The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
•
•iC.hhL
•
•
w.^KV. O:.
/
s'\
..csil
PE8 -if 1907
INCLUDING
and Quotation
Bac k
State and City Section (semi-Annually)
Section (Monthly)
Streetin Office
Railway
Section (Tte$a'S£,ee)
of Librarian of Congress, Washington, D. Cl
Railway and Industrial Section (quarterly)
Act ot Congress in the year 1907,by William B. Dana Company,
A weekly newspaper entered at Post Office, New York, as second-class mat ter—Willi am B. Dana
Entered according to
NEW
VOL. 84.
Company, Publishers, 7 0)4 Pine St., N. Y.
NO. 2173.
YORK FEBRUARY 16 1907.
financial.
THE LIBERTY
financial.
j
Ipnawcial.
,
ROBINSON 'national bank,
FISK &
AMERICAN BANK
BANKERS
NOTE COMPANY
Government Bonds
Investment Securities
78 to 86 Trinity
Place. New York
Reorganized 1879
Business Founded 1795.
NEW YORK.
Undivided Profits*
Capital, Surplim and
$3,100,000.
FRKIPK B. SCHENCK. President.
D. G. KEID,
CHARLES tl. STOUT
Vice-President.
Vice-President. ‘
CHARLES W.
JAMES V.
RIECK3,
LOTT
Cashier.
Vice-President.
FRED’K P. MCGLYNN
HENRY P. DAVISON,
Asst. Cashier.
Chairman Exec. Com.
DIRECTORS:
2d
Engravers » Printers
boston
new York
K. C. Converse,
Geo. F. Baker,
CERTIFICATES,
BONDS FOR GOVERNMENTS AND COR¬
PORATIONS. DRAFTS, CHECKS, BELLS
OB EXCHANGE. STAMPS, ETC.. WITH
SPECIAL SAFEGUARDS TO PREVENT
COUNTERFEITING * LITHOGRAPHIC
AND TYPE PRINTING * RAILWAY
TICKETS Op IMPROVED STYLES
SHARE
BANK NOTES
The National Park Bank
ol New York.
Organized
26,
,
.
President
Vice-President
.
,
DELAFIELD,
Secretary
Treasurer
TICK-PRESIDENT.
Chas. A. Moore
Francis L. Potts
Francis S. Sm it hers
Andrew V. Stout
James B. Ford
Warren L. Green
Francis L. Hlne
and
WILLIAM A. MAIN
ASST. CASHIER.
represented by
Philadelphia,
James II.
FOXCROFT ASST. CASHIER.
FRED’K O.
other
INVESTMENT SECURITIES.
CASHIER.
WILLIAM O. JONES.
ASST. CASHIER.
Dealers in
Municipal Bonds,
MAURICE H. EWER,
Board
-
Railroad and
Government,
JOHN C. VAN CLEAF,
VICE-PRESIDENT.
TRUSTEES:
-
Bankers and
JOHN C. McKEON.
VICE-PRESIDENT.
GILBERT G. THORNE,
T, H. Freeland, Chairman of the
Edmund C. Converse
John Mason Little
Wm. iNielson Cromwell Phineas C. Lounsbury
Joseph R. Dc Lamar
62 CEDAR
PRESIDENT.
.
.
Harvey ST.,
Fisk NEW
& Sons,
YORK
$3,000,000 00
$,1413,704 90
1907.... 94,024,228 99
RICHARD
OFFICERS:
W.utREit L. Green,
.
.
.
•
.
JXRiiD K. Mykrs,
Frank K. Johnson,
Chas. L. Leib,
1S56.
Capital
Surplus and Profits
Deposits Jan.
T. A. Gillespie.
F. L. lline,
H. P. Davison.
Arthur F. Luke,
J. Rogers MaxwclL
Fred’k B. Sobenck.
Ambrose Monell.
Henry C. Tinker
K. F. C. Young,
Daniel G. Retd.
Charles A. Moore,
Charles H. Warren.
Frederick G. Bourne
Charles II. Stout.
Chapman, 421
Chestnut St.
Chicago,
represented by D. K. Drake,
Our list ot
Investment Securities
Continental
National hank Building.
sent on application.
CHARTERED 1810.
Metuuers oi
Hicamona and Baltimore
Excnanges.
£tock
Williams & Sons,
John L. BANKERS,
MIDDENDOHF,
Capital,
Surplus,
-
$3,000,000
3,000,000
-
-
-
-
-
WILLIAMS it CO
INVESTMENT SECURITIES
Members New
Bank of Richmond.
Main Streets,
Richmond, Va,
511 Chestnut
$1,200,000
Capital & Surplus,
OFFICERS:
SKELTONS WILLIAMS, President.
FREDERICK E. NOLTING, Vice-Preeident.
T. K. SANDS, Vice-President & Cashier.
JOHN
H. A.
L.
Chase
National Bank
Clearing House
Cap.&Surp., §9,159,000
Deposits, £61,063,000
HEPBURN, President
II.WIGGIN.Vice-Pres. E.J.STALKER,Cashier
Directors:
Henry W. Cannon.
THE
OF THE
CHESTNUT STREET,
GARFIELD NATIONAL
23d Street and
BANK,
Sixth Ave.,
New York.
NATIONAL
CITY OF NEW
-
-
Founded in 1784,
THE
—CORNER NASSAU
STREETS
—
IS
AND PINE
ESPECIALLY
ARRANGED FOR
HANDLING
MERCANTILE ACCOUNTS,
NATIONAL BANK
OF THE CITY
Capital
-
$1,000 000
1 000 000
RANH
YORK
GALLATIN
-
-
Surplus Sc Profits
Capital
Surplus
BANK OF NEW YORK
National Banking Association.
OF NEW YORK
-
-
$1,000,000
(earned) 2,300,000
OFFICERS
Samuel Woolverton, President
Alexander H. Stevens, Vice-President
George E. Lewis. Cashier
Howell T. Manson, Assistant
Cashier
DIRECTORS
Adrian
Iselin Jr.
Frederic
W. Stevens
ALEXANDER
accounts invited.
1829.
THE
PHILADELPHIA.
A. Barton Hepburn
George F. Baker Jr.
EQUIPMENT OF THE
FOURTH
328
Chairman. James J. Hill
F. Baker John l. Waterbary
Oliver U, Payne George
Grunt B. Schiev
Albert II. Wigirin
ORIGINAL CHARTER
BONDS.
Building
A. B.
A.
Welsh,
INVESTMENTS.
MUNICIPAL RAILROAD AND OTHER
WILLIAMS, Asst. Cashier.
1). CRENSHAW J R.. Trust Officer
Street
Philadelphia.
New York.
Francis Ralston
Stock Exchange*.
York and Phlla.
7 Wall Street,
N. W. Cor. 10th and
Co.
BANKERS
33 Wall Street.
Main Streets,
RICHMOND, VA.
Correspondents:
Edward B. Smith &
RANK.
Corner 9th and
Baltimore
NATIONAL
MECHANICS
II. STEVENS
W, Fmlkm Hoosinw
Chas. A. Peabody
Samuel Woolvebtojt
CHARLES IL TWEED
Thomas Dim Jm.
II
THE CHRONICLE.
*
OL.
LXXXIV.
gatifecvs and Srautevs of tfotxigtt gxclumtjc.
]. P. Morgan & Co., Maitland,Coppell & Co.,
BROAD,
WALL STREET CORNER
52
NEW YORK.
Drexel & Co.,
Morgan,Harjes&Co.
Cor.of6th A Chestnut Sts. 31 Boulevard
I’ll 1LADELPI1IA.
Haussm&nn,
PARIS.
Kidder, Peabody & Co.,
115 DEVONSHIRE
Orders executed for all Investment
Securities.
Act as agents of Corporations and
negotiate and
issue Loaus.
Bills of
Union
BOSTON.
Credit,
of
BANKERS.
London it Smiths Rank,
Limited,
London,
MesHrs, MaUet Freres it Cie., Paris,
Ranco Nucional de Mexico
Travelers
STREET,
Exchange, Telegraphic Transfers,
ON
Depositp received subject to Draft. Securities
bought and sold on Cora mission, interest allowed on
Deposits. Foreign Exchange. Coinmercial Credits.
for
STREET,
NEW YORK.
Betters of
DOMESTIC AND TOEElON BANKERS,
Cable Transfers.
Circular Letters
available in all parts of the world.
WILLIAM
INVESTMENl SECURITIES.
FORE1G A
EXCEL AEG E.
And its Branches.
Attorneys and Agents
of
Mchsrs. JT. S. MORGAN' A; CO.,
No. 22 OLD BROAD
STREET,
-
LONDON.
-
Brown Brothers &
phila.
NEW YORK,
59 Wall St.
Co,
BOSTON.
August Belmont & Co.,
BANKERS,
No. 23 IN ASS AC STEET.
ALEX BROWN & SONS. BALTIMORE.
CONNECTED BY PRIVATE WIRE.
.
.
jLllV6StiII16Il t
QAonnitioQ
Transfers
Letters
X
J*x
OI ureait.
BROWN, SHIPLEY
EUROPE,
the other West Indies,
Mexico and California.
Execute orders for the purchase and sale of
and make cable transfers on all
Issue Commercial and
points.
Travelers’ Credits, available in
all parts of the world.
Investment Securities,
Cuyler, Morgan & Co.,
& CO., LONDON.
44 Pine Street,
New
Letters
DRAW
Cuba,
INTERNATIONAL CHEQUES.
CERTIFICATES OF DEPOSIT
Buy and sell Bills of Exchange
BANKERS,
Broad
Available in
Telegraphic
to
J. & W. Seligman & Co.,
Issue
FOR TRAVELERS,
Available in all parts ol the world.
Draw Bills of Exchange and make
Ot5L<ULIIUltJo.
favorable terms. Collect
drafts drawn abroad on ail points n the
United
States and Canada; and drafts drawn in the United
States on foreign countries, including South Africa
on
r
No. 21
Agents and Correspondents of the
Messrs. ROTH SC III LD,
London, Paris und Vienna..
ISSUE LETTISHS OF CREDIT
Mems. N. Y., Phila^ Boston & Baltimore St’k Exch’s.
Buy and sell first-class In■
vestment Securities on commission.
Receive accounts
of Banks, hankers, Corporations, Kirin* and individuals
LE TIERS Of CRE Dll,
Agents for the Bank of Australasia, the British
Guiana Bank, Demerara, etc., etc.
THAI ELERS' LETTERS OF CREDIT
Available throughout the United States.
BILLS
Street, New York.
of
anv
OF
Credit to Travelers
Part of the World.
EXCHANGE
AND
MAKE
TELEGRAPHIC TRANSFERS OF MONEY TO
EUROPE, CALIFORNIA AND THE HAWAIIAN
ISLANDS.
Buy and Sell Investment Securities.
AGENTS AND CORRESPONDENTS OF
Seligman Brothers, London,
Seligman Frercs A: Cie., Paris.
Alsberjj, Goldl>er«r
A
Co., Amsterdam.
Anglo-Calllorniait Bk.,Lt.,SanFraiici»eo
Vork.
BANKERS
TAILER&GD
27 Pine
INVESTMENT
Street, New York
;
MEMBERS OF NEW
SECURITIES.
YORK
STOCK
IMmend&Cfi.
EXCHAJMd
.
KESSLER
54
IN VESTMENT
WALL
Buy and Nell Bills
Cable
Winslow, Lanier & Co.,
NEW
on
Foreign Exchange, Letters
ot
Credit.
Kean,VanCortlandt8cCo
BAXKEHS,
Exchange and
on
all
the
^COMMERCIAL
Foreign
TRAVELERS’
CREDITS. BUY AND SELL RAILROAD
STOCKS. BONDS AND INVESTMENT
SECURITIES. ACT AS FINANCIAL
AGENTS FOR CORPORATIONS.
37
ana
Domestic
Dealers in In vestment Securities.
]0HN MUNROE & Co.,
Street,
New York.
Square, Boston,
Issue Circular Letters of Credit for
Travelers’ Use
Abroad Amunst Cash or
Satisfactory
Guaranty of Repayment.
on
London, I*aris, Berlin,
/.i:rich and St. Gall.
Credits Opened
and
Payments Made
by
Cable
Paris Eiouse—MUNROE A CO.
Philadelphia
33 Pine
507 Chcstunt St.
St., New York
MEMBERS N. Y. STOCK EXCHANGE.
Execute orders for purchase and sale of
Stocks and Bonds.
Foreign Lxchange Bought and Sold.
issue Commercial and Travelers’Credits
available in ail parts of the world.
GRAHAM
&
CO.,
bankers.
No. 435 Chestnut
Street,
PHILADELPHIA
Members Philadelphia Stock
Schulz &
Ruckgaber,
-
-
Members New York Stock
New York.
Exchange.
Correspondents of Messrs.
Fruhling & tiosenen. Loudon.
Joh, tterenberg, dossier & Co.,
Hamburg.
Marciiard <T: Co.. Paris.
Bremer Bank. Filiale Dresduer Bank, Bremen,
issue wommeicia1 & Travelers Ciedits.
Buy and Sell Bills ot Excftange.
Cable Transfers and Investment Securities
LawrenceTurnure&Co.
Exchange
lor Travelers.
William Street,
II William Street,
Banking Business.
No. 30 Pine
No. 4 Tost Oliice
Letters of Credit
AND
BANKERS,
30 1*3NE STREET, NEW YORK.
Geneal
Iligli-Grade Investment
Securities
BANKERS.
Deposits. Securities
Rougnt ana Sold on
Commission.
a
of
Translers
Heidelbach- Ickelheimer & Co..
YORK,
Deposits Received Subject to Draft. Interest
Transact
YORK.
STREET,
BANKERS.
Allowed
NEW
Principal European Cities.
ISSUE
CEDAR
STREET,
Bankers
Members ol the N. Y. Stock Exchange.
ME C U R11 IE S
59
Foreign & 33omestic
& CO.,
BANKERS,
BANKERS
Bunkers,
50
Deposits received subject to draft. Interest al¬
lowed on deposits. Securities bought and sold on
commission. Travellers credits available through¬
out the United States, Cuba, Puerto
Rico, Mexico,
Central America and Spain. Make collections inand
issue drafts and cable transfers on above
countries
London
Bankers:
—
Loudon
Bnnu, Limited.
Paris Bankers:—llelue & Co.
ON COMMISSION.
Deposits received subject to Draft.
Dealers in
High-Grade
INVESTMENT SECURITIES,
Issue Letters of Credit and
Traveler's Cheques^
List of
current
MOSLE
oderlngs sent
Joint-Stock
on
replication.
BROTHERS,
16 & 18 EXCHANGE
Wall Street, New York.
Exchange.
SECURITIES BOUGHT AND SOLD
PLACE,
NEW YORK.
COMMERCIAL CREDITS,
FOREIGN EXCHANGE.
ATTORNEY'S AND AGENTS
OF
MESSRS, KONIC BROTHERS.Bankers
LONDON.
III
THE CHRONICLE.
Feb. 16 1907
hauliers.
bankers.
jankers.
Wm. A. Read & Co.
BANKERS.
Co.,
Lee, Higginson &
BANKERS
investment Securities.
3 Broad
Dealers in
CHICAGO OFFICE,
43 State St.
HIGH-GRADE BONDS
NASSAU STREET,
NEW YORK*
25
The Rookery.
203 E. German St.
205 La Salle St.
BALTIMORE.
CHICAGO.
UOSTON.
Stock
william
s»t.,
new
-
york.
Boston.
Chicago.
CO.,
WALL
46
Investments.
ST., NEW YORK,
High-GradeAND
Bonds
Illinois Tunnel
Company.
Representatives of the
Electric Company.
N.W. HARRIS & CO.
BANKERS
William
Pine Street, Corner
NEW
Act
as
palities
and
letters
of
BRANCH OFFICES:
CHICAGO, ILL.
CARBONDALE, PA.
WILKES BAliRE, PA.
READING, PA.
SCRANTON, PA.
DAYTON, OHIO.
BINGHAMTON, N. Y.
corporations.
credit
NEW YORK
35 Wall Street
cheok
interest on balances.
fiscal agents for munici¬
allow
Investment Securities
Automatio
YORK
Receive deposits subject to
and
Railroad and other
Chicago *tock Exchange.
Representatives o£ the
Financial
BANKERS
New York Stock Exchange.
Members:
Financial
Geo. P. Butler & Bro.
Customers.
Safety Deposit Vaults ior Use of
REQUEST.
LISTS ON
Exchange
DEALERS IN
Investment Securities.
Conservative
Members N. Y. Stock
BANKERS
Exchange.
York Stock
Members New
Goldman, Sachs & Co.,
BANKERS
Issue
deal
and
Exchange,
Exchanges,
J. B. RUSSELL &
CO.,
&
GARDINER
Members ifew York Stock
Boston, 10 Post Office Square*
Members New York and Boston
PLYMPTON,
New York*
Street,
Street, BOSTON.
44 Stale
ur
Millett, Roe & Hagen,
In
BONDS FOR INVESTMENT
43
EXCHANGE
Members of
PLACE,
HALLGARTEN & CO.
Bankers
Execute orders tor
LIST ON APPLICATION
YORK.
NEW
New York Stock Exchange.
sale
ot
purchase and
and
Stocks
Buy and Sell Foreign
CABLE
Bonds.
Exchange.
STREET,
6 NASSAU
■
NEW Y0BE
‘COLD.NESS.
AI >1)KI'jO>
Letters of Credit
Blake Brothers & Co.,
60
84 State Street,
Exchange Place,
BOSTON.
NEW YORK.
Issue Commercial and Travelers*
Letters of Credit,
Available in all parts
IN
DEALERS
and
Commercial Paper
CITY
H. B. HOLLINS &
and other
MUNICIPAL BONDS.
Commercial Paper.
Investment Securities.
Members New York <fc
Boston Stock Exchanges.
Rudolph Kleybolte& Co.
Cor. of Wall and Broad
CO.
l)raw Bills ol Exchange
Cable Translers to Europe,
and make
Asia, Aus¬
tralia, the West Indies, Central and
South America and Mexico.
Issue Letters of Credit lor Travelers,
available in ail parts ol the world.
Zimmermann & Forshay,
DEALERS IN
BANKERS.
MUNICIPAL, RAILROAD and
STREET RAILWAY
YORK.
DailvandTime Deposits,
Stock Exchange.
for Invest¬
Bought & Sold
LETTERS OF CREDIT ISSUED.
ail Parts of the Worid,
bird s.ccllr,
Leonard h. hole.
Member -N. V,Stock Exchange,
Schmidt,
FOREIGN EXCHANGE,
INVESTMENT SECURITIES
Wilt 1,1 AM STREET, NEW YORK,
MembefuN, ¥, Stock, Cetlun and Ceflee nixchaugei
BANKERS.
BONDS
FOR
Interest Allowed on
Fiscal
INVESTMENT.
Deposit Accounts.
Agents for Cities and
49 Wall Street,
Philadelohia.
NEW
Corporations.
NEW YOKK*
Chicago,
San Francisco
PHILADELPHIA
YORK
E. D. SHEPARD & 00.
FOREIGN EXCHANGE
Cable Translers to
Stern &
CO„
Wall Street, New York.
Members New York
Orders executed tor stocks and bonds
ment or on margin.
BONDS.
27-29 PINE STREET, NEW
9 and 11
N. W. HALSEY &
Sts., New York.
BANKERS.
Interest Paid on
Foreign Exchange
Investment Securities
Investment Securities
Dealers in
NEW YORK
of the world.
W. N. OOLER &
KNAUTH, NACHOD & KUHNE
CO.,
BANKERS
69 CEDAR ST., NEW YORK.
INVESTMENTS.
LONDON
BOSTON
BANKERS.
Members
'
ofthoNowYork Stock Exchange.
LEIPZIQ GERMANY.
NEW YORK.
ItiOUAAtUNO II
U WILLIAM ,81
IV
THE CHRONICLE
| VOL. LXXXIV,
ffotcign.
DEUTSCHE
The Union Discount Co.
Bank of Montreal
of London, Limited.
(Established 1817.1
BANK,
BERLIN, W.
T
BEHREN8TRA88E 9
I
39 CORNH1LL.
Telegraphic Address, Udisco, London.
Capital Subscribed
87.000.000
Paid Up
3.750.000
TO 1 3.
CAPITAL
H47.619.000
M.
©amtdiatt faults.
200,000.000.
Reserve Fond
RESERVE
823.118.000
UNDIVIDED PROFITS
4,250.000
NOTICE IS HEREBY GIVEN thatthe RATES
OF INTEREST allowed for
money on deposit are
as follows:
TIN TXAR8:
10.10,10*,11,11.11,11.11,12,12 per oent.
At
Branches:
LONDON
Honorary
Hon. Sib George A. Drummond
K.C.M.G.President
E. S. CLOUSTON.. Vice-Prest. and General
Manager
Call, 854 Per Cent.
FRENCH FINANCE CORPORATION
OF AMERICA.
E. C.
Pnrcliasers
BANCO ALEMAN TRANSATLANTICO
NEW YORK
No. 31
Capital
M.
84.190.000
17,600,000
Reserve Fund
8595,000
M. 2,500,000
ACT
FOR
AS
NEW
25
YORK,
Broad
Bahia-Blanca.Bell-Vllle,Buenos Aires,
PARIS,
Street.
sent for
fforctgtt.
9,
The London
Midland Bank,
ESTABLISHED 1836.
BASLE, ZURICH, ST. GALL,
GENEVA, LONDON.
Capital, Paid Up
Surplus
-
Fr. 62,800,000
Fr.
14,280,000
PAID-UP
BERLIN, W.,
BOISSEVAIN & CO.,
24 BROAD
STREET,
Adolph Boissevain & Co.,
Amsterdam, Holland.
FRANKFORT-on-M„
LONDON, E. c..
Handels-Gesellschaft,
53 Corn hill.
^chwolde, Bremen.
Soondito London.
BERLIN, W.,
,
**
**
Tit A NS A CT A
GENERAL BANKING
AND STOCK EXCHANGE BUSINESS.
Berliner
1
Telegraphic Address, Diboontogk, Berlin.
DI8CONTOGE, FRANKrURTMAIN.
Bebrenstrasse ’82-83
and
Franzoslsche-Strasse 42
NORTHCOTE,
DUDLEY & COMPANY,
49 Wail
Telegraphic Address:—Handelschaft, Berlin.
11
$40,476,200
-
57.590,611.
$18,712,526 Banking Transactions
With the unlimited personal
liability of
the follouring partners:
A. Schoeller,
M. SCHINCKEL,
A. 8ALOMONSOHN.
Capital,
j. Hoetxr,
E.
F.
Reserve,
RU88MLL,
-
-
-
-
URBIG.
M.100,000,000
29,000,000
Hong Kong & Shanghai
BANKING
CORPORATION.
Paid-up Capital (Hong Kong Currency)..110,000,000
Reserve Fund,
fur
Bank
Deutschland.
31
The National Discount
10,000,000 00
HAMBURG.
Janeiro, Sao Paulo, 8antos
Head Office:
Branches: Rio
de
Porto Alegre.
Bank
fur
und
Deutschland.
CAPITA L
3110,000,000
Paid-Up Capital
$21,166,625
Reserve Fund
Bolivians),
The above-named bauks, founded and
represented
Europe by the
Direction der
Dlsconto-Gesellschaft,
Berlin. Bremen, Frankfort
o/m and London
Nnrddeutacbe Bank in Hamburg.
Hamburg, oiler their services for every
description
regular
banking transactions.
Subscribed Capital
4,231,325
2,000,000
($5=£1 STERLING.)
00
HAMBURG, with branches In CHILI (Banco de
Chile A Alemania): Valparaiso, Santiago.
(.Concep¬
cion, Temnco,
Antofagasta; and In BOLIVIA
(Banco de Chile A Alemanla, Secclon
Lapaz and OrUro.
Company, Limited.
35 CORNHILL,
LONDON, E. C.
Cable Address—Natdls, London.
Chile
NOTICE IS H EREBY GIVEN that the RATES
OF INTEREST allowed for money on
deposit are
follows:
as
At 4
Chicago
For Investment in the United States,
Reserve
Brasilianische
807 Monadnock Bloc
Cbeapside
London, EL Co
FOREIGN FUNDS
of Every Description.
M.
Street, New York,
Poultry,
ESTABLISHED 1856
M. 179.000,000.
....
15,714,250
Members New York Stock Exchange.
BREMEN.
Stintbrucke
CAPITAL, fully paid,
FUND,
E. H. HOLDEN, 31. P„ 31annglng Director.
NEW YORK.
48-44 BlHRKN STRA88*.
Kossmakkt 18.
CAPITAL, $75,428,400
CAPITAL,
15,714,250
RESERVE
E8TABLI8HED 1851.
CAPITAL
Principal Cities and Towns
England.
SUBSCRIBED
Direction der
Discon to-Gesellschaft,
M.
all the
Telegraphic Address: Cinnabar, London.
SWISS BANKVEREIN
collection, negotiated or
London Agents.
Deutsche Bank (Berlin) London
agency.
4 George Yard, Lombard
St.. London. E.C.
RESERVE,
i n
of
01 credit issued.
“
Limited,
HEAD OFFICE:
With Branches
Drafts, cable-transfers and letters
*
City &
5 Thread needle Street, London,
England.
advanced upon.
”
St,
Manager.
e
Industria, Mexico.
Bills
F. W. Taylor,
rue Plllet-Wlll
Bolivia : La Paz, Oruro.
Ohili : Antofagasta,
Fbuouat: Montevideo.
SPAIN: Barcelona.
Mmie• Agents: Banco Mexleano de
Comerclo
Office, No. 46 & 47 Tnreadneedle
FINANCIAL AGENTS IN FRANCE
RAILWAY CORPORATION3
Cordoba, Tuouman
Concepcion, Iquique, Osorno,
Santiago, Valdivia, Valparaiso.
Callao, Lima.
London
AMERICAN
IN THE OBTAINING OF LOANS AND
SALE OF
BERLIN.
Puerto Mcntt,
Peru : Arequlpa,
Buy and sell Sterling and Continental Exchange
Market*
HEAD OFFltCEs
Argentina:
Agents.
and Cable Transfers; grant Commercial and
Trav¬
elers’ Credits available in
any part of the world;
issue drafts on and make collections
in Chicago ana
throughout the Dominion of Canada.
FIrat*Class Investment
SECURITIES.
Branches:
OFFICE:
PINE STREET.
R. Y. Hebden,
W. A. BOG,
J. T. MOLINEUX
Securities for the French
(Deutsche Ueberseeische Bank.)
Subscribed Capital
84.761.000
M. 20,000,000
Paid Up
of
11,000,000.00
159,831.84
-
Head Office—Montreal.
AND TH1
Dflutsche Bank (Berlin) London A^encv:
4 Georoe
Yard, Lombard St.
-
Rt. Hon. Lord strathcona and Mount
Royal
G. C. M. G
President.
At 3 to 7 Bays9 Notice, 334 Per Cent.
The Company discounts
approved bank and mer¬
cantile aooeptanoes, receives
money on deposit
at rates advsrtlsed from time to
time, and grants
loans on approved negotiable securities.
CHRISTOPHER K. NUGENT. Manager.
BREMEN, DRESDEN, FRANKFORT-ON-M.,
HAMBURG,
LEIP8IC,
MUNICH.
NUREMBERG, AUGSBURG
WIESBADEN.
$14,400,000.00
....
REST
$5=£1 STERLING.
M. 07,099,000.
DlTTDKTD8 PAID DURING LAST
CAPITAL paid in
j [” i^ver
j..
Liability of Proprietors.
*0,«i0.000
10,000 000
GRANT DRA FT8, ISSUE LETTERS OF
CREDIT, NEGOTI¬
ATE OR COLLECT BILLS PAYABLE IN
CHINA, JAPAN.
PHILIPPINES. STRAITS SETTLEMENTS,
INDIA, ETC.
WADE GARD’NER, Agent, 50 Wall 8t.
INTERNATIONAL BANKING
CORPORATION.No'
CAPITAL A SURPLUS,
$6,500,000
Buy and sell Sterling and
Continental Exchange ano
Cable Transfers
Negotiate Draw or Receive
for Collection Bills on Points in the
Orient. Issue Letters ol Credit,
Branches at London, Bombay, Calcutta.Sinoapork.Canton, IIong Kong,Manila. Shanghai.
Kobe. Yokohama. San Francisco, City ok
Mexico. Washington, d.C.. Panama.
all, 3% Per Cent Per Annum.
At 3 to 7
or 14 Day*9
Notice, 334 P. €.
Approved hank and mercantile bills discounted.
Money received on deposit at rates advertised from
time to time, and for fixed periods
upon terms to be
especially agreed upon.
Loans granted on approved negotiable
securities.
PHILIP HAROLD WAUL. 31anager.
H. SCHERER & CO..
BANKERS.
Collections, Foreign exchange and Invest¬
ment
Securities.
MEXICO.
Feb. 16
i
.407
TIIE CHRONICLE
Canadian Banks.
THE CANADIAN BANK
OF COMMERCE,
ISanlis and 15 ankers.
BARING
CO.,
Mackay & Co.
BANKERS
HEAD OFFICE, TORONTO.
$10,000,000
5.000,000
PAID-UP CAPITAL
SURPLUS
&
NEW YORK OFFICE:
Nos. 10 AND 18 EXCHANGE PLACE,
Wm. Gray and H. B. Walker, Agents
LONDON OFFICE:—60 Lombard 8treet, E. CL
Bankers In Great Britain t
The bank or England.
Buy and Sell Foreign Exchange.
Issue Commercial and Travelers’
Letters of Credit,
INVESTMENT SECURITIES.
The Bank of Scotland.
Lloyds Bane Limited,
Union or London and Smith's Bank. Limited.
Bay and 8ell Sterling and Continental Ex¬
change and Cnbie Trauaiera. » ouimerctHi
and Travelers’ Credits. Collections made at
all polnta.
Wall street. New York.
l.)
Agents and Attorneys lor
BABINS
BKOTUEBS
Banking and Exchange business of every
Members of the New York and
Boston Stock Exchanges. Deal¬
ers in Government Bonds and
other Investment Securities. In¬
terest
allowed
od
deposits.
CO., Ltd.,
&
Nassau and Pine Streets
LOS DON.
description transacted with Canada.
Drafts and telegraphic transfers on
the Bank s branch at COBALT, Ontario,
issued at lowest rates.
BANKERS
New York
ESTABROOK &
CO.,
The Bank of
British North America
BANKERS,
Established in 183«.
15 State Street, Boston.
15
Congress St.
42l Chestnut St.
Boston
Philadelphia
Incorporated by Royal Charter in i840
Paid-up Capital,
Reserve Fund,
£1,000,000 Sterling
440,000 Sterling
Head OrncE:
5 Gracechurch Street. London, K. C.
New York Office: 52 Wall Street
H.MJ JdcMICHAEL.l Agents
W T- OLIVER.
f
Buy and nell Sterling and Continental Exchange
and Cable Transfers; Grant Commercial and Travel¬
ers’
Credits available in any part of the world.
Issues Drafts on and make Collections in all parts
of tbe United Sta'es »nd Canada
Merchants’ Bank of Canada.
HEAD OF FIVE: MON 2 REAL.
CAPITA I.
Rest and Undivided Profits
24
BROAD
INVESTMENT
GOVERNMENT,
MUNICIPAL
Manitoba, Saskatchewan, Alberta and British Co¬
lumbia. Good facilities for effecting prompt collec¬
tions in Canada. Bn ,* and seU Sterling Exchange
and Cable Transfers. Issue Commercial and Trav.
elere’ Credits, available in any part of the world.
Bank ol
Geo. A. Fernaid & Co.
members Bouton Stock Exchange
BANKERS
AND
Municipal, Railway
and other
JACKSON & CURTIS
Corporation Bonds
BOSTON
BANKERS
NEW YORK
67 MILK STREET
36 WALL STREET
MEMBERS NEW YORK AND BOSTON
STOCK EXCHANGES
116 branches in the Provinces of Quebec, Ontario,
INVESTMENT
SECURITIES
Scotland,
1 Nassau
The
SECURITIES.
3,074,590
W, M. Ramsay, Agent.
A sen ih—Royal
NEW YORK.
CHOICE RAILROAD BONDS.
$<>,000,000
NEW FORK OFFICE: 63 and 65 Wall St.
London
STREET,
Sovereign Bank of Canada
Street,
19
H. W. POOR & CO.
Oongress Street,
New York
Boston
INVESTMENT
SECURITIES
71 Branches Throughont
the
Dominion
Homer Loring
NEW YORK. AGENCY, 25 PINE STREET
S.D. LORING &
fforetcm
The English Association of American
Bond & Share Holders? Ltd.,
5
GREAT
WINCHESTER
STREET
LONDON.
Agent In England for American and
Canadian Railway ana Industrial Companies.
Aots
as
Trustee* A Directors
Alfred W, Smithkhs,Chairman
Lord Welby, w. Li m>ley, T. Reynolds-London
T. P. Fowler—Atm York
Tbs Association's Agents in America and Canada are
Tbe Morton Trust Co. and the Bank of Montreal.
THOMAS LINDLEY
S. D. LORING,
l
C. Sidney Shepard, >
a. a.i.1
special.
SON,
NEW YORK
BOSTON
33 Wall Street
33 Congress 81
BANKERS,
64 Devonshire Street,
.
.
Boston.
Tucker, Anthony & Co.,
BANKERS A BROKERS,
INVESTMENT BONDS.
S3 STATE
STREET,
BOSTON.
Secretary
Members Boston and New York Stock
VAN
THE
OSS
& CO..
HAGUE, HOLLAND.
Kissel, Kinnicutt & Co.
1 Nassau
Street, cor. Wall, New York.
Foreign and Domestic
Place American Investments in Eurooe.
BANKERS
Tel. Address, Voco.
Code*. Uiirttield’s Wall St., \V. U. & Lieber.
Wennink,
BANKERS.
Vo. 20 Nassau
CABLE TRANSFERS
COLLECTIONS MADE ON ALL EUROPEAN
POINTS
INVESTMENT SECURITIES
Forelgu Concluded on next pave
NEW
YORK
Investment
Bills ot
Exchange.
Securities
BANKERS,
and 46 Wall St., New York.
INVESTMENT SECURITIES.
New York.
-
High-Grade
BANKERS,
44
Street,
Stock Exchange.
BERTRON, STORRS S GRISCOM.
H. AMY & CO.,
ISSUE
THE FINANCIAL REVIEW
1907
Price, $2
COMMERCIAL ft FINANCIAL CHRONICLB
CO.,
BANKERS,
PARIS.
contains a five-year monthly range of prices
for stocks and bonds and other valuable sta¬
tistics
SIMON BORG &
Members of New York
BILLS OF EXCHANGE
Jordaan Cohen &
Exchanges.
Land Title
Building,
PHILADELPHIA.
40 Wall Street,
HEW YORK.
.
Letters of Credit.
INVESTMENT SECURITIES,
VI
THE CHRONICLE
fjfurjeigtt.
laultcrs ami grofeers nttlsifte
National Bank of Cuba
Havana, Cardenas, Cienfuegos, Matanzas, Santiago,
Manzanillo, Sagua la Grande, Caibarien, Guan¬
tanamo, Santa Clara, Pinar del Rio, Camaguey,
Galiano Street, Havana, Cuba.
GENERAL BALA.VF SI I EE I 1 >1 .< 'EM HER 31 1000.
ASSETS.
Cash—
In
\
jnilts.
$4,130,004 S3
.
Banks and Bankers
548,100
Bonds and Stocks Owned—
Government Bonds
.$2,585,135
City of Havana Bonds..
1,090,255
Other Bonds and Stocks..
88,003
Loans. Discounts, Time Bills, &e
Furniture and Fixtures
Bank Building
.
.
59 $4,083,234 42
82
24
33
Sundry Accounts
Total
a
3,709,994 39
10.490,331 04
73.171 03
377,853 03
74.014 03
S19,471.029 14
Deduct $200,000 4%
January 1, 1907.
United States
Members of Phila. & N. Y. Stock Exchanges.
Investment Securities
of the
London Con
<hp
for the Brtish and
INVESTMENT
52
PHILADELPHIA
Foreign Markets.
NATIONAL
NEW YORE
Private
Wires, N.Y., Pittsburgh, Chicago
Drexel Building, Phila.
PHILADELPHIA.
WATER WORKS BONDS
Municipal and Corporation
Guaranteed Pnnrinal and Interest by
BONDS
PENNSYLVANIA TAX-FREE ISSUES
Members of
BANK
MILWAUKEE.
UNITED STATES
DEPOSITARY.
Capital and Surplus, $2,500,000
OFFICERS:
Fred Vogkl Jr., Pres.
henry Kloes, Cashier.
WM. BtOELOW, V.-Pros.
OSCAH KASTEN.Ast.Cnsb.
Fred. T. Goll, Y.-Bros.
K. J. Hughes Ass’tCnsb.
A. \V. Book. Ast.i'a«n
W. C. ITaas, Mgr. Foreign <fc Savings Dept.
Ladd &
PORTLAND,
special attention. Infor¬
mation cheerfully furnished
regarding present
holdings or proposed investments.
Street,
104 South 4th
Sena
for
our
Exchange Street. Providence, R. I.
Accountants
Building
PHILADELPHIA.
a
Members Philadelphia Stock Exchange.
Representatives of Spencer Trask & Co.
ADAMS
BONDS
FOR
BOSTON.
INVESTMENT
New York Office, 40 Wall & 37
Pin© ^ts.
PROVIDENCE.
JOS. B. MAYER, President,
YORK
Weeden &
11 Pine Street
Co.
Broadway,
New York
Speoui Department lor Bank Examination! under the
manatomeat of a National Bank Examiner of
many ream’ experience
We will Purchase
Finance Electric Railways,
Lighting and Gas Properties
LARGE PROPOSITIONS PREFERRED.
STANDARD AUDIT CO.
30 Broad Street New York.
Tel, 4968 Broad.
NEW YORK
CERTIFIED PUBLIC ACCOUNTANTS
41-43 Wall St.
43-49
PERLEY MORSE, Pres.
JAMES PARK & C0„
CERTIFIED
HENRYC. DAVIS,Secy.
PUBLIC ACCOUNTANTS
\ Certified Public
^
ACCOUntantS
INVESTMENT
N.Y.N.H. & H.5% Notes; net 4^%
Tax-free; legal Ct. Saw Bks. & Trust;Funds
$1,000 Denomination, due 1911
56 Pine Street
NEW YORK
Telephone 4261 John.
of
with all the sureness of a
bond investment, you cannot do
better than recommend the stock
the American Telegraphonc Com¬
York,
booklet No.
BEADLE & MAXWELL
TAYLOR
EDWIN R.
CO..
for
their
CASE,
DEALER IN
Deben¬
Street,
illustrated
NEW JERSEY
SECURITIES,
15 EXCHANGE PLACE
Telephone 751.
JERSEY CITY.
„
TOPEKA.
Gas and Electric
ENGINEERS
NEW YORK
&,
,
pany.
Write 'to the Sterling
ture
Corporation, 56 Wall
New
K
NEW JERSEY.
IF your client wants a good SPECU¬
LATION
SECURITIES.
HARTFORD
H.
52 Broadway, New York.
1S!) LaHalle Htreet, Chicago.
& CO.,
BANKERS.
Exchange PI.
Telephone 2269 2270 Broad
Certified Public Accountants
Company,
or
LOOMIS. 00NANT & 00.
COMPANY,
MEMBERS BOSTON SiOCK EXCHANGE
TRACTION. GAS & ELECTRIC
FINANCE CO.
Exchange Building,
Examinations and Reports
&
7 CONGRESS ST.
general banking business. Bonds,
Stocks and Looal Securities.
Private wires to
New York. Boston and
Philadelphia.
CERTIFIED PUBLIC ACCOUNTANTS
8S Bearer St.,
4th Street
BOSTON.
& Clark.
BANKERS,
Transact
(Pennsylvania)
Circular.
Richardson
25
MONTGOMERY
PHILADELPHIA
| 25 South
PROVIDENCE
.Accountants.
ROSS BROS &
Street,
BANKERS & BROKERS
Philadelphia, Pa
-
HIGH-GRADE RAILROAD 4ND OTHER
corporation bonds and stock.
COTJVECTTONS GIVEN SPECIAL ATTENTION.
ROSE
Stocks and Bonds
BANKERS cV BROKERS,
OREGON.
Wilkinson, Reckitt, Williams &
Syracuse Rapid Transit
Dealers in
LYBRAND,
Exchange
Benj. C. Warnick & Co., Wurts, Dulles & Co.,
RESPONSIBILITY $5,000,000 00.
Transacts a General Banking Business.
Land Title
Members Philadelphia Stock
Philadelphia.
•iveataieiiia receive onr
Company.
JOHN H.McQUILLEN & CO.
STOCK AND
ESTABLISHED IN 1859.
Public
American Water Works & Guarantee
Hopper
& Co.,
BOND BROKERS.
28 South Third Street,
141 South 4th
Tilton,
H. b. Hopper,
Philadelphia 8tock Exchange.
Wm. G
BANKERS,
HO W,
Investment Securities
Broadway
Westling,
Jones & Emmett, Audenrie?...& J?,owker>
Land Title Building,
undent*.
%\\vfazxs
52
| PHILADELPHIA STOCK EXCHANGE
\ NEW YORK STOCK EXCHANGE
lCHICAGO BOARD OF TRADE
MEMBERS
PURPOSES
W. G. Hopper.
VRW
BANKERS.
Republic of Cuba.
31) Lombard Street, LONDON. E. C.
Wall Street
j. w. SPARKS & CO.,
Corner Chestnut and Third Sts.,
DEALERS IN HIGH-GRADE UNLISTED
AND INACTIVE LISTED BONDS
Purchasers of First Class Investment Securities
Certified
Bldg
PHILADELPHIA, PA.
Depositary in Cuba.
D. M. MASON & CO;
OF
112 So. 4th St. and 100-102 Girard Trust
j
131 South 5th Street
Co.,
HANKERS & BROKERS
BANKERS AND BROKERS
FOR
item TJork
Ross, Morgan &
Battles, Heye 6c Harrison
semi-annual dividend, pay¬
Depositary for the Funds
FIRST
& CO.,
Members Phila. and New York Stock Exchanges
Interest Allowed on Deposits.
Hew Tork Correspondents:
Lxxxiy,
PHILADELPHIA
PHILADELPHIA
321 Chestnut Street.
500.000 00
Total
CLARK
BANK KK£8,
203,735 22 $5,703,735 22
13.710,893 92
Deposits
able
E. W.
LIABILITIES.
$5,000,000 00
Undivided Profits
a
PHILADELPHIA.
$19,474,629 14
Capital
Surplus
[Vcl.
New
PRIMROSE & BRAUN,
York
City Bank, Trumt
Fire Insaranoe Stacks
5N New Street
-
NEW
rOttft
KANSAS
ana
I buy
any of the older fssuei of Kansas bon
D. H.
TOPEKA,
-
MARTIN,
-
-
KANSAS
v
THE CHRONICLE.
Feb. 16 1307
II
hauliers ami ^Brokers outside !Henr IXovU.
PITTSBURGH.
BUFFALO.
LOUISVILLE.
Buffalo Securities
Halsey & Halsey,
BANKERS
BOUGHT AND SOLD
DANN
ROBINSON.,
&
Members N. V. Stock Exchange
ESTABLISHED IStfJ
BROKERS.
AND
ROBINSON
LOUISVILLE.
Bankers,
INVESTMENT SECURITIES.
OF
NEW YORK AND
MEMBERS
PITTSBURGH STOCK EXCHANGES
EXCLUSIVE PRIVATE WIRE
Broadway
BUFFALO OFFICE, 1000 Eillcott Square
NEW VOUK OFFICE, 111
MEMBERS NEW YORK STOCK
EXCHANGE
Wood and D im o n ci Sts.,
L.
Banker and
Broker.
INVESTMENT SECURITIES
DEALERS IN
Bailway Issues
Member Louisville
New York
a
Mock
Bankers and Brokers
410 Wood St.,
Correspondent. MILLER & CO.
YORK, PHU-iA DELPHLA, CHICAGO AND
PITTSBURGH STOCK EXCHANGES AND
CHICAGO BOARD OF TRADE.
Davenport & Co.,
PITTSBURGH,
RICHMOND. VIRGINIA.
Investment Securities
BONDS.
Established 1850.
Correspondence
solicited
Information
and
PITTSBURGH
-
MEMBERS:
NEW
BANKERS AND BROKERS,
BUFFALO, N. Y.
Local Mocks.
Henry Sproul & Co.,
exchange
RICHMOND.
GEORGE R. TELLER,
PITTSBURGH
Established I860.
Specialty
SECURITIES
LOCAL
OTHER
DUNLAP,
lOH-VlLLE, KY.
Street
BUFFALO, NIAGARA FALLS AND
MILLER & CO.
N.Y Correspondents: KELLEY,
JOHN
MEADOWS, WILLIAMS & CO.,
BROS.,
nished about Southern State. Municipal and
road Investment Securities.
Reference—bank of New York. N. B. A.
fur¬
Rail¬
PA.
Established 1871.
WTiitney, Stephenson & Co.,
STOCK
BROKERS,
FK1CK BUILDING.
Oldest Pittsburgh Members N. Y. Stock Exchange
NASHVILLE.
ROCHESTER, N. Y.
ROBERT
Dealer in
BONBEIGHT & HIBBARD
100 Powers
Building.
York Stock Exchange.
Rochester Stock Exchange.
NASHVILLE STBEEx BY. SECURITIES
CUMBERLAND TELEPHONE STOCK
GOULD1NG
C New
Members:
s
MARR,
NASHVILLE, TENS.
(Chicago Board of Trade.
SPECIALISTS ROCHESTER SECURITIES
Telephone and Street Bailway
Securities.
NASHVILLE,
-
Of LIMA,
MOSS & COMPANY MOTTU &
HANKERS
BONDS
SCHLEY
CHAS.
&
CO.,
•
•
Dealers In Southern Investment Se¬
curities oi Every Description.
W
J. F
WILD & CO.,
Bankers and
Otto Marx & Co.
BANKERS
Brokers.
Municipal and Street Railway
Securities—A Specialty
-
STOCKS
Members Indianapolis Stock Exchange
Bank
Bldg.
c
of Pittsburgh. Pa.
INDIANAPOLIS
L. L. M’Cieliand,
Sec. A Treat).
AUGUSTA.
John W. Dickey,
BROKER,
RONDS.
AND
Birmingham,
-
AUGUSTA, GA.
SOUTHERN SECURITIES.
WILLIAM E. BUSH,
BANKERS AND BROKER*,
INVESTMENT
AUGUSTA, GA.
CORRESPONDENCE SOLICITED.
Investment Securities.
New
York
Office*
11
ATLANTA
BONDS.
Wall
Street.
KANSAS CITY. Mo.
DARWIN G.
f K. 0.
dealers
IN
i Local
SECURITIES, NEGOTIATIONS.
LOUISVILLE.
City. Mo.
Ry. & Light Securities
Bank Stocks
JONES,
ATLANTA, GA.
Thornton, McGrum & (Jo.,
Kansas
SECURITIES,
Alabama.
-
LOCAL STOCKS AND
Investment Securities
American Nat
Securities Co.
BROKERS,
Steiner Brothers,
INDIANAPOLIS.
JOS. T. ELLIOTT & SONS,
AND
Birmingham, Alabama.
OLDEST BOND HOUSE IN INDIANA
12.5 E. Market St.,
Municipal and Corporation
ASHINGTON, D. C.
408 Colorado Building.
WISCONSIN
INDIANAPOLIS
BONDS
ikO STOCKS)
Hugh MacRae & Co.,
ESTABLISHED 1830
MILWAUKEE,
Co.,
PITTSBURGH.
INVESTMENT
James 8. Kahn,
President
MUNICIPAL.
COR FOR V TE
«&
Pittsburgh Stock Exchange.
INVESTMENT SECURITIES.
COMPANY
AM)
and
Black
Alciuoerj
PAID-UP CA PITA L. $200,000
R. M. FRIEND
BONDS
W. J.
Correspondence Solicited
WILMINGTON, N. C.,
MILWAUKEE
Avenue,
PITTSBURGH, PA.
BANKERS,
DETROIT, MICH.
CHAS. SCHLEY
PERU.
NORFOLK. VA.
Municipal and Corporation
UnlonTrmt Bide.,
240 Fourth
VVe Bay and Sell
Mtge. 5%% Bonds.
1st
DETROIT. MICH.
EXCHANGE,
a specialty of all the Securities of
great Pittsburgh District.
Columbia Bank Bid?.,
RAILWAY COMPANY.
URBAN
HALL,
STOCK
We make
the
FOR SALE
Rochester Securities
E.
TENN
-
^SOUTHERN.
BANKER
W.
PITTSBURGH
LANDIS BANKING CO..
Dally Lists Mailed on Application.
4f% to 6% Bonds
MYRON W. GREENE
MEMBER
C.
J. J. B. HILLIARD 8l SON,
{ Kans .& Mo. Municipal Bonds
LOUISVILLE, KY.,
BANKERS AND BROKERS.
NEWTON TODD
TRACTIONS AND
LOCAL STOCKS AND BONDS.
Fletcher Bank Building, Indianapolis.
A.
STOCKS
Strassburger,
AND BONDS BROKER.
Southern Investment Securities.
MONTGOMERY, ALA.
INVESTMENT BONDS.
STREET
RAILWAY SECURITIES
A Specialty.
Correspondents, EX. NORTON A CO., N. Y.
Till
THE CHRONICLE
| VOL
LXTJIV.
jankers and |3rokcts outside 3Xciu ^ork.
CINCINNATI.
CHICAGO.
Bartlett, Frazier
WEIL, ROTH & CO.
&
CINCINNATI.
4.
Municipal, County
Corporation Bonds suit=
G.
EDWARDS
Carrington,
&
SONS,
STOCKS AND BONDS,
GRAIN AND PROVISIONS.
STOCKS AND BONDS,
BROAD STREET
NEW YORK.
WESTERN UNION BLOC. CHICAGO.
410 and 412 Olive Sti eet,
25
Dealers in
and
ST. LOUIS.
MEMBERS:
NEW YORK STOCK
able for safe investment.
St. Louis.
EXCHANGE
CHICAGO STOCK EXCHANGE,
CHICAGO BOARD OF TRADE.
T1
Broadway,
NEIV YORK.
PttiVA'l'K WIRES.
W. E. HUTTON &
INVESTMENT BANKERS
CO.,
A.O.Slaughter Jr.&Co.,
STOCK.
Successors to A. O. SLAUGHTER &
CO.,
Companies.
CHICAGO. ILL.
CINCINNATI,
-
NEW
OHIO.
-
if embers
ISSUE
t
Barney & Smith Car Co. 5% 1st Mtge. Bonds
Dated July 1. ]90d.
Price
MONROE STREET,
DEALERS IN
New York (Stock
New Yrork Cotton Exchange.
Exchange,
New York l.’ollee
Exchange,
New York Produce
Exchange.
Chicago ^tock Exchange,
Investment Securities.
Chicago Board of Trade,
Merchants Exchange,
Due July 1. 1930.
St, Coiiin
J02H-
FRANCIS, BRO.&CO.
EDGAR FRIEDLANDER
BROKER
AND
CINCINNATI,
DEALER
-
214 N. 4th
OHIO
-
We have at all times lar^e
amounts of Hic^h Grade Muni¬
cipal and Corporation Bonds
COLUMBUS
WHITE, WAGNER
STOCKS
AND
&
CO.,
COLUMBUS
STOCK
are
EXCHANGE
Member* New York Stock
St.
to 5%, which
suitable for the investment
be available
as
collateral.
W. B. McKeand &
Municipal and Corporation
The Rookery
BONDS
Investment Securities.
Cor¬
Co.,
WHITAKER & CO.,
Chicago.
GROUND FLOOR EQUITABLE BUILDING
Investment Securities
SEATTLE. WASH
E.
PRICE,
and Corporation
BONDS
BANK
STOCKS
COMMERCIAL
PORTLAND. ORE,
PORTLAND
COAST
SECURITIES
LOS
A
SPECIALTY
& DICKEY CO
MINNEAPOLIS, MINN.
PlilVAlE WIREc ro
principal markets
300 N. 4th ST.
ST. LOUIS
G. H. WALKER & CO.
307 North 4th
BOND*
MUNICIPAL
and
GEO.
Paper
MINNEAPOLIS,
LANE,
and Investments.
-
LOUIS, MO.
Umis <tocK Exchange.
DEALERS IV
Government Bonds and o.har
Investment Securities.
MINN.
-
Street,
^ew York Stock Exchange,
)gt
AKmhora I
Members
CLEVELAND.
CALIFORNIA BONDS
ST.
CORPORATION
B
Commercial
4NGELES.
Municipal, .School District
St. Louis Securities
Sts., Chicago,
WELLS
BONDS
PACIFIC
PAPER,
to
MINNEAPOLIS.
PHILADELPHIA
Municipal and Corporation
Co.,
(INCORPORATED.)
S, W. Cor. Monroe & La Salle
MORRIS BROTHERS
Special Attention
A. G. Becker &
Banker A Broker,
Municipal
Exchange,
Kxcliaiige,
Stock
respondence invited.
William E. Sweet & Co.,
JOHN
Louis
Chicago Stock Exchange.
oftrust funds and would alwavs
DENVER. COL
Street,
ST. LOUIS.
yielding from 4%
BONDS
Miscellaneous Securities in all Markets
MEM HER;-
( New York
ork Stock Exchange.
1 Chicago Stock
S
Exchange.
J !*t. Lout*. Slock Exchange.
( Chicago UBoard ol Trade.
BROKERS,
Bonds and Stocks of Ohio
139
Member*:
and Corporation
THEY PAY A BETTER RATE OF
INTEREST
THAN BONDS OF THE SAME MERIT
ISSUED
IN THE EAST
Correspond with
Co.
Investment Securities
us
Adams-Phillips Co,
JLOSANIiEL.ES,
Hayden, Miller &
Citizen*
CAL.
Building.
CLEVELAND,
BALTIMORE.
William Wilson «fc Sons.
Established 1802.
Wilson, Colston
Wilson, Colston
Members of Baltunore Stock
O.
& Co.
Established 1867.
&
Co.,
Exchange,
BANKERS,
E.
WM. R. STAATS
CO.,
CALI FO It S I A M V N1 i I PA
L,
SCHOOL AND CORPORATION
MUNICIPAL AND
PUBLIC PHAN ClilSE CO itPOlt ATlON
BONDS
BONUS
TO
NE1
TO
A
b
PER
LOS ANGELES
FIELDING
Bought
CENT
PASADENA
J.
STILSON CO.,
SECURITIES,
INVESTMENT
MEMBER LOS ANGELES STOCK EXCHANGE
LOS
ANGELES,
W
and
Robert A.
Sold.
J. HAYES &
CLEVELAND, OHIO.
Fisher & Co.,
BANKERS AND BROKERS
SONS,
227 E. Gerniun Street, Baltimore
MEMBER* HALT
BOSTON, MASS.
Emery, Anderson
&
Co.,
CLEVELAND,
O.
MOCK KXf'H*NUr
OTTO JULIUS MERKEL
BROKER
44
INVESTMENT BONUS.
Garfield Building
Baltimore Street, Baltimore.
Investment and Miscellaneous Securities
*
specialty, and whole issues handled.
'aciiities tor dealing in all classes Exceptional
of Southern
3onds. Loans on Collateral Securities
negotiated.
AND
46
WALL
ST..
NEW
YORK.
INVESTMENT SECURITIES.
Correspondence invil
a
J?eb. 16
IK
THE CHRONICLE.
1907.J
Urn ^Jorh jgdojcfe ^schauge pauses
T. A.
C. I. HUDSON &
McIntyre & Co.,
CO.,
Nob. 34-36 WALL ST., NEW YORK.
BROADWAY
71
Members of New York and Chicago Stook Exchanges
MEMBERS:
New York Stock Exchange,
New York Cotton Exchange
New Orleans Cotton Exchange
Liverpool Cotton
Telephene 3070 John.
Association.
Direct wire connection Boston,
Chicago, and
New
Orleans.
FBIVATE WIRES TO PRINCIPAL CITIES
CORRESPONDENCE SOLICITED
Chas. Fairchild & Co.,
Branch Offices, 516 Fifth Avenue
Delmonlco’s and 305 Broadway
Members N. Y. Stock Exchange
20 WALL STREET AND 3 BROAD STREET
Robot H. Simpson
Effingham Lawrence
EFFINGHAM LAWRENCE & CO.
Members New York Stock
1
NASSAU
STREET
Exchange.
CORNER WALL.
Empire, 63d Street and Broadway
William M. Vance.
PRIVATE WIRES TO PRINCIPAL CITIE8.
We Make
ALLEN, Mc&RAW & CO.,
24 Broad Street. New York.
Specialty of
AND TRUST CO
STOCKS.
BA^K
P.
a
-
& Loeb
100 Broadway,
LADD & WOOD,
Members New York Stock
Cleveland
DEAL
W.
7 WALL STREET.
H. Goad by
and
Tel 5555 Broad.
CHICAQO, ILL.
Railway Exchange Bldg.
Postal Telegraph Bldg.
BRANCH OFFICES
Waldorf-Astoria, N. Y. C.
Williamsport, Pa.
Wllkesbarre, Pa.
Scranton. Pa.
Flatiron Building, N.Y.C.
2 East 44th St., N. Y. C.
St. Louis, Mo.
ButTalo, N. Y.
Cincinnati, O.
Cleveland, O.
Dayton, O
Detroit, Mich.
Eric, Pa.
Syracuse, N. Y.
Schenectady, N. Y.
Troy, N. Y.
.
Utica, N. Y.
Montreal, Can.
HARRIMAN&
CO.,
BUILDING, NEW YORK
BANKERS AND BROKERS,
Transact a General Banking and Stook
Business. We make a specialty
Exchange
of
Investment Securities.
BRANCH OFFICE, NIGHT&HAY BANK,
327 FIFTH AVENUE.
Newport Office: Audrain Building.
CO.,
18 WALL STREET, NEW YORK.
Established 1865.
MEMBERS OF NEW YORK 8TOCK EXCHANGE
Allow interest on deposits subject to sight check
Bnv and sell on commission stacks and bonds, and
deal in
GUARANTEED STOCKS.
CHARLES FEARON & 00.,
& Co.,
BROKERS,
BANKERS AND
Cotto
IN
Private wires to principal cities.
INVESTMENT SECURITIES.
NVESTMENT SECURITIES.
and
RAILROAD BONDS
Members of the New York and
Philadelpnia tetock Exchanges.
Exchange,
Stock
Board of Trade
Stock Exchange.
STOCKS, BONDS AND
527 Chestnut Street,
Philadelphia
New York
York
Q ANKERS,
Newburger, Henderson
j
New
Chicago
A. M. KIDDER &
N. Y. Stock Exchange.
J. Goodhart & Co
Exchange,
NEW VOUk
Exchanges,
Members
Members New York Stock
67 BBOAJDWAY,
Stanley D. MoGraw
Robert H. Allen.
Telephones 4255-4866-4267 Rector.
the
of
TRINITY
BRANCH OFFICE
Hotel
BROAD STREET
30
Members
MISCELLANEOUS SECURITIES
IN ALL MARKETS
Miscellaneous Securities
in all Markets.
New York Coffee Exchange.
New York Produce Exchange
Chicago Board of Trade
BROWN & CO..
A. O.
Wilson, Watson & Herbert, N0- 74 roadway, new yoek
Stock Exchange,
R. T. Wilson & Co.,
BANKERS,
Orders Executed
All Leading
on
Stock Exchanges.
Members
\
:
5
New York Stock Exchange
Phlluiieiphia. Stock Exchange
333 Chestnut St.,
PHILADELPHIA
Jas. Lorimeh Graham
Henry F. Ta rLoh
Members N. Y.
Orders Executed for Cash or on
Margin.
HANKERS
INTEREST ON BALANCES.
a
New VnrU.
GRAHAM, TAYLOR & CO.
SucceaaorM to
Lapsley & Co.,
INVESTMENT
BON *»S
DANK AND 17 HIT ST
SECURITIES
LOANS
COMPANY
J. Gr.
15 3KOAD STREET, N. Y.
Transact
Wall Street
General Banking and
Co.
Zacliry
BANKERS. 40 W all St., New York
Exchange Business.
EX. NORTON & CO.,
New York.
Ex-Norton, Mem.NY. StookEx. Gao. F. Naaaos
52 Exohange Place,
INTEREST ALLOWED ON DEPOSITS.
Private Wires to Cincinnati and
Chicago.
Branch Office. 500 Fifth Ave.
IN VESTItlNVr
SEf’LltrriKS
A. Lancaster & Sons
N.Y. Stock Kx.
R. B. Dodson, i
Fahnestock &
NO
10
YORK,
DEALERS iNT
INVESTMENT
securities.
INVESTMENT and MISCELLANEOUS
2 waiIl street.
SECURITIES.
Southern SecurltleM a
B00DY, McLELLAN&CO.
J.
ORDLKi* BXECUIED
For Investment or on Margin
G. WHITE
;
j
43-49 Exchange
Members
N.
Y.
Orders Executed for
Stock Exchange.
Cash
or on
Margin
&
CO.
for
i
Place.
-
NEW YORK
Investigations and Reports on ^Electric
Railway, Las, El-eiric Light, and
Power Transmission Properties
Financial Institutions
and Investors.
Electric Railways, Electric Light and Electric
Power Plants Financed, Designed and Built.
London
41 NEW STREET.
H. C.
RXCHaNGE
Edwin p. Campbell.
Hknkv G. Campbell,
Campbell & Co.,
11 Wall Street, New York.
Securities
Bought and Sold ou Com*
mission.
STOCK
7 WALL
BROKERS.
STREET,
53 STATE STREET,
NFW YORK.
BOSTON.
Members of New York and Boston Stook Exchanges
Private wire between the two offices.
Information given in regard to all Boston Securities
and quotations furnished.
las. H.
Engineers, Contractors,
JOHN H. DAVIS & CO.,
& CO.,
VIFM BFRS NFW YORK STOCK
Oiipbant & Co.,
BANKERS AND BROKERS,
STOCKS, BONDS and INVESTMENTS,
R. J. JACOBS
Specialty.
Httfltneers.
No. 57 Broa6wny, New Y ork City
Members New York Stock Exchange
Stock Exchanges
NEW YORK
Troy N.Y.
Branch Office,
_
BANKERS,
Members N. Y. and Phila.
<fc CO.,
Parkinson & Burr,
WALL STREET,
NEW
BROKERS AND DEALERS IN
BANKERS AM) BOOKERS.
NO. 10 WALL STUFF i',
18 WALL STREET,
BANKERS.
Co.,
To InMtliutions, Estates ami Private
Iuvewtora— i*en** for on* special circu¬
lar on “ I'lie P> eseni situation of flic
Investment Bond market.*’
F. JOHNSON
MEMBERS NEW YORK STOCK EXCHANGE.
*
T. j. MuMFOED.
S.
STOCKS
Stock
ACCOUNTS OF BANKS A BANKERS SOLICITED.
Wm. Fahnestock, Memb.
Wm. Sharp i.kggktt
MERCHANT®
COMMISSION
NEW YORK.
Hanover Bank Bid-.,
Howard
33
&
Correspondent:
20 Broad Street,
.
New York.
.
Telephone No.866 Rector
JAS. H. OLIPUAMT
FLOYD W. MUNCY
ALFRED L. NORRIS
J. NORRIS OLIPI [aNT
Members New York Stock Exchange.
W. R. THURSTOfe.
O. J. BRAND,
O. J. BRAND & CO.
Members New York Stock
Exchange.
74 BROADWAY.
INVESTMENT SECURITIES.
J. O. WHITE A DO., Limited.
9 Cloak Lane, Cannon St., E. C.
J. S. & R. D. bARLEE,
Canadian Correspondents:
BROKERS AND DEALERS IN
CANADIAN WHITE CO., Limited.
Montreal.
Principal
Philippine Office, Manila, P. I.
WEMBER8 NEW YORK STOCK
INVESTMENT
EXCHANGE.
SECURITIES.
11 WALL STREET, NEW YOR11
THE CHRONICLE.
Cttvrenl S ntt
VOL. LXXK1V.
Enquiries
$20,000
Sunday Creek Co. Coll. 5s, 1944
Sunday Creek Coal Co. 1st 6s, 1912
Lex. Ave & Pavonia Ferry Railroad
1st 5s due 1993, to yield
$10,000
Continental Coal Co. 1st 5s, 1951
Kanawha & Hocking Coal Co. 1st 5s, 1951
Bleecker St. & Fulton Ferry Railroad
1st 4sdue 1950,
yield nearlv 4^%
to
$10,000
42d St. Manhattanv. & St. Nich.Av
Ry.
1st 6s due
Pittsburgh Terminal RR. & Coal 5s
Pleasant Valley Coal Co. 5s, 1928.
1910, to yield 4%%
20 Shares
Grand River Coal & Coke 1st 6s, 1919
Christopher & 10th St.RR. (NY. City)
(Tax
exempt)
8% Guaranteed Stock,
yield 4.65%
Rocky Mountain Coal & Iron 5s, 1951
New Mexico Ry. & Coal 5s
G. W. Walker & Co.
Dawson Coal & Ry. 5s
BANKERS
to
Jj£3
AND
ALL
Telephone
STEAM
RAILROAD BONDS DEALT
IN
3945
BY
25 Brood ftt.
New York
Broad
Interest Allowed
F.
J. LISMAN & COMPANY,
ft
PEC IA LISTS
IN
STEAM RAILROAD
NEWBORG & CO.,
SECURITIES
44
Members N. Y. Stoek Exchange
30
BROAD
Deposits
on
46
BROADWAY, N. Y,
45 NEW 8TRKET.
STREET, NEW YORK.
Members New York stock Exchange.
Land Title & Trust Co.
Building, PHILADELPHIA
Boulevard, CHICAGO
Mutual Building, HARTFORD
169 East Jackson
404 Connecticut
New York C»ty
4«, 1956
Allia-Clialmerg 5a, 1936
Short-Term Note*
TO
NET OVER 6Tr
LIB BEY & STRUTHERS
Kansas
City So. 5% Notes
Lackawanna Steel 5% Notes due 1910
Lackawanna Steel 5% Notes due 1909
Minn. & St. Louis 5% Notes
Southern Railway 5% Notes
Wheeling & Lake Erie 5% Notes
A
A. LISMAN &
30 Broad Street
New York
stock markets.
Central RR. of New
PROCTER
&
Equitable Building,
CO.,
Central Pacific
Mobile &
Birmingham 4s
Georgia Consol. 5s
Westinghouse Convertible 5s
BORDEN
New York.
MATURING
BONDS
Write
ready for delivery
Chesapeake & Ohio 4%s, 1992
Minnesota Transfer 5s, 1916
Beech Creek Coal & Coke 5s, 1944
Providence Securities Deb. 4s, 1957
call for
Lincoln &
18
COMPANY,
our
BONDS
Company
WALL ST., NEW
EQUIPMENT NOTES.
St. Louis Iron Mt. & Southern 5s
BECKER &
Cable Add. "Beckater,”
Hartshorae, Bogert & Battelle,
25 Broad Steet,
New York.
160 St. James Street,
Mon rreal,
Canada.
Telephone No. 6480-1-8 Broad
BONDS
AND
ALL ‘ UNLISTED
H1BXR1BU
SECURITIES.
W. E. R. SMITH &
20 Broad Street
New
CO.,
York,
Thomas L. Manson &
C&,
STOCK BROKERS
Mtahri of N. Y. and Bostoa Stock
Exchange
71
Broadway,
NEW YORK
-
Tel. 2it0 Rector
Rhoades
STERLING,
Tel. 985-986-987
WANTED:
Short-Time Canadian Provincial
Bonds
YORK.
Chesapeake
& Ohio 5s
ip(
Oregon RR. & Navigation 4s
Commercial Cable Bonds
Book E 4
Chicago Rock Island and
Pacific Railway.
34 Pine Street, New York.
Tel. 6100-1-2-3-4-5 John.
New York & Jersey 5s
New York Central Deb. 4s
"NBWROSB.”
February Circular No. 272.
Thompson Connellsville Coke 5s, 1931
Detroit Rwy. Cons. 5s, 1916
Consolidated Rwy. Deb. 4s, 1956
&
or
‘INVESTORS’ MATURING BONDS.’
with comparative tables—a useful
book for bond buyers. We also Issue
on
request a list of railroad and
other bonds-suitable for Invest¬
ment and of the best
security. Fully
described In our
OFFFR
COFFIN
Cable Address:
Members New York Stock Exchaire.
[Price to net better than 6%
'
Broad.
Central of
3-year 5% Gold Notes
now
Telephones
3.Js
Louis & Nash. Unified 4s
25 Broad St.
SOUTHERN RAILWAY
Actual Notes
Jersey 5s
Norfolk & West. Ext. &
Inapt. Ga
Santa Fe Prescott & Phoenix 5s
Npechilists in Uncurrent Issue*.
Tel. 5950-1-2 Broad.
Deal in Bonds, Stocks and Investment
Securities and transact an
arbitrage
business with the principal
European
Rector.
&
Company,
Private Wires to Boston. Hartford, New Haven aad
Philadelphia
7 Wall St., Corner New St.,
NEW YORK.
18 Wall St., New York
Telephone 1135 Hector.
SAUNDERS & JONES
Connecticut Traction Bonds
BAKER, AYLINC
&
COMPANY
Investment Bonds
Land
Title
Building
PHILADELPHIA
50
Congress Street
BOSTON
SB WALL ST.,
-
NEWYOBK
Bellingham Bay & British Col. 5s, 1932
Wyandotte & Detroit River 5s, 1918
York Haven, Pa., W. & P. 5s, 1951 C
Danville Urbana & Champaign 5s, 1953
Pittsburgh Comp. 1st & Coll 4y£s, 1919
M.
DESCRIPTIVE CIRCULARS SENT ON APPLICATION
-
WOLFF,
Cable Add. "MOWOLF" 27 William St., N Y
Phones: 6567-6558-6559 Broad
'
r‘-''
XI
THE CHRONICLE
Feb. 10 1907.
ivuiuivies.
©ivevent Ho ml
5609218—Choemnsta.pke
BROOKS
DEALT IN
| SCRANTON
1995
Mortgage Guar 4s, due Jan.,
Citv of Greensboro, N. C., -Is, 1954
City of Mobile. Ala., 4 V£s, 1039
Somerset Car Trusts,Tax Free in Pennsylvania
Poughkeepsie Light, Heat & Power Co. 5s,
1921
Co.
Correspondents: Edward B. Smith & Co
Members N.Y.and Phila. Stock Exchanges
104 SOUTH O V
LVERT ST.,
KALTinOKK,
Members of Baltimore
Co. 5s
Hudson River Water Power Co. 5s
Hudson River Electric
Marshfield, Wis., 6s
St. Louis & No.Arkansas RR. Sec.
& CO.,
Specialists in Inactive Bonds,
if Aston.
St.Ry.N.Y,) ’19
1909
make studies of railroad
ami Industrial properties for the benefit of our
clients.
We will upon application
the following properties.
& Ohio Dividend
Broker
Southern 5s
A. N. CHANDLER
porations
carefully
selected
conservative investment
4U% to 554%.
Collat. 4s
JXfew York
Street,
20 Broad S*.
Louisville,
N
Y.
and
Lighting Co.
PARMELEE & CO„
20 Broad St.
N
Y.
Metropolitan Elevated Ry. 6s, 1908
Del. Lack. & West. 7s, Sept. 1907
Swift & Co. 5s
Austin, Texas, 4s & 5s
Gunnison County Colo. 4s
American Writing Paper 5s & Stocks
LewiT. Bruns. & Bath St.Ry.5s & Sk.
5? State St
A, E. Philbrlck
.
<3c
CO.,
BOSTON. MAS"*.
J.WiUetHall
E. Tworger
PHILBRICK & HALL
BANKERS & BROKERS
Members New York
Stock Exchange
*5 Bioad St.. N. Y.
Tel. 4301-3 Broad
PINE
STREET,
TELEPHONE
Lexington Ave & Pavonia Ferry 5s, *93
Metropolitan Elevated 6s, 1908
Merchants’ Exchange National Bank
Carnegie Trust Co.
Steel
5s
Chicago & North Western Divs.
International Navigation 5s
Kansas City Southern Notes
Morgan’s Louis. & Texas 7s *
St. Louis & San. Francisco 4^s, 1908
Rosen, Stillman & Co.,
members N. Y. Stock
Pine Street,
NEW YORK.
237 JOHN.
New York Oity
Exchange.
Tel. 4640 John
WANTED:
Richmond Pass. & Pow.0o.5sor ctfs.
Jersey Oity 6s, April, 1916
&
DENNING
MAGOFFIN
49 WALL »»., NEW
H. P-
,
YOUk.
Taylor & Company
We
Bay
Philadelphia Company Of Pittsburg
UNDERLYING SECURITIES!
United Gas & Elec. Co.of N. J.lst 5 s
Bay City Gas Co. 1st 5s
Consolidated Gas Co. of N. J. 1st 5s
Muncie Hartf. & Ft.Wayne Ry. 1st 5s
Toledo Tract. Consol. 5s
Rockford Gas Lt. & Coke Co. 5s
GEO. P. BI6SELL,
Kansas
International Silver prefered
International Silver common
Philadelphia, Fa.
City & Pacific 1st 4s, 1990
Ferry 1st 5s, 1946
Hoboken
FOR SALE
Internat. Silver Debenture
Will
PITTSBURGH
118 South Fob rth St.
WANTED
6s, 1933
FREDERIC H. HATCH,
Securities of Railroads and other
Corporations in the Untied 8tates and elsewhere
U. S. Steel 1st 5s,
1951
SNIDER,
LEONARD
Dealer In Unlisted
TeL 1110 Broad.
Wanted
Union
Jester & Co.,
27
Inactive Stacks and Bonds
MASON
W.
MORTGAGE 6% RAILROAD, «AI
AT PRICES »•
NET 8)4 TO 5)4%.
List upon AppHmWtm.
WATER* BONDS.
56 William Street
Telephoned 50 J hn
F.
PHILADELPHIA,
948 Foarth Avenues
WILLIAMSON,
W. A.
YIELDING 6 PER CENT.
Dealers In Unlisted
THE BOURSE.
NEW YORK.
BOND HOUSE #F
Connecticut Railway &
Securities
BONDS
C. L.
KXOHANGUL
International Traction of Buffalo
other Traction Securities
OFFER
Tel. 910-1 Rector
& CO.,
S. C. HENNING
New Orleans Ry. & Light Securities
Springfield Ry. & Light Securities
PATERSON & CO.,
WE
Ill BROADWAY
FIRST
NET
HO Pin©
& CO.
BANKERS.
MEMBERS NEW YORK STOCK
Lexington Ave. & Pav'onia Ferry 5s
Union Railway (N.Y.) 5s
INVESTMENT
FOR
SpecJaliHtH In
Service Cor
New York.
“Tel. 1983-6 Rector.
BONDS
AND
Corporation Bonds and Stocks
Exclusively.”
Tel. 37S5-3783 Rector
20 New St., N.Y. City
Erie, Pennsylvania
1Rect0r
Nortlieusteru Pennsylvania Securities
Public Service
St. Louis Iron Mt. &
Telephones
YORK.
Bickmore & Co.,
BONDS of Public
TO
1927
Jacksonville Electric Co. 5s, 1927
LEONARD F. HEPBURN,
ST., NEW
NASSAU
5
send our circulars on
BANKERS
for
Cons. Deb. 6s, 1909
1922
Kansas City (Mo.) Gas 5s,
Milwaukee Gas Lt. 1st, 4s,
“
BANKERS
brokers
RICHMOND, VA.
A. H.
27 Slate Street
Brooklyn Union Gas
Bankers &
MEGARGEL & CO.
& Ohio
B. &O., C. &O. and N. & W
C. & O. and N. & W.
Austin, Texas 4s and 5s
South Ferry 1st Gtd.os. (Met.
Cons. Gas Co. Conv., Deb. (is,
PHILADELPHIA
of Ga. Income Bonds.
Stock Kxchange.
H. C. SPILLER
1904 Manual of Northeastern Ponnayinnle
Securities. Now Out, Mailed free oa Request
Gar
From time to time we
Strother & Co.,
Sutton,
Pennsylvania Investment
Securities
SCJTT & STR1NGFELL0W
Cripple Creek 1st 5s, 1950
Colorado Springs &
PA*
HIGH GRADE BONDS
Northeastern
STREET, NEW YORK
WE OFFER:
-
DEALERS IN
BANKERS
25 BROAD
-
-
DY
Pfaelzer St
BOSTON
CO.,
BANKERS,
Spartanb. Union St Columbia
First
&
30 Broad
Tel. 1620 Rector.
66 BROADWAY
St. New York.
INVESTMENT SECURITIES
E. C. Stanwood St Co.
BANKERS.
96 MILK STREET
BOSTON
XII
THE CHRONICLE.
[VOL.
financial.
ffittattciaL
TS&EQU1TAB1E
Hudson Companies prefered
New York
TRUST COMPANY
NASSAU
Chicago & North West. Rights
STREET
Capital $3,000,000
Wadsworth &
Surplus $10,000,000
ALVIN
City Mock
Union Typewriter
OF NEW YORK
15
LXXXIV.
Wright,
Members New York Stock Exchange
W.
KRECH, President.
LAWRENCE L. GILLESPIE, Vice-President.
FREDERICK W. FULLE, Sec. and Treas
LYMAN RHOADES JR., Assistant Secretary.
HUGH M. WALKER, Assistant Treasurer.
2 Wall Street.
NEW YORK.
TRUSTEES.
C. F.
Adams 2d
John
C
Alexander
Frederick
W.
Lawrence
L.
B.
H.
M.
Alexander
Hugo Baring
b.
F.
T.
R. Coudert
Paul
W.
D.
H.
Cravath
Crocker
F.
H.
Dryden
Winslow
Fulle
Gillespie
Pierce
Hubbard
Bradish Johnson
V. P. Snyder
Otto H.
Gage E. Tarbell
Kahn
T. DeWitt Cuyler
William A. Day
Alvin
W.
L.
F.
Force
Henry C. Doming
M. Hartley Dodge
D.
H.
Paul
Krech
Sir William C.
H.
Moffat
M.
George
Morton
Ralph
R.
Henry S. Redmond
Lyman Rhoades Jr.
J. Henry Smith
Harriman
H.
S.
H. H. Porter
Henry
Van
L.
Horne
36
Congress Street,
Rogers
BOSTON.
Winthrop
Peters
NEW YORK.
New York
THE
AND
FEBRUARY
City Bonds
FINANCIAL REVIEW.
YEAR BOOK OF FINANCIAL / N FORM AT ION—282 PAGES.
Some of the contents
are as
follows:
years.
MUNICIPAL
RAILROAD
) 4%
CORPORATION
)
Selected
Iron and Coal—Production for a series of
years.
Gold and Silver—Production for a series of
years and
of Silver for three years.
conservative
investors.
Monthly Range of Price
Co.,
BANKERS,
BOSTON.
BAKER &, VAUGHAN,
BANKERS
AND
BROKERS
years.
for
a
FIRST
series of years.
1906.
England Weekty Statements in 1906, and the changes in the Bank
MORTGAGE
GOLD
Gas Bonds
Great Britain—Review of commercial and financial
affairs, with comparative
a
6%
Lawrence Barnum &
Foreign Exchange—Daily Prices in New York in
rate for
for
BONDS
f to
37 and 29 Pint Street
PHILADELPHIA.
MEW YORK.
Securities listed on the New York Stock
Exchange in 1906.
Money rates by weeks for past four years on all classes of loans.
Weekly Bank Statements in 1905 and 1906.
Crop Statistics for a series of years.
statistics.
Bank of
TAXES
LISTS MAILED UPON APPLICATION.
Retrospect of 1906, giving a comprehensive review of the business of that year,
with statistics in each
department, financial and commercial.
Bank Clearings in 1906, with
comparative statistics for 20 years.
Number of shares sold on the New York Stock Exchange in eac
in each of the past
20
Exports and Imports for a series of
Comparative prices of Merchandise
STATE, COUNTY
CITY
28.
1907 ISSUE.
A
CO.,
3 Nassau Street,
Wilson
EXEMPT FROM
READ V
&
BANKERS,
Walker
T.
DAY
20 BROAD STHEET.
NEW YORK
-
series of years.
Government Bonds—Monthly Range since I860 and Debt Statement.
State Bonds—Record of Prices since 1S60.
Railroad and Miscellaneous Bonds and
Stocks—Monthly Range of Prices for
five years in New York and for one
year in Boston, Philadelphia and Baltimore.
Description of Railroad and Industrial Securities,Record of Earnings,Dividends,
Railroad Construction, and other statistics for a series of
years.
.
WEBB
INVESTMENT
74
BOUND IN CLOTH
82 00
&
CO.,
SECURITIES.
BROADWAY, NEW YORK
COMMERCIAL Sc FINANCIAL CHRONICLE,
Pine
Copies
HODENPYL, WALBRIDCE & CO.,
Street, Corner Pearl Street, New York.
also be had from P. Bartlett, 513 Monadnock Blk.,
Chicago;
Edwards & Smith, 1
Drapers Gardens, London.
may
7 Wall
St., New York.
Railroad, Street Ry., Gas & Elec. Light
SECURITIES.
THE INTERNATIONAL BANK,
60
WALL
STREET,
Capital and Surplus,
.
REPUBLIC
N. Y.
.
Deposits.
$600 000
1,750,000
Payable in U. S. Gold Coin
BOUGHT AND SOLD
PER
ANNUM
RleinberM N. Y. 8tock Exchange
.
T. W. STEPHENS Sc
ON TERM DEPOSITS
2 Wall
THOS. H. HUBBARD. President.
J. S. FRAHON, Vice-President.
JOHN
Chicago & North Western Rights
SCHMIDT & GALLATIN
Facilities Afforded for Transacting
Foreign and Domestic Business
INTEREST PAID
5% Internal Bonds
YIELDING OVER 5%
Individual and Commercial Accounts Invited
.
OF CUBA
JAMES H. ROGERS. Cashier.
CHAS. S. LIPPINCOTT. Asst Cashier.
Street, New York.
BALTIMORE
Continental Building.
HUBBARD. Vice-President.
1
CO.,
CHICAGO
lat Nat. Bank Bldg.
Tel. No. 3200 Reotor
111 BROADWAY
MAX B. BORG.
Miscellaneous
Bonds
and
Curb
.
Securitfe*
A SPECIALTY.
BROAD 8T.
NIW YORK.
2306 RECTOR.
Feb. 16
xm
THE CHRONICLE
1907.]
financial.
gitmuctaL
CASURPLU8D $11,000,000
SEABOARD AIR LINE RAILWAY
Title guarantee
COMPANY
and TRUST
Brooklyn Banking Dept.
Examines & guarantees Real Estate
Titles,
Bond and Mortgage.
Loans Money on
Investors.
Furnishes Mortgages to
ReceivesDeposits subject to check, allowing
Interest.
Company Business.
Does all Trust
NEW YORK, February 7.
of Banking Interests.
EDWARD T. BEDFORD.
CLARENCE H. KELSEY.
EDGAR L. MAR8TON.
WILLIAM H. NICHOLS.
JAMES H. OLIPHANT.
CHARLES A. PEABODY.
JACOB H.8CHIFF.
JAMES SPEYER.
EDWARD O. STANLEY.
pany) and Willard V. King, maturing March 1, 1907.51
According to the terms of this arrangement, the Railway
Company Is to extend the bonds from
May 1, 1911, with Interest at the rate of five per cent per annum, payable semi¬
annually on the first days of September and March in each year (except that the final Instalment
shall be interest for two months, payable May 1,1911), at the office of The New York Trust Com¬
March 1, 1907, to
the lien of said Mortgage and Collateral Trust Agreement
to continue unimpaired.
Tile right to extend as above has been reserved to such of
HOWARD O. STANLEY Second Vico-President.
Manager BanRitig Department.
Vico-Preakteat.
CLEVELAND, Secretary.
ARTHUR TERRY, Treasurer.
J. WRAY
FRANK
L.
SNIFFEN, Manager Brooklyn. Banking
Department.
A. B. Leach & Co.,
BANKERS,
149
dated March 1, 1904, now securing
the said bonds
the present holders as
shall deposit
with The Continental Trust Company, Baltimore, Maryland, on or
At the time of such deposit they shall also receive a compensation In cash
their bonds for that purpose
before March 1, 1907.
of $20
for each bond.
the said bonds will be cashed at the time of the
surrender to The Continental Trust Company of Baltimore,
due March 1, 1907.
The Interest due March 1, 1907, on
the bonds for extension, upon
of the coupons
deposit of
Maryland,
SEABOARD AIR LINE RAILWAY
Hy ALFRED
CLARENCE H. KELSEY Precedent.
FRANK BAILEY, Vice-Preodnit.
CLINTON D. BURDICK, Third
1907.
This Company has made an arrangement with The Continental Trust Company of Baltimore,
Maryland, to extend the Issue of Its Mortgage and Collateral Trust Five Per Cent Three-Year Gold
Coupon Bonds Issued under Its Mortgage and Collateral Trust Agreement dated March 1, 1904, to
and with The Continental Trust Company of the City of New York (now the New York Trust Com¬
pany,
FINANCE COMMITTEE.
In Charge
TER CENT BONDS
NOTICE
176 Broadway, New York.
175 Remsen Street, Brooklyn.
198 Montague Street,
EXTENSION oFTHREU-YEAlt FIVE
WAI.TKE,
PRESIDENT.
HALT1MORK, February 7. 19*‘7.
prepared to receive at our office on and after February
11, 1907, any of the above-mentioned bonds of the Seaboard Air Line Railway for extension, and
to make ttie cash payment of twenty dollars ($20) on each bond, and also the Interest due March
1, 1907, as above Indicated.
The holders of such bonds desiring such extension should deposit the
same promptly at our office, Baltimore. In order that the extension agreement
and coupons for
Interest accruing thereunder may be attached thereto.
Depositing holders will receive receipts,
exchangeable for extended bonds as soon as the extension contract and coupons can be attached
thereto.
The right to extend such bonds will terminate on March 1, 1907, and after that date no
bonds will be extended.
All bonds not so extended will be purchased by the undersigned at par
on March 1,
1907.
Bonds not extended will not draw Interest after March 1, 1907.
The New York Trust Company, New York, and E. II.'Rollins & Sons, Boston, are authorized
Referring to the above notice, we are
to
accept deposit of the
bonds.
_
CONTINENTAL TRUST COMPANY
THE
By s*. DAVIKS WARFIELD.
PRESIDENT,
Broadway, NEW YORK.
BALTIMORE, MARYLAND.
140 Dearborn St.,
St., BOSTON
28 State
421
St.,
Chestnut
CHICAGO
PHILADELPHIA
THE NEW YORK TRUST
BROAD STREET
26
JOHN K. 1IAKUIS.
h. r. w i nth hop,
T.E. CUNNING
f
/
General Partners
AM'
j. A.KiPrEY, Special
Partner
Surplus and Profits, $10,941,994.
Capital, $3,000,000.
OTTO T. BANNA ISO,
Harris,Winthrop& Co
Bonds and
Stocks,
Grain
WILLARD V. KINQ*
ALEX. S. WEBB
J
JR., >
President.
FREDERICK J. HORNE, Secretary.
Vice.Pre8idcBt8,
MORTIMER N. BUCKNER,
COMPANY
HERBERT W. MORSE, 1st Asst. Secretary
ARTHUR S. GIBBS, ad Asat. Secretary.
Treasurer.
TRUSTEES.
MEMBERS
New York Stock
Exchange
Chicago Board of Tra ’e
Chicago Stock Exchange
Salle Street
CHICAGO
" 240 La
26 Pine Street
NEW YORK
PRIVATE
Bannard,
J. Reading Bertron,
ames A. Blair,
Robert W. deForest,
ohn B. Dennis,
Obert H. Gary,
7tto T.
Joseph P. Grace,
WIRES
William R Compton
Bond & Mortgage Co
MACON, MISSOURI.
(Established In 1880)
MISSOURI MUNICIPAL BONDS—
Certified
Send for latest circular
New York, Chicago, St.
Kansas City references
307
NOSTRAND,
36 WALL STREET,
Investment Securities
Aymar Sands,
Joseph J. Slocum,
John W. Sterling,
James Stillman,
Ernst Thrtlmann,
Myles Tierney.
P. A. Valentine,
Epler Block
(III.)
YORK
STREET
SAN FRANCISCO
Monadnock Bldg.
ST. LOUIS
Stock Exchange Bldg.
SEATTLE
4 Wardell
C. B. VAN
Public Accountants,
54 WILLIAM
CHICAGO
Tribune Bldg.
COMPTON, President.
Building
Edmund D. Randolph
Norman B. Ream,
NEW
Opinion Chicago counsel, full legal
papers furnished
We buy direct and handle nothing
on brokerage
Close buying, large volume and small
profit make our offerings attractive
R.
Ge-igeW. Perkins,
Job n S. Phipps,
E. Parmalee Prentice,
J amea,
Frederic B. Jennings,
Walter Jennings,
Chauncey Keep,
Woodbury Langdca,
attractive issues in sizes of
WILLIAM
James Parmelee,
F. N. Hofistot,
Arthur Curtiss
$2,000 to $100,000.
Louis and
John J. Mitchell,
James N. Hill,
B.
Jones, Caesar, Dickinson, Wilmot & Co.
School, City, County and Drainage
Our list gives a wide selection of
many
Gordon Macdonald,
Chas. W. Harkness,
PITTSBURGH
People’s Bldg.
MEXICO, D. F.
LONDON
MELBOURNE
Apartado, 3329
[ENGLAND]
3 Fredericks Place, E. C.
9 Queen Street
[AUSTRALIA]
THE
IN AUTOMOBILE
BATTERY PARK NATIONAL BANK EUROPE
A Tour for Business Men's Families
24 STATE ST.
(Opp. New Custom House.)
Shipping and Export Accounts Invited.
E A. Da LIMA. President
CALVIN TOMKINSAf .-Pres. EDWIN B. DAY.
GEO. 8. TALBOT. Asst. Cashier.
Cashier
Frw vacancies for desirable people tn small
private party.
Apply for particulars to
CAMILLE THURWANOER, N. E. Conservatory
BOSTON MASS.
THE CHRONICLE.
[VOL.
^ittauclal
TO
THE
POLICY-HOLDERS
OF
THE
NEW-YORK LIFE
INSURANCE
CO.
In order that you may
the Company at the close
AND
THE
INSURING PUBLIC.
know directly and officially the condition of
of 1906, the following facts are submitted for
information:
your
DURING THE YEAR THE COMPANY RECEIVED—
From
PoIicy=holders, .... $82,368,736 80
on investments, and
From interest
miscellaneous profits,
....
18,533,441 91
Total
$100,902,178 71
During the year the Company paid in Death Claims, 21,525,407 00
To living policy-holders, for matured Endowments,
dividends, surrender values, etc.,
23,446,011 00
....
Total direct benefits to policy-holders, 44,971,418 OO
During the year the legal reserve for the protection of
policy-holders increased
29,559,897 00
And the Company loaned to about 75,000 policy-holders
on the sole
security of their policies, at 5% interest, 21,571,734 00
DURING 1906 THE POLICY-HOLDERS RECEIVED—
In Direct Benefits, and in Cash Loans, the sum of $66,543,152, which
was
more
than
93% OF THE INCOME OF THE YEAR
after
setting aside the sum required by law to meet its future obligations.
policy-holders in 1907 will be over $6,000,000.
The Investments of the year were chiefly in bonds, real estate mort=
gages, and policy loans.
The dividends to
There
was a
material increase in the rate of interest earned
on
real
estate owned.
The investment of the year in real estate mortgages was the
in many years.
All real estate
In
a
mortgages are first
list of bonds whose par value
NOT
largest
liens based on our own appraisals.
is $346,945,919 00,
A
DOLLAR OF INTEREST WAS IN
DEFAULT AT THE CLOSE OF THE YEAR
The
Company’s mortality rate
was
lower in 1906 than in 1905.
THE
RATIO OF EXPENSES TO PREMIUM
INCOME WAS 5% LESS THAN IN 1905.
The year
1906
was a
period of trial.
It
was
calculated to test the
quality of every company. The New York Life Insurance Company
begins a new year with repeated and conclusive evidence of strength
and with increasing ability to do for its membership what its
policy
contracts call for.
A detailed statement,
showing the condition of the Company
as
of
December 31, 1906, and the transactions of the year, will be mailed on
request.
(By order of the Board of Trustees.)
ALEXANDER E. ORR, President.
LXXXIV.
XV
THE CHRONICLE
1907]
Feb. 10
^financial.
Wanted.
FINANCIAL.
WANTED—To establish relations with Trust
Co.or Banking House deaiingin Railway Securities
Have had twenty years’ experience in Railway
New Loan
Construction, Traffic and Operating
Now engaged as an Executive
Officer.
References in New York and in my own
section.
Extensive and intimate relations with
managing officials.
Address V. P., Chronicle
Office, P. O. Box 958, Nj Y.
Service.
departments.
We have
WANTED.—In the office of a weekly newspaper
a young man about 20 years of age for statisti¬
cal and general office work.
Must be quick
at figures and come well recommended.
Salary
to begin with. S10 per week.
Address, stating
age and experience, D. B. W., P. O. Box 958,
New
York
clerical
of
located at
as
department
Wilkes=Barre Coal Co.
6% Mortgage Bonds
payment of
bonds, the
undersigned have been requested to act as a
Committee to protect the Interests of the bond¬
holders.
A Protective Agreement has been pre¬
pared, copies of which may be obtained from
Default having been made In the
the interest on the above-described
in
The New York Trust Company, the Depositary
under the Agreement, No. 26 Broad St., New
undersigned. Holders
themselves
do so by
depositing their Bonds, with November, 1902,
and subsequent, coupons attached, with The
New York Trust Company, on or before March 1st,
1907.
Negotiable temporary receipts, subject
to the Protective Agreement, will be Issued by
Special circular giving
GUSTAVUS MAAS, J
& COOK, Counsel.
New
York,
price and complete
and other attractive issues
1, 1906.
Nov.
itself is in
information on this
will be mailed upon request.
Co.
Devitt, Tremble &
LOUIS &
ST.
of $1,500,000, while the value of the property
$1,000,000, or a total of over $2,500,000.
around
WALL AC H
RY. CO.
successful operation
$300,000 loan against security with such a valuation will ordi¬
narily be found only in a municipal bond netting the investor
4%. The First Mortgage Bonds of the Marseilles Land & Water
Power Company, however, bear this same margin of security over
bonded debt, and we are offering them to net over 5%.
Depositary.
INDIANAPOLIS
of
is in splendid physical
A
Dated, New York. February 8th, 1907.
OTTO T. BANNARD,!
SIDNEY C. BORG,
^Committee.
CHICAGO
excess
excess
York, or from either of the
of tlie above Bonds desirous of availing
of the benefits of the Agreement may
CINCINNATI
this issue has been in
condition; and has a present
capacity of over 10,000 continuous horse power, which is derived
from the flow of the Illinois River supplemented by that of the great
Chicago Drainage Canal. Six thousand horse power is sold under
twenty-five-year contracts to various well established and highly
responsible manufacturing concerns, and alone returns the company
yearly net earnings of about $50,000. This is nearly 33^ times the
annual interest charges on this issue of bonds and nearly twice the
amount required for both interest and serial principal payments
sufficient in amount to retire the entire loan at maturity. .
The form and character of the contracts now in force are such as
to absolutely guarantee the company during the life of this issue of
bonds a minimum yearly income equal at least to the present earn¬
ings.
The value of the guaranty thus placed behind these bonds is
for several years;
floticcs.
the
denomi¬
Land and Water Power Company
Marseilles, Illinois, 77 miles southwest of Chicago.
property securing
The
City.
New York &
ready for the market
Serial 5% Bonds ($500 and $1,000
i
Marseilles
Cashier, Bookkeeper or Manager
is desired by man of
many
years’ experience in investment and
stock exchange houses.
Best of references.
R. F. D., Box 1129, Boston, Mass.
SITUATION
recently purchased and now have
$300,000 First Mortgage
nations) issued by the
The undersigned, Sinking Fund Commissioners
tinder the C. I. St. L. & C. consolidated 6 per
cent mortgage, hereby certify that we have this
day made a drawing of bonds to be
to
Chicago
Bank Building,
First National
applied
Sinking Fund Account of November 1, 1906, in
accordance with provisions of mortgage, and that
bonds bearing numbers as follows, viz., 105, 216,
522, 855, 1098 and 1170, have been drawn for
57th ANNUAL
said bonds
such purpose, and that Interest on
shall cease from and after the 1st day of
1907, and the bonds taken up at 105 per
and accrued interest to said date.
W. H. NEWMAN,
,J. D. LAYNG,
May,
STATEMENT (Condensed)
cent
of the
Aetna Life Insurance Conpany,
HERVEY BATES.
Sinking Fund Commissioners.
HARTFORD, CONN.
To jl’casc
TO
commodious offices on the
First Floor of 56 Wall Street
extending through to Pine Street, with vault and
January 1, 1907.
large and
The
Street, now occupied by the
Corporation, who are soon to
Street, corner Maiden Lane.
Apply to WM. O. PLATT, 56 Wall St., R. 401
basement on Pine
London Assurance
remove to William
Fft* Mnlc.
first mortgage 6 per cent
gold sinking fund bonds of the par v lue of
$1,000 each in a brewing company earning over
five times the amount of the bond interest an¬
nually.
Price and full information will be given
to prospective purchasers.
Address B. W. G.”
care of Tile Commercial and Financial Chronicle,P. O. Box 958, New York City.
FOR SALE.—Fifteen
Real Estate acquired
Office Building
Endowment and
by the 3?£ per
460,000 00
cent standard
$71
Cash on hand anil in banks
7,265,582 14
Reserve,'not
Included
above
Special
Stocks and Bonds
28,125,611 41 Premiums paid in advance, and
Mortgages secured by Real Estate. 37,904,178 39
other Liabilities
Loans on Collateral
1,065,085 49 Unearned
Interest paid on Policy
secured by policies of
tills
Company
Interest due and accrued Decem¬
ber 31, 1906
Premiums in course of collection
4,865,946 33
Premiums (net)..
743,567 27
and Deferred
Value
Market
of Securities
cost
926,809 83
over
2,516,751 22
_
Total
The United States
Life
...$84,029,752 09
Assets...
,135,205 00
874,998 00
Loans.
Surplus reserved for special class of
Policies and dividends to Policy
holders not yet due
Losses and Claims awaiting proof,
and not yet due
Unearned Premiums on Accident,
Healtli and Liability Insurance.
Reserve for Liability claims
Surplus to Policyholders
—
83,051 82
121,543 58
866,013 66
606,568 43
I ,502,877 52
1 ,5 36,166 55
7 ,213,327 53
.$84,029,752 09
Total Liabilities
THE CITY OF NEW
IN
Issues
YORK
Gauranteed Contracts.
JOHN P. MUNN, M.D.,
Finance
men,
limited territory if desired,and secure
in addition to lirst year’s commis¬
sion, a renewal Interest insuring an income for the
future.
Address the Company at its Home Office,
for themselves,
New York City.
*
-
.
....
.....
Increase in
Total
Life Insurance in Force,
Accident Insurance in Force,
paid policyholders since
MOW’RY
National Bank
pany.for a
.
Policyholders,
Title Guar. A Tr. Co
whether experienced In life insurance
make direct contracts with this Com
No. 277 Broadway,
.
.
organization in 1850,
LIF E
Leather
Pres. Chemical
.
Increase in Assets,
Committee
CLARENCE H. KELSEY. Pres.
not, may
Total Income,
Increase in
President.
JAMES R. PLUM
PORTER
RECORD FOR 1906.
Paid
Insurance Co.
Good
5156,220 01
by foreclosure
Reserve on Life,
Term Policies,
1907
1850
or
LIABILITIES.
ASSETS.
Loans
WM. H.
President.
MORGAN G. BULKELEY,
LEASE
D EPA RTME NT.
'<
Cedar
Office, Continental Bldg.. 4‘ roadway.
Bldg., 1470 13
& PATTERSON
Managers Down-Town
HENRY AI. ECHLIN, Manager Up-Town Office, Johnston
MAX SAYMO.Y, Manager, 650 Broadway.
ACCIDENT AND
WM. J.
$18,304,835
8,934,936
4,782,247
10,504,669
9,795,746
162,635,344
61
73
77
00
00
06
Street,
LIABILITY DEPARTMENT.
GARDNER. Resident Sec’y N. Y. Branch, 46 Cedar Street.
FRANK F. EAGLES, Mgr.. Cor. Broadway & Chambers St.
ARNOLD <Jc CI, ELL AND, Algrs. Eastern Railway Department,
-Irving Iildg.. W. Broadway anil Chambers St.,
Now
York City
XVI
THE CHRONICLE
| VOL. LXXXiy,
financial.
Simdeuds.
THE
CANADIAN
PACIFIC
RAILWAY
COMPANY.
Dividends for the half-year ended
31st December,
1906, have been declared as follows:
On the Preference
stock. Two per cent.
On the Common
stock. Three per cent.
A further sum equal to
one-half of one per cent
on the Common stock will
be paid thereon at the
same time out of
Interest on the proceeds of land
sales.
NOTES
OF
-
Warrants for the common stock dividend
will be
mailed on or about
April 2d next to Shareholders
of record at the
closing of the books In Montreal,
New York and London,
respectively.
The Preference stock dividend
will be paid on
Tuesday, April 2d next, to Shareholders of record
at the closing of the books
at the
Company’s
London Office, No. 62
Charing Cross,
Standard Railroads
pay'
London,
S.W.
The Common Stock Transfer
Books will
close In Montreal, New York and
London at three
P. M. on Friday, March 1st.
The Preference Stock Books
will also close at
three P. M. on Friday, March 1st.
All books will be
reopened on Wednesday, April
3d next.
BY ORDER OF THE BOARD.
CHARLES DR 1 NKWATER,
Secretary.
Montreal, 11th February, 1907.
5% to G%
LISTS SENT ON
REQUEST
Plympton, Gardiner & Co.
Southern Pacific
2.
A semi-annual dividend of
Two Dollars and a
Half per share, being the
second dividend on the
common capital stock of this
has been
declared payable April 1, 1907company,
to the bearers of
Dividend Warrants No. 2, annexed to
certiiieates
representing such stock, upon presentation and
surrender of such warrants to the
undersigned
As¬
sistant Treasurer at the office of the
company, 120
Broadway, New York.
A. lv. VAN
DEVENTER, Assistant Treasurer.
New York, February 14, 1907.
BANKERS
27 William
Street, New York
232 La Salle Street
50
CHICAGO
Company
DIVIDEND NO.
CongreMM Street
BOSTON
UNION
PACIFIC RAILROAD CO.
Semi-Annual Dividends of
per share on the Preferred Stock.
$2 00
§5 00 per share on the Common Stock,
tills Company have been
declared, payable
at the Treasurer’s
Office, 120 Broadway, New
York, N. Y., on April 1, 1907, to stockholders
of record at 3 p. m. on
Friday, .March 8, 1907.
The stock transfer hooks will be
closed at 3
p. tn: on March 8, 1907, and will be re
opened
of
Cramp, Mitchell &
nounce
that
Shober
pending the
pletion of their
new
1403 Chestnut St
the
new
Girard
10 a. m. on
April 1, 1907.
Stockholders who have not
already done so
are
requested to promptly tile mailing
orders
for dividends with the
undersigned, from whom
blank orders can be had on
-application.
FREDERIC V. S. CROSBY, Treasurer.
at
an¬
com¬
bjilding,
AMERICAN
71
QUARTERLY
Co.
Building, they have removed
to temporary offices
in the
Real Estate Trust
Building,
Broad and
Chestnut
date.
The books of the
Company for the transfer
of Preferred Stock. Series
B, will be closed at 3
o’clock p. m.. February 21,
1907, and will re¬
open at 10 o’clock a. rn., March 4, 1907.
G. M. BORDEN,
Secretary.
Streets.
THE
in this age
of
-
a
age
of auto¬
The automatic system of
telephony bears the same relation to the manual
does to the horse car
Tt is the apotheosis of tele¬
as the electric car is of
transportation
car
phone development,
development.
The automatic telephone
system produces the best service more
economcially
than indifferent service can be
produced with manual equipment.
is
There
no more
question as to the relative popularity of the automatic and
manual telephone service where the two
kinds are in competition than there is
as to the relative
popularity of the trolley car and the horse car.
And, as for the securities—the same comparison
may be applied with the sam
results.
Our Automatic system has been
adopted la the following cltie
.berdeen, S. D.
Columbus. Ga.
Marianao, Cuba
.kron, Ohio,
Dayton. Ohio.
Marlon, Ind
El Paso. Texas.
.lbuquerquc. N. M.
Medford.
Wls.
.lieu town. Pa.
Fall River, Mass.
Mlamlsburg, Ohio
.uburu, Maine,
Ferguson. Mo.
Mount Olive. Ill
.uburn. N. Y.
Grand Rapids, Mlcb
New Bedford, Mass
tattle Creek. Mlcb.
Hastings, Neb.
Oakland. Cal
lelllnghum. Wash,
Havana. Cuba.
Ocean Park. Cal
terlln, Germany,
Hazleton, Pa.
Pentwater,
Mlcb J
tuxton, Iowa,
Hopklnevllle. Ky
Portland, Me
adlllac. Mich. ,
JoneBboro. Ark.
Portland, Ore
hampalim. Ill.
Lake Renton, Minn.
Princeton N J
hioago, ill,
Lewiston, Me.
Richmond Ind
lay ton. Mo.
Llneoln. Neb.
Riverside, Cal
leburne. Texas
Loe Anrelee. Cal.
Baa Diego, Ca
olumbua, Ohio
Manchester. Iowa.
San Francisco, Cal
Santa Moulea Cal
COMPANY.
Secretary & Treasurer.
Horse-Car Line
matics, if you want to make money out of the
telephone business?
PEOPLES
CiAS 5LI0HT
&
(of Chicago).
COKE
CO.
Notice is hereby given that a dividend of
ONE
AND ONE-HALF PER CENT lias
been declared
on the Capita! Stock of this
Company, payable to
the Stockholders on February 25th.
1907.
Tlie transfer books will close in New
York on
February lath, 1907, at 3 o’clock P. M., and will
reopen February 26th, 15)07, at 10 o’clock a. m.
L. A. WILEY,
Secretary.
HERBERT H. KNOX & COMPANY
Members New York Stock
30 Broad Street
We
-
-
-
-
Exchange
NEW
YORK
are
recommending for investment
a
first-class
railroad
stock
yielding
over 5%. which we believe
will largely
Sioux City, iemp.
South Bend. IDd,
increase
in
London
options
dealt
upon
request.
furnished
value.
in
Quotations
Spokane. Wash.
Springfield. Mo.
St. Mary's Ohio,
Tacoma, Wash.
Toronto Junction. Canada
Traverse City, Mich
Urbana, Ill.
Van Wert, Ohio,
Walla Walla. Wa
Watch Hill, R. I.
Wausau, Wls.
Westerly. R. I.
Wilmington, Del.
Woodstock. N.B. Canada
AUTOMATIC ELECTRIC CO.,
Morgan Streets
Van Buren and
CAR
.
of electric cars? Not if you wanted to make
money out of the business
transportation.
Then why should you start a manual
telephone exchange in this
system that the electric
BARNEY
Office of
&
SMITH
Dayton. Ohio. February 12, 1907.
A dividend of two per cent lias
been declared
on the Preferred stock of this
Company, payable
March 1
1907.
Transfer books of the Preferred
stock
will
close
February 18th
and
reopen
March 2d.
Also a dividend of one
per cent has been de¬
clared on tlie Common stock o'f this
Company,
payable March lfith. 1907.
Transfer books of
the Common stock will close
March 4tli and re¬
open March 16th.
Checks on New York will be mailed.
.). F. KIEFABER.
Philadelph ia,
February (6th, 1907.
You Wouldn’t Start
CO.
1907.
DIVIDEND NO. 7 PREFER¬
RED STOCK, SERIES B.
The
Board
of
Directors of the American
Smelters Securities Company
have this day
declared a dividend of 1 1 (on the Preferred
Stock, Series
B.
of
the
Company,
March 1 1907. to stockholders of record payable
on that
adjoining
Trust
SMELTERS SECURITIES
Broadway, New York Citv, Feb. 11.
CHICAGO, U. S.
A.
A
Financial
Or
a
Courtship
Plea for Conservative
Investments
(By Frank W. Rollins)
The above book will be furnished
without, cost on application to
E. H ROLLINS &
SONS, 21 Milk
St,, Boston.
ii'EB. 1C
THE CHRONICLE.
1907.J
ITU.
financial.
Manila Suburban
First
Railways Company
Mortgage 5% 40-Year Sinking Fund Gold Bonds
guaranteed Unconditionally as to
Principal and Interest by the
MANILA ELECTRIC RAILROAD & LIGHTING CORPORATION
BY ENDORSEMENT ON EAlH BOND
Dated
Due September 1, 1946
September 1, 1906
Interest
Payable March and September.
ISSUED
AUTHORIZED, $2,500,000.
,
$500,000
Principal and Interest Payable in United States Gold Coin in New York City.
Subject
redemption
to
any
on
interest date after September 1, 1928, and to purchase for sinking fund on and after
September 1, 1911, at not to exceed 105 and interest, at which price bonds can be drawn by lot.
Coupon Bonds $1,000 each, with privilege of registration as to principal.
NEW YORK TRUST COMPANY OF NEW
YORK, TRUSTEE.
APPLICATION WILL BE MADE TO LIST BONDS ON THE STOCK EXCHANGES OF NEW YORK
AND AMSTERDAM.
Railways Company lias been organized, with a capital stock of $500,000, by the Manila Electric
Railroad & Lighting Corporation, which controls absolutely the street railway, light and power system of the City of
Manila, to construct and operate suburban railway lines connecting with its present system, and to furnish electric lighting
and power facilities in the tributary territory.
The Manila Suburban
All of the
& Lighting Corporation, which has entered into
the Manila Suburban Railways Company.
capital stock is owned by the Manila Electric Railroad
agreement to guarantee both the principal and interest of the bond issue of
an
The bonds
now
issued
are
secured by a lirst mortgage on the electric
railway, equipped for passenger and freight
business, connecting Manila with the City of Pasig, and on the electric light and power system in the territory
The road passes through Camp ‘‘Fort William McKinley,”
United States troops in the Philippines),which has no other
provided by this
the
covered.
(the Government Reservation, and headquarters for the
lighting and quick transportation service other than that
company
The
population of the City of Manila is estimated at about 300,000, and the population of
new
line is estimated at over 40,000.
the territory reached by
EARNINGS.
The
as
earnings of the Manila Electric Railroad
&
Lighting Corporation, the GUARANTOR of these bonds, have been
follows:
Gross
Earnings
Operating Expenses,
Net
Earnings
Fixed Charges
_
_
..
,,
,
,
—
Surplus
These
1906.
1905.
/
..,$723,526
368,856
$910,172
,$354,670
195.109
$441,743
233,208
.,,$159,561
$208,535
surplus earnings arc applicable to payment of interest on the bonds now
charge.
468,429
offered, and
are
in excess of eight times
s
the annual interest
In
or
addition, it is estimated that the net earnings of the new
twice the interest
line upon completion will amount to $50,000 per annum —
charge.
office—from Mr. Charles
the Company, and Messrs. J. G. White A Co., the engineers and constructors of the property.
For further detailed information, we
M. Swift, President of
refer to letters—copies of which may be obtained at our
legal proceedings in connection with the issue of these bonds have been examined
Cravath, Henderson & dc Gersdorff, a copy of whose opinion is on file in our office.
All the
and passed upon by Messrs.
Special circular, copy of mortgage and map upon application.
Having disposed of a large amount of these bonds at
Price
we
offer the unsold balance.
92% and Accrued Interest, Yielding about
5%%.
ROSEN, STILLMAN & CO.,
OPPENHEIM & VAN TILL,
\
The Haihie, HOLLAND
private sale,
'
(TO,
30 Pine SI., NEW YORK
xvm
THE CHRONICLE
[Vol. lxxxiv.
Financial
$6,000,000
Ten-Year 6%
Sinking Fund Gold Debentures
of
Schwarzschild
NEW YORK
&
CHICAGO
Sulzberger Co.
KANSAS CITY
(Incorporated under the laws of the State of New Yorki
DATED
JUNE 1ST, 1906.
DUE. JUNE 1ST
Interest
1910
payable in New York, June 1st and December 1st.
Authorized and outstanding
__
$6,000,000
Subject to redemption by lo<. at I02‘5“lt and accrued interest, as per schedule below, unless the Compahy can buy them in the open market
102}^% and accrued Interest, or less.
The entire i.-sue or any part thereof subject to call upon four weeks' notice at 105% and accrued interest.
a
COLUMBIA TRUST COMPANY, New York, Trustee.
The
Company
agrees
June 1, 1907
“
“
“
“
1,
1,
1,
1,
1908
1909
1910
1911
to retire Debentures as follows:
$125,000
125,000
150,000
200,000
250,000
June 1, 1912
“
1, 1913
1, 1914
1, 1915
“
“
$275,000
275,000
300,000
300,000
PRICE 100 AND ACCRUED INTEREST
YIELD
on
6%.
These Debentures were Issued to retire $5,000,000 Three-Year Coupon Notes, sold by the
Company In April, 1905, and redeemed by the
October 1, 1900, and to reduce further its outstanding obligations in the form of short-time
paper.
From the statements made to us by tlie officers of the Company we have obtained the following information:
Company
The Schwarzschild & Sulzberger Co. lias been in continuous operation since 1855.
The Company owns (free and clear) and operates extensive
acklng plants In New York, Chicago and Kansas City, which, as appraised by Messrs. R. V. Harnett & Co. of New York and by Mr. James Miles of
Chicago, are valued at $8,597,886.
The Schwarzschild & Sulzberger Co. is one of the four largest packing concerns in the country, doing a business of
upwards of $75,000,000 a year.
It has facilities for killing over 100,000 cattle, sheep and liogs per week.
The Company makes a specialty of hotel and club trade, and buys the
heaviest and best grade cattle sold at the stock yards.
Its business is almost entirely in fresh meats; in fact, its sales of canned goods amount to less
than
1 %
of the total business done by the Company.
Appraised value of real estate and plants, 1906
$8,697,886
Paid-in Capital
4,373,400
Surplus (entirely accrued from earnings of the business; Dec. 1906
5,714,798
Quick Assets at close of business Dec., 1906
13,663,168
Current liabilities at close of business Dec., 1906
5,589,274
Excess of quick assets over current liabilities at close of business Dec., 1906
8,073,894
Average earnings (subject to interest charges} on a constantly increasing volume of business for eight years
ending Dec., 1905
_•
943,792
Interest requirements of debentures, 1907
*
360,000
Net earnings for 1906, as obtained from preliminary statements (after
providing for all expenses and interest
charges, including interest on these debentures), being over 20% on the outstanding capital stock of the Co922,758
Tiie quick ns'< ts of a
extension
or
packing
«*xccptional in the rapidity with which they can be converted into cash.
The trust indenture under
protects the quick assets of the Schwarzschild & Sulzberger Co. .that they cannot be utilized for dividends or for
improvement work to an extent which, in un\ contingency, could, in our opinion, endanger tiie security of the Debentures.
which the Debenture.;
were
issued
concern are
so
The trust indenture further
above mentioned
provides that the company shall riot create
during the life of any of the Debentures.
The legality of this Debenture issue has bumi approved by our attorneys. Mr.ws.
hardt & Goldman.
Application will be made in due
course to list these Debentures on the New
any
mortgage on any of its packing plants
Hornblowcr, Byrne, Miller & Potter, and by
York Stock
Messrs.
Stein
Exchange.
A part
of the above-named Debentures having been sold at private sale, we now offer the unsold balance for public
subscription at 100%, and accrued interest, deliverable and payable on or before February 25, 1907, at either of the New
York offices of the undersigned in New York Funds.
THE SUBSCRIPTION WILL BE OPENED AT THE OFFICES OF THE UNDERSIGNED AT 10 A. M. ON
TUESDAY,
FEBRUARY 19TH, 1907, AND WILL BE CLOSED AT 3 P.M. ON WEDNESDAY, FEBRUARY
20TH, 1907. OR EARLIER?
THE RIGHT BEING RESERVED TO REJECT ANY APPLICATION AND TO AWARD A SMALLER AMOUNT THAN
APPLIED FOR.
William Salomon & Co.,
25 Sro^.d St
!8! La Salle
e
Goldman, Sachs & Co.,
t, New York
Street, Chicago, III.
43
Exchange PI., New York_
St., Chicago, III.
Congress St., Boston. Miss.
205 La Saile
50
Subsci iptions will also be received by:
COMMERCIAL NATIONAL BANK, Chicago
A. G. EDWARDS & SONS, St. Louis
financial
V
nmmerria
INCLUDING
Bank and Quotation Section (Monthly)
State and City Section (semi-Annuals?}
Railway and Industrial Section (Quarterly)
Street
Railway Section (Tkv^i^“
Entered according to A ‘t of Congress, In tlie year 1907, by William B. Dana Company In the office of Librarian o' Congress, Washington,
A weekly newspaper entered at Post Office, New York, as second-class matter—William B. Dana Company, Publishers, 76>tf Pine 8t., N. Y.
NO. 2173.
SATURDAY, FEBRUARY 16 1907.
VOL. 84.
D.O
Week ending February 9.
£hc dmnikle.
Clearings at—
1007.
1000.
Inc. or ;
Dec.
1004.
1905.
PUBLISHED WEEKLY.
Terms of
Boston
Subscription—Payable in Advance
$10 00
For One Year
For Six Aloiil Us
0 (to
IB
7
£2
£1
European Subscript ion (including postage)
European Subscript ion six months (including postage)
Annual Subscript ion in London (including postage)
Six Mouths Subscription in London (including postage)
00
f>0
14 s
11s.
Subscription includes following Supplements—
B \nk and Quotation (monthly)
Railway and Industrial (quarterly)
Terms of
State and City (semi-annually)
Street Railway (B times yearly)
Advertising—Per Inch Space
Transient matter per inch spare
,
Standimr Business
Cards
Standing
uusint ss varus
Two
$4 20
(14 agate lines)
Months
(S times)
22 00
' Three
Moutlia (IB times)
six Mouths
(20 times)
Twelve Months
29 00
50 00
87 00
(52 times)
CHICAGO OFFICE—P Bar1 lett, 5IB MouatlnockBlock; Tel. Harrison 4012.
LONDON OFFICE—Edwards & Smith, 1 Drapers’ Gardens, E. C.
WILLIAM IS. DANA COMPANY.
Pine Street, Corner
Publishers,
CLEARING HOUSE RETURNS.
.....
...
Philadelphia
Baltimore
Chicago
St. Louis
New Orleans
Seven cities; 5 dayOther cities. 5 days
Total all cities, 5
All cities, l day
days
Total all cities for week
Per
Cent.
1007.
1006.
SI .368.201,048
138.650.362
06,367,482
22,800.080
100.874.574
55.709.158
10,229,314
•SI.522.757.667
144.524,081
105.406.375
23.012.756
167,605.381
40.486,554
17,673.751
10.1
—4.1
—8.7
—
—0.0
+ 13.0
+ 12.7
—8.2
SI.888.901,027
S2.030.5.17.465
—7.0
308.071.486
360.407.602
+ 10.7
S2.287.S72v.il 3
$2,300,065,157
557.211.416
500.142,218
—4.3
—5.0
$2.845,0.83.020
$2,981,107,375
■—1.6
...
Springfield
j
Worcester
Fall River
New Bedford
1
Lowell
522.7701
Holyoke
509.760;
Total New Eng.
!
13.016,248!
11,658.258
8,341,0151
Columbus
Toledo
I
4,226,172
2,010,021
2,410,7.33 i
5.550,000
i
Rapids
Dayton
1
_!
Evansville
2.019,919
1,693,459
1.129.0721
Youngstown
Lexington
Fort Wayne
l
Bloomington
437.400
472,571
487.101
356.272
310,332
250,000
140.304
i
Springfield. 0.._!
Decatur
,
Mansfield
Jaoksonville.Ill-.
Jackson
Ann Arbor
Tot. Mid.West.
338.901,649
Seattle
Salt Lake City..Portland
|
_i
__
!
Spokane
Helena
I
Fargo
!
Sioux Fails
Oakland
San Jose
.
28,516.840
16,806.166
10,417.000
7.827.365
7 080.280
5,300,000
__
Minneapolis
Omaha
St. Paul
1 )enver......
St. Joseph
Des Moines
Sioux City
_
3.256,031
2,115.458
1,315.615
1,350.000
.
Davenport-
above will be
given next Saturday. We cannot furnish them to-day,
clearings being made up by the clearing houses at noon on
Saturday, and lienee in the above the last day of the week
has to be in all cases estimated, as we go to press Friday night.
We present below our usual detailed figures for the previous
week, covering the returns for the period ending with Satur¬
day noon, February 0, and the results for the corresponding
week in 1903, 1905 and 1904 are also given.
Contrasted with
the week of 190G the total for the whole country shows
a loss of
2.5%. Outside of New York the increase over
190G is
6.3%’
Clearings at—
1901
1000.
Philadelphia
Pittsburgh
--
Baltimore
Buffalo.
Washington
..
Albany
1.010. .736.150 2.081,910.479,
132.rioo.U JO
138.187.507|
52.034.413
5 I
,>>40
20.005.383
27.0 11.055
0,001,730
0.770.510
0.205.100
0.507.750
I ,99 1,501
0,800,371
3.071,750
,083.084
1,911.5.81
2,o: .005
1.300.351
173.074
--I
1.244,145
1,140.000
1.253.71 S
1,100,410
1,254.579
1,005.740
1.201.140
000,370
053.011
507,401
7.000
532.100
1; 7,28 1
455.247
415.350
105,350
240.000
252,000
•
Rochester
Scranton
Syracuse
Wilmington
Wilkes-Barre
Reading
Wheeling
Eric
Binehamtcvn
Chester
.
....
Greonsoiyg
Frankcits
..
Total Middle.. 2,100.650.055
Inc. nr
Dec.
2.333.805.431
1004.
1005
£
S
s
New York....
Colorado Springs
Cedar RnpUls
..
'
J
s
—0.0 1 780.300,800: l 070.202.445
—1.01
77.170.0.81
125,,803.103:
—0.0
29.901,229
48.990,1271
22.270.017
+ 3.7
5.090,402
0,188.7441
+ 48. I
3.075,402
4.738,022:
+ 4.9
2.732,422
+ 37.53,553.3201
1.007.581
+ 0.3.
3.102,0401
1.307.028
3,903!
+ 7.3
201.347
0.80,402
+ 5).7
.823.102
—7.0
007,.817 i
840,073
940.143*
+ 13.0 •
15.1
.805,408
.871.4.80
007,508
17.0
031.180
401.411
585,030
+ 15.2
350.800
—0 S
438,000
+ 4.8
357.203
433,175
403.012
302.743
+ 10.2
100.784
22S.052
+ 50
—
—
—0.1 2.003.271.11 1 1.108.075.180
.
_
Fremont
Lincoln
Augusta
Charleston
Little Rock
Mobile
Chattanooga
Jacksonville
Macon
+17.7!
6,407.0S2j +30.2!
58.103,826
20,912.216
13.880.7.13
13.706.226
7.147,500
6.660.736
5,394.897
5.437.252
4.612.165
..
3.800,000
3.592.4 10
2.582,188
2.105.357
1 .616,761
1.822,401
1.410.537
...
..
2,040.154
1,900,104
1.486.717!
970.2561
'
717,653!
695,255!
519.010!
401,296!
458,400!
426,735
416,634
414,594
305,0911
292,642
263,504!
217.688!
108.000:
123.508!
308,985,043!
25.365 ,.330
15.787.101
0,320.558
6.700.670
6.213.154
5,3 73.005
2.546.356
1.850.511
1.141,132
1.108,825
883.008
702.667
.503,814
434.543
334.750
Winnipeg
Ottawa
Halifax
_.!
1
..1
Edmonton
Total Canada
..
Ojo oo.j
24 J 8+656
488.020
432,330
481,839
1,675,717
1.305,827
1.280.594
868.281
1,107.022
587,163
535,476
414,662
+8.5i
+ 14.0!
+ 1.6
+ 23.8
+ 3.7
+ 8.5
+ 28.0
+5 5
+ 10.6
+ 66.5
+ 35.2
+ 42.6
+ 12.6
+ 20.8
+ 9.7
+ 12.1
+ 6.5:
+ 11 7!
+ 16.8!
+ 14.0
1.4:
+ 27.01
+ 13.8'
+ 17.0
+ 21.81
+ 6.4;
+ 2.6;
+ 0.5
+ 20.01
—2.6;
—
152.230.067
134.760.606
105,260 480;
20,882,150
12,070,029!
10.104.3321
145.282,381
8,281,056!
0,024.838
6,067,457
3.952.500
2,087.724
2,331,589
1,930,538
1,510,011
1,107,250
751,650
786,318
473,124
722,872
22,133,100
12,015,231
JO.480.315
5,913.232
5.575.800!
3,357.653
2,004,310'
2,231,828
1,425,291
1,271,133
822,318
807,702
446,071
597,368
460,734
450,964
453,800
567.719
342.771
326,220
304,815
330.062
270.230
208,060
178.722
96.637
597.800
455,636
332,098
379,130
348.405
264,605
195,647
137,803
170.000
66,135
275,480,771
223,800.891
20.836.840
25,809.856
6,610,978
3,305,118
2.685,829
3,088.773
1,935.484
1,955,123
564,215
630,578
253,298
7.700.841
4.336,170
3,125,349
3,578.854
2,565,518
2,467.634
376,468
634,480
236.272
54.867,435
10.425,012
46.848.252
14.001.430
7,135,045
5.524,120
5.606.586
4.252,342
2.251,867
1.547.534
1,050.078
773.802
067.324
666.572
466.571
331.054
184.872
11,745,918
6.056,289
4,362,085
20,826,262
3,232,268
4.340.824
2,081.319
1.104.824
1,045,363
767.830
855.731
506,490
338,641
1S2.739
total
in
04.2847127
5S.437.4S3
52,107.51!
22.131,8,87
—5.5
i
S
17.605.743
11.734.530
0.013.099
4.051.500
4.074.290
4.563.634
2.777.061
3.511.007
2.941,300
2.323.165
1,685,202
1.420.787
54.520.0.36
40.885.533
11.285,965
8,155.830
1.5,071.117
.8.028,412
5.802.000
+ 1 1.21
'
.
6,000.031
4.031.500
4.30.5.210
4.1.45.681
3.218.450
2 320.670
T ,061.236
1 ,.506,593
1.471,07.7
1.46.1.870
1
.
1
1
31.778.287
21.028.102
6.703,735
2,607.617
1.002.500
.
+ 54.5
+ 23 2
+0.2;
0.640.047
3.058.442.461 3.136.635.843
Outside N. Y_. 1.117.006.311 1.051.725.361
•JO
2,064.052
2.200.705
1.763.812,
1,404,243
1.1 OS.606
+ 1.1!
Total all
i
3.080,705!
57.530.041
1.53.833.0.32
750 000
Total Southern
Calgary
+1.5
+13.9
+16.5
825,385! +18.2!
160.840.318
1,406,138
Vancouver
TTumlilon
St. John
London
Victoria
+IS.1j
997.6131 —18.1!
300.000
1 ,671.306
Columbus, Ga
Quebec.
+7.9j
3.304.778! —14.31
10.3.224
,398+51
,340.200
1,184.100
55,8.381
300,876
1.631.130
2.000.000
Canada—
Montreal
Toronto
—1.4!
5.628.400
3.918,132!
1,266.486 Not included
78.377.754
87.149 154
Tot. oth.West.
St. Louis
New Orleans
Louisville
Houston
Gaiveslon
Richmond
Memohis
Atlanta
Savannah
Nashville
Fort Worth
Norfolk
Birmingham
Knoxville
tUccfc ending February 9.
030.482
720.758
506.070
550.000
326.142
Tooeka
Pueblo.
+12.6*
*
Total Pacific..
Kansas City
+12.8.
37,309,402 + 27.8
47.0.80,791!
10,814,123 + 25.5
13.573,403
10.037,330 —21.1
7.015.500
6,370.506 —16.3
5,331.805'
4,331.556 + 22.7
5.313,301
+ o.4|
3,866,427
4.220,97.8
+ 17.4
3.512.561
4.124,180
—6-7:
805.564
751.0.82
+ 6.8
420.507
300,335,
+ 8.l!
374.660
404.012
3,613 171 Not included in total
400,000 Not Included In total;
+ 15.31
77.821.554
89,752.605
San Francisco
liOs Angeles
Tacoma
+8.8!
14.260.S1S!
11,555,194
0,007.470
571,304
627,000
462,876
533.482
_|
'
24.794,250'
975.829
817,296
778,329
792,607
527,535
..
South Bend
Rockford
Akron
Canton
Wichita
The full details for the week covered by the
+8.9
117.866,512
6.094,400
570,657
—9.2!
+0 1
+11.2
+25.5
+4.0
!
Peoria
Grand
+10.0
183.832.025!
I
!
+11.8!
1.385.448
1,137,392
538,812
470.012
406,078
215.190.584
16.076,462i
'
—17.3'
1,604.040
6,954.600:
133,545,371
+4.1
—1.0
+10.0
+11.2,
191,142,080
Indianapolis
,
103.001,388
7,750.000
3,200,550
2.278,530
1.090.163
231.337.313
26.072,750
Chicago
Cincinnati
Cleveland
Detroit
Milwaukee
Quincy
following table, made up by telegraph, &c., indicates
that the total bank clearings of all the clearing houses of
the United States for the week ending to-day have been
$2,845,083,929, against $3,058,442,401 last week and
$2,981,107,375 the corresponding week last year.
The
New York
Boston
2.534.57.8
1,045,521
1.703.834
1.523.722
1,032,353
580,580
•
Springfield. Ill
NEW YORK.
Clearings—Returns by Telegraph.
Week ending February 16.
'
3.520.34.8
Hartford
New Haven
Portland
Kalamazoo
of Pearl Street,
Post Office Box 058.
100,7S3,008
7.070,200
1
.
Providence
—
I 1.4
+10.31
+ 5.7
—8.3'
+ 10.6
+IO.81
+ 7.3
7.31
+ 23.01
3.1
+16.5
+ 42.0 i
+ 24.0'
+ 26.3:
+ 36
—
1^
4.992.500
4,875,924
7.164,094
1.116.030!
1.036,0761
1,105.351
903.608
3.322.290
3.303.604
2.866.468
3.058.0.36
1.730.500
1,252.107
1.053.066
1,242.637
1,180,660
1.264.050
770.000!
860*589
1,221.147!
820.418
780,000
250.833
458,648;
224.013!
~
+ 4.6|
—2 5:
+ 0.3!
+ 1.4
4-10.3;
+ 24.8'
+ 16.5.
24.7.
+ 5.8
+ 60.4
+ 20.8,
8.368.042
3,141.624
1 .500.000
1,073,706
2.087.087
1.807.304
3.042.522
1 .101,108
1.546.315
1.158.538 4-13.6;
1.316.01 1
1,070,002 + 10,8
1.281,326
+ 7.8
826.460
.800,830
1,317,481 Not Included In total
776,350 Not Included in total
(3,217.737
+8.7
70.574.648
—
121.746 +70
j
154.804.798
.671.880.484 1 .817.417,219
747,214.774
801,510,678
22.106,661
20,018.235
5.332.101
2.055 725
1.727.572
1,820.815
1,350.7 10
1,406,024
036.638
031.077
400,672
58.186,250
17.673.774
12.946.646
4.282.468
1.805,261
1.559.341
1.475,706
1,102,703
006,146
812,514
660,808
689.500
44,095.146
a
ill'iifa'ilfAWV' 'i.yYi'HW'i
ie
356
THE CHRONICLE.
[ VOL. LXXX1V.
last year.
TIIE FINANCIAL SITUATION.
Several
plans of various degrees of usefulness for
relieving the money market and so stimulating busi¬
ness have been made
public this week. Among these,
quite unexpectedly on Monday Secretary Shaw, to pro¬
vide against a close money market during these
last days of his official life—inasmuch also as Govern¬
ment income is large and accumulating in the' SubTreasury—advertised that he would purchase $25,000,000 of the 4% bonds due July 1 at lOljdJ flat.
Few expect that the amount of the offer will be ac¬
cepted. That view seems to be sound, inasmuch as
eMr. Shaw under date of Dec. 10 made an offer to buy
$10,000,000 of the same issue of bonds at 10.1 for regis¬
tered and 102 for coupons, and only got $2,867,550.
Now, notwithstanding his bid is a trifle higher, yet,
as thereareonly about 113 millions of the bonds out¬
standing, of which the public (savings banks, in¬
dividuals, Ac.) hold about 76 millions, leaving about
37 millions on deposit in the Treasury as
security
for circulation, the chances of relieving the
money
market to any considerable extent through this device
does not look promising.
It does not cover all the features we could
wish, but contains provision for the rectification of
several of the more needful and practical points which,
when enacted, will remove much of the friction now
attendant upon the operation of our currency system.
The first provision, if correctly reported by the press,
is the least desirable; it adopts the House bill provision
to replace the $10 silver certificates by gold certificates
of the same denomination.
We object to this change
because it keeps alive the silver certificate. The note
was objectionable
enough when it had silver bullion
back of it; but when the seignorage was coined and the
silver certificate became to that extent
a
silver dollar
it seems out of character to turn the thing
suddenly into a gold note and keep the silver dollar
currency,
still alive.
If the
same
Act directed that the silver
dollars representing
those certificates be sold for silver
bullion, to that extent the Treasury would have taken
a start towards
correcting our many-sided currency
system. Instead of that, the $10 silver certificates
retired
are
to be continued in existence—-turned into
$1 and $2 bills.
A
subsequent part of the proposed Act provides, in
a scarcity of small bills, that whenever
Whether Mr. Shaw will let affairs drift until he va¬ and so long as silver certificates of the denominations of
cates the Treasury Department, with this offer out¬ one dollar, two dollars and five dollars shall
be, in the
standing, but otherwise affording no relief from the ac¬ opinion of the Secretary of the Treasury insufficient
cumulating Government revenue, or help to the banks to meet the public demand, he is authorized to issue
in the effort to return the 6 millions of
deposits called, United States notes of the denominations of one dollar,
remains an unsolved problem.
Such a course as that two dollars and five dollars, and upon the issue of such
has not been the Secretary’s method.
Hitherto he has notes of such denominations an equal amount of United
yielded to circumstances and always had a scheme of States notes of higher denominations shall be retired
his own up his sleeve to avert any severe strain, and and canceled.
in that work his mind has proved a highly fertile one.
The Senate Committee also added another amend¬
The most notable decision within his official life ment making all national
banking associations desig¬
was the one he reached in
nated
for
that
September 1903 (‘‘Chron¬
purpose by the Secretary of the Treasury
icle,” page 471). Withdrawals of Treasury cash up to be depositaries of public money under such regula¬
to that
time had been based on the Constitutional tions as may be prescribed by the Secretary, and after
provision that “no money shall be drawn from the being so appointed that they may be employed as
Treasury but in consequence of appropriations made financial agents of the Government. Every association
by law.” (United States Constitution, Article 1, so designated as receiver or depositary of the public
Sec. 9, Sub-Sec. 6.)
This provision was always money shall take and receive at -par all the national
assumed to mean that all Government revenue, internal
currency bills by whatever association issued which have
as, well as custom dues, once in the Treasury was to
been paid into the Government for internal revenue Or
stay there until an appropriation authorizing its with¬ for customs dues.
The
committee likewise in¬
drawal had been passed.
The nullifying of this con¬ creased the aggregate
of national bank notes
clusion was reached through the
that
Secretary putting a
may, be
withdrawn in any one
month
surprising interpretation on two sections of the United from $3,000,000 to $9,000,000; and, with consent of
States Revised Statutes—interpretations which lie the Comptroller of the
Currency and approval of the
held justified the assumption that all
depositary Secretary of the Treasury, with such withdrawal a
banks are a part of the Treasury.
Hence not only proportionate amount of the bonds held assecuritvfor
“the rooms in the Treasury building” but “such other
circulating notes may also be taken out of the Treasury.
apartments as are provided as places of deposit of the
public money become a part of the Treasury of the
We called attention a week ago to the unusual cir¬
United States.”
In reaching the foregoing a section cumstance that there was an entire absence of
any
was added from the law of 1864 which reads that “all
derangement in the London financial markets, not¬
national banking associations designated for that
withstanding the renewal in greater volume that week
purpose by the Secretary of the Treasury shall be de¬ of the export of gold from London to New York.
positaries of public money and financial agents of the Furthermore, not only did the movement not excite
Government,”Ac. These provisions taken together Sec¬ any apprehensions at the British capital, as evidenced
retary Shaw held were sufficient to justify the assump¬ in the unchanged open market discount rates, but this
tion that designated depositaries were as much a
part same serenity was also shown in the maintenance of
of the Treasury as the Treasury Building at
Washington. the normal price of 77 shillings 914 pence per ounce
for gold bars not only by the Bank but also by the
The Senate Finance Committee,
through its chair¬ bullion dealers, while the week's consignment from
man, Senator Aldrich,
reported on Wednesday in a South Africa was about equally divided between, the
modified form the currency bill which passed the House Bank, the India Council and the
representatives of
order to relieve
b
Feb. 16
This week the cable announces
that a somewhat unique incident is reported to have
occurred in London on Monday in connection with the
bidding for the $3,000,000 South African gold which
was then offered in the bullion market.
Representa¬
tives of American gold importers are said to have
made arrangements to purchase a considerable part
of that offering; the Bank was also prepared actively to
bid for the metal.
Conditions of a more or less un¬
settling character seem to have induced the Bank of
American bankers.
England Governors to secure for that institution, if
possible, all the gold offered. The Governors were
apparently unwilling to resort to active bidding for
the metal against other interests which were seeking
to procure it; such a course might.have unduly ad¬
vanced the price, possibly to the prejudice of bankers
identified with operations that depended upon a com¬
paratively free movement of the metal. Accordingly,
the Bank’s representatives are said to have approached
those of the American importers with a request that
they refrain from bidding, thus permitting the Bank
to secure the gold; such request was acceded to and
the Bank bought the bulk of the consignment.
This incident, if correct as stated,is noteworthy be¬
cause of the reported solicitation by the Bank of non¬
interference with its effort to procure the gold; under
ordinary conditions the Bank would doubtless have
acted independently and bid for the metal regardless
of the effect of such bidding upon the market price.
If the course which the Bank took can be regarded as
indicative of a purpose to keep the export movement
to Xew York or elsewhere comparatively free or un¬
obstructed bv
devices,
resort to the usual restrictive
a
if such purpose shall not be changed, result in
importers obtaining, in the aggregate, a consider¬
able volume of the metal, so long as extraordinary
measures shall not be taken to export the gold for mere
profit. It is still a conspicuous fact that the price of
bars and of American coin has been but slightly
changed; on Monday when the bid quotation was re¬
corded, an advance of only
of a penny per ounce
it may,
our
,
was
This would
made.
dealers
are
seem
to show that the bullion
still in accord with the Bank in the
maintenance of
a
policy of
free movement of the metal.
There
the
possibility of the development of a
situation which may compel the Bank to change its
policy and impose restrictions. At the moment,
however the Bank is exercising forbearance; so long as
American importers shall be equally indulgent, the gold
is of
course
,
movement
357
THE CHRONICLE
1907.]
will be attended with
a
minimum of friction.
Much space is being given in the daily papers to the
series of addresses which W. H. Mallock, the English
is very
happy in the way he disposes of the old-time
fallacy so deep rooted, that manual labor is the only
producer of wealth. In refuting this assertion, he
points out that a given population under modern
conditions will produce, say, two, three, four or five
times the amount of wealth that a similar population
produced 150 years ago. This being true, how is the
change to be explained on the theory that the pro¬
duction of wealth depends alone upon manual labor.
In other words, if the only agency, in the creation of
wealth is ordinary labor, why do a thousand laborers
working in the year 1907 produce so incomparably
more than
they produced working, say, in the year
1760?
The socialist answers that knowledge has in¬
creased, that methods of production have improved,
and that average labor has thus become indefinitely
more productive.
But Mr. Mallock well states that to say this is only
begging the question. To what is this increase of
knowledge and these improvements’ of method due?
Are they due to average manual labor itself?
Are they
due to manual labor in any sense?
In seeking an an¬
swer, Mr. Mallock takes up the theories that have been
advanced in the past to explain the wonderful improve¬
Buskin explains the advance of
ment established,
labor from its lowest to its highest efficiency by the
gradual development of skill. Mr. Mallock thinks
,
Buskin's definition of skill
the
In skill
admirable, but it does not
defined
by Buskin we no
explanation of how labor in some
cases produces products' whose value is great while in
others it produces products whose value is relatively
infinitesimal.
But the products whose value is due
to exceptional skill, though they form a portion of the
wealth of the modern world, are not typical of it.
The distinctive feature of modern wealth—produc¬
tion—is the multiplication of goods relatively to the
time spent in producing them and the consequent
cheapening of each article individually.
The answer of Adam Smith he regards as more to
the point.
That writer, in his “Wealth of Nations,”
contended that in all progressive communities the chief
cause enhancing the productive power of the indi¬
vidual laborer is not the development among some of
faculties that are above the average, but a more ef¬
fective development of powers common to all by the
fact that labor is divided so that a man by devoting
his life to the performance of one operation acquires
a manual dexterity otherwise beyond his reach.
But
Mr. Mallock urges that this simple division of labor
takes us but a very little way in the history of industrial
progress.
The secret of modern production resides
in two factors.
One of these is the development of
machinery. The other is the increasing application
of exceptional intelligence, knowledge and energy,
not to the manual labor of those who possess these
exceptional qualifications, but to the direction and
co-ordination of the variety of individual operations
cover
case.
doubt have
a
as
correct
*
is delivering at
Columbia University under the auspices of the Na¬
tional Civic Federation. .The lectures deserve all the
prominence that is being accorded to them. They
deal with one of the live problems of the day, and do
it in an intelligent, rational way.
The trend of the into which the manual labor of others on an increas¬
times is in the direction of the assumption of new and ing scale divides itself.
It is to this latter factor that
the
increased functions by government—the relegation
development of modern machinery is itself due.
Mr.
Mallock gives as a simple illustration of the
to the central authority of things previously left to
private initiative and under private control—and economic functions of a man’s intelligence and knowl¬
from this descent to socialism is only another step. edge in directing labor, not of his own hands, but
Moreover, the endeavor is to persuade the wage of the hands of others, the case of a printed book.
The labor of the printers and the paper-makers is the
earners that only through socialism can they attain
the full measure of their independence.
Mr. Mallock same in kind and quality whether the book be a work
writer
on
social and economic topics,
-^^>111"wfwiifHiiw*''Wi'Wwniwwi
r- '•’wrcwwi
:J58
ofl genius
THE CHRONICLE
compilation of unreadable non¬
sense—whether thousands of people want to read it
or nobody.
What makes the book valuable, if it
be valuable, is its contents, and these are whollyjindependent of the manual labor spent upon the book,
but come wholly from the author’s mind. Similarly,
when any great mass of modern machinery is con¬
structed which involves the co-operation of thous¬
or a mere
metal is
more
[Von.
L.XXXTV.
urgent than ever before in the country’s
history. As the railroads are being criticised for not
having expanded their facilities sufficiently fast to
keep pace with the country’s growth in business, why
would it not be equally just to criticise the iron pro¬
ducers for not having increased the make of iron on
a scale to
equal the wonderful expansion in the con¬
sumption of iron ? When the question is put in that
ands of manual laborers, the same situation repeats form, it readily becomes apparent that both the
The machinery is an agent of production and railroad industry and the iron industry have been
itself.
increases the world’s wealth, not because the parts are subject to influences wholly beyond
the ordinary, out
made with sufficient manual skill—for the highest of which there has developed a situation which could
skill may be employed in the production of mechanisms not have been foreseen, and most
assuredly could not
that are futile—but because each of its parts is fash¬ have been prepared for.
With reference to the rail¬
ioned in accordance with the orders of some master roads, we discuss in a separate article on a
subsequent
mind which directs and co-ordinates each minutest page their responsibility
for the car famine and freight
movement made by the arms and hands of every one
congestion which has grown up. Concerning the iron
,
of the manual laborers.
It is to the direction of labor
makers, all that it is needful to say is that if in 1904,
of exceptional men, and not to labor it¬ when 10,500,000 tons of iron sufficed to meet the
self, that all the augmented wealth of the modern country’s requirements, it could have been foreseen
world is due.
that, two years later, in 1906, 20,500,000 tons would
It appears to us that no exception can be taken be insufficient to meet such requirements, there would,
either to the reasoning or the conclusions of this in any event, not have been time enough to erect the
English writer on economic questions. We think too new furnaces needful to increase the country’s produc¬
that thoughtful students will agree with him in the tion beyond that figure. The occasionTor this remark is
statement that the increasing concentration of the most the appearance of the usual monthly statement of pro¬
active and powerful minds on the direction of manual duction in the “Iron Age” of this city.
Our contem¬
effort, as now carried on, is without parallel in the porary observes that the statistics for January give
history of the world. Having thus established that little indication of production overtaking consumption
modern wealth is due not to labor alone but also to the in the near future.
The output of iron by the coke
action of the ability by which labor is directed, Mr. and iron furnaces, it is pointed out, was actually less
Mallock proceeds to demolish some of the other con¬ than it had been in December, or 2,205,607
gross
tentions of the socialists. It is well known that, con¬ tons, as against 2,235,300 tons.
Notwithstanding
currently with their demands for a larger share in the that three new furnaces were blown in—the Josephine
world’s products, the socialists demand a radical in Pennsylvania, Toledo No. 2 in Ohio, and Federal in
change in the whole organization of production. Illinois—and that the total of furnaces blown in was
They demand what they call the emancipation of nine, the losses were greater than the gains, eleven
labor, and by emancipation of labor they mean eman¬ furnaces having gone out of blast. Inability to get
cipation from what they have been taught to call sufficient coke, it appears, also interfered with pro¬
wagedom. But if all production were organized like duction in several districts. As a consequence, the
a State post-office, would the laborer, asks Mr. Mal¬
active capacity on February 1 was 492,359 tons a
lock, have achieved the economic freedom, the eman¬ week for 317 furnaces, as against 507,332 tons a week
cipation which socialists at present take so much for 319 furnaces active on January 1. Of course it
pleasure in talking about? Nor again does the manner will be recognized that either set of figures represents
in which the labor of the State employee is remunerated an output of iron of prodigious extent.
The point of
differ in any way from the wage system which prevails importance is that in our growth in iron-making,
in a private firm.
Conformity to the directions given under the tremendous pressure of the last two years,
him by some organizing authority is the condition on we have reached a stage where further additions to
which this remuneration is awarded him.
Mr. Mallock output must necessarily be small. The “Age” notes
then proceeds to show that two coercive systems—the that the loss in output as compared with December
corvee system which prevailed in the Middle Ages in
was at the plants of the steel works, where there is
France and the slave system—are the only alternatives the greatest incentive to increasing the product.
The
to the wage system that have been found workable make of iron by these furnaces of the steel companies
in the whole history of the world.
Escape from •decreased about 39,000 tons. On the other hand,
the wage system would mean escape into one of these the so-called merchant furnaces made a slight gain
two systems.
The acceptance of either would mean upon their December output adding about 9,000 tons
escape into economic slavery.
It is Mr. Mallock’s to the same.
opinion that when socialists talk about emancipation
and economic freedom, the only meaning which their
There was no change in official rates of discount by
language can really bear is the emancipation of the any of the European banks this week; compared with
of
average man from the aid and guidance that is in any last week unofficial or open market rates were
way superior to his own.
Either the wage system 1% higher at London and }/g@% of 1% at Berlin and
must continue under a thin verbal disguise or universal Frankfort and }/$ of 1% lower at Paris.
The feature of the statement of the New York
slavery must be put in its stead.'
on
the part
,
Associated Banks last week,
Iron
a
decrease in the
production in the United States does not con¬ surplus reserve of $9,2SS,2S5, to $3,345,S75. This
notwithstanding the demand for the resulted from a loss of $12,077,600 in cash less a de-
tinue to increase
was
Feb. 1G
crease
1907.J
of $2,789,375 in reserve requirements.
Loans America), and receipts of £463,000 net from the in¬
expanded $1,518,900 and deposits decreased
$11,157,500. There was an arrival on Monday
of $486,650 gold from London
and of $45,006
were
359
THE CHRONICLE
terior of Great Britain.
foreign exchange market was active and gener¬
ally lower, though the fluctuations were within a
narrow range.
One feature of the week was drawing
The effects of the unfavorable bank statement
apparently tor the account of foreign fire insurance
of last week were to some extent counteracted
companies, supposed to be for the settlement of losses
by the announcement on Monday
by Secre¬ resulting from the disaster at Kingston, Jamaica.
tary Shaw that he would purchase $25,000,000 There was a large amount of bills drawn against pur¬
4% bonds of 1907; but there was a more marked im¬ chases of stocks for London account; such buying
provement in sentiment on Wednesday on reports was quite noticeable on Wednesday, when there was
from Washington that satisfactory progress was a
buoyant tone in the American department of the
jikely to be made in Congress with the bill of Senator London Stock Exchange, which was said to be due
Aldrich, which provided for the deposit of customs to the more confident feeling resulting from the news
collections in depositary banks; for the increase in the of the
progress which was made with the Aldrich bill
limit of bank-note retirements and for other measures in the Senate. There was the usual
Monday supply
which would probably augment the supply of currency of
cotton bills; these were promptly absorbed at full
for business requirements.
Later in the week calls of rates. The demand for remittance was good and
loans preparatory to the surrender on Friday through
largest on Monday, when bills were bought for Tues¬
New York correspondents of interior depositories, of
day’s steamer; the inquiry was not so urgent after
$6,000,000 public funds, contributed to a firmer tone the middle of the week, though there was moderate
for call money; the market was also influenced by the
buying on Friday for the next day’s mail.
news that offers of 4% bonds for redemption had thus
No engagements of gold were made in London this
far been but $500,000, indicating only slight relief
week.
The representatives of American bankers
through bond purchases. Time loans were easier and made preparations on Saturday of last week to bid
one feature was the liberal offering by
large trust for
part of the metal which would arrive from the
companies of six months’ money at 5)4% • This Cape on Monday, but, as elsewhere stated, the bids
seemed to fix the basis for other maturities and con¬
were not pressed, owing, it is reported, to a request
siderable business was done after Wednesday.
by the Bank Governors that that institution should be
Money on call, representing bankers’ balances,
permitted to secure the bulk of the metal. This week
loaned at the Stock Exchange during the week at 6%
rates for sight exchange on London have been quite
and at 2)4%, averaging about 424%; banks and trust
close to the gold-importing point and possibly arrange¬
companies loaned at 3% as the minimum. On Mon¬ ments have been made to bid for the gold which will
day loans were at 6% and at 3% with the bulk of the be offered in the London market on Monday. If
business at 5%. Tuesday was a holiday. On Wednes¬
buying of American stocks shall continue in as great
day transactions were at 424% and at 214% with the volume as it has this week, it seems quite probable
majority at 424%. On Thursday loans were at 6% that gold will be brought out, in payment therefor, in
and at 3% with the bulk of the business at 4%.
On moderately large amounts:
Friday transactions were at 6% and at 5% with the
Nominal rates for sterling exchange are 4 8134@4 82
majority at 5%. Time loans on good mixed Stock for sixty day and 4 85)4 @4 86 for sight. On Satur¬
Exchange collateral were at 5@534% for sixty days.
day of last week the market was steady with unchanged
from
The
Paris.
5J4@5J-4% for ninety days to four months and 5%% rates, compared with the previous day , for long and
for five to six months; all the year money was offered
short, while cables were 5 points lower at 4 8530@
on Chicago account at 524% but no higher bids than
4 8540.
On Monday long fell 30 points to 4 8035@
534% were obtainable. Commercial paper is quoted 4 8040, short 15 points to 4 8455@4 8460 and cables
at 524@634% for sixty to ninety-day endorsed bills
10 points to 4 S525@4 8530.
On Wednesday there
receivable, 524 ©6*4% for prime and 6)4% for good was a rise of 5
points all around—long to 4 8040@
four to six months’ single names; very little business
4 8045,
short to 4 8460@4 8465 and cables to
is, however, reported below 6% for the best paper.
4 8530@4 8535.
On Thursday long rose 5 points to
4 8040 @4 8050, short fell 10 points to 4 8450@4 8455
The Lank of England rate of discount remains un¬
and cables 10 points to 4 8520@4 8530.
The market
changed at 5*4 The cable reports discounts of sixty to was steady on Friday and 10 points higher for long
ninety-day bank bills in London424@434/o the open and 5 points for short.
market rate at Paris is 2J4% and at Berlin and Frank¬
The following shows daily posted rates for sterling
fort it is 4J4@5%.
According to our special cable exchange by some of the leading drawers.
from London, the Bank of England lost £91,590
Fri..
Tliars..
Wed.,
Tucs.,
Mon.,
rr,.
bullion during the week and held £35,382,551 at the
j Feb. 8. Feb. 11 Feb:12. Feb. 13. Fib. 14. Fib. 15
close of the week. Our correspondent further advises
HI A
81 A
81 U'
HI A
J 00 days;-I 81 U
Brown
H5A
85'5
85 A
8515
85 A<
Bros.
Co
&
us that the loss was due to very heavy exports to
81 A
HIA
81 >4
81'5
f GO days 14 81
Barinu
85 A
H5A
Ho.A
85,'a
A
& Co...
(Sight..[4
82
South America, which exceeded to a moderate extent Bank British
882
82
j GO days'4 82
80
SG
11
80
8G
-(iSnthC- 14 SG
North America
82
82
O
82
the aggregate imports and fairly full purchases in the Bank of
82
J GO days! 4 82
80
80
Jj
80
80
-1 Sight.. |4 80
Montreal
82
82
I
82
J GO days j 4 82
open market, and receipts from the interior of Great Canadian Bank
80
80
SG
D
SG
_Sight. !4 SG
HI A
HIA
81 A
81'5
j GO days *4 11:
Britain. The details of the movement into and out Hoidcfbaeh, lekclHo A
85 A
Ho A
Y
85 A
heimer & Co
^Sight.. j 4 85 'v,
HI A
HIA
8115
HI A
daysi i 81
of the Bank were as follows:
Imports, £580,000 (of Lazard
85 A
H5A
H5A
85 >2
A
irficht.-!l
Fro
82
82
82
f GO days| 4 82
which £150,000 from Egypt and £430,000 bought in Merchants’ Bank
80
80
xco
8G
80
of Canada
open market); exports, £1,135,000 (wholly to South
•
!
i
-
Ho
..
82
_
_
_
-
82
s
.
.
! go
res
—
—
_
Ho
A
360
THE CHRONICLE.
The market closed
on
Commercial
and 4
banks
on
8520@4 8530
4 80(a.4 8010
and
documents for payment 4 79J^fe4 80%. Cotton for
payment 4 79J^j(a,4 70%> cotton for acceptance,
4 80(5,4 8010, and
grain for payment 4S0M@
4
SOM*
The
following gives the week’s movement of money
by the New York banks.
to and from the interior
lit reived ay
Fh typed by
iA’. Y. Banks. X. V. Banks.\
Set Inti rior
Movement.
:
Weik
ending February 1 5 15)07.
Currency
Gold
-
.
.
.
-
.....
.
__|
...
_
V*'itli
$4,045,0001
$3,521.000'Gain
074,000'
G45,0D0iGain
.$1,424,000
20.000
$5,010,000j
$4,1GG,000 Gain
SI.453,000
-.
.J
Total yokl and loyal tender.-,
Sub-Treasury operations, the result is
as
fol-
lows.
Into
Wcik
i
tiding February 15 11(07.
Hunks' inier.or movement ns above..(
Total
ye
T he
in the
i
Id and local tenders
Ovt of
j
Hanks.
Sub-Treasury eperunoii.s...
$5 GlO.Oi-O
$4,100,000 Cam
20,s! 1,000 I.oss
$1,453,000
£20,010,000
£30,977,000 Loss
$!.35S,000
folloiwng table indicates the
principal European banks.
Germany.
Russia
Alls -Hun
_
Spain
Italy.
Total.
Cold.
f
£
£
£
31.025.250
1 IS,(151 ,0110
40.43S.000
15,403,000
.
.
A” th’lands
Nat. He ly..
Sweden
.
32.2 12.000
5.5 42.100
3.322.000
4,1 OS ,000
.
,
3.0,30;),200
10,041,750'
1,735.000
1 2.072,000
24.20S.000
4,737.300
5,730,000
1 ,001 .000
amount of bullion
35.3s2.55!
1 45.0m ; ,00(
42.507.00!
!22,7s0.oo(
5X.510.001
30.701 .001
Hi la
r.
.L*
5 4.105.34 4
1 13.S? 1.057-
05.03s ,000
0
1,0: M). 000
45.103,000
15.050,000
30.070,300
2S. 210.000
11,2S 1,400
4.0x3,00(1
4.1 OS .000
0.007.000
3.SOS,007
3.701.000
42.220.531
11.070.00)
3.002 .Of >0
12.404.001
23.12 4.000
3.732.000
0.105.300
1 .010,332
Taint.
£
34,105,344
150.001 ,4£N
47.01 7,000
0S.50S.000
57.057.000
3x.lS3.000
31 .052.000
12.712.300
5,75 s.000
Total week 30$, 13!) .001 103.253.250 501.302,251 3X1
,X51,00S 105,1X3,704 IS7.035.732
ITev .week 307,045,045 103,370,215 501,310,100
3S9.517.7S2 105,203.107 404,780.049
MONETARY PROGRESS IN LATIN AMERICA.
If the merchants and
exporters of the United States
a
to find
markets in Latin American countries,
factor of essential importance will be the condition
are
of
new
exchange with those countries.
much progress
Statesmen and economists of the Latin
a profound
insight into mone¬
tary problems. Upon the theoretical side at least
their State papers have shown a
disposition, which is
not always found among those of other
races, to go to
the bottom of the subject.
Nothing could excel in
clearness, precision and sound reasoning some of the
papers prepared in connection with the Mexican mone¬
tary reform by men like Finance Minister Limantour,
Mr. Creel, head of the Commission on
International
Exchange; Mr. Casasus, recently Ambassador at Wash¬
ington, and Mr. Macedo, Chairman of the Exchange
Commission which is supervising the practical execu¬
required.
race
have often shown
tion of the reform.
Much will be added to the history of
monetary
science if intelligent reports are obtained from
the
Latin American countries.
There are statesmen and
economists in each country thoroughly
competent to
deal with the subject. It is highly
that such reports should be as
acter
as
desirable, however,
nearly uniform in char¬
possible—dealing with the
answering the
February 15 10 00.
Filar.
.
2.si 1.000
is
same
same
series of questions.
problems and
It is here that
the work of the Bureau of American
Bold.
35.3S2.551
105.72-1, sso
.
Bank Holdings.
24.000,000
o]
England
France
Ad Change in
Banks.
;
Fi hr wiry 14 1007.
Bank
LXXXIV.
Friday at 4 8050@4 8060 for liminary step towards intelligent reform where reform
long, 4 8450(a 4 8460 for short
for cables.
[VOL.
There has' been
in recent
years among our neighbors
the South towards establishing
exchange upon a
stable basis.
Peru in 1901 adopted a gold exchange
to
Republics is likely
useful if they decide to formulate a common
basis of investigation.
It is fortunate that this Bureau
is international in its organization rather than an
in¬
strument of our own Government.
It does not lie
with this country, in view of its wretched
floundering
through the mire of depreciated paper and excessive
coinage of silver, to “put on airs” or attempt to dictate
to our Southern neighbors.
There would be however,
material advantages in
seeking certain uniformity in
measures of reform if
they are to. be adopted.
That stable exchange is preferable to
falling ex¬
change, is apparently coming to be generally recognized
to prove
,
in Latin America
as
well
as
elsewhere.
There
was a
time when the theory that a country might increase its
exports by falling exchange so befogged the minds of
statesmen that
they were oblivious to the fact that in¬
of exports, if obtained, was obtained
only at the
sacrifice of the economic resources of the
crease
country—in
words, that a foreign community was naturally
willing to exchange a fixed quantity of its own products
for a constantly increasing
quantity of the products
tities of gold in exchange for her
exports of wool and of the country where exchange was falling. The dis¬
hides to Europe, and has brought about relative sta¬
advantages of such a policy were mathematically
bility in her paper money by offering to issue paper demonstrated by those who took
up the question in
for gold at a fixed rate.
This measure has operated Mexico. In the cases of British
India,[China and Spain,
successfully thus far and has been a great improvement also, examination of the facts showed that the
country
over the wide fluctuations in
exchange which for a time lost rather than gained by falling exchange, while the
prevailed. Brazil is also working towards a sound gold countries, by
keeping up the price of their
monetary basis by reducing her irredeemable paper; products, obtained for them a
steadily increasing
but the plan to raise the price of coffee bv
controlling quantity of the products of the silver countries. If
the market is still more or less
this fact can be brought home to the
experimental.
statesmen of
It was a step in the right direction when the Rio Latin
America, it will probably have an effect in stimu¬
Conference adopted a resolution for the
preparation lating sound legislation on the part of any country
of reports on the
monetary systems of the different which may still be wandering in the
bog of fluctuating
countries taking part. The initiative in the work will
paper.
probably fall to the Bureau of American Republics at
It is not at all essential,
in order to promote har¬
Washington, which will profit by the energy and wide monious exchange
arrangements, that there should
experience of its new chief, Mr. John Barrett. The be a vain chase after a common
monetary unit. While
monetary fortunes of some of the Southern countries such a unit has minor
advantages, in connection with
have been so checkered that it has been difficult to
printing of price lists and some other details, it does
keep pace with them. An authentic report on existing not obviate the
necessity for computing exchange be¬
conditions, the available stock of currency, its relation tween countries having such a
unit, and it is apt to
to gold and the fluctuations of
exchange will be a pre¬ have serious disadvantages in the case of token money,
standard, similar in its operation to that which has
been established in the Philippines, Mexico and Pan¬
ama.
The Argentine Republic has taken
large quan¬
other
Feb.
16 1907.]
361
THE CHRONICLE
who control
our
railroads and have somehow
managed
countries of the Latin Union have found to their to put into their private pockets some hundreds or
cost.
It is doubtful if a common unit between the thousands of millions of dollars through their ability
United States and other countries would contribute to skim the cream off the country’s prosperity, while
materially to the promotion of trade. The essential at least a hundred thousand miles of our railroad sys¬
tem has become unfit for the ordinary needs of current
thing in such matters is a common standard. This
traffic with rotting cross-ties, light rails, wooden
standard the world now recognizes everywhere to be trestles instead of permanent bridges, sharp curves
trold.
It does not follow, however, that all, countries and bad grades surviving from the early period of
should undertake to introduce gold into actual circu¬ railroad engineering, shabby and miserable stations,
lation or should pile up excessive amounts of gold in and a general incompetencv in equipment and opera¬
reserves.
The experience of the Philippines, Japan, tion that has fallen to a stage of hopelessness and
despondency where it has ceased either to apologize
Mexico and Peru shows that equally good results can
or to be ashamed.”
be obtained by different methods and perhaps at less
The language in the latter part of this extract is so
expense. The restriction of exchange fluctuations
within reasonable limits gives the assurance to the intemperate and the statements contained in it so
utterly at variance with the truth that it is not worth
exporter and importer that they can do business upon
This while to spend much time in replying thereto. The
a safe basis and upon narrow margins of profit.
facts in disproof of it are within the knowledge of every
is the essential thing in promoting trade and is easily
informed person. If there is one thing above
attainable where the attainment of a common mone¬ well
every other thing for which recent railroad history
tary unit would be difficult, if not impracticable.
has been distinguished, it is the attention given—the
time, the labor, the money spent—in raising the
HAVE OUR RAILROAD MANAGERS BEEN
NEGLIGENT?
physical standard of the properties. Light rails
In the current number of the “Review of Reviews” everywhere have been replaced with heavier rails,
wooden trestles have given way to permanent bridges
there is a series of paragraphs dealing with the present
of iron or steel or stone, curves and grades have
railroad situation and severely arraigning the roads built
for their alleged shortcomings.
The charges are not been reduced, and in every way the physical standard
of the roads has been brought to a higher state of per¬
new.
They are, indeed, only a repetition of the re¬
fection.
The annual reports of the railroads abound
ports and unfounded statements which have long
in testimony showing whaUhas been done in this re¬
been common among those avowedly hostile to the
roads ;
but they challenge attention when adopted spect, and the movement has been universal. Xo
by a standard publication like the “Review of Reviews.” important road in the country forms an exception to
The editor of the “Review” must have
The article referred to is discursive, and most of the the rule.
statements in it are vague and general, very like the | known from personal observation that the assertions
!
loose talk so widely indulged in.
One or two extracts had not even a remote basis of truth.
As to the allegation that the railroads have broken
must suffice to indicate the tone and character of the
down in their ability to supply the country’s transpor¬
remarks. Albert Shaw is the Editor of the “Review”
tation needs, this obviously refers to the congestion of
and he urges that—
traffic and car famine which have been an unfortunate
“Unless conditions notoriously prevalent just now
of railroad operations recently. The rail¬
should soon be changed for the better, the public condition
ownership advocates will become confident and aggres¬ roads certainly have been overwhelmed with freight
sive1 along a wholly new line of advance, where they of late months and there has often been considerable
have heretofore been on the defensive.
They will delay in moving all the tonnage offered. But admitting
point to the complete breaking down of efficiency in this, can it be truthfully affirmed that railroad man¬
the actual business of transportation in this country,
and will begin to claim that the Government could agers have not been forehanded or have lacked fore¬
sight in anticipating future growth? Take the matter
not possibly do things so badly , and would in all proba¬
bility manage the roads with a far higher degree of of their equipment. It appears from the statistics
business efficiency.
Furthermore, they will point to collected by the Inter-State Commerce Commission
the inability of the great railroad managers to obtain
that in the eight years from June 30 1897 to June 30
the money they need to make absolutely necessary im¬
1905 they increased their equipment by over 545,000
provements. whereas the Government of the United
States could obtain almost unlimited capital at half cars—an addition of almost 50%, the aggregate num¬
the rate of interest the railroad would be obliged to ber of cars in service June 30 1897 having been 1,297,pay.”
480 and on June 30 1905 1,842,871.
The figures for
Mr. Shaw would also have his readers believe that
1906 are not yet available but would make the com¬
the managers of our great railroad systems have given
parison still more striking, for during the last eighteen
their time to speculation in Wall Street instead of to months the additions to equipment have been par¬
developing the properties under their care. “It is ticularly large.
high time now,” he asserts, “for the railroad managers
The record with reference to track has been much
to get out of Wall Street and to operate their roads,”
the same.
It is matter of common knowledge that the
and he proceeds as follows:
additions to length of line have been comparatively
“The bigger element of railroad men. it is often now moderate.
But it' is not necessary to build entirely
■.asserted, instead of attending to the practical business
new road to increase and extend the facilities of a
for which the stockholders are supposed to be paying
railroad system. The same end can be attained by
them their salaries, are to be found in Wall Street and
in the large Xew York hotels, building up their private providing additional yard and passing tracks, and
fortunes by day and pursuing their pleasures by night. sidings, second, third and fourth track.
Bearing this
The smaller fry of railroad officials have been the in mind, it is certainly significant that in the same
holders of stocks in coal companies,
grain elevator
period of eight years from 1N97 to 1905 there should
companies, and other enterprises along the line. . . . have been an addition of nearlv 65,000 miles to aggreWe have a small and select population of plutocrats
as
the
IT'
*■
362
THE CHRONICLE.
[VOL.
LXXXIY.
gate length of track. In other words, from
242,013 1905 it was no less than
186,463,109,510. With the
miles on June 30 1S97
aggregate length of track in¬ further addition in 1906 the
aggregate number of units
creased to 306,796 miles on June 30 1905.
In this of
transportation services rendered can not have been
case, also, the further additions since 1905 have been
of
much, if
even more
noteworthy extent. Can the railroads,
therefore, be fairly charged with having failed to make
any,
less than 200,000,000,000.
The writer in the
“Review,” in
part of his com¬
permits himself the. observation that
though
provision for future growth? It should be remem¬ the
West has been growing very
fast, “recent growth
bered that the bare figures here
given do not indicate has been nothing like so
rapid, relatively, as was that
the full measure of the increase in
capacity thus pro¬ of the seventies and eighties.” We have no
statistics
vided. For instance, the mere addition to the
number dealing with the West
alone, but this statement dis¬
of cars tells only.part of the
story. For, as every one plays utter
unfamiliarity with the facts. In 1874
knows, the size of the cars has at the same time been
gross earnings of all the railroads in the United
States
enormously increased. Moreover, there has been a fur¬ at that time
were,,according to “Poor’s Manual,”
ther gain in capacity
by the adoption of improved meth¬ $520,466,016; ten
years later, in 1884, they were no
ods of handling traffic and
by adding to the lading of more than $777,396,217. On the
other hand, in the
the trains. Referring
again to the Inter-State Commerce ten years from 1896 to
1906, the further addition alone,
statistics, we find that in the
eight years from 1897 to as shown above, has been
$1,325,000,000. In the
1905 the average train-load on the railroads
of the whole of this
ten-year period there has not been a
United States was raised from 204 to 322
tons—an single
year that has failed to record increase.
And
improvement of considerably over 50%. Would a in that
particular this period is without a parallel in
Government-owned system have been able to do better
American railroad
history. United States railroads
than this?
Would it
have been able to do as well as
We would also ask the Editor of the
“Review,”
would such results have been
possible with half the
this?
railroad system, as he asserts, in
with “rotting cross-ties,
sharp
In
state of
a
decay—
light rails, wooden trestles,
curves,
bad grades, Arc., Arc.”?
with
common
one
ments,
the present time are
earning between$2,400,000,000
and $2,500,000,000
gross per annum on rates only
about one-half to one-third what
they were in the
seventies.
at
Thus the situation has been
human foresight and human
literally such that
planning could not pro¬
many others, the writer in the vide for it.
The traffic congestion and car famine
“Review” has failed to diagnose the case
corrcctlv. did not reach
really serious proportions until the
The real trouble has been that growth has
proceeded j autumn of 1906. Previouslv, there was more or
less
on
such a marvelous scale that it has
been im¬ complaint at the
busy seasons of the year, but relief
possible, having due regard to prudence, to provide was never
long delayed. The crisis which came in
for the same, and that more
recentlv the Toads have 1906 is not hard to
explain. Business everywhere
been hampered in their efforts to obtain
additional 1 continued extremely active, one of 1
he chief influences
capital because of the hostility displayed against in this
being the very orders for equipment, and
them.
sup¬
We j. ! w ><<me figures last week in
our article
plies which the railroads had given in their endeavor
reviewing the gro.~s earnings of United States railroads to add to
their capacity for
handling and moving
for the lau* calendar war which are
verv illumining
traffic.
On top of tjiis wo hud another
bounteous haron
this po'mr.
Therein we showed that the further ! vest
succeeding very large crops in the previous sea¬
addition to gro-s '*arning<
during the calendar year sons lor several successive
years.
The flood of immi¬
1906 had been no less than
$240,000,000. Further¬ grants, too, ironr foreign shores has
been stead ilv
more wo brought out tin fact
that this was simply the rising. The
part played by this latter cannot be ox.culmination of a long series of gains which had
been Laggerated.
It may surprise the reader to hear
that
piling up war by year since 1896, with the result in the late
calendar year the* additions to
population
that the aggregate increase for the decade
reached the through
immigration alone were almost 1 !.j millions
prodigious sum of si .325.000,000. In other words, —the exact
number was 1.229.942., If
so
.
in 1906 the
revenues
of
our
to
roads
the immi¬
larger by $!,- grant arrivals we add the gain in the
normal way
325,000.000 than they had been ten
years before in
through excess of births over deaths, the increase in
1896.
population^ for this single period of twelve* months is
Ami (very portion of this
tremendous increase-- brought
up to over two millions.
And this has beenand more,
too
represents additional
traffic; for going on for many successive years. To
cap the
rates in
1906 wen*
unquestionably lower than they climax then* came* the fuel
scarcity
in
West.
which
the
had been in 1896.
So figures an* available for
ihe made it necessary for the roads
to-neglect their ordinary
latest year, but for the fiscal
year 1905 tin* Inter- freight, and rush
through supplies of coal. Last of-all.
State (’ommem* f'ommission
reported tIk* average snow blockades on some of the most
important systems
rate per ton pm
mile for the whole country at only served further to
intensify
the
congestion.
7.06 mills against 8.06
were
mills in 1S96.
to t he*
When
figures showing the vuluine of the freight ...traffic
the aggregates
measure
oj
of
an*
fabulous
ihe volume of
extent.
serve e
rendered.
It
is
The
best
work done is the number
mile
disrega ruing for t his
of tons of f reighi moved one
ocr-aMon the passenger business.
The
ment one mihrepresents the units of
therefore
a
freight
move¬
transportation
startling fact
that while in the fiscal
year 1896 1 he number of sueli
units fotir
authority is again the Inter-State Commerce
Commission)
was
At
we come
95,328.360.278. for the fiscal
war
1
a
time when there
was more
lor the railroads to add
motive power, their
to
need than
ever
before
their facilities—to
their
supply of ears, their track, yards,
-they wen* suddenly shorn of a
large part of their borrowing
capacity. All through
1906 it was almost
impossible to float new bond issues
and other essentials
on
any
reasonable
terms
and
Ihe situation
in
that
respect finally grew so bad that the present
year the
railroads quite
generally have been forced
to resort to
the
old-time device'of issuing short-term
notes
rather onerous termw
Railroads whose share
on
capital
Feb. if> 1907.
363
THE CHRONICLE
high premium in the market could deceive. The Pennsylvania Railroad was found much
arrange to get needed supplies of capital by offering involved in this way, but even in its case, as soon as
the matter was brought to light the directors of the
new shares at par and giving the purchasers the benefit
of the premium.
But roads not so situated were al¬ road, under the lead of Mr. Cassatt, took prompt
most helpless in their efforts to obtain new funds. measures to eradicate the abuses which had grown up
This is the most unfortunate phase in the existing state almost imperceptibly from a time when the railroads
of affairs, for it prevents railroad managers from were extremely anxious to add to their traffic,and a
carrying out plans of relief on a scale commensurate railroad official who possessed connections with an in¬
with existing needs. It is our opinion that the cause dustrial enterprise that could furnish such traffic was
of the prevailing distrust must be sought in the hos¬ considered a very desirable acquisition.
The Inter-State Commerce Commission, as we re¬
tility of public sentiment, but we have no desire to
argue the question here.
We wish simply to note the cently showed, last month issued a report on this very
fact and its consequences.
subject of the interest possessed by railroad officials
As for the charge that the railroads are controlled in corporations or companies operating coal mines
by plutocrats who give their time to fostering Stock or engaged in coal traffic, and we commend this report
Exchange speculation instead of to developing the to the consideration of the editor of the “Review of
properties under their care, this need worry no one. Reviews.” The report related to the bituminous coal
There was a period in the history of our railroads when roads in the territory between the Ohio River and the
Wall Street manipulation counted for more than good seaboard, and in it the precise situation with reference
management of the properties. That was the period to each company is specifically described. Concern¬
of the “seventies,” to which the critic reverts without ing the Norfolk & Western, the statement is made that
apparently knowing anything about it. In recent “no officer of the Norfolk A Western is shown to have
times railroad values have been built up by building any such interest.”
With reference to the Chesapeake
A
Ohio
the
statement
is: “One officer of the Chesa¬
up the properties themselves.
The “plutocrats” may
have made fortunes out of the properties, but they peake A Ohio Railway Co. has an interest in live or
have been made only in that way—by raising the six thousand acres of coal lands in Kentucky, about
physical and financial status of the properties, by in¬ 30 miles from the line of the Chesapeake A Ohio Ry.,
troducing economies in operation,, and in other ways and there is no coal operation on the land.” Concern¬
ing the Western Maryland RR., the statement is:
improving their income.
Mr. James J. Hill is admittedly one.of the ablest “One officer owns five shares of. the capital stock of
railroad men in the country.
He raised the lines out the Abrahams Creek Coal A Coke Co., par value $100,
of which the Great Northern system was formed from which he had purchased from the President of the coal
hopeless bankruptcy to a plane of high prosperity. company.”
As to the Pennsylvania Railroad, the facts disclosed
Will anyone seriously contend that he has at any time
neglected the interests of the Great Northern property? in the investigation as they have already appeared
The same remark may be made with reference to Mr. in the public prints are set out, and in the ease of the
commands
a very
Edward II. Harriman.
the
He also is
a
railroad
man
of
highest order.
He took control of the Union Pa¬
cific when it was insolvent and by rehabilitating it
physically and financially has made it one of the best
paying properties in the whole country. Can he be
charged with neglect? Or take Alexander J. Cassatt,
lately chief executive of the Pennsylvania Railroad.
He planned for the future of the Pennsylvania Rad road
on such an extensive scale that some critics
began to
throw out sly intimations that he was losing his senses.
Or yet again, refer to the Southern Railway, which,
through Mr. J. P. Morgan’s faith and indomitable
energy, was placed on its feet when previous attempts
had proved failures.
Mr. Morgan put the late Samuel
Spencer at. the head of this undertaking, and it stands
as one of the great railroad successes of the day.
Did
not Mr.-Spencer devote himself to the task with a sin¬
gleness of purpose that will always merit high credit?
We have certainly never heard it charged that he had
his eyes fixed on Wall Street.
There is only one other point to which we would
advert.
It is the statement that “the smaller fry of
railroad officials have been the holders of stocks in
coal
companies, Ac.”
There is
in this statement, since at the
last
sion
summer
some
closed.
a
substratum of truth
investigation instituted
by the Inter-State Commerce Commis¬
isolated instances of that kind
But
were
dis¬
they were mere isolated instances. To
the idea, by implication or otherwise,
general in their nature and extended to
seelvHo convey
that they were
the whole railroad svstem of the United States, is to
Baltimore A Ohio RR. it is stated the evident
e
showed
that ten officials of the company owned an aggregate
of 7.17S shares of stock of coal companies, par value
On the other hand, with reference
$100.
York
Central, this declaration is made: “No
ship by
of
the New
to
owner¬
officer or employee of the stock or bonds
companies is disclosed except that certain
any
coal
shares of the Beech Creek Coal A Coke Co., oi' the
Clearfield Bituminous Coal
Corporation, and underly¬
ing companies, in which the New York Central has
stock interest,
issued in the names of certain
officers of the railroad company to qualify them as
were
directors of these coal companies, that
they might
the holdings of the railroad company.”
Concerning the Buffalo Rochester A Pittsburgh Ry.,
represent
this is the statement: “There
was no
evidence
disclosing
ownership by an officer or employee of this company
in coal companies other than the interest of President
A. C.Yates in t he Pittsburgh Gas Coal Co., and that the
Iselin family own a majority of tin* stock of the railroad
company and also a controlling interest in the Cowanshannock Coal A Coke Co.”
With reference
to
both
the Buffalo A
Susquehanna RR.*and-the Pittsburgh
Ry., the emphatic declaration
is made that “there was no evidence disclosing owner¬
ship in coal companies by any officer or employee of
this company.”
We have gone thus at length into the matter in order
Shawmut A Northern
that the reader
might see how .slender is the foundation
upon which apparently rests the popular belief that
cases where officials and employees are interested in
361
THE CHRONICLE.
enterprises which
of the roads
are customers
The structure consists of
are num¬
The truth is that
erous.
they are very rare, and the
same remark
applies with reference to nearly all the
other accusations and allegations that are made
against
the roads.
Instances of irregularities are exceedingly
few.
The statement is correct even when
applied to
the subject of rebates, which have been so
prominently
in the public eye since the authorities decided to en¬
force the provisions of the law in that
respect.
Where
one case
a
L XXXIV.
trestle in the form of
an
A, the top of which is flattened enough to
carry the
main or mono-rail, on which run the two
driving and
two
trailing wheels which carry the weight of the car,
these wheels having grooves 3 inches wide and 2 inches
deep, to admit the track rail. The car—pointed at
each end to reduce wind resistance—is about 42
feet
long and 11 feet wide, designed
to seat 170 persons:
it bestrides the structure, somewhat
bestrides his horse.
Projections,
,
there is
(VoL.
of rebate there have been ten thousand
as
a
horseman
roughly correspond¬
against ing to the idea of the horseman’s legs, depend from
concessions and secret preferences and rebates has been the
body of the car on either side; each of these de¬
faithfully observed. If the condition of society should pending portions carries two horizontal wheels, one
be judged by the police court records and
by nothing above the other, which wheels run on guide rails on
else, the judgment would
necessarily have to be a very each side of the A-shaped structure. These depending
unfavorable one.
But every one recognizes that lugs
(or “legs”) also carry the driving motors, which,
such records deal only with the frailties of human
by means of a speciabchain-belt, drive the shaft that
nature.
In like manner the whole railroad
works
the central driving-wheels on the
system
top-rail.
and all the officials connected with it cannot be
The
whole
trestle
rests
justly
upon wood sleepers 9 feet long,
condemned because of the shortcomings or the
de¬ and on the outer ends of these sleepers are the two
linquencies of the few. The bad is brought to light feed-rails.
and given great prominence, the good remains
The
central
rail
on
con¬
the top of the A
car¬
cealed from view because there is
really nothing ex¬ ries the weight and supplies the traction surface;
ceptional about it—it is the normal, prosaic state of the two pairs of rails on the sides serve as
guides, while
things, while only the abnormal things excite atten¬ the outside pair are mere feeders. The centre of
tion and furnish food for the critics.
gravity being well below the upper rail, and the guidewheels being hooked bv their flanges below the
edges
or
hundred thousand
a
where the law
cases
XEW HIGH-SPEED RAILWAY PLAN.
The call for increased speed in railway travel is still
tar from satisfied.
During the past few
.1
of the rails
the sides, it is certain that the car could
not leave the rails unless the structure itself were
on
have thrown down. The wheels on the top rail are within
on
behalf of this and the chief tlie body
of the car, but of course are inclosed. The
Euroi>ean countries as to the speeds
averaged by the slight oscillation or lateral swing of the car on the top
best express trains, as well as the results of the
special rail is provided for by an ingenious system of springs.
Z os sen experiments in
Germany. In the latter, using The structure is to be about 0 feet high, but some of
eWtric power, a rate as high as 1 .’10 miles an hour was the heaviest
portions of the weight move oiilv a few
attained in an exceptional performance: but the con¬ inches above the
bottom, so that the practical effect
years we
reviewed the claims
clusion
was
realize in
that the road would
practice
a
rate at
endure it. and
not
to
above the 100'miles
or
hour which is the
an
of this
down-hanging construction is that of a con¬
tinuous “flange” of some 3 fees in contradistinction
to the usual
flange* of not more than an inch on the
.
popular ideal, special construc¬
On land as on water there is a ordinary, car-wheel. As there; is
only one running
speed limit beyond which it is commercially imprac¬ rail, the* usual side-drag on curves is
lacking and the
is necessary.
tion
ticable
to
because after such limit the required
go.
extra resistance
what would be
em
sharp
curves on a
and more swiftly the increased two-rail track is only slight.
speed. On land 110 miles stands now as the maximum
Tips is a structure directly on the; ground.
commercially practicable: the problem, then, is how alternative one; is elevate*d, carried on a
power outruns more
attain from 75
to
110 miles
to
without
physical difficulties insuperable.
Viewing the railway as we have it
finding the
tie* layman has
jxu’ceiving that tin* greatest obstacles
desirable speeds are the extra power needed
.
Trouble in
no
to These
and
the danger of derailment.
especially
on
curves,
while if the track is further inclined to the inside of
the curve* the risks of derailment, on the inside increase
faO
a-
curve;
the n-ks of the
a*-
becrea-e.
same
1
on
he outside of the
Jt B a.Bo
An
single pillar,
portions of the-clcvnteel roads now in use*
here, and this whether a single* or a double* line* is
mounted upon the* one; pillar.
The* claim for it is that
this: would be* lighten*, less obstructive to
light, and air.
and less unsightly than existing elevated roads, as
well as that it, would be
nearly noiseless, whether
renting on the; surface or eaarricel above. If elevated,
if can be* independent of the* profile; of the; surface*.
To facilitate stopping and
starting-by raising the sta¬
in
as
some;
impracticable to operate at tions above* the; level, am! te> make* e*ae*h car automatie*greatly varying -peed- on the ,-ame line*, and our roads ally e*]ove* one* “block” behind it. are* <l<*vic<*s e*asilv
already have trouble- in ihu- managing the speeds applica 1 >le* j o cle*e-t rie* rnaejs
t! n-y a ri uBng: Bo t he
A piece ot re>a.el on t his
problem oi-.-alety i- 1)ie* /nost
pla n a bout 10 miles in lengt h,
j * -oBb:
ne
a
te
11n h '/h<*-'
-pee*d~ on a Two-rail is in operatiem in Ireland, and tin-re* is alse> erne* short
.
-
,
e
i
,>
J
ole ;Jtejrnat.i
-
o*
oab
ib*
-
?n
t *
,
Inn-
B D;.d
1
•
-
j.
'i ln;
a
<
'
:1 V
;
,
a
ft,
•
Ha
1-
f; \
a
d 1
1
no<
’
n
<
:: i
hi" h
Vi
■
c<
<
1
-
To
-
-
1
*
I c
>
m
is/
-
mono-rail.
i! i1 ^
conrnci
f
ie<na
■
i
ms i rn
pr<
.
in
t
ve; J s
e
Bo >'
- -
:
a
t
*
i
’> !
j
-
ji
in;<
■
/' c
•
iJati’.e
/K
g<
c
a
<
o
v\ < "<
e*
jj
a
11V
mi
v
v.
<j.
on
a
-
a
/mniIn •/* oi
|/|<
-< (j!
OII
(ju;riuan y.
plan for Done*y Bland is
111) < ’one-v
'A a
in
tin*
time* oi
b<-lore
month'-.
publje
Ul
COIII-
it'-
be
1 (n*
n »n
at
at
<>]
tins proposes! line to
SI 70,000 per
not
built., this: woiiiel be-the
lh<- I lilted Slate*-.
urban
<*<«-1
imah-el
const rue-1
11
doubt oi it:ot
ed
I here
physn-al Baaibilil
I ra
import a I ion
during tin- rush hour
,'i-em>
y,
and
more
mile*, and
than
lwe*lv<*
Inst, mono-rail line*
to
be
no
mih-c onr
room
for
problem
with the- \ohniu- ol trallnte;rdib( increasing faster than
,
Feb. 16 19D7. j
3G5
THE CHRONICLE
have been given preference over other kinds of traffic,,
bridges and sub-lines can be supplied,ns becoming
more and more serious, this special adaptation to the disarranging all the train schedules and interfering
conditions needed for swiftly moving single cars seems still further with the ordinary movements of freight .
The result in the Great Northern’s case is reflected in
to be well worthy of friendly consideration.
a loss in gross earnings, as compared with the corre¬
sponding month in 1908, of no less than $1,101.13-1.
The Northern Pacific’s loss is not so
Our preliminary tabulation of the gross earnings of or over 30%.
United States railroads for the first month of the pres¬ large, and yet amounts to $416,555, while the Canadian
new
calendar year shows a comparatively small in¬ Pacific reports a shrinkage in its total of gross of $236 crease over the month of January last year.
It is 000 and the ‘‘Soo” road a decrease of $232,050.
With such heavv losses on the roads named and also
deci
that
any
ent
there should be
in¬
crease at all.
In the first place, comparison is with some losses by other roads, it must be counted as an
extraordinarily favorable results in 1908, our prelimi¬ extremely gratifying fact that our statement as a
whole, covering 93.516 miles of line, should show a
nary statement at that time having shown no less than
In other words, in face of
$9,168,978 increase, or 18.88%. In the second place, balance on the right side.
the
outlined
above, our tabulations
adverse
conditions
some of the roads had very unfavorable weather con¬
ditions to contend against this year.
This was the record a gain for the month on the 93,516 miles (cov¬
opposite of the situation which prevailed in 1908. ering 6S roads) of $1,544,739. or 2.23%. This fol¬
when the weather nearly everywhere was extremely lows. as already stated, $9,168,978 gain in January
mild, this having been one of the important factors in 1906, when our compilation covered SI,sod miles of
It also follows a larger or smaller increase in
the exceptional amount of improvement recorded at line.
the corresponding month of all the preceding years
that time.
The present year the weather over about three- back to 1897,with one exception, as may lie seen from
the following.
quarters of the country was normal, which means that
there was about the average amount of interruptions
Earnings.
Mileage.
Incr.-as--1
>
to railroad operations from storm and low tempera¬
Year
inYear
PriCiding.l Decrease <
)Given. Prec'ng. cre'se
tures, as against the almost complete absence of such
\files.
.\files.
impediments in 1903. On the other hand, there was
91.11.1
90.550 0.02 13.135.597 35.962.790
2.827.193! 7 96
124
1.VJ7
125
95.M7 94.673 0-99.40.531.246 14 640.631,
5..**90,615:17-00
one section where the weather and the meteorological
93.005 92.416
1 29 42.071.10 5 39 423.094
-2.049.109 6.72
95.541 91.427
2.20 4'.Ov>.9oO 41.770.210 -6 315.720.15 10
conditions were exceptionally severe, and where as a 1900
102
97.169 94.661 2>4 55.177.25x 51 011 .757: - 4.345 501* S 51
loo;
95 656 94 011
l .75 57.169.120 53 120.110 4-4.043.010i 7.61
consequence the railroads suffered seriously.
We 1901
91.117 2.10 59.SS6.150 54.740.S27
+ 5.145 523. 9.40
77
749
2.42
46.25s.053 4-8.085 470 --1.S27.417J 3-80
79.629
190
to
refer
the territory in the extreme northern part of 190.J
SO.ltWV 7S.1.1S 2.31 49.559.s69 46.790.179 — 2.769.6901 5 9*2
>09 79.997 2.27 57.72s.>97 48.559.919
+ 9.168 978t 18-88
the United States lying between Lake Superior and 1907
93.516 91,670 2 01 70.798.432 69.253.693 - 1.544 719| 2.23
6S
the North Pacific ('oast.
On the other side of the
Neither th? rirnlnsrs of thn Mexican roads nor the minins operations ol
boundary line, in Canada. the state of things, of course, the anthracite coal roads are included in this table.
was equally bad.
There were some other adverse features.
Notwith¬
The roads most affected were the
northern trans-continental lines, the Great Northern, standing last season's exceptional grain harvest, the
the Northern Pacific and the Canadian Pacific, besides Western grain movement, measured by the arrivals
the “Soo,‘ or Minneapolis St. Paul & Sault Ste. Marie. at the primary markets, did not equal that of U.MJ6.
There were unexampled snow blockades in North The deliveries of corn were somewhat larger, but the
Dakota, in Montana, in the Cascade Mountains, and receipts of wheat and the other principal cereals under¬
all the way to the Pacific.
In addition, the tempera¬ went marked contraction. Thus, for the live weeks
tures were extremely low. running from 30 to 50 de¬
ending Feb. 2 the receipts of wheat at the Western
grees below zero oast of the mountains.
The snow in markets were only 18.973.248 bushels, as against 19.the Cascades, is reported to have been the worst in 396.898 bushels in the same five weeks of 1905: the re¬
the history of the Great Northern road, and the same j ceipts of oats 15.922.980 bushels, against 19,020.184.
statement is made with reference to the extreme cold : and the receipts of barley 6.525.006, against 7,416.760
bushels.
The deliveries of corn were 25,907.909 bush¬
experienced all along the line.
As an indication of the way the Gif'at Northern | els, against 2l.290.U7 bushels.
Taking the four
suffered, reference may be made to the fact that on; cereals mentioned together, and adding barley, the
Jan. 17 a telegraphic dispatch from St. Paul stated ; receipts of all combined for the five weeks thi- year
that an overland train from Seattle had just arrived foot U{> 05,079.080 bushels, against 07,818.280.
It
there after having been delayed for ten days in Mon- ivmains to be said that the live-stock movement in
tana and North Dakota.
Similarly, dispatches from j t|Uv West appears also to have been smaller. At all
Seattle later in (lie month reported trans-continental | 0Vents the receipts of live hogs at Chicago for the even
traffic on the Great Northern completely paralyzed on j uumth were only 178.011 head, against 285.055 head,
account of the snow in the Cascades and accompanyqql0 following statement in our usual form sh*>ws the
mg snow slides.
In North Dakota the trouble trotn ‘Oxtails of the Western grain movement,
snow blockades really dates back to December, and it
wfsifun hoik vndokvin kwiuimv
Five weeks enJm<
^usA. >
i&US/l
K0,il:
Fet>. 2.
is stated that on a stretch *4' the “Soo” road in North Fl'*nd‘
;0) 25s
021212
80|. 102
97 s.92s
Dakota, a distance' of about 800 miles, not a train had ’ too:
179 907
dnuiuKe
been put through since Christmas up to the end of
t*0O
n27 06*0
71.5
s_‘5
IV07
000
ledly encouraging
V
Gross
-r-
Jan uanj.
Ytcr
Year
or
•
Given.
—
.
Roads
Year.
—
IH'JS
IS99
11s
10 4
..
94
75
66
190 2
-
4
02
54
.
190 1
95.095
M
..
.V >i;. —
e
Flour
>
i
\
91 i.'s
a ■<
(’•'uea; >
l >0
VI,S
1
1 005 syo
12S
KW 725
050
03s.72 *
271 700
211 555
S9S 015
n
•
101
\l
no
-SC Louis
1907
January.
occasioned by snow and cold,
the Groat. Northern ami some of t ho ol her roads in t hat
section had another difficulty to contend with,
(hi
account of the continued fuel scarcity, coal shipments
Besides the drawbacks
1905
|
!
Tolxlo
1907
1905
i>< tTy.nl
1907
1 H*0
s
s5« 2..oi
r
■
,
>/. </|
‘
7
13
'*
<
*
.
2
vl|
*’ }
233.62V
>01 * V\
150.200
7 11 5o0
l t
10.1 *.kV
230,*. h;o
2 103 :*>'
3 03 5 200
2 >.>9 90. >
v.>3 304*
5».-W
t 03 l 645
13 S. 035
3 04 1 Vi\>
t**H'
; io ooo
237 i*09
l >7 0 *0
1 o a ooo
s0 i 0**0
3v>2.7iH*
1 V M*> *
4S3 579
167 7<k>
92s s7n
2 10
106
»
*
1 t.100
30
AH*
si
: t:
1 13 3* *9
1 *.
l 1
>
s
21*0
: i
wo
366
THE CHRONICLE.
Five weeks ending
Feb. 2.
CUr eland—
1907
Flour
1906
Peoria—
1907
Corn
(bush.)
(bush,)
(bush.)
Barley
(bush.)
6,387
3,S91
114.330
53,740
880,703
1.059,185
313,267
423.455
9,750
21,125
2.200
74.400
66,700
2,000.560
1,159,400
994,500
428,000
1,183,600
323,900
35.000
29,900
173.195
1,175.598
49.232
582,L13
62,760
51,308
93,700
1906
Duluth—
87.230
1907
Oats
1,73,768
3.349,685
1906
Minn* a polls—
1907
1906
7.094,526
10,098,640
1.065.280
645.120
2,540,000
2.161,000
1,130,000
3,327,000
Kansas City-1907
1906
Total of ail—
1907
1906.
Ky\
Wheat
0bbls.)
EARNINGS OF SOUTHWESTERN GROUP.
1904.
1903-
1902.
$
997,930
8
780,639:
000,297
1,340,817
1,218,328
481,461;
489,550
1,456,081
1,493,749
3,243,793 3,534.557
676,453 j
680.371
1.137.8S7
1.139,450
S
741,112
1,371,158
513.030
1,403,336
3,593,937
594,658
1.057,060
655,125
1,367.091
432,013
1,311,024
2.913.S57
040,567
1.064,750
12,277,177 10,491,005
9,102,308
9,274.297
8,384,427
Col & South.a.
1,146,266:
Den A Rio Gr. j 1.671,200
1,560,000!
Int A Gt North
757.500!
546,000
Mo Kan A Texj 2,293,266 1,693,094
Mo Pac A C Br
3,919.000 3,696.000
St Louis S \V__
883,417
715,639!
Texas A Pacific^ 1,606,528
1,282,342
1.824.350 1,053,010 191.845
2,343,280 1.373,540 196.190
Total
505,800
726.600
For 1907 and 1906 Includes all affiliated lines except Trinity A Brazos
Valley
RR. and for 1905 includes all affiliated lines without any
exception.
For previous
years we have combined Colorado A Southern and Fort Vrorth A Denver
City.
EARNINGS. OF
however, had the advantage of a
much lnrirer cotton movement.
Thus the receipts
at the Southern out ports for
January 1007 aggregated
1,320 .200 halos, against only 500,240 bales in
January
1 000. and the shipments overland amounted to 302,715
’
Canadian Pac. |
ChicGt West..
Dul So Sh A At!
Gt North Syst.
rowa Central..|
Minn A St L_.,
MinnStPASSM
Northern Pac.;
Total
RECEIPTS OF COTTON’ AT SOUTHERN PORTS IN J ANUARY
I WOT. 1900, 1905, 11)04, 1903. ANI) 1902.
a
S
4,173,000!
«703,754
233,0891
2,546,526
270.069
293,338!
January.
Savannah
Brunswick. Ac
Charleston
(Jeorgetown.
,vc
1300. I 1905.
1904.
,
1905 +
,
..
Wilmington
are
based
Newport News, Ac.
Total
Southwestern roads also
cotton
cotton
movement,
were
OF
MIDDLE
["
1007.
AND
by
larger
through
a
run
continental lines.
Hitherto, it has been these
continental
which have been
roads
increase.
Now
they
are
in
the
trans¬
van
for
found in the’de¬
souri Kansas Sc Texas this time leads all others with
’
1906.
$600,172 increase; the Texas & Pacific has $324,186
increase: the Louisville Sc Nashville 8301,251 increase,
In the list of dec
reases,
mentioned above, there
besides those of the roads
few
others, but for very
will be seen by the follow¬
are a
much smaller amounts, as
ing.
/PRINCIPAL
CHANGES
IN
GROSS
EARNINGS
IN
JANUARY.
Increases.
Missouri Kansas A Texas.
Grand Trunk syst (4 rds;_
Texas A Pad lie
Louisville & Nashville
N Y Central A Hud Klv._
Mo Pacific Sy-d <2 rds)
tntcrnat'l A Gt Northern.
Michigan Central
Central of Georgia
St Louis Southwestern
Illinois Central
Colorado A Southern
.
Denver A Rio Grande
Mobile A Ohio
Yazoo A Mississippi Valley
Wabash
Lake Shore A Mich .So
Chic Indiana A Southern.
Western Maryland
.
complete
.
.
our
Increases.
$600,172 Ala N () A Tex Pac (3 rds)
$43,032
344,415 Chicago Great Western
43,499
324,186 Minneapolis & St Louis
36,126
301,251 'Gulf A Ship Island
30,595
226,726 Texas Central
30,015
223.000
21 1 ,500,
Total (30 roads)
.$3,755,256
199,0841
Decreases.
176,600'Gt Northern Syst (2 rds) .$1.101 ,134
167,778 Northern Pacific
416.555
156,993 Canadian Pacific
236,000
148,336iMinn St PASS M...
232,050
111.200 Cine New Or! A Tex Pac
103,901
89,774!New York Chic A St L.
51 ,178
79,759 Buffalo Rochester A Pltts,.
50,969
01,908 Lake Erie A Western
42,662
50.449iClev Cine Chic A St Louis.
35,251
50,079,
50,579!
Total (10 roads)
.$2,269,700
•
...
.
.
.._
analysis
we
..
furnish the following
six-year comparisons of the earnings of the leading
roads, arranged in groups.
EARNINGS OF SOUTHERN GROUP.
i
1907.
*
Ala. Gt. South.
Ala N O A T P.
N GAN E..
Ala A Vicks.
Vick Shr AP
Cent of Georgia
Cin N O A T P
Louis A Nash.rf
Mobile A Ohio.;
Southern Ry__
Yazoo A M V.
.
■
'
$
350,702
1900.
1905.
1904.
1903.
$
i
328,021:
$
271,584
$
252,415
$
228,503
198.038
211,130
130,559
130,051
807,206
505,041
3,008,285
038.783
3,722.044
756,157
213,040
100.135
|
284,595
148,013
139,052
1.098,349
005.4611
4,050,800!
905,7591
4,577.302j
981,3771
1902.
I
263.577:
132.865
132,786*
113.841
121,258
744,973
921,749!
709,362)
584,341
3,749,549! 3,100.235
824,985!
029,094
4.553,350! 3,731,114
901,018*
815.408
13,148,070' 12,517.80«! 10.309,946
10,228,877
115.409
$
230.374
184,042
97,151
102,343
850,053
490.792
3,000,753
074,207
3,507,958
049.950
2.724,750
580,016
3,284.688
038.314
0,800.032
9.003.915
i
January.
702,442
458.589
d Includes earnings of Atlanta Knoxville A Northern in
1904, 1905 and 1906.
1905.
1904.
S
604.777
380.101
482,979;
348,529;
2,556.340
4,0.85.967
0.044,45S
100,933
283.784
1,852,049
320,317
1903.
S
1902.
?
367.388
; f 2,084,322
2.253,378 (
454.531
'1
94,897
3,051.170
5,380,746;
122,555
242,229s
1.77?,413*
289,725;
S'
478,514
573,6361
3,777,861
0,239,441
105,858
281,692
1,672,454
327,110
334,084
1.771,406
394,186
112,416
3,493.554
5,401,007
96.313
218,001
1,660,211
267,283
19.413.483, IS,029,087:16,228,726; 14,542,724; 15.979,190 14,226,975
!
1
!
GROSS
EARNINGS AND MILEAGE
IN
Valley RR.
and
JANUARY.
Gross Earnings.
Name of Road.
1907.
!
M ilea go.
Inc. (+ ) or
Dec. (—).
1906.
Alabama Great Southern. 1
Ala New’ Orl & Tex Fac—
New Orl & Nor East
Alabama & Vicksburg.!
Vicks Shreve & Pacific J
.
c
$
350,702
$
328,021
284,595
263,577
148,613
132,865
139,052!
5,133
057,703
132,786!
Bellefonte Central
Bulfalo Rochester A
Plttsj
Canadian Northern
351 ,400
1
Canadian Pacific
j 4,173.000
Central of Georgia./.
1
:
,098,349
Chattanooga Southern
:
14,007
Chicago Great Western
703,754
5,683
708,672
359,900
4,409,000
921,749
418,800
245,428
129,304
605,461
74,190
1,828,801
241,700
417,241
194.749
146,487
709,362
70,863
1 ,864.052
262,027
1,146,200
997,930
...
Total
GROUP.
1907.
1906.
*
column, and Southern and Southwestern com¬
panies are at the top of the gain column. The Mis¬
To
9,918,621
.
crease
1
1902.
territory, and it is the gains of these roads and
amount of
V‘
WESTERN
The Pall Brook System, the Beech Creek RR., the Wallkill
the Boston A Albany included for all the years.
b Includes Canada A Atlantic, beginning with October 1904.
those in the South that have served in the main to
offset the heavy losses sustained by the Northern trans¬
&c.
MIDDLE
a
favored
least those that
at
1903.
i
Total
j
,
1904.
GROUP.
ill miles less road.
|
1,329,296 599,249 670,775 770.550 953.391 9IS.558
1
f
on
?
?
Buff Roeh A P
057,703:
708,072;
Chic Iml A Lou!
11!
417,2
41S.SOO!
Gr Tk of Can. 1
r
Gr Trunk W.) 63,240.854' 2,S96,43T
Det G 11 A M. J
i
Illinois Central 4,073.431
4,510,43.8 i
NYC A 11 R.a 7,412.494 7,185,768j
Tol Peo A Wes
Ill,011!
112,3191
To! St L A W.
333,226!
304.8801
Wabash
2,107,903 i 2,046,055
Wheel ALE..
458,001
441,275!
'
Norfolk..
1905-
PACIFIC
S
S
4.409,000! 3,252,502! 2,890,599 3,148,455 2,621,792
a660.255! 0590,280
599,994
618,126!
629,088
235,8631
199,901
178,356!
197,279'
192,156
3,647,660: 2,947,1361 2,607,278! 2,728,430! 2,535,140
244.888'
212,037
220.294
244,377
200,349,
257,212
222,324
206.625!
222,219;
262,976
662,828.
484,8341
455.570*
847,249;
400,715
4,556,114; 3,324,012 3,108,591 3.285,706 3,032,377
615,199!
1902.
591,514 202,189! 142,S27 238,709 270,485 244,609
26,432 13,311 37,608 35,431 21.783
2,885
369.804 174.836. 280,861 270.390 294.726 349,764
35.698 22.249^ 21,402
16.878 31,835 15.553
27.364 37.855! 25.219 19,9611 30,723 40.411
134.928 72,585! 83,543 95,736 102,012 130.338
18,374 19,501
16,466 17.985: 17,568, 14.724
8.249;
6,574
5,881
4,944, 23,984 27,253
270
234
129
681
62
30,700 13.934 10,135 14,955! 25’,609 26.423
74.705 32.935' 39.098 50,524 .76,779 62,711
3,046:
11,138.
1,606
4.909;
2.816
3.786
NORTH
S
4,139.559
EARNINGS
,
1906.
AND
112,974,534] 14.S58.241 11,411,020 10,288.620,10,876,091
Results
Jan warn.
bales
NORTHWESTERN
1907.
January.
bales, ayainst 161,05S bales.
Galveston
Port Arthur
.New Orleans
MohiiC
Pensaola, Ac
S
a
Southern roads,
1907.
LXXXIV.
(bushJ
3, 100,610 15.973,248 25.907.969 15,922,980 6,525.006 749,833
1, 291.799 19,396,398 21.290,117 19,020,184 7,416,766 689,765
Forts.
[VOL.
Chic Indianap & Loulsv...
Chic Indiana ASouthern.l
ChicagoTermlnal Transfer
Cine New Orl A Tex Pac
Cincinnati Northern
Clev Cine Chic & St L
Peoria A Eastern
_i
Colorado A Southern (inel
Ft Worth A Den City).!
Denver A Rio Grande
!
Detroit A Mackinac
!
Detroit Toledo A Ironton
Duluth So Sh A Atlantic.
Georgia .South A Florida.
Grand Trunk of
Canada.)
Grand Trunk Western
vj
Det Gr Haven A Milwj 1
Canada Atlantic..... J!
Gt Northern St P M A M
incl East of Minn
;
Montana Central
j
Gulf A Ship Island
i
Illinois Central
1
Internat'l A Gt Northern.;
Iowa Central
;
Lake Erie A Western
Lake Shore A Mich So
Louisville A Nashville...
Macon A Birmingham.
.
■
1
+ 28.681 j
2,890,439
2,352,887
3,410,4671
308
308
196
196
143
189
27
568
143
189
27
568
—50,969 !
8,500
—236,000
+ 176,600
+ 2,080
+ 43,499
+ 1 ,559
+ 50,079
—17,183
1 03,901
2,433
—
1,876
8,776
9.055
1,800
105
1,878
818
591
340
102
338
248
105
818
591
212
102
338
248
—35,251
—20,861
1 ,983
1,983
350
350
+ 148,336
+ 111,200
+ 6-.320!
1,839
2,532
1,646
2,470
343
684
592
395
684
592
395
—
+ 3 ,327
,071,200
1,500.000
99,436
93,1 16'
358,527
376,427
233,089
235,803
178,014'
169,875
3,240,854
■
+ 21,018
+ 15.748 |
+ 6,806
—550
1 1 ,918
660 255
—17,900'
—2,774
+ 8,139
343
+ 344,415
4.528;
1
6,039
1
193,639
237,193*
223,733
193.138:
4,673,431
4,516,438
757,500
546,000
270,069
244,888'
456.165
413,503
3,464,016 3,408,107
4,050,800 3,749,549
14,006
13,210
Manlstlque
3,971
4,937
Michigan Central
2,278,820 2,079,742
Mineral Range
53,146
01,303
Minneapolis A St Louis.
293,338
257,212
Minn St Paul ASSM...1
615,1 99
847,249
Missouri Kansas A Texas.; 2,293,200
1 ,093,094
Mo Pac A Iron M.tn
| 3,791 ,000 3,550,000
Central Branch
128,000
j
140,000!
Mobile A Ohio
j
905,759
824,985
Nevada Cal A Oregon
i
13,708
12,158*
N Y Central A Hud RlvJ 7,412,494
7,185,708!
N Y Chicago A St Louis..'
810,297
807,475*
Northern Paellic
4,139,559 4.550.114
Pittsburgh A Lake Erle._j 1,092.148 1,115,684
Rio Grande Southern
i
40,480
47,271
Rutland
194,895
197,856 i
j
St Louis .Southwestern
883,417
715,639
Sierra Railway
29,237
27,040
Southern Indiana
1 13,146
131,634 i
Southern Railway
4,577,362! 4,553,356
Texas Central
|
113,244:
83,229'
Texas A Pacific
1,606,528! 1 ,282,342:
Toledo Peoria A Western.
111,011!
112,319
Toledo St Louis A West..
333,226
304,880|
Toronto Hamilton A Bull
55.284
65,303
Virginia Southwestern
92,834
85,550'
Wabash
2.107,963* 2,046.055
Western Maryland
421,000;
370,421
j
Wheeling A Lake Erie...!
441 .275!
458,001
Yazoo A Miss Valley
901.618;
98J,377
|
...
...
..
j
Total (68 roads)
Net Increase (2.23%)...
$
.!70,798,432169,253,693i
,057,580
—43,554
+ 30,595
+156,993
+ 211 ,500
+ 25,181
—42,662
+ 56,449
+ 301,251
—
+ 796
—966
+ 199,084
250
307
4,371!
1,159
558
886
1
,520
4,298
105
78'
1,745
—8,157
144|
+ 36,126
7901
2,152
3,072
5,951
—232,050
+
600,172
+ 241 ,000
—18,000
+ 80,774
+ 1 .550
+ 226,726
388
926
164
3,774
—51,178
523
—410,555
5,781
—23,536
101
180
468
—701
—2,961
+ 167.778
+ 2,197
+ 18,488
+ 24,006
+ 30,015
+ 324,186
1 ,308
—
+
28,346
—10,019
+ 7,284
+ 61,908
+ 50,579
+ 16,726
+ 79,759
,451
1,
76
197:
.552:
2 69 j
,826
7,
1
248,
451
88
134
,517
544
498
,239
1,
+ 1 ,544 ,739i93,516 91,670
m
Feb. !t> 1907. j
THE CHRONICLE
Gross Earnings.
Same
the main bank and its branches.
Mileage.
of Road.
1907.
Mexican Roads (not iuclu
Interoeeanic of Alexlco
1906.
Mexican iuternationaL...
Mexican Railway
Mexican Southern.
National RR of Mexico..
000,7.SI
562,191
688,982
1/408,100
1/70,520
1,204.976
686,90.1
1/450,700
1/72,821
1,275,99!)
1906.
!
$
+ 38,590*
+ 47,922'
736
9 1 ’
736
884
+ 42,600'
+ 1,801.
+ 71.023'
321
263
1,730
1,730
1/The'O ligures arc for.three weeks only; fourth week of Jan.
82 1
203
not
yet
reported.
ITEMS ABOUT BANKS, BANKERS AND TRUST CO S.
—The
public sales of bank stocks this week
shares, of which 72 shares
and 19 shares at auction.
stocks reach
were
x45 Commerce, Xal.
Low.
: ,n3
Bank of.
Exchange Bank
x‘17 Manhattan Co. Bank of the.
Title'Guarantee & Trust Co.
*,
High. Close.
184 q
Last previous sal-.
184 h ’Feb.
1907
—
184 v
304
304
304
Feb.
1907
—
307 : i
800
;>oo
300
300
Xov.
1900
—
.295 \
TRUST COMPANIES—Nine
41 Lincoln Trust Co
0
trust company
total of 57 shares.
a
snares .BAX Iv S—Si iv 1 'ork.
19 Corn
aggregate 91
sold at the Stock Exchange
transactions^n
The
York.
;:uo
390
390
Feb.
1907
-
39 w
>72
.'<71'
572
57 2
Xov.
1900
—
572
315
Aug.
1900
•
These, he cites, are but
objections to the branch system. Taking up the
subject of trust companies, which were placed under the
supervision of the banking department in 1905, Mr. Bergh
points out that the statute under which these corporations
are created and governed is rather indefinite and its
meaning
in some respects obscure.
The need
f an amendment
which would more precisely de ne the powers of trust com¬
panies and clarify the meaning of the severa’ provisions of
the law, he states, is apparent.
With regard to savings de¬
posits, he gives it as his opinion that these should be treated
in all legislaton apart from commercial and other bank de¬
posits. Too much emphasis, he insists, cannot be laid on
the desirability of some legislative action which would pre¬
vent such disasters to savings depositors as often result from
failure of commercial banks which conduct savings depart¬
ments.
A practical solution of the problem would seem
to lie, Mr. Bergh states, “not so much in the classification
of banks into commercial banks and savings banks as in the
few of the
Inc. (+) or
Dec. (—).
1907.
S
5
ded in tot a ls>—■
!
classification of the deposits.”
—The stockholders of the Fourteenth Street Bank of this
TRUST COMPAX Y—Brooklnn.
HI.
10
x
People’s Trust Co
:> 1
*>
3 1 5
—
325
Sold at the Stock Exchange.
—All amendment to the constitution of the
Stock
mittee
New York
Exchange adopted this week by the Governing Com¬
will, if approved by the members, give to the com¬
mittee the power to
determine whether stock quotations in
any given case shall be on the basis of dollars per share or
on a percentage basis.
The section at present is as follows:
Bids and oilers shall he made on the basis of a percentage of the par value
of the securities dealt In; except that in securities of a par value of $10 or
less per share the hid and offer shall be In dollars or fractions thereof."
As
367
city at a special meeting this week authorized an increase
in the capital from $500,000 to $1,000,000.
The new stock
is to be offered to the present shareholders at SI50 per share
(par, S100), thus adding $250,000 to the surplus and bringing
that fund up to $400,000. - The increase in the capital was
rendered necessary by the marked growth in the business
of the institution, aggregate deposits having increased from
$5,618,448 a year ago—on Feb. 20 1906—to $6,945,051 on
Nov. 14 1906, and to about $8,000,000 at the present time.
The officers of the bank are: R. Ross Appleton, President;
John F. Carroll, First Vice-President; Richard I. Brewster,
Second Vice-President; P. M. Sayford, Third Vice-President;
and Louis V. Ennis, Cashier.
“Bids and offers shall be made
percentage of the par value of the securities
dealt in unless otherwise ordered by the Governing Com¬
mittee.”
It is understood that the adoption of the amend¬
—Arthur P. Heinze, brother of F. Augustus Heinze, was
ment is a result of the movement to include in the trading
lately elected a director of the Interboro Bank of this city
list the higher class of mining shares.
The new 8100,000 stock of the bank, which, it was an¬
on
changed it will read:
the basis of
a
-The Cleveland
Clearing House Association at its late
meeting adopted a resolution presented by Col. J. J.
Sullivan, President of the Central National Bank, endorsing
the currency bill now pending in Congress (House bill No.
23,017). The officers of the association for the ensuing year
an1 Charles
1.. Murfey, President; Charles A. Paine, VicePresident; E. B. Date, Treasurer; C. E. Collins, Secretary
and Manager.
annual
—The
of the
nounced
would be issued, raising the capital
The selling price
from $50,000 to
The bank was organized in December 1904 and
$110,000.
now has deposits of $1,000,000.
a
year ago,
$200,000, is to be paid in on March i.
is $160 per share, increasing the surplus
to
—Michael J. Adrian, the founder of the German
Bank of this
the 14th inst..
Exchange
city, and its Second Vice-President, vdied on
Mr. Adrian had been President of the bank
thirty-one years, resigning that office to become Viceadvisability of securing a sub-treasury
Pittsburgh is to be acted upon b}' a committee appointed President.
to investigate the matter by Andrew Long, President of the
—The new Atlas Trust Company, which will occupy the
old
Pittsburgh Clearing-House Association. The committee
quarters of the Irving National Bank, northwest corner
consists of. Charles Me Knight, President of the National Bank Chambers Street and West Broadway, was incorporated at
of Western Pennsylvania, Chairman; Wilson A. Shaw, Presi¬ Albany last week with a capital of $500,000.
The following
dent of the Bank of Pittsburgh, N. A.; and E. E. McCoy, persons, some of whom are also
interested in the recent con¬
Assistant Cashier of the Keystone National Bank.
If the solidation of the New York National Exchange and Irving
results of the committee’s labors show that there exists a National banks, are the incorporators of the new company:
need for a sub-treasury, the Clearing House, it is expected, Win. J. Rogers, President of Borden’s Condensed Milk Co.;
will endeavor to secure the passage of a bill authorizing its Gerrish H. Milliken of Derring, Milliken & Co.; John G. Luke,
establishment.
President of the West Virginia Pulp & Paper Co.; Janies M.
—The City Bank & Trust Company of New Orleans, in Donald, Vice-President Hanover National Bank; Francis
Co.;
compliance with the request of the New Orleans Clearing II. Leggett and Theo. F. Whit marsh, of F. H. Leggett
Wm. H. Barnard; Lee Kohns of L. Straus A Sons; Edwin
House, has withdrawn from that association. The action
II. Sayre of R. C. Williams & Co.; Edwin II. Jackson;
was the result of the company’s determination to remain
James
E. Nichols of Austin, Nichols & Co.; Daniel W. Whit¬
open beyond the regular banking hours, thus violating the
rules of the association.
The institution has been in opera¬ more, of D. W. Whitmore A Co., and Henry M. Day, of
tion since last May.
Its hours of business since January 31. Bennett, Day & Co. The institution will begin business in
Its stock will be sold at $150 per share,
when it began as a day-and-night bank, have been from 10 about a month.
a. m. until
midnight. It is the first banking institution giving a surplus of $250,000. The distribution will largely
be among the business men of the West Side.
in New Orleans to adopt this policy.
William H.
Barnard,
is
of
54
Howard
Street,
Chairman
the
Organization
—M. C. Bergh, Wisconsin State Commissioner of Banking,
Committee.
in his annual report recently issued, advocates an amend¬
—George L. Rives has been elected a trustee of the United
ment to the law so as to prohibit further branch banks in
States
Trust Company of this city to succeed John Harsen
Wisconsin cities.
Branch banking, he states, is foreign to
the American principle of free banking, and contrary to Rhoades, deceased.
—The Corn Exchange Bank of New York City will open
the spirit and intent of the Wisconsin banking law, because
another
branch office in Brooklyn, this time at 19-21 Flateach branch being a bank to all intents and purposes, a
banking corporation is thus permitted to conduct several bush Avenue. The other Brooklyn branch is located at
banks on the capital prescribed and intended for one bank. Court and Montague streets.
—With the admission of $200,000 additional stock of the
Then, too, he adds, examination of banks having branches
National Bank of this city to the New York Stock
Second
requires the employment of several examiners at one point
in order that a simultaneous examination may be made of Exchange list, it became known this week that the proposed
matter
for
for
36*
THE CHRONICLE.
increase in
capital from $300,000 to $500,000 had been ac¬
complished. The issuance of the new stock was authorized
on
January 8 by the stockholders, to whom the additional
shares were offered ratably at par, payment being due Janu¬
ary 15.
A cash dividend equal to $200,000 was declared
out of the accumulated surplus to shareholders of record
January 10, this dividend applying as payment for the new
stock.
In a statement of condition for January 16, after the
increase in, capital had become operative, the surplus and
undivided profits (net) are reported as $1,853,863.
—James
Quinlan, President of the Greenwich Savings
Bank of this city, has been elected a director of the Lincoln
Trust Company to succeed the late John Harsen Rhoades.
—The formation of
trust company
is planned by
interests in the Borough Bank of Brooklyn and the Brooklyn
Aside from the name of the institution, which is to
Bank.
be the International Trust Company of Manhattan, and the
amount of its capital and surplus ($500,000 each), nothing
is as yet obtainable regarding the project.
a
new
—Action in the matter of
placing the National Exchange
Albany, N. Y., in voluntary liquidation will be
taken by the shareholders on March 18.
The bank is to
Bank of
consolidate with the First National of
Albany
—The
Comptroller of the Currency has approved an ap¬
plication to organize the Boardwalk National Bank of Atlan¬
tic City, N. J.
The capital is to be $200,000. Those iden¬
tified with the movement are Louis Kuehnle, John C. Reed,
Samuel W. Moore, Daniel L. Collins, Joseph A. Brady and
William Gordon.
Hartford, Conn., increased
deposits from $3,854,594 on Jan. 29 1906 to $3,980,390
Jan. 26 1907.
During the same period surplus and undivided
profits advanced from $667,618 to $729,636 and aggregate
resources from $5,297,508 to $5,810,748.
Alfred Spencer Jr.
is President; A. It. Hillycr, Vice-President; W. D.
Morgan,
Cashier, and H. T. Holt, Assistant Cashier. On its board
of directors are some of the most prominent men in t he
city.
its
—The American Loan & Trust
as
of
Fitchburg, Mass. J. Lovell Johnson is Vice-President in
place of Mr. Wallace.
—William H. Jordan is
President of the
now
Gloucester
(Mass.) National Bank, in place of L. A. Burnham. William
Babson, who continues as Cashier, has been chosen to suc¬
ceed Mr. Jordan
as
Vice-President.
—Receiver Albert C. Apsey of the First National Bank of
Chelsea, Mass, (which failed August 16 1906), began the
payment of a 50% dividend to the depositors on the 2nd inst.
The dividend, the first to be
declared, represents tin* pay¬
$387,000, and was derived mainly from an
100% on the $300,000 capital.
ment of about
assessment of
—The Winnisimmet National Bank of Chelsea,
placed in voluntary liquidation
Mass.,
was
the 9th inst., having been
consolidated with the Chelsea Trust Company.
The latter
was chartered in December and lias a
capital of $250,000.
The consolidated institution began business on
Monday, the
11th inst., in the quarters <>f the Winnisimmet National
Bank under the management of George W. Moses,
President;
James T. Phelps, Benjamin F. Dodge and William A. Ban¬
croft, Vice-Presidents; Edward H. Lowell, Treasurer, and
William B. Denison, Secretary.
A. C. Ratshesky (President
of the United States Trust Company of Boston) is Chairman
<>n
of the board of directors.
—Charles L.
Godfrey has become Cashier of the Taunton
National Bank of Taunton, Mass., in place of G. W. Andros.
—The National Bank of Bane, at Barre, Vt., has a new
*
\
President in F. G. Howland, who takes the place of 1). M.
J. Henry Jackson has become Vice-President of
the institution, while Thomas II. Cave Jr. has been chosen
Miles.
—The Aetna National Bank of
known
VOL. LXXXIV
the American Trust
Company of Boston is
Company, having been
now
to the office of
Cashier, made vacant through the promotion
of Mr. Howland.
—The stockholders of the Real Estate Trust
Company of
Philadelphia will meet on March 21 to take action on flu*
proposition to reduce the total capitalization from $5,300,000
to $5,000,000, through the reduction of the
preferred stock
from $3,800,000 to $3,500,000.
With the reorganization of
the company last November, its
capital was increased from
$ 1,500,000: to
$5,339.197 70 (not to $6,000,000 as pre¬
viously reported), the additional $3,839,197 70 being issued
in the form of preferred stock. Of this latter,
$39,197 70
was absorbed, being in tin*
nature of scrip which the com¬
pany' allowed the depositors to deposit as cash.
This left
late Francis James.
$3,800,000 of preferred stock, which it is now proposed t<»
—On the 11th inst. the stockholders of the National Bank ^reduce to $3,500,000.
George II. Earle Jr. is President of
the institution.
The other officers are:
of the Republic, Boston, ratified the
S. F. Houston,
proposition to increase
the capital from $1,500,000 to $2,000,000.
The additional Vice-President; Edward 8. Buckley Jr.,-Treasurer; William
capital is issued to provide for the stock of the Freeman’s R. Philler, Secretary', and Thomas B. Prosser, Real Estate
em¬
powered by the Legislature to make the change.
—VV. E. L. Dillaway, President of the American Pneu¬
matic Service Company, has been elected Vice-President of
the Mechanics’ Trust Company of Boston,
succeeding the
National Bank of Boston, which institution was absorbed
by the National Bank of the Republic on January 12.
—
A dividend of
25%
was
distributed this week to the
Officer.
—The
new
which has
an
People’s Trust Company of Philadelphia,
capital of $750,000 in shares of $50,
authorized
creditors of the American National Bank of Boston, Mass.,
began business
which
officers of the institution
suspended Nov. 27 1905. This, the second dividend,
brings the total amount up to 75%, a 50% dividend having
been paid last April.
No assessment has thus far been made
the stock.
William E. Neal is in charge as receiver.—The stockholders of the National
Exchange Bank of
Boston on January 31 took formal action in the matter of
placing their institution in voluntary liquidation. A first
dividend in liquidation of $170 has been declared.
The busi¬
on
of
ness
the
institution
Shawmut Bank
a
President of the
has been elected
mut
Bank.
bank,
was
month ago.
National
a
Frank
taken
by the National
Harold Murdock, formerly
Exchange Bank of Boston,
Vice-President
over
of
the
National Shaw¬
Houghton, Cashier of
has been made
an
the
Assistant Cashier
absorbed
of the Shaw¬
mut.
—John C. Kcmater has been chosen Cashier of the
Chapin
National Bank of Springfield, Mass., to succeed
George R.
Yerrall, resigned. Mr. Yerrall had been connected with the
bank for
than
thirty years. He was re-elected to the
week ago, but subsequently tendered his
as Cashier and director to become affiliated with
the Union Trust Company of
Springfield.
more
cashiership
resignation
a
—G. N. Proctor has succeeded G. E. Clifford
of the Wachusett National Bank of
as
President
Fitchburg, Mass.
—H. I. Wallace has been chosen
B. N. Bullock as President of the
as successor
to the late
Fitchburg National Bank
on
the 4th inst. at 1006-1008 Arch Street. The
are John 0. Winston, President;
Joseph L. Grcenwald, Vice-President,
per, Secretary' and Treasurer.
and William H. Har¬
—The
Commercial Trust Company of Philadelphia on
paid a semi-annual dividend of 6% on its $1,000.000
capital—thus increasing the per annum rate from 10 to 12%.
Jan. 31
—-A
new
financial institution is to be established in Phila¬
delphia under the title of the Standard Trust Company.
According to the “Philadelphia Ledger,” the concern has
acquired, and will operate under .the charter of the Baltimore
Title <fc Trust Company, which, it is stated, has been inactive
since it was granted in 1874.
The new company' will have
a
capital of $500,000 and surplus of $1,000,000. Jt will
have its quarters at 713 Chestnut Street,
having purchased
the building for $200,000, opening for business on March 1.
The. officials are Solomon K. Ford. President;
Henry Cohen,
Arthur
F.
and H. F.
Williams and
11.
M.
Rolston, Vice-President:?;
Aspinwalf. Treasurer.
—Echv. A. Schmidt has taken tho place of Louis J. Bauer
as President of the Northwestern National Bank
of Phila¬
delphia, Mr. Bauer replacing Mr. Schmidt
—The New Castle
Pa.,
closed
as
Vice-President.
Savings & Trust Company of New Castle,
the 9th inst. by Bank Examiner McClain.
It is Understood that the trouble was due to the fact that the
institution loaned too freely.
An examination, it is said,
was
on
showed that its cash
reserve
was
scarcely 4% of the total
Feb. 16
1907.]
THE CHRONICLE.
deposits of $625,000, and the directors were unable to secure,
in the time allotted by State Bank Commissioner Berkey,
the sum of $150,000 which was necessary to enable the in¬
The company had a capital of $300,It holds bonds of the Washington County Coal Com¬
—A dividend of
10%
was
recently paid to the creditors
Coimeaut, Ohio. The bank
of the First National Bank of
closed its doors in December 1904.
stitution to continue.
the second
000.
months ago.
pany to
369
dividend,
one
It is stated that this is
for 15% having been paid some
the amount of $175,000.
—For the purpose of safeguarding their interests a ma¬
organized in Scranton, Pa., with jority of the stockholders of the Union Trust Company of
$200,000 capital, under the name of the Union National. Indianapolis, Ind., have entered into an agreement by which
The application was approved at Washington on the 5th inst. the voting power of their stock is lodged in the hands of
Th# arrangement
—The National Safe Deposit Savings A Trust Company seven trustees for a period of ten years.
seeks to prevent any radical changes in the management or
of Washington, D. C., has changed its name to the National
Savings A Trust Company. In accordance with a resolution policy of the company. The trustees chosen are John H.
adopted by the institution's stockholders on January 21, a Holliday, President; Charles H. Brownell, Volney T. Malott,
Addison C. Harris, Samuel E. Rauh, Augustus L. Mason and
bill authorizing the change* was introduced in both branches
Thomas C. Day.
In case of the death or disqualification of
of Congress on January 23.
The measure passed the Senate
on the 25th
and the House on January 28, and was signed any of these, the others are empowered to choose his suc¬
cessor.
The trustees’ certificates are negotiable for sale or
by the President on January 31. On February 4 the amended
certificate of incorporation was filed with the Comptroller of borrowing purposes just as are the original stock certificates.
—A
new
bank is to be
—The Fort Harrison National Bank is to be organized
Currency and the Recorder of Deeds, as required by the
in
Terre Haute, Ind., the Comptroller of the Currency having
Act.
No change has been made in the executive staff,
which is as follows:
Thomas R. Jones, President; E. Francis favorably passed upon the application to organize presented
Riggs, Vice-President; William I). Hoover, Second Vice- by Joshua Jump, Daniel H. Davis, Joseph C. Davis, George
President and Trust Officer; George Howard, Treasurer; R. Wilson and John Cook.
Charles E. Nyman, Secretary, and Frank W. Stone, Assistant
—The consolidation arranged between the First National
The company has a capital of $1,000,000.
Treasurer.
and Commercial National banks of Detroit, Mich., was ap¬
—For January 26
1907 the |M el Ion National Bank of proved by the stockholders of the first-named institution on
the
Pittsburgh.
Pa.,
deposits of $31,014,429. This
amount compares with $29,053,516 on April 6 1906
and
$28,045,588 a year ago, January 29 1906. Total resources
have risen since the last-named date from $35,531,927 to
S40.405.224.
The bank’s capital stands at $4,000,000, and
its surplus and undivided profits at $1,722,383.
According
to a
reports
statement which the bank issued in connection with its
December report, in the matter
the several members of the
of total clearances for 1906
Pittsburgh Clearing House
Association, the Mellon National ranks first, with a total
of $507,378,246.
of
—It is stated that the Homestead, Pa., banks have with¬
drawn from the
Pittsburgh Clearing House and formed an
organization of their own under the name of the Homestead
Cearing House Association. The President is Louis Rott,
President of
he First National Bank of Homestead.
members
the First
The
National, the Homestead National,
Savings Bank A Trust Company, the Monongaliela Trust Company and the Hays -National Bank of
Hays Borough.
are
the Homestead
—The Chester
County Trust Company of West Chester,
Pa., after providing for its usual semi-annual distribution,
added $10,000 to its surplus, making that item $70,000. The
sum of $7,500 was also charged off as against the cost of the
building. The institution was organized about six years ago
and the amount of its trust funds, it is stated, now aggre¬
gates over half a million dollars.
The First National Bank of Cleveland, Ohio, will
the 5th inst.
The First
National has increased its board
from nine to twelve
G.
members, electing as new members Cyrus
Lothrop, Thomas Neal and Edwin Ford.
—George C. Pierce has been elected a Vice-President of the
Rapids, Mich.
Old National Bank of Grand
—It is
definitely announced that the Farwell Trust
Company of Chicago will be organized early in April. As
reported in a recent issue, the institution will succeed to the
bond and loaning business of Granger Farwell A (k)., making
a
specialty of bonds and collateral trust loans to railways,
gas companies and electric-light companies.
The brokerage
business of the firm will be continued by J. O. Hinkley, who
for many years has had charge of that branch.
The trust
company
acquires the building occupied by Granger
Farwell A Co.,
which will be known as the Farwell
Trust Building.
The capital will probably be $1,500,000,
there is, however, a possibility of the amount having to be
raised to $2,000,000 to meet the large demands for stock.
There has been no public offering of the stock (which has
been put out at $102 per share), it having been placed with
the clients and friends of Farwell A Company.
Granger
Farwell will be President of the new institution, and Albert
G. Lester, John Barry Sears and John J. Bryant Jr., for
many years connected with Granger Farwell A Co., will also
now
be officers.
—Permission
lately granted to organize the Inter¬
Savings Bank of Chicago, capital $200,000.
Edwin C. Kingsbury, one of the incorporators of the pro¬
posed concern, several weeks ago took over the business of
was
national Trust A
begin
banking structure the coming spring
Dreblow A Co.
This latter had been the name under which
on
the site of the Benedict Building, on Euclid Avenue.
the Commonwealth Trust A Savings Bank had been operat¬
The bank recently concluded the purchase of the building,
ing since notified, shortly after its opening in May 1906,
which adjoins its
^present premises, and will take possession that certain provisions of the Illinois banking law had not
on April
1. The property has a frontage of 72 feet, and is been
complied with. The proposed International Trust A
approximately 130 feet deep. Plans for the new building
Savings
Bank therefore will virtually be a reorganization of
have not yet been formulated.
the Commonwealth.
the erection of
a
new
—Russell A.
Brown, Vice-President of the United Banking
Savings Company of Cleveland, died on the lltli inst.
—The Farmers' Loan
A Trust Company of
Sioux City,
Iowa, has reduced its capital from $1,000,000 to $300,000.
—The Day & Night Bank A Trust Company of Cincinnati This was done, we are advised, because of the State law
has been incorporated with $300,000 capital in shares of $100. sanctioning double taxation.
The capital had been increased
The banking hours of the proposed institution are to be to $1,000,000 in December 1903.
from 7.30 a. m. to 11 p. m.
A commercial and savings bank
—The proceedings of the twelfth annual convention of the
tt
business will be conducted.
Wisconsin Bankers' Association have been issued in book
—The
Liberty Banking A Savings Company of Cincinnati, form. The meeting was held at Milwaukee on July 12 and
organized in December, commenced business on the 9th inst. 13 1906, and an item concerning it appeared in these columns
Its quarters are at the corner of Liberty Street and Freeman July 21. ’F. J. Carr, Cashier of the Bank of Hudson, is
Avenue.
The institution has a capital of $50,000.
The President of the Association. The Secretary is J. H.
officers are F. H. Ballman. President; J. G. Moorman and Puelicher, Cashier of the Marshall A Ilsley Bank, Milwaukee.
Walton Craig, Vice-Presidents; Nathan Longfellow, Secre¬ At a meeting of the Executive Council on the 8th inst.it was
decided to hold the 1907 session at Milwaukee.
tary and Treasurer, and George Winter, Cashier.
—Albert S.
Rice has
resigned
as
a
Vice-President and
director of the Merchants’ National Bank of Cincinnati.
—On December 31 1906 the First National Bank of Mil¬
waukee
reported deposits of $1 4,656,812, the amount having
370
THE CHRONICLE
risen from $11,882,450 on December 30 1905.
Since the
last-named date the bank lias increased its
surplus from
Broadway Bank & Trust Company of Nashville,
Tenn.., has applied for permission to increase its capital from
$50,000 to $100,000
The company began business in
July
last year.
e—The advance made by the Citizens’ Bank of
Norfolk,
Va., since its organization in 1807 is shown in the
table,
arranged in ten-year periods,- appended herewith:
Milwaukee in adjudging former Assistant Cashier
Henry
G. Goll guilty of
misapplying funds of the First National
was affirmed on
January 2 by the United States Court of
Appeals at Chicago. The accused had been sentenced to
at
Dale.
years’ imprisonment.
—S. V.
Hyde has disposed of his interest in the Batavian
National Bank of La Crosse, Wis., and retired as its VicePresident
Weaver
was
recently chosen to succeed Richard
as
Cashier and W. F. Maxwell
a
new
as
Maunder, Viet*-Presidents, and
Williams, Secretary and Treasurer.
Lapier
of
National
Bank
of
Covington,
Kv..
are
and John
to begin business on the 23d inst.
Its
John A. Downard. President: M. L.
Kirkpatrick
R.
Bullock, Vice-Presidents, and J. C. Brown,
The bank has a capital of
$100,000.
—At the annual meeting of the stockholders of the
Knox¬
ville
Banking Company of Knoxville, Tenn., January S,
was
unanimously voted to increase the capital from
$50,000 to $100,000.
We are informed that the transaction
will be completed about March 1
by conversion of part of
the surplus, the remainder to bo
proportioned among the
,
holders.
When
effective, the bank will
the
increased
have about
capital becomes
$12,000 surplus.
—A. B. Mahan has become a Vice-President of
the
National Bank of Knoxville, Tenn.
City
—Stock of the Trades Union
Savings Bank & Trust Com¬
pany of Memphis, Tenn., to the amount of
1,015 shares
was
sold at public auction on Jan.
19, in accordance
with an order entered
by the Chancellor in a suit of T. B.
Caldwell, receiver of the defunct Realty Trust Company of
Memphis, against the President of the latter concern. The
suit
was
instituted
by the receiver, who alleged that the
President of the Realty Trust had used its funds to
pur¬
chase the stock, the stock thus
becoming the property of the
Realty Trust Company and a part of its assets. The shares
brought at auction $10,000. The authorized' capital of the
Trades Union Savings Bank, in shares of
$25, is $50,000
one-half of which is paid in.
—J. A.
& Trust
dent of
Omberg, Vice-President of the Bank of Commerce
Company of Memphis, Tenn., has been elected Presi¬
the First National Bank of
Memphis to succeed the
late Charles W. Schulte.
passed
as
a
January 8 by the directors
of that city, the institution
on
National Bank
are
to be sold at $200 each.
Loadville, Colo.
F. K. Porter, heretofore Cashier, has
Vice-President of tIk* bank, J. R. C. Tyler
being elected Cashier.
in turn
a
—H. D. Leonard has succeeded G. W. Goodell
of the American National Bank of
as
Cashier
Loadville. Colo.
Carl T.
Washburn has become Assistant Cashier.
—George B. Berger, formerly Cashier, has become a VicePresident of the Colorado National Bank of
Denver, Colo.
William B. Berger has been chosen to the office of Cashier.
—L. W. Baxter
recently,chosen Vice-President
was
of the
National Bank of Commerce of Guthrie. Okla., to succeed
L. Cuchrum.
of t Ik* Lucas
The latter resigned to become President
County Bank of Guthrie, in which he is under¬
stood to have secured
-With the
the Traders’
lias been elected
Mr. Kuhn
an
interest
.
resignation of Alfred (Volidge as President of
National Bank of Spokane. Wash., A
Kuhn
to
f
Commercial
lately formed, is
present
resolution
also become
A.
Comptroller of the Currency has approved‘an appli¬
cation to organize the Central National Bank of
Kansas City.
Mo.
The capital is to be $200,000.
J. D. Anderson, H. M.
Evans, Rees Turpin, David Thornton and R. H. Williams
are the
incorporators.
—The
t*l"
a
eashiership..
or¬
—The
it
is Cashier.
—Charles Cavender lias been chosen to
replace <1. W.
Trimble as Vice-President of the Carbonate National
Bank
Kansas City, is President of the new institution.
The other officers of the trust
company are" A. C. Fasen-
Cashier.
reports total resources of
W. W. Moss is President and Tench* F. Tilgh-
—Former Cashier W. S. Jones of the Merchants’ National
Vicksburg, Miss., has been elected ’Vice-President
of the bank, J. F. Walker Jr.
taking the
The capital
T.
statement
Bank of
on
W.
1,127,623
2.446.103
capital from $400,000 to $600,000. It is
although the books will not close until February
20, the new stock has already been over-subscribed. The
surplus and profits will also be increased $200,000 (or to
$009,000) through the issuance of the additional shares,
Bank of
1}
...
310,370
794.903
46,971
175.049
301,512
stated that
Nov. 10 1900, began business Dec. 1.
The cap¬
ital is $125,000, of which
75% has been paid in, the balance
to be paid
April J 1907. I"he. stock is now selling around
ll'JjA.
P. W. Goebel, President of t he Commercial National
officers
.
§71,095
§28,934
.300.000
300.000
....
latest
.Surplus a nil
Pro; its.
Deposits.
will increase its
insti¬
Company of Kansas City, Kan.,
Capital.
$42,500
50,000
100,000
.
—We learn from the Atlanta “Constitution” that
Breidenthal,
respectively President and Vice-President of the Banking
Trust Company of Kansas City, Kan., are interested in the
movement, together with Henry McGrew, A. H. Jennings,
W. R. Berry and George B. Gray, the last-named
formerly
Cashier of the American National Bank of Kansas
City, Mo.
—The Kansas Trust
.
_.
.
bank’s
which
—The Bankers’ National Bank is the title of
tution about to be formed in Kansas
City, Kan.
is to be $250,000.
0. B. Hoffman and J. W.
and
1897.
result of
Assistant Cashier.
\
1
.
of the Fourth
President, E. C. Hart wig
f
TJulv
man
Walter P. Fulkerson has
recently been elected President
of the First National Bank of Buchanan
County, at St. Jo¬
seph, Mo., succeeding J. M. Ford. Other changes in the
bank’s officers are the (lection of J. T.
Trenery as Vice-
■*
1 1887
as
Cashier.
myer
.July
...
S3,219,580.
—
ganized
1 1867
1 1877_.
The
Vice-President of the Waukesha National Bank
of Waukesha, Wis.
E. R. Estberg is Mr. Frame’s successor
as
Aug.
July
Jan, 26 1907
.
—II. M. Frame
LxYYl
—The
$350,000 to $500,000 and its total resources from $14,713,327 to $18,412,084.
The capital is $2,000,000 and the un¬
divided profits $47,234.
The decision of the District Court
ten
[VOL.
the
Presidency.
A. F. Met'laine succeeds
Vice-President and Charles A. McLean has
been chosen Assistant Cashier.’
as
-—Stephen Appleby has been chosen Cashier of the Pacific
National Bank of Tacoma, Wash., in
place of W. E. Blivon.
Mr. Appleby is succeeded by A. A. Miller
ns Assistant
Cashier.
R. I.
Rogers has replaced W. D. Woolwine as Cashier
National Bank of California at -J.cs
Angeles. Mr.
Woolwine continues as Viee-Prosidem
—The Germania National Bank of San
—
of
the
.
Francisco, in which
controlling interest has been held by the Central Trust
Company of that city, is to be united with the latter. Action
to this effect was taken at a
meeting of the stockholders of
the trust
company on January 29.
The bank has a capital
oi $300,000 and the trust
company a paid-in capital of
$1,500,000. Charles F. Legee has been chosen President oi
the Central Trust
Company to succeed Frank J. Symmes, and
W
A. Frederick, President of the
G«*nnania National, has
.
become
a
vice-president of the
Henry Brunner have also
and
trust; comp'any.
been chosen
O. A. Hale
vice-presidents.
The other officers of the
company are:
B. G. Tognazzi,
Cashier and Manager; F. F. Oner and F. V.
Pollmer, Assis¬
tant
Cashiers, and Frank S. Jaeott, Trust Officer.
—The plan to increase the
capital of the Mercantile Trust
Company of San Francisco, from $1,000,000 to $2,000,000
was ratified
by the stockholders on the 6th inst. Mention
of
the
proposed increase
December 29.
of record
fore
The
new
February 15
was
made
in
this
department
stock will be issued to shareholders
at $200 per share, payable on or be¬
April 3.
—The stockholders of the
wick at Fredericton, N.
People’s Bank of New Bruns¬
a resolution on January
B., adopted
17
approving the sale of the institution’s business to the
of Montreal.
The People’s Bank has a
capital of
Bank
Feb. 1(5
the Paris Bourse is earnestly watching the course of events
in London.
If London becomes active there is a disposition
in Paris to follow the lead.
Indeed, already Paris has begun
$180,000. Its shareholders are to receive, it is said, about
$345 for their stock, to be paid for in stock of the Bank of
Montreal.
It is stated, however, that a sum equal to
about $45 a share will be withheld until the adjustment of
an account against the Fredericton Boom Company.
The
transfer will be completed in about two months.
buy in London on a moderate scale. It has been buying
especially Russian bonds and South African mining shares.
The French banks, moreover, have this week been increasing
the balances they are employing in London. - In Paris the
disposition is to look with special favor upon British Govern¬
ment securities and South African mining shares, and the
great Paris operators are only waiting for a lead from Lon¬
don to act vigorously in these two markets.
In Berlin the Bourse is quiet, chiefly, no doubt, because of
the setback in New York, Berlin being largely interested in
American securities.
Also, business is checked by the money
stringency. It is hoped that the Imperial Bank may see its
way soon to put down its rate of discount.
But the hope
that it will do so is not very strong.
Meanwhile, the Imperial
Bank is prevented from giving the accommodation which
otherwise it could give by the necessity it is under to finance
the Imperial Government.
Always the German Govern¬
ment has to borrow.
Usually it borrows in the month of
April. But this year it is feared that its necessities are ex¬
ceptionally great, partly because of its immense expenditures
on the navy and partly because, owing to the dissolution
of the Reichstag, it was not able to obtain the votes which it
required. It is obvious that it will be late before it gets
all the*money voted that it needs, and therefore it is feared
that the Imperial Bank will have to continue financing the
Government for an inconveniently long time.
Owing to the Stock Exchange settlement and the end of
the month, money this week has been in exceptionally strong
demand and the open market has had to borrow immense
sums from the Bank of England.
Now that the settlement
is over and that the banks are beginning to let out the money
they called in at the end of the month, money will be very
plentiful for a few days. But it will not long continue so,
for the Bank of England has control of the open market.
Moreover, a demand for gold bars for New York suddenly
arose on Thursday.
This has caused discount rates undoubt¬
edly to stiffen, and if it is followed by a further demand
there may be a very considerable rise in rates.
The India Council offered for tender on Wednesday 100 lacs
of drafts, and the applications amounted to nearly 440 lacs,
at prices ranging from Is. 4 1-1 (id. to Is. 4 5-32d. per rupee.
Applicants for bills at Is. 4 3-32d. and for telegraphic trans¬
fers at Is. 4 5-32d. per rupee were allotted about 27% 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:
to
—Authority to increase the capital of the Banque dTIocheloga (Montreal) from $2,000,000 to
$4,000,000 has been
obtained from the treasury board of the institution.
The
directors have decided to issue $500,000 of the new stock
(par $100) at 135.
PURCHASE
OF
COVERS MEAT
ROADS
BY
THE
SECRETARY OF THE TREASURY.
following is the circular issued by Mr. Shaw, offering
purchase $25,000,000 4% bonds of 1907 at 101F2 flat:
The
to
PUBLIC
NOTICE
RESPEC'TIXG
TIIE
PURCHASE OF
4s OF 1007.
Treasury Department.
Office of the Secretary.
Washington, February 1 1
The Secretary of the Treasury
15)07..
hereby gives public notice that he will
purchase United States registered anti coupon 4% bonds of the Funded Loan
of 15)07 to an amount not exceeding 525,000,000, and will pay therefor
101 4 Hat.
Holders of the bonds desiring to avail themselves of this op¬
portunity to sell their bonds to the Government should forward them to
the Secretary of the Treasury, Divisions of Loans and Currency.
Registered bonds must be assigned in due form to the "Secretary of the
Treasury for purchase,” and the assignments must be dated and witnessed
by one of the officers indicated in the note printed on the back of the bonds.
Where payment is to be made to any person other than the payee, the as¬
signment should be to the "Secretary of the Treasury for purchase for ac¬
count of
(here Insert the name of the person to whom pay¬
ment is to be made).”
LESLIE M.
SHAW,
Secretary.
^Xouctavtt|CowntcvciaVgnoUsIt|Xcujs
(From our own correspondent.)
London, Saturday, February 2 1907.
The apprehensions entertained respecting the results of
the fortnightly settlement which began on Monday morning
and ended on Thursday night have proved to be quite ground¬
less.
The best informed were always convinced that those
apprehensions were grossly exaggerated, and the event shows
that they were right.
Then1 is no doubt, of course1, that
there has been in recent months a good deal of rash specu¬
lation, more particularly in American securities of all kinds,
and that very many operators, by no means financially
strong, took part in the speculation.
Jt is therefore not
unlikely that many of those weak operators have, as is al¬
leged, been unable to meet their differences, and that they
plunged some of the brokers who gave them credit in more
or less difficulty.
So far; however, there has boon only one
small failure, which is of no practical account.
It is rumored
that one or two further failures may occur.
At the same
it is also rumored that friends are coming to the assistance
27,558,165
7,421.161
42,040,571
10,30.8,041
25,471,399
20,402.005
been
28.125,290
0.784.492
28,575.995
9,410.103
42,916,168
19,234,361
24.705,421
40.301,3 U
15,002,427
28,636.339
24.263.408
.
.
_
.
6
A
4
*4 'a',4
'
34
3,4
4
3 4
3
3 1,
34
34
34
4 4
4 4
Feb. 2.
Bank
Open
Rate. 1Market.
3
3
Interest at—
.
j
Hamburg..
Frankfort
Amsterdam
Brussels
Vienna
St. Petersburg
Madrid
Copenhagen
.
6
6
5
...
4
.
..
.
4 4
4 5-16
74
norn.
4
6
Jan. 26.
Bank
Open
Rate. Market.
3
6
0
6
5
4
44
44
4 4
44
34
6
Berlin
4
4
47i6
(a 4 ? s
3
414
4
The Bank rates of discount and open market
chief Continental cities have been as follows:
Paris
5
s
5
5
days
Rates of
Jan. 12.
o
4 4 @4\
5 <3)51 {
5 @54
By joint-stock banks
By discount houses:
7 to 14
Jan. 18.
4
43 ^ <a 4 4
5 @*5 4
o.(3i 5? 4
Trade hills—3 months
—4 months
Invest allowed Jot deposits—
At call
4
44 me
4% (9)4.la
44 @44
-
follows:
5
7>
Rank of England ra te
<) n< n Ma rkrt rate Bank bills—3 months
-4 months
—6 months
of
as
Jan. 25.
Feb. 1.
of
much stiffer.T*In consequence
13,939,473
34.877,082
22,738,130
The rates for money have
no longer found it profitable to “call” securities.
It is therefore by no means improbable that the report is
more or less well founded that the house in question found
itself with an inconveniently large amount of stock which it
had bought against the options it had sold, and that in liqui¬
are
9.121,793
23.931.410
Reserve,notes&coin 24,841,091
34.004.403
33.000.700
Coin&bull..bothdep 34,249,496 32,761.730 35,510,830
Prop, reserve to lia¬
48 11-10
48
bilities
424
52h
-p. c.
48 5-16
4
4
3
4
Bank rate
p. c.
5
93
sS 9-16
88
90.4
Consols, 24 p. c...
87
217sd.
254 d.
27 15-Kid.
30 3-16d.
Silver
31 5-16d.
Clear.-house returns 216,570.000 289,938.000 300,58.8,00(1 242.043.000 251 570.000
options
the House of courseTrates
28.473.600
8,021,092
45,342,008
1903.
Feb. 4.
£
1904.
Feb. 3.
£
1905.
Feb. ).
£
£
Other deposits
42,2.39,606
Oovernm't secur i ties 15,4 58,516
Other securities
29,240,178
aggerated, if not wilfully false. It is quite possible that,
as alleged, the house did sell more options than was quite
dating this account it has suffered loss. But the house is
wealthy and can well bear whatever losses it may have in¬
curred—indeed, will remain a wealthy house even if the
losses reach the figures reported, which is hardly probable.
When it became known early on Thursday that no serious
failures were to be apprehended there was a general recovery
in the market.
Indeed, there was some recovery even on
Wednesday, the best informed then perceiving that the re¬
ports which had caused alarm had no substantial basis.
The improvement was more marked on Thursday, and it
was strengthened by the recovery in New York later on the
same day.
In Paris business has been somewhat checked by the ex¬
tent of the speculation which has developed, especially
by the somewhat wild speculation in Rio Tinto and
De Beers shares.
The prices now touched by these
shares are unprecedented, and the more cautious people are
beginning to look with distrust upon a movement which,
even if it is justified by intrinsic merits, is carrying prices too
far and too rapidly.
The warning given by the Bank of
France in raising its rate for advances has made the more
prudent people pause, while there is a distinct rise in the
carrying-over rates. The banks at the liquidation which began
yesterday morning are charging from 5 to 5*4%> and inside
1906.
Jan. 31.
£
It is certain that no serious failure will occur.
Further, it is also certain that the rumors respecting a
house which dot's a large option business were grossly ex¬
wise.
It is notorious that the fall in American securities
late has been heavy, and that consequently the buyers
15)07.
Jan. 30.
27,858,405
Circulation...
Public deposits
of those involved.
All tin1 names mentioned, however, are
of persons who hold little standing on the Stock Exchange.
371
THE CHRONICLE.
1907.]
44
74
44
4 T
6
6
3
Jan. 19.
Bank
Open
Rad. Market.
3
3
44
i
44
7
44
4
n
4
34
44
norn.
4
4
6
5
4
‘\
74
44
6
4 1
•,
5 (9 54
5 4 454
rates at the
Jan. 12.
Bank
Open
Rate. Market.
3
3
5
5
»r>
7
7
44
34
4 4'
5
4
44
nom.
44
0
i
74
4'-s
6
54
54
5 3-16
4
4
34
44
nom.
44
6
Messrs. Pixley & Abell write, as follows under date of
January 31:
('.OLD.—Since our last issue there have been no orders in the open market, ex¬
cept for India, and the Bank has again secured the bulk of llie arrivals, which amount
to over a million.
Up to to-day the actual figures are £051.000 bought, chiefly in
bars, and £ 105,000 withdrawn for South America.
Next week we expect £291.000
from the Cape.
Arrivals—Cape, £995,000; Australia. £143,000; West Indies, £ 15,000;
total, £1,153,000.
Shipments—Bombay, £126,250: Calcutta, £25,000;
Colombo, £2.500; total.£153.750.
SILVER.—Prices have moved irregularly during the past
week.
After rising to
31 ll-16d. on the 26th inst. we fell steadily until 31 5-l(id. was quoted yesterday.
To-day, however, we have risen 3-16d. to 314d. The Indian Bazaars have bought
The
moderately, but there has also been some forward selling by India and China.
Indian rate is Rs. 794 per 100 Tolahs.
Forward is 4d. over cash. Arrivals—New
York, £295,000; West Indies, £12.000; total. £307,000.
Shipments—Calcutta.
£50,000; Straits (coin), £76,300; total,
£126,300.
MEXICAN DOLLARS.—A few more parcels
ing value.
Arrivals—New York,
cutta. £20.000; total.£50.000
£30,000.
have been disposed of at their melt¬
Shipments—Bombay, £30,000; Cal¬
372
THE CHRONICLE
The quotations for bullion
GOLD.
London Standard.
Bar gold, line, oz
U. S. gold, oz
German gold coin. oz.
French gold coin, oz
Japanese yen,
Jan. 31.
d.
s.
77
76
76
.
.
.
.
follows:
as
SILVER.
Jan. 31.
1
London Standard.
d.
i Bar silver, fine, oz.
-314
j “ 2 mo. delivery, oz -31*8
i Cake silver, oz
.34
1 Mexican dollars..
nom.
d.
s.
77
76
9
4
4
4
4
76
76
70
.
Jan. 24
d.
3m
31%
344
nom.
.
1
l
The following shows the
imports of cereal produce into
the United Kingdom
during the season to date compared
with previous seasons:
IMPORTS.
Twenty-two weeks
1906-07.
.--cwt.35,209,800
12,173,100
Imports of wheat
Barley
Oats...
Peas
JBeans
Indian corn
Flour
1905-06.
35,760,300
12,136,900
5,329,200
952,515
439,770
IS,866.500
6,949,000
5,043.600
970,020
.
526,620
21,357,300
6,296,700
...
1904-05.
190.3-04.
38,077,761
17,384,663
7,162.798
1,109,319
1,055,268
22,970.997
44,143,100
12,379.500
5.693,900
1,005,511
751,860
19,092.500
5,101,920 '10,503,924
Supplies available for consumption (exclusive of
September 1):
1906-07.
Wheat imported
Total
Average price wheat, week
..
Average price,
The
maize
stock
on
1905-06.
1904-05.
1903-04.
35,760,300
12,932,848
6,949,000
17,004,052
44,143,100
5.101.920
7,900.829
38,677,761
10,503.924
54,439,348
59.713,352
26s. 2d.
26s. 3d.
57,145,849
28s.
7d.
27s. lid.
58,323.736
30s. Od.
cwt.35,209,800
6,296,700
imports of flour
.Sales of home-grown
season...
9.142,051
26s. lid.
26s. lid.
30s. 3d.
following shows the quantities of wheat, flour and
afloat to the United Kingdom:
This week.
qrs. 2,005.000
qrs.
155,000
qrs.
595.000
Wheal
Flour, equal to
.
Maize
Last week.
1906.
1905.
1,805,000
185,000
2.130,000
285.000
640,000
660.000
2.735.000
125,000
S50.000
English Financial Markets—Per Cable.
daily closing quotations for securities, &c., at London
reported by cable have been as follows the past week:
London..
Week ending Feb. 15.
Sat.
Mon.
Silver, per oz
d. 31 13 -16 314
Consols, new. 24 percents.- 86 13 -16
864
.
.
..
For account..
French Rentes (in Par.)-.fr.
Russian Imperial Is
87 1- 16
95.37 4
784
Preferred
Baltimore it Ohio
Preferred
Canadian Pacific
Chesapeake «fc Ohio
Chicago Great Western
Chicago Milw. «t St. Paul
Denver it Rio Grande, com
Preferred
96
187 4
521 s
..
.
16
..
1st preferred
2d preferred
Illinois Central
Louisville <t Nashville
.
.
.
36
..
.
.
a
Reading Co
a First
preferred.
a Second preferred
..
Rock Island Co
Southern Pacific
Southern Ry.. com
Preferred
Union Pacific, com.
Preferred
t T. S. Steel
Corp.. com
Preferred
Wabash
Preferred
Debenture B’s
.
.
46
110
Price per share,
192
1914
74
57 4
134
67"
i
s
644
4
46
89 4
85 4
159
68 4
68 4
64 4
644
464
46'
46
133
46
4
89 4
88
88
84
274
974
98.4
98 4
28 4
89
28 4
90
ISO
1804
95
47 4
474
17
34
734
Commercial aucl JTtisccUaucotis^Jlcms
Columbia Trust Co. (New
in this
cle,”
York).—Owing
company’s statement
we
publish the
as
corrected
to several errors
given in last week’s “Chroni¬
figures
below.
The small¬
ness of some of the items Jan. 1
1906 is due to the fact that
the company did not
begin business until Dec. 4 1905.
as
Hr sources—
Jan.
Bonds and mortgages
■Stock and bond Investments (book
value)
1
’07.
Jan.
1
’06.
...
Loaned
on
collaterals
...
Other loans..
Overdrafts
Trust companies, banks, bankers and
brokers
Due from approved reserve
depositories
...
101,615
870.170
...
...
.
of
national
banks
.
.
.
_
.
_
Total
Liabilities
.
...
......
.
value)
Amount due trust companies
Amount due banks and bankers
Amount ilue as executor,
administrator, &e.
Deposits otherwise preferred
Other liabilities
.
.
.
Total
•Su vpU'tnentaru—
Total amount of profits durlnr
year
Interest credited depositors. iame
period
Expenses of institution, same period
Amount of deposits on which Interest Is
allowed
Hate of interest
-
.
.
.
..
.
-
Capital stock
Surplus fund and undivided protits (book
Deposits subject to check
Certificates of deposit
1 .000.000
3,288,400
-
Mch.
Mch.
Mch.
O
Apr.
2
2
2
2
2
4
2
.4 pr.
Mch.
5
Mch.
Mch.
..
2,836
1 .316
308,000
200.572
47,398
18.62 6
$8,322,588
$4,854,727
$1,000,000
$1 .000,000
1 ,024.810
1.111.728
4,569.233
297.083
772,258
293.622
39.748
2,464.919
254.724
75,942
28.0 50
3.700
2,582
$8,322,588
$4,854,727
131.669
78.687
5,852.500
2.96%
$38,771
6,362
5,522
2,754.670
2.87%
rec.
28
l
1,5
2
to
Apr.
to
A pr.
M ch.
2
2
Mch.
to
Feb.
of
of
ree.
ree.
of
rec.
Feb.
of
rec.
of
rec.
1
1
3
Mch.
Mch.
Mch.
14
Feb.
l
Mch.
Mch.
1
vl ch.
30
Mch.
1
1
1
rec.
rec.
to
9
Feb. 16
Feb. 23
Feb. 28
April 9
Fe b. 24
Feb. 19
Feb. 20
Feb
1
Feb.
1
Mch. 15
Mch. 3
Feb. 20
to
to
to
14
1
Feb.
Holders
Holders
Holders
Feb. 21
9 Holders
3
A pr.
1
Feb.
2
6
Feb.
Feb. 2s
Feb.
1
Feb.
9
lei
of
of
9 Mch. 13
Feb. 12
April
rec.
2
1
I
1
Chattanooga Railways, preferred {quar.)
Columbus (O.) Railway, coin. (quar.)..
14'
14
.com.
(quar.) I
Grand Rapids Railway, common
(quar.)j
Kansas City Ry. <C- Light. pref. {quar.)
j
Met. West Side Elev. (Chic.).pref.(quar.)
14
4
24
,
Chicle,
!
i
Diamond Match (quar.)
Eastman Koel ik Co. of X. J.. com.
(quar.) j
Preferred (quar.)
General Chemical, common
Greene Consol. Copper (bi-mthly) (No. 21)
Independent Br>,w. (Pitts.), pref. (quar.). ;
International Silver, preferred (extra)
}
Kings Co. Electric Light <(• Power
Milwaukee & Chicago Breweries,
Ltdr
National Biscuit .common (quar.)
j
Common. extra
;
Preferred (quar.)
j
National Lead. nreferreel (quar.)
(No. 61)
Mch.
Mch.
24
'■ Mch.
steel Car.
Quaker Oats,
!
1
pref. (quar.) (No. 32)
common
Common. extra.
Preferred (quar.t
•
(queer.)
_
,
'.I
:
-
Mch.
i Mch.
4
34
1%
24
24
14 :
i
j
North American (quar.)
People’s Gas Light A: Coke (quar.)
Pittsburgh Brewing, common
(quar.)
Preferred (quar.)
April
1
j
common
\pril
14
14
2
4
50 e.
1
J
deNem’rsPow.,com.(quar)
Feb.
Mch.
Mch.
1
j
2
4
Feb.
Mch.
Mch.
Mch.
Mch.
Mch.
Mch.
4 pr.
1 pr.
j Mch.
i
Mch.
f Feb.
j Mch.
Mch.
Feb.
1%
1
9
34
14
i 4 pr.
4 pr.
1
1% Feb.
14 i Mch.
14g Mch.
14 Mch.
Feb.
14
14 ! Feb.
Feb.
14
Feb.
14
iu | Apr.
4 pr.
4
i u
! Feb.
Ouiney Mining (ouar.) (No, 79)
$4.50 I Mch.
Roilwau Equip. Corn. (mthtq.) (No. 105)
14 I Feb.
Republic Iron Ac Steel, preferred (quar.).
14 !April
Preferred (extra)
!
2d
\pril
Rubber Goods Mfg.. pref.(quar.)(No.32) i
14 = Mch.
Sloss-Sheffield Steel A- Iron, common
Mch.
|
(No. 6)
-,
1
Mch.
Mch.
i nr.
I
.
_
Pressed
Mch.
Peb.
Feb.
Feb.
14
!
.
Niles-Bement-Pond.
2
1
2
American Tobacco, common (quar.)..'|
American Writing Paper, preferred
Barm/ <t- Smith Car. common (quar.).
Preferred (quar.)
•
'
Borden's Condensed Milk, common
;
Butte Coalition Mining
Hutteriek Company (quar.)
Central Fire Works, common
'
Preferred :
(E.I.)dnPont
Mch.
l
5
25
3
1
.
extra
3
14
4
(monthly)... 1
common
VI ch.
1
1
20
3
'
_
to
to
of rec.
of rec.
of ree.
to
of rec.
a
_
Mch.
M ch.
9
9
14
$15
Mch.
14
Mch.
Hold its
Holders
Holders
Feb. 16
Holders
Feb. 19
Mch. 22
Holders
Holders
Holders
to
M ch. 31
Mch. 31
to
Of
to
to
Preferred (quar.) (No. 25)
i
V. S. Reduction it Refining, pref.
(quar.) J
U. S. Steel Oorp..com. (quar.) (No.
13). i
Preferred (quar.) (No. 23)
1
14
14
4
14
iMch.
Mch.
•
Apr.
Mch.
Feb.
April
Feb.
Feb.
Feb.
1 Holders Of rec.
25 Ian. 25
t<»
25 tan
25
to
20 Feb. 15
to
1 Feb.
19
to
Feb.
Feb.
Feb.
Feb.
Mch.
Feb.
1
1
19
rec.
t
i
.
.
_
■
15
Holders of
1
15
1
■Yb. 20
to
'folders Of ree.
Feb. 19
to
I
1
1
30
Yb.
Yb.
rec.
28
9
9
Mch. 21
Meh. 16
Feb.
7
to
to
to
to
to
Mch. s
Mch.
1
Feb. 20
Mch. 8Feh. 28
Feb. 28
Apr.
1
April 15.
Feb. 28
Auction Sales.—Among other securities the
following, not
regularly dealt in at the Board, were recently sold at auction:
B3r Messrs. Adrian II. Muller & Son:
loe, Incorporated
$5,000
1,000 Dona Louisa Copper & G.
M. Co., $5 each, 10c. per share
15
to
Feb. 25
30 VIeli. 24
to
Meh. 30
30 Mch. 24
to
Meh. 30
U Holders of rec. Mch. 31
1 Feb.
16
to
Meh. 5
1 Feb. 22
to
Mch. 2.
1 Feb. 16
to
Mch. 18
1 Holders of rec. Mob. 15a
If Mch. 5
to
Mch. 15
1 Feb. 19
to
Mch.
1
15 Feb.
6
to
Feb.
1 r»
1! Ft b. 22
to
Mch. 3
1 Feb. 16
to
Mch.
1
1 Feb. 19
to
Mch.
1
1 Feb. 19
to
Mch.
1
15 Mch. 6.
15 Meh.
6
to
Mch. 15
1 Mch.
1
to
Mch. 15
1 Mch.
1
to
Meh. 15>
J
Feb. 24
to
Meh.
4
25 Mch.
1
to
Mch. 10
Or
'■'eh. 1C,
to
Feh. 24
i Feb. 17
to
Meh.
1
l veb. 20
to
F'b. 2s
2J- Feb. 15
to
Feb 1 ’
15 Mch. 29
to
Ap 1 1
15
Mch. 29
to
.4/;r. i.,
2> veh.
15
to
Feb. 28
T: Feb. 26
to
Mch. 15
2( Meh. 15
to
Meh. 20
1 Holders of rec. Feb. 15a
25
>b. 16
to
Feb. 28
20 Feb. 13
to
Feb. 20
2(1 veb. 13
to
Feb. 20
2Z
■eh.
7
to
Feb. 2'i
\:
dolelers Of rcc. Apr.
5
1;
folders Of rec. A pr.
5
Oj Holders Of rec. F'b.
IS
11 Feb. 24
to
Mch. 1 I
l:
a Transfer books not closed,
b Nine per cent declared for
year, payable in quar¬
terly installments,
d On account of deferred
e Also 14% declared,
payments,
payable June 20.
6 Title Guar. & Trust Co
572
41 Lincoln Trust Co
390
10 People’s Tr. Co. of
Bklyn.315
10 Corn Exchange Battle
304
90 Le Compte Dusel & Good-
4
9
15,
1 l
10
10
20
1
M ch.
1
Mch. 16
to
Holders Of
26 Feb.
9
*
|
Feb.
IS
Feb. 14
6
Feb.
Feb. 2<)
Feb. 15
Mch.
1
rec.
of ree.
of rec.
to
of ree.
of ree.
of ree.
of n>o.
(quar.)
\
15,360
223,556
$370,074
._
345,863
o]
of
H olders
Mch.
2
28
28
Mch.
2
4 Feb. 21
1 Mch. 10
1 Holders
20 Holders
1 Feb.
17
1 Holders
1 Holders
1 Holders
1
1
20 Holders
15 Holders
28 Feb.
1
21
25
1
1
1
1
4
M ch.
Mch.
5
2
to
Holders
Feb.
Feb.
Feb.
Mch.
Feb.
.4 pr.
Apr.
Apr.
Apr.
-
to
to
to
April
Feb.
Feb.
34
10
14
14
•
Feb.
Mch.
Feb.
•
Feb.
Feb.
Feb.
Street Railways.
United Cigar Mfrs., pref.
(quar.)(No.3)
U. S Cast Iron P. & Fdy.. com.
64
.
Other assets
—
April
Feb.
Mch.
_•
1,604,188
5,035,292
325 ,00b
.
_
Specie
Lethal tender notes and bills
Preferred
..!
b £ sterling.
Mch.
.4 pr.
24
.
(quar.).j
73!;
14
2
.
33
Apr.
3
_
16'-..
354
Southern Pacific Co., common {No. 2)
Union Pacific, common
28
1
1
1
1
2
2
2
Apr.
2
4
2
,
108 4
Apr.
1%
.
Preferred “B” (quar.) (No. 7)..
474
108
17
3
1
Colorado & Southern, first preferred..—
Seamd preferred
'.
Delaware & Bound Brook {quar.)
Delaware & Hudson (quar.)
Erie, 1st preferred..
Second preferred
Ft. Worth dfc Denver City. stamped slock..
North Pennsylvania {quar.)
Illinois Central
New York Chic. &St. Louis, first pref...
Second preferred
New York & Harlem, coni, and pref
Phi la. Germantown cfc Norristown {quar.)
Reading, 1st preferred
1.
Common,
94
Mch.
2
—
Amer. Seeding Machine, com. (quar.)..
A mcrican Sine Iters Sec.. pref. “ t ”
{quar.)
884
474
4
110 4
17
35
Special guarantee (quar.).
.
1814
Apr.
34
14
American Express
American Locomotive, common (quar.).;
American Radiator, common (quar.).
974
94
com. and prefl.
TexasPac., pref. {quar.)
Special
'
1%
3
2
,
Cleve. Cin. Chic.
St. Louis, common..
Cleveland & Pittsb. orig. guar. (quar.)..
American
27 4
1824 *
—
Books Closed.
Days Inclusive.
Feb.
Mch.
Mch.
24
Chic. St. P. Minn. & O..
Cin., NiwOrl.
American Coal
4
4
4
64 4
46 4
46 4
26 4
4
Chicago Great Western, preferred ‘‘.4’"
Chicago & North Western, preferred
.
1574
68 4
464
•>
Chestnut Hill {quar.)
When
Payable
2
4
Miscellaneous.
Adams Express, extra
Amalgamated Copper (quar.)..:
Extra
139 4
25
414
73
57 !•>
43
common
Terre Haute (Ind.) Trac. & Light, pref.
Whatcom Co. (Wash.) Ry. <fc Lt., pref
63 4
165
4
254
Preferred
Canadian Pacific,
Common, extra
Preferred
Philadelphia Company, preferred
82
37 4
724
724
3
3
--
-
_
154
40
64
165
140
Cent.
Railroads (Steam)
Alabama Gnat Southern, preferred "A”..
Baltimore & Ohio, common
Preferred
Boston & Maine, common (quar.)
GeorgiaRy,<feElec:(Atlanta)
■
524
164'
41
82 4
3S 4
133
46
454'
1094
4
734
102
118
94 4
1554
58
94
4
119
954
4
Name of Company.
Galveston Electric Co., preferred
1174
154
1074
17
1394
25 4
43
71
133 4
86 15-16
534
374
724
62 4
1644
43
88
178
17
34
.
4
264
93
.
37
964
88
1024
39 4
si 4
464
1784
.
a
464
26 4
1034
121 4
524
85
156
464
108
1894
454
884
67'
63
1084
for the future by all large or
important corporations.
Dividends announced this week are minted in italics.
86%
95.50
77 4
1184
154
164
154 4
72'
57 V*
132
967 s
27 4
.
1884
524
4
674
63 4
46 4
78
954
394
264
,
1204
25
.
Pennsylvania
_
72
.
a
_
63
164
138
Mexican Central
Missouri Kan. it Tex., com
Preferred
73
National RR. of Mexieo
574
New York Central A- Hud. R. 132
N. Y. Ontario A- Western... 46
Norfolk Ac Western, com
89 4
Preferred
85
Northern Pacific
157 4
95.40
7S
154
38 4
82
36 4
72 4
63
161
139 4
25
39
..
154
1074
16'-j
82
95.42] 4
118 4
152
3812
..
common
4
153
Fri.
31 15-16
13- •16 31 13- 16 314
86 13- 16 864
87
87 1-16
95.35
102
1 194
96
186 4
52
1204
...
Thurs.
86 15- 16
1154
144
1064
102
Wed.
86%
87
95.35
784
Amalgamated Copper Co
116
b Anaconda Mining Co
144
Atchison Topeka it Santa Fe 1074
Erie,
Tues.
31
..
We have changed the method of
making up our weekly
list of dividends.
Heretofore our record has included
only
the dividends announced each
week, but for the convenience
of our readers we now
enlarge the scope of the compilation
so as to show also dividends
previously declared, but the
date of payment of which has not yet arrived.
In the new
form the statement indicates all the dividends
announced
--
The
as
LXXX1Y
DIVIDENDS.
Jan. 24. |
9
4
4
4
4
76
76
.
oz
reported
are
[VOL.
Stocks.
150 Brazilian Diamond
Exploration Co
& Gold
$45 lot
25 The Eldenbel Construction
Co., pref
$525 lot
Bonds.
$1,000 Amer. Steel Foundries
Co. 1st 6s, T935
96 *g
ciphers (00) in all coses.
Wc 'omit two
Bank of N. Y..
Manhattan Co.
S
2.000.0
2.050.0
Merchants*
2.000,0
Mechanics*
3,000,0
1.500.0
1.000.0
25,000,0
300.0
600.0
1.000.0
America
Phenix
Gity
Chemical
Merchants'
Gallatin
Butch .&Drove.
Mcch.&Traders*
Greenwich
Exch
(,’ommerce
Amer.
.
Pacific
Chatham
..
People's
.
153,8
386.9
646,9
4.802,4
14.295.6
..
Corn Exchange.
Oriental
Park
East River
Fourth
Second
First
N. V. Nat. Ex
8.17.3.0
879,0
352,5
1.4N0.1
809.2
4,767,6
1.202.9
6.993.1
8.213.7
118,0
3.101.1
1 ,K7.‘» ,7
19,909,9
523.6
500.0
i 0,000,0
1 .000 0
250.0
Bowery
778.2
831,5
200.0
750.0
5.000,0
V. V. Countv.
German-Amor
Chase
1
Fifth Avenue
< ierrnun Exch.
< lermania
Lincoln
Garlleld
Fifth..
603.S
4.436.1
1 .*840.5
814,1
100.0
200.0
200.0
..
_
..
..
.
Metropolis
West Side
Seaboard..
1st Nat. .Bklyn
Liberty
N. Y. Prod. Ex.
New Amster...
..
936.5
500.0
1.000,0
1,407.1
1,334,5
250.0
1 .000.0
200.0
1 ,000.0
450.6
1.660.3
840.2
1.303.8
687.0
2.260.5
300.0
1 .000.0
1 ,000.0
------
57 1.4
262,2
765,6
564,0
1.000.0
350.0
1.000.0
A'stor
State
2,742.4
956.0
4.227,0
4.402,7
1,902.0
2.277.5
1.810,0
113.0
23,322,5 10,824,8;
1,816,1!
4,017.7
260,l1
576,0
70.4'
728,0
1.408.5;
1,231,0
479.4
1,117.0
982,5
301,31
1.055,2
4,039,4
18,856,5 10,672,8!
3,448,9 1,120.9
217.5
109,9
755.0
752,2
144,1
548,7'
2,774,8 1,192,5
16.544,6
9,083.4
6.524.5
55,317,3
2,778,9 2,194.3
20.170,9
60S. 1
2.30,5
3,686,7
1,469,0
618,4
7.563,8
2.333,3
191,7
10.053.6
7,248,0 3,988.0
37,224.0
1
,880.9'
370,61
9.968,9
4,360.0 1.094.0
24,897.7
72,775,0 14,731,0 5,310,0
204.2
163.9
1,423.9
3,273.2 2,240,1
19.880,3
1.058.0
1,256,0
9,838.0
2.014.2
15.626,1
88,503.2
851.6
3,373.0
10.849,2
*593,0
207.0
3.770.0
1,008,0
503.9
5.133,8
175.4
837.6
4.102-.7
14.416.0 1.184.0
54.212,5
562.5
2.639,2
1 1.025,0
155,0
865,0
3.274.9
703.9
671,2
4,72 s.4
1.738.4
1,992,2
13.267,3
1,785.4
270.1
7.590,0
655.6
100.8
3,003.8
730.5 1.306.3
10.417.1
547.0
601,0
4,210.0
3.893,0 1,830.0
18.344.0
678,0
525.0
4.000.0
2.468.8
521,-t
12,151,3
1.464.9
42? .6
6.088,5
475.9
701,5
5.225.9
1.230.0
222,0
5.353.0
193.0
3.633.0
12.575,0,
2,240,0
3.000.0
$
1.531.0'
2,359.0
S
2,810.0
3,802.0
28,158.9,
772.7
1.029,1
460,3
750.0
1.500.0
3.000.0
250.0
Imp. A Trader*’
s’rvc
141.430,1
21,901,9
3.495.3
5,841,0
2.123.4
4.903.6
500.0
1.000,0
2.000.0
3.000.0
_
...
499.5
5.861,5
8,678.0
2,197.6
6,461.0
5,848.3
2,000.0
3.000.0
2.550.0
North AmericaHanover
Citizens* Cent.
Nassau
Market & Fult'n
Metropolitan
153,224,6
24,230.5
2,390,4
500.0
5.000.0
25,000.0
3.000,0
500.0
450.0
200.0
Mercantile
21.629,3
7,999.5
2,912,2
300,0
700,0
.
2.863,7
1.537,8
3.624.6
4.083.8
410.0
S
18,304.0
20.985,0
12,557.2
21,939,0
23,973.8
7,949.0
S
Lcgals. jDeposits. a Re¬
Specie.
Loans.
Surplus.
Capital.
s
! %
16.579.0 20.1
23.409.0 26.3
14.223.4 20.0
22,536.0 27.1
26.026,6 25.6
7.416.0 25.7
130,537.5 26.1
22.591,0 25.8
6,287,6 26.5
6.638,9 27.2
2,285,8 24.0
7.486,0 24.0
6,347,5 20.2
20.749,0 24.5
117.879,1 25.0
17.676,2 25.8
3,709.6 16.7
5,878,6 25.6
2,506,3 27.6
New York
Wc omit two
Capital
Banks
Specie,
Loans.
and
Deposits, aj
j Legals.
Surplus.
I
$
279.714,01104S.808.7 177.601.6
New York
Jan. 12..
Jan. 19-.
Jan. 26..
Feb. 2..
Feb. !).Boston.
Jan 19..
Jan. 26-.
Feb. 2..
Feb. 9.
$
.
Jan. 19-.
Jan. 26-.
Feb.
2-. j
Feb. 9.. j
j-
7,515,7
10.097,9
43.295.0
10,287,2
21.855.0
80,768,0
1.627.2
21.951.7
9,250.0
71,481.1
10.S17,0
4,106.0
6,120.3
4.126,9
59.992.7
12.178.7
4.202,9
5,842.1
14.527.4
27.7
25.0
25.9
21.8
25-0
24.S
22.6
25.1
25.0
24.6
25.0
19.4
21.7
24.5
26.0
26.2
24.2
23.5
25.6
, .857 .5
25.6
3.185.5,25.0
9.903,4 20.5
4.522.0 25.3
21,772,0 26.2
4,846,0 21.8
10.755.4 27.8
7,145.2 20.4
5.794,9 21.3
5,547.0 20.1
15.254,0 25.0
1063.957.3
1055.955.4
1097.837.6
1099.356.4
43 680.0
43.680.0
43.680.0
43,680.0
183.3S9.0
16.881.0
184.705.0
187.810.0
187,751 Oj
18.561.0
18.935.0
18,069,0
22S.91S.0j S.477.01
235.527,1'
4.922.0
218,801.0 8.454.0,
218.426.01 8.479.0;
179.246,7
172.152.3
4.321.0
216,348.0j 8,461.0:
169,783.9'
144.000.0
155.602.4
5.972.0
5.527.0
51.165.0
51.165.0
218.774.0,
219.085.0
51,165.0
51,165.0
220.795.0
58.462.0
246.851.0,13.955.0;
253.041.0!13.912,01
253,245.0 j 13.914.Oj
221.417.0;
55.056.0J
245.663,0113.868.0;
59.008.0
59.776.0
Feb. 9 1907, based on average daily results.
ciphers (00) in all cases'.
UV omit two
—
—
—
*
-
‘
~
*
Legal
■
Banks.
Capi-
Snr-
tal.
plus.
to
Loans
and
Invest-
Specie
merits.
Imports and Exports for the Week.—The following'!are
imports at New York for the week ending Feb. 9; also
totals since the beginning of tlie first week in January
the
FOREIGN IMPORTS AT NEW YORK
!
1907.
Dry Goods
-
General Merchandise
Total
Since January 1.
Dry Goods...
General Merchandise
1906.
1905.
;
Deposit with
Tender
and
Bank
Motes.
—
Clear-
1
Other
j
S3.255.720;
S3.331.5G5l
S3.292.7S41
12,203.220,
10.534.194
14.450.849
Wasli.H'g'ts.
Century
Chelsea Exch
Colonial
Columbia
Consol. Nat.
...
.
Fidelity
_
._
.
l-lth Street..
Hamilton
Jefferson
ML Morris..
Mutual
19th Ward
Plaza
Riverside
12th Ward.
23d Ward.
Union Exch.
Yorkville
Coal AI .Nat
34th St. Nat.
Butt.Pk.Nat..
.
.
.
.
.
_
100.0
200,0
100,0
100.0
300,0
1,090.0
2(H),0
500,0
.200,0
500,0
250.0
200.0
200.0
100.0
100,0
2(H). 0
100,0
750,0
100.0
500.0
200.0
200,0
148,4
168.1
225.7
635,0
189.3
260,9
250.S
318.3
108.5
200.2
164.9
789.3
383.2
575.6
206.3
1 i9,2
$
982.3
1.348,2
1,016,2
4.176.1
0.297.0
0,849,7
1,089,3
5,725,1
5,219,9
4.166.4
2,695,4
3.361.5
3,652.4
3,935,0
1,749,9
2,353.0
1,697.3
7 ,684.7
3,250,2
4.645.0'
1,284.6!
789.5!
Borough of
Brooklyn.
Borough
.
Broadway
Brooklyn
.
...
Mfrs.* Nat..
Mechanics’
Nassau Nat.
.
Nat.
City..
North Side.
Union
-
.
200,0
150,0
300,0
252.0
1,003.0
750,0
300,0
10).O
1,090,0
Jersey City.
§
13,0
24,9
72 2
86.4
269.0
815,9
13,3
265,7
266,6
7,8
135.1
21.1
10,5
263.0
13,4
29.0
68,4
322.6
43.5
622.0
309.7
123,5
$
54,0
52,4
30.5
342,0
240.0
65,0
62.6
319,0
218.2
308,1
118,0
396,3
323.3
245,0
124,5
20S.0
170,8
152.0
337.0
147.0
7,6
25,0
47,4
18,8
130,1
195.1
205.0
4.612.4
10.421,8
6,183,0
3,127,0
1,524,0
37 7,8
10,552,0!
335.0
122 ,s
652,9
493,0
304,0
105.5
672.0
2.781.5
2,644,1
1,853.7
236,8
249.0
124,0
25,5
78,5
:
etc.
j
293.1
79,4
104.5
116.5
52,7
13.9
55.5
5,856,7
2111237,0 15257.3 131065,2; 5,855,0
26J 11237,0 15257,3 131682,2 5.864,4
7.327,5
7.192,6
7,478,4
Third Nat
200,0
Hoboken.
First Nat...
1 10.0
Second
125,0
Nat.
1.160.3
712.0
341.2
§
$
102,7
79,1
49,3!
671.91
504,01
324,91
-
112,1
442,1
223,1
165.4
379.4'
316,6
644.0
137,0
120.6
205,0
132.4
352,0
184.6
833.0
79,8
I
s
839,5
1,267.4
1,280.8
5.046.2
6,695.0
5.213,4
1,055.9
6.733,8
5,835.8
4.058,1
3.263,0
3,095.7
4,514,2
4,156,0
154,2|
1,999,0
i
32,81
189,1
229,71
496,0
434,0
310,0
166.6
58,1!
61,3,
200,0(
9 11237.0 15288,9
2,733,0
2,047,2
112.1
233.3
68,0
60,0
120,0
7.232.7
3,700.0
4,290.0
1.459,3
720,3
140.0
151,0
322,0
356,4
619.2
1,249,6
991.0
1,507,0
52.1
1,518.0
116,3
108,6.
$17,743,033;
S8.396.399
§19.515.472
§16,996.807
74.848,903
61.950.601
§S3,730.559:
$98,505,485:
53.859,293
68.984.129'
§88.499.601! S70.S5C.100
1
;
The following is a statement of the exports (exclusive of
specie) from tho port of New York to foreign ports for tlieweek ending Feb. 9 and from Jan. 1 to date:
EXPORTS FROM NEW YORK FOR THE WEEK.
1900.
1907.
For the week
Previously reported
Total 6 weeks
>
j
1904.
1905.
$9,327,21 ij $11,132,102
51,999,623
48,769.015,
§14.109.756
00.420.402
$13,238,613
64.112,531’
S74.530.158
S77.351.144] $58.096,22l»|
$63,131,725
The following table shows Hie exports and imports of
specie at the port of New York for the week ending Feb. 9
and since Jan. 1 1907, and for the corresponding periods in
1900 and
1905:
EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.
UVvfc.
< (reat Britain
France
4,005,6;
2,669,71
1,857,9!
2,298.9!
1.072,7
130179.01
2,899,0
2,175,4
4,852,8
12.343,7
5,834,0
143,0
4,626,0
395.5’ 1,851.9
2,111.0 13,818,0
5,142.4
1.497,7
187,2
397,5
710,0
178,3
33.1
149.3
56,5
86,7
|
|
Since Jan. 1
I
S365
i
Total 1907.
Total 1906
Total 1905.
$43,500!
‘
.
.....
$321,175 j
-
§43.500|
-.
SI
,374.0851
i
’
?700i
1,680
74.984
2.474
j
$79,838
70.417!
63,422
.3,648,982j 27,297,865
GreatBritain
France
i
i
S533,S77j S3,377,661;
.j
66,712
21,392
324.991
22,545-
$436,005
259.277
407.685-
$1,022
1
Germany
11,589'
West Indies
Mexico
South America
All other countries
”
2,056j
:
Total 1905
'
----
!
$17,302'
412
s
Total 1907Total 1906
J
$533,877! §3.389,2501
1.452.845! 8,068,114!
624,980! 4,119.243*
1
I
5,773
133,826189.077
2.056
§19.770j
$331,754
94,6671
41.120
327.415
96.604
Of
the above imports for the
week in 1907, $810
American gold coin and §1,902 American silver coin.
Of the exports during the same time $43,500 were Americanwere
gold coin and
were
American silver coin.
limiting anti ^financial.
1.913,4
94,51
1.681,5
We shall be pleased to mail investors
circular
describing 5 7 Sliort-Term
copies of
Notes and
10-page
Collateral
our
Bonds.
trust
Spencer Trask & Co.
Branch
Office, Albany, N.Y. William and Pine Sts., New York.
2,401.7
2,090.6
Moffat
1
&
White
Members New York Stock Exchange.
6
15,259,5 7,291,3! 142557.1
14,428,2 0,914,0 142147.4
13,140.7 6,372,3 141015.4
>rrinTrhni,h:■1
Imports.
Week.
;Since Jan. 1
;
■
...
j
3.030.4
33,4
183,3
171,8
*
580,3
191,9
5,800.256
S21.779.958
Silver.
*|
187,1
99.3
54.1
100,0
250,0
.
943.8
918.2
614,3
209.1
1.077,1
.
First Nat..
Hud.Co. Nat.
Total Feb.
Total Feb.
Total Jan.
150.0
408,5
164.0
:o -.0
§2.596.143
$23,056,582
Met
I Banks. Deposits.
ing
Agint.
1
$
168.8
152,6
98,8
405,4
436,7
1,108,2
1904.
j
Slo.458.940j S13.SG5,759j
,
Total 6 weeks
1
1
I
For week.
f
§
.C*
§3.994.000;
West Indies
Mexico
South America
All other countries
_
Man.A Ur i.
132.656
Including for Boston and Philadelphia the i^cm “due to other banks*'Jand alfco*
For Boston these Government deposits amounted on Feb. 9>
on Feb. 2 to §4.392,000.
a
'Germany
—
■
N. Y. City
Boroughs of
150.332.2
Government deposits.
Exports.
Reports of Non-Member Banks.—The following is the
statement of condition of the non-member banks for the
-
S
S3.269.71100S .922.4153.690.9 j 2.223.955.2
included, S15.47S.300.
Total of United States deposits
week ending
!
$
$
$
Clearings"
Circu¬
lation
192.610.6 86.458,7^ 1042.434.4(53.631.9i2.181.845.2
196.873.2 85.442.5j 1067.011.6153.543.7 2,083.701.7
197.800.3 84.013.8 1076.720.0 53.1S5.4[2.112.006.5
190,382,1 79,354.4 1065,562,5 53,334.811.940.536,1
1
279.704.0
277.783.4
277.783.4
281.934.0
Phila.
a
a
ciphers (00) in all these figures.
15,703,6,25.1
62.637.9 24.9
19,762,8 25.1
3.979.1 21.0
is
Clearing-House banks
The New York
include results for non-member banks:
figures do not
123,450,0 158.484.0 1099.356.4 190.382.1 79.354.4 1065.562.5 25.3
Totals
City, Boston and Philadelphia Banks.—Below
summary of the weekly returns of the
of New York City, Boston and Philadelphia.
a
'
Clearing-House Banks.—
The following •statement shows the condition of the New
York City Clearing-House banks for the week ending Feb. 9It should be distinctly understood that as to all items except
capital and surplus the figures are the averages of the daily
results, not the totals at the end of the week. In other
words, in reporting loans and deposits and holdings of
specie and legal tenders, the practice is to take the aggre¬
gate of the amounts for the several days of the week and
divide this aggregate by the number of days.
Statement of New York City
Banks
OOs omitted.
373
THE CHRONICLE
1907.]
Feb. 10
NASSAU STREET.
HANOVER BANK BUILDING
Dealers In Investment Securities.
COMMISSION ORDERS EXECUTED FOR CASH ONLY
o>yp - ' •'
"-'■rfr
;■-Tf ffii'.r1
TT"«•-.yy
-
--•**V
"»Tin-y
374
THE CHRONICLE.
ithunuers'
[V.OL.
worthy change in prices.
Atchison,
Northern Pacific, Union Pacific and United States Steel
issues.
Consolidated Gas debenture us were
conspicuous on Thurs¬
day for an advance of marly 1 po’inls. Some' of the Rock
Island issues have had a
strong tendency, and Delaware ifc
Hudson convertible -Is have advanced
marly a point.
Wabash 1st 5s, on the other hand, have (if dined.
United States Bonds.—The
following are the
For Dividend see page 372.
Wall Street,
Friday Night, Feb. 15 1907.
The Money Market and Financial
Situation.—The history
of this week's
operations at the Stock Exchange contains
little of interest to those not direct
participants therein.
The market has been
alternately strong and weak, with small
apparent reason i\»r ('it her condition; and. while prices have
fluctuated rather widely in several cases, their
movement
has not attracted much attention.
Nothing now lias occurred to change public sentiment
quotations; for yearly
-
1930
1930
190S 1918
190s 1918
190S 1918
1907
1907
1925
.
Although foreign exchange
Among the former
L XXXIV.
rates'have been even lower titan
gold has'been reported engaged for
shipment
last week, no
from the other side.
Evidently our bankers agree' with
London bankers that for the moment at
least the foreign
supply of gold shall not be disturbed.
Moreover, the local
money market is pot in special need of lunds.
('all loan
rates have ruled higher than
recently,
but
rates for time loans
are easier and
the supply of funds in this
department
range see
Inter (St i
lJ( riods
registered Q-
registered ;Q
Fob
coupon IQ-—Feb
anall coupon q
Fob
.registered it- Jan
.
.
Feb.
9
*105
*105
.coupon[Q—Jan
.
.
Jan
third
Feb.
12
*
'*105i?fj
102 q
*
II
*1021-* 1
102 M * 10214
*101
*101
L
I
D
,
A
Y
,*129
*129
1930 Panama Canal coup Q—Nov
*
This is the price bid at the morning board:
no
sale
Feb.
14
Feb.
15
i
*105^8 -*105Uh -*105?4
*105':, *105.4 *losq
*102U> *102 (2 * 102 3t
*102 ' •*. *10212 *102 34'
*
1021i *102 *4 '*102q
*ioi q *10114 *101 U
*ioi q *10114
*101U..
O
coupon,Q- Jan *101
*101
registered; Q— Feb 1*129
,*129
i
coupon Q—Feb *i29H;*i29 y2\
1925
Fob.
13
1*105%!
J*10214 ’*102 *4
1
daily closing
following.
page
Feb.
11
are
*129
*129
*129
*129
was made.
Railroad and Miscellaneous Stocks.—There has been
ample.
a
little more activity in the stock market this
The possibility of new
week, although
currency legislation during the- on
current session of
only one day have the aggregate transactions approached
Congress continues to be a matter of inter¬
est which is
1,000,000 shares and for the week have averaged
freely discussed in financial circles.
well under
that figure.
The open market rates for call loans on
Prices have moved lip and down easily, and
the Stock Ex¬
change during the week on stock and bond collaterals have no explanation is at hand of their irregularity.
ranged from 2% to 6%. To-day’s rates
5(0;6%. Prime commercial paper quoted
call
on
As a result of the week’s
operations, a large portion of the
active list shows an advance of from 1 to 4
points. Among
ther notable
features are Canadian
which ad¬
Pacific,
vanced 5% points and closes near the
were
•)%(&( >%%
for endorsements and
5%@6%% for best single name?
The Bank of England
weekly statement on Thuisday
showed a decrease in bullion of
at
.€91,590, the percentage
of reserve to liabilities was
50.29, against 49.66 last week.
The discount rate remains as fixed
Jan. 17 at 5%.
The
Bank of France shows a decrease of
3,525,000
francs
in
gold
and
1.600,000 francs in silver.
NEW VOIIK CITY
CLEARINOHOUSF
BANKS.
Dili1 rev res
1007
Feb. 9.
from
on
I 000
cions imk.
Fib.
1903.
Feb. 1 I
in.
s
Capital
Surplus
123.430 .Oh)
1 10.472.700
1 15.972,7( 0
158,4X4.090.
144 901.100!
135.951 .400
1. aiis ami discounts...
1,099 350.-b 0,1m-.
1 5is.900 I 001 .997.200-1.142,100.100
Circulation
\
53.334.MHl!ltu\
149.400:
51.449.800!
43.025.100
N«'t depo-ils
:al0(\>,502.*:00:1 Hr. 1 1.157.500-1 .000.950.900-1 .202,972.30n
Specie
j
100.382.100
liter.
7.418.200
190.894,500
222.571.000
I.CLVl ten l«-m
79.354.400: in c. 4.059.400'
x0.280.800
x9.209.0I0
___>
.
Reserve held
25' i <*1 ill PUSII.-
Surplus
209.730,500 Dec. 12 077.000
200.390,625iDee. 2.7X9 375'
i—serve
3,3 15,x75 Her.
271 .1x1.300
31 1.7x0 000
300.743 075
205-237.725:
9.2XX.225
5.943.5 75
1 I
top; Delaware & Hud¬
which is nearly 5 points higher than on
Monday; Great
Northern, which covered a range of 8% points, closing near
the highest; Missouri Kansas &
Texas, which has been a
son,
strong feature throughout
closing 4% points higher; and
Northern Pacific, which, after
covering a range of nearly 5
points, is only fractionally higher than last week.
Reading
has been by far the most active
stock, has fluctuated widely
and closes with a
relatively small net gain.
Anaconda Mining has been the
conspicuous feature of the
industrial list.
It was very active, covered a
range* of 19%
points, and closes near the top. American Sugar
Refining
has been more active than usual and is
higher.
Consolidated
Gas advanced 6 points,
nearly half of which it lost to¬
day. Steel common is up 1 % and the preferred is fraction¬
ally higher.
For daily volume of business see
page 384.
The following sales have occurred this week
of shares not
,
represented in
030) .925
ST< >CKS.
Week
u
815).47.8,300 United State s deposits included,
against $ IU-3X4.300 las? week and
‘58.573.100 the corresponding week in 1900.
With these United St ttes
deposits
eliminated, the surplus reserve would be
§7.215.450
on Feb. 9 and §10,730.175 on
•Feb.
2.
A7ole.—Returns of separate tyanks appear
on
the preceding pane.
Foreign Exchange.—The market was active and lower
comparatively narrow fluctuations;
it was
chiefly influenced by offerings against stocks bought
for London account.
Gold arrivals from London.
$486,650,
and from Paris, $45,000.
this week, though with
do-day’s (Friday's)
nominal
4
rates
for sterling
exchange
81%(r$4 Si? for sixty day and 1 S51 4 (t 4 SO for sight.
To-dav's (Friday’s) actual rates for
sterling exchange were
1
were
8050(a)4 S0G0 for long, 4 S450(u 4 8460 for short and 4
8520
(a A S5S0 for ea-bles.
(’ommoreial on banks 4 SO (a 4 8010
and documents for
payment 4 79 %(rt 4 80%
Cotton for
payment 4 70%((n4 792 s, cotton for acceptance 4
SO
(a 4 8010
and grain for payment 4
80% (a 4 80%
To-day’s (Friday’s) actual rates for Paris bankers’ francs
were
5 23*4*@5 22%a. for
long and 5 20%//(a'5 20 %« for
short.
Germany bankers’ marks were
,
.
93
Ul-10(a98% for
long and 94%(fi94 9-16d for short
Amsterdam bankers’
guilders wen' 39 90(5 39 98 for short.
Exchange at Paris on London to-day 25f. 25%c.; week’s
range 25f. 27c. high and 25f. 25%o. low.
The week’s range for
exchange rates follows:
.
Sterling, Actuallligh
Long
4 8005
4 8035
Low
-Short
(aA 8075
'a: 4 SO 40
I 4 8405
j 4 8450
15 20%h
5 21 q
(»)5
20%a
@
94 9-161
94 7-16,
:s—
Hich
Low
<h
r
Hitch
.
Low
5 23 > s
(5.5 221 ja
5 23 x4
(d 5 231 s
Hunkers' M'arks—
93 13-10 fa.
93 U
93- s
fa
93 :q
Guilders-
Cables-
(a 4 8475
fa 4 8455
1
j
94 Uj
94 q
|
4 8530
1 4 8520
he5 20% a
@
(aA 8540
Cii 4 8530
I
!
-
High
.
.
Low
I
,ess:
Plus:
.
„
.
.
-139 15-10
139 90
d 1 -32 of 1 %
x 1-32 of 1%.
.
O!40
1
@39 98
j
h 3-32 of 1%.
V 3-32 of UV
The following were the rates for
domestic exchange
York at the undermentioned cities
X('\v
buying 50c.
on
to-day: Savannah
per $1,000 discount; selling. 75e.
per $1 .000 pre¬
Charleston selling, SI
premium.
New Orleans
bank, 75c. per 81.000 discount; commercial. $1
’per 81.000
discount.
Chicago, par. St. Louis, par (a 15c. per $1,000
premium.
San Francisco. 50c. per 81 .000
mium.
premium.
State and Railroad Bonds.—Sales of
State bonds at the
Board $10,000
Virginia 6s deferred trust receipts at 20.
The market for
railway and industrial bonds has been
exceptionally dull and narrow. Only a few issues have been
relatively active, and a less number have recorded a note¬
.
Sales
ior
Wnk.
ending Feb. 15.
Alice Minim?
Amer Pneumatic Serv..<
Amor Teleg A Cable
Bethlehem S'ee! ('urn
Chic Burl A Quincy
Chic M.Tv A Sr P
merit rtf<. 10*, paid
d >
nfd c,fs. 19', ]><1
Comstock Tunnel
1st income 4s
Detroit A Mack., pref
Federal Sutra r
-
Preferred
N Y A N )
Telephone.
Ontario Silver Minimi
Rubber Hoods Mfg, pref.
Sears. Roebuck A Co. pf.
standard Mining
Toledo Peoria A Western
Vandalia
Vulcan Detaining
.
Preferred
-
4 or
the pages which follow:
Hong 1 /or teak.
Lowest.
.>0
00 21
sx
1X1
800 1 x
109 200
:
on
Feb
Feb
Feb
Fob
Fct)
2.0X0 132
Feb
1,117 : 40qivb
3 5<KI 39e. Feh
$5,000 2 1 e. Feb
10 90
Feb
300 52
Fob
420 85
Fi h
444 113 q Feb
11.350
7 U Feb
180 100
Fel)
800 93 q Feb
300 $3 q Feb
20' 1711 Feb
120 87 q Fob
11 0
8*1 Feb
200, 50 >4 Feb
11
liange since Jan.
ighest.
’) $61 •. Koi>
13 21
Fob
13 8X
Feb
13
!XU Feb
15 200
Feb
11
14
9
11
$0
21
SS
18
15:200
15 133q Fob
1 1 !48
Feb
15 43c. Fob
1 1
23c. Feb
15 of)
Feb
'p 00
Feb
1 ’
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1 1 114q Feb
9
x1 •> Feb
11 100
leb
11
94 q Feb
13
Lov'isl.
131
13
13
14
131 130
1- 143U,
11
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70
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11
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17 *4 Feb
87 q Feb
sq Feb
57
Feb
11,
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14
87 q
9'
8
9
531 ■;
1
H ighest.
Feb S7q.
Feb 2 s
Feb XX
Feb 20*-.
Feb 200
Jan
Jan
Feb
Jan
Feb
Jan 141
Jan 149
Ja- 50eFeb 23c.
Feb 90
Feb 00
Fel
X5
Jar 1 15
Jan
XU.
Feb
Jar
Jan
F eh
Fct
Jan
Jan
Jan
Jan
Jan
Feb
Feb
Feb
Fob
Jan
Fel)
100
Feb
94 q
Feb
$3.70 Jan
17 q
Feb
93
Jan
9*4 Jan
57
Feb
Outside Market.—In the “curb” market
the upward drift
prices in the earlier part of the week later
gave way to a
downward movement. To-day.
however,
the market as¬
sumed a decidedly firmer tone and a
good business was
transacted in mining shares.
Greene Consolidated
Copper
advanced from 315£ to
28% and ends the week'at 32%.
Greene Gananca moved
up from 22% to 25% and down
finally to 22%. "nited Copper common from
7314 ran up
to
to
74%. then dropped to 72%. closing
to-day at 72%.
Douglas Conner jumpod un from 15% to 22 and closed
to-day at the high figure. Tennessee Conner rose from
47%
to 50%. sobs; ouentlv
reacting to 50.
Utah Copper gained
2% points to 40 but dropped back to 39. Boston Consoli¬
dated Copncr advanced from
30% to 31 % easing oT to 30%.
Butte Coalition from 88% fell to
30%. recovering to 37%.
Dominion Copper went up from
6% to 8 and down finally
to 7%.
trinity advanced from 35 to 38%. but dropped to
33% to-day. Nipissing was an active feature, and
from 12
advanced to 14%.
Outside of a few of the principal issues,
very little interest has been manifested in the
industrial
properties. Standard Oil. after an advance from
539% to
540. sank to 535. and
to-day moved up again to 540. A
dividend of $15 was declared
to-day. Central Foundry pre¬
ferred sold up from 14 to
10%
and Electric Boat from 79
to SI.
Waterbury Co. common advanced from 47% to
49%. reacting to 48%. Western lee was active and
moved
up from 27% to 28:%, but sank back to 27%.
Chicago Sub¬
way. after advancing from 28% to 29,
dropped to 27, and
to-day rose to 2871b Great Northern “rights” sold
up
from 19 to 21%.
.
(t.
Or
1-10 of 1 %.
k 1-10 of 1%.
a
detailed list
our
Outside quotations will be found
on
jingo 384.
New York Stook
Weekly and Yearly
Jiecord,
Exchange—StockTWO
Daily,
PAGES
OOCVPYINO
STOQKti—HIGHEST AUD LOWEST
Feb 11
-JoVj
120
99
120
1101*
00
120
1174
116
ednesday
tridav
Feb 15
Thursday
Feb 14
Feb 13
•
127
•
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94
73
73 4
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120
139 ‘a *127
as
....
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120
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147
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210
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160
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160
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35
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374
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81
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614
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105
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£ 157 4
354
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254
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13034 132
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106
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120
130 4 131 ®8
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8541
BANKS AND
Bid
Bunks
Chemical.... 4000
Citizens’ Ctrl 150
City ......... 260
Coal & Iron. 250
700
Colonial
480
Columbia
Commerce... flS3 '(■
Consolidated
not
C’ru Exclpj
YORK
...
....
r
...
..
Discount^]...
East
River..
Fidelity*
| Fifth Ave*
;
Bid and asked prices-, uo
Sale at Stock
Bid
Bunks.
Ask
2074 220
Aetua
550
530
America 1
250
Amur Exch..
750
650
Astor
130
Batterv Park 120
330
320
Bowery*,
Butch’s & Dr 170
1*8*5
Century 1,,... 175
6275
Chase
310
Chatham
Chelsea Esc* 105
*
Highest
Lowest
Highest
Baltimore <fc Ohio
(Canadian Pacific
,
,
Delaware* Hudson
tj'rie
Havana Electric
Illinois Central
KC.Ft.S.<fcM..l r. els. ptcl
Iake Erie
-
Western...
.
„
*
•
£18441844
NEW
EXCHANGE
Year ( lUOo )
Lowest
•
6434
2114
6434
•100
•600
STOCK
| A anye 'or Previous
Bangt* lor Year 190?
On basis 0/ lOO-share lots1
Atch. Tooeka«£ Santa Fe
*
*92
73 >8
• 1U0
NEW YORK
the
Week
Shares
linilronda.
85 4 M ay no4 Sep
118,050 08:Js Jail 30 1084 Jan 7
104 7i
104
J an
Dec 106
103\ 105
960
08-4 Feb 6 101®* Jan 12 x98
*
Do
pref
OOSs
00"4
99
094
131
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09
09**
1,100 118 4 Feb 5 1334Jan 5
Atlantic Coast Line BR..
*120
122
4
122
1234
1254
Sei»
May
1054
1204122
22.720 1114 4 Feb 15 122 Jan 5
Oct
99 4 Jau
9L
1144 U54 1144H43e
xll4 4 1154
309
02 4 Jan 30 94 4 Jan 10
Do
*89
92
pref
•89
92
90
03
14,155 714 Feb 1 83Jan 7 71 J’ly 94 4 Jau
74 4 75 4 Brooklyn Rapid Transit..
Nov 153 4 Sep
743b 754
74 4 75*4
Jan 26 124
115
Jan 26 115
&
Buffalo
Rochester
Pitts
*100
150
135
'100
*100
120
Jan 4 139 4 Nov 150, Deo
Jan 4 135
135
Do pref
4
127
130
'127
139
4
83
87
Feb
Jan
*127
1394
100 84 4 Feb 8 85*4 Feb 8
844 Buffalo db Susque, pref...
844 *83
844 844 *83
178 4 Feb 4 1954Jan 4 1554 May 201 4 Deo
28,105
184 4 186
183
1844186
186
654J’ne 707e Jan
63 4 Feb 5 65 4 Jan 14
Canada Southern
*63
64
-63
64
64 4
*62
"3*1*61 208 Feb 7 2104Jan 2 |204 May 2394
Central
New
of
♦207
209
Jersey...
209
209
4 Nov 65 4 Aug
208
208
13,060| 484 Feb 1 56 Jan 6 51
61
53 4] Chesapeake <fc Ohio
25 4 Sep
50 7s 61*4
514 514
354 Oct
22
Feb 1 274Jau 6
24 4 Chicago A Alton RR
*22
244 *22
Dec
70
774 Oct
24
*22
**300 65 Feb 1 60 Jau 6
Do
65
65
65 4 65 4
pref
16
J’ne *23®b Jan
65
18
Jan
2
tO
31
3,5
154
Jan
10
10
Chicago Great Western..
79 4 Sep
86 4 J an
157s 164
164 164
10U 77
Jan 2^
Jan 21 78
Do 4 p. c. debentures
*767s 79 4
80
Jau
70
Dec
•767* 79 4 *767e 79
650 694 Feb 8 714 Feb 14
Do
5
71
71®b
p.c.
71
714
pref. “A”..
247* Nov 394 Jan
570
70
300 213, Feb 1
20tgJan 5
23
23
Do
4
p.
c.
pref.
“B”..
*23
24
*23 '
24
127,877 145 4 Jan 10 157 4 Jan 14 1146 4 Dec 1994 Dec
Aug
14841504 14641504 1484 1497e [Chicago Milw. & St. Paul.
540 150
Jan 10 1654Jau 6 U60 Dec- 218
165
Do
164
pref
33 4 1 lee
32 4 Deo
-164
165 4 16541054
31
Jan 29 35 V Jan 5
Dosubserip war’nte h
0,880 Ut>’-4 Feb 2 •205 Jan 10 102 Apr 240 Jau
1654 1674 Chicago & North Western
Mar
i’es” ioT* 16.) 167
Aug 270
Jau 10 225
100 210
Feb 11 234
Do
2u8
23o
230
pref
208
'208
230
17,700 15 4 Feb 4 18 4 Jan ‘23
16
16
4
Do rights
16
164
108
an
4
J
168**
J
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154 16-4
Jan 8
160
Jan 21 170
150
160
Chic. St. P. Minn. <fc Om.
160
150
Nov 202
Jau
'150
160
Jan 19 175
160
Jan 18 165
Do pref
160
180
180
184 Jau
-160
94 Apt
9 4 Jan 18
O'
Jan 19
•0
12
Chicago Term’1 Transfer.
25
Dec
42:,4 Jan
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134
60O 22
Jan 11
Feb 14 25
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Do
22
pref
224 22 4
37e May 1334 Feb
600
5 *4 Jan 91
44 Jan 30
rO
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Chicago Union Traction.
5 4
5 4
ll7s J'ly 47 4 .Mai
601*
19 :V J a u 9
16
Jan 30
Do
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17
4
89
Dec 1094 Jan
17
pref
174
2,20b 854 Feb 6 927feJan 7
86 4 90 4
Cleve. Cin. Chic, ife St. I
80 4 80 4
J'ly 118 Jau
1084 Jan 7 (110
Jan
7
1074
Do
105
109
pref
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Oct
20 4 Jau
*105
100
10,02*6
384 Jan 9
33
Jan Hi
Colorado & Southern
364 36 7e
36
37
664 Apr 73 4 Feb
7 Jo 65
Jan 30 6!*4 Jan 7
Do
1st
preierred
6 <’ 4 o< 4
43
"07
68
May 5,i Deo
4,080 534 Feb 6 58 4 Jan 8
2d preferred......
Do
56 4 5d,{b
56 4
56
May 23 l:,.| Nov
2.30U 207 4 Feb 1 2274 Jan 2 180
2
1
4
214
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Jan 17 510
...
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505
36
505
4
505
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5,900 354 Feb 4
4278Jan 7
39
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39
01 4 J an
83
uo.
38 4 394
843 70 4 Feb 6 S3 4 Jan 10
Do
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70 4 Dec 102
704 80
pref
80
80
loo 774 Feb 1
80 4 Jan 16
United
81
Detroit
*80
4
16
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J’ly 224 Jan
cOO 16 Vi Jan 20
194 Jan 5
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<fc
17
Duluth
Snore
All..
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Jan
45
4
32
17
17 4
Apt
25
39
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20 4 Jan 31
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pref
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35
384 May 504 Jan
57,010 324 Feb 5 44 4 J an f>
83
Jan
364 31
36 4 37*4
744
Dec
1,330! £60 Jan 3: 7578Jan 7
-i Do
1st pref
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70
604 60 4
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67
Jan 7 62 4 Apr 764 Jail
Do
2d pref.
61 4 614
76
Jan
68
Dec
*0u34 62 4
70
Evansv. & Terre Haute..
*65
80
*65
70
Aug
J’ly 04
90
Do
•85
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prei
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348
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95
30.039 161V Feb 6 1894 Jau 2
Great. Northern, nret
1714
168
85
Dec
164 4 1704
704
Dec
j5.,)20 73
85
Jan 5
Jan3i
76
774
Temp ctfs lor ore prop.
81 4 Nov 92 4 J an
76 4 78
Green Bay<& W..dHh. ei 1. t\
23 4 Jan
*75
114 Oct
13
Jan 29 14 4 Jan 17
Do
del*, i ll. B
53
Aug
10U
Jan 3j 33 *8 .Jan
43
Jan 8 4 7
45 4
"4*L** 4*7**
77 4 Jau
974 May
A00 83
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83 4
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84
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113
pref
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Feb
Apr
115
JaulO 15 Jan 19 92 4 Nov
ll'U
105
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4
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94
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164
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72
159
1604 160 4 i6>>'
10.0 .-5 324 Jan 21 39
Jau 23' 334 J lie 554 May
34 V;
35
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354
1,650 7 U 4 J au 21 V 5 4 Jau 7 j 70-'VJ’iy 874 May
71 *n < i •
Do pref
714 72
24
J’ly 344 Jan
Jan 10 28 4 Jan 4
2,4-0 24
25 4
25:4 2f>: Iowa Central
25
48
J’ly 63 4 J an
Jau 7
1,01*0 43
Jan 19 51
45
45 1
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45
454
pret.
77
oct
84 -> Feb
100
80
Jan
lo
78
Jan
22
7 8 T» 7 8 ■
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30 V J an 5
1,000
Jan
29
264
♦28 4 29 4
ausas City Southern..
28-h -9
71
J an
Jan 30 014 Jau 8 I 49
2,500 56
J’ly 44
59 4 601
59
59
Do
pxef
4 Jan
27
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30
31
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78
01 *4 Oct
pref
814 Jan
674 Jan 9
..1
Jan >1
*60
70
70
*60
!Long Island
133
156 4 Jan
4
May
3,460 132 4 Feb i 145 4 Jan 5!
1354 1 36 l-j 1354136 iLouisville A Nashville...
j an
162
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Sep
14*>
Feb
13|
1/335 1114 • :i 11 2 ft
144
144
144 4 145
| D*
A f anhattan Elevated...
10.7 Jan 23| 11-3 J’Jy 127 .1 an
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Jan.-O
io7
1 10
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etropolilan street
29
Dec
3.5ou| 22 4 Jau 3o 2/®b Jan 6j ( 184 May 84 4
24 4 25 [.Mexican Central
24 4 25
..4 j an
Jan 15, j .'8
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1
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90
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pi
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87
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121 4 124 4iMinn. S. P. A S. S. .Mam120-4 122
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1494l404
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pret
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434 Nov
lit,460 35
1 -.in 3c
434 Feb 15
40 4 43 V Mo. Kansas A Texas
4 • l8 414
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130
4
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110
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83
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45
45 4 £45
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5,380j 84 4 Jan 2s 92 J an 5 8
86
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A
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4
o64
86
4
89 4 Apr
86
4
96
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86 4 86*4
90 4 Jau 10
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subscrip, rects... 16,0j2| 1284 Feb 4
.J’ne
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125
125
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105
Jan 106
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106
115
Jan 29 1244 Jan 2 105 4 Jan 135
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120
-no
120
pref
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♦110
120
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131 Sj 132-4 Pennsylvania
1314
1324
7o
87
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May
131®* 132 78
alU 73;V Jan 3(
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71
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105
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105
118 4 Feb 1 1304Jau 7 112
I)
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125
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Jan
89
90
124-4 126 4 123®8 1257s
Sep
Jan 7
400 80 4 Jan la 92
00
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90
Jan
Apr 102
Jau 8
90
Jan 16 94
2d pref
*00
*90
92
02
22
324 Nov
4 J’iy
2 i,6*68
25 4 Jan 31 3d4Jan 5
Rock Island Company....
26
264
26
V
27
4
60
6934 Aug
264
J’ly
018 674 Feb
64 4 J an 0
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5b 4 50
60
£58 4 58 4
l-’ei
59 4
724 Apr
450
70
Jan 11
66 4 Jan 31
68 a4 084 St. L. AS. Fr., 1st pref
67
67
51 4 Feb
404
664
J’ly
100 42
4*4Jau 5
Jan 31
Do
2d
*434
pref
44
44
44 4
20 4 May
27 4 Jan
*43 4
3,200 214 Feb 2 25-;Jan 7
24 4 24 4 St. Louis Southwestern..
234 234
24 4
4834 May 634 Sep
53 4 Jau 31 62 4 Feb 15
1,80.
>2
41
Do
554
5734
62
4
55
4
pref
61
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07
Sep
67 4
ay
122.310 00 4 Jan 3o 96'a Jail 14
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03 7e
04
05 4
120 4 j’ne
94 ®g
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118 4 Jan 14 ]16
725
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1104
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4
2
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11734
34
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24 4 Jan 31
26-4 27 4 Southern v.tar. cfs. stmped 10,65.'
264 27 -s
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864
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4,620' 31 4 Jan 31 37 4 -• mi
33 4 34 V
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33
34
121
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33 4
Jan
ID 117 4 Jau 21 123
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Avenue
(N.
Y.)...
•118
12.»
36
J.111
25
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:
$118 118
4 Dec
29
Jau
200 27 4 Feb 14
*27
-8 4 (Toledo Railways A Light
27 4 27 4
*27
254 J’ly 40 4 Jan
334
Jan
800
20
Jan
31
30 4 304 ToL St. L. A W. v. tr. otfs
314
*30
48
*20
J'ly 597b Jau
1,858 604 Jan 19 534 Jan
Do
pref. vot. tr. ctfs
514 514
514 52
62
1044 105
1044
103
00
120
104
103
Tuesday
Feb 12
Monday
gaturday
Feb 9
W
Sales o)
STOCKS
SALE PRICES
..
150
150
200
3090
Pacific Coast ou
655,5*16|
COMPANIES—BROKERS’ ^UoiATlON^
TRUST
Bid
Banks
Ask
Fifth
4200
First
14th Street^.
265
260
Fourth
340
700
225
2u5
350
Gallatin
500
Garfield
tl«44 German Am1| 150
170 i German Ex^; 435
510
Germania'I
160
160
..
Greenwich *i
I Hamilton*,1
4200 j|
week.
..
500
2 SO
Ask
505
imp <C Trad.
bob
Bid
Bunks
Interboro!].. 100
7*20
.....
212
370
525
158
......
.....
295
350
Hanover
IrvmeN. Ex.
A8k\
Metropoh’u^
3 15
M t M orrisV.
290
Mutual!
19.)
Nassau*,
510
509
1 100
Manhattan*). t 300
370
Market A Ful 260
252
242
Mechanics’
ISO
Mech & Tra*; 170
270
Mercantile.. 250
Mercii Exch. 185
l?o
Merchants’.. 1 00
Metropolis4 . 390
..
....
..
......
.
....
515
17 5
4 Less than 100 sliares.
105
240
170
Liberty
Lincoln
Bid
Bunks
150
Jetfersou^i... 200
i Ex-riglits.
cEx beneficial interest more properties.
sales were made on tins day.
Exchange or at auction this
.
New .-Cluster 2.-0
New York c'o 1200
3-0
New York..
Night A Dav 4 10
350
19th Ward”
North Amer. 3 •«)
172
Northern
~)
! Oriental'
.
-
1
*1 State banks,
h 1st ii staim’t
a
.
Ask
310
People’s!....
200
Plienix
Plaza*
Prod Exolil
Park
530
475
.
...
3 70
1 8*2
2 7a
Riverside!
Seaboard
n
.
..
State34th Si reef..
12th Ward‘
23d
Ward*
30O
250
4 10
{*•*•*
1
1 00
57u
;
..
A.
>
20 1 v
loo
1
5
110
2-0
38 0
L > 0
2*>0
37-)
718*
Second
]
|
j
o N..w iuwk.
Sold at private sale at thia once.
Ex-dividend and rights,
paid,
230
400
Pacific!
210
AS*
Bid
Bunks
175
•
376
New York Stock
UL h S—
2'uesiiay
Feb 11
100
103
Feb 12
103^
68 4
Wednesday
:
Thursday
Feb 13
104
:
1723b 174 **
*90
68
104
103
174*6 1763*
92
68
•
*90
•
6834
•
*57
*68
175 4 17034
92
69
69
10 *5
33 Hi
•
12*4
*30
18
*22 Hi
47
*164
»
30
12 Hi
32
18
24
47
34 4
*25
!
1 .Jig
32
19
•
•
•
22«b
•
546
t
17
34 4
12 7^
334
91
58
91
58
68
68H,
16
31
30
16 H
33
30
•25.
12
a-
194
22«6
40
^
12«e
9.-J4
194
4
19J*
32
*22*2
*45
234
*290
300
14s4
153e
*38
112
'24
114^
26
*85
20 Hi
211*
43
44^0
*
79
108
°b
"7
83
83
18
*32
11
♦111
'3*4
133
'92
60
*98
98
170
•
•
%
•
•
•
•
7»
•
•
16 4
•
684
614
•
•
t
98
•
170
•
•
634
•
t
99
354
984
69 4
*71
•
3534
974
53
*97
*
•
364
984
704
1064
•
•
•
•
•
•
•
*160
156
•79 4 86
8
8
♦69
60
45 4 47
*
•
•
•
t
•
•
■
«
634
61
•
■
•
•
•
•
634
•
•
614
•
106°g 1064
•
76 4
■
576 4
444
•
464
1044 1064
34
33 4
$l057t
■
106
80
30
*77
*26
87 Hi
•
•
874
5105
*106
*275
89
305
*275
*107
182
♦150
*167
•
33 4
•
103
89 4
83 4
•
89 4
305
Industrial & Miscell
5290
295
*285
300
A dams
Express
154 154
144 144 Tjl llis-Chalmers
37 4 38 4
384
*36
38
Do
■
83 4
156
182
Waflh. H’htsT 225
West Side*'.. 600
Yorkville',1
..
400
......
......
Brooklynt
..
115
140
120
150
f Bui and asked
prices;
♦Sale at Stock
Exchange
29 4 Feb
33
Jan
64
J aD
1,800
1,100
.
......
......
.
'
Rid
Ask
Trust Cos.
N. Y.
COMPANIES—BROKERS’ QUOTATIONS
Rid
Manufactrs’.
390
160
400
Mechanics^.
1325
Bankll
Bowl’gGreeu
410
Broad wayTr.
Carneirie.
......
......
165
J30
230
sales on this
(lay. $
or at auction this week.
440
157
225
2100
410
*J45
Emmre
145
310
330
Equitable Tr -125
Farm lay cte Ti 1320
Ivcss thau 100 shares.
0
570
450
162
210
Central Tr’st 2025
Colounil
400
Columbia.... 235
Commercial. 210
..
Coiinnonw’tli
......
Ask
CITY
Bankers’ Tr. 540
no
Maj
Oct
Muj
J’ly
52ce Feb
219, Feb
484 Feb
EnameimgAStauip’g
250
Nat City
305
North SideLi. 390
Prospect Pkf 160
Terminal
125
Unions
215
170
Dec
A pr
.....
BROOKLYN
Nassau
BROOKLYN
Borongli^....
Broadway*..
Hanks
First
Home
425
44't J an 29
30
16
36
2 l 4
23
44
634 Jail 7
3734 Jail 5
2134 Jan 10
254 Jan 12
514 J an 7
Dec
76 2250 Jan 9
3295 Feb 14 $24 0 .T’ne '<300
Aug
13 4 Jan ’1
L678Jan 5 16 J’ly ,27;|e J an
pref
11*41154 1134 1154 1134
344
■
Jan
3
1164
4o
4334Jau 3
*24
25
67
J
Sep
*24
an
26
*24
247t Amer Agricult Chemical. 291,160 1104 Feb 2 1214 Jan 5 923s J'ly 1184 Feb
*87
102
*94
102
*94
102
224
Feb 4 254 Jan 8
Do
20
214 214
J’ly 34 4 J an
pref.
204 204 *19 4 21
*
*
Amer Beet
90
Dei 102
79
*
Jan
Sugar
79
2,706 18 4 Feb 2 23
79
Do pref
4
Jan
7
20 4 M av 35
44
Jan
444
434 444
80
Jan
21
434'.
45
80
Jan 21
82
American
108
Oct
103
Car
<fo
89
*101
4<-an
103 4 5 103°8
Foundry 17,100 414 J an 30 454 Jan 14
103s8
Do pref
329,
47
304 30*8
J’ly
4
Jan
304 304
310 100 4-'an 2 lo3
30 4 304
Jan 12
98
American Cotton Oil
*88
92 4 *88
92 4
1,100 29 4 Jan 19 324Jan 7 28 4 J’ly 105 «J an
*88
924
Do pref
3235
May 444 Jan
235
5230 230
*225
90
Jan
21
235
90
Jail 21
90
American Express
*7
Dee
95
74
-7
Jau
8
90 §230 Feb 14 247
*7
8
Jan 5 2l5
American
•5
272
Grass
*5 4
54
Apr
Twine..
5 4
Aug
5 4
0
4
Jan
31
54 Amer Hide & Leather....
84 Jail 11
7 78 M ay
29
29
*27
114
Jau
28
150
5 4 Jan 30
*27
28
De pref
tH Jan 16
5 4 Nov
83
83
10
83
Jan
83
100
82 4 82 4
24 4 Jan 30 304 Jan 7
24
American Ice Securities.
Nov 43
*164 18
.Jan
*164 18
17
1,148 80 Feb 9 88 Jan 2
17
American Linseed
*32
^5^4 J
36
*32
9170 Sep
36
200
*32
16
Jan
2
36
19 4 Jan 16
Do pref
164
Dee
71*4 75
294 Jan
73*4 754
74 4 754
334 Jan 31 36 Jan 7
35
American Ajocomotive...
Dee
53 78 Jan
112
5112
5112
112
*111
41,450 70 Jan 30 754 Feb 15
112
Do pref
534
78 4 Jan
*34
3 4
May
3 4
3 4
35
*3 4
109 4 Jan 2 111 4 Jan 21 108
3 4 Amer. Malt.
4 Dee 1204 Jan
ctfs. of dop...
234 234 *234 24
100
3 4 Fe b 11
*234 24
.3 4 Feb 14
*
Do pref. ctfs. of
4
J’ne
6 *>. Apr
924 *
92 4
dep
233s Feb 13 25 4 J an 3
Amer
25
Jan
Smelters
146
Sec
1444
144
297a Apr
pref B
144 Ha L453e Amer.
92
I455e
Jan 22 934 Jan 7
92 4 Dec
114 -j !1434
i 14
Smolt’g
<fc
Keiin’ir. 51,175 13934 Feb 1 x155
1014 Jan
115
U4
114
Jan 7 13S 4 May 174
Do pref
*190
240
*190
Jan
240
1,050 112'a Feb 1 11738
*190
240
112
7
Jan
•*96
American Snuft
Dec 130
100
Jan
*95
1U0
*90
i97 4 Jan 11 205
l<>0
Jan
Do
18
200
prof
J’ly 220 Jan
9*4
94
94
25
934
*94 10
100
American Steel Fonndr’s.
Dec 107
44
44
Jan
*43 4 45
206
*48 Hi 44
834 Jan 31 lo34Jau 5
U ^4 JSm / \
Do pre!
186
137 4 1344 1364 134
154 Jan
1,000 414 Jan 3 i 47
136
40
4 J an 7
American Sugar
130
131
May
130 Ha 130 4
534
Jan
Refining 64,805 129 st Jail 30 137 4 Feb 13
13041304
Do pref
1284128 4 *127 4 130
,127 4 May 157 Jan
925 1294 Feb 7 13L
*128
130
Jan 2 :12S 4 Dec 140 '
Amer. Telepli. «fc
964 96 4 596
Jan
96 4
Teleg...
272 128
Jan 31 133
OO^ 96ce Amer. Tobac.
Jaoi 4 130
32
32 4 32 4
J’ly 1444 Jan
324
(new), pref.
966 954 Feb 5
324 32 4 American Woolen
98h Jan 5
96
109
,5994 994 *100 1004 100‘4
J’ly
Jan
1,2 00 304 Feb 1 36 4 Jan 7
Do pret
28
Nov 48
2964 300 4 292 298 4 2924 100H;
Jan
574 99 4 Jan 31
3024 Anaconda Copper
1024
*110
Jan
5 101
110
120
J’ly
i 19
4
Jan
1214 *115
504,910 269 Feb 1 302 4 Feb 15 223
125
2
1 »rooklyn Union
*14
4 May 300
Gas
Feb
144 *14
343 110
1134 *134 144
0
Jan 3 1214 Feb
!10a Hi Nov 178
L>runsw. Dock* C.ImpM
*44
53
*44
Jan
CO
0
2u0 14
*40
Jan 31
50
14 4 Jan 4! 134 J
Bnttenck
38
Co
JH
39 4
38
hy 2i34 Apr
39=4
38 4 40
49
Jan 4
/ lentrai
49
Leather
1014102
3j 4 > A pi 70 May
*101 4102
17*560 344 Jan 19 40 4 Jail
102
102
Do
1‘ebiol
49 4 50 4
Deo
339,
49 4 Jan
prof
49
4
Ul
504
656 93
49
Jan 31 10*2
50 4 Colorado Fuel
Feb
*81
95
A Iron....
*81
8j 98-H Bee 1074 .fan
96
21,195 46
*81
Feb 2 57h Jan 8,
95
Do
40
pref
4 May 83 \ Jan
244 26
W
244 25
*24
85
Jan 3o Si
26
CoL «& Hock.Coal
85
lv*
*133
J’ne 1124 Jan
►H
13o
136
140
**82*6 24 Feb 1 28 'v'iuu
1374140 Consolidated Gas A Iron.
Jan 7
17
23
to
May 30 *4 Not
23
233b
(N. Y.).
4 23 4
7.736
133
23
Jan
36
140
Feb 14 120°8 Apr
2338 Corn Products Refg
Hi
874 «74
87 4 87°b
LSI3, .Jan
3/230
2214Jan
874
2
874
Do
243, Jan 22
ft
184 J’ly 28 A.pr
prel
76*4 78
704 777e
77
1,117 S234 Jan 2 88
774
Distillers
74
C
Jan2S!
hi May
Securlt’s Corp. 15,812 X59 4
*154
170
854 Apr
*154
Jan 30 78
170
Feb 13
Federal Mining &
51
Jan
94
7 s 3a Sep
D
95
94 4 944
Smelt’g
100 160
95
Jan lb 163
i‘54
Jan 16 138
Do
Jan
160 4 tOl 4
k{
199
pref
160
Jan
i6034 1594 1594 General
975 92
Jan 31
97
Jan i 4
91
149 Ha 162
1 l27g Jan
Electric
150
150
5,000 155 4 Jan i 1 163 Jan 22i'5Cl5t3 J’ly
1494 160 Granby Cons MSA
17
Dec 18 i
17
P
174
Oct
2.965 12814 Feb 1 152
174
174 174 J ntoruationul
FeblhU
804 804
Paper
8034 80 7e 560', 81
4,860 15
Feb 1
i
Do
is4
Jan
Vi
10-j Sep
26 4 Jan
46*» 46 4 *46
pret
49
*46
1,77b 7934 Jan 31 81
49
Feb 11
80
36
International Power
tax
90
36**
35
Jan
36
35
250 46 4 Feb 13
36
Internat
15
48
504
Jan
Steam
r95
sep
797a 79 4 *78
Jan
80
Pump....
*7l
2,210
334
Feb
4
80
41
Jan 7) 28
Bo prei
-4 L
Jau
60
c3
May
220
78 4 Jan 19 81
Jan 141
79
Jau
92
743s 7434
73 4 74 4
100 4»>
May
73 4 734 iCaickerbocsor Ice( Chic)
Jan 23 69 4 Jan 4! 54
69 7a 70
M.iCkay Companies
J ’ly
84 4 Sep
78
69 78 7o
3,700
71
Jan 30 754 Jan 241
634 704
Do prM
84
84 4
84
86
84 4 844
6,Ol5 69 Jan 31 7L Jail 241
VTational Jiiseiui
*ln
1184 *
117 4
3,650
77
Jan
1144
4
86 4 Jan 15! 62
Bo
1144
14
15
79 4 Bee
pref
May
15 4
100 1113* Feo 15 LI
153s
15
15 >4 Nat
64 Jan 8 113-0 Jau 118 4 oct
*86 4 89
*86
89
1 3 4 Jan 21
87
2,300
87
Bo
154 Jan 5
12
73
pret
May J 8 4 J an
744
72 4 74 4
100 81 4 Jan 3 87
727e 73 4 National Lead
Feb 15
82
102
102
Sep
SS 4 Mar
102
102
10,620 65
Feb 1
lOL^v
Bo
66
10178
764
Jan
7
138
138 7b
pref
May 95 v, Jan
131
13734 138 4 1384 New York Air
2,235 lol *'h Feb ’.5 103 Jan 5
1004
Fue
8334 84 4
Brake
83 7b 83 7b
1064 Jan
3,500 rl33 Jan 30 1414Jan
♦81
84
North American
7 133
354 36
J’ly 1634 Jan
34 4 35
Co., now
2,190 804 Jan 31 894 Jan
33 4 34
b7 4 Nov 107
97
4
97 ce
pacific
Mail
j an
9ii34 97 4 Z95 4 96
1,500 32r Feo 1 41 Hi Jan
1 eop. Gas-L.&
5
C. (Chio.)
2^4 J ’ne 514 Jan
IS7* 1578 *15 4 16 4
6,02 6 94‘4 Jan lo
15 4 15-4
98^Jan
88
4
68
58 4
103
Pittsburgh Coal Co
40u
684 584
58
68
10;V Jan 19 167a Jan 15 13 4 J’iy IS Jan
Bo
6 i 4 63
pref
May
4 Nov
514 63
900 60
J an /$ i
62
624
Pressed Steel Car
50
604Jhii
4
>;8
98 4 *98
62 4 j an
J’iy
98 4
10,036 4 7
*98
Jan 31
98 4
67
Jan 1"
Bo pref
43
64
May
17141714 171 171
H Jan
465 98
Jan 19
517141714 Pullman Company
997ft .Tan 2<i 05 .May 105 Feb
634 544
53
372 168 4 feo 1
5334
53 4 54
1814Jan
180
8
Deo
99 4 99 4
27 0
paliway Steel Spring...
*98
Nov
99^
99 4 99 4 TV
4,210 50 4 Feb 4 57 4 Janlo 41
Do
36
pref
May 624 Jan
364
35 4 367e,
276 97 4 Feb 2 99
364 364 liopublic Iron A
Hi Feb 15
107
07:,4
J
984 984
’ly
Steel...
Jan
98 4 984
13.776 324 Feb 1 41
99
93
J an 7
Do pret
22 4 May
71
72
Tl4 Deo
704 72
2,900 9534 Feb 4 100
7l4 714
*
.Jan 7
91
St.
^loss-Sliellield
A
May
*
Irou
1064 ♦
llo4
Jan
1064
3,8/0 08 Feb 4 77Jt J an 7 08 4
106 4 O Do pref
*1&0
155
J’ly 97 4 Jan
*150
156
103
Feb 6 $107 Jan 11 10 i
Tenn. Coal, Iron A
Oct 113
824 62 4 *82
RR...
85
150
Apr
*82
Feb 7 162
85
Jan 4 129 ’ Jan
Texas
Pacific
Land
7*4
Trust
f 166 Nov
74
206
74
74
80
7
Jan 29
I T mon
85
7
.Jan 17
60
*69
88
Bag
*
61
May
69
Paper
69
Oct
1,050
1
68
Ja all
58
U Do prof
•8 4 Jan 16
5 4 sep
15 4 Jan
474 473s *46
47 3e
380 5 b
46
Jan 21 61
♦
Jan
474 U. S. Cast I. Pipe A Foun.
7
52
On
84
87*4 ♦
Jan
86'« 584
1,573 ri5 4 Feb 8 49 4 Jail 5 43
84
Do pref
*102
4 M ay 53
115
Jan
*103
115
12..
83 4 Jan 3
*103
115
89
Jan 15
United States Express...
83
*78
81
82 4 83
80
4105 Feb 11 $117 Jan 9 109 s,* Dec 964 Jan
84 4 U S
*25
30
Realty*
J
38
May
Imptove’m
27
4 J an
27
7/
*25
2,80*
Jail 31
28
U S Reduction A
90 hi Jan 4
75
*63
67
Aug 94 4 J an
*63
65
Ketiu’g
100
*63
26
Feb 2
68
Do
30*4 Jan 28
24
M ai
prer
5614 514
404 j’ne
106
614 6 17p
60
Jan 2 1
514 62 V United States
68
Jan 7
Go
1067a 1074 107 4 107 \
Rubber....
6,330 4 7 4 Fe b 2 5 2 38 Feb 15 38 Mai 81 Jne
Do
10741074
1st pref
J’ly
764 764
094
oct
764 764
x
2,136 104 Jan 1 - 1094 Jan 71
76 4 77
Do
2d pref
riot4 J’ly c 115 Jan
45*4 46 <n
453s 464
1,310 7^
Feb 5
454 464 United States Steel
75
784Jan
71
M u v r87 4 Jan
106
10530 1044 1054 1044 14)5 4
260,143 4234 Jan 31 50;4 .1 an
Do pref
7; 324 J’ly
34
oO
35
34 4 344
344 354 Virginia-Carolina Chem.. 28.770 104 Jan 3 10/4 Jan 71 984 J’ly 113 4 oct
108
108
*107
4 ,Jan
108
2,500 32
103
Feb 1
108
Do
394 J an 7 31 J’ly 58 J an
•86
pref
89
*86
90
250 165
88
.Tan 30 108
88
Jan
9
104
Virginia’ Iron Coal & C..
*273
305
J’ly 117 4 Jan
*275
305
100 77
*275
Jan 2 97
305
Jan 22
38
83
Mav
93
W/ ells Fargo & Co
Dec
834 582 4 824 *824
2sJ
Jan 26 $290 Jan 26 233
834 »T eat’n Union
*150
Mar 305
158
*150
Oct
Tele’gpli
168
729 82
*160
Feb 8 8a
158
JaD 10 283*4 Dec
*167
182
*167
914 Jan
182
*167
148*4 Jan 17 151 Jan 2 148
182
1 VVest’gh’seEl&Mfgassen
Do
1st pref
J an
Aug 170
162
Nov) 188 Jan
BANKS
AND TRUST
Banks
Rid
A 8k
Union ExoliTl 245
255
U S
Excha’ei 1224 1324^
235
7
3
18
14j
84
61
285
prer
364 Dec
5
E
74 4
97
*15 4
*60
Do
7
99 4 Jan
98
Jan
93 4 Jan
87 4 J an
26 4 Jan
•
797*
84
34 4
47
2,866
1,406
1,006
18 4 Jan
384Jan
304 Jan
ai
Apr
Apr
844 Apr
•
*
*30
Bake Erie...
1st pref
2d pref
Feb 14
Jan 3*
Jan 29
Feu 13
Feb 6
Jan 22
Jan 29
4 M
50
55
e
807e
4634
35 7e
137
Wheeling <fc
16
31
25
12 4
30
17 4
22 4
714 Jan
1384 Maj los3*, Sep
91
•
0934 70
834 844
*117
11834
1334 14 Hi
*85 4 8b Hi
787b 714
10178 102
137
1,4 06
3,77*
Western Maryland
Jan
Jan
Jan
6
7
7
7
94
62
153b
•
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84
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pref
Do
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Feb b
Jan 31
Feb 4
•
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26
74
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Bo
1,421
90
53
64
•
-u
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48
pref
United Rysof St Lou.
224 Wisconsin Central..
547
lot
551
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102
Dfcc 122 4 Jan
$ i 50 Oct $150 < ict
•
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357b
*18
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7
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10l
148
149
17
17
23
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•
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13
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1
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136
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90
96
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loo
100
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•
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pref
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•
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102
[VOL. LXXXTV.
the
300
15*8
374
39 Hi
-24
-290
•
1034104H Twin City Rapid Transit
224
48
•
EXCHANGE
Fib 15
1033
Sales
NEW YORK STOCK
Friday
Feo 14
•
1 0 *8
33 Ht
*26
Record—Concluded—Page 2
lowest SALE PRICES
STOCKS
Monday
Feb 9
*103
tllGH Eti T and
Ex stock
dividend.
Trust Co’s
Rid
Fifth Ave Tr
Fulton
310
Guaranty Tr 480
Guardian Tr 225
Hudson
Knick ’rb’k’r
*1150
Law T I &Tr 270
Lincoln Tr... 1390
Manhattan
170
490
Mercantile
<50
Metropolitan 535 595
MortoiiTrust 725
Mutual
120
130
..
4 10
1335
t
3
Ask
555
330
515
235
105
1460
280
Kx-rigkts.
..
....
Trust Co’s Rid Ask
MuLAlliance 205 215
N Y
LiteJfcTr 10UO
New York Tr 725
400
425
TitloGu A Tr 1572
Tr Co of Am. 7 75
790
U mon Trust
1325 1350
US MtgATr 470
480
Unit States
1275
Van N’donTr 290
310
StandardTr’t
......
.
Washington
Windsor
409
200
215
b New stock,
c Kx-<lividenil
and rights.
Trust Go. certificates.
*i Banks marked with a
Trust Co’s
Bid
BKOOKI.rN
Brooklyn Tr 440
Ask
460
150
160
270
315
325
Hamilton.... 330 350
Home
160
175
JenkiDs
200
205
Knigs Co.... 450
L I s l 1a & Tr. 315
330
Nassau
270
280
People’s
1315
Williamsb’g. 2‘20 230
Citizens’
Fiatbnsh
Franklin
paragraph (fi)
are
....
....
State banks.
New York Stock
Exchange—Bond Record, Friday, Weekly and Yearly
OCCUPYING
FOUR
»*a«;ks
<41
MO MIS
N. V.
STOCK EXCHANGE
WEEK EWTllXO FEB
Week’s
Range or
Last Sale
Price
FYiday
Feb 15
in
Bid
l>.
(•ovenimciu
105*8
U B 2s consol registered.dl930 Q-J
11)5*4
US 2s consol coupon....dl93o QJ
U S 3d registered
/cl91b Q-F 1U2=4
1U234
U S 3s coupon
£1918
U S 3s reg small bonds.. fcl9l8 s»
102*4
U S 3s cou small bonds../cl91h Q-F
U S 4s registered
hl907 Q-J 1014
lol*v
TJ y 4s coupon
A1907 Q-J
U S 4s registered
1925 ti-F 129
XJ S 4s coupon
1925 Q-F 129
US Pan Can 10-30 yr 2s.fcl93-‘ Q N 104*4
109*2
phtlit iuno islands 4s.1914-34 v p
Pub wks ai;d imp re r 4s 1935 Q-S
Pub wks and imp reg...1936 Q-F
i
January J
<
>
Ac
Loio
Hum
105 V
105a*
...
....
....
i
I00781007f
10078 100 >
129
129*8
129*4 129 *2
CentVennont 1st gu
State Securities
99*4
99 *e
91°8
90*2
84*4
f 103*2
i 99Q
93*4
J-D
VI 4esc a
A-O
A-O
Sale
Sale
Sale
9.«?4
98*8
Sale
90
91*6
Sale
84*4
Sale 103*2
99*i 99
Sale
93*4
re
J-J
F-A
J-J *100 **102
J-J
126
4-0
J-J
’95*
J-J
J-J
Virginia fund debt 2-3S...1991 J-J
20
Sale
Gs deferred Brown Bros ctfs.
90
57
82*4
21
6*9
lOl*^
OG^
93*2
asU
of $6
.
pr
Alabama curr fund 4s ....1920
Dist of Columbia 3*65s....l924
Louisiana new consol 4s..1914
North Carolina consol 48.1910
Os
1919
So Carolina 4 *2« 20-40
1933
Tenn new settlement 3s..1913
Small
96*4
967e
91^
L 93
.'36
103
99»4
99*2
94*k
92 7P
85*4
10 3 **4
99
94
to £.
111
101
122
•
.
120
95*4
19
*95
9534
9534
10
20
20
'
20
95J4
Railroad
Alabama
Cent
beeCoast
So ByBine
laba Mull
bee At
bee Del A Huu
Valley See Penn KK
bee Bull K A P
Alleg A West
Aim Arbor lstg 4s
41995 Q-J
Albany & Susa
Allegheny
AtCli X& S Fe—Geu g 4s. 1995
Registered
1995
Conv g 4s..
'
1955
Warrants for 50-yr conv 4s.
Adjustment p 4s
al995
41995
41995
Registered
Stamped.;
Debentures 4s Series E.190
[90S
Series F
Series G
i 901
Series H
1910
Series 1
1911
1913
Series K
East Okla Div 1st g 4s.. 1928
Atl Knox A N bee L So N
Atlantic Coast 1st g 4s.41952
Charles So Sav 1st g 7s.. 1930
8a v F Sc W 1st gold Os.. 1934
1st gold 5s
1934
Ala Mid 1st gugold 5s ..1928
Bruns A W 1st gu g 4s ..1938
\-o
A-O
J-l)
Nov
N ov
M-N
P-A
F-A
F-A
FA
FA
FA
(VI- S
M-S
J-J
A-O
A-O
M-N
J-J
LAN coll g 4s
ol952 M-N
Sil Sp Oca A G gu g 4s ..1918 J-J
Atlantic A Danv bee South Ry
Austin Sc N W Ace Sou Pacilic
J-J
BaltRSce.gistered
Ohio prior lg3*^8.1925
41925
Gold 4s
(j-J
41948 A-O
41948 Q-J
Registered
P J un Sc M Di v 1st g 3 *2*1925 M-N
PLii<fc W Va Sys ref 4sl941 M-N
Southw L)iv 1st g 3*28... 1925 J-J
41925
Registered
Mouon Riv 1st gu g 5s..1919
Ceil Uhio R 1st Cg4*as..l930
Pitts Clev Sc Tol 1st g Os 1922
Pitts A West let g 4s...1917
Bat Creek Sc S bee .Mich Cent
Beech Creek bee N V C A H
Bellev Sc Car bee Illinois Cent
Bklyu So Moutauk bee Long i
Bruns A West bee Atl Coast L
Bultaio N Y & Erie bee Erie
Bullalo RAP geu g 5s...1937
All A West lstg 4s gu.. 1998
Cl A Mall 1st gu g 5s.... 1943
Roch A Pitts 1st g Os...1921
Consol 1st g Os
1922
Budalo A Southwest bee Erie
Bull A Susq 1st ref g 4s.dl951
Bur C R A N
bee C K I A P
Lianada
1*20 5s South 1st 5s
Registered....
100*8
104 *8 Sale
9i34
*9*1 7a
98 *8
95*4
95*«
98
Sale
95
!
91 °8
....
n
92 7b
i*
9 L
92 >
....
97
9b1
....
94
....
Sale
88
9S1
98
97*2
112
93
89
Sale
88 *2
1'
89,
94*8
93*4 Sale
10 la4 sale
loo
95*a 90*2
9o*4 Sale
M-S
A-O
J-J
F-A
J -D
US3*
102*>4
J-J
94*2
93
95
01
*8
93*
J’ne’Ol
16
lUl3,
129
Feb’o
01
90
Jan’o';
95**8 Feb’o;
90*4
90*1
Oct ’Ol
89
*
2*9
119^8 122 *2
124
....
93Q
101*4
i 02 •*»
1
u578 105
bale
Registered
10134
95
Sale
90
76
64
95
110
113
90
°h2
105
Nov’06
....
*17
110
100
—
109*2 111
Registered
....
90
90
73*2
75-7e
63*2
65
107*2
107*2
109*2
i
iHlSGELLAKEOlJy
1945 A-O
4s....2002 J-J
BkCity 1st 0011 os.1916.1941 J-J
Bk Q Co A S con gu g 5s. 1941 M-N
Eklyn Uu El lst g 4-5S.1950 F-A
Stamped auar 4-5s
1950 F-A
Kings Co EL lst g 4s
1949 F-A
Stamped guar 4s
1949 F-A
Nassau Elec gn g 4s ....1951 J-J
ConuKyA L 1st A ref g4 *28’51 J-J
Stamped iruar 4*2S
1951 J-J
Den Con Tr Co 1st tr 5s...1933 A-O
Det United 1st con g 4*28.1932 J-J
Havana Elec consol g 5s. 1952 F-A
Inter-Met coll 4*28
1956 A-O
Internat Trac coll tr 4s..1949 J-J
Louis Ky Co 1st cou sr 5s.. 1930 J-J
Manila Elec 1st A coll 5s. 1953 M-S
•No
tr
107
115*2 115
105 *4 Sale
104*2
i()2 Hi
104
112
17
107
115*-.
J’ne’OG
13
105*4
31
104
1
S978
89*2
103
107
115
10334
105 a4
107
116
Mav’OO
Feb’06
99*2
lOOE
97 *2 Dec ’06
12
99 *2 100 *2
92
90
*8934
loi b8 isale
101^
105
1 lOQ
92
Sep ’06
1013.
100*2
Jan ’lb.
100*2 Feb’o?
iol78
10l3a Feb’07
100*2
101 *4 Dec’06
100
J ’ly ’06
103
103
102*2
lu87b Jau ’07
93
92
oct
3
79
b
7334
b
3*
99
9 L
100*2
92 *2
100
102*4
lot)
100*2
”9
124*2
102
105
102*2 103
10S7e 109
’06
I007e 101*2
11*6*2 ii*7*4
iYYj ii*3*4
Feb’07
120
Ill’s Jan ’07
Sep ’06
106*4 Feb’07
111 *2 Sale
lu6’34 108
123 7e
107 *t>
101 *2
11238 Jan’07
108
Apr’0(3
1 1 1 *2
1 l 1 *v
i
104 *2 06
too
107
109Q
10 1 a4
104 *2
106Hs Apr’05
105^ Feb’O?
10o**4
110 Hi
1 06=4
104
12
1067b
J 00
>
10*2
10138
101
Feb’07
1909
101 ‘8
101
Sep’06
1921
lu4
104
Io678 ioG7®
1104 1 U*e
l
l97e 121
102
104
102
104
97**4
98
100*4 101°s
11)7
lu7
i*02 \ 102^
l0238
102'*h Feb’07
102*2
122*2
102 8* Dec ’OG
122 *2
122
11G *2 Oct ’06
114
127
122*2 122**4
142*2 Feb’02
12b *2 Feb’06
l‘J478
100
109
sep’03
1
Jau ’07
1165s
1 IS-'s Nov’lbi
115-8
100*4 Sale L00*8
100*4
100 *8 10.j:*4 Sej) ’06
9 1
91
sale
-1^
97
94 '•>*
J’ty’iU
92 *2 Nov’OG
13*s
9i
90*4 Jail ’07
93
90
90
9034 Feb’07
90
May’04
7 5 “s
7 6 ‘b
Sale
79
90**4 sale
120
1934
90*4
1 lG:!h 116 *2
8
■fo¬
99 -H
91
100*2
* * *o"i**4
90'
90*2
jMkv’iM
90 *2
117
305:V
104
113 *2 114**4
M
76
14
1U
107
Jan’Oi
108*4 Jan 04
103
1910
13
104
115 °e 114 >2 Feb’07
Feb’06
114*2 117
1U5 Q Dee’05
VI
M
VI
1114
lio
10G*4 Nov’OG
107 *2 J’ne’OG
106H,
M
F
M
92 *8
■"i
Jan ’o7
Oct ’06
120*4 120*2 120*2
120*..
102
Jan’07
100*4
Feb 07
104
99*4
96*2 9734 Jau M7
96
Nov’06
Oct ’OG
111“ iYr
11
14
110
*2 Fcb’od
'
90 ‘u
*4
110
J’no’06
137 *2 J ’ly ’99
110
Oct ’06
106
Aug’04
182 *2 Apr ’06
111
Nov’06
110 *2 Sale
120
! 11 i 7b 111 7h
106*o Feb’07
107*2 104 *2 Oct ’06
91 *8
91
Feb ’07
110*4
115*4 Oct ’05
112=4
104'u
768b
1013fl102
_
l007e Jan ’07
120
80
9o34
90j4
74 *2
*7*7 *
Dec’05
*8*8 **j **9*i”
91
117
Jan'07
120 Hi Mar’03
107
i 1 l
Nov’05
102
109
Nov’OG
108*2 110
111
117
117
May 06
lOO^s Nov’06
Next Page-
Street
107
Sale
89*4 Sale
103*4 Sale
104
*7*4
82*2
Sal*1
89
84
103
106*2
88*2
103*4
100
104
Lio
87
......
.
Oct ’06
104
Feb’96
Feb’07
_
82
Feb’07
.
.
^
T
.
-
4>
....
.
..
.
103=4 Nov’06
9 L
81
107
105
107
89*2 120 87*2 92 3b
103*4
;o234 103*4
88*2 Jan ’07
104
9»
price Friday; latest price this week.
on
10334 Jan ’07
107
1 06 *«
101
CRIF A NW 1st gu os.1921
M A St L 1st gu is 7s.. 1927
Choc Ok A G geu g 5s .01919
Consol gold 5s
1952
Keok A J)* s M 1st os.... 1923
hie sl&XO
bee Ill Cent
BO>D'**—Continued
99 J4 100*2
100
.100
89 7t
103*4 104
91
1917
1988
1988
1934
..
124*2 123*2
110*2 11 1
132
Oct MG
131**
116*2117 =4 116*2
116S,
118*2 Feb’06
113 *a
113*2 Feb’07
1912
M ^s
1915
N 4s
1916
O 4s
1917
P 4s
1918
Chic R. 1 A Pac RR 4s..2002
Registered
2002
CoLl trust gold 5s
1913
Bur (Jed R A NorthernCon 1st A col tr g 5s... 1934
*v
93
115*
115
91
Coll trust Senesli 4s
J 4s
10C34
104*2 105
89*2
115
l0l7e
J
Registered
General gold 4s
Regis tered
Refunding g 4s
14
Jau’07
1909
North Illinois 1st 6s
1910
Ott C F A St Paul 1st 5s 1909
Winona A St Pet 2d 7s..1907
Mil L S A West 1st gOs 1921
Ext A Imp s fund g5s 1929
Ashland Div 1st g 6s..1925
Midi Div lstg6s
1924
Incomes
1911
94
100
1087a
1921 A
1933 VI
1933 VI
Sinking turn! debus
Registered
i:oo*8
104*2
103
1879-1929
Registered
9U38 Feb’07
100**. Jan ’07
92
Sinking land 5s...1879-1929
122*2 122*2
100*2 Sale
1879-1929
J
Low H iq/i
106 *2 10S
125
126*4
0
113*4 Feb’05
9934 Feb’06
78*2 79*2 7934
* 80
73
74*4
74*2
80 *4 Mnv*(>5
99
99
100
99*n
Sinking fund 6s...1879-1929
Registered
Since
107
pl987
Registered
125*2
111
10034
99*2 Sale
92*2
1886-1926
1987
Registered
LOO
101*2,
89 *2 90
95
96
89*2 9 O H
-Street
1st refund conv
Registered
General gold 3 *2.3
Debenture 5s
124
9278
92
1 18*2 118*2
102
103*2
103
117
110
89H.
19*2 Mai’IP
Oct ’Ol
96
110
105
! 88
A
....
126
100
116
1947
Debtuiture 5s
1057g Feb’o'
109
Apr’Oi
100*4
1945 M-N
1st pref income g 5s....pl945 Oct
2d pret income g 5a....pl945 Oct
3d pret income g 5s....pl945 Oct
ItaiUvny
Brooklyn Rap Tr g 5s
9S7p
JJiuh
Jan’07
Ask Loto
90
Louisv N A A Ch 1st 68.1910
luc Mil A St P term g 5s 1914
General g 4s senes A..<1989
Re gistered
<1989
General g 3*28 senes B.<19.89
A
L
Chic
Su Div g5s
1921
Chic A Mo Riv Div 5s...1926
Chic A Pac Div 6s
1910
Chic A P W lstg 5s
1921
Dak A Gt So g 5s
1916
Far A Son assn g 6s
1924
Hast A D Div 1st 7s
1910
1st 5s
1910
1 A D Exten 1st 7s
1908
Lacrosse A D 1st 5s
1919
Mineral Point Div 5s. ...1910
So Minn Div 1st 6s
1910
Southwest Div 1st 6s....1009
Wis A Mum Div g 5s....1921
Mil A No 1st M L 6s....1910
1st consol 6s
1913
ic A Nortliwcons7s.... 1915
Extension 4s
1886-1926
-
-
917i
90*2
Refunding gold5s
114*8
110
J-l)
J-J
J-J
J-J
6
-
....
Registered
Cliatt Div pur mon g 48.1951
Mac & Nor Div 1st g 5s. 1940
Mid Ga A Atl Div os....1947
Mobile Div lstg 5s
1940
.
U43< <
91*2
J-J
ivl-S
101*4
101
104
i:29*s :::.*::
M-S
A-O
Carb A Shawn bee IL1 Cent
Carolina Cent bee Seab Air L
Carthage A Ad bee N Y C A 11
Ceil R la F A N
bee B C R A N
Ceil Branch U P 1st g4s,.. 1948 J-D
Cen Branch Ry A«MoPac
Cent of Ga RR 1st g 58..pl945 F-A
Consol gold 5s
1945 M-N
6
90 ** 91
i 31 10 L
102*2
101
10i.34
682 102
108*4
95**
102
1908
91
90*8
Sale
94
92
n
J-J
1913 ,VI- S
1913
91
Sale
101 *2 Sale
Range
January 1
94s.<lo20 Q-F
ChasAsav bee Atl Coast Line
Clies A Ohio g 6s ser A..ft 1908 A-O
al911 A-O
Gold 6s
1st consol g 5s
1939 ■VI-N
Registered
1939 M-N
General gold 4*28
1992 VI-S
Registered
1992 .VI-s
Craig Valley 1st g 5a....1940 J-J
R A A Div 1st con g4s..l939 J-J
2d consol g4s
1989 J-J
Warm Spr Val lstg5s.. 1941 VI-8
Greenbrier Ry 1st gu g 4s ’40 M-N
Chic A Alt RR ref g 3s...1949 A-O
Railway 1st lien 3H»s...l950 J-J
Registered
1950 J-J
Chic Burl A Q— Denv D 4s 1922 F-A
Illinois Div3*2S
1949 J-J
1949 J-J
Registered
1949 J-J
Gold 4s
Iowa Div sink fund 5s. .1919 A-O
Sinking fund 4s
1919 A-O
Nebraska Extension 48.1927 M-N
Registered
1927 M-N
Southwestern Div 4s....1921 M-S
Joint bonds See Great Nortli
1913
Debenture 5s
Han A St Jos consol 6s..1911
Chic A E 111 ref A impg 4s 1955
1907
1st s f cur 6s
1st consol g 6s
1934
General consol 1st 5s....1937
Re gis t er ed
1937
Clue A ind C Ry 1st 5s.1936
bee Erie
ref 6s...1947
Foreign (Government
Japanese Govt 6s sterl’g.1911
1911
2d series Os
£ loan 4 His ctis full pd.1925
2d senes 4 Hzs ctfs full paid.
£ loan 4s ctfs full paid.. 1931
Repub of Cuba 5s exten debt ..
U s nt Mexico s l g 5s of 1899
Gold 4s of 1904
1954
2^.
c
1
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_
102*2
Con ext guar 4*28....</1910 Q-M
N Y A Long Br gen g 4s 1941 \I-S
Cent Pacitic
bee So Pacific Co
....
62
Week’s
Range or
Last sale
12534 Sale l‘.’5:*4
12 5 *s 12 5 **i 125*2
111*8 U1J4 110*8
A19S7 Q-J
Am Dock A Imp gu 5s..1921 J-J
Le A Hud R gen gugos 1920 J-J
....
111
Price
f'ri'lav
Feb 15
lus
Leh A Wilks B Coal 5s..1912 M-N
13o
130
...
^
•j;'*'
£
Registered
102 **8 103 *s
105 *<.
r
Uia
J
1007b Jan’O',
100*8 J**1* ’0*
102
102
•v,
Jen RR A Bof Ga col g 5s 1937 •VI-X
;ent ol N J cen’1 gold 5s.1987 J-J
J'
107
104 *2 Oct ’0
....
c
N. Y. STOCK EXCHANGE
Week Endino Feb 15
Since
Asti Low
100
iOO
103*,
103**
BONUS
Range
90
Sale
......
96
Dec ’06
108
87
89
88*2
88*2
82
85
J’ne’OO
7934 Sep ’(>6
aDueJan
104
•if
93*4 Oct ’06
92 *2 Jau ’07
80 78
8 1*4 221
109
98
.^...
...
.
91
794,
93
82
.
Mar’98
May’06
d Due Apr
e
Due May
rf|-r.,i-Tbcflfvwufttifyii'ir"'-!fiigrti.f/iAH[i'
Railway
Met St Ry gon col tr g 5s.1997 F-A
Ref g 4s
2002 A-O
B way A 7 th Avlstcgos 1943 J-D
Col A 9th A V lstgu g 5s. 1993
Lex At A P F lstgu g 5s 1993
Third Ave R K con gu 4s 2000
Third Ave Ry 1st g 5s.. 1937
Met W S El(Chfc) 1st g4s.1938
Mil El Ry’ A L 30-yr g 5s.11)26
Minn St Rv 1st con g 5s..1919
N Orl Rv A Lt a'cn 4Ls ..1985
St J os Ryr Lt H A P 1 st g 5s ’37
ADue J’iy
84
111
113
115
11 3 *4 114
S3 *2 Sale
M-3
M-S
J-J
J-J
F-A
F-A
J-J
J-J
M-N
St Paul Oily Cah cou g 5s. 1937 J-J
Underground of Lon 5s...1908 J -D
Union El (Chic) 1st s 5s..1945 A-O
United RRs San Frst 4sJL927 A-O
United Rys St L 1st g 48.1934 J-J
W Chic St 40-yr con ]x 58.1936 M-N
i/Dae J’ne
104*2 106*21106*2
kDae'Aug
112=4'
^
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......
90 *«
107
•
89
82
Sale
85
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106*2
Jan ’07
1 lL7s
1117*
113 *s
113*8
84
113=4 Dec’06
8H*a
89
113"
113
93*« J’IV’06
109
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15
106*2 10834
84
85
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3 113 *B 1 13*8
i
8
2
88 6-
89
112=4 114*2
107 *2 Feb’06
90 *2 3ej> ’06
103*4 Oct *06
11 0 *2 Nov’06
89
100
82
85
99
Feb’07
89
Jan’07
100
82
85
82
85
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pDueNor
i
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109 4
Col A Tol 1st ex 4s
195; F-A
1 i 84
1184 Jan ’0.
118 4 118 4
Houst E Ac W Tex See So Pat
HoustATexCen See So Pac Cc
132
Sale
132
132
i 31
J J
131
Registered.
3 951 j -J
104 4 Nov’Ol
1st gold 3 4s
1951 J-J
Registered
1951 J-J
94 4
94
944 Jail ’07
95
Extended 1st g 34s
1951 A-0
70
18
70
Sale
70
70
72*4
1st gold 3s sterling
1951 M-S
1
113
1134 lU’s
112*4 113-4
A-0
A-0
112
1 104 Jau '0
M-N
Registered
1953 M-N
72
Sale
72
72 4
! 72 4 74 4
Cairo Bridge gold 4s....1950 J-D
91 4 Sale
91
914 lo
liomsvDivATerm g3 4s.l953 J-J
j 904 94 4
Middle Divreeos
1921 F-A
Omaha Div 1st g 3s
1951 F-A
st Jxrnis Div&teriu g33.1951 J-J
Registered
1951 J-J
1
Gold 3 4s
1951 J-J
Registered
1951 a J
Spring Div 1st g 34s...1951 J-J
194
104
Jan’07
104
104
Western Lines 1st g 4s..1951 F-A
1204
119 4 Nov’06
Bellev A Car 1st Os
1923 J-I)
12 i ^
122
Sep’06
Oarb A Shaw 1st g 4s... 1932 M-S
127
J’ne’05
ClucSt L A N O g 5s... 1951 J-D
96
98
Registered
....1951 J-D
121*8 1264 121*4 Sep '06
Gold 3 4s
1951 J-D
110 '
1
: 110*4 lio*4
IliO*, 1114
Registered
1951 J-D
102 S. Aug’06
Memph Div 1st g4s...1951 J-D
102 nw Aug’OG
St L Sou 1st gu g 4s....1931 M-S
Feb’03
102
I ml Bi A West See C C C A St L
133
Feb’06
1274130
Ind Dec A W 1st g 5s
1935 J-J
127
149
Aug’Ol
1st guar gold 5s
1935 J-J
105
Sale
1 (J 4 *4
105-4 3 lo 104 41094 Ind Ill A la 1st g 4h
1950 J-J
106
100 1U54110
107
196 4
107
tut A Great Nor 1st g 6s.. 1919 M-N
133
1334
4 Dec’06
2d gold 5s
1909 M-S
3d gold 4s
1921 M-S
4
964 Sale
95-4
964
Iowa
954 97*4
Central 1st gold os.. 1938 J-D
104
1064 102 4 Jan ’0 /
Gold 4s
10241024
1951 M-S
3 104*4 106
1044 105 4
105 4
4 Jerierson lilt see Erie
O
944 Sale
944
914
934 Vb
k an A Mich
874 88 Dec’60
See Tol A O C
37
Jan *02
K C Ft S A .M
See St L A S F
98*8
98*4 Nov’06
99 4
......
......
......
......
.......
....
....
Illinois Central 1st g4s..1951
107 4
.
1U8
78
103
954 182
947»i
944
987*
944
964
......
100
Dec’06
109 4
1
Sep ’06
......
102*4
1004 102
102
101
100
89*4 Salb
78*4
91
1014
1174
......
119 4
.....
100 4
i
Mav’99
1064
1004
j.
__
100 4
103 4
102*,
102*4
89*4
91
78*4
78*,
....
o
Nov’OO
Jau’07
Dec’05
Nov’98
90
121 4 Dec’06
119*4 Mar’04
93*8 M»y’04
79
Ill
104 4 Feb’07
107 4 Deo 02
99
Oct ’06
115
Jau *07
99
99 S.
"9
Jan’o'i
111
Feb’o7
80
8o*b Nov’Ue
100
99 4 Sale
102
.02
...
...
101 4 Aug’06
103
Nov’U4
106
97
115
8
784 Apr’UO
78*,
78*4
100
102
122
.
104 4
934 J’ne’OO
101 4 Oct ’99
100
...
104
i 102*4 102*4
102*4
Oct ’01
123
......
......
....
May’06
102*4 Jan ’07
89*,
894
103
•
1
100 7g Feb’07
95 4 J’ly‘06
99 4 J’ue’06
70
Oct ’04
1024
..
.
85<||
103
1044 Aug’lM.
100 4
*
.
85
1
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......
......
....
104 4 105
-
115
99
77
109
6
11 f» 4
99*8
79
110
|
h' al A A G R See ESA M
92
88
1114
1 lo
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92
92
Oct’( 6
Jan’07
86
Oct ’06
1114 Jau’07
112 4 Feb ’06
.....
1114
112
92
....
.
-
.
.
-
..
.
92
11141114
Jan’07
110*8112
100:4..
107 4 Jan ’06
109 4 Dec’06
1084 Aug’ui.
1 10 4 Oct '06
199 4
1054
1D>
99
...
103
129
133
1284
97 4 Sale
.
.
.
Feb’Oo
4 Jan ’07
129 4129
Feb’06
4
97 4
97 4
35
97
99 4
87
864
85 4 90
904 Sale
89 4
95 ‘u 96 4 95 4i
119
127
loiag
104 4
1184
11'- 4
864
24
85 4
83
864
101*4
1294
......
loi 4
......
107 4
lo5 4
111-4
Oct '06
90 4 21
96*4 loo
Nov’O..
Feb’06
Jau ’07
89 4
914
95*^ 103*4
117
B
Nov’Obj
129
J ’ly ’041
118
Sep’06|
K ‘9 4 Oct ’06
1 121 4 Dec’06|
115 4 Dec’06
1184
....
--
TTr...
Jan’07
103
103
Oct ’06
1044
104 4‘x-t ’06
110
Oct’061
116
Apr’061
llS'-a
....
....
107
108
73 4 Sale
138 4 Sale
A-O
J - J
J-J
F-A
39
ibfi
4
72 4
135 4
101
i()6 4
73 4
Leroy A Caney Val See Mo P
Long Dock see Erie
Long IbIM—1st con g 5s.Ji.1931 Q-J
1st consol gold 4s
E1931 Q-J
General gold 4s
1938 J-D
Ferry gold 4 4s
1922 M-S
Gold 4s
:
Unified gold 4s
.Debenture gold 5s
Guar ref gold 4s
Ha* and
!_
20
4064 1064
5 1 63 4 73 4
139*4 305 133
139*4
Dec ’06
on
Next
......
86 4
F-A
M-N
A-O
......
89
...
103
.
A-O
A-O
r„_
116
*
Nov’03
614 Oct ’01
88
Dec’06
107*4 Dec’00
103 4 Nov’06
98
Dec’06
117
Nov’OO
93
4 Mar’06
1034
latest bid&nd asked this week,
a
Due Jan
....!
b Due Feb
72
Sale
72
6s.. 1911
Q-J
M-S
J-D
M-N
J-J
J-J
M-N
A-O
J-D
72
72
■
113*4
109
113 4 Feb’07
107*4 10778 Feb’()7
112*). 1134
107*81074
....
4
108
!
1074
107 4
112 4 Nov’05
'
95
116
\
2
107 4 1074
Oct ’06
Oct ’u6
109 4 Oct ’99
112 4
112°8 Apr ’06
96*4 Jan ’07
95*4
107
101
113 4 Jan ’06
1054 Jan '06
114 4 Sale
114 4
98
•
o
98
96*4
96*4
114
1144
98
99
94
95 4
98
99 4
102
41024
......
......
i
2
........
....
-
-
1094 1094
♦
4
115
1154
100
101
1014 J’ly’Ob
107*4 109
98
•
114 5
Feb’oT
102
Nov’06
941*9 4 Oct ’06
95 4 Sale
95 4
95 *9
107 4
110
J’ne’04
99 4
994
99 4
103 4
102 4
1024 Jan’07
110
1104 Nov’06
108 4
1094 Jau’07
109
Nov’06
103 4 105
J’ne’06
♦1 154
115
Jan’07
1 l7rw
1116 4 Nov’Ot
100
100v iOO
10U*8
......
•
109
109
98
Feb 071
98
112
Sal41
111*4
3
5
109
97
109
! 1 2
112
98
Page.
Lac Gas Lot St L 1st g5s.el919 Q-F
Ret amt ext 1st g 5s
1934 A-0
Milwaukee Gas L 1st 4s..1927 M-N
N Y G E L li A P g 5s...1948 J-D
eon g
5sl930 F-A
N Y A Rich Gas 1st g 5s.1921 .Vl-N
Pat A Pas G A E con g 5s. 1949 M S
Peo Gas A C 1st con g 6s.1943 A-O
Refunding gold 5s
1947 M-S
ChG-L A Cke lstgu g5s 1937 J-J
Con G Coot Ch lstgug5s.’36 J-D
Mu Fuel Gas 1st gu g 5s. 19471 M-N
Syracuse Lighting 1st g 5s.’511 J-D
Trenton G A El 1st g 5s..1949;M-S
Westchester Light’g g 5s. 1950'J-D
d Due Apr eUue May
70 4
Oct ’on
63
Electric Light
NY&QE1 LAP 1st
112
F A
g
J-D
M-S
J-D
M-S
M-S
M-S
A-O
M-S
Purchase money g 4s...1949 F-A
Ed El III 1st conv g 5s..1910 M-S
1st consol goldosl
1995 J-J
1014 Nov’06
M-S
J-D
1932
1949
1934
1949
'
1st 58
1911
N Y BAM B lstcon "5s 1935
N Y A R B 1st g 5s
1927
Nor Sli B 1 st con g gu5sol932
Louisiana A Ark 1st g 5s. 1927
Louisv A Nashv gen g Os. 1930
Gold 5s
1937
Unified gold 4s
1940
Registered
1940
Coll trust gold 5s
1931
5-20-yr col tr deed g 48.1923
E H A Nash 1st g 6s. ...1919
BONDS—Continued
i.
*1024
Iake Erie A W 1st g5s.. 1937
Bklyu A Mom 1st
1004 Dec’06
103
118
K C A -M li A 15
See St L A S F
Kan C A Pacilie See M K A T
Kan City Sou 1st gold 3s..1950 AO
Registered
1950 A-0
Kentucky Cent see LAN
Keok A Des Mo See C R IAP
Knoxville A Ohio See So Ry
J-J
J 2d gold 5s
1941 J-J
North Ohio 1st. gu g 5s..1945
L Sbo A Mich S See N Y Ceni
Leh Val X Y’ 1st gu g 4 4s. 1940 J-J
Registered
....194' J J
Lehigh Val (Pa) cons e 4s.20e3 M- N
Leh V Ter Ry 1st gu g 5s. 19 11 A-O
Registered
..1941 A-O
Leh V Coal (to 1st gu g 5s. 1933 J-J
Leh A X Y 1st guar g 4s..1945 M-S
Registered
1945 M-S
E1CAN 1st pi 6s ....1914 A-O
Gold guar 5s
1914 A-0
Leh A Hud R See Cent of N J
Leh A Wilkesb see Cent of 2s J
-
114 4 Nov’06
llllSCIiliLANKOllS
ousatome
....
I^'hbL oi Minu
Friday;
T
....
......
2
See C B A Q
....
J-J
J-J
Improvement gold 5s...1928 J-D
West
1st
Bio Ur
g 4s.... 1939 J-J
Mere and col trust 4sA.1949 A-0
Utah Cent 1st gu u4s al917 A-O
Rio Ur Bo gu See Rio Gr bo
Dee Moi 6c Ft D See M Ac St L
Dee M & Minn See Ch & N W
DesMoi Un Ry 1st g5s..1917 M-N
Det & Mack 1st lien g 48.1995 J -D
Gold 4s
1995 J-D
Detroit Southern—
Ohio Sou Div 1st g 4s...1941 M-S
Duldfc Iron Range lstos..1937 A-O
Registered
1937 A-O
2d
1916 J-J
Xk«i BhoTt Line
See Nor Fac
Dui So Shore <fe Ati g os.. 1937 J-J
See St P M Ac M
•»ast Ten Va &
Elgin JoLfe East 1st g 58.1941 M-N
Elm Cort Ac So
See Leh Ac S Y
Erie 1b( ext gold 4s
1947 M-N
2d ext uold 5s
1919 M-S
3d ext gold. 4 4s
1923 P.i-S
4th ext robs 5s
1920 A-O
5tli ext void 4s
1928 J-D
1st consul cold 7s
1920 AI-S
let consol a fund 7s
1920 M-S
Erie 1st con g 4s prior.. 1990 J-J
Registered
1990 J-J
let consul gen lien "4s.. 1990 J-J
Registered
1990 J-J
Penn coll tr g 4s
1951 F-A
50-ycat conv 4s A
1953 A-O
Bun N Y Ac Erie 1st 7s..1910 J-D
b
Butt A
W gold 0s
1908 J-J
Clue A Erie 1st cold 5a..1982 M-N
Jed RK 1st gu g 5s....al909 A-O
Louc Lock consol g 0s.. 1935 A-O
Coal A UR lsleur gu 0s.192 M-N
&*Ck Ac Imp 1st cur 0s..1913 J-J
K i A Green L gu g 5s. 1940 M-N
N \ bus a W 1st ref 5s. 1933 J-J
2d eoid 44a
1937 F-A
General gold 5s
1940 F-A
Terminal 1st gold 5s. ..1943 M-N
Regis $5,000 each...1943 M-N
Mid RRorX J 1stg Os. 1910 A-0
Wil k A Ea 1 st gu g 5s. 1942 J-D
E v A Inn lstcon gu it Os.. 1920 J-J
No price
A St Jo
99 4
41*32
lo94Hi
4
Jan’07
J-J
j.j
...
Ry
J “J
an
-
lb 16 J-D
Alb «fc bus conv 34s
1946 A-O
ueus Ac Saratoga 1st 7s. 1921 M-N
J-J
108
1024 1034 Dec’06
97
See Ches & O
1
10-yrconv deb 4s
1104
85 4
99 7e
Greenbrier
....
AC
F-A
\| .Q
14*17 M-S
J-D
M-N
103
....
-
4>n.M and Electric Light
Atlanta G L Co 1st g 5.S...1947
Bklyn U Gas 1st con g 5s. 1945
Buitalo Gas 1st g 5s
194.
Consol Gas conv deb 6s. ...1909
Con sum <j as see P Ci As <j Uo
Detroit City Gas g 5s
1923
Del (ms Co con 1st g 5s...1918
Ed ai ill Rliu see K Co EL Ac P
Ed a ill See N Y G Ac K LH Ac P
Eq G L N Y 1st oou g 5s..1932
Gasoc Elec BergCo c g5s.1949
Gen Electric deb g 34s..1942
Gr Rap G L Co 1st g 5s...1915
Hudson uo Gas 1st g 5s.. 1949
Kan City > Mo) Gas lstg 5s 1922
Kluns Co El Let P g 5s... 1937
Purchase monev 6s...... 199 7
Eu hi 11 Bkn 1 < <• >n g 4s 1939
A-0
85
Gray’s Pt Term
fi
....
O lnddk W 1st pf 5s...iU93f
Peo Ac East 1st con 4s... 1
AO
Income 4s
1
Cl Lor Ac Wh con 1st g oa.l
A-O
Olev Ac Marietta 6’eePenn
Olev Ac Mahon Val g 5s...1
J-J
Glev As Pitts Sec Penn Co
J -J
F -A
Colum & Greenv See So Ky
Ooi Ac tiock Val See Hock Val
CJol & Tol See Hock Val
Ooi Conn & Term See iN&W
A-0
tak <fc Gt So
Ac
'alias dfc Waco See M K Ac '1
tel Lack ifc Western 7s...
M-S
Morris «U Essex 1st7s...
M-N
1st consol guar 7s
J -1>
Registered
J-D
1st ref gu g 3 4s
J -D
1
N Y iACk &~\V 1st 6s... 1921 J J
F-A
M-N
106*8 106*8
...
>
TalH&
J
105
Jan’04
99 4 Dec’06
99
Jail ’07
113 4 J’ne’OO
l
High
Mar*98
1104
85 4
T
Jau ’07
994 Feb’05
98 ‘ Sep ’06
994
J-J
J-lJ
•Ida,
1
II04 111
94*4
99
(J-F
See So Pat
105
J-J
J-D
J-J
94
97
106
Low
Dec’Of
94*8
97
Ao
1065* 106*8 Feb’01
114
Apr’Oa
106 4 Feb’01
108
i 01 4
947s Sale
hJ
M.C
High
j-j
100
M-N
VI
101 a4
9f)3e Jan ’o7
984
98 4
974
97 4
January
Q-J
984
J-J
Spt
17
101
J-J
Registered
83
A
U
See B K
ual Har ASA
H of 18S2 1st 5s.P
G eorgia & Ala
see Sea A L
Ga Car & Nor
See Sea A L
Georgia Pacifio See So Ry
Gila V G & Nor See So Par
u N
&I St &L & CSeeSeeCC C StC &L
'
117
-
Since
or
Sale
■
99 4
112 4 112 4
See CKL&P
ulf
Ask Low
114*8
Range
Range
Last
>
St
Imt A Pere M
■i
Ctioc
A-0
Week’s
9.*
....
97
974
L'argoA So
f
Jhrtce
iYi day
Fey 15
Int’el Pinerd
....
133*4 Oct ’0(
128
1294 Mar’04
12041214 1204 120 A
99 4 Nov’Ot
99 '
»fl 4
994
112 4
112 4 J”an ’(>7
Vol. 1.XXX1V.
2
*
Range
c
13084
1'
.
or
Last Sale
Ask Lunc
13034 1314 131
92
93
i
Chicago Ter TTans
Fangs
Birt
0
3c
WeetCs
tnce
55
U. v.
N. Y. STOCK EXCHANGE
WttKK KNDIKG FKB 15
Becord—-Continued—Page
/iDueJ’ly
-
102*4 Sale
102 4
102 4
102 4 102
102
91 4 Jan ’07
103
Feb’07
82 4
884 Sale
83 4
101
Dec *06
113 4 J’ne’06
99
9834 Dec'06
98
102
103 " Nov’05
102 4 105 4
102
102 4
i03*8
23
104*4 Nov’05
119 4 Jail ’07
1194
...
103 4
102
105
104
103 4
103
102
106
102
103 4
914 914
10241034
82 4 847«
119
102
Feb’07
Oct ’06
Jan’07
Dec’05
......
102
1194
102
.
102
......
110
May’05
1014 Feb’07
lc Due Aug o Due Oct
q
Due Dec
.
_
....
_
^
ioi4102
3 O&tion
Sale
BrtfIm*r
i*OND>
A
Naahv—{Continued
lT&ii&Lexgoht44a...l93]
High
High
1
91 a-t
Dec On
J an ’u7
Atilt’05
1 >«c ’05
110
il
11*94
'i
U
104 4
Jan ’06
M
Bdge Co gu g 4s.. 1945 M
Ch See CliL
Coal See L S A M S
JManliattan Ry cod sol 4s. 1990, A-0
Registered
1990; A-0
Metropol El 1st g 6a
1908'J-J
McK’piA B V A'mN' Y Cent j
974
91
9‘i
J’ly ’06
; 9134 Sale
i,* Jolt
L N A A
» l ahon
100 4 101
98
102 4
100 4
104
102 4
112
112
ay’Oti
S3
86
25 4 Sale
18
19
Apr’05
100*4
102 4
ii)0 4
Dec ’06
J’ne’05
137
1114<->ct ’05
118
Jau ’07
118
1184
109
92
1104
113 4 M ar’05
1104
1104
92 4
92
97
100
’06
Nov’Ul
101
Oct
103
98
Salt
85 4. Sale
1034 San-
98
55 4
103 4
si>
87 4 Sale
86
98 4
83 4
lu34
974
844
Jan’o7
57
87 4
57
Jan’o7
4100',
92<b 95
11041H4
106 4 1074
106
1064
107
106
119
>•64 Jan ’07
Mar’05
1014 J an ’0 7
117
Feb’o7
1134
113=8
994
116
117
1134 114
StL ir M A Sgen con g5sl931
Gen con stamp gldg 5s 1931
Unified A ret gold 4s. .1929
Kiv A u Div 1st y 4s.. 1933
Verdi VI A W 1st g 5s. 1926
Mob A Birin prior lien g 5s 1945
116
874
914
io7”
SO
90
'
Mortgage gold 4s
1945
Mob J A K Cist cons g 5s. 1953
Mob A Ohio new gold 6s.. 1927
‘,'8
1st extension gold 6s..h 1927 W
General gold 4s
193S'M
Montgom Div 1st g 6s..19471 F
St L A Cairo coll g 4s..el930i tf
1931 i J
Guaranteed c 4s
MAO coll 4s See Southern
Mohawk A Mai See N V CA 11
93
J J
A-O
J-J
J-J
J-J
•
Jaspei Branch 1st gbs.,1923
McM M W A Al 1st 6S..1917
T A P Branch 1st 6s
1917
Nash Flor A slid bee L A N
Nat of M ex prior lien 4 4s. 1926 J-J
1st consol 4s
1951 AO
New HAD See N V N HAH
N J J line RR See N V Ceut
New A Cm Bdge See. Penn Co
N O A N E prior lien g 6s pl915 A-0
N Y Bkiu A Man Bch bee L 11
N Y Cent A H Kiv g 3 4s. 199 7 J- J
Registered
1997; J - J
Doben g 4s
1934;iVI-N
Lake Shore coll g 3 4s... 1998. F -A
Registered
199.4 F-A
lJbsi F-A
Mich Cent coLl g3 4s
Registered
195)5. F-A
Beech Creek lstgu g4s.1936 J J
Registered
1936; J - J
2d gu gold 5s
193d; J - J
Ext
3
Beech Cr
1st c
4-s 61 '51 ;AO
Cart A Ad 1st gu g 4s.. .19.51 J D
Clean Bit Coal 1st s i 4s. 1 3401 J - J
Gouv A Os we 1st gug 5s 1942 J-D
Moh A Mal 1st gu g 4s.. 1991 j\1-S
N J June rt gu 1st 4s... 19.56: F-A
101
117
1014
117 4
113\ 114
80
88 4
91 4
92 4
Dec’Ob
124
1214124
92 4
1993IA-0
116 4 Jau
113=8
87
116 4116 4
113 4 116
1194 Feb’06
117 4 Mar 05
113
J’ly’04
1104
102 4 102*4
1024 Jan ’07
56
87
Sale
84
4
Col Fuel Co gen gold 6s.l919irVl -N
Gr Riv Coal A C 1st g 6s 1919 j A q
Col Indu 1st A coll 5s L*U.. 1934 iF A
Contiu’talC 1st at gu5s g. 1952 F -A
Jett A Clear C A 11st g 5-s. 1926 J -I»
2d gold 5s
192(r J -1)
Kau A H C A C 1st s t g5s.i95i J •J
Pleas Val Coal 1st g s f 5s. 1928| J -J
93 4 Sale
93*
*
92 *-i Jau
u’07
93 4
92 4
97 4
984
93 4
*8 4
844 Sale
844
934
98 4
85
i'enn Div 1st g 6s
a
Birm Div 1st consol 6s..
Call C M Co . st gu g 6s.
In- BarC A l Co sru u b.s.
Val nm Coal A Co 1 st g 5s.
’’No price
Friday: latest
J
1 i* 17 A O
1917 J J
1 922 J D
!9]o F
-A
19 49 iVl -S
87
84
85
‘
.-74
844
102
844
102 4
S3
102
104
100
95
Apr *02
103
105
Dec’06
Oct '02
N V A Put See N Y C &H
N Y A R B See Long Island
N Y S A W
bee Erie
N Y Tex A M
See So Pac Co
Nor A South 1st g 5s
1941
Nor I A West gen g 6s
1931
96
B’eb’07
83
J’ly’06
107
82 Oct ’04
1 119-V A 11 r’lift
7o
Sal-;
......
......
lob
78
9a
San.
ibb
:08
97
96
100
69 76
70=4
107-*8 Dec’04
107
May’97
lmprovem’t A extg6s,.1934
New River 1st g 6a....'.1932
N A W Ry 1st cion g 4s. 1996
asked,
alnu-.i;
....
!
9941004
I
..
.
96
69*4
_■
....
102 4 Oct ’03
105 4 Dec’06
105
Oct'00
78
78
94
9 4 'c
: 06 4 Jan ’07
>6
Feb’07
•
2
Dec'w3
l'.o
lo(>
96
9b
11
b Duo Feb
100**6
100=4 Jan ’07
106 4 Nov’OO
94 4 Dec’06
94 4 Jau ’07
94 S
76*4
......
......
......
100=4 100=4
94 4
119 4 Mar’uo
113 4 Feb’07
1004
i03 7b Aug’Oti
103
1024
103
100 76
Oct ’06
94 4
113*4 114
118*4
124
Feb’Ob
100 4 Sale
1004
1004
1014 J’ne’Ob
103 4
14
102=8103 4
17
99 4101*4
Registered
104
Sep’06
129 4 Jau ’0/
....„
Pw7->
98
Sam
129 4129 4
130=4 Feb’06
127*4 Oct ’06
97=4
98
......
101=4 Sale
1996
100 4 Feb’07
72 4
72
7*
Feb’07
97=4
ri
89 4
914
'i
99 4
*99 4
99=4
185 11 01 =8 102*4
11004 102
72 4 74 4
38
7 i
71
95=4
96=4 Jan ’07
i'014
95=4
123=* Nov’OO
J’ly’99
121
116
F
Registered certitic’s.. 1923jO
St Paul A Dul 1st 5s
1931 jF
2d 5s
1917 j A
1st consol gold 4s
196Si J
Wash Cent 1st g4s
1948- Q
Nor Pac Tor Co 1st £ 6s.. 1933; J
Nor liy Cal bee So Pao
102
101=h
72 4 sale
66
Feb’06
96*4 97*4 Dec’06
90
89 4
91
89 4
105
109 4 Feb’05
99 4
99 4 Sale
99 4
1997
a‘2047
a2047
General lieu gold 3s
129^.
1274
loo
Registered
1996
Div’l 1st l A gen g4s...l944
Pocah C A C joint 4s.. 1941
C C A T 1st gu g 5s
1922
Scio V A N K 1st gu g 4s 1989
North Illinois See Chi AN W
North Ohio bee L Erie A W
Nor Pac—Prior lien g 4s..1997
132
113
109 4
Mar’06
108*4 Nov’Oo
98 4 Oct :o6
93
May’Oo
108 *a 110
94
91
1 13 4
117
Nov’06
Nor Win
bee C St P M A O
Nor A Mont See N Y Ceut
Oswego A Rome
116
May’OO
1114 113 4Nov’UO
110
General gold 5s
1937
Ore A Cal
See So Pac Co
Ore R11 A Nav See Un Pao
Ore Short Line
See Un Pac
See NYC
See O A N W
Oz’rk A Cher C 1 st gu 5s g.1913
O C F A St P
l94o
103
J’ly’06
106
106
106
Dec’06
90 4 J’iifc’06
90
Oct ’u6
Jau ’07
95
89
Oct ’06
I06
105=4
9-1=4
95
95
97 4 97 4
116
115
974 Jan’07
Jau’07
108*4 Aug’03
115
115=4
1074
106*4
98 4 Dec’05
96
Jan’04
98**.
"92=4 "94"
964 Jan’06
98=4 Apr ’04
N A C Bdge gen gu g 4 4a 1945
P CCA St Lgu 4 4s A... 1940
Senes B guar
1942
Series C jmar
1942
Series D 4s guar
1945
Series E 34 guar g
1949
Series E 4s guar
1953
Pitts Ft W A C ist 7s...1912
2d 7s
1911
3d 7s
*1912
Penn RR 1st real esl g^s.1923
oil
105 4 107
90 4 Mar’06
1940
10-• 4 Oct ’06
109*4 Feb’07
109=4
109 V
109*4 109 4
112 4 J’ne’05
9b
Jan’07
91
9L
91
9a
91
3
98
91
100
127=8
119
119
104
100=4 103
Oct ’02
J’ne’Ob
Apr’04
Dec’Ot
1114 Sep ’04
106
Aug’03
108
100 4
93 4 Sale
96
Sale
1919
gold 5s
97 4 97 4
109
109
97 4
974
109
Jan’97
97 4 Sale
106*4 109
1921
Registered
Guar 3 4s coil trust reg.1937
Guar 34scoll tr ser B...1941
Tr Co certif’s gu g 3 'gs.lOiO
Gu 3 4b tr ctfs C
1912
Ga 3 4s tr ctfsD
1944
Guar 15-25 y ar g 4s
1931
C St L A P 1st cou g 58.1932
Cl A Pgeu gug 4 4s ser A.’42
Series B
1942
Series C 3 4s
1948
series D 3 4s
1960
Erie A Pitts gug 3 4s B.1940
RONDS—Continued
93 •* 2 Oi
96*4 83
104*4 Oct ’05
Jan ’06
110
92=8 95
95=4 100*4
93
96
1034
974
103
108
Sep’06
90
Jan ’07
Next Pago
TeleKrapli and Telephone
Am Telep A Tel coll tr 4s 1929 J-J
Comm Cable Co 1st *r 4s..2397
Met T A T 1st s l g 5s
1918
Mich. State Telep. 1st 5s. 1924
N Y A N J lei geu g 5s.. 1920
West Union col tr cur 5s. 1938
Fit and real esl g 4 4s. ..1950
Mill U11 Tel s tuml 6s...1911
North w Tel gut 4 4s g.. 1934
Q-J
90
964 J'ne’06
1094 109 4 May’05
97
Feu’07
105 4 J’iy ’o3
93
VI-N
F-A
M-N
J-J
iVl-N
VI N
J-J
lu2
100
.-aalc
102
lol
106
100 4
106 4
103
.
102
100 4
Mar’06
J'ly’0‘l
1
90
10
98
98
102
97
103
......
....
1004
......
llnniitacLuring A Industrial
J
5
78
784
94
95
106 4 IO64
105
106
Am CotOil ext 4 4«
Am Hide A L 1st s 1 g b.s..
Ainer Ice Secur deb g6s..
Am
Am
.
>ah.
Dco’06
104
118 4 J’ly’06
J’ue’06
119
102
gu4s^.’36
|
94
99 4
113=4 Jau ’02
gold 4s
1943
Convertible g 3 4s
1915
Convertible g 3 4s
1912
ALleg Val gen gu g 4s...1942
Cl A Mar 1st gu g 4 4s.. 1935
D RK RA Bgelst
Gr R A 1 ex 1st gu g4 4s 1941
1014 Dec’06
9b
1034
115*8
gl992
llegis $5,000 only
Consol
Consol
103=»
}
J
934
92 4
99
88 4
83 4
Feb’07
83 4 s4
84
85
85
85
Sale
83 4
844 Jan ’u7
1014
102
1024
102
Mar’04
104
j
-
874
94 4
125 E Mar’06
139
Jau’03
112
A. Greemv Lake
See Erie
A Hat
bee N Y C A Hud
N V Lack A \V
bee D L A W
N ILEA \V
bee Erie
N V A Long Hr See Cent of N J
New York New Hav A Hart—
liousatonic R con g 5s.. 1937
N H A Derby con cy 5s.1918
N V A North
See N Y C A H
X Y O A W ref lstg 4s..</199‘.
Series C
Coal and Iron
Col F A I Co gen s f g 5s..1943 F -A
Convertible deb g 5s
191 I F A
Col C A I Dev gu 5s g..19i)9: J -J
195 i J
‘*94’
93 4
94
97
l
Fac Coast Co 1st g 5s
’07
113=8
1164
1134114
il5=«
Sale
112=4
Ulnd
A W RR
See 1st
C CgC6s.A 1936
St L
hio River
.HISDELL VNEOLiS
5s
964
94
9/
105
103 4
1014 J’ly’06
ac ol Missouri
bee Mo Pac
Panama 1st s fund g4 4s..l917
Penn Co—Guar 1st u 4-gs.l921
Mouongaliela Kiv bee BAD
Mout Cent see St P M A 51
Morgan’s Da A T bee S P Co
Morns A Essex See Del LA \V
29
92
*1922
103 4106
89 4 90
122
Dec’05
93 4 Jau ’07
114 4 J’ly’06
‘.'2 4 Aug’06
Itli
Nov *04
107
10
Jan’«>7
97 4
93 4
8: 103
l! 102
106 4
1909
Dul Short L lstgu 5s..1916
C B A Cf coll t r 4s
bee G t N or j
si P A N P gen g 6a....1923
Nov'Ou
87 4
1234 123'8 124
102S.
94
125
1918
St Paiil-Dul Div g 4s
87
914
914
107 4 Apr’06
tl54 Apr’06
96
* »ct ’05
salt
**i’oV4
103
12934
1044105
94 4
No\\/.<nv tiigd
1
1194
L] 0
Migh
102 4
114
1937
Registered
99
Leroy A C V A Llstg5s 1920
Pac R of Mo 1st ex g 4s. 1938
2d extended gold 5s...1938
aeu
984
88
103
104
85 4 86
86 4 85 4
87
87
104 4 1044
95 4 95 4
104*4 1054. 104 4 Jan’07
95 4 Feb’07
92
111 4 Feb’o7
1114 112
106 4 107 4 1084 Feb’07
106
lOO
bale 106
104
IU8 4 Apt ’06
107
Jan’Oi
119 °8 120
1194 Feb’07
104 4
105
105
107 4 Feb’06
i'03 103 4 1034 Feb’07
89
90
90
....al917|
94
Apr’06
Range
^,Z[\uaniuiri/l
H>3=4
1932
1934
OsweA R 2d gu g 5s...«1915
It WAOTK lstgu g 58.1918
Utica A Blk Riv gu g4s.l922‘
N V Chic A st L 1st g 4s. 1937
.v
N
j
102
1934
1940
Registered
90=8 J’ly’01
Muy’OO
2d goid 4s
0J.99O
1st ext cold 5s
1944
1st A relund Is
2004
Gen s f 4 4s
1936
St L Div 1st ret g 4s
2001
Dal A Wh- 1st gu g 5s...l94uj.M
Kan C A Pac 1st g 4s... 1990 F
Mo K A E 1st gu g 5s...l942i A
M K A Ok 1st gu 5s
1942.M
M K A T ot T 1st gu g5a. 1942| M
Sher Sli A So lstgu g5s.l943j J
TexA Oltla lstgug5s...l943iM
Mo Pacific IstoougOs ...1920'M
Trust gold 5s stamped.al917.M
Registered
M
1st coll gold 5s
.1920. F
40-year cold loan 4s
1945|M
3d 7s extd at 4%
19381M
Cent Br liy 1st gu g 4s. 1919 F
Tenn coal
86
274
21
105
MidolNJ See Ene
Mil L.k'ife W See Chic A N VV !
Mil A -Vol tu
See Ch M <k Si 1
Minn A st L 1st gold 7s..1927 1 J
Iowa Ex 1st gold 7s
1909; J
Pacihc Ex 1st gold 6s...l92iiA
South W esl Ex 1st g 7s. 1910 J
1934; M
1st oouaol gold 5s
1st and refund gold 4s..l94P|M
lies M A Ft D 1st gu 4a...’35 J
Minn <vj St n. gu See B O R A N |
M St PA ss M ecu g 4 int gu ’88) J - J
M S 8 M A A 1 st g 4 int pi 1926 J - J
Mum l< n
bee St P M AM
Mo Kan A l ex 1 si g 4s...1990
1>4 i; J
102 4
84
23
17 4
85 4
25 4
18 4
Ask Low
10^
112 4
1940
.1 LA S 1st g 34s
1951
ist g 34s
1952
i Jut C A Stur 1 st gu g 3s. 1989
N Y A Harlem g 34s...2000
Registered
2000
N V A North 1st g 5S...1927
99 4 100\
Range or
104 4 sale
Registered
100 4
85 4
25
18 4
Last Sale
>*7
1928
1938
1931
Registered
48
fPrcAr’.x
'93*4
1931
5s
it W A O con 1st ext 5s.
El See Man Ry !
Mex Cent consol gold 4s..1911. J - J
1st consol income g 3s.al939 J’ly
2a consul inoonie a 3s..al939 J’ly
1919 A-O;
Equip A cull gold 5s
1907 F-A
Coll tr -• 4 4s 1st Ser
Mex Iniernat 1st con g4s,1977;M-S
Mex Audi 1st gold 6s
19U" J - D
Mich Cent SenN 1’ Ceui
Metrojiuiitan
Co g 5s
Debem ure g 4s
Ka A A 14 it 1 st gu c 5s.
Mnlion C’l UR 1st 5s..
Pitts McK A Y 1st gu 6s.
2d guar 6s
McKees A B V 1st g 6s
Midi Cent letcyusol 6s.
Price
J’Yidav
Reb 15
Rid
1997' J
1997i j
Registered
Sep ’06
97
Ci
236lj J
Duke Shore gold 3 4s
120
120
1 '*•
J
Y Cent A H R—(Continued)
Nor A Mont lstgug 5s. 1916
West Shore 1st 4s gu...2361
Registered
97
96 4 97
103 4 1«)74
LA
N Fla A 8 1st gu g 5s... 1937 F
Pens A Atl 1st gu g 6s..1921' F
S & S Ala con gu g 5s.. 1936 F
5s
1910: A
Sink fund gold 6.'
e*
N
J’ly’06
1
4s..1987!
Sunday On
N. Y. STOCK EXCHANGE
Week Ending Feb 15
Aug’06
NT-South M Joint 48.1952! J
consol
Low
Jan ’07
Render Bdgelstsf g6s.l931;M
J
Kentucky Cent gold
L&N&M&M 1st g 4481945 M
Nash
St L5s1st 7s. 1913
1st Chat Agold
1928
Mo
|
RON D>
M ar’05
Dec’06
Mar’06
M
M 1st gold 6s....1930' J
M 2d gold t>s
19.itd j
PensacolaDiv goldde...l92ojM
St L Div 1st gold 6s
192 ity
2d gold 3s
19S0'M
All Knox A Nor 1st g6s!94(>| J
N V A Pu 1st cou gu g 4s
Sale
Last
N 0 *
if O A
r
Kamgt
Since
January 1
Range or
A.NG K
K. Y. STOCK KXCH
Vv'KKK ENDING FEB 1 o
I »niBV
T3==
Week? s
*
379
New York Bond Record—Continued—Page 3
1907.]
FEB. 16
4
i
c
100
98
HO
95
Due
.- i1
iir
al
4
1915 Q-F
1 91*9 >1- 8
92
894
A-0
88
Spirits .dig ist gba.. 191.; Al S
Thread 1st coi tr 4s... 1919 J-J
102
\-o
A
i 10
75
s.
d
Due ,\pr
iiba
19.5
-
1
/t Due .J ’iy ic Due Aug
951j F
o
'•
Due net
•-
92 4
Side
O's
t
>ale
sale
j) Due
Fed)'07
904
90 4
88 *4
80 ‘t
lul ‘4 Jan ’07
30=4 <1 an ’07
1104
1106
75
75=,
91
91
V-
31
89
88
924
89=4
89
101=4 102
•
*
’
1
84
90
90=4
108 v 1 10=4
75
79 4
Nov q Due Dec cOption Sale
380
New York Bond
BONDS
N. T. STOCK EXCHANGE
Week Ending Feb 15
c*a
Zt
Price
Week? a
Friday
Range
Feb 15
1
or
=
a;cc
Record—Concluded—Page
Range
BONDS
Since
N. Y. STOCK EXCHANGE
Week Ending Feb 15
[VOL. LXXXIV
4
so
^•2
Price
Week's
Range
Friday
January 1
0 -5
Range or
Since
Fean
Feb 15
Last Sale
HB—(Continued)
Hid
Ask Ixrw
High A’o Low High,
JPlula Bal «fc W 1st
January J
g 43..1943 M N
Southern
Pac
107 4 Oct ’06
Co—(Continued
Sm
Hun A Lewis 1st
Ask Low
Hi oh Ho Low
g 4a...1939 J-J
98 4
U >1 J BB & Can
High
A-O
127
Sep ’OG
gen 49.1944 VI-s
1104
114
J- J
Sep ’04
Pensacola <fc Atl bee L & Nash
116
Nov’Ofi
Peo <fc East bee C (J C & St L
J J
1014 No\’0(>
Guaranteed gold os
1938 AO
115
Peo *. pek Uu 1st
112
Feb’ti/
g 6s....1921
Ore db Cal 1st guar
hi 12" 112”
1124
123 4 Jan ’05
Q-F
g 5s. 1927 J-J
loo
2u gokl 4 4>.9
98
b 1921
S A & A Pass 1st
Jan’07
98
M-N
98
gu g4s. 194c J-J
85 4
100=4 Dec ’05
86
PereXlarq—Ciuo W M'os 1921 J-D
87
3
85
109 * Apr’02
87
103 4104** 103 4
J J
Flint & P Al g 6s
Feb’07
192U AO
116 118
115
10341034
.T.
r
Ja‘n’07
1st consol gold on
115
1043a
115
1044 Jan ’07
1939
So Pacific of Cal—
104 4
105
Nov’00
Pt Huron Div 1st g 68.1939 M-N
1U4H
1 hT g 6s aeries E &.
F
1912 A-O
1064 Sep’06
108
Sag Tug <fc H 1st gu g 4s. 1931 A-0 103*a
111
1st,
Aug’06
gold
6s
F-A
1912 A-0
111 7g
Phil B & W bee Penn BB
114 4 Dec’04
118 4
Pliila * Beading cona 7s.1911
M-N
119
Jan’06
115
J-D
4
Mar’06
Pine Croek reg guar 6s...1932
-M-N
1083, J’ly’05
137
Nov’97
104
Pitts Cm 6c St L See Penn Co J-D
J-J
104
Jan’07
1034 iur
Pitts Cleve & Tol bee B & O
J-J
Tex<fe NOSaliDivl st
gOs.l 912 M-S
Pitts Ft W A Ch bee Penn Co
ioa 1114 Jan ’06
Con gold 5s
.1943 J J
Pitts J use 1st gold 6s
10 4
1922
Sep ’06
Southern—1st con g 5s
120
Oct’01
1994 J-J
112
Pills cte L Erie 2d g 5s...al928 J-J
bale
112
llv*4 73 112
Bemstered
i 13*4
1074
A-0
107
1994
4
Nov’06
Pitts AicKees <fe Y bee N Y C'en
J J
114
Nov’00
Mob db Ohio coll tr g4*.. 193>
Pitts Sh & L K 1st
93
i.M-S
4
93 4 Feb’07
g os...1940 A-O
Mem
Div
92
1st g 44-os... 1990 J-J
120
94
Mar’OO
1st consol gold 5s
115 4 116
Jan’O.
1943 J-J
1154 116
98
J Ty ’97
Pitts &, West bee B & <>
'J-J
93 4 93 4
•J
; 11
"
93 4 944
Pitts Y 6c Aslt 1st con
j. j
1144....; 113 Jan ’06
AM it Danv 1st
6s.1927 M-N 109
116
1948 J J
g 4s
93 4
May’Od
96
J’uc’OG
2d 4s
°
'
977e
Sale
J-J
1 14
1948
g
90 4
97na
98
J-J
92
Registered
97-4 934
1997 J-J
J^e’^o
Atl & Yad 1 st
97*, I004 J’ne’06
g guar 4s. 1949 A-0
93
Jersey Cent coll g 4s...1951
Col 6s Greenv ist Os
954 Salt
95 4
1910 J-J
6
•111
95 4
Rensselaer «5t Sar bee Difc H A O
bale
iii
96
96 4
iii
i n i 11 i
E T Va <fc Ga Div
g 6s.. 1930 J-J
Rich <fc Dan bee South
112 h
113
Jan’07
Con 1st gold os...By
1127, 1134
1950
117 4 bale
Bich 6t Meek bee Southern
M-N
117 4
E Ten reor lien
i 17 4
116
g 5s
1938 M-S
1174
Bio fir West See Den
113
114
Bio Or
Feb’07
Ga Midland 1st 3s
1 113
114
194 0 AO
Bio Gr J uiic 1st
68
68
Jan’07
(4a Pac
gu g 6s...1939 J-D
68
By 1 st g 6s
109
1 92'-* J-J
694
1 1S34
Bvo gr So 1st gold 4s
Mar’05
117*8 Jan *07
1940 J-J
1 17*8 117A
76
118
Dec’05
,T - J
Guaranteed
1184 bob’07
1940 J-J
ilS
“
89
Jan ’05
1184
Roch do Pitts bee B B <fc P
J-J
1124
112*8 Feb’07
i )f*b 5s
1114 1124
stamped
1997 A-0
109 4
Home Wat A Og bee N Y Cent
Rich Sr. Aleck lst
1124 Jan ’06
g
1948
4s.
Rutland 1st con g 4 4s....1941
87
M-N
98
Feb’05
bo Car db Ga 1st
106 4 Oct ’05
g 5s.... 1919 M-N
106 4
OgJfcL Cham 1st gu 4s g.1948 J-J
ldi
Jan’07
106
98 4 J’ne’06
106**
JVI- ^
But-Canad 1st gu g 4s...1949 J-J
1124
112
(Jet’06
Series D 4-5s
J-J
.1921 M- S
1014 Nov’Ol
1084......
108
4 Dec ’ot
Series
E
5s
Alanj
1920 M-S
tJocfeGr 1 si 1st g 4s...1947
1094
113
Dec *05
General os
93 4 92 4 Feh ’07
J-J
St Law A; Adirou
1930 M-N
Ill
91
1114 111 4 Dec ’06
92 4
lstg Os. 1996 J-J
*
122
M-N
Jan’06
1 1 I 3, 109 l<* May’Od
2d gold 6s
1996 A-O
F-A * 93 4
L L <fc Cairo
93*bee Xlob 6s Ohio
96 4 Jan ’"7’
96 4
ot D db Iron
J
110
J
112
* 109 4 Jau ’07
Mount bee A1 P
-S db N Aut
109 4 1094
See L A N
StLKCilcN bee Wabash
Spok Falls <fc Nor 1st gGs.1939 .1
St L M Br See T BB A of
J
117
St L
Stilt Isl By 1st
J’ly’00
gu g 4 4s..1943 J-D
8t Louis do S an Francisco—
90
100
Nov’Ol
Syra
Bing db N V bee D L <Sc W
'
General gold 6s
1 'er A ol St L
1931
1st g 4 ^'S.. 1939 A-O
1234124
123 4 Jan ’07
108
General gold 6s
4
123 4123 4
108
1 1st con cold 5s
Jan ’07
1931
110 4 Sale
108
3
10S4
1894-1944 F-A
St L 6s S F Bit cons
ll(na 1104
117
109*8 110 4
Jan’o7
Gen refund s t g us
g 4s..’90
91
117
bale
117
91
91
2
1953 J-J
04
Sou th w Div
93
91
93
4 Jan ’o7
St L 51 Bge Ter
lstg 5s..1947
93
4
94
102 4 Aug’05
os.
1930
tug
108
A-O
112
111
Refunding g 4s
Dec ’00
Tex A N O bee bo Pac
1951
82 l, Sale
SI 4
Co
82 4 60
6-year gold notes 4 4..1903
814 82 4 Tex A Pac 1st gold 5s
i
98
2000 J-i)
K C Ft S & M con
Nov’00
1184 Sale 1184 » 1 184
2d gold me 5s
g 6s.. 1928
1 1 8 V
116 41184
11 it
Jan’07 ...J 11 9
K C Ft S do M B v rer
<72000 Mai
96
92
119
Nov’06 ....1
La Div B L 1st g 5s
g 4s 1936
82 4 Sale
82
11931 J-J
82 4
46
K C do AI B ifc B 1st !tii 5s. 1920
110
W Min W A N \V 1st
Mar’OO
68
Kill
814
824
gu 5s ’30 F-A
StLM& So East gu 4
100 ’-2 Nov’04
4gl909
J J
8t Louis So
bee Illinois Cent
Western Div 1st g 6t>...1935
St L S W 1st g 4s bd
A-O
'*'i
111
M ay’o-l
etis.1989
General gold 5s
934 ‘-'4
93 4
1935 J-D. 102 4
8
94
2d g 4s iuc bond
93 4 95
102 4 Jan ’07
Kan A M 1st
ctfs...pl989
82
Sale
82
gu g 4s
1024 I024
1990
83
10
Consol gold 4s
A-0
96
82
97
83
Tol 1’A W 1st cold
1932
dan’07
76
97
77 k'
97
4s. ...1917 J J
77
Feb’07 •-I 764 79
87
88 4
87 4 Feb ’o <
Gray’s PtTer 1st gu gas 1947
Tol St LA W pr lien
101
874 89
g 3 4s. 1925 J-J
8t Paul do Dul bee Nor
87
89
87
4
Jan
’o7
Pacific
50-year gold 4s
87
87 4
1950 A-O
St Paul M dfc Man 2d
SI4 82
82
Tor Ham A Bull
82
6s...1909
ji bl
105*4 106 k 1065b J an ’07
82
lstg 4s./il940 J -D
1st consol gold 6a
1 05 1, 1 (In
If 5
95
1933
Dec’06
4
....!
131*4
131
J -1)
Jan’o7
109 4
Begistered
131 " 131
Vj
112
Dec’06
1st
1933
refund
g 4s...
1.104
134
1952 A-O
Lee’06
Reduced to gold 44a..1933
93
Uu Pac BB A i gr
108 lv> Sale
Sep ’06
108 4
g 4s ...1947 j-j
10s 4
11 108
Begistered
1014 Saio 1014
108 4
1933
ioi>4 138! 1014 i()2
107 4
Begistered
116
1947 j j
4 Apr ’01
Dakota ext gold 6s
100
Ore
4
Jan
1910
’u7
107 *8
By A Nav con g4s 1940 j -d!
-I 100 41014
tl
Mont ext 1st gold 4s
1067e Jan ’o7
it
100 *8 IOC7,
Ore Short Line
1937
4'
lstg Os.. 1922 F-A * 12.0 4
120 Z
Begistered..
120 4
1937
120 4126
100 4 Oct ’0*.
E Alum ist div 1st g
J-J
;i
5s..1903
Guar relund 4s
11-4 1 i 0
100 4 Dec HI6 ....!
1929 J-D
Nor Div 1st gold 4s
934 914 954
1948
( 1
914
Registered
1929 J D
G434'
Minn Union 1st
g 6s....1922
Utah db Nor 1st 7s
914 Oct ’06
1174 121
124
190.8 J J
103
MoutC 1st gu g 6s
May’«5
103
103
1937
Gold
130
103
132 4 133
103
Oct
1920
J
J
MG
Begistered
110
Uni N J'nh A C Co bee
J’nc’uG
1937
1 36 4
Pa BB
1st guar gold 6s
Mny’OO
Utah Central bee Bio
1937
113
Gr Wes
110
Will do b F 1st gold 6s..
Aug’06
Utah A North bee Un
1933
1154
Pacific
8tB it Nor Pao bee Nor
1154 Dec ’06
Pao
Utica A Black B bee N Y Cent
StPdc S’x
Sec
C
Al
City
St P
<fco
\/andalia consol g 4s .,..1955 F-A
B £e pres Jo Pli
> era Crnz
lstg 5s...1942 M-S 1064
1027, Feb’06
APlst gu 4 4&1934 J-J
107 4 Dee’06
8 A do A P bee So
96
98
98
Pac Co
Ver Val Ind A W bee
Sep ’00
Mo P
8 F tte N P 1st sink I
g 5s. 1919 J -J
Virginia .Mul bee South Rv
110
Say F do West
Oct’05
bed Atl Coast L
Va A Southw’t 1st gu
5s.2003 J-J
109
Scioto Val do Af E bee Nor do W
112
110
Feb’07
no
abash 1st gold 5s
\\f
1939 M-N
1114
113
Seaboard Air Line g 4s ...i960
» V
bale
113
LU
2d gold 6s
A-0
Ll 3
114
804
1939
F-A
Coll tr i el’iiml g os
804
5
894
102
102
804
1911 M-N
4
Feb
’(*7
824
Debenture series A
102 4 1054
:oo:‘
100
1939
;
J-J
4
Feb’07
Atl-Birm 3o-yrlst g 4s.el933
loo
95
Nov’06
1004
M-S
s7 4
Certificates of deposit
88 * Jan ’07
Car Cent 1st eon
88
83
g 4s... 1949 J-J
Series B
924
t..,1939 J-J * 70
u6 4 Xlar’OO
Fla Cen do Pen 1st
75
Feb’o7
g 6s.191
75 '
Certificates
of deposit....
1034
7)5 4
1st land gr ext
1074 Aug’06
7o
70
1st lieu equip s
Vo 4
g 5s ...1930
102=4
fdgos.,1921 M-S 102
Consol gold 6s
101
1st
lol
”
1943
lien 50 yr g term 4s.
101
1044 105 4 1094 Mar’05
101
1954 J J
Ga do Ala By 1st con 5s o
88
93
Det A Ch Ext 1st
1945
Mai’06
107 4
107 4 Jan ’07
g os.,1941 J-J
Ga Car do No 1st
108 4
Lo7 4 1074
108
gu g Os 1929
Jan
’o
Des5foin
i
Div
108
108
’1064
110
lstg 4s..1939 J-J
8eab do Boa 1st 5s
Jan’06
97
Om Div 1st g 3 4s
1926
Nov’Ol
1941 A-O
108
I
Slier bhr db bo bee Al K
Aug’OO
804 Sale
80
Tol A Oil Div 1st
db T
0 V
4
80
80 4
g
4s...
1941 M-S
bil bn Oca do G Nee Atl
St Clias
974 93 Lee’06
Coast L
Bridge 1st g Os. 1908 A-O
Sod Buy do bo 1st g 5s
102
Wab
1924 J-J
Pitts Term 1st g 4s. 1954
Jan’oT
102
102
102
Jan ’03
So Car do Ga See
J-D
79
2d gold 4s
Southern
78\
'/84 10 7 8*4 80
1954 J-D
So Pac Co—BB 1st ref 4s.
29 4 Sale
29
Warren
4
1955
bee
Del
94
69
294
Lae A West
29 4 32 4
4 95
Gold 4s (Cent Pac
95
20
04*8
94
95
Wash Cent Nee Nor
coll).^1949
89 4 Sale
Pac
894
894 'dl
88 4 "834
Wash O A W See
Registered
A1949
Southern
90
A db N W 1st gu
Dec’06
West Maryland 1st
g 5s....1941
102 4
g 4s... 1952 A-O
109 4 Feb’00
Cent Pac1st ref gu g
814 Salt.
Gen A conv g 4s
431949
814
81k
24
81
82 4
98*4 Salt .984
1952 A-O
984 351 9S
G7
67
Kegistercd............
West N YA Pa 1st
Jan M?
194-1
6»>
O'*
g 5s.. 193 / J -J
99
Jan ’07
Wort guar gold 3 4s..
1
14
j
99
4 1154 Ii5
99
Gen gold 3-4S
Feb'07
AT929
854 86
I14*i 1 15 4
80
1943; A-O
80
51 854 86
Through St L 1st gu 4s ’54
94
93 4 Jan ’(>7
Income 5s
96
U1943 No\
‘.*34 03 4
90
Gal liar db S A 1st
Dec’06
J
34
g6s.. 1910
West No Car See South
Feb’o?
34
34
1024
1
i05 4 Jan ’07
By
Mex db Pac 1st
105 4 105 4
W VaCentA P
g5s....1931 M-N 1094
169
Os..
1911
J
lstg
J-J
Gila V G db N 1st gu 6s.
Nov’06
104
4
106
g
4
Aur
’0
1924 M-N
Wheel’g A L E 1st g 5s... 1920 A-O Ill
106 4 J’ly ’06 ....!
Rous E & W T 1st
Wheel Div 1st gold 5s..
g 5s. 1933 M-N
109*8 Dec’*-*
105
192s J-J
107 4 Feb’05 ....I
1st guar os red
109
110
Ex ten A
1933 M-N
Dec’06
102
4
Imp gold os... 1930 F-A
104 'Aug’OO
H do TClst
g 5s intgu.,1937 J-J
1074
111 L Aug’05
BB 1st consol 4s
110 4
1949 M-S
Consol g 6s iut guar...
HO3,
Feb
’07
109
88
87
4 1104,
4 Jan’oT
1912 AO 111411214
20-year equip s f 5s ...1922 J-J
•87 4 87 4
Gen gold 4s iut
Lilian ’07
111 '112 ” Wilkes A East See
102 4 Dec ’U5
guar.. 1921 A-0
Erie
944
Waco do N W div 1st g 6s
9476 Jan ’07
92 4 947e
Wil A Sioux F See St P M
’30 M-N
A M
110
Dec’00
WisCeut 50-yr 1st iron
4s. 1949 J-J
88 4 Sale
88
88 4j 371 1 87 4
89
Last Sale
,
-
-
....
....
~
^
,
....
<
-
....
...
.
.
.
1
*
....
'
*
-
....
-
...
-
....
Reading Co gen
T
4s
-
1997
....
•
....
Sag Tus <fc H
.
-
bee Peru
-
.
^
-
-
....
....
....
;
..J
.....j
-
■
......
......
-
......
-...1
........
....
-
--
,
io/Okj
-
-
....
......
....
....
......
.
..
.
...
iOU;4
,
-
...
....
ninnutucturing
MISCELLANEOUS BONDS—Concluded.
A Industrial
Beth Steel 1st ext sf
5s.. 1926
Cent Loat her
20-year g 58.1925
Cousol Tobacco
50-yr g 4s. 1951
Distil SecCorconv 1st
g 5s.’27
Int Paper Co 1st con
g 6s. 1918
Consol conv s f g 5s
1935
Int St Pump
10-yr conv. 6s T3
J-J
95
9 8 76 Sale
75
Sale
89 4 Sale
106
107
90 4 Sale
101
96
Aug’06
984
764
I|
Miscellaneous
Adams Ex col tr
g4s
194S M-S
Am Dkifc Imp 5s " See
Cent N J
75
79
Am SSCooI W Va
88 4
g 5s
1920 XI -N
89 k 96 i sue
B’kl’n
F-A
1st cons g 5s ’48 F-A
1064 1064 25 I1C64 1084 Chic JcFerryCo
& St Yard col
J-J
90 4
g 5s. 1915 J-J
90 k
5
IK)
92
XI tfc XI id gr
Det
J-J
incomes
101 ‘Feb’07
1911 A-O
Knicker Ice (Chic) 1st
doo 101
g5s.’2S A-0
Hoboken L 6s L gold 5s.
97 4 Get, ’05
..1910 M-N
Lackaw Steel 1st g 6s;... 1923
Mad bq Garden 1st
A-O
100
Sale
100
Nat Starch MfgCo
g
5s..1919
M-N
100
24 100
102
lstg 6s 1920 M-N
Man Bch H &
89
82
82
Nat Starch Co s t deb
Lgeng 4s..1940 XI-N
Jan’07
82
5s..1925 J-J
824
Newp
Ne
75
Ship & D D5st(1990 J-J
72*4 Nov'06
Repub I & S lst& coltros.1934 A-O
X Y Dock
95
97 4 97
50-yr 1st g 4s.. 1951 F-A
11 b Lea in Co s f deb
Jan’07
97
97
g 6s. .1913 M-N
Provident
Loan Soc 44s. 1921 M-S
106
4
U S Realty & I conv deb
106
106 4
6 105
St Josepli Stk Yds 1st 4
g5s ’24 J-J
93 4 Sale
92
U S steel Cor]i—
4s. 1930 J -J
93 4 25
92
9 ;>
( coup .dl963 M-N
St L Ter
98-4 Sale
Cupplesbtat’n<fr Prop
Sf 10-60 yr 5s.
98 4
99
1 in
97
99
( reg ..dl963 M-N
4
Co
1st
g
98
44s 5-20
99 4
Va-C.ir (’hem col tr 5s
1917 J-D
99 4
1
97*rt 99 4 3 Yuba Wat Co con year..
98 4 99 4
g 6s.. 1923 J-J
\\ estinghouse E<fe M g..l912 A-O
984 Jan ’67
sf 5s ’31 J-J
984 9 84
Val Wat Works 1st 6s. 1906 M-S
bp
97
Sale
964
97
17
954 97 4 U S Bed & Ref 1st s f
No pnoe
g 6s. 1931
Friday; latest bid and asked this week. a
Due Jan
b Due Feb
d hue Apr «Due
A-O
F-A
A-O
98*8
44 i 974
8 1 75
1
102 4 103 4 102 4
99
10 102
102\
100*4 J’ne’02
•41
Oct ’06
108
70
J’ne’0,7
5u
Feb’o'.
103
92
93
Sep’06
92
Feb'0 7
99
XIay'06
100 4 bep’05
1
92
95
I
■
1
-j’iy’04
.
May
1024
.
pDueJ'ne
03
/iDueJ’ly
112
113 4 J’iv’OU
92
92
yDueNov
1..
i
2
1
.
92
95
sOntiou Sale
'***
Fed 9
Feb 19
Frtday
Feb 15
Thursday
Wednesday
Feb 13
Tuesday
Monday
Feb 11
Saturday
CHICAGO STOCK
EXCHANGE
Feb 14
tiange ior i're ions
Eange tor year
Sates
ot the
Week
Scares
STOCKS
LOWEST SALE PEIOES
STOCES—HIGHEST AND
Yearly
EXCHAN’GE—Stock "Record—Daily. Weekly and
CHICAGO STOCK
Year(1900)
190?
ltailronrin
•160
180
•150
5%
16%
28%
*4%
*15
28%
*5
5%
*17
17h
63%
63%
*65%
*25
40
25%
65
*60
*30
3 <4
•96%
97
30
•20
17
63%
87
27%
*67%
7(i
*30
40
25%
*24%
6%
54%
*31
•37
*108
*50
38
111
53
144
40
*24%
25%
65
106
122 % 123 %
50% 60%
6%
64 >
131
128%
7b%
109%
n
38
£
111
53
15
24
307)
"
ii
North Chio Street.... 100
Northwestern Elev..l00
Do
pref
100
South Side Kiev
100
StreetsW Stable C L100
Do
100
pref
100
West Clue street
'*4 i
15
6u
Jan 31
5*4 Jan
lb1* Jan 25
00
Jan 10
85 % Jan
26
Jan 30
67 % Feb
38
Jan
Jan
25
J an 23
62
Feb 4
So
Jan 24
32
«
02
6%
140
W
fcd
H
123
ft
50%
50
ti
Last
Last
Last
84
85
84%
xllSasUS3!, *115%
84%
117% 117%
85
*83
*115% 118
83
84
117
85
•115% 118
'
*115%
55%
♦56
65% 55%
93%- 94
94
94
1 10% 11 1
111% 111%
*145
150
•145
150
102
1U2
*101 % 102
'1%
1%
1 %
1 %
8
8
8
8%
*25% 27
*25% 27
llu% 111%
r
145
102
145
102%
1%
7 >
1%
7
27
•"G
BONDS
CHICAGO STOCK EXCH’GE
Which Enoi.su Fkb 15
1910
F-A
J-J
Amer Strawboard 1st 6s.. 1911
J-J
Cass Ave «fe F G (StL) 5s. 1912
J-D
Chic Board of Trade 4s ...1927
Chic Consol Br <fe Al lt 6s ....
Chic Consol Trac 4 %s
1939
Clue Edison debent 6s....1913
1st gold 6s
/i.1926
Chic Auditorium 1st 5s... 1929
1929
Clue Dock Co 1st 4s
Clue No shore Elec 6s....1912
Clue <fe Mil Elec Ry 5s ....1919
ChicPneumTool 1st 5s .al921
Chic Rock I & Pac ltR 4s.2002
;..1913
5s.51943
1928
Co 5s. 1913
Kmokerb cker Ice 1st
Lake Street El 1st 5s
M-8
M-S
J-D
M-N
5s.1928
1928
A-O
J-J
Feb
F A
1945
1916
Pearsous-Taft 5s
4 *4 Os
4*60s Senes E
4-80s Senes F
...
People’s Gas L& C
Refunding g 5s
Chic Gas Lt* C
1st 6s. 1943
1947
1st 5s..1937
Consumers’ Gas 1st 5s..1936
Mutual Fuel Gas 1st 5s. 1947
South Side Elov 4 %s
1924
1914
Swift & Co 1st g 5s
Union El (Loop) 5s
1945
Union Pacilic eonv 4s ....1911
U nited Box Board 6s
West Clue St 1 st 5s
1928
1909
Tunnel 1st 5s
Debent 6s
Consol g 5s
West Div City Ry 4
West’rn btoneOo 5s
1914
1936
%s.,1932
1909
.T-J
J-J
J-J
A-O
M-N
M-S
M-N
J-D
M-S
101
100
98
Feb
Jan
5
4
Feb 13
Feb
J-D
80% Sale
"""102’
87
:
*92
90% Sale
83% 83%
*76 Sale
90% Sale
*93
97
*97
*98
*99
*102
99%
70
M-N
F-A
J-D
M-N
J-J
A-O
Feb’06
J’ne’OG
No Butte
shannon
aqcc
NO.
Sale
99%
Sale
95
High
5
1,204
125
67
Son
1,970
495
57
92% Jan *21 95
109 hi Feb 2 113 h2
134
Jan 24 149
101
Jan *2 102%
1%
1
Jan 2
8%
6
J an 2
30
‘25 hi Jan 18
101% 101%
79
80
102
90
98
80%
101
Jan 16
ceu 7
Jan 10
Jan 31
Jan 7
Feb 14
28
101
77
102
102
Nov ’06
92
16
Jan ’07
May’(>5
90%
90%
83% Feb’07
Dee’OG
yO
81%
Aug’06
17
102%
98
98 %
90
93%
90
90%
83%
85
20
3
.
28
75
75
90%
90%
90%
93
93
92
93
100% Mai’06
Feb’07
97** ‘*8*7**
Oct ’06
104% Jan ’07
102
102
103 %
Feb’06
100
100
10 2
Jan ’u?
Nov’04
70
Dec’oG
102 % 102 %
104% 104%
102
102
yy% 100%
102
102%
9y
99
70
75
sep’05
Jan
’07
Dec’06
87
96% Jan ’06
Englewood State .
National.
Fort
Dearborn Nat
Kaspar btate
Monroe
Bank....
National.
Alutu&l Bank
Nat Bank of Republic.
National Live Stock...
North Side State Sav..
Oakland National.
Prairie National..
70
75%
200.000
600.000
200,000
500.000
8,000,000
100,000
500,000
1,000,000
36 hi Mar
29% J’ne
7% J’ly
14% Alar
3 hi J’ly
85 « Feb
6
Feb
Bank of Chicago,
State
stock Yards Savings..
Union Bank of Chicago
Union Stock Yds State
Trust * Savgs..
Central Trust Co of Ill
Chicago Sav Bk & Tr..
Colonial Trust & Sav..
Drovers Trust <fc Sav..
First Trust * Savings
Illinois Trust * Sav..
Kenwood Tr* Savings
& sav..
Merchants’ L’u&TrCo
Lake View Tr
Metropolitan Tr & Sav
Northern Trust Co Bk
Peoples Trust * Sav..
Royal Trust Co
Stockmen’s Tr& Sav..
Union Trust Co
Western Trust & Sav.
W Side Tr & sav Bk..
Wood Lawn Tr&Sav Bk
250,000
200.000
200.000
3,000,000
2,000,000
n
500.000
600,000
200,000
£2,000,000
4,500 000
200,000
200,000
3,000,000
750,000
1,000,000
1,000,000
200,000
200.000
12
Q-J
Q-J
Q-J
Q-J
Q-J
27.U8U
8
329,085
229.804
75,95b Began
6,787,318 1112
10
139,546
Pnv
618,233
6
360.145
171,371
be added to all Chicago
6
12
6
8
„
„
^ m
.
.
Q-J
basin
i2
,
i an
10+lU
n
Jan
ess
eel
Q-J
Q-J
Jan
Jan
ate Ba nk
6
o-.r Jan
F-A Feb
10
8
.
Jan
Jan
Jan
Jan
Jan
Q-.J Jan
3
....
7 % ,1’iie
Q-J
Jan
Q-F
Nov
Jail
Jan
Jan
Jail
Jan
’06, 2
’06, 6
’07. 6
’07. 3
’07, 2
’07, 1%
’07, 3
’07, 1%
’07, 2
’07, 1%
16.1905
’07, 3
’07, 2%
’07. 1%
’07, 2%
’07, 2
’06.
i
’"7,
’07,
’(>7.
’07,
’07,
4%
1%
_
3
22,097
,
6
6
1,300,660 12+3
6
28.441
6
230,365
66,596
8
57,673
12+3
6
6
Q-J
Q-J
Q-J
Q-J
3
1%
1%
’07, 2c
’07. 2
July 3, 1906
8,55y Began basin
Jan
’07, 1%
Q-J
5
4
258,730
Deo ’06, 1%
8 v
b
964,483
1138
8
8
235.950
Q-J
Q-J
Jan
Jan
ess
3-J
2147,573
None
234.436 Began Alay 1, 19" 5.
6
Q-J Jan
243,391 None
8
Q-J Jan
8
2,387,871
949.113
5%
7
Q-J
81.153
538.098
69,561
714,520
5+5
6
10
6
Q-J
Q-J
7,122,045
12 + 4
n
2 33,7 66
$22,167
4,057,534
331,480
1,500,000 21.723,236
250,609
200,000
500,000
200,000
t>ec
4,306.171
277,421
1,150,471
250,000
200,000
Dec
J-J
J-J
24,982
200,000
250,000
2,000.000
1,000,000
1,000.000
Q-J
5
10
2,5Si,338
286,388
250.000
C500.000
300,000
H
2128.937
200,000
50,000
100.000
8
5
10
12
8
6
12
6
8
2,101.49;
6% Feb
hi Mar
44% Feb
14% Alar
2<>% Nov
4% Oct
85 % Feb
36
Last Paid
1905
i-erioU
$36,365
Alar
Ueconi
In
19(.6
$1,217,874
500,000
1,000,000 2i.055.778
Railway Exchange....
Amer
99% Sep ’Od
118
Nov *06
102 % Jan ’(>7
Continental National.
Prod 1st
.2
Dec
Comoanies
In
2514,336
28,673
876,545
292,558
.
_
-
-
12+4
..
.
6
Incor
11
8
porale
Nov
Q-.J
Q-J
V-J
....
Jan
’0 7,
oan
’07,
2%
1%
’07, 3
’07, 1%
lb, 1905.
Jan
’07, 3
Dec '06, 1%
Jail ’07, 2
Jan
Q-F Feb ’07, 2
d M arcJi, 1905
6
6+1 Q-J
ess
18,553 Began busln
1 6 Q-J
222.762
$
Jan
’(>7, 1%
’07, 2
’07, 1%
Jan
.
orga uized
12
12
6
6
8
8
bond price s.
U Dividerds are paid Q-J, with extra payments Q-F.
ji Inclndes special dividend of 30% paid Dec. 18. 1906.
t Jan.
and .Tan. 28, ’o7 for State institutions, except those marked with a t$), which are of date Nov.’1*2, ’06, and Nov. 13.’06,
t No price Friday; latest price tins week, a Due Dec. 31. Ii Due J uue. c Capital increased Jan
sales were made ou tins day.
dividend of 30 per cent being"declare^aud to be taken as"part payment for new stook.
h Dne July. tc Cue million dollars
surplus account to capital, making latter $2,000,000. n Capita, and surplus to be increased. 0 Capital to be increased to
Note.—Accrued interest mns t
no
‘
Jan 22
Surplus «f-
100,000
500,000
0 2,000,000
4,000,000
50,000
3,000,000
Pullman Loan & Sav..
75
72
18% Jan
$2,000,000
Prairie State
90%
114
70
95
68 %
32 % Jan 24
ing
First National....
Dec’06
Jan ’07
97
99
32 hi Jan *24
Stock t
Federal
Ayr’04
99%
NAME
Bankers National
Calumet N ational.
Feb
80
93 hi AI ay
Aug 63 hi Dec
99
Sep
92% No\
I 9 % Sop
101% Jan
52
\*J an
1 5
Muj
99 % Dec 106% Fell
2%
Jan
% Dec
7 % Jan
5% Dec
10
-
Nov’04
79
75
Jan
Dct
50
Jan 10
Jan *26
15
Cook Co State Saving
Corn E change Nat..
Drexel State
Feb’06
79%
Nov
Nov
Jan 112
Feb 3 I hi Dec
5% Mai
20
Chicago City
96% Jan'06
72% Dec’06
72
Low
Jan
81
.
Jan 21
55
Outstand¬
Eange
lor year
1907
Apr’o4
102% 102
99% 99
A-O
M-N
55%
7%
Jan
Nov
88% Ply
70
Mar’06
Nov’06 Biack Mountain
Jan *0? Daiy-WeM
Nov’06 Hubbanl-Elliott
Jan
Sep
M ay 48
46
11
2 hi Fe u
1 % M ay
23
23
Alar
J’ne
21
25
Feb 6
9 -j 1 ieo
62
May
86
Jan 14
Oct
117%Jan 7 113 hi Jan 119
96
Mar
78
Jan
84% Jan 11
Dec 122% Mar
120
Jan 17 112
26
Adventure Con
10
19
4
So
High
87
M-N
M-N
101
A-O
M-S *
101
104%
J-J
M-N
J-J
J-J
Jan’07
Dec’06
100%Nov’0U
101
Jan’07
M-N
Income 5a
1925
Metr W Side El 1st 4s....1938
Extension g 4s
1938
Nonli Clue St 1st 5s
1909
1916
1st 5a
Refunding g 4%s
1931
No Chic City Ry 4 %s ... 1927
North West’n El 1st 4s... 1911
Ogden Gas 5s
103
67
J-J
J-D
J-J
J-J
J-J
56
52%
99% May’06
101%
101%
101
Mar’Ob
99%
101%
A-O
F-A
A-O
A-0
Mar’06
Feb
00
J an
IHvi dend
Last sate
Ask Low
Sid
Illinois Tunnel 6s
Kans City Ry & Lt
Apr
46
Jan
2 hi Jan
Chicago Banks and Trust
Weekls
Eange or
Price
liiaay
led 15
Ii
57$
Record
Chicago Bond
CollatTrust g 5s
Commonwealtli Elect
23
40
Feb
113 hi J’ne
64
Feb
May
May
168% May 175
16 % Feb
16
Feb
Alar
1
Mar
1
Jan 9
Jan
6
Nov
Jan 9
6
165
Feb
J’ly
148% Jan 11 136
Feb
63
48% Dec
Feb 8
51
J an
Apr 139
118
Feb 18 iol
Jan
Mi* 4 118
108
Jan 3 103
bet»
J’ne 147
1‘24 hi Jan 5 118
5o%Feb 9 41 hi Sep 7L% Jan
115*» Feb 5
100
Western Stone
Oct
M a>1 35% .Vitv
J’ne
Dec- lo2
iHiuing
Last Sale
Last Salt
Last Sale
Last Sale
Last Sale
Last.sale
Last Sale
Last Sale
Biscuit 6s
29
29
30
28
Oct
Oct
27
97
54
101
17
36
106
56
3 80 hi Jan 14
Jan
107 Jan 25 109
Jan
JaD 2 36
30
38
hi
Feb
1
Feb
37
8
Feb
Jan 22 111
107
50%Jan 7 54 Jan
ZJ5%
% Mar
40
6>h> Feb
93 hi Feb
30
J’ne
7‘2 hi Nov
Mar
85
28 % Feb
OS % Mar
99
J ’no
5 5 hi
Jan
25
715 77
11 115%
8<*
Do
prer
100
Feb’07
6%
Ala>*’06 Page Wo Wire Fence....
09%
J’ly’06 People’s Gas L«fc C’kelOO
*55
65% Sears Roebuck com. 100
Do
*93%
94%
prel
100
100
110%
110% Swift * Co
110%111
The
*140
146
(Quaker
Oats
Co.
100
145
145
Do pref
100
*101%
102
102
102
1%
1% Unit’d Box Bd& P ColOO
*1%
1%
Do pref
7%
100
7%
7%
7%
27%
J’ly
Mm
Jan
11 %
6
J’ne
6% Feb
51
J’ly 72
Feb 14
Feb 130
132
Jan 30 115
Jan
136
Jan 15 121 % Jaji 16 i 28 hi Dec
Jan 25
JaD 30
46% Jan 31
2 hi Jan 23
100
Feb’07 National Carbon
84
j’ly
4
79% Feb
Jan’07 Masonic Temple
Jan’07 -uii<fc Chio Brew’g
Do pref
Feh’07
National Biscuit
100
84
Do pref
..100
*116%
116
116
Sale
Sale
Sale
Sale
56% 55%
94
94%
39%
7 *4 Jan
28 % -I an
6 •
M ay
13% pi*ii
25
Mai
23 hi J’ly
60
May
89 4 Apr
Jan
25h: Jau ‘25
64 % Jan 15
90
Jan
34
Jan 16
98
Jan 21
27
Jan 11
1
Jan 9
6
Jan 9
Jan 29
160 140
66 44% Jan 31
87 115 hi Jan 2
166 106
«ian21
1,859 119 % Jan 24
273 4434 Feb 1
Sale 45%
Salt 2%
Salt 25
84
85
Last
Last
Last
Last
85
♦
-
65%
94%
***
Jan‘24
Jan 15
40
36% Feb 14
26 hi Jan 8
925
4%
710 50
10 129
128 hi
286 76
J an 16
Jan 17
87
28
72
Dec
Dee
12 hi
54 hi
8 >
25
65 %
19%Jan
65
15
5
5
Jan 24
15
Jail 24
46 hi Jan
5% Jan
Jan 24
Jan 24
.
0
0
1%
122
84
117
•82
Amer
5
04
1,687
100
6%
6% American Can
6%
6%
6%
6%
Do
pref
100
64%
55%
65 % 66 %
65
65%
Amer
Radiator
100
132
132
*130
132
132
*130
Do pref
100
Z-'<9%
Jan\»7
Last
Sale
*1274128%
*76
76% Amer Shipoldg
100
78% 78% x 7 6 % <7
Do
pref
100
Last Sate 107% Feb’07
Amer
Straw
Board
Jan ’07
Last bale 30
•31
Booth
38
38
&
100
(A)
Co
*37
38
•37
Do
Feb’07
pref
100
Last Sate 111
111
*108
Feb’07 Cal <fe Chic Canal & D100
Last Sate 54
*50
63
May’06 Central Trust Bank.. 100
Last Sale 175
Mar’06 Chioago Auditorium
Last Sale 16
Jan ’07 Chio Brew’gtfc Malt'g
*1
1% Last Sale l
Do pref
Jan ’07
6
*6
6% Last Sale
Chic Edison
100
140
140
140
140
*140
144
Chio Pneumatic Tool. 100
47%
48
*47
48
48
48
Chic Telephone
118
100
117
117% *116
118
116
106% Cluo Title & Trust... 100
106% 106% *105% 106% 106
Diamond
Match
100
124%
121
122% 122
123
121
100
49% Illinois Brick
49
48% 49%
60
60
Nov’05 Knickerbocker Ice... 100
Last Sal* 3f%
Do
Feb’06
100
pref
Last Sale 80
J’ne’04 London & Chic Contr....
Last Sale 17
Manufacturers’
Fuel
Dec ’04
Last Sale 9
\r
*55
94%
Last Sale 62
85
*85
85%
Last Sate
*96
96% 96%
*20
26
26
32
97
30
•20
Jan’07
J an ’0 <
Jan ’u7
85
JAn *o 7
97
30
Last sale to
Last Sate 15
85%
*96%
48
116 ‘ *il5% 115%
106% 106% 106%
116
♦
*30
30
*6
140
6%
-6
69%
*60
85
*30
F
•140
•47
87
27
69%
97
*1
1%
*1
63%
HO
Miscellaneous
64% 55
•
130
131 1*130
*
• 124% 128%
78
78% * *77
*108
110
•31
*86%
•108
•50
18
*17
63 %
*86
*25
65
87
32
*GO
*85
*30
97
*20
0%
6%
•85
*25
63%
27
69
•24
5%
5
*14
*
13
prel
100
100
28% Chicago Subway
Feb’07 Glue Union Tract....100
Do
pref
100
Jan’07
63 %
63 % Kans City Ry & Lt ..100
63% 64
Do
100
Jan ’07
pref
Last Sate SO
Jan ’07 Metropol W s Elev.,100
LastSaLe 26
Do
*68
69%
pref
100
*68
69%
13
16%
28
28
0%
Last Sale
Last sate 16%
27%
28%
5%
28%
*5%
29
100
Do
*15
16%
♦15
16%
28%
4
5%
*4%
5%
*4%
*5%
•15
>6
*67%
*30
180
•4%
Jan
Sep 000
140
100
Oct ’06 Chic City Ry
Chio Pass Ry
Cine & Oak Park
4
Last Sale 14.0
180
*150
Highest
Lowest
Highest
lowest
Jan
bep
Jan
’07. 1%
5, 1906
’07, 1%
26, ’0*7BidforandNational priBanks
respectively.
ccash
es;
from
$250,000,
a
1.1907
transferred in Dec
$3,000,000.
906 from
*
*
*
BOSTON STOCK EXCHANGE—Stock
(Record,
rthare
Saturday
Monday
Feb 9
leb
103 ’*4 103=
*91+
234
235
*149
15U
•i'eo"
27
11
Price*—Mot Per Ceatnm Price*
Tueeday
Wednesday
Feb 12
Feb 13
104
104
*9*4 99 4
235
150
230
160
16 i'
165
S06
*
2354
150
230
160
165
►
27
76
27 4
76
156
il8*‘ il*8*
118
188
188
►133
►105
*89
91
138
•106
*89
138
•105
*89
*19” *1*9‘sj *19** *1*9*4
69
*237@
•684 70
-234 244
1834 184
*
217e
1834 184
199
93
100
*172-4 1724
200
45
93
100
*91
’
91
*100
*93**
*93** *93*
*24
94
12
30
108
20
24
94
12 4
94
30 4
1334 135
130
i
108
131
284 1284
*32
32 4
100
1004
*i 1*0” i Vi4
90 4
108
114
24
94
12
4!
30
3<»4
135
1374
130 4 i30**4
128 4 129 4]
32
32 4
994 100
iVi
93
...
94
94
114
29 4
12
30
104
284
114
*32
100
1374
134*4 136
131
131
128 4 A 2 8 4
1004
•iid’i i’iu*4
101
644
161
65
86 4 85 4
*203
*4
•67
89
124
:
►
1094
171
-104
111*4
111
Jl
•26
22
27 4
*34
3*4
106 4
•284
63
28 4
444
45*4
105
6
54
*65
69
112 4 112 7fe
47
47
72
72
18
13
10
171
lu6 4
6
60 4
54
W
3
106
63
11
111
22
27 4
*
4
34
1064
63
284 284
464 47
1064 loo 4
6
6
32
•23 4
94
10 4
30
131
129
32 4
84
8*2
226
225
106
63
...
94
128
224 224
*84
8»4
225
225
*21
*26
Last Sale
Last Sale
|*200
684
Jan’07
183*4
184
159 4 Jan’07
226
Feb ’0 7
*200
52
Jan’07
56
Jan’07
1834 184
94
137
131
i'ii*
*10 4
111 -4
*68
69
67
Last Sale 25-4
Last Sale 94
Feb’07
*100
100
100
*17541764 175 175*4 1754 1754
894 90 4 Last Sale 93
Jan ’07
Last Sale 170
Feb’07
93
93
92 4 92 4
93
93
108
108 4 108 41084 108 4
109
LasiSaie 27*4
Oct ’06
Last Sale 60
Oct ’05
Last salt 14?
Jan’07
1734 173 4
*89 4
*107
19
69
25 4
200
149
149
149
149
230
230
160
160
*i0O
Last Sale 165
Jan ’07
305
3004
3004
*20
274
264
27
76
75
165
155
*154
165
118
IIS
Last Sale
Last sa le
*89904
93
91
1834 184 4|
199
45
*91
*
....
19
69
>24 4
694
EXCHANGE
Feb 15
Boston Elevated
Boston A Dowell
Boston A Maine
32 4
26
94
10*4
27
28
135
130 4
1364
127-4
1284
131
32 4
100
Do pref..,.
100
Mexioan Central
100
N Y N H A Hart....100
Northern N H
100
.Norwich A Wor preflOO
Old Colony
100
Fere Marquette
100
Do
pref....
100
Rutland pref
100
Seattle Electric
100
Do
pref
100
Union Pacific
100
Do
pref
100|
Vermont A Mass....100
West End St
50
Do pref
50
Wisconsin Central... 100
Do pref
100
WoicNashA Roch.,100
76
155
118
188
54
64
05
*44
162
2
7
Jan
Jan
Jan
Jan
|
Lowest
66
45
'To
93
100
165
300 4 Feb 15
Dec >25 7 4 Feb
Aug-160
160
120
188
Jan 17
Jan 2
Feb 13
Feb
Jan
110
Jan 23
57
Jan 24 45
Feb 5
94
Jan 4 103
924 Jan 14
170
211
Decjl8U4 Apr
164
Oct
Jan
156
Oct
Oct
Oct
Oct
132
95
89
197
17
Jan
Dec
109
60
47 4
65
95
Jan
Nov
Jan
Jan
7 1394 May
Jan 15
91
Jan 30 170
J an 25
92
Jan 7 107
MaySep
Dec
102
Jan 16 147
224 Feb
26
Jan 19
104 Feb 16
96
91
Jan 16 160
Feb
Jan
Feb
J’ly
8
7
6,093
143, Jan 8
Feb 15 33
4,066 27
Jan 8
4,927 12934 Jan 80 137 4 Feb 11
321 130
Jan
131*4 Jan lb
3,3 31 127 Jan 17 134 4 J an 2
90
304 Feb
304 Jan 7
433 99>a Jan 31 1024 Jan 8
21
90
28 4 Deo
2o7 4 Jan
163
Feb
233 4 Mai
210 Jan
53 4 oct
65
Oct
64
Jan
0;<
Oct
106
Feb
195
Sep
99*4 Jan
178
Apr
101
Jan
Sep 1164 Apr
254 May
147
1754Maj
1174 J’ly
187*4 Nov
T58
285
JaD 18
Jan 24
Jan 21
Jan 7
1824Jan
93
Jan 30 170
904 Jan 18
113| 107
2 i
*4 Dot
i 5ii 4 F®‘b
Dec
104 Dec
26
128
130
128
28
Aug
May 15678 Jan
Dec 141
474 Jan
100*4 Dec 1104
Jan 15
4
Jan 15
3*4 Jan
44
$110 Jan 10 115 Jan 10 115 J’ly 118*>4
164 Jan 31 24*4 Jan
34
Nov
21*4
84 Jan 26
94 Jan
Feb
230
Jan
JanJ6 162
Jan 24
61*4Jan 2 66 4 6 an 1
844 Jan 28 86 J an 1 a!
199
Jan 2 205
Febi4
4
Jan 22
434 Jan 19
56
Jan 7 68
Feb 14]
xil
Jan 30 90
Jan 12
120
Jan 23 126 Jan
Jan
J’ly 1444 Jan
Not
4
225
156
jan
Apr
2994 Ddc 314 4
2S*4 Jan 2 25 Jan 394 Apr
Apr
80
Jan 23
724 Jan
Jan
Jan
090 16934 Jan 30
It iy nest
SO 4 J’ly
.IH14 Sen
c'J74 Lee!lo.,4jan
-30
14/
Feb 16 198 Jan 11
Mai
17
Jan 4 20 4 Jan 9
Jan
07
J an 4 714 J an
594 Jan
2534Jan 3 254 Jan
214 Aug
519 183
Jan 22 1904 Jan
190
J’iy
159 4 Jan 22 160
Jan
155
Sep
226
Feb 2 226
Feb
228
J’ly
13 1974 Jan 26 2004 Jan
198
Dec
62
Jan 16
62
Jan 16
53
Sep
60
Previoxn
Dec 246 4
i97*4
...
W
L52
231
8(280
Janl8 135
8
81
2394 Jail
Jan
125 132
107
32 4
10041004
100
Last Sale 1
Jan’07
11041104 110
110
Cumberl Telep A Tel 100
*
22*4
22 4 Dominion Iron A St....
*8 4
9
84 East Boston Land
225
225
235
225
Edison Elec Ilium...100
1604 161
1604
160 4 General Electric
100
65
65 4
65'4
66*4 Mass’chusettsGasCoalOO
85 4 86
85
Do
85
pref
100
205
205
205
2U5
Mergentnaler Lino.,100
*4
4 4
•4 4
44 Mexican Telephone.. 10
674 68
66 4
66 4 N K Cotton Yarn ....100
90
90
Do
pref
100
♦122
134
N E Telephone
lOOj
Last sa It
Nov’OG PlantCom t’st stir com 100
Last Salt
Do pref
Sep ’05
....100
171
171
171
Pullman Co
100
204
Last Salt
Feb’07 Reece Button-Hole.. 10|
1114 1114
1
1114 Swift A Co
100
*2*22
LasiSaie
Jan ’07 Torrington Class A.. 25
Last sale
■Dec ’06
Do
pref
25
*3 4
3*4
3;4 Union Cop L’d A Mg. 26
110
1064107
107
United Fruit
..100
681
03
63
64
Un Shoe Maoh Oorp.
446
25
28 4 28 4
Do
284
pref
26
260l
45 4 40 4
46 4 U S Steel Corp
i
__100 11,932
105
1054
10.# 4
Do
pref.
.100
844!
Last Sale
Dec’06 West End Land
26
8
8
West Telep A
8
*88*6
Teleg.100:
Last -iah
Jan ’07
Do
pref
...100;
Last Salt
Jan ’07 Westing El A
Mfg
60
Last Sale ?o#
N’ov’UO
Do
pref
60|
”*84
[j
Huffiest
Jan 15
Feb 2
Jan 7
Jan 22
Jan 3
Jan 10
Jan 15
Jan 24
Feb 14
Jan 16
Feb 13
tor
Year(1900)
997fe Jan 3U 107 4 J-‘tn
Feb 7| 1014 Jail
165
Miscellaneous
Amer AgricuJL Chem.iOO
Do
pref
.....100
Amer Pneu Serv
60
Do
pref
50
Amer Sugar Refin.... 100
Do
pref
100
Amer Telep A
Teleg.100
Amer Woolen
100
Do
uref
100
Boston Land
10
Lowest
298
25
S Y100
Runye
1907
98
226
149
230
169
pref
*U
OlnoJunoRy
Do
Year
1or
‘
’
86
Do
pref
100
Boston A ProvidencelOO
Boston* Wor Bleo Co.
Do
Ranye
Sales
of the
Week
Shares
100
100
100
pref.
100;
Con* MontClass4..100i
Last Sate 158"' NoV’06 Conn A
Pass Riv pref 100
Last Sale 280
Feb '07 Connecticut River... 100
18341334 1834 135
Fitchburg pref
100
Last Sale 10?
Feb’07 Ga Ry A Electric....100|
Last sate 90
Do pref
Deo’06
...100
1974 1974 Maine Central
100
*12
19
194
19
Mass Electric Cos
100
1334 133 4
91
Friday
Feb 14
149
230
160
165
*300
26
27
70
STOCKS
BOSTON STOCK
liailrondM
104 *4104 4 10341034
*104*4
104*4 Atch Top A Santa FelOO
*99 4 100 4 Last 3a It 9S
Do
Feb’07
pref
109
235
235
♦235 4
•235
Boston A Albany
100
149
230
160
3004 3004
27*2
70
Thursday
Daily, Weekly and Yearly
6*4 Jan
10
Dec 250
Dec 184
May 64 34
844 Dec 9u
190
Mar 21u
3
Jan
54
27
Mai
00
80
Mai
90 4
126
Dec 141 4
226
157
44
4 Not
Hie
Feb
J’DI
Mai
Apr
Aug
Jan
oct
J'ni
Sep
Deo
Sep
Nov
Nov
Apr
Jan
1684 Feb
Jan
iso" Dec 20 Vi Nov
182
104 Jan
11
Jan lo
9 4 J an
11
Dee
1094 Jan 311 113 Jan ib 10 L*4 J’ne| 120 sep
214 Jan 23| 22 4 Jan 12
22 4 Dec
23
Feb
26
J’ly 27 4 Nov
2
34 Jan 31
J’nel
5 4 Deo
64 Jan 24
106 Jan 18 1084 Jan
1034 May! 113*'4 May
61
Jan 24 69
Jan
|z60 4 Dec' 80 8 Feb
28
Jan
42 4
Jan 31
104
7
29
Jan
60*4 Jan
Jan 30 107*4 Jan
”y" Jan
**9’*
Jan 12
78 Jan29l 82
Jan 17
784 Janls 784 Jan 18
28 4 Dec
•40
8
79
Jan
Not
Not
734 Oct
75
Mining
32 •■‘s J’ly
32*4 J’iy 50 *e
99
J’nel 1134
Nov
Oct
Feb
75
Sep
17 4 Jan
98 u Jan
80
Feb
98
Jan
Adventure Con
25 1,195
44 Jan 14
69
09
8 4 Oct
44 Dec
0i8Jan 2
65
68
Allouez
25
112 4 114*4
186 664 Jan 2 744 Jan
1164 1134H5
1144
l4| 314 J’ly 65 4 Deo
1134
Amalgamated CopperloO 19.876 1104 Jan 3o 121
41
48
Jan
92
47
48
4 J’ly LlS Feb
47
48
47 4
Am Zinc Lead A sm. 26
724 72*4
1,030] 434Jan 4 53 Jan 22
8°s Aug 1|4 5 Deo
Anaconda
13
25
66 68
13
Feb 1 72*4 Feb 11
67
13
4 May 74 Fob
14
12-4 13
13 4 Arcadian
124
26 4,945 10
1
*14
Jan 9 16*4 Jan 16
*14
2 4 J’ly
14
15 4 Nov
1 4
hast Sale Z4
*14
Jan’07 Arnold
25
*16
16
17
17
14 Jan 30
2
Jan
17
17 4
17
70 J’nel 2 4 Deo
17
17
Atlantic
17*4
31
26
14
314 314
Jan
17
1,816
314
81
194 Jan 24
314
10*4 Mad 28 4 Jaa
3034 304
31
31
Bingham Con MinAS 60 1,802 80 Jan 30 37 Jan 14
*•70
-75
•70
-70
*
26
♦
•7o
•70
*75
J’ly 49 4 Feb
•76
Bonanza (Derv Co)... 10
30 4 303fe
100 70 Jan 7 80
304 3U34
45
Jan
17
31
90
OCt
314
May]
*304
314
31
304
37 *4 38
38
38 V*
BostonCouCAG(rcts) £1 4,247 23*4 Jan 31J 334 Jan
204 Mail 35 4 oct
384 384
304 384
37
Butte Coalition
374
192
19i
15
192 4194
34
10,165
4 Feb 41 .■(94 Jan
25
193
lyo
192
J’ly 42 OCt
192 4
190
192
Caiumet A Ariz
950
10 2.964 177
960
959
Jan is 108
960
107
Feb
969
960
960
J’ly 184 Deo
070
975
1000
Calumet A Hecla.... 25
46
453,
45 4 46
177
895
Jan.
5
676
Feb
1000
15
464 46
*44
May] 90u Deo
454
444
444 Centennial
61
25 3,350] 38
•50
-51
-60
Jan3o 46 Feb 11
•60
•51
174 J’ly 404 Deo
•60
-60
•50
•51
Cons
.Mercur
93 4 9441
Gold...
6
93 4 944
1,108 46
Jan s 52
Jan 19
•35 Dec
70 Jan
96
95 4
934 95
04
95
Copper RangeOonColOOj 7,847 844 Jan 2 106 Jan 14 6034
194 19 4 *19
20
804 Jan
19 4 19 4 *19
194 194
J’ly.
194
Daly-West
20
250
61
61
184 Jan 30] 204 Jan 23
14
63
03
Mar] 21 4 Nov
Dominion Coal
100 60
100
Feb 5 64
Jams
614 Oct 84 Feb
Last sale 110hi Feb’07
Do
pref
100
24
24 ’*•*2*4
118
24
1097a
Feb
1
Jan
114
12
3
Nov 122
Mai
24
24
24
3
Elm River
*24
12
350
274 27\
27*4 28
24Jan 3
3 4 Deo
27 4 284
44 Jan 10
14 J’ly
204
Franklin
274
27
26*4
4
146 4 14b 4 148
26 6,901 234 Jan 3u 29
149 4
Feb
14
160
0
150 4 149
4
2o4
May
Sep
149
149
149
Granby Consolidated-lOOi 1,109 130 Jani9 151 Feb 8 131 Dec 140
313s 314
314 33*4
Deo
324 33 4
314 324
32
33
Green* Consolidated. lOf
4 4
44
26,467 294 Jan 21 334 Febl3 194 J’ly 3.v4 Deo
44
4°e
Guanajuato
'*30** *30*4 30 4 3u7e
Consol..
6
050
4
4
Jan
4
31
54 Jan i 1
44 Jan
31
74 Jan
294 30
Isie Roy ale
30
294
28 4 29 4
27
(Copper). 26 1,670] 27 Jan 2 36 4 Jan 14 164 J’ly 294 Jan
284
27
28
264 27
25
264 La Salle Copper...2.. 25 9,668 25 Feb 15 30 Feb 8
8
8
84
84
84
84
84
8 4 Mass Consol
25
8
14
1,390
Jan3r
9 4 J an 10
14|
0 4 J’ly
1
1
12*8 Jan
*1
1
14
1
Maytiower
144 144
26 1,410 98
Jan 9
144 144
14 4 144
1^, Jan 24 •4o J’ne;
14 Jan
144
14
144
14 4 Mexico Cons M A 8... 10 2,471
4
22
22
22
22 4
18
Jan
2
15 *4 Jan 24
13
22 4 224
Nov
144 DeO
214 22 4
214
22
Michigan
26
914 92 4
2,636
ii
204
Feb
24
93
4
22
Jan 16
10*4 J’ne
93
’-i DeO
034 93 4
93
92*4
Mohawk
2
2
25 1,103 82
Jan 9; 96 4 Jan 14
2
*>
644 Mai bo Dec
H*ie
2
2
14
MontanaCoal A Coke 25 6,830
*174 1734
174 174
14
Jan
1
18
7
18
18;
24Jan
9
°8
Dec
4
Feb
*174 184
174
174 Nevada Consolidated
112 4113
113
6
120 17
Feb 5 2u 4 Jan lo
1144
11
Jan
1144 1154 113
23-4 Oct
116
112 4
114 U North Butte
15
*14
2
12,975
1094
Jan
1*4
l32
3u'l2o Jan 5 7434 Mar 11.4 Oct
2
*14
14
66
14 Old Colony
57
67
26
000
1 a,* Feb i 1
57*4
2 4 Deo
57*4 62 4
60
j 2 4 J an 4 •70 J’ly
63
60
6I4 Old Dominion
166
26 29,647 52
Feb
167
1664 166
2
Feb 14
63
33
1674167 4 166 166
J’ly 66*4 Oot
167
167
Osceola
33
33
33
25
946 157
Jan ly 168
34*4
Feb
1
03
82
151
85
Mar
Deo
314 32 4
32
32
Parrott (Silv A Copp) 10 6,227 2S34 Jan 2
2 4
2 4
24
Jan 14
2%
35
24
24
224 J’ly 48 Jan
24
*2 4
24
2 4 Phoenix Consol
141
142
675
25
Jan
1
5
1404 142
Jan 2t
■60
13
142 4143 4 140 141
Mayl 2 4 Deo
141
142
11
11
Quincy
25 3,513 114
Jan 9 148
I04 114
Feb 6|
80 J’ly 114
11
Jan
114
104 11
104
*5
104 Rhode Island
54
25
4,58u
2
54
64
84
Jan
fl24 Jan 15
64
64
94 Deo
34J’ly
6*i 64
5 4 SantaFe(GoldA
64
22 4 22 4
22
Cop)
10 1,239
224
44
Jan
74Jan
8
23
23 4
5*4 Nov
14J’ly
224 234
23
Shannon
227e
160
150
150
153
10 1,226
184 Jan
153
166
5*4 Jan
24*4Jan 17
150
184 Nov
163
150
1524 Tamarack
50 4 60 4
25 1,136 119
Jan 4 170
Jan 14
90
122
Jan
J’ne
504
*49
604
60
60
50
Tennessee
”sT* **304 364 374
26
635 474 Feb a 55 4 Jan 8
40
364 38
May 62 J an
884 364
324
344
26 76,922 214 Jan 2 424 Jan ‘24
734 734j
73 4 73 4
74 4 74**
7*4 J’ne 20 4 Deo
73
74
734
73 7„ United Copper
100 1,900 70
Feb 1
75 4 J an 15
574 May 78 Feb
Last Sale 95
Do
I)oc’06
pref
100
“ii»4 "ii»4 ”11*4*
88
12
Jan 111
12
Feb
12
124
124
134 Unit States Coal A Oil 25 9*08*0 To* Jan 0
634 634
634 63*4
13*4 Jan 22
94 Sep 14*4 Mai
634 64
03 4 634
63 4 U S Smelt Ref.AMin. 50
634
46
46
46
Jan
1,889
02
30
464|
70
Jan 2
51
06
46
Mai
Jan
40
46
46
40
46
Do
72
72
pref
72 4 73 4
50 1,246 454 Feb 6 49
Jan 7
43
Mju
47 4 Sep
734 74
724 73
724
8
724 Utah Con (Gold)
8
8
5 6,248 03
8
Jan 2 79
Jan
52
8
4 J’ne] 69*4 Jan
84
14[
74
8
8
8
Victoria
12 4 12 4]
25
7 4 Jan 10
124 13
1,420
13
8 4 Jan 14]
13
67jNov
12 4 12 4
94 Mai
124
200
200 “ 198
124 Wmoua
25 1,383 114 Jan 8 14
198
Jan 23
4
198
198
197
197
J’ly 134Oot ’
Wolverine
2*4
2 34
25!
240 1804 Jan 10 188
2*4
24
Feb 11 131
190
Deo
Jan
24
24
2 4
2 4
2 4
24
2 4 Jan 7
1.116
70
3*4 Jan 22
c Before pay’tof assess’ts
34 Deo
J’ly
called in 1907.
• Bid and asked
pr.ces; no sales m ide on tui-v d iy.
j New stJvK. f Ast’tpaid. fEr-rights.
a Ex-div. A
66 4
5
68
115 4
47 4
--
%
•
•
-
*’>
Vi4
right*
f-'-fvy:.'!
iTr ,y’
BUND.-
BOM»
jjOSl'ON STOCK KXCH’GE
WBSK JtoDDifl FEB 1 5
Frice
W ee/c’s
Range
t'riclav
Range or
since
Feb 75
Last
Bek Telephone 4a.... 1908
Am Telep A Tel coll tr 48.1921)
ArnWrit Paper 1st* f 5s g 1919
A.ru
Atoli A Nebraska 1st
A veil Too A 8 Fe gen g
98
Illinois Steel deben ;».■*....
Mar’06
104
7s..1908
993j 1101 **8
99«fel00** 100** 1J101<\
91
Adjustment g 4s
J’ly 1996
Fleet Light 1st 68.1908
Consol 5s
;
1924
1907
Boston A Lowell 4s
4a.
1916
1944
Boston A Maine 4*os
Boston Terminal 1st 3*88. 1947
Bur & Mo Riv ex 6s
1918
Non-exempt 6s
....1918
Sinking fund 4«
1910
Butte A Boston 1st 6s....1917
Oedar Rap & Mo R 1st 7s.1916
2d 7s
1909
Cent Verrnt 1st g4s..Mayl920
CB&vi Iowa Div 1st 6s.1919
107 V
*98*2 *99**
*89*" Salt"
110 *
104*3
101
114
112*3
107
102
99**8
100
123 ‘4
Feb*’04
Apr ’00
Sep’06
Mar’06
•) an ’03
Jan ’u7
1919
1913
1922
Nebraska Exten 4s
1927
B & S W s t 4s
1921
Illinois Div 3 *38
1949
Joint bonds Bee Gt Northern
Ohio Jo By A Stk Yds 6s .1915
Coll trust refunding g 4sl940
Ch Mil A 8tP Dub D 6s.. 1920
Ch M A St P Wis V div 6sl920
Chic A No Mich 1st gu 5s.1931
Ohio A W Mich gen 6s....1921
Concord A Mont cons 4s.. 1920
Conn A Pass & 1st g 4s. ..1943
1927
Current River 1st 6s
Det (Jr Rap A W 1st 4s... 1946
Dominion Coal 1st a f 6s.. 1940
Fitchburg 6s
1908
4s
1916
48
1927
Sep’05
Get ’06
J’ne’ol
Nov’OO
111 JsJ’iy ’05
85*3
89
36
100
10ia»
90
..
Fremt Elk A Mo V 1 st 6s.. 1933
1933
C B & Q coil tr 4s 1921
Unstamped 1st 6s
96
100
Jan’07
103*3
103 *«
100*3
13434
Sep ’05
140
Apr’05
’9*i‘*3
100
102
90
100
89
100
Oct ’06
Nov’OO
Feb 9
Feb 12
94*3
*21**
9^*3
20ai
43*v
95
*43
12 Si
12 *v
M2 Si
42 *3
84
95 *v
21 *3
43 3
*12*3
12*4
84
95
21
21
*43*3
*12*8
43*3
12*4
96*4
*20*3
95*4
13
'
beb 14
35
84
96
21
Jtiday
Feb 15
Thursday
Wednei (lay
Feb 13
Tuesulay
Monday
Feb 11
Saturday
Week
Shares
ISnlfininre
Con. Gas EL L. A Pow.
35
*
84*4
85
8134
24
25
26 *3 °Ct ’06
95
95
*20*3
*43*4
12=8
*20S»
*43
*
12 *3
21*4
44
12=e
44
13
Do
Uniter?
101 *3
45=8
51
46
61
45 7g
10;*b
*634
iO3*}
7*3
10*t
*8 8.
51
*84
*14*3
*98
71*3
36
15
98*3
♦
71*4
657i«t)b18ia
4634 17
8
21
14
14
98*4
4 6'4
21 *6
31*8
21*4
61
62
44*3
58
68
94*«
93°b
25*8
*6
Q
134
65*4
46*4
%
103
14*i
66 *4
47
8*s
8*4
21*8 21*4
62*4 63*18
44*4 44*4
21*«
21*3
H
0
*45
67«k
94*3
94\
*27
;
Rid
Ask.
10
100
▲mer Gas of N J
Bell Telephone
50
Cambria Iron
60
Central Coal A Coke. 100
Consol Trac of N J...100
Diamond State Steel.. 10
Preferred
10
Easton Con Electric 5.50
Elec Storage Batt....lOU
Preferred
Wayne AW
Ft
9*4
9
*50*4 6* L *3
49
48
"62*
64**
100
50
100
100
Insurance Co of N A.. 10
Inter Sm Pow A Chem.50
Keystone Telephone ..50
Preferred
Lit Brothers
10
Little Schuylkill
50
Minehill A Schuyl H..50
N Haven Iron A Steel.6
Northern Central
50
North Pennsylvania..50
50
Pennsylvania Steel.. 100
Preferred
100
Phlla Co (Pitts) pref...50
Phil German A Norris. 50
Phila Traction
50
Railways General
10
Tidewater Steel
Preferred
10
10
8usquen Iron A Steel..6
Tonopah Mining of Nevl
Union Tr of Ind
100
United N J RR A C.. 100
Unit Trac Pitts pref..50
Warwick Iron A Steel. 10
West Jersey A SeaSh.60
Westmoreland CoaL...6U
Wilkes Gas A Elec..100
95*t
28*i
62
*45
*27
A1 Val E ext 7s 1910 A-O
Alt ALVElOC 4 *38’33.F-A
Am
Atl
By.s eonv 5s 1911 .J-D
City 1st 5s g ’19.M-N
Balls Ter 1st 5s 1926.J-D
Betlile Steel 6s 1998.(4-F
Clioc A Me 1st 5s 1949 J-J
Ch Ok A G gen 5s’19 J-J
Coi St Ry 1st con 5s 1932
100
ioi*4
104
102
106*4
*95*"
7*v
16
17
Leh Vext 4s 1st 1948. J-D
2d 7s 1910
M-S
3
96*3
95
105
104
48*3
94
6*3
*4
16^
95
7
a4
17*4
Lehigh Nav 4*38 ’14.Q-J
RRb 4s g
1914.Q-F
Gen M 4*38 g. 1924.Q-F
Leh V C 1st 6s g ’33..J-J
Consol 6s 1923
J-D
Annuity 6s
J-D
Gen cons 4a 2003.M-N
Leh V Tran con 4s ’35 J-D
New Con Gas 6s 1948 J-D
Newark Pass con 5s 1930
N Y Ph A No 1st 4s ’39 J-J
Income 4s 1939...M-N
N oOhioTrac oon5s’ 19 J-J
Penn gen 6s r 1910..Var
Consol 5s r 1919. ..Var
Penn A Md Steel con 6s.
Pa A NY Can 6s ’39.A O
Con 4s 1939
A-O
Penn Steel 1st 5s ’17 M-N
People’s Tr tr certs 4s ’43
PCo IstA coltr5s’49 M-S
ConA col tr 5s 1951M-N
253*3
•8*2
834
Phil Eleo gold trust ctfs.
Trust certifs 4s
P A E gen M 5 g ’20. A-O
Gen M 4s g 1920..AAO
prices; no sales on tills day.
1J Ex-rights.
:*.*.:"
112
95»s
Imp M 4s g’47. A-O I
i'll" i*i‘i34*
lOS3^ 108
*1*2*1*34
97*3
6b
2d pref
G-B-S Brewing
106*3107
"wT*
108
5-20 yr 4s 1925
BaltCPass lstos’ll
Balt Fundg 5s. 1916
J-J
M-N
100*4:
M-N
Exchange 3*2-8 1930 J-J
10s *3:
101 *3 101 \
99 \ 99=4
Balt A P 1st 6s inf’ll A-O
Balt Trac 1st os. .’29 M-N
N o Balt Div os 1942 J -D
108
70*2
j| j.7.50
71
„
Convertible 5s.’06 M-N
Cent’l
Rycon5sl932 M-N
Imp oa.1932 M S
Ext A
paid.
* •n.'i paid.
t $10 paid.
107*4 Feb’07
107*1 iiu“
1199*4
1,98*4 1199*4
Jan ’07
100*3 100*3
102
102
1199*4
100*3 100
Jan’07
1023* Jan '06
100 *3 .Tan *07
102
*9*9 *" i’dos
*.*.■-*.!I **9*6"
96
i *00**3 iod’*3
Feb’O
1 Flat price.
bid and asked.
Weekly, Yearly
Range tor Year
Range tor Frevicmi
1907
Year (190S )
Hifj/iesi
Lowest.
8234Jan
93*3 Jau
43*8 Feb
12 -3 Feb
3
6
7
s
Jan
jan
5l
Jan
47 *3 Jan
11 *8 Jan
b
Jan
7
Jan 14
31*4 Jau 4 36 Jan
16
Jan
14
Fob 11
Jan
98
J’ 00
t 103
l>eb 15
10
2
24
14
J’n«
41
35 *3 Dec
90
l’n«
80
Oct
97
J’ly LI;*4 Deo
32
J un
22
Dec
62 *3 Jan
48
Dec
19
Jan
13
Dec
61
5034 Sep
30*4 Jan
11
May
6
25
25 31
8
14*3
7 100
65
7«'bJan 5
2*3 211X1 7
*7ie
»JA L
ASK
t
Nov
Dec
48
Jan
Jan
Nov
23 \
Jan
14
Dec US
i*2o‘*
City Ry 1st 5s’23 J-J
City A Sub ist 5s..’22 J-D
City A Sub( Was)l.Ht5s’48
Coal A I Ry 1st 5s’20F-A
UolAGrnv 1st 6S.1916J-J
Consul Gas 6s... 1910 J-D
5s
1939 J-l)
Ga A Ala 1st con 5s ’45J -J
84
’29 J-J
Georgia P 1st 6s...’22 J-J
Ga Car AN 1st 6s g
GaSoA Fla 1st 5s 1945J-J
G-B-S Brew 3-4sl951M-S
2d income 5s 1951 M-N
Kuoxv Trac 1st 5s ’28A-U
LakeR El 1st gu5s’42M-S
92*3
M etSt( Wash) lst5s’25F A
Mt Ver Cot Duck 1st 5s.
Incomes
93
NptN AO P 1st 5a’38 M-N
General 5s
1941 M S
Norfolk St 1st 5s’44..J-J
103*3 104*3
100 *t L003&
98
98*4
108
87*3
88*3
88
89
103*4 104*3
110
111
101*3 102
107*9 109
114
116
i‘o*8*’ *110*
110
j £20 paid,
North Cent4*3S 1925 A-O
Senes A 5s 1926....J-J
Series B 5s 1926
J-J
Pitt Un Trac 5s 1997. J J
Poto Val 1st 5s 1941..J-J
Sav Fla A West 5s ’84 A-O
Seaboard A L 4s I960 A-O
Saab A Roan 6s 1926. J-J
South Bound 1st 5s..A-O
U El 1 AsP 1 at 4 *as’29 M-N
U n Rv A E11 st 4s ’49 M- 8
Income 4s 1949
J-D
Va Mid 1st 6s 1906..M-S
2d series 6« 1911...M-S
3d series 6s 1916.-M-S
4th ser 3 4-5s 1921.M-S
5th series 5s 1926.M-8
Va (State) 3s new ’32.J-J
Fund debt 2-3s 1991.J-J
West N C con 6s 1914 J-J
WesVa CA P 1st efll J-J
Wil A Weld 5S..1935.J-J
a Reoeipts.
b $25 paid.
81
?
,
ian
J’ne
>
{
■'<
3* 'i. uan
.JDj.iJan
i/54-j.dar
t
9310 Oct
i3 i
Jan
-4
83
Jan
47*=ujJua
■»
51
60
101
32
>
Rid
i.tlbilL
Chas Ry G
El 5s ’99 M-S
Chari C A A ext 6s.’09 J -J
2d 7s
1910 A-U
106*4
J an
39*4 Nov
12 'h Nov
May
69=8 J nn 31
Oct
i~4 Koo 6
64 *3 Feb 1 70**16 J an 8
61**8 J’ly
4 8 *4 Jan
44
Jan .51
Apr
4 47
6 *8 1 »ec
b34 Feb 14
7*^8 Feb 1
Jan 22 c 19 *4 Dec
19'4 a an L5 24
69*4 Feb 1 693-Jan 7 56*4 Max
44 ^ Feb 9
45*8Jan 14 43=8 Api
44 *u Feb 9 47
Jan 14 447b May
54
Jan 15 60*8 J*ui 22 58*8 Dec
90*3 Jan 30 96*sJan 5 1|8l *3 May
25
Dec
J an 1 i
28
25 -e b eb 1 1
Chas
112
114
niyhott
Lowest
9
10
Jan 26
23*4 Jan 7
4rt
Jan
7
13 *3 J an 3
35
b5
97
50=8 Jan 2b
38
Jan 2
ill
107
99
9534
1J94 *3 Sep ’05
109
Aug’05
100
Bonds
100VJ102
100°8 Feb’07
100
Anacostia A Pot 5s
Atl A Ch lst7...1907 J-J
Atlan C L RR4sl952M-S
Atl Coast L( Ct)ctfs 5s J -D
Ctfs of iuuebt 4s
J-J
Dec ’05
1150*8 Apr’06
I But
BALTIMORE
Inactive .Stocks
Ala Oons Co&lA Iron, loo
Pret
100
Atlanta A Charlotte.. 100
Atlan Coast Line RR. 100
Atlan Coast L (Conn) 100
Canton Co
100
Cons Cot Duck Corp...50
Preferred
50
Georgia Sou A Fla...100
1st pref
100
67
*97"
50 10,112
*60
100
(Jet ’Oi-
99*3 Nov’OO
|
112
Eq 11 -Gaa-L 1st g 6s 1928
H A B Top con 6s ’26 A-O
Interstate 4s 1943 ..F-A
Ex
118 >3 119*3
i0534
604
50
Terminal 5s gl941.Q-Fj
P W A B col tr 4s ’21.J-J !
Portland Ry 1st 6s 1930.
Koch KyA Lcou os ’54J-J
U Trao Ind gen 58’ 1 9. J -J j
Un Rya Tr ctfs 4s’49J AJ ;
United Rya Inv 1st coll tr1
M-N
sf os 1926
U Trac Pit gen 6s ’97 J -J
Welsbacli s f 5s 1930. J -I >
Wlks-B G A E con5 s’ 5 5 J - J
103" 10*4’*4
ConTracof N J 1st 5s.’33
E A A 1st M 5s 1920 M-N
Elec A Peo Tr stk tr ctfs
700
5,657
Ph A Read 2d 5s ’33.A-0
Con M 7s 1911
J-1 *j
Con M 6s g 1911
J-D
109 7b
io*5*>
2.V52
206
50
26 I8,0o5
50 3,9S5
50 46,52a
120
60
3
60
PHILADELPHIA
Ask
Rid
PHILADELPHIA
444
50
2dpief
Union Tracton
95*8 United Gas lmpt
29
Welslmcli Co
*57\
95 ~
95*3
28*3
Do
46
ots
-45V»
46
68
22*3
25
8*3
Pennsylvania Salt
Bid and asked
67*4
21*8
767
100
47
Phihulelp’aCo(Pittsb).
8C Philadelphia Electric*.
21*. Plula Rapid Transitc..
62 7e Reading
46
Do
1st pref
47
47
61*4 62**18
44*4 44*4
*46
68
95
*27
Do
1U4 Marsden Co
1*4
Pennsylvania RR
66*3 6511!* 66
Indianapolis By 48.1933
22
24
50
Key atone Watch Case. 100
*
46
Asphalt tr ctfs ....tOO
pref tr ctfs ....iOO
Lake
14*3
Superior Corp.... 109
09*8 99*3 Lehigh 0 A Nav tr ctfs. 50
717t, 73
l.-ehigh Valley
50
...
103
98*3 May’06
20 *3 J an 2w
uen
39
.16
•28
BergAEBrw 1st 6s’21 J -J
*7*4*4
V.....100
Germain town Pass
Indianapolis St
Indiana'Union Tr
1*4
n
Bonds
inactive Stocks
Allegheny Val prof....50
American Cement
717,
73*4
♦
CS7* C6*V
46*4 46*4
«*« S*i6
H
PHILADELPHIA
16
99
8
36
16
99 *i
*6
8
36
16
99
73
td
SJ
1
10*»
99
79
1*4
45*3
28
7s
103
Max’02
102
600
200
600
172
51
American Railways.... 50
46*8 Cambria Steel
50 11,242
10*4 Electric Co of America 10 1,400
50 7s
46
10
*5
51
46*s
10*8
g
M
8*^
10
44*3
*46
A
72
8*
44*3
44*3
M
M
8*16
44*8
44*3
b
46*4
10 «R
7*2
36
61
45
*50*8 51
46*8 46*3
10*1 10*4
J
98*«
71
1*4
Co6io
60*618 61*4
94
>27
51
Sep ’00
110278 Jan ’05
1121 3b Mar’06
Jan ’07
103
107 *3 Nov’06
100
2d pref
100
Ry A Electric.. 50
Philadelphia
.
9934 100
99*3 99*3
99*3 99*3
100*8 100*3
100
99*3 Jan ’07
99*3 Jan’07
100*s Jan’07
100
33 *3 Jan 15
60
85*3
84
S4j4
1734 Aug’05
50
160
603
100
92
101
10*2*3 Aug’04
100
Do
84*3
pref...
95*4 Northern Central
21
seaboard (new)
?4
95
*9*8*
101 *4 C'ep ’06
118
Miiv’04
* No price Friday ; latest
(For Bonds and Inactive
stocks see below)
LOO
Nov’06
U8A
Dec ’06
Feb’07
Jan’07
100*4 Sop ’Oil
113 '•* Nov’06
1911
1939
1939
Sales
of the
—
Law
Ac
102 *3
118*h
IIS3*
94 *3
**9*f* *92** 92
100 *s 101
1925
ACTIVE STOCK*
Prices
since
Janvn r»f
Jau’07
hs
Rang*
i
High
1007« Oct ’06
10-' 4 Jan ’07
122 *4 Nov’OO
9:>
Philadelphia and Baltimore Stock Exchanges—Stock Record, Daily,
.share Pricei*—■Not Per Centum
j"i 2:
Law
ASK
1924
Colony gold 4s
for all Boston Bonds.
Note—Buyer pays accrued interest in addition to the purenase price
f
9934
Western Teieph A Tel os. 1932
Wisconsin Cent 1st gen 4slP49
Wisconsin Valley 1st 7a.. 1909
97*4
96
94*a
94*8
24
95
Feb 75
Ranor
Last sale
1910:
Oreg Ry A Nav con g 4s.. 1946
Oreg Sh Line 1st g 6s
1922
Repub Valley 1st s t 6s... 1919
Rutland 1st con gen 4 *38.1941
Rutland-Canadiau 1st 481949
Savannah Elec 1st cons 5s. 1952
Seattle Elec 1st g os
1930
Terre liaute Elec a os
1929
1918
Torrington 1st g 5s
Union Pac RR A 1 gr g 48.1947
1st lien conv 4s
1911
United Fruit conv gen 6s. 1911
U S Steel Corp 10-60 yr os. 1963
West End Street Ky 4s
1915
Gold 4 *38.
1914
Gold debenture 4s
1916
Gold 4s
1917
101
102*3
94*3 95
94aa Feb’07
937s
1921
91*8
Apr’05
94*3
Sale
" 9*934
Old
101*4 J’ne’06
112*4 Jan ’03
104
Nov’06
89
Jan ’07
97
99*4
100
101
14 eeK's
1
g 5s 1929
Cot Yarn 5a.... 1929
Teieph 6s
1907
1908
os
1915
New England oons g 5s... 1945
Boston Term 1st 4s
1939
100**3 ibo*a
102*3
102
Feb’07
96
122
Apr’06
Feb’05
126
100
100
101 *s Feb’07
Sale
1
New Eng
New Eng
6s
69
85*3
IS-ice
rYUiai,
,,..1917
Mich Teleplst os
Miune Gen Elec con
9934 Feb’07
1027s J’ne’06
98*4 Dec’06
91*3 Feb’07
102
96
Maro Hougli A Out 1st 6s.
Mexican central cons 4s..
1st cons me 38
Jan
Jan
2d cons inc 3s
107 *8
lt»7 *8
109
May’05
100*3 Feb’07
102 *3 J’ly’06
Iowa Div 1st 4s
Debenture 6s
Denver Exten 4a
92
»1*\
91s,
9134
....
Boston
3
Non-convertdeben 5s... 19131
la Falls ASioux Cist 7s.. l9L7j
Kan C Clin A Spr 1st 5 s... 1925 i
Kan C Ft S & Gulf I«t7s..l90s
Kan C Ft Scott A M 6s.... 1928
Kan C M & B gen 4s
1934
Assented income 5s
1934
Kan CAM Ry A Br 1st 5s 1929
Kan C St Jo A C B 1st 7s.. 1907
Maine Cent eons 1st 7s...1912
Cons 1st 4s
1912
1)87** Nov’OO
4s.. 1995
Registered 4s
High.
98*4
86*2 90*4
8634
_
(£ *£
Bia
Loio
98
JMyti
Aik Low
98
98
Sale
86 *3
80'a Sal©
;
BOSTUN STOC K E A C»t ’ G K ;
Week Endino Feb 15
>
January 1
sale
But
(Jt Nor
383
Boston Bond Record.
Feb. 16 1907.
Jan
AUJ
IfH
Mar
Ash
102*.
93 *v
114
lit)
108 *4
lo3 *3
95
_
T
r1fT
108*8
104*8
102*3 103
109
111
103*3 104
109*3 no
108
108*t
107*3 108
118
109
119
no
56=4
56*4
2134 22*8
106*2 107*8
114
116
109
no
83*3 84
95
100
106*4 108
105
114
116
114
108
lie
114
114
80=4
109
108
91*3
8934
-
lrrn
81
111
no
92*a
90
56
57 j
108
no
110
110
93
109*8
93*2
no
94
94*8
ill
105
105*8
113*2 114*8
c $30 paid.
(
384
THE CHRONICLE.
Volume ol Business
TRANSACT I ON'S
AT
THE
NEW YORK STOCK
WEEKLY AND YEARLY
DAILY.
Week -ndiug
leb 7.1
I'M, 7
Telegr
Stock Excnaua;es
at
Shares
ife So Amer. 100
Coramer Un Tel (N Y).25
Franklin
IIGold A Stock
Hudson RiverTeleph
ilNY&NJ Teleph...
883.855
757.198
.Monday
Tuesday
$30,22 S.OOO
*684.000
59,99 1,000
1.3 12,500
HO LI! DAY.
Sl.4G0.4Od
1,555,500
76,574,000
1,509,000
58,178.750
1.080,500
V.d'ioisVi
Wednesday
Thursday
*68.634'
Friday
746,''70
Total
2.767,59 1: $306.872,150
*
hxehanye
1007
Stocks—No.shares
1906
3,767.591!
4,833,164
Chicago Edison
? 16,500
$880,500
61,8^7,851
$2,673,172,185 $4,730,231,850
$106,900
BONDS
Government oonds
State bonds
BR. ami mis. bonds
Total bonds....
$■580,500
6,141,500
*5,000
1,729,200
10,337.500
$7.022.0U0!
$12,071,700
$116,500
$393,100
8,543,500
61.482.200
17.b47.4U0
120,251,100
$70,142,200
$138,481,600
TRANSACTIONS AT THE BOSTON AND PHILADELPHIA
EXCHANGES
Boston
ending
Feb 15
l'JO!
Bond
sales
j shares
Saturday
34,3701
Monday
TnesiUiy
Wednesday..
Thursday
68,303
5,069
Listed
shares
$2 1,000
20,6..0
Unlisted
shares
10,420
18,598
:
17,069
15,24 6 j
15,7/ 71
59,180.'
03,573
66,500
13,476'.
66.637!
297,699 j
33,404
24,813
22,129
19.000
37,000
$21,100
8,438
67,700
12,486
*15,706
5,750
78,100
136.800
109,364!
$163,500
Bond
8 ales
2,8] 0
HOLT DAY
m2,27 3
Friday
Total
Philadelphia
1 Unlisted
Listed
share*
133.800
45,190
8437,500
Outside Securities
A
w*ev/.’i
Street
JS’iueiv
(mtside Market vull be
m
Railways
Bid
A8k
NEW
YORK CITY
Bleeck St A Fui F stk 100
Ij 1st moil 4s 1950 ..J-J
n B’y A 7th Avestk ..100
1j2d mort 5s 1914 ...J-J
Con 5s 1943
See stuck
8’way Supflstos gu 1924
1|Ceut’l Crosst’u stk..100
Hist M Os 1922 ...M-N
fjCeu Pk N A E R stk. 100
jjUhr’tT A lOtii St stk 100
Col A 9 th Avc 5s See Slock
Dry D E B A 3—
I] 1st gold 5s 1932...J-D
HScrip
5s 1914
F-A
Eighth Avenue stk..lot
liScrip 6s 1914
F-A
U 42(1 A G r St F’y stk.. 1 OU
42d St M A St N AY..10U
1,1st mort 6s 1910 .M-S
1r2d lucome 6s 1915 J-J
Inter-Met—See Slock Ex
Lex A v A Pav F 5s See si
H VIetropol Securities 100
Aletropol street Ry. 100
Ninth Avenue stuck.luo
Second Aveuue stocklOO
lllstmort 5s 1909 M-N
Consol 5s 1918
F-A
HSixth Avenue stock 100
Sou Boulev 5a 1945..J-J
SoFerlst os 1919...A-O
Third Avenue see stock
30
33
90
92
228
100
235
104
Exch
list
D)6
300
115
i 95
170
list
? 103
270
111
185
165
Exch
106
i09
97
92
97
too
60
102
67
70
105
clia’ge
k Exc
72
list
list
......
106
170
190
1 12
180
$110
160
$luo
$105
YkersStURos 1940A-O $100
Excli
Tarry \V P A M 5s 1928 $102
28th A 29lli Sts 1st
’96 $104
107
HTweuty-Th’d St stk IUU 375
Union Ry 1st 5s 1942 F-A $105
too
luG
Westchest 1st 5 s’43 J-J $100
106
os
Brooklyn City stuck... 10
218
Con 5s
see Stuck ExcJi
BkinCrosalu 5s 190S.J-J
Bku Hglslsl5s 1941 A-O
lisl
100
103
Exch
Excli
2U0
‘90
Lll
100
J-D
4s1951
85%
7
i%
119
NEW
M-N
103
......
<220
4U %
$ 98% 100
107
103
102
80
120
108
OlHh.lt CITIES
Amer
Light A Tract. 100 105
107
Preferred
loo
95
97
Bay State Gas
50
Hi
%
BkluCiCoASun NfeStk
Binghamton Gas 5s 1938 $ 95
100
Bklyu Rap Tran See Stk
list
Brooklyn Union Gas deb
IjCouey Is. A Bklyu ..loo
6s 1909 conv’07...M-S
120
133
1st cons g 4s 194s..J-J
93
Buffalo City GasstocklOO
8
9
Brk C 1*5 N 5s 1939.J-J
106
1st 6s 1947
See Stock
Exch list
Gr*pl Alairimer St 1st 6a 103
Consol Gas of N J
Kings Co. Elevated—
1st 5s 1936
J-J $ 90
95
1st 4s 1949 See Stock Excli list
Consumers’ L li 6c Pow—
Nassau Elec pret
65
loo
75
08 1938
J-D $104
os 1944
A-O
105
Elizabeth Gas Lt Co..loo 2 '75
1st 4s 1951
See bt k Ext ii lisl Essex & Hudson
Gas loo
125
129
N Wb’g A Fiat 1st ex4%«
100
104
Fort Wayne 6s 1925..J-J
45
50
Btemway 1st 6s 1922.J-J $113
L 15
Gas A El Bergen C0..IUO
57
60
OTHER Cl I lka
Grand Rapids Gas—
Buffalo Street Ry—
111st 5s 1915
F-A $102
103
1st consol 5s 1931..F-A $109
111
Hudson Co Gas
loo 112
113
Deb 6s 1917
A.O $ lU5
Indiana Nat 4c III Gas—
Chicago City Ky
See C lucago list
1st 6s 1908
M-N
20
25
Columbus (O) St Ky.,100 101
102
Indianapolis Gas
50
67
72
Preferred
10U 107% 110
1st g 5s 1952
A-O $ 98
lcU
Colum Ry cou os See Ph lla lisl
Jackson Gas 5s g ’37. A-O $ 95
100
Crosst’wn lstos’33.J-D $107
Kansas City Gas
109%
100
50
Graud Rapids Ry....100
67
70
Gas
IlEaciede
loo
100
i^reierred
100
87
90
1i Prefer red
loo
97
Lake St (Chic) El
See C hicago list
Laray’eGasl8tbs'24.M-N
44
50
HJamisv St 5s 1930..J AJ $110*4
111% LogAWabV lst68’25.J-D
30
35
LynnA Bos 1st5s’24.J-D $107% no
Madison Gas 6s 1926. A-O $ luo % 1 10
HNew Orl Kys A
192
107
list
......
_
......
—
_
Lgt. 100
31%
HPreferreii
100
77%
1’Gen M g 4 His ’35
See Stk E
North Chic Street See C lucagu
Pub Serv Corp of N J100
95
Tr ctfs 2% to 6JJb nerpet
66
Coll trust 5s gold notes
1909 optional....M-N
North J ersey St Ky 100
1st 4s 1948
M-N
Cons Trac of N J... 100
1st 5s 1933
J-D
t Buyer pays accr’d
tnt.
32
(inn Sec untie*
Newark Gas 6s 1944.Q J $130
1.33
Newark Consol Gas..100
90
91 %
IjCon g 5s 1948
f-D
1U5 % 106%
No
78
x list
list
lull
08
Hudson L 11 A Pow —
5s 1938
A-O $ 105
95
i 94
1.0 4: i mi C Nat A ill .101/
40
50
1st 6s 1926
J-D
-9
$ 73% 74 % Pat A Pas Gas A EleclOO
68
74 % 75 %
1l Con g 5s 1949
M-b $100
$105
106
St Joseph Gas 5s 1937.J-J
$ 84
|
t Price per ah.
Hecker-Jones-Jew’l
1st 68 1922
97 Si
97%
98%
99%
95
99 4,
96
99%
99 H
98
Preferred
Col tr d 4
99%
97Hi
99 Hi
99 Hi
99%
99%
96
96 Hi
96%
96%
98%
98%
4
35
.3
103
88%
Pittsburg Brewing
Pittsburg Coal
1st preferred
lou
2d preferred
loo
Pratt A Whitu pier..100
Public Serv Corp of Var—
lstmgbsJuiy I930opt
Realty Assoc (likiyn )lou
Royal BakPowd pref.100
Safety Car Heat A
Singer Mig Co
Li
95
155
lu3
iuu,
lot
Siandaril
Cordage ...lou
M.V.58.Mi red.. A.O
Adj ust. Al.bs. Apr J 1931
Slanuard Coupler comlUO
Preferred
1 uu
Standard Milling Co.loo
Preferred
100
1st
.
100
1st 5s 1930
M-N
Standard Oil ol N J ..lou
Swift A Co See Boston Si
1st 5s 1910-1914...J-J
li Preferred
loo
1st ext 58—See Stk Ex
iiliss Company com
50
Prelerred
50
Bond A 51 tg _Guar.... 100
Borden’s Coud Milk., loo
Preferred
loo
British 1 ol Copper
■:>
Butte Coalition Min.. 15
Casein Coot Am com.. 100
Preferred
HR
Casualty Co of Amer. loo
Celluloid Co
loo
Cent Fireworks com.loo
Preferred
luo
Central Foundry
100
Preferred
loo
Deb 6s 1919 op ’01 M-N
Central Leather
Sec
Tennessee Copper
25|f
ll'l’exas A Pacific Coal luo
1st 6s 1908
A-O
Title Ins Co ot N Y..1UU
Tonapali Min (Nevada). 1
Trenton Potteries com 1UU
Preterred new
iuu
Trow Directory new..100
Union Copper
10 1
Union Typewr com.. 100
1st prcierred
loo
2d
preferred
United Bk Note
Preferred
]UU
Corp..50 t
5o t
HU uited JigarMfg.,pf.loO
United Cupper
100
loo
Preferred
Chesebrough MlgCo 10U
U
See Ch
Co.... luo
City Investing
IjClalliu (H B)coiu....106
IUU
S.
Casually
U t> Envelope
HPieferieu
Chic Pnernn Tool.
cum
iUu
IUU
100
Nee Stock
list
U S Steel Corpor.ition —
Col tr s f 5s ’51 opt ’ 11
Jill
112
Col tr s 15s ’51 not opt.. ill* Hi
U S Tit GuA Indem.lOO
iY6“
US Rub 2d pi
100
Cramps’ShAEu Bldgluo
See StocK
Pope Manutacturing.luo
IjBetlil’m Steel Corp .100
See Stock
50
50
Preferred
li Barney A Siu Car ...100
Coi n Prod Kef
5 t
100
100
loo
liOntario Silver
loo
CousolidCar Heating too
Cons Ry LtgA Ref
rig. 100
Consol Rubber Tire..loo
Preferred
luo
Debenture 4s 1951 A AO
Cous Storage
Batieryiuu
cum. 100
Otis Elevator com
Preferred
Phoenix Securities
Amer Writing
Paper.100
Preferred
100
1st sf g 5s ’19 op ’09.J - J
112d preferred
100
Colo Industrial. See Stoc
Col A Hock Coal A 1 pi loo
1st g 5s 1917
J.J
Col tr 6s Get 1956.. J-J
*6**
N J Ter Dock A
Imp.100
N Y Biscuit 6s 1911.M-S
N Y Mtge A Security. 100
1jNew York Dock ....100
IjPreferred
loo
N Y Transportation...20
Niles-Bem-Poud
4s and 6s
See Stk
Am Typefo’rs com... 100
1|lst prelerred
list
25
Nacionai Surety
100 170
Nevada Cons’d* Copper.5 t 17%
llNew Central Coal
20
35
Nipissing Mines
1st preferred
loo
2d preferred
loo
Am St Found 6s
’35JAAO
American surety
5u
American Thread pret..5
AmTobac (new) comloO
Prelil
See Stock
Cenlury Realty
r
1[Gen. g. 4s-D,uo...M.N
List
110
140
U»5
150
Manhattan Transit
20 f
Mex Nat Construe.pflUO
Mitchell Mining
10
Monongabela II Coal..50
Prelerred
50
Mortgage Bond C0...IOU
Nat Bank ot Cuba
lOu
92 %
lcO
100
Hi’22op’07A-O
Mack »y Companies See
Madison Sq Garden..100
2d 6s 1919
M-N
U-Mauliatt Beach Co. 100
Manh Beh Hotel A Land.
Preferred
100
Co.-
Am i ee Sec unties.... See
Am Malting6s 1914.J-D
Amer Press Assoc’n.lou
Am Soda Foun com..loo
liPrelerreu
40
Internat’l Nickel ....100
Preferred
1 Ou
International Sait....100
1st g 5. 1951
A-O
lnteruat.oiial Silver, lou
Preferred
100
1st 6s 1948
J-D
Lackawanna Steel...lou
Lanston Monotype
20 t
Lawyers Mort Insur.100
};Leh A Wilkesb Coal.50
Lord A Taylor
100
Preferred
luo
TiLoriilard (P) prei ...100
Chic Peo A St L pref.100
Deposited stock.
Undeposited slock
Prior lien g 4 His’30M&S
Con mtg g 5s 1930. JAJ
Income 5s 1930
Cine Subway
100
28
Ft W A Deu Cy ttd.,100
Great Northen Ore
see Stk *E x fist
N Y N H do Hartford—
Con deb 3 His 1956. J&J
5108
109 %
Nortn’n Securities Stubs 125
162%
Pitts Bess A Ij E
50
32
36
Preferred
:... 50 t 70
75
Preferred
108
er’g-Hall-M ar.new. 100
Hoboken Land A ImplOO
115s 1910
M-N
Houston Oil
100
Preferred
100
Hudson Realty
luo
93%
97
100
125
Milt
M-S
98% Ilngersoll-Raua com. 100
UPreferred
10o
99% 1 uternat’l BankingCol 00
97% lnt’n’1 Merc Marine. 100
98%
Ill.C.stk.tr. cfs.ser.A’52
93%
H
ltn.iirou.il
Ahmeek Mining
25
Alliance Realty
10U
Allis Chalmers Co 1st m
s f os
’36opt’lb wi. J-J
American Book
loo
American Brass
loAmerican Cat: com...100
Prelerred
loo
American Clncle Co..loo
Preferred
100
Am Uraphoplio com..loo
Preferred
100
Amer Hardware
j Ou
43
77
list
list
190
75
100
104
...
104
list,
$100
i
5
5
5
5
5
5
5
$
5
$
StLASF g4%’08...J-D 5
South Ky g 03 1910.. F-A 5
U S Rubberg5s’08..M S 5
Industrial and iliiscci
Exc h list
98
38
Hackensack Water Co —
Ref g 4s 52 op 12...J-J 5
Hall Signal Co
100
Havana Tobacco Co..100
Preferred
100
1st g 5s June 1 ’22. J-D
Short Term Notes
Am Tel & Tel g 5s’10 J-J
Chic A Alt 5s 1912... J-J
Ch R I A Pao4%B’0-A-O
Chic A W Ind 5s ’10 F & A
Interb II T 5s Mch 1910
Kan C So g 5s Apr’12 J-J
Lake Sh & M So 5s’lu F-A
Mich Cent 5s 1910
F-A
Minn A StLgos’ll.. F-A
N Y Cent 5s 1910
F-A
Penn gu 4 %s 1907
M-N
list
106
$101% 102%
$102
GuggenheimExplo’n.100
ii So NY 1st 6s 19.11.J-J $100
N Y&EE Ferry stk. 100
65
1st 5s 1922
M-N
78
N Y A Hob con 5s’46. J-D 5104
Hob Fy 1st 5s 1946 M-N 5106
N YA N J 2d 5s 1946.J-J 5105
10th A 23d Sts
30
Ferry 100
1st mort 5s 1919...J-D 5 77
fl Union Ferry stock .100
27
II 1st 5s 1920
M-N
90
......
YOKE
Exch
L/u
IjGeneral Cliemieal ..100
1: Preferred
100
Gold Hill Copper
1
Greene Cananea (w i).20
Greene Con Copper... 10
Greene Consol Gold... 10
Greene Gold-Silver.... 10 f
Seaboard Air LineCoil tr 5s 1907
op...M-S 5100
SeaboardCo.... Nee Bait Exch
75
$
1i Federal Sugar.com.. 100
li Prelerred
100
Ferry Companies
Brooklyn Ferry stocklOO
H Railroad. Securities
*25
k
102
Co See C hicago
123
109
103
86
hO Si
85
100
Cent Un Gas 5s g’27.JAJ
Con Gas (N Y) stk. See St
Conv deb 6s ctfs See Stk
Muiuai Gas
loo
New Amsterdam Gas—
1st consol 5s 1948..J-J
N Y A East River Gas—
1st 5s 1944
J-J
Consol os 1945
J-J
N Y A Richmond Gas. 100
Nor Un 1st 5s 1927.A1-N
Ij Standard Gas com ..100
H Preferred
loo
1st 5s 1930
M-N
75
98
100
Hum Securities
HKOGKLYN
Allan Ave os 1909..A-O $100
Con os g 1931
A-O $ H'6
B B A W E 5s 1933..A-O
99
Ask
-
1 West Chicago St
HCon g 5s 1936
195
102
112
170
104
106
lisl
io4
102
precedina page.
Street Railway*
Bid
Pub Serv Corp N J
(Con)
Nevv’k Pas Ky5s’3UJ-J $110
Rapid Tran St Uy..l00 245
1st 5s 1921
A-O $107
J C Hob A PatersoulUO
35
4s g 1949
M-N $ 70%
So J Gas El A Trao 100
117
Gu g 5s 1953
M-S $ 98
No Hud Co Ry 6s’14J-J $108
5s 1928
J-J $ 105
Ext os 1924
M-N $101
Pat City eou 6s ’31. J-D $119
1
-U os
1914 opt A-0 $100
So
s1(*.e Ei (Clue)
i
see C hicago
Kan
sy.-acuse
Tr 5s 1946 $ 105
Trent P A 11 5s 1943J-D $102
United Rys of StL—
Com vot tr cits
100
42%
V Preferred
100
76
Gen 4s 1934....SeeStk Exch
| U nit By s San Fran NeeSt-k Excli
| Wash Ky tic El CO....IU0
40
Preferred
......
$100
on a
1
13 1 0
93
37 5
found
129
83
Preferred
100
U uited Electricot N J100
48 1949
J-D
1906
$42,900
13 4 %
115
IjKingsCo El EAPCo 100
Narragau (Prov) El Co 50
.VV&y El E APowColUU
235,000
31.564,842
73*
113%
Electric Companies
*211*6*00
1907
55
^Southern
181,500
January 1 to Feb 15
Par vaiue
$306,3 2,150,$427,929.850
Bank shares, par..
$7,200
*2,500
Week
i00
100
Pacific A Atlantic
25
A Atlantic 25
$$6,500
6.141,500
Week endinu leb 15
Sates at
Aetc York Stock
DAILY
100
100
HNorthwestern Teleg. 50
Sal unlay
Preicred
100
Cuban us of 1896
li Diamond Match Co. loo
Dominion Copper(new)li
Douglas Copper
5.
chectric Boat
100
Preferred
.loo
Electric Vehicle
100
Preferred
lot
Empire Steel
10(J
Preferred
loi
Emp A Bay State Tel 100
U B
Bonds
LXXXIV.
Industrial and .Minot*
IJCrucible Steel
100
ijceutral
EXCHANGE
State
Bonds
Bonds
tar value
A l’eiejuione
11 AmerTeleg A Cable 100
SlOC K 8
Railroad <&c
[VOL.
list
7 6
l»jri%
60
Utah Copper Co
lu t 39
Westciieeier
A
Jiroux
Title A Mort Guar. 100
170
Western Ice
100
27
Westingli Air Brake..50 I 156
*
39%
180
27%
Ij West Klee A Mfg—
Con sf 5s See Stock Exc
While Knob Mm
10
Preferred
10
Worthing Puran nref. 100
very active
security.
l'JO
Feb. 16
3S'>
THE CHRONICLE.
1907.
Railroad intelligence.
luuestramt and
EARNINGS.
The following table shows the gross earnings of every STEAM railroad from which regular weekly or monthly returns
be obtained. The first two columns of figures give the gross earnings for the latest week or month, and the last two
columns the earnings for the period from July 1 to and including such latest week or month.
VVe add a supplementary
statement to show the fiscal year totals of those roads whose fiscal year does not begin with July, but covers some other
period. The returns of the street railways are brought together separately on a subsequent page.
iMtsl Date.
Kami
GROSS
RAILROAD
can
Latest Cross
Week or
Month.
HOADS.
Latest Gross
July 1 to Latest Date
Earnings.
Current
Previous
Current
Previous
Year.
Year.
Year.
Year.
$
5
5
$
1,898,207
915,284
945,203
1,654,973
783,079
711,251
16,892
18,024
A
Top & S Fe.
Atlanta A Chari
Atlan Blrm A Atl’c_
Atlantic Coast Line
Baltimore A Ohlo_.
7,903.547 7,001 221 43,570,509 39,SOS,439
December
1,089,070
321,013 1,780,293
362,983
November.
531 ,819
760,460
81,359
124,201
December
11
.524,970
2,427,709 2,227,205 12,605,802
December
38,010,408
6,720.001 6,450,520 41,771 ,197
December
1,153,807
1,533,771
184,599
239,045
December
30,830
34,217
5,083
5,133
January
20,445
25.859
2,523
3,020
December
153,401 5,041 ,337 5,477,342
130,538
Buir Rocli A Pitts.. 1st wk Feb
7
80,389
890,299
125,518
145,251
December
Buffalo A Susq
975,771
957,095
119,241
128,803
December
Cal Northwestern
3,118,890
4,320,300
05,700
52,800
Canadian Northern. 1st wk Feb
830,000 1 ,033,000 42,473,473 30,823,976
1st wk Feb
Canadian Pacific.
234.400
7,492,294 7,030,238
200,700
1st wk Feb
Central of Georgia
1
2,229,742 2,118,194 13,420,719 2,834 ,2.85
Central of N Jersey. December
80.071
95,428
2,991
2,614
1st
wk
Feb
Chattan Southern..
2,047,828 12,583,397 11,804.154
,651
2,051
December
Chesapeake A Ohio.
18,121
22,513
2,787
3,935
Chesterlleld A Lam December
6,082,518 6,230,203
1 ,125,009 1,050,743
Chicago & Alton Ry December
134,775 5,900,765 5,422,358
124,888
Chic Great Western 1st wk Feb
94,457 3,618,849 3,044,597
92,082
Chic Ind A Loulsv. 1st wk Feb
York Cen tral.
—See
New
Chic Ind A Southern
5.133.35S 4,790,712 31 ,003,284 29,040,884
Chic Mllw & St Paul December
32,931,035
5,717,035 5,090,257 35,879,940
Chic & North West. December
1,314,978 1,115,042 7,438,338 6,964,203
Chic St Paul MAO. December
33,549 1,035,111 1,050,787
29,919
Chic Term Tr RR.. 1st wk Feb
hern
Ra ilway
Sout
—See
Cln NO & Texas Pac
tral.
Cinclnnat1 Northern —See New York Cen
Yorlc Cen tral.
Clev Cln Chic & St L —See New
191,030 1.308,480 1,108,975
208,072
Colorado Midland.. December
238,850 8,197,855 7,252,005
275,327
tt Col A South Sys_. 1st wk Fek
144 .070
153,076
27,135
27,038
Col Newb & Laur_. December
291,348
345,370
55,198
04,091
November.
Copper Range
94,594
109,663
17,306
15,791
December
Cornwall
191,038
209,948
38,052
38,074
Cornwall A Lebanon November.
335,600 12,885,897 12,065,400
341,800
Denv & Rio Grande 1st wk Feb
658.035
743,403
20,601
22,407
Detroit A Mackinac 1st wk Feb
130,805 2,535,812 2,470,137
107,290
wk
Jan
4th
Det Tol A lront Sys
84,274
141,044
23,203
28,459
Dul R L A Wlnnlp. November.
1,877,933
48,824 1,974,757
45,140
Dul So Shore A Atl. 1st wk Feb
4,194,520 4,238,409 27,025,201 25,859,988
December
Krie
Evansville A Ter II —See Rock Island S ystem.
12,992
8,890
2,409
1.429
Fairchild A N E... December
388,930
418,911
51,787
54,251
Fonda Johnst A Gl_ December
1,437,700
234,084 1.533,291
254,190
December
Georgia RR
7,700
Georgia Coast A P’t November.
hern Rail way.
Georgia South A Fla —See Sout
029,483 20,501,304 24,275,527
071,301
Grand Trunk Sys.. 1st wk Feb
97,850 3,431,434 3,134,302
100,303
Gr Trunk West.. 3d wk Jan
890,788
1,053,017
20,328
32,401
Det Gr Hav A Mil 3d wk Jan
1,184,782 1,140,574
33,442
34,795
Canada Atlantic. 3d wk Jan
2,352,887 3,410,407 31,489,312 30,100,056
January
Great Northern
237,193 1,032,460 1,616,490
193,039
Montana Central. January
..
.
.
__
..
system
January
1th wk Jan
December
..
Island.
Previous
Current
Previous
Year.
Year.
Year.
Year.
8
030
k Ateh
Total
Current
8
—See Sout hern Rail way.
Ala Great Southern
Ala N O A Tex Lac
122,577
117,595
X O & N East... 4tli wk Jan
59,805
03,613
Ala A Vicksburg. 4th wk Jan
60,780
58,652
Vicksburg Sh A 1 4th wk Jan
4,009
3,934
AlaTenn
North.. November.
Gulf A Ship
IFcek or
Month.
HOADS.
July I to
nos.
_
2,540,526 3,047,660 33,121,772 31,777,146
1,406,155 1,187,724
58,948
61,530
564,087 3,504,039 3,421,818
500,514
4,073,431 4,510,438 32,033,429 29,835,059
Hocking Valley
January
Illinois Central
100,000 5,483,555 4,345,177
125,000
Inter A Great North 1st wk Feb
4,178,818 3,033,529
109,501
133,802
nlnteroceanlc (Mex) 1st wk Feb
51,956 1,945,055 1,821,023
58,324
1st
wk
Feb
Iowa Central
1 ,169,257
1,087,351
181.444
180,202
Kanawha A MIch._ December
4,389,772 3,613,179
055,553
7S8.108
Kansas City South. December
York Cen tral.
Lake Erie A West’n —See New
Cen tral.
Lake .Shore A M Son —See New York
2,821,530 3.008,050 18,374,243 17,572,247
Lehigh Valley
i December
202,081
270 .937
41,152
38,038
Lexington A East.. December
Inc. 585, 983
Inc. 54, 198
December
Long Island
457,000
587,498
70,731
79,804
Louisiana A Arkan. December
838,370 28,099,931 25,070,598
841,795
Louisville A Nashv. 1st wk Feb
97,783
102,559
13,210
14,000
Macon A Binning.. January
26,195
20,098
October
A
E
Manistee
No
50,018
49,276
4.937
3,971
January
194,190
188,243
Manistlque
27,723
20,599
Maryaml A Penn.. December
2,502,707 2,207,805 14.347,574 13,498.308
^Mexican Central... December
139,858 4,750,109 4,055,515
152,602
1st wk Feb
a Mexican Internat.
148,300 4.041.000 3,570,100
158,200
3d
wk
Jan
a Mexican Railway.
649,848
085,841
23,957
20,130
wk Jan
a Mexican Southern 3d
—See New York Cen tral.
Michigan Central
458,980
457,200
12,590
10,308
1st wk Feb
Mineral Range
00,113 2,329,787 2,337,389
57,377
Mlnneap A St Louis 1st wk Feb
7,151,493
171,577 7,523,332
107,598
Minn St P A S S M. 1st wk Feb
359,532 16,084,085 13,389,037
454,824
Mo Kansas A Texas 1st wk Feb
28,340,232 25,931,038
733,000
744,000
Mo Pac A Iron Mt.. 1st wk Feb
1,214,313
991,322
30,000
24,000
Central Branch.. 1st wk Feb
703,000 29,331 ,554 27,145,351
708,000
1st wk Feb
Total
400,475
743,921
92,984
139,700
h Mobile Jack A K C December
hern Rail way.
—See
Sout
Mobile A Ohio
895,981 5,088,908 5,202,955
975.025
Nash Clwitt A St L_ December
250,678 8,951,182 8,101,029
278.524
1st wk Feb
007.375
18,054
Hidalgo A N E__ 1st wk Feb
142,824
107.430
12,158
13,708
January
Nev-Cal-Oregon
25.233
39,445
3.677
7 232
December
Nevada Central
..
,091.804
7,112,404 7,185,768 50,023
N V C A Hud River January
898
,842,034
3,464,GIG 3,408,107 35,401
Lake Shore A AI S January
.204,087
450,165 3,100 934
413,.r>()3
Lake Erie A West Januar y
,272.920
194,749 1,431 895
245,428
Chic Ind A Sou.L January
,030,452
2,278.820 2,079,742 15,935 270
.Michigan Central. January
1 ,828SOI 1,804,052 15,001, 195114,150,789
Clcve CCA St L_ January
I
.910,440
489
1,839
262,027
241 .760
Peoria A Eastern January
538,445
020 150
70,803
74,190
Cincinnati North. January
,900,128
8,526 486
1 .002,148 1,115,084
Pltts A Lake Erie January
,017,053
107,850 1,720 234
104,895
January
Rutland
,033,294
807.475 5,832 500
816.297
N Y Chic A St L. Januazy
York Cen tral.
N Y Chic A St Louis —See New
023 779
4
.447
,292
59.3
,282
590,874
N Y Ont A Western December
.415.8S 3
1 .497 .256
234 ,385
207,910
N Y Susq A West .. December
,880,870
,274,241 15 ,085 ,078
2,443,109
Norfolk A Western. December
,049,754
1 .001 .940
953,549 s6 ,270 ,054
Northern Central.. December
37
,522,320
4,139.559 4 ,550,114 40 ,912 ,894
January
Northern Pad tic
.997,210
3
.475
,043
541,549
001.348
November.
Pacific Coast Co
,947,141
13025017 1 1970117 78 ,413 ,IW1
dPenn—East P A E December
Inc. 4,0
,500
Inc. 35 0 ,100
December
dWest P A E
tral.
Peoria
A
Eastern —Sec New York Cen 1
8
,083,938
,505 ,038
301,203
1 .401 .803
Phila Balt A Wash. December
.031,058
692,307 4 ,098 .338
060,853
December
Philadelphia A Erie
.209,212
2,550,255 2 .450,374 15 ,333 .025
Pitts Cln Chic AStL December
York Cen tral.
Pitts A Lake Erie —See New
30,109
45
1.910
8,137
Raleigh A Southport December
,822,902
3 ,414.188 2! .042 .no
3,514,047
December
Reading Railway..
.102,712
3,908,230 3 .424,453 17 ,992 .247
Coal A iron Co.. December
.925,614
7,482,877 0 ,838,041 39 ,034 .no 3
December
Total both cos
045,574
710 958
137,822
100,835
November.
Rich Fred A Pot
308,345
303 ,470'
71 .088
80,71 2
November.
Rio Grande June
355,001
374 .083
1 1.187
7,570
1st
wk
Feb
Rio Grande South..
,0ln.770
4 .542,200 29 .957 ,271
5,159,385
December
Rock Island System
201
,011 ,400
4,372,897 3 787,531 24 ,391 019
December
e St L A San Fran
.141,141
1 .208
172,417
198,000
f Evans A Ter H. December
,763,323
9,730,942 8 502,208 55 ,557 152'
Total of all llnes. December
—See New York Cen tral
Rutland
065,932
721
,575
123,981
120.275
St Jos A Grand Isl. November.
Island Sy stem.
—See
Rock
St L A San Fran
,407,153
150.705 0 ,428 793
203,392
St Louis Southwest. 1st wk Feb
,237,254
1,417,943 1 239,108 7 ,739 ,558
.Seaboard Air Line.. December
211,530
205 ,230
27,040
29,237
January
Sierra Railway
839,034
084
901
113,140
131 .634
Southern Indiana.. January
,003,178
910
01
.570
10700428 8 929,173
December
^Southern Pacific Co
,175.158
1 ,017,359 33 ,894 348
Southern Railway.. 1st wk Feb 1,000,082
,503,807
104,559 0 .176 41!)
108,122
Mobile A Ohio... 1st wk Feb
,741.808
272,087 4 .924 .892
210,445
Cln NO A Tex P. 4th wk Jan
2
82
,179,113
,375
138,208
149,390
Ala Great South. 4th wk Jan
,108,891
1
,481
,271
109,875
178,014
January
Ga South A Fla..
003,001
722 477
29,9,42
31,813
wk
Jan
4th
Texas Central
,989,007
22!? 2 f> 1 10 ,150 147
298,044
1st wk Feb
•»o
Texas A Pacific
21 ,099
4 4<?
7,005
6,357
Tidewater A West. September
,227,174
1' ,517 ,515J
355,754
374,333
Toledo A Ohio Cent December
821,728
779 037
20,1 29
20,191
9
Toledo Peo A West. 1st wk Feb
,557.648
,548 970,
73,473
70,727
1st
wk
Feb
Toledo St L A West
22.499
29 9 2(1
3,938
5,322
Tomblgbee Valley.. December
434,150
452 938
65,303
55,284
Tor Ham A Buffalo January
,817,083
0,419,034 T> 575,198 39 020 249
Union Pacific Syst. December
504.280
588 31S
85,550
92,834
Virginia A So West. January
470,817 10 710 031 15 ,205,529
407,332
1st
wk
Feb
Wabash
,771.314
88,127 3 209 433
97,208
Western Maryland. 1st wk Feb
.843.300
3 058 99(3
291,7 74
305 ,374
West Jersey A Sea’e December
,341.567
149,101 3 570 785
142,100
Wheel A Lake Erie. 4to wk Jan
80,511
74 2 it:
1 1,402
12,890
W’msport A X Br.. November.
,094.34 2
982
211
002,970 3
609,201
November.
Wisconsin Central..
91,525
99 30(1
18,827
21.154
,792.019
Wrlghtsv A Tenn.. November.
901,618 5 013 504
981,377
Yazoo A Miss Val’ey January
_.
__
-
«>
__
..
•>
_.
..
.
Various
_
Fiscal Years.
Mch 1
Atlanta A Charlotte Air Line
Bcllefonte Central
Manistee A Northeastern
Manistlque
Mexican Railway
Mexican Southern
New York Central
Lake Shore A Michigan South
Lake Erie A Western
l Chicago Indiana A Southern
Michigan Central
Clev Cln Chic A St Louis
Peoria A Eastern
Cincinnati Northern
Pittsburgh A Lake Erie
Rutland
N Y Chicago A
Northern Central
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
St Louis
Penn—East of Pitts A Erie— Jan
d West of Pitts A Erie
Ian
Phila Baltimore A Washington.
Jan
Philadelphia A Erie
Jan
Pitts Cln Chic A St Louis
Dec
Rio Grande Junction
(1
Jan
Jan
Texas A Pacific
West Jersey A Seashore
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
to
to
to
to
to
to
to
to
Nov
Jan
Oct
.Ian
Jan
Jan
Jan
Jan
to
to
to
to
Jan
Jan
Jan
Jan
Jan
Jan
Jan
to
Jan
to
Jan
1 lee
Dee
1 lee
1 >ec
1 lee
Dee
Nov
Feb
Dec
to
to
to
to
to
to
to
to
to
to
to
to
Previous
Current
Year.
Period.
30
31
31
31
21
21
31
31
31
31
31
31
31
31
31
31
31
31
31
31
.".1
31
Year.
$3,110,000 $2,933,299
5,083
301,824
4,937
408,100
70.520
5,133
365.747
3.97 1
450,700
72.321
7,185,768
7,412,494
3,404 .01 0
3.408,167
450,165
194,749
2,979,742
413.503
245,428
2,278.820
1,828.801
24 1,700
1,804,052
202,027
70,803
115,084
1 ,092.148
197,850
191.895
3 07,475
816,297
11 .74
,5-1 > 10,045.848
74,190
1
14 8 2 3 9 85)11 133921990
me. 8.4 79.800
10 018,940 14,753 949
8,270,751
8,304,200
31 29.490,584 26 748 137
019.381
30
734,195
1,504,003
1 .904,572
7
4,675.558
31
5,229,458
__
AGGREGATES OF GROSS
Monthly
Cur'nt Year Prev’s Year.
Summaries.
5
4 til week Nov
1st
2d
3(1
4th
1st
2d
3d
4th
Irt
week
week
week
week
week
week
week
week
week
Dec
Dee
Dee
Dee
.Tan
Jan
Jan
Jan
Feb
(45 roads)
(41 roads)
(43 roads)
(41 roads)
(39 roads)....
(40 roads)
(41 roads)....
(42 roads)
(4ft roads)
(37 roads)
...
14.843,402
5) .!>12.277
10,104,107
9,5)43,080
14,385,803
8,889,44!)
0,250,542
9,337,337
14,215,041
8.219.199
13,703,769
8,989,342
9,531,705
9,331,461
13,102,825)
7.819,570
8,522,557
8.9S2.078
13,830,070
8.107.549
+ 1.079,633 7.84
+ 922,935 10.27
0.63
+ 032.402
+ 011 ,625 0.55
9.14
+ 1,202.974
+ 1 ,009.879 13.08
8.01
+ 733,985
3.05
+ 354,059
2.78
+ 384,974
1.37
+ 111,041
Cur’nt Year Prev's Year.
Monthly Summaries.
%
$
S
S
Month
Month
Month
Month
Month
Month
April 1900 (ill
May 1900 (124
June 1900 (113
July 1900 (117
Aug 1900 (118
Sept 1990 (122
Montli
Month
Month
Month
Oct
Nov
Dee
Jan
1900 (119
1900 (123
1900
(05
1907
( 08
130.0S5.537
roads). 152,183,742
roads). 140,010,301
roads). 108,330,401
Loads).
roads).
roads)
roads).
roads).
roads).
roads)
.
179.191 ,945
184.551.471
198,733,229
180,090,274
83 ,*70 0,332
70.798.432
an
approximation only.
$
Inc. or Dec.
%
3
0.78
+ 8,079,762
128.005,775
138,557,872 + 13,025,870 9.83
130,233,293 + 15,777,008 12.11
148.013.505 + 20,322,896 13.73
159,835,022 + 19.356.923 12.11
7.58
171 ,553,520 + 12,997,951
179.405.207 + 19,327.902 10.77
175,727,985 + 10.971,289 6.24
5.64
+ 4.409,215
79,327.117
2.23
+ 1 .544.739
09,253.093
in uboth
subsidiary
linesh Incl
EvansvilleIncludes
AItsIndiana
RR.
des
in
both
earni
ngs
years
the Indiana Illinois A Iowa
Gulf A Chicago Division, c Includes the Houston A Texas Central and
Includes the Chicago A Eastern Illinois in both years. / Includes
City and all affiliated lines, excepting Trinity A Brazos Valley RR. k
Fe Prescott A Phoenix Ry. I Figures prior to April 10 1903 are those o[
Mexican currency,
b Includes earnings of
d Covers 11 n■ *n directly operated,
c
earnings of Col. A South., Ft. Worth A Denver
of Denver Enid A Gulf RR., Pecos System and Santa
aud Indiana Harbor of Indiana,
n These figures are
a
years,
Inc. or Dec.
EARNINGS—Weekly and Monthly.
3*ti
THE CHRONICLE
Latest Gross
Earnings by Weeks.—In the table which
follows wc sum up
separately the earnings for' the first
week of
February. The table covers 37 roads and shows
1.37% increase in the aggregate over the same week
last
*
1007.
1900.
$
Buffalo Rochester & Pitt
burgh
Denver & Rio Grande
Detroit & Mackinac
Duluth South Shore &
Atlantic.
Grand Trunk of Canada
1
Grand Trunk Western
.>■
Detroit Gr Haven &
.\iUw_-!
Canada Atlantic
i
International A Great Northern'
Interoceanlc of Mexico..
Iowa Central.
05,700j
12,900
197,000
32,3001
"
377
9.887
2 ,375
8 .030
134,775
94,457
33,549
238,850
341 ,800
22,4 07
.
22,923
1,033,000:
234,400;
2,991
200,700
2,014
124,888
92,082
29,919
275,327
Colorado A Southern
1
153,401
830,000:
Chattanooga Sor: ti»-rn
Chicago Grc.it Western_
Chicago India,.np & Luuisvdie..
Chicago Terminal Transier
Increase.' Decrease.
$
130,538
52,800
Canadian Northern
Canadian Pacific
Central of Georgia
Oct
0 ,200
i
r.
3 078
029,483'
41 .878
1 25,000
100,050
109,501
1*7} ,000
24 ,301
0 ,808
3 ,425
12 ,804
July 1
133,802
58,324
Louisville Sc Nashville
Mexican International
Mineral Range
Minneapolis & St Louis
Minn St Paul Sc S S M
Missouri Kansas Sc Texas
Missouri Pacific & Iron Mtu
Central Branch
Mobile Sc Ohio
National RR 01 Mexico.
Rio Grande Southern
St Louis Southwest
,
1
838,370
189,858
12,590
00,1 18
10,308
57.377
1
07,598
! 7 I .577
453,824
359,532
783,0.10
.
!
744 ,ooo24,000
|
I
!
j
j
-
Western Maryland
i
77) ,783
02
3 ,254
73.473
•170,81 7
88.127
_
_
-
-
January.
3.485
403 .187
1 1 1 ,04 i
51 ,5 4 0
reported (35 ro.-uM
Alabama Great Southern.
Alabama
A
*
_
.
117
03
58
210
107
192
240
430
..
.
3!
142
Total (40 roads)
Net increase (2.78 %)
$
721,227
1 1,128
,208;
—
Vicnsburg..
Vicks Shrove & Pacific..
Cine N O & Texas Pad lie
Detroit Toledo Sc Ronton.
Interoceanlc 01 Mexico
Mexican International
National RR of Mexico
Texas Central
Wheeling & Lake Erie
; Increase. Decrease.
i
s
1
12 ,457 902 12 ,040 ,292
149 390
138
5
Previously
Ala New Ur!
Texas Pack
New Ori A Nor Eastern
1900.
i
595
013
052
4 45
290
979
905;
1 22
59
00
272
130
187
228
410
29
149
7741
813;
100;
• >77 f
,805
780.
087
805
070
534
017
_
-
"
*
1
Oct
July
Oct
J
5,303
,57
20,157
1 ,871
j
00!
/
402 891
—
will be found in the issue
of Jan. 26 1007.
in the issue of Feb. 23 1007.
The
next will appear
aads.
Bellefonte
Central
Boston A Maine. I>
Oct
l>
Jan
1 to Dec 51
1 to Dee 31
1 to Dee 31
July
Previous
Current
Year.
5
5
$
Oct
977
1U.203 ,025
9,930.295
2,202,531
5,015,905
9,550,067
2,042.81 1
5,920.732
9 .855,7 13
409
9,4 1 7
215
9,475
558.854
510,7 14
789,428
1 .204,771
Western—Leased lines in N \ State.b
1 to Dec 31
3,271,935
3.034,955
1 to Dee 31
0,503.230
5,91 1 ,478
1 to Dec 31
1! .074 ,800 1 1
.285.232
Jau
Del Lack
Oct
1 .015 .934
1 .890.789
Syracuse Bing.& N Y.b—
Oct
1 to Dec 31
July
1 to Dec 31
Jan
1
Genesee Sc
to Dec 31
Wyoming,
Oct
1
July
1 to Dec 31
Jan
b
1
1 to Dee 31
July 1
l
to
to
387,950
300,005
770,000
.434.451
725,970
.380,270
Dec 31
Dec 31
20.118
70,002
147,950
3.012,747
0,727,104
13.424,001
Subway Division
1
to
July l
to
to
Jau
1
b^—
Dee 31
Dec 31
Dec 31.
Total botli divisions—
Oct
1 to Dec 31
July 1 to Dec 31
Jau
1 to Dec 31
Manlstlque
New
Oct
ew
•7c.
b
Jersey & New York,
July
Jan
b
York Chic Sc St Louis, b
Oct
1 to Dec 31
July 1 to Dec 31
Jail
1 to Dec 31
35,403
83,000
100.945
3,294,285
0,097,701
12,402.338
2,202,485
3.580,148
7,492,083
5.815.924
5.815.232
5.181,602
10,307.252
1 to Dec 31
1 to Dee 31
1
1 .772,250
3,590,984
5,958,425
120,935
209.745
1,887,317
2.988,937
9,080,699
20.916.145
18,218,263
3.971
4.937
1 .553.849
2,941 ,137
5.832,007
'503,025
121 ,292
277,500
579,843
1 .227
9,247
19,202
31,455
40,883
—
to Dec 31
Jnterboro Rapid Transit—
Manhattan Elevated b—
Oct 1 to Dec 31
Oct
153,243
194,128
157,003
-
July
Jan
180,402
148,0 18
35,895
2,212,812
4,007,830
7,989,295
1,237,254
1.801,957
4,133,302
3,450,000
5,809,788
12.122,658
def.115
118,889
2 ,585 .450
5.010.208
9 .902,207
109.155
232,710
30,013
2,575.950
4,705,819
807,490
1,418,749
9,108.729
1 ,774
2,322,510
300
718
077
1
to
to
to
1
1
to
Dec 31
Dec 31..
Dec 31
810,24
2
.
Dee 31..
_
Total both divisions Oct
1 to Dec 31.
July 1 to Dec 31..
Jan
1 to Dec 31
New Jersey & New York—
Oct
1 to Dec 31
July 1 to Dec 31
N Y Chic & St Louis—
Oct
1 to Dec 31
July 1 to Dec 31
Jan
1.901,908
3,390,539
6 .940,107
1 ,142,340
1 .591 ,359
3,0 27,152
3,044,247
4.981 .897
9,973,259
009
1.038
24,537
731,240
1.291,807
2.088,378
3.378,339
89,880
194,175
335,093
71,484
181,295
390,943
6,850
13,700
27,080
def5,773
5,202
2,397
17,755
19,197
28,419
Dec 31
to Dee 31
1
3,494,507
49.808
96,265
188,900
7 ,i)0O
14,000
...
to
July 1
Jan
2,454,208
107,932
,
I to Dec 31.
1
0,018,800
012.005
1.14 0,174
2,182,207
449,737
759.73'
2,472.907
£803,678
2 ,300,759 £l ,1
71,81 0
£903.280
4.294.431 £1,449,402
£1,073,100
8,170.780 £3,545,189
£2,504,140
4,704.115
15,045
30,992
15,540 .rdefl 1,664 .rdcfl 1,875
31,092
£2,892
xdefS.OOO
703,842
1.021,948
1,030.241
.
£721,118.
X810,232 Tl ,031,238
1.224,171 £2,258,122 £2,109,572
9,251,(108
_
7,470
891.022
,507,94 1
2,508,094
5,980,007
578.000
901,273
1,498.732
£127,415
£419,539
£734,074
£107,302
£408,130
£020,362
New York New llav & Hart —
Oct
1 to Dec 31
3.745,931
3,391,792 £1,844,608
July 1 to Dec 31
>>.983,017 0,299,041 £4,551,008 £2,083,570
Jan
1 to Dec 31
12,388,090 10,749,295 £0.714.715 £4,694,072
£8,190,325
Seaboard Air Line
Dec
208,270
201,158
£63,472
July 1 to Dec 31
£114,002
1 .001.942
1,542,76 l£def 30S, 434
£015,078
South Buffalo Ry Co —
:
Oct
1
to
Dec
Peoria
July 1
£
After
31
9,715
19,013
23,703
168,087
31
& Western..Jan
to Jail 31
allowing for
8,81 S
17,217
£1,850
£23,128
£def4,583
22,978
4,700
10,425
26,153
100,050
£def21G
17
other Income.
STREET RAILWAYS AND
TRACTION COMPANIES.
Latest Gross Earnings.
Name of
Road.
Week,
Current
or
Albany & Hudson
nAmerican R.vs Co.
cAur Elgin & Chic
Binghamton Ry..
I
December
’January
Ry! Decent her
!December
Blrm Ry Lt &
Power:December
Brockton & Ply StRy November.
Burlington (Vt> Traci January
.
Cape Breton Elec Co.(November.
Central Penn Trac. ..‘December
Chari Con Ry Gas&El December
Chattanooga Rys Co..'December
Chicago & Mllw Elec.1 December
dChlcago & Oak ParkjJanuary
Cleve Painesvllle & E:
December
Cleveland & Southw.iDecember
__
East St Louis & Sub.
iDecember .:
El Paso Electric
Ft Wayne & Wabash; November.,
Valley Traction
December .1
Galveston Electric Co
Hartf & Spring St Ry November.:
December
.
.
Wk Feb
Year.
25,241!
200,4381
210.73L
100,547
24,523
189,223
7,214
0,217
22,801
58 450
57,644
.
.
91 .307
22.465
150,313
0,595
0,200
20,482
51 ,534,
54,590
1
80,015
72,770
20,155
52,430
06,584,
71,0301
19.841 j
47,540!
118,324
Feb[
Detroit United Ry
1st wk Feb:
Duluth Street Ry
E Liverpool Tr&LtCo |lst wk Feb
September
Easton Consol Elect.
January
Havana Electric Ry
Honolulu Rapid Tr &
Land Co
Houghton Co St Ry..
Houston Electric Co.
Illinois Traction Co..
Indlanap Col Sc South
Jackson Consol Trac.
Jacksonville Elec Co.
Kan Cltv Ry & Light
Lake Shore Elec Rv.
’
S
!
27.125’
.
10
'Jan.
Previous
;
Year.
Dallas Electric
Corp.October
Detroit Mon & Toledo! 1st
wk
—
252,969
--Ilal. of Net E’ngs.—
Current
Previous
Year.
Year.
3
$
Year.
5
3‘»3
Month.
120,490
r
Jan
-
Year.
5
1 .021
1 to Dec 31
1 to Dec 31
r.
31 ,035
75 ,570
Subway Division—
Previous
5,083
1 to Dee 31
July
deducting taxes,
deducting taxes.
*■
1 to 1 )ec 31
1 to Dec 31
1 to Dec 31
July 1
Tol
5,133
21 ,422,180
17,098
143,189
829,980
to
July 1 to Dec
Earnings
Year..
20,379.883
40 ,250.500 37,0 19,39 2
Bridgeton&Sac-o Riv.b.Dc"'
3,020
2,523
July 1 to Dec 3 1
25.859
20,445
Central New England.b—
Jan
1
18.431
Earnings Monthly to Latest Dates.—The table
fol¬
lowing shows the gross and not
earnings
of
STEAM
railroads
reported this week.
A full detailed
statement, including all
roads from which
monthly returns can be obtained, is given
once a month in these
columns, and the latest statement of
this kind
<'urrent
Year.
Jan
—
Jnterboro Rapid Transit—
Manhattan Elevated—
Oct
•>
Net
Yea
5
Genesee & Wyoming—
982
Net
Gross Earn’gs
after
before
1 to Dec 31
1 to Dec 31
1 to Dec 31
Jan
2 134
01 042
1
are
are
Syracuse Bing & N Y—
Jan
787,805!
384.974
124,907
1.144,357
180,209
_.
Oct
,>;>
4
942!
401,795
2,900,292
8,572
12,582
22,995
Dec 31..
1 ,985 ,14
2,007,844
£458,214
July 1 to Dee 31
£751 ,002
4,053 ,37o
4 ,100,083 X1
,892,727 £2,113,034
Jan
1 to Dee 31..
8,211 ,401
8.200,673 X1 .907,297 £2,253.070
Bridgeton & Saco Riv. Dec
543
543
J uly 1 to Dec 31..
def74
def328
3 ,258
3,25 S
6,159
0,217
Centra! New E ngland—
Oct
1 to 1 )ec 31..
59 ,000
53,719
4 uly
£75.244
1 to Dec 31
£111,031
115,382
103,889
£9 1,074
Jan
1 lo Dec 31. :
£l 20,737
228,180
199,175 zdef28,141
£55,829
Del Lack & West—Leased
lines in N Y State.
Oel
1 to Dec* 31
018,230
000,328
1,154,020
July 1 to Dec 31
953,521
1 ,233,454
1 .218,308
Jail 1 to Dec 31
2.303,530
1,722,829
2,403,918
3,748
14 .2 1 5 0 44113 ,830
070 *
-
s
303
,
1.01
Maine
tV
Jail
1907.
488,059
3,118,784
Roads.
July
k of
21,797
2,149,635
—
year.
vet
31 ,202
2,087
11.770
375,539
—
_
For the fourth week of
January our final statement covers
44 roads and shows
increase in the aggregate over
3.24%
the same week last
Fourth
Dec
139,454
2,401,026
.
_
9 ,141
8,219,190! 8,107.549
34,090
5,009,799
10,440,384
17,445,859
.
0 .077
20,129
801,001
28,409
179,112
Year.
$
—
3,0 1 1
222.201
97,208
Dec
Dec 31
Bellefonte Central
Boston
1,187
40 ,0 27
1 12,319
—
3 ,503
7 ,840
50,705
,017,359
407,332
;
Total (37 roads)
Net Increase
(1.37%)
1
298,044
20,191
76,727
111.011
759,449
given
Oct
1
11.157
42 ,305
—In!., R1 nit ils, Ac
Cunt )t?
Previous
1!,7^0
.3.979
w
Previous
Interest Charges and
Surplus.
95 ,292
1 1 ,000
,559
250.078
1
to
Jan
2,288
i 04
! 1,000,082
Texas & Pacific,
Toledo Peoria & Western
Toledo St Louis & Western
Wabash.
b
30,000
108.122
278,524
7,57 0
203,392
[
Southern Railway
5 1 ,950
84 1 .795
1 52,002
Earnings——
105,233
195.035
272,824
.
Net earnings here
given
Ne~ earnings here
a
...
Net
Current
Year.
S
l-ll ,087
S'Telephone Co
Wheeling Sc Lake Erie.b
i
.
-
to Dec 31
U
48.824
071 .301
1
July 1 to Dec 31
Tol Peoria & West.b
July 1 to Jail 31
36,477
335 ,000
20,001
45,140
lxxxiv,
Year.
Roads.
$
New York New I-lav &
H&rt.b—
Oct
1 to Dec 31
14.027.310 13,540,070
5,050,309
July 1 to Dec 31
28.320.929 27 ,395 .585
Jan
Iff.422,350
1 to Dec 31
53,915,005 52,005.170 10.308,707
Phila Sc Erie.b.
Dec
000,853
092 .307
Jan 1 to Dec 31.
88,991
8.304.250
8,270.751
2,191,020
Raleigh & Southport.a. .Dec
8,137
4,910
2,281
July 1 to Dec 81
45 .224
30,109
12,082
Seaboard Air Line.a
Dec 1 ,417,9 18
1,239,10o
331 ,521
July 1 to Dec 31
7,739,558
7,237,254
1,345.882
South Buffalo RyCo.b —
88.60 1
4,399;
97,640
12,837
80,3131
11,993)
31,220
23.341
188,803
35,071
20
,815!
December
December
December
1
18.545;
57,105
302,165
21 ,087
latest
date.
Previous
Year.
210,731
200,438
301,400
1 ,931,848
1 ,603,633
277.038
0,217
0,200
080,286
050,884
588,074
481 .831
424,262
594,874
■
601 .828
884.200
72,770
271.100
645.849
71 .030
245,089
24,670
533,920
71,711
543,226
2V, 341
478,538
00,093
2,041,45D
350,07o
20,815
1,724,096
263.83
87,326
1,109,192
287,870
173,896
245,717
139,582
22,523
10.800!
30,075!
1
November.:
lo
Current
Year.
105,212
25,479!
101,379
25,801
11.637
34,400
31,593
1
*
—
December
November.
i
February.
-—Gross Earn’gsCurrent
Previous
Year.
S
year.
First, neck of
[Vol.
29,4871
10,215
52,2361
247,449
19,135
10,908!
10,573;
November.! 33,468! 22,4231
December 1 499,032 447,798)
December
70.845!
00.500!
949,49
193,577
175,707
>349,915
209,269
537.230
3.013,108
240,034
145,342
294,584
5,484,990
323,193
150,212
470 J) 00
800.970
2,442,389
210,259
124,653
282,018
4,880,320
788.208
Feb. 10
Latest Gross Earnings.
Name of
Road.
Week or
Month.
Lex A Interur Rys Co
Madison A Int Trac..
Manila Elec Ry & Ltgi
Novem her
December
.
.
130,128'
52 225
116.226
30.689
444,271
21,571
)ccemi>er
November.
November.
December
December
December
October
November.
..
125,866
177,181
146,498
211 ,176
1 25 .",.7
open passe lger cars, 212 freight and construction cars. 13 line cars, 36 ex¬
press cars. 6 miscellaneous ears, 2 locomotives, 2,288 motors and
There arc nine power plants with a combined capacity of 31,385
trucks.
horse power; two storage bat teries, with a combined capacity of 4,500 am¬
peres. and 12 sub-stations, with a combined capacity or 7.150 1\. W.
1,766
1
Principal Additions and Betterments
66,578
50,420
68,699
562,558
*"6 -57'
532 ,OMi
143.229
143,237
1 ,099,762
428.058
739.889
2.047.610
289,232
1 13 -.229
964.2: 3
374 .40s
568 .60 !
26,766
A
68
730,462
18.459
35.040
20,528
27,269
21 ,588
Revenue passengers
Transfer passengers
Employee passengers
•
- - - —
.
_
Figures for the month in both years include operations of the Scranton
Ry., acquired Jan. 1 1906.
c These ligures are for consolidated company.
line,
h These are early preliminary returns;
lire and strike among employees, Aug. 26 to
Sept. 5 1906.
k Decrease due to Lewis & Clark Exposition last year.
a
Total passengers
Receipts revenue pass..
Receipts per passenger..
d These are results for main
decrease due to earthquake,
p
Includes earnings of Canton-Akron Consol. Ry. for
ures are
for ail departments.
entire year,
n
Fig¬
Roads.
Auburn & Syracuse.b—
Oct
1 to Dec 31
July
1 to Dec 31
Jan
1
to Dec 31
^
76.680
102,704
336,490
66,224
166,140
284,795
31,135
89,167
138,022
66,562
160,884
SOS,332
64,000
152,376
274,462
26,979
77,595
166,075
336,728
638,092
149,325
31I.67H
165.720
4,590.218
265,071
39,872
.1066
.0949
2,344,597
.255!
.1728
.0823
22,274,234
.2265
.1373
.0892
Calendar
Oct
1 to Dec*31
July
1 to Dec 31
Jan
1 to Dec 31
Crosstown St Ry, ButTalo.b—
Oct
1 to Dec 31
rmiTans—.*wf
-ti
i-
ii
•
•
i-
July
1 to Dec 31.
Jan
1 to Dec 31
Oct
1 to Dec 31
July
1 to Dec 31
Jan
1 to Dec 31
298,311
556,291
Transfer passengers.
No.
4,939,224
5.07 CtS.
76,643
131.740
4.90 cts.
21,972,693
23.34 cts.
9.02 CtS.
21.82 cts.
8.87 Cts.
20.672 Cts.
8.10 cts.
$6,063,182
3,718,621
$5,125,563
3.041,523
$4,541 ,805
2,763,092
$2,344,561
$2,084,040
58.757
4 1,076
$1,778,713
42,777
$2,403,319
$2,128,116
$1,821,490
$1,113,294
& floating debt.. ...r$l ,243,273
(5)625 J>00(4 R) 562 ,500
$1 .075,786
mile.
.
-.
2,176.767
3,928,112
436,228
1,120,736
1,806,763
135,031
Norfolk & Portsmouth-.Dec
1 ,497,186
Jan 1 to Dec 31
126,670
1,380,415
51,399
570,540
Richmond Lt & RR.b—
Oct
1 to Dec 31
July 1 to Dec 31
Jan
.
1 to Dec 31
Ht A Power. Jan
Syra Lake Sh & Nor.b—
St Jo Ry Lt
Oct
970.084
1 to Dec 31
355.881
!
997.951
I
1,745,397
;
277.859
def575
29,227
38,945
3.393 !
14.970 ;
def250
68,699
66,578
30,997
32,903
def 1,689
18,292
84.890
32,203
61 ,7 5 8
399,11 3
-
Interest Charges
July
1 to Dec 31..
Jan
1 to Dee 31
Oct
1 to Dec 31
July
1 to Dec 31
Jan
1
to I )ec 31
Crosstown St Ry, Buffalo—
Oct
1 to Dec 31
July 1 to Dec 31
Jan
1 to Dec 31
....
,r72,233
£9,952
£45.927
£53.281
23,148
46.286
21 .82 1
43.389
£5,395
£33,426
£7,840
£34,413
90,686
85,954
£52,277
£48,353
27 ,000
61 ,397
115,397
£27,325
£68,550
£14,402
£48,422
180,896
£92 277
£78.787
£318,262
240.471
£777,860
482,577
956,032 £1,010,223
£187,888
£610,582
£910,916
27,000
54 .000
108.000
1,083
1 to Dec 31.
2,649
Til-City Ry & Lt
Dec
32,124
243.138
April 1 to Dec 31
r After allowing for other income received.
Oct
r54,654
47,339
94,578
Syra Lake Sh A Nor—
.
Year.
Year.
X13,514
International Ry Co, Buffalo—
247,063
Oct
1 to Dec 31
494,779
July 1 to Dec 31
974.848
Jan
1 to Dec 31
Richmond Lt A RR—
Oct 1 to Dec 31
July 1 to Dec 31
Jan
1 to Dec 31
—Bal. of Net E’ngs.—
Current
Previous
15,955
32 ,2 1 1
64 ,555
96.704
191 ,125
1 to Dec 31
July
j
Includes $101,417 on account of the Detroit Monroe
was taken over March 1 1906 (V. 82, p. 392),
BALANCE SHEETS DEC. 31.
U n i ted Iiy—
1905.
1906
A suits—
8
$
1 nvest ments
33,566.1 11 32,815.879
2.342.436
Current assets 4,502,267
St ores
217.794
313,548
-
Rapid
Di tro i l
Prepaid taxes,
1906.
$
5,042 385
7.963
8.212
£1.271
£defl9,185
£2,500
£defl9.690
£def94,400 .rdefl 3,629
£def2.725
£29 ,744
32,528
255,772
$1 .575,786
$245,704
$1,675,793
$452,323
$2,118,273
$285,045
deductions
Ry
1905.
$
4.885 311
1 1,490
3,176
•
& Toledo, which
s.ir.d-.i.
1906.
D.M.dT.
Js
$
4.982,677
875,473
118.661
.2.662
2,408
3,512
1906.
884
1,543
2.566
8 0.043
90.279
19,456
39.135
31.500
10.497
20,994
Total assets 3S ,521.353 35,571,887
L labilities—
Capital stock, 1 2,500,000 12,500,0(0
Mtge. bonds.i] ! 1,162,000 20.387.000
5,108.192
4.952.471
1,002,715
4,987,070
2.000.000
2.000.000
2.665.000
297.000
400.000
2.434,000
2.434.000
70.000
411
65,500
43,897
Are
Cash
Accident f d..
—
Cur. liabilities 2.218,769
18,283
35,717
67 ,754
48,463
250.000
2,665.000
3-yr. 5c'c notes 1,000.000
and Surplus.
—Int., Rentals, Ac.—
Current
Previous
Year.
Year.
S
$
Auburn & Syracuse—
Oct
1 to Dec 31...
road
54.119 i
551.-103 i
July 1 to Dec 31
64,652
144,535
157,239
Tri-City Ry & Lt.a
Dec
1 ,091,693
498,910
1,25 1,507
April 1 to Dec 31
Net earnings here given are after deducting taxes.
Net earnings here given are before deducting taxes.
Roads.
Total
(4)500,000
.
Surplus income
255,47 1
53,795
129,866
231,641
61 ,453
157.078
.
Depreciation charged oil.
60.704
140,905
88,434,831
24,207,211
4,156,719
4.92 Cts.
.
Deductions—
Interest on fund.
Dividends (%)
28,973
1904.
1905.
99,137.558
28,029,945
4,4 48.905
20,697,935
Net earnings 1
Other income
x
,068,660
2,410.920
4,328.063
1
.3596
.2353
.1243
25,973,526
Net earnings per ear
Gross earnings
77,717
116,815
b—
820,205
.1121
32,840,259
_
.
-.
25.807
74,394
162,652
278,201
.2696
.2580
Years 1904-06.
1 906.
.113,01 1,309
Previous
139,888
.032,461
tDetroit United Ry., Rapid Ry. system and Sandwich Windsor A Amherst¬
burg Ry., and, after March 1 1906, Detroit Mon'roe A Toledo Short Line).
-.
Binghamton Ry.b—
4 4,063
1
2,470,591
.(>536
.0492
534,490
.2328
.1207
5,2 66,276
142,021.464
.0460
.0341
(10 Mos. )
988,398
2,264,999
4,689,535
Combined Results for
reported this week. A full detailed statement, including all
roads from which monthly returns can be obtained, is given
ohee a month in these columns, and the latest statement of
this kind will be found in the issue of Feb. 2 1907.
The
next will appear in the issue of Mar. 2 1907.
Net Earnings
Current
D.M.&T.
1 ,S. W.AA.
li. R. Sus.
V. Ry.
130,081
...
105,068,377
32,36 2,869
Car mileage
Earnings per car mile
Expenses per ear mile..
Net earnings car mile..
Street Railway Net Earnings.—The following table gives
the returns of STREET railway gross and net earnings
-Gross Earn'gsPrevious
Current
Year.
Year.
$
$
117,467
1
Traffic Statistic for Calendar Year 1906.
D.
95 947
..$159,124
Rapid Railway System
Detroit Monroe & Toledo Short Line Railway
Sandwich Windsor & Amherstburg Railway.
406.043
6,4 27.990
6,023,698
8,460,0 16
251,643
9.1 16.348
273.266
305,035
Controlled Lint'S (additional).
Additions and Betterments of
-
6,579,821
7 82,515
and
10 double-truck closed cars, complete,
single-truck and
tin* finishing of one parlor car
Addition to power house H, including new stack; additional boilers
and appurtenances, 350 K. \V. Booster, and the completion of
Woodward Ave. and Cortlandt St. battery station.’
:
252,004
451.710
604.686 fib 393,587
Total so Charged $1,025,922.
new
1 .913.456
132,292
—
downtown route through Griswold St.; permanent founda¬
tions lor track; standardizing 18,705 ft. of double track iu Grosso
Pointe and 5,547 ft. of double track In Wyandotte, and addi¬
tional sidings and yard tracks
..$447,131
Additional feed wire, trolley wire and poles.
9S.717
182.630
1,692,764
51,981
144,535
December
157,239
4th wk Jan
146,826
Novem b‘»r. h 5 -16.160
December
..
137,379
13,879
123,472 A:1.538,828
45,108
55,459
175,745
186.848
28.792
58.358
i)
210.484 j
-
90,953
75,437
..
332,600’
400,393
5,220,685
225,447
620.2 miles
78.G miles
..541.5 miles
.
During this year the company purchased the capital stock of the Detroit
Monroe & Toledo Short Line Ry. (V. 82, p. 392), together with the capital
stock of the Monroe Piers & Park Resort, the Roller Coaster Co. and the
Newport Stone Co., paying therefore, including interest, $1,040,260.
The company's rolling stock consists of 830 closed passenger cars, 342
....
143,237
104,816
48.791
..
Total..
129.806 n! ,703.340! nl ,552.970
1 ,497,186
1.380,115
1 20.670
45,049
14,976
1907
miles
miles
miles
miles
201,066
232,755
10,174
1 1 .904
.9 miles
.1 ndles
74.4 miles
Sandwich Windsor & Am. Ry
25.2 miles
Det. Mon. & Tol. Short Line Ry..(V.82,p.392)
3,523,4391 3,226.535
609.000
702,2221
1
1,391,407 1,170,849
57,797
125,866
3.3 miles
126.6 miles
Rapid Railway System
110,126
Jan. 1
393.0
127.5
25.3
74.4
Since Added.
389.7 miles
Detroit United Railway
71909,080'
201,066
297.465
48,336
68,699
.
October
Wk Fek
8,704
144,322
January
November.
November.
January
1
12,133
13,045
.
Syracuse Rap Tr Ry.
Tampa Elect re- Co..
Terre Haute T <v L Co
Toledo Rys & Light..
Tol Urb & Inter Hy__
Toronto Uaiiwa'Tri-City Ry & Lt Co
Twin City,Rapid Tran
United RR of S F
United Rys of He.lt..
United Rys of St L
Wash Alex & Mt Ver.
Western Ohio Ry Co.
Whatcom Co Ry & Lt
866,970!
137,379
16,101
13,299
! v cember
December
November.
_.
Jan. 1 1906.
$
$
60 ,500
93,458
Northwestern Eiev.. January
Oklahonia City Ry.. December
Year.
1
S
70 .845
141.709
135,031
..
! Previous
Year.
$
The Detroit United Ry. owns all of the capital stock of the Detroit & Port
Huron Shore Line Ry. (Rapid Railway System,see V. 84. p. 338), the
Sandwich Windsor & Amherstburg Ry. and the Detroit Monroe & Toledo
Short Line Ry.
Miles of Track in System.
latest date.
to
Current
Year.
P85.300
232,755
326,065
56,379
960,003
132,549
33,501
506,534
22,058
..
1
Jan.
Previous
Current
Year.
i
D ecember.
Corporation
Met WestSkle Elev_- January __i
Mllw Elec Ry os Lt Co December
Mllw Lt Ht oc Tr Co..; December
Montreal Street Ry . - Week Feb
Nashville Ry Os Light December
N J & H R Ry &Fy Co November.
N O Ry A Light Co. November.
Niagara St C & Tor.. October
Nor Ohio Trac A Lt. December
Norf & PortTr Co' December
Northern Texas Tr Co October
Peeksklll Lighi oc RR
Pitts M’K & Green
Portland Rvs Co
St Joseph (Mo) Ry Lt
Heaf& Power Co
Savannah Electric Co
Schuylkill Ry Co
South Side Elevated.
387
THE CHRONICLE.
1907.]
Unredeemed
tickets, Ac.
I nsur.. Arc. Jd.
Due Detroit
United
S u r pi us
1,231,813
44.208
50,104
29.777
.25,661
1,546,272
1,397.637
liy.
.
Tot. Iiabilit’s38,521,353 35.571.8S7
z
Consists of bills
21.007
IS .854
2.720
948
5.634
1.838
422,185
268.6 18
198,529
33.51S
111,787
5,108,192
4,952,471
1.002,715
4.9S7,670
payable.—V. 84, p. 3 38, 270
Lake Shore Electric
-
.
Railway Company, Cleveland, Ohio.
{Report for Fiscal Year ending Dec. 31 1906.)
in substance:
President E. W. Moore says
Bonded Debt.—Total bonds outstanding, $4,908,000; general mortgage
bonds In treasury for extensions and betterments, $2,092,000; total bonds
authorized. $7,000,000.
(Compare page 27 of “Street Railway" Section.)
miles of second track was constructed
Track.—During the year 15
between Rocky River and Lorain, which, together with tlie sidings, com¬
pletes the double track between these two points.
Ballasting between
Wood vl lie and Toledo City limits was completed with crushed stone.
In
Sandusky the remaining portion of the double track on Columbus Ave. was
re-built.
On the Sandusky-Norwalk division three of the old wooden
trestles were re-built, so that the company may at this time run its heaviest
cars on any
portion of the entire property.
It Is expected that considerable
be built during this year.
Rolling Stock.—Ten 50-foot Interurban cars were purchased.
The com¬
pany owns and has now In service 54 double-truck Interurban cars,
additional second track will
25
single-truck city cars, In addition to 29 work cars, making a total of 108 cars.
Contracts have also been closed for 12 additional 50-foot interurban cars
and equipments, to be.delivered In time for the coming summer
Power Department.—A high-tension transmission line was
The Beach
between Beacli Park and Dover Bay. 9.34 nflles.
business.
constructed
Park power
extended, and in it was installed one 2.000 K. W. tur¬
converters, &c.
Additional sub-station capacity was also pro¬
plant building was
ANNUAL REPORTS.
Detroit (Mich.)
United Railway.
{Report for Fiscal Year ending Dec. 31 1900.)
gives the following data:
President J. C. Hutchins
^,**-11*,r/F.;H’MlfurtfL
I,
F'-v-ii -r
bine with
vided.
Contracts have been closed for the Installation of an additional 2,000
K. W. turbine at Fremont power-house, with necessary transformers,
switchboard, condensers, &c.; also machinery
the present sub-stations on the Toledo division.
power-houses at Sandusky and South Lorain will
material saving in power expenses.
n w) q'v n|*n|i '/ft
pti.i**i! M:t
for the strengthening of
With this Installation the
be dismantled, making a
388
THE CHRONICLE.
Right of Way.—A. franchise
wa? secured from the City of
Sandusky for
i'mm Ave. and Venice Hoad, in said city,
an entrance to Sandusky for tne Sandusky Fremont &
the extension of
expressing Its confidence that, under normal conditions, the earnings
will
justify the continuance of this rate.
Natural Gas.—During the year the matter of securing an Increased
sup¬
ply of natural gas was taken up.
It will be remembered that In November
1005, owing to the inability of this company to secure an adequate
supply
of natural gas, it became necessary to discontinue
furnishing natural ga's
to all consumers thereof north of the
Chicago River.
After much negotia¬
tion, an agreement was finally reached whereby this company not
only se¬
cures an increased supply of natural gas, but also substantial
benefits in
respect to Its future oil supply, and natural gas is again being furnished ti>
the territory that was abandoned in November 1905.
Tne agreement
made Involved this company’s guaranteeing the outstanding
capital, bonds
and stock, at par, of the Indiana Natural Gas & Oil Co.
(compare V. 83
p. 1293), aggregating $->,000,000; but the investigation made by the
board
prior to co lsummaiing the agreement indicated that the earnings lrom
natural gas a*nd otner advantages accruing under the agreement will
provide
for tiie ooiigatio.is assumed by the company under the
guaranty.
liiie on
our
thereby affording
Southern Railway Co.
Wnerever our private right of
way is narrow, it lias been our policy- to
additional land whenever possible at a reasonable price.
Several
pieces were purchased during the past year.
Acquisitions.—-On Aug. 7 1906 tills company entered into*a contract with
the Sandusky Fremont & Southern Railway
Co., agreeing to construct the
road between Sandusky and Fremont (22 miles),and
accepting ai payment
therefor tne entire capital stock of that company,
amounting to $2 .Out),000.
and $300,000 ofits hrst mortgage bonds, wnich bonds bear the
guaranty of
tne Lake Shore Electric Railway Co.
The bonds have been sold and tlie
Lake Snore Electric Railway Co. lias not been
compelled to advance any
funds on account of the building of this road.
The entire capital stock
is in our treasury.
Tne grading and bridges are so advanced that it is
anticipated that the road can be put in complete operation by May 1 1907.
(Compare V. 83. p. 07, 1091).)
During tile year your officials caused to be incorporated the Lorain Street
secure
.
Railroad Co. and to be deeded to the Lorain Street RR. Co. all of the
property of the Avon Beach & Southern RR. Co. and the Lorain Street Ry. Co.
Under dale of Oct. 3 1996 this company completed its contract vVItii
George
Results for four years compare as follows:
Statistics —
Miles of street mains
^
Meters
Cook Ford, as syndicate manager, made Feb. 19
1905, for the purchase of
the property of the Avon Beach & Southern RR. Co. and the
Lorain Street
Ry. Co., and
now has In Its treasury tiie entire $2,090,090 of
capital stock
Lorain Street RR. and $509,00) 5% consolidated bonds of the said
company (V. 82, p. 628. 895).
Much has lice i done toward the improvement of the Lorain Street RR.
property.
Five new cars have been purchased and 4 lA miles of second
track complete 1.
The company now owns and operates 23.8 miles of
track.
Two 4 )0 K. W. rotaries, with transformers, switchboards,
&e.,
were installed In the Soutii Lorain
plant and contract lias been made for
a third mac.line of the same size.
Toledo P>rt Clinton &. Lakeside R;/. -Oil Oct. 21 we discontinued
the
handling of the Toledo Fort ditto.l & Lakeside Ry. Co.’.s cars between
Holt’s Corners and Toledo City limits, which had been handled
by us for
two years previous thereto, that
company having built its own tracks be¬
tween these two points.
Outlook.—With the additional power and ears, the completion of the Sandusky-Fremont division, together with tne natural increase of business
on our main line, it is
anticipated that tlie year 1907 will show satisfactory
Operations
FOR
-
.
Earnings—
Passengers
.
.
IJ. S. mail.........
Milk
Advertising
Car mileage
Interest
_
_
.
.
.
.
.
......
Miscellaneous
Gross income,..
.
.
-
Surpiu;
$740,521
2,89 1
24,633
1 .985
1 ,858
$ >22,99 2
2,613
1 .800
1.435
4,010
4 .597
$359,680
$2 76 .167
244.850
Toledo
Division
Sandusky Divls'n
City lines
Total
Increase
■_
..
_
$130,264
$1 14,830
.
150.1 3
860,.720
5). 1 9
"o
year
Assets—
Realest., franeh’s.
44
.843
def.S 18 .651
DIVISION,,S.
190 5.
$
382.: 921
15)04.
$
15)03.
$
Per
1 906.
616,484
32.28%
Mi le - 15 >03.
$
$
7,044 4 ,600
5.092 3 .875
3,177
,575
5,937 4 .557
319,189 282,158
2!)!).’726 248.351 241,440
47. 275
41,169
42,1 1 2
58. 346
51,164
50,774
788,: 268 659,873
19.4 5%
7.03%
.
5.733
39 .83%
4 .100
.
..
Expert accountants certify that the balance sheet, show¬
ing a surplus Dee. 31 1905 of $209,828, is correct and agrees
with the books of the
company. — V. 84, p. 158, 51.
Indiana Union Traction Company.
(Slatemeat for Fiscal Year ending Dee. 31 1906.)
.
1903.
935)
359,,327
$5 ,705.579
$1 ,829,300
726,989
$5 .678,,264
$1 ,853,,550
690,,569
-
1.871
347.750
145 *> •> *>
125,181
14 ,974
24,698
24,5)48
53 ,53 7
39,448
28,477
$12, 284,363 $12, 01-1, 48.4 $11 .8.44,800
0 ,578.784
6 ,335, * M
6 .440.362
St .892,,74 l
$! ,819 ,500
782 ,220
.
'
$.4 .414.438
$1 .857.30(1
656.431
.
.
$1 .171,144
$642 .766
$1 15 5 ,998
BALANCE SHEET DEC. 31.
1906.
1905.
1906|
«
>4 2 2,561
,
$
Liabilities—
S
Materials
911,731
Securities
2.243,082
Acc’tsreceivable..
640,634
Bond coup, depos's
291.470
Gas bills receivable
729,743
Other accounts
34.227
Cash
1.322,664
1905.
8
$
.Capital stock
35,000.000 35.000.000
73.010.955[Mortgage bonds..35,096,000 35.096,000
981.947 Gas bill deposits
1S4.928
161.502
2.243.6821 Accounts payable.
554.557
186,752
112.516iCoupons past due.
293,380
294,065
292.155 iBoud interest ac*02.633|
erued
304.112
303.692
62.727 I Surplus
9,319,697
8,070,931
.
l ,001.327 i
Total
$80,752,574 SsO.O l-sf)42 '
Total
-$*0,752 ,*74 $80,018,942
Note.—The securities, §2,243.682. owned as above, consist of miscellaneous
bonds. $61,778: Breen St.*property. <tc., .$151,004; 20.309 shares ot capital stock o
People’s Gas Light <fc Coke Co... $2,030,900.—V. 84, p. 342, 225.
..
National Biscuit Company.
(.Report for Fiscal Year ending Jan. 31 1907.)
President A. W. Green, tit the annual meeting on Feb. 11,
said in substance:
Record. —The sales and proiits since organization have been
Year.
Sales.
Profits. ; Year.
Sales.
1898
1899
1900
1901
1902
i 65 .73)
'»
—
Cleveland Dlv
.
.
Surplus for
4,254
*
1
.
1 .662
254.15)8
.
1906.
$
opr.r.
60.44 4 25 .797
62.25 31 6.,95)2
16.30
51 ,790
66 .1 41
11.14
.
.
16,719
! ,592
$384,462
-
Miles
.
.
.
...
(55.33)
■-
EARN I NGS R Y
_
.
$r>; 59,,873
4: 33, ,705)
-
.
$11 ,680,.0 14
0 .787 ,303
1994
2,028
3 76,051
1 70,925
Total
$2 ,601 ,520
$2 .556,289
$2 ,544,,115)
$2 .513,731
Balance for dividends.
$2 ,291 ,221
$3 ,149,290
$3 .134,,145
$2 .900,707
Dividends
1
(5) ,648 ,455 (6) 1 ,978.146 (6)1 .978 .147 ff>> I ,978,146
2.990.43 1
22.02c
7.55c.
6,375
2.806
5,399
476,258
■
.
...
$788,268
-128.588
(54.37)
Operating
Net earnings
Bond interest
r
$860,720
expenses and taxes
Per cent operation to income
.
Charged off
1904.
18.17e.
3.024.393
26.06e.
1 1.39c.
2,168
1 ,5)45).
2.130
1 1 .337
1 .633
4,641
^
.....
.
1905.
$795,719
3,688
37,455
_
Freight
.
1905.
!
.
4,337,009
2 5.6 5 c.
1 1.46c.
_
O bartered cars..
.
Net earnings
Interest on bonds
YEARS.
3,355,661
....
.
Operating expenses
266 stockholders of record.
1996.
4,761 ,421
15.97e.
Number car miles.
Gross income per ear mile
Net earnings per ear mile
_
.
tunn’ls,mains,&c.74.578,523
were
Til RFC
—
Passengers carried
Earnings per passenger
.
Gross receipts
results.
RESULTS
1906.
*)
103
592 .39 7
15)7 ,619
23 .673
47> .714
.
.
Gas stoves.
Public lamps
Gas are lamps
of the
Stockholders.—On Dee. 31 1995 there
[VOL. LXXX1V
.
.
follows:
Profits.
$40,532,1 15 $3,709,516
41,040.496
3.731.928
39,702,566
3,822,338
40,722,939
3.954.507
$34,051,280 $3,292,143,1903
35,651,899
3,302.155 1904
36,439,160
3,318,35511905
38,62.3,135
3,670.443 | 1906
as
40,221.923
3,689.336
General Results.—The year just closed has been the most prosperous and
satisfactory year since tne organization of the company. The sales have
shown an increase of over $1,000,090, and the increase lias been on our
trade-mark package goods, thus Increasing the value of the good will of the
company.
The pro.its have increased notwithstanding tiie fact that our
prices have remained substantially tiie same as the preceding year, while
tiie prices of almost all articles of raw material have
considerably increased.
New Plants. — We are now building two additional
buildings In New York,
one at the corner of loth St. and 9th
Ave., having a frontage of 108 feet on
9th Ave. and 15o Let on 13th St.
This building is 8 stories and basement,
o' I he most improved
tire-proof construction, and immediately adjoins our
Nabisco works.
Tne other building in course of construction is on 16th
St. adjoining one wing of tiie l'Otii Ave. factory.
This building is 210 feet
by 92 feet, eight stories and basement, of the most approved lire proof con¬
struction. equipned with all of our patented machinery, and to t.e used
exclusively for the manufacture of some of our leading package goods.
When these buildings are completed, our New York plant will have a frontarc of 108 feet on t;th Ave., tiie entire frontage on 15th St. between 9th and
i loth Aves.. which is 800 feet, the entire frontage on 10th Ave. between
| 15th and 1 6th Sts.. which is 206 feet. and a frontage on 16th St. of 525 feet.
j
_
We expect to have tiiese buildings completed and in operation ready for
the summer business, and we expect to have
plenty of business ready for
their operation.
.$1,943,101
This plant when In full operation will consume every day
eight car-loads
995,266
of flour of 250 barrels each.
Trade Rights Maintained.—The company lias concluded with unbroken
Net earnings._
$> 17,865
Interest on Union Traction Co. of Indiana, Indianapolis Northern
success 12 suits in the United States Courts,
Involving practically all its
Travtion Co., the Muncle Hartford & Fort Wayne Ry. Co., and
trade-marks and trade rights.
In addition to these suits, 330 imitations
other underlying bonds; also taxes
by various manufacturers have been stopned. the imitators abandoning
680.818
! whatever they were doing without suit.
Of these abandonments without
Net income In exooss of taxes and interest on
suit,
80 manufacturers of biscuit had Invaded tiie equitable rights secured
underlying bonds. $267,017 I
Dividends on stocks of Union Traction Co. of Indiana and The
to us in the courts by the use t.f our “In-er-seal” trade-mark; 35 manufae! turers had imitated the "Uneeda Biscuit” package, while there were still
Muncle Hartford & Fort Wayne Ry. Co., and interest on
Indiana Union Traction Co. bonds
?
151,514 j other imitators of our trade names — ‘Nabisco." "Social Tea.” ”Zu 7. \."
and "Oysterettes,"—one manufacturer alone
having to Ills credit, or dis-
Gross earnings
Operating expenses
...
....
_
.
.
.
.
.
.
.
.
.
'
..
....
...
.
Net.
_
.
_
eredit, sixteen imitations.
Liabilities.—-The balance sheet of the company herewith presented shows
Wayne Ry. its financial condition on tiie completion of the ninth year of Its existence.
Of the bonds and mortgages assumed at the formation of the company,
page 6 of “Streetamounting to $1,814,000. there lias been paid off.the sum of $838,297.
Section”), making of no value a comparison with leaving a balance
unpaid of $975,702 73. none of whieli lias yet matured.
the results for the year 1905, when the
The accounts pavable are simply the current bills for raw material and
gross earnings were
supplies, which were not adjusted before the close of the year.
$1,522,229.—V. 83, p. 95, 37.
;
Dividends.—See a subsequent page of this issue. —Ed.
Stockholders.—The total number of stockholders of tiie company inline1
diately after its organization was about 1 ,300.
The total number now is
People’s Gas Light & Coke Co. of Chicago.
! about 7.000.
Of this number 2,341 are employees of the company.
Under
.the plan enabling employees to purchase our
preferred stock paving for it
(Report for Fiscal Year ending Dec. 31 1906.)
I In installments, they have purchased 7.662 shares. Tills is exclusive of a
I large amount of stock,-both common and
preferred, held by our director*.
President Geo. O.
>
income—surplus for 1906
$115,503
The control of the Muncic Hartford & Fort
and other lines was acquired in 1906
(set'
Railway
Knapp, Chicago, Feb. 11,
stance:
says
in sub¬
are
lamps 6,265.
Dividends.—During tiie progress of the hearing and investigation by the
City Council, which preceded the fixing of rates to be charged, tills board
Dec. 19 1905 felt impelled, as a matter of business
prudence, to reduce
tiie dividend rate from 6%, theretofore
paid, to 5%.
The last-named rate
was paid during the year 1906; but the board at its last
meeting on Jan. 25
1907 restored the dividend rate to 6%,
believing the-earnings justified it,
and Impressed with the conviction that the minimum rate to'
which the
stockholders are entitled is 6%|per|annum.|jyThe3board lias no hesitation in
on
principal
managers.
(Operations for Years Ending Jan. 31.
Reduction in Price of Gas.— Since the last stockholders’
meeting, tiie City
Council of Chicago llxed the net rate to be charged
by gas companies at
85 cents per 1,090 cubic feet; the
rate, by agreement with the company,
being made effective from Feb. 1 1906, and tiie rate thus tlxed is to continue
without change until Feb. 1911 (V. 82, p. 574).
General Results.—The gross receipts for the year were
$11,680,044.
in
1905 they were $12,284,363.
After deducting operating expenses, bond in¬
terest and amounts charged off, tiie
surplus earnings for the year were $2,291,221.
This is equivalent to 0.95",', on the outstanding
capital stock.
After the payment of dividends at the rate of 5%, a
surplus for the year
remains of $542,766.
During the year upwards of 74 miles of ma'ns, in extension of the com¬
pany’s system, were laid.
The increase for the year In tiie number of gas
meters set was 16,346; and In the number of
gas stoves installed 26,694;
and in the number of
officers and
19)6-07.
Sales
S40.722.93 )
Net profits
3,954,507
P. e. of proiits to sales
(9.71)
Common dividend
(5) 1.461,801
Pref. dividend (7%).
1 .736.314
-
.
.
x
Balance, surplus..
.r
Af e-
1905-96.
1994-95.
15)03-04.
$39,702,566
$41,040,495
$40,532,114
' 3.709.515
3,822,338
3,731,927
(9.63)
(9.09)
(9.1.M
(4)1,169,441
(4)1,169,440 (4) 1,169.440
1.736.314
1,736,314
1,727.565
$756,392
$916,583
$826,173
$812,510
deducting $390,000 yearly for depreciation.
BALANCE SHEET JAN. 31.
1907.
$
i
1906.
1907.
1906.
Assets—
$1
Liabilities—
$
$
Plants, red estate,
• Preferred stock
24.804.'00 24.804 506
maeh .pat. .etc
j Common stock
24.236,0 )0 2:),236,0 00
(less depreo n). .52,670,807 52.357,4441 Bonds & mort’ges.
975.703
1.086,469
Cash
3,377.909
3,127.779!Accounts payable
Stocks & securities
801,854
751.4131
and accrued int423.289
394-649
Acc’ts receivable.. 3,190.527
3.186.714 ISurplus'
8,606.470
7,850 078
Raw mat.,sup.,&c.. 4.004.804
3.94S.346I
-
Total
—V. 83. P-1474.
64.045.902 03.371,696!
Total
64,045.962 63.371 096
THE
16 1907. J
Feu.
Coal
Pittsburgh
Foreign Companies.—As
Company.
Year ending Dec. ol 1906.)
President M. H. Taylor says in substance:
General Results.—The year 1906 was the largest In tonnage production
in the history of the company, and shows an Increase over the preceding
vear in total tonnage mined and handled, including coal used in making
coke of 3,588,014 tons, or 23.1*1 %. The gross earnings show an increase
over the preceding year of $2,041,765. or 62.72%: and the net earnings,
after a larger provision for depreciation and taxes had been made, of
$1 567.843. or 250%— the $2,192,768 net earnings being equal to 8.11%
the’preferred stock outstanding
Capital.—The real working capital of the company as shown
of Dec. 31 1905 was $2,541,138, being the surplus
quick convertible assets over floating debt, referred to else¬
to account the stock purchase liability not Included,
and valuing the unadjusted accounts upon the same basis as of Dec. 31
1906, tiie actual free working capital was reduced to a deficit of about
The working capital of the company as of Dec. 31 1906, when
$ *85,384.
it” is believed all debts are included and all assets properly valued, is
$1 606,146, or an increase of $1,891,531
Capital Stock.—The balance sheet of Dec. 31 1905 omitted wiiat was
then due and owing by the Pittsburgh Coal Co. Employees’ Association for
large purchases of the preferred and common stocks made by it prior to
that date.
There was so held by It at. that time 26.419 snares of the
preferred stock at an average cost of $77 per share, and 4,050 shares of
common stock at an average cost of $20 per share—the whole cost of such
stock-, with interest to that date, amounted to, and so omitted, was $2,114.619 64. which Indebtedness was carried on notes of the Employees’ Associa¬
tion in the hands of sundry banks and brokers.
This association, which
was originally formed to assist the employees in investing in
the stock
through savings, was used, wholly without authority from yourjboard of
directors, tis a means for the purchase of stocks of the company during
1903 and 1904 greatly in excess of the legitimate requirements of the asso¬
ciation and for tin* alleged reason that doing so was expected to be of
advantage to the company in the maintenance of its credit, then somewnat
impaired, before the issue of the llrst mortgage bonds was made.
Tne
directors have therefore been obliged during the year to take over all of
this stock, and it is included at Its cost in the balance sheet as of Dec. 31
1996.
The Employees’ Association has been continued on the grounds of
mutual benefit, and under such conditions as will strictly limit its conduct
within iis proper functions.
The value of the stock purchased and sold (by the Co.), exclusive of
interest, prior to,Dec. 31 1905, were: Purchased—16,645 preferred shares,
costing $1,093,886, at average per share of $85 72: 44,254 common shares,
costing $792,535, at average per share of $17 90.
Sold—-1,370 preferred
shares, costing $74,35 > 20. at average per share of $44 27: 7,093 common
shares, costing $92,822. at average per share of $13.
The cash Investment
in the stocks of the company reported on balance sheet of D_*e. 31 1905
was $1,572,736.
Depreciation—He-Valuation. — In the beginning the executive committee
approved an arbitrary value upon the plant and ordered that a depreciation
charge.-independent of maintenance and to the debit of expense, of 6%
per annum should be made.
This policy has never been changed in princi¬
ple. but It- has been applied irregularly by the officers of the company,
Bv rea-on of (D the continuing arrearage in preferred stock dividends,
which has called the depreciation allowances made during the year to the
notice of many of the stockholders;
(2) the irregularity of the past yearly
credit percentages and amounts:
and (3i the. time. extending over six
years, since valuation of the plant property had been made—the directors
caused a re-appraisement by a competent committee as of Dee. 31 19 )6
for their information and guidance hereafter.f
The plant valuation Dec 31 1906, less depreciation credit accumula Ion,
shown by the hooks, was $19,153,519.
Iw^actunl valuation a> found
Tne excessV^luatlon was $1,35 1,706.
by the committee was $17,801 ,ftl3.
The original plant valuation had been increased over actual property valuations found in the beginning in the sum of $1,449,912.
The original plant
Valuations were fair: the property lias been well maintained, and the per
The directors
centage for depredation charge reasonable and necessary.
have therefore authorized proper a«'1usting entries as of Dec. 31 1996 to
show tin- plant valuation total, as ih* committee found it, in the sum or
$17,801,813. upon which sum 6% depreciation allowance for 1907 will be
made to the debit of expense, in addition to full cost of maintenance.
on
Wurkmo
bv the balance sheet
0f apparent
where. but after taking
Net
profits
_
Deduct—Bond interest.
Dividends (%)
Sinking fund-_r
(.‘urnings and balance sheet,
Product urn
—
Tons
Pittsburgh district
17,628,396
1,415.920
_.
Hockingdistrict
Coke
429,076
.
..
.
$4,297,123
Profits, after all expenses
Depiction ol coal lands__
Depreciation of
$743,020
plant and equipment 1,194,094
.$3,360,*109
Net profits
Dividends on preferred
Interest on bonds
-
_
stock
—
. -
_
_
-
-
1,167,241
$559,433
$537,478
*$442,117
*$315,134
30.000
*110,255
174,484
$275,255
$701,464
*$195,324
* There was also appropriated in 1906 $100,000 on account of building of
plant at Fraserburgh. Scotland, and to provide additional working capital
for foreign subsidiary companies: $32,873 In 1905 on account of develop¬
ment work and written off, and $55,000 In 1904 for building of Frazerburgh plant in Scotland.
,
HALAXCE SHEET OF DEC. 31.
1906.
1905.
Liabilities—
$
§
plant.
'Capital stock Issued 6,145.800 6.145,800
patents, goodwill.
i 1st mart. 5s Issued 2,500,090 2,500,000
&c.; less reserves 6,442,98.1
6.391.662 I Int. on bonds and
Stock other c >’s, Ac.
j
div. piy. Jan...
110.117
119.498
1,310.117
(cost)..
1,310,017! Accts..Ac., pay ble
330.937
332,805
Tro usury b m Is
200,000
200.000 Bills payable... .
247,500
125,000
Treasury stock.
32.000; Reserves
_
7,972
37,000
5,648
235,075
Accts. A* bills rcc lc,
(Sinking fund
296.600
less reserve.}
U 1.ISO.060’
SO 1.392,Surplus
878.409
536,292
1905.
S
1906.
$
Assets-Real estate.
i
i
....
.
.
Cash
Sinking fund
Inventories
.
152.703'
235,675
1
.....
296.600
1.050,569
.
784.270 i
10.000,718:
Total liabilities 10.526,335 10.000,71'
There is also unis sued Sl.383.20J stock.
Of the $2,500,000 bonds issued, $200.00
are in the treasury, as shown in the balance sheet, and $293,000 have been retired bj
the sinking fund, leaving §2,007.000 outstanding.—V. 84, p. 341
* • •
Total assets
.10,526.335
.
Montana Coal & Coke
j
:
!
j
1904.
13.678.658
1.451 .5.15
$3,255,358
$593,0/5
830,271
$1,832,012
$4.261.512
2 19.13 1
$603,940
79 .889
(1 1-6)343^273
$3,577,662
(7)2.176,74l
1 ,2.>0.00*1
$281,652
$150,94 1
$3,736,784
In connection with the financial plan on a subsequent page
of this issue, the new General Manager, Edmund A.
for many years connected with the coal-mining
of the Delaware Lackawanna A; Western RR., writes under
date of Jan. 19 1907:
About Sept. 1 1906 1 took charge of the company’s properties, and from
that time on I have been familiarizing myself with the coal deposits, and
with tlu* outlet for coke and coal In that Western country.
1 believe the
propertv has great merit and could be made very profitable.
As you are
aw tie, tin* consumption of coke in Montana is large and Increasing from
year,
your
property
is-located
miles
from
Butte,
year to
and
only 125
which is the largest smelting centre In the West, and consists practically
of tlie only coking coal in that State.
Your company owns and controls 4.930 feet acres of coal land, and there
has been worked, up to the present time, only about 630 feet acres, leaving
a balance of 4,300 feet acres still to be mined.
My estimate of the coal
contained in this 4,300 feet acres Is 14,750,000 tons of coking coal and 8,000,0 t > tons of steam and blacksmith coal, making a total of 22,750,000
tons, which should yield an average profit of $1 a ton on the 14,750,000
tons of coking coal, and 50 cents a ton on the 8,000,000 tons of steam and
blacksmith coal, or a total of about $18,000,000.
You have a total of 250 coking ovens; of this number there has only been
worked 100.
With the new mines opened, therefore, 1 strongly urge upon
Bartl,
department,
i
;
14,084,682
1,37 1.620
331 499
Co., Boston, Mass.
(Report of Jan. 19 1907.)
164), are:
1,207,087
*127,927
Total deductions
Undivided profits
Monongahela \
1905.
50,000
50,000
50,000
.
150,082
covering in each ease the
1906.
—
...
$115,000
(6)361,980
$115,000
$115,000
(4)244.551 ■
$115,000
(4)244,351
$701,464
$470,579
$852,612
$1,001,550
Depreciation, &c
as
parent company and till its subsidiaries except
Consolidated Coal
Coke Co. (V. 82, j). 158,
(stated In previous reports, this company ac¬
quired the Consolidated Pneumatic Tool Company, Ltd., London, and
since that time it has organized the Internationale Pressluft & Elckrieitata(Jesellschaft, Berlin, anil lias purchased the Canadian Pneumatic Tool Com¬
pany, Ltd.. Montreal.
All of these organizations sljow during the year
increased volume of business and substantial gains In assets, with the re¬
sult that this company has benefited In additional facilities for marketing
its output, with resulting increased profits.
Loan.—In connection with the acquirement of the business of the Phila¬
delphia Pneumatic Tool Co.. Philadelphia, and the organization and exten¬
sion of the foreign companies mentioned above, it Is thought desirable to
borrow temporarily the sum of $195,000, which amount is Included in the
item bills payable, amounting to $247,500.
The amount so borrowed has
beru'more than offset by the additional assets acquired, and the profits
resulting would appear to justify the wisdom of this course of action.
Additions.—Substantial additions to plants have been made during the
year, and development work completed has exceeded that of the previous
year, requiring a very considerable portion of the time of the management
and liberal expenditures.
Bonds.—Of the authorized issue of $2,500,000 bonds, $200,000 are still
in the treasury and $293,000 have been retired for sinking fund purposes,
leaving outstanding at tills date $2,007,000.
Assets.—The excess current assets at Dec. 31 1906, $1,542,076, show an
increase of over $883,000 since your company was organized live years ago.
In addition, large expenditures have been made during the year In providing
additional plant capacity and. as stated previously, substantial amounts,
have been added to the assets of the foreign organizations.
Results for Calendar Years.
1906.
1905.
1904.
1903.
(Report for Fiscal
The*
3tt‘J
CHRONICLE
•
Undivided profits
Surplus brought
-
-
.
forward
Less extraordinary
.-$2,192,768
_
.
.
.
$3,887,725
.$4,169,377
-
adjustments (see
text)
(?)
2,272,935
$3,887,725
$4,169,377
Total surplus Dec. 31
...$4,089,210
BALAXCE SHEET DECEMBER 31.
Assi is
*
—
Prope tieTreason- stock
Stocks A- bonds
of other cos
River Coal pn-L
.
in trust
Cash with tru-tc'
.
S3,735,522
*s.455,'.>() )
-
8
Liabilities —
s
SO 0 0,429 Preferred stock. *32.000 000
6 .(DO .709 Common stock *32.0 )() 0 0
3.489.407
,Stk. purch. sur,
3,137.733
S. 4 29.902 Reserve fund
61,2.52
Insurance fund.
4.089,210
Undiv. earnings
6.141 05s
1.425-400
668 104
.
2.2M.3S7
91.562
Unadjusted .vet
87 1 .343
Deferred exp
Merchandis*
Accounts A miis
receivable
163.693
3.45;..234
.
.
Cash
6,414 0s'4
1 Os 7.370
_
.
23.261.000
158.125
1.975.248
1st mtge. bonds
Coll. bds. A int
-
subsidiary bds
River Coal com
inon
1S4.794
2 .860 IPs
notes
-
..
Riv.Coal pr.p ly
Miges. payable.
trust notes.
Car
S. 193.672
1 .587.323 Pension fund
.
Bills payable. .
Accts. payable
113.123.1 75 109.67 4.315
Totals
s
32 0 0 000
32.0..0.000
Of
tim
Totals
.
...
.
.
1.435.100
532.899
936.592
91.562
6.197.786
3.656.961
4.H.9.377
24.093.000
165.625
1.838,752
1.500.000
374.504
1.059.110
V. .so
P-
6.575.54 s
3.524.419
Tool Company of New Jersey.
{Report for Fiscal Year ending Dec. 31 1606.)
Duntley say's:
last year's report reference u t-, made to the policy
developing, broadening and extending the business
largely increased sales and profit s realized, amount¬
ing to 11 /237% available for dividends, would indicate that
substantial
Of tin* amount available fo" dividends,
results have been obtained.
earned during the \ < a: ‘.a no anting to SOSO. 169,) your directors have appro¬
priated -'.% tor 9*’ V'ends Hp-t.-ired *ymi the remainder, amounting to $442,: 17. has been added to surplus account.
..
r
3
Qjitcril Results.—In
ol the management in
of the company.
Tne
,
,
.
Horr property
Kreiger & other real estate?
Treasury bonds (pledged)
Supplies & accts. ree. .Mont
Cash, Montana and Boston_
Construc’u A equip, (cost)
-
Profit and loss
Total
-V. 84,
.
-
15,000 Notes payable
12.677 : Accrued Interest on notes
98,500 | Accounts
37,778
2,1151
354,406
16,251
.
55,107
payable
639,735
170,111
5,925,765
-
p.
.5,925,765
Total
341.
GENERAL INVESTMENT
Dec. 31
527-
President J. W.
SHEET
and Xov. 30 1906 as to Montana Accounts.)
$
Assets—
$
|
Liabilities—
Heal est. & mining prop’ty 4,898,646(Capital stock
5,000,000
51.200 | Bonded debt500,000
Butte A Yellowst’ne prop’y
{Of Dec. 31 19:i6 as to Boston
113.123.175 109.674.315
Chicago Pneumatic
-
will last 65 years.
good condition and
requires no great outlay of money, but the old mine I strongly urge you to
abandon and to spend your money In opening up the new mines.
With
your company properly financed. I believe the prospects are very bright.
-
$82,006.nop <-;ich of common
actually outstanding on
—
blacksmith coal
BALANCE
2.373.9 >0
and preferred stock there was
o-0v $ .{•.,-9. .600 common and $27.
46.800 preferred, the remainder bei ig acco’v>*e*‘ r< r as follows: Purchased
and held. $3,146,600 common anil 53,704 4U0 prefe red: in tria u v as se¬
curity for Northwestern Coal Ky. bonds, $.>65,son common and $794,000
preferred- in treasury, received trom svndieate, $254,8ot) preferred
x
the old mine and opening up the
,
Pension fund investments
the great importance of abandoning
new mines.
By doing this It will give you an opportunity of mining suffi¬
cient coal to work the entire 250 ovens, and tills should produce 8,000 tons
of coke per mouth, and, added to tills, the steam and
should show you a profit of $25,000 a month, or $300,000 per year. If
you do not increase this yearly output your tonnage
The entire equipment and plant, above ground, Is In
1905.
1906.
1905.
1906.
you
NEWS.
RAILROADS, INCLUDING STREET ROADS.
Fe Ry.—New Securities—Pur¬
pose and Amount. — Regarding; tlu* now stock and converti¬
ble bonds recently authroizod by the shareholders, VicePresident- W. R. Jansen in the course of an interview printed
by thiy“Topoka Capital” of Jan. .‘10 said:
Atchison Topeka & Santa
"our
managers are
asking for about $14,non,(ion for improvements and
be'.tcrments required ihis year and we have plans for several hundred miles
of new construction which we are anxious to undertake and which will
undertake
of this
But we can
none
op n tip and develop new territory.
work until we first make sure of the money required to pay the bills, and the
that
may
au<
us
fac;
our stockholders
liori/e
to issue new slocks and bonds
We'mu>t sell these securities first, and we
does not insure us the money.
We ea i not do this if our credit is
want to sell them at par.
and here we believe we deserve the help and not the opposition of the people
of our home State.—Y.\S4, p/338, 269.
impaired,
t
390
THE CHRONICLE.
[VOL.
LXXXIV.
Bay Shore Terminal Co., Norfolk, Va.—Litigation Ended.—
publication, having been given out only in confidential
Sale.—Judge Waddill in the United States Court on Feb. 7 and
form,
being still,
is said, subject to change.
entered an order
A press ^dis¬
directing the commissioners appointed to patch from Newit Haven
sell the road to deliver the deed
gives the following particulars,
transferring the same to which are interesting and
E. B. Smith A Co. of
apparently
based on official docu¬
Philadelphia, who on Feb. 8
paid the
purchase price due under the sale to them in
May last. The road has been turned over to interests con¬
nected with the Norfolk A Portsmouth
Traction Co.—V. 83,
p. 14G8.
balance of
t
Canadian Pacific
declared along with
and
said
on
land funds
!
received
calendar year:
Calendar
Year.
1906
1905
Cross
Xet
Other
Interest
Dividends
Balance,
Darnings. {.over-taxes) Income. Charge.
on Stock.
Surplus.
SI,70S ,463 $907,149 $18,591 $43.200
(6%) $720,000 $162,540
1.636,327
873,110
20,332
42,262 (6%) 720,000
131,180
1904
1,517,372
789,655
18.718
43,178 (5%) 600,000
165,195
V. 82, i). 926.
...
—
representing
the preferred stock, first to be
issued in the
Of tin’s amount the United Gas
Improvement
Co.
of Phila¬
delphia will have about three-fourths.
Provision is made for payment
$4 a share a year in
of
quarterly dividends on the preferred stock
terms a 5% stock, at least
originally.—Ed.) the common stock (by its
in for the same
amount of dividends
provided the $10 assessment coming
and the payments
is met
by the lessee company justify it.
Attached to the agreement is the
lease by the Consolidated
of the Railway &
Railway Co
Lighting Co. This provides for a lirst pavment
Aug. 1 1906 of $975,000. rising to
$1,400,000 on Aug. 1 1914, tobeginning
be made
in quarterly
payments except the sums required for lixed
charges.
The total amount to be
paid
the treasury by the lessee
into
for interest and
company
sinking fund is $673,882. tlie sinking fund
of 1% upon tlie bonded
being one-half
debt of the lessor
company
$12,491,378, and in addition an underlying bonded outstanding, which is
debt of $209,000 of the
old Connecticut
Lighting & Power Co. and $706,000 of tRe
Traction Co and $59,700 of the
Bridgeport
Derby
Street
Railway Co. The total
annual payments to the
sinking funds are $62,445 a year up to
the first
day of July 1950.
The lease is made for 999
years.
iorm of
j
the interest
Compare V. 83, p. 817. — V. 84, p.-338.
Capital Traction Co., Washington, D.
C.—Report.—For
shares,
cumulative dividends upon
Ry.—Dividends.—The directors have
the regular dividends of
3% on the
and land contracts.
and the afore¬
•The preferred stock which,
Aug;. 1 1906, was 60,228 shares of $100
is to be raised to 81,429
each
shares by the issue of 21,201
2% on the preferred stock from railroad re¬
ceipts the lirst semi-annual dividend of x/2 <>f 1% on the
common shares from
common
though open, of course, to inaccuracies
possibility of change:
ments,
he
scrip.
Central Railway of
Earnings.—For 3rears ending June 30:
Oregon.—Bankruptcy of Construction
Year—
Co.—A petition in
Cross.
Xet.
Other Inc.
Taxes.
bankruptcy was filed in the United States 1905-06
Interest. BaL.Sur
.$1 ,682,740
$747,989
$328,293
Court on Feb. 8 against the
$104,483
$584,848
$386 051*
Oregon Construction Co. of 1904-05. 1,420,094
582.477
207,390
92,865
556,422
140,580
56 Pine St. by three creditors
Of the other “other
having claims aggregating$987.' was from
Income,” $327,351 in 1905-06 and $206,737 in
1904-0 5
It is alleged that the
the gas and electric
departments.—V. 83, p. 1523.
company is insolvent and on Jan. 5
transferred a large number of bonds of the
Denver City Tramway Co.—New
railroad company
Securities .—The share¬
to various persons for ant ('cedent
indebtedness and has dis¬ holders will meet in' Denver on Feb. 19 in order to
amend
posed of oilier property. The construction
the articles of
incorporation for the purpose of
company was
an
authorizing
incorporated on Feb. 8 1906 with a capital stock of $50,000.
increase in the authorized limit of
capital stock from
See V. 81 p. 1375, 263.
$5,000,000 to $20,000,000 also to authorize an issue of
Chartiers Ry.—Offer to
Exchange Stock.—A circular, it is $20,000,000 5% 20-year coupon gold bonds to be secured
by
said, lias been sent to stockholders offering to
mortgage upon all the property of the
exchange 3 or
company now owned
shares of common stock of the
hereafter
acquired.—V. 84, p. 220.
Pittsburgh Cincinnati Chicago
A St. Louis Ry. ($100 each) for one
Erie RR.—Quarterly.—The
share (par $50) of Charearnings for the quarter and
tiers stock.
The Pennsylvania Co. at last
six months
accounts owned
ending Dee. 31 were:
$333,850 of the $6 15,300 stock.—V. 80,
3 mos.
Cross.
,
p.
1234.
Chicago Great Western Ry.—Additional Debenture Stock.
Vice-President Oppenhvim, it is
understood, is expecting
to arrange shortly fur tie* sale in
Europe of $3,000,000 addi¬
tional debenture stock.
V. 83, p. 621, 630.
Chicago & North Western Ry.—Listing.—The New York
Stock Exchange has authorized the
listing of $24,401,000
1906
—
—
additional common stock from time to time
after March 18
1907, on notice that it has been issued and
paid
for, making
the total amount authorized to be listed
$99,018,900. The
new stock was subscribed for at
par bv shareholders of record
Feb. 2 per circular in V.
84, p. 157.
The proceeds
“will be us< d for the purpose of
constructing, improving and
.
.
190 5
.
.
6 mos.
1906
.
.
.
.
Xet.
$12,529,299
11.927.500
Other income
$4,094,955
3,823,139
$175,879
$24,825,271
$3,227,999
8,014,516
$292,367
1905
23,707,569
—V. 84, p. 270, 158.
.
79,132
142,7)1
.
Charges.
$3,206,299
2,919,315
$5,244,4 13
5,783,978
Hal.,
sur.
$1 ,06 4,535
98 2,956
$2,275,95
2
3
.373,139
Grand
7 hird
from
Trunk Ry. of Canada.—Increased
Dividend on
Preference Shores.—A Canadian Associated Press cable
London, dated Feb. 8, said:
The accounts for the p.ist
half-year show a surplus of e5.39.6im available
dividends, which will admit of .lie payment
of dividends for the halfyear on the 4% guaranteed stock, and the
lirst ami i croud preferred
lstocks
each), and a di\idend of 3lor the year
(1906i on the third
prefer¬
ence, carrying forward Cl3.200.
for
rile dividend for 1906
on
the third
preference stock
com¬
equipping its railway.”—V. 81, p. 270.
pares with 2% paid for each of the
years 1905 ami 1903 and
Chicago Union Traction Co .—Ordinance Passed Over Veto. IT, for 1002. No pavment was made lor tit:' rear 1004
V. 83, p. 1409.
—The Chicago City Council on Feb. 1 1
by a vote of 57 to 12,
passed over the veto of Mayor Dunne the ordinances
Interborough-MetropoLtan Co. Set' InterbrM.ugh Rapid
granting
franchises to tin* present
street
railway companies of J i ansit Co.
Chicago. The ordinances, to be effective, must also be
Interborough Rapid Transit Co., New York. -Sale
ratified by referendum vote at the
of
city election in April. Botes. Win. A. Read A Co.. New \ork. and
Lee, IligginCompare V. 84, p. 338.
soti
A Co., Boston, have
purchased $10,000,099
Chicago & Western Indiana RR.—Catted Bonds.
b\, notes of $1 .000 each, dated March 1 1907 and due 3-year
March
Seventy-six ($76,000) general mortgage bonds of 1882 1 1910. but subject to call at 10! and
interest on and after
drawn for redemption are payable on March 1 at
March 1 1909 on
105 and
thirty days’.notice. The proceeds, we an'
nforest at office of J. P
Morgan A Co. -V. Si. p. 220.
informed, will take cart' of the
company’s entire1 floating
Cimarron & Northwestern RR.
debt and will be user] in
part for the extension of 11n
Purpose
of
Building.
Subway
to
'Phis road, now under const rnetion, is to
Brooklyn (this extension will be opened by
extend from
.July
1
t, and in
Cimmaron. X. M.. northwestward 30 miles
part to finance t he purchase of interests in the"
tip Potiil Cation
Long Island*
to
Van Bremmor Park.
traction properties, acquired
It will be owned
within the past two or three
by
t he Conti¬
nental Tie A Lumber Co., and will make
The only other obligations of the
accessible large years.
company are
tracts of timber in the eastern
foot-hills of the Rocky Moun¬ tin* $15,000,000 notes dated 1905 and due
May 1 1908.
The surplus earnings for the
tains.
The line will connect at Cimarron with the
St. Louis
year ended July 1
1907.
Rocky Mountain A Pacific By., which road, including the it is estimated, will exceed four time's the interest
charge.—
V. 83, p. 1470.
timber in question, lias
tributary about 1,000,000,000 feet
of saw timber. 18,000,000 railroad ties and a
vast amount
Lake Shore Electric
Ry., Cleveland.—Report .—Sec “An
of mine material.
—
,
ntiiil
Cleveland Electric
Reports”
on
a
preceding.page.
Sale of .Votes. -The
Ry.—Armistice Extended.—An agree¬
company, it is said, has sold $550,
ment was signed on Feb. 8 with the
000 3-year 0r,
gold note's secured by deposit of
Municipal Traction Co.
gen¬
extending the armistice (V. 84, p. 157) subject to termination eral mortgage 5r, bonds. The
proceeds will be used on
at any time by either party on 24 hours’ notice.
Negotia¬ account of improvements made in 1906 and 19(>7. V. 84,
tions for settlement are reported to be
progressing satis¬ j). 158, 51.
factorily.—V. 84, p. 157, 101.
Lancaster Railway & Light Co.—.Year
Colorado & Southern Ry.—First Dividend on
Holding C<>.—See
Second Pre¬ Susquehanna Railway, Light A Power Co. below.
V. 84.
ferred.—An initial dividend of 2%, supposed by some to be
p. 271.
a semi-annual
distribution, has been declared on the $8,500,Lewiston Brunswick & Bath Electric RR
000 4% 11011-eumulative second
.—Consolidation
preferred stock, payable
—The “Boston Financial News’’ of
Jan. 29 quotes a
along with the usual semi-annual dividend of 2% on the sentative
repre¬
of the syndicate
regarding the proposed merger as
$S,500,000 first preferred stock on April 1 to stockholders
follows
and
says that the Bangor Railway A Electric Co.
of record March 16.—V.
84, p. 220, 270, 276.
“is wholly outside of
the-consolidation.”
Connecticut Railway &
Lighting Co.—Exchange, of Com¬
Then* will bo four road-* in tlie
consolidation, tlie Lewiston Brunswick &
mon Stork—Cash
Payment. — President A. M. Young, under Bath, the Auburn Mechanics Kails
-X Norway, the Augusta
—
—
date of Feb. 1, requests the common
stockholders to deposit
their certificates with the Colonial Trust Co. of
New York in
accordance with the' agreement of Dee. 19
1906, making the
cash payment ($10 per share) and
receiving “in lieu of said
certificates so delivered for cancellation new
certificates of
stock
representing such shares, in accordance
of said agreement.”
Lease.—The terms of the
terms
lease of
the
with
the
property to the
Consolidated Railway Co. (the
trolley subsidiary of the New
York New Haven A Hartford RR.) arefstill
withheld from
Gardiner and the Amrusta &
Winthrop <S:
Watcrviilc, the last not yet built.
These,
with a number of short
connecting tines, will be united under the name of
the Lewiston Auguua .&
Watcrviilc RR.
We expect to spend about
$1.500,pop to get this system in order.
We intend building the
Augusta &
Watervilie line as soon as the Railroad
Commission will let u>.
We have
secured the ritriit of way over the entire
distance:
there
remain
only n few
minor technicalities.—V. 82.
p. 509.
Louisiana Railway & Navigatiofi Co.—First
Passenger
Train.—The first passenger train into New
Orleans ran over
the line
on
Feb. 8.
Compare V. S3, p. 1098.
Maryland & Pennsylvania KR.-^-Report.—The results for
the year ending Dec. 31 were:
Gross
Cal.
Earnings.
1906
$354,354
1905
344,626
—V. 82, p. 1380.
Year—
Xct
Earn in os.
hit.
lut. on
on
1st M. B 'ds. I n conies.
$46,002
46,236
$116,857
114.360
$36,000
Misc.
Deduc’ns.
Balance,
Surplus.
$1,090
$33,755
32,124
36,000
^Mississippi Arkansas & Western Ry.—Bonds Pledged.—
See
Bliss-Cook Oak Co. under “Industrials”
below.—V. 75,
442.
p.
Missouri & Kansas Interurban Ry., Kansas City, Mo.—
Bonds Offered—Road Operated with Independent Motor Cars
Having Electric Dynamos Run by Gasoline Engines.—Swart-
Appeiizellar, New York City, offer for sale 8500,000
first mortgage 5% fifty-year gold coupon bonds of 81,000
each, dated Jan. 1 1900 and due Jan. 1 1956. Interest pay¬
able July 1 and Jan. 1 at St. Louis Union Trust Co., trustee.
“Payment of interest for two years from Jan. 1 1907 (during
the early period of development of the property) is guaran¬
teed by a cash deposit of 8100 on each 81,000 bond.”
The
road, 20 miles in length, was opened for traffic in Nov. 1900.
A. F. Hunt Jr. is President; Alex. Monroe, Vice-President;
Chas. E. N. Coles, Secretary and Treasurer.
Office, Gotham
Bldg.,..Baltimore Ave. and lltli St., Kansas City, Mo.
wout A
Extracts of
Letter from President Hunt, Dec. 1 1906.
railroad corporation organized under the laws ol
stock of $1,000,000. in shares of $100 each.
Total
authorized bond issue $600,000. of which $500,000 has been Issued for the
construction and equipment of the railroad from Kansas City to Olathe,
ami $100,000 Is reserved lor additional terminals, equipment, &e.
The
road starts at Kansas City. Mo., con.a cting with the Roanoke terminus of
the Metropolitan Street Railway, and passes through or near Rosedale,
South Park, Merriam and Lenexa.
The population of Kansas Pity is
300,01/0 and that ol Olathe 7.turn, and while none of the intermediate towns
lias in excess of 5oo inhabitants (with the exception of Rosedale, which
has 3,5001, they lie
close togetner
in a rich agricultural territory,
bound to furnish an ever increasing traffic in passengers, freight and ex¬
press and alone lilted to supply the demand for suburban homes adjacent
The company is a
Kansas with a capital
Kansas City.
to
391
THE CHRONICLE
Feb. 16 1907. j
owned by outside stockholders,lwhilel4l)%iJsiheld.jby
Purchase of the Providence Company is.the hrst step to
of the Old Colony by tlieJNew^iiaven.
the New Haven.
eventual purchase
Boston Terminals.—A bill is pending in the Massachusetts
Legislature to authorize the company to increase its Boston
terminal facilities by the purchase of the stocks and property
of the Roxbury Central Wharf and tlie? South Bay Wharf &
Terminal Co.
Nathaniel Thayer and Charles S. Mellenpiow
hold tilt* stock of the two companies as trustees of the/New
Haven Co.—V. 84. p. 340, 271.
Newtown (Pa.) Electric Street Ry.—Foreclosure Sale.—
This road was sold under foreclosure on Jan. 26 at Ooyles-
town, Fa., and was purchased for 8100,000 in the interest,
it is reported, of the Newtown Langhorn A Bristol Street Ry.
Co.
Of the 8300,000 of outstanding bonds, 8200,000 were
owned bv the Railways Co. General.
A provision of the
mortgage, we are informed, gives priority of lien to \hereu¬
in default
pon*
over
the principal of the mortgage.
Northern Central Ry.—Merger Flan Disapproved— Divi¬
dend Increase Recommended.-—The committee of shareholders
Feb. 11 issued a statement
on Feb. 25 advocating
the abandonment of the proposed merger of the Northern
Central with the Pennsylvania.
The committer recom¬
appointed in November 1903
to be submitted to the annual
on
meeting
mends that the directors fix the rate of the next semi-annual
dividend at 5%, and that regular dividends shall be paid
thereafter at not less than 5 per cent so long as the com¬
pany's net income shall warrant the same.—V. 84, p. 103.
Northern Maine Seaport RR.—Bonds Resold.— A.&B.
Leach A Co. and Messrs. Mackay A Co., who recentlyjpur¬
chased jointly from Brown Bros. A Co. the remaining 8500,000 first mortgage 5% bonds held for the account of thejbond
line, and tin* grade never exceeds
syndicate, have sold practically the entire block, the bonds
The line, except in Rosedale, Lenexa, Kansas City and Olathe,
having been offered at prices to net about?4%%.%■ See full
passes over a private right of way, 80 l'eet In width, owned In fee simple.
particulars in V. 82. p. 392.
Steam railroad grades and construction. 7<>-lb. rails: stone depot and live
combination stone and wood depots.
Equipped with three Independent
Philadelphia & Erie RR.—:Report.—l;or calendar year:
motor cars, operated by the Strang system, a combination of gasoline
Gross
Xct
engine, electric dynamo, storage battery and electric motors.
The engine
Fixed
x DiriExiraor■
Hal.
Year.
furnishes the power to run the dynamo, which generates electricity for tindlnoru.
Earnings.
Income.
Cliurgcs.
Omuls.
Burp.
1906
motors.
The storage battery receives the surplus current when tlie load is
.$8,342,875 $2,309,785* $1,336,302 $647.UK) $262,-j29 $63,954
8,255,366
2,527,132
647.100
546.26 1
light, and furnishes'the excess power required on starting, during accelera- i 1905
1,271.503
62,265
tiou and in climbing grades.
The equipment also includes 4 passenger I
x
Includes
dividends
on
coaches, 2 freight cars ami 1 locomotive, but tills will in- increased in the j
special stock. $16s,oo(>. and <>"„ on common
stock, $ 179,100: total, $6 17.100.
spring to meet the demands of increasing traffic.
Sole .1 uthorized. - At the annual meeting on Monday “the
Nashua & Acton RR.—Xew
There is not a bridge or trestle on the
1%.
.
..
.
fihxl in
tlu‘
Company.—A bill has been
to incorporate this
Massachusetts Legisiavure
company, with Benjamin A. Kimball, Charles E. Morrison,
Herman F. Straw. Frank W. Maynard, William 11, Beasom
and John F. Webster as incorporators, to-purchase from the
Concord A Montaval RR. the property and franchises of the
Nashua Aeton A Boston RR. (\. 82. p. '568, 392).
The
capital stock F not to exceed 8506,000; par of shares 8100
each.
New York Central & Hudson River RR.—Terminal
Office
The “Railway Age” of Feb. 8 con¬
Budding in A 'etc York.
tains
a
short illust !‘:iied article
regarding the 18-storv office*
building which is to be creeled by the company in New York
city on the site, 275x160 fern, hounded by 43d St., Lexing¬
ton Ave.. 45th St. and an extension of Depew Place, part of
the New York terminal.
V. s t. p. 3 10. 271.
New York City Ry. -Transit >' Decision.---The Appellate
First Department, on Feb. 1 1
Form of 1 ho Sunivim- < 'oiirt
)y a vote of 1 wo to om* in the case of one Kelly against the
jompany. heh 1 that t he latter wa< liable -o a 850 penalty for
•efusing to give a second transler to enable the passenger to
,
.
.
one continuous ride for a
5-ee'tt fare to his place of
iesiination. evui though he traveled both north and south
lave
doing. .Justices Gilhersleeve and Amend concurred hi
majo'div opinion. .Justice Mud/am dissenting.
An
ippeal will iv* taken to t lie Appellate 1 Mvision . —Y . 83. p. 966.
New York New Haven & Hartford RR. —Offer for Steam •hip Fines Declined. —The directors at a meeting held on
deb. 9 voted to decline the offer of diaries W. Morse and
n
so
lie
associates to
purchase the company’s steamship lines, in-
■ludingthe New England Navigation
Ihe price offered
Go.
that company's 85.600,000 stock is unofficially reported
is 8400 per share, par value 8100.
Sale of Bonds.—The company has sold to Kuhn, Loeb A
do. 145,000,000 francs 4% 15-year debentures, equivalent
o about 828,000,000.
Tin* bonds will be exclusively placed
or
ipon
the foreign markets.
I hey will be issued in francs
vith a fixed rate in marks and sterling.
The
he issue have not yet been determined upon.
Terms >i Lease. —S *t * (dmneetient Rail wav
Steam strips.—See Boston A Philadelphia
inder “Industrials.”
details
as to
& Lighting Co.
Steamship Co.
Plan. -—Ihe Massachusetts Legislature has re¬
cently been considering a Dill to authorize this company’s
eased line, the Old Colony RR., to purchase the franchises
md property of the Boston A Providence RR., which is
iperated under leaseat 10',; vearlv on 84.000,000 stock , most
»f which is owned by the'public.
At a recent hearing
\>lonel Benton, representing the X. Y. H. II. & H. RR.,
rave the following facts as.reasons.for permitting the merger.
In 188S the Uoston & Providence was leased to the Old Colony Hit.. thly
ease expiring April l 1987.
The rental is
on the capital ot $1,000,000,
ind the Old Colony aerm-d to pay the $600,000 debts of the Providence
lompauv. Raisin*? of grades entailed nearly S4.ooo.ono expense, while
ibollshlng grade cross!lifts cost. $2.ooo.000.
1 he ProvidenceCompany
uvns one-fifth of the capital stock <>! tlie Boston
Terminal Station.
Ihe
Merger
xtension of tlie Providence line, parallel with the
12 ooo 000
Tt will be necessary to take out about
These expenditures were required to
leavv cost.
:rowth of business.
http://fraser.stlouisfed.org/
WfMlWIWlllillpi
Federal Reserve Bank
of St. Louis
About r>o(,^^of t!u*
Boston & Albanj
cost
nine more crossings, at
keep in. e-nee with the
,
stock of the* Old Colony Co. Is
ipu'fw'g V;
-
-
between the Pennsylvania RR. Co. and ihe Phila¬
delphia A Erie RR. Co., dated Jan. J8 1907. for the sale to
and acquisition by the former of the franchises, corporate
property, rights and credits of the latter" was authorized
bv \'ote of the shareholders* almost unanimously.— \TA84,
agreement
221.
Pittsburgh Cincinnati Chicago & St. Louis Ry .-—Offer to
Exchange Stock.—See Chartiers Ry. abovg.— V. 83, p. 1471.
itio de Janeiro Tramway, Light & Power Co., Ltd.—
Stunts.—Baillie, Wood A Croft, 42 King St. West, Toronto,
Canada, in a circular recommending this company's stock
and bonds, which the firm says have fluctuated during 1906
p.
between 39 and 52 and between 74 and 82 respectively/give
the following particulars, which should be read in connec¬
tion witli tlu; authoritative statement in V. 83/p. 214
Capitalization—
Bonds (5% first mortgage gold
Stock (stumvs of $ lot) each)
bonds)
Authorized.
Issued.
_$25,1)90,000
$20,900,000
25,000,000
21,993,900
The bonds are Issued In denominations of $100, $500 and Si,ooo andfarc
secured by a first mortgage dated Jan. 1 ’1905
in favor ol tin* National
Trust Co.. Ltd.. ;ts trustee, interest 5% per annum, payable Jan. pand
July 1 at offices of Canadian Bank of Commerce, either in London, New
York or Toronto.
Principal redeemable in gold at par. at the same places,
Jan
i 1935.
Sinking fund towards redemption ol bonds, commencing
in l.rio. !
upon the total amount of bonds outstanding.
The company is it Canadian limited company. Incorporated in .June 1904,
which iu:, acquired a well-established tramway business and is establish¬
on
a power and lighting business In the city of Rio de Janeiro under certain
valuable concessions.
The company owns two great water powers, capable
of de\ eloping, the one Jo.ooo horse power and tlie other loo,ooo horsepower
in the di ve-; season.
At present about 17,000 horse power is used in the
ing
for indu-triul purposes: new docks are being constructed, which are
being equipped with electrical crams, and there is also considerable power
u-ed in the immediately surrounding country.
As coal in Brazil costs from
$6 mi to $s 75 per ton. the board expect a ready market outside of the
compatn s own enterprises for at least 20,000 horse-power as soon as they
elty
aid" t*> deliver it.
In sidle of the construction of tlie underground system and other exten¬
sive improvements.'which have necessitated tlie entire suspension of the
service oa various Hues for long periods, the company’s net income for the
iirst twelve months during which It has had control of the various enter¬
are
prises acquired is estimated, subject to audit, to have exceeded $1 ,265,333.
The first part of 1907 will be occupied In construction, but when the works
completed the directors expect that tin* net earnings will be sufficient
all iixed charges and to pay regular dividends upon the stock.
Aetnal Earnings (the Gross Bring Equal to about $5,913,249 Per A nnurn.i
are
to meet
Month—
August 1906
September 1906.
Gross.
_
Xct.
j
Month—
$492,823 $115,551 j October 1906
477,330
132,0001 November 1906
Gross.
..
Xct.
$598,,339 $156,600
492,600
150,960
See further particulars in V. 83, p. 214, 436.
St. Louis & San Francisco RR.— Offering of Car Trusts
Guaranteed by American Car &
National Bank of Chicago, bond
Foundry Co.—The First
department, is oITeiing at
and interest for the 1907-09 maturities; 99>*4 and interest
par
for the 1910-Jan. 1912
maturities; 99R7 and interest for the
July 1912-1914, and 99 and interest for 3915-1917. the unsold
part of 83,300,000 gold car trust 5% notes of 81,000 each,
guaranteed principal and interest by the American Car A
Foundry Co., the maker of the ears. The notes are dated
Jan. 1 1907, interest payable Jan. 1 and July 1 at the First
Trust A Savings Bank, Chicago.
Principal matures $105,000 semi-annually from July 1 1907 to Jan. 1 1917, both
inclusive.
These notes are Issued by the St, Louis & San Francisco RR.
who
leased these ears from the First Trust Sc Savings Bank. Chicago, ami the
St. Louis t'nion Trust Co.. St. Louis, trustees, paying $375,000 in cash,
being to",', of the cost of the cars, and gave their notes for the balance
"
li ---ru-,*-**,r'•'W>'-(••W'‘t ""l'"tiff
P‘ “ ru
%>•
31)3
Cars
THE CHRONICLE.
Costing $3,732,000 held by Trustees until till Notes
2.000 box cars,
250 Uat cars.
500 furniture cars,
500 stock cars.
Form
of Guaranty /Tinted
the Notes.
on
are Paid.
50 cabooses.
at maturity as such
may from time to time mature.—V. 84, p.
principal and interest
840.
change has listed 82.30.000 additional St. Louis Division 4%
bonds of 19.31. $800,000 additional Memphis
Division first
mortgage 5% bonds of 1990 and $1,3.31,000 additional first
consolidated mortgage .3% bonds of" 1994,
making the
total
amounts
listed $ 1 2,.300.000, $0,.383,000 and $48,-
respectively
Fxpendi tare
.
Accounts
of which the Additional iiomls were Issued.
enicfly Jasper-French Lick extension ,5231 ,000.
Memphis Uiv. 5s < $80.i.0001 construction of line Stevenson, Ala., to Chat
tanooura, Tenn., $025,oon.
First consol. 5s ($ 1,851,000*, sundry improvements and additions,
namely:
Yards, depots and water stations, $422,827; new and additional side¬
tracks and other trades. $441,501: new a id add itlonal
equipment, $78,023; real estate and right of way, $40,408; total, $808,710.
Also for
the acquisition of $572,000 Virginia Midland 0",, bonds
due Ma eh 1
1000, deposited with the trustee, and in exchange-for Sl.oon Charlotte
Columbia & Augusta nrst murtgare 5% bonds.
on
St. Loul« I * 1 v. 4s (5250.000'
.
,
Puryust of Issuance of $18,147,000 First Consolidated Mortgage Bonds.
Purposes ol reorganization
...$21,011,000
Cincinrtatl extension bonds and \la. Gt. So. Ry. Co.. Ltd., stock
2,100,000
New construction, new equipment and the acquisition of branch
lines or securities thereof
16,000,000
Redemption or acquisition of prior lieu bonds
j._
_
...
4,805,000
Retirement of equipment trust obligations.
4,201,000
.
.
....
.....
.
.
.
.
..
...
Increase
said:
in
Wages.—Tin* “Railrond Gazette’' of Feb,
8
Under the adjustment reached Feb. 5 all conductors, trainmen and
yard¬
ol the Southern Railway are to receive an increase In
wages, the total
amount involved being between $450.non and $400,000 a
year. No flat In¬
crease Is given, the Increase in every case
being dependent on conditions.
The Increase amounts, however, from 0 ',, as the minimum to
25% as the
maximum.—V. 84, p. 340. 221.
men
Susquehanna Railway, Light & Power Co.—Xcw Holding
C'o.-■—Tin* company was incorporated in Xcw
Jersey on
Jan. 30 as a holding company to take over control of the
Lancaster Railway it Light Go. (set1 V. 84,
p. 271) and
electric railway, light and gas properties in other cities.
The authorized capital stock consists of
$10,000,000 each
of common and .397 preferred stock, the latter
having the
further light to share pro rata with the common stock in
dividends up to 7%.
Par of shares, $100 each.
Further
facts will be made
Toronto
year
Year.
1900
1905
public shortly.
Railway. -Report.—The results for tin* calendar
were:
.
Gross.
Net.
.53,109,740
2,747,425
51,403.224
Charges.
$506,184
1.180,887
404.400
Paring. Die's (5%). Iialance
$80,900
$100,241
$455,854
79,997
859,000
292,584
From the balance as above then1 was deducted for contin¬
gent account $100,000 in 1900, against $.30,000 in 190.3, halv¬
ing surplus of $2.3,3.8.34 in 1900. against $242,584 in 1905.
V. 82, p. 930.
—
Twin
year
City Rapid Transit Co.—Report.—The results for the
ending Dec. 31 were:
Year
1900
1905
Gross.
.
.
.
.
.$5,044,988
.
4.759,208
Net.
$8,019,009
2.040,1 17
Dividends include 7%
lot. & taxes.
$1 .147.427
I .050.797
($210,000)
Dividends.
Balance.
$1,102,500
1,091,487
$719,08 2
497.944
the preferred and
on
5%
on the common yearly, the hitter amounting to $912,5 )()
in 1900. against $881,387 in 1905.
From the balance as
above there was appropriated for renewal funds $482,000 in
1900. against $240,000 in 190.5, halving a surplus of $237,082
$257,933 in 1905.—V. 83. p. 1525.
United Railroads of San Francisco.—Listed.—The New
ill 1900. against
York Stock
Exchange lias listed $1,000,000 additional 4%
sinking fund bonds of 1927, making tin1 total listed $21,000,000, and has authorized the listing from time to time, lint
prior to Sept. I 1907. of $4,409,000 additional of said bonds
on official notice that
they have been sold, making tin1 total
amount authorized to be listed $25,409,000.
The entire
$5,409,000 additional bonds
are
to be issued
as
follows:
“The company is now and has been long actively engaged in the better¬
ment and improvement of its
premises, acquisition of ears,
purchase and
laying of new rails, buildingof car barns, acquisition of electric machinery,
equipment, and appliances necessary to the operation of Its railroads and
generally In anti about the reconstruction of its lines as electric railroads.
The company has actually expended in and about such work of reconstruc¬
tion. betterment anti Improvement, to the date of this application (Jan. 24
1997). upwards of $4.870.504. and has entered into contracts to be
per¬
formed within the ensuing six months for additional
construction, better¬
ments and improvement^. upon the lines above indicated to the
amount of
upwards of $2.717,351.”
Income Account, for 11 Months ending Nor. 40
Calendar Year 1905.
Period
Covircd.
Gross'
Net
Interest
Earnings.
Income.
Charms.
8
1900 m n.os. 1 .5,894.587
1905 (ye'tl i
7,000.891
V. 84. p. 440. lo.j.
_
$
2.040.750
4,470,808
1990
{Forthi/nake Yean and
.sinking Renewals Balance.
Funds. VcDcprtC. Fundus.
$
$
S
1,445,189 284.088
129,818
! .524.050
454.444
United Railways Investment Co.
Snbsidia.ro.—Sec Dinted Railroads
above.—V. S I. p. 101.
205.448
San
Francisco
West Chester (Pa.) Street
rect
name
Georg*"1
Street
R.
At lee
a-
as
Ry.- A ante. —This is the cor¬
whose bonds art1 being offered by
Go., Philadelphia -not “ Westchester
of thi*, company
l!v.M
S
781.000
1.444.140
Bonds and Bantings- oj
of
American Coal Co. of Allegany County, Md.—Extra Divi¬
dend.—The directors of this New Jersey corporation on
Feb. 11 declared a semi-annual dividend of 5% and a
special
dividend of 25% upon the $1,500,000
capital stock, payable
March 1 1907 to holders of record Feb. 18.
The extra
on
Seaboard Air Line Ry.—Subscriptions for Bonds. — Stock¬
holders, we learn, have subscribed for the greater part of
the $7,300,000 of the 5% 30-year collateral trust bonds
offered them recently at 90 and interest.
Compare V. 84,
]). 272;
V. S3, p. 1412. —V. 84, p. 340.
Southern Railway Co. -Li.Hiat.~-The New York Stock Ex¬
137,000
LXXX1V,
INDUSTRIAL, GAS AND MISCELLANEOUS.
’
The American Car & Foundry Co., for value received, hereby
guarantees
that the car trust notes of the St. Louis & San Francisco Ry. Co. dated
Jan. 1 1007. numbered from 1 to a,557, both Inclusive, shall be paid, both
principal and interest, promptly
[ VOL.
A
limited last week. — V. Si, p. 310.
disbursement, it is understood, represents a part of the pro¬
ceeds of the company's interest in the Georges Greek & Cum¬
berland Railroad Co., which was sold to the Gould interests
last month.—V. 84, p. 222.
American Smelters’ Securities Co.—Xew Directors.—At a
meeting of the directors on Feb. 11 the board was increased
from 17 to 20, the following men
being elected:
Arthur L. Walker, Joseph Cleudenin, John K. MacGowan, William
11.
Pierce anil John N. Steele were chosen directors, two to iill vacancies
on
the board.
The iir.st four of tHe new directors were also elected as
members
of the executive committee, two to till vacancies in the
same.—V. 84, n.
1449.
American Smelting & Refining Co.—New Officers.—On
Feb. 11 the board of directors voted to increase the executive
committee from 14 to 16 and elected as members thereof
Arthur L. Walker, Joseph Clendenin and John Iv. Mac¬
Gowan, one of the three being chosen to fill the vacancy
caused by the resignation of Simon
Guggenheim, who was
recentlv elected United States Senator from Colorado.—.
V. 84, p. 222, 160.
American Writing
Paper Co.—'A 'ot Authorized.— The
shareholders at the annual meeting on Feb. 13 declined to
approve- the proposition to reduce the authorized capital
stock from $25,000,000 to $22,000,000
by
limit of common stock issue from $12,500,000
reducing the
to$9,500,000
through the cancellation of the $2,000,000 of treasury shares
and the $1,000,000 which has never been issued.
Edwin
Gould, Third Vice-President, it is reported, opposed the
step.—V. 84,
p.
161.
Balaklala Consolidated Copper Co.—New Stock.—The
stockholders will vote Feb. 23 on increasing the stock.from
400,000 to 600,000 shares ($25 each).
that 100,000 shares of the
state
new
Boston despatches
stock which have been
underwritten by. strong financial interests in Boston and
New York will be offered to
March 4.
The company has
the
stockholders of
record
outstanding $1,500,000 6%
gold bonds.
Bell Telephone Co. of
Missouri.—Option to Subscribe.—
The shareholders of record Feb. 26, it is
learned, have the
option to subscribe at par on or before March 30 for $2,028,000
new
ten
stock in the ratio of three shares of new stock for
every
of present stock.
Subscriptions are
shares
payable
20% April 5, July 5 and Oct. 5 1907, and Jan. 6 and April 6
The present outstanding stock is
1908.
$6,760,000, on
which 8% is paid.—V. 82, p. 754.
Border City Manufacturing Co., Fall River.—Dividend
Increased.—The directors have declared
of
in
10%
a
quarterly dividend
the $1,000,000 capital stock. The dividends paid
1906 aggregated only 9
j4% and in 1905 only 3J4%Compare V. 83, p. 325.
on
Boston &
Philadelphia Steamship Co.—Change in Control.
Peabody & Co., Boston, have purchased a
majority of the $1,500,000 stock in the interest, it is
commonly supposed, of the New York New Haven &
—
Kidder,
Haft ford RR.
The price offered, it Is stated, is $185 a share in cash for small lots (less
than live shares) and for blocks of live shares
(par $109 each)
$55 cash
and a $1,009 convertible bond of the American
Telephone & Telegraph Co.
of the issue recently olTered to tlie
public at 92 1$ (V. 84, p. 273),.the cash
and bond on this basis being equivalent to $196 a share.
The stock is
said to have received dividends of 6% per annum since 1902.
Compare
V. 74, p.
1253.
Butte Coalition Mining Co.—Dividend Increase.—See
United Copper Co. under “Annual
Reports” on a preceding
page.—V. 83, p. 1172, 1038.
Central District & Printing Telegraph (Bell
Telephone
Co.), Pittsburgh.—Report. — For the calendar
Year—
1906
Gross.
...
1905
.$4.901.310
4.372.292
Xew ‘Stock.—1The
directors
'
year:
Net.
Dlvs. (8%).
$952,752
902,471
$860,000
800,000
have authorized
an
Bui. f sur.
$92,752
102.471
increase
in the stock from $1
1,000,000 to $13,000,000, the $2,000,000
new stock to be olfered
pro rata to the present stockholders.
—V. 82, )). 1375.
Chace Mills, Fall River.—Stock Dividend.—The share¬
holders voted on Feb. 6 to increase the
capital from $900,000
to $1,200,000 through a stock dividend of 33
1-3%.—V. 84,
273.
Chesapeake & Delaware Canal Co.—Purchase Recommen¬
ded.—The Commission appointed last year under authoriza¬
tion of Congress (V. 83. p. 92) consisting of Gen. F.
Agnus,
Major C. A. F. Flagler and Mr. F. T. Chambers, of the
Engineer Corps of the Navy, has recommended the purchase
of this company’s barge canal for $2,514,290.
A bill has
accordingly been introduced in Congress authorizing the
purchase at not to exceed $2,500,000.
p.
The Commission further recommends the enlargement of the canal,
making the channel 45 feet deep and 150 feet in minimum width.
The
cost
of.such
a
canal'is estimated at
S2O.021 ,ooo.
or
for
a
40 foot
depth.
A canal o\er the Sassafra- River route would, they say, cost
$17,412,000.
at- least $500,000 more.
The Maryland & Delaware Ship ('anal Co. was
organized many years ago to build a canal by this last-named route and
acquired a small amount of property.
Its capital stock, originally large,
was several years ago considerably reduced.
The company’s organization
lias been maintained. William .1. Roe of Newburgh. X. Y., having recently
been interested, and It was hoped to sol! out to t lie Government.-- V. 83,
p. 1100.
•fw wjfflurft
Chicago Junction Railways & Union Stock Yards Co.—
Annual Statement.—The statement for the calendar year 1906
shows for the operating companies: Gross earnings, $5,471,866. being a decrease from 1905 of $67,252; net earnings,
$2,039,982, a decrease of $1,818. The annual income ac¬
count of the holding company for 1905 shows a surplus of
$212,526. after the payment of the usual dividends, against
$207,820 in 1905.—V. 82, p. 564.
Cleveland Cliffs Iron Co., Cleveland, O.—Extra Dividend.
incorporated under the laws of West Vir¬
ginia in 1890, paid on Jan. 15 an extra dividend of 2% bi
addition to the quarterly dividend of 3% which it iias been
paying for some time past. The authorized issue of capital
stock is $5,000,000 in shares of $100 each, practically all
—This company,
Nos. 150, 219 and 220, were payable at par and
Feb. 8 at New York Trust Co.—V. 83, p. 1101.
Business in 1906.—The “Iron Trade Review” of Cleve¬
land in its issue of Dec. 29 1906 said:
Tin* Cleveland (.'lift.' Iron Co. has finished the year with shipments of a
greater volume of ore than any preceding season, namely,2,221,703 tons.
This is to lie compared with 2,101,021 tons last year and with 1,226,125
ton
in lh >4.
The company lias not only maue a larger production than
before from some oi >is ehkr mines, but it has added the Iron licit, on the
Gogebic, the Crosby on tile Merabi and the Austin on the Marquette range.
-
Matin r is President and Treasurer
Sheadle is Secretary.
Compare V. 82, p. 1441,
Wm. G.
p.
and J. H.
630; V. 79,
272.
Consolidated Steamship Lines.—See
Now York & Cuba
Steamship Co.—V. 84, p. 223, 161.Cumberland (Bell) Telephone & Telegraph Co.—Xcw Stock
Authorized.—The shareholders at the annual meeting on
Fob. 7 authorized the proposed increase in the limit of eapital
stock from $20,000,000 to $30,000,000 (see V. 84, p. 162, 105)
.Veto Directors. —John W. Barr, President of the Fidelity
Trust Co. of Louisville, ky., and \V. S. Bransford. of Nash¬
ville, Tenn., have been ('looted directors to succeed N.
Baxter Jr., of Nashville, and the late George R. Knox.
Report.—The -results for the calendar year were:
Mail
Year—
100G
1005
Cross.
Net.
$5.31.4,84 1
$l,‘.n?,437
1,070,450
4.450,423
Charges.
$405,001
320,10(1
Div. (7°,',).
$1,121).504
940,05)1
Bat., sur.
$402 ,5)52
418,55)2
—V. 84, p. 102.
Ellsworth Coal Co.—See Ellsworth
Collieries Co. below.
Pittsburgh.—Status.—This com¬
incorporated at Harrisburg, Pa., on Feb. 4, has taken
over the property of the Ellsworth Coal Co., recently pur¬
chased in the interest of the Lackawanna Steel Co. (see report
of that company in V. 84, p. 269, and also V. 83, p. 1593).
The company's $1,000,000 capital stock is all pledged as
part collateral for the secured notes of the Lackawanna
Steel Co., described below under caption of that company.
Bond Issue.—A
mortgage dated Jan. 1 1907 has been
made to the Farmers' Loan A Trust Co. of New York, as
trustee, securing $2,000,000 purchase money notes and
$6,000,000 gold sinking fund
purchase-money bonds.
This mortgage covers more than 15,000 acres of coal land
in the eastern part of Washington County, on which have
Ellsworth Collieries Co.,
pany,
been erected four shafts-
Output.—The Ellsworth Coal Co., it is stated, produced
last year (1905 or 1905-06) 1.321,628 tons of coal and em¬
ployed 1,469 hands. The Lackawanna Steel Co. is said to
have paid about $7,000,000 for the property.
Fairmont Oil & Gas Co.— Contract.—See Manufacturers’
Light & Heat Co. under “Annual Reports” on a preceding
page.
(J. A.) Fay & Egan Co., Cincinnati.—Increased Dividend.
—A quarterly dividend of 13^% has been declared on the
$1,000,000 common stock, placing the stock on a 7% basis,
contrasting with 5% yearly at last accounts, payable Feb. 20.
Compare V. 78, p. 1 170, 345.
Fort Worth Stock Yards Co.—Called Bonds.—Fifty first
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. — V. 82, p. 337.
Fostoria Glass Co., Moundsville, W. Va.—Stock Dividend
—Further Facts!—The stock dividend of 20%, it is said,
was paid with the usual quarterly cash dividend of 2%
quarterly on Ffcb. 1. “Pittsburgh Money” of Feb. 8 says:
earnings, which
With the addi¬
up to $540,000.
A. C. Scoggins
274; V. 70, p. 657.
Heretofore the Improvements have been paid out of the
The present capitalization is $450,000.
have been large.
tion of the 20% stock dividend, this amount will be brought
W. A. B. Dalzell is President;
C. B. Roe, Vice-President;
84, p.
Friedman Bros. Shoe Co., St.
Jr., Secretary and Treasurer.—V.
Louis.—New Stock.—This
corporation has filed a certificate of increase of
capital stock from $1,000,000 to $1,250,000, showing, it is
said, “assets, $2,433,724 92; liabilities, $1,182,097.”
Greene Consolidated Copper Co.—New Officers and Direc¬
tors.—On Feb. 14 ail entire new board of directors, repre¬
senting the Cole-Ryan interests, which recently obtained
control, and replacing the old board, which included William
Missouri
C. Greene,
C.
To Guarantee Bonds.—The
Gulf Oil
D.
was
Fraser, ,T.
elected:
W. Allen. W. D. Thornton,
Searle, George X. White,
Charles E. Schelde. E. A.
G. Caldwell.
Clyde A. Mullen, V. E.
Walter S. Reed, C. A. Wright Jr., J. C.
Lalor,
Brennan, Edgar Davis, W. J. Sullivan and Arthur
President to succeed W. C.
Greene, C. D. Fraser, Treasurer, and J. W. Allen, Secre¬
tary.—V. 83. p. 1593.
Greenwood Coal Co.—Called Bonds.—Three ($3,000) first
consolidated mortgage 6% gold bonds, due June 1 1911, viz.,
W. D. Thornton was elected
fittifiJ«II, 't iwiirnu it* J
Corporation.—Flan.—This
company was
incor¬
porated Fob. 14 under the laws of Now Jersey, with $15.000,000 capital stock, in shares of $100,and an authorized
issue of $15,000,000 “first mortgage and collateral trust”
6% gold bonds, to unite the J. M. Guffey Petroleum Co. and
the Gulf Refining Co. per plan in V. 83, p. 1293, and to
build their proposed pipe line from Indian Territory to the
Gulf.
According to one authority there are intimations
that later on the Texas Company (V. 83, p. 1417) may be
acquired.
Hartford (Conn.) Electric Light Co.—Xew Stock.—The
shareholders voted at the annual meeting Feb. 12 to in¬
crease
the capital stock from $1,800,000 to $2,100,000.
A press dispatch says it is intended to issue the. new shares
to stockholders at par to provide for improvements and addi¬
tions and the retirement of bonds.
Compare Y. 81 , p. 1177.
Herring-Hall-Marvin Safe Co.—Report.—The report for
the calendar year 1906, the lirst issued since that for 1904,
shows actual not profits, before charging off depreciation,
$102,048.
A special reserve fund of $11,000 against possible
uncollectible accounts in San Francisco was appropriated,
$31,665 set aside for depreciation and $18,159 charged to
expense for maintenance.—Y. 82, p. 337, 989.
Home Telephone Co. of Dayton, 0.—Xcw Stock.—The
shareholders will vote Feb. 13 on a proposition to increase
the authorized issue of capital stock.—V. 79, p. 736, 503.
091
lias shipped tills year 115,000 tons.
Cro.'hy mine
interest on
Guanajuato (Mexico) Power & Electric Co.—Xew Stock—
shareholders will meet at Colorado
Springs on March 9 to vote on increasing the common stock
from $3,000,000 to $3,500,000 and also on guaranteeing
$1,000,000 first mortgage bonds of the Michoacan Power Co.
in consideration of $1,000,000 of the full-paid capital stock
of the Michoacan Power Co.—V. 84, p. 274.
(J. M.) Guffey Petroleum Co.—Merger Flan.—See Gulf
Oil Corporation below.—V. 83, p. 1350, 1293.
No bonds.
outstanding.
39 <
THE CHRONICLE
1907.]
Feb. 16
Hoster-Columbus (O.) Associated Breweries Co.—Annual
Meeting.—No annual report is issued, blit President Carl J.
lloster pronounces practically correct the following sum¬
mary of his report presented at the annua}, meeting in that
city on Jan 28 (this summary was furnished to the “Ohio
State Journal” of Columbus by W. B. Jackson):
The company on January 1 15)07
paid a dividend of 1
on the
$1,050,000 preferred stock, and it is-expected to continue the quarterly
dividend at tills rate.
Eater during the year, if deemed justifiable, an
extra dividend which will lie applicable to the deferred payments on the
While the Aikln law, which increased the Dow
number of saloons in Columbus
the decrease in the company’s
output has been only about 14,000 barrels, or less than 3%.
The gross
earnings for the year were above $023,000, and after deducting till operating
expenses fixed charges, bond interest, allowance for sinking fund ($50,000
of bonds having been retired during the year), depreciation charges, bad
debts and other charges, a surplus of $245,000 was earned for the stock.
preferred will be paid.
tax to $1 ,ooo, lias decreased about 20°;. the
and about 25% the number in the State,
The cash
on
hand was $35)3,00 0'.—V. 83, p.
1232.
p^ndiana Natural Gas & Oil Co.—See People’s Gas Light &
Coke Go. of Chicago under “Annual Reports” on a, previous
—Y. 83, p. 1293.
International Smokeless Powder &
page
For the year
Year
Dividends
Interest
& Misc.
$5,874
43,269
Xct Earn.
-from Sales.
$509,854
Calendar
15)06
15)05
—V. 83, p.
Chemical.—Report.—
ending Dec. 31:
695,549
Paid.
$304,500
318,000
balance.
Surplus.
$15)5) ,480
334,280
1350.
City Breweries Co.—Report.—The report for the
1906 shows, it is said, that after providing for fixed
charges and sinking fund of $25,000, and setting aside $82,000
for depreciation, there remained 6% for the preferred and
Kansas
3rcar
13% on the common stock.
Preferred Dividend for 1907.—The directors have
declared the full dividend of 6% for the year 1907 on the
preferred stock, payable quarterly, the first installment to
be disbursed April 1.—V. 83, p. 1474
Keweenaw Copper Co.—Assessment.—An assessment of
$2 per share has been levied on the $2,500,000 outstanding
stock, payable $1 April 1 and $1 Oct. 1 next.
This will
make the stock $12 per $25 share paid in.—V. 83, p. 1527.
Kings County Electric Light & Power Co., Brooklyn, N. Y.
—Listing.—The New York Stock Exchange has authorized
the listing of $1,800,000 additional capital stock, to be added
to the list from time to time after March 1 1907, but prior to
Sept. 1 1907, on official notice that it has been issued and
paid for, making the total amount authorized to be listed
$10,000,000. The additional stock was subscribed for by
shareholders of record Dec. 31 at par per V. 83, p. 1232.
sufficient to pay
Full
“Tile funds received from the sale of the stock
pose of liquidating the floating debt of the Edison
will be used for tin* pur¬
Electric Illuminating Co.
of Brooklyn, the entire capital stock of which is owned by this company,
and for the further purpose of construction work and extensions to the
properties and business of both companies.”
Income Account far
1.
Calendar Years.
Edison Electric Illuminating Co.
Gross.
Net.
Bond int.
Other Inc..
Bnl.,sur.
$2,848,822
$1,187,136
$606,560
$580,576
2,542,733
1,044,431
606,560
437.871
$8,414
Note.—The net income is here given after deducting ju each year $100,000
Year—
1906
bonds charged off.
for replacement account and $50,000 for discount on
The bond interest Includes the Interest on the bonds of
Electric Light & Power Co., which is paid under lease.
2.
Year—
'
■ •
"•*
Kings County Electric Light A Power Co.
Ed. Co. sur.
1906 ___-$580,576
1905
437,871
—V. 83, p. 1232.
the Kings County
.Other Inc.
$48,450
46,758
r
f
i-„,
Dividends.
(8%) $592,000
(8%) 400,000
wirr-vM¥
: ■- •r-
Legal exp.
$10,000
■ -,,
Bat., sur.
$37,026
74,629
394
THE CHRONICLE.
Lackawanna Steel Co.—Sale of Secured Notes.—The com¬
has sold to a syndicate consisting of Kean, Van Cortlaiidt & Co., Speyer & Co., Blair & Co. and Robert Winthrop
<fc Co., all of New York, an issue of 85,000,000
two-year 5%
secured notes of SI ,000 each (c) dated March 1 1907 and due
March 1 1909, but redeemable at
par, at the option of the
pany
company, on any interest day on (30 days’ previous notice.
Secured by pledge, under a trust agreement (Central Trust
Co. of New York, trustee), of—-
$2,500,00') Lackawanna
Steel Co. first consolidated mortgage 5% gold
bonds due March 1 193.");
1,000,000 stock (entire Issue) Ellsworth Collieries (see that eo. above);
loo.ooo stock (entire Issue* of Lake Erie Company stock:
Equity of Lackawanna Steel Co. in $12,500,000 of its first consolidated
mortgage r>% gold bonds of 1935, now pledged to secure an issue of
$10,000,000 of its 5% gold notes, maturing March 1 1910.
.Vote.—The above-mentioned agreement will
provide, among other
things, that In the event of any mortgage being made by the company before
the payment of the above $5,000,000 two-year notes, tlie notes shall be
included in the amounts to be secured by such mortgage.
The collateral trust agreement will further
provide for the substitution
of oilier securities as collateral, subject to the consent of
Speyer & Co.
The
proceeds of the above notes are to be applied towards
payment of the Ellsworth Coal purchase, towards improve¬
ment of the company’s plant and
railway at West Seneca,
N. Y., and for other corporate purpose's.
The notes are to
be paid for as follows:
30% March 1 1907, 30% May 1 1907,
40% July 1 1907, or all on March 1 1907, at the buyer’s
option. Reference is made to the letter of President E. A. S.
Clarke, in V. 84,
p.
209; V. 83,
p.
1593.
Long Acre Electric Light & Power Co., New York.—Con¬
for New Plant.—One of the technical papers says:
tracts
Tills company, which is controlled by interests affiliated with John C.
Sheehan, 252 Broadway, New York, is placing contracts for a large power¬
house to be erected in the vicinity of Longacre Square, New York.
The
company proposes to put up at first a plant of about 10,000 horse power
capacity, and contracts for the engines have already been placed with the
Wilkinson Steam Turbine Co.
This, it is understood, is only the initial
size of the plant, which Is expected to be made much
larger in the near
future.
See V. <34, p. 224.
Louisville (Ky.) Water Co.—Bonds Offered.—See “Louis¬
ville” in State and City Department on a subsequent
page
of this issue.—V. 83, p. 821.
Mackay Companies.—New Trustees.—At the annual meet¬
ing yesterday the board of trustees was increased from 5 to 7,
Pliny Fisk of Ilarvey Fisk & Sons and R. W. Smith of Osier
& Hammond, Toronto, Can., being elected to the new
po¬
sitions, the remaining 5 trustees being re-elected.—V. 84,
p. 224, 103.
Marseilles (Ill.) Land & Water Power Co.—Bonds Offered.
Devitt, Tremble «& Co., Chicago, are otFering by adver¬
tisement on another page, a block of the first mortgage
5%
serial gold bonds dated Jan. 1 1907, which were
fully de¬
—
scribed in
our
issue of Feb. 2.
The bonds
cover a
hydraulic
plant located at Marseilles, 111., which is earning over three
times its interest charge.
An electrical development is con¬
templated. See V. 84, p. 274.
Michoacan Power Co.—Bonds to Be Guaranteed.—See
Guanajuato Power tfc Electric Co. above.
Montana Coal & Coke Co., Boston.—Financial Plan.—
The committee consisting of J. A. Coram,
Joseph N. Lovell
and S. S. Rosenstamm presents, under date of Feb. 9,
a plan
for re-financing the enterprise, and a meeting of the share¬
holders has been called for Feb. 25 to authorize
an
issue of
$1,000,000 0% 20-year sinking fund mortgage bonds to take
up the present floating debt (8435,000) and the $500,000
first mortgage bonds on the basis, in each ease, of $1,100 in
new bonds for $1 .000 of
principal of old debt. A new hold¬
ing company, the Montana Consolidated Coal & Coke Co.,
'has also been incorporated under the laws of Maine, with
$2,000,000 stock in share's of $10 each, which will be ex¬
changed, share for share, for the $5,000,000 existing shares*,
t he par value of which is $25, on the
payment of $1 per share
in cash, the proceeds, $200,000, to be used to
provide the
company
with the
necessary
working capital.
already approved the above plan.
Report.—See “Annual Reports”
on
a
preceding
page.—
.
Montana Consolidated Coal & Coke
Co.—Holding Cam¬
panil.—See Montana Goal <fc Coke Co. above.
Montreal Light, Heat & Power Co.—City Council Votes to
Offer Company a Twenty-Year Contract.—The City Council
on Fob. 4,
by a vole of 21 to 19, adopted the Payette bill
offering the company a contract to supply the city with gas
and electricity for 20 years from May 1910, when the present
contract expires.
The contract would reduce the price of Illuminating gas to consumers
from $1 20. as now, to $! 05 for 1907. $1 for 1908, 95c. for 1909, and 90e.
in 1910 and (hereafter;
and would fix the charge for electric lighting at
15c. per kilowatt hour, with a discount of 20% to 1910 and of 33 oj % there
after.
It would further limit the company’s dividends to 6% per annum
non-eumulatlve; would require the payment to the city of 5% of the gross
earnings;
and would
permit the application of 1 % to depreciation.
Surplus earnings after these deductions would be applied to the creation
of a reserve fund, but after this fund reaches $3.400.000, one-third of future
surplus profits must be apportioned to consumers by a reduction of rates
The city reserves the right to acquire the plant on three years’ notice at
a price to be fixed by arbitration.
The sum of S200.000 annually must be
spent ill placing the wires underground, beginning at once.
The danger
of competition is reduced by the provision that In future no wires shall be
placed in the streets except by means of conduits and subject to the same
restrictions as are imposed on the Montreal Light, Heat & Power Co.—V.
S3, p. 2lf>.
National Biscuit
a
preceding
page.
LXXXIV.
Dividend Increased—Also Extra Dividend.—The
directors
Feb. 11 declared, along with the 3(3th regular
quarterly
dividend
on
the
$24,804,500 preferred stock, payable
Feb. 28 1907 to holders of
record Feb. 14, a
quarterly
dividend of 134% 011 the $29,230,000 common
stock, pay¬
able April 15, making the 31st
quarterly dividend, but at
the increased rate of 5% per
annum, the previous distribu¬
tions on the common shares being at the rate of
4% yearly.
They also declared an extra dividend of 1% on the common
stock, payable April 15 1907 to holders of record March
28,
being the same amount as extra dividend No. 1, .vhich
on
was
paid in April 1906.—-V. 83, p. 1474.
Nevada Consolidated Copper Co.—To
Ratify Sale.—An
advertisement
Portland, Me.,
announces
that the shareholders will meet at
Feb. 25 for the following purposes:
board of
on
To increase the
directors from 9 to 11 aud io take action
with
regard to the sale by tills company of a one-half Interest in the
Nevada
Northern Ry. Co. to the Cumberland-Ely
Copper Co. and the acquisition
by this company 01 a one-half interest in the
Steptoe Valley Smelting &
Mining Co.
Compare V. 83, p. 1039.
New York & Cuba Mail Steamship Co.
(“Ward Line”).—
Change in Control.—Charles W. Morse and associates on Feb.
13 made payment for some
$2,000,000 of the. $2,500,000
capital stock of the company (including some 14,000 shares
obtained from President- Henry P. Booth) at or about $600
a share
(par $100), and will, it is understood, purchase the
minority shares on the same basis. Payment, it is said, is
to be made largely in bonds of the successor
company.
The new Ward Line
Company will be incorporated probably
in Maine, with
$20,000,000 stock and $10,000,000 5% bonds.
The underwrit s, who arc
placing some $9,000,000 of the
stock at $30 p • share
(par $100), are headed by Hayden,
Stone <fc Co., liornblower & Weeks and
George A. Fernald
& Co.
The control of the new company7 is
expected to be
taken over by the “Consolidated
Steamship Lines” (V. 84,
p.
53, 161,223).
The “Boston News Bureau” says:
In the year 1990 the Ward Line earned
$1,300,000.net, which is equal
to 5% on the $10,000,000 bonds and
4% on tiie $20,000,000 of stock.
It
is ligured that earnings can be
materially increased through the elimination
competition, an interchange of traffic and interchange of boats.
There
two
only
important coastwise lines outside the Morse combination,
the Ocean Steamship Co. line between New York and
Boston and Savannah,
which is owned by the Central Railroad of
Georgia, and the Morgan Line,
New York to Galveston, which is owned
by the Southern Pacific RR.
The
Ward Line’s 18 steamers have a book value of
over $12,000,000 and prob¬
ably could not be duplicated for $15,000,000.
Of the so,000 tonnage,
50,000, or 60%. is brand new.
The old company was so
under-capitalized
as to have earned
yearly for five years an average of $1,300,000, or over
50% on Its stock.—rV. 84, p. 341.
of
are now
Ogden Gas Co., Chicago.— Lease.—See People’s Gas Light
of Chicago below.—V. 78,
p. 1785.
People’s Gas Light & Coke Co., Chicago.—Mr. Brady
Made
Chairman.—Anthony N. Brady of New York has been
elected Chairman of the board to succeed C. K. G.
Billings,
& Coke Co
who, however, remains
a director.
Leases.—-The shareholders on Feb. 11 voted to take over
the Ogden Gas Co. under a lease
by the terms of which, it is
said, the People’s Company guarantees the $6,000,000 bond
issue of the Ogden Company and all its other debts (as to the
bonds see V. 72, p. 214, 91).
The “Chicago Tribune”
says
'Phe stockholders ratified leases of the Ogden Gas Co.
(V. 7<s, p. 1785,
1501) and the Universal Gas Co. to Hie People’s Gaslight Co.
It is expected
there will not only be a saving in general
expenses but also in the eost 01 gas.
The People’s company has for years pureha-ed gas from the
two concerns
at a figure in excess of what the eost will be
under the leases.
The leases
run for substantially 34 years.
The organization of the Ogden Gas Co. as
constituted at present will go out of existence.
Roger Sullivan retiring as
(As to the Universal Gas Co., see V. 67,
President.
p. 179; V. 60, p. 930;
V. 59, p. 154; and also
People's Gas items V. 68 p. -174: V. 65, p. 925, 870).
V. 84, j). 34 2. 225.
—
Pittsburgh Coal Co.—Chairman Robbins Retires.—At
annual meeting on Feb. 11
from the board and also
the
Francis L.-Bobbins retired both
as
Chairman of the company.
William Flynn was elected a director in place of Mr. Robbins
and J. G. Dvsart to succeed the late P. L.
Donnelly
Presi¬
dent. Tavlor, it is understood, will also bo made Chairman.
Mr. Robbins, it is reported, will continue as President of
the
BBSrnrkholders are asked to deposit their stock at once with the Inter¬
national Trust Co.. Boston, which will issue temporary negotiable
receipts
on the payment of 25c. pet* share on deposit on or before March 4
and 75c.
per share on or before March 25.
Pull payments can be made on deposit
If desired.
A very largr majority of stockholders and creditors
have
V. 84, [). 341
[VOL.
Co.—Report.—See “Annual Reports”
011
Monongahela River Consolidated Coal- «!c Coke Go.
Report.—See “Annual Reports” 011 a preceding page —V.
S3; j). 1010.
Pittsburgh’Valve Foundry & Construction Co.—Dividend
Increased.—The directors have declared a
quarterly dividend
of 114% ,ou the $1,150,000 stock,
payable March 1, con¬
trasting with:
’06.
Muv ’00.
1%
1%
—V. 82. p. 338.
Feb.
Aug. ’06.
1?«
Nov. ’06.
Uo
Drc. 15 ’06.
l % extra
hfeh.
1 ’07.
iq%quar.
Pocasset Manufacturing Co., Fall River.—Stock Dividend.
—The shareholders will vote Feb. 28 on a
proposition to
increase the capital stock from $600,000 to
$1,000,000, for
the purpose of paying a stock dividend of 66
2-3%, and in
order to make the outstanding stock
to-correspond more
nearly with the value of the plant. The company operates
about 115,000 spindles.—V. 81, p. 1726.
Schwarzschild & Sulzberger Co., New York, Chicago and
Kansas City.—Debenture Bonds Offered.—William Salomon
& Co., of New York and Chicago, and Goldman, Sachs &
Co.,
of New York, Chicago and
Boston, are offering at par
and interest, by advertisement- on another
page, the unsold
part of the issue of $6,000,000 6% sinking fund 10-year
debenture bonds dated June 1 1906 and due June 1 1916, but
subject to call, any or all, on any interest day, at 105 and in¬
terest, and at that rate to be retired by sinking fund install¬
ments to the extent of $2,000,000 prior to
maturity. A full
description of these debentures and various facts regarding
the company were given in V. S3, p. 498.
The bankers have
obtained also the following information from the
■y.vfD1 ••Wiwo
comnanv:
Kki;. lti
395
THE CHRONICLE.
1907.]
been in continues operation
Virginia Pulp & Paper Co., Piedmont, W. Va.—
Description 0} Plant.—See illustrated article in “Electrical
World” of New York for Feb. 9 1907.—V. S3, p. 029. < -s
It has facilities for killing over 100,000 cattle,
The company makes a specialty of hotel and
club trade, and buys the heaviest and best grade cattle sold at the stock
yards. Its business is almost entirely in fresh meats; In fact, its sales of
canned goods amount to less than 1% of its total business.
Appraised value of real estate and plants, 100(5
$8,607,SS(5
Paid-in capital stock
4,373,400
Surplus (entirely accrued from earnings of the business), Dec.
Whitman & Barnes Mfg. Co., Akron, O.—•Decrease 0}
Stock.—This Ohio corporation, having acquired some of its
shares “in the regular course of business,” has tiled a cer¬
tificate of decrease of capital stock from $2,302,500 to 82,-
The Sehwarzschild
since 1873.
& Sulzberger Co. has
West
The compand owns (free ami clear) and operates extensive
packing plants in New York, Chicago and Kansas City. It Is one of
the four largest packing concerns in the country, doing a business of upwards
of $7f>,000,U00
sheep and hogs
a year.
per week.
207,400.
5,714,708
Quick assets at close of business Dec., 100(5
•
13,063,168
__
5,580,274
Current liabilities at close of business Dec., 100(5
Excess of quick assets over current liabilities at close of business
Dec., 1006..
8,073,S04
Average earnings (subject to interest charges) on a constantly
943,792
Office, Chicago, Ill.
100(5
ending Dec., 1005
preliminary statements
(after providing for all expenses and interest charges, including
Interest on these debentures), being over 20".'0 on the outstand¬
increasing volume of
business for eight years
Interest requirements of debentures, 1007..
Net earnings for 1006, as obtained from
ing
capital stock of the company..
Subscriptions will also lie received by
Bank, Chicago, and A. G. Edwards A
—Redmond
360.000
022,758
Commercial National
Sons, St. Louis.—V.
498.
83, p.
Sloss-Sheffield Steel & Iron Co.—.Yew Dividend Period.—
yesterday declared a dividend of 114% on the
common stock, payable March 1 to holders of record Feb. 19.
Dividends on the common shares have heretofore been paid
semi-annually in April and October at the rate of 5% per an¬
num.
The present distribution is made for the purpose-of
changing the period to quarterly, March 1, June 1, Sept. 1
and Dec. 1, at the same rate, but on dates different from
those of the preferred dividends.—V. S3, p. 1417.
The directors
Earnings for Ytar
earnings
Operating expenses
Gross
_
Net earnings
ended Xoc. 30 1906
int. (V. 84, p. 100,) Report:
pleted July 1.)
.$208,078 | Interest on first mortgage. .$25,000
& taxes. 110,997 j Interest on $640,000 consols. 32,000
97,081 j Balance, surplus
4u,08l
8907,000 for the physical prop¬
joint eommiteoe rep¬
appointed some months
ago.
The amount to be paid for the sources of water sup¬
ply is left to further arbitration in order that the city may
take immediate possession and begin operation of a municipal
pany has agreed to accept
erties, being the amount fixed by-a
resenting the company and the city,
plant.
Stirling Consolidated Boiler Co. of Barberton, Ohio.—Sold.
—See Babcock it Wilcox Co. above.—V.S1, p. 1977.
Toronto
Electric Light Co.—Earnings—Dividend In¬
creased.—For calendar year;
Year—
Revenue.
All Expenses.
Dividends.
Bnl.,Sur.
190(5
$899,578
$562,848
(7 f4 “») $217,27 1
$119,459
1905
775.949
471,319
<7'\'.) 208.937
95,693
The dividend rate was increased to K% per annum with
p.
included above.—V. 84,
54.
Tuscaloosa (Ala.)
Water Works
to-day that
811,000 in
RosenStillman & Co. of New York and Oppenheim
Van Till of The Hague, Holland, offer to investors
&
the first
mortgage 5% 40-year sinking fund gold bonds of the Manila
Suburban Railways Co., which are guaranteed, principal
and interest, by the Manila Electric Railroad A Lighting
Corporation by endorsement on each bond. The amount
(Extensive Improvements only Com¬
quarterly dividend for 1900
announce
—
This company is owned and operated bv the United Gas
Improvement Co. Compare V. 84, p. 100.
Staten Island Water Supply Co.—Sale to Cittj.—The com¬
the last
Co.
gotiating the same. The bonds are as follows: §1,000
Chicago Milwaukee A St . Paul general 4s, series “A,” 1989,
No. 19418; 83,000 Pennsylvania convertible 3}oS, 1915,
Nos. A8159, A42701-2; 84,000 New York Central A Hudson
River refunding 3U>s, 1997, Nos, 79300-09; and 83,000
Southern Pacific 1st refunding 4s, 1955, Nos. 8151-2-3-4-5-0,
for 8500 each, all in coupon bonds.
The bankers request
that the finder or finders notify them.
South Bend & Mishawaka Gas Co.—Earnings.—Cramp,
Mitchell A Shober, Philadelphia, who are offering a limited
amount of the present issue-of 8040,000 consolidated mort¬
gage* gold 5% bonds at 98^ and
&
railroad bonds were lost or stolen while in transit
to Paris.
The railroad companies which issued the bonds
have been advised, and all persons are cautioned against ne¬
amount of
Co.—Sale Feb. 28.—Under
Circuit Court of the United States for the North¬
ern District of Alabama, on Dec.
10 1900 Receiver A. E.
Boardman will sell the property, at a price not less than
order of the
House,
these bonds authorized is 82,500,000 and the amount
issued is 8500,000.
The interest as well as the principal is
of
payable in United States gold coin in New York. The
are subject to redemption on any interest, date after
Sept. 1 1928 and after Sept. 1 1911 they may be drawn by
lot for the sinking fund, price not to exceed 105 and interest.
The New York Trust Co. of New York is the trustee.
Appli¬
cation will be made to list the bonds on the New York and
The Manila Suburban
the 'Amsterdam Stock Exchanges.
Railways Co. has been organized by the parent corporation,
which guarantee's the bonds, and which controls the street
railway, light and power system of Manila, to construct
bonds
suburban railway lines connecting with its pres¬
furnish electric light and power in the
tributary territory. All the capital stock is owned by the
parent company. The population of Manila is estimated
at 300,000 and that of the territory reached by the new
lines at over 40,000.
The-gross earnings of the guarantor
company last year wore 8910,172 and the surplus after pay¬
ing fixed charges, 8208,535, as against 8159,561 the previous
year.
The bonds are offered at 92 pJ and accrued interest,
at which price they yield about IP/2%•
Further particulars
may be found in the advertisement, on another page.
—Thomas J. Bolger A Co., bankers, of Chicago, have pre¬
pared an interesting diagram showing the fluctuations in the
prices and income basis of loading ’municipal securities dur¬
and operate
system and to
ent
Tin* chart is divided into four
savings bank bonds
forming one, local bonds (Chicago and vicinity) forming a
second. Central and Western bonds comprising the 1 Bird and
Soul hem bonds the fourt h.
A 4% 20-yenr bond is taken as
the basis in [the first two groups, a 4 W % 20-year bond for
the third group and a 0% 20-vcar bond for the last group.
The chart brings out the fact that present prices art'I he
lowest for a decade except in 1 he case of the .Southern group
ing the past fen years.
groups,
Massachusetts and Now York
800,000, to the highest bidder for cash, at the Court
Tuscaloosa, Ala., at 12 noon of Feb. 2S 1907. — V. 71 ,p.920.
of cities,
Union Natural Gas Corporation, Pittsburgh.— Report. -—Alexander E. Orr, the President of the New York Life
The results for the calendar year wen*:
Cal.
Int. on Gas PurDividends
Cross
Xrt
Udancc, i Insurance (lies issued a statement regarding 11n* company
on Stock.
Year.
Eurninoa.
Earn:tots. Ronds,Ac. chased.
S r':>!u<. ! which will be found on another page. The income for the
1)06 ..$3,99D,926 $2,047,4 14 $268,600 $422,863 (S%) $720,000 $635,o:,i
There was
1)05
2.618,741
1.74 1.383
233,595 339,251 (8".',) 720,000 448,537 year 1906 was $100,902,178.
1904
2,419.188
1,619,221 319,937 206,032 <3"o> 720.09c 373.232
claims and to policyholders forYndowmcnts, di\ it!< ads. Ac.,
In December last the quarterly dividend rate was increased
to
844,972,418. A further sum of $21,571,73 1 was
about
75,000
to 10% pm* annum.
policyholders
the
security
of
on
tlair
D-ebics
See V. S3, p. 1475.
a1 5% interest.
This aggregates $66,511,152
United Gas Improvement Co. of Philadelphia.— 7Ytons
Lease.— Conn *ctieut
Railway A Lighting Co. under policyholders in 1906, which was more than
income for the year after setting aside the sum
for
‘'Railroads” above.—V. 81, p. 275. 164.
the legal reserve.
The ratio of expenses to premium income
paid via death
loaned
..
..
received by
93% of the
required
of
Utah-Apex Mining Co . — Ponds Cancelled- Shirk Offered.—
Fob. 6 voted to instruct tin* Federal Trust
Co., trustee, to cancel 8130,000 of the 5% 10-year convertible
bonds hold by them and to release 26.000 shares (8130,000)
of stock held by them for the conversion of this amount of
bonds.
Stockholders of record Feb. 20 are offered the right
to subscribe for the new stock at 86 per 85 share, payable
March 9 in the proportion of one share of stock for each
twenty now held. Compare V. 83, p. 217; V. 82, p. 13S3.
Utah Copper Co.—Increase of Slock.—The stockholders
will vote Feb. 19 on increasing the authorized stock from
86,000,000 to 86,600,000. The new stock will be
to present stockholders at $25 per 810 share.—V. 82,p.
Utica Homs Telephone Co.—Increase of Slock.—The stock¬
holders will vote Feb. 26 on increasing the capital stock
The directors on
from 8500,000 to
81,000,000.
V. 79, p. 2152.
Washington County
8. •'(%*% ’• *’• ^
—The banking house of John II. Davis A Co., 10 Wall St.,
this city, have to-day issued a special circular on “The
They
Present Situation of the Investment Bond Market.”
urge customers to take advantage of the present favorable
market to purchase good bonds.
They point out that they
not offering any particular issue of bonds and conse¬
quently are able to view the entire field of bond investments
with an impartial eye
I■ J'-T*'• ■%?%* ' •
Gardiner A,Co., 27 William St., New York,
offered are—Plvmpton,
advertising standard railroad notes to net from 5% to
937. 6%, a list of which will be sent on request. We call atten¬
tion to the quotations on a preceding page of the various
short-time railroad and industrial notes which have recently
Par of shares $100 each.— been issued.
•_ •
•
(Pa.) Coal Co.—Bonds.—A press dis¬
Feb. 9 stated:
Tiie Newcastle Savings & Trust Co., which’closed its doors this moraine,
“carries laree loans, notably $175,000 bonds of tin* Washington County
Coal Co., upon which it was unable to realize when the demand came from
Banking Commissioner Berkey to Increase the cash reserve.”
Compare
patch
on
V. 81, p.
851.
was
5% less than in 1905.
arc
•
Boston, have issued the 1907 edition
describing the properties and securities of
—Stone A Webster,
of their manual
the twenty-nine
corporation';, electric railway
enterprises which are
Webster Co.
and lighting
undw-managed bv the Slone A
390
THE CHRONICLE.
^Xxt (Emu mcraai
favorable weather, and
Friday Night, February 15 1907.
as indicated
by our
THE MOVEMENT OF THE CROP
a
very
telegrams from the South to-night is given below. For
ending this evening the total receipts have reached
208,148 bales, against 251,289 bales last week and
305,290
bales the previous week, making the total
receipts
since
the 1st of September 1906,
7,733,988 bales, against 5,995,286
bales for the same period of
1905-06,showing an increase
since Sept. 1 1906 of 1,738,702 bales.
the week
prices have been in the main sus¬
profitable level. Speculation has been
quiet but manufacturing industries have seldom been so
active, if, inue- d, the present volume of business has ever
before been (qualed.
Confidence is still the dominant note,
though new business in manufactured iron and steel is said
on
to be less active
EARL)
Receipts ut—
lie spot
has been firmer, owing to light offer¬
ings and soim* increase in the demand, partly for export.
City is <i no led at O^e. and Wes burn ID. 10@10.15c. He¬
lmed lard has been firm with Continent
higher. Trade has
been fairly active with offerings moderate.
Refined Conti¬
nent
10.10c., South Am rica lie. and Brazil in kegs 12(it
l'Jj jc. The mark'd for lard futun s at tin* West has been
active and irregular, some increase in the
receipts of live
hogs at tint's and n aiizing by many recent buyers having
had a depressing effect at times.
But there has been an
absence of aggressive selling for the
decline, as tin1 increased
hog movement has proved only temporary. Packers have
given support and on recessions commission houses have
bet'll buyers
DAIIA
on
i
('LOSING
May delivery
July delivery
.
PRICES
.
.
September delivery
.
Snt.
19.17 1
—R*.17
...10.30
•_»
_
OF
LAUD
Mon.
jo.lo
FUTURES
Tiles.
lo.1L’ 'i
I Loti-
10.22U
clay.
Writ.
0.117 0
10.00
10.10
IX
Thurs.
10.00
10.02 m
10.12 J;.
J'ri.
j
10.00
10.10
12@123@*. and
pickled bellit s, 1 10 10 His., 10;:.(.(<t 11 hf c. Tallow has been
dull and linn; City 0;\|@0y@.
Slearines have been quid
with oleo easy at 1 l:!sc. and lard firmer at 1 lc.
Butter has
been moderately active and higher oil
of
scarcity
supplies;
Cliees(‘ has been active and
creamery extras 83jAOtdic.
firmer; State factory 14;bjx*. Eggs hav(* declined on larger
supplies and a less *ned demand; Western firsts 25}4c.
OIL.—Cottonse(‘<l has b(*en active and
higher on'covering
of shorts, light offerings and
manipulation. Prime summer
yellow 49c.
Linseed lias been firm and more active.
City,
raw, American seed, 42(h 43c.; boiled 43(g.44c., raw,
Calcutta,
70c.
Lard lias been strong, owing to a
scarcity of offerings.
Prime 790 Vic., No. 1 extra 5S@(i0e,
Olive has been in
fair demand with yellow strong at
70@75e. and gre(»n st(*ady
at 00O’,62c.
Cocoanut lias bee n quiet and firm; Cochin 10c.
and (Avion OJgcPeanut has been quiet and steady; yel¬
low 50@ii()c." Cod has been in fair demand and
firm; "do¬
mestic 360 37c., Newfoundland 38(a;40c.
COFFEE on the* spot has been in fair demand and
firm.
Rio No. 7, 7c.; Santos No. 4, SO 8J4C.
West India growths
have been fairly active and steady; fair to
good Cucuta 8(a)
80sc* The market for future contracts has fluctuated within
a narrow
range,with tin' trading confined largely to changing
from the near to the distant options.
In the main the tone
has been steady, owing to continued moderate
receipts, local
buying and an absence of soiling pressure.
The closing prices were as follows:
'
5.00c. | June
5.05c. | July
5.7<ic. I August-
March
April
May.
5.75c. t September
5.80c. | October
5.85c. November
5.00c. I December
5.»5c. | January
■
inscriptions which
March 7, and many local dealers have com¬
pleted arrangements for their trip to Amsterdam.
COPPER has been quiet but in the main
steady; lake 25L4
@25;I£c., electrolytic 25@25FsC. Lead has been moderately
active and steady at 6.30c.
Spelter has been in fair de¬
mand and steady at
6.80@6.90c. Tin has been quiet" and
easier; Straits 4214c. Iron has been moderately active and
steady; No. 1 Northern $23@$25, No. 2 Southern $22 25
@$24 50.
1
7,178*!
j
3,933,
|
.
10,195
Norfolk
.
Baltimore
Philadelphia
252!
Tot .this week
43,711
3,217
5,477
877'
j
2,004
661
50
164
i
177
!
...
—
58,3201
36,750 j 29,436
807
306
792
!
124'
63
344
326
20,660
2,548
1,808
■
‘
2.788,
1 3
165
2,781
2,548
3,702
218
1
1 ,102
j'
7,257
336
373)
2,850
1 43
63
50
Total.
13,530 102,561
7,390
9,081
!
1
..
.863!
410,
5,471
J
80
1.904;
Frl.
10,110
1,270.
j
6531
Xcwp-1 Xe\vs,&c
1
108
,917 i
388!
Georgetown
\\ ilmington
!
Thurs.
12,481
7,390
7.537
1 ,831
2,499
153*
1 ,708 i
161
Jacksonville, dec.
31 ,796
15
201
2,628
78
1,410
2,628
100
50;
-----
20,104
2,551
10,187
2,896
2,197
2,896'
27,761
35,717 208,148
The following shows the week’s total
receipts, the total
since Sept. 1 1906, and the stocks
to-night, compared with
last vear:
1900-07.
Receipts to
•C>
!
‘
1905-00.
i
Stock.
,
This
Week.
1
Since Sep
1 1906.
This
Since Sep
1 1905. -
Week.
1907.
1906.
1
Galveston
102,561 3 ,071,375!
7,390
114,754
Port Arthur.
GorpusChristi ,&c.
Savannah.
Brunswick
Charleston
2,546
1,380.
10,787|
598
452,3451
4.722
2,896!
28,028'
39,5701
327
283
607
874
4,457;
173
4,20.5|
208,1 18 7 ,733,988' 131,235
i
5,995.2861
2,551
Norfolk.
N ewport News, &c_
New York
Boston
Baltimore.
78
.
13,1951
44,738;
1-.410:
2,62Si
.
_
_
Philadelphia
100
Total
1
In order that
178,340
318,012
330,804
32,447
j
!
118,424!
282,121!
513,063
12,88,5
33,17.5
42,896'
2,158
37,085
5,4 is!
144.613!
10,880;
15.7841
2,284
50,075
49,875!
1 1 ,699
2,3 (lei
!
1
74.710
1 1 ,906!
13,258,
.1
16,347)
883!
1
387,543
28,6201
150,991
151,393!
,082!
290,218|
1
_.
.
6,079
89.528!
162
31,150|
4 1,373 1,127,876
1.233
195,819
1 1 1 ,31 4
3,804
368
12,972!
11,682 1.173.472*
.43,71 1 1 ,802,270*
3,217
218,804
5,4 77)
103,802,
3261
6,440
20,660! 1 .248,726
2,548'
137,467j
1,808
128,545:
Jacksonville, &c_
Georgetown
Wil mington
55,023 2,032,4 81
28,172|
New Orleans
Mobile
Pensacola
we
1
—
U ei
,112.000!
199,197
7,351
13,259
3,282
924,493
1
comparison may be made with other years,
at leading ports for six seasons:
give below the totals
Receipts nt—
1907.
Galveston, &c
100,951,
43.71 1
61,264
1
4 1 ,373
21
1,233
\Yllming’n.&o
3,217
20.000
1 .808
2.5511
Norfolk
N’port N., dec.
New Orleans.
Mobile
Savannah
Charleston,&c
All others
Total this wk_
1906.
1905.
'
30,919
31 ,464
1 ,397
5H«S
10,7871
4,722
2.8961
12,507
6,9811
8,655
1,381
327
208,148
68,566'
ID O to
50,672
42,294
2,912
28,957
1,823
5,617
9,145
9,724
505
688
6,365
1 ,487
■178
3,972
131,235
1903.
,035!
3,048
13,031*
1 ,258*
2.510
1 1 ,682
1904.
5,653'
52,230
49,541
3,441
14,221
5,987
.5,664
12,468
296
537
5,372
10,383
12,316
87,92.1
152,099
156,405
The exports for the week
ending this evening reach a
total of 210,040 bales, of which 102,114 were to Great
Britain,
46,991 to France and 60,935 to the rest of the Continent.
Below are the exports for the week and since
further diminution in the demand for
leaf from manufacturers,
many of whom have apparently
secured ample supplies for
requirements in the near future.
Prices have ruled firm in the main, however.
Crop reports
from Havana continue favorable as a rule.
Considerable
interest is manifested in the new Sumatra
on
!
Wed.
0.15c.
change. Centrifugal, 96-dcgrees test, 3 13-32c.; musco¬
vado, 89-degrees test, 2 29-32c., and molasses, 89-degrees
test, 2 21-32c.
Refined has been dull and steady. Granu¬
lated 4.50@4.G0c.
Spices have been in fair jobbing demand
and firm with supplies light.
Teas-have been quiet and
steady. Hops have been quiet and steady.
PETROLEUM has been active and
strong but without
quotable change. A good demand for export has prevailed
and is expected to continue brisk,
owing partly to the re¬
ports of labor troubles in Russia.
Refined, barrels, 7.75c.;
bulk 4.50c. and eases 10.25c.
Naphtha has been fairly active
and steady; 73 @76 degrees 13c. in
100-gallon drums. Gaso¬
line has been active and firm; 89
degrees 21c. in 100-gallon
drums.
Spirits of turpentine has been fairly active and firm
at 745'2 (h 75c.
Rosin has been in moderate demand and
steady; common to good strained $4 40.
TOBACCO.—The situation has shown no essential
change.
There has been some
begin
14,118!
Pensacola
New York
Boston
j Fues.
Since
ble
to
Mon.
20,526!
..
Savannah
Brunswick
Charleston
I
Sut.
6.00c.
0.05c.
0.10c.
SUGAR.—Raw has been dull and easy, but without
quota¬
are
’
Galveston
Port Arthur_
Corp. Christi, dre
New Orleans.
Mobile
CHICAGO.
PORK on the spot has ruled firm on
light supplies. Trade*
has been dull and of a jobbing character.
Mess $18 500.
$19 25, clear $i0@ $20 50 and family $19 50
@$20. Cut.
meats have be< n <jui(*i and
firm; stocks continue light.
Pickled shouldeis N@*'Fs(l. pickled hams
February
L XXXIV,
COTTON.
meg,
COMMERCIAL EPITOME.
Friday Niyht, Feb. 15 1907.
Trade, already large, has latterly benefited from more
tained
[Yol.
Sept. 1. 7,733,088j5 ,995,286 0,795,537 0
326,67816,305,691 6,21 5.547
1
Sept. 1 1906:
Week
ending Feb. 15 1907.
Exported to—
Exports
]rom—
Great
Conti¬
Britain. Fr'nce. nent.
Galveston
Port Arthur.
49.922 31.420
-
7,390
.
9,313
*
Corp.Christi.&c
New Orleans..
Mobile
Pensacola
Fernatulina
Savannah
Brunswick
Charleston
Wilmington
Norfolk
1
‘
20.9m>
9.4 S3
t.vjn
1 ,70s
2.149
2.125
-
-
-
37,315
3.550
New York
Boston
Baltimore
Philadelphia
_
1,620
7.275
_
153
6.157
50
754
403
O
5
_
—
153
11.365
2,154
2.9.85
1
_
1,802
Seattle
(MS,497 225.679
5S.111
42,520
46,208
101,721
2,367
0.000
4,220
29.628
58.970
4.974
29,794
5,825
1.802
735.2432 ,366,100
67.184
11 1.754
1.547
1,547,
543.086 1 .117.262
40.137! 135.607
43,783
112,735
100
100
554.070
727,933
40.947
105,242
18,063*
18,063
164,295' 272,016
3.797
6,164
153
4.373
125.578
288,228
14.012;
102.817
50.392, 114,336
1,500!
31,294
5.825
i3
4S.69.3i
51.613
48.693
17.637,
17,637
51.6
—
Total.
nent.
.
133,022
88.805
Portland, Ore.
1,998'
7.2S0
._
Total
Total
28,059
26,432
127,655
64,295
...
Pembina
Detroit
Conti¬
France.
_
-
Portland, Me..
San Francisco.
Tacoma
3,769
73.784
6,989
5,477
r
-
Great
Britain.
90,661 1,27s,039 352.818
7,390
47.570
;
4,SOS
’2.104
2.231
..
Total.
,
-
1900 to Feb. 15 1907
Exported to—
-
Newport News
From Sept. 1
1905-06.
In
102,114 40,991
46,467
5,360
1,998
7.280
00.935 210.040 2.698.991 719.798 2,532,828 5.951,017
43,917
95.744 2.032,956 566,937 1,76S,961 4,368,854
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,
Great.
Britain.
at—
Feb. 1")
11,500
47.950
Galveston
France
3,709
5,000
.
14,950
31,932
13,173
19,444
—
-
-----
..
3,000
10,000
York ...
Other ports—
\ew
Total 1907. _
Total 1909 - Total 1905..
75,050
02,688
36,770
Leaving
stock.
TOlal.
-
-
426
12.832
300
3,150
24,901
9,400
26,000
25,470
17,995
135,213
32,040
39,750 236,058
17,872 155,821
f 6,222 155,604
875,948
708.072
500,835
24,901
900
2,000
12,209
15,400
5,642
3,500
2,000
12,000
70,932
38,285
74,287
2,000
38,117
21,510
22,677
270,676
107,524
426
_
—
Speculation in cotton for future delivery has been dull,
and tin' general drift of price's has been downward, owing
partly to continued large receipts, partly to liquidation of
the March option and partly to persistent attacks on the
Cotton Exchanges of the country and the whole system of
trading in futures. The latest instance of this hostility is
the passage by the Lower House of the Tennessee Legislature
of an Act prohibiting trading in futures within the limits of
that State or the maintenance of offices for the purpose of
trading in futures elsewhere. Reports have been in circu¬
lation, too, that here and there at the South there has been
some easing of quotations, and where this has apparently
not been the case, there has seemed to be some falling off in
business, so that to all appearance, in some cases at least,
prices which were recently quite strong have latterly assumed
Still, such appearances
a somewhat mbre nominal character.
have -so
often during the present season
O:
C
£
273,598
1,082 44,414
11,941 116,867
10,900
1,100
250
2,000
.
Coastwise.
past week have
New York the
a
Savannah
Mobile
Norfolk
Other
Germany. Foreign
and closing prices at
been as follows:
FUTURES.—The highest, lowest
Xot Cleared for—
9,800
Charleston
397
THE CHRONICLE
1907 |
Feb. l(i
proved more or loss
them,
been
without a certain effect.
But the large receipts and the dulof speculation have after all been the factors which have
weighed most heavily on the market. Speculation has, how¬
really been, as it were,-between two fires. On the one
side big receipts and dulnoss of speculation, and the other
unfavorable features have tended to discourage buying;
while, on the-other hand, the big consumption has kept short
selling within prudent bounds, and. the result has been a
condition of irregularity and unscttlement much of the
time, even though the net. result has been some loss for the
week.
Liverpool has continued to buy March here in un¬
doing straddles,. and with a more cheerful stock market
illusory that not too much stress has been laid upon
although it is none the less a fact that they have not
ncss
&
o
3
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‘
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v:
or?
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—
cl
ever,
of the Wall Street houses have at times shown more
disposition to make purchases. New Orleans and the South,
on the other hand, have been more inclined to sell, and
latterly, moreover, not a few of the local operators who re¬
cently bought for an advance have become discouraged
by the unsatisfactory action of the market and sold their
holdings. At times the receipts at the Southwest have
shown some indications of decreasing, but these have proved
on the whole deceptive, and the tendoruy has recently been
to increase the crop estimate.
The expectation is also very
general of a considerable increase in the acreage during the
coming season, especially west of the Mississippi River.
With the crop movement so large and the speculation so
small, the only thing which has acted as an effectual check
on the downward movement of prices has been what looks
to most people like a world’s consumption of,American cot¬
ton far surpassing anything ever before known.
To-day prices
advanced, owing partly to unexpectedly bullish Liverpool
prices, partly to firmness of spot markets and partly to favor¬
able advices from manufacturing centres, especially Man¬
chester and Fall River, including at the latter an advance in
print cloths. The next crop showed the most strength.
Cotton on the spot has been quiet.
Middling uplands closed
at lie., a decline for the week of 10 points.
The rates on and off middling, as established Nov. 21 1900
by the Revision - Commit tee, at which grades other than
middling may be delivered on contract, arc as follows:
Fair
c_ 2.00 on I Strict low mid. .e_ 0.1 1 off Middling tinged c. 0.12 off
Strict mid. fair
1,7f> on j Fully low mid.. _ 0.32 off Strict low mid.tmg 0.40 off
Middling fair... 1 .50 on 1 Low middling
0.00 off Low-mid. tinged . 0.0() off
Hardy mid. fair.. 1.25 on j Hardy low mid
0.70 off Strict g’d ord. ting 1.25 off
Strict good mid
1.00 on { Strict good ord
. 0.90 off Fully mid. stained 0.12 off
Fully good mid
0.SS on j Fully good ord
1.07 off, Middling stained _ 0.50 off
Good middling
1.25 off Hardy mid.stained 0.7S off
0.70 on Good ordinary.
Hardy good mid.. 0.57 on Strict g’d mid. tgd. 0.30 on I Strict low m. stain 1.50 off
Strict middling
Even 1 Fully 1. m. stained 1.75 ofT
0.3S on (loot! mid. tinged
Middling
Basis i Strict mid. tinged. 0.00 olT Low mid. stained. 2.00 oil
On this basis the official prices for a few of the grades for
the past week would bo as follows:
some
"
-
Y
2j
o
m
—
L
ca
e
I
I
I
I
*
»
co
co
co
ci
cc
—
I
C
I or
mi
I -C
►
—
oc
■
Cood Ordinary
Low Middling
Middling
..
1
10 .00
1 1 .10
1 1 .80
12 .00
_.
.
i
Cood Middling
Middling Fair
!) .85
,
•
9 .75
10 .50
1 1 .00
11 .7 0
12 .50
9 .80
10
1 1 .05
1 1 .81
12 O O
Thurs.
Wed.
Tues.
Mon.
Sat.
!
UPLANDS.
!
.
9 .75
10
1 1
1 1
12
.
,
.50
.OO
.70
.50
Fri.
9.75
10.50
1 1.00
1 1 .70
12.50
...
i
CULF.
Cood Ordinary
Low Middling
Middling
Cood Middling
.
.1
.
.
-
_
-
Middling Fair
.
Strict
Cood
12 .85
.
.
:
..
..
..
10 .05
10 .8(1
1 1 .30
12 .00
12 .80
11
;
o
L
i
i)
A
i
i
10
10
11
12
12
.00
7
I
.25
.01
|
.
75
y
!
J
Low Mid. Tinged.
Middling Tinged
.
..
STAINED.
Low Middling
Middling
10 .10
10 .85
I 1 .35
1 ]
..
!
,
9..10
10, .00
10 .04
1 1 .10
,
9 .05
10 f» 5
10 .59
11 .05
.
•'
9 .00
10 .50
10. .54
11 .00
,
|
10 .00
10 .75
1 1 .25
10.00
10.7 5
12 .0 I
12 i •)
12.01
1 2.75
.
1 1.25
SUPPLY OF COTTON to-night, as made
by cable and telegraph, is as follows. Foreign stocks,
as well as the afloat, are this week's returns, and conse¬
quently all foreign figures are brought down to Thursday
evening. But to make the total the complete figures for
to-night (Friday), we add the item of exports from the
United States, including in it the exports of Friday only.
THE VISIBLE
up
February
bales.
.
_
Total
251 ,000
3 ,(*00
17,000
124.000
2,000
13,000
77,000
3,000
50,000
54 .000
3,000
853.000
747.000
683,000
,208,000
.
.
.
Continental stocks...
1
14,000
380,000
428,000
.
,888,000 2,015,000
Total European stocks
.. 1
210,000
203.000
India cotton afloat lor Europe. .
345,1)00
American cotton alloat for Europe 800,149
01 ,000
07,000
Egypt, Brazil, &c., allt. for Europe
242,000
Stock In Alexandria, Egypt
501 ,000
Stock in Bombay, India
Stock in IT. S. ports .
1,,1 12,000
598,334
Stock In U. S. Interior towns
40,103
U. S. exports to-day
Total visible supply
Of the above, totals
,1 mcrlcan—
of American
Liverpool stock
bales.
Manchester stock
...
.
Continental stock
.
American afloat for Europe
..
E. S. port stocks
S. interior stocks
_.t
.
...
.
.
...
.
..
1
..
U. S. exports
184,000
910,000
924,493
074,590
9,557
..5 ,505.652 5,345.640
.
.
to-day
Total American
Fast Indian, Brazil,
and other
OeC.
90,000
Liverpool stock
London stock
Manchester stock...
.
.
10,000
14,000
01 .000
203,000
01 ,000
242,OOP
501 ,000
—
v
Continental stock.
India alloat for Europe
Egypt, Brazil. &e., afloat
Stock in Alexandria, Egypt
Stock in Bombay, India
Total East India,
Total American
1
Ac
Total visible supply
Middling Upland, Liverpool
Middlimr Upland. New \ ork
,182,000
4 ,323 ,052
5 ,505,052
0.03(1.
.
.
Egypt, Good Brown, Liverpool.
Peruvian. Hough Good, Liverpool
Broach, Firm. Liverpool .
—
5
Tlnnevelly, Good, Liverpool
9 .00
10, ,50
10,.54
1 1 .00
,
9.00
3 0.50
10.54
11.00
bales
of
3,700,640
1
33,000
1 1 ,000
10,000
54 ,000
210,000
07,000
184 ,000
9 10.000
1 .585,000
3 .700,040
700,000
7,000
399,000
4,000
218.000
3,000
73,000
45,000
2.000
751 ,000
87,000
390,000
,451 ,000
229,000
420,000
51 ,000
197,000
492,000
722.439
630,590
7,240
04 ,000
244,000
358,000
71 1 ,822
385,308
0,342
,688,000
1
4.205.209 3.869.472
809,000
43,000
639,000
390,000
722,439
030,590
7,240
follows:
549,000
48,000
717,000
420,000
71 1 ,822
385.308
6,342
3,301 .269 2,837,472
74.000
1 2,0110
7,000
14,000
87,000
5 1 .000
197,000
492,000
88,000
7,000
8,000
34 ,000
229,000
04 ,000
24 1,000
358,000
904,000 1 ,032,000,
3,301 ,269 2,837,472
5.345.040 4,265,209 3,809,472
7.28(1.
4.23d.
5.it Id.
1 4.50c.
1 1 .OOc.
1 1 Ed.
1 1 .25c.
9 1. d.
7.90c.
7 Ed.
9 3-lOd.
9.05d.
1 0(1.
5 'A d.
8.75(1.
10.30(1.
9.75(1.
5'Ed.
4d.
11
5 7-1
Gd,
4
Ed.
0
0
Ed.
Ed.
week have boon 126,000 bales.
an increase over last week
bales over 1906, an ex¬
1,240.282 bales over 1906 and a gain nf 1,636,180
The above figures for 1906 show
of 621 bales, a gain of 160,012
cess
1
descriptions are as
805,000 1 ,002,000
52,000
50,000
693,000
792,000
345,000
800,149
92 1,493
,112,006
071,590
598,334
9,557
40,103
4,323.052
.
50,000
207,000
3,000
1
12,000
037,000
7,000
50,000
12,000
s
.005,000
12,000
382,000
4,000
175,000
3,000
-1, ,035,000
stock
Total Creat Britain
Stock at Hamburg.
Stock at Bremen
Stock at Antwerp
Stock at Havre
Stock at Marseilles. _
Stock at Barcelona
.
Stock at Genoa
Stock at Trieste
1904.
1903.
943,000
1900.
1907.
955,000 1,195,000
1
1 ,000
10,000
02.000
70,000
15—
Stock at Liverpool
Stock at London.
Stock at .Manchester
Continental imports past
1
•
eeeeeeeeee
..
..
j"
?r
I O
I vr
I
over
1904.
398
THE CHRONICLE.
[VOL. LXXXIV.
AT Tin;
INTERIOR TOWNS the movement—that
is,
receipts for tlie week and since Sept. 1,
the shipments
the week and the stocks
to-night, and the same items for
corresponding period for the previous year—is set out
the
for
the
QUOTATIONS FOR MIDDLING COTTON AT
MARKET'S.—Below are the closing quotations of OTHER
cotton at Southern and
middling
other principal cotton
markets for
each dav of the
week:
in detail below.
Closing Quotations -for Middling Cotton
^
^
’-f* r.
o
^
7T X.
-
f
^
UH-I
^
^
y,
j
5
r
s
III ® |=
.* /' 5 E.
"
C Q p
5 £ s o
p
c
^'7 S
ET J j
-
|||
i
1-4 ^
3
P
§J§jtq
-7 *
O
7
Feb. 15.
■
i
r>
Galveston
New Orleans
Mobile
Savannah
Charleston
11
10 9-1(5
10 L
10 -L
Wilmington
io q
io q
1 1.10
10 q
.
}
n E
X ^ j
^
5
10*3-10
Norfolk
Boston
Baltimore
.
,
“^x-
r
i
~
P
:
Augusta
Memphis
•
.
11.35
10?
Houston
Little Rock
1
11
io
.
11
10
io
io
io
io
s
i i
io
q
-
9-10
Atlanta
t*
r
*i
4-
z: ~■ y:
—
: 7. y. *i
SC -
J
>
z
d 5: is li m fed c» ts w ^ iT< t;
ri
ic rt ii i. it
^ “ pc V. W* — C£ C Zc cs :2 ^ -Jj p
56 i* i
^
j
!
,10 15-1G
»J 14 £.' U ►- >-* pi 1C jc So
-SC5 S: ft 5 55 5
C*«
C J-C'3) 14 » 1! « t4®
CC QC
-
M
>—
C4C4>-*>-‘l-‘k—
oo,t»cc-ics
c.1
14
M C4 I 4
—
oet;<
o
(4t_i
)_i
c,1
*-*
i-,Se
r 4
O!
M
M
—*
O >-• O —* 4» 44 05 4i.
CI S.T C4 C4 SO
h* jC O C 4* S5 O
S' CD 4- 14 Si S1 00
C
SOCSt-m—
£* 04 O 05 ' J S4
45- 50 SS 4. O Sh
O' 14 •'l to 14 14 14 S.I O'
O' O CO S4 05 Oo 14
►-* 05
4i Oc ^
f4 -1 CO O 1 4 05 05 C
CO *J •'l 00 go O O —
OeloGO
Cfe.
Jj
l—*
(-»
uoq
q ] Raleigh
q j Shreveport
-
10.25-.41 10.2S-.33.
10%
_
10
follows:
as
10.53-.59 10.45-. 51
10.58-.59 10.49-. 50
II
O
L
i
10.1 1-.10
I
1)
A
Y
10.15-.16 10.07-.08!
Spot
Options
Steady.
Quiet.
.
O
io.o3-.on!
Closing
Tone—
14
14
14. Feb.
15.
05
10.00
—
i
—
i®
—I 10.00
—
—
10.19-.20,10.20-.21
10.20-.21
10.25-.40 10.19-.27 10.26-.33
10.25-. 26 10.27-.28 10.27-.28
10.35-.50 10.30*.39 10.37-.44
10.36.37 10.38-. 39 10.38-.39
.
9.97-.07
9.95-.02 10.03-.08
9.96-.98 10.01-.02 10.03-.04
Quiet.
Easy.
.Steady.
>—
—
10.1 8-.33 10.12-.20!
10.19-.26
—,
Closing
Range
©
10.05
Closing
October—
M*
Vi To
uoq
iio 15-16
MARKET.—The highest,
leading options in the New
!
10.43-. 48 I0.35-.411
10.47-.48 10.38-. 39
July—
Rantce
C4 O' 05 — S4
14 4» C 50 O'
Si S' S' •! Si *1 V S5
O 4- O
O' O' O' O'
C' *vl CO 14 00 44
CO CT O' 05 C4 05 S4 03
CO cn •'l
i,'"-* 00 O' t4 00 4* -Vi 45.
O 00 CO
10
10
Nashville
10.40A41j 10.31
May
Rantce
-4 00 CC 4i. 4» 14 ® l 4
s'i:cs5jcsirci4C4iOi4a.ijMi.4 4.^i^ooviW'iac»
-I
C S4
► 1
M 00 'l 14
•
Closing
wEtworo
■*».
00 14 14 CD
io q
10 13-10
10 q
follows:
(i» —
10.25 —10.1(5
Closing
14 C5 M
T-i»-»e» oo *-*
05 oe o
t4
4-A. .UCS M 0> CO 14 C5 O
14 WM
—
MUj;s:r
tt
-i
ii q
110 7-16
'10 7-16
to-day (Friday) at other important
as
[
CC O
11.25
-
March —
C,* 'IS
TuAl Ll
^ISiSiS'ljp S: / CgS!SilJ4.3! JtCOCCCMZiOt^W-KaOSiSZi
q
1 1.00
q
io
in q
Feb.
FebruaryHanite
Range
4. Si '1 4- 15 4-1: ii
II 0:
10
,
Sat'day, ! Monday,'. Tuesday Wed'day,
Fib.. 9. I Feb.
Thursd’yFriday,
11 .Feb.
12. Feb.
1 IS.
*3
s.
q
10 q
io q
—
~
55 *•! "I
io
|ioq
10 q
io q
10 q
1 1 .00
io q
1 1 25
11.25
; io q
110 7-16
uoq
11 q
10 7-10
io q
10 15-10
io u
,
i Montgomery
i
10 7-10
io q
Orleans cotton market for the
past week have been
■a
1-^ C: — 1 4 ^5
— C4 -.1 SC C.'
-1 ^5
414 4- 4-cs
C4 ii ti :.<•'U4 -i i4
~
'-j
lioq
q
were
9-1(5
10
.'1 1.30
ii q
10 7-10
NEW ORLEANS OPTION
lowest and closing quotations for
—
t< C: 4- r: i4
y. c.i4«-j C5c.1 st cc
c C
>—
5515
Ct
i
T- S' oc - I A: I 4
OC *.1
>: ^-c
Co
(la
i> C X i. M j: 3
-n' ^ x r: j. yM i' C M
C M tj »l ii
Cc 14 to I
14I4tC-l
10
Columbus,
10 q
io q
io q
io q
1 1.05
io q
Friday.
,
ill
ill
11
io q
io q
io q
io q
io q
io q
1 1 .05
io q
q
q
q
q
The closing quotations
Southern markets
I11
■io q
11.10
io j;
*11.30
i i q
10 7-10
io q
11 L
10 7-10
..
St. Louis
*
1
;
.
Philadelphia
^3
15 i
5 !
z
on-
Sat'day. | Monday.. Tuesday. Wed'day
Thursd’y
Steady.
i
Steady.
Steady.
Quiet.
Steady.
*-*
ai
I4M
14 l-‘
05 05 4a C4 1
■
1 4 051
4
■fc*00t\4C
05 05OI4!
C400CO C 05 CO O 04 1
•'l
*—
—
f4 14 f4
'
OMOC005 1410MSJO
14 C4 —TO' 4. O
*—•
C5 4. 14
—I
-JO-J05l4C4'-‘OI4t4CC5Cl-'COClCCCOI444.C3-JOOt4
0i-‘0.t4'-‘t4Ct4i-'4i.i-‘05-a®05UOO'-‘CoCOS5
4.4.W*CIMMMSISI£,I
04*45. O S4C'*05 cotl C5
4.
I-'
14
>-*
14
►-*
14
I-I
C5O5O5C5C4C5-IO0CO
mLi otuto COCoVl 14 ^"io 14
05
14 Oo
I-*
Cl
I-*.
CS
C04-14 45.
*0*4-*1-1*14 0*1-1 O'OCI
045.C505—‘0—‘C
00(4C4CCC50014-J«04-4.Ci05Cil4 00i-‘4^0000045C>-iOoC5CHt4
050 — 00
—
■—4-0054-4-t4 1000C4C50C1I4
45.
4»C5
1-.03
o^J£
■
Co
The above totals show that
the interior stocks have de¬
creased during the
week 12,821
bales, and
76,25(3 bales less than
are
at the same
to-night
receipts at all the towns have been period last year. ' The
52,559 bales more than
the same week last
year.
OVERLAND
SINCE
SEPT.
MOVEMENT FOR THE WEEK AND
give below a statement
1.—Wc
the overland movement
for the week and since showing
as made
Sept. 1,
up from telegraphic
The
results for the week and since reports Friday night.
Sept. 1 in the last two \rcars
are as
follows:
February
,
1 3
1 9( 10-07
—
_
.
.._
.
-
-
.
.
.
Met
v. e-t:
Inland.
Total
Leaviirc
k
-a
N
_
-.
-_.13.457
-
40,087
.
..
1 ioslon. itr
towns.
.
.
1 .205
-
Total Arc,'' tit. •Hand
Deduct shi pile Ills
to
4.210
2.004
2,997
..
_
in erioi
Are
Irom Smith
.
...
.
he
’•>
:. > nit
*
i
Iff i looted.
l
Week.
18,204
8.351
2,293
.
Overlam i
1905 -0G
Since
Week.
Sept. 1.
21 ,07 1
312,789
4,017
148.209
1 .515
33,567
2,208
03.980
534
39,81 1
5,898
170.002
Shier
Shi p put—
Via St. i /m <
Via Cain »
Via Hoe: k I-land
Via Lorn viil.
Via Cine innati
\ la <it in r 1
mins, <Nrc
...
overland,
9,277
a
Itu'iuiiimovement by
Sept. 1.
544,432
103,895
15.077
53,44 4
37.7! 1
271,585
1 .1
10,7 14
35,903
708,35 8
101 .900
35,7 1 0
1 .937
1 ,248
100,439
31,391
1.303
24,904
109,007
4.548
947,077
3 1 ,355
1 1 .703
143,1 00
025,192
rail to Canada.
The forrg-ung shows the
week's net overland
movement
lies been 57.110
ball's, against 31,855 bales for the week
last year, and that for
the season to date the”
net overland e-vhibits
aggregate
an increase
over a
bales.
’
and
'
In S"o'
1900-07
Spinners'
Net
: at m :-!
ovcrl >ud . - )
;
i’eb. 15
Feb.15
i'Option to Feb. 15
Sotithern
Came in'o
Total in m-a
-
a
'
*>i
u. i•
DaTtM-1'
.
<*.!
.
1M < NOC.'S
■
Cid
.
.
tiurime week.
Feb. If).
t
.
.
.
.....
.
Since
Week.
Sent. 1.
1 3 I ,235
5,995,280
3 1 .355
.
.293,058
..(/12.821
.
it ,8 1 1 .005
502.058
280,237
.king'- to Feb. 13.
00.282
025,192
40.OOO 1,111 .000
208,590 7 ,75 1 ,478
1722,49 l
539.413
180.090
...10,313,723
.....
.
1,779,49s
...
8.270,891
13,000 1,019,002
into sight in previous
years:
Paths.
—
—
_
nUt.-T week.
Mo\ •one ■UY( k -1 9or>
!V!\
l'Oi l
F< !.
1<)03—-r !.
not:’-- !' -n
i
IFeefc.
Sept. 1.
.208,148 7 ,733 ,988
37.110
9 17.077
47.51)0 1,130,000
to
....
coti.e
Total m.i'.-k*
Interior .storks
Xort li.
<
of 322,485
1 900-00-——
Shire
i '’■riel i.gs.
Receipt
year ago
..
.
■
.
.
'
Since Se"t. 1
100.31 S . 1 90-1—1*3 .-Feb.
14-1.2-19 1903-0! -Feb.
182.940! 1902-03
Fob.
20 1.303 190 1-01*
—Feb.
—
17
19..
20
21
Bales.
.9,114.082
.8,437 .47<’>
.
.
.
.8,388.230
8.420,039
WEATHER REPORTS BY
TELEGRAPH.—Reports to
by telegraph from the South
this evening denote that
the weather has been
favorable quite
generally during the
week.
Rain has fallen in but a few*
districts, and the pre¬
cipitation has been light as a rule. In
consequence farm
work has made
good progress in many sections. The move¬
us
C5
*—
00
O-V145.C105—*-J
43-
14
ment of cotton to market
has been very
Galveston, Texas.—There
lias been
free for the
season.
rain during the week.
The thermometer has
ranged from 38 to 70, averaging 54.
Abilene, Texas.—Dry all the week.
Average thermometer
55, highest 76, lowest 34.
no
Corpus Christi, 77exas.—We have had no rain the
week.
past
The thermometer has
averaged 55, the highest being
76 and the lowest 36.
Fort Worth, Texas.—There
has been
The thermometer has
week.
no
rain
ranged from 34
during the
to
80, aver¬
aging 57.
‘
Palestine, Texas.—Dry all the week.
Average thermome¬
ter 57, highest 70,
lowest. 38.
San Antonio, Texas.—'There
has been no rain the
past
week.
The thermometer has
averaged
57, the highest being
78 and the lowest 36.
Taylor, Texas. We have had no rain
during the week.
The thermometer has
ranged from 34 to 78,
57.
Xew Orleans,
Louisiana.—It has been dry averaging
all week. The
—
thermometer has averaged 58-
Shreveport, Louisiana.—There
week.
The thermometer has
-
has been
no
rain
ranged from 29
aging 53.
Leland. Mississippi.- -We have had
Tin* thermometer lias
averaged
and the loweM
to
during the
77,
aver¬
no rain Hie
past week.
50.7, the highest being 78
27.
Vickshury,. \Iis.sissippi.—There
week.
has been no rain the
past
The thermometer has
averaged
58, highest being 73
and lowest 85.
Helena,
.4?7,v7//,nv,'.s.—Splendid
is progressing well.
been no rain.
The
averaging 48!
Little
week for farm work, which
The river is
falling rapidly.
There* has
thermometer has ranged from 80
to 70
Rock,
Arkansas.—Cotton picking still continues.
It has been
dry all the week. Average thermometer 54,
highest 76 and lowest 32.
Mem phis,
'Tennessee.—The river is-now
twenty-seven and
two-tenths feet on the gauge, and
falling
rapidly. Dry all
the week.
The thermometer
being 68,6
and the lowest 32.
has averaged 50.3, the
highest
Xashville, Tennessee.—There
week.
The
26 to 72.
has been no rain the
past
thermometer has averaged 49,
ranging from
Mobile, Alabama.—Fine weather in the
interior.
Farm
making fair progress in most sections. The Toin-
work is
bigbee River and its branches
are now
We have had no rain the
past week.
ranged from 35 to 72,
averaging 53.
below; the Hood stage.
The thermometer has
Feb. Hi
399
THE CHRONICLE.
1907.]
Alabama.—The week's rainfall has been nil.
Average thermometer 51, highest 72, lowest 51.
Selma, Alabama.—We have had no rain during the week.
The thermometer has ranged from 26 to 55, averaging 45.
Madison, Florida.—There has been no.rain during the
week. Average thermometer 45, highest 66, lowest 28.
Augusta, Georgia.—There has been but a trace of rain
during the week.
The thermometer has averaged 47, the
highest being (59 and the lowest 28.
Savannah, Georgia.—We have had rain on one day during
the week, the rainfall reaching forty hundredths of an inch.
The thermometer lias averaged 50, ranging from 29 to 70.
Charleston, South Carolina.—It has rained on one day of
the week, to the extent of eightv-four hundredths ofan inch.
The thermometer Iras averaged 48, the highest being 65 and
Montgomery,
TAKINGS OF COTTON.—
WORLD’S SUPPLY AND
The following brief but
at
a
eompreheiy^TvO statement indicates
supply of/cotton for the week and
glance the world’s
from
since Sept. 1, for the last two seasons, from all sources
which statistics are obtainable; also the takings, or amount
gone
out of sight, for
the like perid.
1906-07.
Cotton Takings.
Week and Season.
Wctk.
Visible supply Feb. 8
Visible supply Sept. 1
American in sight to Feb. 15 ...
Bombay receipts to Feb. 14
Other India ship’ts to Feb. 14..
Alexandria receipts to Feb. 13. .
Other supply to Feb. 13a
Greenwood, South Carolina.—We have had no rain during
Average thermometer 40, highest 51, lowest 29.
Stafeburg, South Carolina.—There lias been light rain with
sleet on one day during the week, to the extent of thirty-one
The sleet is now melting rapidly. Average4
hundredths.
thermometer 47.5, highest 70, lowest 25.
Charlotte, Forth Carolina.—There has been no rain during
the week.
The thermometer has averaged 44, ranging from
27 to 65.
jj-The following statement we have also
graph. showing the height of rivers at.
at 8
a. m.
of the dates given:
Feb.
received by tele¬
the ports named
ir> 15)07.
1G loon.
Feet.
Feb.
Fret.
Above zero
Above zero
Above zero
Above zero
Above zero
New Orleans
Memphis
Nashville
Siireveport
Vicksburg'
of gauge.
of gauge.
of gauge.
of gauge.
of gauge.
18.0
lit.8
'll .2
12.0
r».o
11.7
0.8
10.8
84 .G
■lo. r>
MOVEMENT FROM ALL PORTS.
1905-06.
15)06-07.
February 14.
SI
Receipts at—
Week.
Sept. 1.
j 104,000:1,200,000; 99,000; 1,444,000
Bombay
For the
1—
Exports from-—
Bombay—
.
Total.
2,000
8,0001
6,000
8,000
1,000
3 ,000
j
2,000
| Sept. 1.
88,000; 1,052,000
Great
irttain.
Conti-
Deduct—
Visible supply
Total takings to Feb. 15
Of which American.
Of which other
a
6,000
8.000'
3,000
5,000
40,000
36,000
41 ,000
1,000
1,000
10,000
11 ,000
8,000 j
2,000,
43,000
16,000
.
61,0001
8,000
2,000
43,000
9,000
64,000,
46,000
11,000
year,
599
,000
542,000
195,000
lbs:j
_j
..
*
i
1,386,000
499
691,814,000
1,783,000
3,169,000
491.2
485
864,755.000 1,556,569,000
deliveries
Spinners’ stock Oct. 1
Takings to Feb. 1.
Conti¬
Great
Britain nent.
_.
.
.
Weekly Consumption,
_.
1 n November
In December.
1 n .January
Total.
Conti¬
Great
Britain nent.
621
Total.
877
253
556
809
256
1.588
2,058
3,646
1,384
1,730
3,114
1,841
1,267
2,614
1,785
4,455
3,052
1,640
1 ,258
2,351
1.717
3,991
2,975
574
829
1,403
382
634
1,016
74
74
105
105
74
75
75
105
105
17!)
179
180
180
101
101
101
1 0 1
175
175
175
175
*
omitted.
In October
last
this
1905-06
1906-07
Oct. 1 to Feb. 1.
Bales of 500 lbs. each..
000s omitted.
Spinners’ stock Feb. 1
570,000
500,000
178,000
bales!
and fof the whole of Europe the
50,000
63,000
20,000
4 2,000
17,000
4.975
1,823,249,000
497.5 pounds per bale, against 491.2 pounds
season.
Our dispatch also gives the full movement for
3rear and last year in bales of 500 pounds.
'
8.000
3,665,000
According to the above, the average weight of the deliv~
pounds per bale this season»
against 499 pounds during the same time last season. The
Continental deliveries average 4S9 pounds, against 485
ooos
Total all—
1906-1)7.
1905-06.
1904-05.
Total.
cries in Great Britain is 509
44,000
55,000
41,000
46,000
West Indies, &c.
Mr. Ellison’s cotton figures
For 1905-06.
Takings by spinners
Average weight of bales
Takings in pounds..
Supply
Consumption 17 weeks
8,000
5,000
7,965 721
6,14 8 .721
1,815 ,000
_____
.
14,000
6 ,000
,414
247 ,4 14
76 ,000
|Great Britain. Continent.
j
For 1906-07.
|
Takings by spinners.....bales1
1,560,000
2,105,000
lbs.i
Average weight of bales
509;
489
Takings in pounds
794,040,OOOjl ,029,245,001)
-
12,000
1,0001
525
8,980 227
6,888 ,227
2,092 ,000
5.345 640
t
24,000
1 ,000
1 ,000.
5,505 ,6511 5,345 ,640
Oct. 1 to Feb. 1.
14,000
23,000
1,000
1,000
12 ,000
000
128 000
666 000
265 000
1.444
brought down to February 1. We give also revised totals
for last year that comparison may be made.
The spinners’
takings in actual bales and pounds have been as follows:
2,000
1 ,000
2,000
1 .000
99 000
-l 000
17 000
2,545 470
8,270 891
CONSUMPTION TO FEB. 1.—
EUROPEAN COTTON
average
490,000
414,000
124,000
1 15,000
186 ,096
71*»>
UU0
000 j
000.
000
Europe from Brazil, Smyrna,
By cable to-day we have have
pounds last
472,000
386,000
^)22 .706
800 ,706
122 ,000
1
Embraces receipts In
Total.
nrnt.
5.505 ,652
Feb. 15.
1.
18,000
28,000
5),000
53,000 55,0001
40,0001 42,000!
2,000
15)06-07
1905-06.
15)04-05.
Calcutta—
1906-07.
1905-06.
1904-05.
Madras—
1906-07.
1905-00.
1904-05.
All others
1906-07_
1905-06.
1904-05.
Week.
Since September
Week.
Conti¬
nent.
Great
Britain.
Since
i
Since
nee
Sept. 1.
Week.
1904-05.
,784 156;
,237 10,313
.000
1,260
109
.000
814
,1)00
205
,000
,358 14,485 ,879 5,069 ,054 13,309 ,361
.
INDIA COTTON
i 8,350 ,958
1
...
280
104
9
27
3
Season.
Week.
!
Season.
121
the lowest 52.
the w<*ek.
-
190 5-06.
‘
...
..
.
74
74
74
The foregoing shows that the weekly consumption is now
IN QUEENSLAND, AUS¬
Lancashire (Eng.) manufac¬ 180,000 bides of 500 pounds each, against 175,000 bales of
possibilities of Queensland as like weights at the corresponding time last, year. The total
stocks in Great Britain and on the Continent have
a source of cotton supply.
The London correspondent of spinners’
increased 297,000 bales during the month and are now
the “North Queensland Herald” writes as follows:
387,000 bales more than at the same date last season.
There cannot be any doubt that that British colony Is capable of develop¬
ing an extensive production ol cotton, especially if assistance is given to
LIVERPOOL COTTON EXCHANGE.—To Substitute
the industry 1:: the way of capital and labor from the old country.
Within
the last year or so samples of Queensland-grown tree cotton have been
Single for Double Month Quotations.—The resolutions to
arriving in EwMand.
These have been submitted to cotton experts, who
which we referred in our issue, of Feb. 2 were carried at
have delivered most favorable verdicts as to the commercial value of this
the meeting of the Liverpool Cotton Exchange on Monday
cotton.
T !<• B Wish Cotton-Crowing Association and Me-rs. Horrocks,
ia\c valued the samples very highly, and Liverpool
amo’igst (alters
Jan. 28, and if they are confirmed by the poll which lias been
brokers have ,-o !d s-ime parcels at prices which leave no doubt tha* this
demanded, they will take effect (as to contracts) on Jan. 1
colonial cotton < enpares very favorably, indeed, with the article produced
Tite cotton referred to that fetched such high
in America, Ev ‘.ii., <i-e.
190s and (as to 11 to official quotation of single months) in
cotton called Caravonlca.
lately
samples,
of
Quite
a
prices wa; a t >•
Mr. Micliell, who introduced the resolutions,
similar cotton ha\e been received in Loudon which are much fancied.
An October next
expert wtiii has examined thesj varieties has named them "HrLba”: they
advocated their passage on the following grounds:
Cotton is grown all along the Queensland
were cultjva'
it! Brisbane.
coast from
'jrt-'rue. in latitude 27 south, to Cairns. 1 .non miles farther old’File time of arrival ran now be caused much more aeeuratly than in the
days when cotton was imported In sailing ships auu the double month
north..
Most o*' tie cotton grown in Queensland is ginned at Ipswich, a
was
necessary as a hedge against imports.
Attain, the comparatively
fact urieg tnv u a’ the head of the Brisbane River. Tin*, industry is
practice of buying and selling cotton on "cal'” exposes the seller
so far prac 1 e.l n.iiy on a tentative
scale on account of the lack of markets. modern
to the risk of being badly caught in the e\eiit of the double month on which
But so pruVal'h an- tie returns from cotton-growing in Queensland that
the contract is based going to a discount below the month of delivery.
ttiers unversed in the agricultural art are going Bi for
small faf-m. r- ; ,d
Mon over the present system is said to be productive of the gravest dissatis¬
cotton-grou* g »• i a small scale, being able, with their families to do all
faction io the buyers of •'call” cotton, for the seller naturally insists that
the work.
Tn experimental cotton-growing In tite colony very prolific yields
1 he basis of the call shall be the h'.ether of the two double months of which
have been recur 1 d. and in rite Morctoti district, where the industry is
the month of delivery is. one.
The- buyer may thus have to tlx cotton,
being carried on with some vigor, an average yield for L)h5 of about 700
say. for March delivery.’partly on February-.Vlareli and partly on Marchlbs. per arm i- announced in the colony’s statistics, though in some parts
April futures, according to which of the two positions Is the blether at the
the yield ha. got!'- to over 1,000 lbs. per acre.
time of call, with the result of "confusion, recrimination and 111 blood be¬
tween broker and client.’’
,Jt is suggested that with the adoption of a
NEW YORK QUOTATIONS FOR 52 YEARS.
single-monthContract barifE all this trouble would disappear.
on
The quotations for middling upland tit Now York
FALL RIVER MILL DIVIDENDS.—Thirty-two of the
Fob. 15 for each of the past 52 years have been as follows
6.62 18919.1211883.C
10.25 thirty-four cotton-manufacturing corporations in Fall River
1 '107-0
1 1 .OU j 1899.C.
.1 1.56 have declared dividends during the first quart or of the year,
6.25! 185)0
11.81 | 1882.
1 i .25.! 85)8
15)06
7.00 | 1889
.10.00 11881
11 .52
]5)05
7.75 11807
8.001
1888.
10.621
1880
13.12 and the total amount paid out is $100,500 greater than for
1904.
13.75! l.stPi
5.62
’
1887
9.50
!
1879
9.66 the corresponding period of 1900.
The aggregate of the
1903
p.GOl l.\95
7.5)4 11886
9.06 i 1878
.10.81 amount distributed lias been $590,900, or an average of
1902
8.81 | ! 85) 1
J). 13|1885
.11.11)1 1 877
12.88
1901.
5).501 1893
10.75 1876
7.15)' 188 1
.13.00 2.50% on the capital.
In 1900 twenty-eight mills made
15)00
8.8.x ! 1892..
distribution, and the average rate was 1.94%. In 1905 the
JUTE BUTTS, BAGGING, Ac.—Tie- market for jute
average rate was but 0.32%; in 1904 it was 1.21%; in 1903
bagging lias ruled inactive during the week under review, at it was 1.44%; in 1902 it was 1.41%; in 1901 it was 1.73%;
the following prices, viz.:
s:;4c. for 1 :>,4 lbs., and 9\ «e. for in 1900 it was 1.81%: in 1899 it was 0.88%; in 1898 it was
2 lbs., standard irrados.
Jut- - butts dull at 5(a 4c. for bagging j 0.20%: in 1897 it was 1.01%, and in 1890 it reached 1.99%.
COTTON PRODUCTION
TRALIA.—Tii<‘ attention of
turers has been drawn to the
,
■
.
maun
-
.
.
.
.
<
jiialit y.
...
_.
400
THE CHRONICLE-
It will therefore be seen that the current year’s rate of divi¬
dend payments is greater than in the first quarter of
any
year since 1890.
Dividends 1907. Dividends 1900.
First Quarter
1907 and 1906.
Capital.
F.
C.
Amount. p.
.
1 V.
450.000
350.001)
8
12.000
1 IX
12,000
1 bid
1.500
1! ,
6,750
Xo d ivhlond
300.000!
No d ividend
l
4.560
No d ividend
'
l
4,950
.
+ 2,475
+ 85,000
—
+1,500
+ 2,000
+ 2,900
!
Hargraves Mills
King Philip Mills
Laurel Lake Mills..
Mechanics’ Mills
Merchants’ Mfg. Co
Narragansett Mills
Mills
Parker Mills
Poeasset. Mfg. Co
Richard Borden Mfg. Co..
Sagamore Mfg. Co
Seaconnet Mills
Shove Mills
Stafford Mills
Stevens Mfg. Co.
Tecumseh Mills....
Troy Cot. & W. Mfg. Co.
Union Cotton Mfg. Co
Wampanoag Mills.
Weetamoe Mills
...
.
.
.......
.
+ 10,000
+ 7,500
23,275.000
O
1.94*
596.900
To Hamburg—Feb. 1—Bethania, 100
PHILADELPHIA—To Liverpool—Feb. 8—Noordland. 5
To Antwerp—Jan. 31—Marquette, 2
SAN FRANCISCO—To Japan—Feb. 13—America Maru.
+ 10,000
+8,666
Alexandria, Egypt,
February 13.
Receipts (eautars
a)
AND
1905-06.
200,000
6,105,219
5,000,317
—
Total
.
!
Exports (bales) —
week.
j Since j! This | Since 1
\Sept. l.t week. |Sept. 1.
3,2501159,3691: 6,50()! 153,278
j 140,60 1 ji 7,250 114,870'
8,2501224 ,6572 14,500,195-,040:
3,750j 78,291
2,00(>; 51.155
To Liverpool
To Manchester
To Continent
To America
Total exports
.
15,250 i 602,918
_
! 30,2 5()! 014
;!
1
a
I
,3 4 3
i
1
Great French Ger- —()th.Europe— Me.v.,
Britain,
&c. Japan.
ports, many.
North. South.
New York
4,805
403
2,914
3,243
New Orleans...26,986
9,483 27,261
365
9,689
Galveston
49,922 31,426
2,487
6,826
Port Arthur
7,390
Mobile
4,840
2,149
Pensacola
1,708
3.769
Savannah
831
2,123
3,530
789
153
Newport News.
Boston
2,104
50
Baltimore
2,231
754
2
Philadelphia
5
t._
San Francisco..
1,802
MARKET.—Our
73,784
90.661
7,390
6,989
5,477
7,273
153
2,154
2,985
...
...
.
.
...
.
_
...
.
...
.
....
...
.
...
..
.
.
.
Total
102,114 46,991
Si
7,982
.
.
16.701
5(1
1.802 210,040
The exports to Japan since Sept. 1 have boon 117ATI bales
from Pacilic ports, 10,000 bales from Galveston and 595
bales from New York.
Liverpool
lice
Sept. 1-
_
19,750 459,511
Mon.
17
17
21
20
20
20
25
28
17
17
c.
..
_c.
.....
c.
.
Hamburg
Antwerp
Ghent, via Ant.
_c.
Reval. Indirect-.
Reval, via Canal
Barcelona
GenoaTrieste
-C.
Japan
.c.
-C.
.
7,000 144,1 17
5,000 89,350
4,750 182,562
3,000 43.182
Sat.
-C.
Manchester
Bremen
This
week.
34,400
7
1.802
..
freights at New York the past week have been
follows, quotations being in cents per 100 lbs.:
95,00(1
4,556,308
received
report
!
1007.
4 lbs. Shirt¬
ings, common
to finest.
S
32s Cop
Tirist.
<1.
9
R
(<h
9 13-16 fa)
94
94
(>
<a.
(1. s.
104 (J
<5/9
8
104 6
d.
5
6
6
6
Tues.
21
20
20
20
25
28
IF/d.
Frl
28
i burs.
! 7
17
21
20
20
20
5
28
20
1!
26
23
26
•; •>
82
47)
17
17
21
20
20
11
O
L
20
2 »>
1
I)
as
17
17
21
20
20
20
25
28
-
A
-C.
26
23
-C.
26
23
32
45
32
45
-C.
Y
45
23
32
45
LIVERPOOL.—By cable from Liverpool we have the fol¬
lowing statement of the week’s sales, stocks, Ac., at that port:
by
<5i.9
ft/!)
(■//. 9
9
9
9
104 0
6
(//.(I
9
11
7
7
ft/>9
1(1
49
10
104 6
104 6
9 1 1-16 (a'
9 15-16'a!
9 4'
(" 10 15-16
6
6
Jan. 25
Sales of the week
.bales.
Of which speculators took..
Of which exporters took
Sales, American
32s Cop
Vpl's\
Twist.
.8 4
jd.
9
d.
Is.
<i.
4
|6
r>
ft/" 9
5
5
5
(a) 9
!o
94
94
94
|6
jG
94 6
94 J6
4
la)
G.03jS:r,8
,
1
5.87*8 15-10(5/)
5.90,84
r«!
5..SO18 4
to)
5.90 8-4
f<n
5.87 j.8 4
6.09 S’’ 4
lbs. Shirtinys, common
to finest.
<5/;9
l
i
4’-|
Co. 9
(509
ft/: 9
5
1
4 4-,
4 1 •, j
(a 9
r>
5
94s ;G
((V>
d.
44
s.
•14
4’
X!
44
|
Col’n
M id
..
...
Cpl's
d.
0.23
6.09
6.30
6.17
47,000
19,000
102.000
888.000
Fi b. 8
Fib. 15
62,000
2,000
1,000
49.000
56,000
2,Ooo
2,000
40,005
14,000
82,000
149,000
128,000
955,000
865,000
469,000
412,000
1 1 ,000
1 1
6,000
902,000
795,000
187,000
160,000
805,000
1 40,000
106.000
-198.000
442.000
477.000
417,000
as
closing prices of
follows:
.
Spot.
5.99
i).s?
5.91
Saturday.
Market,
12:15
•'!
P. M.
j
Moderate
demand.
Mamin]/.
Tuesday.
Wed'day.
Thursday.
Fair
Good
business
done.
Good
demand.
business
doing.
business
doing.
Mid.Upl'ds
6.11
'6.05
6.04
7.000
8,000
10.00(1
500
1,000
500
-
S.a'es
Spec.&exp.
Total bales.
Futures.
Market
\
opened
J*
Market,
1 Quiet at l1
pts. dee. /><
1 pt. udv.
j
Quiet at
3 (/c l pts.
advance.
*
1 pt..
decline.
/«
at3 4 <9 4 4
6.03
6.03
12.0t M •
1.000
in.9"0
8110
8,000
1
pts. dee.
Quiet.
0.03
Quiet .unch B'r’lv st’dy Sfe.adv
_
Friday.
Fair
1
NEW YORK—To Liverpool -Feb. 11—Baltic, 748
Feb. 12—
Victorian. 4,002 upland. 50 foreign..
4,800
To Hull—Feb. 9— Consuclo, 5__
5
To Marseilles—Feb. 18 —Roma. 408
408
To Bremen—Feb. 18—Cassel. 2,014
2,614
To Hamburg—Feb. 9—Pennsylvania, 100
Feb. 14—Lord
Erne. 200
800
To Genqa— Feb. 8—Kocnkven Luise, 2,715.
2,715
To Naples—Feb.-8 — Koeuigen Luise. 250.
250
To Leghorn—Feb. 11—Algeria. 278.
278
NEW ORLEANS -To Liverpool
Feb. 12—Colonial. 9,923
Feb. 14—Etonian, 15.810..
25.789
To Belfast—Feb. 14—Howth Head. 1,247..
1,247
To Havre—Feb. 8—-Crown of Aragon, 5,590
Fob. 9—Dcffiima. 1,925
7,515
To Dunkirk—Feb. 11—Cambyses. 1,908.
1,908
To Bremen—Fob. 9 — Pretoria. 8.000
.Feb. 11—Cambyses,
2.201
Feb. 15 -Michigan. 22,000..
27.201
To Rotterdam—Feb. 9—Pretoria. 805.
•_
805
To Barcelona —Feb. 18—Ltndenhall, 1,914..
1,914
To Venice—Feb. 13 — Lindenhall, 5.077
5.077
To TriesU—Feb. 13—Lindenhall. 2.098
2.098
GALVESTON—To Liverpool—Fel>. 7 -Logician, 8,571... .Feb. 8
—Ikbal. 1 1.220
Feb. 11 - Coaling, 0,257. ..Feb. 14 —
Stcadv :'.(
at
point
1 fti 7}1
advance.
500
Stcadv at
11
•»
pts. dec.
j («/2
pts. adv.
__
.
_
2,000
398,000
spot cotton have been
SHIPPING NEWS.—As shown on a previous page, the
exports of cotton from the United States the past week have
reached 210,040 bales.
The shipments in detail, as made up
from mail and telegraphic returns, are as follows:
_
Feb. 1
55.000
8,000
5,000
50,000
4,ooo
The tone of the Liverpool market for
spots and futures
each day of the past week and tlie daily
1
.
•
45,ono
19,000
106,000
822,000
738,000
156,000
131,000
.461,000
Actual export
Forwarded
Total stock—Estimated
Of which American—Est
Total import of the week
Of which American
Amount alloat
Of which American
1000.
Cot’n
|
Mid ,
d.
d.
s.
Feb.
15
Total.
11,365
...
A cautar Is 98 lbs.
MANCHESTER
1
S
210.040
Cotton
cable to-night from Manchester states that tlie market
is firm for yarns and
quiet for shirtings. The demand
for home trade and foreign markets is
good. We give the prices
for to-day below and leave those for
previous weeks of
this and last year for comparison:
Jan.
4
11
18
25
1.802
*.
r.
+ 7,500
+ 1,375
1904-05.
|
1
1,802
particulars of the foregoing shipments for the week,
arranged in our usual form, are hs follows:
11 avre
This
5
2
...
.
!
654
100
„
+ 3.750
+ 9,000
436,400 + 160,500
130,000
50
2,231
...
—
This week
Since Sept. 1
2,104
...
SHIPMENTS.
1906-07.
.
12—
...
On S100,000 preferred stock,
ft And 2r/c extra,
c And 3% extra,
d On cap!"
h On capital of §500,000.
SI,000.000.
x On capital of S22,525,000.
RECEIPTS
12
831
187
200
37
305
153
..
tal of
ALEXANDRIA
._
2.123
3,518
...
...
^
100
3,42fr
249
The
1
a
NEWPORT NEWS—To Hamburg—Feb. 7—Rapallo, 153.
BOSTON—To Liverpool—Feb. 9—Michigan. 447
Feb.
Winifredian, 1,657..
To Yarmouth—Feb. 8—-Boston, 50
BALTIMORE—To Liverpool—Feb. 8—Indore, 2,23)
To Bremen—Feb.
11—Oldenburg, 654
+3,750
+ 2 000
1
Total
2,149
L708
33 Sea Island
To Havre—Feb. 12—Hillgrove, 3,105 upland, 353 Sea Island.
To Dunkirk—Feb. 12—Hillgrove, 12
To Hamburg—Feb. 12—Hillgrove, 831
To Rotterdam—Feb. 13—Eretria. 187
To Gothenburg—Feb. 12—Hillgrove, 200
To Norrkoplng—Feb. 12—Hillgrove, 87
To Reval—Feb. 12—Hillgrove, 365
+1,500
+ 2,250
j
7,390
4 $40
....
$
495,0:10
7,425
lift ’
1,000.0:10 10
100,000 14 1
15,000
1,000,000
1
>
1
10,000
10,000
900.000
13.500
iH ;
13,500
14
300.000
14 3,000
4.500 l
400,00:0 3
8,000
6,000
14 j
500,000
14 1
7,500
7,500
14 1
1 >,x
400,000
6,000
6.000
14 !
580.000
2 "
1 1.600
8,700
1.4 ,
1,000,000 14 1
15.000
15,000
14
l H
SOI),000
10,000
No d ividend
1,500,000
22.500
14 d
15.000
14
300.000 2 c
6,000 2
6,000
j
750,000
1
11,250
1.4
7,500
800,000
10.000
l
8,000
l'i
1 4b
400 0 0
6.000
6,000
14
750,000
1
1
7,500
7,500
800,000
No
10.000
d,ividend
14 i
I 1 a
600.000
9,000
9,000
14
800.000 2
20.00(1
12,000
14
900,000 f>
45.000 5
45.000
1
600.000 No (1 ividoiul
No d 'ividend
1
550,000
1
5.500
1 .000.000
1
1
1
10.000
10.000
700,000
8.750
<8.750
I't 1
V4 ;
750, 00
11.250
7,50(1
14
14*
300.000 6
18.000 3
9.000
1 168.000 14
1,200,000 14
168.000
!
1
750,000
7,500 No d ividend
!
6,875
1
5.500
550,0001 l'i
1
.
.
-S
son.non
Conanlcut Mills
Cornell Mills
Davis Mills
Davo! Mills.
Flint Mills
Granite Mills
Osborn
Amount. Dec. (—).
c.;
PORT ARTHUR—To Liverpool—Feb. 11—Selma, 7,390
MOBILE—To Liverpool—Feb. 6—Prah, 4,840
To Havre—Feb. 11—Calliope, 2,149
PENSACOLA—To Liverpool—Feb. 8—Fenay Lodge, 1.708
To Barcelona—Feb. 9—Clara, 100
To Genoa—Feb. 9—Clara, 2,150
Feb. 14—Fert, 1,270..
To Trieste—Feb. 9—Clara, 249
SAVANNAH—To Manchester—Feb. 12—Gladestry, 2,090 upland,
..
or
S
American Linen Co
Ancona Mills..
Arkwright Mills
Burnaby Mfg. Co
Barnard Mfg. Co.
Border City Mfg. Co
Bourne Mills
Cnace Mills
Inc. ( + )
—
[Vol. lxxxiv.
4
...
P. M.
Easy at
54 to 9
pts. dee.
Steady at
Firm
2+3 pts.
udvanev
B’r’lv st'dy Very st'dy
H
<<r,V.,
4 fi/'O pts.
advance.
pts. dec.
at
2 (-<5 pts.
advance.
at
•
•
_
.
._
.
...
.
.
..
The
below.
.
.
.
.
.
....
at Liverpool for each flay are given
the basis of Uplands, Good
Ordinary
on
The prices are given in pence and 100Ills.
Thus
7) 7 3 an 1 tns 5
73-10(9/.
1
Sat.
Feb.
..
......
</.
Feb.-Mch.
.
..
..
.
_
.
..
12 4
p.m.
!
</.
15
5
73
_
32.951
10.087
284
</.
it.
69 4:64
,
1
d.
|G8
;5 68
___'5 66
_
_
.
31,420
2.487
2.000
3,043
.
..
1
57y
I
wHfl ifif.tvf
c -rc'Tl ‘'
Thu rs.~
4138
•
T
1
d.
d.
67
67
63 ' x 64
62 4 63
61
61
59 4 00
58
58 1 j
55 1
•.
56
Fri
_
1
12'+ 4
124
1
1 2 1
12R
p.m. p.m. ip.m. p.m. p.m. p.m. P-r.
69 4. 67
i61.4 |65
65 1X * 6(J
64
63
58
'62' .
62
57* 161
15 6 5
60
!55
!59 4
;5 63
15 60
57’F52 4 |57
52 4 47 4 52
(5 55
*5 49 4 48
Sep.-Oct
148
143
Oct.-Nov.
|5 4 4 »i 42 4,38 4 i42 4
Nov.- Dec.
15 43 4 42
142
138
'5 43 4 42 '38
Dec .-Jan.
42
Jan .-Feb. ...J5 44!X
j42
J X : 4 2 1 ’■
Mch.-Apr.
Apr.-May
May-June
June-July
July-A tig.
Aug.-Sep
.
...
p.m.j
February.
....
To Manchester—Feb. 7—Logician. 480
Feb. 8—Mercedes
de Larr!naira, 5,497.. .Howth Head. 122..
Feb. 13—An¬
selm a fie Larrinaira. 10.588.
To Glasgow—Feb. 8—Howth Head. 284.
To Havre—Feb. 7 -Crnltrendoran, 7.521.. .Feb.
8—Mincola,
13.455.
.Feb. 9—Burnholme. 10.450.
To Hamburg- IYb. 11—Euterpe, 2.487
To Rotterdam—Feb. 9-—Lugano. 2.000
J
To Reval—Feb. 8—Mercedes de Larrinaira. 3,043
To Riga—Feb. 8- Mercedes de Larri naira. 577..
.
15.
.
.
Wed.
1
12 Hi
to
.
.
Tues.
0 ti.
Feb. 9
.
.
M
.
..
_
are
.
.
Santanderino. 0,903...
Prices
clause, unless otherwise stated.
.
.
prices of futures
i>.
72
63
66 1
d.
L’
1
t»3
61 1
64 4 59 '
63
58 1
61
58 '
50'. 51 4 53 ’•
46 4 47C, 48 >
41 4 |2 ' , ■13 '■
4 1
42
48
41
43
42
414 42 ’- •> 48 '•
,
57
54
49
45
40
•lo
40
40
'
'
'
'
’
4
.
12
1,
;
-1
p.m. p.m. p.m.
</.
67
</.
d.
68 4 71
'62 4 63 4 66 q
61
65
62
63 4
61
.. 59
*71, 59 ' X '62
56
58
1(50 t-X
58 4 55 4 : 58
48 4 50 ' i 53 4>
,4-1
46 4 5(1
89
41 R, ;44
88 4 41
43 R.
88 1
41
43 hj
414
44
■j 8n
.
.
.
Feb. 10
FLOUR.
BREADSTUFFS.
wheat flour have ruled firm in the main and
several grades have advanced. The strength has been due
more, however, to the recent advance in wheat than to any
material improvement, in the volume of trade. In fact, the
market here has continued as dull as ever, with the buying
A better demand has been
a hand-to-mouth character.
reported at the principal-milling centres of the winter-wheat
belt, but the demand at the Northwest has been extremely
light. Export business has continued quiet, and the clear¬
ances from llie seaboard have been small.
Eye flour has
been quiet and steady.
Corn meal has been in moderate
of
demand and steady.
Wheat has been more or less irregular, but on the whole
has declined.
The evidences of liquidation have latterly
been clear enough, and this selling may be attributed in
least to favorable crop advices from the West. From
be gathered, the plant has thus far suffered no
part at
all that can
thawing and freezing over
of the winter has been in¬
sufficiently covered with snow. Then, too, although export
business has been by no means absent, it has been on the
whole less active, though within a day or two some increase
has taken place*,
and on Thursday a London dispatch
asserted that tin* Russian Government, which has recently
been buying Durum wheat, partly in this country, would
continue to make purchases in the markets of the world
for some little time to come.
On the other hand, the re¬
ceipts at the Northwest have latterly increased, prices there
have declined and the world's exports last week, if some¬
thing under those for the corresponding week last year,
-were considerably larger than in tin* previous week this year.
The world’s supply <>f wheat, it is true, has latterly shown
some slight decrease, and, standing at 15fl,N10,000 bushels,
it is, in round figure's, only 4,000,000 bushels huger than a
year ago.
Moreover, coarse grains, such as corn and oats,
have shown a steadiness which has by no means been without
serious injury, despite alternate
a large area- which
during much
its influence on’wheat.
Yet in the main the tendency has
been to take profits after the recent rather sharp advance,
and the result has been a not unnatural decline in prices.
The foreign markets have at times shown a good deal of
strength, notably Liverpool and Berlin, but latterly the
tendency towards an at least temporary recession of price's
has been quite.* as noticeable in Europe as on this side of the
water.
To-day prices declined on disappointing cables,
large Argentine shipments, increased Northwestern receipts
and general selling.
DAILY CLOSING PUICLS Ol’WHEAT
No. 2 red winter.
.
Sat.
85 •%'
.
.
May delivery in elevator.
July delivery In elevator
...86 >4
85 Ns
.
Tups.
Wed. Thurs.
Holi¬
85
85
85
day.
X
q
85 q
86 's
85 q
Fri.
83 5 ji
85 q
84
DAILY CLOSING PRICES OF WEE AT FUTURE; S IN CHICAGO.
Fri.
Tups.
Wed. Thurs.
Sat. Mon.
78 q
80 >i
79
79 q
.80 \ .j
May delivery in elevator.. .
7-s q
78 q
I f ou¬
79 q
79 q
7 9 7h
July delivery in elevator
.
.
77 H
78
78 5-r
78 J8
79 ;,K
tlay
September delivery In elevator.
.
Indian corn futures have shown more or less irregularity,
influenced on tin' one hand by realizing sales, larger sales
and a lessened demand, and on the other by firm cash mar¬
kets. a better cash demand, partly for export, bull support
In the.main the undertone of the
and covering of shorts.
market has been firm.
While the receipts have been larger,
,tlie proportion of contract grade in the Chicago arrivals has
been insignificant, and this fact has naturally deterred short
Moreover, the Argentine crop reports have in tin'
unfavorable, one report estimating the damage at
main been
To-day prices declined a fraction, owing to liqui¬
dation. weakness in wheat, expectations of larger receipts
and a falling off in the cash demand.
o0r'(
.
CORN IX NEW YORK.
DAILY CLOSING PRICES OF XO. 1* MIXED
Cash
corn.
May delivery In elevator
July delivery in elevator
DAILY
Sat.
58
■.
...
CLOSING
.
..
..
.53 '•>
..53 q
.
.
.
Mon.
58
53
Ilollday.
5k
53 5s
May delivery In elevator'
July delivery In elevator
September delivery in elevator.
_
..
..
Sat.
46 J4
.46 q.
.46q
Mon.
4 65 s
4 6 5-s
46 q
Tups.
Holiday.
58
58
53/453 q
54 q
Fri.
58
54
53
53
Wed. 77? urs.
'Tups.
PRICES OF CORN FUTURES
.
IN
q
q
CHICAGO.
Wed. Thurs.
47 q
46
46 q
46 q
46 M
47 q
46
46
q
q
46 q
in the Western market have been
irregular, with the fluctuations comparatively narrow. At.
times prices have advanced fractionally, owing to buying
by the leading bulls, strong cash quotations, covering of
shorts and an absence of selling pressure.
But, as in other
cereals, there has been more or less realizing, partly, at least,
by the bull clique. 'The receipts have increased at times, and
a large movement is expected as a result of favorable weather
conditions.
To-day prices weakened, owing to the depression
in wheat, liquidation and a lack of aggressive support.
PRICES OF OATS IX NEW YORK
Tins.
Tups.
Thurs.
Wed.
46
Holi47
46 q
47
CLOSING
to 38
lbs
48}wri()!i
48 q-50 >4
DAILY CLOSING PRICES OF XO. 2
Sat.
May delivery in elevator..
July delivery in elevator
1
September delivery lu elevator
The
following
are
f.o.b.905-g
_
“
f.o.b.58
f.o.b.53 M
No. 2 mixed
Xo. 2 yellow, new.
Xo. 2 white, new.
92 Yi
_
c.
Corn, per bush.—
c.
f.o.b.835s
“
f.o.b.87H
Oats—Mixed, per bush..49
No. 2 white
@50 La
47 q
No. 2 mixed
No. 2 white, clipped. .50
@52 U
Hard
f.o.b.54 H
Rye, per bush.—•
.
No. 2 Western
State and Jersey.
Nominal.
Nominal.
Nominal.
..
Barley—Western
Nominal.
Feeding
EXPORTS OF BREADSTUFFS, PROVISIONS, COT¬
TON AND PETROLEUM—The exports of these articles
months, for
during the month of January, and the seven
the past three years have been as follows:
U. S.
January.
7 Months.
January.
7 Months.
January
1904-05.
1905-06.
1900-07
Exports
jrom
Quantities.
62 476.50s 2.613,715 27.751,429
9.151,215! 36,714.270 27,478.570 70.258.774 16.241.901 36.660,907
20.227.500 130,016.941 37,559,391 132.735.282
Tot. bush.
Values.
Wheat A: flour
Corn & meal
399.294
590,616
1.105
1.135.116
3,623.060
14.639.034 102.769.590 26,253.558 I 11.276,896 12.4 10,131
17.092,224 104,927.344 20.542,799 1 ] 1,568.549 13.170.049
3.218,389 18.462,427 3,480.390 22.170.228 3.905,16s
69,990.636 321,514.62s 38.991.818 27s.326.41030.469.421
5.452,959 46,060.262 6.908.771 40,945,070 5.599.848
52,403.003
84.483.287
23,007,720
257,323.009
46.010.027
20,8181
Bye
BreadstuiTs
..
Cat.tle&hogs
X
Petrol’m,.Are
376.182
10.276.822
5.335,956
71,562
1,868.168
1,074.974
144.071
1.960.540
173.442
469.624
Barley
...
18.855.616 64.412.336
9.181,0321 76,422.315 9,165,025 50.527.648 3.03 1.358 27.563.905
4,788.1 lSj 20.718.925 14.073,829 38.760.288 S.415,803 20,139.211
Oats & meal
Cotton
4.073.865
5.261,681
11.076.291! 93.302,671 10.0S0.S21
Wheat a.bu.
bu
Corn
Provisions
8.494.405
1 .288 slO
8.705.115
1.105.202:
7 Months.
.
268.11 1
580,450
fi.102.SS2; 54.128.304 4.281,176 24.251.6S6
Wheat __lm.
Flour ..Dbls.
3.523.733
96.177.336 570,593,153 05.584.617 403.347.046
Tot. value 110,393.242 593,764,251
Including flour reduced to bushels.
iVote.—All of the above figures are based on
a
by the Bureau of Statistics, and cover
the monthly preliminary returns issued
• • • f•
about 9.7'o of the total exports.
The aggregate exports from the United States of wheat
and wheat-flour, expressed in bushels, for the seven months
from July 1 to Jan. 31 inclusive, have been as follows for
four years:
JULY 1 TO JANUARY 31.
WHEAT EXPORTS FROM
Wheat, bushels
Flour, reduced to
bushels.-
1903-04.
1904-05.
1906-07.
1905-06.
54.128.304
24.251.680
4.073.865
39,174.367
38,224.822
23.677.564
39.24S.753
52.SS7.429
93.302.671
62,476.508
27.751.429
92.136.1S2
The statement of the movement of breadstufis to market as
indicated below are prepared by' us from figures eolleeted by
the New York Produce Exchange.
"The receipts at Western
lake and river ports for the week ending last .Saturday
since Aug. 1 for each of the last three years, hhve been:
and
day.
AIon.
Tues.
37 q
40 H
37 3*
33
32q
4 1
Fri.
47 M
50-52 q
MIXED OATS IN CHICAGO.
50-52 q
Holiday.
closing quotations:
W i**1 ■
50 H-52 >4
Wpd.
40q
36 %
32 q
Receipts at— i
Thurs.
40 Ji
37 q
32H
Wheat.
Flour.
Fri.
40 q
37
32q-
Eye.
liar It
Oats.
Corn.
,
56 lbs. bush. 32 lbs. bush.A"
540
1.173.600
3.186,433
230
174.400
102.000
1
230
27.169
112
163.600
206.000
68.700
290,000
47.800
111.147
»>
12
49.693
1 SS.S35
tT
467.200
S3S,655i
87,
193.500
448.8001
63,600!
222,000!
bbls.]{H\lbs.1 bush. 60 lbs. bush.
151.000 j
46.000!
1 10.990.
970.31 S'
114.3221
Chicago
.Milwaukee..
j
2S.S75|
1
Duluth
1
Minneapolis.
Toledo
1
Detroit.
Peoria
Kansas
70,000!
IS.727
37 ,NS5j
207,000
7.200
456.000
|
2.000
1.263
.
Cleveland.
St. Louis
.
51.310!
29,200!
;
.
!
City.
i
Total week
227.570
2,075,120;
326.567;
2.780.6 12
2,315,970
.
Same wk. '06
Same wk. ’05
234.796;
Since \ug. li
1906-07... i
1905-06...
1904-05
_
...
..
Portland..
_.
1.04 b
107,007
4.271.5941
3.327,033:
3,838.011
1.843,640
1.722,
1,079,
160.821
1 S3.260
i
.
1
i
Flour,
Wheat,
bbls.
bush.
101.bsi
35.755
165.000
127.229
113.856
147.075
59,576
39,951
49.200
113,000
...
50.697
52,878
3.970
0.805
Philadelphia
Baltimore
.
Richmond
New Orleans.a
< lalveston
Norfolk
Montreal
Mobile
St. John
5.325
9,221
16.360
285.252
279,062
Total week
Week 1900
a
4 .000
9,000
12.0sl.5761150,318.6941109,912,345 118.426.272 46.249.U7 5.046.900
New York
..
_
2x429,262j
Total receipts of flour and grain
the week ended Feb. 9 1907 follow:
Boston
56 lbs.
59.000
26.100
1,987
6,920
5.596.870
i
i
.
ill,749.958 167.526,919 109.204,626 142,855.868 57.077,210 5.930.826
j 10,457.451! 154,770.13s 107,503.37 b 99.031.074 50.316.883 5.288.226
l
i
at flic seaboard ports for
bush.
395.600
121.663
310.500
39.910
44,400
71.564
2.000
327.081
886.168
‘
29.235
679.982
1.798,187
76.471
089,645
82.573
931.196
Receipts do not include grain
lading.
2,385,313
3.010.179
830
45.868
1.950
23.725
28,840
1,083.033
1,950
835
74.000
342.200
177,000
68,714
13.897
33,733
bush.
11.934
80.IS3
26,282
24.1 SO
Eye,
Barit y.
bush.
Oats,
Corn.
bush.
14.719
43.537
passing through New Orleans for foreign
ports
through bills of
on
.
Sid.
Mixed, 26 to 32 lbs,
White clipped, 36
2 10 @
GRAIN.
Wheat, per bush.—
X. Duluth, Xo. 1
X. Duluth, No. 2
Red winter, No. 2
Fri.
Oats for future delivery
DAILY
10
20
25
2
2 90 ® 3 75
2 70 ® 2 75
4 50 @ 5
3 65 @ 4
..
.
.
selling.
3 10 @ 3 40
3 65 @ 3 75 Rye flour
3 00 @ 4 30 Buckwheat flour.
3 80 @ 4 05 Graham flour
3 95 @ 4 10 Cornmcal
Straights
Patent, spring
Patent, winter
Kansas patents..
Total bushels
FUTURES IX NEW YORK.
Mon.
85 X
86 Ns
85 J s-
2 50 @ 2 60
3 50 @ 3 75
■_
$3 60 @33 80
Kansas straights
Kansas clears
Blended patents
$2 80 @$3 10
Low grades
Second clears
Clears
Friday, Feb. 15 1907.
Prices for
401
THE CHRONICLE.
1907.]
as
Total receipts at ports from
follows for four years: '•
2,141,751
22,921,300
8,874.145
11,284,535
3,925.642
642,771
214.325
10.726.884
Total grain..
v.’ in1
10.904,950
36,012.486
bush. 10,185.493
14,681,903
4.732,389
Barley
Rye.....
’
1904.
2.351.296
1906.
1.906,537
bhls.
Wheat
Com
Oats
1905.
1.540,803
1907.
2.152.418
Receipts of—
Flour
Jan. 1 to Feb. 9 compare
i| ■
794.707
167,191
3.175.286
285,924
3,572,686
869,800
67.013
30 561.683
61.105 530
29 572 550
24,939.41
[Vol
THE CHRONICLE.
402
The
exports from the several seaboard ports for the week
ending Feb. 9 1907 are shown in the annexed statement:
Wheat,
Corn,
Flour,
Oats,
Rye,
bush.
bush.
bbls.
bush.
bush.
New York
Portland
.
426.756
692,582
69.238
52,498
Peas,
bush.
bush.
Other
21,791
5,726
China
1,161
18,346
9.521
1,125
113,856
.
Boston
287,333
58.720
24.000
.
Philadelphia
.
Baltimore
Norfolk
New Orleans
Galveston
Mobile
117.374
80,000
134.108
214.285
647,027
68,714
515,735
227,138
28,840
12,913
38.307
3,234
_
13,512
7,857
9,221
16,360
1,950
23,725
Total week
.1,190,612 2,528,429 170,642
Same time 1906- -1.585.193 4.273,377 258,552
90.842
719,642
.
.
_
St. John, N. B..
82,573
.
—
The destination of these exports
July 1 1906 is
as
The
29.235
30.531 712,670
for the week and since
-ComSince
Week
Feb. 9.
Week
Feb. 9.
bush.
J nly l
Sincc
July 1
1906.
1906.
bush.
bus/t.
bush.
588.794 33,173.888 1,285.053 15.232,471
585.90.3 31,147.157 1,177,885 19,521,470
382,365
15,915
785
214,809
1,442,696
9.647
63.426
57,863
8,000
156.633
376,803
T.2S0
170,642 6.963.373 1.190,612 64,930,304 2,528,429 36,793,498
258,552 6,850.330 1.585,193 35.764,963 4,273.377 71,852,799
visible supply
of grain, comprising the stocks in
principal points of accumulation at lake and
Feb. 9 1907, was as follows:
•
■
;
•
•
•
granary at the
seaboard ports
New York
•*
v
.
Wheat,
Com,
Oats,
Rye,
bush.
1,546,000
bush.
523,000
bush.
bush.
303,000
5,000
346,000
921.000
317,000
292.000
675,000
20,000
24,000
3.998,000
3.253,000
853,000
122,000
354,000
Barley.
bush.
50,000
afloat."
Boston
...
Philadelphia
Baltimore
New Orleans
Galveston
Montreal
Toronto
Buffalo
afloat
Toledo
afloat.
Detroit
afloat
Chicago
afloat.
Milwaukee
afloat
Fort William
Port Arthur
afloat
Duluth
afloat
.
1,398,000
622.000
271,000
30.000
2.000
11,000
5(5.000
191.000
126,000
132.000.
1,000
49,000
488.000
145,000
20,000
786,000
358,000
410,000
319,000
2,88,000
44,000
22,000
-10,109.000
1,180,000
1,140,000
528.000
232,000
560,000
231.000
716,000
2.000
383,000
765.000
163.000
198,000
5.816,000
2,980,000
618.000
703,000
3,886,000
66.000
37,000
545,000
14,000
3.758.000
217.000
308,000
486,000
550.000
281,000
90,000
1,058,000
39.000
-44.567.000
.44,852.000
-47,790.000
-38.098.000
.38,218.000
Feb. 14 1903- -48,970.000
8.169,000
7,314,000
15.327.000
10,504.000
7,764,000
10.490,000
.
••
-
102,000
"
•*
.1
*•
-
“
-
-
“
.
-
2,145,000
2.134,000
490,000
3,486.000
••
...
Minneapolis
.
St. Louis
•*
-
382.000
afloat
-
Kansas City
Peoria.
-
..
Indianapolis
On Mississippi River.
On Lakes
On Canal and River
.
Total
Total
Total
Total
Total
Total
14,000
_
.
Feb. 9 1907.
Feb. 2 1907.
Fob. 10 1906.
Feb. 11 1905.
Feb. 13 1904.
11,511,000.
11.848,000
26.327,000
17,863.000
8,758,000
5,143.000
THE DRY GOODS
9,623,000
1.709.000
2.389,000
1.814.000
1.119,000
964.000
India
Arabia, s.
Africa
West Indies
Mexico
Central America
South America
Other countries
Week.
13
17
2,856
7,927
423
,—
1960
8!)
5
322
5
156
513
436
1,522
3,047
2,207
5,584
7,947
25
141
527
43
173
521
45
1,950
32,202
1,594
.
249
Sine?
Since
Jan. l
89
238
18,375
3,513
4.305
1,368
3,16i
229
2,090
8,441
1.778
2,617,000
2,642.000
4,828,000
5,378.000
4,614.000
2,038,000
43,587
The value of these New York exports
since Jan. 1 has been
$1,968,357 in 1907, against $2,335,702 in 1906
Bleached goods in 4he primary and secondary markets
are commanding full asking prices, and cutters-up are in
many instances offering premiums for tickets they desire.
Brown sheetings under 5.50 yards continue very active, some
goods showing a further advance of
Orders for forward
delivery on brown standard sheetings have been placed at
7b±c., while on brown standard drills business is being
negotiated at 7^c. and higher. Drills and all grades of
cotton duck and shirtings have sold in larger volume this
week than for some time past.
Tickings and denims have
also been taken freely, top prices being secured for near-by
delivery. Linings, both for spot and future delivery, are
firmly held, and in steady demand, especially mercerized
fabrics.
Actual business for export account has been dis¬
appointingly small, although numerous inquiries have been
received, especially for 4-yard sheetings. The Chinese
holidays doubtless curtailed business somewhat, but buyers
for China account seem to consider present prices too high.
South American demand improved slightly, but the island
trade has been quiet.
WOOLEN
107,000
10,000
379.000
1,450.000
758,000
'
-
Total
35,609
12,758
52,187
-Wheat-
"European
1907-Since
Jan. 1.
346
81
436
—
below:
—Flour—
Since
Week.
July I
1906.
Exports for week and Feb. 9.
sinep. July 1 to —
bbls.
bbls.
United Kingdom
62,637 3.797,946
Continent
53,558 1.568,790
So. and Cent. Amor. 11,227
450.713
West Indies
38,966
941,620
Brit. No. Arner. Cols
460
58,196
Other Countries
3,804
140,108
Total
Total 1905-06
891
12,669
—
ATew York to Ft b. 9.
Great Britain
Barley,
'
Exports Jrom—
Week.
96
Lxxxiy.
GOODS.—Both men’s
wear
lines and dress
goods are now open for the fall and initial business is about
up to the average of recent years; the yardage this season,
however, appears to be shifting from worsteds to fancy
woolens.
The latter have been sold more freely and in
larger volume than for a number of years past, and prices
are
tending upwards. Mercerized worsteds and manipu¬
lated fabrics are in demand, especially among Western
buyers. Regular overcoatings are well under order, and
business for the fall of 1907 is about up to the average.
Many lines of medium grade suitings are sold up for fall.
FOREIGN DRY GOODS.—The scarcity of dress linens
has increased the demand for silk piece goods for spring;
stocks of the latter are unusually light and prices show ad¬
vances on popular lines.
Linens continue strong with occa¬
sional slight advances on the better grades of domestic
goods; stocks are still short. Burlaps are in very limited
supply and firm, light-weights being practically sold up.
Conditions in imported woolens and worsteds remain about r
unchanged, although the cold weather has imparted a better
tone to this department.
Importations and Warehouse Withdrawals of Dry Goods.
TRADE.
New
York, Friday Night, Feb. 15 1907.
increased activity in prac¬
tically all divisions of the dry goods market. The buyers’
excursions which started on Monday brought many buyers
to this market in search of spring goods, and, in spite of the
high prices demanded, they placed liberal orders and re¬
quested prompt shipments on all purchases. Staple cottons
as well as all grades of fancy fabrics are in a sold-up condition
or spot and near-by delivery that has seldom been seen in
ecent years, and the question of deliveries, therefore, rather
hail price, has been uppermost with merchants as well as
uyers.
Many standard domestics are at value, but this
as not curtailed fresh business.
The full strength of the
uying movement is being felt both in the primary and
econdary markets. Jobbers have had a very active and
atisfactory week, and are receiving more liberal shipments
rom mills since goods ordered for spring delivery are now
ailing due. Special offerings have- been readily taken.
Buyers as a rule have taken medium and high-priced goods
in preference to cheaper grades.
In the print-cloth market
28-inch standards are moving more freely at 4}£c., buyers
apparently appreciating more fully the strength of the pri¬
mary market; wide goods have also sold well on the basis
of C?4e. for standards for forward delivery, while* narrow
print cloths for spot delivery are well sold up. Algonquin
staple prints have been advanced }±c. and American prints
placed at value; all discounts in excess of the regular trade
discount of •r>% to jobbers have been cut off.
Dress goods
and silks for spring are selling in unusually large volume,
and a fair business is being done in men’s wear lines for fall.
Export trade is very quiet.
The past week has been one of
u
4*
X
j
ii
-
i
y.
i
i—.
►—
_ **
T.
!
Vi ; '1*00 I-
X
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- M
tj
;
ii -]
—
y-
x
—
w
Ic
_
:
!
f-
rj
i: i's ii
I
7
:
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M
;
-
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i,i _
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.
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cf-y>
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to 'I
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oc i>a w Ji M
a -~i
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n
T-
\
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u
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^
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ti 3
"-J
>
x x t- a
30 M O h
x
K
x
„
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m x
»—
X
>—
—
li
l J
to
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i
4.
U
~
I
to
14
10
I
i’
X
I
tO —
Oi —
3 to
3 Ci "o —
^5
o c; to
C y 1: C.i 3
to
x
X
x
r-
z.
X
DOMESTIC COTTON GOODS.—The exports of cotton
goods from this port for the week ending Feb. 9 were 1,956
packages, valued at 8141,225, their destination being to tin*
points specified in ihe tables below:
7; i
>-* *■*
7- Vi I
IO
^t
j X 4-
r
^.1
to
,
3
-1
-I
■-<
x
x
io
4*
~
to -l
X to
3 4-
-i
3
X
to
-t 4.
y. to
■A
2143183057762..CABldeahuislmarnmt,nwdrcosp,eoigve
287. c
1491292..-WVWairnsglbeotcwa,
Page
MUNICIPAL BOND SALES IN JANUARY.
present herewith our detailed list of the municipal
during the month of January, which the
crowded condition of our columns prevented our publishing
at the usual time.
The review of the month’s sales was given on page 350 of
the “Chronicle” of Feb. 9.
Since then several belated Janu¬
We
12231127355877948946.-._-.MLNR0HeaeaoogFdtpPHdrnouimshlntpclnuekr,lysw,,
returns have beep received, changing the total for the
month to $9,783,529.
The number of municipalities issuing
bonds was 139 and the number of separate issues 180.
In
the case of each loan reference is made to the page of the
“Chronicle” where an account of the sale is given.
Rate.
Name.
Pane.
.
.
_
5
1917-1921
4
1937
1925
1925
4
4
3 3$
4
4 3$
4 3$
4
3 %
43$
N. Y
Mass. (6 is.)
232.. Buffalo, N. Y
Ore
N. ,T
350. .Cameron S. IL, West Va
S. D., Idaho
County, Ohio
233. .Charleston, W. Va. (3 is.)
Va
San. Dist., Ill
233-.Cleburn County, Ala
Sen. Dist. Pa....
Ohio
233. .Colorado Springs, Colo.
172
Colquitt, Ga
288-.Cordele, Ga. (2 is.)_
Sell. Dist., Wis
Sch. Dist., Tex.
Seh. Dist., Iowa.
173.. Delaware County, Ohio
4
3 3$
4
5
4
5
5
350.-Denton County, Tex
4
.
._
.
County
No. 110
Sch.
4
4
4 K>
4
1917
1937
1911-1917
...
1907-1916
1930-1938
1908-1922
//1916-1946
dl911-1916
1907-1916
dl911-1946
1957
1918-1929
1908-1917
1907-1936
4
5
6
5
6
4
5
1916
1912-1922
1927
1908-1911
1927
<71923
1922-1925
1908-1912
1912-1925
1908-1011
1927
__
County, Ind
118-.Lakewood, Ohio
1917
._
1908-1917
1907 1910
5
5
Ohio
Ivy. (2 1s.)
Sell. Dist., Ohio.;
6
4 >$
6
5
Countv, Tex
Sch. Dist., N. J
4
County, Ohio..
Va
351 ..Linn Co. S. D. No. 42, Kan
County, N. Dak
233. .McKeesport, Pa.
(2 is.)
Kan
62..Mamaroueek, N. Y
Sell. Dist. No 4, Va..
Ohio
Wells, Tex. (2 is.)...
4 3$
4
5
4
5
4
5
3/-$
Mississippi
4
Wls.
4
4
Vt
Vt
1918-1927
dl911-1916
1912-1956
1907-1912
5
5
4
Wis
(H912-1017
174_. Moore’s Mill Sell. Dist., N Y. 5
351
Mt. Pleasant, Mich
4
Vernon Sell. D
Ohio. 4
6
174_.Muscatine, Iowa
174_.Natick, Mass
County, Wyo
-. 4 3$
289_.New Madrid Countv, Mo
6
York City
1.
3
352. .New York City (3 is.)
3
5
Ill
175 i Noxubee County, Miss
4’$
fll
5
119.-Orange, N J
4
280.. 1’acHlr Co. S. D. No. 5. Wash. 4 3$
119 ..Pasadena, Cal. (2 Is.)
4
175.. Paxton. 111..
5
352. .Perry and Castile S. D. No. 6,
_
,
1927
1912-1937
dl917 1937
1912-1936
dl911-1926
1907-1916
1908-1927
<71916-1 946
85,000
1 ,000
5,000
1 ,400
20,000
_.
.
4)4
Ind. Ter._ 6
4
•
4
,
236,-Reading, Pa
Cal
County, N. Y
175-.Rensselaer County, N. Y
Mo. (2 Is.)
dl917-1927
1908-1027
1007
1056
1008-1011
1 927
1008-1912
1037
dl90S 1017
1007-1946
1008-1016
175. _St. Joseph County.
175, .St. Joseph County,
175_ .St. Paul. Minn
Ind
Ind
236--Salina. Kansas Si is.)
290- Saline Levee & Dr. Dist., La.
175. San .To*e S. D.. Cal. (2 !s.)___
175 .San Patricio County, Tex
basis
not
100
100
100
100
100.071
100
100.416
100
100.25
:Cl<)0
4
5
<71011 -.1026
.
,
.
101.815
27,300
100,000
400,000
2.000
40.000
.
_
..
100,000
26,000
8,0000
10,000
200,000
165,000
160,000
22,000
130,000
85.000
list)
-
-.
following additional sales for
.
..
Maturity.
1908-1913
1927
1907-1916
1937
1907-1926
1907-1926
1937
1922-1931
dl 926-1936
Page.
100
$1,605
103
2,500
100.208
6,000
20,000 gl00
100.768
20,000
100
7,000
100
25,000
100
80,000
100.0003.90% basis
Amount.
10,000
20,000
26.000
20,000
8,000
15,000
dl921-1936
1907-1946
1926
1908-1927
dl 921-1 926
dl916-1926
dl 922-1937
1930
500
6,000
20,000
130,000
100
100
100
107.039
100
*
100
100.508
100
for December-
the total sales
$21,160,174.
Passed Over
by a vote of 57
the ordinances
granting
franchises to 1 the
present street railway
companies of Chicago. The ordinances, to be effective;
must also be ratified by referendum vote at tlie city election
in April.
Compare V. $4, p . 338.
Chillicothe, Mo.—Bonds Invalid.—The Supreme Court has
declared invalid the $100,000 4% coupon water-works and
electric-light bonds awarded last April to O. L. Smith.
New bonds have been voted and are now being offered.
Ithaca, N. Y.—Appraisal of Water Plant.—The Rochester
“Herald” of Dec. 29 1906 contained the following regarding
the report on the value of the property of the Ithaca Water
Works Co., made by the commissioners appointed by the
Court a£ the time the plant was acquired by the city:
Ill.—Trolley Franchise Ordinance
Ithaca, Dec. 28.—The
60,000j
.
$150,000
including temporary loans) for that month
Chicago,
100
1 (10.73
192.86
100
108.022
190.55
109.125
102
101.171
,000
95.07
Veto.—The Chicago City Council on Feb. 11,
to 12, passed over the veto of Mayor Dunne
100.074
20,000
Price•
99.50
News Items.
7.500
48.000
210.000'
not in¬
invest¬
PREVIOUS MONTHS.
All the above sales (except as indicated) are
These additional December issues will make
4 ><%
50,000
25,000
.
.
1912-1936
8 I
$275,(100
13,300
315,825
_
.
•J 1016-10 26
1007-1026
1026
5
3 f$
4
5
.
750,000 3:100
50,000
102.40
$604,125
...
180 mil)
50,000
7,800
29.500
A mount.
4
B. C
Name.
Rale.
5
232. .Amelia, Ohio..
6
287
Bay Spring, Miss
5
232. .Blue Springs. D.. Mo
3t$
172. .Camden, N.J
4
172. .Carbondale, Pa
5
173, Gilliam S. D., Mo. (June)
173. -Greenlleld S. I)., la. (Aug.).. 4
-Greenwood
233.
County, S. C. (3 Is.)5 }■;
4
173. Itlmea, N. Y
174. -Loganvllle, Ga. (November). 5
174. .Malden, Mass. (3 Is.) (var.)._ 4
6
174. .Marianna, Ark. (June)
5
235. .Pacific Grove, Cal
6
290. Schrocdcr, Minn
4 K
236. .Spring Lake, Mich. (June)
175. .Titus County Sch. Dist., Tex. 5
4
176. Warrensburg S. D., Mo
4
176. .Wavncsboro S. D.. Pa
4
29 r. .Uniontown, Pa. (2 Is.)
109.31
100
100.519
101.35
451 ,000
! ,600
20,000
106.55
101.625
106.25
100.76
100.577
previous months.
102.165
100.588
100.277
100
100
100
1008-1027
1008-1035
1008-1027
1027
1900-1026
1017-1025
1937
1008-1017
1056
5
4
4
5
3 3$
_
We have also learned of the
100
106.795
101.209
100
68,513
8,500
40,000
100
MUNICIPALITIES.
Maturity.
1937
1927
Rate.
4
5
174 -Loganvllle, Ga. (Oct. list)
174
McAlcster, Ind. Ter. (Oct. list) 1
175 -Shawnee, Okla. (December list)
236 .St. Joseph Countv, Ind. (October list)
237 .Turlock High Sch. Dist., Cal. (September
291 ..Uniontown, Pa. (October list)
292_. White Plains. N. Y. (December list)
8,500
5 1.000
7,000
200,000
29,700
,
CANADIAN
13Y
.
50,000
100
102.041
100.916
100
municipali¬
232_.Asbury Park, N. J. (December list)
403.-Chllllcothe, Mo. (April list)
233. .Greece Sell. Dist. No. 4, N. Y. (October list)
351
Lima Sch. Dist., N. Y. (December list)
100.173
!
101
101.66
100.505
fc$9,783,529
REVISED TOTALS FOR
100.167
103.257
102.953
105.021
104.88
9,992
1907-1926
SOLD
Page
110,000
9.000
60,000
20,000
1 .155
20,000
101.10
100
101.80
101.152
101.152
100
103.988
The following items included in o ur totals for previous
months should be eliminated from the same, as the sales
have not been carried to completion.
We give the page
number of the issue of our paper in which the reason for the
failure to consummate the sale may be found.
Amount.
Page.
Name of M unlclpality.
101.155
103.29
58,000
2,000
5,000
59,598
31 ,329
3,385
9,500
35,000
1 ,650
45,000
15,000
6,000
10,000
50,000
1908-1912
1908-1912
1908-1912
1908-1912
Total
709
}
1012
119
Neepawa
354. .Vancouver.
70.000)
45 000
1008-1012
1908-1027
1909-1922
BONDS
Page
Name.
119,.Montreal Sch. Dist., Que
100
20,000/
1 11.32
porary loans reported, and which do not belong in the list: also does
clude $604,125 of Canadian loans,
x Taken by sinking fund as an
ment.
y And other considerations.
.
101.225
1927
.
102.48
d Subject to call In and after the earlier
year and mature in the later year,
fc Not Including $22,179,500 of tem¬
100
102.941
100
5
5
5
5
l
Ohio
100
Average date of maturity,
a
100.079
55,000
22,000
20.000
12,500
60,000
6,000
1 ,000
14,000
21 ,068
4,000
10.000
4 ,000
50,000
50,000
3,000 i
1 ,560)
1 .400 |
3,030 J
922
ties, covering 180 separate Issues)
100
100.03
104.19
104.016
20,000
500
990
5
6
.
100
100
102.50
101.34
100
400
6,000
1907-1916
<21921 -1946
1926
1910-1927
1909
/
5
5
5
Total bond sales for January 1907 (139
100
6,800
47,500
! 2, 1917 At
5
is.)
10,000
1908-1912
1912-1936
1907-1910
5
5
5
177-_Youngstown, Ohio
177.. Youngstown, Ohio
177.
Youngstown, Ohio
107.142
100
100
800
1037
dl917-1927
1/1926-1940
1908-1909
6
Iowa
103.53
100.10
4,500
100
40,000
12,500
100.50
I
1,000
100.50
( 4.000
115,000 1/100
1909-1928
6
5
5
5
..
177. .Youngstown,
_
700
Or
292.-Yonkers, N. Y
100
102.502
100.10
100.771
50,000
56,000
6,000
10,000
15,000
63,000
1912-1926
1907-1936
6
_
101.137
102.956
35,000
20,000
8,800
250,000
140,000
500,000
25,000
4,000
3,500
11,500
6,000
45,000
22,500
12,500
100,000
102,000
(25.000
\ 22,000
1937
1936
1917
4
St. Paul, Minn
298,100
1 ,500
919,150 3:100
100.61
300,000
100.625
4,000
1911
1907-1916
Sell. D., Kan. 43$
N. Y
352.. Porter Seh. Dist.,
235- .Racine. Wis
235.. Reading, Ohio
20,000
1917
...
177. .Wichita, Kansas (2
177. Wolf City, Tex
237. Wrights vi lie, Ga
354.. Yatesx 1 lie. Ga
100.20
105.388
100
100
106.038
70,000
5
6
412.-Waynesboro, Ga. (3 is.)
N. Y._
292 .West Ridgeway, Ohio
3,600
6,500
10,000 y100.26
109
24,500
100
25,000
40,000
40,000
t/1916-1920
a 1926
1926
5
County, Minn.;
101.50
102.097
102.092
110,000
6
5
..
$40,000
5,000 1/103.54
Dist.
4
4
5
5
4
N. J
121 _.Stromsburg, Neb.
Note!;, Pa
175. .Tallhima S. D., Inti. Ter
175. Todd County, Minn
291 ..Trenton, N. J
291 _.Trenton, N. J
N. J
21 ,000
40,000
270.000
187.000
7 ,0(10
9,000
8,500
5,000
50,000
300,000
100,000
63,000
25 .500
70,000
1908-1947
176.. Washington Heights S.D.,Tex.
176
\\ ash’crfn Twp. S. I)., Ohio .
Price.
Amou u't.
200,000
1910-1927
dl917-1927
1907-1911
dl927-1941
dl 917-1947
1909-1926
5
4
Wls
6
Jefferson County, N. Y
4
173--Jefferson County, N. Y
4
County, Ga. (2 ls.)__ 5
351 ..Jewell, Kan
351__KIron, Iowa
6
1908-1917
1907-1926
233-. Ithaca. N. Y
_
1922/27&’37
Ay.
5
5
3k
5
4
4
Wash..
174.. Montpelier,
1908-1912
1908-1936
1908-1927
(/1917-1927
1927
1908-1947
..
Countv, Mass
61. .Fall River, Mass
River Sch. Dist., Mo
.Scott, Kan
Mass
City, N. J. (2 ls.)_
233.. Gray Sch. Dist. No. 53, Idaho
County, Iowa
288. .Greenville, Miss
351 ..Hart, Mich
173.. Hastings, Minn..
233.. Idaho Co. S. D. No. 79. Idaho
119.
1927
5
237.. Waterloo,
13.500
500,000
..
291 ...Stockton, Cal..
Reach, Va
SALES.
Maturity.
4
176__ITnlontown Sell. Dist., Pa
liuren, Ark
ary
287..Ada, Ind. Ter
Minn
County, Miss
116. .Allegheny County, Fa._
Ohio
Ohio
Amite County, Miss
Ind
287 .Anderson Twp. Seh. D., Ind.
287. Ardsley, N. Y
116-.Ashtabula Sell. Dist., Ohio..
350.-Asotin Co. S. D. No. 7, Wash-116 .Ballard S. D. No. 50, Wash..
172.. Berkeley, Cal. (4 is.)...
4
6
4
4
4
High Sell. Dist., Cal. 5
County, (la. (3 Is.)
5
County, Miss
6
bond issues put out
JANUARY- gBOND
(2 is.).. 4
353.-Springfield. Mass
$165,000
1937
1907-1912
(11912-1927
1910-1936
5
Pric 6
Amount.
Maturity.
Rate.
Name.
175. .Shawnee, Okla. (2 is.)
121 .Shelby County, Ohio
175.. South Omaha, Neb.
City Dswimirr.
gW£ md
14212130878776233..._DEGJFLCoraaylaurdneedtkpgtcxsnol,vpsivl,iUe
8nctr,
232359614..-5UTurogeicanlktrctoorkn,,
403
THE CHRONICLE
1907.|
Feb. l«
.
90
100.593
101.50
105.903
decision of the commissioners
**605,000, consequently the cost
appointed by the
Works Co., following
known to-day. The
weeks ago.
Item Is summarized,
bad ottered to sell at
will have to be borne be the city, which
Court to appraise the property of the Ithaca Water
the condemnation of the plant by the city, was made
testimony In the case was completed about two
The findings of the commission are lengthy and each
the total award being $6.48,000.
The company
404
THE CHRONICLE.
[Yol.
lxxxiv.
will
be about SOO.OOO^Tor both sides.
The cost of the commission of
$10,000 and the city’s expert witnesses will also have
to be paid by the
fees
city.
The
of the witnesses will amount to
$13,000 more.
The trial
of the case has been in
progress for two years.
The commission was composed of three of
the best equipped men of
professional and business experience of any In this
part of the State.
Supreme Court Justice-elect Henry B. Coman of
Morrlsvllie was at its
head and his companions on the commission
were Theodore H. Wickwire,
of the large
manufacturing firm of Wickwire Bros., of
Phelps of Binghamton, one of Broome County’s most Cortland, and W. G.
prominent bankers.
<■
The decision is the chief
topic of conversation in the city
The
supporters of the city’s side claim the amount is too much to to-day.
bear,
as at the
figure the income of the water board will not meet the
Interest which will
''have to be met on a bond issue, and amounts will
have to be appropriated
yearly to meet the deficiency, while the matter of
making payments on
the principal will be out of the
question unless the city has a tax rate
which would be more than the income for
the rental of real estate.
Tiie supporters of the water
company are satisfied with the outcome,
claiming the amount will be none too much and that the
stockholders will
receive nothing when the bonded and
floating indebtedness of the system
is met.
The plant was sold several
years ago to William T. Morris of
Perm Van for $350,000 and at the
time the city acquired it the
company
controlled by Mr. Morris offered to take
$605,000.
The city’s offer for the
plant was $150,000.
The water board since the
acquirement of the property by the city has
expended about $150,000 In sinking artesian wells
and making otiier im¬
provements in the system.
When the matter is finally closed with all of
"the expense of the trial, the
city will have expended nearly SI,000,000
for its water plant.
Whether or not the city will
accept the decision or
make an appeal will not be known
until after the meeting of the water
board
next
Monday evening.
Louisville, Ky.— Water Company Bonds Ojjcred.—Atten¬
tion is called to the official
advertisement elsewhere offering
for sale at 12 m. March 6 SI
,004),000 4% gold coupon mort¬
gage bonds of the Louisville Water
Company—a private
corporation but all the stock of which (§1,275,000) is owned
by the Commissioners of the Sinking Fund of the
City of
Louisville.
Proposals to be made on blanks furnished by
the Commissioners of t lie
Sinking Fund and must be addressed
to them.
Securities are in denomination of
$1,000, dated
July 2 1000. Interest semi-annually at the First National
Bank in New York City.
Maturity July 2 1040.
Bonds
are
exempt from municipal taxation. A certified check on a
national or State bank in Louisville for
2% of the bonds bid
for, payable to the Commissioners of the Sinking
Fund, is
required with bids, which must be made on blanks
prepared by
the Commissioners. These bonds are
not an obligation of the
city. To secure the same the Board of Water Works exe¬
cuted
a
mortgage
(haul of trust
or
Trust Co. of
to
the
-
terms of
compromise
follows:
are
The eity agrees to pay interest from
and after Oct. 1 1005 to the
the bonds, at tin* reduced rate
maturity
of -i% instead of
0% per annum.
The
ondholders’ Committee has agreed to
accept a lump sum of S2S,00n in
full settlement of all claims for
overdue and unpaid coupons,
judgments,
&e., said $28,ooo to lie paid in fourteen annual
installments of $2,000 each,
of which the first installment is
payable on or before Dee. 61 1007 and the
other installments due on or before
Dee. 61 of each of the years
thereafter.
As a guaranty for the
proper fulfillment of the terms of this
settlement
contract, th * eity has confessed
on all over-due claims on account
judgment
of tiie coupons from these
bonds, and has authorized the confession of
judg¬
ment on any of the
coupons not yet matured which are not
paid promptly
at reduced rate in
accordance with tiie terms of
contract,
and
tiie
Bond¬
holders* Committee lias agreed to
stay execution of such judgment as
as tlie eity
long
complies with the terms of the contract.
All of tiie terms of this settlement
have been embodied in an
ordinance
of the eity of
Middlesborough and in a mandatory order of the
Circuit
Court of the Cubed States for the
Eastern District of Kentucky, and it is
now
anticipated that the eity of Middlesborough will be able
to
meet
amounts due under tiie terms
of the contract
promptly as they mature.,
Tiie Bondholders' Committee
considers that in all the circumstances the
terms of this settlement are
very
As to the tinancial statement of satisfactory.
the city of Middlesborough. the
assessed
valuation of property within the
eity limits for tile year 1905 was as follows:
Heal property
Improvements
Personal
__
.
_
...
on same
__
property
_
.$160.65)4
254.047
168,728
170,778
.
....
Franchises, railroads.
Are
.
.
.
.
.
..
Tiie records showing tiie
city’s outstanding indebtedness
$765,447
unsatisfactory condition, it seeming probable that some ofare in a very
the records
have been lost or destroyed,
intentionally or otherwise.
In addition to the
$130,000 improvement bonds dated
April
1
185)1,
above
referred*to, and
tiie $28,000 to tie paid, as above
stated, on account of unpaid
coupons from
said bonds, all of which have been
adjudged a valid and binding indebted¬
ness of the city by the
Cnited States Circuit Court, the
city
appears
to have
outstanding somew here between $60,000 and
$50,000 of so-called refunding
bonds, Issued to fund warrants. It is understood
that some question as
to tiie
validity of these refunding bonds, or the warrants
they were issued
to refund, or both, lias
been raised.
Tiie eity probably lias
outstanding
also some unfunded warrants.
Tiie representative of the Bondholders’
Committee estimates, however, that
probably $50,000 wdll cover all of tiie
refunding bonds and such warrants, floating
indebtedness, &r., outstand¬
ing.
If all of such refunding bonds,
warrants, dec., and floating indebted¬
ness are valid, tiie
city’s total indebtedness at present,
therefore, would
be about $228,000.
New York City.— Real Estate
Values.—The Department
of Taxes and Assessment on
Jan. 31 announced the real estate
values of New York
City for 1907. The figures'as given out
$3,851,101,031
Totals
These valuations
main open
Increase.
1,089,511,420
206,577,520
51,081,161
1,007,805,022
151,630,705
44,845,830
$227,004,970
30,611,028
81.706,398
54,946,815
6,235.331
...$5,800,632,132
$5,400,127,590
$400,504,542
375,356,030
Brooklyn
are
344,745,002
subject to change
until April 1 for inspection.
as
the books
re¬
Bond Calls and Redemptions.
Butler
County (Mo.) School District No. 4.—Bond Call.—
Feb. 1 at the County Treasurer’s
office in Poplar Bluff of a $500
8% bond (No. 1) dated
July 1 1898.
Chariton Township, Howard
County, Mo.—Bond Call.—
The County Treasurer called for
payment Feb. 1 Chariton
Township 4% bonds Nos. 16 to 20 inclusive. Denomina¬
Call
was
made for payment
tion $1 ,000.
Denver, Colo.—Bond Call.—W. J. Fine, City
Treasurer,
following bonds for payment Jan. 31:
called the
STORM SEWER BONDS.
Capitol Hill Storm Sewer Dis.t. Xo. 1,-Bonds Nos. 391 to 399
inclusive.
Sub. Dist. 9 of the Capitol Hill Storm
Sewer Dist. Xo. 1, Bonds Nos. 13
to 15
inclusive.
Sub. Dist. 16 of tiie Capitol Hill Storm
Sewer Dist. Xo. 1, Bond Xo. 7.
Sub. Dist. 20 of the Capitol Hill Storm
Sewer Dist. No. 1, Bonds Nos.
23 to 30 inclusive.
.Sul). Dist. 21 of the Capitol Hill Storm Sewer Dist.
No. 1. Bond No. 13.
Sul). Dist. 23 of tiie Capitol Hill Storm
Siwver Dist. No. 1, Bond No. 8.
Sub. Dist. 24 of the Capitol Hill Storm
Sewer Dist. Xro. 1, Bond No. 15.
Thirteenth St. Storm Sewer, Bonds Nos. 1 to 3
inclusive.
SANITARY SEWERS BONDS.
Highlands Sanitary Sewer Dist. No. 6, Bond Xo. 5.
Highlands Special Sanitary Sewer Dist. Xo. 7, Bonds
Nos.
clusive.
1
to 15
In¬
North Denver Sanitary Sewer Dist. No.
5. Bonds Nos. 11 to 13 inclusive.
South Capitol Hill Special
Sanitary Sewer Dist., Bonds Nos. 1 to 4 in¬
clusive.
South Side Sanitary Sewer Dist No.
3, Bond No. 12.
West Collax Ave. Special
Sanitary Sewer Dist., Bonds Nos. 11 to 19 in¬
clusive.
SIDEWALK BONDS.
Capitol Hill Sidewalk Dist. No. 1. Bond No. 18.
East Capitol Hill Sidewalk Dist. No.
1, bond No.
7.
Sidewalk Dist. No. 5. Bonds Nos. lit to 21 inclusive.
Sidewalk Dist. No. 10, Bonds Xos. 37 and 38.
IMPROVEMENT BONDS.
Capitol Hill Improvement Dist. No. 1. Bonds Xros. 107 to 109
Capitol Hill Improvement Dist. No. 2, Bonds Nos. 70 to 72 inclusive.
Capitol Hill Improvement Dist., No. 3, Bonds Nos, 68 to 70 inclusive.
Capitol Hill improvement Dist. No. 4. Bonds Nos. 59 to 62 Inclusive.
inclusive.
East Capitol Hill Improvement Dist. No.
1, Bond No. 42.
East Denver Improvement Dist. No-.
1, Bonds Xos. 55 to 66 inclusive.
Eighteenth Ave. improvement Dist. No. I, Bonds Xos. 36 to
42 inclusive.
Grant Ave. Improvement-1)ist. Xo. 1, Bonds
Nos. 39 to 41 inclusive.
Highlands Improvement Dist. Xo. 1, Bonds Xos. 19 and
20.
Mount View Improvement Dist.
Xo. 1. Bonds Xos. 19 and 20.
Ogden St. Improvement Dist. No. 1. Bonds Xos. 7 and
8.
of
substantially
January esti¬
1906.
...$4,078,106,001
Queens
Richmond
ing the proceeds of this sale, the water
company will have no
indebtedness except the abovo-menlioncd bonds and an
issue
of $500,000 bonds
maturing Aug. 1 1910. The
$7,077,445. Cross
94; operating expenses,
§191.100 05;’betterments, $78,086
55; leaving $287,551 34
as net earnings in
1900, as against $182,258 11 in 1905.
Middlesborough, Bell County, Ky.—Bond
Effected. — We are advised that the Bondholders’ Compromise
Committee
organized by X. W. Harris Ac Co. of Chicago and
representing
the holders of all the $150,000
0% improvement bonds of
he city of
Middlesborough, dated April l 1891 and flue
pril 1 1921, has concluded the settlement contract with the
city, mention of which was made in V. 83, p. 1132. We are
nformed that
1907.
Thd Bronx
tin1 Columbia Finance, tfe
value
the
January Estimate.
Boroughs—
Manhattan
Louisville, dated July 2 1900, pledging all of
its real estate‘Together with and
ineluding all the property’,
machinery, reservoirs, filter plant, etc., &c..” After
apply¬
the property of the
company is placed at
earnings in 1900 were $550,747
below, comparison being made with
are as
mate for 1906:
PAVING
BONDS.
Alley Paving Dist. Xo. 3, Bonds Xos. 14 and 15.
Alley Paving Dist. Xo. 4, Bonds Xos. 1 to 9 inclusive.
Colfax Ave. Paving Dist. Xo. 3. Bonds
NTos. 1 to 3 inclusive.'
Lower 16th St. Paving Dist. No. 1, Bond Xo.
22.
Twentieth Ave. Paving Dist. Xo. 1, Bonds Xos.
11 and 12.
Water St. and West 23rd Ave.
Paving Dist. Xo. 1, Bond Xo.
Welton St. Paving Dist. Xo. I, Bonds Xos. 1 to 19
inclusive.
36.
SCRFAC i X G B O X DS.
Surfacing Dist. Xo. 1, Bond Xo. 25.
Surfacing Dist. Xo.
Surfacing Dist. Xo.
2, Bonds Nos. 31 and 32.
3, Bonds Xos. 21 and 22.
VIADUCT
14th St.
Viaduct. Bonds Xos. 732
BONDS.
to 744
inclusive.
WATER BONDS.
North Denver Water
Bonds, dated June 1 1896, total
Bonds Nos. 1 to 1 1 inclusive.
issue,
$7,000
Des Moines, Polk
County, Iowa.—Bonds Redeemed.—On
Jan., 14 the City Treasurer redeemed
$5,000 bonds issued
in 1895'and due in 1915.
El Paso County (P. O. El
Paso), Tex.—Bonds Redeemed.—
This county has redeemed 81,000
funding and $1,000 court¬
house and jail bonds.
Those securities were held
by the
State School Fund.
,
Geary County (?. O. Junction City), Kan.—Bonds Re¬
deemed-.—Pursuant to Chapter 3S2 of the Session
Laws,this
county recently redeemed an issue of $14,000 railroad re¬
funding bonds issued July l 1901 and numbered 11 to 24
inclusive.' The bonds were held
by the State School Fund.
Hamilton County (P. O.
Cincinnati), Ohio.—Bond Call.—
Call
was
made for payment Jan. 27 of $60,000
Mitchell Avenue
improvement bonds issued Jan. 27 1897.
Lincoln County (P. O. Troy), Mo.—Bond
Call.—Call was
made for payment Feb. 1 at the
National Bank of Commerce
in New York
City for a $1,000 funding bond.
Maine.—Bonds Redeemed.—The State has redeemed since
year $557,000 bonds as follows:
July of last
Date Redeemed.
Amount.
July
July
July
July
$35,000
35,000
10,000
15,000
12
12
13
13
1906
1906
1906
1900
July 13 1906
July 13 1900
J ill V 13 1906
July 30 1906
Oet.
2 1906
Dee. 3 1906
Dec. 3 1906.
...
Matur'il. \ Date Redeemed.
June 1927iJan. 1 1 1907..
1928 Jan. 11 1907
1913 i Jan. 11 1907..
1925 Jan. 11 1907
lo.ooo
192:0 |.Jan. 11 1907
10.000
1926 ! Jan. 11 1907
15,000
1926]Jan. 11 1907
35,000 Junel929!Jan.ll 1907
20,000 Oct. 1906 Jan. 1 1 1907.
1.000 Oct. 1919 |
1,000 Oet. 1919 1
.June
June
June
June
June
Tune
Amount. Matur'y.
..$50,01)0 June 1907
.
..
..
.
.
45,000 June 1S)08
50,000 June 1909
50,000 June 1916
50,000 June
June
June
June
June
35,000
35,000
35,000
20,000
1917
1922
1923
1924
1925
Mobile, Ala.—Bonds Drawn.—The
following 5% bonds,
1881, were drawn Jan. 14 for payment
Feb.|HatThe
issue of
First National Bank
or
People’s Bank
of Mobile:
Feb. 16
Mobile City Bonds.
74, 91, 198, 202, 313, 399, 403, 515, 598,
1079, 1200, 1204, 1312, 1402, 1604, 1605,
2401, 2403, 2603, 2801, 3003, 3203, 4201,
and 4847.
603, 707, 782, 817, 920, 1002,
1804, 1808, 2013, 2205, 2209,
4402, 4403, 4713, 4798, 4804
Wharf Bonds.
3464, 3475, 3517, 3593, 3610, 3658, 3707, 3725, 3754,
and 4888.
789, 3858, 3900
Morris County (P. O. Morristown), N. J.—Bonds Re¬
deemed.—This county on Jan. 1 redeemed $20,000 road
bonds.
Orleans, La.—Premium Bonds Drawn.—The followof New Orleans were drawn by
July 15 1907), this being the
hundred and twent}'-fifth allotment:
New
ng premium bonds of the City
lot on Jan. 31 (for payment
one
Series Nos. 371, 404, 437, 978, 1076, 1395, 2081, 2202, 2312, 2508, 2560.
2723, 2729, 2804, 3113, 3332, 3463, 3494, 3631, 4026, 4104, 4210, 4248,
4427, 4483, 5123, 5470, 6076, 6290, 6440, 6557, 6561, 6724, 7401, 7556,
7771, 7800, 8090, 8332, 8339, 8478, 8682, 8748, 8822, 9151, 9223, 9229,
9329, 9439 and 9606.
Northampton County (P. O. Easton), Pa.—Bond Call.—
April 1 at the office of the County
Treasurer for$50,000bonds issued April 1 1890.
The bonds
are numbered as follows:
1, 5, 0, 7, 10, 11, 12, 13, 15, 10,
18, 22, 20, 28, 29, 31, 32, 33, 34, 30, 38, 40, 41, 43, 44, 40,
47, 50, 52, 53, 55, 50, 57, 00, 02, 03, 70, 74, 70, 77, 80, 81,
87, 88, 94, 95, 97, 98, 99 and 100.
,Savannah, Chatham County, Ga.—Bonds Redeemed.—The
following bonds were purchased Jan. 19 for redemption:
Call is made for payment
§8,000 5% redemption bonds issued In 1879 and maturing Feb. 1 1909.
6,000 5% redemption bonds Issued in 1883 and maturing: July 1 1913.
Springs School District, Saline County, Mo.—Bond
Call.—On Feb. 1 call was made for payment at the First
National Bank in Jefferson City of 4% bonds Nos. 1 and 2
or $500 each, dated February 1902.
Tarentum, Allegheny County, Pa.—Bond Call.—B. F.
Sprankle, Borough Treasurer, calls for payment at the
Tarentum Savings & Trust Co. bonds numbered 53 to 72 in¬
Sweet
Interest will
clusive.
405
THE CHRONICLE
1907.]
cease
March 1.
Upshur County (P. O. Buckhannon), W. Va.—Bond Call.
—Court-house bonds numbered 19 to 26 inclusive have been
Feb. 21 at the People’s Bank of West
Virginia in Buckhannon.
called for payment
Seasongood & Mayer, Cln.$32,330 40 Hayden, Miller die Co.,Cle_S31 ,911 00
.878 00
Hoeliler & Cummings, Tol. 32,212 50 W. J. Hayes die Sons, Cle._
.877
,875
,750
,750
,675
.650
32,203 00 Sec.Sav. Bk.dcTr.Co., Tol._
Well, Roth die Co., Cin
Emery, Anderson&Co.,Cle 32,175 00 Prov.Sav.Bk. &Tr.Co., Cin.
R. Kleybolte & Co., Cin.. 32.166 00 First Nat. Bank. Xew Bre.
First Nat. Bk., Wapak’ta. 32,102 00 Breed die Harrison, Clncin_
F. L. Fuller &Co.,Cleve. 32,101 50 Plqua Nat. Bank, Piqua._
Denison die Farnsworth,Cle 31,983 25 Cleveland Trust Co., Cle..
MacDonald, McCoy&Co.,Cli31,955 50 E. H. Rollins & Sons, Chic
Un.Sav.Bk.&Tr.Co., Cin.
31,952 00 New First Nat. Bk., Colum
Otis & Hough, Cleveland. 31,943 10 People’s Xaf*. Blc., Wapa’a
50
00
00
00
00
00
,605 00
,575 00
_
.278 00
Avondale (P. O. Birmingham), Jefferson County, Ala.—
are advised that the $25,000 5%
Bonds Re-awarded.—We
sanitary-sewer bonds awarded on Sept. 15 1906 to Otto
Marx & Co. of Birmingham (V. 83, p. 712) were re-awarded
on Dec. 20 to Steiner Bros, of Birmingham at par and in¬
terest.
Denomination $500.
semi-annual.
Maturity thirty
Date June 1 1906.
Interest
years.
Avoyelles Parish School District (P. O. Marksville), La.—
be received until 10 a. m.
Bond Offering.—Proposals will
March 1 for the following bonds:
$1,000 5% gold
50U 5"5 gold
800 5% gold
2,500 5% gold
1,000 5% gold
2,400 5% gold
1,000 5% gold
2,000 5% gold
700 5% gold
700 5°o gold
3,000 5% gold
11,900 5% gold
Vick School District No. 5 bulldingjbonds.
Saline School District No. 9 building bonds.
Laborde School District No. 16 building bonds.
Third Ward scliool-bullding bonds.
5 [F
Gremlllion School District No. 7 building bonds.
Fifth Ward school-building bonds.
Yellow Bayou School District No. 19 building bonds.
Plauchevllle School District No. 8 building bonds.
Low, Chouplque School District No. 11 building bonds.
Dupont School District No. 18 building bonds.
Evergreen School District No. 2 building bonds.
Bunkie School District No. 1 building bonds.
Authority Act 84 of General Assembly of 1906.
Denomi¬
nation $100.
Date Jan. 15 1907.
Interest annually at
the office of the Parish Treasurer in MaVksville.
Maturity
$1,500 in 1908, $2,000 in 1909, $2,200 in 1910, $2,300 in
1911, $2,400 in 1912, $2,300 in 1913, $2,400 in 1914 and
V. L. Bay is Superintendent
$2,400 in 1915.
.
Bayonne, N. J.—Bond Sale.—On Feb. 5 the $10,000 4 %
4^% gold school bonds described in \ 84, p.
232, were awarded to S. A. Kean of Chicago.
and $49,400
.
Bakersfield, Kern County, Cal.—Bond Election.—On Feb.
city will vote on propositions to issue
$115,000 sewer, $35,000 city-hall, $30,000 park, $7,500
19 the electors of this
city-hall-site, $7,500 citv-hall-furnishing and $5,000 land
434% 1-40-year (serial) bonds. Interest semi-annual.
Bond Proposals and Negotiations this we£k
Bayou Catfish Drainage District (P. O. Grosse Tete),
have been as follows:
Iberville Parish, La.—Bonds Not Sold.—No satisfactory
Aberdeen, Brown County, S. D.—Bond Sale.—On Feb. 11 bids were received on Jan. 28 for the $52,000 5% gold cou¬
the $35,000 43-2% 20-year coupon electric-light bonds de¬ pon bonds described in V. S4, p. 116.
Maturity on Feb. 1
scribed in V. 84, p. 287, were awarded to the Harris Trust <fc as follows:
Savings Bank of Chicago at 101.88—a basis of about 4.379%. §1.000 111 1908| §1 .500 111 1913 i §2,000 111 1918 152,500 in 1923 j §3,000 In 1928
2,500 111 192 1 i 3,500 In 1929
1.000 ill 1909 j 1,500 III 19141 2,000 ill 1919
Adel, Berrien County, Ga.—Bonds Voted.—On Jan. 15
2,500 In 1925! 3,500 111 1930
2,500 in 1920
1,500 111 19101 1,500 in 1915
3.000 in 1926 | 3,000 Ill 1931
1,500 in 1911 | 2,000 in 19161 2,0001nl921
this city authorized the issuance of $25,000 5% water-works
1,500 in 19121 1,500 ill 19170 2,500 In 1922 i 3,000 111 1927 !
and city-hall bonds by a vote of 75 to 4.
Securities mature
Beach City, Stark County, Ohio.—Bond Offering.—Pro¬
in 1937.
Date of sale not yet determined.
Allegheny, Pa.—Bond Election.—The City Council lias posals will be received until 12 m., March 16, by A. B. Win¬
decided to submit to the people at the spring election gate, Village Clerk, for $600 5% electric-light bonds of $160
each and $1,100 5% water-works bonds of. $220 each.
(Feb. 19) propositions to issue $1,000,000 4% reservoir and
$400,000 4% street and sewer judgment bonds.
Maturity Authority, Section 2835 of the Bevised Statutes. Securi¬
ties will be dated April 1 1907.
Interest semi-annual.
not exceeding 30 years.
Bonds are payable in live years.
Certified
cheek for 10%
"Allegheny—Seventh Ward School District (P. O. Alle¬ of the bonds bid for, payable to the Village Treasurer,
is
gheny), Allegheny County, Pa.—Bond Election.—On Feb. 19
Accrued
interest
to
by
required.
be
paid
purchaser.
the electors of this district will vote on a proposition to issue
Beaumont, Texas.—Bond Offering.—Proposals will be re¬
$75,000 school-buildingraddition bonds.
until 9 a. m., April 2, by J. G. Sutton, City Secretary,
ceived
Allen County (P. O. Lima), Ohio.—Bond Offering.—Pro¬
for $75,000 sewerage, $25,000 school-building, $5,000 schoolposals will be received until March 26 for $130,000 4J/2%
memorial building bonds.
Denomination $5,000. Maturity repair and 825,000 paving 5% bonds. Denomination $1,000.
Date Dee. 1 1906.
Interest semi-annually at the office of the
$5,000 each six months from 1910 to 1922 inclusive.
City Treasurer or at the Park Bank & Trust Co. of Beau¬
Arlington, Calhoun County, Ga.—Bond Offering.—Pro¬ mont, or at the Hanover National Bank in New York City,
posals will be received until S p. m. March 5 by L. L. Lyon, at
option of holder. Maturity Dee. 1 1946, subject to call
Mayor, and the Town Council for the $25,000 5% water¬ after Dee. 1 1926. Each bid must be made on a blank form
works and electric-light bonds voted on Aug. 15 1906.
furnished by the city and must be accompanied by a certified
Certified chock for $500 required.
J. O. McNeil is Clerk of cheek on one
of the banks in the City of Beaumont for 2% of
awarded
These securities were offered but not
See V. 84, p. 116.
Council.
Fob. 5.
the Town
on
N. J.—Bond Sale.—On Feb. 9 the live is¬
434% water, paving and hospital bonds,
aggregating $650,0(H), described in X. 84, p. 172, were
Atlantic City,
sues of 4% and
•fled to N. W. Harris & Co. of New York Clitv at
The bids were as follows:
$300,000 $175,000
wafer
bonds.
X. YV\ Harris & Co.. X. V. 103.670
Howard K. Stokes, X. Y_ 104.52
H 'L.Crawford&Co. .X. Y_o 104.271
Kissel,
Kinnlcutt
&
Biodgct,
.
_
Merritt
Emery.
&
a
$30,000
bos pit a
paring
bonds.
bowls.
bonds.
103.676
103.676
103.676
-
-
100.56
.
.
.
102.09
1 00.0 1
101.3752
100.56
101.3752
100.56
101.72
100.56
103.07
& Co..
-
& Sons, Clev.
102.254
102.03
102.254
102.03
'
102.09
101.3752
100.56
Co.
.
Anderson
Cleveland
\V. J. Hayes
570.000
jhiring
.
..
Boston
J
Harriman dc Co., X. Y.
.
bonds.
103.676
$75 .ooo
Co.,
-103.627
Xew York
X. \V. Halsey & Co., X. Y.103.627
It. Klevbolte & Co..N.Y
103.50
A. 15. Loach & Co.. X.Y ...103.324
Snitzer & Co., Xew York. .103.06
\Y. A. Head dv: Co., X. Y -102.26
d
I). Evert! t & Co., X. Y. 101.3752
Kountze Eros., Xew York 100.56
.
poring
103.676.
—
104.10
"
loif.o i
101.3752
—
—
102.36
Bids said to he irregular.
Auglaize County (P. O. Wapakoneta), Ohio.—Bond Sale.
—On Feb. 12 the $30,000 5% 8;!J-year (average) bridge¬
building bonds deseribed in V. 84, p. 232, were awarded to
'Seasongood & Mayer of Cincinnati at 107.768—a basis of
about
3.94%.^Following are the bids:
http://fraser.stlouisfed.org/
i,iM3Bs.aa
Federal Reserve Bank of St.
Louis
payable to the Mayor.
paid by purchaser.
the bonds bid for,
to be
Accrued interest
Beaver Falls School District (P. O. Beaver
*
Falls), Beaver
County, Pa.—Bond Election.—The electors of this district
will vote Feb. 19 on a proposition to issue $60,000 school¬
building bonds.
Bellaire, Belmont County, Ohio.—Bonds Authorized.—On
Jan. 22 an ordinance providing for the issuance of $25,000
4K>% water-works bonds was passed by the City Council.
Bell County (P. O. Belton), Texas.—Bonds Authorized.—
The Commissioners’ Court has authorized the issuance of
$20,000 40-year bridge-repair bonds.
Bellevue, Huron County, Ohio.—Bond Offering.
Pro¬
posals will lie received until 12 m. Feb. 19 by George Lieber,
Village Clerk, for $876 31 5% Monroe Street improvement
assessment bonds.
Authority, ordinance passed Nov. 21
1906.
Denomination $87 63.
Date Dee. 21 1906. In¬
terest semi-annually at the office of the Village Treasurer.
Maturity $87 63 yearly on Dec. 21 from 1907 to 1916 inclu¬
sive.
Certified cheek for 5% of the amount bid is required.
This offering is in addition to the one published in last week’s
issue, which called for bids for $1,168 91 5%; Monroe Street
improvement assessment bonds.
Bellingham School District No. 81, Whatcom County,
Wash.—Bonds Defeated.—A proposition to issue $60,000
building'Bonds was recently defeated.
iiM IWiiWPWfrftv'''
"■
-
"I'MHrer
Benton Ridge School District (P. O. Benton Ridge),
Hancock County, Ohio.—Bond Offering.—Proposals will be
received until 12 rn., March 0, by-13. C. Huffman, Clerk
Board of Education, for the $12,000 4% school-building
bonds voted on Nov. 0 1006.
Authoritj^, Section 13991 of the
Ohio School Laws.
Denomination $H00.
Date, day of sale.
Interest March and September in Findlay.
Maturity one
bond one year and Ox months from date and one bond yearly*
Bonds are exempt from all taxes.
thereafter.
Total debt,
this issue.
Assessed valuation for 1900, $182,050.
Onb.—Debenture Election.—An election will be
place to vote on the question of issuing $24,612
market-building and trunk-sewer-construction debentures.
Berlin,
held in litis
Bertrand, Phelps County, Neb.—Bonds Authorized.—This
village has authorized the issuance of $12,000 4% coupon
water-works bonds.
Denomination °$500.
Date March 1
1907.
Interest January and July at the State fiscal agency
in New York City.
Maturity March 1 1927, subject to call
after March 1 1912.
Bonded
valuation for 1900, $8,959,300.
debt, this issue.
Assessed
school-building bonds.
Authority Act No. 270 of 1905 and
vote of 119 to 42 at election held Jan. 23.
Denomination
April 1 1907. Interest, semi-annually at
the Chicago Title & Trust Co. in Chicago.
Maturity $3,000
yearly on April 1 from 1908 to 1922 inclusive. The result
of this offering was not known to us at the hour of going to
Date
press.
Pa.—Bond Sale.—On
(optional) registered
improvement bonds described in V. 84, p. 232, were awarded
Blair County (P. O. Hollidays burg),
Feb. 11 the $200,000 4% 15-30-year
Lawrence Barnum & Co. of New York City at 101.006
and accrued interest—a basis of about 3.853% to the op¬
tional date and 3.900% to full maturity.
Following are the
bids:
Lawrence Barnum & C0..N.YIOI.666IN. W. Harris & Co., N.Y
101.086
Dick & Robinson, New York. 101.4.43 R. Kleybolte & Co., N. Y -.100.653
Wertz. Dulles & Co
101.41 | N. W. Halsey & Co., N. Y..100.630
Hayden. Miller & Co., Clev_ 101.3815 | VV. J. Hayes & Sons, Clev. 1 U0.0G05
Lamprccht Bros. & Co.. Clev.101.23 |
to
Boston, Mass.—Bond Sale.—The following bonds, aggre¬
gating $919,150, were sold at par during the month of January to the Sinking Fund Commissioners and to trust funds:
$50,000 3 Vi % Atlantic Avenue extension
bonds maturing January 1937.
»50,000
laudbonds
bondsmaturing
maturingJanuary
January1937.
1937.
3 Vi %
% school-building
bridge
48,000 3
Brookline Streetand
250,000 3 14% street-improvement bonds maturing January 1922.
493,500 3V% various municipal improvement bonds maturing
January
1927.
Ward 23, bridge and tunnel, &c., bonds
')/
maturing January 1927.
The above bonds are all dated Jan. 24 1907.
27,650 3 Vi% Temple Street.
Bristol County (P.
O. Taunton), Mass.—Note Offering.—
Proposals will be received until 10 a. m. Feb. 26 by the
County Commissioners, George T. Durfee, Chairman, for
$40,000 4pa% bridge notes. Authority Chapter 462, Acts
of 1903.
Denomination $20,000.
Date Feb. 27 1907. In¬
terest semi-annual.
Maturity four years.
Brockville, Ont.—Debenture Sale.—This town recently
awarded $15,000 debentures to Wood, Gundy & Co. of
Bryan, Williams County, Ohio.—Bond Election.—An elec¬
tion will be held Feb. 19 to vote on the question of issuing
$30,000 light and water plant bonds.
Buncombe County (P. O. Asheville), No. Car.—Bond
Election.—It is stated that the County Commissioners have
called an election for Feb. 21 to vote on the question of issu¬
ing the $250,000 coupon road-improvement bonds mention
of which was made in V. 84, p. 117.
"Charleroi School District (P. O. Charleroi), Washington
County, Pa.—Bond Election.—The question of issuing $25,000 school bonds will be submitted to a vote Feb. 19.
Chester, Delaware County, Pa.—Bond Election.—An elec¬
tion will be held in this city on Feb. 19 to vote on the ques¬
tion of issuing $500,000 5% general-improvement bonds.
Cheswick (Borough), Allegheny County, Pa.—Bond Sale.
—This borough has awarded the $5,000 4^% street-im¬
provement bonds offered on Nov. 24 1906 (V. 83, p. 1306)
Wm.
Imbrie
at
par.
Denomination $500.
Interest
April and October.
Chicago (Ill.) Sanitary District.—Bids.—The following
bids were received on Jan. 30 for the $500,000 4% 10J^-year
(average) coupon bonds awarded, as stated in V. 84, p. 287,
to
A. B. Leach & Co. and the Northern Trust Co. of
Chicago:
A. B.
Leach & Co., Chicago, and
Northern Trust Co., Chicago
First Trust & Savings Bank. Chicago
N. W. Halsey <St Co., Chicago
Merchants’ Loan & Trust Co., Chicago
N. W. Harris & Co., Chicago
American Trust & Savings Bank. Chicago
F. D. Hoag, Chicago (for $1,000)
E. W. PfelfTer. Chicago (for $1.000)
*
(for $100,000)
$503,875
503,650
503,100
502,255
501,460
100,273
1,005
1,000
be .re¬
Offering.—Proposals will
ceived until 7 p. m. Feb. 25 by T. B. Myers, City Clerk, for
$100,000 5% water-works and electric-light-plant bonds.
Authority Art. 11, Chapter 91, Revised Statutes of 1899,
Session Acts of 1903, page 93, Session Acts of 1905, page 324;
Chillicothe, Mo.—Bond
no
litigation threatened or pending affecting the corporate
existence or the boundaries of this city, title of its present
officials to their respective offices or the validity of these
bonds.
Cincinnati, Ohio.—Bids.—Following are the bids received
Feb. 8 for the.$1,000,000 4% 20-40-year (optional) cou¬
pon additional water-works bonds awarded, as stated in
V. 84, p. 350, to a local syndicate at 103.811:
on
Union Savings Bank & Trust Co., Cin 1
German National Bank. Cincinnati
|
Atlas National Bank, Cincinnati
£
_
(for $1,000,000)
$1,038,110 00
(for $1,000,000)
1.025,666 00
Rudolph Kleybolte & Co., Cincinnati!
Seasongood & Mayer, Cincinnati
|
Western German Bank, C inelunatl ..)
Citizens’ National Bank. Cincinnati.)
Provident Savs. Bk. & Tr. Co.
Cin.. |
Weil. Roth & Co., Cincinnati
}
W. It. Todd & Co., Cincinnati
|
E. II, Rollins & Sons, Chicago
J
Central Trust & Safe Deposit Co., Cine, (for
Breed & Harrison, Cincinnati (for $1,000,000)
$1,000,000)
_
Brighton-German Bank Co.. Cine, (for $ 250,000 bonds)
City Hall Bank, Cincinnati (for $25,000 bonds)
Bonds
Authorized—Or) Jan.
21
1,025,000
1,022,500
257,812
25,751
oo
00
50
00
ordinances providing for
3.65% hospital
Denomina¬
tions, water bonds $100 and hospital bonds $500. Date
$100,000 3.65% water-main and
bonds
were
$204,000
authorized by the City Council.
Feb.
15
Interest semi-annually at the American
1907.
Exchange National Bank in New York City. Maturity
thirty years.
Dallas, Paulding County, Ga.—Bonds Not Yet Sold.—Up
to Jan. 24 no disposition had yet been made of the $20,000
5% gold coupon water bonds offered but not sold on Dec.'
1906.
We are advised that these bonds will be re-adver¬
tised in the near future.
Dayton, Ohio.—Bonds Authorized.—The City Council
recently passed ordinances providing for the issuance of the
following bonds:
$6 ,000 5% Sewer District No. 4 (city’s portion) bonds.
Denomination
$1,000.
Maturity on Feb. 1 as follows: $1,000 In 1909, $1,000
in 1911, $1,000 in 1912, $1,000 In 1914, $1,000 in 1916 and
$1,000 111 1917.
2,200 5% Beekel Street paving assessment bond.
Maturity Feb. 1 1908.
2,500 5% garbage-equipment bonds.
Maturity Feb. 1 1908.
The above bonds will be dated
Feb.
1
Interest
1907.
semi-annual.
$7,000 4%
Washington Street Bridge bonds, dated April 1 1907.
semi-annual.
Interest
Maturity, four years.
100,000 4% park and boulevard bonds, dated April 1 1907.
Interest semi¬
annual.
Maturity $25,000 yearly on April 1 from 1917 to 1920
inclusive.
Detroit, Mich.—Bond Sale.—On Feb. 11 the $92,000 30year
public-sewer and $170,000 20 1-5-year (average) pub¬
lic-school 33^2% coupon bonds described in V. 84, p. 288,
were awarded to E. H. Rollins & Sons of Boston and Matthew
Finn of Detroit at their joint bids of 102.88 (basis 3.348%)
and 101.S82 (basis 3.37%) respectively.
Following are the
bids:
$92,000
publlc-sewcr
E. H. Rollins & Sons, Boston,
Matthew Finn of Detroit.
and\
Security trust Co., Detroit.
People’s State Bank, Detroit.
N. W. Halsey & Co., Chicago, and)
H. W. Noble & Co., Detroit
/
W. E. Reilly &Co., Detroit
E. B. Cadwell & Co., Detroit.
a
For $25,000
$170,000
public-school
bonds.
bonds.
$94,650 00
$173,200 00
93,800 00
93,288 00
93,242 00
170,605 70
J
Bumpus-Stevens Co., Detroit
Toronto.
to
also vote of 659 to 264 at election held Jan. 26.
Denomina¬
tion $1,000.
Date March 1 1907. Interest semi-annually
at the First National Bank of Chillicothe.
Maturity $25,000
March 1 1912 and $5,000 yearly from 1913 to 1927 inclusive.
Certified chock on a Chillicothe bank for $1,000, payable to
the Mayor, is required.
Official circular states that there is
,
Bessemer School District (P. O. Bessemer), Gogebic
County, Mich.—Bond Offering.—Proposals were asked for
up to S p. m. yesterday (Feb. 15) by Gustav L. Ziebur,
Secretary of Board of Education, for $45,000 5% coupon
$1,000.
[VOL. LXXXIY,
THE CHRONICLE.
400
92,461 25
_
92,250 00
a25,125 00
public-sewer bonds.
Douglas, Ga.—Bond Offering.—Proposals will be received
by the Mayor and the Aldermen for $12,500 electric-light
and water-plant enlargement and $5,000 school-building
5% bonds. Denomination $500. Date Nov. 1 1906. In¬
terest annual.
Maturity thirty years.
Douglas County (P. O. Alexandria), Minn.—Loan from
State.—Application has been made to the State for a loan from
the Permanent School Fund for $23,400 3% ditch bonds as
follows:
Maturity—
Ditch No. 6..
Ditch No. 8
Ditch No. 9
—
1913.
1914.
1915.
1916.
1917.
$900
$1,000
1,500
1,200
$1,500
$1,600
2,200
1,700
$1,800
2,500
2,000
.1.200
1,000
1,800
1,500
day of delivery. Interest annually
July 1. Bonded debt at present $8,000.
Douglas County (Wash.) School District No. 110.—Bond
Sale.—This district has awarded a $700 6% building and fur¬
nishing bond to A. E. Case at par. Date of bond Dec. 3
1906.
Interest annual.
Maturity Dec. 3 1911.
Douglas County (Wash.) School District No. 150.—Bonds
Bonds will be dated
on
Not Sold.—We are informed that $900 bonds offered
28 were not sold.
on
Jan.
East Cleveland School District, Cuyahoga County, Ohio.—
Bond Offering.—Proposals will be received until 2p.m. March
9 for 837,000 4% building bonds.
Denomination $1,000.
Date, day of sale. Interest semi-annually at the Superior
Savings & Trust Co. in Cleveland. Maturity twenty years.
Certified check on some bank in Cuyahoga County for 10%
of bid, payable to the Treasurer of the Board of Education of
East Cleveland Village School District, is required.
•M'"i
'(.rMg
Feb. 10
Elm
407
THE CHRONICLE.
1907.]
Creek, Buffalo County, Neb.—Bond
Sale.—On Feb. 1
$1,750. Maturity one bond yearly
Sept. 1 from 1907 to 1926 inclusive. Date of sale not yet
Denomination
urer.
SI0,000 5% water-works bonds described in V. S3, p. fixed.
awarded to Otis & llough of Cleveland at
Hawkinsville, Pulaski County, Ga.—Bonds to Be Offered
Bonds mature twenty years,
100.-H and accrued interest.
are advised under date of Jan. IS that prepara¬
Shortly.—We
subject to call after Sept. 15, 1911.
tions are being made to offer for sale the $15,000 5% 29-year
Erie County (P. O. Buffalo), N. Y.—Bonds Not Sold.—No
bonds voted on Dec. 5 1906.
bids were received on Feb. 9 for the §250,000 4% armory
Helena, Mont.—Bonds Not to Be Offered at Present.—We
bonds described in V. 84, p. 351
are informed that it will be some time before arrangements
Falls City, Polk County, Ore.—Bond Offering.—We are are completed for the offering of the $600,000 water bonds
informed by a city official that bids will be received at any voted on Nov. 26 1906.
time for 88,000 o% -5-10-year (optional) gravity-water-sys¬
Herkimer County (P.O. Herkimer), N.Y.---Bend Offering.—
Denomination 8500. Date May 1907. In¬ B. A.
tem bonds.
Russell, County Treasurer, will offer for sale at 2 p. m.,
terest semi-annual.
Feb. 27, $60,000 4% highway-improvement bonds.
These
Fergus County (P. O. Lewistown), Mont.—Bond Offering. securities are part of an issue of $100,000 bonds authorized
—Proposals will be received until 12 m. April 2 by Charles by Sections 12 and 14 of the County Law and Chapter 115,
L. Myersick, County Clerk, for the 8100,000 4^% gold cou¬
Laws of 1898.
Maturity $12,000 yearly beginning April 1
the
on
14SS. were
court-house bonds voted on Nov. 0 1906. Denomina¬
$1,000. Date April 1 1907. Interest Jan. 1 and July 1
at the County Treasurer’s office.
Maturity twenty years,
subject to call after fifteen years. Certified check for 5%
of the bonds, payable to Julius Peterson, Chairman of Board
of County Commissioners, is required.
First Drainage District of West Baton Rouge Parish, La.—
Bond Election.—The question of issuing §25,000 bonds for
drainage purposes will be submitted to the voters of this dis¬
pon
tion
trict
on
Feb.21.
County (P. O. Meadville), Miss.—Bonds De¬
feated.—The election Jan. 22 resulted in the defeat of the
proposition to issue the $60,000 bridge bonds mentioned in
V. 83, p. 1216.
The vote was 234 “for” to 250 “against.”
Franklin County, N. Y.—Bonds Proposed.—A bill was re¬
cently introduced in the State Legislature providing for the
Franklin
issuance of bonds for repair of highways.
Franklin County (P. O. Louisburg), No.
Car.—Bonds Pro¬
posed.—This county has decided to petition the Legislature
for authority to issue road-improvement bonds.
Franklin Parish (La.) School District.—Bond Offering.—
Proposals will be received until 12 in., March 4, by B. S.
Landis (P. O. Winnsboro) for 818,000 5% coupon publicschool-building bonds.
Denomination $500. Date April 1
1907.
Maturity from one to nine years. A deposit of $500,
either in money or certified check on some bank in Winnsboro,
is required.
Bidders must satisfy themselves as to the legal¬
ity of the bonds before bidding.
Fremont, Dodge County, Neb.—Bond Offering.—Pro¬
posals will be received until 7 p. m. March 1 by S. F. Stiles,
City Clerk, for $25,000 5% 5-20-year (optional) paving bonds.
Authority vote of 426 to 130 at election held Feb. 4. De¬
nomination $1,000.
Date July 1 1907. Interest semi¬
annually at the fiscal agency of the State of Nebraska in
New York City.
Certified check on a Fremont bank for
81,000, payable to the City Treasurer, is required.
Frenchtown, Hunterdon County, N. J.—Bonds Authorized.
—The Borough Council has authorized the issuance of bonds
electric-light plant.
Hardin County (P. O. Kenton), Ohio.—Bond Offering.—
Proposals will be received until 12 m., Feb. 25, by Justin
Brewer, County Auditor, for $9,000 5% Kenton and Scioto
Valley turnpike bonds. Denomination $1,800. Date Feb.
25 1907.
Interest annual.
Maturity $1,800 yearly on
Feb. 25 from 1908 to 1912 inclusive.
A deposit in currency
of $300 or certified check for that amount, drawn on some
Kenton bank and made payable to the County Auditor,
is required.
Proposals will also be received at the same time and place
or $32,445 ditch b onds as follows:
for
an
$3,000 f>% 1-5-year
1.900 5% 1-2-year
900 5% 1-4-year
1,200 5% 1-2-year
1,150 5% 1-5-year
4,000 5% 1-4-year
2,100 5% 1 -3-year
675 5% 1-3-year
420 5% 1-2-year
380 5% 1-2-year
1,020 5% 1-3-year
840 5% 1-2-year
1,200 5% 1-2-year
3,300 5% 1-4-year
240 5% 1-2-year
600 5% 1-2-year
200 5% 1-2-year
450 5%,< 1-3-year
600 5% 1-2-year
280 5% 1-2-ycar
740 5% 1-2-year
240 5% 1-2-year
600 5% lWI-year
750 5% 1-5-year
2,100 5% 1-3-year
600 5% 1-3-year
2.900 5% 1-4-year
(serial) bonds of $000 each.
(serial) bonds of $950 each.
(serial) bonds of $240 each.
(serial) bonds of $000 each.
(serial) bonds of $230 each.
(serial) bonds of $1,000 each.
(serial) bonds of $700 each.
(serial) bonds of $225 each.
(serial) bonds of $210 each.
(serial) bondsof $190 each.
(serial) bonds of $340 each.
(serial) bonds of $420 each.
(serial) bonds of $600 each.
(serial) bonds of $825 each.
(serial) bonds of $120 each.
(serial) bonds of $300 each.
(serial) bonds of $100 each.
(serial) bonds of $150 each.
(serial) bonds of $300 each.
(serial) bonds of $140 each.
(serial) bonds of $370 each.
(serial) bonds of $120 each.
(serial) bonds of $200 each.
(serial) bonds of $150 each.
(serial) bonds of $700 each.
(serial) bonds of $200 each.
(serial) bonds of $725 each.
Authority Sections 4479-4481-4482 of the Revised Statutes,
amended.
Date of bonds Feb. 25 1907.
Interest an¬
A deposit of $500, either in currency or certified
nual.
check on some Kenton bank and payable to the County
Auditor, is required with each bid.
Hart, Oceana County, Mich.—Bond Sale.—This village
has awarded $1,200 6% sewer bonds to the Michigan Trust
Co. of Grand Rapids.
Hastings, Barry County, Mich.—Description of Bonds.—
The $35,000 paving bonds voted at the election Dec. 27 1906
will carry 4% interest, payable at the office of the City Trasas
http://fraser.stlouisfed.org/
T''
Federal Reserve Bank of St. Louis |r
'■'■'j-i i
TWmw
1912.
Holly, Mich.-—Bonds Voted.—At a special election held
a proposition to issue $15,000 bonds carried by a
Jan. 16
vote of 310 to 25.
Hudson, St. Croix County, Wis.—Bond Offering.—Pro¬
posals will be received until 8 p. m., Feb. 25, by A. Karras,
City Clerk, for $20,000 4% coupon refunding bonds. De¬
nomination $1,000.
Date Feb. 1 1907. Interest annually
at the office of the City Treasurer.
Maturity Feb. 1 1927.
Bonded debt, including this issue, $35,000.
Assessed valu¬
ation for 1906, $1,199,088.
Hudson County (P. O. Jersey City), N. J.—Bond Offering.
—Proposals will be received until 4 p. m. March 7 by the Clerk
of the Board of Freeholders for $350,000 4% gold coupon
viaduct bonds.
Denomination $1,000. Date March 1 1907.
Interest semi-annually at the office of the County Collector.
Maturity March 1 1937. Certified check for $5,000, payable
to the County Collector, is required.
Jackson, Madison County, Tenn.—Bonds Proposed.—This
city has petitioned the Legislature for authoriy to issue
$80,000 school and $15,000 fire-protection bonds
Jackson County (P. O. Jackson), Minn.—Bond Election.—
An election will be held in this county Feb. 19 to vote on the
question of issuing $65,000 court-house bonds.
Jefferson, Ashtabula County, Ohio.—Bond Election.—This
place, it is stated, will vote Feb. 16 on a proposition to issue
$40,000 water-works bonds.
Jewell, Jewell County, Kan.—Description of Bonds.—We
are informed that the price paid for the $2,000 5% electriclight bonds sold on Feb. 4 (V. 84, p. 351) was par. Denomi¬
nation $500.
Date Feb. 7 1907.
Interest semi-annual.
Maturity Feb. 1 1917, subject to call at any interest-paying
period.
Jones County, Miss.—Bond Bids.—Following are the bids
received Feb. 4 for the $120,000 5% 6-25-year (serial) coupon
school-building bonds awarded, as stated in V. 84, p. 351,
to the Robinson-Iiumphrey Co. of Atlanta:
Robinson - Humphrey
Co.,
&
(Provident Savings
$126,680|
Atlanta
Trust Co.. Cincinnati
$125,403
Union Sav.Bk. &Tr.Co.,Cln 126,125 | W. J. Hayes & Sons, Cleve. 125,400
Bank
Devltt.Tremble & Co.,Chic_
126,025) H.C.Speer, Sons & Co.,Chic. 125,400
Co., Chlc_ 126,010 | Emery Anderson & Co.,Clev.
McCoy & Co.,
ISeasonpood & Mayer, Cine.
Thos. J. Bolger &
MacDonald,
Chicago
John Nuveen & Co., Chicago
Well, Roth & Co., Clncln...
125 252
124,854
125,7101 N. W. Harris & Cp., N. Y._ 124,552
125,590 IE. H. Rollins & Sons, Chic. 124,274
125,460 | O’Connor & Kahler, Chicago 123,332
(Township), Henry County, Ill.—Bond Offering.
—Proposals were asked for up to 6 p. m. yesterday (Feb. 15)
by Adolph Maul, President of Library Board, for $14,250
5% public-library-building bonds. Denomination $750.
Interest semi-annually from Nov. 1 1906, payable at the
First National Bank of Chicago.
Maturity $750 yearly on
May 1 from 1908 to 1926 inclusive. The legality of the bonds
Kewanee
has been passed upon by Wood & Oakley of
result of this offering was not known to us
Chicago.
The
at the hour of
going to press.
Kingman School District (P. O. Kingman), Kingman
County, Kan.—Bonds Voted.—By a vote of 436 to 35 this
district on Jan. 24 authorized the issuance of $25,000 4^%
10-20 year (optional) school bonds.
Lake City, Williamsburg County, S. C.—Bond Sale.—On
Feb. 4 the $15,000 6% 20-30-year (optional) coupon publicimprovement bonds described in V. 84, p. 174, were awarded
to J. L. Barringer of Florence at 100.50.
Following are the
bids:
'
•*
•
J. L. Barringer, Florence
S. A. Kean, Chicago
a
No certified check
$15,075|F. B. Sherman & Co., Chic_a$15,150
al5,350|
enclosed: bid rejected.
Lampasas County (P. O. Lampasas), Texas.—Bonds
Registered.—On Jan. 25 an issue of $10,000 4% 5-40-year
(optional) bridge bonds was registered by the State Comp¬
1907.
Laurel, Miss.—Bond Sale.—Local reports state that an
issue of 815,000 school bonds has been awarded, one-half to
the First National Bank and one-half to the Commercial
troller.
Securities are dated Jan. 1
Bank & Trust Co. of Laurel.
Lawrence County (P. O. Bedford), Ind.—Bond Sale.—On
Feb. 4 this county awarded $5,800 4p£% gravel-road bonds
of $145 each to J. F. Wild & Co. of Indianapolis for $5,805.
the price thus being 100.086; also $18,000
gravel-road
bonds of $450 each to Breed & Harrison of Cincinnati for
4^%
$18,108, the price thus being 100.60. Securities are dated
March 1 1907.
Interest May 15 and Nov. 15. ■ Maturity
one
bond of each issue
six months.
every
•
„
Leeds, Benson County, No. Dak.—Bonds Voted.—By a
of 75 to 6 this city on Jan. 15 authorized the issuance
of $8,000 10-year water-works bonds, --t •
\ q •> •
^Lexington, Davidson County,-N. C.—Bond Offering.—
Proposals will be received until 4 p. m., Feb. 23, by John H.
Moyer, Mayor, for $40,000 5% coupon street-improvement
and light and water-extension bonds.
Denomination $500.
Date March 1 1907.
Interest semi-annually at the Bank of
Lexington. Maturity forty years, subject to call after
twenty years.
Bonds are exempt from town taxes. Cer¬
tified check for $100, payable to the Mayor, is required.
Lima School District No. 9 (P. O. Lima), Livingston
County, N. Y.—Bond Sale.—On Feb. 9 the $8,000 registered
school-building bonds a description of which was given in
V. 84, p. 351, were awarded to W. J. Hayes & Sons of Cleve¬
land at 100.25 and accrued interest for 4^s.
There were no
$3,300 00 4 Yi % Chestnut Street improvement assessment bonds.
Author¬
ity, Section 95 of the Municipal Code and Ordinance No
246, passed Oct. 26 1906.
Denomination $330.
Maturity
$330 each six months from March 1 1907 to Sept, l lgig
inclusive.
other bidders.
Littleton, N. H.—Bonds Proposed.—A bill is before the
Legislature authorizing $60,000 bonds.
Lockhart, Caldwell County, Tex.—Bond Sale.—On Feb. 4
the $15,000 5% public-school-building bonds described in
V. 84, p. 174, were awarded to Spitzer <fc Co. of Toledo at
102.10 and other considerations.
The following bids were
State
received:
Spitzer & Co., Toledo
$15,.'ll.") 1 A. J. Hood & Co., Detroit
$15,230
E. H. Rollins & Sons, Chicago 15,175
Trust Co. ol’ Dallas
15,117
—
John Nuveen & Co., Chicago_al 5,4551
H. X. vSwain, Dallas
al5,350 |
•J. H. Oldham, Dallas
15,3001
liids not in compliance with terms of advertisement; therefore rejected.
Bonds mature in twenty years, but are subject to call at
different dates, the average of the options being 17 1-3 years.
a
Long Prairie Levee District, Ark.—Bond Sale.—It is
an issue of $125,000 6% levee bonds has been
placed.
Lumberton, Robeson County, N. C.—Bond Offering.—
Further details are at hand relative to the offering on March 1
of the $20,000 water-works-extension and $5,000 eleetrielight-extension 6% gold coupon bonds mentioned m V. 84, p.
288.
Proposals will be received until 12 m. on that day by
W. O. Thompson, Mayor.
Authority Chapter 215 of Pri¬
vate Laws of 1899 and Chapter 334 of Private Laws of 1905.
stated that
8500.
Date
Feb.
1
1907.
Interest
semi¬
annually at place to suit purchaser. Maturity thirty years,
subject to call after twenty years. Bonds are exempt from
town taxes.
Certified chock for $500, payable to the Mayor,
is required.
Bonded debt, including this issue, $50,000.
Floating debt $10,000. Assessed valuation for 1906 $943,ooo.
•
•«*:-»•
■*
•
% Fourth Street brick-improvement assessment bonds
Authority, Section 95 of the Municipal Code and Ordinance
No. 245, passed Oct. 26 1906.
Denominations:
Eight
bonds of $144 each and two bonds of $145 each.
Maturity
$144 each six months from Sept. 1 1907 to March 1 1911
inclusive, $145 Sept. 1 1911 and $145 March 1 1912.
4}■$% Sidewalk assessment bonds.
Authority, Sections 73 and
75 of the Municipal Code and Ordinance No. 249, passed
1,442 00 4
vote
Denomination
[VOL. LXXX1V,
THE CHRONICLE.
408
831 50
Oct. 28 1906.
Denominations: Four bonds of $1G0 each
and one bond for $167 50.
Maturity $166 each six
months from Sept. 1 1907 to March 1 1909 inclusive.
The above bonds will be dated Jan. 20 1907.
semi-annual.
Interest
Mathiston, Webster County, Miss.—Bond Offering.—Pro¬
posals will be received March 5 by the Mayor and the Board
of Aldermen for the $12,000 6% school-building bonds
recently voted. Denominations: $100 and $500. Date
April 1 1907. Interest annually at the Hanover National
Bank in New York City.
Maturity $100 yearly on April 1
from 1908 to 1912 inclusive and $500 yearly on April 1 from
1913 to 1926 inclusive and $4,500 April 1 1927.
Certified
check for 10% of the bonds bid for required.
Mill Creek School District, Ind. Ter.—Bonds Defeated.—A
proposition to issue $10,000 5% building bonds was recently
defeated.
Mineola, N. Y.—Bonds Voted.—This village on Jan. 15
bonds.
Mineral, Cherokee County, Kan.—Bond Election.—The
City Council has called a'special election to vote on the ques¬
tion of issuing bonds for the construction of a water-works
plant.
Montgomery, Ala.—Bonds Not Sold.—No award was made
on Feb. 11 of the $468,000 4J^% 30-year refunding bonds
described in V. 84, p. 234.
Wo art' informed that the bids
received were irregular and were therefore not considered.
Montgomery County (P. O.Dayton), Ohio.—Bond Offering.
—Proposals will be received until 12 m.. March 7, by T. J.
Kauffman, County Auditor and Clerk of Board of County
Commissioners, for $250,000 4^2% coupon memorial¬
building bonds. Authority, an Act of the General Assembly
passed March 12 1902. Denomination $1,000. Date April 1
1907.
Interest scmi-annuallv at the County Treasurer’s
office.
Maturity $15,000 yearly on Oct. 1 from 1908 to 1923
inclusive and $10,000 Oct. I 1924.
Certified check for 5%
of the bonds bid for, payable to the,County Commissioners,
is required.
Morgantown, Monongalia County, W. Va.—Bonds Not
Yet Sold.—We are advised that the $70,000 4^£% funding,
sewering and street-paving bonds mentioned in V. S3, p.
1490, have not yet been placed.
Nashville, Tenn.—Bond Offering.—Proposals will be re¬
ceived until 3 p. m., March 12, by the Bond Commissioners,
care of H. S. Bauman. City Recorder, for the following bonds:
voted to issue $40,000 water
School District (P. O. McCook), Red Willow
County, Neb.— Bond Offering.—Proposals will be received
until April 1 for $36,000 4}o% coupon school-building and $125,000 4><s% 30-.vear suburban street bonds dated July 1 1905.
150,000 4
30-year Commerce Street extension bonds dated Jan.l 1907.
furnishing bonds. Authority, Sub-division 15, Chapter 79,
Denomination 81,000.
Interest semi-annually in Nash¬
Compiled Statutes of Nebraska, and vote of 165 to 5 at elec¬
tion held June 12 1906.
Denomination $500.
Date July 1 ville or at the banking house of Latham, Alexander & Co.,
1906.
Interest semi-annually at the fiscal agency of the New York City.
Certified check for 5% of the bonds bid
State of Nebraska in New York City.
Maturity twenty* for, payable to tlw* City Recorder, is required. Accrued in¬
years, subject to call Series 1 after July 1 1911, Series 2 after terest to be paid by purchaser.
Nelsonville School District (P. O. Nelsonville), Athens
July l 1916 and Serif's 3 after July 1 1921. Total debt, in¬
cluding this issue, $43,000.
Assessed valuation, $460,895.
County, Ohio.—Bond Offering Canceled—Bond Election.—
MacLeod, Alberta.—Debentures Not. Yet Sold.—Up to The Board of Education has canceled the offering of the $45,000 4% coupon school-building bonds which were to have
Jan. 16 no award had yet been made of the $95,000 5% 40been sold Feb. 5.
See V. 84, p. 175.
This action was taken
year water-works, electric-light, and sewerage debentures
as it was thought that there were defects in the original pro¬
offered but not sold on July 28 1906.
Malone, Franklin County, N. Y.—Bond Offering.—The ceedings which invalidated the issue. A new election will
be held Feb. 16.
State Assembly on Jan. 23 passed a bill legalizing all proceed¬
New Orleans, La.—Bonds Not Awarded.—The only bid
ings and Acts of the village of Malone in relation to the issu¬ received on Feb. 13 for the.$175,000
to $200,000 4% 10-20ance of $225,000 registered water-works bonds.
Proposals year (optional) coupon school-teachers’-salary bonds de¬
scribed in V. 84, p. 175, was one of par and accrued interest.
for these securities will be received until March 8 by Geo. A.
Willson, Acting Village President, and R. McC. Miller, Vil¬ The bid was taken under advisement
Newton County (P. O. Kentland), Ind.—Bond Sale..—On
lage Clerk, at the office of the Board of Trustees.
Denomi¬
Feb. 7 the $6,370 71 6% Mary E. Spitler et al. ditch-con¬
nations: 200 bonds of 81,000 each and 50 bonds of 8500 each.
st ruction-assessment bonds described in A*. 84, p. 289, were
Interest (not to exceed 5%) payable semi-annually at the awarded to
Trowbridge & Nivor Co. of Chicago.
Knickerbocker Trust Co. in New York City,
Maturity
Norfolk, Va.— Bond Sale.—An issue of $99,000 4% 30-vear
bonds dated Sept. 1 1906 has been awarded at private sale
§4,500 yearly on April 1 from 1912 to 11)61 inclusive.
The official notice of this bond offering will be found among at par and interest.
Oakland, Cal.—Bonds Voted.—The issuance of $992,000
the advertisements elsewhere in this Department.
4p2%
20-year (average) park bonds was authorized on Jan.
Marion, Grant County, Ind.—Bond Offering.—Proposals
14 bv a vote of 2706 to 519.
The ordinance providing for
will 1><> received until 2 p. m.. March S, by Eli E. Coats, City
the offering of these bonds has not yet been adopted.
Comptroller, for $25,000 4% coupon refunding bonds. De¬
Oaks School District, Ind. Ter.—Bonds Approved.—The
nomination $1,000.
Date May 15 1907.
Interest semi¬
of the Interior has approved 85,500 school bonds
Secretary
annually in Marion.
twenty
subject
to
Maturity
years,
call
after ten years.
Bonds art' exempt from all taxes. Cer¬ of this district.
tified check for $500, payable to the City Comptroller, is
Oconto, Oconta County, Wis.—Loan to Be Made from
State.—Wo are informed that this city will borrow $25,000
required.
Marlin, Falls County, Tex.—Bonds Authorized.—The City from the State for building purposes.
Council has ordered the issuance of the 816.000 4% 5-40-vear
Ontario, San Bernardino County, Cal.—Bond Sale.—On
(optional) water-works-improvement bonds voted on Nov. Feb. 5 the $35,000 5% 1-35-year (serial) coupon street-im¬
20 1906.
These securities will be offered in about sixty days. provement bonds described in V. 84. p. 289, were awarded
Marysville, Union County, Ohio.—Bond Sale.—This to tin1 First National Bank of Ontario at 112.857 and ac¬
village has disposed of at private sale the following bonds crued interest—a basis of about 3.991%. The bids were
as follows:
offered on Jan. 24, at which time no bids were received:
McCook
.
'
f-v
Marble Co.
$38,510
Angeles
38,635 IE. H. Rollins & Sons. San Fr. 38,476
Andrew Chatfey, Los Angeles 38,575] Adams-Phllllps Co., Los Ang. 38,000
X. W. Harris & Co.. Los An. 38,526! Los Angeles Tr. Co., Los Ang 37,625
Park County (P. O. Livingston), Mont.—Bond Offering.—
Further details are at hand relative to the offering on March 1
of the $25,000 4% gold jail-building bonds mentioned in
V. 84, p. 289.
Proposals will be received until 2 p. m. on
that day by Ray H. Stevens, County Clerk.
Authority,
factions 4240 to 4242 of. the Political Code. Denomination
§1,000. Interest Jan. 1 and July 1 at the County Treasurer’s
office and the Chase National Bank, New York City.
Ma¬
turity twenty years. Certified check for $300, payable to
the Chairman of the Board ofjCounty Commissioners, is
required.
Pensacola, Fla.—Bonds Authorized.—On Jan. 10 the City
Council passed the ordinance providing for the issuance of
the $100,000 sewer, $100,000 street-paving and $250,000
water-works 4)^% gold coupon bonds described in V. 84,
p. 02.
Peterborough, Ont.—Debentures Authorized.—This town
recently authorized the issuance of $40,000 4 !4% and
$21,000 4% debentures. Securities will be dated Jan. 1 1907
and mature part yearly for thirty years.
Philadelphia, Pa.—Bond Offering.—Proposals will be re¬
ceived until 12 m., March 18, by John Weaver, Mayor, for
$5,000,000 of the $13,500,000 30-vear registered bonds
voted at the general election Nov. 6 1906.
These securities
are for the various improvements enumerated in
V. S3,
}). 849.
Denomination $100 or multiple. Interest (rate
not to exceed 3%) Jan. land July 1 at the fiscal agency in
the city of Philadelphia.
Bonds are tax-exempt. Each
-bid must be made on a blank form furnished by the city and
must be accompanied by a certified check for 5% of the
bonds bid for, payable to the Mayor.
Plattsburg, Clinton County, Mo.—Bonds Defeated.—The
voters of this city on Dec. 29 1903 defeated the proposition
to issue the $42,000 4^% water-works bonds described in
V. 83, p. 1607.
This cancels the offering of these bonds,
the sale of which was advertised to take place on Dec. 31 1906.
First
Wm.
401)
THE CHRONICLE.
LOO?.]
Feb. 10
Pleasant View School District No. 72 (P. O. Waverly),
Kan.—Bonds Voted.—This district has voted to issue $1,200
Xat. Hank, Ontario
$39,500 The John M. C.
H. Staats Co., Los
i Los Angeles
school-building bonds to take the place of the $1,000 schoolbuilding bonds recently declared illegal. See V. 83, p. 1430.
We are informed that the new securities will be offered about
| June 1.
.
12 the $150,000
mentioned in V. 84, p. 352, were
Loring, Tolman & Tupper of Boston at 4.84%
Portland, Me.—Note Sale.—On Feb.
I
temporary loan notes
awarded to
! discount.
Portsmouth School District (P. O. Portsmouth), Scioto
'County, Ohio.—Bond Sale.—On Feb. 8 the $15,000 4%
! 24-26-year (serial) coupon High-School-addition bonds de|1 scribed in V. 84, p. 120, were awarded to the First National
Bank of Portsmouth at 102.956 and accrued interest—a basis
of about 3.814%.
Nineteen bids in all were received,
among which were the following:
! First Nat. 131c., Portsm’th $15,443 50 |
Weil. Roth &Co.« (Mucin $15,375 (M>
15,418 20|Cent. Nat. Bk.. Portsm’th 15,375 00
Hayden, Miller & Co., Clev 15,387 00 | Denison & Farnsworth,-Cl 15.348 25
| Rudolph Kleybolte & Co.,
] Brighton. German Hank,
| Seasongood & Mayer, Chi.
j
15,381 00j
Cincinnati
15,341 25
Cincinnati <Se Boston
County, Pa.—
j Bond Election.—An election will be held in this borough on
| Feb. 19 to vote on the question of issuing $9,000 publicimprovement bonds at not exceeding 5% interest.
I
Quincy, Mass.—Temporary Loan.—A loan of $100,000 lias
been negotiated With Blake Bros. & Co. of Boston.
Rsgina, Sask. — Debenture Offering. — Proposals will be
received until 5 p. m. March 4 by J. Kelso Hunter, City Flerk.
for $180,000 4V£% local-improvement debentures.
Interest
Securities mature part yearly on Dec. 1 .
annually on Dec. 1
Prospect Park (P. G. Chester), Delaware
.
Ont.—Debenture Sale. — It is stated that
debentures.offered but not sold on Nov. 20
disposed of to Aemelius Jarvis Sc Co. of To¬
V. 83, p. 1248, for description of securities.
Rsnfrew County,
the $14,000 4%
1903 have been
See
ronto.
Richland Parish School District No. 1, La.—Bonds Not
Sold.—We are advised under date of Feb. 1 that R. 11.
Brown (P. O. Delhi), Mayor, is still offering for sale the $9,000
5% school-building bonds mentioned in V. 83, p. 1608. Do-
LOANS.
NEW LOANS.
§1,000,000
§3,000,000
City of Louisville
Water Co.
BONDS
CITY OF ST. LOUIS
NEW
Office of the Commissioners of the Sinking Fund,
Rooms 27 anit28,City Hall, Louisville, Ky.,
Feb. 8. 1907.
The Hoard of Water-Works has delivered to
the Commissioners of the Sinking Fund of the
City
Louisville
of
for sale $1,000,000 of
3.65 Per Cent-Twenty-Year Gold Bonds.
the
mortgage bonds of the Louisville Water Com¬
pany, executed under the provisions
of the General Assembly of the Commonwealth
MAYOR’S
OFFICE.
A*
of the Act
proposals for the purchase of the whole
will be received
Amount of Bonds to be
Issued
and
Sold
March 18th, 1007. to
Meet Probable H"-
approved
March 6,
1006, which
bonds are each of the denomination of $1,000
dated July 2, 1006, bearing Interest at four per
cent per annum,
payable semi-annually,
coupons attached, both principal and
payable in gold coin of the United States, of
the present standard of weight and Oneness, at
the First National
Hank of New York, New
York City.
Sealed
or
any
PURPOSES FOR WHICH BONDS
number of said bonds
by the Commissioners of the Sinking Fund of
the City of Louisville until 12 o’clock m. on
the 6th day of March, 1007, at the office of said
Commissioners In the City Hall, at Louisville,
Kentucky.
Proposals must be upon blanks fur¬
nished by the Commissioners of the Sinking
Fund of the City of Louisville, City Hall, Louis¬
ville. Ky., and marked “Proposal for Bonds.”
The Commissioners of the Sinking Fund of the
City of Louisville reserve the right to reject
any or all bids, or to accept the whole or any
part of a bid for the bonds proposed to be pur¬
chased by any bidder.
No
proposal will be considered unless accom¬
panied by a certified
QBnnds will
HOSPITALS and purchase of sites
INSANE ASYLUM and purchase of land
FIRE
failure
to
deposit a
allotments
bidders.
certified cheek In full
of the amount of bonds bid for and
bidder, on ten days’ notice that
ready for delivery, may be, at the
option of the Commissioners of the Sinking Fund,
considered as a cancellation of the bid.
•The amount of the check accompanying the
bid will bo held for the payment of any expense
or
damage caused by reason of the failure to
pay for said bonds to the extent of any such
expense or damage Incurcrd.
F. .T. HERRMANN.
President.
J. M. TERRY, Treasurer and Secretary.
payment
allotted to any
same
DEPARTMENT (Engine Houses and
Lots)
HEADQUARTERS
$350,000 oo
450,000 00
130.000 00
:
POLICE
AND HEALTH DEPARTMENT HEADQUAR¬
POLICE. CIVIL. CRIMINAL
•
..
()\E
AND OTHER COURTS AND
TERS and purchase of sites
BRIDGES AND VIADUCTS and purchase of land
KING’S HIGHWAY BOULEVARD, City’s share
of cost_.
PUBLIC SEWERS and purchase of land
PUBLIC PARKS—Purchase of land.
700,000
250,000
250,000
400.000
470,000
00
00
OO
00
OO
$3,000,000 00
Total.
denomination of $1,000 United
and will bear Interest from their date
interest coupons, payable on
attached to each bond, and both bond ; and
either at the National Bank of Commerce. In New
Limited, 37 Nicholas Lane.
elghty-slx cents, six and one-half
condition that In payments of prin¬
be ready for delivery In the City cipal and Interest the United States Cold Dollar and the Pound Sterling will be calculated at 1 lie
at the oTflce of the Commissioners
The bonds may be exchanged for registered bonds at any
present standard of weight and fineness.
Louisville
the Sinking Fund so soon as the
are made to the successful bidder or
of
of
for
Year.
check on a national bank
State bank doing business In the City of
Louisville, payable to the order of the Commis¬
sioners of the Sinking Fluid of the City of Louis¬
ville, for two per centum of the face value of
the whole number of bonds proposed to be pur¬
chased by such bidder.
Checks will be returned
to the unsuccessful bidders.
Purchasers of said
bonds to pay accrued
interest on said bonds from the date of said
bonds to delivery of same.
ARE TO BE ISSUED.
quirements
or
A
February 4th. ion?.
with
Interest
Kentucky,
of
SAINT LOUIS.
By virtue of Ordinance No. 22.674, the undersigned are authorized to Issue and sell for the City of
St. Louis eleven million two hundred thousand dollars ($1 1,200,000 00) of St. Louis Public Building
and Public Improvement Bonds, and sealed proposals for the purchase of three million dollars
($.3,000,000 00) of said bonds, issued for the following purposes, anil hereinafter described, will be
received at the Mayor’s office, In the City of Saint Louis, until 12:00 o'clock noon of the 18th day
of March, 1907, and publicly opened by the undersigned at said place and hour:
are
OR
WITHOUT
with sroe'-n Mte border*, or Mtfc'nrrHDbfll. or part
lv orbited from type.
If the latter, th«n'-hti be
BONDS
WITH
coupons
DELIVERED IN FEW
DAYS
Cerriflca’engraved *n best, manner, or
lirho_*rai>nud and partly printed
partly
Said bonds will be dated April 1st, 1007, and will each be of the
States Gold Coin, payable twenty (20) years after their date,
at the rate of three 65-100 (3.65) per cent per annum.
Semi-annual
the first day of April and October, respectively, will be
coupons will be payable to bearer, as he may elect,
York. In United States Gold Coin, or at the National Bank of Scotland,
London. England, In pounds sterling, at the rate of four dollars,
mills ($4 8665) per Pound Sterling.
The bonds will contain the
time.
Bidders are requested to state
to be stated as one amount.
No bid will be considered that
bond, the par and premium
is not made on blank furnished by the Comptroller.
Proposals must be accompanied by a cashier’s or cert Bled check, payable to the order of the Comp¬
troller (and subject to Ills approval), equal to live (5) per cent of the nominal amount of the bonds
bid for; said deposit to be returned immediately if the proposal is not accepted, otherwise to !><• held
subject to forfeiture to the City In event of failure on the part of the bidder to comply with his pro¬
posal. or in case of compliance to be retained as part-of the purchase money.
A deposit In the
required amount,..to the credit of the City of St. Louis, In the National Bank of Commerce, in New
York, on or before Saturday, March 16th, 1007, will be accepted as full compliance with tlu* require¬
ments relating to deposits.
No Interest will he allowed on earnest money deposited.
Proposals will be subject to all the conditions and reservations of this advertisement, anil must refer
to same as a portion of the agreement on the part of the bidder.
Proposals should be enclosed and addressed to the undersigned and endorsed ‘‘Proposal for Purchase
Louis City Bonds.”
undersigned reserve the right to reject any or all bids.
Bonds will be delivered against payment therefor In current
In the City of St. Louis, on the 1st day of April. 1007. or.
posal, at the National Bank of Commerce In New York on the 1st
of St.
The
The
troller
*
.
N. Y.
funds, at the office of the Comp¬
if the bidder so elects in his pro¬
day of April, 1007.
and Counselors at Law. New York City, as
bidders by the City.
Information obtained at the office of the Comptroller.
The opinion of Messrs. Dillon <Sc Hubbard. Attorneys
to the validity of the bonds, will be furnished the successful
A sample bond can be seen and further
~
ALBERT B. KING & CX, 206 Broadway,
In their proposal the price offered per
'.
!
ROLLA WELLS. Mayor.
JAMES Y. PLAYER, Comptroller.
410
THE CHRONICLE
| VOL. LXXX1V.
nomination SI,000.
Date March 1.5 1907.
Interest annual. I
| San Diego, San Diego County, Cal.—Bond Election.—
on March 1.5 from 1908 to 1910 in- •> Local papers state that the Cit}r Council on Jan. 7 decided
elusive.
to call an election to vote on the question of
issuing bonds
for the following purposes: .$325,000 for
water-extension
Rockford, Ill .—Bond Oj}ering.—Proposals will be received
$150,000 for reservoirs, $75,000 for boulevards, $55,000 for
until 0 p. m. Feb. 18 by tlie City Clerk for $43,900 refunding
culverts> $65,000 for fire-department, $25,000 for Ninth
bonds.
Ward park, $183,GOO for sewer-extensions and $5,000
for
Roselle Park School District, N. J.—Bonds to Be Offered publicjavatorics—a
total of $883J000.#;J|-• if;
Shortly.—We are advised that this district will be in the
San Fernando Union Higlr School.District, Los
Angeles
market in the near future with an issue of $7,000 schoolCounty, Cal.—Bond Sale.—On Feb. 4 an issue of $4,000 5%
house-site bonds.
E. L. Lillibridge is President Board of
1-4-year (serial) school bonds was awarded to the
Maturity $1,000 yearly
•
Pasadena
Education.
Louis, Mo.—Bond Offering.—Attention is called to the
Department of the
offering on March IS of the eight issues of 3.0.5% gold cou¬
pon bonds, aggregating $3,000,000.
For details of these
bonds and terms of offering see V. 84, p. 352.
St. Paul, Minn.—Bond Offering.—Proposals will be re¬
St.
official advertisement elsewhere in, this
ceived until 12
m.
Feb. 27
at the office of Louis
by the Sinking Fund Committee
Betz, City Comptroller, for the follow¬
ing bonds:
SI00,000 •l",', coupon main-sower bonds to be dated March 1 11)07 and ma¬
ture Feb. 28 IS).'17.
Authority, Chapter 304, Laws of 100.1,
approved April 20 1003 and Ordinance Xo. 2,055, passed
Feb. 8 1007.
Denomination 31,000.
50,000 1% coupon water-works-system-extension bonds, to be dated
April 1 ino7 and mature March 31 1037.
Authority. Section
No.'34 of Chapter IX. of the City Charter and Ordinance Xo.
2,052 passed Jan. 19 1907.
Denomination $500 or $1,000,
as purchaser may desire.
Interest
semi-annually at the financial
of the city
City. Certified check for 2% of the
bonds bid for, payable to the City Treasurer, is required.
The official notice of this bond offering will be found
among
agency
of St. Paul in New York
the advertisements elsewhere in this
Department.
Salem, Harrison County, W. Va.—Bond Offering.—Pro¬
posals will be received until 6 p. m. March 14 by R. L. Towles,
Recorder, for $31,500 5% coupon paving, sewer and water¬
~
works bonds.
Denomination $500.
Interest annual.
Ma¬
turity thirty-four years.
Savings & Trust Co. at 101.437—a basis of about 4.40%.
San Francisco, Cal.—Bonds Not Sold.—No bids
ceived on Jan. 28 for the $1,087,200 sewer and the
street
3j-g% gold bonds mentioned in V. 83, p. 1608.
(P. O. Scranton), Lackawanna
County, Pa'.—Bond Sale.—On Feb. 11 the $200,000 4%
coupon building bonds described in V. 84, p. 291, were
awarded to N. W. Halsey A: Co. of Philadelphia at 102.19—
a basis of about
3.848%. Following are the bids:
X. \V. Ilalsey «5c Co., Phlla.$204,380 | X. \V. Harris &Co., X. Y ._$201
124
It. Kleybolte & Co., X. Y_. 201,500; \V. J. Hayes & Sons,
CJev.200,021
These bonds are
an
part of
issue of $2.50,000; the remaining
$.50,000 bonds will lie taken by the Sinking Fund, as stated
in V. 84, j). 291.
Sibley, Osceola County, Iowa.—Bond Sale.—This town
on Feb. 6 awarded $8,000 bonds to
Geo. M. Bechtel & Co.
of Davenport.
South Bend, Ind.—Bond Sale.—On Feb. 13 $30,000
4%
improvement refunding bonds were awarded to the St.
Joseph Loan <$c Trust Co. of South Bond for $30,206, the
price thus being 100.688. Denomination $1,000. Date
1
March
1907.
Interest semi-annual.
Maturity 1910,
*...
•
1917 and
South
1918.
Omaha,
Bonds. —We
Douglas
County,
by the city direct, but by the contractor, Dan Hammond,
who received the bonds from the city in payment for work
done.
The price paid by the Toledo company was 98.25.
NEW LOANS.
§385,000
Malone
§50,000
City Comptroller’s Office,
4%
City Comptroller's Office,
St
Paul. Fch. 11th, 1907.
St. Paul, Feb. 11th. 1907.
Sealed proposals will be received at the office 1
Sealed proposals will be received at the office
of the City Comptroller by the Sinking Fund
; of the
City Comptroller by the Sinking Fund
Committee until 12 o’clock noon on FEB. 27TI1, i Committee until 12 o'clock noon on FEBRUARY'
.
j
27TH,
1907, and
opened at that time, for the
of one hundred thousand ($100,000 00) dollars 1 purchase of
Fifty thousand ($50,000 00) Dollars
of the bonds of the City of St. Paul, Minn., the
of the bonds of the City of St. Paul. Minn., the
proceeds of which arc to he used for the purpose , proceeds of which are to be used for tlie purpose
of defraying the cost and expense of constructing1 I of
Extending.
Enlarging and Improving the
main sewers in said city: these bonds art* issued
| Pifblic Water Plant and Water Works System
pursuant to Ordinance Xo. 2,055. passed by the of the City of St. Paul.
These bonds are issued
Common Council and approved Feb. 8th, 1907, : pursuant to Ordinance No. 2,652,
passed
.
authorized by Chapter 304 of the Laws of Minn,
for 1903, approved April 20th, 1903.
Bonds
to be in denomination of one thousand dollars
each, with coupons attached, and dated March
1st.
1907, and mature February 28th, 1937;
they bear interest at tlie rate of four (4%) per
Common Council and approved Jan.
| authorized by Section
No.
by the
19th, 1907;
34 of Chapter IX.
of tlie Charter of tlie City of St. Paul.
Bonds
to be in denomination of live hundred or one
thousand dollars each, as tlie purchaser may
:
desire, with coupons attached, atid dated April
cent per annum, payable semi-annually, interest i 1st,
1907, and mature March 31st. 1937; they
and principal payable at the financial agency of
j bear interest at the rate of four (4%) per cent
the City of .St. Paid in Xcw York City.
Delivery per annum, payable semi-annually, interest and
of bonds to be made at tHe Comptroller’s office, i principal
payable at tlie financial agency of the
where payment must lie made by the successful
City of St. Paul in Xew York City.
Delivery of
bidder.
A cert Hied check, payable to the City
j bonds to be made at tlie Comptroller’s office,
Treasurer of the City of St. Paul for two (2%)
where payment must lie made by the successful
per cent or the par value of the bonds bid for,
bidder.
A certified cheek, payable to the City
must accompany each bid that will be consid¬
Paul for two (2%)
i Treasurer of the City of St.
ered.
Bids will be received for all or any part
per cent of the par value of tin* bond': hid for,
of the lot.
The Committee reserves the right
must accompany each bid that will lie considered.
to reject any and all bids.
Bids will he received for till or any part of the lot.
i
| The Committee
Proposals to be marked “Bid for Sewer Bonds” and all bids.
and addressed to
;
Proposals to
reserves
Village, New York,
WATER BONDS
water BONDS-30 YEARS
1907, and opened at that time, for the purchase
Neb.—Description, of
informed that the issue of 5% street-im¬
provement bonds recently awarded to the Security Savings
Bank <fc Trust Co. of Toledo was not sold to that company
are
CJTY OF ST+ PAUL, MINN.
SEWER BONDS—30 YEARS—4"i
re¬
$486,000
Scranton School District
NEW LOANS.
»100,000
were
the right to reject any
Sealed proposals will lie received by the under¬
signed at the office of the Board of Trustees of
Malone Village, Xew
York, until and during
MARCH 8TH, 1907, for the purchase of bonds
of Malone Village
amounting in tlie aggregate
to $225,000.
The bonds will be registered bonds,
registered la the office of the Clerk of the Corpora¬
tion, payaoie at the Knickerbocker Trust Com¬
pany’s ofUoe in New York City, N. Y., and will
bear Interest at a rate not exceeding live per cent
per annum, payable semi-annually at the said
office of the Knickerbocker Trust Company in
New York City, N. Y., for the purpose of paying
bonds heretofore Issued for the payment of tlie
water-works
system of Malone Village, and
bonds assumed by the village as part of the pur¬
chase price, under the provisions of an Act of
the Legislature of the State of New York, passed
in January, 1907.
Said bonds shall be 250 in
number, numbered from 1 to 250 Inclusive, and
payable four bonds of $1,000 00 each and one
bond of $500 00 on the lirst day of April in each
year from 1912 to 1961 Inclusive.
Bidders must name the Interest at which they
are willing to take said bonds, and
they will be
awarded to the person offering to take them
at the lowest rate of Interest; but the Board of
Trustees reserves the right to reject any bid.
The envelope enclosing the bid must be endorsed
Bond Bid.”
There is no other debt against said village.
By order of the Board of Trustees of Malone
’
Village.
Dated—Malone, X. Y.. Feb. 12th. 1907.
R. McC.MILLER.
GEO. A. WILLSON.
Clerk.
be marked. “Bid for Water Bonds
Acting President.
| and addressed to
LOUIS BETZ.
LOUIS
City Comptroller.
i
BETZ.
City Comptroller.
Adrian H. Muller & Son
AUCTIONEERS.
Regular Weekly Sales
GUNN, RICHARDS & CO.
OF
STOCKS and BONDS
EVERY WEDNESDAT.
PUBL'C ACCOUNTANTS
Office
No.
66
WILLIAM
STREET
Corner Pino Street.
43
EXCHANGE
PLACE, NEW YORK CITY
INVESTMENT BONDS
Lists upon
Also at CHICAGO—First National Bank
Building.
M0NTBEAL—Bank of Ottawa
BOSTON—50 Congress Street.
Building.
Denison &
request.
Farnsworth,
BOSTON
CLEVELAND and PHIL ADEL PHI A
411
THE CHRONICLE
Feb. 10 1907. J
Maturity five years, subject to call part yearly. The
of bonds issued was $23,000, and not $25,000, as
Taylor County, (P. O. Perry) Fla.—Warrants Xot Sold.—
Up to Feb. 7 no award had been made of the $54,000 0%
county warrants described in V. 84, p. 04.
Tiffin, Ohio.—Bond Offering.—Proposals will be received,
until 11 a. m. March 1 by John E. Dicmcr, Secretary of Sink¬
ing Fund Trustees, for $19,000 4% coupon refunding bonds.
Series 10.
Authority Section 113-115 of the Municipal Code
and resolution of the City Council adopted Jan. 29.
De¬
nomination $1,000.
Date March J 1907.
Interest semi¬
annually in Tiffin. Maturity March 1 1922. Bids must be
accompanied by a certified check for 5% of the bonds bid for,
payable to the City Clerk.
Toledo, Ohio. — Bond Sale.—On Feb. 8 the'$103,793 77 5%
coupon sewer-assessment bonds (5 issues) offered on Feb. 0
wore
awarded to Hayden, Miller
Co. of Cleveland at
102.085.
Following are the bids:
Hayden, Miller & Co.. Cl.$10(1,581 27 (Emery. Anderson & Co.,
amount
at first
reported.
Sparks, Washoe County, Nev.—Bond Offering.—Pro¬
posals will be received until 8 p. m. March 18 by G. A.
Robinson, City Clerk, for $40,000 5%% gold coupon sewer
bonds.
Denomination $1,000. Date Jan. 1 1907. Inter¬
est semi-annually at the office of the City Treasurer.
Bonds
are redeemable $1,000 or $2,000 yearly, at option of City
Council. Certified check for 10% of the bonds bid for. paya¬
ble to Geo. A. Robinson, City Clerk, are required.
Bonded
debt, this issue. Assessed valuation for 1907 $1,200,000.
Springhill, Nova Scotia.—Debenture Offering.—This town
is offering for sale $10,000 water-works, $10,000 civic-building
and $19,500 school-building 4% 30-year debentures.
Stow Township School District, Summit County, Ohio.—
BondOffcring.—Proposals will be received until 12 m. March
\V.
SlOo,88i) 77
Hayes <N: Sons. CL 100,394 77,
Cleveland
2 by \V. A. Nickerson, Clerk Board of Education, (P. ().
Weil, ltoili & Co.. Clnein. 100.204 77 | Denison & Farnsworth,
&
Otis
Hough.
Clove
100,27154
1
Cleveland
...
105,889 77
Cuyahoga Falls), for $10,400 4%, school-site and building
Savings Hank &
iSeasongood & Mayer,On. 105,809 08
bonds.
Authority Sections 3927-2, 3991 and 3992 of tin1 Security
Trust Co., Toledo.
100,145 27 I R. Ivleybolte & Co., CliL 105,784 71
Revised Statutes.
Denomination $800.
Date March 2 lloohler & Cummings; Tol 100.081 27|\V. It. Todd & Co., Cine. 105,298 77
1907.
Interest semi-annual.
Maturity $800 yearly on
See V. 84, p. 122, for description of these securities.
March 2 from 1908 to 1920 inclusive.
Accrued interest to
Trumbull County (Ohio) Road District No. 1.—Bond Offerbe paid by purchaser.
ing.--Further
tin* at hand relative to the offering on
Stroud, Lincoln County, Okla.—Bonds
Voted.—Bond March 9 of the details
$74,000 5% coupon improvement bonds men¬
Offering.—The election Jan. 22 resulted in a vote of 201 to 08 tioned in Yr. 84, j). 353. Proposals will be received until 1
in favor of issuing the $10,000 0% 10-30-year (optional)
m. on that day by Jennie B. Griffith, Clerk Board of Road
coupon water-works bonds mentioned in % 84, p. 175.
Pro¬ p.
Commissioners, at the County Surveyors' office in Warren.
posals for these bonds will be received until 8 p. m., March 4, Authority, Sections 4757-1 to 4757-21 inclusive of the Re¬
by James P. Freshour, Town Clerk. Securities will be dated vised Statutes and amendments thereto.
Denomination
Interest payable at fiscal agency.
March 1 1907.
Certified $1 .000. Date March 1 1907. Interest semi-annually at the
check for $500, payable to the Town Treasurer, is required.
office of tin' County Treasurer.
Maturity $9,000 each six
Bonded debt, including this issue, $32,000.
Floating debt, months from March 1 1918 to Sept. 1 1920 inclusive, $10,000
$1,000.
Assessed valuation, $197,994.
March 1 1921 and $10,000 Sept. 1 1921.
Certified check for
Sutton’s Bay, Leelanau County, Mich.—Bids Dejected. - - $500 required.
All bids received on Feb. 1 for the $5,000 5% gold water¬
Vicksburg, Warren County, Miss. -Xo Action Yet Taken.
works bonds described in V. 84, j). 1008, were rejected.
—We are informed that no action has yet been taken in the
Swift County (P. O. Benson), Minn.—Bond Offering.—
Proposals will be received until 10 a. m., March 20, by matter of calling an election to vote on the sewer-system
bonds mentioned in V. 83, p. 1250.
Michael Romstad, County Auditor, for $15,000 ditch bonds.
..
_
.
NEW LOANS.
NEW LOANS.
INVESTMENTS.
$$300,000
SS5.000
H. W. NOBLE & COMPANY.
TOWN OF WEST NEW YORK
City of Stamford, Conn.
Hudson County,
4*2%
N. J
4% REFUNDING
,
Refunding Bonds
proposals will be received by the Council
of the Town of West New York, in the County of
Hudson, at the Town Hall, Bergenllne Avenue,
south of Seventeenth Street, In said town, on
TUESDAY, THE NINETEENTH DAY OP FEB¬
RUARY, 1907, AT EIGHT O’CLOCK P. M.,
for the purchase of an issue of Two Hundred
Thousand ($200,000)
Dollars in bonds of said
town, to be issued under authority of the Act of
the Legislature of New Jersey entitled “An Act
the incorporated
Cities, Towns.
authorizing
Townships and Boroughs of this State to fund
their floating Indebtedness and their matured
and maturing bonds,” approved March 23rd,
1899, as amended by Chapter 3 of the Laws of
1901, and by virtue of an ordinance for that pur¬
pose adopted by the Town Council of said town
Scaled
February 5th, 1907.
Said bonds are to be issued for tlie purpose of
raising money to pay and redeem improvement
certificates Issued by said town which have ma¬
tured and remain due and unpaid; will be In de¬
nomination of one thousand dollars each, dated
May 1st, 1907, and become due and payable
thirty years thereafter; will bear Interest at the
rate of four and one-half per cent per annum,
on
payable semi-annually and may be either
regis¬
tered or coupon.
The bonds will be delivered May 1st, 1907, at
the office of the Town Treasurer, on payment of
the purchase price.
Each proposal must be ac¬
companied by a deposit of Five Thousand Dollars,
either in money or a certified check or some re¬
by the Town Council
and be applied to the cost
and expense of re-advertising and to any deliciency
of price that may arise on a re-sale of the
No conditional bid will be received.
All bids
that do not comply with the terms stated herein
will be considered informal and will be rejected
and the Council reserves the right to reject any
and all bids if deemed for tlie Interests of the town
so to do.
bonds.
?;
So
COMPANY,
BANKERS,
AND
PUBLIC SERVICE
Albert
AND
em
$ New York Stock
era
BONDS
43
stock Exchange,
^
FOR
Exchange Place,
New York,
Exchange,
INVESTMENT.
Building,
Philadelphia.
Drexel
Walnut
Street,
CINCINNATI, O.
Municipal,
County,
State,
and
High-Grade
Public Service
Securities
C0RP0RATI0H
Correspondence Solicited
BONDS.
i»i La Salle
Perry, Coffin & Burr,
Street, Chicago.
INVESTMENT BONDS.
MUNICIPAL AND RAILROAD
BONDS.
60 State
Street,
LIST OH APPLICATION.
BOSTON.
SEASONGOOD & MAYER
Mercantile Library Building,
CWCIlfTlATI.
Specialists in New Jersey
F. B. SHERMAN So CO.
Securities.
MUNICIPAL
eisele & King,
AND
CORPORATION
BANKERS,
205 La Salle Street,
Members of New York and Philadelphia
Stock Exchanges.
757-759 Broad St
Private Wires to
N.Y. and
.
NEWARK.
Philadelphia.
Established 1885.
t>
KleyboIte& Co.,
409
Donald,McCoy & Go,,
HUHICIPAL
CORPORATION
BONDS.
Bids
Mac
Philadelphia.
MUNICIPAL
All proposals must be accompanied by a certi¬
fied check to tlie amount of 2% of the sum of
the bid, payable to the City of Stamford.
will be opened by the City Treasurer In the City
Hall on the 20th day of February, 1907, at 12 M.
No bid will be considered for less than par.
City reserves right to reject any and all bids.
WILLIAM N. TRAVIS. City Treasurer.
By order of the Town Council.
JAMES L. WOLFE,
Town Clerk.
ERVIN
BONDS.
Sealed proposals will be received by the City
Treasurer, William N. Travis, of tlie City of
Stamford, Connecticut, until 12 o’clock M., on
the 29TH DAY OF FEBRUARY, 1907.
Bonds are of $1,000 denomination and bear
Interest at tHe rate of 4% per annum, payable
semi-annually at tHe Treasurer’s office in Stam¬
ford, Conn., and will mature In thirty years.
sponsible bank or trust company, drawn to the
order of the Treasurer of the Town of West New
York.
The deposit of the successful bidder will
be treated as a payment on account, or In case
he shall fail or neglect to take the bonds at the
date of delivery as above stated, will be retained
Detroit.
New York.
H. C.
Speer & Sons Co.
First Nat. Bank
Building, Chicago
COUNTY
AND TOWNSHIP
CITY
RONH^
CHICAGO
4
412
THE CHRONICLE.
Wampum, Pa.—Bonds Not Yet Sold.— This borough has
yet disposed of the $2,000 4% 30-\rear gold
electric-light
bonds described in V. 82,
p. 351.
Wapella, Sask.—Debenture Offering.—Proposals will be
received until 0 p. m. Feb. 18
by Thos. F. Terry, SecretaryTreasurer, for $4,000 ()% debentures. Maturity part yearly
on Dec. 1 for
Webster
not
twenty years.
Warrenton, Fauquier County, Va.—Bonds Not Sold.—No
disposition has yet been made of the 825,000 4% 20-30-year
(optional) coupon reservoir bonds mention of which was
made in V. <S3, p.
999.
Waseca County (P. O. Waseca), Minn.—Bond
Sale.—On
Jan. 15 this county awarded
820,000 5% ditch bonds to the
Peoples State Bank of Waseca. Denomination $500.
Date Jan. 15 1907.
Interest semi-annual.
Maturity 810,000 “on or before” Jan. 15 1917 arid
810,000 Jan! 15 1917,
subject to call after Jan. 15 1912.
Waterloo,
Iowa,.—Bond
Issue.—The
633 66 sewer bonds has been authorized.
to be taken by W. A.
Edgar, the
issuance of $24,These bonds are
contractor.
Watsonville School District
(P. O. Watsonville), Santa
Councy, Cal.—Bond Election.—Reports state that
steps are being taken to call an election to vote on the
Cruz
issuance of 830,000 school bonds.
Waynesboro, Burke County, Ga.—Bond Sale.—This
town
Jan. 25 awarded $24,000
water-works, $20,000 sewer and
$16,000 electric-light. 5% bonds to the
Robinson-Humphrey
Co. of Atlanta for $01,225
(102.041), interest and blank
bonds.
Denomination 8500.
Date Jan. 1 1907.
Interest
semi-annual.
Maturitv on Jan. 1 as follows: $2,500 in
j
1912,
$10,000 in 1927, $10,000 in
Webb (Town), Herkimer County, N. Y.—Bond
Sale.—This town has awarded the $6,000
bonds offered
on
5% gold coupon highway
Dec. 1 1906 (V. 83, p. 1191) to J. Howard
Marks of Herkimer for $6,055, the
price thus being 100.916.
Bonds are dated Dec. 1 1906.
Interest annually on May 1.
Maturity on May 1 as follows: 81,000 in 1907, $1,000 in 1908,
$2,000 in 1909 and $2,000 in 1910.
Groves, St. Louis County, Mo.— Bonds Voted.—
p. 292.
Interest semi-annual.
Proposals for these bonds
will be received until 8
p. m. March 4.
Edward S. Hart is
Mayor.
The official notice of this bond
offering will be found among
the advertisements elsewhere in this
Department.
West Palm Beach, Dade
County, Fla.—Bonds Not Sold.—
No bids were received on Feb. 5 for the
$7,500 5%
(optional) gold coupon street-improvement and 10-30-year
sewer-ex¬
tension bonds described in V.
84, p. 177.
Whitehall, Trempeleau County, Wis.—Bonds Voted
On Jan. 22 this city authorized the issuance
of $10,000
5%
village-hall bonds by a vote of 85 to 43. Maturity
$1,000
yearly,beginning in 1909. Date of sale not yet determined.
White Plains, N. Y.—Bond Sale.—On Feb. 11 the
885,000
4% 30-year water bonds described in V. 84, p. 237, were
awarded to W. J. Hayes & Sons of Cleveland at
par.
Worcester, Mass.—Temporary Loan.—The City Treasurer
lms negotiated a $50,000 loan with Blake
Bros. & Co. of
Boston at 4.81% discount and $1 premium.
Loan matures
—
Oct. 11 1907.
Wynnewood, Ind. Ter.—Bonds Voted—Bond Offering.—
The election Jan. 18 resulted in
a vote of 161 to 45
in favor
of issuing the $S,0()0 5%
20-year coupon water-works bonds
mentioned in V. 83, p. 1610..
Proposals for these securities
will be received until March 10 (this date falls on
Sunday,
but it is so given in the official
advertisement) by J. H.
Boozer, Recorder. Denomination $500. Date, day of sale.
Interest payable in New York.
Certified .check for $800,
payable to J. A. Lawrence, City Treasurer, is required.
Bonded debt, including this issue, $51,000.
Assessed valua¬
tion for 1906 (personal property
only), $663,433.
York, Pa.—Bond Election.—It is stated that the
Council has decided to call a special election to vote on City
the
question of issuing $350,000 paving bonds.
MISCELLANEOUS.
OFFICE
OF
NEW LOANS.
THE
FOR
ATLANTIC MUTUAL INSURANCE COMPANY.
New
T
<s,
Premium",
on
MARCH 4, 1907—20 YEARS
Further Particulars
WEBSTER GROVES,
Real
$330,437
123,301 85
"Losses paid during' the year which
and previous years
_
were
•£13 CAMP ST.,
estimated In 1003)
.
1
.009,224 32
$1 ,319,041 40
$107,170 37
130,190 74
237.307 31
DcnlriN In
Southern
.
$02,411 11
clerks' compensation, sta¬
tionary, newspapers, advertisements, etc
$344,008 27
The Company lias the following
Assets, viz.:
United Slates and State of New York
Stock, City, Bank antFother Securities.
Special deposits in Banks and Trust Companies
Real Estate corner Wall and William
Sts., and Exchange Place
$4,200,000 OO
Oilier Real Estate and claims due the
Company
73,000 00
.
.
.
.
ORLEANS, LA.
CAPITAL PAtD IN,
$600,000
$1,001,074 13
.
lTIiiiiieipal
Securities
and Real E*ialo loans.
.
salaries
Company
NKW
-
$300,817 14
_
Returns of Premiums.
Expenses, Including officers'
Estate, Mortgage &
Securities
$481,939 83
MISSOURI
New Orleans
1900
98
Iwjuirc of
EDWARD S. MART, Mayor,
082,101 08
,
SALE
$35,000 5% WATER BONDS
York, January 22d, 1907.
In conformity with the Charter of the
Company, submit the following statement of its affairs
on the Hist
of December, 1‘JUO.
Marino Risk", from 1 a
January, 1000, to 31st December, 1000
$3,100,241 07
December
J.XXXIV.
Bond Offering.—By a vote of 357 to 49 this town on Feb. 2
authorized the issuance of the
$35,000 5% 20-year watermain-extension bonds, mention of which was made in
V. 84
on
$5,000 in 1917, S7,500‘in
1922,
1932 and $25,000 in 1936.
|VOL.
and
.
...
....
Premium notes and
Cash in
hands of
countries
Cash In bank
Bills Receivable
European Bankers
to
pay
losses under policies payable In foreign
The South
$3,007,108 00
700,900 01
4,374,000 00
Aggregating
THE
1,191 .974 88
271,142 34
302.031 03
.
to-dag presents the promise of
industrial advancement
the greatest
$12,797,823 7.2
A dividend of Six per cent
Interest on the outstanding certificates of profits will be
paid to the
hold'Ts thereof, or their legal
representatives, on and after Tuesday the Fifth of February next.
The outstanding certiorates of the Issue
of IooI will in* redeemed and paid to the holders
thereof.
t.r their legal
representations, on and after Tuesday t lie fifth of February next, from which daw
ai! Interest thereon will cease.
The certiorates to be produced at the time of
payment, and canceled
A dividend of Forty per cent is declared
on the net earned
premiums of the Company for tin
year ending 3Jst December, mot;, for
which, upon application, certificates will be issued on and
after Tuesday the seventh of
Business
SOUTH.
Opportunities, Investment
Securities, Real Estate, Timber, Mint's,
Properties, Farm or Town
Mortgages in all parts of the South.
Industrial
METROPOLITAN INVESTMENT CO.,
CEO. n.
EDWARDS. President, Charleston. S. C..
Commercial and Financial Agent.
Business undertaken
In all parts of the world.
Satisfactory references.
May next.
By ordt” of
<i.
the
Board,
FLOYD-JONHS. Secretary.
STANTON
Atlantic Mutual Insurance
Company Scrip
of All Tears Bought and Sol
'l
Tit CSTFF.S.
GUSTAV A MS I NCR.
FRANCIS M. B VON,
JOHN N
BE.VH.
WILLIAM B
BO ELTON’.
VERNON H. BROWN.
WALDRON J'. BROWN,
JOSEI1 If If. CHAPMAN.
GEORGE C. CLARK
f LEV
EL A N I) II
DODGE.
CORN EL! CS HLRERT,
RICHARD 11. EWART,
HERBERT L. GRIGGS,
CLEMENT A. GKISCOM,
ANSON \V. HARD.
MORRIS K. .lESCR.
LEWIS CASS LED YARD,
FRANCIS II. LEGGETT,
CHARLES H L EVE RICH,
LL \ N HER N. LOVELL,
GEORGE H. MW.
CHARLES II. MARSHALL,
A
V
W.
II.
H.
MOORE,
NICHOLAS F. PALMER.
HENRY PARISH.
DALLAS B. PRATT,
GEORGE W. QCJNTARD,
A. A. RAVEN.
JOHN L. R1 K HR.
1)01 'G LAS
ROBINSON,
Gl' ST A V H.
SCHWAB.
WILLIAM A. STREET.
RWEN. rnsMtnt.
CORNKLM'S KLDERT. Vice President.
JAMES L
LIVINGSTON. ,,(t Vice President.
SANFORD E. COBB, 3d Vie,- President.
CHARLES E. FAY. Uh VUePnsldtnt.
'
JOHN M, GILLESPIE,
Room No. 518 Atlantic
49-51 Wall Street,
VICKERS
29 Wall
Building,
NEW
YORK.
<& PHELPS.
St., New York.
‘‘GUARANTEED
Descriptive List Sent
STOCKS”
On Application.
a
F.Lothrp
Capital and Surplus,
a General Trust and
Banking Business
Transacts
Interest Allowed
Acts
as
also
gages;
A
Nov.
Nov.
16,1904 $26,508,716 93
16, 1905
$27,292,163 67
16, 1906, $27,984,599 63
Nov.
The f roof of liood Service
Transacts
Winslow.
Acts
U1IHLAUB, Vice-President.
WILLIAM R. DAWES, Cashier.
L. D. SKINNER, Asst. Cashier.
MALCOLM McDOWELL, Asst Secretary*
SAVINGS
$1,000 000
ADAM A. STULL, President.
HENRY G. DRENGLE. 1st V ee-Pres. ft Treasurer.
JOS. S. CLARK, 2d Ylce-Pres., Superv’g Trust Dept,
i HAS. P. LINEAWEAV Elt, See. A Asst.
Trust Officer
ns
Executor, Trustee,
Registrar, Etc.
Becomes Surety.
Complete Set of Safe Deposit
Interest on DepositsVaults
http://fraser.stlouisfed.org/
CTmampjiMP
Federal Reserve Bank of St. Louis
other
Lucius Tuttle.
Charles W. Whittier.
$1,000 000
2,000 00J
to
act
as
and
executor
to
money or property in trust or on
receive
and
deposit rrora
Court* ot Law or Equity, Executors. Administrators.
Assignees,
Guardians.
Trustees,
Corporation^
anu
Individuals.
Also acts as Trustee under Mortgages and as Transfer
Agent and Registrar of Stocks and Bonds.
Interest Allowed on Deposits Subject to Check.
OFFICERS.
DAVID R. WHITNEY, President.
CHARLES H. DALTON, Vice-President.
CHARLES F CHOATE. Vice-President.
FRANKLIN HAVEN, Vice-President.
JAMES K. HOOPER, Actuary.
HENRY N. MARK, Secretar
FRED K W. ALLEN, Asst.-ee-ATreas
THOMAS E. EATON, Asst. Treasurer
FRANCIS U. JEWETT. Crust Officer
$1,000 000
.
2,000 000
BOARD OF DIRECTORS
WUliam Endleott, Chairman.
Frederick P. Fish.
Walter C. Baynes,
Morns Gray.
Alfred Bowditch,
Charles F. Choate,
Franklin liaven.
James 11. Hooper.
Alexander Cochrane,
James Nl. Premiergast,
Edmund D Cod man,
f. Jefferson Cooudge.
George S. Susbee,
Lawrence M. Mocktoo.
Charles H. Dalton.
Nathaniel Thayer,
George Dexter.
Ph'llp Dexter,
George Wigglesworth.
David R. Wnitnev.
William t-arn“W(vth.
Maryland Trust Co*
BALTIMORE.
run OOO
•
GENERAL
FINANCIAL
AND
FIDUCIARY
BUSINESS TRANSACTED
DIRECTORS
OFFICERS
JULIUS S. WALSH, Chairman ot the Board
BRECKINRIDGE JONES. President
JOHN D. DAVIS, Vice-President
SAMUEL E. HOFFMAN. Vice-Prcsident
JAMES E. BROCK, Secretary
HUGH R. LYLE, Asst. Secretary
HENRY C 1BBOTSON. Asst. Secretary
C. HUNT TURN FIR Jr., Asst. Secretary
FREDERICK VIERL1NG, Trust Officer
HENRY SEMPLE AMES,
Asst. Trust Officer
CHARLES M. POLK. Asst Trust Officer
WILLIAM G. LACKEY. Bond Officer
WM. McC. MARTIN. Asst. Bond Officer
TOM W. BENNETT, Real Estate Officer
C. W. MO RATH, Safe Deposit Officer
v
?d,
Philip L. Saltonstall,
Nathaniel Thayer,
BOSTON, MASS.
Administrator and trustee.
_
$2-000,000
CAPITAL,
DIRECTORS
Joslah L. Blackwell,
Grier Hersh,
G. Clymer Brooke,
Ernest Hoen Jr.,
H. Carroll Brown,
George C. Jenkins,
John VV. Castles.
Joshua Levering,
Joseph R. Foard,
B. Howell Griswold Jr.,
A. Barton Hepburn,
John T.
„
Hill,
Oscar G. Murray,
Henry F. Shoemaker,
James Speyer,
Douglas M. Wylie.
OFFICERS
GRIER
President
HERSH
ALLAN Me LAN E
Vice-President
L. S. ZIMMERMAN
Secretary
CARROLL VAN NESS
Treasurer
JERVIS SPENCER Jr._. Asst. Treasure
Asst. Secretary
IVAN SKINNER
THE AUDIT COMPANY
Wisconsin Trust Co,
OF ILLINOIS,
MILWAUKEE.
1137 First National Bank
Capita',
Surplus,
Transacts
$500,000
100.000
----a
General Trust Co Business
Buys and Selis
High Grade Investment Bonds.
Frank Samuel.
Acts
and
R. J. O’Reilly. MD
D. R. Francis
John I
II. Clay Pierce
Wilbur F. Boyle August Gehner
J. Ramsey Jr
S. E Hoffman
James E. Brock
Murray Carieton Chas. H. Huttlg James E. Smith
Breckln’ge Jones Robt.H. Stockton
Charles Clark
Horatio N. Davis Nelson W.McLeod Julius S. Walsh
Saunders Norvell Roila Weds
John D. Davis
Aug B- Ewing
Win D. Orthwein
Levering Jones,
Malcolm I.loyil,
Adam A. Stull,
Edward D. Poland,
Joseph R. Walnwrlght,
William 1). Wlnsor.
Railroad
CAPITAL, SURPLUS
- \®q
and PRUb'l TS
DIRECTOR*.
John Mellhenny,
Richard Wain Melrs,
('lenient B. New bold,
John W. Pepper.
Wi ham F. Read,
under
Richard Gluey,
Robert J. Paine,
The NEW ENGLAND
TRUST COMPANY,
FOURTH & PINE STS., ST. LOUIS
AND TRUST
Philadelphia.
Deposits Subject to Check
Chairman.
...
-
Henry S. Howe,
Walter Hunnewell,
Thomas HLiverniore,
Charles >. .*» elleu.
George v. L. Meyer,
Laurence Minot,
-Stephen M. Weld,
Reginald Foster,
George P Gardner,
Robert F. Herrick,
MISSISSIPPI VALLEY
TRUST CO.
TheTrust Company of
North America
503-505-507 Chestnut St..
and
G. E. GOODSPEED, Treasurer.
W. L. WHITNEY, Asst. Treasurer.
HENRY A. FENN, Sec. & Mgr. Safe D.D’t.
H. D. HEATHFIELD, Assistant Sec.
F. J. BURRAGE, Assistant Secretary.
DEPARTMENTS.
CAPITAL
Trust
J AMISS LONGLEY, Vice-President.
WILLIAM C. WILLIAMS, Vlce-Prcs’t.
A
.
Eben S. Draper,
Frederick P. Fish,
hold
CHARLES E. ROGERSON, President.
Eugene V. R. Thayer. '
Charles W. Whittier,
A.
on
Capital - ~ =
Surplus (Earned)
Jr. R. Paul Snelling,
Frank W. Stearns,
$2,000,000
500,000
Plulip Dexter,
Authorized
MASS
General
a
Trustee
as
Guardian
Royal Robbins,
Henry A. Reuter,
-
BOARD OF DIRECTORS:
T. Jefferson Coolidqe Jk.,
Gordon Abbott,
Oliver Ames.
C. W. Amory,
Charles F. Ayer,
Samuel Carr,
B. P. Cheney,
T. Jefferson Coolldge,
Charles E. Cotting,
CAPITAL.
SURPLUS.
Company
Mortgages and is authorized to act as Executor
P. L. Saltonstall.
CHARLES G. DAWES. President.
W
IRVING OSBORNE. Vice-President.
_
Quincy A. Shaw Jr..
Nathaniel Thayer,
Henry O. Underwood.
W. Seward Webb.
Banking Business.
S. E. Peabody,
Francis Peabody Jr.,
Capital,
Surplus,
JoM*j)!t ('. Fraley,
llarr.v »Francis,
Henry E. Gaw. Jr.,
Howard s. Graham,
Samuel E. Houston,
Trustee.
Safe Deposit
Interest Allowed
John S. Lawrence
Lester Leland,
CHICAGO
lOekley B. Coxe Jr..
and
DIRECTORS.
BOSTON
ILLINOIS,
Edwin S. Dixon,
Eugene L. Ellison,
ministrator
Trust
TRUST COMPANY
Henry G. Brengle.
Stock-
A GENERAL
BANKING
BUSINESS.
ALLOWS INTEREST ON
DAILY
BALANCES
SUBJECT TO
TRUSTEE
UNDER
CHECK.
MORTGAG¬
TRANSFER
ES.
AGENT.
REGISTRAR.
TRANSACTS
AND
CENTRAL
James Crosby Brown,
John Oulwaliider,
10. \V. Clark Jr..
Transfer of
Boston
Eugene N. Foss,
T. JEFFERSON COOLIDGE Jr., President.
CHARLES L, BURRILL, Vlcc-Prest. & Treas.
J. H. PERKINS, Vice-President.
C. H. BOWEN, Secretary.
E. A. COFFIN, Asst. Treasurer.
W.
Sec.
G,
AURYANSEN.
Asst.
BANKING,
and
legal Depositary for Court Funds, and author¬
ized to act as Executor, Guardian, Ad¬
| Wllmot R. Evans.
Frederick P. Fish,
Robert F. Herrick.
Francis L. Hlgglnson,
Sidney W
BOSTON, MASS.
CAPITAL
$1,000,000
SIKPLIS (Earned) $1,500,000
Transacts a General Banking and Trust
Company Business. Interest allowed -on Deposits Subject to Check.
Trustee under Mortgages, Transfer Agent, and
Registrar.
BOARD OF DIRECTORS:
N. \V. Jordan, Chairman.
C. F. Adams lid,
William A. Gaston,
Rodolphe L. Agassiz,
Elmer P. Howe,
John
Lawrence,
F, Lothrop Ames,
OF
Agent for the Registering
as
PHILIP STOCKTON, President.
Charles F. Adams 2d.
Henry C. Jackson,
Orlando H. Alford,
George E. Keith,
Gardiner M. Lane.
Ames.
Arthur Lyman,
John S. Bartlett,
T. Jellerson Coolldge Jr., Maxwell Norman.
Robert T. Paine 2d.
j Charles E. Cotting,
Andrew VV. Preston
Alvah Crocker,
Rlcbard S. Russell
Livingston Cushing,
i George A. Draper,
Howard Stockton.
i William F. Draper.
Charles A. Stone,
COMPANY,
Hobart Ames,
Edwin F. Atkins.
Frederick Ayer,
Charles S. Bird,
A. G. Bullock,
Samuel Carr,
Gilmer Clapp,
T. Jefferson Coolldge
Gordon Dexter,
William R. Driver.
F. C. Duinalne,
Deposits Subject to Check-
is Constant Growth
AMERICAN
TRUST
on
Trustee under Railroad and other Mort¬
$7,000,000
-
OFFICERS.
OLIVER C. FULLER. President.
FREDERICK HASTEN, V ice-Pre-Went
GARDNER p. stickNey
Treasurer.
FRED C
BEST Secretary
R. L. SMITH, A-vSecretary
,
.
Building,
CHICAGO.
Accountants and Auditors.
Public
C. W. KNISELY
C. P. A.
President—Manager.
Special Audits for Corporations.
Physical
and En¬
lakes entire charge of accounts for
Regular and
Firms and Individuals, Financial and
Examinations by experienced Auditors
gineers.
Guardians,
trustees,
Executors
and
Receivers.
f
'3
THE CHRONICLE
XX
[Yol.
lxxxiy,
gntsl ©orapantes.
Union Trust
Guaranty Trust Company
OF NEW YORK
28 Nassau Street
33 Lombard
80
St., E.C.
CAPITAL,
91,000,000 00
...
SUJttPLUS,
-
$8,092,662 44
-
-
AUTHORISED TO ACT AS
Executor, Administrator, Quardian
Surplus, $5,500,000
Capital, $2,000,000
Broadway, New fork.
Branch: 425 Fifth Ave., eor. 88th St.
LONDON
NEW YORK
CompanyJ
OF NEW YORK
Receiver
or
Trustee
AND 18
INTEREST PAID ON CHECK ACCOUNTS AND ON CERTIFICATES OF DEPOSIT.
List of
Allows Interest
Receives
JOHN W. CASTLES, President.
ALEXANDER J.HEMPHILL.Vice-President
MAX MAY, Manager Foreign Department.
E. C. HEBBARI), Secretary.
R. C. NEWTON. Trust Officer.
Edward King,
R. T Wilson,
Charles H. Lei and.
H Van R. Kennedy
W Emlen Roosevelt.
J s 1. Woodward.
Augustus W. Kelley,
N. Parker .Shortridge.
Harrison E. Gawtry,
Alexander Maitland.
WM. C. EDWARDS, Treasurer.
F. C. HARRIM A N. Aggiarant Treasurer.
R. W. SPE1R, Manager Bond Depertinent
Foreign Drafts.
Manhattan
Co., New York.
JOHN F. THOMPSON,
Pres. Chase Nat. Bank, N. Y.
Vice-President.
THOMAS W. LAMONT,
SAMUEL G. BAYNE,
GILBERT G. THORNE,
2d Vice-President.
Pres. Seaboard Nat. Bank, N Y.
JAMES G. CANNON,
Vice-Pres. Fourth Nat. Bk. N Y
Blair St Co., Bankers, New York.
President.
GEO. W. PERKINS,
HENRY P. DAVISON
J. P. Morgan St Co*
ALBERT H. WIGGIN,
B’kers, N.Y.
Vice-Pres. Chase
New York.
WILLIAM H. PORTER,
Vice-Pres. First Nat. Bank, N Y
JAMES H. ECK
Pres. Chemical Nat. Bank, N. Y.
LS.
Pres. Gallatin Nat.
Vice-Pres. Liberty Nat. B’k, N.Y.
WALTER E. FREW,
EDWARD F. SWINNEY,
Vice-Pres. <-orn Exchange Bank
New York.
Executor, Administrator and Guardian
Transfer and Fiscal Agent t and as Trustee
ALLOWS
J. F. THOMPSON
INTEREST
t
Pres. 1st Nat. Bank. Jersey City
UPON
-
T. W. LAMONT
2d ticx-prebidhnt
*
B. STRONG JR.
PRESIDENT
TREASURER
H. W. DONOVAN
SECRETARY
F. N. B. CLOSE
ASSISTANT TREASURER
ASSISTANT TRUST OFFICER
UNITED STATES
MORTGAGE & TRUST COMPANY
55 Cedar Street
cor.
NASSAU, NEW YORK.
Capital, Surplus and Undivided Profits,
$3,000,000.
OFFICERS!
JOHN L WAT-ERBURY, President
JOHN KEAN,
l YieeAMOS TUCK FRENCH, f Presidents.
W. N. DUANE, Vice-President.
The Manhattan Trust Company receives deposits
bearing Interest and subject to cheque, payable
through the Mew York Clearing House,
DEPOSITS.
E. C. CONVERSE
D. E. POMEROY
Bank, N.Y.
Assignee and Receiver i Registrar.
for individuals and corporations.
APPirPPQ
vrnvcno.
vics-pkjgsidknt
Bank
EDWARD F. C. YOUNG,
Pres. 1st Nat. B’k, Kansas City.
as
Nat.
SAMUEL WOOLVERTON,
DANIEL G. REID,
Pres. Com. Nat. Bans, Chicago.
MALL ST.
Pres.ImporteiB’ & Traders’ Nat.
Bank, N. Y.
EDGAR L. MARSTON,
EDMUND C. CONVERSE,
Secretaries
TRUST CO.,
EDWARD TOWNSEND,
Pres. Mechanics’ Nat. B’k, N. Y
4th Vice-President
Trust uffljer.
MANHATTAN
Vice-Pres. Nat. Park Bank. N.Y.
GATES W. McGARRAH,
Walter P. Bliss.
Frederick deP. Foster
ELM. POPHAM,
i
T.W. H ART8H0RNB, r Assistant
H. M. MYRRK,
>
Surplus $500,000
Undivided Profits, $777,673
Bank of the
Amory 8. Car hart,
C C. RAWLINGS,
Capital $ 1,000,000
STEPHEN BAKER,
James Henry Smith,
Charles H. Tweed,
James Speyer.
Robert W. uoelet,
William Woodward,
Alex Smith Cochran,
John V. B Thayer.
E. R. MERRITT,
Street, New York.
DIRECTORS.
A.BARTON HEPBURN,
Deposits,
on
EDWARD KING. President.
AUGUSTUS W. KELLEY, Vice-President.
J. V. B. THAYER. Vice Pre-t A ‘■'eoretary.
BANK€RS TRUST
COMPANY
7 Wall
FOR MONE*.
Securities lor Safe Keeping and
Collection of Income.
TRUSTEES
,
GEORGE GARR. HENRY, Vice-President.
Issues Travelers’ Letters of Credit and
Acta
LEGAL DEPOSITARY
Carefully Selected Securities for Investment Mailed upon Application
OFFICERSt
Pres.
A
NEW YORK
73d Street and B
way
Francis K.
DIRECTORS.
James
Appleton.
J. Hill.
Robert Bacon.
John Kean.
George F. Baker.
John J. Mitchell.
August Belmont.
Walter P. Bliss.
Oliver 11. Payne.
E. D. Randolph
H. W. Cannon.
Grant B.
R. J. Cross.
8. L. Schoonmaker.
Rudulpb Ellis,
John 1. Waterbary
Amos Tuck French
R. T
Schley.
Wilson.
Girard Trust Company,
CAPITAL and SURPLUS, $10,000,000.
CH A RTTH.gr) 18»d.
Acts
Capital and Surplus
Undivided Profits
Assets over
.
.
$6,000,000
.
.
.
.
.
attention
given all
branches
838,000
40,000,000
.
Trust
and
Executor, Administrator, Trustee,
Assignee and Receiver,
Financial Agent ior Individuals or
Corporations.
on Individual and
Corporation Accounts.
Acts as Trustee ot Corporation Mortgages.
Depositary under Flans ot Reorganization.
Registrar and Transfer Agent.
Assumes entire charge ol Real Estate.
Hales to Rent In Horglar-Prool Vaults
Interest Allowed
GEORGE M. GUMMING. Present
Careful
as
Banking Business
E. is. Moiir18, President.
W. N. ELY, 1st Vice-President..
A. A. Jackson. Sid Vice-President.
C, J. Rhoads, 8d Vice-Pres. and Treasurer.
Edward 8. Pack, Secretary.
ONE PIECE OF PAPER GOOD THE WORLD OVER
The standard,
Are You
uniform Money Order of the
Bankers’ Money Order Association is now a
familiar feature of American banking. This
is the only system at the service of banks
a
Money Order
absolutely Free of Charge, Orders oan be
issued payable at any point in the United
States, Canada, Mexico, Cuba, Europe, Asia,
Bank?
charges
North Africa and Australia.
Tne most
flexible medium of exchange in use. All
own
WHITE
HUH
you
BkIMUc.
Francis i. Go wen.
Geo. 11. McFadden,
Henry Tatnall,
Isaac li. Clothier.
Tiios. lieWitt Cuyler.
< 'harles K. ingersoll.
John Htory Jenks Jr.
Henrv B. Coze Jr.
E. C. Felton
N, K. Oor.j,Ktroad and Chestnut Streets,
I*II I LA D IS Li 1*111 A.
are your
profit,
INVESTORS READ
PARTICULARS
BANKER8' MONEY ORDER
Bank «f Dlaotat
make to thb publio
MANAGERS!
0. Hartman Kuhn
Effilngnam is. Morris,
Jnmes Hpeyer,
John A. Brown Jr.,
Augustus b. Juilliard.
Benjamin W. Richards,
Edward J. Berwlnd,
John li. Garrett,
Randal Morgan,
William li. Jenks,
Edw. T. Stotesbury,
William H. Gaw,
TO
THE
A88OCIATION,
:j 13-313 We.l Stttb Hire,.. Mew York
The Wall Street Journal.
That's why It pays advertisers*
DOW, JONES 4 CO.,
Publishers,
u broad err., new yore
f—'|
JbEB. 16 1907
||I<T~
THE CHRONICLE.
XXI
Srost ©ompautes.
Bowling Green Trust Co*
BROADWAY*
26
incorporated 1853.
NEW 1YORK.
MM States Trust Company of lew M,
Capital, $1,000*000 Surplus, $3,000,000
OFFICERS:
45 and 47 Wall Street.
EDWIN GOULD,
.
President
WILLIAM H. IAYL0E,
1st Vice-President
CAPITAL
fHAS. P. ARMSTRONG,
2d Vice-President
JOHN A. HILTON, 3d Vice-Pres. and Treas. SURPLUS
WILLIAM M. LAWS,
,
Secretary
.
.
AND
UNDIVIDED
$2,000 000
$12 801,046
PROFITS,
.
DIRECTORS:
Charles P. Armstrong,
Frank Brainard,
Harry Bronner,
Jkankkn Q. Brown,
Robert C. dowry,
Bdmund C. Converse,
Wm. Nelson Cromwell,
Grenville M. Dodge,
A.
John A. Hilton,
EDWARD W.
D. WILLIS
Myron T. Herriok,
Edward T. Jeffery,
William Willis Merrill,
Winslow S. Pieree,
Dick 8. Ramsay,
WILLIAM M.
HENRY E. AHERN, Secretary
CHAS A. EDWARD8, 2d Atst. Secretary
Goepel,
John P.
E. F. C.
Truesdell,
Young.
Rhode Island Hospital
Trust Company,
PROVIDENCE R. I.
CAPITAL,
SURPLUS EARNING#
UNDIVIDED PROFIT#
Royal C. Taft,
Robert
#1,000,000
#1,500,000
304,000
DIRECTORS:
Rowland G. Hazard,
Ne,son W. Aldrich,
Samuel R. Dorrance,
H. L Goddard,
Geo. W. R. Matteson,
William D. Ely,
Robert I. Gammell,
William Binney,
William B. Weeden,
Edward D. Pearce,
Robert Knight,
John W. Danielson,
Herbert J. Wells,
John C. Pegram,
Howard O. Sturgee,
Stephen O. Metcalf,
Walter R. Callender,
Gilbert A. Phillips,
Edward Holbrook,
James E. Sullivan,
Benjamin M. Jackson,
John R. Freeman,
Charles S. Mellen.
Robert W. Taft.
Lyman B. God,
HERBERT J. WELL8, President.
EDWARD S. CLARK, Vice-President.
HORATIO A. HUNT, Vice-President.
WILLIAM A. GAM WELL. Secretary.
PRESTON H. GARDNER, Trust Officer.
CYRUS K. LAPH AM, Asst. Sec’y.
JOHN E. WILLIAMS, Asst. Seo’y.
HENRY L.8LADKR, Asst. Hec’y.
WALTER Q. BROWN, Asst. Sec’y.
Colonial Trust Company
solicits the accounts of corporations, firms and
invites correspondence or personal interviews.
Interest allowed on daily balances, which are
at
sight
Certificates of
St. Paul
INCORPORATED
ENGINEERS,
DESIGN,
CONSTRUCT AND
RAILWAY
OPERATE
LIGHT, POWER,
HYDRAULIC AND
GAS PLANTS.
RICHARD DELAFIELD,
CORD MEYER,
JAMES W. TAPPIN,
PHILIP 8. BABCOCK.
xo*ERBOc*
4“
*
TRUST CO.
The American Mfg. Co.
MANILA SISAL AND JUTE
34TH 8T. A FIFTH AVE.
No. 100 WEST 1A5TH STREET.
THIRD AVENUE A 14STH STREET.
1HARLES T. BARNEY, President.
FRED’K L KLDR1DGE, 1st Vloe-Presldent.
JOSEPH T. BROWN,ad Vice-President.
B. L. ALLEN, 8d Vloe-Presldent.
WILLIAM TURNBULL. 4th V.-Pre
cRBD’K GORE KING, Sec. and Treas.
J. McLEAN WALTON, Asst. Secretary.
HARRIS A. DUNN, Asst. Treasure'
TRUST DEPARTMENT:
WILLIAM B. RANDALL, Trust Officer
CORDAGE.
65
Wall
8treetf
ORGANIZED 1807.
PHILADELPHIA.
York.
%
BRONX BRANCH:
JOHN BAM BEY Manager.
FINANCIAL REVIEW
ANNUAL.
A
Year
Book
of
Commercial
fc
For Flue
Correspondence
and for General Business Uses
Statistics.
Financial
Chronicle,
76^ Plue St.. New York.
are
standard, mails in Ledger, Bond,
Linen and Fine Writing in variety.
Bound In Cloth, #*J.
NEW YORK:
48 Cedar Street
New
Whiting Papers
W. F. LEWIS, Manager.
Building., CHICAGO
The audit company
of New York.
$3,100,000
EDMUND L. JUDSON, Secy. & Treasurer.
JOSEPH N. BABCOCK, Trust Ottoer.
ROBERT L. SMITH, Asst. Secretary
V ice- President*.
HARLEM BRANCH:
Trust
-
JOHN E. BORNE, President.
Examinations and Reports.
American
subject to check
Building, 222 Broadway, New York.
No. tttt BROADWAY,
Byllesby & Co«
individuals, and
Deposit (time and demand) issued.
Capital, Surplus and Undivided Profits,
^ugitiejers.
H. M.
JAMES, Vice-President
JOHN A. 8TEWART, Chairman of the Board of Trustees.
Frederick B. Sohenok,
Androw Squire,
William H. Taylor,
Edward R. Thomas,
Bdwin Gould,
Frank J. Gould,
George J. Gould,
•
WILFRED
SHELDON, President
KINGSLEY, Second Vics-Pres.
J. WORCESTER, lift Secretary
WHITING
New York.
PAPER
Philadelphia.
CO..
Chicago.
Mills: Holyoke. Muss.
CHldAiR
NSW ENGLAND OFFICE: *
Easton Bldg.,' 15 Stale #t.. BOSTON.
AUGUST BELMONT,
Acting President.
WILLIAM A. NASH.
JOHN J. MITCH HL
GEORGE W. YOUNG.
Vloe-l’resldent*.
EDWARD T. VKRINE, Gen’i Mgr. and Treas.
F. C. RICH A RDSON, Assistant Treasurer.
This
and
BARROW, WADE, GUTHRIE & CO
CERTIFIED PUBLIC ACCOUNTANTS.
(New York and Illinois.)
Company AudMs and Investigates Account:
Physical Examinations of Properties
makes
Its Certificates and Reports are Prepared in behall
of Merchants, Bankers. Corporations. Committee!
others. In strict confidence. The Company alf<
Devlsea and Install* Monev-Having Systems o
NEW YORK,
and
ReeolnL>
Broad
Aceoniii.
Exchange Building,
26 Broad Street.
William D. Marks, Ph.B.C.E
Consulting Engineer and Statistician.
QA8 WORKS.
ELECTRIC LIGHT WORKS,
ELECTRIC RAILWAYS, OIL MOTOR CARS.
Mark
ItowllMu..
-
Nsw
CHICAGO,
SAN
Royal Insurance Building.
FRANCISCO,
617 Market Street.
NEW
LONDON, ENGLAND,
IS St.
Su/ithin's
ORLEANSt
Hibernia Bank
Lane, E. C., Cable, “Adorjest.'
Bldg.
VOL.
THE CHRONICLE.
XXII
WOODWARD
& STILLMAN,
BANKERS
NEW YORK
OF ALL
8PINNER8.
William Street, New York.
Orders for Future Delivery
Execute
COTTON
the New
Liverpool and New Orleans
Also orders for
York,
Cotton Exchanges.
lOFFEE
York Codee Exchange
At the New
HIGH-GRADE INDUSTRIAL BONDS.
CHICAGO REAL ESTATE BONDS.
CORPORATION l RAILROAD BONDS.
GRAIN AND PROVISIONS
at tde Chicago Board ot Trade and
{New York Stock Exchange.
Coffee Exchange.
New York
Chicago Stock Exchange.
Chicago Board of Trade.
IN
DEALERS
SECURITIES.
INVESTMENT
PEABODY, H0U6HTELING & CO.
Hubbard Bros. & Co.,
COFFEE
CIRCULARS.
SEND FOR
GRAIN AND COTTON-SEED OIL
At the New York Produce Exchange
Broadway
NEW YORK.
CHICAGO.
1856.
COMMISSION
At
71
226 La Salle St,
& Co., CHICAGO CITY. MORTGAGES.
Henry Hentz
MERCHANTS.
16 to 2*2
BROKERS,
BANKERS AND
RAILROAD BONDS
EGYPTIAN AND AMERICAN COTTON
GRADES fcCITABLE TO WANTS OF
Established in
COMPANY,
&
ST.
37 PINE
SALLE ST.
CHICAGO
220 LA
22 WILLIAM STREET.
NEW YORK.
16 to
GRANGER
FARWELL
IpVERSZ & COMBVNY
MERCHANTS
COTTON
financial.
financial.
©0ti0tt.
LXXXIV.j
230 First
National Bank Bldg.,
CHICAGO.
EXCHANGE BUILDING,
HANOVER SQUARE.
Established
1866.,
NEW YORK,
MERCHANTS.
COTTON
BAN SEES AND
Cotton
Liberal Advances Made on
Consignment*.
Rotunda,
Hopkins, Dwight & Co.,
& Co.,
Edwin L. Lobdell
BROKERS,
Bldg;., Chicago.
Rookery
( New York Stock Kxchange,
Members ■< Chicago Stock Exchange,
(Chicago Board of
and
COTTON-SEED OIL.
COMMISSION MERCHANTS.
Room 52. Colton
NIIW
Exchange Building.
Members of New
La.
Building.
Mills
William Street, New
15 Broad St.
INMAN
Cotton
markets.
Siegfr. Gruner & Co.,
CO.,
&
merchants,
l
AUGUSTA, GA..
Building, NEW YORK.
Milk (Street, BOSTON, MASH.
Exchange
Cotton
141
MERCHANTS
INMAN St CO
Bremen Correspondents,
Street,
17 South William
»
Smith & Co.,
Mason
COTTON COMMISSION
MERCHANTS,
Borers of Spot Cotton.
cuted in the New
Lord’s Court Building,
YORK
DALLAS, TEX.
Orders for Contract* Exe¬
Orleans, New York,
(NEW YORK COTTON EXCHANGE
Members (NEW ORLEANS COTTON
| NEW YORK COFFEE EXCHANGE
ILIVERPOOL COTTON
ASSOCIATION
above Exchanges
Future Delivery Orders Executed on
Liberal Advances Made on Cot'op
Consignments
Liverpool and Havre Markets.
SUCCESSORS TO
COMMISSON MERCHANTS,
43 Cotton Exchange,
New York.
Orders for future delivery contracts executed on
the New York and Liverpool Cotton Exchanges.
CO.,
R. H. ROUNTREE &
Commission Merchants.
Cotton, Grain, Provisions and Coffee,
cotton exchange building,
NEW
YORK.
ORDERS FOR
TED IN NEW
CHANGES.
Street, New York.
FUTURE DELIVERY EXECU¬
YOKE AND LIVERPOOL EX¬
COTTON PURCHASED FOR
Xcw Orleans.
Liberal advances
SPINNERS' USE
made on Cotton
COTTON BROKERS.
Exchange Bldg.,
& HAYNE,
knuik B. Bayne (in Corn mend tan
Cation Brokers,
EXCHANGE BUILDING,
COTTON
NEW ORLEANS,
LA.
TURK DELI VERY EX ECU'! Jc. i.
NEW ORLEANS, NEW YORK AND
LIVERPOOL MARKETS.
OB DEES FOR
IN
)
.
New York.
Street
Members of the
New York Stock
Exchange.
Grain.
Bonds, Stocks, Ootton,
BROTHERS & CO.,
DICK
MERCHANTS,
-
BROKERS,
BANKERS AND
York.
30 Broad St.,
New
Members ot N.Y. and Philadelphia stock Lxchanges,
New York. New Orleans ana Liverpool Cotton
exchangee, New York Gottoe Exchange
and Chicago Board ot Trade.
©ottott.
82-92
Boston
New York.
theodor* li
Weld & Co.,
MERCHANTS,
Beaver Street, - New York City,
COTTON
Correspondents, 8. M. Weld
Price,
.sy>ncial t'ortner
Quentell,
Coats & Co.,
COTTON BROKER*,
S'l Beaver Hired,
New York,
Members N.Y. Cotton I change.
Associate hi embers Liverpool * otton Association.
89
& Co.,
Boston, Mass.
Liverpool Correspondents, Wkt.d & Co.
Bremen CorrosiHindeuts, Aldkeciit, Weld
GWATHMEY Sc CO.,
Win. P.Queuteli.
K R. Uoatb-
HAVEN & CLEMENT,
Street, corner Wall
1 Nassau
State 8t.,
-
EXCHANGE.
CLEMENT & SMITH,
Aller, Stephen M.
Member* of N. Y. and New Orican Ootton Exchanges
and Llverp<*>4 Cotton Association.
COTTON
New York.
-
feTOCK
NEW YORK
consignment;*.
Chapman, Selter &
49 Cotton Exchange,
SMITH
96 Broadwav,
New Orleans
Orders for future delivery executed In
New York and Liverpool.
Cotton
ROBERT MOORE & CO.,
56 Beaver
Lehman, Stern & Co.,Lt(1COTTON FACTORS and
COPELAND A CO„
COTTON HUOKISKS,
GKO.
BROKERS,
BANKERS AND
York.
LEHMAN BROS., New
WILLIAM RAY & CO.,
& SONS)
W. T. HATCH
Successors to
Merchants.
EXCHANGE
NEW ORLEANS, LA.
MEMPHIS, TENS.
CO,,
27 William Street.
NEW
Tel. No. 1018 Broad.
Cotton
Established 1808.1
MEMBERS OF
W. R. CRAIG &
YOliK,
NEW
Exchanges
(Cottou.
ANI)
COTTON
York and Boston Stock
York.
CoQee
York.
Exchanges, as well in
Members or the. Stock, Cotton,
anti Lroauct Exckantjts, A etc
Orders executed on the above
New Orleans. Chicago and loreign
-
Investments.
Higfh-Grade
York Stock
Member* New
LEHMAN BROS.,
No*. 10-22
BOSTON, MASS.
Trade.
Bishop, LaimbeerExchange.
& Co.
YORK,
Co. Limited, New Orleans,
Lehman, stern a
BANKERS.
New York.
80 Broadway,
COTTON.
PRINCE & CO.,
F. H.
Geo. H.
db Co.
McFadden & Bro.,
COTTON
M
ERCIIANTS,
NEW YORK.
PHILADELPHIA.
Liverpool
Correspondents:
F UK I)
Bremen Correhpondenth:
McFADDKN
IIAVUK COIUIKSPONDENT8:
U/vA*
I a) I
>«
ii.ti.rn A
.
* CO.
ICK1C ZKREGA
Ca
iix*
.
„
__
BROTHERS & CO.
w
•<
t
a Li Y
niff
@FedFRASER