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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.

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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
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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
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'
.
"
'
.
F-A
...
ic
B
u
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l
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D
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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
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c
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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
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6
3
4
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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

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$ 3 ,7 3 1 ,5 6 1 ,

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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

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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 .

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F ie ld ,

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C h ic a g o .
31

D ec.

d a te

o f

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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

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fo r

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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

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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 .)
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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.
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$
$
I L iabilities—
$
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l t e a l c s t . , fr a n e h ’ s ,
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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
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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
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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
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$ 4 3 ,0 0 0 .—

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o f

a ll

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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
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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
_________
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C o .,

f? )9 0 0 ,0 0 0

_____ ____________
.................. ....

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V . 8 2 , p . 161

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V . 7 6 ,p . 1355

Issu ed .
$ 1 ,0 0 0 ,0 0 0

as

to

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th e

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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 .

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R y .—

S e y m o u r

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N o te -H o ld e r s ’

N ew

n o te -h o ld e r s ’

Y o r k

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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

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e n tered
1 9 0 7 .—

b y

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to

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s o ld

S u p e r io r

V . 8 2 , p .

J o h n sto w n

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1 0,

10.

p u rsu a n t

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1 1 5 6 .

G lo v e r s v ille

R R . — R e p o r t .—

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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

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$ 3 0 ,0 0 0
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V . 8 5 , p .

r o llin g
5 99 .

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6 %

to ta l

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&

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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 .,

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A b e rd e e n ,

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in

to

C ra ry ,

$ 1 5 0 ,0 0 0
reserv e,

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$ 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

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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

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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




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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
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p r o p o s a ls

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r e q u ire d w ith e a c h

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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

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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 .

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35 Congress

St.

Y O R K

St.,

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a n d R a i'ro a d

S to c k

E x ch a n g es

Albert Kleybolte & Co>,
W

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S tr e e t,

C r a « C N N A T I ,

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M unicipal,
C ounty,

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H S & h -G ra d e P u b l i c
S e c u r itie s

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Knickerbocker

Audit

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8 B IS W 9L D

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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
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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

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W illiam
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&

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«H O . B

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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 ____ - .....