Paul As Dul 1st 5 s . . ..1931 100 Oct ’ 07 2d 6 s ..................................1917 A-O 9 8 4 Cot ’00 1st consol gold 4 s......... 1908 J-l) 93 Aliiy’Uc 82 ....... W ash Cent 1st g 4 » .......... 1948 -M 114 J a n ’08 114 114 Nor Pac Ter Co 1st g Os..1933 r .J .........113 Nor Ry Cal Nee So Pac Nor W is Nee C St P Al <fc O Nor A Mont Nee N Y Cent lud As W Nee C C C As St L lilo Riv R R Nee Balt As G Ore As Cal Nee So Puo Co Ore R R A N av Nee Un Pao Ore Short Lino Nec Un Pao Oswego As Rome Nee N Y C O C F As St P Nee C As N W 1047g F eb ’08 1014105 ac Coast Co 1st g 5 s 1940 J-D 104 105 ac of Alissouri Nee Alo Pac 105 Jan ’08 102 105 Ponu R lt 1st real est g4s.X923 M-N 10 0 100 Consol gold os................... 1919 M-S 1 0 6 4 ....... 105 Nov’O 10 1 Deo’07 Cousol gold 4 s................... 1943 M-N 92*8 93*V 93 4 salb Convertible g 3 4 s ............1912 M-N 9 1 4 94 4 89 89 88 89*, Sal*914 Convertible g 3 4 s ............1915 J-D 94 ........ 99 J’ne’o7 Allog Val gen gu g 4 s ...194 2 M-S D R lt RAs Bgo 1st gu 4 s g .’3G F-A 107 4 Oct ’Oo Plilla Hal As W 1st g 4 s ..1943 M-N 102 J a u ’03 Sod Bay A; So 1st g 6S ...19 24 J -J U N J K it & Can gen 48.1944 M-S 100 ....... 1104 S ep ’<M 103*4 1 0 3 4 102*4 1 0 4 4 Penh Co—Guar l s t g 4 4 s . 1921 J-J ......... 104 1**34 J’l y ’ 07 Registered........: ............ 1921 J-J 90 4 J’ ne’OO Guar 3 4 s coll trust reg.1937 AI-S 83 4 ___ 84 May’07 83*4 90 Guar 3 4 s coll tr sor B ...1 9 4 1 F-A Tr Co cortlt’s gu g 3 4 s . l 9 i 0 Al-N 92 4 ......... 93 Oct ’07 81*4 89*4 89 Oct ’00 Gu 3 4 s tr ctfs C ............... 1912 J -D 90 4 Alar’ OO Gi. 3 4 s tr ctfs I)............... 1944 J -D * 83 ........ Sale 93*8 93 7g 90 96 Guar 16-25 year g 4 s ___ 1931 A O 110 J a n ’05 Cl As Mar 1st gu g 4 4 s . .1935 M-N Cl A* P g e n g u g 4 4 s s e r A .’42 J-J ' 99**4 . . . . . 108*4 Aug’03 Series R ............................ 1942 A-O 100 ........ 9 8 4 Dec’05 Series C 3 4 s ................... 1948 Al-N > 8 5 ........ 90 J an ’04 Series D 3 4 s ................... 1950 F-A * 85 ........ P ......... 113 *4 1 0 7 4 .. lot) 81 88 89 8 0 *4 ....... 93 4 94* 75 77 73 ........ 75 77 96*8 ■ 109 107 4 110 4 117 4 113 Nov’07 Jan ’ 1*8 Atay’U. M ar’o 6 J’ly ’u4 99 81 Jan ’08 81 88 4 89 *4 H.S-V J a n ’ On 94 94 70*4 77 73 73*4 77 4 Feb ’ 08 71 N o v ’ 07 102 F e b ’ 07 102 AIar’0-1 107 F-A 794 F-A M-N A-O J-J F-A 3 3 4 40 F-A 95 J-D J-J J-J J-J 75 J-J * . . 89 A-O 103 104 J-J 1 0 2 4 1 0 0 82 Jan ’08 . . . . 75 Nov’ 07 107 4 Oct ’04 10 2 4 A p r’OO 95 A p r’02 __ _ 142 38h 41 107*8 Deo’04 107 Muy’97 105 J MKS 105 Oct *00 73 Fob’07 89 F eb’Ob 103 lo.l 2 104 Feb’08 107 87 4 88 ■ ’'a ul 70*4 73 74 4 82 91 88*8 94 82 77 81 HON U S—Continued on Next Page 82 ..................... ..................... 38*4 61 ..................... .................... 8 ! 4 39 luO 1 0 : 4 99 101 T e leg ra p h anil Telephone Am Telop As Tel coll tr 4s 1929 Comm Cable Co 1st g 4 s ..2397 Alet T As T 1st s f g 5s........1918 M ich. State Telep. 1 st 5 s .1921 N V As N J Tot gou g 5 s ..1920 W est Union col tr cur 5s. 1938 F*l ami real est g 4 4 s . . .1950 Conv 4s, Senes A ........... 1930 .Uut Un Tel s fund Os...1911 .llunufncluring A Industrial Am Cot Oil ext 4 4 s ............1915 Am Hide As L 1st s I g Os..1919 Aiuer Ice Secur deb g Os.. 1926 Am Spirits M fg 1st g Os..1915 Am Thread 1st col tr 4 s ...191 9 Am Tobacco 40-yr g Os___ 1944 4s................................... .....1 9 5 1 1**0 100 100 J a n ’08 Do Bar (J & 1 Co tfu ^ Gs.lUlU F-A 30 i 81 Valrnn Coal AsCo 1st g 6 s. 194 9 M-S ♦ 3 5 4 *87 4 80 874 93 4 Feb’07 Victor Fuel 1st s t 5 s ......... 1953 J-J •'No price Friday; latest bid and asked. aD ueJan bD uoe'eb cD uo.Jur tfl)uo-Vpr h Due J’ly k Due Aug Price JriaiMi Peb 74 O iH lSO K bL INEOUs* Con 1 and Iron Col F As I Co gen s t g 6 s ..1943 Convertible deb g 5 s___ 1911 Col Fuel Co gen gold Os. 1919 Ur RlvCoaUL C 1st g 0 s l9 l9 Cloart Bit Coal l s t s 14 s ...19-10 Col Indu 1st A coll 5s g u .. 1934 Contlu’tal C 1st s t gu Os g.1902 Jon A Clear C A I 1st it 5s. 1920 Kan & U C A O 1st s f g 5s. 1951 Pleas Val Coal l s t g s t 5s. 1928 Sunday creo.t Co g 6 3 ___ 194 1 Tenn Coal gen 5 s...............1951 i ’onn Div 1st g Os....... l ; 1 17 Birin Div lstconaol Os..1917 409 N ew Y o r k Bond B-ecord— CJontinued— Pa^e 3 F e b . 15 1908.1 J-J Q-J M-N F-A M-N J-J M-N MN M-N Q-F M-S A -0 M-S J-J A-O FA 89 .89 85 80 894 07 P8 83 101 Sale 6 2 4 Sait. 75 4 72 104 924 105 4 89 85 77 104 J a n ’ 08 Nov’07 F eb’07 Jau ’08 . . . . J’l y ’ 03 F e o ’ 06 6 85 F eb ’08 A p r’07 8 8 4 F eb’ 08 i 76 76 60 60 1 97 J a n ’08 ___ 83 J a u ’08 1 0 0 4 1 0 1 4 72 624 6 3 4 199 754 764 924 *92*4 88 85 76 94 88 774 86 76*» 60 91 83 90*4 604 •24 6d 97 83 106 694 o Due (Jet p D as Nov { D ro 9 e « gOjptlsn1 4 l0 Mew Y ork Bond R ecord — Concluded— Page 4 lJONDf-i N . Y . STOCK E X C H A N G E W rkk E nding F eb 14 Penn Co—{Continued) Is ) J-J L) J-J J-J 2 j .j 2 j -j A-C 1 M-N 2 A-C 2 M-N 5 M-N J F-A -; J-D A-O 1 Peo <Si East See O C O & St L Peo Ai Pek Un 1st g Os.. ' 2u gold 4 *us.................... Pere M arc—Cliifc W M a Flint & P M g t>8........... Phil B <fc W Price Friday Feb Xi Weekts Range or Last Sale Range Since January 2 aqto Rid * 85 * 85 Ask Low Utah rVo Low High ........ 92 A p r’ O' ........ 9834 A p r’ 04 . . . 10 2 ........ 108 S e p ’01 ♦107 ........ 12758 Oct ’Of .................... K 9 J’ne’Of ................... 119 A p r’ 0<l . . . ♦ 1 0 1 ........ 110 Muy’Of 107 ........ 108 J a n ’01 103'' 10 8 100*4........ 107*4 J’ly 'W . . . 10 2 ........ 112*3.i ’ iip’0{ * 95 ........ 1003« Mar’0r :::::::::::: 80*4 ........ 91 F eb’O' ................... ..................... 111*4......... 109 J an ’06 . . . Q-F 103 M-N J-C •ioo M-N A-O lj’-A ......... 123 *s Jan ’Or 100»4 D ec’O.' ......... 100 A p r’02 112 *2 Aug’ 01 ......... 10034 A p r’07 ......... 106 100*2 S e p ’00 ................... .................... .................... Set Penn RK J-D Pit ts Clove & ToL Pitts Ft W <Xs Ch A-O j-j Pitta iSs W est See B & O 94*4 03 92 Sale ......... 85 93*a 94*2 91 J a n ’08 02 -2 93 91 80 07*2 01 04 Jan ’08 . . . . 85 85 02 85 ..................... 4? 114*4......... 113*2 Fob’ 08 113 105*4 Jan ’08 103 90 Jau ’ 08 90 102*4 A a g’06 00 M Sale 09 71*2 08 09 98 Nov’OU iia ......... 08*2 ......... u 90 83 ......... 05 7s ......... 03 Sale 89 31 F el.'08 05 ' l 7 10 1 *s A p r’07 47 Sale ......... 85 82 114*2 7234 84*2 8 9 *4 07 70 01*2 6 0 3g 07 03 D ec’07 128 D eo’oO l'Ob’08 A p r’01 98*2 100*4 Oct ’00 i o i ......... 1 o l *4 Jan ’08 80 ____ 104 . . 124 May’05 123*2........ 128 Jan ’08 130*4 Msy’OO ib y ......... 105 D ec’07 109 ......... 115*2 D eo’OO 82 00 75 D e c’07 88 103 78 ....... 10 1 120*4 128 y, 128 134 i o 4 °8 lo o s 105 110*s I uxj 78 ......... 98*2 ■........ ill 08 114»« 105*4 1 128 i ’0’2 3 128 ib b >2 91 ' ' Oh *2 i b i *4 ib i ‘4 12 8 " i'28 " ^TtTTTTTTTi 102 82 S e p ’07 O c t ’05 0 73 83*4 110 47 90 40*2 D eo’07 34 45 55 88 J an ’07 u0*2 Mar’oo 107*4 Aug’OO *......... io o ” ......... 100 ...... ...... 34 85 ......... 84 00 Sale 09 *2 Mar ’06 90 110 loO D ee’07 Jau ’06 Mar’07 ..................... ..................... 8 4 J.j 23 8334 87 84 J’ ue’U7 05 90 42 91 99 OSKg J’ne’07 83 -83 ~ 8 ' 8 0 " ' 83*4 83 85 ......... 88 88 88 88 88 90 ......... 103*2 A p r ’07 104*3......... Of J au ’08 Lo7 io7 ......... 106 LOO '4 J’ly '00 10 0 10 1*2 101 J a n ’03 100 1 0 1 04 Aug’OO no 109*4 ____ n o 1 109*4 i 10 100*4......... 107 °8 Nov’07 ......... 90 88 J a u ’oS 38 88 10 D ee'00 09*2 Feb’00 ...................... lUiMCELLANUOUM iHmiufncturing iXc Industrial Beth Steel 1st oxt s f 5 s .. 1926 J-J 85 90 Aug’OO Cent Leather 20-year g 5s. 1925 A-O 00 Sal6 90 91*2 76 85L 93 ConsolTobucco50-yrg -Is. 1951 F-A 02 02 *2 14 02 03 Distil Sec Cor conv 1st g 5 s .’27 A-O 70 07 7« 7 0 ‘, 08 107 In t Paper Co 1st con g Os.1918 F-A 1 0 2 *, 103 102*2 102*2 1 102 105 Consol conv s f g 5 s........1935 J-J 84h 84*2 Fob’08 81*2 80 In t St Pump 10-yr conv. Os ’13 J-J 91 J a u ’08 91 90 02*2 Knicker loo (Cliic) 1st g 5 s .’ 28 A-O 07*2 Got ’05 Lackayv Steel 1st g 6s ___ 1923 A-O 89 Feb ’ 08 84 85 84 89 N at Starch M fg Co1 s t g Os 1920 M-N 83*2 Aug’07 7GU N at Staroh Co s f deb 5 s ..1925 J-J 70 A p r’07 75 R e p u b lA S 1st A coltr Cs. 1934 A-O 91 80 D eo’ 07 U-~> Leath Co s f deb g 0 s ..l9 1 3 M-N 103 103*v 103 }j io i 103 103 U S Realty A I conv deb g5s.’24 J-J 05 05 OS 07 0 05 70 U s steel Corn— ( coup .<11903 M-N 83*2 Salo 8 0 7s 88*2 1131 85*2 89 *« Sf 10-00 yr 5s. ( reg ..<11903 M-N ......... 8 0 7a 88 0 8 5 \ 89*2 Va-Car Cham col tr 5s g .,1 9 1 2 A-O ' b ' i " 89 Jau ’08 80 89 WeNtlnghouse K A M s t 5 s ’31 J-J 70 Hale 09*2 72 20 09*2 75 _______________________________ _______________ N o price Friday; latest biu amt asked this week, a Due Jan 2 j \ Price. LYidau Feb Id Gauge Since January X Week's Hamje or Last Sale /lid A sk Low Southern Pao Co— (Continued) High. Low H igh r> H O I ,_____ 127 Sep ’06 Morgan’s La & T 1st 7s. 1918 J ....... 110 Nov’OO 1st gold 9s.......................1920 O ........ 112 Fob’07 No of Cal guar g 5 s ..........1938 J I< * Ore A Cal 1st guar g 5s. 1927 9 734 Nov’07 J 9.< So ‘ of A r g u l s t g 6 s ...c l 9 0 9 98 *uJan ’08 9 8 *o 98*2 1 9 J1 1 st guar g 6s ...............cl910 101 D e e ’07 So Pacific of Cal— 0 104 107 A p r’ IstgO sseries E A F ...1 9 1 2 114*2 Dec ’04 1st gold 9 s.......................1912 N ..................... 110 Mny’07 1st con guar g 5s.......... 1937 104 M ar’O S Pao of N A lex 1st g 9 s .. 1911 J ......... " " " So Pao Coast 1st gu 4 h g. 1937 S ........ 107 *3 F e b ’07 Tex A NO -Sab D1v 1 s t g 9s. 1912 ......... J ..... 90 F eb ’08 Con gold 5s..................... 1943 95*4 90 1 89 tiaio 88*3 89*. o Pac RR 1st ref 4 s ......... 1955 87 >-1 93 j bs ;Saib ' 88 h Southern—1st con g 5 s . . ..199 4 85 97 ........ Nov’OO Registered.......................1994 80 3 *0 J an ’08 Mob A Ohio coil tr g 4 s .. 1938 77 75 loo ........ Jan ’08 Mom Div 1st g 4*0-53...1990 102 10 2 >a 75 ........ Jan ’08 St Louis div 1st g 4 s___ 1951 72 70 Jau ’00 Ala Cen R 1st g Os......... 1918 J’ uo’OO A tl A Danv 1st g 4 s........1948 J ’ u c ’ OO 2d 4 s ................................. 1948 ) ..................... A tl A Yad 1st g guar 4 s .1949 ......... 105 111 Fob’07 Col A Greeuv 1st Os........1910 1 1 0 « J’l y ’07 E T Va A Ga Div g 5 s ..1030 *105 105 105 Con 1st gold 5 s ............. 1956 105 106*. 90 99 110*2 J’ no’07 E Ten reor lien g os........1938 05 Sop ’07 08 ........ Ga Midland 1st 3s...........1916 *100*13 100 ......... Jan ’08 Ga Pac Ry 1st g Os......... 1922 iob ‘ io o ” 108 Jau ’08 Knox A Ohio 1st g O s...1925 107 108 8 7 * 2 ......... 115**8 A p r ’00 ilobib Bir prior lieu g5a 1945 83 Out ’05 ......... Mortgage gold 4 s......... 1945 Jau ’08 Rich A Dan con g Os....1 9 1 5 107 107 99*2 Oct ’ 07 Deb 5s stamped............. 1927 98 Fob’05 Rich A Meok 1st g 4 s . . .1943 95 Dec ’07 00 >2 So Car A Ga 1st g os___ 1919 ♦100 Oct ’00 Virginia Mid ser C O s...1910 100 Dee ’00 Scries D 4-5s.................1921 D eo’05 Sorios K 5 s ...................... 1920 Oct ’ 07 100 ......... General 5s...................... 1930 May’07 ......... Guar stamped........... 1930 78 90*2 90** Jan ’07 W O A W 1st oy gu 4 s .. 1924 Sep ’07 ......... W est N C 1st con g Os..1914 S A N Ala See L A N ......... L17 J’l y ’00 Spok Falls A Nor 1st g Os.1939 Xu2*a _____ 111 J’ly ’07 ’ I 'er A of St L 1st g 4 V s ..l9 3 9 100*6 ......... 10 h F o b ’08 ib «*4 iii A 1st con gold 5s___ 1894-1944 00 90 *2 Jan ’(>8 . . . 90*2 90*a Geu refund s t g a s......... 1953 101 °s ......... .11 D eo’OU St L M Bgo Ter gu g 5 s .1930 Tex A N O See So Pao Co 111 *4 Sale . 11 *4 U l * . 4 109 112*2 t'ex A Pac 1st gold 5s........2000 92 Nov’OO 2d gold iuo 5s.................. i?2000 Mar ’00 La Dlv B L 1st g 6 s ........1931 ......... Nov’04 W Min W A N W ls t g u 5s ’30 iOiNa ......... 1 Jan ’us iii’i " io o 3* Tol A G O 1st g 5 8 . .. . .. .. .1 9 3 5 101 *6 ......... 1 Muy’04 Western Div 1st g 5 s ...193 5 05 ai Jau ’ 0 General gold 6 s ................. 1935 05 *2 93 88*2 89 J a n ’08 Kan A M 1st gu g 4 s ___ 1990 84 89 80 80 *a 81 2 V0,,4 Tol P A W 1st gold 4 s ....1 9 1 7 83 *2 J a n 87*2 Tol St L A W p rllen g 3*gs.l925 8> 80 *i i 70 7o u> 07 60-year gold 4 s .................1960 73 95 Dec ’Up Tor Ham A Bull 1st g 4 s ./tl9 4 0 iu i i o o " 05 J a n ’08 lster A Del 1st con g 5s 1928 HU 105 " 93 Sep ’O0 1st refund g 4 s........... 1962 09*s 100 U n P u c R R A 1 gr g 4s ...1 9 4 7 J-J Vuo Suit 153 09 102 •r-J ......... 1 Registered....................... 1947 93 *2 100 *4 60 *2 San t>4 ‘3 20-yr conv 4 s .....................1927 j . j Wo 84 87 7» 9 4 :ia 9i*y 95 Uru Ry A Nnv con g 4 s. 1940 j - u 91 90 h L17 Sale Ilf Ore Short Lino I s t g O s ..1922 -A 20 U 5 lv o q . 111**. 1st consol g 5 s ................1940 -J 1 1 1 *2 Sale 1 4 100 111*2 a f Ke Sale 8 i ‘4 88 Guar reiund 4 s ..............1929 J-D 35 *2 8 9 7s &7:,4 M ai’ 117 Registered................... 1929 J -D out ’ol Utah A Nor 1st 7 s......... 1908 J •J luu ......... 1 J.J Oo ^ ......... 1 Gold 5a.............................. 1920 Um N J lilt A C Co See Pa RR Utah Central See Rio Gr Wes Utah A North Nee Un Paoilic Utica A Black R See N Y Cent 91*u Oet ’07 / am lal la consol g 4s — 1955 F-A 98 Sop ’00 ora Cruz A P 1st. g u 4 *28 193 4 J-J Ver Val Ind A W See Mo P Virginia Mid See South Ry 99 Jan ’ 08 Va A Soutliw’t 1st gu Os.2003 J-J 100 99 99 107 l ‘J 1 105*4 10934 \A/ abash 1st gold 6 s ........1939 ■VI-N 105 107 87*2 0 1 90 87* 3 90 VV 2 d gold Os................... 1030 F-A 94 J’ne’i Debenture sorios A ........1039 J-J Jau ’08 4i> Senes B .............................1939 J-J 44 45 J’lio’O Certificates of deposit— F e b ’08 1 1st Hon ouuip s fd g 6 s ..1921 M-S ♦......... 10 2 LOO 102 M ai'00 1st lien 50 yr g term 4 s .1954 J .1 41 “4 0 “ 1st ref ami ext g 4s ....1 9 5 0 J .J ' 22 40 ” " 47*2 Oct ’07 D e t A C h Ext I s t g O s ..1941 J-J Nov’O 1 Dea-Moin Dlv 1 st g 4 s ..1939 J-J A-O Feb’07 Oui Div 1st g 3 *as........... 1941 .................... 9 0 :*a J ’n o ’O’i Tol A Ch Div 1st g 4 s . . . 1941 M-S ..................... 1 Muy’07 St Clias Bridge 1st g Os. 1908 A-C ......... 43 43 45 Sale Wab Pitts Term 1st g 4 s .1054 J-D 27 43 GO 10 1 0 3, ai 10 10*4 10 2d gold 4 s ............................ 1954 J-D 10 Warren Nee Del Lao A West Wash Cent Ned Nor Pao Wash O A W See Southern _ 80*2 Wash Ternil 1st gu 3 *48. . 1945 F-A 68 *2 Sale 00 68*2 W est Maryland I s t g 4 s ...l 9 5 2 A-O 20 68*2 00 3 9 ’, 39-', 40 Gen A conv g 4 s .............. 1952 A-O 2 3934 47 103 1 W Va Cent A P I s t g O s 1911 J-J Jau ’ 0 8 W est N Y A Pa 1st g 6 s ..1937 J-J 109 *2 ......... 1 108 '2 1 1 1 Gongold 3-4s.....................1943 A-O . . . . b /*8 8734 Income Os........................ <<1943 Nov ./e s t N o C a r N’eo South Ry . 1 Wlieel’ g A L E 1 st g 5 s ... 1920 A-O ......... 103 10 0 Wheel Div 1st gold 6 s ..1928 J-J ......... 103 1 Kxton A Imp gold 5 s ...1 9 3 0 F-A 98*4 08*2 M-S 71 71 *2 R R 1st consol 4 s............... 1949 16 71 72*2 20 -year equip s f os ...1 9 2 2 J-J 95*2 l ’ likes A East See Erie W il A Sioux F See St P M A M 83 Sale 32 85 81 *2 ’08 U \ b 00 J-J J.J Jersey Cout coll g 4 s . .. 1951 A 0 Rensselaer A Sar See U <& U Rich JS Dun See South ity Rich <& Meek See Southern Bio Or W est See Den A Rio Gi Rocli <fo Pitts See B It ife P Rome W at <& Og See N Y Cen Rutland See N Y Cent T ub <fc II See P ere M arq S ag t Jo A Qr lal 1st g 4 s ...194*1 J.J St L 35 Cairo See Mob A Oiil< St L A Iron Mount See M P B tL K C A M See W abash e t L M B r See T R R A of St I St Louis A S an Francisco— General gold Os................. 1931 J-J General gold 6 s..............1931 St Pi ib S F Kit cons g 4 s . . ’9 Southw D iv I s t g O s ..194 A-O Refunding g 4 s .......... 1951 J-J 5-year gold notes 4 *2 .-19 08 J -0 S t L M & So E a stg u 4 'v g l9 0 9 K O' Ft S ib M con g Os.. 1928 K C Ft S ib M By rot g 4s 1939 A-O K C ib M it ib B 1st gu 5s. 1929 A-O Oz’rkib Cli C l s lg u o s g.1913 A-O St Pouis So See Illinois Cent M-N J -J J-D Gray’s Pt’Ter l s t g u g 5 s 1947 J-D St Paul <b Bui See Nor 1 " St Paul M <& Man 2d 9 s .. A-O J-J J-J Beduceil to gold 4*23 . . 1933 J -J Registered................... 1933 J-J Dakota ext gold 9s......... 1919 M-N Mont ext 1st gold 4s___ 1937 J-D Registered.......................1937 J-D E Minn 1st dlv 1st g 6 s ..1998; A-O Nor Div 1st gold 4s___ 1948 A-O Minn Union 1st g 9s___ 1922 J-J Mont C 1st gu g 9s......... 1937 J-J Registered.......................19 3 7 J-J 1st guar gold 5s........... 1937 J-J W ill & 8 1' 1st gold 5s. .1938 J-D St P <b Nor Pao See Nor Pao S tP ib S’ x City ASee C St P 51 ibO S A A A Pass I s t g u g 4 s ...l 9 4 3 J-J S Fo Pres ib Pii 1 st g 5 s ...1 9 4 2 M-S S F ib N P 1st sink t g 6 s . 1919 j .J Sav F <& W est See A tl Coast L Scioto Val lb N E See Norib W Seaboard A ir Line g 4s ...1 9 5 9 A-O Coll tr refund g 5 s ......... 1911 M-N Atl-Blrm 3 9-yrlst g 4s.«1933 M-S Car Cent 1st con g 4s. ..194 9 J - J Fla Con & Pen 1st g 6s. 1918 J-J 1 st land gr ext g 6 s . ..1 9 3 9 J-J Consol gold 5s................ 19 4 3 J-J Ga ib A la Ky 1st con Os o 1945 J-J Ga Car ib N o I s t g u g S s 1929 J J Scab <b Boa 1st 5 s........... 1929 J-J Slier Shr ib So See M K ib T 811 sp Oca ib G See Atl Coast L So Car ib Ga See Southern Southern Pacitlo Co— Gold 4 s (Cent Pac coll).A:1949 J-D Registered.................. PI 949 J-D Cent Pac 1st ref gu g 4s 1949 i' - A Registered..................... 1949 F-A Mort guar gold 3 1gs..P1929 J-D Through St L 1st gu 4s ’54 A-O Gal lia r ib S A 1st g 6 s ..1919 F-A M exib Pac 1st g 5 s ....1 9 3 1 M-N ^ Glia V G ib N I s t g u g 6 s .l9 2 4 M-N Hous E »b W T 1st g os.1933 M-N 1st guar 5s red........... 1933 M-N H A T C 1st g 5s int g u ..1937 J-J Consol g Os int g u a r... 1912 A-O Gen gold 4s int guar..1921 A-O W aco A N W div 1st g Os’39 M-N A & N W 1st ini g 6 s ___ 1941 J-J 108*\s......... 107*2 D eo’ 07 93 7s J’l y ’97 B O N DM N. Y. STOCK E X C H A N G E W eek E nding F kb 14 [VOL. LXX XVI. B O N D S—t loiicludod. iHiacelluneoiiti Adams Ex col tr g 4 s ......... 1948 M-S A m S S C o o f W Va g 5 s ....1 9 2 0 M-N B’kl’ u FerryCo 1st cons g 5s ’48 F-A CliicJo A 8 1 Yard colgS s.lO lO J-J DetM A 51 ldgr incomes.. 1911 A-O Int Mercan Marino 4 *28 ..192 2 A-O in t Navigation 1 st s f 5 s .1922 F-A Man Bell H A L gon g 4 s .. 1940 .M-N Nowp No Ship A D 1)Os<11990 J -J N Y Dock GO-yr 1st g 4 s ..1951 F-A Providence Seo dob 4 s___ 1967 M-N Provident Loan See 4 *2 8 .19 2 1 M -S St Joseph Stk Yds 1st 4 *28 .19 30 J - J St L TerCupplesStat’n A Prop Co 1st g 4 *28 5-20 year..1917 J-I> S Yuba W at Co con g Os.. 1923 J - J Sp Val W at Works 1st Os. 1006 M-S U l8 Red A Ref 1st s t g Os. 1931________ 6 Dae Feb d Dae Apr • Due May g Due J"ne 88 Sale 88 83 11 83 1oo34 j ’no’02 41 O c t ’00 ioo J an ’ c 8 100 70 Siqi ’00 •U Fob ’08 Oil’ 7 7 34 Fob ’08 76 50 F eb ’02 04*2 . 83 70 89 85 89 Get ’07 99 100 Mny’OO Sep ’05 4 06 *2 77j4 85 *2 ii' 2 " J’ iy ’04 113*2 Ply'Or 00 Aug’Oi A Duo J’ly p Duo Nov lOnttmi Sale CHICAGO STO CK E X C H A N G E — Stock R ecord— D aily, W e e k ly and Y ea rly STOCKS— HIGHEST AN D LOWEST SALE PRICES Saturday Feb. 8. Monday Feb. 10. * ___ 1721" 172 *_ _ 2 2 *H " 1*4 1*1 * ____ 10 * 10 ♦ 15 16 16 15 16 *40 *75 ♦____ *45 * ____ * ___ * ___ 43 76 19 47 40 2H" 50 71 28*s 283, 9112 91*i * ._ _ _ 30 *40 43 *75 77 17 * ___ *45 50 ____ 40 * ____ 211" ♦____ * ____ 50 ♦____ 68 ♦____ 68 281s 2812 2S*8 *9012 *9012 94 * ____ 30 Us *1 43 77 19 ____ ____ 2112 60 71 28*8 94 30 30 90 45 *1 * ____ * *40 Ih 281* 94 45 *1 l's *4 *4 *4 5 5 5 *2434 26 *24 26 26 *25 11473 115 114U 1151" 1151" 115 12 no 88 12434 30 110 86 12434 31 11012 85 122 30 1101" *1081" 110 85 85 85 124 12U" 1231? 30 *30 31 727. 727k 721s 7212 72 74 107 1073s 107*4 107?k 10618 10 s *51 *5212 55 *521" 65 55 * ____ 103 *100" 103 * ____ 103 *25 *71 9312 *130 96 *1*8 1034 10 — 26 * __ 74*4 *74 99'f 97*4 134 130 90 951" *1*3 l*f. 11 *10*4 16 15 .... .... 25is 25is 74 74*i 97 981* 130 *125 96 95 15s *1*3 10*8 U ‘4 *1412 15 .... 25l8 74 97*4 130 95 1*8 11 15 Last Last Last Last .... .... Sales ot the Week Shares *4 4 I4 4>8 414 47 47*8 46*4 47 Last Sale 135 Jan’08 *117 127 *117 127 *50 ____ *45 50 95 95 95 95 Jan’08 Last Sale 42 2812 29 29 * . . Jan’08 Last Sale 96 Sep’07 Last Sale 45 Last Sale 165 Mch’07 Mch’06 Last Sale 16 Oct’07 Last Sale 1 Nov’07 Last Sale > *24 25 25 25 115»2 110 *114*8 115 *108 110 *10812 110 *85 86 86 80 123 123 12314 123 3012 3012 SOI4 3014 Last Sal 31U Nov*05 Feb’06 Last Sale 80 Aug’07 Last Sale 41 Last Sale 2*2 June’07 lAxst Sale 26U July’07 747g 74 74 74?s 106 106 107 107 Feb’08 Last Sale 55 Feb’OS Imsi Sale 103 May’05 Last Sale 5*4 Feb’OS Last Sale 85 25I2 2512 25lS 2518; — „ 72l2 72l» 74 74 97*g 95*8 9712 951» 125 125 *128 130 95 95 95 95 li 2 Feb’OS * 1*8 1*8 1114 10*s 10*4 * 10*4 *14 15 *14 15 414 414 41" 4712 48l’>s 47 ____ ____ *125 127 Z117 117 55 *50 55 95 95 96 *28 *94 *40 30 97 45 *28 *94 *40 Friday Feb. 14. Jan’08 Last Sale 175 * 1*4 2 2*4 2*4 Feb’08 Last Sale 1512 15*2 *15 16 2*4 23, Last Sale 1 8 * " Jufy*07 Last Sale 4234 Feb’OS Last Sale 79 Jan’08 -----19 18 18 *44 45 45 45 Last Sale 46 July’07 Last Sale 20 Jan’08 Sep’07 Last Sale 60 *66 68 67 07 2812 29 28U 28*4 93 »112 91*.i *91 Last Sale 33 July’07 172 2 10 15 *40 *75 17 *46 414 U *414 4*S 48 48*3 49 *125 *125 *11612 127 *U612 *50 50 50 95 * ____ 95 Wednesday Feb. 12. Tuesday Feb. 11. Thursday Feb. 13. ................... Sale Sale Sale Sale 32l2 10 16 4 Jan’07 Nov’06 Mav’n. Nov’06 Railroads Chicago City R y _____ 100 83 Chicago & Oak P a r k .100 Do pref____________ 100 637 Chicago Subw ay______100 200 Chic Union T ractlon.100 Do pref____________ 100 Kans City R y & L t - .1 0 0 Do pref____________ 100 24 Metropol W S E lev___ 100 155 Do pref....................... 100 North Chicago Street-100 Northwestern E lev___ 100 Do pref____________ 100 80 South Side E lev a ted ..1 0 0 660 Streets W Stable C L .1 0 0 120 Do pref.......... ............ 100 W est Chicago S tree t..1 0 0 Miscellaneous 537 American Can_________100 Do pref....................... 100 677 American R a d ia to r ..100 Do p re fi___________ 100 * "i 10 Amer Shipbuilding— 100 Do pref....................... 100 162 Amer Straw Board_______ Booth (A) & Co______100 Do pref____________ 100 Cal & Chic Canal & D .1 0 0 Central Trust B a n k .-100 Chicago Auditorium ______ Chic Brew’g & Malt’g ------Do pref________________ 50 Chic Pneumatic T o o l. 100 33S Chicago T e lep h o n e.i-100 51 Chic Title & Trust___ 100 290 Commonw’th-Edlson.lOO 518 Diamond M atch---------100 494 Illinois Brick.................. 100 Knickerbocker I c e . . 2100 Do pref....................... 100 Masontc Tem ple______ Mllw & Chic Brewing.. Do pref_____________ 349 National Biscuit--------- 10 0 155 Do pref....................... 100 National Carbon______100 Do pref____________ 100 Page W o v Wire Fence— People’sGasL&Coke-.lOO 60 Sears-Roebuck c o m . . 100 Do pref....................... 100 79 2,021 Swift & C o____________ 100 30 The Quaker Oats C o. .1 0 0 Do pref____________ 100 176 Unit Box Bd & P C o-100 Do pref____________ 100 525 55 Western S to n e _______ 100 Mining Bingham Con M ining. 50 Black Mountain--------------D aly-W est......................... 20 H ubbard-Elliott.................. BONDS American Biscuit 6 s . .1910 Am er Strawb’d 1st 6 s .1911 Cass Ave & F G (St L) — 5s.....................................1912 Chic Board of Trade 4sl927 Chicago City R y 5 s . ..1 9 2 7 Ohio Consol Br&MIt 0s____ Chic Consol Trac 4 J^r- 1939 Chic Auditorium 1st 5sl929 Chic Dock Co 1st 4 s . .1929 Chic No Shore Elec 6 s . 1912 Chic te Mil Elec R y 53.1910 Chic Pneum Tool— 1st 5s......................... al921 Chic U 1 & P R R 4 s . .2002 Collat Trust g 5 s . ..1 0 1 3 Commonw’nlth-Edlson— Chic Edison d e b 6sl913 1st g 5 s ......... July 1020 Debenture 5s-------1026 Commonw Elect 5s6194;i Illinois Tunnel 5s____ 1928 Kan City Ry ALtCo 5s 1013 Knlck’ b'ker Ice 1st 5 s . 1928 Lake Street El— 1st 5s............................1928 Income 5s___________ 1925 Metr W Side E l— 1st 4s_______________ 1038 Extension g 4s_____ 1938 North Chic St 1st 5 s . .1909 1st 5s_______________ 1916 Refunding g 4 H S ..1 9 3 1 N o Chic C lty R y 4H sl927 North Western El— 1st 4s............................1911 160 Jan 15g Feb 8 Feb 15 Feb 234 Feb 24 40i2 Jan 9 17 _ A Price Friday Feb 14 Bid 17 42 - j — j - 10 11 ; .... $9512 Sale j D A J D A O O J J - J M- N M- S .... .... ____ — - 55 100 98 —.. 7012 7H 2 ____ . . . . — — .1 - J "981.1 A - O AV - S $9778 98l.i M - 8 98*4 99*> ____ ____ J - D 96 M- N 93 A - O J - J Feb — F J J J A M- ____ — ____ — A J J .1 O N 89 M- S 85 .M- N — ,J-D 4.40s ......................... 4.60s Series E ___________ M - N 4.80s Series F ............... .. M - N A - O tlii 'M- S 100V4 J -J ij - D ' M - N ____ 1J - J 98* 1J - J i A - O t— M -N i .......... ____ 1 M - N •. . . . )P - A 1J - D ! M - N I I II ! J - J -I-I ) A - O — 881* — 84 83l2 — — Sale 87 — Jan 27 2*4 Feb 13 8 Feb 3 21 Jan. It 234 Feb 13 46 79 19 50 Jan 10 Jan 6 Jan Jan Jan Jan 14 20 22 23 20 Jan 31 20 Jan 31 65 27 90 71 29 92 Jan 13 Feb 4 Jan 16 Jan 6 Jan 3 Jan 23 4 Feb 13 4112 Jan 2 125 Jan 10 lie u Jan 31 46 Jan 7 91 Jan 2 42 Jan 9 24 Jan 3 90 Jan 10 2214 Jan 2 106 100 80 113 30 Jan 3 Jan Jan Jan Jan 22 70 Jan 10134 Jan 54 Jan 102 Jan 3 2 7 3 8012 Jan 24 Jan 72 Jan 88l2 Jan 114*4 Jan 87 Jan 1*8 Jan 10 Jan 15 Jan 3 24 16 2 5i2 Jan 52 Jan 135 Jan 117 Feb 55l2 Jan 951" Feb 42 Jan 30 Jan 98 Jan 11 10 31 11 16 7 9 11 27 28 120 HI 90 125 39 7 14 4 10 29 14 Jan Jan Feb Jan Jan Jan 76 Jan 30 IO8 I4 Jan 22 57 Feb 1 104l2 Jan 89 Jan 15 2512 Feb 13 10 77 Jan 9978 Jan 134 Jan 961, Feb 1*4 Jan 12 Jan 16l2 Jan 6 27 29 4 1 21 150 Mch 1*4 Nov 10 Oct 11 Oct 214 Dec 14 Apr 28 Nov 68*4 Nov 17 Dec 43 Nov 341" Apr 20 Sep 58 Apr 60 Nov 26 Oct 95 Apr 20 Mch 205 Apr 5 Jan 16 Apr 461" Jan 6 I4 A p r I 9I4 Jan 65 Jan 87 Jan 28 Jan 72 Jan 47 J’ly 251" Jan 66 J’ly 90 Jan 34 Jan 99 May 35 Apr 3 Oct 3412 Nov 120 Dec 112 Nov 30 N ov 83 Nov30 Jan 25 Dec 90 Dec 45 Oct 165 Feb 7U Apr 60 Apr 140is Sep 130 Apr KOI2 Jan 109 Jail 40 Mch 40 J’ne 111 Feb 54 Jan 165 Feb Jan Aug 21 Dec 15 Oct 95 Oct 77 Oct 108l2 N ov34 N ov 1 Jan «i» .1’no 51 “ Feb 1341" Apr 112U May 87*8 Oct 129i2 May 57 May Aug Jan Feb Oct Nov Nov Nov 46 Jan 2i" Jan 27 Mch 86 Jan 117*, Jan 84>4 Jan 120 Jan Nov NovN ov Nov NovOct *4 Nov 6 Jan 16 Dec 92*8 Apr 57 Jan 95 Jan HSU Jail 1731" May 102*4 Jan 2i4 Apr 12*4 Apr 30 Feb 32i2 Jan 321" Jan 41 21" 25 * 58's 91 60 97*4 72 20 67 751" 100 85 " 1614’ Apr 20 Jan B'ds Sold Range Since Jan. 1 1908 NAME. ing Stock t Dividend Record Surplus and ProfUs t In 1906 In 1907 Per iod Last Paid % Q-J Jan '08, 2 8 8 High Bankers N a tio n a l............. $2,000,000 $1,252,235 A n . Dec '07. 6 6 5 Calumet N a tio n a l----------100,000 36,741 J-J Jan '08. 5 10 10 Chicago C ity_________ ___ 500.000 149.451 — Q -J Jan '08. 3 12 12 Commercial N a tio n a l___ 3,000,000 4.219.197 Q -J Jan 08, 2 8 8 9912 9912 Continental N a tio n a l----- 4,000,000 3.260,607 9912 Jan’OS ____ Q -J Jan '08. U2 6 6 50,000 8.305 ____ ____ Cook Co State S a v in g s .. 100 May’07 . . . . Q -J Jan ’08. 3 12 12 2 95U 95l2 U478 95ij Corn Exchange National 3,000,000 4,850,754 Q -J Jan ’08, 1«» 6 6 200,000 44.641 . . . . ____ Drexel State_______ ______ 103 Apr’04 . . . . 8 Q -J Jan *08. 2 8 600,000 380,134 55 Aug’07 ____ t ____ ____ Drover* Dep National___ Q -J Jan ’08, ll2 6 Englewood State------------200.000 37.970 . . . . 96*4 Jan’08 — — Q-J Jan '08. 3 12 12 First N a tio n a l----------------- S,000.000 7,54._,/o8 Q -J Jan ’08, 21* 10 150,000 157,017 10 + 10 — i n i I'irst Nat Englewood____ *87” Fcb’ tM IIII Prlv ate Ba nk 500,000 651.189 ----------- — ---- - . . . . Foreman Bros B ’ k’ g C o. Q -J Jan '08, 2 6 Fort Dearborn N ational- 1.000.000 395.625 J-J Jan ’08, 2l2 5 500,000 188,007 2 72 721" 7U 2 721* Hamilton National_____ Q -J Jan '08. 2 8 ____ . . . . H bern lan B ’k’ g A s s n .. . 1,500,000 1.079.348 " * 8~ 79 Nov’04 ____ JM 10 Jan '08, 5 10 Kaspar State Bank--------200,000 131,557 — — 80 Apr’04 — Q -F N ov’07. 1 4 3 Monroe National________ 300.000 65.A10 412 Jan. Jan ‘08. 4I2 Mutual Hank____________ 250,000 94,034 100 100 100 Jan *08 7>2 Q -J Jan ’08, 2 N at Bank of R e p u b lic ..- 2,000.000 1.230,709 ” <T 99 991" Jan’08 ____ 97 Feb 5 1907 414.827 Began buslne ss 98>j National C ity...................... 1.500,000 3 08 98 97 National Live Stock____ 1.000,000 1,413,944 12+ 3 12+ 3 Q -J Jan '08, 3 7 93 100 99*8 09*8 buslne Aug 26 1907 Began National P rod u ce_______ 250,000 51.8S9 — ____ ____ 90 Dec’Oti Dec 8 1906 200,000 58,429 Began buslne ____ ____ North Avenue State------961$ Sep’07 . . . . Q -J Jan '08, ll2 6 6 North Side State Savings 50,000 6,424 — 85 Dec’07 — — 6 6 Q-J Jan '08. ll» Oakland National_______ 100,000 35.815 250,003 84.269 88l2 Prairie National--------------881" Jan’08 ___ 88 s " Q-J Jan” 08.” 2"’ d38* Prairie State_____________ -500,000 z02.1S — — 10 May’05 — J-J Jan 'OS, 2 4 Railway E x ch a n g e______ 250.000 zl9,108 Orga nlzed O ct 12 1906 Security ........................... 300,000 *93.590 2 8US 84 8312 831" Q -J Jan ’08. 112 6 5*4 200,000 84,269 SON South Chicago S a v in g s.. 80 80l2 Jan’08 ____ 9 + 1 Q -J Jan '08. 2 8 State Bank of Chicago___ 1,000,000 1,140.886 — — 00 Dec’06 — J-D Dec '07. 3 6 6 Stock Yards Savings------250,000 166.70M-N N ov’07. 3 6 6 200,000 39,564 ____ ____ Unlon Bank of C h icago.. 79 Aug’06 ____ Q -J Jan ’08. 112 6 0 Union Stock Yards State 200.000 02.9o4 — — 75 Feb’07 — Q -J Jan '08, 2 8 8 American Trust & Savgs. 3.000.000 2.603,353 Q -J Jan 'OS. 1*4 7 7 Central Trust Co of III— 2.000,000 1,001,534 90 18 89 90 8M4 Chicago Sav Bk & T r____ n500,000 nl09,759 14 86 83 80 U 80 Q-J Jan ’ os, i i 2 Chicago Title & Trust— 5.000,000 rl.220,313 ” <T — — 1001"Mch’06 — A-O (7) (?) Citizens Trust & Savings oO.OOO 6.828 94 Sep’07 10 ' * Q-J Ian ' 08 . 21 " . ____ Colonial Trust & Savings 600,000 zojU.S62 98 July’07 ____ Q-J Jan ’08, 11" 6 6 200.000 108.993 97l2 9712 Drovers Trust & Savings 97l"Jai ’08 . . . . Farwell Trust Co________ 1.500,000 48.062 Orga nlzed Apcl 13 1907 10912 111 111 Feb’08 04 IOOI4 First Trust & S a v in g s ... 2,000,000 2 1,323,81: 99 Jan’08 ____ Feb* 4*1907* Harris Trust & S a v in g s.. 1.250.000 364.032 Began busine 13 9712 103 100 10014 Jan ’08. 4 Illinois Trust & Savings. 5,000,000 8,327,315 12 + 4 1 0+ 4 94*4 98 1 98 98 Q -J Jan ’08. ll2 6 200.000 41,351 98 08*4 Kenwood Trust & Savgs. 98*4 Feb’OS ____ Q -J Jan ’08, 1 2 200.000 32,002 961" Lake View Trust & Savgs 94 96 Feb’08 . . . 12 Q-J Jan ’08. 3 9S*4 Merchants’ Loan & Tr Co 3,000,000 4.626,015 2 03 08 0812 Q -J Jan ’08, llg 6 Metropolitan Trust & Sav 750,000 364,516 90 2 90 90 90 Q-J Jan 08. 2 8 . . . . . . . . Northern Trust Co............. 1.500.000 1,939.047 114 Nov’04 . . . . J-J Jan '08. 3 6 Northwest Trust & Savgs 200,000 47,550 68 68 68 Jan’OS J-J Jan '08, 3 6 Peoples Trust & Savings. 200,000 76.323 ____ - — 90 May’07 ____ Q-J Jim ’08, 2 *8 Pullman Trust & Savings *500.000 2187,666 ____ . — 681" Sep’05 Q -F N ov'07. 1 8 Royal Trust Co.................. 500.000 503,283 ____ .... 73 June’07 J-J Jan ’08. 21# 5 200,000 10.596 ____ . . . . Stockmen’s Trust & S a v . 73 June’07 ____ . . . . Union Trust C o . . . ........... 1,000,000 1.071.709 87 Dec’06 200,000 2 5,479 Forme rly Jen nt ns s u e ' l '& t T United States T r u s t ____ — — 96i2 Jan'OG Q -J Jan *08, P# 6 Western Trust & Savings 1,000,000 322.166 6 + 1 8ep t5 1905 W est Side Tr & Sav Bank 200.000 42,209 Began buslne d prices bon all Chicago Q -J Jan 'OS. 11* 6 Woodlawn Tr& Sav B k— ' 200,000 29.8431 6 Ask Low 100 j J P J J F A A J Week's Range or Last Sale 175 3 10 13 68I4 Jan 4 Outstand Inter est Period Highest Highest Chicago Banks and Trust Companies Chicago Bond Eecord OHICAG O STO C K EXCHANGE Week ending Feb 14 Range 1or Previous Y eat (1907) Range Since Jan. 1 1908 STOCKS C H IC A G O STO C K EXCHANGE . High No. iMW 100 Mch’07 . . . . — 16 ____ Sale 99i" .09 96 Sale 90 70* . ____ II II I I -I N ote .— Accrued Interest must be added to t No price Friday; * Bid and asked prices; no sales were made on this day. t Dec. 3 for national banks and N ov. 19 1007 xor bt ate Institutions. k. Capital Increased from $ 3 0 0 ,0 0 0 , latest price this week a Due Dec. 31. b Due June. <1 Includes special dividend of 3 0 % paid Dec. 18 1906. a Dividends are paid Q -J . with extra. n Capital and surplus to be Increased. a stock dividend of 33 1 -3 % being declared In part payment therefor payments Q -F . x As of July 1 1907. e Dec. 3 1907. BOSTON STOOK EXCHANGE— Stock Record, Daily, Weekly and Yearly SHARE PRICES— NOT PER CEN TUM PRICES Saturday Feb. 8. Monday Feb. 10. Tuesday Feb. 11. Wednesday Feb. 12 675s 6S7f 70 701; *675s 077; 85*8 857; *8412 S512 *801; 87% <____ 199 * ____ 200 197*4 198 1291; 1291; ' ____1291 128 1281 >_____ 205 * ____205 2COl4 2001.7 136 130 1373.1 137*4 137 138 *285 2870 *45 50 12 1 12 1 120 120 120 12 1 --- *77 ... *77 ... 11 11 25 75 *90 11231 *8212 155 83 *98 25 75 92 11434 8312 155 83 100 * ____ 11 1*____ 1 1 *40 42 * ____ 45 *1612 171; *1612 171. 13234 134 134 135 25 *75 94 117 *82 25 ____ 95 1175f ____ 25 *75 9412 11312 83 940 116 S3 *83 *98 84 100 83 *98 831; 100 16*4 163.1 I 6I4 *82 84 83 418 4U 4 *1H 2 I 2 I4 11 110 12 1115j, 1083s 111 112 HO IO6 I4 IO7 I4 105 18*4 18*4 18 84 84 £3 *3 334 *3 *103 106 * 10 H2 *15 15*4 *15 *47s 512 *478 208 208 205 116 118 114 52*4 53 62 83 ' 83 8312 *194 195 195 2 * 112 *1*4 * ___ 571? * ___ ♦ _ 80 ♦ _ *109 1 1 1 109 150 153 154 912 91; 912 99 99 9S *20 *20 23 271; *25 25 *134 2 *13, 117 118 1161; 42 42 42 *26% 261; 2612 2634 27I2 274, 90I2 91 89*4 8 *7 *7 65 65 G212 *2 29 48 ♦23*2 31% *4% 171; *.45 25 40 40% *171,0 1S1£ 13212 133 IOI4 163.1 83 83 4 4l8 1C34 11 1 11 1 10 % 108 10918 111 10 R12 110 105 1051 1061 ISt I 8I3 18% 821_ 84 81 334 334 *3 * 10 1 % -----Y 534 *143, 1512 ■_ 5>2 *47s 205 205 20712 11512 11312 1157S 52 53 83 S3 831? 196 195 2 H? 1*2 56 57 * ___ SO ♦ SO 110 109 110 150 151 153 *938 ____ 9U 99 98 97 *20 23 23 25 *2512 27 2 2 *l-34 117 116 1163. 4214 42 42 261" 2612 261; 271, 27 271" 901; 90 91 8 7 6*4 64% *6212 ____ 161 S3 414 4 1 * G X X m fc l—< 1 1 1 21 ; "2 2 *2 2*4 29 28 28 27 27 4933 463, 4812 47-33 4S34 25 *231" 25 *23*" 25 30 30 30% 305* 315s 43S 4 4 4 4 18 16 17 I 6I4 17 .... *.45 ____ *.45 * 10 i2 1 1 10 11 10 23S 23s 23s 214 51; 51 ; 5 5 5 .40 *.35 *.35 .40 *.35 1414 143, 1412 1463 M'S 18 181; 17 163., IS 109 111 106 109 105!" 660 669 635 050 638 22 22 21 21 21 *.35 .37 *.34 .37 *.34 601; 613., 58 SSL, 60% 9*4 *8% 81; 9 83, 1*4 1*1 9 9 *80 85 8I4 81; 1 1 1 1 1 1 1 1 1 1 1 101 " 214 5 .40 1134 171.1 107 340 21 .38 69% 9 1% + 1'8 1*4 1*4 812 81?, 81; 81" 90 85 *85 85 73s 73S 778 Ms 2234 231; 20*4 14 14 1234 'SU 3*4 3*4 * ___ .61. 673 (> (*'3 * ____ 9!" 11*4 52 52 60 *1 1 1*4 973 10 91; 4534 4714 4234 *.45 ____ .50 3533 301., 33 81 81 78 13 1234 131; *1 1!4 *1 8(5 86 85 334 3-3, 3*2 *2>g *2*8 2-s 1014 111; 1134 64 64 61 141; 14 1314 *6 6*2 6*4 1 1 • 1 1 1 1 1 1 1 1 1 1 I 1 20% 21% 14 13 3*2 3*2 .50 534 (>18 973 10 50 49 *1 1*4 91? 9 4313 44*2 *.45 3312 35 79 80 13 13 *1 80 82 3 312 2 % 2% 10i4 1034 01 61 13 131" 6% 6% 1 1 • 1 1 1 1 1 1 • 1 1 1 1 1 1 1 912 91? 32 32137% 38 3312 35 434 5 1 1 1 1 1 (#4 * 8*4 6 53,| 6l2 53, . . . . *125 130 *125 125 .25 *.90 .90 .90 * 90 1 1 I ! It) 10 33 33 38 381; 25 3534 *434 6*4 221., 1312 4 .50 61; 10 60 1 91" 45 .55 35 80 1234 1*4 85 334 23S 11 63 14 612 10 10 321" 3234 3734 37 34 35 453 4"3 c Before pay t of assess is caluti .a *wu7y STOCKS BOSTO N STOCK EXCHANGE Range Since Jan. 1 1908 Highest Range lor Previous Year (1907) Louest Highest Railroads Atch Top & Santa F e.100 67% Feb 11 74% Jan 1 (7%No\ 1071; Jan 84i.| Feb 1 : Do prcf____________ 10< Jan J 7934 No\ 10138 Jan Boston & Albany_____10< 1811; Jan : Jan ?f 181) Dee 240 Feb Boston Elevated______ 10< 126 Feb J: Jail 211734 Nov 152 Jan Boston & Lowell______ 101 20014 Feb 1 1 Jan It J’n £31 Jan Boston & Maine______ 100 133 Jan Jan 28 129 Nov 170 May Do p r e f .___________loo 136 Feb 1 Jan 22 150 Oct 165 Jan Boston & Providence. 1(H 284 Jan 1 Jan 2: 235 Oct it 1 Feb 91; Jen 8 Boston Suburban El Cos. Jan ! 8 J’ly 15 Feb 45 Jan 31 Do pref________________ Jan 31 60 Av : 05 Jan 14 Jan 21 Boston & W or Elec C o s .. Jan 25 2834 Jan 16 18 o\ Last Sale 59 56 Jan 0 Fcb’08 Do pref________________ 601; Jan It 55 Nov 80 Jan 1361; 13/1; =*=13012 137 Chic June R y & U S Y -1 0 0 126 Jan 2 1371; Jan 21 1:8 Dee 16) ja n Least Salt 108 Feb’08 Do pref____________ 100 102 Jan 10 110 Jan 2= 9S)34 Oct 120 Jail Last Sal 170 Oct’07 ion & Mont, Class 4 . . 100 170 Oct 188 I-’cb Last Sale 152 Jilly’07 ;onn fc Pass RIv p r e f.100 152 J’ly 156 .'oh Last Salt 245 Jan’08 Connecticut R iv e r .- .1 0 0 244 Jan 14 245 Jan 16 244 Dec £80 Jan 1 2 1 12 1 12 1 120 Fitchburg pref_______ 100 117 Jan 2 12U; Jan 20 116 Nov 135 Jan Last Sale 79 71 Jan 7 Jan’08 79 Jan 27 Ga R y & Electric_____100 6y% Dec l i t i.lch Last Sale 73 Do pref____________ lor Oct’07 Oct 8S M ch I.a't Sale 190 Scp’07 Maine Central________ 100 190 Aut 195 Jan 10 t2 10 i2 9 121 ; ,);.u 8 10 8% Jan 26 .Mass Electric Cos_____ 10< 7 Dec 201; Jan 413.! 42 f.()12 .T-.rl 8 40 Jan 4112 4U 2 182 Do pref____________ 10( £7 Oct 71i; Jan 1712 17% *171.i 17t2 Feb is 14 Nov I 8I4 171; Feb 13 25 Mexican Central______ 100 753 , Jan 13112 1321 13112 133 725 '/ Y N H fc H a rtford .100 128 Jan 6 1391; Jail 2i Is Vi; N ov 19f! ; Jan La t Sale 144 Jan’08 Northern N H ________ 100 144 Jan 9 144 Jan 9 115 Dee 160 “ Jan Last Sa 305 Nov’07 Norwich & W o r pref. 100 Nov 226 Feb *183 1S5 185 185 >ld Colony___________ IOC 175 Jan 11 185 Jan 1 175 Oct 20014 Jan Last Sale 12 5 J ’ly Nov’07 Pere Marquette________lot 52 Jan Last Sale Nov’07 Do pref_____________ 10( £6 Nov 67 Jan 25 25 27 Feb 57 Rutland pref__________ 100 £5 Nov25 Jan 1. Jan 45 *70 ____ 12 Seattle Electric_______ IOC 75 Feb 11 75 Feb 11 82 Aug 94 Jan * ____ 94 30 95 Feb 8 833, Nov 103 Jan Do pref_____________lOo 88% Jan 2 1141s 116 IH I 4 1165s 3,223 Union Pacific_________ 100 11234 Feb 11 1£8>4 Jan 14 lt'OI; Oct 1821 : J an *8212 831; *8212 831o 84 Jan 13 5 Do pref_____________ 10( VS3j Nov 80 Jan 3 93 Jan 15114 I 5 U4 6 Vermont & Mass_____10o 150 Jan IS 155 Feb 11 IJSIg Nov 170 Jan ‘ 821*2 8*3“ 83 83 240 W est End S t___________50 85 a n 27 74 Dec 76 Jan 2 95 Jan *98 99 99 99 6 9-1 Nov 110 Mch Do pref_____________ Of 96 Jan £ 100 Feb Last Sale 140 140 Aug 147 Jan Sep’07 Wore Nash & R c c h -.lO o Miscellaneous 16% 16% lfil2 16% I 833 Feb 1 600 Amer Agrlcul Chem .-lOO 10 Oct Jan £ 20 Jan 83 83 82 270 8212 85 Jan 31 721" Nov Do pref____________ lor Jan 4 95 Feb *4% 414 *4% 910 'p>cr Pnou Service. - 5< 6% Jail 16 31" No Feb K) 14*4 Jan 414 lllo *10 * 11 11 400 91; Oc Do pref______________5( 13*2 Jan It It -1s Jan 2 33 Jan 109 110 109 <3 Dee 1371.1 Feb 3,497 Amer Sugar Refln_____100 1143.1 Jan I 1 99*4 Jan IU I 10912 110 109 no 674 116 Jan t 105 Dec 1 3 1 3 , Jan Do prof_____________100 108 Jan 105% 1C01; 105 106 1IOI4 Jan L 1.843 Am erTclep & T e le g --1 0 0 99 Jan 89*4 NOV 1341 >Jan 17 ISI4 *16 18 630 American W oolen_____100 22 Jan l ’.'l., Nov 16 Jan 361" Jan 80 81 *791; 762 801 88 Jan 791; Feb 14 Do pref____________ 100 69 Oct 10212 Jau Last Sal 3 Jan Jan’08 3 Mel: 3 Jan Boston Land_________ it 4 Jan Last Sal. 1071" Fcb’08 H 073 Feb : 931- Nov- 115 Jan 961; Jan 1 Cumherl Tclep & T el.lot) Last Sal 15 ‘ Jan’08 15 Jan 2 121 ; Oct 1434 Jan 1 Dominion Iron & S te e l.. 25 Feb Lest Saot 43,, 5% Jan 2 , 4t; Jan : 31; Oct Jan’OS East Breton I.and______ 91., Jan 205 207 207 207 147 Edison Elec Ilium ___ lot 205 Jan 30 212 Jan 13 185 Nov 230 Jan 115 11510 116 124 Jan li 116 91 Oct 285 General Electric______ lot 1 1 1 Jan 162 Jan 5212 52% 573sJ; n 15 50 Jan 43 Oct 1,299 66*3 Jan 83% 831; 831- 831" 85 Jan 20 214 75 Nov 10t 77 .Tan f 860 Apr *194 196 195 195“ 6 10< 193 .lan C 200 Jail 18 186 Nov 215 " Mch 1*2 l*i 13t 2 * 1% 1 Feb Jan 2i 114 Dec 434 Jan It 1% Last Salt 59% Jan’08 691" Jan 14 69% Jan 1< 46 J’nt N E Cotton Y a rn . 10< 75 J ’ly Last Sab 79% 80 Jan 14 791; Jan u 10C 80 Oct 90 Jan * ____ 109 *108 119 20 Jan 110 105 Jan lot 96 Nov 126 Jan 150 150 150 151 266 1-17 Jan i 159 Jan It lot 13/ Nov 1,82 Jan 912 91" 9-3, 9% Jan 2 93, .Tan 2i 57 Reece It 9 Nov 1 1 Jan 00*2 971" 4 A 90 90 1 100 88% Jan 405 Feb 100 76i2 Nov 113 Jan Last Sap 22 22 Feb f Fcb’QSr 20 Jan 25 20 J 2 20 Jan *25 271" *25 271o 25 J an K 24 Jan 27 25 18 Do pref___________ 241; Nov 27% J ’ly Last Sale 2 l i ; Jan 2*2 Jan 28 Union Cop L ’d & M ’g . 25 678 Jan 1 Oct 116*4 1163 1161" 116l*> 12034Jan 25 10 11 " Oct 996 United Fruit.................. 100 1141; Jan 120 Dec 41% 411411o 411" 38 I2 Jan 46 Jan 14 S95 Un Shoe Mach C o r p .. 25 36 Oct 69 Jan 26% 261- *261" 24's Jan 271.4 .Jan 17 27 “ 215 Do pref--------------------- 25 23% Nov 29 Jan 27*2 28 2738 28> 4,881 U S Steel C o m -----------100 26 Jan 311.2 Jan 18 603* Jan 22 Oct 91% 91% 907s 8712 Jan 9533 Jan 14 93 2.729 Do pref____________ 101 791; Nov ll>/3 , Jan * 6% 7 * 0% 7 4 Feb 8 Jan 150 W est Telep & T e le g --1 0 0 9 Jau 4 Nov *6212 ____ *OLlo 70 Jan 16 50 Jan 37 Do pref____________ 100 60 Nov 82 Jan Last Sac 2178 Jan’os 2178 Jan 3( 2 Us Jan 30 Westing El & M f g . . . 50 2014 N ov- 781" Jan Last Sal 76 May’07 Do pref______________50 76 May 80 " Feb Mining *_ __ O * 2 Jan 30 3 Jan 18 ICO Vdventure Con_______ 25 % Nov 61" Feb *26l2 271" *27 27 Jan 2 33% Jan 20 28 20 Oct 237 Allouez_________________ 25 74*4 Jan 40 Jan 47% 47*2 49 5334 Jan 1 49 16.002 \wal<ramated Copper 100 42is Dec 12 1 Jan *20 22 22 2034 Jan 13 2(02 Jan 20 23% 225 Un Zinc Lead & S m . . 25 19 Nov 63 Jan _ ____ 20*3 303,3 29 Jan £3% Jan 14 60 A n acon da______________ 25 26 Oct 75 Feb 4% 4% 4 l*ob 6 Jan 15 4% 4% 2-31 Oct 451 Arcadian_______________ 25 15-% Jan 16% 17% 2(,3j Jan 29 16% 14 Jan 17 3,465 Arizona Com m ercial-- 2~ 734 Oct 281; Maj .40 Feb 14 * . 4 5 ____ *.40 .40 Feb 14 .40 100 A rn old_________________ 20 ■35 Sep 2 Jan lo 11 ; Jan 1; May Ash Bed....................... 25 *10 101 ; *10 14 Jan 2 91; Jan 11 *800 Atlantic _____________ 25 Cl; Oct 22 Feb 2 Jan 4 Jan 18 208 Balaklala temp c e r tfs .. ... U 2 Nov 121" Apr .334 Jan 13 034 Jan 20 5 5 5% 5% 1,484 Bingham Con Min & S 50 4is Dec 37 Jan Last Sale .38 .3,3 Jan 31 .50 Jan 11 Jan’08 ■35 Sep .80 Jan Bonanza (Dev C o)___10 143., 147£ 3*. 118 BostonConC&G (rets) <’ 1 17 Jan 29 14>s 15% 1l>s Jan 3% Nov 331, Jan 17 17% 20'gJan it 17% lfii2 Jan 2 17% 4,678 Butte Coalition_______ 15 10 Oct 39% Jan 106 107 106 106 9S9 Calumet & Arizona_____10 IO2 I4 Jan 2 116 Jan 20 89 Oct 198 Feb 635 640 639 635 1% Calumet & H e c la ______ 25 600 Jan 2 700 j ; n 15 635 Oct 1600 Feb 21 21 21 Feb 10 211" 21% 28 l.i Jan 15 632 Centennial____________ 25 16 Oct 47 Feb Last Sale .35 Feb’08 .26 Oct .52 Jan Cons Mercur Gold____ 1 .28 Jan 9 .40 Jan 23 57 59 56 I2 Jan 2 65 Jan 18 67 58% 7*176 Copper Range Con C o.100 44I4 Oct 105 Jan *S34 9% 878 Jan 18 9 7 Jan 3 87S 71" Dec 255 D aly-W est......................... ?n 201 ■Jan Last Sap 40 Oct’07 40 Oct 7()i" Mch Dcminion Coal_______ lot Last Sale 89 Dec’07 85 Nov ] 14 “ Jan Do pref____________ 100 1 1 *1 1% 1 Jan li 2 Jan 18 34 Nov 200 Elm River______________ 12 41,3 Jan 8 S34 734 Jan i 8 8% 1,374 F ran k lin ____ _________ 25 10t2 Jan 27 6 Oct 29% Mch 948. Jail 18 80 Jan ? 86 *85 65 Granby Consolidated. 100 65 Oct 161 Feb 7*8 77, C's Jan 73S 1-%,/hn 20 61, Oct 734 8.364 Oreene-Cananca_____ 20 17"3 Apr 2V8 Jan 22 238 Jan 11 2 Dec fti, Jan Guanajuato Consol___ 5 1934 217s 20 2(0 t Jan 27 18 Jan 3 2G'Ti 5*.7li Isle Royale (Copper). 25 1U ; Oct 3 HI2 Jan 13 131" 17ti Jan 14 121.1 Jan 2 13 131t 2,171 La Salle Copper_______25 8 Oct 30 " Feb *3% 334 41.1 Jan 18 314 Feb 3 % 1,370 Mass Consol___________ 26 23s Nov 3*2 9*4 Jan Last Sale .45 40 Nov M ayflow er................. 25 .25 Jan 1<’ .50 .Jan 2; 13, Jan 6 61., 531 Feb 11 8 Jan 18 6 53, Nov 6% 4*563 Mexico Cons M & S - - 10 IS', Jan 10% 101; 10 33.1 Jan 2 123.| Jan 20 10 945 Michigan_____________ 25 63, Oct 24U Jan 50 50 491" 58 Jan 18 47*4 Jan 3 49% 317 Mohawk______________ 25 37 Oct fe u Jan 1 1 1 1” 132 Jan 24 1 Jan 3 400 Montana Consol C & C 10 1 Nov 3i" Maj 9% 93j 934 838 Jan 2 97s 2,333 Nevada Consolidated 12% Jan 20 £34 Nov 201" Jan 42 447s 42 541.4 Jan is 42 Feb 13 43% 9,354 North Butte___________ 15 30 Oct 120 ‘ Jan * . 4 5 ____ *.50 .60 150 Old Colony____________ 25 .50 Jan 15 .55 Jan 28 *2 Sep 21; Jan 33% 343, 33% 40 Jan 28 28 Jan : 34 % 4,957 Old Dominion__________ 25 18 Oct 63 “ Feb 81 81 79 79 ' 93 Jan 14 78 Feb 10 271 O sceo la _______________ 25 71 Oct Feb 13% 14 *13 14% Jan 20 131" 680 Parrot (Silver & Copp) 10 10H Jan 11 83, Oct Jan 1 1 1 1“ 34 Jan 15 260 Phoenix Consolidated 25 1*4 Jail 25 Jan *2 Dec 80 81 80 82 274 Quincy________________ 25 93 I2 Jan 15 SO Jan 70 Oct Feb *312 4 3 31" 224 Rhode Island__________25 4U Jan 20 2M Jan , 12*4 Jan 3 Oct 2% 218 *2% £3g 25,s Jan 20 2 Jan 175 Santa Fe (Gold & Cop) 10 7 i; Jan li2 Nov 1038 107s 10% 10% 2,967 S h a n n o n _____________ 10 1353 Jan 20 10*4 -Tan 243s Jan 7i8 Oct 60 62 *61 65 171 T am arack______________25 77 Jan 20 CO Feb 13 170 Jan 51 Oct 13% 1334 13% 13's 4.319 Trinity________________ 25 183.1 Jan 14 13 Feb 11 938 Nov 42*4 Ja*» 6 0 *6 230 United Copper_______100 Si; Jan 8 <i Feb 13 7 Dec 77*4 Mch 213., 2134 K 213| Feb 13 26 ..an 3 Do pref.......................100 £2 Oct 91 May 93 , 934 *1)1O 10 lOJi Jan 3 390 UnltedStatesCoal&Oll 25 1’31 Jan 23 7i2 N ov 1314 Ja** 32 33% 32% £2% 1.328 U S Smelt Ref & M in. 60 *29% Jan ? 35*2 Jan 20 2434 Oct 70 Jan 38 381" 38 38% 3,537 40*2 Jan 20 37 Feb I" Do p r e f................. 50 49 Jan 277s Oct 35 35 34% 36 4,232 Utah Consolidated___ 4 Us Jan 28 29n Jan 5 79 Jan £512 Oct 434 43, *410 175 Victoria____ ___________ 25 4n Jan S 534 Jan 14 1i*s Feb 3i2 Oct W ashington____________ 25 3 i 2 M cK 1 May 6*2 61*> *6 *512 W in o n a _______________ 25 0634 Feb 7 4% Jan 2 14 Jan r‘2U Nov *____ 125 *120 125 27 W olverine______________ 25 11E% Jan 2 132 Jan 20 198 Feb 93 ’ Oct *.80 .90 *.80 .90 200 W y a n d o t_______________ 25 .60 .Tan 1.061, j „ P yd 3% J*n .10 Nov * t w and asked prices, tt New stock, e Ass’ t paid, h Ex-rlgbtsl a E x -d lv . and rights, b Ex-stock dlv 6778 * 68t8 683; 84% *8312 841; 198 193 197 126 126 126 *202 208 *202 208 136 136 136 136 130 136 *285 287 *285* 2*87" *9 10 *9 10 Last Sale 45 Fcb’08 10 *77 Sales o1 the Week Sharct Friday Feb. 14 *673,8 8414 198 126 2S5 285 *9 IOI4 *45 50 17 17 59H *58 591; *58 5912 *58 *1371; 138 1361; 1361; *13612 1371" *108 . . . *108 *108 . 10 Thursday Feb. 13 F eb m ifU )." BOSTON STOCK E X O H ’U E W KKK 413 Boston Bond Record. . 1 5 1 9 0 3 .) I “rice Friday Feb 14 E N D IN G F E B 1 4 Ask Sale Sale \m Boll Telephone 4 s ___ 1908 J.J Ain Telop A Tel coll tr 4s. 1929 J.J Am W rit Paper 1st s 15s g 1919 J . j A tell A Nebraska 1st 7 » . . 1908 M-S AtcnTon A S Fe gen g 4s .1995 A-O Adlustment g 4 s J’ly 1995 Nov Stam ped................ J ’ly 1995 M-N Boston Elect Light 1st (is. 1908 M S Consol Os........................... 1994 M-S Boston A Lowell 4 s........... 1910 J - j Boston <6 Maine 4 Has..........1944 J.J Boston Terminal 1st 3 4 s . 1947 F-A Bur A Mo ltlv ox 6s........... 1918 J-J Non-exempt 6 s................ 1918 J-J Sinking lund 4S...............1910 j . j liuttoAs Boston 1st 6 s-----1917 A-O Oeilar Hap A Mo It 1st 7s. 1910 M-N •2d 7 s .................................... 1909 j - u Cent Vormt 1st g 4s...M a y l920 Q-F 0 H A w Iowa D lv 1st 5 s .1919 A-O Iowa Div 1st 4 s ................ 1919 A-O Debenture 5 s.............. 1913 M-N Denver Exten 4s..............1922 F-A Nebraska Exten 4 s ........1927 M-N S W s t 4 s...................1921 M-S Illinois Div 3 4 s ................1949 J.J join t bonds See (It Northern Ohio.io Ky A Stk Yds 5s .1915 J.J Coll trust refunding k 4 s 1940 a - 0 Oh M il A St 1* l)ul> 1) 6 s .. 1920 J - J Oh M A St P Win V dlv 0sl9 2 0 J . J Cine A N o Mich 1st gu 5 s .l9 3 i M-N Chic A W Mich gen 6 s___ 1921 .1 -D Concord A Mont cons 4 s ..1920 J -D Conn A Pass K 1st g 4 s ...1 9 4 3 A-O Current ltlver 1st 5 s......... 1927 A-O D etG rK a p A \V 1st 4 s ... 1946 A-O Dominion Coal 1st s 1' 5 s . . 1940 M-N Fitchburg 6 s .........................1908 M-N 4s ............... . . . . . . . . 1 9 1 5 M-S 4 s .......................................... 1927 M-S Freint Elk A M o V i e t 6 s ..1933 A-O Unstamped 1st 6 s ........... 1933 A-O Gt Nor C B A Q coll tr 4s 1921 J-J ltogistered48.....................1921 Q-J 98 96 85 85 SO 97 P Week's Range or Last Sate L ovj 99 4 79b 178 .04 97*i sr> 85b 110 Keb’oi 101 S e p ’00 114 Mar’oO 112*2 Jan ’03 104 Oct ’07 102 S e p ’05 97 J a n ’08 100 J’ne’ 01 123*4 Nov’ 0( 111*8 .J’ ly ’Of HO F eb’ Of 97*2 May’ll 86 J an ’O 10 1 92 09 100 10 1' 88 Oct ’ () 122 A p r’O 120 F eb’O 95 10 0 100 91 112*4 Ian ’ Of 104 Nov’O 89 Mar'O 90 J a n ’ o 3 98 A p t ’O 100 94 934 May’ll 128 140 93 Non-convertdeben 6 s ...1 9 1 3 a Falls A S lon x C is t 7 s .. 1917 Kan C Clio A Spr 1st 5 s ... 1925 Can C F t . A Gulf 1st 7 s .. 1908 Can C Ft Scott A M 6 s ___ 1928 Can C M A B gen 4 s ........... 1934 Assented income 6 s........1934 A -O J-I) M-N M-S M-S 79 82 n ll.i Mny’n7 113b Nov’ OO 1 0 1 *4 9>ep ’ ll,' 1 1 H id h>*04 84 Jaii’ O!26*2 Get ’DC' 17b Aug’ 05 102*2 Aug’04 Minne Gen Elec con g 5s 1929 j . j 96 96 *-. New E n g Cot Yarn 5 s___ 1929 F-A 90 *2 Sale 100 100 ‘ 8*6" *8*6" Now EngTeleph 6 s........... 1908 A-O 100*8 Jan ’ *>7 5 s ..........................................1915 A-O ns...........................................1910 A-O ..................... New England cons g o s ...1945 J-J Boston Term 1st 4 s ........1939 A-O ... N Y N I I A II con deb 3 481956 J-J ..................... 87 4 Jan ’08 1 0 1 *2 Sep ’06 Old Colony gold 4 s ..............1924 F-A 1102b Jan ’05 Oreg Ky A Nav con g 4 s ..1946 J-D .... 86 86 1121b Mar’Ot' Oreg Sh Line 1st g 6 s........1922 F-A 102 Aug’ 67 c 99 102b Itepub Valley 1st s f 6 s ...1 9 1 9 J-J 107*2 N ov’ 05 ltiitland 1st con gen 4*2S.1941 J-J 102 M ai'02 Kutland-Cauadian 1st 4sl949 J-J ..................... Savannah Klee IstconsSs.1952 J.J " " " .* ii". 98*2 Muy’Ob Seattle Elec 1st g 5 s ......... 1930 F-A .... 96 95 97 A p r ’07 Terre Haute Elec a os-----1929 I -J 97 100 99*2 Nov’06 J.’orrington 1st g 5 s........... 1918 M-S ... 1J93 *2 Oct ’07 . . . . J-J Union Pac KU A 1 gr g 4 s .1947 ..................... ... 1|87*2 Sep ’07 20-year conv 4 s ................. 1927 J-J — ............................ 116 Jail ’08 M-S Umten Fruitconvgen 5 s .1911 ... *1*9 U S Steel Corp 10-60 yr 5s. 1963 M-N 1i88 Salb 1187*4 1188 90 90 .... 9 6 b F eb '08 W est End Street Ky 4 s-----1916 F-A 95 Nov’07 Gold 4*2S..............................1914 M-S 102 b Jan '06 Gold deDenture4s........... 1916 M-N 99 4 May’07 Gold 4 s................................. 1917 F-A ____ 87 *2 *3 Western Teleph A Tel 5s. 1932 J-J " 8*6 " * 8*8 ’ 87 *2 994*2 Sep ’05 11 92 ‘4 TI97ab W isconsin Cent 1st gen 4 sl949 J-J 1 0 9 b Aug’05 .... 92 9 0 7e W isconsin Valley l s i 7 s ..1909 J-J N ote — Buyer pays accrued interest In addition to the purchase price for all Boston Bonds. Lange since January 1 High Ao Low High A sk Low 97 *4 99 99 ......... 98*2 95 97 97 J a n ’ 9= !w 12 2 b Nov’O' ’ *9*6” *9*6" 'ii*2.......... ... 90 J a n ’OR loo lo<)*t 109*8....... HlO'b F eb’08 109*2 113 1 i 2 >v 113*4 112 * 2 112 * 2 87*2......... 94 *2 D ec’ 06 ..................... A-O Cons 1st 4s ........................ 1912 A-O A-O J-J Istcons m od s........... Jan 1939 J’ly ■.d cons inc 3 s.......... J an 1939 97 ~ "c Bid 98 96 J-J A-O A-O A -O 97 Week's Range or Last sale Brice Friday l<eb 14. BOSTON STOCK E X C H ’ OK W eek E nding F eb 14 High /v-< Low Hign 99 b 38 98*8 9 9 b 29 7 8 4 81 *4 80 Nov’o7 Mnr’06 97b "*2 90**8 99*4 85 85 J a il’08 J’iio’07 9 7 a.i 10 1 iiO.N 9 8 Mamie soincf January 1 - No price Friday; latest bid and asked. 74 84 LOO 100 ..................... 79*2 88 ..................... * " " .’ I " ” i 16 1 17 U86 1J89 b 96*4 9 6 b T6" 8*7*1 *■ Flat price. Philadelphia and Baltimore Stock Exchanges—Stjck Record, Daily, Weekly, Yearly r - h a r o I 'r i c e s — N o t P e r C e n t u m ban/ rua Feb S 84 84 *s Monday Feb 10 84 84 11 11 Tuesday Feb 11 Wednesday Feb 11 *4*2......... >1 0 *2 . •10 10a4 A tT IV K STO C K S Sales 0/ tin ( l o r Bonus and Inactiv, Week Stocks see below) Shares P r ic e - Thursa ay Feb 13 83*4 83*2 4 4 •83 10a4 10b ’ 10 Feb 14 B altim ore Con. Gas El. L. A Pow .100 Do p r e f ...............1 0 0 185 Northern C entral......... 50 60 seaboard (new )...............100 Do 2d pref............. 100 United By A Electric.. 50 *•*8*3** 8*4" 6 •4 1 0 a, * 10 12 10*2 1 0 4 Philadelphia 43 43 27*a 2 7 b 8b 9 *22*2 23*2 •4*2 5 85 86 55 55*4 1116 Die 55b 55b *37 *2 38 6°8 5b 16*2 16 4 8 1*io,l'Jlai8 40 41 *38 39 49*4 49a, 77 77 43 43 26"8 27b 8b 84 23 4 *2 33 53 l l 18 65 •37 5 sa 15 4O^b 23 4 *2 83 *s 55 1*16 6 5 -t 38 5*4 15*4 48 • 3 8 " *39 40 49*-. 70's 7 6 b 43 43 27*4 27 b 8 a4 8 a4 83 52 Ja 1*8 5 4 7* 37E 51*8 15*8 46:<4 83 53a4 1*8 55% 37 8 5\ 15*4 47 •38*2 ’ 39 4 •19*4 49*2 76 76*2 434 •43 27*2 28 84 8b *1 5 2 2 7„ 2 2 7s 4h 4*2 83 4 83 « 3 a4 S4 64*4 54ai' 53*2 5 i 1 •1 l*s 54b 55 4 54laio 555jo *37*2 3 8 4 • as 3 "8 5*4 s's, 5"i 147» I5*i l 4 7s 15 4 47 4 8*4 46*bib 48 39 *38 39 *38 •38** *39 49 49 49*, 49*4 76 *2 77 b 76b 77 ♦ 20 24 •42*2 43 27*8 27 b 8*4 8b 37*2 P H I L A D E L P H IA P H IL A D E L P H IA In active S tock s Allegheny V al prof___ 50 American Cement.... 60 Am er Pipe M fg.........100 Bell Telephone (P a ).100 Cambria I r o n . . „ ......... 50 Central Coal A Coke. 100 Consol Trac of N J ...1 0 0 Diamond State Steel.. 10 Preferred.................... 10 Easton Con Electric 6.50 Eleo Storage Batt— 100 Preferred................... 100 Ft W ayne A W V ........100 Germantown Pass........50 Indianapolis S t........... 100 Indiana Union T r ___ 100 Insurance Co of N A . . 10 Inter Sni Pow A Chem.50 Keystone Telephone ..5 0 Preferred..................... 50 KeystonoWatohCase.lOO Lit Brothers................... 10 Little SoliuylklU........... 60 MtnelilU A Scliuyl H ..5 0 N Haven Iron A Steel.5 Northern Central......... 50 North Pennsylvania..50 Pennsylvania Salt........50 Pennsylvania Steel..100 Preferred................... 100 Plilla Co (Pitts) prof...5 0 Phil G erman A N orris. 50 Plula Traction............... 50 Hallwnys General........10 Susqueli Iron A Steel . .6 Tidewater Steel........... 10 Preferred..................... 10 Tonopali Mining of N ev l Union Tr of I m l......... 100 United N J H H A O ..IO O Unit Trac Pitta p re f..50 Warwlok Iron A Steel. 10 W es* Jersey A SeaSh.50 Westmoreland Coal....5 0 W ilkes Gas A Kleo..lO<) B onds „ A l V al E ext 7s 1910 A-O A lt A L V E lco 4 *28’ 3 3 .F-A A m H ysconv5s 1911.J-D A t! City 1st 6 s g '1 9 .M -N Balls Ter 1st 5s 1926. J-D BorgA EBrw 1st Os’21 J-J Bethic Steel 6s 1998.Q -F OhocA M o l s t 6 s 1949 J-J C hO k A G g o n 6 s ’ 19 J-J Col St Ky 1st con 6 s 1932 Con Trac of N J 1st 5 s .’33 E A A 1st M 5s 1920 M-N Elec A Peo Tr stk tr ctfs Eq II Gas-L 1st g 5s 1928 I I A B Top con 5s ’ 26 A-O Indianapolis Ky 4 s .1933 Interstate 4s 1943 ..F -A Lehigh N av 4*28 ’ 14.Q-J K B s 4s g ........1 914 .Q-F Gen M 4*28 g .1 9 ‘2 4 .Q-F Leh V C 1st 5s g ’ 3 3 ..J-J Leh V ext 4s l s t l 9 4 8 . J-D 2d 78 19 1 0 ................. M-S Consol 6 s 1923........J-l) Annuity 6 s ............... J-D Gen cons 4s 2 0 0 3 .M -N Leh V Tran con 4 s ’35 J-D Now Con Gas 5s 1948 J-D Newark Pass con os 1930 N Y P h A No 1st 4 s ’39 J-J Incomo 4s 1 9 3 9 ...M -N NoOhloTraccon5s’ 19.J-J Penn gen 6 s r 1 9 1 0 .. Var Consol 6 s r 1 0 1 9 ...V a r Penn A Mil Steel con 6 s. Pa A N Y Can 5s ’39. A-O Con 4s 1939..............A-O Pen u Steel 1st 5 s ’ 17 M -N Peo pie’s T r tr certs 4s *43 P Co IstA col tr 5s’49 M-S ConA col tr Os 1951M -N Phil Elec gold trust ctfs. Trust cortlfs 4 s ............... P A E gen M 6 g ’2 0 .A-O Gen M 4s g 1 9 2 0 .. A A O 96 44 26 26 20*4 14*2 99 10 0 10 1 86 *, 38 86 6*, 87*2 5*2 2*3*6 0*2 ' Bid and asked; no sales on this day. X Ex-rights. Bid 106*, 103 101b 10 0 80 47 1 0 7 7i 14*2*' 105 064 95 102* 95 07a, H87.50 paid, 67 31 American liailw ays___ 50 4,583 Cambria S te e l................. 50 539 Electric Co of America 10 Gen Asphalt tr ctfs ....1 0 0 Do pref tr c t f s ___ 100 ’ *20** 65 Lake Superior Corp___ 100 755 Lenigli C A N avtr ctfs. 50 3,022 Lehigh Valley-................. 50 1 ,1 0 MarsdeuCo...................... 100 5,879 Pennsylvania K U ......... 60 Philadelp’ aCo (Pitliso). 60 3,548 Philadelphia Elect ric*. 26 4,H81 Phils Rapid T r a n s its .. 50 62,039 H eading........................... 50 Do 1st pref............. 50 25 Do 2d pief............... 60 **6*95 Union Traction............. 50 3,190 United Gas Impt........... 50 Welsbach C o ................... 100 A sk P H I L A D E L P H IA Bid Range Since Jan 1 1nut* Lowest Highest 20 Jan 10 20 Jan 15 80 4 Jan *2 86 J a n ‘21 5 4 Jan 29 Feb 12 lo .! an 8 l i b Jan 18 Range tor 1-reoiou, Year (iyi>7) Lowest 33 4 Jau 80 May 78 Hi Nov 10 Nov 24 Dec 8 b Oct Highest 35 85 97 23b 48 15 Jan Jan Jan Jan Jan J’ n< 1 3 4 Jan 1,- 43*4 Dec 5t Jan 30*8 Jan 20 22 Oct 4 7 4 Jan 9 u iBJau 6 7 7e Oct l i b Jan 8 Jan 3 Oct 5 Jan 20 25 Jan 18 13b N ov 36 Jan 4 Dec 10 Jan 5 b Jan 17 8 9 b Jan 17 69 Oct 103 Jau 61 Jan 13 4 8 4 Oct 7 o 7s Jan 2 4 J an b Nov 1*4 Jan 10 o3laioJan 20 *52 Nov 70**18 Jau 39 Jan 30 3 3 b Nov 4 8 4 Jan 9 Apr 5 b Jan G 0 4 Jan 18 6 *18 Nov 13 7hJan 22 18b Jan 7 ,112 Nov tfJUbMaj 4 6 b Eeb ll 57 4 Jan 9 35 b Oct 69 V Jan 39 J an 3 42 Jan 20 36 4 Nov 4 5 b Jan 3 7 4 Jan 2 41*18 Jan lo 32 4 Oct 4 7 Jan 6 0 b Jan 49 J an 22 62 Jan 10 4 1 b N 73*uJan 2 80 4 J an 13 6 6 4 Oct 96 b Jan 25 May 30 Feb ..................... 43 Jan U 2 6 78 Fob in 8 4 Jan 25 3 4 Jan 9 197«Jan 6 4 Jan 21 78 4 Jan 2 5 2 78 Feb 11 Jan 29 SP’iaJan 2 Ask B ALTIM O R E 80 Chas Ky G A E l5 s ’99 M-S Ph A Read 2d 5s ’3 3 .A-O 98 Cliarl C A A ext 5 s .’09 J-J Con M 7s 1911....... J-D 107*2 108 2d 7 s................ 1910 A-O Con M 6 s g 1911 J-D City A Sub 1 st 6 s . . ’22 J-D E x Imp M 4s g ’47. A-O 100*2 City A S u b (W a s)lst6s’48 Terminal 5s g 1941. Q-F 1 1 4 1 U2 C oalA I R y 1st 5 s ’ 20F-A 97 P W A B col tr 4s ’21. J-J C olA G rnr lstO s.1916 J-J Portland Ky 1st 6 s 1930. 9 8 b Consol Gas 6 s ...1 9 1 0 J-D Koch R yA L cou5s'54J-J 107*1 5 s.......................1939 J-D U Trac Xnil gen 5s’ 19.J-J 108 G a A Ala 1st con o s '45 J-J 72b 106 *2 Un Kys Tr ctfs 4s’49JAJ GaCar A N l s t 5 s g ’29 J-J United Kys In v ls tc o lltr 66b 67 b Georgia P 1st 6s . . . ’22 J-J s f 5s 1926................ M -N 99 4 Gaso A Fla 1st 6s 1945J-J U Trac Pit gen 6 s ’97 J-J 37*2 40 Welsbach s I os 1930.J-D '*6*7** *6*8 *' G-B-S Brew 3-4s 1951M-S 91b 10 2d incomo 5s 1951 M -N Wlks-B G A E con 5s’53J-J Knoxv 'Trac 1st 6 s ’28A-C B A L T IM O R E LakeK El 1st gu5s’ 42M-S 8 1 *2 Inactive .Stocks Memphis St 1st 5 s’ 45 J-J 48*2 Ala Cons CoalA Iron. 100 Met.St(Wash)l8t5s’25F A 104 P r e f..............................100 M tV e r Cot Duck 1st os. 72 4 7L Atlanta A Charlotte..100 N pt N A G P 1st 5s’38 M-N At Ian Coast Line KB. 100 General 5 s ....1 9 4 1 M-S Atlau Coast L (Conn)lOO Norfolk St 1st 5s ’4 4 ..J-J 101*2 Canton Co.....................100 North Cent 4 *23 1925 A-O Cons Cot Duck Corp...5 0 Series A 5s 1 9 2 6 ....J-J Preferred.....................50 Series B 5s 1926___ J-J 144 Georgia Son A F la ...100 Pitt Un Trac 5s 1997.J-J 9 2 a4 1 st prof.......................100 105 4 Poto Val 1st 5s 1 9 4 1 ..J-J 2 d prof........................ 10 0 Sav Fla A W est o s ’34 A-O G .B-S Brewing........... 100 46 Seaboard A L 4a 1960 A-O 90 Scab A Roan 6 s 1926. J-J Bonds South Bound 1st 5 s .. A-O Anacostla A Pot 5s— U El L A P lst4*2S’29 M -N ’So" Atl A Ch 1 st 7 ...1 9 0 7 J-J Un Ky A El 1st 4s ’49 M -8 85b Atkin O L K K 4sl952M -S 87 47 Income 4s 1 949........J-D Atl Coast L(Ct)ctfs5s J-D Funding 5s 1 9 3 6 ...J -D 7S’i Ctfs of iuuebt 4s — J-J Virginia M id la n d 68 6-20 yr 4s 1925......... J-J 211 series 6s 1 9 1 1 ...M -S B a ltC l’ ass 1 st 5 s ’l l M-N 101*2 3d series 6 s 1 9 1 6 .-M-S Balt Fundg 68.1916 M -N 4th ser 3-4-68 1 9 2 1 .M-S 91*2 Exchange 3*28 1930 J-J 5th series 6 s 1 9 2 6 .M-S 103*2 Balt A P 1st 6 s in I ’ l l A-O Va (State) 3s new ’3 2 .J-J Balt Trao 1st 5 s ..’29 M-N 9 5 a, 89b Fund debt 2-3s 1991. J-J No Balt D lv 6 s 1942 J-D 1*0*84 98 W est N C con 6 s 1914 J-J 67\ Ceut’ l R yoon5sl932 M-N W es Va CA P 1st Cg* 11 J-J 1 0 1 E x t A Imp 68.1932 M-S 108 W il A W eld 5 a ..1 9 3 6 .J-J Chas City Ky Is 15s ’23 J-J i o i f $15 paid, t $10 mud. i$35D *u l. a Receipts, b $25 psKL « $ 3 0 p * ld . d$42*« paid. 414 THE CHRONICLE. [VOL. LXXXVI. Volume oi Business at Stock Exchanges : 00 Bid z56 TRANSACTIONS AT THE NEW YORK STOCK EXCHANGE D AILY. W EE KLY AND YE AR LY. .25 00 00 00 00 .50 ,25 25 100 60 40 92 40 92 100 55 80 00 1 Stocks Week ending Feb. 14 1903 Saturday____________ Monday_____________ Tuesday_____________ Wednesday _______ Thursday____________ Friday______________ Total.......................... Sates at New York Stock Exchange Shares A c.. Par value V . S. Honda Honda 429,241 967,823 581,446 $35,409,600 $1,241,500 81,231,300 2.023.000 46,373,100 2.011.000 ____ h o l I D A Y ......... 660,160 55.447,300 1,819,500 573.496 47,976,600 1,657,000 3,212,166 $206,437,900 1908 $5,000 1,000 10,000 $8,752,000 $1,089,500 Week ending Feb. 14 1907 $9,857,500 00 Railroad, Stocks— No. shares... 3.212,166 3,767,591 Par value........... ...... $260,437,900 $306,372,150 Bank shares, par_____ $600 $7,200 Bonds. Government bonds___ $16,000 1,089,500 $8S0,500 Kit. and mlsc. bonds.. 8,752,000 6,141,500 Total bonds_______ 00 $7,022,OOOl J §88 00 50 -N 60 -D §90 -N §100 l-J §90 Jan 1 to Feb. 14 1907 22.012.644 $1,847,245,500 $29,000 31,564,842 $2,673,172,185 $42,900 $79,000 7,439,500 107,542,400 $116,500 8,543,500 61,482,200 $115,060,900 $70,142,200 00 Saturday.._________ Monday_____________ Tuesday ............. ........ Wednesday_________ Thursday___________ Friday______________ Total......... .............. Boston Listed shares Unlisted shares 10,963 33,843 15,816 9,847 15,854 9,216 16,357 15.S24 12,211 10,153 Philadelphia Bond sates Listed shares $83,000 15,270 37.000 21,911 22.000 21,059 HOLT DAY . . . 21,000 19,770 28,000 20,255 $101,000 98,871 Unlisted shares 2,831 6,213 4,853 6*008 6,412 Bo rut sales 7*5** 50 97 45 98 108 70 95 §50 -N 60 10 212 92 70 76 95 105 ____ 35 75 15 65 Short-Term Notes Erie 6s, Apr 8 1908. Interb R T g 4 s 190 $30,500 5S | 34,300 56,700 L a ke! *‘ 4*1*706 31,200 20 -D 00 D AILY TRANSACTIONS AT THE BOSTON AND PHILADELPHIA EXCHANGES Week ending Feb. 14 1908 Ask 65 120 Ferry Companies 16.000 1008 100 Missouri Pacific— 89 §87 80 §84 §9612 97 §953 1 9614 §993.1 10 U12 §9911 993; §991,8 9912 §983;8 99 60 67 §973;S 0734 §93 90 N §97 08l2 -S §91 95 -J $891;2 0OI4 -S $82 87 -S $79 83 A §983.l 99l8 -S §981;2 99 ■A §98kI 0812 A §90 07 ,-S .S l-J -S 08 -J ■O :A -S 11 •A ■O •A -S D D O A -S )9 10 A §981;2 §97 §981.l §981;> §93 Industrial and Alisce Cons R y Lgt&Refrlg.lOO Consol Rubber Tire, loo iou Preferred ............. I benture 4s 1051A&O Cons Steamship Lines 100 Coll tr 4s 1 0 5 7 ...J & .l Cons Storage Batt‘ y ._ lo o Corn Prod Ref See Stock eCrucIblo S t e e l ... lot) ePreferred____ "10 0 ^Diamond Match CoIlOO Dominion Copper______ 10 Douglas C op p e r.. ' 5 Econ’y Lt & P (Jolle*t” lfl) 1st M s f g 5s 1 9 5 0 .J-D Electric Boat_________100 Preferred __________ 100 Electric Vehicle...........loo Preferred __________ 100 Empire Steel__________ 100 Preferred __________ 100 ^Federal Sugar of N Y 100 ePreferred__________ loo eGeneral Chemical___ 100 ePreferred__________ 100 Gold Hill Copper_________1 Greene Cananea_______ 20 Greene Consol Gold___ 10 Greene Gold-Sliver____ 10 Guggenheim Explor’n 100 eHackensack Water Co R ef g 4s ’52 op T 2 .-J -J Hall Signal Co_________100 Havana Tobacco C o. .1 0 0 Preferred___________ 100 1st g 5s June 1 ’2 2 . J-D Hecker-Jones-Jewell Mill 1st 6s 1022................ M-S Her’ g-Hall-M ar, new . 100 Hoboken Land & ImplOO e5s 1010______ . m -N Houston OU_______ 100 Preferred ...................100 Hudson R ealty_______ IOU i-'ugersoll-Raud c o m .100 ePreferred ................ loo Internat’l Bank’g C o.100 -' i t ill Mer Mar See Stk item at'1 Nickel____ loo Preferred __________ luo ltem atlonal S a lt ., iou 1st g 5s, 1951.......... A -o Hid 1 10 Aak 3 5 15 30 1*4 10i8 Exc lis t " 414 41s 33U 34 122 124 21s 2U 434 512 $ . . . . 100 15 20 60 70 70 92U *78 9-16 11IS 145 155 80 22 7 16 46 05 33 150 §98 0 34 10n 40 75 ltd Exc 85 74 84 28 9 18 61 102 45 10 2 * 7 40 110 1)0 * 130 list 95 78 13 47 09 99 10 0812 42 0834 1 Preferred ............... 1 100 94 60* 57 §88 102 106 01 , 1st 6s 1948_______ j - d A weekly review ot Outside Market will be lound on a preceding page. §80 85 28 32 75 §70 * 1018 10t2 $983.;1 991* 1 175 185 Street Railways Hid Aak Street Railways Hid Aak §85 1)1 t 65 75 New York Clip Pub Serv Corn N J (Con) $87 91 1 130 Bleeck St & Ful F stk .100 21 27 J C H ob & Patersn.100 45 45 Preferred .L ____ IIlOO $85 00 VO" 100 80 e 1st mtge 4s 1950.J-J 72 4s s 1949.............M-N 62 60 t 125 160 a B ’ y & 7th Avo stk__100 110 150 J SoJ Gas E l& T rac.lO O 100 102 Railroad Stk E xllst a 2d mtge 5s 1 9 1 4 ..J-J 90 100 A Gu g 5s 1 0 5 3 ...M - S $92 94 20 10 Con 5s 1943 SeeStock Exc list No Hud Co R y6s’ 14 J-J $104 106 2d 6s 1010............... M-N 10 75 90 B ’way Surf 1st 5s gu 1924 5 90 100 5s 1928..................... j . j §97 102 C 2 6 a Cent’ l Crosst’n s tk ._ 1 0 0 125 250 Ext 5s 1024____ M - n §90 J 90 23, * 212 a 1st mtge 6s 1 9 2 2 .M-N 100 110 Pat City con 6s ’3 1 . J-D §105 9 5 " J Is 85*" 13 a Cen Pk N & E R stk 100 100 150 2d 6 s . .1914 opt A-O §100 *5, 65 A :J 50 a Chr’ t’r & 10th St stk 100 100 140 So Side El (Chic) See Ch Icago ____ s 434 ,. 5 Col & 9th Ave 5s See Stock Exc list Syracuse R T 5s '46 M &S § 90 10 16 16*2 . Preferred ________ I I 50 * 24 Dry D E B & B — Trent P & H 5s 1943 J-D § 95 10 90 100 A 78 98 o 1st gold 5s 1 9 3 2 ..J -D 02 United R ys of St L— k Exc list r 90 109 8 Scrip 5s 1914____ P-A 60 80 Com vot tr ctf3____ 100 £ N Y N H & Hartford— 197g 140 159 Eighth Avenue s to c k .100 250 310 e P referred____ 100 6284 !k Exo list f 9% too 8 Scrip 0s 1914____ F-A 95 tt 95S 43 934 - -See Stock Exc 378 J $85 87 >!78 8 42d & Gr St F’ y stk .100 275 310 UnttRys San Fran See Stk Exc 1- 100 1 12 lo e - .2 0 60 20 75 42d St M & St N A v e .100 50 Wash R y & El C o ._ 100 19 0 30 .10 0 33 I s e 1st mtge 6s 1 9 1 0 .M -S $90 97 P referred ______ '1 0 0 631 2 0 * ____ 60 I' .M-Sj 1*0*0** 70 2d Income 6s 1 0 1 5 .J-J 36 4 n 1051............... . . . J - D 7512 .10 0 130 Inter-M et— See Stk Exch ange list e W est Chicago S t . . 100 - -v» vio ova i 2 ____ 84l2 e .10 0 25U Lex A v OcPavF 5s See Stk Exc list e Con g 6s 1936___ M-N Seaboard Company— 0 ePreferred_________.10 100 70 Mctropol St R y — See Stk Exc list 1st preferred_______ 1C 0 - .2 0 25 +1G 40 h 3 Qas Securities Ninth Avenue s to c k ..1 0 0 125 150 Com & 2d prel-Nda Ba It Exc list .10 0 -' 85 100 Second Avenue s to c k .100 110 135 New York Seaboard Air Line— +018 a 1st mtge 5s 1 9 0 9 .M-N 94 100 Cent UnGas 5s g '27.J& J §85 Coll 6 se x t May ’ l l M- S $ 85 I I 60 92 <?i 95 Con Gas (N Y )— Sec Stk Exc Consol 5s 1948____ F-A 88 C .10 0 25 30 e Mutual Gas................. loo 125 8 Sixth Avenue s to c k .100 100 130 0 Preferred _________ .10 100 Industrial and Aliscel 75 S5 80 New Amsterdam Gas— Sou Boulev 5s 1 9 4 5 ..J -J $60 - .5 0 * ____ 20 P Ittsburgh B r e w in g ...5 1st consol 5s 1 9 4 8 ..J-J §84 So Fer 1st 5s 1 9 1 9 .. . A-O §95 100 . .5 0 ............ . . . 5 0 P r e fe r r e d 5 60 70 , + " I I 39 N Y & E R G a s 1st 5s’44 J-J §90 Third Avenue— See Stock Exc list Stk Exc list 0 ____ 110 P Tarry VV P & M 5s 1928 $60 Consol 5s 1943_____ J-J 80 §87 .10 0 Allls-Chalmcrs Co 1st mtgg <s >2 YkersStR R 5s 1046 A-O $8212 85 N Y & Richmond Gas 100 32 s f 5s ’36 opt * 1 6 ...J - JJ $60 1st preferred_______ 100 64 CO 28tll & 29th Sts 1st 5s ’96 65 7£ Nor Un 1st 5s 1 0 2 7 ..M -N 80 2d preferred............. 100 9 120 150 2 8*2 e Twenty-Third St stk 100 300 325 e Standard Gas c o m .. 100 American 90 9 100 110 P 161) Union R y 1st 5s 1942 F-A $85 100 e Preferred............... 100 70 ‘ 1 10 117 * Exc list. R Westchest 1st 5 s '43 J-J $60 1st 5s 1930.......... ..M - N 80 §88 89 9 172 180 U 93 Brooklyn Other Cities 115 120 J 86 UO' Si Atlan Ave 5s 1 9 0 9 .. .A - O $___ 100 Amcr Light & Tract-100 92 J . . . 39 50 S' 60 Con 5s g 1931_____ A-O §____ 100 Preferred _________ 100 83|: Preferred J r ____ 80 310 325 £1 B B & VV E 5s 1 0 3 3 ..A -O 95 100 Bay State Gas_________ 50 1 S 9 100 110 1*2 190 Brooklyn City s t o c k ...i n 180 Blngh’n Gas 5s ’3 8 .A & 0 85* 1st M g 5s ’31 red. A-O > 95 100 21 24 Con 5s— See Stk Exch Exc list Brooklyn Union Gas deb Ad just M 5s Apr 1 1931 23 4 312 ) 90 100 „ Bkln Crosst’n 5s 1 9 0 8 .J-J 95 100 6s 1909 conv 1007.A1-S ____ S' 105 34 40 J 18 Bkn Hgts 1st 5s 1041 A-O 90 100 Buffalo City Gas stocklOO Preferred----------------100 100 110 7 12 ) 7 Bkln O Co * Sub See Stk Exc list 1st 5s 1947— See Stock Exc list 2d 2 Si ) ____ 5 8 Bklyn Rap Tran— See Stk Exc list Con Gas or N J 5s '3 0 .J-J §85 Preferred ............ . .1 0 0 90 05 ) 87 £0 28 Consumers’ L H & Pow— e Coney Isl & B klyn-.lO O 100 150 ) 150 160 ,, 1st 0s 1930.............M-N 67 72 1st cons g 4s 1 9 4 8 ..J-J 75 5s 1933...................... J-D $100 105 85 ) *31* 488 495 4*2 f 100 Brk C & N 5s 1 9 3 9 .J-J 90 Elizabeth Gas Lt C o ..1 0 0 250 S' ) 245 ' : 260 E xc list Essex & Hudson G as.loo 1 U8 1*1*2* Gr’pt&LorSt 1st Gs.M &N 98 1st 5s 1 9 1 0 -1 9 1 4 ._.J -J ) 30 85 921Z Kings C El 4s— See.Stock Exc list Fort W’ayne 6s 1 9 2 5 ..J-J 34 25 30 ) 90 95 <-’ JL’oxas& Pacific C o a l.100 75 85 05 Nassau Elec pref____ 100 60 Gas & El Bergen C o ..l o o 1st 6s 1008________ A-O 43 47 ) 2 83 id2 86 5s 1944...................... A-O 93 e Gr Rap G 1st 5s 1 5 .F-A $95 100 98 ) 16 115 125 18 T 1st 4s 1951— See Stock Exc list Hudson Co Gas_______100 94 98 *514 1 78 512 8° Indiana Nat & III Gas— N W ’ bg&Flat 1st ex 4 Hs 90 ) 00 i' 1212 Steinway 1st 6s 1 9 2 2 .J-J §95 1st 0s 1908..............M -N 15 20 rn Preferred, new____ 100 ) 105 :120 *4*5* 65 Other Cities Indianapolis G a s .. 50 45 53 1 1 1 15*2 35 45 Buffalo Street R y — 1st g 5s 1052.............A-O §92 40 U; U7«2 1 33 57 60 Jackson Gas 5s g 3 7 . A-O §80 lstconsol 5s 1 9 3 1 ..F -A $102 1 st preferred_______loo 89 1 100 1110 95 97 Deb 6s 1017.............A-O 100 Kansas City Gas_____ loo 60 2d preferred________ 100 1 90 100 90 92Ij e Laclede Gas________ 100 Chicago City Ry — See Ch 'casro hlted Blc Note Corp . .5 0 100 U > 290 i110 +45 50 e Preferred_______ 100 Columbus (O) St R y .1 0 0 90 50 100 r Preferred ________ _ 50 *45 • 135 1L40 50 Preferred ................. 100 10 1 Lafay’eGas l s t 6 s ’24_M -N 25 ............Cigar M fg,p f.Iou 35 1 .100 1107 75 85 Colum R y con 5s— 5eePhl la list Log& W abV 1st 0s ’ 25 J-I) 20 Copper............. 100 30 . *43g 438 U; 5A Orosst’ wn 1st 5s ’33 J-D $100 103 Madison Gas 6s 1 920 . A-O §9Ul2 106 6*4 Preferred ..................i 0() *103,. I7 Grand Rapids R y ____ 100 57 2158 25 r, ' . t ntHifllf.ir Newark Gas 6s 1 9 4 4 ..Q -J 120 122 80 1 ,... 3 U 1 200 215 Preferred ................. loo ____ Newark Consol G a s .. 100 85 80 82 68 U Lake St (Chic) El— See Oh Icago list 25 e Con g 5s 1048____ J-D 100 103 rT 1*1*6* 1140 e Loulsv St 5s 1 9 3 0 ..J& J $io.VU 107 90 *95* No Hudson L H & Pow— Celluloid Co______•____ 100 117 1.23 pui ciuua— U w.vv» Lynn & Bos 1st 5 s ’24 J -l) loo “ 10 1 5s 1938....................... A-O §98 Cent Fireworks c o m ..1 0 0 Col tr s f 5s 51 opt ’ l l §10St2 10934 10 20 e New Orl Rys & L g t.1 0 0 8i2 e O & Ind C Nat&Ill.lO O Preferred .................. 100 60 e P referred............... 10 0 20 70 ,, Col. tr s f 5s ’5 1 not opt §10812 10934 1st 6s 1926................J -n "28 " 20* Central Foundry___ 100 2 U Gen M g 4 Vis ’35 See S tk Ex list Pat & Pas G a s * E lec.100 76 65 P re fe rre d ____ 100 9 ell r* North Chic Street See Ch Icago list Exc list e Con g 5s 1949___ M S §94 Deb 6s 1919 op ’01 M -N 65 VV 55 Pub Serv Corp of N J .1 0 0 75 St Joseph Gas 5s 1 9 3 7 .J-J §75 90 Ceutury R ealty............. 100 185 195 Tr ctfs 2 % to 0 %perpot 60 61 Chesebrough Mfg C o.100 390 425 W Coll Os g notes ' 0 9 . M-N $85 Electric Companies 88 City Investing Co____ 100 & Mtge Guar_______ 100 140 160 00 55 North Jersey St R y 100 30 Chicago Edison Co See Ch Icago list 45 eClallln (H B ) ,c o m . 100 95 . . . . vv 1st 4s 1948.......... M -N $62 64 e Kings Co El L&PCo 100 93 96 elst preferred______loo ___ W 90 . Cons Tract of N J . . 100 65 +100 1*0*4** Narragan(Prov) El C o .50 67 84 87 e2d preferred____ loo ___ w. 90 1st. 5s 1033.......... J-D $100 102 Exc Hit N Y & Q El L .JcPowCo.lOO 25 40 Col & Hock Coal&l pf 100 76 VV 00 Ncw’ kPasRy 5s ’30 J-J $104 105 *8 Preferred __________ 100 50 1st g 5s 1017.............j - j 75 90 85 P r e fe rre d ____ I I I I I l O Rapid Tran St R y .1 0 0 235 250 Us United Elec of N J ___ 100 60 66 Col tr 6s Oct 1 9 5 6 ..J -J 00 1 01 V V 1st 5s 1921...........A-O §100 100 t - t g 4 s 1941)...........J-D 1 $so 62 Consol Car H eating... 100 30t2 25 Per share § Buyer pays accrued Hit a hfc-rlgnta. « Hells on Stk. E x ., but not very active, l New stock, n W i n * . ;•.‘i-vdrri Outside Securities 26.317 $200,400 1^ a THE CHRONICLE. F eb . 15 1958. 415 im u e s lr a r a t a n d R a i l r o a d J t it i> Ilig * r ix e . R A I L R O A D T h e oa n b e fo llo w in g o b ta in e d . co lu m n s th e sta tem en t p e r io d . to ta b le T h e e a rn in g s sh ow sh ow s fir s t fo r th e th e tw o th e fis c a l g ross co lu m n s p e r io d y e a r e a r n in g s o f fr o m to ta ls J u ly o f o f fig u r e s 1 e v e ry g iv e to th ose G R O S S a n d roa d s S T E A M th e gross r a ilr o a d e a r n in g s in c lu d in g w h ose E A R N IN G S . . . fis c a l su ch y e a r T h e r e tu r n s o f th e str e e t r a ilw a y s a r e b r o u g h t to g e th e r s e p a r a te ly o n L a te s t G r o s s E a r n in p s . W e e k or M o n th . HOADS. A la G rea t S o u th e rn — S ec A la N O & T e x P a c . N O A N E a s t -.r A la A V ic k s b u r g .r V le k s b S h A P . . r A la T e n n & N o r t h .. k A t c .h T o p & S F e . A tla n ta A C h a r i ... A t la n t a B lrm A A tl A t l a n t i c C o a s t L in e . B a ltim o r e A O h l o . . B an gor A A roostook B e llc fo n t e C e n tr a l- . B o s to n A M a in e — r B r id g e t o n A S a c o K B u ll R o c h & P it t s .. B u ffa lo A S u s q I l y . C a n a d ia n N o r t h e r n . C a n a d i a n P a c l l l c ____ C en tra l o f G e o r g ia .. C en tra l o f N J ersey . C h a t t a n o o g a S o u t lio C h esap eak e & O h io . C h e s t e r fie ld A L a n e C h ic & A lt o n R y . . r C h ic B u rl & Q u ln - .r C h ic G re a t W e s t - .r C h ic I n d A L o u ls v .o C h ic In d & S ou th ern C h ic M llw & S t P a u l C h ic A N o r t h w e s t .r C h ic S t P a u l M & O . C h ic T e r m T r a n R R C ln N O & T e x a s P C in cin n a ti N o r th e r n C le v C ln C h ic & S t L C o lo r a d o M id la n d .r h C ol A S o u th S y s .r C ol N cw b & L a u r. C o p p e r R a n g e -------C o r n w a l l -------------------C o r n w a ll & L e b a n o n C u b a R a ilr o a d .- 2 D e la w a r e A H u d D el L a ck A W e s t - .r D e n v e r A R io G r. D e t r o i t & M a c k -------D et T ol A Iron t Sys D ul So Sh & A t l.r .. E r l e -----------------------------E v a n s v ille & T e r H F a ir c h ild A N E — F o n d a J o h n s A G lo v G e o r g i a R R __________ G e o r g ia S o u t h & F la G ra n d T ru n k S y s t .. G r T ru n k W e s t .. D e t G r II A M i l .. C a n a d a A tla n tic. G rea t N orth ern — 1 M o n ta n a C e n tr a l/ G u lf A S h ip I s la n d . H o c k i n g V a l l e y -------I l l i n o i s C e n t r a l -------In te r A G rea t N orth a I n t e r o c c a n lc (M e x ) I o w a C e n t r a l . o -------K a n a w h a A M ic h .. K a n s a s C ity S o u t h . L a k e E r ic A W e s t ’ n L ak e S h ore A M Sou L e h i g h V a l l e y ----------L e x in g to n A E a s t .. L o n g Is la n d — . — L o u is ia n a & A r k — L o u ls v A N n s h v .r . M a c o n A B lrm ln g m C urren t Y ea r. P r e v io u s Y ea r. 3 , 3 1 3 , 1 3 0 2 ,5 4 3 , 5 2 7 3 8 , 0 0 3 , 0 7 3 1 ,3 5 1 , 0 1 1 0 2 ,0 4 3 5 1 ,3 4 2 3 ,7 1 8 ,7 1 3 5 0 0 ,5 1 4 4 3 8 ,0 0 1 4 ,1 0 0 ,5 1 0 4 ,0 5 9 ,0 5 9 3 3 ,6 0 1 ,3 5 7 4 ,3 5 0 ,8 0 0 1 4 9 ,0 0 0 1 0 0 ,0 0 0 4 ,0 3 5 ,4 0 0 1 3 4 »,4 5 2 1 4 5 ,0 0 7 1 .9 3 1 . 8 0 7 5 0 ,7 8 5 5 2 ,2 2 8 1 .1 8 8 . 8 0 7 1 8 0 ,2 0 2 1 4 2 ,8 3 0 5 ,0 4 1 , 2 8 0 7 7 4 ,0 4 0 0 8 2 ,8 2 2 Y o r k C en tr a l. Y o r k C e n t r a l. 1 9 ,4 8 5 ,0 0 4 2 ,7 4 5 ,0 3 0 2 0 0 ,0 9 5 3 8 ,0 3 8 3 7 ,0 8 4 In c. 25 I n c . 2 0 ,2 1 7 600 483 7 0 ,8 0 4 0 4 ,1 8 8 8 4 2 ,8 4 5 2 8 ,5 8 0 ,5 2 5 7 3 5 ,0 7 5 0 1 ,1 0 0 1 5 ,9 1 2 1 1 ,3 1 7 3 2 ,8 0 0 4 ,4 4 8 4 ,8 0 4 2 1 3 ,3 4 0 2 0 ,5 0 0 2 8 ,3 8 1 3 , 1 0 3 , 4 8 3 2 ,5 0 2 , 7 0 7 1 8 , 4 1 0 , 4 5 1 5 ,2 2 9 , 0 0 2 1 5 1 ,6 3 3 1 3 5 ,0 2 5 4 ,4 5 8 ,7 0 0 1 0 0 ,2 0 0 1 7 7 ,5 0 0 7 3 0 ,0 8 0 2 6 ,1 3 6 2 2 ,0 1 7 Y o r k C en t r a l. 6 9 7 ,7 3 3 7 0 ,7 2 8 7 8 ,1 0 4 4 0 0 ,2 5 3 1 0 ,7 1 8 1 0 ,3 0 8 2 ,5 0 4 , 3 5 8 5 0 ,5 0 0 0 1 ,5 0 5 7 ,6 1 1 ,7 0 4 1 4 0 ,5 1 8 1 0 7 ,5 0 8 1 ,9 2 0 , 3 7 7 2 ,3 1 0 , 0 1 4 1 3 , 3 0 1 , 4 0 1 0 0 0 ,0 0 0 7 5 7 .0 0 0 2 8 ,2 0 0 ,5 8 0 9 0 0 ,0 0 0 1 9 ,0 0 0 2 5 ,0 0 0 0 8 8 ,0 0 0 7 8 2 .0 0 0 2 0 ,1 0 9 ,5 8 9 0 3 9 ,0 5 4 2 7 ,0 8 0 3 1 ,4 7 3 5 ,7 7 7 , 3 0 9 8 4 7 ,7 1 0 0 7 5 ,0 2 5 0 ,7 3 0 , 0 8 1 2 0 1 ,4 3 0 2 8 2 ,7 7 8 0 1 0 .1 0 7 1 0 ,7 3 8 1 7 ,0 3 2 2 1 3 ,8 3 0 7 ,1 2 2 4 ,0 0 8 4 4 ,1 7 0 0 ,5 0 3 7 ,2 3 2 A G G R E G A T E S O F C u r ’ nt Y e a r P r e v ’ s Y e a r W e e k ly S u m m a r ie s. S 1 3 .4 0 8 ,5 7 9 9 ,8 0 5 .7 3 0 9 .7 3 8 ,8 1 0 9 ,8 0 2 ,1 7 3 1 4 ,4 2 4 ,9 4 5 8 ,7 5 3 ,7 1 5 9 2 0 4 ,1 1 1 8 .9 1 1 ,7 2 9 1 3 ,4 4 1 ,9 1 6 7 ,9 3 2 ,6 0 8 S 1 3 ,3 3 0 .3 4 0 ( 4 5 r o a d s ) _____ 4 th w eek N o v 9 ,4 7 9 , 5 1 9 ( 4 6 r o a d s ) _____ 1st w e e k D e c 9 . 2 4 8 ,4 9 5 ( 4 3 r o a d s ) -------2d w eek D ec 9 ,4 0 2 , 0 7 4 ( 4 0 r o a d s ) -------3d w eek D ec 1 2 , 6 1 0 ,1 4 9 ( 4 4 r o a d s ) -------4 th w eek D e c 7 .0 6 5 , 4 8 7 ( 4 4 r o a d s ) -------1st w e e k J a n 7 ,9 5 9 . 3 7 3 ( 4 0 r o a d s ) -------2d w eek Jan 8 ,2 2 0 , 4 7 1 ( 4 3 r o a d s ) -------3d w eek Jan 1 2 ,2 9 2 ,3 3 1 ( 4 7 r o a d s ) -------4 th w e e k J an 6 ,9 5 1 , 7 3 2 ( 3 0 r o a d s ) -------1st w e e k F e b --------a M e x i c a n c u r r o n c y b I n c lu d e s e a rn in g s o f G u lf A I T h ese fig u re s a rc on t lio new d o e s n o t w eek o r m o n th . b e g in w ith S — 1 3 8 ,2 3 9 — 3 8 0 ,2 1 7 — 4 9 0 ,3 1 5 — 4 0 0 ,0 9 9 — 1 ,8 0 8 , 7 9 0 — 1 ,0 8 8 , 2 2 8 — 1 ,2 4 4 ,7 .3 8 — 0 9 1 .2 5 8 — 1 ,1 4 9 , 5 8 5 — 9 8 0 .8 7 0 0 .9 9 3 .9 0 5 .0 .3 4 .6 7 1 2 .5 4 1 2 .4 3 1 3 .5 2 7 .7 5 8 .5 5 1 2 .3 5 D iv is io n , m o n th ly \\ e J u ly , a n d a d d b u t a la s t tw o s u p p le m e n ta r y co v e rs C urren t Year. so m e oth er J u l y 1 to L a te st D a t e . P r e v io u s Y ea r. C urrent Year. P r e v io u s Y ea r. P e r io d . W e e k ly a n d M ch A p r il M ay June J u ly Aug Sept O ct N ov D ec 1007 1907 1007 1907 1907 1907 1907 1907 1907 1907 c In c lu d e s th e b a s is p r e s c r ib e d b y t h e I n t e r - S t a t e C o m m e r c e C o m m i s s i o n . 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 Sept Jan D ee D ec Jan Jan D ec D eo D ec N ov D ec D ec N ov N ov D ec D ec D ec D ec D ec D ec D ec D ec N ov F eb D ec C u r ’ nt Y e a r P r e v 's (1 1 8 r o a d s ) . (1 1 8 r o a d s ) . (1 2 1 r o a d s ) . (1 2 1 r o a d s ) (llO r o a d s . (1 2 1 r o a d s (1 1 8 r o a d s ). (1 2 0 r o a d s . (1 2 0 r o a d s ) . (6 1 r o a d s ) . H ou ston M ch 1 1 1 Jan 1 1 1 1 Jan 1 Jan 1 Jan 1 1 Jan 1 Jan 1 Jan 1 •Jan 1 1 Jan 1 Jan 1 Jan 1 Jan 1 1 1 1 1 Jan 1 .3(1 31 31 31 21 21 31 31 31 30 .31 31 30 30 31 31 31 31 31 31 31 31 3( 1 31 4 0 ,2 1 0 ,5 6 5 1 ,0 3 7 3 0 3 2 ,0 8 7 ,3 7 7 9 5 2 ,2 5 9 1 3 ,0 5 0 4 2 3 1 3 ,2 3 2 ,3 5 5 1 ,3 2 8 ,7 0 6 4 0 0 ,3 4 2 7 ,4 3 4 ,3 3 9 1 ,5 3 1 , 2 7 2 5 ,0 1 6 ,2 0 9 4 ,2 0 2 ,4 4 7 1 ,2 2 9 ,3 4 8 1 5 ,0 8 5 ,6 8 0 0 ,2 7 0 ,0 5 4 40 5 0 0 ,3 4 7 3 ,0 3 0 ,7 7 5 7 8 .4 1 3 ,0 4 1 0 ,6 0 0 8 ,5 0 5 ,6 3 8 1 5 ,3 3 8 ,0 2 5 1 4 ,0 2 3 3 7 .0 8 7 2 1 ,0 4 2 ,1 1 7 1 7 ,9 0 2 ,2 4 9 3 9 .0 3 4 .3 G 0 8 7 7 .4 4 1 3 0 3 ,5 3 0 3 7 3 ,5 1 3 2 9 ,8 9 5 ,5 1 0 2 4 ,2 3 7 ,4 0 2 1 ,2 1 4 ,1 1 4 5 5 ,3 4 7 ,0 3 0 7 2 1 ,5 7 5 0 ,2 0 7 ,8 1 7 4 ,0 2 2 8 8 7 70 802 9 4 0 ,1 4 0 6 2 ,1 2 0 ,3 1 4 3 3 ,0 0 7 ,0 2 0 0 ,1 0 0 ,5 1 4 4 ,7 8 3 ,3 50 2 ,3 0 0 ,3 0 8 1 ,2 0 4 ,9 5 0 7 2 2 ,4 7 7 1 0 .2 4 8 ,9 0 0 4 2 ,8 3 0 2 ,5 1 7 ,5 1 0 7 8 0 ,0 8 0 2 ,3 5 9 ,4 4 3 2 4 ,5 0 7 4 5 2 ,8 5 0 3 0 ,0 6 3 ,6 5 0 5 0 0 ,7 5 8 1 0 ,7 1 0 ,0 2 4 3 ,1 0 0 ,2 3 0 3 ,0 5 8 ,0 0 0 3 ,6 1 8 ,4 5 7 3 ,7 0 4 ,3 0 7 1 4 4 ,7 3 1 5 ,5 9 0 ,0 7 0 C urrent Y ea r. P r e v io u s Y ea r. 2 ,5 5 8 . 4 3 0 5 ,4 6 3 2 0 ,1 4 1 ,0 9 3 6 4 ,0 2 7 4 5 8 ,2 0 0 0 0 ,4 3 9 n 9 8 7 1 3200 7145018200 n o ,1 1 2 ,4 0 0 2 7 4 4 ,9 7 2 7 )2 8 5 8 0 4 0 0 7 )2 0 3 8 4 3 0 0 2 ,7 7 9 ,8 9 4 9 3 7 ,8 0 1 7 )1 4 8 3 2 2 0 0 7)3 0 8 0 , 2 0 0 n l0 4 6 5 7 0 0 13 3 5 1 , 2 4 8 1 0 4 ,8 1 2 ,7 9 0 7 t) C .8 ,1 1 0 , 1 7 .3 3 3 ,3 4 9 3 2 .2 0 1 ,8 1 9 8 0 0 ,9 9 2 1 ,5 0 4 ,70C 5 .9 0 2 , 0 5 8 2 ,3 7 3 , 2 .3 9 5 ,1 3 3 1 7 ,0 5 0 .0 2 9 9 0 ,4 3 8 4 5 0 ,7 0 0 7 2 ,3 2 1 7 )9 2 0 8 9 8 0 0 O 42544400 7 )5 ,2 1 2 , 8 0 0 2 ,0 9 8 ,5 2 2 n26275600 7 )2 4 5 9 4 9 0 0 2 ,7 9 0 ,2 0 2 9 4 5 ,1 0 3 1 4 ,4 8 1 ,5 0 0 0 2 ,7 9 9 ,2 0 0 n 9 ,9 0 2 ,2 0 0 1 1 ,7 4 6 ,4 4 8 1 4 8 ,2 3 9 ,8 9 0 800 1 6 ,0 1 9 ,0 4 9 2 9 ,4 9 0 ,5 8 4 734 255 1 ,9 3 7 ,8 4 7 5 ,2 2 9 ,4 5 8 M o n th ly . M o n t h l y S u m m a r ie s . M on th M on th M on th M on th M on th M on th M on th M on th M on th M on th retu rn s th e n 7 7 7 6 2 0 0 1 1 7 7 5 2 ,8 0 0 5 1 , 7 8 2 , 2 0 7 N Y C A H u d R iv e r D e ce m b e r n 3 3 7 2 7 0 0 7 1 3 5 6 2 ,4 0 0 2 3 , 4 2 8 6 2 0 L a k e S h ore A M S D e ce m b e r 2 ,6 7 0 ,8 7 8 n .3 8 9 ,0 0 0 7 1 4 1 3 .0 0 0 L a k e E r ie A W e s t D e c e m b e r 1 ,2 4 5 , 4 7 4 2 0 2 ,0 0 6 2 4 3 ,4 0 2 C h ic In d A S o u th N o v e m b e r . 1 1 2 1 4 8 0 0 0 112 3 1 1 3 0 0 1 4 , 7 5 2 , 3 0 7 M ic h ig a n C e n tr a l. D e c e m b e r n l 9 0 4 2 0 0 1 12100700 1 3 ,0 4 4 ,5 7 2 C le v e C C A S t L . D e c e m b e r 1 ,3 3 7 ,0 7 4 2 5 3 ,7 8 1 2 3 5 ,7 1 8 P e o r ia A E a ste rn N o v e m b e r . 4 5 7 ,9 0 7 8 2 ,1 0 4 7 0 ,6 8 7 C in cin n a ti N o r t h . N o v e m b e r . 7 ,7 9 0 ,1 4 1 n 6 4 3 ,8 0 0 711129200 P i t t s A L a k e E r ie D e c e m b e r 1 ,6 9 3 ,6 5 0 n 2 3 2 , 0 0 0 7 1 2 2 0 .0 0 0 R u t l a n d ____________ D e c e m b e r 5 ,2 4 4 ,0 4 0 7 1 8 6 8 ,2 0 0 7 1 0 3 0 ,7 0 0 N Y C h ic A S t L . D e c e m b e r S ee N e w Y o r k C en tr a l. N Y C h ic A S t L o u is 4 ,3 0 6 ,2 2 5 5 0 0 ,8 7 4 5 5 3 ,4 2 8 N Y O n t A W e stern D e ce m b e r 2 0 ,5 1 1 ,1 1 3 4 ,1 8 0 , 2 7 4 N Y N H A I la r t -.r D ecem b er 1 4 6 0 ,0 2 3 2 2 0 ,8 4 2 2 0 1 ,0 0 3 N Y S u sq A W e s t .. N o v e m b e r. 2 ,2 4 3 , 5 7 1 2 ,4 4 3 , 1 0 0 1 7 , 0 1 0 , 0 2 3 N o r fo lk A W e s t e r n - D e c e m b e r 7 ,0 0 4 ,0 5 4 9 9 3 , 2 4 0 1 ,0 0 1 , 9 4 0 N o r th e r n C e n t r a l. . D e c e m b e r N o r t h e r n P a c i f i c ____ J a n u a r y . . 4 , 3 2 8 , 3 3 8 4 ,1 2 5 , 1 6 3 4 4 , 0 1 5 , 3 1 3 4 ,2 0 5 ,5 7 4 5 0 3 ,2 0 9 5 9 5 ,8 0 9 P a c i f i c C o a s t C o ___ D e c e m b e r 1 1 0 1 1 3 1 7 1 3 0 2 5 6 1 7 8 5 ,0 7 1 ,4 4 1 d P en n — E ast P A F D ecem ber I n c . 3 ,1 9 D e c . l ,3 7 4 , 8 0 0 d W est o f P A E _ . D ecem b er P e o r la A E a s t e r n . - — S e e N e w Y o r k C e n t r a l. 9 .1 5 5 .2 3 8 1 ,3 6 0 , 7 0 3 1 ,4 0 1 , 8 0 3 P h lla B a lt A W a s h . D e c e m b e r 2 ,0 4 1 , 9 7 1 2 ,5 5 0 , 2 5 5 1 0 , 2 6 0 , 0 4 2 P it t s C ln C h i c A S t L D e c e m b e r P i t t s A L a k e E r ie — S e e N e w Y o r k C e n t r a l . 1 6 ,1 7 6 4 ,3 8 7 5 ,5 6 3 S ep tem b er R a le ig h A C h a rie s t 5 4 180 9 ,0 7 1 1 0 ,3 7 0 R a le ig h A S o t it h p o r t N o v e m b e r . 3 , 5 0 0 , 0 9 8 3 ,5 1 4 , 0 4 7 2 3 , 3 8 5 , 2 4 0 R e a d in g R a ilw a y .. D e ce m b e r 2 1 , 0 2 2 ,0 0 9 3 , 0 6 8 , 2 3 0 3 , 7 5 8 , 4 4 6 D e c e m b e r C oal A Iron C o . 4 8 2 ,8 7 7 4 4 ,4 0 7 ,2 5 5 7 ,2 5 0 , 4 4 4 T o t a l b o t h c o s ____ D e c e m b e r 0 0 2 ,0 0 0 1 0 0 ,4 8 3 1 4 3 ,4 2 5 R ich F re d A P otom D ecem b er 3 9 0 ,6 0 4 8 0 ,7 7 ' 8 5 ,4 5 7 R i o G r a n d e J u n e ____N o v e m b e r . 3 8 8 ,0 0 4 7 ,5 7 6 7 ,3 2 6 1st w k F e b R io G ra n d e S ou th 1 3 2 ,0 4 4 4 , 9 1 5 , 6 0 6 5 ,1 5 2 , 2 2 8 R o c k Isla n d S y ste m D e c e m b e r 3 ,7 5 1 .0 5 8 4 ,3 4 0 , 7 4 ' 2 0 ,3 2 0 ,4 0 3 c S t L A S a n F ran D e c e m b e r 1 ,2 2 5 ,7 3 6 0 0 ,6 9 2 1 6 5 ,3 4 1 /E v a n s A T er H . D ecem ber 8 , 8 3 2 . 6 0 5 9 ,0 9 0 , 6 6 3 5 0 , 0 8 7 , 8 4 4 T o t a l o f a ll li n e s . D e c e m b e r R u t l a n d ----------------------- — S e e N e w Y o r k C e n t r a l . 7 4 0 ,7 0 8 126 275 121 ,7 2 3 S t J o s e p h A G r Isl — N o v e m b e r . Is la n d S y s te m S t L o u is A S a n F ra n — S e e R o c k 6 .2 8 8 .2 3 8 1 0 3 ,5 3 7 1 0 0 ,5 7 0 S t L o u is S o u t h w - .r 1 st w k F e b 5 4 0 4 ,3 2 7 S e a b o a r d A i r L l n e . . O c t o b e r . . 1 ,5 1 8 , 1 3 4 1 ,3 8 4 , 4 2 9 8 3 ,1 8 7 4 1 ,3 6 1 4 2 ,0 0 5 S l c r r a R a i l w a y -------- A u g u s t ____ 1 ,1 6 3 ,0 6 0 1 3 1 , 6 3 4 1 0 4 , 5 4 3 J a n u a r y S o u th e rn I n d ia n a .. 1 1 0 7 3 4 0 2 1 0 9 0 5 5 7 2 6 0 ,1 0 4 ,3 5 0 c S ou th ern P a c C o .- D ecem b er 8 8 1 , 3 8 4 1 ,0 3 4 , 5 0 0 3 4 , 1 7 0 , 8 3 6 S o u th e rn R a ilw a y .r 1st w k F e b 0 ,2 8 7 ,7 7 0 1 0 8 ,1 2 2 1 4 5 ,9 0 4 M o b ile A O h l o - .r 1 st w k F e b 4 ,0 5 5 ,0 2 8 1 9 5 ,9 0 6 2 0 1 ,4 0 2 C ln N O A T e x P .r 4 t h w k J a n 2 ,2 7 2 , 0 0 8 1 3 5 ,3 0 4 1 0 4 ,0 8 2 4 th w k Jan A la G re a t S o u .r 1 ,3 0 1 ,0 5 0 0 7 ,1 6 0 6 1 ,1 0 4 G e o r g ia S o A F l a . 4 th w k J a n 7 4 3 ,2 3 4 3 1 ,8 1 3 2 6 ,2 1 8 T e x a s C e n t r a l _______ 4 t h w k J a n 0 ,8 0 2 ,0 4 7 2 4 6 ,7 5 8 3 0 1 .3 7 4 1st w k F e b T e x a s A P a c ific .. 4 0 ,2 0 2 0 580 7 ,5 3 0 T id e w a t e r A W e s t . D e ce m b e r 2 ,5 2 4 ,4 0 0 3 7 4 ,3 3 3 2 9 8 ,7 3 9 T o le d o A O h io C en t D e ce m b e r 7 7 6 ,8 0 0 2 0 ,1 9 1 2 0 ,7 7 1 T o le d o P e o A W e s t . 1st w k F e b 2 ,3 8 0 ,1 5 0 7 0 ,8 0 7 0 2 ,8 5 6 T o le d o S t L A W e st 3 d w k Jan 2 7 ,7 3 0 4 ,8 4 0 4 ,5 0 0 T o m b lg b ce V a lle y .. N o v e m b e r. 5 4 0 ,1 2 5 5 5 ,1 9 6 7 8 ,3 9 8 T o r H a m A B u ffa lo J a n u a r y . . 0 5 3 0 , 0 8 2 6 ,3 7 5 , 0 0 0 4 2 , 9 1 0 , 2 0 0 U n io n P a c if i c S y s t . D e c e m b e r 0 8 2 ,5 2 3 9 5 ,2 7 4 7 3 ,8 7 3 V ir g in ia A S o W c s t . J a n u a ry ' . . 4 0 7 ,3 3 2 1 6 ,5 6 5 ,4 1 8 4 2 2 ,5 3 5 1st w k F eb W a ba sh 3 ,6 8 2 ,8 0 5 0 2 ,8 1 7 0 3 ,9 1 1 W e s t e r n M a r y l a n d r 1st w k F e b 3 ,4 4 1 ,4 0 6 3 0 5 .3 7 4 3 5 7 ,0 7 4 W J e rs e y A S ea sh ore D e ce m b e r 3 ,6 6 4 ,4 1 4 9 4 ,2 0 0 6 5 ,0 5 6 W h e e l A L a k e E r ie . 1st w k F e b 4 ,0 0 3 ,4 2 5 5 8 8 ,4 7 5 5 3 5 ,0 7 W is c o n s in C e n t r a l .. D e c e m b e r 1 5 0 ,0 2 0 2 2 ,3 2 2 2 3 ,0 1 0 W r ig h ts v A T e n n .. D e ce m b e r 5 ,0 0 4 , 2 7 5 0 0 7 ,8 4 9 8 5 3 ,8 8 1 Y a z o o A M is s V a ll e y J a n u a r y . . E A R N IN G S — % or m o n th L a te st G r o s s E a r n i n o s . W e e k or M o n th . A tla n ta A C h a r lo tte A ir L in e — B e l l c f o n t e C e n t r a l -------------------D e l a w a r e A H u d s o n ---------------M a n l s t l q u e _______________________ M e x i c a n R a i l w a y ----------------------M e x i c a n S o u t h e r n __________________ N e w Y o r k C e n t r a l ---------------------------L a k e S h o r e A M ic h S o u t h e r n . L a k e E r i e A W e s t e r n -----------------C h ic a g o In d ia n a A S o u th e r n . M i c h i g a n C e n t r a l ------------------------C l e v e C l n C h i c A S t L o u i s -------P e o r i a A E a s t e r n ------------------------C i n c i n n a t i N o r t h e r n ..................... P i t t s b u r g h A L a k e E r i e ----------R u t l a n d .................. ............ . . — N e w Y o r k C h i c a g o A S t L o u is N o r t h e r n C e n t r a l -----------------------------(l P e n n — E a s t o f P i t t s A E r i e . . . d W e s t o f P it t s b u r g h A E r i e . . P h lla B a lt im o r e A W a s h in g t o n . P i t t s C l n C h i c A S t L o u i s ________ R i o G r a n d e J u n c t i o n ----------------------T e x a s A P a c i f i c -------------------------------W e s t J e r s e y A S e a s h o r e --------------- In c . or D e c . w e e k ly o r a s u b s e q u e n t p a g e . _______________________ _________________________________ V a r io u s F isc a l Y ea rs. G R O S S C h ica g o r e g u la r la t e s t w eek ROADS. 1 ,8 0 2 ,4 9 9 1 1 0 ,1 0 4 0 5 3 ,8 0 0 0 2 ,7 .1 2 0 4 1 ,5 7 0 5 4 ,8 0 8 10 321 3 .0 3 4 7 ,0 5 0 , 0 0 5 4 8 , 7 3 0 , 0 2 8 1 ,1 0 0 , 1 2 2 3 3 0 ,8 7 7 8 2 7 ,0 9 0 1 3 0 ,1 2 1 ! 2 ,4 2 7 , 7 0 0 1 3 , 1 8 0 , 2 0 1 0 ,7 2 0 , 0 0 1 4 2 , 8 8 5 , 1 4 4 1 ,4 9 0 ,2 5 5 2 3 0 ,0 4 5 3 8 ,7 0 0 5 ,1 3 3 1 8 ,0 1 0 ,0 0 9 3 1 ,2 0 0 “ if ,0 2 0 5 ,0 3 0 , 5 3 1 1 4 0 ,4 4 7 1 ,1 7 0 , 1 5 8 1 4 5 ,2 5 1 5 ,0 9 0 , 3 0 0 5 2 ,8 0 0 8 3 0 .0 0 0 4 0 ,1 5 0 ,4 0 0 7 ,5 0 0 , 8 5 1 2 0 4 .0 0 0 2 ,2 2 0 ,7 4 2 1 4 ,0 4 4 ,5 9 8 7 3 ,0 7 4 4 ,7 2 5 2 ,0 5 1 , 0 5 1 1 4 . 0 7 0 , 0 0 7 3 2 ,0 0 7 3 .0 3 5 0 ,5 7 1 , 7 0 1 1 ,1 0 7 , 5 1 7 4 3 ,5 2 3 ,0 9 0 5 ,6 1 2 ,5 7 2 5 ,1 0 1 ,0 0 0 124*888 3 ,0 0 5 ,7 8 4 3 ,3 0 5 ,0 1 9 0 2 ,0 8 2 t r a l. 5 ,1 3 3 , 3 5 8 3 1 , 3 3 8 , 6 3 0 5 ,0 8 3 , 0 7 3 3 6 , 1 3 0 , 7 1 2 7 ,2 0 8 ,0 1 6 ,3 1 4 ,0 7 8 1 ,0 1 3 ,0 5 9 4 2 ,4 3 8 w ay. t r a l. t r a l. 2 0 0 ,0 3 1 1 ,2 0 7 , 2 1 1 0 ,3 0 1 ,4 9 8 2 7 8 ,7 3 4 2 7 ,0 3 8 157 435 0 7 ,1 0 2 3 3 0 ,0 0 0 1 5 ,7 0 1 8 0 ,8 1 0 3 0 ,3 5 3 1 5 5 ,4 5 7 8 0 0 ,3 3 2 1 5 2 ,5 7 7 1 ,3 2 2 , 2 7 2 1 1 0 ,8 2 8 7 3 1 1 5 ,4 3 0 ,4 0 1 3 41 *8 5 6 1 3 , 5 7 7 , 0 2 1 1 2 , 7 2 7 , 5 0 0 7 4 3 ,4 0 4 7 3 7 ,3 7 8 2 2 ,4 0 7 2 ,0 1 4 ,3 3 8 2 ,7 1 0 , 4 7 1 7 7 ,0 0 3 1 ,9 3 4 ,0 0 7 1 ,0 0 9 , 5 2 9 4 5 ,1 4 0 2 ,8 3 0 ,0 8 2 3 .8 5 5 ,3 4 9 i 4 ,0 3 0 ,2 3 5 1y s t e m . 8 ,8 8 6 9 ,8 0 7 1 ,4 2 4 4 1 R ,0 1 1 4 3 6 ,9 5 7 5 4 ,2 5 1 5 3 3 ,2 9 3 1 .5 9 3 , 1 0 5 2 5 4 ,1 0 0 1w ay 0 7 1 ,3 0 1 2 7 , 2 2 3 , 4 2 8 3 ,0 5 2 ,2 3 2 1 0 0 ,3 0 3 1 ,1 0 0 , 0 9 9 3 2 ,4 0 1 1 ,2 7 0 4 0 2 3 4 ,7 0 5 M anlsttq ue-------------- la te s t w h ic h th e Jul y 1 to L a te s t D a t e . S o u t h e rn R a il M a ry la n d A P e n n .. a M e x ica n C e n t r a l .. a M e x ica n I n t e r n a t . a M e x ic a n R a ilw a y . a M e x ica n S o u th e rn M ic h ig a n C e n t r a l .M i d l a n d V a l l e y -------.M in e r a l R a n g e . r — M ln n e a p A S t L . o . . M ln n S t P A S S K . M o K ansas A T ex a s M o P a c A Iro n M t .o C en tra l B r a n c h . T o ta l sy stem . . o . f> M o b i l e J a c k A K C N a sh v C h a tt A S t L a N a t R R o f M e x ic o H id a lg o AN E .. N e v a d a -C a l-O r e g o n . N e v a d a C e n t r a l -------- fr o m fo r S 1 8 0 .5 3 0 ,5 3 2 1 8 8 ,1 3 0 ,4 5 1 1 9 5 ,0 4 3 ,3 0 5 1 8 3 1 2 5 ,6 5 7 1 8 7 ,0 8 9 ,7 9 0 1 9 7 ,2 8 8 0 3 3 192 5 4 8 ,0 2 2 2 1 3 ,0 0 7 ,7 2 7 1 8 9 ,0 8 8 ,5 6 4 6 9 ,0 7 0 .4 6 6 Y ea r 1 6 4 ,6 4 5 ,0 0 9 1 5 4 ,8 0 4 ,7 4 8 1 6 5 ,8 9 0 ,3 4 5 1 6 1 ,2 3 5 ,1 0 9 1 6 3 6 8 5 ,2 5 8 1 7 5 ,7 2 6 ,3 2 3 1 7 5 .5 0 5 ,0 3 0 1 0 6 ,8 4 3 ,6 7 8 1 8 4 ,1 0 7 ,3 9 1 7 2 ,1 0 3 .2 0 5 A T e x a s C en tra l ^ d I n c . or D e c . + + + + + + + + 1 5 ,8 9 4 ,5 2 3 3 3 ,2 3 5 ,7 0 3 3 0 0 5 2 .9 6 0 2 1 ,8 9 0 ,5 4 8 2 3 ,3 8 4 ,5 3 2 2 1 ,5 6 1 ,7 1 0 1 7 ,0 4 2 .9 8 3 1 6 ,8 5 4 ,0 4 0 + 5 ,7 9 1 173 — 3 ,0 9 2 ,7 3 9 I ts s u b s l d l ^ y U n « 0.65 21.45 1 8 .1 2 1 3 .5 9 1 4 .2 8 1 2 .2 7 9 .7 1 8 .5 6 3 .1 4 4 .2 8 In b o t h 416 L a te s t o llo w s o f G ro ss w e su m in E a r n in g s u p F e b ru a ry . d ecrea se T h e th e b y ta b le o v e r T o t a l ( 3 6 r o a d s ) . . .........................N e t d e c r e a s e ( 1 2 . 3 5 % ) ____________ th e fo u r th roa d s th e a n d sa m e w eek sh ow s w eek o f I n ^ th e l^ ta b le e a r n in g s | fo r 3 6 ro a d s th e a n d sa m e 1007. $ 1 0 2 ,1 1 8 1 1 0 ,2 0 0 8 0 7 ,0 0 0 2 1 3 ,2 0 0 1 2 6 ,8 0 3 7 1 ,2 1 3 2 8 8 ,4 7 9 2 6 7 ,1 0 0 1 3 ,3 5 6 5 3 ,4 8 1 3 8 ,3 7 0 $ 1 4 0 ,4 4 7 5 2 ,8 0 0 8 3 6 ,0 0 0 2 6 4 ,6 0 0 1 2 4 ,8 8 8 9 2 ,0 8 2 2 7 8 ,7 3 4 3 4 1 ,8 0 0 2 2 ,4 6 7 7 7 ,6 0 3 4 5 ,1 4 6 4 5 7 ,2 7 3 6 7 1 ,3 6 1 1 0 6 ,0 0 0 1 4 5 ,0 0 7 5 2 ,2 2 8 7 3 5 ,9 7 5 1 3 5 ,0 2 5 1 0 ,7 1 8 5 6 ,5 0 6 1 4 0 ,5 1 8 6 6 0 ,0 0 0 1 9 ,0 0 0 1 4 5 ,9 9 4 2 9 1 ,4 3 9 1 6 ,7 3 8 7 ,3 2 6 1 6 9 ,5 7 0 8 8 1 ,3 8 4 2 4 6 ,7 5 8 2 0 ,7 7 1 4 2 2 ,5 3 5 6 3 ,9 1 1 6 5 ,6 5 6 1 4 9 ,0 0 0 1 3 4 ,4 5 2 5 9 ,7 8 5 8 4 2 ,8 4 5 1 5 1 ,6 3 3 1 0 ,3 0 8 6 1 ,5 0 5 1 0 7 ,5 9 8 7 5 7 ,0 0 0 2 5 ,0 0 0 1 6 8 ,1 2 2 2 8 2 ,7 7 8 1 7 ,9 3 2 7 ,5 7 6 1 9 8 ,5 3 7 1 ,0 3 4 ,5 9 6 3 0 1 ,3 7 4 2 0 ,1 9 1 4 6 7 .3 3 2 9 2 ,8 1 7 9 4 ,2 9 9 6 ,0 5 1 ,7 3 2 7 ,0 3 2 ,6 0 8 J a n u a ry o u r th e la s t 1 2 .3 5 % D ecrea se. 5 $ 3 8 ,3 2 0 5 7 ,4 0 0 2 9 ,0 0 0 5 1 ,4 0 0 in N ew Y ork O ct J u ly Jan 1 1 8 ,1 8 0 1 ,4 3 8 ,0 4 5 1 7 8 ,5 0 6 1 ,4 8 5 ,1 3 7 0 6 ,0 4 6 7 4 5 ,3 6 3 1 0 9 ,5 5 f > 7 8 0 ,2 9 1 7 4 ,7 0 0 9 ,1 1 1 2 4 ,1 2 2 6 ,7 7 6 R ic h m o n d F re d & P o t - .D c c J u l y 1 t o D e c 3 1 ------------ 1 4 3 ,4 2 5 0 9 2 .0 6 6 1 6 0 ,4 8 3 8 7 7 ,4 4 1 1 8 ,8 1 6 2 4 9 ,4 6 9 56 3 9 5 2 5 0 ,5 2 1 R io G ra n d e S o u t h e r n .b -D e c J u ly 1 t o D e c 3 1 - . ------ 5 1 ,1 6 1 3 3 8 ,2 8 4 C 5 3 .8 9 0 c 3 1 9 ,4 5 7 1 7 ,9 1 0 1 2 1 ,1 8 6 c2 4 2 9 4 C 1 4 0 .0 6 8 2 1 4 ,0 8 8 R o c k I s l a n d . a --------------------- D e c 4 ,9 1 5 ,6 6 6 5 ,1 5 2 ,2 2 8 J u l y 1 t o D e c 3 1 ..................... 3 2 , 1 3 2 , 6 4 4 2 0 , 8 9 5 , 5 1 0 S t L o u ls & S a n F r a n .a D e c 3 ,7 5 1 ,6 5 8 4 ,3 4 6 ,7 4 2 J u l y 1 t o D e c 3 1 ------------------ 2 6 , 3 2 0 , 4 6 3 2 4 , 2 3 7 , 4 0 2 4 3 ,0 0 0 E v a n sv & T erre H .a -D e c J u l y 1 t o D e c 3 1 ----------------- 7 ,5 5 7 1 0 0 ,8 7 0 1 5 ,7 0 8 4 ,0 0 9 8 8 ,0 0 0 6 ,0 0 0 2 2 ,1 2 8 8 ,6 6 1 1 ,1 9 4 250 2 8 ,9 6 7 1 5 3 ,2 1 2 5 4 ,6 1 6 580 4 4 ,7 9 7 2 8 ,0 0 6 2 8 ,6 4 3 1 2 2 ,2 7 6 1 ,1 0 3 ,1 5 2 9 8 0 ,8 7 6 co v e rs a g g reg a te In crea se. D ecrea se. $ $ 2 8 3 ,3 3 2 1 ,3 3 9 ,7 1 1 3 1 ,2 8 2 1 1 0 ,1 0 4 6 2 ,7 3 2 5 4 .8 6 8 4 ,7 2 5 1 0 5 ,0 0 6 3 3 ,0 8 2 7 8 ,1 5 1 6 7 ,1 6 0 6 2 ,0 4 3 1 4 ,5 6 6 3 1 ,8 1 3 1 4 ,7 1 4 8 ,6 1 9 2 ,3 4 8 2 888 5 ,4 6 6 — th e m o n th o f — J a n u a ry th e retu rn s o f 1908. j 1007. 1 0 8 ,0 0 5 6 4 8 ,4 3 5 1 1 2 ,0 6 3 7 6 0 ,5 0 1 7 ,7 6 3 1 9 ,5 5 0 2 8 ,2 6 0 1 4 7 ,8 1 0 2 6 ,8 7 1 1 5 0 ,7 0 1 2 8 ,8 7 4 1 7 0 ,5 7 7 W i s c o n s i n C e n t r a l . a _________D e c J u l y 1 t o D e c 3 1 ___________ 5 3 5 ,0 7 2 4 ,0 6 3 ,4 2 5 5 8 8 ,4 7 5 3 ,7 0 4 ,3 6 7 1 1 2 ,6 0 8 1 ,3 8 6 ,4 4 3 162 871 1 ,3 1 3 !3 5 4 a N e t e a rn in g s h e re g iv e n a re a ft e r d e d u c t in g t a x e s , b N e t e a rn in g s h e r e g iv e n a r e b e fo r e d e d u c t in g ta x e s , c F ig u r e s r e v is e d f o r p r e v io u s y e a r s o a s t o a c c o r d w it h th e n e w c la s s ifi c a t io n o f e a r n in g s a n d e x p e n s e s n o w r e q u ir e d b y th e I n t e r -S t a t e C o m m e r c e C o m m is s io n . s A ft e r a llo w in g f o r m is c e lla n e o u s I n c o m e , w h ic h w a s a d e b it Ite m f o r t h e M o n t h o f D e c e m b e r , t o t a l n e t e a r n i n g s w e r e $ 2 6 2 ,7 0 9 In D e c . 1 9 0 7 , a g a in s t $ 3 6 0 ,0 6 6 la s t y e a r , a n d f o r p e r io d fr o m J u ly 1 t o D e c . 3 1 w e r e $ 2 ,0 6 6 ,1 8 6 th is y e a r , a g a in s t $ 2 ,4 4 8 ,3 4 0 . . v T h e o p e r a t i n g e x p e n s e s fo r 1 0 0 7 c o n t a in 5 5 5 3 ,1 4 1 a c c o u n t d e p r e c ia t io n o f e q u ip m e n t a s p e r n e w r u lin g o f I n t e r -S t a t e C o m m e r c e C o m m is s io n . N o s i m il a r c h a r g e w a s m a d e In 1 0 0 6 , h e n c e f o r a c c u r a t e c o m p a r i s o n t h is a m o u n t s h o u ld b e a d d e d t o th e b a la n c e o f $ 8 ,4 5 1 ,0 6 4 , m a k in g n e t e a r n in g s $ 0 ,0 0 4 ,2 0 5 In 1 0 0 7 , a g a in s t $ 1 0 ,0 2 4 ,0 0 6 In 1 0 0 6 . a ls o in w ill th e N et lo w in g o n ce th is sh ow s n e x t th is th e in b e w ill a p p e a r is $ 3 ,7 3 1 ,5 6 1 , g ross w e e k . w ill th e re M o n th ly w h ic h m o n th k in d th a t o f E a r n in g s fr o m a seen a m o u n t rep o rte d ro a d s b e A to a n d fo u n d in th e o r lo s s re tu rn s th e is s u e ca n a n d th e o f F e b . 2 9 . — I n t . , R e n t a l s , & c .— C urren t P r e v io u s Y ea r. Y ea r. $ $ R oa ds. A b ln g t o n & R o c k la n d E le c L i g h t & P o w e r C o -------- D e c J a n . 1 t o D e c . 3 1 ................ 378 3 ,0 0 1 124 ................ — D a l . o f N e t E ’n g s .— C urren t P r e v io u s Y ea r. Year. $ $ 2 ,8 8 6 1 6 ,6 0 5 3 ,0 8 2 ________ C e n t r a l ------------- J a n 257 303 353 718 B r id g e t o n & S a c o R i v e r .D e c J u l y 1 t o D e c 3 1 ------------- 503 3 ,5 6 0 543 3 ,2 6 0 d e f2 0 6 8 ,8 8 5 d e f7 4 6 ,1 5 7 1 6 ,6 0 5 1 4 0 ,4 2 8 1 1 ,0 8 7 8 5 ,1 3 1 1 3 ,8 7 8 8 5 ,0 7 1 53 L o w e ll E le c L ig h t C o r p . . D e c J a n 1 t o D e c 3 1 ________ 2 ,0 8 2 1 6 ,0 4 6 1 ,7 9 7 1 7 ,0 0 0 9 ,9 0 2 0 4 ,0 7 8 1 1 ,7 3 8 8 8 ,4 2 4 M ln n e a p G e n E le c C o . . . D e c J a n 1 t o D e c 3 1 ________ roa d s sh o w ____ % roa d s % 7 .4 5 r e p o r tin g T h e ta b le fo l r a ilr o a d s in c lu d in g a ll la t e s t 2 5 sta te m e n t 1 9 0 7 . o f T h e 2 3 0 ,6 4 5 1 ,5 3 3 ,7 7 2 2 4 ,7 1 6 4 4 0 ,0 3 7 62 8 10 5 3 7 ,8 8 0 C e n t r a l . b _____ J a n 5 ,4 6 3 5 ,1 3 3 610 1 ,0 2 1 B r id g e t o n & S a c o R l v . b - D e c J u l y 1 t o D e c 3 1 ________ 3 ,2 6 5 3 1 ,2 0 6 3 ,0 2 6 2 5 ,8 5 0 387 1 2 ,4 4 5 469 9 ,4 1 7 1 ,1 0 7 ,5 1 7 * 2 7 5 ,3 6 8 6 ,6 3 6 ,3 1 7 s 2 ,0 8 8 ,6 7 9 s3 7 1 8 9 9 s 2 ,5 3 2 .8 3 7 C h ica g o & A l t o n . a _____ D e c J u l y 1 t o D e c 3 1 ________ 0 7 3 ,0 0 2 6 ,5 7 1 ,7 0 1 C u m b e rt’d T e l & T e l C o .J a n 5 1 0 ,7 3 1 4 8 6 ,7 1 7 1 0 4 ,7 7 5 1 4 2 ,7 7 3 E d E l 111 C o ( B r o c k t o n ) a D e c J a n 1 t o D e c 3 1 ________ 2 1 ,4 0 4 1 9 7 ,0 6 7 1 0 ,8 0 1 1 6 6 ,7 0 9 0 ,0 5 8 8 3 ,8 0 1 9 ,1 1 3 5 5 ,3 ,8 9 F a ll R iv e r G a s W o r k s .a .D e c J a n 1 t o D e c . 3 1 ________ 3 8 ,1 1 7 3 9 6 ,6 3 4 3 7 ,4 4 4 3 6 3 ,0 2 1 1 3 ,4 9 2 1 4 0 ,1 1 6 16 0 41 1 4 7 ,2 0 2 H o u g h to n C o E lL t C o .a .D e c J a n 1 t o D e c 3 1 ________ 2 6 ,5 8 9 2 4 0 ,0 6 6 2 7 ,5 1 2 2 3 6 ,1 0 8 1 4 ,2 7 2 1 1 0 ,0 1 5 16 600 l l o ’, 7 2 1 L o w e ll E le c L t C o r p .a - - D e c J a n 1 t o D e c 3 1 ________ 3 0 ,0 4 6 3 1 5 ,3 4 4 2 8 ,6 5 1 2 7 7 ,0 1 4 1 1 ,0 8 4 1 1 0 ,0 7 4 13 5 3 5 1 0 5 ,4 2 4 M a n l s t l q u e . b ---------------------D e c J a n 1 t o D e c 3 1 ------------- 4 ,8 0 4 6 4 ,0 2 7 4 ,4 4 8 0 6 ,4 3 8 d e f8 ,4 2 3 d c fl9 ,0 2 6 d e f3 ,7 0 7 1 8 ,6 3 1 3 1 . ............ 1 ^ ,1 4 0 ,3 1 7 5 0 8 ,1 4 7 3 8 9 ,1 3 4 4 5 ,0 3 7 M ln n e a p G e n E le c C o . a . D e c J a n 1 t o D e c 3 1 ------------- 9 1 ,5 2 9 0 2 0 ,5 0 6 8 7 ,0 0 1 8 0 5 ,6 3 2 4 7 ,0 5 4 4 3 0 ,0 8 7 37 472 3 6 3 i6 2 9 2 ,3 1 9 ,0 1 4 1 3 ,3 3 6 ,5 0 7 5 4 1 ,1 0 8 4 ,7 4 6 ,0 5 2 9 4 4 ,5 8 9 5 ,4 7 7 ,2 0 4 1 7 ,5 8 6 1 5 3 ,4 0 1 7 ,4 2 8 1 0 6 ,0 7 5 7 215 0 4 ,2 4 2 a b o v e 2 ,8 1 2 3 3 ,7 5 0 B a n g or & A r o o s t o o k .b -D e c 2 0 2 ,0 4 0 J u l y 1 t o D e c 3 1 ________ 1 ,4 0 6 ,2 5 5 2 4 ,7 7 8 1 9 3 ,2 6 8 s u r p lu s 3 ,1 8 5 3 4 ,7 8 4 40 656 1 8 5 ,7 8 7 N e v a d a - C a l - O r e g o n . b ___ D e c J u l y 1 t o D e c 3 1 ............... th e H o u g h t o n C o E l e c 111 C o . D e c J a f i 1 t o D e c 3 1 ------------- 5 6 ,4 5 4 2 2 2 ,6 4 4 M o K a n s a s & T e x a s . b - - D e c 1 ,0 2 0 ,3 7 7 J u l y 1 t o D e c 3 1 -------------- 1 3 . 3 0 1 , 4 6 1 w ith 2 8 8 ,7 0 8 1 ,4 3 8 ,3 8 3 .................. 1 , 1 4 9 , 5 8 5 1 3 0 ,1 2 1 6 3 0 ,2 0 6 M id la n d V a lle y — J an 1 to D ec & c ., 8 ,4 0 5 4 6 ,8 0 5 1 6 2 ,6 6 3 8 2 7 ,6 0 0 B e lle fo n te in te r e s t, ch a rg e s. 1 3 ,2 9 1 1 3 7 ,0 4 2 --------- G r o s s E a r n i n g s ---------- ----------N e t E a r n i n g s ---------C urren t P r e v io u s C urren t P r e v io u s Y ear. Y ea r. Y ea r. Y ear. R oads. $ $ $ s A b ln g t o n & R o c k la n d E le c L i g h t & P o w e r C o -------- D e c 6 ,1 3 0 5 ,8 5 3 3 ,2 4 3 3 206 J a n 1 t o D e c 3 1 ________ 5 3 ,2 0 1 __________ 1 0 ,6 0 6 __________ A t la n t a B lrm & A t l . a . - N o v J u l y 1 t o N o v 3 0 ________ fo r th ese in 9 ,2 7 0 7 4 ,5 0 4 o b t a i n e d , is g i v e n J a n . ch a rg es b e lo w ro a d s , th e fo r e g o in g , 246 6 ,7 7 4 o f S T E A M b e fo llo w in g 708 8 ,5 8 4 sta te m e n t, is s u e o f th e S u r p lu s .— T h e 201 2 ,1 7 4 D ecrea se. D a t e s .— n e t e a r n in g s co lu m n s , in o n a n d 688 9 ,2 0 7 7 .4 5 % . L a te s t fu ll d e ta ile d m o n th ly th ese a re p o rt d e fic it C h a rg es t o th e ir g r o s s a n d n e t e a r n in g s g iv e n in E d i s o n E l 111 C o ( B r o c k ’ n ) D e c J a n 1 t o D e c 3 1 ________ $ 1 S $ G r o s s e a r n i n g s ( 5 3 r o a d s ) ............... 4 6 , 3 6 0 , 2 6 3 5 0 , 1 0 0 , 8 2 4 3 , 7 3 1 , 5 6 1 It 7 0 ,7 9 3 4 9 1 ,1 3 9 2 ,1 8 2 ,0 5 3 3 ,3 2 7 ,1 5 0 1 5 ,6 5 2 ,2 7 2 1 8 ,8 6 7 ,0 6 7 F a ll R iv e r G a s W o r k s . . .D e c J a n 1 t o D e c 3 1 ------------- a s fo llo w s : M o n th o f J a n u a ry. 1 ,5 0 2 ,1 0 2 8 ,3 5 1 ,0 2 1 4 2 ,8 0 2 3 0 5 ,5 5 0 1 0 3 ,9 8 7 6 3 5 ,8 1 2 1 2 0 ,2 1 7 7 5 6 ,0 3 0 B e lle fo n t e 2 ,4 5 5 1 1 ,5 5 2 5 ,9 6 6 1 1 ,6 0 1 1 ,6 5 2 5 ,5 9 5 T o t a l ( 4 7 r o a d s ) ----------------------------- 1 2 , 2 9 2 , 3 3 1 1 3 . 4 4 1 , 0 1 6 N e t d e c r e a s e ( 8 . 5 5 % ) --------------------- 0 1 4 ,3 7 5 6 ,8 0 5 ,6 4 8 2 0 0 ,6 9 2 1 ,2 1 4 ,1 1 4 o v e r $ $ 1 1 ,5 3 4 ,0 3 3 1 2 ,5 9 0 .4 1 2 1 3 5 ,3 6 4 1 0 4 ,0 8 2 9 5 ,3 9 0 5 4 ,1 1 3 5 2 ,5 2 0 1 ,8 3 7 2 0 1 ,4 6 2 3 0 ,6 2 7 6 6 ,5 9 9 6 1 ,1 9 4 5 1 ,3 4 2 1 2 ,0 1 4 2 6 ,2 1 8 1 ,2 2 4 ,7 8 6 1 ,7 4 5 ,2 5 5 ® 8 ,4 5 1 , 0 6 4 1 0 , 0 2 4 , 9 0 7 T o le d o P e o r ia & W e s t .b - D e c J u l y 1 t o D e c 3 1 ________ J a n u a r y -------------------------------------J u l y 1 t o J a n 3 1 ___________ o r P r e v io u s ly r e p o r t e d (3 5 r o a d s ) . A l a b a m a G r e a t S o u t h e r n ------------A la b a m a N ew O rl & T e x a s P a c N e w O rle a n s & N o r t h E a s t-1 A l a b a m a & V i c k s b u r g ------------- ) V ic k s b u r g S h r e v e & P a c ific , j C h a t t a n o o g a S o u t h e r n -----------------C in c in n a ti N e w O rl & T e x a s P a c D e t r o i t & M a c k i n a c -------------------------D u lu th S o u t h S h o r e & A t l a n t l c . G e o r g l a . S o u t h e r n & F l o r i d a -------G u l f & S h i p I s l a n d ---------------------------R i o G r a n d e S o u t h e r n --------------------T e x a s C e n t r a l -------------------------------------- 1 6 5 ,3 4 1 1 ,2 2 5 ,7 3 6 T o t a l o f a l l l i n e s , a ------------- D e c 8 , 8 3 2 , 6 6 5 0 , 6 9 9 , 6 6 3 J u ly t o D e c 3 -------------- 5 0 , 6 8 7 , 8 4 4 5 5 ,3 4 7 ,0 3 6 410 3 2 ,9 2 0 1007. 3 ,8 9 5 ,7 5 0 5 ,0 5 0 ,3 0 0 i 9 ,1 0 0 ,3 4 3 1 0 ,4 2 2 ,3 5 6 1 6 ,4 2 0 ,8 4 1 1 7 ,2 4 3 ,7 0 7 5 9 3 ,2 0 9 3 ,6 3 6 ,7 7 5 In te re st 1008. & H a r t fo r d , b— 3 1 -------------------1 4 , 1 3 0 , 6 1 4 1 4 , 0 2 7 , 3 0 0 3 1 -------------------2 9 , 5 1 1 , 1 1 1 2 8 , 3 2 6 , 0 2 8 3 1 ------------------ 5 6 , 7 8 6 , 1 1 8 5 3 , 9 1 5 , 6 6 5 1 7 ,7 5 4 7 2 ,0 3 5 3 0 ,3 1 0 5 9 0 ,8 7 4 4 ,2 0 2 ,4 4 7 y e a r. F o u rth w eek o f J a n u a r y . H av D ec D ec D ec 5 622 2 3 ,’ 3 1 5 d e fl,9 8 5 5 9 5 ,8 6 0 4 ,2 0 5 ,5 7 4 a d d it io n F o r ew to to to 2 8 1 ,5 5 7 5 6 7 ,8 6 8 1 ,1 0 0 ,8 8 4 P a c i f i c C o a s t ________________ D e c J u l y 1 t o D e c 3 1 ----------------- 1 0 ,5 5 5 th e N 1 1 1 2 5 8 ,5 5 4 5 5 1 ,5 3 3 1 ,0 3 2 ,7 9 5 N Y O n ta r lo & W e s te r n a D ec 5 5 3 ,4 2 8 J u l y 1 t o D e c 3 1 ------------------ 4 , 3 0 6 , 2 2 5 0 ,7 4 5 ............... R oa ds. N e w L o n d o n N o r th e r n , b— O ct 1 t o D e c 3 1 ------------J u l y 1 t o D e c 3 1 -----------Jan 1 t o D e c 3 1 ------------ 2 0 ,8 6 9 2 ,0 0 5 fin a l s t a t e m e n t d ecrea se w e e k y e a r. In crea se. ----------G r o s s E a r n i n g s --------- ----------N e t E a r n i n g s ---------C urren t P r e v io u s C urren t P r e v io u s Y ea r. Year. Y ea r. Y ear. $ $ $ $ w h ic h fir s t sh o w s w eek 1908. 8 .5 5 % la s t th e co v e rs a g g reg a te B u ffa lo R o c h e s t e r & P it t s b u r g h C a n a d i a n N o r t h e r n -------------------------C a n a d i a n P a c i f i c -----------------------------C e n t r a l o f G e o r g i a ---------------------------C h i c a g o G r e a t W e s t e r n -----------------C h ic a g o I n d ia n a p o lis & L o u ls v . C o l o r a d o & S o u t h e r n ----------------------D e n v e r & R i o G r a n d e -------------------D e t r o i t & M a c k i n a c — .................. .. D e t r o i t T o l e d o & I r o n t o n ------------D u lu t h S o u t h S h o r e & A t l a n t i c . G r a n d T r u n k o f C a n a d a ________ ) G r a n d T r u n k W e s t e r n ________ !■ D e t r o it G r a n d H a v e n & M il. | C a n a d a A t l a n t i c -------------------------- j I n t e r n a t io n a l & G re a t N o r th e rn I n t e r o c e a n l c o f M e x i c o ___________ I o w a C e n t r a l ----------------------- --------L o u i s v i l l e & N a s h v i l l e _____________ M e x i c a n I n t e r n a t i o n a l ___________ M i n e r a l R a n g e ______________ _______ M i n n e a p o l i s & S t L o u i s _______ M in n e a p o lis S t P a u l & S S M . . M i s s o u r i P a c l f l " & I r o n M t n _____ C e n t r a l B r a n c h __________________ M o b i l e & O h i o ............ ............................ N a t i o n a l R a i l r o a d o f M e x i c o ____ H i d a l g o & N o r t h e a s t e r n _______ R i o G r a n d e S o u t h e r n ......... .............. S t L o u i s S o u t h w e s t e r n ____________ S o u t h e r n R a i l w a y __________________ T e x a s & P a c i f i c -----------1 ____________ T o l e d o P e o r i a & W e s t e r n ________ W a b a s h ________________________________ W e s t e r n M a r y l a n d - ........................ ... W h e e l i n g & L a k e E r i e _____________ F o r W e e k s .— s e p a r a te ly F ir st w eek o f F eb ru a ry. 47 lYoi.. ixxxvi THE CHRONICLE, 2 4 ,7 3 2 2 4 4 ,6 2 0 8 ,0 0 8 1 0 7 ,1 8 3 2 2 ,3 2 2 1 0 4 ,4 6 7 2 8 ,5 6 4 2 5 6 ,4 4 6 M o K a n s a s & T e x a s _____ D e c J u l y 1 t o D e c 3 1 ________ 5 2 0 ,0 1 1 3 ,2 6 8 ,4 4 3 4 8 2 ,5 3 1 2 ,8 8 4 ,0 1 7 1 2 ,1 8 7 1 ,4 7 7 ,6 0 9 4 6 2 ,0 5 8 2 ,5 9 3 ,1 8 7 N e v a d a - C a l - O r e g o n _____ D e c J u l y 1 t o D e c 3 1 ________ 3 ,9 0 1 2 3 ,3 0 9 3 ,3 0 2 1 0 ,2 6 9 6 ,8 9 0 0 4 ,0 0 1 6 ,2 3 7 8 3 ,7 1 0 N ew L ondon N O ct 1 to J u ly 1 to Jan 1 to orth ern — D e c 3 1 . ............. D e c 3 1 ________ D e c 3 1 ________ N Y N ew H a ven O ct 1 to D J u ly 1 t o D Jan 1 to D & ec ec ec 6 3 ,2 3 0 1 2 6 ,6 3 3 2 5 3 ,4 7 6 H a rtfo rd — 3 1 ________ 4 , 6 2 8 , 5 6 0 3 1 ________ 0 , 3 4 6 , 7 0 5 3 1 _________ 1 6 , 5 1 5 , 3 4 6 6 2 ,1 4 4 x d e f4 0 ,7 3 2 * d e f 3 8 ,5 31 1 2 5 ,6 5 6 x d e f 8 8 ,4 0 6 x d c f 4 2 , 1 4 9 2 5 3 ,6 2 2 x d e f 2 1 4 ,2 7 5 x d e f l 0 1 ,2 8 0 3 ,7 4 5 ,9 3 0 6 ,9 8 3 ,6 1 6 1 4 ,0 3 0 ,1 8 2 * 6 5 0 ,3 2 3 x\ ,8 4 4 ,6 6 8 * 4 ,2 2 6 ,0 2 4 x 4 ,5 5 1 ,0 0 8 * 6 ,0 2 4 ,7 2 3 * 5 ,0 4 7 ,6 2 2 N Y O n ta r io & W e s t e r n .D e c J u l y 1 t o D e c 3 1 ............... 8 5 ,0 0 7 4 8 8 ,2 0 3 7 5 ,9 3 7 4 4 6 ,4 4 5 3 2 ,1 8 3 0 4 0 ,8 4 2 1 0 2 ,5 6 0 1 ,0 3 8 ,6 0 2 R io G ra n d e S o u t h e r n ..-D e c J u l y 1 t o D e c 3 1 ________ 1 8 ,7 0 3 1 1 2 ,4 1 1 1 8 ,2 4 8 1 1 0 ,1 2 0 * 1 ,4 8 1 * 2 9 ,6 5 5 * 6 ,3 5 2 * 3 4 ,5 0 5 3 0 ,5 8 3 1 7 6 ,2 2 9 2 3 ,6 3 4 1 6 6 ,8 0 5 2 4 ,2 1 8 1 4 4 ,0 8 3 2 3 ,7 0 3 1 6 8 ,6 8 8 x d e f8 ,6 1 4 x d e f2 3 ,2 0 0 7 ,6 3 5 1 7 ,4 8 5 2 ,6 5 3 5 ,7 1 8 5 ,1 7 1 1 0 ,8 8 9 T o le d o P e o r ia J u ly 1 t o J an u a ry J u ly 1 t o & W e s t ..-D e c D e c 3 1 ________ ___________________ J a n 3 1 ________ * A ft e r a llo w in g fo r o t h e r I n c o m e r e c e iv e d S T R E E T R A IL W A Y S A N D T R A C T IO N L a test G ro ss E a r n in g s . N a m e of R oad. a A m e r l c a n R y s C o ___ c A u r E lg in & C h ic R y B i n g h a m t o n R y _______ B lrm R y L t & P o w e r B r o c k to n & P ly S t R y C a p e B r e to n E le c C o . C en tra l P e n n T r a c . . . C h a ri C on R y G as & El C h i c a g o & M llw F l e c . d C h lc a g o & O a k P a r k C le v e P a ln e s v & E a st C le v e S o u th w & C o l . . C o lu m b u s E le c tr ic C o D a l l a s E l e c t r i c C o ____ f D e t r o it U n ite d R y . D u l u t h S t r e e t ' R y ____ E a s t S t L o u is & S u b . E l P a s o E l e c t r i c _______ F t W a y n e & W abash V a l l e y T r a c t i o n ____ G a lv -H o u s E le c C o . . H a v a n a E le c tr ic R y . H o n o lu lu R a p id T ra n & L a n d C o .................. H ou g h ton C o St R y . . Illin o is T r a c t io n C o . . J a ck son C onsol T ra c. J a c k s o n v ille E le c C o . C urren t Y ea r. P r e v io u s Y ear. ~ $ 2 0 0 ,2 8 7 1 0 9 ,5 9 6 2 3 ,4 5 2 2 0 0 ,5 6 8 7 ,3 6 8 2 4 ,8 0 4 5 9 ,5 2 8 6 2 ,5 5 0 8 7 ,9 8 2 6 8 ,2 7 0 2 d ,0 0 4 6 5 ,7 0 2 3 2 ,2 5 6 0 6 ,6 3 0 1 5 0 ,6 4 1 1 6 ,6 5 7 1 8 0 ,5 7 5 5 0 ,7 9 1 $ 2 1 0 ,7 1 1 1 0 0 ,5 4 ' 2 1 ,6 3 1 8 0 ,2 2 1 6 ,9 4 2 3 ,6 9 i 5 8 ,4 5 1 5 6 ,7 7 8 1 ,1 4 ! 7 2 ,7 7 1 2 0 ,1 5 f 5 6 ,4 9 1 2 7 ,6 1 ! 8 0 ,4 3 1 1 46 .66 -1 1 2 ,8 3 1 1 7 8 .4 4 1 4 1 ,5 7 1 D ecem b er D ecem b er W k F eb 0 1 1 6 ,1 8 6 8 7 ,6 6 0 3 6 ,2 9 7 1 0 1 ,3 7 1 8 1 ,3 7 ! 3 4 ,4 0 1 D ecem b er D ecem ber N ovem ber. O ctob er . . D ecem b er 3 2 ,7 5 5 1 0 ,7 4 0 3 3 5 ,8 8 9 1 1 ,6 0 8 3 3 ,2 4 3 3 1 ,5 9 ; 1 0 ,0 7 ; 2 6 7 ,2 0 1 1 1 ,0 2 1 3 1 ,8 8 ; W eek or M o n th . C O M P A N IE S . J a n . 1 to la te st d a te. C urren t Y ear. P r e v io u s Y ear. $ 2 1 0 ,7 1 6 1 ,2 4 3 .7 1 7 2 7 5 ,3 7 2 1 ,0 2 9 ,1 5 0 1 1 1 ,7 7 5 2 5 8 ,4 1 7 6 8 0 ,2 8 6 5 0 3 ,2 4 0 8 0 3 ,5 0 1 7 2 ,7 7 1 2 7 1 ,1 0 0 5 3 0 ,1 3 3 1 ,0 2 3 * 1 3 6 4 5 6 ,5 5 3 7 1 ,7 1 1 1 ,9 5 2 ,1 8 7 3 9 1 ,6 5 6 1 ,2 8 3 , 7 2 2 1 ,0 5 0 ,8 0 2 1 5 4 ,8 2 9 1 ,0 9 2 ,6 4 6 9 0 6 ,4 8 7 1 4 7 ,0 0 0 3 4 9 ,0 1 6 2 2 0 ,2 4 4 2 ,7 1 0 ,0 4 3 1 2 4 ,0 2 5 3 2 6 ,4 6 8 J a n . 1 to la test d a te . L a test G r o ss E a r n in g s . N a m e of R oad. C u rren t Year. W eek or M o n th . K a n s C i t y R y & L 'g h t L a k e S h ore E le c t r ic -L e x & In te r R y s C o .. M e t W e s t S id e E le v _ M llw E le c R y & L t C o M llw L t H t & T r a c C o M on trea l S tre e t R y - N a s h v lllc R y & L ig h t N J 4 H R R y& FyC o N o r t h O h io T r a c & L t N orth T ex a s T ra c C o . N o rf & P ortsm T r Co N o W estch ester L t C o N o rth w e ste rn E le v .. O k la h o m a C ity R y - P e e k s k lll L ig h t & R R P e n s a c o la E le c t r ic C o P o r t la n d R y L t & P C o P u g e t S o u n d E le c R y R io d e J a n e ir o T r a m L i g h t & P o w e r -------R o c k fo r d & In te ru rb S t J o s e p h (M o ) R y L t 1 H eat & P ow er C o .. S a o P a u lo T r L t & P . S a v a n n a h E le c tr ic C o S c h u y l k i l l R y C o -------S e a ttle E le c tr ic C o . - S o u t h S id e E le v a t e d . S o u W is c o n s in R y C o S yra cu se R a p T r R y . T a m p a E le ctric C o - T o r o n t o R a i l w a y -------T w in C ity R a p id T ra n U n ite d R R o f S a n F r U n lte d R y s o f S t L - W e s t C h e s te r (P a ) R y W h a tcom C o R y & L t P r e v io u s Y ear. D ecem b er D ecem b er N ovem b cr. J an u a ry . . D ecem b er D ecem b er W k F eb 8 D ecem b er D ecem b er. D ecem b er D ecem b er N ovem b er. D ecem b er Jan u ary D ecem b er D ecem b er D ecem b er N ovem ber. D ecem b er $ 5 1 2 ,6 8 6 6 8 ,4 7 6 4 3 ,0 3 4 2 1 9 ,4 2 4 3 3 4 ,3 9 2 5 9 ,4 9 8 6 1 ,0 7 2 1 3 9 .6 0 6 3 3 ,2 3 6 1 4 7 ,8 6 2 8 4 ,3 4 0 2 0 2 ,0 0 6 1 1 ,4 7 0 1 5 5 .6 0 7 1 8 ,1 9 0 1 4 ,7 1 1 1 9 ,5 8 5 3 4 7 ,5 9 8 1 3 0 ,5 7 6 D ecem b er D ecem b er 5 6 3 ,1 0 1 4 2 ,2 6 4 $ 4 9 0 ,6 3 2 6 6 .6 7 3 4 0 ,1 4 8 2 3 2 ,7 5 5 3 2 6 ,0 0 3 5 6 ,3 7 9 6 0 ,0 0 3 1 3 2 ,5 4 9 2 9 ,3 2 8 1 4 1 ,7 0 9 7 8 ,7 5 0 1 4 5 ,9 5 0 Jan u ary _ _ 7 0 ,1 5 9 D ecem b er 1 9 3 ,8 3 5 D ecem b er 5 3 ,5 6 6 D ecem b er . 1 7 ,0 9 3 D ecem b er 3 6 1 ,3 7 0 J an u a ry . . 1 7 4 ,6 9 5 D ecem b er . 1 2 ,5 7 4 D ecem b er 1 1 0 ,6 6 6 D ecem b er 4 5 .8 9 5 W eek F eb 1 5 9 ,3 3 9 4 th w k Jan 1 4 9 ,7 6 3 N o v e m b e r . 1 ) 4 4 9 ,7 3 2 D ecem ber 8 7 0 ,0 0 2 O ctob er . . 1 0 .8 9 6 D ecem b er 3 3 ,1 9 5 C urren t Y ear. 1 3 7 ,3 7 9 1 6 ,1 0 1 1 3 ,2 9 0 1 6 ,1 2 9 3 0 4 ,8 7 8 1 1 3 ,4 6 7 6 ,0 3 0 ,8 9 4 9 3 8 ,1 6 1 5 1 6 ,3 5 5 2 1 9 ,4 2 4 3 ,8 2 3 ,3 8 2 8 2 6 ,1 3 0 3 4 8 ,6 1 7 1 ,5 6 8 , 4 1 1 4 8 2 ,0 5 7 1 .9 0 9 ,0 0 0 1 ,0 6 0 ,9 5 3 2 ,4 3 7 ,8 1 9 1 1 2 ,9 5 6 1 5 5 ,6 0 7 2 5 6 ,0 6 0 1 6 9 ,6 5 8 2 2 8 ,1 5 0 3 .7 0 7 ,2 9 4 1 ,6 6 4 , 2 8 1 4 1 ,3 8 9 6 ,2 5 9 ,5 3 5 5 9 1 ,3 9 5 6 8 ,6 9 9 4 8 ,6 5 5 P r e v io u s Y ea r. $ 5 ,4 9 1 ,4 2 0 8 6 6 ,9 7 0 4 8 1 ,5 7 9 2 3 2 ,7 5 5 3 ,5 2 3 ,4 3 8 7 0 2 ,2 2 2 3 3 3 ,6 3 1 1 ,3 7 9 .2 4 6 4 2 9 ,7 2 1 1 ,7 0 3 ,3 4 0 8 5 4 ,1 3 5 1 ,5 6 3 ,8 5 5 1 3 7 ,3 7 9 1 7 0 .9 0 5 1 4 6 ,4 9 8 3 ,1 8 4 ,8 5 2 1 ,3 6 4 , 5 7 4 5 1 0 ,0 3 2 6 8 ,6 9 9 7 0 ,1 5 9 2 ,0 9 1 ,1 7 3 6 0 2 ,4 0 0 2 0 7 ,0 3 5 3 ,9 4 0 ,4 3 4 1 7 4 ,6 9 5 1 5 3 ,8 4 8 1 ,2 5 9 ,6 0 1 5 2 1 ,1 8 1 2 7 9 ,6 7 7 4 6 5 ,3 4 1 6 1 1 ,2 1 5 3,Y oT ,3 8 6 3 0 9 ,4 7 6 1 4 3 ,2 3 7 1 4 3 ,2 3 7 1 3 0 ,2 4 1 1 2 ,1 3 3 1 ,0 9 6 .4 6 5 1 0 4 ,7 6 2 4 6 9 ,2 2 2 4 1 ,1 6 1 2 0 5 ,2 3 9 5 7 ,3 4 2 4 5 1 .7 1 0 1 4 6 ,8 2 6 5 4 6 ,1 6 (1 8 7 5 , 1 2 6 1 0 , 8 2 8 ', 7 3 7 1 0 ,2 8 7 " ,8 8 9 7 3 ,8 0 2 1 3 3 ,5 7 1 7 ,1 2 4 2 7 9 ,4 6 9 3 5 4 ,4 6 9 2 8 ,9 0 3 a F ig u r e s f o r t h e m o n t h In b o t h y e a r s I n c l u d e o p e r a t i o n s o f t h e S c r a n t o n R y . , a c q u ir e d J a n . 1 1 9 0 6 . c T h e s e fig u r e s a r c f o r c o n s o lid a t e d com p a n y. d T h e s e a r e r e s u lt s f o r m a in lin e , f N o e a rn in g s f o r D e t r o it Jackson & C h ic a g o R y . f o r J a n . 1 9 0 7 I n c lu d e d In t h e s e fig u r e s , h D ecrease d u e to s tr ik e a n d b o y c o t t . S treet th e R a ilw a y retu rn s re p o rte d roa d s o n ce th is t h is fr o m a N e t w e e k . w ill E a r n in g s .— T h e S T R E E T w h ic h m o n th k in d n e x t o f in A b e retu rn s co lu m n s , fo u n d in r a ilw a y th e in th e is s u e a n d b e th e o f M ch . 7 ta b le n e t sta te m e n t, ca n a n d is s u e o f fo llo w in g g ross fu ll d e t a ile d m o n th ly th e se w ill a p p e a r in c lu d in g o b ta in e d , la te s t F e b . g iv e s e a rn in g s is a ll 1 1 9 0 7 . R R C o (R R D ep t o n ly ). b— 3 1 ................ 5 2 ,2 2 9 4 8 ,8 9 7 1 2 6 ,9 0 7 1 1 6 ,1 8 0 3 1 ................ 2 3 0 ,2 3 2 2 1 2 ,1 4 8 3 1 ________ 1 1 ,2 2 9 3 2 ,6 9 4 5 5 ,4 6 9 1 0 ,8 5 1 3 3 ,7 8 2 5 8 ,4 2 2 ...D e c 1 t o D fe c 3 1 ________ 5 0 ,7 9 1 5 0 6 ,6 9 3 4 1 ,5 7 5 3 9 1 ,6 5 6 1 5 ,4 8 9 1 2 8 ,0 7 8 1 0 ,5 7 2 1 1 5 ,2 5 3 ...D e c ________ 8 7 ,6 6 9 1 ,0 5 0 ,8 9 2 8 1 ,3 7 5 9 0 6 ,4 8 7 3 3 ,2 3 8 3 9 4 ,6 9 7 3 0 ,9 3 1 3 3 5 ,2 6 1 Jan ...D e c D e c 3 1 ________ 1 9 ,7 4 0 2 4 9 ,9 1 9 1 9 ,9 7 3 2 2 9 ,2 4 4 7 ,5 3 6 9 4 ,0 0 1 7 ,6 4 7 8 2 ,9 8 9 a y C o (1 3t u ff a lo )_ b — D e c 3 1 ............... 1 , 1 1 8 , 5 2 6 D e c 3 1 ________ 2 , 5 7 9 , 4 0 5 D e c 3 1 ................ 4 , 6 9 1 , 4 0 8 1 ,0 6 8 ,6 6 0 2 ,4 1 0 ,9 2 0 4 ,3 2 8 ,0 6 3 3 8 4 ,2 1 4 1 ,0 4 3 ,4 8 0 1 ,7 4 6 ,8 8 8 4 3 6 ,2 2 7 1 ,1 2 0 ,7 3 5 •1 , 8 0 6 , 7 6 2 R j T---3 1 ________ 3 1 _________ 3 1 ................ 1 6 8 ,7 1 2 3 5 4 ,9 2 3 6 8 1 ,2 9 0 1 6 6 ,0 7 5 3 3 6 ,7 2 8 6 3 8 ,9 9 2 6 0 ,6 8 3 1 4 7 ,7 6 2 2 6 7 ,1 4 7 7 4 3 ,9 4 4 1 6 2 ,6 5 2 2 7 8 ,2 0 0 a --D e c ............... 3 3 ,2 4 3 3 9 2 ,3 9 3 3 1 ,8 8 2 3 2 6 ,4 6 8 1 2 ,0 9 4 1 3 6 ,0 5 2 1 3 ,5 7 3 1 2 4 ,6 3 0 ...D e c ................ 8 4 ,3 4 6 1 ,0 6 0 ,9 5 3 7 8 ,7 5 0 8 5 4 ,1 3 5 3 5 ,2 1 5 4 3 7 ,3 8 1 3 1 ,5 4 8 3 0 6 ,9 8 4 N orW e stch e stcr L t C o .a D ec Jan 1 t o D e c 3 1 ------------- 1 1 ,4 7 0 1 1 2 ,9 5 6 O s w e g o T r a c t io n C o . b — O ct 1 t o D e c 3 1 ------------J u l y 1 t o D e c 3 1 ............ - 1 1 ,9 3 3 3 2 ,0 2 2 1 1 ,7 7 3 3 4 ,3 4 3 306 7 ,7 6 3 3 ,2 3 5 1 2 ,6 8 4 P c e k s k lll L t & R R C o . a .D e c Jan 1 t o D e c 3 1 ................ 1 4 ,7 1 1 1 6 9 ,6 5 8 1 3 ,2 9 9 1 4 6 ,4 9 8 6 ,4 9 5 7 6 ,9 4 9 5 ,5 7 0 6 8 ,5 4 3 P e n s a c o l a E l e c C o - a -------- D e c Jan 1 t o D e c 3 1 ------------- 1 9 ,5 8 5 2 2 8 ,1 5 0 1 6 ,1 2 0 5 ,9 0 5 7 6 ,2 6 0 4 ,7 6 1 P u g e t S o u n d E le c R y . a . D e c Jan 1 t o D e c 3 1 ________ 1 3 0 ,5 7 6 1 ,6 6 4 ,2 8 1 1 1 3 ,4 6 7 1 ,3 6 4 ,5 7 4 3 7 ,2 4 8 5 7 3 ,0 4 7 2 9 ,7 0 0 4 5 3 ,0 1 1 St Jos R y L t lit & P o w --Jan 7 0 ,1 5 9 6 8 ,6 9 9 3 2 ,2 4 3 3 0 ,9 9 7 ro ssto w n S treet O ct 1 to D e c J u ly 1 t o D e c Jan 1 to D e c Jan S a o P a u lo T r a m L t & P o . D e c 1 9 3 ,8 3 5 J a n 1 t o D e e 3 1 -----------------2 , 0 9 1 , 1 7 3 5 ,3 7 0 4 9 ,6 4 6 — 1 2 4 ,5 2 0 1 ,3 5 2 ,3 9 6 ..................... S a v a n n a h E e c t r lc C i - a - D e c Jan 1 t o D e c 3 1 ------------- 5 3 ,5 6 6 6 0 2 ,4 0 0 4 8 ,6 5 5 6 1 1 ,2 1 5 1 4 ,3 0 8 1 8 8 ,0 9 1 1 5 ,8 2 0 2 3 2 ,1 6 9 S e a t t l e E l e c C o . a ------------- D e c J a n 1 t o D e c 3 1 ________ 3 6 1 ,3 7 0 3 ,9 4 9 ,4 3 4 3 0 9 ,4 7 6 3 ,1 0 1 ,3 8 6 1 0 8 ,4 8 6 1 ,2 6 4 ,4 9 3 1 1 2 ,5 1 2 1 ,1 3 8 ,3 0 0 T a m p a E l e c C o . a -------------D e c J a n 1 t o D e c 3 1 - ............ 4 5 ,8 9 5 5 2 1 ,1 8 1 4 1 ,1 6 1 4 6 9 ,2 2 2 1 6 ,3 8 5 1 3 3 ,0 5 1 1 2 ,1 0 4 1 8 9 ,2 6 4 4 7 2 ,9 7 4 1 ,0 0 0 ,1 3 7 1 ,8 7 9 ,0 3 5 1 4 4 ,4 8 8 3 6 9 ,5 9 4 7 5 1 ,7 4 5 1 7 0 ,3 3 3 ■ 3 9 9 ,4 0 5 7 6 0 ,6 0 4 2 8 ,9 0 3 2 7 9 ,4 6 9 1 3 ,6 9 4 1 4 4 ,0 2 7 1 1 ,7 6 0 9 4 ,2 8 7 U n it e d T r a c t io n C o (A lb a n y ) b — O ct 1 to D e c 3 1 _______ 4 9 0 ,9 3 8 J u l y 1 t o D e c 3 1 ________ 1 , 0 4 0 , 2 1 4 J a n 1 to D e c 3 1 __________2 , 0 1 5 , 3 6 9 W h a tcom C o R y & L t a D ec J a n 1 to D e c 3 1 ------------ 3 3 ,1 9 5 3 5 4 ,4 6 9 a N e t e a r n in g s h e r e g iv e n a re a ft e r d e d u c t in g t a x e s , b N e t e a r n in g s h e re g iv e n a re b e fo r e d e d u c t in g ta x e s . In te re st C h a rg es a n d S u r p lu s . — I n t . , R e n t a ls , & c .— C urren t P r e v io u s Year. Y ear. R oa ds. $ $ 1 ,8 1 8 1 ,8 0 1 B r o c k & P l y m S t R y -------- D e c 2 1 ,3 7 9 Jan 1 t o D e c 3 1 ________ 2 1 ,8 5 5 — D a l. o f N e t E ’n g s .— C u rren t P r e v io u s Year. Y ear. $ S d e f .193 d e f . 1 ,8 6 7 1 9 ,0 2 6 1 0 ,2 8 1 C a p e B r e t o n E l e c C o -------- D e e Jan 1 t o D e c 3 1 ________ 4 ,3 6 0 5 1 ,5 1 2 4 ,2 5 0 5 1 .6 6 1 6 ,3 7 1 4 1 ,5 0 4 5 ,8 3 4 5 2 ,2 8 3 C o l u m b u s E l e c t r i c C o ____D e c Jan 1 t o D e c 3 1 ............... 1 1 ,9 0 4 1 3 6 .2 7 5 10 6 7 4 6 ,1 6 0 1 9 .6 0 0 4 ,5 0 4 886 4 4 ,0 3 0 | 'd e f . 2 , 1 3 4 ' 1 0 0 ,6 0 4 t & R R C o (R R D e p t, o n ly )— 1 3 ,9 5 1 D e c 3 1 ________ 1 6 ,8 0 2 2 6 ,0 6 9 D e c 3 1 ________ 3 1 ,7 4 7 5 0 ,5 8 3 D e c 3 1 ------------5 7 ,3 7 4 * d e f.2 ,2 4 6 * 7 ,7 2 8 * 8 ,8 4 9 * d e f.2 ,2 1 0 * 9 ,0 5 1 * 1 0 ,2 2 1 6 ,3 8 4 6 8 ,0 3 7 E l P a s o E l e c t r i c C o _______ D e c Jan 1t o D e c 3 1 ------------- 5 ,4 1 8 6 0 ,3 5 0 4 ,1 8 8 4 7 ,2 1 6 1 0 ,0 7 1 6 7 ,7 2 8 G a v - H o u s E l e c C o ________D e c Jan 1t o D e c 3 1 ------------- 1 6 ,3 5 8 1 8 5 ,6 8 9 1 4 ,4 9 6 1 7 2 ,6 2 3 1 6 ,8 8 0 2 0 9 ,0 0 9 H o u g h t o n C o S t R y ----------- D e c Jan 1t o D e c 3 1 ________ 3 ,9 8 1 4 7 ,4 4 9 3 ,9 5 6 4 6 ,9 7 6 3 ,5 5 5 4 6 ,5 5 2 a llw a y C o (B u ffa lo )— 3 0 1 ,3 1 3 1 t o D e c 31 5 7 2 ,1 1 1 1 t o D e c 3 1 ------------1 t o D e c 3 1 ------------- 1 , 0 7 3 , 9 0 6 2 4 7 ,0 6 3 4 9 4 ,7 7 9 9 7 4 ,8 4 9 * 9 9 ,6 1 3 * 5 1 5 ,0 0 1 * 7 4 9 ,2 4 1 * 3 1 8 ,2 6 2 * 7 7 7 ,8 6 0 * 1 ,0 1 0 ,2 2 2 - 4 8 ,4 6 4 9 6 ,7 0 5 1 9 1 ,1 2 6 * 1 2 ,4 0 7 * 5 0 ,4 9 5 * 7 6 ,2 5 1 * 2 7 ,3 2 4 * 6 8 ,5 4 9 * 7 2 ,2 7 5 ' In tern a tR O ct J u ly Jan C ro ssto w n S treet O ct 1 to D ec J u ly 1 to D e c Jan 1 to D e c 1 6 ,4 3 5 1 6 2 ,6 3 8 3 ,6 9 1 3 6 ,0 1 3 R y— 3 1 ------------3 1 ------------3 1 ------------- 4 9 ,5 7 2 9 9 ,8 3 6 1 9 6 ,0 5 4 J a c k s o n v l l e E l e c C o -------- D e c Jan 1 t o D e c 3 1 ------------- 5 ,1 4 2 5 0 ,1 6 5 3 .4 7 5 4 0 ,7 0 4 6 ,9 5 2 8 5 ,8 8 7 N o r t h T e x a s T r a c C o --------- D e c Jan 1 t o D e c 3 1 ------------- 9 ,8 1 9 1 2 8 ,5 0 3 1 0 ,2 2 3 1 1 9 ,5 8 1 2 5 ,3 9 6 3 0 8 ,8 7 8 O s w e g o T r a c t io n C o — O ct 1 t o D e c 3 1 ________ J u l y 1 t o D e c 3 1 ------------- 3 ,2 4 5 6 ,7 3 1 3 ,4 7 3 7 ,0 4 1 x d e f.2 ,8 6 4 * 1 ,2 4 7 P e n s a co la E le c tr ic C o — D e c Jan 1 t o D e c 3 1 ------------- 3 ,6 1 9 4 0 ,9 0 4 3 ,1 5 6 2 ,2 8 6 3 5 ,3 6 5 1 ,6 0 5 P u g e t S o u n d E le c R y — D e c Jan 1 t o D e c 3 1 ------------- 3 7 ,3 4 8 3 8 8 ,4 5 3 3 2 ,0 8 9 3 1 1 ,1 1 5 d e f.1 0 0 1 8 4 ,5 9 4 d e f.2 ,3 8 9 1 4 1 ,8 9 6 S a v a n n a h E le c tr ic C o — D e c Jan 1 t o D e c 3 1 ------------- 1 2 ,3 9 2 1 4 4 ,0 3 4 1 1 ,3 0 0 1 3 4 ,4 6 1 1 ,9 1 6 4 4 ,0 5 7 4 ,5 2 0 9 7 ,7 0 8 S e a t t l e E l e c C o ------------------- D e c J a n 1 t o D e c 3 1 .............. - 4 9 0 ,3 5 1 3 8 1 ,9 3 6 7 7 4 ,1 4 2 7 5 6 ,3 6 4 681 1 ,4 2 3 1 5 ,6 5 6 1 2 6 ,5 2 1 1 1 ,5 1 3 1 8 7 ,8 4 1 729' 6 ,5 3 0 T a m p a E l e c C o ------------------- D e c J a n 1 t o D e c 3 1 ------------U n it e d T O ct J u ly Jan r a c t io n C o 1 to D ec 1 to D ec 1 to D ec 1 0 ,0 9 8 8 3 ,9 2 6 2 1 ,3 2 5 1 8 7 ,4 0 3 . x d e f.1 0 3 * 5 ,8 5 3 (A lb a n y ) 3 1 ------------3 1 ------------3 1 ------------- 1 0 3 ,4 4 2 1 9 0 ,9 2 3 3 6 5 ,8 8 5 8 7 ,4 8 2 1 7 4 ,9 6 3 3 4 8 ,4 2 5 * 7 6 ,3 4 3 * 2 5 1 ,1 9 8 * 5 3 1 ,9 1 9 * 8 4 ,7 9 1 * 2 3 0 ,0 4 2 * 4 2 3 ,9 2 2 W h a tcom C o R y & L t — D ec J a n 1 t o D e c 3 1 ------------- 6 ,5 8 4 7 7 ,5 1 6 6 ,2 1 4 4 8 ,2 3 6 7 ,1 1 0 6 6 ,5 1 1 5 ,5 4 6 4 6 ,0 5 1 * A f t e r a llo w in g fo r o t h e r I n c o m e r e c e iv e d . T h e Jan 1 to E lm ir a W a t e r L O ct 1t o J u ly 1t o Jan 1t o i i 1 9 ,4 1 4 2 2 3 ,3 8 9 2 3 ,4 8 0 2 6 3 ,5 4 1 D a l l a s E l e c t r i c C o ________ D e c • Jan 1 t o D e c 3 1 ------------- A N N U A L 1 90 8. — jr n a t R a llw O ct 1 to J u ly 1 t o Jan 1 to R oads. — B a l . o f N e t E ' n g s .— C urren t P r e v io u s Y ea r. Year, o f ......... & ec ec ec — I n t . , R e n t a l s , & c .— C urren t P r e v io u s Year. Y ea r. 5 g iv e n sta te m e n t --------- G r o s s E a r n i n g s ----------------------- N e t E a r n i n g s ---------C urren t P r e v io u s C urren t P r e v io u s Y ea r. Y ear. Yea r 5 R oa ds. d e f.4 9 1 ,6 0 8 6 ,9 4 4 7 ,3 6 8 c lc & P l y m S t R y - ia - - D e c 4 0 ,8 8 1 1 1 9 ,3 6 5 1 1 1 ,7 7 5 3 1 ,6 6 0 Jan 1 t o D e c 31 1 0 ,0 8 4 1 0 ,7 3 1 2 4 ,8 0 4 2 3 ,6 9 3 a- - D ec 1 0 3 ,9 4 4 9 3 ,0 1 6 2 5 8 ,4 1 7 2 5 0 ,0 6 5 Jan 1 t o D e c 31 1 5 ,1 7 8 1 8 ,0 6 4 3 2 ,2 5 6 tm b u s E le c tr ic C o - a -D e c 2 7 ,6 1 3 1 5 5 ,8 7 5 3 4 0 ,5 7 4 Jan 1 t o D e c 31 1 7 ,2 8 0 2 4 , 3 6 6 8 9 , 4 3 9 — D ec 9 6 ,6 3 0 3 2 3 ,9 9 3 3 0 7 ,5 7 1 Jan 1 to I 1 ,1 2 5 ,6 7 3 1 ,0 2 3 ,1 3 6 E lm ir a W a t e r L t O ct 1 to D J u ly 1 t o D Jan 1 to D 417 THE CHRONICLE. Feb. 15 UM»8.] D e tr o it (R e p o r t T h e d a te o f fo r re p o rt, J a n . 2 8 , (M ic h .) F isc a l s ig n e d R EPO R T S. b y U n it e d Y ea r R a ilw a y . e n d in g P r e s id e n t J . D ec. C . 31 1 9 0 7 .) H u tc h in s , u n d e r sh ow s: P r o p e r tie s.— T h e m ile a g e w a s I n c r e a s e d d u r in g t h e y e a r a s fo l lo w s : J a n 1 A d d ed . J a n . 1 1 9 0 7 . in ’0 7 . 1908. -3 9 3 .0 5 .4 3 9 8 .4 D e t r o i t U n i t e d R y _______________________________________ R a p i d R a i l w a y S y s t e m ____________________________ 1 2 7 .5 .2 1 2 7 .7 D e t r o i t M o n r o e & T o l e d o S h o r t L i n e R y -------------------------------- 7 4 . 3 .1 7 4 .4 S a n d w i c h W i n d s o r & A m h e r s t b u r g R y ------------------ ------------- 2 5 . 3 1 0 .2 3 5 .5 D e t r o i t J a c k s o n & C h i c a g o R y ________________________________ _______ 1 0 4 .9 1 0 4 .9 T o t a l m il e s In o p e r a t i o n , I n c l u d i n g s i d e a n d y a r d t r a c k s _______ ________ 6 2 0 .1 1 2 0 .8 7 4 0 .9 T h e c o m p a n ie s ’ r o llin g s t o c k c o n s is ts o f 9 4 3 c lo s e d p a s s e n g e r c a r s , 3 2 5 o p e n p a s s e n g e r c a r s , 2 2 9 fr e ig h t a n d c o n s t r u c t io n c a r s , 16 lin e c a r s , 4 2 e x p r e s s c a r s , 6 m is c e l la n e o u s c a r s , 2 l o c o m o t i v e s , 2 ,6 3 7 m o t o r s a n d 2 ,0 1 9 tru ck s. T h e r e a r e 11 p o w e r -h o u s e s w it h a c o m b in e d c a p a c i t y o f 4 0 ,5 0 0 h o r s e - p o w e r , 2 s t o r a g e b a t t e r i e s w it h a c o m b i n e d c a p a c i t y o f 4 ,5 0 0 a m p e r e s , a n d 16 s u b -s t a t io n s w it h a c o m b in e d c a p a c i t y o f 1 0 ,5 0 0 k . w . A d d i t i o n s , & c .— T h e r e h a s b e e n c h a r g e d o u t o n o u r b a l a n c e s h e e t u n d e r th e h e a d o f " a d d it io n s a n d b e t te r m e n t s ” , $ 1 ,0 2 4 ,9 1 2 , a s fo llo w s : O r g a n i z a t i o n e x p e n d i t u r e s . ------------- ---------------------------------------------------------------$ 1 0 ,0 0 0 C o m p l e t i n g 5 .4 5 6 a d d i t io n a l m il e s o f t r a c k . S ta n d a r d iz a t io n o f tr a c k s o n W e s t F o r t , N o r th C h e n e , G r a tio t a n d B a k e r str e e ts . P e rm a n e n t fo u n d a tio n u n d e r tra ck o n W o o d w a r d . A d d itio n a l s w itc h e s , d e r a llc r s a n d I n t c r lo c k e r s ; a d d it io n a l fe e d w ir e , t r o l l e y w i r e a n d p o l e s --------------------------------- -----------------------------------------------------4 4 2 ,5 5 8 B u i l d i n g s a n d f i x t u r e s ( $ 4 5 , 0 5 3 ) , r e a l e s t a t e ( $ 1 0 , 3 3 0 ) ----------------------5 6 ,3 8 3 P o w e r -h o u s e e q u ip m e n t ($ 1 3 5 ,4 6 5 ), s h o p t o o ls a n d m a c h in e r y ( $ 1 1 , 2 4 4 ) ______________ 1 4 6 ,7 0 9 F ift y d o u b le -t r u c k c i t y c a r s , 7 ln te r u r b a n c a r s , 10 fr e ig h t t r a ile r s , c o n v e r t in g 10 o p e n c a r s . l s p r in k lin g , 1 c o n s t r u c t io n c a r , In 2 5 7 ,5 2 5 c l u d i n g t r u c k s a n d a p p u r t e n a n c e s -----------------------------------------------------------M o t o r s fo r 50 d o u b l e -t r u c k c i t y c a r s a n d 7 ln te r u r b a n c a r s , a n d a d d i t i o n a l m o t o r e q u i p m e n t f o r t h e W y a n d o t t e D i v i s i o n -------1 1 1 ,7 3 7 I n a d d it io n t o th e a b o v e th e re h a s b e e n e x p e n d e d o n th e R a p id R a ilw a y S y s t e m , S a n d w ic h W in d s o r & A m h e r s t b u r g R y . , D e t r o it M o n r o e & T o le d o S h o r t L in e R y . . a n d D e t r o it J a c k s o n & C h ic a g o R y . , a s fo llo w s : R a p i d R a il w a y S y s t e m r ig h t o f w a y ; n e w b a lla s t in g ; tr e s tle a t S t . C la ir; c o n s t r u c t io n o f 9 3 0 fe e t o f t r a c k : a d d it io n a l fe e d a n d t r o lle y w ir e ; e x t e n s io n s t o P e r t H u r o n a n d S t . C la ir s u b s t a t i o n s a n d a d d i t io n a l m a c h i n e r y In N e w B a l t i m o r e p o w e r h o u s e ----------------------------------------------------------------------------------------------------------- -----------S a n d w ic h W in d s o r & A m h e r s t b u r g R y . — C o n s t r u c t io n o f W in d s o r & T e c u m s e h e x t e n s io n ; a d d i t io n s t o p o w e r - h o u s e a n d I lg h t ln g p la n t ; 7 a d d it io n a l c a r s : c o n s t r u c tio n o f t r a c k s o n E lm S t. l o o p , I n c l u d i n g p a v i n g a n d a d d i t i o n a l f e e d w i r e --------------------------------D e t r o it M o n r o e & T o le d o S h o r t L in e R y . — R i g h t o f w a y ; n e w b a lla s t in g ; c o n s t r u c t io n o f 6 2 6 fe e t o f t r a c k ; a d d it io n a l fe e d w ir e ; c o m p le t in g t h e I n s ta lla tio n o f t u r b o -g e n e r a t o r a n d a d d i t i o n a l a i r c o m p r e s s o r s ------------------------------------------------------------------------------------D e t r o it J a c k s o n & C h ic a g o R y .— R ig h t o f w a y : c o n s t r u c tio n o f t r a c k s In A n n A r b o r a n d D e a r b o r n : a d d i t i o n a l f e e d w i r e ; e n l a r g i n g s u b - s t a t i o n s ; a d d i t i o n a l m a c h i n e r y In Y p s l l a n t l p o w e r h o u s e , c a r s a n d a i r c o m p r e s s o r s --------------------------------------------------------------I n v e s t m e n t s .— D u r in g th e y e a r th e D e t r o it J a c k s o n & C h ic a g o R y . w a s o r g a n iz e d a n d s a id c o m p a n y p u r c h a s e d a ll o f t h e p r o p e r t ie s o f th e D e t r o it Y p s lla n t l A n n A r b o r & J a c k s o n R y . , th e J a c k s o n A n n A r b o r & D e tr o it R y . a n d th e D e t r o it P ly m o u t h & N o r t h v i l l e R y . , p a y i n g t h e r e f e r ------------------------------------------T R A F F IC S T A T IS T IC S FOR CALEN D AR YEAR • $ 8 2 ,2 8 9 9 2 ,6 4 4 5 3 ,7 4 9 2 0 1 ,2 4 7 1 ,2 3 0 ,0 0 0 1907. D . J .& C . P a ssen g ers— D . U. R y. R . R . S y s . S .W .& A : D . M . & T . (1 1 m o j . R e v e n u e _______________1 1 5 , 2 5 9 , 1 7 7 5 , 0 7 2 , 7 3 3 2 , 6 0 4 , 0 5 4 1 , 5 1 0 , 0 8 9 2 , 1 5 5 , 2 9 3 3 1 8 ,3 7 3 2 8 2 ,8 7 0 21 6 ,8 1 7 T r a n s f e r _______________ 3 6 . 0 9 6 . 3 5 0 E m p l o y e e ____________ 4 ,7 8 2 ,8 8 8 3 0 8 ,7 0 0 3 2 ,1 5 3 4 2 ,8 2 7 1 0 7 ,8 2 2 T o t a l ............................ 1 5 6 , 1 3 8 , 4 1 5 5 , 6 9 9 , 8 0 6 2 , 9 1 9 , 0 7 7 1 , 5 5 3 , 5 3 7 2 , 2 6 9 , 0 3 2 R e c e ip t s — .2 1 7 2 .1 4 9 8 R ev en u e passen ger. .0 4 6 1 .1 0 6 6 .0 5 2 7 .2 1 1 2 .1 4 2 2 A l l p a s s e n g e r s ________ .0 3 4 1 .0 9 4 9 .0 4 7 0 C a r m i l e a g e ___________ 2 4 , 3 0 0 , 5 5 1 2 ,4 3 9 ,6 0 9 6 0 1 ,5 7 5 1 ,1 7 8 ,1 4 4 1 ,5 9 9 ,6 0 9 P er C ar M ile — E a r n i n g s _____________ .2 2 6 3 .2 G 3 1 .2 3 5 8 .3 2 1 5 .2 4 4 6 E x p e n s e s _______________ .1 3 9 9 .1 7 4 S .1 3 0 3 .1 9 7 1 .1 9 8 2 N e t e a r n i n g s ............ .. .0 8 6 4 .0 8 8 3 .1 0 5 5 .1 2 4 4 .0 4 418 THE CHBONICLE. C O M B IN E D R E S U L T S FO R C A L E N D A R Y E A R S . ( D e t r o i t U n i te d R y . , R a p i d R y . S y s t e m , a n d S a n d w ic h W i n d s o r & A m h e r s t b u r g R u . , D e t r o i t M o n r o e <& T o l e d o S h o r t L i n e a n d D e t r o i t J a c k s o n & C h ic a g o R y . fr o m F e b . 1 1 0 0 7 .) 1007. 1006. 1905. R e v e n u e p a s s e n g e r s , n u m b e r ..................... 1 2 6 , 6 0 1 , 9 4 6 1 1 , 4 ,0 1 1 , 3 0 9 9 9 ,1 .4 7 5 5 8 T r a n s f e r p a s s e n g e r s , n u m b e r -------------------- 3 6 , 7 0 4 , 4 3 1 3 2 ,8 4 0 ,2 5 0 2 8 ,0 2 9 ’945 E m p l o y e e p a s s e n g e r s , n u m b e r ------------5 ,2 7 4 ,3 0 0 4 ,0 3 0 ,2 2 4 4 ;4 4 8 ’ o 0 5 R e c e i p t s p e r r e v e n u e p a s s e n g e r ------------5 .2 5 c t s . 5 .0 7 c t s . 4 02 cts C a r m ile a g e - 3 0 ,2 0 9 ,4 8 8 2 5 ,0 7 3 ,5 2 6 2 0 ,6 9 7 ,0 3 5 G r o s s e a r n i n g s p e r c a r m i l e - . .................. 2 3 .4 1 c t s . 2 3 .3 4 c t s . 21 8 ’ c t s N e t e a r n i n g s p e r c a r m i l e .............................. 8 .6 3 c t s . 0 .0 2 c t s . 8 .8 7 c t s ’ G r o s s e a r n i n g s - - ....................... O p e r a t in g e x p e n s e s . In c lu d in g t a x e s . $ 7 ,0 7 3 ,2 4 6 4 ,4 6 5 ,0 4 4 $ 6 ,0 6 3 ,1 8 2 3 ,7 1 8 ,6 2 1 $ 5 ,1 2 5 5 63 3 ,0 4 1 ,5 2 3 N e t e a r n i n g s ............................................... ... $ 2 ,6 0 8 ,2 0 2 O t h e r I n c o m e _________________________________ 6 0 ,5 0 5 $ 2 ,3 4 4 ,5 6 1 5 8 ,7 5 7 $ 2 ,0 8 4 ,0 4 0 4 4 ,0 7 6 T o t a l n e t I n c o m e - - ________ ____________ $ 2 ,6 6 8 ,7 0 7 D e d u c tio n s— I n t e r e s t o n f u n d in g a n d f l o a t i n g d e b t . x S l ,5 5 4 ,2 4 9 D iv id e n d s ( % ) ---------------------------- ------------v ( 2 % ) 3 4 3 , 7 5 0 D e p r e c i a t i o n c h a r g e d o f f ........................... .. 2 7 6 ,0 0 0 $ 2 ,4 0 3 ,3 1 8 $ 2 ,1 2 8 ,1 1 6 T o t a l d e d u c t i o n s ............................................. S u r p l u s I n c o m e ___________ _________________ $ 2 ,1 1 8 ,2 7 3 $ 2 8 5 ,0 4 5 x I n c lu d e s $ 1 7 2 ,9 5 0 w h ic h r o a d w a s ta k e n V D u r in g 190 7 3 % % ( $ 1 2 5 , 0 0 0 ) Is I n c l u d e d $ 1 ,2 4 3 ,2 7 3 $ 1 ,1 1 3 ,2 9 4 ( 5 ) 6 2 5 , 0 0 0 ( 4 > 3) 5 0 2 , 5 0 0 2 5 0 ,0 0 0 , $ 2 ,1 7 3 ,9 9 9 $ 4 0 4 ,7 0 8 $ 1 ,0 7 5 ,7 9 3 $ 4 5 2 ,3 2 3 o n a c c o u n t o f th e D e tr o it J a c k s o n & C h ica g o R v over F eb. 1 1907. " d iv id e n d s w e re p a id (V . S 5 , p . 1 0 0 5 ), b u t 1 % o f sa m e In t h e d i v i d e n d s c h a r g e d a g a in s t t h e 1 0 0 6 e a r n i n g s . BALANCE SHEETS -D e tr o it U n ited R y .— RESU LTS FOR 7 8 3 ,2 6 8 4 2 8 ,5 8 8 ( 5 4 .3 7 ) 6 5 9 ,8 7 3 4 3 3 ,7 0 9 ( 6 5 .7 3 ) D .J .& C 1907. $ N e t e a r n i n g s ____________ O t h e r I n c o m e _____ .. 3 9 1 ,6 0 2 2 5 ,0 0 0 3 8 4 ,4 6 2 6 ,2 5 0 3 5 9 .6 8 0 2 2 6 ,1 6 7 763 675 3,578 1,262 832 T o t a l I n c o m e ____________ D ed u c t— B o n d I n t e r e s t . . 4 1 6 ,6 0 2 2 9 4 ,0 7 3 3 9 0 ,7 1 2 2 5 4 ,1 9 8 3 5 0 ,6 8 0 2 4 4 ,8 5 0 2 2 6 ,1 6 7 2 4 4 ,8 4 3 B a l a n c e , s u r p l u s _______ 1 2 2 ,5 2 9 1 1 4 ,8 3 0 d c f . 1 8 ,6 5 1 ............ ............ 1907. $ M e tr o p o lita n (R e p o r t P r e s id e n t a n n u a l T o t a l a s s e t s _____4 1 ,5 2 7 .6 2 6 3 8 ,5 2 1 ,3 5 3 5 ,1 6 5 ,8 2 5 1 ,0 9 3 ,3 6 8 5 ,0 4 1 ,4 4 3 4 ,0 0 4 ,0 2 9 Lia b ilities— C a p t a l s t o c k ........... 1 2 ,5 0 0 ,0 0 0 1 2 ,5 0 0 ,0 0 0 2 ,0 0 0 ,0 0 0 2 9 7 .0 0 0 2 ,4 3 4 ,0 0 0 2 5 ,0 0 0 M o r t g a g e b o n d s . - 2 1 ,8 8 7 , 0 0 0 2 1 ,1 6 2 ,0 0 0 2 ,7 9 0 ,0 0 0 4 9 0 .0 0 0 2 ,4 3 4 ,0 0 0 3 ,9 3 0 ,0 0 0 3 -y r . 5 % n o t e s . . . 2 ,9 5 0 ,0 0 0 1 .0 0 0 ,0 0 0 ________ D e p r e c ia t io n fu n d 5 2 6 ,0 0 0 ................. C u r r e n t li a b i l i t i e s . 1 ,3 1 2 ,4 1 9 2 ,2 1 8 ,7 6 9 4111 j, 1 7 , 5 1 0 j 74,938 M i s c e l l a n e o u s _____ 2 9 2 ,3 4 2 4 4 ,2 0 8 3,975 7,681/ In su ra n ce, A c ., fd . 0 3 ,5 0 2 5 0 ,1 0 4 0,041 733 3 ,4 2 7 L 7 ,9 9 8 D u e D c t . U n . R y .................................................... 193,204 159,310 3 5 4 ,8 8 8 1 4 ,8 9 7 S u r p l u s ____________ 1 ,9 9 6 ,3 6 3 1 ,5 4 6 ,2 7 2 33,518 1 ,0 9 3 ,3 6 8 5 ,0 4 1 , 4 4 3 4 ,0 0 4 ,0 2 9 a I n c lu d e s tr e a s u r y b o n d s : D e t r o it U n it e d R y . , $ 1 ,5 0 0 ,0 0 0 : D e t r o it & P o r t H u r o n S h o r e D in e R y . , $ 1 2 5 ,0 0 0 ; S a n d w i c h W in d s o r & A m . R y . $ 9 0 ,0 0 0 ; D e t r o it J a c k s o n A C h ic a g o R y . , $ 1 5 0 ,0 0 0 . b I n c lu d e s s t o c k s o w n e d : D e tr o it & P o r t H u r o n S h o r e L in e R y . , $ 1 ,5 4 0 , 2 7 8 ; S a n d w ic h W in d s o r A A m . R y . , $ 2 5 3 , 1 35 ; D e t r o it M o n r o e & T o le d o S h o r t L i n e R y . , $ 1 , 0 2 7 , 1 7 2 ; M o n r o e P i e r s A P a r k R e s o r t , $ 2 4 , 4 0 0 ; 'l ’ h e A lo n r o e R o lle r C o a s t e r C o ., $ 8 ,6 8 0 ; N e w p o r t S t o n e C o ., $ 5 ,0 0 0 ; E le c t r ic D e p o t C o ., $ 7 7 ,6 8 1 ; R i v e r R o u g e R y . , $ 2 4 ,6 5 6 ; R o c h e s t e r L ig h t A P o w e r C o . , S 8 .0 0 0 ; R e d f o r d A g r i c u l t u r a l S o c i e t y , $ 1 0 0 ; a n d t r e a s u r y s t o c k , $ 4 5 9 . c I n c lu d e s R a p id R y . S y s t e m , $ 3 5 4 ,8 8 3 ; D e t r o i t M o n r o e & T o le d o S h o r t L in e , $ 1 5 9 ,3 1 0 ; D e tr o it J a c k s o n & C h ic a g o R y . , $ 1 4 ,8 9 6 ; S a n d w ic h W i n d s o r A A m . R y . , S 1 9 3 .2 0 4 . d T w o Ite m s c o n s is t o f W . & T . E . R y . ( s t o c k ) , $ 1 0 ,0 0 0 ; “ W . A . T . E . R y . ” $ 1 7 1 ,6 9 0 .— V . 8 6 , p . 3 3 7 . In d ia n a U n io n T r a c tio n C o. D e c . 31 1 9 0 7 .) 1907. 1906. G r o s s e a r n i n g s ................................ — ............................... ........ ..... $ 2 , 0 8 9 , 2 3 2 $ 1 ,9 4 3 ,1 0 1 O p e r a tin g e x p e n s e s . ----------------------- -----------------------------1 ,1 1 1 ,1 9 8 9 9 5 ,2 6 6 (S ta t e m e n t f o r F i s c a l Y ea r en d in g N e t e a r n i n g s __________________ ____________________________ I n t e r e s t o n U n io n T r a c t io n C o . o f I n d ia n a , I n d i a n a p o lis N o r t h e r n T r a c t io n C o ., th e M u n c le H a rtfo rd & F ort W ayne R y. and o th er u n d e r l y i n g b o n d s ; a l s o t a x e s ---------------------------------------N et In com e In e x c e s s o f ta x e s and N e t I n c o m e — s u r p l u s .......................................- ................... — V . 84, p . 388. L a k e (R e p o r t S h ore fo r E le c tr ic F isc a l Y ea r $ 9 7 8 ,0 3 4 $ 9 4 7 ,8 3 5 7 2 8 ,1 1 5 6 8 0 ,8 1 8 $ 2 4 9 ,9 1 9 $ 2 6 7 ,0 1 7 In terest o n D iv id e n d s o n s t o c k s o f U n io n T r a c t io n C o . o f I n d ia n a a n d t h e M u n c le H a r t f o r d & F o r t W a y n e R y . , a n d In te re st o n I n d ia n a U n io n T r a c t io n C o . b o n d s ------------------ -------------------------------------------------------------- R a ilw a y , e n d in g 2 2 9 ,S97 1 5 1 ,5 1 4 $ 2 0 ,0 2 2 $ 1 1 5 ,5 0 3 C le v e la n d . D ec. 31 W e s t fo r H . F isc a l G . m e e tin g E le v a te d Y ea r H e tz le r, F e b . N o . o f P a ssen g er. T o ta l 1907— P a ss. J a n u a ry ...4 ,6 5 5 ,1 1 9 F e b ru a ry ..4 ,3 2 4 ,4 0 0 M a r c h -------- 4 , 7 9 8 , 4 8 9 A p r i l ............. 4 , 6 8 8 , 2 5 7 M a y ............... 4 , 6 9 4 , 1 1 3 J u n e ............... 4 , 4 5 5 , 5 4 4 1 3 6 ,5 1 4 S id e 3 en d in g in 1 9 0 8 , th e R y ., D ec. re p o rt C h ica g o , 31 111. 1 9 0 7 .) p resen ted a t th e sa y s: T o ta l, D a i l y A v e r a g e a n d In c r ea se O v e r 1 9 0 6 . D a ily P .C . | T o ta l D a ily P .C t. A v e r , o f In c . 1907. P a ss. A v er, of In c . 1 5 0 . 1 6 5 1 5 . 8 0 J u l y _________ 4 , 2 0 9 , 1 4 9 1 3 5 , 7 7 9 1 0 . 0 5 1 5 4 , 4 4 3 1 3 .9 2 A u g u s t ______ 4 , 2 3 2 , 0 3 0 1 3 6 , 5 1 7 1 0 . 5 3 1 5 4 ,7 9 0 1 2 .0 3 S e p t e m b e r .4 ,2 2 9 ,3 7 2 1 4 0 ,9 7 9 0 .0 3 1 5 6 ,2 7 5 1 3 .6 9 O c t o b e r . . . 4 , 8 6 9 , 4 7 0 1 5 7 ,0 8 0 1 0 .1 1 1 5 1 ,4 2 3 1 0 .7 3 N o v e m b e r .4 , 5 4 5 , 5 3 9 1 5 1 ,5 1 8 — 6 .2 8 1 4 8 ,5 1 8 1 0 .8 5 D e c e m b e r - . 4 ,5 7 9 , 4 0 6 1 4 7 , 7 2 3 — 5 .1 8 T w e l v e m o n t h s 1 9 0 7 ................................................................... T w e l v e m o n t h s 1 9 0 6 _____________________________________ 5 4 ,2 8 0 ,8 8 8 4 9 ,7 7 1 ,8 1 2 1 4 8 ,7 1 5 1 3 6 .3 6 1 9 .0 6 _____ R o llin g S l o c k .— T h e e q u i p m e n t c o n s i s t s o f 2 2 5 m o t o r c a r s , 1 8 3 c o a c h e s , 7 9 c o n t r o l c o a c h e s a n d 17 m is c e l la n e o u s . T h e a b o v e In clu d e s 20 v e s t ib u le m o t o r ca rs r e c e n t ly p u r c h a s e d fr o m th e P u llm a n C o . e x te n s io n . -T h e m ile a g e o p e r a t e d d u r n g th e y e a r h a s b e e n In creased tw o m ile s b y th e e x te n s io n o f th e D o u g la s P a r k L in e , th e t o t a l m ile a g e a t th e e n d o f th e y e a r . e x c l u s iv e o f s id e t r a c k s , b e in g 5 0 .5 5 m ile s . The D oug la s 1 a r k L in e w a s o p e n e d f o r t r a f f i c t o 4 6 i l i A v e . o n M a y 2 2 ; t o 4 8 t h A v e . * eCi 'i i b u ll d n g t h is lin e , t h e s t r u c t u r e w a s e x t e n d e d fr o m 4 0 t h A v e . t o 42ci A v e a d is ta n c e o f a q u a r te r o f a m ile . T h e I n c lin e c o m e s t o t h e s u r fa c e a t 4 3 d A v e . a n d th e tra ck c o n t in u e s o n th e s u r fa c e , p a s s in g th r o u g h a s u b w a y u n d e r th e B e lt & M a n u fa c tu r e r s ’ J u n c t io n R y s . to 4 8 th A v e ., a d i s t a n c e o f >4 o f 1 m i l e . ^ f ! c Y ' e s t e r n E l e c t r i c W o r k s h a v i n g r e d u c e d t h e i r f o r c e e a r l y In 1 9 0 6 , t h e t r a f f i c f r o m t h i s e x t e n s i o n (h a s n o t b e e n a s l a r g e a s a n t i c i p a t e d . The b u s i n e s s c o m i n g f r o m t h i s l i n e Is s u f f i c i e n t t o p a y o p e r a t i n g e x p e n s e s a n d fix e d c h a r g e s . W it h a r e v i v a l o f b u s in e s s c o n d it i o n s , a n I n c r e a s in g v o l u m e o f b u s i n e s s Is l o o k e d f o r . I m p r o v e m e n t s .— A n a d d l t o n a l w a i t i n g r o o m 2 8 x 6 0 f t . h a s b e e n b u i l t a t L o g a n S q u a r e a n d a n e w w a itin g r o o m a t G u n d e r s o n A v e . A t C anal S t. b o t h p la tto r m s h a v e b e e n e x te n d e d . T h e s tr u c tu r e fr o m C e n tr e A v e . t o P a u lin a S t ., P a u lin a S t . to K ln z le V ia d u c t a n d fr o m P a u lin a S t . to C a l i fo r n ia A v e . h a s b e e n t h o r o u g h ly c le a n e d a n d p a in t e d . In c o m p lia n c e w it h a c i t y o r d in a n c e , a n a r c la m p h a s b e e n s u s p e n d e d fr o m o u r s t r u c t u r e a t e a c h s t r e e t I n t e r s e c t i o n , m a k i n g It n e c e s s a r y t o I n s t a l l 2 0 5 l a m p s . A sto ra g e b a t t e r y w it h a c a p a c i t y o f 3 ,2 0 0 a m p e r e s h a s b e e n p u r c h a s e d a n d I n s t a lle d In a c o n c r e t e a n d b r i c k c o n s t r u c t e d b u i l d i n g a t L o o m i s S t . , j u s t w e s t o f t h e m a in p o w e r s ta tio n . E x p e n s e s .— T h e c o s t o f t r a n s p o r t a t io n h a s I n c r e a s e d m a t e r i a l l y , d u e t o In cr e a s e d c o s t o f p o w e r , la b o r a n d m a te r ia l. T h e g en era l ta x e s a m o u n te d t o $ 1 4 5 ,7 5 2 , a n In cr e a s e o f $ 1 5 ,1 1 4 o v e r 1 9 0 6 . T h e t o t a l t a x e s , I n c lu d in g c a r lic e n s e s a n d s p e c ia l a s s e s s m e n ts , a m o u n t e d t o $ 1 7 6 ,3 9 0 , a s c o m p a r e d w ith $ lo 8 ,1 2 8 fo r th e p r e v io u s y e a r . F IS C A L R E SU L T S . , ------- Y e a r e n d . D e c . 3 1 -------- - — Y e a r e n d . F e b . 2 8 ------1 9 0 5 -0 6 . 1 9 0 4 -0 5 O p e r a tio n s — 1907. 1906. 4 6 ,1 8 6 ,7 5 3 4 1 ,6 9 4 ,7 8 8 W h o le N o . p a s s , c a r r ie d 5 4 ,2 8 0 ,8 8 8 4 9 ,7 7 1 ,8 1 2 1 2 6 ,5 4 0 D a lly a v e r a g e 1 1 4 ,2 3 2 1 3 6 ,3 6 1 1 4 8 ,7 1 5 E a r n in g s— $ $ 2 ,3 6 0 ,2 5 7 P a s s e n g e r e a r n i n g s _____ 2 ,0 8 0 ,0 3 7 2 ’, 5 4 5 , 1 3 6 2 ,7 7 8 ,5 0 7 9 2 ,0 7 0 A d v e r tis in g A m ls c e ll.. 7 2 ,6 6 0 0 2 ,7 6 5 0 9 ,9 0 2 1 9 0 7 .) P r e s id e n t E . W . M oore r e p o r ts a s fo llo w s : B o n d e d D e b t.— G e n e r a l m o r t g a g e 3 0 -y e a r 5 % b o n d s d a t e d F e b . 1 , 1 9 0 3 a r e o u t s t a n d i n g t o a t o t a l o f $ 9 0 8 ,0 0 0 (t o t a l Is s u e $ 7 ,0 0 0 ,0 0 0 — $ 4 ,0 0 0 ,0 0 0 In e s c r o w t o r e t i r e $ 4 , 0 0 0 , 0 0 0 L . S . E . R y . c o n s o l s ) t h e r e a r e a l s o h e l d In th e t r e a s u r y $ 1 ,2 5 2 ,0 0 0 o f th e s e b o n d s a n d $ 8 4 0 ,0 0 0 a r c w it h th e tr u s te e , n o t c e r t lllc d . O v e r h e a d .— T h e h i g h - t e n s io n lin e s f r o m t h e F r e m o n t p o w e r h o u s e e a s t w a r d t o t h e j u n c t i o n o f t h e S a n d u s k y F r e m o n t A .S o u th e r n R y . w e r e ;e b u l l t a n d n e w lin e s a d d e d . In S a n d u s k y th e o v e rh e a d c o n s tr u c tio n w a s e x t e n d e d t o th e p r iv a t e r ig h t -o f-w a y o f th e S a n d u s k y F r e m o n t A S o u th e r n R y . C o. P r a c t i c a l l y a ll t h e s w i t c h e s o n t h e l n t e r u r b a n d i v i s i o n s w e r e e q u ip p e d w it h e le c t r ic s w itc h lig h t s . R o llin g S to c k .— F iv e n e w 5 0 It. ln te r u r b a n c a r b o d ie s w e r e p u r c h a s e d ( t h r e e t o r e p l a c e t h e t h r e e d e s t r o y e d b y (I re In 1 9 0 6 ) ; a l s o t w o s e t s o f t r u c k s , A c. T h i s c o m p a n y n o w o w n s a n d h a s In s e r v i c e 5 3 d o u b l e - t r u c k l n t e r u r b a n c a r s , 2 3 s in g le -t r u c k c i t y e a r s , 6 d o u b l e - t r u c k b a g g a g e a n d fr e ig h t c a r s ,32 w o r k c a r s o f v a r io u s k in d s : t o t a l, 114 ca rs . P o w e r D e p a r t m e n t .— A t F r e m o n t t h e r e w a s I n s t a lle d a 2 ,0 0 0 K . W . t u r b in e t o g e t h e r w it h a W h e e le r c o n d e n s e r , & c . T w o n e w 4 0 0 K . W . r o ta rie s w e r e a l s o a d d e d t o t h e F r e m o n t p o w e r h o u s e , a l s o o n e In e a c h o f t w o s u b s t a t io n s . A t th e B e a c h P a r k s t a t io n t w o 4 0 0 K . W . a lt e r n a t in g c u r r e n t g e n e r a t o r s w e r e I n s t a lle d . O n e 4 0 0 K . W . r o t a r y w a s I n s t a lle d . T r a c k .— I n S a n d u s k y a n e w t r a c k w a s la id o n c o n c r e t e t o t h e K u e b l e r b rew ery. F ron t th e K u e b le r b r e w e r y to th e ju n c t io n o f th e S a n d u s k y F r e m o n t A S o u th e r n R y . n e w t r a c k w a s la id , w it h s to n e b a lla s t . O n E ast M a i n S t . , N o r w a l k , 1 , 3 0 0 f e e t o f n e w t r a c k w a s l a i d a n d t h e m a t e r i a l Is o n t h e g r o u n d f o r t h e o t h e r t r a c k f o r t h is s a m e d i s t a n c e . F iv e n e w s id in g s h a v e b e e n la id . B e t w e e n M ila n a n d N o r w a l k , a n d b e t w e e n L o r a in a n d V e r m illio n , c o n s id e r a b le b a lla s tin g w a s d o n e w ith c r u s h e d s t o n e . F iv e c o n c r e t e c u lv e r t s w e r e b u ilt a n d o n e la r g e h ig h w a y c u lv e r t w a s e x t e n d e d . L o r a i n S t r e e t R R . — A 4 0 0 K . W . r o t a r y w a s I n s t a l l e d In t h e S o u t h L o r a i n p la n t. T h e r e m a in d e r o f th e d o u b le t r a c k , w it h th e e x c e p t io n o f a p p r o x i m a t e l y 1 ,5 0 0 f e e t , w a s c o m p l e t e d b e t w e e n t h e s t e e l p l a n t a t L o r a in a n d t h e l o o p In E l y r i a . T h i s c o m p a n y h a s In o p e r a t i o n 2 3 c a r s I n a l l . E a r n i n g s o f L o r a i n S tr e e t R R . ( 2 4 .7 7 M i l e s ) f o r C a le n d a r Y e a r s . C ross. N e t. B o n d . In t. B a L .s u r $ 6 7 ,2 6 1 $ 6 4 ,5 0 0 $ 2 7 61 1 9 0 7 ............................................... $ 1 7 7 , 8 0 4 1 9 0 6 ............................................... 1 4 6 , 8 7 8 4 9 ,1 1 5 4 2 ,6 0 4 6 ,5 1 i S a n d u s k y F r e m o n t & S o u th er n R y . C o .— C o n s t r u c t io n w o r k w a s c o n t in u e d t h r o u g h o u t t h e y e a r a n d t h e r o a d Is n o w c o m p l e t e d , e x c e p t a s m a l l p o r t i o n o f th e b a lla s tin g . F r o m th e J u n c tio n w it h th e m a in lin e o f th e L a k e S h o r e E le c t r ic R y . a t F r e m o n t t o th e c o n n e c t io n w it h th e L a k e S h o r e E le c t r ic R y a t V e n i c e R o a d , S a n d u s k y ( 2 0 m i l e s ) , t h e r o a d Is o n p r i v a t e r i g h t - o f - w a y , n e a r l y a l l 8 0 f e e t In w i d t h . T h is c o m p a n y p u r c h a s e d d u r in g th e y e a r i o Y E A R S — N O T IN C L U D IN G L O R A IN S T . R R . 8 6 0 ,7 2 0 4 7 6 ,2 5 8 ( 5 5 .3 3 ) A sse ts— $ I n v e s t m e n t .............3 4 ,8 3 8 ,3 9 C u r r e n t a s s e t s _____ T o t a l l i a b i l i t i e s . 4 1 ,5 2 7 ,6 2 6 3 8 ,5 2 1 ,3 5 3 5 ,1 6 5 ,8 2 5 TH REE ( T h e S a n d u s k y F r e m o n t A S o u t h e r n R y . , 2 0 m i l e s , w a s p l a c e d In o p e r a t i o n S e p t . 1 7 1 9 0 7 w it h r o a d o n l y p a r t i a l l y c o m p l e t e d ; Its t o t a l g r o s s e a r n i n g s In 1 9 0 7 w e r e $ 1 4 , 8 3 7 , a n d a r e h e r e I n c l u d e d . ) O p e r a tio n s — 1907. 1906. 1905. P a s s e n g e r s c a r r i e d _______ 4 ,9 0 4 ,5 0 5 4 ,7 5 8 ,8 3 8 4 ,3 3 7 ,0 0 9 E a rn in g s p e r p a s s e n g e r . 1 8 .6 1 c t s . 1 8 .5 4 c t s . 1 8 .1 7 c t s . N u m b e r c a r m i l e s ________ 3 ,3 9 2 ,7 3 5 3 ,3 5 5 ,6 6 1 3 ,0 2 4 ,3 9 3 2 ,9 9 6 ,4 3 1 G r o s s I n c o m e p e r c a r m ile 2 6 .9 1 c t s . 2 5 .6 5 c t s . 2 6 .0 6 c t s . 2 2 .0 2 c t s . N e t ea rn s, p e r ca r m ile -. 1 1 .5 4 c t s . 1 1 .4 6 c t s . 1 1 .8 9 c t s . 7 .5 5 c t s . E a r n in g s— S S $ $ P a s s e n g e r s - .............................. S 3 9 .2 3 7 7 9 5 ,7 1 9 7 4 0 ,5 2 1 6 2 2 ,9 9 2 C h a r t e r e d c a r s ____________ 5 ,0 0 2 3 ,6 8 8 2 ,8 9 1 2 ,6 1 3 4 5 ,4 1 2 F r e i g h t --------------------------------3 7 ,4 5 5 2 4 ,6 3 3 1 6 ,7 1 9 U . S . m a l l ............................ 2 ,1 7 9 2 ,1 6 8 1 ,9 8 5 1 ,5 9 2 M ilk -------------------------------------l ,7 9 5 1 ,9 4 9 1 ,8 5 S 1 ,6 6 2 2 ,4 9 0 A d v e r t i s i n g ........................... 2 ,1 3 0 1 ,8 0 0 1 ,4 3 5 C a r m i l e a g e .............................. 1 0 ,1 7 8 1 1 ,3 3 7 6 ,3 7 5 4 ,0 1 0 2 ,2 9 8 I n t e r e s t ................. 1 ,6 3 3 2 ,8 0 6 4 ,5 0 7 M i s c e l l a n e o u s _____________ 4 ,5 7 0 4 ,6 4 1 5 ,3 9 0 4 ,2 5 4 9 1 3 ,1 6 1 5 2 1 ,5 5 9 (5 7 .1 1 ) R a p ld R y . S .I F .A A . D .M .& T . 1906. 1907. 1907. $ $ $ 33,566.141 5,117,195 6,726 4,502.267 876 4,612 343,548 573,147 1,623 P r e p a id a c c ’ t s .& c . 37,292 65,500 71,000 2,425 n l ,865,000 62,969,569 d 10,000 O t h e r a c c o u n t s ___ C722.299 ............ dl71,090 A c c ’ ts r c c e i v . , A c . 416,857 ” (?) 56,362 43,897 2,325 C a s h ................ .......... A c c i d e n t f u n d _____ 15,000 f i f t y - f o o t ln te r u r b a n c a r s , e q u ip p e d w it h W e s t ln g h o u s e 121 m o t o r s w it h a u to m a tic , c o n t r o l; a ls o e ig h t R o d g e r s b a lla s t c a r s . A s u b -s ta t io n w a s b u ilt a t W h i t m o r e In w h i c h h a s b e e n i n s t a l l e d t w o 4 0 0 K . W . r o t a r i e s T h e ea rn in g s o f t h is r o a d a r e s h o w n a s t h e S . F . & S . D i v i s i o n o f t h e L a k e S h o r e E l e c trie R y . M i l e a g e O p e r a te d .— T h i s I n c l u d e s ( s i n g l e - t r a c k m i l e s ) : L a k e S h o r e E l e c , R y . C o ., 1 7 0 .4 9 ; L o r a in S t r e e t R R . C o .. 2 4 .7 7 ; S a n d u s k y F r e m o n t & S o u t h e r n R y . , 2 0 .0 3 ; t o t a l , 2 1 5 .2 9 m ile s . G r c s 3 t n e e m e ____________ O p e r . e x p . a n d t a x e s ____ P er ce n t op e r. to In com e D EC . 31. 190 LXXXVI. [V O L . 2 ,4 5 2 ,3 2 7 G r o s s e a r n i n g s ________ O p e r a tin g e x p e n s e s — M a ln t. o f w a y A s t r u c . . M a i n t . o f e q u i p m e n t ____ C o n d u c tin g tra n s p o rt’ !!. G e n e r a l --------------------------------L o o p e x p e n s e s . . . ............. 2 ,8 7 8 ,5 8 0 1 1 5 ,7 1 4 1 9 4 ,7 2 4 0 3 7 ,2 9 3 S 8 .1 4 0 1 0 7 ,6 2 8 1 1 0 ,6 7 3 2 1 6 ,3 4 8 7 7 1 ,3 3 9 7 6 ,3 3 3 1 1 5 ,6 6 6 1 1 4 ,9 6 3 2 0 2 ,2 2 0 6 9 2 ,3 1 7 7 6 ,6 9 0 8 6 ,2 4 0 0 8 ,7 2 5 1 6 3 ,5 2 9 6 3 8 ,5 0 7 9 2 ,0 0 3 6 4 ,5 5 2 T o ta l o p e r a tin g e x p . . N e t e a r n n g s . .................. .. A d d I n t . o n b a l . , A c _____ 1 ,4 4 3 ,4 9 0 1 ,4 3 5 ,0 9 0 6 ,8 1 9 1 ,2 9 0 ,3 5 9 1 ,3 4 7 ,5 4 2 1 6 ,6 6 5 1 ,1 7 2 ,4 3 0 1 ,2 7 9 ,8 9 7 1 2 ,6 3 7 1 ,0 5 7 ,3 1 6 1 ,0 9 6 ,2 8 0 5 ,5 5 4 T o t a l a v a i l a b l e l n c ____ D ed u c t— R e n t a l s --------------------------------T a x e s , c a r lic e n s e s , A c . . I n t e r e s t ------------------------------D i v i d e n d s ( 2 K % ) ----------- 1 ,4 4 1 ,0 0 9 1 ,3 6 4 ,2 0 7 1 ,2 9 2 ,5 3 4 1 .1 0 1 ,8 3 4 2 9 9 ,0 4 3 1 7 6 ,3 9 0 5 7 4 ,6 9 1 1 9 5 ,92S 2 7 0 ,3 6 0 1 5 8 ,1 2 8 5 5 6 ,4 4 0 2 5 9 ,3 2 6 15 4 , 7 9 1 5 5 5 ,7 8 5 2 4 3 ,0 9 6 1 2 6 ,6 4 4 4 9 0 ,6 7 0 T o t a l .................. .. ................. S u r p l u s - ................. .................... 1 ,2 4 6 ,0 5 2 * 1 9 5 ,8 5 7 9 8 4 ,9 3 7 3 7 9 ,2 7 0 9 6 9 ,9 0 2 3 2 2 ,6 3 2 8 6 0 ,4 1 0 2 4 1 ,4 2 4 2 ,6 3 7 ,9 0 1 2 ,1 5 3 ,5 9 7 * D iv id e n d s I n clu d e H o f 1 % e a c h p a i d M a r c h 3 0 , J u n e 2 9 a n d S e p t 1 9 0 7 ; n o d iv id e n d p a id D e c . 1 9 0 7 . C om pare V . 85, p. 1646. BALA N CE SHEET D ECEM BER 1907. A ssets— $ 1906. | $ | 31 1007 A N D 1906. 1907. L iabilities— $ 30 19 0 6 . « Cost road & e q u ip .30,863,825 30,462,4161Preferred s t o c k .. . 9.000,000 0 000 000 Construe, advances 1,237.143 1,171,861 (Common stock . . . 7,500,000 7,500 000 Prcf. stock In treas 292,100 292,100| 1st M. bonds (4% )10.000,000 lO.OOoioOO Com. stock in treas 35,900 35,900 E xt. M. bds. (4 % ) 4,500,000 4 ,5 0 0 ,0 0 0 Ext.SI.bds.In treas 1,179,000 1,422,0001Coll, trust notes. 5 0 0 .0 0 0 6 0 0 ,0 0 0 C a s h . . . .................. 247,658 2 2 0 ,4 5 0 Equip, trust notes. 5 3 6 ,5 2 5 4 0 0 .9 6 3 Material A supplies 77,644 6 2 ,1 2 1 Notes payable____ 73,722 Accts. receiva ble.. 47,700 2 0 ,8 8 2 Pay-rolls,accts. A c. 227,210 2 6 3 ,2 9 7 Prepaid Insurance. 26,323 Coups.not pres., Ac. 16,191 6,434 5,320 Advances, Union Interest due Jan. 1 6 6 ,7 2 0 61,560 Consol. El. R I I . 53,720 4 3 ,5 0 0 Int. accr’d, not duo 175,321 1 7 3 ,6 8 0 Unadjusted accts. 78.984 4 3 ,2 0 1 Rents acc., not due 8 ,7 5 m 8,760 Taxes acc..not duo 1 0 1 ,8 7 3 101,873 D cprcc’ n reserve.. 8 8 ,7 0 5 85,251 Balance, surplus.. 1,320,291 1,124,433 T otal....................34,139,997 33,790,681 — V. 80, p. 337. 108. T otal....................34,139,997 33,790,681 THE CHRONICLE F eb . 15 1908. | 419 BALANCE K n ic k e r b o c k e r (R ep o rt P r e s id e n t 190 8 , fo r F isc a l J oh n S . Ic e C o m p a n y , Y ea r F ie ld , e n d in g u n d e r C h ic a g o . 31 D ec. d a te o f 1 9 0 7 .) C h ic a g o , F e b . 5 sa y s: G e n e r a l R e s u l t s .— T h e e a r n i n g s f o r 1 0 0 7 , w h i l e l a r g e r t h a n t h e a v e r a g e o f a ll p r e v i o u s y e a r s , w e r e n o t a s l a r g e a s m i g h t r e a s o n a b l y h a v e b e e n e x p ected . T h e fin a n c ia l d e p r e s s io n d u r in g t h e la s t q u a r t e r c a u s e d a g e n e r a l c e s s a t i o n In b u i l d i n g o p e r a t i o n s , a n d t h e c o o l w e a t h e r p r e v a i l i n g I n t h e la t t e r h a lf o f th e y e a r le s s e n e d th e d e m a n d f o r le e . T h e a d d itio n a l fa c ili tie s , h o w e v e r , a c q u ir e d d u r in g 1 0 0 0 e n a b le d o u r o p e r a t io n s t o b e s o e x t e n u e d t h a t t h e s a l e s o f l e e In t o n s I n 1 0 0 7 w e r e g r e a t e r t h a n In a n y p r e v i o u s y e a r , e x c e p t I n 1 0 0 6 , In w h i c h y e a r , o n a c c o u n t o f t h e m i l d n e s s o f t h e p r e v l o u s w i n t e r , la r g e q u a n t i t i e s o f le e a t e x c e p t i o n a l l y g o o d p r ic e s w e r e s h i p p e d t o c o n s u m e r s o u t s id e o f o u r u su a l te r r it o r y . T h e I n c r e a s e In p l a n t a c c o u n t r e s u lt e d p r i n c i p a l l y f r o m t h e n e c e s s a r y c o m p le t i o n o f t w o a r tific ia l Ice p la n t s a n d o t h e r I m p r o v e m e n t s c o n t r a c t e d f o r o r c o m m e n c e d In t h e y e a r 1 0 0 6 . D e d u c tio n s w e re m a d e fr o m th e e a rn in g s fo r th e y e a r to th e a m o u n t o f $ 2 2 4 ,4 4 5 , f o r d e p r e c ia t io n , re p a ir s a n d re n e w a ls . B o n d s — D u r in g th e y e a r fir s t m o r t g a g e b o n d s t o th e a m o u n t o f $ 8 ,0 0 0 , p a r v a l u e , w e r e c a n c e l e d t h r o u g h t h e s a le s o f r e a l e s t a t e a n d e x c h a n g e fo r r e f u n d i n g m o r t g a g e b o n d s , o f w h i c h $ 6 , 0 0 0 a r e n o w In t h e t r e a s u r y a n d $ 2 , 0 0 0 w e r e p l a c e d In t h e s i n k i n g f u n d . T h r e e -y e a r c o lla t e r a l n o te s t o a t o t a l o f $ 1 3 ,0 0 0 w e r e c a n c e l e d , m a k in g In a ll $ 6 0 ,0 0 0 , p a r v a l u e , o f s u c h c o lla te r a l n o te s n o w p a id . T h e r e w a s a d d e d to th e r e fu n d in g m o r tg a g e s in k in g fu n d (I n c lu d in g t h e $ 2 ,0 0 0 a b o v e m e n t io n e d ) $ u 5 ,0 0 0 r e f u n d in g bon ds. T h e t o t a l a m o u n t n o w I n s u c h s i n k i n g f u n d Is $ 3 1 8 , 2 8 5 I n b o n d s , ca s h a n d a ccr u e d In terest o n cu r re n t c o u p o n s . D i v i d e n d s .— T h e r e w e r e e a r n e d a n d d e c l a r e d d u r i n g t h e y e a r 1 9 0 7 d i v i d e n d s N o s . 18 a n d 1 9 , o f 3 % e a c h , o n th e p r e fe r r e d s t o c k — N o . 18 p a id O c t . 2 5 1 9 0 7 a n d N o . 19 p a y a b l e F e b . 19 1 9 0 8 . T h e r e w a s a ls o e a r n e d a n d d e c la r e d d u r in g 1 9 0 7 a d i v id e n d o f 2 % o n th e c o m m o n s t o c k , f o r w h ic h d iv id e n d w a r ra n ts a re to b e Issu ed F e b . 20 1 9 0 8 . P a y m e n t o f th ese w a r r a n ts c a n b e r e q u ir e d o n ly a ft e r th e c o lla t e r a l n o te s h a v e b e e n p a id , b u t n o t b y r e n e w a l, a n d w h e n t h e c o m p a n y ’s f ix e d c h a r g e s a n d t h e fu ll p r e fe r r e d s t o c k d i v i d e n d s In t h e y e a r o f s u c h p a y m e n t h a v e b e e n p r o v i d e d f o r . ( V . 8 5 , p . 1 6 4 9 .) B o n d S ta t e m e n t D e c . 3 1 1 9 0 7 . 1 s t M . B d s . R e f . M . B d s . C o l l . T r . N ’ tcs T o ta l. $ 6 ,0 0 0 ,0 0 0 $ 1 ,5 0 0 ,0 0 0 $ 1 0 ,0 0 0 ,0 0 0 A u t h o r i z e d I s s u e ------------------- $ 2 , 5 0 0 , 0 0 0 D ed u ct— In tre a su r y a n d d e p o s ite d 2 ,2 6 2 ,0 0 0 ,1 9 3 ,0 0 0 a s c o l l a t e r a l ----------------------6 9 ,0 0 0 5 7 6 .0 0 0 5 0 7 ,0 0 0 6 9 ,0 0 0 R e t i r e d ......................................... 3 1 4 .0 0 0 I n s i n k i n g f u n d -----------------------------------3 1 4 ,0 0 0 3 ,4 9 3 ,0 0 0 U n is s u e d ...................... .. 3 ,4 9 3 ,0 0 0 N e t o u t s t a n d i n g - .............$ 1 , 9 2 4 , 0 0 0 RESULTS FOR N one. YEAR $ 1 ,4 3 1 ,0 0 0 E N D IN G 1906. 1907. $ 1 ,0 1 5 ,5 1 6 $ 4 9 9 ,2 5 1 N e t e a r n i n g s ---------------D e d u c tio n s— B o n d I n t e r e s t ........................ \ $ 1 6 7 ,0 6 2 / $ 1 0 6 ,1 7 1 I n t . & c o m . o n c o ll, n o t e s / \ 1 1 3 ,4 5 3 R e s e rv e fo r ta x e s , & c — ------------5 2 ,0 0 0 P r e f . d i v i d e n d ( 6 % ) _____ 1 7 0 ,7 6 0 1 7 9 ,7 6 0 C o m . d i v i d e n d (s e e t e x t ) ( 2 % ) 7 9 , 9 9 4 (4 % ) 1 ;> 9 ,8 4 0 T o t a l --------------------------------.S u r p lu s f o r y e a r ---------------T o t a l s u r . e a r n s . D e c . 31 A p p r o p r ia t e d fo r c a p ita l I n v e s t m e n t , 1 8 9 8 -1 9 0 7 $ 4 2 6 ,8 1 6 $ 7 2 ,4 3 5 $ 2 7 3 ,7 7 6 $ 6 1 1 ,2 2 5 $ 4 0 4 ,2 9 1 $ 1 ,1 5 3 ,1 4 7 N e t su r p lu s D e c . 3 1 . . $ 2 7 3 ,7 7 6 $ 2 0 1 ,3 4 1 1905. $ 3 9 1 ,9 5 1 1004. $ 3 8 4 ,5 2 8 $ 0 8 ,4 9 2 $ 9 7 ,0 9 0 1 7 9 ,7 5 7 1 7 9 ,7 5 4 P r e s id e n t $ 6 3 5 ,1 5 3 1907. S 4 ,0 0 0 ,0 0 0 3 ,0 0 0 ,0 0 0 1 ,9 9 3 ,0 0 0 2 ,5 0 7 ,0 0 0 1 ,4 3 1 ,0 0 0 0 5 ,7 0 5 1906. S 4 ,0 0 0 ,0 0 0 3 ,0 0 0 ,0 0 0 2 ,0 0 1 ,0 0 0 2 ,1 9 8 ,0 0 0 1 ,4 4 4 ,0 0 0 9 7 ,1 0 9 9 5 1 ,8 0 6 2 4 1 ,0 8 2 1 2 8 ,8 0 0 5 4 ,5 1 0 6 0 ,6 3 8 8 9 ,9 9 1 7 9 ,9 0 4 2 7 3 ,7 7 6 9 5 1 ,8 0 6 2 1 9 ,9 8 2 1 4 8 ,9 3 5 4 9 ,4 6 5 5 7 ,2 8 0 T o t a l ...................... 1 4 ,9 0 8 .2 0 2 1 4 ,6 0 8 ,8 9 6 1907. 1900. | S | L ia bilities— $ A sse ts— P l a n t ______________ 1 1 ,0 7 8 ,4 3 8 1 0 , 7 3 4 , 2 1 9 ( C o m m o n s t o c k _ . . 6 9 ,0 0 0 1 st M .h ils .I n t r e a s . 7 5 ,0 0 0 (P re fe rre d sto c k l t e f .M . b d s . l n t r e n s . 2 ,1 9 3 ,0 0 0 2 ,2 4 9 ,0 0 0 1 F ir s t m t g e . b o n d s . R e f .M .h d s . s in k , fd . 3 1 8 ,2 8 5 2 4 9 ,0 0 0 1 R e f . m t g e . b o n d s . 2 1 1 ,5 0 0 2 1 1 . 5 0 0 15 % e o l l a t . n o t e s . . C o lla t e r a l n o t e s . . . I n v e s t m e n t s ........... 9 2 ,1 1 1 1 1 9 ,2 4 3 ( R e s e r v e s ................ .. 1 0 7 ,2 8 1 1A p p r o p . f o r c a p . 2 9 5 ,2 9 3 I n v e n t o r i e s _______ 2 8 1,1 9 4 j In v estm en t . . . . 1 1 6 ,7 8 0 G a s h ___ ___ ___ 1 0 , 4 7 0 1N o t e s p a y a b le . 1 1 ,1 5 6 N o te s r e c e iv a b le . . 4 7 6 ,0 0 0 1 A c c o u n t s p a y a b l e . 4 1 1 ,0 9 5 A c e ’ ts r e c e i v a b l e . 6 5 , 9 8 4 1P a y - r o l l s ____ . . . 1 1 1 ,5 4 4 l e e h a r v e s t _______ 1I n t e r e s t a c c r u e d . . I P f. d lv . p a y . F e b . ( C o m . d l v .( w a r r ’ t s ) j S u r p l u s ...................... C . P e o p le ’s P r e s id e n t G a s fo r G eo. L ig h t F isc a l O . & Y ea r K n a p p , C ok e C o ., C h ica g o . D ec. C h ica g o , F e b . 31 10, sa y s: . - 1907. 2 ,3 1 2 4 4 6 ,7 2 3 2 2 9 ,1 9 4 2 2 ,0 4 3 6 0 ,8 2 2 1906. 2 ,1 0 3 3 9 2 ,3 9 7 1 9 7 ,6 1 9 2 3 ,6 7 3 4 5 ,7 1 4 G ross r e c e ip t s .. O p e r a tin g e x p e n s e s $ 1 3 ,1 4 6 ,3 6 8 _ 7 ,9 7 3 ,6 2 6 N e t e a r n in g s .. In te re st o n b o n d sC h a rged o f f .. . . . . T o t a l ............ — --------B a la n c e fo r d iv id e n d s D iv id e n d s ( % ) . $ 1 2 ,0 1 4 ,0 8 5 6 ,3 3 5 ,8 2 1 $ 4 ,8 9 2 ,7 4 1 $ 1 ,8 1 9 ,3 0 0 7 8 2 ,2 2 0 $ 5 ,7 0 5 ,5 7 9 $ 1 ,8 2 9 3 0 0 7 2 6 ,9 8 9 $ 5 ,6 7 8 ,2 0 4 $ 1 ,8 5 3 ,5 5 0 6 9 0 ,5 6 9 1904. 1 ,9 3 9 3 5 9 ,3 2 7 1 4 5 ,2 2 2 2 4 ,9 7 4 3 3 ,3 3 7 $ 2 ,6 5 3 ,9 5 9 $ 2 ,6 0 1 ,5 2 0 $ 2 ,5 5 6 ,2 8 9 $ 2 ,5 4 4 ,1 1 9 $ 2 ,5 1 8 ,7 8 3 $ 2 ,2 9 1 ,2 2 1 $ 3 ,1 4 9 ,2 9 0 $ 3 ,1 3 4 ,1 4 5 ( 6 ) 1 ,9 7 8 ,1 4 6 (5 )1 ,6 4 8 ,4 5 5 ( 0 ) 1 ,9 7 8 ,1 4 6 ( 0 ) 1 ,0 7 8 ,1 4 7 S u r p l u s f o r y e a r -------- . $ 5 ,1 7 2 ,7 4 2 $ 1 ,8 1 0 ,5 5 0 8 4 3 ,4 0 9 $ 1 1 ,6 8 0 ,0 4 4 6 ,7 8 7 ,3 0 3 1905. 2 ,0 2 8 3 7 6 ,0 5 1 1 7 0 ',9 2 5 2 4 ,6 0 8 3 9 ,4 4 8 $ 1 2 ,2 8 4 ,3 6 3 6 ,5 7 8 ,7 8 4 $ 5 4 0 ,0 3 7 $ 6 4 2 ,7 6 6 $ 1 ,1 7 1 ,1 4 4 $1 , 1 5 5 , 9 9 8 31 D ec. 1 9 0 7 .) sa y s: P a id S in c e J a n . 1 9 0 5 . BALAN CE O c t. 1 SH EET T o t a l ____________4 , 2 7 0 , 9 0 1 — 1907J u lV A pr. 1 1 Jan. 1 OF --------O c t. 1 31. DEC. 1907. L i a b i l i t ie s — $ C a p i t a l s t o c k ___ 4 , 0 0 0 , 0 0 0 A c c ts . p a y a b le .5 4 ,6 6 2 D iv id e n d J a n . 15 4 0 ,0 0 0 S u r p l u s __________ 1 7 6 ,2 3 9 1906. $ 4 ,0 0 0 ,0 0 0 1 2 7 ,6 4 2 4 0 ,0 0 0 2 3 0 ,8 4 6 T o t a l .................. - 4 , 2 7 0 , 9 0 1 4 ,3 9 8 ,4 8 8 1908 Jan. 1 4 ,3 9 8 ,4 8 8 D ir e c to r s : D . R . F organ , E . C . P otter, S. W . D am son , M . A . F a rr, G e o . C . P r u s s ln g , C . D . B . H o w e ll ( P r e s id e n t ), J . H . G r a y (T r e a s u r e r ), C . B . V e r N o o y ( V l c e - P r e s . ) , W i l l i a m S c h l a k e ( S e c . ) .— V . 8 4 , p . 3 4 1 , 3 3 7 . G E N E R A L IN V E S T M E N T R A IL R O A D S , D ie m th e s a id , F r e ig h t h e ld g re a t o v e r te n tio n o f to 1 J u ly IN C L U D IN G R a ilw a y C h a r g e .— Car in C h ic a g o n u m b e r o f 3 0 0 ,0 0 0 ), fo r e ig n id le to A a s p e c ia l 7 it fr e ig h t ca rs p ress A t th e fr o m 50 5 0 % v o te d , in o f in th e v ie w (n u m b e r in g , d ie m to fr o m of m e e tin g w a s ca rs p er d is p a tc h R O A D S . R ed u c tio n F e b . re d u ce fr e ig h t 1 90 7. o n N EW S, S T R E E T A s s o c ia t io n .— ch a rg e 2 5 ce n ts , C h ic a g o it fo r as is re p r io r sa y s: T h is a c t io n w a s ta k e n p e n d in g th e a p p o in t m e n t o f a c o m m is s io n o f fiv e t r a ffic e x p e r ts t o e x a m in e th e c o s t o f o p e r a t i on o f fr e ig h t e a rs t h r o u g h o u th e c o u n t r y , u p o n w h ic h t o b a s e a n e w p e r m a n e n t r a t e . A le t t e r b a llo t o i.t th e p r o p o s it io n w ill b e s e n t o u t t o th e 3 2 8 r a ilr o a d s w h ic h a re m e m b e r s In t h e a s s ,• e l a t i o n , t h e b a l l o t i n g t o c l o s e F e b . 2 5 ; 1 6 5 r e a d s , o w n i n g m o r e t h a n 1 , 6 0 0 , 0 0 0 f r e i g h t c a r s , m u s t v o t e f o r t h e 2 5 c e n t r a t e t o m a k e It e f f e c t i v e . ( S o m e d o u b t Is e x p r e s s e d a s t o w h e t h e r t h e p r o p s e d r e d u c t i o n w i l l b e r a tifie d . T h e N e w Y o r k N e w H a v e n «Sc H a r t f o r d H R . , I t Is s t a t e d , h a s b e e n d e b i t i n g I t s e lf a t t h e 5 0 - c e n t r a t e s in c e O c t . 1 1 9 0 7 , w h e n t h e c o m p a n y w it h d r e w fr o m t h e a s s o c ia t io n , t h e a m o u n t n o w a g g r e g a t in g a b o u t. $ 8 0 0 , 0 0 0 ; b u t Is n o t e x p e c t e d t o s e t t l e f o r m u c h m o r e t h a n h a l f t h a t a m o u n t .) C om p a re 2 2 1 , B a ld re p o rt a n d E a g le b e lo w .— V . o f N . B o s to n V a lie v 8 5 , p . (N . N . M a in e R R .— H . & H . R R . in V . M e r g e r .— 11R . 8 5 , S ee in p . V . 8 5 , p . 1 4 6 1 . P e n n s y lv a n ia R R . 7 2 1 . Y .) T h e Y . & R a p id co m p a n y T r a n s it b eg a n B r id g e T e r m in a l u n d e r a n e w 1 9 0 7 .) G e n e r a l R e s u l t s .— 'P ile g r .i s s e a r n i n g s f o r t h e y e a r w e r e $ 1 3 , 1 4 6 , 3 6 8 , t h e l a r g e s t In t h e h i s t o r y o f t h e c o m p a n y . F o r 1906 th e g r o s s e a r n in g s w e r e $ 1 1 ,6 8 0 ,0 4 4 . T il ls in c r e a s e w a s la r g e l y d u e t o t h e a c q u i s i t i o n b y le a s e o f t h e p l a n t s , p r o p e r t ie s a n d b u s in e s s o f t h e O g d e n G a s C o . a n d t h e U n iv e r s a l ( i a s C >. T n c s e l e a s e s w e r e a u t h o r i z e d t o b e m a d e b y t h e C i t y C o u n c i l In F e b . 1 9 0 0 , a n d w e r e a c t u a l l y m a d e a n d r a t if ie d b y t h e s t o c k h o l d e r s In F e b . 1907. In c o m m o n w it h b u s in e s s g e n e r a l l y t h e c o m p a n y w a s o b l i g e d t o m e e t a h i g h e r c o s t f o r h >th l a b o r a n d m a t e r i a l s d u r i n g t h e y e a r 1 9 0 7 . T h e su r p lu s e a rn in g s fo r th e y e a r , a ft e r d e d u c t in g b o n d I n te re s t, w a s $ 2 ,5 1 8 ,7 8 3 . T h i s Is e q u i v a l e n t t o 7 . 0 4 % o n t h e o u t s t a n d n g c a p i t a l s t o c k . A ft e r th e p a y m e n t o f d iv id e n d s a t th e ra te o f 0 % , a s u r p lu s fo r th e y e a r r e m a in s o f $ 5 4 0 ,6 3 7 . . , , F a vo ra b l • D e c isio n . - D u r i n g t h e y e a r t h e S u p r e m e C o u r t o f th e U n it e d S t a t e s u p h e l d t h e c o m p a n y ’ s c o n t e n t i o n o n t h e q u e s t l >ns I n v - l v e d In t h e r e a s s e s s m e n t , o r b a c k a s s e s s m e n t , o f t a x e s , w h i c h m a t t e r h a d b e e n l:i t h e c o u r t s s e v e r a l v e a r s , t h u s fin a ly d is p o s in g o f t h a t I m p o r t a n t li t ig a t io n . A d d it i o n s . - T h e p l a n t w a s s u b s t a n t i a l l y I n c r e a s e d d u r i n g t h e y e a r , d u e la r g e ly t> t h e a c q u ls it l m o f le a s e d p r o p e r t ie s th e t o t a l m ile a g e o f m a in s n >w b e i n g u p w a r d s o f 2 ,3 1 1 m i l e s , a n d t h e g a i n d u r i n g t h e y e a r . I n c l u d i n g ie a s e d m a in s , b e in g u p w a r d s o f 2 0 8 m ile s . T h e I n c r e a s e In t h e n u m b e r o f m e t r e s In u s e , I n c l u d i n g l e a s e d m e t r e s , w a s 5 4 , 3 2 6 , a n d In t h e n u m b e r o f g a s s t o v e s I n s t a l l e d , 3 1 , 5 7 5 , a n d In t h e n u m b e r o f a r e l a m p s , 1 5 , 1 0 8 , T h ere w a s a l o s s In p u b l i c s t i e e t l a m p s , t h e d e c r e a s e b e i n g 1 ,0 3 0 . S ta t i s ti c s — M ile s o f s t r e e t m a i n s . . M e t e r s --------------------------------G a s s t o v e s - - - ------P u b lic la m p s — G a s a rc la m p s — H o w e ll -1 9 0 6 A pr. J u ly 1H N one Jan. l 'A B r o o k ly n e n d in g 8 0 .7 5 2 ,6 7 4 C o. en d in g 1907. 1906. A sse ts— $ H e a l e s t a t e ............ 1 , 0 7 7 , 9 3 6 1 , 0 6 9 , 1 0 9 B ld g s . & m a c h - .2 ,5 3 8 ,3 3 3 2 ,5 5 0 ,6 0 7 A c c t s . r e c e iv a b le 1 3 3 ,0 0 5 3 9 3 ,0 2 1 B r ic k & s u p p lie s 4 3 9 ,0 0 0 2 9 1 ,9 4 5 C a s h & b ills r e c . 8 2 ,6 2 7 9 3 ,8 0 5 T e r m i n a l.— (R ep o rt B . B r ic k Y ea r D iv id e n d s ( % ) 8 5 9 , 2 0 1 ,3 4 1 F isc a l D . ------------- 1 9 0 5 A p r . J u ly O c f. 2 l'A 1M o f $ 7 4 8 ,8 5 5 T o t a l ..................... 8 1 , 7 2 4 ,7 5 2 O n e p ie c e o f re a l e s ta te w a s s o ld d u r in g th e y e a r a n d o n e p u r c h a s e w a s m ade. B u ild in g a n d m a c h in e r y a c c o u n t w a s r e d u c e d b y t h e s a le o f o ld m a c h in e r y . T h e e a r n in g s f o r th e y e a r w e r e $ 1 0 5 ,3 9 4 . T h e e a r n i n g s f o r t h e fir s t 10 m o n t h s o f th e y e a r w e r e n e a r ly e n o u g h t o m e e t th e d i v id e n d s d e c la r e d ( v l z .:f o u r q u a r t e r l y p a y m e n t s o f l % e a c h A p r il 1 5 . J u ly 1 5 a n d O c t . 15 1007 a n d J a n . 15 1 9 0 8 ,t o g e t h e r c a l l l n g f o r $ 1 6 0 ,0 0 0 — E d .) . T h e r e b u lld ln g o f th e p l a n t d e s t r o y e d b y fir e In O c t o b e r , e n t a i l i n g a lo s s o f $ 3 5 , 0 0 0 , a n d t h e l a c k o f b u s in e s s , a n d lo w p r ic e s f o r N o v e m b e r a n d D e c e m b e r , h a v e b r o u g h t th e r e s u lt a b o v e I n d ic a t e d . T h e s u m o f $ 5 4 ,2 3 5 w a s e x p e n d e d f o r b e t t e r m e n t s d u r i n g t h e y e a r a n d d o e s n o t a p p e a r In t h e s u r p l u s . A lth o u g h th e r e s u l t o f t h e y e a r ’ s w o r k Is f a r f r o m s a t i s f a c t o r y , t h e p l a n t s a s a w h o l e a r « In b e t t e r c o n d i t i o n t h a n e v e r , a n d o u r e f f o r t s t o k e e p t h e c o s t s a t t h e p r o p e r p o in t h a v e b e e n r e a liz e d . P er B A L A N C E S H E E T D E C . 31. 1 4 ,6 6 8 ,8 9 6 ( • I llin o is (R ep o rt fo r A s s o c ia tio n 9 5 1 ,8 0 6 T o t a l ...................... 1 4 ,9 0 8 ,2 0 2 — 80, p . 339. T o t a l ......................8 1 ,7 2 4 ,7 5 2 S 0 ,7 5 2 ,0 7 4 | A m e r ic a n 5 2 7 8 ,2 4 9 $ 1 1 3 ,7 0 2 $ 7 4 8 ,8 5 5 $1. DEC. N o te . — T h e s e c u r i t ie s , $ 2 ,2 4 2 ,4 0 3 , o w n e d a s a b o v e , c o n s is t o f m is c e lla n e o u s b o n d s , $ 6 0 ,5 0 0 ; G r e e n S t . p r o p e r t y , & c ., $ 1 5 1 ,0 0 4 ; 2 0 ,3 0 9 s h a r e s o f c a p i t a l s t o c k o f P e o p l e ’ s G a s L ig h t & C o k e C o ., $ 2 , 0 3 0 ,9 0 0 .— V . 8 5 , p . 1 2 7 2 . $ 3 ,3 5 5 ,0 0 0 31. DEC. SHEET 1907. 1906. | 1997. 1906. A sse ts— $ $ I L iabilities— $ S l t e a l c s t . , fr a n e h ’ s , (C a p it a l s t o c k ______3 5 , 0 0 0 ,0 0 0 3 5 ,0 0 0 , 0 0 0 t u n ’ ls , m a in s ,& c l '5 ,1 7 7 ,2 2 8 7 4 ,5 7 8 ,5 2 3 |M o r t g a g e b o n d s - .3 5 , 0 9 6 ,0 0 0 3 5 ,0 9 0 , 0 0 0 M a t e r i a l s ...... ............. 1 ,4 9 3 ,2 7 6 9 1 1 ,7 3 1 |G as b ill d e p o s i t s . . 1 8 4 ,9 2 8 2 4 6 ,3 2 4 S e c u r it i e s __________ 2 ,2 4 2 ,4 0 3 5 5 4 ,5 5 7 9 3 6 ,9 4 8 2 ,2 4 3 ,6 8 2 j A c c o u n t s p a y a b t e . 6 0 0 ,5 0 6 A c e ’ ts r e c e i v a b l e . 2 9 3 ,3 8 0 6 4 0 .6 3 4 j C o u p o n s p a s t d u e 2 7 8 .9 5 5 2 7 8 ,9 5 5 B on d co u p , d ep os’s 2 9 1 ,4 7 0 1 B o n d I n te r e s t a c 8 6 7 .1 3 2 G a s b ills r e c e iv a b l e 3 0 4 ,1 1 2 7 2 9 ,7 4 3 | o n u e d ____________ 3 0 6 ,1 9 2 7 7 ,2 2 7 O t h e r b ills r e c ’ b l e . 9 ,3 1 9 , 6 9 7 ,8 6 0 ,3 3 3 3 4 ,2 2 7 |S u r p l u s ___________ 9 1 ,3 2 2 ,6 6 4 | 9 S 7 .9 6 5 C a s h ........................... C o .— B r o o k ly n o p e r a tin g sy ste m o n th e B rid g e B r o o k ly n J a n . 2 6 . T h e c a b l e t r a c t i o n , w h i c h h a s b e e n In u s e e v e r s i n c e t h e b r i d g e w a s r p e n e d t o t r a f f i c , 2 4 y e a r s a g o , h a s b e e n a b a n d o n e d , a n d w it h It t h e o p e r a t i o n o f lo c a l b r id g e tr a in s . I n s t e a d t h e t r a i n s a c r o s s t h e b r i d g e n< w r u n t h r o u g h t o d e s t in a t io n o v e r v a r io u s lin e s o f t h e B r o o k ly n E l e v a t e d R U . s y s t e m , a n d i h e c h a n g e o f c a r s a t t h e B r o o k l y n e n d o f t h e b r i d g e Is a v o i d e d . In a d d i t i o n , s i x - c a r t r a in s r e p la c e t h e f iv e - e a r t r a in s o p e r a t e d w it h th e c a b le s y s t e m , a n d I t Is e x p e c t e d t > o p e r a t e t h e s e o n a h e a d w a y o f 6 0 s e c o n d s In th e rush h o u rs . T h e lo c a l t r a ffic a e r r s s th e b r id g e fr m te r m in a l t o t e r m in a l Is t o b e h a n d l e d b y s p e c i a l t r o l l e y e a r s r u n n i n g o n t h e b r i d g e r o a d w a y s . I t Is b e l i e v e d t h a t t h e n e w m e t h o d o f '• p e r a t l a n w i l l s h o r t l y p r o v e I ts g r e a t a d v a n ta g e o v e r th e o ld .— V . 8 5 , p . 1 08 2. B u ffa lo in g s fo r R o ch e ste r th e 3 a n d 6 & P it t s b u r g h m o n th s 3 m o s .— G ross. 1 9 0 7 . ............._____ $ 2 , 1 2 8 , 1 1 0 1 0 0 6 ____________________ 2 , 1 8 6 , 7 3 2 6 m os. 1 9 0 7 _____________ $ 4 ,1 5 3 ,1 9 1 1 9 0 6 ................................... 4 , 2 2 6 , 3 6 4 — V . 86, p. 336. B u ffa lo fo llo w in g S ou th ern w ere R y .— e n d in g D e c. E a rn w ere: N et. $ 5 1 9 ,7 1 4 8 2 3 ,8 3 9 O th . I n c . $ 2 2 7 ,7 1 * 1 5 ,9 2 7 C h a rges. $ 4 2 0 ,7 8 6 4 8 1 ,8 4 6 B a t .,s u r . $ 3 2 6 ,6 4 1 3 5 7 ,9 2 0 1 ,3 3 4 ,2 7 7 1 ,5 8 1 ,6 4 5 $ 3 7 7 ,6 5 7 2 6 ,7 3 3 $ 8 5 9 ,2 2 4 9 0 0 ,1 7 9 $ 8 5 2 ,7 1 0 6 9 8 ,1 9 9 R y . — S ec u r itie s r e c e n tly Q u a r t e r l y .— 31 A d v e r tis e d fo r S a le .— a d v e r tis e d fo r s a le a t T h e a u c tio n : ( a ) $ 1 7 0 ,0 0 0 B u f f a lo S iu t h e r n R y . fir s t m o i t g a g e 5 % b o n d s , d u e O c t . 15 1 9 3 4 ; O l d . 1 9 0 6 c i u p n s m i ; (6 ) 3 ,0 7 3 s h a r e s B u l l . i l > S o u t h e r n R v . . S 1 Of) c i c h ( c ) ; 3 1 3 4 , 1 0 9 B u f fa l'> S o u t h e r n R y . n o t e , d a t e d M a r c h 1 0 1 9 0 5 . p a y a b l e r n d e m a n d t'> t h e F i d e l i t y T r u s t C o . , $ 1 , 0 0 0 p a i d o n a c c o u n t o f p r i n c ip a l; In terest a t 0 % . (</) C e r t a i n a g r e e m e n t b e t w e e n t h e B u f f a l o S o u t h e r n R y . . A l c r i z o C . .M a t h e r a n d J o s e p h B . R u m s e y , d a t e d M a y 9 1 9 0 6 . — V . 8 2 , J). 1 1 5 5 . ' C en tra l o f G e o r g ia D iv id e n d s on S econ d tra l T ru st th e se co n d t h ir d fo r o f 8 5 , C ou rt p a y o f th e th e th e p . a t N ew m o rtg a g e m o rtg a g e q u est (V . C o . R y .— and in c o m e 5 2 9 , fu ll fis c a l Y o r k , in c o m e 6 5 3 ) 5 % to on y e a r fo r F e b . co m p e l d iv id e n d e n d in g o n to C om pel In c o m es as (to ta l th e 10 J u n e fo r th e s u ite cla s s e s 190 7. C en h o ld e r s $ 4 ,0 0 0 ,0 0 0 ), co m p a n y 5 % of 1 7 ,0 0 0 ,0 0 0 ) d is s a tis fie d tw o 30 P a ym en t 1 9 (1 7 .— T h e (to ta l file d th e th e fo r tru ste e b o n d s b o n d s c o m m itte e S a va n n a h S u its T h ir d in to a t th e o f a n d re b o n d h o ld e r s th e S u p e r io r d e c la r e o f in c o m e a n d b on d s 420 'L 'h c t o t a l a m o u n t s o u g h t t o b e c o l l e c t e d Is 8 2 8 8 , 9 7 0 , a d i v i d e n d o f 3 . 7 2 9 % , c a llin g fo r $ 2 6 1 ,0 3 0 , h a v in g b e e n p a id o n th e s e c o n d I n c o m e s , a s a g a in s t th e 5 % ($ 3 5 0 ,0 0 0 ) c la i m e d .— V . 8 5 , p . 1 3 3 8 . C h ic a g o U n ite d C in c in n a ti S ta te s a p p o in te d u p o n it s ta te d , & L o u is v ille C ir c u it J a m es P . a p p lic a t io n is o f C ou rt R R . — R e c e i v e r s h i p .— a t I n d ia n a p o lis G o o d r ic h G eorg e A . r e c e iv e r F e r n a ld fo r & o n F e b . th e C o . o f T h e 13 co m p a n y B o s to n , w h o a lle g e : G e o r g e A . F e r n a ld & C o . o w n 8 2 5 0 ,0 0 0 o f t h e c o m p a n y ’ s b o n d s a n d h o l d 8 3 8 0 . 0 0 0 m o r e a s c< U a t e r a l s e c u r i t y f o r l o a n s . T h e r e Is a f l o a t i n g d e b t o f 8 1 . 7 5 0 . 0 0 0 o u t s t a n d i n g a n d m o r t g a g e lie n s a g g r e g a t i n g 8 7 ,0 0 0 ,0 0 0 . M a n y o f th e s m a lle r c la im s a r e o v e r d u e .— V . 8 4 . p . 1 1 8 1 . C h ic a g o F a c t s .— o f L a k e T h is In d ia n a to D e c. fr o m M ic h ig a n g a g e th e 5 % a n d C a p ita l G a ry J . B . 15 a t C h ic a g o A a n d C ou rt e x te n d in g o f th e c o m p a n ie s th e 1, a g re e m e n t V . 8 6 , p . Y o r k 2 8 1 , fu n d in g lis te d Is la n d E x ch a n g e d a te t im e 4 % t im e , a d d it io n a l o f s a id a u th o r iz e d to b e th e th e o f A . lie n s . $ 5 ,0 0 0 ,0 0 0 ; sh a res, W ils o n , U n ite d d e p o s it $ 1 0 o ! b o th o f th e 20 g iv e n w h o fa ile d w ith d a te p a r tic ip a te a n d u n d e r ly in g a cco rd a n ce th a t C ir c u it sto ck s its sa m e in u n til to th e a n d 1 .— A u g . S ta te s o f C o . o f J a n . a re & P a c ific h a s lis te d b o n d s, $ 6 5 ,1 9 2 ,0 0 0 ; to p a r M . p a y a b le p r io r co m m o n , T r a c t io n o p p o r tu n ity m ortg a g e to fr o m N o is s u e d a te d in to to th e a v a il th e p la n . 2 2 8 . R o c k S to ck in o w n ers th e C h ic a g o fo r b e fo r e re o r g a n iz a tio n — file d U n io n th e m s e lv e s o f in te r e s t v ia m o rt 1 67 . tim e A u g . a b o n d s , T i m e to D e p o s it E x te n d e d to th e ir s e c u r it ie s 1 1 1 ., secu re a n tru stee. T r c a s ., la w s la r g e ly file d g o ld $ 1 ,0 0 0 ; o f th e K e n s in g to n , $ 1 ,0 0 0 ,0 0 0 ; b een C h ic a g o u n til to is s u e d , a n d 5 1 , h a v in g b o n d s d e p o s it p . R a ilw a y s .— s tip u la tio n r a ilw a y e le c tr ic m o rtg a g e o ffic e S e c. 8 6 , u n d er I n d ., fir s t a u th o r iz e d V . o r g a n iz e d a n T r u s t C o ., a s tr u s te e , t o H a n n a ; C le v e la n d .— R y .— B o n d s— F u rth er E a s t C h ic a g o , r e c e n tly p r e fe r r e d , n o n -c u m u la t iv e , P r e s ., w a s ow n s B e n d , a n d B e n d d e n o m in a tio n A u g . s to ck w h ic h 4 0 -y e a r 1907; 15 S o u th 1 9 0 1 , a n d C le v e la n d 15 F e b . & S o u th C ity , $ 6 ,0 0 0 ,0 0 0 A u g . S h ore co m p a n y , in c o m p le t e d o f R y .— d u e a n d L is t in g .— $ 3 ,6 0 0 ,0 0 0 1 9 3 4 , h as b u t p r io r to b o n d s w h en s o ld , m a k in g lis te d $ 7 2 ,2 9 0 ,0 0 0 . 1 N ew th e e m p o w e re d J u ly T h e a d d itio n a l m a k in g 1 9 0 8 , th e o f th e (C o m p a r e A p p lic a tio n o f $ 3 , 6 0 0 ,0 0 0 lie fu n d in g M o r tg a g e 4 % re to ta l lis tin g $ 7 ,0 9 8 ,0 0 0 to ta l a m o u n t V . 8 6 , p .2 2 8 .) B o n d s N o w L iste d . B a l a n c e o f $ 1 , 0 0 0 ,0 0 0 I s s u e d J a n . I 1 9 0 7 t o r e f u n d c o m p a n y ’s g e n . m t g e . b o n d s I s s u e d J a n . 1 1 9 0 7 f o r a d d i t io n s a n d l m p r o v e m ’ ts $ < jo o 0 0 0 T o r e fu n d C h o c t a w O k la h o m a & G u lf e q u ip m e n t n o te s m a tu r in g A u k . I 1 9 0 6 , F e b . 1 1 9 0 7 a n d A p r i l 1 1 9 0 7 - - ---------- - - - - - . 3 6 5 ,0 0 0 T o r e f u n d C . R . 1. & P . g o l d b o n d s o f 1 9 0 2 , s e r . U , d u e M a y 1 ’ 0 7 . 1 ,4 9 4 , 0 0 0 P a r t o f 8 2 , 5 0 0 , 0 0 0 I s s u e d F e b . 19 1 9 0 7 f o r a d d ’ n s a n d l m p r o v ’ t s . 8 4 1 ,0 0 0 A p p lic a tio n of $ 7 ,0 9 8 ,0 0 0 R ef. M tg e . 4 % to B e L is t e d P r i o r to .J u ly 1 1 9 0 8 . F o r a d d i t io n s a n d I m p r o v e m e n t s , b e in g r e m a in d e r o f $ 2 ,5 0 0 ,0 0 0 I s s u e d F e b . 1 9 1 9 0 7 ------------------------------------------------------------ ------------------------ - 8 1 , 6 5 9 , 0 0 0 F o r a d d i t io n s a n d I m p r o v e m e n t s , b e in g b o n d s I s s u e d J a n . t 1 9 0 8 . 2 ,5 0 0 0 0 0 T o r e fu n d C h o c . O k . & G u lf e q u ip , n o te s d u e A u g . 1 ’ 07 to A u g .’ 08 4 4 5 ,0 0 0 I s s u e d J a n . 1 190 8 to re fu n d C . H . I. & P . g e n . m t g e . b o n d s ju s t I s s u e d f o r a d d i t i o n s a n d I m p r o v e m e n t s ----------------------------1 ,0 0 0 ,0 0 0 T o r e fu n d C . R . I . & P . g o ld b o n d s o f 1 9 0 2 , s e r . F , d u e M a y 1 ’0 8 . 1 ,4 9 4 ,0 0 0 In com e A c c ou n t F iv e M o n t h s e n d in g N o v . 30 1907 $ 7 ,9 3 4 ,7 9 2 1 T o ta l In com e - - S u r p l u s ------------------ 8 6 6 0 ,0 9 1 4 123 6 62 1 ,’ 3 0 9 , 9 1 0 --* $ 1 ,8 4 1 ,1 2 9 * A d iv id e n d o f 1 % w a s p a id J a n . 2 1 90 8 o u t o f th e s u r p lu s as o f D e e 1 9 0 7 .— V . 8 6 , p . 2 2 8 , 3 3 6 . C h ic a g o & W e ste rn In d ia n a R R . — C a lle d ($ 8 0 ,0 0 0 ) g e n e r a l m o r t g a g e b o n d s tio n 1 a t 105 8 5 , p . 1 33 8. a re P . p a y a b le M orga n C o lo r a d o E x ch a n g e & lis te d n o tic e a m o u n t sh eet V . o f 8 6, th a t J u n e b u t p . 30 y ea rs lig h t in g ) to th e b e fo r in te r e s t a t b een N ew E ig h ty o ffic e to (O .) C o. R a ilw a y 1906 in a n d b o th (C e n tr a l M a rch 1907 & L ig h t 1 9 0 7 , y ea rs a d d o f in (V . C o .— in c lu d in g a n d M a rk et o f lis t e d th e T h e to ta l b a la n c e th ese th e a n d $ 2 ,5 0 0 ,0 0 0 b o n d s as t r e a s u r y .— 8 4 , p . R e p o r t .— lin e , R y .), 3 3 8 ) s in c e F or C o lu m b u s le a s e d S treet th e ta k en J u ly c a l E d is o n C o lu m b u s o v e r in C a l. Y ear. 19071906- G ross N et. o t h e r T a x e s , I n t ., D e p r e c . D iv iB a la n c e , E a r n in g s. E a r n in g s. In c. R e n t a l s ,A c . A c . d en d s. S u r p lu s. $ 2 , 2 3 8 , .> 4 8 $ 1 , 0 8 4 , 6 6 7 8 1 7 , 9 7 3 8 3 5 4 , 0 5 7 $ 5 7 , 0 0 2 8 7 5 , 0 0 0 $ 1 1 6 , 5 8 1 1 ,9 3 1 ,0 8 8 7 8 4 ,6 6 7 -5 7 7 ,4 0 2 6 9 ,4 1 9 1 0 0 ,0 0 0 3 7 ,8 4 6 1 1906: T h e d i v i d e n d s c h a r g e d a g a i n s t 1 9 0 7 In t h e f o r e g o i n g s t a t e m e n t I n c l u d e d i v i d e n d s N o s . 4 a n d 5 , n a m e ly , 1 % p a id J u ly 15 1 907 a n d y3 o f 1 % p a id O c t . 15 1 9 0 7 . A f u r t h e r y2 o f 1 % Is p a y a b l e t o - d a y ( F e b . 15) t o h o ld e r s o f record F eb. 3. T h e t o t a l s u r p lu s D e e . 31 1 907 w a s $ 2 2 7 ,2 8 8 , a ft e r b r i n g i n g f o r w a r d f r o m t h e p r e v i o u s y e a r t h e s u r p l u s a s o f D e c . 31 1 9 0 6 , o r $ 1 1 0 ,7 0 7 . P r e s i d e n t S h e l d o n s t a t e d t h a t t h e d i r e c t o r s , In d e c l a r i n g t h e d iv id e n d o f y 2 o f 1 % p a y a b le F e b . 1 5 , d id n o t t h in k t h e t im e h a d a r r iv e d t o m a k e s t a t e d d iv id e n d s o n th e s t o c k ( $ 5 ,0 0 0 ,0 0 0 — 2 0 % p a id I n ). D iv i d e n d s N o . 1 , 1 % , w a s p a i d J a n . 1 5 1 9 0 6 ; N o . 2 , 1 % , J u l y 16 1 9 0 6 ; N o . 3 1 % , J a n . 1 1 9 0 7 ; N o . 4 , 1 % J u ly 15 1 9 0 7 ; N o . 5 , y o f 1 % , O c t . 15 1 9 0 7 T h e t o t a l n u m b e r o f p a s s e n g e r s c a r r ie d , I n c lu d in g t r a n s fe r s , w a s 6 1 ,5 8 7 ,4 7 8 In 1 9 0 7 , a n I n c r e a s e o f 7 ,6 5 7 , 7 9 2 . — V . 8 6 , p . 2 8 4 . P r e s id e n t J oh n co m p a n y fo r 2 4 o n F e b . b u t a t a n d a ct 7 C ar S e r v ic e ca r B r o o k ly n L . H e in s , as req u est T r u s t s .— h is tru st b o n d s w h o th a t th e o f h e th e on B o a rd , w as a cco u n t o f co n n e cte d h as b een r e s ig n e d w o u ld it s th e w ith th e P r e s id e n t, p r e s id e n c y , r e m a in d is c h a r g in g a th e d ir e c to r d u tie s o f ch o se n . r e c e n tly p e r m is s io n is s t a t e d , a b o u t h a d is b e e n 1897 d ir e c to r s su ccessor fo r P r e sid e n t H e in s R e s ig n s .— h as s in c e A p p lic a t io n C o m m is s io n c o s t in g , it o f C h a ir m a n u n til R R .— y ea rs, a n d a n n o u n ce d th e P r e s id e n t & th e to m a d e is s u e p u rch a se $ 4 3 ,0 0 0 .— m o rtg a g e s T ru st C o . is s u e s o f o f N ew th e Y o r k , b o n d s, C o m m itte e — h a v e h e re to fo re sy ste m a s tru ste e , fo llo w in g b o n d h o ld e r s th e b o n d s o r th e th e co m m itte e o f a ll w it h O ld fo u r e it h e r C o lo n y h a s b een c o m p a n ie s , th e T ru st th e to e x e K n ic k e r secu re th e n a m e ly : D a ted . A u th o r iz e d . C u b a E a s t . R R . 1 st 6 % - . M c h . 1 9 0 3 $ 1 ,0 0 0 ,0 0 0 N o r th e a s te r n C u b a 1st 5 % 5 0 - y e a r g u a r a n t e e d -------- M c h . 1 9 0 5 1 ,0 0 0 ,0 0 0 C uba E a s te r n T e r m in a ls C o . 1st 6 % 3 0 -y r . g u a r .A u g . 1 00 5 _________ E a s t e r n R R . o f C u b a “ 1st & r e f .” M 6 % 5 0 -y r g o ld M c li. 1 90 7 (? ) th e to D e p o s its b e en N ew C o ., f? )9 0 0 ,0 0 0 _____ ____________ .................. .... (? ) a n d u rg es T ru st B o s to n , V . 8 2 , p . 161 2 0 0 ,0 0 0 o r g a n iz e d Y o r k C om pare— V . 7 6 ,p . 1355 Issu ed . $ 1 ,0 0 0 ,0 0 0 as to p r o te ct th e th e C o ., d e p o s it N ew d e p o s ita r ie s te rm s o f a b o n d h o ld e r s ’ a g re e m e n t d a te d J a n . 24 o f Y o r k , u n d er 1908: G e n e r a l C o m m i t t e e .— B e n j a m i n P . C h e n e y , C h a i r m a n ; G e o r g e P . H i l t o n , W i ll ia m B a r b o u r , T h o m a s J . V a il , W . H a r r is R o o m e , I . H . L e h m a n , C . IV . W a r n e r , P . C h a u n c e y A n d e r s o n , N . L .Z a b r t s l d e , M a n u e l C a r a g g o l, G e o r g e R . L e g h o r n , E d g a r V a n E t t e n , C u r t is G . M e t z le r , M o r t im e r S m it h , W illia m S . B la k e le y , w ith P . C h a u n c e y A n d e r s o n , a s S e c r e t a r y . E x e c u t i v e C o m m i t t e e .— G e o r g e P . H i l t o n , W i l l i a m B a r b o u r , W . H a r r is R o o m e , I . H . L e h m a n . B e n ja m in P . C h e n e y , C . W . W a r n e r , C u r t is G . M e t z l e r , w i t h W . H a r r is R i o m e , S e c r e t a r y . O ffic e o f c o m m it t e e , 20 B r o a d S tre e t. A n d “ W h e re a s , th e C u b a E a s te rn R R . C o . h as g u a r a n te e d th e p a y m e n t o f t h e p r i n c i p a l a n d I n t e r e s t o f t h e f i r s t m o r t g a g e 5 % g< i d b o n d s o f t h e N o r th e a s te rn C u b a R R . C o ., a n d o w n s a m a jo r it y o f th e c a p ita l s to c k t h e r e o f, a n d th e lin e o f r a ilr o a d o f w h ic h la t t e r c o m p a n y h a v in g b e e n c o m p le t e d o n o r a b o u t th e m id d le o f S e p t . 1 9 0 7 , n o o p p o r t u n it y o f d e t e r m in in g w h e t h e r o r n o t t h e o p e r a t i o n o f s a id lin e o f r a ilr o a d w ill b c c c m e p r o f i t a b l e h a s a s y e t p r e s e n t e d I t s e l f , In v i e w o f t h e f a c t t h a t t h e p e r i o d o f s i x m o n t h s f r o m J u l y t o D e c e m b e r in C u b a Is k n o w n a s t h e d e a d s e a s o n , w h e n b y re a s o n o f c lim a t ic c o n d it io n s , t r a n s p o r t a t io n o f p r o d u c t s to th e n n i r k e t s Is p r a c t i c a l l y a t a s t a n d - s t i l l ; a n d “ W h e r e a s , t h e r e Is a l a r g e H e a t i n g d e b t , o f w h i c h t h e r e a r e c e r t a i n p r e s s in g c la im s w h ic h w ill h a v e t o b e p r o m p t l y p r o v id e d fo r ; a n d " W h e r e a s , fo r th e p r o t e c t io n o f th e In te re st o f th e h o ld e r s o f b o n d s a b o v e re fe rre d to a n d to a v o id a n y p r e c ip ita te a c tio n o n th e p a rt o f p r e s s in g c r e d it o r s o r t h e a p p o i n t m e n t o f r e c e iv e r s , a n d t o e n a b le s a id c o m p a n ie s t o r e a liz e s u c h b e n e llt s a s s h a ll r e s u lt fr o m t h e o p e r a t i o n o f t h e r e c e n t ly c o m p le t e d lin e o f r a ilr o a d o f th e N o r t h e a s t e r n C u b a R R . C o ., a n d to c r e a t e f o r th e s e c u r itie s o f s a id c o m p a n ie s th e p rr p e r m a r k e t a b le v a lu e w a r r a n t e d b y th e p h y s ic a l c o n d it io n a n d e a r n in g p o w e r ( f t h e e n t e r p r is e , o r , if fo u n d n e c e s s a r y , t o e lT e e t a r e a d j u s t m e n t o r r e o r g a n i z a t i o n o f t h e a f f a i r s o f s a i d co m p a n ie s . t T n e c o m m i t t e e Is e r r . p o w e r e d , I f d e e m e d n e c e s s a r y , t o f u n d t h e c o u p o n s o n a n y o f th e d e p o s it e d b o n d s fo r a p e r io d n o t e x c e e d in g 2 H y e a r s fr o m M a rch 1 1 90 8. I f a p l a n o f r e o r g a n i z a t i o n o r f o r t h e s a l e o f t h e b o n d s Is p r e s e n t e d , t h e d e p o s i t i n g b o n d h o l d e r s w h o d i s s e n t t h e r e t o W ill b e g i v e n 2 0 d a y s lu w n l c h t o w i t h d r a w t h e i r b o n d s o n p a y m e n t o f a p r o r a t a s h a r e o f th e e x p e n s e s o f th e c o m m itte e . In a c ir c u la r d a te d N ew Y o r k J a n . 2 4 th e c o m m itte e sa y s: T h c s l t u a t l o n Is v e r y c u b i c a l . T h e r e a r c a n u m b e r o f c l a i m s , p a r t i c u l a r l y In C u b a , w h i c h a r e p r e s s i n g , a n t i s e i n e m e t h o d m u s t b e p r o v i d e d b y w h i c h th e y ca n b e ta k en ca re o f. T h e c o m m it t e e b e lie v e s th a t w ith a s u ffic ie n t ly la r g e n u m b e r o f b o n d s d e p o s it e d t h e y w ill b e a b le t o m a k e a r r a n g e m e n t s to a d ju s t th e se cla im s so th a t th e p r o p e r tie s ca n b e o p e r a te d a n d g e t th e b e n e fit o f t h e e a r n in g s d u r in g th e n e x t s ix m o n t h s , w h ic h a r e b y fa r th e m o s t lu c r a t iv e o f th e y e a r .— V . 8 6 , p . 3 3 7 . D e tr o it T o le d o E n l a r g e d .— m a d e V . a 8 6 , m e m b e r p . & Iro n to n E d m u n d R y .— S e y m o u r o f th e o f N o te -H o ld e r s ’ N ew n o te -h o ld e r s ’ Y o r k C o m m itte e w a s y e ste rd a y c o m m itte e . C om p a re 3 37 . E x e te r H a m p to n — T h is to a o n p ro p e rty d ecree N o v . 7 F o n d a & is e n tered 1 9 0 7 .— b y th e & S tre e t to b e R y .— s o ld S u p e r io r V . 8 2 , p . J o h n sto w n D e c. A m e sb u r y a d v e r tis e d S a le M a rch C o u r to f M a rch 1 0, 10. p u rsu a n t N e w H a m p s h ir e 1 1 5 6 . G lo v e r s v ille R R . — R e p o r t .— F o r y ea r 31: C a le n d a r G ross Year— E a r n in g s. 1 9 0 7 ............ - - . $ 7 9 2 , 5 8 2 1 9 0 6 - ......... .. 7 5 8 ,6 8 5 N et E a r n in g s. $ 3 8 2 ,9 8 0 3 7 0 ,6 7 8 o t h e r I n c ., F i r s t C h a rg es B a la n c e , N it. and T a xes. S u r p lu s. 8 1 9 .2 1 0 $ 3 6 3 ,0 6 5 $ 3 9 ,1 2 5 2 1 ,0 7 5 3 5 7 ,1 4 4 3 4 ,6 0 8 to th e $ 3 0 ,0 0 0 o f V . 8 5 , p . r o llin g 5 99 . G ra y ’s H a rb o r R a ilw a y B o n d s , E a r n in g s , & c .— o f it s th u s 0 00 fir s t m o rtg a g e b r in g in g th e W a rre n , 6 % to ta l a u th o riz e d . & T h e L ig h t b o n d s a m o u n t C o m p tr o lle r P a ., o n J a n . 22 C o ., co m p a n y A b e rd e e n , h a s is s u e d p r e v io u s ly h e ld o u ts ta n d in g M in e r D . W a s h .— th e u p in to C ra ry , $ 1 5 0 ,0 0 0 reserv e, th e w r itin g $ 5 0 0 , fr o m 1 9 0 8 , sa y s: I n a d d i t i o n t o t h e 9 y 2 m i l e s p r e v i o u s l y In o p e r a t i o n b e t w e e n A b e r d e e n , H ( q u l a m a n d C o s m o p o l l s , t h e c o m p a n y h a s j u s t p l a c e d In o p e r a t i o n a f e e d e r o f o n e m i l e in H o q u l a m , a n d w i l l c o m p l e t e a s i m i l a r a d d i t i o n a l m i l e o f t r a c k In A b e r d e e n w i t h i n a s h o r t t i m e . T h e c o m p a n y Is b u i l d i n g n e a r t h e c e n t r e o f its t e r r i t o r y a n e n t i r e l y n e w p w e r p l a n t , a n d o n t td s s a m e t r a c t o f la n d w ill u l t i m a t e l y c o n s o l i d a t e a ll Its p l a n t s , s h o p s , & e . T h ese v a r io u s a d d it io n s a n d im p r o v e m e n t s w ill c a u s e t h e e x p e n d it u r e o f a n a m o u n t In e x c e s s o f $ 1 5 0 , 0 0 0 o v e r a n d a b o v e t h e $ 1 5 0 , 0 0 0 b o n d s r e c e n t l y ta k en d o w n . u n d er le a s e C o n e y Is la n d b o ck e r R R .— B o n d h o ld e r s’ as t h e s e v e r a l c o m p a n ie s in fo llo w in g S to ck to ta l m a k in g $ 1 9 ,5 2 1 ,9 1 7 w ere Y o r k th e $ 2 0 ,0 0 0 ,0 0 0 . th ereof b y e n d in g re d e m p “ r e fu n d in g m a k in g is s u e d , lis te d E a stern In a sm u ch — V . 8 0 , p . 650. co m m itte e sh o w e d $ 1 ,4 1 3 ,8 0 4 C o. T r a c t io n to B o n d s .— d ra w n a d d itio n a l b o n d s, h a v e 1907 a n d cu te d 31 2 2 8 . C o lu m b u s en d a r 4 y > % th e y 1882 R y . — L i s t e d .-— - T h e p o w e r a u th o r iz e d is s u e d , V . $ 7 ,5 0 0 ,0 0 0 m o rtg a g e $ 1 7 ,5 0 0 ,0 0 0 , w it h on M a rch C o .— S ou th e rn h as e x te n s io n ” o n & o f C u b a C a ll e d .— (C o m p a n y a lo n e). S 2 5 , 5 S 2 , 7 1 0 |T a x e s -----------------------------S 7 ,5 0 2 , 8 2 6 | I n t e r e s t a n d r e n t a l s 4 3 1 , 0 6 6 |D i v i d e n d , 1 i i % O c t . I . . G r o s s e a rn in g s - N e t e a r n i n g s ---------O t h e r I n c o m e -------- J . [VOL. LXXXVI. THE CHRONICLE. In te r e s t C a le n d a r G ross O p e r .E x . N et B a la n c e , C h a rg es. Year— E a rn s. A ta x es. E a rn s. S u r p lu s. $ 2 4 ,7 1 9 1 9 0 7 -----------------------$ 1 9 3 , 7 4 4 $ 1 0 5 ,2 7 3 $ 3 8 ,4 7 1 $ 6 3 ,7 5 2 2 1 ,0 6 9 1 9 0 6 ------------------------- 1 5 0 , 0 7 2 7 4 ,9 2 7 7 5 ,1 4 5 5 4 ,0 7 6 06 4 1 9 00 05 ----------------------5544, 1, 14455 o5 a2 ., 2 z o5 a4 z2 .3j ., u oa 2 9 ,1 9 0 . - ......................... 1 0 6 , 3 9 9 O f f i c e r s — G e o r g e F . S t o n e o f S e a t t l e Is P r e s i d e n t ; J . II. B r i d g e s , V i c e P r e s i d e n t , a n d J . T ). C r a r y , S e c r e t a r y a n d T r e a s u r e r , b o t h o f A b e r d e e n . W ash . T h e s e , w it h D . W . B e a ty a n d J e r r y C r a r y o f W a r r e n , P a ., c o n s t i tu te th e b o a r d o f d ir e c to r s . C om pare V . 83, p. G u lf T h e L in e fo llo w in g R a ilw a y , o ffic e r s G e o r g ia .— a n d d ire c to rs D ir e c to r s a re and O f f i c e r s .— a n n o u n ce d : D ir e c to r s : C . A . A lfo r d , J . H . H lllh o u s e , J . S . W e s t b e r y , T . E . L o v c J ov, J . P . M cR a e , W . L . H . A lfo r d , J . L . E v a n s. O ffic e r s : C . A . A l fo r d , P r e s id e n t ; J . H . H lllh o u s e , V ic e -P r e s id e n t , C . H . R e y n o ld s , S e c r e t a r y a n d T r e a s u r e r .— V . 8 5 , p . 9 2 1 . H u n tin g d o n E a r n in g s .— Sc B ro a d Y ea r— G ross. 1 9 0 7 -------------------------$ 8 8 1 , 6 8 6 1 9 0 6 .................. ........... 8 4 1 , 3 4 9 — V . 8 4 , p. 1551. Illin o is C en tra l T o u c h in g th e b o n d s u se fo r T o p M o u n ta in F o r th e y e a r e n d in g N et. $ 3 1 7 ,3 6 9 3 1 2 ,3 0 5 as C h a rg es. $ 1 0 6 ,1 0 0 1 0 0 ,1 9 0 R R .— E q u ip m e n t p r o p o s itio n c o lla te r a l to R R . C oa l Sc C o .— D o c. 31: is s u e p e n d in g l ’ r e f. D i v s . ( 7 % ) $ 1 4 0 ,0 0 0 ( 7 % ) 1 5 0 ,0 0 0 B onds as B a L .s u r . $ 7 1 ,1 7 9 5 0 ,1 1 5 C o lla ter a l.— $ 3 0 ,0 0 0 ,0 0 0 a rra n g em en ts e q u ip m e n t fo r p e rm a P u b lic n e n t o f, T h e I l l i n o i s C e n t r a l h a s a b o u t $ 4 0 , 0 0 0 , 0 0 0 In v a l u e o f e q u i p m e n t , f r e e o f lie n , a n d th e d ir e c t o r s h a v e c o n s id e r e d a u t h o r iz in g e q u ip m e n t b o n d s a g a i n s t p a r t o f t h i s , t o b e h e l d In t h e t r e a s u r y a n d u s e d o n l y a s c o l l a t e r a l u n t i l a s t o c k h o l d e r s ' m e e t i n g , a t w h i c h a ll t h e s t o c k c a n b e r e p r e s e n t e d . 6 % sto ck fin a n c in g , V ic e -P r e s id e n t H a ck s ta ff o n T h u rs d a y s a id ; THE CHRONICLE. Feb. 15 1908.1 w h en the Issue o f s to c k o r b o n d s , o r b o t h , as m a y then seem b e st, m a y be a u th o r iz e d b y v o t e o f all th e sto c k h o ld e r s. Concernlnp: th e flo a tin g d e b t . It Is p ertin en t to sa y th a t n early all o f It w a s Incurred in enterprises o r ig in a te d u n d er the fo rm e r P re s id e n t: n e a rly all o f the b alan ce n ot so crea ted Is fo r e q u ip m e n t, the p u rch a se o f w h ich h e fa v o r e d and v o te d fo r since Ills r e tir e m e n t from th e p r e s id e n c y .— V . 86, p . 387 , 285. Indianapolis Columbus & Southern Traction Co.— N ew O fficers .— Hugh T. Hiller, having resigned as Secretary and Treasurer and also as a director, Ira E. Guthrie, who has been Auditor, was elected Secretary and Treasurer and Mrs. Harriet C. Irwin, wife of President Joseph I. Irwin, was elected a director. T h e d irectors are M r. and M rs. Irw in , M r. and M rs. 7.■ T . S w een ey and W illia m G . Irw in . M rs. 7 . T . S w e e n e y Is the d a u gh te r o f M r. J o se p h I . I r w in , an d all o f the d irecto rs are o f his fa m ily , th e s to c k b ein g ow n ed en tire ly b y th e fa m ily .— V . 7 8 , p . 1446. International Traction Co. (Buffalo, N. Y .) — A n n u al In come A ccount .— For International R y ., Crosstown Street R y. and Electric City R y.. including fixed charges of Inter national Traction Co.: C a lenda r Y ear. 1907. 1900 Gross E a rn in g s. N et E a r n In n s. $2,0 1 7 ,5 5 4 $ 5 ,3 8 0 ,4 3 7 4 , 9 7 2 , 0 828,087.702 . O th er In com e. 581,81.1 09,111 A ll C h a rg es. SI ,787,100 1,091,950 Reported Negotiations. -See Mohawk Valley Co V. 85, p. 1576. Jacksonville (Fla.) Electric Co.— Acquisition B alance. S u rp lu s S 3 ’ 2,201 404 ,854 below. See North Jacksonville Street Railway, Town & Improovement Co. below.— V . 81, p. 211. Junction Railroad, Philadelphia. ■ Merger.—See Pennsylvania R R . below.— V . 85, p. 221. Kansas City Mexico & Orient R y .— Road Operated.— See "N e w Construction” on this road in editorial department on a preceding page.— V . 86, p. 168. Louisville & Nashville R R .— Circular Regarding Extra Dividend and Louisville Property Co.— A circular has been issued respecting the extra dividend of 1 % which was paid to the shareholders on Feb. 10 in the stock of the Louisville Property Co. (compare V . 86, p. 229). The circular says: T h e L o u i s v i l l e P r o p e r t y C o . Is a K e n t u c k y c o r p o r a t i o n , a u t h o r i z e d t o o w n a n d d e a l In p r o p e r t y , r e a l a n d p e r s o n a l, a n d th e e n tir e c a p it a l s t o c k , a m o u n t in g to $ 5 0 ,0 0 0 , w a s o w n e d b y th e L o u is v ille A N a s h v ille H U . C o . I t h e ld m a n y p a r c e ls o r t r a c t s o f la n d a d o p t e d t o t h e u s e s o f t h e r a ilr o a d c o m p a n y , a n d a ls o o w n e d c o n s id e r a b le b o d ie s o f c o a l la n d s , lo c a t e d c h ie fly In K e n t u c k y . I t w a s la r g e ly I n d e b t e d to th e r a ilr o a d c o m p a n y f o r a d v a n c e s o f fu n d s . B e c a u s e o f th e e a r ly o p e r a t io n o f th e p r o v is io n s o f th e H e p b u r n A c t a g a i n s t t h e t r a n s p o r t a t i o n o f c o a l In w h i c h t h e c a r r i e r h a d a n I n t e r e s t , d ir e c t o r In d ir e c t, a n d b e c a u s e It w a s o t h e r w i s e d e s i r a b l e f o r t h e c l o s e r e l a t i o n s b e t w e e n t h e t w o c o m p a n i e s t o b e s e v e r e d , It w a s d e c i d e d t h a t t h i s c o u ld b e s t b e d o n e b y d iv id in g th e In te re s t h e ld b y t h e r a ilr o a d c o m p a n y In t h e L o u i s v i l l e P r o p e r t y C o . a m o n g its o w n s t o c k h o ld e r s . T o th is e n d t h e i n c r e a s e In t h e c a p i t a l i z a t i o n o f t h e p r o p e r t y c o m p a n y f r o m $ 5 0 , 0 0 0 t o $ 0 0 0 ,0 0 0 w a s t a k e n b y t h e r a ilr o a d c o m p a n y , a n d c e r t a in c o n v e y a n c e s o f l a n d w e r e m a d e , in o r d o r t h a t t h e I n d e b t e d n e s s o f t h e p r o p e r t y c o m p a n y t o th e r a ilr o a d c o m p a n y s h o u ld t h e r e b y b e r e d u c e d . T h e sh a re s o f th e L o u i s v i l l e P r o p e r t y C o . a r e f u l l v p a i d a n d n o n - a s s e s s a b l c , a n d It Is b e l i e v e d t h a t t h e y a r e r e a s o n a b ly w o r t h t h e ir p a r v a l u e , If n o t m o r e . Earnings.— In the earnings for the half-year ending Dec. 81 reported last week (page 337) the company includes in the item of “ total charges against income” the sunf of $984,430 expended for additions and betterments in 1907, against $836,122 in 1906.— V . 86, p. 337, 285. Low Fare R y ., Cleveland.— Unfavorable Decision.— The Supreme Court of Ohio on Feb. 4 affirmed the decision of the lower courts holding invalid the ordinance of April 27 1907 granting the company a franchise over the Central and Quincy avenues S. E . route. Compare V . 85, p. 160. Macon Railway & Light Co.— Report.— For calendar years: C a len d a r Y ears — G ross E a rn in g s. 1907 $ 3 5 5 ,3 8 7 1900 2 9 0 ,3 4 5 T o t a l s u r p l u s D e c . .31 N et E a rn in g s. In t. and T a xes. D lv . on P r s f. B a la n ce, (6%). S u rp lu s. $ 1 4 9 ,2 ( 5 8 $ ( 5 7 ,2 0 0 $ 1 7 ,0 1 0 1 0 5 ,0 0 2 5 9 ,5 4 7 1 7 ,0 1 0 1 9 9 7 w a s $ 2 0 5 ,5 1 6 — V . 8 5 , p . 1 0 0 5 . $ 0 4 ,9 9 0 2 8 ,4 4 0 Manchester (N. H .) & Derry ‘Street R y .— Guaranteed Bonds Sold.— This company, which owns an electric railway extending from Goffs Falls to Derry, N. H ., about 8 1-3 miles, has made a first mortgage to the American Trust Co. of Boston as trustee to secure an issue of $500,000 first mort gage 20-year 5 % gold bonds, of which $125,000 have been •sold at private sale to one investor. They are guaranteed, principal and interest, by the Manchester Traction, Light & Power Co., the owner.of the entire $125,000 capital stock. B on d s d a te d D e c. 2 190 7, d u e D e c. 1 1927. I n te r e s t p a y a b le J u n e a n d D e c e m b e r a t o f f i c e o f t r u s t e e . O f t h e I s s u e , $ 3 7 5 , 0 0 0 Is r e s e r v e d f o r a d d l t la n s a n d I m p r o v e m e n t s . C o m p a n y w a s I n c o r p o r a t e d S e p t . 19 1 9 0 6 u n d e r N e w H a m p s h ir e la w s a s D e r r y & G o ffs F a lls S t r e e t R y . C o . N am e ch an ged a s n o w F e b . 10 1 9 0 7 . P r e s i d e n t , H a r o l d L . B u f f i n g t o n , L y n n , M a s s .; T re a su re r , H u g h J . P r itc h a r d , B o s to n . Manchester (N. H .) Traction, Light & Power Co.— Sale of Guaranteed Bonds.— See Manchester & Derry Street Ry. above.— V. 83, p. 1590. Maritime Coal Railway & Power Co.— Acquisition.— This company, recently purchased certain property of the Canada Coal & Railway Co., including the Joggins R y ., which extends from Maccan to Joggins, 12 miles. The “ Engineering & Mining Journal” of Dec. 21 said: A t a s p e c i a l g e n e r a l m e e t i n g h e l d In M o n t r e a l D e c . 7 f o r t h e p u r p o s e o f r a t l f y l n g a n e w b o n d Is s u e , D a v id M it c h e ll, G e n e r a l M a n a g e r o f t h e M a r it im e C o a l , R y . A P o w e r C o . , s t a t e d t h a t d e v e l o p m e n t w o r k In t h e c o l l i e r i e s w a s b e in g r a p id ly p u s h e d . A t t h e c o l li e r y a t C iile n e c t o t h e m a in s h a ft h a d b e e n s u n k a fu r t h e r d i s t a n c e o f 5 0 0 f e e t , a t w h ic h p o i n t l e v e l s w ill b e o p e n e d t o w o r k a 6 - f o o t s e a m o f firs t c l a s s c o a l . T h e n ew s lo p e o n th e p r o p e r t y t a k e n o v e r f r o m t h e C a n a d a C o a l A R y . C o . Is d o w n 7 0 0 f e e t a n d a b o u t 00 t o n s o f c o a l p e r d a y a re b e in g r a is e d . T h e s lo p e w ill b e d r iv e n a d is t a n c e o f 1 ,7 0 0 f e e t a n d l e v e l s r u n . Maryland & Pennsylvania R R .— Report.— Cal. year 1907: C a l. Y ear — G ross E a rn s. N et Incom e. Int. on 1st M . Bds. In t. on In com "s. M ls c . B a la n ce, D ed u cs. S u rp lu s . 1907 .. $ 3 8 5 ,0 5 4 $ 1 3 3 ,4 8 7 $ 4 6 ,0 0 2 $ 3 0 ,0 0 0 $ 1 ,8 2 9 $ 4 9 ,(5 5 5 1 9 0 0 ________ 3 5 4 , 3 5 4 1 1 0 ,8 5 7 4 0 ,0 0 2 3 6 ,0 0 0 1 ,0 9 9 3 3 ,7 5 5 F r o m t h e a b o v e s u r p l u s <-f 3 4 9 . 6 5 5 In 1 9 0 7 w e r e d e d u c t e d t h e fo llo w in g 71 t t - m s , v i z . : B e t t e r m e n t s , $ 2 8 , 7 0 4 ; s e t t l e m e n t o f o l d c a s e , $ 1 , 2 1 0 ; p a y m e n t 4 21 o n a c c o u n t o f e q u ip m e n t t r u s t , $ 5 ,0 0 0 , a n d d e p r e c ia t io n o f e q u ip m e n t , $ 5 ,6 3 4 ; le a v in g b a la n c e , s u r p lu s , o f $ 1 1 ,1 0 7 . T o t a l s u r p lu s D e c . 31 1 9 0 7 , a s p e r b a la n c e s h e e t , $ 4 4 ,1 8 8 .— V . 8 4 , p . 3 9 0 . Missouri Kansas & Texas R y .— Decision on Texas Intan gible Tax Law.— Judge Nash in the Fourteenth District Court at Dallas, T ex ., on Feb. 1 decided that the Act of the Thirtieth Legislature authorizing the State Tax Board to fix the intangible assets of corporation.^(at their full market value is valid. I n o r d e r , h o w e v e r , t o e q u a liz e t h e t a x o n t h e I n ta n g ib le w it h t h a t o n th e t a n g i b l e p r o p e r t y , It Is h e l d t h e c o m p a n y s h o u l d n o t b e c o m p e l l e d t o p a y t a x e s o n I t s I n t a n g i b l e p r o p e r t y In D a l l a s C o u n t y a b o v e 6 6 2 - 3 " ,', o f I t s f u l l re a l v a l u e ($ 1 ,1 0 9 ,3 0 0 ) a s fix e d b y t h e S t a t e T a x B o a r d .— V . 8 6 , p . 5 2 . Mohawk Valley Co.— Rumors.— Reports have long been current that this company, which is controlled by the Andrews-New York Central syndicate, contemplated the ultimate acquisition of the International Traction Co. of Buffalo. The “ Utica Herald” of Jan. 16 said: I t Is n o w p r a c t i c a l l y c e r t a i n t h a t t h e M o h a w k V a l l e y C o . , w h i c h Is In r e a l i t y t h e A n d r e w s - V a n d c r b l l t t r o l l e y s y n d i c a t e . Is m a k i n g n e g o t i a t i o n s f o r t h e t a k i n g o v e r o f t h e I n t e r n a t i o n a l R y . C o . o f B u f f a l o t o a d d t o Its C e n tr a l N e w Y o r k s y s t e m o f t r o lle y lin t s . I t Is b e l i e v e d t h a t t h e n e g o t i a t io n s a r e w e ll under w ay, and t h a t t h e y w ill b e c o n c lu d e d t h is y e a r . T h e f H e w in g d ir e c t o r s w e r e e le c t e d a t t h e m e e t in g c f t h e M o h a w k V a ll e y C '. t h i s n o o n : H o r a c e K . A n d r e w s , J o h n C a r s te n s e n , A lb e r t H . H a r r is , W a lt e r N . K e r n a n , E . V . W . R - s s l t e r , W illia m C . B r o w n , W . K . V a n d e r b ilt J r .— V . 8 3 , p . 1 56. Newport & Fall River Street R y .— Bonds Offered.— Perry, Coffin & Burr, Boston, are offering at 91 and interest a block of the consolidated mortgage 4 ) ^ % gold bonds, dated 1904 and due July 1 1954. A circular says: T h e p r o p e r t y Is l e a s e d f o r 9 9 y e a r s f r o m J u l y 1 1 9 0 1 t o t h e O l d C c l o n y S tre e t K y . C o . (th e o p e r a t in g c o m p a n y s o u th c f B o s to n o f th e M a s s a c h u s e tts E l e c t r i c C o m p a n i e s ) , t h e le s s e e g u a r a n t e e i n g p a y m e n t o f I n t e r e s t o n t h e N e w p ,r t A F a l l R i v e r C o m p a n y ’ s b o n d s a n d 6 % d i v i d e n d s o n Its s t o c k . T h e be n d s o f f e r e d a r e p a r t o f a t o t a l a u t h o r i z e d I s s u e o f $ 1 , 0 0 0 , 0 0 0 , o f w h ic h $ 4 7 7 ,0 0 0 a r e n o w Is s u e d ; $ 3 5 4 ,0 0 0 a r e r e s e r v e d t o r e t ir e $ 3 5 3 ,5 0 0 o f p r e v i o u s Is s u e s n e w o u t s t a n d i n g : a n d S 1 6 9 ,0 0 0 a r e h e l d In e s c r o w t o p a y n o t t o e x c e e d o n e -h a lf o f th e c o s t o f fu r t h e r a d d it io n s t o th e p r o p e r t y . (C o m p a r e p a g e 15 o f ‘ ‘S t r e e t R a il w a y S e c t i o n .” — V . 7 9 , p . 1 4 6 2 . New York & Brooklyn R R .— See Long Acre Electric Light & Power Co. under “ Industrials” below.— V . 76, p. 48. New York New Haven & Hartford R R .— Quarterly.— For 3 and 6 months ending Dec. 31 earnings were: T h ree G ross M o n th s. E ir n ln g s . 1 9 0 7 ............ $ 1 4 , 1 3 0 , 0 1 4 N et E .t r n l n g s . $ 3 ,8 9 5 ,7 5 0 O th er In com e. $ 1 ,3 8 3 ,1 3 3 F ix e d C harges & T a xes. $ 4 ,6 2 3 ,5 6 0 B a la n c e , S u r p lu s . $650,323 1 ,844,668 1906. . 14,027,309 5,050,309 540 ,289 3,7 4 5 ,9 3 0 6 M o n th s— $9,100,344 $ 4,472,476 $ 9 ,346,795 $ 4 ,2 2 6 ,0 2 4 1907 $ 2 9 ,511 ,11 3 10,422,355 1,122,208 190 6............ 2 8 ,3 6 ,993,615 . 2 6 ,9 . 28 . . 4 ,5 5 1 ,0 0 8 D iv id e n d s p aid fo r th e six m o n th s in 1907 ( 4 % ) as re p o rte d b y th e c o m p a n y o n an a v e ra g e o f $10 9 ,4 8 3 ,5 0 0 s to c k call fo r $ 4 ,3 7 9 ,3 4 0 ,le a vin g a d c llc lt fo r the p e rio d c f $15 3,31 5. T h e d iv id e n d fo r the q u a rte r e n d in g o n th e d a te n am ed ( 2 % > , If assum ed to be p aid on the sam e am t unt < f s t o c k , w o u ld requ ire a d isbu rsem en t o f $ 2 ,1 8 9 ,0 7 0 . T h e ba la n ce s h c e t o f D e c. 31 1907 sh ow s $ 1 2 1 ,8 7 8 ,1 0 0 sto ck Issued, b u t o f this $ 1 9 ,0 7 5 ,0 1 5 w as held In the treasu ry o f the c o m p a n y o r Its c o n tro lle d p ro p e r tie s , le a v in g a p p a r e n tly $ 1 0 2 ,8 0 2 ,4 8 5 o u ts ta n d in g In the han ds o f the p u b lic . T h e greater p a rt, at le a st, o f th e d iv id e n d s p aid on treasury s to c k Is p re su m a b ly returned to th e c o m p a n y , fo rm in g part o f th e Item o f “ o th e r In c o m e .” L isted .—The New York Stock Exchange has listed: ( D D e b e n s. o f .V . Y ..V .11 .& .H .R R . and B on d s and D eb en s. o f C o s . M erged T h erein . H eld by 4 % d e b s , d u e 1 9 5 5 ................... 3 ,6 9 1 ,0 0 0 Debentures N .Y .N .H .A H .R R . P u b l ic . 4 % d e b s . , d u e 1 9 5 0 . ____ 2 ,1 0 8 ,0 0 0 Non-convert. 4 % , due 1914.$5,000,000 l i a r . R l v . A P o r t . 1st M 4 s, Non-convert- 4 % , dun 1947- 5,000,000 d u e 1 9 5 4 ............................... r $ l 1 .0 5 8 ,0 0 0 Non-conv. 3 \ i % , due 1947. 5,000,000 N . Y . P r o v . & B o s . g e n .M . 4 s . 1 ,0 0 0 ,0 0 0 Non-oonv. 3J^% , due 1954,10.000.000 P r o v . A S p r I n g .l s t M .5 s ,d u e ’ 2 2 7 5 0 ,0 0 0 N o n - c o n v . 4 % , clu e 1 9 5 5 .1 5 ,0 0 0 ,0 0 0 N a u g a tu c k R R . l s t M . 4 s , d u e ’ 5 4 2 ,5 0 0 ,0 0 0 N o n - c o n v . 4 % , clu e 1 9 5 6 . 1 5 ,0 0 0 ,0 0 0 B o s .A N . Y . A l r l .l n e l s t M c l s . # 1 ,5 7 5 ,0 0 0 C onv. % , d u e 1 9 5 0 ____ r l 3 . 0 1 0 . 9 0 0 P r o v . T e r . C o . 1st M . I s . . . z 4 ,0 0 0 ,0 0 0 D e b e n t u r e s C o n s o l. R y . C o .— W o r . A C o n n . E . 1st M . 4>.$s 1 ,9 9 2 ,0 0 0 4 % d e l ) ., d u e 1 95 4 . _ . . . 4 ,3 5 1 .0 0 0 W in c h e s . A v . R R . 1st M . 5 s . 5 0 0 ,0 0 0 3% , 3H % a n d 4 % d e b s .. i N . H a v . S t . R y . 1 st M : 5 s . . . 0 0 0 ,0 0 0 clu e 1 9 3 0 _________________ _ 1 ,0 0 0 ,0 0 0 H a r t f . S t . R y . 1 st M . Is . 2 ,5 0 0 ,0 0 0 (2 ) B on ds o / S ubsid iary C o s. N o t M erged in N . Y . X . H . A- Hartford R R . C o. N . V . A N . E n g la n d R R . ; N . E n g . R R . c o n s .M .6 s , g u . . 5 7 , 5 0 0 ,0 0 0 B o s . T e r . 1st M . 4 s , d u o ’ 3 9 - $ l ,5 0 0 , 0 0 0 i Do c o n s . M . 4s ( g u a r . ) . 1 0 .0 0 0 ,0 0 0 N o te .- A u t h o r i t y Is a ls o g iv e n t o lis t— v A n a d d i t io n a l $ 1 0 ,9 8 9 ,1 0 0 3 H % c o n v e r t i b le d e b e n t u r e s d a t e d J a n . 1 1 9 0 6 ( a lr e a d y s u b s c r i b e d ) w h e n p a id tor In fu ll, p r io r t o J u ly 1 1 9 0 8 , c o m p le t i n g t h e Issu e o f $ 3 0 ,0 0 0 ,0 0 0 ( V . 8 1 , p . 9 7 0 . 1 4 9 3 .) A ls o p r io r t o J a n . 1 1 9 0 9 If a n d a s s o l d — x H a r le m R l v e r - P o r t c h e s t c r D l v . 4 s, $ 3 ,9 4 2 ,0 0 0 , b e in g re m a in d e r o f $ 1 5 ,0 0 0 ,0 0 0 a u th o riz e d . ( / B o s t o n A N . Y . A i r L in e 1st 4 s, $ 3 ,4 2 5 ,0 0 0 , n m a l n d e r o f $ 5 , 0 0 0 , 0 9 0 Is s u e . T h e la s t a n n u a l r e p o r t s h o w e d $ 3 ,7 7 7 ,0 0 0 o f thcs> n o n o s t o h a v e b e e n is s u e d , b u t It a p p e a r s t h a t a p a r t o f t h is a m o u n t h a d n e v t r a c t u a ll y p a s s e d c u t o l th e p o s s e s s io n o f t h e p a r e n t c o m p a n y . ( V . 8 1 , p . 1 2 4 1 , 1 4 9 2 .) z P r o v id e n c e T e r m in a l 1 st M . 4 s , $ 3 ,5 0 0 ,0 0 0 . t o in c lu d e t h e e n t ir e $ 7 ,5 0 0 ,0 0 0 Issu e ( V . 8 2 , p . 0 2 9 .) V . 8 6 , p . 2 29 , 169. New York Ontario & Western R y . — Dividend Always A n nual.— There has been no change in the dividend period of this company, annual distributions having taken place in July of each year following the initial payment of 3 % made in January 1905 from the earnings theretofore accumulated. In July 1905 the dividend was 1 )/>% and in July 1906 and July 1907 each 2 % . No further dividend lias been or is likely to be distributed before July 1908. the words “ 1 % semi-annually,” which slipped into the last issue of our sup plement,' having been due to momentary aberration on the part of one who revised but did not prepare the copy.— V . 86, p . 229. North Jacksonville (Fla.) Street Railway, Town & Im provement Co.— Foreclosure Sale.— At the foreclosure sale' in Jacksonville, Fla., on Jan. 6 this property, including 6.4 miles of electric railway, was bid in for the Jacksonville Electric Co. by Henry M. Endicott Jr. of Boston for 870,000 and is now a part of that system. North Shore R y., Canada.— New Name.— The name of the Beersville Coal & Railway Co., it is stated, has been changed to the North Shore Railway Co. An exchange says: T h e l o a d e x t e n d s fr o m M o n c t o n t o I m p e r ia l, N . B . , 41 m ile s , w it h a b r a n c h fr o m H o g a n J u n c t io n t o C o a lv ille , 4 m ile s . A n e x te n s io n o f th e l i n e t o R l c h l b u c t o B a y Is u n d e r c o n s t r u c t i o n . H u g o v o n H a g e n , P resi d e n t, M o n c to n , N . B . Northwestern Elevated R R . Co. of Chicago.— New Stock.— This company on Feb. 12 filed a certificate of increase of capital stock from 828,000,000 to 829,000,000.— V. 8 5 ,p .789. [VOL. LXXXVI. THE CHRONICLE. 42 2 Pennsylvania R R . — Merger.— The shareholders will vote at the annual meeting on March 10 upon ratifying— A g r e e m e n t s f o r th e a c q u is it io n b y th is c o m p a n y o f th e fr a n c h is e s , c o r p o r a t e p r o p e r t y , rig h ts a n d c r e d its o f e a ch o f th e fo llo w in g c o m p a n ie s , n a m e l y S o u t h w e s t C o n n e c t i n g R a i l w a y C o . ( s t o c k 5 1 0 ,0 0 0 , a ll r w n e d ) , J u n c t i o n R R . C o . a n d R a i d E a g l e V a l l e y R R . C o . ( V . 8 5 , n . 7 2 1 . ,2 4 4 ). — V . 8 0. p . 288, 230. Peruvian Railroads.— See 4t£-page illustrated article with map in “ Railroad Gazette” of New York for Feb. 7. Railroad Construction in 1907.— See editorial department under heading “ New Construction on Kansas City Mexico & Orient R y .” on a preceding page.— V . 83, p. 1591. St. Louis Iron Mountain & Southern Ry .— Remainder of Equipment Trust Issue Offered.— Biorcn & Co., Henry & W est and Townsend Whelen & C o., Philadelphia, and W il liam A . Read & Co., New York, are offering, on a basis to yield the investor 5 % % interest, the unsold portion of the issue of $3,660,000 equipment trusts taken by them last year. See V . 84, p. 1053, 1368 — V. 86, p. 230. St. Louis & Springfield R y .— Guaranteed Bonds Offered.— Julius Christensen & Co., Drexel Bldg., Philadelphia, P a., are offering for sale, by advertisement on another page, a block of first mortgage 5 % gold bonds, dated Dec. I 1903, unconditionally guaranteed by the Illinois Traction Co., an absolute first lien on over 60 miles of electric interurban line running from Springfield, 111., to Staunton, 111., being part of the through line of the Illinois Traction Co. to St. Louis, Mo. A bridge now under construction will give the Traction Co. its own entrance into St. Louis. Earnings for Year Ending Dec. 31 1007. S t. L . & S p r in g . R y . G r o s s e a r n i n g s --------------------------------------------------------------* 3 0 8 ,5 9 8 O p e r a t i n g e x p e n s e s a n d t a x e s -------------------------------1 9 3 ,1 8 0 m . T r a c .C o . * 3 ,7 7 9 ,1 8 7 2 ,1 2 8 ,4 8 7 * 1 1 5 ,4 1 8 5 1 ,8 5 0 ,6 9 9 N e t e a r n i n g s ----------------------------------------------------- - - T o t a l I n t e r e s t c h a r g e s ---------------------------------------------------* 7 8 ,0 0 0 * * 9 8 5 ,6 3 1 * I n t e r e s t o n a l l b o n d s o f c o n s t i t u e n t c o m p a n i e s Is I n c l u d e d In I n t e r e s t c h a r g e o f 111. T r a c t i o n C o . S e e f u r t h e r p a r t i c u l a r s In V . 8 5 , p . i o i ) . Texas & Pacific R y .— Annual Interest Payment on Income Bonds Reduced from 5 % to 3 ^ % . — In view of the uncertainty surrounding railroad earnings, the directors yesterday de clared a dividend of only 3 K % on the second income bonds out of the surplus earnings of the late calendar year, payable March 1, contrasting with 5 % yearly from 1902 to 1907, both inclusive, 4 % in 1901 and 1 % % in 1900. O f t h e * 2 4 , 8 6 1 , 7 7 0 s e c o n d I n c o m e s , * 2 3 . 6 8 8 , 0 0 0 a r e c w n e d b y t -’ c S t . L o u is I r o n M t. & S u th e r n R y . , a n d p le d g e d a s p a r t s e c u r ity fo r ^ " u n i fy i n g a n d r e f u n d i n g ” g o ld 4 s d a t e d 1 8 8 9 ( V . 7 8 , p . 1 2 2 4 ).— V . 8 4 , p . 1 4 8 9 . Toledo & Chicago Interurban R y .— Receivership.— Judge Heaton in the Circuit Court at F t. W ayne on Feb. 1, on appli cation of creditors, appointed James D. Mortimer receiver of this road, in operation at last accounts from Ft. W ayne, In d ., to Garrett, Avilla, Kendallville,and from Garrett to Auburn and Waterloo, 40 miles. T o t a l p r o je c t e d r o a d , 5 0 m ile s . A l s > c o n t r o l s t h e I C e n d a l l v l l l e ft G o s h e n T r a c t i o n C o . , u n d e r c o n s t r u c t i o n b e t w e e n K e n d a ll v ll lc , L lg o n lC r , G o s h e n , A l b i o n a n d R m e C i t y , a b o u t 5 0 m ile s . B o n d s a u th o r iz e d a n d r e p o r te d t o b e I s s u e d , * 1 ,2 5 9 ,0 0 0 2 5 y e a r fir s t 5 s ( o n e a c c o u n t s a y s * 4 6 0 .0 0 0 o n l y h a v e b e e n I s s u e d ), d u e J u n e 1 1 9 3 0 . T r u s t C o . o f A m e r ic a , N e w Y o r k , tru s te e . S t i c k , * 1 ,2 5 0 ,0 0 0 . A b o u t $ 7 0 , 0 0 0 , It Is s t a t e d , Is d u e f i r m a te r ia ls a n d t a x e s a n d ju d g m e n t s h a v e b e e n ta k e n o n s u n e s m a ll c la im s . I t Is e x p t o t e d t o r a i s e m o n e y t o c o m p l e t e t h e r o a d . A . B . S h epa rd o f C l e v e l a n d , O . , Is P r e s i d e n t . Twin City Rapid Transit Co.— Sale of Bonds.— The com pany recently sold to William A . Read & Co., New York, $1,000,000 of the joint 5 % consolidated bonds of the Minne apolis Street R y . Co. and the St. Paul City R y . Co., due 1928. 1908 and maturing in 1923, to a syndicate composed of Parkinson & Burr, Blake Bros. & Co. and E . H . Rollins & Sons. There were thirteen different bidders for the bonds, of whom eight bid for the entire lo t.— V . 86, p. 287, 109. West Penn Railw ays.— Report.— For calendar years: C a l. Y e a r — G ro ss. 1 9 0 7 ------------------- 3 1 , 6 0 3 , 1 0 0 1 9 0 6 -------------------- 1 , 4 0 9 , 4 ) 3 N et. 5 7 6 1 ,3 3 3 6 3 5 ,5 1 7 B o n d In t. I 'r f-D iv id e n d . * 4 1 6 ,7 3 4 ( 5 % ) $ 1 3 7 ,5 0 0 3 7 8 ,3 2 2 ( 5 % ) 1 3 7 ,5 0 0 B a l., S u r . $ 2 0 7 ,0 9 9 1 1 9 ,6 9 5 IN D USTRIAL, GAS AND MISCELLANEOUS. American Can Co.— Renewal of Large Contract.— In con nection with the annual report published last week (p. 336) it is of interest to note that the company has secured a renewal for five years from Dec. 31 last of the 5-year contract which expired on that date with the California Fruit Canners* Association, under which, it is stated, about 50 to 60 million cans per year will be supplied to the latter. Operation o f the Newcastle, P a., plant (V. 85, p. 656) was to have been begun about Feb. 3. Acquisitions.— -It was arranged in December last to acquire the United Can Co. of San Francisco, which supplied a large part of the Pacific coast trade, the consideration being variously reported as $500,000 and $1,000,000. Vice Chancellor Stevens on Oct. 8 1907 refused to grant an injunc tion to restrain the sale to the American Can Co. of the National Canning & Manufacturing Co. of Baltimore.— V. 86, p. 336. American Ice Securities Co.— Proceedings by Attorney-Gen eral.— Governor Hughes on Feb. 11 granted to AttorneyGeneral Jackson permission to act in place of District Attor ney Jerome in submitting to the Grand Jury evidence de signed to support the charge of violation of the State Anti Trust laws. ^ The District Attorney declined to submit the evidence. Former Assistant James W . Osborne will act as Special Deputy Attorney-General iri-charge of the proceed ings. Justice Leventritt of the Supreme Court has granted the Attorney-General permission, on payment of costs, to discontinue the civil action begun about two years ago by former Attorney-General Mayer to annul the charter of the American Ice Co. Mr. Jackson contemplates the commence ment of a new suit. Compare V . 86, p. 110; V . 85, p. 602. American Steel Foundries.— Plan Temporarily Enjoined.— Meeting Adjourned to March 14.— Vice-Chancellor Howell at Newark on Feb. 7, on application of David Strauss, who holds 973 shares of preferred stock,•granted an order to show cause, returnable Feb. 10, why the proposed financial plan (V. 86, p. 170) should not be enjoined,and restraining the vote of the stockholders thereon, which was to have taken place on Feb. 8. On the return of the order the rule to show cause was continued for two weeks and the tempo rary restraining order continued pending the return of the rule. The management has therefore postponed the spe cial stockholders’ meeting to act on the plan until March 14. “ T h e c o m p l a i n a n t a l l e g e s t h a t I f t h e p r o p o s e d p l a n Is c a r r i e d I n t o e f f e c t I t w i l l r e s u l t in t h e a p p r o p r 'a t l o n o f t h e p r o p e r t y o f t h e h o l d e r s o f p r e f e r r e d s t o c k t o th e p a y m e n t o f th e ir o w n c la im s a g a in s t th e c o m p a n y fo r a c c u m u l a t e d d i v i d e n d s a n d f u r t h e r t h a t “ t o t h e e x t e n t t h a t t h e s a i d s u r p l u s Is a p p lie d t o th e r e d u c t io n o f th e c o s t o f p r o p e r t y , th e p r a c t ic a l e ff e c t t h e r e o f w ill b e a n a p p r o p r ia t io n o f a p a r t o f t h e p r o p e r t y o f y o u r o r a t o r a n d s u c h o t h e r h o ld e r s o f th e p r e fe r r e d s t o c k to th e In c r e a s e o f th e v a lu e o f th e e q u it y o f t h e p r e s e n t h o l d e r s o f t h e c o m m o n s t o c k In t h e p r o p e r t y a n d a s s e t s o f th e c o m p a n y .” — V . 8 6 , p . 3 3 9 , 170. American Strawboard Co.— Report.— The net profits for the year ending Dec. 31 1907 were $462,304, comparing with United Railways & Electric Co., Baltimore .— N ew Voting $395,526 in 1905. Compare annual report for 1906, V. 84, * Trust Agreement.— As the existing agreement for deposit of p. 692.— V . 86, p. 231. American (Bell) Telephone & Telegraph Co.— Report.— the stock will expire Feb. 25 1908, Alex. Brown, II. Crawford. Black and F. A . Furst have been requested by the holders of For calendar years: G ross . N et m erest D iv id e n d s B a la n c e . a large amount of stock to act as trustees under a new agree C a l. Y ear. In c o m \ In c o tn \ P a id . P ild . S u rp lu s. ment to continue in force until May 1911. By that date it 19 )7 --$ 2 5 ,6 0 9 ,6 7 1 $23 ,4 7 9 ,2 9 0 $ 7 ,2 0 9 ,9 0 2 ( 8 % ) S 10,943,644 *5 ,325,744 is expected that the recently adopted financial plan, coupled 19 16 . 19.709,153 17,857,687 4 ,8 3 0 ,7 5 0 ( 7 ^ % ) 1 0 ,19a ,234 2,77 5 ,7 0 3 with the policy of the present management, will have estab — V . 8 6 . p . 171. American Window Glass Machine Co .— Union Declared lished the value of the stock. An advertisement dated Illegal.— Judge Phillips in the Common Pleas Court of Cuya Feb. 12 says: hoga County late last month held that the Amalgamated T h e n e w a g r e e m e n t ( w h i c h Is o p e n tr> a l l c i m m o n s t o c k h o l d e r s ) c o n t a i n s a p r o v is io n s im ila r t o t h a t In t h e o r ig in a l a g r e e m e n t , t o w it : T h a t th e s to c k Window Glass Workers of America is an illegal organization, d e p o s it e d c a n n o t b e s o ld w it h o u t th e c o n s e n t o f th e h o ld e r s o f 7 5 % th e re o f as being in restraint of trade, and ordered its dissolution. a n d t h e n o n l y u p o n t e r m s t h a t w ill s e c u r e t h e s a m e r e t u r n f : r a ll o f t h e T h e p r o c e e d s w ill r e im b u r s e th e c o m p a n y f i r I m p r o v e m e n t s m a d e o n P s r o a d b e d , a d d itio n to p w e r h o u s e , T h is m a k e s $ 7 ,0 4 4 ,0 0 0 o f th e Issu e n .w o u t s t a n d in g .— V . 8 0 , p . 2 8 7 . s t o c k h e ld b y th e tr u s te e s . S to c -k h r ld e rs m a y b e c o m e p a rtie s t o th e a g r e e m e n t b y e x e c u tin g a n d d e llv e iln g th e sa m e to th e F ld t lt y T r u s t C o . o f B a lt im o r e , M d ., a n d d e p o s it in g th e ir c e r t ific a t e s , d u ly In d o r s e d , w it h th e s a id t r u s t c o m p a n y o n o r b e f o r e F e b . 2 9 1 9 0 8 . The shareholders, it is stated, should sign the agreement promptly.— V . 85, p. 1463. Wabash R R . — Typographical Error.— 'Through some mis chance to the type the callprice of the equipment 4j/£s, Series C, correctly stated in earlier issues, appears in the last edi tion of the “ Railway and Industrial” Section as 110. The equipment agreement states that the bonds are redeemable at 101, as does also the offering of Lee, Higginson, & Co., in V . 82, p. 1498.— V. 86, p. 170, 53. Washington Baltimore & Annapolis Electric R y .— New Line in Operation.— The line between Washington, I). C ., and Annapolis, M d., was put into operation on Feb. 7. The section between Baltimore and Naval Academy Junction will be ready for operation in about a month. The round trip fare between Baltimore and Washington, it is announced, will be $1 25; single trip, 75 cents.— V. 85, p. 1578. West End Street R y., Boston.— Bonds Sold.— The com pany has sold $700,000 4 ^ % 15-year bonds, dated Jan. 1 T h e a c t io n w a s b r o u g h t b y th e fla tte n e r s a n d c u t t e r s , m e m b e r s o f th e u n io n . T h e C o u r t h e ld t h a t t h e b y - la w s c o n t a in e d a n u m b e r o f p r o v is io n s a g a in s t th e p u b lic I n te r e s t, s o m e r e a c h in g b e y o n d th e m e m b e r s h ip o f th e o r g a n iz a t io n a n d I n t e r fe r in g w it h f u n d a m e n t a l r ig h t s . A m o n g th e se a re t h e p r o h i b i t i n g o f o t h e r s f r o m l e a r n i n g t h e t r a d e , t h e l i m i t i n g o f w o r k In p l a n t s w h e r e m a c h i n e r y Is u s e d , a n d m a n y p r o v i s i o n s I n t e r f e r i n g w i t h t h e I n d u s t r ia l f r e e d o m o f m e m b e r s .— -V . 8 5 , p . 9 2 3 . American Writing Paper Co.—-Reduction of Stock A u thorized.— The shareholders on Feb. 11 adopted the propo sition to reduce the capital stock from $25,000,000 to $22, 000,000, through reduction of thecommonstock to 59,500,000, by canceling $2,000,000 owned by the company and rescind ing the right to put out $1,000,000 that has never been issued. Compare V . 86, p. 171. Baldwin Locomotive Works, Philadelphia.— Reduction of Force.— Owing to the small amount of orders received in recent weeks, the company has further reduced its working force to about 9,000, contrasting with 15,800 Jan. 1 1908 and 18,000 last October.— V . 86, p. 231. Brooklyn Ferry C o .— Receiver’s Certificates.— Justice Mad dox in the Supreme Court on Feb. 7 authorized receiver Joseph J. O’ Donohue to issue $35,379 6 % receiver’s certifi cates.— V . 83, p. 1464. Feb. 423 THE CHRONICLE 15 1903.1 656, 603). Rebates on first and second-class return tickets and special winter rates (except via the Canadian lines) were also abolished. The parties to the contract, it is under stood, are: u Butte (Mont.-) Electric & Power C o Report.— For calen dar years: C a l. G ross N et O th er In t. & S in k in g VaJ ;,‘ Y ear. E a rn in g s. E a rn s. In c. C h a rg es. Fund. Surp. 1 1 ) 0 7 - ________ $ 1 , 0 1 0 , 1 0 1 $ 5 6 3 ,4 4 5 $ 3 6 ,3 5 9 $ 2 6 6 ,0 4 3 $ 7 ,5 1 6 $ 3 2 o ,3 4 4 828 067 4 4 5 ,5 2 2 2 0 ,5 9 4 2 1 8 ,4 3 4 6 ,4 0 9 2 4 1 ,2 7 2 ' D iv id e n d s a t 5 % ’ o n th e $ 1 ,0 0 0 ,0 0 0 p r e fe r r e d s t o c k c a ll fo r $ 5 0 ,0 0 0 p e r a n n u m a n d o n th e $ 3 ,0 0 0 ,0 0 0 c o m m o n s t o c k a t th e s a m e r a t e , a s p a id fr o m D ec 1 9 0 8 t o S e p t . 1 9 0 7 ( d i s t r i b u t i o n s b e i n g d i s c o n t i n u e d In D e c . 1 9 0 7 c o m p a r e V . 8 6 , p . I l l ) , fo r $ 1 5 0 ,0 0 0 y e a r ly .— V . , 8 6 , p . 1 1 1 . A lla n , A m e r ic a n , A n c h o r , A t la n t ic T r a n s p o r t , C a n a d ia n P a c ific , F r e n c h C u n a r d , D o m in io n , D o n a ld s o n , H a m b u r g -A m e r lc a n , L e y la n d , N o r th G e r m a n L lo y d , H o lla n d - A m e r lk a a n d R e d S t a r .— V . 8 5 , p . 1 4 0 5 . International Paper Co.— Listed.— The New York Stock Exchange has listed $1,000,000 additional consolidated Cedar Rapids (Iowa) Gas Co .— Ninety-Cent Ordinance mortgage 5 % sinking fund convertible bonds, making the Held V a lid — Judge Ellison in the District Court on Jan. 30 decided that the ordinance passed by the City Council about a year ago, reducing the price of gas from SI 15 to 90 cents per 1,000 cubic feet, is valid, the new figure being reasonable. An appeal has been taken. total listed $5,860,000. The additional bonds were issued for improvements and additions made during the year ended Dec. 31 1906. Earnings.— For half-year ending Dec. 31 1907: Central District & Printing Telegraph (Bell Telephone Co.), Pittsburgh.— Report.— For the calendar year: ■ G ross 1907 $ 4 ,3 8 0 ,4 9 6 1 9 0 6 _______ 3 , 9 0 1 , 3 1 0 — V . 84, p. 1484. ypht N et. $ 1 ,1 1 2 ,8 8 3 9 5 2 ,7 5 2 In t. o n B d s . $ 5 9 ,4 8 0 ------------------ D iv s. ( 8 % ) . $ 9 6 0 ,0 0 0 8 6 0 ,0 0 0 B c i l .,s u r . $ 9 3 ,4 0 3 9 2 ,7 o 2 Chicago Junction Railways & Union Stock Yards Co.— Report.— For calendar years the income account of the holding company was: Cal D i v s . ,r e n t a l s , N et P r e f . d i v . C o m .d i v . B a la n c e , Y ea rs— in t e r e s t , & c . p r o fits. (6 % ). (8 % ). su rp lu s, 1907 $1 9 0 1 ,1 4 9 $ 1 ,1 5 3 ,9 5 0 $ 3 9 0 ,0 0 0 $ 5 2 0 ,0 0 0 $ 2 4 3 ,9 5 0 1906 l!8 3 3 ,9 3 4 1 ,1 2 2 ,5 2 6 3 9 0 ,0 0 0 5 2 0 ,0 0 0 2 1 2 ,5 2 6 — V . 85, p. 796. T o ta l, su r p lu s. $ 1 ,5 5 7 ,9 7 4 1 ,3 1 4 ,0 2 5 Chicago Telephone Co.— Increase in Stock.— The stock holders on Thursday ratified the proposition to increase the authorized stock from $20,000,000 (of which $18,000,000 is outstanding) to $30,000,000. Of the new stock about $4,500,000, it is expected, will shortly be offered to stock holders at par, to be paid for in installments running during the year. C a l. G ross Y ea r. E a r n in g s. 1 9 0 7 . . _____$ 8 , 7 1 8 , 9 5 1 1 9 0 6 ________ 7 ,9 0 7 ,5 6 8 — V . 85, p . 1271. Net E a rn in g s. $ 1 ,7 4 2 ,0 8 3 1 ,6 1 8 ,1 4 4 D iv id e n d s. (1 0 % ). $ 1 ,4 7 2 ,7 1 3 1 ,4 0 0 ,0 0 0 G r o s s e a r n i n g s _____________ $ 1 1 , 1 3 1 , 7 3 0 1 B o n d I n t . , t a x e s , I n s ---------------$ 6 1 1 , 8 6 2 N e t e a r n i n g s ________________ 1 , 3 8 9 , 1 6 2 1P r e f . d i v s . ( 6 m o s . ) ( 3 % ) . 6 7 2 , 2 0 1 9 S u r p lu s f o r s i x m o n t h s e n d ln fe D e c . 31 1 9 0 7 -------------------------------------- $ 1 0 5 , 0 9 9 T o t a l s u r p lu s D e c . 31 1 9 0 7 , $ 6 ,9 7 0 ,5 9 9 — V . 8 5 , p . 1 1 4 6 . 1 0 8 1 . International Smokeless Powder & Chemical.— Report.— For the calendar year ending Dec. 31: C a le n d a r N e t E a r n in g s O th e r Year— fr o m S a le s. In co m e. 1907 .$ 2 3 6 ,9 3 0 $ 1 ,9 6 9 1006 __________ 5 0 8 , 1 0 8 2 ,6 4 6 — V . 85, p . 796. B a la n c e , T e l e p h o n e s S u r p lu s. D e c . 3 1 . $ 2 6 9 ,3 7 0 2 0 2 ,6 8 1 2 1 8 ,1 4 4 1 7 0 ,8 3 4 A b o u t $ 1 0 0 , 0 0 0 , i t Is s a i d , r e m a i n s o n h a n d t o m e e t t h e e x p e n s e s o f w i n d i n g u p t h e company, f r o m w h i c h p r o b ^ l y a f u r t h e r s m a l l d i s t r i b u t i o n w ill b e m a d e t o t h e c e r t if ic a t e h o ld e r s . C om pare V . 80, p . 2347, 2222. 84, p. 1250. Fort Worth Stock Yards Co.— Called Bon ds— Seventy-five mortgage 5s of 1902 due March 1 1922 will be paid at 105 and interest on March 1 at the New York Trust Co., New York, trustee. Compare V . 86, p. 231. Hackensack Meadows Co.— Sold.— A t the foreclosure sale on Feb. 12 the property was bid in by Phillips Moore and Neil Weathers of New York, who are believed to represent the reorganization committee.— V . 86, p. 172. Herring-Hall-Marvin Safe Co.— Report.— For years: C a le n d a r Y e a r ___ 1907 N et E a r n in g s. $ 1 0 3 ,5 2 5 10 0 6 — — V ." § 4 , p . 102:0 49 D * p r t C 'n & H eserve. $ 4 1 ,9 7 2 42,666 B a la n c e , S u r p lu s. $ 6 1 ,5 5 3 59 ,3 8 3 S u rp lu s $ 1 2 0 ,9 3 6 5 9 , 38.3 692. Hood Rubber Co.— New Stock.— The company lately voted to issue $1,000,000 7 % cumulative preferred stock in 10,000 shares of a par value of $100 each. About 4,000 shares will be sold at par and the balance of the issue will be sold above par All of the stock to be sold at par has been subscribed for.— V . 76 , p. 1195. Houston (Tex.) Gas Co.— Bonds Offered.— Hugo V . Neuhaus & C o., Houston, T ex ., have recently been offering for sale $30,000 5 % first mortgage gold bonds, issued to reim burse the company in part for expenditures aggregating $40,000 made for improvements and extensions since the first block of bonds was issued. The bankers say in sub stance: D a te d M a rch 1 1 9 0 5 , d u e M a rch 1 192 0. I n te r e s t p a y a b le S e p t 1 a n d on M a rch l a t th e o ff ic e o f N . W . H a r r is & C o ., N e w Y o r k . B ankers T ru st Co N ew Y o r k , tru ste e . A u t h o r iz e d Issu e, $ 1 ,0 0 0 ,0 0 0 . D e n o m in a t io n $1 0 0 0 e a c h ( c * ) . A m o u n t Issu e d a n d o u t s t a n d in g , $ 6 0 8 ,0 0 0 . T h ese b o n d s A re s e c u r e d b y a fir s t H en o n t h e c o m p a n y ’ s e n t ir e g a s p l a n t s a n d r e a l e s t a t e fr a n c h is e s , s tr e e t m a in s , a n d a ll o t h e r a p p u r t e n a n c e s a n d a d d l‘ ^ T h ^ c ^ p m w ^ '. d u e s ^ f ^ p r o p e r ^ a t ^ 'b o u t $ 1 ,2 5 0 ,0 0 0 . I t Is c a p i t a l i z e d a t $ 6 0 0 , 0 0 ( 1 , o f Vw h i c h S i o o l o o o Is p r e f e r r e d a n d $ 5 0 0 , 0 0 0 is c o m m o n s t o c k . A c c o r d in g t o a s t a t e m e n t o f t h e c o m p a n y fo r t h e y e a r 1 9 0 7 , It e a r n e d , a ft e r p a y in g a ll fix e d c h a r g e s , o p e r a t i n g e x p e n s e s , a o . , $ 7 6 ,3 3 1 , a n a m o u n t e q u iv a le n t to 5 % o n th e o u ts ta n d in g b o n d s , 6 % o n th e p r e fe r r e d s t o c k a n d 8 .3 9 % o n th e c o m m o n s to c k . T h e c o m p a n y s b u s in e s s s h o w s a n n crca se a t th e ra te o f 2 5 % p e r y e a r . „ r . __ , _ T h e o ff ic e r s a re a t p r e s e n t : T . \Y. H o u s e . P r e s .; J a m e s A . B a k e r J r ., V l c e - P r e s . ; J a s . H . B . H o u s e , T r e a s . ; and C. H . D u n b a r , S e c . Jam es A . B a k e r , h o w e v e r , f u l f i l l s a l l t h e d u t i e s o f t h e P r e s i d e n t a t t h i s t i m e , a n d Is a lm o s t a s s u r e d ly t o b e e le c te d P r e s id e n t w it h in th e n e x t fe w w e e k s .— V . 8 0 , p. 1732. , Indianapolis Gas Co.— 50-Cen< Gas Ordinance Invalid.— An injunction has been issued by the Federal Court enjoining the enforcement of the 50-ccnt gas ordinance passed in N ov. 1904 on the ground that it impairs the contract between the company and the city dated June 28 1899. The decision does not affect the 60-cent gas law passed Feb. 1907. Com pare V . 84, p. 576. International Mercantile Marine Co.— Agreement Reached— Passenger Rates Advanced— Under a three years’ agreement entered into by the leading trails-Atlantic steamshipMines late last week, passenger rates were advanced on Feb. 10 about $5 above the point at which they stood before the rate war began last August (compare V . 85, p. 603, 724, D iv id en d s P a id . $ 3 1 8 ,0 0 0 3 0 4 ,5 0 0 B a la n c e . S u r .o r D i f . d e f.$ S 5 ,4 0 1 s u r .1 9 9 ,4 8 0 Jenifer Coal & Iron Co., Birmingham, A la.— Mortgage.— This company, a reorganization of the old Jenifer Furnace Co., in October last filed a mortgage for $400,000 to the riifisons’ Trust. Co. Citizens’ __ of Milwaukee,. as trustee. Consumers’ Gas Trust Co. of Indianapolis.— Distribution. — The certificate holders early this month received a distri bution of 4 0 % ($10 per share) amounting to $315,026, making, it is stated, 9 0 % in all paid on account of the prin cipal of the certificates. — V. In te re st a n d M isc . $ 6 ,3 0 1 5 ,8 7 4 T h e c o m p a n y Is s a i d t o h a v e a n a n n u a l I n c o m e o u t p u t o f 5 0 , 0 0 0 t o n s o f lg I r o n a n d a lik e a m o u n t o f c o k e . W . H . W e l l e r o f A n n i s t o n , A l a . , Is P r e s id e n t. # Kansas City Breweries Co.— Report.— For calendar years: ___e P H G eCnWe H x p, ,.. , D p r______ ec ’n S a l a r i e s , & c . C h a r g e d o ff. $ 2 2 0 ,0 5 5 $ 8 9 ,2 2 7 1 8 7 ,2 6 1 8 2 ,6 4 0 C a le n d a r G ross Y ea r— E a rn in g s 1 9 0 7 _______________________________ $ 7 0 3 , 7 8 5 I 6 ........... ..................................................... 7................. 190 3 3 ,7 7 7 N et P r o fits. $ 3 9 4 ,5 0 3 4 6 3 ,8 7 6 Sales 275,468 barrels in 1907, against 297,424 in 1906 — V . 85, p. 866. Kelly Coal Co., Vermillion County, 111.— Default— Lease.— A press dispatch from Danville, 111., on Jan. 27 said: T h e m i n e s o f t h e K e l l y C o a l C o . In I n d i a n a a n d I l l i n o i s , w h i c h h a v e b e e n o p e r a t e d f o r a l o n g t i m e b y t h e S h i r k l e s , J o h n D e r i n g a n d W . \V . H a m m ond a n d w h ic h a re w o r t h a b o u t $ 3 ,0 0 0 ,0 0 0 , h a v e p a s s e d b a c k t o th e K c llv h e ir s . T h e c o n s id e r a t io n h a s n o t b e e n m a d e p u b lic . T h e K e lly C c a l Co t o o k o v e r t h e m in e s a b o u t a y e a r a g o . F o r t h e h a st s i x m o n t h s t h e c o m p a n y h a s b e e n u n a b l e t o m e e t I n t e r e s t c h a r g e s a n d f o r t h i s r e a s o n It d e c id e d t o a llo w th e m in e s t o r e v e r t t o t h e h e irs o f th e la t e M ic h a e l K e lly . T h e c o m p a n y , h o w e v e r , h a s m a d e a c o n t r a c t w i t h t h e h e i r s w h e r e b y It w i l l c o n t in u e t o o p e r a t e th e m in e s . T h e c o n t r a c t s p e c ifie s t h a t t h e le a s e s h a ll b e m a d e fr o m m o n th to m o n t h . C om pare V . 84, p . 806. Long Acre Electric Light & Power Co., New York City.— New Securities Desired for Projected Extensions.— This com pany, of whose $50,000 common stock (par of shares $100), $49,000 is held by George E . Bouchie as trustee, representing, it is understood, the Manhattan Transit Co. (V. 83, p. 894), has applied to the Public Service Commission for authority (1) to create an issue of $10,000,000 7 % non-cumulative and non-voting preferred stock; and (2) to make a mortgage securing not exceeding $50,000,000 6 % sinking fund bonds, subject to call at 110 and interest at any time at option of company. It is not proposed to put out more than $12, 000,000 of these bonds in the near future. T h e n e w s t o c k a n d b o n d s a re t o b e u se d fo r re tirin g th e p r e s e n t b o n d s ($ 6 0 0 0 0 0 ; V . 8 4 , p . 5 1 1 ) , a c q u ir in g p r o p e r t y o n w h ic h t o e r e c t p o w e r h o u se s a n d s u b -s ta t io n s , c o n s t r u c tin g p o w e r -h o u s e s a n d s u b -s ta t io n s , & c . T h e c o m p a n y h a s a s m a ll p l a n t In o p e r a t i o n a t 4 7 t h S t . a n d 2 d A v e . , a n d s o m e t i m e a g o c o n t r a c t e d w i t h t h e A m e r i c a n & B r i t i s h M f g . C o . , P r o \ 1d c n c e , I t . I . , fo r th e p r in c ip a l e q u ip m e n t f o r a la r g e p o w e r p la n t , b u t th e c o n s t r u c t i o n o f t h e p l a n t h a s t h u s fa r b e e n h e ld In a b e y a n c e . E dgar V an E t t e n Is P r e s i d e n t , J o h n C . S h e e h a n V i c e - P r e s i d e n t a n d W . W . W a i t e ) s S e cre ta ry a n d T rea su rer. T h e s e m e n h o ld 4 sh a res. T h e oth e r sh a re h o ld e r s a r e : W illia m H a r r is , 3 s h a r e s ; H e n r y B . H a n d s , 1 s h a r e ; G e o r g e E. B o u c h ie , tr u s te e , 4 9 0 s h a re s ; W illia m H . L a m p r e c h t , 1 sh a re ; G . I r a c y R o g e rs , 1 sh a re; a to ta l o f 500 sh a re s. T h e M a n h a t t a n T r a n s i t C o . c o n t r o l s the N e w Y o r k & B r o o k l y n H R . C o . (V 76 p 4 8 - V . 7 5 , p . 1 1 4 7 ), w h ic h h o ld s a fr a n c h is e f o r a tu n n e l u n d e r th e E a s t R i v e r t o B r o o k ly n , b u t lit t le o r n o t h in g b e y o n d p o s s ib ly th e p u r ch a se o f s o m e rea l e s ta te h a s e v e r b e e n d o n e b y th e tu n n e l c o m p a n y . — V . 8 5 , p . 472 Louisville Property Co.— See Louisville & Nashville R R . under “ Railroads” above. Maryland Coal Co.— Report.— Report for the calendar year: N e f n r n fit s D f v . Po n p r e f . 's f o 'c k ', ' B a la n c e , s u r p l u s _________ 1907. $ 5 9 5 ,6 7 3 (8 )1 5 0 ,7 7 6 1906. $ 1 5 5 ,6 3 0 (8 )1 5 0 ,7 7 6 $ 4 4 4 ,8 9 7 $ 4 ,8 5 4 1905. 1904. $ 2 2 2 ,6 3 4 $ 2 7 6 ,4 5 6 ( 8 ) 1 5 0 ,7 7 6 ( 8 ^ ) 1 6 0 .1 9 6 $ 7 1 ,8 5 8 $ 1 1 6 ,2 5 7 New Director.— Frank W . Pardee has been elected a direc tor in place of Robert C. Heaton, resigned.— V . 84, p. 752. Massachusetts Lighting Companies— Earnings.— For years 1907 and 1906: C a l. Y ea r— 1007 1906 " G ross S a le s. .-.$ 4 3 1 ,0 5 1 ____ 2 6 3 , 7 8 6 N et S a le s. $ 3 3 0 ,1 5 5 2 1 9 ,2 0 1 N et E a rn s. $ 5 5 ,0 0 5 4 7 ,5 6 1 O th e r In c. C h a rg es. $ 1 0 9 ,6 2 2 $ 6 1 ,7 2 1 3 4 ,4 5 4 3 0 ,5 5 8 B a l.. S u rp. $ 1 0 2 ,0 0 6 5 1 ,4 o 7 — V . 85, p . 603. Mexican Light & Power Co.— Report.— For calendar year: C a le n d a r Y e a r ___ 1907 1006 G ro ss. N et. N et. In t. & ( M e x .c u r .) ( M e x .c u r .) ( U S .c u r . ) sin k . f d . S4 9 3 0 3 7 0 $ 2 , 9 8 0 , 2 2 7 $ 1 , 4 9 0 , 1 1 3 $ 9 3 0 , 0 0 0 s '8 5 4 ,1 9 4 2 ,1 5 0 ,5 7 3 1 ,0 7 5 ,2 8 6 8 1 8 ,4 4 3 M isc c lla n e o u s . $ 1 2 3 ,8 3 1 1 8 ,7 4 6 B a la n c e S u rp lu s, $ 4 3 6 ,2 8 3 2 3 8 ,0 9 7 — V . 8 5, p . 656. Milford (Conn.) Water Co.— Offer for Minority Stock.— See New Haven Water Co. above. Milwaukee (Wis.) Independent Telephone Gp.— Franchise Held Invalid.— The Supreme Court of Wisconsin in the case brought by the State to oust the company from the use of the streets recently held that the ordinance of November last (V. 83, p. 1415), under which the company claimed the right to occupy the streets, is invalid because the city lacked the power to grant the same. 4*24 THE CHEONICaJL r h e C o u r t h o ld s t h a t th e r ig h ts w h ic h th e c i t y u n d e r t o o k t o g r a n t p e r t a l n t o a c l a s s o f p o w e r s n o t p u b l i c In t h e i r n a t u r e a n d w h i c h a r e n o t p o s s e s s e d b y p e r s o n s g e n e r a lly a n d th a t s u c h p n v e rs c a n b e e x e r c is e d o n l y u n d e r a u t h o r it y fr o m th e S t a te .— V . 8 4 , p . 1 0 5 6 . ' (The) Moran Co., Shipbuilders, Seattle, Wash.— Officers & c-— James A . Moore of Seattle was recently elected a director and President to fill the unexpired term of George II Higbee, resigned. Mr. A . Schubach of Seattle was elected trustee. 1lie full board of trustees is: N . H . L a t im e r , E . C . N e u fe ld e r , M . M . L y t e r , J . V . P a te r s o n J a m e s A ' A ’ S c h u b a c h o f S e a ttle a n d S . R e a d in g B e r t r o n o f N e w Y o r k " * ' , ( , /> e c a p i t a l s t o c k Is $ 1 , 0 0 0 , 0 0 0 7 % c u m u l a t i v e p r e f e r r e d , l a s t d i v i d e n d A p i l l 1 J J 7 , a n d $ 1 ,0 0 0 ,0 0 0 c o m m o n t s o c k , o n w h ic h n o d iv id e n d s h a v e b e e n p a id . B o n d s o u t s t a n d in g , $ 1 ,0 5 0 ,0 0 0 g o ld 4 s , d u e A p r il 1 m o and E d . l — V . a8 4 ,S pU e 7 5 2 7 U n S h l p b u l l d " lfC C o “ 's u l ) J e c t t o c a l l a t 1 0 5 — National Biscuit Co.— Report.— For fiscal years ending Jan. 31: F vpnl T o ta l M et P r e f. d ie s. 1006 0 7 -------541,802,224 $4^101?415 $1,736,314 — V 8 4 7 p ; 39y 22,930 3 ,954,507 1 ,? 3 6 -314 D iv id e n d on (5 % ) 1.461,801 B a la n c e s u r p lu s. $ 6 1 0 ,0 4 0 7 5 6 ,3 0 2 National Consolidated Oil C o.,— Receivership.— A t Lima O ., on Feb. 13 George W . King was made receiver of the property, the interest on the $200,000 first mortgage 0 % bonds being in default. See V . 78, p. 1113 New Haven (Conn.) W ater Co.— Purchase.— 1 The company has acquired control of the Milford Water Co. through pur chase at $11 per share (par $25) of 4,584 shares of "capital stock out of 6,000 outstanding. The same terms are offered the minority interest. The $100,000 5 % bonds of the Mil ford company have been assumed by the New Haven Water Co, T h e M i l f o r d c o m p a n y w a s o r g a n i z e d In 1 8 9 2 a n d In 1 8 9 8 l l n l s h e d I ts p l a n t . Its s o u r c e o f s u p p l y b e i n g B e a v e r B r o o k , M i l f o r d . N o fln a n c b U ls s ie as y e t to c o v e r p u rch a se a n d n o th in g y e t a rra n g e d . O f o ld M ilfo r d b o a r d t, lr<T , r e s i g n e d o u t o f l i v e a n d p i e s e n t d i r e c t o r s a r e E l l V V h lt n e v J a m e s F .n g l s h . G e o r g e D M a tr o n s . G e o rg e M . G u n n a n d A . S . B a rn es T h l fir s t th r e e a r e N e w H a v e n W a t e r C o . r e p r e s e n t a t iv e s . E ll W h lt n e v P re s a n d T r e a s .; D a v id D a g g e t t , S e c .— V . 7 9 , p . 2 4 6 0 . e y ’ 4 res" New York & New Jersey Telephone Co.— New Treasurer — Acting Treasurer A . E . Gurnee has been elected Treasurer to succeed Henry Sanger Snow, who resigned, his personal finances being involved. The “ New York Sun” of yesterday gave the following as from an authoritative source: T h e r e h a s b e e n n o o v e r - i s s u e o f s t o c k a n d n o m i s u s e o f t h e t r e a s m - v s t n c ir o f th e c o m p a n y . A l l t h e s t o c k t h a t s h o u l d b e In t h e t r e a s u r v W t h e r e In ta ct. O u r s t o c k Is s u e s a r e s a f e g u a r d e d b y a ll t h e p r e c a u t io n s * t h a t t h e N ew Y o rk S to ck E x ch a n g e Im p oses. “ u m t tn e M r . S n - w m a d e u s e o f s t o c k s w h ic h h e c e r t if i e d a s fu ll p a id f o r m im e s e s o f m a k in g lo a n s . H e h a d s u b s c r ib e d fo r t h is s t o c k , b u t h a d n o t b a l d r > r it B y v i r t u e o f h is p l a c e In t h e c o m p a n y h e w a s a b l e t o a r r a n g e m a t t e r s s o t h a t t h e c e r t i f i c a t e s m a d e I t a p p e a r t h a t t h i s s t o c k h a d b e e n n i l d i m in fu ll. O n t h is s t o c k h e a r r a n g e d a n d n e g o t i a t e d lo a n s . T h e su m In v o lv e d h e r e Is a b o u t $ 1 2 0 , 0 0 0 . u 1 ‘ “ v o iv c u S o m e o f t h e b o n d s p u r c h a s e d f o r t h e c o m p a n y b y M r . S n o w f o r t h e s i n k i .n r fu n d c a n n o t b e fo u n d w h e r e t h e y s h o u ld b e . T h e su m o f th e se I s a h o n ? $ 3 0 ,0 0 0 . T h e r e Is n o I r r e g u l a r i t y In t h e m a t t e r o f o u t s t a n d i n g b o n d s 8 ,0 0 0 I t Is I m p o s s i b l e t o s a y w h a t a c t i o n w i l l b e t a k e n In t h e c a s e a f t e r t h e a l i d i t w a l c h Is n o w g o i n g o n h a s b e e n c o m p l e t e d . — - V . 8 4 , p . 1 4 s o m eauan New York & Richmond Gas C o . - Earnings.- F o r calendar years 1907 and 1906Y ea r— G ro ss. N et. 1007.................................................... $256,053 $97,808 1906-------------------------------225,174 92,049 — V . 85, p . 349. B o n d In t. $ 6 3 ,4 0 0 6 1 ,2 5 0 B a l.,S u r . $34 348 3 0 ,7 9 9 , Niagara Falls Lighting Co.— New Securities.—-The Public Service Commission, Second District, it is stated, has granted the company authority to issue $100,000 capital stock and a mortgage for $500,000, and to issue $300,000 bonds under said mortgage; also permission to construct an electric lio-ht heat and power plant in the city of Niagara Falls. North American Portland Cement Co.— 1“ Association of Licensed Cement Manufacturers. ” — See that caption in V . 86, p. 287.— V. 86, p. 287. Osceola Consolidated Mining Co.— Injunction Continued__ Judge Knappen in the United States Court at Grand Rapids Mich., has enlarged the preliminary injunction granted to President A . S. Bigelow in April last so as to prohibit the company from holding its annual or any special meeting until further order of the Court. S T h i s p r e v e n t s t h e C a l u m e t & H e e l a f r o m v r t i n g I t s s t o c k In t h e O n c e - i n c o m p a n y , a n d t h e I n j u n c t i o n , It Is c o m m o n l y s u p p o s e d , w i l l r e m a i n Y n e,,f f e, c t- u n t......... i l t h .. e e n t i r e WII.ll.VUOJ c o n t r o v e r s y IO Is .s VIUU,. e ttle d . M r . B i g e l o w c l_......._ a i m s w...„ t h a t t,,,, he —C a l u m e t c o m p a n y o w n s 2 6 , 0 0 0 s h a r e s o f t h e O s c e o l a , s u f f i c i e n t t o e -iv e \t c o n t r o l. C o m p a r e V . 8 4 , p . 1 0 5 6 .— V . 8 6 , p . 1 7 3 . K 1 Pittsburgh Plate Glass Co.— Report.— For calendar year: Y ear— 1907. P r o fits . * $ 1 ,4 2 2 ,3 9 8 D lv .o n p f .(1 2 % ) $ 1 8 ,0 0 0 D l v s . o n c o m — ( 7 % M ,2 0 8 ,1 3 3 B a ls u r .fo r y r * A fte r d e d u c tin g 1906. $ 1 ,3 4 1 ,8 7 7 $ 1 8 ,0 0 0 ( 6 % ) 9 1 3 ,2 3 5 5 1 9 6 ,2 6 5 “ d e p r e c ia t io n ," 1005. 1904 $ 1 ,1 6 1 ,9 3 1 $937 693 $ 1 8 ,0 0 0 S18 0 0 0 ( 6 % ) 7 4 0 ,5 4 8 ( 6 % ) 7 4 o ;4 9 9 $ 4 1 0 ,6 4 2 $ 7 9 7 ,0 7 1 .— V . Y lO J jm ~ T m 7 o 4 84, p. 1305. ’ Pocahontas Consolidated Collieries Co.— Small Sharehold ers of Old Company Dissatisfied.— Regarding the suit brought last week at Lynchburg, V a ., by minority Philadelphia share holders in the former Pocahontas Collieries Co., a statement made in the name of Isaac T . Mann, President of the Poca hontas Consolidated Collieries Co., says in substance: T h e c o m p a n y w a s fo r m e d b y a m e r g e r J u ly 1 1907 o f th e P o c a h o n ta s C o llie r e s C o . w ith a n d u n d e r th e n a m e o f th e P o c a h o n t a s C o n s o lid a t e d fin e r ie s C o. In corp ora ted w i t h $ 2 ,8 0 0 , 0 0 0 p r e f e r r e d s t o c k a n d $ 4 ,> 0 0 .0 0 0 c o m m o n s t o c k a n d a n a u t h o r i z e d b o n d I s s u e o f $ 2 0 , 0 0 0 o m i o f w h ic h 5 4 ,0 0 0 ,0 0 0 b o n d s h a v e n o w b e e n Issu e d . A s m a ll m in o r t y o f th e p r e fe r r e d s t o c k h o ld e r s o f th e P o c a h o n t a s C o llie r ie s G o . d id n o t e x e r e is e th e ir p r iv ile g e t o e x c h a n g e t h e ir s t o c k fo r b o n d s , w h ic h w e re o ffe r e d a n d a c c e p t e d In t h i s m e r g e r b y a lt t h e o t h e r s t o c k h o l d e r s . O f tills m ln o r f t v 2 1 4 s h a r e s b e i n g $ 2 1 , 4 0 0 In a m o u n t , h a v e f i l e d a 1.111 a s k i n g t h e c o m t t o a p p r a i s e t h e v a l u e o f t h e i r s e c u r i t i e s ; o r . f a i l i n g t o g e t t h i s r e l i e f i » th ?, a lt e r n a t iv e , t o a p p o in t a r e c e iv e r fo r th e c o m p a n y . S u ch a n a p p r a is e m e n t s p r o v i d e d f o r u n d e r t h e s t a t u t e o f V i r g i n i a , a n d c a n In n o w a y d l s t u r h ^ I n ju r e t h e s e c u r i t ie s o r c r e d i t o f t h e c o m p a n y * s lu rD o r 'I’ l i e t e Is n o q u e s t i o n I n v o l v e d a s t o t h e f i n a n c i a l c o n d i t i o n o r s t a n d i n g o f t h e P o c a h o n t a s C o n s o l i d a t e d C o l l i e r i e s C o . , I n c . , a s It h a s n o d e b t s t h a t fVOL. LXXXVI. n n d 'n l n ’w r n r ? V,u r.1’f n t { ° D e c - 3 1 1 9 0 7 . a n d p a i d Its b o n d I n t e r e s t ft d f v M n n r i l d e n t l 011 J,T ' • 1 1 i ) (,s • ;iI u l 1,1 a d d i t i o n r e c e n t l y p a i d fin n rw .i o Y * , ? , n h Y E f 1 , , u u ' [ lin « » I t s c o m m o n s t o c k , a n d Is in a s t r o n g e r c o n d it io n t o -d a y th a n a t th e d a t e o f th e m e r g e r . T h e c o m p a n y Is O- s o Y r m - Vm il n n , S i a ? p e rl m S, , t n l sl,n ? ) s ' T ts (-o a l Is s o l d t h r o u g h M e s s r s , hv n P h Tl l a d e l p h i a , a n d I t s o u t p u t o f c o k e Is h a n d l e d 1 0 0 0 C ^ 0Cd lo n t a s C o ., I n c ., o f B lu e fle ld W . V a .— V . 8 4 , p . 1 8 1 1 , Pittsburgh Coal Co. Decision Regarding Terms of Mort gage — Judge John D . Shafer in Common Pleas Court No. 2 at 1 ittsburgh on Doc. 14, in fictions brought by the company to construe the terms of the “ first and collateral” trust mort gage of 1904, under which the Union Trust Co. of Pittsburgh is trustee, held: ° 1. X h a t $ 7 9 4 ,0 0 0 p r e fe r r e d a n d $ 5 5 5 ,8 0 0 c o m m o n s t o c k o f t h e G o a l G n m - p a j? y T h a t ,? ? .u m e d - t h e t r a s t h a v l n V e l p R e d 0 0 ™ m a t $ 7 7 ,1 -1 p a id b y t h e C o a l C o m p a n y t o t h e tr u s t e e r e p r e s e n tin g th e p a y m e n t a t th e r a t e o f 5 c e n t s a t o n o n c o a l m in e d f ™ m t h e b ^ J e d o m n th m n ’ e V *c ? h a w th a t th e tru st c o m p r o p e t t ie s I n t o t h e to be m ade. The fe U m e . - V a n d M ld la n d C o a l c o m p a n ie s ca n H o t b e p a n y c a n n o t c o m p e l fu r th e r p a y m e n t s s in k in g fu n d , th e m o r t g a g e n o t r e q u ir in g l e a s e s t h e m s e l v e s , I t Is s t a t e d , p r o v h l e 8 5 ? p ° H 6 6 ? 6 0 3 ? C C U lU y f ° r 8 n y P l" ' P ° S e reco^ red P b^t o n t h e s e le a s e d s u c h n a vm errts th a t C om st U n d e r p e n a ltV o f fo r - Prescott (Ariz.) Electric Co. 1398 Now Controlled by American e''ey ra'Ph C° - — See that company in V . 85, p. 0t\ Provident Loan Society of New York.— Annual Meetinq.— Lhe annual meeting was held on Wednesday in the United Charities Building. John S. Kennedy presided and amongst those present were Bishop David H . Greer Robert W . de Forest, Percy A . Rockefeller and V. Everit Macy. Reports submitted show the Society to be in a prosperous condition. The loans for 1907 exceeded $10,000 000 the average loan made being $37 46. Officers re-elected: ’ \ r ^ .f i* s te e S T ( ' J h,0,s^ t e r m s e x p i r e d ) — O t t o X '. B a n n a r d , J a m e s S o e v e r i r r i m n e r L ' S e h ld . W illia m S lo a n e a n d J . K e n n e d y T o d . I . • S n h i ( r Ce« s ' J a m ? s S p e y e r , P r e s .; F r a n k T u c k e r , V t c e -P r e s .; M o r t im e r L S ch itr, S e c ; a n d O t t o T . B a n n a r d . T r e a s . E x e c u tiv e C o m m itte e th e a n d ° W llfla m S lo a n e .W dU F o r e s t ’ V ‘ K v e r l t M a c y - P c r c y A - R o c k e f e l l e r lhe valuable site recently acquired a t2 5 t h S t.an d4th A v e. is soon to be improved by a new building, specially construc ted for another loan office and for the book-keeping ar.d supervisory office.— V. 84, p . 629. Quaker Oats Co. (Chicago, 111.).— Report.— Forfiscklyears ending Dec. 31: C a le n d a r N et . Y / ar~ P r o f its . 1 0 0 7 ---------- $ 1 , 3 6 5 , 1 6 6 1 9 0 6 -------1 .2 8 3 , 3 8 9 — V . 8 4 , p. 7 5 f In terest on B on d s. ---------------$ 4 0 ,0 0 0 D cp rec’nA C o n str u c tio n . $ 1 5 1 ,4 1 2 2 9 ,4 8 8 D iv id e n d s P a id . $ 8 6 9 ,1 1 0 5 7 1 ,2 6 3 B a la n c e , .S u r p lu s $ 3 4 4 ,6 7 4 6 4 2 ,6 3 8 Quincy (Copper) Mining Co. — Dividend Again Reduced.— A quarterly dividend of $1 50 (6 % ) per $25 share has been declared, payable March 2 3 ,comparing with $2 ( 8 % ) Dec. 26 1907 and $2 50 (1 0 % ) Sept. 25, and $4 50 paid at each of the first two quarterly distributions in 1907. Compare V. 85 p. 1406. ’ ^ Schwarzschild & Sulzberger Co.— Application to Examine Books Denied.— Justice Greenbaum in the Supreme Court m this city on Feb. 6 denied the application of Moses H. Joseph and his father Frederick Joseph (owners of 1,500 and 73L2 shares of stock, respectively) for leave to examine the books and papers of the company. The last named was up to Feb. 1907 Vice-President of the company, but is now President of the New York Butchers’ Dressed Meat Co. (V. 85, p. 472), a rival concern. The Court says the papers fail to show any proof of waste or diversion of assets, as charged. The company objected to allowing its trade secrets, names of persons from whom meats are purchased, and to whom they are sold, to be made public.— V . 85, p. 473. Shawinigan Water & Power Co., Montreal.— Earnings.— For calendar years 1907- and 1906: Year — Gross. N e t. A ll I n t . Dividends. Bal. Sur l , p , 7 ......................... ..............$ 5 8 1 , 1 9 3 $ 4 9 0 , 9 3 1 $ 2 8 4 , 1 4 4 ( 2 % ) 1 3 0 , 0 0 0 $70 787 R *0 6 ............ - ----------- 3 8 2 , 3 9 6 ( C o m p a r e V . 8 4 , p . 6 9 7 ; V . 8 5 , p . 1 6 4 , 8 0 8 . ) T h e d iv id e n d s In clu d e q u a r t e r ly d is t r ib u t io n s N o s . 1 a n d 2 , e a ch 1 % n a ld on th e $ 6 ,5 0 0 ,0 0 0 s t o c k O c t . 18 1 9 0 7 a n d J a n . 2 0 1 9 0 8 , r e s p e c t l v e l v C o m p a r e V . 8 4 , p . 6 9 7 ; V . 8 5 . p . 1 6 4 , 8 0 8 .) *' South Atlantic Car & Manufacturing Co.— Mortgage.— The company, it is reported, has filed a mortgage to secure an issue of $300,000 of 6 % bonds. Compare V . 85, p. 1406. South Baltimore Steel Car & Foundry Co.— Stockholders’ Committee.— J. Olney Norris, William P. Harvey, Thornton Rollins, James S. Frick, Solomon Frank, Charles Adler and Howard C. McComas have organized as a committee to look after the interests of the stockholders.’ The “ Baltimore Sun” of Jan. 29 said: T h i s p r o t e c t i o n Is s a i d t o b e d e e m e d n e c e s s a r y In v i e w o f t h e r e n o r t „ t h e r e c e i v e r s a n d t h e s u i t o f t h e D e c a t u r C a r W h e e l * M f g . C o t o <• h n a lle g e d lia b ilit y o n b e h a lf o f t h e p r e fe r r e d s t o c k h o ld e r s t o n ; ' S, d i f f e r e n c e b e t w e e n t h e p u r c h a s e p r i c e o f t h e i r s t o c k a n d I t s p a r v a l u e 'i n o a l s o t h e c l a i m m a d e f o r t h e fu l l v a l u e o f t h a t p a r t o f t h e c o m m o n Y n . - i r e c e lv e d a s a b o n u s w it h th e p r e fe r r e d s t o c k .— V . 8 5 , p . 114 6. Southern Steel Co., Gadsden, A la .— Trustees to Replace Receivers.— At Birmingham, A la ., on Feb. 4, the creditors elected W . H . Hassinger and John E . Morris of Birmingham and T . Stonewall Kyle of Gadsden as trustees to take charge of the property. T h e r e c e i v e r s , It Is s t a t e d , w i l l s u r r e n d e r t h e m a n a g e m e n t t o t h e t r u s t e e * on F eb. 20. J u d g e O . R . f l u n d l e y a l s o o n F e b . 4 n a m e d J . I V AI e Q u e c u U . M . D r e n n e n a n d G e o . S h i r l e y , a ll o f B i r m i n g h a m , a s a p p r a i s e r s to p a s s u p o n th e v a lu e o f th e p r o p e r t ie s . ’ a p p r a is e r s , to Reorganization Committee.— The following reorganization committee is announced, the four men first named beiiw the first mortgage bondholders’ committee (V. 86, p. 55): ° ,„Robert1 11nJ A m R r nV<? ? ft! W ai ? t B . V a n C o r tla n d t, W a lt e r T . R o s e n . F r a n k J in Q . B r o w n , O t t o l . B a n n a r d , C o r n e l i u s V a n d e r b i l t a n d VV V ( i H a r d B ^ ’ | "e j aSt A lim e d b e ln t ? V i c e - P r e s i d e n t o f th e F ir s t N a tio n a l Bank of THE CHRONICLE. Feb . 15 1908.] D e p o s ita r y , N ew Y o r k T r u s t C o ., N e w Y o r k C ity . b lo w e r , M ille r & P o t t e r , N e w Y o r k . — V . 8 6 , p . 5 5 . C o u n s e l, H orn - Spanish-American Iron Co.— Valuation of Ore Property.— The “ Philadelphia Press” of Feb. 5 had the following, which we understand to be authoritative: C h a rle s M . S c h w a b , w h o h a s J u st r e tu r n e d fr o m C u b a , s a y s t h a t t h e P e n n s y l v a n i a S t e e l C o . ’ s o r e p r o p e r t y In C u b a , k n o w n a s t h e S p a n i s h - A m e r i c a n I r o n C o . , Is w o r t h $ 2 5 0 , 0 0 0 , 0 0 0 . C o m p a re V . 8 5 , p . 8 6 7 , 3oU , ~ 88. Spring Valley Water Co.— Report.— For year end. Dec. 31: C a le n d a r T o ta l N e t a fte r C o u p o n , & c . . D i v i d e n d s B a la n c e , S u r p lu s. In terest. T a xes. YearR ec e ip ts. $ 2 3 5 ,1 6 8 $ 7 1 8 ,5 4 0 $ 9 5 8 ,7 0 8 1 9 0 7 -_____S I ,0 , 8 2 , 7 7 9 $ 1 8 9 ,3 2 1 4 2 ,0 5 3 9 4 3 ,0 7 5 1 ,1 7 4 ,4 4 9 1 0 0 6 ._ . . . 2 ,4 4 7 ,5 8 6 F r o m t h e b a l a n c e a s a b o v e In 1 9 0 7 w e r e p a i d $ 1 . 1 6 2 o n a c c o u n t o f d i v i d e n d s d e c la r e d p r io r to A p r il 1 9 0 6 , le a v in g $ 2 3 3 ,9 8 6 . I h e i e v v a s a l s o t.\ p e n d e d o n a c e u n t o f p e r m a n e n t I m p r o v e m e n t s d u r in g 1407 th e su m o f $ 3 5 5 ,4 9 3 . i n 1 9 0 6 $ 2 6 2 , 6 4 5 , e x p e n d e d fo r p e r m a n e n t I m p r o v e m e n t s , w a s I n c l u d e d In o p e r a t i n g e x p e n s e s , a l s o $ 2 3 6 , 4 0 8 f o r r e p l a c e m e n t s a t t a i n s . $ 3 3 5 , 3 4 3 f o r t h e l a t t e r p u r p o s e In 1 9 0 7 . V . 84, p. o il. (The) Stanley W orks, New Britain, Conn.— Charter Amendment— New Stock.— This company, maker of hard ware specialties, has amended its charter to authorize. (1 ) T h e t r a n s m i s s i o n o f e l e c t r i c p o w e r f o r o p e r a t i n g a n d l i g h t i n g t h e p l a n t f r o m a p r o p o s e d p o w e r p l a n t In K e n t o n t h e H o u s a t o n l c R i v e r , a n d ( 2 ) t o a n I n c r e a s e In t h e c a n i t a l s t o c k f r o m 3 1 , 5 0 0 , 0 0 0 ( t h e p r e s e n t a m o u n t ) t o $3 0 0 0 0 0 0 fr o m tim e t o tim e a s n e e d e d . N o b o n d s o r m o rtg a g e o u t s ta n d in g P r e s i d e n t , \V. I I . H a r t : S e c r e t a r y a n d T r e a s u r e r , L . H . P e a s e . C o m p a n y I n c o r p o r a t e d In C o n n e c t i c u t In 1 8 5 2 . C om p a re V . 8 3 , p . 100. Submarine Signal Co.— New Treasurer.— Frederick Parker, a director of the company, has been elected Treasurer in place of H . N. Anderson, resigned.— V . 85, p. 1233. Suffolk (V a.) Gas Co.— Receivership— Certificates.— Judge Waddill in the United States Court, who recently appointed J. V . Burgess and David S. Mills receivers has authorized the latter to issue 830,000 receiver's certificates.— V . 83, p. 1233. Susquehanna Iron & Steel Co.— Liquidation.— The “ Phila delphia Financial Bulletin” of Philadelphia on Jan. 25 said: C . C . K a u f f m a n , o n e o f t h e r e c e i v e r s , s«ald y e s t e r d a y t h a t o n l y a b o u t 5 0 % o f th e c r e d it o r s ’ c la im s c o u ld b e p a id , le a v in g n o t h in g fo r th e h o ld e r s o f th e ( $ 1 ,5 0 0 ,0 0 0 ) s t o c k . T h e r e c e iv e r s h ip r e c e ip t s f r o m D e c . 1 1 9 0 3 t o t h e lln n l a c c o u n t i n g , J u st p r e s e n t e d t o th e c o u r t , w e r e $ 6 ,5 6 4 ,7 1 2 a n d th e e x p e n s e s $ 6 ,5 4 1 ,6 1 8 , le a v in g a b a la n c e o f o n l y $ 2 3 ,0 9 4 . O f t h e $ 5 6 0 ,0 0 0 p u r c h a s e p r ic e a t t h e fo r e c l o s u r e s a le s o m e m o n t h s a g o , t h e B l a k e s y n d i c a t e s t ill o w e s $ 1 0 0 ,0 0 0 . (T h e r e c e i v e r s ’ d e b t s w il l o f c o u r s e b e p a l I In f u l l . — l t d . T h e n e w c o m p a n y , t h e S u s q u e h a n n a I r o n C o . , Is c a p i t a l i z e d a t $ 1 , 0 0 0 , 0 0 0 , a l l o f t h e s t o c k b e i n g o w n e d e q u a l l y b y M i c h a e l B l a k e , C h a r l e s b r o c k , I . Is. S h a w a n d VV. W . D r i e s t . C h a rle s A . P o r t e r , th e fo u n d e r a n d P r e s id e n t o f th e o ld c o m p a n y , d ie d se v e ra l w e e k s a g o .— V . 8 4 , p . 1 3 7 2 . Toronto Electric Light Co.— Earnings.— Dividend creased.— For calendar year: In Y ea r— • R even u e. A ll E x p en ses. D iv id e n d s. H a l .. S u r p . 11107 ....................... $ 1 , 0 3 9 , 7 1 6 $ 6 5 1 ,9 2 6 (8 % )$ 2 4 5 ,5 0 3 $ 1 4 2 ,2 8 7 1 9 0 6 ______ . .. 8 9 9 ,5 7 8 5 6 2 ,S48 ( 7 '4 % ) 2 1 7 , 2 7 1 1 1 9 ,4 5 9 T h e a b o v e s u r p lu s , $ 1 4 2 ,2 8 7 fu r 1 9 0 7 , a d d e d t> t h e t o t a l p r e v io u s s u r p lu s o f $ 1 8 ,0 5 8 , m a k e s a t o t a l < f $ 1 6 0 ,3 4 5 , o f w h ic h $ 1 5 0 ,0 0 0 w a s t r a n s fe r r e d t o r e s e r v e a c c o u n t , le a v in g a t o t a l s u r p lu s D e c . 31 1 9 0 7 , a s p e r b a l a n c e s h e e t , o f $ 1 0 ,3 4 5 .— V . 8 5 , p . 7 3 7 . Toledo Ice & Coal Co.— Ice Companies Convicted of Vio lating Anti-Trust Laws.— The Supreme Court of Ohio having affirmed the conviction last June of the officials of the com pany, the Ilygeia Ice Co. and other companies in June last of violation of the State (Valentine) anti-trust law, Judge Kinkade on Feb. 4 sentenced the managers of the two companies named and a third official to six months’ im prisonment in the county jail and ordered them to pay the costs of the prosecution. Union Natural Gas Co., (Pittsburgh, Pa.).— Earnings.— For calendar years 1907 and 1900, also the months Jan. and Feb. 1908 and 1907: P e r io d G ross O p e r a tin g I n t .o n Gas D iv id e n d s B a la n c e , C overed - ea r n in g s, e x p e n s e s . B d s . ,& c . P u r ch a sed , on sto ck , s u r p lu s. Y e a r 1 9 0 7 $ 3 ,6 5 8 ,0 9 0 $ 1 ,1 4 3 ,6 3 6 $ 2 6 8 ,0 7 9 $ 4 3 6 ,5 0 2 (1 0 )$ 9 0 0 ,0 0 0 $ 9 0 9 ,8 7 3 Y e a r 1906 2 ,9 9 0 ,9 2 6 9 4 3 ,5 1 2 2 6 8 ,6 0 0 4 2 2 ,8 6 3 (8 )7 2 0 ,0 0 0 6 3 5 ,9 5 1 X2 m o s . , ’ 0 8 8 9 0 ,0 0 0 — ---------------$ 2 9 0 , 0 0 0 ------------------- (2 >4) 2 2 5 , 0 0 0 3 7 5 .0 0 0 X2 m o s . , ’ 0 7 7 6 8 ,0 0 0 2 6 8 ,0 0 0 (2 )^ )2 2 5 ,0 0 0 2 7 5 ,0 0 0 a; A p p r o x i m a t e f i g u r e s . — V . 84, p . 748. United Bank Note Corporation.— Large Orders Executed by Controlled Company.— See item regarding American -Bank Note Co. under “ Miscellaneous News” on a preceding page of this issue.— V . 85, p. 737. United Gas Improvement Co., Philadelphia.— New Stock Issue Expected.— The “ Philadelphia Ledger” of Feb. 13 said: A s p e c ia l m e e t in g o f d ir e c t o r s o f t h e U i d t e d G a s I m p r o v e m e n t C o . w ill b e h e ld w it h in t h e n e x t t h r e e w e e k s t o c o n s id e r a p la n t o f u r t h e r fin a n c e th e n e e d s o f th e c o m p a n y b y a n Issu e o f a d d it io n a l s t o c k . T he board m et o n T u e s d a y , b u t no* a c t i o n w a s t a k e n o n t h e s u b j e c t , Its c o n s i d e r a t i o n b e in g le f t u n t i l t h e c o m p a n y ’ s e n g in e e r in g d e p a r t m e n t lia s s u b m i t t e d a r e p o r t as t o th e I m m e d ia t e n e e d s . T h e r e Is r e a s m t o b e l i e v e t h a t a n a l l o t m e n t o f 2 0 % , o r $ 9 ,1 7 6 ,9 7 0 , w ill b e m a d e p r o r a t a t o s t o c k h o ld e r s a t p a r . - V . 8 5, p . 1146, 44. 425 — Spencer Trask & Co., investment bankers, this city, announce the publication of the 1908 edition of their booklet entitled “ Statistical Tables.” In accordance with their cus tom for the past twenty-five years, the firm will distribute free copies of it to all investors who apply for “ Booklet No. 138.” This year's edition is pocket size, comprising 84 pages, and is replete with information relating to American railroad and industrial companies, together with details covering practically all the securities dealt in upon the New York Stock Exchange. The pages devoted to statistics of railroad bonds show the' amount outstanding, interest rate and dates, the number of miles upon which the bonds are a lien; high, low and last price in 1907 and approximate yield. Information of the same general character is given of the bonds of street railway, gas, electric-light and industrial companies and the U. S. Government. There are many pages of general statistics regarding railroads, mileage op erated, capitalization, dividends and payment dates, gross and net earnings, fixed charges, the market range of stocks for 1907. The records of the street railways, electric-light and industrial companies are treated in the same compre hensive way. The booklet also contains a ’ list of the stocks which are cumulative or non-cumulative as to dividends, amount of dividends to which preferred stocks are entitled, and whether or not they are also preferred as to assets. — A . M. Kidder & Co., bankers, 18 Wall S t., are to-day offering 800 shares of tax-exempt Chicago & Eastern Illinois It It. Co. G% preferred stock trust certificates (issued by the St. Louis & San Francisco R R . Co.) at a price to yield 5 )4 % . If held to maturity, 1942 (when redeemable at 150), this stock will yield the purchaser 6 ) 4 % For the past 20 years dividends of 6 % per annum have been paid uninterruptedly on the Chicago & Eastern Illinois preferred stock. The St. Louis & San Francisco R R . owns the entire $7,217,800 of outstanding common stock,against which it has issued its interest-bearing stock trust certificates. For the year ended June 30 1907 the earnings of the Chicago it Eastern Illinois were equal to 1 5 .9 5 % on the common stock. — The new commercial paper brokerage house of August Schlafly it Sons has opened offices on the fourth floor of the St. Louis Third National Bank Building. The firm consists of August Schlafly, his four sons, and Lewis W . Thomson. Mr. Schlafly Sr. was formerly President of the Missouri Lincoln Trust Co. and is now President of the Union Trust & Savings Bank, East St. Louis. His son,*J. F red .Schlafly, is Assistant Cashier of the latter institution; and another son, L. A . Schlafly (both partners in the new firm), is Assistant Cashier of the Citizens’ National Bank of Alton, 111. Mr. Thomson was for three years associated with the Mercantile Trust Co. of St. Louis and afterwards with Geo. H . Burr&Co. — The American Bank Note Co. of New York has com piled some interesting figures with reference to the printing of three bond issues recently turned out by them, namely, the Pennsylvania and New York New Haven & Hartford French loans and the New York municipal 4 ) 4 % bonds, together aggregating over 8100,000,000 face value. In the preparation of the three issues there were required some 25 tons of paper, 47 tons of ink, 32 miles of wire stapling, 158 miles of tape, 1,900,000 signatures and 1,580,000 seals. The bonds, if laid end to end, would form an unbroken path approximately 540 miles long. — “ Bond Offerings Indexed,” edition of 1908, has been issued by Roger W . Babson of Wellesley Hills, Mass. The book includes about 4,400 railroad, traction, electric light, gas, industrial and other corporation bond issues which have been offered in whole or in part, together with the dealers offering the same, the maximum and minimum offering prices of the past year, and other information. The book is designed as a pocket directory of miscellaneous bonds, and is strongly bound in flexible leather; price S5. —-The Audit & Bond Co. of America is a new St. Louis corporation, of which J. M. Hays is President and W . L. Wilder' Secretary and Treasurer— both well-known business men of that city. They have established offices in the new Third National Bank Building. The main objects of the company are to audit corporation accounts and municipal books, to promote the merging of competitive industries, to buy and sell commercial paper, and to deal in State, county and municipal bonds. — On Feb. I George H . Burr & Co., bankers and dialers United States Steel Corporation.— Business.— President in commercial paper, removed their St. Louis offices from Corey was quoted on Feb. 7 as saying: O u r b u s in e s s , w h i c h w a s a t lo w e b b In t h e m i d d l e o f D e c e m b e r , w h e n w e w e r e p r o d u c i n g o n l y 3 6 % o f < u r c a p a c i t y , h a s g r o w n s t e a d i l y till n o w o u r m ills a r c p r o d u c in g b e t w e e n 4 5 % a n d 5 0 % o f th e u s u a l p r o d u c t io n . T h e d e m a n d f o r w i r e , t u b e s a n d t i n p l a t e Is g o o d . — V . 8 6 , p . 3 4 0 , 2 8 3 . York (Pa.) Telephone & Telegraph Co.— Bonds Offered— Earnings.— W . H. Quaw & Co., Continental Bldg., Balti more, and C. C. Frick & Co., York, P a., in offering a block of the first mortgage 5s, dated May 1 1907, on a basis to yield the investor about 5 ) 4 % , report the earnings and number of telephones as follows: Year. R e c e ip t s .N r t E a m s . P h o n e s I Y e a r . 1907 ...$ 7 0 ,2 1 2 $ 2 9 , 9 8 6 3 ,2 9 1 1 9 0 5 1906 . . . 6 2 ,6 7 2 2 5 ,4 1 9 2 ,9 7 0 | 1 9 0 4 R e c e i p t s .N e t E a r n s . ..$ 5 5 ,0 4 1 $ 2 1 ,3 5 0 . . . 4 6 ,2 4 6 1 6 ,9 1 5 P h on es 2 ,4 8 0 2 ,2 5 5 C. C. Frick is President and II. H . Weber, York, Pa., Secretary and Treasurer. See further particulars, V. 85, p . 1407, 1592. the Security Building to a spacious and newly equipped suite on the third floor of the new Third National Bank Building, corner of Broadway and Olive Street. E . C. King is the St. Louis resident manager of this firm, which has offices also in New York, Boston and Chicago. — Millett, Roc & Hagen, members of the New York Stock Exchange, 3 Broad St., New York, and 10 Post Office Square, Boston, offer for immediate sale their award of the new issue of New York City tax-exempt 4 ) 4 % bonds, due 1957, at a price which will be attractive to the purchaser. — Thomas J. Phillips has resigned his position with the American Smelting & Refining Co. to become a partner in the banking firm of Webb & Co., 74 Broadway. — W m . Salomon & Co., 25 Broad S t., invite proposals for the new issue of New York City 4)4>s. 4*2(3 THE CHRONICLE. (Som m cvcial 3 pm * 2 . COMM ERCIAL EPITOM E. Friday Night, Feb. 14 1908. Trade is slowly mending, but this does not alter the fact that conservatism is everywhere the dominant note in the American business world. Some mills and factories are resuming work on full time in various branches of industry. Prices in not a few instances, however, are somewhat lower. The effect of easy rates of money has been somewhat neutral ized by a sharp decline in the stock market. L A R D on the spot has declined, owing to liberal receipts of live hogs, depression in the market for futures at the W est, declining grain markets and increasing supplies. Trade has been dull at the decline. City 6 % c . and Western 7 .2 0 @ 7.30c. Refined lard has been easier for Continent and steady for other grades. Trade has continued quiet and confined to jobbers. Refined Continent 8.1 0c., South America 8.85c. and Brazil, in kegs, 10.15c. Speculation in lard futures at the West has been active at declining prices. Depressing factors have been the weakness in grain, liberal receipts of hogs and the dulness of the cash trade. Packers have sold freely. Some investment buying has been noticeable of late. D A I L Y C L O S I N G P R I C E S O P L A R D F U T U R E S I N CHICAGO. .Sa t. M a y d e l i v e r y -----------------------7 . 5 2 K J u l y d e l i v e r y ______________ 7 . 7 0 M on. 7 .4 7 7 .G 5 T u cs. 7 .4 2 7 .6 0 W ed. H e llday. T h u rs. 7 .2 7 « 7.42-^ F r l. 7.17'4 7 .3 7 1 4 PO R K oil the spot has been dull and weak, owing to de pression in other provisions, larger supplies, a large hog movement and the continued dulness of trade. Mess $13 75 @ $ 1 4 25, clear $ 1 5 @ $ 1 6 25 and family $10 7 5 @ $ 1 7 . Beef has been steady, as a rule, with a fair demand for small lots, largely for export. Mess $10 5 0 @ $ 1 1 , packet $11 5 0 @ $ 1 2 , flank $11 5 0 @ $ 1 2 , family $ 1 3 @ $ 1 4 25 and extra India mess $20 5 0 @ $ 21 50. Cut meats have been dull and easier; pickled hams 8]x j@ 9 c ., and pickled bellies, 14 @ 1 0 lbs., 7 @ 7 % c . Tallow has been dull and easier; City 5 @ 5 ^ c . Stearines have been dull and easier; oleo 734c. and lard 8*4c. Butter has been moderately active and steady; creamery extras 34c. Cheese has been quiet and steady; State, f. c ., small, colored or white, fancy, I5% u- Eggs have been quiet and easier; Western firsts 22c. O IL .— Cottonseed has been dull and easier; prime summer yellow 3 7 @ 3 7 j4 c . Linseed has been quiet and steady; City, raw, American seed, 4 4 @ 4 5 c .; boiled 4 5 @ 4 6 e . and Calcutta, raw, 70c. Lard has been steady with trade quiet and con fined to small jobbing lots. Prime 6 9 @ 7 1 c . and No. 1 ex tra 52@ 54c. Cocoanut has been quiet and steady; Cochin 8 @ 8 3 4 c . and Ceylon 6 % @ 7 > £ c . Olive has been in moderate demand and steady; yellow (55@75c. Peanut has been dull and steady; yellow 6 5 @ 8 0 c . Cod has been moderately ac tive and steady; domestic 4 2 @ 4 3 c . anti Newfoundland 44 45c. C O FFEE on the spot has been quiet and steady. Rio No. 7. 6 3 4 @ 6 3 4 c . West India growths have been steady witli a moderate jobbing trade. Fair to good Cucuta 9 % @ 9 3 4 c . Speculation in future contracts has been on a small scale. Prices have moved within a narrow compass with the tone eatier in the main, owing to weakness at times in the Euro pean markets, foreign selling and liquidation by tired local holders. Local dealers and roasters have given support at times, but in the main there has been more disposition to sell than to buy. The closing prices were as follows: [VOL. LXXXYI C O T T O N . Friday Night, Feb. 14 1908. T H E M O VEM EN T OF T H E CROP as indicated by our telegrams from the South to-night is given below. For the week ending this evening the total receipts have reached 180,092 bales, against 215,113 bales last week and 284,735 bales the previous week, making the total receipts since the 1st of September 1907, 6,571,304 bales, against 7,733,988 bales for the same period of 1906-07, showing a decrease since Sept. 1 1907 of 1,162,684 bales. R e c e ip t s a t— S a t. _______ G a lv e s to n P o r t A r t h u r _____ C o r p u s C h r ls tl ,& c N e w O r l e a n s _____ M o b i l e ..................... P e n s a c o l a ________ J a c k s o n v ille , & c. S a v a n n a h ________ B r u n s w i c k _______ C h a r l e s t o n _____ G e o rg e to w n _W i l m i n g t o n _____ N o r fo lk ________ N ew p’t N ew s, &c N e w Y o r k ________ B o s t o n __________ B a ltim o r e ____ P h i l a d e l p h i a ____ 1 2 ,5 7 8 T o t a l s th is w e e k - 2 8 ,5 5 6 M on. T u es. W e il. 1 0 ,7 8 4 1 0 ,3 1 4 1 2 ,3 5 5 7 'lia r s. 7 3 ,6 1 5 5 ,8 7 2 646 8 ,8 2 2 766 2 ,4 8 7 7 ,1 8 5 407 2 ,4 1 5 2 ,4 8 7 4 0 ,6 8 2 6 ,3 4 2 3 ,4 5 0 70 1 6 ,6 3 7 1 ,4 8 3 1 ,0 3 8 1 3 ,5 6 2 2 ,3 2 8 3 ,6 0 3 ""4 4 3 ,0 1 2 2 ,3 2 0 "3 5 2 ,5 0 6 200 '2 8 1 'I 6£ 178 1 ,1 8 1 4 ,6 1 6 2 ,2 2 3 495 2 ,4 9 8 1 ,2 8 6 1 ,4 5 3 52 20 28 " og 830 1 ,3 3 3 7 ,0 5 7 53 90 3 ,7 0 2 50 323 3 ,7 0 2 278 2 6 ,1 5 9 2 8 ,2 2 3 1 8 0 ,0 9 2 — 141 3 8 ,6 2 0 2 4 ,4 2 5 2 ,6 8 2 1 ,4 8 3 112 1 ,0 3 3 1 ,0 7 0 104 4 — 3 4 ,1 0 0 T o ta l . 6 ,8 1 3 5 ,0 3 1 1 ,1 6 8 o ', 2 1 6 1 ,0 2 7 3 ,4 5 0 F r l. 1 1 ,7 7 1 194 • ^°^ow^nS s^ows the week’s total receipts, the total since Sept. 1 1907, and the stocks to-night, compared with last year: 1 9 0 7 -0 8 . R e c e ip t s to F ebru a ry 14. T h is w eek. G a l v e s t o n ............ .. _ P o r t A r t h u r _______ C o r p u s C h r ls tl & c , N e w O r l e a n s _____ M o b i l e ........................ P e n s a c o l a __________ J a c k s o n v lle , & c . S a v a n n a h . ............ B r u n s w i c k ________ C h a r l e s t o n ________ G e o r g e t o w n ----------W i l m i n g t o n _______ N o r f o l k _____________ N e w p o r t N c w s ,& c N e w Y o r k . ___ B o s t o n --------------------B a l t i m o r e __________ P h i l a d e l p h i a _____ T o t a l _____________ 1 9 0 6 -1 7 S in c e S e p 1 1007. T h is w eek. S to c k . S in c e S e p 1 1906. •1008. 7 3 , 6 1 5 1 , 8 9 0 , 2 1 3 1 0 2 ,5 6 1 3 , 0 7 1 , 3 7 5 9 2 ,4 8 7 1 1 4 ,7 5 4 7 ,3 0 0 2 ,4 8 7 3 3 ,3 2 4 2 8 ,1 7 2 4 9 ,6 8 2 1 ,5 1 3 ,0 3 5 4 3 ,7 1 1 1 ,8 0 2 ,2 7 0 6 ,3 4 2 2 7 1 ,6 1 2 2 1 8 ,8 0 4 3 ,2 1 7 3 ,4 5 0 1 2 0 ,8 5 7 5 ,4 7 7 1 0 3 ,8 0 2 79 6 ,7 7 3 6 ,4 4 0 326 1 6 , 6 3 7 1 ,3 0 9 , 3 3 5 2 0 , 6 6 0 1 ,2 4 8 , 7 2 6 1 ,4 8 3 1 9 5 ,2 5 8 2 ,5 4 8 1 3 7 ,4 6 7 1 ,0 3 8 1 8 3 ,8 1 5 1 ,8 0 8 337 1 ,0 8 2 7 ,0 5 7 4 3 3 ,2 0 1 2 0 0 ,2 1 8 2 ,5 5 1 1 3 ,7 2 5 4 3 7 ,5 4 7 1 0 ,7 8 7 4 5 2 ,3 4 5 194 5 ,6 1 6 2 ,8 0 6 2 8 ,0 2 8 _____ 2 ,0 7 0 78 1 3 ,1 0 5 323 5 ,3 3 4 1 ,4 1 0 4 4 ,7 3 8 3 ,7 0 2 4 8 ,6 3 5 2 ,6 2 8 3 0 ,5 7 0 278 5 ,9 5 6 100 4 ,4 5 7 1 8 0 ,0 9 2 6 ,5 7 1 ,3 0 4 2 0 8 ,1 4 3 7 ,7 3 3 ,0 8 8 1907. 2 3 3 ,8 1 1 3 5 7 .5 13 2 3 3 ,1 8 0 3 7 ,3 4 6 3 1 3 ,0 1 2 2 8 ,0 2 0 8 6 ,2 1 2 1 7 ,7 4 0 1 8 ,1 0 8 1 1 8 ,4 2 4 1 1 ,9 0 6 1 3 ,2 5 8 5 ,6 6 6 2 3 ,0 4 7 80 1 1 3 ,0 7 6 8 ,4 8 0 1 3 ,8 7 2 3 ,1 2 9 1 0 ,3 4 7 4 2 ,8 9 6 5 ,4 4 8 1 4 4 ,6 1 3 1 0 ,8 8 0 1 1 ,6 9 9 2 ,3 0 0 7 9 3 ,7 4 7 1 ,1 1 2 ,0 0 6 In order that comparison may be made with other years we give below the totals at leading ports for six seasons: R e c e ip t s a t— G a l v e s t o n ____ P t. A r th u r, & c. N e w O r le a n s . 1908. 1907. 1006. 1905. 1004. 1903. S a v a n n a h ___ B r u n s w i c k ___ C h a r le s t o n ,& c W llm ln g ’ n — N o r f o l k ----------N ’p o r t N ., & c A l l o t h e r s -------- 7 3 ,6 1 5 2 ,4 8 7 4 9 ,6 8 2 6 ,3 4 2 1 6 ,6 3 7 1 ,4 8 3 1 ,0 3 8 7 ,0 5 7 1 3 ,7 2 5 1 04 7 ,8 3 2 1 0 2 ,5 6 1 7 ,3 9 0 4 3 ,7 1 1 3 ,2 1 7 2 0 ,6 6 0 2 ,5 4 8 1 ,8 0 8 2 ,5 5 1 1 0 ,7 8 7 2 ,8 9 6 1 0 ,0 1 0 5 5 ,0 2 3 6 ,2 4 1 4 1 ,3 7 3 1 ,2 3 3 1 1 ,6 8 2 2 ,5 4 6 1 ,3 8 1 598 4 ,7 2 2 327 6 ,1 0 0 1 3 ,1 6 3 2 ,4 9 0 2 1 ,0 3 5 3 ,0 4 8 1 3 ,6 3 1 1 ,0 2 5 1 ,2 5 8 2 ,5 1 0 6 ,9 8 1 478 2 ,0 4 7 2 9 ,5 5 1 1 ,3 6 8 3 1 ,4 0 4 1 ,3 0 7 0 ,7 2 4 1 ,9 5 8 505 688 6 ,3 6 5 1 ,4 8 7 3 ,4 1 4 1 ,8 2 3 5 ,0 1 7 0 ,1 4 5 296 ' 1 0 ,3 8 3 T o t a l t h is w k . 1 8 0 ,0 9 2 2 0 8 ,1 4 8 1 3 1 ,2 3 5 6 8 ,5 6 6 8 7 ,9 2 1 1 5 2 ,0 0 9 4 5 ,7 4 9 4 ,9 0 7 4 2 ,2 9 4 2 ,9 1 2 2 8 ,9 5 7 S in c e S e p t . 1 . 6 ,5 7 1 ,3 0 4 7 ,7 3 3 ,9 8 8 5 ,0 9 5 ,2 8 6 6 ,7 9 5 ,5 3 7 6 ,3 2 6 ,6 7 8 6 ,3 6 5 ,6 0 1 The exports for the week ending this evening reach a total of 173,929 bales, of which 54,599 were to Great Britain, France and 85,432 to the rest of the Continent. the exports for the week and since Sept. 1 1907. - _ F e b r u a r y . , ----------- 6 . 0 0 c . ( J u n e ..................................- 6 . 1 0 c . |O c t o b e r _____________ 6 . 2 5 c . 33,898 M a rch 6 .0 0 c . [J u ly . . — _ 6 . 1 5 c . |N o v e m b e r _____ 6 . 3 0 c . to A p ril .. 6 .0 0 c . I A u g u s t ____ 6 . 2 0 c . | D e c e m b e r _6 . 3 5 c . Below are M a y - ------- --------------6 . 0 5 c . I S e p t e m b e r 6 . 2 5 c . ( J a n u a r y ________________________ 6 . 3 5 c ! S U G A R .— Raw has been easier, owing to larger offerings from Cuba and Porto Rico. Centrifugal, 9t3-degrees test, 3.67c.; muscovado, 89-degrees test, 3.17c., and molasses, 89-degrees test, 2.92c. Refined has been dull for new busi ness, and withdrawals on contracts have been light as a rule. Granulated steady at 4.80c. Teas have been firm and more active. Spices have been moderately active and generally steady. Hops have been quiet and steady. P E T R O LE U M has been in good demand and firm. Re fined, barrels 8.7 5c ., bulk 5c. and cases 10.90c. Gasoline lias been firm and active; 86-degrees in 100-gallon drums 22c.; drums $8 50 extra. Naphtha has been in brisk demand and firm; 7 3 @ 7 6 degrees in 100-gallon drums 19c.; drums $8 50 extra. Spirits of turpentine has been quiet and steady at 54@ 55c. Rosin has been quiet anti easier; common to irood strained $3 75. 6 TO B AC C O .— Domestic leaf has ruled steady, but the buy ing of late has been on so restricted a scale that quotations are to a laige extent merely nominal. The withdrawals of Sumatra, too, have fallen off noticeably. Manufacturers as a rule report no increase in the consumption of cigars, and the buying of leaf is only to fill immediate needs. CO PPER has been dull and easier; lake 1334@ 1354c. and electrolytic 12j/s@ 1 3 3 4 c . Lead has been quiet and steady at 3.75c. Spelter has been quiet and strong at 3 .7 5 @ 4 .8 5 c . Tin has been quiet and firmer at 29.60c. Iron has been quiet and steady; No. 1 Northern $18 5 0 @ $ 1 8 75 and No. 2 South ern $17 2 5 @ $ 1 7 75. E x po rts from — 1Veek ending F e b . 1* E x po rted to— Great C o n ti B ritain. F r ’ nce n en t. 1908. F ro m S ep t. T otal. Great B rita in . G a lv e sto n -----........... 13,798 30,135 43,033 Port A r th u r .-, Corp.Chrlstl,&c New O rleans.. 36,153 2 0 .0 0 C 11 ,S54 68,007 Mobile ............. ______ .... 8,399 8,300 P e n sa co la -----3,701) 3,700 Pernandlna ._ Savannah ____ 4,587 6,863 11.450 Brunswick. . . Charleston-----W ilm ington. . . 14,175 14,175 N o rfo lk ........... 1 .6 1 6 .... 1 ,0 1 0 Newport News _____ New Y o rk -----S.OOP 166 8,576 16,766 Boston ... 850 148 l ,007 B a ltim ore-----200 2,187 2,387 Philadelphia . . 249 249 ........... Portland, M e .. San Francisco ......... 2,846 2,846 Seattle ........... T a c o m a ........... ----Portland, Ore. P e m b in a ......... ........... ........... D etroit----------T otal............. 5 4 .5 9 9 1 1907 to F e b . E x po rted to— France 770,765 237,182 43,67^ 640,588 191,571 61,45<J 41,251 38.135 30,704 155,033 83,834 77,570 10,408 122,757 28,520 25,560 1,336 206,101 27,322 119,513 35,303 3,487 35,523 ........... Tota l. 547,104 1,555,051 48,814 02,487 1,328 1.328 434,OSS 1.276,117 86,313 189,023 59,527 134,366 533,721 81,331 34,050 281,048 4,327 205,610 5,432 58,673 8,849 772,588 158,901 44,518 432,325 29,887 1,336 439,036 124,945 07.463 44,372 ----- 40,307 40,206 28,543 40,307 40,206 28,543 ........... .............. 1 ' 1,625 C on ti nent 14 1908. l',625 33,898 85,432 173,929 2,354,413 649,871 2,509,141 5,513,425 Total 1906-07. 102,114 46,901 60,935 210,040 2,698,901 719.798 2.532,828 5,051,617 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 for— Feb. 14 at— 1 Great Britain, France Ger many- Other Coast Foreign wise. Leaving stock. Total. New Orleans. . G a lv esto n ------Savannah -----C h a r le sto n ___ M o b ile________ N o r f o lk ---------New Y o r k - . . . Other ports. 10,481 42,620 9,450 25.582 17,579 45,970 4.500 1.500 4,000 5,900 10,800 "200 l",800 9,000 2.500 1.500 652 47,156 8,744 140,144 1 .500 1,500 950 950 350 21,550 17,000 18.500 8.500 20.500 Total 1008. . Total 1907 Total 1 9 0 6 .. 73,107 75,050 62,088 41 ,138 12.209 15,400 85,149 70,932 38,285 30,210 3 8 ,1J7 21,510 29,196 258,800 39,750 236,058 17.872 155,821 10,0 00 8,988 17,222 186.024 93,007 84,712 17,158 15,790 4,547 104,570 28,467 534,977 875,948 708,072 F U T U R E S .— T h e h ig h e s t, lo w e st a n d d o s in g N e w Y o r k th e p a s t w e e k h a v e b e e n a s fo llo w s : © S p e c u l a t i o n in c o t t o n fo r f u t u r e d e l i v e r y h a s c o n t i n u e d q u ie t. a n d p r ic e s h a v e l a t t e r l y d e c li n e d , o w i n g p a r t l y t o t h e d u ln e s s o f s p e c u l a t i o n , p a r t l y t o s t a g n a t i o n a n d d e p r e s s i o n i n L i v e r p o o l , w h e r e s a le s o n t h e s p o t d r o p p e d o n F r i d a y t o 3 . 0 0 0 b a l e s , p a r t l y t o a d i s t u r b e d s t o c k m a r k e t a n d fi n a lly t o s c a t t e r e d l o n g " l i q u i d a t i o n a t t r i b u t e d in p a r t t o l e a d i n g N e w Y o r k in te r e s ts . L iv e r p o o l, N e w O r le a n s , t h e S o u t h a n d W a l l S t r e e t h a v e a ll s o l d , a n d lo c a l t r a d e r s h a v e n o t f a i le d to in c r e a se th e d e p r e ssio n b y th e u s u a l t a c t ic s . A good m a n y s to p -lo s s ord ers h a v e b e e n r e a c h e d . T h e M is s is s ip p i L e g i s la t u r e h a s p a s s e d a l a w a b o li s h i n g b u c k e t s h o p s a n d c lo s i n g a ll f a c i l it i e s in t h a t S t a t e f o r t r a d i n g in c o t t o n f u t u r e s , t h r o u g h p r i v a t e -w i r e h o u s e s , o r o t h e r w i s e , o n a n d a f t e r June 1. T h is m e a n s t h a t m o s t o f th e S o u th e r n S ta te s n o w h a v e la w s o n t h e i r s t a t u t e b o o k s f o r b i d d i n g t r a d i n g in fu tu re s. I t is l i t t l e w o n d e r , t h e n , w i t h S o u t h e r n t r a d i n g so la r g e ly c u t o l f , t h a t t h e s p e c u la tio n h e re s h o u ld b e so q u ie t, t h o u g h t h e d u ln e s s is l a r g e l y d u e , n o d o u b t , t o t h e g e n e r a l d i s p o s it i o n in t h e b u s in e s s w o r ld t o p r o c e e d c a u t i o u s l y in a ll k in d s o f t r a n s a c t i o n s , s p e c u l a t i o n , v e r y n a t u r a l l y , b y n o m ean s e x c e p te d . The rep o rt o f th e N a t io n a l d in n e r s ’ A s s o c ia tio n s h o w in g th e a m o u n t o f c o t t o n g in n e d u p to F e b . 7 t o h a v e b e e n 1 0 , 5 9 3 , 0 0 0 b a l e s , w a s r e g a r d e d a s b u ll i s h , b u t i t h a d p r a c t i c a l l y n o e f f e c t , h a v i n g b e e n t o a la r g e e x te n t d is c o u n te d . M o r e o v e r , L iv e r p o o l a d v ic e s o n t h e d a y o n w h i c h t h e s e fig u r e s a p p e a r e d , T u e s d a y , w e r e d i s a p p o i n t i n g , p a r t l y o w i n g t o E g y p t i a n a n d A m e r i c a n s e l l in g t h e r e ; a n d E l l i s o n ’ s fig u r e s o f E u r o p e a n m i ll s t o c k s w e r e s t i ll s e e n to b e la r g e , r e a c h in g a to t a l o f 1 ,9 1 1 ,0 0 0 b a le s , a g a in s t 1 .4 0 3 .0 0 0 a y e a r a g o . T h e d e p r e s s in g fa c to r s e n u m e r a t e d h a d m o r e e f f e c t t h a n c o n t in u e d l i g h t r e c e ip t s , b o t h a t t h e p o r ts a n d th e in te r io r t o w n s . N o r w a s a n y p a r t i c u la r a t t e n t i o n p a id t o t h e f a c t t h a t t h e v i s i b l e s u p p l y o f a ll k i n d s o f c o t t o n o f l a t e h a s m a d e a b u lli s h e x h i b i t . T h e r e c e ip t s a t th e p o r ts h a v e s h o w n a d e c r e a s e th u s fa r th is s e a so n a b o u t t r e b l e t h e f a l li n g o f f in t h e e x p o r t s . N o th in g , h o w e v e r, s e m i s t o i n j e c t n e w life i n t o t h e s p e c u l a t i o n . I t is s t i ll a n a r r o w , p r o fe s s io n a l a f f a i r . M e a n tim e , a lth o u g h s o m e c o m p la in ts a rc h e a r d fr o m h e re a n d th e r e a t th e S o u th o f a s o m e w h a t b a c k w a r d s e a s o n , p r e p a r a tio n s fo r a n e w cro p s e e m t o b e p u s h e d w i t h v i g o r in T e x a s a n d t h e c o n d i t i o n o f t h e s o il is s a i d t o b e g o o d . S p o t m a rk e ts h a v e m o s t o f th e t i m e b e e n g e n e r a l l y r e p o r t e d f i r m , b u t i t is c le a r t h a t s p i n n e r s a re b u y in g o n o n ly a v e r y m o d e r a te sc a le , a lth o u g h s o m e o f t h e N e w E n g l a n d m i ll s a r e r e p o r t e d t o h a v e r e s u m e d .w o r k o n f u ll t i m e . T o -d a y th e r e w a s h e a v y liq u id a tio n b o t h a t h o m e a n d a b r o a d ,w it h r e p o r ts o f la r g e r o ffe r in g s o f t h e a c t u a l c o t t o n b y t h e S o u t h , a n d p r ic e s d e c li n e d s h a r p l y . S o m e le a d i n g o p e r a t o r s h e r e w e r e s a i d t o h a v e s o l d f r e e l y , a n d h o u s e s w ith W a l l S t r e e t, S o u t h e r n , W e s t e r n a n d L iv e r p o o l c o n n e c t i o n s a ls o s o l d . L iv e r p o o l a d v ic e s w e re v e r y d i s a p p o i n t i n g a s t o p r ic e s a n d t h e s p o t s a le s t h e r e w e r e t r i l l i n g . S p in n e r s o n b o t h s id e s o f t h e w a t e r a r e a p p a r e n t l y in c li n e d t o h o ld a l o o f . S p o t c o tto n h ere h a s b e e n q u ie t. M i d d l i n g u p la n d s c l o s e d a t 1 1 . 3 5 c . T h e o f f i c ia l q u o t a t i o n f o r m i d d l i n g u p la n d c o t t o n in t h e N e w Y o r k m a r k e t e a c h d a y fo r th e p a s t w eek h a s b e e n : Fel>. & to Feb. 14— Middling up land-----------------N EW YO R K Sat. - .1 1 .7 0 M on. 1 1 70 Q U O T A T IO N S W ed . H. T u cs. 11.65 FOR 32 T h u rs. F r i. .11.55 11.35 YEAR S. T h e q u o t a t i o n s f o r m i d d l i n g u p la n d a t N e w Y o r k o n F e b . 1 4 fo r e a c h o f th e p a s t 3 2 y e a r s h a v e b e e n a s fo llo w s : 7.19 1 8 8 4 .c 10.75 1D08.C............11.35 1 9 0 0 .c - - 8.88 1892-c . 9.12 1883 10.19 6.50 1891. ______ 1907_________ 1 1.0 0 1899 . 11.31 1882. 6.25 1890 . . . 1 1.0 2 11*00_________11.25 1898 7.00 1889_______ 10.00 1881 . _ . 1 1.50 1 9 0 5 ............... 7.70 1897 13.12 . . 8 .12 1888_______ 10.02 1880. 1904 ____ - - 14.80 1896 0.50 1879_______ . . . 5.62 1887 . . . 9.02 1903__________9.60 1895 9.06 1878 . 10.81 7.04 18 8 0 _____ 1 9 0 2 -- ........... 8.75 1894 . 12.8 8 1 9 0 1 __________9.50 1 8 9 3 --- .. - 9.12 1885_______ 1 ! .19 1877____ M ARKET AND SALES AT N EW Y O R K . T h e t o t a l s a le s o f c o t t o n o n t h e s p o t e a c h d a y d u r i n g t h e w e e k a t N e w Y o r k a r e i n d i c a t e d in t h e f o l l o w i n g s t a t e m e n t . F o r t h e c o n v e n i e n c e o f t h e r e a d e r w e a ls o a d d c o l u m n s w h i c h s h o w a t a g l a n c e h o w t h e m a r k e t f o r s p o t a n d f u t u r e s c lo s e d on sam e d a y s. Spot Market Closed. S a tu rd a y .. M onday___ Tuesday _ . Quiet, 5 pts. dec— Wednesday _____ ______ Roll Thursday . Quiet, 10 pts. dec . Friday — Quiet, 20 pts. d e c .. Total .. 427 THE CHRONICL1 Feb . 15 1908. Futures Market Closed. Very steady. Steady_______ Steady----------d a y --------------S te a d y ........... Steady............. Sales of Spot and Contract. ConExport sum'n. C on tract. Total. — 2 ,10 0 2,020 2,020 325 325 — 2 ,10 0 :::: :::: '2 6 6 200 4.445 200 4 ,645 I© I OO bo © T® !© I© |© I© - I® 1® I® |© I© |© OO I® I© OO MO Wcc I© I© o b b| Co c<'« I OH* I® OO cco I® I® at I© bb b | l\Sto O I 0000 OO © I© p r ic e s O t\5 © o o ob o o I® OO ob ©@ ® OO OO bo © I© ®@ I® I® cco bob I® ® I© !® I® I© I® I' OO OO M -* oc .u I© I© OO OO bb O 00 I@ OO OO M 00 cc to \® I© 0 0000 M 3 I® >31 Or -’i CWI© M I® OO c o Instss b b CCM C3.U I® l© c o bb I© I© OO bb C*t\s I® OO CNV* cc to CO bm J.® CO bM I© 12 up T H E V I S I B L E S U P P L Y O F C O T T O N t o -n ig h t, as m a d e b y c a b le a n d t e l e g r a p h , i s a s f o l l o w s . F o r e ig n s t o c k s , a s w e ll a s t h e a f l o a t , a r e t h i s w e e k ’ s r e t u r n s , a n d c o n s e q u e n t l y a ll fo r e i g n f ig u r e s a r e b r o u g h t d o w n t o T h u r s d a y e v e n in g . B u t to m a k e th e to t a l th e c o m p le te fig u r e s fo r t o -n ig h t ( F r id a y ) , w e a d d th e it e m o f e x p o r ts fr o m t h e U n i t e d S t a t e s , i n c l u d i n g in i t t h e e x p o r t s o f F r i d a y o n ly . 1908. February 14— 1 .068,000 Stock at Liverpool-- -------- bales.5.1,068,000 1 1 ,000 Stock at L o n d o n ---------------------- . 7 3,000 Stock at M anchester---------------- Total Great Britain stock . - Stock at H am burg-------------------Stock at Bremen - - ............... — Stock at A n tw e r p --------------------Stock at H avre-------------------------Stock at Marseilles-------------------Stock at B arcelona------------------Stock at Genoa. -------------------Stock at T r ie s te -----------------------Total Continental stocks------ . 1906. 1907. 955,000 1,195,000 1905. 943,000 62,000 50,000 10,000 70,000 11,0 0 0 1 2,000 -1 ,1 5 2 ,0 0 0 1,035,000 1,268,000 1,005,000 1 2,000 12,0 0 0 14.000 . 14,000 382,000 428,000 380,000 . 375.000 4 ,000 175,000 251,000 207,009 _ 223,000 3,000 3,000 3,000 . 4,000 50,000 13,000 17,000 . 39,000 54,000 77,000 1 24 ,000 . 39,000 3,000 3,000 2,000 . 19,000 . 704,000 853,000 747,000 683,000 Total European stocks. . . --------_11,856,000 1 ,888,000 2,015,000 1 ,688,000 8 7,000 210 ,0 0 0 203,000 India cotton afloat for Europe. . 115,000 390,000 345,000 800,149 ie 7 /6 ,5 1 3 American cotton afloat for Eure pe 51 ,000 07,000 61 ,000 )C 50,000 Egypt,Brazil &c.,afloat for Eurt pc 197,000 184,000 2 35,000 242,000 Stock in Alexandria, Egypt 492,000 916,000 . 550,000 501 ,000 Stock In Bombay , India ..... 722,439 924,493 . 793,747 1 .1 12,006 Stock In U . S. ports -------630 ,590 598,334 674,590 528,510 Stock InU. S. Interior towns 7,240 40,163 9,557 .. 28,427 U. S. exports to-day-----5,345,640 4 ,265,269 5,505,652 4,933,197 Total visible supply— . . . Of the above, totals of Amcrcan and other descriptions are as follows: American— 869,000 865,000 1 ,002,000 i. 940,000 Liverpool stock — -------bales. 43,000 52,000 50,000 56,000 Manchester stock---------------------. 039,000 093,000 792,000 029,000 Continental stock-------- - - - - -. 629,000 390,000 345,000 800,149 7 7 6 513 513 American afloat for Europe------ -. 776 722,439 924,493 7 93,747 1 , 112 ,0 0 0 U . S. port stocks. ----- - - - .- 793,747 030,590 674 .590 598,334 II. S. Interior stocks— . ------. 528,510 7,240 9,557 40,163 . 2S ,427 U . S. exports to-day--------3 ,7 5 2 ,1 9 7 4,323,652 3,760,040 i1,301,269 Total A m e ric a n ------------Fast Indian. Brazil, &c. 74,000 90,000 133,000 Liverpool stock........ — ---------- . 128,000 11,0 0 0 12,0 0 0 10,0 00 .. 1 1,000 London s t o c k --------------------14,000 7,000 10,0 00 _ 17,000 Manchester stock -------4 4,000 0 1,0 0 0 54,000 . 75,000 Continental stock---------- . 87,000 115,000 2 10 ,0 0 0 203.000 India afloat for Europe. 51,000 59,000 01 ,000 07,000 Egypt, Brazil, & c., alloat. 197,000 2 35.000 184,000 242,000 Stock In Alexandria, E g y p t--------. 235.000 492,000 556.000 916,000 501,000 Stock In Bom bay, India -----------. 556,000 904,000 -1 ,1 8 7 ,0 0 0 1 ,182.000 1,585,000 .3 ,7 5 2,197 4,323,652 3,760,640 :3,301,269 5,505,652 5 ,345,640 *4,205,209 JLl'tcll V u u | /y i j--------------------.4 -- ,9 3 9 197 1 4.23d . 5.91d. 6.03d. 0 . 2 1 d. Middling Upland, Liverpool--------. 6.21d. 7.90c. 11.25c. 1 1 ,00 c. 11.35c. Middling Upland, New Y o rk ---------. 1 1 .35c. 7-Ud. 9 H d. 1 1 Lid. E gypt, Good Brown, Liverpool- "9M " d1 . 10.30(1. 8.75d. 9.65d. )1 10.75(1. Peruvian, Routrh Good, Liverpool 5 Lid. 4(1. 5M(1. 5 11-10(1. Broach, Fine, Liverpool-------5 7-16d. 5 Lid. - 5 7-16d. 4 Kd. Tlnnevelly, Good, L iverpool.. 1 7 4 , 0 00 C o n tin e n ta l im p o r ts f th e p a st w e e k h a v e b ee n b a le s . T h e a b o v e f ig u r e s f o r 1 9 0 8 s h o w a d e c r e a s e f r o m l a s t w e e k o f 5 9 , 4 9 1 b a l e s , a lo s s o f 5 6 6 , 4 5 5 b a l e s f r o m 1 9 0 7 , a d e cre a se o f 4 0 6 ,4 4 3 b a le s fr o m 1 9 0 6 , a n d a g a in o f 6 7 3 , 9 2 8 b a le s o v e r 1 9 0 5 . /] v»8 CHRONICLE VRK A T T H E IN T E R IO R T O W N S 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. Un o h W M^,P?pn,*TI - rr, ^ ^jiH .' — “ '< •— G a lv e sto n _____ New O rleans___ M o b ile _________ Savannah _____ Charleston ____ W ilm ington____ Norfolk ___ __ Boston ________ B altim ore______ Philadelphia___ Augusta _ ___ Memphis ______ St. Louis _____ H o u s t o n ___ __ Little R ock ____ 3- O > •8 * - ** 2? o . Q ;i 82: 2 -P « .o 4 *'J * *p o *d d ?r S •d p *< 3 ro J I t3 **• C CO ________ Ia ^ CO V >-* 00 O' ~l O' di M O' Vi *d 03 03 4 _ *to CO03 in CC4^, w, j ti 75 - o W4* i. -J Nj C - COU :: O •‘IV»'iO *■»O 4^CO► **CO*vl 03 tO ► — *00 03 05O 03 1 - ‘ OikL COL*Vj -d 03to *0 03 -*1 cn*05COL* V 05 0- COtoL* CO O 0>-vl 03**vl JO0301 COVi 03to Vi - I 03--1 ——0»•-*'fl O :o to Vi O >-*V O CO CO0> Vi C»COMo« o I*-*V3 VIQ>CO01 >UCOVi -*£*►-* £* Qi cn03-d Vi -« COQiVi C/303O' — V: S - I •• ■ I 'n b' Mv. 1 0 OI to o* .£»■0> O 01 d>V3—*CO~I03 CoCo03 M4s»*S CO COOOO^O*-* 0 0103 VI M03 CO**dV) Vi CO4*. *•! —vn*d O' V3►-o CO I ■vl CO«v|d>pi O' ■ttCMOfSN MMMMOPOO to .73 CO03 r-301 CO03 00*03£* -•»O to £*,*-*Vj 01 C>CO03 CO03 to 4k. 4^ >t* 1 £*.0003*01*0 to*0 £*. MCOi - CO0 0 0 - 4 0 O'. MO 1 ---------M C M 01 -4 ■ ti 4s. COto O'£» o O CO03 to ► -*O O -* COCOO 50 O >-*Ol £kCOtO tiM O ^i ■ —/O toCOCO O03 ■-*01 03U COO O O 03 O CO-1 03 -I COpi COCO03► —to03 03► -»0»1 -* J* w to -* CflJ) .V5- toC -* O O CO03 O C to 75 55 -* COM O >- I-* -1 O 00 00M1 0] tj 09 00 -■*H-. COCO75 COMoiO O) 4^03 COo -v! 01 03->5O 4i.01 01 O -4 O VOCO-N]ro , to 01 >Uo C3 .Ti -* o O -* 0000 01 -* O d>COO 'D50 M d>O'*^11>3O' 03 -* M t\3y>Vi ^ COo toC3 O COO' r) 4UO' O V3-43£* 4* to - I ‘ -4 01 O to t\3Ci» C\i to oi 00 tOtOtO03 COCOtOM 03 4*.0iC0‘vl03tOC0^l0lC3 4*O03'-*H-03'-‘ lO0>-v]'—03“ M *-»O CO01 » -* COOi 4^-I O O' COO *43O O MCOto 4s. 4*. O' 03 O' O' t 03 toCO03 M V3c>CO VI 01 4kC>0003 CO"OO' O to <ji ■—to *^103 O' 00 •-*»■ 4s. COOi The above totals show that the interior stocks have de creased during the week 6,652 bales and are to-night 69,824 bales less than at the same time last year. The receipts at all the towns has been 73,355 bales less than the same week last year. • O V E R L A N D M O VEM EN T FOR T H E W E E K A N D SINCE SE P T. 1.— W e 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 tin; week and since Sept. 1 in the last two years arc as follows: -10 0 7 -0 8 -------Since >Sept. 1. 265,422 123,750 18,376 36,543 26,205 57,410 102,364 1006-07------Since Sept. 1 . • ’>44,432 163,805 45,677 53,444 37,711 70,214 102,371 Week. 20,470 6,002 . 3,151 l ,423 . 1,615 . . 4,623 . 6,08 7 Week. 18,264 8,351 3,057 2,203 1,265 3,362 10,095 .4 5 .1 7 6 690,171 46,687 4,303 1.537 1,089 82,004 54,170 42,765 4,216 2,064 2,007 0.277 Deduct shipments — Overland t > N'. V ., Host n, &c_ Inland, & e., from South Total to be deducted — - 6,070 159,830 Leaving tita l net overland * .3 8 ,1 0 7 530,332 101 ,060 35,716 31,301 160,067 047,677 * Including m ovem ent by rail to Canada. The foregoing shows the ment has been 38,197 bales, week last year, and that for gate net overland exhibits a 417,345 bales. week’s net overland moveagainst 37,410 bales for the the season to date the aggredecrease from a year ago of --------1007-08--------- Sin ce In Sight and Spinners’ Takings. Receipts at p'.rts t ■Feb. 14 -Vet overland to Feb. 1 4 __ _____ Southern consun ptl >11 to Feb. 14. Total m arketed________ Interlor stocks In ext e s s .. W eek. Sept. 1. 80,002 6,571,304 38,107 530,332 46,000 1,147,000 ... Came Into sight during weekTotal In sight Feb. 14............ .. .Vorth. spinners’ takings to Feb. 14 .2 6 4 .2 3 9 8 ,248,636 *6,652 447,827 --------1 9 0 6 -0 7 -------, Since Ueck. Sept. 1 . 208,148 7.733.08S 37,410 047,677 47,500 1 ,130,001 203,058 0,811 66 *12,821 502,05, .2 5 7 ,6 3 7 . . . . . . 8 .606,563 10,313,723 73.500 1,065,244 06,282 1,770,498 * Decrease during week. Movement into sight in previous years. Week— 1906— Feb. 1005— Feb. 1004— Feb. 1903— Feb. Bales. I Since Sept. 1— 1 6 -------------------------136,006 |1905-06— Feb. 10 17............................. 106,518; 1004-05— Feb. 17 1 0 . . ........................ 144,240! 1003 -04— Feb. 10 . 2 0 . -------- ----------.1 8 2 ,0 4 6 [ 1002-03— Feb. 21) 11 % 11 H u a 11 H 11 11 Vs 11.70 11% 11.05 12 11% 12 11% 11% M o n d a y Tuesday. V/< d'day. Thursd'v. Friday 11% 11 % 11% UK 11% 11% 11% 11.70 11% 11.05 12 11% 12 11% 11% 11 11-16 11% 11% 11% 11% U% 11% 11.70 11% 11.00 12 11% 12 U% 11% 11 11-16 11% 1% 1 11 % 11% U% 11% 11.65 11% n .o o 12 11% 12 11 9-16 11% 11 11-16 11 <.)-lG [i 11 % 11% 11 % 11% n% 11% 11 Yi 11% 11% 11 % 11.65 11.55 11% u% 11.60 11.60 12 11 % 11% 11 % 12 11 % It 9-16 11 7-16 11% 11% Sat'day, M onday. Tuesday, W ed’day, Thursd'v, Friday, Feb. 8. Feb. 10. Feb. 1 1. Feb. 12. Feb. 13. Feb. 14. February— R a n g e _______ Closing---------March— ____ Range C l o s i n g .. ___ A prll— R a n g e _______ Cl sing_______ M ay— R a n g e _______ Closing_______ June— R a n g e _______ Cl sing............. July— Range _______ Cl sing_______ October— R a n g e ............. Closing_______ Decemb r— R a n g e ____ Closing_______ Tone— S p ' t _______ O p tion s_____ --- Oil ---- — @ — — 0) — — @ — — ® — — @ — 11.42 * 11.40 « 11.36 * 11.36 * 11.12-.20 10.93 — I t . 23-. 35 11.35-.41 11.21-.31 I 1.23- .26 1 1.10-.32 10.80-.04 11.32-.33 11.39- .40 11.26-.27 11.27 — 1 1.12-.13 1 0 .8 3 .8 4 — @ — — 0) — — 01 — — 0 —- — 0 — — 0, .88 l l . 2 l - .2 2 11.20 * 11.16 * 11.17 * 11.02 * 10.71 * 11 .13-.24 11.23-.30 1 1.12-.24 1 1.13-.10 11.00-.21 10.70-.02 11.21-,J2 11.20-.30 11.16-. 17 1 1.16-.17 1 1.02-.03 10.71-.72 0 — (a) — — 0) — 11.10 * 11.21 — 11.08 * — 0 — — 0 — ----11.08 — 10.02 — 10.66 * 11.04-.14 1 1.12-.18 1 0 .0 8 -.il 1 1 .0 2 .0 5 10.85 .09 10.62 .81 l l . l l - . 1 2 1 1 .1 7 .1 8 11.04-.06 11.04 .05 10.88 .89 10.63 .64 10.15 — — 01 .18 1 0 .0 0 .1 0 — 0 — 10.0 0 .1 2 1 0 .1 6 .1 8 1 0 .1 6 .1 8 10.10 — 10.00 — 10.08 — — eh — — 01 — — 10.06-. 08 10.06-.08 0.88- .00 9 .80-.01 @ — — 0) — — 0 — — 0 — 10.00 — 10.00 — 9 .86-.88 Steady. Very stv. Steady. Steady. Steady. Quiet. Quiet. Quiet. Quiet. Steady. Quiet. Steady. * Nominal. 03C"-*03tOCO 03 4»c0*-k4*t00'0 4 ^Iit»CjUWO»CnW“ t\3 1 h*b> O O 03 Oi C 7>Ci O O 03L* o oi*c to CO03 V >to toco oi *-.i*oi to 0103 4*-1 Vi J 303COo Oi 03 O' CO4*C -1 too : - - 03C^03 03 to o 01 toCD I 03Ci O 4 O Cl tJ 03C O 4. O CSV3^ COCi i to r-OO 00 -Vi03 to Februaru 14— Shipped— Via St. LQUls— .......... Via C airo................. ......... Via R ck I land _ Via Louisville . Via Cincinnati- .......... .. Via Virginia p hits____ Via other routes. <Scc— Sat'da u. N E W O R LEAN S OPTIO N M A R K E T .— The highest, lowest and closing quotations for leading options in the New Orleans cotton market for the past week have been as follows: »•-*>■* to CO03 Ol O*WO' ^ CO—1 “01 li 10 i' 05 COW V3WXk 2 *!u <i cnto co 03 ^ ^ MGo> COOO^MMOO^IOOO W -'IO W O ^----------~ w O ^ O 03 Vi ' ■^1 Vi - O M -O O ifcO O to p' :ft O' ^ vnJi. O O 50 *0 —o ® O *03 to to Q U O TA TIO N S FOR M ID D LIN G COTTON A T O TH E R M A R K E T S .— Below are the closing quotations of middling cotton at Southern and other principal cotton markets for each day of the week. Februaru 14’. (V >-]7>O 3 g 1—C- —*— . cn •3 2 ? C o • - - LXXXVI Closing Quotations for Middling Cotton on— "k* F ► * '2 . 0 C •Jp; ' 3 3 3* ; 3 « 3 p^ 3 ’ P.UP* O EL 2 E e 3 g g S 3 S . r g o S 2 3 o 5 S ? t ' 3 3 ,= l ,,2.n rlu " n “ <’ n £3 £ S 3 3 g-b o £ 3 -2 :2 2 P q = = 3 g « S § - | q S.n 3 o = -i o - . * P — . ^*to - O n [VOL. Hales. 8,270,891 0,114,682 -8 .4 5 7 .4 7 5 9,588,256 W E A T H E R REP O RTS B Y T E L E G R A P H .— Reports to us by telegraph from the South this evening denote that rain has been general during the week, with the precipitation heavy in a number of localities. Our advices also indicate that farm work preparatory for the next crop is not mak jng much progress in many sections. Galveston, Texas.— W e have had rain on four days during the week, the precipitation reaching one inch and eightythree hundredths. The thermometer has ranged from 52 to 68, averaging 60. , Abilene, Texas.— There has been rain on two days of the week, the precipitation reaching eight hundredths of an inch. Average thermometer 57, highest 74 and lowest 40. Corpus Christi, Texas.— There has been rain on four days of the week, the precipitation reaching one inch and three hundredths. The thermometer has averaged 64, the high est being 76 and the lowest 52. Fort Worth, Texas.— It has rained on two days of the week, the precipitation being one inch and thirty-four hundredths. The thermometer has averaged 55, ranging from 42 to 68. Palestine, Texas.— There has been heavy rain on three days of the week, the precipitation reaching two inches and sixty hundredths. The thermometer has ranged from 46 to 7 2 , averaging 59. San Antonio, Texas.— There has been rain on four days of the week, the precipitation reaching two inches and four hundredths. Average thermometer 61, highest 78 and lowest 44. Taylor, Texas.— There has been excessive rain on three days of the week, the precipitation reaching three inches and fourteen hundredths. The thermometer has averaged 56, the highest being 64 and the lowest 48. New Orleans, Louisiana.— Rain has fallen on three days of the week, the precipitation reaching two inches and fourteen hundredths of an inch. The thermometer has averaged 62. Shreveport, Louisiana.— There has been rain on five days during the week to the extent of two inches and thirty hun dredths. The thermometer has ranged from 40 to 68, averaging 54. Leland, M ississippi.— There has been heavy rain during the week, the precipitation reaching six inches and twenty hundredths. The thermometer has averaged 48.6, the highest being 72 and the lowest 31. Vicksburg, M ississippi.— Rain has fallen on five days of the week, the precipitation reaching five inches and fifty-one hundredths. The thermometer has averaged 56, ranging from 46 to 72 Helena, Arkansas.— Too much rain for outdoor work. There has been rain on four days during the week to the extent of four inches and seventy-seven hundredths. The thermometer has ranged from 40 to 62, averaging 53. Memphis, Tennessee.— It has rained on four days of the week, the rainfall reaching one inch and fifty-nine hundredths, and it is raining now. The thermometer has averaged 50.2, the highest being 61.8 and the lowest 36.4 Nashville, Tennessee.— It has rained during the week, the precipitation being one inch and fifty-eight hundredths. The thermometer has averaged 45, ranging from 32 to 60. Montgomery, Alabama.— There has been rain on three days of the week, the rainfall being seventy-eight hundredths of an inch. Average thermometer 46, highest 62, lowest 36. Mobile, Alabama.— Farm work has made little progress. W e have had rain on three days during the week, the pre cipitation reaching one inch and ninety-eight hundredths . The thermometer has ranged from 42 to 68, averaging 58. Selma. Alabama.— There has been rain on four days the past week, the rainfall being ninety hundredths of an inch. The thermometer has averaged 49, the highest being 70 and the lowest 33. Madison, Florida.— Rain has fallen on two days of the week, the rainfall being one inch and seventy-five hundredths.. Average thermometer 63, highest 78, lowest 44. Augusta, Georgia.— Absolutely no preparations for the next crop have been made. There has been rain on four days of the week, the precipitation reaching two inches and five hun dredths. Thermometer has ranged from 31 to 65, averag ing 45. Savannah, Georgia.— W e have had rain on four days of the week, the rainfall reaching three inches and seven hundredths. Average thermometer 52, highest 71, lowest 32. Charleston, South Carolina.— Rain has fallen on four days of the week, the precipitation reaching one inch and forty-four hundredths. The thermometer has averaged 51, ranging from 37 to 68. Greenwood, South Carolina.— There has been rain on three days during the week, the precipitation reaching two inches and thirty-five hundredths. The thermometer has ranged from 31 to 47, averaging 39. Stateburg, South Carolina.— W e have had rain on four days of the week, with much mist and fog, the rainfall reaching two inches and nineteen hundredths. Weather still cloudy and threaten ting. Average thermometer 47, highest 66 and lowest 29. Charlotte, North Carolina.— W e have had rain the past week, the rainfall being one inch and forty-eight hundredths. The thermometer has averaged 40, ranging from 26 to 52. j£j IN D IA COTTON M O VEM EN T FROM A L L P O R T S .— The receipts of cotton at Bombay and the shipments from all India ports for the week and for the season from Sept. 1 for three years have been as follows: F eb ru a ry 1 3 . W eek . S in ce S ep t. 1. W eek. S in ce S ept. 1 . 79,000 1,050,000 104,000 1,26 0 ,00 0 W eek . 99,000 1,444,000 Totul all— 1907-08__________ 1900-07__________ 1905-06.................... 3,000 2,000 2,000 Great Britain. Total. Cohtinent. Total. 22,000 53,000 40,000 25,000 55,000 42,000 12,000 18,000 28,000 271,000 472,000 380,000 283 ,000 490,000 414,000 0,000 3,000 0,000 3,000 2,000 3,000 5,000 9,000 40,000 36,000 11,000 43,000 4 1,000 2,000 2,000 0,000 2,000 1,000 22,000 14,000 23,000 28,000 16,000 24 ,000 1 ,000 1,000 8,000 0,000 8 .000 73,000 44,000 55,000 81,000 50,000 63,000 25,000 04,000 40,000 28,000 29,000 42,000 375,000 570,000 500,000 403,000 599,000 542,000 1 ,000 1,000 — 3,000 3,000 3,000 22.000 0 1,000 43,000 COTTON CONSUM PTIO N A N D O V E R L A N D M O VE MENT TO F E B . 1.— Below we present a synopsis of the crop movement for the month of January and the five months ended Jan. 31 for three years: 1907-08. 1906-07. 1905-06. 1 8 1 ,5 3 7 3 0 2 ,7 1 5 16 1,9 5 8 Gross overland for January............ bales _ 604,257 1,0 0 8 ,0 15 6 9 5 ,34 1 Gross overland for 5 m onths............... ....... 145,829 258,274 13 3 ,9 3 4 Net overland for J a n u a r y ........................... 459,786 860,403 5 6 0 ,5 13 Net overland for 5 m onths_________ _____ 620,803 Port receipts In January-------- ------------------ 1 ,2 0 0 ,19 3 1 ,36 4,334 Port receipts In 5 m onths..........................._ 6 ,176 ,0 9 9 7 .2 3 0 ,8 15 5 ,7 0 1,7 5 2 1,3 10 ,0 5 9 1 ,309,853 005,967 Exports In January---------------------------------Exports In 5 m onths---------- ---------------------- 5 ,1 1 3 ,8 5 2 5,430 ,06 3 4 ,119 ,6 0 9 844,665 1,20 8,6 0 8 9 27.70 2 Port stocks on Jan. 31 . . — ...................... 9 3 2 ,14 3 1.6 16 ,9 4 4 1,50 0 ,0 9 0 Northern spinners' takings to Feb. 1 — 1 ,054,000 1 ,027,000 l ,004,000 Southern consumption to Feb. 1 -------- . . Overland to Canada for 5 months (In 73,489 45,024 76,704 cluded In net overland) — ...................... 2,620 Burnt North and .South In 5 m onths. _ 9,490 15 ,2 4 5 1 3 ,5 3 2 Stock at North. Interior markets Feb. 1 1 ,554,094 1,7 5 1,6 0 8 003,997 Came In sight during January ................. 8 ,15 5 ,9 5 7 9 ,6 0 0 ,218 7,8 4 4.20 5 Am ount of crop In sight Feb. 1 ------ — 3 ,8 0 0,54 2 3 ,4 7 5 ,5 0 5 Came In sight balance of season -----13 ,5 5 0 ,7 6 0 1 1,3 10 ,8 6 0 Total c r o p _____________ ______ — ............. 5 13 .4 9 5 17 .8 0 509.25 Average gross weight of b a le s ------ ---------4 9 1.0 6 4 95.30 486.25 Average net weight of b a le s ..................— W eek . Visible supply Sept. 1 -------------American In sight to Feb. 1 4 __ 11 >mbay receipts to Feb. 1 3 ----Other India ship'ts to Feb. 1 3 . . Alexandria receipts to Feb. 1 2 . . Other supply to Feb. 12 »----- - 4,998,689 2 5 7 ,6 3 7 79,000 2 ,2 9 1,8 4 4 8 ,6 9 0 ,50 3 1,0 5 0 ,0 0 0 2 2 ,0 0 0 3 ,0 0 0 778,000 18 5.0 0 0 _______ S ea son . W eek . S ea so n . 5 505 1 2 1 1,7 8 4 ,1 3 0 28 0,237 1 0 ,3 1 3 ,7 2 3 104,00 0 1 ,2 0 0 ,0 0 0 109,000 9,000 8 14 ,0 0 0 27,000 205,000 3,000 1 2 0 ,0 0 0 Total supply ------------------------ 5 ,3 6 0 ,3 2 6 1 3 , 1 2 1 , 4 0 7 5,9 29 ,3 58 14 ,4 8 5,8 7 9 D ed uct — Visible supply Feb. 1 4 __________ 4 ,9 3 9 ,19 7 421 ,12 9 3 4 1.12 9 80,000 Total takings to Feb. 1 4 ---------Of wh eh Am erican____ ____ O f which other -------------------- 4 ,9 3 3 ,19 7 5 ,5 0 5 ,6 5 2 5 ,5 0 5 ,6 5 2 8 ,1 8 2 ,2 1 0 6 ,2 8 0 ,2 10 1,9 0 2 ,0 0 0 8 ,9 80 ,227 0 ,8 8 8 ,227 2,09 2,00 0 422,706 300,706 1 2 2 ,0 0 0 Embraces receipts In Europe from Brazil, Sm yrna, W est Indies, &c. E U R O P E A N COTTON CONSUM PTIO N TO F E B . 1 .— By cable to-day we have Mr. Ellison’s cotton figures brought down to Feb. 1. W e give also revised totals for last year that comparison may be made. The spinners’ takings in actual bales and pounds have been as follows: Great B r ita in ) Ocf. 1 to F eb . 1 . C on tinent. 1 For 1907-03. Takings by spinners_____ bales Average weight of bales____ lbs. Takings In pounds— ------------- 1,5 5 9 ,0 0 0 5 10 795,090,000 For 1903-07. Takings by spinners---------- bales Average weight of bales____ lbs. Takings In p mnds - - -------------- 3,6 6 5,0 00 1.5 6 0 .0 0 0 1 2 ,10 5 ,0 0 0 497.5 509 489 794,040,000 1,0 29 ,24 5,0 0 0 1,8 2 3 ,2 4 9 ,0 0 0 3 ,6 0 1,0 0 0 2,042,000 497.5 488 996,496,000 1,7 9 1,5 8 6 ,0 0 0 According to the above, the average weight of the deliv eries in Great Britain is 510 pounds per bale this season, against 509 pounds during the same time last season. The Continental deliveries average 488 pounds, against 489 pounds last year, and for the whole of Europe the deliveries average 497.5 pounds per bale, against 497.5 last pounds season. Our dispatch also gives the full movement for this year and last jrear in bales of 500 pounds. Oct. 1 to F eb . 1 . B a les o f 500 lbs. each. 000s om ittid. 190 6 -07. 1907-08 Great C o n ti B r i t ’ n. nent. Great C o n ti Total. B r it ’ n . nent. Total. Spinners’ stock Oc t. 1 ________ Takings to Feb. 1 _____________ 307 1,59 0 1,0 89 1,9 9 3 1,4 5 6 3 ,5 8 3 253 1,5 8 8 556 2,058 809 3,646 Supply -------- -----------------------C m su m ptlon, 17 weeks___ - 1,9 5 7 1,3 2 6 3,082 1,8 02 5,039 3 ,1 2 8 1,8 4 1 1,2 6 7 2 ,0 14 1,7 8 5 4 ,4 55 3 ,0 5 2 6 31 1,28 0 1 ,9 11 574 829 1,4 0 3 78 78 78 78 100 100 106 106 184 184 184 184 74 74 75 75 10 5 10 5 10 5 10 5 17 9 179 180 180 Spinners stock Feb. 1 ____ In In In In _ W eek ly C on su m p tion . 0 0 0 s om itted. October . . - ____________ November . . - ....................December__________________ J an u ary____________________ S in ce Septem ber 1. F o r the W eek. 1907-08.................... 1 9 0 0 -0 7 --. - ____ 1 9 0 5 -0 0 .. ________ Calcutta— 1907-08. . ....... 1900-07. .... 1905 0 0 ...............- . Madras— 1907-08. ________ 1900-07- . ------ -- 1005-00. A ll others— 1007-08. ... 1 9 0 0 -0 7 .... _____ 1905-00. ... 190 6 -07. (19 0 7 -0 8 . Cotton Takings. W eek and Season. S in ce S ep t. 1 . Exports from— Great Conti Britain. nent. W O R L D ’S SU P P L Y A N D T A K IN G S OF C O T T O N .— The following brief but comprehensive statement indicates at a glance the world’s supply of cotton for the week and since Sept. 1, for the last two seasons. 1905-06. 190 6 -07. 1907-08. R eceipts at — Bom bay— 42!) THE CHRONICLE. Feb . 15 19U8 | The foregoing shows that the weekly consumption is now 184.000 bales of 500 pounds each, against 180,000 bales of like weights at the corresponding time last year. The total spinners’ stocks in Great Britain and on the Continent have increased 262,000 bales during the month and are now 508.000 bales more than at the same time last season. A L E X A N D R IA REC EIPTS A N D SH IP M E N TS. A lex a n d ria , E g y p t, F ib r u a r y 12 . 190 6 -07. 165,0 0 0 5,8 36 ,9 24 6 ,10 5 ,2 19 130 ,0 0 0 5 ,0 0 0 ,3 17 S in ce This w eek. S ept. 1 . Sin ce T h is w ee k . S e p . 1 . S in ce T h is w eek. S pt. 1 . T ills w e e k __ ____ . . Since S e p t. 1 _______ __ E x p o rts (bales)— 1905-06. 1907-08. R eceipts (cantars) — 2 0 0 .0 0 0 L iv e rp o o l......................... 3,000 16 0 ,2 4 1 M a n ch e ste r__________ 5.500 14 4 ,4 18 Continent .................... 1 1 ,7 5 0 2 1 5 ,1 0 0 A m eric a ........................... 2.500 4 1,6 0 0 0,500 15 3 ,2 7 8 3 .2 50 15 9 ,3 6 9 7 ,250 114 ,8 7 0 14 0 ,6 0 1 8 .250 224 ,6 57 14 ,50 0 195,0 40 2 ,0 0 0 5 1 ,1 5 5 3 ,7 5 0 7 8 ,29 1 T o tal e x p o r ts ................. 22,7 50 5 6 1,3 6 5 15 ,2 5 0 6 0 2,9 18 30 ,250 5 14 ,3 4 3 To To To To N o te . — A c a n ta r Is 99 lb s. E g y p tia n bales w eigh about 759 lb s. M ANCH ESTER M A R K E T .— Our report received by cable to-night from Manchester states that the market is quiet for both yarns and shirtings. The demand for both home trade and foreign markets is poor. W e give the prices for to-day below and leave those for previous weeks of this and last year for comparison. 1908. 32s Cop Twist. J a n . d. 3 10 4 10 17 24 31 Feb. © 10 7-16(3) urn (3) 10 % ("■ low @ 7 9 15-10(3 14 OH & 1907. 8 V lbs. Shirt- Col'n lags, common Mid to finest. Upl's d. 11W im 11W 114 11H s. d. s. d. d. 0 0 0 0 5 11 (0)9 (5 9 (3 9 (3 9 3 3 3 3 @9 2 6.13 6.22 0.50 0.43 6.39 11W 5 10 10W 5 9 (39 @9 1 0 6 6 6 6 8W lbs. Shirtinqs. common to finest. 32s Cop Twist. d. d. s. d. 6 6 6 5 6 6 low 6 lo w 6 6 6 0.35 9 15-10(3) 11 0.21 OH @ 1 0 15-16 6 7 9H 9 13-16 (if (3OH © OH 9 11-16(3) iow lo w lo w 6 7 s. @.9 @9 (5 9 @9 @9 (1. 8 9 9 9 9 @ 9 10 @ 9 10 Cotn Mid Upl's d. 5.87 5.90 5 .SO 5.90 5.87 0.09 0.03 TH E CHRONICLE 430 SH IP P IN G N E W S .— As shown on a previous page, the exports of cotton from the United States the past week have reached 173,929 bales. The shipments in detail, as made up from mail and telegraphic returns, are as follows: The p rices a re given in pen ce and lW )ths. Feb. 8 to Feb. 14. T o t n bales. N E W Y O R K — T o L iverp o o l— F e b . 1 2 — B o v lc , 3 ,77 2 uplan d, 02 S e a I s l a n d - - ----------------- -----------------------------------------------T o M anchester— F e b . 1 3 — T hesp is, 1,7 2 6 u p lan d , 100 S ea Isl . T o H ull— F e b . 6— Consuelo, 900-----------------------------------------T o London— F e b . 7— M inneapolis, 1,5 0 0 ________ __ _ _ ' T o D u n kirk— F e b . 8— O scar I I , 10 0 __________________ . . . T o B rem en — F e b . 8— H a n sa , 3 , 1 7 3 ----- F e b . 10 — B arb arcssa 1,0 4 2 ----------------------------------------------------------------------------- 4 T o H am b u rg— F e b . 7— P en n sy lv a n ia , 484__________________ ~ T o A n tw erp — F e b . 1 1 — F in la n d , 2 2 8 _____________ T o Genoa— F e b . 7— K o n lg A lb e rt, 1 , 1 8 3 _____ ___________ "" T o Ja p a n — F e b . 7—-H eadley, 2 ,3 6 6 __________________ _ _ _ T o China— F e b . 7— H ea d ley , 10 0 ------------------------------ _ G A L V E S T O N — T o H a vre— F e b . 1 3 — M onadnock, 13 ,7 9 8 T o Brem en — F e b . 12 — K n ig h t of the T h istle, 18 ,7 7 0 - - T o H am b u rg— F e b . 10 — In ch m aree, 3 ,3 4 5 __________ _ T o B arcelo n a— F e b . 1 1 — C la ra , 4 ,58 0 __________ _ _ _ T o T rieste— F e b . 1 1 — C lara , 3,4 4 0 _________________ 3 4 4 0 N E W O R L E A N S — T o L iverp o o l— F e b . 7,— M echanician, 1 4 .4 21 ------F e b . 10— C aliforn ian , 1 3 ,7 9 4 -------------------------T o M anchester— F e b . 10 — M anchester Spin n er, 7 ,9 3 8 - - T o H a vre— F e b . 1 2 — N orsem an , 20 ,0 0 0 ____________ T o H am b u rg— F e b . 1 2 — D an la, 1 ,2 4 3 ; F . S . C ia m p a, 149 T o Genoa— F e b . 1 2 — D elpliin e, 8 ,8 6 2 --------------------------_ _ T o T rieste— F e b . 1 3 — L u n a , 1 ,6 0 0 _________________ HIT I.’__ . n, o M O B IL E — ____________ T o B rem en — F e b . 8o— Til...... R iv e rto 8 ,3nr.r. 9 9 _____ P E N S A C O L A — To L iverp o o l—-Feb. 10 — E rn esto , 3 ,7 0 0 _____ " S A V A N N A H — T o L iverp o o l— F e b . 8 — B u rrslleld , 2 ,9 10 - T o M anchester— F e b . 8 — B u rrslleld , 1 , 6 7 7 - - - ___ _________ T o B rem e n , etc.-— F e b . 13 — Steln berger, 6 ,8 6 3 __ _______ W IL M IN G T O N — T o Brem en — F e b . 10 — R elia n c e, 1 4 , 1 7 5 . , " N O R F O L K —-To G lasgow — F e b . 1 2 — In d ran l, 1 , 0 1 0 ___________ B O S T O N — T o L iverp o o l— F eb . 10 — M ichigan, 4 1 1 __ F eb . 11— C y m ric, 296; S y lv a n la , 1 5 2 -------------------------------- ------ T o Y a rm o u th — F e b . 7— P rin ce A rth u r, 1 4 8 __ ______________ B A L T I M O R E — T o B e lfa st— F e b . 5— L o rd D ow nshlre, 20 0 __ T o B rem en — F e b . 1 1 — B ran d en b u rg, 1 , 3 3 7 - ..... F e b . 1 3 — d el delberg, 8 50 ------------------------------------- ------------------ P H I L A D E L P H I A — T o A n tw erp — F eb . 6 — M enom inee, 249 S A N F R A N C IS C O — T o J a p a n — F e b . 1 1 — H ong K o n g M aru , 2 ,8 4 8 . T o ta l- 3,864 1 826 900 i 500 ’ 100 2 15 484 228 j 183 2 366 ’ 4 00 13 7 9 3 l a ’770 ;i ’ 3 45 4 is o ’ 28 2 15 7 ’()38 2 0 ’000 1 ’ 3 99 8 862 i'« n o ‘ >-’ VY 8,399 3,70 0 2 ,9 10 1,6 7 7 6,863 1 4 ,1 7 5 1 ,0 1 0 859 148 200 ■> 1 K7 '2 4 9 2,846 17 3,9 2 9 The particulars of the foregoing shipments for the week, arranged'in our usual form, are as follows: G reat F ren ch Ger- — O th .E u rop e — M c x ., B rita in , ports, m any. N orth . Sou th. etc. J a p a n . 100 4,699 New Y o r k _____ 8,090 228 1 ,1 8 3 10 0 2,366 G a lv e sto n _____ ____ 13,798 22,115 --. 8,020 New O rleans-- -3 6 ,1 5 3 20,000 1,392 -_ - 10 ,4 6 2 M o b ile _________ 8,399 ____ ____ P e n sa c o la _____ 3,700 S a v a n n a h _____ 4.587 ____ 6,863 14,175 W ilm ington------N o r fo lk ________ 1,010 ____ ____ Boston ________ 859 ____ ____ B a ltim o re _____ 200 ____ 2,187 A n t w e r p ----------- ------------------San Francisco.. ____ ____ ____ - - - 2,846 T o t a l _______ 54.599 3 3,8 9 8 59 ,8 30 477 19 ,6 6 5 T otal. 16 ,7 6 6 4 3,9 33 08,007 8,399 3,700 1 1,4 5 0 1 4 ,1 7 5 1 ,0 1 0 1,0 0 7 2,3 8 7 249 2,846 248 5 ,2 1 2 1 1 7 3 ,0 2 9 The exports to Japan since Sept. 1 have been 117,180 bales from Pacific ports and 26,750 bales from New York. Cotton freights at New York the past week have been as follows, quotations being in cents per 100 lbs.: S a t. 15 Liverpool— Feb- Mch 16 Manchester— Feb . . H avre— Feb________ 22% Bremen— M c h ____ 25 H am burg _________ 22 @ 2 5 Antw erp____________ 22% Ghent, via Antwerp 28 R e v a l_____________ 32 R eval, via C a n a l___ Barcelona — Mch. 5 . 28 Genoa — M c h _______ 21 35 Trieste — Feb ........... Japan — M c h _______ 45 M on. T u e s. 15 16 22% 25 22@ 25 22% 28 32 15 16 22% 25 2 2 @ 25 22 % 28 32 28 21 35 45 28 21 35 45 W ed. H O L I D A Y 15 16 22 % . 25 y 22@ 25 22 % 28 32 Fri* 15 16 22 }A 25 22 <®25 22 Yi 28 32 28 21 35 45 28 21 35 45 Th u rs. L IV E R P O O L .— By cable from Liverpool we have the fol lowing statement of the week’s sales, stocks, &c., at that port: Jan. 3 1. S ales o f the w e e k ---------- b a le s. 56,000 O f w hich speculators t o o k .. 1 ,0 0 0 O f w hich expo rters to o k ____ 2,000 Sa le s, A m eric an --------------------- 53,00 0 A ctu a l e x p o rt__________________ 14 .0 0 0 F o r w a r d e d ____________________ 99,000 T o tal sto ck — E stim a te d _______ 980,000 O f w hich A m erican — E s t ____849,000 T o tal Im port o f th e w e e k ______ 10 5,0 0 0 O w hich A m eric an _________ 82,000 -A m ount a flo a t_________________4 52,000 O f w hich A m eric an _________ 400,000 F eb. 7. 42,00 0 1,0 0 0 2,000 37,0 0 0 10 ,0 0 0 10 0 ,00 0 972,000 948,000 199 ,000 190 ,0 0 0 378,0 00 3 3 3,0 0 0 F ed . 14 . 42,000 1 ,0 0 0 2,000 37,0 0 0 10 ,0 0 0 10 0 ,0 0 0 1,0 6 2 ,0 0 0 948,000 199 ,0 0 0 19 0 ,0 0 0 378,0 00 333,0 0 0 Feb. 14 3 1 000 1 000 2 000 30 000 9 000 6 10 0 0 1.0 6 4 0 0 0 940 0 0 0 83 000 5 9 090 36 3 000 325^000 The tone of the Liverpool market for spots and futures each day of the past week and the daily closing prices of post cotton have been as follows: Spot. Market. 12 :15 P . M. 1 i J Saturday. Monday. Tuesday. Wed'day. Thursday. Friday. Quiet. Quiet. Easier. Limited demand. Moderate demand. Dull and easier. Mld.Upl’ds 6.35 6.36 0.31 6.29 6.26 6.21 Sales ■......... Spec.&exp. 5.000 300 7.000 500 5,000 590 5.000 500 6.000 500 3.000 200 Futures. Market opened ] j Market 4 P . M. J 1 y Quirt at 1 (it 3 pts. decline. Quiet at 3 points advance. Quiet but steady. Quiet. Quiet, Steady at 1 Unch. 4 % p ts. to 1 pt.adv. decline. Quirt at B ’ly st’dv. B ’ly st’ y at Idle at 1% Quiet a tl% Easy at 2@ 2% at 1 % @ 4 5% @7% pts. dee. to pts. dec. to 1 1 @ 1 1 % pts. dec. pts. adv. pts. dec. 2 pts. adv. 2% pts.adv. pts. dee. The prices of futures at Liverpool for each day are given below. Prices are on the basis of uplands, good ordinary clause, unless otherwise stated. ( Vo i. . F eb ru ary. F eb .-M ch . M ch .-A p r. A p r.-M ay . M ay-Ju n e. Ju n e -Ju ly . Ju ly -A u g A u g .-S e p t S e p t.-O ct. O ct. -N o v . N o v . -D ec. D e c .- Ja n . M on. Sat. 1 2*4 p.m . d. d. T h us: 5 9 ) m eans 5 90-100(1. Tues. W ed. Fri. Thurs. 4 12X 12 J4 4 12X 4 12M 4 12 M 4 y .m . p.m . p.m . p.m . p.m . p.m . p.m . p.m. p.m . p.m . 12Y p.m . d. 92 90 89% 87% 8 5% 82 % 5 80 5 74 % 7 7 % 67% 5 64 5 5 1 % 55 4 5% 5 3 9 % 43 5 5 5 5 UXXM. 90 88 87% 85 d. 02 89% 89 87 85 82% 77% 67 5 5% 46 4 3% d. 87 84% 84 83 8 1% 78% 74 64 53% 44 4 1% d. 84% ; 83 8 2% 80% 79% d. 76% 72 6 1% 49 % 40 37% d. 83 d. d. 82 81 81 80% 80 8 1% 80% 80% 80 76 % 72 62 5 1% 42 30 % ??* 73 63% 52% 43 40% 73% 64% 53% 14 % 42 d. 76 % 75% 75% 74 % 74 72 69 60 50 41 38 % d. 67 66% 6 6% 66 6 5% 63% 60 52 33% 31 B R E A D S T U F F S . Friday, Feb. 14 1908. Prices for wheat flour have declined on most grades, owing to the continued depression in wheat quotations. Trade, however, has continued dull, buyers as a rule still holding off in the hope of securing supplies at still lower prices. There has been practically no business done for export. Reports from the large milling centres of the Northwest and the Southwest show little or no improvement in the condition of the trade, though some mills at Minneapo lis reported a better inquiry at times during the week. The tone of the general market, however, continues de cidedly unsatisfactory. Rye flour and corn meal have been quiet and steady. Wheat has declined sharply, owing mainly to large Argen tine shipments to Europe. In fact the movement of the Argentine crop has practically overshadowed everything else. This is very clear from the action not only of the markets of this country, but also of those of Europe. On this side of the Atlantic the fall in prices has been about four to five cents a bushel, and English and Continental markets have also declined materially. It is worthy of re mark that the Argentine shipments for the week reached the unprecedented total of 7,512,000 bushels— as against a previous estimate of 6,800,000 bushels— and 5,720,000 in the previous week and 4,801,000 for the same week last year. Moreover, the export demand here has fallen off to very small proportions, the Northwestern receipts have continued liberal and winter-wheat conditions seem in the main to be hopeful, although from here and there-in the belt there are complaints of a lack of snow. With Europe buying from Argentina rather than from this country, and speculation more or less disturbed by declines in the stock market, bears have been emboldened to attack quotations and with very evident success. A good many stop-loss orders have been uncovered, and liquidation of arge lines of wheat has been one of the features. There is evidently, too, a better crop outlook in India, and it is even said that some parts of that country will have wheat for export. During the last few weeks, moreover, the world’s shipments have been heavy. Last week they reached an aggregate of 12,096,000 bushels, against 11,812,000 in the previous week and 10,528,000 last year. An increase in the amount on passage to Europe of some 4,000,000 bushels last week also had some effect. Less favorable Russian crop advices have practically fallen flat, although it is stated that the condition of winter wheat is either bad or very unsatisfactory in the Southwestern part of that country. The generality of crop advices, however, from different parts of the world have been favorable, and what, with the sluggishness of speculation and the practical absence of export demand, pretty much everything has seemed to favor the advocates of lower prices. To-day prices fell early on the big Argentine ship ments, weak European cables and general selling, but on the decline heavy covering took place and prices rallied. • D A I L Y C L O S IN G P R I C E S O F W H E A T F U T U R E S IN NEW YORK. S a t. M on. T u es. S a t. M on. T u cs. IVed. T h urs. F r i. N e. 2 re 1 w in ter _________________10 2 % 10 1 % 10 0 % H oll09% 98%, M ay d elivery In e le v a t ir _____10 5 % 10 4 % 10 3 d a y . 1 0 1 % 10 1 % J u l y delivery In e le v a to r_______ 1 0 1 %' 1 0 0 % 99% 9 7% 9 7% D A I L Y C L O S IN G P R I C E S O F W H E A T F U T U R E S IN CHICAGO. M av d elivery In e le v a to r_________ ■_ 07 % 9 6 % 95 % J u l y d elivery In elevator - - . - 9 3% 9 2% 0 1 % Sep tem ber d e llv e ry ln e le v a t.o r 89% 89% 88% W ed. T h urs. H ollday. 9 3% 90% 87% F r i. 93% 90% 87 % Indian corn futures have declined, owing to the fall in wheat, soiling by elevator and cash interests, bearish pressure and scattered liquidation. The receipts have increased at times and the cash trade has been sluggish. A t times rallies have occurred on unfavorable weather for curing the crop. Reports from many sections go to show that the condition of the corn is unusually poor. The stock of contract grade at Chicago remains small, a fact which tends to restrict short selling. But in view of the weakness of wheat and the dulness of the cash trade,there has been little disposition to buy except to cover shorts. To-day prices fell early with wheat. Liverpool was weak and there was scattered selling. Before the close reports of a better cash demand and covering caused a rally. D A I L Y C L O S IN G P R I C E S O F N O . 2 M I X E D C O R N IN NEW YORK. . . S a t. M o n . T u es. W ed. Thurs. F r i . Cash corn (n e w )______ ____________ 6 2 % 62 62 Holl- 6 1 % 62 clay, e.) % 69 % M ay d elivery In e le v a t o r - .................... 7 0 % 70 % 70 % J u l y d elivery In ele v a to r--------------- 69% 69% 68% 68% 68% D A I L Y C L O S IN G P R I C E S O F C O R N F U T U R E S IN CHICAGO. , , „ , , S a t. M o n . T u cs. W ed. T h urs. F r i. May d e liv e ry In e l e v a t o r . _ 6 1 % 6 1 %; 6 1 % Holl- 6 0 % 6 0 % J u l y d eliv e ry In e l e v a t o r ____ _ . 59 % 59 % 50 % d a y . 58% 59 Sep tem b er d elivery In e le v a to r____5 9 % 50 58% 58 % sc% 4 :u THE CHRONICLE. K k b . If) 1908, 1 any active buying movement. There has been a good job bing trade in printed goods and ginghams, but orders at first hands are few. Print cloths have again been lowered during the week with operations stiU on a very small scale. Regulars are now quoted nominally at 4c. and standard gray goods at 534c. W O O LE N GOODS.— Trade in men’s wear woolens and worsteds has continued very dull, and on some lines lower prices are being offered to attract orders. The situation is extremely complicated and promises to become more so; yardage orders have been scarce, and a large part of the D A I L Y C LO SIN G P R IC E S O F O A T S IN N E W Y O R K business done has been on a sample-piece-order basis. A l F ri. Thurs. Sat. M on. ru es. Wed. though prices are considered favorable as a rule, buyers are M ixed, 26 „„ 57 'A 57 H oli to321bs. 57 57 •>7 more or less at sea as to what their future requirements will day. W h i t e be, and are therefore moving cautiously. Under present clipped. 32 to 34 „ , W nn conditions mills are not disposed to manufacture for stock; 58 >4-60 H 5 9 ^ - 5 1 lbs --58 J 4-60J 4 5 8 H -6 0 H 5 8 ^ - 6 0 ^ on the contrary, unless demand for woolens and worsteds D A I L Y C LO SIN G P R IC E S O F O A T S IN CHICO AO. picks up soon, further curtailment of production by mills F ri. Sat. M on . Tues. Wed. Thurs. 52 M S may' be expected. Prices of finest construction goods are May delivery la elevator----------------- 54 53 H 33 'A Roll- 52’■% 45 M July delivery In elevator-----------------40 ^ 45 ^ cltly' 4 j -’ firmly held, but sharp reductions have been made on lowThe following are closing quotations: grade manipulated fabrics; this has resulted in some fair FLOUR. sized orders, but the aggregate is still far below normal. ____ J3 8 0 @ $ 4 15 |Kansas straigh ts............ $4 7<)@$4 80 r nw „ rn,lps There has been fair absorption of men’s wear worsteds, but S e c o n d ^ c l e a r i : :: : :. :: . 3 6 o | 3 70 Blended clears.................. 5 0 5 ® 5 . 5 it is quite generally recognized that sellers will have to make C le a r s .................................. 4 2 0 ® 4 '■r Blended patents________ 5 6 0 ® 6 20 Rye flour________________ 4 6 0 ® 5 15 Straights------------------------- •? o 0 @ 5 lo extra efforts to bring the season’s business up to the average. Buckwheat flo u r _______ 2 9 0 ® 3 00 Patent, spring..................•> 1 5 ® « }•> Nominal. Additional lines for fall have been opened, including those of Patent, winter.......... — 4 6 0 ® 5 00 Graham flour___________ Corn m eal.......... ............. 3 2 0 ® 3 75 Kansas patents .......................... ® a well-known worsted mill at prices which on the low grades G R A IN . show a reduction of 12 x/w . a yard from last year. In woolen Corn (new ), per bu sh.— c. W heat, per bush.— and worsted dress goods trade for spring and tall has been N o. 2 mixed .......... . .f .o .b . 6 2 12 H N . Duluth, No. 1 No. 2 y e l l o w ...................... 62 >4 fairly good, considering the conservative attitude of buyers. N. Duluth, N o. 2 62 >4 No 2 w h i t e .............................. .f.o .b . 9 >.% Red winter, N o. 2 Most of the business has come from the cutting trade, which Rye, per bush — . 107 Hard " “ N o. 2 W estern.......................... 89 has shown considerable improvement lately, fancy woolens O ats, per bush.— State and Jersey............... Nominal Natural w*iltc-------------- 58 J4 @ 60 J4 for spring, notably stripes, being in comparatively brisk Barley— M a ltin g -------------- I " 6 ® 1 1 2 57 14 " m i x e d -----------Feeding ........................... Nominal demand. Generally speaking, piece-dyed worsteds are most " white, clipped 5914 @ 6 1 For other tables usually given here, see page 402. popular, with striped wroolens a close second in choice. A noteworthy development is the increased demand for cottonwarp dress materials, several mills making mixed fabrics T H E D R Y G O O D S T R A D E . being reported sold up for fall. Some re-orders for woolen New York, Friday Night, Feb. 14 1908. goods have been received, contrary to general expectations, With a large number of buyers from the South and South and have encouraged sellers of such fabrics. Only moderate west attracted to the city by the annual excursions, the dry interest is being shown in the coming heavy-weight season; goods district has presented a more animated appearance broadcloths are mentioned as having special merit, but it is during the past week than for some time. As far as more too early to make predictions as to what the demand will active business has been concerned, however, this has been run to. confined almost entirely to jobbers, the primary market FO R E IG N D R Y G OO DS.— Imported woolen and worsted having continued extremely quiet. On the whole jobbers’ dress goods are not moving very freely, but fair filling-in special sales have been successful, and in many instances orders are being constantly received. Silks and ribbons the eagerness with which retailers have placed orders has continue quiet. Linens are steady, but with little business been surprising; but this has been due in great part to the passing. Burlaps are rather more active, but prices are exceptionally cheap prices named, many of the quotations unchanged. being the lowest for a very long time past. It is confidently expected that the increased activity among second hands Importations and Warehouse Withdrawals of Dry Goods. The importations and warehouse withdrawals of dry goods will shortly be reflected in the primary market, but at the present time the volume of new business being placed is very at this port for the week ending Feb. 8 1908 and since small. This is due to a large extent to the fact that mills Jan. 1 1908, and for the corresponding periods of last year, are still carrying large stocks of goods awaiting shipment are as follows: K g orders, in spite of the drastic curtailment that has taken 2 9 < 3 o place during the past few months. Many manufacturers s 5 i o' s O» o'c n f— a are complaining of the slowness with which shipping instruc “ o -? o — g P. — tions are being received, but they realize that until buyers have worked off the goods already contracted for, they are 3 2 not likely to enter the market with new orders. The export demand has proved disappointing, buyers having failed as 3 2. yet to be attracted to any great extent by the low figures at which goods are now being offered. Conditions in the men’s 13 wear woolen and worsted goods market continue very unsatis o a factory, but in the dress goods division business has been H tkMMtO M comparatively good. ’co '© to Vo CO Ci i- to to i. M co d co d 3D O C ^M DOMESTIC COTTON GOO DS.— 'The exports of cotton to 05 Cl Oo 5S M M 00 Ol OI ‘ i goods from this port for the week ending Feb. 8 were 4,630 H packages, valued at $281,958, their destination being to the Outs for future delivery in the Western market have de clined in company with the rest of the list. There has been scattered liquidation and more or less short selling, though the trading has been relatively quiet, the principal sup port has coine from the covering of shorts. Ihe crop move ment has been larger than expected, and the stock ot contiact grade at Chicago is increasing. The cash market has been dull. To-day prices fluctuated with the rest ot the list, declining early and then rallying. Further liquidation oc curred, but this was followed by covering of shorts. points specified in the table below: 1 ------- 1908------------------------- 1907-------Since Since Xew York to Feb. 8. Week.Jan. 1. Week. Jan. 1. Great Britain---------------------- - ................ ............ 7 46 96 346 Other E u ro p e a n ............................ 42 77 81 China ________________________________________ 1.674 2,480 436 India 1.318 1,674 423 2,856 A rab ia_____ ___________________ _________- ............. .. 1 145 ------7.927 A f r i c a _____ _________ __________ ____________ 250 5 1,522 w est I n d i e s : : . ----------------554 2.425 322 3,047 Mnxlro __- ______ —— - ----------- . ol 2 «Jo •> 2 19 Central A m e r i c a ::............... 295 1,754 156 2,207 South Am erica----------477 '>.365 513 a-684 Other countries______________________________ 182 2,023 436 7,947 T o ta l.......... ................. 4.630 17,170 1,956 05 O O 50 05 05 tO tO C*9 Vo oo Oi £» -S| co to to oo to a M a a o c to O O 0oo 05 CD00 ,u ro -] COo >-> M 05 to 00 oo co to 05 © to r* © © © Vi o 00 M .U tO ,U ^ • to 05 -si d d a£ 5*5 3 o CDCO© d M d 0 oto0o^ jd «^ 5o3 oo 05 © © © w QH 0 a •si to f* oo to oo o> 05 ch © 00 CO > a o a © ood © d 05 to Cl d 05 Oi *•!»-*© O COCOct COoo to to ^ *-» to 05 oo M C O ^ fl5 COto Oo C5 ► -* d to M a 32,202 The value of these New York exports since Jan. 1 has been $1,230,250 in 1908, against $1,968,357 in 1907. Heavy brown drills and sheetings have held steady, with only a very small volume of business passing, but medium and light-weight sheetings are slightly easier, with rather more inquiry at the lower figures. Many inquiries have been received from Chinese buyers for light-weight drills and sheet ings, but at figures which manufacturers cannot see their way to accept. Actual export business has been very small. Bleached goods have been a little more active, buyers being influenced by the knowledge that present prices are likely to hold through the spring. Wide sheetings, sheets and pillow cases have been quiet at recent figures. Linings have been in somewhat better request, but values have again been lowered to attract business. Owing to the general apathy of buyers, napped goods are being held back and sellers are awaiting a more favorable opportunity before trying to induce tO 05 CO Cl M co to ^1 00 COoo O oo to C» 0* 00 00 oo VoVi c* •-* c* itk © to 00 © © d *-* ci w a a a a 5 o to d CO"si to to CO“si oo to oo © CO M M to to © CO• — COCO C5 tO 06 © -si oi “si to to oo oo O m ^ O O oo CO 00 CO05 COto £» 05 “ 1 CO^ to CO d t j M ikto oo d ■UCO COCO00 © Co 0000 d to 05 *-* 05 to -» -sj ■4 U D C5 i* d0c ©© © 00© a 0 m © s Cl *s|© C500 *sl C Co -si C5 © ^. 0000 to W C5 to to CO© Cl © CI © I Cl © to to to Cl M © © 05 Vj ’.u, © to © d s] M to M X K 3 H M •si d C5 “4 d ^ - s j “sl4- d © to co © CO co © -4 CO 00 d d *“4 d co © a j*. to to © 05 £* 05 © 00 C» liM ^ 'l O l i W D • a H > 3 _ O Q ^ I * 3-3 £ • ?? ~ S3 COCOC5 © CO r* © 3 K -si 05 00 ci a © S: d ** 5* 5* r 140 5 * bo bo to © © Q £ OHsjflOH . 5; *3 £ *d C5 05 ’>u ’© 00 ■ “! to © d to © © co *3 o X H © C5 *-* *sl © -Si «u 00 to 1 d .u © © © 3 1 ’ M5 43 2 THE CHRONICLE. News Items. New York City.— Sale of 50 Million Stock and Bonds — A t the offering yesterday (Feb. 14) 1,168 bids were sub mitted for the two issues of 4 j ^ % , registered or coupon stock and bonds described in the “ Chronicle” of Feb. 8 Proposals were received from all parts of the country, and bids received were the following: [VOL. LXXXVI. Mutual Life Ins. Co.,' Stephen Ttngley, 1 1,440.000 103.50 New York............... 2,500,000 103.52 Boston. Mass........../ Mackay & Co., New] 925,000 from N. Y. County NatTI 1,060,900 from York ............. ........ / 103.40 to 104.57 Bank, New Y o r k ../ 101.67 to 103.50 P. J. Goodhart &/ 943,000 from A. B. Leach * Co.,1 l.OOO.OCO frrm C o . ......... .................] 102.05 to 105.20 New York............... / 103.07 to 104.08 1 50.000._104.02 .St aboard Nat'l Bank,]530,000 from VV. T. Meredith &Co. - 50,0 0 0 .. 103.88 New York................f 102 to 103.81 I 50,000.. 103.44 J 50.000._103.55 N. VV. Hals y & Col 1,100,000 from ] 102.577 to 104.08 1 7,900.-104.50 L. Von Hoffman *12,225,000 from 1 15.000..104.30 C o ----------- ------------ I 103.14 to 104.08 ; 100.000..104.261 I 125,000..104.181 J. P. Morgan & Co.. 11,250,000 from I 125,000..104.101 t 102.80 to 104.50 I 125,000.. 104.021 Huhn, Edcy & C o .. . f 300,099 from ! 125,000.. 103.901 1 103.25 to 103.75 I 10,000.-103.875 \ 300,000 from ! 125.000. .103.7S1 Wolf Bros & Co- ' rv- 11 ..............-I 102.25 to 103.125 5,000. .103.76 I 175,000. 103.661 A. A. Housman & Co., i 100,009.. 103.561 New York............... 1,000,000 104.125 , 175,009.-103.541 Stokes & Robinson,! 500,000 from • I 5,000..103.51 103.51 to 104.01 New York............../ 125,009.. 103.421 25,000 i()3!.391 Raymond, Pynchon Moffat & White, New York........... 75.000. . 103.301 * C ° ....................... .. 100,000.. 104 7? non' - J 2 H S , H - ConUnt & Co- — S 350.000 from 1£'non ' 10 3 '13 3 I 1 102.125 to 103.75 Clark, Dodge & Co., i 5,000.-104.50 Now York______ . $100,000... 103.26 I 20.000..104.10 F. I,. Sellgsborg & / 50,000..103,53 I 10,000.-104.01 C o . . . ....................... ] 50,000.. 103.03' . i 10,000.. 104 Hallgarten & Co., | 20,000 103 70 Baruch Bros_________ f 100,000 .104.75 New York----------- ) 250,000.-103.51 I 100.000..104.50 I 275,000.. 103.31 \ 1J0.000..104.25 i 275,000.-103.01 L 100,000.. 104 100J)()0“ 103:001 j SV e w r York* & C° ”( 3?2?P2® „ I 10,000-. 103 Watson & Kelly_____ 175,000.. 103.75 5,000 103.01 NC V York..............1 103.25 to 103.75 ! 250,000.. 102.76 100.000. . 102.881! Shoemaker, Bates & / 1,120.000 from J 250,000.-102.51 Buckhout, Davis &} 100,000.. 104.555 100.000. . 102.681 1 Co., New Y o r k ...] 103.79 to 104.39 C o ..............................\ 100,000.. 104.255 12,050,000 104 | 100,000.-103.755 100.000. . 102.561 |h . H. Mill; r___300,000. .103.125 to 104 5,000..102.26 j a . E. llekl, Bos.,Mass. 750.000... 104 J 100.000..103.555 C. D. Barney & C o..| 25.000.'1103i l l Cuyler, Morgan & Co. 150,000.-104.250 59.000. -103.5 50 000 ” 100*791 ! Dominick * Doml-j 795,000 from 25.030.. 103.261 50 :000 . . 100:721 New Y o r k ...] 1)2.875 to 104.375 Emolre Trust Co.,1 25,000.-103.75 J 5 0.000. . 103 2 5.000. .103 New York.............. 50.000. . 100.6511Speyer & Co.,/ 55,000 102>$ to 104 , . 102 , 0 1Q4 50.000. -102.50 50.000. . 104.01 50,000..100,5S1; New York. 15,000,000 .102.25 10.000. -103.875 J 50.000. ' 50,000.-100,511 Equitable Trust C o .,/1,000,000 103.6325 50.900.. 103.76 W m . A. Read & Maitland, Coppell & t Co.,15,500,000 from New Y o r k _______ 11.000,000 103.25 50.000. . 103.63 104.1-16 New York............. / 103.34 to 104.32 Co., New Yor<t____ 150.000. C. II. Jones Jr. .550,000 101.60to 104.60 70.000. . 103.51 Harvey Fisk & Sons,1 1,998,000 from -103,75 • f 2 5.000. 5 ),0 0 0 .. 103.50 Brooklyn Trust C o.,/ 800,000 from Knauth, Nacho 1 &| 50.000. R)3 to 104.51 _103.50 . ' I 25.000. -103.26 New Y'ork............./ Brooklyn, N. Y . . .1102.961 to 104 061 . 103.25Kuhne, New York) 50.000. 8 . Calm &Co.............. ! 5 0.000. . 103.01 11.000. 000 104.043 II. P. Goldschmidt &( 500,000 from .103 I 50.000. 77.000. . 10.3 11.000. 000 103.293 C o -------------------- .1 102.52 to 103.52 .102.75 l 5 0.000. 50.990.. 102.88 11.000. 103.543 Lazard 000 Frcrcs & Co.] 6,000.000 from 53.000. . 102.76 50.000. -103,75 W m. Salomon &Co.> 5 00,000 .. 103.886 / 103.02 to 104.15 40.000. -102.75 50.000. .1 0 3 .5 . F. W . Savin & C o ... I 500,000.-104,136 Chas. VV. Osborn andl 25.000. .102.50 50.000. . 10, .25 I 500,000.. 101.293 J ../.Slocum, Attor-13,060,000 from 25.000. -102,25 50.000. -103 I 500,000.-104.543 neys for Mrs. llu s-! 102.80 to 104.01 100,000.. 102.01 J5,245,000 103 sell Sage.......... ...... J I.& S. Wormser, New) 100,000.. 103.54 Freeman & Co............. 50,000.. 104.25 . 10,000._103.26 Fifth Avenue Trust] 275,000 from York ......... ............ i 100,000 .103.04 j 1,412,500 from }‘>,0 0 0 .. 102.91 Co., New Y 'ork ...) 103.50 to 104.375 Redmond & Co., J 1 0 0 ,0 0 0 ..102.77 New York..............; 101.52 to 105 10.000. -102.81Central Trust Co___ / 350,000 from 1 100,000.-104 National Copper j 500.000 from 10.000. -102.71 | 2.000..104 ] 103.905 to 104.01 Bank, New York. .1 102.05 to 103.55 10.000. -102,61 Wllmcrdlng, Morgan I 2.000..103.75 Equitable Life Assur.15,000,000 103.88 Cutting A- Co.............. / 300,000 from 10.030.. 102.51 & Co......... .............. 1 2,0 0 0 .. 103.50 1102.0157-103.5211 500.000. . 102.26 Society, New Y'ork] 10.000. -103.50 50.000. . 132.01 2.000. .103.25 It is estimated that the total of bids received aggregate Natlonal Park Bank,! 100.000. .101.51 New York..............| 10.000. -103 500.000. .101.26 approximately $250,000,000. It is expected that the 20.000. -103 800,003 .100 .26 average price will be between 103.75 and 104. No award 20.000. . 102.50 4,000.009 100.01 20.000. .102.25 has yet been made. 10.000. -102 N. VV. Harris & C o.,/3,000,000 from New Y o r k ----------- 1 102Ji to 101 5.000. 101.75 Kansas.— Extra Session of Legislature Adjourns.— The Parkinson & Burr,/250,000 from Blorcn & Co., Phila 75.000. -104.125 ............. j 103.03 to 104.38 New Y o r k Legislature of this State, which convened in special session on 110.000. -103.625 delphia, Pa--------100.000. -102.875 ] 109,000. .104.26 Jan. 6 (V. 86, p. 121), adjourned Feb. 4, after passing a I 190,000.. 104 1 1,000,000 from 101//$ down primary election law and amending the tax law and the , , , i 200,000 103 76 Kuhn, Locb 11,000,000__________ 103..875 I«. s . Moseley & Co.,| 200,000 103 m prohibitory law. The Legislature failed to enact a 2-cent & Co.. / 2,000,000__________ 1)3.65 New York............. / 100.000“ l03 20 N. Y ____ 12,500,000................... 102.65 fare law and a guaranty deposit law, both of which were I 100,000.. 103 3)1 12,0 0 0 ,0 0 0 .-..............102.15 recommended by the Governor in his message. I 100,000.-102,76 J2,000,000.................. 101.65 J 100,000..102.51 50.000. -103.50 Millet, Roe & Hagen,1, 250.000 104 13 Massachusetts.— Street Railway Bonds Legal for Savings 50.000. -103.25 Banks.— The Bank Commissioner of the Commonwealth 50.000. -102.75New York............. ] 250,0001 .Toilies 50.000. -102.50 I 100,000.-104 41 has named the following street railway bonds as legal in Perry, Coffin & Burr 100.000. . 102.25 100.000. . 104.21 vestments for the savings banks of Massachusetts under the 100.000. .102 100.000. - 104.01 100.000. -101.50 100.000. . 103.81 provisions of Sections 147, 148, 149 and 150 of Part I I I , 100 .000. . 101 Hayden, Stone & f.'o. 100.000. .103.61 Chapter 463, Acts^of 1906: 100,000.-100.50 100,000. .103.41 I 100,000.-103.21 Date of Character of Rate of Date of • 1 25,000.-104.51 I 100,0 0 0 ..103.11 Nam ' of Comp mu— Ronds. Interest. Issue. Maturity. | 25,000..104.50 5 ) 200,000.-103.01 Athol & Orange S ..R y .C o .F irst m t g e ... J)tn. 1 1395 Jail. 1 1015 | 200,000 .104.17 Boston Elevated R y. C o .P la ln ________ 1 390,000. 105 4 May 1 1035 May 1 1905 | 200,000.-104.07 First National Bank, | 300,000 104 7 -, . P la in ________ 4 /$ Oct. 1 1907 Oct. 1 1937 U. S.Trust C o.,/ 500,000.-104.01 Chicago, 111........... ' -----------" Dee. 1 1920 Dec. 1 1900 300.000. . 104.60 Citizens Elec. St. R y. C o.F irst mtge . . 5 Now Y o r k _________|200.000.. 103.07 Dartmouth & W estport | 200,000.. 103.87 300.000. .104,25 5 Street R y . C -........ ........ First m tge___ April 1 1895 April 1 1915 I 200,000. .103.77 50.000. -103 53East Middlesex S t.R y .Co.Plaln . . . ____ 5 Sept. 1 1893 Sept. 1 ltfl8 \ 11,000,000 103.57 50.000. -103.57 ......................................... ..Plain __________ 4 Jan. 1 1902 Jan. 1 1922 J25,000,000 103.50 50.000. . 103.52 F itch .& L erm .S t.R y.C o. - First m t g e . . . 5 April 1 1807 April 1 1917 50.000. -103.45 1 200.000..104.03 “ " " -C ms 1. n. tge. Feb. 1 1001 Feb. 1 1921 4J4 . 103 or, " I 200,000. .103.89 Simon Borg & Co.,| 5 0.000. Hclyt ke Street R y. C >. . Debenture . . April 1 1895 April 1 1915 New York............. / 50.000. . 103.13 I 200,000.-105.77 5 • . Debenture . . Oct. 1 1900 Oct. 1 1920 100.000. .103.03 ' A slel& C o., N. Y — / 200,000.-103.65 " “ •• . -Debenture , _ 5 April 1 1903 April 1 1023 100.000. . 102.87 Pittsfield Elec. S t .R y .Co .M ortgage-----i 200,000.-103.54 4 July 1 1903 J ul V 1 1923 I 100,000.. 102.76 I 200,000.-103.41 ■’ " " ” .M ortgage------4 May 1 1907 July 1 1923 | 100,009.. 102.66 I 300,000.. 103.09 Springfield St. R v. C> ...First m tge___ 4 April 1 1903 Apt 11 1 1923 J 100.000..102.55 J 250,000.-101.03 5 Cnl i> Street R v.'C ' _____ C ns 1. mtge. Jan. t 1804 Jan. 2 1914 1 5 9.000.. 104.01 Mch. 1 1894 1 50,000.. 104.25 W est End Street R y . d o . D ebenture.. . 4H Mch. 1 1914 I 50,000.. 103.75 I 50,000.. 104.19 “ " '■ Debenture 4 — May 1 1896 May 1 1916 I 150,000.-103.50 Farson, Son & Co.J 50,000.. 104 4 “ " “ ...D e b e n t u r e _________ Feb. 1 1807 Feb. 1 1917 Kecch, Loew & Co., | 40,000 103 25 Chicago, III........... | 100,000..103.90 4 “ “ " Debenture_________ Aug. 1 1900 Aug. 1 1915 --------'.103 New York_______ / 50.000. | 50,000.-103.69 4 “ “ “ Debenture_________ Aug. 1 1902 Aug. 1 1932 I. 50.000. -102,50 J 100,009.-103.35 I 50.000. -102.25 Nevada.— Special Session of Legislature Adjourns.— The J. & VV. Sellgmanl$13,500,000 from 100 J 50.000. .102 & Co., N. Y __ ] to 104.63 Legislature of this State which convened in special session M. Wood.................. 350,000 104 016 Farm. L. & Tr. C o .,N .Y .3,300,000.. 104 C. Mercantile Safe Dtp. - ‘ 64.016 on Jan. 14 (V. 86, p. 62) adjourned Feb. 1 after passing a 1 10,000.-105 Co., Balto., Md---- 250,000..104 0 ‘ 5 resolution asking the President to retain the troops at Gold | 25,000.-104.25 Heldelbach, Ickel- j 560,000 from I 25,000.. 104 field until April 1, owing to the troubles between the miners heimer & Co., N. Y\ 101.76 to 104.01 First'National Bank]- 50,000 .104 and the mine-owners at Coldfield. 1 125.000.. 104.06 I 25,000.-103.75 100,000.. 103.56 I 35,000.. 103.50 30.000. -103,51 I 1 00,000 ..1 3 100.000 103 06 J 5,000..103 J. S. Baehe & Co., 47.000* •103 01 B o n d P r o p o s a l s a n d N e g o t i a t i o n s this week 1 250,000.-104,50 New York............. / 100,090. 102 56 have been as fo llo w s: I 250,000.-104.25 I 25,000.-102,51 I 250,000.-104 I 100,000.-102,31 I 250,000.. 103.75 Albany, Dougherty County, Ga — Bond Offering— Re J 100,000.-102.06 Fisk & Robinson.) 500.000 103.50 1 300,000.. 103.87 ports state that proposals will be received until March 10 for New Y o rk ------------ | 500.000 103.25 I 300,000.-103.51 I 250,000.. 102.25 the five issues of 5 % gold coupon improvement bonds, I 300,000.. 103.13 I 250.000..102 I 300.000.. 102.88 aggregating $75,000, bids for which were rejected (V. 86, p 1 25,000.. 101.75 Goldman, Sachs &|1.007,000 103 50 121) on Jan. 6. ■ R. L. Day & Co .,/ 25,000.......... 104.03 Co., New Y o r k .../ 475,000 193 25 Boston, Mass 14000000 101.5 to 104.18 I 300,000.-103.87 Allegheny (now City of Pittsburgh), p a ., Fifth Ward I 300,000.-103,51 1 100,000.. 104.18 I 309,000.. 103.13 „ I 100,000.-104.05 School District.— Bond Election.— An election will he held j 300,000.. 102 88 Estabrook & Co.,1 200,000. 103.92 Feb. 18 to vote on the question of issuing $250,000 school M. E. Harvey.............. 250,000.. 103.863 Boston, Mass.........| 200,000. 103.79 I 200,000..103.66 Thos. Denny & C o._f 270,000 from building and power-hoUSe construction bonds at not exceed J 200,000.. 103.53 U02.375 to 104.625 ing 6 % interest. l™'" Feb. lf> 190.8.] CHE CHRONICLE. Altus, Jackson County, Okla.— Bonds Voted .—The propo sition to issue the $50,000 6% 30-year water-works bonds mentioned in V. 86, p. 299, carried by a vote of 318 to 6 at the election Feb. 5. Date of sale not yet determined. Angleton, Brazoria County, Texas. — Bonds Voted .— At an election held Jan . 14 a proposition to issue bonds for the installation of a drainage system carried, it is reported, by a vote of 123 to 4. It is further stated that the amount of bonds to be issued will be about $54,000. Arlington Heights Independent School District, Tex.— Bonds R egistered .— On Jan. 31 an issue of $11,000 5% schoolhouse bonds was registered by the State Comptroller. Ma turity Jan . 1 1948. Arp Independent School District (P. O. Arp), Smith County, Tex.— Description of B onds. —The $1,500 5% 10-20ycar (optional) school-house bonds registered by the State Comptroller on Dec. 10 1907 (V. 85, p. 1658) are in denomi nation of $100 each and are dated July 1 1907. Interest annual. Audubon, Montgomery County\ P a . — B ond Election P ro posed .—It is stated that the Board of Trade has petitioned the Councils to call an election to vote on the question of issuing bonds to construct a water and sewerage system and pave the streets. Aurora Township (P. O. Aurora), Portage County, Ohio.— N o Action Yet T ak en .— Up to Jan. 28 no action had yet been taken relative to calling an election to vote on the question of issuing the $10,0.90 town-hall-construction bonds men tioned in V. 85, p. 1226. Barnstable County (P. O. Barnstable), Mass.— Note Sale. —The Clerk of Board of County Commissioners has written us advising us that the $18,000 Bass River bridge notes offered without Success on Jan. 1 (V. 86, p. 122) have been sold. Bath, Me.— P rice P a id for B o n d s .—The price paid for the $16,000 4% 20-year coupon sewer bonds awarded on Jan . 29 to Merrill, Oldham <k Co. of Boston (V. 86, p. 299) was 100.539 and accrued interest—a basis of about 3.9 6 1% . Following is a list of the bids: 43:5 $500. Date April 1 1908. Interest semi-annually at the City Treasurer’s office. j Bradford School District (P. O. Bradford), Ohio.— Bond O ffering. — Proposals will be received until 12 in. Feb. 19 (date changed from Feb. 17) by J . T. Arnold, Clerk Board of Education, for $40,000 5% coupon school-house bonds. Authority, Sections 3988, 3991, 3992, 3993 and 3994, Re vised Statutes; also election held Nov. 5 1907. Twenty bonds are in denomination of $1,000 each and ten bonds are in denomination of $2,000 each. Date Feb. 17 1908. In terest March 1 and Sept. 1 at the District Treasurer’s office. Maturity $1,000 yearly on Sept. 1 from 1910 to 1929 inclu sive and $2,000 yearly on Sept. 1 from 1930 to 1939 inclusive. Certified check for 2% of bonds bid for, payable to the Dis trict Treasurer, is required. Accrued interest to be paid by purchaser. These bonds were offered without success as 4s (V. 86, p. 122) on Jan . 6. Burlington, Alamance County, N. C. —B id s Rejected. — On Feb. 10 all bids received for the $50,000 water and $50,000 sewer 5% 30-year coupon bonds described in V. 86, p. 299 were rejected. Cadiz, Harrison County, Ohio.— Bonds Defeated. —On Feb. 8 the electors of this town cast a vote of 95 “ for” to 130 “ against” a proposition to issue $25,000 street bonds. Caldwell County (P. O. Lockhart), Texas.— Bonds R egis tered. —An issue of $15,000 5% road and bridge bonds was registered on Jan. 22 by the State Comptroller. Maturity Nov. 19 1947, subject to call after five years. Cameron, Milam County, Texas.— Bond Election Proposed. —This city is considering the question of calling an election to vote on a proposition to issue $20,000 sewer bonds. Canova School District (P. O. Canova), Miner County, S. D . — Bonds Voted.— An election held recently resulted in favor of a proposition to issue $6,485,5-20-year (optional) school-building bonds. Carman, Man.— Debenture O ffering. —Proposals will be received until 12 m. Feb. 25 by A. Malcolmson, SecretaryTreasurer, for $16,000 5% coupon water-works and sewer debentures dated June 30 1907. Interest annually at the Canadian Bank of Commerce at Carman. Maturity part Merrill, O l d h a m & C o . , H o s t - 1 0 0 . 5 3 9 R u d o l p h K l e y b o l t e & C o _____ a lO O .O O yearly on June 30 from 1908 to 1927 inclusive. Debentures P e r r y , C o f f in & H u r r , B o s t o n 1 0 0 .3 3 3 K i d d e r , P e a b o d y & C o . , B o s . 1 0 0 .0 1 5 L e e , H lg g ln s o n & C o . , B o s t o n 9 9 .5 0 N . W . H a r r is & C o . . B o s t o n - 1 0 0 .2 7 are exempt from all taxation. P a r k i n s o n & B u r r , B o s t o n . 9 0 . 7 2 H u n t , M a n n & S a l t o n s t a l l ___ 1 0 0 .1 3 1 Cartierville, Quebec.— Debentures Voted.—At an election T u c k e r , H a y e s & C o ., B o s to n 8 8 .7 6 2 a " P lu s $ 1 0 .” held Jan . 4 a proposition to issue $11,000 6% sewer-systemAll bidders offered accrued interest in addition to their bids. completion debentures carried. Bay City, Bay County, Mich.— Bond S a le .—Local banks Champaign County (P. O. Urbana), Ohio.— Bond O ffer have purchased the $75,000 5% local-improvement bonds in g .— Proposals will be received until 1 1 a . m. March 2 by offered without success on Dec. 2 1907. See V. 85, p. 1658. the County Commissioners at the office of C. E . Russell, Bellevue (P. O. Station, Allegheny), Pa. — Bond E lection .— County Auditor, for the following bonds: The Borough Council on Dec. 10, 1907, passed an ordinance $ 1 , 4 0 0 4 % e u p m M d i r D i t c h c o n s t r u c t i o n b o n d s . D e n m i n a t l i n $ 1 4 0 . M a tu r ity $ 1 4 0 e a c h s ix m o n th s fr o m S e p t. 5 190 8 t ) M a rc h 5 providing for an election to be held Feb. 18, for the purpose 1 9 1 3 In clu s iv e . • • of voting on the question of issuing $100,000 bonds to build 3 , 6 1 0 4 ’ ,', o u p j n H o d g e J o i n t D i t c h c o n s t r u c t i o n b o n d s . D c t i m l n a t l o n $360, excep t on e bon d o f $370. M a tu rity $ 3 7 0 o n S e p t. 5 1 90 8 a borough hall, pave and curb streets and construct sewers a n d $ 38 0 e a ch s ix m o n th s fr „ m M a rc h 5 190 9 to M a rc h 5 1 9 1 3 in Fairvicw District. This item was inadvertently reported In clu s iv e . under the head of Bellevue, Ohio, in V. 86, p. 122. Authority Title 6, Chapter 1, Section 4479 et seq., Revised Benton, Franklin County, 111.— Bond S a le .—-This village, Statutes. Date March 5 1908. Interest semi-annually at we are informed, has awarded two issues of 5% sewer bonds, the County Treasurer’s office. aggregating $6,000, to the Harris Trust & Savings Bank of Charlotte, N. C.—■Bonds Authorized.—This city has a u Chicago. One issue amounts to $1,500, is dated Jan . 1 1908 thorized the issuance of $200,000 street-improvement bonds. and matures part yearly from 19 13 to 19 15 inclusive; while Chehalis County School District No. 71, W ash.— Bond the other issue is for $4,500, dated Oct. 1 1907 and matures a le. —On Feb. 8 this district disposed of to the State of in fifteen years. All bonds are in denomination of $500 each. SWashington at par for 6s an issue of $2,000 2-year school Benton County School District No. 7, Wash.— Bond building bonds. Denomination $500. O ffering .—Proposals will be received until 10 a. m. Feb. 20 Chicago (111.) Sanitary District.—Road O ffering.— Pro by It. B. Walker, County Treasurer (P. O. Prosser), for $5,000 coupon school-building bonds at not exceeding 6% posals will be received until 1 p. m. Feb. 19 by I. J . Bryan, interest. Authority Sections 117 , 118 , 119 , &c., of the District Clerk, for $1,917,500 4% coupon bonds. These se Code of Public Instruction, Laws of 1897, pages 357 et seq. curities are the unsold portion of an issue of $2,000,000. Date, day of issue or the “ first of some month,” at option Denominations: $500 and $1,000. Date Dec. 1 1907. In of purchaser. Interest annually at the County Treasurer’s terest semi-annually at the office of the District Treasurer. office. Maturity twenty years from date of issue. As Maturity on Dec. 1 as follows: $87,000 in 1909, $108,500 in sessed and equalized valuation for 1907 $10 7,130 . Real 1912; $77,000 in 19 17; $96,000 in 1920; $111,0 0 0 in 1922; $94,000 in 1926 and $112,000 in each of the years 1910, 1 9 1 1 , value (estimated) $220,000. 19 13 , 1-914, 19 15, 19 16 , 1918, 1919, 19 21, 1923, 1924 and Bernalillo County School District No. 1, N. Mex . — B o n d 1925. Certified check (or cash) for 5% of bid, payable to O fferin g .— Proposals will be received at any time by John the “ Clerk of the Sanitary District of Chicago,” is required. S. Beaven, County Treasurer, for $3,500 6% coupon school-Purchaser to pay accrued interest. Bonds will be delivered: • house bonds. Denomination not less than $25 nor more 50% on March 1 1908 and 50% March 25 1908. than $500. Date, day of sale. Interest Jan. 1 and July 1 Cincinnati, Ohio.— Sales for the Y ear 1907.—This city sold at the County Treasurer’s office in Albuquerque. Bonds during the calendar year 1907 $3,769,700 general bonds and are “ due in twenty years, redeemable after ten years and $316,573 60 assessment bonds. The sales of $3,653,700 must be paid in thirty years.” They arc tax-exempt. Total debt, including this issue, $4,000. Assessed valu general bonds and $262,189 40 assessment bonds were pre viously reported in these columns. The general bonds, the ation $110,020. sales of which we had no previous knowledge, are as follows: Blue Ridge, Fannin County, Ga.— Bond O ffering. —Pro $ 1 0 , 0 0 0 4 % 5 0 - y e n r p a r k - i m p r o v e m e n t b o n d s d a t e d S e p t . 1 1 9 0 7 . posals will be received until 12 m. March 2 by F. G. Duncan, 8 ,5 0 0 4 % 2 y e a r B u rn s S tre e t I m p ro v e m e n t b o n d s d a te d A u g . 30 1 90 7. City Clerk, for the $30,000 5% water-works and electric- 7 8 , 0 0 0 4 % A 1u5g .y e3a0r 1 9s 0t r7e. e t - i m p r o v e m e n t ( c i t y ’ s p o r t i o n ) b o n d s d a t e d light bonds voted on Nov. 25 1907. Denomination $1,000. 1 9 , 5 0 0 4 % 4 0 - y e a r G e s t S t r e e t w i d e n i n g b o n d s d a t e d D e c . 3 1 1 9 0 7 Date March 2 1908. Interest semi-annually in June and The above issues were all purchased by the Sinking Fund. December at the North Georgia National Bank in Blue Bond S a le . —On Feb. 10 the $150,000 4% Gilbert Avenue Ilidgc. Maturity thirty years. Certified check for $1,000, widening bonds maturing Jan. 2 1948 and the $130,000 4% payable to F . G. Duncan, City Clerk, is required. The city Hunt Street widening bonds maturing Oct. 1 1947, described has no debt at present in V. 86, p. 18 1, were awarded to the German National Bank, Boulder, Boulder County, Col.— B ids Rejected .—From the the Western German Bank, the Central Trust & Safe Deposit City Clerk we learn that all bids received on Feb. 3 for an Co. and the Provident Savings Bank, all of Cincinnati, at issue of $15,000 4)^% 10-15-year (optional) public-building their joint bid of 106.07—a basis of about 3.708% . The bonds offered on that day were rejected. Denomination bids were as follows: 434 ’ THE CHRONICLE. [VOL. LXXXV1. Essexville, Bay County, Mich .— Bond O ffering .— Proposals will be received up to and including Feb. 26 for the $25,000 5% Woodside Avenue paving bonds mentioned in V. 86, p. 241. Authority No. 356, Local Acts of the Legislature of 1 3 6 ,5 2 5 1 3 0 ,0 4 5 1903; also election held March 13 1905. Denomination $1,000. Date March 1 1908. Interest semi-annually at the 1 3 5 ,2 2 6 1 3 3 ,6 0 0 Bay City Bank of Bay City. Official circular state's that 1 3 3 ,3 9 3 there is no litigation of any kind pending affecting the vil 1 3 2 ,8 7 3 ________ lage or the title of the present officers to their respective 1 3 1 ,1 1 3 offices. ............... Colbert County (P. O. Tuscumbia), Ala — Bond S a le .— Estelline, Hamlin County, S. D .— Bonds Voted .—The issu F. M. Stafford & Co. of Chattanooga inform us that they ance of $4,000 bonds was authorized, we are advised, at an were recently awarded $16,000 6>£% jail-construction bonds election held recently. of this county. Denomination $500. Date Jan. 1 1908. Eugene, Lane County, Ore.— Bonds Not S o ld . — B. F. Dor Interest semi-annually in February and August. ris, City Recorder, advises us that no award was made of the Columbus, Ohio.— Sales for the Y ear 1907.— During the $300,000 5% 15-40-year (optional) water-plant-purchase year 1907 the City of Columbus issued $1,762,900 general bonds proposals for which were asked until Jan . 6. (V. 85, bonds and $613,200 sundry assessment bonds, of which p. 1227), as the city is awaiting a decision of the Supreme $1,279,200 (including general and assessment bonds) were Court in a case concerning the validity of the law authorizing previously reported by us as having been sold. Of the gen the sale of these bonds. eral bonds issued during the year, $23,200 bear 4 y 2% in Farmville, Pitt County, N. C .— Bond S a le .— The $5,000 terest and $1,739,700 bear 4% interest. The assessment bonds are composed of $447,200 4s and $166,000 4)^s. The 5% 30-year bonds to aid in the construction of the Raleigh general bonds, sales of which we had no previous knowledge, & Pamlico Sound Railroad have been disposed of to citizens of this town. Securities are dated Aug. 1 1907 and described were as follows: $ 1 4 0 , 0 0 0 4 % e i '- '- t r l c - l l g h t b o n d s d a t e d D e c . 1 1 9 0 6 a n d m a t u r i n g M a r c h 1 in V. 86, p. 123. 2 5 ,0 0 0 1 4 % llg n t a n d p o w e r e n g in e -h o u s e b o n d s d a t e d M a r c h 30 1 9 0 7 a n d Fitzgerald, Irwin County, Ga .— Bond Election .— An elec m a tu r in g O c t 1 1936. tion has been called Feb. 18 for the purpose of submitting 1 0 0 .0 0 0 4 % w a t e r - w o r k s r e f u n d i n g b o n d s d a t e d A p r i l 1 1 9 0 7 a n d m a tu rln g A p ril 1 1 9 3 7 . to the voters the question of issuing $20,000 5% 30-year 5 0 .0 0 0 4 % s t r e e t I m p r o v e m e n t ( c i t y ’s p o r t io n ) b o n d s d a t e d A p r il 30 funding bonds. Interest semi-annual. 1907 a n d m a tu r in g O c t . I 1 9 1 8 . 1 6 ,0 0 0 3 4 % c l t v - h a ll b o n d s d a t e d M a r c h 15 1 9 0 7 a n d m a t u r in g S e n t I Floodwood School District (P. O. Floodwood), St. Louis 1927. * 5 0 .0 0 0 4 % p u b lic - im p r o v e m e n t ( c i t y ’s p o r t io n ) b o n d s d a t e d M a rch 15 County, Minn.— Bonds Proposed .— Application has been 1 9 0 7 a n d m a tu r in g M a r c h 1 1 9 1 9 . made to the State of Minnesota for a loan of $10,000. 1 .2 0 0 4 % s t r e e t - w id e n in g b o n d s d a t e d O c t . 31 190 7 a n d m a tu r in g O ct. 1 1917. Floral Park, Nassau County, N. Y .— Description of Bonds. 6 .0 0 0 4 J n ° o p a r k b o n d s d a t e d O c t . 10 1 9 0 7 a n d m a t u r in g O c t . 1 1 9 2 7 . 1 .2 0 0 4 i 4 % s t r e e t - o p e n i n g b o n d s d a t e d N o v . 3 0 1 9 0 7 a n d m a t u r i n g — We are advised that the interest on the $4,500 5% fireS ep t. 1 1917. department-maintenance bonds which were awarded on 6 .0 0 0 4 Y i % b r id g e a n d v i a d u c t - r e p a i r b o n d s d a t e d O c t . 2 5 1 9 0 7 a n d Feb. I to the Floral Park Bank at par (V. 86, p. 361) is m a tu r in g M a rc h 1 1 9 1 3 . 1 0 .0 0 0 4 bj % s e w e r b o n d s d a t e d S e p t . 3 0 1 9 0 7 a n d m a t u r in g S e p t . 1 1 9 3 7 . payable semi-annually in January and July. Denomination 1 7 5 .0 0 0 4 % w a t e r b o n d s d a t e d J u n e 10 1 9 0 7 a n d m a t u r in g J u n e l 1 9 3 7 . Maturity $500 yearly on Ju ly l from 1908 to 1916 3 ,5 0 0 4 % I m p r o v e m e n t b o n d s d a t e d S e p t . 11 1 9 0 7 a n d m a t u r i n g O c t 1 $500. 1917. inclusive. 7 5 . 0 0 0 4 % s e w e r b o n d s d i t e d J u n e 10 1 9 0 7 a n d m a t u r 'n n - H - t . i 1 9 3 7 . Fort William, Ont.— Debenture S a le. — Wood, Gundy & The above bonds were purchased by the sinking fund at Co. of Toronto have been awarded, it is stated, $102,000 par and interest. Interest is payable semi-annually. Dayton, Ohio.— Bond S a les .—The following bonds were water works, $30,000 electric-light and $25,000 high-school debentures. disposed of at par during the month of January: $ 3 ,6 0 0 5 % M o n u m e n t A v e . e x t e n s io n b o n d s d u e F e b . 1 1 9 1 3 . Franklin, Neb .— B id Rejected .—The only bid received on 1 5 ,0 0 0 5 % g e n e r a l s t r e e t - im p r o v e m e n t a n d r e p a ir b o n d s d u e F e b . 1 1 918 Jan . 31 for an issue of $17,000 5% 5-20-year (optional) t o o q i\n/n T iia |n e s t r e e t I m p r o v e m e n t b o n d s d o e F e b 1 1909. 1 ,9 0 0 6 % S e w e D s t r ic t N o . 4 b o n d s d u e M a r c h 1 1 9 1 3 . • water-works bonds offered on that day was one below par. 9 6 0 0 5 % S e w e r r e s t r ic t N o . 4 b o n d s d u e $ 6 0 0 o n M a r c h 1 1 9 0 9 a n d $1 0 0 0 This offer was rejected. As stated in V. 85, p. 1227, these y e a r ly o n M a rc h 1 fr o m 1 9 1 0 t o 1 9 1 8 I n clu s iv e . Denver, Col.—Montclair Park District .— Bond O ffering .— bonds were also offered without success on Oct. 21 1907. Proposals will be received until 4:30 p. m. March 3 by Lem Denomination $1,000. Glen Rock, Bergen County, N. J .— Bond O fferin g.— Pro J . Smith, Secretary of the Park Commission, for $397,700 6% park bonds. 13onds are dated March 1 1908. Interest posals will be received until 8 p. m. March 10 by James B. annually at the Mercantile Trust Co. in New York City. Christopher, Borough Clerk, for $35,000 5% street and highway-grading-and-macadamizing bonds. Authority Section Maturity seventeen years, subject to call after live years. Eastchester (P. O. Tuckahoe), N. Y .— Bond S a le .— An 41, Chapter 1(51, Laws of New Jersey, approved April 24 issue of $ 11,2 17 14 5% registered bonds for the purpose of 1897; also election held Nov. 26 1907. Denomination $500. paying claims for damages for change of grade of Jefferson Date April 1 1908. Interest semi-annual. Maturity on Place, proposals for which were asked until Jan. 28, has April l as follows: $5,000 in each of the years 19 18 and 1923, been awarded to Geo. M. Halm of New York City at 101.29. $7,000 in 1928, $8,000 in 1933 and $10,000 in 1938. Certi Denomination $1,000, except one bond of $217 14. Date fied check (or cash) for 5% of bonds bid for, payable to the Dec. 1 1907. Interest semi-annually at the Mount Vernon Collector of Taxes, is required. Bonded debt at present Trust Co. of Mount Vernon. Maturity $5,000 on March 1 $2,000. Assessed valuation for 1907 $412,992. Govan School District No. 1838 (P. 0. Go van), S ask .— 1927 and $6,217 14 on March 1 1928. In addition to the above award, $7,000 5% registered Debenture S a le .— An issue of debentures was recently dis street-improvement bonds were also sold to Geo. M. Hahn posed of, we are advised, to a local party at par. of New York City at 100.29. Denomination $1,000. Date Grand Rapids, Mich. — Bond O ffering .—Proposals will be Dec. I 1907. Interest semi-annually at the Mt. Vernon received until 3 p. m. Feb. 17 by John L. Boer, City Clerk, Trust Co. of Mount Vernon. Maturity $1,000 yearly on for $153,000 4)j}% coupon street-improvement bonds and Dec. 1 from 19 15 to 1921 inclusive. accrued interest. Authority Section 199, Title 6, Sub-divi Easton, Northampton County, P a .— Bond Election .—An sion 1, City Charter. Denomination $1,000. Date May l election will be held Feb. 18 to vote on a proposition to issue 1907. Interest semi-annually at the City Treasurer’s office. $241,000 sewer bonds. The City Comptroller writes that Maturity $51,000 on May 1 in each of the year’s 1910, 19 11 and 19 12. An unconditional certified check for 3% of bonds they “ probably will be 4% straight 30-ycar gold bonds.” East St. Louis School District No. 189, 111 .— Bond S a le .— bid for, made payable to the City Treasurer, is required. We are advised that the $60,000 4% school-building bonds These securities were offered but not sold (V. 85, p. 1102) offered without success on Jan. 6 (V. 86, p. 123) have been on Oct. 14 1907. Green Bay, Brown County, W is .— Bond S a le .— On Jan . 24 awarded to N. W. Halsey & Co. of Chicago. East Toronto, Ont.— Debenture O ffering .— Proposals will $17,000 4*A}% coupon street-improvement, school-house and be received until 8 p. m. Feb. 17 by W . H. Clay, Town Treas site-purchase bonds were awarded to the Citizens’ National urer, for $10,000 5% general debentures. Interest annual. Bank of Green Bay at par and accrued interest, less $407. A bid was also received from the Harris Trust & Savings Bank Maturity part yearly for thirty years. of Chicago at par and accrued interest less $420. Denomi Eaton, Preble County, Ohio.— Bond S a le .— On Feb. 10 nation $1,000. Date Ju ly 1 1907. Interest semi-annual. the $115,000 4 f/j.% coupon sewer-system bonds described Maturity on Jan. 1 as follows: $1,000 in each of the years in V. 86, p. 300, were awarded to Breed & Harrison of 1909, 1914, 19 15 and 1916; $2,000 in each of the years 1910, Cincinnati. The other bidders were as follows: 19 11 , 19 12, 1913 and 1918, and $3,000 in 19 17. S e a s o n g o o d & M a y e r ,C I n $ 1 2 1 ,9 3 5 0 0 W . R . T o d d & C o ., C i n e . $ 1 1 9 ,6 2 2 Bonds Not S o ld .— No bids were received for the following W e l l , R o t l i & C o . , C h i c . - 1 2 1 , 6 7 0 0 0 W . J . H a y e s & S o n s , C l e v . 1 1 8 ,0 2 4 bonds, proposals for which were also asked for until Jan . 24: F ir s t N a t ’ l B a n k . E .H .R o l l l n s & S o n s , C h i c . 1 2 1 ,2 9 0 50 N e w $ 1 5 0 ,0 0 0 B on d s. G e r m a n N a t. B a n k , W e s t e r n G e r m a n B a n k , C o n tr a il T r u s t & S a fe D e p o s i t C o . a n d P r o v id e n t S a v ln g s ^ S 1 5 9 ,1 0 5 B a n k , a l l o f C i n c i n n a t i ------------------------------------------------------------- J ^ e a s o n g o o d <fe M a y e r . C i n c i n n a t i ------------------------------------------------ 1 5 7 , 5 2 7 R u d o lp h K e y b o l t e & C o . , C i n c i n n a t i a n d l ........................ 1 5 6 , 9 7 5 E . H . R o l l i n s & S o n s , C h i c a g o ----------------------- j I n v l n , B a l l m a n & C o ----------------------- ------------ ------------------------------------- 1 5 4 , 9 8 0 A t l a s N a t i o n a l B a n k , C i n c i n n a t i ................................. ........... — 1 5 4 ,1 5 0 U n io n S a v in g s B a n k & T r u s t C o ., C in c in n a t i. - ............ 1 5 3 , 9 1 5 S . K u h n & S o n s , C i n c i n n a t i ---------------------------------------------------------- 1 5 3 , 3 1 5 C . E . B u l t m a n & C o ---------------------------------------------------------------------------- 1 5 3 , 1 5 0 C i a s . M u r r a y & C o ---------------------------------------------------------------------------- 1 5 3 , 0 3 0 Q u e e n C i t y S a v i n g s B a n k ( f o r $ 5 0 . 0 0 0 ) - ........................ ........... 5 1 ,0 1 0 O tis & H o u g h , C le v e la n d R . lv le y b o lte & C o ., C in e . U n io n S a v s . B a n k & T r . , C i n c i n n a t i -------------------------F ir s t N a t . B a n k , C l e v e . . 1 2 1 ,1 6 5 0 0 1 2 1 ,1 6 4 0 0 1 2 0 ,7 9 6 0 0 1 1 9 ,7 2 5 0 0 $ 1 3 0 ,0 0 0 B on d s. 3 1 3 7 ,8 9 1 118 001 C o l u m b u s ________________ S e c u r it y S a v s . B a n k & ’ T r u s t C o . , T o l e d o _____ 1 1 7 , 4 1 5 A . K l e y b o l t e & C o . , C in e 1 1 7 ,3 0 0 Elmwood Place (P. O. Station P, Cincinnati,) Ohio.— Bond S a le .—This village has awarded the $10,000 4% 30-year refunding bonds offered without success on Dec. 30 1907 (V. 86, p. 123) to the National Bank of Elmwood Place at private sale. The price paid was par. 5 8 .0 0 0 4 y i % c o u p o n S e w e r D is tr ic t D a te J an . 1 1 1)08 . M 1001) t o 1 9 2 4 I n c l u s i v e . 4 . 0 0 0 4 )a c o u p o n S e w e r D is tr ic t ' D a te J a n . 1 1008. M 1000 to 1024 In clu s iv e . 1 0 . 0 0 0 4 S3 % c o u p o n S e w e r D i s t r i c t ‘ D a te J a n . 1 1008. M 1 00 0 to 1028 In clu s iv e . 1 0 .0 0 0 4 1 4 % c o u p o n S e w e r D is t r ic t ' D a te J a n . 1 1008. M 1000 to 1028 In clu siv e . N o. 1 a tu rity ?500 N o. 2 a tu r ity bon ds. D e n o m in a tio n $ 2 5 0 . $ 2 5 0 y e a r ly o u J a n . 1 fr o m N o. 5 a tu r ity bon ds. D e n o m in a t io n $ 5 0 0 . S 5 0 0 y e a r ly o n J a n . I fr o m N o. 8 a tu rity ban d s. D e n o m in a t io n $ 5 0 0 . $ 5 0 0 y e a r ly o n J a n . 1 fr o n t y e a r ly on J a n . 1 fr o m Feb . 15 '9<J8.| 435 THE CHRONICLE. a i-i, v u “ Trimnpp ind E x n e n d itu re sD o w lin g of Johnstown at 10 1.17 7 and accrued interest a of C t a p i S f t o a S t a t u t e of 1898, ./am ended in bads ofX b o u t4 237%[ to the optional date and about 4.43% 1907. Interest semi-annual. Purchaser to furnish blank to full maturity. Following are the bids, bonds. Official circular states there is no litigation pending W .^ D owUm , John.i-.ioi.l77 to WE m. eJ r. yH, aA ynedse r&s oSno n&s .C Co .l, eCv l.-. 5 11 00 00 ,, 00 00 00 or threatened in any manner affecting the validity ot tnese J o h n s t o w n ----------- 1 0 0 , 5 0 0 oo O t i s & H o u g h , C l e v e l a n d - - 1 0 0 , 0 0 0 bonds, and that there has never been any default in the pay- Rob«tpB .^dinning & lQQ u " QQ AF i. r sRt. NL ae at .c hB &k . C, Co .l,e vNe.l aYn -d -- .. 11 00 00 ,, 00 00 00 ment of principal or interest. All bidders offered accrued interest in addition to their Hamilton, Ohio.— B o n d s A u t h o r i z e d a n d S o l d . Hamilton bids, p a p e r s state that the City Council on Ja n .^25 p a ss^ an ordir | Joplin, Jasper County, Mo.— B o n d O f f e r i n g . — Proposals Jan . 15 1908. It is further stated that these bonds are to be taken at par by the Board of Sinking Fund Trustees. B o n d S a l e . — This city on Jan. 22 disposed of the two issues of 4M % bonds aggregating $35,168 87, a description of which was given in V. 86, p. 63, as follows: X20 0 0 0 0 0 4 3 4 % 5 ’ 15 1 6 8 8 7 4 V, % ’ 2 0 -y c a r c o u p o n e le c t r lc -llg h t -p la n t -lm p r o v e m e n t b o n d s d a te d O c t. 1 1 9 0 7 , a w a rd e d to th e G erm a n . N a tio n a l R a n k o f C in c in n a t i f o r $ 2 1 ,1 1 2 5 0 (1 0 5 .5 6 ) a n d a c c r u e d In t e r e s t — a b a s is o f a b o u t 4 . 0 8 % . co u p o n P ark A v en u e Im p rov em en t assessm en t b o n d s, a w a r d e d t o th e C e n tr a l T r u s t & S a fe D e p o s it C o . o f C in c in n a t i fo r $ 1 5 ,2 0 7 80 (1 0 0 .8 4 ) a n d a c c r u e d I n te r e s t— a b a s is o f a b o u t 4 . 3 3 % . These bonds are dated Dec. 1 1907 and mature part yearly on Dec. 1 from 1908 to 19 17 inclusive. Hancock, Houghton County, Mich.— B o n d s N o t S o l d .— B o n d O f f e r i n g . — No award was made on Feb. 3 of $14,537 22 5% coupon paving assessment bonds offered on that day. These bonds are now being offered as 6s and proposals will be received until 6 p. m. Feb. 17 by A. F. MacDonald, City Clerk. Denomination $3,634 3 1. Date June 18 1907. In terest Jan . 1 and Ju ly 1 at the First National Bank of IlanMaturity $3,634 31 yearly on June 18 from 1908 to 19 IT inclusive^ Bonds Tre^exempt" from taxation. Certified check for 1% , payable to the City Clerk, is required. Harlan County High School District No. 3, Neb.— B o n d S a le. —The $20,000 6% coupon high-school-building fur ge£tion 5 3 5 9 , Revised Statutes of 1899. Denomination $500. Datc Feb l 1908 interest semi-annually at the City Treasurer,g office Maturity Feb. 1 1928, subject to call after Feb l 19 13 Certified check for $500, payable to the “ City of Joplin,” is rc required. Accrued interest is to be paid by n lll, A „ , p r purenaser. Kankakee, Kankakee County, 111.— B o n d S a l e . —This city recently awarded the $18,000 5% judgment bonds offered but not sold on Jan. 18 (V. 86, p. 242) to N. W. Halsey & Co. of Chicago. Keota Independent School District (P. O. Keota), Keokuk, County, Iowa.— B o n d s to B e O f f e r e d S h o r t l y . —The District Secretary writes us that this district will soon be in the mar ket with $20,000 bonds. Knox City Independent School District IP. O. Knox City), Knox County, Tex.— B o n d s R e g i s t e r e d . —The State Comp troller on Jan. 30 registered $16,000 5% school-house bonds maturing Oct. 1 1947. La Rue School District (P. O. La Rue), Marion County, Ohio.— B o n d S a l e . — On Feb. 10 the $4,500 5% coupon schoolI house-completion and improvement bonds described in V. | 86, p. 301, were awarded^to the La Rue Bank Co. of Lit Rue at 103.555 and accrued interest. The bids were as follows: L a R u e H a n k C o ., L a R u c .5 C a m p b e l l N a t . 1 3 k ., L a R u e N e w 1st N a t . R a n k . C o lu m E m e r y A n d e r s o n & C > .,C l e v F ir s t N a t . H k ., C l e v e l a n d - . 4 ,6 6 0 4 ,6 4 0 4 ,6 3 7 4 ,6 2 1 4 ,5 9 0 00 10 50 00 00 1S e c . S a v s . H a n k & T r u s t C o . , T o l e d o -------------------------------$ 4 , 5 6 8 R o d g e r s & S o n s .C h a g r in F ’ ll s 4 ,5 6 7 C l e v e l a n d T r u s t C o . , C l e v e . 4 ,5 4 0 W . J . H a y e s & S a n s , C l e v e . 4 ,5 0 9 50 00 nishing and heating bonds described in V. 86, p. 182, were 60 00 sold on Feb. 1 to W. E . Barkley Jr ., of Lincoln, for $ 2 1, 012 50 (105.062) and accrued interest. Maturity $2,500 Bonds are exempt from taxation and mature $250 each on Jan . 1 in each of the years 19 13 , 19 15, 19 17 , 19 19 , 19 2 1, six months from Sept. 1 1908 to March 119 1 7 inclusive. 1923, 1925 and 1927. Lebanon School City (P. O. Lebanon), Boone County, .............. -_ _x__ Harris Cdunty (P. O. Houston), Tex.— B o n d s A w a r d e d i n Ind . — ........ B o n d .................... S a l e — On....Feb. 4 the $40,000 4}^% coupon P a rt. — Up to Feb. 7 $48,000 more of the $500,000 4% cou- I high-school-building bonds described in V. 86, p. 301, were _____ l I L m / I m a U n v A /la m n n + i A n n r l l’ n V n Via.H I ° 1 1 < * 11 _x _1 ~r T ].* 1 AC 0*70 pon road and bridge bonds mentioned in V. 86, p. 63, had awarded to Albert Baker of Indianapolis at 105.272. T l l C been disposed of at private sale at par and accrued interest. bids received were as follows: This makes a total of $108,000 bonds sold to date. A lb e r t R a k e r , I n d l a n a p .- $ 4 2 ,1 0 9 O O lF le tc h e r N a t . R a n k , I n d - .$ 4 1 ,4 1 0 0 0 Hollywood, Los Angeles County, Cal.— D e s c r i p t i o n o f AH a rRr .i sL Te ar c h& S&a Cv .oR. ,kC. , h Ci cha ig-o 44 11 ,,77 67 17 50 90 ||J.E . FH. . WR iol ldl i n&sC &o .S, oI nn sd,l aCnhai pc 44 11 ,,23 28 07 00 00 B o n d s . — W o are advised that the $15,000 4>£% bonds A . K l e y b o l t e & C o . , C i n e . 4 1 , 6 4 0 0 0 |J. B . H o m a n ................................. 4 1 , 2 0 0 0 0 awarded on 'Jan. 18 to the Merchants’ Trust Co. of Los B r e e d & H a r r i s o n , C l n c l n . . 4 1 , 4 2 7 5 0 1 J o s . T . E l l i o t t & S o n s --------- 4 0 , 1 0 0 0 0 Maturity $3,000 yearly on April 1 from 19 18 to 1930 in Angeles at par and accrued interest (V. 86, p. 300) are in denomination of $1,000 each and are dated Ju ly 2 1907. clusive and $1,000 on April 1 19 3 1. Interest semi-annual. Maturity $6,000 in one year, $6,000 Lenoir, Caldwell County, N. C — B o n d O f f e r i n g . — Pro in two years and $3,000 in three years. posals will be received until Feb. 15 by J . C. Seagle, Town Hugo, Okla.— B o n d s V o t e d . —The electors of this city on Secretary and Treasurer, for $80,000 6% coupon water and Jan . 28 voted in favor of a proposition to issue $150,000 6% sewerage bonds. Authority, an Act of the General Assembly 20-year water-works bonds. Date of sale not yet determined. ratified Feb. 16 1907; also election held Sept. 9 1907. Bonds Huntington, Cabell County, W. Va.— B o n d S a l e . —On Feb. 3 are in denomination of $1,000 and are dated Jan. 1 1908. $50,000 street-improvement bonds, $12,000 fire-depart Interest semi-annually at the Seaboard National Bank in ment bonds and $80,000 funding bonds were awarded to New York City. Maturity Jan. 1 1938. Securities are Seasongood & Mayer of Cincinnati for $142,725 (100.51) and exempt from municipal taxation. Bid must be made on a accrued interest. Denomination $500. Bonds carry 5% blank form furnished by the town and accompanied by a interest, payable annually, and are dated Nov. 1 1907. Ma certified check for 1% of bonds bid for. This town has no debt at present. Total assessed valuation, $1,050,000. turity Nov. 1 1937. Huron Township (P. O. Huron), Erie County, Ohio.— Real value (estimated), $3,000,000. Bonds will be certified to as to their genuineness by the United States Mortgage & B o n d O f f e r i n g . —Proposals will be received until 12 m. Feb. 21 by E . G. Smith, Township Clerk, for $12,000 5% coupon Trust Co. of New York City and their legality approved by township-hall-improvement bonds. Authority Section 1497, Jones & Whisnant, Attorneys, of Lenoir, whose opinion as to Revised Statutes. Denomination $500. Date Feb. 20 legality, or duplicate thereof, will be delivered to purchaser. 1908. Interest semi-annually at the First National Bank of These securities were offered on Dec. 15 1907, but all bids Huron. Maturity $2,000 each six months from Feb. 20 received on that day were rejected. See V. 85, p. 16 0 1. Lewistown, Mifflin County, P a.— B o n d S a le . —On Feb. 3 1909 to Aug. 20 19 11 inclusive. Bonds are exempt from taxation. Certified check for 5% of bid, payable to the $5,000 bonds were awarded as follows: $4,500 to the Citi Township Clerk, is required. Total debt, this issue. As zens’ National Bank of Lewistown at 102 and $5,000 to T. M. Uttley at 102. sessed valuation 1907, $1,372,640. Lima, Allen County, Ohio.— B o n d S a le. — On Feb. 1 1 the Ironton, Ohio.— B o n d s A w a r d e d i n P a r t . —Under date of Feb. 4 the City Auditor advises us that part of the $5,000 $27,000 5% South Pine Street paving refunding bonds de 4% 20-year coupon street-improvement bonds dated Dec. 1 scribed in V. 86, p. 183, were awarded to the Cleveland Trust 1907 offered but not sold on Dec. 10 1907 (V. 85, p. 1659) Co. of Cleveland at 103.777—a basis of about 4 .155% . The bids were as follows: has been disposed of at private sale. Jenkintown, Montgomery County, Pa .— Bond S a le .— This C l e v e l a n d T r . C o a e v e 5 2 8 . 0 1 9 7 9 RH .o cKh llee yr b&o l tCeu &m mC ion. .g Cs , i Tn oe l. 5 22 77 ,, 88 48 27 95 00 W e ll, R o t h & C o .. C i n e - - . 2 7 ,8 4 5 0 0 borough on Jan. 10 awarded $15,000 4 % % improvement c o , T o l e d o - - . - ' . _______ 2 7 , 9 8 7 00 bonds dated Nov. 1 1907 to the Jenkintown Trust Co. at | P r o v i d e n t S a v s . ^ B k . & T r . ^ nn OU tni si o n& SHa ovu. gBhk, . C&l e Tv er .l aCn od.-, 2 7 , 8 4 0 0 0 par. Denomination $100. Interest semi-annual. Maturity De^Vson & F a r n s w o r t h . ’ C i n c i n n a t i ............... ................. 2 7 , 8 1 2 5 0 C l e v e l a n d & B o s t o n ------ 2 7 , 9 6 4 0 0 F i r s t N a t i o n a l B k . , C l e v . 2 7 , 7 9 9 0 0 Nov. 1 19 2 1, subject to call after Nov. 1 19 17. S e a s o n g o o d & M a y e r , C l n . 2 7 ,9 6 2 5 0 E m e r y , A n d e r s o n & C o . ,0 1 .2 7 ,7 0 3 3 3 Jerome School District (P. O. Jerome), Hillsdale County, A , K l e y b o l t e <Sc C o . , C i n e - 2 7 , 9 0 4 5 0 W . J . H a y e s & S o n s . C l e v 2 7 , 7 0 2 OO Mich — P u r c h a s e r o f B o n d s . —The purchaser of the $5,500 N e w 1 s t N a t . R k . , C o l u m . 2 7 , 8 9 4 0 0 W . R . T o d d & C o . . C i n e - - 2 7 , 6 2 5 0 0 Maturity $3,000 yearly on March 1 from 1909 to 1917 in 5% schoolhouse bonds recently disposed of (V. 86, p. 301) was the Bumpus-Stevens Co. of Detroit. The price paid was clusive. Lincolnton, Lincoln County, N. C.— B o n d O f f e r i n g . — Pro 100.20. Bonds are in denomination of $500 each. Interest semi-annually in April and October. Maturity $500 yearly posals will be received until March 1 (this date falls on Sun day but is so given in the official advertisement) by D. H. beginning April 1 1909. Johnstown School District (P. O. Johnstown), Cambria Shields, Chairman Finance Committee, for $35,000 5% im County, Pa.— B o n d S a l e . —The $100,000 4j^% 5-30-year provement bonds. Authority Act of the General Assembly (optional) coupon school-building and completion bonds of 1907. Denomination $1,000. Interest semi-annual. described in V. 86, p. 361, were awarded on Feb. 1 1 to Walter Maturity thirty years. Official circular states that the town 436 t h e c h r o n ic l e d®faulted in tbe- Payment of principal or interest. tinn d« T idoe? e ’oTnclli?lnf th,IS lssue’ S65>°°0• Assessed valua tion $1,125,6 27. Real value (estimated) $2,000,000. Los Angeles, Los Angeles County, Cal.— P rice P a id for Bonds — We are informed by the City Clerk that the price paid for the $ol0,000 4% Owens River water-supply bonds disposed of on Dec. 23 1907 to the State of California (V. 80 p - 12 4 L 'Yas Par and accrued interest. These securities are part of the issue of $23,000,000 voted on June 12 1907 Denommation 000 Date Dec. 3 1, 1907. Interest June 1 ana Dec. 1. Maturity part yearly for forty years. Lynden, Whatcom County, Wash.—Bonds Not Sold — No award was made on Jan. 31 of the $9,000 5% 7-20-vear (optional) general improvement bonds described in V. 85, Lynn, Essex County, M ass.— Tem porary L o a n .—This citv has borrowed $125,000 from Blake Bros.' & Co. of Boston. on nnn Wn negotiated at 4.42% discount and matures $100,000 on Oct. 27 1908 and $25,000 on Aug. 10 1908. . [V o l . LXXXVI Napanee, O nt.— Debentures Voted.'— A by-law providing addiHnn 1SHUvfnC+e 0f 810’'l00 5% 2°-ycay electric-light-plantad I tion debentures was favorably voted upon at an election t W S k i v k f voten,was 23» to 199. We are informed > 1 .C ty ’ befor« offering the debentures for sale, will have the by-law confirmed by special legislation. S o n W\ Hr 3 Issue- ~Under date of Jan. 31 froion A. Carter, State Ireasurer, writes us tint in Imiip $150,000 3 1 ^ % “ State Hospital Bonds,” subscriptions for which were asked until 12 m., Feb. 10, at par and accrued interest from Jan . 1 1908 has already bein largely overM a rcT lI ifio t Co'!?7 ’ “ S Ac,fc o f.fIh!5 ^gislature approved tions of3 8i9nnn C b / boi! ds T 1! bo issued in denominamuUirdL $nf0°*°i’ n nnllG nref St?r(?d bonds wil1 bo issued in multiples of $1,000. Date Ju ly 1 1907. Interest somitJritv July* 1 t1927tatB TrH casurer,’s office in Concord. MaIfvered F e k 15 1908. taM Xem pt antl >» de New York City .— Bond S a les. —The following bonds were sold to the sinking fund during the month of January: Countv^W?? SC!T 0l/DS, w ,(P issue ° Manitowoc), bounty, Wis.— B ond a leriCt . —An of $20,000 Manitowoc 4% school bonds has been sold, we are informed, to local investors at l, l l r P o s c s ( c o r p . „ t K ? 3 i :m m , par and accrued interest. a u b ..................................................... 3 /o n o r a fte r ! 4 1 8 ,0 0 0 Marion County (P. O. Palmyra), Mo.—Rond Election — T ota l 1J a n . l 1 9 0 9 / ---------------------— T ‘ f ' 7 '. ............................................................................................................... $ 9 7 8 ,0 0 0 Dn le b . 21 an election will be held, it is stated, to vote on the question of issuing $75,000 bonds “ for the erection of an ItnrnnmliMr1? to.,L10. above, the following revenue bonds (temporary securities) were also issued: infirmary to take the place of the county poorhouse.” A m ou n t. Merna School District (P. O. Merna), Custer County Neb RR ee vv ee nn uu ee bb oo nn dd ss ,, cc uu rr rr ee nn tt ee xx Dp ee nn ss ee ss ............................................... In t e r e s t . o $ 5 5 0 ,0 0 0 I urchaserof B o n d s .— Weare advised that the $10 000 5 <7 R e v e n u e b o n d s . S D e c la l ......................................... - 6. « 3 5 , 0 0 0 ,0 0 0 P ........................................................... 1 7 3 ,0 0 0 schooi-budding bonds, the sale of which was reported in R e v e n u e b o n d s , ’ s n e c l a l 5. . 3 2 0 ,5 0 0 V.86,p.301, were purchased by W .E.Barkley Jr ., of Lincoln IRt ee vv ee nn uu ee bb oo nn dd ss ,. sSnDeeccllan il ................................................................... ..................... -? B 3 0 0 ,0 0 0 ....................................................................... 3 * 2 5 ,0 0 0 at par and accrued interest. Denominations $1 0 0 0 -mri « « ?■ Dot? Aug. 1 1907.. Interest annual. S aiG iityA u e * P u rch a sed e sin a a P ri vevviio u ss ily In V . 8 6 , p 9 99 .° 1 ib y th t, : kin g fu n d , uu y ircepp oorted n e u in p . 82 29 1 19 17 , subject to call after Aug. 1 19 12. $5(TOCkT oOO 4 \/o7 d ? a\e-— facts concerning the sale of RM iam i County (P. O. Troy), Ohio.— B ond O ffe rin g — P m stock and bonds see item on a preceding posals will be received until 10 a. m., Feb. 20, bv E E page U,UU° Pearson, County Auditor, for the following ditch-imnrovo New York State.— Bond O ffering. —Proposals will be re ment bonds: 1 $ 7 0 0 5 % c o u p o n B r e c o u n t D it c h b o n d s . D e n o m in a t io n s : t w o b o n d s o f ceived until 2 p . m. March 1 1 by the State Comptroller at his . ^ d ^ T o to T ^ n ^ lT ^ 01 5 3 0 ° ’ M a tU r lty 5 4 0 0 4 “ l9 0 °8 officein Albany for $5,000,000 4% registered or coupon high 2 ,7 0 0 5 % c o u p o n R o b i n s o n D it c h b o n d s . D e n o m in a t io n $300 M a tu r ltv way-improvement bonds. Date,March 1 1908. Maturity March . ? o n r or 5 4 0 0 e a c h S ix m o n t h s f r o m J u l y 1 1 9 0 8 t o J u l y 1 1 9 1 2 I n c l u s i v e 1 .2 0 0 o % c o u p o n S t a u p D i t c h b o n d s . D e n o m in a t io n s : th r e e b o n d s \ r 1 19o8. Bonds are exempt from taxation. Certified check, m o*. bank draft or cash for 2% of the bonds bid for is required. Accrued interest to be paid by purchaser. 900 5 % c o u p o n H oy D it c h bon ds. D e n o m in a t io n $100 M a tu r ltv . „„„ 5 1 0 0 e a c h R lx m o n t h s f r o m J u l y 1 1 9 0 8 t o J u l y 1 l o i ? in n , ?it u r t y 1 .2 0 0 5 % c o u p o n B a lte r D it c h b o n d s . D e n o m in a tio n s - th ?e e t t ® f $200 e a ch a n d s ix b o n d s o f $100 e a ch . M a tu r ity $200 ™ In e a c h o f t h e y e a r s 1 9 0 8 , 1 9 0 9 a n d 1 9 1 0 , $ 1 0 0 o n J a n T m UJ y l ^ f t r ^ u V l 0 l V i n2 d ,n^Vu°s.‘; ne d 5 1 ° ° CaC' 1 " * “ o n t f f f e l n ^ cou pon A m m on J o in t D itc h bonds D e n n m i„ .,n “ in c lu s iv e . ?2U ° S f? I he off icial notice of this bond offering w ill be found among the advertisements elsewhere in this Department. Recommendation M ade by State Comptroller Regarding Canal S 'T iIn 11S? r " al reP°rt to the Legislature, State Comptrol® r Martin I I . Glynn emphasizes the necessity of either exempting barge canal bonds from all taxation or increasing 3 .1 0 0 5 % c o u p o n L o d g e D itc h b o n d s . D e n o m i n a t i o n s - c le -h t h ™ , i . t the late of interest on these securities. Each time the bonds $20 0 e a ch a n d fiv e b o n d s o f $30 0 e a c h . M a t u r i t y 8 a n n L n I s f)f uue been offered at public auction it has been found necesm o n t h s f r o m J u l y l 1 9 0 8 t o J a n . 1 1 9 1 0 I n c l u s i v e a n d ° * ? n o h, S l? , „ r ~ s lx m o n t h s fr o m J u ly 1 1 91 0 t o J u ly 1 191 2 In c lu s iv e M ° ° ea ch saiy, owing to the lack of bidders, to purchase almost all of 1 ,3 0 0 5 % c o u p o n W e ls h D it c h b o n d s . D e n o m in a tio n s ” fo u r b i n d s o f s p n o the amount offered with the various sinking funds of the e a c h a n d liv e b o n d s o f $ 1 0 0 e a c h . .M a t u r it y $ 2 0 0 e ie h s i l ™ ? 2 ,,° f r o m J u l y 1 1 9 0 8 t o J a n . 1 1 9 1 0 I n c l u s i v e a n d $ 1 0 0 e a c I s x m e n Is btate. it will be recalled that last year the Legislature 1 n o n r oy f r o m J u \Yr 1 1 0 1 0 t o J u l y 1 1 9 1 2 I n c l u s i v e . e a ch s ix m o n th s passed an amendment to the tax law whereby savings banks 1.000 o % co u p o n W o la v e r D itch b o n d s . D e n o m in a tio n s : o n e b o n d o f w n n ti ust companies and insurance companies owning these b o n d s o f 5100 c a c h M a t u r it y $20 0 J u ly l i o n s 2 7 n n k <v * 1 0 0 e a c h s i x m o n t h s f r o m J a n . 1 1 9 0 9 t o J u l y l 1 9 1 2 I n c l u s i v e securities are credited with 1% per annum of their holdings. 700 5 % cou p on C o r n e ll D it c h b o n d s . D e n o m in a t io n s : tw o b o n d s o f 7 '1 . ’ P‘ 1 2 1G- This action, however, has had little ?ooo *l o L a m l t l l r e e b o n t l s o t $ 1 0 0 e a c h . M a tu r ity $200 j u L / i s * W ? i . v M , * 104 “ c“ ” » “» S ® i cilect, lie says, on the sale of the bonds, and the Comptroller ventures the opinion that unless the interest rate and other 2•” ° 5 % ? f e T '‘SlaJSrt’ vIlo'o cS!"s,°' features are made more attractive to investors, it will take at feast twenty-five years to complete the enlarged canal. a w s . r w s s i . 7 s s 5 > ? j o n ' 1 ,,j' 2 1 .0 0 0 5 c o u p o n T h o m p s o n D it c h b o n d s . D e n o m in a t io n s : fiv e b o n d s o f Northampton, Hampshire County, Mass.— Tem porary 3 -0 0 e a c h a n d liv e b o n d s o f $ 1 0 0 e a c h . M a t u r it y $ 2 0 0 e a c h s ix m o n t h s fr o m J u ly 1 1 9 0 8 t o J u ly 1 1 91 0 I n c lu s iv e a n d L n n J? 7 °Aa n ~ ; lloports statc that a loan of $75,000, maturing Oct. m o n t h s fr o m J a n . 1 1911 t o J a n . 1 1 9 1 3 I n c lu s iv e * 0 0 C a ch i ,’-)waSi-recendy negotiated with a Northampton bank at ,2 0 0 5 % c o u p o n E s ty D it c h bon ds. D e n o m in a t io n $2 0 0 . M a tu rltv 4.47% discount. vnn r v $ “ ° ° e a ch s ix m o n t h s fr o m J u ly 1 1908 t o J a n . 1 l o l l In c lu s iv e y 700 5 % cou p on M c K a lg R e p a ir D it c h bon ds. D e n o m in a tio n $160 North Attleboro, Mass.— Tem porary L o an . —According to In c lu s iv e S1° ° a c h S‘ X m o n t h s f l 'o m J a n . 1 1 9 0 9 t o J u l y 1 l o 12 ? P ? rts> a loan of $10,000 was recently negotiated with the 1 .1 0 0 5 % c o u p o n S a y l o r D i t c h b o n d s . D e n o m i n a t i o n s : f o u r b o n d s o f X2 nn Attleboro Savings Bank of North Attleboro at 6% . Loan ea ch an d on e b on d o f $300. M a tu r ity $400 J u ly 1 1908 lin n ^ J a n . 1 1909 a n d $ 30 0 J u ly 1 1 9 0 9 . y U” ’ 5 4 0 0 matures in sixty days. As reported by us in V. 85, p. 1660, 0 0 0 o /0 c o i i p o n N o la n D itc h bon ds. D e n o m in a tio n $100. M a tu r ity tins town found it necessary to borrow money in order to rn n 5 1 0 0 e a c h s ix m o n t h s fr o m J u ly 1 1 90 8 t o J a n . 1 l o l l in c lu s iv e pay the town employees and meet notes when due, owing to oOO . » / o c o u p o n R eneh D it c h b o n d s . D e n o m in a t io n $ 100. M a tu r ity -> p e n * o r 5 1 0 0 e a c h s i x m o n t h s f r o m J a n . 1 1 9 0 9 t o J a n . 1 1 9 1 1 I n c l u s i v e the closing of the Jewelers’ National Bank of North Attle - ,2 0 0 5 /o c o u p o n L a n e D it c h b o n d s . D e n o m in a t io n s : e ig h t b o n d s o f 8200 boro, in which it had $30,000 on deposit. ea ch a n d tw o b on d s o f $300 ea ch . M a tu r ity $400 e a ch s ix m o n t h ! M O ^ J a m 1 fo T l.* 0 J a n - 1 1910 ln c lu s lv c - $300 J u l y 1 Northfield, Washington County, V t. — Bonds Awarded in 200 5 % c o u p o n F u rn a s D it c h b o n d s . D e n o m in a t io n $ 1 0 0 . Ma t a r t . On Jan. 27 information was received from Charles v o n «. <y 5 1 0 0 J a » - 1. 1° 0 9 a n d $ 1 0 0 J u l y 1 1 9 0 9 . la AgenL for the Village, reporting that of 0 /0 ‘r ? uJ, o u R . F . W i l s o n D i t c h b o n d s . D e n o m in a t io n s : th re e b o n d s ° fJ 22 ° e a ch a n d o n e b o n d o f $ 1 0 0 . M a tu r ity $200 e a ch s ir iw s % coupon water bonds mentioned in V. 84, p. 1- 6 o, $3,000 have been awarded to local investors at par ™ an 1 1 9 f i T y 1 1 9 0 8 t 0 J u l y 1 1 9 0 9 'u c l u s l v e a n d $ i o o 2 0 0 5 % c o u p o n B e n n ln g D it c h b o n d s . D e n o m in a tio n $ 1 0 0 . M a tu r ity f 1 VoovCrUTCV nterest- Denomination $1,000. Date March T h . o u 1 ° o n , J a n -, I m e a c h o f t h e y e a r s 1 9 0 9 a n d 1 9 1 0 . M a tu r ity 1 1 J 0/. interest semi-annual. Bonds are exempt from 1 , i 4 ioir i are issue<J pursuant to Sections 4479 taxation. 4481,and 4482, Revised Statutes, and are dated Jan. l 1908’ North Sterling Irrigation District (P. O. Sterling), Logan Interest semi-annually at the County Treasury. Securities are exempt from taxation. All bids must be unconditional County, Col.- Bonds Not Yet S o l d . - Up to Feb. 1 this dfs andi accompanied by a certified check (or cash) for $300 tnct was still trying to dispose of the $1,350,000 6% bonds made payable to the County Auditor. Purchaser to pav which failed to sell on Aug. 26 1907. See V. 85, p. 1 1 6 4 Norwalk, Huron County, Ohio.— Bonds Not S o l d _-No accrued interest. Bonds to be delivered within five davs from date of sale. iys action was taken on the bids received on Jan. 27 for the Rowan County, K y . — Bond S a le .—An issue of four issues of 4 1 4 % and 5% sewer and improvement bonds $o,000 4 /^ /o bonds has been disposed of. These securities aggregating $38,550, described in V. 86, p. 184. In o x X n will be delivered to the Sam W. Hill Jr . Electric Co. of Cin ation the ex-officio Clerk of the Sinking Fund Trustees refers cmnati which company has agreed to install machinery for th at°“ th ?A H Wnttennby hil,n on Jan i 21 in which he states an electric-light plant. The bonds were issued at parTin that the Attorney-General of the State has rendered fin payment for this work. _ ‘ a n v b o n f thWhea the, SinkinS Fund Trustees desire tojsell any bonds they may have, they must advertise thenffcthe 1 .0 0 0 5 % s lx n ‘ ° n t h s fr o m J u ly 1 1908 to i l u y i 437 THE CHRONICLE. Feb . 15 1908.1 5% of bonds bid for, payable to the Village Treasurer, is required. Purchaser to pay accrued interest. Bonds will be delivered within ten days from the time of award. Osceola County Drainage District No. 6, Iow a.— Bond O ffering. — Proposals will be received until 12 m. Feb. 17 by V. A. Burley, County Auditor (P. O. Sibley), for $6,353 bonds at not exceeding 6% interest. Denomination $635 30. Maturity $635 30 yearly on April 1 from 1909 to 1918 in clusive. Osceola School District (P. O. Osceola), Mississippi County, A rk.— Bonds Not Yet So ld . — Up to Jan . 31 this district was still looking for a purchaser for the $25,000 6% 20-year school-building bonds mentioned in V. 85, p. 1660. Oshawa, Ont.— Debenture S a le. — We are advised that $5,600 (not $10,600 as reported in V. 86, p. 362) 5% sewer bonds were recently awarded to Geo. A. Stimson & Co. of Toronto at 99. Date Dec. 16 1907. Interest annual. Ma turity part yearly for thirty years. Ottawa, Ont.— Debentures Defeated.—The voters of this city at an election held Jan . 6 defeated a proposition to issue $39,000 paving debentures. The vote was 2,325 “ for” to 2,959 “ against.” Paris, Bourbon County, K y .— Bond S a le . — On Jan . 15 the $45,000 5% school-building bonds mentioned in V. 85, p. 1601, were awarded as follows: $27,000 to Weil, Roth & Co. of Cincinnati and $18,000 to the Deposit Bank of Paris, K y . The bonds were purchased at par. Denomination $500. Date Dec. 2 1907. Interest semi-annually on May 1 and Nov. 1. Maturity $2,500 yearly. Park City (P. 0 . Knoxville), Tenn.— N o Action Y et Taken. — Under date of Jan . 31 the Mayor advises us that no action has yet been taken in regard to calling the election to vote on the question of issuing the improvement bonds men tioned in V. 85, p. 962. $ 2 8 ,5 0 0 0 0 5 % s e w e r a g e -s y s t e m a n d d is p o s a l-p la n t c o n s t r u c t i o n ( v i lla g e ’ s Pasadena, Los Angeles County, Cal.— Bond Election. —In p o r t io n ) bon ds. D e n o m in a tio n $ 1 )5 0 . M a tu r ity $ 1 ,0 0 0 y e a r ly o n M a r c h 1 fr o m 1 0 0 0 t o 1 0 2 3 I n c lu s iv e . pursuance of an ordinance approved Jan . 21 by the Mayor, 2 0 ,6 6 0 71 5 % s e w e r a g e -s y s t e m a n d d ls p o s a l-p la n t -c o n s t r u c t lo n a s s e s s m e n t an election will be held Feb. 20 to allow the voters to deter bon ds. D e n o m in a tio n $ 1 ,1 8 0 6 7 . M a tu r ity $ 5 ,0 3 3 35 mine whether or not the $50,000 bonds for the distribution, y e a r ly o n M a rc h 1 fr o m 1 0 0 0 to 1 0 1 3 I n c lu s iv e . Authority, vote of 362 to 98 cast at election held recently. in the form of electric light, of the electric energy produced Date March l 1908. Interest annual. Certified check for by the electric-generating plant owned by the city, and the same as other city bonds. The Sinking Fund Trustees will sell these bonds at private sale, and in order to do so and comply with the Attorney-General’s opinion, the bonds are being advertised now, so that when the sinking fund needs the money, the sale can be made without any further delay.” Oak Grove School District, Sacramento County, Cal.— Bond S a le . —We are advised that this district on Feb. 7 dis posed of an issue of $32,000 bonds recently voted. Oceana County (P. 0 . Hart), Mich.— Bond E lection .— The electors of this county will vote April 6 on the question of issuing $55,000 5% bonds for a court-house. Interest annual. Okmulgee, Okla — B o n d O ffering. —Proposals will be re ceived until 12 m. Feb. 17 by George E . Straycr, City Re corder, for $00,000 water-works and $7,000 sewer-system 5% construction bonds. Authority election held Sept. 24 1907; also an Act of Congress of May 19 1902. Date Oct. 24 1907. Interest semi-annually at any bank or banking company in the United States that may be designated by purchaser. Maturity Oct. 24 1927. Certified check for 5% of each issue, payable to J . C. Keaton, City Treasurer, is required. Okotoks, Alberta.— Debentures Not Y et S o ld . —We are ad vised that no sale has yet been made of the $4,700 6% deben tures offered without success on Dec. 2 1907. See V. 85, p. 1660. Orange, Orange County, Tex.— Bond E lectio n . —The Coun cil has called an election Feb. 18 to allow the people to vote on the question of issuing $15,000 4% 40-year street and drainage improvement bonds. Orrville, Wayne. County, Ohio.— Bond O fferin g . — Propos als will be received until 12 m. March 9 by A. L. lleed, Vil lage Clerk, for the following bonds: N EW N EW LO A N 6. § 3 5 ,0 0 0 STATE R I v e r v a le T o w n s h ip , BERGEN COUNTY..N. J., 5% Road Improvement 8onds S c a le d b id s w ill b e r e c e iv e d b y t h e u n d e r s ig n e d u n t il F o u r o ’ c l o c k In t h e a f t e r n o o n o f F e b r u a r y T w e n ty -s e v e n th , N in e te e n H u n d r e d a n d E ig h t, fo r T w c n t y - f l v c T h o u s a n d ($ 2 5 ,0 0 0 ) D o lla r s F iv e (5 % ) p er cen t co u p o n R o a d Im p ro v e m e n t B on d s o f R I v e r v a le T o w n s h ip , B e r g e n C o u n t y , N e w J e r s e y , a t th e o ff ic e o f K o e s t e r & C a m p b e ll, N u m b e r 7 8 M a in S t r e e t , In t h e V i l l a g e o f H a c k e n s a c k , B e r g e n C o u n t y , N e w J e r s e y , s a id B o n d s m a t u r in g O n e T h o u s a n d ( $ 1 ,0 0 0 ) D o lla r s a n n u a lly , fr o m a n d a ft e r S ix y e a r s fr o m d a t e o f B o n d . T h e p u r c h a s e r m u s t p a y th e p r in c ip a l, p r e m iu m a n d a c c r u e d I n t e r e s t o n s a id B o n d s , t h e d a t e o f w h ic h Is t h e F i r s t d a y o f F e b r u a r y , N i n e t e e n H u n d r e d a n d E ig h t. . A c e r t ll lc d c h e c k f o r O n e T h o u s a n d ($ 1 ,0 0 0 ) D o lla r s o n a N a t io n a l B a n k , p a y a b le t o th e o r d e r o f th e T o w n s h ip o f R I v e r v a le , B e r g e n C o u n t y , N e w .J e r s e y , m u s t a c c o m p a n y e a c h b i d . T h e r i g h t Is r e s e r v e d t o r e j e c t a n y o r a l l b i d s . F o r fu r th e r p a r tic u la r s se e o r a d d r e s s K o e s t c r & C a m p b e ll, A t t o r n e y s , H a c k e n s a c k , N e w J e r s e y . G E O R G E II. S E A M A N , JOSEPH KOCI EM BO, G U ST A V W O IT K E , T o w n s h ip C o m m itt e e . Perry, Coffin & Burr, O F NEW YORK 4 ^ H igh w ay Im p ro v e m e n t G old B o n d s EXEM PT FROM T A X A T IO N Dated March I, 1908 Due March I, 1958 AMOUNTING TO $ 5 ,0 0 0 ,0 0 0 Issued in Coupon or Registered Form W ill Be Sold W e d n esd ay, M arch Nth, ( 9 0 8 At 2 O 'clock P. M., at the S ta te , C o m p t r o l l e r ' s O ffic e , A l b a n y , N. Y . These Bonds Are INVESTMENT BONDS, 60 LO A N S. Legal In vestm en ts for T r u s t F u n d s S ta te S tre e t, BO STO N . M UNICIPAL AND R AILRO AD B O N D S. LIST ON APPLICATION. SEAS0 NG0 0 D & MAYEB, m e r c a n tile L ib r a r y R n ild ln g , C IN C IN N A T I. No bids will be accepted for less than the par value of the bonds nor unless accompanied by a deposit of money or by a certified check or bank draft upon a solvent bank or trust company of the cities of Albany or New York, payable to the order of the Comptroller of the State of New York, for at least two per cent of the par value of the bonds bid for. All proposals, together with the security deposits, must be sealed and endorsed “ Loan for Highway Improvement,” and enclosed in a sealed envelope directed to the “ Comptroller of the State of New York, Albany.” All bids will include accrued interest. b l a c k s t a f f & CO. IN V E S T M E N T S 1832 Walnut Street PH ILAD ELPH IA LIST OF SPECIALTIES ON REQUEST FOR FURTHER PARTICU LARS ADDRESS M A R T IN B. G -L Y N N , S ta te Dated Albany, February 14, 1908. C o m p tro lle r, A lb a n y , N . Y . THE CHRONICLE. $50,000 bonds for the construction of an auxiliary outfall sewer, mentioned in V. 85, p. 1165, shall be issued. In or der? to authorize these bonds, two-thirds of the votes cast must be in their favor. They will bear 4 ^ % interest, payableTsemi-annually at the City Treasury. *One hundred and sixty bonds will be in denomination of $500 each and eighty bonds will be in denomination of $250 each. Maturity $2,500 yeaily. In case both the propositions carry, the city has the privilege of merging them into one, thereby forming one issue to the amount of $100,000. This issue would be inV denomination of $500 each and would mature $2,500 yearly. ’ Peterboro’ , Ont. P rice P a id for Debentures .—The price paid by Wood, Gundy & Co. of Toronto for the two issues of debentures, aggregating $61,000, recently awarded them by this city (V. 80, p. 243),was $60,620 48, or 99.377. These debentures were issued for the purpose of erecting and equipping a collegiate institute and answer the following description: ° $ 4 0 ,0 0 0 5 % d eb en tu res. In terest a n n u a lly on D ec. 2 ! , OOO 4 ^ ^ ^ ^ ^ ^ u ^ f g t u H ^ y ° D e ( T . ' a 3 r ^ o V ? ’ 0 0 0 31. M a tu r ity In tC reS t J u n e pa rt 30 Both issues are dated Jan. 20 1908. " Pincher Creek, Alberta.— Debentures Not S o ld .— \Jn to Ja n ; 30 this town had not yet placed the $5,900 1-5-year (serial) registered local-improvement debentures proposals forlwhich were asked until Jan. 15. See V. 85, p . 125 for a j description of these debentures. Plainfield, Union County, N. J.— Bond S a le .—The $68,000 * 4 ^ % 1 -34-vear (serial) coupon sewer bonds which were awarded on Oct. 7 1907 to A. B. Leach & Co. of New York City, but which were subsequently refused by that firm (V.’ 85, p. 1355), have been taken by John D. Everitt & Co of New York City. F Porterville, Cal.— B id s .— Following are the bids received onJFeb. 3 for the $50,000 5% 1-40-year (serial) gold coupon water-works-construction bonds awarded on that day (V. 86, p. 363) to the Pioneer Bank of Porterville: P i o n e e r B a n k , P o r t e r v i l l e ____$ 5 0 , 3 5 0 |F i r s t N a t . B a n k . P o r t e r v i l l e N . W . H a ls e y & C o ., S a n F r . 5 0 ,3 0 5 | N EW LO A N S. „ nr 11 [VOL. LXXXVI. Reedley School District, Fresno County, Cal .— Bond S a le — On Feb. 4 the County Treasurer awarded $24,000 6% 2-13-year (serial) school-building bonds of this district to the Los Angeles Trust Co. of Los Angeles at 104.508. Fol lowing are the bids: L o s A n g e le s T r . C o ., L o s A n g $ 2 5 ,0 8 2 N W H a ls e y & C o ., S a n F r . 2 5 ,0 1 0 F ir s t N a t . B k . , S e lm a , C a l_ _ 2 5 ,0 0 0 \V . b . J o h n s t o n , _ L o s A n g e l e s 2 4 , 7 7 0 IV V m . R . S t a a t s C o P n sn d r> ?7 IP e o p le ’ s S a v B a n k ’ F ix s n o l l 24 5 96 |E . H . R o llin s & S o n s S a n F r 24 2 75 |F i r s t N a t . B a n k , C l e v e l a n d . . 2 4 , 1 2 5 Denomination $2,000. Date Jan. 8 1908. Interest annual. Rochester, N. Y . — Tem porary L o a n .— On Feb. 7 the $502, 000 4-months notes described in V. 86, p. 363, were awarded as follows: Rochester Savings Bank, $100,000 at 4.80% interest and $100,000 at 4.85% interest: East Side Savings Bank, $50,000 at 5% interest; Bond & Goodwin, New York $242,000 at 5 .125 % interest, and Broadway Savings Insti tution, New York, $10,000 at 6% interest. Rochester, Beaver County, Pa.—Rids Rejected .— Only two bids were received on Feb. 3 for the $50,000 4 U % bonds described in V . 86, p. 243. Both of these offers were re jected. One was submitted by the First National Bank of Cleveland while the other was from Emery, Anderson & Co. of Cleveland. Roswell, Chaves County, N. M.— B ond E lection .—This city recently passed an ordinance providing for an election Feb. 20 to vote on the question of issuing bonds for the following purposes: $120,000 for water-works, $35,000 for sewers, $10,000 for street improvements and $5,000 for the fire de partment. This ordinance takes the place of the one pro viding for an election which was to have been held Jan. 15 and which was subsequently repealed. Rutherford County (P. O. Rutherfordton), N. C.— Bond Sa les. This county recently awarded $27,000 5% refunding bonds to MacDonald, McCoy & Co. of Chicago at par. We are advised that the same firm has also purchased $50,000 5>g% court-house bonds. - St. John, N. B.— Description of Debentures .—A letter re ceived from the City Clerk states that the $325,000 5% 10-year improvement debentures awarded on Jan . 23 to J . M. Robinson & Sons at 100.25 (V. 86, p. 302) are in de nominations of $100, $500 and $1,000 each and are dated April 1 1908. Interest semi-annual. ______I N V E S T M E N T S . IN V E ST M E N T S. $ 8 0 0 ,0 0 0 C u b an City of Wilmington, North Carolina HUNT, SALTONSTALL & CO., WATER and SEWERAGE BONDS F O R S e a le d of p r o p o s a ls W ilm in g to n , B anda w ill be lttk . th e C ., r e c e iv e d T r e a s u r e r o f s a id C ity e n t S e c u r i t i e s FBANCKE, S A L E fo r N . I n v e s t m A of W a ter th e u n til $ 2 0 0 ,0 0 0 and o ffic e 12 6 0 C ity S T A T E Sew erage of o ’ c lo c k th e m . S T R E E T T e le p h o n e B r ln to l Bonds A years b e a r in te r e st p a y a b le a fte r d a to d e p o s it o f 2 % The at th e r a te s e m i-a n n u a lly , of th e ir of and C it y r e se r v e s th e r ig h t to 0444 H anover or 5 th O F F IC E A v e . a n d 4SC d B t. T e le p h o n e 1 1 5 8 B r y a n t N E W b id . r e je c t a n y B u ild in g , 414% m a tu re Issu e . r e q u ire d w ith e a c h B x o lia n g e M arch B R A N CH par annum, fo r ty S to c k 43 Exchange Place B O S T O N C ity 1908. S a id THOMPSON S ROBB M em bers N . Y . s a le at S ecu rities S P E C I A L T Y Y O R K C I T Y 4&% T A X EXEMPT all M a e D o n a l d , M c C o y & C o ., M d s. JN O . J. BONDS F O W L E R , C ity C le r k and T reasu rer. M U N IC IP A L AND C O R P O R A T IO N B O N D S. R . L . 87 W all N E W D A Y & C O ., 35 Congress St. Y O R K St., M unicipal a n d R a i'ro a d S to c k E x ch a n g es Albert Kleybolte & Co>, W a ln u t S tr e e t, C r a « C N N A T I , O . M unicipal, C ounty, S ta te , H S & h -G ra d e P u b l i c S e c u r itie s S T ., N E W Y O R K S w r r le e Knickerbocker Audit Co. 8 B IS W 9L D D9VRNE, PresWent Telephone Conneetiona Chicago. R. Compton M ortgage Co. ■BACON . H IS S O U I. ( E s t a b l i s h e d In 1 8 8 9 ) MISSOURI M UNICIPAL BONDS— School, City, County and Drainage. Our list gives a wide selection of 60 State Stroet, Boston many attractive issues in sizes of K A 8H A 1) N E W Y O R K , $2,000 to $100,000. Opinion Chicago counsel, full legal STATE, CITY * RAILROAD BONDS papers furnished. We buy direct and handle nothing on brokerage. IN V E ST M E N T B O N D S CloBe buying, large volume and small I iis ts u p o n r e q u e s t . profit make our offerings attractive. Send for latost circular. Denison & Farnsworth New York, Chicago, St. Louis and Kansas City references. B O S T O N WILLIAM R. COMPTON, President. C L E V E L A N D a n d P H I L A D E L P H I A 4 Wardell Building. A N K E R K ih u M U b e d 4 5 W H lf l u m D t r e e t . W illiam Bond & Blodget, Merritt & Co , C o r r e s p o n d e n c e S o lic ite d OHA 8 W A L L B Members New York and B o sto n *n t 2 0 0 ., I S O S li O N HIGHGRADE INVESTMENT BONDS 4 0 9 T. W. STEPHENS <fc sfli La Salle Street, ri. 1NN NL bpecr & bons < H i * Nut. I C IT Y S , m H BaAMIac, Cfafet C O U N T Y AND TOWNSHIP n r v y p T H E S O U T H . Property and Investment* of every K in d la a ll S ou th ern S ta te s . METROPOLITAN INVESTMENT «H O . B 0 0 B D W A R D * . P m M a n t . O h aa teM a *. • . O . New York O ffice’ Beaver B id s 88-01 Beaver St THE CHRONICLE. Feb . 15 1006.) 43« Tucson, Ariz.— Bond S a le . —Thife city has disposed of 8300,000 4j/2 % fire-department and water bonds. These securities were issued at par anti turned over to the American Light & Power Co. of Kansas City, Mo., in payment for the construction of the proposed extension to the city’s water works. Union County (P. O. Marysville), Ohio.— Bond S a le. — On Feb. 8 the $30,000 5% coupon ditch-construction bonds ma turing part each six months for ten years, were awarded,to Hayden, Miller & Co. of Cleveland, while the $40,000 4)/£% coupon bridge bonds, maturing part each six months for twenty years, were awarded to the First National Bank of Cleveland. Twelve bids in all were received. See V. 86, p. 364, for a description of these securities. Victoria, Victoria County, Texas.— Description of B o n d s .— We are advised that the $15,000 5% 1-40-year (optional) water-works bonds voted at the election Ju ly 15 1907 and registered by the State Comptroller on Dec. 1 1 1907 (V. 85, p. 1603) will be issued in denomination of $500 each and will be dated Oct. 1 1907. Webster Groves School District (P. O. St. Louis), Mo.— C o m ' l N a t 'l B a n k . S a n d u s k y . _ S 2 ,0 0 5 C it iz e n s ' lik e . C o ..S a n d u s k y ,5 2 ,0 0 0 Both bidders offered accrued interest in addition to their Bond S a le . —-An issue of 860,000 4% 10-20-year (optional) school bonds was recently awarded to N. W. Halsey & Co. of bids. Chicago at 98.53—a basis of about 4.182% to the optional Santa Clara, Santa Clara County, Cal.— B on d Sa le Not date and about 4.109% to full maturity. Other bidders were Consumm ated.— We are informed that the $21,000 as follows: 1-40-year (serial) water and light power works repair bonds H a r r i s T r . & S a v . I l k . , C h i c a g o .2 5 |E . H . R o l l i n s & S o n s , C h l c a g o . 9 7 . 0 0 A u d it & B o n d C o . o f A m e r ic a , awarded on Dec. 17 1907 to the State of California at par W . K . C o m p t o n I i o n d & M o r t S t . L o u i s ----------------------------------------- 9 6 . 7 5 m u t e C o . , M a c o n ________________ 9 7 .8 4 | and 8595 87 accrued interest (V. 86, p. 244) are part of the Wharton County Common School District No. 15 , Tex.— three issues of bonds, aggregating $60,000, awarded on May 23 1907 to E . I I . Rollins & Sons of San Francisco Bond S a le . —This district has awarded the $1,000 5% 15-20-ycar (optional) schoolhouse bonds registered by the (V. 84, p. 1324), which sale was never consummated. Comptroller on Dec. 1 1 1907 (V. 85, p. 1663) to the Superior, Douglas County, W is .— Bond S a le . —This city, State County School Fund at par. we are informed, has disposed of an issue of 830,000 4% Wharton White County (P. O. Monticello), Ind. —Bond O ffering. — school bonds. Proposals will bo received until 12 m. Feb. 24 by M. B. Switzerland County (P. O. Vevay), Ind.— Purchaser of | Spencer for $4,800 4).^% coupon road bonds. Denomination B on ds. —-We are informed that the purchaser of the $50,000 , $120. Date Jan. 15 1908. Interest semi-annually in 4 Y2,% bridge bonds disposed of at 100.9625 on Jan . 1 1 , was Monticello. Maturity part each six months beginning May Carrol S. Tandy of Vevay. Denomination $1,000. Date 1909. Certified cheek for $500, payable to M. B. Spencer, is Nov. 15 1007. Interest annual. Maturity $5,000 yearly on required. Total debt, including this issue, 816,800. As Nov. 15 from 1909 to 1918 inclusive. sessed valuation, $1,102,080. St. Louis, Mo.— Bonds Awarded in P a rt. —-Reports state that of the SI ,000,000 municipal-bridge and the SI ,000,000 insane-asylum-improvement 3.65% gold coupon bonds offered up to Feb. 10, from 850,000 to $100,000 were sub scribed for at par. See V. 86, p. 302, for description of these securities. St. Thomas, Ont.— Debentures Voted.—The issuance of debentures for the construction of a municipal power dis tribution plant was authorized at a recent election. We are advised, however, that these debentures “ will not be issued for perhaps a year to come.” San Rafael, Marin County, Cal.— Bond S a le.— An issue of $25,000 5% city-hall bonds has been awarded to E . H. Rollins & Sons of San Francisco at par and accrued interest. Denomination $625. Interest May 1 and Nov. 1. Ma turity $625 yearly on Nov. 1 from 1908 to 1947 inclusive. Sandusky, Ohio.— Bond S a le. —On Feb. 3 the following bids were received for the $2,000 4% 9-ycar Sulphur Springs Ditch improvement bonds described in V. 86, p. 125: M I S C E L L A N E O US. T it l e g u a r a n t e e and TR U ST T H E COMPANY 176 Broadway, New York. 175 Remaen Street, Brooklyn. 196 Montague Street Brooklyn Banking Dept. Bocamines & g u ara n te e s R eal E state Titles. L oan s Money on lionet and, Mortgage. F u rn ish es M ortgages to In vestors. Rereives D eposits subject to check, alloicin , In terest. Does a ll Trust Com pany lousiness. 5 M IS C E L LANEOUS.______ ______ TR U ST CO M PAN Y O F A M E R IC A 3 7 - 4 3 WALL ST., NEW YORK COLONIAL BRANCH: LONDON OFFICE: 222 BROADWAY, NEW YORK. 95 GRESHAM 81, LONDON, E. C. FINANCE COMMITTEE. In Charge of Banking Intercet* H D W A R D T. BE D FO R D . CLAREN CE H KELSEY. E D G A R L M AKSTON . W I L L I A M H . N I C I I O L f l. JAM EH H OUPHANT. CHARLES A. PEABODY. JACOB H 8CHIFF JAMES 8PRYKR EDWARD O. STANLEY CLARENCE H. KELSEY, President. FRANK BAILEY Vic# President. EDWARD O. STANLEY, Second Vlca President. Manager Banking Department. CLINTON D. BURDICK Third Vice President. J. WRAY CLEVELAND, Secretary. ARTHUR TERRY, Treasurer. PRANK L. SNIFFEN Manager Btxwdrfyn Banking Department- T h e A m e r ic a n M f g . C o . MANILA, SISAL AND JUTE CORDAGE. 65 Wall Street, New York. R. T . Wilson & Co., BAXKE&S ft COMMISSION MJSBGSA-JfTB 33 W a ll H tte cl N ew Y a ck niinoisTrast& SaYin^sB aiik C H IC A G O C A P IT A L - . 5 ,0 0 0 ,0 0 0 S - - 8 U R P L U S , 0 0 0 , 0 0 0 P a y s In t e r e s t o n T im e D e p o s it s , C u r r e n t a n d R e s e r v e A c c o u n ts .' D e a l s in I n v e s t m e n t S e c u r i t i e s a n d F o r e i g n E x c h a n g e . T r a n s a c t s a G e n e ra l T r u s t B u s in e s s . C O R R E S P O N D E N C E IN V IT E D BARROW , W AD E, G U T H R IE & CO. CERTIFIED PUBLIC ACCOUNTANTS. (New YorkandIllinois.) N E W YORK, Broad Exchange Building, 26 Broad Street. NEW ORLEANS, SAN FRANCISCO, CHICAGO, Hibernia BankBldg. 787 Market Street. MonadnockBlack. LONBON, ENGLAND, It 9t. Swithin'a Lana, E. C., Cable, ‘Adorjeet" 440 THE CHRONICLE, [VOL. LXXXVI T r u s t F a n ip a t t ic s . MercantileTrust Co. C I T Y S t . L o u is , M o . M em ber S t. L o u is C le a r in g H ouse A s s o cia tio n C a p ita l a n d S u rp lu s , $ 9 ,500,000 F E :V 1 ’ U S j W A D E P re s id e n t. C ity D E P O S IT S I\ov . 1 6 . 1 8 9 9 S 1 7 .0 5 1 19 A N ov. 1 6 , 1900 $ 2 ,8 0 7 ,2 4 5 97 16. 1903, $ 1 1 ,8 5 1 ,6 7 9 9 2 Nov. 16,1904,$16,564,820 43 Nov. 16,1905, $17,194,262 79 16 jo v isov , 1 9 0 o, $17,919,949 08 16 ,19 0 7 . $21,767,256 57 The xroot :t Good service is Constant Growth B U N K E R H IL L B R A N C H : Squ are. C H A R L E S T O W N . M A S S . - O LD C O L O N Y T R U S T CO. BOSTON, MASS. $4,000,000 le g a l D e p o s it a r y f o r C o u r t F u n d s , a n d a u t h o r iz e d t o a c t a s E x e c u t o r , G u a r d ia n , A d m in is t r a t o r and T ru stee. P H IL IP S T O C K C h a rle s F . A d a m s 2 d O rla n d o H . A lfo t d . V • L oth rop A m es. J o h n S . B a r tle tt, C h a rle s E . C o ttln g . A lv a h C r o ck e r , L i v i n g s t o n C u s h in g . G eorg e A . D ra per. W illia m F . D ra p e r . W llm o t R . E v a n s. F r e d e r i c k P . F is h . R o b e r t F . H e r r ic k , b r a n d s L. H lg g ln s o n , H en ry C. Jack son . S id n e y W . C apital a n d S u rp lu s, t r a n s a T O N , P r e s id e n t. G e o r g e E . K e ith , G a r d in e r M . L a n e A rth u r L ym a n , M a x w e ll N o r m a n , R o b e r t T . P a in e 2d. A n d re w W . P reston . R i c h a r d S . R u s s e ll. H o w a rd S to ck to n . C h a rle s A . S to n e . G a le n N . S t o n e , Q u in c y A . S h a w J r .. N a th a n ie l T h a y e r , H enry O . U n derw ood W . Sew ard W ebb. W in s lo w . IL L IN O IS , CHICAGO - $2,000,000 900,000 C H A R L E S G . D A W E S , P r e s id e n t. W . I R V I N G O S B O R N E . V ic e -P r e s id e n t . A. U H R L A U B , V ic e -P r e s id e n t . W I L L I A M R . D A W K S , C a s h ie r. L. D . S K I N N E R , A s s t . C a s h ie r. p W I L L I A M W . G A T E S , A s s t . C a s h ie r . A . G . M A N G , S e cre ta ry . M A L C O L M M c D O W E L L , A sst. S e cr e ta r y . BANKING, SAVINGS AND TRUST DEPARTM ENTS. Girard Trust Company, CAPITAL and SU RPLU S, $10,000,000. C H A R T E R E D 1836. A c ts as E x e cu to r , A d m in is tra to r , T ru ste e , A ssig n ee an d R e ce iv e r. Finan cial A g en t fo r I n d iv id u a ls o r C o rp o ra tio n s . In terest A llow e d on In d ivid u al an d C orp ora tio n A c c o u n ts A c ts a s T ru stee of C o rp o ra tio n M o r tg a g e s D ep os ita ry under P lan s o f R e o rg a n iz a tio n R eg istra r and T ran sfer A g e n t A ssum es en tire ch a rg e o f Real E state. S it e s to R en t in B u rg la r -P r o o f Vaults. K. B . M O R R I S , P re s id e n t. W . A . E L Y , 1st V ic e -P r e s id e n t. A. A . J A C K S O N , 2 d V ic e -P r e s id e n t . C. J . R H O A D S , 3 d V ic e -P r e s . a n d T re a su re r. E D W A R D S . P A G E , S ecreta ry . M AN AQ ERS: E ffM n g h a rn B . M o r r is , J o h n A . B ro w n J r ., B e n ia m in W .R ic h a r d s J oh n B . G a rre tt, W illia m H . J e n k s , W illia m I I. G a w , F ra n cis I G o w e n , G eo. H . M cF ad den , H e n r y T a tn a ll. I s a a c H . C lo th ie r , T h o s . D e W I tt C u y le r, N- E . C or C H a rtm a n K u h n , Jam es S peyer, A u g u s t u s D . J u lllla r d , E d w a rd J . B erw tn d , R a n d a l M organ ; E d w . T S totesb u ry , C h a r le s E . I n g e r s o ll, J o h n S to ry Jen k s Jr. H enry B . C oxe, E . C . F e lto n . B road an d C h estn u t S treets. PH ILAD ELPH IA . The Trust Company of North America Trust Company T ra n sa c ts a General T r u s t B a n k in g B u s in e s s . and In terest A llo w e d o n D e p o s its S u b je c t to C h eck A cts as T ru s te e u n d er R a ilroa d an d o th er M o rtg a ge s an d is a u th o riz e d to a c t as E x e cu to r , u u a rd ia n . A d m in istra to r an d T r u s te e . Capital - - - S u rp lu s (E a rn e d ) $1,000 000 2,000.000 D IR E C T O R S T C H A R L E S E . R O G E R S O N , P r e s id e n t. “ A m es L o n g le y G eorg e R . W h ite W illia m E . P u t n a m C o s te llo C . C o n v e r s e B e n ja m in F . S te v e n s A b el H . P roctor H en ry S. Shaw E d w a r d W . H u t c h in s G era rd C . T o b e y Jam es R . D u n bar N a th a n ie l J . R u s t E lw y n G . P re sto n F ran k G . W eb ster R ic h a r d M . S a lto n s ta ll A rth u r F . E s ta b ro o k J erom e Jon es W illia m B . R i c e N e h e m la h W . R ic e G e o rg e B . W ilb u r N a th a n ie l F . A y e r C h a r le s F . F a i r b a n k s R ic h a r d C . H u m p h rey s W a lla c e L . P ie r c e G e o r g e W . W h e e lw r ig h t ississippi Valley Trust Co. B R E N G L E - 1 st V i c e -P r e s . & T r e a s u r e r . . . T A 111* ’ 2 d v t e e -P r e s ., S u p e r v * g T r u s t D e p t . * H A S . P . L I N E A W E A V E R , S ee, & A s s t T r u s t O ffic e r d ir e c t o r s g e n e r a l B A L A N C E S T R U S T E E ES. T R A N SFE R b a n k i n g I N T E R E S T O N S U B J E C T T O U N D ER A G E N T. M O RTG AG R E G IS T R A R . B O A R D O F D IR T . J e f f e r s o n C o o l id g e J r ., G ord on A b b o tt, O liv e r A m e s , C . W . A n io r y , C h a r le s F . A y e r , S a m u e l C a rr, B . P . C heney, T . J e ffe r s o n C o o lid g e , C h a r le s E . C o t t in g , P h ilip D e x te r , E b e n S. D ra per, F r e d e r ic k P . F is h . R e g in a ld F o s te r , G eorg e P G ardn er, R o b e r t F . H e r r ic k , . j . L e v e r in g J o n e s , M a lc o lm L l o y d , J o h n M c ll h e n n y , R i c h a r d W a in M e irs , C le m e n t B . N e w b o ld . J oh n W . P ep p er, VV H am F R e a d F ra n k S am uel ‘ * A d a m A . S tu ll E d w a r d D . T o l’a n d J o s e p h R . W a in w r ig h t . W i llia m D . W ln sn r. E C TO R S: . . . c h a ir m a n H e n r y S. H o w e , W a lt e r H u n n e w e ll, T h o m a s L . L iv e r m o r e , C h a r l e s s . .M e llo n , G eorge v. L. M eyer, L a u r e n c e M in o t, R ic h a r d O ln e y , R o b e r t J . P a in e , 2d, P h ilip L . S a lto n s ta ll, N a t h a n ie l T h a y e r , L u c iu s T u t t le . S tep h en M . W e ld , C h a rle s W . W h it t ie r . N E W T R U S T E N G L A N D C O M P A N Y , BOSTON. MASS C A P IT A L , 5 1 ,0 0 0 .0 0 0 : S U R P L U S . Safe D e p o sit V a u lts 5 2 ,0 0 0 ,0 0 0 A u t h o r iz e d t o a c t a s e x e c u t o r a n d t o r e c e iv e a n d h o l d m o n e y o r p r o p e r t y In t r u s t o r o n d e p o s i t f r o m C o u r ts o f L a w o r E q u it y E x e c u t o r s , A d m ln is tr a t o r s . A s s ig n e e s . G u a r d ia n s , T r u s t e e s , C o r p o r a t io n s a n d I n d iv id u a ls . A ls o a cts as T ru s te e u n d e r M o r tg a g e s a n d as T r a n s fe r A g e n t a n d R e g is tr a r o f S t o c k s a n d B o n d s In terest A llo w e d on D e p o s its S u b je ct to C h eck D A V I D R . W H I T N E Y ? P r e s id e n t C H A R L E S I I . D A L T O N . V ic e -P r e s id e n t C H A R L E S F . C H O A T E , V ic e -P r e s id e n t F R A N K L I N H A V E N , V ic e -P r e s id e n t J A M E S R . H O O P E R , A ctu a ry H E N R Y N . M A R R . S ecreta ry F E E D . W . A L L E N , A sst. S ec. & T rea s. T H O M A S E . E A T O N , A sst. T reasu rer F R A N C I S R . J E W E T T , T r u s t O ffic e r B O A R D O F D IR E C T O R S .. „ W illia m E n d lc o t t , C h a ir m a n ; W a lt e r C . B a y lle s , F r e d e r ic k P . F is h , A lfr e d B o w d Itch Jam es G . F reem a n , C h a r le s F . C h o a t e , M o r ris G r a y , A le x a n d e r C o c h r a n e , F r a n k lin H a v e n , E dm und D . C odm an, Jam es B . H oop er, 1 J e ffe r s o n C o o lid g e , J am es M . P ren d erg a st, C h a rle s H . D a lt o n , L aw ren ce M . S to ck to u G eorge D ex ter. N a th a n ie l T h a y e r , P h 'i 'P D e x t e r , G e o rg e W Ig g le s w o r th , W illia m F a r n s w o r t h , D a v id R . W h itn e y . ttt Fourth & Pine Sts., St Louis A GENERAL F IN A N C IA L AND F ID U C IA R Y B U S IN E S S T R A N S A C T E D . . , R h o d e Is la n d H o s p it a l D IR E C T O R S l - B eggs W i lb u r t . B o y le M u r r a y C a r le t o n C h a rle s C la r k H o r a tio N . D a v is J o h n D . D a v is A u g . B . E w in g D . R . F r a n c is A u gu st G ehner H e n r y W . P eters S . E . H o f fm a n I I. C la y P ie r c e C has. H . H u ttlg J . R a m s e y J r. B r e c k i n ’ g e J o n e s A u g u s t S c h la fly W . J . M c B rid e J a m e s E . S m it h N e ls o n W . M c L e o d R o b t . H . S t o c k t o n S a u n d e r s N o r v e ll J u liu s S . W a ls h W m . D . O r t h w e ln R o ll a W e lls R . J . O ’ R e i l l y .M D O F F IC E R S J H L I U S S . W A L S H , C h a ir m a n o f t h e B o a r d B R E C K I N R I D G E J O N E S , P r e s id e n t H A V I S . V ic e -P r e s id e n t S A M U E L E . H O F F M A N . V ic e -P r e s id e n t J A M E S E . B R O C K , S ecreta ry H U G H H. L Y L E . A s st. S e cr e ta r y H E N R Y C . I B B O T S O N , A s st. S e creta ry G - H U N T 'I 'u r n e r j r .. A s st. S ecr e ta r y E g H I S W . F R I C K E . A s st. S e cr e ta r y E R E TD E R I G K V I E R L I N O . T r u s t O ffi c e r f J E H R Y S E M P L E A M E S . A s s t E x e c u t i v e O ffi c e r C H A R L E S m . P O L K . A s s t . T r u s t O ffi c e r W I L L I A M G . L A C K E Y . B o n d O ffi c e r M cC . M A R T I N . A s s t . B o n d O ffi c e r T O M W . B E N N E T T . R e a l E s t a t e O ffi c e r G E O . K I N G S L A N D . A s s t R e a l E s t a t e O ffi c e r C . W . M O R a t h , S a fe D e p o s i t O ffi c e r READY FEBRU ARY 25 A . S T U L L , P r e s id e n t . H e n r y G . B re n g le , Jam es C rosby B row n , J o h n C a d w a la d e r , f-W C terk J L E c k i e y B . C o x e J r .. E d w in S . D ix o n . E u g e n e L . E llis o n . J o s e p h C . F r a le y , H a r r y C . F ra n cis , H enry L . G aw , J r„ H o w a rd S . G ra h am . S am uel F . H o u sto n ; a C A P IT A L . S U R P L U S l< r o f i n n n n n and P R O F I T S } * 0 >b U U ' U U U 5 0 3 -5 0 5 -5 0 7 C h e s tn u t St.. P h ila d e lp h ia . C A P I T A L ....................................................... $ 1 ,0 0 0 ,0 0 0 ADAM s A L L O W S D A I L Y T h e AND C O M P A N Y C ap ital - - - S u rp lu s a n d P ro fits t C H E C K . B O S T O N . M A SS. O F c B U S IN E S S . = $7,000,000 Boston Safe Deposit C E N T R A L T R U S T M ASS D IR E C T O R S . N ov. 16, 19o2, $ 1 1 ,9 8 4 ,5 2 3 33 N ov C O BOSTON . T r a n s a c t s a U cn e ra l T r u s t a n d B a n k in g B u s in e s s I n t e r e s t A l l o w e d o n D e p o s it s S u b je c t t o C h e c k A c t s as T r u s t e e u n d e r R a ilr o a d a n d o t h e r M o r t g a g e s ; a ls o a s A g e n t f o r th e R e g is t e r in g and T r a n sfe r o f S tock . Commenced business Nov. 16, 1899 16. 19 0 1 , $ 5 , 0 1 9 , 6 8 8 50 STREET. C a pita l & S u rp lu s, - VVM . M A F F I T T . T reasu rer N ov. T R U S T SO S T A T E T ru st C o m p a n y , P R O V I D E N C E R. I. C A P I T A L ............... - ........................................ 5 1 ,0 0 0 ,0 0 0 S U R P L U S ____ - .....