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The
uIu1nIrc
Bank & Quotation Section
Railway Earnings Section
INCLUDING
Railway & Industrial Section
Bankers' Convention Section
Electric Railway Section
State and City Section
SATURDAY, FEBRUARY 17 1912
VOL. 94
Txt Tixtanitte.
PUBLISHED WEEKLY.
Terms of Subscription-Payable in Advance
NO. 2434
Week ending February 10.
Clearings at
1912.
1911.
Inc. or
Dec.
1910.
1909.
Chicago
275,359,507 253,960,966 +8.4 215,942,206 217,999,860
Cincinnati
22,872,950
24,720,200 -7.5
23,119,300
24,375,950
Cleveland
19,216,458
17,972,763 +6.9
17,686,583
12,334,681
Detroit
17,662.666
15,509,560 +13.9
12,050,597
13,154,003
Milwaukee
15,172,974
14,638,905 +3.3
10,579.681
13,380,469
IndianapolLs
7,678,909
7,960,146 -3.5
6,084,702
7,203,391
Columbus
7,096,500
5,599,700 +26.7
6,049,200
4,354,600
4,443,804
Toledo
4,120,783 +7.8
3,896,397
4,548,686
3,284,355
Peoria
3,301,919 -0.5
2,968,487
2,456,965
2,569,457
Grand Rapids_ __
2,449,319 +4.9
2,192,894
2,237,545
2,144,956
Dayton
2,190,500 -2.1
1,688,321
2,137,107
2,018,641
Evansville ___
2,342,645 -13.8
1,806,802
2,093,826
738,290
704,728 +4.8
Kalamazoo .__
681,387
554,900'
Springfield, Ill
1,246,729
1,023,569 +21.8
1,053,598
1,056,606
Terms of Advertisind-Per Inch Space
995,566 +13.8
1,132,934
Fort Wayne...
834,370
628,698
Transient matter per inch space(14 agate lines)
$4 20 Akron
812,000 +47.7
1,199,000
855,800
575,000
Two Months
(8 times)
22 00 Lexington
1,350,512
1,246,730 +8.3
742,807
547,529
Three Months (13 times)
29 00 Youngstown __
+8.7
1,228,874
749,802
Standing Business Cards
1,336,177
1,064,005
Six Months
(26 times)
50 00 Rockford
742,162
717,242 +3.5
743,879
651,513
Twelve Months
(52 times)
87 00 Springfield, Ohio.
620,016 -16.1
520,000
453,067
457,940
333,036
CHICAGO OFFICE
507,688
455,946 +11.2
501,326
-Pliny Bartlett,513 MonadnockBlock;Tel.Harrison 4012. Decatur
Canton
910,091
889,967
653,962
930,358 -2.2
LONDON OFFICE
-Edwards cil: Smith,1 Drapers' Gardens, E. C.
Quincy
621,279
575,542
725,000 -14.3
418,691
WILLIAM 13. DANA. COMPANY, Publishers,
Bloomington
589,403
935,205
604,650
677,537 -10.8
South Bend
468,444
330,121
409,770
475,749 -1.5
P.O. Box 958. Front. Pine and Depeystor Sts., Now York.
Mansfield
309,624
320,466
355,045
339,690 -3.0
Jacksonville, Ill_
368,658
305,992
185,592
292,795 +51.9
Published every Saturday morning by WILLIAM B. DANA COMPANY, Jackson
459,278
242,940
275,000 +67.0
250,000
Jacob Seibert Jr., President and Treas.; George S. Dana and Arnold G. Dana, Danville
518,333
307,396
435,571 +12.2
348,210
Vice-Presidents; Arnold G. Dana, Sec. Addresses of all, Office of the Company. Lansing
386,967
378,918 +2.1
Lima
379,126
286,888 +32.2
281,503
266,616
Ann Arbor
176,392
163,873 +7.6
154,336
159,537
CLEARING-HOUSE RETURNS.
Adrian
30,000
28,736 +4.4
22,342
39,276
560,143
611,145 -8.3
425,000
by telegraph, Foe., indicates that the total Owensboro .....
The following table, made up
bank clearings of all clearing houses of the United States for week ending
Tot. Mid. West. 394,106,496 368,143,281
+7.1 322,760,377 306,937,710
Feb. 17 have been $2,987,013,598, against $3,220,331,472 last week and
62,882,948,101 the corresponding week last year.
San Francisco_ .._
58,515,573
42,595,775 +37.6
28,685,011
35,035,554
Los Angeles.....
20,805,118
16,310,891 +27.6
12,283,641
10,072,046
Seattle
10,340,906
9,173,284 +12.7
9,662,674
7,871,741
Per
Clearings-Returns by/ Telegraph.
Portland
11,000,000
9,565,362 +15.0
10,438,120
6,656,457
1012.
1911.
Week ending Feb. 17.
Cent.
Salt Lake City_ _
7,381,168
5,519,375 +33.7
6,190,709
3,879,936
3,991,770
3,966,943 +0.6
3,726,933
3,037,889
51,361,391,390 51,269,021,867
+7.3 Spokane
New York
4,320,452
4,030,945
3,731,746
4,403,774 -1.9
Boston
136,948,407
+6.3 Tacoma
145,627,533
3,979,102
1,488,91
Philadelphia
3,360,095 +18.4
2,649,576
-2.7 Oakland
108,1)07,277
111,880,606
1,680,157
Baltimore
1,345,633 +17.5
789,039
1,087,433
+8.2 Sacramento.....
30,665,935
, 28,349,430
Chicago
800,000
482,953
784,373 +2.0
610,821
208,595,265 +10.1 Fresno
229,686,643
St. Louis
872,054
458,622 +90.3
485,424
910,786'
2.0 Stockton
65,999,858
64,705,278
792,307
New Orleans..
728,110 +8.8
800,000
17,107,817 +15.8 Pasadena
19,813,895
San Jose
709,833
346,539'
450,591 +57.5
925,165
382,600
Seven cities, five days
436,625 -12.4
317,856
400,000
+6.7 North Yakhna
$1,960,797,951 $1,837,903,250
Other cities, five days
314,761
227,000
257,838 +22.1
220,140
510,217,403
480.147,986
+6.
9 Reno
Total Pacific
125,785,801
67,096,912
99,356,791 +26.6
87,046,435
Total all cities, five days
$2,471,015,354 62,318,051,236
+6.6
All cities, one day
515,998,244
564,897,265
-8.7 Kansas City
53,200,182
43,626,300
54,035,935 -1.5
50,257,435
Minneapolis
18,920,246
18,723,474
+1.1
13,174,975
17,052,658
Total all rltfra for ure.pk
12. 057 Ala MIR
to see OAR 7(11
-1...2 a
Omaha
16,473,196
13,219,275 +24.6
10,780,856
16,156,929
St. Paul
10,564,951
8,870,081 +19.1
6,639,489
8,506,816
The full details for the week covered by the above will be given next Sat- Denver
8,917,646
8,172,495 +3.0
7,548,648
7,331,975
urday. We cannot furnish them to-day, clearings being made up by the St. Joseph
7,818,196
7,713,486 +1.4
6,350,000
5,650,000
Moines
clearing houses at noon on SaturdaY, and hence in the above the last day of Des
4,095,312
4,010,263 +2.1
3,187,466
2,716,266
Duluth
the week has to be in all cases estimated, as we go to press Friday night.
2,362,945
2,231,026 +5.9
2,769,669
We present below detailed figures for the week ending with Saturday, Sioux City.
2,522,193
2,185,323 +15.4
2,963,755
1,727,304
Wichita ....
noon, Feb. 10 for four years.
3.614,127
2,930,126
1,855,597
3,518,946 +2.7
Lincoln
1,298,233
1,854,965
1,375,688
1,456,660 +27.3
Davenport
1,578,484
819,039
1,043,432
1,339,517 +17.8
Week ending February 10.
Topeka
1,382,369
1,953,466
1,252,179
1,611,261 +21.2
Clearings at
Cedar Rapids_ _ _
1,166,725
741,313
1,096,600 +6.4
1,126,820
Inc. or
Waterloo
1,089,413
1,391,089 -21.7
1,393,033
Dec.
1911.
1910.
1012.
1909.
Helena
891,322
693,823
804,609 +10.8
702,002
Fargo
841,389
728,010 +15.5
540,386
773,512
New York
1,857,266,866 1,858,422,189 -0.1 1,833,887,960 1,468,344,740 Colorado Springs.
609,126
622,142
632,201 --.3.6
626,646
Philadelphia
90,647,358 Pueblo
146,303,753 147,133,013 -0.6 119,848,598
649,834
560,558 +15.9
535,630
638,022
Pittsburgh
+4.2
38,373,099
43,335,181
31,582,628 Fremont
45,145,690
..
353,026
331,712 +6.4
392,932
358,835
Baltimore
27,576,807
22,084,816 Billings
37,795,914
34,744,602 +8.8
273,089
75,813 +260.2
123,471
123,298
Buffalo
8,821,219
8,130,537 Hastings
10,046,002
8,677,150 +15.8
..
178,079
165,270 +7.7
135,000
Albany
4,443,391
4,841,139 Aberdeen
5,352,697
5,362,135 -0.2
292,741
362,044 -19.1
411,772
_
Washington
8,173,279
7,224,505
5,132,428
6,958,651 +17.4
Tot. 0th. West. 139,720,648 133,235,770 +4.9 127,467,068 100,968,222
Rochester
4,170,139
3,512,347
3,029,041
3,697,447 +12.8
Scranton
2,732,906
2,294,330
1,857,370
2,700,103 +1.2
St. Louis
59,966,133'
76,845,209
80,671,909 -4.7
68,846,264
Syracuse
2,378,637
1,408,415 +68.9
1,968,472
1,669,572
15,718,766
24,049,454
22,948,145 +4.8
Reading
18,630,858
1,475,491
1,395,079 +5.7
1,122,291
1,167,736 New Orleans_.
15,520,322'
15,629,641
16,683,787 -6.3
Wilmington
16,267,817
1,441,430
1,305,054 +10.4
1,031,501 Louisville
1,380,624
Houston
14,457,032
17,764,155
12,351,114 +43.8
Wilkes-Barre _
13,877,770
1,740,970
1,473,709 +18.1
1,362,158
1,166,615
6,967,000 ,
8,842,000
6,796,000
8,068,000 +9.6
Wheeling
1,662,728
1.572,258 +5.7
1,362,100
1,240,296 Galveston
6,944,562
9,021,856
7,827,951
7,576,139 +19.1
Trenton
2,187,625
1,476,136 +48.2
1,254,782 Richmond
1,314,296
6,436,067.
(1,756,691
9,246,370
7,849,342 +17.8
802,350
York
893,166 -10.2
651,432
569,175 Memphis
6,557,521
6,225,234
7,085,518
7,460,799 -.5.0
879,801
Erie
673,858 +30.6
764,090
524,905 Fort Worth.....
12,086,108
5,414,392
15,508,716
13,639,072 +13.7
521,804
Greensburg
492,703 +5.9
349,949 Atlanta
478,806
5,007,608
3,514,882
6,271,685
9,590,132 +36.6
608,337
535,861 +13.6
Chester
454,245
348,874 Savannah
5,558,938
3,999,804
4,219,220 +31.7
4,225,586
657,800
524,500 +25.4
Binghamton
475,400
462,800 Nashville
9,019,919
3,371,832 +19.2
3,134,089
2,432,627
380,726
364,207 +4.5
Altoona
322,417
249,198 Norfolk
__
Birmingham
3,272,704
2,388,443 +37.0
1,146,740
2,114,503
1,081,300
1,282,597 -15.7
Lancaster
2,583,912
2,691,871 -4.0
Augusta
2,084,175
1,918,797
1,577,557
1,486,418 +6.1
1,463,475
1,275,097
+0.4 2,057,643,587 1,654,680,460 Mobile
Total Middle__ 2,132,806,245 2,124,428,014
1,889,769
1,747,906 +8.1
Knoxville
1,418,942
1,383,636
2,812,799 +32.5
3,725,009
1,865,777
2,375,455
166,816,591 157,232,423) +6.1 183,855,312 144,345,181 Jacksonville _
Boston
2,489,887
1,972,644 +26.2
1,622,089
1,729,157
8,035,800 +12.4
9,039,000
Providence
8,280,300
7,496,800 Little Rock
2,342,661
2,236,059 +27:1
_
1,510,000
1,850,817
4,354,310 -0.4
Hartford
4,336,904
3,761,552
3,005,530 Chattanooga
1.850,080 +14.9
2,125,340
1,373,562
2,733,334
1,766,000
+1.6
New Haven
2,777,081
2,442,399
2,089,615 Charleston
2,148,113
2,741,228 -21.6
1,376,862
2,351,706
1,845,270 +40.6
Springfield
2,594,947
2,100,000
1,650,955 Oklahoma
4,467,273
3,850,000 +16.0
776,634
1,085,000
1,773,971 +118.8
Portland
3,880,498
1,731,893
1,391,057 Macon
2,828,427
3,104,426 -8.9
Austin
611,542
1,738,690
2,096,217 +7.1
Worcester
2,244,331
2,155,203
1,650,480
450,349
406,897 +10.7
468,868
361,744
1,337,454 -3.4
Fall River
1,340,130
1,1151,593
1,345,192 Vicksburg
755,529
739,417 +2.2
393,682;
473,679
New Bedford._
1,122,072 -21.4
882,198
989,346
928,967 Wilmington, N.C.
736,104
640,000 +15.0
493,000
442,000
Lowell
587,561 -12.7
519,434
513,049
536,618 Jackson
904,371 Not included n total
Holyoke
584,565 +7.2
520,759
626,477
450,253 Muskogee
666,386
Tusla
648,591
+2.7
Bangor
326,600 +42.3
464,145
Total Southern 2:32,396,981 218.796,170 +6.2 100.093,030 163,452,659
Total New Eng 105,515,301 182,079,083
+7.4 187,470,791 164,890,654
:1,220,331,972 3,125,089.115 +3.0 2,972,981,288,2,458,426,6
Total all
.
1
Outattla N.Y 1.353.069.606 1.267.568.926 +7.5 1.138.593.320: ,00.081.872
Note.
-For Canadian clearings see "Commercial and Miscellaneous News.'!
$10 00
6 00
For Six Months
.
g
.
13 00
European Subscription iincludin- - posIage)
7 50
European Subscription six months (including postage)
22 148.
Annual Subscription in London (including postage)
.21 118.
Six Months Subscription in London (including postage)
$11 50
Canadian Subscription (including postage)
Subscription includes following Supplements
BANK AND QUOTATION (monthly) 1 RAILWAY AND INDUSTRIAL(3 times yearly)
ELECTRIC RAILWAY(3 times yearly)
RAILWAY EARNINGS(monthly)
STATE AND CITY (serni.annually) BANKERS'CONVENTION (yearly)
For One Year.
434
THE CHRONICLE
OUR RAILWAY EARNINGS ISSUE.
We send to our subscribers to-day the February
number of our "Railway Earnings" section. In this
publication we give the figures of earnings and expenses
for the latest month of every operating steam railroad
in the United States, big and little, which is required
to file monthly returns with the Inter-State Commerce
Commission at Washington—altogether nearly 900
roads or systems, comprising an aggregate of about
240,000 miles of line.
THE FINANCIAL SITUATION.
Are not some of our industrial leaders manifesting
undue alarm regarding the attitude of the public mind?
In asking this question we are not, of course, alluding
to the virile utterances of James J. Hill, made this
week before the Stanley Steel Investigating Committee,
saying that Government is not fit to run business, and
that "the law of competition will linger with that other
law of the survival of the fittest until long after every
statute has been swept away." Such remarks are
decidedly refreshing after the surfeit of talk we have
lately been having suggesting Government regulation
to the extent even of controlling prices and arguing
that in modern-day affairs competition will soon be a
thing of the past, to be discarded as a worn-out and
exploded economic theory that has been superseded
by something vastly superior in the shape of a Government official or a Government bureau that will undertake to adjust things as between the laborer, the producer and the consumer.
Our allusion is to the speech made by Chairman
Elbert H. Gary of the United States Steel Corporation
before the New York Lehigh University Club at the
Hotel Astor last Saturday night. Mr. Gary expressed himself in a way which indicates that he views
existing political and social tendencies with a feeling
of deep uneasiness and grave apprehension. Mr. Gary
deservedly holds a high place in the financial and industrial world, not merely by reason of his position as the
head of the world's greatest industrial organization, so
wisely conceived by Mr. J. P. Morgan, but also by
reason of his attainments and undoubted ability.
Therefore it is surprising to find that to him the present
social tendencies are very suggestive of the times leading up to the French Revolution. If any one less conspicuous than Mr. Gary had undertaken to draw such
an analogy, it might well be passed by without notice.
As coming from Mr. Gary, the comparison derives
additional significance by reason of the fact that his conviction on that point is so deep that he feels it his duty
to address a solemn warning to men of affairs generally, admonishing them that they must regulate their
conduct accordingly or be prepared to take the consequences. Here are two paragraphs from Mr. Gary's
speech as we find it reported in the "New York Times"
of Monday morning:
"I say to you that things are being said and printed
similar to the incendiary speeches which aroused the
peasants of France and caused the French Revolution.
Unless something is done, the spark will burst into a
flame. I am not asking for sympathy, nor have I
hoisted a flag of distress. I suppose it is only fair to
say that, perhaps, we men of great influence have not
always done exactly right. I think that it would be
better if we sought to remedy some of the ills of the
body politic, and, instead of taking offense, seek to
benefit by criticism, however unjust.
Lxxxxiv.
"Unless the capitalists, the corporations,the wealth
of this country take the first step in this direction, and
assume a leading position in the fight to remedy evils,
that action will be taken out of our hands by the mob.
My counsel to the big interests of the country is to
deal squarely with their employees."
If it were not for the respect we entertain for its
author, we should be inclined to treat the foregoing
with ridicule. As it is, we deem it proper to say we
cannot find any sound basis for Mr. Gary's alarm nor
in any way endorse the views expressed. On certain
public questions of great importance the masses are
undoubtedly in need of enlightenment, but he who
sees visions of a revolution or of mob rule in this
country does not read the signs of the times aright
nor display that confidence in the sound judgment and
correct conclusions, at critical times, of the electorate
that the past history of the United States so abundantly
justifies. Nany vagaries and false economic doctrines
appear to have obtained a hold on sections of the community, but Mr. Gary may depend upon it that when
the crucial moment for decision arrives, the sober sense
of the voting population will assert itself and these
crude dogmas be quickly cast aside. This has always
been the experience in the past and notably so at the
the time of the silver campaign in 1896. None of the
things which are being advocated and urged to-day
are any worse than what was preached and taught
by William J. Bryan sixteen years ago. Nevertheless, Mr. Bryan went down to overwhelming defeat,
and the American people have twice since then—on
the occasions when he undertook to renew his candidacy—taken opportunity to re-affirm their first judgment that the man advocating such doctrines should
never be placed in political control.
Even the sensational press, whose power and influence to excite the unthinking masses Mr. Gary so
aptly characterizes, always displays marvelous capacity for self-restraint when occasion demands it. In
this there is the strongest of guaranties that political
and social movements of a destructive character will
never, with the aid of the press, be carried to the
length where violence and excesses will follow. In
seeking to find a reason for the existing unrest, Mr.
Gary furnishes a diagnosis of the situation which, it
strikes us, is entirely accurate. He says: "It is due
to two causes—first, the fact that means of communication are increasing rapidly and news can be carried
to widely separated points in a short time, and, second,
the unjust agitation promoted by labor leaders, demagogues with personal ambitions to serve, so-called
statesmen, whom I should term politicians, and newspaper publishers who are disposed to appeal to the
prejudice and passions of what they variously term
the 'masses,' the 'working class,' or the 'people,' to
incite the latter against the 'capitalist' and educated
classes." Admitting the truth of all this, it is too plain
for argument in view of what we have already said
that those newspaper proprietors who are doing so
much to promote class hatred and to endanger property
rights will never allow the work to be carried to the
point where it will.lead to general destruction and involve themselves in the common ruin.
But there is another aspect of the discussion, as presented in Mr. Gary's speech, that deserves consideration. As Mr. Gary is having premonitions of revolution and mob rule, it is fair to ask if he has been doing
his part towards averting the menace which to him
FEB. 17 1912.]
THE CHRONICLE
seems so imminent. It will have been noted in the
extracts from his speech given above that he makes
a sort of confession of guilt—perhaps not so much for
himself as for other leaders in the industrial world.
He says "We men of great influence have not always
done exactly right," and he admonishes "the capitalists, the corporations, the wealth of this country,"
that heed must be given to "criticism, however unjust."
In making a confession of sins for others Mr. Gary
would appear to be presuming too much, for it is only
men of the Roosevelt stamp who argue that evil is
inherent in the business world and look upon men of
wealth and achievement as "malefactors." Passing
that point, however, is it not a fact that Mr. Gary has
been rather contemptuous of public sentiment as far
as his own actions are concerned? One of the distinguishing features of Mr. Gary's policy has been the
so-called "Gary dinners," held regularly for many years,
at which Mr. Gary would confer with the independent
steel producers for the general benefit. The purpose
of these social functions, at which matters of mutual
interest were discussed and harmonious relations promoted, was entirely meritorious; but they were misunderstood by a large, section of the community, and
the sensational press criticized them as being a violation of the Anti-Trust law. Nevertheless these dinners were kept up until last spring when the collapse
in prices which then occurred made further gatherings
of the kind futile.
Mr. Gary evidently looked upon the criticisms of the
affair as of no account, and certainly there was little
justification for them. But in his speech of last Saturday night he contended (if the press reports of what he
said are correct) that men of influence and of wealth
should benefit by criticism, even if unjust. A still
more striking instance of disregard of public sentiment
might be cited. Last summer, while the Stanley investigating committee was in session, and soon after
Mr. Gary himself had been a witness before that committee, he went abroad and initiated an international
conference for the promotion of good relations among
steel producers of the whole world. The sarcastic
comments leveled at this conference while Mr. Gary
was in Europe by members of the Stanley committee
sre still fresh in mind. We were led to say at the time
that with public sentiment so suspicious and hostile it
seemed to us it might be better to defer to it instead
of proceeding with schemes of conference and cooperation in apparent disregard of it. Mr. Gary, it is
clear, thought differently, and apparently he has latterly changed his views as to the value of public criticism and the desirability of giving heed to it.
We imagine some other things that are cited to the
detriment of the Steel Corporation could never have
happened if sufficient consideration had been given to
the public attitude and temper against the Steel Corporation. Only last week the Government sought and
obtained an injunction against the Steel Corporation,
enjoining the officials from destroying certain old
books and papers which it was claimed might be needed
in the prosecution of its suits and charging that some
of the books had actually been destroyed. Mr. Gary
at once came out with a perfectly frank statement
showing that the operation was wholly free from suspicion, that the Vice-President of one of the subsidiary
companies, after the books were returned by the
prosecuting officials, thought they no longer were of any
435
service and quite innocently concluded that no reason
existed for retaining them. The matter would not
call for any comment here except that when the head
of such a beneficial trade concern, against which harsh
criticisms have been leveled from the very date of its
organization, expresses fears of the possibility of a
revolution and of mob rule, and seeks to impress the
public at large with similar fears, it would seem to
be incumbent upon the subordinate officials to be
peculiarly circumspect in their actions. Out of regard
for the executive head of the concern, if for no other
reason, they might be expected to do nothing and
tolerate nothing upon which an erroneous construction
might be placed, to the detriment of the concern.
While, as already indicated, we cannot agree with
all that Mr. Gary says in his latest address, it is evident
that in counseling regard for public sentiment,
even if ill informed, it can be made to serve a useful
purpose.
As already noted, Mr. James J. Hill has this week
been before the Stanley committee for investigating
the steel business. He was a picturesque witness.
He told the inquirers simply and incisively what they
wanted to know about leases of ore lands, and when
Mr. Beall of Texas detained him a moment to get his
views upon the general situation, he became more
interesting. Mr. Hill is a man of long experience and
observation who has proved his quality by doing
things. When asked how he regards the present
theory that the day of competition is over, that it is
no longer to be trusted, but that the Government
must intervene and henceforth regulate prices and
dispense happiness all around, he treated the figment
as the north wind treats a fog. The law of competition, he said, is rooted in human nature, and can be
changed only as human nature changes. Competition
will last as long as the struggle to get ahead lasts.
Along with the law of the survival of the fittest, the
law of competition will be operating, said Mr. Hill,
after all our present statutes have been wiped off.
Judge Gary and a few others whose opinions ordinarily carry weight have taken up what seems to be
a counsel of despair; that a smooth and permanent
modus vivendi can be reached by setting up Government as a regulator of prices. Chairman Stanley
asked if society might not be held in peace by having
corporations operate under a golden rule of business,
wits Government fixing prices and keeping big concerns from hurting one another or crushing labor.
No, said Mr. Hill, that would not work; when the
Government assumes control of all business the Government will soon go out of existence. He would limit
somewhat the powers of corporations, particularly
insisting that full value exists for every dollar of
stock, but would not worry about mere size. He
would not attempt to repeal any natural laws.
The worst trouble in this country is that the people
are exaggerating evils which are always present and
are imagining that a central power can step in and cure
them all forthwith by pounding bad business and
licensing good business. The demagogue feeds this
delusion, because it is his stock in trade, and some
men of affairs defer to it as the purchase-price of a
temporary peace. When a keen-eyed man cuts
through such folly by a re-statement of immovable
principles, which nobody ought to forget for a moment,
436
THE CHRONICLE
[VoL. Lxxxxnr.
he may aid the return to reason by reminding us all We are not defending Mr. Taft, who has erred in conthat the most painful way to cure error is to temporize forming too much to his inheritance; but the country
with it.
needs distinctness of issues, and he will render it a
service if he forces his opponents to state, in language
President Taft's address here on Lincoln's birthday which the most ignorant must understand, what they
was intended and accepted as his first distinct pub- propose to do with control if they get it.
lic effort on his own behalf in the campaign, and much
of it is sound and was well said. One service, at least,
Another milestone in the world's progress was
it may render, if it can force those in his party who
passed on February 12th at noon. The Manchu
are moving against him to come out into the open and
state intelligibly just what issue they make with him, dynasty, that has occupied the throne of China for
other than lies in the political ambition of a single per- nearly three centuries, was pensioned and gracefully
son. Mr. Taft claims that the regular body of the retired after it had, itself, by edict of the Empress
party is the true and reasonable progressive of the Dowager and the child Emperor, set in motion a
day, seeking just protection for all under Constitu- movement for the formation of a permanent Republic.
tional powers. The most conservative opinion in "The majority of the people," says the edict, "are in
the country does not, however, recognize him as favor of a Republic. From ,the preference of the
representing it; his errors have been in trying to fol- people's hearts the will of Heaven is discernible. How
low the lines of his political creator and in being too could we oppose the desires of millions for the glory
radical. So far as he is conservative, it is only by of one family?" Thus, we hope, ends the civil war.
contrast with his opponents under the same general It has been a conflict remarkable in many ways, but
party name.
especially for the absence of disorder, and, we might
But clearly it is not for them to object to his radi- almost add, for the absence of bloodshed and clash of
calism; they can only criticise him for lagging behind arms. Human life seems of such slight consequence
themselves. If they are insurgent and progressive, in the East that the sanguinary'feature of the revoluthey are such in contrast with his greater moderation; tion may possibly not have been amply covered by
the
otherwise, the terms themselves are without meaning. news dispatches. On the other h and,
foreign resiIt is mere vaporing to mouth over such phrases as that dents and their property
have, in the main, been acthe man should be above the dollar or that "when hu- corded
full protection and the war seems to have been
man rights clash with property rights, human rights
one of negotiation much more tha n one of military
should prevail." Mr. Taft justly says that "the man
achievement. The Ching Hwa (Chinese) Republic—
is always above the dollar." Property can have no
to quote the official name—appears to have merely
rights in itself; it is a possession of man, its rights are
his, it exists solely for his service. If an orator talks developed. Much real work, however, has yet to be
of moral uplift, that is something everybody favors. done; and those who know China as the "land of the
What we need to have stated in plain terms is whether unexpected" see many opportunities for disquieting
(a§ Mr. Taft puts it well), "he is in favor of abolishing complications before the many divergent interests are
bound together in a satisfactory and workable Govthe right of the institution of private property."
It is time they who would raise an issue upon pro- ernment. Jealousies among the Republican leaders
gress came out and stated, not in platform language are yet to be threshed out and the practical work of
but categorically, what they propose. The genuine evolving a system of representative government in a
conservative thinks Mr. Taft has gone, and wishes to territory so greatly handicapped by widespread ignogo, too far; if he is too slow for the radical element in rance and illiteracy must now be undertaken.
It cannot be charged that the Republican leaders,
his party, it is time they dropped rhetorical generalizing and told the country to what they would hurry it. as the representatives of the new Government, have
It must be that they are for the extremest of the ex- been vindictive. The Emperor is to receive $4,000,000
tremes, such as applying the "recall" to the judiciary, (Mexican) a year and is to retain his title and servfor their leader has publicly advocated having judicial ants. So far, it appears, close attention has been
decisions referred back to popular vote. That leader given to detail, and to that extent the new Republic
has very recently formulated (in adroitly-shaped gen- has an excellent start. The Premier, Yuan Shi-Kai,
eralities) Mr. Taft's principal defects as the progres- has assumed the title of President Plenipotentiary
of
sives see them. Thus, "the people have come to feel the Republic
and has requested the Powers to recogthat President Taft is primarily an interpreter of laws,
nize that title. But the foreign governments are
rather than an administrator of laws." Further:
proceeding with distinct caution in this respect.
"The people of the country have come to regard the The foreign legations at Peking will deal unofficially
President• as being interested more in the machinery with Yuan Shi-Kai's government until the Republic
of government than in the promotion of human wel- itself
is recognized. Dr. Sun Yat-Sen on Thursday
fare. He has done much to create and crystallize
formally resigned the presidency of the Republic in
public opinion with regard to 8tich matters as the tariff,
as the Commerce Court, as judicial procedure; but with favor of Yuan Shi-Kai, and the National Assembly at
regard to the more vital questions,the people have not Nanking unanimously elected Yuan Shi-Kai President
felt his leadership. On the question of the draining of the Republic. Dr. Sun's resignation was accepted
of the country population into the city, the question of on condition that both he and his Cabinet should hold
turning desert lands into a region of homes, the ques- office
until the new President and new Cabinets took
tion of decent hours of labor and adequate wages, the
over the duties.
question of lynchings, the question of pure food, the
question of the protection of children—on all such
questions as these the American people have not felt
The British Parliament opened on February 14
the leadership of the President,and they have missed it." under
circumstances that have produced a much more
This is the familiar voice of the demagogue, appeal- confident tone in London's financial circles. This
ing to the vague dissatisfactions of the unthinking. improved sentiment was not due to the King's speech,
FEB. 17 1912,
THE CHRONICLE
for that was, to use a favorite descriptive of the
London press, disappointing. and colorless. The
real basis of the enthusiasm was a statement by
Premier Asquith that the mysterious visit of Viscount
Haldane, the British War Secretary, to Berlin had
been on the direct invitation of Germany. It was
not difficult to read between the lines of the Premier's
speech his desire to convey the impression that the
result of the Secretary's visit had been to prepare the
ground for a new Anglo-German entente; and it was
at once recognized that such a desirable condition
would mean, when considered in association with the
termination of the Chinese revolution and with the
perfunctory position into which the Tripolitan War
seems to have been relegated, a new era of European
peace. Mr. Asquith was particularly distinct in
enunciating that the new Anglo-German arrangement
would not impair special relationships of either
Britain or Germany with other Powers. On this
point he said: "I cannot, of course, at this stage enter
.
into • matters of detail, but I may say that in the
course of Lord Haldane's visit to Berlin there was
unmistakable evidence of the sincere and resolute
desire of both sides for the establishment of a better
footing between us without either side in any way
sacrificing or impairing the special relationship in
which each of us stands to other Powers."
Mr. Asquith also took occasion to deny the sensational stories printed last autumn that the British
fleet was at that time preparing for an aggressive
attack on Germany. This he declared was "pure
invention, without a shadow of foundation." King
George opened Parliament in person and his speech
was a short one, although it is probably many years
since a speech from the Throne has been awaited
with such absorbing public interest. But "blank
disappointment" the cables tell us, "was easily read in
the faces of his hearers over the colorlessness of the
King's references to the historic legislation mapped
out by the Government." Summarizing the measures
to be brought before Parliament King George said:
A measure for the better government of Ireland will be
submitted to you.
A bill will be laid before you to terminate the establishment of the Church in Wales and make provision for its
temporalities.
Proposals will be brought forward for the amendment of
the law with respect to the franchise and the registration of
electors.
437
current during the last few weeks that Mr. Asquith
had determined to retire; and it has been rumored
that Lloyd George would be asked to take the Premiership. The latter would be most distasteful to financial
London, owing to the Socialistic proclivities of the
present Chancellor of the Exchequer. Sir Edward
Grey, on the other hand, has the confidence of the
financial community as a calm statesman. He represents the Conservative wing of the Liberal Party and
Lloyd George is the spokesman of the opposite extreme. Some of the London newspapers, according
to cable dispatches, take the ground that the conferment of the Order of the Garter on the Secretary
for Foreign Affairs gives Sir Edward such eminence
that he could not be expected to serve in the Cabinet
of Lloyd George. It is interesting at this juncture
to recall the severe criticism to which Sir Edward
has recently been subjected as a result of his Persian
policy. This criticism is now explained by his friends
as having been largely instigated by Lloyd George's
followers to promote the Welsh leader's interests.
At the request of President Taft, Mr. Knox, Secretary of State, will shortly start on a trip, which will
occupy about six weeks, to make a personal visit to
the executives of thirteen Spanish-American countries
bordering on the Caribbean Sea and the Gulf of Mexico.
The countries to be visited will be Panama, Cuba,
Hayti, San Domingo, Porto Rico, Venezuela, Colombia, Costa Rica, Nicaragua, Honduras, Salvador,
Guatemala and possibly Mexico. Whether Mr. Knox
will go to Mexico, however, will depend very largely
upon the political conditions existing in that Republic
after his visit to the other countries.
Secretary Knox's trip, although including different
countries,is very much on the same lines as that taken
to South America by Mr. Root as Secretary of State
in 1906. Mr. Root's tour had a particularly beneficial
influence in cementing the relations of the United
States with Spanish America. It is worth noting
that the conditions in the Central and South American
republics are particularly delicate just now. Cuba, for
instance, has recently been threatened with our intervention if President Gomez cannot obtain a proper
control of internal affairs. Hayti is recovering from
a series of revolutions and the assassination of the
President of San Domingo last December precipitated
disorders that seem now to have been calmed by the
election of a new President. Venezuela for the
moment is fairly quiet, while Colombia has a grievance against the United States connected with the
separation of Panama from the mother Republic
and the acquisition by the United States of the
Canal zone. We comment more at length on the
proposed trip of Secretary Knox in an article on a
subsequent page.
Otherwise the speech contained very little of international or financial interest. There was in it no
mention of British relations with Germany nor of
Lord Haldane's visit to Berlin. The Government,
the King said, would continue to observe an attitude
of strict non-intervention in China and he congratulated the international conference recently held at
The Hague on the results of its labors with a view to
regulating the trade in opium. Referring to the
widespread labor unrest, he firmly trusted that a
"reasonable spirit will prevail on both sides in order
Affairs in Mexico continue highly strained. Our
to avoid a development which will seriously affect State Department has been informed from Durango
the trade of the country and the welfare of the people!! that foreigners in that State are in great danger and
it is announced at Washington that, at the request
Another feature of the political situation that has of the American Government, President Madero has
contributed to a more buoyant feeling in financial promised to send additional troops there to protect
London has been the intimation that the granting them. President Taft has made military prepof the Order of the, Garter to Sir Edward Grey, the arations which he believes are ample for any
Foreign Secretary, was preliminary to his promotion emergencies that may arise; but he will not be
to the Premiership. Reports have been persistently forced into a definite position unless circumstances
438
THE CHRONICLE.
become much graver than they are and the Madero
Government shows that it cannot control the situation.
There will be no mobilization of American troops on
the Mexican border until conditions fully justify such
action.
Realizing the danger to American residents in
Mexico from the circulation of erroneous press dispatches telling of proposed intervention on the part
of the United States, the State Department on February 13 issued a circular to the diplomatic and consular
representatives in Mexico denying "all foolish stories"
about American intervention and expressing the
good-will and sincerest friendship of the United States
Government for Mexico. During the Madero revolution the State Department issued a similar circular.
The American representatives in Mexico have been
instructed to circulate the note in the local press and
to use every means to get the denial of intervention
The following telegram from
before the populace.
President Madero setting forth the position of Mexico
was received in Los Angeles on Thursday:
The attitude of the Mexican Government toward the Government of the United States is that of the most open friendship, and the attitude of the latter in the difficulties through
which the Republic has passed has been most cordial.
The difficulties through which the Republic of Mexico has
been passing were not of really great importance and have
been overcome. There .has been no great political principle
involved and there has been no notable leader as their sponsor.
For all of these reasons my Government is sufficiently
strong to give complete protection to all of the interests.
Usually responsible London cables suggest that
Italy is becoming tired of the Tripolitan War and that
the sharp decline that has recently taken place in
Italian rentes has followed the indifferent responses
that Italy has received in London and Paris,where
she has been informally "sounding" the prominent
banking interests on the prospects for a war loan.
It is now suggested that mediation between Italy and
Turkey by England and Germany is among the early
probabilities. Cable advices of February 14 quoted
the Milan "Perseveranza" as making a significant
explanation of General Caneba's summons to Rome
to attend a Cabinet Council. According to this
article the following question was put to Caneba by
the Cabinet: "With the means now at your disposal
and with all other means which you might ask for,
and which the Government would not hesitate to
give, are you in a position to provide that unequivocal
and decisive victory of which Italy is in need in
order to impose unconditional peace upon Turkey?"
To this question General Caneba is reported to have
replied "No". He declared it was impossible in a
war of the present character to secure a brilliant
success even in a year's time. "If you want a brilliant
success you must seek it elsewhere than in Libya."
Caneba is alleged to have replied. Public opinion in
Italy is reported to be showing discontent.
The Special Commission appointed by the French
Minister of Finance to report on listings on the Bourse
of foreign securities,in order that the entire Ministry
may discuss such listings intelligently, has been
requested to take up the application of the Credit
Foncier Cubain for official quotation to be given that
institution's bonds. It is now denied that the shares
of the institution have already been listed. The
fact that the Ministry is willing to look further into
[VoL. Lxxxxiv.
the matter after refusing the quotations last week is,
according to Paris cables, considered an indication
that Cuba is showing a disposition to take up the
question of investigating the claims for indemnity
for losses that French citizens were subjected to in
the war for Cuban independence.
The country'sforeigh trade for January 1912, according to the official statement issued yesterday, was of
very full volume, the exports exceeding all former
totals for January except that of 1908, and the imports
being of greater magnitude than for any month of any
year, barring only the aggregate for March 1910.
The net export balance, however, although large, is less
than that of 1911. In the exports the most notable
change was in cotton, where a falling off in value occurred in the face of an increase in quantity. The
shipments reached 1,412,327 bales, against 1,012,861
bales, but,owing to the materially lower price,the value
represented was only 713 millions dollars, against
77 1-3 millions. Breadstuffs also showed a loss in
trade of 13/ million dollars this year, consequent upon
a decreased outflow of corn, wheat and flour. A
notable expansion in the volume of "other commodities" exported is also a feature of the January result,
the 1912 shipments being $96,501,127, against $86,882,126 in the previous year. Aggregate merchandise
outflow for January this year was $202,586,074, as
contrasted with $197,083,391 a year ago, 1443'
millions in 1910 and 206 millions in 1908—the highwater mark for the month. For the seven months
since July 1 1911 the export total establishes a new
record for the period, being $1,307,293,380, against
4
1,2583/b millions and 1,0845 millions, respectively,
in the like interval of the two preceding fiscal years.
• Merchandise imports showed an important augmentation in January, standing at $143,557,721, against
$130,561,234 in 1911 and $133,670,278 in 1910, the
latter the former January record. For the seven
months ended Jan. 31 1912 the aggregate inflow
is in excess of that for any previous similar period,
being $912,878,929, against $894,041,387 in 1910-11,
a little over 891 millions in 1909-10 and only 6973/2
millions three years ago. The net result for January
is an export balance of $59,028,353, or 7% millions
less than for 1911, but largely in excess of 1910. The
seven months of 1911-12 netted a balance of $394,414,451, or 30 millions over 1910-11 and 200 millions
increase as compared with 1909-10.
While most recent developments have been a source
of some satisfaction to those connected with the
cotton-manufacturing industry of the United States,
the beginning of the improvement dates back too recently to have it leave any impress as yet upon cotton
mill earnings. It follows, therefore, that the latest
dividend record for Fall River—that covering distributions made or to be made in the first quarter of 1912
—is strikingly poor. It indicates, in fact, that the
time had at last arrived with some corporations that
had consistently paid out a stated sum each quarter
to suspend dividends for the time being, surpluses
having already been too seriously encroached upon.
How this has affected the aggregate distribution to
shareholders becomes clear when we state that in no
corresponding period of any year since 1905 has it
been as small as in the first quarter of the current year,
FEB. 17 1912.]
THE CHRONICLE
and, carrying the comparison back a quarter of a century, only one other year (1898) with lower dividend
rate is found. Our compilation for the first quarter
of 1912 covers 36 corporatiops, of which 14 have
passed their dividends, 10 have decreased the rate
and only 12 have adhered to the same percentage as
in 1911. The aggregate amount distributed in the
period in 1912 foots up only $231,017, on a capital of
$27,756,670, or an average of but 0.83%. last year,
the amount paid out was $443,850, or 1.60%, and in
1910 it reached $508,400, or 1.90%. Here, then, we
have decidedly unfavorable contrasts denoting how
the strain has told when at last the conservative policy
heretofore quite well maintained has to be in part
abandoned. In some years, notably 1909, 1908 and
1907, the first quarter's distribution was well above
2%.
439
Bank for the Bank week: Imports, £816,000,(wholly
bought in the open market); exports, £980,000 (of
which £125,000 to India,£100,000 to Egypt,£100,000
to Brazil and £655,000 "earmarked" India), and receipts of £502,000 netfrom the interior of Great Britain.
The Bank of France in its weekly statement on
Thursday reported an increase of 12,400,000 francs in
its gold holdings, which suggests the arrival of a part
of the American gold included in the recent $8,000,000
shipment from New York. The Bank's gold stock
is now 3,197,600,000 francs, comparing with 3,249,250,000 francs one year ago, 3,479,775,000 francs two
years ago and 3,645,338,597 francs in 1909. Silver
holdings decreased 6,450,000 francs during the week,
and there was a decrease of 47,800,000 francs in note
circulation and of 81,750,000 francs in bills discounted.
The circulation item now stands at 5,315,566,000
Foreign bank discounts confirm the view that the francs and compares with 5,237,557,000 francs one
reduction in the Bank of England rate last week was year ago and 5,227,895,000 francs in 1910.
intended to help the market rather than reflecting any
positive immediate easiness in the London money
The local money situation is, of course, immediately
situation. It was more an indication of prospects concerned in the better prospects of the foreign marthan of actual conditions. The Bank will undoubtedly kets, for if European supplies of available funds are
remain in control of the monetary situation until augmented by the improved political situation, the
April, as Lombard Street will continue borrowing to demands upon New York will correspondingly lessen,
finance the tax collections which are now actively and any approach towards stringency would promptly
under way. However, the Governors of the Bank at call home our own funds. Lenders both on call and
this season endeavor to ease the situation as much as for fixed maturities have shown some disposition
possible, and the reduction in the official discount rate toward firmness. We stated last week that the movemay be considered an indication of this policy. No ment of gold to Paris had very likely culminated, and
additional change was made in the official rate this the week's developments have confirmed this stateweek. The maturing Treasury bills will furnish an ment, as there have been no additional engagements of
acceptable outlet for the tax funds. On Feb. 25 the precious metal for export. The currency move£3,400,000 six months' treasury bills mature, on ment from the interior is not as large as it has recently
March 8 an additional £3,50b,000 three months' bills been, although, of course, the falling off is largely
are due, and on March 16 still another block of seasonable. A direct influence of the firmer tendency
£3,000,000, making £9,900,000. Private London dis- of money has been the demands by the railroads for
counts as reported by cable yesterday were 3 7-16% new capital, and it is apparent that the movement in
spot and 3 8% to arrive for 60 days' bankers' accep- this direction during the next few months will be as
tances; 90 days' were quoted at 3 5-16% and 33.% active as the market will permit—in other words, the
for spot and to arrive, respectively. A week ago spot railroads will sell bonds and notes as freely as possible
and to arrive were both quoted 3V% for 60 days and as long as satisfactory conditions can be secured.
33% for 90 days. Paris closed 3-16% lower for the Trade also appears to be showing some slight improveweek at 2 15-16% for all maturities. Berlin, on the ment. The market for call money has ranged this
4
other hand, which closed at 35 % for spot and to week between 2% and 23%. Referring to the
arrive a week ago, was yesterday cabled at 334% for figures in detail, the range on Tuesday and Wednesday
4% for to arrive. Brussels closed 1-16% (Monday,.Lincoln's Birthday, having been a holiday)
spot and 37
lower at 3 7-16% and Amsterdam remains unchanged was 23'1@23%, with the lower figure the renewal one;
at 33 %.
4
Thursday's extreme figures were 2@234%, with 2%%
The weekly statement of the Bank of England, as the ruling rate; and on Friday 2% was the lowest and
cabled by our special London correspondent, registered 23/2% the highest, with 23( the ruling quotation.
1%
Time money is fractionally higher for the week,
an increase of £337,621 in the gold coin and bullion
holdings, while the reserve showed an expansion of though this represents the attitude of lenders rather
£571,000; the proportion to liabilities is now 51.24%, than any direct improvement in the demand by boras against 52.94% last week. A year ago the propor- rowers. Closing quotations are 2@2 % for 60
4
3
2
tion was 52.72%, two years ago 53.04%, and in 1909 days (23/% a week ago), 234@3% for 90 days (against
50.59%. The market was a borrower at the Bank 234%),3% for four months (unchanged) and 3@3I4%
of £2,118,000, as reflected by the item "other securi- for five and six months (also unchanged). Mercantile
ties." Public deposits increased only £563,000, paper still reflects the backwardness in trade and inshowing that the treasury is releasing its receipts dustrial circles by its limited supply. Quotations
almost as rapidly as they arrive. Ordinary deposits remain 33'2@4% for 60 and 90 days' endorsed bills
increased £2,376,000. The foreign demands upon the receivable and also for four to six months' single-name
Bank for gold continue heavy, particularly on India' bills of choice character. A higher figure than 33 %,
4
account, but the Bank is getting much gold in the open however, is exceptional. Bills not classed as choice
market. Our special correspondent furnishes the are quoted at 43'2%.
following details of the movements into and out of the
440
[VOL. Lxxx.xiv.
THE CHRONICLE
In sterling exchange the firmness noted at the extreme close last week continued on Saturday and was
generally ascribed to the exigencies of speculators who
had entered into short commitments. After the Monday
holiday, however, the market showed until Friday a
continued disposition to decline, which was not surprising in view of the more satisfactory interpretation given
to London's money market conditions. There were
no additional exportations of gold, but it was announced from Paris that arrangements had been made
to renew on a 4% basis the Lake Shore loan of
$12,000,000 placed in the French centre last spring
and which is about maturing. On the other hand,
New York is about to participate to the extent of
$10,000,000 in a $45,000,000 Tokio loan which,
according to present arrangements, is to be offered
simultaneously here and abroad next week. The
news of this offering and covering of short foreign
exchange commitments caused an advance of 10@15
points in sterling exchange rates on Friday.
Compared with Friday of last week, sterling exchange on Saturday was firmer, with demand quoted
at 4 8740@4 8745, cable transfers at 4 8775@4 8780
and sixty days at 4 8430@4 8440. Monday was a
holiday. On Tuesday, after a firm opening, the
- Market weakened; at the close demand declined to
4 8725@4 8730 and cable transfers to 4 8770@4 8775,
although sixty days showed no change. Selling on
speculative account caused a decline of about 15 points
on Wednesday; in the late afternoon, however, the
market became firmer, though the final range was
below Tuesday's close at 4 8720@4 8725 for demand,
4 8755 ®4 8760 for cable transfers and 4 8420@4 8430
for sixty days. On Thursday sterling ruled slightly
weaker on dull, quiet trading, with demand at the
close at 4 8710@4 8720 and cable transfers at 4 8745
®4 8750; sixty-day bills remained unchanged. On
Friday the market advanced 10@15 points, due
largely, as already noted, to covering of short commitments and the news of the proposed offering of the
Tokio loan next week. The close was 4 8430®
4 8450 for sixty days, 4 8725 ®4 8735 for demand
and 4 8760 ®4 8770 for cables. Commercial on banks
3
3
was quoted 4 824@4 834 and documents for payment 4 833/2 ®4 843'. Cotton for payment ranged
from 4 83M@,4 83%, grain for payment from 4 84
4 843.
Feb. 16 1911.
Feb. 15 1912.
Banks of
Gold.
£
England_ _ 39,229,527
France _ 127,904,400
Germany _ 43,211,850
Russia _ __ 193,755,000
AWL Hun_ 54,021,000
.
Spain _ 16,766,000
Italy _ .. _. 41,863,000
Netherrds. 12,109,000
6,658,000
Nat.Beig.
Sweden __ 4,719,000
Switzerrd. 6,556,000
Norway _ _ 2,189,000
Silver.
Total.
Gold.
£
£
39,229,527 37,496,973
32,154,720160,059,120 129,969,800
16,280,300 59,492,150 43,264,150
6.395,000150,150,000144,811,000
12,431,000 66,452,00 55,226,000
30,05.3,000 46,819,000 16,462,000
3,845,000 45,708,000 39,340,000
1,084,800 13,193,80 10,819,000
3,329,000 9,987,00
5,678,667
4,719,000 4,463,000
6,556,0
6,226,000
2,189,000 1,859,000
£
Silver.
Total.
X
37,496,073
33,049,920 163,019,720
15,284,600 58,548,750
6,649,000 151,460,000
12,467,000 67,693,000
30,744,000 97,206,000
3,498,000 42,838,000
2,392,900 13,211,900
2,839,333 8,518,000
4,463,000
6,226,000
1,859,000
£
Total week 498,981,777 105,572,820604,554,597495,615,500 106,024,753 602,540,343
Prey. week 497,821,183 104,927,573 602,748,756493,283,834 108,233.083509,517,817
SECRETARY KNOX AND THE SPANISHAMERICAN REPUBLICS.
The announcement given out this week at Washington that the Secretary of State is about to make,
in a Government ship, a series of official visits to the
Central and South American republics bordering on
the Gulf of Mexico and the Caribbean Sea, is one of
those incidents which have a place in the march of
history. It is announced that Mr. Knox is to pay his
respects to the governments in Cuba, San Domingo,
Hayti, Venezuela and Colombia—probably not visiting Mexico, where internal affairs are at present in a
state which might make such a visit open to unfavorable inference. In a statement given out from the
White House early this week, the Administration's
views as to the proposed trip are thus summed up:
The President thinks it will be of great assistance in
solving the diplomatic problems that are presenting
themselves from day to day if we manifest our friendly
interests in these, our neighboring,republics, by a visit
to them of the Secretary of State. By creating the
closer relations and acquiring the more exact information that must come from such conferences as he
will be able to have with the heads of their governments, he will enable our Government to deal with
existing questions much, more effectively.
An-official tour of this sort is not apt to be undertaken
without special reasons, and in the present case the
motive is clear enough. Leaving out of consideration
the disorder in Mexico, where the revolt in the Northern provinces has already threatened renewal of the
trouble which brought our army to the frontier at the
time of the Madero uprising, there remains such recent
unpleasantness as the warning of President Taft to
President Gomez of Cuba, that unless internal order
were preserved,intervention under the original powers
conferred on the United States by the new republic
might be necessary, and the equally awkward incident
of the present week, when the Government of Honduras, having entered suit against the United States
The following gives the week's movement of money syndicate operating the Honduras railway, demanded
to and from the interior by the New York banks.
that the property of that syndicate be instantly surrendered. In that case, even the request of the
American Consul for twenty-four hours delay, until
Received by
Shipped by
Net Interior
N. Y. Banlcs. AI. Y. Banks.
Week ending Feb. 16 1912.
Movement.
he might communicate with Washington, was denied,
Currency
$9,117,000
$5,634,000 Gain $3,483,000
warship
Gold
1,947,000
996,000 Gain
951,000 and seventy-five sailors from an American
Total gold and legal tenders
$11,064,000
66,630,000 Gain 64,434,000 were landed at Puerto Cortes to protect the property
of the Americans. The State Department subsethe right of
With the Sub-Treasure operations and gold exports quently withdrew the sailors, reserving
Government; but it was
suit against the Honduras
the result is as follows:
quite inevitable that unpleasant feeling should have
been stirred up.
•
Out of
Into
Net Change in
It is to allay these various misunderstandings, disBanks.
Banks.
Week ending Feb. 16 1912.
Bank Holdings.
$6,630,000 Gain $4,434,000 likes and suspicions on the part of the republics to the
Banks' interior movement, as above_ $11,064,000
Sub-Tress. oper. and gold exports _
21,200,000
26,300,000 Loss 5,100,000
south of us that Mr. Knox is to make his personal
, Total gold and legal tenders
$32,264,000 $32,930,000 Loss
$666,000
visits. In a certain sense, it may be said that this
new idea of sending a Secretary of State to meet the
The following table indicates the amount of bullion authorities of the Spanish-American republics face to
in the principal European banks.
face bears some resemblance to the habitual exchange
FEB. 17 1912.]
THE CHRONICLE
441
of visits by the European sovereigns. That popular' placing the customs or other taxes of such a governand political good-will has been cultivated by such ment under the general supervision of foreigners has
mutual exchange of visits by European potentates,has been established as a precedent in dealing with other
been indicated in the case of Russia and France, of continents. Not to mention China, such a procedure
Germany and Italy; and the still more striking instance has been pursued in the case of the Greek and Turkish
of the part which King Edward's Continental visits public debts, and the Central and South American replayed in the negotiation of the treaties between publics are the most notorious offenders of all in matters
England and its European neighbors, is decidedly in of the sort. On the other hand, there is the always.
point. In the case of a Government like our own, critical problem of foreign residents and of foreigners
where settled tradition forbids the President himself owning property in a State which falls into anarchy
to make such visits, it may easily be that the next and revolution—experiences which are the every-day
best thing is to send the head of his foreign affairs incidents of these Southern republics.
Thus far the United States has been compelled by
department.
Secretary Root's similar tour in 1906 the nature of the case to shape its policy according to
The results of
were admittedly favorable.. His trip to the Central the circumstances of each particular incident. That it
and South American republics, in that year, followed has governed its action—possibly waiving the incident
immediately after the unpleasant San Domingo epi- of Colombia and Panama—with a primary view to
sode of the year before, when our Government had protecting these weak republics against the aggression
been placed in somewhat of a false position with San of powerful outside States, is undeniable. But the
Domingo through its co-operation with foreign cred- difficulty of the matter is that these Southern governitors to administer their interests in that Govern- ments have so far taken that part of our policy for
ment's custom house finances. Mr. Root met the granted that they level their criticism at all actions
troublesome situation with unfailing tact. Answering or policies which imply the failure of the Washington
at Buenos Ayres the declaration that these Southern authorities to favor the Spanish-American republics in
governments could not tolerate forcible collection of other and much more doubtful particulars.
Very few statesmen would hazard definite predicdebts by foreign countries, Mr. Root stated plainly
and tion a s to just what will be the outcome of these perthat our own Government had never employed,
never would employ, its army for collection of debts plexing relations. That visits such as Secretary Knox
contracted in such republics by outside governments is now to make will help the situation, if they are
or by individual foreigners. He added that any such managed tactfully and wisely, cannot be doubted. In
policy would simply amount to promoting speculation some of these republics, and under certain conditions in
and to inducing war based on purely sordid motives. all of them, there is a very definite subject of appeal,
This, and the Secretary's similar declarations of good based on the enormous natural resources of these
faith on the part of the United States, and of willing- Central and South American countries—resources
ness to invest our capital in Central and South America, which, whether in the form of precious metals, or
were received with enthusiasm in the cities which he minerals, or timber, or agricultural products generally,
visited, and did much to allay the angry suspicions will some time make them centres of wealth and
which had begun to grow, in such communities, re- prosperity.
The difficulty in arranging for this consummation
garding the policies of the United States.
lies in the manifest fact that development of such
Secretary Knox has, in some respects, a more
difficult task than Secretary Root. In the first place, natural resources is retarded or blockaded by the
these Southern republics have had, or have believed weaknesses or vices of the very governments to which
themselves to have, reasons for 'irritation which they Mr. Knox is to pay his respects. Between the people's
may have imagined to have been removed by the knowledge that their own governments are plundering
sp:mclies of 1906. The present Administration's some- them, and their suspicion that if foreign syndicates
what unfortunate entanglement in Nicaraguan poli- are admitted, they will be plundered in that quarter
tics, its partial threat of intervention in Cuba, the also, it would be strange if public sentiment in the
massing of the United States army on the Mexican matter were not distorted and unreasonable. The
frontier during 1911 and the grievance of Colombia one certain fact is that the United States, through
over the Roosevelt Administration's part in our acqui- patience, firmness and continued expression of good
sition of the Panama Canal through the secession of will, should use every means ot impress on the people.
Panama, remain as contributary causes of possible of these countries its own disinterested purposes.
bad feeling. It will require a maximum of tact, combined both with firmness and good judgment, to make
Mr. Knox's trip as effective an expedient as was WOULD IT BE WISE TO ABANDON GOVERNOR'S
ISLAND?
Mr. Root's.
A proposition lately appeared in the House in WashIn general, it will necessarily be the purpose of such
visits to set forth with the utmost clearness our ington for the sale of the Brooklyn Navy Yard. It
Government's purposes under the Monroe Doctrine, was not clear what could reasonably be said on behalf
and that is by no means easy to do when the matter of such a step, and slight notice seemed to be attracted
comes down to definite declaration of what the United to it; but now it has been used as a foil to another
States will do or will not do in a given conceivable proposition that the Government shall offer to sell
emergency. That European States are not to acquire Governor's Island to this city. This is one of the
territory in Central and South America, is declared propositions which seem rather attractive superficially,
without equivocation. But, on the other hand, there but a little thought brings up serious objections.
If it is supposed that the Island could be valuable
has been no definite and unmistakable policy as to the
rights of such foreign governments to intervention in to the city for commercial uses, the answer is that the
narrowness of the channels and the rapidity of tidal
behalf of pecuniary claims or political difficulties.
In the matter of money loaned to needy or unscru- movement seem to forbid its usefulness for docks.
pulous governments, intervention to the extent of No solution of the still perplexing problem of accom.
442
THE CHRONICLE
modation for longer vessels is visible there. Other
things aside, a small and isolated island is much inferior to mainland for dock purposes; moreover, there
is already some commitment to the Jamaica Bay
scheme.
To the natural thought that the Island would be
available as a park,one answer is that the proposition
to create a park on Coney Island has quite as much
potential service in it and also offers a prospect of
removing some of the objectionable features of that
resort; what has been accomplished in that direction
at Nantasket for Boston is an example in point.
But New York has larger reasons for retaining the
Island in Government hands and for Government uses.
There is something to be said for this on historical
grounds, since it has been the home of the city's
official-military life for approaching three centuries.
The early Governors were there before the Revolution.
The place was fortified by the patriots in 1775. The
professors and students of Columbia went down in a
body and plied the pick and shovel on its fortifications
in 1796-97; from that time until now it has been a
military station; a long line of distinguished officers
have lived there, and it has known many hospitalities
to foreigners. It has been a reproach to us that
people in the city have been engrossed with using it
to their own advantage and too little recognizing anything owed to the city. This is not now as it once was,
for there are beginnings of a civic spirit; precept and
example should combine to encourage that spirit, and
it may well be urged that the traditions of Governor's
Island through the long past have established a relationship to the honor and pride of the first city of
America which cannot be abandoned without discredit.
It is entirely true that changes in materials make
the Island not so important as it once was to the defense of the city against an enemy approaching by sea.
But we must recognize that the only possible approach
of enemies is not by sea. The city has its foes within
its gates. Some of us remember the riots of 1863,
called the draft riots, but having no relation to the
draft except in the starting. Once begun, such outbreaks are risings of the lawless against law, of those
who think they have nothing to lose in any event and
have a wild delight in destruction. Wealth has been
accumulating here during the fifty years; its visible evidences are more at hand; the dangerous elements are
more numerous; the public preaching against property
and for"brotherhood" has increased the danger. It may
be a"bread"riot, or a race riot, or an unclassified blaze
of human passions; constant exposure to it is undeniable,for the tinder only awaits the kindling.
To remove the regular troops would be a step
which the dangerous classes and their orators and
leaders would be the first to note. It would seriously
lessen security as well as the feeling of security. It
would be an imprudence which the sober thought of
New York cannot afford.
A further danger and one of constant exposure is
that of a serious conflagration, in which the presence
of disciplined troops might be of vast service. While
Governor's Island has ceased to be of large importance as a place of defensive operations against a
foreign invader, it is still of great potential value as
a military post and as a point of departure for military operations. Large expenditures have been made
upon it, and plans for enlightenment are incomplete.
iwould be better to continue these than to reverse
Itj
the policy of nearly three centuries.
[VoL. locxxxiv.
THE TRUST COMPANIES IN NEW YORK AND
ELSEWHERE.
In continuance of a practice begun by us many
years ago we present on subsequent pages (see pages
448 to 462) elaborate comparative returns of the
trust companies in this city (Manhattan and Brooklyn
boroughs) and also those in Boston, Philadelphia
and St. Louis. As far as the trust companies of this
city and State are concerned a slight change in the
date of the returns is to be nOted. Heretofore successive Superintendents of Banking at Albany have always
required that the trust companies shall make a return
of their condition as of December 31. This custom
of having a report for the close of the year extends
back a quarter of a century or more, and has never
previously been deviated from. On the present
occasion, however, the Superintendent has waived the
requirement of a return for the end of the year and,
instead, called on the companies for a statement of
condition for December 21.
Quite a number of the separate companies have
published reports of their own for the usual date
(December 31), but in our comparisons we use entirely
the figures for December 21. In this way the figures
for all the companies are of a uniform date and correspOnd with the official statements rendered to the
Department at Albany. There is a further reason for
using the Department's data for December 21 rather
than the company data for December 31 (where the
latter are available) in the circumstance that in most
instances the company figures are not given with
sufficient detail. One company will lump cash on
hand with cash on deposit in banks and another will
lump the different classes of security holdings, or lump
some of the other items.
In one particular we have found ourselves obliged
to go completely over the head of the Banking Department. The most useful part of the end-of-the-year
returns has been not merely the figures of condition
but certain supplementary facts and information
relating to the operations of these institutions for the
twelve months of the calendar year—their earnings,
their expenses, the amounts charged off to profit and
loss, the interest credited to depositors, the taxes
paid, the amount of dividends declared, &c., &c.
The discontinuance of the December 31 statements is
chiefly to be regretted owing to the absence of these
items of information. As we have so long been
publishing the returns of the separate companies,
mainly because of these supplementary items for the
calendar year, and as the figures are invaluable for
reference and comparison, we have felt in duty
bound to make an effort ourselves to get the figures
for the calendar year in the usual form by application
to the companies themselves. We have not deemed it
advisable to ask for figures of liabilities and resources
for December 31 in substitution for the December 21
figures of the Department, deeming these latter close
enough for all practical purposes; but we have applied
to each and every trust company in this city and
requested the officials to give us the results for the
calendar year as regards the various items embodied in
the supplementary statements.
The compilations we give on subsequent pages will
show that our efforts have been crowned with a gratifying measure of success. In over two-thirds of the
cases we have succeeded in getting the figures desired.
Many of the managers expressed great willingness to
co-operate and stated that they considered it a mistake
FEB. 17 1912.]
THE CHRONICLE
on the part of the Banking Department to discontinue
the old requirement. Where in our compilations for
the separate companies the 1911 figures are in any
case missing, the reader will understand that we have
been unable to get direct returns.
In any general survey of the trust companies, the
distinctive feature is the continued growth of their
operations. This is the more noteworthy at the
present juncture in view of the fact that these institutions, like banking and financial institutions in
general, had unfavorable conditions to contend with—
even more so in 1911 than they had in 1910. Loanable funds practically all through the year were in
over-abundant supply and interest rates ruled exceedingly low. This made it extremely difficult for
the companies to get remunerative returns on their
loans. Hence they were in no position to offer high
rates of interest and thereby attract additional deposits. Nevertheless their deposits have been further
substantially increased. And that is true, not merely
of the institutions in this State, but also of those at the
other centres where we have collected the figures—
Boston, Philadelphia and St. Louis. It is also true
that these institutions, speaking of them collectively, have further gained in strength, notwithstanding that besides the cheapness of money they had a
further drawback to contend against in a shrinkage
in security values.
In this city the number of companies is all the time
further declining. During the past year the Mercantile Trust Co. was absorbed by the Bankers Trust Co.,
the Madison Trust Co. (formerly the Van Norden
Trust) was taken over by the Equitable Trust and the
Savoy Trust was merged in the Broadway Trust,
besides which the Carnegie Trust failed and disappeared from the field. Further consolidations will
occur in the near future with the absorption of the
Trust Company of America by the Equitable Trust
Co. and the linking of the Flatbush Trust to the
Broadway Trust. With these changes there will be
left only 38 trust companies in Manhattan and Brooklyn Boroughs, as against 49 companies immediately
before the panic of 1907.
But, as already noted, aggregate operations and
business of these companies keeps rising to larger and
still larger dimensions. In the calendar year 1910
there had been some shrinkage in the volume of
deposits, but in 1911 the loss was more than regained.
A measure of the changes which have occurred is
furnished in the official totals given out by the Department at Albany covering the returns under the
call of condition for Dec. 21. We shall use for purposes of illustration the totals for the whole State,
instead of limiting ourselves to the results for the institutions in this city. Of course the companies in
Greater New York make up the preponderating proportion of the whole; still the totals for the entire State
are a little more comprehensive and in that sense
more conclusive as to the growth which has been
established.
On Dec. 21 1911 the deposits of the trust companies
of the whole State aggregated $1,342,270,020, as
against only $1,218,382,416 Jan. 2 1911 and $1,302,099,738 on Jan. 1 1910. It should be understood,
however, that the Dec. 21 total was not the maximum
of the year, there having been a falling off in the deposits the last six months, as usually happens. As
against $1,342,270,020 Dec. 211911, the amount of
the deposits Sept. 29 1911 was $1,375,565,304 and
the amount June 7 1911 $1,406,168,505. On Aug. 22
443
1907, just before the panic, the aggregate of the deposits stood at $1,087,664,431, and on Dec. 31 1907,
after the panic, it stood at only $732,278;460. In the
four years since then, therefore, the amount has been
nearly doubled. The course of the resources has been
much the same. These are $1,656,335,661 for Dec. 21
1911, against $1,690,075,954 Sept. 29 1911 and $1,711,598,061 June 7 1911; but comparing with only
$1,515,453,650 Jan. 2 1911 and $1,604,203,727 Jan. 1
1910; on Dec. 31 1907 the resources were $1,012,747,930 and on Aug. 22 1907, before the panic, they were
$1,363,966,143.
The capital of the New York companies—because
of consolidation and failure—is smaller than it was
twelve months ago, being $71,481,000, against
$73,431,000, but surplus and profits have increased,
and stand at $188,676,616, against $184,025,130.
As would be expected, the amount loaned out on
collateral has not greatly increased, notwithstanding
the further growth in deposits. The institutions
found it more profitable to invest their funds in other
ways. On December 21 1911 the loans on collateral
(always speaking of the institutions of the whole
State) were $558,917,170, as against $547,767,677
January 2 1911, but against $696,601,870 January 1
1910. Stock and bond investments, however, December 21 1911 were $434,076,602, against $370,691,761
January 2 1911 and $366,227,108 January 1 1910.
With reference to the money holdings of the New
York trust companies, the item is now a large one,
and it keeps growing with the increase in the deposits,
as the law requires that these institutions, like the
banks, must keep certain amounts of cash within
their own vaults. Trust companies in this Borough
are required to keep a reserve of 15% and all of it must
be held in cash. In the other boroughs of New York
only 10% of the 15% required need be in cash. In
the rest of the State trust companies are not very
numerous and the reserve required is 10%, of which
one-half must be in cash. These reserves apply to
deposits liable to call. On time deposits not payable
within thirty days when represented by certificates,
and on moneys held in trust not payable within thirty
days and therefore removed from the possibility
of immediate call, no reserves need be kept. Under
an amendment to the Law made by the 1911 Legislature, deposits may be reduced in figuring the reserve
requirements by an• amount equal to the market
value (not exceeding par) of bonds or obligations
of the State or City of New York owned by the institutions or held in trust for them by any public department. Between January 1 1910 and January 2 1911
the aggregate of cash in vault held by the trust companies had been reduced from $142,328,507 to $132,980,316, but for December 21 1911 the amount is
up again to $138,822,430. As showing, however,
what a change in this respect has occurred as a result
of the statutory mandate requiring the keeping of
certain percentages of cash on hand, it only need
be pointed out that on December 31 1907 the cash
holdings of the trust companies for the whole State
were only $47,830,348.
In the preceding, we have been dealing with the
trust companies as a whole. As far as the separate
companies are concerned the elaborate statements
on subsequent pages will enable the reader to ascertain what the experience of each company has been
as between January 1 1910 and December 21 1911.
To furnish a sort of general survey, we introduce here
the following table comprising all the companies in the
441
THE CHRONICLE
Boroughs of Manhattan and Brooklyn, and show the
deposits on August 22 1907 (before the panic); on
December 31 1907, the date of the first call after the
panic, and for Jan. 1 1911 and Dec. 21 1911.
Borough of Manhattan. Aug.22'07. Dec. 31 '07. Jan. 1'11. Dec. 21 '11.
Astor
Bankers' f
Mercantile,
Broadway
Central
Columbia
Commercial
Empire
Equitable a
'Bowling Green a
Madison a
Farmers' Loan & Trust
Fidelity
Fulton
Guaranty c
Fifth Avenue c
Morton c
Guardian
Hudson
Knickerbocker
Lawyers' Title Ins. & Tr_
Lincoln
Manhattan
Metropolitan
Mutual Alliance
New York Life Ins. & Tr.
New York
Savoy
Standard
Title Guar. & Trust
Trust Co. of America
Union Trust
United States Mtg. & Tr.
United States
Washington
Windsor
Brooklyn—
Brooklyn
Citizens'
Flatbush
Franklin
Hamilton
Home
}Kings County
Long Island Loan & Tr
Nassau
People's
$
8,965.745
23,861,606
35,119,131
3,932,749
42,137,580
6,774,339
3,876,981
8,898,940
17,381,123
16,233,629
8,101,350
81,702,513
3,028,403
7,423,429
41,996,504
17,532,796
40,510,828
4,185,255
2,066,175
62,114,992
8,524,049
22,400,958
10,975,957
23,747,751
5,763,501
33,782,456
33,517,360
1,569,287
12,884,258
28,495,980
64,124,995
48,231,644
30,982,562
59,394,159
9,798.340
11,182,536
$
3
$
8,103,748 14,774,859 18,663,182
20,240,194 62,013,877 1137493 148
23,277,232 48,382,224 J f
2,340,822 4,607,336
5,156,630
33,961,798 67,843,148 87,618,742
4,700,103 13,800,562 16,640,920
2,948,586 4,473,784 4,344,738
6,304,846 20,040,241 18,183,047
9,715,776 135,044,790 la
40,348,695
11,209,036 Ja
5,623,758 6,540,091
58,497,300 116,368,590 132,631,254
3,016,254 7,008,343 6,910,834
6,047,183 7,723.527 8,102,910
28,161,527
10,413,911 1 24815 857 158,022,851
22,166,365 c
3,315,280 3,638,994 2,683,174
1,172,075 3,416,134 3,354,493
32,467,648 37,385,064
5,511,071 13,452.914 16,184,748
6,483.066 11,141.401 11,367,721
9,327,741 19,051,288 21,093,164
15,764,837 24,971,982 22,511,690
3,651,793 8,493,783 8,502,472
24,680,912 35,550,811 34,128,848
27,882,835 41,313,028 38,044,550
1,762,388
909,024
971,819
7,691,641 16,583,839 17,561,046
21,574,526 24,224,805 28,900,222
20,705,836 26,881.367 25,563,427
44,169,764 53,527,947 52,993,225
20,096,258 43,415,252 46,370,514
47,302,953 58,735,106 63,097,385
7,415,009 10,306,003 9,415,034
7,773,031
8,844,238 6,474,786
Lxxxxiv.
$5,000,000 by taking 23/ million dollars from surplus
and the United States Trust Co. added $100,000 to
capital, making it $300,000. Except for the appropriation of surplus by the Old Colony the total of
surplus and profits would have further increased to
the highest amount ever recorded. The Old Colony
during the twelve months raised its deposits from
$64,803,309 to $79,198,295. In the case of the New
England Trust Co. deposits during the twelve months
have risen from $19,690,760 to $24,477,534. The
International Trust Co. is the only company recording
any material contraction, its deposits now being
$12,488,521, against $14,944,701 on Dec. 31 1910.
Capital.
Boston—
Deo. 31 1900 (16 cos.)____ 8,450,000
Dec. 31 1901 (16 cos.)____ 9,000,000
Dec. 31 1902 (18 oos.)____11,100,000
Dec. 31 1903 (19 cos.)....„12,100,000
Dec. 31 1904 (19 cos.)____12,500,000
Dec. 31 1905 (19 cos.) ____12,500,000
Deo. 31 1908 (18 cos.)____11,100,000
Dec. 31 1907 (19 cos.)____11,750,000
Dec. 31 1908 (19 cos.) _ _11,750,000
Dec. 31 1909 (19 cos.)____12.150.000
Dec. 31 1910 (19 cos.) ___ _12.250,000
Dec. 31 1911 (19 cos.)____14,850,000
Surplus and
Profits.
Deposits.
10,285,659
12,294,798
15,779,827
18,629,284
19,702,108
20,841,502
22,551,499
23,699,740
240%10,326
25,002,793
27,349,902
28,234,350
89,461,044
107,991,782
118,264,790
112,281,257
139,851,208
148,033,197
158,213,825
125,254,672
173,765,331
188,937,983
189,153,760
216,926,992
Aggregate
Resources.
108.196,703
129,286,580
143,144,417
143,010,521
172,053,316
181,397,833
191,885,062
160,704,413
210,125,857
224.090.823
228,753,862
258,248,402
At Philadelphia renewed growth is also a feature.
All the items included in our summary are the largest
ever recorded with the exception of capital. The
number of companies is 58, against 59 at the close of
1910. The Haddington Title & Trust is a new institution, but the Tradesmen's Trust was closed and the
15,363,835 11,628,311 18,071,271 19,662,041
1,035,792 1,439,877 1,805,319 Merchants' Trust and the Union Trust were con1,592,398
3,104,410 2,541,372 3,875,130 4,157,049
10,929.960 7,579,036 12,103,762 11,261,078 solidated, the name of the consolidated institution
5,490,952 7,321,308 8,670,513
8,734,731
1,638,373 2,452,328 2,502,684 being the Merchants Union Trust. The Independ2,636,974
12,346,322 10,120,885 15,256,377 16,142,302
7,055,368 6,489,355 8,841,610 8,195,028 ence Trust reduced its capital from $2,000,000 to
8,290,228
5,320,614
5,660,371
5,586,813 $1,000,000 and the Republic Trust increased capital
14,948,702 13,651,462 19,229,883 18,846,340
from $200,000 to $300,000. The combined deposits
• Not reporting on account of temporary suspension.
of the Philadelphia trust companies at the end of
a Bowling Green was consolidated with Equitable March 31 1909, and
'Madison, formerly Van Norden Trust, was taken over by Equitable Jan. 9 1911 were $224,225,832, against $208,837,634 at the
1911.
end of 1910 and $217,196,883 at the end of 1909—
C Fifth Avenue and Morton consolidated with Guaranty Jan. 27 1910
f Mercantile was consolidated with Bankers Aug. 10 1911.
while aggregate resources are $328,196,392, against
TRUST COMPANIES AT OTHER POINTS.
$311,640,645 and $316,892,720 at the end of 1910
In the case of the trust companies at Boston, and 1909, respectively.
Aggregate
Surplus and
Philadelphia and St. Louis, the figures as presented
Capital.
Profits.
Resources.
Deposits.
Philadelphia—
3
3
Dec. 31
on subsequent pages for the different institutions Dec. 31 1900 (40 cos.)____28,399,965 27,828,941 138,496,312 196,498,618
1901 (41 cos.)____31,927,006 33,885,857 149,137,3813 218,860,249
Dec. 31 1902
cos.)____33,142,233 37,514.329 153,151,355 227,480,117
are all our own, we having in each instance made Dec. 315903 (41 cos.)____34,320,337 39,654,877 161,231,152 238,817,588
(43
Deo. 31 1904
cos.) ___ _34,800,980
202,855,986 283,503,299
direct application for them to the companies, though Dec. 31 1905 (43 cos.)____35,312,363 42.344,733 209,213,067 293,177,935
(44
45.594,298
Dec.
1906
193,283,134 286,232.8
in a few instances, where our requests met with no Dec. 31 1907 (52 cos.)____38,931,963 49,590,018 169.669,224 265,150
31
(58 cos.)____38,727,909 50,840,244
(58 cos.)____39.068,955 52,000,978 200,983,530
response, we have had to have recourse to official Dec. 31 1908 (59 cos.)____39,897,218 55,374,618 217,196,883 296,781,3
316,892,7
Dec. 31 1909
208,817,634
(59
Dec.
statements made in pursuance to calls of the public Dec. 31 1910 (58 cos.)__39,931.418 59,187,488 224,225,832 311 840,845
328,196,392
cos.)-_-..38.511,733 62.262,427
31 1911
authorities. In the nature of things, as we are entirely
At St. Louis three small new companies were organdependent upon the companies themselves for the ized during 1911, namely the Chouteau Trust, the
figures and no general data of an official kind are City Trust and the Easton-Taylor Trust, increasing
available, comprehensive totals such as given above aggregate capital from $14,752,000 to $15,002,400.
for the institutions of New York are out of the ques- Deposits during the twelve months advanced from
$73,015,086 to $78,169,009 and aggregate resources
tion. Our summaries for these other centres are from
$107,272,961 to $112,763,152. Neither total is
such as we have been able to prepare ourselves and up to the maximum of the best previous years, but
necessarily are limited to a few leading items. Nor comparison with the earlier years is somewhat misare the returns in those instances cast on uniform lines, leading, as has been pointed out by us on previous
nearly every company having its own distinct method occasions. During 1908 the commercial business
of classification, making general footings out of the of the Commonwealth Trust Co. was transferred to
question, except as regards those few common things the National Bank of Commerce in St. Louis involvtreated alike by all and which have definite, established ing a diminution in deposits of over $7,000,000 and in
1909 similar action was taken in the transfer of the
meaning, such as capital, surplus and profits, and commercial business of the Mercantile Trust Co. to
deposits.
the newly organized Mercantile National Bank.
In Boston the further growth in deposits during This absorption by banks of a portion of the former
the year was quite noteworthy, the aggregate for business of the trust companies is the sole reason
December 31 1911 standing at $216,926,992, against why the totals of deposits and various other items still
$189,153,760 December 311910, $186,937,983 Decem- fall below the high figures of some earlier years notwithstanding recent growth. The St. Louis *Union
ber 311909, $173,765,331 December 31 1908 and only
Trust Co. during the twelve months increased its
$125,254,672 December 311907. Aggregate resources deposits from $24,486,338 to $27,176,982.
Surplus and
now are $258,248,402, against $228,753,662 at the
Capital.
Deposits. Resources.
Profits.
St. Louts—
3
end of 1910 and only $160,704,413 at the end of Deo. 31 1901( 6 cos.)
13,425,600 14,471,934 41,339,273 89.829,307
20,485.300 24,922,243 62,910,106 109,187,449
1902
Dec.
cos.)
1907. The number of companies has remained un- Dec. 31 1903( 9 cos.)
19.000,000 24,915,483 82,563,117 107,454,100
(8
31
16,000,000 22,507,930 78,706,702 117,214,632
31 1904( 5
changed during the last four years, it being 19. Capital Dec. 31 1905( 8 cos.)
16,100,000 23,385.809 71,681,442 111,268,041
cos.)
Dec.
16,350,000 23,584,014 74,512,832 115,189,588
Dec. 31 1906(
.the last twelve months increased from $12,250,000 Dec. 31 1907( 9 cos.)
13,350.000 22.527,837 88,329,762 107,028,169
98
1908( cos.)
13,452.400 22.782,021 61,819,831 97,856,192
Dec. 31
to $14,850,000, due to the fact that the Old Colony Deo. 31 1909 (13 cos.)
14,752,400 19.428,358 73,959.732 108.139,489
14,752,000 19,505,474 73,015,086 107,272,981
Dec. 31 1910 (13 cos.)
Trust Co, doubled its capital from $2,500,000 to Dec. 31 1911 (18 cos.)
15.002,400 19,591.743 78,169,009 112,763,152
FEB. 17 1912.]
THE CHRONICLE
RAILROAD GROSS EARNINGS FOR JANUARY.
Severely cold weather was a seriously adverse feature
during January, as it has been thus far in February,
and as a consequence our preliminary statement of
railroad gross earnings for January shows a small loss
as compared with the corresponding month of 1911.
Very possibly the showing as to net results will be
even less favorable, inasmuch as the extremely low
temperatures prevailing added greatly to the operating
expenses of the roads. The winter will be known as
one of the very coldest on record. In this city the
average temperature was the lowest with a single
exception (1893) in the forty-two Januaries during
which the Government Weather Bureau has been
keeping the records. In Chicago the month was the
coldest without any exception. In Northern New
York, and also in certain parts of the West, the roads
also had to contend with heavy falls of snow at times,
but at this centre and in middle latitudes generally
the chief drawback was the intense cold, which made
it difficult to keep up steam on the locomotives and
also interfered with outdoor railroad labor of all kinds.
Our early compilation as presented to-day shows
more roads reporting decreases than increases and if it
were not for the continued expansion in the earnings
of the Canadian lines resulting from the wonderful
prosperity which the Dominion of Canada is enjoying,
the falling-off in the aggregate would be large in
amount. As it is, the decrease from last year is only
$103,181, or less than one-fifth of 1%. This is on
87,404 miles of road in 1912, including the three
Canadian systems, namely the Canadian Northern,
the Canadian Pacific and the Grand Trunk Railway of
Canada. These three Canadian systems combined
have a gain of $1,997,547. With this eliminated the
result for the roads in the United States would be a loss
of $2,100,728. The exhibit is really poorer than
appears on the face of the returns, for the roads had
the advantage of an extra work day the present year,
January 1912 having contained only four Sundays
(leaving 27 working days), whereas January 1911 had
five Sundays (leaving only 26 working days).
It is also to be remembered that in January last year
earnings had not been swelled in any unusual degree.
Our early statement for January 1911, comprising
substantially the same mileage now represented,
showed only $1,360,699 increase, or 2.31%. Prior
to 1911, however, there were some noteworthy records
of expansion in January. The following furnishes a
summary of our early January totals back to 1897.
From this it will be seen that,except where weather conditions interfered 'seriously with railroad transportation or where panicky conditions prevailed in business,
the January record prior to the present year was one
of continuous growth.
Janua rib
Year.
Mileage.
Gross Earnings.
Year. Yr.pre- InGiven, ceding. cese.
Roads Miles. Mlles.
%
91,113
95,817
93,605
95,543
97,369
95,656
95,095
79,629
80,160
81,800
93,516
83,870
79,732
82,136
88,919
87,404
0.62
0.99
1.29
2.26
2.84
1.75
2.10
2.42
2.33
2.27
2.01
1.21
2.03
1.80
2.72
1.65
1897.... 124
1898.... 125
118
1900.... 104
1901.... 102
1902.... 94
1903.... 75
1904.... 66
1905.... 62
1906.... 59
1907.... 68
1908.... 58
1909.... 51
1910.... 50
1911.... 51
1912.... 48
90,550
94,873
92,416
93,427
94,683
94,011
93,137
77,749
78,338
79,997
01,670
82,857
78,148
80,888
88,559
85,984
Year
Given.
i
33,135,597
40,531,246
42,073,103
48,085,950
55,377,258
57,169,120
59,886,350
46,258,053
49,559,869
57,728,897
70,798,432
51,983,470
99,948,282
55,379,765
59,712,430
57,893,264
Year
Preceding.
$
35,962,790
34,640,631
39,423,994
41,770,230
51,031,757
53,126,110
54,740,827
48,085,470
46,790,179
48,559,919
60,253,693
56,959,863
47,680,819
48,022,938
58,351,731
58,001,495
Increase(±) or
Decrease (-).
$
%
-2,827,193 7.96
+5,890,615 17.00
+2,649,109 6.72
+6,315,720 15.10
+4,345,501 8.51
+4,043,010 7.61
+5,145,523 9.40
-1,827,417 3.80
+2,769,690 5.92
+9,168,978 18.88
+1,544,739 2.23
-4,976,393 8.74
+2,267.463 4.76
+7,350,827 15.32
+1,360,699 2.31
-103,181 0.18
Note -Neither the earnings of the Mexican roads nor the mining operations of
the anthracite coal roads are included in this table.
445
i There are a few roads distinguished for large increases this time in addition to the Canadian lines, but
these are mainly roads which sustained heavy decreases last year or which had favoring conditions the present year in the shape of better crops
or some other special circumstance. The Great
Northern reports $511,717 increase, which follows a
loss of no less than $777,029 in January 1911. The
increase of $144,000 on the International & Great
Northern and of $56,713 on the Texas & Pacific presumably reflects the larger cotton crop raised in Texas.
Among the losses, that of $1,300,360 reported by the
Illinois Central is no doubt due in some measure to the
continuation of the shopmen's strike on the Harriman roads, though this would hardly be sufficient in
itself to account for the entire amount of loss. In the
following we show all changes for the separate roads
for amounts in excess of $30,000.
PRINCIPAL CHANGES IN GROSS EARNINGS IN JANUARY.
Increases.
Decreases.
$1,551,000 Colorado & Southern_ _ _ _
Canadian Pacific
241.717
511,717 Missouri Pacific
Great Northern
201,000
Canadian Northern
405,500 Chesapeake & Ohio
193,907
144,000 Minneapolis & St Louis
Internat & Great Northern
190,593
Wheeling Zs Lake Erie_ _ _
99,233 St Louis Southwestern_ _ _
119.000
92,648 Chicago Great Western
Mitineap St Paul & S S M.
118,253
56,713 Southern Railway
Texas & Pacific
92,586
41,047 Chicago & Alton
Grand Trunk
92,396
37.894 Seaboard Air Line
Buffalo Rochester & Pitts_
75,716
Louisville & Nashville_
69.250
Missouri Kansas & Texas_
Representing 9 roads in
42,317
$2,939,752 Mobile & Ohio
our compilation
39,384
Decreases.
$1,300,360
Representing 14 roads in
Illinois Central
our compilation
Yazoo & Mississippi Valley 285,354
$3,041,832
Even the Southern roads, it will be seen (with the
exception of the two already mentioned in Texas)
are rather prominent for decreases this time. These
Southern roads were favored by an extraordinarily
large cotton movement. The shipments overland in
January 1912 reached 244,342 bales, against only
169,424 bales in January 1911 and but 151,778 bales
in January 1910, while the receipts at the Southern
outports aggregated 1,426,881 bales, against 976,659
bales in 1911 and 580,384 bales in 1910.
Western roads would appear to have experienced a
falling off in their grain traffic. The corn deliveries,
it is true, at some of the primary markets were somewhat in excess of those of 1911, but on the other hand
much less wheat, oats and barley was brought in.
Adding rye, the receipts of the five cereals for the five
weeks ending Feb. 3 the present year foot up only
59,633,251 bushels, against 65,202,414 bushels in the
corresponding five weeks of 1911. The details of the
Western grain movement in our usual form are set
out in the following table:
Five weeks end.
Ins Feb.3Chicago
1912
1911
Milwaukee
1912'
1911
St. Louis
1912
1911
Toledo
1912
1911
Detroit
1912
1911
Cleveland
1912
1911
WESTERN FLOUR AND GRAIN RECEIPTS.
Wheat,
Flour,
Corn,
Barley,
Oats,
(bbls.)
(bush.)
(bush.)
(bush.)
(bush.)
•
Rye
(bush.)
506,754
499,628
672,000 14.766,950 5,889.600 2,191,300
904,900 14,227,700 10,057,800 2,372,500
179,000
130,500
287,265
227,924
515,740 1,035,050
929,874 1,215,380
487,030 1,052,030 1,154,974 1,405,180
344,300
121,380
227,820
985,300 5,290,800 1,171,300
241,860 1,495,811 2,930,025 2,015,990
13,600
395,696
1,100
52,800
260,000
281,000
689,800
852,200
159,000
207,000
25,874
19,890
92,838
131,995
415,853
625,297
266,495
181.717
2,895
2,410
20,761
64,900
138,784
292.378
149,685
259,292
500
1,081
54,035 3,205,202
69,733 2,356,342
482,400
518,000
172,800
300,900
17.800
42,800
266,850
115,334
47,064
121,311
18,001
118
9,036,020
625,170 1,078,070 1,252,990
9,147,880 1,402,640 1,241,840 1,848,370
153,390
153,970
1,000
3,000
Peoria
-
1912
1911
DuZulh1912
1911
Minneapolis
1912
1911
Kansas City
1912
1911
Total of all
1912
1911
200,909
192,511
51,415
720,789
40,630 1,550,262
210,538
1,197,400 3,329,960
2,169,800 1,846,800
579,500
401,600
1,302,932 13,554,883 29,497,569 10,972,774 4,894,634
1,224,853 16,303,311 25,795,950 16,153,547 6,445,038
713,391
504.568
To complete our analysis we furnish the following
six-year comparisons of the earnings of leading roads
arranged in groups.
[VOL. Lxxxxiv.
THE CHRONICLE
446
EARNINGS OF NORTHWESTERN AND NORTH PACIFIC GROUP.
Gross Earnings.
Name of Road.
January.
1912.
1910.
1911.
1909.
1908.
1907.
Canadian Pac_ 7,201,000 5,650,000 8,104,426 4,761,860 4,498,560 4,205,527
816,921
950,649
879,372
660,642
710,297
832,396
Chicago Gt W•
211,327
235,120
196,967
199,207
226,500
212,738
Dul So Sh & At
Great Northern 3,797,532 33,285,815 34,062,844 32,729,995 33,073,786 2,543,527
299,242
899,833 J 322,653
509,041
280,932
312,254
Mlnneap & St 1
1 253,347
235,457
257,611
272,747
L Iowa Cent
M StP& SS.1.1a 1,609,922 1,517,274 1,568,720 1,330,378 1,287,867 1,248,387
Total
14,162,629 12,338,491 13,402,689 10,370,820 10,258,605 9,517,239
• Includes Mason City & Fort Dodge and the Wisconsin Minnesota & Pacific in
1912, 1911, 1910, 1909 and 1908.
a Includes Chicago Division in 1912, 1911, 1910, 1909 and 1908; for previous year
have combined Minn. St. Paul & S. S. M. and Wisconsin Central.
b Actual figures of earnings are now used for comparison.
EARNINGS OF MIDDLE AND MIDDLE WESTERN GROUP.
January.
1912.
1911.
1910.
$
820,018
448,748
$
782,124
432,953
$
655,925
421,967
1909.
1908.
11,663,535 12,840,786 11,827,435 10,646,819 10,617,233 11,557,089
a No longer includes receipts from outside operations.
S No longer includes receipts for hire of equipment, rentals and other items.
c Includes earnings of the Indianapolis Southern, beginning with July 1910.
d Month of January not reported; taken same as last year.
EARNINGS OF SOUTHERN GROUP.
January.
Total
1910.
1909.
1908.
1907.
$
392,948
$
371,039
$
307,255
3
254,168
$
342,670
314,823
154,949
135,585
238,110
1,105,500
2,835,113
786,337
4,508,460
935,489
1,838,150
4,878,866
1,050,163
292,871
146,054
126,430
210,359
979,835
2,541,852
742,453
4,421,361
894,733
1,683,541
4,480,219
896,791
296,130
140,331
127,295
173,497
914,557
2,109,653
662,813
3,754,769
811,929
1,529,157
4,035,975
942,001
245,390
132,113
123,520
107,667
877,107
1,884,763
555,657
3,299.868
731,263
1,215,680
3,802,217
a935,579
277,104
146,732
134,868
139,904
1,092,484
2,000,288
591,012
4,077,101
933,623
1,957,257
4,616,719
967,849
1912.
•
$
Ala Great Sou_
387,337
Ala N 0 & T PNO & N E'n
320,322
Ala & Vicks
199,061
128,154
Vicks Sh & P
Atl Bum & Atl
258,600
Cen of Georgiac 1,082,000
Ches & Ohlo_b 2,641,206
782,766
Cin N 0 & T P
Lou & Nashyb 4,439,210
896,105
Mobile & Ohio
Seaboard A L_ 1,762,434
Southern Ry__ 4,786,280
784,809
Yazoo & M Val
1911.
18,418,284 19,174,493 17,787,538 15,805,362 14,164,992 16,777,591
a Includes, beginning with this year, some large items of income not previously
Included In monthly earnings.
S Includes Louisville & Atlantic and the Frankfort & Cincinnati in 1912, 1911,
1910 and 1909.
Includes Chesapeake & Ohio of Indiana. beginning July 1 1910.
EARNINGS OF SOUTHWESTERN GROUP.
January.
Colo & South•
Den & Rio Gr_
Int & Gt Nor_
Mo Kan & T_a
Mo Pacific__ _
St Louis S W_
Texas & Pac__
Total
1912.
1911.
1910.
1909.
1908.
1907.
$
1,094,036
1,664,400
877,000
2,309,526
4,099,000
937,000
1,379,376
$
1,335,753
1,648,100
733,000
2,351,843
4,300,000
1,056,000
1,322,663
$
1,394,323
1,722,955
899,467
2,115,584
4,180,355
914,534
1,361,282
$
1,265,683
1,569,468
655,331
2,005,218
3,673,253
834,902
1,246,809
$
1,289,049
1,433,123
596,391
1,791,386
3,243,867
722,354
1,261,840
$
1,174,554
1,594,143
832,711
2,293,266
3,830,629
850,323
1,636,474
12,360,338 12,747,359 12,388,500 11,250,664 10,318,010 12,212,100
• Excludes Colorado Springs de Cripple Creek District in 1912; in Jan. 1911 the
earnings of this road were $52,376.
a Includes the Texas Central in 1912, 1911 and 1910.
GROSS EARNINGS AND MILEAGE IN JANUARY.
Gross Earnings.
Name of Road.
1912.
Alabama Great Southern_
Ala New On & Tex PacNew Or! & Northeast'n
Alabama & Vicksburg_
Vicks Shrev & Pacific..
Ann Arbor
Atlanta B'ham & Atlantic
Bellefonte Central
.
tt
Buffalo Rochester
...
..
Canadian Northern
Canadian Pacific
Central of Georgia
Chesapeake & Ohio
Chicago & Alton
Chicago Great Western
Chicago Ind & Louisv
Gino New On Fe Tex Pac_
Colorado & Southern__
Denver Fe Rio Grande_
Detroit & Mackinac
Detroit Toledo & Ironton
Duluth South Shore & At
Georgia Southern & Fla
Grand Trunk of Can
Grand Trunk West __
Det Gr Hay & Milw
Canada Atlantic
Great Northern
Illinois Central
Internat'l & Gt Northern
Louisville & Nashville....
Midland Valley
Mineral Range
Minneapolis & St Louis _ _
Minneap St Paul &ssm
Missouri Kans & Tex_a
Missouri Pacific
Mobile Fe Ohio
Nevada-Cal-Oregon
Rio Grande Southern_
St Louis Southwestern..
Seaboard Air Line
Southern Railway
1911.
387,337
392,948
320,322
140,061
128,154
168,813
258,800
5,103
820,018
1,228,100
7,201,000
1,082,000
2,641,206
1,052,109
832,396
448,748
782,766
1,094,036
1,664,400
84,019
136,405
212,738
183,600
309
1911.
309
314,823
4-5,499
195
195
--5,808
154,959
142
142
---7,431
135,585
171
171
--2,804
171,617
292 6292
238,110
4-20,490
661
661
6,066
--963
27
27
782,124
4-37,894
572
566
822,600 4-405,500 3,731 3,386
5,650,000 4-1,551,000 10,832 10,276
1,105,500
--23,500 1,915 1,915
2.835,113 --193,907 2,242 2,225
1,144,505
--92,396 1,025 1,025
950,649 --118,253 1,496 1,489
A-15,795
432,953
616
615
786,337
--3,571
336
336
1,335,753 --241,717 1,884 2,013
1,648,100
A-16,300 2,555 2,553
90,543
--6,524
353
360
141,340
--4,935
441
441
235,120
--22,382
616
804
197,538
--13,938
395
395
3,422,286 3,381,239
3,797,532
4,186,988
877,000
4,439,210
115,904
61,932
509,041
1,809,922
2,309,526
4.099,000
896,105
16,086
40,018
937,000
1,782.434
4.786.280
Mileage.
(+) or 1912.
(-).
Inc.
Dec.
--5,611
+41,047 4,528 4,528
3,285,815 4-511,717
5,487,348 --1,300,360
733,000 4-144,000
--69,250
4,508,480
A-6,794
109,110
65,404
--3,472
699,633 --190,592
+92,648
1,517,274
--42,317
2,351,843
4.300,000 --201,000
--39,384
935,489
+4,996
11,070
+3,651
36,387
1,056,000 --119,000
--=75,716
1,838,150
--92.586
4,878,866
1911.
1912.
1911.
8,886
Tenn Alabama
ori
6,916
...... 1.379,376 1,322,663
Texas & Pacific..
107,932
Toledo Peoria &-Western
113.424
304,577
281,696
Toledo St Louis & West_
462,754
Wheeling & Lake Erie__
561,987
Yazoo & Miss Valley.
784,809 1,050,163
-1,970
94
94
+56,713 1,885 1,885
+5,492
247
247
+22,881
451
451
+99,233
457
457
-265,354 1,372 1,372
Total (48 roads)
57,898,264 58,001.445
Net decrease (0.18%).
Mexican Roads (not inclu ded in tot al)
Interoceanic of Mexico_
755,502
783,211
Mexican Railway
y488.500 y476,100
National Rys of Mexico_z 5,633,394 5,483,284
--103,181 87,404 85,984
-27,709 1,035 1,035
361
+12,400
375
+150.110 6,132 6,147
a includes the Texas Central in both years.
z Now includes Mexican International in both years.
y These figures are for three weeks only ih both years.
1907.
$
467,183
336,422
3
Buf Roch & P_
673,258
Chic Ind & Lou
430,897
Gr Trk of Can)
Gr Tr Westi 3,422,286 3,381,239 3,152,992 2,640,416 2,768,444 3,240,854
DGH&M
Can Atlan_
Illinois Cent_c_ 4,186,988 65,487,348 64,913,049 a4,831,070 a4,619,840 4,659,059
Tol Peor & W_
85,940
107,615
121,121
113,424
107,932
112,063
241,504
ml St L & W_
304,577
281,696
293,668
288,630
332,07
Wabash
.d2,367,494 2,367,494 2,282,219 1,986,148 2,015,593 2,107,961
Total
$
501,786
359,955
1912.
Mileage.
(+) or
(-).
Inc.
Dec.
7,345
4.755
1,160
4,705
323
127
1,585
3,769
3,398
7,231
1,114
238
180
1,499
3,046
7,089
7,274
4,732
1,160
4,591
323
127
1,585
3.525
3.381
7,236
1,114
184
180
1,476
3,027
7.039
RAILROAD GROSS AND NET EARNINGS FOR
DECEMBER.
The efforts of railroad managers to retrench in their
expenditures have been bearing fruit of late. In the
article immediately preceding we have discussed
the advance figures of railroad earnings for the
month of January; but these figures relate merely to
the gross earnings, and cover only the roads which
make it a practice to furnish early returns. What the
showing as to net will be it would be hazardous to
attempt to guess at this date, inasmuch as expenses
in that month were heavily increased, owing to the
intense cold prevailing. In the present article we
deal with the final figures for December 1911 and include the results as to both gross and net. The showing as to net is more satisfactory than for any other
month of the calendar year 1911, due to the fact that
some important railroad systems were able to cut
down their expenses in very drastic fashion, as contrasted with the very large outlays of the previous
year. Stated in brief, there is an increase of $1,339,735 in the gross, or,roughly,one-half of 1%, and this
has been attended by a saving in expenses of $3,108,672, the two combined producing a gain in net of $4,448,407, or 7.83%.
December (800 roadsMlles of road
Gross earnings
Operating expenses
Net earnings
1911.
1910.
238,561
235,682
4233,614,912 $232,275,177
172,389,535
175,498,207
261,225,377
456,778,970
Inc.(+)orDec.(-)
Amount.
%
+2,879 1.22
+21,339,735 0.57
-3,103,672 1.77
+84,448,407 7.83
It must not be inferred that improvement is general
or uniform, either as to gross or net. On the contrary,
many important systems have sustained.large losses
in gross and net alike. As a rule the roads in the
eastern half of the country have done well and those
in the western half have done poorly. It is among
the former that most evidence is found of the retrenchment policy which is being pursued and it is among the
same class of roads that retrenchment has been attended with most success. One reason for this is that
it is on these roads that the most pronounced augmentation in expenses occurred in the previous year.
For illustration we may refer to the returns of the
Pennsylvania RR. and the New York Central. The
New York Central this time reports $154,622 increase
in gross and $598,527 increase in net; but in December of the previous year it had $455,054 gain in gross
with $640,552 loss in net. Evidently the large expenses of December 1910 furnished a basis for the curtailment of 1911. The figures given are for the Central
proper. Including the various auxiliary and controlled roads, the whole going to form the New York
Central System, the result the present time is a gain
of $278,405 in gross and of $1,791,813 in net. In
the corresponding month of the previous year, on the
other hand, the Central System showed $1,064,022
gain in gross with $1,391,837 loss in net. Similarly
the returns of the Pennsylvania Railroad furnish evidence of forced economy after liberal outlays the pre-
FEB. 17 1912]
-THE CHRONICLE
vious year. On the lines directly operated, both East
and West of Pittsburgh, we have on this occasion a
gain of $740,571 in gross and of $1,209,746 in net.
The previous year the showing was the exact reverse
of this, the Pennsylvania lines directly operated then
recording $639,891 falling off in gross, with no less
than $2,451,556 loss in net. Other illustrations of
improved exhibits now are $385,134 increase in gross
and $506,606 increase in net on the New York New
Haven & Hartford, $346,428 gain in gross and $556,761
gain in net on the Baltimore & Ohio and $235,278 addition to gross and $377,844 to net on the Boston & Maine.
In the case of Western roads the showing was still
relatively good at the end of 1910, owing to the eireumstance that the crops then had been large and
that the effects of business reaction were not then in
evidence in the way they were in the eastern half of
the country. Now these roads are feeling the effects
of both business depression and reduced crops. The
Illinois Central, which has fallen behind $411,794 in
gross and $975,603 in net, belongs,of course,in a class
by itself, owing to the shopmen's strike on the Harriman roads, and doubtless the losses on the Southern
Pacific and the -Union Pacific are,for the same reason,
somewhat larger than they otherwise would have been.
We need not, however, confine ourselves to these
roads in seeking to show that Western roads, as a rule,
have fared less satisfactorily than Eastern roads.
The Atchison suffered a contraction of $623,735 in gross
and $213,464 in net; the Rock Island a loss of
$400,013 in gross and $308,576 in net; while the
Chicago & North Western has $284,963 decrease
in gross and $135,382 decrease in net. Some of
these Western systems carried their retrenchment
policy as far as the Eastern roads. The Chieago
Burlington & Quincy is an example; though having lost $508,757 in gross, its decrease in net is no
more than $9,832; even in the previous year this
road had cut its expenses down, as it then reported a
larger gain in net than in gross-$889,532 in gross and.
$986,578 in net. The Great Northern and the Northern Pacific are exceptions to the general rule of decrease
in the western half of the country and record increases
in both gross and net; the same roads did well, too,
in December of the previous year. In the following
we show all changes for the separate roads for amounts
in excess of $100,000, whether increases or decreases,
in both gross and net.
PRINCIPAL CHANGES IN GROSS EARNINGS IN DECEMBER.
Increases.
Decreases.
Pennsylvania
y$740,571 Atch Topeka dfc Santa Fe__ $623,735
N Y New Haven & Hartf
385,134 Chicago Burl & Quincy... 508,757
Minneap St Paul & S S M._ 374,368 Illinois Central
411,794
Baltimore & Ohio
346,428 Rock Island
400,013
Great Northern
326,060 Southern Pacific
313,794
Norfolk & Western
321,712 Chicago & North Western_ 284,963
Northern Pacific
239,470 Colorado & Southern
229,146
Boston & Maine
235,278 St Louis & San Francisco.. _ 226,869
Elgin Joliet & Eastern.. _ _ _ 194,169 Yazoo & Mississippi Valley 217,718
Internat ec Great Northern_ 193,439 Missouri Kansas & Texas.. 127,780
Southern
165,886 Cleve Cino Chle & St L_ _
126,316
N Y Central dc Hud lily
a154,622 Denver & Rio Grande
115,933
Chesapeake & Ohio
151,261 Louisville & Nashville.. _ _ _ 115.838
Chicago Milw & Puget Sd
144,587 Kansas City Southern _ _ _ 115.383
Atlantic Coast Line
142,515 Chicago Milw de St Paul__ _
Bessemer & Lake Erie__ _ 133,758 N Y Chicago & St Louis... 108,659
105,448
Missouri Pacific
• 131,097 Northern Central
102,154
Michigan Central
118,491
Pere Marquette
117,357
Representing 17 roads in
Pitts do Lake Erie
116,227
our compilation
$4,134,300
Spokane Port & Seattle
114,777
Central of New Jersey
108,661
West Jersey & Seashore__ _ 105,368
447
Decreases. •
'-'
Decreases.
Illinois Central
$975,603 Colorado & Southern
$156,137
Southern Pacific
517,578 Chicago & North Western
135,382
Union Pacific
367,965 San Pedro Los Ang 45 L. 121,179
Yazoo & Mississippi Valley 323.756 Sunset
119,973
Rock Island
308,576
Atch Topeka & Santa Fe.. 213,464
Representing 11 roads in
Missouri Kansas do Texas_
161,051
our compilation
$3,400.864
a These figures cover merely the operations of the New York Central itself.
Including the various auxiliary and controlled roads, like the Michigan Central, the Lake Shore, the "Big Four," the "Nickel Plate," &c., the whole
going to form the N. Y. Central System, the result is a gain of $1.791,813.
y These figures represent the lines directly operated east and west of
Pittsburgh, the Eastern lines showing $952,770 increase and the Western
lines $256,976 increase. For all lines owned,leased, operated and controlled.
the result Is a loss of $1,425,03/.
When the roads are arranged in groups or geographical divisions, the distinction between the results
in the western half and those in the eastern half is
clearly discernible. In the eastern half the four geographical divisions all show improved gross and three
of them improved net, while in the western half two
of the three divisions have losses in gross and the
whole three losses in net. Our summary by groups
is as follows:
SUMMARY BY GROUPS.
Gross Earnings
1911.
1910.
inc.(+)or Dec.(-)
Section or Group--
December-Group 1 (24 roads), New England_... 11,179,540 10,481,266 +698.274
Group 2 (143 roads) East & Middle... 56,704,159 55,086,381 +1,617,778
Group 3 (94 roads) Middle West
29,711,647 29,278,347 +433,300
Groups 4 Ar 5 (167 roads)
32,692,802 32,123,021 +569,781
Groups 6 dc 7 (123 roads) Southern.. 49,712,392 50,411,571 -699,179
Northwest..
Groups 8 & 9 (184 roads) Southwest
39,777,420 41,334,791 -1,557,371
Group 10 (65 roads) Pacific Coast
13,836,952 . 13,559,800 +277,152
Total (800 roads)
-Mileage
1911. 1910.
Group No. 1
Group No. 2
Group No. 3
Groups Nos. 4 & 5....
Groups Nos. 6 & 7.._
Groups Nos. 8 & 9...
Group No. 10
7,769
26,681
23,292
41,579
65,942
56,710
16,588
7,723
26,564
23,093
41,172
65,263
55,801
16,066
6.66
2.94
1.48
1.77
1.38
3.77
2.04
233,014,912 232,275,177 +1,339,733 0.57
Net Earnings
1911.
1910.
inc.(+)orDec.(-)
$
$
3,144,723
2,190,584 +954,139 43.55
17,009,370 14,306,358 +2,703,012 18.89
8,755,161
6,836,646 +1,918,515 28.08
11,048,980 11,332,942 -283,962 2.51
4,133,920 4,217,189
-83,269 1.98
11,997,035 12,646,346 -649,311 5.14
5,136,188 5,246,905 -110,717 2.11
Total
238,561 235,682 61,225,377 56,776,970 +4,448,407 7.83
-Group I. ineludes all of the New England States.
NOTE.
Group II. Includes all of New York and Pennsylvania except that portion west
of Pittsburgh and Buffalo; also all of New Jersey, Delaware and Maryland, and
the extreme northern portion of West Virginia.
Group III. includes all of Ohio and Indiana; all of Michigan except the northern
peninsula, and that portion of New York and Pennsylvania west of Buffalo and
Pittsburgh.
Groups IV. and V. combined include the Southern States south of the Ohio and
east of the Mississippi River.
Groups VI. and VII. combined include the northern peninsula of Michigan, all of
Minnesota, Wisconsin, Iowa and Illinois; all of South Dakota and North Dakota, and
Missouri north of St. Louis and Kansas City; also all of Montana, Wyoming and
Nebraska, together with Colorado north of a line parallel to the State line passing
through Denver.
Groups VIII. and IX. combined include all of Kansas, Oklahoma, Arkansas and
Indian Territory; Missouri south of St. Louis and Kansas City; Colorado south of
Denver; the whole of Texas and the bulk of Louisiana; and that portion of New
Mexico north of a line running from the northwest corner of the State through
Santa Fe and east of a line running from Santa Fe to El Paso.
Group X. includes all of Washington, Oregon, Idaho, California, Nevada, Utah
and Arizona, and the western part of New Mexico.
. If we extend our comparison further back, we get
evidence of the part played by augmented expenses in
previous years, these increases furnishing the basis
for the economies carried through in December 1911.
Dealing for this purpose with the general totals, we
find that in December 1910 a gain of $15,965,153 in
gross yielded an addition to net of only $2,498,454,
according to the compilations of the Inter-State Commerce Commission, and that in December 1909 a gain
of $16,720,194 in gross was attended by an actual loss
in net of $185,996. In the following we furnish the
December summaries for each year back to 1896.
For 1910, 1909 and 1908 we use the Inter-State Commerce totals, but for preceding years we give the results just as registered by our own tables each year
a portion of the railroad mileage of the country being
always unrepresented in the totals, owing to the refusal of some of the roads to give out monthly figures
for publication.
Representing 23 roads in
our compilation
$5,061,236
-All the figures in the above are on the basis of the returns filed
Note.
with the Inter-State Commerce Commission. Where, however, these reGross Earnings.
Na Earnings.
turns do not show the total for any system, we have combined the separate
Year.
roads so as to make the results conform as nearly as possible to those given
Year
Year
Increase or
Year
Year
Increase or
In the statements furnished by the companies themselves.
Given.
Preceding. Decrease.
Given.
Preceding. Decrease.
a These figures cover merely the operations of the New York Central itself
Including the various auxiliary and controlled roads, like the Michigan CenDec.
$
$
tral, the Lake Shore, the "Big Four," the "Nickel Plate," &c., the whole 1896 _
-47,294
going to form the New York Central System, the result is a gain of $278,405. 1897 _ _ 51,220,114 52,520,887 -1,300,773 17,883,104 17,930,398
67,542,721 59,449,009 +8,093,712 23,700,713 20,129,314 +3,571,399
y These figures represent the lines directly operated cast and west of 1898
70,810,178 66,079,889 +3,830,289 24,790,227 23,220,664 +1,569,563
Pittsburgh, the Eastern lines showing $623,130 increase and the Western
1899
78,244,324 71,010,127 +7,234,197 27,637.073 24,908,012 +2,729,061
lines $117,441 increase. For all lines owned,leased, operated and controlled,
1900 _
90,789,657 81,465,495 +9,324,162 33,093,800 29,056,298 +4,037,502
the result is a gain of $717,386.
1
96,268,122 92,628,931 +3,639,191 33,354,272 33,766,831
-412,559
PRINCIPAL CHANGES IN NET EARNINGS IN DECEMBER.
1902....104,232,385 93,160,941 +11,071,444 33,245,049 30,891,659 +2,353,390
1903
106,978,224 102,928,990
Increases.
-473,209
.
Increases. 1904 ___ 116,253,981 108,670,412 +4,049,234 33,726,576 34,199,78
Pennsylvania
y$1,209,746 Delaware do Hudson
$175,203 1905 _ 133,775,020119,125,948 +7,583,569 36,794,527 32,411,588 +4,382,939
+14,649,072 46,525,454 38,842,111 +7,683,343
Lake Shore & Mich So_ _ _
833,172 Elgin Joliet do Eastern
155,584
N Y Central & Hud lily_ a598,527 Bessemer ee Lake Erie... 155,244 1906 _ 135,735,226 124,733,435 +11,001,791 43,831,182 42,943,000
+887,282
1907 _ _ 132,199,762 141,312.429
Baltimore do Ohio
556,761 Philadelphia & Reading__
143,772 1908 ___ 205,777,451 194,222,311 -9,112,667 34,354,158 45,998,208-11,644,048
507,138 Chesapeake & Ohio
Missouri Pacific
119,335 1909 _ _ 222,692,092205,971,808 +11,555,14 68,495,740 51,533,086+16,062,654
+16.720,194 68,467,305 68,653,301
506,606 Chic let ec Can G Tr Jct. 112,841
N Y New Haven & Hartf_
-185,996
1910 _ 236,835,304 220,870,151
484,028 Long Island
Chicago Milw & St Paul__
112.522 1911 ...233,6l4,912232,275,1 +15,965,153 70,357,004 67,858,550 +2,498,454
77 +1,339,735 61,225,377 56,776,97 +4,448,907
427,960 St Louis & San Fran
Northern Pacific
110,384
377,844 Southern
Boston do Maine
106,333
376,338
Minneap St Paul & S S 2.1_
Note.
-In 1806 the number of roads included for the month of December was 128;
244,117
Great Northcrn
In 1897, 130; In 1898, 122: In 1899, 110; In 1900, 121; In 1901, 104; in 1902, 105; la
Northern 220,499
Intcrnat & Great
Representing 22 roads in
1903, 99; In 1904, 95; in 1905, 96; in 1906, 96; in 1907, 89. In 1908 the returns were
182,615
Norfolk & Western
our compilation
$7,716,569 based on 232,007 miles of road; in 1009 239,481; in 1910, 241,364; in 1011, 238,561.
448
[VoL. Lxxxxiv.
THE CHRONICLE
Trust
Touxpang geturns.
NEW YORK, BROOKLYN, BOSTON, PHILADELPHIA AND ST. LOUIS.
We furnish below complete comparative statements of the condition of all the trust companies in Boston,
Philadelphia, New York, Brooklyn and St. Louis. This is in continuation of a practice begun some ten years
ago. The statements occupy altogether over fourteen pages.
The dates selected for comparison are December 31 1911, December 31 1910 and December 31 1909.
In the ease of the Boston, the Philadelphia and the St. Louis companies, we have sought to get figures for
these dates and have quite largely succeeded. As, however, no returns for those dates are required by
the State authorities, several of the Boston companies and a number of the Philadelphia and St. Louis cornpanics have not found it convenient to compile statistics for December 31, but have furnished instead the
latest complete figures available.
As far as the New York companies are concerned we have been obliged to make a departure in the method
of compiling the returns. In previous years it has always been the practice of the State Banking Department to require the trust companies to render a statement of their condition, showing resources and liabilities,
for the last day of December, and also to furnish certain supplementary statistics for the twelve months of
the calendar year. On the present occasion, this time-honored practice was abandoned, and the Superintendent instead called on the companies for a statement of the;r condition as of December 21 and waived entirely the requirement as to the supplementary items of information. As these supplementary statistics,
dealing with earnings, expenses, dividends, &c., have constituted the most valuable feature of the annual
returns and the record extends back a quarter of a century or more, we have not felt satisfied to let the record
be broken. Accordingly we have made direct application to the companies in each instance and we are
pleased to be able to state that in over two-thirds of the cases we have been successful in obtaining the supplementary statistics, as the comparisons below will attest. As regards the resources and liabilities, we use
the December 21 figures of the Banking Department, as being sufficiently near to the end of the year to
answer all practical purposes.
NEW YORK COMPANIES.
Astor Trust Co. (New York).
Broadway Trust Co. (New York).
Dec. 21 '11. Jan. 1 11. Jun. 1 '10.
Resources*110,000
Bonds and mortgages
.
Stocks and bond investments:
1,502,102
1,418,218
1,420,994
Public securities (market value)
4,999,799
5,074,646
Other securities (market value) __ _ 7,190,508
5,216,950
4,032,495
5,231,665
Loaned on collateral
396,050
379,600
264,900
Other loans
1,953,642
2,707,345
1,073,100
Bills purchased
565
Overdrafts
8,644
7,989
2,729,322
1,992,169
1,034,949
Due from trust cos., bks. & bankers
1,953,886
1,595,419
1,658,391
Specie
159,340
50,000
150,000
Legal-tender notes & bills of nat. bks.
458,407
10,908
21,628
Cash items
63,964
148,317
127,006
Other assets
ResourcesDec. 21 '11. Jan. 1 '11. Jan. 1 '10.
Bonds and mortgages
*128,122
$51,700
$53,000
Stock and bond investments:
Public securities (market value) __ _
562,343
678,391
656,565
Other securities (market value) __ _
172,120
66,125
168,860
Loaned on collateral
1,153,655
1,235,526
1,110,991
Bills purchased
1,913,489
2,238,382
1,879,827
Overdrafts
284
803
270
Due from approved res. depositories..
880,528
851,296
1,067,579
Due from trust cos., bks. & bankers
533,559
153,921
306,548
Specie
315,892
386,679
309,677
Legal-tender notes lic bills of nat. bks.
153,208
172,300
140,600
Cash Items
9,693
55,905
37,005
Other assets
41,644
37,665
38,159
521,813,089 $17,316,551 $16,002,226
Total
Liabilities
$1,250,000 $1,250,000 $1,250,000
Capital stock
914,634
813,929
Surplus fund & undiv. prof. (mkt.val.) 1,139,393
7,953
7,999
7,816
Reserved for taxes
Preferred deposits
687,752
1,197,871
470,969
Due savings banks
1,151
15,180
765
Due as executor, administrator, &c.
144,935
148,270
70,000
Trust dep.&dep. sec. by N.Y. bds_
16,908,773 13,834,629 12,797,946
Due depositors (not pref.)
396,422
425,166
555,356
Due trust cos., banks and bankers__ _
752,699
96,950
35,308
Other liabilities
•
$21,813,089 317,316,544 $16,002,226
Total
1909.
1910.
1911.
Supplementary-For Cal. Year*601,175
$736,089
$861,975
Total int. & comm.rec'd during year
33,788
250,000
All other profits received during year_
Charged to profit and loss
5,500
On account of depreciation
59
342
5,924
On account of other losses
339,237
354,432
451,616
int. credited to depositors during year
130,426
158,235
143,039
Expenses during year, exclud. taxes_
75,000
125,000
100,000
Amt. of divs. declared on capital stk_
17,545
23,538
22,448
Taxes paid during the year
deposits on which int. is allowed 16,922,200 12,286,200 12,191,000
Amt.
Bankers Trust Co. (New York).
Dec. 21 '11. Jan. 1 '11." Jan. 1 '10.•
$2,750,000 42.225,500 52,382,500
Bonds and mortgages
Stock and bond investments:
3,942,680
3,657,413
5,254,059
Public securities (market value)
Other securities (market value)__ _ 33,163,277 27,485,128 21,571,230
65,720,080 63,792,619 74,227,151
Loaned on collateral
155,190
787,075
1,328,225
Other loans
10,168,629
2,515,686
5,454,635
Bills purchased
1,149,049
256.157
2,935,522
Real estate
6,552,679
6,319,660
Due from approved res. depositories.. 11,700,073
5,513,386
6,909.988
792,696
Due from trust cos., bks. kbankers
14,212,554
9,899,919
9,564,413
Specie
678,690
2,157,370
2,080,055
Legal-tender notes & bills of nat. bks.
1,876,898
2,300
2,558
Cash items
980,717
834,625
654,476
Other assets
Resources-
$157,678,207$129,797,223$124,178,877
Total
Liabilities
$5,000,000 $5,000,000 $5,000,000
Capital stock
Surplus fund & undly. prof.(mkt.val.) 13,518,402 14,002,429 13,549,586
77;999
210,639
194,673
Unpaid divs. and reserved for taxes_
Preferred deposits
3,932,799
4,710,396
2,428,115
savings banks
Due
5,170,816
6,425,959
Due as executor, administrator, &c. 8,369,318
7,402,628
5,832,819
Trust dep.&dep.sec. by N.Y.bds.(pf.)9,926,232
97,281,344 79,659,220 76,676,890
Due depositors (not preferred)
Due trust cos., banks and bankers_ _ _ 22,705,855 14,230,679 13,683,521
188,063
1,588,661
387,822
Other liabilities
$157,678,207$129,797,223$124,178,877
Total
•
1910.
1911.
1909.
•
Supplementary-For Cal. YearTotal int. & comm. rec'd during year_ 14,971,729 $5,786,903 $4,392,127
472,139
t85,190
505,335
All other profits received during yea.
Charged to profit and loss
100,075
22,688
On account of depreciation
386,045
92,229
On account of other losses
3,257,113
2,729.18 5
581.245
Int. credited to depositors during year t2,941,128
618,105
1551,295
Expenses during year, exclud. taxes_
1,080,000
1,100;1 08
399 01 0
Amt. of divs. declared on capital stk_ 11,140,000
172,262
Taxes paid during the year
0 00
" 43
Amt.deposits on which int. is allowedt132,008, 80 103,343,000 96,674,900
• Figures of previous years are combined results of the Bankers and Mercantile Trust companies, these two institutions having been consolidated
in Aug. 1911. t These figures do not include the results of the Mercantile
Trust Co. prior to the merger on Aug. 10 1911.
Total
$6,310,070
Total
Supplementary-For Cal. YearTotal int. & comm.rcc'd during year_
All other profits received during year_
Charged to profit and loss
On account of depreciation
On account of other losses
Int. credited to depositors during year
Expenses during year, exclud. taxes..
Amt. of divs. declared on capital stk.
Taxes paid during the year
Amt. deposits on which Int. Is allowed
35,771,261
$5,480,920
$700,000
431,221
3,004
$700,000
440,219
5
87
13,000
$700,000
436,465
22
3,000
79,344
41,427
6,624
4,777,040
252,192
19,218
60,873
54,589
52,916
24,267
4,132,133
359,738
20,622
4,055,698
189,801
18,751
$6,310,070
Liabilities
Capital stock
Surplus fund & undiv. prof.(mkt.val.)
Unpaid dividends
Reserved for taxes
1
Preferred deposits
Due say. bks. & say. & loan ass'ns_
Due as executor, administator, &c.
Sec. by trust co. assets
Due depositors (not preferred)
Due trust cos., banks and bankers
Other liabilities
$5,771,267
$5,480,920
1910.
$202,614
8,603
1909.
$192,215
10,321
(2)
(?)
64,460
77,337
42,000
11,360
3,724,000
1,261
6,563
53,805
65,529
10,500
10,973
3,781,800
1911.
Central Trust Co. (New York).
ResourcesDec. 21 '11.
$1,672,171
Bonds and mortgages
Stock and bond investments:
4,714,841
Public securities (market value)
23,671,910
Other securities (market value)
45,404,003
Loaned on collateral
60,000
Other loans
3,929,688
Bills purchased
1,007,935
Real estate
Due from approved res. depositories_ 17.181,859
428,518
Due from trust cos., bks. & bankers..
9,979,773
Specie
7,000
Legal
-tender notes & bills of nat. bks.
693,106
Other assets
Total
Jan. 1 '11. Jan. 1 '10.
$1,197,868 $1,079,597
2,450,621
3,997,712
22,016,287 21,167,745
42,319,122 62,454,196
129,0001
834,148
2,059,8915
986,830
984,973
6,950,027
8,785,908
8,870,082
26,500
527,975
11,034,904
21,020
692,389
$108,245,799 587,489,2035110,552,592
LiabillUesCapital stock
$3,000,000
Surplus fund & undiv. prof.(mkt.val.) 16,985,900
Unpaid divs. & reserved for taxes__ _
85,446
Preferred deposits
Due savings banks
138,874
Due as executor, administrator, &c.
956,278
Due depositors (not preferred)
85,233,387
Due trust cos., banks and bankers__ _ 1,290,200
Other liabilities
1,055,714
53,000,000
16,202,378
85,890
$3,000,000
15,942,795
94,673
101,786
1,222,231
64,958,898
1,500,231
352,789
78,469
1,847,751
87,582,485
1,886,021
120,398
Total
;108,245,799 587,989,2005110,552,542
1910.
Supplementary-For Cal. Year1009.
1911.
Total int. & comm.rec'd during year.. $4,720,991 $4,067,769 $4,880,351
159,418
27,153
1,538,070
All other profits received during year..
Charged to profit and loss
87,296
On account of depreciation
1,958,801
Int. credited to depositors during year 2,154,231
2,259,178
398,343
935,654
Expenses during year, exclud. taxes._
335,454
1,350,000
Amt. of divs. decl red on capital stk. 1,350,000
3,160,000
290,000
217,600
Taxes paid during the year
170,326
Amt deposits on which int. allowed_ 85,419,074 60,977,719 66,606,988
THE CHRONICLE
FEB. 17 1912 I
Columbia Trust Co. (New York).
Equitable Trust Co. (New York)
-Concluded.
Dec. 21 '11. Jan. 1 '11. Jan. 1 '10.
Resources*1,495,765 $1,279,905 $1,268,992
Bonds and mortgages
Stock and bond investments:
963,159
1,709,674
1,373,966
• Public securities (market value) _ - 3,080,251
2,974,161
2,202,979
• Other securities (market value)
8,537,519
6,604,964
7,066,491
Loaned on collateral _
2,180,979
530,750
1,188,900
Bills purchased _
1,215,711
774,443
Due from approved res've depositories 2,081,723
40,721
17,761
22,049
Due from trust COS., bks. & bankers_
__
_ _ __ __ 1,426,524
1,551,641
1,623,804
Specie
80,000
80,000
70,000
Legal-tender notes & bills of nat. bks_
-348,222
Cash items
139,886
165,272
144,097
Other assets__ _
L.'
________
_____ _520,400,135 $16,517,816 $15,322,058
• Total
Liabilities
Capital stock _
$1,000,000 $1,000,000 $1,000,000
1,541,007
Surplus fund & undiv. prof. (mkt.val.) 1,893,619
1,691,108
14,247
Unpaid divs. & reserved for taxes _
11,190
13,339
Preferred deposits:
781
28,335
Due savings banks,loan ass'ns, &c_
26,924
16,152
81,891
Due as executor, administrator, &c.
28,275
461,892
566,693
Trust dep. eG dep. sec. by N.Y. bds.
916,999
Due depositors (not preferred) _
14,847,553 12,184,836 11,185,165
1,083,778
938,803
821,186
Due trust cos., banks and bankers.._
19,036
14,960
Other liabilities, accrued interest.._ __
852,260
$20,400,135 $16,517,816 $15,322,058
Total ..
1909.
-1910.
Supplementary-For Cal. Year
$652,448
Total int. & comm. rec'd during year.. $819,a11
$697.991
241,489
124,096
52,254
All other profits received during year..
Charged to profit and loss
61,892
68,723
26,259
On account of depreciation
11,954
134
2,075
On account of other losses - ___ 334,581
345,356
424,791
Int. credited to depositors during year
117,100
122,461
144,598
Expenses during year, exclud. taxes_
80,000
120,000
80,000
Amt. of(flys. declared on capital stock
13,056
20,560,
Taxes paid during the year _____
Amt. deposits on which int. Is allowed 16,565,000 13,167,000 11,809,835
Commercial Trust Co. (New York).
Dec. 21 '11. Jan. 1 '11. Jan. 1 '10
Resources$83,576
$13,000
$23,000
Bonds and mortgages ____ __ ____
Stock and bond investments
664,775
817,878
659,463
Public securities (market value) _
142,200
Other securities (market value) _
196,209
245,750
884,607
1,415,003
Loaned on collateral
753,232
Other loans
111,025
62,383
89,922
2,211,301
Bills purchased..
2,010,359
2,055,804
5,856
Overdrafts5,745
8,851
Real estate_
134,370
17,000
Due from trust cos., bks. & bankers_
522,927
436,751
895,415
95,000
Specie
483,856
366,029
384,728
77,100
115,964
Legal-tender notes & bills of nat. bks_
28,776
_
160,558
18,090
Cash Items
102,559
106,481
99,806
Other assets
$5,146,166
Total ..
Liabilities
$500,000
Capital stock _
210,957
Surplus fund & undiv. prof.(mkt.val.)
2,000
Unpaid divs. and reserved for taxes _ Preferred deposits
4,533
Due as executor, administrator, &c.
156,085
Trtist dep. & dep. sec. by N.Y. bds.
3,984,946
Due depositors (not preferred)
199,171
Due trust cos., banks and bankers
88,474
Other liabilities
$5,191,892
$6,156,291
$500,000
200,128
2,400
$500,000
284,484
1,309
4,533
133,095
4,063,030
273,122
15,584
10,705
80,000
4,829,392
436,398
14,003
$5,146,166
Total
1911
Supplementary-For Cal. Year180,775
Total int. & comm. rec'd during year_
33,927
All other profits received during year_
Charged to profit and loss
5,000
On account of depreciation ______ _
16,433
On account of other losses
Int. credited to depositors during year
Expenses during year, including taxes
Taxes paid during the year
Amt. deposits on which int. is allowed a2,470 300
a Figures are of date Dec. 21 1911.
*5,191,892
1910.
$227,446
18,351
$6,156,291
1909.
$241,703
14,029
(?)
(?)
73,029
132,613
15,501
2,452,800
40,801
2,393
66,184
129,796
14,890
2,604,500
Empire Trust Co. (New York).
ResourcesDec. 21 '11. Jan. 1 '11. Jan. 1 '10.
$767,368
$290,750
$516,500
Bonds and mortgages
Stock and bond investments
753,033
1,048,740
Public securities (market value) _ -- 1.664,667
748,052
1,565,486
Other securities (market Value).. __ 1,897,568
8,951,608
8,089,626
8,746,443
Loaned on collateral _
2,532,495
2,212,088
2,820,942
_ _ __ _ _
Bills purchased _
46
29
694
Overdrafts
42,798
40,890
Real estate _
2,396,501
4,202,018
Due from approved res'vedepositories 3,316,442
1,723,352
1,305,178
Due from trust co's, banks & bankers 1,207,857
1,534,614
Specie
1,447,686
1,804,933
30,000
Legal-tender notes & bills Of nat. bks_
'78,350
60,620
18,498
16,087
250
Cash items _
221,474
183,735
153,282
Other assets
Total----------..$20,432,511 $22,290,148 $19,677,041
Liabilities
$1,000,000 $1,000,000 $1,000,000
Capital stock_
1,146,863
1,098,235
Surplus fund & undiv. prof. (mkt.val.) 1,145,987
f 5,927
50,000
2,476
Unpaid dividends _
8,657
110,157
Reserved for taxes __ ______}
Preferred deposits
1,288,835
1,137,659
Due savings banks_
849,999
Trust dep. not pay. within 30 days_
364,536
361:1,666
Dep. sec. by State of N. Y. bonds_
558,000
500,000
Due depositors (not preferred)
14,195,990 15,754,976 13,363,260
2,706,776
Due trust co's, banks and bankers_ __ 2,214,519
2,496,428
Other liabilities
12,454
101,004
86,962
Total
._ 320,432,511 $22,290,148 $19,677,041
Supplementary-For Cal. Year1909.
1910.
1911.
$681,000
Total int. & comm. rec'd during year..
$737,100
123.000
All other profits received during year_
136,600
.
Charged to profit and loss8,000
On account of depreciation _______
6,000
31,700
On account of other losses _______
62,300
418,300
433.700
Int. credited to depositors during year
158,700
Expenses during year, exclud. taxes_
173,100
90,000
100,000
Amt. of divs. declared on capital stock
_________
7,290
26.000
Taxes paid during the year
15,000,000 14,852,000
Amt. deposits on which Int. is allowed
Equitable Trust Co. (New York).
Dec. 21 1911. Jan. 1 1911. Jan. 1 1910.
Resources$3,071,844 $3,133,000 $2,719,000
Bonds and mortgages
Stock and bond investments:
1,547,194
1,619,823
Public securities (market value).... 3,314,234
Other securities (market value) _ _ 16,770,079 15,903,391 15,481,549
18,957,034 17,500,876 32,770,530
Loaned on collateral
154,333
237,500
175,000
Other loans
511,500
89,550
182,833
Bills purchased
3,505
217
1,614
Overdrafts
116,472
119,970
116,472
Real estate
3,580,183
2,939,641
Due from approved res've depositories 2,895,695
4.856,140
4,118,796
Due from trust co's, banks & bankers 4,734,116
3,071,672
3,448,639
2,757,045
Specie
384,065
495,065
420,210
Legal-tender notes & bills of nat. bks_
23,737
29,503
79,682
Cash items
417,301
440,060
Other assets
380,832
Total
449
$54,885,721 $40;329,210 $65,354,966
LiabilitiesDec. 21 '11.
Capital stock
$3,000,000
Surp. fd. & undiv. prof.
(market val.) 11,205,317
Unpaid dividends
1
77,174
Reserved for taxes
Preferred deposits:
Due savings banks, loan ass'ns, &c_ • 1,536,718
Due as executor, administrator, &c 4,858,577
Trust dep, not pay. within 30 days_
525,000
Dep.sec. by State of N.Y. bonds__
550,000
Due depositors (not preferred)
25,806,307
Due trust co's, banks & bankers_ __ _ 7,074,090
Other liabilities
254,538
Jan. 1 '11. Jan. 1 '10.
$3,000,000 $3,000,000
11,079,371 11,054,360
165,086
121,175
180.875
84,439
794,510
1,194,967
584,744
1,233,823
379,000 11,265,193
205,000
26,811,956 30,781,554
6,430,438
6,269.577
59,100
189.017
Total
$54,885,721 $49,329,219 $65,354,966
Supplementary-For Cal. Year.1910.
1911.
1909.
Total int. & comm. rec'd during year. 2,140,291 $2,210,391 $2,048,769
All other profits received during yes..
179,829
638,639
103,236
Charged to profit and loss
On account of depreciation
(?)
(?)
On account of other losses
271,998
(?)
(?)
Int. credited to depositors during year
1,003,814
994,084
1,014,050
Expenses during year, exclud. taxes_
344,162
328,318
298,396
Amt. of divs. declared on capital stk_
570,000
720,000
720,000
Taxes paid during the year
145,359
146,563
163,389
Amt. deposits on which int. Is allowed 37,400,000 31,400,000 46,819,510
Farmers' Loan 85 Trust Co. (New York).
ResourcesDec. 21 1911. Jan. 1 1911. Jan. 1 1910.
Bonds and mortgages
$6,514,849 $3,653,943 *2,139,367
Stock and bond investments:
Public securities (market value)
10,177,169 10,074,495
6,587,060
Other securities (market value)._ 22,642,265 21,057,668 22,028,328
Loaned on collateral
61,383,653 53,212,799 62,646,236
Other loans
2,848,937
2,390,554
2,584,787
Overdrafts, secured
758
256,461
Real estate
3,269,185
3,269,185
3,093,442
Due from approved res've depositories 5,996,904
6.959,468
9,500,045
Due from trust co's, banks & bankers 10,945,293
9,048,856
3,289,784
Specie
15,275,046 12,753,503 13,350,832
Legal
-tender notes & bills of nat. bks_
,
248,800,0
Other assets
1,325,046
904,312
835,607
Total
140,627,905$123,889,4773126,131,255
Liabilities
Capital stock
$1,000,000 $1,000,000 $1,000,000
Surp. fd. & undiv. prof.
(market val.) 6,340,391
6,033,004
7,116,561
Unpaid dividends
.}
41,711
f
86
86
Reserved for taxes
151,000
Preferred deposits:
Due savings bks.,say. & loan ass'ns 3,533,578
4,062.206
4,492,000
Trust dep. not pay. within 30 days_ 2,106,780
2,465,516
3,266,239
Due as executor, administrator,&c. 1,746,208
864,235
114,548,423 100.009,581 102,061,291
Due depositors (not preferred)
10,696,262
8,967,048
Due trust co's, banks & bankers_
7,773,279
614,552
436,801
Other liabilities, aCcrued interest_
421,799
Total
$140,627,905$123,889,4778126,131,255
Supplementary-For Cal. Year1911.
1909.
1910.
Total lot. & comm. rec'd during year 4,630,943 $4,444,606 $4,585,386
All other profits received during year
99,115
43,132
184,918
Charged to profit and loss
On account of depreciation
29,518
14,681
(?)
On account of other losses
260.774
1,445
(?)
Int. credited to depositors during year 3,389,336
3,224.474
3,563,576
,. -9
Expenses during year, exciud. taxes
586,016
524,995
-•
Amt. of divs. declared on capital stk_
500,000
500,000
400,000
Taxes paid during year
129,132
183,286
109,829
Amt. deposits on which int. is allowed125,511,928 111,058,393 111,841,663
Fidelity Trust Co. (New York).
ResourcesDec. 21 1911. Jan. 1 1911. Jan. 11910.
Bonds and mortgages
$632,850
$604,000
$392,600
Stock and bond investments:
502,825
Public securities (market value)
174,725
437,050
Other securities (market value) __ _
930,368
835,638
658,370
Loaned on collateral
1,516,734
1,651,831
2,316,255
Bills purchased
3,497,932
3,427,497
2,895,966
Due from approved res've depositories
934,802
951,096
569,613
Due from trust co's, banks & bankers
369,518
307,872
257,775
Specie
554,211
501,807
560,139
Legal
237,306
-tender notes & bills of nat. bks_
230,374
234,580
Cash items
144,103
1,408
6,618
66,123
46,754
Other assets
45,042
Total
$9,385,768
Liabilitles$1,000,000
Capital stock
Surp. fd. & undiv. prof.(market val.) 1,283,509
26,254
Unpaid dividends}
Reseryed for taxes
Preferred deposits
239,653
Due savings banks
1,021
Due as executor. administrator, &c
50,000
Deposits sec. by N. Y. bonds
6,121,388
Due depositors (not preferred)
498,770
Due trust co's, banks & bankers_ _
165,173
Other liabilities
$8,787,900
$8,320,114
$750,000
961,094
525,818
1 9,766
$750,000
921,484
30,000
8,981
387,313
982
238.858
969
Total
$9,385,768
Supplementary-For Cal. Year1911.
Total int. & comm. rec'd during year
$366,883
All other profits received during year_
49,555
Charged to profit and loss
On account of depreciation
(?)
On account of other losses
149,680
Int. credited to depositors during year
111,231
Expenses during year, exclud. taxes_
72,500
Amt. of divs. declared on capital stk_
22,300
Taxes paid during the year
Amt. deposits on which int. Is allowed 5,385,000
$8,787,900
1910.
$362,184
15,270
$8,320,114
1909.
$286,345
39.467
(?)
(?)
140,118
98,313
60,000
18,369
5,201,000
9,886
6,657
107,851
91,917
52,500
16,316
4,859,000
6,222,070
397,975
32,882
6.001,710
361,093 •
7,020
Fulton Trust Co. (New York).
ResourcesDec. 211911. Jan. 1 1911. Jan. 11910.
$572,500
$565,500
$479,500
Bonds and mortgages
Stock and bond investments:
316,084
404,695
400,027
Public securities (market value) __ _
1,468,577
1,597,322
Other securities (market value) _ 1,882,729
4,554,753
4,948,022
4,650,154
Loaned on collateral
385,703
80,000
75,000
Bills purchased
1,680
2,217
Overdrafts
305,113
1,021,649
812,421
Due from approved res've depositories
861,793
743,024
814,169
Specie
,.
212,720
278,750
282,110
Legal-tender notes & bills of nat. bks_
29,323
30,715
38,086
Other assets
$9,506,610
Total
Liabilities
$500,000
Capital stock
817,840
Surp. fd. & undiv. prof.(market val.)
5,500
Unpaid dividends
}
Reserved for taxes
Preferred deposits
135,771
Trust dep. not pay. within 30 days
Due as executor, administrator,&c.
41,567
Deposits secured by N. Y. bonds_ _
7,809,168
Due depositors (not preferred)
116,403
Due trust cos., banks & bankers_ _
80,361
Other liabilities
$9,061,269
$9,246,457
5500,000
806,728
J25,014
1 6,000
$500,000
844,004
20
6,000
141,847
66,143
81,018
55,476
7,515,537
7,734,939
$9,506,610
$9,061,269
Total
•
25,000
$9,246,457
450
THE CHRONICLE
Fulton Trust Co.(New York)
-Concluded.
Supplementary-For Cal. YearTotal int. & comm. rec'd during year.
AU other profits received during year.
Charged to profit & loss, acct. deprec_
Charg.to profit&loss. acct.other losses
Int. credited to depDsitors during year
Expenses during', year. exclud. taxes
Amt. of divs. declared on capital stk.
Taxes paid during the year
Amt. deposits on which int. Is allowed
1911.
1910.
3334,648
6,430
1,298
189,288
70,147
60,000
13,953
7,470,000
Hudson Must Co.(New York)
-Concluded.
1909.
$324,143
33,974
2,812
75
200,455
66,681
50,000
13,340
7,565,000
*Guaranty Trust Co. (New York).
ResourcesDec. 21 '11. 'Jan. 1 '11.
Bonds and mortgages
$169,500
$483,000
Stock and bond investments
Public securities (market value) __ 10,589,218
7,664,906
Other securities (market value)
- 45,155,874 39,693,342
Loaned on collateral
63,481,115 44,524,227
Other loans
1,024, 60
565,090
Bills purchased
9,822,286
4,486,470
Overdrafts6346
4,914
Real estate
2,403,461
Due from approved res've depositories 14,589,611 13,154,136
Due from trust cos., banks & bankers 1,852,805
1,645,152
Specie
15,155,202 15,174,528
Legal-tender notes & bills of nat. bks_ 1,407,245
985,640
Cash items_
11,224,523
Due from foreign banks and bankers.1
131,7K6,61
Other sundry foreign accounts
31,911,932
637,371
Foreign acceptances
6.500,000
Other assets
979,462
• Total
Jan. 1 '10.
$174,000
6,365,004
24,210,200
28,113,244
1,738,935
6,0- - ,475
18
1,516,200
7,390,788
51,710
-----13,893,272
964,770
$208,793,678 3168254,624 $90,434,596
Liabilities
Capital stock
$5,000,000
Surplus fund & undiv. prof.
(mkt.val.) 22,888,107
Unpaid dividends.
1
129,557
Reserved for taxes
Preferred deposits• Duo savings banks
1,380,583
• Duo as executor, administrator, &c. 7,201,000
- Trust dep, not pay. within 30 days_ 10,588,000
• Tr. dep.&dep.sec. by N.Y.bds.(pf.)
830,000
Deposits secured by trust co. assets 4.075,905
Due depositors (not preferred)
122,823,747
Due trust cos., banks aid bankers... 9,123,614
Foreign acceptances
For, accept., comm'l loan account _124,753,165
Other liabilities
$5,000,000
21 224,197
0 0,452
14
172,748
[VoL. Lxxxxiv.
$2,000,000
8,605,151
100,000
58,000
LiabilitiesDec. 21 1911. Jan. 11911. Jan. 11910.
Capital stock
$500,000
$500,000
$500,000
Surplus fund & undiv. prof.(mkt.val.)
720,163
693,085
694,440
Unpaid dividends
4,094
520,273
15,144
Reserved for taxes _
1 4,792
5,450
Preferred deposits
Due savings and loan associations_
24,090
11,048
5,748
Due as executor, administrator, &c.
82,168
22,214
67,915
Trust dep. not pay. within 30 days_
100,000
Dep. sec. by State of N.Y.bds.(pf.)
300,000
255,000
361:666
Due depositors (not preferred)
2,706,251
2,677,712
2,851,410
Due trust cos., banks and. bankers-241,984
350,157
259,327
Other liabilities
168,586
119,282
113,534
Total.,$4,747,336 $4,753,563 $4,816.968
Supplementary-For Cal. Year1911.
1910.
1909.
Total int. & comm. rec'd duringyear_
$193,190
$206,254
$176,655
All other profits received during year
21,213
16,450
30,171
Charged to profit and loss
On account of depreciation
On account of other losses _
__
25,291)
23,469(
9,242
Int. credited to depositors during year
_56,649
58,993
48,527
Expenses during year, exclud. taxes_
82,142
102,054
68,233
Amt. of divs. declared on capital stock
35,000
35,000
30,000
Taxes paid during year_
8,410
8,440
6,98
Amt. deposits on which int. Is allowed a2,056,632
2,270,000
1,859.28
Knickerbocker Trust Co. (New York).
ResourcesDec. 21 '11. Jan. 1 '11. Jan. 1 '10.
Bonds and mortgages
$3,253,083 $3,418,946 $3,427,202
Stock and bond investments
Public securities (market value).. 1,363,368
1,181,561
1,140,552
Other securities (market value) _ __ 10,741,925
8,172,889
9,589,182
Loaned on collaterals ______
14,350,266 14,808,634 18,897,700
Other loans
1,719,926
645,472
1,086,105
Bills purchased
1,316,576
2,617,500
510,000
Overdrafts
13,536
9,102
7,448
Real estate
3,421,677
4,332,827
3,519,344
Due from trust cos., banks & bankers 3,701,008
3,131,795
3,738,977
Specie
3,752,595
4,125,562
3,520,578
Legal-tender notes & bills of nat. bks756,645
529,540
476,954
Other assets
341,969
378,230
556,333
627,358
101,997
8,494,994
208,810
5,521,480
4,441,058
Total _
_ $46,940,194 $41,678,828 $45,925,965
100,0001 3,776,822
Liabilities,
243,3305
Capital stock
$3,181,000 $3,181,000 $1,200,000
102,819,668 67,638,708 Sur. fund & undiv.
f
l.
.
55,766,766
1,670,226
7,009,022
3,342,549 Surplus certificates................. . ),
57,000
7,706,381
110.008,490
Unpaid dividends_
51,266
168,193
6,500,000
Reserved for taxes _____________ _
163,225
29,160
132,885
1611,601 'Preferred deposits
Due savings banks & loan assoc'ns_ 1,117,802
879,229
688,268
Total
$208,793,678 3168254,624 $90,434,596
Due as executor, administrator, &c. 2,535,489
1,659,112
1,794,720
Trust dep. not pay. within 30 days_
247,659
875,910
220,569
Supplementary-For Cal. Year1911. .
1910.
1909.
Dep. sec. by State of N. Y. bonds_
165,000
167,988
200,000
Total int. & comm.rec'd during year_ $6,387,207 $5,926,674 $3,071,874
Other dep. sec, by trust co. assets_
300,000
All other profits received during year.. 1,443,791
1,628,326
687,861 Due depositors (not preferred)
29,062,659 27,444,758 30,001,409
Charged to profit and loss
Due trust cos., banks and bankers_ _ 3,328,201
2,151,341
2,279,862
On account of depreciation_
500,000
178,488
Other liabilities
378.012
52,927
75,000
On account of other losses
--30,000
51,402
1,019
Int. credited to depositors during year 3,747,896
3,310,818
2,107,256
Total _
$46,940,194 $41,678,828 $45,925,965
Expenses during year, exciud. taxes..
784,270
700,346
275,307 . Supplementary-For Cal. Year1911.
1909.
1910.
Amt. of(Wm declared on capital stk. 2,000,000
1,600,000
400,000 Total int. & comm. rec'd during year
$1,692,725 31,930,952
Taxes paid during year
276,746
94,963 All other profits received during year
261,823
598,536
202,308
Amt. deposits on which int.is allowed 150,114,281 110,655,105 73,089,443 Charged to profit and loss
On account of depreciation ______ _
1,825
4,544
Fifth Avenue Trust Co. and Morton Trust Co. merged in the Guaranty
On account of otherlosses59
,518
184,985
Trust Co. In Jan. 1910. Above figures for Jan. 1 1911 and Dec. 21 1911 Int. credited to depositors during year
925,261
1,364,911
are for the consolidated institution. Following are figures for the separate Expenses during year,
exclud. taxes_
406,777 ^
412,759
companies for Jan. 1 1910:
Amt.of divs. declared on capital stock
286,290
Fifth Avenue
Morton
Taxes paid during the year __ __ ___ _
23,978
80,822
Trust Co.
Trust Co.
Amt. deposits on which int. Is allowed
29,706,792 $2,034,022
Capital
_1910
$1,000,000
$2,000,000
Surplus and undivided profits
' Lawyers' Title Insurance & Trust Co. (New York).
1910.. 1,932,575
8.252,774
Deposits
-1910 __ 17,636.474
33,863,396
ResourcesDec. 211911. Jan. 1 1911. Jan. 1 1910.
Total resources
1910..20.739,994
47,714.498 Bonds and mortgages
*6,840,533 $7,426,790 $7,439,879
Stock and bond investments:
Public securities (market value) __ _ 1,179,355
Guardian Trust Co. (New York).
608,025
930,578
Other securities (market value)... 5,038,497
3,328,365
2,475,593
ResourcesDec. 21 '11. Jan. 1 '11. Jan. 1 '10. Loaned on collateral
2,959,120
2,384,772
3,913,987
Bonds and mortgages_
$552,700
$503,600
3,495,212
3,659,874
$350,130 Real estate
3,468,081
Stock and bond investments
Due from approved res've depositories 1.710,571
861.974
1.282,851
Public securities (inarket value) __
298,500
125,078
255,955 Due from trust cos., banks & bankers
500
500
500
Other securities (market value) _ _
purchased
202,832
179,573
3,007,532
1,657,602
3,046,821
229,300 Bills
Loaned on collateral_
1,099,230
1,428,351
1,737,772
1,182,574
2,399,052 Specie
1,129,973
Bills purchased_
535,451
768,787
734.533 Legal-tender notes & bills of nat. bks_
702,055
612,700
579,970
Overdrafts
2
39
__
485.199
57
607
11 Cash items
Real estate
22,000
22,000 Other assets
22,000
426,504
440,803
447,896
Duo from approved res've depositories
525,013
566,572
997,854
Total
•
$27,273,429 323,974,682 322,906,090
Due from trust cos., banks & bankers
143,400
301,563
319.521
Liabilities
Specie
144,628
106,509
144,664 Capital stock
34,000,000
Legal-tender notes & bills of nat. bks_
135,000
303,000
345,000 Surp.fd. & undiv. prof.(market val.) 6,171,488 $4,000,000 $4,000,000
8200,985
6,189,179
Cash items_
145
14,283
37,187 Unpaid dividends
184,880
1120,000
120,000
1
Other assets
57,328
60,310
57,738 Reserved for taxes
67,639
62,
639
Preferred deposits
Total
$3,716,229 $4,689,086 $5,892,945
Due savings banks & loan ass'ns
17,031
18,961
28,530
Liabilities
Due as executor, administrator,&o.
934,979
250,199
370,226
Dep. see. by State of N. Y. bondsCapital stock.
400,000
500,000
420,000
$500,000
$500,000
$500,000
Deposits otherwise preferred
Surplus fund & undiv. prof.
346,321 " 222,234
346,066
(mkt.val.)
501,576
537,235
512,260
Unpaid dive, and reserved for taxes
13,884,075 11,840,650 11,594,537
4,250
5,500
5.100 Due depositors (not preferred)
Due trust cos.. banks and bankers
Preferred deposits456,752
502,095
Other liabilities
38,772
133,148
Dep. sea. by State of N.Y. bonds..
732,315
50,000
21,000
Duo say, banks. save. & loan ass'ns
74,971
75,581
$6,058
$27,273,429 323,974,682 322,900,090
Total
1969.
Due as executor, administrator.&c.
5,658
5,736
3,655
Supplementary-For Cal. Year1910.
1911.
Deposits otherwise preferred_
17,634
$801,298
3871,870
Total int. & comm. rco'd during year. $949,905
Due depositors (not preferred)
2,272,192
2.96- ,00
0- .2
4,118,117 All other profits received during year 1,534.029
1,540.110
1,662,364
Due trust cos., banks and bankers. . 262,716
.
636,581
709,627 Charged to profit and loss
Other liabilities _
27,232
7,361
8,128
31,022
18 574
1:059
On account of depreciation
30,964
On account of other losses
21,909
Total
$3,716,229 $4,689,086 $5,892,945 Int. credited to depositors during year
443,700
364,
644
372,023
Supplementary-For Cal. Year1, 80 0
432 04
3 0:23
Expenses during year, exclud. taxes_ 1,326,465
1911.
1,257,514
1910.
1909.
480,000
480.000
Total int. & comm. rec'd during year. 3154,929
$228,040
$217,519 Amt. of dive, declared on capital stk.
162,107
160,784
142,270
All other profits received during year.
14,134
24,807
29,885 Taxes paid during the year
Amt. deposits on which Int. is allowed 15,359,000 12,853,900 12,111,038
Charged to profit and loss
On account of depreciation _
24,807
73,413
Lincoln Trust Co. (New York).
On account of other losses
20,338
7,499
9,605
ResourcesDec. 21 1911. Jan. 11911. Jan. 11910.
Int. credited to depositors during year
64,922
78,046
81,309 Bonds and mortgages
_ 31,199,650 31,005,610 $1,071 241
Expenses during year, exclud. taxes_
98,202
92,687
93,869 Stock and bond investments:
Amt. of divs. declared on capital stk.
351,900
Public securities (market value).. _
255,000
Taxes paid during year...0,077
10,393
9;65
Other securities (market value)... 1,899,831
5
2,242, 84
25 8 0
1,948,592
Amt. deposits on which int. is allowed a2,208,000
2,978,500
4,097,024 Loaned on collateral
4,718,676
4,240,613
4,512,976
2,482,m
Bills purchased •
1,859,788
1,81, 775
1:0
. 1 02
a Figures are of date Dec. .t1 1911.
Overdrafts
979
Due from approved res've depositories 1,014,495
1,205,374
1,218,711
Hudson Trust Co. (New York).
596,210
trust
D from tst co's, banks & bankers
Due
519,260
1, 31 1..8200
2130 2057
1,0586:626176
. 1
Specie
1,220,821
72
ResourcesDec. 21 '11. Jan. 1 '11. Jan. 1 '10. Legal-tender and bank notes
208,450
213,500
Bonds and mortgagee...
$163,349
._
$167,049
$124,199 Cash items
34,306
522,947
Stook and bond investments
73,267
82,885
Other assets
73,228
Public securities (market value) _.
834,600
841,196
874,250
Total
$13,072,088 $12,763,585 $14,121,358
Other sesurities (market valise) _ __
215,754
213,313
140,315
Liabilities
Loaned on collateral.
649,229
716,749
1,369,708
500. 0
Other loans
,
$1,000,000 $1,000,000 $1,0 ,.07001
03
104,138
59,381
76,458 Capital stock
582,167
550,066
Bills purchased
1,894,383
1,893,674
1,244,064 Surp. fd. & undiv. prof.(market val.)
9,116
Overdrafts
6,350
299
1,279
454 Unpaid divs. & reserved for.taxes
Real estate.
15,259
15,258
6,000 Preferred deposits
288,294
352,407
Duo say. bks., say. & loan ass'ns
Due from trust cos., banks & bankers
385,356
366,619
516,666
496,512
361,302
Due as executor, administrator,&o.
Specie
103,674
39,893
53,305
360,922
24383,900780
Tr.dep.&dep.see.by N.Y.bds.(pref.)
Legal-tender notes & bills of nat. bks_
40,000
355,613
284,251
25,000
15,304
10,300 060 10,196,404 11,607,039
Cash items
85,888
51,288
71,936 Due depositors (not preferred)
338,646
374,723
Other assets
381,917
25,186
27,280
27,150 Due trust co's, banks & bankers_ _
iff:014i27_,,00.858:i
Other liabilities
30,903
Total
$4,747,336 $4,753,563 • $4,816,968 ILTotal
$12,763,585 $14,121,358
4246 1
•
e
370,
FEB. 17 1912]
THE CHRONICLE
Lincoln Trust Co.(New York)
-Concluded.
Supplementary-For Ca1. Year
Total int. & comm. rec'd during year..
All other profits received during year..
Charged to profit and loss
On account of depreciation
On account of other losses
int. credited to depositors during year
Expenses during year, exclud. taxes- ,
Amt. of(Mrs. declared on capital stk_
Taxes paid during the year
Amt. deposits on which int. is allowed
1911.
451
New York Life Insurance & Trust Co. (New York).
1910.
1508,963
86,198
1909.
$458,527
103,598
(1)
(?)
259,779
192,241
18,631
21,543
246,983
195,704
13,486
9,880,000
10,659
11,442,000
Manhattan Trust Co. (New York).
ResourcesDec. 211911. Jan. 1 1911. Jan. 1 1910.
Bonds and mortgages
$3,735,841 $3,820,824 12,865,443
Stock and bond investments:
Public securities (market value),.... 1,415,220
1,350,935
2,006,527
Other securities (market value)
12,181,831 11,012.243 10,983,566
Loaned on collateral
3,499,306
3,717,565
8,225,091
Bills purchased
13,665,276 14,267,463 11,687,750
Overdrafts
128,582
87,708
44,357
Real estate
2,662,923
2,662,923
2,545,028
Due from approved res've depositories
549,105
1,321,651
1.718,997
Specie
4,100,000
4,900,000
5,200.000
Legal-tender notes & bills of nat. bks_
200,000
200,000
200.000
Other assets
382,632
567,638
623,590
ResourcesTotal
Dec. 21 1911. Jan. 1 1911. Jan. 1 1910.
142,520,716 143,908,950 146,100,349
Bonds and mortgages
Liabilities
19,500
Stock and bond investments:
Capital stock
11,000,000 $1,000,000 11,000,000
Public securities (market value)..
11,961,162 $1,163,153
1,169,543 Surp. fund & undiv. prof. (mkt. val.) 4,076,288
3,956,152
4,181,800
Other securities (market value)..
7,137,509
4,549,743
4,775,485 Unpd.(Boys. & reserved for taxes_ _ - 15,980
18,500
18,000
Loaned on collateral
10,522,400
Preferred deposits
9.350,879 14,874,191
Due savings banks
561
Overdrafts
2,491
263
708,006
787,263
649,910
Due as executor, administrator, &c. 2,843,838
Due from approved res've depositories 1,762,970
5,096,760
7,163,750
1,643,226
2,678,657
Due from trust co's, banks & bankers
273,174
281,319
240,762 Due depositors (not preferred)
30,429,345 32,927,929 34,306,217
Specie
2,300,000
1,822,000
3,500.000 Due trust cos., banks and bankers..
147.657
192,390
160,995
Life insurance
Legal-tenders and bank notes
100,000
3,000
382,699
382,410
382.120
Cash items
Annuities
441,900
2,350,855
2,307,664
2,151,585
Other assets
152,822
55,984
77,424 Other liabilities
566,045
693,416
571,065
Total
Total
124,652,498 $22,325,329 131,810,918
142,520,716 143,908,950 $46,100,349
Supplementary-For Cal. yearLiabilittes1911.
1910.
1909.
Capital stock
11,000,000 $1,000,000 11,000,000 Total int. & comm.rec'd during year.. 11,859,501 $1,993,900 11,869,871
Surp. fd. & undiv. prof.(market val.) 2,252,113
2,213,956
2,430,706 All other profits received during year.
30,359
25,327
35,631
Unpaid divs. & reserved for taxes.._
12,500
15,000
17,000 Charged to profit & loss acc't deprec'n
Preferred deposits
Int. credited to depositors during year 1,206,765
1,181,454
1,178.745
Due savings banks
346,750
183,540
148,735 Expenses during year, exclud. taxes_
140,336
138,852
129,636
Due as executor, administrator,&o.
286,087
314,352
783,773 Amt. of divs. declared on capital stk_
450,000
450,000
450,000
Dep.sec.by State of N.Y.bds.
(pref.)
183,747
170,000
135,000 Taxes paid during the year
106,810
106,643
100,340
Dep. see, by trust company assets_
Amt. deposits on which int. is allowed 33,746,026 35,460,000
12,553
37,751,423
Due depositors (not preferred)
18,617,700 16,202,506 22,776,962
Due trust co's, banks dc bankers..__ _ 1,646,324
2,180,887
New York Trust Co. (New York).
4,502,153
Other liabilities
294,724
45,088
16,588
ResourcesDec. 211911. Jan. 1 1911. Jan. 1 1910.
Bonds and mortgages
11,400,975 12.540.610 12,123,438
Total
124,652,498 122,325,329 131,810,918 Stock and bond investments:
Supplementary-For Cal. YearPublic securities (market value) _ _ _ 3,497,553
1911.
1910.
1909.
3,497,722
3,438,262
Total int. & comm. ree'd during year_
Other securities (market value)_ _ - 10,381.572 11,109,401 11,396,685
$770,774
$797,076
All other profits received during year..
38,451
387,277 Loaned on collateral
23,884,170 25,598,588 36,399,248
Charged to profit & loss, acct. depreo_
1,569
93,842 Other loans
2,288,702
1,401,475
857,300
Int. credited to depositors during year
411,404
481,799 Bills purchased
2,979,209
2,053,894
1,632,931
Expenses during year, exclud. taxes..
218,655
181,808 Overdrafts
5,420
Amt. of divs. declared on capital stk.
120,000
120,000 Real estate
27,015
Taxes paid during the year
29,901
28,147 Due from approved res've depositories 3,151.963
3,184,570
3,042,714
Amt. deposits on which int. is allowed
12.382,028 21,647,499 Due from trust cos., banks & bankers
468,175
758,731
590,036
Specie
4,099,241
4,857,685
6,639.915
Metropolitan Trust Co. (New York).
Legal-tender notes & bills of.nat. bks_
218,000
159.000
338,105
Cash
1,162.488
ResourcesDec. 211911. Jan. 1 1911. Jan. 1 1910. Otheritems
assets
353,884
397.509
Bonds and mortgages
450,961
$1,133,100 $1,013,600
$941,600
Stock and bond investments:
Total
$53,918,367 155,559,185 $66,909,595
Public securities (market value)_.... 1,696,930
Liabilities
1,704,070
1.839,100
Other securities (market value)..... 2,588,430
13,000,000 $3,000,000 $3,000,000
2,906,390
2,629,180 Capital stock
Loaned on collateral
17,045,428 21,108,499 25,648,015 Surp. fund & undiv. prof. (mkt. val.) 11,572.329 11,109.492 11,009,216
Bills purchased
1.527,302
71,000
84,000
527,161
72.000
807,470 Unpaid divs. & reserved for taxes_ -- _
Real estate
Preferred deposits
67,614
68,203
Due from approved res've depositories 2,201,098
Due savings banks
607,019
2,746,554
607.779
211,791
1,989,336
Duo from trust co's, banks & bankers
Due savings and loan associations_
441,264
6,148
262,495
682,770
162,948
698,520
Specie
Due as executor, administrator, &o. 2,611,856
2,320.787
2,010,478
3,037,014
4,940,926
3,220,082
Legal-tenders and bank notes
Trust dep. not pay. within 30 days
14,100
1,097,492
12,020
12,100
Cash Items
Deposits otherwise preferred
87,324
495,248
2,316,658
1,949,370
Adv. to Irmsburgh Tr. Co.In liquid'n
Due depositors (not preferred)
30,266,063 30,923,717 41,628,162
1.273,332
Other assets
1,852.315
469,006
4,094,405
3,794,196
387,705 Due trust cos., banks and bankers,.... 4,058,222
Other liabilities
1,230,482
52,669
140,986
Total
$30,975,692 $35,548,619 138,173,108
Total
153,918,367 $55,559,185 166.909.595
Liabilities
Supplementary-For Cal. Year1911.
1910.
1909.
Capital stock
12,000,000 12,000,000 $2,000,000 Total int. & comm. rec'd during year.. $2,367,978
$2,337,015 12,626,866
Sum fd. & undiv. prof.(market val.) 6,122,316
7,897,337
8,134,210 All other profits received during year..
694,582
242,811
571,793
Unpaid dividends
},
48,126
J120,174
Charged to profit and loss
Reserved for taxes and rent
1 54,750
54,750
On account of depreciation
100,000
Preferred deposits
On account of other losses
31,312
12,897
12,401
Due savings banks
1,852,706
2,411,475
1,942,500 Int. credited to depositors during year 1,089,473
1,055,216
1,430,877
Trust dep. not pay. within 30 days_ 1,476,820
953.148
1,030,745 Expenses during year. exclud. taxes_
241,600
247,867
250,125
Dep.sec.by State of N.Y. bds.(pref)
345,000
265,000
148,000 Amt. of divs. declared on capital stk.
960,000
960,000
960,000
Due depositors (not preferred)
16,720,322 19,202,112 22,893,150 Taxes paid during the year
150,955
150,055
135,773
Due trust co's, banks do bankers
2,116,847
2,140,245
1,809,491 Amt. deposits on which int. is allowed 38,137,590 36,686,064 45,842,652
Other liabilities
293,555
504,375
160,262
Total
$30,975,692 $35,548,616 ;38,173,108
Supplementary-For Cal. Year1911.
1910.
1909.
Total int. & comm. ree'd during year.. $1,562,429 $1,489,516 *1,719,957
All other profits received during year..
93,314
24,111
168,032
Charged to profit and loss
On account of depreciation
62,091
On account of other losses
15
213
Int. credited to depositors during year
730.322
703,375
952,119
Expenses during year, exclud. taxes_
183,731
182,417
175,856
Amt. of divs. declared on capital stk..
480,000
480,000
480,000
Taxes paid during the year
98,727
106,116
96,151
Amt. deposits on which int. is allowed 21,703,880 23,313,039 25,200,160
Mutual Alliance Trust Co. (New York).
ResourcesDec. 211911. Jan. 1 1911. Jan. 1 1910.
Bonds and mortgages
$24,000
$85,475
1103,675
Stock and bond investments:
Public) securities (market value).... _ 1,202,670
700,000
700,000
, t Other securities
25,500
Loaned on collateral
1.432,532
2,990,972
5,161,310
Bills purchased
4,565,589
3,067,840
4,095,052
Overdrafts
2,921
358
2,613
Real estate
175,000
220,000
280,492
Due from approved res've depositories
927,889
1,052,858
1,442,401
Duo from trust co's, banks, b'kers,&o.
326,401
376,844
741,035
Specie
836,140
704,731
890,837
Legal-tender notes & bills of nat. bks_
272,560
236,780
738,867
Cash items
12,950
10,293
46,320
Other assets
13,537
7,342
7,559
Total
$9,647,843 $9,623,339 114,210,161
Liabilities
Capital stock
$700,000
1700,000
1700,000
Surp. fund & undiv. profits (mkt.val.)
401,997
413,188
377,948
Unpaid dividends
15,915
110.500
Reserved for taxes
1 5,887
I
7,297
Preferred deposits
Due savings banks
21,108
20,163
Duo as executor, administrator,&o.
13,944
7,179
3,568
Trust dep. & dep. otherwise pref....
28,112
Due depositors (not preferred)
7,520,104
7,677,721 11,608,884
Due trust cos, banks and bankers...
919,203
788,702
1,512.464
Other liabilities
27,460
Total
__ $9.647 843 ;9,623.339 $14,210,161
,
Supplementary-For Cal, Year
101 1.
1910.
1009.
Total int. dc comm.reed during year.. 1353,430
1404,743
$403,100
All other profits received during year_
16,626
10,815
4,907
Charged to profit and loss• • On account of depreciation
•64,250
36,139
8,000
account of other losses
On
4,344
20,286
47,879
l t.credited to depositors during year
i
t
167,434
186,339
194,536
Expenses during year, exclud. taxes..
112.015
116,340
117,226
Amt. of divs. declared on capital stk..
,42,000
10,500
Taxes paid during the year
13 187
12,
992
10,602
Amt. deposits on which int. is allowed a5,803,451
6,742,700 10,175,956
• This amount Includes $45,000 charged off on account of the
Grand
Street banking ho,i9e.
a Figures are of date Dec. 21, 1911.
Standard Trust Co. (New York).
ResourcesDec. 211911. Jan. 1 1911. Jan. 1 1910.
Bonds and mortgages
$60,650
167,400
Stock and bond investments:
Public securities (market value)...... $2,538,244
1,283,871
1,255,060
Other securities (market value)...... 5,018,731
4,266,007
4,084,097
Loaned on collateral
7,764,002
8,297,307
9,419.386
Bills purchased
354,790
376,054
463,119
Overdrafts
5,778
Due from approved res've depositories 1,585,167
2,364.557
2,555,494
Due from trust cos., banks.blters,&a.
294,075
198,129
299,721
Specie
2,000,185
2,004,551
2,072,875
Legal-tender notes & bills of nat. bks_
36,405
10.160
30,385
Cash items
928,891
Other assets, accrued interest
122,019
110,165
112,331
Total'
$20,642,509 $18,977,229 $20,359,868
Liabilities
Capital stock
/1,000,000 $1,000,000 $1,000,000
Surplus fund & wady. prof.(nkt.val.) 1,411,208
1,358,466
1,485,765
Unpaid dividends
9,138
526,924
1
19,764
Reserved for taxes
1 8,000
Preferred deposits
Due savings banks
584,273
308,380
336.056
Due as executor, administrator, &c. 1,452,034
1,137,865
775,657
Trust dep. not pay. within 30 days..
256,477
Dep. secured by tr. co. assets
759,020
742,242
717,097
Due depositors (not preferred)
12,450,416 12,855,470 14,375,458
Due trust cos., banks do bankers
2,058,823
1,539,882
1,650,072
Other liabilities
661,120
Total
120.642,509 *18,977,229 120,359,868
Supplementary-For Cal. Year1911.
1910.
1909.
Total int. & comm.rec'd during year..
1716,017
1700,848
All other profits received during year..
93,750
167,783
Charged to profit and loss
On account of depreciation
75,078
On account of other losses
Int. credited to depositors during year
401,467
421,647
Expenses during year. exclud. taxes_
127,813
135,695
Amt, of divs. declared on capital stk.
160,000
140,000
Taxes paid during the year
33,306
23,823
Amt. deposits on which int. Is allowed
15,026,616 16,030,504
Title Guarantee & Trust Co. (New York).
ResourcesDec. 211911. Jan. 1 1911, Jan. 1 1910.
Bonds and mortgages _ ___
*12,417,689 $9,202,188 $9,828,829
Stock and bond investments:
Public securities (market value) _
524,381
443,900
461,000
Other securities (market value) _
6,749,439
5,139,581
5,056,119
Loaned on collateral
12,491,208 11,180,279 13,564,850
Bills purchased
4,067,138
4,063,723
2,914,449
Overdrafts
1,010
672
386
Real estate
2,277,990
2,196,147
2,174,632
Due from approved res've depositories 3,157,771
3,920,626
3,610,973
Due from trust co's.bks.,bankers. &O.
705,398
1,449.340
928,997
Specie
1,835,745
1,845,213
1.743,182
Legal-tender notes & bills of nat. bks_ 1,287,132
1,235,938
1,706,552
Cash items....10,494
34,999
6,777
Other assets__
630,969
520,028
565,736
Total..
L., •
$40.156,294 $41,232,634 $42,562,427
452
THE CHRONICLE
Title Guarantee & Trust Co. (New York)
-Concluded.
[VoL. Lxxxxiv.
United States Trust Co.(New York)
-Concluded.
Liabilities
Dec. 211911. Jan.1 1911. Jan.1 1910.
Capital stock
$4,375,000 $4,375,000 $4,375,000
Surp.Id. & undiv. prof. (market val.) 11,714,419 10,903,323 10,201,894
Undiv. profits & reserved for taxes _
78,909
85,784
85,038
Preferred deposits
Due savings banks _
1,931,767
1,495,367
1,526,108
Due savings and loan associations_
29,128
60,665
78
Due as executor, administrator,&c.
162,361
409,902
367,915
Trust dep. not pay. within 30 days 3,736,108
312,685
438,916
Due depositors (not preferred) _
22,418,141 22,360,010 24,781,375
Due trust co's, banks & bankers__ _
622,716
1,165,663
716,993
Other liabilities_
1,087,745
64,233
69,110
Supplementary-For Cal. Year1911.
Total int. & comm.rec'd during year.. $3,125,300
All other profits received during year..
106,375
Charged to profit and loss
On account of depreciation
33,249
On account of other losses
Int. credited to depositors during year 1,817,702
Expenses during year, exclud. taxes.
233,577
Amt. of divs. declared on capital stk. 1,000,000
Taxes paid during the year
190,103
Amt. deposits on which int. Is allowed 60,624,506
Total
$46,156,294 341.232.634 $42.562.427
Supplementary-For Cal. Year1911.
1910.
1909.
Total Int. & comm. rec'd during year_ $1,682,969 $1,589,034 $1,538,245
All other profits received during year_ 2,307,951
2,509,669
2,789,511
Charged to profit and loss
On account of depreciation _____
112
On account of other losses
__
74,063
59,858
68,331
Int. credited to depositors during year
634,140
551,166
596,379
Expenses during year, exclud. taxes_ 1,604,305
1,555,888
1,477,814
Amt. of divs. declared on capital stk_
875,000
875,000
875.000
Taxes paid during the year
168,424
161,528
130,497
Amt. deposits on which int. Is allowed 27.490,119 22,177,277 25,585,744
ResourcesDec. 211911. Jan. 11011. Jan. 11010.
Bonds and mortgages
_ $10,231,475 $9,980,151 $10,427,920
Stock and bond investments:
Public securities (market value)...... 3,086,075
1,519,768
1,801,162
Other securities (market value) _ __ 11,132,571
9,644,444
9,699,015
,
Loaned on collateral_
12,975,088 14,627,986 19,752,753
Bills purchased
1,526,135.
6,873,700
7,801,927
Overdrafts
87
1,020
Due from approved res've depositories 4,877,004
Real estate
3,320
Due from trust co's, banks & bankers 5,696,875
9,752,838
0,908.632
Specie
4,161,837
3,656,847
3,901,909
Legal-tender notes & bills of nat. bks_
742,960,
643,615
453,045
Cash items_
5,310
9,649
41,363
Other assets
2,831,509
1,340,769
408,151
Trust Company of America (New York).
ResourcesDec. 211911. Jan. 1 1911. Jan. 11910.
Bonds and mortgages ______________ $2,143,834 $2,591,635 $2,347,830
Stock and bond investments:
Public securities (market value) _
914,013
294,074
204,797
Other securities (market value) _ __ 7,355,367
4,996,836
6,973,714
Loaned on collateral
12,219,468 15,372,758 16,039,666
Bills purchased
2,220,361
1,847,366
2,845,196
Overdrafts
210
520
1,079
Real estate
2.000,000
2.000,000
Due from trust co's, bks..bankers,&c. 3,993,610
4,717,511
5,070,400
Specie
2,938,425
3,161,866
3,194,940
Legal-tender notes & bills of nat. bks_
204,690
425,985
271,450
Cash items....8,211
155,582
39,693
Other assets
222,793
215,476
187,984
Total
*34,220,982 $35,481,693 $37,564,665
Liabilities
Capital stock_ __ _
$2,000,000 $2,000,000 $2,000,000
Surp.Id. & undiv. prof. (market val.) 6,541,191
6,467,621
6,389,606
40,098
Unpaid dividends_
958
1
5
1,143
Reserved for taxes
1 45,006
42,645
Preferred deposits
Due savings banks
797,643
625,873
597,476
Due savings and loan associations_
2,776
2,776
2,790
Due as executor. administrator,&c. 2,625,026
3,240,531
2,937,824
Trust dep. not pay. within 30 days
78,252
159,941
887,194
Dep.sec.by N.Y.bds.& tr.co.assets_
239,9a3
Due depositors (not preferred)
18,008,269 18,465,030 21,210,617
Due trust co's, banks & bankers
3,811,476
4,387,212
3,431,547
Other liabilities
76,268
54,413
86,745
Total
$34,220,982 $35,481,693 $37,564,665
Supplementary-For Cal. Year1911.
1910.
' 1909.
Total int. & comm. rec'd during year $1,339,278 $1,428,647 $1,442,892
All other profits received during year_
34,801
147,019
731,530
Charged to profit and loss
On account of depreciation _____
(9)
784,535
(9)
On account of other losses
(?)
21,107
(9)
Int. credited to depositors during year
682,720
821,615
636,839
Expenses during year, exclud. taxes_
344,037
354,688
384,519
Amt. of divs. declared on capital stk_
240,000
210,000
190,000
Taxes paid during the year
88,439
86,113
83,054
Amt. deposits on which int. Is alloweda23,176,483 • 22,689,141 25,039,290
a Figures are of date Dec. 21, 1911.
1910.
$3,471,398
56,957
1909.
$3,473,772
250,923
84,468
73,170
2,000
1,919,002
220,439
1,000,000.
175,282
67,748,634
1,826,706
228,717
1,000,000
191,219
56,694,815
United States Mortgage a Trust Co. (New York).
....$82,516,070 $58,290,783 $58,710,054
Total
Liabilities
$2,000,000 $2,000,000 $2,000,000
Capital stock _
4 404,003
Surp. fd. & undiv. prof. (market val.) 4,502,171
4,380,368
33,282
116,436
Unpaid dividends ____
76,532
1
1137,864
Reserved for taxes __
107,071
J
Preferred deposits
Due savings banks....286,740
253,996
207,359
Due as executor, administrator,&c.
179,618
6,350
125.284
Trust dep. not pay. within 30 days
22,856
28,398
1,407,253
Dep. sec. by State of N. Y. bonds..
142,102
Dep. sec. by trust company assets_
38,121
Due depositors (not preferred)
37,044,817 35,080( 34,3- 6,854
)
.
1- Due trust co's, banks & bankers _ .._ 8,710,591
7,870,035
7,745,270.
Mortgage trust bonds
1 0,526,961 18,138,800
8,315,900
Other liabilities
1 161,527
147,097
Total _
$62,516,079 $58,290,783 $58,710,054
Supplementary-For Cal. Year1911.
1910.
1909.
Total int. & comm. rec'd during year
$2,358,837 $1,980,438
All other profits received during year
257,564
449,601
Charged to profit and loss
On account of depreciation_ __ __
127,530
(9)
39,065.
On account of other losses
(9)
919,297
1,149,639
Int. credited to depositors during year
Int. erect. mtg. tr. bondholders & 0th,
330,164
Expenses during year, exclud. taxes_
33- ,565.
1
342,390
Amt. of divs. declared on capital stk_
480,000
480,000
Taxes paid during the year
71,268
65,232
Amt. deposits on which int. Is allowed
39,117,377 37,504,711
Washington Trust Co. (New York).
ResourcesDec.21 1911. Jan. 11011. Jan. 1 1910.
Bonds and mortgages
$739,131
$628,058
$648,891
Stock and bond investments:
Public securities (market value) __ _
410,680
541,290
465,885
Other securities (market value)__ .. 2,643,347
2,434,520
2,304,570
Loaned on collateral
6,157,850
5,868,900
4,684,950
Bills purchased
353,719
564,550
453,500
Due from approved res've depositories 1,076,907
898,132
20,537
Due from trust cos., banks & bankers
668,177
Specie
1,233,466
1,213,165
1,010,301
Legal-tender notes & bills of nat. bks.
40,000
100,000
100,000
Other assets, accrued interest
92,916
92,383
88,627
Union Trust Co. (New York).
ResourcesDec. 211911, Jan. 11911. Jan. 11910.
Total
$11,341,809 $12,152,720 $12,036,823
Bonds and mortgages
$905,050
Liabilities
$828,050
$930,275
Stock and bond investments:
Capital stock
$500,000
$500,000
$500,000
Public securities (market value)..
4,057,259
1,888,269
1,873,056 Surp. fund & undiv. prof. (mkt. val.) 1,302,398
1,315,082
1,287,138
Other securities (market value) _
14,301,051 12,314,967
9,915,055 Unpaid dividends
25,000
525,000
4,754
Loaned on collateral_
27,581,050 31,459,292 45,405,036 Reserved for taxes
1 8,104
8,000
1
Real estate_
2,400,218
1,900,000
1,900,000 Preferred deposits
Bills purchased _
2,582,137
3,095,220
655,000
Due savings banks
1,493,903, 1,766,119
1,565,239
Due from approved res've depositories 3,002.797
3,185,127
2,065,123
1,783
Due savings and loan associations..
1,259
706
Due from trust co's, banks & bankers 1,121,752
466,759
79,157
417,924
Due as executor, administrator. &c.
48,570
25,435
Specie
6,377.397
7,051,215
8,041,871 . Dep sec. by State of N. Y. bonds_
50,000
45,000
Legal-tender notes & bills of nat. bks_
59,085
90,830
8,268,918
37,245 Due depositors (not preferred)
8,657,532
7,735,016
Cash items _
99
1,260
46,578
262 Due trust cos., banks and bankers...._
43,545
54,755
372,629
Other assets
418,097
29.286
386,503 Other liabilities
119,626
26,459
Total
$11,341,809 $12,152,720 *12,039,9
Total
$62,760,524 $62,699,086 $71,627,350
Supplementary-For Cal, Year
-1909.
Liabilities
Total int. & comm. rec'd
$451,756
year..
1471;240
10
$916;065
1480
Capital stock
$1,000.000 $1,000,000 $1,000,000 All other profits received during year.. $971,144
75,067
during
26,970
Surp. Id. & undiv. prof. (market val.) 8,044,769
7 836,925
8,165,863 Charged to profit and loss
Dividend payable Jan. 10
}
46,894
125,000
125,000
On account of depreciation
60,96853,610
17,563
Reserved for taxes....
__
55,236
49,124
On account of other losses
22,297
Preferred deposits
Int, credited to depositors during year
264,266
268.920
288:487
87 2
8 9
Due savings banks
3,184,642
4,799,724
4,975,452 Expenses during year, exclud. taxes..
86,504
82,315
Due as executor, administrator,&c. 2,033,921
3,100,929
2,044,537 Amt. of divs. declared on capital stk_
80,000
70,000
70,000
Trust dep. not pay. within 30 days
__ ____
506,604
Taxes paid during the year
17,316
17,246
17,395
Dep. sec. by State of N. Y. bonds __
750,000
637,000
472,000 Amt. deposits on which int, is allowed 10,146,679 10,097,648 10,127,140
Dep. sec. by trust co's assets....567,031
508,141
Due depositors (not preferred)
45,380,457 41,970,238 52,830,245
Windsor Trust Co. (New York).
Due trust co's, banks & bankers _ _ 1,077,171
2,005,309
1,162,774
ResourcesDec, 211911. Jan. 11911. Jan. 11910.
Other liabilities
675,639
153,980
802,355 Bonds and mortgages
$377,670
$521,605
$394,500
Stock and bond investments:
Total
....$62,760,524 $62,699,086 $71,627,350
633:898
710 106
878,347
609,314
Public securities (market value)._ _
Supplementary-For Cal. Year1911,
1910.
1909.
Other securities (market value)_ _ _ 1,199,375
791,465
Total int. & comm. rec'd during year.. $2,238,668 $2,511,543 $2,112,745
2,494,722
3,511135:31013
Loaned on collateral
4
4,548,849
All other profits received during year..
345,362
143,400
265,288 Bills purchased
1,006,912
3:99387
1
280
Charged to profit and loss
1,922
Overdrafts
12,341
On account of depreciation
(9)
129,492 Real estate
353.535
245,290
On account of other losses_..(?)
?)
749
907,602
838: 28
0 1 1 070
2,846, 60
298 3697
8
Int, credited to depositors during year 1,464,857
1,676,409
1,605,851 Due from approved res've depositories
328,034
434090:330383
Due from trust cos., banks & bankers
Expenses during year, exclud. taxes..
296,032
270,607
313,196 Specie
456,646
568,708
Amt. of divs. declared on capital stk.
500,000
500,000
500,000 Legal-tender notes & bills of nat. bks.
245,120
268,300
205,020
Taxes paid during the year__
127,406
133,019
123,380 Cash items
418
150,001
Amt. deposits on which int. is alloweda52,190,102 52,506,026 60,539,783
..
68,872
Other assets
352,023
a Figures are of date Dec. 21, 1911.
Total
$8,554,010 $8,538,368 $11,460, 7
32277L
Liabilities
United States Trust Co. (New York).
$1,000,000 $1,000,000 $1,000,000
Capital stock
ResourcesDec. 211911. Jan. 11911, Jan. 1 1910. Surp. fund & undiv. prof.
536,879
(mkt. val.) 1,015,012
406,091
Bonds and mortgages
$4,165,750 $3,995,600 $3,563,750
Unpaid dividends
11,166
5 6,474
Stock and bond investments:
13,184
Reserved for taxes and rent
114,923
1
Public securities (market value) _ _ _ 1,216,500
1,562,500
1,778,500 Preferred dep sits
Other securities (market value) __ _ 9,854,790
9,017,500
9,392,460
127,246
Due savings banks
128,339
75,287
Loaned on collateral
37,795,782 36.023,982 47,366,132
2,532
Due savings and loan associations..
81:497108
1,132
Bills purchased
13,254,181 10,980,595
9,787,455
38,587
Due as executor, administrator.&c.
58,080
Real estate
1,000,000
1,000,000
1,000,000
Trust dep. and dep. secured by
Due from approved res've depositories 5,342,104
5,310,791
5,109,707
238,396
State of New York bonds
207,315
Specie
7,250,000
7,250,000
7,250,000 Due depositors (not preferred)
8,822:446
883 524
5,9 19,234
276 770
8 3 071
Other assets
439,320
381,961
451,372 Due trust cos., banks and bankers...... 5,319:278
775,383109
Total
$80,318,427 $75,522,929 $85,789,376 Other liabilities
53,069
Liabilities
,460 6
9,:7
3
$8,
-554,010 $8,5- 8,368 $111 19502 594
Capital stock
$2,000,000 $2,000,000 $2,000,000
Supallementary-For Cal. YearTot p
1911.
Surplus fund & undiv. prof.(mkt. val.) 14,315,471 13,772,667 13,720,622
$04
1310
(013
$444,322
Total Int. & comm. rec'd during year..
Undiv. prof. & reserved for taxes_ _ _ _
96,000
90,000
83,000 All other profits received during year..
59,088
Preferred deposits
Charged to profit and loss
Due savings banks
3,880,762
4,671,802
4,615,704
On account of depreciation
(9)
Due as executor, administrator, &o. 1,793,964
2,198,595
1,200,764
On account of other losses
(30,419
Trust dep. not pay. within 30 days.. 5,697,168
4,043.761
4,944,494
( ) ,754
157
9
212,087
Due depositors
48,635.566 43,069.943 54,884,140 Int. credited depositors during year..
Expenses during year, exclud. taxes..
191 042
80:00
4
Due trust cos., banks & bankers_ _ _ _ 3,089,923
4,751,002
3,466,069 Amt. of(Mrs. declared on capital
3
0,0 2
1682040
stk_
Other liabilities
815,573
919,159
874,583 Taxes paid during the year
23,929
Total
$80,318,427 $75,522,929 $85,789,376 Amt. deposition which int. Is allowed
6,126,045
8,185, 00
13 963.
5
FEB. 17 1912.]
THE CHRONICLE
453
BROOKLYN COMPANIES.
Brooklyn Trust Co. (Brooklyn).
Franklin Trust Co. (Brooklyn).
ResourcesDec. 211911. Jan. 1 1911. Jan. 1 1910.
Bonds and mortgages....51,005,950
5945,795 51,254,300
Stock and bond investments:
Public securities (market value) _ __
124,701
352,874
124,701
Other securities (market value) _ __ 7,843,512
6,105,004
6,206,935
Loaned on collateral
8,252,966
8,612,967
6,888,484
Bills purchased
705,340
975,224
1,404,403
Overdrafts
304
841
433
Bee:estate_
110,090
100,000
90,000
Due from approved res've depositories 2,821,676
1,192,307
1,113,679
Due from trust co's, banks & bankers
171,702
317,602
459,104
Specie
1,520,766
1,625,897
1,535,863
Legal-tener notes & bills of nat. bks_
489,095
415,853
504,491
Cash items
138,125
____
311,107
451,479
Other assets
176,165
148,509
192,340
Dec. 211911. Jan. 1 1911. Jan. 1 1910.
Resources•
Bonds and mortgages
5879,950
5793,250
5847,650
Stock and bond investments:
Public securities (market value) _ __
978,640
989,165
703,615
Other securities (market value) _ .._ 1,313,547
1.424,709
1,534,829
5,225,761
Loaned on collateral _
3,294,640
6,838,528
Bills purchased
3,057,136
4,006,980
2,022,947
Overdrafts
6,896
214
55
Real estate_
536,741
558,400
548,000
Due from approved res've depositories
715,792
928,657
472,916
Due from trust cos., banks & bankers
397,892
133,382
286,813
1,313,911
Specie
1,181,937
1,059,431
240,476
Legal-tender notes & bills of nat. go_
186,428
288,000
Cash items _
5,135
153,893
19,110
Other assets
55,589
41,677
Z. Total _________________ _
....$33,450,608 521,697,738:520,162,237
• ..
•i
LiabtilUesCapital stock_
$1,000,000 51,000,000 51,000,000
2,341,880
Surp. fd. &undiv. prof. (market val.) 2,414,652
2,371,880
Unpaid dividends} 210,348
50,000
1100,000
117,545
Reserved for taxes
75,393
Preferred deposits
-1,333,604
1,480,475
1,335.481
Due savings banks __ .. ___
102,346
344,443
Due as executor, administrator,e4c.
55,796
684,543
634,193
947,060
Trust dep. not pay. within 30 days
Due depositors (not preferred)
17,290.724 15,511,529 14,378,336
32,978
81,262
100,629
Due trust cos., banks & bankers_ __
72,721
79,196
163,569
Other liabilities..
1
_523,450,608 $21,697,738 520.162,237
Total
-For Cal. Year- • • 1911 •
Supplementary
• 1909.n1
[5928,124
$996,224
5867,479
Total int. & comm. rec'd during year..
148,575
95.031
343,265
All other profits received during year..
Charged to profit & loss, acct. depreo_
5,663
114,040
(7)
Charged to profit & loss acct.oth. loss.
165
7,968
(7)
Int. credited to depositors during year
432,063
523,740
453,550
Expenses during year, exclud. taxes..
192.153
162,251
159,024
Amt. of divs. declared on capital stk..
300,000
250,000
200,000
Taxes paid during the year
35,936
34,356
31,067
Amt. deposits on which int. is allowed 17,053,220 16,900,183 15,770,368
Total
513,787,124 514,608,828 $14,646,750
Liabilities
Capital stock_ __ _ _________________ $1,000,000 $1,500,000 $1,500,000
Surp. fd. & undiv. prof. (market val.) 1,360,800
1,012,243
881,635
Unpaid dividends_ __ __ _ __________}
54,900
j54,216
13,317
R
Reserved for taxes
13,715
110,855
Preferred deposits
Due say. bks., say. & loan ass'ns __
931,051
846,538
927,397
Due as executor, administrator,&e.
11,847
38,822
24,204
Tr. dep. not pay. within 30 days__
87,670
158,305
133,6871
Dep. sec. by State of N. Y. bonds__
169,484
80,0005
Due depositors (not preferred)
9,497.652 10,600,941 10,368,954
Due trust cos., banks eG bankers__
403,770
554,668
548,614
Other liabilities
151,932
58,364
47,121
Total..............$13,787,124 514,608,828 514,646,750
Supplementary
-For Cal. Year1911.
1910.
1909.
Total int. & comm. rec'd during year..
5515,603
;571,402
5536,758
All other profits received during year..
89,937
36,939
432,284
Charged to profit & loss, acct. depreo_
10,890
64,788
353.194
Charged to profit &loss,acet.oth.losses
466
27,657
Int. credited to depositors during year
319,725
278.411
375,026
Expenses during year, exclud. taxes..
182,561
172,451
139,693
Amt. of divs. declared on capital stk_
120,000
120,000
120,000
Taxes paid during the year
32,074
37,673
34,313
Amt. deposits on which int. is alloweda10,075,377 11,921,477 10,611,633
a Figures are of date Dec. 21 1911.
Citizens' Trust Co. (Brooklyn).
Hamilton Trust Co. (Brooklyn).
ResourcesDee. 21 1911. Jan. 1 1911. Jan. 11910.
Bonds and mortgages _
$463,665
;402,315
$438,149
Stock and bond investments:
Public securities (market value) _ .._
370,526
307,500
279,912
Other securities (market value) _ __
85,989
48,971
93,337
Loaned on collateral....
207,418
378,713
261,309
____
Other loans
39,053
37,408
______ _ __
582,849
571,251
Bills purchased
724,204
Real estate
131,738
131,071
218,026
Overdrafts
40
55
239,396
128,256
Due from approved res've depositories
189,750
498
805
Due from trust cos., banks & bankers
433
102,126
131,680
138,873
Specie
57.705
54,925
Legal-tender notes & bills of nat. bks_
48,400
17,401
2,509
Cash items ___________ - ___
9,720
21,856
20,007
27,352
Other assets....__
$2,503,335
Total _
Liabilities
Capital stock.... -;500,000
Surp. fd. & undiv. prof. (market val.)
183,138
Unpaid dividends _
6,499
Reserved for taxes
}
Preferred deposits
Due say. bks. & say. & loan ass'ns_
43,130
Due as executor, administrator,&c.
30,245
Dep. sec. by State of N. Y. bonds_
18,453
Dep. sec. by trust company assets_
59,344
Duo depositors (not preferred)
1
Due trust cos., banks & banker..............
Other liabilities ____
__
_ - :290
8
Total _
Supplementary-For Cal. YearTotal but. & comm. rec'd during year..
All other profits received during year..
Charged to profit & loss, acct. deprec_
Charged to profit& loss,acct.oth.lesses
Int. credited to depositors during year
Expenses during year, exclud. taxes..
Amt. of dive. declared on capital stk..
Taxes paid during the year
Amt. deposits on which int. Is allowed
$2,503,235
1911.
;120,423
7,570
1.850
16,602
25,228
40,071
25,000
11.207
1,230,000
$2,124,134
$2,236,512
500,000
176,638
f
25
14,653
$500,000
173,388
105
3,276
43,831
10,467
2,000
50,000
1,325,047
8,530
2,943
28,762
11,744
$2,124,134
1910.
$123,409
545
22,565
1,396
24,739
34,542
25,000
10,443
1,007,900
50,000
1,454,156
8,280
6,801
$3,236,512
1909.
$107,137
8,922
8,918
16,601
28,394
30,896
25,000
6,000
1,114,000
ResourcesDec. 21 1911. Jan. 1 1911. Jan. 11910.
Bonds and mortgages
$521,850
5586.390
5576,950
Stock and bond investments:
Public securities (market value).._ ..
389,765
411,000
411,000
1,363,805
Other securities (market value) _ _ _ 1,658,430
1,538,798
Loaned on collateral
4,669,080
3,417,872
4,098.715
Bills purchased
358,857
586,456
654,459
Overdrafts
49
70
24
Real estate
9.017
13,944
14,301
Due from approved res've depositories
552,763
521,142
740,033
Due from trust cos., banks & bankers
63,039
18,508
65,655
Specie
617.748
601,159
686,119
Legal-tender notes & bills of nat. bks_
48,255
98,120
104,630
Cash items
14.250
16,335
932
Other assets
79,031
90,211
78,601
Total
$8,343,924
Liabilities
Capital stock
$500,000
Surp. fund & undiv. prof. (mkt. val.) 1,091,283
Unpd. divs. & reserved for taxes.... _ _
6,600
Preferred deposits
Due savings banks
888,552
Due savings and loan associations_
48,677
Due as executor, administrator, &o.
11,327
Tr. dep. not pay. within 30 days
130,818
220,422
Dep.sec.by State of N.Y.bds.(pref.)
Due depositors (not preferred)
5,279,062
91,651
Due trust cos., banks & bankers
Other liabilities
75,532
$8,965,308
$8,368,042
$500,000
1,082,635
7,000
$500,000
1,030,956
6,500
903.070
27,745
11,348
115,711
185,000
5,825,520
252,910
54,369
750,793
31,027
7,248
145,072
140,000
5,497,270
199,933
59.245
Total
58,343,924
Supplementary-For Cal. Year
1911.
Tot. int. & comm. rec'd during year..
All other profits received during year..
Charged to prof. & loss aco't deprec_ _
Charged to prof. & loss acc't oth.losses
Int. credited to depositors during year
Expenses during year, exclud. taxes..
Amt. of divs. declared on capital stk..
Taxes paid during the year
Amt. deposits on Witch int. Is allowed
;8,965,308
$8,368,042
1909.
5338,518
217,488
65,435
10,996
174,035
80,373
50,000
12,219
6,236,298
1910.
$354,457
41,610
24,256
177,809
76,572
57,500
13,338
6,855,123
Home Trust Co. (Brooklyn).
Flatbush Trust Co. (Brooklyn).
ResourcesDec. 21 1911. Jan. 11911. Jan. 1 1910
Bonds and mortgages _____ _ _ ___
$372,500
$309,225
$317,202
Stock and bond investments:
Public securities (market value)- -77,783
52,007
104,416
Other securities (market value) _ __
735,176
901,278
756,725
Loaned on collateral _
1,475,205
1,379,405
1,685,721
--------931,271
Bills purchased ----- -889,404
887,147
Overdrafts _____
71
196
90
Real estate
86,331
78,000
80,262
Due from approved res've depositories
378,800
483,034
438,043
Specie
278,700
278,770
376,607
Legal-tender notes ec bills of nat. bits_
109,130
117,965
207,000
__
Other assets __
48,354
37,536
33,979
Total
54,781,442
Liabilities
Capital stock_
__
$300,000
Surp. fd. & mulls!. prof. (market val.)
294,146
1
Unpaid dividends....
13,290
for taxes
Reserved
Preferred deposits
• Due savings banks
381,284
• Due savings and loan associations_
15,448
• Trust dep. not pay. within 30 days..
10,551
Due depositors (not preferred)
3,748,148
Due trust cos., banks & bankers......
1,616
Other liabilities
17,959
54,490,500
54,644,391
$300,000
286,574
512,000
3,836
$300,000
270,768
12,000
3,500
255,036
3,868
25,571
3,589,174
1,479
13,962
203,392
3,329
98,946
3,722,035
10,338
20,083
Total
54,781,442 54,490,500
Supplementary-For Cal. Year1911.
1910.
Total but. & comm. rec'd during year
$189,568
5199,586
Ali other profits received during year
11,136
11,421
Charged to profit & loss, acct. deprec_
Charged:to profit & loss,acct.oth.losses
7,188
3,830
Int. credited to depositors during year
68,625
76,814
Expenses during year, exclud. taxes_
77,803 •
71,216
Amt. of divs. declared on capital stk_
24,000
24,000
-- •
Taxes7paid during the year _____
7,637 •
7,463
Amt. deposits on which int. Is allowed 2,707,000
2,940,000
54,644,391
1
1909.
5204,043
18,273
67,608
62,519
24,000
5,621
3,013,000
Dec. 211911. Jan. 11911. Jan. 1 1910.
Resources$549,054
5580,437
5567,389
Bonds and mortgages
Stock and bond investments:
466,500
Public securities
363,800
440,600
381,072
Other securities
614,700
445,091
1,040,366
Loaned on collaterals
868,034
813,613
13111s purchased
532,539
716,008
382,929
Overdrafts
48
40
Real estate
35,022
34,273
35,022
Due from approved res've depositories
217,238
17,9,131
169,875
Due from trust cos.. banks & bankers
52,154
53,116
93,101
Specie
159,512
141,304
170,038
Legal tender notes & bills of nat. bks.
44,189
52,500
43,900
Other assets
39,498
45,293
40,073
Total
53,630,415
Liabilitiesapital stock
5750.000
Surp. fund & undiv. prof. (mkt. val.)
350.197
Unpd. divs. & reserved for taxes..
4,841
Preferred deposits
Due savings banks
289,797
Due savings and loan associations_
43,445
Due as executor, administrator, &e.
70,338
Trust dep. & dep. secured by New
York bonds
38,262
Deposits otherwise preferred
Due depositors
1,982,655
Due trust cos, banks and bankers.....
78,185
Other liabilities
22,695
53,545,839
53,190,205
5750.000
332,200
4,773
$750,000
326,325
5,100
239,691
13,865
29,226
220.671
16,071
82,108
52,300
128,113
1,919,883
69,247
6,541
25,000
138.840
1,488,768
135,550
1,773
Total
53,630,415
Supplementary-For Cal. Year
1911.
Tot. int. & comm. reo'd during year..
$157,947
All other profits received during year..
12,934
Charged to prof. & loss aco't depreo_
11,969
Charged to prof. dc loss acc't oth.losses
13,460
Int. credited to depositors during yr..
52,679
Expenses during year, exclud. taxes..
44,741
Amt. of divs. declared on capital stk..
Taxes paid during the year
10,733
Amt. of dep. on which int. is allowed 2,310,000
53,545,839
1910.
$153,492
4,606
16,604
30,545
52,245
42,732
53,190,205
1909.
$147,077
26,907
19,901
10,304
44.356
42,527
10,526
2,270.000
10,486
1,804,000
[VoL. Lxxxxiv
THE CHRONICLE
454
Kings County Trust Co. (Brooklyn).
Nassau Trust Co. (Brooklyn)
-Concluded.
Resources
Dec. 21 1911. Jan. 1 1911. Jan. 1 1910.
$944,611 $1,006,211
Bonds and mortgages
$995,160
Stock and bond investments:
Public securities
335,650
317,529
581,416
'
1,500,181
Otuer securities
1,476,739
• 1,929,431
8,883,839
9,988,436
Loaned on collateral
9,213,117
3,384,033
Other loans, bills purchased
1,873,705
3,025,431
210,000
Real estate
210,000
229,000
1,044,505
Due from approved res've depositories 1,383,429
1,092,952
19,677
9,488
Due from trust cos., banks & bankers
306
1,273,213
1,215,441
Specie
1,317,626
238,140
221,985
232,520
Legal tender notes & bills of nat. bks_
40,747
128,048
13,073
Cash items
96,515
121,896
121,403
Other assets
LiabilitiesDec.21 '11. Jan.1 1911. Jan.1 1910.
Capital stock....$600,000
$600,000
$600,000
Surp. td. & undiv. prof. (market val.)
433,125
476,067
430,020
}
Unpaid dividends_
4.956
84
5 174
Reserved for taxes
1.4,500
6,500
Preferred deposits
Due savings banks
665,611
647,872
708,694
14,555
Due savings and loan associations
51,068
50,663
93,396
Trust dep. not pay. within 30 days_
99,088
124,741
111,085
Dep. sec. by State of N. Y. bonds_
..............4,702,164
4,702,164
4,8iI2,5ii
5,410-(35i
Due depositors........
,
33,276
14,844
Other liabilities_
9,788
______
Total
__ ___ _ _
$6,658,168 $6,709,904 $7,467,090
1909.
Supplementary-For Cal. Year1911.
1910.
$277,535
Total int. & comm. rec'd during year
$274,436
$274,188
81,545
20,635
20,279
All other profits received during year
28,596
Charged to profit & loss, acct. deprec_
66,234
3,284
118,476
Charged to profit&loss,acct.oth.losses
18,436
7,182
136,078
Int. credited to depositors during year
130,184
124,939
80,510
76,718
79,109
Expenses during year, exclud. taxes_
48,000
48,000
Amt. of divs. declared on capital stk_
48,000
10,635
9,921
10,248
Taxes paid during the year
4,522,900
5,509.974
Amt. deposits on which int. is allowed 4,543,200
$19,042,105 $17,952,990 $17,680,057
Total
•
Liabilities$500,000
Capital stock
Surp.fund & undiv. prof.(mkt. val.) 2,190,040
14,040
Unpd. divs. & reserved for taxes__
Preferred deposits
2,568,087
Due savings banks
17,925
Due savings banks & loan assoc'ns
100,489
Due as executor, administrator, &c.
94,409
Trust dep. not pay. within 30 days
13,269,478
Due depositors (not preferred)
91,910
Due trust cos., banks and bankers
195,727
Other liabilities
$500,000
2,103,149
14.500
$500,000
2,001,585
16,000
2,622,697
25,160
114,063
127,551
12,129,840
237,062
78,968
2,172,375
8,603
132,912
149,918
12,434,634
217,431
46,599
$ 19,042,105 $17,952,990 $17,680,057
Total
Supplementary-For Cal. Year
Tot. Int. & comm. rec'd during year.
All other profits received during year..
Charged to prof. & loss act deprec_
Charged to prof. & loss aco't oth.losses
Int. credited to depositors during yr..
Expenses during year, exclud. taxes_
Amt. of (this. declared on capital stk.
Taxes paid during the year
Amt. of dep. on which int. is allowed..
1911.
1910.
$753,152
27,351
6,436
6,085
390,597
114,245
80,000
25,730
14,075,367
1909.
*656,401
131,947
34,475
17,757
364,360
105,857
70,000
23,429
13,963,423
Long Island Loan & Trust Co. (Brooklyn).
Dec. 21 1911. Jan. 1 1911. Jan. 1 1910.
Resources$745,525
$781,750
Bonds and mortgages
$663,250
investments:
Stock and bond
758,000
904,000
Public securities
867,000
3,238,600
3,352,009
2,825,420
Other securities
4,905,960
5,992,690
4,190,586
Loaned on collateral
539,963
838,950
431,500
Other loans
13
4
66
Overdrafts
3,000
Real estate
991,384
656,610
566,632
Due from approved res've depositories
472,114
450,512
470,737
Specie
225,545
349,802
209,660
Legal tender notes & bills of nat. bks.
1,392
11,067
12,910
Cash items
93,758
90,553
95,319
Other assets
$11,381,628 $12,008,479 $12,346,174
Total
Liabilities
Capital stock$1,000,000 $1,000,000 $1,000,000
2,185,834
2,069,338
Surp. fund & undiv. prof.(mkt. val.) 2,124,915
30,000
Unpaid dividends
14,184
130,000
14,600
115,000
Reserved for taxes
Preferred deposits
755,464
823,126
443,040
Due savings banks
7,500
9,764
19,263
Due savings and loan associations..
115,922
147,390
188,243
Due as executor, administrator, &c.
379,499
253,838
819,419
Trust dep. not pay. within 30 days.
81,000
200,000
235,000
Dep.sec. by State of N. Y. bonds _ _
7,389,856
6,469,125
7,700,179
• Due depositors (not pref.)
17.633
20,934
45,345
Due trust cos., banks and bankers__ _
47,505
52,534
30,831
Other liabilities
$11,381,628 $12,008,479 $12,346,174
Total
1911.
1910.
• Supplementary-For. Cal Year
1909.
$510,383
Tot. int. & comm. rec'd during year.. $480,900
$473,283
19,159
profits received dun( ng year..
4,803
All other
147,399
80,923
58,129
Charged to prof. & loss acc't deprec_ _
23,511
3,138
2,710
20
Charged to prof. & loss acc't oth.lesses
216,300
210,167
225,054
Int. credited to depositors d uring Yr89,611
90,889
91,538
Expenses during year, exclud. taxes..
120,000
120,000
120,000
Amt. of divs. declared on capital stk..
31.828
30,727
28,667
Taxes paid during the year
8,548,795
8,724,562
• Amt. of dep. on which int. is allowed_ 7,790,835
Nassau Trust Co. (Brooklyn).
Dec. 211911. Jan. 1 1911. Jan. 1 1910
Resources$487.800
$492,750
$435,225
Bonds and mortgages..
Stock and bond investments:
253,700
406,005
249.930
Public securities
1,181,014
1,075,764
1,009,389
Other securities
2,447,890
Loaned on collateral
1,752 ,787
1,230,092
1,253,625
1,171,012
1,625,314
Bills purchased_
258
58
47
Overdrafts
253,500
260,606
245,400
Real estate_
Due from approved res've depositories 1,116,855
855,639
1,072,166
4,142
Due from trust co's, banks & bankers
319- 5ii
0
4ii:iii
439,257
Specie
221,147
171,906
Legal-tender notes & bills of nat. bks_
100,500
4,577
9,461
1,572
Cash items
62,642
64,448
67,546
Other assets..
$6,658,168
Total
$6,709,904
$7,467,090
The Peoples Trust Co. (Brooklyn).
Dec. 211911. Jan. 1 1911. Jan. 11910.
Resources$946,188 $1,063,723
$868,569
Bonds and mortgages
Stock and bond investments: •
879,600
788,772
Public securities __________________ 1,022,940
172,
721
4,426,157
Other securities_ __ _ _____________ 5,
4,129,691
5,307,958
7,936,338
Loaned on collateral_ __ __ - _____
8,338,781
3,592,216
3,292.087
2,478,463
Bills purchased
821
2,152
510
Overdrafts_
622,008
526,837
532,834
Real estate_ ___ __ ______ _ _-_ __ _ _ - _
1,437,200
1,366,356
Due from approved res've depositories 1,850,266
1,495,765
1,760,351
1,338,826
Specie
378,240
537,000
382,000
Legal-tender notes ec bills of nat. bks..
459,776
289,130
854,398
Cash items
. . .
127,533
106,613
109,048
"Other assets'. $21,665.915 $22,008,248 $20,637,705
Total_
Liabilities
$1,000,000 *1,000,000 *1,000,000
Capital stock
1,645,723
1,670,684
Surp. fd. & undiv. prof. (market val.) 1,696,664
10,983
1
J10,090
10,501
Unpaid dividends
112,897
12,779
Reserved for taxes ___________ _ ____ J
Preferred deposits
1,543,649
1,825,759
1,376,898
Due savings banks
38,550
53,043
60,901
Due savings and loan associations_
415,626
336,184
Due as executor, administrator,&c.
411,025
344,995
245,998
Trust dep. not pay. within 30 days_
160,729
255,000
240,000
Dep. sec. by State of N. Y. bonds_
215,000
19,583
Dep. sec. by trust company assets_
49
18,235,923 16,4-- ,892 15,631,059
Due depositors (not preferred)
64,002
50,844
8,011
Due trust co's, banks & bankers
62,247
84,699
111,931
Other liabilities
Total - ___
421,865,915 $22,008,248 $20,837,705
1910.
1909.
Supplementary-For Cal. Year1911.
$894,116
$841,539
Total int. & comm. rec'd during year
$860,917
145,052
106,425
50,985
All other profits received during year_
67,026
86,316
72,699
Charged to profit & loss, acct. deprec_
21,510
78,319
17,832
Charged to profit &loss,acet.oth.losses
448,608
440,404
444,792
Int. credited to depositors during year
176,639
194,021
196,956
Expenses during year, exclud. taxes_
120,000
120,000
120,000
Amt. of divs. declared on capital stk_
27,897
32,126
33,092
Taxes paid during the year
Amt. deposits on which int. Is allowed 16,379,405 16,461,483 16.205,570
Queens County Trust Co. (Jamaica).
Dec. 211911. Jan. 1 1911. Jan. 11910.
Resources$558,668
$513,466
$510,433
Bonds and mortgages
Stock and bond investments:
230,260
184,245
286,245
Public securities (market value)_
474,628
222,725
273,594
Other securities (market value)_ __
Loaned on collaterals
_____
585,654
686,952
653,743
Other loans _ _ _________________
59,316
47,185
28,707
Bills purchased
239,347
170,748
294,357
312
489
610
Overdrafts
177,694
Real estate
176,694
177,694
14,543
12,706
24,428
Due from trust co's, banks & bankers
130,272
116,872
104,120
Due from approved res've depositories
57,306
49,456
55,833
Specie
114,610
98,915
111,067
Legal-tender notes & bills of nat. bks_
6,391
.............2,146
3,390
.
Cash Items .......
59,426
43,773
60,070
Other assets_
Total _ _ ____________ _ ___________ $2,455,039 $2,619,651 $2,544,378
Liabilities
$600,000
$600,000
$600,000
Capital stock
171,108
158,371
174,061
Surp. fd. es wally. prof.(market val.)
2,120
}
515,150
15,120
Unpaid dividends-...............
1 __ __ _ _
.
2,449
Reserved for taxes
Preferred deposits
1,008
4,835
726
Due savings do loan associations ___
41,735
109,202
37,712
Due as executor, administrator, &c
50,000
80,000
85,000
Dep. sec. by State of N. Y. bonds..
1,490,069
1,411,769
Due depositors (not preferred) __ .._ 1,531,874
44,207
52,958
47,446
Due trust cos., banks & bankers-- .._
100,000
175,000
Bills payable, inel, borrowed money_
4.066
12:iiii
95
..........
Other liabilities....
$2,455,039 $2,619,651 $2,544,378
Total
1910.
1909.
1911.
Supplementary-For Cal. Year*110,399
$99,361
$90,940
Total int. & comm. rec'd during year.
28.836
16,472
15,780
All other profits received during year..
16,430
(?)
6,346
Charged to profit & loss, acct. deprec_
35
19,877
16,792
Charged to profit&loss.acct.oth.losses
36,018
33,292
29,475
Int. credited to depositors during year
31,453
35,868
32,164
Expenses during year, excl. taxes....
30,000
30,000
30,000
Amt. of divs. declared on capital stk.
7,024
8,220
1,725
Taxes paid during the year
allowed 1,808,290
1,479,610
1,343,550
Amt. deposits on which int. is
PHILADELPHIA COMPANIES.
Belmont Trust Co. (Philadelphia).*
Aldine Trust Company (Philadelphia.)
ResourcesReal estate mortgages
Stocks and bonds
Loans on collateral
•
Loans on commercial paper
Banking house
Cash on hand
Cash on deposit
Miscellaneous
Dec. 30 '11. Dec. 31 '10. Dec. 31 '09.
$23,250
$25,750
$23,250
259,036
166,527
190,544
289,021
398,475
334,815
110,499
79,905
100,164
135,000
135,000
135,000
19,864
12,667
18,741
69,984
58,144
88,532
1,319
Nov. 6 '11. Nov. 9 '10. 'Nov. 6 '09.
Resources$53,507
$49,042
$23,149
Cash on hand and due from banks__
29,721
37,655
.53,344
Commercial & other paper purchased
34,133
57,638
51,778
Loans on collateral
12,055
2,470
Loans on bonds and mortgages
15,019
116,897
98,463
102,334
Stocks, bonds, &c
72.450
32,600
71,520
Mortgages
46.953
46,236
47,374
Banking house,furniture ec fixtures
806
806
806
Miscellaneous assets
$906,654
$874,468
$872,365
$200,000
120,000
14,603
472,051
100,000
$200,000
120,000
9,748
444,720
100,000
$200,000
120,000
8,790
443,575
100,000
Liabilities
Capital stock
Undivided profits
Deposits
Other liabilities
$874,468
$906,654
$18,375
a$17,831
1919.
1911.
Dividends paid In calendar year
6%
4%
Figures are of date: a Nev. 6 1911: ö Nov. 4 1909.
$872,365
5117,930
1909
4%
Total
Trust department (additional)
Total
Liabilities
Capital stock (paid in)
Surplus fund
Undivided profits
Deposits
Ground rent (4%)
Total
Trust department (additional)
$395,682
Total
• Began business Dec. 7 1908.
•
$369,991
$293,082
*125,000
13,850
256,832
$125,000
8,359
236,440
192
;125,000
4,470
163,512
•100
$395,682
$39,812
$369,991
$38,296
$293,082
$33,616
Commonwealth Title, Insur. & Tr. Co. (Phila.)-Concluded.
Central Trust & Savings Co. (Philadelphia).
Dec. 30 '11. Dec. 31 '10. Dec. 31 '09.
Resources$491,066
$520,912
$642,273
Stock investments
1,230,053
1,321,815
Commercial & other paper purchased 1,239,350
2,018,972
1,823,304
1,978,791
Amount loaned on collaterals
354,588
360,755
331,672
;
Real estate, furniture & fixtures _ _ _
201,026
238,925
281,588
•,..
Cash on hand
582,605
604,359
796,577
Cash on deposit
43,560
10,040
236
Miscellaneous
Total
Liabilities
Capital stock
Surplus fund
Undivided profits
Deposits
Other liabilities
$5,270,487
$4,880,200
$4,921,870
$750,000
450,000
62,990
3,970,610
36,887
$750,000
400,000
60,671
3,650,751
18,778
$750,000
350,000
59,976
3,755,115
6,779
Total
Trust department (additional)
$5,270,487
$1,190,562
1911.
s
'
,
Rate of interest paid on deposit of
2% &3%
$500 and over
6%
Dividends paid in calendar year
$4,880,200 $4,921,870
$1,080,922 a$1,073,984
1909.
1910.
2% &3%
6%
2% &3%
6%
a Figures are of date Nov. 6 1909.
Ohelten Trust Co. (Philadelphia).
Resources
Real estate mortgages
Loans on collateral, &o
Real estate
Cash on hand
Cash on deposit
Bonds, stooks, do
Other assets
Nov. 6 '11. Dec. 31 '10. Dec. 31 '09.
$121,900
$168,950
$192,000
353,936
427,944
443,041
92,500
86,000
90,981
25,898
27,054
29,577
30,339
33,880
32,896
320,298
364,166
414,9491
42,4091
$1,245,853
Total
Ltabflillesstook
*200,000
Capital
100,000
Surplus fund
24,245
Undivided profits
896,564
General deposits payable on demand
)
Special deposits
Other liabilities
25,044
$1,107,994
$944.871
$200,000
100,000
18,910
738,519
50,565
$200,000
100,000
14,849
1361,650
1248,590
19,782
Total
Trust department (additional) _ _
$1,107,994
$181,215
$944,871
$112,455
$1,245,853
. $211,083
Resources
Dec. 30 '11. Dec. 31 '10. Dec. 31 '09.
__
Real estate mortgages_ _ _
$123,480
585,380
$22,730
357,633
Stooks and bonds
376,237
307,603
649,393
Loans on collateral
669,073
608,479
224,334
249,731
209,586
Real estate, furniture and fixtures
179,255
183,715
Cash on hand and in banks
154,928
234,679
Commercial and other paper owned
215,161
162,908
2,836
3,800
1,171
Other assets
Total
Trust department (additional)
Rate of interest paid on deposits
Dividends paid In calendar year
$1,733,510
81,649.184
$1,639,508
$255,750
280,041
1,107,719
$250,000
270,840
1,128,344
$250,000
269,746
1,119,762
$1,733,510 $1,649,184 $1,639,508
$212,083
$75,031
$2,452,840
1909.
1910.
1911.
---Cheek,2%;savings, 3%----4%
4%
4%
Columbia Avenue Trust Co. (Philadelphia).
ResourcesDe. 30 '11. Dec. 31 '10. Dec. 31 '09.
$482,678
Cash on hand and due from banks_ ._
$385,101
$381,791
Commercial and other paper owned_ _
73,050
71,500
61,782
242,804
Loans on collateral
251,645
363,743
727,714
Loans on bonds and mortgages
874,384
734,670
712,715
Stocks, bonds, &c
769,242
830,917
286,836
318,714
Mortgages
375,575
180,000
180,000
Banking house, furniture, &c
180,000
194,134
181,917
101,417
Other real estate
8,281
1,397
1,746
Miscellaneous assets (accrued interest)
$3,111,792
Total
Liabilities
$400,000
Capital stock
455,935
Surplus and undivided profits
2,237,983
Deposits
16,000
Dividend
1,874
Dividends and Interest to depositors..
$3,043,749
$2,906,212
$400,000
436,564
2,100,801
16,000
384
$400,000
407,508
2,079,377
16,000
5,327
53,111,792
$427,381
1911.
All
Amount of deposits receiving interest
Rate of interest paid on deposits of
2 & 3%
$500 and over
8%
Dividends paid in calendar year
53,043,740
$414,942
1910.
All
$2.908,212
$402,651
1909.
(7)
2 &3%
8%
(?)
2%
Total
Trust department (additional)
Total
LiabiltitesCapital stock
Surplus and reserve fund
Undivided profits
Deposits subject to check
Other liabilities
Dec. 30 '11. Dec. 31 '10. Dec. 31 '09.
$246,822
$238,157
3275,448
1,711,023
2,183,384
1,642,095
4,491,291
3,266,864
3,391,150
4,249,282
4,682,924
_ 5,496,917
540,588
552,486
546,589
90,245
93,084
88,371
$11,320,997 $11,133,574 $11,341,149
$1,000,000
2,000,000
370,992
7,887,745
62,260
$1,000,000
1,750,000
512,750
7,809,589
61,235
51,000,000
1,500,000
593,702
8,160,216
87,231
$11.320,997 $11,133,574 $11,341,149
$231,029
52,578,345 51,204,135
1911.
1909.
1910.
Rate of interest paid on deposits of
2%
$500 and over
2%
2%
14%
12%
Dividends paid In calendar year ____
13%
Total
Trust department (additional)___
Commonwealth Title Insurance & Trust Co. (Philadelphia).
ResourcesReal estate mortgages
Bonds
Loans on collateral
Real estate
Cash on hand
Cash on deposit
Other assets
Total
Dec. 30 '11. Dec. 31 '10. Dec. 31 '09.
$273,450
$344,800
$346,180
3,499,091
3,459,830
3,393,312
2,013,183
1,825,284
1,883,204
1,354,203
1,320,740
1,322,841
248,809
231,375
247,553
418,802
437,100
499,922
116,287
118,834
113,776
$7,890,362
.„
Dec. 30 'IL Dec. 31 '10. Dec. 31 '09.
$1,000,000 $1,000,000 $1,000.000
1,100.000
1,100,000
1,250,000
222,966
323,073
192,453
5,570,332
5,246,546
5,447,753
15,048
156.
249
$7,890,362 $7,669,868 $7,908,346
$13,900,242 512,499,486 512,079,681
1911.
1909.
1910.
Rate of interest paid on deposits of
2%
2%
2%
$100 and over
12%
12%
12% ,
Dividends paid in calendar year
Total
Trust department (additional)
Continental Title & Trust Co. (Philadelphia).
Non. 6 '11. Dec. 31 '10. Dec. 31 '09.
Resources$462,393
Real estate mortgages_
$517,522
*476,678
1,082,841
1,096,823
Stocks and bonds
1,167,773
2,068,587
2,054,614
Loans on collateral
1,772,397
Cash on hand and in bank
419,892
439,225
596,060
358
546
Overdrafts
446
Other assets
8,985
10,923
138,095
Real estate, furniture and fixtures__ _
321,210
286,760
286.810
Total
$4,438,259 *4,406,413 $4,364,266
Liabilities
5500,000
Capital stock
$500,000
$500,000
Surplus
200,000
200,000
200,000
Undivided profits
75,608
101,398
111,211
Dividends unpaid
448
283
572
Deposits, special
1,094,180
1,098,447
1,076.417
General deposits, payable on demand 2,397,484
2,457,587
2,466,408
Deposits, special settlement
24,931
27,623
23,515
Other liabilities
11,512
124,952
16,362
Total
Trust department (additional)
34,438,269
$547,242
34,406,413 54,364,266
$464,482 . $577.008
$7,669,868
ResourcesNov. 6 '11. Nov. 9 '10. Nov. 6'09.
Cash on hand
$18,970
$15,934
517,304
Due from banks and bankers
24,061
49,139
39,901
Loans
25,167
49,572
83,290
Stocks, bonds. &c
118,866
159,291
133,322
Mortgages
130,140
151,556
129,536
56,656
Real estate, furniture and fixtures__ _
57,472
57,729
2,841
5,841
Miscellaneous
5,052
Total
Liabilities
Capital stock (paid in)
Surplus and undivided profits
Deposits
Miscellaneous
$487,989
5465,877
3377,774
$156,575
24,080
304,913
2,421
5156,575
17,961
290,241
1,100
$156,575
8,879
211,120
1.200
Total
Trust department (additional)
$487,989
$675
$465,877
$655
$377,774
$622
Equitable Trust;Co. (Philadelphia).
ResourcesReal estate mortgages
Stocks and bonds
Loans on collateral
Real estate
Cash on hand and in banks
Other assets
Dec. 30 '11. Dec. 31 '10. Dec. 31 '09.
5118,359
5124,609
$116,509
1,184,000
1,131,812
1,013,660
2,165,211
2,182,317
2,241,261
392,403
388,635
390,885
360,469
397,906
405,439
112,570
112,224
339,408
34,345,036
Total
Liabilities
Capital stock
Surplus and reserve fund
Undivided profits
General deposits
Next dividend
$4,272,791
Total
Trust department (additional)
$4,272,791
$3,517,313
1911.
$4,345,036
$3.282,797
1910.
Rate of interest on deposits of $500
2% & 3%
and over
6%
Dividends paid in calendar year
2% &3%
6%
54,559,850
$1,000,000 $1,000,000 $1,000,000
225,000
225,000
225,000
45,993
36,178
39,892
3,044,043
3,264.958
2,981,613
30,000
30,000
30,000
$4.559,850
$2,912,342
1909.
.
& 3%
6%
Excelsior Trust & Savings Fund Co. (Philadelphia).
171r. 6 '11. Dec. 31 '10. Dec. 31 '09.
Resources$37,000
$52,574
(ash on hand----------$55,721
102,000
39.394
221,120
from banks, &c
Due
616,000
458,324
554,743
Stocks and bonds
359,273
310,700
260,213
,-___
Loans on collateral
337.000
418,276
484,68?
Mortgages
40,500
41,625
40,610
Real estate, furniture and fixtares._ _
15,252
12,151
8,000
..
.
Other assets
-$1,470,531 $1,543,627 $1,481,200
Total_ .
Liabilities
4300,000
$300 000
$300 000
Capital stock
70,000
93,508
107,798
LndivIded profits and reserve fund_ .
1,111,200
1,150,119
1,062,733
Deposits
$1,470,531
Total. _
$1,543,627
$1,481,200
Fairmount Savings Trust Co. (Philadelphia).
Commercial Trust Co. (Philadelphia).
ResourcesCash on hand
Due from banks, &c
Loans on collateral
Stocks, bends, &e
Real estate and vault
Other assets
LiabilitiesCapital stock paid In
Surplus and reserve fund
Undivided profits
Deposits
Other liabilities
Empire Title & Trust Co. (Philadelphia).
Colonial Trust Co. (Philadelphia).
Total
Liabilities
Capital stock
Surplus and undivided profits
General deposits
455
THE CHRONICLE
FEB. 17 1912.]
$7,908,346
ResourcesCash on hand and In bank
Reserve bonds
Bonds other than reserve
,
Demand loan
Time loans
Mortgages
Commercial paper
_
Furniture and fixtures__
Other resources__ .
Dec. 30 '11. Dec. 31 '10. Dec. 31 '09.
$76.539
567,155
591,921
482,576
46,790
46,7891
490,106
442,4221
141,653
361,979
285,1311
147,107
139,0301
13,961
89,755
60,578
46.425
16,600
22,950
35,269
35,258
30.000
9,513
_
Total
LiabillUesCapital paid in
Sqrplus and undivided profits
Deposits
Treasurer's and certified checks
Bills payable
$1,255,842
$1,107,242
5856,423.
$250,000
76.168
879,508
166
50,000
5248,100
55,697
803,445
$237,300
39,937
579,186
Total
Trust departfrent (additional)
$1,255,842
$22,618
$1,107,242
49,970
$856,423
a$5,044
a Figures are of date Nov. 9 1910 and Nov. 6 1909.
Federal Trust Co. (Philadelphia).
Resources
Bonds
Real estate mortgages
Loans on collateral
Loans on personal securities
Real estate
Cash on hand
Cash on deposit
Other assets
Total
Dec. 30 '11. Dec. 31 '10. Doc. 31 '09;166,238
$101,385
$97,148
65,045
66,990
56,968
184,395
249,369
288,502
67,218
86,641
31,303
67,200
68,200
66,200
25,490
33,980
30,944
24,384
42,075
43,940
1,585
2,338
1,522
$742,942
5626.623
5499,495
[VoL. Lxxxxiv.
THE CHRONICLE
456
Federal Trust Co. (Philadelphia)
-Concluded.
German-American Title & Trust Co. (Philadelphia).
Dec. 30 '11. Dec. 31 '10. Dec. 31 '09.
• • •
• •
LiabilitiesCapital stook
$125,500
$125,500
5125,500
Surplus fund
44,e03
39,101
48,454
General deposits payable on demand_
456.512
334,879
568,978
8
Other liabilities
15
10
'j,',' • Dec. 30 '11. Dec. 31 '10. Dec. 31 '09.
• Resources-, „.,.,
$61,211
575,703
Cash on hand
$52,729
147,674
175,398
136,568
Due from banks, deo
743,905
788,540
Loans on collateral
713,782
1,001,723
975,721
866,397
Stocks, bonds, &c:
634,963
583,752
005,820
Mortgages
46,701
31,923
Commercial paper purchased
17,249
302,300
302,300
275,000
Real estate, furniture and fixtures
4,299
5,071
2,709
Other assets
52,958,040 52,801,074 52,792,323
Total
Liabilities
$500,000
5500,000
;500,000
Capital stock
306,056
336,627
384,863
Undivided profits and reserve fund
1,986,123
1,964,303
2,073,033
Deposits
144
144
144
Other liabilities
$2,958,040 $2,801,074 $2,792,323
Total
5451,718
$526,895
$587,886
Trust department (additional)
1910.
1909.
Statistics for Fiscal Year end. Sept. 30. 1911.
$131,651
$141,841
$142,360
Total profits for year
41,982
43,672
43,445
Int. credited depositors during year
39,703
37,368
42,819
Expenses of institution, same period_
24,990
24,990
24,990
Amount of divs. on company's stock_
1,816,817
1,869,277
Amount of deposits receiving interest 1,896,329
2&3%
2803%
Rate of interest paid on deposits
2&3%
Total
5742,942
1911.
Amount of deposits receiving interest
$568,978
2 & 3;i%
Rate of interest paid on deposits
$626,623
1910.
$456,512
2 & 3A%
$499,495
1909.
$334,879
2 &3%
Fidelity Trust Co. (Philadelphia).
=ResourcesJan. 31 '12. Nov. 9 '10. Nov. 6 '09.
82,475,729 $1,908,181 $1,865,181
Bonds and mortgages
15,059,846 14,130.793 14,971,237
Stocks, bonds, doe
14,380,059 13,534,962 15,195,565
Loans on collateral
1,978,000
1,982.283
1,988,384
Real estate
1,091,668
Cash. on handf
1,120,730
15. 91,403 14,067.972
5
Cash on deposit
3,758,899
96,547
33,440
Other assets
22,912
Total
Liabilities
Capital stock
Surplus and profits
Deposits
Other liabilities
Total
Trust department (additional)
Dividends paid in calendar year
$39.585,867 536,745.016 $38,923,108
$2,000,000
11,418,040
26,128,079
39,748
$2,000,000
10,505,604
24,212,049
27,363
$2,000,000
9,847,216
26,939,732
136,160
$39,585,867 $36,745,016 $38,923,108
$159,841,611 5116990,319 5113191,250
1911.
1910.
1909.
32%
36%(0 on.)
25%
Finance Co. of Pennsylvania (Philadelphia).
Nov. 6 11. Nov. 9 '10. ,Non. 6 '09.
Resources
$70,689
555.329
Cash on hand
;69.141
449,022
282,027
Due from banks, See
259,457
37,758
Commercial and other paper owned.._
305,774
5,543,847
5,520,725
Stocks, bonds, eco
5,870,542
1,050,524
1,170,224
Loans on collateral
948,888
417,500
197,000
Mortgages
341,250
1
12
1,122
Other assets
676,926
526,529
491,339
Real estate
$8,208,509
Total
Liabilities
53,337,800
Capital stock
Undivided profits and reserve fund_ _ 2,009,734
2,064,707
Deposits
626,320
Bills payable
169,948
Miscellaneous liabilities
57,789.604
$3,440,300
2,040,990
970.681
1,314,595
23,038
38,287,513
$3,403,200
1,728,134
1,045,688
2,020,000
491
$8,208,509 57,789,604 58,287,513
Total
1909.
1911.
1910.
Rate of interest paid on deposits of
2%
2%
2%
$500 and over
Dividends paid In calendar year
6%
First preferred stock
6%
6%
Second preferred stock
5 6: 1% ext. 5 & 1% ext. 5 & 1% ext.
First Mortgage Guarantee & Trust Co. (Philadelphia).
Nov. 6 '11. Dec. 31 '10. Dec. 31 ,
Resources09.
$169,687
5243,446
$284,953
Cash on hand and in bank
1,844,585
1,139,720
917,149
Loans
317,884
546,918
405,823
Bonds and stocks
45,648
395,500
202,900
Mortgage investments
Securities pledged for bills payable
205,846
and special deposits
374,795
220,422
216,487
Building
9,028
5,112
3,956
Furniture and fixtures
23,832
41,840
28,509
Miscellaneous assets
Total
Liabilities
Capital stock paid
Surplus and profits
Deposits
Bills payable on demand
Other liabilities
53,124,579
52,501,191
52,018,271
51,000,000
434,284
1,354,573
146,192
189,530
$1,000,000
411,535
1,071,166
5986,046
334,481
687,848
18,490
9,896
Total
Trust department (additional)
53,124,579
$27,934
52,501,191
059,564
52,018,271
(44,238
a Figures are of date Nov. 9 1910 and Nov. 6 1909.
Frankford Trust Co. (Philadelphia).
Dec. 30 '11. Dec. 31 '10. Dec. 31 '09.
Resources$443,320
$437,420
$426,945
Real estate mortgages
1,399,982
1,322,747
1,363,790
Stocks and bonds
364,264
402,505
244,505
Loans and collateral
60,236
117,378
76,184
Loans on personal securities
26,000
28,000
26,000
Real estate
73,293
202,176
60,246
Cash on hand and reserve bonds
141,087
109,227
127,733
Cash on deposit
9,500
8,500
10,500
Other assets (incl. vault, furn.ecfixt.)
52,631,853 52,511,782 $2,335,903
Total
Liabilities
$125,000
;125,000
$125,000
Capital stock
200,000
175,000
150,000
Surplus and reserve fund
48,115
49,000
51,227
Undivided profits
2,156,532
2,004,676
Gen. dep. payable on demand& time_ 2,251,238
7,500
6,250
5,000
Dividends payable
52,631,853 52,511,782 $2,335,903
Total
3428,384
5419,931
3351,730
Trust department (additional)
1911.
1910.
Year1909.
Statistics for Calendar
Increase profit and loss for year, In524,115
522,772
521,636
cluding surplus
54,061
51,033
46,149
Int. credited depositors during year_ _
20,805
19,988
17,069
Expenses of institution, same period_
15,000
12,500
10,000
Amt.dividends on company's stock_ _
2,251,238
2.156,532
2,004,676
Amt. deposits receiving interest
Check, 2%; time, 3%,
Rate of int. paid on deposits
Franklin Trust Co. (Philadelphia).
Dec. 30 '11. Nov. 9 '10. Dec. 31 '09.
Resources$109,159
$99,022
$109,908
Bonds and mortgages
88,025
168,331
bonds
106,877
Stocks and
Amt. loaned on coliaterals and per1,055,846
1,253,078
760,346
sonal securities
59,272
53,898
23,656
Cash on hand
111,530
52,676
93,408
Cash on deposit
20,240
23,414
16,301
Other assets
Total
Liabilities
Capital stock paid In
Surplus and undivided profits
Deposits
Other liabilities, bills payable
51,650,419
;$400,000
127,174
1,083,054
40,191
51,444,072
$1.110,496
5361.444
$271,738
• 98,931
103,124
893,004 ' 739,733
86,500 •
94
Germantown Trust Co. (Philadelphia).
Dec. 30 '11. Dec. 31 '10. Dec. 31 '09.
Resources$657,779
$543,958
_
$833,909
Cash on hand, due from banks
2,540,264
2,559,108
2,823,975
Loans on collateral
369,589
333,379
275,144
Loans on bonds and mortgages
1,806,185
2,167,565
1,650,284
Stocks, bonds, Sco
170,191
172,152
171,235
Real estate, furniture & fixtures_ _ _ _
18,656
18,028
21,777
Other assets
55,797,938 55,502,664 55,772,575
Total
Liabilities
$600,000
5600,000
5600,000
Capital stock
740,758
793,818
835,577
Surplus and profits
4,431,817
4,168,846
4,362,361
Deposits
55,797,938 55,502,664 55,772,575
Total
56,224,098 55,569,220 55,196,069
Trust department (additional)
1909.
1910.
1911.
Rate of interest paid on deposits of
2%
2%
2%
$500 and over
8%
10%
10%
Dividends paid In calendar year
Girard Avenue Title & Trust Co. (Philadelphia).
Dec. 30 '11. Dec. 31 '10. Nov. 6 '09.
Resources$163,770
$105,500
$151,750
Real estate mortgages
387,489
372,303
438,257
Stocks and bonds
324,048
314,837
267,950
Call loans on collateral
35,292
30,485
31,354
Time loans on collateral
28,400
29,081
41,283
Commercial paper
52,145
52,145
52,145
Real estate
34,933
34,048
41,459
Cash on hand
25,632
58,655
51,128
Cash on deposit
17,739
16,856
17,183
Furniture, fixtures and vault
771
46
Miscellaneous
51,078,981 51,048,458
$1,109,905
Total
Liabilities
$200,000
5200,000
5200,000
Capital stock
106,000
106,000
106,000
Surplus fund
22,214
30,033
33,092
Undivided profits
216,496
246,462
252,789
Deposits, special
503,748
496,486
518,024
General deposits, payable on demand
;1,109,905 $1,078,981 51,048,458
Total
$9,285
;9,887
514.555
Trust department (additional)
1910.
1911.
-2% and 3%Rate of interest paid on deposits of ;500 and over..
7%
7%
Dividends paid in calendar year
Girard Trust Co. (Philadelphia).
Dec. 30 '11. Dec. 31 '10. Dec. 31 '09.
Resoucres57,607,951 56,847,244 56,028,493
Cash on hand and in banks
19,060,461 22,208,797 22,900,701
Loans
16,532,941 13,790,743 15,336,134
Securities
2,896,547
2,894,348
2,891,900
Real estate
546,693,313 545,741,132 547,161,875
Total
Liabilities
;2,500,000 $2,500,000 $2,500,000
Capital stock
7,500,000
7,500,000
7,500,000
Surplus fund
1,568,029
1,939,411
2,272,095
Undivided profits
34,196,003 33,376,721 35,218,846
Deposits
425.000
375.000
225.215
Dividend
546,693,313 $45,741,132 $47,161,875
Total
Trust dept., excl. of corp. trusts____a125,501,767a110,441,641a105,147,475
1910.
1911.
1909.
Rate of int. paid on deposits of $500
2%
2%
2%
and over
34%
30%
36%
Dividends paid in calendar year
a Figures are of date Nov. 6 1911, Nov. 9 1910 and Nov.6 1909.
Guarantee Trust & Safe Deposit Co. (Philadelphia).
Dec. 30 '11. Dec. 31 '10. Nov. 6 '09.
Resources
$231,424
5235,094
$212,895
Cash on hand
502,423
539,105
576,810
Due from banks and bankers
2,725,016
2,407,309
2,961,645
Loans on collateral
245,550
450,465
203,700
Loans on bonds and mortgages
2,230,457
2,381,774
2,459,054
Stocks, bonds, Foe
200
615,
98,300
Mortgages
603,923
609,464
Real estate, furniture and fixtures_ _
29,160
31,411
39,205
Other assets
481:N3
Total
Liabilities
Capital stock
Surplus fund
Undivided profits
Deposits
Other liabilities
Total
Trust department (additional)
Dividends paid In calendar year
151,650,419
5874
$1,444,072
L52,053
$1,110,496
151.631
$6,889,938
57,161,073
$1,000,000
600,000
103,007
5,425,204
1,611
51,000,000
000,000
78,233
5,211,395
310
51,000,000
600,000
58,087
5,502,425
561
$7,130,722 $6,889,938 $7,161,073
517,269,210 517,179,730 513 968,440
i910.
1911.
10%
10%
Haddington Title & Trust Co. (Philadelphia).
ResourcesBonds, stocks, &o
Mortgages. __ -- -- - ------------ __ --- _ Loans on collateral and bonds and mortgages
Loans without collateral
Commercial paper
Cash on hand
Cash on deposit
Office buildings, furniture and fixtures
Other assets
Total
Liabilities
Capital stock
Undivided profits
Deposits
Total
Total
Trust department (additional)
$7,130,722
• Began businesslJune 1 1911.
'
Nov. 6 '11.4
$44,588
71,550
39,194
25,453
40,829
10,120
24,637
48,114
472
$304,957
$125,000
12,891
167,066
$304,957
THE CHRONICLE
FEB. 17 1q12
Hamilton Trust Co. (Philadelphia).
Kensington Trust Co. (Philadelphia)-COnClUded.
Resources
Dec. 30 '11. Dec. 31 '10. Dec. 31 '09.
Cash on hand
$69,916
$75,675
$74,562
Checks and due from banks, &c
9.1,088
48,909
96,255
Commercial and other paper owned_
548,161
469,649
521,112
Loans on collateral
321,915
182,051
246,341
Loans on bonds and mortgages
191,161
69,471
129,227
Stocks, bonds, &c
354,673
365,880
321,128
Mortgages
155,250
222,450
238,450
Real estate, furniture and fixtures_ _
245,987
270,031
318,510
Accrued interest receivable
8,017
10,115
9,328
Total
Liabilities
Capital stock
Surplus fund
Undivided profits
Deposits
Bills payable
Dividends unpaid
Miscellaneous, accrued in
$1,772,164
$400,000
125,000
20,986
1,096,223
125,000
141
4,941f
payable_
$1,891,221
$1,995,927
$400,000
125,000
22,456
1,237,186
100,000
6,579
$400,000
125,000
34,429
1,436,498
Total
Trust department (additional)
$1,772,164 $1,891,221 $1,995,927
a$23,974
a$37,633
$117,983
1909.
1911.
1910.
Rate of Int. pd. on dep. of $500 & over
2 to 3 60-100%
Dividends paid In calendar year
6%
6%
a Figures are of date Nov. 9 1010 and Nov. 6 1909.
Holmesburg Trust Co. (Philadelphia).
Dec. 30 '11. Dec. 31 '10. Dec. 31 '09.
Resources
$14,262
$28,347
$15,862
Cash on hand
27,544
14,258
36,267
Due from banks and bankers
41,260
30,959
35,621
Commercial and other paper owned_ _
60,700
87,650
60,350
Loans on collateral
198,186
300,889
244,039
Bonds
43,875
69,100
43,897
Mortgages
38,000
38,000
38,000
Real estate, furniture and fixtures_ _
Miscellaneous assets
3,166
2,433
2,006
$521,636
$476,045
1$426,993
$125,000
48,000
3,277
345,210
149
Total
Liabilities
Capital stock paid in
Surplus fund
Undivided profits
Deposits
Dividends unpaid
$125,000
40,000
3,026
307,865
154
$125,000
35,000
3,469
263,524
Total
Trust department (additional)
$521,636
$476,045
$426,993
$1,054
;572
$158
1911.
1910.
1909.
Interest paid on deposits_ _ _ _-2% check accts., 3% say. fundRate of
Dividends paid in calendar year _ __
• • 2% , • • _ 2%
2%
Independence Trust Co. (Philadelphia).
ResourcesDec. 30 '11. Dec. 31 '10. Dec. 3 '09.
Stock and bond invest's (market val.) $3,197,667 $.),081,808 $2,921,130
Loans on collateral
986,0.%4
1,048,481
1.107 785
Other loans, including bills purchased
88,537
34 ,2 9
255,262
Due from trust co's, banks, bankers
_
and brokers _
_ _ __ __
219,081
118,370
302,989
Specie
24,600
2,1511
C 8.8%,81
Legal-tender notes & notes of nat. bks
66,654
65,403
Ot il r reso ces_
51,485
25,595
222,723
Total _
$1,531,096
$4,876,151
$4,792,635
Liabilities
Capital --------------$1,000,000
Surp. 80 undiv. profits (market V':lue)
992,400
Deposits
2,509,246
Dividend payable Jan. 2 1912 __
_
20,000
Other liabilities _
9,450
$2,000,000
708,383
2,167,768
$2,000,000
631,205
2,161,430
$4,531,096
$9,344
$4,876,151
a$3,929
$4,792,635
Total ________
_
__
Trust d partment (additional)
_a Figures arc of dat
LiabilitiesCapital stock
Surplus and undivided profits
Deposits
Dividend payable Jan. 1 1912
Miscellaneous liabilities
Dec. 30 '11. Dec. 31 '10. Dec. 31V09.
$150,000
5200,000
$150,000
27,543
57,038
38,065
1.129,984
566,757
858,351
5,000
842
694
3,000
Total
Trust department (additional)
$1,049,416
$1,392,716
a$3,849
1911.
Rate.of int. pd. on dep. of $500 & over
2%
Dividends paid In calendar year
5%
_
Industrial Trust, Title & Savings Co. (Philadelphia).
ResourcesDec. 30 '11. Dec. 31 '10. Jan. 1 '10.
Cash on reserve
$428,937
$541,957
$490,695
1,891,713
Loans on collateral
1,945,262
2,132,587
Mortgages and ground rents
2,103,664
2,044,832 '2,031.850
Stocks, bonds, &c
1,603,684
1,431,253
1,421,553
Real estate (free of encumbrance).._ ..
103,294
121,0011
199.632
Furniture 63 fixtures & banking house
73,084
76.0581
$6,507,008 • $6,048,241 • $6,086,705
ResourcesDec. 30 '11. Nov. 9 10. Nov. 6 '09.
Real estate mortgages
$1,975,581 $1,596,799 $1,394,190
Stocks and bonds
1,697,949
1,732,607
1,799,886
Loans on coll. & corn, paper purchased 1,189,249
1,239,994
1,272,324
Real estate, furniture and fixtures_ _ _
69,527
71,000
71,000
Cash on hand and on deposit
65:1,613
475,886
443,053
Other assets
7,170
6,288
5,220
$5,593,089
Total
Trust department (additional)
$5,122,574
$4,985,673
$500,000
875,000
227,535
3.981.654
8,900
Capital stock
fund
PalVisd2
___
Deposits
Other liabilities
$500,000
825,000
194,803
3,597,931
4,840
$500,000
750,000
194,099
3,534,711
6,863
$5,593,089
• $770,074
$5,122,574 $1,985,673
$446,221 ..,$602,352
Kensington Trust Co. (Philadelphia).
•
ResourcesReal estate mortgages
Loans on collateral
Loans on personal securities
Stocks, bonds, &c
Cash on hand
Cash on _deposit
Banking house
Other assets
Total
Dec. 30,11. Dec.31 '10. Dec. 31 '09.
$193,020
$130,750
823,255
$898,108
224,093
1:18,825
115,732
78,604
48,8451
83,105
f 24,992
151,722
1109,898
59,803
68,203
37,890
339
1
$1,392,716
1909.
2%
The Land Title & Trust Co. (Philadelphia).
ResourcesDec. 30 '11. Dec. 31 '10. Dec. 31 ,
00.
Cash on hand
$610,808
$356,757
$424,624
Due from banks, he
1,998,577
1,932,471
2,792,148
Loans on coll, bonds and mortgages_ 4,836,123
5,105,158
4,793,128
Stocks, bonds, &c
2,952,588
3,168 937
3,528,600
Mortgages
1,386,400
920,800
997,000
Real estate, furniture and fixtures
1,900,930
1,900,929
1,900,930
Other assets
439,686
391,396
414,908
Total
Liabilities
Capital stock paid in
Surplus and reserve fund
Undivided profits
Deposits
$14,125,112 $13,776,448 514,851,338
$2,000,000
3,500,000
277,686
8,347,426
$2,000,000
3,000,000
581,893
8,194,555
$2,000,000
3,000,000
249,585
9,601,753
Total
Trust department (additional)
514,125,112 513,776,448 514,851,338
$20,147,341 $17,909,391 $17,244,574
1911.
1910.
1909.
,
Amount of deposits receiving interest $6,848,485 $6,646,481
(?)
Rate of int. paid on dep. of $500&over
2%
2%
2%
Dividends paid in calendar year _ _ _
14%
12%
105%
Logan Trust Companyrof Philadelphia.
Resources
Dec.30 '11. Dec.31'10. Dec. 31 '09
Cash on hand
$106,155
$67,274
$76,682
Due from banks and bankers
226,464
152,341
84,915
Loans on collateral
1,166,784
863,031
1,027,557
Bonds
958,368
686,745
637,962
Mortgages
169,574
239,466
189,652
Real estate, furniture and fixtures_ _
583,350
280,856
280,229
Accrued interest, net
13,683
12,6891
12,703
Miscellaneous assets
1,013
1,724f
Total
Liabilities
Capital stock paid In
Surplus fund and undivided profits
Deposits
Certified checks
Due to banks and bankers
Ground rent
Bills payable
Dividends unpaid
Miscellaneous
$3,225,391
$2,304,126
$2,309,700
$500,000
195,039
1,842,968
652
33,098
425,000
225,000
178
3,456
$500,000
190,089
1,273,119
$500 000
170,991
1,264,444
39,891
150,000
150,000
216
811
Total
Trust department (additional)
$3.225,391 $2,304,126
$151,641
5126,153
1911.
1910,
Rate of Int. on dep. of $500 and over,.
2%
2%
Dividends paid in calendar year
4%
2%
ResourcesReal estate mortgages
Stocks and bonds
Judgment notes
Loans
Real estate and fixtures
Cash on hand
Cash on deposit
Other assets
49,694 ,
150,000
170,000
4,571
52,309,700
$94,464
1909.
2%
None
1
$1,049,416
$745,142
Dec.30'11. Dec. 31 '10. Dec. 31 '09.
$459,448
$435,816
5440,886
447,661
419,146
409,152
7,965
8,970
9,218
550,754
538,743
513,454
57,439
40,100
32,185
55,606
50,595
46,486
236,618
221,886
128,344
31,082
29,241
9,227
Total
$1,846,573
Liabilities
Capital stock
$250,000
Surplus fund
175,000
Undivided profits
19,987
General deposits payable onTdemand_
721,126
Special deposits
679,556
Other liabilities
. 904
$1,743,997
$1,588,952
$250,000
160,000
28,167
649,502
644,924
11,404
$250,000
150,000
22,063
535,653
611,143
19,193
Total
Trust department (additional)
$1,743,997
5584,362
1910.
$1,588,952
5567,407
1909.
8%
$500,000
790,000
45,500
25,000
4,687,741
Integrity Title Ins., Trust & Safe Deposit Co.(Philadelphia).
Total
$745,142
a Figures are of date Nov. 6 1911.
Dividends paid in calendar year
$500,000
Market Street Title &
725,000 •
45,500
Resources25,000 Cash
on hand
4,701,205
Due from banks and bankers
Total
$6,507,008 $6,048,241 $6,086,705 Loans on collateral
Loans on bonds and mortgages
Trust department (additional)
a$333,108
a$320,018
a$319,859
Stocks, bonds, &c
1911.
1910.
Mortgages
Dividends paid in calendar year
10%
10%
Real estate, furniture and fixtures
Miscellaneous assets
a Figures are of date Nov. 6 1911, Nov. 9 1910'andlNov.-6-1009.
$500,000
840,000
45,500
25,000
5,096,508
1910.
2%
4%
Manayunk Trust Co. (Philadelphia).
Nov. 9 1910.
Total
Liabilities
Capital stock ((till paid)
Surplus
Undivided profits (net)
Dividends
Deposits
45'7
$1,846,573
$598.465
1911.
8%
Trust Co. (Philadelphia).
Nov. 6 '11. Nov. 9 '10. Nov. 6 '09.
$61,729
$55,702
$27,934
77,669
91,712
60,699
363,123
461,473
270,740
400,975
142,495
102,065
217,338
201,362
175,539
88,000
72,900
92,500
86,219
86,268
85,217
12,961
9,758
7,478
Total
Liabilities
Capital stock paid in
Surplus fund
Undivided profits
Deposits
Other liabilities
$1,306,014
$1,121,670
$822,172
$125,000
60,000
29,871
1,085,402
5,741
$125,000
40,000
25,128
927,230
4,312
$125,000
25,000
22,560
644,918
4,694
Total
Trust department (additional)
$1,306,014
59,049
$1,121,670
51,491
$822,172
42,108
a Merchants Union Trust Co. (Philadelphia).
ResourcesCash on hand
Due from banks and bankers
Loans on collateral
Stocks, bonds, &c
Mortgages
Real estate, furniture and fixtures
Other assets
Dec 30, 11. b Nov. 9 '10.5 Nov. 6 '09.
$80,180
$129,893
*113,109
194,355
192,768
126,059
1,120,043
886,444
999,952
1,299,953
1,352,128
1.364,298
249,550
298,590
331,335
256,665
641,628
639,549
411,704
110,368
93,424
Total
Liabilities
Capital stock
Surplus fund
Undivided profits
Deposits
Other liabilities
$3,612,450
$3,611,819
$3,667,726
$1,000,000
300,000
24,813
2,230,817
56,820
$1,000,000
115,000
93,025
2,331,234
72,560
$1,000,000
115,000
110,357
2,438,141
4,228
Total
Trust department (additional)
53,612,450
$1,557,711
$3,611,819
$1,802,765
$3,667.726
$1,712,192
a Began business Jan. 12 1911 as a consolidation of the Merchants' Trust
Co. and Union Trust Co.
b Combined figures of Merchants' and Union trust companies.
[VoL. Lxxxxlv.
THE CHRONICLE
458
Mortgage Trust Co. of Pennsylvania (Philadelphia).
Resources
Cash on hand
Due from banks, &o
Call loans on collateral
Loans on bonds and mortgages
Real estate
Other assets
Total
Liabilities
Capital stock
Contingent fund
Deposits subject to cheek
Debenture bonds
Other liabilities
Total
Trust department (additional)
i Mutual Trust Co. (Philadelphia).
ResourcesCash on hand
Due from banks and bankers
Commercial and other paper owned
Loans on collateral
Stocks, bonds, &c,
Mortgages
Furniture and fixtures
Interest receivable
,•
Total
Liabilities
Capital stock paid in
Undivided profits
Deposits
Miscellaneous, money borrowed
Pennsylvania 0o. for Insurances on Lives & Granting
Annuities (Philadelphia).
Nos. 6 '11. Nov. 9 '10. Nov. 6 '09.
17,522
$10,312
$2,232
Nov. 6 '11. Nov. 9 '10. Nov. 8 '09
Resources100,912 Cash on hand
54,192
71,403
1942,333
$942,975
$933,392
139,450 'Due from banks and bankers
199,800
179,750
3,564,209
3,118,802
2,231,193
1,428,553 Loans on collaterais
919,036
589,664
11,988,938 11,647,101 10,485,295
20,868 Stocks, bonds, dcc
20,444
111,324
3,591,017
2.912,553
4,754,537
1,478 Mortgages
2,278
3,556
1,918,948
2,153,765
2,233,165
1,124,858
933,635
933,635
Real estate, furniture and fixtures
$957,929 • $1,206,062 $1,693,783 Res. fund for protection of trust bal. 4,526.444
3,887,336
3,905,217
161,520
170,972
173,683
Interest accrued
_LICIEW.M•
47,878
87,810
75,175
$500,000
$500,000 Other assets
1500,000
349,748
378,057
408,464
127,906,714 125,805,434 $25,734,233
Total
127,105
134,209
49,465
200,900
698,400
Liabilities
11,426 Capital stock
$2,000,000 12,000,000 12,000,000
3,500,000
3,500,000
Surplus fund
4,000,000
$957,929 $1,206,062 11,693,783 Undivided profits
914,214
706,760
617,545
17,500
$7,500
Deposits
21,132,703 19,248,947 19,381,304
142,273
146,169
156.466
Other liabilities
Dec. 30,11. Dec. 31 '10. Dec.31 '09.
$45,496
147,309
$31,168
108,211
110,303
109,467
157,789
166,473
174,138
485,649
506,878
412,094
189,751
172,608
186,849
271,300
225,400
129,200
1,000
8,000
8,000
3,873
3,749
3,029
11,271,882
$1,165,309
$1,127,543
1437,708
112,649
621,525
100,000
1435,247
83,286
546,776
100,000
$432,608
44,250
550,685
100,000
$1,271,882 $1,165,309 11,127,543
Total
Note.
-Rate of interest paid on deposits of $510 and over 2%, 3%
and 3 s;n.
Northern Trust Co. (Philadelphia).
Dec. 30,11. Dec. 31 '10. Dec. 31 '09.
Resources$1,400,520 $1,378,620 11,230,770
Real estate mortgages
2,864,746
2,647,106
and investment securities_ _ _ 3,194,043
Bonds
3,475,465
3,286,444
3,355,925
Loans on collateral
220,139
220,001
220,554
Real estate
655,128
841,502
660.128
Cash
16,383
11,479
11,196
Accrued interest
19,143,148
18,421,322
$8,131,679
1500,000
1,525,000
37,038
7,081,110
$500,000
1,400,000
44,348
6,476,974
$500,000
1,275,000
30,399
6,326,280
Total
*9,143,148
Trust department (additional)
18,580,121
Statistics for Calendar Year1911.
Int. credited depositors during year_
1161,372
Amt,of dividends on company's stock
60,000
Avge. amt. deposits receiving int_ _ _ 6,500,000
2 & 3%
Bate of int. paid on deposits
18,421,322
*9,288,956
1910.
$151,422
50,000
6,200,000
2&
$8,131,679
16,414,876
1909.
$151,936
50,000
6,250,000
2 & 3%
Total
LiabilitieSCapital stock
Surplus fund
Undivided profits
Deposits
North Philadelphia Trust Co. (Philadelphia).
Dec. 30,11. Dec.31 '10. Dec. 31 '09.
Resources$243,253
1433,718
1302,395
Bonds and mortgages
244,806
240,082
246,075
Stocks and bonds
554,120
514,354
619,654
Amount loaned on collaterais
176,216
133,428
172,127
Amount loaned on personal securities
74,853
68,133
83,170
Cash on hand
117,576
94,009
117,501
Cash on deposit
64,951
54,168
53,057
Other assets
$1,727,050
Total
LiabilIties*150,000
Capital stock
Gen. deposits pay'le on dem. & time.. 1,443,357
133.693
Other liabilities
$1,451,261
$150,000
1,190,802
88,653
11,727,050
114,659
1911.
Amt. of deposits receiving interest__ 11,443,357
2 & 3%
Rate of int. on deposits of 1500 & over
Dividends paid in calendar year
6%
$1,451,261
$20,614
1910.
$11,900
2 & 3%
6%
$1,429,455
118,000
1909.
(?)
2 & 3%
On
Pennsylvania Warehousing & Safe Dep. Co. (Philadelphia).
ResourcesCash on hand
Duo from banks and bankers
Accrued storage charges
Loans on collateral
Investment securities owned
Real estate, furniture and fixtures
Other assets
Nov. 6 '11. Nov. 9 '10. Nov. 8 '09.
*16,750
118,096
$20,350
71,788
104,703
255,135
48,589
55,565
51,364
470,604
513,181
504,542
494,202
533,185
406,639
745,786
742,375
774,793
109,669
30,071
29,143
Total
Liabilities
Capital stock
Undivided profits
Deposits subject to check
Bills payable
Bonds and mortgages payable
Other liabilities
b2,009,548
11,995,333
$1,991,648
1408,350
622,164
510,058
307,000
161,976
1
1426,700
622,103
305,738
470,405
170,387
$426,700
600,000
396,803
389,829
1120,000
1. 58,316
12,009,548
1911.
2%
140,835
11,995,333
1910.
2%
142,670
$1.991,648
1909.
2%
$43.030
Total
Rate of int. on deposits of $100 & over
Dividends paid in calendar year _
People's Trust Co. (Philadelphia).
ResourcesDec. 30'11. Dec.31 '10. Nov. 6 '09.
146,351
$120,883
Cash on hand
1152,435
192,190
371,632
Due from banks and bankers
411,718
517,017
Commercial & other paper purchased
607.147
512,801
372,717
475,838
Loans on collateral
471,364
383,134
Bonds, &c
418,967
356,205
274,750
153,394
Mortgages
172,400
106,996
378,037
Real estate
386,217
10,856
16,753
Furniture and fixtures
10,791
10,568
11,159
Other assets
11,362
Total
Liabilities
Capital stock
Undivided profits
Deposits
Other liabilities
*2,557,055
12,491,048
$2,004,579
$634,450
154,414
1,668,191
100,000
*634,450
122,249
1,634,349
100,000
$634,450
83,171
1,180,240
106,718
12,557,055 12,491,048 12,004,579
Total
11,698
11,706
11,528
Trust department (additional)
-Rate of int. paid on deposits of $500 and over. 2% to 3
Note.
11,429,455
$150,000
1,190,001
111,260
$27,906,714 125,805,434 125,734,233
*175,359,421 $166223,414 $152540,143
1911.
1909.
1910.
2%
2%
2%
Rate of int. on deposits of 1500 & over
20%
20% guar.
20%
Dividends paid in calendar year
Total
Trust department (additional)
Total
Trust department (additional)
Northwestern Trust Co. (Philadelphia).
Dec. 30'11. Nov. 9'l0. Nov. 6 '09
Resources1131,524
1126,613
168,048
Cash on hand
256,256
178,236
98,819
Cash on deposit
476,356
350,230
540,884
Commercial paper purchased
281,934
337,375
362,857
Loans on collateral
179,000
235,000
235,300
Loans on bonds and mortgages
407,001
375,662
377,493
Stocks, bonds, dze
253,125
246,625
275,850
Mortgages
74,000
74,488
74,000
Real estate, furniture and fixtures_
669
669
Other assets
Total
Liabilities
Capital
Surplus fund
Undivided profits
Deposits
*2,252,033
$2,059,167
11,706,814
*150,000
150,000
49,294
1,902,739
1150,000
150,000
11,790
1,747,377
$150,000
75,000
46,037
1,435,777
Total
Trust department (additional)
12,252,033
1200
12,039,167
$247
$1,706,814
$266
Pelham Trust Co. (Philadelphia).
ResourcesReal estate mortgages
Stocks and bonds
Loans on collateral
Loans on personal securities
Cash on hand
Cash on deposit
Other assets
Total
Liabilities
Capital stock
Surplus fund
Undivided profits
Ueneral deposits payable on demand
Other liabilities
Total
Rate of int. paid on dep. of $500&over
Dividends paid in calendar year
Dec.30 '11. Dec.31 '10. Dec. 31 '09.
$88,785
149,005
162,600
345,382
282,188
218,934
260,533
257,067
226,840
61,896
62,069
59,777
19,513
19,449
18,515
55,218
44,578
52,595
44,535
87,500
44,618
Philadelphia Mortgage & Trust 0.(Philadelphia).
09.
Dec. 30'11. Dec.31 '10. Dec. 31 ,
Resources1107,410
*188,800
*159,273
First mortgage on real estate
46,717
46,578
46,578
City and county warrants
21,200
1,650
Stocks and bonds
15,851
24,334
32,492
Contract sale account
7,151
9,410
7,634
Accounts receivable
858
1,603
Accrued interest
174,300
174,300
174,300
Real estate, furniture and fixtures_ 328,600
334,400
483,521
Other real estate
41,245
48,406
80,988
Cash in banks, &c
25,450
40,000
25,000
Time and call loans
Total
Liabilities
Capital stock
Company's bonds outstanding
Interest coupons due Jan. 1 and July 1
..
Due depositors
Mortgage 106 and 108 South 4th St__
Accrued interest
Contingent fund
Undivided profits
Accounts payable
*808,282
1845,994
1993,779
1250,000
288,000
6,020
19,756
80,000
$250,000
290,000
5,775
35,787
80,000
140,015
23,269
1,222
141,574
25,943
10,915
1250,000
377,600
6,174
76,000
80,000
345
166,444
25,143
12,072
1808,282
1993,778
$845,994
Total
$121,513
1121,513
$121,513
Trust department (additional)
Note.
-Rate of interest paid on deposits of 1500 and over, 2%.
Philadelphia Trust, Safe Deposit & Insurance Co. (Phila).
ResourcesCash on hand
Due from banks, &c
Loans on collateral
Stocks, bonds, &c
Mortgages
Real estate, furniture and fixtures
Other assets
Dec. 30'11. Dec. 3110. Dec. 31 '09.
1479,944
1454,302.
$528,160
1,042.933
811,862
1,505,147
6,929,538
5,806,248
6,453,705
5,132,283
6,065,111
6,725,983
18,800
60,750
54,750
588,938
600,689
633,929
35,699
22,472
Total
Liabilities
Capital stock
Surplus and undivided profits
Deposits
Dividends unpaid
115,901,674 $13,827,434 $14,228,135
1904,721
$772,997
1683,879
1150,000
60,000
14,428
670,935
358
1150,000
60,000
6,844
555,635
518
*150,000
50,000
18,692
464,683
504
1904,721
1911.
2%
4%
1772,997
1910.
2%
4%
$683,879
1909.
2%
4%
, a Figures are of dates Nov. 6 1911 and Nov. 0 1909.
11,000,000
4,417,633
10,484,023
18
*1,000,000
4,208,203
8,617,583
1,648
$1,000,000
4,030,114
9,196,783
1,238
115,901,674 *13,827,434 114,228,135
a$88,750,646 186,206,191a$68,456,687
1910,
1911.
1909
2%
2%
2%
liate of int. paid on dep. ofi$200 &over
20%
21%
20%
paid in calendar year
Dividends
Total
Trust department (additional)
THE CHRONICLE
FEB. 17 1912.,
(The) Provident Life & Trust Co. (Philadelphia).
ResourcesMortgages
Stocks and bonds
Loans on collateral
Real estate
Cash on hand, &c
Due from banks and bankers
Miscellaneous assets
Total
Liabilities
Capital stock
Surplus
Undivided profits
Deposits payable
Dividends unpaid
Tacony Trust Co. (Philadelphia).
Nov, 6 '11. Nov. 9 '10. Nov. 6 '09.
1785,633
$691,699
$764,155
5,127,527
6,254,071
4,585,548
8,656,568
7,879,930
8,480,683
19,122
12,622
18,522
665,382
625,801
530,629
721,240
1,038,169
592,353
2,615
1,000
$1,000,000
4,500,000
664,029
10,339,240
23
$1,000,000
4,500,000
595,427
8,878,543
535
;1,000,000
4,000,000
841,092
10,134,170
210
Real Estate Title Insurance & Trust Co. (Philadelphia).
Total
Liabilities
Capital stock
Surplus and reserve fund
Undivided profits
General deposits
Other liabilities
Total_
Trust department (additional)
Statistics for Calendar YearAmt. of dividends on co's stock
Amt. of deposits receiving interest
Rate of interest paid on deposits
Dec. 30 '11. Dec. 31 '10. Dec. 31 '09.
825,3404 1717,010 • 1631,148
4
1,212,302 L...1,322,578 • 1,430,190
2.604,022 ..,,2,282,429 • 2,631,741
387.382
388,991 • • 390,991
• 175,929
443,975 •_• 208,302
663,675
514,920
• 791,731
240,640
241,118
• 241,951
16,229,059
$5,952,992
$6,164,314
$1,000,000
1,000,000
205,952
3,988,076
35,031
$1,000,000
1,000,000
116,276
3,805,442
31,274
$1,000,000
975,000
40,708
4,114,333
34,273
$6,229,059 $5,952,992 16,164,314
$11,995,742 $11,648,885 *10,325,925
1911.
1910.
1909.
1100,000
190,000
180,000
13,677,619 13,505,814 13,590,555
% & 3% 2, 2M& 3% 2, 2 yi& 3%
Real Estate Trust Co. (Philadelphia).
ResourcesLawful reserve bonds
Cash on hand
Due from banks and bankers
Call loans on collateral
Time loans on collateral
Loans on bonds and mortgages
Commercial paper
Stocks, bonds, &c
Real estate, furniture & fixtures
Otkerlassets
Nov. 6 '11. Nov. 9 '10. Nov. 6 '09.
$225,000
$225,000
1225,000
206,993
215,875
246,840
702,875
429,796
301,090
2,701,152
2,921,732
3,630,599
385,219
462,460
487,943
801,842
111,000
133,500
5,000
5,000
1,212,538
1,599,121
1,525,305
3.138.169
3,031,258
2,837.122
68,852
97,264
115,890
19,442,640 $9,102,506
Total
Liabilities
Capital stock paid in
*1,320,6001 $4,281,300
Capital stock, preferred (full paid)._ $2,726,400f
Contingent fund
78,605
78,755
Undivided profits
291,516
263,734
Deposits
5,025,519
4,478,717
Other liabilities
Total
Trust department (additional)
19,508,349
19,442,640 $9,102,506 19,508,349
$25,458,538 125,919,440 125,310,649
;1,608,635 ;1,338,865_01,293,364
Total_
Liabilities
1300,000
*200,000
Capital stock paid in
[1200,000
100,000
. 70,000
Surplus fund
70,000
23,898
15,426
Undivided profits
9,295
Payments made on sub. to 1100,000
now capital
16,148
Deposits
1,036,338
890,291
769,068
Bills payable
100,000
Ground rent
145,000
145.000
145,000
Dividend
3,000
2,000
Accrued interest
399
11,608,635
/35,906
Dividends paid in calendar year
41,338,865
$3,944
1911.
4%
Total
Liabilities
Capital stock
Surplus and reserve fund
Undivided profits
Deposits
Other liabilities
*1,293,364
a$3,107
1910.
3%
a Figures are of date Nov. 6 1909.
Total
Liabilities
Capital
Surplus
Deposits
Certified checks
Dividends unpaid
$816,587
$250,000
53,263
512,170
1,087
67
$250,000
61,673
368,888
58
6
$250,000
62,829
409,180
Total
Trust department (additional)
1816,587
a$10,244
1680,625
$18,472
$722,022
$313
$891,428
$150,000
150,000
10,809
770,616
20
$150,000
100,009
43,913
597.492
23
$891,428
$1,940,085
1909.
Rate of interest on deposits of $200
and over
Dividends paid in calendar year
2%
11%
2%
3%
2%
8%
a Figures are of date Nov. 9 1910.
(The) Trust Company of North America (Philadelphia).
ResourcesJan. 31 '12. Jan. 31 '11. Jan. 31 '10.
Cash on hand
$132,964
$127,959
*111,112
Due from banks, &c
589,478
674,568
394,770
Loans on collateral
1,907,606
2,043,746
2,230,223
Stocks, bonds, &c
1,331,811
1,018,674
1,106,052
Real estate, furniture and fixtures_ _ _
379,047
363,198
363,353
Other assets
21,523
27,065
28,933
Total
Liabilities
Capital stock
Surplus and undivided profits
Deposits
Dividends
$4,353,990
14,249,821
$4,248.269
*1,000,000
384,477
2,955,172
10,341
*1,000,000
388,803
2,851,018
10,000
$1,000,000
379,018
2,858,931
10,320
Total
Trust department (additional)
$4,349,990
16,138,387
$4,249,821
$6,041.868
1911.
2 to 3%
4%
24,248.269
$5,390,948
1910.
2 to 3,w
,
.4%
Rate of interest on deposits of 1500 and over
Dividends paid in calendar year
United Security Life Insurance & Trust Co. (Philadelphia).
ResourcesReal estate mortgages
Stocks and bonds
Loans on collateral
Real estate
Cash on hand and deposit
Other assets
Dec. 30 '11. Dec. 31 '10. Dec. 31 '09.
*1,813,904 $1,728,001 $1,806,684
175,805
214,478
217,032
922,406
654,570
831,701
374,177
345,797
321,515
224,973
162,280
163,639
2,507
3,763
5,377
$3,513,772 $3,108,889
Total
Liabilities
$/,000,000 ;1,000,000
Capital stock
Surplus fund
750,000
700.000
Undivided profits
150,046
149,642
General deposits, payable on demand 1,453,726
1.104,747
Other liabilities
160,000
154,500
Total
13,513,772
Trust department (additional)
*1,036,726
Statistics for Calendar Year1911.
Interest credited depositors dur'g year
130,840
Amt. of dividends on co's stock
70,000
Amt. of deposits receiving interest... 1,453,726
Rate of interest paid on deposits
2 and 3%
$3,345,948
$1,000,000
700.000
123.606
1,325,842
196,500
$3,108,889
$962,223
1910.
$24,282
70.000
1,104,747
13,345,948
$1,040,774
1909.
$31,818
60,000
1,325,842
Dec. 12 '11. Dec. 31 '10. Dec. 31 '09.
Resources$95,225
J117,368
Cash on hand
1.
$12,486
5
Due from reserve agents
48,734
48,274
238,778
Commercial and other paper owned
5117,928
120,400
Loans on collateral
1124,695
235,820
5
Stocks, bonds, &c
304,205
125,940
109,798
Real estate, furniture and fixtures.....
66.209
47.808
48,427
Miscellaneous
10,190
158,372
4,885
Total
Liabilities
Capital stock paid in
Surplus fund
Undivided profits
Deposits
Total
Rate of int. paid on dep. of 1500&over
Dividends paid in calendar year
1714,607
1640,845
$578,070
$160,000
60,000
5,354
489,253
1160,000
50,000
18,101
412,744
*160,000
40,000
17,912
360,158
$714,607
1640,845
$578,070
1911.
1910.
1909.
2% check; 3 Wt,,,
4%
2%
2%
West End Trust Co. (Philadelphia).
Dec.30 '11. Dec. 31 '10. Dec. 31 '09.
Resources1705,105
$600,935
Cash on hand and due from banks.. _
/509.862
Loans on coll, and on bonds & mtges_ 3,204,294
2,811,747
3,040,229
Investments, stocks and bonds
1.611,985
1,715,651
1,878,644
Mortgages
361,650
180,000
247,700
Real estate, furniture and fixtures__ _
846,148
846,148
846,148
Accrued interest, &c
74,063
65,533
74,148
Total
Liabilities
Capital stock
Surplus
Undivided profits
Deposits
Total
Trust department (additional)
$6,803,245
*6,228,629
$6,588,116
11,000,000
1,050,000
92,004
4,661,241
/1,000,000
1,050,000
43,606
4,135,023
11,000,000
1,050,000
16,921
4,521,195
16,803,245
*3,704,492
1911.
8%
$6,228,629
$2,965,684
1910.
36,588,116
12,484.817
1909.
8%
(The) West Philadelphia Title & Trust Co. (Philadelphia).
Jan. 13 '12. Nov. 9 '10. Nov. 6 '09.
133,813
$22,509
$24,964
46,498
66,617
54,627
325,396
256,794
377,717
397,267
322,229
258,836
13,613
8,375
3,000
4,101
2,878
a Figures are of date Nov. 6 1911.
$1,081.445
$1,270,293 $1,081,445
$2,151,336 a$2,203.056
1910.
1911.
Total
Trust department (additional)
Dividends paid in calendar year
(The) Rittenhouse Trust Co. (Philadelphia).
1680,625
$1,270,293
. 1150,000
171.110
2,478
946,705
Wayne Junction Trust Co. (Philadelphia).
286,796
4,717,773
70,180
Republic Trust Co. (Philadelphia).
ResourcesCash on hand
Due by banks
Collateral loans
Investments
Furniture and fixtures
Accrued interest
Dec. 30 '11. Dec. 31 '10. Dec. 31 '09.
1221,475
$168,550
1285,615
402.565
427,485
401,969
345,208
158,240
260,615
43,404
46,758
49,686
39,000
41,000
41,000
40,399
38,892
33,008
75,612
34,724
59,369
13,570
8,439
6,583
14,433,600
ResourcesDec. 30 '11. Dec. 31 '10. Dec. 30 '09.
Cash and reserve bonds
1141,077
$180,601
1135,023
Real estate, safe dep. vaults, furniture and fixtures
211,325
211,459
211,459
Loans on collateral
1,015,219
747,191
712,951
Commercial paper
6,247
14,189
48,494
Bonds and mortgages
225,327
178,798
175,788
Arcrued interest
9,440
6,627
9,649
Total
Trust department (additional)
ResourcesReal estate mortgages
Stocks and bonds
Loans on collateral
Loans on personal securities
Real estate
Cash on hand
Cash on deposit
Other assets
$16,503,292 $14,974,505 $15,975,472
Total
$16.503,292 119,974,505 $15,975,472
Insurance department (additional) _$70,593,572 $67,973,943 $64,523,905
Trust department (additional)!minding corporate trusts
$55,185,769 187,473,590 ;83,794,070
1909.
1910.
Statistics for Fiscal Year end. Nov.30- 1911.
1216,024
$203,711
Int. credited depositors durinf year.. $230,768
28%
30%
Amt. of dividends on company s stock
32%
All
All
All
Amt. of deposits receiving interest__
2%
2%
Rate of interest on deposits (generally)
2%
Resources
Real estate mortgages
Stocks and bonds
Loans on collateral
Real estate
Cash on hand
Cash on deposit
Other assets
459
$722,022
13
ResourcesReal estate mortgages
Stocks and bonds
Loans on collateral
Real estate
Cash on hand and on deposit
Other assets
Total
Liabilities
Capital stock paid in
Surplus
Undivided profits
General deposits
Other liabilities
Dec. 30 '11. Dec. 31 '10. Dec. 31 '09
$740,650
$796,054 .1815,078,
622,802
459,177
539A55
1,809,264
1,830,556
1,612,379
92,714
92,714
92,714
499,263
443,942
486,309
34,258
31,667
33,494
33,798,951
13,654,110
$3,579,429
1500,000
450,000
28,376
2,820.575
*500,000
400,000
46,065
2,705,263
2,782
$500.000
375,000
27,593
2,676,836
$3,798,951
*1,314,488
1911.
Rate of int. on dep. of 1500 & over _
2 to 3%
Dividends paid in calendar year
8%
$3,654,110
$1,273,763
1910.
$3,579,429
*1,101,800
1909.
Total
Trust department (additional)
8%
-8 -.
460
TI1E CHRONICLE
Libooav.
ST. LOUIS COMPANIES.
American Trust Co. (St. Louis).
Easton-Taylor Trust Co. (St. Louis).*
$3,226,300
;2,427,520
Resources
Loans on collateral
Loans on real estate
Other securities
Due from banks and trust companies
Cash on hand, &o
Furniture and fixtures
Safe deposit vaults
Ca4dtal
$1,000,000 ;1,000,000
Surplus and undivided profits
144,502
68,641
Deposits sub. to check (not preferred) 1,779,784
1,584,321
Certificates of deposit (not preferred)
307,498
143,824
Due trust companies
265,976
Due banks and bankers
6,022
174,203
Other liabilities, say. dep. & tr. funds
257.567
584,973
$1,000,006
6,139
1,207,778
26,465
140,995
23,284
23,859
Total ...
•
LiabilitiesCapital stock paid in
Undivided profits
Deposits subject to draft
Time certificates of deposit
Savings deposits
Dec. 30 '11. Dec. 31 '10.Dec. 31 .09.•
Resources$873,553
Bonds and mortgages
$619,969
$688,795
2,477,790
Loans on collateral
1,839,277
752,227
498,929
Due from tr. cos., bks., bkrs.& brokers
688,117
948,422
217,517
Legal
68,572
-tender notes & notes of nat. bks.
37,758
22,968
Other resources, collections in transit
10,421
2,318
429,194.4
$4,088,755
Liabilities
Total
$4,088,755 $3,226,356 $2,427,520
-Rate of interest paid on deposits of $500 and over, 2 to 4%.
Note.
Dec. 5 '11. Dec. 31 '10. Dec. 31 '09.
Resources
•
• .
Loans on collateral, commercial paper
$490,825
$582,061
$629,926
and investment securities
65,912
105,920
90,760
Bonds and stocks
164,218
96,290
96,980
Due from trust companies and banks
33,633
19.283
18,501
Cash on hand
11,607
8,300
12,690
Other assets
Total
$925,847
;790,193 •L $709.066
;100,000
30,000
17,544
768,188
4,917
*100,000 • $100,000
30,000 • • 30,000
10,110
.
5,799
646,083
. 556,344
4,000
• 16,923
$920,647
Total
Liabilities
Capital stook
Surplus
Undivided profits
Deposits
Other liabilities
$790,193 •
$709,066
;202,827
*100,000
I 875
87,656
3,663
10,633
8202,827
Total
• 'Began business July 8 1911.
*Began business Nov. 11 1909, having taken over the business of the
Lincoln Titie & TrMt CO.
Broadway Savings Trust Co. (St. Louis).
Dec. 5'11.0
$86,171
22,200
137,500
[36,770
12,412
0 8,554
E 1,220
Farmers' 85 Merchants' Trust Co. (St. Louis).
ResourcesLoans on collateral
Loans on real estate
Commercial paper
Bonds and stocks
Furniture and fixtures
Cash on hand
Due from banks and trust oos
Tax bills
Other resources
Dec. 30 '11. Dec. 31 '10. Nov. 161'09.
$283,4891
I $187,823
$562,276
171,230
301,325
44,420
55,9291
1
525
66,750
2,107
1,146
1,146
J 11,471
68,854
19.0691
140,440
58.032J
16,991
3,648
Total
$806,379
$632,276
$458,025
$100,000
25,000
16,706
664,673
$100,000
25,000
6,532
500,744
$100,000
5,000
7,420
345,596
$806,379
Total
Liabilities
Capital stock
Surplus
Undivided profits
Deposits
$632,276
$458,025
Jefferson-Gravois Trust Co. (St. Louis).
Ohouteau Trust Co. (St. Louis).*
Dec. 5 '11. Dec. 31 '10. Dec. 31 '09.
ResourcesIDec. 30 1911.• Loans and discounts
$288,728.
Resources$337,484
$419,947
$92,930 • Bonds and stooks
55,867
47,921
Loans undoubtedly good on collateral security
60,956
52,441 Furniture, fixtures & safe dep. vaults
2,271
1,800
Loans undoubtedly good on real estate security
9,100
19,5441,1661
Other negotiable and non-negotiable paper and investment se20,994
Cash, exchange and miscellaneous_ _ _
91,335 Due from banks
54,511
5
97,268
curities at present value
8 500 Overdrafts
Furniture and fixtures
173
346
28,507
Due from other trust cos, and banks, good on sight draft
4,927
Checks and other cash items
3401.375
$458.068
$608,611
Total
12,277
Cash on hand (currency, gold, silver and other coin)
Liabilities$288,917 Cnpltal
$100,000.
$100,000
$100,000
• Total
3,077
7,693
15,712
Surplus and profits
Liabilities
298,298
350,375
492,899
Deposits
*100,000
Capital stock paid in
5,000
$401,375.
$458,008
Surplus
4608,611
Total
1,703
Undivided profits, less current expenses and taxes paid
Deposits subject to draft at sight by Individuals and others,
Mercantile Trust Co. (St. Louis).
155,025
including demand certificates of deposit
2,785
Time certificates of deposit
Dec. 5 '11. Jan. 7 '11. Jan. 31 '10.
Resources24,404
Sayings deposits
$12,565,186 ;11,816,190 $13,158,535
Time loans
4,431,775
5,092,728
5,493,587
loans
$288,917 Demand
Total
7,830,601
3,264,446
6,903,575
Bonds and stocks
880,000
880,000
880.000
Real estate
• *Incorporated March 24 1911; began business May 1 1911.
250,000
250,000
350,000
Safe deposit vault
5,532,855
5,842.816
5.753.791
Cash and sight exchange
3,239
Other resources
City Trust Co. (St. Louis).*
Dec.30'11*
Resources*53,870
Loans on collateral security
38,417
Loans on real estate security
.
•
Other negotiable and non-negotiable paper and investment
66,338
securities at present value
8,943
Furniture and fixtures
16.905
Due from other trust cos. & banks, good on sight draft
8,391
Checks and other cash items
19,207
Cash on hand (currency, gold and silver and other coin)
• Total
Liabilities
Capital stook paid in
Undivided profits, less current expenses and taxes paid
Deposits subject to draft at sight by individuals and others,
including demand certificates of deposit
Time certificates of deposit
Savings deposits
*212,069
95,311
16,230
49,013
'Began business Jan. 18 1911,
Commercial Trust Co. (St. Louis).
ResourcesLoans on collateral
Commercial and other paper
Real estate (office building)
Furniture and fixtures
Due from banks
Cash on hand
Other resources
Overdrafts
Total
Liabilities
Capital stock paid in
Surplus and undivided profits
Deposits
Other liabilities
Dec. 30 '11. Dec. 31 '10. Nov. 16 '09.
$136,287
$98,434
$91,111
86,848
119,297
119,249
21,000
21,000
21,000
5,735
5,735
5,735
51,323
48,293
30,184
11,170
12,260
21,119
3,386
13,812
14,189
436
157
291
$320,987
$298,879
$316,185
$102,400
4,294
214,293
*103,400
5,135
191,344
$102,400
5,097
208,402
288
*298,879
$320,987
$316,185
Total
-Rate of interest paid on deposits of *500 and over, 2%.
Note.
Commonwealth Trust Co. (St. Louis).
Resources
Loans
Bonds and stocks
Real estate and leaseholds
Cash In vaults and depositories
• Total
Capital stock
Surplus and undivided profits
Deposits
0!her liabilities
Total_
11. Jan. 31 '10.
Dec.5'11. Jan.7,
*3,522,230 $3,806,263 $3,322,577
848,546
1,398,413
1,289,232
278,752
278,206
307,352
1,557,785
1,561,450
608,237
$8,780,299
$8,489,328
$5,527,398
*2,000,000
135,186
4,808,391
18,722
$2,000,000
161,682
4,316,394
11,250
$2,000,000
548,886
2,968,012
10,500
$8,760,299
$6,489,826
;5,527,398
$31,846,139 $32,149,419 $32,089,771
$3,000,000
6,652,122
21,610,017
584,000
$3,000,000
6,845,816
22,502.238
1,367
*3,000,000.
6,830,303.
22.459,488
$31,846,139 $32,149,419 $32,089,771
1910.
1911.
on deposits of *500 and over_ -_--2. 3 do 3%
Rate of interest
18%
18%(1 Amthly)
Dividends paid in calendar year
Total
*50,000
1,515
$212,089
Total
Total
Liabilities
Capital stock paid In.
and undivided profits
Surplus
Deposits
Other liabilities
Mississippi Valley Trust Co. (St. Louis).
,KrResources- 6.1. • . •
Stocks and bonds
Real estate mortgages
Loans on collateral
Loans on personal security
Real estate
Safe deposit vaults
Cash on hand
Cash on deposit
Other resources
Dec. 5 '11. Jan. 7 '11. .1an. 31 '10.
$8,458,655 $8,417,379 ;7,968,163
2,082,516
1,340,341
9,094,952 15,351,110
8,083,524
802,107
1,877,854
1,788
52,896
36,155
72,000
72,000
72,000
1,663,818
2,203,889
1,686,370
4,332,149
2,931,171
3,104,913
14,146
54,884
42,656
$25,044,255 $25,125,208 $28,807,855
Total
Capital stock
Surplus fund
Undivided profits
Deposits (savings)
Deposits (time)
Deposits (demand)
Foreign acceptances
Reserve for interest andltaxes
Other liabilities
$3,000,000
3,500,000
3.143,200
4,853.804
2,371,337
9,780,365
2,902
13,857
$3,000,000
3,500.000
2,134,728
4,567,100
2,316,794
9,674,882
2,894
18,000
20,828
$3,000,000
3,500,000
2,041,479
4,211,149
3,442,063
12,578,789
31,000
5,374
$25,844,255 $25,125,206 $28,807,855
Total
North St. Louis Savings'Trust Co.(St. Louis).
Dec. 30 '11. Dec. 31 '10. Dec 31 '00.
Resources
$8,800
$42,510
$95,900
Real estate mortgages
15,375
41,513
65,907
Stock & bonds investm'ts(market val)
93,868
183,482
235,352
Loans on collateral
90,189
164,528
186,702
purchased_ _ _ _
Other loans, incl. bills
Due from trust companies, banks,
55,333
25,877
56.990
bankers and brokers
8,393
1,959
5,794
Real estate, furniture and fixtures
2.067
1,047
3,148
Specie
22,110
5,956
8,540
notes & notes nat. banks
Legal-tender
4,107
652
5,614
Other resources
$502,023
3243.523
;603,947
Total
LiatrIlittes$100,000
$100,000
$100,000
Capital
14,198
17,365
10,253
Surp. & undiv. profits (market val.)261,058
308,393
111.411
to check (not pref.)Deposits subject
230,801
21,685
122,480
Certifs. of dep.(not pref.) & say. dep
194
4.287
7,488
Other liabilities
Total
$663,947
$502.023
$243.523
Vandeventer Trust Co. (St. Louis).
St. Louis Union Trust Co. (St. Louis).
Resources-
Time loans
Demand loans
Stooks and bonds
Real estate and office building
Cash on hand
Cash on deposit
Safe deposit vault
Dec. 30 '11. Jan. 7'!!. Jan. 31 '10.
$10,084,349 310,911,6051;21,327,257
8,386,6751
13,591,590
6,236,719
6,673,545
7,013,909
501,342
447,244
453,058
7,900,406
1,737,9121 9,839,155
6,033,8521
100,000
100,000
100,000
.10
Dec. 5 '11. Nov. '10. Nov. 16'09.
Resources$226,336
$253,472
$250,892
Loans on collateral
14,180
15,226
15,264
Bonds, stocks and real estate
8,604
9,095
9,135
Furniture, fixtures & safe dep. vaults
59,473
69,782
65,085
Due from banks and trust.companies_
18,532
17,355
16,718
Cash on hand
500
500
410
Other resources
;39,014,670 $36,358,224 $36,065,724
Total
Liabilities
Capital stock
Surplus fund
Undivided profits
Dividends unpaid
Deposits
Reserves
$5,000,000
5,000,000
1,837,688
200,000
26,848,982
128,000
$5,000,000
5,000,000
1,871,886
6,436
24,353,402
126,500
$5,000,000
5,000,000
1,610,195
200,000
24,205,529
50,000
Savings Trust Co. (St. Louis).
Dec, 30 '11. Dec. 31 '10. Dec. 31 '09.
Resources
$244,000
$290,000
359,000
Loans on collateral
Due from trust companies, banks,
48,000
61,000
69,700
brokers
bankers and
7,800
9,100
9,100
Real estate, furniture and fixtures
• 8,000
11,800
27,600
Legal-tender notes & notes of nat. bks
$307,800
$371,900
$465,400
Total
Liabilities
$100.000
$100,000
$100,000
Capital
Surplus and undivided profits on mar11,800
13,000
15,500
bonds
ket value of stocks and
196,000
258,900
349,900
Deposits
$307,800
;371.000
$465,400
Total
1910.
1911.
All
All
Amount of deposits receiving interest
2% &3
Rate of interest paid on deposits of $500 and over:.2%.& 3 3i%
.
• • 2)%
Dividends paid in calendar year
$357,504
;365,430
$327,625
$50,000
6,758
294,801
5,947
Total ___.
LiabUUIesCapital stock (50% paid in)
Undivided profits
Deposits
Other liabilities
$50,000
5,133
309,733
564
$50,000
1,497
273,178
2,950
3327,625
$365,430
$357,504
Total
Note.
-Rate of interest paid on deposits of $100 and over,2% and 3 M%.
West St. Louis Trust Co. (St. Louis).
$39,014,670 $36,358,224 $36,065,724
Total
461
THE CHRONICLE
FEB. 17 1912.1
ResourcesReal estate mortgages
Loans on collateral
Cash on hand
Cash on deposit
Other assets
Dec. 30 '11. Dec. 31 '10. Dec. 31 '09.
$111,353
$121,243
$147,868
,
270,029
302,121
333,960
16,034
18.530
18,857
51,351
53,714
50,659
8,857
10,053
9,838
$457,622
Total
$561,182
$505,661
$100,000
21,812
174,850
252,017
12,503
$100,000
$100,000
12,403
17,920
129,684 • 103,510
• 239,632
254,169
3,888 rT, 2,077
$561,182
Total
Liabilities
Capital stock
Undivided profits
Savings and time deposits
General deposits payable on demand_
Other liabilities
;457,622
$505,661
1910.
1911.
2%,33i &42% &3%
4%
4%
Rate of interest paid on deposits
Dividends paid in calendar year
BOSTON COMPANIES.
Dec 30 '11. Dec. 31 '10. Dec. 31 '09
$059,269 $1,115,468 $1,176,821
7,395,075
12,001,813 10,819,120
3,669,168
3,394,518
2,661,585
3,958,921
4,102,330
5,304,356
$20,927,023 $19,431,436 $16,109,985
Total
Liabilities
$1,000,000 $1,000,000 $1,000,000
Capital stock
1,500,000
1,500,000
1,500,000
Surplus fund
454,678
510,642
595,664
Undivided profits
demand_ 17,831,359 16,420,794 13,245,307
General deposits payable on
;20,927,023 $19,431,436 $16,199,985
1910.
1011.
2%
2%
8%
12%
Total
Rate of interest paid on deposits of $500 and over..
Dividends paid in calendar year
Bay State Trust Co. (Boston).
Jan. 5 '12. Jan. 9 '11. Jan. 10,10.
Resources$4,486,989 $4,411,804 $4,021,980
Time loans
1,062,948
1,060,929
Demand loans
226,677
226,677
87,207
Massachusetts bonds
697,903
616,343
765,253
Other bonds and stocks
250,000
250.000
250,000
Real estate (bkg. house, furn. & flat.)
1,420,528
1,378,824
1,843,666
Cash in office and banks
$8,494,044
$7,957,037
$500,000
500,000
120,570
6,836,467
$500,000
500,000
54,372
6,631,664
$8.494,044 $7,957,037
Total
-Rate of interest on deposits of $500 and over, 2%.
Note.
$7,688,036
Beacon Trust Co. (Boston).
ResourcesTime loans
Demand loans
Other investments
Cash in office and banks
Dec. 30 '11. Dec. 31 '10. Dec. 315'09.
$5,204,809 $3,934,624 $4,526,695
2,184,396
2,853,143
2,497,133
266,852
427,066
277,100
1,963,703
1,721,925
1,686,540
$8,936,758
$8,941,646
$600,000
400,000
157,716
8,507,866
$600,000
400,000
98,560
7,838,198
$600,000
400,000
46,477
7,895,169
$0,665,582
$8,936,758
1911.
;6,000,000
2%
$48,000
$8,941,646
1910.
$6,000,000
2%
$48,000
$9,665,582
Total
Liabilities
Capital stock
Surplus
Earnings undivided
Deposits
Total
Amount of deposits receiving interest
Rate of interest paid on deposits of $300 and over
Dividends paid in calendar year
1
Boston Safe Deposit & Trust Co. (Boston).
Dec. 30 '11. Dec. 31 '10. Dec. 31'09.
Resources$536,250
$536,250
$515,500
Massachusetts bonds (market value) _
98,000
City bonds (market value)
653,235
686,235
543,500
Railroad bonds (market value)
35,000
35,000
193,030
Other bonds and stocks
11.604,129 10,522,574 11,018,008
Loans
1,077,275
1,011,260
1,101,873
Cash In office
2,337,408
1,538,787
1,754,718
Cash in banks
36,294
33,249
37,102
Overdrafts and accrued interest
21,969
16,166
10,091
Real estate by foreclosure
1,996,888
2,373,907
2,259,935
Real estate
17,862
25,530
29,970
Stock 13.5. D. & T. Co. held for distr.
Total
LiabilitiesCapital stock
Surplus fund
Profit and loss
Deposits
Reserved for taxes
$18,049,848 316,778,958 *17,828,189
Total
Trust department (additional)
$18,049,848 $16,778,958 $17,828,180
;15,337,825 314,492,525 $13,738,420
31,000.000 ;1,000.000
2,000,000
2,000,000
876,185
799,119
14.249,229 12,900,773
2,000
1,500
*1,000,000
2,000,000
843,423
13,982,766
2,000
Columbia Trust Co. (Boston).
ResourcesState, city and railroad bonds
Loans
Real estate
Safe deposit vaults
Cash in office
Cash in banks
Total
Dec. 30 '11. Dec. 31 '10. Dec. 31 '09.
$74,500
$74,500
$79,000
384,031
460,678
403,365
1,450
250
250
6,000
4,000
5,000
60,411
51,858
56,128
111,716
05,353
79,444
$675,230
$634,596
$638,108
Dec. 30 '11. Dec. 31 '10. Dec. 31 '09.
*100,000
$100,000
3100,000
29,548
28.513
31,774
509,595
505,048
543,456
LiabilitiesCapital stock
Surplus and profits
Deposits
$675,230
Total
Rate of interest paid on deposits of $500 and over..
Dividends paid in calendar year
$634,596
1911.
2%
5%
$638,108
1910.
2%
5%
Commonwealth Trust Co. (Boston).
ResourcesBonds and mortgages
Demand and time loans
Real estate
Cash on hand
Cash on deposit
Dec. 30 '11. Dec. 31 '10. Dec. 31 '09.
$473,587
906,692
$1,347,757
8,980,908
8,717,961
10,252,641
450,397
419,294
412,293
1,103.779
1,360,248
1,306,112
1,879,731
1,893,488
1,714,919
Total
LiabilitiesCapital
Surplus and undivided profits
Deposits
$15,087,858 $13,041,214 $13,090,735
.
000
$1,000,000 *1,000,000 $1,000,
749.209
764,630
793,651
13,294,207 11,276,584 11,341,526.
315,087,858 $13,041,214 $13,090,735
1910.
1911.
2%
2%
6%
7 34%
Total
Rate of interest on deposits of $500 and over
Dividends paid in calendar year
$7,686,030
$500,000
500000
116,152
7,377,892
Total
Liabilities
Capital stock
Surplus fund
Earnings undivided
Deposits
.
-Concluded.
Columbia Trust (Jo. (Boston)
..
•
American Trust-Co. (Boston).3 ' :•.
Resources- • . . •
Railroad and other bonds
Time loans on collateral
Demand loans on collateral
Cash on hand In banks
Dorchester TrustWo. (Boston).
Dec. 30 '11. Dec. 31 '10. Dec. 31 '09.
Resources$238.000
$392,557
$520,300
Bonds and mortgages
24.000
71,601
220,000
(market value)
Stocks and bonds
322,000
425,280
352,000
Loans on collateral
565.000
575,604
527,000
Other loans, incl. bills purchased..
Due from trust companies, banks,
279,623
220,000
328,600
bankers and brokers
7,000
5,000
3,000
Furniture and fixtures
8,500
18,000
17,200
Specie
82.000
89,021
70,000
Legal-tender notes & notes of nat. bks.
8,500
8,980
8,980
Safe deposit vaults
$2,055,480 ;1,865,666
Total resources
Liabilities
$200,000
$200,000
Capital
Surplus and undivided profits on mar'43.597
54,480
ket value of stocks and bonds
1,578,152
Deposits sub. to check (not preferred) 1,778,000
43.917
23,000
(not preferred)
Certificates of deposit
$1,475,000
$1,865,666
$1,475,000
$2,055,480
Total liabilities
Undivided profits on book value of
$54,480
stocks and bond
$200,000
32,800
1,168,200
74,000
f ;32,800
$43,597
1910.
1911.
Rate of interest paid on deposits of $300 and over.. -2% and 4%
6%
Dividends paid in calendar year
'
',7V11'' •' ' Exchange Trust Co. (Boston).
I
Dec. 30 '11. Dec. 31 '10. Dec. 31 '09.
Resources$82,831
*150,047
3219,891
Stocks and bonds
270,690
331,389
383,295
Cash in offices and banks
35,183
Safe deposit vaults, furniture & Sat_
240,440
195,165
347,910
Demand loans
532,283
807.347
550,321
Time loans
230,650
377.833
232,465
Loans on real estate
$2,171,459
$1,459,387
*1,356,894
3250.000
50,000
2,670
1,868,780
Total
Liabilities
Capital
Surplus
Profit and loss
Deposits
$250,000
40,000
7,200
1,162,187
3250,000
25.000
2,500
1.079,394
$2,171,459 $1,459,387 31,356,894
Total
-Rate of interest paid on deposits of $300 and over, 2%.
Note.
Federal Trust Co. (Boston).
ResourcesState of Massachusetts bonds
Other bonds and stocks
Loans
Cash on hand and in banks
Miscellaneous
Total
Liabilities
Capital stock
Surplus and undivided profits
Deposits
Dividends unpaid
Total
Dec. 30 '11. Dec. 31 '10. Dec. 31 '09.
$178,000
$178,000
*178,000
526,908
924,162
525.501
5,751,725
5,346,498
4.807.812
1,111,644
1,708,799
1.204,158
4,349
55,265
3,507
$8,566,193
;7,216,908
$6,811.227
$1,000,000
$50,823
7,214,742
628
$1,000,000
393.359
5,823,074
475
$1,000,000
378,366
5,432,311
550
C 18.566.193
37,216.908
1911.
2% ..
6%
36.811.227
1910.
Rate of Interest on deposits of $500 and over
Dividends paid in calendar year
IR-
462
THE CHRONICLE
International Trust Co. (Boston).
ResourcesStocks and bonds
Time loans
Demand loans
Banking house
Cash on hand and in banks
Other assets
Dec. 5 '11. Dec. 31 '10. Dec. 31 ,
09.
$6,780,575 $9,621,809 $9,193,092
7,483,353 {5,188,736
5,435,177
1.530,346
1,279,792
1,494,158
1,462,158
1,462,158
2,113,337
2,386,198
2,892,536
50,000
71,061
138,357
Total
Liabilities
Capital stock
Surplus fund
Undivided profits
Deposits
[VoL. Lxxxxxv.
Paul Revere Trust Co. (Boston)
-Concluded.
$17,921,423 $20,260,308 $20,401,112
;1,000,000
4,000,000
432,902
12,488,521
$1,000,000
4,000,000
315,607
14,944,701
$1,000,000
4,000,000
187,174
15,213,938
Total
Trust department (additional)
$17,921,423 $20,260,308 $20,401,112
$2,740,322 (included In total figures)
1911.
1910.
Bate of interest on deposits of $500 and over ._ 2%
2%
Dividends paid in calendar year
16%
16%
Liberty Trust Co. (Boston).
ResourcesState of Massachusetts bonds
Other investments
Loans on real estate
Demand loans
Time loans
Banking rooms
Cash on hand and In banks
Dec. 5 '11.
$39,653
155,121
346,913
265,430
1,850,834
6,000
543.573
Total
$3,207,524
Liabilities
Capital stock
$200,000
Surplus fund
125,000
Undivided profits (less expenses) _ _ _ _
33.476
Deposits
2,848,991
Dividends unpaid
57
Total
$3,207,524
Jan.? '11. Dec. 31 '09.
$34,947
$34,947
81,294
93,788
178,664
243,686
328,116
249,761
1,728,393
1,405,955
6,500
7,500
508.044
459,213
$2,865,958
$2,494,850
$200,000
100,000
22,650
2,543,302
$200,000
50,000
25,921
2,218,929
$2,865,958
Total
Liabilities
Capital stook
Surplus fund
Undivided profits
Deposits
Deo. 30 '11. Dec. 31 '10.'Dec. 31.
09.
$61,500
$1,000
$7,500
178,651
255,200
307,050
1,006,909
751,263
350,903
10,209
10,209
10,209
9,594
8,533
11,530
294,730
180,082
185,557
$1,561,593
;1,206,287
$872,749
$200,000
100,000
27,519
1,234,074
$200,000
100.000
14,556
891,731
$200,000
100,000
10,461
562,287
Total
$1,561,593 $1,206,287
$872,749
Note.
-Rate of interest paid on deposits of $500 and over, 2%.
• Began business Oot.18 1909.
Mattapan Deposit & Trust Co. (Boston).
ResourcesReal estate mortgages
State of Massachusetts bonds
Loans on collateral
Loans on personal securities
Cash on hand
Cash on deposit
Other assets
Dec. 30 '11. Dec. 31 '10. Dec. 31 '09.
$26,905
$27,155
$32,305
50,000
50,000
50,000
950,402
921,777
962,792
236,767
266,636
204,601
152.045
132,675
118,920
207,514
205,416
169.004
26,086
13,017
17,000
Total
$1,649,719
Liabilities
Capital stook
;100,000
Surplus fund
100,000
Undivided profits
17,409
General deposits payable on demand_ 1,430,810
Other liabilities
1,500
Total
$1,649,719
$1,616,676
*1,554,622
$100,000
100,000
13,692
1,398,484
4,500
$100,000
100,000
9,581
1,342,041
3,000
$1,616,676
New England Trust Co. (Boston).
Jan. 31 '12. Dec. 31 '10. Dec. 31 '09.
$1,754,856 $2,433,219 $2,331,669
700,000
700,000
700,000
16,043,321 14,402,431 14,849,169
9,569,729
5,522,013
8,981,133
22,452
56,617
47,053
Total
LiabflfliesCapital stock
Surplus
Earnings undivided
Deposits
Other liabilities
$28,090,358 $23,114,280 $26,909,024
$1,000,000
2,000,000
322,158
19,690,760
101,362
;1,000,000
2,000,000
219,067
23,564,401
125,556
Total
Trust department (additional)
$28,090,358 $23,114,280 $26,909,024
$20,948,805 $17,705,890 $12,043,182
1911.
1910.
1909.
Rate of int. on deposits of $500 & over
2%
2%
2%
Dividends paid in calendar year
18%
15%
15%
Old Colony Trust Co. (Boston).
ResourcesInvestments
Demand and time loans
Banking offices
Due from banks
Cash
Deo. 30 '11.•Dec. 31 '10. Nov. 16 '09.
$12,023,798 $11,082,531 $10,074,449
59,127,335 47,567,034 23,920,141
1,830,000
1,944,524
1,840,000
12,509,060 11,578,034
6,606,564
7,328,424
5,944,070
3,429.967
Total
Liabilities
Capital stock
Surplus fund
Undivided profits
Deposits
$92,818,617 $78,011,669 $45,975,645
$5,000,000
7,500,000
1,120,322
79,198,295
$2,500,000
10,000,000
708,360
84,803,309
;1,500,000
6,000,000
327,428
38,148,317
$92,818,617 $78,011,669 $45,975,645
1911.
1910.
2%
20%
(I)
Total
Rate of interest on deposits of $500 and over
Dividends paid in calendar year
• City Trust Co. and Old Colony Trust Co. consolidated In February 1910.
The City Trust Co. on Jan. 31 1910, just prior to consolidation, reported
as follows: Capital, $1,500,000; surplus fund, $2,500,000; undivided
profits, $883,910; deposits, $29,069,877.
I Dividends from Sept. 20 1911 wore at rato of 10% per annum on capital
of $5,000,000; previously at rate of 20% per annum on capital of ;2,500,000.
Paul Revere Trust Co. (Boston).*
myesources-
Dec. 30 '11. Jan. 7 '11.'June 30 '10
U.S. and State ot Massaohusettslbds_
*14,388
$24,458
$9,525
Other stocks and bonds
24,769
28,881
19,813
Time loans
395,041
809,787
173,242
Demand loans
183,238
255,566
166,961
Banking house,furniture & fixtures....
5,508
3,960
4,313
Cash in banks
77,536
110,895
121,986
Cash
40,400
80,069
!on hand
32,282
..
• Total
$1,313,616
$740,880
;528,122
$1,313,616
$740,880
$528,122
Puritan Trust Co. (Boston).
ResourcesBonds and stocks
Loans
Real estate
Bank building
Expense account
Cash In office
Cash in banks
Safe deposit vaults
Miscellaneous
Dec. 30 '11. Dec. 31 '10. Dec. 31 '09.
$595,311
;540,423
$438,449
2,031,874
1,971,754
1,959,474
5,809
25,000
25,000
25,000
21,471
22,680
170,358
180,199
200,103
314,939
393,480
324,232
15,000
15,000
15,000
2,456
2,206
2,219
Total
Liabilities
Capital stock
Surplus fund
Earnings undivided
Discount
Deposits
Exchange account
Dividends unpaid
Treasurer's checks
$3,176,409
Total
$3,128,062
52,992,966
$200,000
150,000
30,000
37,060
2,751,448
784
1,141
5,976
$200,000
150,000
35,679
8,929
5,033
$200,000
130,000
41,000
44,932
2,569,810
838
879
5,507
$3,128,062
1911.
2%
8%
$2,992,966
1910.
2%
8%
$3,176,409
Rate of interest on deposits of $500 and over...... _
Dividends paid in calendar year
2,728,421
State Street Trust Co. (Boston).
ResourcesLoans
Bonds and stocks
Cash in office and banks
Real estate
Dec. 30 '11. Dec. 31 '10. Dec. 31 '09.
$11,458,323 $11,253,581 $8,479,255
1,111,829
682,137
559,303
2,902,164
2,550,391
2,316,290
303,390
306,580
306,580
Total
Liabilities
Capital stock
Surplus and undivided profits
Deposits
$15,775,706 $14,792,689 $11,661,428
Total
Dividends paid in calendar year
$1,000,000
1,269,815
13,505,891
$1,000,000
1.335,898
12,456,791
$600,000
837,993
10,223,435
$15,775,706 $14,792,689 $11,661,428
1911.
1910.
1909.
8%
8%
8%
United States Trust Co. (Boston).
ResourcesDec. 30 '11. Dec. 31 '10. Dec. 31 '09.
U.S. and State of Massachusetts bonds $206,638
$186,638
$186,638
Other stocks and bonds
1,756,228
1,702,507
2,169,131
Loans on real estate
673,150
772,165
1,029,880
Demand and time loans
2,910,584
2,686,515
2,241,259
Syndicate participations
44,562
50,000
Due from banks
523,887
395,928
339,688
Cash on hand
351,835
334,799
390,375
Total
Liabilities
Capital stock
Surplus fund
Undivided profits
Deposits
$7,040,720
$5,694,894
$6,216,793
$300,000
1,200,000
129,602
5,411,118
$200,000
800,000
26,104
4,668,790
$200,000
700,000
23,800
5,292,993
$7,040,720
1911.
2%
22%
$5,694,894
1910.
$6,216,793
1909.
2%
16%
$1,554,622
ResourcesStocks and bonds
Real estate
Demand and time loans
Cash in bank and office
Other assets
$1,000,000
2,000,000
610,432
24,477,534
2,392
Dec. 30 '11. Jan.? '11. *June 30 '10.
;200,000
$200,000
$200,000
25,000
25,000
25,000
10,815
z4,099
x1.861
977,801
519,979
304,983
100,000
• Began business May 2 1910. z Deficit.
$2,494,850
Lincoln Trust Co. (Boston).
• Resources
Loans on real estate
Demand loans
Time loans
Furniture and fixtures
Expenses
Cash and due from banks
LiabilitiesCapital stook
Surplus fund
Undivided profits
Deposits
Bills payable
Total
Rate of int. on deposits of $500 & over
Dividends paid in calendar year
20%
BANKING, FINANCIAL AND LEGISLATIVE NEWS.
-No bank stocks were sold at auction this week and the
sales at the Stock Exchange, aggregating 64 shares, were
all of the National Bank of Commerce stock, the prices
ranging from 192 to 195. No trust company stocks were sold.
Shares. BANK-New York.
Low. High. Close. Last previous sale.
64 Commerce, Nat. Bank of....-.. 192
195
1043 Feb. 1912- 195
-The Rules Committee of the House of Representatives
on Thursday favorably reported the resolution introduced
by Representative Pujo, Chairman of the House Committee
on Banking and Currency, vesting the latter with power to
investigate the banking and currency conditions of the country, in accordance with the Underwood resolution adopted
in the Democratic caucus on the 7th inst. The Pujo resolution sets forth that:
Whereas, the Committee on Banking and Currency is vested with the
power to propose to the House all legislation relating to banking ad
currency, and
Whereas, said committee is desirous of securing full and complete Information regarding the banking and currency conditions of the country for
the purpose of determining what legislation is needed; therefore, be it
Resolved, That the Committee on Banking and Currency, as a whole or
by sub-committee, is authorized to sit during the sessions of the House and
the recess of Congress and compel the attendance of witnesses and to send
for persons and papers and to administer oaths to witnesses and to employ
expert counsel, accountants, clerical and other assistants.
The cost and expenses of said committee shall be paid from the contingent
fund of th House of Representatives. Said expe,
Ise shall be paid on the
audit and order of the Chairman or acting Chairman of the committee.
The Speaker shall have authority to sign and the Clerk to attest subpoenas
during the session or recess of Congress.
Representative Henry, who is Chairman of the Rules Committee, persisted this week in his efforts to have the investigation undertaken by a special committee, notwithstanding the defeat last week of his resolution to that effect; but
he was finally forced to yield to the views of his more conservative associates.
-The so-called Underwood bill, revising the chemical
schedule of the Payne-Aldrich Tariff Law, was approved by
the House Democrats in:caucus on Wednesday night. The
FEB. 17 1912.]
THE CHRONICLE
bill was framed by the Ways and Means Committee of the
House, of which Representative Underwood is Chairman, and
the changes which it would effect are summarized by Mr.
Underwood, we learn from the New York "Tribune," as
follows:
There is a general reduction In the duties on chemical products, but an
made
Increase In revenue. We have taken articles now on the free list and
transferred
them share taxation for revenue purposes only. The articles
$283,643, and produced
to the free list amounted in imports in 1911 to
made dutiable
revenue of $38,691. The articlestaken from the free list and
amounted in imports in 1911 to $41,667,000.
in imports
The result of the chemical schedule Is an estimated increase
in 1911. The
for the first year of $96,743,000, compared with $48,869,000
would amount to $16,101,000, as comestimated duties under the new bill
There is an average
pared with $12,570,000 under the Payne Act of 1911.
duty in 1911
decrease of 31 M % ad valorem, the equivalent ad valorem
of operation of the
being 25.72, compared with 16.64 for the first year
new bill.
The new schedule puts on the free list:acids—acetic,arsenic,
carbolic, chromic, fluoric, hydrochloric, muriatic, nitric,
prussic, silicic, sulphuric and oil of vitriol; certain kinds of
albumen; sulphate of ammonia, anti-toxin, vaccine virus,
and all other serums derived from animals and used for
therapeutic purposes; blue vitriol, borax (crude and manufactured), and borate of lime, soda and other borate material; charcoal or boneblack not suitable for use as a pigment; copperas, acetate and chloride of calcium, coal tar,
naphthalin, phenal and cresol; crude drugs, including barks,
beans, berries and the like; crude magnesite; vegetable, fish
and mineral oils: Paris green and London purple; phosphorous; crude potash, sanatonin, sheep dip containing 5-100s
of 1% of arsenic or more, crude sulphate of soda, strychnine,
sulphur and talcum crude. Some of the articles which the
bill would serve to take off the free list, with the new duties
proposed, include the following:
Black pepper, nutmegs, ginger root, cinnamon and other spices, 1 cent
a pound; mace,8 cents; cloves, 2 cents; medicinal roots and herbs, including
licorice and sarsaparilla roots, Yi of a cent to 1 cent; iodine, 10 cents; indigo.
10 cents; crude camphor, 3 cents a pound.
Gums and other articles used in making varnish, now free, are made
dutiable, at from ;4 to 1 cent a pound. Amber, used for cigarholders, now
free, has a duty of $1 a pound. Many oils have been:transferred to the
dutiable list, most of them at 20% ad valorem. Almond and Chinese nut
of a
oil are made 5 cents a pound. Cocoanut, palm and soya bean, 3.1
pound.
cent a pound; peanut oil, 10 cents a gallon; olive oil, 3 of a cent a
g perAmbergris, musk and other preparations used for manufacturin
valorem. Vanilla
fumeries and cosmetios are changed from free to 20% ad
beans, now free, are dutiable at 25 cents a pound.
463
resigned, was confirmed by the United States Senate on the
15th inst. by a vote of 37 to 14.
—The newly organized Albany Clearing-House Association,
through which is provided a more systematic and convenient
method:of clearing than had heretofore been employed, began
operations on the 1st inst. As we stated in our issue of
Sept. 2 last, when mention was made of the proposed movement, the main purpose in the adoption of the new system is
to bring about a closer association among the institutions,
producing a unity of interests, which:is at all times desirable,
but especially so when disturbances arise calling for concerted
action. Previously, it is understood, the plan of clearing
had been by means of draft on New York, and while this
method proved satisfactory, it was deemed best to establish
a clearing-house association chiefly for the protection afforded
those in its membership. The officers of the Association
are: Dudley Olcott,%President; Robert C. Pruyn, VicePresident, and John J. Gallogly, Secretary and Treasurer.
—Under new regulations which State Bank Commissioner
J. N. Dolley of Kansas has decided to enforce in the 'supervision of the banks in his jurisdiction, he announces it to be
the future policy of the Department to require that presidents
of State banks and a majority of the directors reside in the
town where the bank is located, or in territory tributary
thereto. In his notice dealing with the matter he says:
In the future the policy of this Department will be that all presidents of
State banks must reside in the town where the bank is located or in the
territory tributary thereto, and the town in which the bank is located must
be the principal place of business or headquarters of the president.
The president must spend at least one day each month in the bank going
carefully over all of its assets and business in detail, and the records of the
bank must show what day and date the president inspected such bank and
the number of hours occupied for such inspection.
The stockholders of the bank have elected him through their directors,
not as an additional honor, but as an additional responsibility. The stockholders and the depositing public expect, and are entitled to receive, as much
servo them to
of his services as it is possible for him to give, and he cannot
advantage unless he visits the bank regularly and keeps in close personal
bank and the Department insists that this
touch with the affairs of the
be done.
The cashier of all State banks must occupy his full time In the service of
the bank. lie must be cashier in fact, and in close daily touch with all
of the bank's affairs. It will not be permitted in the future for the cashier
to have an assistant cashier or clerk who performs the cashier's duty
while the cashier is away from the bank a goodly portion of his time.
A majority of all boards of directors of State banks must reside in the
town or in the territory tributary thereto, and the town wherein the bank
is located must be the principal place of business or the business headquarters of said majority of directors.
Paint pigments and other materials for the manufacture
of paint are generally reduced by about a third of the ad
Similar regulations will also govern the operation of
valorem rate. In the lead pigments the reduction amounts
s.
one-half in many cases. There is a substan- building and loan association
to more than
—Following the policy recently put into force by other
reductial reduction in the rates on varnishes and a slight
clearing houses of the country, the Fort Worth Clearingtion also on all paints.
the revision of the sched- House Association has adopted a rule prohibiting overdrafts.
A protest, it is reported, against
ule is to be entered by the paint and varnish itnporters and It became effective on the 1st inst.
—Following the handing down last week of the indictmanufacturers of New York. A meeting of the trade has
been called, the New York "Commercial" announces, and ments in the dynamite cases, nearly all the fifty-four indicted
petitions signed by the protestants will be presented to the men were arrested on Wednesday by Government officers.
Ways and Moans Committee of the House, asking that no Labor men from various parts of the country are involved;
radical change be made from the chemical schedules under practically the entire official staff of the International Assothe Payne-Aldrich law. One dealer, it is stated, contends ciation of Bridge dc Structural Iron Workers, including the
that while the bill reduces the duty on manufactured colors, chief officers, members of the Executive Board and about
it does not change the tariff on crude materials in this particular twenty business agents and former agents are among the
line; furthermore, he points out that the bill imposes a heavy accused. These include Frank H. Ryan of Chicago, Presiduty on varnish gums and certain grades of vegetable oils dent of the International AssOciation of Bridge & Structural
used in the manufacturing of paint, which are now admitted Iron Workers; John T. Butler of Buffalo, First Vice-President
free. Members of the spice trade have also, it is stated, sig- Herbert S. Hockin of Detroit, Second Vice-President and
nified their intention of vigorously protesting against the Acting Secretary and Treasurer. Three New Yorkers are
among those taken into custody, viz.: Frank C. Webb,
new schedule.
by Senator Smoot for the Sher- former member of the National Iron Workers' Executive
—The substitute offered
and Daniel J. Brophy, former
wood Service Pension Bill, which passed the House on Board; Patrick F. Farrell
Board. The inDecember 12, was endorsed by the Senate Committee on members of the International Executive
Bill was rejected by dictments, it is stated, are divided into two classes—one
Pensions on Monday. The Sherwood
of the Federal statutes regulating the
the Committee by a vote of 10 to 4, while the Stnoot bill charging the violation
abetting in
accepted by a vote of 10 to 2. The latter was reported inter-State shipment of explosives, aiding and
was
favored the violating, and aiding and abetting in concealing the violato the Senate on Wednesday, the four who
conspiracy to violate
Sherwood measure (Senators Curtis, Brown, Shively and tion of the law; and the second charging
filing at the same time a minority report. The the law by furthering the plans for carrying explosives.
Johnson)
required to furnish bonds of
Smoot bill, according to Senator McCumber, Chairman of Fourteen of those indicted are
are called upon to give bonds of
the Pension Committee, would add approximately $24,000,- $10,000 each, while forty
of $340,000. The hearings are
000 to the annual expenditures, while the addition repre- $5,000 each, making a total
set for March 12 at Indianapolis.
sented in the Sherwood Bill is estimated at $75,000,000
annually. The Sherwood Bill fixes the pensions at from
—The associated banks of Detroit, at which point the
$15 to $30 a month, according to length of service; under American Bankers' Association will hold its annual meeting
the Smoot Bill the pensions range from $13 to $30 a month, the week of Sept. 9, have appointed the following committee
the amount depending upon both the length of service and toiname:all theilocalicommittees which will be entrusted
with the various details relating to the convention and prothe age of the pensioner.
of the Dime Savings
,
—The nomination of ex-Governor Myron T. Herrick of gram: _William Livingstone President
i
Ambassador to France to succeed Robert Bacon, Bank;/EmoryAW.1Clark,SPresidentiofAtheiFirst—Natio—na
Ohio as
464
THE CHRONICLE
[Vim. Lxxxxiv.
Bank,- and Charles'Moore, Vice-President of the Security January with the arrival of Messrs.
Kornfeld and Conrad
Trust:Company.
from abroad. The new company is styled the Trans-Atlantic
—At a meeting of the directors of the Equitable Life As- Trust Co. Its initial capital has been fixed at $1,000,000,
surance Society on Thursday the Finance Committee was and some of its stockholders are reported to be Speyer & Co.,
authorized to sell the present site at 120 Broadway, provided August Belmont & Co., Hallgarten & Co. and the United
a satisfactory price can be obtained. Various rumors as to States Mortgage & Trust Co. Julius Pirnitzer, it is underthe intention of the management to rebuild on the site have stood, will be Managing Director of the new institution.
been current since the destruction of the property through The principal Hungarian interests behind the project are
the fire of Jan. 9. The site occupies the entire block from understood to be the Hungarian General Credit Bank, the
Broadway to Nassau St., between Cedar and Pine streets. Hungarian Commercial Bank and the Hungarian Discount
It has a frontage of 167 feet 11 inches on Broaday, 152 feet and Exchange Bank.
3 inches on Nassau Street, 310 feet 1 inch on Cedar St. and
—The organization of a corporation which proposes to
305 feet 5 inches on Pine St. Its value is estimated at from conduct a general banking and foreign
trade business between
$12,000,000 to $15,000,000. The executive offices of the this country and South America is
announced. The new
Society have been located in the City Investing Building concern is to be known as the North and
South American
(165 Broadway) since the fire, and it is stated that the ques- Banking & Commercial Co., Ltd., and
its capital is fixed at
tion as to erecting a building at some site other than that now $20,000,000. The announcement relative
to the movement
owned is as yet undecided. At Thursday's meeting of the states that inasmuch as one of the main objects
sought to be
directors President William A. Day and the other officers accomplished is the promotion
of more intimate trade relawere re-elected.
tions with the United States, the charter provides for
—The stockholders of the Equitable7rust Co.—and the banking and exchange transactions of all kinds,and is further
Trust Company of America will meet on the 24th inst. to very broad in its scope and working powers on the commeract on the proposal to consolidate the two institutions. It cial side. The company, it is stated, has been formed by
is stated that the holders of two-thirds of the stock of the twenty-five leading capitalists and other interests in Buenos
Trust Company of America have signified their approval of Ayres, Argentina, where its legal office will be. An American
the meter of their company.
branch, it is understood, will subsequently be opened in
• —Louis G. Kaufman, President:of the Chatham & Phenix New York. A good percentage of the preferred shares is
National Bank, this week authorized the statement that said to have been subscribed and guaranteed on call in
interests closely identified with his institution had arranged Argentina, dependent upon a further subscription in the
to merge the business of the Jefferson Bank and Century United States. The facts relative to the movement have
Bank under an enlarged organization, the capital stock.of emanated from the American Manufacturers' Export
which has already been oversubscribed. The name will be Association, with offices at 200 Fifth Avenue, composed
the Century Bank of New York, and after taking over the of leading manufacturers in America. The association
deposits of the Jefferson Bank and the present Century Bank, is reported to have thoroughly investigated the standing o
it will have a net cash capital and surplus of one million the Argentine incorporators of the new company and has
dollars. The State Banking Department has approved this also received a confidential report on the project from the
move and it now only awaits the usual legal formalities. State Department at Washington as to the interests behind
Two-thirds of the stockholdings of each bank havealready the movement.
sanctioned the unanimous'actionTof the boards of directors :.• —The organization]of:another new banking institution in
of these institutions. There will be no change in the busi- San Domingo is announced.. The latest organization is
ness, located at the headquarters of the Jefferson and Century styled. the Banco Nacional Michelena; it has been chartered
banks, and all the present officers will remain with the new by the Government of Santo Domingo as a bank of issue and
organization. L. G. Kaufman will be Chairman of its deposit and is to have a capital of $500,000 gold. It will acExecutive Committee and ten of the Chatham-Phenix quire the general banking business of S. Michelena of Santo
directors will go on the Board, so that full control may be Domingo City, who will be the President of the bank; a genhad by these interests. H. L. Crawford, President of the eral banking and trust business will be carried on by the instiCentury Bank, and who"will continueas'Presidenrof the tution in various cities of the Republic. The following New
new organization, confirmed the arrangement made with York houses will be represented on the bank's directorate;
the Chatham-Phenix and the Jefferson Bank. S. D. G. Amsinck & Co., Muller, Schall & Co. and Frame &:Co.
Scudder, President of the Jefferson Bank, states that the
dividend of 15% will be paid to-day to the creditors
move has been in contemplation for some timelpasCand that of the European-American Bank of this city. The
bank was
the features which appealed to him most strongly in connec- closed by the Banking Department in Aug. 1910,
and in
tion with it are the elimination of real estate and the conse- December of that year a 60% dividend was paid.
The
quently larger facilities accruing to a strictly commercial amount of the approved claims filed against
its assets is said
bank having only liquid assets for use of its customers; and to have been $177,549.
also a closer affiliation with the leading mercantile interests
—The Chelsea Exchange Bank of this city has applied to
of New York City which are represented on the Chatham- the State Banking Department for permission
to open a
Phenix Board. Mr. Scudder and Max Radt"will remain as branch at 97th Street and Broadway. It
will be known as
Vice-Presidents and will serve the old Jefferson Bank, de- the institution's Broadway Branch, and is expected
to be
positors as heretofore. Mr.Devlin, who is now Cashier of the opened the coming month.
Jefferson Bank, has been selected as Cashier of thetnew insti—The banking firm of 3ilegargel & Co., now in the Hanover
tution. Both the Century and Jefferson banks were estab- Bank Building
at 5 Nassau Street, has leased for a long term
lished in 1901. The Century Bank has a capital of $250,000,
of years the building at 35 Pine Street, adjoining that of
and its deposits on Feb.10 were $1,577,000 net; the Jefferson Redmond
& Co. The lease carries the privilege of purchasing
Bank has $500,000 capital and!its:deposits Feb.11101werell$4,the property for $350,000. Both the exterior and interior
432,000 net. The main office of the CenturyiBanklisrat: 5th
of the building will be remodeled. It will be used exclusively
Ave. and 20th St. The JeffersontBank-lhas itslheadquarters
by the firm, which will take possession of the new quarters in
Bowery and Grand St.
at the
May.
—Edward De Witt was elected a trustee of the Fulton
—D. K. Drake, who has been the Chicago representative
Trust Co. of this city on Thursday to succeed the late George
of Harvey Fisk & Sons for the past twelve years, has resigned
G. De Witt.
to go into business on his own account, probably in Los
—Edward F. Clark has been elected President of the Angeles.
Guardian Trust Co. of this city, succeeding Robert C. Lewis,
—Papers for a discharge from bankruptcy have been
resigned. Mr. Clark had been First Vice-President for the
drawn up in the case of Charles Y. Judson, one of the partpast year. Alfred M. Barrett, Assistant Secretary, has been ners
in the former New York Stock Exchange house of
elected a director of the company to fill a vacancy.
Judson & Judson, and were presented to Judge Hand in the
—The establishment in this city of a new banking institu- United States District Court on the 13th inst. An involuntion which is intended to foster commercial and financial tary petition in opposition was filed against the firm in
relations between the United States and Hungary has been Dec. 1910. The two others who were partners in the firm at
brought about by Baron Paul Kornfeld of Budapest, Man- the time of the suspension—Alfred M. Judson and Percy W.
aging Director of the Hungarian General Credit Bank, and Sherman—have since died. When the case was called this
Otto Conrad, representing the Hungarian Commercial Bank week, while none of the creditors appeared personally in
of Budapest. The movement was undertaken early in opposition, A. Leo Everett, trustee in bankruptcy, entered
FEB. 17 1912.]
THE CHRONICLE
465
—The 1912-13 number of the business calendar distributed
an appearance in opposition, stating that he had been
authorized to do so at a meeting of creditors called for that for several years past by the People's State Bank of Detroit
purpose. Judge Hand allowed the usual time for the filing has been issued. The calendar (copyrighted by James S.
of specifications. The partnership liabilities, it is stated, Park) indicates the laws regarding days of grace, interest
were $271,820 and the individual liabilities of Charles Y. rates and holidays; it is applicable to the United States and
Canada.
Judson, $11,354.
—The Farmers'f&3Merchants'iBanklof Phoenix, Ariz.,
—The Citizens' Trust Co. of Brooklyn has declared a semiannual dividend of 3%, payable March 1 to holders of record which was reorganized several months ago,was placed in
Feb. 20 1912. Two and one-half per cent has been the usual voluntary liquidation on Jan. 31. It is stated that full settlement is being made with the depositors. The bank began
semi-annual distribution heretofore.
Recent reports of a probable merger of the Broadway business last year. It was reported at the time of the reBank and the Citizens' Trust Co. of Brooklyn were set at organization that the paid-in capital would be increased from
rest this week with the issuance of a statement by H. L. $25,000 to $50,000.
—John Legier Jr. has become President of the Cosmopolitan
Batterman, son of the late President of the Broadway Bank,
emphatically denying the rumors. He stated, according Bank & Trust Co. of New Orleans, succeeding Charles De
to the Brooklyn "Eagle," that so far as the Batterman hold- B. Clairborne, resigned. In the reorganization which has
ings in the bank are concerned, they are positively not for occurred in the management the following have heen elected
sale.
Vice-Presidents: Charles A. Hartwell, Ernest E. Carrere,
—The Corn Exchange Bank of Manhattan has leased the and Andrew Fitzpatrick.
quarters formerly used by the Union Bank of Brooklyn
—A. F. Martel, formerly President of the Market Street
Borough in the Temple Bar Building. The branch of the National Bank of San Francisco, which suspended in 1908,
Corn Exchange Bank now located in the Continental Fire was sentenced on Jan. 22 to five years in San Quentin Prison.
Insurance Building at Court and Montague streets will be He had been convicted on charges alleging the making of
moved to the Temple Bar offices on March 1. The TJnion's a false statement of the bank's condition to the State Bank
lease on these offices had about four years to run at the time Commissioners. It is understood that an appeal will be
of its suspension in April 1910.
taken.
—Frederick B. Wilcox has resigned as Auditor of the In—The merger of the Equitable Savings Bank with the
dustrial Trust Co. of Providence, R. I., to become associated Security Savings Bank of Los Angeles, whose corporate name
with Bodell & Co., the well-known Providence dealers in in- has been changed to the Seaurity Trust dr Savings Bank, was
vestment securities. Mr. Wilcox had been with the trust completed on Jan. 15. The Equitable, as a branch of the
company for thirteen years, and had had several positions Security, is maintained at the old location in the Equitable
during that time. For nearly a year he was manager of the Building; J. F. Sartori, who was at the head of the Security
Westerly branch, and at various other times was acting man- Savings Bank, is the presiding officer of the consolidated
ager of several of the other branches. He had been Auditor bank; Willis H. Booth, Vice-President of the Equitable, has
of the company since 1908, and in that capacity analyzed become a Vice-President of the enlarged institution; W. J.
the investment offerings made to it before they were finally Washburn, who was President of the Equitable, and James
passed upon by the directors.
Slauson, a director of the Equitable, are on the board of the
—James R. Hooper was elected President of the New continuing institution, as is also T. L. Duque, at one time
England Trust Co. of Boston on the 8th inst., succeeding President of the old Main Street Bank. The Equitable
David R. Whitney, resigned. Mr. Whitney continues with Savings Bank was ()ionized out of the Equitable Loan
the company as a Vice-President. Mr. Hooper had previ- Society in 1903; it had a capital of $250,000 and deposits on
ously served as Actuary of the institution.
Jan. 1 of $2,604,620. Negotiations were also recently en—The Vermont State I3ankers' Association will hold its tered into for the absorption of the Southern Trust Co.by the
third annual convention on Washington's Birthday (Thurs- Security Trust & Savings Bank, and are now nearing comday next) at Montpelier. Congressman George W. Prince pletion. When this merger shall have been effected, the
of Illinois, a member of the National Monetary Commission, total resources of the Security Trust & Savings Bank will
will address the convention. At the banquet, which is to be increased from $37,000,000 to $44,000,000,and the directortake place in the evening, Joseph A. De Boer will be toast- ate may have twenty-four instead of eighteen members. The
master. There will be an address at the banquet on "Or- Southern Trust Co. was established in 1904, and has a
ganized Education" by George E. Allen, Educational Direc- capital of $1,000,000. The Security Savings Bank before the
tor of the American Institute of Banking. F. R. Dickerman consolidation had deposits (Dec. 30 1911) of $32,747,519;
of Bristol is Secretary of the Vermont Association.
the institution dates from 1889.
—The Royal Bank of Canada (head office, Montreal), in
—Max G. Leslie, county delinquent tax collector, was
acquitted on the 7th inst of charges of conspiracy, bribery line with its announcement of last November, opened a
and misdemeanor, which grew out of the councilmanic branch in San Domingo City on the 6th inst. The proposed
graft investigation in 1909; the charges on which Mr. Leslie branch in San Pedro de Macoris will be established in a few
was tried concerned the passage of an ordinance under which weeks.
—The net profits of the Union of London & Smiths Bank,
certain banks were named as city depositories. This is
Mr. Leslie's second acquittal; in Feb. 1910 lie was freed Ltd., of London amounted to e237,247 for the half-year
of charges of perjury. The Pittsburgh "Gazette" states that just concluded, to which was added the sum of £215,578
seventeen men served terms in prison as a result of the previously brought forward, making a total of £452,825.
graft investigation. All are now at liberty, as the heaviest Out of this the directors declared, subject to the adoption of
sentence imposed was three and one-half years, and a pardon the report, a dividend at the rate of 10% per annum and
a bonus at the rate of 2% per annum, subject to income tax.
was granted in that case.
—Advices from our Chicago representative yesterday state After applying £60,000 to write down investments, there
that the deposits of the Continental & Commercial National will be carried forward £192,152.
—At the annual meeting of the shareholders of the London
Bank have reached the new high record of $182,500,000.
The figures of the First National Bank of Chicago reach City & Midland Bank, Ltd., of London on January 26, the
$125,000,000, these also, we are advised, being larger than Chairman, Sir Edward Holden, Bart., spoke in general on
has ever before been shown in any published statement of business conditions in the principal countries and ventured
the remark that the year 1911 had been the most difficult
the institution.
—The organization of the new Irving Park National Bank and had caused the greatest anxiety of all the years of the
of Chicago has been completed with the election of the past decade. On this point he said:
There have been troubles In Mexico, Persia, Tripoli. Morocco and China,
following officers: John A. Wadhams, President; Ralph N.
and we have had financial and unceasing labor troubles at home. Amidst
Ballou, Vice-President, and Benjamin B. Castle, Cashier. these anxieties populations have been increasing all over the world, and the
The institution has been formed with a capital of $100,000 necessities arising therefrom have caused large developments In new counin turn have caused large demands to be made on the savings
and surplus of $10,000. It is scheduled to begin business in tries, which
of the old countries, and the withholding of these savings from the home InApril.
vestment market has been one cause of large depreciations In our home
advantages.
—The National Live Stock Bank of Chicago is said to have securities. But we must remember that we have compensatingmerchandise.
of capital means increased imports and exports of
total of $256 per share in liquidation to the stock- for export
paid:a
In expressing his views on conditions in America, Sir
holders. The bank was placed in voluntary liquidation in Edward had the following to say:
Feb. 1908, when_it was succeeded by the_Live:Stock Exchange
The domestic trade in America during the year 1911 has been of a depresNational Bank.
sing character. The foundation of Amerlea's trade is her population .of
466
THE CHRONICLE
over 90 millions and a railway system with an invested capital of from
£3,000,000,000 to £4,000,000,600 sterling. When the railways are unrestricted and prosperous they become large customers of other trades, and
thus trade is generally good. If the railways are interfered with, general
trade will be interfered with. This interference has been carried out on a
large adale'during the past year. This IS a View of American trade from one
standpoint, and It is alleged to be one of the,principal causes why trade in
the United States has not advanced.
The requirements of such a vast country, increasing in population and
wealth, have rendered necessary large corporations with large capital, as
small corporations with small capital would have been powerless to carry
on the great developments which have been so essential to the prosperity
of that country. These large corporations may have abused their powers,
but they do not appear to have neglected any opportunity of extending
their foreign trade, which has been beneficial to the whole country.
Attacks are being made in the courts on a number of these concerns,with
the object of dividing them into smaller companies. Whatever may be the
effect on the domestic side of business, it is fairly certain that the foreign
side will be financially weakened.
The total profits of the bank for the year,after providing
£718,062 for a dividend of 18% and £42,000 for income tax,
amounted to £215,600. Out of this there was provided
£40,000 toward the premises account, £10,000 for the clerks'
pension fund, the amount carried forward was increased
by £20,000 while the remainder was used for generally
strengthening the bank internally.
WouttattiecturnvercialignglislinenTs
(From our own correspondent.)
[VoL. Lxxxxiv.
The India Council offered for tender on Wednesday 140
lacs of its bills and telegraphic transfers and the applications
amounted to 1,6263. lacs at prices ranging from is.4 3-32d.
to is. 43gd. per rupee. Applicants for bills at 1s.4 3-32d.
per rupee and for•telegraphic-transfers at is.
per rupee
were allotted 8 per cent of the amounts applied for.
English Financial Markets-Per Cable.
The daily closing quotations for securities, (ix., at London,
as reported by cable, have been as follows the past week:•
London.
Week ending Feb. 16.
Rat.
Mon.
Them.
Silver, per oz
d 2731
27 13-16 2731
ConsoLs, 234 per cents.
78 1-16 7831
7831
For account
783-16 7831
7831
French rentes an Paris) .fr. 95.40
95.3236 95.35
Amalgamated Copper Co... 6431
6431
6331
Amer. Smelting & Refg. Co_ 7234
__
71
Anaconda Mining Co
731
711
731
Atchison Topeka & Santa Fe 10731
1063-4
1063.4
Preferred
10636
106%
1063.4
Baltimore & Ohio
109%
10436
10436
Preferred
91
91
Canadian Pacific
234M
23431
23431
Chesapeake & Ohio
73
7231
7236
Chicago Great Western
18
18
18
Chicago Milw. & St. Paul_ .._1073.
10631
10631
Denver & Rio Grande
21
2131
2031
Preferred
43
4234
4234
Erie
3131
3131
31
First preferred
51%
52
52
4136'
Second preferred
4236
42
Illinois Central.
139
139
13931
Louisville & Nashville
157
15636
15631
Missouri Kansas & Texas.... 2731
27%
2731
Preferred
65
65
._
Missouri Pacific
41
41
Nat. RR. of Mex., let pref._ 70
6834
Seeond preferred
34%
55Ji 3434
N. Y. Central & Hud. River_11331
11331
11331
N. Y. Ontario & Western_
38
3731
3734
Norfolk & Western
11131
Ill
111
Preferred
9336
9336
Northern Pacific
120
111)% 11936
.
a Pennsylvania
64
6331
6334
a Reading Company
81
80
8031
a First preferred
47
47
... - so
a Second preferred_
50
Rock Island
ii
24
2431
Southern Pacific
10931 10931
11031
Southern Ry
2931
28
2831
Preferred
75
74
7431
Union Pacific
16736
16831
16894
Preferred
95
95
943.4
U. S. Steel Corporation
62
6034
6034
Preferred
11031
11036
11034
Wabash
731
734
734
Preferred
1931
1931
1834
Bxtended 4s
5736
5736
--
Wed.
Thurs. Fri.
2731
277-10 2631'
7831
7831
78 13-10
7831
79
78 15-16
95.0736
95.3231 95.35
65
65%
66%
73
73
74
734
731
734
107
10631
10634
10636
10634
10631
105
105
105
91
91
91
235%
23634
2363-4
72%
73
73
18
18
18
107%
10736
10731
21
2131
2131
4236
43
42
32%
3231
3131
5331
533.1
53
4236
4236
42 •
13934 • 139
139
157
157
157
27 M
2736
27%
65
65
65
41
41
41
6836
68
68
34
3456
333-4
11336
11334
1133-4
38
38
38
11136
11136 11136
9336
93
120
11934
12lik
63
6331
633-4
81
80%
8034
4731
4731
47
4934
9936
24
jik;.
2431
111
nom 11136
2831
283-4
2834
74
7434
7431
169
109
16931
95
95
95
6254
6234
6194
111
11054
11034
734
73.4
73-4
1936
1931
1934
573/
5734
573/
London, Saturday, February 3 1912.
After the spurt of activity last week in the stock markets,
there has been something of a setback. This was partly
owing, no doubt, to the incidence of the settlement, but it
was really due to far deeper causes. International financial relations are now so closely interwoven that it is virtually impossible for one market to be really active, unless
in some particular security, so long as the markets with
which it is associated are depressed. Just as the Continental
markets, and even those of the United States to some extent,
felt the influence of the series of internal crises through which
this country has passed during the past two years, we are
feeling the influences now•operating upon the Continent and
on the other side of the Atlantic. The steady fall in the
prices of American railroad securities which has now gone
on for months past, could not fail in having its influence upon
a Price per share. b .£ sterling.
the speculative element in London. Doubtless the American market in London is not as active as it once was, but,
all the same, the necessity for meeting heavy differences Tomiturcial and Mistellantons40118
such as had to be found at the recent settlement, threatened
to clear out the small man and to impose embarrassing reBreadstuffs Figures brought from Page 499.
-The statestrictions upon the operations of the jobber.
ments below are prepared by us from figures collected by
While we in England are no by means out of the woods so the New York Produce Exchange. The receipts at Western
far as labor troubles are concerned, the position opon the lake and river ports for the week ending last Saturday and
Continent causes still graver anxiety. Rioting of a some- since August 1 for each of the last three years has
been:
what alarming character has taken place in Paris in connection with the cab strike, while to restore order disturbed by Receipts at- Flour. I Wheat.
Corn.
Oats.
Barley.
Rye.
labor troubles in Portugal, it, was necessary to have recourse
bbls.1981b5.tbush. 60 lbs. bush. 56 lbs. bath. 32 lbs. ,ush.481bs. bu.58 ibs.
to martial law. France, moreover-meaning mainly the Chicago __ __ 145.148
247,200 3,446,000 1,602,600
436,700
58,500
61,600
125,350
399,840
284,400
286,000
-has not yet recovered from the effects of the Milwaukee__
Paris market
61,600
8,310
90,000
28,030
8,432
3,629
political crisis of last summer. As the reader is aware, she Duluth
Minneapolis.
120,370
1,597,660
372,680
269,020
28,280
92,000
110,100
73,500
has invested very little at home for some time past, and has Toledo
23,799
Detroit
128,975
5,839
51,144
been accustomed• to employ her money, more or less, in Cleveland
28,424
3,670
28,425
720
241,200 1,094,400
262,100
53,820
4,800
liquid form, in financing the trade of neighboring countries. St. Louis...
1,166
17,000
618,098
__
115,163
55,200
12,670
In consequence of the scare last summer a very large part Peoria _City. 36,100
447,600 1,180,800
Kansas
122,400
of this money was withdrawn, and its place was supplied
Total wk.'12
2,885,429 7,126,507 2,940,442
by money from the other side of the Atlantic. The recent Same wk.'11 313,537 2,475,620 5,341,243 2,872,371 1,060,152 165,779
297,378
939,085
83,210
Ministerial crisis in Paris, and the resumption of anxiety Same wk.'10 324,136 3,330,948 5,456,692 3,191,611 1,515,833 116,694
with regard to labor troubles, has checked the disposition Since Aug. 1
to seek fresh outlets for this money; and, consequently,
1911-12.. 6,628,503 179,895,140 111,511,186 87,216,022 50,765,506 6,243,470
1910-11._ 9,352,09.5 159,182,431 116,591,607 121,819,238 47,432,938 3,786,908
seurities which largely rely upon the Paris market for sup1909-10 12.419.771 182.808.358 100.734.498 23.710.231 52.539.687 4.865.217
port have lacked that assistance. The result has been that
Total receipts of flour and grain at the seaboard ports for
the London stock markets have tried to initiate a little boom
on their own account, and it has come to the end that was the week ended Feb. 10 1912 follow:
Corn,
Flour,
Wheat,
Oats, Barley,
Rye,
foreseen for it. The market specially selected was that for
bush.
Receipts atbush.
bbls.
bush.
bush.
bush.
257,725 102,123
134,891
212,400
280,125
home railway securities. Had it been supported by the New York
5,750
151,319
26,001
202,798
Boston
75,893
home public coming in as real investors, it might have had Portland, Me
181,000
26,000
19,000
some reasonable prospect of lasting, at least for a time. But Philadelphia
89,262
134,871
46,613
108,057
41,792 1,205,512
42,470
10,816
1,087
this was not the case, and the proof that it was not is af- ItaltIntore ...
2,400
New Orleans
30,645
377,000
67,500
forded by the fact that as each security was taken in hand Newport News__ _. 5,862
1,786
Norfolk
by those accustomed to &al in the market, they were at Mobile
5,000
3,000
once surrounded by a crowd of jobbers and brokers from Montreal
23,090
1,450
20,767
19,730
14,860
-every other section of the "House" eager to participate in
Total week 1912._ 359,035 1,209,742 2,181,277
159,671 116,983
6,817
the anticipated profits about to be realized.
Since Jan. 1 1912..1,838,652 6,815,875 12,306,111 3,731,059 1520,181
72,265
780,527 2,914,948
349,226
7,981
As is usual at this sesaon of the year,the Bank of England Week 1911
985,994 222,022
virtually controls the market. Sometimes the market Sinceian. 11911_2,109,711 4,699,456 18,654,959 6,990,758 809,268 88,028
* Receipts do not include
pays off its loans, or part of them,only, however,to have re- on through bills of lading. grain passing through New Orleans for foreign ports
course once more to Threadneedle Street for further assistThe exports from the several seaboard ports for the
ance. And this state of things is likely to continue until the ending Feb. 10 are shown in the annexed statement: week
end of the imperial fiscal year, on the night of the 31st of
Corn, Flour,
Wheat,
Rye, Barley, Peas.
Oats,
bush.
bush.
Exp,nas frombush.
busk.
bbls.
bush.
bush.
March. This season it is complicated by the new feature New York...
154,557 504,587 73,805
5,093
of the Indian gold demand, which still continues with all its Portland, Me.,.. 181,000 26,000 19,000 13,298
269,159 110,168 6,018
intensity. The return itself is an excellent one. The re- Boston
43,000 10,000
16,000
serve at 283. millions sterling shows only a trifling decline Philadelphia
231,959 799,077 11,429
Baltimore
from the figure of last week, and is more than a million and New Orleans __
1,000
32,500 263,000 9,000
....
5,862
Newport News_ _.
a quarter sterling above the figures of last year. The extent Galveston
280
' 10,000
to which the market has had to borrow is shown by the in- Mobile
5,000 3,000
crease in the "other" securities, which are practically five
1,319,177 1,695,832 168,178 29,298
Total week
5,093
millions greater than they were a year ago. The coin and Week 1911
14,615
787,916 2,186,968 137,510
20,000
567
bullion item exceeds 38W millions sterling, being practically
L
The destination of these exports for the week and since
two millions more than at this time last year.
July 1 1911 is as below:
WhealCorn
Flour
Since
Since
Since
Week
July 1
July 1
July 1
Week
Week
1911.
1911. Feb. 10.
1911. Feb. 10.
Exports for weekend Feb. 10.
bush.
bush.
bbls.
bush.
bbls.
bush.
Since July 1 toUnited Kingdom_ __ 89,578 3,016,693 890,299 35,764,896 876,901 9,459,167
25,844 1,276,215 379,378 22;968,243 775,833 11,281,005
Continent
713,452
2,000
48,000
468,872
Sou. & Cent. Amer_ 34,404' 666,079
40,632 1,231,312
17,654 810,492
1,300
11,088
West Indies _
11,878
35,700
Brit. Nor. Am. Cols_
22,672
698 219,395
466
Other Countries__ __
23,000
Total
Total 1910-11
168,178 6,024,576 1,319,177 58,736,099 1,695,832 22,720,486
137,310 5,590,710 787,916 34,669,404 2,186,468 25,141,916
The world's shipments of wheat and corn for the week
ending Feb. 10 1912 and since July 1 1911 and 1910 are shown
in the following:
Corn.
1Vheat.
Exports.
Since
July 1.
Since
July 1.
1910-11.
1911-12.
1910-11.
1911-12.
Week
Feb. 10.
Since
July 1.
Since
July 1.
Week
Feb. 10.
Bushels.
Bushels.
Bushels. I3usdels.
Bushels. Bushels.
North Amer. 3,508,000 111,908,000 77,305,000 1,080,000 20,241,000 22,690,000
Russia
456,000 56,242,000 144,904,000 961,000 27,201,000 8,434,000
Danube __
1,368,000 53,937,000, 70,104,000 1,394,000 49,371,000 17,506,000
60,000 87,990,000
Argentina _ _ 1,000,000 24,282,000 34,264,000
Australia
1,304,000 31,356,0001 27,640,000
India
352,000 28,346 000 29,262,000
0th. countr's 160,000 7,137,0001 5,916,000
Total
467
THE CHRONICLE
FEB. 171912.]
8,208,000 313,208,000389,395,000 3,435,000 96,873,000 136,620.000
The quantity of wheat and corn afloat for Europe on dates
mentioned was as follows:
Corn.
Wheat.
United
Kingdom. Continent.
Total.
Bushels.
Bushels.
Bushels.
Feb. 10 1912_ 22,712,000 7,920,000 30,632,000
Feb. 3 1912_ 21,824,000 7,120,000 28,944,000
Feb. 111911,. 17,560.000 23,608,000 41,168,000
Feb. 12 1910_ 26,800,000 11,040,000 37,840,000
Feb. 13 1909,, 28,000,000 18,880,000 46,880,000
Feb. 15 11308... 34,440,000 16,160,000 30,600,000
United
Kingdom. Continent.
Bushels.
5,245,000
5,194,000
3,839,000
3,060,000
3,635,000
2,840,000
Total.
Bushels. Bushels.
7,098,000 12,343,000
7,013,000 12,207,000
9,018,000 12,877,000
4,420,000 7,480,000
2,380,000 6,035,000
4,120,000 6,960,000
DIVIDENDS.
The following shows all the dividends announced for the
future by large or important corporations:
Dividends announced this week are printed in italics.
Name of Company.
Per
Cent.
When
Payable.
Books Closed.
Days Inclusive.
Per
Cent.
Name of Company.
When
Payable.
Books Closed.
Days Inclusive.
Miscellaneous (Concluded).
Feb. 29 Holders of rec. Feb. 23
Associated Merchants, common (quar.)..
Feb. 29 Holders of rec. Feb. 23
Common (extra)
2
Mch. 1 Holders of rec. Feb.17a
Blackstone Valley Gas & Elec., corn
14 Itch. 1 Holders of rec. Feb.17a
Preferred (guar.)(No. 13)
134 Mch. 15 Holders of rec. Mch. 5
Bordene Cond. Milk, pref. (qu.)(No. 41)_
April 1 Holders of rec. Mch. 18
Brooklyn Union Gas (guar.) (No. 44) __
% Mch. 1 Holders of rec. Feb.ira
Butterick Co. (quar.)
Mch. 1 Holders of rec. Feb. 15
Columbus (0.) Gas dr Fuel, corn. (quar.)_
14 Itch. 15 Holders of rec. Feb.14a
Consolidated Gas of New York (guar.)._
Feb. 28 Feb. 8 to Feb. 20
60
Continental 011 '
1% Itch, 1 Feb. 19 to Mch.. 1
Deere-& Co., pref. (guar.)
14 Mch. 15 Holders of rec. Feb.29a
Diamond Match (gear.)
Mch. 15 Holders of rec. Feb.29a
1
Extra
14 Feb. 20 Feb. 14 to Feb. 20
Fay (J. A.) & Egan, pref. (guar.)_
Federal Mining dc Smelling, pref. (guar.). 134 Mch. 15 Holders of rec. Feb. 24
Federal Utilities, Inc., pref. (uu.)(No. 3) 14 Mch. 1 Holders of rec. Feb.15a
Mch. 30 Mch. 1 to Mch. 31
Galena-Signal Oil, common
$4
Mch. 31
Melt. 30 Mch. 1 to
Preferred (Suer.)
$2
14 Mch. 1 Holders of ree. Feb.14a
General Asphalt, pref. (gear.) (No. 19)_ _
General Chemical, common (gear.)
14 March 1 Holders of rec. Feb.19a
Preferred (guar.)
154 April 21 Holders of rec. Mch. 21
General Electric (guar.)
April 15 Holders of rec. Itch. 2a
2
Great Northern Paper (guar.)
14 Melt. 1 Feb. 24 to Itch. 1
Greene Cananea Copper(No. 1)
25e. filch. 1 Feb. 12 to MO]. 1
Harbison-Walker Re/rectories, corn. (gu.)..
34 Melt. 1 Holders of rec. Feb. 17
Homestake Mining (monthly) (No. 447).. 50e. Feb. 26 Feb. 21 to Feb. 26
Internat. Harvester, pref. (qu.) (No. 20) 14 Itch. 1 Holders of rec. Feb.10a
International Nickel, corn. (Guar.)
Mch, 1 Feb. 14 to Mch. 1
5
Internat. Smelt. & Ref. (guar.)
Melt. 1 Feb. 24 to Itch. 1
2
Kings Co. Elec. L. de Pow.(qu.)(No. 48)_
2
Melt. 1 Holders of rec. Feb. 16
Lehigh Coal & Navigation (guar.)
Feb. 29 Holders of rec. Jan.31a
$1
14Ogett & Myers Tobacco, pre/
131 April 1 Feb. 16 to Mch. 11
Mahoning Investment_
14 Mch. 1 Holders of rec. Feb.23a
May Department Stores, corn. (gear.)... 1
bleb. 1 Holders of rec. Feb. 15
Michigan State Telephone, corn. (guar.) 154 Mch. 1 Feb. 16 to Itch. 1
Common
Apr. 10
7-12e Mch. 30 Meh. 16 to
Preferred (guar.)
he Mch. 30 Mch. 16 to
Apr. 10
Nat. Biscuit, cont. (guar.)(No. 54)
154 April 15 Holders of rec. Meh.28a
Preferred (guar.)(No. 56)
14 Feb. 29 Holders of rec. Feb.16a
14 Mch. 15 Feb. 17 to Feb. 22
National Lead, pref. (guar.)
1
New York & Richmond Gas
Feb. 8 Holders of rec. Feb. 5a
Niles-Bement
-Pond, common (gear.) _ _ _. 14 Mch. 20 Mch. 13 to Itch. 20
I% April 1 Holders of rec. Meh.21a
North American Co.(guar.)
14 Feb. 26 Jan. 21 to Feb. 12
People's Gas Light dr Coke (guar.)
14 Mch. 15 Holders of rec. Feb.17a
Philadelphia Electric (guar.)
14 Feb. 29 Feb. 19 to Feb. 29
Pittsburgh Brewing, pref. (guar.)
14 Mch. 1 Holders of rec. Feb.16a
Pittsburgh Steel, preferred (gear.)
14 April 1 Feb. 21 to Mch. 12
P. Lorillard, preferred
Feb. 21 Feb. 1 to Feb. 20
Pressed Steel Car, pref. (gear.)(No. 52)_
Pure Oil, common (guar.)
24 Mch. 1 Feb. 2 to Feb. 29
24 April 15 Holders of rec. April la
Quaker Oats, common (quar.)
Preferred (guar.)
114 Feb. 29 Holders of rec. Feb. la
Preferred (quar.)
134 May 31 Holders of rec. May its
Itch. 25 Holders of rec. Mob. la
$1
Quincy Mining (guar.)
Itch. 1 Feb. 16 to Mch. 1
$6
Southern Pipe Line
Mch. 15 Holders of rec. Feb. 19
$5
Standard Oil of N. J. (guar.)
14 Itch. 1 Holders of rec. Feb. 15
Studebaker Corporation, pref. (guar.)._
$1.50 Feb. 20 Holders of rec. Jan.31a
Tennessee Copper
154 Mch. 1 Holders of rec. Feb. 26
United Cigar Mfrs, pref. (quar.)
United Dry Goods Companies, pref. (guar.) 14 Mch. 1 Holders of rec. Feb. 24
34 Mch. 1 Feb. 15 to Mch. 8
U. S. Envelope, preferred
March 30 Mch. 2 to Itch. 12
U. S. Steel Corp., corn. (qu.) (No. 33)..
14 Feb. 28 Feb. 6 to Feb. 28
Preferred (guar.) (No. 43)
a Transfer books not closed for this dividend. b Less income tax. d Correction.
e One month's dividend on common and two months' dividend on preferred incident
-M. 30. / Two months' dividend incident to
to change in dividend periods to Q.
-M. 1 for pref.
-M. 15 for the common stock and Q.
change of dividend periods to Q.
131
A
134
A
154
134
Railroads (Steam).
Alabama Great Southern, preferred...-.
Ateh. Top. & S. Fe, corn. (ar.) (No. 27)
Atlantic Coast Line Co.. Conn.(guar.)._
Baltimore &Ohio, common
Preferred
Boston & Albany (guar.)
Boston & Maine, common (guar.)
Preferred
Canadian Pacific, coin.(qu.)(No. 63)_ _
Preferred
Chesapeake & Ohio (quar.).
Chestnut Hill (guar.)
Chicago Milw. & St. Paul, common
Preferred
Chic. St. Paul Minn. & Om.. com.dc pref_
Cin. N. 0. & Tex. Pew., pre/. (guar.)-_
Cleve. & PIttsb., reg. guar.(quar.)
Special guaranteed (gear.)
Cripple Creek Cent., pref. (qu.) (No. 25)
Delaware & Bound Brook, guar. (guar.).
Delaware dr Hudson Co. (guar.)
Ft. Worth & Denver City, stamped stock _ _
Grand Trunk, third preference
Illinois Central (No. 1I.4)_
Lehigh Valley, corn. & pref. (extra)___ _
N. Y. Chicago & St. Louis. common
First and second preferred_
New York New Haven & Hartford (grear.)_
Norfolk & Western, adj. pref.(guar.)---Common (guar.)
North Pennsylvania (guar.)
Oswego & Syracuse..
Pennsylvania (guar.)
Phila. Germ,& Norristown (guar.)
PU1.0. Youngs. & Ashur., com.&pl.(gu.)
Reading Co., let pref. (gear.)
Southern Pacific (guar.) (No. 22)
Southern Railway, preferred
Union Pacific, common (gear.)
Preferred
Street and Electric Railways.
American Railways (guar.)
Brock. & Plymouth St. By., pre/.(No. 6)..
BrooklynRapid Transit (quar.)
Chicago Elevated Rys., pref. (guar.)
Chippewa Valley By., L.&P. pre' (qu.).
Columbus (O.) By., corn. (qu.)(No. 35)..
'
Detroit United Ity. (guar.)
Duluth-Superior Trac., corn. (quar.)
Preferred (gear.)
Federal Light & Trac., pref. (guar.)
Georgia Ity. & Electric, common (gear.).
Northern Ohio Trac. & Light, corn. (guar.)
Philadelphia Company, preferred_
Portland (Ore.) lty..L.&P. (qu.) (No. 5)
Rochester Ity. & Light, pref. Omani__
St. Jos. Ry.,L.,H.& P.,com.(gu.) (No.19)
Susquehanna Ity., Light & Power, pref
Terre Haute Trac. .,8 Light, pre'
Twin City R. T., Itinneap., corn. (guar.)
Preferred (guar.)
Washington lty. & Elec., corn. (guar.)..
Trust Companies.
Citizens, Brooklyn
..
Miscellaneous.
Adams Express (gmar.)
Amalgamated Copper (quar.)
American Coal
American Express (guar.)
Amer. Pneumatic Strvice, first pref.
Second preferred.
American Radiator, common (guar.)
Common (extra)
Common (payable In common stock)._
Amer. Sm. & Ref., corn. (special)(No.39)
Preferred (No. 51) (special)
. Amer. Sugar Rel., com. dc pref.(quar.)__
American Tobacco, Pref. (gear.)
Amer. Writing Paper, preferred_
Feb. 24 Holders of rec. Feb. Se
13 Mob, 1 Holders of rec. Jan.31a
Mch, 9 Feb. 28 to Mch. 8
3
Itch. 1 Holders of rec. Feb. la
3
Mch. 1 Holders of rec. Feb. la
2
Mch. 31 Holders of rec. Feb.29a
2
April 1 Holders of rec. MM. la
1
Itch. 1 Holders of rec. Feb.15a
3
24 April 1 Holders of rec. Melt. 1
April 1 Holders of rec. Melt. 1
2
13 Melt. 30 Holders of rec. Mch. 8a
13 Mch. 4 Feb. 21 to Mch. 3
2% Mch. 1 Holders of rec. Feb. 5a
33. Mch. 1 Holders of rec. Feb. 5a
33. Feb. 20 Holders of rec. Feb. 2a
Mch. 1 Holders of rec. Feb.24a
Mch. 1 Holders of rec. Feb.10a
Mch. 1 Holders of rec. Feb.10a
1
1
March 1 Holders of rec. Feb. 17
2
Feb. 20 Feb. 10 to Feb.19d
24 Melt. 20 Holders of rec. Feb.26a
Feb. 20 Feb. 11 to Feb. 20
4
1
34 Itch. 1 Holders of rec. Feb. la
Feb. 26 Holders of rec. Jan.19a
10
Itch. 1 Holders of rec. Feb. 2a
3
24 Mch. 1 Holders of rec. Feb. 2a
Mch. 30 Holders of rea. filch. 9a
2
Feb. 19 Holders of rec. Jan.31a
1
Mch. 18 Holders of rec. Feb.29a
2
Feb. 26 Feb. 15 to Feb. 20
44 Feb. 21 Holders of rec. Feb.10a
14 Feb. 29 Holders of rec. Feb. 5a
MO, 4 Feb. 21 to Mch. 3
3
14 Itch. 1 Holders of rec. Feb.20a
1
Itch. 14 Holders of rec. Fe.b.26a
14 Apr.
I Melt. 6 to
Apr. 3
2
April 24 Holders of rec. Mch.30a
1 Holders of rec. Itch. 2a
24 Apr.
1 Holders of rec. Itch. 2a
Apr.
2
131
131
134
14
3
14
154
14
14
14
14
1
134
2
1
24
1
134
4
24
3
134
131
1
Veit. 15 Holders of rec. Itch. 1
Itch. 15 Holders of rec. Itch. 2a
1 Holders of rec. Mch. 9a
Apr.
Mch. 1 Holders of rec. Feb. 23
Melt. 1 Holders of rec. Feb.29a
Itch. 1 Holders of rec. Feb.15a
March 1 Holders of rec. Feb. 14
1 Holders of rec. Mch. 15
Apr.
1 Holders of rec. Mch. 15
Apr,
Itch. 1 Feb. 16 to Itch. 1
Feb. 20 Holders of rec. Feb.10a
Melt. 15 Holders of rec. Feb.29a
Itch. 1 Holders of rec. Feb.10a
March 1 Holders of rec. Feb. 12
Mch. 1 Holders of rec. Feb.23a
Itch. 1 Holders of rec. Feb.15a
March 1 Feb. 16 to Feb. 29
Feb. 29 Feb. 20 to Feb. 29
April 1 Holders of rec. Mch.1 la
April 1 Holders of rec. Meh.15a
Melt. 1
3
Itch.
Mch.
34 Feb.
Itch.
3
April
3
34 Mch.
1
Itch.
Mch.
2
2
Mch.
10p
Mch.
2-3 / Mch.
1 1-6 / Mch.
14 April
14 April
April
$1
$3
1 Feb. 21
to
Feb. 29
1 Feb. 15 to Feb. 29
26 Holders of rec. Jan.27a
I Holders of rec. Feb.29a
1 Holders of rec. Feb.29a
30 Holders of rec. Mch. 15
1 Holders of rec. Feb. 3
30 Mch. 22 to Mch. 30
30 Mch. 22 to Mch. 30
30 Mch. 22 to Mch. 30
15 Feb. 24 to Mch. 3
1 Feb. 15 to Feb. 22
2 Holders of rec. Mch. 1
1 Feb. 22 to Bich. 13
1 Holders of rec. Mch.15a
-The clearings for the week endCanadian Bank Clearings.
ing Feb. 10 at Canadian cities, in comparison with the same
week of 1911, shows an increase in the aggregate of 24.2%.
Week ending February 10.
Clearings at
1912.
CanadaMontreal
Toronto_
Winnipeg
Vancouver
Ottawa _
Quebec
Halifax
Hamilton
St. John
London
Calgary
Victoria
Edmonton
Regina
Brandon
Lethbridge
Saskatoon.
Brantford
Moose Jaw
Fort William
Total Canada
$
42,272,320
35,973,372
25,152,165
10,749,267
4,818,588
2,883,121
2,004,166
2,494,954
1,722,758
1,549,785
4,207,778
3,035,052
4,208,745
1,929,323
499,825
572,665
1,764,436
'477,932
869,167
603,855
1911.
Inc. or
Dec.
1910.
1909.
$
$
$
%
90,580,044
+4.2 36,641,395 32,408,925
+9.5 28,827,974 23,154,920
32,883,187
14,955,679 +68.2 13,412,119 10,305,360
8,776,997 +22.5 7,421,237 9,006,565
3,408,732 +41.3 3,186,968 2,938,176
2,284,393
2,391,553 +20.6 1,987,251
1,570,592 +27.6 1,719,349 1,68.5,307
1,636,066 +52.4 1,455,999 1,313,862
1,366,949 +26.1 1,569,389 1,167,177
1,051,399
1,171,330 +32.3 1,274,459
2,722,009 +57.9 2,207,893 1,418,605
1,033,060
2,197,504 +38.1 1,540,084
819,447
1,608,452 +161.6 1,127,183
639,780
810,669 +138.0
450,794 +10.9
385,673 +48.5
776,631 +127.2
431,391 +10.8
Not Include d in tot at
Not Include d In tot at
146,406,241 118,124,247 +23.9 102,996,079 83,587,196
-Among other securities, the following, not
Auction Sales.
usually dealt in at the Stock Exchanges, were recently sold at
auction in New York, Boston and Philadelphia:
By Messrs. Adrian H. Muller & Sons, New York:
Per cent.
Shares.
61,170 The Peregrina Mg. dr Mill.
Co., corn., $10 each .10c. per sh.
.
1,717 Pinguico Mines Co., corn.,
10c. per sb.
$10 each
10 Mexican Mill & Trans. Co.,
$10 per sh._
preferred
12,6944 Mex. Mill. dr Trans. Co.,
10c. per sh.
corn., $10 each
30 Tombstone Coss. Mines Co.,
Ltd., $10 each
5e. per sh.
80 Imperial Copper Co., $10
Sc. per eh.
each
5 Guanajuato Reduc. & Mines
$10 per sh.
Co
7 Guanajuato Dev. Co., pref.,
$20 per eh.
Per cent.
Shares.
7,24554 Guanajuato Derel. Co.,
50e. per sh.
common
5 42d St. & Grand St. Fy. It.R.28534
10 Atlan. Fruit & SS. Co. temp.
254
ctfs
40 Central Associates Co. of
1
New York
26 Donald SS. Co., pref., with
59
18 shares of corn. as bonus
2803-4
4 Lawyer's Mtge, Co
204
6 Albany Southern RR. Co
Percent,
Bonds.
$11,000 Am. Silk Co., 1st 6s, June
1911
52
$16,000 Rex Carbon Coal Co. 1st 6s,
Dec. 1009 coupons on
$2,150
By Messrs. R. L. Day & Co., Boston:
S per sh. Shares.
$ per sh.
Shares.
17734 1 Heywood Bros. & Wakefield Co.,
5 Androscoggin Mills
common
115
10 Massachusetts Cotton Mills
12434
5 American Glue Co.. prof
3800
1 Pacific Mills, $1,000 par
14734
Percent.
2 Naumkeag Steam Cotton Co _...150)i Bonds.
1 Wamsutta Mills, New Bedford_ _135% £1,000 Lowell Law. & Hay. St. Ry.
_ _105 & let
1923 ______
1st 58,
25 Pepperell Mfg. Co__ __ ..... _286-2864
40
1,000 Elec. Securities Corp.. 6th
10 Merrimack Mfg. Co., corn
9934 & int.
ser. 5s, 1939
1594
2 Con. & Mont. RR., class 1
1304 1,000 Eastern SS. Co., 1st 5s, 1927,
2 Massawippi Vail. RR. Co
1004 & int.
38 Massachusetts Lug. Cos_ _ _ .124-1244
240 Cumberland Tel. & Tel. let
1 Columbian Nat. Life Ins. Co._ _ _120
100 fiat
5s, 1937
468
THE CHRONICLE
By Messrs. Francis Henshaw & Co., Boston:
-
DETAILED RETURNS OF TRUST COMPANIES.
Shares.
$ per sh. Shares.
$ per sh.
7 Atlantic Cotton Mills
4 Lowell El. Light Co
425
2153
5 Pepperell Mfg. Co
286%
12 Bates Manufacturing Co.......260
21 Bigelow Carpet Co
1723. Bonds.
Per cent.
1 Ware River RR. Co
176
$2,000 Dover White Marble Co. 1st
2 Wilton RR
144H
Is, 1928
$250 lo
t
6 Boston It. E.Trust, $1,000 each,
3,200 Colonial Copp. Co. 1st 55,
1,165 fiat
1929
$250 lot
By Messrs. Barnes dc Lofland, Philadelphia:
Shares.
$ per sh.
50 Luhrlg Coal Wash. & Mfg. Co_ 20
15 The National Ry. Pub. Co... _ 52
5 Girard Fire Ins. Co
280
21 First National Bank
2333
5 Girard National Bank
403
7 Manufactnrers' Nat. Bk _ _125-125H
10 Penn Nat. Bank, $30 each.. _ _200
10 Commercial Trust Co
410
35 Continental Title & Tr. Co., $25
paid
51-514
26 Girard Trust Co
1000-1002
20 Logan Trust Co
141-1414
20 North Phila. Trust Co., $50
each
106
10 Real Estate Tr. Co., pref
_ 95
50 West End Trust Co., $50 each_112
25 Delaware Ins. Co., $10 each... 25
__
85 People's Nat. Fire Ins. Co.,$25
each
2531
42 Second & 3d Sts. Pass. By__ ..252
13 Union Passenger Ry
203
40 Camden & Burl. Co. RR., $25
each
383(
1 Western National Dank..
124
100 Chattanooga Ry. & Lt. Co.,
common
52%
5 Phila. Germant. & Norris. RR.150H
10 John B. Stetson Co., pref
_ _121
16 John B. Stetson Co., com_440-441 3-6
10 Amer. Pipe & Construe. Co__
90
57 Nor. Liberties Gas Co.,$25 each 4334
Shares.
8 per sh.
25 Assets Realization Co
105
ii Phila. Life Ins. Co., $10 each.. 11
250 U. S. Loan Society, $10 each
15
20 Phila. Bourse, pref., 825 each. 83.
44 Phila. Bourse, corn., $50 each,
4%-44
64 Riverside Trac. Co., asst., unpaid
120 Standard Roller Bearing Co.,
common
7
45 Rights to subscribe to Camden
Fire Insur. Association
234
Bonds.
Per cent.
$5,000 Frankford Tacony& Holmesburg 1st Is
9534
1,000 R. E. Title I. & T. Co., ser.
Q 4s, 1919
91
5,000 Columbia Pow. Lt. & Rys.
Co. Is, 1039..25
1,000 Springfield Water Co. Is,
1926
100
1,000 No. Spring. Wat. Co. Is,
1928
100
600 Perkiomen RR. 1st ser. Is
1918
10.1 4-10534
3
100 Sun. Has. & Wilkes-Barre
ser. A. Is, 1928
10134
1,500 Clear. & Jeff. RR. 1st Gs,
1927
117%
5,000 New Jersey Gas Co. 1st Is,
1940
75
By Messrs. Samuel T. Freeman dc Co., Philadelphia:
Shares.
$ perish.
25 Chic. & Nor. Pacific RR
$1 lot
10 Jollet Water Works
$1 lot
15 Glens Falls T. C. & Brick Co...15 lot
5 Land & River Impt. Co
$1 lot
100 Mantes Carved Molding Co._ ..81 lot
5 Nonpareil Cement Co
$1 lot
500 Real Eat. Inv. Co. of Phila.... _31 lot
6 United Electric Co
$1 lot
20 Prudential Loan Society
1234
10 Pennsyl. Fire Ins. Co
4054
5 Steel Pier Co. (Atlantic City) _250%
11 U. S. Loan Society
15
Bonds.
Per cent.
$5,000 Clear. & Jeff. 1st (is, 1927_11734
$5,000 Philadelphia 3s, 1914
9734
$3,000 Harrison Bros. & Co. 1st Is
1924
8334
$3,000 Phila. Suburb. Gas & Elec.
1st Is, 1960.
9234
84,000 Syracuse Gas 1st Is,'46_10234-103
85.000 SerantonElec.Co. let Is,'37.1024
$200 Springfield Water 58, 1926_ _ _100
$200 Nor. Spgfd. Water Is, 1928..100
Statement of New York City Clearing-House Banks and
Trust Companies.
-The detailed statement below shows the
condition of the New York City Clearing-House members
for the week ending Feb. 10. The figures for the separate
banks are the averages of the daily results. In the case of
the totals, actual figures at the end of the week are also given.
For definitions and rules under which the various items are
made up, see "Chronicle," V. 85, p. 836, in the case of the
banks, and V. 92, p. 1607, in the case of the trust companies.
DETAILED RETURNS OF BANKS.
We omit two ciphers (00) in all cases.
Banks.
003 omitted.
Bank of N. Y.
Manhattan Co.
Merchants' __ Mech.& Metals
America
City
Chemical
Merchants' Ex
Gallatin
Butch. & Drov
Greenwich
Amer. Exch..
Commerce _ _
Mercantile _ _ _
Pacific
Chat. & Men'
People's
Hanover
Citizens' Cent.
Nassau
Market & Fult
Metropolitan _
Corn Exchange
Imp.&Traders
Park
East River _ _
Fourth
Second
First
Irving Exch..
Bowery
N. Y. CountyGerman-Amer.
Chase
Fifth Ave....
German Exch.
Germania __
Lincoln
Garfield
Fifth
Metropolis
West Side_ _
Seaboard.....
Liberty
N. Y. Prod.Ex
State
Security
Coal & Iron
Union Exch._
Nassau, Bklyn
Capital. Surplus.
2,000,0
2,050,0
2,000,0
6,000,0
1,500,0
25,000,0
3,000,0
600,0
1,000,0
300,0
500,0
5,000,0
25,000,0
3,000,0
500,0
2,250,0
200,0
3,000,0
2,550,0
500,0
1,000,0
2,000,0
3,000,0
1,500,0
5,000,0
250,0
5,000,0
1,000,0
10,000,0
2,000,0
250,0
500,0
750,0
5,000,0
100,0
200,0
200,0
1,000.0
1,000,0
250,0
1,000,0
200,0
1,000,0
1,000,0
1,000,0
1,000,0
1,000,0
1,000,0
1,000,0
1,000,0
$
3,774,?
4,697,1
1,970,4
8,382,4
6,208,4
26,668,4
6,920,4
607,0
2,518,0
147,1
898,4
4,474,2
15,893,4
2,754,4
942,.
1,232,1
463,
12,952,4
1,914,6
628,9
1,808,5
1,645,6
5,494,
7,690,2
12,990,0
96,7
5,845,2
2,329,4
21,984,4
1,963,9
803,6
1,781,
732,9
8,704,5
2,159,5
887,9
1,042,9
1,663,6
1,252,6
538,6
2,155,8
1,018,3
2,103,9
2,770,6
801,6
970,9
478,4
464,0
993,6
1,065,1
Loans.
Average.
$
21,031,0
36,100,0
22,282,0
57,659,0
30,664,0
181,948,0
29,390,0
7,028,0
9,052,0
2,040.0
8,645,0
44,750,0
148,183,0
14,999,0
4,404,0
16,242,0
1,873,0
77,771,0
23,907,0
10,385,0
9,210,0
10,723,0
49,044,0
27,148.0
93,238,0
1,603,0
36,300,0
14,497,0
123,623,0
25,862,0
3,341,0
8,303,0
4,340,0
94,261,0
13,479,0
3,334,0
5,407,0
14,406,0
9,293,0
3.522,0
12,733,0
4,210,0
25,583,0
19,972,0
8,280,0
15,215,0
10,932,0
6,241,0
9,730,0
7,902,0
830,0
1,488,0
1,614,0
2,066,0
2,070,0
7,820,0
2,102,0
178,0
413,0
71,0
180,0
3,572,0
8,695,0
1,152,0
499,0
1,365,0
147,0
5,443,0
622,0
794,0
1,065,0
229,0
5,643,0
1,845,0
1,571,0
104,0
3,456,0
129,0
2,269,0
2,281,0
66,0
714,0
221,0
6.665,0
995,0
450,0
154,0
1,279,0
371,0
501,0
1,401,0
273,0
2,507,0
1,047,0
457,0
348,0
1,017,0
568,0
1,232,0
265,0
18,908,0
40,700,0
23,294.0
56,570,0
32,303,0
195,060,0
26,771,0
7,139,0
7,373,0
2,188,0
9,970,0
45,063,0
133,215,0
11,898,0
3,972,0
16,349,0
2,375,0
86,885,0
23,552,0
12,768,0
9,204,0
10,671,0
57,809,0
25,115,0
100,696,0
1,910,0
39,538,0
14,509,0
123,455,0
27,941,0
3,516,0
8,539,0
4,250,0
115,875,0
15,382,0
3,505,0
6,319,0
15,139,0
9,747,0
3,512,0
13,032,0
4,678,0
30,465,0
21,021,0
10,178,0
21,024,0
14,114,0
6,390,0
10,027,0
8,501,0
25.5
24.0
25.3
25.4
25.2
34.0
25.9
24.3
25.5
24.6
25.0
25.6
28.9
25.0
22.3
25.5
25.0
25.0
25.5
27.4
26.4
25.4
25.0
25.6
25.9
25.6
27.7
25.8
27.8
25.6
25.5
25.0
26.4
31.5
25.8
25.0
25.0
26.9
26.7
25.3
25.7
24.2
26.3
25.4
25.9
25.0
25.4
25.0
25.5
25.1
Totals, Avge_. 135,150,0 198,340,6 1420,091,0 331,896,0 80,544,0 1492,415,0
27.6
Actual figures Feb. 10
1417,975,0 323,558,0 82,001,0 1483,449,0 27.3
Cirodation.-On the basis of averages, circulation of national banks in
Clearing House amounted to 450,808,000, and, according to actual figures the
was
$51,054,000.
On Dep.
Net
Trust Cos. Surplus. Loans. Specie. Legals. with C.H Deposits. Reserve.
005 omitted.
Average. Average. Average. Banks. Average.
$
$
4
$
$
$
%
Manhattan ___ 2,252,1 16,812,0 1,913,0
100,0 3,161,0 13,215,0 15.2+19.3
Brooklyn
2,414,7 17,252,0 1,642,0
410,0 5,146,0 13,085,0 15.6+28.0
Bankers
13,518,4 124,454,0 14,515,0
250,0 15,840,0 98,201,0 15.0+13.8
U. S. Mtg.,Sz Tr 4,502,2 41,766,0 3,285,0
640,0 6,837,0 26,190,0 15.0+20.4
1,139,4 15,617,0 1,589,0
Astor
205,0 1,792,0 11,437,0 15.6+10.2
Title Gu. & Tr_ 11,714,4 33,424,0 1,346,0 1,371,0 5,260,0 17,792,0 15.2+22.1
22,888,1 167,013,0 14,470,0 1,333,0 14,851,0 98,909,0 15.9+13.0
Guaranty
Fidelity
1,283,4 7,444,0
602,0
238,0
778,0 5,405,0 15.5+10.7
LawyersT.L&T 6,171,5 19,854,0 1,459,0
784,0 1,766,0 14,718,0 15.2+10.6
Columbia..... 1,893,6 20,838,0 1,990,0
80,0 1,549,0 13,635,0 15.7+10.2
Standard
1,411,2 15,395,0 2,019,0
49,0 2,422,0 13,537,0 15.2+15.1
People's
1,696,7 16,118,0 1,651,0
557,0 2,830,0 14,559,0 15.1+15.9
New York.... 11,572,3 47,488.0 4,871,0
150,0 4,016,0 33,289,0 15.7+10.7
Franklin
1,360,8 11,781,0 1,259,0
360,0 1,317,0 10,481,0 15.4+10.8
Lincoln
550,1 10,287,0 1,303,0
228,0 1,298,0 9,543,0 16.0+11.9
Metropolitan
6,122,3 25,927,0 2,742,0
14,0 2,901,0 18,147,0 15.1+13.7
Totals, Avge
90,491,2 591,470,0 56,656,0 6,775,0 71,764,0 412,143,0 15.3+14.8
Actual figures Feb. 10_ 600,092,0 58,849,0 6,679,0 62,993,0 417,386,0 15.6+13.1
The capital of the trust companies Is as follows: Manhattan, 31,000,000; Brooklyn,
$1,000,000; Bankers, $5,000,000; United States Mortgage & Trust, $2,000,000;
Astor, $1,250,000; Title Gwarantee & Trust, $4,375,000; Guaranty, $5,000,000;
Fidelity, $1,000,000; Lawyers' Title Insurance & Trust, $4,000,000; Columbia,
$1,000,000; Standard, $1,000,000; People's, $1,000,000; New York, $3,000,000;
Franklin, $1,000,000; Lincoln, $1,000,000; Metropolitan, $2,000,000; total,
434,625,000.
SUMMARY COVERING BOTH BANKS AND TRUST COMPANIES.
Week
ending
Feb. 10
Capital. Surplus.
Loans.
Specie.
On Dep.
Legal , th C.H.
Net
Tenders. Banks. Deposits.
Averages.
$
$
4
$
$
$
$
Banks ___ 135,150, 198,340,6 1,420,091,1331,896,0 80,544,0
1,492,415,0
Trust cos_ 34,625,0 90,491,2 591,470,1 56,656,0 6,775,0 71,764,0 912,143,0
Total... 169,775,0288,831,82,011,561,0388,552,0 87,319,0 71,764,01,909,558,0
Actual.
Banks
1,417,975,0323,558,0 82,001,0
1,483,949,0
Trust cos_
600,092,0 58,849,0 6,679,0 62,943,0 417,386,0
2 018,067,1382,407,0 88,680,0 62,943,01,900,835,0
Total_
The State Banking Department also furnishes weekly
returns of the State banks and trust companies under its
charge. These returns cover all the institutions of this class
in the whole State, but the figures are compiled so as to
distinguish between the results for New York City (Greater
New York) and those for the rest of the State, as per the
following:
For definitions and rules under which the various items
are made up, see "Chronicle," V. 86, p. 316.
STATE BANKS AND TRUST COMPANIES.
Week ended Feb. 10,
Specie. Legals. Net Depos- ReAverage. Average. its, Aver. serve,
$
3,982,0
8,281,0
4,295,0
12,342,0
6,086,0
58,655,0
4,857,0
1,558,0
1,471,0
470,0
2,315,0
7,981,0
29,920,0
1,812,0
389,0
2,810,0
445,0
16,235,0
5,494,0
2,704,0
1,373,0
2,485,0
8,826,0
4,585,0
24,306,0
385,0
7,501,0
3,621,0
32,137,0
4.883,0
833,0
1,428,0
903,0
29,844,0
2,974,0
426,0
1,427,0
2,795,0
2,233,0
390,0
1,971,0
862,0
5,510,0
4,221,0
2,182,0
4,888,0
2,572,0
1,026,0
1,333,0
1,874,0
Lxxxxiv.
Capital as of Sept. 29_ __
Surplus as of Sept. 29._ _ _
Loans and Investments__
Change from last week_
State Banks
Trust Cos.
State Banks
Trust Cos.
in
in
outside of
outside of
Greater N. Y. Greater N. Y. Greater N. F. Greater N. F.
$
22,771,000
$
61,956,000
38,568,700
174,752,800
11,956,214
11,378,230
292,218,000 1,116,539,200
+2,846,500 +13,108,600
103,703,800
+90,800
158,916,700
+270,100
110,470,100
-140,400
170,835,100
+1,300,100
26,548,100
+617,600
+IN
16.75
16.4%
Specie
Change from last week
53,462,700
-826,800
22,192,600
+179,400
$
9,525,000
113,749,000
-592,400
Legal tenders & bk. notes
Change from last week_
$
9,417,974
11,236,400
-274,000
Deposits
Change from last week.
348,325,400 1,265,869,400
+2,030,000 +5,837,300
Reserve on deposits
Change from last week_
98,663,700
-620,100
136,909,600
-942,300
22,317,300
+170,800
P.C. reserve to deposits_
Percentage last week._
29.2%
29.6%
17.2%
17.2%
21.5%
21.3%
+ Increase over last week. -Decrease from last week.
Note.-"Surplus" includes all undivided profits. "Reserve on deposits" includes
for both trust companies and State banks, not only cash items but amounts due
from reserve agents. Trust companies in New York State are required by law to
keep a reserve proportionate to their deposits, the ratio varying according to location as shown below. The percentage of reserve required is computed on the
aggregate of deposits, exclusive of moneys held in trust and not payable within
thirty days, and also exclusive of time deposits not payable within thirty days,
represented by certificates , and also exclusive of deposits secured by bonds or
obligations of the State or City of New York, and exclusive of an amount equal to
the market value (not exceeding par) of bonds or obligations of the State or City
of New York owned by the bank or held in trust for it by any public department.
The State banks are likewise required to keep a reserve varying according to location, the reserve being computed on the whole amount of deposits exclusive of time
deposits not payable within thirty days, represented by certificates (according
to the amendment 01 1010), and exclusive of deposits secured (according to amendment 01 1011) by bonds or obligations of the City or State of New York, and exclusive of an amount equal to the market value (riot exceeding par) of bonds or
obligations of the State or City of New York owned by the company or held in trust
for it by any public department.
-Trust Cos.-Stale Banks
Reserve Required for Trust Companies
Total
01
01
Total
and State Banks.
Reserve
which Reserve
which
LocationRequired. in Cash. Required. in Cash.
Manhattan Borough
15%
15%
25%
15%
Brooklyn Borough (without branches in Manhat.) 15%
10%
20%
10%
Other Boroughs(without branches in Manhattan) 15%
10%
15%
734%
Brooklyn Borough, with branches in Manhattan.
15%
20%
20%
.11%
Other Boroughs, with branches in Manhattan__..15%
15%
15%
15%
Elsewhere in State
10%
6%
5%
15%
The Banking Department also undertakes to present separate figures indicating the totals for the State banks and
trust companies in the Greater New York not in the Clearing
House. These figures are shown in the table below, as are
also the results (both actual and average) for the Clearing-
469
THE CHRONICLE
FEB. 17 1912.1
Boston and Philadelphia Banks.
-Below is a summary of
House banks and trust companies. In addition, we have
combined each corresponding item in the two statements, the weekly totals of the Clearing-House banks of Boston
thus affordin* an aggregate for the whole of the banks and and Philadelphia:
trust companies in the Greater New York.
We omit two ciphers (00) in all these figures.
NEW YORK CITY BANKS AND TRUST COMPANIES.
Capital
and
Loans.
Surplus.
Banks.
Clear.
-House Clear.-House State Banks & Total of all
Week ended Feb. 10- Members,
Members. Trust Cos. not Banks &Trust
ActualFigures
Average. in C.
-H. Aver. Cos. Average.
$
Nat. Banks1
Capitali Dec. 5 and i
State Banks
Surplus
Dec. 21
$
$
$
169,775,000
169,775,000
34,652,000
204,427,000
288,831,800
288,830,800
93.130.300
381,961,100
Loans and investments 2,018,067,000 2,011,561,000
Change from last week +10,329,000 +13,154,000
595,643,400 2,607,204,400
+7,125,300 +20,279,300
Deposits
1,900,835,000 1,904,558,000
Change from last week -5,588,000
+2,664,000
a593,435,900 2,497,993,900
+9,621,100
+6,957,100
Specie
Change from last week
382,407,000
-7,287,000
388,552,000
-2,841,000
62,652,500
-135,000
451,204,500
-2,976,000
Legal-tenders
Change from last week
88,680,000
+1,544,000
87,319,000
-1,617,000
510,998,600
+13,600
98,317,600
-1,603,400
Banks: cash In vault
Ratio to deposits _.::
405,559,000
27.33%
412,440,000
27.63%
12,133,800
14.11%
424,573,800
Boston.
Dec. 23
Dec. 30
Jan. 6
Jan. 13
Jan. 20
Jan. 27
Feb. 3
Feb. 10
Philadelphia.
Dee.23
Dec. 30
*Jan. 6
Jan. 13_
Jan. 20
Jan. 27
Feb. 3
Feb. 10
Specie. Legals. Deposits. Circu- Clearings
a
lation.
$
41,350,0 219,681,0 26,166,0 4,120,0 264,493,0
41,350,0 218,368,0 25,279,0 4,427,0 260.597,0
41,575,0 218.114,0 26,151,0 4,567,0 274,374,0
41,575,0 214,572,0 28,718,0 4,521,0 273,003,0
41,575,0 221.442,0 30,290,0 4,090,0 284,532,0
41,575,0 224,175,0 31,076.0 4,175,0 284.919,0
41,575,0 230,296,0 30,778,0 4,131,0 294,214,0
41,575,0 232,768,0 29,410,0 3,842,0 281,582,0
60,105,0 266,460,0
60,105,0 266,329,0
80,623,2 321.770,0
80,623,2 337,976,0
80.623,2 339,021,0
80,623,2 373.337.0
80,623,2 376.436,0
80,623,2 379,907,0
71,250,0
73,094,0
88,596,0
91,491,0
93,396,0
104,294,0
106,911,0
102,404,0
$
7,622,0 172,584,1
7,732,0 132,649,7
7,746,0 212,145,6
7,733,0 185,065,3
7,810,0 198,427,5
7,897,0 161,523,9
7,913,0 206,851,6
7,926,0 166,816,6
318,161,0 15,481,0 158,542,3
321.014,0 15,500,0 140,759,8
376,055,0 15,474,0 179,321,1
383,010,0 15,432,0 152,890,8
388,866,0 15,430,0 162,929,0
417,710,0 15,404,0 149,652,6
424,523,0 15,408,0 170,130,6
421,047,0 15,400,0 146,303,6
a Includes Government deposits and the item "due to other banks." At Boston
Government deposits amounted to $3,224,000 on Feb. 10, against $3,220,000 on
February 3.
* The totals now Include figures for the Land Title & Trust Co., Real Estate
T. I. & T. Co., Girard Trust Co. and West Philadelphia T. & T. Co. The inclusion
of these companies added $20,253,200 to capital and surplus; $56,400,000 to loans;
$10,641,000 to specie and legate and $50,112,000 to deposits.
Trust cos.: cash in vault
65,528,000
63,431,000
61,517,300
124,948,300
Aggr'te money holdings
Change from last week
471,08700
-5,743,000
475,871,000
-4,458,000
73,651,100
-121,900
549,522,100
-4,579,400
Money on deposit with
62,943,000
other bks. & trust cos.
Change from last week -13,330,000
71,764,000
-5,534,000
23,718,000
+1,265,400
95,482,000
-4,268,600
Imports and Exports for the Week.
-The following are
the imports at New York for the week ending Feb. 10; also
totals since,the beginning of the first week in January.
534,030,000
Total reserve
Change from last week -19,073,000
547,635,000
-9,992,000
97,369,100
+1,144,000
645,004,100
-8,848,000
FOREIGN IMPORTS AT NEW YORK.
1912.
For week.
Surplus CASH reserve
Banks (above 25%)
Trust cos.(above15%)
34,696,750
2,920,100
39,336,259
1,609,550
Total
Change from last week
37,616,850
-3,159,000
40,945,800
-5,069,200
% of cash reserves of tr ust cos
15.69%
Cash in vault
13.10%
Cash on dep. with bks.
15.39%
14.83%
28.79%
30.22%
1909.
1910.
$4,241,406
16,085,528
$2,462,203
15,208,735
$4,022,901
13,175,038
$21,768,550 $20,326,934 $17,670,938 $17,197,939
Total
Since January 1.
Dry goods
General merchandise
15.46%
1.88%
1911.
$3,305,772
18,462,778
Dry goods
General merchandise _
$19,680,183 $20,293,132 $21,148,298 $22,299,500
93,459,717 78,672,982 89,092,866 70,878,999
17.34%
Total
+ Increase over last week. -Decrease from last week.
a These are the deposits after eliminating the item "Due from reserve depositories
and other banks and trust companies In New York City"; with this Item Included,
deposits amounted to $706,307,600, an Increase of $4,963,400 over last week. In
the case of the Clearing-House members, the deposits are "legal net deposits" both
for the average and the actual figures. b Includes bank notes.
The averages of the New York City Clearing-House banks
and trust companies, combined with those for the State banks
and trust companies in Greater New York outside of the
Clearing House, compare as follows for a series of weeks past:
COMBINED RESULTS OF BANKS AND TRUST COMPANIES IN
GREATER NEW YORK.
We omit two ciphers in all these figures.
Week
Ended.
Dec.
Dec.
Dec.
Dee.
Jan.
Jan.
Jan.
Jan.
Feb.
Vat,
9__
16._
23._
30._
6._
13-20_.
27__
3..
10
Loans and
Investment.,. Deposits.
$
2,480,178,0
2,460,317,7
2,473,850,8
2,481,588.2
2,492,990,3
2,531,983,6
2,557,285,9
2,570,217.2
2,586,925,1
$
2,310,182,6
2,291,456,7
2,319,737,2
2,337,100,4
2,371,283,7
2,416.299.8
2,156,409,0
2,475,673,5
2.488.372.8
Specie.
Legal:.
Tot. Money Entire Res.
Holdings. on Deposit.
$
$
$
372,627,8 92,405,5 465,033.3
377,972,5 95,485,4 473,457,9
382,221,8 94,909,7 477,131,5
389,565.5 95,740,3 485,311,8
403,477.0 98,301,6 501.778,6
417.597,3 101.403.7 519,001.0
434,004,4 103.276,0 538,188,4
448,680,5 102,417,7 551,098,2
454,180,5 99,921.0 554.101.5
2.807.204.4 2.497.003.0 "4A1 204 A
OR R17 R
RAQ an 1
$
535,306,4
543,718,6
548,801,5
561,446,3
583,433,9
621,969,4
643,176,8
652,940,6
653.852,1
We omit two ciphers (00)in all these figures.
Capigal.
Surplus.
Loans,
Legal
On
Disc'ts
Tender Deposit
and
Specie, and
with
Net
Bank C.
Invest-H. Deposits.
Notes. Banks.
nients.
-
New York City.
Manhauan dc Bronx.
$
$
$
$
$
300,0
317,4 2,222,0 505,0
ketna National
40,0
Washington Heights_ 100,0
307,7 1,360,0 140,0
77,0
200,0
flattery Park Nat
142,0 1,327,0 359,0
55,0
250,0 1111,5 1,529,0
3entury
31,0 259,0
400,0
3olon1al
477,0 6,114,0 793,0 434,0
300,0
J
817,6 6,791,0 702,0 633,0
- olumbla
200,0
167,4 1,108,0
Fidelity
46,0 120,0
123,7 1,169,0 401,0
3otham National__ __ 200,0
6,0
500,0
529,5 3,733,0 391,0 359,0
Tefferson
250,0
345,3 2,399,0 421,0
Vfount Morris
32,0
200,0
400,8 3,426,0
20,0 676,0
Vlutual
200,0
280,0 2.656,0 260,0
gew Netherland
86,0
100,4 1,817,0 251,0
200,0
Twenty-thIrd Ward
98,0
100,0
531,9 4,110,0
52,0 756,0
Yorkville
Brooklyn.
545,7 3,118,0 411,0 131,0
200,0
3roadway
670,8 3,510,0 320,0
300,0
First National
70,0
892,4 5,428,0 550,0 191,0
danufacturers' Nat._ 252,0
898,2 10,417,0 362,0 1,528,0
dechanlcs'
1,000,0
qational City
595,1 3,702,0 527,0 134,0
300,0
goal)Side
168,7 1,967,0 188,0 103,0
200,0
Jersey City.
First National
400,0 1,306,0 4,951,0 281,0 395,0
Iud.son County Nat
250,0
790,5 3,586,0 255,0
75,0
Third National
200,0
416,4 2,050,0 120,0 168,0
Hoboken.
220,0
?Ira National
646,0 3,825,0 227,0
36,0
125,0
3econd National
286,2 3,071,0 175,0
62,0
Totals Feb. 10
Totals Feb. 3
Totals Jan. 27
$
$
128,0 2,184,0
190,0 1,114,0
107,0 1,457,0
138,0 1,577,0
1,032,0 6,575,0
817,0 7,906,0
230,0 1,053,0
177,0 1,280,0
397,0 4,432,0
330,0 2,657,0
589,0 3,788,0
449,0 • 2,594,0
248,0 2,037,0
707,0 4,619,0
372,0 3,078,0
523,0 2,686,0
738,0 4,920,0
1,792,0 12,264,0
1,197,0 3,758,0
365,0 1,981,0
2,705,0
510,0
497,0
EXPORTS FROM NEW YORK.
For week.
1912.
1911.
1910.
1909.
For the week
Previously reported
$12,449,143 $13,477,535 $13,412,736 $11,090,451
89,474,875 76,774,197 63,572,264 64,202,376
Total six weeks
$101,924,018 $90,251,733 $76,985,000 $75,292,827
The following table shows the exports and imports of
specie at the port of New York for the week ending Feb. 10
and since Jan. 1 1912, and for the corresponding periods in.
1911 and 1910:
EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.
Exports.
Imports.
(told.
Week,
Great Britain
France
Germany
West Indies
Mexico
South America
All other countries
Week.
Since Jan.1
$7,993,687 $7,993,687
29,200
$17,256
56,900
320,600
1,500
Since Jan.1
2,040,723
2,250
$3,200
563,967
49,149
16,493
18,285
1,795,729
332,037
302,997
459,0
461,0
1,724,0
1,413,0
$8,344,387 $10,093,560
30,600
906,845
4,687 3,127,263
Total 1912
Total 1911
Total 1910
Silver.
Great Britain
France
Germany
West Indies
Mexico
South America
All other countries
$632,809 $2,466,304
133,272 1,528,371
952,552
540,300
$534,125 $3,674,561
349,000 1,131,100
345
8,500
Total 1912
Total 1911
Total 1910
3,835
8,708
800
$891,970 $4,819,004
499,403 5,475,079
636,249 4,921,624
122,199
56,689
37,213
$2,600
11,612
116,535
908,166
473,508
173,478
$216,101 $1,575,899
802,011
88,361
552,079
61,320
Of the above imports for the week in 1912, $3,200 were
American gold coin and $____ American silver coin.
Xaulting and EinanciaL
Railroad and Industrial Stocks
Write for our Circular No. 614, entitled -Railroad and Industrial •
Stocks." which describes 126 issues listed on the New York Stook
Exchange, and classified by us as follows: Investment Stocks, Semi
Investment Stocks, Speculative Stocks.
Spencer Trask & Co.
43 EXCHANGE PLACE.
NEW YORK.
Chicago, III.
Boston, Mass,
Albany. N. Y.
Members New York Stock Exchange.
4,093,0
2,270,0
1,764,0
6,847,0 11,869,4 85,386,0 7,788,0 0,524,0 15,158,0 83,224,0
6,847,0 11,869,4 84,714.0 7,427,0 6,277,0 15,584,0 82,050,0
6,847,0 11,8694 84,736,0 7,565,0 6,634,0 16,882,0 82,934,0
I
The following is a statemen of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending Feb. 10 and from Jan. 1 to date:
AAA AAA 1
Reports of Clearing Non-Member Banks.
-The following is
the statement of condition of the clearing non-member banks
for the week ending Feb. 10, based on average daily results:
Banks.
$113,139,900 $98,966,114 $110,241,164 $93,178,499
Total six weeks
White, Weld & Co.
Bonds and Investment Securities
$ NASSAU STREET,
NEW YORK
THE ROOKERY
CHICAGO
470
THE CHRONICLE
miters' J;azettto
--
-•
Wall Street, Friday Night, Feb. 16 1912.
The Money Market and Financial Situation.
-It is not
often at this season of the year that general business in Wall
Street, and at the Stock Exchange in particular, is so decidedly uninteresting and so limited in volume as at the
present moment. It is a common experience that whenever
the political situation becomes more absorbing, less attention is paid to other matters and perhaps the inertia mentioned may thus be accounted for.
'
Foreign affairs, on the other hand, continue to attract
attention. The London money market is easier and British
consols have advanced substantially this week. The latter
movement is attributed, in part at least, to hopes of the
establishment of a better feeling between England and Germany in the near future.
The Government report of international trade for the
month of January, while not as favorable as that of last
year, makes an excellent showing when compared with the
average for a term of years. It indicates a large volume of
traffic, and if the price of cotton had been up to last year's
level the comparison would have been much more favorable.
Domestic traffic and general business are still unsatisfactory, but banks in some parts of the West report a little increase in the demand for loans which is supposed to reflect,
a corresponding quickening of local business. It is not expected, however, that this will become general or very pronounced. The foreign bank statements make a somewhat
better showing than last week, while the local financial situtition is practically unchanged.
The open market rate for call loans on the Stock Exchange
during the week on stock and bond collaterals has ranged
from 2 to 2%. To-day's rates on call were 2@2M%. Commercial paper quoted at 33(0)4% for 60 to 90-day endorsements and for prime 4 to 6 months' single names, and 432%
for good single names.
The Bank of England weekly statement on Thursday
showed an increase in bullion of e337,621 and the percentage of reserve to liabilities was 51.24, against 52.94 last week.
The rate of discount remains unchanged at 3M% as fixed
Feb.8. The Bank of France shows an increase of 12,400,000
francs gold and a decrease of 6,450,000 francs silver.
NEW YORK CITY CLEARING-HOUSE BANKS.
(Not including Trust Companies.)
1912.
Averages for
week ending
Feb. 10.
Differences
from
previous week.
1911.
Averages for
week ending
Feb. 11.
1910.
Averages for
week ending
Feb. 11.
$
$
$
13
133,350,000 128,350,000
Capital
135,150,000
196,761.500 182,627,500
Surplus
198,340,600
Loans and discounts_ __ 1,420,091,000 Inc. 6,591,000 1,315,317,200 1,223,367,600
50,808,000 Inc.
167,000
Circulation
46,664,900
50,510,000
1,492,415,000 Inc. 2,116,000 1,351,398,000 1,235,416,600
Net deposits
331,896,000 Dec. 2,604,000 300,224,700 264,976,700
Specie
80,544,000 Dec. 1,588,000
Legal tenders
73,981,400
68,050,500
Reserve held
25% of deposits
412,440,000 Dec. 4,192,000
373,103,750 Ine.
529,000
374,206,100
337,849,500
333,027,200
308,854,150
39,336,250 Dec. 4,721,000
36,356,600
24,173,050
Surplus reserve
•
Note -The Clearing House now issues a statement weekly showing the actual
condition of the banks on Saturday morning as well as the above avreages. These
figures, together with the returns of the separate banks and trust companies, also
the summary issued by the State Banking Department, giving the condition of State
banks and trust companies not reporting to the Clearing House, appear on the second
Page preceding.
Foreign Exchange.
-Exchange advanced moderately on
Saturday last, but subsequently declined until to-day, when
a recovery of 10(0)15 points from the lowest figures took place.
To-day's (Friday's) nominal rates for sterling exchange were 4 85 for 60
days and 4 88 for sight. To-day's actual rates for sterlingexchange were
4 8430®4 8450 for 60 days,4 8725@4 8735 for cheques and 4 87601CP 4 877()
for cables. Commercial on banks 4 82 q,@4 83 3 and documents for payment 4 83 3®4 84 %. Cotton for payment 4 83 34@4 83% and grain for
payment 4 84®4 84).
The posted rates for sterling, as quoted by a representative house, were
not changed during the week from 4 85 for 60 days and 4 88 for sight.
To-day's (Friday's) actual rates for Paris bankers' francs were 5 20% less
1-16@5 20% for long and 5 18% less 1-32@5 18 % for short. Germany
bankers' marks were 94®94 11-16 for long and 95% loss 1-32@95Ys
for short. Amsterdam bankers' guilders were 40 29@40 30 for short.
Exchange at Paris on London, 25f. 26%o.; week's range, 25f. 26%c.
high and 25f. 24 %c. low.
Exchange at Berlin on London, 20m. 50pf.; week's range, 20m. 51 %pr.
high and 20m. 49 %pf. low.
The range for foreign exchange for the week follows:
Cheques.
Cables.
Sterling, ActualSixty Days.
4 8775
4 8745
High for the week__ _4 84%
4 8745
4 8710
Low for the week..__4 84 g
Paris Bankers' Francs
High for the week__ _5 20'% less 1-16 5 17
less 3-32 5 17 A less 1-32
less 1-16 5 18 56
5 18
Low for the week__ _5 20 %
Germany Bankers' Marks
95%
953-16
High for the week___ 9411-16
95 1-16 less 1-32 95 A less 1-32
Low for the week___ 94 946
Amsterdam Bankers' Guilders
40 5-16
High for the week_ __ 40 A
40%
Low for the week__ 40 1-16
40 5-16 less 1-16 40% less 1-16
Domestic Exchange.
-The following are the rates for domestic exchange on the under-mentioned cities at the close of the week: Chicago,
25c. per $1,000 discount; Boston, par; St. Louis, 15c. per $1,000 discount
bid and 5c. discount asked; Charleston, buying, par, and selling 1-10%
premium; New Orleans, 25c. per $1,000 discount; San Francisco, sight 5c.
and telegraphic 7 %().; Savannah buying, 3-16% discount and selling par;
Minneapolis, 300. per $1,000 discount.
-Sales of State bonds at the
State and Railroad Bonds.
Board include $6,000 New York 4s, 1961, at 1029 and
$10,000 New York Canal 4s, 1961, at 102%.
The market for railway and industrial bonds has again
been dull and fluctuations narrow. The daily transactions
averaged only about $2,500,000, as against a recent average
of more than twice that amount. The market has generally
i[VoL. Lxxxxiv.
been steady. Of a lisqof 30 relatively active issues 12 are
higher, 10 are lower and 8 are unchanged. Only a few issues
have been in any way exceptional. Among these are Erie
cony. 4s series B, which have been more active than usual.
United States Bonds.
-Sales of Government bonds at the
Board are limited to $3,500 Panama 3s at 101M to 101 8
.
Closing prices have been as follows; for yearly range see third
page following:
Interest
Periods
2s, 1930 _„_ _____ registered Q-Jan
2s, 1930
coupon Q-Jan
3s, 1908-18
registered Q-Feb
3s, 1908-18
coupon Q-Feb
4s, 1925
registered Q-Feb
48, 1925
coupon Q-Feb
2s, 1936_Panama Canal regis Q-Feb
3s, 1961..Panama Canal coup Q-Mch
Feb.
10
Feb.
12
Feb.
13
*100
*100
*100
*100
*102%
*102%
*102% Holt- *1023
*113
day. *113
*113
*113
*100
*100
*101%
1013
Feb.
14
Feb.
15
Feb.
16
*100 *100 *100
*100 *100 *100
*1029- *1029 *102%
*102% *102% *102%
*113 *113 *113
*113 *113 *113
*100 *100 *100
*101% *10134 *mix
* This is the price bid at the morning board; no sale was made.
Railroad and Miscellaneous Stocks.
-The stock market
has continued dull throughout the week. Transactions at
the Exchange, which amounted to a trifle over 400,000
shares on Tuesday, steadily diminished to 288,395 on
Thursday. There was, however, a little more business
to-day, 301,565 shares having been traded in.
The market was weak on Saturday, perhaps in anticipation of the two-days' holiday which followed, and was firm
at the opening again on Tuesday; but the change was due
to professional operations and not to any change in conditions affecting intrinsic values. Since Tuesday the
tone has been unchanged until to-day, when it was heavy,
and a long list of active stocks declined. Among the
exceptional features P. C. C. & St. Louis is conspicuous for
an advance of 2% points. The copper stocks have again
been strong on the metal trade conditions. The Philadelphia Co. has advanced 33 points and Steel preferred is
fractionally higher. Steel common, on the other hand,
has been freely offered and has declined 1Y points.
1
For daily volume of business see page 480.
The following sales have occurred this week of shares not
represented in our detailed list on the pages which follow:
STOCKS.
Sales
Week ending Feb. 16. for
Week.
American Snuff
Preferred
Preferred, new
Amer Teleg & Cable
Assets Realization
Brunswick Terminal_ __
Canadian Pac rights....
Subscrip vets, 1st pd.._
Comstock Tunnel
Cuban-Amer Sugar, pref
Detroit & Mackinac, pf_
General Chemical
Preferred
G W Helme
Homestake Mining
Lackawanna Steel
New York Dock
Ontario Silver Mining
Pabst Brewing. pref _ _ ....
Pacific Tel Sr Tel, pref _
.
Philadelphia Co (Pitts).
-C
St L SE S F & E Il
new stk tr ctfs
Sears, Roebuck & Co..
Preferred
Standard Milling, pref
Texas Company (The)._
Union Bag & Pager__
United Cigar Mfrs, pref..
United Dry Goods
Preferred
U S Indus Alcohol
Virginia Iron C & C..
Vulcan Detinning
Wevman-Bruton
I
Range for Week.
Lowest.
Highest.
Range since Jan. 1.
Lowest.
Highest.
'343 135 Feb
60O$107% Feb
30 99% Feb
10 78 Feb
50106 Feb
100 8% Feb
2,200 734 Feb
100$222% Feb
1,000 I5c. Feb
100 95g Feb
100 105 Feb
400135 Feb
203 110% Feb
693 159 Feb
5041 87 Feb
2
30 Feb
100 20 Feb
784 1 Feb
20 108 Feb
10 99 Feb
5,00 107% Feb
Jan 144% Jan
14 137 Feb 15 130
Jan
ii 108% Feb 14 102% Jan 111
Feb 101
Feb
10 101 Feb 14 09
Jan 78
Jan
1 78 Feb 13 77
1, 106 Feb 16 10536 Feb 108
,
Jan
Jan 956 Feb
14 8% Feb 14 8
16 7 3-16Feb 10 , 73. Feb • 8% Jan
14 222% Feb 14 222%, Feb 222% Feb
16 15c, Feb 1
13c. Jan He. Feb
13 953. Feb 13 .95%, Feb 96
Jan
1 105 Feb 16 105 • Feb 105
Feb
13 136% Feb 1: 128 ' Jan 136% Feb
Feb
I; Ill Feb 13 10754' Jan 111
Jan
13 169 Feb 14 159 • Feb 170
13 88 Feb 13 87 • Feb 90
Jan
it 30
Feb 16 , 30
Jan 30% Jan
13 20 Feb 13 20
Jan 23
Jan
Feb ' 1 ' Feb
Ii 1 Feb 10' 1
1 108% Feb 15 108 • Feb 1083 Feb
1. 99 Feb 1. 99
Feb 09% Jan
II mg Feb 16 104 , Jan 111% Feb
8 56 Feb
80 149 Feb
1O0$123) Feb
1001 55 Feb
95 Feb
1.2
4( Feb
41
200 107 Feb
2501 97 Feb
25 105 Feb
10 27 Feb
4501 60 Feb
1,9401 24% Feb
350 186 Feb
1, 57 Feb
13 151% Feb
15 123% Feb
ii 55 Feb
13 96% Feb
5% Feb
1
13 109 Feb
10 97 Feb
13 195% Feb
10 27 Feb
15 60 Feb
1 25q Feb
13 180 Feb
14 , 53
1 140
15 121
10 53
11 '81
13 ' 4%
15 105
11 97
10 105
11 26
1., 60
161 15
14 1 170
Feb 57
Feb
Jan 153k. Feb
Jan 1243. Feb
Jan 56% Jan
Jan 99% Feb
Jan 5%, Feb
Jan 109
Feb
Feb 100% Jan
Jan 106
Jan
Jan 3034 Jan
Feb 90
Jan
Jan 25% Feb
,
Jan1186
Feb
-Beyond a slightly firmer tendency,
Outside Market.
there was little change in the outside market this week.
Activity continues confined to a few issues with the remainder quiet. British-Amer. Tobacco monopolizes the trading,
4
selling down from 19Y to 18% and up to 20, the final figure
to-day being 19. Porto Rican-Amer. Tobacco moved tip
from 231 to 238 and to-day dropped to 228. It. J. Reynolds
Co. gained 8 points to 208 and then sold back to 200. United
Cigar Stores advanced from 183 to 189 and reacted to 184M•
Baldwin Locomotive corn. weakened front 503/i to 50%, recovered to 51 and then receded to 50. J. I. Case Threshing Mach. pref. rose from 1003' to 101, but moved back to
1003. Intercontinental Rubber coin, was conspicuous
for a break of 1M points to 14,though it recovered finally
to 153/s. Lehigh Valley Coal Sales ran up,from 184 to 187
and reacted subsequently to 186. Studebaker Corp. corn.
dropped from 54Y to 51 and finished today at 51%. Sales
1
of Standard Oil, ex-subs. were noted at 370 and 360, which
previous reported transaction.
compares with 330, the fast
Bonds as usual were of interest. The new Chic. St. P. M. &
0. deb. 5s appeared and sold down from 105M to 105% and
back to 105. Chic, R. I. & Pac. deb. 5s sold at 97% and
9734. Inspiration Cons. Copper cony. 6s fell from 105 to
1033. and closed to-day at 1039.. N. Y. Westchester &
3
Boston Ry. weakened from 993' to 99/s. Norf. & West.
cony. 4s improved from 106M to 1073I., N. Y. City 4%s
sold at 102% and 102%. • Among copper shares Butte Coalition was off from 22% to 22, then sold up to 23. Inspiration Con. Copper, w. i., fluctuated between 18% and 18%i
,
the final figure to-day being .1854.
Outside quotations will be found on page 480.
,•
New York Stock
xchange-Stock Record, Daily, Weekly and Yearly
OCCUPYING TWO PAGES
For record of sales during the week of stocks usually inactive, see preceding page.
STOCKS-HIGHEST AND LOWEST SALE PRICES.
Saturday
Feb. 10
Monday
Feb. 12
Wednesday
Feb. 14
Thursday
Feb 15
Friday
Feb 10
STOCKS
NEW YORK STOCK
EXCHANGE
I
Range Since January 1.
On Wats of 100-share lots
Lowest.
Highest.
Range for Previous
Year 1911.
Lowest.
Highest.
Railroads
tch Topeka & Santa Fe 10314 Feb 1 107 Jan 25 li973 Sep 11658 J'ne
3
104 1043s 10.114 1043 104 10414 10334 10418 5,750
4
10138 Jan 2 10114 Feb 10 1003 Jan 10512 J'ne
Do pre
1,800
10373 1037 104 104
8
*10314 10414 10312 104
117 Jan 13914 Nov
1,250 Atlantic Coast Line It It_ _ 13318 Jan 10. 13814 Jan 20
13534 1:353 13(3 13612 *13534 13612 136 136
9312 Sep 10934 J'iy
4
210114 Feb 1 10678 Jan 20
itirnore & Ohio
102 10233 10214 10212 10214 10212 102 10238 4,810
91 Jan
8512 Aug
8812 Jan 10 91 Jan 23
Do pref
*88
90
90
30
*88
90
8458 J'ly
58812 8812 *88
72 Sep
7634 Jan 2 7914 Jan 16
78
7778 7818 78
3,100 Brooklyn Rapid Transit_
7712 7734 7734 78
/ lanadian Pacific
228 Feb 1 :23534 Jan 3 19558 Jan 247 J'ly
22834 23014 22934 23112 23012 23114 12,720
228 229
260 Aug 320 Dec
entral of New Jersey _ 305 Jan 9 380 Feb 7
100 ,
365 365 *350 370
*350 380 *350 380
8634 Feb
6838 Sep
6814 Feb I 7412 Jan 2
7112 707 7112 7113 7114
3
475 Chesapeake & Ohio
71
7013 71
3118 May
15 Aug
17 Jan 25 18 Jan 11
Chicago & Alton Itit
*17
24
*17
20
24
*17
*47
24
53 Jan
37 Oct
35 Jan 5 35 Jan 15
Do pref
6(31. *35
6612
*37
6612 *35
6612 *35
2514 J'ne
17 Sep
1712 Jan 29 1938 Jan 2
*1734 18
*1734 1814
200 Chic Gt West trust ctfs_ _
1753 173 *1734 18
4
4914 Feb
3513 Dec
35 Jan 31 3713 Jan 3
Do prof trust ctfs
3558 *3514 3553 1,000
3512 *35
*35
35
35
11138 Jan 3 10534 Oct 13312 Feb
8
101 10112 10412 10434 10412 1047 10453 10478 7,700 Chicago Milw & St Paul._ 210312 Feb 5 146 Jan 2 141 Sep 15512 Feb
144 Jan 12
Do pref
300
14533 14538 14533 14538 *144 146
*141 146
15012 J'ne
4
1,204 Chicago & North Western 14038 Jan 18 143 Jan 2 13818 Sep 5209 Jan
141 14114 14112 14113 14112 1413 *141 142
5195 Feb 13 5195 Feb 13 191 Nov
Do pref
20
5195 195 *190 200 *190 200 *190 200
Chic St P Minn do Omaha 140 Feb 16 144 Jan 30 13018 Apr 144 J'ne
110
140 140
*13712 143 *139 142 §142 142
155 Jan 30 5156 Feb 6 147 Nov 1160 Mch
Do pref
*150 160 *150 160 *150 160 *150 160
338 Feb
153 Sep
2 Jan 2
118 Feb 16
*1
2
118
100 Chic Un 'frac ctfs stmpd
118
*1
2
*1
2
714 Feb
518 Jan 16
434 Sep
414 Feb 16
Do pref ctfs stmpd
500
414 43
4
*43
4 612 *434 514 *434
66 Jan
4818 Sep
Cleve On Chic & St L
55 Jan 15 60 Jan 2
51' *52
58
58
*52
58
*52
58
*52
08 Feb
9414 J'iy
Do pref
96 Jan 31 96 Jan 31
*95
9734 *95
9612
98
*95 100
*95
60 Jan
43 Sep
45 Feb 2 45 Feb 2
Colorado dc Southern
45
*43
45
*43
*43
45
442
44
82 J'ne
8
Do 1st preferred
7512 Feb 5 767 Jan 19 x70 Sep
100
77
7614 7614
*76
*76
77
*76
77
7512 Mch
Do 2d preferred
30 Jan 31 70 Jan 31 x63 Sep
70
70
*65
*65
75
*65
75
*65
167 Jan 10 17512 Feb 6 15912 Sep 17478 J'ne
elaware & Hudson
750
17334 17334 172 17212
*17112 174 *172 174
elaware Lack & West_ 540 Jan 16 569 Jan 29 505 Sep 570 Nov
200
550 550
*550 570
55912 55912 *550 570
35 Feb
1758 Dec
195 Jan 2 2234 Jan 23
8
200 Denver (S4 Rio Gramie
*2012 21
2114 *2012 2112 *2012 21
21
74 Feb
3634 Dec
Do pref
4034 Jan 2 4614 Jan 24
4112 4134 1,910
41
41
41
42
4158 41
1558 Mch
9 Nov
938 Jan 9
878 Feb 16
100 Duluth So Shore ec Atlan
*842 9
878 87
8
*834 912
*87
2 912
3018 Mch
1718 Dec
Do pref
1614 Feb 16 18 Jan 22
1614 1678
200
*1634 1712 *1634 1712 *1634 1712
3838 J'iy
2714 Jan
rle
3014 Jan 15 32'2 Jan 2
3112 35,800
3113 3178 3118 3158 31
3033 32
6114 J'ly
4558 Jan
Do 1st preferred
5013 Feb 3 5312 Jan 2
5112 7,350
4 51
5033 5178 5112 5213 5112 513
35 Jan
,
493 J'13
4
Do 2d preferred
40 Feb 3 44 Jan 2
4112
500
4134 *41
4112 4114 4114 *41
41
126 Jan 15 13212 Jan 23 119 Sep 140 J'ne
12834 130 8 13014 1307 13014 13118 12933 13012 20,800 Great Northern prof
5
8
6334 Feb
3334 Dcc
Iron Ore properties
3(3 Jan 31 4473 Jan 2
3858 3712 3818 5,520
38
3812 39
3778 3812
1514 Jan
11 Aug
*11
11
10 Green Bay & 1V,deb ctf 13 11 Jan 31 12 Jan 13
1134
1112 11
1134 *11
*11
98 Oct
9314 J'iy
avana Electric
9334 Jan 10258 Oct
Do preferred
1-10110
ITO" *::::
124 Nov 134 Apr
Hocking Valley
____ *120 ____ 4120
*120 130 *120
147 J'iy
213434 Feb 1 14118 Jan 23 132 Jan
13512 13512
700 llinols Central
13514 13514 13534 13534 13512 136
2035 Feb
131$ Sep
1818 1734 1734 5,150 1 nterboro-Metrop v t etre 1633 Jan 3 1913 Jan 22
18
1713 1712' 1712 18
5638 J'ly
3934 Sep
5914 Jan '22
Do prof
53:38 Jan 3
5
5
8 508 5634 10,000
5413 55 8 5534 5714 56 8 573
3912 Sep
5512 J'ly
3
Do pref vol tr ctfs
5234 Jan 11 573 Jan 22
200
5434 5512 *---- 55
22 Sep
15 May
1012 Feb 8 15 Jan 4
200 Iowa Central
*1134 -1/13
1234 *12
12
*11
12
42 Sep
25 Apr
Do preferred
2814 Jan 6 30 Jan 4
29
*26
29
*25
29
*25
29
4'25
80 Dec
74 Apr
fir C Ft S & M tr ctfa,pref 7734 Jan 4 7734 Jan 4
*7814 80
*7814 7
80
*7814
912
*7814 80
2514 Sep
373 J'n•
8
25 Feb 9 2834 Jan 2
800 _Mamas City Southern.. _
26
26
2612 *2514 2634 2614 2612 26
6112 Sep
6934 J'ne
Do
62 Feb 1 65 Jan 5
preferred
*6212 64
300
63
6214 6214 63
63
63
17 Nov
10 Sep
alte Erie & Western
1112 Jan 26 13 Jan 31
1412 *12
1413 *12
*12
15
*12
1412
40 Jan
25 Sep
34 Jan 31
Do preferred
30 Jan
100
34
3212 :3212 *32
33
*32
33
*32
8
15573 Feb 5 18534 Jan 15 151 Sep 1867 Dec
157 15812 15734 15812 157 15818 15714 1573. 17,800 Lehigh Valley
63 Jan
45 Nov
4:312 Feb 13 41 Jan 29
100 Long Island
50
*1313 50
*43
50
4313 4313 *43
14973 Feb 1 156 Jan 2 13612 Sep 16(334 Nov
2,700 Louisville & Nashville
15212 15338 15212 15312 15314 15314 15214 153
it/ anhattan Elevated_ _ 1:15 Jan 2 137 Jan 4 13114 Sep 14212 Jan
*136 13812 *136 13812 *136 1381 *13612 13812
4212 Sep
2112 Apr
695 Minneapolis & St Louis 2412 Feb 10 2713 Jan 23
2534 2514
27
*22
26 *____ 28
26
6812 Sep
35 !deb
55(3 Jan 15 557 Jan 15
Do preferred
56
56
*45
*45
55 *__ 56
15214 Mch
13212 133
132 13212 1,375 Minn St P ec S 8 Marie_ _ _ 120 Feb 3 135 Jan 3 212434 Sep 160 Mch
13212 13213 133
*13112
14714 Feb 1 151 Jan 10 146 Nov
Do preferred
*147 150 *148 150 *147 150 *147 150
9012 Mela
8712
Do leased line ctfs __ _ 58712 Jan 12 58878 Jan 17
*8812 8912 *8813 8912 *8813 8912 *8813 8912
3818 J.13111
27 Sep
2612 Feb 7 30 Jan 2
2,700 Mo Kansas & Texas
2673 2678 2634 27
2634 267
2653 27
s
70 Oct
6234 Sep
63 Feb 1 65 Jan 25
Do preferred
8114
8414 *62
6414 *62
6414 *62
*62
63 Feb
3314 Sep
Jan 18:
39 Jan 8 4112
3,800 Missouri Pacific
3934 4014 3958 4014 3953 40
3934 40
Mash Chatt & St Louis_ 169 Jan 4 169 Jan 4 14014 Jan 160 J'ne
*160 170 *160 170 *160 170 *160 170
7238 Jan
60 Aug
3
*65
68
67
200 LI at Rya of Hex 1st pref 667 Feb 10 71 Jan 4
*6513 6734 6678 6678 *66
8
383 Feb
257 Aug
8
Do 2(1 preferred
32 Feb 14 3673 Jan 20
3214 33
*3212 3348 2,000
33
*3212 3314 32
10614 Jan 9 11238 Jan 30 Z998 Sep 11512 Feb
8
11014 11012 11012 11012 11053 11113 1103 110 5 5,200 N Y Central h Hudson
3
65 Jan
5514 Feb 15 61 Jan 30
48 Sep
N Y Chic & St Louis
57
300
5514 5612 *59
*5514 57
*5514 57
0812 Nov 10158 !itch
Do 1st preferred
*9712 110
*9712 110
*9712 110
*9712 110
8212 Aug 00 Jan
Do 2d preferred
87 Jan 27 90 Jan Is
8912
*8212 8912 *8212 8912 *8213 8912 *84
136 Feb 1 139 Jan 18 12673 Sep 1511$ Feb
NY NH& Hartford_
13712 13712 *137 13812
430
137 137
137 137
4678 J
3734 Sep
8
450 N Y Ontario & Western_ 3614 Feb 1 3834 Jan 9
*3653 3738 *3658 3738 3678 367
*3612 37
9934 Sep 11114 Nov
310734 Feb I 11078 Jan 8
8
8
1083 1087 1087 1093s 4,400 Norfolk & Western
4
10812 109
10812 109
9114 J'ne
8534 Apr
9012 Jan 4 9112 Jan 18
Do adjustment pref
92
100
91
91
*91
92
*90
92
*90
8
11538 Jan 15 11934 Jan 22 11034 Sep 1377 J'ne
11614 11712 11714 11758 11738 11778 11634 1173 14,960 Northern Pacific
4
9434 Dec 102 Jan
act11 Coast Co
9912 *90
9912 *90
9912 *90
9912
*90
Do 1st preferred
*85 105
*85 105
*85 105
*85 105
9934.118' 102 Jan
Do 2d preferred__ _
*90 105
*90 105
*90 105
*90 105
13018 Feb
101,
.1
12212 Jan 9 12412 Jan 26 19834
7,623 Pennsylvania
12234 123
12234 123
12212 12234 12278 123
Sep 100 Jan
9812 Jan 2 10412 Feb 16
8
10073 10278 10234 10338 10313 1043 10314 10412 9,400 Pittsb Cin Chic & St L
Do preferred
10812 Jan 2 115 Jan 22 10218 Sep 112 Feb
113 113
200
113 *113 115
113
*110 113
14818 Jan 11 15912 Jan 22 134 Sep 16178 Ins
15634 15814 157 15734 15618 15714 272,600 D eading
15578 158
92 J'iy
88 Mch
9012 Jan 11 92 Jan 17
700 11, 1st preferred
9134 9178 *9112 9178 9112 9113 9113 9112
901,2 Sep 1.11 May
2d preferred
94 Jan 11 9834 Jan 20
9612
750
9614 *96
9612 9612 9612 9634 96
3438 J'ne
2234 Sep
2318 Feb 1 2558 Jan 3
2313 2312 2312 2312 2353 2304 2314 2334 2,300 Rock Island Company__ _
6853 J'ne
4334 Dec
48 Jan 3 5218 Jan 9
Do preferred
4834 4834 *4813 60
*4853 50
4834 4913 1,000
27 Oct
23 Dec
23 Jan 5 263 Jan 20
4
t Louis dc San Fran
*25
27
*25
27
*2434 27
*25
27
6914 J'ly
59 Sep
65 Jan 19 6712 Jan 30
Do lit preferred._
100
6712 *65
*65
67
6512 43512
*65
67
4912 J'ly
3812 Feb 5 42 Jan 18
3/ Sep
Do 2d preferred
500
*39
40
*3912 40
3912 3912 3812 3914
34 Feb
:A Jan
2934 Jan 22 3133 Feb 13
*2912 3112
32
*29
32
300 St Louts Southwostern
3034 3138 *31
72 J'ne
5934 Jan
6813 Jan 17 7034 Feb 14
Do preferred
7012 7012 1,200
7012 705 7034 *6912 71
8
70
10512 Feb 1 11258 Jan 2 10412 Sep 12638 J'ne
4
1073 10818 108 10812 10753 10812 10,650 Southern Pacific( Co
107 108
3338 J'ly
2434 Sep
2938 Jan 3
24512 Jan 31
2734 28
28
2712 2734 7,000 Southern v tr ctfs stmpd _
2712 281.1 28
7514 J'ly
6114 Jan
6814 Feb 3 7333 Feb 10
Do pref
do
7338 6,386
4
7233 725
8 723 7318 7258 7314 73
3014 Feb
1978 Dec
2012 Jan 3 2253 Jan 22
4
800 Texas & Pacific
2112 2112 213 2134 *2112 2312 2134 2134
Jan 17 41 Jan 15 /42114 Dec /12134 Dec
39
39
20 -1. bird Ave tr ctfs 2 pald _
*37
37
537
41 Deo
31 Nov
3912 Feb 7 4934 Jan 9
New (when issued)
4--4
8
4112 4112 4214 -4114 - 13 -40le 161 7,465
40
812 Jan
4 Nov
4 Jan 20
3 Jan 15
*212 312
3
100 Toledo Railways & Lt_ _ 3
414
*3
*312 4
2434 Feb
12 Dec
13 Jan 4 14 Jan 20
900 Toledo St L 53 Western_ _
1312 1312 1312 1312 1312 1312 1313 1312
5378 Jan
3478 Dec
4
3212 Feb 15 3478 Jan 2
Do preferred
500
3273 3278 3273 3278 3212 3234 3234 323
8
310 Twin City Rapid Transit _ 10112 Jan 5 1057 Feb 0 104 Sep 111 Feb
10512 10512 *10518 106 *10518 106 *10513 10812
n o n Pacific
160 Feb 1 17414 Jan 2 15312 Sep 19238 J'ly
8
16233 165
164 16538 16412 1657 16312 165 219,100
96 J'ir
89 Sep
9112 Jan 2
, 93 Jan 30
Do preferred
*9214 9314
500
93
*9214 9234 *9212 9312 *92
2822 Sep 49 Feb
3634 2,600 Unit Rya Ifav't of San Fr 3034 Jan 5 3714 Feb 14
3512 3612 3634 3714 3612 361 *36
7614 Mob
52 Sep
6.112 65
58 Jan 2 6012 Feb 14
Do preferred
6,700
65
63
65
6412 6512 64
45 Apr
37 Sep
41 Jan 4 4712 Jan 25
100 Virginia ltv & Power_
43 *46
*46
4614 461 1 *44
48
77 Sep 583 Apr
Do preferred
87 Jan 26 8812 Feb 15
*___ 8812
200
8812 8812
____
*87
483 Feb
10; b
6 Jan 4
738 Feb 8
abash
534 Dec
7
73
8 1,800
714 738 *718 738
718 718
66
4811 Dec
14
Do preferred
1678 Jan 2 1934 Jan 8
*18
1938 2,400
11)
1938 1914 1912 19
19
J'iy
5534 Jan 9 6034 Jan 3
500 Western Maryland Ry_ _
58
58
5812 5812 *57
60
57
5712
8814 J'iy
75 Jan
Do preferred
75 Jan 9 78 Feb 6
200
*77
78
78
78
*7712 8018 *7712 8018
1,14 Feb
213 Sep
518 Jan 23
4 Jan 10
8 518
650 Wheeling dc Lake Erie..
.5
478 478 *47
5
' 518
12
1758 Feb
7 Sep
*15
Do 1st preferred
400
11 Jan 3 1678 Jan 23
16
1612 *15
16
1612 *15
16
3 Aug
8 Feb
4
73 Jan 23
Do 2d preferred
6 Jan 19
1,000
*634 7
7
7
712
7
*T
712
7214 May;
48 Sep
Wisconsin Central
48 Feb 5 54 Jan 5
*48
54
*18
54
*18
52
*48
52
A
104 10418
104 10414
13553 136
10173 10218
*88
90
7753 7734
22833 229
*350 380
7038 71
*17
24
*35
*1712 18
*35
3512
1013.4 10433
*144 146
14133 14112
*190 200
*13712 142
*150 160
*118 2
*424 512
58
*52
*95 100
*43
45
*76
77
*65
75
17214 17214
*550 570
22
4 20
,
43
*41
*833 10
*1634 1712
3012 30
53
5014 5014
*4014 43
12834 12934
*3012 3734
*1112 1278
D
H
*:::: 110
*120 130
*13512 13758
1718 1714
543 5512
4
5414
*53
*11
13
*25
29
*7814 80
2533 2538
3
*617 65
*12
15
*32
33
15712 15814
*4312 50
15312 15312
*13612 13812
2412 2512
-___ 56
•
132 13214
*147 150
*8812 8912
2612 263
4
6414
*62
397 40
3
*160 170
6678 6678
3273 3338
11012 11058
*5514 57
*9712 110
*8212 891
*137 138
3678 37
10833 10878
92
*90
11614 117
0012
*00
*85 105
*90 105
12234 12278
10078 10078
*105 113
15613 15712
4
*9112 913
9712 9712
2314 2312
485 49
8
2612
*24
67
*65
*3912 40
*2912 31
*6402 70
10714 1073
4
2758 2818
7214 7234
2112
*21
90
*37
4012 4112
*312 414
*13
135
8
33
*30
10573 10578
16253 16418
9, 8 9212
351. 3512
L
P
S
--
UU
e.371; (3:334
-
*45
Tuesday
Feb. 13
Sales 0/
the
TVeek
Shares
---
W
;5378
isis 1814
457
59
78
*77
*442 518
16
415
*7
712
*4312 53
BANKS AND TRUST COMPANIES-BROKERS' QUOTATIONS.
Banks
New York
Aetna
America 11.Amer Exeh _
Battery Pk_
Bowery¶
Bronx Borol
Bronx Nat.
Bryant Pk 11
Butch & Dr
Century
Chase
1116
Ask
18712
605
24212
125
400
300
175
150
130
140
600
1921
610
2471
130
180
155
140
150
Banks
Chr.t&Phenis
Chelsea Eall
Chemical
Citizens' Ctl
City
Coal de Iron
Colonial
_
Columbia il.
Commerce _
Corn Ea 11
East River.
_
Fidelity
Bid
Ast
1721
170
195
20(3
445
455
16712
412
420
152fc 157)
425
335
35(1
I 192 t195
300 :310
105
115
165
175
Ask
Bid
flank.
Fifth Avel. 4100 4250
325
Fifth
300
995 1010
First
205
Fourth
201
Gallatin _ 330 335
290
Garfield _ 275
Germ-Am if' 140
435
-Gerfren WI 420
595
German1a 11_ 525
155
Gotham
150
Greenwich 13 250
Hanover
630
Bank.
Harriman -Imp de Traci
Irving N 14z
ielfersonl_ _
Liberty
_
_
Li ncol n
‘ianhattanl,
Aark't& Ful
\tech deNiet's
Mercantile.
Nierch Each
Merchants'.
Rid
300
227
560
395
335
255
26212
149
16212
180
Ask
(582i
7-235
135
580
405
265
2671
151
1671
185
Bank.
Metropolis
Metropol'n¶
Sit Morrislf_
Mutual I__
Nassau _ _ _
New Neth
New Yorke°
New York..
_
Park
People's 13..-
1316
375
197
250
290
300
210
875
310
270
374
240
Ask
400
20(1
260
295
220
ifE"
280
316
250
Banks
Prod Each 13
Reserve ___
Seaboard _ _
5econd
Scene tY Sherinan
'State
23d Wardll.
Union Exc_
Wash Ll'ts
West Side 11
Yorkville I_
Bid
170
ao
415
375
131175
165
275
iii"
• Bid and asked price.% no sales were made on thls day. 3 Ex-rights. § Less than 100 shares. 11 State banks. a Ex-dividend and rights. 0 New stock.
Bale at Stook Exchange or at auction tilt* week. 12 First hiatiliment paid. ft Bold at private sale at this price. x Ex-dividend.
Asle
173
472
New York Stock Record-Concluded-Page 2
[VoL. Lxxxxiv.
• For record of sales during the Week of stocks Usually inactive. -ea second me proceJlnZ
STOCKS
-HIGHEST itAl D LOVVES7' sat,P; PRICES.
Saturday
Feb. 10
Monday
Feb 12
Tuesday 'Wednesday
Feb. 14
Feb. 13
Thursday
Feb. 15.
Friday
Feb. 16.
Sales of
tlw
Week
Shares.
STOCKS
NEW YORK STOCK
EXCHANGE
Ranye Since January 1.
On bags o/ 100-sisare lots.
Range for Preastenst
Year 1911.
Make*
Lowesi
Highest.
Lowest
t
i
industrial&Miscellaneoui;
*197 203
dams Express
*197 203 *195 203 *196 203 *196 203
202 Jan 18 202 Jan 18 $193 Nov 3245 Agar
1
1
*7
8 1
1
*7
8 1
1
58 Jan 11
118 Dec
0 4 Mgr
3
112 Jan 2
400
7
8
7
.3
8
*7
*6
7
*634 8
*634 8
Do pref
633 Dec
34 Feb
818 Jan 20
8 Jan 2
612 634
200
6318
62
6158 6312 6314 645
8 6414 6511 8438 6512 78,250 Amalgamated Copper
60 Feb 1 6712 Jan 3
4
8
443 Sep
715 J'ne
5978 5978
5934 60
5912 60
6312 Deo
5934 597
4434 Sep
5914 Feb 2 6312 Jan 2
8 5918 5934 3,000 Amer Agricultural Chem_
*10212 103
*1023 103 *10234 103 *10212 103
100
9912 Oct 105 Dee
101 Jan 13 103 Feb 16
Do pref
103 103
5434 5514
5412 547
5412 Feb 13 583 Jan 3
8 55
55
55
3914 Jan
5934 Oct
5518 5478 55
4
4,250 American Beet Sugar
9834 9834
*9712 9912 *9712 99
9834 Feb 10 1007 Jan 10
9212 Jan 101 Oct
*9712 99
8
*9712 99
Do prof
100
1112 113
4
1134 1134 1134 1134 *1112 12
1114 Feb 1
878 Jan
127 Jan 23
3
1'212 May
1134 117
8 2,200 American Can
9113 9218
9138 92
*9134 92
77 Jan
9318 Deo
903 Feb 1 9514 Jan 2
8
92
9214 915 9214 2,060
Do prof
8
*501 51
51
51
42% Sep
5314 J'ly
*5014 513 *593 513 *5312 5112
8
200 American Car Fe Foundry 49 Feb 5 5512 Jan 2
3
3
11514 11514
0115 11558 115 115
115 Feb 14 11612 Jan 15 113 Oct 120 May
115 115 *113 11612
Do pref
900
4838 49
*1812 4912 4814 4834 . 4814 4814 4812 48 2 1,100 American Cotton 011
411 Nov
8
4512 Jan 19 51 Jan 26
6232 Feb
,
*9814 9912
9914 9914 *9712 _ *9814 9812 *9814
92 Nov 10512 Feb
95 Jan 19 9914 Feb 13
Do prof
160
*210 215
;215 220 *214 223 *215 225 *215 215
200 Feb 2 ;220 Feb 13 201 Sep 3255 Jan
- 145 tmerican E'xpress
373 378
312 Sep
5 J'ns
4 Feb 5
314 Feb 16
7
37
3 3 8 *312 4
*312 4
314 312 1,300 American Hide & Leather
*2012 21
*20
18 Sep
Ms J'ne
21
2012 Jan 5 2134 Jan 29
2012 2012 *20
*20
Do pref
21
21
100
193 193
4
4
17
1".:12 Aug
253j .1.
18 Jan 2 2118 Feb 15
*20
2118 2118 *2012 2114 1,300 Imerican Ice Securities_
2012 2012 21
*978 1078
3 Aug
123 Feb
American Linseed
8
10 Jan 23 12 Jan 3
*97 107
8
8 *9 8 1012 *912 1012 *912 1012
7
32
*30
3412 Dee
*30
Do pref
3012 Feb 5 35 Jan 3
32 *30
2618 Oct
*30
32
32
*29
32
*3212 3312
3218 Oct
4314 May
3218 Feb 16 3658 Jan 2
3312 83
33
*32
400 American Locomotive
*3278 3312 3218 3278
104 104
*10318 10414 10414 10414 10414 10114 *10312 10412
Do pref
1
103 Jan 15 10414 Feb 1, 102 Oct 11034 Mcb
300
American Malt
*812 9
538 Jan
*7
*712 9
3 Sep
9
*712 9
*3
9
9 8 Feb 7
3
3 Jan 10
4
*4812 4912
3112 Mch
*47
4358 J'ly
4912 *4712 4912 *48
Do Ilret
4912 49
Corp_..,.- 42 Jan 6 50 Feb 7
49
230
87
*86
82 Sep
8918 J'ly
*86
87
87
87
87 *86
200 Amer Smelters Seo pref B 8613 Jan 3 87 Jan 13
87
87
6914 7012
563 Sep
8378 XII,
69
71
7034 7112 71
7214 713 7212 35,900 Amer Smeitlng& Relining 6778 Feb 1 7412 Jan 2
10418 10418
9334 Sep 10812.1'nel
*10312 10412 c10278 10314 *10212 10314 0103 10314
Do prof
10238 Jan 2 10112 Jan 24
600
*2812 2914
25 Sep
400 Amer Steel Found (new)_
2858 2858 *28
5212 Feb
26 Jan 19 :3512 Jan 4
2912 28
29
2 12 *28
8
118 11814
4
7
11814 118 8 11812 11912 1183 1193 11878 11918 6,000 Amerlean Sugar Reflnlag 11434 Jan 12 12038 Jan 30 11214 Sep 12212 Feb
8
*11712 120
Do pref
3118 118 0118 11812 *118 119 *118 11812
30
11512Jan 5 11912 Jan 29 111 Jan 11912 Feb
14014 14038
4,300 American Teleph 63 Teleg 13738 Jan 2 14218 Jan 18 13112 Aug 15313 J'ne
14078 141
8
14014 14018 140 8 14012 1405 141
3
260 261
258 259
250 Jan 25 287 Jan 26
262 267
5,470 Amerloan Tobacco
25878 263
261 263
10434 10434
87 Aug 10514 Dec
10434 105
10434 10518 105 10514 10434 105
102 Jan 9 1083 Jan 19
Do prof
4
1,842
10412 10412
Do prof cents of dep_ 102 Jan 10 10814 Jan 18
9212 Sep 105 Deo
10478 105
10412 1041-, 105 105
10434 105
900
10278 10318
10114 Jan 11 10638 Jan 19
Preferred, new
10234 10314 10314 10312 10318 10338 10338 10312 5,410
*2514 27
2578 2578 26
2512 Dec
3612 3i(31;
2514 Feb 6 30 Jan 11
5
2612 27
27
*2612 28
525 American .Voolen
*8534 87
*86
86 Feb 7 893 Jan 10
88
8514 Oct
8818 8618 8612 87 *86
4
Do pref
88
9614 J'ne
400
*283,1 2938
2834 2914 *2914 2978 *2914 297 *29 .30
2412 Sep
3412 Feb
8
300 Amer Writing Paper. prl. 2518 Jan 25 2912 Feb 9
3434 3512
3412 353
3512 3534 3512 353
4 357 36t2 10,100 ciAnacondaCopper Par$25 534 Feb 1 33834 Jan 3 329 Sep 34113 J'ne
8
*10234 103
*10234 103
4
103 103 *10234 103
103 103
514 paldwin Locomotive. 131 10234 Feb 2 1033 Jan 2 10314 Deo 107 Dec
*3012 31
3012 3158 3034 3138 *3018 3153 2958 3038
5
26 Sep
2938 Feb 16 32 3 Jan 2
3818 Aug
900 lethlehem Steel
*5812 60
*5812 5912 *5812 5953 *5812 603 59
54 Sep
Do prof
6634 J'ly
59 Feb 9 62 Jan 2
500
5918
138 138
433 Brooklyn Union Cies
138 Jan 25 14112 Jan 8 z129 Sep 14814 Nov
139 13918
*133 13912 *138 13912 139 139
*297 3012
8
23 Feb
29/8 Jan 8 3012 Feb 9
Butteriok Co
*2934 3018 *2978 3012 *297 3012 *297 3012
31 Ma,
8
8
1814 183
1834 Sep
4
1734 Jan 8 2112 Jan 2
1812 1812 1838 1878 1814 1814 177 1812 4,100 (lentral Leather
3338 Feb
8
*86
87
9118 Dec 105 Feb
83 Jan 8 9214 Jan 2
88)8 8638 8612 3612 86
*85
86
300 kJ Do pre
87
2534 2578
2534 2578 2512 2534 2V3 2334 2533 251
4 8,400 4Chino Coppor___Par $3 $25 Jan 15 $2718 Jan 2 81612 Sep $2712 Dec
2558 2558
3638 Feb
25 Sep
2418 Feb 16 275 Jan 2
25% 25"1 2418 25% 2,650 Colorado Fuel 63 Iron
*2512 28
*2534 26
13914 139 4
4
3
13918 14018 x139 13912 139 139 *13812 13912 3,800 Consolidated Gas (N Y). 1383 Jan 24 143'2 Jan 5 12834 Sep 14812 J'ng
1014 1014
958 Oct
1534 May
10 Jan 16 1118 Jan 17
1018 10
1018 1018 2,100 Corn Products Refining_
1014 10
10
10
27614 Jan 3 79 4 Jan 17
*78
Do pref
73 Sep
3
7834
85 May
78
*77
*77
7712 7712
78
7714 78
564
>.
2812 28 4
-4
2812 2838 2858 2834 2838 29
29 Sep
3814 Mch
3
2834 2914 3,700 Distillers' Securities Corp 28 Feb 5 3258 Jan 26
*11
Federal Mining & Smelt'g• 1212 Jan 10 13 Jan 29
15
*11
*11
13 Dec
*11
15
15
15 *11
15
36 Feb
*3814 40
3912 40
*40
Do prof
37 Dec
6612 May
4934 387 387 *3814 493
3718 Jan 23 40 Feb 13
300
8
8
4
E.
987 General Electric
15634 15634
*15534 157
157 157 *157 158
1575 15814
8
155 Jan 2 1607 Jan 24 142 Sep 16333 May
8
g
3234 32 4
3258 3258 *3212 33
3
3212 3212 *3212 33
390 Gen Motors vot tr °Us- 3214 Feb 9 3514 Jan 19
35 Nov
5134 Aug
*747 7612 */478 /612 37512 7512 7512 76
8
Do pref vot tr ctrs
500
7412 Dec
7512 7512
'
r,-11
8658 Aug
745 Feb 5 7712 Jan 6
8
438 412
3
43
3 4.8
$312 Oct
577 Jan
43
8 412
8
43
8 412
43
8 412 6,000 dGoldfleld Con M Par 110 $414 Jan 3 6412Jan 20
.7
1
1055 106
8
9918 Sep 129%
*10512 106
106 106
10.5 4 10534 106 106
,
3
800 I nt Harvester stk tr efts 10514 Feb 1 109 8 Jan 3
*11914 121
*11914 120 *11914 120 *11012 120
11912 11912
100 I- Do pref stk tr otfs
116'2 Jan 26 121 Feb 8 115 Sep 12814 May
*414 5
413 Jan 3
412 412 *414 43
314 Sep
5 Jan 2
578 Jan
110 Int Met* Marine stk tr cafe
8 1414 414 *414 458
21
21
14 Aug
2212 Dec
21
2134 2112 2112 2118 2118 21
1958 Feb 1 2318 Jan 12
Do prof
2114 1,700
1012 1081034 1078 10 8 1078 *1012 11
133 Jan
7
9 Sep
938 Jan 17 10 8 Feb 10
1,600 International Paper
7
7
*1012 11
440 May 563 Jan
52
5512
Do prof
55
2457 Jan 3 56 Feb 13
56
8
56
553 55 4 58
4
*55
2,300
3
56
*29
150 Internet Steam Pump
30
23 Oct
30
*29
*28
44 Feb
30
30
30
2812 Feb 1 34 Jan 2
*28
30
*1912 81
80 Oct
81
Do pref
*/9
797 7978 *79
9012 J'ne
8
*79
3
81
79 Feb 1 83 4 Jan 9
100
8012
10718 10718
107 107
*10612 107 *10612 107
400 Laclede Gas (St L) corn... 106 Feb 3 1083 Jan 4 10114 Sep 11412 Jan
10878 107
4
*160 180
*160 186
17212 175 *175 180
1,200 Liggett 63 Myers Tobacco 1567 Jan 15 185 Jan 26
176 177
8
10914 10914
537
Do preferred
10918 10912 10912 110 310812 10812 108 108
10512 Jan 12 11312 Jan 18
8078 81
1,620 Mackay Companies
381
7518 Jan 31 82 Feb 16
81
8134 8112 82
8012 81
81
7412 Deo
93 Feb
70
*69
70
6912 6912 *69
•
*69
Do pref
70
6934 69 4
400
68 Deo
77 Mob
3
6812 Jan 11 7078 Jan 23
74
*72
Ma_y Department Stores_ 7118 Jan 29 7412 Feb 7
7414 *7112 73
*72
*72
*7112 7314
74
70 Apr
87 J'ne
111 111
*111 112 *11112 11212 *11112 112 *11112 112
Do pref
200
110 Jan 8 112 Jan 11 10734 Sep 11314 Jul
2338 2338
2314 2338 2318 2314 2314 2314 2314 2314 1,700 011ami Copper___Par.
5
$3 $2318 Feb 14 32818 Jan 3 $16 8 Sep $2412 DO
144 146
14312 14418 14434 14612 146 14638 *145 147
2,700 \rational Biscuit
13912 Jan 2 150 Jan 30 11714 Jan 14334 No,
12818 12818
*12714 12812 *12712 12812 *128 12812 *12614 12634
100 4'' Do prof
127 Jan 10 12814 Feb 9 124 Jan 130 Feb
*1314 14
1212 Dec
*1314 14
*1314 14
22
*1314 14
Nat Enamerg & Stamp's 137 Jan 2 1412 Jan 4
*1314 14
8
*92
94
85 Jan 10034 J'17
*92
91
92 8 93
5
0212 9212 9312 9312
Do pref
9212 Feb 15 951 Jan 2
400
4212 Sep
8
59 Feb
5334 5334 5378 5378 53 8 54
5118 Jan 9 547 Jan 2
4
5 4 533
7
5318 5334 1,100 National Lead
33
*108 10834
3108 108 *10778 10834 109 10934 *106 108
1
10512 Feb 1 10934 Feb 15 104 Sep 10934 Aug
Do iprof
425
1834 19
1878 19
1834 1834 1878 19
1878 187
8 4,250 dNev Cons Copper_Par $3 $1814 Jan 29 32014 Jan 3 2154 Sep 32114 Jab
New York Air Brake
*52
5612 Jan 19
58
45 Oct
100
52 Feb 13
52 *50
58
52
*50
*50
58
58
76 Feb
7812
*77
7434 May
64 Jan
8
4 7812 7878 3,000 North American Co (new) 7412 Jan 3 797 Jan 27
7834 7812 7834 7812 781
78
*3134 3212
2318 Apr
3338 Not
30 Jan 3 3314 Feb 3
3118 32
3112 3214 *3112 3212 3114 3112 1,500 Paclflo Mall
14
4712 4778
add° Telep 63 Teleg
35 Sep
47 Feb 5 513 Jan 4
*4714 48
8
4714 4714 4714 4714 4718 47
900 A5158 Jan
106 108
4 1,050 People's 0 L & C (Ohio) 103 Jan 8 107 Feb 2 10112 Aug 103 Jan
1051.1 1053
10578 10578 106 10614 *108 107
*17
18
17
*17
13
17
17 Feb 5 185
*1612 18
110 Pittsburgh Coal Co
8Jan 6
2314 J'ng
1183 163
4
17 Dec
4
*7712 80
Do pref
*7712 7912 7714 7712
80
*76
80
*76
300
77 Feb 8 837 Jan 2
4
673 Jan
8
9078 J'IY
16858 169
175 175
173 174
170 170
170 175
1,500 P. Lorillard Co
168 Feb 9 189 Jan 26
*11012 11212
Do preferred
11118 11118 11112 11112 11178 11178 112 112
400
10734 Jan 12 115 Jan 10
*3112 3212
32
31
*31
*3012 3112 *3012 3112
31
100 Pressed Steel Car
25 Sep
3738 J'ne
30 Feb 2 3414 Jan 4
*9912 101
Do 'net
310312 10312 3101 101 *ICIO 101 *100 101
44
91 Sep 10234 J'ne
10012 Feb 3 102 Jan 2
107 107
*106 109
200 Pub Service Corp of N J. 107 Feb 7 10:314 Jan 19 108 Oct 120 Feb
107 107
_.
- *106 10714
815912 15912
15912 15912 315914 15912 159 159
--- 159 159
837 Pullman Company
15812 Feb 2 161 Jan 23 154 Sep 163 Jan
*2712 2812
*2712 2812 *2712 2812 *2712 2812 *2712 2812
26 Oct
I)allway Steel Spring
39 .1'110
2712 Feb 8 32 Jan 2
*10012 105
92 Jan 103 .1'no
*10112 103 *102 103
10212 10212 310214 103
100 IA Do prof
,
101 - Jan 16 10212 Feb 15
1612 1658
1612 1634 1614 1634 1913 1612 1614 1812 14,535 dRay ConsCopper Par $10 316 Jan 29 $19 8 Jan 2 $12 Sep 319 Deo
3
2034 2114
20
18 Oct
2012 1938 2014 *1912 2012 1912 2012 4,920 Republic Iron & Steel
3314 Feb
1938 Feb 14 27 Jan 2
7512
75
7378 75
7238 7378 7234 7312 73
7418 Oct
Do prof
75
993 Feb
11,660
7238 Feb 14 8518 Jan 3
•
40
40
40
34 Sep
40
*40
5614 Feb
600 Sloss-Sheffleld Steel & Ir.. 3914 Jan 30 44 Jan 2
42
*40
42
40
4012
3538 3512
*3518 36
*3518 3653 353 3614 3614 3714 3,100 d'rennessee Copp_Par 325 $3412 Feb 1 $3812 Jan 18 33014 Sep 344 J'ne
4
101 101
*100 104
10312 104 *10112 105
4
10434 1043
000 I rnderwood Typewriter_ 101 Jan 3 1043 Feb 16
4
63 Mch 111 J'ne
112 112
4
11234 1123 3 112 11212 *112 11212 *112 11212
Do prof
230 51
11118 Feb 2 11234 Feb 13 103 Mob 11378 J'l7
*12
*12
15
16
15
15
*13
16
13
415 U S Cast I Pipe & Founcir
11 Sep
13'
13 Feb 16 17 Jan 3
19 Feb
5018 5018
*4812 53
54
*50
*50
63
4012 Sep x61 Feb
*50
Do pref
100
52
50 Jan 4 51 Jan 26
38814 89
*89
95
89
*88
89
97
84 Dec 3105 Jan
*90
305 United States Express
84 Jan 31 89 Feb 13
96
*67
6812
gg
*67
68
*87
*67' 63
69
*67
Realty eo Improvem't 67 Jan 31 6918 Jan 10
13518 Jan
7934 May
US
*4534 46
48
46
43
46
98
96
4514 46
3012 Sep
4812 Deo
800 United States Rubber
4514 Feb 1 49 Jan 3
1095 10938
8
*109 110 *109 110 *10914 110 *10914 110
109 Jan 30 111 Jan 11 104 Sep 11512 ny
Do lst pref
100
*7312 75
75
*7312
*7312 73
66 Sep
*7312 7512 *7312 76
79 Mch
75 Jan 23 7818 Jan 8
Do 2d pref
59
605
8
5814 6012 5958 61
5958 6033 5918 6018 448,300 United States Steel
8218 Feb
5814 Feb 13 697 Jan 3
50 Oct
8
10758 1073
1073 10734 1077 1033 108 10812 108 10814 4,858
4
10753 Feb 13 11113 Jan 2 103 Oct 12078 Feb
Do prof
8
8
543 5534
5458 5512 5512 5612 5618 563
..Par $10 $5212 Jan 29 $5838 Jan 9 $38 Sep $5778 Deo
4 1563 5712 31,100 dUtah Copper_.
8
*5312 55
*5312 55
*5312 55
5253 Jan 9 5714 Jan 28
4318 Sep
5434 55
55
703 Feb
56
500 Virginia-Carolina Chem.._
*119 120
*119 120
119 119 *119 120
119 Feb 14 1217 Jan 25 114 Sep 12812 Mch
Do pref
11918 11918
200
*142 147
*142 147 *143 147 *143 147 *143 147
8142 Feb 7 151 Jan 3 139 Sep 177 May
Wells Fargo 63 Co
• 8414 85
715 Apr
8334 8418 837 8412 833 8412 833 837
8412 May
79 Jan 2 8614 Jan 18
4
8 6,100 II estern Union Teleg
4
7012 7 3
7012 7012 *71
72
04
*71
585 Sel?
7212 7012 71
800 Westingh'se El &Mfg assen 6614 Jan 3 7414 Jan 24
79 MO
«1141, 1107a
*114h 1167; *1141A 11076 4111A
1167o *1141A 1167o
no istoref
11478 Jan 5 120 Feb 2 11012 Aug 123 Jan
Allis-Chalmers
2
n
May
8
n
..117
BANKS AND TRUST COMPANIES-BANKERS' QUOTATIONS.
Banks
Brooklyn
Broadway 1:
Coney IsrdT
First
Hillstdel
Homestead,:
Manutao'rs
Bid
Ask
Banks
Brooklyn
- North Sides
390
-- 15
-5 People's __
275 285 Prosp'otPkil,
-____ 125
__ 100
Trust Co's
415 43)
45
N Y City
235
..15
0
Montauk 11
Mechanics'.
. Astor
Rankers' rr
212
- - 225
Nassau
28) 295 13
'way TrNat Clty
Bid
150
150
140
•
358
750
155
Ask
Trust Co's
N Y City
Central rr__
Columbia ...
Commercial
Empire _
Equit'ble
-Tr
Farm Lo&T
Fidelity _._
Fulton ____
365
_ auarty Tr_
fici Guardian Tr
170
160
155
Bid Ask
Trust Co's
..... 145
Hudson _..,Knickerb sr
2921,
_ Law I' 1&Tr 2 5
240
__ 141
166' Lincoln 'rr_
Manhattan 375
-390
30
-0 310
MetropoPri• 400
410
545 550
Mutual Alll
1400 1425
125
130
anco
220
224
201
.. _ Mut. West(
che4ter)._ 140
160
865 870
NY Lite 631'r 1000 1040
101
108
Bid
Ask
1010
350
1015
Tit
Trust Co's End
N Y Trust.. 815
Standard Tr 345
ritletiu& Tr 545
Tr Co of Am __ Union Tr __ 1300
US Nag:Ss-Tr 485
Unit States_ 1113
Washington 390
Westchester 151)
Windsor - 190
['IVO Co's
Ask
Bid
Brooklyn
620
35212 Brooklyn Tr 465
550 Citizens'
135
__
__ _ .elatbush--- 215
___-_ Franklin__ 270
Hamilton _ 275
500
105
1140 _Home
Kings Co ..620
410
130
L 181 I. & Tr 300
_
195 Nassau... 150
'
Peoples ..- 290
)(teens Co_ 100
Ask
.....
144
230
280
285
11$
_.
31
165
300
11
.,
•131c1 and asked prices; no sales on this day. 3Less than 100 shares. 3 Ex-rights. b New stock. a Ex-div, and rights. d Quoted dollars per share.
tale as ineob BIehange or at auction Ws week. s Ex stock dividend. %Banks marked with a paragraph (11) are State bangs. z 11z-dlvIdend.
New York Stock Exchange—Bond Record, Friday, Weekly and Yearly
for income and defaulted bonds.
Jan. 1 1909 the Ir.rchangs tnethod of quoting bonds was changed, and prices are now all—"and interest"—except
1P-
1'8
Week's
Price
BONDS
Range or
Friday
N. Y. STOCK EXCHANGE b"E
Las; eale
.,a., Feb. 16
Week Ending Feb. 16.
r•
....
High
Bid
Ask Low
U. S. Government.
1 S 28 consol reglstered__d1930 Q-J 100 10012 10014 Noy'll
consol coupon_ _ _d1930 Q-J 100 10034 10018 Dec '11
S 25
102 Feb '12
k1918 Q-F 10214
S 3s registered
10212 Feb '12
k1918 Q-F 10214
8 3s coupon
1925 Q-F 113 11334 11314 Jan '12
S 4s registered
1925 Q-F 113 114 11334 Jan '12
U 5 48 coupon
U S Pan Canal 10-30-yr 2s k1936 Q-N 100 ___ 10012 J'ne'11
4
VI 5 Panama Canal 35 g__ _1961 Q-S 10112 1013 10112 10112
Range
Since
Jan. 1,
il:
BONDS
N. Y. STOCK EXCHANGE
...,:.
Week Ending Feb. 16.
“
Price
Friday
Feb. 16
Range
Since
Jan. 1.
Week's
Range or
Las: Sale
High No. Low High
Ask Low
Bid
High Chesapeake & Ohio—
10312 10412
Gen funding & impt 58_1929 J -J 10313 Sale 10312 1031
- _
111 11112
1st consol gold 55
1930 81-N 11113 11134 11111 Feb '1.
11114 11114
Registered
1939 M-N _ __ 11112 11114 Feb '12
102 1E16 10114 103
0178 103
3
1992 M-S •
1012 10213 General gold 4 As
1992 M-S --------- -9958 Nov'll
11314 11314
Registered
21 -9234
93
1930 F- A 93 Sale 9234
Convertible 45s
4
11314 1133
88 88
4
131g Sandy 1st 4s
1944 J-D 8714 8912 88 Feb '12
10112 1013
Coal Illy fly 1st gu 4s _ __ _1945 J -E1 8518 8912 8812 J'ne'11
10138 10178
Craig Valley 1st g 5s
1940 J-J 10113 10412 10234 J'ly '11
4
8634 -g3
Potts Creek Br 1st 4s_ _ _1946 J-J 83 87 8034 Jan '12
Foreign Government
9513 96
96
R & A Div 1st con g 43_1989 J -J 96 Sale 96
8
214 19 97 975
4 41 i s
I:g I 21 F11 l
3
a s
f
i eese(r uInler
ilf n ntlnerk ua tjtldy cgt boo._ 1
2d consol gold 4s
1989 J -J .._ _ — - - 9214 J'ne'11
9314 95
Warm Spr Val 1st g 5s 1941 M-S 10518 10812 11314 Feb 'OZ.
imperial Japanese Government
95 Oct '10
Greenbrier By 1st gu g 45 1940 34-N 9118
9358 42 9212 933
4
1925 F-A t 9314 9338 931
Sterling loan 4 Hs
2 -f63 71
4
71
71
1949 A-0 7078 71
Chic & Alt RR ref g 3s
911 93
925
0213
2d Series 4 ;is
•
1025 J-J t 9258 Salo 875
3 6384 6512
Railway 1st lien 37s
.1950 J-J 633 6414 6 4
4
8634 8818
33
84
Jan '12
Sterling loan 49
J .7 t 8718 8778
1031
1 10212 10358 Chic B & Q Denver Div 43_1922 F-A 9934
3
99 4 Feb '12 -- 9934 9984
4 1023
4
1023
Republic of Cuba 53 eaten debt_ M-S t103 10334
4
873 21 8712 88
73 8713
Illinois Div 3 As
'1
1949 J-J
9818 Dec '11
4
External loan 4 ).is.
1949 F-A t 983
Sep '10
Registered
1949 J-J ---- ---- 8_.
9718 98
aan Paulo (Brazil) trust 5s_1919 J-J $ 9713.-- 98 Feb '12
76 661 WI;
4
1949 J-J 9934 100 9958 100
Illinois Div 45
7 90 9714
961
U S of Mexico s 1 g is of_ _ _1899 Q-J I 98 98 66
9912 9912
2 90 00 4
1949 J J __ 9912Feb '12
Registered
90
3
- 90 90
1954 J-D
Gold 4s of 1904
1919 A-0 10478 ____ 10434 Dec '11
Iowa Div sink fund 5s
Th:se are p rices on the At 31* o ($6 to
:
•
4
-66174 -6614
1919 A-0 0914 993 9914 Feb '12
Sinking fund 4s
State and City Securities
2 9812 99
8
8
Nebraska Extension 4s 1927 M-N 9858 987 983
10213 1027 140 10218 102 8
4
4
983
7
4
-4 jis
1960 M-S 1023 Sale 100
N Y City
1927 n-N 0713 __ 9818 Mch'll
Registered
10018 122 99 8 10018
7
10018 Sale
4% Corporate Stook_ _ _ _1959 MN
10018 42 9978 10018
Southwestern Div 4s_ _ _1921 M-S 9913_. 9918 Dec '11
1958 M-N 100 10018 100
4% Corporate Stock_
2 9934 10014
Joint bonds See Great North.
1957 M-N 10014 Sale 10014 10014
4_% Corporate stock
6 10078 10158
1913 MN 101 10158 10114 10158
Debenture is
8 10778 13 1071 1071
M N 10712 10778 1077
1957
• New 4 ;is
9678 44 9658 9714
8
1 10211 10234
1958 M-S 9658 Sale 966
General 4s
8
4
1917 11-N 1027 10312 10234 1023
• New 4;is
S078 12 8014 8112
imp gs_1955 J-J 8013 Sale S012
8
8
Stook_ _1957 M-N 1075 10778 10758 10778 10 10713 1077 Chic 63 16111 ref &6s 4
43% Corporate
1 124 125
1934 A-0 12334 12434 12434 1243
10213 Feb '12
1st consol gold
10214 10212
8
• 4 14% assessment bonds_1917 M-N 1075 10778 8718 Jan '12
2 10914 11118
110
1937 11-N 11() 11038 110
General consol 1st 5s
8
8718 8718
867
83% Corporate Stock_1054 111-N 10213 8712 10234 1023
10914 10914
10914 Feb '12
1937 M-N __
6 10134 10278
Registered
10234
1961 M-S
-4s
ti Y State
10
Chic do Ind C fly 1st 5s_1936 J-J 10913 ____ 10912 Feb '12 - -- 109 10913
10278
Canal Improvement 4s_1961 J-J 10212 10234 10234 1023 ....„ 1011 103
827g 77 8213 83
Chic Gt Western 1st 4s_ __ _1959 31-5 8212Sale 8212
10134
10234
Canal Imp'ment (new) 45 1961 J-J 10212 1023 10234 Feb '1
129 Feb '12 ---- 12734 12913
ii
10112 Nov,
— - Chic Ind & Loulsv—Ref 6s_1947 J-J 12814
Canal Improvement 48_1960 J-J 10212
1047 J-J 10912110 109 Nov'll
Refunding gold 55
_
-- ----- 10312.1'1y '10
033 J -J -go Carolina 454s 20-40
5
41 95 8 Apr '11
..
1917 J-J
Refunding 4s Series C
9714 ...... 98 Oct 'II
--Tenn new settlement 3s__1913 J-J
- 3 881
6g1Ind do Loulsv 1st gu 4s_1956 J-J --- --- 8812Jan '12
---__ _1991 J-J *. . 8814 8612 Dec '11
Virginia fund debt
9012 9012
Feb '1
46 5214 Ohio Ind & Sou 50-yr 4s_ _ _ _1956 J J 9053 9312 9013 Jan '12 —
2-3s1511 deferred Brown Brosctfs_---_ 47 ...— 49
Chlo L S & East 1st 450_1969 J-D ___ 104 104 Dec 'II
1
i6f3:
Chic Mil & St P terml g 5s_ _1914 J-J 10134 10238 10134 Feb '12
Railroad
9878
5
3
6 98 8 9918
4
2 791 8414
Gen'l gold 45 Series A_e1989 J-J 1:83 991 98 4
84
1j1995 Q-J 8114 84 84
Ili) Arbor 1st g 4s
e1989 Q-J 9812 __ 98 Jan '12 ----i98 98
Registered
9934 236 99 9934
tch Top & S Fe gen g 4s_1995 A-0 9958 Sale 9938
8
Gen'l gold 3%s Series B.01989 J-J 8614 8634 867 Jan '12 ---- 86 8678
98 9814
1995 A-0 9712 __ 9814 Feb '12
Registered
86 J'ne'll
61989 J-J 85
Registered
2 9114 0238
9214
Adjustment gold 43...._81995 Nov 92 Salo 92
921g 21 921 9
-274
1934 J-J 92 9214 9213
25-year deben 48
9014 91
91 Jan '12
Nov
Registered
81995
1921 J-J
9214
9112 9258 Chic & L Sup Div g 5s _1926 3-i 10613 ___ 106 Dec 'II
4
Stamped
81995 11-N 913 92 9214
---- ___ 108 Feb '12
Chic & Mo Itiv Div 5s__
Oonv 4s issue of 1909 _ _ _1955 J -D --- ____ 11438 J'ne'II 22
1921 J -J 1061 10712 10618 Feb '12 — 106 10638
2
1654 1671 Chic & P W 1st g is
8
1063
1055 J -D 106 Sale 106
Cony gold 4s
CM & Puget Sd 1st gu 481949 J-J ____ 95 95 Feb '12 --- 95 951
8
Cony 4s (issue of 1910) _1960 J -D 10114 Sale 10114 10112 135 10014 1017
8
1916 J-J 10278 1035 10318 Aug'11
Dak & Gt So gold 5s
4
4 10812 39 10718 109
1917 J -D 1073 10812 1073
10-year cony gold 5s
113 11359
Dubuque Div 1st s f 63_1920 J-J 11314 11334 11358 Feb '12
8Jan '10
987
Debentures 4s Series J.1912 F-A ---_
_1924 J-J 115 ____ 11738 Aug'11
Far do Sou assum g 6s._
___
1913 F-A --- ---- 9914 J'ly '11
Series K
4
1919 J-J 1033 __.,_ 10412 Dec '11
LaCrosse de D lst 5s
-66 66
East Okla Div 1st g 4s_1928 M-S 06 ____ 96 Jan '12
16638 16658
10638____
g
Wis 63 Minn
93 9314 9312 Feb '12
9234 9312 Wis Vali Div Div Os5s...„1921 J-J 11212 _— 1063s Jan '12
Short Line 1st 48 gold_1958 J-J
s
1123 Nov'll
1920 J-J
1st
S Fe Pres & Ph 1st g 5s_ _1942 M-S 10014 110 10834 Noy'll
_ 1013 Dec '11
4
1913 .1-1) 102
Mil & No 1st cons 6s
8
1915 81-S 1055 __ 10638 J'ly '11
Chic 63 St L 1st (Is
10014 Noy'll
1913 i-D 10014
Extended 48s
75 9514 -664
963
AU Coast L 1st gold 48_81952 181-S 961 Sale 9612
6 10712 105
108
Chicago & N West cons 78 _1913 Q-F 108 10838 108
— ---81052 31-S- ----98 Oct 'O.
Registered
9714 9714
1886-1926 F-A 9714 ___ 9714 Jan '12
Extension 45
Ala Mid 1st gu gold 53. _ _1928 11-N 109 ___ 10858 Aug'11 _
9734 Noy'll
1886-1926 F-A ____
Registered
4
.
"6E4 0
'12
3
Bruns &W 1st gu gold 45 1938 J -J 955tt -..... 05 4Jan
6 661;"if
87
3
1987 M-N 86 4 87 8614
General gold 33
-is
--- —56
Charles & Say 1st gold Ts 1936 J -J 13/ ---- -,,
p1987 Q-F 85 ___ 8634 Noy'll
Registered
8
953
4
-6112 -6E3- General 4s
o1952 M-N 9518 Sale 05
4
L 63 N colt gold 4s
9814 84 973 9884
1987 M-N 98 Sale 98
4
Say F & W 1st gold 65_ __1934 A-0 1233 12534 12514 Dec '11
11134 Nov'll
Sinking fund 6s____1879-1929 A-0 11118
8
1103 May'll
1934 A-0 10013
1st gold 53
1879-1929 A-0 11012 ____ 11114 Nov'09
Registered
J-J 97 0814 97 Jan '12 JO "di -97 Bil Sp Oca & G gu g 4s_ _ _1918
1879-1929 A-0 10718 110 10712 Oct '11
93
Sinking fund 5s
4
9134 93
Ohlo Prior 3;is __ _1925 J-J 9212 923 9253
1879-1929 A-0 10413 ____ 10378 Dec '11
Registered
907 907
8
8
8
907 Jan '12
81925 Q-J 01 _ _
41., Registered
4 1043
1921 A-0 10434 Sale 1043
0914 115 9734 9914
Debenture 5s
A-0 9914 Sale 99
81948
Gold 48
1921 A-0 103 ____ 1061Feb '10
Registered
_
9813 J'ly '1I
81948 4Q-J 97
Registered
1933 .11-N 10812 _ _ 10813 Feb '12
Sinking fund deb is
112 112 112 Jan '12
ltts Juno 1st gold 6s__ _ _1922 J -J 1121
193331-N 106
10734 Aug'11
Registered
8814 8814
'12
' juno 63M Div 1st g 3;01925 M-N 8818 89 13814 Jan917
8 14 91 92
Frem Elk de Mo V 1st 6s_1933 A-0 *1261 ____ 12718 Noy'll
L E do W Va Sys ref 48_1941 M-N 91% Sale 9134
3 91 9113
Mani G B 63 N W 1st 3 s 1941 J -J ____ ____ 9012 Sep '09
0112
oUthw Div 1st gold 3;is 1925 J-J 9114 9134 9118
__
_
Milw & S L 1st gu 3 ;is_ _1941 J -J
103 Meh'10
Ion Ohio II 1st c g 4;0_1930 M-S 10014
114 11518
11013 1161 Mil L S & West 1st g 6s_1921 31-S 110 Sale 114 Jan '12
2
1 Lor do W con 1st g 58..1933 A-0 11012 11112 11011 Feb '12
110
110
Ext & imp s f gold 5s_ _1929 FA
F-A 10214 10412 10214 Dec '11
Monon Riv 1st gu g 5s__1919
Ashland Illy 1st g 6s_ _1925 Al- S 11612 _ _ _ 14212 Feb '02
_ 10912 Apr '11
Ohio River RR 1st g 5s__1936 J -D 109
Mich Div 1st gold 6s 1924 J-J 11613._ 1161 Oct '11
1937 A-0 108 11012 108 J'Iy '11
General gold 58
Northw Union 1st 7s g_1917 11-5 112 11478 115 J'ly '11
11313 11312
11312 ____ 11312 Feb '12
Pitts Clay & Tol 18t g 68_1922 A-0
Winona & St P 1st eat 7s 1916 J-D 11112 1147 11334 Aug'11
9712 ____ 9712 Sep '11
Pitts 63 West 1st g 4s_ _ _1917 J-J
16678 1617i
10878
J-J
— — - Chicago Rock Is & Pa 6s _ _1917 .1-.1 1081109 109 Feb '12
Stet Isi Ity 1st gu g 4 As_1943 J-D 88 90 95 Nov'll
Aug'10
107 ____
1917
Registered
_ 11258 Noy'll
4
- - -- General gold 4s
1937 M-S 1113
Buffalo R & P gen g 5s
0614
-6E1 -661
8 8
1;614 Sale 9614
1988 J-J
4
1957 M-N 10514 16113- 1071 Aug'11
Consol 4 ;is
95 9614
1988 J -J 9514 96 9614 Feb '12
Registered
All do West 1st g 4s gu_ _1908 A-0 9512 -___ 07 Feb '11
- ---- Refunding gold 4s
9058 65 8918 9034
1934 A-0 9018 Sale 9018
103 J'ly '08
Cl & Mah 1st gu g 5s___ _1943 J -J 108 _ _
---------1912 M-N 973 ---- 971 j'IY '10
Series J 43
4
___ _ Coll trustL
Roch 63 Pitts 1st gold 68_1921 F-A 1125 ...:, _ 11334 Noy'18
1914 111-N ____ ____ 9734 Sep '11
---Series
1922 J-D 11114 116 1107 Moh'11
8
Consol 1st g Os
191531-N ____ ____ 9612Noy'll
3145
lf! 63 Susq 1st ref g 4s_ _ _d1951 J-J --- 50 72 Meh'10
191631-N ____ ____ 94 Dec '09
8 1611- 10178
2
1913 J-J 10134 Sale 10134 1013
N 43
an So 1st ext Os
1 10012 101
1917 M-N ---- --- 9414 May'10
5
0 45
1913 M-S 100 3 Sale 10058 1005
2d is
191831-N 9514 9512 9434J'ne'11
4
3 Jan '11
P 45
-----100
1913 M-S...,...Registered
7278 270 7113 "734
8
2002 M-N 717 Sale 7178
11334 Jan '12
11334 11384
1125
Chic RI 63 Pac RR 4s
gentral of Ga 1st gold 5s__p1945 F-A 8
7284 7234
17 109 11012
2002 M-N ___ ____ 7234Jan '12
Registered_ ..
4
1945 11-N 1003 11014 10034 110
Consol gold 58
9212
9214 93
1934 M-S — - 9234 9212
10712 Nov'll
R I Ark & Louis 1st 4 ;is
1945 M-fsl 107
Registered
11078 11112
Bur 0 It & N—lst g 5s 1934 A-0 1 18 _ 1_1_112 Feb 'l'1
pref income g is___ _p1945 Oct -.-- _ — 103 Dec '11
• 1st
1934 A-0 ___12012 Mch'03
Registered
_- _-__ 10012 May'll
- Stamped
•
___10514Sep 'II
CRIF &NW1stgu53'21 A-0 ________
--------106 Dec '11
--2d prof income g 5s_ _ _p1945
2_
.
_
1927 J -D 1_ 1_
M &StL1stgug7s
---- --__ 98 Noy'll
• jd pref income g is stamped .
10234 Aug'11
Choo Ok & G gen g 5s_ _01919 J-J 10214
107 Dee '11
Oct-3d pref income g 53_ ___p1945 Oct -------Consol gold is
1952 M-N 10612 10778 10812 Sep '11
3d pref income g 58 stamped_ _ -_ _ --- - -___ 8518 Oct '10
4
1923 A-0 1003 10113 10034 1003 • l 10034 101
Kook 63 Des AI 1st 5s
8958 01
Chatt Div pur mon g 4s1951 J -D 9012 91 8953 Jan '12
2 12314 12334
1930 J-D 12338 12378 12313 12313
10714 10714 Chia St P M & 0 con 6s
Mac do Nor Div 1st g 53_1946 J-J 107 ___ 10714 Jan '12
Cons 6s reduced to 3 As_ _1930 J -D 91 ____ 93 Dec '03
Mid Ga do Atl Div 5s____1947 J -3 10518 ___ 115 Nov'05
12338 Deo 'II
Ch St P & Minn 1st g 62.._1918 81-N __
—
4-3 10713 _ _ _ _ 10934 May 11
1946
Mobile Div 1st g 55
Nor Wisconsin 1st 6s_ _ _ _1930 J-J 123 __ 12958 May'09
gen RR & B of Ga col g 53_1937 M-N 10258 104 102 Nov '11 - — 12134 12234
91111 11113
St P & S City 1st g Os_ _ _ _1919 A-0 11113 11134 11118 Feb '12
Gent of N J gen'l gold is.. ...1987 J-J 12213 12234 12234 Feb '12 — 12112 122
—_
_
Superior Short L 1st 5s g _1930 M-S 108
Registered
81987 Q-J 122 12314 122 Feb '12
9 108 10813
& West Ind gen g 69_91932 Q-M 10813 Sale 10812 1081
Ohio
107 107
a Dock & Imp gu 5s___1921 ,I-J 10634 __ 10'7 Jan '12
4
3
9134 92
1952 J-J 9134 9218 9134 Feb '1
Consol 50-year 4s
63 Hud It gen gu g 53_1920 J-J 1015 — - —
8
--2 166" 100
Cin ii 63 D 201 gold 4 1is__ _1937 J-J ___ 101 10038 Dec '11
100 h & Wilkes-1) Coal 5s_ _1912 31-N 100 __-__ 100 1959 J-J ____ 9112 ___
1st & refunding 4s
4
N Y 453 Long Br gong 49_1941 M-S 993 ___ 100 Dee '11
ow. RA Mav.11
1st yuaranteed 4s•_ __ _1959 J-J
9214 63 90 9214
_ 92
Cent Vermont 1st gu g 48._01920 Q-I? 9214
MISCELLANEOUS BONDS—Continued on Next Page,
Low
A
t &
TII. al
E
•
... ..
g
-
Street Railway.
9614 98 •
4
103 1033 Manhat By (NY) cons g 43.1990 A-0 9712 _ _ 9738 Feb '12
4
103 10614 10334 1033
7 9634 9813
98
Stamped tax-exempt___ _1990 A-0 9712 99 9778
8513 Sale 8513
8
857 151 8378 861
101 102
101 Feb '12
Met St By gen coil tr g 55_ _11197 F-A
10113 102 102
10 10113102
102
14 97 10314
10073 101
8
1667
Guaranty Trust Co certifs_ _ _ _
*9613 971 97 Nov'll
59 Dec '11
2002
Refunding gold 4s
. 3
-5f1- 62 •
____ 80 62 Feb '12
Farmers' Loan ea Tr ctf_
1614fa;
MS'Wilt; 1151- 16F
2 5752 62
/914
8034 1914
Stamped
10284 10318 102 Jan '12
_ 10112 102
98 80 811
81
8034 Sale 801
8518 861 861s
Refunding 4s 'when issued)Wg
5 8312 851
56 480 5414 5913
5534 Sale 55
Adjustmt (no is (cab issued)1 8413 86
8618 811 so
103 104
104
10312 10414 104
8014 8059 80
Sway & 7th Ay late g 5s_1943
IS
1 78 81
10113 10113
10112
Col & 9th Av 1st gu g 53_1993 11-S 10113 10212 10112 Jan '12
101 10178
10178 Jail '12
102 10213
10112 _
Lox Av 63 P F 1st gu g 59_1993 M-S 1021103 10214 Jan '12
10173 Dec '11
80 80
80 Jan '12
43..2000 J-J
Third Av RR cons gu
---- - - _
7818 811i
806 Jan '12
Central Trust Co certs
79 Jan '12
79 793
7714 170 7612 8114
7612 Sale 7612
Tr Co ots stamped_ _
Cent
90 J'ly '10
4
003 8534 102 8478 86 ,
8512 Sale 8513
1st ref 4s when issued
-66""W.;
4
- 098 9934 Feb '12
7614 174 7512 8014
78 Sale 76
8318 Sale 8214
Adjust ino 5s when issued_
8313 357 8013 8412
10938 11012
109 1091 11014 Feb '12
1041 Sale 10413 1043 40 10318 105
Third Ave By 1st g is.,.. _1937
4
Opllon sale.
No price Friday: latest this week. d Due April. e Due May. h Duo Ju y. kpeA34g,_ o Dge Oet. p Due Nov 4 rae De0. I
Street Railway
1045 A-0
Brooklyn Rap Tran g is
1st refund cony gold 45_ _2002 J-J
City 1st con is 1916-1941 J j
Bk
Bk Q Co & S con gu g bs..1941 M-N
Bklyn Q Co 63 S 1st 5s___1941 J-J
Bklyn Tin El lit g 4-5s__1950 F-A
Stamped guar 4-5s____1050 F-A
1949 F-A
Kings Co El 1st g 45
1949 F-A
Stamped guar 48
Nassau Eleo guar gold 48_1951 J-J
COnnRy&Llst &ref bg 4)is_'51 J-J
1951 4-3
Stamped guar 4 yis
enver Con Tram cons g 58_1933 -0
§
1st cons g 4345_1932 J -J
Bet United
Grand Rapids By 1st g 5s 1916 j-D
Havana Elec consol g 5s__ _1052 F-A
Intorboro-Metrop colt 4 3is_1956 A-0
Interboro Rap 'Fr is Ser A_1052 M-N
474
New York Bond Record—Continued—Page 2
.
t
BONDS
..1
N. Y. STOCK EXCHANGE.
Week Ending Feb. 16.
Price
Friday
Feb. 16
Week's
Range or
Lou Sale
1
3
,
51
Range
since
Jan. 1.
BONDS
N. Y. STOCK EXCHANGE
V,
[VOL. Lxxxxiv
Price
Friday
16
4
Week's
Range orO
n
Last Sato
5,121,
Range
Since
Jan. 1.
Bid
Ash Low
Oln Ham & Dayton (Continued)
High No. Low High St p M & in (Continued)—
Bid
Ask Low
High No. Low High
_1941 M-N 1
Cita D & I 1st gu g
15 04 Feb '12 __-- 10312 10414
Pacific Est guar 4s £_ __1940 J-J
03 ___
9258 Mch'll
58__0 Find & Ft W 1st gu 45g 1923 M-N ----------88 Mehl'
_
__
E Minn Nor Div 1st i4s1948 A-0 97 083 9812Jan '12 ____ 9
4
.
62 9812
' Cln I & W 1st gug 4s___ _1953 J-J
8712 _ — 8712Feb '12 ____ -871- -871;
2
Minn Union lst g 6s___1922 J-J 116 11612 116
116
1 116 11(1
' Day & Mich 1st cons 43s 1931 J -J 104
____
Mont C 1st gu g 6s____1037 J-J 1273 ---- 12714 Nov '11 __ __
Ind Dec & W 1st g 55____1935 J -J 10412 ____ 104 Feb2
'12 _-__ 104 - 1041Registered
1937 J-J ---- ------13614 May'06 ---- __-- --1st guar gold 5s
1935 J -J
10712 Dec '02 ---1st guar gold 5s
1937 J-J 11114113 11234 Sep '11
_
-- -__
Cleve Cin 0 & St L gen 0_1993 J -D 923 Sale 9212
9314 10 -921; -oil4
Registered
1937 J-J
4
____ ___ _Cairo Div 1st gold 4s
1939 J -J 9234 9412 94 Dec '18 __-- ____ _
Will & S F 1st gold 55_1938 J-D 113 ____ 11212 Sep '11
Cin W &M Div 1st g 43_1901 J -J
91
93 91
01
Gull & S I lst ref & t g 5s__61952 J -J
1 0014 01
91 93 05 Jan '12 ---- 95 - -05 St L Div 1st col tr g 48_1990 M-N 93 Sale 9134
93
11 913 9312
4
Registered
61952 J-J ___
_ ____
____ ____ ____ ____
Registered
1990 M-N 80 ____ 91 Oct '07 ---- __
T_Tock Vol 1st cons g 4;0_1999 J-J 1021- Sale 10214 10214 10 102. 10258
4
' Spr de Col Div 1st g 45_1940 M-S 90 ____ 90 Dec '11 ___ _ -- -- 1.1- Registered
1999 J-J ---------10012 Sep '08 ____ __
W W Val Div 1st g 4s
1940 J -J
9114 9418 91 Deo '11 _--- _-_-- -Col & H V 1st ext g 4s
1948 A-0 0512 ____ 9412 Dec '11
0 1 St L & () consol 6s
1920 M-N 10658 ___ 1053 Dec '11
Col & Tol 1st ex 4s
4
---1955 F-A 0434
--- --- 0618Jan '12 ___ 0618 9618
1st gold 48
81936 Q-F 9612 963 0613 Feb '12.— 9612 9'7
4
Hous Belt & Term lit 5s
1937 J-J
9912 993- 0912Feb '12 ____ 9912 0912
4
•
Registered
81936 Q-F 95 9718 9718 Dec '11
____ __ __ TIllnois Central—
Cin 3 de CI con 1st g 5s___1928 J -J 107 10712 10718
1 10718 10718 '. 1st gold 4s
10718
1951 J-J 10314
103 Dec '11 ____ ....... __
C C 0 & 1 consol 7s
1914 J-D 10534 10658 10712 Aug'11 Registered
1951 J-J 100 101 100 Sep '11 ____ ____ ___
Consol sinking fund 75..1914 J -D
lit gold 3345
•
---- —
90 ---- 91 Aug'11 ____ ____ ____
1951 J-J
• General consol gold 6s.1934 J -J 1231- -_-___ 12134 Oct
2
-- --Registered
- ____
1951 J-J
89 Apr '11
_
Registered
1934 J-J
Extended 1st g 3345.,., 1951 A-0 -----------9312May'09 -- ---- -___
____
- ____ ____
______
Ind 111 & W 1st pref 4s
1940 A-0 -- ____
---------94 J'iy '08 ---_
Registered
1951 A-U
0 Ind & W 1st pref 5s__d1938 Q-J _--- ---- --1st gold 3s sterling
-- - , -,--- --,,--1951 51-S ____ ___ ai- J1155 -__ _ ___ _ _ _ _ _
,
Peo & East 1st con 4s __ _1940 A-0 91 ____ 9112 -911. -3 011- -92 Registered
1951 M-S
2
-- - --—
Income 4s
1990 Apr
36 3814 38 Jan '1
Coll trust gold 45
38 40
ioo
.
8 foo 1.66
1952 A-0 iod Salt' id
Col Midland 1st g 4s
1947 J-J
4958 53
b0
10 4912 5813
50
Registered
1952 A-0 ____ 11812 0812 Aug'11 __ __ _ _ _
Colorado & Sou 1st g 4s
1929 F-A 9678 98
9678
1st ref 4s
9678
2 06 9714
1955 m-N 9612 96 9612
52
9658 13 9638 9638
Refund & ext 430
1935 M-N 9734 Sale 9734
9178 13 9718 9818
Purchased lines 334s
8614 8678 8618 Jan '12 ____ 8618 8613
1952 J-J
Ft W & Den C 1st g 65
4
1921 J -D 1113 11218 112
112
5 11118 11218
L N 0 & Tex gold 4s
1953 M-N 9814 0918 9838
083
8
I 98 8 0912
3
Conn & Pas Rlvs 1st g 48_1943 A-0 ---- ------ ---- --_
Registered
1953 M-N ____ 9812 9134 Jan '11 ____ ____ _ _ _ _
Cuba RR 1st 50-yr 5 g
166 maiT
1952 J -J
-lo Cairo Bridge gold 45
97l Feb '11 ____ __ __ _ _
1050 J-D 95 97
el Lack & Western—
Litchfield Div 1st g 3s
1951 J-J 76 78
7518 Sep '11 ____ ____ _ _ _
"-, Morris & Essex 1st 711_1914 M-N 106 107 1063 Nov'll
4
Loutsv Div & Term g 3;01953 J-J
8518 8618 85 Feb '12 _—_ 8412 85
1st consol guar 75
1915 J -D 10878 ____ 10918 Feb '12 __-- 10918 10918
1953 J-J
Registered
84 ____ 8314 Nov10 ____ ___ ___
Registered
1915 J -D 105
11138 Dec '10 ---Middle Div reg Is
1921 1
0-A 10534 ____ 123 May'99 .._ ___ _ _ _
1st ref gu g 3 30
2000 J-D 8512 _
91 Jan '11
Omaha Div 1st g 3s
1951 F-A 75 ____ 7618J'ne'll ____ ____ ___
1921 J -J 114 11518 11414 Jan '12 -.:— 11414 11414
Lack & W 1st 6s
St Louis Div & term g 3_1851 J-J
75 77
7512 Jan '11 _____ _ _ _ _
___
1023 F-A 106
Construction Is
__ __
10638 Nov'll - -_
7312_ _
Registered
1951 J-J
Term & Improve 4s_1923 M-N _--- 99 98 Dec '11
Gold 334s
1951 J - J
8512 863- 863 Fel) -2 _ _ 86 4 863'
14 .4
34
Warren 1st ref gu g 3 30_2000 F-A____ 10218Feb '03 _______ ___
1951 J-J 84
Registered
_ 10118 Oct '99 ___ _—_ ---Del & Hud 1st Pa Div 7s_1017 M-S HAI 11512 11512 Aug'11
Spring Div 1st g 310
1951 J-J ----------100 Nov'00
____
Registered
149 Aug'01 --- ---- ---1917 M-S
Registered.,
1951 J-J 84
; 10-yr cony deb 4s
1916 J -D 9812 Sale 9812
9878 32 9712 09
Western lines 1st g 4s
1951 F-A
96 ____ ii'd Jaii-r ____ 96 06
li
8
1st lien equip g 410
1922 J-J 1015 Sale 10158 10158
1 10138 10158
Registered
1051 F
-A_—___
99
1st 6; ref 48
1943 al-N 98 87
Bellev & Car 1st 6s
9918 53 0858 9918
1923 J-D 116 _
11712 May'10 _-- -- --• Alb & Sus cony 3 10.... 1946 A-0 9212Sale 92
9212 00 9114 93
Carb & Shaw 1st g 4s
1032 M-S 943 ---- 9514 Oct '10
4
- -Rens & Saratoga 1st 7s 1021 a1-N 12134 ____ 122 Dec '11 ----_ __
Chic St L & N 0 g 55
1951 J-D 11434 116 116 Jan '12 ___ 116 - 116
Denver & Rio Grande.=
Registered
1951 j
-D 113
14 Feb '11 ____ ____ —.
• 1st consol gold 45
1936 J-J 00 93 8978 Jan '12 —
. Gold 334s
8914 8978
1951 J-D ---- -----____ 00 Oct '09 __ ____ ---Consol gold 45s
1936 J-J
93
08 Jan '12 --__ 98 98
Registered
1951 J-D
Improvement gold 155
1928 J -D 9812 Sale 9714
9812 17 96 9812
Memph Div 1st g 43..„1951 J -I) 66 -___ 6
-F2mo11'16
—.
• 1st 6: refunding 5s
1955 F-A 891 Sale 8834
90 551 86 91)
Registered
1951 J-D
Rio Cr Juno 1st gu g 55_ _1939 J-D ---- ----10414 Mch'll -- __---1931 m-s iig til iig rli '1-1.
L Sou 1st gu g .ta
.8
--• Rlo Gr So 1st gold 4s
1040 J-J ____ 60 6112 Apr '11 _____ ___ Ind III & Ia 1st g 45
06 9512 05 Jan '12 ____ 947; 96
1950 J-J
Guaranteed
1040 J-J ______ 85 Meh'08 __-fist & Great Nor 1st g 6s
1 108 10818
1919 MN 10812 ___ 10812 10812
• Rio Cr West 1st g 4s_,_1930 J-J
87 88 8888 Feb '12 __-_ 85 81118 Iowa Central 1st gold, 5s
1938 J-1) 10112315111 10112 102
8 10112 10213
•
Mtge & col trust 45 A 1940 A-0 78 8018 78 Jan '12 __-_ '78 '78
Refunding gold 43
1951 M-S 64 Sale 63
64
2 63 664
Utah Cent lst gug 45
____ 97 Jan '02 ____ ___ __ jamestown Franklin do
-.a197
A-0 .
1917 M-N 99 ____ 110 Sep '04 __ ________ a Clearfield let 4s
Des Mol Un By 1st g 55
1959 J-D 9414 941 9414 Feb '12 ____ 9414
1995 J -D 9212 95 92 Nov'll ___ ___ __ __
Det & Mack 1st lien g 4s
an City Sou 1st gold 35_1950 A-0 73
4
74 Feb '12 ____ 7314 74 •
Gold 45
1095 J -D 9012 92 90 Jan '12 ____ 90 90
Registered
1950 A-0 ---------63 Oct '00
_
11 100 1007
Ref & inapt iSs
100
Det Riv Tun Det Ter Tun 4 0'61 l'il-N 994 10018 100
2
Apr 1950 J-J 100 Sale 00
10018 25 997;10014
& 1-0 S Div 1st g 481941 M -S 75 __ 75
Kansas City Terml 1st 4s_1960 J -J ---- 9812 9812
Det T
4 76 75
75
7 0812 08 s
081
5
DUI Missabe & Nor gen 5s 1941 J-J 105 106 1044 Deo '11 ____ ___ T ake Erie do W 1st g 15a__ _1937 J-J 109 11012110 Feb '1
-. 10812 110
A4 2d gold Os
8 106 106
106
Dul & Iron Range 1st 5s.-1937 A-0 106 Sale 106
1941 J-J 10414 Sale 10414
10414
13 10414 10414
Registered
1937 A-0 103 ____ 10612 Meh'08 -- ---- ---North Ohio 1st gu g 55_1945 A-0 105 ____ 10712 Oct '11.— ---- „....,....
ad 65
1916 J -J --------104 Feb '11
..-- --- Leh Vail NY 1st gu g 4;0_1940 J-J 10514 1001410514Jan '12 ___ 10514 102
'4
Dui So Shore 6: Atl g 5s_
1937 J -J 104 108 107
107
Registered
3 107 107
1940 J-J 10412 ____ 10412 Oct '11 __ __-Vigin Jot & East 1st g 5s_1941 81-N 1103 Sale 11034
2 11034 110 4 Lehigh Vail (Pa) cons r 48_2003 M-N 9714 --- 978 Oct '11 __ __ -4
11034
3
X.irie 1st consol gold 7s
1920 3.1-S 118 110 118 Nov'll ____ ______ Leh V Ter By 1st gu g (Ss_1941 A-0 113 1141811378 Nov'll ___ ---__
N Y & Erie 1st ext g 4s_1947 M-N 100 ___ 10112J'ne'll
Registered
OIL...1933 A-11 11158 112 11118 Dec '11 __ — — —
1941 j..
2d ext gold 5s
10412
1919 M-S 104 ____ 10412
2 10412 1044 Leh V Coal Co lst gu g
107l4.__ 108 Nov'09 _— --10212 1021
1023 M-S 1024 _
3d ext gold 410
3 10212 1023
Registered
4
1933 J-J
4th ext gold 5s
1920 A-0 105 Sale 105
105
3 103 10514
1st int reduced to 4s.,
.
1933 J-J ...,,, ---- --,.... - -- 5th ext gold 48
1928 J -D 96 100 100 Jan '12 ____ 100 100
Leh do N Y 1st guar g 44_ _1945 M-S 961- --__ IN.13 Oct2
4
11 _
-• N Y L E & W 1st g fd 7s_1920 M-S ___ 119 118 Oct '10
Registered
1945 hI-S
Erie 1st con g 4s prior_1906 J- J
8914 90 8914
90
3 0
El 0 & N 1st pref 68
7 887 9
1914 A-0
1.( il2Fel3. _—_ ---- ...- )
16
•
Registered
88 Feb '12 ____ 88 138
1906 j-J
88
Gold guar 135
1914 A-0 10014 ____ 10114 Sep '09
---..
1st consol gen lien g 4s_1996 J -J
7814 78 4 7812
3
7834 18 78 79
Long Island
Registered
77 J'ly '11 ___ __ __ __
1906 J-J
1st consol gold 55
31931 Q-J 11014 112 10934Jan '12 ___ 10934 110
Penn coil tr g 4s
89
1951 F-A 89 Sale 89
40 8818 89
1st consol gold 45
31931 Q-J
93
____ -86
•
50-year cony 48 A__1953 A-0 86 87 86
20 8558 87
General gold 4s
.
.112
-D 0412 tile 9
1038 j
I-.it2
)
1 9412 9418
Series B
1953 A-0 7612 Sale 7512
do
7612 217 7514 7612
Ferry gold 434s
1922 11-S 9612 100 100 Aug'11 ____ ____ ____
1 10834 1103
11034
3
Buff NY & Erie 1st 7s_1018 J -D 10978 11034 110 s
Gold 4s
1932 J -D 9118 __
4
9914 Oct 06 _—_ ---- -2 1.12.44 11315
11318
• Chic & Erie 1st gold 58_1982 ,n-N 113 11358 11318
Unified gold 4s
1949 n-s *____ 93 92 Feb '12___ 92 9212
Debenture gold Os
• Clev do Mahon Val g ISs 1938 J -J 10934 ____ 111 Apr '11 ____ __
1934 J -D 102 10412 10412 Dec '08 ___ _ _ _ _ _
1938 Q-J 108
Registered
_ ___
_
Guar ref gold 45
1949 al- S 90 ---- 9614
3 967
2
967
11
Dock consol g as__ _1935 A-0 123 126 12518 Nov' --- ____ ____
Registered
Long
.
1940 n-s ,._
----------95 Jan '11 ............_ __
N Y 11 & MB 1st con g 55 1935 A-0 1053- ---_ 1014 Nov'06 ____ ..--- --• Coal & RR 1st cur gu 63_1922 ill-N 1004 107 1G418 Oct '11
4
N Y & II 11 1st g 5s
Dock & Imp 1st cur 6s 1913 J-J 10113...._ 10134 Dec '11
8
M-S 1037 __ .... 105 Apr '07 _
1927
-,-- ---_ 10212 Sep '11
• N Y & Green L gu g 5s._1946 81-N 10212
Nor Sh B 1st con g gu 5s.o1932 Q-J 1057 10714 10714 Jan '12___ 10012 10714
8
Louisiana & Ark 1st g 5a __ _1927 M-S ---- 96 9734 Sep '11 ______ ---• N Y Sus & W 1st ref 5s 1937 J -J 103 105 10312 Jan '12 -___ 103 105
1937 F-A 80 ____ 10014 Dec '06
' 2d gold 430
Louisville & Nashville—
1940 F-A 8812 ___ 89 Jan '12 ---- 89 89
' General gold 5s
General gold Gs
1930 J-D 11612 ____ 11012 1161
2 11578 11813
Terminal 1st gold 5s 1943 M-N 10912 ____ 10812 Dec '11 __ ___ __
Gold 5s
11112 Jan '1 __ 11113 11113
1937 M-N 112
1940 A-0 11112 ____ 11012 Oct '11 __—__
Mid of NJ 1st ext 5s
Unified gold 4s
1940 J-J
093 Sale 0914
8
991
48 99 9952
102
5 10014 102
1942 J -D 102 103 102
Wilk & Ea lst gu g 5s
Registered
1940 J98 __ -J - 973 Nov'1 1
4
- -- - - -.1926 J -J 106 ____ 110 Aug'11
Ev & Ind 1st con gu g 6s
Collateral trust gold 5s 1931 AI- N 1093 111 10912 Feb '12 7:: 10912 10934
8
0 11239 11238
11238
Evans & T H 1st cons 6s__1021 J -J 112338010 11238
E H & Nash 1st g 6s
1910 J-D 111 11138 11138 Jan '12 ____ 11138 11118
2 10212 10212
1st general gold Is
1942 A-0 10212 Sale 10212 10212
L Cln & Lox gold 4 30_ z1031 M-N 105 ____ 105 Feb '12 ___ 10434 105
Mt Vernon 1st gold 6s
1923 A-0 10758 ____ 108 Nov'II
N 0 & AI 1st gold 6s
1930 J -J 121 123 121 Sep '11 .._ - - - ,..,.,• Sull Co Branch 1st g 58_1930 A-0 95 ____ 95 J'ne'08 ---- -,
-__
N 0 & M 2d gold 6s
1930 J -J 117 118 11712Jan '12 ___ 11712 11712
9818 43 97 995g
E Coast 1st 4 10.._1959 J -D 9i78 98 98
Paducah & Mom dtv 4s 1046 F-A 95 0612 9534 Nov'll __ ___ ---- - lorida II D Co 1st g 450_1041 J-J
1 ort St
90 93 92 Aug'10 ____ —
_
Pensacola Div gold 8s
4
1920 M-S 1053 109 10534 Mch 1.1 _ _____.
8112 Jan '12 ..__ -811; -i112
Ft W & Rio Cr 1st g 4s
1928 J -J ___ 81
St Louis Div 1st gold 63_1921 n-s 11314 115 113 Oct '11 .._ ___ ......
ril_al H & H of 1882 1st 55_1913 A-0 9812 ____ 0712 Oct '11 -- ---2d gold 3s
__
1980 fl-S 6918 733 7112Feb '11 _
8
_ _—
%-ireat Northern—
AU Knox & Cin Div 45_1955 M-N 92 8 9318 9278
7
93
16 -1;26; ile
1921 J-J
9712 Sale 9712
9778 231 98 98 8
() B & Q coil trust 4s
Ad Knox de Nor 1st g 5s_1946 J -D 1127 115 112 Oct '11 ___ _— --8
3
•
Registered_ h
1921 Q-J *9712
9758
9/5
Hender BrIge 1st s f g 68_1931 M-S 105
5 063 983
_ 106 Apr '11
4
-,—
8
1st & refund 4 Us ser A 1061 J- J 10138 Sale 10138 10138 64 1002 10158
4
9412 05 95
KentuCky Cent gold 4s_ _1987 J-J
1 9ila Ub
05
Registered
L & N & M &11 1st g 4 301945 M-S 10512 ---- 103 Dec '10._ - - - J -,1
1933 --St Paul M & Man 4s
De;'II -_---- ____
8912 Feb '12 ___ 8112 iiia
L & N-South M Joint 4s_ _1952 J-J
1
1st consol gold 65
1933 J-J 1251
12552 Oct '11 Registered
----31952 Q-J --- ------95 Feb '0 .... ..., „,_Registered
1033 J-J ---- ----132 Apr '09 --- ---- -N Fla & S 1st gu g 5s____1937 F-A 10912 11112 0934Jan '12 ___ 109 d 19192
3
4
5 1061 1051
Reduced to gold 4;01033 J-J 10512 ____ 10512 1051
____
____
N de C Bdge gen gu g 4 Hs 1948 J-J 101
1933 j
Registered
-J _ _
__ 10834J'ne'0! -----------Pens & ALI 1st gu g 65___1921 F-A 11012 112 11614 Nov ii
,_
- — ---Mont ext 1st gold 45_1937 J -D 971- -98 9712
2
971
1 9712 9814
s & N Ala con gu g 5s___1936 F-A 11118 112 11118 Feb '12___ 111 11118
1:17orrlatesrari
11327 1I)
98 J'ne'i
L & Jell Bdge Co cu ti. 4s _1945 M-S 9114 911 911.; Dec '11 ..— --- ---..,"..
Week Ending Feb. 16.
i
,
a,
Feb.
_
-n
-
NY
at
941,
K
Kii" _
F
iii __ kii8
MISCELLANEOUS BONDS—Continued on Next Page.
Street Railway,
Met W S El (Chic) 1st g 4s..1938 F-A .
6
/6 9312 Ply :0 _.
1111w Elec By & Lt cons g 531926 F-A ------ --10113 Dec . -•
11
_
Refunding & eaten 434s_1931 J-J
94 ____ 9314 Deo 11 _,
Minneap St 1st cons g 55___1919 J-J 101 ____ 10712 1. eb '06 _,
8812
New On By & Lt gen 4345.1935 J-J
2
8514 8614 8812
Portland By 1st de ref 5s___1930 M-N 9834 _ 9812 Dec '11 _•
Portland By, Light & Pow—
Portjand Gen Elec 1st 53_1935 J - J ------------------,
St Jos By, L, H & P lstg Is 1937 M-N 98 101
ov08 _• -_-..
.
98
St Paul City Cab cons g 58_ _1937 J -J 1_ __ _ 10514Jan 12 .• _
Guaranteed 5s gold
1937 J -J _ ------------ 'Fri-City By & Lt 1st s f 58_1923 A-0
973
4
'5
977
8 44
Underground of London 58_1920 M-N ---- ----98 Apr: _• _
09
9512 9934 9614 Feb 12 _
1938 J -J
4348
' Income Os
1948 ____ *__ 8012 76 Jan :12 _ __
Union Elea (Chic) 1st g 5s 1945 A-0
___ 84 Oct 08 _
United Rys Inv 1st lien coil
8514 12
trust Os Pitts Issue
1926 M-N 8412 Sale 8413
841
Street Railways,
United Rys St L lit g 48_1934 J-J
St Louis Transit gu 55_1924 A-0
United RRs San Fr a f 45..1927 A-0
Va By dc Pwr 1st& ref 5s___1934 J -J
8813
7714 Jan '12
85 Jan '12
69
6914
9712
9634
7714
85
70
9713
194 ____ ___
167 .3 1871- Jan ,
01 .
6_ 0 3
0
1
I6 i i _-! (g .8 ig il
'71 : i6 14- o l
6
1
6
l
7,3,7,_..-
___2
—"(ig
iii6i8 ii51- igtSep
1
102 ...1 1;g3q0 .
.
::
ioti" -_-_ 102
10614 10012 106 Jan '12
101 ____ 6112Oct '01 ........... -- ---1C10 101 100 Oct
10458105 10113 Jan '12 ___ 1041 14
4
'09•Hudson
100 ____ (8)34 Jan '12 _. oois
!No price Friday: latest _bid a,nd asked,this week. a Due Jan. 6 Due Fob. 4 Dge Apill. It Due July. k Due Aug. skDno 99_
.
7714
86
11 69
17 90
Gas and Electric Light
Atlanta 0 L Co 1st g Si ___1947 J-D
Bklyn U Gas 1st con g 55109427 M -O
J
9345 AJ:N
-_-_-_-_ ---- Buffalo Gas 1st g 5s
10514 1651- Columbus Gas 1st g 5s
4
Detroit City Gas g Os
1923 J -J
_9_7_3 .
. 98_ Da Gas Co eon 1st g 5s
4
1918 F-A
9614 Dot Edison lit coil tr 58_1932 J -J
Eq G L N Y lit con g 5s
1032 31-S
7412 8212 Gas & Elec Berg Co cg 5s 1949 J-1)
Cr Rap G L Co lit g 5s...-1915 F-A
Co Gas 1st g 5s
1949.31-N
8412 8514 Kan City(Mo)Gas 1st g 55 1922 A-0
._ 05
787.
80
86 ____
69 Sale
9512 97
a Option %I* •
New York Bond Record—Continued—Page 3
FEB. 17 1912.1
BONDS
STOCK EXCHANGE
Week Ending Feb. 18.
gr. y.
t.
Price
Friday
Feb. 16
Range
Since
Jan. 1,
Week's
Range or
Last Sale
BONDS
N. Y. STOCK EXCHANGE
Week Ending Feb. 16.
a,
475
Price
Friday
Feb. 16
Week's
Range or
Last Sal:
Bid
Ask Low
High No.
Bid
Ask Low
High No. Low High N Y Cent & H 1t(Con)
1
N Y Chic & St L 1st g 43_1937 A-0 10038 10012 10012 10012
antis RR—Sou Biles 4s_1936-M-N ____ 88
Registered
1937 A-0 *0812.... 9834 Noy'll _
2512 Apr '09
--exlean Cent Inc g 33 tr rects_
9058 9114 91 Jan '12
Debenture 4s
1931
1917
Equip & coil g Is
10078 10
West Shore 1st 48 guar 2361 J -J 10078 Sale 10033
1919 A-0
____
Id series g 53
1
98 11812 98
08
2361 J-J
Registered
- -*77 Me11 16
Ilex Internal let con g 4s 1977 M-S
NY Cent Lines eq tr 4 Es 1923 J -J
10012.3'1y '11
.
80
79 Nov10
Stamped guaranteed....._1077 M-S
1927 J-1) 128 130 129
fit; 129 N Y New Haven & Hartf—
129
Minn 60 St L 1st gold 78
9438 Aug'11
Non-conv deben 43
1955 J-J
1921 A-0
105 105
11018 Anvil
Pacific Ext 1st gold 6s
9214 93 93 Feb '12
Non-conv 4s
1956.14-N
193: M-N 105 105
10618 105 Jan '12
1st consol gold Is
9018 9312 90 Feb '12
Cony debenture 3 Es___ _1956 J-J
1941
6712 697
65 6i
8
37!2 Jan '12
1st and refund gold 4s
13233
Cony debenture 65
1948 J-J 13238 Sale 13218
7914 81
1012
7914 Feb '12
Des M & Ft I) 1st gu 4s 1935 J-J
Harlem R-Pt Ches let 4s_1954 M-N 991l00 99 Oct '11
9734
9712 9734 0734 Feb '12
97
StP &SSM con g 4s lot gu.1938 J-J
Cent New Eng 1st gu 48_1961 J-J
93 9312 9312
9312
9812Jan '10
MSSM &A 1st g 43 int gu_1926 J-J
Housatonic II cons g 5s 1937 51-N 11312 ____ 11318 J'ne'11
Mississippi Central let 53_1949 J-J - - -_ 9812 Mch '11
--- N H & Derby cons cy 5s_1918 111-N 10214 ____ 107 Aug '09
Missouri Kansa.s & Texas
New England cons 5s
1945 J-J 115 ____
4 9614 97
1990 J D 0634 97
9614
1st gold 4s
967
8
Consol 4s
9912
1945 J-J
84
8418 84
8418 21 8312 8418
2d gold 4s
Providence Scour deb 48_195; 11-N 82 8518 -87 10318 10314 10212 Feb '12
°V4,14
30
10114 10212
1st eat gold Is
11
96
_01992 51-S 96 Sale 96
2004 NI- S 8014 8034 8013 Jan '12
80 8112 N Y 0 & W ref let g
6c refund 4s
let
Registered 55,000 only4/1992 51-S 9212 ____ 9314 Oct '11
8914 Salo 8914
4s_8914 13 8834 8914
Gen sinking fund 4 Es... 1936 J-J
General 9s
8958
*-__- 8978 8958
1955 J
84 7834 Nov'11
St Louis Div 1st ref g 48_2001 A-0
---- Nonf & South
1st gold 5s_ _1041 111-N 10314 ____ 10212 Jan '12
loi3
4
__ 10538 Aug'11
Dal & Wa lit gu g 5s1940
---Norf & West gen gold 6s_1931 M-N 12314 _
_ 12314 Nov '11
9012
__ 91 Noy'll
Kan 0 & Pao 1st g 4s_ __ _1990 F-A
Improvement & eat g 6s_1934 F-A 12478 12718 124 Sep '11
1942 A-0 10958 ____ 10953 Feb '12
10912 150
Mo K 60 5 1st gu g 5s
New
10712 10712 N & River 1st gold 63_1932 A-0 124 128 12312 Oct '11 14
1942 M-N 10612 107 10712 Jan '12
M K & Ok 1st guar 5s
W By 1st cons g 4s 1996 A-0 9834 Sale 9834
99
10234 104
10312 10312 Feb '12
M K & 'J.' of T 1st gu g 53_1942 51-S
Registered
1996 A-0 9)313.... 98 Jan '11
5 10334 10334
10:184
Sher Sh 60 So lit gu g 5s_1943 J-l) 10312 10414 10334
Dly'l let 1 & gen g 4s_ _1944 J-J
93 9334 9334Feb '12
5 10514 10514
10514
Texas 63 Okla 1st gu g be 1943 51-S 10514 Sale 10514
10
-25-year cony 4s_ __ _1932 J -D 10814 Sale 108
10812 67
21 107 108
Missouri Pao 1st cons g 6s 1920 51-N 10712 Sale 10712
108
1
Pocah C & C joint 4s..1041 J-D 9312 Sale 9312
907 10034
8
9312
Trust gold 53 stamped--o1917 .51-S 10014 10012 10014 Feb '12
C C&
let guar gold 5s_1022 J -J 105
10412 Oct '11
a1917
99 Mch'10
Registered
1
8
1st collateral gold Is. _1920 F-A 10018 Sale 9912 1003
-9 1503- Northern & N E let go g 4s_1980 51-N 1001 99 9712
-612
4 Scio V Pao prior I e 43_ _1997 Q- J 9712
00 Sale 10018
7
10018 35
977
2
1920 F'-A
Registered
Registered
1997 Q-J
0918 31
741 --11 7O8 7414
1945 M-S 74 Sale 31
983 9918 0834
4
40-year gold loan 45
15
General lien gold 3s____a2047 Q-F 70 Sale 6978
70
95 0612 May'll
3d Is extended at 4%_1938 M-N
Registered
a2047 Q-F 6734 6934 68 Dec '11
22 -g61- 89
4
89
1051) M-S 8873 Sale 883
2
1st & ref cony Is
St Paul-Duluth Div g 48_1006 J-D ---- 9614 96 Sep '11
5 9134 92
9134 _
92
02
Cent Br By let gu g 43_1919 F-A
Registered
1996 S-i)
1948 J -I)
Cent Br U P 1st g 4s
Dui Short L 1st gu 53_ _1916 51-S
99
_
Fel.)-qo
c 11
_8 8112 10
Leroy 65C VA L 1st g 53_1926 J -J _7 _ _ 102 18312 Pfe h 05
St P & N P gen gold 6s 1923 F-A 11512
2
11512 11512
-ig1- 9512
2
10812 Jan 1.
9
5 ma y 1
Pao R of Mo 1st ext g 48_1938 F-A
Registered certlficates_1923 Q-F 11434.... 11538 Aug'11
2d extended gold 53...,1938 J -J 1095412109911142
4
10618 lb 105.3- 10633 St Paul & Duluth 1st 58_1931 F-A 109 ____ 107 Jan '12
StL Ir M&S gen con g 58_1931 A-0 106 Sale 106
2d 5s
1917 A-0 10214 ____ 10234 J'ne'11
Gen con stamp gu g 58_1931 A-0 ------- 111 Sep '01)
1968 J -D 9234 953 9234 Feb '12
let oonsol gold 9s
4
7 791 8334
8312 83
Unified & ref gold 4s 1929 J-J
Wash Cent let gold 4s_ _1948
891.,
9118 Apr '11
83 8132 83 Jan '12
14 78
78 78
Registered
1929 J-J
Nor Pae Term Co 1st g Gs_ _197,3 J-J 11138 _ _ _ _ 11138 Dec '11
40 8212 84
84 Sale 8334
84
Riv & G Div-1st g 4s_ _1933
Oregon-Wash 1st & ref 4s .2961 J -J
9238 Sale 9233
9258 37
_
. 10212 Jan '10
Verdi VI & W 1st g 55.._1926 M-S
j3acifle Coast Co 1st g 5s_ 1946 J -D 10312104 10312 1033
12014 121
4
3
Mob & Ohio new gold 6s
1927 J -D 12614 120 4 12014 Jan '12
101 10112 102 Jan '12
cnna SIR 1st real est g4s 1923
2 11534 11534
4
1153
1st extension gold Os_ __/i1927 Q-J 11534 1163 11534
4
Consol gold Is
1919 51- S 108 110 108 J'ne'll
General gold 43
1038 51-S 8678 8734 87 Nov'll
10218 10212 10234 Jan '12
Consol gold 4s
1943
1947 F-A 11078 11112 11014 Jan '12
11018 11014
Montgom Div 1st g 5s
1004 27
Convertible gold 3 3is__ _1912 51- N 100 10018 100
83 35 33 Dec '11
St L & Cairo coil g 4s___5193o
Convertible gold 3 Es__ _1915 J -D 9758 Sale 9/5
8
973 119
4
1931 J-J
4
Guaranteed gold 4s
9314 933 9312 Mch'11
- -9614 Sep '11
Registered
1915 J -D
'Mashy Chatt & St Louis—
Con.sol gold 4s
if3S1- 163 10334 104
2
1948
-7g
10334 Feb '12
10334 104
1913 JJ 10334
.1.1 1st 7s
Alleg Val gen guar g 43_ 1942 M-S 9958100 997 Apr '11
8
10038
1928 A-0 10938 ____ 1093 Jan '12
8
1st consol gold Is
D B II R & Bge 1st gu 4sg1936 F-A 10012
,
--Jasper Branch 1st g 63_1923 J -J 113 ____ 11578 Nov'10
Phila. Bait & W 1st g 4s 1943
10178 —_ 162 - Jan '12
_ 10812 Den '10
---1917 J -J 10714
MeN1 M W & Al let 6s
Sod Bay h Sou let g 5s 1924 J-J
102 Jan '03
1917 J-J 10714.... 113 Sly '01
T & P Branch 1st 6s
Sunbury & Lewis let g 431936 J-J
97
9238 30
92 Sale 92
1032 0212
Nat Rys or Hex pr lien 4 30.1957 J -J
U NJ 1111 & Can gen 4s_ _1944
S 101 _
1 -1- Jar1- 2
-61 2 - '1.
8614 8514
8534 87 8614 Jan '12
Guaranteed general 4s_ _ _1077 A-0
..(5_9
Imo 100 Penna Co guar lit g4 30_1921 J-J 1_0_3_1!1 ... 10334 Feb '12
Nat of Hex prior lien 4 Es_1926 J -J ____ 102 100 Jan '12
Registered
1921 J-J
10278 /deli'11
9 7912 80
79 8
5
eonsol 48
51 A-0 79 Sale 79
1st
19
Guar 3 Es coil trust reg_ _1937 51- S
88
90 Aug'10
6 9438 9434
8
9434
9434 Sale 943
N 0 Mob &Chic let ref Is 1960 J -J
- —
Guar 3 Es coil trust ser B.1941 F-A 8812 -7 1) 8858 J'ly '11
3
10
.
NO &NE prior Ilene 6s__p1915 A-0 .42!
Trust Co certfs gu g 3 30_1916 51-N 8712
9734 Dee 10
87 A ug: 1
9
8
8813 83 Dec'11
New Orleans Term 1st 48_1953 J - J
90
Guar 3 34s trust ctfs C__ _1942 J -I)
N Y Central & Hud River—
Guar 3 ;is trust ctfs D _ _ _1944 S-i) 8734 8838 8734 Jan '12
8818 Sale 873
4
8812 58 87 8812
1997 J-J
Gold 3 Es
Guar 1 5-25 year g 4s__1931 A-0 ____ 9818 98 Feb '12
87
87 87
Registered
1097 J-J
Cin Leb & Nor gu 4s g. _ _1942 5.1-N 94 9634 9612 Dec '11
03
93V, 16 9214 9312
1934 M-N 0312 Sale 8714 jan.
Debenture gold 4s
Cl & Mar let gu g 4 Es 1935 111-N 10312 105 110 Jan '05
1
1934 /11-N 9212 - _ _ 0234 Sep .
Registered
10734 Dec '11
CI & P gen gu g 4 Es ser A 1942 J -J 10618
88
8318
_1098 F-A 8234 83
8312
807
Lake Shore coil g 3 Es__
Series B
1942 A-0 10618 ____ 10934.11y '09
81
79 84
4
1098 F-A 8118 823 81
Registered
Int reduced to 3 30_1942 A-0 9114
80 82 793
4
7934
7834 8212
Mich Cent coil gold 3 E3-1998
Series C 3 He
- -i)i)
1948 51-N 9114 _ _ -96 - Aug
7912 7912
1098 F-A 79 8012 791 Feb '12
Registered
Series D 3 Es
1950 F-A 014 _-_-__ 90 May'08
9918 ____ 9858 Dec '10
---Beech Creek 1st gu g 4s_1036 J-J
Erie & Pitts gu g 3 Es 13_1940 J-J
0012 Apr '11
1)9 May'll
1936 J - J
Registered
---- ---Series C
1940 J-J
_
9834 Apr '04
1936 J- J
2d guar gold Is
Cr It & I exist gu g 4 3-0_1941 J-J
10514 De10114
01
c 11
'
1936 J-J
Registered
---- ---Pitts Ft W & C let 7s1912 J-J i61514-4
101
11
—
__
Beech Cr Eat 1st g 3 Es_b1951 A-0
------2d 7s
1912 J-J 101 ____ 10378Feb '11
2
1081 J-[) 90 ____ -071- Apr '00
Cart & Ad 1st gu g 4s
---3d 78
11912 A-0 101 ____ 101 Dec '11
Gouv 60 Oswe 1st gu g 58_1942 J -D 103
10758 ____ 109 May'10
Pitts Y & Ash 1st con 5s_1927
-5j13
1991 51-S
- - - - ---Moh & Mal 1st gu g 4s
Tol W V & 0 gu 4 Es A1931 J-J 10278 ____ 103 Aug'07
NJ Juno It guar 1st 43_1986 F-A 05:14100 105 Oct '02
---- -Series B 4 Es
1933 J-J 10158 ____ 100 J'iy '10
1986 F-A
Registered
_
1942 51- S 95
Series C 4s
75 1 _7 2 -1;858 Feb '12
._0 _1_
8
885 88 8
8
5N Y & Harlem g 3 s.....2000
- 4
4
P C C & St L gu 4 Es A194o A-0 106 1083 166
2000 M-N
Registered
1942 A-0 10618 1063 10634 Jan '12
Series B guar
Oct '09
58_1927 A-0
N Y & Northern let g
--Series C guar
1942 51
-N 10614 10718 106 J'ne '11
8
'
N Y & Pu 1st cons gu g 481993 A-0 97 9812 977 Aug 11
Series D 4s guar
194 51-N 98 ____ 97 Jan '12
•
Nor & Mont let gu g 5s1916 A-0
Series 5 3 Es guar g
1949 F-A 9312 ___ 9313 San '12
2
Pine Creek mg guar 6s _ _ _1932 J-D 12018 -_-_-_-_ jul Jan '09
Series F gu 4s g
1953 S-i) 98
__ 9778 Aug '11
1071- 1 4
4 -613It W & 0 con let ext 5s_h1922 A-0 10718 10714 10714 Feb '12
Series G 4s guar
99 -_-___ 98 Oct '11
1957
_
Oswe & it 2d go g 5s_ _..e1915 F-A ___ 10512 105 Jan '08
C St L & I' 1st con g 5s 1932 A-0 11018 _ _ _ _ 11312 Nov'1 1
_
104 J:i y :10
0838 ne1i
It W & 0 1' It let gu g 5s_1018 M-N
Peo & Pek Un 1st g Gn_ _ _ _1921
109 May'll
Rutland let con g 4 3s_1041 J-J
b1921 51-N
99
2d gold 4 Es
9312 Jan '11
84 88 80 Feb '12
-id.- 86
Og&LCham lstgu 4s g 1948 J -J
66 Dec '11
Pere Marquette—Ref 4s _1955 J-J
92 J'ne'09
Itut-Canad 1st gu g 4s_1949 J -J
NFeobv:1121
1955 J-J
Refunding guar 45
St Lawr & Adir 1st g 55._l006 J-J 10718 ___ 115 J'ne'09
1921 S-i) 100 ____ 9889'584
Ch & W H Is
125 Feb '08
1996 A-0 *118
2d gold 68
11
1920 A-0 11018 __ 11018 Oct .
Flint & P M g Os
9934 101
097 N0'1'11
5
1tiv gu g 45_1922 J-J
Utica & Blk
11
9958 Dec.
1939
35 8834 -897
89
let consol gold Is
093
4
8
Lake Shore gold 3 ;is_ __ _1997 J -D 8812 89 8812
2 8714 8834
88
Pt Huron Div let g 58_1930 A-0 9958 102 98 Aug'11
1997 J -D 88 8914 88
neglstered
9443 104 9314 943
3
8
Sag Tus & H 1st go g 45_1931 F-A
94 Sale 937
Debenture gold 4s
1028 M-S
845 8733 8414 Jan '12
93.34 93 93 9378 Philippine Ity 1st 30-yr s 1 43.'37 J-J
1931 M-N 0358 Sale 9312
25-year gold 4s
Pitts Sh & L E let g 5s
1940 A-0 113 ____ 11214 Dec '11
1031 M-N 9312 9312 9334 May'll
Registered
3032
1st consol gold Is
1943 J-J *19814 sale 11314 Nov '11
-- - _
Ka A & G B 1st gu a 53.1938 J-J 10812
9834 72
9838
eading Co gen g 9s
1997 J-J
08
- - -Mahon Cl RR 1st 5s_ _1934 J-J 11112 _ _ _ _
"
Registered
1907 J-J
9814 9814 2
Pitts & L Erie 2d g Is _a1928 A-0 10358 ____ 100 Dec '09
9712
Jersey Cent coil g 43_ _ 1951 A-0 9712 Sale 9712
Pitts MeIC & Y 1st gu 63_1932 J-J 121 ____ 1301g Jan '09
Atkin City gu 4s g
1951 J -J
123 Oct '11
-- 1034 J-J 12314 _
2d guaranteed Os
Qt Jo & Cr Tel let g 4s._.. _1947 J -J
McKees & B V 1st 6s_1918 J-J 101
L & San Fran gen g tIs_ _1931 J-J 119 1201 11914 San '12
111 111
Michigan Central Is
1931 11-S 11038 115 111 Jan '18
108
General gold 5s
1931 J-J 108 Sale 108
Registered
1931 Q-M 109 112 119 3'11.2'06
St L & S F RR eons g 4s_1996 J-J ____ 88 88 Feb '12
_
Nov'll
1940 J-J
9834
49
8812 --28
Gen 15-20 yr Is
1927 M-N 8814 8838 8838
Registered
1940 J-J
9812 Nov'11
Southw Div lit g 55_1947 A-0 9812 ____ 100 Oct '11
_
8818 90 J'ne'08
J L & S 1st gold 3 30_1951 Ai- S
8112
Refunding g 411
81 Sale 81
1951
1052 M-N 8634 88 8812 Oct '11
let gold 3 Es
Registered
1951 80 4 Mch'11
3
2 90 9158
913,5
20-year debenture 4s_ _1929 A-0 0132 Sale 9138
•
Jog-
MISCELLANEOUS BONDS—Continued on Next Page.
Gas and Electric Light
Kings Co El L & P g 5s__1937 A-0
1007 A-0
Purchase money 6s
1922
S
Convertible deb (Ss
188 con g 4s_1930 J-J
Ed El II Him
;Aso Gas Lot St L let g 58_51919 (1-F
1934 A-0
Ref and ext let g Is
1927 M-N
llwaukee Gas L 1st 4s_
1948 J-1)
Newark Con Gas g Is
1948
YGELII & P g 5s
1049 F-A
Purchase money g 4s
Ed El 111 let cons g 53__ _1095 J-J
7(Y& (151 L&P 1st con g 58_1930 F-A
11 Y & Rich Gas let g 5s._ _1921
• Pacide G & El Co Cal G & E
N
Corp unifying 60 ref 58_1937
Pat di Passaic G & E Is.,., l949 118-S
E
Alici 93190 FridAYI liktOtit
Gas and Electric Light
10518110512 Peo Gas & C let con g 63_ _1043 A-0
Refunding gold Is
•S
1947
11512 117
Registered
1947
•S
Ch G-L & Cke let U g 58_1937 J-J
Con G Co of Ch 1st gu g Is 1936 J-D
10212 1027
Ind Nat Gas & 011 30-yr 5s '38 51-N
101 10112
Mu Fuel Gas 1st gu g bs 1947 51- N
8
897 90
Registered
1947 M-N
10258 10414 Philadelphia Co cony 58_1919 F-A
Syracuse Lighting 1st g 53..1951 J -D
8814 89
1954 J-J
11212 11212 Syracuse L & P Is
1949 M- S
Trenton G & E let g 5s
Union Elec L & P 1st g 51 1932 M1933
Ref & ext Is
9512 Utica Si L & p lit g 58___ _1950 J -J
28 94
1957 ▪ Utica Gas & E ref Is
1950 J-D
Westchester Light'g g 5s
5
10512 10512
i.1(112
117
117
8
118
11818 Dec '11
8812 Dee '11
10212 - iie 10212
A
10278
5
10012 10112 10114 Fob '12
8978 90 90 Feb '12 —__
10478 Deo '11
10418 10414 10334
10414 22
8812 0834 8812
8834 10
113
11212 Jan '12 _
10114 _ _ 10012 Dec '11
9212 ny '09
9518 Sale
t)id And 11.1kt*
06
4112111)1441.• -
9538
Djqeb.
•Duo May.
g Duo JAM _
P4P.ilki7e
11752 _ _ 11712 Feb '12
102
10218 10212 102
____ 101 103 Feb '09
10314 10414 103l Jan '12
102 Noy'll
102 -90 Meh'll
10t 102 10018 Jan '12
101
169
-109 Sale ig
101 10112 101 Dec '11
81 J'ae'11
_ 109 Feb '01
10212
10018 _
_ 9812 Sep '11
96 9712 9718
981
103
10014 Dec100 _ _
- 'I
1051
10514 106 105.14
Puo Zjoi.
s 011110k111_
Range
Since
Jan. 1.
Low High
997 10012
8
-g9 8 -91
7100 101
9778 9812
9212 93
90 9253
13158 13212
9353
93
-g65- 8953
3
10212 10212
- - -_- -di-
9312
'J4
10712 11013
92 94
9713 98l
9934 10034
9858 9912
69 7012
- --11513 1151
fof iof-C)1;. 4
1
- --
--
-5'14
1031.. 104
10114 102
102 igf
a
9912 10018
9614 9778
103
____
ioi-
102 102
foil; 10153
10314 10378
8734 8734
98 98
i6f1- 10114
4
106 igs4
10034 wok
97 97
9318 964
-058 -664
_- -
-
141- 8414
4
_
98 -9/3 2
-,4
9814 954
9712 9853
ilg7g
10712 1081s
88 88
8818 88Is
-80 -
8184
-
476
New York Bond Record—Concluded—Page 4
DOBDS
13
P. Y. flTu0.11. EXCHANGE i
...,e,
Week Ending Feb, 16.
Iv
Price
.Priday
Feb. 16
Week's
Range or
Last 5a13
,
Q
g
q
Range
Since
Jan. 1.
BONDS
,..:g
N. Y. STOCK EXCHANGE .9 -E
Wee'i Ending Feb. 16.
4a,
[VOL. Lxxxxiv.
Price
Friday
Feb. 16
Week's
Range or
Last Sale
Q
g1
cp
Range
Since
Jan. 1.
a;L & San Fran (Can)
Bid
Ask Low
High No. Low High
Bid
Ask Low
High No. Low Higit
IC 0 Ft S & II con g 6e....1928 M-N 11758 ____ 1175
11758
1 117 118
ATandalla cons g 45 Ser A..1955 P-A 04 965 97 Oct '11 ____ __ _—
X C Pt S & 61 Ry ref g 48_1936 A-0 801 Sale 80
803
58 80 8012 • Consol 48 Series 13
1957 Sf-N 95 9614 07' Jan '12 ...„ 97 97
Registered
1938 A-0 --------79 Sep '10 ____
____ Vera Cruz & P 1st gu 4;0_1934 J-J
4
913 993 93 Nov'll ._.
4
_ 7 -.„.....
K 0 &I& R & 13 1st gu 58_1929 A-0 97 ___ 10014 Dec '09 ____ _ _ _ ____ XArabash 1st gold Is
1939 lit-N 10712 Sale 1074 1075
13 10412 1073
__3
Ozark & Ch C 1st gu 58 g_1913 A-0 993 10018 100 Feb '12 _-__ 9914 100
4
l' 5 2d gold 55
1939 F-A 98 9812 9814
0814
4 06 084
It L S W 1st g 4s bd ctfs 1989 NI
-N 9218 Sale 9218
9212 13 91 0212
Debenture Series 1I..
1939 J-J _- 105 98 Apr '11
2d g 48!no bond cas____p1989 J-J 82 Sale 82
1st lien equip s Id g Is_ _1921 51-S i"613 _ _ _ 9912 Feb '12 _.__ 091- -9912
82
.
3 8034 82
2
Consol gold 48
1932 J-D 8134 Sale 81
82 434 '79 82
1st lien 50-yr g term 4s.1954 J-J 70 85 83 Dec '10 _ _. _
Gray's Pt Ter 1st gu g 58_1947 J-D 9712
10118 Apr '07 ---1st ref and ext gOs
1956 J-J 5614 Sale 56
_ __
563 151 6812 8853
A & A Pass 1st gu g 9s
8714
2 -87 -8714
1943 J-J 87 88 87
Det & Ch Ext 1st g 58_1941 J-J 100 ____ 106 Jan '12 .-- 106 10'7
F & NP 1st sink f g 58_1919 J-J 99
104 Oct '09 _--- ____ ___
Des Moln Div 1st g 4s
1939 J-J 7712 ___ 8112 May'll ---_
_
aboard Air Line g 4s
1950 A-0 •-_- 90 8734 Dec '11 ____ __ ____
Om Div 1st g 3;0
1941 A-0 68 ____ 6812 Jan '12 ---- 6812 6834
Gold 4s stamped
1950 A-0 8/3- 8812 873
Tol & Ch Div 1st g 4s
4
8812
4
1911 M-S 79 80 80 Feb '12 ---„ 7234 e0
9 -873 90
4
Registered
1950 A-0 ___. _
____ —. ____ ____ Wab Pitts Term 1st g 4s...._1954 J-D 38 Sale 38
__
3812
7 38 39
Adjustment 55
/958 Sale 704
01949 F-A
Cent & Old Col Tr Co certfs_ —___ 3833 Sale 3838
80
70 7038 8414
38 8
5
8 3838 4214
Refunding 45
1959 A-0
___ ____ ___. 3834Feb '12 ...:-. 383 4113
825 8213 Feb '12 Columbia Tr Co ctfs
81 83
4
Ati-Birm 30-yr 1st g 98_81933 M-S 90 Sale 8912
Col Tr ctfs for Cent Tr Ws , ---- --- -90
6 88 90
__.
---- ---- ---- --Car Cent 1st con g 48_
1949 J-J 9258 98 9134 Apr '11 ---. ___ ____
2d gold 4s
1954 1-D
114
-212 Deo '11 —.. _
Fla Can & Pen 1st g 5s_191$ J-1 10112 ____ 103 May'll ---_ _ _ ___
Trust Co certfs
114 2% 2
238
2
7 - - —23;
1st land gr ext g 5s___ _1930 J -J 103
_ ___ ____ _ __-_ 'Wash Terml 1st gu 3 3-6s.. _ _1945 F-A 87 ____ 8738 Oct '11 ---- ____
Consol gold 55
1943 J-J 10612
1st 40-yr guar 4s
1053 Apr- -4
'11
89 Dec '11 --„
1945 P-A 9718
Ga dc Ala By 1st con 53_0945 J -J 1061210714 10635 Jan '12 ---- 1o6510658 West Maryland 1st g 4s
1952 A-0 88 8818 88
8818 46 8'758 8818
Oa Car & No 1st gu g 58_1929 J-J 10512 108 1054 10512
7 10512 10612 West N Y & Pa 1st g 5s
1937 J-J __ _ _ 109 Deo '11 -- __-Seab & Boa 1st 58
1926 J-1 106
Gen gold 4s
109 May'11 ---------1943 A-0
8 8812 Jan '12 ---- 881- 8812
2
llouthern Pacific Co—
Income 16s
51948 Nov ---- ----34 Feb '07 ---- __ „„.
Gold 43 (Cent Pac coll)_k1949 J-D 92 928 9214
heeling & L E 1st g 5s___1926 A-0 10412 10512 105 Feb '12 ---- 105 195
9214
1 9134 9213
Registered
k1949 J-D ..,-.. 91 9112N0v'11 _— ___ ____
Wheel Div 1st gold 5s___1928 J-J —.104 10218 Noy'll ---- __ --.
20-year cony 4$
964 154 957 97
g1929 M-S 96 Sale 96
8
Eaten & Imp gold 5s___1930 F-A _,_ 103 102 J'ne'10
Cent Pao 1st ref gu g 4s__1949 F-A 96 4 97 9634
3
9634 12 9612 97
RR 1st consol 45
85
1949 11-S 85 Sale 85
16 84 —8532
Registered
1949 F-A 9512 9634 97 Feb '10 ---, _
___
20-year equip s f 5s
1922 J-J 984 __ 9812Feb '11 ____ ____ __
Mort guar gold 3 Xs_ _k1929 J-D 914 _ _ 90 8
7
9112
6 -901; -914 Winston-Salem S 131st 4s1960 J-J 9212 9312 95 May'll
Through St L 1st gu 48_1954 A-0 ___ 927; 93 Dec '11 --. __ ___ Wis Cent 50-yr 1st gen 4s 1949 J-J
ii5 ijiii -siS
93
93, Sale 93
0 E & S A El & P 1st 58_1931 M-N 107 10712 10712 Dec '11 --- ___ —_
1st & refunding 43
1959 A-O
Gila V G & N 1st gu g 58_1924 M-N 104 10412 103 Deo '11 ..-.
___
8111w 63 L Winnebago 63_1912 J-J -„,_
„
10414 _ _ 1041$ Jan '12 —,10418 10418
Hous E & W T 1st g Os_ _1933 M-N
Sup&Dul div & term 1st 48'36 111-N V2 4 -924 -914 -9•218
11 v16- 924
4
1st guar Is red
1933 ,5I-N 10414 Sabi 10414 10414
N 10414 10414
H & T 0 1st g Is int gu 1937 J-1 110
110
___ 110
1 110 110
Manufacturing and Industrial
Consol g 6s Int guar 1912 A-0 _-_- 11018 10712 Sep '11 -___ ___ ____
.
Gen gold 4s int guar_ _1921 A-0 9514___ 9514 Jan '12 ---- 951- 9514 Allis-Chalmers 1st Os
4
58
04 52 0
1936 J-J 68 Sale 57
Waco & N W div 1st g 63'30 M-N 11913 118 11914 Meh'10 ---, ___ __ Am Ag Chem 1st o 5s
1928 A-0 10218 10258 10258 102% 17 10134 10
A_ & N W 1st gu g 5a...._1941 J-J 10712 _ 10712 10712 8 1071210712 Am Cot 011 eat 4 me
9814 Feb '12 —.. 08 981
Morgan's Lads T 1st 7s 1918 A-0 1123
41ra; 11212 Sep '11 ---- ____ ___
1931 9 F 9814 Sale 04%
15 m-N 9
5
Debenture Ifs
95
lb 95 951
. 1st gold 6s
1_1614 ________ 111._ Mch_'11 .--- ____ ___-_ Am Hide & L 1st 81 g 8s...._1919 M-S 9912 Sale 99
..
,. ,
.
.
, ...
9912 20 99 10Q'
9 12 A..45
0
192 j.. 1
I Y Tex & AI gu 4s g
. Amer Ice Secur deb g 8s
1025 A-0 7014 Sale 7513
77
23 7213 77
o of Cal guar g Is
1938 A-0 —.- 11958 112 Feb '07 ---- ____ __ Am Smelt Securities s I 6s 1926 F-A 103% Sale 10314 103% 68 10212 104
re & Cal 1st guar g 5s 1927 J-1 10114
102 J'ly '11 ---- .._ ---- Am Spirits Mfg 1st g 68
8
1915 M-S _,__ 1017 101 Feb '12 ---- 101
o Pao of Cal—Os E
1912 A-0 10018 __ 10018 Deo '11 ---- _ _ ___ Am Thread 1st col tr 4s1919 J-J 934 __,_ 9234 Fen '12 ..... 9258 101
931
4
1912 A-0 1004 ____ 11412 Dec '04 ___ ____ _
1st gold as F
Am Tobacco 40-yr g Os_ .. 1944 A-0 12012 Sale 12014 12012 96 11878 12112
•
1st con guar g Os
1937 61-N 1107
8
_ 116 May'07
Registered
1944 A-0 12012 Sale 12012 12012
4 11878 12134
80 Pao Coast 1st gu 4s g_1937 J-1 9113 _ _ 90 J'ly '09 ---- _ _
Certifleates of deposit
_
12114 Feb '12 —. 11878 1214
Fran Terml 1st 40_1950 A-0 9114 Sale 9114
Gold 48
911
32 -91 - -92
954 84 9178 9578
1951 F-A -9-5-12Sale 05
Tex & NO Sab Div 1st g 68'12 M-S 10034 _ _ 10068 Deo '1 ---- ____ __
Registered
1951 F-A -_ 95
6 9214 9558
9518
Con gold 5s
1943 J-4 ......_1o5 10168 May'll
Certificates
deposit
9E1- Nie 9513
9512
4 917 ‘
8 96
,
0538 100 948 9532 P Lorillard Coof tem'pry bds_ ---- 122 2 Salo 12134 12234 132 11938 1,,,.
11: Pao RR 1st ref 45
1955 J-J 9514 sale 0513
78
__ __
.'4
Uthern 1st consol g 5s
1994 J-1 10814 Sale 108
10814 59 10741083
Os temporary bonds
9534 218 9118 9058
9534 Sale 9478
8
-•
Registered
1994 J„ ___ 105 Sep '11 -._ _
Ligg & Myers Tob Co7s tpy bds -_-- 121 Sale 120 8 12112 111 11834 123
7
Develop & gen 4s Ser A_1956 A7938 217 -783 7937918
-791- Sale
Os temporary bonds
4
4
8
997 268 8934 06
4
8
.. 943 Sale 9334
Mob & Ohio coil tr g 4s 1938 M-S 563 Sale 8634
4
8718 20 8512 8718 Am Writg Paper 1st 51 5s__1919 - -8914 15 8814 895
J- J 8914 Sale 89
3
Hem Div 1st g 4 ;i-5s
1996 J-J 10 112 111 Feb '12 --- 10814 111
Baldw Loco Works 1st 5s__1940 M-N *104
812
2 10312 104
104
104
St Louis dIV 1st g 4s
1951 J-1 8834 _ _ 8912 Feb '12 ---- 8838 8912 Beth Steel 1st ext 81 5s__ _1926 J-J 9414 Sale 99
0478 67 9312 9512
Ala Con R 1st g Os
8
1918 J-J 1076 ...: 10778 Nov'10 ---. ____ Cent Leather 20-year g 5s9518 109 913 96
4
__1925 A-0 9912 Sale 9412
1948 J-J 8718 897 9012N0v'ii......Consol Tobacco rg 4s
, Atl & Danv lit g 4s
8
1951 1
954
0-A 0512 Sale 0538
4 913 95
4
%
2d 4s
1948 J-J 8214 8234 8214 J'ly '11 --1951 F-A --,_ ___ 57 Nov'07 ---- _„, .„
Att & Yad 1st g guar 4s_ _1949 A-0 84 89 ____ ......... -Prod Ref s f g 5s
1931 111-N 9512 9612 95 4
3
953
4
1 953- 033
4
1
Qol & Greenv 1st es
_ 10534 Dec '11 --4
1916 J-J 1053
1st 25-year s f 514
12 94 96
96
1934 M-N -- 97 90
III T Va & Ga Div g 5s._ _ 1930 J-J 108 109 103 Jan '12 ---- 108 168
Cuban-Amer Sugar colt tr 831918 A-0 97 __ 07
10 9614 9712
97
Con 1st gold Is
1956 M-N 111 112 111
11112
5 110'78 111% Distil See Cor cony 1st g 58_1927 A-0 73 Sale 72 8
7
7333 93 715 7814
21 Ten reor Ilen g 5s
3
E I du Pont Powder 4 As_ _1936 J-D 85 Sale 8514
106 Jan '12 ---- 106 106
1938 51-S 105 4
85 4 13 847 853
3
3
8
4
Oa Midland 1st 38
1946 A-0 65 67 67 Deo '11 -_-_ _ ____ Gen Electric deb g 33s___.,1942 F-A ---- ----82
82
2 82 82
Oa Pao Ry 1st g 68
11268Jan '12 ---- 1125 11258
10-yr g deb 55
1922 J-J ---.
8
1917 J-D ..,.. ,_ 155 Feb '12 ---, 15312 15813
115 Jan '12 ___ 115 115
Knox 63 Ohio 1st g 6s
1925 J-J 11312
Gong Motors 1st lien Os_ _1915 A-0 99 - - 3 99
99
b 984 9914
Mob 63 Bir prior lien g 88_1915 J-J 10418 _
10512 Nov'10 ---.
_
_ Ill Steel non-cony deb 5s__ _1913 A-0 -------- 101 J'ne'09 ---- ____ --___
Mortgage gold is
8 -1 78 Dec '11 ..— __ _ _ Ingersoll-Rand 1st g 58_ _q1935 J-J ...., ,.___ 95 J'ne'07 —„
767 8
1945 J-J
--.
Rich & Dan con g 6s
-J 10412 105 109 Out '11 ---- ____ Int Paper Co 1st con g 63_1918 P-A 1031- Sale 10312 1037
1915 j
2
11 10312 10912
Deb 58 stamped
10413 Dec '11 ---1927 A-0 1034
Consol cony s 1 g Os
-1935 J-J 8813 8912 90
2 8412 oisi
91
Blob & Heck 1st g 4s
1948 11-N 7214 ___ 71 Mch'll ____ ____ ____ Int St Pump 1st s 1 58
1929 81-S 9318 Sale 0318
9318
2 92 9311
Car & Ga 1st g 5s
1919 M-N 10318 __ 10358 Noy'll --__ ___ ___
ackaw Steel 1st g 58
0612 16 9612 97
1923 A-0 9612 Sale 964
Irginta Mld ser 0 63
1918 111-S 105
_ 112 Oct '06 ---- _ ____ _
1st con 5s Series A
1050 11-S 78 80 80 Feb '12 --__ 80 8212
Series D 4-58
51-S 10338 :-___ 10414 J'ne'11 ---- ..... _
1921
5
-year convertible 55_ _1915 M-S 924 9233 0214
9212 31 913 9234
Series E 51
106 mown ...... __ --_-_ Nat Enam & Stpg 1st 58
1926 M-S 1054 _
1929 J-D 93 9.338 9355 Jan '12 --- 933 933
4
4
Series F Os
1931 51-S 10512 1675 105 J'ne'10 __ __ __ N Y Air Brake 1st cony 68_1928 51-N 9914 9012 9912 Feb '12
8
9914 100
General Is
10318 ___ 108 Jan '12 ---- 108 - 108
1936 51-N
Ry Steel Spgs 1st a f 5s_
1921 J-J 98 9814 9814 Feb '12 ---- 9734 9814
Va & So'w't 1st gu 58_2003 J-J 1075
10812 J'ly '11---- Renub I & S lst&col tr 5s 1934 A-13 10278 ___ 10278 Aug'11 ...... ____
1st cons 50-year 56_1958 A-0 9612 911 97 Feb '12
10-30-year Os 8 1
i1 - 1
30 914 9382
92
1940 A-0 9112 Sale 9114
W 0 & W 1st oy gu 48.__1924 P-A 00
96 Noy'll -- ---- ----- Standard Milling 1st 5s
---- _____
1930 5I-N 88
88 88
1 88 8834
West N 0 1st con g 8s
1914 J-J 10314
_ 10434 J'ly '11 -___ ____ ____ The Texas Co cony deb 138_ _1931 J-J 14 2 99 973
- 14
9855 97 994 99
okane Internat 1st g 5s 1955 J-J 101 __. 1024 Apr '11 ..._ __ __ Union Bag & Paper 1st 53_ _1930 J-1 94 941, 99
e
994 11 94 9412
r A of St L 1st g 43.s 1930 A-0 1047 _
Stamped
1057 Noy'll --__ ___
8
1930 _ _ 94 9712 993
4J'ne'll ---- __ ____
1st con gold 5s___1894-1944 F-A 112 1121; 112 Aug'11 ---_
'
U S Leath Co s f deb g 6s__ _1913 MIN 10113 10134 10112 10112
3 10112 102
Gen refund s 1 g 4s
1913 J-J
95 3 ____ 9578 Feb '12 ---- 9412 96
7
US Realty & / cony deb g 5s_'24 J-J 884 Salo 8812
89
3 8812 90
St L M Bge Ter gu g 5s 1930 A-0 108 ____ 10812 Feb '11 — _ ___U S Red & Refg 1st g 68_1931 J-J ..„-- 58 70 Apr '11 ---_ ____
Tex & Pao 1st gold 58
110l Feb '12 ----- 1091;11012 U S Rubber 10-yr con tr 63_1918 J-D 1017 105 1047
2000 J-D 1104 _
10978
2 1033 105
4
3d gold Inc Os
q2000 Mch 40 g9 70 Mch'10
Registered
1918 J-D ---- ----10318Jan '10 ---___.
• La Div B L 1st g Os
1931 J-J 100
_ 9912 Apr '11 ____ ___ ___ U S Steel Corp—fcoup _ _51963 61-N 103 - Sale 10234 103 301 10134 1044
W Min W & N W 1st gu 5s.'30 F-A -,„
S f 10-60-yr 5sireg ___ _41963 61-N --.
__
-.. 10612 Nov'09 -10258 10318
2 10158 109
Tol & 0 0 1st g 55
1935 J10914 -___-- 10818 Jan '12 — _ 1081; 10914 Va-Car Chem 1st 15-yr 5s 1923 J-D 1007- Sale 1007
8
31 100 101
101
Western Div 1st g 55
10818 10912 112 Sep '09 ____ ____ West Electric 1st 58 Dec 1922 J-J 1023 Sale 10234 103
1935 A20 10218 103
4
General gold 5s
1935 J103 104 104 Feb '12 --- 104 184
Westinghouse E & Ms f 58..1931 J-J 9412 9434 9413
9434 74 93 95
Han & M 1st gu g 4s
1900 A-0 92 ._. 92
92
10-year coil tr notes 5s 1917 A-0 0013 9712 0013 Feb '12 --- 9818 9713
1 92 9212
2d 20
-year 5s
1927 J-J 987 Sale 9814
8
8 9814 9918
9878
Tol P 53 W 1st gold 48
1017 j
-j 0312 ____ 9314
9314
1 9314 03
Telegraph & Telephone
53
Tol St L & W pr lien g 3 3 _1925 J-J 85 87 8712 Jan '12 --__ 8712 8712 Am Telep & Tel coil tr 4s1929 J-J 9118 Sale 91
,
0
914 79 90 9112
50-year gold 4s
1910 A-0 65 4 Sala 6534
67
3
Convertible 45
17 653 69 8
5
4
4
1936 AI- S 1103 Salo 11038 11034 52 1083 112
4
Coll tr 48 g Ser A
1917 F-A _,, 75 75 Nov'll ___ .._ ____ Chicago Telephone 1st 58_1923 J-D --- ___ -- -___ ---- ____ ___.
Tor Ham & BIM 1st g 4s_h1946 J-D 891 ____ 9012 Feb '12 _
4
8918 9312 Commercial Cable 1st g 4s.2397 §-J 81 ___ 83 Nov'll ---- ___ —
later & Del 1st con g 5s 1928 J-D 1043
10578 10578
Registered
2 10571057
8312Nov'll
2397 -J 80 _
1st refund g 48
1952 A-0 -------- 8512 Dec '11 __-- __ ____ Keyston44 Telephone 1st 58_1935 -J 82 8314 82 Feb '12 ____ 82 82
uton Pacific-Metropol Tel & Tel 1st s 1 Is 1918 5I-N 10212
103
103
2 103 103
• RR & land grant gold 46_1947 J-J 10034 Sale 10034 1007 102 10038 101
8
1924 P-A 100 1003 10014 Feb '12.... 100 101
Mich State Telep 1st 5s
Registered
•
• 1947 J-J 9938
10014 Feb '12 ___ 9078 10178 N Y & NJ Telephone 5s g_1920 5I-N 102
10314 May'll __ __ ____.20
-year cony 45
1927 J-J 102 Sale 10134 102 144 10112 103% NY Telep 1st & gen s 1 4 ;is 1939 M-N 10012 1004 100 8 10058 23 1004 100 8
3
6
lat & ref 48
g2008 NI
-S 9712 9778 9712
1937 J-J 9078 Sale 997
973
17 97 977 Pao Tel & Tel 1st Os
8
95 987 1004
100
Ore By & Nay con g 413_1946 J-D 957 Sale 957
8
1938 J-J 103 Sale 103
9618
3
8 95 8 9618 West Union col tr cur 5s
10314 11 101 10314
Ore Short Line 1st g 6s__1922 P-A 11312 Sale 1134 1131
22 11318 1133
4
Yd and real est g 4 54s
1950 51-N 10018 Sale 100
10014 22 9714 10014
1st consol g Is
_ 111
1946 J-1 11114
111
Cony 4s. series A
5 111 112
1938 M-N 105 ____ 105 Feb '12 ___ 1045 105
8
Guar refund 48
1929 J-D 9512 Sale 0514
981
1
7
Registered
1938 M-N mi.i.
_ 103 Feb '11
--Utah & Nor gold 58_1926 J-J 10518 ___ 108 May'l - ---- ---- ----Hut Un Tel gu ext 58_1941 111-N
__ __ __
8 --- 104 J'ne'll ..... --- ---____
1st extended 41
02_
1933 J-J
_
Northwest Tel gu 4 54s g_1934 J-J 9214 __ 103 J'ly '04 ----- ---MISCELLANEOUS BONDS—Concluded.
L
--
----------Registered
----------Corn
--
kt
F
•
Coal & Iron
M I cellaneous
97
97 Fab '11
41 86 8811
Adams Ex c II tr g 4s
88
1948 M-S 88 Sale 88
Debenture Is
91 Nov'll
a1926
S
8
60 913 9214
Armour & Co 1st real est 434s '39 J-D 9178 Sale 9178
92
Col F & I Co gen s f g 5s____1943 P-A 10614 Sale 10014 10014
5 idr 1663; Bush Termin al 1st 4s
1952 A-0 91 9155 91 Feb '12 -- 91 92
Col Fuel gen 68
1919 111-N 10734
_ 10734 Jan '12
Consol 58_
4 98 99
98
10734 1073
1955 J-J ___ 9812 98
4
ol Indus 1st & coil 5s gu 1934 F-A 73
76 744
7414
7 116 126
122
5 794 77 Chino Coppe • 1st cony 68_1921 J-J 122 ___ 122
ons Ind Coal Me 1st 58_1935 J-D
8412 85 J'ne'11
16 J'ne'll ___ ____ ....
---- Comstock T unel Inc 48_1919 ____
ons Coal of Md 1st & ref Os 1950 J-D 94 9534 91 Dec '11
Irrigation W cs & Dot A 434s '43 M-N -7 8 05 - 9318 Noy'll ___ _ — —.
(
,121---- ---r Riv Coal & 0 1st g 6a_81919 A-0
10238 Apr '06
6714 54 663 6734
lot Mercan (Urine 4 34s__ _1022 A-0 6714 Sale 67
4
---an 63 H C 63 0 1St 8 t C 58_1951 J-J "i§" iof 99 Oct '11
80
23 80 80
Int Navigati m 1st s 1 5s
ale 80
1929 F-A
Pocah Con Collier 1st s f 58_1957 J-J 8814 Sale 8814
8838 --ig 811k -8812 Mge Bond( Y)sec 2-4s
1966 A-0 ---- ----89 Apr '11
It L Rock Mt & P 1st 5s
1955 J-J
8412 J'ne'll
9112Nov'll
81
78
Morris do Co 1st 8 f 4 yis___ _1939 J-J 8934 9012
Tenn Coal gen Os
1951 J-J 103 10338 10312 10312
4 1021s iGaii N Y Dock 50-Yr 1st g 48...:_1951 F-A 8318 854 84
84
2 89 851i
Birm Dly 1st consol 88_1917 J-J 104 Sale 10334 104
3 104 104
Niag Falls P )tv 1st Is
1932 J-J 10012._ 102 Apr IL__ ___
Tenn Div 1st g 8s
a1917 A-0 104 108 103 Jan '12
103 103
Refunding & gen 6s____a1932 A-0
__
-- ------- ---- ---- --Cah C M Co ist gu g 6s__1922 J-D
110 110 Jan '09
------ Ontario 'Isra smission 5s
1945 M-N ___ 95____ ....
Ijtah Fuel 1st g Os
1931 n-S
9278 24 9258 9314
Pub Serv Co p N J gen 5s 1959 A-0 9278 Sale 9255
---Victor Fuel 1st s 1 55
1953 J-J
80 8714 May'11
St Jos Stk Y Ls g 4 Ms
1930 J-J 87 _ 10013Sep '05 ___ ____ _.
Va Iron Coal & Coke 1st g 551999 111-S 971: 9918 98
98
9612 9812 Wash Water Pow 1st 58_1939 J-J 10278_ 10212Mch'11
_!
INo Price Friday; latest bid and asked appe Jan dOue April eDue May pDue June h Due July kDue Aug oDue Oct pDUe Nov qDue•Deo :Option nle
SUIT & Susq Iron s 1 5s____1932 J-D
1
• CHICAGO STOCK EXCHANGE-Stock Record-Daily, Weekly and Yearly
STOCKS
-HIGHEST AND LOWEST SALE PRICES.
Saturday
Feb. 10
Monday
Feb. 12.
*50
*7
*35
Wednesday
Feb. 14
*170 190 *170 190
1
---- ---_ *-__
2
3112 3512 3512
3512 93
93
92
92
*98 102
*98 102
*3512 36
3512 36
*1014 103 *1014 1034
4
512 512
*512 6
,
iiiii2 ---- ;i'5" "2"2"
5114
62 *59
*50 *7
712
7
7
3712
3712 *35
*35
*170 190
*--1
-- 2
10
---- -9112 92
*98 102
35
35
*10
103
4
*514 6
*20
Tuesday
Feb. 13
22
5114
712
37
Thursday
Feb. 15
Friday
Feb. 16
Last Sale 190 Apr'll
Jan'12
Last Sale 18
Jan'12
Last Sale 1
*3512 ;18
*3512 38
94
*92
94
*92
Last Sale 10433 Jan'12
__
3512 3512
10
*1014 1034 10 -512 51 2
*512 6
Dec'll
Last Sale 33
Jan'12
Last Sale 20
Last Sale 5012 Feb'12
7
7
37
35
*35
35 --
'
LLNICOLN'S BIRTHDAY
12
1134 1173
8
1153 1178 117 1178 *11
1112 113
4
92
92
02
9134 9214
9134 9214 92
92
92
Last Sale 325 Feb'12
_
*335*335 _.. _ *335
--_ _ 130 130 *12914 133 *12914 133
*12914
*12914 1-335014 *4912 60
*4912 50
4912 *49
4912 *49
50
Last Sale 102 Feb'12
*102 104 *102 104
*102 103
141 141
1403 14038
8
14012 14012 14012 11012 *14013 141
_
40
46
45
46
45
45
*4512 47
Last Sale 41 ---Jan'12
,
86
8614 87
-86
86
86
8512 86
, 1- IF
7087
4912 4912 50
*47
50
50
*49
5212
118
Last Sale Ifs ocilii
*1
118 *1
*1
118
*6
8
*6
8
Last Sale 612 Noy'll
8
*6
4612 47
4612 4612 *46
47
4614 4612
47
47
Last Sale 13712 Jan'12
*135" 1-61 *igE" 196 190 192
*185 191
139 13914 139 13914 *139 13912 15914 13912
*13812 13912
10
10
10
10
10
*10
11
10
1014 1014
Jan'll
Last Sale 78
115 110
*1(55 110
10034 110
110 110
110 11012
_
10134 10134 10112 10112 10112 10112
5714 5738 5738 5738 5714 5714 5712 r;712
_ __
_ 10578 10578
- 106 106
---50
Last Sale 50 Aug'11
*47 16 *47
38
3812 3812 39
39
3812 39
3814
9012
*89
9012 *89
8912 8912 *89
90
*143 144 *14412 146
Last Sale 149 Feb'12
Last Sale 128 Feb'12
*127 12812 012734 12812
*100 106 *100 106
Last Sale 105 Feb'12
11614 11614 11614 11614 *115 11614 115 115
106 10612 100 10618
106 106
10534 106
150 15012 149 15014
149 15012 150 151
12313 1233 12312 121 *122 12312 8
102 10213 10213 .7- 1025;
101 1017 10134 102
8
Last Sale 220 Feb'12
*215 230 *215 225
*107 10712 *107 10712 107 10712 __ ____
Last Sale 114 Feb'12
*114 112 *114
112
5973 61
5978 6012 5914 6018
5858 60
15
Last Sale 1478 Feb'12
*13
15
*14
*10112 102
*5718 6712
50
*47
383 383
4
4
*89
90
*145 147
*128 12812
*__ _ 106
*115 11614
10614 10658
150 15112
123 123
10034 101
*205 225
107 107
*114 113
5918 6013
*14
15
Sates
of the
Week
.3hares
Price
Friday
Feb. 10.
Week's
Range or
Last Sale
Highest.
Lowest.
Miscellaneous
885 American Can
100
Do pre
725
100
American Radiator__100
Do pref
100
25 Amer Shipbuilding.....100
Do pre
,
100
135 Amer Telep & Teieg
230 Booth Fisheries com
Voting trust ctf
Do prat
362
75 Cal & Chic Canal & D.100
Chic Brew'g & Malt'g
Do pref
285 Chic Pneumatic Tool_100
Chicago Telephone___100
50 Chic Title & Trust_100
244 Commonw'th-Edison _100
140 Corn Prod Ref Co cum__
Do
do
pref.
160 Diamond Match
100
133 Hirt Stunner & Marx pt_
155 Illinois Brick
100
50 Internat Harvester Co -Masonic Temple
315 McCrum-ilowell Co_ _100
3
Do prof
National Biscuit
100
Do prof
100
Nat onal Carbon
100
Do peel
20
100
473 People's Gas L&Coire_100
6,107 Sears-Roebuck corn 100
152
Do pref
100
832 Swift & Co
100
the Quaker Oats Co__100
Do pre
101
100
Unit Box lid de P Co_100
1,880 United States Steel corn..
Western Stone
100
Lowest.
18 Jan 29
18 Jan 29
1 Jan 29
1 Jan 29
33 Jan 4 38 Jan 22
91 Jan 5 9334 Jan 20
0012 Jan 9 10438 Jan 13
35 Feb 10 38 Jan 9
10 Feb 16 11 Jan 12
578 Jan 13
514 Jan 9
20
50
7
33
2012 Jan
5012 Jan
78 Jan
38 Jan
4
19
20
2
Jan
Jan
Jan
Jan
17
4
4
30
1112 Jan
91 Feb
325 Feb
131 Jan
4813 Jan
100 Feb
139 Jan
45 Jan
44 Jan
84 Jan
49 Feb
2
1
1
15
5
6
11
17
18
18
9
4614 Feb
13712 Jan
184 Jan
13514 Jan
10 Feb
16 5012 Jan 26
4 13713 Jan 4
4 19814 Jan 9
4 14112 Jan 9
13 1118 Jan 22
1278 Jan 23
95 Jan 2
325 Feb 1
133 Feb 6
5014 Jan 16
1041$ Jan 18
14113 Jan 22
48 Jan 17
50 Jan 9
88 Jan 9
50 Feb 15
106 Jan 2 11134 Feb 5
10012 Jan 25 10134 Jan 31
56 Jan 9 5978 Jan 23
106 Feb 14 10773 Jan 15
35 Feb 2
8912 Feb 13
14313 Jan 15
126 Jan 15
107 Jan 24
115 Feb 16
10312 Jan 2
140 Jan 5
12112 Jan 11
9834 Jan 2
215 Jan 16
10512 Jan 2
114 Jan 10
5858 Feb 13
10 Jan 17
4012 Jan 4
02 Jan 6
150 Jan 30
128 Feb 5
112 Jan 3
120 Jan 2
107 Feb 2
15318 Feb 6
12414 Feb 8
10238 Feb 16
235 Jan 22
110 Jan 15
173 Jan 18
6912 Jan 3
1478 Feb 7
Highest.
185 Jan 190 Apr
112 J'ne
112 J'ne
6 Mch
3 J'ne
21 J'iy
32 Dec
85 J'iy
94 Nov
80 Apr 101 Aug
2024 May 3778 Dec
8 May
1213 Aug
412 Mch
712 Aug
6 .Nicla
14 Nov
15 Sep
25 Feb
39 Sep
7212 Feb
7 Dec
1314 Feb
50 Jan
38 Nov
9 Jan
7678 Jan
165 Jan
12012 Mel)
48 Nov
10612 Sep
13153 Aug
35 Apr
38 J'ne
60 Sep
4912 Apr
1 J'ly
312 Mch
3912 Sep
115 Jan
15113 Jan
113 Jan
4
• 93 Oct
78 Jan
9213 Feb
100 Sep
4978 Sep
9914 Sep
47 Jan
381, Nov
90 Oct
11714 Jan
123 Jan
100 Aug
117 Sep
101 Sep
12334 Sep
116 Sep
9734 Sep
165 Mch
10212 Feb
1 Dec
5013 Oct
13 Dec
1212 May
93 Dec
304 Oct
133 Nov
79 Feb
113 May
15214 J'ne
5914 Mch
5734 Mch
8838 Dec
52 Feb
114 J'ne
7 Nov
558, Feb
14114 Nov
180 Dec
13738 J'iy
1538 J'ne
78 Jan
11034 Nov
10334 Dec
70 Jan
129 May
5018 Aug
67 Jan
98 Feb
14212 Dec
130 Mch
120 Meh
120 Mch
10853 Jan
19234 Jan
122 Meh
101 J'ne
212 Dec
10712 J'iy
7 Jan
8178 Feb
25 Jan
Chicago Banks and Trust Companies
Otaleand.
Interen
Period
Range for Previous
•
Year 1911.
Range for Year 1912.
Railroads
Chicago City Ry
100
Chicago & Oak Park_100
Do peel
100
25 Chic E'ley 1-ty5 corn
Do pret
200
Chic ilys part ctf "1",..._
288 Chic Rys part ctf "2"
15 Chia flys part ctf "3" ___
35 Chic lays part ate
Chicago Subway
100
[Cans City Hy & Lt__100
Do prof
100
20 Streets W Stable C L 100
Do prat
10
100
Chicago Bond Record
BONDS
CHICAGO STOCK
EXCHANGE
Week ending Feb. 16,
STOCKS
CNICAGO STOCK
EXCHANGE
Irdsi
Sold
Range
far
Year 1912
NAME
stag
&vet
(1)
ihsrplut
and
Profits
(t)
Dividend Record
he
1911)
In Per-. Last Paid,
1911 iod
$200,000 $163,738 Org. A pril 3 1911 V.92, p.1004
Bk.:
Ask Low
High No. Low
High American State
10012 Jan'll
An Jan '11, 0
100,000
Amer Strawb't1 lit 61_1911 P - A
452,216
6
6
Calumet National
D (92 Sale
Armour do Co 438a.__1939 J
92
92
2 9113 92
500,000
Chicago City
299,239 10
10
J-J Jan '11. 7
100
Booth Fish Co Debli 54'17 J - J
Contttal & Comm Nat_ 21,500,000 8,805,61310
Q-J Jan '12, 213
---- 100 Mcii'11
1924 J
J ---Mch'll
Deb g 53
Corn Exchange National 3,000,000 5,814,152 -1F116
44 Jan '12, 4
Douglas State
2 0: 0
0000
Sink Fd Deb 65 tr rca-- A- 0
6812 Apr'11
0m
50.283 Beg, b us May 31'i 1. V.92.01533
8
Drexel State
Calumet do South Chicago
6
44 Jan '12, 113
1927 F - A :0838 9878 9914 July'll
Drovers' Dep National..
By 1st Ss
600.000
453,399 10
10
Q-J Jan '12, 213
10114 Oct'09 7;
Englewood State
_ 200,000
Cass AY & F (St L) 53'12 J - J
55,414
634 Q4 Jan '12, 2
6
First National
100 Blay'07
Chic Board of Trade 451927 J 10,000,000 11,618,417 12
12 Q-M Dec 30'11,3
10278 -5 10213 103
First Nat Englewood -- A 1027 gife 10278
150,000
Chicago City Ry 5/.....1927
12 4-14 Dec30'11,413
196,748 10
Apr'04
Foreman Bros 13'k'g Co
103
J
1,000,000
Chic Canso( Br is Mit 6s...._ J
563,226 Priv ate Ba nk
Fort Dearborn National 2,000.000
Ape09
50
Ohio Consul Trao 4145 1939 J - I)
611,695
8
Q-J Jan '12, 2
8
Jan'06
.- Hibernian B'k'g Ass'n- 1,500.000 1,225,025 8+2
Chic Auditorium lst5s1929
- A OF "94" 9834
Q-J
(1)
Kaapar State Bank__
99 Sale
99
5 973 99
8
99
400,000
34 July '11,5
Chioago Elev By 53_1914 J
129,145 10+15 10
Lake View State
Gine Jo RR 1st Mg 58_1945 M Beg. b us Apr 811 V.92,p. 1001
---- 0412 Dec'09
Feb'06
-- La Salle St National_ 1,r00;000000
Chic No Shore Mee 6s.1912 A 284,343 Beg, b us. Ma y'10 V.90, p.1277
---- ---- 87
Live Stock Eat:Wee Nat 1,250,000
Jan'12
;____ 94
92
94
Chic Pne tool 1st 5s_a1921 J
9-1
10 Q-11 Dec31'11,211
603,782 10
7
Chic lay 59
• - A 10034 Sale 10034
8
8
1007 "25 9978 100 8 Nat Bank of Republic... 2,000.000 1,335,228
8
44 Jan '12,2
Chic Rys Cs _,,series1921 A - Is ; 9638 Sale
" '
A
9612 National City
9614
9638 17 96
2,000,000
523,705
6
6
44 Jan '12, 113
Chic Ry 4s-series "A" A 9614 9738 National Produce
250,000
9638 Jan'12
93,517
4
6
4-3 Jan '12. 112
(Arlo itys 4aserics "ii" J 0078 Sale
200,000
9058
9078 55 9058 9158 North Avenue State__
75,985
7
Q-J Jan '12, 134
634
, Chic ltys 4s _series "C" F - A 9412 Sale
9412 47 933 94,2 North Side State Sav'es
94
50,000
6
37,711
6
Q4 Jan '12, 111
4
-A
Chic Rys coil 6s
1913
North West State
Jan'12
IOU
200,000
35,657
4
5
100 100
Q-3 Jan '12, 113
Chic Itys Fund 6s....1913 ii - A
Jan 11
300.000
137,210
7
934 Q-3 Jan '12, 213
-- -- People's Stk Yds State,.
-- 100 DeCii
Chic itys Tern Ctfs 181 58
100
PrairieState
500,000
10 6
67:9595
6 Q-11 Jan '12, 114
18214 85
Chic Ry Pr m Mg 4s_e'27
82
Jan'12
Second Security
240000;0000
:137,858 Beg b us.N
.4i
6
suov i'11 V.93, p.1235
7734 85
54 Sale
54
55
Chic Ry AdjInc 4s 0.927
15 48
Q-3 Jan '12, 112
Security
60
6611 Aug'08
Jan '12,2
200,000
100,000
South Chicago Savings_
Chic it 1 & F RR 4s....2002
734
8
--a.
6613 Jnily'08
200,000
Coliat trust g 55-1913
16,597
6
6
SouthSide State
Q-J Jan '12, 112
:1.0212 103
103
Feb'12
12
Chic 'Telephone 55.-1923
State Bank of Chicago.. 1,500.000 2,093,092 12
103 103
Q-J Jan '12,3
10338 38 103 10338 StockYards Savings
10338 Sale 10314
198,015
8
ComI110nw- Edison 5s..1943
8 Q-14 Dec 30'11, 2
- 250,000
Chic Edison deb 63_1913
100,000
130,672
6 11-N Nov '11,3
---- 10078 Noy'lu
6
Union Bank of Chicago.
100
Feb'll
1st g Os__July 1026
10,711
6
Q-J Jan '12, 112
WashingtonPark Nat'l
100,000
---10058 Aug'09
1920
Debenture 55
19,767 None None Q-11 Dec31'08,112
Wendell State
50,00(9
10278 'iL i511- 1027 zeontral 'Fr Co of III
8
1027 Sale 10234
Commonw Elect 5491943
2 8
8
Q-3 Oct '11,2
- y2,000,000 1,015,465
734
:993 100
4
9978 10 9978 997
0978
Qudahy Pack lstM5s_1924
6
8 Chicago Say Bic&
220,687
6
Q4 Jan '12, 113
Tr- 1,000.000
Dia M.atah Con db 63_1920
107 11018 Chicago Title & Trust- 5,000.000 t 2,031,511
;10812 1093 10934 Feb'12
4
8
Q-J Jan '12, 2
734
Dee'08
Illinois Tunnel 58
80
1928
16,395
6
10
Oitizen.s Trust & Sayings
50,000
Q-J Jan '12, 212
Kau City By & Light
Colonial Trust & Saving
476,333 8+2 8+2 Q-3 Jan '12,213
600,000
Co 5s
9734 May'll
Coat & COMM Tr de Say 3,000.000 1,011,315
1913 It N
Iday'll
K nick'b'ker Ice 1st 631928 A 100
Drovers'Trust &Savings
153,30)
8200,000
834 Q-3 Jan '12, 213
8813 Jan'12
Lake St El-lst 55-1928 J . J (38
ill; -El; r First Trust & Savings_ r2,5500 3,972,600 12
90
16 Q-1I Dec30' 11,4
2 0 000
00: 0
Income as
1925 Feb
16 May'05
-- -- Ft.Dearborn Tr&Say Bk
usi.A3r 3' 11 V. 92, p.:129
2i
6,377
Metr W Side El
Greenbaum Sous Bk do'1r 1,500,000
Q-3 Jan '12, 213
72,863
1st 45
1938 F - A t 865s Sale
8558
85
58
5 8513 8534 Guarantee Trust & Say,.
34,623
J4 Jan '12, 3
200,000
Extension g
HarrisTrust 61 Savings
82
83
J -J (82 8 8273 8213 Feb'12
Q-3 Jan '12,"
12
1,500.000 1,907,670 11:1:5
,
434_1939 J
Morris & Co.
J ;8978 Sale
8
15 8913 897 dome Sank & Trust ____
8978
8978
300,000
59,793 Beg. b us Apr 1.1 1V.92,p.1004
• s
North 'West El 1st 4s- 1911
q Jan '12, 4
100 Jul sell
---- -- Illinois Trust .31 Sayings 3,000,000 9,096,028 16+4 16+4
Northwestern Gas Light &
Kenwood Trust & Saves
7
Q-3 Dec30'11.134
200,000
71,007 7+13
4
1928 Coke Co 51
6
9934
9934 9934 Lake View TrustisSavgs
t 993 Sale
4
200,000
58,839
4-.1 Jan '12, 113
9934
53-4
1945
Q4 Jan '12. 4
- N : 4 -- 96
Merchants' Loan &Tr Co 3,000,000 6,391,793 12
Ogden Gos 58
15
3
95 4 90
Feb'12
053
1916 J -I) 9813 ____ 10038 Mch'09
6
6
Pear,o s-Taf115.1
272,394
4-3 Oct '11, 113
750,000
----- saletropolitan Tr & Say
It - S 95
Michigan Ave Tr Co__
4.4iks
59,791 Beg. b us. Oct 291 0V91,p.1221
200,000
9013
----N
4.003 Series E
Ap
'111 92 p1004
,
Mid-City Tr & Say Bk90
56,791 Corn, b us, 8 r 10
97
Feb'10
500,000
11 - N
4.805 Series F
Northern Trust Co ____ 1,500,000 2,612,164
8
Q-..1 Dec30'11;2
9712
9814 Nov'll
J-3 Jan '12. 4
115,530
6
PO Gas L & C 1st 6s_1943 A 8
250,000
1lS1 11812 North-Western Tr&Say
11813 Jan'12
Refunding g 58.-1947 It- S ;10178 10214 102
50,382 Beg. b us J'ne 1'11 V.172,p, 1537
200,000
10214
6 102 10214 Old Colony Tr is Say Bank
J ;103 10314 10318 Dec'11
Chic Gas L&C 1st 551937 J
People's 'Fr & Say
166,264
500.000
Q-.1 Jan '12. 2
Cousum Gas 1st 55_1936 J - D :10213
278,450
8
300,000
8
103
Jan'12
10218 103" Pullman Trust & Saygs_
44 Jan '12,2
Mut'l Fuel Gas lst5s1947 M - N ---- 16114 10113 Jan'12
30.044 Be:. b us. J•ly 12'O 9 V.89,p.141
10112 10112 Sheridan Tr do Say Bank 200,000
9578 Sale
324,378 Comm weed bus. Sept 6 1910
otals Side Slav 4 345_1924 J - J
T
9578
9614 Standard Tr & Sayings_ 1,000.000
96
16 96
200,000
46,358
534
Swift & Co 1st g 55-1914 J - J t10038
10013 Jan'12
6
J-.1 July '11,8
10014 100 4 Stockmen's Trust do Say
3
1.200,000 1,331,735 k8+2 8+2 Q-11 Dec 30'112
nion El (Loop) 5.s..1945 A t---- 85
Union Trust Co
89
Jan'12
89
89
223,002
6
70
x Western Tr & Savings 1,250,000
United Box Board col 61'26
Apr'lO
6
Q-.1 Jan '12, Us
J - J
West Side Tr&SayBank
200,000
145,128
General mtge 65
60 lich'll
6
8+2 Q-14 Dec30'11; 4
- J siONg 103
10214 10212 Woodlawn Tr &Say Bank
10213 Jan'12
200,000
79,551
9
Q-.1 Oat '11;
Western Elec Co 55......1922
734
Note.-AccrUer1 interest must be added to all Chicago ti ond prices.
asked prices; no sales wore made on this day. t Des. 5 (close of business) for national banks and Dec. 6 (opening of business) for State institutions. INS
• Bid and
Dries Friday; latest price this week. 4 Sept. 11011, Il Dividends not published. Stock au acquired by the Cont. &Comm. Nat. Bank. a Due Dec. 31. b Due Jtme.
D Feb. k Also 207. in stock. q Dividends era paid Q-J, with extra payments Q.F. r Capital to be Increased to $5,000,000, a stuck die. of 100% to be declared.
Due
P. 03, p. 1436, 1769. s A dly. of 50% paid la 1911 on Security Bank stock, to provide capital for the new Second Security Bank. V. 93, p. 1235. $ Dee. 30 1911.
p Central Trust and Metropolitan Trust do Say. Bank consol.• V. 93, p. 1705, 1361 Central Trust also absorbed the Western Trust & Sae. Bank in Dec. 1911, V. 93:
O. 1760, 17054 V.94, V. 823. V (*Vital InOreasesi to $2.500,000 on Dec. 15 1911.
.
BOSTON STOCK EXCHANGE-Stock Record, Daily, Weekly and Yearly
SHARE PRICES
-NOT PER CENTUM PRICES
Saturday
'
Feb. 10.
8
1037 104
*10418 10438
22112 222
132 132
,*......_ 218
,
9914 9914
1•208 ,*13 15
1 *74
_ 1212
r *5578 58
*170 171
. *11134 115
272 272
12714 12714
lc
16712
• *goi2 88
*143 145
.
*-,.,- 933
*20---4
' 13714 13712
*143 .--*212
-6
8 186 18
' 6012 6012
Morukty
Feb. 12
Tuesday
Feb. 13.
Wednesday
Feb. 14,
Thursday
Feb. 15.
Friday
Feb. 16.
10438 10438 *10418 10412 *1037 10418 *10378 10418
8
*104 10412 10418 10418 *10334 104 *10278 10418
22112 122 *221 222
22112 222
22112 222
132 132
13134 132
13134 132
132 132
215 215
218 *_ _ 217
4
.9914
oii2 9912 65
9912 651 4 -- - 9912 9912
Last Sale 29914 Feb'12
*298 299 *299
-*13
15
Last Sale 13
*13 -15
Jan'12
Last Sale 75
_ *74
Jan'12
*74
*_
-- *_
1212
Last Sale 1238 Jan'12
1212
.572
*3.i2 58 *5 58 *56 58 56 50
6
•
Last Sale 170 Jan'12
*170 171 *170 171
113 113
*11212 _-_ *113 115
11314 11314
_ *272
__
*272
*272--- 127 fif - iii- 12712
127
12714
-127_ _- _ *133 160
165
160 160
160 11714__ _
*36
86
86
8712 88
87
87
88
Last Sale 135 Sep'11
145
*143 195 *143
2012 2014 2014 *2012 ___
*20
20
20
93
9318 9318 94
9234 9234 93
94
137 13712 13718 13712 13714 1373 13714 1373
4
4
Last See 143 Feb'12
*143 ____ *143 -___
Last Sale 21312 Jan'12
.._ *212 -*212
18514 1853 18512 18512 *18514 186
8
*18514 186
-*60
*6012 65 *_ _ _ 60
62
58
59
*1i314
___ *11314 ____ 11313 114
102- iiii" *102 10214 *102 10214 10214 10214
165 165
logs 10 4
16478 16512 16412 16412
-337
*16434 165
9214
9212 *9134 9238
*92
Last Sale 9212 Feb'12
*92
*164*164
_ 164 164 *163
_
ig
88 873 88
4
8712 - .
iii-*8734 88
88
8812
*10112 ____
102 10212 10112 10112 *10112 10212 102 102
I
I
5934 5934
10234 103
418 414
1513 1518
118 118
*11734 118
14033 14012
*2534
__
8618 1612
79
79
*10013 101
*812 9
1834 18 4
3
*160 16114
1438 1433
*298 290
157 157
9114 0114
9712 9712
*219 22014
*312 4
10434 105
*104 108
*159 15912
ierL" --:::_
15913 11913
*1314_
102 101-, 3073 3078
*28
30
182 182
4838 49
*2818 2814
6038
59
*10733 10778
Pi
.4
A
Sales
of the
Week
Shares.
STOCKS
BOSTON STOCK
EXCHANGE
Railroads
41 Atch Top & Santa Fo_100
100
D on Pr Albany
100
210 B• oston & e
10
100
402 Boston Elevated
3 Boston & Lowell
100
100
90 Boston & Maine
Boston & Providence_100
Boston Suburban El Cos_
Do prof
Boston de Worc Elea Cos_
Do pref
10
Chic Juno Ry & USY _100
220
DoConnectPictuett R• iver__
100
250 Fitchburg, pref
145 Ga By & Electric
100
Do
100
189 :Ja o CPernetral
e
100
115 Mass Electric Cos____100
76
Do pref
100
dc H
131 NYNli N Irartford_100
Northern
100
Norwich do Wor pref_100
29 Old Colony
100
100
40 Rutland pref
100
19 Seattle Electric
100
Do pret
112
100
255 Union Pantile
Do pre1
100
100
10 Vermont & Mass
End
50
4331 Westt u St
Do pref
50
Miscellaneous
699 Amer Agricul Chem 100
971
D- pref
100
65 Amer Pneu Service
50
67050
Amer Sugar R• eilia
po
t
100
Do poet
590
100
3,244 Amer Telep & Teleg_100
Amertcan Woolen__ _100
373
Do prat
100
121 Amoskeag Manulacturing
Range since January 1.
On basis of 100-share lots.
Highest.
Lowes:.
Highest.
10378 Feb 10
10113 Jan 12
220 Jan 3
13014 Jan 2
215 Feb 16
99 Jan 27
299 Jan 3
13 Jan 24
75 Jan 25
12 Jan 6
54 Jan 5
170 Jan 16
10812 Jan 2
271 Jan 3
126 Jan 3
14913 Jan 4
86 Jan 30
10653 Jan 25
10414 Feb 7
22214 Jan 30
13.112 Jan 29
218 Jan 4
10012 Jan 3
29914 Feb 5
13 Jan 24
73 Jan 25
1212 Jan 6
57 Jan 8
170 Jan 19
11314 Feb 16
272 Jan 18
128 Jan 25
17512 Feb I
9112 Jan 6
20 Feb 8
9234 Feb 13
136 Feb 2
14213 Jan 19
211 Jan 8
18514 Jan 3
41 Jan 2
109 Jan 10
10114 Jan 8
10012 Feb 1
91 Jan 26
164 Jan 5
8613 Jail 2
10114 Jan 2
2318 Jan 8
97 Jan 5
139 Jan 16
143 Jan 24
21212 Jan 29
187 Jan 31
70 Jan 24
114 Feb 16
10212 Jan 30
17312 Jan 2
9212 Feb 8
161 Jan 16
8812 Feb 16
10213 Feb 7
10058 Sep
101 Sep
210 Apr
12412 Sep
207 Feb
0612 Oct
292 Meh
12 Sep
70 Oct
6 Feb
3812 Jan
156 Apr
107 Mch
265 Jan
125 Apr
11712 Jan
80 Feb
135 Sep
16 Apr
8334 Jan
12714 Sep
139 Jan
210 Jan
133 Aleh
32 Jan
10512 Apr
x9712 Meh
15312 Sep
90 Mch
156 Meh
85 Sets
103 Aug
11614 J'ne
105 J'ne
226 Feb
• 13012 Aug
218 Sep
12238 Feb
300 Mch
10 Men
7014 J'no
13 J'
ly
58 J'iy
171 Dec
11512 J'iy
272 J'ne
130 Jan
164 Oct
9312 J'ne
215 Jan
24 J'ne
96 Nov
15138 Feb
142 Men
214 Nov
190 Nov
4.5 Dec
114 Dec
104 Aug
19218 J'ly
9518 May
10418 Dec
93 Mch
105 Jan
40 Sep
6312 Jan 2
99 Jan
103 Feb 0
312 Aug
518 Jan 15
1218 Aug
1714 Jan 16
12013 Jan 30 112 Sep
11912 Jan 30 11134 Jan
14218 Jan 18 13153 Aug
2612 Dec
28 Jan 8
Dc
Oct51
8973 Jan 10
7912 Feb 15
109 Dee
101 Jan 30
738 Dec
9 Feb 14
1412 Nov
20 Jan 18
HO Jan 20 14514 Jan
714 Jan
1614 Jan 27
29012 Feb I 275 Sep
10112Jan 25 142 Sep
8734 Jan
92 Jan 20
93 Dcc
3 oet
9812 Feb 10
225 Jan 18 211 Jan
4 Jan 20
105 Jan 18 103 Oct
10313 Jan 31 101 Nov
16112 Jan 27 137 Jan
93 Jan
118 Jan 31
(8234 J'iy
74 Jan 9
102 Jan 30 153 Sep
14 Jan 17 x12 Jan
9734 Sep
10212 Feb 15
29 Sep
32 Jan 10
27 Meh
30 Jan 13
187 Jan 6 1178 Dec
4014 Aug
4014 Feb 7
2012 Sep
29 Feb 7
50 Oct
6934 Jan 3
1113 Jan 3 10312 Sep
4
4
033 Dec
10514 Meti
612 Jan
1914 Jan
122 Feb
12018 May
15314 J'ne
3614 Meh
81 J o
9(
)12
Nov
10012 Dec
11 May
20 Jan
15012 J'ne
12 May
297 Dec
16738 May
9634 Aug
9487138
n
t
235 Aug
Jan
119 Mch
11612 Mesh
16513 Dec
105 J'ne
7334 Nov
103 Jan
15 May
104 J'ne
30 Jan
31 J•ly
19712 J.
IY
587) Feb
2914 Jan
8218 Fob
12012 Feb
4 Sep
212 Oct
21 Aug
4434 Sep
19 1) e
1 Oct
14 e
718 J'ne
11 J'ne
4414 Dec
7158 J'ne
2i05: Dec
3j4 J ne
'
Lowest.
5914 Feb 8
60
4
eo
597 6014 593 60
3
5934 558
10234 103
10034 Jan 13
10234 103
10234 103
103 103
413 418 *4
4 Jan 26
412 *4
412 *4
414
1514 1513 1518 *15
15
*1513 1614
x1434 Feb 2
10
11712 11834 119 11933 11878 11038 1183 11918
11434 Jan 10
4
11734 11838 118 11812 118 11814 118 1183
11512 Jan 4
3
14014 14012 19038 14034 14038 141
141 14113
13712 Jan 2
*2334 --25 Jan 31
Jan'12
Last Sale 25
8612 87
8614 8658 *2514--87
80 Feb 5
86
87
87
*7812 79
7812 7812 79
77 Jan 3
7912 '7813 7812
101 101
10012 10034 100 10012
100 Jan 2
110 PrerW 1 SS L_100
813 858
-, 2 --*812 9
9
0
i;i
9
7 Jan 4
17
332 A• t1 Gulf&
18
1814 *1814 19
100 16 Jan 4
18
18
*1814 19
70 Cum b Temp & Teleg_100 157 Jan 2
Do P •
*160 16114 *160 16114
Last Sale 160 Jan'12
14
14
1414 1412 1434 15 8 1512 16
10 1034 Jan 2
5
3,088 East Boston Land
100 295 Jan 2
298 295
299 299
299 299 *_ _ _ 299
61 Edison Eleo Illum
157 157
15634 157
100 155 Jan 2
157 15714 15734 158
121
879 General Electric
Massachusetts Gas Cos100 9014 Jan 2
91
9114 9114 9138 91
9114 9118 9114
97
9714 97
Do pref
100 9312 Jan 5
98
877
9734 9778 9812 9812
*220 221 *220 221
90 Mergentnaler Lino__ _100 218 Feb 1
22038 22038 22018 22038
*312 4
*312 4
318 318 *312 4
3 Jan 4
20 Mexican Telephone.... 10
63 N E Cotton Yarn--100 104 Jan 29
104 104
105 105
104 104 *104 105
Do prof
120
*104_ 106 _ *105 105 _ 10412 10413 105 105
100 x10313 Jan 15
43
54 N E Telephone
160 100
159 100 *159 160
100 152 Jan 2
15912 15912
Pacific Coast Power__100 116 Jan 22
Last Sale 118 Jan'12
Portland (Me) Elec100 7213 Jan 17
;ii -- *83 "ici
96
Last Sale 7212 Jan'12
745 Pullman Co
159 15912 159 15913 15834 15914 15834 139
100 158 Feb 1
1334 14
25 Reece Button-Hole.. 10 1334 Jan 2
*1312
*1312 -2838 Swift & Co
2
10112 102
101
190 9812 Jan 2
102 10212 10218 10214
Torrington
25 3014 Feb 2
*3012 31
31
31
*3012 31
31
31
Do prof
6
*28
25 28 Jan 5
2912 *28
2912 2912 2912 *28
2912
I1 t
100 178 Jan 29
183 183
182 183
183 18414 18313 1833
4 1,854424 uUnnlShoetecl F 1
oh Corp
25 4614 Jan 15
4814 4814 4812 4812
8
4812 4812 477 48
Do pref
25 2758 Jan 10
144
28
2814 *28
2814 2814 28
28
2814
in ioin
100 5838 Feb 13
5838 6014 59 4 607
3
8 5934 605,s 5014 6r1,' 17,504 U S Steel Cnrpg
75
Do pref
100 10718 Feb 13
10713 10712 10812 10812 *108 10812 10838 10838
- -1- 1-4
0
pl
in
Adventure Oon
Z
165 A igomah min wo.
7
25
77s Jan 2
558 Feb 13
578 578
612 612 *6
612
5
5 8 5 8 *6
5
.
-1
25
45.3 Jan 4
e7 Jan 27
613 1,310
6
013 613
3
613 6
18 *,..5_4 614
614 614
40
4112 401_2 4012
25 3814 Feb 1 4412 Jan 2
a9
,14 40
39 4 393
3
4
4
0214 6278
6214 6338 633 6413 6434 6514 647 6512 4,081 Amalgamated Copper 100 60 Feb 1 6738 Jan 3
.
...
8
039 A Ill Zinc Lead & Sm_ 25 2412 Feb 15 263
25
2412 243
25
2518 25
25
4 243 243
2514
4
4 1,
4 Jan 8
14
230 Arizona Com'l etfs dep..
4
4
4
414
414
4
414 412 1,
4
414
2 Jan 2 e412 Feb 0
Bonanza Dev Co____ 10 .42 Jan 4
.49
Last Sale .48 Feb 12
.
.48 *.....49
*.45
*45
12Jan 10
97
8 67
8 *612 7
*612 7
20 Bos&CorbCop&SliMg
9 Jan 16
614 Feb 1
5
*6 4 7
3
315
41is
.
412
412 Jan 4
413 413
*4
312 jan 22
414
414 414 --413 -- -18 3495 iBwuttttee-CBotitikloanva Cop_ 10
4
15 2134 Jan 18 2338 Jan 3
*2214 2258
9912
1,995 Calumet & Arizona
2 14 6014
g 84
7
10 5712 Feb 1 63 Jan 2
g8i
: IP g61 : E834 g013
1
5938 60
68 Calumet & Hecla
0410414 414
420 420
25 405 Feb 1 447 Jan 3
423 425
420 420
e
C temera ur
135 Cons nnlcl Gold
*1813 19
*18
25 1712 Jan 5 23 Jan 18
19
1914 1914 1912 19
19 191-3
1 .04 Jan 13 .09 Jan 15
*.03
.0
.06 *.03
Last Sale .06 Jan'12
2
iii- 51"
5112 6112 5134 5134 5134 5212 5214 5214 1,030 Copper Range Con Co 100 50 Jan 31 5612 Jan 6
:Gag Jan
518 518
5 Jan 19
20
518 514
518 518 *3
514
514 514
s
0
10 1214 Jan 15 14 Jan 20
1234 1234
1234 13
18 p asy Butte
1234 13
13
131
8 123 123
4
4 1,685 Ealt-Wct Cop Min
ub
314 Fe 11
112 Fen 5
13
1234 1338
13
1213 13
25 1414 Ja b 17 1432 J, i 5
5
13
13111 123 123
4
4 2 335
•
414 438
GiVonukxthiConsolidated.
433 412
43
8 412
43
8 413
412 412 2'220,
746 Granby Consolidated_100 33 Feb 5 3912 Jan 3
35
35
35
3512 3512 34
35
3512 34
36
,
1,030 Greene Cananea
Fen 15 3514 Fen 22
Ja b 3 913 Ja b 14
778 8
8
8
7 3 77
7
8
773 77
8
8
8
Hancock Consolidated 20 27978
3314 34
3453 353
25
3312 35
4 3412 3514 35
3513
*11s 114
112 Jail 15
133 112 *114 112
1 Jan 3
25
1710 1710 *114 112 3' 27 H• elvetia Copper
540
3
1358 137
14
8
1334 14
14
14
14
25 1138 Jan 16 13 Jan 27
1334 1412 1,080 Indiana Mining
1812 1834 185 1834 1838 19
1858 1878
8
185 183
3
4 1,561 Inspiration Canso' C_ 20 18 Feb 6 2158 Jan 24
44
*4334 44
4414 44
1 4912 Jan 17 4414 Feb 14
880 Island Creek Coal
4334 433
4
44
44
4414
1 85 Jan 13 8631 Feb 7
8612 8613
Do pref
8612 8612 8612 86 4 *8612 8634 ,114
3
-2,. _2312 2312 233 2438 24
' 2314 2
2478 -2418 43
4
3
312
-8 4,120 Isle Royale Copper_ 25 20 4 Jan 15 2478 Feb 15
bob
, 3
3
3
3
318
3
3
3
470 Kerr Lake
3
3
3
*114 118
1318 Jail 10
4
595 La weena w eropo er--- 2
27 Keke cop p C u p
234 J n 2
13
8 13
5 .80 jaIs 3
8 *114 112 *114 112 *114 112
3334 3414 3412 3412 35
25 3213 Feb 1 38 Jan 2
4
35
333 3413
3412 3412
3
534 Jan 9
412 412 *412 47
*412 5
30 La Salle Copper
*412 5
412 Feb 15
5
25
Live Oak Developm't-10 4038 Jan 15 4313 Jan 18
Last Sale 4112 Jan'12
---1218 7,680 Mason Valley Mlnes.. _5 1078 Feb 8 13 Feb 10
12
-.3:1 -113 ---311
4 11 4 1134 1214 12
914 Jan 4
430 fass Consol
23
714 Feb 13
*
712 8
712 712
4 73
4
4
73
712 73
.
_
714 714
_
7183 714
57
9
234 Jan 3 1014 Feb 10
25
812 0
14
9 3 1014
3
1°4 812
73
4
1
liaimill"Ceropper
5 2338 Jan 29 20 Jan 3
2334 233
*2312 2334 233 .233
4
4
4 231 2312 2 4
4 4
13
812 l 0
*3
107 \Ilelligan
312
3
25
*3
31
3
2 Jan 2 5312 Jal 2
*
75 •.1011aW lr
; 53
5012 Jan 30
53
5212 5312 5312 5312
53
53
; 1014 1914
764 Nevada Consolidated_ 5 1814 Jan 29 2018 Jan 2
4
1834 1834 183 183
4
4 183 183 iigi IV"
4
4
395 New Arcadian Copper 23
414 Jan 16
334 334
314 Feb 8
' 334 334
34
4 334
8
33
37
3 37
5734
. 742 712
Jan 30
765 Nipissing Mines
3
312 713
712
712 78
s
753 75
712 712
2553 2634
26
253.4 26
2618 26
23 Fen 1
3
3
2033 25 4 2614 3,026 North Butte
15 25.4 .1.a la 3 2912 Jan 2
4
512 53
714 Jan 2
514 Jan 30
t *512 6
*5 4
3
25
2,075 North Lake
6
534 5151e
5 8 612
7
4
525 0 lbway Mining
412 Jan 5 063 Jan 11
514 512
5
23
5
514
514
514 514
1 * 4 514
43
712 Feb 10
258 Jan 2
25
6154e 712 12,305 Old Colony
612 678
53
4 53
613 6 4
3
8
4
5 4 57
3
' 4533 4558
291 Old Dominion Co
4612 4534 4534 45
*45
46
25 44 Jan 31 48 Jan 2
4512 4512
• 10814 10814
679 Osceola
108 10912 10934 11012 110 112
25 106 Jan 15 11.212 Feb 16
11112 11212
1612 161
1638 1.1312 1612 1612 *1614 1612 1612 1612 1,075 Pond Creek Coal
10 1038 Feb 13 1012 Feb 10
75
75
25 7312 Jan 29 77 Jan 8
74
76
196 Quincy
75
7512 7678 7012 7612
*74
16 8 17
5
1612 1634 1614 1634 1613 1658 1613 165
8 3,725 Ray Consol Copper
10 1618 Jan 29 1912 Jan 2
*118 lag
*118
13
8 *1
138
178 Jan 11
Santa Fe Gold & Cop_ 10
Last Sale 118 Feb'12
1 Jan 31
9 8 98
5
5
888 Shannon
10 • 9 Jan 31 1034 Jan 9
912 934
9 4 9's
3
912
3
912
94 04
3
.70
.70
.70 .65 .65
5 .60 Feb 1 .85 Jan 17
600 South Utah /I & S
.65 .70
.70 3.60
*.50
*2514 2614
2412 2412 25
25
410 Superior
2514 2514 2512 2512
25 24 Feb 1 3012 Jan 2
37
8 37
8
*378 4
314 37
8
314 Feb 14
478 Jan 13
312 311se
33
8 312 2,080 Superlor as Boston :11n 10
28
*27
26
27
28
28
28
25 26 Jan 31 3278 Jan 2
143 Tamarack
2834 2812 30
*5
6
90 Trinity
658 Jan 17
5 Jan 15
25
*512 0
514 514
54 54
3
3
0
0
•
41$
378 418
34
3
38 4
7
418 Feb 10
1
312 Jan 2
3
7
3 8 3 8 3,210 Tuolumne Copper
7
7
3514 3512 3512 3512 *35 8 3512 3514 35
3512 36
53 2,555 U S Smelt Ret de Min_ 50 34 Jan 31 3612 Jan 2
4712 48
4712 4712 4712 4712 4712 4712 477 47 8
493
D .) prof
50 47 Jan 10 48 Jan 3
8
7
3
3
3
3
3
3
3
3
455 Utah-Apex Mining
318 318
5
212 Jan 2 31110 Feb 9
*1512 16
•
1512 1512 1513 1512 1512 1512
470 Utah Consolidated
5 15 Jan 31 1712 Jan 2
18 4 163
3
4
545 5512
3
1,031 Utah Copper Co
5514 5514 56
10 5212 Jan 29 5814 Jan 9
5014 5612 5053 57
57
434 434
*434 5
4 4 47
3
8
900 Vio:orla
578 Jan 20
438 Jan 4
47 5116
8
23
47
3 47
8
612 658
612 634
634 7
7
18
712
718 712 3,890 Winona
25
712 Feb 10
512 Jan 25
98
98
09
99
99
99
171 Wolverine
99 100
23 9434 Jan 20 10212 Jan 2
9912 9_212
2
14 214
2
14 214
2 8 23
3
8
25
985 Wyam'ott
2
14 zire
234 Jan 10
213 2
14
134 Jan 5
.:LeLaig ik aakenlmioce. d Haw stook. e A.ss't paid. 0 Fa-stook div. 11 21 x-rlgtita. a Fa-div. aad rights.
l ila
8
3913 3912
a
al--
la,
2g;44 16,30
/
1
378
Range for Previous
Year (1911).
.30 Oct
3334 NovAug
.75 May
n
y
185,122
Jan
2312 Deo
14 Aug
6334 Deo
43 Sep
360 Sep 543 Jan
8 Aug
19 Dec
.03 Nov .15 J'ne
4674 Sep
6934 Feb
3 Feb
7 Dee
878 Aug
1134 J'ne
14 J'ne
512 Aug
813 Feb
333 Sep
36 Aug
4312 J'ne
Pio Oct
858 Dec
17 Sep
3113 Boo
34 Sep
2 Feb
16 J'ne
514 Oct
3914 May 44 Dec
91 J'ne
8218 Sep
1112 Aug
23 Dec
253 Oct
778 Jan
12 Nov
4
33 J'ne
22 Aug
40 J'ne
3 Aug
6 Jan
2014 Nov
4214 Deo
012 Apr
1178 Dec
412 Aug 710 J'ne
.20 Feb
3140 Dec
1078 Sep
2438 Dec
114 Nov
312 Jan
30 Apr
57 Deo
15 Sep
2114 J'nes
3 Aug
414 Arsr
x(112 Dee
113 Feb
8
3)514 J'ne'
20 Sep
334 Aug
934 J'ne
312 J'ne
358 Dec
318 J'1Y
.50 Jan
49 J'ne
3414 Sep
81 Sep 124 Jan
..
76 Dec
55 Sep
10 Dec
12 Sep
134 J'ne
34 Apr
1214 Feb
7 Oet
1110 May
12 Dec
4212 Jan
20 Oct
814 J'ne
8218 Om
52 Jan
20 Sep
278 Oct
512 Dec
134 Sep
478 May
3(13 Sep
8
4018 J'ne
4514 Aug
4912 J'ne
178 Nov
312J'ne
20 J'ner
4
93 Jan
38 Sep
5758 Dec
1 Aug
418 Dec
912 Feb
33 NOV
4
74 Nov 122 Fob
.30 Nov
3 Feb
FEB. 17 1912.1
Boston Bond Record
, sue
BONDS
.4 4
BOSTON STOCK EXCHANGE ,' h
Week Ending Feb. 16
...- a,
,
Price
Friday
Feb. 16
Week'1
. Range
A
1R,ange or
Since
Lad Sate
' Jan.1.
'
r479
BONDS
8
'BOSTON STOCK EXCHANGE &'
I
Week Ending Feb. 16
.1-; ••:,..
Price
Fruthy
Feb. 16
Wee.';'
',7
Range or
Last Sale
1c
, Fangs
.,:9
Since
'' Jan. 1.
Bid
Ask Low
High No Low High
Bid
Ask Low
High No Low High
Am Agrielli Chem 1st 53„ 1928 A-0 10212 Sale 10238
10258 7 10114 10258 Illinois Steel deben 5s
1913 A-0 10034 Sale 10038 10034 16 10018
Am Telep & Tel coil tr 4s__1929 J-J
1008
9118 Sale 91
4
9118 137 0018 9118 Ia Falle & Sioux 0 1st 7s
1917 A-0
117 Apr '08 __ — -Convertible 4s
1936 ,vi-s 11012 Sale 11012 11012
1 1083411114 Kan 0 Olin & Spr 1st 5s
1925 A-0 97 Sale 97
97
5 97 97
Am Writ Paper 1st s f 5s g_1910 J-J
0834Oct '11 —. --_- ---- Kan C Ft Scott & Mem 6s.._1928 M-N 11712._ 11712
1171
2 117 11712
Am Zino L & S deb Os
1915 11-N 103
104 Jan '12 _-__ 104 105
Kan CM & B gen 4s
1934 M-S -------- 9212 Feb '1
Ariz Corn Cop 1st 63 etfs of
. 92 9212
55 57 5412 Feb '12 ____ 54 60
Assented income 53
1934 III- S 85 Sale 85
85
I 85 89
Atoh ToP & S Fe gen g 4s1995 A-(j 9912 997 0912Feb '12 -- 99 9912
dep.- --.
8
Kan C & M BY & Br 1st 53_1929 A-0 102 — _ 10212 Feb '12 ___ 1021210212
Adjustment g 4s___July 1995 Nov 02 9212 92
0218
6 9114 9218 Maine Cent cons 1st 7s
1912 A-0 ______ 10014 Dec 'II _ ____ __
Stamped
July 1995 M-N 92 9212 9158Jan '13 ___ 9158 9158
Cons 1st 45
1912
10114 Sep '05 ____ ___ ___
50-year cony 75
1955 J-D ____ ____ 107 Dec '11 __ ____ ____ Marq Hough & Ont 1st Os_1925 A-0
A-0 112 ___, 115 J'ne'08
10-year cony 53
_ 11038Mch'll
1917 JD
Mass Gas 4;is
1929 J - J 9918 Sale 9834
9918 10 II -99111
Atl Gulf & W 1 SS Lines 53_1950 J -J 681 Sale 63
6814
-- -661 681 Mich Telephone 1st 5s
1917 J - J
_ ____
Boston & Lowell 4s
________
1016 J -3 --------10014 Meh'09 -------- New Bug Cotton Yarn 5s_1929 F-A -_-- --__ 9912 May'll ___
9734
08
-- -971 9
Boston & Maine 43s
83
104120et '08
1044 J -J ____
New Eng Tel.ph 5s
1915 A-0 ---- ---- 10138 Mch'll -------_____ __
Bur & Mo Riv cons Os
10234 Dec '11
1918 J-J
a isio is, 125 73_1910 31-N
,
1910 A-0 -------- 10012Sep '08
_
__
11158 Sep '11
Cedar Rap
New England cons Ir 5s
1945 J-J -------- 097
8Jan '12 ____ 19 4 -6 7
—_
3- 9;
Cent Vermt 1st g 4s_ ..May 1920 (..,)-F 92
.. 92
92
3 8912 fli
Boston Term 1st 4s
1939
--- Dec-- -0 B & Q Iowa Div 1st 5s___1919 A-0 ---- ---- 1103 Oct '07 ____ ___ __ New River (The) cony 53..1934 A-0
J-J ---------75 D . ____ ---- ---'11
____ ___
1919 A-0 ---------90 Feb 'Ii
Iowa Div 1st 43
N Y N II & H con deb 3;0_1956 J -J -------- 9634 May'll
1913 MN 101
_
101
, Debenture 58
1011
4 iiii 10
-112
Cony deb 6s
1948 J -J -------- 13175Feb '12 ____ 1217 13212
8 -1922 F-A 1C10 .
Penver Ezten as
100
100
1 100 100
Old Colony gold 48
1924 F-A -------- 101 Apr '09 ____ ____ ____
1927 Pit-N _
I Nebraska Eaten 48
9912 May'll ___ __ ____ Oregon Ry & Nay con g 4s_1946
J-D ---------9878 Sep '09
1921 M-S 901— /3 &8W5145
9918 Feb '11
4
Oreg Sh Line 1st g Os
1922 F-A -------- 11334Feb '12 ____ 1133 11334
____ ____
4
- 1949 J -J ___
1 Illinois Div 3;is
8712Nov'11
Pere Marquette deb c 6s
1912 J-J
Ohio Jot By & Stk Yds 55_1915 J J 101121013 10134 10134
-4
1 1004111I1 Repub Valley 1st a t 6s1919 J-J -------- 95 Jan '12 ____ 95 95
103 Jan '11 _____ -Coll trust refunding c 4s..1940 A-0 90 __ 00
00
Savannah Elec 1st cons 5s_1052 J -J
897 91
___ 7014 Dec 'I()
Oh Milw & St P Dub D 08_1920 J-J
114 Jan '11 --..--__
--- --Seattle Elec 1st g Os
1930 F-A -_.: 10514 111414 Jan '12 ____ 104 10412
Oh IA & St P Wis V tilv 65_1920 J J -------- 1138Feb '11
Shannon-Ariz 1st g Os
1219 11-N -83 831 8312
Oh & No Mich 1st gu 5s
1931 11-N 99 997g 99 Jan '12 __ _ 19 --- Terre Haute Elec g Is
85
3
99
1929 J-J ___ ____ 97 Apr '07 __ 8312 85
Ohio 63 W Mich gen 53
1921 J -D 10014 1.3114 101
-101
-1 101 101
Torrington 1st g Is
1915 -S ____ ____ 9934
Concord & Mont cons 4s_1920 J-D
993
2 - 3
98
;
07125ep '11 ___ -_-_ --- Union Pao RR & 1 gr g 4s 1947 3I
J-J
1007 Oct .11 ______ 194
8
____
Cudahy Pack (The) 1st g Os 1924 11-N -------- 10014 Aug'09
20-year cony 45
____
1927 .1-.1 - ___ ___ 10318 Dec '11
1026 A-Q 100
Current River 1st Is
102 Feb '12 ____ 9914 103
United Fruit gen s 1 4;is
1923 J-J 9612 965 9658
8
9
i -- 8 -- 8
9i5 9 - 6
Det Or RaP & W 1st 4s
Debenture 4;is
1045 A-1-1 85 ,--- 8512Oct '11
_ _ ____
1925 J -J
961
6 9534 9612
Dominion Coal 1st s f 5s_ —1940 31-N 1)9 100 99 Feb .12 ____ - - 9914 u s steel Co 10-60-yr 5s Apr 1963 If-N 9612Sale 9618
09
_--___ 10234 1023
2 10158 1(14
Fitchburg 45
1915 n-s ......___ 1031 Apr '05 ...... _— __ West End Street Ry 4s
6
1915 F-A ____ ____ 9918 Sep '11 _
1927 M-S
__
• 48
96 Apr '08 _
__
Gold 4;is
1914 M-S ____ ____ 10014 30014
Fremt Elk & /do V 1st 68_1933 A-0
1 10014 11014
128 J'iy '11
__Gold debenture 4s
1916 11-N
U312Apr '10 ____ ---- ---Unstamped 1st 68
1933 A-0 -------- 140 Am.'05.
------------Gold 4s
1017 F-A __
__ 9812Nov'11
General Motors 1st 5-yr 6s-1915 A-0 9812 9334 97128ep '11
--___ Western Teleph & Tel 5s
1032 j
-J 1001- Sale 100
4
at Nor (7 13 & Q coil tr 43 1921 J-J
10014 38 -991210014
9778 33 16 -34 0812 Wisconsin Cent 1st gen 4s_1949 J-J ___ __
9712Sale• 9712
0314Jan II ____ _
Registered 48
1921 Q -J 9712Sale 9712
97
,•
6 Ms 8738
NOTIX.—Buyer pays accrued interest In addition to the purchase price for all Boston
Bonds. • No price Friday; late3 Old and asked. I Flat price.
Philadelphia and Baltimore Stock Exchanges—Stock Record, Daily, Weekly, Yearly
'eSaturday
Feb. 10
Share Prices—Not Per Coatuns Prices
Monday
Feb. 12
Tuesday
Feb. 13
Wednesday
Feb. 14
Thursday
Feb. 15
Priday
Feb. 16,
*____ 109
10812 10812 109 109 *10312 109
109 109 *10813 109
*107 110 *10812 110
103 108
10012 10912 10912 10912 *10012 110
10
10
10
1018 1018 1058 1058 1078 1038 10:>8 1013 1038
59 60
60
6012 0034 0314 63
0378 0212 0234 6214 62 8
,3
12713 12713 12758 12758 ___—_ _—_ ____ *12758 12734
*2412 2513
___
-- --- *24
25
--- ___ ..— .--- ..—...... ___ --- ---s____ (33
6112 6212 *0112 63
__
0112 62
_
6012 01
1938 193s 1912 -- 5- 1012 1913 1958 20
1958 1958 *1012 1934
19 8
2
*4434
43
*117
3
*54
3214
71
2
4514
4314
1218
5413
3214
71
iiiii- - ii
883 89
4
78"o 787
8
938 938
25
2514
61114 0112
5334 54
18
1818
24
2418
783se 7812
718 731e
*5112 5134
8712 8712
LINCOLN'S
13111THDAY
Saki
ACTIVE STOCKS
o7 the
Week (For Bonds and Inactive
Stocks see below)
Shares
Baltimore
382 Con Gas El L & Pow..100
pret
Do
30
100
5,036 Houstoa Oil tr ctfs_ 100
Do
wet tr etfs_100
0,060
22 Northern Central
00
Seaboard Compauy_100
Do
1st pre:
100
Do
1,051
2d prel_ _100
2,343 United By & Eleetr15.. 50
-
Highest
96 Jan 3 109 Feb 9
101 Jan 2 110 Feb 7
1314 Jan 3 107 Feb 14
3
5334 Jan 25 6378 Feb 14
12712 Jan 30 12812 Jan 17
2512 Jan 2T 2512 Jan 27
6012 Feb 13 . -2 Jan.
1411814 Jan 2 21 Feb 1
Lowest
Highest
64 Jan
89 Jan
7 Itch
45 Feb
121 Jan
21 Jan
80 Jan
4314 Jan
1612 Jan
9512 Dec
101 Sep
10 Aug
79 J'iy
13034 J'ne
2838 J'ne
9978 Dec
65 Nov
1978 rly
2
Bil
Ask
PHILADELPHIA
Bid Ask
PHILADELPHIA
Bonds
Ph & Read 2d 5s 1933 A-0
Prices are all "and
Ex Imp M 4s 1947_A-0
Interest"
Terminal 15‘ g 1941-Q-F
77 78 Alt Os L V Elec 4 5is'33F-A
7812 7912 Am Gas & Elec Os '07_F-A -8612 -1163 P W & 13 col tr 4s '2/ __J-J
- - Read Tree 1st 6s '33_ _J-J
7512
Am Rys 5s 1917
A-0 95 90 Roch By & L con 5s'54 J-J
11818 Atl 0 lelec ref Is 1938.11-S
Spanish-Am Ir Os '27 __J-J
Bera&E13rew 1st 65'21 J-J
Stan'd Gas 63 B 03'25 11-N
.
2513 -E13 Betfileh steel Os 1005_Q
-F 11-E3 Hai Stand Sti Wks lst5s'28 J-J
4
_ Choc .5c Me 1st Is 1940 _J-J
U Trao Ind gen 55 '19...14
.
-213 -217 Ch Ok & G gen 5s 1919 J-J i(V - idii Un Rys Tr ctts 4s'49__J-J
4
8
Con Tree of N J 1st 6s '33 1041g ____ United Rys Inv 1st coil it
813 ___ Del Co Rys tr ctfs 46 49J-J
.
s f 5s 1926_
M-N
15 ____ Eleo & Peoples Tr tr ctfs__ "tia- "8812 Welsbach s f 59 1930_ _J-D
_ Fr Tacesil 1st 5s 1940..J-J
Wit-B G&E con 153'55_J-J
Gen Asphalt Os 1916_11-S
—__ -et
___ York Rys 1st Os 1937_J-D
._ Indianan Ily 4s 1933 __J-J
8313
-95" 100 - Interstate 4s 1043___F-A
BALTIMORE
17 18 Keystone Tel as 1935.J-J "0""
82 iii4
Inactive Stocks
57 _ . Lake Sup Corp Inc 53'24_0 _.. 71 Ala Cons Coal & Iron_100
5912 ____ Lehigh Nay 4 ;is '14__Q4
Preferred
100
20
Gen M 4 ;is g 1024_Q-F 15311 _. Atlan Coast L (Conn) _100
4
70
Leis V (list 5s g 1933
109 it:1914 Canton Co
100
Leh V ez.t 45 1st 1948..1-D
Georgia Sou & F1a
100
123 124
Congo 6s 1923
J-D
1st preferred
100
Consul 4 W.4 1923___J-D
2d preferred
100
Rio"- iof
Aneuity Os
J-D
G-B-.7 Brewing
100
4412 45
Gen cons •.s 2003_ _M-N
9814 9838 Seaboard Air Line___ _100
Leh V 'Iran cosi 41 '35 J-D —_
Preferred
100
8434 8514
1st scrim A 48 1935_M-S
1st series 11 Is 1935 M-S
Bonds
9
913 MarketStEl 1st 43'55 11-N _—_ 98
Prices are all "and
240 NatLII&P ser II 58 '19 J-J ---- 100
interest"
New Con Gas 5s 1948 _J-D
Halt City 334s 1930_ J.
-J
N V Ph & No 1st 43'39 J-J
9814 ____
48 1954-1955___Various
lncotne 4a 1939_
M-N
Os 1910
1.1-N
11 -111- l'a & N Y Can Is '39,_A-0
4
Anacostla & Potom 5s A-0
5412 05 Penn Steel 1st 5s '17_M-N
L(Ct)ctfa 5s J-D
Ptople's Tr tr ctfs 4s.1943 -921- 03 AU Coastindebt 4s____J-J
2
Ctfs of
P Co Ist&colt tr 5s'49 13-S 10314 10334
5-20-yr 49 1925
J-J
Con & coll tr Is '51 /11-N 9612 9634 B S P & C 1st 4 lis '53 F
5318
-A
Phil Elect gold tr ctfs_A-0 103 10312 Halt Trac 1st 59 '29__M-N
7512
Trust Ws 48 1949 __J-J 8258 83
No Bait Div 5s 1942 J-D
8
9 P & E gen M 5s g '20_A-U
—_- Car Pow & Lt 5s 1938 F-A
Gen
2912 3011
49 g 1920___A-0
Cent By cons 58'32__M-N
!Bid and sokod; no Was on this day. J Ex-dly.es right!.
I 118 Dad. $ 118 14 paid.
Inactive Stocks
American Milling
10
113ambria Iron
50
Central Coal & Coke 100
Preferred
100
Igonsol Trac of N J
100
Germantown Pass
50
iltintington & B T____50
, Preferred
50
ndiana Union Tr_ _100
nsurance Co of N A10
nter Sm Pow & Chem_150
terstate
Interstate Rys, pref
10
Kentucky Securities_100
• Preferred
100
Keystone Telep v t c _ 50
Preferred
50
Keystone Watch Case_100
Lit Brothers
10
1,Ittle Schuylkill
50
Minchill le Schuyi 11_50
Nat Gas Elec Lt & Po.„100
Preferred
100
North Penusylvania___50
Pennsylvania Salt
50
Pennsylvania Steel__100
Preferred
100
Phlla Co (Pitts) pref___50
Phil German & Norris. 50
50
Phila. Traction
10
Hallways General
Tonopah Belmont Dev_l
United Cos of Isi J____100
United Trac Pitts pref_50
Virginia By d; Pow___100
Preferred
100
Warwick Iron & Steel_ _10
Washington-Va Ity
10J
Preferred
100
Welsbach Co
100
West Jersey & Sea Sh__50
Westmoreland (Joal____50
Wilkes Gas & Elec_
100
York Railway
50
Preferred
50
Lowest
Range for Previous
Year (1911)
Philadelphia
*2—
2
2
*2
__
214 214
121 American Cement
50
2 Feb 0
7 Jan 10
5 Nov
1712 Jan
45 -4538 4514 4514 *45 7514 4514 4514
289 American Railways_ 50
45 Feb 2 4512 Feb 1
42 Jan
4613 Nov
4234 4234 43
43
4212 4212 4234 423
4
745 Cambria Steel
50
4212 Feb 15 4412 Feb 2
4078 Sep
*117 1214 *1178 1218 *1178 1218 1178 12
4834 Feb
8
96 Electric Co of America 10
11 8 Feb 2 1214 Jan 29
,
1112 Jan
1212 Jan
5312 547
8 5413 5412 5413 5412 5458 5434
330 Mee Storage Iiattery_100
5234 Jan 10 5512 Jan 23
481 Jan
5618 J'ais
*3113 3212 3218 3218 3134 3134 *32
33
85 Gen Asphalt tr ctfs
100
3014 Feb 1 3314 Jan 3
2812 Aug
3914 Oct
71
71 *0934 7034 69
693 *70
4
71
47
Do
pre tr etfs_100
69 Feb 15 73 Jan 3
68 Aug
8378 Jan
_
_
_ *713 8
Keystone Telephone_ 50
7 Jan 4 8114 Jan 8
618 Dec
918 Jan
.i ]i -.
2l3
i'2714 W
.
.
271 28 *27
28
44 Lake Superior Corp 100
2714 Jan 3 29 Jun 10
2112 Sep
32 Feb
8812 8813 8813 8812 8814 8812 *8818 8834
240 Leli 0 & Nay tr Ws
50
88 Feb 5 '1014 Jan it
8312 J'ne
118 Jan
783 7918 79
4
793
8 783 79 78°19 781530 1,186 Lehigh Valley
4
50
7818 Feb 5 9278 Jan 16
7534 Sep 93724 Dec
*9
913
912 913
013 912 *93
710 Lehigh Valley Transit 50
8 98
5
614 Jan
812 Jan 3
012 Feb
973 Oct
2514 2514 25
25
2518 , 2514 2514 2514 1,005 Do pref
50
23 Jan 12 2514 Feb 9
1812 Jan
2538 Oct
6114 013
8 615 6138 6138 61714 01 7-16 6113 2,738 Pennsylvanla 11R
14
50 011is Jan 27 6214 Feb 2
5938 Sep
65 Feb
54
5412 5412 55
5312 55
55 5814 17,240 Philadel Co(PIttsb).._ 50
5012 Jan 11 5614 Feb 16
5914 J'ne
4814 Sep
1818 183
1838 1812 1838 1812 x1818 1813 14,242 Philadelphia Elec!'
25
1073 Jan 2 1334 Jan 25
1513 Nov
18 J'ly
24
24
24
24 *24
1,124 Phil R T vot tr ctfs
2414 2334 24
50
2318 Jan 2 2438 Jan 25
17 Apr
2418 Aug
78187815es 7838781ste 7812781334 78 3-10 7838 15,540 Reading
30
7414 Jan 11 79'se Jan 22 6(115 4 Sep
.
8034 Feb
718 71s
7113 714 Ple 714
714 714 1,943 Tonopah MinInc
1
3
8 4 Jan 11
738 Jan 22
512 J'iy
858 Jan
5112 5112 5158 5158 5158 5158 5113 5134
405 Union Traction
50
51 Jan 3 5214 Jan 26
43 Jan
5234 Aug
8734 88
8734 38
8712 8712 8713 8778 1,031 Union Gas lmpt
50
8614 Jan 9 8834 Jan 26
8414 Sep
8938 Jan.
PHILADELPHIA
i
Range Since
January 1
BALTIMORE
Bid
Ask
C By Ext&Imp Is '32 11-S
Chas city By 1.tt 53'23 J-J
Chas By G & El Is '99 1,1-S
City & Sub 1st 53 1922 J-D 105 106
City & Sub(Was)lst 55 '48 103
Coal de C Ry 1st 53'19 A-0
Coal & I By 1st Its'20.1 -A 102
,
Col&Grnv 1st 63 1916 J-J
Consol Gas 53 1939___J-D 10914 10912
Gen 434s 1954____A-0 971 98
Cons G E & P 4;is '35 J-J 90 9014
Fair do Cl Tr 1st 5s'38 A-0 10014 10012
Ga & Ala 1st con 5s'45 J-J
Ga Car&N 1st 5s g '29_J-J Mogi icier
Georgia P 1st Os 1922 __J-J
Ga So & Fla 1st 5s '45_J4
G-B-S Brew 3-45 '151_M-S
37
Knoxv Trac 1st Os'28 A-0 10534 10814
MaconRy&Lt 1st 58'53 J-J
111d Elec By 1st Is'31_A-0
Memphis St 1st 5s '45..J-J
_
Mt Ver Cot Duck 1st 5s__ 771. "iti"
Npt N &0 P 1st Os'38M-N 0ni 90
Nor&Port Tr 1st 5s'36 J-1) 8934 90
North Cent 4346 1925_A-0 10412
Series A 59 1926..___J-J
Series B 55 1926_
ill
P:tt Un Trac Is 1997_ _J-J
Poto Val 1st Si 11.141__J-J 108
Say Fla & West 53 '34 A-0 . Scab Air L 48 1950___A-0 873
Adjust 59 1949____F-A 79
Scab & Roan 56 1926__J
-J
South Bound 1st Is. A-0 _
U El L&P 1st:4 34s'29 M-N 941. -Sir
Un By iSs 51.1st 46 '49 11-8 8514 8518
Income 4s 1949___J-D 64 4 65
3
Funding 55 1936___J-D
Va Mid 3d ser 6s '16.,,,-S -4th scr 3-4-58 1921_M-S
5th series 5s 1926_11
Va (State) 3s new '32..J-J -Fund debt 2-3s 1991 J-J
West N C con 6s 1914.J4
W11 ed Weld 54 1935___J4 110 - Ill
-se-
4g0
THE CHRONICLE
VoL. Lxxxxiv
-
Volume of Business at Stock Exchanges
Bid Ask
Electric Companies
Gr't West Pow 5s 1946....14 84
85
e Kings Co El L Si P Co 100 126 128
Narragan (Prov) El Co....50 * 91 .......
TRANSACTIONS AT THE NEW YORK STOCK EXCHANGE
N Y Si Q El L Si Pow Co_100 51
62
DAILY, WEEKLY AND YEARLY.
Preferred
100 /3
77
United Electric of N J...100 85
90
1st g 4( 104:4
Stocks.
J-D 79
Railroad,
7914
Week ending
Western Power coin_ _100 3112 3212
&c.,
State
U. S.
Feb. 16 1912.
Preferred ..
Shares.
Par value.
100 57
Bonds.
Bonds.
59
Bonds.
Telearaph and Telephone
Saturday
e Amer Teieg 4 Cable._100 76
247,394 822,196,900 81,530,500
80
823,000
Monday
e Central Si So Amer_ _100 120 122
HOLI DAY.
Tuesday
405,379 36,552,000
2,581,000
09
15
06,000
$1,000 Conatn'i Un Tel (N Y)___25 165 175
Wednesday
2,691,000
303,012 27,503,700
101,500
2,500 Empire Si Bay State Tel_100
Thursday
288,393 26,154,500
Franklin
2,203,000
50
100,000
100 90
Friday
1,912,000
301,565 27,212,230
a Gold Si Stock Teleg_100 112 120
147,000
15
e Northwostern Teleg____50 165 178
10
Total
1,545,745 $139,679,350 $10,920,500
25
8443,500
$3,500 Pacific Sc Atlantic
e Pac Teter, Si Teieg pret 100 99
9912
Southern Si Atlantic .......25 90 100
Sales at
Week ending Feb. 10.
Jan. 1 to Feb. 18.
South Bell Teiep Si TelegNew York stock
1st g Ss '41 op
9934 100
Exchange.
1912.
1911.
1912.
1911.
Aosi
Industrial and Mlscel
e Dlatnoud ,,latell 1 U__ _100 1(1939 11012
duPont(E I) de Nem Po 100 160 165
e Preferred
100 003 95
9
e (1011 4 Iii 1930......1-1) 8518 8514
10
Empire Steel
100(1
11000
15
30
Preferred
43
e General Chemical
133 140
e Preferred
100 110 112
Gold Hill Copper
1 *310 'se
Greene-Cananea
''0 "77
8
Guggenheim Explor'n_100 175 185
e Hackensack Water Co
Ref g 48 '62 op 1912 __J-.J80
d Co corn
i
13
Havana Tobacco Co_ ___10 0 3
100
8
1 ta iirefig re
l' S erna
12
ueok r4ones4ewe0
lsteg ,5s J u ne l 1021_ 10 ) / 4 67
)
,
01 (
1-12
1st 65 1922
102 104
Herring-Hall-Mar new
10
20 .
Hoboken Land Si Imp n S
1st 5s Nov 1930....-M-N 103 105
Hocking Val Products 100 1112 13
let g 5s 1961
Ferry Companies
.4...1 60
Stocks-No. shares_
64
1,960,406
15,753,122
1,545,745
17,339,357
Houston Oil cona ctfs
98
92
100 104 1013
Par value
$139,679,350 8176,117,600 $1,298,913,100 $1,523,193,825 B Si N Y 1st (34 1011_ _J-J
NY Si 1618. Ferry stk___100 10
New prof clfs __ ___100
20
Bank shares, par
$11,800
56,400
$51,600
$238,200
1st 53 1922
456Ill tersoll-Itoud com___100 95
Bonds.
N Y Si Hob 5s May '46_J-D 99 i5de Preferred
0
0 18
$10,000
Government bonds
_12 • 9752
$193,500
$3,500
$42,000
Hob Fy 1st 5s 194(L 51-N 104 - -Inspiration Consol Cop
2,845,1100
State bonds
443,600
4,161,500
-- 4
144
29,101,500
97 .
J-J
Intercontinental Rubber 100 1519 1534
10,920,500 10,675,500
RR.and misc. bonds
142,944,500
108,801,000 N'Y &NJ 5.5 1946
SilOts 238 Sts Ferry..
.100 25 -35
-- Internat'l Banking Co-100 88
-92
1st mtge 3s 1919____J-D 57
International Nickel_ _ 100 260 264
65
$11,367,500 $11,530,500
Total bonds.._
$197,291,500
$137,999,500 ,Union Ferry stock
2012 23
100 9612 0812
Prt ferre(1032
ls eg 5s 1
112
100 102 103
a 1st 55 1920
11-N
DAILY TRANSACTIONS AT THE BOSTON AND PHILADELPHIA
A-0 1)912 10013
EXCHANGES.
International Salt
4
Short-Term Notes
1st g 55 1961
4813.
Arno! Cop 65 1913 -A-0 10078 101
Enternatioruti Silver......14) i 86 100
A00 45
Boston.
Philadelphia.
Bait Si Ohio 4)0 1913_J-D 10012 10034
..Preferred
100 115
Week ending
Bethieh Steel 6s 1914__M-N 10114 10112
1st 6s 1948
_J-D 11(2 112
Bond
Listed Unlisted
Feb. 18 1112,
Listed
Unlisted
Bond
Clies Si Ohio 412i 1914,J-1) 9958 99/2 Internat Smelt Si Refg 100 110 128
shares, shares,
sales.
shares.
shares.
sales.
Chic Si Alton 53 1913__M-B 9912 9978 Jones 4 Laughlin Steel Co
5
Chic Elev 1175 5 IOU...
ist 5 f g is 1939
8
8
M-N 101 1011:
" 0 8 087
,
11,038
6,559
Saturday
$31,000
11,855
8,951
$51,100 Cin Ham Si B 4s51913__J-1 0912 9972 Kayser (Juilus)
& Co _100 6312 0413
Monday
HOLI DAY.
Erie 6s Apr 8 1914.. __A-0 10158 10172
1st preferred
104
13,771
7,690
75,000
Tuesday
20,130
16,304
154,000
001 55 1914
A-0 10014 10012 s Lackawanna Steel__ 10( 17
g
Wednesday....10,094
2:) N12 29
10,023
132,000
14,357
8,600
82,400 eiGeneral Motors 63'15 A&O 99
003
2
a let con 5s 1950
M 13
5 80 .
24,311
14,580
Thursday
49,000
10,172
3,545
120,400 iludson Companies
e Deb 51 1913
9238
30,111
11,307
Friday
53,000
20,024
4,131
151,700
4
Lanston Monotype..__ 41 (
Os Feb 1 1913
F-A 903 100
8 VL14 9113
)
Lawyers' Mtge
6s Oct 15 1913- A&015 9934 100
2805 38013
27
98,325
50,129
Total
340,000
76,538
38,031 5.559,600 Int & (It No fes 1914- lr-A 9838 9858 Lou Sc Wilkes-I3
Co19
coal___590
300
Internist Harvester 58_1915 10078 10118 Madison Sq Garden_ ___100 50
Manhattan Transit
K
Ry as Lt 13s 1912__M-S 9(514 97
Da
e May 1)ept Stores-See 8th E; list
AdInn Si St L g Se 1913__F-A 9514 96
0
13
c4i
Ado Kan Si Tex 551913 51-N 100 10014 eNliami Copper-Se. Stock Excli list
All bond prices are now "and interest" exceg where marked "f."
MoPaolflo Ss 1914 _
9612 9712 Mononga hela ft Coal
60 *10
Nat Rye of Me:4.4113J-D 9918 993
2
Preferred
5 131
0
Bid Ask
Street Railways
Bid Ask sNYC Lines Eri 53 '12-22 14.45 4.20 Mortgage Bond Co.......10 *08 iii"
Street Rail ways
4)4s Jan 1913.192&..J-.j 54.40 4.16 Nat Bank ot Cuba
20
0
10 102 106
Pub Sery Corp N J (Con)
N Y Cent 4)4s 1914
a National Surety
100 255 268
M-8 10034 101
New York City
Rapid 'Iran St HI__ _100 235 240
St L Si SW Ss 1913.___M-S 100 10014 e New Central Coal
Bleeok St & FM Fy stk..100 22
26
1st os 1021
A-0 102
993 99, s New York Dock
2
5s June 1 1913 Opt
8
410
0
100 22
-D
2212
J-J
1st mtge 45 1950
60
70
J C Hob Si PatersonSouth Ry
e Preferred.
F-A 10052 101
55
S'y Si 7th Ave stk
100 160 109
4s g 1949
M-N 77
7715 Tidewater g 5s 1913
6s, 1913,gu__J-D 10138 10134 N Y Mtge Si Security-AL
°
218
J-J
2d rutge 5s 1914
9934 1001,
So J Gas El Sr Trao_ 100 125 130
Wabash 4)4s
N )( Transportation
97
20 *3
Con 01 I 9 1 -See Stock Etc list
Go g 5s 1953
al-S 9812 9912 Westingh'se 1913. .111-N 95
El Si 26 Os 1913 10112 1013.1 Niles-Bem-Pond com___100 thl
95
B'way Surface 1st 5s gu 1929 10112 103
No Bud Co By 6s 1919 J-J 101 103
05% notes Oct 1917-A-0 0612 9/12 NI/Awing Mines
5 *714 711
Cent'l Crosstown stock.. 100 . _ _
.
.- s 1928
,
J-J 102 _Ohio Copper Co
10 *1
1st nage 65 192*
M-N / - - 91
,
85
1./8 __ _ Chia PeorRailroad
Ext Os 1924
M-N
e Ontario Silver
Si
1
100
134
7
Oen Pk N Si E Itly stock_100
20
Pat Lty con 6s 1931-J-D 114
. Prtor lien St LOt,Eerve,or....... ......10 173
l fle rati. .
isre
g 930 '30_51-S 83
04
100 0112 75
Uhristoph'i Si 10th St stk 100 120 130
102
2,1 Os opt 1914
A-0 100 -Con tato g 53 1930....J-J / 40
50
102
(101 & 91.1 Ave 5s-See Stook E.1gc list
itepublio ay & Light...100 3012 32
Income 5s, July 1930. _
1
Pittsburgh Brewing
50 41 512 91$
Dry Dock E 13 & B80
Preferred
100 79
Chicago Subway
Preferred
60 5.3738 38
i00
1st gold 5s 1932
J-D 100 1021 So Side El (elites-See Oh halo list
Northern Securities Stubs_ 100 105
a Pittsburgh Steel Prof-10U s10068 108
Scrip 58 11114
P-A / 40
50
Syraouse It T 5s 1946 _.M-S 102 104
eOre' on-Wash ItIt&N'av See st,k E x List Po pref fre3o coin
,
i e tlrg C
,
100 42
45.
Eighth Avenue stock-100 300 350
Trent P Si II Os 1043-J-D 97 100
Pittslless L E
'
*31
33
50
100 79
80
Scrip 6s 1911
F-A / 99 1001, United Rys of St LPreferred
Pratt Si Whitney pref-100 98 10213
70
50 *63
428 Si Or St F'y stock_ 100 230 58514
Corn vol tr otts
1114 12
100
e Railroad Securities Co
Producers 011
100 90 100
42d St 11 Si St N Ave.,._100
..
__ -..
9212
e Preferred
100 42
II1C stk tr ctfs ser A_ _52 . --- cltay Consol Copper-See S tk Ex HSI
2d income 6s 1915___J-J i -65
Oen 4s 1934-See Stock Etc) list
Seaboard Company-See 13a It Etcllst
itealty Assoc ([Itlyn). _100 115 117
.
Inter-Met-Se• Stock Etch Inge -- Unit Rya San Fran-See Stk Etc list
list
West Pao 1st Os 1933__M-8 87
8012 Royal Bak Pow('coin.. 100 190 198
Lax Av & Pay F Ss-See St's Exo Ost
Wash Ry Si El Co
71
100 70
Industrial
Preferred
100 110 112
lietropol St Ry-Sea Stk Etc list
Preferred
100 927 9318 Adams Exp and Aliscel
2
g 4s 1947 1-1) / 8534 8014 ittunely (M.) Co, prof 10099 4 100
3
Ninth Avenue stook____100 150 1/5
93 1951
8012 Ahmeek
J-D 88
Mlning25 240 250
Safety Car heat Si Lt
1110 121 122
100
8
Second Avenue stook
12
Alliance Realty
eScars, Roebuck Si Co 100 199 151
113 125
1.00
Consol 58 1918
48
F-A / 45
Gas Securities
Amer Bank Note corn- 50 *43
ePreferrod
44
1237$
s Sixth Avenue stock,. 100113 125
New Fork
Preferred
50 .5112 6212 Seneca Mining-.
2.5 23
100 4,125 60
76 Cent Un Gas 5s 1927
Sou Donley 58 1945____J-J 115
J-J 10212 10312 American Book
uter l g Co
, 80
0
100 173 19412 lin g 0 Iri n & s com_ 100 291 294
0
1
So Far 1st 53 1919
93 Con Gas (N Y)
A-0 85
--See Stock Etc list
eA el Brake 113/Fdy com100
2
c Mutual (las
Third Avenue 1111-See Stk Etc list
100 172 180
ePreforred
Preferred
100 13312 13612
4
80
Tarry W P & M 55 1928_ / 60
N'ew Amsterdam GasAmerican
Standard Cordage
100 125 130
95
rkers St RR 5.1 1946 A-0 83
1st consol 5s 1948_ _J-J 10212 10312 Americnn Brass
Ist 11 g Os '31 red. _ _ A00 / - -2 - 14
Chicle corn...100 230 235
11-010) 10
28th & 29th Sts 5s '9U-A-0 / 20
25
N Y & E a Gas 1st 5s '44 J-J 10412 10512
105 108
Preferred
Adjust AI 53 Apr 1 1931-- / 1
100
3
Twenty-third St stock. 100 230 150
Consol 54 1945
J-J 10212 10313 Am Uraphophone
Sta neae d doupler corn..101) 34
yrdr erreC
corn. 100
3711
Union ay 1st 55 1942
F-A 10312 _. N Y Si Riohmond Gas_100 3712
Preferred
9
100 40 -5-5-110
Westehester 1st bs '43 J-J
80
70
Nor Un 1st Es 1927.......11-N 100 102
Amer Hardware
135 133
o Standard Milling Co
100
12 11g12 18
Broolayn.
e Standard Clas coin.--100 GU .... Am Malting 13.1 1914___J-D
100 102
.% Preferred
100 53
59
Allan Avenue RRis Teetered('
100 95
Amer Prase Assoo'n
35
100 82
c 1st Os 1930_.....M-N
88 •
Con 5$ g 1931
1st 5s 1930
A-0 101 102
- - eAmerSnuff corn(ex-sub)IOU 134 137
M-N 10112 106
Standard 011 of NJ(old) 100 go. 783
'
B B as W E 58 1933____A-0 98 102
e Preferred
100 10712 110
Standar.1 Oil ex-subskilar's. 358 363
Brooklyn City Stook
10 163 166
Other Cities,
•Preferred (new) ____100 100
Stand it'd Oil Subsidiaries-400
Con 5s-See Stock Each cage list
Am Gas & Elea cons
78 ' Am St Found new-See S tk Ex ..-- Studebai.er Corp com 100 51 425
50 *77
list
52
Bklyn Llgts 1st 5s 1941 A-0 98 102
Preferred
47 I
80 "46
81 1935
100 10012 10111
Preferred
A-(4 9912 10034
Bklyn Queens Co & SubAmer Light Si Tract___100 300 305 I
Deb 48 1923
Sulaberger & Sous Do pi _100 98 100
05
P-A 62
i 1st g as '41 op 1916 _J-J
1)8 101
Preferred _
.
100 106 108 I American Surety
0
Swift Si Co-See Boston Stk Eta Isl
50 280 270
s let eon 58 '41 op '16 31-N
9612 971 Amer Power Si L- com_100 74
75
American Thread pref....5 *412 614
1st 33. See Chtcaz;o Stk Ex() llst
!skint Rap 'rran-See Stoci( Exe list
Preferred
87
100 ib
Amer Tobacco coin See S tk Ex list
erexas Company
94
9534
100 59
57
Bay State Gas
Oonay Isi & Bklyn
60 *la
12 Amer Typerders Qom_ _100 45
e Texas Si Pacific Coal 100 98 100
98
bit cons g 45 1948____J-J 75
82 'Singh'ton (N Y) Gas Wks
Preferred
e Colas Paoldo Land Tr_100 89
100 99 101
93
Con g 45 1955
J-J
75
80
1st g Se 1938
A-0 97 100
Deb g 65 1939
ritle Ins Co of N V- -100 121 124
51-N 9912 102
lick 0 Si N 58 1939.....J-J 98 100
Brooklyn On Gas-See Stk Exo list
Amer Writing Paper.
214 Tonopah Min (Nevada).... 0 *7
..100 32
w 1 50
.
sings Co El es
-See Stook Exo list
714
Buffalo City Gas stock ,100
4
2
Trenton l'otteries corn 1004
sPreterrad-Ses Stock Ex ch'ge list
3
Nassau Elea prat
100
1st fie 1947-Bas Stook Exo list
fefcrr elcg„ y ap0r
ronp iB,. ltnew
re & p
( r
61st s f g de '11)red 1053-.)
55
58 1944
A-0 101 103 Cities Service Co
92
100 90
e ro
Tu
,
l
All GB Si W I SS Liners...100 8812 "3 ''
100 2
00
5
6
40
1st 45 1951-See Stook Etc list
Preferred100 .- 85
Preferred
100
X W'b'g & Flat 1st ex 43
00
94 Con Gas of N J4s 5s 1936 ..1-3 Ii 99
0712 0812
col tr g
ePt of:e:
is r r t
o::
1959
52
Steinway 1st 68 1922_ _J-J 102 104
Consumers' L II & PoyrBarney Si Smith Car
0
15
100 18814 28012 Union Typewriter corn-101 39
41
1
35
Oiese Miss
fe 1938. _ .,
J-D 100 -Preferred
2212 90
100 180 127
ioo
10513
Buffalo Street ItyDenver Gas Si- -filsio
. Bliss Company eons__ 50 75
100 220 ..r
28 preferreed
85
rd
IOU 19974
9813
1st oonsol 53 1931___P-A 10434 106
(len g 53 1944) op---M-N 98
9012
United Cigar Mfrs
Preferred
50
100 52
Deb es 1917
A-0 104 105
5 4
43
Elisabeth Gas Lt Co_ .100 300 -- Bond Si Mtge Guar
a Preferred
100 270
100 105 107
Columbus(0) St Ity
--- 80
Bssex Si Hudson Gas.. 100 138 140
Borden's Cond
i1t recrdef Co a
r Copper 0
128 132 - U n,eei errrper y 0 ds
rep
:
100
114
1
Preferred
GM Si El Bergen Co_..100
100100 93 100
90
85
Preferred
100
100
5
15
Oolum By con 58 1932 J-J 102 101
a Or Rap 1st lis 1915
P-A 100 101
British Col Copper
97
Crosst'n lit be 1933_J-D 101 102
Hudson Co Gas
100 133 138
Butte Coalition Mining 15
1057$
8 Conn Ry Si Ltg com-100 78
slat 15s 1949
77
245
1, 2
8
413
-N 1046 105
3I
Casein Co of Am corn _100 412 4 121314 du'UfiniCasualty
1100 21512
(11()) 1868
s Preferred
100 8012 82 India= Lighting Co .100 41
-.
Preferred
5d
100 52
U p Enrrelope corn
Srete ye d
100 72
let Si ref 434s
41 1958 op
-Sea Stook Etc ilst
72
F
-A 70
Casualty Co of Amer_ _100 125 140
100 118
Federal Light Si Ili:a-100 41
421 Indianapolis (las
28
50 30
Celluloid Co
USre e lrliing
100 139 142
liltirsed
95
Preferred
10 3, 7912 81
1st 3 55 1952
.., _A-0 73
80
1
Cent Fireworks 00111. 100
3
Preferred
101 103 108
8
9
Grand Rapids Ry pret_100 82 85 Jackson Gas Si g 1937..A-0 97 100
13
Preferred
100 10
J-J 100 108
j...) 9
1st g 5s 11 19
5
0 Loulay St 58 1930
J-J 105 3051 C Laclede Gae-Sao StookE xoh list
Chesebrough Mfg Co.. 100 700 725
Con g 5.s 1929
100
Lynn Si Boa let Si 1924 J-1) 10112 106
s Preferred
100 9013 9712 City Investing Co
100 54
50
a U d Indust Alcohol -.100 96
00 23
30
I New Oct Rye Si Lgt
Madison Gas es 1928.__A-0 104 100
100 33
100 00 101
Preferred
e Protorrod
991$
• Preferred
821Newark Gas 6s 1944.__Q-.) 123 128
100 80 _s Ciailln (H B) corn-----100 90 102
U S Steel Corporation
Gen M g 4.4s 1935-Ses 8 tk Ex list Newark Con.sol Gas_
100 1/6 ... ....
s let preferred
100 90
93
1
2
tr s I 84 . 5 optopt.. 112 11313
5
r e f 631911no t '1
N Y Wench Si Bost RI6 Con g 53 1948
J-D
•2d preferred
100
94
11311
bit g or 1940. - __.7-.1 9938 991 No Hudson L /1 Si Pow-. 106 106 Consol Car Heating 100 90 63 U (501t001 (.1u Si Indem_. 100
59
S Tit
100
.Pub Serr, Corp of- N J-8.14 Stk E s. Hs
51 1938
A-0 100
-- Coasol Rubber Tire.
.._100 373 39
Westchester Si Bronx Title
1) 4 0
Tr ot1s 2% to 6% perpet 106 107
Pada° 033 Si E, com
100 5912 8014 Preferred '
100
180 168
60
North Jersey St Ry-.100 80
Preferred
100
93
Debenture 4s 1951 A-0 / 5412 80
e n
Wettiagge "Brake-- 50 *167 153
Ml h'sG Air
lat 4s 1948
M-N
781
7712 _- Pat is Pas Gas & Elea_ 100 t5
98
s Crucible Steel
100 11
1118 Wool worth (F
7911
Oons Tract of N .1
-100 78 __
s Con g 581949....., M-8 10
10311
_ 100 80 3 8178 worttaagva (iv I)
• Preferred...
Preferred
7
4
0
109 10911
lit 53 1933
J-D 104 105 St Joseph Gas 5s 1937-J-J 90
-94
-Daly Ctprier.........
Davis
pC°
pre17.100 105 8 103
°
Maielt Pita isv a.(an 1_1 Init. 1f1121
785
Inactive and Unlisted Securities
*10:
Oft slum 5 Bea*
skein on *wait IiIxotutaket laqt
not very gattyih_jF14 price.
is_Nontkaat
s Oslo
481
THE CHRONICLE
FEB. 17 1912.]
If
Xnuestment and Aattract 4,1xtettigence.
RAILROAD GROSS EARNINGS.
NI
from which regular weekly or monthly returns
The following table shows the gross earnings of every STEA railroad for the latest week or month, and the last two
first two columns of figures give the gross earnings
can be obtained. The
and inefuding such latest week or month. We add a supplementary
columns the earnings for the period from July 1 to
with July, but covers some other
fiscal year totals of those roads whose fiscal year does not begin
statement to show the
page.
of the electric railways are brought together separately on a subsequent
period. The returns
Latest Gross Earnings.
ROADS.
Week or
Month.
Current
Year.
Previous
Year
Latest Gross Earnings.
July 1 to Latest Dale.
Current
Year.
Previous
Year.
ROADS.
1Veek or
Month
Current
Year,
Previous
Year.
July 1
to Latest Dale.
Current
Year,
Previous
Year.
Ala N 0 & Tex Pao
de Hint__ December.. 5,418,045 5,032,911 32,"63,002 32,365,222
320,322 314,823 2,216,365 2,160,376 N Y N
4,977,401
N 0 & Nor East_ January _
N Y Oat & West... Decem or.. 69 ,,422 734,169 4,777,33
154,059 1,022,415 1,108,836
1,890,292
Ala do Vicksburg- January __ 149,061 135,585
049,320 N Y Susq & West__ Decem .er.. 339,788 3.17,2 .4 2,002,949 1,432,352
890,085
128,154
253,978 1,594,.84
Vicks Shrev & Pac January __
Nortek Southern__ .ecernber.. 27 ,25
57,740
31,077
11,850
10,675
2,935,533 19,985,571 18,494,622
Tenn & North.. December..
Ala
39,192 1,431,477 1,300,524 Norfolk & Western_ December.. 3,257,244 5,013,847 34,479,769 36,478,151
51,435
Ann Arbor------- 1st wk Feb
54,936,783 55,676,325 North .rn Pacific__ December., 1,023,317
Atoll Topeka & S Fe December 9,198,975 9,602,112 2,018,292 1,720,369 Pacific Coast Co.... December,. 586,969 605,663 4,074,787 4,370,717
,
59,518
68,828
Atlanta 131rm & Atl 1st wk Feb
RR__ December., 13746379 13123249 82,161,731 81,008,425
Line December _ 3,256,760 3,114,245 15,796,586 14,022,984 .-ennsylvanta Atlan December.,
104,745
168,237
Atlantic Coast
15,010
16,873
halt Claes &
18,096,377
g Baltimore & Ohio. December.. 7,188,254 6;841,826 16,922,384
Cumberland Vail.. December.. :'41,264 251,747 1,300,048 1,633,515
797.979
813,...99
B HOCs'l'crltU December.. 110,301 115,436
December.. 737,548 673,831 5,834,355 5,465,112
Long Island
December., 246,052 256,068 1,363,485 1,498,504
81.660
85,237
Bangor & Aroostook
8,661
3,000
Maryi'd Del So Va December..
23.529.782
Boston & Maine.._ December 3,783,841 3,528,563 24,039,530
N Y Plsila & Norf December., 231,980 285,033 1,728,009 1,774,039
28,185
32,221
3,336
3.517
Bridgeton & Saco It December
Northern Central. Dece .bar., 1,024,812 1,126,906 6,538,064 6,660,4358
wk Feb 185,087 180,130 5,866,190 5,809,494
Pittsb_ 1st
13ulf Roch
Phila. Balt& Wash December.. 4,581,1.1 1,552,675 9,794,905 9,959,138
1,194,988
13u1falo & Susq-- December., 211,661 199,185 1,264,788 9,028,600
W Jersey & Seash December.. 460,518 :355,170 3,6 )0,280 3,557.176
Canadian Northern.. 1st wk Feb 262,000 159,400 11,824,800 02,597,651
Pennsylvania Co...... December.. 3,045,120 3,776,571 27,471,180 28,403,032
71,935,366
Canadian PacifiC___ 1st wk Fe. 2,168,000 1,160,000
Grand Rap & Ind December.. 407,024 405,113 2,686,505 2,725,971
8,142,383
Central of Georgia__ 1st wk Feb 300,500 273,100 8,660,973 15,050,516
Pitts Gin Oh &St L December.. 3,288,972 3,340,080 _:0,498,320 20,872,703
Central of New Jer_ December.. 3,001,111 2,957,045 15,612,703 2,044,572
December.. 843,960 930,442 5,200.331 5,652,445
Vandalia
2,145,251
322,608 312,744
Central Vermont___ December
s
Total line-20,389,741
Ches do Ohio Lines_ 1st wk Feb 576,067 596,461 20,301,181 9,188,001
East Pitts & E_ December.. 19005102 18314043 119069915 118925144
do Alton__ _ 1st wIt Feb 242,740 248,189 9,199,471
Chicago
West Pitts & E December.. 8,892,073 8,827,644 53,392,807 59,968,866
Chic Burl & Quincy December., 8,942,257 7,451,014 15,970,700 48,261,260
11 East& West December., 27897170 .7141688 177462524 178894012
p Chic Great West_ 1st wk Feb 180,066 242,105 .7,792,113 7,785,629 Pere Marquette ___ _ December.. 1,520.680 1,403.323 9,093,727 8.516.185
58:090
Louisv_ 1st wit Feb 108,131 106,373 3,031,638 3,777 705 Raleigh do Southport November..
Chi° Ind &
73,422
65,566
13.418
14,718
142,541
17,325
23,058
Chic. Memph & Gulf December
Reading CompanyChic Milw & St Paul December.. 5,298,589 5,407,238 33,344,555 35,522,390
Phila & Reading.. December 4,050,369 4,012.167 23,282,688 23,053,296
1,226,120 8,423,868 7,513,501
r.1 her.. 1,370,707
Ch Mli & Pug Sd.. D
December 3,660,219 4,213.084 17,830,393 16,766,172
Coal & Iron Co
eChlo & North West December., 3,305,925 6,353,779 10,643,927 41,746,982
December 7,710,588 8,225,251 41,113,083 39,819,468
Total both cos
eChle St Paul t & U 1)ecember.. 1,312,574 1,390,788 8,133,057 8,953,431 Rich Fred do Potom December.. 210,213 187.424 1,169,402 1,092,979
958,206 1,162,615
171,834
382,926
December.. 161,868
376,618
Chia I` 11 & s E_
95,567
09,496
October __
Rio Grande Junc
780,678 758,752 5,335,918 5,004,880
368,875
309,345
7,668
Cin Ham & Dayton December
7,799
1st wit Feb
South
133,974 162,932 1,061,596 1,116,567 Rio Grande L nes
Colorado Midland.. _ December
December.. 5,552,312 6,042,331 34,135,781 36,517,883
10,718,845 Roo Island
b Colorado & South 1st wk Feb 245,871 258,950 9,074,568
December.. 264,966 264,272 1,842,884 1,863.490
Rutland
80,251
96,183
12,856
10,70
919,553
Dee.: ber.
843,166
141,527
Cornwall
189,235 St Jos do Grand Isl. December.. 114.063 3,914,985 22,197.221 22,770,519
160,687
28,306
22,284
Cornwall do Lebanon December..
Louis & San Fran December.. 3,689,504
December.. 293,685 237,118 1,582,665 1,261,936 Stf Chic Se East Ill_ December. 1,354.079 1,414,046 8,155,206 8,029,019
Cuba Railroad
Delaware & Hudson December.. 1,755,620 1,695,840 11,133,907 10,762,066
December.. 5,043,533 5,329,032 30,352,427 30,799,539
all lines_
oecomber.. 3,0 7,925 3,033,375 19,174,3 6 18,534,818 StTotal
913,774 1,119.393
Del Lack & West
December.. 183,208 220,357
L Rook Mt & P
Deny & Rio Grande 1st wk Feb 383,200 351,500 14,666,858 14,981,318 St Louis Southwest.. 1st wk Feb 232,000 245,000 7.522,268 7,757,700
2,934,172 '
4,382,428 4,113,650
Western Padilla_ _ December.. 402,155
610,517 San Pad LA & S L_ December., 694,351 763,276 13,404,470 12,644,261
650,658
19,009
24,085
Denver N W & Pao.. 3d wk Deo
Feb 490,350 502,848
25,209 1,001,598 1,211,173 Seaboard Air Line__ 1st wk
34,418
69,06..,363 71,14:7,723
Detroit Tol & Iront_ 1st wit Feb
,
706,461 .,outhern Pacific Co Decemoer.. 11296477 11566404 38,364,570 37,249,985
724,081
18,501
22,039
Dei.rolt & Mackinac 1st wk Feb
1,228,399
Feb
4,423,402 5,072,579 Southern Railway__ 1st wit Feb 1,231,054 214,828 6,975,043 6,723,481
92,436 136,509
Dui 43: Iron Range_ December..
214,844
Mobile do Ohio__ 1st wk
45,080 1,927,834 2,015,148
56,130
Dui Sou Shore & Ati 1st wk Feb
Cin N 0 & Tex P.. 1st wk Feb 189,048 187,501 1,811,469 5,783,951
:3,652,957
89,529 2,881,026 2,801,793
El Pas,: & S m Was. December., 668,112 043,304 3,585,223 20,593,397
82,290
Ala Great South.. 1st wk Feb
December.. 1,525,063 1,346,742 30,019,593
I tie
52,344 1,478,934 1,480,884
49,167
Georgia Sou& Fla 1st wk Feb
12,135
12,840
1,851
2,420
December..
65,503
57,002
1,724
Falrelilld & N
1,805
496,798 Tenn Ala .3o Georgia 1st wk Feb
497,396
68,342
71,703
10,556,512
Fonda Johns do Cloy December
1,776,122 1,613,728 Texas do Pacific__ 1st wk Feb 293,715 289,608 10,889,907
293,381
50,755
42,433
7,559
Georgia Slat road.... December.. 307,853 740,275 30,070,846 27,197,915 Tidewater do West.. December.,
8.559
1st wit Feb 781,213
807,412
Grand Trunk Syst
789,739
19,728
20,233
Toledo Poor & West 1st wk Feb
Grand Trk West_ 4th wit Jan 188,012 189,593 3,948,805 3,607,632 Toledo St L & West 1st wk Feb
61,491 2,434,805 2,334 352
69,150
54,738 1,303,015 1,232,444
57,293
Dot Or Hav & Mll 4th wk Jan
43,484
50,487
8,246
8,935
Valley__ December..
56,817 1,255,909 1,126,375 Tombigbee
60,048
Canada Atlantic.. ith wk Jan
Union Paoiflo Syst_ December.. 7,175,161 7,347,352 47,044,543 49,825,417
Great Northern Syst January __ 3,797,532 3,285,815 40,415,608 38,109,412
677,376
865,260
Virginia & So West.. Decembe:.. 130,495 124,104
095,897 1,012,576
168,258 180,173
Gulf & Ship Island_ December
December.. 371,781 303,267 2,356,409 1.774.634
December., 547,718 583,563 3,886,203 4,204,011 Virginian
Hooking Valley
1st wk Jan 495,927 450,544 15,695,065 16,367,180
_ January __ 1,185,988 5,487,348 34,680,327 37,716,034 Wabash
Illinois Central
570,629 567,452 3,095,308 3,222,674
6,680,893 5,909,524 Western Maryland.. November_
Internat & Gt Nor.. 1st wk Feb 168,000 152,000
Wheel & Lake Erie.. December.. 538,234 520,032 3,996,774 3,685,300
a Interoceanio Mex_ 1st wit Feb 156,074 167,957 5,099,525 1,251,947
191,682
33,702
130,303
34,051
Wrl;May do Tel:mile December..
261,078 1,480,035 1,443,036
November._ 267,632
Kanawha & Mich
January __ 784,809 1,050,163 6,050,826 6,681,340
803,579 917,209 4,888,875 5,382,003 Yazoo & Miss Valley
Kansas City South.. December
33,733
31.094
do Orient... 3d wk Jan
K C Max
Previous
Curren/
December 3,116,124 3,033,602 19,829,997 18,114,036
Lehigh Valley
Year.
Year.
Period.
Various Fiscal Years.
254,965
279,782
43,734
40,948
December,.
Lexington & East
723,035
681,119
116,889 122,526
Louisiana & Arkan_ December..
642.653
651.507
101,576 107.016
Loulsv Hand & St L December
Jan 1 to Dec 31 21,357,924 20,329,679
Delaware & HucLson
Loulsv do Nasliv_ 1st wit Feb 1,079,810 1,060,765 33,842,159 33,514,074 N Y Central Jo Hudson River_e_ fan 1 to Deo 31 103954863 99,908,478
82,029
85,049
15,223
14,325
Macon & Birm'llam December
Lake Shore do Michigan South Jan 1 to Dec 31 48,360,997 49,420,211
December.. 789,542 743,028 5,599,603 5,178,625
Maine Central
Jan 1 to Dec 31 5,420,821 5,513,326
Lake Erie de Western_n
232,034
235,283
32,202
33,734
Maryland & Penna. December
Chicago Indiana & Southern_ Jan 1 to Dec 31 3,822,612 3,739,668
169,100 172,300 4,504,600 4,693,800
a Mexican Railway_ 3d wk Jan
Jan 1 to Dec 31 30,164,490 29,694,815
Michigan Central
459.121
452,208
13,842
15,453
1st wk Feb
Mineral Range
Cleve Cin Chicago & St Louis Jan 1 to Deo 31 30,431,915 30,423.005
Minn & St Louis_ 4th wk Jan 171,394 206,985 4,721,977 5,280,041
Jan 1 to Dec 31 3,218,283 3,536,068
Peoria & Eastern
Iowa Central......
Jan 1 'o Deo 31 1,248,678 1,294,279
Cincinnati Northern
1st wk Feb 415,820 341,162 15,996,598 13,709,947
Minn St P is 8 S
Jan 1 to Dec 31 15,398,561 17,052.697
Pittsburgh & Lake Erie
Chicago Division
Now York Chicago & St Louis Jan 1 to Deo 31 11,258,008 11,238,877
459,356
447,534
72,841
68,353
Mississippi Central_ December..
Jan 1 to Dec 31 4,938,646 5,089,986
Toledo & Ohio Central
u Mo Kan & Texas_ 1st wk Feb 494,509 512,139 18,358,606 18,788,113
Jan 1 to Dec 31 258127873 256911408
Total all jlnes
_ 1st wit Feb 1,056,000 1,077,000 33,822,464 33,066,647
Missouri Pacific_
Jan 1 to Dec 31 157487413 160457299
.throcut
6,083,110 5,988,110 Peunsylvania
Nashv Chatt & St L December.. 009,193 1,064,613
269,321
273,545
Baltimore Chesap & Atlantic.. Jan 1 to Dec 31
a Nat ltys of Mex_t_ 1st wit Feb 1,175,341 1,208,801 39,060,013 38,636,273
Jan 1 to Dec 31 2,891,331 3,128,258
215,714
205,807
Cumberiand Valley
2,301
5,233
Nevada-Cal-Oregon •ith wit Jan
Jan 1 to Dec 31 10,517,751 9,779,116
43,626
Long Island
33,953
9,232
4,737
Nevada Central_ - December..
129,244
134,231
836,965
Maryland Delaw & Virginia.... Jan 1 to Dec 31
839,232
N 0 Great Northern December.. 131,544 132,866
N Y Philadelphia do Norfolk.. Jan 1 to Dec 31 3,326,455 3,466,617
013,790
962,426
173,571 175,006
N 0 Mobile & Chic_ December
Jan 1 to Deo 31 12,745,867 12,798,628
Northern Central
eNYC & Had Riv_ December.. 3,645,537 8,455,546 55,146,199 52,937,670
Jan 1 to Dec 31 18,914,244 19,021,707
Philadelphia Halt & Wash
Lake Shore & .%) S December.. 1,1113,654 4,104,336 25,615,954 25,707,085
Jan 1 to Dec 31 6,247,667 5,981,673
West Jersey & Seashore
n Lake Erie & W_ December.. 457,163 488,291 2,890,052 2,942,443
Jan 1 to Deo 31 50,110,590 34,170,875
1,813,910 Pennsylvania Company
Chit) Ina & South December.. 379,345 359,806 1,949,765
.031,611 5,148,994
Jan 1 to Dec 31
Grand Rapids & Indiana
Miohtgau Central. December.. 2,695,982 2,577,400 16,105,075 15,707,411
Pittsb Clutha tido & St Louis Jan 1 to Dee 31 38,549,933 40,601,379
16,006,030 16,241,736
Cleve 00 & St L.. December.. 2,622,721 2,749,037
Jna 1 to De • 31 9,..70,327 10,528.374
Vandalla
Peoria & Eastern December.. 294 352 334 098 1,654,005 1,944,310
Total lines-East Pitt. . Erl Jan 1 to Deo 31 225993936 228818188
70.1,310
707,992
Cincinnati North.. December.. 117,569 106,912
,
West PItti & rie Jan 1 to Deo 31 1083 6054 114800323
Pitts & Lake Erie December.. 1,208,360 1,092,133 8,371,263 8,769,076
All lines E do W_ Jan 1 to Dec 31 334349981 343018510
N Y Chin & St L_ December.. 1,024,311 991,800 5,866,202 5,789,352
938,743
883,181
Dec 1 to Oct 31
Tel & Ohio Cent_ 1)ecember.. 408,050 446,892 2,830,373 2,924,300 Rio Grande Junction
to Dec 31 3,416,713 3,339,834
an
Jan
Tot all lines above December.. 22017094 21703371 137149513 135481614 Rutland
7 1,673,091 1,612,271
Feb
Texas & Pacific
AGGREGATES OF GROSS EARNINGS-Weekly and Monthly.
Weekly Summaries.
Client Year Prev's Year Inc. or Dec.1 %
Monthly Suns mattes.
Cuen1 Year Prev's Year Inc. or Dec.
Mileage Curr. Yr. Prey, Yr.
242,933 239,132 218.177,123 225,700,811 --7.523,688 3.33
April
+476,022 1.03
4th week Nov (44 roads)._ 19,967,122 19,490,200
243,170 239,357 229,642,771 234,339,874 --4,697,103 2.00
Hay
- 15,251,799 14,088,335 +1,163,464 8.18
151 week Dec (40 roads).
243,732 240,012 231,697,053 238,156,755 --6,459,702 2.71
Juno
roads)..... 15,343,409 14,035,136 +1,308,273 9.32
34:1 week Dec (42
244,508 240.088 231,888,006 233,169,887 -4,481,881 0.65
July
3.38
+485,600
3d week Dee (45 roads)..... 15,306,303 14,880,703
254,880,944 --1,843,842 0.73
244,531 240,170
August
-555,060 2.80
4th week Dec (42 roads)- --- 19,416,818 19,971,884
A-507,987 0.19
September_245,494 240,825 257,256,762 256,748,
+119,058 1.04
roads)...... 11,753,095 11,634,037
1st week Jan (42
October _236,291 233,199 260,482,221 259,111,859 +1,370.362 0.53
-803,950 6.44
2a week Jan (42 roads)...-- 11,097,108 11,903,148
November _234,209 231,563 241,343,763 243,111,388 --1,787,625 0.73
-463,367 3.89
3d week Jan (37 roads)---- 11,570,415 12,036,782
December -238,561 235,685 233,614,912 232,275,177 i-1,339,735 0.57
4th week Jan (44 roads)--- 20,133,140 17,936,265 +2,200,875 12.27
--103,181 0.18
85,984 57,898,264 58,001,445
January - 87,407
1st week Feb (39 roads)..-.. 13,109,182 11,938,471 +1,170,711 9.81
Creek District Ry. from Nov 1 1911; in 1910 these return!
&
a Mexican currency. b Does not include earnings of Colorado Springsthe Cripple
St. Lawrence & Adirondack and the Ottawa do N. Y. Hy., the latter
are Included. e Includes the Boston & Albany, the New York & Ottawa,
40 Terre Haute and Evans'
of which, being a Canadian road, does not make returns to the Inter-State Commerce Commission. f Includes Evansville
Northern Ohio RR. p Includes earnings of
Ville & Indiana RR. g Includes the Cleveland Lorain & Wheeling By. in both years. n Includes thethe Frankfort do Cincinnati. t Includes the
Ft. Dodge and Wisconsin Minnesota & Pacific. s Includes Louisville & Atlantic and
Mason City 63
but also all other receipts.
_
Mexican International from July 1910. u Includes the Texas Central. v Includes not only operating revenues,
482
THE CHRONICLE
Latest Gross Earnings by Weeks.
-In the table which
follows we sum up separately the earnings for the first week
of February. The table covers 39 roads and shows 9.81%
increase in the aggregate over the same week last year.
[VOL. Lxxxxiv.
-Gross Earnings- -Net Earnings
Current
Previous
Current
Previous
Year.
Year.
Year.
Year.
S
$
$
$
Buffalo Roch & Pitts_b_Deo
739,198
784,377
248,333 • 287,990
July 1 to Dec 31
4,801,085 4,937,240 1,595,658 1,869,375
Canadian Northern
Dec 1,831.400 1,255,400
503,800
359,200
First week of February.
1912.
1911.
July 1 to Dec 31
Increase. Decrease.
10,334,700 8,046,600 2,945,100 2,491.000
Canadian Pacifio_a
Dec 10,654,871 8,705,284 4,105,730 3,286.534
$
$
$
$
July 1 to Dec 31
62.566,366 55,787,651 24,470,248 22,816,708
Alabama Great Southern
82,290
89,529
7,239 Central
Ann Arbor
of New Jer_b__ _Dec 3,001,111 2,957,045 1,596,300 1,541,228
51,435
39,192
12,243
-Atlanta Birmingham & Atlantic
July 1 to Dec 31
15,642,705 15.050,516 7,193,862 0,590,026
63,828
59,518
9,310
Buffalo Rochester & Pittsburgh
185,087
180,130
4,957
Chicago Great West_ bDec 1,088,533 1,047,369
283,059
289,198
Canadian Northern
262,000
159,400 102,600
July 1 to Dec 31
6,779,651 6,592,785 1.916,637 1,862,598
Canadian Pacific
2,168,000 1,160,000 1,008,000
Chic Memphis & Gulf_b_Deo
Central of Georgia
23,058
17 325
10 315
7 449
300,500
273,100
27,400
July 1 to Dec 31
Chesapeake & Ohio _______
142 541
65 739
78 095
24.955
576,067
596,961
__
20,394
Chicago & Alton
Chicago & Nor West_a__Dec 76,305,925 16,353,779 1,670,611 1,558,883
242,740
248,189
_____ _
5,449
Chicago Great Western -----180,066
July 1 to Dec 31
180,068
242,195
740,643,927 741,746,982 12,089.051 12,059,641
______
62,129
Chicago Ind & Louisville
108,131
106,373
1,758
Chic St P Minn & Om_a_Dee 71,312,374 71,399,788
905,726
421,941
Cincin New Orleans & Texas Pac
189,948
187,501
2,447
July 1 to Dec 31
18,133,857 18,953,431 2,349,350 3,001,412
Colorado Fe Southern
245,871
258,950
13,079 Colorado Midland_a____De
Denver ec Rio Grande
c
133,979
162,932
2,526
15,264
383,200
351,500
31,700
July 1 to Dec 31
Detroit ec Mackinac _
1,061,596 1,116,537
183,302
162,364
22,039
18,505
3,534
Detroit Toledo & Ironton
34,418
d Colorado & Southern b Dec 1,271,572 1,558,233
25,209
9,209
626,710
450,365
Duluth South Shore & Atlantic
56,130
July 1 to Deo 31
45,080
11,050
7,734,661 9,124,141 2,843,190 3,373,976
Georgia Southern & Florida....__
49,167
52,344
______
3,177 Cuba RR
Dec 293,685
237,118
137,953
97,713
Grand Trunk of Canada
July 1 to Dec 31
1,582,665 1,261,936
684,313
520,202
Grand Trunk Western
781,213
740,275
40,938
Delaware & Hudson_b_Dee 1.753,629 1,695,840
Detroit Grand Haven & "Mil
861,350
686,140
Jan 1 to Dec 31
Canada Atlantic__ __
21,357,924 20,329,679 8,1345,131 8,194,961
International & Great Northern
168,000
Denver & Rio Grande_a_Dec 1,863,536 1,979,470
152,000
16,000
485,449
567,192
Interoceanic of Mexico
167,957
156,074
July 1 to Deo 31
12,619,258 12,981,718 8,294,272 4,001,240
11,883
Louisville & Nashville _______ _ 1,079,810 1,060,765
19,045
Duluth So Sh & Ati_b_Dec 234,829
249,753
62,635
75,630
Mineral Range
15,453
13,842
1,611
ErieJaly 1 to Dec 31
u
1,658,966 1,734,048
514,841
601.751
Minneapolis St Paul & S SM 341,162
415,820
74,658
Dec 4,525,963 4,546,742 1,083,622 1,237,128
Chicago Division __________ f
July 1 to Dec 31
30,019,593 29 596 397 8 523 895 8,546,587
Missouri Kansas & Texas
512,199
494,509
__
17,690
Missouri Pacifi
Dec 307,853
___ _ 1,056,000 1,077,000
_____ _
295,385
21,000 Georgia b
104,199
96,892
Mobile & Ohio--_ ____________
July 1 to Dec 31
214,828
214,844
1,776,122 1,643,728
16
549,381
436,610
National Railways of Mexico-- 1,175,341 1,208,801
33,460 Grand Trunk of Canada
Rio Grande Southern
7,668
7,799
131
Grand Trunk Ry
Nov 3,152,762 2,989,491
649,191
663,547
St Louis Southwestern
245,000
232,000
13,000
July 1 to Nov 30
16,948,559 15,064,007 4,321,948 4,083,890
Seaboard Air Line
490,350
502,848
12,498
Grand Trunk Western Nov
Southern Railway
533,855
476,917
1,231,054 1,228,399
109,496
49,151
2,655
July 1 to Nov 30
Tenn Alabama & Georgia
2,798,967 2,442,498
1,895
1,724
596,389
171
411,949
Texas & Pacific
293,715
289,608
Det Gr Hay ec 1111w _ _Nov
4,107
201,960
226,049
66,043
66,286
Toledo Peoria & Western
20,238
19,728
July 1 to Nov 30
510
1,004,642
248,779
840,724
167,308
Toledo St Louis & Western__
69,150
61,491
7,659
Canada Atlantic
Nov
187,847
176,659
24,333
37,359
July 1 to Nov 30
115,337
945,317
844,311
95,027
Total (39 roads)
13,109.182 11,938,471 1,391,709 220,998
Illinois Central_a
Net increase (9.81%)
Dec 5,019,239 5,534,443
617,503 1,628,549
1,170,711
July 1 to Dec 31
30,493,339 32,229,286 4,512,976 8,058,736
g Interoceanio of Mex___Dec
289,790
282,427
744,387
For the fourth week of January our final statement covers
July 1 to Dec 31
4, 17,039 4,300,779 1,402,299 1,575,391
7 7 946
18
44 roads and shows 12.27% increase in the aggregate over Kansas City Southern_ b_Deo 803,579 917,209 • 257,021
329,330
July 1 to Dec 31
4,888,875 5,382,093 1,690,080 2,040,369
the same week last year.
g Mexico North West_a_Dec 1,124:9 0
68,205
77,941
07 802
23
157,465
Jan 1 to Dec 31
920,965 1,194,478
2,182,166
Fourth week of January.
1912.
1911. I Increase. Decrease. Mineral Range_b •
Dec
16,011
6,317
63,690
64,034
July 1 to Dec 31
77,486
3,210
374,823
379,875
Previously reported (36 rds.) _ _ 19,547,003 17,337,388 2,315,734 106,119 Minn St Paul & S S M_a_Dee 1,371,627
242,402
524,215
997,712
July 1 to Dec 31
Ala New On & Texas Pacific
9,184,543 7,159,472 3,882,980 2,593,230
New Orleans & Northeastern
Chicago DivIston_a___Dec 696,556
131,322
127,823
159,020
88,190
3,499
695,349
Alabama & Vicksburg
July 1 to Dec 31
68,061
58,959
9,102
4,786,311 4,692,038 1,336,424 1,158,931
\ricks Shreve & Pacific__
57,154
6,431 Missouri Pacific_ b
63,585
Dec 4,588,775 4,457,678 1,223,663
721,525
Ann Arbor _
65,580
6,110
59,470
July 1 to Dec 31
28,667,315 27,680,091 6,178,675 6,219,838
Atlanta Birmingham & Atlantic
89,900
76,811
13,089
760,349
602,889
Minneapolis & St Louis
..}
171,394
35,591 Missouri Kans & Tex_a_Deo 2,588,554 2,698,334
206,985
July 1 to Dec 31
15,554,571 15,924,071 3,752,807 4,717,840
Iowa Central
g Nat Rys of Mexico____Deo 5,384,568 5,370,886 2,492,366 2,227,231
Nevada-California-Oregon
5,233
2,932
2,301
Tennessee Alabama & Georgia_
July 1 to Dec 31
2,493
32.251,878 31,944,188 14,797,311 18,239,917
2,943
450
qN Y Cent & Hud Riv_b_Dec 8,645,587 8,455,546 2,281,335 1 830,553
Total (44 roads)
20,138,140 17,936,265 2,350,466 148,591
Jan 1 to Dec 31
103,954,863 99,908,473 29,482,284 25,820,391
Net increase (12.27%)
2,201,875
Lake Shore & M S_b_ _Deo 4,165,654 4,104,336 1,709,561
876,389
Jan 1 to Dec 31
48,360 997 49,420,211 17,282,419 14,499,278
eLake Erie & West_b_Deo 457 163
109,545
488 291
108 033
Net Earnings Monthly to Latest Dates.
-In our "Railway
Jan 1 to Deo 31
5,420,821 5,513,326 1,125.200 1,216 233
Earnings" Section, which accompanies to-day's issue of the
Chic Indiana & Sou_b_Deo 379 345
359,806
100 589
111 261
"Chronicle" as a special supplement,we print the December
Jan 1 to Deo 31
921,314
3 822 612 3 739 668
906,522
Michigan Central_ b__ _Dec 2,695,982 2,577,490
663,724
737.960
returns of earnings and expenses (or in the absence of the
Jan 1 to Dec 31
30,164,490 29,694,815 9,237,551 8,065,909
December figures those for the latest previous month) of
Clev Cin Ch & St L_b_Dec 2,822,721 2,749,037
733,300
641 993
every steam-operating railroad in the United States which is
Jan 1 to Deo 31
30 431,915 30,423,005 8,192,523 6,927,385
115,091
334,098
Peoria & Eastern_b___Dec 294.352
92,829
obliged to make monthly statements to the Inter-State
3,218,283 3,536,068
Jan 1 to Deo 31
716,867
972,948
Commerce Commission at Washington.
106,942
20,132
117,569
Cincinnati Northern.b.Deo
20,491
The Inter-State Commission returns are all on a uniform
1,248,676 1,204,277
Jan 1 to Dec 31
181,874
270,788
basis, both as to revenues and expenditures, and possess
Pitts & Lake Erie_b_ _Deo 1,208,380 1,092,133
488,767
445,430
15,308,561 17.052,697 7,351,726 9,106,631
Jan 1 to Dec 31
special utility by reason of that fact. In a number of
991,800
N Y Chic & St Louls.b.Deo 1,024,311
364,702
279,398
Instances these figures differ from those contained in the
11,258,008 11,238,877 3,237,810 3,409,221
Jan 1 to Dec 31
monthly statements given out by the companies themselves
Toledo & Ohio Cent_b_Deo 406,050
446,892
105,185
142,700
4,938,846 5,089,986 1,531.724 1,847,105
Jan 1 to Deo 31
for publication, and in which the accounts are prepared in
Total all llnes_b
Dec22,017,094 21,706,371 6,775,327 5,003,621
accordance with old methods of grouping and classification
258,127,873
Jan 1 to Dec 31
pursued in many instances for years. We bring together Nevada-Cal-Oregon_b_ _Dec 21,695 256911,408 79,246,497 73,066,163
24,990
988
4,309
here (1) all the roads where there is a substantial difference
61,334
204,609
190,321
July 1 to Dec 31
83,739
between the two sets of figures, so that those persons who N Y Ont & Western_a _Deo 890,422 734,169
129,277
151,112
4.777,334 4,977,401 1,288,762 1,545,068
July 1 to Dec 31
for any reason may desire to turn to the company statements
337,204
339,788
112.769
Susq
126,869
will find them readily available. We also give (2) the re- N Y July 1& West_a____Deo 2,002,949 1,890,202 665,327 584 366
to Deo 31
turns of such roads(even where the figures correspond exactly Norfolk 4i Western_b___Dec 3,257,244 2,935,533 1,164,141
981,528
19,985,571 18,494,622 7,429.823 6,841,126
July 1 to Dec 31
with those in the Inter-State Commerce reports) which go
805,663
Dec 586.969
beyond the requirements of the Commission and publish Pacific Coast
74,121
87,107
4,074,787 4,370,717
July 1 to Dec 31
768.620
911,56
their fixed charges in addition to earnings and expenses, or
Pennsylvania Lines
(3) which have a fiscal year different from that of the InterPennsylvania RR _a_ _ Deo 13,746,379 13,123,249 2,893,939 2,072,647
157,487,413 160457,209 37,432.950 39,2139,935
Jan 1 to Dec 31
State Commerce Commission, In which latter case we insert
16,875
15,010
Balto Ches & Atl_a__Deo
the road so as to show the results for the company's own year.
9,500
llef 504
273,545
269,321
Jan 1 to Dec 31
54,023
64,330
We likewise include (4) the few roads which operate entirely
241,264
Cumberland Valley_a Deo
251,747
75,822
80,074
within State boundaries, and therefore do not report to the
2,891,331 3,128,258
Jan 1 to Dec 31
821,878 1,088.243
Federal Commission, and (5) Mexican and Canadian comLong Island -a
Dec 737,548
675,831
48,499 def53,217
10,517,751 9,770,116 2,006,855 1,802,755
Jan 1 to Deo 31
panies. We add (6) the roads which have issued their own
9.000
Maryland Del & Va_a_ Deo
724
8,661
dot 136
statements for December, but have not yet filed any returns
134,231
Jan 1 to Dec 31
def5,032
2,100
129,244
for that month with the Commission. Finally (7) we give
261,980
49,352
N Y Phila & Norfolk_aDeo
65,466
265,033
the figures for any roads that have already submitted their
3,326,455 3,466,617
987,335
Jan 1 to Deo 31
732,882
January statement.
Northern Central_a_ _Dec 1,024,812 1,126,986
114,767
59,508
12,745,867 12,798,628 1,600,960 1,576,274
Dec 31
Jan 1 to
--Gross Earnings- -Net Earnings
Previous
Current
Current
221,733
Previous
Phila Balto & Was.h a Dec 1,581,121 1,552,675
253,461
Roads.
Year.
Year.
Year.
Year.
18,914,244 19,021,707 3,915,831 3.840,184
Jan 1 to Dec 31
25,839 def27,815
West Jer ec Seashore a Dec 480,538
355,170
Ala Tenn & Northern__ _Dec
11,850
16,675
7,834
6,161
6,297,887 5,1)81,673 1,100,440 1,172,225
Jan 1 to Dec 31
1-, July 1 to Dec 31
57,740
81,977
40,583
28,509
708,132
028,865
Atch Topeka & 8 Fe_ b_ _Deo 9,198,975 9,802,112 32,995,969 33.204,188 PennsylvanlaCompany a Dec 3,945,120 3,776,571
Jan 1 to Dec 31
50,110,590 54,170,875 13,461,882 15,081,162
July 1 to Dec 31
54,936,783 55,676,325 318,574,608 320,475,193
405,115
73,692
Or Rapids & Indiana a Dec 5, 07:084
431 021
0
Bangor & Aroostook_ _ _Deo
22,873
248,052
256,068
78,976
87,018
5,148,994
900,165
Jan 1 to Dec 31
July 1 to Dec 31
708,768
1,669,486 1,498,504
606,734
515,290
725,232
Pitts Cln Ch ec St L_a_ Dec 3,288,072 3,340,080
503,872
13ellefonte Central_ b__ _ Jan
5,103
0,066
785
det 244
Jan 1 to Deo 31
38,549,033 40,001,379 9,478,646 9,127,647
Bridgeton & Saco River_Deo
3,517
3.336
555
504
039,442
Vandalla
172,251
Deo 843,963
165,483
July 1 to Deo 31
32,221
28,185
12,122
8,799
Jan 1 to Dec 31
9,970,327 10,528,374 1,838,364 2,088,338
_1
Roads.
AIL
FEB. 17 1912.]
Roads.
483
THE CHRONICLE
--Gross Earnings- -NetEarnings
Previous
Current
Previous
Current
Year.
Year.
Year.
Year.
Pennsylvania Co (Con)
Total Ilnes East P&E aDeo 19,005,102 18,314,043 3,420,128 2,419,250
225,993,936 228818,188 48,763.,857 51,115,129
Jan 1 to Deo 31
Total lines WestP&E aDeo 8,892,073 8,827,644 1,764,078 1,494,160
108,356,054 114800,323 26,782,940 27,080,631
Jan 1 to Deo 31
Total all ltnes_a_ _ _ _Dec 27,897,176 27,141,688 5,184,207 3,913,411
334,349,989 343618,510 75,546,796 79,095,759
Jan 1 to Dec 31
305,146
353,298
Dec 1,520,680 1,403,323
Pere Marquette_b
9,093,727 8,516,185 2,407,434 2,165,172
July 1 to Dec 31
Reading Company1,612,527 1,575,907
Phila & Reading_b___Dec 4,050,369 4,012,167 8,377,038 8,269,330
23,282,688 23,053,296
July 1 to Dec 31
282,931
251,849
Coal & Iron Co_b____Dec 3,660,219 4,213,084
200,123
318,375
17,830,395 16,766,172
July 1 to Deo 31
Dec 7,710,588 8,225,251 1.864.386 1,858,838
Total both cos_b
41,113,080 39,819,468 8,695,423 8,478,453
July 1 to Dec 31
149,730
167,327
Reading Company__ _Deo
994,816
882,587
July 1 to Dec 31
2,031,662 2,800,568
Total all companies_Deo
9,690,188 9,361,040
July 1 to Dec 31
95,567
n29,849
n28,670
99,496
Rio Grande Junction_ _ _ _Oct
938,743 n264,955 n281,623
883,181
Dee 1 to Oct 31
10.002
47,084 def13,867
46,257
Rio Grande Southern_b _Deo
128,735
324,840
16,054
261,528
July 1 to Deo 31
Lines_b____Dec 5,552,312 6,042,335 1,595,500 1,942,262
Rock Island
34,135,781 36,517,883 9,727,379 11,173,930
July 1 to Dec 31
264,272
70,143
77,832
Dec 264,966
Rutiand_b
983,578
3,416,713 3,339,834
948,597
Jan 1 to Dec 31
3,914,085 1,229,200 1,118,074
St Louts & San Fran_b_ _Dec 3.689,504
22,197,221 22,770,519 7,577,921 7,119,408
July 1 to Dec 31
465,040
373,406
Chicago & East Ill_b_Dec 1,354,079 1,414,046
8,155,206 8,029,019 2,490,221 2.644,774
July 1 to Dec 31
Dec 5,043,583 5,329,032 1,602,606 1.583,114
Total all lines_b
30,352,427 30,799.539 10,077,142 9,764,182
July 1 to Dec 31
220,357
58,803
85,792
St L Rity Mtn & Pac_a_ _Dec 183,268
294,162
913.774 1,119,303
405,203
July 1 to Dec 31
420,606
350,017
St Louis Southwest_a___Dec 1,175,115 1,167,979
6,353,268 6,456,700 2,103,831 1,816,900
July 1 to Dec 31
Dec 11,296,477 11,566,464 3,006,715 3,723,310
Southern Pacifica
69,069,365 71,137,723 23,234,815 25,472,366
July 1 to Dec 31
14,638
27,801
116,049
106,915
Toledo Peer & West_ b_ _Dec
10,362
23,664
107,932
113,424
January
170,827
152,315
787,685
760,503
July 1 to Jan 31
3,412
3,125
8,246
8,935
Dec
Tombigbee Valley
16,204
18,313
43,484
50,487
July 1 to Dec 31
Dec 7,175,161 7,347,352 2,205,225 2,835,644
Union Pacifica
47,044,545 49,825,417 19,362,418 21,887,720
July 1 to Dec 31
r181,777
r184,157
567,452
570,629
Western Maryland_a__ _Nov
3,095,308 3,222,674 r1,052,765 r1,180,926
July 1 to Nov 30
165,002
111,714
462,754
561,987
Wheeling & Lake Erie_b_Jan
4,558,761 4,152,626 1,608,145 1,285,730
July 1 to Jan 31
.
640,735
313,749
Yazoo & Miss Valley_a_Dec 1,076,364 1,292,289
5,266,017 5,631,177 1,122,154 1,616,549
July 1 to Dec 31
-Int., Rentals, etc.- -Bat. of Net Earns.
Previous
Current
Previous
Current
Year.
Year.
Year.
Year.
$
$
3
$
253,328
228,146
168,613
Chicago St P M & Om_Dec 177,580
1,047,412 1,015,813 1,301,938 1,985.599
July 1 to Dec 31
29,820 cdef35,398 cdef23,193
29,820
Dec
Colorado Midland
178,920 cdef65,493 cdef74,729
178,920
July 1 to Dec 31
c331,06$
c215,495
271,565
Colorado & Southern__ _Dec 272,606
1,652,683 1,622,927 c1,405,543 c1,746,785
July 1 to Dec 31
61,046
77.828
36,667
60,125 •
Cuba RR
Dec
300,202
323,563
220,000
360,750
July 1 to Dec 31
d210,089
09.086
509,412
517,892
Denver & Rio Grande__ _Deo
d740,560 d1,498,083
July 1 to Dec 31
3,076,772 3,034,251
94,564 zdef27,008 zdef5,917
92,294
Duluth So Sh & Atl
Dec
x63,342
577,290 xdef37,002
July 1 to Dec 31
576,594
x45,810
z50,543
62,717
Georgia
66,399
Dec
x39,179
451,848 z193,634
July 1 to Dec 31
414,188
x6,102 xdef3,038
10,603
Dec
Mineral Range
10,057
z10,005 xdef64,486
76,502
73.146
July 1 to Dec 31
x280,266
x65,151
524,260
Missouri Nan 6c Tex_ __-Dec 548,625
3,258,996 3,010,796 x569,409 x1,867,345
July 1 to Dee 31
z266,191zdef246,066
Dec 1,233,120 1,335,141
Missouri Pacific
July 1 to Dec 31
8,670,127 7,807,435xdf1435,042xdef731,634
z695
-Oregon
4,274 zdef4,656
6,087
Dec
Nevada-Cal
z63,105
x31,745
25,567
July 1 to Dec 31
31,525
29,676
19,711
121,436
109.566
N Y Ont & Western____Deo
831,843
608,800
679,062
713,225
July 1 to Dec 31
Dec 477,517
x806,173 x670,353
572,227
Norfolk & Western
2,857,587 3,081,510 x4,982,133 x4,403,649
July 1 to Dec 31
Dec 389,839
357,999 ydef64,640 ydef87,249
Pere Marquette
2,349.068 2,168,467ydef262,171ydef261,458
July 1 to Dec 31
Deo 868,250
888,661 1,163,412 1,119,907
Reading Company
5,209.500 5,331.964 4,480,688 4,029,076
July 1 to Dec 31
8,333
20,337
8,333
21,516
Rio Grande Junction_ ___Oct
91,667
91,667
173,288
189,956
Oct 31
Dec 1 to
x730
19,147
18,791 xdef32,253
Grande Southern___Deo
Rio
115,117 zdef92,532
113,506
z18.285
July 1 to Deo 31
27,236
31,987
31,567
53,805
St Louis RIty M & Pac__Dec
195,079
104,198
189,964
210.124
July 1 to Dec 31
194,342 x276,618
x184,006
St Louis Southwestern__Dec 208,018
1,182,601 1,116,409 x1,320,435 z897,249
July 1 to Dec 31
24,357 xclef5,593
23,971
x7,070
Toledo Peoria & West__Dec
24,413
x3,818 zdef10,777
23,846
January
x6,714
173,818
x17,746
168,007
July 1 to Jan 31
Roads.
Roads.
QUARTERLY RETURNS.
-Bat, of Net Earns.
-Int., Rentals, &c.
Current
Previous
Previous
Current
Year.
Year.
Year.
Year.
New London Northern
Oct 1 to Dec 31
July 1 to Dec 31
Jan 1 to Dec 31
Ulster do Delaware
Oct 1 to Dec 31
July 1 to Dec 31
Jan 1 to Dec 31
88,149
178,615
323,245
def4,437
85,117 def45,950
125,976 def59,665 def43,373
296,720 def140,851 def106,044
60,790
127,133
240.241
61,657
130,104
246,176
x1,458
x101,991
x52,185
x4,129
x105,927
x113.150
QUARTERLY RETURNS.
c After allowing for miscellaneous charges and credits to income.
d These figures are after allowing for other income and for discount and
-Gross Earnings- -Net Earnings
Current
Previous
Previous
exchange. The sum of $10,000 is deducted every month from surplus and
Current
Year.
Year.
Year.
placed to the credit of renewal fund.
Year.
Roads.
x After allowing for other income received.
V After allowing for outside oper., hire of equip. and other Income.
Boston & Albany_b640,476
3,966,780 3,811,347 1,187,633
to Dec 31
Oct 1
7,614,584 2,731,339 1,790,213 ELECTRIC RAILWAY AND TRACTION COMPANIES.
8,147,254
July 1 to Dec 31
Boston & Maine_b11,741,264 11,399,204 2,086,176 2,501,469
Oct 1 to Dec 31
Jan. 1 to latest date.
Latest Gross Earnings.
24,039,530 23,529,782 5,953,329 6,030,663
July 1 to Dec 31
Name of
45,324,831 44,130,767 9,589,045 10,879,418
Jan 1 to Dec 31
Previous
Current Previous Current
Week or
Road.
Year.
Year.
Year.
Year.
Month.
New London Northern_b80,680
42,190
304,676
293,080
Oct 1 to Dec 31
82,602
593,582
118,950
610,086
July 1 to Dec 31
190,676 American Rys Co..__ _ December.. 409,000 381,935 4,413,185 4.177,972
182,394
1,214,631 1,174,174
Jan 1 to Dec 31
349,360
342,131
22,840 19,864
Atlantic Shore Ry__ _ December
Ulster & Delawarc-b143,178 124,874 1,784,162 1,673,226
63,723 cAur Elgin & chic Ry December
261,697
56,855
243,218
Oct 1 to Dec 31
598,114
565,638
228,636 Bangor Ry & Bice Co December.. 54,383 47,515
218,251
676,884
633,202
to Dec 31
July 1
110,174
119,476
11,003
348,265 Baton Rouge Elec Co December.. 12,453
278,406
1,079,248 1,171,574
Jan 1 to Dec 31
367,063
383,503
Binghamton Railway December
119,626
119,201
7,672
8,040
13rock & Plytn St fly. December .
INDUSTRIAL COMPANIES.
- Bitlyn Rap Tran Syst October __ 1944,320 1843,006 19.441,996 18,240.202
-GrossEarnings- -NetEarnings
326,010
337,555
Cape Breton Elec Co_ December.. 31,418 29,520
Previous
Current
Previous
Current
321,983
373,698
Carolina Pow & Lt Co December.. 38,695 32,446
Year.
Year.
Year.
Year.
Companies.
532,013
531,885
55,508
55,591
N & E Buy October __
Cent Park
831,167
868,433
75,890
338,110 Central Penn Trac__ _ December.. 83,827 73.791
548,474
379,201
595,533
El HI (Boston)_ _ _Jan
Edison
75,659
875.078
943,472
3,365,659 3,034,713 2,004,332 1,741,825 Chattanooga By & Lt December.. 27,403 27,037
July 1 to Jan 31
337,970
328,235
Cleve Painesv & East November_
Cloy Southw & Colum December.. 93,414 85,950 1,128,622 1,054,089
here given are after deducting taxes.
a Net earnings
428,154
492,325
Columbus (Ga) El Co December.. • 46,318 40,834
b Net earnings here given are before deducting taxes.
October __ 101,406 114,932 1,206,144 1,288,721
d Beginning with Nov. 1 1911 the earnings of the Colorado Springs & Coney Island &Bklyn December.. 152.926 139,291 1,632,291 1,469.318
Dallas Electric Corp_
Cripple Creek District Ry. Co. arc no longer included, but have not been Detroit United Ry__ _ 3t1 .wk Jan 170,528 159,515
465,221
510,815
deducted from the comparative figures for '1910.
507.991
510,928
54,322 51,089
DDEB & Batt(Rec) October __
e Includes the Northern Ohio RR.
100,046 95.267 1,135,300 1,091.582
Duluth-Superior Tree December
all other receipts.
I Includes not only operating revenue, but also
Bast St Louis & Sub_ December.. 202.702 202,814 2,279,147 2.364,142
0 These results arc in Mexican currency.
640,658
691,607
December.. 73,494 65,168
El Paso Electric
The company now includes the earnings of the Atch. Top. & Santa Pe Fairm 63 Clarks Tr Co December
611.643
742,294
67,652 54,460
System,
RV., Gulf Colo. & Santa Fe By.. Eastern Ry. of New Mexico
(Reo) October __ 140,553 133,841 1,334,312 1,195.627
Santa Fe Prescott & Phoenix Ry., Southern Kansas Ry. of Texas, Texas 42dStM&SNAv Co_ _ December.. 137,103 115,123 1,523,169 1,312,986
Galv-Hous Elec
& Gulf Ry.. G. & /. Ry. of T., C. S. S. & L. V. RR. and R. G. & E. P. Grand Rapids By Co_ December., 108,609 96,274 1,169,303 1,132,57$
RR. in both years. For December taxes amounted to $313,369, against Havana Elec Ry Co_ _ Wk Feb 11
278,379
45,803 48,912
269.616
in 1910:after deducting which, net for December 1911 was $2,682,- Honolulu Rapid Tran
226,861
600, against $2,977,327 last year. From July 1 to Deo. 31 taxes were
453,853
500,276
December.. 48,129 41,162
& Land Co.
$2,103,822 in loll, against $1,671,647 last year.
311,475
300,963
25,032
Houghton Co Trac Co December.. 24,814
n These figures represent 30% of gross earnings.
Hudson & Manhattan November.. 406,133 362,793 4,187,100 3,616,087
r After allowing for miscellaneous receipts and net from coal and other Illinois Traction Co_ _ December.. 637,492 620,403 6.902,221 6,106,250
departments, total net earnings for Nov. 1911 were $218,759, against Interboro Rap Tran_ October__ 2707,569 2547,654 24,795,600 24.030.857
$215.584 in 1910: and from July 1 to Nov. 30 were $1,229,517 In 1911, Jacksonville 'Pre Co. _ December.. 51,090 55,397
567,548
576,081
against $1,286.411 In 1910.
95,828 91,802 1,165,685 1.110,541
Lake Shore Elec Ry_ November_
Includes the Boston & Albany, the N. Y. & Ottawa, the St. Lawrence & Long Island Electric_ October __
181,348
180.406
15.334 21,187
of which, being a
Adirondack and the Ottawa & New York Ry., the latter
Metropolitan St(Roe) October __ 1210,060 1208,758 11,363,072 11,070.171
Canadian road, does not make returns to the Inter-State Commerce Comm. Milw El Ry & Lt Co_ December.. 466,546 423,524 5,038,691 4,694,392
Milw Lt, Fit & Tr Co_ December,. 90,333 80,894 1,121,205 1,056.750
Interest Charges and Surplus.
430,939 377,274 4,939,047 4,456,168
Montreal Street Ry_ _ December
- Nashville Ry & Light December.. 182,672 170,372 1,963,784 1,832,465
-Int.. Rentals. &c.- -Bat. of Net Earns.
6,380,909 6.099,234
Previous
Current
Current
New Orleans Hy & Lt December..
Previous
248,720
190,805
Year.
29,697 22,751
Year.
Year.
Year.
N Y City Interboro_ October __
Roads.
333,023
318,435
32,516 35,759
$
N Y & Long Isl Trac_ October __
z10,198 N Y & Queens County October __ 105,370 99,152 1,058,247
947,875
105,641
96,354 xdef9,342
Aroostook_ __Dec
Bangor &
x54,192 Northam Easton & W December
164.965
14,012 13,046
172,920
x73,844
632,740
572,960
July 1 to Dec 31
217,315
252,174
der 494 No Caro Pub Serv Co December.. 24,124 20,873
244
541
250
Jan -." •
Bellefonte Central
239,374 201,973 2,694,024 2,437.426
Tree & Lt December
North
der 130 North Ohio Elec Co_ December.. 143,155 127,969 1,622,875 1,442,807
666
det Ill
640
Bridgeton & Saco River_Dco
Texas
5,078 Ocean Electric (L I)_ October __
3,903
8.219
3,715
104,086
5,083
4,250
114,712
July 1 to Dec 31
249.746
265,296
z145,557 x189,310 Paducah Trac&Lt Co December.. 26,835 24,296
174,321
Buffalo Roch & Pitts-Dec 171,128
273,103
286,715
1,033,339 .1,057,760
x903,723 z1,242,631 Pensacola Electric Co December.. 24,307 25,561
July 1 to Deo 31
995,921 Phila Rapid Trans Co December.. 1964,271 1838,996 6,366,703 5,638.896
557.416
545,307 1,038,884
Central of New Jersey__Dec
December.. 556.397 529,969
3,178,804 3,191,111 4,015,008 3,398,915 Port(Ore)Ry,L &PCo. December.. 147,788 157,981 1,766,742 1,915,289
July 1 to Dec 31
Puget Sound Elec Co.
x80,745 Richmond Lt & RR_ October __
x64,565
310.846
293.402
215,767
27.499 27.223
Chicago Great Western__Dec 228.787
1,358,431 1,258,100 x626,043 x658,315 Rio de Janeiro Tram
July 1 to Dec 31
5,414
Light & Power Co_ December 1173,566 997,007 12,951.050 10.942.047
6,997
3,316
2,033
__Deo
Chic Memphis & Gulf
14,452 St Joseph (Mo) Ry,Lt
46,774
18,063
10,501
July 1 to Dec 31
Heat & Power Co_ December.. 101,401 96,048 1,099,285 1,038,056
707,645
846,406
851,238
Chicago & North West_ _Dec 7 824,205
363,289 285.003 3.595.140 2,950,594
December
4,420,936 4,618,464 7,668.115 7.441,177 Sao Paulo Tr, L & P.
July 1 to Dec 31
484
THE CHRONICLE
Latest Gross Earnings.
[VoL. Lxxxxiv.
Less
-Improvement and refunding bonds pledged as
collateral for 5-year gold notes
$16,000,000
• Refunding mtge.47 bonds pledged with trustee of
0
improv't and ref. gen.-M. of Mch. 1st 1911
706,000
$15,706,000
Savannah Elec Co__ _ December.. 62,079 53,515
Total new bonds and notes, less amounts pledged
696,668
632,356
$11,328,456
Seattle Electric CO.._ December.. 467,907 493,842 5,440,955 5,588,188 Bonds and equipment notes retired
3,848,176
Second Avenue (Rea) October __
83,394 78,565
784,087
711,544
Southern Boulevard_ October __
10,721
10,015
105,833
93,692 Increase in bonded debt in hands of public
$7,480,280
Sou Wisconsin Ry Co December.. 17,775 15,453
196,610
179,356
Payments aggregating $4,549,159 have been made for sundry equipment
Staten IsI'd Midland_ October
19.746 19,569
243,232
228,804 obligations, for the purchase of new equipment and for the retirement
of
Tampa Electric Co_ _ December.. 66,390 47,254
691,323
592,964
Third Avenue (Reo)- October __ 314,813 291,330 3,058,898 2,857,229 $2,500,000 short-term notes. The proceeds of $8,000,000 Pere Marquette
5
-year 6% coll. trust indenture notes dated March 1 1911 were used in part
Toronto Railway Co_ December.
4,851,541 4,377,116 In making the above payments.
Tr -City Ry & Lt Co_ November_ 247,038 230,868 2,441,504 2.266,333
Improvements.
-During the year improvements to cost approximately
Twin City Rap Tran_ 1st wk Feb 143,970 139,872
773,175
749.084 $1,900,000 were authorized as follows: (a) Double track, 43.06 miles
Underground El Ry
(Alexis to Romulus, 36.50 miles; Hoyt to Bridgeport, 4.10; La Mar to
of London
Grandville, 2.46). (b) Change of Line.
-Construction of new line from
Three tube lines... Wk Feb 10 £14,805 £14,230
£90,350
£86,165 Alfred to Union Pier, 5.64 miles, eliminating approximately 360 degrees of
Metropolitan Dist_ Wk Feb 10 £12,658 £12,117
£71,025 curvature and makes a 5-10ths instead of a 9-10ths grade line. (c) Grade
£75,910
United Tramway.. Wk Feb 10 £4,979 £5,032
£31,420
£30,794 revision and double track, St. Joseph to Riverside, 7.59 miles. There is
Union (Bee)
October __ 206,850 190,313
UnionRy,G doECo(III) December.. 325,314 294,154 2,077.759 1.879,495 at present under construction a straight line with 5-10ths grade north3,190,110 2,981,711
und out of Benton Harbor (the present line has a 9-10ths grade and
United Rys of St L. December 1021,044 983,862 11,914,153 11.534.336
_
heavy curvature), also a double track
St. Joseph through Benton
United Bits of San Fr December
701.004 682,356 7,886,136 7,653,489 Harbor to Riverside. (d) Passing tracks,from number, aggregating 133,013
57 In
Westchester El (Rea) October __
48,731 45,557
510,367
448,414 ft. (e) Engine terminals at Grand Rapids and Saginaw. (f) Shops and
Whatcom Co Ry & Lt December.. 39,233 39,084
388,374
411,160 machinery at Grand Rapids and Saginaw, (g) Yard tracks at Grand RapYonkers RR (Rec)_ _ October __
59,063 57.664
565,110
ids, Detroit, Ludington, Saginaw and Toledo, to accommodate in the agYoungst & Ohio Ry_ December.. 18,965
17,340
234,458
208,626 gregate 2,990 additional cars. (h) Reconstruction of telegraph line and
c These figures are for consolidated company.
installing telephone dispatching circuits, making, with the 135 miles of
telephone train-dispatching circuit already constructed, a total of 561.58
Electric Railway Net Earnings.
miles of
-The following table gives (I) New copper wire telephone 'train-dispatching circuit on our main line.
passenger stations at Ludington and St. Joseph. (j) New freight
the returns of ELECTRIC railway gross and net earnings station at Saginaw.
reported this week.
Charges and Credits to Additions and Betterments
-Net Debt, $895,247.
-GrossEarnings- -NetEarnings
- Debits (chiefly grade reductions and changes of line, $47,767;
Current
Previous
Current
bridges, trestles and culverts, $92,571; increased weight of
Previous
Roads,
Year.
Year.
Year.
rail, $57,657; additional main tracks, $52,652; sidings and
Year.
I
spur tracks, $103,505: terminal yards, $155,004; shops, engine
$
*
$
Binghamton Ry_b-houses and turntables, $145,539; equipment $877,170; total _ _$1,743,277
Oct 1 to Dec 31
92,590
85,473
(chiefly equipent, $711,529, and sidings and spurs,
42,043
6,287
m
34,004 Credits(cr
July 1 to Dec 31
203,546
189,512
98,069
82,284
848,029
Federal Light & Tree_ _ _Dec
Roadway and Track.
-During the year there were 31.78 miles of side
158,177
145,795
71,413
67,009 and yard tracks constructed
Jan 1 to Dec 31
and 8.47 miles of unproductive tracks taken
1,335,272 1,221,737
552,888
521,091 up
-a net increase of 23.31 miles. There were 665,562 cross-ties used,
a Net earnings here given are after deducting taxes.
472,322 being used In main-track renewals, 101,844 in side-track renewals
and 91,396 used for new work; 315,124 tie-plates were put in. 78.21 miles
b Net earnings here given are before deducting taxes.
of track were ballasted with gravel and cinders.
Interest Charges and Surplus.
The grade between Lansing and Trowbridge, 2.08 miles, was reduced to
0
-Int., Rentals, &c.- -Bal. of Net Earns.
- a .57 grade by cutting down the hill and raising depression at Cedar River.
At Plymouth additions were made to our yard facilities which increased
Current
Previous
Current
Previous
Roads.
the capacity to accommodate 340 additional cars. New passing tracks
Year.
Year.
Year.
Year.
were constructed at Ensel and between Ann Pere and Howell.
$
$
*
$
Binghamton RyDuring the year there were 564,291 track feet of new 75-lb. rail, and 5,280
Oct 1 to Dec 31
27,529
of new
26,626
x16,454
x9,013 track feet Stock. 70-lb. rail laid on main line.
July 1 to Dec 31
-During the year contracts were let for the construction of
55,646
Rolling
54,064
x45,550
x30,962
45 consolidation freight engines, 10 switch engines, 5 Pacific type passenger
x After allowing for other income received.
engines. 12 first-class coaches and 2 combination baggage and mall cars.
Of the foregoing 35 consolidation freight engines and one first-class coach
remained to be delivered during July and August 1911. There were also
purchased two locomotive cranes. Nine 8-wheel engines and two small
switch engines were scrapped.
Results.
gross revenues
Annual Reports.
-An index to annual reports of steam $18,509. -Theloss in freight for the year were 516,523,762, a decrease of
The
railroads, street railways and miscellaneous companies which tonnage carried of 180,979 tonsrevenues was $365,530, with a decreased
and a decrease of 26,232,324 tons carried
have been published during the preceding month will be one mile. The average rate per ton per mile was .579 cents, as compared
with .591 cents in 1910.
given on the last Saturday of each month. This index will
Classification of Freight Tonnage-Products ofnot include reports in the issue of the "Chronicle" in which
Agricul. Animals. Mines.
Forest. Mfrs.,&c.
Total.
1910-11___1,840
it is published. The latest index will be found in the issue 1909-10_1,656 ,221 245,879 4,067,500 1,509,351 2,683,121 10,346,272
,225 295,814 4,068,981 1,615,020 2,891,211 10,527,251
of Jan. 27. The next will appear in that of Feb. 24.
The passenger revenues show an increase of $232,079 (contributed entirely by main-line trains), with an average rate per passenger per mile of
1.774 cents, as against 1.770 cents In 1910. The number of passengerS
Northern Central Railway.
carried increased 111,829. The Increase in the number of passengers car(Report for Fiscal Year ending Dec. 311911.)
ried one mile was 12,595,981, an increase of 6.01%, which Is slightly less
On subsequent pages is given the report of President than the normal. This increase Is largely accounted for by additional pasour main lines,
James McCrea, with the detailed balance sheet and income senger trains placed in service onmiles, or 4.02%.which increased our total
passenger-train mileage 164,265
The Michigan 2-cent fare law (effective Sept. 28 1907) continues to be a
account. Below we give brief comparative results for three
serious handicap. The passenger train mileage for the year was 4,248,371
years. Further data will be given another week.
miles: of this 1,764,087, or 41.52%, was mileage of branch line trains; the
approximate passenger revenue per train mile on the branch lines was 49 eta.
RESULTS FOR CALENDAR YEARS.
On account of the law, the road is required to operate a large percentage of
1911.
1910.
1909.
passenger train
Passengers carried (No.)
4,882,417
5,150,217
4,816,211 itsThe expenses ofmileage at a loss.
Freight (tons) carried
operation show Increases aggregating $1,772,123, of
22,654,778 22,583,012 21,111,851
Operating revenues
$12,745,867 12,798,6 8 $12,253,893 which amount $190,859 was in maintenance of way and structures and
Operating expenses _
10,728,345 10, 81,469
9,578,329 $433,159 In maintenance of equipment. The percentage of expenses to gross
revenues was 81.52%, as against 70.72% In 1910, an increase of 10.80%.
The taxes for the year were $664,770, as compared with 5755,641 paid
Net operating revenue _____________ $2,019,522 $2,017,159 $2,675,564
In
Outside operations (net re,enue)
6,218
6,864
7,706 for1910, a decrease of $90,871. The general income account shows a deficit
the year of $1,813,761, as against a surplus of $469,714 for 1910.
The classification of operating expenses adopted by the Inter-State ComTotal net revenue
$2,025,740 $2,024,024 *2,683,270
merce Commission does not permit of any charge that is in the nature of an
Taxes Northern Central Ry
418,563
1382,974
314,236 addition or
Taxes leased lines
I. 57,912
42,601 under their betterment to the property, such charges being provided for
classification of additions and betterments, as shown above.
Profit and Loss.
Net earnings over taxes$1,607,177 $1,583,138 $2,326,433
-This account was debited during the year with $515,779
account
Interest on invest'ts, rents, &c ______ 1,382,051
1,435,245
1,374,677 ciation of charges for discounts on bonds sold; $286,705 account of depreprior to July 1 1907 on equipment, tracks and structures destroyed.
removed or sold; $16,192 account of sundry adjustments,andi the balance
Total income _
$2,989,228 $3,018,383 $3,701,110
from income account of $1,813,761. The debit to profit and loss account
Disbursements
-Interest, rents, &c
$1,148,354 $1,183,835 $1,157,495 June 30 1911 was $2,780,313.
Dividends (8%)
1,547,400
1,547,40 b
1,547,400
OPERATIONS, EARNINGS, EXPENSES,,349
2 &c.
Extraordinary
800,000
1909-10.
1908-09.
1910-11.
1907-08.
Average miles operated_
2,331
2,333
Total disbursements .._ _ _ ________ $2,695,754 $2,731,235 $3,504,895
Passengers carried
5,633,295
5,267,714
5,745,124
4,964:287
2 342
Balance, surplus
$293,474
$287,148
*196,215 Pass. carried 1 mile_ _ _ _222,096,660
189,727,627 178,248,126
• The balance, surplus, as above in 1911, $293,474, was transferred to Earns, per pass. per mile 1.774 cts. 209,500.679
1.770 (its.
1.774 eta.
1.849 eta.
reserve for additions and betterments and not to profit and loss.
$0.9077
$0.9272
50486
.,
9,3168 716
-V. 93, Earns, per pass. train m.
p.t.1286.
Revenue tons carried_ _ _ 10,346,272 10,527,251
Rev,tons carried 1 mile 1858421,382 1884653,706 1681078,143 1498808988284
358
8 8 ,98820
Pere Marquette RR.
Earns. p. rev, ton p. m_• 0.579 cts.
0.591 ots.
.5376. s. 0.602 as
70 et 9
.
5
Tons per freight train m.
322.96
320.32
512.78372.6687
(Report for Fiscal Year ending June 30 1911.)
$1.90748
Earns, per freight tr. m. $1.85558
$
$1.76,2702081
Pres. William Cotter, Detroit, Oct. 19 1911, wrote:
Gross earnings per mile_
$7,097
$5,823
$7,082
INCOME ACCOUNT.
Mileage.
-The increase of 3.13 miles is made up as follows: Alexis, 0.,
Operating Revenue1910-11.
1909-10.
1907-08.
to Toledo, 0. (L. S. & M. S. Ry.), 8.70; other trackage, 0.15; total, 8.85
1908-09.
Freight
$10,765,545 $11,131,076 $9,705,565 $9,025,916
miles, less spurs taken up, &c., 5.72 miles.
3,295,704
3,939,391
3,707,311
Funded Debt.
3,366,466
-The gross bonded debt was Increased $28,034,456, of Passenger
express
Mail and
605,474
575,228
689,541
which $16,706,000 IS owned by the company and under pledge. We
578,505
304,938
394,569
438,388
$3,848,176, making the net increase In hands of public $7,480,280, as retired Other transp. revenue..
359,768
follows: Rev. other than trans._
121,134
157.192
153,943
159,261
Improvement and refunding general mtge. bonds issued and deoperations
431,061
546,649
536,954
460,262
posited as collateral securing $8,000,000 5-yr. 6% gold notes_$16,000,000 Outside
Five-year 6% coll, trust notes issued under indenture dated
Total operating rev..516,523,762 $16,542,271 514,629,827 $13,753,982
March 11911, to retire various outstanding obligations, inOperating Expensescluding short-term notes, and for add'ns and betterments,
Maint. of way & struct_ $2,123,296 *1,932,437 $1,669,220 $1,620,206
cash payment on new equipment purchased, &c. &c
2,044,500
2,018,494
2,117,700
4% refunding bonds issued in exchance for equipment notes, and 8,000,000 Maint. of equipment_ 2,550,859
'
Traffic expenses
306,044
349,971
467,790
420,298
bonds retired, $248,000; acc't of add'ns and betterments durTransportation expenses 7,292,092
5,795,436
5,712,493
6,370,632
ing 1909 and 1910, $458,000
706,000 General expenses
362,072
357,017
424,373
362,173
5% equipment notes issued under agreements with (a) American
Outside operations
474,385
417,730
612,555
495,602
Locomotive Co., dated July 1 1910, covering purchase of 15
locomotives, $177,956; (D) with Equitable Trust Co.. N. Y..
Total expenses
$13,470,965 $11,698,842 $10,581,580 510,545,988
dated Nov. 15 1910, covering purchase of 10 locomotives.
(72.33)
Per cent exp. to earns
(70.72)
(76.68)
(81.52)
$168,500; (c) with Bankers' Trust Co., trustee, dated April 1
4,048,247
Net operating revenue
4,843,429
3,207,994
3,052,797
1911, covering extension of Pullman Co. 5% equipment war576,893
Taxes
664,770
755,641
553,239
rants, Ser. A and B, secured on 4,000 box cars, $2,112,000:
(d) with Bankers Trust Co., trustee, dated June 1 1911, covOperating income__ $2,388,027 $4,087,788 $3,471,354 $2,654,755
ering purchase of 50 locomotives and 14 passenger cars,
Int.,(flys., doe., receiVed
248,6741
126,393
164,132
502,373
$870,000; total
3,328,456 Hire of equipment
Dr. 570,232 Dr. 143,213 Dr. 10,465j
Total bonds issued
$28,034,456
Tots' net income__ $1,981,927 $4,070,968 $3,709,563 $3,157.129
Name of
Road.
Week or
Month.
Current Previous
Year.
Year.
Jan. 1 to latest date.
Current
Year.
ANNUAL REPORTS
Previous
Year.
1910-11.
Deduct52,997,130
Interest on bonds
77,370
Int. on bills payable.. _ _ _
Int. on receiver's certfs_
721,188
Rentals
1909-10.
$2,898,793
25,047
825
676,589
1908-09.
$2,941,151
11,690
17,005
699,066
1907-08.
$2,731,618
41,763
102,981
674,433
$3,795,688 $3,601,254 $3,668,912 $3,550,795
def.$1,813,761 sur.*469,714 sur.$40,651 def.$393,667
BALANCE SHEET JUNE 30.
1910.
1911.
1911.
1910.
$
LiabilitiesAssets$
Road,equip.,&c.a88,539,433 87,748,170 Common stock_ 16,203,700 16,166,600
Securs. owned_ _826,824,858 10,118,856 Preferred stock_ 12,155,800 12,125,300
208,100
140,500
Other investm'ts c669,985
620,525 Stock of sub.cos.
&
Cash
1,915,189
653,199 L.E. D.R.Ry.
1,400,000
common stock 1,400,000
Deposits for int.
819,959 Mtge.,bond.,&c.,
and dividends
691,771
debt(see "Ry.
193,998
Securs. In treas.
193,998
& Ind." Sec.) 91,983,147 67,796,867
818,585
Marketable sees_
818,590
1,575,042
159,155 Vouch. & wages. 1,758,819
Traffic balances.
210,147
1,550,000
480,612 Loans& bills pay
Agts. & conduc_
391,518
372,817
409,352
744,753 Traffic balances.
Material &supp. 1,228,923
535,785 Maturint.,divs.,
572,582
Miscell. accounts
821,159
707,786
&c., unpaid__
10,051
31,832
Accr.inc.not due
214,802
245,995
101,817 Miscell. accounts
Advances
137,136
Accrued interest,
Prepaid rent and
439,488
dividends, &c.
586,151
84,045
93,653
insurance
355,646
347,197
28,861 Accrued taxes__
Special deposits_
757,583
45,326
Oper. reserves__
12,768
Other def. debit
353,310 Other def. credit
items
412,942
556,990
items
319,238
156,456
Profit and loss
2,780,313
Total deductions
Balance
Total
126,270,453 103,628,137
Total
126,270,453 103,628,137
a Road franchises and equipment (including leasehold estate), $88,539,433 in
1911, includes investment to June 30 1907, 881,873,241; investment since June 30
1907, $7,106,604; less reserve for accrued depreciation, $440,412.
b Includes in 1911 securities of proprietary, affiliated and controlled companies,
pledged, $3,782,856, and unpledged, $2; also securities issued or assumed, pledged,
$23,042,000.
c Other investments include in 1911 physical property, $164,900; securities
pledged, $1, and securities unpledged, $504,994.-V. 93, p. 283.
Toronto Railway Co.
(Report for Fiscal Year ending Dec. 31 1911.)
Pres. Sir William Mackenzie says in substance:
-The passenger earnings, $4,800,467, show an increase of $464,Results.
098 over 1910. The various expenses for operation, maintenance, &c.,
amounted to $2,653,362, or 55.2% of said earnings. The payments to
the city aggregated $822,233, being an increase of $94,753, or 13.02%.
Additions, &c.-Expendtture on capital account amounted to $1,113,868.
The works referred to a year ago were completed, and as a result better
car-housing facilities now exist at our Lansdowne Ave. car house; the rolling
stock has been increased by the addition of about 100 double-truck cars.
Track and overhead construction upon various streets has been completed,
which has enabled the company to change the routing of several of its lines
thus relieving some of the congestion in the downtown districts.
Purchase.
-Pursuant to authority, the directors subscribed for and purchased at par $2,000,000 capital stock of the Toronto Power Co., Ltd.
(V. 93, p. 1328.)
New Stock.
-The shareholders on Aug. 14 authorized an increase in the
capital stock by $4,000,000, and there was offered for subscription to the
shareholders of record on Aug. 25 1911, at par, $2,000,000 of the new stook.
(V. 93, p. 230, 470.)
-Under terms of the mortgage of 1892, the comSinking Fund Begins.
pany is obliged to redeem by drawings annually 5% of the outstanding
bonds. The first drawing was for payment on Aug. 31 last; of the amount
drawn ($168,693), there was presented to Dec. 31 $133,413. (V.03, p.409.)
Dividends.-The directors declared out of the accumulated surplus earnings a stock bonus dividend of 12 M%, which was paid to shareholders of
3
record Aug. 25 1911. They also declared two quarterly dividends of 1 4%,
which were paid April 1 and July 1, and two quarterly dividends of 2%,
payable Oct. 11011 and Jan. 2 1912. (V.93, p. 470, 732.)
-The earnings of the Toronto & York Radial By.
Controlled Company.
Co. continue to show very satisfactory increases-the gross Income amounting to $449,059, an increase of $49,443, or 12.3%, while the surplus earnings, after providing for all bond and loan interest, &o., was $63,266, an
Increase over the previous year of $7,268.
-The Toronto Power Co., Ltd., the
Control of Toronto Electric Light Co.
capital stock of which company is owned either directly or indirectly by
the Toronto By. Co., purchased during the year over 99% of the $4,000,000
paid-up capital stock of the Toronto Electric Light Co., which for eleven
years has paid dividends ranging from 7% to 8%. During the past five
years the dividend has been 8%. The company's accumulated surplus Is In
excess of 51,500,000. (V. 92, p. 1041; 1373; V. 93, p. 168, 414, 1328.)
STATISTICAL STATEMENT FOR YEARS 1902-1911.
1902.
1904.
1906.
1910.
1908.
1911.
$
Gross inc.. 4,851.541 4,377,116 3,610,273 3,109,739 2,444,534 1,834,908
Net earns..2.198,180 2,139,928 1,721,226 1,463,224 1,020,355 819,547
RESULTS FOR CALENDAR YEARS.
1911.
1910.
1909.
120,997,844 109,415,264 98,117,991
Passengers carried
48,730,671 42,630,750 38,151,596
Transfers
$4,851,542 $4,377,116 $3,926,828
Gross earnings
2,237,188
1.995,914
Operating expenses__ _ _ 2,653,362
1908.
89,139,571
32,700,576
$3,610,273
1,889,047
*2,198,180
Net earnings
$198,554
Interest on bonds, ,lec....
687,650
City's percent. on earns_
50,120
General taxes
•(7%)671,159
Dividends paid
84,403
Cost of paving
Contingent account
$2,139,928
$201,288
596,297
48,142
(7)560,000
83,041
$1.930,914 $1,721,226
$198,250
$195,033
507,827
447,398
50,326
50,439
(7)560,000 (6)479,514
82,128
81,158
150,000
150,000
$1,691,946
$506,234
$1,488,768
*651,160
$1,548,532
$382,382
Total
Surplus
485
THE CHRONICLE
FEB. 17 1912
$1,403,542
$317,685
ties, $28,159; rails, rail fastenings and joints, $62,212; paving, $52,717; track-laying
and surfacing, $52,709; distribution system, $67,889, &c.; (b) equipment, $717,139;
(c) general expenditures (net), $39,355.
There was also expended on the Rapid Railway System $144,548, on the Detroit
Monroe & Toledo Short Line Ry. $74,004 on the Detroit Jackson & Chicago Ry.
$149,700 and on Sandwich Windsor & Amherstburg Ry. $45,057.
Funded Debt.
-$140.000 Detroit Suburban Ry. Co. bonds due Jan. 1 1911 were
paid and retired and an equal amount of Detroit United Ry. 4;
,
6% bonds were taken
out of escrow and are held in the treasury.
The balance of the collateral trust notes,amounting to $1,500,000, and maturing
Jan. 11912, is to be paid out of the proceeds of the sale to stockholders of Detroit
United Ry. 4%% bonds.
Depreciation, &c.
-During the year the company made liberal expenditures for
the maintenance of its tracks, rolling stock and other properties. On Jan. 1 1911
the depreciation reserve stood credited with $1,379,627. Depreciation of 8400,000
has been charged against the income for the year, of which $250,000 has been applied
as a direct reduction of investment account because of cars replaced, and the balance
of $150,000 added to the reserve.
Track.
-There has been added to the system during the year 18.654 of miles of
track-Detroit United Ry., 14.262; Rapid Ry. system, 1.375; Det. Monroe & Tol.
Short Line Ry., 1.279; Det. Jack. & Chic. Ry., 1.162; Sandwich Win. & Amh. Ry.
.576-making the total number of miles in operation, including side and yard
tracks, Dec. 31 1911, 777.292.
Cars, &c.
-The company's rolling stock consists of 1,200 closed passenger cars.
284 open passenger cars, 232 freight and construction cars, 35 line cars, 61 express
cars, 12 miscellaneous cars, 2 locomotives, 3,344 motors and 2,556 trucks.
There are 11 power houses with a combined capacity of 47,590 h.p., 2 storage batteries with a combined capacity of 4,500 amperes and 23 sub-stations with a combined capacity of 20,850 k.w.
TRAFFIC STATISTICS FOR CALENDAR YEAR 1911.
PassengersD. U. By. R.R. Sys. 5. W.& A. D.M.dcr. D. J. &C.
Revenue
168,088,543 5,863,603 3,543,765 2,018,646 3,098,229
Transfer.
31,967
52,797,831
23
335,803
487,255
Employee
116,292
6,508,653
52,777
282,438
23,828
Total
227,395,027 6,481,844 4,054,848 2,071,946 3,246,488
Receipts
Revenue per passenger._
.0468c.
.2065c.
.1577c.
.1106c.
.0542c.
All passengers
.0346c.
.1001c.
.2012c.
.1505c.
.0473c.
Car mileage
31,570,639 2,479,569
911,109 1,264,424 2,054,492
Per Car Mile
.2588c.
Earnings
.3156c.
.2188c.
.3912e.
.2936c.
.1654c.
.2058c.
Expenses
.1096c.
.2162e.
.2385c.
.0934c.
.1098c.
Net earnings
.1092c.
.1527c.
.0774c.
COMBINED RESULTS FOR CALENDAR YEARS.
(Detroit United By., Rapid By. System, Sandwich Windsor & Amherstburg Ry.,
Detroit Monroe & Toledo Short Line and Detroit Jackson & Chicago Ry.)
1911.
1910.
1909.
1908.
No_182,612,786 165,920,753 142,981,316 126,668,968
Revenue passengers
No. 53,652,879 48,237,720 41.629,844 36,622,490
Transfer passengers
6.983,988 6,379,538 5,770,881
Employee passengers
No
5,472,416
5.26 cis.
Receipts per revenue passenger__
5.29 eta.
5.28 eta.
5.25 eta.
Car mileage
38,280,233 36,170,644 32,699,206 30,111,196
Gross earnings per car mile
26.78 eta. 25.89 eta. 24.61 eta. 23.62 eta.
Net earnings per car mile
9.60 eta.
9.30 eta.
9.19 as.
8.48 eta.
Gross earnings
$10,253,134 $9,345,219 $8,047,555 $7,114,760
Operating expenses
6,580,012 5,981,065
5,042,724 z4,559,123
Net earnings
Other income
$3,673,092 $3,364,154 $3,004,8.31 $2,555,637
144,833
152,768
64,957
178,813
Total net income
Deductions
Interest on bonds, taxes, Ste _ _
Dividends (5%)
Depreciation charged off...
Contingent liability reserve
$3,851,905 $3,516,922 $3,149,664 $2,620,594
$2,123,398 $2,030,622 $1,880,129 z$1,618,666
625,000
400,000
300,000
400,000
400,000
100,000
100,000
50,000
$3,198,308 $2,530,622 $2,380,129 $1,968,666
Total deductions
$651,928
$703,507
$769,535
Surplus income
$986,300
•lx Operating expenses in 1908 include taxes, which are now being included in
"interest on funded and floating debt and taxes."
charges in the item of
BALANCE SHEETS DECEMBER 31.
-Detroit United Ry.- R.R.Sys. S.W.&A. D.M.&T. D.J.&C.
1911.
1911.
1911.
1911.
1910.
1911.
s
Assets$
$
$
$
$
38,375,435 37,177,556 5,447,331 1,045,114 5,362,949 4,301,996
Investment
70,931
Sink. Id. investml
554,141
4,037
1,395
842
487,196
2,229
Stores
Prepaid accts.,&c..
39,764
8,935
Treasury bonds_ ..a3,735,000 2,717,000
5,000
Stocks owned....b2,983,133 82,983,133
el0,000
Other accounts_ ...c1,268,585
814,834
17,009
Accts. receiv., &c_
440,221
802
75,125
Cash
82,802
73,277
823
Accident fund....
84,339
15,000
15,000
Total assets__ ..47,089,222
Liabilities
12,500,000
Capita stock
Mortgage bonds _24,411,000
Depreciation fund 1,529,627
Current liabilities_ 3,501,701
120,949
Miscellaneous __
120,454
Insur., &c., fund_
Sink. fund reserve
Canting. Habil. res. 400,000
Due Det. Un. Ry_
614,505,491
.
Surplus
44,708,218 5,491,132 1,075,143 5,372,726 4,464,495
12,500,000 2,000,000
23,333,000 2,890,000
1,379,627
2,680,996
20,775
109,604
30,140
74,884
297,000 2,581,000
25,000
490,000 2,581,000 4,000,000
6,291
3,438
2,635
87,776
30,345
533
70,931
180,381
280,255
400,000
550,217
4,230,107
257,732
18,097
Total liabilities_47,089,222 44,708,218 5,491,132 1,075,143 5,372,726 4,464,495
Tecumseh Electric Ry., all of whose
Note.
-The balance sheet of the Windsor
stock Is owned by the Sandwich Windsor & Amherstburg Ry., shows: Assets
Investments, $306,009: and liabilities-stock, 6100,000; bonds, $189,000; due
S. W. & A. Ry., $17,009.
a Includes treasury bonds: Detroit United Ry., $2,898,000; Detroit & Port
Huron Shore Line Ry., 8125,000; Detroit & Lake St. Clair Ry., $100,000; Detroit
Jackson & Chic. Ry., $515,000; Detroit Monroe & Tol. Short Line Ry., 897,000.
b Includes stocks owned: Detroit & Port Huron Shore Line Ry., $1,540,278;
Sandwich Windsor & Amherstburg Ry., 3253,135; Detroit Monroe & Toledo Short
Line Ry., $1,027,172; Detroit Jackson & Chicago Ry., $25,000; Monroe Piers &
Park Resort, $24,409; Newport Stone Co., $5,000; Electric Depot Co., $77,681;
River Rouge Ry., $25,000; Anchor Bay Salt Co., $5,000, and treasury stock, $459.
c Includes Rapid Ry. System, $550,217; Detroit Monroe & Toledo Short Line
Ry , $180,381; Detroit Jackson & Chicago Ry., $280,255; Sandwich Windsor & Amherstburg Ry., $257,732.
d After deducting $424,241 discount on gold notes and bonds and $3,883 miscell.
e Consists of W. & T. E. Ry. stock, $10,000.-V. 94, p. 416, 278.
" Also a stook dividend of 12 ;.6% ($1,000,000) paid out of accumulated
surplus to holders of record Aug. 25 1911 (V.93, p. 230, 470).
BALANCE SHEET DECEMBER 31.
1911.
1910.
1911.
1910.
Assets$
$
10,968,383 8,000,000
Road, equip., real
Capital
est., bldgs., &c..17,787,925 14,674,057 Bonds outstand'g.. 3,829,633 3,998,327
70.000
70,000
Advances to subMortgages
National Biscuit Company.
932,360 1,590,457 Accrued interest__
67,206
69,743
sidiary cos
315,584
254,526
212,963 Acc'ts & wages_
Stores on hand. __ 303,255
(Report for the Fiscal Year ending Jan. 31 1912.)
419,519
08,994
313,746 Unredeem. tickets 112,846
Avila receivable
1910-11.
1909-10.
1908-09.
1911-12.
467,152
121,667
304,073 Accr.s.f.Tor.P.Co_
122,665
Cash .......
$4,673,469 $4,619,460 $3,978,576 $3,896,610
84,500 *Net profits
203,673
Injuries fund
(9)2,631,240 (6)1,754,160 (6)1,754,160(6)1,754,160
140,000 Common dividend_
217,153
Dividend
1,736,315
1,736,315
1,736,315
1,736,315
637,870 ,Preferred dividend (7%)
877,173
Renewal reserve
Profit and loss__ z3,125,894 3,619,660
$305,914 $1,128,985
$488,101
$406,135
Balance, surplus
19,910,211 17,005,296
*After deducting $300,000 yearly for depreciation.
Total
Total
------19,910,211 17,095,296
BALANCE SHEET JANUARY 31.
z After deducting $1,000,000 stock cliv.-see above.
1911.
1912.
-V. 94, p. 417.
1911.
1912.
Liabilities$
$
Assets
Detroit United Railway.
Preferred stock_ ..24,804,500 24,804,500
Plants, real estate,
Common stock_ _29,236,000 29,236,000
mach., pats.,&c.
(Report for Fiscal Year ending Dec. 31 1911.)
53,159,201 Accounts payable_
415,633
519,811
(less deprec'n)..53 46,18-I
11,546,545 11,240,631
Cash
The report of President J. C. Hutchins, presented at the Stocks & securities :.,723,369 4,345,642 Surplus
784,142
764,733
annual meeting on Feb. 6, says in brief:
Accts. receivable_ 2,960,993 2,924,276
Additions.
-There has been expended on capital account during the year and Raw mat.,sup.,&c 5,089,399 4,587,681
charged out under the head of "Additions and Betterments" $1,447,879, as follows:
66,002,678 65,800,942
Total.
60,002,678 65,800,942
Total
(a) On road account, $691,384, including, chiefly, land used in electric railway operations other than for right of way, $168,453; grading, $48,929; ballast, 850,816; -V. 93, p. 1326.
486
THE CHRONICLE
Cambria Steel Co.
(Report for Fiscal Year ending Dec. 31 1911.)
The report will be found at length on subsequent pages.
Below we give comparative income account and balance
sheet for several years.
EARNINGS,EXPENSES, CHARGES,ETC.
1911.
1910.
1909.
Net earns,from operat'n $3,492,789 $5,230,930 $2,421,610
Rents, investments, &e_
125,545
230,405
908,239
1908.
$1,139,729
1,067,691
Total net income__ $3,618,334
Extraord. replacements_
369,588
$5,461,335
514,529
$3,329,849
405,571
$2,207,420
315,571
$3,248,746
$4,946,806
$2,924,278
$1,891,849
471,407
393,474
x386,191
$2,400,000
$377,339
$4,440,039
$113,294
$2,500,000
$38,087
Fixed chgs. under Cambria Iron Co. lease...
z398,093
Balance
$2,777,339 $4,553,333 $2,538,087 $1,493,756
Deduct
Dividends
(5)2,250,000 (5)2,250,000 (4)1,800,000 (3)1,350,000
General depreen fund._
150,000
100,000
500,000
100,000
Betterm't & improv't fd.
2,090,039
200,000
Total deductions
Surplus
$1,450,000
$43,756
x Includes also Incidentals in these years.
BALANCE SHEET DEC. 31.
1911.
1910.
1911.
Assets$
Liabilities$
s
Leasehold estate*_33,090,305 33,090,305 Capital stock
45,000,000
Plant additions _16,067,800 14,636,944 Term notes
2,000,000
Equip't additions_ 1,214,377 1,188,724 Gen. deprec. fund. 4,000,000
Real estate
422,932
424,892 Res. for blast furSundry securities_ 1,592,210 1,594,110
89,581
nace re-lining.._
Inventory account 11,192,071 10,467,502 Betterment & imCash
603,092
provement fund.11,690,039
655,464
Accts. receivable_ 3,695,814 3,139,776 Accts.pay.,Incl.div. 2,407,742
Bills receivable_ _ _
02,865
93,682 Profit & loss acct. 2,784,104
Total
67,971,466 65,291,398
Total
1910.
$
45,000,000
3,850,000
11,690,039
2,337,219
2,414,090
67,971,466 65,291.398
*Property, works, coal, ore lands, &c., subject to payment of $338,720 annual
rental under Cambria Iron Co. lease for 999 years, being 4% on $8,468,000 Cambria
Iron Co.'s stock.
-V.92, p. 1567.
[VoL, Lxxxxnr. •
of the petition, at 80 cts. per 1,000. The company has since obeyed that
order (V. 93, p. 348).
On Oct. 31 1911 the city, assuming to represent all gas consumers, filed a
bill in chancery in the same Circuit Court, before another judge, in which it
claimed that the Circuit Court was wholly without jurisdiction, power,
right or authority to hear or act on the petition first filed by this company;
and the judge to whom the matter was presented, in effect, so held and
issued another injunction restraining this company from charging more
than 80 cts. per 1,000, and, in adddtion ordered the impounding of the-difference between 80 cts. and the rates fixed in the ordinance of July 17 1911.
From this order the company at once appealed to the Appellate Court for
the First District, and that appeal is now pending (V. 93, p. 1606).
In view of the city's construction of the Illinois statute (under which
this company filed the first petition) and of the ruling that was made on the
city's application under its bill in chancery, this company filed a new and
independent bill in chancery In the U. S. Circuit Court, setting up that the
rates specified in the ordinance of July 17 1911 were unjust and confiscatory.
The answer of the city is due early in February 1912, and when filed that
cause will then be ready for the introduction of proof in support of the
company's case.
New Officer.
-During the year C. K. G. Billings tendered his resignation
as a director and chairman of the board, and Mr. James F. Meagher, long
connected with the company, was elected as his successsor.
Improvements.
-During the year over 107 miles of mains, in extension of
the system, were laid, largely in completion of the system designed to regulate the distribution and pressure of gas. We believe we may say that as
a result of the large expenditure made in Installing this regulating system
that gas is now delivered under a more even pressure by this company than
In any other large city in the world.
Statistics1911.
1910.
1900.
1908.
Mlles of street mains...
2,568
2,676
2,484
2,366
Meters
,.
545,773
522,536
496,615
469,084
Gas stoves
328,824
305,279
279,080
254,362
Public lamps
18,190
17,630
18.080
21,085
Arc lamps
88,033
87.261
84,335
75,025
Gross receipts
$15,896,286 $15,530,349 $14,561,580 $13,738,970
Operating expenses.... 9,538,758
9,324,506
8,504,597
8,222,625
Net earnings
Interest on bonds
Charged off
$6,357,528
$2,059,300
1,175,647
$6,205,843
$1,982,633
1,968,878
$6,056,092
$1,909,300
1,034,588
$5,516,345
$1,884,300
876,351
Total
$3,234,947 $3,051,511 $2,943,888 $2,760,651
Balance for dividends
$3,122,581 $3,151,332 $3,113,104 $2,755,694
Dividends(%)
(7)2,450,000 (7)2,450,000(6 4)2332036 (6)1,978,146
Surplus for year
$672,581
$704,332
$781,067
$777,548
BALANCE SHEET DECEMBER 31.
1911.
1910.
1911.
1910.
AssetsLiabilities$
$
$
$
The Chicago Junction Rys. it Union Stock Yards Co.
Real est., franch's,
Capital stock__ ..35,000,000 35,000,000
tunls,mains,&c.84,926,237 82,699,338 Mortgage bonds __40,096,000 40,096,000
(Report for Fiscal Year ending Dec. 31 1911.)
2,073,524 1,468.113 Gas bill deposits... 275,680
Materials
259,615
128,459
128,459 Accounts payable_ 1,432,145 1,271,536
President Frederick H.Prince,Boston, Feb. 13 1912, wrote: Securities
Accts. receivable_ 1,092,553 1,010,087 Coupons past due_ 292,710
295,155
Statement of Live Stock and Car Receipts for Years ending Dec. 31.
coup. depos's 292,710
Bond
295,155 Bond interest acGas bills receivable 975,263
990,993
crued
Calves.
Hogs.
389,525
Cattle.
Sheep.
389,525
Horses.
Cars. .
52,535
52,227 Deprec. & reserves 2,734,676 2,029,195
1910
5,586,858 5,229,294
3,052,958 499,941
83,439 251,080 Other bills receiv_
3,475,317 4,819,934 Surplus
1911
7,103,360 5,736,244 104,545 271,660 Cash ...
12,795,862 12,123,280
2,931,831 521,512
Total
..93.016,.598 91,461,308
Inc. or deo -121,127 +21,571 +1,516,502 +506,950 +21,106 +20,580
Total
93,016,598 91,464,306
-The securities, 6128,459, owned as above, consist of miscellaneous bonds,
Note.
The statement of the combined earnings of the Chicago Stock Yardsand
of the Chicago Junction Railways Co. for the year 1911 shows an increase $60.500; Green Street property, &c., 567,959.-V. 93, p. 1606.
In gross earnings of both companies of $286,929 and a decrease In net earnings of $47,793.
During the year the work on the elevation of tracks, which has been in
progress for some years past, has been entirely completed. The total sum
expended for this account has been provided out of earnings, and amounts •
to $997,765.
RAILROADS, INCLUDING ELECTRIC ROADS.
The sum of $2,043,735 represents the income of your company for 1911.
Aberdeen & Asheboro Ry.-Merger.-See Raleigh Char[As to acquisition of common shares by Chicago Stock Yards Co., see
V. 93, p. 348, 591, 874.
-Ed.]
lotte & Southern Ry. below.
-V.
p.
GENERAL XNVESTMENT NEWS
COMBINED EARNINGS OF STOCK YARDS CO. AND CHICAGO
JUNCTION R Y.
1908.
1911.
1909.
1910.
Gross earnings
$5,577,938 $5,291.009 $5,057,981 $5.202,471
2,909,487
Expenses, int. and taxes 3,475,638
3,012,547
3,140,917
Net earnings
Balance from prey. yr
•Divs. from investm'ts,
• int. on deposits, &c
$2,102,300 $2,150,092 $2,148,404
INCOME ACCOUNT.
1909.
1910.
1911,
$2,449,673 $2,141,437 $1,843,943
$2,189,924
1908.
$1,545,327
2,043,736
2,008,809
1,978,391
1,914,489
$4,493,409
• Total
Payments
$47,658
General expenses, &e
762,846
Interest
Common dividend (8%)
520,000
390,000
Pref. dividend (6%)
$4,150,246
$3,822,334
$3,459,816
$47,871
742,702
520,000
390,000
$50,727
720,170
520,000
390,000
$45,873
660,000
520,000
390,000
$1,720,504
$2,772,905
$1,700,573
$2,449,673
$1,680,897
$2,141,437
$1,615,873
$1,843,943
Total
Surplus to bal. sheet
• Chiefly or wholly from Union Stock Yards & Transit Co. and Chicago
Junction Ry.
BALANCE SHEET DECEMBER 31.
1911.
1911.
1910.
1910.
Liabilities$
Assets3
$
s
Investment acct _30,881,726 30,171,261 Stock,common__ 6,500,000 6,500,000
Cash
669,890 Stock, preferred__ 6,500,000 6,500,000
448,674
Accts. receivable_
15,660,000 15,455,000
83,951
40,427 Bonds.
Mtge. trust acct..
93,225
1,741
1,780
93,225 Dividends unpaid_
Coupon acct
255,476
258,816 Accrued interest... 330,947
320,198
Dividend account_ 229,241
229,280 Dividends declared 227,500
227,500
Miscellaneous
801
252 Inc. & exp. acct._ 2,772,905 2,449,673
31,993,0)4 31,463,151
Total
-V. 93, p. 1383.
Total
31,993,094 31,463,151
People's Gas Light & Coke Co., Chicago.
(Report for Fiscal Year ending Dec. 31 1911.)
Pres. Geo. 0. Knapp,Chicago, Feb. 10 1912, wrote in brief:
Earnings.
-The gross earnings for the year were $15,896,286; for 1910
they were $15,530,349. The balance, after interest charges, was for the
• late year equal to 8.92% on the capital stock. After payment of 7% in
dividends, a surplus of $672,581 remains.
The rate for gas charged during the year up to Aug. 7 1911 was 85 cents
per 1,000, with the usual penalty for non-payment when due. Beginning
Aug. 7 1911 the rate has been 80 cents per 1,000, pursuant to orders of the
Circuit Court of Cook County.
Rates-Litigation.
-In the report for 1010 reference was made to the
fact that the City Council, through its experts and accountants, were engaged in investigating the cost to this company of manufacturing and distributing gas, also the value of its property, &c., as a preliminary to fixing
the rates to be charged for gas for the ensuing five years. The report of
these experts and accountants made in April 1911 (V. 92, p. 1114) was evidently unsatisfactory to the city administration elected in April 1911 (V.92,
P. 960). Another report, made by a person not theretofore connected with
the matter, who recommended a lower rate than contained in the first report, was submitted to the City Council and adopted July 17 1911, fixing
the rate for the first year at 75 cts., during the 2d and 3d years at 70 Ms.
and during the last two years of said 5-year period at 88 cts. per thousand
(V.93, p.233, 349).
The company on July 31 1911 filed its petition in the Circuit Court of
Cook County alleging that the rates so fixed were unjust and unreasonable,
and asking the Circuit Court to review the same. After argument and hearng a judge of the Circuit Court fixed the rate, pending final determination
93,
1460.
Atchison Topeka & Santa Pe Ry.-New Mortgage.
-Application has been made to the Kansas RR. Commissioners
for authority to issue $18,000,000 4
50-year bonds, secured by a mortgage on the California Atchison & Santa Fe
Ry., which was recently incorporated, with $50,000,000 authorized stock, to take over the line from Mojave to the
Needles (formerly leased from the Southern Pacific, but
lately purchased), and other lines, and to build extensions
in Southern California and Texas. Compare V. 94, p. 67.
The new bonds will not, it is stated, contain a convertible feature. A
part of the proceeds of the bonds will, it is said, be used for improvements
on the Needles-Mojave line, which will be double-tracked most of the way.
-V. 94, p. 67.
British Columbia Electric Ry., Ltd.
-Guaranteed Debenture Stock.
-The company offered for subscription at 96 in
London on Jan. 16 £800,000 43,4% perpetual guaranteed
debenture stock of the Vancouver Power Co., Ltd., guaranteed unconditionally, as to principal and interest, by the
British Col. El. Ry. Co., Ltd. Int. J. & J. 2. Preceded
only by certain 43% 1st M. debentures of the Power Co.,
£200,000 auth., £10,800 redeemed, £101,800 exchanged for
deb. stock of the railway and £107,400 held by public.
Digest of Official Statement.
The railway company has an issued capital of £3,000,000 (£1,000,000
each of preference, preferred ordinary and deferred ordinary stock), having
a current market value of £3,715,000 [also has outstanding £226,000
1st M. 454% debs. and £1,930,000
% perpetual consol. deb. stock,•
V. 90, p. 625.-Ed.j. The Vancouver Power Co., Ltd., has a share capital
of $7,000,000, wholly paid up and owned by the railway.
The Railway Co. was Incorporated in 1897 and carries on an electric
railway,light and power business in Victoria, Vancouver, North Vancouver, New Westminster, Steveston and Chililwack, and tributary districts
in British Columbia. On Deo. 31 1911 it was operating over 232 miles of
fully-equipped electric railway and had 644,888 lamps connected with its
lighting system, and 1,554 customers consuming its power for industrial
purposes. For the year ending June 30 1911 46,541,448 passengers were
carried, an increase over the preceding year of 12,064,644.
The electrical energy utilized by the Railway Co. on the mainland is
generated by the Vancouver Power Co., which owns a magnificant hydroelectric power plant, the water for which is taken from Lake Buntzen and
Lake Coquitlam, two large lakes situated 419 ft. above the power house.
The power house is about 16 nines from the City of Vancouver and 11 miles
from Now Westminster. The Railway Co. has a steam plant as a reserve.
The hydro-electric plant was originally installed in 1003 with a capacity
of 20,000 (electric) h. p., subsequently increased to approximately 42,000
h. p.; the capacity now is being increased to about 82,500 h. p. To accomplish this a higher dam at Lake Coquitiam Is being constructed. The present issue is made mainly to provide for the cost of the above works, to extend the electric generating plant and the distributing system, ho.
Net Earnings of Railway Cc.- Years End.June 30.-(1011-12 Partly Est.)
(Including income from holdings in Power Co. and other subsidiaries,
also sale of bonus land, but before providing for renewals or maintenance.)
1904-05 1905-06 1006-07 1907-08 1908-09 1909-10 1910-11
11-12
•£
Net earn. 92,027 127,668 166,553 211,591 226,802 273,289 379,129 481,042
Estimated London charges and capital amortization charge
25,000
Int. on bonds and debentures of Railway Co. at present outstanding
(£101,457), and int. on present issue (£34,000)
135,457
Leaving for renewals, dtvs, on share capital, &o
323,585
Dividends on deferred ordinary stook: Year 1904-05, 6%; 1905-06, 6%:
1906-07. 7
-V.04, p. 205.
.; since, 8% yearly.
FEB. 17 1932 ]
4S7
THE CHRONICLE
-Favorable Transfer Decision. J. P. Morgan & Co. and the First National Bank. The reBrooklyn Rapid Transit Co.
-The Court of Appeals at Albany on Feb. 13 held that the port, while not confirmed, was generally believed to be
Brooklyn Queens County & Suburban RR. is not required correct.
It is said, are to be used to complete
to give a transfer ticket for a continuous ride for 5 cents over of The proceeds,between New York and Chicago, to costthe double-tracking
about $20,000,000.
the main line
its lines from Brooklyn to Jamaica.
about 190 miles to be laid on the Chicago & Erie division and about 120
The Court answers in the negative the question whether the consolidation
of adjacent places into Greater New York imposed on surface railroad
companies the obligation of carrying a passenger for a single fare over a
route embracing adjoining territories within the greater city; also with the
consolidation of two roads serving the territory in question 'did not impose
on the new corporation the obligation to transport over the combined lines
of both for a single fare." The section of the railroad law, it is stated, did
not have "in contemplation such a vast and radical change in existing condi-V.94, p. 416, 349.
tions as was caused by the creation of the new city."
-Merger.
-See Raleigh CharDurham & Charlotte RR.
-V. 93, p. 1461.
lotte & Southern Ry. below.
-Listed.
-The N. Y. Stock
Chicago & Eastern Illinois RR.
Exchange has listed $1,350,000 additional general consolidated and 1st M. 5% bonds due 1937, making the total
amount listed $21,085,000.
Purposes for which 51,550,000 Bonds Listed have been Used.
For new equipment on additional mileage constructed and ac_ $1,203,000
quired (171.86 miles) at $7,000 per mile _
For additional single-track Constructed between Bismarck and
35,000
Starr, III. (1.95 miles), at $18,000 per mile
For additional second track at *8,000 per m. on 10.52 m. (Bismarck to Starr, Ill., 1.95 in.; Newport to Hillsdale, Ind., 7.71
84,000
m., and at Thebes, Ill., .86 m.)
28,000
To retire underlying bonds _
-For 5 months ending Nov. 30:
Earnings.
Balance
Interest
Operating Net Oper.
Taxes
Other
Five
Rentals. for Stock.
Paid, Income.
MRevenue. Revenue.
$1,559,444 $772,087
$2,125,815 $192,500
_
1911-----$6,80127_
6,614,072 2,170,734 207,200 -------1910
Dividends on the pref. stock call for about $232,000 for the 5 months.
-V. 04, p. 206, 122.
Chicago & Milwaukee Electric Ry.-Receiver's Certificates.
-Kenneth Cowan & Co., Chicago, have purchased from foreign interests the $1,000,000 6% receiver's certificates of
the Chicago & Milwaukee Electric Ry. Co., which were authorized and issued in 1908 by order of the U. S. Circuit
Court of the Eastern Dist. of Wisc. as a prior lien or charge
against the Wisconsin division, operated between Evanston,
Ill., and Milwaukee, Wisc.-V. 94, p. 349, 206.
-The
Chicago & North Western Ry.-Equipment Notes.
company has applied to the Railroad Commissioners of Nebraska and Wisconsin for permission to issue $10,000,000
equipment notes. The notes will, it is stated, not be put out
for several months. The directors will authorize the issue
-V. 94,
when the Commissions give permission for the sale.
p. 416, 350.
Chicago St. Paul Minneapolis & Omaha Ry.-Sale of De-Kuhn, Loeb & Co., New York, offered on Feb. 10
bentures.
at 105%, yielding 4.55% on the investment, $5,000,000
of the recently authorized issue of $15,000,000 5% debenture
gold bonds, due Mch. 1 1930. Int. payable M. & S. Par
$1,000(c*&r*). The bankers have sold the entire $5,000,000
but their advertisement, published for purposes of record,
will be found on another page of this issue of the "Chronicle."
Statement by President W. A. Gardner, New York, Feb.8 1912.
These bonds will be part of an authorized issue of $15,000,000 bonds, of
which the remaining $10,000,000 bonds are reserved to be issued for enlargement, extension, betterment or additions, or for additional equipment.
It will be provided in the trust indenture that no increased mortgage
debt, except for the enlargement or extension of the property, shall oe created or issued without making provision to give these bonds equal security with such additional bonds secured on the same property.
The net income of the company for the fiscal year ended June 30 1911,
after payment of all charges, amounts to $4,833,220, while the fixed charges,
rentals, &c., for the same period amount to $2,016,835, leaving a surplus
applicable to dividend on the share capital of $2,816,385. The interest on
the present issue of debentures amounts to only $250,000.
These bonds will be dated March 1 1912 and will mature March 1 1930.
Both principal and interest will be payable in gold without deduction for
any taxes which the company may be required to pay or to retain therefrom
under any present or future laws of the United States or of any State.
county or municipality therein.
The issuance of these *5,000,000 bonds has been approved by the Railroad Commission of Wisconsin and by the Nebraska State Railway Commission. Application will be made to list these bonds on the N. Y. Stock
-V. 94, p. 278.
Exchange.
-Bonds Called.
-One
Chicago & Western Indiana RR.
hundred and three ($103,000) general mortgage bonds of
1 at 105 and interest, at the
1882 for payment on March
-V. 93, p. 1668.
office of J. P. Morgan•& Co.
Chesapeake & Ohio Ry.-New Officers.
F. H. Davis has been elected a director to succeed the late Edwin Hawley, and also a member of the executive committee. 11. E. Huntington
also becomes a member of the executive committee in place of Theodore
-V.03, p. 1385.
P.Shonts, who resigned, but remains a director.
Decision.
-The Ohio Supreme Court on Feb. 13, reversing
the decision of the Circuit Court of Fairfield Co., overruled
the company's contention that, under the terms of the Valentine Anti-Trust Law, the Attorney-General only, and not
the local prosecuting attorneys, can bring a quo warrant°
suit to oust a foreign corporation from the State. The case
now goes back to Common Pleas Courtfor trial on the merits.
The suit was brought by the State on relation of Prosecuting Attorney
Courtright of Fairfield County in the courts of that district against the
C. & 0., Toledo & Ohio Central, Hocking Valley, Kanawha & Michigan.
Zanesville & Western and Lake Shore 4; Michigan Southern Ry. The
C. & 0. refused to enter an appearance solely for the purpose of making a
motion to quash the summons, and declined to put in a general appearance.
The Circuit Court held that the C. &0. is exempt from the necessity of defending itself in the Fairfield County suit. The Supreme Court sustains the
State's contention that the prosecuting attorney of each county is empowwill h violates
ered to bring suit In quo warrant° against any corporatl
-V. 03, p. 1335.
the Anti-Trust law.
-It is reported that the interests in conNot to Purchase.
trol of the C. & 0. have given up the idea of taking over the
Pere Marquette RR.
-V. 93, p. 1385.
Erie RR.
-It was reported this week
-New Note Issue.
that the company will shortly sell $10,000,000 2 or 3-year
5% notes, which will be offered through its fiscal agents,
miles elsewhere.
-V. 93, p. 1259.
-Listed.
-The N. Y.
Fort Smith Light & Traction Co.
Stock Exchange has listed $2,645,000 1st M. 5% bonds,
due 1936, with authority to add $55,000 additional on notice
of sale, making the total amount listed $2,700,000.
The $2,645,000 bonds were used to retire all bonds and notes previously
outstanding and to Increase working capital, the $55,000 being Lssuable
for 75% of the cost of betterments, but only when net earnings are 1 times
fixed charges.
Earnings.
-For calendar year:
Calendar
Gross
YearEarns.
1911
_ $550,614
1910 ______
470,232
-V. 02, p. 1636.
Net after
Taxes.
$236,558
203,458
Interest Pref. Divs. Balance,
Surplus.
(7%).
Paid.
$28,582
$71,015
$136,961
-Not stated120,526
Huntingdon & Broad Top Mtn. RR.& Coal Co.-Report.Bond Int. Bal.,Sur.
YearNet.
Gross.
$7,708
*106,190
1911
$113,898
$538,730
55.202
106,190
1910
161,392
672,237
Edward Cadwallader has been elected a director to succeed Samuel
Heliner, who resigned.
-V. 92, p. 590.
Illinois Tunnel Co.
-The U. S. District
-Foreclosure Sale.
Court at Chicago ordered the foreclosure for March 19.
President Frisbie says that it is contemplated that the property will be
reorganized under the plan of consolidation of the Chicago Subway Co.
and allied properties (V.93, p. 038, 939, 1386) and be taken out of receivers'
hands within the next 60 or 90 days.
-V.93, p. 1532.
-The
Kingston & Pembroke Ry.-Bonds Purchased.
$572,000 first preference 3% bonds which matured Jan. 1
last have been acquired by the Can. Pac. Ry.-V.73, p. 1160.
Lake Shore & Michigan Southern Ry.-Notes Renewed.
The issue of $12,000,000 one-year notes maturing March 15
which were placed in London and Paris last year (V. 92, p.
-V. 93,
725), have been renewed for a period of one year.
p. 1786.
London (Ont.) Street Ry.-Report.-For calendar years:
Calendar Year- Gross.
$279,607
1911
256,278
1910 _________
-V. 93.p. 1191.
Net.
$88,870
74,087
Interest.
$28,843
28,750
(8%).Surplus.
Divs.
$24,907
$33,120
12,217
33,120
-Union Freight Depot.
Manufacturers' Railway, St. Louis.
-President Moore announced on Feb. 10 that plans for a
union freight depot and switch yard at Broadway and Miller
St., costing about $2,750,000, had been practically completed and that active construction will begin in the spring.
The plans call for a 10-story freight depot and warehouse on the northeast corner of Broadway and Miller Street, facing Broadway. The building and service tracks to be laid parallel with Miller St. will provide for
the handling of 60 cars. Three trunk lines have, it is stated, signed an
agreement to use the depot jointly with the Manufacturers' Company, thus
-V. 93, p. 105.
assuring the success of the enterprise.
--Report.
Maryland & Pennsylvania RR.
Calendar
Year1911
1910
-V. 00, p.
Gross
Earnings.
$441,396
425,827
1171.
Net (after
Taxes).
$117,420
132,284
Other
Income.
$1,565
1,847
Interest
on Bas., &c.
$08,037
04,374
Balance.
Surlpus.
$20,948
39,757
-Successor
Mid-Crosstqwn Railway Co. of N. Y. City.
-This company was incorporated at Albany on
Company.
Feb. 14 with $500,000 capital stock as a reorganization of the
28th & 29th Sts. Crosstown RR., per plan in V. 93, p. 1790;
V. 94, p. 417, 69.
Directors: John W. Hamer, Horace A. Doan, Charles E. Loxley and
A. Merritt Taylor (the reorganization committee); W. C. Heppenheimer,
Jersey City; Abraham S. Gilbert, 41 Wall St., and Cornelius R. Wright,N.Y.
-The
-New Mortgage Filed.
Minneapolis & St. Louis RR.
company has filed its new refunding and extension mortgage
to the Guaranty Trust Co.of New York, as trustee, to secure
an authorized issue of $75,000,000 bonds (V. 93, p. 1668;
V. 94, p. 279).
W. M.'Wadden of F. H.Prince & Co. Bosttin, has been elected a director
to succeed the late Edwin Hawley, and W. J. Woliman of J. S. Bache & Co.
in place of F. M. Tompkins (who was private secretary to Mr. Hawley),
who resigned. No successor was chosen to Mr. Hawley as Chairman,
and it is reported that the office is likely to be abolished and its duties con-V. 94, p. 351, 279.
solidated with those of President.
Missouri Kansas & Texas Ry.-Trackage Agreement May
-See International & Great Northern RR. in
Terminate.
last week's "Chronicle," p. 416.
Walter S. Crandell, one of the administrators of the estate of the late
Edwin Hawley. has been elected a director, and also as a member of the
executive committee, to fill the vacancy caused by the death of Mr. Hawley.
Henry E. Huntington becomes a director in place of H. J. de Marez Oyens.
-V. 94, p. 416.
of Amsterdam, Holland.
-New Company-Bond
Missouri Oklahoma & Gulf RR.
-This company was incorporated in Oklahoma on
Issue.
Dec. 11 1911 with $20,000,000 capital stock (in $100 shares),
of which $10,000,000 has been issued, and is proposing at
present to build three lines (a) Henryetta, Okla., to Oklahoma City;(b) Wagoner, Okla., to Joplin, Mo. and (c) Denison to Dallas and Fort Worth, Tex. The new lines will form
extensions of the 230-mile road which the Missouri Oklahoma.
& Gulf Railway Co. already has in operation between Wagoner and Denison via Muskogee and Henryetta (see V. 90,
p. 1363).
The new company has filed a mortgage dated Dec. 15 1911
to the St. Louis Union Trust Co. of St. Louis, as trustee, to
secure an issue of $20,000,000 1st M. 5% bonds, limited to
$27,500 per mile, of which the present issue will be $10,000,000. These are the bonds of which $7,500,000 were recently
reported as sold in France. It is expected that they will be
listed on the Paris Bourse.
• • •11:1'.1:1:11 .11 .11 .1
• The interest on the bonds is payable M. & N. and the amount necessary
to:meet the interest!during the construction period and for the firstear of
488
THE CHRONICLE
Lxxxxiv.
operation will be provided out of the proceeds of the issue and during the zation (1)
of an issue of $25,000,000 6% cum. pref. stock,
next two years is guaranteed by the builder of the road. The principal of
the bonds will be redeemed during the 45 years from Nov. 1 1917 to Nov. 1 with preference both as to assets and dividends. Of this new
1961 by drawings at par or by purchases on the market. The contractor stock,$6,000,000 will be reserved
for exchange of the existing
who builds the line will receive in payment $27,500 bonds and $27,500
$6,000,000 pref. stock (which is non-cum., and without
stock per mile. The bonds will cover road, rolling stock, terminals, &o
The articles of incorporation permit of the construction and acquisition of preference as to assets) on terms that are
not yet definitely
roads in any part of Oklahoma or eisewhere,provided they make a continuous
system, including particularly the following mainlines(and branches thei e- fixed, but which will probably require a substantial cash
from), in all some 1,200 miles of road, estimated to cost about $40,000,000 payment from holders who desire the
exchange; (2) an
viz.: (1) Oklahoma City easterly to Henryetta, thence southerly (embracing
the present Missouri Oklahoma & Gulf Railway) to and across the bridge issue of $10,000,000 10-year 5% debentures, convertible into
for foot passengers and railroad over the Red River. and thence both this new pref. stock at any time after next year. Theseldesoutheast and southwest through the State of Texas to the Gulf of Mexico;
(2) Henryetta, northerly and northeasterly via Wagoner on the present bentures, it is stated, have all been disposed of.
"railway" and through the counties of Mayes, Delaware, Craig and AIlaws
Further Particulars from Authoritative Statement.
In Okla.,and across the States of Missouri and Kansas to Kansas City, Mo.
The proceeds of these $10,000,000 debentures will be used for (a) The
The directors are William Kenefick, Arthur Miller, Maurice H. Winger purchase of the new securities to be issued on the railway properties, under
and Fred. Ruark, all of Kan-'as City, Mo. and W. P. Dewar, E. R. Jones a plan that will be submitted to the Council of the City of Pittsburgh.
(5) In the construction of a modern electric generating plant in the Pittsand W. N. Patterson, all of Muskogee,(Ala. Home office, Muskogee.
burgh district, so that the company may expand
power
Missouri Oklahoma & Gulf Ry.—Extension—New Mortgage business in and around the city along the same its electric-light andso suclines as have been
cessfully followel in Chicago.
—See Missouri Oklahoma & Gulf RR. above.
Plans have been under consideration for a long time past for the purpose
It is now learned that the articles of incorporation flied in Oklahoma on of consolidating all the street
railroad companies owned by the Philadelphia
Dec. 11 1911 provided for the incorporation of the aforesaid new railroad Co. (of Pittsburgh) with view of
simplifying
company and not for an increase of the stock of the old railway to $10,000,- various railroad companies. These railroads the financial set-up of these
for the last fiscal year earned
000, as we supposed at the time. See V. 93, p. 1726.
a surplus for the Philadelphia Co. of approximately $900,000.
There
extensive litigation between
Montreal Tramways & Power Co.—Notes Offered.— railways has in the past beennew Council of the city, who the city and the
companies, and the
assumed office
Dominick & Dominick and Coggeshall & Hicks, having sold the autumn of last year, determined to adopt the policy of endeavoring in
to
the city and
a large part of the issue of $1,350,000 6% 3
-year collateral bring about a satisfactory alliance betweencompanies andthe traction corporation. The consolidation of the railway
the Issue of new
gold notes, are offering the remainder by advertisement on securities thereon will therefore be in line with the desires of the Council and
the City
and
understood that the new money will be
another page at par and int. Dated Jan. 1 1912 and due expendedof Pittsburgh,with it is views of the
In harmony
the
city authorities.
Jan. 1 1915. Int. J. & J. Par $1,000. National Tr. Co.,
While there will be an authorized issue of $25,000,000 pref. stock,it is not
proposed to
stock at present.
Montreal, trustee. Principal and interest payable in Mon- as is needed issue any of this the $6,000,000 excepting such an amount
in exchange
pref. stock now
treal and New York in U. S. gold coin. Secured as to prin- and also $10,000,000 will forset aside for the conversion of theoutstanding;
be
810,000,000
of convertible
cipal and interest by deposit of $1,800,000 Canadian Light and will be debentures. The balance of $9,000,000 will remain unissued
reserved for future corporate requirements.
& Power Co. 1st M. 5% gold bonds, due 1949. The entire
It is not anticipated that there will be any further financing of the Philaissue is subject. to call at 1003 and mt. upon any int. date delphia Company,as the $10,000,000 provided by the issue of its debentures
will suffice for all corporate needs for some years to come. [The shareholdup to and including Jan. 1 1914. Each note, unless re- ers, it is said, will veto on the plan April 29.—Ed.] See also V. 94, p. 417.
deemed at a previous date, is convertible into a 1st M. 5%
Pere Marquette RR.—Report.—See "Annual Reports."
bond of the Canadian Light & Power Co. at 93 and int. on
No Sale.—See Ches. & Ohio Ry. above.—V.93, p. 1726.
July 11914, said bonds being a first mortgage on a modern
hydro-electric plant, transmission and distributing system
Raleigh Charlotte & Southern Ry.—New Norfolk Southern
operating in Montreal and vicinity under perpetual franchise, Subsidiary.—The company has been organized as a suband from which the bulk of the street railways' future re- sidiary of the Norfolk Southern RR. to take over the Aberquirements of electricity will be supplied. The bankers say: deen & Asheboro Ry., Durham & Charlotte RR. and Raleigh
The interest from this collateral is more than sufficient to meet the inter- & Southport Ry.(together operating 228 miles of road in the
est on these notes, while, based on the last year's earnings of Its subsidiaries Piedmont
section of North Carolina, with 25 miles under
and their actual earnings for the first quarter of the current year, the surplus accruing, to the Montreal Tramways& Power Co. for the current year construction), all the stocks of which were recently acquired
exceeds six times the interest on these notes. The net earnings of the street by the Norfolk
Southern RR (V. 93, p. 1463). The new
railways in Montreal have increased 130% and the consumption of light
company, whose stock will be owned by the Norfolk RR.,
and power 150% in ten years.
Condensed Extracts from Letter of Pres. E. A. Robert, Montreal. Feb.9'12. will shortly authorize a new
mortgage.
Incorporated in London, England, and controls the Montreal Tramways
Co., doing the street railway business of Montreal (serving a population of
Raleigh & Southport Ry.—Merger.—See Raleigh Charover 500,000); Canadian Light & Power Co., Saraguay Electric &
Power Co., Montreal Hydro-Electric Co., Ltd.; has also completed arrange- lotte & Southern Ry. above.—V. 93, p. 1535.
ments to take over directly or through the Canadian Light & Power Co.
St. Louis & San Francisco RR.—Trackage Rights into New
the entire capital stock of the St. Paul Electric Light Co.
Orleans.—A trackage agreement has been concluded with
Capitalization—
Authorized.
Issued.
Common stock
$20,000,000
(V94,p.417) the New Orleans & Northeastern Ry. for the use of the latThree-year,6% collateral trust gold notes
1,350,000 $1,350,000
The company has authorized an issue not exceeding $7,000,000 of deben- ter's tracks from Laurel, Miss., to a connection with the
ture stock in exchange for an equal amount of Montreal Tramways Co. Frisco's terminals at New Orleans. This arrangement
debenture stock bearing the same interest and which will be secured by gives the
St. L. & S. F. a through line from Chicago and
the deposit to trustees of the same amount of debenture stock of the Montreal Tramways Co. Should the above authority to issue the debenture Kansas City via the N. 0. Mobile & Chicago into New Orstook be exercised,it will increase the control of these securities held by leans.—V.
94, p. 280.
the Montreal Tramways & Power Co.
Montreal TramwaysC.—The street railway has been in successful operaSt. Louis Southwestern Ry.—New Mortgage—Bonds Sold.
tion since 1861. (Sec V. 93, p. 1463, 1319.) For the year ended Sept. 30
1911 the gross earnings were $5,318,619; net, after taxes, $1,824,838; —The directors have authorized a First Terminal and Uniannual interest on all bonds out, $721,150, and dividend on debenture stock,
$800,000, leaving a balance of $303,688,which will be increased by $51,615 fying 5% mortgage to the Guaranty Trust Co., as trustee, to
as soon as $1,147,000 of the underlying bonds are retired; cash to this secure an issue of $100,000,000 bonds dated Jan. 1 1912 and
amount having been deposited with the Royal Trust Co., trustee, to retire maturing Jan. 1 1952. The initial issue
of $7,500,000 has
underlying bonds, and in the interim this amount will be increased by the
been sold to a syndicate composed of the Guaranty Trust Co.,
income received from $1,147,000 while on deposit..
Canadian Light ct Power Co.—This company owns a developed hydro- Rhoades & Co. and William Salomon & Co. A special meetelectric plant which began delivering power in Sept. 1911 and is at present
making connections to supply power to the Tramways Company and is ing of stockholders has been called for April 17 to authorize
capable of an ultimate development of 75.000 h.p. Its present develop- the new bond issue.
ment is 22,500 h.p. and the demand for power and light has justified the
management in taking steps to increase the development at St. Timothee
to over 30,000 h.p. The power plant at St. Timothee, 28 miles from Montreal, Is connected with the company's sub-station on the outskirts of
Montreal by a duplicate three-wire transmission line built on steel towers
on private right of way over 100 ft. wide. Capitalization: 1st M. 5% gold
bonds(V. 91, p.591), $6,500,000 (including the bonds pledged for the aforesaid notes); common stock, $8,000,000. Based on the company's present
contracts, secured within three months from the commencement of operation, the revenue of the company for the year beginning July 1 1912 should
show the following results: Gross, $748,398; net. $629,014; int. on bonds.
$325,000; bal. sur. $304,014. Above figures are based on 22,500 h.p., machinery for which is already in operation, and the earnings should be largely
increased when the additional unit of 7,500 h.p. is installed. Present requirements of Montreal Tramways Co. approximately 30,000 h.p. and increasing approximately 12% per annum.
Combined Earnings.—The net earnings of the companies controlled by the
Montreal Tramways & Power Co. Ltd., for the year 1912 should on a'
conservative estimate exceed $800,000, and this company's share of
above through its present ownership of over 50% of the stock should show
over $400,000 as the share accruing to this company, which,added to the
interest on the bonds deposited with the trustee as security for this note
issue, should show at least $490,000 accruing to this company as earnings
from companies controlled, and should Increase.—V. 94, p. 417, 207.
The mortgage will cover all the property now covered or embraced in any
of the existing mortgages, and all extensions and branches, terminals,
equipment and other property which may be constructed or acquired by
the use of the proceeds of the bonds. The new bonds will provide for refunding and retirement of underlying bonds and equipment obligations,
the acquisition of valuable terminals at St. Louis, Gray's Point and Fort
Worth, upon which the bonds will be a first lien, and the cost of recent
betterments and improvements. The proceeds of the $7,500,000 bonds
sold will provide for the terminal facilities at St. Louis and elsewhere,
the retirement of approximately $2,100,000 equipment obligations and
immediate requirements for additional equipment, betterments and improvements now in contemplation.—V. 94, p. 417, 89.
San Pedro Los Angeles & Salt Lake RR.—New Mortgagc—
Extension.—J. Ross Clark, Second Vice-Pres., announces
that the branch line being constructed from Moapa, Nev.,
to St. Thomas, Nev., will be extended to St. George, Utah.
Provision Is to be made from the proceeds of sale of the new $70,000,000
mortgage to be authorized on March 4 for improvements and extensions,
including a line from Dagget to Barstow, Cal. Compare V. 94, p. 124.
Tr -City Railway & Light Co., Davenport, Rock Island,
New Orleans Mobile & Chicago RR.—Listed.—The N. Y. &c.—Bond Issue.—N. W. Halsey & Co. of N. Y., Phila. and
Stock Exchange has authorized to be listed:
Chicago are offering at 95 and int. $1,250,000 first and reAdditional Total Auth. funding 5% bonds, due July 1 1930. Total amount outNow
Name of Security—
Amount4.
lobe Listed. standing, including amount offered, $3,206,000. Part of
Listed.
First and refunding 5s_
$9,583,000 $1,263,000 $10,846,000
6% non-cumulative preferred stock.. 1,259,500
740,500
2,000,000 the proceeds of the bonds will be used to retire the $750,000
Of the additional amounts, $260,000 of the bonds and the $740,500 stock
are authorized to be listed as sold prior to Jan. 1 1913, $1,000,000 bonds notes maturing Mch. 1.
Listed.—The N. Y. Stock Exchange has listed $351,000
as exchanged for a like amount of $100 French bonds and $33,000 as issued
in exchange for a like amount of Mobile Jackson & Kansas City RR. 1st additional 5% collateral
trust first lien sinking fund bonds
94, p. 351, 208.
due 1923, making the total amount listed $8,239,000.
Norfolk Southern RR.—New Subsidiary.—See Raleigh
The bonds were issued to retire a like amount of old bonds, viz.: $341,000
Charlotte & Southern Ry. below.—V. 93, p. 1534,
Davenport & Rock Island By. bonds and $10,000 Davenport & Suburban
Ry. 1st 6s.
Pascagoula Northern RR.—Sale March 5.—See W. Denny
Earnings.—For year ending Nov. 30 1911 and Dec. 31 '10:
& Co. under "Industrials" below.
Year
Gross
Fixed Pref.Dirs. Balance,
Net (after
Earnings.
Charges.
(6%).
Taxes).
Surplus.
Philadelphia Co. (of Pittsburgh, Pa.).—Sale of Convertible Ending—
30 1911
Debentures for Improvements—New 6% Cumulative Preferred Nov. 31 1910 __ __$2,688,409 $1,188,481 $856,395 $169,572 $312,514
2,513,487
169,572
Dec.
531,407
1,031,519
330,340
Stock—Exchange of Present 5% Non-Cumulative Preferred.— —V. 94, p. 280.
As foreshadowed in the "Chronicle" of Feb. 10 (p. 417), the
Twenty-eighth & 29th Streets Crosstown RR.—Successor.
company, it is now announced,fis:contemplating the authori- —See Mid-Crosstown Ry. Co. below.—V. 94, p. 417,
69.
FEB. 17 1912.'
THE CHRONICLE
489
-At the annual meeting Pres. Carpenter said:
Earnings.
-The Court of
-Decision.
Union Railway, New York.
20
of the
The
Appeals at Albany on Feb. 13 sustained the decisions of the months net results from operationFisheriesBooth Fisheries Co. for the its
Co. for the 9 months since
and of the Northwestern
lower courts in the action begun in 1910 by the Pub. Serv. acquisition amounted to $1,115,943. Total interest charges, including
Interest on debenture bonds, aggregated $339,665, leaving a
Comm. to recover from receiver Frederick A. Whitridge $776,278, from which there has been reserved for depreciationbalance of
$473,678.
penalties aggregating $800,000 for failure to comply with an See V. 94, p. 125.
order directing him to equip the cars with fenders, &c.
-For cal. years:
-Report.
(J. G.) Brill Co., Philadelphia.
V. 92, p. 1567.
Cal. Yr. Total Sales. Mfg. Profit, Deprec'n. Pf.Div.(7%). Bal.,Sur.
*234,380
$320,600
$134,429
$689,409
$5,870,907
.-Subscription 1911
Wisconsin Central Ry.•-Bonds Offered
5,732
114,623
320,600
1910
440,955
5,960,778
books were closed at the Bank of Montreal in London last -V. 92, p. 458.
week for a block of $3,500,000 "first and refunding mortDuke as Chairman.
-Mr.
British-American Tobacco Co.
gage" 4% gold bonds of 1909, which were offered at £186 See American Tobacco Co. above; also in V. 93, p. 1670 and
behalf of the purper $1,000 bond (about £90 9-16%) on
V. 85, p. 277.-V. 85, p. 1502.
chasers, making $6,000,000 of the issue outstanding, with
-Report.
British Columbia Copper Co.
an additional $36,459,000 reserved to retire prior obligations.
CenInformation Furnished by the Canadian Pacific RV.-The WisconsinPaul,
to Minneapolis and St.
tral lty., running from Chicago and Milwaukee for 99 years from 1909 to
and Duluth. Is leased
with a branch to Superior
at a rental of 4% per annum on
the Minn. St. P. & Sault Ste. Marie By. as the Chicago division of the
the preference stock, and Is now operated year 1910-11 is explained not
A'Soo" line. The fall In gross revenue for the
maonly by depression in general business and increased cost of fuel and of
terials, but alsa by the interruption of traffic occasioned by the work
improving the grades and alignment and generally raising the standard
of the railroad to that prevailing on the Canadian Pacific By. system, with
which it is closely associated. This Chicago division now forms part of
the shortest route between Chicago and Duluth, and In connection with the
Canadian Pacific By. through traffic connection Is made from Chicago to
Vancouver, Spokane, Seattle and North Pacific points.
Bal., Surp.
DiviYear ending
Proceeds of Operating Custom Ore
or Deficit.
Nov. 30.
Metal Ship's, Expenses. Purch.,&c. dends.
1910-11
$1,968,158 $1.533,263 $300,966 $147,931 def.$14.002
sur.250,562
1909-10
51,894
1,158,294
1,466,749
Total surplus Nov. 30 1911, $717,264. During the year 1910-11 there
was produced 9,944,987 lbs. of line copper, 31,144 oz. of gold and 134,266
oz. of silver, against 7,143,456 lbs., 24.962 oz. and 84,180 oz., respectively.
In 1909-10.-V. 93. D. 530.
California-Oregon Power Co.
-Merger.-This company,
incorporated, it is understood, in California on or about
Dec. 31 1911 with $10,000,000 auth. capital stock, and controlled, it is said, by J. W. and J. P. Churchill of Yreka and
A. J. and J. J. Rosborough of Oakland, has taken over the
-For half-year ending Dec. 31 1911, etc.:
Earnings.
Fixed Bal., Sur. property of the Siskiyou Electric Power & Light Co., KlaOper'g
Other
Gross
Period
or Def. math Power Co. and the Rogue River Electric Co.
Income. Charges.
Earnings. Income.
-(V.
Covered£08,098
6 mos. end. Dec. 31 '11 £983,489 £315,817 def.£4,785 £242,934 def.47,523 93, p. 1607, 800, 537.)
10,454 512,976
Year end. June 30'11A,815,754 454,999
11,439 462,494 sur.172,016
do do June 30 '10_1,834,507 623,071
Canadian Puget Sound Lumber Co., Ltd.
-Dividends
•(A special dispatch to the "Montreal Star" on or about Feb. 12 reported
-The company paid on Feb.-25 an initial (quarterly)
that some 90% of the bonds were left for the underwriters.1-V. 93, Begun.
Is. 1023.
dividend of 1% on the $5,000,000 stock. Compare V. 93,
p. 410, 1603.
-See Texas Co. below.
-Decision.
INDUSTRIAL; GAS AND MISCELLANEOUS.
Central Fuel Oil 0o.
American Cement Co., Phila.-Deposits.-A committee -V. 93, p. 733.
-For calendar years:
-Report.
consisting of Charles J. Rhoads (Chairman), J. Percy KeatChicago Telephone 00.
Net
Dividends
Balance, Teleph's
Gross
ing, Evan Randolph and James M. Willcox requests deposits Calendar
Earnings.
(8%).
Surplus. Dec.31.
Earnings.
Year
of the 1st M. and coll. tr. 5s due Oct. 1 1914 with Girard 1911
$12,678,390 $2,262,540 $2,160,000 $102,540 335,652
2,160,000
95,073 300,618
2,255,073
11,331,153
1910
Trust Co., depositary. Compare V. 94, p. 418, 276.
-V. 93, p. 1791.
-J. G. Milburn
-New Directors:
Express Co.
American
-New Stock.
Syracuse, N. Y.
Can Co.,
and James S. Alexander have been elected directors to suc- F.Continental Sec.-Treas., Feb. 13, wrote in substance:
P. Assam,
Livingston and C. B. Clark, both deceased.
ceed Johnstone
The Increase in our capital stock [from $3,000,000 to $5,000,000 in .Tan.
V. 93, p. 941.
last.
-Ed.] is all common stock and a very small part of the increase has
- been issued; the remainder will be issued as may seem advisable, from time
Atlanta.
American Sumatra Tobacco Co., New York and
At present we do
to time, by
dividend of stock. [Thethe board. plants are located atnot contemplate issuing more
-A semi-annual
Syracuse, Chicago, Baltimore
company's
Payment of Accrued Dividend.
-V,94, p. 128.
-Ed.]
3% has been declared on the $1,000,000 7% cum. pref. and Canonsburg.
Feb. 20. At the
(hex Carpet Co., New York.
-Report.
-Calendar years:
stock, payable March 1 to holders of record
Net • Extraord. Deprec,
Gross
Dividends Balance,
same tune the semi-annual dividend of ”i% due March 1 Cal.
Exp,
Earns.
Chges.
Paid.
Surplus.
Year- Earns.
interest at 7%, will also be 1911_ _$534,513 $386,141 $6,759 $70,610
1911, together with one year's
(6%)$180,000 $128,772
holders of record of the same date. 1910_ _ 534,278 382,167 8,779 89,549 (534) 165,000 , 138,839
paid on the pref. stock to
p. 661.
Sept.
maThe dividend dueyear. 1 1911 will, it is stated, be dealt with during the -v.
latter part of this
-Report.
-For caendar year:
Dayton (O.) Breweries Co.
report for thc year ending Jan. 31 1912 showed a net profit of about
The
$193,000; previous surplus, $20,900; total surplus Jan. 311912, $213,900.
-V. 93, p. 797.
Deprec. Bond Int. Sink.Fd. Pref, Div: Bal.,sur.
Net.
Gross.
Year.
1911...$1,239.847 $342,868 $40,393 $155,375 $25,000 (6%);74,948 $47,152
1910_ 1,195,814 363,832 39,633 155,875 25,000(3%) 37,474 105,850
Total accumulated surplus Dec. 31 1911, $606,756. Barrels sold.
101,574 in 1911, against 158,533 in 1910.-V. 92, p. 529.
-On Feb. 14
-Election.
American Tobacco Co., New York.
Vice-Pres. Percival S. Hill was elected President to succeed
-An
-Sale March 5.
W. Denny & Co., Moss Point, Miss.
Jas. B. Duke, who resigned to become Chairman of tile
British-American Tobacco Co., and the following were made advertisement says:
P. J. Hanlon, G. W. Hill,
The entire properties of W. Denny & Co., consisting of saw mills, mill
Vice-Presidents: E. S. Edwards,
sites and all improvements at Moss Point,and also the Pascagoula Northern
M. C. Patterson and T. B. Yuille. Recent changes:
RR., 41 miles in length, extending from the L. & N. RR., at Pascagoula
New directors (all or nearly all employees of the company): M.W.Reed, to the New Orleans Mobile & Chicago RR. at Evanston, together with its
Wilcox, rolling stock, &c. will be sold as a whole at public auction for cash on
T. J. Walker, J. M. W. Hicks, J. Fletcher Jr., B. J. Hanlon, J. P.
March 5 1912 at Yascagoula, Miss. by trustees under deeds of trust. For
M. C. Patterson, E. S. Edwards, Geo. W. Hill and W. H. O'Brien.
Old directors retained: Percival S. Hill, George Arents, Anthony N. Information apply to L. M. Pool, Hibernia Bank & Trust Co., New Orleans,
Brady, Paul Brown, H. M. Hanna, G. A. Helme, Pierre Lorillard, Oliver Henry Hall, First Nat. Bank, Mobile; Ford, White & Ford, Pascagoula.
H.Payne, Prank H. Ray, Thomas F. Ryan, Grant B. Schley, Robert A. C. .I. J. McIntosh, Moss Point.
Smith, Charles N. Strotz, George W. Elkins, Peter A. B. Widener, Geo. D.
-Report.
Widener Thomas B. Yuille. [Treas. is still John M. W. Hicks; See.,
Du Pont International Powder 0o.
J. T. Wilcox.]
Pref. Div.
Balance,
Interest
Total
Total
Directors retired: Caleb C. Dula, Robert B. Dula, Robert D. Lewis and Cal.
Surplus.
(5%).
& Expenses.
Surplus.
Receipts.
YearLiggett & Myers; Thomas J.
W. R. Irby, who have become directors of K. Smith, who are now on the 1911
$214:335
$41,515 „ $196,682
$40,750
__ 5296,600
,
D. Kingsbury and Robert
Maloney, Herbert
214,3:15
58,475
42,788
155,166
315,598
_
R. Harris (recently 1910
board of the P. Lorillard Co.; Jas. B. Duke, William
-- -v.
Chairman of the British-American Tobacco Co.) and R. L. Patterson.
V. 94, p. 418, 280.
--Offer to Sell Declined.
Ellensburg (Wash.) Water 00.
Beatrice Creamery Co., Lincoln, Neb.-Report.-
See "Ellensburg" in "State and City" Department ---V. 92, p. 397.
Federal Mining & Smelting Co.- Preferred Dividend
Dec. 31 1911-569,053 148,607 717.660 339,824 120,000 a97,500 160,336 Reduced.
-A quarterly dividend of 1M% has been declared
Feb. 28 1911_ -435,943 49,243 485,186 232,864 120,000 590,000 42,322
on the $12,000,000 7% cumulative preferred stock payable
6%.-V. 93, p.471.
a8%.
- March 15, to holders of record Feb. 24. Distributions have
Blackstone Valley Gas & Electric Co., Providence, R. I.
4
-An initial dividend of 1% heretofore been made at the full rate of 13 % quarterly up
First Dividend on Common Stock.
-V. 93, p. 1728.
has been declared on the $750,000 common stock, payable, to December 1911 inclusive.
-Common Dividend.
Galena Signal Oil Co.,Franklin, Pa.
along with the usual (13th) quarterly dividend of 04% on
the $1,000,000 pref. stock, on March 1 to holders of record This former subsidiary of the Standard Oil Co. of New Jersey
Feb. 17.-V. 88, p. 1199.
has declared a div. of $4 per share on its $8,000,000 corn.
-New Stock-Right of Ex- stock, and also the usual guar. div. of 2% on the $2,000,000
Booth Fisheries Co., Chicago.
-The shareholders voted Feb. 13 to increase the pref. stock, both payable March 30 to holders of record
change, &c.
211; V. 93, p. 1605.
auth. common stock from $5,000,000 to $10,000,000 and Feb. 29. Compare V. 94, p.
-Board Increased.
-The directors
General Chemical Co.
to create an issue of $8,000,000 7% 1st cum. pref. stock.
also
The directors subsequently declared a 3% dividend on the having been increased from 13 to 17, John M. Goetchius,
$2,000,000 6% pref stock, said dividend being payable C. W. Nichols, Lancaster Morgan and Henry Wigglesworth
March 30 on stock of record March 21. They also voted that, were elected to fill the new positions. W. H. Nichols Jr.
after March 2, the present pref. might be turned into 7%. becomes a Vice-President, making four Vice-Presidents in all.
cumulative 1st pref. at par, and that the privilege of -17. 94,;p. 354, 347, 126.
conversion into the new 7% cum. pref. stock should also be
International Smokeless Powder & Chemical Co.
-Report.
given to such of the 6% debentures ($4,000,000 now out) as Calendar
Other
Net Earns.
Bal., Sur.,
Dividends
from Sales. Income.
or Def.
Paid.
Yearshall be presented to the National City Bank of New York
$3,433
$661,089
$340,500
sur.$324.022
or the Central Trust Co. of Illinois for endorsement as follows: 1911
299,936
3,760
def,
363,000
Year
Ending-
Total Pf.Div.
Net Inc.from Total
Earns. Inv.,&c. Income. Deduc. (6%).
Corn.
Div.
Bal.,
Surp.
This bond may at any time prior to the interest date upon which It shall
be called for redemption under the terms.thereof be exchanged for $1,000
par value of the first pref. capital stock of this company, the cumulative
dividends upon which stock shall commence to accrue only from the date
of such exchange.
1910
-V.92, p. 1705.
59,304
Kings County Electric Light & Power Co., Brooklyn.
-For cal, years, incl. Ed. Ill. Co. of Brooklyn:
Report.
490
THE CHRONICLE
Cal.
Total
Net
Depre- Bond
Fixed
Divs. Balance,
Yr. Income. Earnings. elation. Disc't. Chaos.
(8%)
Surp.
1911 _$4,783,278 $2,460,205 $605,377 $20,269 $810,202 $800,000 $224,357
1910 _ 4,338,935 2,305,154 539,346 20,269 736,306 800,000 209,233
92, p. 1639.
Lackawanna Steel 0o.-Restdts.-Combined earnings of
the company and subsidiaries for the year ending Dec. 31:
VOL. rxxxxiv.
New York & Richmond Gas Co.
-Report.
Cal.
Total
YearEarnings.
1911
$312,486
1910
298,036
-v. 90. p. 450.
Expenses,
Net
Bonds, &c., Balance,
Taxes, eec. Earnings.
Interest.
Surplus.
$168,450
$144,036
$78,470
$65,566
165,779
132,257
77,335
54,922
O'Gara Coal Co.
-Bonds Called.-Eleven 1st M.5% 50-year
gold bonds dated Sept. 1 1905, for payment at 105 and int.
(say $1,075 per bond) on March 1 at Trust Co. of America,
trustee.
-V. 91, p. 1577.
Pabst Brewing Co., Milwaukee.
-Listed.
-The N. Y. Stock
Exch. has listed $2,000,000 7% cumulative pref. stock.
Lehigh Valley Coal Sales Co.
-Directors and Officers.
Earnings and Balance Sheet.
-For year end. July 311911:
Directors-John W. Skeele,
Total
Mt. on Lids. Sink.Fd.ee Depreciarn, Balance.
Cal. YearIncome,
and Notes.Exhaus.Fd.
&c.
Surplus.
1911
$3,035,042 $1,750.000 $260,056 $942,183
$82,803
1910
5,949,236
1,729,229
432,378 1,254,523 2,533,105
The unfilled orders on Dee. 31 1911 were 289,971 tons, against 226,103
in 1910.-V. 93, p. 1728.
Francis L. Hine, Paul Moore, Horatio
Lloyd, Thomas W. Lamont, Lyman D. Smith and William R. Evans.G.
Officers.-Pres., John W.Skeele; Vice-Pres. and Sec., George N. Wllson;
Treas., William J. Burton.
The new company is expected to formally engage in business about
March 1.-V. 94, p. 282, 123.
Liggett & Myers Tobasco Co.
-First Dividend.
-An initia
quarterly dividend of 19% has been declared on the $21,496,400 7% cum. pref. stock, payable April 1 to holders of
record Feb. 15.-V. 94, p. 282.
Mackay Companies.
-Report.
-Years ending Feb. 1:
Fiscal
Inc. from
YearInvesrts.
1911-12 _$4,128,491
1910-11 _ 4,125.907
-V. 93, p. 1792.
Total
Expenses.
$32,092
37,194
Pref, Divs.
(4%)
$2,000,000
2,000,000
Corn. Divs.
(5%)
$2,069,020
2,069,020
Balance,
Surplus.
$27,379
19,693
Net, after deprec., &c,, $804,888; other income, $18,986; total..$823,874
-Interest on bonds, &c
Deduct
53,031
Balance, surplus for year
$770,843
Balance Sheet July 31 1911.
Assets ($16,853,302)Liabilities ($16,853,302)
Real estate, plant, 4%c ___ .$4,705,894 Preferred stock
$2,000,000
City & outside real estate 6,079,887 Corn. stock ($10,000,000)
Improve'ts and fixtures on
Less $236,000 In treas
9,764,000
leased properties
581,820 1st M. bonds (4s, $3,000,
Cash in sinking fund
2,372
000; 5s, $500,000; total,
Miscellaneous investments 1,121,522
$3,500,000, less $173,
Inventories
1,257,056
000 red'd & canceled)__ 2,327,000
Bills & accounts receivable
Other liabilities
537,686
(less reserves)
2,566,763 Insur. & other reserves__ _
730,738
Cash
537,988 Surplus
1,487,878
Bonds mature $150,000 yearly June 1 1912, &c. Compare V. 91, p. 42.
720; V. 83, p. 628.
Pennsylvania Textile Co., Manufacturers of "Moneybak"
Dress Silks.
-Bond Offering.
-This company, incorporated
in Pennsylvania with $2,000,000 capital stock (all common)
has sold $800,000 of its issue of $2,000,000 1st M.6% 30-year
sinking fund gold bonds of 1912, and is offering the remainder
Dated March 1 1911 and due in annual installments each March 1 from
1912 to 1936, incl., $7,500 in 1912, Increasing in 1913 to $10,000, in 1917 ($1,200,000) at par and int., to provide additional working
to $11,500, in 1922 to $12,000 and in 1932 to $15,000, but callable at 101 capital and $200,000, for improvements. Par, $1,000, $500
and int. on any int. date. Int. M. & S. at Dollar Savings & Trust Co., and
$100. Interest J. & J. at State Street Trust Co., Boston,
trustee, Youngstown, or First Nat. Bank, Cleveland. Par $500 and $1,000.
Supplies water in the important manufacturing district adjoining Youngs- the trustee and registrar of the bonds, and transfer agent for
town on the east and to some extent in the city. For calendar year 1911 the stock. Principal
due Jan. 1 1942, but callable for paythe gross receipts were $56,503; net (after taxes), $44,706; interest, first
ment, all or any number, on any interest date at 105 and int.
year, $18,000; bal. available for sinking fund, &o., $26,706.
No prior liens. Sinking fund 1 %c. per 1,000 gallons water sold by meter. Payment for bonds should be
made at State Street Trust Co.,
Pres., L. E. Cochran; Sec., James J. McNally; Treas., Mason Evans. OfBoston, or Fidelity Trust Co., N. Y. City. Application will
fice, Youngstown, Ohio.
-V.94, p. 212.
be made to list both stock and bonds upon the New York
Manufacturers' Light & Heat Co., Pittsburgh.
-Report.
- and Boston Stock Exchanges.
Mahoning Valley Water Co., Youngstown, 0.
-Bonds
Offered.
-Hayden, Miller & Co., Citizens' Building, Cleveland, 0., having sold the greater part, offer the unsold portion
of the $300,000 (closed) 1st M.6% gold bonds at par and int.
Calendar
Gross
Net (after
Other
Interest, Dividends. Balance,
Year- Earnings. Taxes,&c.) Income. Disc.,&c. (X%). Surplus.
1911
$5,108,973 $2,257,022 $51,834 $683,158 $161,250 $1,464,448
1910
5,610,311 2,530.081
6,996 599,045
1,938,032
- To the surplus as above in 1911 were added profit and loss credits amounting to $95,436 (against $56,974 in 1910), making a total of $1,559,884; from
the latter was deducted $738,235 for reserve for depreciation of property
(against $802,713 in 1910), leaving a net surplus in 1911 of $821,649, against
$1,192,293 in 1910.-V. 93, p. 1605.
(The) Mortgage Bond Co. of New York.
-Bonds Offered.Ladenburg, Thalmann & Co., N. Y., and Nelson, Cook & Co.,
Baltimore, Md., are placing at par and int. $5,000,000 5%
10
-20-year gold mortgage bonds, series III, dated Jan. 1
1912 and due Jan. 1 1932, but redeemable at par on and
after Jan. 1 1922. Interest J. & J. U. S. Trust Co. of
N. Y., Trustee. Par $1,000 gold and £205-15-2.
Digest of Letter from Pres. Geo. A. Hurd, New York. Jan. 2 1912.
Organized in 1905 under banking law of N. Y. State as a mortgage loan
and investment corporation, with a share capital $2,000,000, fully paid in
cash. Is subject to periodical inspection by the State Banking Department
and is now paying 6% dividends on its stock.
Balance Sheet Jan. 1 1912.
Assets-($6,205,512)Liabilities-($6,205,512)
Mortgages
$5,763,582 Capital
$2,000,000
145,274 Surplus
U. S. and other bonds..___
400,000
Interest receivable
109,532 Undivided profits
71,775
96,217 Mortgage bonds
Discount account
2,928,200
Cash
90,907 Mortgage certificates
766,206
Interest payable
39,331
Results for Cal. Years- 1911.
1910.
1909.
1908.
1907.
Gross income
$369,376 $330,441 $264,138 $220,450 $209,854
Net income
$320,505 283,756 219,956 180,889 165,785
Bond interest
149,687 120,405
75,948
51,842
51,886
Net profit
$170,818 $163,351 $144,008 $129,047 $113,899
On January 1 1912 had first mortgages In 18 cities, amounting to $3,
763,582 on property valued at $13,891,811. Since its formation In 1905
the company has made 54 loans,amounting to $2,116,750, in N.Y.City,
of which one loan of $18,000 has been foreclosed, without loss: it has also
made 2,102 loans amounting to $7,523,351 In other cities, of which none have
been foreclosed. The amount of bonds outstanding is limited to 15 times
the capital stock. Bonds tax-free in New York State.
By the trust agreement (1) all bonds issued thereunder are secured
equally,irrespective of series or date of issue, by deposit of an equal par
value of first mortgages on improved real estate in cities of the U. S. having
a population of not less than 40.000 or temporarily cash, U. S. Govt. bonds
or N. Y. City bonds at 5% below the market value thereof. (2) All such
mortgages are limited to 50% of the appraised value of the mortgaged
property, except that in cities of 300,000 or over such mortgages may be for
not exceeding three-fifths and in N. Y. City not exceeding two-thirds of
appraised value. (3) Limitations are placed on the amounts which can
be loaned upon any one builiding and upon the total amount of mortgages
in cities of various sizes. (4) The mortgage loans are made only on business
or residence property, not on farm property, unimproved property, leaseholds, churches, factories, clubs or theatres. (5) No real estate is to
be acquired, except to avoid losses under foreclosure (or for the company's
offices) and all real estate so acquired is to be promptly sold. (6) The
company is to have an annual audit of its books by independent auditors.
Directors-John Arbuckle, Louis V. Bright, Guy Cary', Edwin W.
Coggeshall (Prest. Lawyers' Title Ins. & Trust Co.), Harris D. Colt, William
P. Dixon, Charles Einsiedier (Heidelbach, Ickelhelmer & Co.), Cecil C.
Evers (See. Lawyers' Mort. Co.), Julian D. Fairchild (Prest. Kings County
Trust Co.), Robert Walton Goclet, Charles P. Howland, Henry E. Howland,
Thomas H. Hubbard (Prest. Internat. Bankg. Corp.), George A. Hurd,
Richard M. Hurd (Prest. Lawyers' Mort. Co.), John T. Lockman, Andrew
J. Miller (Boissevain & Co.), George L. Rives, Felix Rosen (Hayden,
Stone & Co.), B. Aymar Sands, Ernst Thalmann.
Bonds Called.-Eight7Series 2 bonds have been called for
payment on April 1 at par and interest.
-V. 90, p. 773.
Nebraska (Bell) Telephone Co.
-For cal. years:
-Report.
Cal. Year- Gross.
Net.
Interest.
Divs.
(6%). Surplus.
$2,245,508
1911
$504,366
$147,806
$281,220
$75,340
2,143,452
1910
426,018
55,000
280,854
00,164
Tot. stations Dec. 31 1911, 152,874, agst. 123,573 in 1910.-V.94. p. 212.
Digest of Official Statement, Daterat New York Feb. 1912.
The company desires through this sale of bonds to provide: (1) $200,000
for improvements, namely (a) additional equipment at its Monarch mill for
the purpose of manufacturing silk lace and silk vellings; (b) to increase the
throwing and spinning capacity of its Diamond Mill to 400,000 lbs. annually.
(2) Additional working capital sufficient to enable cash payments for all
supplies (thereby securing discounts) and the sale of Its products direct
to the merchant, thus eliminating the middlemen.
Silk Mills Owned, against which:the Bonds are a First and Direct Lien.
York Silk Weaving Mill, York, Pa. !Monarch Silk Thr. & Sp. Mill,York,
Windsor Silk Weaving Mill, York,Pa.iDiamond Silk Thr. & Sp. Mill, York.
Monarch Silk Weaving Mill,York,Pa. Carlisle Silk Throwing & Spinning
York Silk Finishing Mill, York, Pa.
Mill, Carlisle, Pa.
These mills represent the highest development of the dress silk industry In
the United States and they are thoroughly equipped for the manufacture of
dress silks from the importation, throwing and spinning of the raw material
to the marketing of the finished product. While representing only about
5% of the present volume of production in the United States, the company
owns trade-marks well known to the silk trade, and has an annual producing
capacity exceeding in value $4,000,000 of "Moneybak" and other dress silks,
and yet is considerably behind with its orders.
These goods arc handled by over 1,500 stores, including leading
jobbers and retail dry goods merchants. The company owns the patented
detachable selvage which it uses on all its high-grade silks, and which makes
possible a system of premium rebates that secures the co-operation of the
dressmakers and the trade.
The net earnings of these mills, when operated under Individual ownership, exceeded $400,000 per annum, and with the large saving from operating the mills under one management, wearer well satisfied that we can pay
the interest on the bonds, provide for the sinking fund and pay 6% on the
common stook, and at the same time create a sufficient surplus to retire
all of the bonds within 14 years.
The immediate operation of the plants is carried on through an executive
committee, consisting of Thomas H.Scheidier, Walter S. Roberts and J.E.
Phillips, and an advisory board, selected from bondholders, with Mr.
Phillips (formerly Manager of Diamond Silk Co.) as General Manager.
The company has as its commercial bankers and factors tho firm of
Frederick Vietor & Achells, N. Y. City, who guarantee the payment of all
sales accounts, so that no loss can be sustained from bad debts.
Officers.-Walter S. Roberts, N.
Pres.; A. Blakeley Smith, Boston,
Vice-Pres.•, W. B. Angell, Boston, Sec.•, Charles E. Prior, N. Y., Treas.
Y.,
Directors.
-J. N. Smith (Pres. Boston Woven Hose Co. and director
Beacon Tr, Co.), B. P. Cheney (director Atoll. Top. & Santa Fe Ry. and
Old Colony Tr. Co.), A. Biakeley Smith (A. W. Smith & Co., wool merchants), Samuel Appleton (U. S. Mgr. of Employers Liability Assurance
Co.), all of Boston; Thomas H. Scheidler (of Frederick Victor & Achells).
Walter S. Roberts and B. L. Herman, all of N. Y. City; W. W. Frazier Jr.
(Treas. Franklin Sugar Relit]. Co., Philadelphia), B. P. Spinney (Pres.
Security Tr. Co., Lynn, Mass.), W. S. Ingraham (E. Ingraham Watch &
Clock Mfg. Co., Bristol, Conn.), James H. White (Treas. Wilcox & White
Co. director Home Nat. Bank, Meriden, Conn.), Alden Solmans (Pres.
South Norwalk, Conn., Say. Bank),Gerardus Smith (Pres. Schenectady.
N. Y., Tr. Co.), Edward P. Metcalf (Pres. Atlantic Nat. Bank), Providence,
-V.93, p. 941.
M. S. Niles and J. E. Phillips, York, Pa.
Producers Oil Co., Texas.
-Deposit of Stock and Bonds
Possible Sale to Texas Co.
-A committee, consisting of Walter
Chairman, Alvin W. Krech, James N. Hill, James
B. Sharp,
Hopkins and John E. Crosbie, with B. L. Stowell, Secretary,
24 Broad St., N. Y., are asking deposits of the $3,900,000
stock and the $3,000,000 first refunding bonds with the
Equitable Trust Co. of N. Y., depositary, under terms of an
agreement dated Jan. 22 1912, with a view to disposing of
their holdings. The $1,000,000 old 1st M. bonds were replaced by first refunding bonds. The agreement empowers
the committee, after 80% of the stock has been deposited, to
sell the said stock and bonds, or either stock or the bonds
separately, for not less than
For each deposited bond (a) A 6% $1,000 convertible gold debenture bond
of The Texas Co., issued under trust agreement, Equitable Trust Co.,
trustee, dated Jan. 1 1911 (V. 92, p. 467, 597); and for every share of
deposited stock (par $100) (a) A $100 share of stock of said The Texas Co.,
and in each of said cases cash to cover expenses, &c., of tho committee.
Or the committee may prepare and adopt a plan for the exchange, sale
or other disposition, for cash or otherwise, of the deposited securities
separately, or for the reorganization of the company, which plan may b
made effective as to all deposited bonds unless 40% In interest of the de-
THE CHRONICLE
FEB. 17 1912
491
positing bondholders file their dissent thereto within 30 days, and similarly
In the case of the stock.
The agreement shall expire by limitation on Jan. 1 1913 as to either class
of deposited securities, unless less extended by the committee till July 1
1913, with consent of 60% of same. Compare V. 91, p. 592; V.90, p. 1366
U. S. Industrial Alcohol Co.
-New Director.
-Dr. Nelson
B. Mayer has been elected to fill a vacancy in the board.
V. 94, p. 276.
United States Light & Heating Co.
-Report.
-For 1911:
-The
-Increase of Stock.
Providence (R. I.) Telephone Co.
Profit
dividends (7%), $175,000; balance,
directors to issue surp,for for year, $327,859; preferredDec. 311911,$226.233.-V.93,p.168.
stockholders on Feb. 13 authorized the
year. $152,859. Total surp.
$500,000 additional stock as required. Tills will increase
United States Steel Corporation.--Subsidiaries' Orders
the amount outstanding to $4 ,000,000; total authorized, Jan. 31.
-The report of orders given out Feb. 10 shows un$5,000,000.-V. 92, p. 397.
filled orders on the books Jan. 31 aggregating 5,379,721 tons,
-Merger.
-See California-Oregon being an increase of 294,960 tons, against an increase of
Rogue River Electric Co.
942,806 tons during December and 447,627 tons during Nov.
-V. 93, p. 1607.
Power Co. above.
Tonnage of Unfilled Orders (00,000) omitted)-All on New Basis.
1912
1911
'10. '09. '04.
-Officers.
-Directors elected Feb. 5:
(M.) Rumely Co.
Jan. Dec. Nov. Oct.
May.Mch.Jan. Dec. Dec. Sep.
Directors.-Aloyslus J. Rumely, S. S. Strattan Jr., Charles A. LaFever, 5,4 5,1 4,1 3,7 Sept. Aug. July J'ne.
2,4
Heman Gifford (Chicago representative of William Salomon & Co.), James -V. 94, p. 346, 357,3,6 3,7 3,5 3,3 3,1 3,4 3,1 2,7 5,9
141.
A. Patten, Charles K. Warren, Tohn Wolf, Max Horwitz (of Hallgarten &
Vacuum Oil Co., New York.
Potter (of William Salomon & Co.) and Edward A. Rumely.
-New Stock.
-The shareCo.), Alonzo
Officers.-Pres., Aloyslus J. Rumely; Vice-Prey., Joseph J. Rumely; holders will meet in
Rochester, N. Y. on Feb. 29 to vote on
Sec., S. S. Strattan Jr.; Treas. & Gen. Mgr., Edward A. Rumely; General
increasing the capital stock from $2,g00,000 to $15,000,000,
E. Winn.
Counsel, John
Finance Committee.
-Alonzo Potter, Max Horwitz, James A. Patten, par $100. Secretary Wendell M. Smith, Feb. 12, wrote:
Joseph J. Rumely and Aloysius J. Rumely.-V. 94, p. 213.
On June 30 1911 your company owed the Standard
-Bonds Offered.-llarr is, over $8,000,000 for capital advanced by them before011 Co. of New Jersey
Scranton (Pa.) Electric Co.
the Vacuum 011 Co's
owned
at 103M and int. stock, formerly there by them, was distributed to you (V. 93, p. 1390):
Forbes & Co., New York, are placing
addition
was
bonds.
5% gold bonds" and init necessary to now outstanding $2,000,000 in by a cashYour directors
deem
$500,000 "first and refunding mortgage
secure capital, preferably
issue of stock
indebtedness and provide for financing your
dated July 1 1907 (compare V. 89, p. 48), making the amount at par, sufficient to pay this For this purpose they recommend an increase
arge and growing business.
$21,000 of $12,500,000 in the capital stock, making a total capitalization of $15,of the issue outstanding $2,770,000, with now only
000,000, the right to subscribe to such increase at par to be given stockholdreserved to retire bonds of constituent companies.
ers pro rata to their present holdings of stock. A number of stockholders
-For calendar years 1911 and 1910:
Earnings.
have expressed a willingness to subscribe for their share of the issue and any
Net.
Bond Int.
Bal., Sur additional amounts that other of the stockholders do not care to take.
Op.Exp.&Txs.
Gross.
The business of the company for the years 1906 to 1910, inclusive, shows
5287,816
5427,366
15139,550
5313,281
5740,654
1911
)(on bonds now out) an average profit of 81,858,633 per annum,from which there was paid inter379,603
318,151
697,754
1910
est to the Standard 011 Co. of N. J. 5416,705 per annum;this amount will be
-V. 90, p. 699.
saved by issue of the new stock and payment of the interest
-bearing obligaSherwin-Williams Co. of Canada, Ltd. (Manufacturers of tions. (Compare V. 85, p. 790, 216.)
Balance Sheet June 30 1911.
-Spencer Trask &
-Bonds Offered.
Paints and Varnishers).
Assets ($25,033,526)Liabilities ($25,033,526)
&c. have purchased and are offering at a price to Real estate, plant & equip.$2,150,074 Capital stock
Co. N.
$2,500,000
Bonded debt
,
2,000,000
Y.'
yield about 6% $1,200,000 "first and refunding mortgage" Stocks of foreign vacuum
oil companies
10,605,342 Due Standard Oil Co. of
6% bonds of this recent consolidation, which has plants at Stocks of other companies
45,827
New Jersey
8,238,443
15,862 Sundry accounts payable _ 866,048
Montreal, Winnipeg and London (Eng.), and is reported to Government securities ___
Merchandise and material_ 4,223,909 Surplus
11,429,035
be the largest manufacturer of paints and varnishes in Canada Accounts receivable
7,852,786
139,726
and London. A large amount of said bonds has been re-sold. Cash
It is possible that the new conditions brought about by the U.S. Supreme
Dated July 1 1911 and due July 1 1941, but callable after July 1 1921,
all or any. Par $100, $500 and $1,000. Sinking fund begins July 1 1915. Court decision may have an effect upon your profits, although to what exRoyal Trust Co., trustee. Int. J. & J. at Bank of Montreal in Montreal, tent or in what way it is impossible at this time to judge. Furthermore.
New York and London. Auth., $4,000,000; outstanding, $1,983,700; past experience Indicates that, owing to the steady growth of the business,
reserved to retire $340,700 Canada Paint Co. 1st M. Is, due 1939, callable some portion of the profits must be retained to provide for financing
at 105 Jan, 1 1920 and $125,600 Lewis Bergner & Sons, Ltd., debentures, such growth.
due Dec. 1 1014, $466,300; balance reserved for 75% of cost of extensions
Warren (Pa.) Water Co.
-Decision Prevents Sale.
-See
and additions, when earnings are three times the interest charge, including
-V.93, p. 1390.
bonds then to be issued. Stock out: common, $4,000,000; 7% cum. pref. "Warren" in State and City Department.
$1,500,000 owned
stock, 53,000,000 (receiving full 7% per annum), of which
by Sherwin-Williams Co. of America and its directors. Combined net
earnings for 1910 (after deprec., $537,808, being 354 times the interest
-Stone & Webster, Boston, New York, &c.,in advance of
charge. Spencer Trask & Co., in accordance with their practice of making the issuance of their
manual for 1912 of "Electric Railway,
their representatives familiar with the properties securing the bond issues
sent a party to inspect the plants at Montreal. Electric Lighting, Gas and Water Power Companies" under
handled by them,recently
See also V. 92, p. 1705
the Stone & Webster management, report
capitalization
-See Cali- and earnings for 1911:
-Merger.
Siskiyou Electric Power & Light Co.
Resume of Outstanding Capitalization, Earnings and Properties of the
-V. 93, p. 800.
fornia-Oregon Power Co. above.
Companies Managed by Stone & Webster Organization.
Combined Capitalization Dec. 31.
1911.
-Negotiations
1910.
Spring Valley Water Co., San Francisco.
Bonds and coupon notes
$77,901,500 • $68,328,500
for Sale to City Re-opened.----See "San Francisco" in "State Preferred and common stocks
83,631,100
79,394,700
-V. 93, p. 1203.
and City" department.
Total
$161,532,600 $147,723,200
Earnings, &c., Calendar Years.
Standard Oil Co. of New Jersey.
-Dividend.
--A quarterly
1911.
1910.
1911.
1910.
div. of 5% has been declared on the $98,338,300 stock, pay- Gross earns.$22,848,480 $22,023,126 Int. & taxes $4,966,350 54,818,637
Net income. 10,427,605
9,771,211 Divs.paid__ 3,367,776
able Mch. 15 to holders of record Feb. 19.
2,885,763
1911
1905 to 1910
-V. 93, p. 1607.
Recent Dividends-Per Cent.
March. June.
Sept.
15
a
15
6
0
Dec.
7
10
Total.
37
40
-Sale of Debentures.Sulzberger & Sons Co. New York.
Hallgarten & Co. and William Salomon & Co. announced
yesterday the purchase of a new issue of $5,000,000 6% sinking fund gold debentures, due June 1 1916, and the immediate re-sale of the entire amount.
One of the four largest packing concerns in the United States; business
established in 1853. Has large plants of most Improved type in New York,
Kansas City, St. Louis, Los Angeles and Oklahoma City. The plant at
the last-mentioned place began operations a few months ago. The gross
business of the company is about 8100,000,000 per annum.
These sinking fund 8% gold debentures (limited to 55,000,000) are dated
March 1 1912 and due June 1 1916 (int. M. & S.), but are callable for sinking fund at 102 M and mt.; also as a whole on or after Sept. 1 1912 at price
which gives the holder a Premium of 1-12 of 1% for each month until main 1912 and ending with 100 Wi on March 1
turity, beginning with 103
1916. Under the debenture agreement the principal plants owned must
remain free of mortgage or other lien during the life of the debentures.
The company agrees to retire $900,000 of these debentures before maturity,
in annual installments of $300,000, commencing on March 1 1913. A
similar provision will retire $1,150,000 debentures of the old issue by
maturity, See V. 91, p. 1714; V. 92, p. 730.
-See Producers' Oil Co. above.
Texas Company, Houston.
-The U. S. Circuit Court. of Appeals at
Favorable Decision.
St. Louis on Feb. 13 reversed the decision of the lower Federal
Court in Oklahoma and enjoined the Central Fuel Oil Co. from
breaking the 15-year contract with the Texas Co., dated
June 13 1910, under which the latter is to refine all oil produced by the Central Co. Compare V. 93, p. 531, 733.V. 93, p. 1480.
Union Natural Gas Corporation (Pittsburgh, Pa.).
-For calendar years 1911 and 1910:
Earnings.
Int. on Gas &Elec. Dividends Balance,
Operating
Cal.
Gross
Surplus.
Year-Earnings. Expenses. Bds.,&c. Purchased. (10%).
1911 __$3,779,695 $1,447,958 $240,695 $699,470 $900,000 $491,572
595,280
900,000
218,525
597,986
1,289,589
1910 __ 3,601,380
From the surplus as above in 1911, there was deducted $426,895 for depreciation, against 5525,797 in 1910, leaving 564,677 in 1911, against
572,189.-V. 93, p. 52.
-For calendar years:
-Report.
United States Envelope Co.
Net
Calendar Year- Profits.
1911
5722,378
1910
751,971
-V. 93, p. 1108.
Preferred
Interest
Dividends.
Paid.
$98,692 (9)$356,250
102,988 (8%) 300,000
Depredation.
$48,822
75,887
Balance,
Surplus.
5218,614
273,096
Balance
$2,093,480 $2,068,811
Mileage of Street Railway-Capacity of Power Plants, &c.
Allies equivalent single track operated, $1,130 in 1911, against 1,092 in
1910. Passengers carried in 1911, 5300,330,000, against 286,943,000; total,
connected electric lighting load equivalent to (in 16 c. p. lamps) 2,341,880,
against 2,094,920. Total commercial power load, approximately 130,000
h. p., against 112,100 h. p., total combined power station capacity, approximately 219,872 h. p.. against 185,800 h. p.. of which there Is generated
by water power 96,720 h. p. and 84.400. respectively. Total gas output in
1 911 1.390.157.200 cu. ft.
- E. Eyman announces his resignation as Treasurer of
L.
the bondhouse of Carstens & Earles, Inc., of Seattle, and
establishment of a new bond firm, Eyman & Company,
the
at 1604 and 1605 Hoge Bldg., in that city. They will deal
specially in public securities of the Racific Northwest.
Before going to Washington, Mr. Eyman was long associated
with Devitt, Tremble & Co., and other prominent Chicago
bond houses.
- illustrated issue of the "Natomas News" published
An
by the "Natomas Consolidated of California" (Sacramento)
describes in attractive fashion something of the land development work in which the company is engaged in the heart
of the rich Sacramento Valley-reclamation, irrigation,
gold dredging and rock crushing. Louis Sloss & Co., San
Francisco and Sacramento,are handling the company's bonds.
Louis H. Hosmer has this week been admitted into the
firm of Risse & Webb, 74 Broadway, this city, which will
hereafter be known as Hosmer, Risse & Webb. Mr. Hosmer
was formerly connected with the banking department of the
Equitable Life Assurance Society.
-B. F. McGee, forMerly head of the bond firm of McGee
& Co. and later, associated with Everz & Co., all of Chicago,
has accepted a position as salesman in the bond department
of Alfred L. Baker & Co.
-Alfred Mestre & Co., New York, have issued a special
circular describing the securities of Liggett & Myers Tobacco
Co. and P. Lorillard Co.
-Stacy & Braun, bankers, of Toledo, Ohio, announce
that H. Ellwood Cree will be in charge of the firm's office in
Cincinnati, which is located in the Mercantile Library Bldg.
t
-Attention is called:td: theNistyofAinvestment issues advertised on another page by Kean, Taylor & Co.
492
THE CHRONICLE
[VoL. wocxxiv.
worts and Documents.
THE NORTHERN CENTRAL RAILWAY COMPANY
FIFTY-SEVENTH ANNUAL REPORT
-FOR THE YEAR ENDING DECEMBER 31 1911.
Baltimore, Md., February 14 1912.
Your proportion of advances to the Elmira & Lake OnThe Board of Directors herewith submit to the stock- tario Railroad Company to pay necessary construction exholders of the Northern Central Railway Company a synopsis penditures, and its fixed charges and other expenses, which
of their Annual Report for the year 1911:
could not be borne by its revenues, was decreased during the
Operating revenues-all lines directly operated
$12,745,866 84 year, due chiefly to a reduction in construction expenditures.
expenses
Operating
10,726,344 70
The Net Income for the year, after the payment of all
Net operating revenue
$2,019,522 14 charges, was $1,840,874 36 a decrease of $18,251 33 com;
Outside operations
pared with 1910, out of which were paid the regular semiTotal revenues
$10,751 00
Total expenses
annual dividends, aggregating 8%, and the balance of
4,533 19
6,217 81 $293,474 36 was transferred to the
Reserve for Additions
Total net revenue
$2,025,739 05 and Betterments, for future construction expenditures.
Taxes on
Northern Central Railway and leased lines
418,562 69
Operating Income
$1,607,177 26
Deduct rentals paid (roads operated on basis of net revenue)_
95,115 43
Net operating income of The Northern Central Railway
Company
$1,512,061 83
To which add
$916,501 50
Interest on investments
Interest general account, rents and other items 465,549 63
1,382,051 13
$2,894,112 00
Gross income
Deduct
$315,470 66
Fixed rentals of leased roads
347,315 00
Interest on funded debt
Hire of equipment, interest on mortgages and
ground rents, interest Car Trusts, and other
390,452 94
Items
1,053,238 60
Net income
From this amount there have been deducted
Cash dividends aggregating 8 per cent
$1,840,874 36
1,547,400 00
Balance transferred to Reserve for Additions and Betterments
$293,474 36
Amount to credit of Profit & Loss, 31st December 1910_,_ $9,657,391 23
Less sundry net debits during the year
20,021 90
Balance to -credit of Profit & Loss, 31st December 191L__$9,637,369 33
GENERAL BALANCE SHEET (CONDENSED) 31ST DECEMBER 1911.
ASSETS.
-Road and Equipment
Property Investment
$32,044,986 20
Securities Owned
6,793,982 40
-Miscellaneous Investments
Other Investments
6,245 03
Working Assets
Cash
$2,258,073 84
Securities issued or assumed-held in Tressury
12,000 00
Balances due from other companies
947,679 08
Net balance due from agents and conductors 335,279 58
Miscellaneous Accounts Receivable
166,880 31
Materials and Supplies
799,912 14
4,519,824 95
14,535 85
Accrued Income Not Due
Deferred Debit Items
Temporary advances to Proprietary, Affili$195,564 02
ated and Controlled Companies
Cash & Securities in Sinking and Redemp576,000 00
tion Funds
Cash & Securities in Insurance & Other Re1,265,974 55
serve Funds
Working Funds & Other Deferred Debit Items 16,978 49
2,054,517 06
$45,434,091 49
Total
LIABILITIES.
$19,342,550 00
Capital Stock
Mortgage, Bonded & Secured Debt
7,326,215 45
'.
Working Liabilities$1,523,387 92
Balances due to other companies
670,835 89
Audited vouchers & wages unpaid
833,544 53
• Miscellaneous accounts payable
777,960 00
Matured interest, dividends & rents unpaid_
3,805,728 34
•
Accrued Liabilities not dueUnmatured interest, dividends & rents pay$132,063 90
,
able
216,108 57
Taxes accrued
348,262 47
2,641 52
Deferred Credit items
Appropriated Surplus
Additions to property since 30th June 1907,
$2,324,557 48
through Income
Reserves from Income or Surplus
576,892 38
Invested in Sinking & Redemption Funds
1,265,974 55
Invested in Other Reserve Funds
379,388 43
Car Trust Principal charged out in advance_
Reserve for additions & betterments
424,511,54
4,971,324 38
9,637,369 33
Profit & Loss
Total
$45,434,091 49
TRAFFIC.
The number of tons of freight moved was 22,654,778, an
increase of 71,768, or .32%. The number of passengers
carried was 4,882,417, a decrease of 267,800, or 5.20%.
GENERAL REMARKS.
INCOME.
The gross operating revenues for the year show a small
decrease, the passenger revenue increasing but the freight
revenue decreasing. The operating expenses also show a
slight decrease compared with 1910, but transportation expenses increased, due to increase in the cost of fuel and its
transportation and to the general increase in wages of employees and adjustment in the rate of pay of trainmen being
effective for the entire year, as against a portion of the year
in 1910.
The Maintenance expenses include $267,409 01 for extraordinary replacement charges connected with the demolition and rebuilding of Union Station, Baltimore, and its
tracks and approaches; and Mount Vernon repairing and
engine-house facilities removed to Orangeville.
CONSTRUCTION, EQUIPMENT AND REAL ESTATE.
The Construction, Equipment and Real Estate expenditures for the year aggregated $2,049,714 73, and consisted
mainly of the items hereinafter,named.
Construction
Baltimore, Union Station
$826,795 42
Orangeville Enginehouse and Machine Shops (portion of cost) 24,689 96
Changes in Mt. Vernon Yard
82,252 08
Baltimore, Canton, Elevator No. 3, deepening and widening
and widening docks, basin and channel
27,160 66
Northumberland Classification Yard (portion of cost)
544,818 31
EquipmentNew locomotives
67,171 81
Of the above amount, $1,281,956 16 was charged to
Capital Account and the balance against your Reserve for
Additions and Betterments, leaving a balance, including
the amount transferred from Income for the year, of $424,511 54 in the latter account.
It is now obligatory, under the Balance Sheet prescribed
by the Inter-State Commerce Commission, to include, in
the Cost of Road and Equipment, all Construction, Equipment and Real Estate expenditures made out of net income
or Reserve for Additions and Betterments since June 30 1907.
There is an offsetting liability permitted on the credit side of
the balance sheet entitled 'Additions to Property since
June 30 1907, through Income."
The value of equipment on the General Balance Sheet
also includes $576,909 49 covering equipment purchased
since June 30 1907 out of the reserve for depreciation of
equipment, established under the regulations of the InterState Commerce Commission, by charges against Operating
Expenses. From the total cost of the equipment there is
then deducted, as will be noted on the balance sheet, the
accrued depreciation of equipment, amounting since June 30
1907 to $742,311 81, so that the net value of the equipment
can be ascertained. In accordance with these regulations,
this accrued depreciation can be reduced only to the extent of the original cost of any equipment retired, but as
the original cost is not sufficient to replace the equipment
retired and provide for the accrued depreciation, your Company, in conformity with its established practice, will
maintain the standard and value of the equipment by purchasing new equipment to theifull extent of such depreciation
reserve, and the difference between the $742,311 81, and
the $576,909 49 will be spent for equipment ordered but
not yet received.
The Union Station at Baltimore was opened for service on
Sept. 15, and the changes in tracks and other facilities at that
point are almost completed.
The new Northumberland Classification Yard, constructed at the joint expense and for the joint use of your Company and the Pennsylvania Railroad company, and the new
yard and engine-house at Orangeville, constructed at the
joint expense and for the joint use of this Company and the
Philadelphia Baltimore & Washington Railroad Company,
were completed and are now in service.
The enlargement of the Mount Vernon Yards, Baltimore,
referred to in the last annual report, for use in the classification of north and south-bound freight traffic, is progressing
rapidly and will probably be completed during 1912.
There were 5,090 tons of new steel rail and 238,248 crossties used in repairs and renewals during the year.
The status of the proposed lease of your railroad, property
and franchises to the Pennsylvania Railroad Company,
as fully explained in the annual report for 1910, is practically unchanged, because of the litigation pending in the
United States Circuit Court for the Eastern District of
Pennsylvania and for the District of Maryland, respectively.
The lease has been duly approved and authorized by both
companies and by the Public Service Commission of Maryland, and but for the said legal impediment would have been
promptly executed and delivery of the same accepted by the
lessee. Under its provisions the lease and the rental payments became effective Jan. 1 1911, and, therefore, when
the lease is fully executed and delivered, it will necessitate a
just and equitable accounting between the lessor and the
lessee, in such manner as will properly protect and preserve
the rights and interests of each party to the lease in conformity with its terms and conditions.
By order of the Board.
JAMES McCREA, President.
THE CHRONICLE
FEB. 17 1912.]
493
CAMBRIA STEEL COMPANY
-FOR THE YEAR ENDED DECEMBER 31ST 1911.
ANNUAL REPORT
MINERAL PROPERTIES.
To the Shareholders of Cambria!Steel Company,
The Board of Directors submits herewith a report of the
The coal, iron ore and limestone properties owned or conoperations of your Company for the twelve months which trolled by your Company continue to produce the greater
ended December 31st 1911.
part of your requirements of these base materials.
INCOME ACCOUNT FOR THE YEAR 1911.
The Income from Operation of your properties after deducting
all expenses incident to same (including those for ordinary
repairs and maintenance, approximately $2,000,000, currently charged during year to cost of production) amounted
_$3,492,789 13
to
_
To which add:
Income from Rentals, Investments in Sundry Securities,
125,544 53
&c.; and Interest on Bank Accounts
$3,618,333 66
Earnings
Less expended for rrrrrrrrrrrrr Replacements, not properly
_r
369,587 89
chargeable to cost of production$3,248,745 77
Net Earnings
Deduct Fixed Charges under Cambria Iron Company Lease
471,407 14
and Interest on Term Notes__-------------- ----32,777,338 63
-Twelve Months_
Net Income
Dividend No. 22, May 15th 1911
23, Aug. 15th 1911
24, Nov. 15th 1911
25, Feb. 15th 1912
$562,500
562,500
562,500
562,500
Surplus Net Income for Year
Which has been distributed as follows
General Depreciation Account-
2,250,000 00
$527,338 63
150,000 00
Balance carried to Profit and Loss Account _____
______
$377,338 63
Profit and Loss Account December 31 1910 ____________ __$2514,089 86
.377,338 63
Balance of Income Account transferred as above _
$2,791,428 49
Reduced by bad or doubtful accounts in 1911 ....$30,049 27
Less collection of accounts charged off in previous
years
22,724 60
7,324 67
$2,784,103 82
Profit and Loss Account December 31 1911 _
CAMBRIA STEEL COMPANY-BALANCE SHEET DEC. 31ST 1911.
ASSETS.
Leasehold
Property, Works, Coal, Ore Lands, &c., subject to payment
of $338,720 annual rental under Cambria Iron Company
Lease for 999 years, being 4% on $8,468,000 Cambria Iron
Company's Stock$33,090,30468
Plant Additions to Dec. 31 1910-- ---------$14,636,943 87
Plant Additions year ended Dec. 31 1911 _ 1,430,855 79
16,067,799 66
$49,158,104 34
OwnershipEquipment Additions
$1,214,376 01
Real Estate _
422,932 46
Sundry Securities, Stock in Ore and Steam1,592,209 92
ship Companies, &c
3,229,519 29
Current Assets
Inventory Account
Materials, Supplies and Products...$11,192,071 23
603,092 12
Cash
3,695,814 21
___
Accounts Receivable
92,865 22
Bills Receivable
15,583,842 78
$67,971,466 41
ITIES.
-------------------._$45,000,000 00
*Capital Stock...
2,000,000 00
-Term Notes_
Bills Payable
89,581 48
Reserve for Blast Furnace Relining
4,000,000 00
General Depreciation Account
Betterment and Improvement Account
_ _ __._ ... 11,690,039 07
Profit and Loss
'2,784,103 82
Current Liabilities
Accounts Payable, including Dividend No. 25, $562,500___ 2,407,742 04
$67,971,466 41
• The authorized Capital Stock named in Charter is $50,000,000, of
which $45,000,000 have been issued. The remaining $5,000,000 of stock
cannot be issued at less than par.
COMPARATIVE STATEMENT OF INCOME ACCOUNT.
1007.
1908.
1909.
1910.
1911.
5,295,126 2,207,420 3,329,849 5,461,335 3,618,334
Earnings
Less Extraordinary
514,529
369,588
315,571
405,571
312,172
Replacements
Net Earnings
Fixed Charges
4,982,954 1,891,849 2,924,278 4,946,806 3,248,746
393,474 471,407
420,687 398,093 386,191
Income
-12 Months_ 4,562,267 1,493,756 2,538,087 4,553,332 2,777,339
Inventory Deprecia300,000
tion
Net Income
Dividends
4,262,267 1,493,756 2,538,087 4,553,332 2,777,339
1,350,000 1,350,000 1,800,000 2,250,000 2,250,000
Surplus Net Income for
2,912,267
Year
Expended in General
500,000
Depreciation
Charged to Betterments
and Improvements_2,400,000
143,756
100,000
738,087 2,303,332
527,339
500,000
150,000
100,000
200,000 2,090,039
Balance Carried to
12,267
43,756
Profit and Loss
38,087 113,204 377,339
Profit and Loss at Close
2,356,218 2,403,707 2,398,728 2,414,090 2,784,104
of Year
The curtailment in demand for your products which
existed during the latter part of the year 1910 continued
during the entire year just ended.
Lower prices than those prevailing in 1910 were increasingly in evidence in many products from the first of the year,
until in June, under the stress of acute competition, the
market became practically demoralized.
In no class of your products was the curtailment in demand more marked than in the purchases by the railroads.
In 1910 such purchases were: 43.7% while in 1911 but 25%
of your total shipments.
COAL.
Your Johnstown mines produced during the year 1,313,073 gross tons of coal.
The question of increasing your coke production to practically the requirements of your works by the construction
of additional lay-Product ovens has had constant attention.
Your Company was the pioneer in the United States in the
development of By-Product ovens for the production of
metallurgical coke, and your plant of 372 Otto-Hoffman
ovens, each 43 tons capacity, is producing a coke from the
local low volatile coal that has proved by years of daily use,
side by side, equal to the best Connellsville or Standard coke.
Later construction elsewhere has been of ovens of 10 to 20
tons capacity, using a non-swelling coal. As the large unit
is the logical size for economy of production, it has been the
aim of your staff to adopt this capacity of oven for your local
coal. This coal, however, with its swelling character,
introduces a construction problem that, owing to the large
investment involved in the erection of By-Product ovens,
has delayed recommendation for additional ovens pending
more exhaustive studies and tests. The use of a portion
of higher volatile coal to produce a non-swelling mixture
introduces problems of cost; and would make necessary the
purchase of a large acreage of high volatile coal; whereas your
acreage of local coal adjoining your plant is sufficient'to
supply your works' consumption of coke for fully seventyfive years.
Both your own experts and those of the various oven construction companies have been at work diligently in the
solution of the problem.
LIMESTONE.
There was used at your works 394,251 gross tons of limestone. This curtailed requirement was an insufficient tonnage
upon which to operate your quarries in both districts economically, yet greater than could be produced from either
one; consequently, the quarry in Mifflin County, carrying
the higher freight rate, was closed, and operations concentrated at the Blair County quarry, and a deficiency, representing 25% of your needs, was purchased in the latter district at an ultimate economy.
E.Friro
ORE.
The Penn Iron Mining Company, of which you control the
entire capital stock, shipped from its mines on the Menominee Range, Michigan, 377,026 gross tons of iron ore, of
which 311,644 were brought to your works and 65,382
docked at Lake ports.
This property is in excellent physical condition, and your
Manager reports 11% more ore in sight at the close of the
year than at the beginning.
TheiRepublic Iron Company, of which you own over
9932% of the capital stock, shipped from its mines in the
Marquette District 113,012 gross tons of ore, of which 43,726
tons were for use at your works, and the balance of 69,286,
were shipped on account of outside sales. Ore on dock
December 31 1911 was 34,394 gross tons, of which 19,66&
tons have been sold but not delivered, leaving a balance of
14,726 tons for sale. This property is also in good physical
condition, with a small increase in ore reserve in sight at the
close of the year. .
The Mahoning Ore dr Steel Company, of the Mesabi District, Minnesota, of which you control 50% of the capital'
stock, produced 1,011,945 gross tons of iron ore of which
301,320 tons, principally low-grade ore, were sold for account of that Company. Your proportion of the output
was 350,000 tons.*
I[MANUFACTURING PROPERTIES.
F.. The more important expenditures for new plant and bet
terment were upon the following:
CAMBRIA PLANT.
Work on a 6,000-K. W. turbine-driven generator, authorized early in the year, and on the necessary boiler changes
to provide for additional steam required, was carried on
during the year. This new generator will be installed and
operative by April 1912.
An experimental Briquetting Plant to develop the possibility of briquetting your fine ores is being installed at the
1 to 4 Blast Furnace Plant. In Europe a number of Iron.
Works have installed and are operating Briquetting Plants.
The reconstruction of the conveyor in Cambria Blooming
Mill, whereby blooms from both Blooming Mills can be conveyed to either the 30-inch Beam Billet and Slab Mill on
Continuous Mill and the
the south end, or to the 18-inch'
Mill on the north end, was completed about the end of
..• .:• :•. .
the year and is now in service.
494
THE CHRONICLE
GAUTIER PLANT.
The 8
-inch and 12-inch Semi-Continuous Electrically
Driven Bar Mills mentioned in the last annual report as
under construction and work on which, owing to the general
business depression, was virtually suspended for the winter
months, were completed during the year. Owing, however,
to the contined lack of demand for steel products, orders were
not available with which to start these mills until in August
-inch mill and October for the 12-inch mill, and then
for the 8
only for operation on single turn. The somewhat better
volume of business already in evidence permitted the putting of the 8-inch mill on double turn in September and the
12-inch mill on the first of January 1912. The operation
of these mills to date can only be considered in the light of
the usual necessary development period for men and machinery, incident to new plants, and not as having contributed to the year's financial results.
The 13-inch mill was thoroughly overhauled and a new
bed plate and heavier housings, with devices for quicker
roll adjustment, were installed. The 22-inch mill No. 1
was also thoroughly overhauled, a new shaft and a heavier
flywheel placed in the engine, new housings installed and
the mill equipped with power-driven Screw-Down apparatus. Both mills are now in efficient condition for producing
their special lines of product.
FRANKLIN PLANT
Blast Furnace Ore Bridge No. 2 was equipped with a new
machinery tower, much heavier and stronger than the original one, and the bridge structure greatly strengthened.
The structural frames of the Open-Hearth charging machines were rebuilt along stronger and heavier lines.
The 40
-inch Blooming Mill was equipped with new steel
housings and a portion of the foundation rebuilt.
The Axle Finishing Shop of the Steel Car Department
was rearranged, and two new Boring Mills and five heavier
motor-driven Axle Finishing Lathes were installed. A carpenter shop, in which to machine the woodwork for composite cars, was also built and is in service.
A special machine for bending bands for wooden stave pipe
and a dipping plant for coating same with hot asphalt were
installed And are in successful use.
At the Coke Plant the addition to the fireproof Coal Washcry and additional Storage Pits, mentioned in last year's report, to take the place of the old wooden bins now serving
Batteries 1 to 4, together with a new concrete 1,000-ton
Coal Bin between Batteries 2 and 3 and the conveyors for
handling coal, etc., were completed.
The reconstruction of No. 5 Battery of Coke Ovens, with
a new steel supporting structure replacing the old concrete
one, and with the foundations built along lines which are the
outcome of our experience with Battery No. 8, is now going
forward.
ROD AND WIRE PLANT.
Work on the Rod and Wire Mill was pushed actively from
the beginning of the year until the practical completion of
all the departments, and the Rod Mill turned out the first
rods February 15th, 1911. The several departments—Wire
Drawing, Nails, Galvanized Wire and Barbed Wire—became operative at successive periods between April 15th and
December 31st. This completed all departments originally
proposed for the plant with the exception of the Poultry
Netting and Wire Fence Departments, the first of which
will be operative by February 1912, and work on the latter
is progressing. The starting of the several departments of
this plant was successfully accomplished, but,owing to the
handicap of building up an organization, the limited portion
of the year in operation, a severe curtailment in the market
demands and with low selling prices due to keen competition,
the results, while on a remunerative basis for the closing
months, were not sufficient to offset the starting expense,
and have consequently contributed nothing to the year's
net income.
MANUFACTURERS' WATER COMPANY.
This Corporation, of which you control the entire capital
stock, provides the water supply for your works. Your use
during 1911 averaged 76,600,000 gallons daily.
Work on the Quemahoning Reservoir and Pipe Line was
prosecuted steadily throughout the year. Up to December 31st there had been placed in the breast of the dam 482,238 cubic yards of earth, out of an estimated total of 594,238
involved in the finished embankment. There has also been
placed 17,240 cubic yards of concrete in the core wall and
conduit, leaving approximately 8,000 cubic yards yet to
place in the construction of the permanent spillway. Elevation 1,600 feet A. T., the height set by the Consulting
Engineers as the point at which storage of water might begin, was reached on August 26th, when the construction of
the stop wall in the large conduit through which the Quemahoning stream flowed while the dam was under construction
was commenced. Wet weather and consequent high water
delayed the completion of this stop wall until November 14th,
when the storage of water commenced. On December 15th
the pool had reached elevation 1,580, the level of the temporary spillway, the amount of water stored being 2,735
million gallons.
The 72,586 feet of 66-inch diameter steel pipe comprising
the main line, and the 10,150 feet of steel and cast iron
[VOL. Lxxxxiv.
works' branches for the distribution system to the several
plants were completed and water was turned into the system
on December 19th. By the end of the year a maximum of
seventy million gallons per day was flowing through the pipe
line.
The placing of about 112,000 yards of material necessary
to complete the dam, the construction of the permanent
spillway and the gate house and bridge to same, will be completed during 1912.
JOHNSTOWN WATER COMPANY.
This Corporation provides practically the entire domestic
water supply of the city of Johnstown and vicinity. Your
control of about 51%*of the capital stock was the enabling
factor in the organization of this Company in 1866 to provide
this service, all efforts prior to your subscription having failed
to finance such an undertaking.
Work on Salt Lick Reservoir, of 900 million gallons capacity, mentioned in last year's report as under construction,
has progressed favorably. Up to December 31st there have
been placed, by hydraulic sluicing, 502,000 cubic yards of
earth in the breast of the dam, out of an estimated total of
668,000. There have been placed 7,910 cubic yards of concrete in the conduit and core wall, there remaining about
1,900 cubic yards to be placed in the spillway. It is the expectation to supply water from'this reservoir by early spring
from a partial storage of about one-third of the total capacity
of the dam by use of a temporary spillway, and to complete
the entire work by late summer. Funds are provided mainly
from proceeds of a bond issue, the construction cost to date
indicating that the $500,000 estimated to complete will be
sufficient.
LABOR.
No general changes of rates have been made in the forces
employed in any department, and at no time in the history
of your works' operations has there been such a marked and
long-continued drop in the prices at which your products
were sold without one or more general reductions in wages.
Owing, apparently, to the exodus of foreign labor when the
curtailment of operations was first in evidence in the fall of
1910, your Company, in common with others, has been confronted more or less throughout the present year with a,
shortage of labor. During the last half of the year this shortage was especially apparent by the necessity of building up
forces for starting the Wire Mill and the 8-inch and 12-inch
Gautier Mills, and towards the close of the year, by the starting up of the Car Shop, which had been idle practically since
the first of the year and the employees scattered.
GENERAL.
The expenditures for improvements during the year were
confined mainly to the amounts necessary for the completion
of those begun during the previous year. There were, however, a number of comparatively small amounts chargeable
to Improvement Account and covering new equipment
necessary to meet current operating demands with the greatest economy.
The sums expended in ordinary repairs and maintenance
and in replacement and in reconstruction, while less than
last year, in part due to decreased tonnage, does not indicate
any falling off in the physical condition of your plant, which
has been maintained at a high standard of efficiency.
The year has been one of the most trying in the history of
the steel trade—differing from the usual trade depression in
that there was no apprehension of underlying financial conditions, yet a distinct cloud of doubt and uncertainty so
dominated business that consumers' stocks were reduced to
the minimum and buying confined to the immediate necessities of the purchaser. Orders were contingent upon delivery and larger and more diversified stocks had to be carried
to meet the demands and warehouse competition.
Your Board found it advisable on May 1st 1911 to negotiate $2,000,000 5% three-year gold coupon notes, to provide
for current needs. As your additions to plant for the year
amounted to $1,430,855 79, the funds provided by this loan
were largely absorbed in the Improvement Account, and
the balance in working capital necessitated by the expansion
of your business.
The first of the year found the Car Shop without orders,
and after completing a thousand cars from an order of the
previous year, the plant was idle until practically the first
of November, when sufficient orders were obtained to start
on about two-thirds capacity.
The volume of business was somewhat better at the close
of the year, as indicated by an actual tonnage of specifications on your books on December 31st 1911, of 189,077 gross
tons, in comparison with 42,923 gross tons on December 31st
1910.
In presenting the results of the year's operations of your
properties, it should be stated that the management has been
most efficiently supported by your organization.
Respectfully submitted by order of the Board,
EFFINGHAM B. MORRIS, CHARLES S. PRICE,
President.
Chairman Executive Committee.
Philadelphia, Pa., February 2d, 1912.
(Comparative Statistics will be found in the "Railroad Department" on a
previous page.]
FEB. 17 1912.]
495
THE CHRONICLE
The Toinntertial Times.
COMMERCIAL EPITOME.
Friday Night, Feb. 16 1912.
Some progress towards a better condition,of trade is being
made, though the effects of the exceptionally severe winter
are still perceptible. Yet, as the weather is becoming milder
throughout the country, business heretofore held in abeyance
by the unusually low temperatures may be expected to show
some improvement along the conservative lines which it is
very evidently the intention of the mercantile community
of the United States to pursue. Textile industries show
rather more animation. The lower prices for raw cotton are,
of course, a favorable factor from the manufacturers' standpoint. The activity and firmness of the wool market is suggestive of an improved trade in woolen goods.
LARD on the spot has been quiet and steady; prime West4
'ern 9.35c., Middle Western 9.25c., City steam 83 c. Refined lard has been quiet and easier; Continent 9.30c., South
America 10.10c. and Brazil in kegs 11.10c. Lard futures
here have been nominal. At the West the speculation has
been moderately active, with the trend Of prices downward
of late, owing to the lack of any cash demand of importance,
liberal receipts of hogs and selling for the decline by packers.
DAILY CLOSING PRICES OF LARD FUTURES IN NEW Yogic.
iFrt.
Wed. Thurs.
Sat.
Mon.
Tues.
9.10
9.25
9.30
9.40
HoII9.30
May delivery •
9.25
9.55
day.
9.40
9.45
9.45
July delivery
DAILY CLOSING PRICES OF LARD FUTURES IN CHICAGO.
Fri.
Thurs.
Mon.
Tues.
Sat.
Wed.
9.25
Holt9.20
9.223.i 9.1734 9.174
May delivery
day.
9.35
9.40
9.35
9.32 34 9.32 3i
July delivery
COTTON.
Friday Night, Feb. 16 1912.
THE MOVEMENT OF THE CROP as indicated by our
telegrams from the South to-night is given below. For the
week ending this evening the total receipts have reached
303,385 bales, against 364,644 bales last week and 318,215
bales the previous week, making the total receipts since
Sept. 1 1911 9,273,889 bales, against 7,416,446 bales for
the same period of 1910-11,showing an increase since Sept.
1 1911 of 1,857,443 bales.
Receipts at-
Sat.
Mon.
Tues.
Wed.
Thurs.
Fri.
Total.
Galveston
Texas City
Port Arthur, doc_
New Orleans_ _ _ _
12,871 13,238 22,050 11,765 11,800 13,01,3 84,777
1,342 15.622
2,216
2,414
2,933
2,945 3,772
2,807 11,101
8.294
12,721
4,496 6,753 58,102
3,852 19,595 10,685
2,500 2,500
Mobile
9,331
9e4
i55 3.711 1- 897 1- 296 -. 84
739 7
,
,
Pensacola
_
Jacksonville, &c.
410
1,000
232
268
90
Savannah
8,673 9,232 15,336 7,643 8,113 10,876 59,873
Brunswick
7,000 7,000
Charleston
1,287 iiiii 2,471
1,583 12,209
1,711
1,480
Georgetown
Wilmington __ _ _
2,550
2,1015
4;745'
1,2471
3,528
2,978 17,145
Norfolk
3,323 3,639 4,384
3,036 2,086 19,019
2,551
N'port News, &c
1,548
New York
iti
62 ----------30
172
Boston
117
152
469
104
96
Baltimore
3,517
3,517
Philadelphia_
Totals this week_ 44.692 50.468 73.653 40 072 37.141 57.357 303,385
The following shows the week's total receipts, the total
since Sept. 1 1911, and the stocks to-night, compared with
last year:
PORK on the spot has been dull and steady; mess $17 25®
1911-12.
1910-11.
Stock.
Receipts to
$17 75, clear $17 50@$17 75 and family $20@$21. Beef has
This Since Sep This Since Sep
Feb. 16.
been in fair request and steady; mess $12, packet $13, fam1 1911. week.
week.
1 1910.
1912.
1911.
ily $14 50 and extra India mess $21 50@$22. Tallow has Galveston
84,777 2,930,642 38,109 2,460,677 354,385 159,368
been quiet and steady; city 6c. Stearines have been quiet Texas City
15,622 542,537 13,292 280,059
25,356
11,101 173,220
9,325 197,605
4
and easy; oleo 83 @9c. and lard 10@1034c. Butter has Port Arthur, &c_ 58.102 1,228,328 37,600 1,289,872 287,813 188,959
New Orleans__ _ _
been easier, under larger receipts. Creamery extras 31c. Gulfport
47,678
2,641
2,500
31,523
11,000
4,748
Mobile
9,331 312,744
4,279 228,213
84,089
26,673
Cheese has been quiet and firm; State, whole milk, average Pensacola •
156,051
103,312
fancy,colored, 17c. Eggsquiet but firmer;]Western firsts 37c. Jacksonville, &c_ 1,000 46,527
332
22,426
59,873 1,975,459 17.903 1,289,476 228.320
94,849
-Linseed has been dull, and though prices are Savannah
OILS.
Brunswick
7,000 331,198
_ _ __ 213,426
26,799
641
without quotable change the tone is easier, owing to weak- Charleston
12,209 35/3,422
1,252 265,688
50,956
22,256
480
25
956
ness in seed at the Northwest; City, raw, American seed, Georgetown
Wilmington ____ 17,145 451,356
1,459 380,913
28,655
8,708
75@76c.; boiled 76@77c.; Calcutta, raw, 85c. Cotton- Norfolk
19,019 576,556 4,822 513,065
53,121
22,331
3,848
seed oil has been quiet and steady; winter 5.75@6.50c.; N'port News, &c_ 1,548 14,992 ___ _
New York
172
4,141
373
6,645 187,975 291,716
summer white 5.70@6.10c.; crude 4.54@4.67c. Cocoanut Boston
469
41,731
774
32,624
9,067
4,091
3,51'7
81,777
2,196
95,803
12,843
5,284
has been quiet and firm, with stocks small; Cochin 10c.; Cey- Baltimore
50
_ ___
315
3,829
7,551
- --lon 93@93/2C. China wood has been quiet and firm at Philadelphia
11 ®14c., according to grade and position. Corn has been
303,385 9,273,889 134,382 7.416,446 1,364,208 837,175
Total
fairly active and easy at 5.45@5.50c. Lard quiet and steady;
In order that comparison may be made with other years,
prime 75@85c. Cod has been in fair demand and steady
we give below the totals at leading ports for six seasons:
at 52@53c. for domestic.
COFFEE on the spot has been quiet and steady. Rio
1911.
1912.
1910.
1909.
1908.
1907.
No. 7 14 Xc., Santos No. 4 153.c. West India growths Receipts at
have been quiet and steady; fair to good Cucuta 16M@16%c. Galveston _ _ _ 84,777 38,109 35,852 53,035 55,051 99,444
City,&c
6,740
10,497
2,398
The speculation in coffee features has been more active, but TexasOrleans_ 26,733 22,617 15,374 35,890 41,166 71,468
58,102
37,600
New
prices have not moved decisively either way. While many Mobile
9,321
4,279
5,359
7,319
4,101
4,588
_
6,413
11,695
13,205
23,896
are bearish, owing to the persistent aloofness from the spot Savannah _ _ __ 59,873 17,903
7,000
Brunswick _
8.452
7,987
762
markets of the interior dealers, there is no dispositio to take Charleston,&c 12,209
1,277
420
2,285
847
2,971
17,145'
1,459
3,559
6,702
2,725
5,283
Wilmington _ _
the aggressive on the short side. Closing prices follow:
February .13.13c. May
March_ _ _ _13.17c. June
13.16c. July
April
13.160. August _ _13.24c. November 13.180.
13.19c. September 13.276. December 13.16c.
13.22c. October _ _13.22c. January _ _13.150.
-Raw has been more active and firmer. DamagSUGAR.
ing rains are reported in Cuba and the indications are believed
by many to point to a shorter yield than was expected early
in the season. The visible supply in the world is 790,000 tons
smaller than a year ago. Centrifugal, 96-degrees test,
molasses,
4.733c.; muscovado, 89-degrees test, 4.23
89-degrees test, 3.983'c. Refined moderately active and
firmer; fine granulated 5.70c. Hops quiet and firm.
-Refined has been active and firm; barPETROLEUM.
rels 8.10c.; bulk 4.60c., and cases 9.90c. Gasoline has been
in brisk demand and firm; 86 degrees in 100-gallon drums
'20Mc.; drums $7 50 extra. Naphtha active and firm;
73@76 degrees in 100-gallon drums 18c.• drums $7 50 extra.
Spirits of turpentine steady at 50@50Ac. Rosin has been
quiet and steady; common to good strained $6 75.
--There has been an absence of new developTOBACCO.
ments of importance in the domestic leaf situation during the
week. Manufacturers have in many cases continued to
•purchase on a hand-to-mouth scale, and the aggregate movement has by no means been important. Yet with stocks of
'desirable material down to a low ebb, the market has remained firm. Sumatra is moving in a small volume, the
buying being merely for current needs in the absence of
tempting selections. Users of this kind of leaf are preparing
to go abroad for the spring inscriptions. Havana is in fair
demand and firm.
COPPER on the spot has been quiet; Lake 14 Yi@l4%c.;
'electrolytic 14.10@14.15c. There has been an increased
demand for April delivery of late, however, and the tone of
the market is firmer. Tin has been easier under prospects of
larger supplies in the near future; spot $43. Spelter has been .stronger at 6.60c. for spot. Lead has been firmer at 4.10c.
for spot. Iron has been easier, with the purchasing confined
to comparatively small quantities. No. 1 Northern $14 75
@$1525; No. 2 Southern $14 50@$14 75. Pipe. works report increased orders for their product.
Norfolk
N'port N., ikc
All others_ _ _ _
19,019
1,5481
7,658
4,822
6,316
4,441
273
22,908
5,617
488
3.609
6,009
78
5,308
Total this wk.
303.385
134,382
101,339
141,612
134,208
8,906
1,582
18,105
245,649 .
Since Sept. 1_ 9,273,889 7,416,446 5,879,297 7,911,638 6,705,512 7,979,630
The exports for the week ending this evening reach a total
of 266,133 bales, of which 97,333 were to Great Britain,
24,379 to France and 144,421 to the rest of the Continent.
Below are the exports for the week and since Sept. 1 1911:
West ending Feb. 16 1912. From 'Sept. 1 1911 to Feb. 16 1912.
Exported toExported to-.
Exports
from-
ContiGceat
ContiGreat
Britain.Fence. neat. Total. Britain. !France. nent.
Total.
Galveston _
11,739 9,089 44,161 64,9891,090,086232,077 966,3972,288,560
Texas City-- --14,69
1
12,002 26,692 368,568, 79,335
69,148 517,051
Pt. Arthur, do.
8,294
13.636' 55,509
8.294
56,394 125,539
New Orleans.. 46,633 6,996 13.486 67,115 507,1111 115,943 324,093 947,147
Mobile
82,26
_t 57,5051 37,713
177,486
Pensacola _ _ _
1 45,226 40,637
70,4
156,351
Gulfport
21,232
15,44
36,678
Savannah
7,644
58,698 66,342 354,267151,440 829,2851,334,992
Brunswick _ _
138,422
147,23
285,652
Charleston..
29,1861__. 176,10
205,294
Wilmington_ __
101.120105,545 190,736 397,401
1,200
Norfolk
12,
2,359
15,247
Newport News
9,792 21,522 168,689 61,245 193,214 423,148
11,73
New York
4,097 110,617
13oston
4,097
4,922 115,539
400
400
98,172
15,363 4.839 77,970
Baltimore
800
52,928
40,459
800
12,469
Philadelphia '
2,8
2,800
Portland, Me._I
140,610 140,610
3,513 3,513
San Francisco.'
78,149
78,149
1,169 1.169
Seattle
38,952 38,952
Tacoma
Portland, Ore.1
Pembina
4,81
4,§11
Detroit
1,2615
Total
I 97,33324,379144,421266,1333,060,761905,5153,476,2387,442,514
Total 1910-11: 72,62
9,406 82,544164,5792,851.906 769,5982,319,2995,940,803
'
In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
cleared, at the ports named. We add similar figures for
New York.
496
On Shipboard, Not Cleared for
Great
GerOther Coast- Britain. France many. Foreign wise.
Feb. 16 at
Total.
Total 1912
Total 1911
Total 1910_ _
Leaving
Stock.
245,584
240,375
202,860
45,456
32,297
33,721
179,475
82,049
80,490 40,226 104,676 52,407 24,592 302,391 1,061,817
47,708 24,426 34,461 39,855 14,516 160,966 676,209
20,246 7,113 35,098 19,527 10,013 97,997 560,366
13.50
9.80
8.81
9.38
8.88
6.62
8.25
7.06
1896.c
1895
1894
1893
1892
1891
1890
1889
7.88 1888_e
7:9
1
9.12
7.19
9.06
11.31
10.06
1:r6
1885
1884
1883
1882
1881
10.62
9.50
9.06
11.19
10.75
10.25
11.62
11.56
WW
WW
0
4:1
.. .. .1
00 00 Of
66 6
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Week.
1904_c
1903
1902
1901
1900
1899
1898
1897
66 66
,
10.35
14.00
14.80
9.85
11.35
11.00
11.25
7.90
44 44 44 66 66 44 WI
AA .0 wo AO NA .1.•0 MI
Friday,
Feb. 16.
NEW YORK QUOTATIONS FOR 32 YEARS.
The quotations for middling upland at New York on
Feb. 16 for each of the past 32 years have been as follows:
44 1.6 Al
woo mo -11
Thursday,
Feb. 15. ;
Wed. Thurs. Fri.
10.70 10.50 10.35
,
..Cl
1
Mon. Tues.
H. 10.65
CO
Wednesday,
Feb. 14.
Sat.
10.65
00
1 (0
1 (0
I@ I@ I@
I@
.. "" 0 .. .. I@ .. .. .. I@ .. ..
. 00 00 ." 00 I@I@. I® I®
00 00
00
00 00 0 00 00
Tuesday,
Feb. 13.
Feb. 10 to Feb. 16Middling uplands
la
ce
p
a
,
ti
2
.
WRIVNARTR1RTRIRIRWaggi
P.x 4 ag aglag -glag ag ag ag , ag I ag
go go g No'n. g i g go g go go go
.. .. .. 00 .. 00 00 .. . .. ..
00 00 00 .. 00 .. .. .. 01 00 00
00 00 1
k-4:, oo NO WO NN NO OW
;,... ow 1.4 46 66 44 64 66 454 6 6. 66
cao
Cl
Monday,
Feb. 12.
Speculation in cotton for future delivery has been active at
times, but a recent sharp advance has been succeeded by a
violent break. The market had become overbought. When
profit-taking started on Tuesday and Wednesday last, particularly on Wednesday, it was found to be honeycombed
with selling orders from all directions. Large spot interests
are believed to have sold freely, also the South against actual
cotton, and Waldorf-Astoria, Texas and Memphis operators,
seeing this and that the Liverpool market was toppling,
attacked vigorously, and their sales on Wednesday had much
to do with forcing prices to a lower level. They continued to
sell on Thursday., though the decline on that day, particularly in the last hour, was largely due to reports that a coal
strike had been started in England. It turns out that this
was a misunderstanding. A Glasgow, Scotland, despatch
stated that a reflex of the threatened national coal strike,
which will go into effect on Feb. 29 unless in the meantime
the mine-owners accept the principle of a minimum wage for
all men and boys employed underground, is seen in the issue
of notices given by the blast-furnace owners throughout Scotland to their workmen. The contracts of the workmen are
thus terminated on Feb. 29. The furnace-owners are of the
opinion that a national coal strike is inevitable. It would
affect about 800,000 men. The South, moreover, has latterly been more disposed to sell cotton. It is also asserted
that some exporters at the South have been re-selling their
purchases. It is not believed that this has been done on any
extensive scale, but the fact that there should have been any
at all has had more or less effect. It is also said that there
has been some selling of the
months
next-crop
by the South on the idea that if prices remain on anything
like their present plane, there is little or no likelihood of any
decrease in acreage. Indeed, it is regarded as by no ineans
an impossibility that there may be some increase in the
Southwest. Sales of fertilizers in parts of the South are said
to be increasing. Further welcome rains have fallen in Texas.
Silver, after rising rapidly, has within a day or two reacted.
There has been some trouble among the Syrian weavers at
Fall River. Italian mills are said to be complaining of the
quality of some of the cotton shipped to Italy from this country. The latest reports are to the effect that the higher
grades are much more plentiful at the South than some of
the recent reports would make it appear. As some view the
matter, the available crop now promises to exceed even
16,000,000 bales,if prices remain at or about this level. The
spot sales at Liverpool, which a short time ago were 12,000
to 15,000 bales a day, have latterly dropped to 10,000 bales,
and to-day were only 8,000 bales. Continental operators
and Liverpool "jobbers" have been large sellers in Liverpool. It is noticed, too, that the reports from Manchester
are less optimistic than recently in regard to the new business.
The British mills recently sold very heavily. The receipts
at our Southern ports have been so large as to encourage
the believers in maximum-crop estimates. On the
the other hand, New York prices are so low in
comparison with those current at the South that the stock
here is slowly decreasing. New York is in fact regarded
as the cheapest cotton market in the world. Bulls regard
the late decline as merely a natural reaction after a rise of
nearly 200 points since the middle of December. The decline,
in view of such an advance, they regard as no more than
natural. They claim that it will be short-lived. They believe that the European consumer will continue to buy freely
lest something should happen to,the next crop which would
put prices back to the dreaded high level of the last few years
which so disorganized the textile industry on both sides of
the water. They also direct attention anew to the fact that
sales for years ahead,even to 1916-17, range anywhere from
1,000,000 to 2,000,000 bales and must be hedged in this crop
and succeeding ones and kept hedged, thereby removing just
so much cotton from the available supply. To-day prices
declined in sympathy with Liverpool and on renewed liquidation. Spot cotton closed at 10.35c. for middling uplands,
a net decline for the week of 15 points.
The official quotation for middling upland cotton in the
New York market each day for the past week has been:
FUTURES.
-The highest, lowest and closing prices at
New York the past week have been as follows:
Saturday,
Feb. 10.
New Orleans_ _ 11,310 5,006 10,232 15,386
295 42,229
Galveston _ _ 35,782 6,451 41,859 28,021
1,897 114,010
Savannah _ _
1,300 6,600 11,560 6,000
25,460
Charleston_ _ _
3,500
5,500
2,000
Mobile
9,098 17,869 22,025
3:666 51,792
Norfolk
19,400 19,400
New York_ __ _
1,500 2,500 3,000 1,500
8,500
Other ports__ _ 18,000 2,000 14,000
35,500
1,500
1912_0
1911
1910
1909
1908
1907
1906
1905
Lxxxxiv.
THE CHRONICLE
li,-, I*2 l'g it it. l'.4 i;r, ik
THE VISIBLE SUPPLY OF COTTON to-night, as made
made up by cable and telegraph, is as follows. Foreign
stocks, as well as the afloat, are this week's returns, and
consequently all foreign figures are brought down to Thursday evening. But to make the total the complete figures
for to-night (Friday), we add the item of exports from the
United States, including in it the exports of Friday only.
February 16Stock at Liverpool
Stock at London
Stock at Manchester
1912.
1911.
bales.1,110,000 1,312,000
1,000
8,000
87,000 109,000
Total Great Britain stock
Stock at Hamburg
Stock at Bremen
Stock at Havre
Stock at Marseilles
Stock at Barcelona
Stock at Genoa
Stock at Trieste
Total Continental stocks
1910.
1909.
988,000 1,382,000
3,000
10,000
62,000
83,000
1,198,000 1,429,000 1,053,000 1,475,000
8,000
4,000
9,000
11,000
461,000 251,000
265,000 447,000
330,000 275,000 452,000 ' 359,000
3,000
2,000
3,000
4,000
17,000
16,000
9,000
45,000
32,000
61,000
70,000
76,000
2,009
2,000
4,000
1,000
853,000
611,000
812,000
943,000
Total European stocks
2,051,000 2,040,000 1,865,000 2,418,000
India cotton afloat for Europe_ _ _
64,000
172,000 282,000
152,000
Amer. cotton afloat for Europe_ _1,015,209 627,792
311,505
536,508
Egypt,Brazli,&c.,aflt.for Europe_
75,000
62,000
39,000
67,000
Stock in Alexandria. Egypt
279,000
259,000
196,000 310,000
Stock in Bombay, India
534,000 446,000 625,000 465,000
Stock in U. S. ports
1,364,208
837,175 658,363 817,387
Stock in U. S. interior towns_ _ 726,985 616,803 690,302 794,206
U. S. exports to-day
20,720
43,777
34,777
21,788
Total visible supply
6,144,179 5,082,458 4,687,890 5,603.878
Of the above, totals of American and other descriptions arc as follows:
American
Liver ool stock
bales.1,000.000 1,182,000 908,000 1,283,000
Manchester stock
91,000
50,000
68,000
63,000
Continental stock
567,000 758,000 889,000
827,000
American afloat for Europe
1,015,209 627,792 311,505
536,508
U. S. port stocks
1,364,208 837,175 658,363 817,387
U. S. interior stocks
726,085 616,803 690,302 794,206
U. S. exports to-day
21,788
34,777
20,720
43,777
Total American
East Indian, Brazil, ctc.Liverpool stock
London stock
Manchester stock
Continental stock
India afloat for Europe
Egypt, Brazil, dm., afloat
Stock in Alexandria, Egypt
Stock in Bombay, India
Total East India, &c
Total American
•
5,031,179 3,943,558 3,396,890 4,431,878
110,000
1,000
24,000
26,000
64,000
75,000
279,000
534,000
130,000
8,000
18,000
44.000
172,000
62,000
259,000
446,000
80,000
3,000
12,000
54,000
282,000
39,000
196,000
625,000
99,000
10,000
15,000
54,000
152,000
67,000
310,000
465,000
1,113,000 1,130,000 1,201,000 1,172,000
5,031,179 3,945,558 3,396,890 4,431,878
Total visible supply
6,144,179 5,082,558 4,687,890 5,603,878
Middling Upland, Liverpool
5.00d.
7.56d.
8.10d.
5.85d.
Middling Upland, New York_ _
14.800.
14.000.
9.85c.
10.35c.
Egypt, Good Brown, Liverpool_._
103d. 15 9-16d. 8 1146d.
10d.
Peruvian,Rough Good, Liverpool
11.30d.
10d.
9.10d.
7.75d
Broach, Fine,,Liverpool
5.00d.
5%d. 7 746d. 7 946d.
Tinnevelly, Good, Liverpool
730. 5 15-16d.
5 11-16d. 7 546d.
Continental imports for the past week have been 200,000
bales.
The above figures for 1912 show an increase over last week
of 23,162 bales,a gain of 1,061,621 bales over 1911,an excess of 1,456,289 bales over 1910 and a gain of 540,301 bales
over 1909. ,
FEB. 17 1912.1
-that is,
AT THE INTERIOR TOWNS the movement
the receipts for the week and since Sept. 1, the shipments
for the week and the stocks to-night, and the same items
for the corresponding period for the previous year-is set
out in detail below.
CD'
CD
CD
497
THE CHRONICLE
0e
P0
5
qWlai1
-H ;tEg,'iTggag`km
P6-go1i e
Ol.13.
.:
•
Closing Quotations for Middling Cotton onWeek ending
February 16.
Galveston
New Orleans...._
Mobile
Savannah
Charleston
Wilmington
Norfolk
Baltimore
Philadelphia
Augusta
Memphis
St. Louis
Houston
Little Rock____
Sarday. Monday. Tuesday. Wed'day. Thursd'y. Friday.
11
1034
10 7-16
10 5-16
1034
10
1034
1034
10.90
1034
1034
1034
11
10
11
1034
10 7-16
10 5-16
1034
10 3-16
1034
10341034
1034
11
10
11 1-16
1034
10 7-16
10 5-16
1034
10 5-16
1034
1034
10.90
1034
1034
1034
11
1034
11
1034
1034
1034
1034
1034
1034
1034
10.95
1034
1034
1034
11
lot'
1034
1034
1034
103(
1034
103(
101%
1034
10.75
1034
1034
1034
1034
1034
10%
1034
10718
10%
10%
10%
1034
1034
10.60
1034
1034
10%
1034
1034
NEW ORLEANS OPTION MARKET.
-The highest,
lowest and closing quotations for leading options in the New
Orleans cotton market for the past week have been as follows:
!91
C)
Sarday. Monday, Tuesday, Wed'day, Thursd'y, Friday,
Feb. 10. Feb. 12. Feb. 13. Feb. 14. Feb. 15. Feb. 16.
50
CD
co
00
CD
CD
CD
CD
CD
"oo
00
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000..10.000.10W0000m0000C4.440
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i"
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a.:-4.- Orsal:000.- l00'0-.1c.314,-..e.s."-.1.ON, ...looe.“0,...
cooc 04,.o...ocoorAna.traot..olvc.s..4...,,,,tve, 000 - 10oNo,
,
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CD Nmoo wo...1.-..NOC.3,1420,.O.O...1cOOD0c0001 ....I 47014000
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N
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N.WN0 NWCA.N..10N0 04...14....4.4N
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04.000.4*.4.000CoN0.400
:
4FR.
Movement to February 17 1911.
CD
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.
N.N
0
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4 ....CA
40 N.
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,10.001
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0
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3
0
2
Movement to February 16 1912.
eio
7-•
The above totals show that the interior stocks have decreased during the week 41,809 bales and are to-night 110,182
bales more than at the same time last year. The receipts
at all towns have been 110,401 bales more than the same
week last year.
OVERLAND MOVEMENT FOR THE WEEK AND
-We give below a statement showing the
SINCE SEPT. 1.
overland movement for the week and since Sept. 1, as made
up from telegraphic reports Friday night. The results for
the week and since Sept. 1 in the last two years are as follows:
-1911 12
Since
Week. Sept. 1.
25,711
403,617
1,798
39,532
235
2,854
6,813
102.797
4,707
71,542
5.743
127,595
9,518
257,387
February 16ShippedVia St. Louis
Via Cairo
Via Rock Island
Via Louisville
Via Cincinnati
Via Virginia points
Via other routes. eoo
Total gross overland
Deduct Shipments
Overland to N. Y., Boston, &o
Between interior towns
Inland, doe., from South
Total to be deducted
-1910..1 1------Since
Week. Sept. 1.
15,423
393,341
4,786
162,563
232
25,658
4,649
100,162
2,322
53,967
2,963
121,083
3,976
126,543
54,525 1,005,324
4,158
957
769
5,884
34,351
127,609
38,627
24,322
3,343
1,278
681
190,648
5,302
983,317
135,387
23,408
29,877
188,672
February
Range
- ® -- ® - ® - ® -10.38 -® Closing
10.64-.68 10.50-.54 10.62-.65 10.39-.43 10.27-.31 10.19-.23
March
Range
l0.70-.78 10.60-.69 10.50-.77 10.47-.77 10.37-.57 10.19-.36
Closing
10.74-.75 10.60-.61 10.73-.74 10.49-.50 10.37-.30 10.29-.30
April
® _ _ ® _ _ ® _ _ ® _ __ ® _ _ ® Range
Closing
10.73 -- 10.80 -10.73 -10.49 -10.39 -- 10.39 May
10.70-.77 10.61-.67 10.53-.80 10.52-.84 10.40-.60 10.23-.40
Range
Closing
10.73-.74 10.61-.62 10.79-.80 10.53-.54 10.41-.42 10.31-.33
June
_ ® _ _ ® _ _ 0 _ _ ® _ _ ® _- 0Range
-10.82 -10.55-.57 10.43 -10.33 Closing_..... 10.77 -10.64;
July
10.70-.83 10.67-.74 10.61-.87 10.58-.91 10.46-.68 10.27-.46
Range
10.80-.81 10.67-.68 10.86-.87 10.59-.60 10.46-.47 10.35-.37
Closing
August
flange
10.69 -- ® -- ® -- ® -l0.37-.43 10.31 Closing
10.70 -10.57-.59 10.76-.78 10.48-.50 10.41-.43 10.33 September
-® - ® -10.37 - ® -10.41-.44 10.52 Range
Closing
10.48-.50 10.43-.45 10.61-.63 10.44-.45 10.36-.37 10.29-.31
October
Range
10.45-.53 10.41-.43 10.38-.60 10.38-.63 10.29-.46 10.18-.32
Closing
10.49-.50 10.40-.41 10.58-.59 10.38-.39 10.29-.30 10.25-.27
December
Range
10.51 -10.42 -10.41-.61 10.42-.63 10.42 -10.23-.29
Closing
10.51-.53 10.43-.44 10.59-.60 10.40-.41 10.31-.32 10.26-.28
January
Range
- 10.50 10.56 - ® - 10.33 - ® -@Closing
10.59-.61 10.48-.50 10.66-.68 10.46-.48 10.37-.39 10.32 Tone
Spot
Firm.
Easy.
Firm. Steady.
Easy. 1
-Steady.
Options
Steady. Steady. Steady. Steady. Steady. Steady.
EGYPTIAN COTTON CROP.
-From Messrs. R. & 0.
Lindemann's advices to Messrs. L. H. A. Schwartz & Co. of
Boston, of date Alexandria, Jan. 26, we extract the following:
Although sowings have not yet begun, we believe ACM plantings will be
again dcreased, while Sakelaridis will probably be raised in a larger quantity than this past year. The new growth, Assn, will also take a large place
in the season to come, and we now recommend this interesting variety, of
which some 30,000 to 40,0Q0 lbs. will probably be raised.
EXPORTS OF COTTON GOODS FROM GREAT
-Below we give the exports of cotton yarn,
BRITAIN.
goods, &c.,from Great Britain for the month of January and
since Oct. 1 1911-12 and 1910-11, as compiled by us from the
British Board of Trade returns. It will be noticed that we
have reduced the movement all to pounds.
Cloth.
Total of All.
Yarn& Thread
000s
omitted. 1911-n1910-11 1911-12. 1910-11. 1911-12. 1910-11. 1911-1% 1910-11.
Yds.
Yds.
Lbs.
Lbs.
Oct _
24,139 20,079 663,504 519,432
Nov _ 22,621 18,006 580,682 511,046
Dec__ __ 20,508 19,595 517,204 517,961
Lbs.
124,020
108,538
96,674
Lbs.
93,642
92,130
98,785
4th qr. 67,268 57,680 1,761,3901,578,439 329,232 284,557
Jan ___ 22,704 21,369 559,693
106,585
Lbs.
148,159
131,159
117,182
Lbs.
113,721
110,136
118,380
396,500 342,237
Stockings and socks
Sundry articles
Total exports of cotton manufactures
127,954
434
15,384
540,833
104,615
127,319
38.3
16,631
568,228
486,009
The foregoing shows that there had been exported from
the United Kingdom during the four months 540,833,000
'Including movement by rail to Canada.
The foregoing shows the week's neroverland movement pounds of manufactured cotton, against 486,009,000 pounds
has been 48,641 bales, against 29,049 bales for the week last last year, or an increase of 54,824,000 pounds.
A further matter of interest is the destination of these exyear, and that for the season to date the aggregate net overports, and we have therefore prepared the following stateland exhibits an increase over a year ago of 20,031 bales.
ments, showing the amounts taken by the principal countries
-1911-12------.
----1910-11---In Sight and Spinners'
Since
Since during Jan. and since Oct. 1 for each of the last three years.
Leaving total net overland•___48,641
814,676
Takings.
Week.
Sept. 1.
303,385 9,273,889
Receipts at ports to Feb. 16
48,641
Net overland to Feb. 16
814,676
Southern consumption to Feb. 16 55,000 1,177,000
29,049
794,045
Week.
Sept. 1.
134,382 7,416,446
29,049
794,645
50,000 1,118,000
407,026 11,265,565
041,800
626,548
213,431
*8,706
Came into sight during week___365,217
11,892,113
Total in sight Feb. 16
204,725
Total marketed
Interior stooks in excess
North.spinners' takings to Feb. 10 79,797
1,405,284
9,329,091
566,025
0,805,116
61,915
1,625,871
• Decrease during week.
Movement into sight in previous years:
Week1010-Feb. 18
1909-Feb. 19
1908-Feb. 21
1907-Feb. 22
Bales. I - Since Sept. 1145,939 1900-10-Feb, 18
220,52511908-09-Feb. 10
197,582 1907-08-Feb 21
216,486 1906-07-Fcb 22
Bales.
8,400,001
10,760,068
8,894,145
10,630,209
QUOTATIONS FOR MIDDLING COTTON AT OTHER
MARKETS.
-Below are the closing quotations of middling
cotton at Southern and other principal cotton markets for
each day of the week.
October 1 to January 31.
January.
Piece Goods-Yards.
(000s omitted.)
East Indies
Turkey, Egypt and Africa_
China and Japan
Europe (except Turkey)___
South America..
North America._.
All other countries
1912.
1911.
1910.
249,272 240,714 222,476
81.395 90,775 73,656
64,304 69,726 43.661
38,431 40,719 33,417
52,164 51,357 50,740
33,549 32,226 39,254
40,578 42,711 34,543
1911-12.: 1910-11. 1909-10.
988,308 903,097
408,868 411,911
218,342 196,639
143,234 136,532
235,647 221,316
145,703 119,866
180,9811 157,307
900,691
320,100
152,591
128,095
188,591
137,798
131,694
559,693 568,228 497,747 2,321,083 2,146,668 1,959,560
Total yards..
£7,521 £7,650 £6,304 £31,340, £28,536 £23,995
Total value
Yarns-Lbs. (000: omitted.)
4,679 3,584 2,951
14,175
15,5731
14,692
Ifolland
4,904 5,295 3,290
19,025
18,853
Germany
14,127
Oth.Europe(except Turkey) 3,562 3.282 2,535
11,333
14,7761
11,466
.. 3,003 3,151 2,451
11,724
13,3331
11,885
East Indies
346
1,181i
57
300
235
76
China
1,076
4,900'
3,719
964
3,741
866
Turkey and Egypt
3,063 3,178 2,838
13,1051
10,443
11,353
All other countries
• Total pounds
Total value
20.633 19:530, 14,988
£1.375 £1,4191 £961
81,893;
£5,465
71,457
£5,144
66,489
£4,017
498
[VOL. Lxxxxiv
TUE CHRONICLE
WORLD'S SUPPLY AND TAKINGS OF COTTON.
1911-12.
Cotton Takings.
Week and Season.
Week.
1910-11.
-
Season.
Week.
Season.
Visible supply Feb 9_
6,121,017
5,222,853
Visible supply Sept. 1 _
1,603,418
1,495,514
American in sight to Feb. 16_
365,217 11,892,113 204,725 9,895,116
Bombay receipts to Feb. 15_ _ 116,000 1,140,000
51,000 1,168,000
Other India shipm'ts to Feb. 15 ______ _
71,100
20,000
153,305
Alexandria receipts to Feb. 14....
31,000, 827,000
14,000
910,000
Other supply to Feb. 14 ''' ___
3,0001
162,000
8,000
182,000
Total supply
Deduct
Visible supply Feb. 16
6,636,234 15,695,631 5,520,378 13,803,935
16,144,179
6,144,179 5,082,558 5,082,558
Total takings to Feb. 16_
492,055 9,551,452 437,820 8,721,377
Of which American
357,055 7.713,352 337,820 6,745,072
Of which other
115.000 1,838,100 100.000 1.976.305
• Embraces receipts in Europe from Brazil, Smyrna, West Indies, &c.
ALEXANDRIA RECEIPTS AND SHIPMENTS.
Alexandria, Egypt,
February 14.
1911-12.
1909-10.
105,000
6,827,181
50,000
4,707,443
This Since
Week. Sept. 1.
Exports (bales)To Liverpool
To Manchester
To Continent and India
To America
Total exports
1910-11.
230,000
6,202,880
Receipts (cantars)This week
Since Sept. 1
This Since
This Since
Week. Sept. I. Week. Sept. 1.
9,500 134,228 2,250 159,682 4,250 112,022
14,500 185,508 9,000 163,859 7,000 97,239
12,000 225,158 12,250 260,847 5,000 211,147
6,750 51,972 2,000 81,433
400 50,175
-42.750576.866 25.500 665.821 16,650 470,578
SSO OSSO
MANCHESTER MARKET.
-Our report received by cable to-night from Manchester states that the market is steady
for both yarns and shirtings. The demand for India is good.
WEATHER REPORTS BY TELEGRAPH.-Advices to We give the prices for to-day below
us by telegraph from the South this evening indicate that vious weeks of this and last year for and leave those for precomparison.
rain has been quite general during the week, with the precipitation rather excessive at a few points. The temperature
1911-12.
1910-11.
is higher as the week closes. Preparations for the next crop
84 lbs. Shirt- Cot'n
814 lbs. Shirt- Cot'n
are stated to be rather backward by some of our correspondings, common Mid.
32s Cop
lags, common Mid.
32s Cop
Twist.
Twist.
to finest.
to finest.
Upt's
UN's
ents.
Galveston, Tex.
-We have had rain on three days of the
s. d d,
d. s. d.
d.
d. s. d.
s. d. d. d.
past week, the precipitation being ninety-eight hundredths of Dec.
124 59 011 3
8.07
29 84
5.01 114
914 5 4 @103
an inch. Average thermometer 54, highest 66, lowest 41.
Jan
8.08
124 5 9 011 3
Abilene, Tex.
-It has rained on two days during the week, 5 8% 0 9'4 5 44010 4 5.22 114
8.07
5.37
12% 5 9 011 3
to the extent of seventy-eight hundredths of an inch. Mini- 12814 0 9% 5 5 @105 5.40 114
8.05
19 8
124 5 9 011 3
114
118 9% 5 4%010 6
mum thermometer 22.
8.02
26 8%
12 5 9 011 3
00
914 5 5 010 74 5.50 114
Palestine, Tex.
-We have had rain on two days the past Feb, 811-160 914 5 54010 8 5,77 11
7.88
2
124 5 9 ®11 3
week, the precipitation reaching sixty-eight hundredths of
06913-16 5 64011 0
5.90 10%
11% 5 8 011 1
7.77
9 814
5.85 10%
11% 5 7wan 0
16 9 0 10 5 7%011 1
7.56
an inch. Lowest thermometer 30.
San Antonio, Tex.
SHIPPING NEWS.
-As shown on a previous page, the
-It has rained heavily on one day of the
week, the rainfall reaching two inches and forty-eight hun- exports of cotton from the United States the past week have
reached 266,133 bales. The shipments in detail, as made
dredths. Minimum thermometer 38.
Taylor Tex.
-We have had rain on one day during the up from mail and telegraphic returns, are as follows:
Total
week, the rainfall reaching eighty-eight hundredths of au NEW YORK-To Liverpool-Feb. 10-Winifredlan, 5,018..- _Feb. bales.
inch. Minimum thermometer 30.
13-Pannonia, 2,490......Feb. 14-Baltic, 4,125 upland, 47
11,680
Sea Island
Shreveport, La.
-We have had rain on three days of the
50
To London-Feb. 10-Minneapolis, 50
past week, the rainfall reaching sixty-two hundredths of an
250
To Hamburg-Feb. 10-Waldersee, 250
100
To Copenhagen-Feb. 14-C. F. Tietgen, 100
inch. Highest thermometer 64, lowest 37.
To Genoa-Feb. 10-Taormina, 1,300__ _Feb. 13-Kalserin
Vicksburg, Miss.
-We have had rain on three days of the
7,193
Augusta Victoria, 5,893
1,529
To Naples
-Feb. 10-Prinzess Irene, 629; Taormina, 900
week, the precipitation reaching ninety-eight hundredths of
270
To Venice-Feb. 13-Oceania, 270
an inch. The thermometer has averaged 31, ranging from
350
To Trieste-Feb. 13-Oceania, 350
100
25 to 63.
To Fiume
-Feb. 13-Oceania, 100
11,739
Helena, Ark.
-Preparations for farming are under way. GALVESTON-To Liverpool-Feb. 9-Lady Lewis, 11,739
9,089
To Havre-Feb. 10-Etton, 9,089
It has rained on one day of the week, the precipitation being
12,417
To Bremen-Feb. 14-Brandenburg, 12,417
9,227
-Feb. 9-Greystoke Castle, 9,227_
To Antwerp
thirty hundredths of an inch. Average thermometer 32,
-HillTo Barcelona-Feb. 9-Moncenisio, 1,700.. _Feb. 15
highest 53 and lowest 12.
13,109
glade, 11,409
9,408
To Genoa-Feb. 9-Moncenisio, 9,408
Memphis, Tenn.
-We have had rain on two days of the
8,294
ARTHUR-To Havre
-Feb. 10-Victorious, 8,294
week, the precipitation reaching twenty-three hundredths of PORT CITY-To Bremen-Feb, 10-Birchfield, 11,802
11,802
TEXAS
-Feb. 10
200
To Mexico
-City of Tampico, 200
an inch. Average thermometer 34, highest 54, lowest 14.
To Liverpool
14,690
-Feb. 13
-Median, 14,690
Mobile, Ala.
-There has been rain on four days of the week, NEW ORLEANS-To Liverpool-Feb. 10-Logician, 9,332.,.. _
Feb. 13-Quernmore, 12,303___Tampican, 6,998__ _Feb. 15
to the extent of one inch and forty-three hundredths. The
46,633
-Mechanician, 18,000
thermometer has averaged, 45, the highest being 63 and the
To Havre-Feb. 13
-King Lud, 2,364___Feb. 14-Honduras,
6,998
4,632
lowest 28.
238
To Rotterdam-Feb. 16-Phyros Vallianos, 238
Montgomery, Ala.
-Planting preparations are very back-Barbadian, 300; King Lud, 2,379
To Antwerp-Feb. 13
3,029
ward. There has been rain on three days the past week, the
Feb. 15-Virgil, 350
2,100
To Barcelona-Feb. 15-Conde Wilfredo, 2,100
rainfall reaching two inches and thirty-six hundredths. The
3,624
To Trieste-Feb. 10-Chlumecky, 3,624
4,241
thermometer has averaged 45, ranging from 31 to 62.
-Feb. 10-Chlumecky, 4,241
To Venice
254
To Port Barrios
Ala.-There has been rain on four days during the SAVANNAH-To-Feb. 10-Ellis, 254
7,644
Liverpool-Feb. 15-Lord Sefton, 7,644
week, to the extent of one inch and seventy-seven hundredths.
Selma,
To Bremen-Feb. 9-Cambyses, 10,245_ __Feb. 13-Mohacs
33,209
held, 11,006._ _Feb. 14-Dalrazan, 11,958
The thermometer has ranged from 25 to 58, averaging 41.
To Pasages-Feb. 15
60
-Lord Sefton, 60
Savannah, Ga.-We have had rain on four days during the
To Genoa-Feb. 9-Eduardo Musll, 9,579,.. _Feb. 15-Arciduca Stefano, 3,625
13,204
week, the precipitation reaching three inches and sixty-seven
To Trieste-Feb, 15-Arciduca Stefano, 2,350
2,350
hundredths. The thermometer has ranged from 29 to 62,
To Japan-Feb. 9
9,875
-Lord Curzon, 9,875
1,200
NORFOLK-To Bremen-Feb,9-Ville de Rouen, 1,200
averaging 46.
3,135
Charleston, S. C.
-Rain has fallen on four days during the BOSTON-To Liverpool-Feb. 9-Cestrian, 3,135
962
To Manchester-Feb.9-Iberian, 982
400
week, to the extent of three inches and eighty-nine hun- BALTIMORE-To Hamburg-Feb. 9-Bosnia, 400
PHILADELPHIA-To Manchester-Feb. 8-Manchester Mariner,
dredths. The thermometer has ranged from 25 to 58,
800
400
3,513
SAN FRANCISCO-To Japan-Feb. 14-Persia, 3,513
averaging 42.
1,169
SEATTLE-To Japan-Feb. 12-Tamba Maru, 1,169
Charlotte, N. C.
-We have had rain the past week, the
rainfall being two inches and eleven hundredths. Average
Total
"66,133
thermometer 47, highest 18, lowest 32.
LIVERPOOL.
-The week's sales, stocks, Stc.:
Feb. 2
Feb. 9.
Feb. 16.
Jan. 26
INDIA COTTON MOVEMENT FROM ALL PORTS.
63,000
75,000
82,000
Sales of the week __ _ ___._bales_ 73,000
1911-12.
Feb. 15.
Receipts at
Week.
Bombay.
Since
gept. 1.
1910-11.
Since
Week. Sept. 1.
innn .n
Since
Sept. 1.
Since September 1.
Great. Conti- Japan
Great
Britain. nent. &Chin Total. Britain.
Bombay
1911-12_
1910-11_
1909-10__
Calcutta
1911-12__
1910-11__
1909-10__
Madras
1911-12_
1910-11__
1909-10_
All others
1911-12_
1910-11._
1909-10__
Total all
1911-12_
1910-11_
Week.
116,000 1,140,000 51,000 1,168,000 119,000 1,746,000
For the Week.
Exports
front--
1909-10.
Japan
Contineat. & Chlna.I Total.
•
13,000 36,000 49,000
8,000 28,000 36,000
18,000 14,001 32,000
2,000 100,00 335,000 437,000
17,000 406,00 273,00 696,000
37,000 453,000 397,00 887,000
6,000
9,00
16,00
90
6,00
14,00
1:00
1,000
1,66-
2,00
2,000
2,000
1-6456.
,
1,666
2.000
8,00
4,00
5,000
16,001
8,000
700
5
1,00
4,000
25,000
16,000
44,000
86,000
59,000
6,500 54,500
1,300 112,300
1,00
76,000
3;666 15;664
____ 10,000
18,(51
10,00
-___ 13,000 36,000 49,000
3,009 25,000 7.000 '
000
14
43;10
8,900
17,000
32,000
7,700
24,005
13,000
10,000 155,000 343,100 508,100
L-9 0 n
,
17.001 9c0,301 sig.305
59,000 536,000 41 00"1,008.^A)
Of which speculators took__ _ 8,000
6.000
Of which exporters took
66,000
Sales, American
14,000
Actual export
89,000
Forwarded
962,000
Total stock-Estimated
848,000
Of which American
138,000
Total imports of the week
Of which American
113,000
Amount afloat
492,000
Of which American
450,000
4,000
5,000
67,000
15,000
118,000
1,014,000
907,000
185,000
164,000
409,000
355,000
3,000
1,000
72,000
6,000
84,000
1,027,000
915,000
102,000
92,000
486,000
415,000
5,000
, 2,000
53,000
22,000
90,000
1,110,000
1,000,000
195,000
167,000
409,000
349,000
The tone of the Liverpool market for spots and futures
each day of the past week and the daily closing prices of
soot cotton have been as follows:
Saturday.
Spot.
1
1
Large
Market,
12:15 } business
doing,
P.M.
Tuesday. Wednesday. Thursday.
Good
demand,
Good
demand,
Mid .Upl-ds
5.96
5.99
Sales
Spec.&exp,
16,000
1,000
12,000
1,000
Futures. Steady at
203 pts.
Market
opened
1 advance.
Friday.
----Fair
business
Good
doing.
demand.
Monday.
Steady.
Good
demand,
5.92
12,000
2,000
•
Steady at
304 pts.
decline.
5.91
5.85
10,000
1,000
8,000
500
Quiet at
10 pts.
decline.
Easyrat
708 pts.
decline,
6.03
10,000 •
500
Firm at
12®13
pts. adv.
Market, 1B'ly st'y at My st'y at B'ly st'y at B'ly st'y at V'y st'y at Quiet at
74084 607 pts.
11012
24044 102 pts.
4
2406
.
..... ...a.,
.
nA.,............
.
......
A.....
......
nell,
ntg
Apr
Apellne_
FEB. 17 1912j
TIIE CHRONICLE
The prices for futures at Liverpool for each day are given
below. Prices are on the basis of upland, good ordinary
clause, unless otherwise stated.
The prices are given in pence and 100ths.
Thus: 5 70 'means 5 70-100d.
Fri.
Thurs.
Feb. 10
Wed.
Sat.
Tues.
Mon.
to
Feb. 16 1234 1254 1254 4 123( 4 1234 4 1234 4 1254 4
P.m. P.m.
P.m. P.m. p.m. P.m. p.m. p.m. p.m. p.m. p.m.
February- ----5 7034
7234 68 66% 79% 78 6634 6934 61 63
72 6734 68 79 7734 66 69 6034 6234
Feb.-Meh.
5 70
83
6634 6934 61
Mch -Apr.
5 71
7254 68 6634 7954
73 6834 67 80 79 6734 7034 62 64
Apr.
5 7134
-May.
-3 6934 68 81 80 69 7134 6334 6434
7
May-June
5 72
- _ 72 34 69 67% 8034 7934 6834 7134 6334 6434
_
June-Jul5 71 %
71 34 6734 67 79% 79 68 71 6334 64
July-Aug-- ---- 5 70
6634 6234 63 7434 7434 64 67 5934 60
5 6434
Aug.
-Sep_
71 61
63 59 60 71
6334 5634 57
Sept.-Oct.5 61
60;4 5634 5734 69 69 59 6154 55 5534
Oct.
-Nov ---- 5 58 -5 57 %
5934 55% 5634 68 68 58 6034 54 5434
Nov.-Dee.
59 55 51% 68 68 58 6034 54 5434
5 57
Dec.
-Jan
59 55 56% 68 68 58 6034 54 5434
5 57
-Feb
Jan.
60 56 5734 69 69 59 6134 55 5534
Feb.-Meh. __ __ 5 58
MARKET AND SALES AT NEW YORK.
Spot Market
Closed.
Saturday__ _
Monday _ _ _ _
Tuesday -- Wednesday_
Thursday _ _
Friday
Futures
Market
Closed.
S.ILES.
Spot. Contec. Total.
Steady, 15 pts. adv. Firm
__ HOLIDAY
Strong
Steady
Steady, 5 pts. adv_ _ Weak
Easy
Quiet, 20 pts. dee
Quiet, 15 pts. dcc Easy
107
18
100
207
18
2,700
125
Total_
2,700
2.800
2.925
BREADSTUFFS.
Friday Night, Feb. 16 1912.
Flour has latterly been firm in response to a somewhat
stronger market for wheat for the moment, but nothing in
the news discloses any fundamental change in the general
situation. The buying is still of a hand-to-mouth character,
both here and at the West. Nor, from present appearances,
is there any great likelihood that there will be any material
change in the attitude of the average buyer for some time to
come. The sales at the Northwest at the close show some
slight increase, however. The output at Minneapolis, Duluth
and Milwaukee last week reached a total of only 318,115
barrels, against 354,935 in the previous week and 326,557
last year.
Wheat declined for a time under heavy liquidation at home
and abroad, due partly to indications of increased shipments
from Argentina and a lessened cash demand at the West.
Export trade too, has been generally light. The world's
shipments show a tendency to increase. They reached
8,208,000 bushels for the week, against 7,712,000 in the
previous week, a fact which had weight, although the total
was some 4,000,000 bushels smaller than in the same week
last year. But it was regarded as a significant circumstance
that the shipments from Argentina, though not quite half as
large as in the same week of 1911, actually reached 1,000,000
bushels last week, against 496,000 in the previous week.
At Buenos Ayres a sharp decline occurred in the fore part
of the week, as if to give additional emphasis to the increased
movement of the crop in Argentina. Liverpool prices, too,
have receded sharply. So have those at most other EuThe decrease in the American
ropean markets.
visible supply was put at only 610,000 bushels against 1,118,000 in the same week last year, and the total supply
in the United States at 59,815,000 bushels, against 43,133,000
a year ago. The dulness of the flour trade and some depression in corn have also militated against wheat. The Chicago
stock of contract grade is 8,738;000 bushels, against 4,897,000
a year ago. The world's stock of American wheat is 115,233,000 bushels, against 76,601,000 a year ago and 53,232,000
two years ago. Yet some things have been in the market's
favor. In the first place, there has recently been considerable long liquidation, which has weeded out much of the weak
interest on that side of the market. Also,the recent bearish
despatches from Buenos Aires have served to increase the
short interest. This put the market in a stronger technical
position. Then the world's visible supply has within a week
fallen off no less than 7,879,000 bushels. In other words,
the world's stocks are rapidly decreasing, whatever may he
said in favor of an ultimate decline of prices based on a
favorable crop outlook that is practically world-wide. The
European visible supply has dropped to 75,710,000 bushels,
against 108,800,000 a year ago. A while back the total
world's stock was very much larger than at the same time last
year, but now the gap has been narrowed noticeably. The
total, in other words, is 190,933,000 bushels, against 185,401,000 a year ago. A short time ago the total was close to
200,000,000 bushels and had remained at practically that
figure for tnany weeks. Now we see that it is beginning to
decrease. Yet, late in the week prices again began to sag.
Argentina's shipments are expected to further increase very
shortly. To-day prices declined in sympathy with lower
quotations in foreign markets. and also at the Northwest,
notably at Minneapolis and Winnipeg.
DAILY CLOSING PRICES OF WHEAT FUTURES IN NEW YORK.
Sal. !lion. Tues. Wed. Thurs. Frt.
10334 Holl- 104
No. 2 red
10434 10434 10334
107 % day. 106
106 1 10534 105 %
4
May delivery in elevatm
101 %
• 101
10034
July delivery in elevator
10134 101
34
499
CHICAGO.
DAILY CLOSING PRICES OF WHEAT FUTURES IN
Sat. Mon. Tues. Wed. Thurs. Fri.
10334 Boll- 10134 10234 10134 10134
9634 day. 9534 9534 953-4 9534
93% 94 % 9334 93 fi
94 %
May delivery in elevator
July delivery in elevator
•September delivery in elevator_
Indian corn declined for a time and then rallied. The
receipts have been large, favored by fair and milder weather
at the West. The available stock increased last week 3,151,000 bushels, against 2,441,000 last year. Still, it is only
12,563,000 bushels, against 19,110,000 last year and 18,630,000 the year before. Within a few days, too, prices
have shown greater strength, partly in sympathy with a
rally in wheat and partly owing to prospects of snow or rain
in the corn belt. Moreover, the seaboard clearances have
been rather heavy and the countryofferings at interior markets have decreased. The cash demand at the Southwest
has been good. Texas and Oklahoma have been buying at
Kansas City. The receipts are large, but the demand for
feeding purposes this winter has been unusually heavy, owing
to the severity of the weather, which has been keenly felt,
even in the vast grazing country of the Southwest, where
ordinarily the demand would be much smaller. To-day
prices fell. The weather was mild and favorable for moving
the crop. Though receipts at the Southwest fell off somewhat, they were on the whole still large.
NEW YORK.
X
DAILY CLOSING PRICES OF NO. 2 MIXED CORN IN
Sat. Mon. Tues. Wed. Thurs. Fri.
Cash corn
Nom 72
73
Holt- 73
73
May delivery in elevator
Nom. day. Nom. Nom. Nom Nom
DAILY CLOSING PRICES OF CORN FUTURES IN
Sat. Mott. Tues. Wed. Thurs. Fri.
May delivery in elevator
68% Holl- 6834 68 % 68 % 68 %
July delivery In elevator
67%
68% day. 6734 68% 68
September delivery in elevator_
68 %
67%
68
52% 68
CHICAGO.
Oats have been stronger, owing to a good cash demand
and the general strength of the statistical position. Large
interests continue to act on the bull side of this cereal on the
ground that the outlook promises higher prices later on.
The offerings of late have been smaller. The available supply in the United States and Canada is 23,684,000 bushels,
against 29,494,000 at this time last year. No striking developments have occurred for the reason that the market
has been held in check by the weakness at times displayed
by both corn and wheat. But the contract stock in Chicago
is small and the feeding demand this year is unusually
large, so that some are inclined to claim that before another
crop will be available, visible supplies in this country will
be brought down to a low ebb. However this may be, it is
undoubtedly true that operators of large experience in the
grain trade at Chicago are distinctly bullish in their convictions as to the future of prices. To-day prices gave way very
slightly after an earlier advance. The country offerings were
light.
NEW
DAILY CLOSING PRICES OF OATS IN
Sat. Mon. Tues.
Standards
6054 Holl- 61
No. 2 white
6054 day. 61
DAILY CLOSING PRICES OF OATS FUTURES
Sat. Mon. Tues.
May delivery in elevator
52% Holt- 52 %
July delivery in elevator
4834 day. 48
September delivery in elevator__ _ _ 42
41
YORK.
Wed. Thurs. Frt.
61
61
6054
61
61
6054
IN
Wed. Thurs. Fri.
52% 52 % 52 X
48 X 48
4734
41 X 41 X 41 34
CHICAGO.
The following are closing quotations:
FLOUR.
Winter, low grades____$3 50®$3 75 Kansas straights, sacks $4 911@$5 10
Winter patents
5 00® 5 15 Kansas clears, sacks__ _ 4 40@ 4 60
Winter straights
4 45® 4 60 City patents
6 30
6 60
4 60133 5 20
Winter clears
4 10@ 4 35 Rye flour
4 15® 4 60
Spring patents
5 35® 5 60 Graham flour
Spring straights
4 90@ 5 10 Corn meal, kiln dried__ 3 65t 3 70
2 75® 2 85
Spring clears
4 10® 4 75 Buckwheat. cwt
GRAIN.
Cents.
Corn, per bushelWheat, per bushel-f. o. b.
f.o.b.
No 2
N. Spring, No. 1
$1 20%
7254
1 18
Steamer ___,.elevator
72 34
N. Spring, No. 2
No. 3
elevator
.73
Red winter, No.2
1 03%
Rye, per bushel
Hard winter. No.2
1 12
Oats, per bushel, new1 No. 2 Western
97
Cents
Standards
60 34
State & Pennsylvania Nominal
No. 2 white
$1 22 ® $1 35
60 X • Barley-Malting
No. 3 white
60
For other tables usually given here, see page 466.
The visible supply of grain, comprising the stocks in
granary at principal points of accumulation at lake and
seaboard ports Feb. 10 1912, was as follows:
UNITED STATES GRAIN STOCKS.
Amer. Bonded
Amer. Bonded
Amer. Bonded
Wheat. Wheat. Corn. Oats. Oats. Rye. Barley. Barley.
bush. bush. bush, bush, bush. bush. bush. bush.
337
144
14 . 75
New York
1,497
277
622
"
58
afloat
.
ii -"i ""ii
2 .. ii "144
Boston
Philadelphia
31
456
242 --4i
"i8 1,176
83
Baltimore
55 2,232
New Orleans
11
471
127
1442
Galveston
Buffalo
2,253 -loi
111 -832 -Ji -8:5 "(IN
393
106
129
afloat
3,012
288
269
_ ...
-202
207
2 _ __
1,413
Toledo
23 -210
143
Detroit
13,351294661
"
afloat
i63 "iii
,
2:gii5 2- i6ii
,
Chicago
183
1,009
.
130 4,329
-iii - i
945
Milwaukee
111
282
1 1,216
7,546 -i3-6.
Duluth
244
189
" afloat
-iii
46 1,895
621
18,535
Minneapolis
420
209
13
25
2,856
St. Louis
768
89
4,016
__ _ _......
Kansas City
367 . 674
26
5 ....._
Peoria
586
19
616
Indianapolis
io "iii
606
670 1,377
Omaha
In Thousands.
-I
Total
Total
Total
Total
Total
Feb. 10 1912_50,815 1,690 10,113 14,382
Feb. 3 1912_.60,425 1,696 6,900 14,335
Feb. 11 1911._43,133
10,965 16,298
Feb. 12 1910_25,819
10,528 8,757
Feb. 13 1909 41,472
6,565 9,607
378 1,096 2,694
440 1,099 2,716
361 1,424
802 2,810
763 3,911
626
50
In Thousands.
Montreal
Port Arthur
Fort William
"
afloat
Other Canadian
Total
Total
Total
Total
Total
CANADIAN GRAIN STOCKS.
Canadian Bonded
Canadian Bonded
Canadian Bonded
Wheat. Wheal. Corn. Oats. Oats. Rye. Barley. Barley.
bush. bush. bush. bush,
uh
h. bush.
---------319 ---104
_
96
--------1,424
5,081
___---- -8,423
140 ---- -4,892 ----------82
__ -4,427 -------- 1,749
____
--
Feb. 10 1912..22,927
Feb. 3 1912_22,625
Feb. 11 1011_ 9,902
Feb. 12 1910_11,084
Feb. 13 1909_ 6,491
lh Thousands,
American
Canadian
4 5,414
96
4 4,825
108
15
880
82
27
305
52
____
28
217
86
SUMMARY.
Bonded
Bonded
Bonded
Wheat. Wheat. Corn. Oats. Oats. Rye. Barley. Barley.
bush. bush. bush, bush, bush, bush, bush. bush.
59,815 1,690 10,113 14,382
378 1,096 2,694
626
22,927
4 5,414
96
Total Feb. 10 1912_82,742 1,690 10,117 19,796
378 1,096 2,790
626
"P• Total Feb. 3 1912_83,050 1,696 6,901 19,160
440 1,099 2,824
50
Total Feb. 11 1911_53,035
___ 10,980 17,178
361 1,506
Total Feb. 12 1910_36,903
___ 10,555 9,062
802 2,862
Total Feb. 13 1909..47,963
____ 6,593 9,824
763 3,997
Note.--In the grain stocks of the United States it will be noticed that the stocks
In bonded warehouses are now given as separate items. They will be reported regularly hereafter by the New York Produce Exchange.
EXPORTS OF WHEAT AND FLOUR FROM UNITED
STATES PORTS.
-We give below a compilation showing the
exports of wheat and flour from United States ports during
the month of January and the seven months of the fiscal
years 1911-12 and 1910-11.
January 1912.
Ports.
Wheat,
Bushels.
New York
Baltimore
Philadelphia
Boston
Other Atlantic_
New Orleans_
Other Gulf
Portland, Ore
Puget Sound
San Francisco....
Chicago
Other border
Total all
[VoL. Lxxxxiv.
THE CHRONICLE
420,839
40,000
220,665
Flour,
Barrels,
7 Months 1911-1912.17 Months 1910-1911.
Wheat, I Flour,
Bushels. Barrels.
Wheal,
Bushels.
Flour,
Barrels.
221,187
54,884
88,472
7,713
7,001
42,890
79,184
56,521
245,123
33,186
..
5,681,713 2,059,338 1,106,955 1,963,650
4,518,420
610,703 2,851,860
529,340
2,777,162
658,274 1,615,982
641,948
1,306,744
541,824
200,813
237,041
160,588
175,942
162,262
384,129
553,262
83,590
400,953
358,439
579.866
86,389
412,694
5,083,050
450,844 5,158,661
267,684
2,478,217 1,481,914 3,256,221
993,244
510,326
195,113
289,587
121,676
879.700
13,826
588,032
15,316
1,343
69,181
51,450 1,437,063
82,307
2.018.594
837,50424,466,802 6,862.21217.016.164 5.828.145
21,680
15,000
857,086
431,659
11,665
WHEAT IN ARGENTINA, &c.
-The United States Department of Agriculture has received a cablegram from the
International Institute of Agriculture, Rome, Italy, dated
Jan. 29 1912, giving the following information:
• The estimated production of wheat In Argentina this season Is 91,374,000
owt. (equivalent to 170,565,000 bushels of 60 pounds each); In New Zealand, 3,475,000 cwt. (or 6,487,000 bushels of 60 pounds each).
The estimated production of wheat In the Southern Hemisphere this season Is 105.5% of the production of last season, or 156,000,000 cwt. (equivalent to 291,200,000 bushels of 60 pounds each).
The estimated production of oats In Argentina Is 17,381,000 cwt. (or
60,833,500 bushels of 32 pounds each); in New Zealand, 5,342,000 owt.
(or 18,697,000 bushels of 32 pounds each).
THE DRY GOODS TRADE.
DOMESTIC COTTON GOODS.
-The exports of cotton
goods from this port for the week ending Feb. 10 were 10,166
packages, valued at $900,086, their destination being to the
points specified in the table below:
1912
1911
Since
Since
Week. Jan. 1.
Week.
1.
448
42
10
86
157
6
___
86
2,303
8,4114,603
1,746
2,0 .
68
.
2,787
2,541
5,001
996
5,256
1,815
26
516
435
622
6,936
606
4,659
17
369
36
207
2,111
161
223
2,390
758
1.072
7,316
8,995
6,828
2,886
5,584
836
New York to Feb. 10.
Great Britain
Other European
China
India
Arabia
Africa
West Indies
Mexico
Central America
South America
Other countries
Total
10,166
42,817
r<
NO
.co<rn. <,
New York, Friday Night, Feb. 16 1912.
..n.n <1
....
1 0000 so
.
Business in the dry goods trade has continued on a fair
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oo
scale, with considerable hardening of prices, particularly
t
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0000 4,4 co
4
v,0
on cotton goods. As early predicted in these columns, buy,..
ers are being disappointed in their hopes of securing their
spring and early summer requirements at lower values, and
so
000 n 00
to to
.
c°. 00
g,,5*
instead are being compelled to meet constantly advancing
0000000000 on
CON
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values. The extreme conservatism which has been pracE;
ticed so long on all sides from tile mill to the retailer is now
41
om co
beginning to be felt. Many are wondering where the goods
coo
coal
are to come from with which to meet the demand which will
4n
co.
develop when retailers have to meet spring and early summer
coo
4 4
requirements from consumers. Advances are not being confined to any particular line of goods, but are quite general.
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While buyers are becoming less conservative in their actual
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ideas regarding forward purchases, they are finding sellers
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unwilling to accept forward business on tile basis of present
levels, and as a result most forward contracts are made "at
oor<cot
, on
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value." Mail orders have been plentiful during tile week
4
. li r<01 M4 so
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and have served to keep things going when otherwise quiet.
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The more prominent lines of napped cottons are now pretty
44
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well sold up and in many instances will soon be withdrawn
onocoN o
...on.. coo
from the market. In tile print-cloth division, buyers, gainconYno
com o.ct. "'Cl) ot<<low co.
.
.0
ing confidence, are ordering more liberally, and in most cases 0
4m oOnt:
.4 4..no.
.-. .HcH
no.
paying full market prices. Tile demand for export account
improved, quite substantial orders having been received
has
0 g t<coy,"
n000,n
on sheetings for China, Manila and the Red Sea ports. Coto
ton yarns continue to strengthen, with some Southern spin22 '<co .<
EH
ners sold up through June and July and ethers unable to
.i
4
accept deliveries earlier than April. This inability on the
4 4
part of buyers to obtain satisfactory deliveries has caused
41
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.
m 0=00c.
some'slackening up in tile movement, but there is no likelic4.-ia.i- 0 v.,-.00
hood of any reduction in prices. Weaving and knitting
o
ai
yarns are so well sold ahead that it is quite impossible to
w
obtain deliveries from any quarter better than April 1. Tile
m
-4
linen market has been active and steady, with importers
in receipt of better business than they could have possibly
expected up to this time' of tile year. A record season is
J.,
.
still looked forward to, and prices are firmly held, owing to
B
the recent advances abroad and the upward tendency in
both linen and flax yarns. Owing to tile advances in yarns,
4
,
. :. 1
prices on woolens and worsteds are continuing to strengthen.
W.0 7g hig0,
, E-,
.
Lines of men's wear for fall are moving very satisfactorily,
8,
the volume being much in excess of what had been expected.
m
m
m
m
5,499
33,409
The value of these New York exports since Jan. 1 has been
$3,347,890 in 1912, against $2,629,761 in 1911.
Seasonable activity continues in the markets for domestic
cottons. Prices are firm and in many instances show a tendency to advance, as mills have become frightened by the
upturn in cotton and are less willing to offer their lines for
sale except at full prices, based upon current values for the
staple. Business in wash fabrics for spring delivery has
improved, while demand for ginghams and voiles, in almost
any form, is more active. Steady sales of napped goods are
reported, with some of the leading lines sold up as far as
manufacturers are willing to go at current prices. Advices
regarding trade conditions in the West are more encouraging,
and orders from that locality are steadily increasing. Export demand for cotton goods has also improved, and many
mills are said to be well provided with business for two or
three months ahead on this account. Brown cottons,
denims, plaid and tickings, and other coarse colored cloths,
are well ordered and firm. Print cloths and convertibles
are being sold steadily and full prices are being paid. Gray
goods, 3.83. -inch standard, have advanced 1-16c. and are
quoted at 4 7-16c.
WOOLEN GOODS.
-In markets for men's wear and dress
goods, the opening of several fall lines has been the feature
during the week. Prices named display considerable irregularity, with many unexpected advances. Demand continues active, with substantial orders placed on lines of fancy
dress goods. Tile labor troubles at Lawrence, Mass., have
been responsible for a good many orders, such as for serges,
&c., being placed in other parts of the country.
FOREIGN DRY GOODS.
-Linens are receiving more attention, and with the demand active prices are firm. In addition to good orders for colored dress fabrics, housekeeping goods have moved freely. Business in burlaps has
been restricted by the scarcity of supplies. The demand,
however, has shown little abatement. Futures are steady,
with a fair volume of trading. Light-weights are 25c. higher
at 5.25c. and 10 -ounce unchanged at 6c.
Importations and Warehouse Withdrawals of Dry Goods.
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Total marketed
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DURING SAME PERIOD.
500
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FEB. 17 1912.]
vim
• THE CHRONICLE
I) CITY
.•
DEfrilinttIVT,
-^
-----^,^
MUNICIPAL BOND SALES IN JANUARY.
We present herewith our detailed list of the municipal bond
issues put out 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 427 of
the "Chronicle" of Feb. 10. Since then several belated
January returns have been received, changing the total for
the month to $24,791,546. The number of municipalities
issuing bonds was 295 and the number of separate issues 413.
JANUARY BOND SALES.
Name.
Page.
Rate. Maturity. Amount. Price.
1932
$200,000 y100 '
366_ _Aberdeen, So. Dak
4A
41921-1931
366_ _Adams Co. S. D. No. 5, Idaho
12,000
6
386_ _Akron, Ohio
60,000 101.381
4 A 1914-1916
229__Akron, Ohio (7 Issues)
60,250
4A
a1931
149_ _Akron Sch. Dist., Ohio
4
63,000 100.565
229_ _Alliance Sch. Dist., Neb
1932
5
15,000 102
a1922
199__Alma Sch. Dist., Mich
4A
65,000 101.946
428_ _Almena, Kansas
5A
a1919
6,000 100
149_ _Anderson County, Tex
5
41932-1952
150,000 100
6
1932
294__Apex, No. Caro
10,000 101.20
224_ _Appleton, Wis
255,000 102.22
43
294_ _Argenta Sch. Dist., Ark
75,000
5
149_ _Athens, Ohio (5 issues)
25,489 104.363
4.35
294_ _Avon, N. Y
18,000 100.032
6
366.. _Barboursville, W. Va
11,500 101.304
4
366__Battle Creek, Mich
150,000 y100
5
41931-1951
294_ _ Beaumont, Tex.(5 issues)
140,000 101.353
4
1912-1921
79_ _Beverly, Mass
20,000 101.88
6
1942
199_ _Black Mountain, No. Caro
15,000 100
224._Blaine County, Idaho (2 issues) 5
102,000 102.086
149_ _ Blythe Sch. Dist., Cal
7,000 101.071
4
1957
224_ _Boston, Mass. (2 issues)
500,000 108.23
294_ _ Bottineau County, No. Dak
6
100,000 100
428_ _Box Eider Co. S. D., Utah
1932
200,000
43.
99
294...Brimfield Twp., Ohio
4
6,000 100
6
79__Calro Sch. Dist., W Va
d1922-1946
30,000 105.26
366_ _Caldwell Sch. Dist., N J
4
50,000
225_ _Caldwell Parish S. D. No.14,La. 5
12,500 y100
5
149_ _California, Mo
1032
15,000 102
5
225__Cameron County, Tex
41921-1951
200,000
367.._Cass County, Iowa
4A
66,000
5
150_ _Centralia, Kan
1915-1924
10,000
225..
4
..Champaign County, Ohio
20,000 100
225_ _Charlotte, No. Caro
8
1922
110,000 104.13
225_ _Chattanooga, Tenn
4,202
367_ _Chattanooga, Tenn
8
1913-1916
9,582
299_ _Chcmung County, N. Y
4A
37,530 101.551
299_ _Cherryville, Kan
5A
1931
149,000 100
367_ _Chicopee, Mass
4
1912-1915
8,000 100.76
428_ _Clark County, Ind
4 A 1912-1921
96,500 100
367_ _Clinton, Iowa
19,800
387_ _ColoradoSpgs.S.D.No.11, Colo_ 5
41020-1930
25,000 101
428 _Coos Co. S. D. No. 49, Ore_ __ - 535
9,500 100
294...Cornwall, N. Y
4 Yi 1917-1931
30,000 100.04
225_ _Cowley, Wyo.
25,000 100
9 A 1921-1951
367__Dallas County, Texas
200,000 100
4
41926-1991
225_ _Davidson County, Tenn
150,000
93.57
5
367_ _Dayton, Ohio
18,500 105.55
5
367_ _Dayton, Ohio
11,300 105.56
4
367_ _Dayton, Ohio
30,000 100.561
367.
4
50,000 100.80
..Dayton, Ohio
367_ _ Dayton, Ohio
4
20,000 100.537
295. Do Kalb County, Ind
4
160,000 100.015
.De Kalb County, Ind
295.
4
20,000 100.275
295__Delano Jt. U. H. S. D., Cal
6
50,000 100
509__Demarest, N. J
5
1913-1932
4,000 101
367__Depew, N. Y
4.40 1913-1932
25,000 100.23
150_ _Dorset Twp. Sch. Dist., Ohio
43
8,000 101
367_ _Dublin, Texas
5
41921-1951
30,000
428_ _Dundee, Neb
5 A 41916-1926
90,000 100
428 __East Baton Rouge Par. S.D.,La, 5
75,000 100.30
295_ _East Liverpool, Ohio (18 issues) 5
Various
98,401
Var.
295_ _Edwards, Miss
6,000
150_Elizabeth, N. J
4
1961
15,000 100
428...Emporia, Kan
5
1912-1921
45 511 100
150_ _Euclid, Ohio (4 issues)
43
8,887 101.62
150_ _Euclid, Ohio
43.
30,704 102.01
367_ _Farmington, N. Mex
5A 41931-1091
50,000
295_ _ Fayetto Co. Com.S.D.No.6,Tex. 5
41916-1921
2,500 100
295_ _Fisher Co. Corn. S.D. No.6, Tex. 5
41921-1931
3,000 100
225_ _Fitchburg, Mass. (3 issues)___ _ 4
200,000
295_ _Flint, Mich
125,000 100.10
228..Fort Mill, So. Car
4,000
6
41922-1927
504_ _Fowler. Colo
20,000
4j
Frankfort, N Y
150_ _
3,000 100.13
4
1913-1922
150_ _Franklin County, Ohio
60,000 100.115
8,000
429_ _Frankston Ind. S. D., Texas_
45,000 100
429.. _Galveston Co. Dr. D. No. 1,Tex. 5
4 A 1015-1939
367__Geddes, N. Y
60,000 102.091
6
1913-1932
5,000 100
367_ _Georgetown, Miss
5,400
429_ _Girard. Kans
1937
6
429„Gold Hill, Ore
25,000 101.009
434
1937
295__Grand Rapids, Mich
250,000 106.52
6
1932
504_ _Granger, Idaho
15,100 y100
6
41913-1922
295_ _Grant's Pass, Ore
30,992 100.16
5
1992
150...Greensboro, No. Car
30,000 103.34
1922
367__Groveport, Ohio
434
15,000 102.896
5
151_ Hacienda Sch. Dist., Cal
1914-1922
4,500 101.16
295_Hamilton, Ohio (4 issues)
16,670
295_ Hamilton County, Ohio
40,000
434
504_ _Hamilton Twp. S. D., N. J.
16,000 100.271
226 _Hardman Co. Corn. Sch. Dist.
5
No. 31, Texas
41916-1931
4,000 100
205._Harris Co.Com.S.D.No.23, Tex. 5
41921-1931
3,000 100
367_ _ Harris County Nay. Dist., Tex_ 434
1,250,000
5
295_ _Ilaywards, Cal
1913-1952
12,500 102.36
Hebron Sch. Dist., Nab
5
367...
1932
20,000 100
6
429_ _Hendersonville, No. Car
21,000 y102
5
367_ _Ifermosa Beach S. D. Cal
8,000 100.062
1941
151 _ _High Point, No. Car. (2 issues) _ 5
50,000 102.52
295_ _Hillsboro. Tox. (3 Issues)
434
30,000 y100
6
.Hoidens/111e, Okla
1937
295_
40,500 y101
6
41913-1932
429_ _Hollister, Mo
15,000
5
1931-1951
295._Honey Grove, Texas
1,000 100
5
367_ _Hood River, Ore
37,250
94
5
295._Huntington, N. Y
1916-1021
15,000 100
434
429_ _Hutchinson. Kans
1932
20,0003' 434%
basis
5
296_ _Independence, Kans
a1939
99,602 103
368_ _Indiana (5 Issues)
434
64,000 100
5
368_ _Inglewood, Cal
30,000 101.126
6
1912-1922
296_ _Iowa City, Iowa.
7,339
534 1916-1922
226_ _Jasper County, Iowa
110,000 100.573
429_ _Jasper County, Ind. (3 Issues). _ 5
1912-1921
23,538 100.033
5
226.
.Jay County, Ind
13,000
226._Jefferson City, Mo
434 1922-1932
70,000 y100.714
368_ _Jefferson Co. Dr. D. No. 1, Ark_ 6
35,000
6
_Junction City, Ore
368_
41922-1927
17,000 100
226_ _Kalamazoo S. D. No. 1, Mich.- 434
a1922
280,000 102.31
501
Page.
Name.
Rate. Maturity.
929_Kansas (24 issues)
5& 6
226__ Kansas City, Kans
5
79_ _Kansas City, Mo
4%
1930
505_ _ Kennedy Heights, Ohio
5
1913-1922
505_ _ Kennedy Heights, Ohio
5
1913-1922
368...Knox County, Tel
6
1913-1921
226__La Crosse, Wis
4
1921-1931
226_ ..La Grande, Ore
6
1913-1922
505_Lake Benton S. D. No. 1. Minn_ 4
226 Lake Charles, La
505_ _Lake County S. D. No. 7, Ore__ 554 41912-1932
226_ _Lakewood, Ohio (2 issues)
454
226_ _Lakewood, Ohio (2 Issues)
5
296_ _Lamar, Mo
41917-1932
151_ _Laredo, Texas
5
41931-1951
429_ _Lawrence, Kan
1913-1922
5
296_ _Lawrenceville, Va
5
228_ _Lawton, Okla
1931
368_ _Lee County, Fla
1912-1918
429_ _Lenox School District, Iowa__ _ 5
368_ _Liberty U. F. S. D. No. 1, N. Y. 434 1912-1931
151_ _Lincoln County, Mont
41927-1932
5
368_Lincoln. Neb. (2 issues)
226__Linden, Ala
6
228_ _Littleton, Mass
1931-1940
4
368_ _Lockland, Ohio
1912-1921
5
368 _Long Branch, N. J
1941
434
429_ _Lubbock Ind. S. D., Tex
5
41921-1931
368 _Lynchburg. Va
434
1946
368_ _McCook, Neb
5
1913-1932
296 _McCulloch County, Tex
5
41921-1951
505 _Macon, Ga
1937
434
429 _Manhattan, Mont
6
41922-1932
368 _Manhelm, N Y
434 1915-1924
151 ..Mankato, Minn
6
227_ _Marengo, Iowa
1921
534
151_ _Maryland
4
41922-1927
2
Amount. Prier.
195,117 100
400,000 101.72
415.000 104.887
21,883 103.603
8,854 103.568.
13,500
250,000
30,000
4,000 100
140,000
15,000 101.063
107,000
47,108
70.000 101.501
20,000
67,000
25,000
70,000 101
10,000
25,000
60,000
125,000 102.60
10,800 y100.925.
10.000 100
20,000 105.61
22,737 104.21
50,000 102.77
10,000 100
550,000 100.588.
50,000 100 55
75,000
35,000 x100
25,000 y101.74
19,771 100.5054,800 100
2,315
250,0001100.51 to.
101.08.
1,000,000
1,315,000 100.349
100,000 100.58
14,000 100
240,000
18,000
7,375
10,000
45,000 101.02
32,623 101.909
,
23,100 104.68
99.03
75,000
125,780 100
6,000 100
31,000 100
38,882
129,000 100
100,000 y101.348.
60,000 101.27
24,000 101.467
1,850 100
100,000 103.639'
125,500 103.50
15,000 101.033.
9,000 100
250,000 101.574
46,501 Various
1,177,000 100
50.000
118.000 101.39
65.000 100
20,000
50,000 103.13
100,000 102
52,000 113.83
368_ _Maryland
33i 41922-1927
296_ _Massachusetts (9 issues)
334
369_ _Massillon City S. D., Ohio
4
296_ _Maysville, Ky. (2 issues)
6
369_ _Mecklenburg County, Va
5
151_ _Mercer County, N. J
4
1941
151_ _Mercer County, N.j
4
1931
151_ _Meridian, Idaho
227_ _ Middleport Un.F.S.D.No.l.N.Y 434 1912-1941
227_Middietewn, Ohio
454 1912-1921
296....Minerva, Ohio (2 issues)
5
152__Minneapolls, Minn
4
1941
429_ _Minnesota (15 issues)
4
296_ _Minonk, Ill
5
296_ _Minot Park District, No. Dalc
5
1932
296__Missoula, Mont
6
1913-1920
227.._Missouri
354
152_ _Monroe County, Mo
4
1913-1932
430_ _Montgomery, Ala
5
1922
80_ _Mount Vernon. N. Y
1918
434
152_ _Musselishell Co. S.D.No.7,Mont.
41923-1927
269_ _New Bedford, Mass
1913-1932
4
296_ _Newburgh. N. Y
4 34
41924
152_ _Normal, Ill
5
5013_ _North Dakota (3 issues)
1931-1932
4
227_ _Norwalk, Conn
4
1942
506_ _Norwood, Ohio (7 issues)
4 54 1913-1922
227_ _Oakdale Irrigation 01st., Cal.... 5
1931-1940
430_ _Ogden, Utah
369_ _Oklahoma City S. D., Okla_ _ _ _ 5
1924
206_ _Olathe, Colo
6
1931
369_ _Olustee, Okla
6
1936
369_ _Omaha, Neb
4 54
1932
227. Osage County, Okla
5
1922-1931
228_ _Page County Dr. D.No.9, Iowa 6
228_ _Palo Pinto Co. Common S. D.
No. 27, Tex
5
3,000 100
1051
296_ _Parnassus Sch. Dist., Pa
4 ;4
48,000
152_ _Parrott, Ga
8
6,000 102.50
228._Passaic, N. J
4A
109,000 106.254
1942
430 _Payette, Idaho
1913-1922
95
6
15,000
297_ _Port Angeles, Wash
5
50,000 100
41916-1931
100,000 100
5
297_ _Port Arthur, Tex
621,499 various
369.. _Portland, Ore
6
165,000 100.64
1932
152 _ _Portsmouth, N. H
4
506_ _Potum, Okla
6
29,300 100
1937
297_ _Pike County, Ind
5
14,548
1932
430 Pineville Ky
5
30,000
228_ _Pittsburgh, Pa.(6 issues)
140,000 101.933
4 34
228_ _Plantersville Ind. S. D., Tex.__ 5
3,000 100
41921-1951
152__Proviso Twp., Ill. (2 issues)
40,000 102.092
228. Reading, Ohio
5
1,210 101.486
5
297_ _Recovery, Ohio (3 Issues)
92,000 103.81
5
369_ _Redfield S. D., So. Dak
20,000 102.625
‘
1932
5
506_ _Remsen Ind. S. D., Iowa
41916-1921
25,000
4 34
152_ _Rensselaer County, N. Y
150,000 109.078.
6
228_ _Richland Creek Dr. D., III
12,000 101
1912-1916
6
23,500
369_ _Richland Dr. D., Ill
152_ _Richond, Va
4
m
100,000 x99
1922-1942
297_ _Rochester, N. Y
150,000 100
4
228 ..Rock County S. D.No.16, Minn. 6
1,600 100
1913-1917
389_ _Roscoe, Tex'
5
1931
7,500
228_ _Rosenburg Ind. S. D., Tex_ __ _ 5
2,000 100
1916-1931
152_ Ross County, Ohio
22,000 100.265
41916-1937
9
369_ Sacramento, Cal
4 li
75,000 100
369_ _Sacramento County, Cal
73,000 100
6
369_ St. Johns, Mich
8,305 100.06
1913-1916
5
297_ St. Joseph County, Ind
4
60,000 102.835
1928
207_ Salem, Ohio
20,000 103.71
454
369_ Salt Lake City S. D Utah
325,000 100.67
1932
4A
228_ San Benito County, Cal
1913-1942 300,000 102
5
152_ San Joaquin County, Cal
5
100,000 106.451
430_ San Francisco, Cal
4 34
148,000 100
297_ San Pedro S D., Cal
5
7,500 9.80%ba
1932
228_ Scottsville Fire D., N. Y
5
9,000 100
1912-1921
369_ Seattle, Wash
5
1,130,0001100.121
(4
369_ Seattle, Wash. issues)
4A
2,150,0001
506. Seattle, Wash.(8 issues)
7&6
164,047
297_ _Sebring, Ohio (5 issues)
25,000 101.569
506_ _Shackleford Co. Corn. S. D.
5
No, 15, Tex
1927
400
153_ _Shawnee, Okla
35,000
228_ _Shelbyville, Ind
95,799 100.563
454 1913-1931
297_ _Sioux Falls, So. Dak.(2 issues).. 5
300,000
1931
$69_ _South Omaha, Neb
1932
110.800
43(
9,000 102.07
228_ _South Orange, N. J
1932
434
12,150 102.49
1934
369_ _South Orange Twp. S. D., N.J. 434
25,000
1913-1959
369_ _Spring Lake Dr. & Levee D., III. 6
.Stevens Co. Dr. Dist. No. 2,
507.
31,000
1917
8
Wash
60,000 y100.095
297_ _Storm Lake Ind. S. D., Iowa_
4A
6
1932
30,000 100
369_ _Sutherlin, Ore
7
32,385
9312_Tacoma, Wash
1931
1,500 100
228_ _Taylor Co. Com.S.D.No.52,Tex. 5
5
200,000
431_ _Tazewell County, Va
5
370_ _Tenafly, N. J
42,500 104.341
5
297_ _Teralta Sch. Dlst., Cal
25,000 100.752
1945
130,000 101.101
82_ _Toledo City Sch. Dist., Ohio.. 4
370__Trempealeau Dr. Dist., Wis.. _ _ 5
f 40,000 100
95
115.000
5
1920-1922
370_ _Trenton, Mich
6,500
454
1922
153_ _Troy, N.Y
70,000 102.696
153_ Troy, N. Y
9,000 101.277
434 1912-1920
370_ _Valley Falls, Kan
24,000 5100 to
454
1101.50
5
229_ Victor Sch. Dist., Iowa
1921
20,000
5
370_ _Wagoner, Okla. (2 issues)
1936&1937
69,000 100
502
[VoL. Lxxxxiv.
THE CHRONICLE
Name.
Rate.
Page.
371Wagoner County, Okla
_
6
298_ _Walker Sch. Dist., Iowa
5
43%
229_ _Warren, Ohio
5
298_ _Warren County, N. Y
229_ _Westchester County, N. Y
43%
371__Wichita Sch. Dist. No. 1, Kan.. 5
432.._Wilkes-Barre, Pa
43%
298.. _Woodburn, Ore
5
154__Wright County, Minn
5
298_ _Wyandotte County, Kan
43%
371_ _Youngstown, Ohio (14 Issues)
5
Maturiy._
1932
1922
1914-1918
1935-1937
a1917
1917-1926
1913-1920
1932-1941
Amount. Price.
55,000
2,500 100
15,000 108.36
50,000 103.05
12,000 105.42
60,000 100
44,700
25,000 y100
4,000 100.30
170,000 103.563
41,420
Total bond sales for January 1912 (295 municipalities, covering 413 separate issues)
k$24,791,546
a Average date of maturity. d Subject to call in and after the earlier
year and mature In the later year. k Not including $38,257,270 of temporary loans reported, and which do not belong In the list; also does not
include $2,616,671 ot Canadian loans. x Taken by sinking fund as an
Investment. y And other considerations.
REVISED TOTALS FOR PREVIOUS MONTHS.
Page.
Name.
432_ Tilbury N. Twp., Ont
509_ _ Wainwright, Alta
432_ Waseca, Sask
372_ _Waterloo County, Ont
432_ _Woodville Sch. Dist., Alta_
Rate.
43%
53%
7
43%
Maturity.
1913-1922
1912-1931
1913-1922
Total of debentures sold in January
Amount. Price.
3,708
43,300
800 100
12,000
99.55
800 100.487
$2,616,671
•
We have also learned of the following additional Canadian
sales for previous months.
Name.
Rate.
Page.
43%
299_ _ Forest, Ont. (Nov.)
299_ _Hamiota, Man
6
,..
371_ _ Highfleld Sch. Dist. A o. 2381,
6
Alta. (July)
299__Kundson Sch. Dist. No. 2323,
Alta. (June)
6
299 ..Lake Thelma Sch. Dist. No.
2427, Alta. (Oct.)
6
299__Lehl Sch. Dist. No. 1156, Alta_ 6
299_ _Ontario
4
372_ _Owen S.D. No.2378, Alta.
(July) 6
372....Scott, Sask. (3 issues)
Maturity.
1912-1941
1931
Amount. Price.
$17,000 100.03
2,000 101.25
1912-1921
1,600
1921
1,200
101.40
1921
1921
1941
1931
1,500
1,000
750,000
1,600
34,000
101
101.50
102
The following items, included in our totals for previous
97
months, should be eliminated from the same. We give the
All the above sales (except as indicated) are for December.
page number of the issue of our paper in which the reasons These additional December issues will make the total sales
for these eliminations may be found.
for that month $2,596,883. The total of debentures sold in
Page.
Name of Municipality.
Amount. 1911 was $45,656,122, according to our
records.
294__Chehalis County Sch. Dist. No*. 9, Wash. (July list)
$2,000
295.. _Flint, Mich. (February list)
367.. Fort Scott Sch. Dist. Kans. (November list)
295.. _Howard County, Texas (November list)
388....Klamath Falls, Ore. (July list, 3 Issues)
297....Sapulpa, Okla. (December list)
297 _Sioux Falls, So. Dak. (2 issues, November list)
„
369South Omaha, Neb. (December list)
431__Summers County, W. Va. (October list)
125,000
110,000
100,000
40,500
500
300,000
110,880
105,000
We have also learned of the following additional sales for
previous months.
Rate.
Page.
Name.
5
503_ _Bridgeport, Ill
294_ _Claysville Sch. Dist., Pa. (Oct.) 43%
4
367_ _Clinton County, Pa
6
367.. Cottage Grove, Ore
504__Dawson County S. D. No. 56,
6
Mont. (March)
428__Dawson Co. S. D. No. 65, Neb.. 5
367__Dawson Co. S. D. No. 7, Mont.
(Oct.)
5
428....East Peoria, III. (Nov.)
367.. _Exeter, Cal. (Nov.)
5
367....Flathead County S. D. No. 38,
Mont. (Oct.)
6
367.. Fort Thomas, Ky
5
295_ _ Greenwich, Ohio (5 issues, Oct.) 5
6
429__Halleyville, Okla. (Oct.)
295_ _Harlingen, Tex. (2 Issues, Nov.) 5
295__Herrin, Ill. (Sept.)
5
5
295__Hilliards, Ohio (Oct.)
6
429_ _Holdenville, Okla
368_ _Hugo, Colo. (Nov.)
388__Leon, Iowa (July)
43%
4
505__Lewistown Sch. Dist., Pa
43%
296__London, Ohio
505.._Lynden, Wash. (Nov.)
6
505__McIntosh County, Okla.(Nov.)_ 6
296„Marion County, Ohio (Nov.)
43%
296__Menasha, Wis. (Oct.)
43%
296__Millersburg, Pa. (Oct.)
4
296__Monmouth S. D., Ore. (Sept.).. 53%
296_ _Nassau County,Fla
5
369„Navajo County S. D. No. 1,
6
Ariz. (Nov.)
369_ _Nez Perce S. D. No. 1, Idaho
53%
5
430__Orange, Cal. (2 Issues)
5
369_ _Polk County, Fla. (Nov.)
43%
297„Putnam County, Ind
297__Rock Co. S. D. No. 16, Minn
6
6
297__Russell, Ky
43%
430....San Francisco, Cal_
506_ _Silverton S. D. No. 1, Colo
5
5
506_ _Sleepy Hole Sch. Dist., Va
431_ _Stine Spec. S. D., Ohio (Oct.) _ 5
431_ _Teton County Sch. Dist. No. 17,
Mont. (Oct.)
53%
297....Toledo, Ore. (Oct.)
6
370.._Toppentsh, Wash
371_ _Waynesville, No. Caro. (April) _ 5
298_ _Webster City Sch. Dist., Iowa__ 43%
6
298__Whiteville, Tenn. (Oct.)
298_ _Wichita, Hans
5
Maturity.
1912-1930
d1921-1931
1912-1921
Amount. Price.
$13,000 100
15,000 101.93
58,000 100
5,519
d1916-1921
1916-1919
1,000
400
100
100
1916-1921
4,000
4,000
42,000
100
1912-1951
1931
1936
d1932-1952
1912-1941
1936
d1921-1931
1936
1912-1914
1921-1931
1921801916
1931
1942
1931
d1022-1932
1912-1951
1913-1922
1912-1921
d1921-1931
d1921-1926
d1921-1936
(11921-1931
1941
1913
100
1,390 100
25,000 104.07
9,112 105.48
60,000 100
31,500 y100
30,500 105.21
8,000 101.1125
10,887 100
2,000
25,000
20,500 100.50
20,000 101.16
2,000 100
14,470 100
6,100 100.016
40,000 101.25
15,500 100
20,000 101
60,000
---17,500 105.005
45,000 100
55,000 103.181
50,000
40,800 100
1,800 100
8,500 100
933,000
60,000 101.061
16,000 100
4,000
7,500 100
20,000 100
50,000
32,000
40,000 100.7436
10,000 101
7,635
All the above sales (except as indicated) are for December.
These additional December issues will make the total sales
(not including temporary loans) for that month $36,020,342
The revised figures make the sales for the year 1911 aggregate $397,546,313.
DEBENTURES SOLD BY CANADIAN MUNICIPALITIES IN
JANUARY.
Name.
Page.
Rate.
Maturity. Amount. Price.
230_ _Bancroft, Ont
5
1912-1931
$4,000
432.. _Bathhurst Sch. Dist.. N. B .__ .5
1951
5,500
508_ _Brooklands S. D., Man
6
1932
20,000
432_ _ Brownlee Sch. Dist.•,•Sask
53%
1932
10,000
230__Carberry, Ont
5
1932
1,086
6
371_ _Crowfoot, Alta
1912-1921
1,900
6
508_ Dominion of Canada
1912-1921
32,482
509_ _Dowell Sch. Dist., Alta
1,500
1921
371_ _ Drum Lefler, Alta
6
1,600
6
1926
230_ _Earl Gray, Sask
1,500
1913-1921
509_ _Elkhorn' Man
5
7,750
509.._ Goderich S. D., Alta
1,600
371_ _Hamilton, Ont. (11 Issues) _ _ _ 4
1,762,660
96.05
1,800
509....Hampton S. D., Alta
1932
6,400
6
509_ _Hardisty, Alta
1921
6
1,500
371_ _Heward, Sask
1932
8,500
53%
509_ _Justice S. Dist., Man
1931
5
1,000
371_ _Kappel Township, Ont
1912-1931
1.600
5
372_ _Keppel. Alta
1,000
509_ _ Knowledge S. D., Alta
1926
8,000
230_ _Luseland, Sask
6
1927
6
2,000
509.._Luseland, Sask
45,000 100
432_ _Medicine Hat, Alta
5
1921
6
2,000
372....Neighbor View, Alta
1913-1922
432....Northwest Sch. DIsts.. Can ._ _ _ 5
10,600
1913-1922
10,000
432__Northwest Sch. Dists., Can__ _ _ 6
1922
432_ _O'Connor Twp., Ont
500
6
1941
299_ _Ontario
250,000 102
4
299.. Oshawa, Ont. (4 issues)
81,485
372_ _Pollux S. D. No. 2261, Alta_ _ _ 6%
1921
300 100.411
1942
509.._PrInce Albert S. D., Sask
5
47,000
299_ _Rouieau, Sask
53% 1912-1951
15,000
1931
372.. _Rural Mun. of Eye H111, Sask._ 5
10,000
1921
299_ _Snake Hill S. D. No. 2354, Alta_ 6
1,600 101.125
432 __Steelton, Ont
1941
5
82,000
95.06
432_ _Steelton, Ont
1931
5
32,000
95.06
53% 1912-1921
372.. _Stewartville S.D. No.2232, Alta.
1,200 100
230_ _Swift (urrent. Sask.(3 Issues) _
64,000
5
1913-1942
509.._TavIstcok, Ont
20,000
News Items.
Arizona.
-Statehood Proclamation Signed by President.
President Taft on Feb. 14 signed the proclamation declaring
Arizona to be a State of the Union. The first State election
was held Dec. 12 1911 and the result referred to in the
"Chronicle" of Dec. 23, page 1736.
Ashland, Marathon County, Wis.-Commission Form of
Government Defeated.
-The election held Feb. 6 to vote on
the adoption of a commission form of government (V. 94, p.
365) resulted in a vote of 571 "for" to 839 "against."
Bozeman, Gallatin County, Mont.
-Election on Commis-An election to vote on the quession Form of Government.
tion of establishing the commission form of government
will be held April 1.
Burlington, Coffey County, Kan.
-Election on Commission Form of Government.
-An election will be held March 19
to vote on the adoption of a commission form of government, according to reports.
Ellensburg, Wash.
-City Rejects Offer of Water Co.
-The
City Council on February 10 rejected the offer of the Ellensburg Water Supply Co. to sell its water plant to the city for
8150,000. V. 92, p. 405. The Mayor, by unanimous
resolution of the Council, was authorized, it is said, to offer
to arbitrate the question at issue on condition that the
company agrees in writing not to hold the city to buy at
the appraisers' figures, which are to be based on the actual
and not the financial valuation of the plant.
Hot Springs, Fall River, So. Dak.-Election on Commission
-It is stated that on Feb. 20 the voters
Form of Government.
will decide whether or not this city shall be governed under
the commission plan.
-Governor OsMichigan.
-Special Session of Legislature.
born has issued a proclamation calling upon the Legislature
Feb. 26 for the purpose of ento meet in special session on
acting a Presidential preference primary law and for the consideration of such other subjects as shall be submitted by
special message. The regular session ended May 2 1911.
-Attorney-General Finds No Legal ObjecNew York State.
-Attorneytion to Submission of Highway Bond Referendum.
General Carmody in an opinion rendered Feb. 9, in response
to an inquiry from Senator Ferris, holds that there is no
legal objection to the submission of a referendum to the
people for the raising by bond issue of additional money for
the construction of improved highways. At the November
1905 election a new section (Sec. 12) was added to the State
Constitution providing for a debt of not exceeding $50,000,000 for highway purposes. In the opinion of the AttorneyGeneral, this amendment cannot be deemed a limitation of
the power of the people to vote additional moneys for highways, if they so desire, under the conditions and limitations
prescribed by Art. VII., Sec. 4.
A bill providing for the submission to the electors of a
proposition to issue $50,000,000 highway bonds has been
introduced by Senator Murtaugh.
The State Commission of Highways in its annual report to
the Legislature on Feb. 15 points out that in order to complete the original system of good roads 5,907 miles of country
roads and 1,340 miles of State highways will have to be constructed, and for that reason $50,000,000 additional is
necessary.
•
Portage, Columbia County, Wis.-Election on Commission
-An election will be held Feb. 20 to
Form of Government.
vote on the question of adopting the commission form of
government.
Rice Lake, Barron County, Wis.-Commission Form of
Government Approved.
-By a majority of 286 votes, the
question of adopting the commission form of government
was approved at an election held Feb. 6.
San Francisco, Cal.-Supervisors Adopt Ordinance to Reopen Negotiationsfor Purchase of Plant of Spring Valley Water
-The Board of Supervisors on Feb. 5 adopted an ordiCo.
nance providing for the reopening of negotiations with the
Spring Valley Water Co. for the purchase of its property. A
FEB. 17 1912.J
THE CHRONICLE
503
Districtcommittee of five has been appointed to confer with the
No. of Bonds. Int. Ceases.
Local Improvement District No. 707
5 to 12 incl. Feb. 11 1912
company in the matter of fixing a price. During previous Local Improvement District No. 439
1 to 10 incl. Feb. 7 1912
Local Improvement District No. 736
negotiations the electors defeated a proposition to buy the
1 to 4 incl. Feb. 7 1912
Feb. 7 1912
1 and 2
Spring Valley works for $35,000,000, and instead ratified Local Improvement District No. 772
the issuance of $45,000,000 bonds for a municipal system
with a source at Lake Eleanor. See V. 90, p. 254. Of ,the
Bond Proposals and Negotiations this week
bonds authorized, $1,125,000 have been sold. V. 94, p. 430. have been as follows:
ADAMS COUNTY (P. O. Hettinger). No. Dak.-Bond Sale.
-On Feb. 1
Superior, Douglas County, Wis.-Vote.-The vote cast
was awarded at 101.60 for
at the election held Jan. 23 in favor of the commission form the Union Investment Co. of Minneapolisseed-grain bonds (V. 94, p. 7s-a
basis of about 6 36%-the $35,000 2-yr.
294).
Denom. $500. Date March 1 1912. Int. M. & S.
of government (V.94, p. 366) was 1,591 to 1,390.
AKRON, Ohio.
-Bona Offering Postponed.
-The sale of the $815,000
Tacoma, Wash.
-Movement to Recall Mayor Fails.
-The water-works purchase bonds which was to have been held Feb. 10 (V. 94,
ip. 366) was postponed until March 12, due to changing the interest rate
organizers of a movement to recall Mayor Seymour have, it from 436% to 4
,
%-see V. 94, p. 427.
is said, admitted their inability to secure sufficient names to
ALLEGHENY COUNTY (P.
-Bond Sale.
cause a recall election. Mr. Seymour was elected to succeed Feb. 13 the $1,800,000 4% 30-yr. 0. Pittsburgh), Pa.bonds, Series -On
coup. tax-free bridge
No. 3
former Mayor Fawcett, who was recalled last April after (V. 94, p. 427) were awarded to J. S. & W. S. Kuhn, Inc. of Pittsburgh
and R. Glendinning ec Co. of Philadelphia at their joint ' of 100.0067
bid
serving eleven months of a .four-year term. See V. 92, and interest.
p. 1127. A dispatch from Tacoma to the "New York Times"
ATLANTIC COUNTY (P. 0. May's Landing), N. J.
-Bonds Not Sold.
No award was made on Feb. 10 of $38,000 5% coup. or registered bridge
says in part:
bonds offered on
• Buyers of $2,000,000 Nisqually Power Plant bonds for a municipal project
nearing completion and other bond buyers contend that recall elections will
only injure the city's credit. At the April election Tacoma will probably
amend the city charter by providing that recall petitions can be signed only
at the City Clerk's office. Heretofore unemployed men and women
peddled recall petitions from house to house, being paid 5 cents for each
signature of a registered voter. The chief criticism of Mayor Seymour is
that he permitted similar recall methods on his own behalf last spring.
Texas.
-Decision Concerning Independent School Districts.
-Newspaper dispatches from *Austin state that the Third
Court of Civil Appeals in a recent ruling in the Blum Independent School District case held that an independent school
district cannot adopt a valuation in excess of that placed
upon the property in the district for State and county taxation purposes. Following this ruling the Attorney-General's
Department has declined to approve a bond issue of Handley
Independent School District, near Fort Worth, as the valuation for State and county purposes would not pertnit the
issue.
•
United States.-Senator Stephenson of Wisconsin Exonerated from Charges of Corruption and Bribery.
-On Feb. 10
the Committee of the U. S. Senate on Privileges and Elections, by a vote of 8 to 5,approved the report of the subcommittee exonerating Senator Stephenson of Wisconsin
from charges of corruption and bribery in connection with
his election to the U. S. Senate. The sub-committee which
has been making investigations since last October submitted
a unanimous report on Jan. 20. The members of the full
committee of privileges and elections which voted against
the approval of the sub-committee's report are Senator,
Kern of Indiana, Jones of Washington, Clapp of Minnesota,
Kenyon of Iowa and Lea of Tennessee. They take the ground
that the expenditure of $107,000 in the Senatorial primary
raised a presumption of wrongdoing on the part of Senator
Stephenson, and that they failed to find in the evidence that
such a presumption had been removed.
Warren, Pa.
-Proposed "Non-Liability" Bonds for Purchase of Water Works Declared Unconstitutional.
-The suit
instituted by D. E. Lesser against the Borough of Warren
to test the constitutionality of the "Millison Act" of the
Pennsylvania Legislature, under which the borough proposed
to issue $390,000 non-liability bonds on account of the purchase of the Warren Water Co.'s plant, was decided on Feb.12
by Judge Thos. J. Prather of Crawford County. In sustaining the injunction restraining the sale of the bonds mentioned, Judge Prather says in part that "the transaction constitutes an indebtedness of the defendant borough for an extraordinary undertaking in excess of the constitutional limits
and beyond its current revenues and present means of payment; and that the Acts of Assembly relied on to sustain this
proceeding could not confer upon the borough of Warren any
authority to contract such indebtedness in excess of the constitutional limitation."
As stated in V. 93, p. 1413, the borough proposed to pay
$490,000 for the water-works and to issue $100,000 municipal
bonds and the $390,000 non-liability bonds referred to above,
the latter to be secured only by the water plant, franchises
and lines, as provided in the Millison bill.
Wisconsin.
-Motion for Rehearing of Income Tax Case.
On Feb. 7 attorneys for H. W. Bolens of Port Washington
filed in the State Supreme Court a motion for a rehearing of
the suit attacking the constitutionality of the income tax law.
The Supreme Court declared the law constitutional in a decision rendered Jan. 9. V. 94, p. 149.
Waukesha, Wis.-Commission Form of Government Re-The proposition to adopt a commission form of govjected.
ernment has been rejected by a vote of 273 "for" to 923
"against."
NOW
Bond Calls and Redemptions.
-Bond Call.
Spokane, Wash.
-The following special im'pt.
bonds are called for payment on March 1 at the City Treasurer's office:
GRADE BONDS.
-Bonds Nos. 9 to 12, incl.
Sheridan Dist. No. 392
SEWER BONDS.
11th Ave. Dist. No. 554-Bond No. 5.
-Bonds Nos. 12 to 19. incl.
486
Howard Dist. No.
-Bond Call.
-The following bonds are
Tacoma, Wash.
called for payment.
. •.... .
that day. The bonds will be re-advertised for sale, we are
advised. about March 15 or April 1.
AVALON. Cape May County. N. J.
-Bond Sale.
-On Feb. 13 the
$15,000 5% 30-year water bonds (V. 94, p. 366) were awarded to the
Ocean City Title & Trust Co. at 100.75. • Denom. $500. Date Feb. 1
1912. Interest F. & A.
BAINBRIDGE, Decatur County, Ga.-Bond Sale.
-The RobinsonHumphrey-Wardlaw Co. of Atlanta has been awarded at private sale the
$50,000 school, $15,000 city-hall, $25,000 paving and $10,000 water-worksexten. 5% bonds which were to be offered at public sale on March 4 (V. 94,
p. 294). The price paid was 103.50.
• BARBERTON CITY SCHOOL DISTRICT (P. 0. Barberton). Summit
-Bond Offering.
County, Ohio.
-Further details are at hand relative to the
offering on Feb. 19 of the $48,000 4 3% coup. bonds (V. 94, p. 428). Proposals will be received until 12 m, on that day by G. T. Keys, Clerk. De
nom. $500. Int. M. & S. at the Clerk-Treas. office, Due on Sept. 1 as
follows: $500 yearly 1915 to 1920, incl.; $1,000 yrly. 1921 to 1924 incl.;
$2,000 yrly. 1925 to 1927 incl.; $2,500 in 1928 and 1929 and $3,000 yrly.
1930 to 1939 incl. Cert. check for $2,400 is required. Bids must be un-.
conditional and certified transcript will be furnished to successful bidder.
Purchaser to furnish blank bonds at his own expense.
BEAUMONT, Jefferson County, Texas.
-Bond Offering.
-Proposals will
be received until 10 a. in. April 4, It is stated, by J. G. Sutton, City Secretary, for $150,000 abattoir-building and street-paving bonds.
BEAVERCREEK TOWNSHIP SCHOOL DISTRICT (P. 0. Alpha).
-Bonds Not Sold.
Greene County, Ohio.
-No award was made on Feb. 3
of the $7,000 6% coup. high school bldg bonds offered on that date (V. 94,
p. 294), as the issuance of the bonds was temporarily restrained by the
Common Pleas Court of Greene County on Jan. 30 1911.
BETHANY AND PINE RIVER UNION SCHOOL DISTRICT NO. 1,
-Bond Sale.
Mich.
-On Feb. 9 the $8,000 4% coup. bonds due Feb. 1
1927 (V. 94, p. 366) were awarded to the Union Trust Co. of Detroit. Other
bids were received also from the H. C. Speer & Sons Co. Hanchett Bond
Co. and Bolger, Mosser dc Willaman of Chicago, Hoehici & Cummings of
Toledo and W. E. Moss & Co. of Detroit.
BIRMINGHAM. Oakland County. Mich.
-Bond Offerinp.-Proposals will
be received until 7:30 p. m. Feb. 26 by G. L. Kemp Village Clerk, for
$25,000 4 34% coupon sanitary sewer bonds. AuthoritY, an election held
March 12 1911. Denom. $1,000. Date March 12 1912. Int. M. & S. at
the Village Treasurer's office. Due March 12 1927. These bonds are taxexempt in Michigan. Certified check for $1,000. payable to the Village
Treasurer, required. Engraved blank bonds to be furnished by purchaser.
BOISE CITY. Idaho.
-Bond offering.
-Proposals will be received until
12 m. Feb. 23 by E. L. Savidge, City Clerk, for $4,400 7% Dist. No. 33
sidewalk and curbing bonds. Int. J. & J. at the City Treas. office. Due
$440 yearly Jan. 1 1913 to 1922 incl. Cert. check on a bank of Boise City
for 5% of bonds bid for is required. These securities were previously offered on Jan. 26 (V. 94, p. 224.)
BOLLINGER COUNTY (P.0. Marble Hill), Mo.-Bond Sale.
-On Feb. 7
the $8,000 6% 2-yr. (ay.) coup. court-house bonds (V. 94, p. 224) were
awarded to the Wm. R. Compton Co. of St. Louis at 101.90-a basis of
about 5%. Other bids follow:
Commonwealth Trust Co_ ___$8,145 Bank of Marble Hill
$8,096
„Coffin & Crawford, Chicago__ 8,121 Donaldson Bond & Stk. Co
8,080
Francis Bros. & Co., St. Louis 8,120 Fidelity Trust Co
8,010
Bollinger County Bank
8,100
Date Feb. 15 1912.
BORDEN COUNTY (P. 0. Gail), Tex.
-Bonds Defeated.
-We are advised that a propositon to issue $50,000 court-house bonds was defeated
at a recent election.
BRAINTREE. Norfolk County, Mass.
-Bond
Sale.-On Feb. 14
$15,000 4% 1-10-year (serial) coupon water loan of 1911 bonds were
awarded to Estabrook & Co. of Boston at 101.85 and Int.-a basis of about
3.625%. Date Oct. 1 1911. Int. A. & 0. at the Old Colony Trust Co. of
Boston. Other bids follow:
E.M.Farnsworth &Co.,Bos__ _101.83 I Lee, Higginson & Co., Bos_ _101.419
Blodget & Co., Boston
101.66 R. L. Day & Co.. Boston_ __ _101.299
Kuhn, Fisher & Co. Boston_101.6331E. H. Rollins & Sons, Bos__ _101.197
Blake Bros. & Co., Boston_ _101.45 Curtis & Sanger, Boston_ _ _101.181
'
Adams ei Co., Boston
101.42 N. W. Harris &
-Price Paid for Bonds.
BRIDGEPORT, Lawrence County, III.
-The
price paid for the $13,000 5% water-works bonds awarded. on Dec. 4 1911
to the Little & Hays Investment Co. of St. Louis (V. 94, p. 428) was par
and int. Denom. $1,000 and $500. Date Dec. 1 1911. Int. ann. on
March 1. Due $500 yearly until 1924 and $1,000 yearly thereafter.
BROWNWOOD. Brown County, Texas.
-Bond Sale.
-On Feb. 8 the
$15,000 5% water-works impt. bonds voted Nov. 20 1911 (V. 93, p. 1548)
were awarded, reports state, to the United States Bond & Mtge. Co. of
Dallas. The price is said to be a trifle above par.
BUHL SCHOOL DISTRICT (P. 0. Buhl), Twin Falls County, Idaho.
Bonds Voted.
-Reports state that an election held recently resulted in
favor of a proposition to issue $60,000 high-school bldg. bonds. The vote
Is given as 344 to 80.
BYERS INDEPENDENT SCHOOL DISTRICT (P. 0. Byers). Clay
-Bond Sale.
County, Texas.
-The $12,000 5% 20-40-year (opt.) bonds
(V. 92, p. 1580) were awarded to the State Permanent School Fund at par
and interest.
CAMBRIDGE, Washington County, N. Y.
-Bond Offering.
-Proposals
will be received until 7:30 p. m. Feb. 29 by J. W. Smith, Village Clerk, for
$30,000 1-30-year (serial) street
-improvement bonds, It is stated. Interest
(at not exceeding 5%) semi-ann. Cert. check for $500 is required.
-Reports state that the
CARROLL COUNTY, Miss.
-Bands Authorized.
Board of Supervisors authorized the issuance of $30.000 road-impt. bonds.
-Bond Sale.
CHAMPAIGN COUNTY (P.O. Urbana). Ohio.
-On Feb. 12
the National Bank of Urbana in Urbana was awarded at par $19,480 4%
coup. bonds. Denom. (10) $1,000, (10) $450, (10) $360, (6) $70 and (6)
$160. Date Feb. 12 1912. Int. semi-ann. at the Co. Treas. office.
-Temporary Loan.
CHICOPEE. Hampden County. Mass.
-On Feb. 9
a loan of $100,090. due Nov. 30 1912, was negotiated with the Worcester
North Savings Institution at 2.87% discount and 50 cents premium.
CLARK COUNTY SCHOOL DISTRICT NO. 6, Wash.
-Bond Sale.
On Feb. 3 the $100,000 20-yr. high-school-bldg. bonds (V. 94, p. 294) were
awarded to L. D. Laning of Kansas City at par for 43.6s. Eighteen other
were received. Bonds arc dated Feb. 3 1912.
bids
CLEVELAND. Ohia.-Bond Offering.
-P op sals will be received until
according to newspaper dispatches, for $1,(0O,000 municipal
April
t bonds, $180,000 Dugway Brook sewer bonds, $18,000 park
bonds to the purchase of a State hospital roperty, and $145,000 park
bonds for VI erection of two park bath houses. Abo t $1,000,000 additional bonds must be withheld, it is said, pending a final decision on the
question of the right of the city t oiler a bond issue prior to the lapse of
60 days after the passage of the bond ordinance.
• • • • •
•
•
•
504
THE CHRONICLE
-Proposals will be re-Bond Offering.
IC-CLEVELAND HEIGHTS. Ohio.
ceived until 12 m. March 19 by H. H.Canfield, VII. Clerk (P. 0. No. $09,
Beckman Bldg., Cleveland) for the following 4 A% coup. street-impt,
assess. bonds:
$36,660 Superior St. bonds. Denom. (1) $160; (1) *500 and (36) *1,000.
Due on Oct. 1 as follows: *3,660 in 1912, $3,000 in 1913, 1914 and
1915 and $4,000 yrly. from 1916 to 1921 incl.
2,094 Arlington Road bonds. Denom. (1) $94 and $(4) 500. Due
on Oct. 1 as follows: *94 In 1912 and *500 In 1914, 1917 1919
and 1921.
Auth., Sec. 3914, Gen. Code. Date "day of sale." Int. A. & 0. beginning April 1 1912, payable at the VII. Treas. office. Bonds to be delivered
and paid for within 10 days from time of award. Cert. check on a bank,
other than the one making the bid,for 10% of bonds bid for, payable to the
Village Treas., required. Purchaser to pay accrued interest.
-In addition to the propositions to
-Bond Election.
• COLUMBUS, Ohio.
issue the $700,000 grade-crossing-elimination, *250,000 prison-bldg. anct
$265,000 light-ext. bonds to be voted upon at the election to be held May 21
(V. 94, p. 225), the question of issuing *350,000 city-hall, mall and artmuseum-site bonds will also be submitted to a vote on that date.
-We are advised
CORDELE, Crisp County, Ga.-No Bonds to be Issued.
by the City Clerk that the issuance of the $100,000 improvement bonds
(V. 93, p. 1680) has been called off.
-On Feb. 8 $15,000
-Bond Sale.
CRESSKILL, Bergen County, N. J.
5% coup, funding bonds were awarded to the First Nat. Bank of Tenafly
at 101.25 and int.-a basis of about 4.81%. A bid of 101.05 was also re
ceived from the Palisade Trust & Guaranty Co. Denom. *1,000. Dat
Feb. 1 1912. Int. semi-ann. Due *1,000 yrly. Feb. 1 1913 to 1927 incl.
DAWSON COUNTY SCHOOL DISTRICT NO.56(P.O. Sidney), Mont.
-The State Board of Land Commissioners were awarded at par in
Bond Sate.
March 1911 the *1,000 8% 5-10-yr. (opt.) bldg. bonds offered on Feb. 25
1911 (V. 92, p. 205). Date Aug. 1 1911. Int. annual.
-Proposals will be received until 12 m.
DAYTON,°Mo.-Bond Offering.
March 5 by G. W. Bish, City Auditor, for the following coupon bonds:
*8,200 4 A% Third Alley South of Fifth St. bonds. Denom. $1,000 and
$1,200. Date Jan. 1 1912. Due $1,200 Jan. 1 1919 and
*1,000 yearly Jan. 1 from 1920 to:1926, inclusive.
15,000 4% bridge-construction bonds. Denom. $1,000. Date Jan. 1
1912. Due *5,000 Jan. 1 1919, 1920 and 1921.
8,000 43% Linden Ave. and Central Ave. improvement bonds. Denom.
*1,000. Date Jan. 1 1912. Due $1,000 yearly Jan. 1 from
1916 to 1923, inclusive.
10,500 5% Sanitary Sewer District No. 9 assessment bonds. Denom.
*1,000 and $500. Date Feb. 1 1912. Due on Feb. 1 as
follows: $500 in 1914, *1,000 yearly from 1915 to 1918, Incl.,
*2,000 in 1919, *1,000 in 1920, $2,000 in 1921 and $1,000 in
1922.
11,000 5% Summitt St. paving assessment bonds. Denom. *1,000.
Date Feb. 1 1912. Due *1,000 yearly Feb. 1 from 1913 to
1923, inclusive.
11,500 5% Herman Ave. paving assessment bonds. Denom. $1,000 and
$1,500. Date Feb. 11912. Due on Feb. 1 as follows: *1,500
in 1914, *1,000 yearly from 1915 to 1918, incl., *2,000 in 1919,
$1,000 In 1920, $2,000 in 1921 and *1,000 in 1922.
5,100 5% Sanitary Sewer District No. 6 assessment bonds. Denom.
*1,000 and 81,100. Date Feb. 1 1912. Due on Feb. 1 as
follows: *1,100 in 1914 and $1,000 in 1917, 1918, 1921 & 1923.
4,400 4% Coate Ave. extension bonds. Denom. (3) *1,000 and (1)
*1,400. Date Jan. 1 1912. Due *1,400 Jan. 1 1920 and
$1,000 Jan. 1 1921, 1922 and 1923.
5,700 43i% Clover St. (city's portion) bonds. Denom. (4) $1,000 and
(1) $1,700. Date Jan. 1 1912. Due *1,700 Jan. 1 1920.
$1,000 yearly on Jan. 1 from 1921 to 1924, inclusive.
22,500 5% Troy St. paving assessment bonds. Denom. (1) $1,500 and
(21) $1,000. Date Oct. 1 1911. Due on Oct. 1 as follows:
*1,500 In 1913, $2,000 yearly from 1914 to 1917, incl.. $3,000
in 1918 and $2,000 yearly from 1919 to 1923, inclusive.
Interest semi-annually In New York. Certified check on a national bank
for 5% of bonds bid for, payable to Auditor, required. Bonds to be
delivered March 5 at the office of the Treasurer.
-On Feb. 8 the
-Bonds Registered.
DECATUR, Wise County, Texas.
State Comptroller registered the $18,000 6% 10-40-year (opt.) bonds voted
on Jan. 2 (V. 94, p. 150).
-On Jan. 17 $4,000 5%
-Bond Sale.
DEMAREST. Bergen County, N. J.
1-20-yr. (ser.) funding bonds were awarded to the Closter Nat. Bank of
Closter at 101-a basis of about 4.88%. Denom. *200. Date Jan. 11912.
Int. J. & J.
DES MOINES INDEPENDENT SCHOOL DISTRICT (P. O. Des Moines),
-An election will be held March 11 to
Polk County, Iowa.-Bond Election.
vote on the question of issuing *135,000 building, equipping and site
purchase bonds.
-Further details
-Bond Offering.
DICKSON. Dickson County, Tenn.
are at hand relative to the offering on March 1 of the $15,000 coup. school
bonds (V. 94, p. 428). Proposals for these bonds will be received until
12 m. on that day. Int. (rate not to exceed 6%) semi-annual. Due 30
years. J. M. Smith is Mayor.
DIMMIT COUNTY COMMON SCHOOL DISTRICT NO. 2, Texas.
-The State Permanent School Fund was awarded at par and
Bond Sale.
int. $5,000 10-40-year (opt.) bonds.
-The election held
-Bonds Voted.
DULUTH, St. Louis County. Minn.
Feb. 6 resulted In favor of the proposition to issue $700,000 4 A % 30-yr.
electric light and power plant bonds (V. 94, p. 295.) The vote was 5,374
"for" to 3,829 "wrainst."
-Local
-Bond Election.
EL PASO COUNTY (P. 0. El Paso), Texas.
papers report that the County Commissioners have arranged to call an
election for April 7, to vote on the question of Issuing $10,000 levee erection
bonds.
ENTERPRISE IRRIGATION DISTRICT, Fremont County, Idaho.-No award was made on Feb. 7 of the *20,000 funding
Bonds Not Sold.
bonds offered on that day (V. 94, p. 367). These securities arc now being
offered at private sale. Int. J. & J. Date July 1 1912.
-A
-Bond Election.
ERIE TOWNSHIP (P. 0. Monroe County, Mich.
vote will be cast on Feb. 19 on propositions to issue $32,000 and $40,000
highway bonds, according to reports.
-On Feb. 12 the *400,000
ESSEX COUNTY, Mass.-Temporory Loan.
temporary loan, due $100,000 Nov. 15, *100,000 Nov. 25, *100,000 Dec. 15,
*100,000 Dec. 25 (V. 94, p. 428) was negotiated with the City National
anti ,
Bank of Gloucester at 2.79 % discount.
-Proposals will be
EUCLID, Cuyahoga County, Ohlo.-Bond Offering.
received until 12 m. March 25 by F. H.Shoaff, VII. Clerk, for $20,602 4 A%
water-main assess, coup. bonds. Auth..Sec. 3914 Gen. Code. Denom.(1)
$102 (1) $500 (20) $1,000. Date "day of sale." Int. A. Se 0. at Treasurer's office. Due $1,602 Oct. 1 1912, $2,000 yrly. on Oct. 1 from 1913 to
1920 incl. and *3,000 Oct. 1 1921. Cert. check on some bank other than the
one making the bid,for 10% of bonds bid for,. payable to Treasurer,required.
Bonds to be delivered and paid for within 10 days after time of award.
Purchaser to pay accrued Interest.
-An election will be
-Bond Election.
EUREKA. Humboldt County, Cal.
held during March, it is stated, to vote on the question of issuing $150,000
$100 and $250.
4 A % school bonds. Denom.
-On Feb. 12 the
-Bond Sale.
FALMOUTH. Pendleton County, KY.
295)
-19-year (serial) coupon clectrlc-light bonds (V. 94.
$7,500 5% 5
p.
were awarded to the Citizens' Bank of Falmouth at 102. Ten bids were
received.
FLATONIA INDEPENDENT SCHOOL DISTRICT (P. 0. Flatonia),
-The State Permanent Sch ol Fund
-Bond Sale.
Fayette County. Texas.
has been awarded $5,000 5% 20-40-year (opt.) bonds at par and interest.
-Bond Offertng.-Proposals will be
FOREST. Hardin County, Ohio.
received until 12 m. March 18 by R. R.Edwards, Vii. Clerk, for the following 5% bonds:
$4,000 Paterson St. impt. (village portion) bonds. Date Dec. 1 1911. Due
$500 yrly. on April 1 from 1913 to 1920 incl.
5,000 Lltna St. impt. (village portion) bonds. Date Feb. 1 1912. Due
$500 yrly. on April 1 from 1913 to 1922 Incl.
Auth. Sec. 3939 Gen, Code. Denom. *500. Int. semi-ann. Cert.
check for 5% of bonds bid for, payable to Treasurer, required. Bonds to
be delivered and paid for within 10 days after time of award. Purchaser
to pay accrued interest.
[VoL.
FOUNTAIN VALLEY IRRIGATION DISTRICT. El Paso County, Colo.
-The question of issuing $500,000 bonds.
-No Bond Election at Present.
which, It was reported In one of the papers would be voted upon on Feb.14,
will not be submitted for some time, we are advised.
-Wm. E. Sweet & Co. 01
-Bond Sale.
FOWLER, Otero County, Colo.
Denver have been awarded *20,000 6% 10-15-yr. (opt.) water-works
construction bonds. Denom. 8500. Int. semi-ann.
-Bond
FRANKFORT INDEPENDENT SCHOOL DISTRICT, Texas.
-The State Permanent School Fund has purchased $2,000 5% 5-20
Sale.
year (opt.) bonds at par and Interest.
-Bond Offering.-According to local
FULLERTON. Orange County, Cal.
papers,the City Trustees have ordered the advertising of *146,000 bridge
-improvement bonds.
and street
-Bond
GALVESTON COUNTY COMMON SCHOOL DISTRICTS, Texas.
-The State Permanent.School Fund was awarded at par and int.
Sale.
-year (opt.) Dist.
-20-year (opt.) DIA. No. 20 and *2,300 10-20
*3,000 5
No. 12 5% bonds.
-The election
-Bond Election.
GENESEE COUNTY (P. 0. Flint), Mich.
to vote on the question of issuing the $500,000 road-coast. bonds (V. 93, p.
1.
1213), will be held, It Is stated, on April
-An election
-Bonds Voted.
GLENDALE, Los Angeles County, Cal.
vote of 134 to 3 in favor of the
held Feb. 2 reported, results state, in
question of issuing *40,00 bonds t extend t e electric-hg .ting system
in West Glendale.
-Proposals will
GLENNVILLE, Tattnall County, Ga.-Bond Offering.
be received until 12 m. March 6 by the Mayor and City Council for the
$15,000 5% coupon school-building bonds (V. 94, p. 295). Denom. $1,000. Date Feb. 1 1912. Int. F. & A. Due $5,000 on Feb. 1 In 1922,
1932 and 1942. Cert. check for *1,000 required. R. B. Anderson Is
City Clerk,
-Pro-Bond Offering;
GLOUCESTER COUNTY (P.O. Woodbury), N. J.
posals will be received unit' 2 p. m. Mob. 5 by G. E. Pierson, County Collector, for *66,000 4 A% registered road-Impt. bonds. Denom. $500.
Date April 1 1912. Int. A. & 0. at the Collector's office. Due $3,000
yearly April 1 from 1913 to 1934, incl. Cert. check for *500, payable to
the Collector, required.
Kent
GRAND RAPIDS SCHOOL DISTRICT (P. 0. Grand Rapids),to the
-Further details are at hand rclatlye
-Bond Offering.
County, Mich.
offering on Feb. 19 of the $45,000 4% coup, school bonds (V. 94, p. 295).
H. N.
Proposals for these bonds will be received until 12 m. on that day by
Morrill, Secy. Bd. of Ed. Denom. *1,000. Date Sept. 1 1911. Int.
M. & S. at the Treas. Bd. of Ed. office in New York exchange. Due *35,000
Sept. 1 1922 and $10,000 Sept. 1 1923. Bids must be unconditional.
Bonds are tax-exempt in Michigan. An unconditional certified check for
3% of bonds bid for, payable to the Pres. Bd. of Ed., required. Purchaser
to pay secured interest.
-The
-Description of Bonds.
( Wash.
GRANGER, Yakima County
*15,100 6% 20-year water-works bonds awarded on Jan. 24 to Allen &
Wells of Spokane at par, interest and blank bonds (V. 94, p. 429), are in
the denom. of *1,000 each and dated Jan. 1 1912. Interest J. & J.
GRAN V I LLE SCHOOL DISTRICT, Fresno C unty. Cal.- ond Election.
-An election will be held Feb. 26 to vote on the question of issuIng $7,000
-11-year (ser.) bonds. Denom. $1,000. Int. annual.
6% 5
-No award has
-Bonds Not Sold.
GULFPORT, Hillsboro County, Fla.
been made of the $4,400 6% bonds offered on Nov. 6 1911.
-The
of Bonds.
-Description
GUNNISON, Gunnison County, Colo.
$90,000 8% 10-15-year (opt.) reg. water bonds awarded on Oct. 24 1911 to
& Co. of Kans. City, Mo., at par, less 5% commission (V. 93,
Sutherlin
J.& J.
D. 1276) are in the denom. of 81.000 each and dated Jan. 11912. Int.
U NTER IN DEPENDENT SCHOOL'DISTRICT (P.0.Klunter). Grayson
-The State Permanent School Fund was awarded
-Bond Sale.
County,Tex.
$4,200 5% 10-40-year (opt.) bonds at par.and interest.
-Further details
GUTTENBERG,Hudson County, N.J.-Bond Offering.
are at hand relative to the offering on Feb. 19 of tile $143,000 5% coup.
funding bonds (V. 94, p. 429). Proposals for these bonds will be received
until 8 p. m. on that day by the Connell Board. Auth. Act approved
March 23 1898. Denom. $1,000. Date Jan. 1 1912. Int. J. & J. at the
People's Safe Deposit & Trust Co., Union. Due Jan. 1 1942. Bonds are
tax-exempt. Cert check for $2,500, payable to W. J. Eypper, Town
Treasurer, required. These bonds will be certified as to their genuineness
by the United States Mtge. & Trust Co., New York, and their legality has
been approved by J. E. Walscheld, Town Att., Union. Bids to be made
on blanks furnished by the town. Bonds to be delivered March 1, unless
a subsequent date shall be mutually agreed upon. Purchaser to pay accrued interest.
The official notice of this bond offering will be found among the advertisements elsewhere in this Department.
-Proposals
-Bond Offering.
HADDONFIELD, Camden County, N. J.
will be received until 8 p. rn. March 4 by Allen Clymer, Boro. Clerk, for the
p. 429). Denom. $1,000. Date
$150,000 4%1Istrect-impt. bonds (V. 94,
April 1 1912, Int. semi-annual at the Boro. Treas. office. Due April 1
1942. Cert, check for 2% of bonds bid for, payable to C. E. Magill,
Bore. Treas., required.
The official notice of this bond offering will be found among the advertisements elsewhere in this Department.
-Bonds Voled.-AccordIng to
HALE COUNTY (P.O. Greenboro), Ala.
early returns, the proposition to issue the $100,000 road-construction bonds
(V. 93, p. 971) was favorably voted upon at the election held Feb. 6.
-The
-Bond Sale.
HAMILTON COUNTY (P. 0. Chattanooga), Tenn.
Provident Savings Bank & Trust Co. of Cincinnati has purchased ,,the
Jail and $65,000 20-year
*350,000 30-year court-house, $75,000 30-year
Lookout Mountain Road 4 A% coup. bonds offered on Feb. 10.
HAMILTON TOWNSHIP SCHOOL DISTRICT, Mercer County, N. J.
-On Jan. 26 *16,000 4 A % school bonds were awarded to R.
Bond Sale.
M. Grant & Co. of New York at 100.271. Denom. $1,000. Date Feb. 2
1912. Int. F. & A. Due 23, 25, 26 and 27 years.
-Description of Bonds.
HARDIN COUNTY (P. 0. Kenton), Ohio.
The *20,000 4 A % bridge bonds awarded on Feb. 5 to Seasongood & Mayer
429) are In the denom. of $1,000 each
of Cincinnati at 101.46 (V. 94, p.
and dated Feb. 1 1912. Int. semi-annual.
-Proposals will
HARDWICK. Caledonia County, Vt.-Bond Offering.
be received until 8 p. m. Feb. 19 by B. E. Bullard, Chairman of the Bond
elec.-light loan of 1911 bonds. Denom.
Committee,for *15,000 4% coupon
$1,000. Date July 1 1911. Int. J. & J. at the Proctor Trust Co. in Proctor. Due July 1 1931. Purch. to pay accrued int. The bonds will be
certified as to their genuineness by the Old Colony Trust Co. of Boston,
which will further certify that the legality of this Issue has been approved
by Ropes, Gay & Gorham of Boston, a copy of whose opinion will accompany the bonds, when delivered, without charge to the purchaser.
-An
-Bond Election.
HARNETT COUNTY (P. 0. Lillington). No, Car.
election will be held Feb. 27 to vote on a proposition to issue *100,000 road
bonds.
-Bond
HARRIS COUNTY COMMON SCHOOL DISTRICT NO. 2, Texas.
-An issue of $2,000 5% 20-year bonds has been awarded at par_and
Sale.
int. to the State Permanent School Fund.
-The
-Bonds Defeated.
HASKELL COUNTY (P. 0. Haskell), Tex.
proposition to issue $75,000 5% road-bonds was defeated at the election
held Feb. 3 (V. 94, p. 367.)
HAYS CREEK SWAMP LAND DRAINAGE DISTRICT. Carroll and
-Bond Offering.-Proposals will be received
Montgomery Counties, Miss.
until 2 p. m. Feb. 26 by L. W. Herring, Secy. Dr. Commrs. for 6% coup.,
and
tax-free bonds in the sum of $20,000 for the district in Carroll CountyDate
$8,800 for the district in Montgomery County. Denom. $500.
1912. Int. annually on May 1 in St. Louis. Due part in 5 years,
May 1
part In 10 years and in 15 years and part in 20 years from date. Cert,
check for 10% required.
-On Feb. 12 the
-Bond Sale.
HERKIMER. Herkimer County, N. Y.
$20,738.26 (not $20,731.86, as at first reported), road bonds (V. 94, p.429)
were awarded to C. A. McCreary, Cashier of First/Nat. Bank as 4.30s.
Int. annually on March 1. Dueplarch 11923.
FEB. 17 1912.
THE CHRONICLE
HESTER SCHOOL DISTRICT (P. 0. San Jose), Santa Clara County,
-An election held Feb. 2 resulted in a vote of 143 "for"
-Bonds Voted.
Cal.
to 40 "against" a proposition to issue $9.000 schooLbonds. Due $1,000
in 1 yr. and $2,000 yrly. thereafter.
-R.Milton
-Bond Offering.
HIGHLAND PARK. Wayne County, Mich.
Ford, Village Clerk, is offering for sale $12,000 4% fire-dept. bonds. De
Oct. 1 as follows: $2,000 in 1918,
nom. $1,000. Int. semi-ann. Due
$3,000 in 1919, 1920 and $4,000 in 1921.
The official notice of this bond offering will be found among the advertisements elsewhere in this Department.
-An election will be held Mch. 11 to vote on a propoBond Election.
sition to issue $10,000 470 20-year playground bonds.
HIGHLAND PARK PUBLIC SCHOOL DISTRICT (P. 0. Highland
-The award on Jan. 18
-Bonds Re-Awarded.
Park), Wayne County, Mich.
1
,
of $55,000 43 % 15-yr. bonds to the Detroit Trust Co. of Detroit (V. 94,
p. 295) has been rescinded and the bonds re-awarded to Geo.D. Coaney of
Detroit.
HOOPESTON SCHOOL DISTRICT (P. 0. Hoopeston), Vermilion
-Bonds Defeated.
-Local papers state that the question of
County, III.
issuing $10,000 site bonds and $60,000 building bonds was defeated at an
election held recently.
HOPKINS COUNTY COMMON SCHOOL DISTRICT NO. 11, Texas.
-On Feb. 6 $700 5% 10-20-year (opt.) bonds were regisBands Registered.
tered by the State Comptroller.
-Bond Offerng.-Proposals will
HUBBARD, Trumbull County, Ohio.
be received until 12 m. Feb. 19 by E. C. Hammond, Village Clerk, for the
following 5% coup. bonds:
Due
$3,000 Sanitary sewer (village portion) bonds. Denom. $300.
$300 yrly. on April 1 from 1913 to 1922 incl.
each
23,000 Sanitary sewer assess. bonds. Denom. $1,150. Due $1,150
each six months from April 1 1913 to Oct. 1 1922.
Hubbard Banking Co. Cert.
Date July 1 1911. Int. A. & 0. at the Treasurer, required. Bids to
check for 5% of bonds bid for, payable to and paid for within ten days
unconditional. Bonds to be delivered
be
from time of award. Purch. to pay accrued interest.
-On Feb.
Sale.
County, Mich.
r• HUDSON. Lenawee bonds (V. 94, -Bond were awarded to 9 the $20,000
C. B. Stowell
p. 367)
4% coup. street-impt.
100.30 and int. A bid of $19,352 was also received from
of Hudson at
Bolger, Mosser & Willaman of Chicago.
-An
-Bond Election.
IDAHO FALLS, Bonnerville County, Idaho.
ordinance was passed Feb. 2 over the Mayor's veto providing that an
election be held March 12 to determine whether or not this city shall issue
$35,000 6% 20-year coupon bonds for the construction and maintenance
of a water-works and electric-light plant. A previous ordinance fixing the
date of the election as Feb. 20 was also vetoed by the mayor.
-A resolution
-Bonds Authorized.
IOWA CITY. Johnson County. Iowa.
was passed on Feb. 2, it is reported, providing for the issuance of $15,431 30
8% street-paving bon(ls. Denom. not less than $100 nor more than $500.
Interest annually at the City Treasurer's office. Due $2,931 30 April 1
1913 and $2,500 yearly April 1 from 1914 to 1918, inclusive.
-On Feb. 14 the $50,000
-Bond Sale.
ITHACA,Tompkins County, N. Y.
4% 15 35-yr. coup. or reg. water bonds (V. 94, p. 368) were awarded to
local investors at a small premium.
JACKSON SCHOOL DISTRICT (P.0.Jackson), Amador County, Cal.
-The question of issuing $25,000 high-school-building bonds
Bond Election.
will be submitted to a vote, It is stated, on March 18.
-On Feb. 12 the
KANSAS CITY, Jackson County, Mo.-Certificate Sale.
$20,234 10 8% ten-installment park fund certificates (V. 94, p. 368) were
awarded to the Fidelity Trust Co. of Kansas City, Mo., for $20,335 27
(100.50) and int. A bid of par and int, was also received from the Travelers
Insurance Co. of Hartford, Conn.
-On Jan. 31 the two issues
-Bond Sale.
KENNEDY HEIGHTS, Ohio.
(V. 94, p. 226) were awarded as
of 5% 1-10 yr. (ser.) coup. assess. bonds
stated:
follows, it is
$21,883 00 Sewer Dist. No. 1 bonds to Mayer, Walter & Co. of Cincinnati
for $22,672.64, making the price 103.608-a basis of about
4.26%.
8,854 50 Sewer Dist. No. 2 bonds to the First National Bank of Norwood for $9,170.49, making the price 103.568-a basis of about
4.27%.
-On
-Bond Sale.
KING COUNTY SCHOOL DISTRICT NO. 83, Wash.
Feb. 10 the $4,000 coup. bldg. bonds (V. 94, p. 368) were awarded to the
of Wash, at its bid of par for 534% 1-10-year (opt.) bonds. Other
State
bids follow:
W. D. Perkins & Co., Seattle __$4,005 for' 534% 5-10-year (opt.) bonds
Fidelity Trust Co., Kan. City__ 4,010 for 534% 5-10-year (opt.) bonds
4,000 and int. for 6% straight 10-yr. bonds
Seattle Trust Co., Seattle
Wash. Tr. & Say. Bk., Seattle_ 4,007 for Os
-The question of
KIRKSVILLE, Adair County, Mo.-Bonds Defeated.
issuing $99,000 water and light bonds was defeated at the election held
Feb. 6 (V. 94, p. 368.)
KITTITAS RECLAMATION DISTRICT (P. 0. Ellensburg), Wash.
-It is expected that the $5,000,000 6%
Bonds to Be Issued About July 1.
bonds voted Dec. 16 1911 (V. 93, p. 1805) will be brought out
impt.
about July 1.
• KUNKLE SPECIAL SCHOOL DISTRICT (P. 0. Kunkle). Williams
-Proposals will be received until 5 p. m.
County, Ohlo.-Bond Offering.
$5,000
to-clay (Feb. 17) by J. B. Bradhurst, Clerk Bd. of Ed., for Kunkle 434%
Int. semi-ann, at the
State
coup. bldg. bonds. Denom. $500. yearly from .1 to 10 years,
inclusive.
Banking Co. In Kunkle. Due $500
Certified check for $50 required. These bonds were previously offered on
Sept. 30 1911 without success (V. 93, p. 972).
0. Lake Benton),
LAKE BENTON SCHOOL DISTRICT NO. 1 (P. bonds were sold at
-On Jan. 26 $4,000 4% refunding
-Bond Sale.
Minn.
$200. Int. ann. in July. Due in 15 Installments
par. Denom. $300 and
after 5 yrs. from date of issue.
-On Feb. 6 the
-Bond Sale.
LAKE CHARLES, Calcasieu Parish, La.
$100,000 5% gold coup. tax-free paving bonds (V. 94, p. 296) were awarded
Calcasieu Trust & Say. Bank of Lake Charles at par and Int. Other
to the
bids were received at par from Ulen & Co., Farson, Son & Co. S. A. Kean
'
& Co. and Bolger, Messer & Willaman of Chicago, Alabama Bond Co. of
Birmingham, Seasongood & Mayer of Cincinnati, Hoehler & Cummings of
Toledo and the Inter-State Trust & Savings Bank of New Orleans.
-On
-Bond Sale.
LAKE COUNTY SCHOOL DISTRICT NO. 7, Ore.
Jan. 2 $15,000 534% bldg. bonds were awarded, $5,000 to the Bank of
and $10,000 to Robert McKee for $15,160, making the price
Lakeview
101.066. Denom. $1,000. Date Jan. 2 1912. Int. J. & J. Due Jan. 2
1932, opt. in 1912.
-Re-Bonds to be Offered Shortly.
LAWRENCE, Essex County. Mass.
ports state that this city will offer for sale shortly an issue of ;500,000 4%
bonds. Due $50,000 yrly. from 1913 to 1922 Incl.
-Bond Offering.
-Proposals
LEWIS COUNTY (P. 0. Chehalis), Wash.
will be received until 2 p. m. Feb. 26. It is stated, by the County Auditor
for $300,000 5-20-year or 10-20-year (opt.) funding bonds at not exceeding
434 70 interest. Certified check for $10,000 required. These bonds were
previously offered without success on Jan. 18 (V. 94, p. 296).
-Bonds Voted.
-According to reports
LEWISTON, Cache County, Utah.
a proposition to issue bonds for a new water works was favorably voted
on at an election held recently.
-DescripLEWISTOWN SCHOOL DISTRICT (P. 0. Lewistown), Pa.
-The $6,500 4% building bonds awarded to the Citizens'
tion of Bonds.
National Bank at 100.50 (V. 94, p. 429) are in the denom. of $500 each
and dated June 1 1911. Int. J. & D. Due in 1941, opt, at any time.
These securities are part of an issue of $20,500, the balance of which had
been sold.
-Bonds Defeated.
LIMESTONE COUNTY (P. 0. Groesbeck), Tex,
We are now advised that the proposition to issue $150,000 Maxie Justice
road bonds was defeated. It was previously reported that these
Precinct
bonds had been authorized at an election held Sept. 25 1911. (V. 93,
p. 972.)
-No action has yet been taken looking towards the
ION° Action Yet Taken.
Issuance of the road bonds of Precinct No. 4, voted Dec. 16 1911 (V. 93,
. 1739.)
505 .
LODI UNIONMIGHISCHOOLIDISTRICT, San Joaquin County, Cal.
Bond Sale.
-On Feb. 6 the $150,000 6% 13 3.-yr. (ay.) gold school bonds
(V. 94. p. 368) were awarded to E. H. Rollins & Sons of San Francisco
at 110.238-a basis of about 4.90%. Date Feb. 1 1912. The bids follow:
$163,285
E. H. Rollins & Sons,San F.$165,357 Stockton Say. Bank
N. W. Halsey & Co., San F. 164,460 W.R.Staats & Co., Los An. 162,781
G. Biymyer & Co., San F 158,288
J. H. Adams & Co.. Los An. 163,3111G.
5
• LONDONSVILLAGE SCHOOL DISTRICT tP.0:). Lonclonr."7=on
-Proposals will be received until 12 m.
-Bond Offering.
County, Ohio.
March 1 by A. G. Strain, Clerk, for $20,000 435% coup, school heatingplant bonds. Auth. Sec. 7,625, 7,626 and 7.627 Gen. Code. Denom.
$500. Date "day of sale." Int. M. & S. at the Corporation Treasurer's
office. Due $500 each six months from March 1 1913 to Sept. 1 1931 !nein.
and $1,000 March 1 1932. Cert, check for 5% of bonds bid for, required
Purchaser to pay accrued interest. Bids to be made on blanks furnished
• • •,
by the district.
LOR A I N. Lorain County. Ohio.-Bands'Authorieed.-Local paperestate
that the City Council passed resolutions on Feb. 5 providing for the Issuance
of $54,808 78 434% refunding sewer and paving assessment bonds.
-During the past week negotiations
-Bond Sale.
LOS ANGELES, Cal.
were completed with Speyer & Co. of New York for the purchase of $9,390,4
,
000 4 3 % bonds. This amount includes the $3,000,000 harbor-impt. and
$3,500,000 elec.-plant bonds which it was intended to offer at public sale
on Feb. 20 (since withdrawn), V. 94, p. 226; also $2,890,000 of the Owens
River water-supply bonds. The latter amount represents the last installment of the total issue of $23,000,000. As previously stated, an option to
purchase the entire issue of water bonds at rising prices was granted In 1908
to Kountze Bros. of New York. This firm exercised its option on all but
$4,210,000 bonds, of which $1,326,000 were purchased by the sinking fund
of the city of Los Angeles and the remainder ($2,890,000) has now been
contracted for by Speyer & Co., as noted above.
-Further details
LOUISVILLE, Jefferson County, Ky.-Bond Offering.
are at hand relative to the offering on March 14 of the $500.000 434% gold
coupon hospital bonds (V. 94, p. 429). Proposals for these bonds will be
received until 12 m. on that day by the Commissioners of Hospital, J. H.
Leathers, Chairman. Authority, vote of 15,942 to 4,050 at the election
held Nov. 8 1910. Denom. $1,000. Date March 1 1911. Int. M. & S.
at the First National Bank in New York, Due March 1 1951. Certified
check on a national or State bank in Louisville for 2% of bonds bid for
payable to the Commissioners of Hospital, required. Proposals must be
made on blanks furnished by the Comm'rs of Hospital. Purchaser to pay
accrued interest.g .
-Bond Offering.-Further details are at
LOWELL. Kent County, Mich.
hand relative to the offering on Feb. 19 of the $13,000 4 3.6% paving bonds
(V. 94, p. 429). Proposals for these bonds will be received until 5 p. m.
on that day by H. J. Taylor, Village Clerk. Auth. vote of 246 to 22 at
election held Jan. 22. Denom. $1,000. Date March 1 1912, Int. M. & S.
at the First National Bank, Detroit. Due $1,000 yearly on March 1 from
1932 to 1944 Inclusive, all or any bonds subject to call on any Interest-paying
date after 10 years. Certified check for $200 required. Official circular
states that principal and interest of all issues of bonds has always been
promptly paid; also that no issue of bonds has ever been contested and
there is no contest or dissatisfaction over this issue.
• LYFORD INDEPENDENT SCHOOL DISTRICT (P.O. Lyford). Cameron
-The State Permanent School Fund was
-Bond Sale.
County, Texas.
awarded at par and int. the $5,000 5% 20-40-yr. (opt.) bds. (V. 93, p. 183).
-The election
LYME TOWNSHIP, Huron County, Ohlo.-Bonds Voted.
held Feb. 6 resulted, it is stated, in favor of the proposition to issue the
$25,000 road bonds (V. 94. p. 368),,L,Th • -3te was 84 to 15.
-The
.• LYNDEN. Whatcomil County, Wash.-Descriptton Lof Bonds.
$2,000 6% water-impt. bonds awarded on Nov. 17 1911 to the State of
Washington at par (V. 94, p. 368) are in the denom. of $500 each and dated
Dec. 1 1911.,1_Int. ann:Due 20 yrs., subject to call, however, before that
date. 11:15 ."41
-Bonds Defeated.
-An election
McCONNELL. Stephenson County, III.
held recently resulted, It is stated, In the defeat of the question of issuing
$3,300 bonds.
• M ACEDONIA% V I LLAGE TSCHOOL DISTRICT77(P.)0."Macedonia)
-On Feb. 10 the $5,0005% 5;4 yr.
-Bond Sale.
Summit County, Ohio.
(ay.) coup. impt. bonds (V. 94, p. 388) were awarded to the First Nat
Bank of Cleveland at 104.075 and int.-a basis of about 4.17%. Other
bids follow:
First Nat. Bk, Garrettsv__$5,201 00 Seasongood &Mayer, C1n_$5,151 00
5,195 00 Stacy & Braun, Toledo__ 5,133 00
Otis & Hough, Cleve
5 125 5
0
Rogers & Son, Chag. Falls_ 5,187 00 Tillotson & Wolcott Co.C1_ 5:100 5 0
Barnesv
merset
Somerset
5,183 50 5FfirsSt.
Bart°. Scott & Co., Col_
Nat. Bk.,
ille 5,081 00
Secur. Say. Bk. & Tr. Co.,
5,176 50
Toledo
McINTOSH COUNTY (P. 0. Eufaula), Okla.-Descrtptton of Bonds.
funding bonds awarded to W. A. Brooks of Okla. City
The $14,470 6%
at par were purchased ,we are advised, about Nov. 1 1911 (V. 94, p. 388).
Denom. (14) $1,000 and (1) $470. Date Dec. 1 1911. Int. J. & D.
Due Dec. 1 1936.
• McLENNAN COUNTY COMMON SCHOOL DISTRICT NO. 63. Texas.-Of the $8,000 5% bonds (V. 93, P. 1415) $2,000
Bonds Awarded in Part.
were awarded to the State Permanent School Fund at par and interest. •
-The city has purchased at par for its sinking
MACON. Ga.-Bond Sale.
fund $35,000 of the $900,000 434% water-works-purchase and impt. bonds.
As stated in V.93, p. 684, $700,000 of these bonds were sold on Sept. 4 1911
to A. B. Leach & Co. of New York.
-Bond Offering.
MADISON COUNTY (P. 0. London), Ohio.
-Proposals
will be received until 12 m. Feb. 27,for the following 5% coup. ditch-Impt.
tionds, aggregating $35,340.
$1,200 M. C. Fitzgerald bonds. Denom. $120. Due $120 each six months
from March 1 1913 to Sept. 1 1917 inclusive.
5,700 Shockley joint bonds. Denom. $570. Due $570 each sixi,months
from March 1 1913 to Sept. 1 1917 inclusive.
9,000 Opossum Run bonds. Denom. $900. Due $900 each six months
from March 1 1913 to Sept. 1 1917 inclusive.
8,000 Galbreath bonds. Denom. $300. Due $300 each six months from
March 1 1913 to Sept. 1 1922 inclusive.
4,800 Hedrick bonds. Denom. $480. Due $480 each six months from
March 1 1913 to Sept. 1 1917 Inclusive.
2,000 Murphy bonds. Denom. $200. Due $200 each six months from
March 1 1913 to Sept. 1 1917 inclusive.
1,600 Spring bonds. Denom. $160. Due $160 each six months from
March 1 1913 to Sept. 1 1917 inclusive.
600 Hott bonds. Denom.$60. Due $60 each six months from March 1
1913 to Sept. 1 1917 inclusive.
3,500 S. J. Wilson bonds. Denom. $350. Due $350 each six months
from March 1 1913 to Sept. 1 1917 inclusive.
940 Jones No. 2 bonds. Denom. $94. Due $94 each six months from
March 1 1913 to Sept. 1 1917 inclusive.
Authority Sec. 6489, 6492 and 6493. General Code. Date March 1 1912.
Int. M. & S. at the County Treasurer's office. A cash deposit of 11.000
is required with bl..
-Temporary Loan.-ArloanTof
• MARLBORO. Middlesex tounty, Mass.
$40,000, due $20,000 Nov. 1 and $20,000 Nov. 15, has been negotiated
.
with Estabrook & Co. of Boston at 2.81% and 35 cents premium.
MATAGORDA COUNTY (P. 0. Bay City), Taxas.-flond Sale.
have been made, according to reports, with the New First
Arrangements
National Bank of Columbus. Ohio, for the sale of the Markham, Blessing
and Dunbar Drainage Districts bonds, aggregating $264,000411
-Bond Sale.
-On Feb. 6 $22,000
MEDFORD, Jackson County. Ore.
6% 1-10-year (opt.) sewer-construction bonds were awarded to the Jacobson-Bode Co. of Portland at par and int. Denom. $500. Date Feb. 1
• •
au. Interest F. & A.
-Bond Election.
-An election will beheld
MEIGS. Thomas County, Oa.
is stated, to vote on the question of issuing $15,000 water-works
Feb. 27. It
-plant bonds.
and $5,000 electric-light
MERIDIAN, Lauderdale County'Miss.-Bond Election.
-Local papers
state that an election will be held Feb. 27 to vote on the issuance of 150,000
5% 30-year bonds for the purpose of buying the rights-of-way and terminal
facilities for the Meridian & Memphis RR.,to run from this city to Union. in
Newton County.
-The County
in MIAMI COUNTY (P. 0. Troy), Ohio.-73onds Authorized.
Commissioners have authorized tne issuance of $200,000 road bonds, it Is
stated.
506
THE CHRONICLE
[VoL. Lxxxxiv.
MO LINE, Rock Island County. III.
-Bond Offering.
---Further details
QUINCY, Norfolk County, Mass.
-Temporary Loan.
-The loan of
are at hand relative to the offering on Feb. 22 of the $100,000 5% coupon I $175,000, due Feb. 14 1913 (V. 94, p. 430) was
negotiated on Feb. 12, it is
city-hall-building bonds (V. 94, p. 430). Proposals for these bonds will be I reported, with Estabrook & Co. of Boston at 3.45%
and $1 25 premium.
received until 12 m. on that day by C. V. Johnson, Comm'r of Accounts
REMSEN INDEPENDENT SCHOOL DISTRICT (P. 0. Remsen),
and Finances. Denom. $1,000. Interest annually in Moline. Due $5,000
-Bond Sale.
-On Jan. 30 the $25,000 5% 5-10yearly on Sept. 1. Certified check for $5,000, payable to Commissioner Plymouth County, Iowa.
year (opt.) coupon or registered building bonds dated Nov. 1 1911 (V. 94,
of Accounts and Finances, required.
p. 228), were awarded to M. R. Faber of Remsen.
MONTGOMERY COUNTY (P. 0. Rockville), Md.-Bond Election Pro-Note Offering.-Proposals will be received until
ROCHESTER, N. Y.
posed.
-Reports state that the Commissioners have been petitioned to call
Feb. 20 by E. S. Osborne, City Comptroller, for *100,000 wateran election to submit to the voters of Bethseda and Potomac Districts a 2 p. m.
works-impt. notes due 8 months from Feb. 24 1912. Denom, of notes and
proposition to issue *50.000 boulevard construction bonds.
rate of interest desired to be named in bids. Principal and interest will be
MONTGOMERY COUNTY (P. 0. Danville), Mo.-Bond Election.
-The payable at the Union Trust Co. In N. V.
County Court ordered an election, it is stated, for April 16 to submit to the
Bonds Awarded in Part.
-On Feb. 15 $230,000 of the $740,000 4% 10-30voters a proposition to issue $25,000 bonds to build a court-house at Dan- yr. (opt.) coup. or reg. water-works-impt. bonds (V. 94, p. 430) were
ville.
awarded, $100,000 at 100.101 to G. B. Bassett, $100,000 to the Security
MORGAN CITY, St. Mary Parish, La.
-Band Offering -Proposals will Trust Co. at par and $30,000 to the Rochester Trust & Safe Deposit Co. at
be received until 11 a. m. March 1 (date changed from Feb. 17) by M. D. par.
Shannon, Mayor and Council, for the $80,000 5% water works and sewerROCKWOOD. Roane County, Tenn.
-Bond Offering.
-Proposals will be
age-system bonds voted Nov. 8 1911 (V. 93, p. 1415.) Denom. $500. received until 10 a. m. March 16 by J. E. Fox, Chairman Bond Committee,
Int. annual. Cert. check for $1,000, payable to Treasurer, required. for the $15,000 5% bldg. and equipment bonds voted Oct. 28 1911 (V. 93.
p. 1278.) Authority Chap. 559, Acts of 1911. Denom. $1,000. Date
Bonds to be delivered and paid for within 10 days after time of award.
March 1 1912. Int. M. & S. at the First Nat. Bank of Rockwood. Due
MOUNTAIN GROVE, Wright County, Mo.-Bond Sale.
-On Feb. 12
the $20,000 5% 5
-20-year (opt.) coup. water-works-constr. bonds (V. 94, 20 years. Purchaser to furnish blank bonds. Bonded debt, including this
p. 227) were awarded to the Hanchett Bond Co. of Chic. at 100.285 and issue $41,000. Floating debt $2,477. Official circular states that there is
no controversy or litigation pending or threatened affecting the corporate
Int. Other bids were received from W. J. Piumer; Wm. R. Compton IL & existence,
the boundaries of said municipality, the title of its present
M. Co. and Whitaker & Co. of St. Louis and Farson, Son & Co., H. C.
Speer & Sons Co., Cutter, May & Co., C. H. Coffin and Bolger, Mosser & officials to their respective offices, or the validity of these bonds.
ST. ANTHONY SCHOOL DISTRICT (P. 0. St. Anthony), Marshall
Willaman of Chicago.
County, Iowa.-Bond Election.
--An election will be held Feb. 21 to vote
NATCHITOCHES, Natchitoches Parish, La.
-Bonds Voted.
-A favorable vote was cast on Feb. 8, it is stated, on a proposition to issue $50,000 on the question of Issuing 510.000 school-house bonds, it is stated.
ST. LOUIS COUNTY SCHOOL DISTRICT NO. 35 (P. 0. Buhl), Minn.
5% normal-school bonds to be dated Mar. 1 1912.
Bond Sale.
-On Feb. 5 the First National Bank of Chicago was awarded
-Bonds Authorized.
NEWARK, Licking County, Ohio.
-An ordinance
was passed Feb. 5 providing for the issuance of $7,400 5% coupon Sixth St. $100,000 5% bonds at 100.30. Date Aug. 1 1911. Due $10,000 Aug. 1
and 1915 and $20,000 yearly from 1916 to 1919 incl.
widening bonds. Denorn.: (7) $1,000 and (1) $400. Date Feb. 1 1912. 1914
z
flColu
iortie
gt Cor ny,0higids The other blgrecved
o4 i A sewadposworkseonstruon ands
Int. semi-ann, at theloffice of thelSinking Fund Trustees. Due $1,000
yearly on Feb. 1 from 1914 to 1920 incl. and $400 on Feb. 1 1921,
awarded to Breed & Harrison of Cincinnati at 104.78 and int.(V. 94, p. 369)
NEWAYGO COUNTY (P.O. Newaygo);Mich.-BondElection.-Reports were as follows:
state that at the spring township election a proposition to issue $10,000 for Hoehler & Cummings, Tol_ _ _$57,623 I Davies, Bertram Co., Cin__ _$57,450
building a jail and sheriff's residence will be submitted to a vote.
Prov. Say. Bk.& Tr. Co.,Cin_ 57,6011Seasongood & Mayer,
57,355.
NEW DECATUR. Morgan County, Ala.
-Bonds Authorized.
-Reports C. E. Denison & Co., Cley___ 57,547 Hayden, Miller & Co., Clev__ 57,270
56,980
state that the City Council passed an ordinance providing for the issuance New First Nat. Bank, Col___ 57,509 Otis & Hough, Clev
Well, Roth & Co., Cin
57,491 Terry, Briggs & Slayton, Tol. 56,864
of $10,900 Johnson Street paving bonds.
Manzi. Say. Bk., Mansfield__ 56,177
NEW LONDON, New London County, Conn.
-Band Sale.
-Reports state
SALINE COUNTY (P. 0. Salina), Kan.
-Bond Election.
-Reports state
that an issue of $50,000 4 % bonds, issued in aid of the Connecticut
that the County Commissioners ordered elections to be held in Glendale and
College for Women, was awarded to Curtis do Sanger of Boston at 103.07.
Ohio townships on March 12 to vote on bonds to aid the Salina Tipton &
NEWPORT BEACH SCHOOL DISTRICT (P.O. Newport Beach), Orange Northern RR.
-Reports state that an election has
-Bond Election Proposed.
County, Cal.
SAN
-Bond Election Proposed.
been called to vote on the question of issuing $27,000 5% building and There is ANGELO, Tom Green County, Tex.
talk of calling an election to vote on the question of issuing $40,000
site-purchase bonds. Denomination $1,000.
paving bonds.
-Bond Election.
-An election will be
NEWTON. Harvey County, Kan.
SAN
-The price paid for the
held Aprll 2 to vote on the question of issuing $40,000 auditorium bonds three FRANCISCO. Cal.-Prtce Paid for Bonds.
Issues of 5% bonds, aggregating $1,170,000, awarded on Feb. 5 to
(V. 94, p. 430).
Watson & Pressprich and Adams & Co. of N. Y. (V. 94, p. 430) was $1,-Bonds Purchased by the State During January.
NORTH DAKOTA.
- 240,715, or 106.044. Other bids, according to local papers, were as folDuring the month of January the following 4% school bonds, aggregating lows:
$9,000, were purchased by the State at par.
N. W. Halsey & Co., San Francisco
$1,239,147
Place Issuing Bonds.
Amount.
Date.
Due.
Harris Tr. & Say. Bk. and Cont. & Comm. Tr. do S. Ilk., Chic_ _ 1,226,020
Boyd S. D. No. 22, Mountrall Co_ $1,000
Oct. 10 1911
Oct. 10 1931 J. H. Adams do Co., Los Angeles, and Kountze Bros., New York- 1,224,873
Sand Creek S. D. No. 22, Billings
E. H. Rollins & Sons, San Francisco
1,223,001
County
3,000
Nov. 1 1911
Nov. 1 1931. First National Bank, San Jose (for $250,000)
257,175
Scranton S. D. No. 13, Bowman
Feb. 5 the $377,SAN JOSE, Santa Clara County, Cal.
-On
-Bond Sale.
5,000
Co
Jan. 2 1912
Jan. 2 1932 000 4V % 1-40-year (ser.) Improvement
3
bonds-six issues (V. 94, p. 228)
NORTH TARRYTOWN, Westchester County, N. V.
-Bond Offering.
- were awarded to the Garden City Bank & Trust Co. for $378,257, making
Proposals will be received. ills stated, until 8 p. m. Feb. 27 by E. A. Mar- the price 100.333. Bids were also received from E. H. Rollins do Sons
tin, Village Clerk, for $72,000 21 p4-year (aver.) street-impt. bonds at not ($378,150) and N. W. Halsey & Co. of San Francisco ($377,171). Denom.
exceeding 5% int. Cert. check for $1,000 Is required. These bonds are 360 at $1,000 and 40 at $425. Date Feb. 1 1912. Int. F. & A.
part of an issue of $144,000 voted May 25 1911 (V. 92, p. 1586); $72,000 of
SANTA ANA GRAMMAR SCHOOL DISTRICT (P. 0. Santa Ana),
which were sold on June 19 1911 (V. 93, p. 122).
Orange County, Cal.
-Bond Sale.
-Reports state that the $25,000 5%
-Bond Sale.
NORWOOD. Hamilton County, Ohio.
-On Jan. 31 seven 13-year (average) building bonds offered on Feb. 7 (V. 94, p. 297) were
issues of 435% 1-10
-year bonds, aggregating $46,501 86, were awarded as awarded to N. W. Halsey & Co. of San Francisco.
follows, it is stated:
SANTA ANA HIGH SCHOOL DISTRICT (P. 0. Santa Ana), Orange
$14,625 96 Williams Ave. bonds to the Provident Savings Bank & Trust Co.
-Band Sale.
County. Cal.
-On Feb. 7 the $200,000 5% polytechnic highof Cincinnati for $14,952 43, making the price 102,23.
bonds
5,979 15 Catherine Ave. bonds to the Provident Savings Bank & Trust school-buildingof Los (V. 94, p. 297) were awarded, it is stated, to J. H.
Adams &.Co.
Angeles at 102.46.
Co. of Cincinnati for $6,099 65, making the price 102.01.
-Bond Sales for January.
SEATTLE. Wash.
7,556 72 Elvin Ave. bonds to the Provident Savings Bank & Trust Co.
-During January the following special impt. assess, bonds, aggregating $104,047 35, were issued
of Cincinnati for $7,720 97, making the price 102.17.
8,445 35 Cavagna Ave. bonds to the Provident Savings Bank & Trust Co. by this city:
Amount.
Purposeof Cincinnati for $8,627 87, making the price 102.16.
Due.
Int. Rate. Date.
$7,245 30 Sidewalk
6,813 40 Shanmoor Ave. bonds to the Provident Savings Bank & Trust
7 Jan. 2 1912 Jan. 2 1917
8,03991 Sewers
Co. of Cincinnati for $6,963 00, making the price 102.19.
7 Jan. 2 1912 Jan. 2 1017.
2,450 83 Grade and curb
1,241 34 Laurel Ave. bonds to Seasongood & Mayer of Cincinnati, for
7 Jan, 3 1912 Jan. 3 1917
•
1 1,851 71 Grade and curb
51,256 34, making the price 101.20.
7 Jan. 5 1912 Jan. 5 1917
21,346 82 Curbs
1,839 94 Park Ave. bonds to Davies-Bertram Co. of Cincinnati for
7 Jan. 15 1012 Jan. 15 1917
100,145 74 Paving
6 Jan. 16 1912 Jan. 16 1917
$1,871 44, making the price 101.71.
4,831 02 Sidewalk
7 Jan. 25 1912 Jan. 25 1917
-Bond Election ProOKANOGAN COUNTY (P. 0. Conconully), Wash.
8,136 22 Grade and curb
• 0 Jan. 30 1912 Jan. 30 1922
-Reports state that petitions are being circulated asking the County
posed.
Commissioners to hold an election to vote on questions of issuing $225,000 • The above bonds are all subject to call after one year.
SEBRING. Mahoning County, Ohlo.-Bonds Authorized.
refunding and $75,000 road bonds.
-Ordinances
-Bonds Voted.
-The election held Feb. 12 have been passed, ills stated, providing for the issuance of $7,000 funding
OKLAHOMA CITY, Okla.
and $2,000 refunding bonds.
resulted in favor of the proposition to issue the $250,000 park and 3100,000
SELMA, Dallas County, Ala.
water-system-impt. bonds (V. 94, p. 430). The vote was 6,949 to 1,007
-Bond Election.
-An election will be held
March 25 to vote on the question of issuing $35,000 school bonds, it is stated.
and 6,892 to 1,063, respectively.
SHACKLEFORD COUNTY COMMON SCHOOL DISTRICT NO. 15, Tex.
OROVILLE SCHOOL DISTRICT (P.O. Oroville), Butte County, Cal.
-We are advised that $400 5% 15-year bonds have been pur-Reports state that an election will be held in -Bond Sale.
Bond Election Proposed.
chased with funds of Shackleford County.
the near future to vote on a proposition to issue $40,000 building bonds.
-On Feb. 6 the
-Bond Sale.
-Bonds Registered.
SHELBY, Cleveland County, No. Car.
-The State CompPADUCAH.Cottle County, Texas.
515,0005% 15
-year electric-light-plant-purchase bonds (V.94, p. 297) were •
troller registered on Feb. 6 $10,000 5% 10-20-year (opt.) bonds.
-Bonds Not Sold.
-No award has yet awarded to John Nuveen & Co. of Chicago at par, less $174 for preparation
PARIS, Lamar County, Texas.
been made of the remaining $15,000 of the $35,000 10-50-year (opt.) water- of bonds. Other bids follow:
works bonds, $20,000 of which were sold on Oct. 16 1911, as stated in Seasongood & Mayer, Cinc_ _$14,800 O'Connor & Kahler, N. Y__ _$14,650
Davies-Bertram Co.,Cinc__ __ 14,700 H. C. Speer & Sons Co., Chic_ 14,500
V. 93, p. 1215.
Farson. Son & Co., Chicago__ 14,700 S. A. Kean & Co., Chicago... _ 14,350
PARKERSBURG, Wood County, W. Va.-Bonds Proposed.
-This place Well, Roth & Co., Chicago__ 14.700 New First Nat. Bank, Col___• 13,950
$100,000 4% coup. water-works bonds. Denom. $100,
intends to issue
Denom. $1,000. Date Feb. 15 1912. Int. F. & A.
$500 and $1,000. Date June 11012. Int. payable in Parkersburg. Due
-Bond
SILVERTON SCHOOL DISTRICT NO. 1, San Juan County, Colo.
20 years. Date of sale not yet determined.
Sale.
-Cutter, May do Co. of Chicago have been awarded for $60,637
-Bonds Voted.
PASADENA, Los Angeles County, Cal.
-The election (101.061) the $60,000 5% 10-20-year (opt.) bldg. bonds dated June 1 1911
Feb. 7 (V. 94, p. 81) resulted in a vote of 2,404 "for" to 688 "against" and offered on May 29 1911 (V. 92, p. 1455).
held
the proposition to issue $60,000 4
garbage-incinerator and site bonds.
SLEEPY HOLE SCHOOL DISTRICT (P. 0. Cartwright's Wharf),
-Bonds to Be Offered Shortly.
PAYETTE, Canyon County. Idaho.
-This Nansemond County Va.-Description of Bonds.
-The $16,000 5% school
city will offer for sale $21,000 bonds about March or April.
bonds awarded on bee. 20 1911 tO the Merchants' & Farmers' Bank of
PLAINFIELD, Waushara County, Wis.-Bond Offering.
-Proposals Portsmouth at par (V. 94, p. 297) are in the denom. of $500 each and dated
will be received until 10 a. m. Feb. 26 by H. C. Hart, Village Clerk, for the Jan. 1 1912. Interest annual. Due Jan. 1 1932, with option to redeem
$2,900 coupon refunding bonds voted Jan. 24 (V. 94, p.369). Authority one bond each year.
Chapter 351, Laws of 1889. Denom. (2) $50, (27) $100. Date Feb. 26
-On
-Temporary Loan.
SOMERVILLE. Middlesex County, Mass.
1912. Interest (at not exceeding 5%) payable in Plainfield. Due $1,450 Feb. 13 Estabrook & Co. of Boston were awarded the loan of $300,000, due
in one and $1,450 In two years. Bonds are exempt from all taxes. No $100,000 Oct. 25 and $200,000 Nov. 4 (V. 94, p. 430) at 2.79% and $2
deposit required. Bonded debt, including this issue, $8,438 47. Assessed premium.
•
valuation 1911, $508,008.
SOUTH NEWBURGH SCHOOL DISTRICT (P. 0. Sta. F, Cleveland),
PLANTERSVILLE INDEPENDENT SCHOOL DISTRICT (P. 0. Ohio.
-Bond Offering.-Proposals will be received until 12 m. March 4 by
-Bond Sale.
-The State Permanent H. H. Bohning, Clerk, for $2,500 5% coup. bldg. bonds. Auth. Sec. 7627
Plantersville), Grimes County, Tex.
-20-year (opt.) bonds. and 7629, Gen. Code. Denom. $500. Date March 1 1912. Int. A. & 0.
School Fund was awarded at par and int. $2,000 5% 5
-Bond Elec- at Broadway Savings & Trust Co. Due $500 yearly on April 15 from 1913
PORT OF4SEATTLE (P. O. Seattle),King County, Wash.
tion.
-We are advised that there will be submitted to the voters on March 5 to 1917 incl. Bonds are tax-free. Cert. check for 10%, payable to Treas.,
required. District has no debt at present. Assess. val. 1911,52,151,605.
bond issues aggregating $8,100,000, for docks, ferries, &c.
-Kennedy & Fleming,
SPENCER INDEPENDENT SCHOOL DISTRICT (P. 0. Spencer), Clay
-Bond Sale.
PORUM, Muskogee County, Okla.
-Bond Election.
local contractors, were awarded in January an issue of 6% 25-year water- County. Iowa.
-An election will be held Feb. 29 to vote
works and electric-light bonds for $29,300. Denom. *1,000. Date Feb. 1 on a proposition to issue $65,000 high-school-bldg. bonds.
1912. Int. F. & A.
SPRINGFIELD, Green County, Mo.-Bond Offering.-Proposals will be
-Bond Sale.
-On Feb. 15 received until 12 m. March 5 by J. H. Langston, City Clerk, for the $100,000
POUGHKEEPSIE, Dutchess County. N. Y.
-20-year (opt.) sewer-construction bonds voted Nov. 16 1911 (V. 93,
C. H. Vernier & Co. of N. Y. were awarded at 103.393-a basis of about 5% 5
4.082-the $120,000 4% 10-yr. coup. school bonds (V. 94, p. 430). p. 1492). Denom. $1,000. Date March 11912. Int. M. dc S. Certified
There were thirty other bids received, the next highest being that of Wm.A. check for 2 M% of bid is required.
Read & Co. at 103.17. Bonds certified as to genuineness by the Knicker- Count IN HFIELDSCHOOL DISTRICT (P. 0. Springfield), Sangamon
1G
SPRINGFIELD
bocker Trust Co.. New York. Legality approved by Hawkins, Delafield
.
-Local papers report that a proposi-Band Election Proposed.
& Longfellow of N. Y. Denom. $1,000. Date Feb. 11912. Int. F. & A. tion to Issue high-school-building bonds will probably be submitted to the
In New York.
voters of this district.
on
i
FEB. 1 7 191 21
THE
CHRONICLE
SPUR INDEPENDENT SCHOOL DISTRICT (P. 0. Spur), Dickens
County, Texas.-BondSale.-An issue of $5,000 57 bonds was awarded
to the State Permanent School Fund at par and mt. These bonds were
registered by the State Comptroller on Feb. 5.
-On Feb. 7 the
-Bond Sale.
STATESVILLE. lredell County, No. Car.
$10,000 5% 20-year coup. graded school refunding bonds (V. 94, p. 297)
were awarded to J. H. Hillsman & Co. of Atlanta at 100.50 and int. Other
bids follow:
S. A. Kean & Co., Chicago_ ....$9,9051H. C. Speer & Sons Co., Chic_$9,875
Seasongood & Mayer, Cinc___ 9,9001Hanchett Bond Co., Chicago_ 9,780
STEVENS COUNTY DRAINAGE DISTRICT NO. 2 (P. 0. Colville),
Wash.
-Bond Sale.
-Reports state that $31,000 8% 5-year bonds were
sold recently to Foley ec Gleason, contractors.
-Proposals will be re-Bond Offering.
SULLIVAN COUNTY, Tenn.
ceived until 4 p. m. Mch. 11 (not /deli. 4, as reported in V. 94, p. 431), by
the Pike Road Commissioners, W. D. Lyon, Chairman (P. 0. Bluff City),
for $100,000 43% road bonds of the $300,000 issue voted Jan. 1 1912
(V. 94, p. 82). Denom. $1,000. Date Feb. 1 1912. Int. F. & A. in New
York or Chicago, as desired by purchaser. Due $50,000 Feb. 1 1932 and
$50,000 Feb. 1 1942. Cert. check for 5% of bid, payable to First Nat.
Bank, Bristol, required.
TEXAS CITY INDEPENDENT SCHOOL DISTRICT (P. 0. Texas
-Bond Sale.
-The $20,000 5% bonds
City), Galveston County, Texas.
registered on May 24 1911 (V. 92, p. 1588) have been awarded at par and
interest to the State Permanent School Fund.
-Vote.
TIFFIN SCHOOL DISTRICT (P.0. Tiffin), Seneca County, Ohio.
-The vote cast Feb. 6 on the proposition to Issue $40,000 bldg. bonds,
which carried, as stated in V. 94, p. 431, was 718 "for" to 258 "against."
-In addition to the $135,000 4% 10-yr.
-Bond Offering.
TOLEDO, Ohio.
coup, bridge bonds to be offered on March 6 (V. 94, p. 431), an issue of
$117,000 4% coup. street-impt. (city's portion) bonds will also be offered
.
on that day e D nom. $1,000. Date Feb. 1 1912. Int. F: ec A. at the
U. S. Mtge. & Trust Co., N. Y., Due $50,000 Feb. 1 1925 and $67,000
Feb. 1 1926. Cert. check on a national bank in Toledo for 5% of bonds,
payable to the Auditor, required. Bonds to be delivered at Toledo at the
expense of the bidder. Purchaser to pay accrued interest.
-An ordinance was passed on Feb. 5 providing for the
Bonds Authorized.
issuance of $7,420 41 5% coup. Parker Ave. No. 3 impt. assess, bonds.
Denom. (1) $670 and (9) $750. Date Jan. 15 1912. Int. semi-annually at
the Second Nat. Bank In Toledo. Due $670 Mch. 15 1913 and $750 each
6 months from Sept. 15 1913 to Sept. 15 1917 incl.
-Bond Sale.
-On Feb. 5 the
TRINIDAD, Las Animas County, Colo.
following bids were received for the $369,000 5% 10-20-year (opt.) refunding water bonds (V. 94, p. 153)•
Harris Trust & Say. Bank,}
E. H. Rollins & Sons, Chic_
100.67
Chicago
A. B. Leach & Co., Chic_ _ _ z101.20
International Trust Co_
N. W. Halsey & Co., Chic.-J
Spitzer, Rorick & Co., Tol__ 99.01
N. Y. Life Ins. Co., N. Y.
98.50
(for $100,000 bonds)
102.37 Causey, Foster & Co
German-American Trust Co.)
Otis & Hough and
98.50
Hayden, Miller $299,000 99.19 and James N. Wright &
& Co., Cleve__ _
*70,000 99.28
Co., Denver
S. A. Kean & Co., Chicago__ 97.50
Commerce Tr. Co., Kan. C_
R. M. Grant & Co., N. Y_...} 100.67
Weil, Roth & Co., Cinc___ _
x This bid was successful.
• Hayden, Miller & Co. and Otis ec Hough also offered 100.76 for straight
20-year bonds, without 10-year option.
507
-Bonds Voted.
TRINITY RIVER IRRIGATION DISTRICT, Texas.
By a vote of 90 to 13, the proposition to issue $25,000 reservoir-construction
bonds carried at an election held Feb. 7, according to reports.
-On Feb. 5 the
UNION COUNTY (P. 0. Elizabeth), N. J.
-Bond Sale.
$75,000 454% 30-yr. coup. or reg. hospital bonds (V. 94, p. 298) were
awarded to L. Von Hoffmann & Co. of N. Y. at 105.802-a basis of about
4.16%. Other bids follow:
104.79
Harris, Forbes & Co., N. Y_ _105.689 Bond & Goodwin, N Y
E. H. Rollins & Sons, N. Y _ _105.576 J. S. Rippel, Newark
104.694
R. M. Grant & Co., N. Y___ _105.388 Rhoades & Co., N. Y
104.668
John D. Everett & Co., N. Y.105.17 C. H. Venner ec Co., N. Y. _ _104.534
Kissel, Kinnicutt & Co.,
N. W. Halsey & Co., N. Y 103.513
N Y
104.97 Farson, Son & Co., N. Y_ _103.215
VAN NUYS SCHOOL DISTRICT. Los Angeles County, Cal.
-Bond Sale.
-On Feb. 5 the $50,000 5% building bonds (V. 94, p. 298) were awarded,
reports state, to J. H. Adams & Co. of Los Angeles.
VIENNA, Clark County, So. Dak. -Bond Offering.
-Further details
are at hand relative to the offering on March 1 of the $8,000 5% coup. taxfree funding bonds (V.94, p.431). Proposals will be received until 10 a. m.
on that day by C. A. Sasse, Town Clerk, Authority Chap. 7 Compiled
Laws of 1910. Denom. $100 to $1,000. Date March 1 1912. Int, annual
at the Treas. office. Due $2,000 in 5, 10, 15 and 20 years. Cert. check
for 5% of bid, payable to the Treas., is required. NO other debt. Assessed
val. $200,000.
VIRGINIA SCHOOL DISTRICT (P. 0. Virginia), Cass County, ill.
Bond Election.
-An election will be held to-day (Feb. 17), It is stated, to
vote on the question of issuing $20,000 high-school-building bonds.
WAGONER, Wagoner County. Okla.
-Price Paid for Bonds.
-We are
advised that the price paid for the following 5% 25-year bonds awarded to
the Okla. State Bank was par.
$40,000 water and light bonds. Denom. $1,000. Date Sept. 1 1911.
Interest M. & S.
29,000 funding bOnds. Denom. $1,000. Date Jan. 2 1912. Int. J. & J.
WASHINGTON COUNTY (P. 0. Bartlesville), Okla.
-Bond Election.
At the spring election, it is stated, the question of issuing $115,000 courthouse, jail and site bonds will be voted upon.
WASHINGTON COUNTY (P. 0. Vernon), Fla.
-Bonds Defeated.
-An
election held recently resulted in the defeat of a proposition to issue $350,000
road bonds.
WAYNE COUNTY (P. 0. Detroit), Mich.
-Bond Offering.
-Proposals
will be received until 11 a. m. Feb. 26 by the Board of County Auditors.
Chas. A. Buhrer, Secretary, for $500,000 4% coupon road bonds. Auth.
Act 283 of Public Acts of 1909. Denom. $1,000. Date March 1 1912.
Interest M. & S. at County Treasurer's office. Due $100,000 yearly on
March 1 from 1914 to 1918, incl. These bonds are tax-free. Cash or
certified check on a national bank for 3% of bonds bid for required.
WEST ALLIS, Milwaukee County, Wis.-Bond Sale.
-On Feb. 3 the
following bids were received for the $18,000 5% storm-sewer bonds (V. 94.
p. 298), it Is stated.
Harris Trust & Say. Bank_$18,987 00 Bolger, Mosser & Willaman
18,817 00
Ulen & Co
$18,720 00
18,812 00 S. A. Kean & Co
Well, Roth & Co
18,361 80
The above bidders, all of which are of Chicago, offered to furnish blank
bonds in addition to their bids.
NEW LOANS.
NEW LOANS.
Union Irridation District
$100,000
NOTICE OF SALE OF BONDS AND TO CONTRACTORS FOR BIDS FOR PRELIMINARY ENGINEERING. SURVEYING,ETC.,
FOR IRRIGATION SYSTEM.
NOTICE IS HEREBY GIVEN to all persons
that sealed bids will be received at the office of
the Board of Directors of the "UNION IRRIGATION DISTRICT," at the Town of Raymondville. Texas, until the hour of 2:30 o'clock
P M. of
. 7Tuesday, the Fifth Day of March, A.D. 1912,
for the Preliminary Engineering, Surveying, &c.,
loathe Irrigation System of the "Union Irrigation District." This work includes no actual
construction, but includes ALL WORK of surveying, engineering, making of estimates, specifications, &o., necessary to the commencement
of actual construction of the largest Irrigation
System thus far attempted in Texas.
Maps, plans, specifications and all necessary
data are now on file, and may be seen in the office
of the Board of Directors of the "Union Irrigation
District," at Raymondville, Texas, and any desired information may be had by applying to
V L. Conrad, District Engineer for said District.
Raymondville, Texas. •
All bids received will be opened at 2:30 o'clock
P. M. of Tuesday, March 5th, A. D. 1912, at and
In the office of the "Union Irrigation District"
The successful bidder for all of the above work
will be required immediately upon the acceptance
of his bid to buy from the Board of Directors of
the "Union Irrigation District," and pay for in
cash, the entire issue of irrigation District bonds
nowAissued, amounting in the aggregate to one
hundred thousand dollars ($100,000 00), voted
by said District on December 30th, 1911, at not
less than the par value thereof; and such successful
bidder will be required to furnish a certified check
In the amount of $5,000 00, payable to A. T.
Woodhouse, President of the Board of Directors
of the "Union Irrigation District," as a guarantee
that such successful bidder will faithfully perform
his obligations to said District."
The Board of Directors of the"Union Irrigation
District"(as required by law) reserve the right to
reject any and all bids.
• Witness the signature of A. T. Woodhouse,
President of the Board of Directors of the "Union
Irrigation District," and this notice duly attested
by Frank S. Miller, Secretary of said Board, this,
the 2nd day of January, A. D. 1912,
A. T. WOODHOUSE,
President of the Board of Directors
•
of the "Union Irrigation District."
Attest:
FRANK S. MILLER,
Secretary of the Board of Directors of
w the "Union]Irrigation District."
F. WM. KRAFT
LAWYER
Specializing in Examination of
Municipal and Corporation Bonds
um FIRST NATIONAL BANK BLD0.1
CHICAGOs ILL.
CITY OF DALLAS, TEXAS
432% GOLD CITY HOSPITAL BUILDING BONDS
To be sold Monday. February 26th. 1912.
The bonds are issued by the City of Dallas,
Dallas County, Texas, under authority of the City
Charter and General Laws of Texas, and by
special authority of a vote of the people at a
General Election held April 5, 1910.
Bonds are dated January 1, 1912, and are in
denominations of $1,000 00 each, with coupons
attached, and mature serially beginning January 1, 1913-$2,000 00 and $3,000 00 each alternate year until 1952-average time 20% years,
both principal and semi-annual interest payable in
gold coin at the Chase National Bank in the City
of New York.
The bonds are engraved under the supervision
of, and certified as to their genuineness by, The
United States Mortgage & Trust Company of
New York, and their legality has been approved
by the Attorney-General of the State of Texas,
and by Messrs. Dillon, Thomson & Clay, of New
York, whose original written opinion as to legality
will be furnished to the purchaser of the bonds.
Direct tax levies have been made sufficient in
amount to provide interest and the required
sinking fund to retire the bonds as they mature.
The City of Dallas has been incorporated by
Special Charter for a period of more than thirty
years, and at no time In its history has there been
any default in the payment of any interest or
principal on its bonded debt or otherwise.
Sealed bids will be received for the above
described bonds until 12 o'clock noon, Monday.
February 26th. A certified check, payable to
the undersigned, for 2% of the face value of the
bonds bid for, must accompany each bid. Money
to be paid and bonds to be delivered at Dallas.
The City of Dallas reserves the right to reject
any or all bids.
$1,600,000
$250,000
TAR RANT COUNTY, TEXAS
CITY OF ST. PAUL, MINNESOTA,
W. T. HENDERSON.
Commissioner of Finance and Revenue.
Dallas, Texas
ROAD AND BRIDGE BONDS
Sealed bids will be received by the undersigned up to 11 a. m. MARCH 11TH, 1912, for
the purchase of $1,600,000 road and bridge bonds,
issued by Tarrant County, Texas. These bonds
are in the denomination of *1,000 each and bear
interest at the rate of 5% per annum, payable
annually in either New York or Fort Worth,
Texas.
Each bid must be for the entire issue, $1,600,000.
Two propositions will be considered, one for
delivery of the entire issue ($1,600,000) April 10,
1912, and one for three deliveries, as follows:
$550,000 April 10th, 1912, $500,000 July 10th,
1912, and $550,000 October 10th, 1912.
Certified check in favor of The Commissioners'
Court, Tarrant County, Texas, in the sum of
$32,000 (2% of the amount to be purchased)
must accompany each bid.
Bids will be opened and considered by the
Commissioners' Court at 2. P. M., March 11th,
1912,
The Commissioners' Court reserves the right to
reject any or all bids.
Descriptive circular giving all data, information
&c., touching and relative to Tarrant County, its
condition, resources, assets, liabilities. &c..
together will all procedure in connection with this
bond Issue, may be had o application.
C. J. McKENNA, County Auditor,
Fort Worth, Texas.
4% BONDS
Feb. 8, 1912.
Sealed bids will be received at'the office of the
City Comptroller in the Court House & City Hall
Building in the City of St. Paul: Minnesota, up to
12 o'clock noon, FEBRUARY 29. 1912, for the
purchase of $100,000 bonds of the City of St. Paul.
Issued for the purpose of extending, enlarging
and improving the Public Water Plant and Water
Works System, and also $150,000 of bonds Issued
for the purpose of aiding In defraying the expense
of constructing main sewers in the City of St. Paul.
Said bonds to be dated March 1, 1912, bearing
4% interest, payable semi-annually, both principal and Interest in the City of New York. Bids
must be accompanied by a certified check for at
least two (2%) per cent of the amount of the bid.
The right is reserved to reject any or all bids.
• • • a W. H. FARNHAM,City Comptroller, •
508
THE CHRONICLE
WEST PLAINS SCHOOL DISTRICT (P. 0. West Plains), Howell
-An election held recently resulted in favor of
County, Mo.-Bonds Voted.
the question of issuing $33,000 building bonds. The vote, it is stated, was
328 "for" to 41 "against."
WHITE PLAINS, Westchester County. N. Y.
-Bond Sale.
-On Feb. 13
the $38,000 5-23-year (serial) fire-department bonds dated Dec. 1 1911
(V. 94, p. 432) were awarded to Bond & Goodwin of New York at 100.334
and interest. Other bids follow:
R. L. Day & Co., N. Y__$38,118 18 Ferris & White N. Y____$38 065 00
Kissel, Kinnlcutt & Co.,
Estabrook & Co., N. Y__ 38,051 30
N. Y
38,100 00 DouglasFenwick&Co.,N.Y 38,037 00
R. M. Grant & Co., N. Y_ 38,090 44 W. N. Coier & Co., N.Y__ 38,022 00
Harris, Forbes & Co.,N.Y. 38,071 82 Farson, Son & Co., N. Y.. 38,020 14
-Loan Election Proposed.
WILKES-BARRE, Luzerne County,Pa.
-Local
papers state that an ordinance was passed on Feb. 13 providing for the
submission to the voters in April of a loan of $1,000,000 for grade-crossingabolition, erect a comfort station and abate a creek nuisance.
WINCHESTER SCHOOL DISTRICT (P. 0. Winchester), Nez Perce
County, Idaho.
-Bonds Voted.
-According to reports the question of
issuing $5,000 funding bonds carried unanimously at a recent election,
There were 250 votes cast.
-Bonds to Be Offered Shortly.
WINFIELD, Cowley County, Kan.
According to local papers this city will offer for sale about March 1 $60,000
4j% refunding and about $25,000 5% 10-year improvement bonds.
WINNER. Tripp County, So. Dak.-Bonds Voted.
-An election held
recently resulted, It is stated, in favor of the proposition to issue $17,000
water-works bonds.
WOOD RIVER SCHOOL DISTRICT (P. 0. Wood River), Hall County,
Neb.-Bonds Defeated.
-An election held Feb. 3, it is reported, resulted in
the defeat of a proposition to issue $35,000 building bonds by a vote of
179 "for" to 107 'against"
-a two-thirds majority being required to
authorize.
•
YORK COUNTY (P.O. Yorkville), So. Caro.
-Bond Offering.
-Proposals
will be received until 12 m. Mch. 20 by T. W. Boyd, Co. Supervisor, for
$60,000 5% York Township bonds. Denom. $500. Date April 1 1912.
Int. ann. at place designated by purchaser. Due April 1 1942, opt. after
15 yrs. Bonds are exempt from all taxation. Cert. check for 2% of
bid required.
-Bond Offerinos.-Proposals will be received
YOUNGSTOWN, Ohio.
until 2 p. m. March 4 by D. J. Jones, City Auditor,for the following 5% bds.:
$500 Pyatt St. ext. bonds. Due Oct. 1 1913.
900 Elm St. & W. Rayen Ave. sewer bonds. Due Oct. 1 1913.
1,300 street-improvement bonds. Due Oct. 1 1913.
1,300 City's portion street-Improvement bonds. Due Oct. 1 1913.
•
5,000 Steel St. Impt. bonds. Due $1,000 yearly on Oct. 1 from 1913 to
1917 inclusive.
7,000 lire-department bonds. Due $1,000 yearly on Oct. 1 from 1913 to
1916 incl. and $3,000 Oct. 1 1917.
7,500 park emergency bonds. Due $1,000 yearly on Oct. 1 from 1913 to
1916 inclusive and $3,500 Oct. 1 1917.
9,000 emergency bonds. Due $2,000 Oct. 1 1913, 1914 and 1915 and
$3,000 Oct. 1 1916.
Date March 11 1912. Int. semi-ann. at Treasurer's office. Each issue
to be bid for separately. Cert. check for 2% of bonds bid for, payable to
Auditor, required. Purchaser must be prepared to take the bonds not later
than March 11 1912, the money to be delivered at a bank In Youngstown
or the office of the City Treasurer.
[voL. Lxxxxiv.
Canada, its Provinces and Municipalities.
BEACH VILLF„ Ont.-Debenture Offerina.-Proposals will be received
-Trustee, for the $1,947 North Oxford
until Feb. 25 by A. W. Smith, Sec.
Twp. and $3,553 West Oxford Twp. 5% hydro-electric power-plant debentures (V. 93, p. 1741). Denom. $100. Date Oct. 21 1011. Int, ann. at
the Traders' Bank, Ingersoll. Due in 30 ann. Installments of principal
and interest. No debt at present.
BROOKLANDS SCHOOL DISTRICT, Man.
-Debenture Sale.
-J. G.
Mackintosh & Co. of Winnipeg have been awarded $20,000 6% 20-year
debentures, according to reports.
CALGARY, Alberta.-bebentures Sold in London.-Varlous issues of
4 35% debentures aggregating $1,915,700 were recently placed on the London market and disposed of, we are advised, the city obtaining a price of
101.50.
-Debenture Sale.
-It Is reported that $83,000 5%
FICAMROSE, Alta.
40-year water-works and sewer debentures have been purchased by Wood,
Gundy & Co. of Toronto.
-Debenture Sale.
-Wood, Gundy & Co. of Toronto
DAUPHIN, Man.
has been awarded the $7,000 5% 20-installment school debentures (V. 93,
p. 1808).
-Debentures Not Yet Sold.
-No award has yet been
DELORA I NE, Man.
made of the $6,000 20-yr. Impt. debentures. (V. 04, p. 82.)
-Sales of School District Debentures.
-The
DOMINION OF CANADA.
following school-building debentures, aggregating $43,982 (all payable in
ten installments), were purchased by the Alberta School Supply Co. of
Edmonton in January:
SCHOOL DISTRICTS IN PROVINCE OF ALBERTA.
Amount. Int.
Date.
Price.
Name of District$2,000 6
Jan. 4 1912 $2,000
Botha S. D. No. 2601
Jan. 6 1912
1,500 6
1,500
Clarenda S. D. No. 2459
1,500 6
Jan. 12 1912
1,500
Cooke S. D. No. 2489
1,500 6
Jan. 15 1912
1,500
Corinne S. D. No. 2497
1,500 6
Jan. 17 1912
1,515
Hayden S. D. No. 2515
"10,000 5
10,000
Jasper Place S. D. No. 2395
1,500 6
1,500
Jan. 13 1912
Kitchener S. D. No. 2529
1,500 6
1,500
Jan. 10 1912
Knoll S. D. No. 2478
•1,500 6
1,500
Lake Thelma S. D. No. 2427
1,500 6
1,500
Jan. 6 1912
Leighton S. D. No. 2468
1,500 6
1,500
Jan. 10 1912
Midvale S. D. No. 2413
1,800 6
1,800
Myrle Creek S. D. No. 2342
Jan. 6 1912
1,000 6
Parkside S. D. No. 2574
Jan. 23 1912
1,000
2,382 6
Jan. It 1912
2,390
Qurcotte S. D. No. 384
1,500 6
Jan. 16 1912
1,500
Solon S. D. No. 2525
600 6
Jan. 1 1912
600
Three Hill Ridge S. D. No. 2461
1,500 6
Jan. 4 1912
1,500
White Star S. D. No. 2445
Jan. 23 1912
1,200 • 6
1,200
Winning Way S. D. No. 2545
SCHOOL DISTRICTS IN SASKATCHEWAN.
Jan. 22 1912 $3,540
$3,500 6
Ceylon S. D. No. 351
Jan. 15 1912
1,500
1,500 6
Hills S. D. No. 190
Fox
Jan. 26 1912
1,000
1,000 6
Hermann S. D. No. 401
Jan. 22 1912
1,010
1,000 6
Hollymount S. D. No. 352
1,520
Jan. 4 1912
1,500 6
Raymore S. D. No. 2611
rr
" The sales of these debentures were previously reported in the "Chronicle."
NEW LOANS.
NEW LOANS.
BOND CALL.
$143,000
$150,000
Pontchartrain Levee District, La.
TOWN OF GUTTENBERG,
Borough of Haddonfield, N.J.,
4% Street Improvement Bonds
Hudson County, N. J.,
5% FUNDING BONDS
Sealed proposals will be received by the Council
Board at a regular meeting to be held, MONDAY.
FEBRUARY 19TH, at 8 P. M., at the Town Hall,
Bulls Ferry Road, Guttenburg, N. J., for the
purchase of $143,000 Funding Bonds, issued for
the purpose of redeeming improvement certificates
due or to become due on or before January 1st,
1913. Bonds to be of the denomination of $1,000;
to be dated January 1st, 1912, and to mature
January 1st, 1942; interest payable semi-annually
July 1st and January 1st; both principal and
Interest are payable at the office of the People's
Safe Deposit & Trust Company, Town of Union,
N. J. Bonds to be delivered upon payment for
same. A certified check for Twenty-five Hundred
Dollars ($2,500) payable to tile Town Treasurer
of Guttenberg, must accompany each bid.
No bids will be considered at less than par and
accrued interest.
The bonds will be engraved under the supervision of and certified as to their genuineness by
the United States Mortgage & Trust Company
of New York City.
The legality of the bonds has been approved
by the Town's attorney J. Emil Walscheld, Town
of Union, N. J.
The right is reserved to reject any and all bids.
• Blank proposals may be had by application to
the Treasurer.
WILLIAM J. EYPPER, Town Treasurer.
$225,000
The Council of the Borough of Haddonfield
invites sealed proposals for the whole or any part
of $150,000 of Street Improvement Bonds of tile
denomination of $1,000 each, bearing date
April 1st, 1912, with interest at 4 per centum,
payable semi-annually, at the office of the
Borough Treasurer, Haddonfield, N. J., Said
bonds to be payable after thirty years from the
date of issue.
The proposals for the above-mentioned bonds
addressed to Hon. Chas. 0. Brown, Mayor,
Haddonfield, N. J., endorsed "Proposals for
Street Improvement Bonds", will be received by
the Clerk of the Borough until MONDAY,
MARCH 4TH, 1912, tip to the hour of 8 o'clock
p. m., of the same day, who will certify thereon
the time of their receipt by him.
Said proposals will be publicly opened at a
meeting of the said Council to be held in the
Council Chamber of the said Borough of Haddonfield, on the Fourth day of March, 1912, at 8
o'clock p. m. No award will be made on any bid
below the par value of the bonds.
Said proposals must be accompanied by a
certified check payable to Chas. E. Magill,
Borough Treasurer, for two per centum of the
amount of the par value of the bonds bid for.
The Mayor and Council reserve the right to
reject any or all bids as may seem best to them
in the interest of the Borough.
Any information with regard to this bond Issue
will be furnished by addressing.
ALLEN CLYMER,
Borough Clerk.
Haddonfield, N. J.
$12,000
Wilkes-Barre,Pa., City School Dist., VILLAGE OF HIGHLAND PARK, MICH.,
43
,
6% BONDS
5"••The Wilkes-Barre (Pa.) City School District
will accept sealed bids at not less than par and
accrued interest for an issue of $225,000 4 3i%
coupon bonds to be dated March 1, 1912. Bids
are to be accompanied by a certified check for
$5,000 and must be in the hands of the Secretary
of the Board by noon of March 4, 1912. The
Board reserves the right to reject any and all bids.
Further,Information given by
A. W. MOSSASecretary.
EBTABLIBEEND 1885
H. C. SPEER & SONS CO.
FIRE DEPARTMENT BONDp
Wanted, Proposals for the purchase of 12 Fire
Department Bonds of the Village of Highland
Park, of the denomination of $1,000, interest
4%, payable semi-annually. Bonds expire as
follows: 2 October 1, 1918, 3 October 1, 1919,
3 October 1, 1920, and 4 October 1, 1921. The
above bonds are ready for immediate delivery.
Address all proposals to
R. MILTON FORD,
4U1
Clerk of Highland Park.
_
Chester County Gas 53
East McKeesport Street Railway 50
Northern Indiana Gas & Electric 5s
Prankford Tacony & Holmesburg 5s
First Nat. Bank Bldg., Chime
George B. Atiee & Co.
SCHOOL,
BANKERS
SOUNTY AND MUNICIPAL BONDS 119 3. Fourth St.
Philadelphia
NOT/CE TO BONDHOLDERS.
.3
New Orleans, La., January 25, 1912.
The Board of Commissioners for the Pontchartrain Levee District is prepared to purchase
$20,000 00 of its 20-year bonds, Series 0, maturing
November 1. 1912. Sealed offers to sell this
amount, or any part thereof, will be received at
the office of the President up to 12 o'clock noon,
FRIDAY. MARCH 1ST, 1912. Accrued interest
will be added to selling price in accordance with
the rules of the New Orleans Stock Exchange.
Address all proposals to Hunter C. Lealte, President, Pontchartrain Levee Board, Room 3, Union
Station, New Orleans, La. The right is reserved
to reject any or all offers.
IIUNTER C. LEAKE,
President.
Bolger, Mosser & Willaman
MUNICIPAL BONDS
Legal tar Savings Banks,
Postal Savings and Trust rands
SAND 1011 LIST
19 South La Salle St.,
CHICAGO
HODENPYL, HARDY & CO.
7 Wall St New York
Railroad, Street Ry., Gas & Elec. Light
SECURITIES
MUNICIPAL AND RAILROAD
BONDS
LIST ON APPIZOATION
SEASONGOOD & MAYER
Ingrails Betiding
CINCINNATI
Sutherlin & Company
MUNICIPAL BONDS
Commgco Building,
KANSAS CITY
MISSOURI
FEB. 17 1912.]
THE CHRONICLE
-Debenture Sale.
-G. A. Stimson
DOWELL SCHOOL DISTRICT. Alta.
& Co. of Toronto have purchased $1,500 debentures, it is reported.
-The election held Jan. 30 re--Debentures Voted.
EDMONTON, Alta.
sulted in favor of the following by-laws totaling $1,715,453 37 (V. 94, p.
299): Street railway, $602,006 67; horses, vehicles. $19,953 34; police station site, $39,906 67; exhibition association, $175,200; water filters, $29,686 66; water-works bldg., $9,733 33; fire-hall sites, $4,866 67; fire equipments, $4,380; power house, $210,240; city warehouse and workshop, $5.353 34; telephone sub-station sites, $15,086 67; telephone sub-stations, $34,066 67; telephone extensions, $273,020; paving streets, $200,020; city
stables, $12,066 67; itg. dept., $62,780, and warehouse add'ns, $15,086 67.
-Nay :!6 James of Regina have been
-Debenture Sale.
ELKHORN, Man.
awarded the $7,750 5% 19-instaliment debentures (V. 93, p. 1625).
-Debenture Sale.
-G. A. StimGODERICH SCHOOL DISTRICT, Alta.
son & Co. of Toronto have been awarded $1,600 debens., it it stated.
-Debenture Sale.
-Reports state
Alta.
HAMPTON SCHOOL DISTRICT,
that G. A. Stimson & Co. of Toronto have purchased $1,800 debentures.
-Nay es James of Regina have been
-Debenture Sale.
HARDISTY. Alta.
awarded $6,400 6% 20-year debentures, it is stated.
-We are advised that the
IMPERIAL, Sask.-Price Paid for Debentures.
price paid for the $2,500 7% 15-year sidewalk and water debentures
awarded to Nay & James on Dec. 28 1911 (V. 94, p. 155) was 93.086. Date
Dec. 28 1911. Interest in December.
-Debenture Sale.
-Nay & James of
JUSTICE SCHOOL DISTRICT, Man.
Regina have been awarded the $8,500 5% 20-yr. debens. (V. 94, p. 371).
-It is
-Debenture Sale.
KNOWLEDGE SCHOOL DISTRICT. Alta.
stated that $1,000 debentures have been awarded to G. A. Stimson & Co.
of Toronto.
-Reports state that $2,000 6%
LUSELAND. Sask.-Debenture Sate.
15-year debentures have been awarded to Nay & James of Regina.
-A bid of $13,889 was received
MT. FOREST. Ont.-Debentures Not Sold.
from W. A. Mackenzie & Co. of Toronto for the $14,000 5% bonus debentures offered on Jan. 25. V. 93, p. 1685. This offer was not accepted, the
bonds having been withdrawn from sale for the present.
OWEN SOUND, Ont.-Debenture Offering.-Proposals will be received
until 3 p. m. Feb. 26 by A. F. Armstrong. Town Treasurer, for $30,000
public school and $25,000 Owen Sound Furniture Co. bonus 4 3% debentures. Interest semi-annually at Owen Sound. The school debentures are
due Jan. 3 1922 and the other debentures Jan. 2 1932.
-The Dominion Sec. Corp. Ltd.,
-Debenture Sale.
PENTICTON, B. C.
of Toronto has been awarded, it is stated, $100,000 5% 40-yr. debentures
-On Feb. 1 the $50,000 sewer,
POINTE CLAIRE. Que.-Debenture Sale.
$10,000 funding and $65,000 water-works and electric-light 5% coupon
debentures, due 1942 (V. 94, p.299), were purchased by Laurin & Leitch.
This firm was awarded the contract to erect the water-works, seweragesystem and electric-light-plant and takes the debentures in payment at
their par value.
Sask.-Debenture Sale.
-Nay
PRINCE ALBERT PUBLIC
& James of Regina have been awarded $47,000 5% 30-year debentures.
SCHADIST..
ST. JEAN BAPTISTE OF POINTE AUX TREMBLES. Laval County.
Que.-Debenture Offering.-Proposals will be received until 12 m. Feb. 27
by E. H. Levellie. Sec.-Treas., for $65,000 5% debentures. Int. semi-ann.
ST. MARY'S. Ont.-BfdsRejected.-All bids received on Feb.$ for the
four Issues of 4 M7,, and 5% 20 and 30-year debentures, aggregating
$173.183 (V. 94, p. 299) were rejected, according to reports.
ST. THOMAS, Ont.-Debentures Not to Be Issued at Present.
-The
$10,000 hospital debentures voted on Jan. 1 (V.94, p. 83) will not be Issued
for some time, we are advised.
SARNIA. Ont.-No Action Yet Taken.
-No action has yet been taken
looking towards the issuance of the $30,000 5% bonus debentures voted
Jan. 1 (V. 94, p. 83.)
TA VISTOCK, Ont.-Debenture Sale.
-Reports state that $20,000 5%
30-installment water-works debentures have been awarded to G. A. Stimson & Co. of Toronto.
-Proposals will be received
TILLSONBURG, Ont.-Debenture Offering.
until Feb. 19 for $25,000 4 3 % 30-installment public-school debentures
,
5
and $9,000 5% 20-Installment local improvement debentures. A. E.
Raynes is Town Clerk.
TORONTO.Ont.-Debentures Not to be Issued at Present.
-We are advised
that the $2,200,000 hydro-electric-system extension and $139,488 civic
car line construction debentures voted Jan. 1 (V. 94, p. 83) will not be
issued for some time.
WAINWRIGHT. Alta.
-The $43,300 fire-Description of Debentures.
equip., sidewalk and grading debentures awarded on Jan. 24 to the Nat.
Finance Co., Ltd., of Tor. (V. 94, p. 432), bear 5 M % interest, are dated
Dec.9 1911 and become due in 20 annual installments of principal and int.
WILKIE, Sask.-Debentures Not Yet Sold.
-We are advised under date
of Feb. 5 that no award has yet been made of the $10,000 light and $25,000
water debentures (V.93. p. 1742).
YORKTON. Sask.-Debenture Sale.
-On Feb. 1 the $108,300 5% coups
debentures (V. 93, p. 1742) were awarded to the Dominion Securitie.
Corp., Ltd., of Toronto.
NEW LOANS.
$324,000
TOWN OF KEARNY,
Hudson County, New Jersey,
4% BONDS
Sealed proposals will be received by the Town
Council of the Town of Kearny, Hudson County,
New Jersey, at the Town Hall, Wednesday, February 28th. 1912. at 8 p. m., for the purchase of
the following bonds:
-year 4J4% Kearny Avenue Paving
565,000 10
Bonds
-years, $8.000 due each
80.000 Serial 1 to 10
year, 434% Street Improvement Bonds.
108,000 25
-year 45-4% School Bonds.
-year 43.4% Passaic Valley Sewerage
71,000 50
Bonds.
Bids may be made for all or part of the above
Issue.
Each Bid must be accompanied by a certified
check for 5% of the amount of the Bid.
The Town Council reserves the right to reject
any or all Bids.
For financial statement of the Town or any
other Information desired. address
BURTON E. CANFIELD.
Town Treasurer.
BLODGET & CO.
BONDS
619 STATE STREET,BOSTON
SO PINE STREET. NEW YORK
STATE, CITY & RAILROAD BONDS
Charles M. Smith & Co.
CORPORATION AND
MUNICIPAL BONDS
FIRST NATIONAL BANK BUILDING
CHICAGO
gte 6.0Uerninent Ag/COnntani
P. 0. BOX IT. MAIN OFFICE.
WASHINGTON. D. C.
OFFICIAL ORGAN OF THE ASSOC/AT/ON OP
AMERICAN GOVERNMENT ACCOUNTANTS
A MONTHLY MAGAZINE OF INTEREST Tt
ACCOUNT/NG AND FINANCIAL OFF/OHM1
OF MUNICIPALITIES. BANKS, RAILWAYS
AND OTHER PUBLIC SERVICE CORPORA.
Twigs.
TO BE FOUND IN ALL LEA.DINQ CERTIIPIN X
PUBLIC ACCOUNTANTS'()mow.
Oomph Copy 15 sesta. Par Atutua $1 Se
509
MISCELLANEOUS.
OFFICE OF THE
ATLANTIC MUTUAL INSURANCE COMPANY.
New York, January 23d, 1912.
The Trustees, in conformity with the Charter of the Company, submit the following statement of its affairs on the
31st of December, 1911.
The Company's business has been confined to marine and inland transportation insurance.
Premiums on such risks from the 1st January, 1911, to the 31st December, 1911
$3,653,325 18
Premiums on Policies not marked oft 1st January, 1911
8711.68037
Total Premiums
$4,527,005 55
Premiums marked off from January 1st, 1911, to December 31st, 1911
$3,773,578 22
Interest on the investments of the Company received during the year -- -$333,897 03
Interest on Deposits in Banks and Trust Companies, etc
39,628 24
Rent received less Taxes and Expenses
153,167 66
Losses paid during the year
Less Salvages
Re-insurances
526,692 93
$1,385,386 46
$220,704 52
205,151 34 425,855 86
$959,530 60
Returns of Premiums
$196,936 89
Expenses, including officers' salaries and clerks' compensation, stationety, advertisements,etc
570,472 18
A dividend of Interest of Six per cent on the outstanding certificates of profits will be paid to the holders
thereof, or their legal representatives, on and after Tuesday the sixth of February next.
The outstanding certificates of the issue of 1906 will be redeemed and paid to the holders thereof, or their
legal representatives, on and after Tuesday the sixth of February next, from which date all Interest thereon
will cease. The certificates to be produced at the time of payment and canceled.
A dividend of Forty per cent is declared on the earned premiums of the Company for the year ending 31st
December, 1911, which are entitled to participate in dividend, for which, upon application, certificates will be
Issued on and after Tuesday the seventh of May next.
G. STANTON FLOYD-JONES, Secretary.
By order of the Board,
TRUSTEES.
CHARLES M. PRATT;
HERBERT L. GRIGGS,
FRANCIS M. BACON,
DALLAS B. PILAW,
CLEMENT A. GRISCOM,
JOHN N. BEACH,
GEORGE W. QUINTARD,
ANSON W. HARD,
ERNEST C. BLISS,
ANTON A. RAVEN,
THOMAS H. HUBBARD,
VERNON H. BROWN,
LEWIS CAsS LEDYARD,
JOHN J. RIKER,
WALDRON P. BROWN,
CHARLES D. LEVERIC,
DOUGLAS ROBINSON,
H
JOHN CLAFLIN
LEANDER N. LOVELL,
GUSTAV H. SCHWAB,
GEORGE C. CLARK,
GEORGE H. MACY,
WILLIAM SLOANE,
CLEVELAND H. DODGE,
CHARLES H. MARSHALL;
LOUIS STERN,
CORNELIUS ELDERT,
NICHOLAS F. PALMER,
WILLIAM A. STREET,
RICHARD H. EWART,
HENRY PARISH,
GEORGE E. TURNURE.
PHILIP A. S. FRANKLIN,
ADOLF PAVENSTEDT,
A. A. RAVEN, President.
CORNELIUS ELDERT, Vice-President.
WALTER WOOD PARSONS, 2d Vice-President.
CHARLES E. FAY, 3d Vice-President.
JOHN H. JONES STEWART, 4th Vice-President.
BALANCE SHEET.
LIABILITIES.
ASSETS.
United States and State of New York
Estimated Losses and Losses Unsettled
Bonds
$2,310,027 00
in process of Adjustment
$700,000 00
753,427 33
Premiums on Unterminated Risks
New York City and New York Trust Co
and Bank Stocks
1.777,90000 Certificates of Profits and Interest Un267,092 05
paid
Stocks and Bonds of Railroads
2,742,162 00
109,742 16
Other Securities
220,020 00 Return Premiums Unpaid
57,512 16
Reserve for Taxes
Special Deposits in Banks and Trust
183,599 07
1,000,000 00 Re-insurance Premiums
Companies
Claims not Settled, including CompenReal Estate cor. Wall and William Streets
69,104 08
sation, etc
Exchange Place, containing offices 4,299,426 04
and
Certificates of Profits Ordered Redeemed,
Real Estate on Staten Island (held under
Withheld for Unpafd Premiums
22,471 29
75,000 00
provisions of Chapter 481,Laws of 1887)
618.136 00 Certificates of Profits Outstanding
7,401,390 00
Premium Notes
449,354 23
Bills Receivable
to
Cash in •hands of European Bankers
pay losses under policies payable in
203,603 36
foreign countries
930,321 99
Cash in Bank
450,000 00
New York City Revenue Bonds
-----$13.465,923 62
$11,174,365 14
$2,291,558 48
Thus leaving a balance of
$41,878 80
Accrued Interest on Bonds on the 31st day ef December, 1911, amounted to
21,970 48
Rents due on the 31st day of December, 1911, amounted to
Re-insurance due or accrued, in companies authorized in New York, on the 31st day of December,
214,367 00
1911, amounted to
83,096 43
Unexpired re-Insurance premiums on the 31st day of December, 1911, amounted to
Note: The Insurance Department has estimated the value of the Real Estate corner Wall and
450,573 96
William Streets and Exchange Place in excess of the Book Value given above, at
63,700 00
And the property at Staten Island in excess of the Book Value, at
The Market Value of Stocks. Bonds and other Securities on the 31st day of December, 1911, ex1,588.835 82
ceeded the Company's valuation by
On the basis of these increased valuations the balance would be
$4,755,780 75
====a
[VOL. Lxxxxiv.
THE CHRONICLE
; 510
grust
gvust Tonwanits.
Tompantes.
UCH 81810S Trust Goolug or
YOlt,
Manhattan
Tryst
$2,000,000.00
13,877,034.29
Company
Chartered 1853
45 and 47 WALL STREET
.
CAPITAL,
SURPLUS AND UNDIVIDED PROFITS
-
-
..
-
-
Thth Company acts as Executor, Administrator. Guardian, Trustee, Court Depositary and In
Aker recognised trust capacities.
It allows Interest at current rates on deposits.
It holds, manages and invests money. securities and other property, real or personal, for estates,
lorporations and individuals.
Wall Street corner
EDWARD W.SHELDON, President.
HENRY E. AlIERN, Secretary.
WILLIAM M. KINGSLEY, V.-Pres.
WILFRED Z. WORCESTER, Asst. See. CHARLES A.EDWARDS,2d Asst.Sec.
17. Bayard Cutting,
William Rookefeller,
ilexander E. Orr,
William II. Macy Jr.,
William D. S oanc.
TRUSTEES.
JOHN A. STEWART, Chairman 01 the Board.
Lyman J. Gage,
Gustav H. Schwab
Payne Whitney.
Frank Lyman,
Edward W. Sheldon.
James Stillman,
Clusunoey Keep,
John Clain,
George L. Rives,
John J. Phelps,
Arthur Cl. James.
Lewis Cass tedvard.
William M. Kingsley.
WaLlarn Stewart Tod,
Ogden Mills.
Egerton L. Winthrop,
Cornelius N. Bliss. Jr.
Member N. Y. Clearing House
Designated Depositary for State.
City and Court Funds.
Allows interest on Balances.
Issues Certificates of Deposit pay•
able as desired.
FIDELITY TRUST COMPANY
Resources Over $27,000,000
Capital, Surplus and Undivided Profits, Over $9,500,000
Acts as Executor, Trustee, Administrator and in all fiduciary capacities.
Takes entire charge of Real and Personal Estates. Guarantees Titles of
Real Estate throughout New Jersey.
General Banking and Savings Departments. Bond Department for
purchase and sale of railroad and public utility securities. Safe Deposit
Department.
1•1•1101•4•MONOINIMIng0.•01
The Union Trust Company of New York (established in 1864) has
for many years made a specialty of Personal Trusts—under Will or under
Agreement—and maintains a carefully organized department for handling them.
Many millions of dollars worth of property--real and personal -- have
been entrusted to the company by conservative people, residents not only of
New York State but of other states in which the Union Trust Company is
authorized to do business,
Correspondence or interviews with persons considering the formdtion of
trusts of any kind—for themselves or for others—are solicited.
UNION TRUST COMPANY, 80 Broadway
CAPITAL and SURPLUS
-
-
-
-
-
S8,900,000
NMILIONNINNIGINIIMPFIIIIMA 'NV
The
Trust Company of America
37-43 WALL STREET, NEW YORK
LONDON OFFICE.
COLONIAL BRANCH,
222 Broadway, New York.
95 Gresham St.
CAPITAL AND SURPLUS, $8,000,000
Invites accounts of individuals firms and corporations.
Pays interest on daily balances.
Executes trusts of every description.
3ittinoi5
map Compattp
Home Office, 206 La Salle Street
CHICAGO
WRITES ALL CLASSES SURETY BONDS
Court—Fidelity—Contract—Miscellaneous
Me motto of the Illinois Surety Company is "Prompt S.srs34i"
ioth ire the handling of its business and the adjustment0424 '.4.3c0J
Temporary Offices
113 BROADWAY
NEWARK, N. J.
Ala
API.
Nadsav
MISSISSIPPI VALLEY TRUST CO.
Fourth & Pine Sts., St. Louis
CAPITAL, 3UI1PLWI
1
and PROFITS.'58,640,000
A GENERAL FINANCIAL AND FIDUOIAP
BUSINESS TRANSACTED.
DIRECTORS.
HenrylSemple Ames, Vice-President.
William Bagnell. President Bagnell Timber Oc.
John I. Beggs. Pres. & Gen. Man.St. Louis Oar Oa
Eugene 11. Benoist.
James C. Brock. Secretary.
Murray Carleton. President Carleton Dry Goode 0.
Charles Clark.
Horatio N. Davis, President Smith &Davis lifif.th
John D. Davis. Vice-President.
David R. Francis Francis, Bro. & Co.
S. E. Hoffman, Vice-President.
Breckinridge Jones, President.
‘Vm.(I Lackey. Vice-President and Bond Offlos5
W.J. McBride, V.-Pres. Haskell & Barker Oar Os
Nelson W. McLeod. Vice-President Grayson
McLeod Lumber Co.
Saunders Nor veil. Pres. Stoves &Hardware Pub. Os
Robert J. O'Reilly. M.D.
Wm.1). Orth welt]. Pres.Wni.D. Orthweln Grain Os
Henry W. Peters. President Peters Shoe Co.
11. C. Pierce, Chairman Board Waters-Pierce 0110s
Henry S. Priest, Priest & Boyle.
August Schlafly. August Hohlafly & Sons.
R. .1. Stockton. President Majestic Mfg. Oo
Julius S. WsIsh, Chairman of the Board.
Rolla Wells,
IndustnalTrustCompany
Providence, R. I.
CAPITAL
SURPLUS
$3,000.000
3,000,000
OFFICERS
H. Martin Brown. President
Joshua M. Addeman. Vice-President
James 1.1. Scott, Vice-President
Charles C. Harrington, Vice-President
Ward E. Smith, Treasurer
Chas. H. Manchester, Secretary
H. Howard Pepper, Trust Officer
and Asst. Treas.
Frederick B. Wilcox, Auditor
BOARD OF DIRECTORS
Samuel P. Colt, Chairman Samuel M. Nicholson
James R. MacColl
Joshua M. Addeman
John W. Ellis
James M. Scott
Harold J. Gross
It. Martin Brown
Samuel M. Conant
Chas. C. Harrington
James E. Sullivan
Louis H. Comstock
R.LivingstonBeeekman
Herbert N. Fenner
Walter S. Ballou
J. Milton Payne
Albert II. Sayles
Eben N. Littlefield
Seeber Edwards
Angus McLeod
Henry W. Harvey
Ezra Dixon
James H. Pendleton
Englehart C. Ostby
Thomas P. Peckham
Lyman 13. Goff
Everett I. Rogers
1912
1350
The United States Life
Insurance Co.
IN THE CITY OF NEW YORK
Issues Guaranteed Contracts
JOHN P. MUNN, M. D., President
Finance Committee.
CLARENCE II. KELSEY,Pres.Title Gu.deTr.Co.
•
WM. II. PORTER, Banker.
ED. TOWNSEND,Pres. Imp. de,TraderCsIat.Bk.
Good men, whether experienced in life Insurance
or not, may make direct contracts with this Company, for a limited territory if desired, and secure
for themselves, In addition to first year's commission, a renewal interest Insuring an income for the
future. Address the Company at its Homo Office,
No. 277 Broadway, NevriYork Oity.
@FedFRASER