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SECTION.
CHRONICLE
UNIV. OF MIC
FEB 4 190
INCLUDING
State and City Section (semi-Ammally)
Section (Monthly)
Bank and Quotation
Street Railway SectionWashington. D.O.
Railway and Industrial Section (Quarterly)
Entered according to Aot
of Congress In the year
1906 by William B. Dana Company. In Office of Librarian of Congress,
NO. 2171.
FEBRUARY 2 1907.
NEW YORK
VOL. 84.
Financial.
financial.
financial.
THE LIBERTY
FISK & ROBINSON NATIONAL BANK,
AMERICAN BANK
NOTE COMPANY
BANKERS
Government Bonds
Investment Securities
78 to 86 Trinity Place, New York
Business Founded 1196.
Reorganized 1819
Engravers a* Printers
* RAILWAY
TICKETS OF IMPROVED STYLES
Bank
The National Park
GOVERNMENTS AND COR¬
PORATIONS, DRAFTS, CHECKS, BILLS
OF EXCHANGE, STAMPS, ETC., WITH
SPECIAL SAFEGUARDS TO PREVENT
COUNTERFEITING * LITHOGRAPHIC
TYPE PRINTING
$3,100,000.
FRED’K B. SCHENCK. President.
D. G. REID,
CHARLES tu STOUT
Vice-President.
Vice-President.
JAMES V. LOTT
CHARLES W. RIKCK3,
.
Chas. Im Lee,
.
York.
of New
1836.
Organized
Capital
| (Surplus and Profits
! Deposits Eov. 12, 1900
...
&3,000,000 00
N, 144,210 40
95,785,904 26
YICE-PR ESI DENT.
JOHN CL VAN
McGLYNW
Cashier.
62 CEDAR
Francis L. Potts
Francis S. Smithert
NEW YORK
-
in
and other
ASST. CASHIER.
FOXCROFT ASST. CASHIER.
FRED’K O.
-
Municipal Bonds,
INVESTMENT SECURITIES.
WILLIAM A. MAIN
O. JONES.
ASSET. CASHIER.
ST.,
Government, Railroad and
CLEAP,
CASHIER.
WILLIAM
Fred’k B. Schenck.
Ambrose Mouell.
Harvey Fisk & Sons,
VICE-PRESIDENT.
of the Board
Arthur K. Luke.
J. Koszers Maxwell.
Charles A. Moore.
Charles H. Warren.
Frederick G. Bourne
Charles H. Stout.
MAURICE H. EWER,
John Mason Little
Wm, Nelson Cromwell Phineas C. Lounsbory
Joseph R. De Lamar
Chas. A. Moore
James B. Ford
Warren L. Green
Francis L. Him
Asst.
Bankers and Dealers
JOHN C. MCKKON,
VICE-PRESIDENT.
GILBERT G. THORNE,
.
TRUSTEES:
T. H. Freeland, Chairman
Edmund CL Converse
President
Vice-President
Secretary
Treasurer
.
.
.
.
FRED’K P.
DIRECTORS:
E. C. Converse,
T. A. Gillespie,
Henry C. Tinker
F. L. Hine,
E. F. C. Young.
H. P. Davison,
Daniel G. Reid,
PRESIDENT.
,
Cashier.
2d Vice-President.
HENRY P. DAVISON,
Chairman Exec. Com.
RICHARD DELAFIELD.
OFFICERS:
.
.
Wabbkn L. Green,
Jared K. Myers,
.
.
Frank K. Johnson,
.
.
ProfltB.
Geo. F. Baker,
BONDS FOR
AND
BOSTON
NEW YORK
SHARE CERTIFICATES,
BANK NOTES,
NEW YORK.
Capital, Surplus and Undivided
Andrew V. Stout
represented by
James H. Chapman, 421 Chestnut
Chicago, represented by D. K. Drake,
Philadelphia,
,
Continental National Bank
Oar list of
8t.
Building.
Investment Securities sent on application.
CHARTERED 1810.
Memoers oi
Stock
Kicntnond and Baltimore
Fxcnanges.
MECHANICS’ NATIONAL
Williams & Sons,
John L. BANKERS,
BANK.
Edward B. Smith 8k Co.
33 Wall Street.
BANKERS
Streets,
RICHMOND, VA.
Corner 9th and Main
Baltimore Correspondents:
aiiddendorf,
Direct
private telegraph and
to New York.
Capital,
Surplus,
Williams A Co
-
$3,000,000
3,000,000
-
-
-
-
Welsh,
RAILROAD AND OTHER
THE
BONDS.
328
CHESTNUT STREET,
PHILADELPHIA.
Clearing House Builftlmr
Cap.&Surp., $9,169,000
Deposits, $61,053,000
HEPBURN, President
H.WIGGIN,Vice-Pree. E. J. STALKER, Cashier
A. B.
A.
Directors:
Henry W. Cannon,
GARFIELD NATIONAL
23d Street and
Chairman. James J. Hill
Oliver H. Payne George F. Baker
Grant B. Schley A. B. Hepburn
BANK,
Sixth Ave„
New York.
John L Waterbary
A. H. Wiggin
EQUIPMENT OF THE
FOURTH
NATIONAL
OF THE CITT
-
-
STREETS
—
IS
PINE
ESPECIALLY
ARRANGED FOR
HANDLING
MERCANTILE ACCOUNTS.
NEW YORK
$1,000,000
2,300,000
OFFICERS
Samuel Woolverton,
Founded in 1784.
BANK OF NEW
National
President
H; Stevens, Vice-President
George E. Lewis, Cashier
Howell T. Manson, Assistant Cashier
Alexander
THE
—CORNER NASSAU AND
OF THE CITY OF
1 000 000
BA MR
OF MEW YORK
NATIONAL BANK
$1,000 000
Capital
Surplus
GALLATIN
Capital
$urplu8& Profit* (earned)
George F. Baker Jr.
THE
Philadelphia.
ORIGINAL CHARTER 1829.
MUNICIPAL
& Son.
Chase National Bank
511 Cheatnut (Street
INVESTMENTS.
Corner North &
Richmond Correspondents:
John L. Williams
and Phila. Stock Exchangee,
New York.
Sc Co., Francis Ralston
Fayette Streets,
BALTIMORE, HD.
Members New York
7 Wall Street,
telephone wires
Middendorf, Williams
BANKERS,
INVESTMENT SECURITIES
YORK
Banking Association.
DIRECTORS
Iselin Jr.
Frederic W. Stevens
Adkian
u. Stevens
Koosevklt
Alexander
ACCOUNTS INVITED.
W. icmlen
Chas. A. Peabody
Samuel Woolverton
Charles H. Tweed
Thomas Denny Jr.
I
[VOL. LXXX1V.
THE CHRONICLE.
ii
hauliers and drawers of Hfjorcigii gxcltaugjc.
J. P. Morgan & Co.,
Maitland,Coppell&Co.,
NEW YORK.
NEW YORK.
BROAD,
WALL STREET CORNER
Morgan,Uarfes&Co.
Drexel & Co.,
Cor.of6tb & ChestnutSts.
31 Boulevard
Haussmacn,
PARIS.
PHILADELPHIA.
WILLIAM
52
STREET,
Kidder, Peabody & Co.,
115 DEVONSHIRE
Orders executed for all Investment Securities.
Act as agents of Corporations and negotiate and
Issue ix)aus.
Transfers,
Bills of Exchange, Telegraphic
Letters of Credit,
STREET,
BOSTON.
BANKERS.
on
BANKERS.
DOMESTIC AND I OK El ON
Deposit* received subject to Draft. Securities
bought and sold on Commission. Interest allowed on
Deposits. Foreign Exchange. Commercial Credits.
Attorneys and Agents of
MORGAN 6c CO.,
STREET, - - LONDON.
Me sera. J. S.
Brown Brothers &
Co.,
BOSTON.
NEW YORK,
PH I LA.
TRAVELERS* LETTERS OF CREDIT
Available throughout the United States.
August Belmont & Co.,
No. 23
Buy and sell tirst-class In¬
Securities.
tions. Firms and individuals
on favorable terms.
Collect
drafts drawn abroad on all points In the
States and Canada; and drafts drawn In the
States on foreign countries, including South
United
United
Africa
INTERNATIONAL CHEQUES.
CERTIFICATES OF
Letters
of Credit.
DEPOSIT
Buy and sell Bills of Exchange
and make cable transfers on all
points.
Issue Commercial and
Travelers’ Credits, available in
all parts
of the world.
BROWN, SHIPLEY & OO.. LONDON.
FOR
world.
Telegraphic
Available In all parts of the
Exchange and make
Transfers to EUROPE,
EUROPE, CALIFORNIA AND THE
HAWAIIAN
ISLANDS.
Buy and Sell Investment Securities,
Cuba,
the other West Indies,
Mexloo and California.
Execute orders for the purchase and sale
AGENTS AND
of
Investment Securities,
Cuyler, Morgan & Co.,
44 Pine Street, New
BANKERS,
New York,
No. 21 Broad Street,
DRAW BILLS OF EXCHANGE AND MAKE
TELEGRAPHIC TRANSFERS OF MONEY TO
TRAVELERS,
Draw Bills of
J. & W. Seligman & Co.,
Issue Letters of Credit to Travelers
Available in anv Part of the World.
ROTHSCHILD,
London, Fanis and Vienna.
issue: letters of credit
Messrs.
Investment
mission.
Receive accounts
of Banks, Bankers, Corpora¬
NASSAU STEET.
of the
Agents and Correspondents
Baltimore St’k Kxch’s.
vestment Securities on com¬
LETTERS OT CREDIT.
British
Agents for the Bank of Australasia, the
Guiana Bank, Demerara, etc., etc.
BALTIMORE.
1NVESTMEN1 SECURITIES.
FOREIGN EXCHANGE.
Banco Kaclonal de Mexico
And its Branches.
connected by private wire.
Hems. N. Y., Phila., Boston &
Paris,
BANKERS,
59 Wall St.
ALEX. BROWN & SON8,
Limited,
Messrs. Mallet Freres Sc Cte.,
for Travelers
Cable Transfers. Circular Letters
available in all parts of the world.
No. 22 OLD BROAD
Union of London & Smiths Bank.
London,
CORRESPONDENTS OF
Seligman Brothers, London.
Seligman Freres A Lie., Paris.
Alsberg, Goldberg A €0., Amsterdam.
Anglo-Callfornian Bk..Lt..SanFraucisco
York.
BANKERS
SECURITIES.
INVESTMENT
TA1LER&CO
MEMBERS OF NEW
YORK STOCK EXCHANGE.
York
27 Pine Street, New
KESSLER
BANKSBS
&
Foreign & Domestic
CO.f
Bankers
BANKERS,
WALL
54
STREET, NEW YORK.
Stack Exchange.
Members af the N. Y.
IN VESTMENT
r
URgthmmd&Ca.
Boy and Sell Bills of Exchange and
Cable Transfers on all the
Principal European Cities.
SECURITIES
COMMERCIAL
AND
TRAVELERS’
CREDITS, BUY AND SELL RAILROAD
STOCKS, BONDS AND INVESTMENT
SECURITIES. ACT AS FINANCIAL
ISSUE
Winslow, Lanier & Co.,
59
CEDAR
NEW
'
AGENTS FOR CORPORATIONS.
Commission.
foreign Exchange, Letters
of Credit.
Kean,VanCortlandt&Co
Foreign Exchange Bought and Sold.
Issue Commercial and Travelers’ Credits
available in all parte of the world.
Schulz &
Members New York Stock
NEW YORK.
ana
Domestic
Exchange.
Fruhllng & Goschen. London,
Joh, Berenberg, Uosskf & Co., Hamburg.
Marcuard & Co.. Baris.
Bremer Bank. Filiate Dresdner Bank, Bremen,
lssne Commercial & Travelers’ Credits.
Buy and Sell Bills ot Exchange.
Securities.
John MunroeNew&York.
Co.,
No. 30 Pine
Street,
4 PoMt Office Square, Boston.
Issue Circular Letters of Credit for Travelers’
Abroad Against Cash or Satisfactory
Guaranty of Repayment.
Exchange on London, Parle,
Zurich and St. Gall.
Credits Opened and Payments
Berlin,
Made by Cable
Parle SJousc-M GNHOE A CO.
to draft. Interest
Bank, Limited.
Paris Bunkers*—Heine A Co.
Dealers in High-Grade
INVESTMENT SECURITIES.
MOSLE
16 & 18
Credit and
sent on application.
BROTHERS,
EXCHANGE PLACE,
NEW YORK.
al¬
lowed on deposits. Securities bought and sold on
commission. Travellers credits available through¬
out the United States, Cuba, Puerto Rico, Mexico,
Central America and Spain. Make collections inand
Issue drafts and cable transfers on above countries
Bankers*— London
SOLD
Securities
Wall Street, New York.
Loudon
Stock Exchange.
Members Philadelphia
List 01 current offerings
Bankers,
Deposits received subject
Use
Street,
PHILADELPHIA.
Traveler’s Cheques.
LawrenceTurnure&Co.
50
BANKERS.
No. 435 Cliestnnt
Issue Letters of
--
Cable Transfers and Investment
GRAHAM & CO.,
Deposits received subject to Draft•
New York.
Correspondents ot Messrs.
Banking Business.
No.
St., New York
SECURITIES BOUGHT AND
ON COMMISSION.
Ruckgaber,
BANKERS,
11 William Street, -
bankers,
Dealers in Investment
507 Chestunt St.
Philadelphia
William Street.
MEMBERF N, Y. STOCK EXCHANGE.
Deposits Received Subject to Draft, Internet
Allowed on Deposits. Securities
Execute orders for purchase and sale of
Bought ana Sold on
Stocks and Bonds.
Gene ai foreign
for Travelers.
BANKERS,
37
a
Letters of Credit
Heidelbach, Ickelheimer & Co.-
YORK,
BANKERS.
Transact
Securities
33 Pine
STREET,
30 FINE STREET,
High-Grade Investment
Joint-Stock
COMMERCIAL CREDITS,
EG REIGN EXCHANGE.
ATTORNEYS AND
MESSRS. KONIC
AGENTS OF
BROTHERS-Bankers
LONDON.
Feb. 2 1907. j
gktukevs.
itmfeers.
Hxchmtge.
27o reign
hi
CHRONICLE
THE
Wm. A.
Read & Co.
Millett Roe & Hagen,
BANKERS.
& Co.,
Lee, Higginson
Street,
44 State
BANKERS
3 Broad
Investment Securities.
Dealers in
BOSTON.
CHICAGO OFFICE,
HIGH-GRADE BONDS
STREET,
NASSAU
25
New York*
Street,
NEW YORK.
Tfct Rfkery.
205 La Salle St.
203 E. German St.
43 State St.
Member* New York
Members New York
Stock Exchange
CHICAGO.
BALTIMORE.
BOSTON.
Boston, 10 Post
and Boston
Office Square,
Stock Exchanges.
Members N. Y.
Plympton, Gardiner & Co.,
RUSSELL & CO.,
J. Bc
BANKERS
DEALERS LN
Conservative Investments
High-Grade Bonds
AND
REQUEST.
Securities.
Investment
2T
WILLIAM ST„
YORK,
ST., NEW
46 WALL
BANKERS.
LISTS ON
NEW YORK.
< New
Members:
Financial
(
Electric
BANKERS
Corner
NEW YORK
CHICAGO
Act
allow interest on balances.
as Qscal agents for munici¬
palities
and
letters
of
corporations. Issue
and deal in
credit
BONDS FOR
LIBT ON
of the Automatic
Company.
BRANCH OFFICES:
CARBONDALE, PA.
READING, PA.
DA YTON, OHIO.
CHICAGO, ILL.
WILKES BARRE, PA.
SCRANTON. PA.
BINGHAMTON, N, Y.
BANKERS
43
INVESTMENT
EXCHANGE PLACE,
New York
Members of
sale
NEW YORK.
ot
84 State Street,
BOSTON.
NEW YORK.
Commercial Paper.
Investment
Members New
Securities.
Boston Stock Exchanges.
York
and
Cor. ol Wall
Draw
and Broad Sts., New
27-29 PINE
and
Deposit Accounts.
Fiscal Agents for Cities
Travelers,
all parts ol the world.
Philadelohia.
Forshay,
NSW YORK
of Credit lor
INVESTMENT.
and Corporations.
NEW YORK.
Chicago* San Francisco
49 Wall Street,
PHILADELPHIA
BANKERS,
9 aad 11
Wail Street, New
Members Neva
Orders
York,
xork Stock Exchange.
executed for stocks
ment or on
and bonds for invest¬
margin.
E. D.
SHEPARD & 00.
,
FOREIGN EXCHANGE Bough! & So/d
LETTERS OF CREDIT ISSUED.
DailvandTime Deposits,
Cable Transfers to all Parts ol the World,
BIRD
Stern &
Schmidt,
N.Y.Stock Exchange.
W. N.
EXCHANGE,
INVESTMENT SECURITIES.
27 WILLIAM STREET, NEW YORK.
Members N. Y. Stock, Cotton and Coffee Axoh&ngds
LEONARD H. HOLE.
S.COLER,
Member
Aus¬
Interest Allowed on
STREET, NEW YOBK.
Interest Paid on
FOREIGN
BANKERS.
and Mexico.
Zimmermann &
RAILROAD and
STREET RAILWAY
BONDS.
HALSEY & CO„
York.
Cable Transfers to Europe, Asia,
tralia, the West Indies, Central
available in
N. W.
and make BONDS FOR
Bills oi Exchange
DEALERS IN
MUNICIPAL,
Securities
Commercial Paper
HOLLINS & CO.
H. B.
Issue Letters
BANKERS.
Foreign Exchange
Investment
of the world.
Credit
Securities
South America
Rudolph Kieybolte& Co.
Travelers’
NEW YORE
DEALERS IN
Investment
YORK CITY
and other
MUNICIPAL BONDS.
•
Letters of
Credit,
Available In all parts
STREET,
ft NASSAU
“COLDNESS.
Letters of
Dealers in
NEW
Bankers
tor purchase
Issue Commercial and
Blake Brothers & Co.,
HALLGARTEN & CO.
Stock Exchange.
and
Stocks and Bonds.
SeU Foreign Exchange.
Execute orders
APPLICATION
Exchange Place,
NEW YORK
35 Wall Street
Goldman, Sachs & Co.,
Buy and
CABLE ADDRFcfc?
§0
Securities
B08T0N
soblect to cheek
Receive deposits
and
William
Investment
Tunnel
the Illinois
Financial Representatives
N.W. HARRIS & CO.
Railroad and other
Exchange.
Company.
& Bro.
BANKERS
York Stock Exchange.
Chicago Stock
Representatives of
i
Geo. P. Butler
of Customers.
Vaults for Use
Safety Deposit
Boston.
Chicago.
Pine Street.
Stock Exchange
59
COLER & CO.,
BANKERS
CEDAR ST., NEW
YORK.
INVESTMENTS.
LONDON
BOSTON
KUHNE
KNAUTH, NACHOD &
BANKERS.
Members of
LEIPZIG
the New
YorkStock Exchange.
GERMANY.
ihOMAiiu.su
U
NEW
YORK.
WILLIAM .CJT
lit
IV
THE CHRONICLE
|VOL.
foreign.
DEUTSCHE
BERLIN, W.
39 CORNH1LL.
1 3.
TO
CAPITAL.
©atradiati gaubs.
The Union Discount Co. Bank of
Montreal
[ Established 1817.1
of London, Limited.
BANK,
BEHREN8TRA88E 9
347.619,000
Telegraphic Address, Udisco, London.
Capital Subscribed
37,500,000
Paid Up
3,750,000
Reserve Fond
3,350,000
333,118,000
?5=£1 STERLING.
M. 200,000,000.
RESERVE
M. 97,009,000.
NOTICE IS HEREBY GIVEN that the RATES
OF INTEREST allowed for money on deposit are
Dived buds paid during last tin tiara:
follows:
as
10.10, lOfc, 11,11,11,11.11,12,12 per oent.
At
Call, 3& Per Cent.
Days’ Notice, 394 Per Cent.
l
WIESBADEN.
FRENCH FINANCE CORPORATION
OF AMERICA.
Deutsche Bank (Berlin) London A?encv:
George Yard. Lombard St.
E. C.
Purchasers of First-Class Investment
-
-
-
-
$14,400,060.00
11,000,000.00
159,881.84
Head Office—Montreal.
NEW YON A OFFICE:
No.
31
ACT
M. 17,000,000
Buy and sell Sterling and Continental Exchange
Transfers; grant Commercial and Trav¬
elers’ Credits available in any part of the world;
issue drafts on and make collections in Chicago and
throughout the Dominion of Canada.
London
!
FOR
AS
FINANCIAL
AMERICAN
AGENTS
RAILWAY
IN
Office, No. 46 & 47 Tnreadneedle St.
i
M. 2,500,000
CORPORATION-
The London
SECURITIES.
Midland
*
BERLIN.
NEW
Branches:
35
YORK,
Hroad
Street.
" 9, rue Pillet-Wlll
HEAD OFFICE:
5 Threadneedle Street, London, England.
Cordoba, Tucuman
Bolivia : La Paz, Oruro.
OfflXJ: Antofagasta, Concepcion, Iquique,
With Branches in all the Principal Cities and Towns
of England.
Osorno,
Mcntt, Santiago, Valdivia, Valparaiso.
Peru : Arequips, Callao, Lima.
URUGUAY: Montevideo.
■PAIN: Barcelona.
City &
Bank, Limited,
PARIS,
Bahia-Blanca.Bell-Ville, Buenos Aires,
Telegraphic Address: Cinnabar, London.
SWISS BANKVEREIN
Banco Mexicano de Comerclo
Industria, Mexioo.
Taylok, Manager.
Iforcign.
FRANCE
$595,000 | IN THE OBTAINING OF LOANS AND 8ALE OF
Memiec A guts:
;• Agents.
)
Marltet.
$4,190,000
HEAD OF FliCE
)
and Cable
$4,761,000
Reserve Knud
PINE STREET.
R. Y. Hebden,
W. A. Bog,
J. T. MOL1NF.UX,
Securities tor the French
(Deutsche Ueberseeische Bank.)
Subscribed Capital
M. 20,000.000
raid Up Capital
ESTABLISHED 1836.
e
SUBSCRIBED
Bills sent for collection, negotiated or
advanced upon.'
Drafts,
-
Rt. Hon. Lord strathcona and Mount Royal
G. C. M. G
Honorary President
Hon. Sib George A. Drummond K.C.M.G.Preeident
E. S. Clouston.. Vice-PresL and General Manager
F. W.
BANCO ALEMAN TRANSATLANTIC
Puerto
-
UNDIVIDED PROFITS
Company discounts approved bank and mer¬
cantile acceptances, receives money on deposit
at rates advertised from time to time, and grants
loans on approved negotiable securities.
CHRISTOPHER R. NUGENT, Manager.
AND THI
Argentina:
paid in
The
BREMEN, DRESDEN. FRANKFORT-ON-M.,
HAMBURG,
LEIP8IC,
MUNICH.
NUREMBERG, AUGSBURG
LONDON
CAPITAL
BEST
At 3 to 7
Branchis:
4
LXXXIV.
CAPITAL,
CAPITAL,
BESERVE FUND,
PAID-UP
BASLE, ZURICH, ST. GALL,
cablertransfer8 and Letters
GENEVA, LONDON.
of credit issued.
$75,428,460
15,714,250
15,714,260
E. H. HOLDEN, M. P.. Managing Director.
London Agents.
Deutsche Bank (Berlin) London agency.
4 George Yard, Lombard st„ London, E.C.
\
Capital, Paid Up
Surplus
Fr. 62,800,000
-
Fr.
BOISSEVAIN &
14,280,000
Adolph Boissevain & Co.,
Amsterdam, Holland.
Established 1861.
STINTBBUCKK 1
FRANK FORT-on-M..
LONDON, E. C..
Hobrmakkt 18.
58 Corn hill.
“
**
••
*
Discontoge, Frankvttrtmain.
schwolde, Bremen.
Soondito London.
NORTHCOTE,
Handels-Gesellschaft,
Telegraph to Address. Dihcontoge, Berlin.
*
TRANSACT A GENERAL BANKING
STOCK EXCHANGE BUSINESS.
AND
Berliner
BREMEN.
44-44 BlHBKN 8TRASSX.
**
DUDLEY &
BERLIN, W.,
Behrenstrasse '82-88
and
Franzosisohe-Strasse 42
49 Wall
Telegraphic Address:—HandeHschaft. Berlin.
11
CAPITAL, fully pahl,
$40,476,200
-
....
M. 57,590,611.
With the unlimited personal
the
J. Hoeter,
M. SCHINCKBL,
E. Russell,
F. Urbig.
A. Salomon sohn
Chicago
For Investment in the United States.
$18,712,526 Banking Transactions of
Every Description.
liability of
807 Monadnock Bloc
foreign funds
.
following partners:
A. Schoeller,
COMPANY,
Street, New York,
Poultry, Obeapside
London, B.C.
ESTABLISH ED 1856
ill. 170.900.0U0.
RESERVE,
Capital,
-
-
M.100,000,000
Reserve,
-
-
M. 29,000,000
.
Hong
Kong .& Shanghai
BANKING
CORPORATION.
Paid-up Capital (Hong Kong Currency).. 110,000,000
Reserve
reserve Funds
*unas
I ^ Go.d...$10,000,000)
sns.Vt dm
(*0,K».oot
f j„ Silver.. 10.250.0o0
Reserve Liability of Proprietors.
Brasilianische Bank
The National Discount
fur Deutschland.
CAPITAL
Porto Alegre.
35
Company, Limited.
CORNHILL*.
Cable
fur
Chile
und
Deutschland.
CAPITA I
HAMBURG,
with
M 10,000,000 0
branches In CHILI (Banco <i
Chile & Alemania): Valparaiso. Santiago. Conce
cion, Temuco,
Antofagasta; and in BOLIVI
(Banoo de Chile Sc Alemania, Secclon BoJiviana
Lapaz and Oraro.
The above-named banks, founded and represented
Europe by the
Direction der Disconto-Gesellschnlt,
Berlin. Bremen. Frankforto/m and London
Norddeutscbe Hank in Hamburg*
Hamburg, ofler their services for every description
regular ju banking transactions.
10,000 004
GRANTDHAFTS. I8SUEI.ETTEUSOFCKEDIT, NEGOTI¬
ATE OR COLLECT BILLS PAYABLE IN CHINA,
JAPAN.
PHILIPPINES. STRAITS SETTLEMENTS, INDIA, ETC.
WADE GARD’NEK. Agent, 50 Wall St.
HI
10.000,000 00
Head Otlice; HAMBURG.
Branches: Rio deJaneiho. Sao Paulo. Santos
Bank
CO.,
Members New York Stock Exchange.
Disconto-Gesellschaft,
.,
STREET,
NEW YORK.
Direction der
BERLIN, W
BROAD
34
LONDON, E. C.
Address—Natdis, London.
-
Subscribed Capital
-
$31,166,635
Paid-Up Capital
4,33*,335
3,900,000
Reserve Fund
($5=£1 STERLING.)
NOTICE IS HEREBY GIVEN that the RATES
OF INTEREST allowed for money on deposit are
as follows:
At Call, 3% Per
At 3 to 7 or 14
Cent Per Annum.
Days’ Notice, 394 P. C.
Approved bank and mercantile bills discounted.
Money received on deposit at rates advertised from
time to time, and for fixed periods upon terms to be
especially agreed upon.
Loans granted on approved negotiable securities.
PHILIP HAROLD WARE. Manager.
INTERNATIONAL BANKING
CORPORATION.No'
yIST**’
CAPITAL .V SUKPK.CS.
Buy
$6,500,000
ana »el.‘ -terann ana continental
Cable Transfers
toi Collection
Orient.
Negotiate Draw
hixchangeand
or Receive
3;Ik. an Point* iti the
Issue J<efter*ci Credit
Branches at London. Bombay. Calcutta, Singa¬
pore, Canton, Hong Kong, Manila. Shanghal,
Kobe. Yokohama. San Francisco. City of
Mexico. Washington, i>.C.. Panama.
H. SCHERER & CO.,
BANKERS.
Collections, Foreign exchange and Invest¬
ment
Securities.
MEXICO.
Feb. 2
©anadian
garths and Hankers.
gaubs.
CANADIAN BANK
OF COMMERCE,
THE
HEAD
BARING
$10,000,000
5,000.000
Mackay & Co.
13 Wall Street, New York.
BANKERS
Buy and Sell Foreign Exchange
NEW YORK OFFICE:
EXCHANGE PLACE,
Wm. Gray and H. B. Walker,
CO
&
BANKERS
OFFICE, TORONTO.
PAID-UP CAPITAL.
SURPLUS
N«a. 10 AND IS
v
THE CHRONICLE,
1907.J
Agents
LONDON OFFICE:—60 LOMBARD STRUT, E. CL
Bankers la Great Britain t
Thx Bank of England,
Thi Bank of Scotland.
Lloyds Bank Limited,
Onion of London and Smith’s bank. Limited.
Buy and Sell Sterling and Continental Ex¬
change and Cable Transfers, Commercial
and Travelers' Credits. Collections made at
all points.
Issue Commercial and Travelers’
Letters of Credit,
INVESTMENT SECURITIES.
BROTHERS
BARING
Banking and Exchange business of every
terest
for
Agents and Attorneys
Members of the New York and
Boston Stock Exchanges. Deal¬
ers in Government Bonds and
other Investment Securities. In¬
CO., Ltd.,
&
allowed
Nassau and Pine Streets
LON DON.
description transacted with Canada.
New York
issued at lowest rates.
ESTABROOK &
CO.,
The Bank of
British North America
BANKERS,
Established in 1836.
15 State Street, Boston.
Incorporated by Royal Charter in
Paid-up Capital,
Reserve
Fund,
.
.
«4
Gracechurch Street. Loudon, EL C.
Nsw York Office: $2 Well Street
H.M J AleMIOHAEL.l Agent*.
W T. OLIVER.
r
Buy and sell 8 terllcg and- Continental Exchange
and Cable Transfers; Grant Commercial and Travel¬
ers’
Ciedits available In any part of the world,
lssnes Drafts on and make Collections in all parts
*
of tbe United States snd Canada
Merchants’ Bank of Canada.
HEAD OFFICE: MONTREAL.
116 branohes In the Provinces of Quebeo, Ontario,
Manitoba, Saskatchewan, Alberta and British Co¬
lombia. Good facilities for effecting prompt collec¬
tions in Canada. Bay and sell Sterling Exchange
and Cable Transfers. Issue Commercial and Trav.
elers’ Credits, available in any part of the world.
London Agent*— Royal Bank ol Scotland.
Sovereign Bank of Canada
and other
JACKSON & CURTIS
BANKERS
YORK AND BOSTON
INVESTMENT
SECURITIES
1 Nassau
19
Street,
Boston
S. l). Loring,
C. Sidney Shepard,
S.D. LORING & SON,
The English Association of American
Bond & Share Holders. Ltd.,
BANKERS,
Railway
ana
Trustees A
Industrial
64 Devonshire Street.
.
.
INVESTMENT
SECURITIES
^ Special.
foreign
Caaadlaa
H. W. POOR & CO.
Congress Street,
New York
Homer Loking
LONDON.
GREAT WINCHESTER STREET
m Arsnt In
England for American and
30 WALL 8Til
STOCK EXCHANGES
PINE STREET
Aote
NEW YORK
BOSTON
Branohes Throughoat the
Dominion
S
Corporation Bonds
67 MILK STREET
71
>EW YORK AGENCY. ‘43
BANKERS
Municipal, Railway
MEMBERS NEW
Agent
Geo. A. Femaid & Co.
GOVERNMENT,
MUNICIPAL AN1)
CHOICE RAILROAD BONDS.
$6,000,000
3,074,396
NEW YORK OFFICE: 63 and 65 Wall St,
The
Boston
Members Bostou Stock Exchange
CAPITAL
Rest and Undivided Profits
W. M. Ramsay,
421 Chestnut St.
Philadelphia
Congress St.
NEW YORK.
INVESTMENT SECURITIES.
Head Office:
5
STREET,
BROAD
440,000 Sterling
....
13
1840
A 1,000,000 Sterling
.
deposits.
on
Belton.
Companies.
NEW YORK
BOSTON
33 Wall Street
33 Conqrks 8t
Tucker, Anthony & Co.,
Directors
Alfred W, Smithers^Chairman
Lord Welby, W. Li ndley, T. Reynolds— London
T. P. Fowler—New Yorn
BANKEBS
INVESTMENT BONDS.
Tbs Association’a Agents Is America and Cased* arc
Co. aad th* Bank of Montreal.
THOMAS L1NDLEY. Secretary.
BROKERS,
&
S3 STATE STREET,
lHe Morton Trust
BOSTON.
IRVING
the
VAN
THE
OSS
& CO..
NATIONAL
HAGUE, HOLLAND.
Place American Investments in
BANK
OF THE CITY OF NEW YORK.
Eurooe.
Chambers, West Broadway and Hudson Streets
Tel. Address, Voeo.
Code*. Harttleld’s Wall St.,
New York Steak
Exchanges.
Members Beaton and
W. U. & Lieber.
Jordaan Cohen & Wennink,
BANKERS.
PAK IS.
SIMON BORG & CO.,
Original Charter, 1851,
Capital,
Surplus,
-
-
$1,000,000
1,000,000
SAMUEL S. CONOVER,
CHARLES F. MATTLAGE,.
CHARLES L. FARRELL,
BENJAMIN F. WERNER, BANK
AND
-
-
President
Vice-Presidenj
Vice-President
Cashier
-
MERCANTILE ACCOUNTS
BANKERS,
Members of New
York Stock Exchange.
No. 20 Nassau Street,
-
New York
High-Grade
Investment
Securities
A SPECIALTY.
1906
ISSUE
H. AMY & CO..
THE FINANCIAL REVIEW
five-year monthly rang* ©f prices
stocks and bonds and other valuable sta¬
contains
for
BERTRON STORRS & GRISCOIYI,
BANKERS,
HANKERS.
a
tistics
Price, $2.
COMMERCIALS* FINANCIAL CHRONICLE
YORK.
•
44
and 46 Wall St., New York.
IN V ESTMENT SElU ltlTl ES.
61 Us ot
Exchange,
Letters ol Credit.
Land Title
Building,
PHILADELPHIA.
40 Wall Stree*,
NEW YORK,
,
INVESTMENT SECURITIES,
[VOL. LXXXIV.
THE CHRONICLE
71
gatthevs and grnhers
ffotteigu.
guey
BANKERS,
de.' Rio. Cama-
Galiano Street Havana.
CLARK & CO.,
E. W.
Matanzas Santiago.
Calbarien Guan¬
GENERAL BALANCE SHEET
ASSETS
Cuba
JUNE 30. 1900.
Members Phils, and New York Stock
Interest Allowed on Deposits.
Sew York Correspondents:
S3,149.818 20
1.292,782 18 $4,442,000 38
Co.,
Ross, Morgan &
BANKERS Sc BROKERS
PHILADELPHIA
321 Chestnut Street.
Cash—
In Vaults
Banks and Bankers
Bonds and Stocks
PHILADELPHIA
PHILADELPHIA.
National Bank of Cuba
Havana. Cardenas. Cienfuegos.
Manzanillo Sagua la Grande
tanamo. Santa Clara. Pinar
mtlstdje |Iexu Uorh.
100-102 Girard Trust Bldg
112 So. 4th St. and
Exchanges
j k^nSban?.*’,
PHILADELPHIA, PA.
Members of Phila. &
N. Y. Stock Exchanges.
Investment Securities
Owned—
$1,869,898 48
Government Bonds
.
City of Havana Bonds
1,103,355 24
Other Bonds and Stocks..
193,828 33
Loans, Discounts, Time Bills, Etc
Furniture and Fixtures
Real Estate and Building
Sundry Accounts
Calls on Capital Stock Due Aug. 1st
$3,167,082 05
10,397,417 28
Heye & Harrison
Battles.
68,436 73
248,615 23
J. W. SPARKS &
BANKERS.
BANKERS AND BROKERS
104,860 80
504,000 00
AND
FOR
PHILADELPHIA
•j,EMBERS
INACTIVE LISTED BONDS
INVESTMENT PURPOSES
LIABILITIES.
$5,000,000 00
300,000 00
Capital
Surplus
414,415 59 $5,714,415 59
oUndivlded Profits
52 Broadway
NEW YORK
131 South 5th Street
13,219.190 88
Deposits
PHILADELPHIA
-■
and Third Sts.,
STOCK EXCHANGE
NEW YORK STOCK EXCHANGE
CHICAGO BOARD OF TRADE
Corner Chestnut
UNLISTED
DEALERS IN HIGH-GRADE
$18,933,612 47
CO.,
.
•
Investment Securities
.
Private
Wires, N.Y., Pittsburgh, Chicago
$18,933,612 47
a Deduct $178,424 00
nayable July 2nd. 1906.
Dividend,
4% Semi-Annual
.
Westling, Jones & Emmett,
hrexel Building, Fhila.
Title Buildingi
PHILADELPHIA.
Land
FIRST'^NAT'iiwJMl
BANK
MILWAUKEE.
OF
DEPOSITARY,
UNITED STATES
BONDS
PENNSYLVANIA TAX-FREE ISSUES
W. G.
OFFICERS:
G&slier.
Pbxd Vogml jRy Pres.
Henry Ki.oes,
Wh. Btgelow, v.-Pres.
Osca* K ahten.Ast.Cash.
Fred. T. coll, V.-Prea.
E. J. Hughes. Ass’t Cash.
a. W. Book, A*t.Ca*n.
W. C. Haas, Mgr. foreign & Savings Dept.
H. 8. Hopper,
Hopper,
Investments.
Infor¬
present
104 South 4th
ESTABLISHED IN 1669.
RESPONSIBILITY $6,000,000 00.
Transacts a General Banking Business.
Attention.
Collectionr Given Special
Dulles 8t Co.,
Benj. C. Warnick & Co., Wurts,
BANKERS Sc BROKERS
BANKERS & BROKERS,
141 South 4th
Philadelphia, Pa
Street,
Dealers fas
HIGH-GRADE RAILROAD
AND OTHER
CORPORATION BONDS AND
Send for- <mr Osrefular.
Jkxcmraiaulg.
LYBRAND,
STOCK.
125 South 4th Street
7
Members Philadelphia
MONTGOMERY
(Penniylvaila)
BANKERS,
Street, Providence, R. L
25 Exchange
Land Title Building
Wall Street Exchange Building.
NEW YORK.
7 CONGRESS
CERTIFIED PUBLIC
ACCOUNTANTS
MEMBERS BOSTON
Broadway, - - New York
Special Department for Bank Examinations under tbs
manaxvmeot of a National Bank Examiner ot
ACCOUNTANTS
York.
Finance Electric Railways,
Lighting and <ja« Properties
We will Purchase or
LARGE PROPOSITIONS
perley
morse
ROSE & CO.,
^ Certified Pubi c
’Phone 2269 Bruad
TF
your
client
wants
Seouritiei
SPECIALTY.
rEW
of
a
YORK.
a
all
good
the
bond investment,you
recommend
Company’s
Write for illus¬
American Telegraphone
Treasury Stock.
trated booklet No.
MAX B. BORG.
8366 RECTOR,
sureness
cannot do better than
STREET,
Investment Securities
SO BROAD ST.
Investment
MUTUAL
NEW
WALL ST.
NEW YORK
CO.,
JERSEY
DEALER IN
NEW JERSEY
r
SECERiTlES,
15 EXCHANGE
Telephone 751.
FLACE
JERSEY CITY.
TOPEKA.
KANSAS
(he older issues of Kansas bonds
D. H. MARTIN.
KANSAS
TOl’EKA,
( buy any of
66
&
BUILDING
EDWIN R. CASE,
'644.
Sterling Debenture Corporation
Stocks
Securities
TAYLOR
YORK,
NOSTRAND,
Curb
K
CONN.
SPECULATION, with
and
Gen’l
H.
J_
Insurance and Bank
Conn.
Accountant
>
Certified Public Accountants
A
HARTFORD
NEW YORK
President
Bonds
BANKERS.
43-49 Lxcnange PI,
41-43 Wall St.
ACCOUNTANTS*
New York.
189 LaSalle Street, Chicago.
Hifcallaneouf
Company,
STANDARD AUDIT CO.
52 Broadway,
36 WALL
Weeden 8c
INVESTMENT SECURITIES.
JAMES PARK & 00.,
56 Pine Street
NEW
Telephone 4261 John.
Sts.
PREFERRED.
N
CERTIFIED PUBLIC
40 Wall Sc 37 Fine
President,
JOS. II. MAYER,
f
11 Fine Street
LOOMIS, CONANT&CO.
30 Broad Street New
Tel, 4868 Broad.
EXCHANGE
PROVIDENCE.
FINANCE CO.
per tenet
CERTIFIED PUBLIC
STOCK
Co. TRACTION. OAS & ELECTRIC
52
many year*
BOSTON.
ST.
INVESTMENT
BONDS FOR
New York Office,
Wilkinson, Reckitt, Williams &
COMPANY,
&
ADAMS
Transact a general banking business. Bonds,
Stooks and Local Securities. Private wires to
New York, Boston and Philadelphia.
PHILADELPHIA.
Co.
BOSTON.
Richardson & Clark.
Certified Public Accountants
Stock Exchange.
Representatives of Spencer Trask &
PROVIDENCE
ROSS BROS &
O. B. VAN
PHILADELPHIA
Street,
OREGON,
PORTLAND,
HOW,
Stock Exchange
Stocks and Bonds
Third Street, Philadelphia.
holdings or proposed
CO.
Syracuse Rapid Transit
BROKERS.
STOCK AND BOND
Investments receive our special attention.
mation cheerfully furnished regarding
BANKERS,
Members Philadelphia
by
Company.
JOHN H.McQUILLEN A
Hopper & Co.,
Wm. G.
.
American Water Works & Guarantee
Philadelphia Stock Exchange.
Members of
28 South
Tilton,
Ladd &
WATER WORKS BONDS
Guaranteed Principal and Interest
Municipal and Corporation
Capital and Surplus, $2,500,000
Bowker,
&
Audenried
Peb. 2
outside 2Jetu ^Jotrfe.
Hankers and
ROBINSON BROS.,
LOUISVILLE.
ROBINSON
Bankers,
INVESTMENT SECURITIES.
Stock Exchange
PRIVATE WIRE
Members N. Y.
EXCLUSIVE
BROKERS.
AND
BANKERS
BOUGHT AND SOLD
ESTABLISHED 1863
Halsey & Halsey,
Buffalo Securities
&
PITTSBURGH.
LOUISVILLE.
BUFFALO.
DANN
rn
CHRONICLE
THE
1907.)
N.Y. Correspondents:
OFFICE, 111 Broadway
BUFFALO OFFICE, 1000 Elilcott Square
DOMINICK & DOMINICK.
NEW YORK
Wood and Diamond Sts.,
DUNLAP,
L.
JOHN
YORK AND
EXCHANGES
MEMBERS OF NEW
PITTSBURGH STOCK
PITTSBURGH
Established 1880.
LOUISVIIJLh, KY.
MEADOWS, WILLIAMS & CO.,
EXCHANGE
MEMBERS NEW YORK STOCK
DEALERS IN
Member
FALLS AND
BUFFALO, NIAGARA
Broker.
Banker and
INVESTMENT SECURITIES
Street Railway Issues a Specialty
New York
Bankers and Brokers
410 Wood SL,
UoulevUle stock Exchange
Correspondent, MILLER A
CO.
MEMBERS:
YORE, PHILADELPHIA CHICAGO AND
PITTSBURGH STOCK EXCHANGES AND
CHICAGO BOARD OF TRADE.
RICHMOND.
GEORGE R. TELLER,
BUFFALO, N. Y.
Securities
Investment
Local Stocks.
—
BONDS.
Davenport
& Co.,
AND BROKERS,
RICHMOND. VIRGINIA.
Established 1880.
Correspondence solicited and information
nished about Southern State. Municipal and
road Investment Securities.
Reference—Bank of New York, N. B. A.
BONBRIGHT & HIBBARD
C Hew Yevk Stock Exekuc*.
Members i < Rochester Stock Exchange.
IPECIALIST8 ROCHESTER
Dally Lists Mailed on
RICHMOND, VA.,
Macaber* New York Stock Exchange, New York
Cotton Exchange, Chicago Board of Trade.
State and
Trade.
Securities
Rochester
DETROIT, MICH.
W. E.
MOSS & COMPANY
CUMBERLAND
SECURITIES
TELEPHONE STOCK
NASHVILLE, TENN.
Eaiiway
Telephone and Street
Securities.
NASHVILLE,
TENN
-
-
DETROIT. MICH,
FOR
1st
FRIEND
SCHLEY A CO.,
ESTABLISHED 1850
MILWAUKEE,
-
WI8CONS N
-
WILD A CO.,
Bonkers and
Brokers.
HOUSE IN INDIANA
Municipal and Street Railway
Securities—A Specialty
Market St.,
ELLIOTT & SONS,
Investment
Members
American Nat.
Securities
Indianapolis Stock
Bank Bldg.
Exchange
INDIANAPOLIS
NEWTON TODD
TRACTIONS AND
AND BONDS.
Building, Indianapol 8.
LOCAL STOCKS
Fletcher Bank
Co,,
INVESTMENT SECURITIES.
Columbia Bank Bldg:.,
PITTSBURGH.
We Bny and
Hell
INVESTMENT BONDS
(NO STOCKS)
Correspondence Solicited
Municipal and Corporation
Securities Co.
of Pittsburgh. Pa.
L. L. .U’Clelland,
President
Sec. A Trees.
PAID-UP CAPITAL. #200.000
AUGUSTA.
COMPANY.
John W. Dickey,
BROKER,
COMPANY
AUGUSTA, GA.
Hugh MacRae & Co.,
SOUTHERN SECURITIES.
trnrnm
———
■
BANKERS,
Dealer* in Southern
curities ofUvery
Investment Se¬
Description.
WILLIAM E. BUSH,
INVESTMENT
WILMINGTON, N. C.,
SECURITIES,
AND
408 Colorado Building.
AUGUSTA. GA.
CORRESPONDENCE SOLICITED.
Otto Marx &
BANKERS
Co.
BROKERS,
AND
Birmingham, Alabama.
STOCKS
INDIANAPOLIS.
-
&
Stock bxebange.
PERU.
WASHINGTON, D. C.
JOS. T.
Members Pittsburgh
NORFOLK. VA.
INDIANAPOLIS
1*23 E.
Avenue,
PITTSBURGH, PA.
SALE
and.
CORPOUATB
of
340 Fourth
MUNICIPAL
BONDS
CLDEST BON’D
a specialty of all the Securities
great Pittsburgh District.
We make
the
Mtge. 5%% Bonds.
MOTTU &
R. M.
EXCHANGE,
James 8. Kuhn,
URBAN RAILWAY
MILWAUKEE
J. F.
If EMBER PITTSBURGH STOCK
LANDIS BANKING CO.,
Of LIMA.
CHAS.
ROBERT C. HALL,
COULDINC MARR,
Corooration
CHAS. SCHLBY
Pittsburgh Members N. Y. Stock Exchange
SOUTHERN.
BONDS
UnlonTruatBldir.,
Oldest
W. J. Black
Dealer In
BANKERS
Municipal and
BROKERS,
FRICK. BUILDING.
principal trade oentres.
NASHVILLE.
Application.
BANKER
STOCK
Municipal Bonds a Specialty.
Private wires to
SECURITIES
GREENE
Whitney, Stephenson & Co.,
Rail¬
Bankers,
.
Bonds
MYRON W.
fur¬
BRANCH,CABELL & CO.
"
NASHVILLE STREE i EY.
4% to 6%
BataMUlua 1rn.
H. l. Cabkll.
C. W. Branch.
Building,
CCUeat* Beard of
PITTSBURGH, PA.
BANKERS
ROCHESTER, N. Y.
100 Powers
PITTSBURGH
-
NEW
SECURITIES
OTHER LOCAL
Henry Sproul & Co.,
BO±\DS.
AND
ATLANTA
DARWIN G. JONES,
ATLANTA, GA,
SECURITIES,
Steiner Brothers,
BANKERS AND
Birmingham.
•
BROKERS,
.
•
Alabama.
Investment Securities.
LOCAL STOCKS AND BONDS.
NEGOTIATIONS,
LOUISVILLE.
J. J. Be HILLIARD &
SON,
LOU.SVILLE, KY.,
BROKERS.
INVESTMENT BOMBS.
BANKERS AND
A.
Strassburger,
STOCKS AND BONDS BROKER.
Southern Investment Securities.
MONTGOMERY, ALA.
STREET RAILWAY SECURITIES
A Specialty.
Correspondent#, EX.
NORTON A CO„ N. f.
[VOL LXXX1V.
THE CHRONICLE.
vnt
ty&xikcvs and brokers outside Hero ^ork.
ST. LOUIS.
CHICAGO.
CINCINNATI.
Bartlett, Frazier
& Carrington,
WEIL, ROTH & CO.
CINCINNATI.
25
and
Corporation Bonds suit*
STREET
BROAD
NEW
YORK.
CHICAGO.
WESTERN UNION BLDG.
EDWARDS
G.
STOCKS AND BONDS,
410 and 412 Olive Street.
MEMBERS’.
St. Louis.
NEW YORK STOCK EXCHANGE
CHICAGO STOCK EXCHANGE,
able for safe investment.
CHICAGO BOARD OF TRADE.
PRIVATE
71
Broadway, NEW YORK.
WIRES.
( New York
W. E. HUTTON So
CO.,
INVESTMENT BANKERS
A. O. Slaughter
STOCK
Bonds and Stocks of Ohio
139
ISSUE
NEW
Car Co. 5% 1st Mtjp. Bonds
Due July 1. 1930.
Price
St. Louis Merchants
DEALERS IN
Investment Securities.
Exchange.
FRANCIS, BRO.&CO.
EDGAR FRIEDLANDER
AND DEALER
BROKER
214 N. 4th Street,
OHIO.
-
-
amounts of Hi«rh Grade Muni-
cioal
CO.,
8.
WHITE, WAGNER
Members New York Stock
Bonds
Corooration
and
St.
are
Miscellaneous Securities n all Markets
COLUMBUS STOCK
EXCHANGE
be available
DENVER. COL
Exchange,
stock
suitable for the investment
oftrust funds andwould alwavs
MEMBERS
Louis
Exchange.
Chicago Stock Exchange.
yielding from 4% to 5%. which
BONDS
AND
ST. LOUIS.
We have at all times lar?e
COLUMBUS
STOCKS
(
A.O. SLAUGHTER St CO„
MONROE STREET,
102H.
CINCINNATI.
Exchange.
Chicago
Board ot Trade.
Chlca
) St. lit
BROKERS,
New York Stock Exchange,
New York Cotton Exchange.
New York Cotlee Exchange.
New York Produce Exchange.
Chicago Stock Exchange,
Chicago Board oi Trade,
OHIO.
Members!
Barnev & Smith
Dated July 1
Stock Exchange.
Ji Chicago
Cliica
Stock Exchange.
.outs Stock
s
CHICAGO. ILL.
-
-
Jr. & Co.,
Members
Suocesaors to
Companies.
CINCINNATI,
&
SONS,
STOCKS AND BONDS,
GRAIN AND PROVISIONS.
Municipal, County
Dealers in
A.
collateral.
as
Investment Securities.
Cor
resoondence invited.
William E. Sweet & Co.,
Municipal and Corporation
W. B. McKeand &
The Rookerv
Co.,
Chicago.
WHITAKER
&
CO.,
BONDS
SEATTLE. WASH
E.
JOHN
Investment Securities
BUILDING
GROUND FLOOR EQUITABLE
PRICE,
A. G. Becker &
and ( oi poration
BONDS
BANK
STOCKS
COMMERCIAL
PRIVATE WIRES TO
PRINCIPAL MARKET'S
PAPER,
S, W. Cor. Monroe & La Salle
PORTLAND. ORE.
WELLS
PHILADELPHIA
John N. Drummond Jr. &
DICKEY
8l
MINNEAPOLIS,
CO
MINN.
PACIFIC
GEO.
SECURITIES A SPECIALTY
COAST
ST. LOUIS.
MUNICIPAL and CORPORATION
BONDS
Commercial
B
Paper
Co,,
Stocks and Bonds,
N.E. Cor. Fourth and Locust Streets,
BONDS
Municipal and Corporation
ST. LOUIS
300 N. 4th ST.
Sts., Chicago,
MINNEAPOLIS.
MORRIS BROTHERS
PORTLAND
Co.,
(IWCQRPORATKD.)
Banker Sc Broker.
Municipal
Special Attention to St. Louis Securities
LANE,
PRIVATE WIRES.
(
„
New York Stock Exchange.
Louis Stock Exchange.
Members',^
and Investments.
MINNEAPOLIS,
-
KANSAS CITY. MO.
MINN.
-
LOS ANGELES.
CLEVELAND.
CALIFORNIA BONDS
Thornton, McCrtim & Co.,
Kansas
Municipal, School District and Corporation
THEY
THAN
PAY A BETTER RATE OF INTEREST
BONDS OF THE SAME MERIT ISSUED
IN THE EAST
Hayden, Miller & Co.
Investment Securities
Correspond with us
Adams-Phillips Co.
Citizens
dealer:?
K. C. Ry. & Light Securities
Local Bank Stocks
[Kans.& Mo MumcpalBor^s
IN
\
BALTIMORE.
CLEVELAND, O.
Building.
City. Mo.
r
LOS anhkl.es, ca l.
William Wilson & Sons.
Established 1802.
WM. R. STAATS
CO.
CALIFORNIA MUMl Il'AL,
SCHOOL.
AND CORPORATION
MUNICIPAL
PUBLIC FRANCHISE CORPORATION
BONDS
Bought
BONUS
ro
NEL
4
TO
(j PER
CENT
FIELDING
J. STILSON
INVEST;!!ENT
CO.,
SECURITIES,
MF.MHhll LOS ANGELES STOCK
LC J
W
PASADENA
LOS ANGELES
AMCELEs,
EXCHANGE
AND
Sold.
and
J. HAYES &
BOSTON, MASS.
Cl, EVE LAND. OHIO.
Emery. Anderson So Co.,
iMi.snii:vt
Garfield Building
gso\»s.
CLEVELAND, O.
Co.
Established 18o7.
Wilson, Colston & Co.,
Members of Baltimore .Stock
Exchange,
BANKERS,
2115 E.
SONS,
Wilson, Colston
Baltimore* Street, Baltimore.
mid Miscellaneous
Securities
Investment
specialty, aud whole issues handled.
facilities
Bonds.
lor
in
nil classes of Southern
Collateral Securities negotiated.
dealtnu
Loans
Robert
a
Exceptional
on
A.
Fisher St,
Co.,
BANKERS AND BROKERS
227 E. Herman Street, Baltimore
MEMBERS BALT. STOCK EXCHANGE
IX
THE CHRONICLE
1907.J
Pae. 2
peases.
gjetxr ‘IJurfe jStoch Hsrfmttge
BROWN & CO.,
A. O.
Intyre & Co.,
T. A. M
Members of New York and Chicago
Stock Exchanges
New
and
Orleans.
Miscellaneous Securities
in all Markets.
CHICAGO, ILL.
Offices, 516 Fifth Avenue
DelmonlcoS and 305 Broadway
List
Investors
STREET AND 3 BROAD
29 WALL
OF
TABLES
COMPARATIVE
1907—1913
Send
Special Circular No. 12, of
Long and Short Investments
ALLEN, McGBAW & 00.,
York.
EFFINGHAM LAWRENCE & CO.
Exchange.
1
CORNER WALL.
NASSAU STREET
Telephones
TO PRINCIPAL CITIES.
BANK
57
Cr iers
Excha'
RAILROAD BONDS
GUARANTEED STOCKS.
Stock Exchanges.
Bund* executed upon al
f>>r Stacks aim
in thin couuiry
ue«
and Europe.
Especial attention given t*» supplying
INVKS IMKNT SECURITIES
high class
CHARLES FEARON & 00.,
Deposits Subject to Check
Interest Allowed on
& Loeb
& CO.,
N. Y.
Stock Exchange.
Orders Executed for Cash or on
H. Goad by
W.
B1NKKUS AND
Members N. Y.
Orders Executed
Stock Exchange,
for Cash or on
INTEREST ON
Margin.
BALANCES.
Margin
Bank Bldg.,
BANKERS
&
NEW YORK.
Lapsley N.&Y. Co.,
Co.,
COMMISSION MERCHANT*
BON > 8
DOANS
•J. Gr.
BROAD STREET,
YORK
Zachry &. Co.
BANK KR S. 46 \* ail Ht., New
Banking and Stock
Exchange Business.
York
A BANKERS SOLICITED.
INTEREST ALLOWED ON DEP0SIT8.
Private Wires to Cincinnati and Chicago.
500 Filth Ave.
Brunch Office,
R. b. Dodson.
Fahnestock & Co.,
BROKERS AND
INVESTMENT
WALL
DEALERS IN
SECURITIES.
STREET-
B00DY, McLELL AN & CO.
BANKERS,
Broadway, New York City
Nu. 37
Members New
York Stock Exchange
STOCKS, BONDS
and INVESTMENTS,
ORDERS EXECUTED
For Investment or on Margin
43-49 Exchange
Place,
A
-
CO.
NEW YORK
lnvewtlgatlons and Reporti* on Electric
Railway, Dan, Electric Light, and
Power TransiniHHlon Proportion
for Financial Institution*
3
and
Inventor*.
Electric Railways, Electric Light and Electric
Fewer Plants Financed, Designed and Built.
London
Correspondent:
J. G. WHITE A (JO.,
9 Cloak Lane, Cannou
Limited,
St., E. C.
Limited,
Montreal.
Principal
" Edwin p. Campbell
Henry g. Campbell
Campbell & Co.,
H. G.
MEMBERS NEW YORK STOCK
York.
EXCHANGE.
Sold on Com-
Securities Bought and
mission.
Parkinson & Burr,
BROKERS,
7 WALL STREET,
53 STATE STREET.
BOSTON.
NEW YORK.
Members of New York and Boston Stock Exchange*
Private wire between the two offices.
Information given in regard to aU Boston Securitiesr
Philippine Office, ftlavll*,
20 Broad
Street,
Tei KPHONE
furnished.
P. I,
.
.
New York.
N0.8*6 RECTOR
JA8.H. OI.IPHANT
FLOYD W. MUNOY
AlFKwD L. NOKRtS
J. NORRIS OLIPHaNT
Members New York Stock Exchange.
W. R. THUR8TON.
O, J. BRAND,
O. J. BRAND &
Members New York
CO.
Stock Exchange.
74 BROADWAY.
INVESTMENT SECURITIES.
J. S. & R. D. FARLEE,
MEMBER8 NEW YORK
Canadian Correspondents:
CANADIAN WHITE CO.,
STOCK EXCHANGE
BANKERS AND BROKERS,
Engineers, Contractors,
.Memb. N.Y. Stock Ex.
Wm. Fahnestock,
T. J. Mum ford.
2
G. WHITE
MUMBERS NEW YORK
| as. H. Olipbant & Co.,
gwgtiicers.
J.
NEW YORK
Troy N. Y.
18 WALL STREET,
Branch Office.
and o notations
Transact a General
ACCOUNTS OF BANKS
Succensor* to
STOCK
BANK ANI> 'RUST
COMPANY STOCKS
f. Taylor
F. JOHNSON Sc CO.,
11 Wnll Street, New
Wnll HtrePt Nuw York.
SECURITIES
1 3
NEW
R. T. Wilson &
INVESTMENT
Howard
& Co.,
1IKOKEUS,
BROADWAV.
74
NO,
ILt
Hanover
PHILADELPHIA
GRAHAM. TAYLOR 8. CO.
S.
INVESTMENT SECURITIES.
Wilson, Watson & Herbert,
-
Jas. Lorimek Graham
Henry
Wm. Shari* Leggett
41 NEW STREET.
Members
STREET.
> New York Stock Exchange
^ Philadelphia Stock Exchange
.
Philadelpnia Stock Exchanges.
INVESTMENT SECURITIES.
LADD & WOOD,
7 WALL
era
Members of the New York and
R. J. JACOBS
Exchange,
Stock Exchanges.
527 Chestnut Street,
833 Chestnut St.,
Philadelphia
100 Broadway,
New York
Leading
Orders Executed on All
em
NEW YOUR
Members New York Stock
BANKERS,
Newburger, Henderson
Stock Exchange,
-
YORK.
Members N. Y. and Phila.
j. Goodhart & Co.,
BUOABWAY,
CO..
MEMBERS OF NEW YORK STOCK EXCHANGE
Allow interest on deposits subject to sight cheek
Buv and sell on oommission at *cks and bonds, ant',
dead in
NO. 1U WALL STREET,
AND TRUST CO
Members New York
Building.
18 WALL. STREET, NEW
Established 1865.
BANKERS AND BKOK KItS
STOCKS.
P.
Y BANK.
A. M. KIDDER &
JOHN H. DAVIS & CO.,
Specialty of
We Make a
Newport Office: Audrain
N. Y. Stock Exchange.
4255-4266-4257 Rector.
PRIVATE WIRES
of
BANKERS.
STREET
Robert H. SUnpeoa
Exchange
Investment Securities,
BRANCH OFFICE, NldHTA »»A
5‘J7 FIFTH AVENUE.
Members
investment Bankers
Members New York Stock
Transact a General Banking and Stock
Business. We make a specialty
William M. Vanoo.
LINCOLN & COMPANY
Effingham Lawrence •
BROKERS,
BANKERS AND
24 Broad Street. New
18 WALL
BCIL DIN O, NEW YORK
TRINITY
Stanley D. MoGrsw
Aobert JH. Allen.
Book No. 1-C and
for
HARRIM AN & CO.,
STREET
Empire, 63d Street and Broadway
Hotel
Montreal Can.
Erie, Pa.
*
BRANCH OFFICE
Maturing Bonds
WITH
OFFICES
Williamsport. Pa.
Waldorf-Astoria, N. Y. C.
Flatiron Building, N.Y.C.
Wllkesbarre. Pa.
Scranton. Pa.
2 East 44th St., N. Y. C.
Buffalo, N. Y.
St. Louis, Mo.
Cincinnati, O.
Schenectady, N. Y.
Cleveland, O.
Troy, N. Y.
Dayton. O.
Utica, N. Y.
BRANCH
Chas. Fairchild & Co.,
Members N. Y. Stock Exchange
Postal Telegraph Bldg.
Railway Exchange Bldg.
CORRESPONDENCE SOLICITED
Brandi
Trade and
of
Exchange.
DEAL IN
STOCKS, BONDS AND
CITIES
PRIVATE WIRES TO PRINCIPAL
Board
Stock
MISCELLANEOUS SECURITIES
IN ALL MARKETS
Private wires to principal cities.
Tel 5555 Broad.
Direct wire connection Boston,
Chicago,
and Cotton
Stock
York
Chicago
Cleveland
Telephone 3070 John.
Liverpool Cotton Association,
New York Coffee Exchange,
New York Produce Exchange
Chicago Board of Trade
the- New
of
Exchanges,
MEMBERS:
New Vork Stock Exchange.
New York Cotton Exchange
New Orleans Cotton Exchange
BROAD STREET
30
Members
YORK.
Nos. 34-86 WALL ST., NEW
BROADWAV
71
I. HUDSON & CO..
C.
BROKERS ANI)
INVESTMENT
11 WALL
STOCK EXCHANGE.
DEALERS IN
SECURITIES.
STREET, MEW YORK
X
THE CHRONICLE.
VOL. LS'XV.V.
©urtciit B«rrtX Inquiries
Marquette Houghton & Ontonagon 6s
Vicksb. Shreveport & Pacific 6s
N. Y. Susquehanna & West. Gen. 5s
HOUSTON & TEXAS CENTRAL
(Southern Pacific System)
General
Detroit & Toledo Shore Line 4s
Mobile Jackson & Kan.
City 5s
Mortgage 4% Gold Bonds
DUE APRIL
1, 1921
Lexington & Eastern Gen. 5s
Little Falls & Dolgeviile 3s
G. W. Walker & Co.
Augusta Terminal 6s
BANKERS
Gulf & Chicago 5s
Telephone
AND
ALL
STEAM
3945
RAILROAD BONDS DEALT IN BY
25 Broad St.«
New York
llroad
Interest Allowed
F.
J. LISMAN & COMPANY,
NEWBORG &
SPECIALISTS Jfl STEAM RAILROAD SECURITIES
Memter* N. Y. Sioek Exchange
30
BROAD
169 East Jackson
45 NEW STREET,
Members New York stock kxchangh.
Building, PHILADELPHIA
Boulevard, CHICAGO
404 Conr ecticut Mutual
CO.,
44 *fc 46 BROADWAY, N. Y.
STREET, NEW YORK.
Land Title & Tfust Co.
Deposits
on
touilieru Kail war 5% Note*, 1910
American Tel, ATel.5% Notes, 1910
Building, HARTFORD
Ut*ica«r«* A Went Ind. 6% Note*, 1910
Allift-eiialmers
LIB BEY & STRUTHERS
Accurately Quote
Brond Street
and trade at the Market
New York
in
All Short=Time Notes
A
A.
a
LISMAN & CO.,
Jersey 5s
Ext. & Impt. Gs
Central Pacific 3is
Mobile & Birmingham 4s
Santa Fe Prescott & Phoenix 5s
Specialists in Uncurrent issues.
Tel. 5950-1-2 Broad.
25 Broad St.
Easton &
PROCTER
BORDEN
&
Equitable Buildinq,
Deal in Bonds, Stocks and Investment
Securities and transact an arbitrage
business with the principal European
stock markets.
,
Central Ill?, ol New
Noifolk & West.
Amboy 5s
Mutual Fuel Gas
New Ycrk.
Buffalo &
( MJSg i
Telephone*
'28-1 > Broad.
(4330)
9-yenr 5% < «*>!<! Xot os
iTioo to not hotter than
Actual Notes
BANKERS
G%
FIRST
ready lor delivery
now
WAN I
Commercial Cable Bonds
WANTED:
Short=Time Canadian Provincial
Bonds
Hartah or ne, Boge rt & Battelle,
VAUGHAN,
AND
MORTGAGE
BROAD
STREET.
on-FR
Mononga liela River
-
os,
1919
*
YORE
SAUNDERS & JONES
.
Connecticut Traction Bonds
.
I
Chicago & Western Indiana
Southern Railway
American Teleph. & Telegraph
35 WALL
ST.,
-
-
R.h< ades
&
Company,
7 Wall St., Corner New
St.f
NEW YORK.
NEW YORK
COMPANY,
Telephone 1 l.'J5 Rector.
BONDS
?'
If
&
Mciureal, Canada,
Telephone No. P480-1-8 Broad
NOTES
(’lev. Lorain A: Wheeling < k n os, 1999
St. Louis Iron Mt A South.. Is. 1929
Nash. (’hat. & St. Louis 7s, 1919
New York A: Jeisey R.R. 5s, 1992
COFFIN
160 St. James Street,
GOLD
NEW
-
South Side El. of ('Ido. llos.1924'
P. C. ('. & St. Louis I i 2s,T‘M()
Duluth So. Sl)ore <k. A11. os. 1997
P. A R. Del. Hiv r derm. 5s. 1942
York Stock Fxchaue.
?5 Broad Steet,
Near York.
BROKERS
Gas Bonds
20
"NBWROSB."
5s, 1947
Susquehanna 4.4s
BAKER &
Cable Address:
<
Member* N.*\v
SOUTHERN RAILWAY
5s, 1936
;i I l*lne Htreet, New York.
Tel. 0 • OO- ' -2-rt- • -5 .1«!»»».
New York Central Debenture -Is
Atch. Topeka t'i. Santa IV Adj. Is
Virginia Midland (h urra! 5s
BONDS
AND
UNLISTED
ALL
Manhattan Rv. 4.Lake Shorn I Vbrnl
MARKETABLE
SECURITIES.
ur<*
New Orleans Tcnnirr.il
SOUTHERN RY. NOTES
Is
Is
BECKER & STERLING, W.E.R. SMITH & CO.,
Tel. 085-980-087
Rector.
Cable Add. ''Reck*fer,”
20 Broad street
-
-
18 Wall St.. New York
HUDSON COMPANIES PREF.
NEW YORK CITY STOCK
New York.
Wadsworth &
Members New York Stock
BAKER, AYLING
&
COMPANY
Investment Bonds
I and
Title
Building
PHILADELPHIA
50
Congress
Street
BOSTOX
2 Wall Street.
Exchange
NEW YORK.
Buffalo & Susquehanna. 4& 4s
Toledo Traction 1st 5s, 1909
York Haven, Pa., W. & P. 1st 5s, 1951
Beaver & Ell.(Pitts.& L.E.) 1st 4s. T9
City of Bayonne 434s> 1911
M.
DESCRIPTIVE CIRCULARS SENT ON APPLICATION
Wright,
Cable
WOLFF,
Add. “MOWOLF" 27 William St., N Y
Phones: G557-0558-6559 Broad
Fee. 2 1907. |
XI
THE CHRONICLE
gout! Inquiries.
5620198—Choemnsta.pke
(Cu event
BROOKS
SCRANTON
4% 15-25 Year Cold Loan of 1906
i Northeastern Pennsylvania
Correspondents: Edward B. Smith St Co
Members N.V.and Pbila. Stock Exchanges
BANKERS
Sutton, Strother & Co.,
104 SOUTH CULVERT
ST.,
IIALTWOftB, RED.
Austin, Texas 4s and 5s
Hudson River Electric Co. 5s
Hudson River Water Power Co. 5s
Marshfield, Wis., Os
St. Louis & No.Arkansas RR. Sec.
CO.,
nn§lon.
-
To Yield
5% Bonds.
4.85%
PATERSON &
BANKERS
RICHMOND, VA.
NASSAU
5
From time to time we make studies of railroad
and Industrial properties for the benefit of our
clients.
We will upon application send our circulars on
the following properties.
BONDS
Y.
selected
carefully
for
conservative
TO
NET
434%
investment
5!4%.
to
BONDS.
GRADE
NEW YORK.
NET
MORTGAGE 5% RAILROAD. GAR
WATER BOND8, AT PRICES V»
8H
TO 5M%.
List
&
CO.,
BOSTON. MAS8.
PINE
STREET,
TELEPHONE
NEW
YORK.
237 JOHN.
S. C. HENNING &
WANTED:
Richmond Pass. & Pow.Co. 5s or ctfs.
DENNING
*
MEMBERS NEW YORK STO( K
BOND
H. P-
EXCHANGE.
Ry. & Light Securities
Springfield Ry. & Light Securities
&
MAGOFFIN
HOUSE OF
Taylor & Company,
•J48 Fourth Avenue, PITT.MHJ UUU
New Orleans
1919
Corporation Bonds and Stocks
Exclusively.”
Tel. 37S5-37S3 Rector
20 New St., N.Y.City
International Traction of Buffalo and
other Traction Securities
Public Service
Connecticut Railway
& Lighting Co.
Securities
Second Avenue Cons. 5s
Duluth A Iron Range 1st 5s
We
Will
Buy
Philadelphia Company Of Pittsburg
UNDERLYING SECURITIES;
Consolidated Gas of New Jersey 5s
Wilkesb. & Haz.RR.Co, Bonds & Stk
E. I. Dupont de Nemours Powder Co.
Preferred & Com. Stocks.
Harrisburg (Pa.) Gas Co. 1st 5s.
Metropolitan Elevated (is
Westchester Lighting 5s
W. A.
5s
Telephoned 50J
WILLIAMSON,
hn
GEO. P. B1SSELL,
55 William Strret
Philadelphia. Fa.
118 South Fourth St.
C. L. PARMELEE & CO.,
A, E. Philbrick
20 Broad
J. Willet Hall
St.
N
Y.
E. Tworger
PHILBRICK & HALL
HANKERS & BROKERS
Members New York
VS5
Uioml *i.. bi. Y.
Stoek Exchange
Tel. 4301-8 Broad
HIGH-GRADE BONDS,
Stocks and
Inactive
WANTED
U. S. Steel 1st 5s, 1951
International Silver prefered
International Silver common
St. L. Mem. & So. East,
FOR SALE
Intermit. Silver Debenture
6s, 1933
FREDERIC H. HATCH,
Dealer In Undated Securities of
Railroads and other
Corporations in the United States and elsewhere
TeL 1116 Broad.
30 Broad
Ft.
Securities
Notes
Elgin Aurora <fc So. Trac. 5s
St. Liuis tfc S. Fran. 4J^s, 1908
<’in. Ind. & West. 4s, 1958
Atlantic & Danville 4s
LEONARD SNIDER,
Tel. 1620 Rector.
St. New York
Members N. Y. Stock Exchange.
66 BROADWAY
INVESTMENT SECURITIES
E. C. Stanwood Sc Co.
BANKERS.
96 MILK STREET
Rosen, Stillman & Co.,
Tel. 4540 John
1909
Wayne & Wabash Willey 5s, 1934
.
Cnion Steel 5s
London rnderground
Pine Street. New York City
,
49 WAI L ST., NEW Y4>KK.
CO.,
Louisville.
New York.
LEONARD F. HEPBURN, Broker
Rector
Application.
Jester & Co.,
Milwaukee Electric Ry. & Lt. 5s, 1926
Milwaukee Lt. lit & Traction 5s, 1929
Milwaukee Gas Lt. First 4s. 1927
Milwaukee Elect. Ry. & Lt. Pfd. Stock
St. Paul City Cable First Cons. 5s, 1957
Minn. Lyndale & Minuet. First Cons. 5s.
Kansas City (Mo.) Gas 5s, 1922
Tel. 910-1
upon
Jersey City 6s, April, 1916
MASON
Tol.«k Ohio Central 1st
THE BOURSE.
PHILADELPHIA.
BROADWAY
Ill
Dealers in Enlisted Inactive Stocks and Bonds
“
& CO.
BANKERS.
FIRST
New VorK
Street,
HIGH
Gunnison County Colo. 4s
.
INVESTMENT
A. N. CHANDLER
BONOS of Public Service Cor¬
20 Pin©
N
FOw
Speclalietn In
AND
American Writing Paper 5s & Stocks
LewDt. Bruns. & Bath St.Ry.5s & Sk.
5 t Stilt** Kt
j ^23? Rector
Bickmore & Co.,
BANKERS
Austin, Texas, 4s & 5s
W.
YORK,
Northeastern Pennsylvania Securities
Swift A Co. 5s
F.
ST,, NEW
Telephones
& Ohio
B. & O., C. & O. and N. & W
C. & O. and N. & W.
& Ohio Dividend
CO.,
20 Broad St.
Tel. 1985-6 Rector.
MECARCEL & CO.
Bankers & urokers
porations
WESTCHESTER LIGHTING CO.
First Mortgage
SCOTT & STRINGFELLOW
A. H.
Specialists in Inactive Bonds,
27 SiHle *ireet
1906 Manual of Northeastern Pennsylvania
Securities, Now Out. Mailed free on Request
Our
PHILADELPHIA
of Ga. Income Bonds.
Members of Baltimore Stock Exchange.
H. C. SPILLER &
Investment
Securities
BROAD STREET, NEW YORK
WE OFPER:
PA-
-
HIGH GRADE BONDS
Pfaelzer & Co.
CiCity of Greensboro, N. C., 4s, 1954
ty of Mobile. Ala., 4)^s, 1959
Somerset Car Trusts.Tax Free in Pennsylvania
Poughkeepsie Light, Heat & Power Co. 5s, 192j
Colorado Springs & Cripple Creek 1st 5s, 1950
-
-
DEALERS IN
DEALT IN BT
25
CO.,
BANKERS,
Pennsylvania Company
BOSTON
&
BOSTON
[VOL. LXXX V,
THE CHRONICLE
XI1
Jfmancml.
financial.
CASuRPLU8D $11,000,000
Title guarantee
Liverpool
The
176 Broadway, New York.
175 Remsen Street, Brooklyn.
London
and
Globe
and
COMPANY
and TRUST
198 Montague Street,
Examines &
Loans
'
Brooklyn Banking Dept.
guarantee* Real Estate
Money on Hand and Mortgage.
Eurnishes Mortgages
Receives
to Investors.
Deposit* subject to cheek,
Interest.
Does all Trust Company
COMPANY
STOCK
A
United States Branch—Statement
59th Annual Statement
Dec. 31, 1906
business.
In Charge of Bank in. j Interests.
BDWARD T. BEDFORD.
CLARENCE U. KELSEY.
EDGAR L. MAK8TON.
WILLIAM 11. NICHOLS.
JAMES H OLIPHANT.
CHARLES A. PEABODY.
JACOB H.SCHIFF.
JAMES SPEYER
EDWARD O EjTANLEY
$1,851,697 28
900,752 50
Real estate
four per cent bonds
City bonds and railroad stocks and bonds
Bond and mortgage
Bank balances and all other assets...:
United States Government
3,578,720 00
2,962,950 00
State and
3,041,841 68
CLARENCE H. KELSBY Preaident.
FRANK BAILEY, Vice-Prertfent.
HOWARD O. STANLEY Second Vice-President.
Manager Fan*. 4 Department.
ICK, Third Vico-President,
WRAY'CLEVELAND, Secretary.
ARTHUR TeRRY, Treasurer
CLINTON D. BUR
J.
$12,335,961 46
Total assets
Unearned
allowing
FINANCE COMMITTEE.
Company.
Insurance
Titles,
7,712,310 00 FRANK L. SN1FFEN, Manager Brooklyn Banking
$4,623,651 46 it. A. Lancaster & Sons
premiums and all other liabilities
Department.
Surplus
BANKERS,
FIRE LOSSES PAID, SAN
FRANCISCO CONFLAGRATION,
NO
$4,522,905
10 WALL. STREET.
NEW YORK.
DEALERS IN
DIRECTORS
CHARLES
JOHN CROSBY
W.
NEW'
Resident Manager
JOHN
J.
Southern ScciiriUe« a
JOHN A. STEWART,
EDMUND D. RANDOLPH,
OEOROE W. HOYT, Deputy Manager’
BROWN,
EATON,
INVESTMENT and MISCELLANEOUS
SECURITIES.
YORK.
MARSHALL, Chairman.
H.
HUBBARD,
WALTER C.
HENRY
IN
MARTIN,
Specialty.
BEADLE & MAXWELL
Gas and Electric
Agency Superintendent.
ENGINEERS
NEW YORK
82 Heaver St.,
THE NEW Y0RI TRUST
26
COMPANY
BROAD STREET
Examinations and Reports
William R Compton
Bond & Mortgage Co.
MACON. DllSSoLUl.
(Established In 1889)
MISSOURI MUNICIPAL BONDS—
Surplus and Profits, $10,941,994.
Capital $3,000,000.
School, City, County and Drainage
gives a wide selection^of
attractive issues in sizes of
$2,000 to $100,000.
Opinion Chicago counsel, full legal
Our
list
many
OTTO T.
WILLARD
V.
KINO,
ALEX. 8. WEBB
MORTIMER N.
JR
...
BAKIXARO, President.
FREDERICK
\ Vice-Presidents.
J. HORNE, Secretary.
HERBERT W. MORSE, xst Asst. Secretary
f
BUCKNER, Treasurer
ARTHUR S. QIBBS, ad
Asst. Sec.etary.
T1IU>TEKS,
Otto T.
Chas. W. Harkneas,
Bannard,
8. Reading Bertron,
James N. Hill,
|amen A. Blair,
Robert W. deForest,
fobs B. Dennis,
Elbert H. Gary,
oseph P. Grace,
F. N. Hoffstot,
Arthur Curtiss
Gordon
Macdonald,
John J. Mitchell,
fames Farmelee,
J ames,
B. Jennings,
Frederic
Walter Jennings,
Ge-.geW, Perkins,
Joh n S. Phipps,
E. Parrnalee
Chauncey Keep,
Woodbury Langdca,
Edmund D.
Norman B.
Prentice,
Randolph
B. Aymar Sands,
Joseph J. Slocum,
John W. SterUng,
James Stillman,
Krnst Thalmeno,
Myle*» Tiernev.
Valentine,
P. A.
papers
We buy
furnished
direct and handle nothing
on brokerage
Close buying, large volume and small
profit make our offerings attractive
Send for latest circular
New York. Chicago, St.
Kansas City references
WILLIAM
R.
Louis and
President.
Building
COMPTON,
4 Wardell
Ream,
NOW
READY.
HAND-BOOK
OF
GUNN, RICHARDS & CO.
Railroad Securities
(Issued Semi-Annually by the Publishers
of the
Commercial a Financial Chronicle.)
PUBLIC
ACCOUNTANTS
JANUARY EDITION.
43
EXCHANGE
PLACE, NEW YORK CITY
TERMS
Price of Single Copies,
To Subscriber* of the
-
To Bankers and Brokers, In
wii h their cards
Also at CHICAGO—First National Bank
Building.
BOSTON—50 Congress Street,
MONTBEAL—Bank of Ottawa Building.
cover, at
-
Chronicle,
-
81 OO
73
quantities,
lettered In gilt on the
social rates.
Commercial & Financial Chronicle,
Pine Street, cor. Pearl
New York
Feb. 2
XIII
THE CHRONICLE
1907.]
ffitituicbtl.
ffttmuxtaL
of London, L’t’d.,
The Union Discount Co.
A* B. Leach & Co♦»
39
CORNHILL, LONDON. E. C.
Cable n(1 (Irena.
BANKERS,
149 Broadway,
28 State
421
Cbeilunt
Oapital Subscribed,
150,000 Shares of $50 each, on
In
NEW TORI
140 Dearborn St.,
Paid up,
Reserve
CHICAGO
$7,500,000.
which $25 have been paid.
.......
Fund,
.....
Number of
Shareholders 2,732
Henry Oppenheim.
Manager.
CHRISTOPHER R.
E. C.
New Orleans
-
Mortgage &>
Company
STEVENSON.
$3,030,431 73
Capital Account,
To
150,000 Shares
Of $50
$7.500
Denier** In
,000 00
paid,
$25 per ShareReserve Fund
$3,750,000 00
2,200,000 00
Provident Re¬
serve Fund.
and De¬
215,889 12
the promise of
75
37
1,181.444 62
$116,121,872 86
$116,121 .872 86
5% Internal Bonds
Profit and Loss Account for
Dr.
By Balance
including Salaries,
Rent and Taxes.
Dlrectors’Fees.and
all other charges.
Rebate of Interest
“
on
Bills
Cr.
the
Six Months ending 31st Dec., 1906.
$5=£1.
Expenses,
To Current
“
$89,289 73
-
STEPHENS & CO.,
335,086 81
and Furniture
108.774,539 12
propriation
PER ANNUM
8.239 23
Rebate on Bills
Discounted
Balance atCredlt
of Protit and
Loss for Ap¬
REPUBLIC OF CUBA
Payable in U. S. Gold Coin
14,089,974 12
Sundry Debit Balances
Freehold and Leasehold Prem¬
ises, Fittings
for contingen¬
78,207,549
cies
Bills Re-dlsc’t’d 30,566,989
11,836,918 79
86,621,222 18
posits, Includ¬
ing provision
greatest industrial advancement
T. W.
Bonds,
Exchequer
Consols,
Government
and
Indian
other Securities
Loans on Securities at call and
short dates, and other Ac-
Loans
Southern Municipal Securities
and Real Estate Loans
YIELDINO OVER 5%
Cr
DEC., 1906.
$5=£l.
$600,000
The South to-day presents
Secretary.
W. B. HOBBS.
JACKSON.
BALANCE SHEET, 31ST
Amount
the
F. NEVILL
Dr
NEW ORLEANS, LA.
CAPITAL PAID IN,
NUGENT.
Assistant Sub-Manager.
Sub-Manager.
213 CAMP ST.,
2,250,000
Arthur John Fraser.
Sir Thomas Jackson, Bart.
Robert Balfour, M. P.
William Thomas Brand.
Sir William Dunn, Bart.
1M1ILADELPHIA
Real Estate,
Securities
$3,750,00C__
DIRECTORS.
St., BOSTON
St.,
"UD18CO, LONDON "
brought forward from
30th June, 1906
Gross Profits for the half-year,
after making provision for bad
and doubtful debts
$260,030 35
1,010,704 00
discounted
due, carried
forward to
New
not
2 Wall
Street, New York.
BALTIMORE
Oonttnentul Building.
„
CHICAGO
“
“
ltit Nat. Baab Bldg.
Account
Reserve Fund
654,229 58
$50,000 00
Dividend for the halfyear at the rate of
11 per cent per an¬
num,
come
“
free
Tax
of In¬
Balance carried
ward to next
count
for¬
Ac¬
206,250 00
270,965 04
OF PRICES
RANGE
1 8 8"2 —1
B.
Secretary.
a
9 05.
FINANCIAL REVIEW
monthly range of Stock and Bond
five yearn.
We can supply
1887
1892
1896
“
1901
“
1906
Prices
issue,which gives 1882-1886
tc
1887-1891
u
it
1891-1895
t
ft
1896-1900
u
tf
1901-1905
“
*
Some earlier issues may
applica¬
1907.
You Wouldn’t Start a Horse-Car Line
age of electric cars?
Not if you wanted to make money out of the business
in this
of transportation.
Then why should you
start a manual telephone exchange in this age of auto¬
matics, if you want to make money out of the telephone business?
The automatic system of telephony bears the same relation to the manual
system that the electric car does to the horse car
Tt is the apotheosis
phone development, as the electric car is of transportation development.
of tele-*
economcially
than indifferent service can be produced with manual equipment.
There is
more question as to the relative popularity of the automatic and
manual telephone service where the two kinds are in competition than there ia
to the relative popularity of the trolley car and the horse car.
And, as for the securities—the same comparison may be applied with the sam
The automatic
telephone system produces
the best service more
as
COPY.
be had at $5 a
copy.
Chronicle
PINE STREET, NEW YORK
Commercial & Financial
1
j Directors.
no
PRICE $2 PER
76H
$270,95 040
approved Bank and Mercantile Acceptances, receives Money on Deposl*
approved Negotiable Securities at rates which can be ascertained on
Purchases and .Sales of Government Stocks, Shares and other Securit
The Company discounts
and grants Loans on
tion at the Office, and effects
ties on the usual terms.
OUR ANNUAL
Gives
brought dowa
R. BALFOUR,
ARTHUR J. FRASER,
HOBBS,
LONDON, E. C.. 7th January,
THE
Balance
$1,270,734 35
W.
FOR 24 YEAR8.
$1,270,734 35
527,215 04
results.
Our Automatic system has been adopted
Columbus, Qa.
Aberdeen. 8. D.
Dayton. Ohio.
Akron, Ohio.
El Paso. Texas.
Albuquerque. N. M
Fall River, Maas.
Allentown. Pa.
Ferguson, Mo.
Aubnm. Maine.
Grand Rapids, Mleb
Auburn, N. Y.
Hastings, Neb.
Battle Greek, Mloh.
Havana. Cuba.
Belling ham. Wash.
Hasleton, Pa.
Berlin, Germany.
Buxton, Iowa.
Cadillac. Mich.
Champaign, ID.
Chicago, Ill
Clayton, Mo.
Ciebarne. Texas
Columbus. #hlo
Hopkinsville. Ky.
Joneaboro, Ark.
Lake Benton, Minn.
Lewiston. Me.
Lincoln. Neb.
Angeles, Cal.
Manchester, Iowa
Loa
In
tba following
dtie
Marlanao, Cuba
Marlon, Ind
Medford. Wis.
Mlamlsburg, Ohio
Mount Olive. HI
New Bedford, Mass
Oakland. Cal
Ocean Park. Cal
j
Pentwater. Mich
Portland. Me
Portland, Ore
Princeton N J
Richmond Ind
Riverside. Cal
San Diego, Ca
San Francisco, Cal
Santa Monica Cal
Sioux City, Iowa.
South Bend, led.
Spokane. Wash.
Springfield. Mo.
St. Mary’s Ohio.
Tacoma. Wash.
Toronto Junction, Canada,
Traverse City. Mich
Urbana. III.
Van Wert. Ohio.
Walla Walla, Wat
Watch Hill, R. I.
Wausau, Wis.
Westerly, R. I.
Wilmington, Del.
Woodstock. N.B.. Canada,
CO.,
AUTOMATIC ELECTRIC CHICAGO,
Van Buren and
Morgan Streets
U.S. A.
THE CHRONICLE
XIV
iYol.
XitumcixL
ffitiaticial.
National Discount
Company, Limited,
CORNHILL, LONDON. ENGLAND.
35
Cable Address:
STATE BANK OF CHICAQO
January 28, 1907,
NATDIS, LONDON.
As made to State Auditor.
SUBSCRIBED CAPITAL, $21,166,625
Paid-up Capital,
$4,233,325
2,000,000
.......
Reserve Fund,
In
169,333 shares of $123 each, of which 523 has been paid up.
RESOURCES.
Number of proprietors, 3,307
Frederick Leverton Harris,
Frederick William
John Francis Ogilvy,
Sigismund Ferdinand Mendl,
$18,587,801 97
Capital Stock
Surplus
Manager.
PHILIP HAROLD WADE.
Assistant Sub-Manager.
WILLIAMS.
Secretary.
CHARLES WOOLLEY.
FRANCIS GOLDSCHMIDT.
Bankers.
BANK
THE
UNION
OF
AND
SMITHS
$1,000,000
800 ,000
164,482
100
16,623,219
Undivided Profits
Dividends
Unpaid
Deposits
ENGLAND.
OF
LONDON
Dr.
$5—£1
“
Deposits
and
$4,233,325
2,000 ,U00
Balances
Bills Re-discounted
Rebate
Amount at Credit of
Prolit and Loss Ac¬
“
“
“
JOHN H. DWIGHT, Vice-President.
Corpora¬
JOHN R. LINDGREN, Cashier.
$9,383,231
Other Securities, includ¬
ing short-dated Colo¬
nial Bonds..
1,749,121
FRANK I. PACKARD, Ass't Cashier.
HENRY S. HENSCHEN, Ass’t Cashier.
11,132,372
count
Loans at call, short and
fixed dates
Bills Discounted
Interest due on Invest¬
ments and Loans, and
205,284
OFFICERS.
H. A. HAUGAN, President.
curities, lncludlngClty
of London
tion Bonds
60,019,997
17,571 ,717
482,521
..
“
$941,729
Securities — British and
Indian Government,
and other Trustee Se¬
Sundry
9,590,025
62,081 ,023
HENRY A. HAUGAN, Ass't Cashier.
SAMUEL E. KNECIIT, Secretary.
WILLIAM C. MILLER, Ass’t Sec’y.
Sundry Balances
274,695
553,000
Freehold Premises
Active and
$84,572,844
S84.572.844
reserve
$5=.£1
"
Remuneration,
Salaries,
Income tax, and all other
charges
Rebate of
Interest
on
June. 1906
Gross Prolits during the half-year...
$54,497
760,668
JOHN F. HA HR IS.
)
H. R. winthrop,
>
T. E. CUNNINGhAM )
j. a.
General Partners
ripley,
Special Partner
$67,360
Bills
Harris,Winthrop& Co.
due, carried to New
Account
482,521
Six Months’ Dividend at the
rate of Ten per Cent per
annum .free of Income Tax $211,666
Balance carried forward to
not
V
and promptness.
Cr.
By Balance brought forward from 30th
“
care
bankers
Collections handled
Dec., 1906.
Sterling.
To Current expenses, including
Directors’ and Auditors’
accounts of banks and
respectfully solicited.
with
Profit and Loss Account for the Half-Tear ending 31st
Dr.
00
24
Cr.
By Cash at Bankers
$25 per share
Reserve Fund
“
73
$18,587,801 97
Sterling.
Capital paid-up, viz.:
“
00
00
BANK, LIMITED.
BALANCE SHEET, 31ST DEC., 1906.
To Subscribed Capital
$21,166,025
viz., 169,333 shares ======
of $123 each.
5,256,414 97
LIABILITIES.
Charles David Seligman.
W.
2,306 85
976,754 03
Cash and Due from Banks
Lawrence Edlmann Chalmers,
Friedrich C. K. Fleischmann,
Sub-Manager.
$12,352,266 12
”
Bonds
Edmund Theodore Doxat, Chairman.
W. Murray Guthrie, Deputy Chairman.
WATKIN
Loans and Discounts
Overdrafts
DIRECTORS.
Green,
lxxxiv,
next account
Stocks, Bonds and Grain
MEMBERS
53,618 265,284
New York Stock
$815,165
$815,165
In accordance with the provisions of the Companies Act, 1900, we certify that all our require¬
as Auditors have been complied with.
We have examined the Securities representing Investments of the Company, those held against
Loans at call, short and fixed dates, and all bills discounted in hand.
We have also proved the Cash
Balances, and verified the Securities and Bills in the hands of Depositors.
The foregoing Accounts
agree with the Books, and we are of opinion that the Balance Sheet is properly drawn up so as to
exhibit a true and correct view of the state of the Company’s affairs as shown by the Books of the
Company, except that It docs not state the amount of Investments and Bills placed as security against
ments
Exchange
Chicago Board of Tra4e
Chicago Stock Exchange
25 Pine Street
240 La Salle Street
NEW YORK
PRIVATE
CHICAGO
WIRES
Deposits.
J.
35
GURNEY
FOWLER. F.C.A.,
I
(Price, Waterhouse & Co.)
\ Auditors.
W.
FRANCIS
PIXLEY, F.C.A.,
(Jakcson, Pixley, Browning, Husey & Co.)J
CORNHILL, 4th .January, 1907.
Kissel, Kinnicutt & Co.
1 Nassau
Foreign and l>omestio
m Equitable
TRUST COMPANY
BANKERS
BILLS OF EXCHANGE
CABLE TRANSFERS
COLLECTIONS MADE ON ALL EUROPEAN
POINTS
OF
NASSAU
15
STREET
Capital $3,000,000
INVESTMENT SECURITIES
Surplus $10,000,000
ALVIN
W.
KRECH.
President.
LAWRENCE L. GILLESPIE, Vice-President.
FREDERICK
LYMAN RHOADES JR., Assis
HUGH
Secretary.
M.
VV.
WAL
FULLE.
R,
Sec.
and
Assistant
Treas
F.
Adams 2d
John
C
B.
Alexander
Frederick
W.
Lawrence
L.
M.
Alexander
Hugo Baring
b.
F.
T.
R. Coudert
Paul
W.
T.
D.
H.
Cravath
Crocker
DeWitt Cuyler
William
A.
F.
H.
Hubbard
Bradish Johnson
Otto
H.
Kahn
Alvin
W.
Force
L.
F.
D.
H.
M.
Paul
FuIIe
Gillespie
Harriman
H.
Day
Henry C. Deming
Hartley Dodge
Dryden
Krech
Moffat
Morton
Ralph
Peters
WEBB
Treasurer.
INVESTMENT
TRUSTEES.
C.
H.
Street, cor. Wall, New York.
Winslow
H.
H.
S.
CO.,
SECURITIES.
Pierce
Porter
Henry S.
&
74 BROADWAY, NEW YORK
Redmond
Lyman Rhoades Jr.
J. Henry Smith
V. P. Snyder
EUROPE IN AUTOMOBILE
Gage E. Tarbell
Sir William C.
H.
M.
George
Henry
Van
Horne
W’alker
T.
Wilson
Rogers
Winthrop
A Tour for Business Men's Families
Few vacancies lor desirable people tn small
private party.
Apply for particulars to
CAMILLE THURWANOER, N. E. Conservatory
BOSTON. MASS.
Feb. 2
XV
THE CHRONICLE-
1907j
Uauh statements.
THE FIRST NATIONAL
BANK OF CHICAGO
HE NORTHERN TRUST
COMPANY=BANK
Statement of
condition a
close of business January 26, 1907.
LIABILITIES.
ASSETS.
Northwest
Loans and discounts
$05,813,025 90
United States bonds (par value)
2,107,000 00
Bonds to secure l\ S. deposits other
than U. S. bonds......
2.074.000 00
Other bonds and stocks (market value).
5.594,243 22
National Safe Deposit Co. Stuck (bank
La Salle and Monroe Streets,
corner
CHICAGO.
.....
business’
of
of condition
at commencement
January 28th, 1907.
Report
building)
Demand Loans
on
>>50,000 00
400,000 00
Building
on
208,929 85
4,256 00
unpaid
103,656.071 32
CHARLES N. Gil.LETT, Cashier.
CHICAGO
4,079,703 92
7,s13,547 40
Condensed statement of condition at close
of business January 26, 1907.
LIABILITIES
ASSETS.
S32,087,689 13
Total
Bonds
$10,252,836 88
Time loans on collateral
13.173,599 50
Demand loans on collateral $7,055,106 ON
Cash and exchange
7.948,613 30
15.003,719 3S
LIABILITIES.
SI ,500,000 00
1,000,000 00
Capital Stock
Surplus Fund
Undivided Profits
719,514 88
Dividends Unpaid
30 00
Capital
Surplus and undivided profits...
Time deposits
$25,766,796
714,519 84
95
9.948.838 97
Demand deposits
—
35,715,035 92
$38,430,155 76
$38,430,155 76
JAMES B. FORGAN,
$2 000.000 00
E. K. BOISOT, Vice-President.
President.
70,044 07
Interest Reserved
8277,779 59
Cashier’s Checks
Certified
2.097,200 00
151,055 51
....
Savings Bank
First Trust
S3,524,853 03
Hand
_
President.
HOWARD H. HITCHCOCK, Vice-President.
$123,162,056 74
S23.024.141 73
Cash
.
.
$123,162,056 74
46.323,687 62
Bank Premises, Ground
Checks for Clearings.
..
J. B. FORGAN,
104 S15 00
Due from Banks
.
Special deposit-of U. S. bonds
Special deposit of other bonds
Circulation notes received from Comp¬
Deposits
225,350 00
Treasurer
7,142,553 01
Stocks...:
6.000.000 00
787.317 50
•190,156 41
552,000 00
1.424,000 00
...
Security 7,421 ,343 02
Bonds
$8,000,000 00
.
.
Other undivided profits .'
Discount collected but not earned...
Dividends
Checks lor clearing house -3.483,121 78
Cash on hand .....
19,976,422 77
Due from United States
$8,295,429 50
..
.
Reserved for taxes
...'$22,638.793 07
exchange)
..
.
troller
CASH RESOURCES —
Due from banks (Eastern
RESOURCES:
Time Loans on Security.
1.250,100 00
..
Capital stock paid in
Surplus fund
338,044 82
00,205 23
Checks
ILLINOIS TRUST & SAVINGS BANK
$15,487,262 15
12,960,793 21
Demand Deposits
Time Deposits.
28,454,055 30
CHICAGO
..$32,087,689 13
Total
Statement January 28,
OFFICERS.
1907
BYRON L. SMITH, President.
L.
F.
RESOURCES
HANKEY, Vice-President.
SOLOMON A. SMITH. 2d Vice-President.
THOMASC. KING, Cashier.
ROBERT McLEOD, Asst. Cashier.
G. J. MILLER, Asst. Cashier.
'
Secretary. “
Auditor.
Collaterals
on
DIRECTORS.
BARTLETT,
61,696 33
Bonds and Stocks
13,341,777 14
Cash and
18,608,238 16
Exchange
$103,353,382 52
CIIAS. L. HUTCHINSON,
MARTIN A. RYERSON.
LIABILITIES
ALBERT A. SPRAGUE,
$4,500,000 00
Capital Stock paid in
SOLOMON A. SMITH.
BYRON L. SMITH.
Thomas L. Manson & Go.,
71
$71,341,670 90
934,782 87
Real Estate
MARVIN HUG HITT,
M«otb«ra ©f
Surplus Fund
6,000,000 00
Undivided Profits
1,122,045 04
Demand
Time
Deposits
326,684,013 12
66,147,324 36
_
Deposits
,
N.Y.and Boston Stock Exchaag©
Broadway,
-
91,731,337 48
$103,353,382 52
NEW YORK
Tel. 350© Rector
Private Wires to Boston. Hartford,
Pm ndelphta
Ntw Haven and
Jones, Caesar, Did rinson,Wilm ot & Co.
Certified
HODENPYL, WAL6RI0GE & GO.,
7 Wall
Public Accountants.
(Illinois)
St., New York.
Railroad, Street Ry., Gas & Elec.
NEW
Light
YORK
54 WILLIAM
STREET
'
SECURITIES.
THE
SOUTH.
Opportunities, Investment
Securities, Real Estate, Timber, Mines,
Industrial Properties, Farm or Town
Mortgages in all parts of the South.
Business
METROPOLITAN INVESTMENT CO.,
GEO. B. EDWARDS,
President. Charleston, S. C.,
Commercial and Financial Agent.
Business undertaken
in all parts of the world.
Satisfactory references.
i
49,780,300 39
WILLIAM A. FULLER.
ERNEST A. HAM ILL.
STOCK BKOKEHS
Ar ?
X
Real Estate
EDWARD C. JARVIS,
A. C.
Time Loans
Loans
ARTHUR HEURTLEY, Secretary.
H. O. EDMONDS. Asst. Secretary.
H. H. ROCKWELL, Asst.
on
on
320,626,687 64
Collaterals
Demand Loans
CHICAGO
Tribune Bi tg.
ST. LOUIS
St02k Exchange Bldg.
SEATTLE
307
Epler Block
MEXICO. D. F.
Apartado, 3329
EX. NORTON & CO.,
Place, New York.
Ex-Norton, Mem. NY. Stock Ex. Gko. F. Nooton
52 Exchange
INVESTMENT
SKCIJHITIES
PITTSBURGH
FRANCISCO
Monadnsck Bldg.
SAN
People’s Bldg.
MELBOURNE
LONDON
[ENGLAND]
3 Fredericks Place, E. C.
VICKERS
[AUSTRALIA]
Sireet
9 Queen
&
PHELPS.
York.
STOCKS”
29 Wall St., N«w
“GUARANTEED
Descriptive List Sent On Application,
I VOL. LXXXIV,
THE CHRONICLE.
XVI
Batik statements.
REPORT OF THE CONDITION OF THE
THE
NATIONAL BANK First
LINCOLN
National Bank,
OF THE CITY OF NEW YORK.
JERSEY CITY, N. J.
FEBRUARY 1ST. 1907.
$500,000
$1,000,000
Undivided Profits
$509,000
$16,415,400
Deposits
Total resources
$19,374,200
Capital
Surplus (Earned)
-
OFFICERS.
THOMAS L. JAMES. President.
H. t. W. ROSS ITER. )
J. D. LAYNG,
} Vice-Presidents.
WM. A. SIMONSON.
J
CHARLES ELLIOT WARREN, Cashier.
DAVID C. (JRANT, Asst. Cashier.
Jan. 2G, 1907.
RESOURCES.
$8,420,810 55
S 100.000 00
1.160,338 38
Capita)
Surplus and .undivided profits
....
394,700 00
Circulation
Deposits
—
6,465.772 17
$8,420,810 55
YOUNG, President.
GEO. T. SMITH, Vice-President.
EDWARD I
EDWARDS. Cashier.
E. F. ('.
James Stillman.
Eben E. Olcott,
W. K Vanderbilt Jr.,
Joseph P. Grace.
City of New York.
Exchange National Bank
State of New York, at the close of
business January 26th, 1907:
RESOURCES.
Loans and discounts
Overdrafts, secured and unsecured
U. S. bonds to secure circulation.
Bonds securities, &c
$22,141,192
37,903
5,000,000
2,618,586
Banking house, furniture and fixtures..
1,500,000
39
02
00
85
00
765,904 63
Other real estate owned
Due from National banks
(not reserve agents)
$3,560,874 08
Due from State banks and
bankers
3S2.1G4 66
Checks and other cash items
17.131 06
,.
Exchanges
Clearing
for
House
Notes of
banks
• >cfi
4,545,017 57
National
other
m
100,000 00
Fractional paper currency,
nickels and cents..
Lawful money reserve in
bank, viz.:
88.39
3,572,319 18
Specie
Legal-tender notes
1.041,200 00
13,218,794 94
William G. Rockefeller.
Depository of the United States, State of New York
t
57
44
00
00
54
LIABILITIES.
DIRECTORS.
Thomas L. James.
Matthew C. D. Borden,
Charles C. Clarke,
E. V. W. Rossi ter,
J. D. Layng,
S3,622,559
2,563,007
822,693
550.000
862,550
Loans and discounts
Due from banks and bankers
Real estate and securities
United States bonds
Cash
American
at New York, in the
Second National Bank
Bankers, Trust Companies, Corporatioas and Individuals Invited.
Account* of Banks,
OF THE CITY
Fifth
OF
NEW
Due from Us S. Treasurer other
5 per cent redemption fund.
250,000 00
than
101,000 00
YORK.
$45,633,381 83
Total
Street.
Avenue and 23d
Redemption fund with U. S. Treasurer
(5 per cent of circulation)
LIABILITIES.
Report of Condition January 26, 1907.
RESOURCES.
New Amsterdam National Bank
OF
REPORT
NEW
OF
Y.
YORK. N.
JAN.
CONDITION
RESOURCES.
Loans and Investments
Due from banks and bankers
1907.
$5,<>04,505 2!)
303.90# 43
137,023 f>7
Clearing House exchanges
Banking house
Cash and
26
773,000 00
1,427,989 22
reserve
Total
$8,268,576 63
LIABILITIES.
Capital stock..
Surplus and prolits
$1,000.00000
262,221 35
Circulation
150,000 00
__
Deposits
..
6,856,355 28
.
Total
Loans and discounts..
United States bonds
$8,752,163 36
500,000 00
Stocks, securities, ice....
Cash and cash Items-Total
_
..
_.
982,789 65
2,926,455 68
.
.$13,161,408 69
..
......
Surplus and undivided profits
S500.000 00
1,873,705 11
277,800 00
Circulation
Deposits
Bonds borrowed.
.
10,109,903 58
400,000 00
$13,161,408 69
Total
JAMEvS STILLMAN. President,
JOHN L. HIKER, Vice-President.
WM. A. SIMONSON. 2d Vice-Pies.
J.
$8,268,576 63
S.
CASE, Cashier.
WM, PABST, Asst. Cashier.
OFFICERS.
FRANK
C.
W.
If.
,J.
KINSMAN Jr..
President.
MORSE, Vice-President.
HEM ERIC fl, Vice-President.
G.
E. r.
MERCHANTS’
ELD It EDGE, Cashier.
NATIONAL
REPORT OF THE CONDITION OF
The National
at New York, in the State of New York, at the close of
business January 26, 1907.
OF THE CITY OF NEW
Due from State Banks and Bankers
Checks and other cash items
4.261,173 65
878.515 35
516,084 20
8.352,185 27
324,240 00
_
Notes of other National Banks
Fractiaaal paper currency, nickels and
29,705,420 00
RESOURCES.
$11,734,261 24
Loans and Discounts..
U. S. Bonds and Other Securities
Cash and Due from Banks.
7,192.752 94
$21,892,902 69
Capital Stock
Surplus and Undivided Profits..
5% redemption fund
Circulation
310,029 05
Deposits
.
17,805*098 49
$21,892,902 69
OFFICERS.
LIABILITIES.
$25,000,000 00
20,000,000 00
and
National Bank notes outstandingDue to other National
1.629,274 91
16.223,497 50
ALBERT S. COX, Ass’t Cashier.
OWEN E. PAYNTER, Ass’t Cashier.
UNITED STATES DEPOSITARY
THE INTERNATIONAL BANK,
.
standing:
¥.8i. deposits
.
"
60
602,435 86
503,541 85
WALL
STREET.
Capital and t'urp'us,
out¬
Deposits
2,657,303 61
3,595,000 00
.
N. Y.
$600,000
1,750,000
6,914,150 00
Tata, l
Individual and Commercial Accounts Invited
$199,002,213 77
State of New York. County of New York, ss.:
I. Art.hnr Ivavanagh, Cashier of the above-named
bank. do solemnly swear that the above statement is
true ta the best of mv knowledge and belief.
A.
KAVANAG1I, Cashier.
M. TAYLOR I’Y.N'M,]
JAMES II. POST,
tDirectors.
P. A. VALENTINE. J
Sabaeribcd and sworn to before me this 29th dav of 1
30,954,315 88
1,729 41
Total..
l
$45,633,381 S3
State of New York. County of New York, ss.:
I, EDWARD BURNS, Cashier of the above-named
bank, do solemnly swear that the above statement Is
true to the best of my knowledge and belief.
EDWARD BURNS, Cashier.
Subscribed and sworn to before me this 30th day of
ALPHONSE OSCAR, Notary Public.
January. 1907.
Correct—AttestJ. R. MAXWELL,
\
WILLIAM L. BULL, I Directors.
DUMONT CLARKE, j
EDWIN F. COREV.
Notary Public, New Yark County,
-..
Legal-tender notes
INTEREST PAID ON TERM DEPOSITS
THOS. H. HUBBARD. President.
J. S. FCARON*, Vice-President.
JOHN HUBBARD. Vice-President.
JAMES H. ROGERS. Cashier.
CHAS. S. LIPPINCOTT, Asst Oashlar.
business
597
1,470,000
105.000
560,000
50,750
1,380,831
86,097
832,494
1,193,442
433,728
Overdrafts, secured and unsecured
United States bonds to secure circulation
U.S. bonds to secure U. S. deposits
Other bonds to secure U. S. deposits
Premiums on U. S. bonds....
Bonds, securities, etc
Banking house, furniture and fixtures..
Otiier real estate owned
Due from national banks
Due front State banks and bankers
Checks and other cash items
$66,023 49
Exchanges
for
Clearing
House
749.021 34
42
00
00
00
00
41
74
16
97
40
3,309.334 60
1,017.000 00
Redemption fund with U.S.
Treasurer (5 per cent of
circulation)
...
73,500 00
Due from U. S. Treasurer
other than 5 per cent re¬
demption fund
88,679 33
5,303,558 76
$30,315,132 29
LIABILITIES.
1
$3,000,000 0i
Capital stock paid in
Surplus fund..
4,000,000 00
Undivided profits, loss expenses and taxes
903,611 12
paid
National banknotes outstanding
Dividends unpaid
Due
national
to
other
banks
.84.578.318 69
Due to State banks and
bankers
1,568,365 31
Due to trust companies and
savings banks
2.107,067 SI
Individual deposits subject
to check...
10,906,383 70
Demand certificates of de¬
posit
Certified checks.
1,470,000 Of
3,973 50
.
18,227 51
1
731,033 9S
Cashier’s cheeks outstand¬
33,150 67
610.000 00
ing...
U. S
r
20,552,547.67
385.000 00
bond account.
$30,315,132 29
Total..
Facilities ARorded for Transacting
Foreign and Domestic Business . .
Carreet —Attest:
January, ?*07
307,397 80
Reserved for taxes
U. S. deposits
135.895.291 36
Bonds borrowed
660,750 94
Total
ROBERT M. (IALLAWAY, President.
ELBERT A. BRINCKERHOFF, Vice-Pres.
ZOHETH S. FREEMAN, Cashier.
--.339,775,930 28
State Banks
and Bankers
9,221.525 35
Due to Trust Companies
and Savings Banks... 21.338.229 37
Provident reserve fund
30,000 00
Dividends unpaid
1,164 00
Individual deposits sub¬
ject to cheek
58.170,161 04
Demand certificates of
to
Certified cheeks
Cashier’s
ohecks
213,092 87
posit...,
Certified cheeks
Cashier’s checks outstand¬
ing
Specie
52,000.000 00
1,537,804 20
5506000 00
...
$199,662,213 77
deposit
1.970,631 17
995,257 34
Banking House
511.175 00
U. S. Treasurer, other than
Total
26, 1907
LIABILITIES.
.
.
6,816 50
of the City of New York, at the close of
January 26 1907:
RESOURCES.
Statement at Close ot Business Jam.
2,430 28
—
bank, viz.:
Specie
S 19.251,420 00
Legal-tender notes... 10,451,000 00
Redemption fund with U. S. Treasurer
(5% of circulation)
Banks
815,574 30
Individual deposits subject
to check
20,505.431 78
Demand certificates of de-
REPORT OF THE CONDITION OF
FOUNDED
1803
18,512,416 54
200,000 00
Exchanges for Clearing House...
Due
and
The Mercantile National Bank
Bonds, securities, etc
Banking House, furniture and fixtures
Due from National Banks (not reserve
agents)
Capital stork paid in
Surplus fund
Wndivided profits (less expenses
taxes paid)
1,784,334 06
Due to trust companies
savings banks
Dividends unpaid.
YORK.
RESOURCES.
Loans and discounts
$118,982,534 52
16 12
Overdrafts secured and unsecured
¥. S. B»nds to secure circulation
10,223.500 00
O. S. Bonds to secure U. S. deposits..
395,000 00
Other Bonds to secure U. S. deposits..
3,943,000 00
V. S. Bonds on hand.
95.200 00
IF. S. Bond account.
2,410,500 00
Premium oa U. S. bonds.
8,793 79
Due from
Due
to
other
National
banks
:
$0,667,734 13
Due to State banks and
BANK
City Bank of New York
cents
Lawful money reserve in
—
bankers
LI All I LIT I ES.
Capital
Capital stock paid in
S5,000,000 00
:
2,250,000 00
Surplus fund
Undivided profits, less expenses and taxes
2,552,452 54
paid
*
National banknotes outstanding....
4,867,997 50
State of New York, County of New7 York, ss.:
I EMIL KLEIN, Cashier of the above-named bank,
do solemnly swear that the above statement is true to
the best of my knowledge and bcief.
EMIL KLEIN, Cashier.
Subscribed and
January, 1907.
sworn to
before
me
this 30th day af
JAMES H. ROBERTSON,
Notary Public. N. Y. Couaty.
Correct
—
Attest:
MILES M. O’BRIEN,1
WM. F. CARLTON.
IDireetars,
I). S RAMSAY.
J
Feb. 2
XVII
THE CHRONICLE
1907.]
fftturoclal.
Sank statements.
IB atilt statements.
vvWWV'WV%i,WVWW>AA/NAAA^^»A<WWVN^<WWV>%N^WWWWWWV,>A«WS/W
National Bank. FIRST NATIONAL BANK
New York County
14th
St.
and
Eighth Ave.,
1907.
RESOURCES.
Loans and investments
United States bonds
Real estate—banking house
Due from National banks
Exchanges for Clearing House
RESOURCES.
204,565 64
287,807 20
1,464,322 95
Banking house
Cash and cash Items
$7,035 855 18
$200,000 00
831,502 81
Deposits
2,881.228 63
Total.
$3,320,952, 53
$7,035,855 18
OFFICERS.
ALBERT H. VERNAM. President.
RUDOLPH II. KISSEL, 1st Vice-Pres.
GUY MINTON, 2d Vice-Pres.
OSEPH VAN DOltEN, Cashier.
HENRY CORY, Assistant Cashier
LBLAND, President.
TTETJEN, Vice-President.
Vice-President.
FREDERICK FOWLER,
24,500 00
National bank notes
5,804,352 37
Deposits
P.
00
10
$100 ,000 00
315,223 90
Capital stock paid in
Surplus and undivided profits
200,000 00
Circulation
L.
48
95
$3,320,952 53
Total
JAME^p. BROWER, Cashier.
CHATHAM NATIONAL BANK
at New
$7,200,027 67
3 94
50,000 00
Overdrafts, secured and unsecured
U. S. bonds to secure circulation
Bonds, securities, Ac.Banking-house, furniture and fixtures
Due from national banks (not reserve
...
287,463 48
1,609,254 23
$8,442,588 81
*
LIABILITIES.
_
723,185 77
Exchanges for clearing-house
Notes of other national banks
Lawful money reserve in bank,
320,134 24
24,161 00
48,400 00
...
6,915,066 13
Deposits
$8,442 588 81
250,949 78
64,904 23
undrawn portion thereof:
6% COUPON BONDS, $1,000 EACH
828, 1031, 1784, 1822, 2149, 2305, 2322
2458, 2514, 2546, 2556, 2576, 2642. 3181.
3352, 3598, 3961, 4115. 4125.
Nos.
6% (E) REGISTERED BONDS, $1,000 EACH
0908, 1098, 1230, 1556, 1591, 1755. 1774,
1810, 1983, 2321, 2351, 2564.
6%
per cent
H. P. DOREMUS, Cashier.
W. H. STRAWN. Asst. Cashier.
2,135,060 27
2,500 00
—
than 5
600 00
redemption fund
resenting $1,000
0196, 0224, 0207, 0347, 0353. 0472, 0501.
0502, 0511.
Nos.
Bank
York, in the State of New York, at the close
of business, January 26. 1907:
RESOURCES.
at New
Loans and discounts
$5,256,120 00
Overdrafts, unsecured
201 26
U. S. bonds to secure •iraulation
1.000,000 00
Bonds, securities. *•
2,174,605 60
Banking house
500,000 00
Due from National banks (not reserve
agents).-.-.-.
141.552 74
Due from State banks and bankers
24,711 05
•
Checks and other cash items
20,385 50
.
...
Drawn in
resenting $ 1,000
0611, 0867, 0878, 0884, 0906, 0955, 0998.
01003, 01050, 01058, 01067, 01084, 01100,
01103, 01103, 01107, 01111, 01112, 01119.
NOS.
5% COUPON BONDS, $1,000
0342, 0397, 0425, 0607, 0684,
0890, 0997, 1017, 1295, 1401,
1685, 1818, 1958, 1979, 2062,
2858, 2878, 3023, 3436, 3448,
3658, 3810, 3929, 4378, 4495,
4918, 5260, 5266, 5509, 5778,
Nos.
$1,000,000 00
1,000,000 00
Capital stock paid in
Surplus fund
Undivided profits, less expenses and taxes
paid
National bank-notes outstanding
Due to other national banks—
Due to State banks and bankers
Due to trust companies and savings
486.140 25
(D)
5%
1,122,905
700
6,809,824
8,452
—
712,041 12
' 12,575 00
ExchangesforClearingIIou.se.
Notes of other National banks
nickels and
Fractional paper currency,
230 04
cents
Lawful money reserve
resenting $ 1,000
0221, 0352.
»
REGISTERED BONDS, $10,000 EACH
Part, Each Number Drawn Rep¬
(C)
5%
Drawn in
resenting $1,000
Nos. 0206, 0680, 0738, 0819, 0904,
CHICAGO & NORTH WESTERN RY. CO.,
By R. H. WILLIAMS, Treasurer.
95
17
48,371 37
21,707 97
T. J. STEVENS, Cashier.
1,539.311 35
Redemption fund with U. S. Treasurer
(5 per cent of circulation).
Due from U. S. Treasurer other than
5 per cent redemption fund.
flections.
.•Seal.*
Correct—Attest:
50,000 00
)
A. GILBERT,
LEOPOLD STERN,1 Directors.
AARON J. BACH, J
26,000 00
Frank W. Kinsman Jr., President.
C. W. Morse, Vice-President.
J. G. Hemerlch, Vice-President.
E. O. Eldredge, Cashier.
New York, January 25, 1907.
At a meeting of the Board of Directors of
this Bank, held this day, Mr. Frank W. Kins¬
man
Jr. was
unanimously elected
President.
succeedlnglHon. Miles M. O’Brien, resigned.
•
► •
•
•
JWz-lfE. O. ELDREDGE, Cashier.
hind.
Undivided profits,
taxes paid
THE BANK OF NORTH AMERICA The United States Life
$1,000.000 00
.
2,000,000 00
Surplus
leas
and
expenses
961,997 50
1,2X7.423 18
617,948 07
.
...
.
.
Chartered by Congress
STATEMENT
4.507.391 55
4.997 50
$11,457.733 72
I, GEO. E. LEWIS. Cashier of the above-named
bank, do solemnly swear that the above statement is
true to the best, of my knowledge and belief.
GEO. E. LEWIS. Cashier.
Total
JOHN P MUNN, M.D.,
.
- -
? 13 ,*>30 .985 56
.
—..
.
-
Capital
i
Surplus and .Undivided
this 30th day of
H. L. BRAYNARD,
Public, Westchester Co.
Notary
Certificate filed in New York Co.
Correct—Attest:
I
ADRIAN TSELIN Jr..
'Directors.
FREDERIC W. STEVENS,
THOMAS DRNNY Jr.,
}
Circulation
-
Profits
-
CLARENCE H. KELSEY. Pres.
WM
412,697 ;>0
JOHN II.
PORTER
Company atlte Home
York City.
.$13,930,985 56
-
H
Pres.
Title Guar. A TY.C«.
Chemical National Bank
Good men, whether experienced
in life1 insurance
or
not. may make direct contracts with this company
for a limited territory it desired, and aecure for them¬
selves in addition to first year s commission, a renewal
interest insuring an income tor the future. Address the
10,223,663 63
Total
Leather
JAMES R. PLUM
81,000,000 00
2,264,624 40
-
-
Deposits
President.
Finance Committee
LIABILITIES.
Subscribed and sworn to before me
January, 1907.
-
$9,759,358 60
1,514,071 87
344,532 77
2.313.022 32
CITY OF NEW YORK
IN THE
JANUARY 26th, 1907.
Discounts
Due from Banks and Bankers
Clearing House Exchanges. ...
Cash and Reserve
30,708 85
r
Natonal Bank 1864.
1781.
Loans and
York, County of New York, ss.:
State of New
Insurance Co.
In the United States.
RESOURCES.
97,535 91
outstanding
Total.
Oldest Bank
559,149 58
195 00
Accepted drafts
cheeks
PHILADELPHIA
390,386 58
National banknotes outstanding
—
Due to other National bank^
Due to State banks and bankers...
I )ue to trust companies and savings banks
Dividends unpaid
—1
Individual deposits s»bje*t to check . .
Demand certificates of deposit.... —..
1908
1850
INABILITIES.
Capital stock paid U.
NEWrAMSTERDAM NATIONAL BANKBroadway and 39th Street.
THE
$11,457,733 72
Total...
Cashier’s
before me this 30th day of
O. B. LEWIS. Notary Public.
January. 1907.
524,000 00
Legal-tender notes
-
Subscribed and sworn to
$1,015,311 35
Specie
0911, 01*7f.
01207. 01209.
01103, 01192, 01197, 01198.
01305, 01330.
25
00
.$11,475,881 90
State of New York, County of New York, ss.:
I. THOMAS J. STEVENS, Cashier of the above
named bank, do solemnly swear that the above state¬
ment is true to the bset of my knowledge and belief.
in banks, viz.:
REGISTERED BONDS. $5,000 EACH
Part, Each Number Drawn Rep-
Drawn in
.
Total
0842,
1612,
2543.
3633,
4916,
5790, 5872.
(E) REGISTERED BONDS, $1,000 EACH
Nos. 0317, 0379, 0578, 0766, 1062, 1388, 1439.
1458, 1476, 1539, 1782, 2071. 2111, 2185.
2328, 2586.
43,000 00
770,334 18
164,445 75
banks
Dividends unpaid
Individual deposits subject to check
Demand certificates of deposit
Certified checks...
Cashier's checks outstanding
EACH
0762,
1472,
2168,
3515,
4910,
5%
Nos.
LIABILITIES.
RBPORT OF TIIK CONDITION OF
REGISTERED BONDS, $10,000 EACH
Part, Each Number Drawn Rep¬
(C)
6%
$11,475,881 90
Total
REGISTERED BONDS, $5,000 EACH.
Part, Each Number Drawn Rep¬
(D)
Drawn in
5949.
481,452 00
Legal-tender notes
(5 per cent of circulation)
Due from U. S. Treasurer other
CEO RUE M. HARD. President.
National
Registered bonds in denominations of $5,000
and $10,000 drawn In part for redemption by
numbers representing $1,000 each, must be sur¬
rendered and new registered bonds bearing Inter¬
est from October 1, 1906, will be given for the
viz.:
Redemption fund with IT. S. Treasurer
OFFICERS.
The Gallatin
accrue on and after that
date.
Registered
bonds require to be assigned on delivery.
%•
to
104,355 00
600,000 00
agents)
Due from State banks and bankers
Checks and other cash items
$450,000 00
1,029,122 68
Circulation
York, in the State of New York, at the close
RESOURCES.
$5,813,702 59
50,000 00
642,168 51
_
Capital Stock
Surplus and Profits
National Bank
Loans and discounts
RESOURCES.
Cash and Reserve
surrender of the bonds: Interest will cease
upon
of business January 26th, 1907:
Report of condition January 26, 1907.
Clearing House Exchanges
THE FARMERS’ LOAN & TRUST COMPANY,
Trustee, at No. 20 William Street, New York, at
105 and accrued Interest to February 1st, 1907,
THE CONDITION OF THE
Market and Fulton
Broadway «nd John St., New York.
...
1879.
Nos.
REPORT OF
Loans and Investments
United States Bonds
Due from Banks and Bankers
BONDS OF
numbered bonds of the above
Issue, both Six and Five per Cents, have been
drawn for the Sinking Fund of 1906. in conformity
with the mortgage, and will be redeemed by
LIABILITIES.
Capital stock
Surplus and undivided profits
CHRISTIAN
$1,163,339
1.078,613
70,000
1,008,999
Loans and discounts
U. S. and other bonds, securities, Ac
LIABILITIES.
FRANCIS
SINKING FUND
The following
Report of Condition Jan. 26, 1907.
220,256 04
_
Chicago & North Western Ry. Co.
ESTABLISHED 1865.
$4,518,813 85
250,000 00
.
Cash
MORRISTOWN, N. 1.
New York.
STATEMENT JAN. 26
REDEMPTION OF
WATT. Cashier.
Office. No. 277 Broadway.
Chicago <5c North Western
New
Rights
BOUGHT AND SOLD
ESTABLMIEII
Penn National
RESOURCES.
Loans, Discounts and Investments.$4,817,404
—347,254
Due from Banks
182,158
Exchanges lor Clearing House
Cash and Reserve
-1,614.639
-
Tatai
.
.
:
---
-
-
II.
G. CLIFTON,
S.
Circulation
Deposits
Total
of corporations
,
.
-
.
—
..
-
..
SHARP. President.
Cashier.
The accounts
LIABILITIES.
i
68
40
Memb»>N N. Y. Slock
-
.$5(10,000 oo
1,108.954 02
4 7,750 00
BATTERY PARK NATIONAL BANK
5,304,75291
24
STATE §T. (Opp. New Ck»tom
Shipping and Export Accounts
E
t
H. C. BEITZEL, Assistant
individuals invited
„
,,
Cashier.
AY
THE
$6,961,456 93
-
Exchange
111 BBOA I) VV
Tel. No. 3260 Re tor
JANUARY 26, 1907
Stork. J.
;>1 'Capital
28 Surplus and Profits (Net)
$6,961,456 93
S.
SCHMIDT & GALLATIN
Bank of Philadelphia
REPORT OF CONDITION
-
1828
A. D« LIMA
CALVIN TOMKINS. V.-Pres.
Pr*** blent
s
Invited,
EDWIN B. DAY. Gxabter
GEO. S. TALBOT. Asst.
t
firms aad
Hmue.)
Cashier.
[ VOL. L XXXIV.
THE CHRONICLE
xvm
giuitleutls.
l’he Farmers’Loan&TnistCo,
fftmmctal.
16, 1H, 20 & 22 William St.,
SUBJECT JO
AND CHANGE IN FRICE,
SALE,
FOR
OFFER
1VE
WITHDRAWAL
New York City.
COUPONS AND DIVIDENDS DUE IN FEBRUARY ARE PAYABLE AT THIS OFF ICE
ON AND AFTER FEBRUARY 1ST, 1907, AS
$250,000
New York Central & Hudson River RR.Co.
3
FOLLOWS:
Arkansas Water Company.
Alliance Waterworks Company.
Beloit Water Works Company.
Birmingham Water Works Company.
Clinton Water Works Company.
Cornell .Steamboat Company.
o% Coupon Notes
year
pany.
Citizens’ Gas Company of Kankakee.
Commonwealth Water & Light Company
•Jersey.
El Reno Water Company.
1, 1907
FEB.
DATED
$250,000
£>% Coupon ]> otes
year
DATED
t, 1907
FEB.
MICHIGAN CENTRAL RAILROAD CO.
5% Coupon
year
DATED
IftflucM lu
All
PFICE
FEB.
Pa.
Pittsburgh Cincinnati Chicago & St.
Co., Series E.
James Pyle & Sons.
St. Louis Merchants' Bridge Company.
Seymour Water Company.
Sheboygan City Water Company.
Stevens Point Water Company.
Notes
1, 1907
Vandalia
Works Company.
FEBRUARY 15TH. 1907.
Chattanooga City Water Company.
I)IVI RENDS.
FEBRUARY 1ST. 1907.
The Farmers’ Loan <Sc Trust Company.
FEBRUARY 15TH, 1907.
The Pullman Company.
Vandalia Railroad
THE
WEEKS
New York
£3 State Ft.
EOSTON
Railroad Company,
Waterford Water
Louis Ry.
Common
Stock.
ON APPLICATION
120 Broadway,
Louis Ry.
Pittsburgh Cincinnati Chicago & St.
Co., on Common Stock.
Twin City Rapid Transit Company, on
Denomination* of $1,000
HORN BLOWER &
Company.
Indianapolis & Vincennes Railroad Company.
Kallspcll Water & Electric Company.
Kokomo Water Works Company.
Larchmont Yacht Club.
Monongahela Valley Water Company.
Montgomery Street Railway Company.
People’s Street Ry. Co., Luzerne County. Scran
ton.
$250 000
3
Elgin City Railway Company.
Company.
Freeport Water Company.
Galena Water Company, Kansas.
Gloversville & Broadalbin Railroad
of New
Eau Claire Water
Lake Shore & Michigan Southern Ry. Co.
3
Valley Railroad Com¬
& .Muskingum
Cincinnati
Company.
SOUTHERN IN DI ANA RAILWAY
First Mortgage 4 per cent Bonds.
Coupons
CO.
1907. from
due February 1st,
above-mentioned bonds will be paid on and
that date at the office of the Central Trust
pan v of New York. New York Citv.
C.
WEINLAND, Treasurer.
F.
Fo' other div
152 Monroe St.
the
after
Corn-
dends see page xix.
CHICAGO
mtanted.
FINANCIAL.
WANTED—To establish relations with
Co. or Banking House dealing in Railway
Have had twenty years’ experience in
$1,000,000 HARTFORD.
CONN.,
I)ue 1954 and 1955
3'A% BONOS
$250,000 SPRINGFIELD.
MASS.,
Due 1025
V/>% BONDS
Trust
Securities
Railway
Construction, Traffic and Operating
Service.
departments.
Now engaged as an Executive
Officer.
References in New York and in my own
Extensive and intimate relations with
section.
managing officials.
Address V. 1*•, Chronicle
Box 958. N. Y.
Office, P. O.
statistics of Stock
position as Secretary
or other man of
Advertiser, now in charge of
Exchange house, desires
or Assistant to corporate officer
affairs.
College graduate, 31,
thorough statisti¬
and
with
organization and finance.
High
Address,
R. S. W , care “Chron
familiar with current security values
Stock Exchange methods; well acquainted
cian.
corporation
References.
P. O.
icle ”
E
D. SHEPARD
Box 958, N.
& CO.
Y.
Notices.
"
HOLDERS OF THE
Four Per Cent Fifty-Year
TO THE
First
We Own and
Offer
Mortgage
Bonds of the
BUSH TERMINAL
Dated
First Mortgage
COAL CO.
6% Gold Bonds
GUARANTEE
18th. 1907.
KNICKERBOCKER TRUST
Trustee,
DUE DEC. 1, 1920.
payable semi-annually In Xew York.
TITLE & TRUST CO.. Pittsburgh, Trustee.
By
3,200 acres of coal In Brook Co.. W. Va.,35 miles from Pittsburgh, Pa., on
Estimated cash value of property St .500,000. Total bonds issued. $450,000.
earnings for 1907 estimated three and one-half times interest charge.
WE STRONGLY RECOMMEND THIS BOND AS IN OCR JUDGMENT AN ABSOLUTELY
Net
SAKE
Seam.”
INVESTMENT
Special circular gh lug price
and full particulars on application
LAWRENCE BARNUM & CO.,
PHILADELPHIA.
YORK.
BOSTON.
Vice-President.
NOTICE OF DISSOLUTION.
Notice Is hereby given that the
of W. J. Hayes, Harry E. Hayes and Will
Hayes, heretofore existing under the
name
of W. J. Hayes & Sons, has been dissolved
mutual consent; that W; J. Hayes $nd Harry
Hayes have formed a partnership
name
and style of W. J. Hayes & Son, and will
the business formerly carried on by W. J.
& Sons, taking over the assets and assuming
Dated at
January A.
PINE STREET.
NEW
First
25, 1907.
<C ojmvtn evslvtjxs.
obligations of the
FANKEFS
27-29
COMPANY.
FREDERICK L. ELDRIDGE.
New York, January
This company owns
the “Pittsburgh
the mortgage
authority of said
of forty thousand
dollars and sev¬
enty-eight cents ($40,928.78) In the purchase of
bonds of said Issue, provided such purchase can
In their opinion be now made advantageously.
Offers of said bonds may be sent to the Knicker¬
bocker Trust Company. 60 Broadway, on or be¬
fore February
DATED DEC. 1. 1900.
Interest
COMPANY
April I, 1902,
The undersigned Trustees, under
above referred to. desire under
mortgage to expend the sum
nine hundred and twenty-eight
$400,000
REX CARBON
Gold
old lirm.
Cleveland. Ohio,
D. 1907.
co-partnership
L.
lirm
by
E.
under the
continue
Hayes
the
this 14th day of
J.
W.
HAYES.
HARRY
HAYES.
E.
WILL
L.
HAYES.
Feb.2
six
THE CHRONICLE.
1907.1
V mane tai.
$8,000,000
CONSTRUCTION CO.
BIRMINGHAM & ATLANTIC RAILROAD CO.
ATLANTIC & BIRMINGHAM
ATLANTA
First Collateral Trust
DATED MAY 1ST, 1906
DUE MAY 1ST, 1910
*
MAY 1ST AND
INTEREST PAYABLE
Principal and Interest
THE
A DIRECT
NOVEMBER 1ST.
Payable at the office of
NEW YORK, Trustee
$1,000 and $5,000, with privilege of registration as to principal.
COMPANY OF AMER CA,
TRUST
$8,000,000, in
Total issue,
Gold Coupon Notes
Five Per Cent Four-Year
denominations of
SEVERALLY, OF THE ATLANTIC & BIRMINGHAM .CONSTRUCTION
ATLANTA BIRMINGHAM & ATLANTIC RAILROAD COMPANY.
OBLIGATION, JOINTLY AND
COMPANY AND THE
Redeemable at
interest date.
101 and interest on any
absolute majority of the common and preferred
the Brunswick Steamship Companv^stocksjand
Companies.
of the Atlanta Birmingham & Atlantic
of main line, extending from the coast at
road completed.)
The Company owns two new freight steamers (building three more), connecting at Brunswick with New York, Boston
Havana, and over 6,000 acres of ore lands and 67,000 acres of the very best coal lands in the Birmingham district.
Circular giving full details, together with copies of the Collateral Deed of Trust, may be obtained£upou application
by $20,800,000 (par value) Stocks and Bonds, including an
stocks of the Atlanta Birmingham <fc Atlantic Railroad Company, all of
bonds and all of the stocks of the Birmingham Iron and Birmingham Coal
The Atlantic <fc Birmingham. Construction Company is building an extension
Railroad which, when completed, will give the latter approximately 666 miles
(About 400 miles of
Brunswick to Atlanta, (la., and Birmingham, Ala.
Secured
and
the offices of
at
the undersigned.
HAVING SOLD $6,000,000
AT WHICH
_
OF THE ABOVE NOTES,
PRICE THEY YIELD 6.16%
on
payable on the 11th day
of February, 1907.
transfer hooks will
f^Uetings.
Dluidctids.
stockholders of record at the close of business
Cheeks will be
Tuesday. February 5th, 1907.
mailed.
The stock
51 Wall St., New York
New York
NATIONAL R All.ROAD CO. OF MEXICO.
Of lice of Assistant Secretary.
«o Wall Street. New York, January 29. 1907.
The Board of Directors of tills Company, at a
meeting held to-day. declared a semi-annual divi¬
dend of One Per Pent on its Preferred Capital
to
Clark, Dodge & CO.
of America
Dividends.
Stock,
WE OFFER THE UNSOLD PORTION AT 96 D, AND INTEREST,
ON THE INVESTMENT.
The Trust Company
135 Broadway,
~
be closed at 3:00
AMERICAN LOCOMOTIVE COMPANY.
Broadway, New York. December 19, 1906.
The Board of Directors this day declared a
dividend of ONE AND ONE-QUARTER PER
11 1
CENT upon
the common
capital stock, payable
stockholders
8,
February 26, 1907. to the common
of record at the close of business on February
1907.
Checks will be mailed.
Transfer books of the common stock will close
at 3 P. M.. February 8. 1907, and reopen
February
LEIGH BEST. Secretary.
26,1907.
and will reopen February
m. February 5th
11th, 1907, at lb a. in.
K. E. BASH FORI).
p.
divi¬
Preferred Stockholders of
of business February 1.1907.
Adjustment
the
record at
A
from
PULLMAN COMPANY.
DIVIDEND NO. 160.
K. 11.
ALDEN, Secretary.
meeting of the Board of Directors held Jan¬
25th, 1907, a dividend of 2% was
on
the'common stock of the company, out of the
earnings of the rompanj . payable March 4th
At a
declared
uary
February 23d.
books will be
March 5th, 1907.
stockholders of record
Common stock transfer
to common
1907.
closed from
February
For other
23d to
MORGAN. Treasurer.
JAMES L.
dividends se* page
xviii.
properly
before the meet
come
quarterly dividend
net earnings has
of $2.00 PER
be reopened on February 15, at ten o'clock In
W. H. NICHOLS Jr.. .Secretary.
forenoon.
New York, Jan. 31. 1907.
SHARE
payable
of Record
will be
been declared,
February 15th, 1907. to Stockholders
at close of business Jan. 31 1907.
Checks
mailed.
A. S. WEINSHEIMER. Secretary.
Chicago, January
19.1907.
CORPORATION.
% on the Common
Dec. 31 1906, was
JEFFERSON & CLEARFIELD COAL & IRON declared Jan. 29, payable March 30 to stock¬
COMPANY.
March 15. Transfer books
holders of record
A dividend of two and one-half per cent has close at 3 p. m. March 15 and reopen at 10 a. m
been declared on the preferred stock of this Com¬
April 16. 1907.
RICHARD TRIMBLE, Secretary.
pany. payable February 15th next to stockholders
of record Februarv 5th 1907 at 3 p. m.
Dividend
checks will he mailed by the transfer agents of
UNITER STATES STEEL CORPORATION.
the Company.
GEO. H. CLUNK,
Quarterly dividend No. 23 of 1 *4 °o on the Pre¬
Treasurer.
ferred stock, payable Feb. 28. 1907. was declared
Jan. 29 to stockholders of record Feb. 6.
Trans¬
Rochester, January 18th, 1907.
fer books close at 3 p. m. Feb. 6 and reopen at
10
a.
m.
March
1
GENERAL CHEMICAL COMPANY.
RICHARD TRIMBLE. Secretary.
25 Broad Street. New York, January 31. 1907.
the close
business as may
Ing.wlll be held at the company’s office, at Phllllpstown. Putnam County, State of New York,
on THURSDAY, the fourteenth dav of Februarv.
1907. at ten o’clock In the forenoon.
The stock and transfer books will be dosed
against the transfer of stock on Saturday. Febru¬
ary 2d. at three o'clock In the afternoon, and will
the
THE
Assistant Secretary.
NORFOLK & WESTERN RAILWAY CO.
The Board of Directors has declared upon the
Anjustment Preferred Stock a semi-annual
dend of Two Dollars per share, payable at the
office of the Company. Arcade Building, Phila¬
delphia, on ami after February 15, 1907, to
THE ANNUAL MEETING OF THE STOCK¬
HOLDERS OF THE GENERAL CHEMICAL
COMPANY', for the purpose of electing directors
for the ensuing year and of transacting such other
UNITED STATES STEEL
of 1
Dividend No. 13 of
stock, for the quarter ending
CEMETERY CO. OF MARYLAND
At a meeting of the Board of Directors of the
Wood lawn
Cemetery Company of Maryland,
held on January seventeenth last, a dividend ot
fifty cents per share from earnings was declared
and ordered paid on February seventh. 1907. to
shareholders of record on February first. 1907.
HAVANA ELECTRIC RAILWAY CO.
The Annual Meeting of the stockholders of
the
will be held
15 Exchange
Place, N. J.. on the 26th day of February, 1907.
at 12 o’clock noon, for the election of directors
and for the transaction of such other business as
may properly come before it.
Havana Electric Railway Company
at the office of the corporation. No.
H. L. ASHLEY. Secretary.
Dated January 25, 1907.
£0 Tease
TO
LEASE
commodious offices on the
First Floor of 66 Wall Street
extending through to Pine Street, with vault and
The
large and
occupied by the
to
Street, corner Malden Lane.
WM. O. PLATT. 56 Wall St.. R. 401
basement on Pine
London Assurance
remove to William
Apply to
Street, now
Corporation, who are soon
WOOD LAWN
E. R. L.
GOULD. Treasurer.
PRIMROSE &
Mew
ft*
BRAUN,
Bank, Trust an«
Fire Insurance Stock*
New Street
•
NEW YORK.
York
City
[VOL. LXXXLV.
THE CHRONICLE,
XX
ifitmticial
$40,000,000
AMERICAN TELEPHONE
& TELEGRAPH CO.
Convertible Four Per Cent Gold Bonds
MAR^H
DUE
Part of
an
issue limited to $150,000,000.
Company at 105% and accrued interest
on
All
or any
part of the issue redeemable at the option of the
and after March 1, 1914,
Attention is called to the letter of Mr. F. P. Fish,
bonds
1936
I.
twelve weeks’ notice.
upon
President,which,
among
other things, states that the
convertible at par, at
the option of the holder, into common stock at $140 per share after March
1, 1909, and before March 1, 1918, and in the meantime up to thirty days prior to the date of redemption
are
named in any
redemption call. If additional stock is issued or sold at a price averaging less than $140
share, Bondholders will have the benefit of a reduced conversion price.
per
Interest
payable semi-annually on March 1 and September 1 in New York or Boston.
Principal and interest payable without deduction for any tax or taxes which may be imposed by the
laws of the United States of America, or of any State, county, or municipality therein, and which the Com¬
pany may be required to pay or deduct therefrom.
OLD COLONY TRUST
-
COMPANY, Trustee.
Coupon Bonds of the denomination of $1,000 each, with registration provision, and privilege to re-convert
Registered Bonds into Coupon Bonds.
Referring to the above, the undersigned offer for public subscription the above
Bonds, at the price of 92^% and accrued interest to date of full payment, payable
in instalments
as
follows:
-
On
“
application
$50
allotment
Balance and accrued interest
on or
50
or
$1,000 Bond
“
1,000
“
before March 28, 1907.
The subscription list will be opened at IO
and will be closed at
per
before 3
p. m.
the
a. m. on
same
Tuesday, February 5, 1907,
day.
The
undersigned reserve to themselves the right to close the subscription list at any time without notice
and to reject any subscriptions and to allot smaller amounts than applied for.
All subscriptions should be made on the form, which can be obtained from the undersigned, and must be
accompanied by a deposit of $50 per $1,000 Bond.
If no allotment be made, the deposit will be returned in full, and if only a portion of the amount applied
for be alloted, the balance of the deposit will be appropriated towards the amount due on allotment
If any
.
further balance remains, such balance will be returned.
render all
Failure to
pay any
installments at due dates will
previous payments liable to forfeiture.
The Bonds will be delivered
by the undersigned upon payment in full therefor.
Application will be made to list the above Bonds on the New York, Boston, and London Stock Exchanges.
2
XII
THE CHRONICLE.
1007.J
financial
AMERICAN TELEPHONE
& TELEGRAPH
CO.-(CONCLUPEP.)
follows:
Company,
The American Telephone & Tele¬
of shares of the capital stock
holding, except in few in¬
26, 1907, F. P. Fish, Esq., President of the Company, writes us in part, as
The American Telephone & Telegraph Company is the successor of the American Bell Telephone
having acquired early in 1900 all the property and business of that Company.
graph Company owns directly long distance telephone lines and is the owner
iii about forty companies operating throughout the United States and Canada,
a
stances, a controlling interest.
In addition to the issue of convertible bonds, the funded debt of the Company consists of $78,000,000
Under date of January
Collateral
July 1, 1929, of which $53,000,000 are outstanding in the hands of the public, $25,000,000 being deposited as security for the issue of the above-mentioned $20,000,000 5 per cent Notes which mature
on May 1, 1907, and which $25,000,000 of bonds—upon the retirement of the notes—will be released and will
come a free asset of the Company.
There are also outstanding $25,000,000 5 per cent notes due January 1, 1910,
and $10,000,000 4 per cent. Debentures of the American Bell Telephone Company which mature on July 1, 1908.
There are no mortgages of any kind upon and no pledges of the property of the Company, except that certain securi¬
ties of the associated companies have been deposited to secure the collateral trust bonds, and except one mortgage
Trust 4 per
cent Bonds due
be¬
for $10,000 on one parcel'of real estate.
The Company's present authorized capital stock is $250,000,000, which may
$131,551,400 is at present outstanding in the hands of the public.
On December 31, 1906, the net surplus and reserves of the Company amounted
The number of telephone subscriber's’ stations operated in the United States by
panies to which its telephones are leased has been as follows:
to approximately $14,000,000.
this Company and by the com¬
1906 (Dec., Est.)
1905
1904
1903
1902
be increased. Of this amount
3,054,000
2,528,715 "
The number of miles of wire owned by this Company and its associated companies is approximately: Ex¬
change, 6,100,000 toll, 1,400,000; making a total of 7,500,000, of which 3,300,000 miles of exchange wire are
in
underground conduits.
The shares of the Company are
1903
10,802
JAN. 1,
2,003,213
1,6S3,087
1,399,941
largely distributed, the number
JAN. 1, 1904
JAN. 1, 1905
of shareholders having been as follows
JAN. 1, 1907
JAN. 1, 1906
17,533
18,194
16,892
The American Telephone & Telegraph Company paid dividends each year from April, 1900, to July, 1906,
at the rate of seven and one-half per cent per year, and its predecessor, the American Bell Telephone Company,
paid dividends at an equivalent or greater rate each year from 1884 to 1900. Since July, 1906, the American Tele¬
phone & Telegraph Company has paid dividends at the rate of eight per cent per annum.
The gross revenue of this Company and its associated telephone companies for the year 1906, excluding dupli¬
cations, was
Gross
15,743
approximately $117,000,000.
(including dividends from
Expenses, Interest and Taxes
Earnings of this Company
Operating
Leaving balance of
Out of which dividends amounting to
associated companies) were
:
$10,195,233 50 have been paid.
lines, and in my opinion the
will continue to do so.
book-keeping and accounting are on conservative
of the Company have improved from year to year and
The
$24,428,434 71
11,644,968 98
$12,783,465 73
position and the prospects
under which
they are issued and to the letter from F. P. Fish, Esq., President of the Company, copies of which may be
obtained at the offices of the undersigned.
Preference
allotment under subscription will be accorded to shareholders of the American Telephone
& Telegraph Company to the extent of 1-5, or 20 per cent of the par value of their holdings of stock in the
For further
details regarding the
above Bonds, reference
is made to the Trust Indenture
on
Company.
AJsimultaneous public
and Messrs. J.
J. P.
issue of the above Bonds is being made by Messrs.
in London, and by Messrs. Hope & Co., in
S. Morgan & Co.,
NEW YORK,
BOSTON.
York and Boston,
January 30, 1907,
Amsterdam.
& CO.,
KUHN, NEW
LOEB
YORK.
MORGAN & CO.,
KIDDER, PEABODY &
w
Baring Brothers & Co., Ltd.,
CO.,
VOL.
THE CHRONICLE.
XXII
LXXX1V.]
|% mineral
SECURITY.
Amount.
Illinois RR. Co.
§150,000 Chicago & Eastern
I
and
Refunding
RR. Co.
00,000
Indiana Illinois & Iowa
00,000
Louisville Henderson & St.
80,000
Minneapolis & St. Louis RR. Co.
75,000 Minneapolis &
First
St. Louis RR. Co.
Pacific
First
Mortgage
First
Mortgage
Consolidated
Mortgage
First
Extension,
Ri\er
New
Mortgage
First
Mortgage
Fir>t
Consolidated
Mortgage
Pittsburgh & Lake Erie RR. Co.
25.000
200.000
St. Louis & San Francisco
150 ,000
Southern Railway Co.
100,000
Ulster & Delaware
100,000 Western
100,000
Michigan Central RR. Co.
75,000 Omaha &
Mortgage
Mortgage:
Western
I hrcc- Y ear
Notes
Three-Y
ear
Notes
Ihree-Year
Notes
l nion Tel. Co.
First
Somerset Coal Co. of
100,000
Portland Railway Co.
Pennsylvania
Car
Connecticut Railway & Lighting Co.
Redeemable)
Choctaw & Memphis
RR. Co.
(iuarantce
Jan.-July
1955
4.40%
4
Jan.-J uly
1950
4.05%
5
Jan.-July
1946
4.40%
5
May-Xov. *
1934
4.38';;
6
Apr.-Oct.
1921
4.20%.
(>
May-Xov.
1920
4.08%
6
Apr.-0(4.
1932
4.08%
Apr.-( let.
1940
4.23%
0
Jan.-July
1928
3.95%,
4
Jam-July
1951
5.00%
5
Jan.-July
1996
4.30%
4
Apr.-Oct.
.1952
4.42%
4
Apr.-( )ct.
1952
4.95%
5
Tub.-Aug.
1910
5.10%
5
Feb .-Aug.
1910
5.10%
5
Feb.-Aug.
1910
5.10%
4 >; >
Jan.-July
1934
5
Jan .-J uly
1928
5.00%
5
June-Dee.
T)7-’18
5.37%
5
May-Xov.
1930
5.00%
4%
Jan
.-July
1951
4.25%;
5
Jan
.-July
1949
4.28%,
*
Bonds
Mortgage
First and Refunding Mortgage
First
1
Mortgage
Trust
First and Refunding
^
Not
First
Council Bluffs Street Railway Co.Consolidated
100.000
75,000
Mortgage
Michigan Southern Railway Co.
First
(Unstamped
Refunding
River RR. Co.
Northwestern Telegraph Co.
40,000
Mortgage
Maryland RR. Co.
Lake Shore &
4
Yiel d.
Mortgage-
First
Division
RR. Co.
100.000
75,000
Refunding
Memphis
New York Central & Hudson
Payable.
First Mortgage
RR. Co.
3 00.000
Princi pal
Payable.
Mortgage
Consolidated
Division.
i merest
Rate.
4
Peoria & Eastern Railway Co.
100.000
Mortgage
Louis Railway Co.
Norfolk & Western Railway Co.
40,000
inprov einent
*■
Missouri Pacific Railway Co;
150,000
LIST.
INVESTMENT
FEBRUARY
4.25%'
Mortgage
I i
YORK.
*T IN NEW
V
Dividends
SECURITY.
Shares
500
300
00
Guaranteed by Interborough
Manhattan Railway Co.
Guaranteed bv Pennsylvania
Rapid Transit Co.
RR. Co.
Morris A;
7
Quar.-Jan.
$100
4.90%
i
(Fair. -—Jan.
$100
$100
5.97%;
t
Chenango AT Susquehanna \ alley
Guaranteed by New York Central & Hudson
Quar.-Jan.
•
6
RR. Co.
Oswego A: Syracuse
Utica
Co.
$50
0
Feb .-Aug.
$50
(i
May-Xov.
$100
8.78%
5.91%
3.92%;
Mch
3.86%
5.S7%
4.41%
5
Quar.-Feb.
si oo
$100
2%
Feb .-Aug.
After Jan 1
SI 00
1910
*>
O
0*r Statistical
MmomMo.
-
-
-
-
-
33 PINE STREET, NEW
ii
5.79':;
other securities.
PARTS OF THE WORLD.
BUSINESS.
507 Chestnut Street
ISSUE LETTERS OF CREDIT FOR TRAVELERS, AVAILABLE IN ALL
TRANSACT A OENERAL F0RE10N AND DOMESTIC BANKINH
.-Sept.
Department will be glad to furnish detailed information in regard to the above or
We will prepare on request lists of conservative investments complying with
special requirements of institutions, estates or individuals.
PHILADELPHIA,
$100
3.88%:
$100 ; 4.i4f;
Quaix-Jam
Qua r.-Feb.
Jail .-J ill v
t
after Jan. 1 11)10)
5.92%
/
River RR. Co.
Utica A: Black River
Rome Watertown A: Ogdensburg
400
Par.
10
Essex
Guaranteed by Michigan Central RR.
Canada Southern (Div. to be 3%
Payable.
-
Pittsburgh Tort Wayne A: Chicago
United New Jersey Railroad A: Canal
Guaranteed by Chicago & Alton RR. Co.
•Joliet A: Chicago
Kansas City St. Louis A: Chicago Preferred
Guaranteed by Delaware Lackawanna & Western
Y ield.
Rate.
YORK
State and City Section
Quotation Section (Monthly)
Railway and Industrial Section (Quarterly)
Bank and
Entered according to
VOL. 84.
(semi-Annual^)
Railway Section
A t of Congress, in tlie year 1907, by William B. Dana Company in tbe offije of Librarian of Congress,Washington, D.C
SATURDAY, FEBRUARY 2 1907.
NO. 2171.
Street
Tl’ccA: ending January
Clearings at—
Chrcmiclje.
..*10 00
Fur One Year
..
Months
European Subscription (including postage)
European Subscription mx months (including
For Six
..
postage)
Annual Subscription in London (including p stage)
Six Months Subscription in London (including postage)
o oo
is oo
..
Springfield
.
Supplements—
I Statk and City (semi-annually)
| street Railway (3 times yearly)
Transient matter per
inch space (14 agate
Two Months
e
o,
Cards
Standing Business
.
Holyoke
'Total New Eng.
Chicago
Cincinnati.
Cleveland
Advertising—Per Inch Space
Terms of
WILLIAM IS. DANA
Corner of
Pine Street,
Youngstown
Kalamazoo
j
j
Lexington
Springfield. Ill
NEW YORK.
Box 958.
Post Office
Davton
Evansville
Pearl Street,
Akron
.
.
Koekford
Canton
CLEARING HOUSE RETURNS.
The following table, made up by telegraph, &c., indicates
that the total bank clearings of all the clearing houses of
the United States for the week ending to-day have been
$3,160,093,851, against $3,229,975,575 last week and
$3,70)1,930,037 the corresponding week last year.
i
Clearings—ID turns by Telegraph.
Week ending February 2.
New York
Boston
Baltimore
.
...
:
.
.
.
-
.j
.
.
.
.......
.
.
St. Louis
New Orleans
.
.
...
.
.
_
days. .....
days .....
Seven cities, 5
Other cities. 5
Total all cities. 5 days
All cities, 1 day
Total all cities
82.67 1,97S .0,72
364,0x9.263
82.570.729 040
83,036.007,935
■
.
.
.
for week
.
The full details for
.
.
.
j
27.951.22X
77.5X7.05X
52.340.007
20.068,02 1
82.171.9X1 30,4
270
398.741
j
.....
1
19.0XX
j!
.
,
138.07 1,02.x
131 2()S.071
194,707 593
49.744 9X4
101
Chicago
5X9 904
21 1
SCI00 093
X51
-
007.S02.102
83.705.930,057
the week covered by the
..
South Bend
Mansfield
Decatur
.Jacksonville.
.Jackson
Ann Arbor
0
•
-f
9 /
f) 0
lx 7
+ 9
15 3
1 1 7
Helena
Sioux Falls
Oakland
San .Jose
1906, 1905 and 1904 are
Minneapolis
Wichita
above will be
Clearings at
■
1907.
|
S
!
|
27.990.7s1
X,0X2.720!
5,099,077!
Washington
Albany
!
Rochester
Scranton
I
__
Syracuse
1
..
Wheeling
Erie
Chester
Creensburg
Binghamton
Franklin
1900.
[2 ,494.544.043
101.101.790i
144.000.5X0
57.X90.X42j
50.511.253
Baltimore
Buffalo.
Wilmington
Reading
Wilkes-Barre
.
j! 2.0X3.701.091
York
Philadelphia
Pittsburgh
New
...
Total Middle.-
...
Pueblo
Lincoln
Tot. oth.We.st.
St, Louis
New Orleans
Louisville
I loustun
Galveston
Richmond
Memphis
Atlanta
Savannah
Nashville
Fort Worth
Norfolk
Birmingham
27.247.213)
7.059,917'
5.220.5351
0.710,035
5.140,045
3,125,943
2.24X.724
3,073.259j
1.9X1.245!
1.907,094
1.300,4X4
1.400,547
1.140.X10
933.493
554,077,
515,473
510,909
475.XOO
233,797
1.27s,120
1.372.410,
J ,230.2X7
1 .103.X 19,
1.074.235!
529.014
407.222;
457,504
447,000
288,101
2,347,139,390 2,771,513,933
Inc. or
Dec.
j
j
Mobile
< ’harleston
Yugiista
Jacksonville
Knoxville
Little Rock
1904.
—
10.0!
-2.4 j
+ 2.71
+ 14.5
+ 9.2
+ 30.7
+ 17.1
+ 13.5;
+ 49.2
—0.4
+ 11.3
+
3.9;
—13.11
+ 4.0
+ 10.3
+ 13.0
+ 0.4
18.9
—
—15-3
23,035,422
0,018.9X7
4.101.770
3,003,555
3,521 921
1.700.000
1,203.012
1,009,2X7
873.500
875,558,
055,071
442,990
534,229
422.517:
337.700
197 340
22.130.737
Columbus. Ga.
Total all..
Outside N. Y
5.157.301 j
3,514.917
Canada
3,074.090 | Montreal
2.401.393 |
1.015,21.x |
9X2.543 | Winnipeg
994.907 I Ottawa
Vancouver
700,745
Halifax
800,710
Oucbee
0IX. 0X0
Hamilton
399.410
304.53 X St. John
379,3X9 London
3X4,200 Victoria
224,208 Calgary
Edmonton
1,826,190,704:1,400,028,200
—4.1
097,110
095.358
+ 30.0
+ 23.7
—0.3
3.7
+ 41
+ 5.9
+ 0.7
+ 8.8
+ 3.0
12.9
+ 10.0
+ 12.0
393.400
4X8.905
490.983
291.508
360,807
020,252
485,088
498,400
440,397
0IX,780
207.828
3X7.700
2 15,445
338,679
258, SI 1
1X7,110
175.060
82,032
173,274
405,122
199,913
174,335
173,738
87,015
258,512,541
229,145.537
29,430,154
8,114,143
29,349,199
—
—
+ 120,
+ 32,7
+ 27-5
Canada.
2,800,967
2,855,850
2.145,765
1,833,697
401,237
404.291
184,172
3.257.400
3,069,375
2,570,993
2.271,480
573,487
491,088
218,940
.
...
.
_
72,717.924
+ 24.0,
51.381, ISO
49.10! ,340
29,845,240
15.3X5.751
9,940.88X
7.511,79X
7,537,410
25.0X3,53 L
+ 19.0
22,388,288
400,011!
20.741.745
13,194,290
0,731,700
5,345,071
4,115,503
4.730,110
1,009,480
1,243,042
1,147,105
805,504
040,275
375,295
373,944
•115.074
1 10.538;
158,310
5.639,207
2.045.331
2.003.295
1 ,078.980
945.793
1,800.0 .0
7X1,403
.510,075
550.000
J5.590.554j
1.3
—
8,585.877 + 15.9
+ 4.2
7.209,720
+ 24.8
0.041.314
+
21.8
4.031,259
2.227.801; + 18.8
+ 12.9
1,773.995
+ 7.7
1.001.109
+ 5.5
890.517
804.973 + 123.0
+
8.2!
722,508
+ 8.0
474.573
4 20.I1
458.071
+ 20.4
315-204
Not included in total
•
14,710.9281
7,202.319,
5,701 900
5.521.040;
4,248.4 13
2.038.1711
1,071.7901
1,179,949
903.984
013.090
J ,120,8X3
86.580,324
75,817,192
+ 14.2
08,401,080.
01.343,512
03.019,223
23.785,073
12.291.139
J 1.310,120
7.900.0 i0
7.591.205
5.479,799
0,850,004
0.737,540
4,000.000
3,447,540
2,951.774
2.559,420
2.0X8,202
1.508.559
01.522,938,
+ 3.4
+ 4.5
1 1.3
+ 41.0
+ 27-0
+ 24.4
53,875,507
19.049,090
10,544.203,
0,840,849
4.514,500
4,724,320
4,890,131
3,077,382
3.279,474
2.599,539
53,040,130
22,771.705
13.801.423
10.!07.544
0.192,500
0.104.358
5.915.224
-
.547.3x3;
275.0)0
17! .034.295 j
3.922.479
3.032,799
2.019,104
1.903.971
1.038.125
1 .582.383
1.559.072
i .380.390
1 .380.338
1.281.009
1 .201.1X7
558.570
339.934
+ 13.7
+ 10.2
+ 30.4
+ 27.5
—4.7
+ 28.3
+ 1 1 .0
+ 10.9
+ 14.9
+ 20.5
1
120,093,391
143,400,357
9.0
820,449
1.207,583
1,109,101
708,250
1.031.000
-
2.477,473.024 2,081,457,703
803.031.835
869.753.355
i
0.909,090
2.205.375
1
.759.023
1
.519,015
1.072.492
J
.501,831
.237.132
1.002,947
871 .818
724.825
i
1.100.541 Not
717,049 Not
72,407,615
+ 10.5
0.0
+ 0.1
30.133.027
23,790.702
1.600.001)
1.585.045
J .178.708
J .001.901
775.000
5.487.000
4.891,354
0,870.008
3.410.225
3,848,509
2,501,405
2,000.100
1,890,650
1,252,417
19.1
-
1.140.273.8X4; 1.077,389,700
1,222,703
9,420,035
1.358,112
2.058.292
-
157,525.781
2.373.407
1.973,914
29,909,043
9.188,180
1.545,895
1.142.145
981.089
1 .097.779
884.38.3
811,092
457.429
194,088
-
3.229.975.575! 3.570,934,343
20,<>.50,331
23.494.899
X.778.431
2,8.39.304
7.4
-
+ 39.7
+ 57.5
+ 2.0
•1.907.530
4,270,592
2.771.44 4
.
5.997,521
3.008,035
4.3X3,754
90,16S 319
.
Total
740,930
•
—
Toronto
7,304.888
5.889,253
3.795.700
2.407,410
2.254,507
2.085,903
1.034,205
1.138,979
570.005
000,320
552.175
+ 20.0
+ 1.7
4
4
X.225.004
lx.2
0.812,201
64.8
+
3.7X0,249
3.575,407 + 25.1;
+ 490
3.079.595
—4.0
032,012
+5.7
425.323
+ 4.4
370,4X5
total
in
Not included
Not included in total
555.0 )0
.
'Total Southern
!
+ 30.7
+ 13.4
+ 19.8
20.8,840
200.338
89,924
1.172.949
1.519.550
Macon
1 277.X25.92X
10 4.071.251
122,753.445
34.X02.023
40,531.019
155,487,435
20.885.750
12.030.092
8,384.570
22,370.150
13,204.537
10.946,300
7,405,331
0.031,901
5.477.000
3.0X7,898
3.102.503
2.033,525
1.708,712
1 .231,340
9.9
-
252.954
1,531.1 15
Chattanooga
•S
Xj
—10.5 1 .007.718.709
5,575.258
0.230.502
4.471.410
4,587.420
003.453
4 19.752
393.0X4
3.2X1.982
xXX.SSX
1
_
1905.
137,772.751
—22.7
-f 2.4
324,791
304,734
2,000.902
.
2 :.
143,287.108
175,254,173
+15.5;
+ 10.7
+ 2+7
+ 3.2!
333,9X4
398,421
1,217.811
Fremont
the total for the whole country shows
Outside of New York the increase over
Week ending January
*
Topeka
Davenport
(’olorado Springs
Cedar Rapids
6.4%.
1906 is
Joseph
Dcs Moines..
Soux City.
Contrasted with
also given.
•
....
(nnaha
St. Paul
1 leaver..
cannot furnish them to-day,
the clearing houses at noon on
above the last day of the week
has to be in all cases estimated, as we go to press Friday night.
We present below our usual detailed figures for the previous
week, covering the returns for the period ending with Satur¬
day noon, January 26, and the results for the corresponding
the week of 1906
a loss of
9.6%.
•
Total Pacific.
M 7
F1
—
Fargo
St.
+
+ 13X
+ X. ft
-+ 5.1
069.750
532.400
522,872
438,390
330,090
373,291
30.059.328
9,750,000
Spokane
City
2.221.513
1 .000.175
I .502.009
XXX.907
813.1 14
802,379
711.240
295,982,533
Tacoma
Kansas
14.729,093
10.952,11 1
9.443,545
0,300.981
5.500.100
4.075.105
3,359.3X0
*47 .833.57S
J2.431.27X
7.5X9,01X
Portland
V
25,190,850
331,502,480
i
500.021
387,153
311,085
438.804
—
n
121,049.625
0.972,500
2,235,786
1,501,889
1,453.144
1.212.008
970,081
1,004.083
500,850
301,873
3X4.300
—
.S13.430
1.500,753
904,408
572,902
490.009
417,490
101.279.
•
San Francisco
Los Angeles
Seattle
Salt Lake < it v
given next Saturday. We
clearings being made up by
Saturday, and hence in the
week in
Ill
_
1 9
-
_
Tot. Mid. West.:
23 7
>
3
3 7
82.124.151.450
004
135.531 51 1
120.321 154
20,040 117
jS 1,020.4X1
1.
-
Philadelphia
1900.
1907.
Per
Cent.
Bloomington
Quincy
Sprngtield, O
1,948,808
1.200,407
1.450,325
1 053.202
27.345.350
15.527.3X1
12,047.012
10,154.047
7.855.994
5.72S. 100
3.073.058
2.590.011
2 275.0x2
2.092.009
1.703.997
1.004.151
1.029,0X0
x ! 5. XI19
059.953
042,227
095.413
0-10.791
410.011
323,542
388,529
353.090
320,929
331.595
201,97S
1 x 1.995
220,371
.
87 00
times)
0,347.400
2,513.835
+ 8.5
2.3 0
10.5
+ 4.4
-1 25.0
+ 31.8
+ 0.2
+ 7.3
198 370,980
Columbus
Toledo
Peoria
Grand Rapids
Mouadnock Block; Tel. Harrison 4012.
1 Drapers’ Gardens, E. C.
COMPANY. Publishers,
-f 7.5
—8.3
203.1X2,005
IndianapolN
CHICAGO OFFICE—P. RarHett,513
LONDON OFFICE—Edwards & Smith,
7.552.000
3.393,477
2,094.30!
2.204,20.x
231.149,230
.
120.974,128
Tl.1
1
1904.
$
8
77.373.270
200.514,661
.
Milwaukee
20
00
50 00
' Three Months (l;l times)
times)
-.
Months
(20
\ Twelve Months (52
1 tetroit
$4
20
22 00
lines)....
(S times)
_
..
Subscription includes following
B \nk and Quotation (monthly)
Railway and Industrial (quarterly)
_
Worcester
Fall R ver
New Bedford,
Lowell
£2 14 a
.11 11s.
-
x.120.500
3.112.3X2
2.272.405
1.090.598
1.023.9X5
1 500.4 lx
1 .21 1.0X5;
755.027
491.050
1 I7.X94.
.
.
Portland
7 r.o
.
..
.
179.240.0X7
.
26.
1905.
"v
8
S
Boston
PruYi ience
liar lord
New Haven
Subscription—Payable in Advance
Terms of
1906.
1907-
PUBLISHED WEEKLY.
Die. or
Dee.
included
included
71,776,045|
—
11.0
—
1.2
+ 27.0
+ 25.3
+ 57.0
+ 5.3
+ 11-4
+ 28.1
+ 10.!)
+ 10.3
+ 0.9
19.516,363
19,173.451
5,229.488
2.045.232
1.389.625
1.412.540
1,398,909
1,153,518
895,818
758,700
508,034
10,993,390
12,091,900
4.202,752
1,502.353
1,035.641
1.284,730
1.135,781
855.333
797.778
040,001
422,820
53,482,338
40,908,551
in total
in total
+
0.9
240
THE CHRONICLE.
} Voii. Lxxxiy.
The return of the United States Steel
THE FINANCIAL SITUATION.
We have had another of those
see-saw
weeks.
In¬
stead, however, of the first half being down and the
half up, or vice-versa, the periodicity has
forced itself into a kind of daily cycle,with a lower
second
record
and
then
another still
lower
as
the distin¬
Corporation
for the December quarter, issued this week, is typical
of the activity of the iron and steel industry, of which
the Steel
Corporation is one of the principal exponents
and in which it is the largest factor.
The quarter re¬
ferred to completes the company's fiscal year, which
corresponds with that of the calendar year. Both the
results for the quarter and for the twelve months are
noteworthy and remarkable. They show a degree of
prosperity which even its most sanguine promoters
could hardly have dared to hope for at the inception
of the enterprise, which ranks as chief among the
world’s greatest industrial undertakings.
But the
success attained follows legitimately and inevitably
as the result of the wise policy pursued by those re¬
sponsible for the conduct of its affairs. This policy has
guishing characteristic. Almost every one of those
who usually write about such things,and give us the
whys and wherefores, tell us they can see no reason
for all this—no reason why the investor keeps out of
Wall Street when such liquidation and declines in
values as have been almost a daily occurrence are
^Jd^npting him to come and buy. Can we say k‘no reaj
soir\ while the iconoclasts at Washington are serving
up their hourly telegrams filled with fresh threats of
destruction to the representatives of the largest body of had two main features: First, the maintenance, as
accumulated wealth the country has in possession? far as possible, of a stable level of values for iron and
No one is allowed to know whether, after his life of steel and their products; and, secondly, the appropria¬
tion of large sums each year out of surplus earnings to
toil—possibly of pinching economies—he’possesses any¬
be used in making extensive additions to property and
thing to ease his last days on earth, or, as he hoped,
th leave to his wife and child so that they might not plant and to bring mills, furnaces, &c., up to modern
/_>e dependent upon the almoners of charity to provide standards, so that the various branches of the Steel
their daily bread.
And all this because, as we are told, Company’s business might hold their own against
outside competition, and also to enable the company
some few men have more than their share of wealth, or
to turn out its various products at a minimum of cost.
because some few may be getting their gains wrong¬
In making these large appropriations for the purposes
ful^. Must we destroy the whole body of moderate
named, this great industrial undertaking adopted the
frugal money-savers in the land in order that we may
punish those few? Then why do the work in such a policy so successfully pursued in the management of
our leading railroads,
with this difference, that the
bitter, hostile, threatening way, and so injure all credit
Steel Corporation by reason of its very magnitude has
and industrial progress? It seems at times as if the au¬
been making appropriations on a scale besides which
thorities were ready to change if not to destroy the whole
those of even the largest of the railroad companies
structure of our government lest it stand in the way of
pale into insignificance. The extent to which earnings
this spirit of envy which is being so widely cultivated.
have been applied in this way will appear more clear¬
There is one noble kind of work which our Chief
ly when we refer to the appropriations out of the in¬
Magistrate at Washington always does so well that we come of the late calendar year further below. The
could wish he might more largely confine his efforts
policy pursued in the matter of prices has been equally
to it.
The class of events we refer to is emphasized by characteristic. This
policy consists simply in follow¬
the gift of a group of friends in Europe, who are
ing a conservative course—not letting prices run too
pledged to the peace movement, of a full-length por¬ high in times of great prosperity and extraordinary
trait of President Roosevelt they are having painted
demand, and not letting them drop too low when de¬
which is to be put in the Peace Palace at The Hague. mand slackens and trade
prostration succeeds trade
Mr. Roosevelt well deserves that honor. The most elation.
We think it can be affirmed that the course
recent event along those lines is the device the Presi¬ here
indicated, and which was deliberately mapped out
dent has evolved of a plan for the settlement of the at the
very beginning, has been faithfully adhered to.
’
very
troublesome questions affecting Japanese, Cali¬
fornian and United States
relations. It seemed almost
The managers
have in periods of activity allowed prices
by slow degrees, but have checked every ten¬
dency towards undue advance, and. in like manner
they have refused to follow values down to unduly low
levels when price movements were reversed.
The year 1906 was in every way a period of phenom¬
enal activity in the iron and steel industry, and the
Steel Corporation, under its conservative administra¬
tion, fortified in the respects enumerated, reflects the
to rise
impossible that this affair could be arranged without
leaving a state of decided irritation between
all parties concerned. A conference Wednesday night
at the White House between the California delegation
in Congress and the President, the Secretary of State
and the Secretary of the Navy has led to a statement
by the parties thereto that a solution will be reached
on
the serious questions involved. The c existing fact in
exceedingly prosperous results. The net earn¬
treaty with Japan expires March 12. A basis for anew ings for the three months ending with December ex¬
treaty with Japan was arranged in a form acceptable to ceed those of every similar period in the company’s
at least
and this basis has now been history—not only for a December quarter but for
found to be acceptable to the San Francisco authorities.
any quarter of any year.
In brief, these net earnings
As the President’s efforts presumably led to the close for the last three months of 1906
(after deducting in
of the Russo-Japanese War, and as this dispute the usual
way the expenditures for ordinary repairs,
promised to weaken the very friendly relations which renewals and maintenance of plants, employees’
have always existed with the Tokio Government, bonus
funds, and also interest' on bonds and fixed
it is especially gratifying that Mr. Roosevelt is to be
charges of the subsidiary companies) amounted to no
the instrument of this happy outcome,and that his less than
$41,744,964. This is better even than the
ingenuity devised the plan for a settlement.
showing for the September and the June quarters,
the Tokio Government,
Fee. 2 1907.1
when the amounts
THE CHRONICLE.
respectively $38,114,624 and
$40,125,033, and compares with $35,216,062 for the
December quarter of 1905 and but $21,466,632 for
the December quarter of 1904. We shall not attempt
to analyze the results for the twelve months of the
calendar year, reserving this until the receipt of the
company’s complete annual report some weeks hence,
which will contain full details of the year’s operations.
We will say here, however, that by combining the four
quarterly returns, it is found that the net earnings for
the calendar year 1906 aggregated no less than $156,619,111, against only $119,787,658 in 1905 and but
were
$73,176,522 in 1904.
of
241
Pittsburgh and Erie
gain of $1,055,500 in gross
for the month has been attended by an augmentation
of $675,200 in expenses, leaving, accordingly, an im¬
provement of $380,300 in the net. On the other hand,
on the lines west of Pittsburgh an increase of $356,100
in gross is accompanied by an increase of $549,000 in
expenses, giving a loss of $192,900 in the net.
For
the combined lines, therefore, the result is that, with
$1,411,600 addition to the gross, there has come
$1,224,200 increase in expenses, leaving the net better
by only $187,400. It should not be overlooked,
though, that the comparison is with very heavy
earnings for that month in previous years. Thus in
a
What
disposition has been made of these enormous December 1905 the combined lines showed no less than
net earnings of $156,619,111?
Interest charges on $3,077,100 gain in gross and $1,891,500 gain in net,
the company’s own bonds called for only $22,839,851. and this followed $1,630,700 increase in gross and
The company has not been at all prodigal in the $1,039,800 increase in net in December 1904.
it has con¬
matter of dividends to its shareholders,
For the twelve months of the company’s fiscal year
tinued the 7% payments on the preferred shares ending with December the improvement is of note¬
requiring $25,219,676, but it has paid only 2% on worthy extent on both the Eastern and the Western
the common shares, taking no more than $10,166,050. lines, and in gross and net alike.
For the Eastern lines
the
Together interest and dividends took $58,225,577, or
figures show an increase of no less than $14,317,900
in
hardly much more than one-third of the $156,619,111
gross and of $5,902,700 in net, while on the Western
net earnings, leaving a balance of $98,393,534.
lines
there is a further increase of $8,479,800 in gross
Out
of this, $6,812,063 was contributed to the sinking and of $2,298,000 in neb.
Hence, for the combined
funds, $21,344,527 to the depreciation and reserve lines the improvement for the calendar year reaches
funds and $7,500,000 to the so-called special improve¬ $22,797,700 in gross and $8,200,700 in net.
While
ment and replacement funds.
Over and above all these gains are of large magnitude they do not reflect
this a round $50,000,000 has been set aside “on the full amount of the expansion in revenues, gross and
account of expenditures made and to be made on net, on the Pennsylvania Railroad system as a whole,
authorized appropriations for additional property, for they cover only the lines directly operated; and in
construction and discharge of capital obligations.”
addition there are a number of roads controlled but
Altogether it will be seen no less than $85,656,590 which make separate reports. In the following we
of the year's earnings are to be applied either in reduc¬ furnish a six-year comparison of the earnings for
tion of the company’s capitalization through sinking December of the lines directly operated east of Pitts¬
funds or for the physical extension and development burgh—being the only portion of the system for which
of the property.
From an interview with Judge Gary, we have the data for such a comparison.
Chairman of the Steel Corporation, it appears that of
Lines Hast
1900.
1905.
1904.
1901.
1903.
1902.
a]
the $50,000,000 special appropriation for new construc¬
Pittsburgh.
December.
8
S
•s
S
$
S
tion, approximately $27,000,000 is intended to be used
(Jross earnings 13,025,017 11,970,1 17 10,097,075
9,228.175 9.529,375 S,300,075
7.507,538
7.230.838
8,398,338
9.073,53s
7,021.638
5.525,338
Oper.
expenses
in building the marvelous steel plant which is being
Net earnings 3.952,079
3.571.779 2,590.137
2,200,537 2,298.537 2.780,737
erected at Gary, Ind.
He also states that this
1
ty:..
Jan. 1 to Dec 31
$27,000,000 remains unspent, and he says that already Cross earnings 14X239 890 133921 990: 118145094 122626394 112663 294 101329 795
Oper. expenses 101X05 699 93,390,409 XI.X02.742 S4.773,042 75.050.942 05,259,543
sufficient money has been set aside to finance the
Net earnings 40,434.281 40,531.5X1 30,342,352 37.853,352 37,612,352 30.070,352
company’s construction work at Gary until 1908 at
least.
It only remains to add that the unfilled orders
The feature of the statement of the New York
reported on hand for Dec. 31 establish a new high
record in that regard in the company’s history.
The Associated Banks last week was a decrease in the
aggregate of the orders unfilled at that date is given surplus reserve by $2,897,900, to $15,562,800. This
•as 8,489,718 tons.
The next previous highest aggre¬ resulted from an increase of $6,144,300 in reserve re¬
gate was that for Sept. 30 1906, when the amount quirements less a gain of $3,246,400 in cash.
Loans
was
7.936,884 tons. On Dec. 31 1905 the corre¬ were expanded by $22,028,100 and deposits were aug¬
sponding aggregate was 7,605,086 tons; for Dec. 31 mented $24,577,200. On Monday of this week there
1904 it was 4,696,203 tons and for Dec. 31 1903 was a payment by the Sub-Treasury of $2,250,000 on
3.215,123 tons. The unprecedented amount of orders account of the new Post Office site in this city; this
on the company’s books affords assurance of a large
was, on Thursday, offset by the payment, through
volume of business during 1907, even though the rail¬ the banks to the Treasury, of $2,613,000 for a ma¬
road industry, upon which the iron industry so greatly tured Central Pacific note.
There was a shipment of
$100,000 gold to Canada this week.
depends, should experience-a reverse.
'
-
i
.
!
The
Pennsylvania Railroad’s return of earnings for
the month of December was given out last evening,
and perhaps the most conspicuous feature in it is the
increase disclosed in the expenses.
It was the 1st of
December the 109f advance in wages went into effect.
The gains in gross earnings, however, continue large
and satisfactory.
On the lines directly operated east
The market for money on call was easier while that
on time was firmer this
week. The former was in¬
by the lighter demand and by increased
offerings; the depression in the stock market. accom¬
panied by continued liquidatio n of speculative ac¬
counts, contributed to the cancellation of loans against
fluenced
the
liquidated collateral,|and the money so released was
[ V OL. LXXXTV.
THE CHRONICLE.
242
branch of the market. The ade on the transportation lines. The absence of
abstention from speculative ventures by clients of prompt mail facilities, as was the case last week, was
an important factor in limiting the demand for ex¬
commission houses induced such houses freely to
change for remittance. Though the settlement on
press their balances and as the inquiry was small,rates
the London Stock Exchange occurred on Thursday,
naturally^ declined. The time-loan branch of the
market was influenced by the immediate and pros¬ there was a light demand for cables, reflecting a small
bull account in Americans. • The inquiry for remit¬
pective demand for loans on corporation notes which
seemed likely to absorb all domestic offerings by tance was principally confined to that for the payment
of securities which had been returned from London.
capitalists and lending institutions; as the rates for
Bankers reported good buying of long sterling for in¬
these loans were such as to be more attractive than
those for ordinary fixed periods, offerings of the latter vestment, and it was stated that at current rates for
these bills calculations show a good profit as the result
were in restricted volume and hence the firmer rates.
of the difference between the cost at the time of pur¬
Though commercial paper showed no change in quo¬
chase and the value of the bill at maturity, even as¬
tations, the business was small, principally because
of the diversion of the demand for paper to corpora¬ suming that sight exchange will be no higher seventy
tion notes.
Money on call, representing bankers' days hence than it is now; it is expected, however,
that exchange will gradually advance in this interval.
balances, loaned at the Stock Exchange during the
There was some speculative selling of short sterling
week at 4% and at 1%%, averaging about 3%;
this week, which contributed to its decline, and there
banks and trust companies loaned at 2% as the mini¬
seemed to be little, disposition to support the market
mum. • On Monday loans were at 4% and at 2%%
offered in the call-loan
with[the bulk of the business at 3%%. On Tuesday
transactions were at 3%% and at'2%% with the ma¬
jority at 3%%. On Wednesday loans were at 3}4%
and at 2% with the bulk of the business at 2%%.
On Thursday transactions were at 3%% and at 1%%
with the majority at 2%%.
On Friday loans were at
4% and at 2%% [with the bulk of the business at 3%.
Time contracts on good mixed Stock Exchange col¬
lateral were'fat 5>4@5%% for thirty to sixty days,
5%% for ninety days to four months, 5%@5%% for
five to six months and 6% for twelve months.
Rates
corporation notes range from 5% to 6%%, ac¬
cording to the standing of the makers and the dis¬
counts and commissions offered for their negotiation.
Commercial paper is quoted at 5%@6J4% for sixty to
ninety-day endorsed bills receivable, 5%@6%% for
for
prime and 6%% for
good four to six months' single
names.
The Bank of
England rate of discount remains un¬
changed at 5%. The cable reports discounts of sixty
to ninety-day bank bills in London 4%%.
The open
market rate at Paris is 3@33/g% and at Berlin and
Erankfort it is 434 %• According to our special cable
from London the Bank of England gained £647,971
bullion during the week and held £34,249,496 at the
close of the week.
According to our special cable
from London, the Bank of England gained £647,971
bullion during the week and held £34,249,496 at the
Our correspondent further advises
close of the week.
us that the gain was due to rather full receipts from
the interior of Great Britain and purchases in the open
market, the export movement being moderate, and
exclusively to South America. The details of the
movement into and out of the Bank were as follows:
Imports, £455,000 (of which £10,000 from the Conti¬
nent and £445,000 bought in open market); exports,
£310,000 (wholly to South America), and receipts of
£503,000 net from the interior of Great Britain.
probability of the speedy placing abroad
of additional amounts of corporation notes.
On Fri¬
day it was announced that £100,000 gold had been
engaged in London by Kuhn, Loeb & Co. for shipment
hither.
These bankers say that the import is an ex¬
change operation and that possibly further engage¬
ments may be made either by them or by other bankers
early next week. American bankers can. at current
rates for exchange, outbid the Bank for gold.
Nominal quotations for sterling exchange are 4 82
@4 82% for sixty day and 4 86@4 863/2 for sight.
The market was active and lower on Saturday of last
week at a decline, compared with the previous day,
of 15 points for long to 4 8140@4 8150, of 15 points
for short to 4 8545@4 8550 and of 10 points for cables
to 4 8615@4 8630.
On Monday the market was
weak and 25 points lower for long at 4 8120@4 8125,
10 points for short at 4 8535@4 8540 and 35 points
for cables at 4 8590@4 8595.
On Tuesday long fell
35 points to 4 8085@4 8090, short 20 points to 4 8515
@4 8520 and cables 10 points to 4 8580@4 8585. On
Wednesday long declined 10 points to 4 8075@4 8085,
short 25 points to 4 8490@4 85 and cables 30 points
to 4 8550@4 8560.
On Thursday long fell 25 points
to 4 8050@4 8065, short 30 points to 4 8465 @4 8470
and cables 15 points to 4 8535@4 8545. The market
was heavy on Friday with long 15 points higher and
short and cables 10 points lower.
The following shows daily posted rates for sterling
exchange by some of the leading drawers:
because of the
1
i
Thar
Wed.,
Tues.,
Mon.,
25 Jan. 28 Jan. 29 Jan. 30 Jan. 31
Fri.,
Jan.
y
j
Brown
Bros. & Co
Baring
& Co..
Bank British
North America
Bank of
Montreal..
Canadian Bank
of Commerce
Heidelbach, Ickelhelmer & Co
Lazard
Freres
Merchants* Bank
of Canada.
S64
824
864
82
82
82
864
864
864
82
82
8633
82 H
86 4
824
80,4
82 4
SG4
82 H
86 4
824
S6}^
864
82'4
864
82.4
S6 4
824
864
824
S64
S2.4
86} a
82
86 4
60 days 4 824
Sight.. 4 863 $
60 days
' Sight..
60 days
‘ Sight..
60 days
Sight..
60 days
Sight..
60 days
Sight..
60 days
Sight..
60 days
' Sight..
4
4
4
4
4
4
4
4
4
4
4
4
4
4
82 4
824
864
824
864
824
864
824
864
824
864
‘
82
82
80
82
SO
82
82
80
82
86
82
86
82
864
82 4
86 4
86.4
824
864
864
824
864
84
86
82
86
82
86
82
80
82
86
82
86
824
SO 4
SO
82
86
82
82
82
SO
82 4
86
82
SG%
86
.
The market closed on Friday at 4 8065@4 8075 for
foreign exchange market was lower this week,
influenced chiefly by liberal offerings against corpora¬ long, 4 8450@4 8460 for short and 4 8525@4 8535
Commercial on banks 4 80@4 SO 10 and
tion notes which were placed in London by prominent for cables.
bankers.
There were also good supplies of commodity documents for payment 4 79% @4 80%. Cotton for
bills, principally against cotton, though those against payment 4 79%@4 79%, cotton for acceptance 4 80
grain were in increased volume, indicating augmented @4 8010 and grain for payment 4 80% @4 80%.
The
exports as the result
of the raising of the freight block¬
Feb. 2
The
to and
1907.]
THE CHRONICLE
following gives the week’s movement of money
from the interior by the New York banks:
Week ending
February 1 1907.
Received by
Shipped by
N.Y. Banks. N. Y. Bayiks.
Currency
Gold
S6.417.000
Total gold and legal tenders
With the
Net Interior.
Movement.
1,347,000
S4,577,000 Gain
675,000 Gain
Sl.S40.000
672,000
S7,764.000
$5,252,000 Gain
$2,512,000
Sub-Treasury operations the result is
as
follows:
Into
Week ending
February 1 1907.
Banks’ interior movem’t
as
above
Sub-Treasury operations
Total gold and legal tenders
Banks.
Out o/
Banks.
87,764,0001
$5,252,000'Gain
31,060,000!
29.660.000 Gain
S3S.S24,000;
S34.912,000 Gain
i
j
The
following table indicates the
the principal European banks:
January 31 1907.
Silver.
$3,912,000
amount of bullion
Total.
Gold.
£
£
£
Silver.
Total.
£
....
..
Russia d..:118 ,051,000
Aus.-Hunb: 46 ,590,000
15 ,405,000
Spain
32 ,196.000
Italy
N’th’ lands
5 .541,100
3 ,284,000
Nat.Belg.a
Sweden
3 ,998,000
4,735 ,000 122 ,786.000 103 .610,000
12,044 .000 58 ,634,000 45 ,466,000
24,434 ,000 39 .S39.000 15 .046,000
4.760 ,100 36 ,956.100 28 ,259,000
5.760 .100 11 ,301.200
6 ,606,500
1,642 .000
4 ,926,000'
3 .405,333
3 ,998,000
3 .792,000
3,629 ,000 107 ,239,000
12.434 ,000' 57 ,900,000
23,218 ,000 38 ,264,000
3.671 ,800 31 .930,800
6,121 ,100! 12 ,727,600
1.702 ,667
5 ,108.000
3 .792.000
Tot. week 397,683,716' 103,646,880 501.330,596 388,662,441
104.892,254 493,554,695
Prev.week397.199.S71 103,538,479 500,738.350;388,653.070 104.774,015:493,427,085
a The division (between gold and
sliver) given In our table of coin and bullion
in the Bank of Germany and the Bank of Belgium is made from the
best estimate
we are able to obtain;
in neither case is it claimed to be accurate, as those banks
make no distinction in their weekly returns, merely reporting
total
the
gold and
silver; but we believe the division we make is a close approximation.
b The Austro-Hungarian Bank Statement is now
issued In Kronen and Heller
instead of Gulden and Kreutzer.
The reduction of the former currency to sterling
Pounds was by considering the Gulden to have the value of 80 cents.
As the
Kronen has really no greater value than 20 cents, our cable
correspondent in
London, in order to reduce Kronen to Pounds, has altered the basis of conversion
by dividing the amount of Kronen by 24 instead of 20.
d The total of gold in the Bank of Russia includes the balance held
abroad—that
is, the amount held for Russian account in other Continental banks.
The propor¬
tion so held and consequently duplicated in the above
statement, is about one-quar¬
ter of the total.
THE GERMAN ELECTION AND SOCIALISM.
A general election in an
with
important State
the
parliamentary form of government is always a matter
of considerable importance, as
showing which way the
current of political feeling moves.
It is not always
true that results
of such
a
contest
general movement in the
in
one
country
direction; but
there are occasions when underlying political causes
are common to all
communities, and when, therefore,
each successive general election—in America, in
England or on the Continent—merely adds witness to
a world-wide
tendency. It is for this reason that
comparison of results at elections in different countries
during the same period become especially valuable as
showing how far a given movement is local or universal.
There has been a rather general feeling, during the
past year or so particularly, that the radical element
was
gaining, and was likely continuously to gain,
more power in national
legislatures. The recent Con¬
prove a
same
gressional elections in this country may not have con¬
firmed the expectation, except in so far as the return¬
ing of
an
administration majority might be interpreted
endorsement of the radical policies of the Ad¬
ministration. But in England the recent general
as
an
election, with its sweeping reversal of Conservative
majorities, brought into power a very considerable
group of labor members who were distinctly a new
element in British politics. In France the elections
of last May went strongly for the
Government; but the
Government itself had to bid for radical votes, and
of late the evidence of
eeau
in
his
commonly believed to be before.
There was thus suggested a possible
general drift
in the direction of radicalism in
European legislatures.
The
occurrence at
the close of last week of the German
general election gave. another and a very valuable
opportunity to test the question. Germany is the
home of the so-called scientific socialism, there is
distinct and by no means negligible socialist
party in
the
Reichstag, and Germany in the past few years,
like the United States, has been largely absorbed in
industrial activity converging on the
great manufac¬
turing centres—in which, accordingly, unusually large
of workers have been
gathered. It is true that
Reichstag cannot be measured, as in
England or America, by the majorities gained by
Administration or Opposition. The
Reichstag, like
the French Deputies, is divided into a
group of seven
or more separate
political factions, which divide, com¬
bine and re-arrange themselves,
according to the nature
of the question under debate, in such
way as to baffle
efforts at discovering the real complexion of the ma¬
jority. Nevertheless, the weakening or strengthening
of any one party’s representation in the
Reichstag,
when that party stands for
something definite, shows
plainly enough how public opinion is moving.
The vote of last week Friday gave some
highly
interesting results—not less so because they were
unexpected. When the Reichstag wras dissolved by
the Emperor, it was understood that the Government’s
appeal to the people wras aimed primarily at the socalled Centre—the clerical element in the
Legislature—
wThich had not only stood in the
way of certain financial
requisitions by the Imperial Government, but in par¬
ticular had opposed the additional estimates asked in
the Government’s budget for the German colonies of
Southwest Africa. In Europe, it was
generally
assumed that the election wTould be a trial of
strength
as between the
imperial authority and this Conserva¬
tive opposition to it.
Judged purely from that point
of view, the result had been
pretty much of a drawn
battle. The clerical Centre thus far
apparently retains
the full representation gained
by it in the election of
1903.
That is to say, the Government’s direct attack
on that element in the
Reichstag has failed.
The Government did not definitely throw
down the
gage to the Socialists, yet it is in this direction that a
victory is now claimed. If it is true that the Sociailst
party had been generally antagonistic to the Imperial
Government and its finance plans, this was no more
true than it has been at
every general election during
the past twenty years. Now, during
that period it is
a matter of record that no
general election has occurred
in which the Socialists have not increased their
pre¬
vious representation in the
Reichstag by from five
to
twenty votes.
They achieved such a result in 1903,
and if political developments in
England and in France
since then are assumed to indicate a world-wide
swing
toward social radicalism, it w-as
surely to be expected
that the German Socialists w^ould
gain still more largely
in the present vote.
Instead of this, the representa¬
tion of the Socialists has been
heavily impaired. • It
wras at once admitted that the Socialist
Party had en¬
popular support to Clemenundertakings—the movement, for in¬ countered
a
defeat.
Over that fact Chancellor
von
stance, for the income tax—shows that a more or Buelow and the Emperor have
exchanged felicitations,
less radical spirit prevails in France; though it
is only and a victory for the Imperial Party has been assumed.
a
elections to the
England..; 34 ,249,496
! 34 ,249,4961 32 .761,730
32 ,761,730
105 ,837,120: 39,427 ,680145 ,264,800:113 ,931,878 42,187 ,687 156
,119,565
Germany a 32 ,532,000 10,844 ,000 43 ,376,000 35 ,784,000 11,928 ,000 47 ,712,000
France
fair to say that Clemenceau himself has become much
less of a radical since assuming office than he was
masses
February 1 1906.
Bank.of
Gold.
$2,512,000
1,400,000
.
1
in
Net Cluingc in
Bank Holdings.
243
THE
244
The
as
we
the
result, perhaps, may be so interpreted,
have shown, the Government failed to
though,
achieve
precise result for which it dissolved the Reichstag.
more importance, however, is the evidence
What is of
provided by this vote that the recent English general
election and the recent developments in French poli¬
tics by no means necessarily signify a general drift
toward socialism.
We should, in fact, be surprised
if the German voters had shown any such tendency.
Like our own people, they are in the midst of high pros¬
perity; employment is general, wages good, and factors
going to provoke discontent, whether social or political,
unusually limited degree. The course
will lend added interest to the
final results of the Russian elections for the new Douma
now in progress.
We shall presently know whether
the exercise of the Czar’s autocratic power will provoke
a still more vigorous endorsement of radicalism at the
polls, or whether the excesses with which the Revolu¬
tionary Party and its adherents greeted that election
will have turned back peaceably disposed voters into
are
present in an
of events in Germany
[VOL. LXXXJV
CHRONICLE.
seriously retarded if such separation had been
enforced heretofore.
Much the same remark may be made with refer¬
ence to the ownership or interest held by employees
been
and officials in
coal-producing companies
sending their
product over the roads. When the railroads in their
early days were anxious to build up their traffic and
revenues, every means for increasing tonnage was en¬
couraged, and the traffic official who could influence
business directly or indirectly through his friends or
through personal ownership was held in high esteem.
The testimony before the Commission last summer
showed that some abuses had grown up out of this
system,
and that it was now being
employed in a
from that originally contem¬
plated; that indeed its character and purpose had
entirely changed. It is noteworthy that, with the ex¬
ception of the Pennsylvania Railroad, practically no
instances could be found of ownership direct or in¬
direct in coal properties by railroad officers or em¬
ployees. In the case of the Pennsylvania Railroad
8-ich ownership or interest existed on a very extensive
the ranks of conservatism.
scale. It is not surprising, however, that this should
have been so in that case, for the Pennsylvania has
THE INTER-STATE COMMERCE COMMISSION’S always been the largest coal-carrying system in the
United States, and from the first great efforts were
REPORT ON COAL DISCRIMINATIONS.
made to build up the coal traffic, owing to the fact
The Inter-State Commerce Commission has furnished
that coal lands lie contiguous to the Pennsylvania
to the press a synopsis of its preliminary report on its
lines nearly everywhere.
investigation into the conditions relating to coal trans¬
Another point should not be overlooked. The
portation in the territory between the Ohio River and
Pennsylvania Railroad officials acted promptly last
the seaboard. The subjects of investigation were
summer when knowledge came through the investi¬
mainly the ownership or interest held by the railroads
gations of the Commission of the objectionable prac¬
or their employees and officials in coal lands and coal
tices that had grown up in recent years
because
properties, and the alleged discrimination in favor of
employees and some officials held interest in coal
or against particular shippers in the supply of cars
and in furnishing facilities for the transportation of properties that were forwarding coal over the Pennsyl¬
vania lines.
Mr. Cassatt, it may be recalled, was in
the coal.
While the investigation was in progress
much of the testimony taken at the different sittings Europe at the time, but hurried home; and the board
of directors of the company, after making an inde¬
of the Commission was given in the daily papers.
Interest now centers chiefly in the Commission’s re¬ pendent investigation in July last issued an executive
order through Mr. Cassatt requiring all officers and
view of this testimony and its conclusions and recom¬
employees to divest themselves of any interest direct
mendations based on the same.
or indirect that they might have in outside concerns,
The anthracite coal companies are not covered by
not only coal companies, but those engaged in any
the report, which relates entirely to soft-coal trans¬
other business'where the holding of such interest
portation. The roads embraced in the investigation
might in any way conflict with their duty to the com¬
were the Norfolk & Western, the Chesapeake & Ohio,
The Com¬
the Baltimore ck Ohio, the Pennsylvania, the Buffalo pany or the company’s duty to the public.
mission is fair in its statement of the matter and prints
Rochester «fc Pittsburgh, the Beech Creek Division of
the order issued on that occasion.
We refer to the
the New York Central, the Pittsburgh Shawmut <k
incident because it furnishes evidence that, as far as
Northern, the Buffalo <k Susquehanna and the West
this particular evil is concerned, a corrective has al¬
Virginia Central <fc Pittsburgh. The Commission
In other words, only in the case
finds, what was known before, that all of the com¬ ready been applied.
of that company did the practice prevail to any extent,
panies named own, directly or by stock ownership in
and when the managers of that company realized that
other companies, large interests in coal lands. There
as now applied it was no longer to the interest of the
has of course been nothing criminal or illegal in that,
and it is obvious that in many instances such mutuality company, and that at the same time public sentiment
had crystallized against it. it was promptly abolished.
of interest was essential to secure to the- carriers the
Similar comment may be made with reference to
shipments of coal from the mines located along their
the ownership by one railroad of stock in another,
lines.
Cnder the Hepburn Rate Bill of last year
such as the ownership by the Pennsylvania Railroad
Congress is seeking to enforce a different course of
of large holdings of shares in the Baltimore <k Ohio
procedure. By the terms of that measure it will be
unlawful after May 1 190S for any carrier to have an Railroad, the Chesapeake A Ohio and the Norfolk <k
Western.
The Commission expresses the opinion
interest in any products to be transported over its
But in ! that as a result of such community of interest between
line save what are intended for its own use.
the ‘different roads, substantial competition between
the past there has been no such prohibition, and no
.the carriers of coal in the territory under consideration
one conversant with the facts will deny that both rail¬
was practically extinguished.
If by this is meant
road development and coal development would have
totally different way
1907.]
Feb. 2
245
THE CHRONICLE.
equitable rating of the mines should be required.
This declaration is so axiomatic that there is no need
for arguing it.
The only question is whether it would
be practicable to carry out the Commission’s sugges¬
that, the statement goes too far. In all essential respects
tion that provision be made for the representation of
these roads remained active competitors with one an¬
Very pos¬
owners of the mines at the rating thereof,
other except that they did not carry their competition
sibly there would be no difficulty in the way, but we
to the extent of cutting rates for the purpose of secur¬
agreed schedules of rates were maintained and
cutting done away with. the truth of the statement may
be admitted.
If we are to imply anything more than
that
do not feel competent
ing business.
certainly competition
of facilities
and each road was just as anxious to make
a record for itself in the matter of business as before.
The policy of maintaining rates was in confirmation
of the saying that self-preservation is the first law of
nature.
Under the old method of indiscriminate cut¬
ting of rates, freight charges had got down to figures
There
was
bankruptcy—actually did bring bank¬
ruptcy in the case of such roads as the Erie, the Nor¬
Western and the Baltimore A Ohio, and would
folk
have involved even the Pennsylvania itself in ruin
if it had not been changed through the union of
interests brought about by Mr. Cassatt. «This is one
of the things of which we find no mention in the report
of the Commission and perhaps it did not come within
the precise scope of the joint resolution of Congress
authorizing the investigation. And yet it is a feature
having an important bearing upon the ethics and
wisdom of the policy so widely entered upon among
railroad interests in recent years of adhering to agreed
schedules of rates rather than encouraging unbridled
competition. However, even in that regard the Penn¬
sylvania Railroad at least has been prompt to fall in
line with public sentiment.
When it was seen that
the holding of an interest in neighboring or competing
roads was no longer looked upon with popular favor,
the management disposed of the greater part of its
holdings in the other trunk line properties.
In the main we find ourselves in accord with the
recommendations of the Commission. They urge,
first, that every common carrier engaged in inter¬
state transportation of coal be required to make
public the system of car distribution in effect upon its
railway and the several divisions thereof. The Com¬
mission find that it has been mainly because of the lack
of publicity that inequality and discrimination in the
distribution of cars for the shipment of coal has been
made possible.
They say that if the carriers had in
all cases conducted their business with shippers openly
and had furnished information as to car distribution,
much of the favoritism which is claimed to have
existed would have been averted and wherever unjust
suspicions were aroused the fact that they were un¬
founded would have readily appeared.
They note,
too, that whenever there has been a car distribution
the details of which were open to the inspection of
shippers, though the latter might complain of not
that threatened
receiving
as many cars as
and
required, still in such
to express an
opinion on the
point.
To
the Commission’s third
recommendation hearty
approval may be given. They urge that after the
lapse of a reasonable time, carriers engaged in inter¬
state commerce be prohibited from using “individual”
or “private” cars for thejhandling of coal traffic; and,
further, that when a carrier is unable to furnish all
the cars required by all the shippers upon its line, all
cars in service on the road (excepting individual or
privately owned cars, until their use is prohibited)
be treated as the equipment of the company and sub¬
ject to distribution according to the system ,or plan
There can be no two opinions
in effect at that time.
as to how the “private” car should be treated.
The
“private” car is one of those barnacles that has fastened
itself upon the railroads with ever-increasing danger
alike to the carriers and general shippers, and the
sooner it can be got rid of the better.
The fourth recommendation is a two-fold one, the
first part being that carriers engaged in inter-State
commerce be forbidden after reasonable time to own
or have any interest direct or indirect in any operated
properties except such as are exclusively for their
own fuel supply.
It seems to us that this is precisely
what the Hepburn Bill undertakes to'require of the
roads in the provision which becomes operative’after
May 1 1908. We are not at all sure that this pro¬
vision in the Hepburn law, disturbing so seriously
coal
be carried
into effect.
It will certainly work great hardship in
many instances and where there are bond issues secured
by joint mortgages on the coal properties and the
vested interests, is
Constitutional
or can
how separation can
The second part of the Commission’s
be enforced.
last recommendation is that ownership, either direct or
indirect by officers or employees of common carriers
of any coal properties or any of the stock of coal com¬
panies, along the line of road by which they are em¬
ployed, be forbidden. In view of recent experiences
and developments it strikes us that.such a require¬
ment would be both wise and proper and certainly
railroads alike, it is difficult to see
,
salutary.
CHICAGO & NORTH WESTERN RESULTS
THE CALENDAR YEAR.
EOR
North Western
Railway Co. for the calendar year, as5 distinct from
the company’s report for the fiscal year ending June 80,
cases
The
statement
of the Chicago &
of the always an interesting one, is more than ordinarily
is, it so on the present occasion. In the first place, the
company has been making several additions to its
seems to us, both logic and force in what the Commis¬
stock in recent periods. Thus, in July 1905 share
sion has to say on this point, and in our estimation
holders subscribed for $10,609,200 new common stock
there can never be too much publicity regarding the
at par; in May 1906 they subscribed for $16,267,400
affairs of the railroads.
more of the common stock at par;
and the present
Nor can we conceive of any objection to the second
month they have been given the privilege of taking
recommendation of the Commission, provided the
little or no complaint as to unfairness
carriers as between different patrons. There
there
was
proposed by the Commission is feasible. $24,403,000 additional at par, payable March 16. The
three issues together, it will be seen, aggregate over
that where the capacity of the mines is the
51 million dollars, showing how provision is being
the distribution of equipment, a fair, just
arrangement
They
say
basis for
246
THE CHRONICLE.
made for
developing the traffic and providing addi-.
large
appropriations from earnings for the same purpose
which this important system has been
making year
by year in steadily increasing amounts for a long
tional facilities for the same—in addition to the
time past.
The figures attract attention for still another
A
earnings
reason.
no
longer
bring proportionate,additions to the net. The ten¬
dency of transportation rates is downward, both as a
result of the voluntary action of the roads them¬
selves and as a consequence of action
by the public
authorities, while at the same time the cost of labor
and of materials and supplies is steadily
increasing.
In the matter of labor, there have been
important
advances in wages of certain classes of
employees
quite recently and naturally returns of earnings merit
particular notice on that account, as they enable one
to see how any given road is faring
under this state of
things.
Perhaps the most noteworthy feature in the North
Western's statement for the calendar year is that it
tells of
a
$9,963,101 in 1904.
continuance of those remarkable characteris¬
tics for which this
well-managed property has been so
long distinguished. Gross earnings disclose further
strikingly large increase, and net earnings also (treat¬
This
LXXXIV.
than double
the amount of the call for the dividends at the rate
of 7% on the common stock and
was more
8%
stock.-
The
dividends
twelve months
all the recent
stage has been reached in the railroad history of the
United States where gains in gross
and
[VOL.
on
the preferred
on
calculated
for
the full
the whole amount of the stock after
are
additions—barring only the
stock
being offered to the shareholders and which, of
course, has not yet been issued and therefore is not
outstanding. Owing to the additions to the stock, the
new
now
call for the dividends in 1906
much larger
preceding, having been $7,053,346,
against only $5,546,232 in 1905 and $5,174,924 in
was
very
than in the years
as
1904.
But
under this increase in the dividend
even
requirement the $15,250,638 net earnings remaining
charges were $8,197,292 in excess of the
call for the dividends.
The management followed its
usual practice of making a large
appropriation out of
earnings for construction, improvements and perman¬
ent additions to the property; and the available net
income having been so large, the amount of this
appro¬
priation has been even more liberal than in former
years.
In a word, no less than $6,000,000 was set
above fixed
aside
in
this way.
To put the matter in a different form, the
company,
while distributing $7,053,346 out of the year's
as
dividends to the
earnings
shareholders, applied $6,000,000
to improvements and betterments and even then had
ing the twelve months as a whole) show a substantial left a surplus of $2,197,292, which in effect was
applied
addition, while in the matter of yearly surplus and the in the same way—that is, went either to
improve the
large appropriations made out of the same, all former physical or financial condition of the
property. Dur¬
records in that regard are surpassed.
In brief, aggre¬ ing the last five years the specific appropriations from
gate gross earnings, after having increased from net earnings have
aggregated almost 25 million dollars,
$53,705,091 in 1904 to $59,066,556 in 1905, have now and yet, as we see, the
company finds itself obliged, in
increased to $66,437,599 in 1906, while net
earnings order to fulfil its duty to The public and protect the
have risen from $16,667,889 in 1904 to $18,671,501
property, to raise enormous further amounts of
in 1905 and to
$21,377,714 in 1906. These are the money through new capital additions. The
following
results for substantially the same mileage in the three furnishes a
comparative summary of the income re¬
years, the average length of road operated having been sults for the last four calendar
years.
7,410 miles in 1904 and in 1905, and 7,468 miles in
voice months ending Dec. 31
With
earnings thus improving in such a notable
fashion, the company's fixed charges are being at the
same
’
Chicago <& North West
Miles of road (average)
1906.
time
net amount
offsets the
reduced.
of the
In
fixed
this
we
allude
to
the
charges after countings
company's income from investments.
as
But
the remark is also true with reference to the
gross
amount of the charges.
These have decreased con¬
Gross
earnings
Expenses and taxes.
Net
.
.
earnings.
.
...
1906.
7,468
$
w.
.66,437,599
.45,050,885
.
.
.
.
.
/
.
54,396,248
36,882.225
16,667,889
17,514,023
bd ,479 ,788
225,009
225,500
225,000
05,972,792
225,500
6.127,076
6,345,494
6,704.788
6,198,292
15,250,638
7,053,346
12,326,007
9,963,101
5,174,924
8,197,292
6,000,000
6.77T.775
_
Surplus
37,037,202
18,671,501
..
.
New equipment, &c_
53.705,091
aO, 1 19,994
_
.
1903.
7,189
5
$
.do ,902,076
Sinking funds
Balance for stock.
Dividends
59,066,556
40.395,055
1904.
7,410
.21 ,377.714
.
Charges—
Interest (less credits)
Total
1905.
7,410
$
5,546,232
4,600,000
1 1
,315 ,73 1
5,174,742
4.788.177
4,000,000
6,140,989
5,013,418
siderably, having been $6,637,072 for the calendar
2,197,292
2,179,775
788,177
1,127,571
year 1906 as against $6,769,929 for 1905 and $6,936,723
This allows lor
credit of $040,93;") for Income from Investments.
b Tiils-'is amount after
for 1904.
In the net amount of the interest
deduction of $456,935for Income from invest¬
charges ments.
We have allowed in 1903 for
credit of $880,767 for income from in¬
the reduction has been still more.marked,
owing to vestments.
d After allowing for a credit of $734,996 for income from
Investments.'
the fact that the company is getting better returns on
some of its investments.
As the company’s fiscal year ends on June .30, it will
The company holds $9,320,000 of the common and $5,380,000 of the
preferred be useful to have the results separately' for the six
stock of the Chicago St. Paul Minneapolis & Omaha months ending with Dec. 31, forming the first half of
Railway and the common stock of that road now the current or new fiscal year. Accordingly, we have
pays 7% where prior to 1905 only 6% was paid. compiled the following, which shows the gross and net
There has also been an increase in the other items of earnings for each of the months from July to Decem¬
investments. Altogether, the credit on account of ber, inclusive, for the last three years.
other income was $734,996 in 1906 against $649,935
MONTHLY GROSS AND NET EARNINGS.
a
.
.
.
a
a
c
in
1905 and
$456,935 in 1904. As a result the net
charge for interest in 1906 was $5,902,076 against
$6,119,994 in 1905 and $6,479,788 in‘1904.
Allowing also for the $225,000 contribution to the
sinking funds, a balance of net earnings remains over
and above charges and sinking funds of no less than
$15,250,638 in 1906 against only $12,326,007 in 1905
a
Chicago &
North Western.
1906.
-Gross Earnings
1905.
$
/ft
1904.
S
Earnings
s
First 0 mos.. 30,549,941 20.149,941 24.111,763
1906.
S
1905.
S
8,970,102
6.478,501
1904.
S
6,152.326
July
1.919.917
1,602,506
1,963.283
2,289,986
2,540,713
2,081,151
1,715.361
1,520,658
1,628.571
2,088,546
2,000.696
1.784,802
1,492.290
August.
September
October
November
December
Last 6
mos.
.
5.510,910
5,977,485
6.148.305
6,590,898
5.929,308
5,724.752
4.928,301
5,361,303
5,766,337
6,148,512
5.636.926
5,075,236
.
4.626,469
4,930,512
5,387,389
5.373,722
4,834.070
4,441,166
2,137,030
2,153,649
2,452,287
1.922.802
1.821,627
35.8S7.65S 32.916,615 29.593.32S 12,407,312 12.193,000 10,515,563
Total year. 66,437.599 59,066,556 53,705.091 21,377,714 18.671.501
16.667.889
Feb. 2 1907.
In this last table the
force of the influences which at is
the railroads is more
plainly in evidence than when the results for the
calendar year are considered as a whole. We mean
that the part played by increasing expenses in the
present are working adversely to
manifest. Gross earnings
keep expanding very fast and yet not very much
faster than the augmentation in expenses.
Thus, for
the six months ending with December 1906 the gross
increased from $32,916,615 to $35,887,658, but the
net earnings gained only from $12,193,000 to $12,407,312. In other words, with $2,971,043 addition
to the gross, the addition to the net was no more than
$214,312. Three of the six months, namely Septem¬
ber, October and November, actually record losses in
net in face of considerable gains in gross earnings.
Only exceptionally large gains in the gross seem to
bring additions to the net now. It is this for which
we must become prepared in the railroad world.
The
Chicago Sc North Western, by reason of the phenome¬
nal strength of its income position, can view with in¬
difference a change in prospects where to many other
large companies a setback will be a matter of deep
affairs of the roads is very
concern.
GOLD AND SILVER
PRODUCTION AND
MOVEMENTS IN 1906.
judgment respecting the gold supply was
confined to the facts relating to the active struggle
for gold which has been in progress the last six months
If
our
world’s monetary centres, the
conclusion would be that the output of the mines was
of 1906 between the
been on the
decline for a series of years. That the struggle for
possession has been phenomenally sharp, hardly needs
to be said.
Not only has the old supply been sought,
but the weekly deliveries from the mines have met
not
only decreasing but that it must have
active, eager bidders.
Every one knows, however, that the active demand
was in no degree due to a decrease in the production.
production of that metal has been growing
since 1882 and without a setback, except the shortage
in the South African supply which occurred in 1900
to 1902 inclusive, caused almost wholly by the Boer
War and the lack of labor which followed its close.
Previous to that occurrence the year 1882 was notable
as being the twelve months of the smallest gold output
of the world’s mines since 1851.
In 1882 the yield
shrank to a value of only $99,757,848, or expressed in
ounces, to 4,825,794 ounces.
Prior to 1851 the annual
compilations are more or less unreliable. With 1882,
the }rear of minimum yield, the new era set in.
At the
start the increase was slow; for the first six years it
averaged only about one million "dollars annually, the
year’s total in 1S88 being only $106,989,444. In 18S7
South Africa began its marvelous career as a gold
producer, with an output that year of 28,754 ounces,
valued at $122,140.
We give in our tables below the
The world’s
247
THE CHRONICLE
|
a
marvel.
Including the
year
just closed, the eleven
since 1896 have added to the old stock $3,322,760,841. It should be kept in mind that we are not
referring to any article of the character of food products
but to a non-perishable article.
The aggregate product
of the same metal in the fifteen years from 1882 to 1896
reached but $1,S70,434,882. That is to say, in the
eleven years ending with 1906 the new supply was
$1,452,325,959 larger than it was in the whole previous
period of fifteen years. Moreover, as the article we
are dealing with is, we repeat, not perishable, has a
high value, and is kept with special diligence, the
public holds to-day, excepting what has been used in
the arts, $5,193,195,723 in addition to the stock on
hand in 1881, which sufficed to facilitate trade at
that time. These few facts would on their face appear
to afford evidence of an abundant supply to meet
every want of the world’s business centres without
friction.
It should also be added that the world’s con¬
sumption of gold in the arts, &c., is not large, though
it has been gaining during recent years.
Growth is
particularly true of the United States, but it is also
true, though in a less degree, of the rest of the world.
Our Mint Bureau is generally accepted by the world
as the authority on that point.
Mr. Roberts’s latest
compilation is for 1905. His total given for that year
was $85,122,000.
If we assume $92,000,000 as the
amount so used in 1906—it being a very active year
in an industrial way—the estimate given for last year
would seem to be not far from the actual figure.
The places of lodgment for this large gold output
and stock are much more numerous than they were
formerly. There is scarcely one among commercial
nations now that has not in some way ^adopted the
gold standard, not on ajbasis of full value but by some
fixed relation to gold, and is consequently keeping
and building up a stock for reserve.
This has come
about through the well-known circumstance that it is
only a short time since silver was the actual currency
of many countries that are no longer in thaUsituation.
One by one, through different methods, they have gotten
into the current which has carried them away from
silver to gold.
With such a tendency existing, it is
hard to follow the routes and stopping-places where
the metal collects, orjjto measure its volume.
As to
the prospective output of gold, a little fear has been
felt lest the Transvaal production might mffer a
moderate setback. This feeling was due to the new
phase of the labor prospects which the new Constitu¬
tion imposes.
It plainly deprives the colony of a
free hand in dealing with Chinese labor, while allowing
it to deal with Kaffir labor as it pleases.
Altogether,
it is hoped that the crisis in the Transvaal is now
passed and the mines will continue to keep up an
increasing product. If that expectation is realized,
we see no reason why the world’s output should not
be further added to. A noteworthy fact is the re¬
markable vitality in the supply from the United
years
9
only of Africa but of all the other States.
The Director of the Mint has published in his general
important producers which at present furnish the
report for quite a number of years an aggregate
world’s annual new gold supply.
But how does the total output distribute itself? claimed to include in a single total the visible supply
Where has it all gone? Why should there be such lack of gold in the world and also the supply in circula¬
For the last two years (1904 and 1905) the
in supply in sight and coming into sight as to warrant so tion.
earnest a scramble to get possession of every little statement is much fuller and decidedly more useful.
bit of the new output? The size of the additional His report for 1905 has been issued this month and in it
totals the markets have received during recent years he has brought down these data to December 31 1905.
annual progress not
[YOL. LXXX1Y,
THE CHRONICLE
248
GOLD2PRODUCT AVERAGED EVERY FIVE YEARS FROM
total visible stock of gold in the world
at the date mentioned (Dec. 31 1905) of $3,469,300,000
and in circulation $3,014,200,000. The similar com¬
pilation given in the 1904 report—that is, for the year
ending Dec. 31 1904—makes the stock in banks and
public depositories $3,364,600,000 and in circulation
$2,622,500,000. We bring these figures for the two
years together, with the totals of consumption and
the world’s gold output.
Of course circulation figures
are very largely and necessarily estimates;
but the
visible stocks are a compilation made up of reports
from forty-one different countries.
We give below
They show
a
these returns with other data referred to
Year
l n Banks and
ending—
Depositories.
Dec. 31 1905.53,459.300,000
Dec. 31 1904. 3,304.000.000
hi Circulation.
$3.014,200.000
2,022.500,500
Average
5 gears.
ounces.
1851-1855.
1856-1860
1861-1865.
.
.
1871-1875
1876-1880.
1881-1885.
1886-1890.
1891-1895.
..
...
TO
1895.
Aver, value.
Aver, value.
dollars.
sterling.
£29,195,400
27,817,800
24,709.200
4.913,550
20.871 .777
5,320,834
7,862,103
22,601 .764
33,396.663
162,523,833.
.
23,810,205
22,385.102
ANNUAL GOL D OUTPUT FIROM
Year.
1896
1897
1898
1899
1900.
1901
1902
1903
1904
1905
1906a
Total Ounces.
9,820,075
.
.
...11 .483,712
.
.
u
World's
consumption.
.
.14,016,374
15,220,263
12,684,958
i 2,894,856
14.437,669
15.778,016
16,739,448
18,290,567
19,372,887
.1856-1860
1861-1865
1866,1870
1871-1875
.1876-1880
Vul., Sterling.
£4 1 .71 3.7 i 5
48,780,51 1
59,538,652
64,652,663
53,883.164
54,774,769
61,328,330
67,021 .856
7 1 .105,827
77,694,670
82,292,149
_
.
.
.
.1881-1885
..1886-1890
1891-1895
.
.
1896 TO 1906.
-
Year.
Values, Dollars.
$202,998,626.
237.388.99n.
289,743,680.
314.630,233.
262,220,915.
266,559,884.
298,452 ,606.
326,159.991
346,034,521
378,098.942
400,472.445
.
.
.
.
.
1896
1897
1898
1899
1900
1901
1902
1903
1904
1905
1/191.6
.
Estimated itij part.
DETAILS
OFFICIAL
$85,122,000
80,000,000
.
.
26,048,764
.\ verage
5 gears.
18510 855
-
$142,078,604
135,374,554.
120,246,641
126,765,576.
115,871,703.
108,936,479.
101,571 ,919.
109,991 ,225.
6,873.064
6,548,755
5,816,941
6,132,295
5,605,303
5,269,811
.....
1866-1870.
above.
Total A mount
oj Yield.
$378,098.94 2
340.034.521
For
1851
Average
FROM
GOLD-PRODUUI NG ( O "NTRI ES.
Fromjthe reports we have obtained from the
mines,
figures, if we assume the estimated circulation mintjt bureaus and other official and semi-official
to be substantially correct, show a requirement to sources respecting gold-mining in 1906, we are able
to deduce the following:
meet the world’s demands in excess of the world’s
United States.—The preliminary estimate of the output of
product. Of course the addition to the world’s visible
the gold mines in the United States for 1906 which Mr. George
stock ($104,700,000) is not in a sense an actual de¬
E. Roberts, the Director of tin* Mint, has kindly furnished
mand; and yet it may have been taken in pursuance us, indicates that the country as a whole has increased its
of a statutory call for more reserve; and hence one of production approximately 10%, or in about the same ratio
the year’s needs.
Leaving that item out, however, as in 1904 and 1905. This in itself is a satisfactory showing,
and assuming the increase in circulation in some but unless there has been large exaggeration.in the reports
coming to hand during the year from sections where it is
measure an exaggeration, as is usually the case with
claimed that development has progressed with decided
new-gold-standard countries, and adding the amount rapidity, it is likely to prove an under-estimate. Reports
used in the arts, it will be seen that the requirements from Colorado tend fullv to confirm Mr. Roberts s figures of
about $5,000,000 decrease in that State, and the moderate
were in excess of the production. Further¬
The following detailed compilation of the gold falling off in California is hardly to be questioned.
more, an addition of nearly 50% to the previous year’s yield
product will enable the reader to trace the growth in Alaska is probably close to what the official compilation
in the contribution from the various sources of supply will show.
But the gain in Nevada, large as it is-estimated
—almost
90%—seems
below what reports have warranted
since 1881.
Corresponding information from 1871
unless, as stated above, periodic advices from the various
to 1881 will be found in Yol. 70 of the “Chronicle,”
fields have been decidedly exaggerated.
Even making allow¬
page 256, and from 1851 to 1871 in Yol. 54, page 144. ance for ordinary exaggeration, the amount of gold secured
GOLD.— PRODUCTION IN THE WORLD—OUNCES AND VALUES.
in Nevada in 1906 would appear to have bee^ much more
than 474,840 fine ounces valued at $9,815,800.
1
Goldfield
j
and Tonopah have been the districts of greatest activity in
I
q
1906, and the important feature of the year was the rich
strike in the Mohawk mine at the former place in April.
1
as1'*
Work has been pushed almost unceasingly since that time,
I V,
, *°
and it is confidently stated that $10,000,000 of more had
| x
been taken out in 1906.
Other new mines have also served
X*
to
swell
Nevada’s
aggregate
output of gold. Stales other
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Mr. Roberts's estimate for 1900 makes the output of the mines
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4,648,913
fine ounces, valued at $96,101,400. The ounces
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Cold
Fine a:s.
Valia.
Valia
Fine ozs.
Production.
Fine azs.
Colorado
1 .180.147 $24 395.800 1 243.291 825.701.100 1.101 549
'901 416
19.197.100
928.660
18.994.800
918 873
California
14.925.0(0 1 02n 024
9.100.500
722.026
443.139
Alaska
330 OJv
6.913.900
7 024.600
334.400
South Dakota 339.815
221 >3$
4.889.300
5.0974 00
236.520
246.(06
Montana
15.5 952
2.691.3(0
3.343.900
130,1(2
161.761
Arizona
250 206
5.140.900
248.691
4.215.000
203.(02
Utah
474 >-’U
5 359.10 0
208.390
4.307,800
259 246
Nevada
52.9f”'
1.075.0(0
1.503.700
.52.( 32
72,742
Idaho
66.209
1.244,9(0
1,309.900
00.222
63.366
Oregon
12 379
265.800
12,858
381.(00
18.475
New Mexico..
17 057
370 0(0
327.9(0
17.899
15.862
Washington..
14 3-2
367.660
382.3(0
17.782
18.493
South. States
22.045
38..TO
18.800
1.8(3
909
Other States.
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21.251.100
6.822,700
4.585.800
3.213.8 CO
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255.900
352.600
297 360
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interrupted by the Boer War and its after
has increased steadily and rapidly,
until in 1900 the aggregate output of all t-hc fields reached
0,601,685 fine ounces. This outcome becomes more signifi¬
cant when it is stated that the annual yield of gold in Africa
now exceeds by nearly 50% either
of the producers (the
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For figures frim 1881 to 1871 see Yol. 70, pages 256 to 2(.(’.
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1871 to 18; 1, see \ ol. 54, pi ges lsl io 144.
feThe ounces in tlie foregoing table for any of the countries given may be tinned
into dollars by multiplying by 20 6718.
rlhe value in pounds sterling may also
be ascertained by multiply ng the ounces by 4 2478.
'11 v.s. according to tl.e above,
the product in Australia in 1906, stated in dollars, is $81,956,038, and in sterling.
£ 16,840.955.
e ’ L’ k ‘. • k ‘:1 L‘ l
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Africa
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Totals....
Australasia) nearest to it in aggregate
Furthermore, its 1900 product is over one-
third of that of the whole world, and is greater than was ob¬
tained from all countries in as late a year as 1891.
From the Witwatersrand district alone 5.559,534 fine
ounces have been secured, which is an increase of over 18%
over 1905.
One of the difficulties under which mining has
been prosecuted since the close of the war was
eliminated in 1906.
We refer to the insufficiency of laborers.
The year opened with a quite adequate force in The
and we have heard no complaints of lack of men since.
largely
mines,
Moreover,
a
report
received from Johannesburg states that
the recent invention of a new drill,driven by an air-hammer
is thought to hold out a promise of relief in some measure
from the labor difficulty by enabling the companies to em-
Feb. 2
249
THE CHRONICLE.
1907.]
Canada.—For such information as we have obtained bear¬
ploy more whites as well as Kaffirs and Chinese in the mines. ing upon gold production in Canada in 1906 we are under
Not only the Rand but the reports from the other individ¬
obligation to Mr. E. D. Ingalls. Mining Engineer to the
ual fields in Africa which we have received "are distinctly en¬
Geological Survey of Canada. His estimate now at hand
couraging. The Rand, as stated above, produced 5,559,534 indicates a further decrease in yield of nearly 100,000 fine
fine ounces in 1906. the December result being 529,521 fine
ounces, the total output of gold being placed at only 604,689
ounces, or 115,100 fine ounces more than for the correspond¬
fine ounces against 700,800 fine ounces in 1905 and the large
ing period of 1905. The results by months for the Rand
of 1,350,475 fine ounces in 1900. As the discovery
proper for the last six years were as follows.
The aggregate
of gold in the Yukon district was responsible for the great
figures are stated in fine ounces, the basis on which reports increase in Canadian production from 1896 to 1900, the
are now officially made:
steadily decreasing results from that field explain the rapid
WIT WATERS RAND DISTRICT -FINE OUNCES.
1906.
falling off in yield in recent years. That the Yukon is the
1905.
1904.
1003.
1002.
1J01.
O vie s.
411.256
357,214
278,867
102,935
70 341
really important contributor to the Canadian total remains
Jmm try
3'9.2s3
351.052
2s2.436
187,978
si.405
true.
The gold taken from its mines served mainly to run
Febnurv
424.773
385,575
299,625
20S.450
104.12s
M irch
420 467
385 3J4
the yearly total up by rapid stages from 136,274 line ounces
297.470
2 IS.900
110.5
SO
April
441.936
400.149
306,586
224,400
13s.003
in 1896 to 1,350,475 fine ounces in 1900, and after the con¬
7,47b
Miy
456.014
396,188
299,913
228,168
1 ;2 7Sl
9,779
Juno
473 385
stant decline of the past five years the output is nearly
401.121
298.825
212.070
l
10.179
25.960
July
*_
4s9.7S7
410.859
301.113
262,569
102.751
2s.475
41/2 times what it was before the far North became a factor
All<U'!
486.522
309,536
301.131
267,513
170.S02
31.034
September
in production.
521397
397,868
313,928
The results for Canada for the last fourteen
275-664
170.000
33.303
Octobe •
515.193
407.056
324.011
2 <*2.107
1 s2.7 49
3>.07ti
November
years, stated in fine ounces and values, are as follows: Ounces.
529.521
414.421
349,889
278.710
.,
.
_
.
_.
------
.
.
.
.
-
-
-
_
.
.
-
.
.
.
-
.
.
.
.
_
.
_
Totals
.
.
_
Deeember
_
.
.
1.001.525
23S.005
!’mm
Asid**
lsO.537
‘>2.SO7
.
.
.
Values.
*>
2.S59.479
4.706.433
3,653.794
5.559-534
in the
the Rand, there is nu group of mines
Transvaai.comprising eleven workings,in Barberton, Lydenburg, Kl< rksdorp, Heidelberg and Leydsdorp.
This group
has also dene better than in 1905, increasing its yield from
Rhodesia like¬
190,7SS fine ounces t« 227.0S3 fine ounces.
wise makes a very satisfactory report, advancing its output
Canada's
production in 1893
“
“ 1894,
r
“
“
“
•*
*•
“
*•
_
19111*
1903.
190-4.
1905
“
“
*•
*•
1
1
1
27,916,752
..
..-.24.462,222
20.741.245
..
“
6,089,500
13,838.700
...21 324,300
..
_
2,817,000
.
-
-.
1898.
1899.
1900.
••
“
“
44,853
50,411
<92,440
136,274
294,582
669,445
1 ,03 i ,563
$917,100
,042,100
1.910,900
•
1897-
“
-.-
1
1805
1896.
“
*•
“
.
._
.
18,834 .500
16,400,000
,350,475
,183,362
,003,359
9 11,118
793,350
700,800
604,689
409,836 gross'
14,486.800
12.590,000
*•
1906.
mines of West Africa
date
we
dost*
this review. it is imin 1905 re¬
Hussia.—At the early
port 221.*061 gross minces in 1906.
Furthermore, advices practicable to obtain any complete data of Russia's gold,
indicate that the French colonics, which include Algeria,
product from either official or unofficial sources. It is,
Madagascar and the French Soudan, have likewise assisted however, highly probable from the course of affairs reported
in enlarging the world’s new supply of gold.
Bringing to¬ that the working of the mines has been a little less vigorously
gether tk r< suits for all the fields outside the Rand, we reach
prosecuted than in 1905. For the purposes of this compila¬
an
s‘i*.na*ed production of about 1,042,151 line ounces, or
tion we have estimated the 1906 output as approximately
following
251,11! fine oimcis more than in 1905.
Tin*
indi¬
1 .027.970 fine ounces.
Results for fourteen years (including
mrtions of Africa
1906 t“ 553.9S5 gross ounces, as against
ounces in tie* preceding year, and the
and Egypt that produced 165,303 gross ounces
in
*•
“
“
.
<
Tii *
1 v
cates
si Iiec
ol
jrogress
,
-v
i
22
.
1
.
•
1 Svt
1 < •()
Ivl!
1 SI.1
lsj;;
.
.
1894
1 89 *,
.
.
.
'57.071
in 1.552
5 562.813
.; :*>o ooi
_
-
_
.
.605.385
1901
„
.
23 s.095
! 0’i 1. >25
2 s.vi. 4”9
1 .015.203
7.1 s.5,2' 0
12.1 16. 104
3
15.520.329
i53.794
>.433
19.991 .658
23.5s5.400
4 TO
*
’I'm ai
v.0.53!
.-•7
.J05
1
■50
28.754
2 i0.2u0
300.0 23
479.302
.
.50 (h.O
50.000
7 1 .552
127.052
i is.701
150.977
22 7.7:15
2*3.06.
307.280
458 1 s,3
■500.747
788.040
1,042.151
2 12.3 '(I
212.590
303.969
.530.091
05! ,05.2
079.550
907-500
1 .140.900
1 .244.755
1 .388.780
1 .4 52.357
1 .298.900
70 1.051
! .901 21 1
727.912
150.519
1 .3si .128
1 .s05 .'538
2115.138
2.150.100
1
2.818.493
5.90 1.721
3.665.875
562.307
474,690
1 .305.200
1 1940.290
2 .105.303
3 .347.430
4 480.s.4«i
•
797-0 47 .5.880.74.5 25
Total-
estimate)
appended.
are
.0 10.258
1.998,81 |
3.317.002
4.103.541
Ounces.
1 ,345,224
1.554.794
26:35.980
3.0 2.024
4 .ss,.176
,5.800.750
7.924.451
8.98-1.985
9.135.220
1 1 .972.390
10,580.472
15.571 .927
2.388,509
2.010.414
8.490.559
14.092.784
17.085.932
0.001,685
43..500.9.50
184.837.905
obtained'from Australasia in¬
dicate a rather important decline in aggregate production of
gold during 1906, the decrease for the whole* country approxi¬
cias//7cV<\bd .—Tin* returns
mating 267.461 fine outlet's.
ing, it cannot be said to be
tin* developments of 1905,
While this result is disappoint¬
entirely unexpected in view of
$27,808,20 1
24,103,396
production in 1893
••
1894
“
*•
**. 1895
..
..
..
"
••
•*
“
••
“
••
••
••
••
<•
“
"
1.167,455
1 ,397,767
28 ,8*9 ? .360
2 1 ,535.757
•
a
'
1904
1905
••
**
.
ls,,n
1897
1898
1899
1900
1901
1902
1903
"
1 020.000
23.339 094
28.072 249
5.194.473
s
—
l*
122.140
Ounces.
C
-
-
326.041
341.90s
30.5.784
166.022
2.35.701
14-2 73,0 Is
1.079.51s
-
.
10.5s5.6I0'
15.134.1 15
—
(hoists.
7-s.37.779
7 .Sss .465
;
.
.
-
Russia
■
Otfur
270.000
s-r,.i3s
i
Is.is
is:*9
I ooo
1902
T 903
19114
1 10 .
100 ;
\Vitu\Unsr v' i
£
O l > Ci .V.
122.1 40
2 <,75 1
-0 > .210
i 90.266
1 312.10 1
3'6.023
1
73 2 . i ! i
-iO .* .750
2 *. 2.3 i3
600.S'60
4.255.52 1
1 0 11. sis
5.1s7 206
1 221.151
0.u*>0.,i:*,4
1
.775
-
ISO*.
Is97
the 1906
I’llODUTION- -FINE OUNCES.
•
.
|
\'alius.
U RIC VS COLD
i a/-.
Iss71 p trt v i
>ld mining in "till
■
1 ,04 1
1 ,978,356
1 .0-7,97
2! .350,000
1906
.T‘l>4
1.124,5 1 1
1 .23 1 .791
1 .072.333
97 1,537
I .135.100
1,1011,000
1.19 1 .582
1 .1*99,857
33.245.666
25,463.337
22.167,100
20.145.500
23,46 1.562
22.739 .0 13
24 .63-2 .30(1
24,803,200
22,29 1 ,60i)
number of years t he ret urns
failed to add to their annual
yield of gold. The early returns we receive are confined
wholly to t lie workings in t he (’(Mar field, t lie import ant source
of supply in India, and for 1906 their aggregate product
India.
—
For t he first time
reaches
ounces
in
a
of India have
from the mines
but 563,478 gross ounces,
In fact, the current
in 1905.
The statement of yield of the Colar field
presented in gross ounces, is as follows:
year since 1902.
for seven years,
INDIA—COLD PRODUCTION
EAST
against 615,561 gross
total is loss than in any
MINES.
PRINCIPAL
1902.
1906.
1905.
1904.
1903.
Ounces.
Ounces.
Ounces.
Ounces.
Ounces
1901.
1900.
Ounces.
Ounces.
159.574 15.8.999 164.063
158.042 217.135 213X38 211.466
84.357
86.909
88.075
84.698
73.571
66.236
68.881
168,504 163,000 163.135
205.918 205.389 201.909 192,897
Mysore
57.000 47.737
58.031
70.129
68.569
70.561
72.439
Nundydrooe
15.509
19,500
26.607
27.155
31.706
42.470
46.432
Balaehat Mysore.
_.
5.096
6,915
7.800
11.441
12.328
13.177
Mysore West «fc Wvnaad
8,525
6.676
5,000
4.272
593
2,64!
Coromandel.
5,875
6.082
Nine Reefs
3,000
737
Mysore (Sold Field . .
1.869
VVondali (Dceean).
1.523
202
Road Block
514.328 501.607 495.840
.563.478 615-561 606.193 597.786
Totals
(‘hanipion R**ef
Onreiium
and goes to confirm the ex¬
for the falling off in output in some
The reason we gave* a year ago
for the discouraging
returns was that the lower levels
of a number of the leading mines were turning out a
poorer grade of ore.
In Westralia the yield has been
steadily declining since 1903,"-moderately at first, but in the
last year the loss reached 160,769 fine ounces.
The same is
true of Queensland, the mines of that colony contributing
Other Countries.—Then* are a few other sources of gold
but 493,120 fine ounces of gold to the world’s new .supply
supply to which passing reference should be made. Mexico,
in 1906. against 577.559 fine ounces in 1905 and 686,469 fine
the most important of these, continues to progress at a
ounces in 1903.
Victoria has done less well than in 1905 by moderate pace, and our information leads us to conclude
some 24.000 line ounces, but
shows a gain over 1904 and that the output of.the country reached about 775,000 fine
1903.
On the other hand, New Zealand gives a mod¬ ounces in 1906 against 738,261 fine ounces in 1905.
Outside
erately better result than in 1905. We append a table in¬ of Russia, Europe contributes only in a small way to the
dicating the product of each colony in fine ounces, the figures world’s gold product—Germany, Sweden, Italy, Turkey
in a few instances being in part estimated, but we believe
and Great Britain reporting amounts running from a few
will very closely approximate the actual output.
It will be ounces up to near 200, and Austria-Hungary annually fur¬
observed that the aggregate yield in 1906 was 3,964,630 fine nishing a little above 100.000 fine ounces.
South American
ounces against 4,232,091 fine ounces in 1905.
countries are uncertain sources of supply individually, al¬
product of cold ix Australasian colonies—fink of.vcks.
though between 300,000 and 400,000 fine ounces can lx* ex¬
South Tasma- Total A
Xew
Western
.Vcw S').
Queens¬
pected as their yearly contribution. Japan, China, Korea
tralasia.
in.
.4
ustralia.
Z'aland.
.4 ustralui
land.
Wales.
Viet
Yrs.
1.453.172
and Siam in the Far East,and Central America, complete the
17.965
30.003 •180.968 21.541
I16.774 531 016
554.22 5
1890
1.518.690
27.886 231.837 26.404 44.497
list of countries from which the world’s annual new supply
141.069 516.710
1891
.530.287
1.638.238
35.857 39.817
54.785 218.401
142.227 545.051
-00 2.109
ls92
of gold is drawn.
1
.711.892
30.844 34.377
From the scattered data we have been
206,852
101.132
562.649
103.571
1803 --012.407
2 020.180
planation then given
important districts.
_
-
_
-
^
_
.
..
-.
.
_
_
-
.
..
.
—
--
-
-
--
-
-
__
us-
.
n
<<■ a.
-
.
1S9 4
1895
1890
1897
1 898
1899.
1900.
1901
1902.
190319041905.
1906.
.619 780
.680-879
740.080
-.747 744
-.770.277
-.793.418
-.720.666
.711 .046
72 s .380
-.767.351
..771.298
...810 050
-.786.054
,
_
298. SOI
331.352
272.386
268.840
314.385
40.8.665
281.209
216.884
254.432
258.488
269,817
274.263
253.987
621.000
581.147
587.155
743294
844.652
S71.816
855.959
733.975
653.362
686.469
024.917
577.559
493.120
190,561
212.992
258.764
633.515
966.167
1.512.366
1 .438.659
1.616.933
1.769.176
2.064.798
1.985.230
1.955 316
1 794.547
203 .,810
270.012
242,624
231,512
257.762
358,418
335.300
412.868
4.59.408
479.738
467.647
32.976
43.556
26.6,84
9.497
18.400
30.351
53.243
50.567
57.579
.55,876
63.995
70.492
26.4.58
29,668
65.710
70.990
60.974
36.678
60.000
74.316
23.662
24.401
17.913
20.547
.520.040
532.922 O22.000
<?S2.000
2.170.505
2.185.872
2.690.278
3.235.638
4,105.526
3.729.961
3.792.364
3,949.394
4.317.923
4.196.822
4.232.091
3.904.630
able to secure from
we are led to make
aggregate.
SILVER
o
Estima-fdjinjpart.
PRODUCTION OF THE
districts,
the 1905
WORLD.
appreciated in value considerably the
result of the increasing demand for that
Although silver has
last few years, as a
metal apparently it has not
statistics to enable us to secure
We have, of course, obtained
,
duction in the
v
these miscellaneous producing
only a very slight addition to
United
stimulated enough the desire for
much early data of production.
Mr. Roberts’s estimate of pro¬
States and a little information from
250
THE CHRONICLE.
Mexico and Australia, but from elsewhere nothing.
Such
information as we have, however, seems to point to a pro¬
duction differing but slightly from a year ago, and on that
basis we have prepared the 1906 figures given below.
With
regard to the price of the metal, the 1906 advance has been
important, reaching in the average 3 l-16d., the highest
London price having been 333^d., the lowest 29d. and the
average 30j^d.
In 1905 the average was 27 13-16d., in
1904 was 26%d., in 1903 was 24%d. and in 1902 was 24 l-16d.
It is worthy of note that 333^d., the highest point reached
in 1906, is higher than at any time since December 1893.
We give below a statement covering each year since 1890.
See “Chronicle” of Feb. 11 1899, page 258, for figures back
to 1871.
.SILVER.-WORLD’S PROD LOTION IN OUNCES AN!) STERLING
United
.4 It Other
Tulal.
Fine
States.
Mexico.
Australia.
Values.
Producers.
Total
Ounces.
Ounces.
Ounces.
Ounces.
Ounces.
Ounces.
£ a
1 SO I
53.330,000 35,719.2.37
10.000,000 33,916.175 137.965,412 25.900,270
ls92
63,500.000 39.504,300 13.439,011
36,496.175 152.939.936 25,370,513
1S93._
60.000.000 44,370,717 20,501,497 41,223.06.3 166.100,277 24,655.510
1394..
40.500.000 47,033.331
13.073.440 53.140,696 167,752.517 20,226,410
1395
55.726.045 40.962.733
12.507.335 53.933,231 169.1 SO .249 21,059,416
Total
’91-95. 237.056.945 213.595.373 74.521 .233 213.764.340 793.933,441 117,212,123
1396-.
53.334.300 45,713.932
12.233.700 40.268.883 157.061.370
19,959,882
1397...
53.360.000 53.903,1.30
11 .373,000
44.431,992 164.073,172 18.885,500
139354.433,000 56.733.000
10.491.100 51.560.764 173.227,*64
19,488,135
1399 •54.764.500 55.612.090
12.636.653 44.161.000 167.224.243
19,161.112
I960.57.047.000 57,437,303
13,340,263 44.413.302 172,3.38,873 20,344,575
by law, and
shall
cease
[VOL.
any
be
to
LiXXXIV,
member failing to comply with this rule
a
member.
.Under still another
amend¬
ment which is to be
passed upon, and which it is thought
companies, it is provided that, except
with the consent and approval of the executive committee,
and upon such conditions as said committee shall
impose,
no member of the Baltimore
Clearing House shall clear or
make exchanges for any non-member bank, banker, banking
firm or trust company, directly or indirectly, without in¬
curring the penalty of expulsion from the Clearing House.
is aimed at the trust
—Charles Hallam
State
Keep, who v’as appointed New* York
Superintendent of Banking by Gov. Hughes, took the
oath of office
new'
on
Tuesday and entered immediately
upon
his
duties.
—The annual
banquet of the New York City bankers,
Group VIII., held at the Waldorf-Astoria last
Wednesday evening, was an enjoyable affair. The gather¬
ing, attended by five hundred guests, was notable for its
simplicity, representative character and sociable nature.
All The important financial interests in the banking w'orld
Total
were present, seated in little
’96-00 279.544.300 269.410.060 60.634,716 224.836.446 834.425.522 97.339.204
groups of eight and sixteen
1901..
55.214.000 57,656.549
10.230.046
40.910.688 173,011,233
19.598.934
around
small tables.
The balcony boxes were occupied
1902..
55,500.000 60.176,604
.3,026.037 39.060,342 162.763.433
16,318.731
1903..
54.300.000 70.499,942
9.632,356 .33.206,394 167,639.192
17.292.944
during the evening by the ladies. Sitting with Stephen
1904
57.632,300 60.303,973 14.553.392 31.285,738 164.336.403 13.059.836
1905
56.101.600 54.652,393
12.561.600 34.023.369 157^39.962
18.233.407
Baker, Chairman of Group VIII. and toastmaster, at the
Total
aroi-05. 273.793.400 303.794,966 55.059.431 187,487,531 825,140.323 89 ,503,902 table of honor w'ere: J. P.
Morgan, Commander Robert E.
1906
56.133.500 55.000.000
12.000,000 34,500.000 157.633.500 20,285,325
Peary,
U.
S.
N.;
Hon.
Charles
H. Keep, new State Banking
Values of silver i:i this table
commercial values and
computed on the
average ppiee each year of silver as given by Messrs. Pixley
Superintendent; Brig.-Gen. Frederick Dent Grunt, Richard
Abell. London.
Vallie
of £ in this table. 84.3605.
Delafield, Wilfred T. Grenfell, C. M. G., Dumont Clarke,
Hamilton Fish, Elliott C. McDougal, President New York
ITEMS ABOUT BANKS, BANKERS AND TRUST CO’S.
State Bankers’ Association; William Sherer, Comptroller
—The public sales of bank stocks this week aggregate Herman A. Metz, Gilson S. Whitson, President American
Bankers’ Association; Valentine P. Snyder, Sir Casper Pur208 shares, of which 197 shares were sold at the Stock Ex¬
don
Clarke, George F. Baker, Rev. Howard Chandler Rob¬
change and 11 shares at auction. The transactions in trust
bins, Alexander Gilbert and the Right Reverend David H.
company stocks were limited to one sale of twenty shares.
Greer.
Each guest received a souvenir leather
With the exception of three shares sold at auction at 190
cigar
case.
Alexander
the dealings in National Bank of Commerce stock amounting
Gilbert, President New York Clearingto 200 shares were all at the Stock Exchange at'prices ranging
House, commenced the after-dinner speaking with a remi¬
niscent
account of banking in this city since 18(32. when he
from 182*^ to 185.
The table below’, given injfourjusual
went
into
business, picturing interestingly conditions then
form, show's the actual sales of^Newr York'City bank stocks
arid now, and also emphasizing the mission of tho Clearingmade during the week at auction and at the Stock’Exchange.
House as this country’s conservative banking force in times
Extensive tables showingTthe bid and asked quotations,
deposits, surplus, &c., of banks and trust companies in allc of prosperity'and adversity. Commander Peary was hear¬
important cities of the United States arc published monthly tily cheered when he rose to describe his Arct ic experiences in
in the “Bank and Quotation” Section, the
February issue of his attempt to reach the north pole last year. His manly
which accompanies to-day’s “Chronicle.”
Bid and asked narrative was frequently applauded. Rev. Howard Chand¬
quotations for all New' York City bank and trust company ler Robbins of Englewood, N. J., related his youthful ex¬
stocks are also published weekly in another department of periments-in banking, much to the merriment of the assem¬
bled bankers.
Hon. Charles II. Keep and Wilfred T. Gren¬
the paper, and will be found to-day on pages 256 and 257.
fell
also
Shares.
Last previous sale.
BANKS—New York.
Low.
spoke. Gov. Hughes sent a telegram regretting
High. Close.
6 America, Bank of.
550
550
550
Nov.
1906— 530
his inability to attend.
All the features of this year’s ban¬
x200 Commerce, Xat. Bank of
182 4 190 Li 183
Jan.
1907— 185
quet
w'ere
marked
by
an
informality which tended to make
2 New York N. B. A., Bk. of. 325 4 325 4 325 4 Nov.
1906— 3154
the occasion more enjoyable.
TRUST COMPANY—New York.
The Banquet Committee
20 Lincoln Trust Co
392
392
Jan.
392
1907
390
in charge included: Stephen Baker, Walter M. Bennett,
x Of this amount 197 shares were sold at the Stock. Exchange.
Francis Halpin, Robert A. Parker, Charles H. Stout. Gilbert
—The currency bill now pending in Congress (No. 23,017)
G. Thorne and II. H. Powell, Secretary and Treasurer
has-been endorsed and recommended for passage in resolu¬ of the Group.
tions recently adopted by the Chicago Clearing House and
—In a booklet entitled “The Responsibilities of Directors,”
the Norfolk Clearing House Association.
The Washington, w’ith
especial reference to the control and regulation of trust
I). C., Board of Trade has also passed a resolution advo¬
companies in New' York State, the Lincoln Trust Company
cating the issuance of a credit currency by the national of this
city has added another number to its series of in¬
banks of the country under such rules and proper restrictions
structive
pamphlets.
It begins with the statement
as may be provided for in a law which Congress may deem it
that “with the multiplication of banks and trust companies
_
.
.
.
members of
-
..
.
-
.
.
-
.
.
a
are
are
-
'
—
wise to enact.
—The
application of the Land Title & Trust Company of
Philadelphia for clearing-house privileges has been approved
b}'' the Philadelphia Clearing House Association. This is
the first institution to make application for the privilege
since the association decided to permit the clearing of trust
companies through members, beginning February 1.
—An amendment
to
the constitution of the
Baltimore
Clearing House Association, shortly to be put before the
members for their approval, will, if adopted, either prevent
the Third National Bank of that city from transacting an
“all-night” business or bar it from membership in the asso¬
ciation.
The bank is the only Baltimore institution con¬
ducting a day-and-night business, having inaugurated the
policy last September. The amendment referred to speci¬
fies that the business hours of members of the association
shall be from 9
a. m.
to 3 p. m.,
except where otherwise fixed
throughout the country,as a result of prosperous trade con¬
ditions, it becomes not only desirable but almost necessary
that the public, who are asked to confide their affairs, fidu¬
ciary and financial, to these institutions, should be better
informed as to their organization, their functions and their
stability.” This, it continues, is a matter of special import
and significance in relation to the trust company.
An out¬
line of the government of the trust companies in this State
is submitted, and it is pointed out that there is perhaps no
more
interesting legislative requirement enacted of the
companies than that which calls for semi-annual examina¬
tion and detailed reports of the results by their own boards
of directors.
To further acquaint the reader with the re¬
quirements, fac-simile reproductions of portions of the forms
issued by the Banking Department for this purpose are given.
It is added: “In the State of New York legislation has gone
as far as it reasonably can for the present; the rest must lie
Feb. 2
1907.]
351
THE CHRONICLE
whose duties are so clearly de¬ present locations and under 1 the same management, except
that the directorate of the Puritan will be increased by the
fined.
If they perform their sworn duties, it would seem
election of six members from the board of the United States
well nigh impossible for any ill to befall the trust companies
Trust Company.
William R. Dresser, President of the
ihat cannot be easily remedied before it has become incurable.
Puritan Trust, died on January 8.
And since the only absolute safeguard against loss is, after
—F. W. Adams has replaced A. P. Baker as Cashier of
all, personal integrity combined with ability, the clients must
consider not only the character of a trust company director¬ the Merchants’ National Bank of Bangor, Me.
ate as a whole, but the individual standing and responsibility
—C. Jones Rixey" has been elected to succeed George C.
with the officers and directors,
of its
members.’’
S3,000,000 capital of the Mechanics’ National
Bank of this city is now listed on the New York Stock Ex¬
change, the application to list the $1,000,000 additional
stock authorized in April 1904 by the stockholders having
—The total
been
approved this week.
Rogers was elected President of the Nassau
a meeting of the directors on Wednesday.
He succeeds Frank H. Richardson, whose death occurred
on January 16.
The new executive has served the bank for
fifty y’cars, and at the last annual meeting was elected to the
office of Second Vice-President, having previously (since
1869) been Cashier.
—Announcement was made this week of the proposed
-—William II.
Bank of this
city at
Henning, resigned, as President of the Traders’ National
Bank of Washington, D. C.
Mr. Rixey was previously
Vice-President.
—Several changes
have been made in t he
personnel of the
Riggs National Bank of Washington, D. C. Arthur T. Brice
Flather, respectively!Cashier and Assistant
Cashier, have become Vice-Presidents; Henry H. Flather
has succeeded to the cashiership and Joshua Evans Jr. has
been given the office of Assistant Cashier.
—Allan McLane has tendered his resignation as VicePresident of the Maryland Trust Company" of Baltimore, to
take effect March 1.
Mr. McLane retires from the company’s
service to follow the practice of law.
and William J.
—Robert Wardrop, President of the People’s National
organization by copper interests of the National Copper Bank of Pittsburgh, in which office he continues, was lately
Bank, to have a capital stock of $2,000,000 and $2,000,000 chosen President of the Safe Deposit & Trust Company of
surplus, commencing business about May 1st in the new Pittsburgh. I). McK. Lloyd, the former President of the
Trinity Building, 115 Broadway. The incorporators are: Safe Deposit & Trust Company, has been made a Vice-Presi¬
John D. Ryan, President of the Ancaonda Copper Co., and
dent and member of the executive committee of that in¬
Managing Director of the Amalgamated Copper Co.; Thomas stitution
F. Cole, President of the Oliver Mining Co., a subsidiary com¬
—At the annual meeting of the Cleveland Trust Company
pany of the United States Steel Corporation, and President
on Jan. 23, several changes were made in the official staff.
of the Butte Coalition and Greene-Cananea;
William A. The
management is now as follows: President, Calvary
Paine of Boston, President of the Copper Range Consolidated
Morris; Vice-President and General Manager, E. G. Tillotson;
Co.; U. H. Broughton, President of Utah Consolidated and Vice-Presidents, M. H. Wilson and C. O. Patch (formerly
Managing Director of the United Metals Selling Co., and Secretary and Treasurer); Treasurer, A. G. Tame; Secretary,
W. B. Dickson, Second Vice-President of the United States
A. R. Horr; Assistant Treasurer, C. R..Green; Trust Officer,
Steel Corporation.
The new bank will pay particular atten¬ J. M. Hende rson.
tion to the business of the copper-mining concerns throughout
—The New National Bank and the Savings Bank Com¬
.
the country.
pany" of Warren, Ohio (both having $100,000 capital), are
—Joseph Adams has been elected Assistant Treasurer of to be merged, into the Western Reserve National Bank of
the United States Mortgage & Trust Company of this city to
The merger
Warren.
The latter has a capital of $100,000.
succeed William C. Ivison, resigned.
The latter had is to
go into effect Feb. 21.
been
with the company for the past six years, and is
—Louis G. Pochat, formerly" Assistant Cashier of the Mar¬
a son of the late D.
B. Ivison, formerly President of the
ket National Bank of Cincinnati, has been elected Cashier
American Book Company".
It is understood he gives up his
succeeding E. A. Donnally, resigned. D. William Gayle
present position to go into a Wall Street firm.
has become First Assistant Cashier.
—Dr. John P. Munn, President, of the United States Life
—The stockholders of the Central Savings Bank Company
Insurance Co.., has been elected a trustee of the Washington
of Toledo voted last week to merge the business of their
Trust Company, Broadway and Chambers Street.
In the bank with the Lucas County Savings Bank Company of
summer the Washington Trust will
move to the PostalToledo.
It is reported that before this union takes place the
Telegraph Building, 253 Broadway, corner of Murray Street. American Savings Bank Company’, capital 850,000, will be
The institution will occupy" the entire second floor, which it
merged with the Central, a majority of the stockholders of
has leased for twentyr-five years.
the American having previously- agreed to such a merger.
—The directors of the First National Bank of Morristown,
In uniting the business of the Central and Lucas County
New Jersey, have called a special meeting of the shareholders
Savings banks, a new institution has been incorporated un¬
to ratify their recommendation to double the present capital
der the name of the Continental Trust & Savings Bank Com¬
stock of $100,000.
The new stock will be issued to the pany, to which the two banks will turn over their deposits.
stockholders at $150 per share.
The bank’s current surplus The new bank will have a capital of $200,000, fully paid.
is
$100,000, undivided profits $215,223 and deposits The Lucas County Savings Bank has a capital of the same
$2,847,456 72. If the proposal is approved, $200,000 will amount, one-half of which is paid in. Its shareholders will
be transferred from undivided profits to surplus account,
receive-in exchange for their stock $100,000 of stock in the
increasing that item to $300,000, which,with the capital of proposed bank, while the stockholders of the Central will be
$200,000, will allow the institution to increase its 10% loaning asked to subscribe for the remaining $100,000 at par. The
capacity according to the new law to $50,000 on surplus and Central will be liquidated. The following have been elected
capital.
officers of the new institution: Chairman of the board, E. T.
—Carroll E. Bowen, who on January 8 was advanced from
Affleck; President, L. S. Baumgardner; Vice-Presidents,
the cashiership to the vice-presidency" of the Traders’ Na¬ W. W. Morrison and Irving Squire; Secretary and Treasurer,
tional Bank of Rochester, N. Y., died on the 25th ult.
He E. F. Rowley" and Auditor, J. E. Alvord.
was also interested in the formation of the Genessec Valley-Another union of Toledo financial institutions lias been
Trust Company" of Rochester, of which he was a director. arranged, namely", between the Merchants’ National and the
Mr. Bowen was forty-six years of age.
Second National banks.
The details of this consolidation
have
been
worked
out
committee appointed for the pur¬
bya
—Alexander R. Turkington, President of the First Na¬
tional Bank of Stamford, Conn., died on the 31st ult.
He pose, and as soon as passed upon by the boards of directors
will be submitted for ratification by- the stockholders.
The
was sixty" years of age.
bank
will
consolidated
operate
as
the
Second
National
and
—The announcement is made that a large interest in the
will have a capital of $1,000,000, with a surplus of like
Puritan Trust Company of Boston, capital $200,000, has j
The present Second National has a capital of
been obtained by" interests identified with the United States | amount.
Trust Company" of Boston.
There is said to be no intention j $350,000 and surplus and profits a little in excess of $1,000,To carry out the plan of consolidation it will first in000.
to consolidate the institutions, which will remain at their [
j
capital to $700,000, declaring for the purpose a
cash dividend of 100% to be used in purchasing the addi¬
tional stock.
The other $300,000 stock, making up the
$1,000,000 capital of the new Second National, will go to
the stockholders of the Merchants’, which has a capital of
$300,000 and surplus and profits of $303,549.
crease
fVoL. lxxxiy.
THE CHRONICLE.
252
its
—The stockholders of the First National Bank and the
Commercial National Bank of Detroit,
Mich., will meet
on
from
of
$200,000 to $400,000,to provide for the stockholders
absorbed
the
The
bank.
enlarged bank is under the
management of Earl W. Oglebay, President; A. J. Clarke,
Chairman of the board; W. B. Irvine, Vice-President; G. A.
Wagner, Vice-President and Cashier; E. W. Zinn and T. E.
Bodley, Assistant Cashiers.
—The Bank of Commerce & Trust
Company of Memphis,
Tenn., has adopted the policy of having its statement cer¬
tified to by a certified public accountant.
The firm of Ed¬
Tuesday next, the 5th inst., to rat if y the action of their re¬
ward S. Elliott & Co., auditors, announce that they have
spective boards, which recently decided to consolidate the
institutions.
The bank resulting from the union of these officially examined the books and find that on December 31
two representative institutions is to operate under the; present 1900 the total resources of the institution were $8,108,200,
The capital is $1,charter of the First National, and will probably have a capital its deposits amounting to $5,959,515.
J. T.
of $2,000,000, with a paid-up surplus of $1,000,000. 'Its 500,000, while the surplus and profits are $708,085.
Watkins
J.
A.
Fargason
is
President;
John
H.
and
Omberg,
President, it is understood, will be Morris L. Williams, now
at the head of the Commercial.
This last named bank has Vice-Presidents, James II. Fisher. Secretary, and S. J.
capital of $1,000,000, and surplus and undivided
profits
of
$070,300.
The January
20
statement
shows deposits of $7,752,052 and total resources of $10,375,207. The bank with which it is to-consolidat-e, namely,
the* First National, has a capital of $750,000, surplus and
profits of $471,042 and deposits (November 12) of $8,044,732.
John T. Shaw and Emory W. Clark, Vice-Presidents of the
First, will, according to report, hold similar offices with the
a
consolidated bank.
—J. H. Johnson, for some years Cashier of the Peninsular
Savings Bank of Detroit, Mich., has been elected President
of
t
Shepherd.* Trust Officer.
—Charles
the 28th nit.
—
—The
January statements of the Chicago banks show
comparatively slight variations from the November reports.
This applies to both National and State banks.
The largest
gain in deposits is that of the Continental National Bank,
(to which we refer in the item below) —about (i}4 millions. The
next largest increase is shown by that prodigious infant, the
‘‘First Trint Sz Savings” appendage of the First National
Bank. viz.. $1,729,000 gain in less than three months, and
total d*-posits of nearly $30,000,000 in less than two years.
The combined deposits of the First National and First Trust
(V Savings banks are now 140 million dollars, bringing this
financial institution up to nearly, if not quite, the first rank
in the 1 idled States.
Tim National Bank of the Republic
shows a gain in deposits of nearly $1,200.000; the Hibernian
Banking Association of nearly $1,000,000; the State Bank
of Chicago about $800,000; the Central Trust Company of
Illinois, $715,000, and the Drovers' Deposit National Bank
President of the First National
A: Trust Company- of
Schulte,
Union Savings Bank
Memphis, Tenn., died in
on
Ho
a
was
sanitarium at Battle Creek, Mich.,
sixty-two years of age.
\V. II. Hubbard has boon elected Vico-Prosidom of the
Fourth
Bank
Montgomery, Ala., to succeed
A. J. Jones has been advanced from
the office of Assistant-Cashier to the p st of Cashier, formerly
held by Mr. Hubbard.
J. W.
National
uf
Black, retired.
Baiiquc Provincial!1 till
January 23 H. Laporto was (‘looted
President, succeeding G. N. Dueliarme. who retired on ac¬
count of pressure of personal alTairs.
—At the annual meeting of La
Canada
lie inst it ution.
W.
Bank and the
of
Montreal
on
-—Tiie stockholders of the
Bank of Toronto
(head offiee.
Toronto) at tie- annual morning January 9 empowered the
directors to increas'* the authorized capital from $4,000,000
to $10,000,000 and to issue the additional stock from lime
to time as required.
Last spring the'capital was raised from
$3,500,000 to the authorized amount of $4,000,000. and
the $500,000 of new stock was disposed of at a premium
of 100%.
Very nearly all of tin’s has been paid in', the
bank's. statement for. the year ending November 30 1900
showing the' paid-up amount to br 83,943,530. The net
profits of the bank for the same year wen* $544,290, which,
with the premium of $483,945 on the stock and the balance
of $109,040 at credit of protit and
loss the previous-year,
gave a total of $1,137,287.
This sum was distributed as
follows:
$370,294 in semi-annual dividends of 5r< each:
a half million dollars.
$10,000 transferred to officers* pension fund; $100,000
written off bank premises,
and $583,945 transferred to
—The Continental National Bank of Chicago increased its
“rest” account, halving a balance of $73,048 to be carried
deposits six and a half million dollars from Nov. 12 1900 to forward. The “rest” account now stands at $4,443,530.
the latest call of Jan. 20 1907, the amount having risen from
The total deposits arc $24,737,124
and the total assets
$53,809,053 to $00,350,502. Over two hundred thousand
$37,221,909.
During the year twenty-one new branches
dollars has been added in the eleven weeks to the undivided
were opened, making in all
sixty-seven branches operated.
profits, which now. at $581,338, compare with $377,000 in The dividend distributions will hereafter be made
quarterly
November.
During the same time total resources have
instead of semi-annually.
The bank has-completed fifty
grown from $03,181,119 to $09,922,300.
years „of business, having opened in July 1850.
W. H.
—In addition to the regular semi-annual dividend of 3%
Beatty is President and D. Coulson General Manager.
paid January 1 on the capital of the St. Anthony Falls Bank
—The semi-annual statement of the National Discount Co.
of Minneapolis, a 00% stock dividend was declared out of of
London, Ltd., shows deposits on December 31 190(5 of
surplus, thereby increasing the capital from $125,000 to $6(E,019,997 and bills re-discounted of $17,571,717. The
$200,000. After adding to its capital the bank still has a gross profits for the half-year were $760,668; the six months
surplus of $20,000 and undivided profits of $5,885.
dividend at the rate of 10% called for $211,666.
The full
—At
the
late
annual
meeting, George S. Parker
was
statement is
published in another column.
elected President of the Live Stock National Bank of Sioux
City, Iowa, to succeed George H. Rathman.
DEBT STA TEMENT DECEMBER 31 1906.
—John Scott Jr. has succeeded Abel Anderson
as
Presi¬
dent of the Northwestern National Bank of Sioux City.
—Charles Hamilton has been elected Secretary of the
Missouri-Lincoln Trust Company of St. Louis, Mo., sueceed-
ingjjEdward H. Gorse.
Roberts Johnston has been elected
directorate
to^tlie
of the company to replace L. R. Blackmer,
retired.
—The stockholders of the Bank of
Wheeling and tlie Na¬
Virginia, at Wheeling, on Jan. 21, rati¬
proposition to consolidate, mention of which was
tional Bank of West
fied the
made in
our
issue of Jan. 19.
As therein stated, the Bank
ofjWheeling surrenders its charter, transferring its assets to
the National Bank of West
Virginia.
The stockholders of
the latter institution have also voted to increase its
capital
The following statements
cash holdings of the United
of the public debt and Treasury
States are made up from official
figures issued Dec. 31 1906. For statement of Xor. 30 1906.
see issue
of Dec. 29 1906. page 1568; that of Dee. 31 1905. see
Jan. 27 1906, page 197.
INTERKST-BEAIIIXG DEBT DECEMBER 31 1906.
Interest
Title oj Loan—
Payable.
2s. Consols of 1930
Q.—J.
3s. Loan of 190S-IS
Q-.— E.
4s. Funded loan. 1907.. Q.—J.
4s, Refund's certificates Q.—J.
4s, Loan of 1925
Q.--E.
Panama Canal loan, 1916 Q.—N.
Outstanding
Coupon.
Total.
$
S
$ 595,942.350 5S9.219.150
fi,723.200 595.942.350
19S.792.6fiO 35.235.200 28,710.200
03.945.460
740.933.500
S5.40S,150 28.900,150 114.314.300
40,012.750
25.S70
162.315.400 94.174.800 24.315.100 11S.4S9.900
30.000.000
29.977.920
22,080 30.000.000
Amount
Issued.
Amount
Registered.
S
Aggregate int.-bearing debt..1.707,990,060 S34.015.220 SS,676.790 922.717.SS0
Xote.—Denominations of bonds are:
M
Of $10, only refunding certificates: of $20, loan of 1908: coupon and registered.
Of $50. all issues except 3s of 190S; of $100. all issues.
Of $500, all except 5s of 1904. coupon: of $1,000. all issues.
£3J
Of $5,000. all registered 2s. 3s and 4s: of $10,000, all registered bonds.
t-i
Of $20,000. registered 4s, loan of 1907; of $50,000* registered 2s*of 1930. -3
WHICH INTEREST HAS CEASED SINCE
DEBT ON
Funded loan of 1891. continued at 2%, called May is
—
1900. interest ceased Aug. 18 1900
Funded loan of 1891, matured September 2 1891.
Loan of 1904, matured February 2 1904
Old debt matured prior to Jan. 1 1801 and later
which interest has ceased
date of
Messrs. Pixley & Abell write as follows under
January 17:
MATURITY.
Dec. 31.
Nov. 30.
Debt on
253
THE CHRONICLE
1907.]
Feb. 2
840,200 00
20,600 00
120,300 00
931,875 20
840,000 00
20,600 00
120,300 00
931,865 20
81,118,975 2G
81.118,705 26
DEBT BEARING NO INTEREST.
--8340,081,016 00
Old demand notes
53,282 50
National bank notes—redemption account
46,032,672 50
Fractional currency, less 88,375,934 estimated as lost or destroyed..
6,S65,237 28
8400,232,20S 28
Aggregate debt bearing no interest
'
United States notes
GOLD.—The Bank has again secured the bulk of arrivals and h:us purchased
£469,000 in bars.
It has also received £41.000 in V. S. coin.
The withdrawal*
have been £230.000 for South America and £20,000 for Singapore.
To-day the Bank
Next week we expect £290.000 from South Africa.
rate has been reduced to 5%.
Arrivals—South Africa. £013.000: Bombay, £03.000: West Africa. £2.000: total.
£678.000.
Shipments—Bombay, £114,500: Calcutta, £25.000; Colombo, £2.500:
total, £142.000.
SILVER.—The silver market has again fallen during the past week to 314d
which price was quoted to-day. The Indian Bazaars have again been mod¬
erate buyers, but the ordinary supply of silver has been augmented by further sales of
Mexican dollars and selling on Far Eastern account.
We close quiet at the quota¬
tions.
Forward silver is quoted 4d. over cash, after having been 3-lOd. over.
The Indian price is Rs. 80*4 per 100 Tolahs.
Arrivals—New York. 200.000.
for spot,
Shipments—Bombay, £180,000; Colombo, £2,500:
total. £188,500.
RECAPITULATION.
)
Increase ( +
Dec. 31
Classification of Debt.—
Interest-bearing debt.
Debt. interest ceased
...
Debt bearing no interest.—
8922,717.880 00
1,118.705 20
400,232,208 28
Total net debt...
or
10
381,470,287 02
$935,071,777 44
8944,329.429 02
Including $150,000,000 reserve
Decrease (--)
Auction Sales.—Among other securities the following, not
regularly dealt in at the Board, were recently sold at auction:
—$1,730,802 50
By Messrs. Adrian H. Muller & Son:
+7,520,789 08
-
$9,257,051 58
fund.
foregoing figures show a gross debt on Dec. 31 1906
$1,324,068,853 54 and a net debt (gross debt less net eash
the Treasury) of $935,071,777 44.
The
of
in
DEMAND LIABILITIES.—
TREASURY CASH AND
holdings of the Government as the items
31 are set out in the following:
The cash
Dec.
stood
LIABILITIES.
§
Trust Fund Liabilities —
certificates
039.114.809
00
039,114,809 00iGold
470,250,000 001Silver certificates
470,250.000 00
6.010,000 00 i Treasury notes of 1890-6,010,000 00
!
|
$
ASSETS.
Trust Fund
Holdings.
Gold coin
Silver dollars
Silver dollars of ls90..-
SomrtcvcialautipXtscclUutcottspcms
8925.159,190 00 —§2,441,310 00
1.118,975 26
—210 00
399,521,550 78
+710,057 50
54 81,325,799,716 04
81.324,008,853
Total gross debt
Cash balance in Treasury.a.
388,997,070
a
Nov. 30 1900.
1900.
Total trust liabilities. 1,121.980,809
Total trust fund
1 121 .980,809 00
Gen. Fund Liabilities General Fund Holdings—
National Bank 5% fund.
24,430,111
105,279,951
Gold coin and bullion
Outstanding checks and
58.719,070
Gold certificates
drafts
9.001,979
8.438.975
Silver certificates
Disbursing officers' bal¬
1,095
Silver dollars
ances
71,442,340
833,000
Silver bullion
Post Office Department
4,772,003
United States notes....
account
10,943.738
15.171
Treasury notes of 1890..
Miscellaneous items
1.572.720
11,105,884
.National bank notes
3.720,429
Fractional silver coin
153
5jTotal• gen'l liabilities
117,990,889
Fractional currency
001,132
Minor coin
340,890
Bonds and interest paid.
00
.
...
10
35
13
82
00
Stocks.
30 Nassau Eire Ins. Co.
0 Bank of America..
40 Franklin Safe Dep.
of Brooklyn
1.200 Bklyu. Citv HR. Co
100 Celluloid Co
100
Rapid Safety
Co.
_
140
220
.131
Filter Co.
York...
of New
Stocks.
Nat. Bank of Commerce. 190 4
25 Westchester & Bronx Ti¬
tle & Mtge. Guar. Co. 175
Cert, of Memb. L. I. His¬
torical Soc. of Bklyu..$91
Bonds.
3
155 !4'
550
§40 lot
392
of
20 Lincoln Trust Co
15 Langham Realty Co.
New York-_$25 4 per share
50 Union Winding Co. Ltd.
$5 per slian
2 Bank of N. York. N.B.A.325 4
$2,200 Dry Dock E. B. & Batt.
5% Cert, of lndebt.95 ex Inc
$1,500 Dickson Mfg. Co. 1st 5s
M. & N
1927.
100 4
$1,000 Riding & Drlv. Club of
Bklyn. 2s 1911
.
50
$10,000 Binghamton St. Ry. 5s
Consol. 1934. M. & N. .103 4 ex-itt
DIVIDENDS.
We have changed the method of making up our weekly
list of dividends.
Heretofore our record has included only
the dividends announced each week, but for the convenience
of our readers we now enlarge the scope of the compilation
so as to show also dividends previously declared, but the
date of payment of which has not yet arrived.
In the new
form the statement indicates all the dividends announced
for the future b>' all large or important corporations.
Dividends announced this week are printed in italics.
Per
Cent.
..
40
Name
of Company.
Books Closed.
Days Inclusive.
When
Payable.
...
'Lot. in Sub-Treasuries
193,836,222
In Nat. Bk. Depositaries
Credit Treasurer of U. S.
140,827,807
81
Railroads (Steam)
j
991
..
11,925,290 45 j
Credit U. s. dis. officers.
158 753,158 441
Islands —
2,090,515 50! Cash balance and IT serve—
Credit Treasurer of II. 8.
Credit U. S.tiis. officers.
2,308,008 75 iTotal cash and reserve.. 388.997.070
j Made up of—
Total in Philippines
4.398,584 25!Availiable 238,997.070 10
Total in banks
In i’reas. of Philippine
..
..
•
-
—
-
Fund150,000.000 00
150,000 000 00 Gnld&bull.
1,628,974,834 50
Grand total
1.028,974,834 50!
Grand total
10
and
i
j Reserve
Reserve Fund Holdings
Gold coin and bullion
Baltimore & Ohio, common
Freferred
Buffalo Rochester <fc Pitts., com. & pref.
Chicago it North Western, preferred
Chic. St. P. Minn. <t O., com. and pref..
Clove. Cln. Chic. & St. Louis, common..
Delaware & Hudson (quar.)
Erie, 1st preferred
Second preferred
Illinois Central.
Louisville & Nashville
National Railroad of Mexico, preferrtd
Now York Chic. & St. Louis, first pref...
Second preferred
Norfolk A Western, adj. pref
Peoria & Bureau Valley
Pitts. Cln. Chic. <t St. Louis, common..
Reading, 1st preferred
Rome Waterlou n A Ogd(nsb., guar, (guar.).
Vanda lia
Utica Clinton <t Binghamton
plow eta vij| (C o m m cvcialE ngUsTtpcws
Street
daily closing quo tat ions f or securities, &c., at London
reported by cable have been as follows the past week:
The
as
London,
Week ending Feb. 1.
Mon
Sat.
'Tuts.
Thurs.
ir,(/
31 5- 10
314
314
d .31 11-10 31 4*
Silver.peroz..
80 15-110 80 15 -10 80 15- 10 80, 15 -10 87
Consols, new, 24 percents
.
...
.
For account
87 1-P I'l
.
fr. 95.57'
774
Amalgamated Copper Co.... 119
French Rentes (in Par.)
Russian Imperial Is.
•I
-
114
1 HI
Atchison Topeka it Santa Felon1,
.103
Preferred
12!)
Baltimore it Ohio
90
Preferred
180 4:
Canadian Pacific.
524
Chesapeake ,t Ohio..'..
17
Chicago Great Wester!)
151 L.
Chicago Milwaukee & St. P
1 >cnver A Rio < Ira tide, com
3'I
S3
Preferred
*40 *4
Fra*. Common
b Anaconda Mining Co
_
..
ion
i
: 3i)
.
.
1874
-
.
151'
-
.
1st preferred
2d preferred
Illinois Central
754
.
.
.
05
.
.
.
.
Louisville it Nashville.
Mexican Central
Mo. Kans. ,t Tex.. com
Preferred
National R It. of Mexico
X. 5' Central it Hud. Riv
N. 5'. Ontario it Western
Norfolk & Western, com
Preferred
Northern Pacific
.
.
.
.
58
.
.
.
.
a
.
...
.
.
Rock Island < ’o
Southern Pacific
..
Preferred
Wabash
Preferred
.
.
_
a
Price
.
.
.
.
054
084
044'
40
47
401
401
.
.
■>
274
901 ^
29 4
89
178
95
47 4
1084
474
.
...
persbare.
4
904
89
179
95
.
.
_
Debenture Bs
89
294
.
-
904
904
274
964
.
Southern Ry..com.
Preferred
Union Pacific, com
Preferred
U. S. Steel Corp.. com...
40
094
.
co
First preferred
Second, preferred
40 4
158
Pennsylvania
a
1304
1324
.
.
..
a Reading
24
39' i
72 4
58
7oU
-
....
a
144'j
38'.;
.
.
171
170
145
23'-;
.
.
......
.
•
3!)'.,
83
39 4
71>
05
.
109
18
30
76
S7
95.85
7s
1 17
14
7X4
1 17 4
144
'
95.124
7x4
97187 4
95
187
51
104
1514
37 4
180 4
151
384'
83'I
3$4
104
1514
3X4
83 4
30 4
744
1 »>
634
109
142
23 4
38
71
5X
130
40
87 4
90
157 4
OS
03 4
40
40 4
27 4
95
28
89
170
92 4
454
03 4
171
M2 4
074
24
38
.*> t
159
97 !
4
4
404
88 4
754
754
754
454
88
404
204
170
95
40
20
94 4
c
100
08
03
40
90
27
1,5s
94 4
178
95
|
88
404
108-4
17
17
32 4
334
734
73
c
Ex-Interest.
3
Ft b.
1
5
4
Mch.
Mch.
0
Feb.
Feb.
4
Feb
2
0
Mch.
14 Feb.
24 b Feb.
14 Feb.
Feb.
7
4
O
14
2
24
Trust Companies.
Trust (guar.)
10
J
Farmers' I.onn
Mch.
Mch.
Mch.
Ftb.
Feb.
Feb.
to
Feb.
Feb.
Feb
Feb.
Feb.
Feb.
Feb.
Feb.
to
April
to
to
Feb. 20
Feb. 12
Feb. ]0
Feb
|
I’eb.
J
Feb.
}
Feb. 10
Feb.
$
Feb. 20
Jan. 31
Feb.
$
Feb.
8
14
to
14
to
15 Holders of
1 Holders of
20 Holders of
roc.
Holders of
Holders of
Feb.
1
Mch. 13
Feb.
1
Jan. 22
Feb.
0
l! Holders of
1 Holders of
15 Holders of
rec.
1
15
28
9
1
11
11
Feb.
2
Holders
Holders
//oleltrs
15 Holders
9 Jan. 21
rec.
ree.
rec.
to
rec.
rec.
rcc.
to
11
15
9
15
.
of rec.
of ree.
Of
of
rec.
rec.
to
28
28
i
2
6
1
23
28
9
to
Feb. J£
1
15 Feb.
G
1 Holders of n*c. Feb.
to
30 Mch 22
April 4
9
1 Holders Of rec. Feb.
Jan. 31
to
1!Jan. 25
i
15 Holders Of rec. Feb
1 Holdt rs of rtc. Jan. 10
.
1 Jan.
1
29
to
Jan.
Ft b.
Ft b.
1 Jan.
1 Jan.
22
to
20
to
Feb.
1
Jan. 3J
American Chicle, common (monthly)
Amor. Graphophone, pref.(qu.)(No.47)
American Locomotive, common (quar.).
American Seeding Mach., com. (quar.)..
American Writing Paper, preferred
Cambria Steel
Casein Co., pref. (quar.) (No. 27)
Central Fire Works, common
Preferred
Chicago Edison (guar.)
...
(E.UduPont deNem’rsPow. .com.(quar)
pref., extra.
\x
1.4
1
.4 pr.
1
April
1.4
Feb.
Feb.
Mcli.
Mch.
Ftb.
Mch.
Feb.
Mth.
Feb.
Feb.
Fib.
lob.
Feb.
Feb.
Feb.
Feb.
Mch.
2S
15
1
15
15
1 1
1
1
2
4
34
2
IX
14
du Pont Internat. Powder,
General Chemical, common
*>
Inter. Smokeless P. it Ch., corn, (extra)
Jefferson it Clearfield Coal & Iron, pref..
Milwaukee <(• Chicago linvcrus, Ltd
Montreal Light. Heat it Power (quar.)..
2
3
Municipal Gas (Albany, N. Y.) (guar.)..
National Carbon, pref. (quar.)
New England Tel. it Teleg. (quar.)
X. Y. it Queens Floe. <t Power, pref
North American (guar.).
"
People’s Gas Light it Coke (quar.)
Pittsburgh Brewing, icommon (guar.)
Preferrtd (guar.)
Pressed Steel Car. pref. (quar.) (No. 32)
Procter & Gamble, common (quar.)
Pullman Co. (quar.) (No. 100).
United Bank Note Corp., com. (quar ).
U. S. Cast Iron P. & Fdy.. com. (quar.)
(No. 0)
Preferred (quar.) (No. 25)
U. S. Steel Corp., com. (guar.) (No. 13)..
Preferred (guar.) (No. 23).
to
Feb. 10
25
Feb. 10
to
25
to
Feb. 20
Feb. 15
rec.
Feb.
of
1
Holders
Feb. 25
to
Fob.
9
15 H aiders Of rtc. Mrh. 31
1 Holders of rec. Mch. 15c
15 Holders of rec. Jan. 31
to
Feb. 10
1
11 Feb.
Mch.
to
1
1 Feb. 19
to
J
Mch.
1 Feb. 19
to
Jon. 31
1 Jan. 21
15 Mch.
0.
15 Holders of rec. Doc. 20
to
Mch. 4
A'Feb. 24
15 Holders of rec. Dec. 20
5
15 Holders of rec. Feb.
25
25
20
15
26
Feb.
Feb.
Fob.
Feb.
Feb.
14
.4
4
'*2
4
14
21-0
14
14
24
14
14
14
14
14
Jan.
Jan.
.
_
Holders of
rec.
Jan 3It
Feb. 2i
Feb.
0
to
1 eh. M
Feb.
I
to
Feb. lj
Feb.
1
Holders Of nr. Feb. 15c
to
Feb. 25
Feb. 10
to
Feb. 20
Feb. 13
to
Ftb. 20
Feb. 13
to
Feb. 26
Feb.
7
Holders of rec. Jan 3la
Holders of rcc. Jan. 31
to
Feb. 15
Feb.
2
to
Feb.
25
Feb.
Ftb.
Feb.
Feb.
Feb.
Feb.
20
20
27
15
15
15
Mch.
Mch.
Feb. 28
to
i'
Mch.
9
1 Feb.
1 Feb.
9
30 Mch. 10
to
IX
Ftb.
28 Feb.
to
Feb. 28
15
Feb. 2$
3
2
1
1
14
7
to
A pr.
1
Transfer books not closed., b Five per cent declared,
d Nine per cent declared for year, payable in
menta.
3'J
Ft b.
Feb.
Miscellaneous.
a
b £ sterling,
Mch.
Feb.
3
.
Fourteenth Street (guar.)
_.
4
404
274
264
87 4
44 •
108
•>
88
88
40
27.4
50 1
131
+14
87 4
02
LVv
~‘> 1
72
554
40
17
34 4
.
1384
63
■
00 4
104
1-40
Cl 00
130
30
108
354
00
130 4
1584
304
70 1
<•724
23
88
90
153 4
38
824
82
234
374
724
57 '0
■154
954
1884
52 4
10 4
April
1 Feb.
1 Feb.
Banks.
Bowery (guar.)
Amalgamated Copper (quar.)
1184
•>
3.4
24
1044
1024
120 4
1U24
1024
Feb.
Mch.
2
24 d Mch.
O
Feb.
Fhi/adiIphia Company, preferred
Portland (Me.) Railroad
Twin City Rap. Tran., Minn..com.(quar)
1"nion St. Ry. (New Bedford,Mass.) iqu.).
Kings County (Brooklyn) (guar.)
105
April
34
3
3
110
144
103
1 194
Feb.
Railways.
1114
14
103
1 194
97
1084
174
34 4
174
87
87
95.35
ion';
524
ir>4
,7J
17
..
.
q
90
.
.......
.
05.81 i
77 s
1 18
.
.
-87
Fri.
31 4
87
87
95.15
79 4
2
3
2
Boston Elevated Railway._
Galveston Electric Co., preferred
Met. West Mde Elev. (Chic.),pref.(quar.)
_
English Financial Markets—Per Cable.
Mch.
Mch.
3
payable in two install.
quarterly Installment*.
City Clearing-House Banks.—
Statement of New York
following statement shows the condition of tlie New
City Clearing-House banks for the week ending Jan. 26.
should be distinctly understood that as to all items except
The
York
It
capital and surplus the figures are the averages of the daily
results, not the totals at the end of the week.
In otherin
reporting
and
deposits
and
words,
loans
holdings of
specie and legal tenders, the practice is to take the aggre¬
gate of the amounts for the several days of the week and
divide this aggregately the number of days.
Wc omit turn ciphers (00)
S
2,000,0
2,050,0
J
2,000,0
}
i
;
1.000,0
City
.
-
—
-
.
...
.
j
..j
.
.
.
People's
North America
Hanover
Citizens’Cent _i
Nassau
1
Market A Fult.
Metropolitan
Corn Exchange. j
Oriental
...
-|
-
Imp. A Traders'i
Park
East River
.
.
Fourth
Second
First
N. Y. Nat.
1
.
..
|
..
1
Ex.i
j
.
Bowery
N. Y. County
..
< lerman-Amer
Chase
Fifth Avenue
< Jerman Exch
Germania
Lincoln
.
j
.
Metropolis
...
j
.
Liberty
j
Ex.j
N. Y. Prod.
New Amster
Astor
State
'
.
13,811,s]
4,711.9!
772.7]
1,018,2
400,3!
2,197,8!
7,850,7!
800,5
352,5]
1,51S. 4 •
’
809,2!
4,707,0!
1,202,9 j
7,030.9:
8,144.2!
123,4!
3.083,11
10:>,0
200,0
1,840,5'
910,4'
778,21
840.7!
003,8 j
4,159,6]
814,1
200,0
930,5!
500,0
1,000,0
250,0
1,470.41
1.391,1 j
456.6:
1.000,0
1,000,31
200,0
840,2!
1,200,1'
085,3
1.000,0
300,0
1,000,0
1.000.0
1,000,0
350.0
1,000.0
§
2,929,0
4,103.0
2,090,8
3,107,0
4,100,0
1,039.0
S
17.961,0
20,808,0
12,101,3
20,058,0
23,853.1
7,502,0
1 12,845.9
23,982.0
0.093,5
8,385,5
2,099,5
0,518,0
5,817,2
29,145,2
142,127.9
20.851,5
3,404.0
5,853.0
2.051,7
10,452.8
55,452.0
20,092,4
3,503.4
0,980.8
11,078,2
37,259,0
10.070,1
25,239,7
71,080,0
1,381,8
19,103,2
10.002.0
92,839,7
17,232.0
3,840,0
4,814,0
4,070,3
51,252.9
11,260,0
3.208,1
4,790,0
13,783,0
7,573.5
2,909,1
10,983,2
25,431,4
4,233,8
1,432,0
1.025,0
701,3
985,0
1,101,8
5,384,5
18,477,2
4,051,9
454,4
805.1
215.5
2.735,1
9,810,1
2,981,9
408,3
1.740,1
2,005,8
0,151.0
2,042.2
Re-
a
1,170,0
18,451,8
3,659,3
571,4
280,9]
727.7!
504.0!
003,1
825,0
650,9
000.1
092,0
580,0
3,997,0
745,0
2,403,9
1,331.0
797.0
995,0
3.586,0
524,0
1,782,0
511.0
624,3
424,9
002.4
174,0
190.0
20.2
25.7
20.2
20.2
20.1
22.4
24.1
3,933,8
55,204,9
12,515,3
4,325,0
5,080,2
15,291,2
8.100,9
3,176,2
1.188,9
1,835,0
5,124,4
5,171,0
12,470,0
Total of United States deposits included,
10,011.3
4,490,0
21.701.0
5,000,0
10.289,4
7,004,0
5,921,5
5,022,0
15.110.0
-
25.0
26.4
22.5
21.0
25.2
26.4
27.1
20.8
24.0
26.5
25.0
29.4
25.0
23.2
23.6
25.0
Sur-
tal.
plus.
and
Investmerits.
N. Y. City.
Boroughs of
-
Fidelity
14th Street
Hamilton
Jefferson
Mt. Morris
Mutual
19th Ward
Plaza
Riverside
12th Ward
23rd Ward..
Union Exch.
Yorkville
Coal A 1. Nat
34th St. Nat.
Batt.Pk.Nat.
-
-
-
....
..
...
.
...
*
100,0
200.0
100,0
100,0
300.0
1.000,0
200,0
500,0
200.0
500,0
250,0
200,0
200,0
100,0
100.0
200,0
100,0
750,0
100,0
500,0
200,0
200,0
?
108,8
152,6
98,8
405,4
436,7
1,122,4
148,4
108,1
225,7
035,0
189.3
200,9
250.8
318,3
108,5
200,2
104,9
789.3
383.2
550,9
204,3
110,5
§
952,8
1,353,5
928,4
4.180.5
0,113.0
7.051,8
1,017.3
5,717.4
5,413,1
4,141,9
2.515,4
3,493,0
4.104.4
4.058,0
1,624,6
2.285,0
1,757,2
7.489,1
3,186,5
4.495,0
1,349.0
778.5
10.0
218,1
239,3
9,9
123,5
23,4
18,4
238.0
18.0
r—
—
Other
Set
ing
Agent.
Banks.
dec.
Deposits.
§
82.7
70.8
45.1
011,8
554,0
256,1
69.5
384,0
240.9
..
Brooklyn
Nat..
Mechanics'..
Nassau Nat.
Nat. City...
North Side..
Union
200.0
150.0
300,0
252,0
1,000,0
750.0
300.0
100,0
1,000.0
150,0
408,5
104,0
702,9
943,S
894,6
638,0
209,1
1.077,1
789,2
1,293,2
32,8
180,0
240.4
1,194,1
5,035,8
0,584,0
5.032,2
970,2
6,403,0
390,0
257.6
210,0
144.5
58.0
01.1
229,0
Third Nat...
Hoboken.
First Nat...
Second Nat.
Tot. Jan. 26.
Tot. Jan. 19.
Tot. Jan. 12.
0
2,755,0
2.070,1
1,887.0
4.742.0
10.540,0
49.2
19,3
132.0
377,1
251.1
•>*>>
6,395,0
241,0
127.0
24,9
293,0
482,0
3.144,0
1,005,0
11.376.0
Jersey City.
First Nat...
Hud. Co. Nat.
.
43,080,0
5.907,7
4,028.7
3.051.8
3,077,9
4.400.5
4,142,0
1,942,1
2,716,0
2,132,7
7,017.4
222,3
120.9
1,033,3
43,0
04,0
106,2
1.557,5
024,0
109,3
203.7
190.1
84,0
140.7
740.5
300,4
750,2
934,2
1.048,0
550,0
01.9
1.318.0
290,0
111.4
586.0
3.057,3
2,884.5
2.104,3
5.137.5
12.270.9
0,109.0
3.520.0
1.807.0
13.430.0
143.3
121.0
34.4
170.2
173.3
..
02.0
308.4
1.250.0
196,9
98.4
47,0
322,5
83.0
94,5
1,590.4
200.8
333.0
585,0
5.257.3
108,5
2.300,4
33,8
2.055.9
14S.0
40,2
30,7
43,2
145,8
74,2
80,7
101.6
2,098,3
1.731.4
11237,0 15257,3 131682,2 5.S64.4
11237,0 15257.3 134175,4 5,518.5
11237,0 15257.3 133256.6 5,857,1
7,478.4
7,788.9
S,106.1
110.0
125.0
1,163,2
4.031,1
703,0
331,5
2.64S.0
1,899,1
-
578.7
193.3
2.360,5
1,616,2
183,389,0
184,705,0
43.080.0i
Jan; 19.
Jan. 20
Phila.
Jan.
5..
Jan. 12-.
Jan. 19.Jan. 20..
-
43.080,0
15,748,0
15,307,0
16,881,0
18,561,0
*
8,050,0
8,654,0
8,477,0
8.454,0
199,483,0
200,504,0
235.527,1
179.246,7
250,944,0
248,700,0
240,851,0
253.041,0
14,057,0
14,027,0
13,955,0
13,912,0
150,237.8
214,801,0
57,800,0
217.221.0
217,770,0
218,774,0
51.105,01 219,085,0
51,165,0
51,105,0
51,165,0
57,355,0
59,008,0
59,776,0
140,917.0
150,332,2
144,000.0
I
a
other banks’’ and also
deposits amounted on Jan.
Including for Boston and Philadelphia the item “due to
Government deposits.
For Boston these Government
26 to §4,017.000: on'Jan. 19 to §4,021,000.
Imports and Exports for the Week.—The following are
the imports at New York
totals since the beginning
FOREIGN
for the week ending Jan. 26; also
of the first week in January:
IMPORTS AT NEW YORK.
1
Dry Goods.-
—..
..
General Merchandise
Total
Since January 1.
-
Dry (loods
General Merchandise
Total 4 weeks
1
1905.
|
1900.
1907.
Fur week.
1904.
§4.409,382
§4,098.593,
11,080.179
11,905.083,
§2,843.222|
10,945.421]
$3,100,389
9.027,384
§10,155,501
S10,003,070!
§13,788.043]
$12,727,773
§15,838,782
48.004,255
§14,004,3Id! $12,339,019!
SI 1,820,058
39,895,91 li
41.370.490
37,909.101
§63,843.037
$54.560,2211
$53,709,509
$49,789,759
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending Jan. 26 and from Jan. 1 to date:
EXPORTS FROM NEW YORK FOR THE WEEK.
j
For the week
Total
$11,232,893
|
1
..
Previously reported
4 weeks
.
1905.
1900.
1907.
!
1904.
$11,029,911
37.770.004
SIO.734,384
38.928,507
30.180.102
§10,050,822
32.559,296
$49,002,957
$49.662,S91
$41,210,073
S42.610.118
•
The following table shows the exports and imports of
specie at the port of New York for the week ending Jan. 26
and since Jan. 1 1907 and for the corresponding periods in
1906 and 1905:
EXPORTS AND
IMPORTS OF SPECIE AT NEW YORK.
Imports.
Gold.
Week.
Great Britain
France
Since Jan. 1
Week.
Since Jan. 1
$305
.
_
.
-
e
$55,000
$270,675
§18,019
800,970
1.052,910
29.303
$855,970
500,000
4.545.028
$1,329,585
1,036,000
12,312.460
$48,584
46,858
23.851
$563,815
$1,738,137
8.851
10,698
$1,302
18.607
45,339
5,557
100,09!)
170.631
$572,666
1,217,522
$1,748,835
4.738,970
347.740
2,550.218
05,248
33,237
11,159
§277,30!)
218.534
49.7*1
002
-
Total 1907
Total 1906.
Total 1905
15,603
191.637
20,071
$290,432
165,869
130,114
Great Britain
France
<
-
^
.
$1,022
-
Jermany
...
West Indies
Mexico
South America
All other countries
..
-.
Total 1907
Total 1900
Total 1905.
...
:
:
Of the above imports for
American gold coin and
Of the exports during the same
were
gold coin and $7,500
wrere
the week in 1907, $340
$1,307 American silver coin.
time $855,000 wrere American
American silver coin.
3,008,8
4,223.0
•
400,0
250,0
200,0
178,521.0
43,080,0! 180,071,0
Silver.
8
$
301,4
170,9
318.5
209.0
121,0
250.0
138.5
100.0
154,7
837,0
1 19,8
40.1
201.0
172,9
175.0
310,2
202,0
11.0
23.0
30,0
70,3
353,0
45.8
083,0
355.8
120.1
Borough of
Brooklyn.
Mfrs.’
..
..
Clear-
139,8
216,902,0
228,918,0
218,801.0
6.265,0
6,002,0
5,972,0
5,527,0
Jan.
Jan.
Jan.
Boston.
Jan.
5..
Jan. 12..
Germany
West Indies.
Mexico
South America
All other countries
Deposit with
*
29,0
44.0
42,0
342,5
245,0
197.9
01.3
332.2
195.8
285.9
107.4
370,8
322,7
227,0
§
12,5
28,1
70,2
105,0
275,0
752, l
.8
1,722.704,0
2,125.942.2
2.223,955,2
2,181,845.2
2,083,701,7
Exports.
in all cases.
Tender
and
Bank
Notes.
S
•
'
Borough
Broadway
Jan.
Clearings
53,070,8
53,004,2
53,090,9
53,631,9
53,543,7
S
981,301,1
1000,578,3
1008,922,4
1042.434.4
1007.011.0
*
Man.&Br'x
Wash. H'g'ts
Century
Chelsea Exch
Colonial
Columbia
Consol. Nat-
-
Specie.
Circu¬
lation.
a
S
§
$
S
278,792,3 1032,973,0 179,323,0 71,371,5
5.. 279.782,3 1049,007.5 172,951.4 77,341,0
279,714,0 1048,808,7 177,001,0 83,269,7
12
19
279,704,0! 1003,957,3 192,610,0 8G,45S,7
20.- 277.783,4 1085,985,4 196,873,2 85,442,5
.
810,500,500.
Loans.
Capi-
Deposits,
Legals.
Specie.
Loans.
New York!
pec. 29.
a
Legal
_
and
Surplus.
'
We omit two ciphers (00)
for non-member banks:
ciphers, (00) in all these figures.
Capital
Hanks.
196.873,2 85,442,5 1067,011,6 26.4
Reports of Non-Member Banks.—The following is the
statement of condition of the non-member banks for the
week ending Jan. 26 1907, based on average daily results.
Hanks.
We omit two
3,992,2 20.2
7,020,5 32.5
21.198,7
9.051,0
78,004,0
17.017,1
4,221,0
5.943,0
544,8
179,1
1.752,1
323,3
201,4
1.518,5
2o.O
City, Boston and Philadelphia Banks.—Below is
figures do not include results
28.0
30.3
20.9
20.3
20.3
31.7
24.7
23.1
28.4
25.0
29.5
23.5
27.7
30.1
20.3
25.9
42,820,0 25.4
10,012,1 23.2
22,393,0 25.0
81.547,0120.9
1,025,0 25.7
238.0
011,0
1,089,8
771,8
12,028,9
2.703.2
150,0
545,3
2,101.7
20.9
27.7
20.0
20 4
25.0
1 1,432,5 24.6
420,3
1.182,0
0,141.0
101,0
2.278,1
1,307,0
2,074,8
901.2
3,270,0
4,942,0
11,597,3
0,081,2
<■
4,735.0
257.4
4,243,0
18,250.0
2,224,9
'
io,871,0
Cr
.‘O
§
10,412,0
23.742.0
13,901,5
19,800,0
25,873,5
0,805,0
123,702,9
22,727,5
0,554,5
0,181,2
2,418,5
7,050,0
0,050,0
23.327.8
118,955,0
17.884.1
4.080,5
0,048.5
2.052.2
15,900.1
03,839,7
20,000,7
S
1,502,0
2,418,0
937.5
2,079.0
2,47*3,8
125,0
12,120.0
1.890,9
292,5
004,0
*i(i,5
908,0
437,8
1,250,8
11,270.1
1,230,8
504,3
873,2
583,1
1,447,7
0,737,2
2.155,7
038,0
543.4
215,3
4,422,0
j 123.450.0j 154,333,4] 1085.985,4
Totals
a
046,91
4.007.3!
18,109,2!
j
West Side... .■
Seaboard
1st Nat., Bklyn;
157,3;
380,9:
10,000,0
1,000.0
250,0
200,0
750.0
5,000.0
.
i
< larfteld.
Fifth
7,914.0!
485,4:
2,353.2
1,815,0!
_
.
375. L
20,003,4
500.0
..
..
1,490,0!
3,0.'S0,0;
4,0X3,S!
25,000,0
300,0
000,0
1,000,0
300,0
700,0
500,0
5,000.0
25,000,0
3,000.0
500,0
450.0
200,0
2,000,0
3,000,0
2,550,0
500,0
1,000.0
2,000,0
3.000.0
750,0
1,500.0
3.000.0
250,0
3.000,0
Chemical
1
Merchants' Ex.'
Gallatin.
Butch. A Drew !
Meeh.A Traders’
Greenwich
Amer. Exchj
Mercantile
Pacific
Chatham
2,950,2!
2,803,71
3.000.0
1.500,0
...
Commerce
Deposits,
Legals.
s'rvc
j
§
Bank of X. Y .!
Manhattan C<>2
—
Specie.
New York
summary of the weekly returns of the Clearing-House banks
of New York City , Boston and Philadelphia.
The New- York
a
..
i
Merchants'
Mechanics'
America
Phenix
in all cases.
Loans.
Surplus.
Capital.
Hanks
00s omitted.
_
[VOL. LXXXIY.
THE CHRONICLE.
254
13.140,7 0,372,3 141015.4
13,007,8 4,882,8 142284.7
13,843,2 5.146.2 142568,1
1
Ranking autl Financial.
Write for copy of our 12 page oiroular of Comparative Valnea
of Railroad Bonds describing about 60 issues listed upon the
N. Y. Stock Exchange polling at less than par value, with
and low range since January 1 1905
high
Spencer Trask & Co.
Branoh Office,
Albany, N.Y. William and Pine Sts., New YotIj.
Moffat
&
White
Members New York Stock Exchange.
5 NASSAU STREET.
HANOVER BANK BUILDING
Dealers in Investment Securities.
COMMISSION ORDERS EXECUTED FOR CASH ONLY
Feb. 1
255.
For Dividend see page
Wall Street,
Friday Night, Feb. 1 1907.
Money Market and Financial Situation.—Persistent
liquidation in the stock market was the prominent charac¬
teristic of operations at the Exchange during the early part
of the week and again to-day. • So effective has this move¬
ment been that several of the best known railway issues have
sold below the lowest quotations recorded for them during
the year 1906.
There was a temporary suspension of the
decline on Thursday, and a substantial recovery in many
cases on the execution of some quite large buying orders.
On that day also call loan rates declined to 1%%, the low¬
est figures reached since July last, both of which seemed to
indicate that the liquidation referred to had run its course.
This morning, however, it was resumed with renewed force,
and in many cases prices have gone lower than before.
Evidently traders on the short side of the market find the
present a favorable time for bold and aggressive operations,
but there has also undoubtedly been liberal sales of long
stocks almost continuously throughout the week.
The open market rates for call loans on the Stock Ex¬
change during the week on stock and bond collaterals have
ranged from 1% to 4%. To-day’s rates on call were
”%(2%%. Prime commercial paper quoted at 5%(6)G%%
for endorsements and 5%@6%% for best single names.
The Bank of England weekly statement on Thursday
showed an increase in bullion of £647,971, the percentage
of reserve to liabilities was 48.31, against 48.91 last week.
The discount rate remains as fixed January 17 at 5%.
The Bank of France shows a decrease of 5,850,000 francs in
gold and 2,050,000 francs in silver.
liThe New York City Clearing-House banks in their state¬
ment of January 26 showed an increase of $3,246,400 in the
reserve held and a surplus over the required reserve of $15,562,800, against $18,460,700 the previous week.
The
Differences
from
previous week.
1907.
Jan. 26.
.
Loans and discounts.
Circulation.
Net deposits
_
Specie -----Legal tenders
Reserve held
154.333.400
1,085,985,400
53.543.700
«1067.001.600
196.873.200
_
..
85,442,500
-
Inc. 22.02S.100
Dec.
88.200
Inc. 24.577,200
Inc.
4.262,600
Dec.
1.016,200
282,315,700 Inc.
....
266.752.900 Inc.
25% of deposits
15.562,800 Dec.
Surplus reserve
1905.
Jan. 28.
§
$
116,472.700
s
S
123.450.000
—
1906.
Jan. 27.
115.972,700
135.951,400
140,800,500
1,041,113,300 1,115,643,200
42,882,200
52,267,400
1.047.112,600 1,189.828,600
231.525,200
193.006,400
92,911,500
84,601,600
3,246.400
6,144,300
277,608,000
261.778,150
324,436,700
297.457.150
15,829,850
26,979.550
2.897.900
$16,563,500 United States deposits included, against §10,537,300 last week and
*§,495,200 the corresponding week in 1900.
With these United States deposits
eliminated, the surplus reserve would be S19.703.675 on Jan. 20 and S22.595.025 on
a
Jan.19.
Note.—Returns of separate
banks appear on the preceding page.
Foreign Exchange.—The market was lower
this week, in¬
of bills against corporation notes
which were placed in London, by a comparatively light de¬
mand and by speculative selling.
The tone was heavy at
Gold engagements in London for New York,
the'close.
$500,000.
To-day's (Friday's) nominal -rates for sterling exchange
were 4 82@4 82% for sixty-day and 4 86(5)4 86% for sight.
To-day’s (Friday’s) actual rates for sterling exchange were
4 8065(3)4 8075 for long, 4 8450(3)4 8460 for short and
4 8525(5)4 8535 for cables.
Commercial on banks 4 80(5)
4 8010 and documents for payment 4 79%@4 80%.
Cotton
for payment 4 79%(^4 79%, cotton for acceptance 4 80@
4 8010 and grain for payment 4 803^(5)4 80%.
To-day’s (Friday’s) actual rates for Paris bankers francs
were. 5 22%@5 21% for long and 5 20a(3)5 205 for short.
Germany bankers’ marks were 93%@93 15-16 for long and
94%d@94 9-165 for short. Amsterdam bankers guilders
were 39 96(5)39 98 for short.
Exchange at Paris on London to-day 25 f. 23c.; week’s
range 25 f. 23 c. high and 25 f. 22c. low.
The week’s range for exchange rates follows:
iffi 4 8150
<a,: 4 8065
.4 8050
Paris Bay Jeers' Frayics—
@ 5 2174
High
5 22*4
@ 5 21/4
Low
5 2214
Low
-
_
.
Germany Bayikers' Marks—
@ 9414
94
High
m 93 15-16
Low
9374
Amsterdam Bankers’
High
Low
-.
Less:
Plus:
Guilders—
—
1-16 of 1% ■
k 1-16 of 1%.
a
Cables
Short—
—Long
Sterling Actual—
High
4 8140
1 4 8545
4 8550
1 4 8450
@ 4 8460
15 19*4
(aj 5 19?4
© 5 203
|5
20a
1
94 9-16
I
9414d
I
40
1 39 96
d 1-32 of 1%.
x 1-32 of 1%.
! 4 8615
I 4 8525
<® 4 S630
@ 4 S535
|
1
-.--
(3) 94 11-16 1
@ 94 9-1 63 |
(Si 40 1-16
@ 39 98
|
h 3-32 of 1%.
7/3-32 of 1%
The following were the rates for domestic exchange on
New York at the undermentioned cities to-day: Savannah
buying, 50c. per $1,000 discount; selling, 75c. per $1,000
premium. Charleston selling, $1 per $1,000 premium.
New Orleans bank 40c. per $1,000 premium; commercial
per
State and Railroad Bonds.—Sales;of State bonds at the
Board are limited to $3,000 Tennessee settlement 3s at 95.
The market for railway and industrial bonds has been dull
and weak.
Only a few issues have been sufficiently active
to establish quotations and these are generally at a lower
level.
Convertible issues have been notably weak, declining
in
sympathy with the market for shares, but the list, as a
whole, is down an average of about a point. Atchison,
Burlington & Quincy, Colorado Industrial, Pennsylvania,
Interborough and United States Steel have been the active
features, and Northern Pacific, Union Pacific and Heading
relatively strong.
United States Bonds.—Sales of Government bonds at the
Board include $30,000 4s reg., 1925, at 129, $3,000 3s coup.,
reg., 1908-18, at 103.
the daily closing quotations; for yearly
page following.
1908-18, at 102% to 103 and $1,000 3s
The
following
range see third
are
1
1I
| ;
1
,
26
'*104*4 |*M
..
I
:.o
|
1*105
*105
*105
28
.registered1 Q—Jan
1930
5%
1930...
..coupon! Q— Jan | *104*41*194*4
1*102
1908-1918
registered iQ— leb *102
1908-191S
coupon Q—Feb *102%
103
1908-1918. .small coupon !Q—Feb *10254 *102*4
1907
registeredQ—Jan *10054 1*10054
1907
coupon Q—Jan *100541*100*4
129
1925
registered iQ—Feb
;*128H
1925
couponjQ—Feb *129541*12954
2s, 1936.Panama Canal coup.!Q—Nov *104
2S,
2s,
3s.
3s.
3s.
4s,
4s,
4s,
4s.
./'/•i
-9
in
Jo
Jart.
tJerums
-.
—
*105
Feb.
1
31
*105
*105
**<)2>4 *102>4 *1024
*103
*1 3
1*103
*105
*105
103
x 102 54
*102*4 *102*4 *10254 *10254
*101
*101
*129
*130
*101
*101
*101
i*10I
*129
*130
*129
*130
*101
*101
*129
*j!29
j
* This
Is the nrice hid at the mnrninir hoard:
Railroad and Miscellaneous Stocks.—The stock market
has been more active throughout the week, the transactions
averaging well above 1,000,000 shares per day. It continued
generally weak until after the opening on Thursday, when
buying orders were executed in sufficient volume, to cause
a substantial recovery
in prices. These purchases were,
perhaps, largely to cover short contracts. However that
may be, the offerings to-day were again in excess and in many
cases more than yesterday’s recovery was lost.
There have been few exceptional features, among which
are St. Paul, Northern Pacific and Canadian Pacific.
They
have been relatively strong throughout and are the only active
stocks that close as high or higher than last week.
North
West and Heading, on the other hand, declined over 8 points
A long list of active stocks, both
and close near the lowest.
railway and industrial, are down from 2 to 5 points. Ana¬
conda Mining lost 11 points and recovered 3%.
For daily volume of business see page 263.
The following sales have occurred this week of shares not
represented in our detailed list on the pages which follow: r
Range for week.
Sates
STOCKS.
Week ending Feb.
IFfeA;.
600
Bethlehem Steel Con*
400
Preferred
Chic Milw & St. Paul installm’t ctfs 10% paid 1,183
do
pfd. ctfs. 10% pd. 2.176
Comstock Tunnel
56.450
1st Income 4s.
13,000
200
General Chemical. prof -. i
75
Ills Cent., leased line stk
200
Kan & Mich. J.P.M. rots
X Y & X J Telephone
75
Rights
4,510
N P receipts, 5 p c paid 3.220
800
Ontario Silver Mining...
300
Peoria & Eastern
100
Sears, Roebuck * Co., pf
1.200
Standard Mining.
100
United Cigar Mfrs, pref.:
.
_
.
!
Bunge since Jan.
for
1.
.
fluenced by a pressure
St. Louis 5c.
$1,000 pre¬
Chicago, par.
Francisco 50c.
10c. per $1,000 premium.
per $1,000 premium.
San
mium.
jikmUcvs7 (Gazette.
Capital
Surplus
255
THE CHRONICLE.
1‘JUT.J
.
IS
56
54 Jan
Jan
130 Jan
14354Jan
40c. Jan
22c. Jan
10154 Jan
09 54 Jan
63
Jan
114
Jan
354Jan
129 54 Feb
654 Jan
30
94
Jan
Jan
S3.15Jan
93
Jan
Lowest.
Highest
Lorcest.
19
Jan
30| 60
Jan
29
!
31! 136 54 Jan
29147
26 50c.
28 22c.
30 102
Jan
Jan
Jan
Jan
311 99 54 Jan
29 63
Jan
Jan
30 114
30
4 *4 Jan
1 130
Feb
29
654 Jan
Jan
29 30
28 94
Jan
30 $3 54Jan
28 93
Jan
28
28
18*4
56
1
1.
Highest.
Jan I 20*4
Jan 65
Jan
Jan
4
Jan 141
Jan 149
1433*
Jan 50c.
30c.
Jan; 22c.
22c.
100*4 Jan 102
Jani 9954
99 %
Jan 63
03
Jan 115
111
w Jam 4*4
Feb
130
129*4
8%
4%' Jan
Jan 30
30
Jan 94
93 4
52.90 Jan: $3.70
Jan 94 74
93
28 130
31
28
28
28
31
29
31
26
1
26
29
28.
28i
28!
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Feb
Jan
Jan
Jan
Jan
Jan
Outside Market.—“Curb” trading this week followed the
of business on the Stock Exchange, the slump in the
inside market causing general weakness in unlisted securities.
course
Chicago Subway was a conspicuous feature, the stock open¬
ing the week at 40% and on successive violent breaks drop¬
ping to 24%, a new low record. It moved up to-day to
28%, closing at 27%. Sharp declines in Standard Oil
carried the price down from 535 to 510, with a subsequent
recovery to 520.
Waterbury Company, after fluctuating
between 44 and 44%, ran up to-day to 46%.
American Can
preferred sold down from 52 to 48 and up again to 50%.
Lord & Taylor common moved up from 128% to 131.
West¬
ern Ice from 30% dropped to 28%.
In the mining list
Nipissing Mines was conspicuous, and after a break from
12% to 10% advanced to 12%,closing to-day at 12. United
Copper common ran off from 74 to 69%, recovered to 71,
and ends the week at 70.
Tennessee Copper dropped from
49 to 45, rallied to 48% and closed to-day at 47.
Greene
Consolidated Copper declined from 31% to 29%, moved up
again to 30%, the close to-day being at 30%. Boston Con¬
solidated Copper sank from 31 to 29%, advancing finally to
30%. British Columbia Copper lost a point to 9%, rose to
10% and closed to-day at 10. Butte Coalition fell from 37
to 33% with a recovery to 35.
Trinity Copper declined
from 41 to 37%, moved up to 39 and back finally to 38.
Utah Copper was exceptionally weak and sank from 39%
to 35%.
Douglas Copper from 11% rose to 14%, but re¬
acted to 13%.
Outside quotations will be found on page 263.
Exchange—Stock Record, Daily, -Veekly and Yearly
New York Stock
TWO
OCCUPYING
8 TOO US—HIGH hS 7
LOWK&T SALK PRICKS
A XL)
PA(4E*
Sales o
the
STOCKS
STOCK
EXCHANGE
NEW YORK
W
Tuer.nn v
Jan 29
Monday
Saturday
Jan 26
Jan 28
ednesday
iriday
Thursday
leb 1
Jan 31
Jan 30
Jiantje for year 79>
Ranye )or Previous
7
Year(1906)
On basis of 100-share lots
Week
Ho'test
Loicest
Highest
Lo aiest
Scares
Railroad*.
85% May 11(> ^ Sep
252.510 98*8 Jan 30|1084 Jan
994 1014
Jan
DOS
D‘‘e U)6
Jan 2;101 > Jan
99
3. :5»
Do
99
99 ‘4
994
99
4
pref
100
lOOh
131
100s U 0>4
W1.V 167 "c Jan
Feb 1133 4 Jan
119
12,100
Atlantic
RR..
Coast
Line
119
119 h 1214
121*4
123
121
123h 121
’ sep
31,15o ll4«e Jan jl; 122 Jail 5, 1 u534 Mat 1 ‘ ‘ 4
115
116 4 Baltimore & Ohio
114 3e 116
Jan
1168b
99
1 1 0°8 11 678 116
440 92 4 Jan
j
94 4 Jan lo 91 Oct
93
93
Do
•92
94
pref
94 H» 94 4
71
t: Jan
J’iy
94
594
62,088 71 ‘4 Feb !| s3'8 Jan
Brooklyn
Rapid
Transit..
714
74
74
72
Hi
7l7«
74
7378 75
75 Hi 76 ><
74*8 7534
j 12 *■ Not 153 »ep
100 1 i5
Jan26ill5
Jan
*106
120
Buffalo Rochester & Pitts
*106
120
*105
120
*105
120
*112
Dec
120
9 4 S o' 15 o
115
115
Jan 4'
.1 a 11 4 135
13 5
Do pref
1424
142 4 *130
142 Hi *130
142H *130
Feb
142 H. *130
S3
Jan
87
*130
142H *180
85
Jan
Jau 75
85
*
-,;‘i
88
Buffalo
*83
&
*
*83
88
Susque, pref...
•
88
88
■o| o Dec
88
98,002 1794 Jau 30 1954 Jau 4!
/
Pacific
Canadian
17934
183
18Uh
183
179
h
H21817*
IS2H
*
180
18234 180
i 0 * Jau
179*8 181
20
63h Jan 31 05 4 Jan 14i 6 i ‘o •> ne
*63
64
'anada Southern
63 h 63*4
*63 Ha 64
*63 H 64 i.
*63h 64 Hi *63 *2 64
1.400 *210 Jan 21 219 4-Jan 2ii 204 May 239 4 May
212
212
Central
of New Jersoy...
J]6
*212
217
Hi
215
215
220
215
215
5 1 4 N u\
6 ’> A Aug
215
*208
56
Jan
2 i ,200 48 4 Feb 1
48 4 50 4 Chesapeake & Ohio
49 4 50 4
60 h
49
50 H 61 H
51
52
3.VV Oct
61*8 olh
27 4 Jan 5! 25 4 Sep
4fHJ 22
Feb 1
22
22 4 Chicago & Alton RR
244
*20
24 Hi *24
*20 H ‘24H
77 4 oct
24 Hi 24 H.
70
Dei
*24 H.
69
J
an
600 65
Feb 1
5,
*
65
Do
65
67
4
•
67
pref
65 Hi 65 Hi
Jan
66
66 Hi
67
16
Jim 23
18
Jan ‘2
8.400 154 Jan 31
1534
164
Chicago
Great
16
15^
15
7e
Western..
16
161*
7a 16
16 H 16*4
79 4 Sep
86 4 Jan
lVh 16=k
Jan 278
325 77
Jan 21
Do 4 p. c. debentures
*77
794
*764
794
77
77
$767a
7678
Jau
80
70
Dei
*77 Hi 7yb,
778b 73
100 69 4 Jan 15 71 4 Jan 9
*69
71
Do 5 p. c. pref. “A”..
*69
71
*69
71
71
39 % Jan
24 % Not
7034 7u34 *69
*70*4 7134
l,90o 214 Feb 1 26 4 3 an 5
Do 4u.c. pref. “B”..
2l34 22 4
224 22*4
22 Ha 22 Hi
2*234 22*4
I iec
22 °8 23
23
23
;tl
16
4
Dec
199'o
216.445 145 4 Jan 19 157 4 Jan 14
A ug
1463h 147\ 14534 147h l463s 14734 * 145Hll48h 1453s 1483t- 1454 148h Chicago Milw. & St. Paul.
7o0 159
Jan 19 165 4 Jan 5 ‘t 160 Dec 21
*161
164
Do
*161
162
pref
161
161
16114 162
Dec
32 4 Dec
*160H
160 Hi 16 i
Jan 2v35% Jan 5
l,45o 31
*31
32 4
32
32
Dosohserip war’nts h
31
31 Hi 31 Hi
31
3 2 Hi 32 Hi
Jan
A pi 240
3178 31 H
Jan 10 192
12,790 1163 Feb 1 205
*163
166
17934
183
181
Chicago*
North
Western
185
180h
187
185
Mar
186 Hi 188
h187H
100 225
Jan 10 225
Aug 27o
Jan 36 234
*2u0
220
Do pref
*226
235
225
225
*225
230
*226
234
♦226
234
17,002 lf>h Feb 1 184.Jan 23
Do rig; ts
1534 164
16
16li 163«
17
17
17U
16h 17
Jan
J'ne
168
196
8
170
Jan
10 160
Jan 21
*155
165
165
Chic. St. P. Minn. & Oin.
*155
*155
165
*155
l’>5
165
*158
Jan
Xov 202
165
4165
Jan 19 175
160
Jan 1 s 165
*160
180
*160
180
Do
*160
175
*160
175
pref
*160
180
•160
180
'h \ pr
"id i6
9 4 Jan 1 s
9
I s 4 Jail
Jan 19
•9
12
934
9h Chicago Term’l Transfer.
-*9
12
*9 Ha
12
-9 Hi
*9
12
25
Dei
4 2 a Jau
12
i m
25
Jan 11
23
Jan 31
*22
28
23
23
Do pref
28
*22
*22
28
*22
*22
28
28
3
4 May loh Feb
4 4 Jan 3d
5h Jan yi
1,100
*4h
54 Chicago Union Traction.
*
47a
47p
4 7s
5
5 H
5
0 H
5
*5
6 St
9
194. Jan
li'sJ'iyi 47 4 Mai
Jan 30
1,300 16
16
16 4
16 4
Do
*16
*
17
16 '4
16
pref
17
17
16 H
17
17 H,
89
Dei 109 7S .1 a n
I
1,35u 87 4 Jan 2d 924 Jan
‘>5
87
4
L.
Cleve.
Cin.
Clue.
&
St.
88
8814
4
87 H> 88
88
$88
>-7 H 89
110
87 "*8 8s
i
200 101 4 Jan 7 10s4 Jan
J’iy ; 1 IS Jan
*
*
110
*110
Do
*108
110
pref
107 H109
t let
107*- 107 Hi
108
168
11,800 33 jan 31 38 4 Jan pj 29 4 Jr, 1 ■ 1 ,
33 4 35
33
34h
Colorado* Southern
34
35
"4 Hi 35 H35 H 36
3 >
36 H.
Oti 4 A pi
600
73't Feb
65
Jan 30 69 s Jan 7
66
66
1st preferred ....
Do
66
6634 i:6h
60
*67
68
*67
68
43
Dec
*67
*8
s
May; 5
1,300 54 Jan 31 58 s Jail
0J
[)D
54
Do
54 s
2d preferred
*64H 55H *54 *9 55 Hi
*66
57
Nov
66^ 664*
Majj.,.
,i
6,000 2o74 Feb 1 227 4 Jan *2 189
2o7
4
210
209
209
4
4
211
208
209
210
210
211
211
211 %
.May
Jan 24 ]437h Mo\]500
i ,00o l-O
Jail 17 510
495
600
West’n.
elaw.
Lack.
*
499h
499*4
495 Hi 600
535
*610
535
*510
*600
635
5 l”h J an
Ma„>
4.200 35 4 Jan 31 42 4 Jan 7! 36
35
35
4
364
4
36
4
Denver*
Rio
Grande....
36h
36
Hi
37 Hi 3734
36h 37 h
38
38
Jau
Oc j 91
853 7‘.‘ Ha Jan 30 .>34 Jan 11 i 83
,-x •
80
80
79 4 80
Do pref
79 Hi 79h
81
81
$80 Ha 80 Ha
Feb
*80 H. 81
200 77 s Feb 1
8 J 4 Jan 1 )>! r. 9 > DeC! 102
*
77 4 77 4 Detroit United
*
78
*
79
79
79
80
*79
16
80
1 ‘J 4 Jan
5
600
J’ly
22 7(8 Jau
16 4 Jan 29
16
*164
17
4
164
Duluth So. Shore & Atl..
16 Hi 17 Hi
16H ICHa
*16
18
45
Jan
32
16"0 17
Jan 4
Api
1,000 29 >2 Jan 3i 39
30
*
314
29 4 32
Do pref
•
40
33
33
*32
37
36
38 4 May
50 7a Jan
206,760 33 \ Jau 30 44h Jail 5
35
4
33h
33h
354
35
3
7
78
37 H 39
333s 357«
83
74 h Dec
Jan
38°8 3914
75 7e Jan 7
3,753 *69 Jan 3
j Do
70
694 70
1st pref
71 *4 72 Hi J?69
72
72h
63
03
7‘234 733p
4,600 57 4 Jan 30 67 Jan 7 62 Hi A in 76*8 Jan
59
59
68 4 59
Do 2d pref
61
62
57Hi 61h
61 Hi 62 H
76
*63
63 Hi
6S
Dec
Jan
*65
75
75
*65
Evansv. * Terre Haute..
75
*05
*65
75
*65
70
*65
70
94
80
Jiy
Aug
*85
95
*85
ys
Do
*86
95
*86
96
prei
*85
90
*85
90
Feb
27,930 *164 Jan 26 i'S’oh .Tan O cl 7 8 Dec MS
164
168
1654167h Great Northern, pref
164
168
168
164
165
lti634 165
7
166H
Dec
Dec
Oh
5
Jan
85
Jan
3i
47,16v 73
73
73
76
h
7534
4
74
Ha
Temp
ctfs
for
prop.
75
ore
75 H 77
74H 75H
92 4 Jan
81 Hi Not
76l4 77 Hi
*75
Green Bay*W.,deb. otl.A
*80
*80
*80
23 4 Jau
llh Oct
fc
*
13
Jan 29
14 4 Jan 17
15
Do
deb. ctf. li
*
*
13
13
15
15
33
53
‘s Jan
101
Aug
47
Jan 8
Jan 3
43
47
47
*40
47
*42 H 47
*40
47
>7-0 51 ay
*42
4 Oh
*40
47
7714.1un
100 83
Jau
s
864 Jan 4
8434
84
Do
*80
84h
h
pref
84h *80
8434
*81
84h *81
*80
85
13
1
*a
Feb
135
*
Jan 19
115
Apr
Jan 19 115
*
*
*
126
*
126
*
126
Hocking Valley
126
129
126
*21*0 87 4 Jan 31 94 Jail 5 92 •* Nov 99 % .I’ne
87 4 874
*
Do
871® 87 4
pref
•->
93 >4
*s7h 92 H *87 Hi 891*
91 Hi *
164
May 184 H, J’ne
172
Jan
157
I,700
4
Feb
1
1574 168
*158
168
160
164
164
164
164
164
164 Hi 165
33% J’ne 5 5 % May
32h ,Jan 21 39 Jau 23
34
35 4
344 35 4
nterboro-Metropolitan. 28,100
34
35 h
35
34«3 35 h
36s*
367s 37'4
70^8 J’ly
s7h May
4,-iOO 70 4 Jan 21 V 5 4 J an 7
72
72 4
71
Do pref
724
72
72 H
71^4 7134
72
72 H
73
73
24
34h Jan
J’ly
2 s 4 Jan 4
Jan 19
1.500 21
25 4 25 4 Iowa Central
25 4 25 4
26
26
20Ha
25 Hi 26 h
2534 2534 *25
48
GJ'h Jan
7
300
J’ly
43
51
Jan
Jan 19
*44
46
*43
45
Do
*45
47
pref
46
46
47
77
4534 4534 *45
84 K Feb
Oct
300
78
Jan 22 80
Jan Id
*77
78
*77
78
*77
80
*77
SO
78
*78
80 4
Hi 7‘.)
22 78 J’ly
Jan
2,900 264 Jan 29 3Oh Jau 5
27 4 274
ansas City Southern..
264 27
26h
27
27
2UHj 26's
27 Hi 27 H
11
Jan
4.500 56 Jau30 6lh Jan s 49 J’ly
66 4 58 4 >564 58
Do pief
57 H 68
66
57 Hi
68 h
53
68H> 58H
27
Jan
4 J’ly 44
20U
27
28 4 Jan 12
Jan 30
*27
31
31
*27
98-\ 10214
99*4 10.)
120-4 121 Hi
114 ;,4 11614
92 *s 92
101 h 102-h
100
100
120 >4 122
115 >4 116*4
*93
91H
101*2 103*8
102«8l03>4
987e 101 -hi
Atch. Topeka<fcSanta Fe
-
*
~
*
.
*
.
1
*
....
Delaware* Hudson....
•
tjMio
......
......
Havana Electric
■
U
Illinois Central..
’
KC.Ft.S.*M.,tr. cts. pfd
31
27
*27
31
*27
*27
32
*60
78
*63
*70
73
*70
78
62
62
61
62
62
$61 Ha 61 Hi
136H 134*^
137 h 137 Ht
135
137 H 135
*
141 H»
141H141H *141H143
*141 Hi 143
104
*104
107
*101H 107
*104
107
22 Hi 23 h
22 Ha
2 2 Hi 2 3 Hi
2314
23
*56
60
*06
67
57 h
o634 56h
99
*S7
90
89
159
8934 89 h
109 ^a
117
117
11638 117
116
117
145
160
150
147h 147 Hi 148 H 142
36 h
35 Hi
36 Ha 37h
3 6 ‘V
37 h 38
69 h
69 Hi
70
70‘e 70 %
69h 70 >4
86
86'4
86
873b
*s 8/
86h 87H
1,6
*137
140
137
137
*139
139
55 h 56
64
*56
59
*66
59
25h 2534 *25 h
*2oh 26 H. *25 H 26H
L5
126 7& 128 H; 126 Hi 127 7b 126 >8 127h
*
60
*55
*56
61
*57
60
*1:0
*110
120
*110
120
fllO
120
*80
83
90
*83
90
*82
90
185
*183
1847& 184 ?£ *180
185
443j
4
45
87 >4
87 >4
<134
81 Ha
*.-0
*80
90
151
lri
*116
•98
*115
13 3 ]4
153h
45
87
90
152h 155
4Hr
s4h
•89
92
*
90 h
*88
Js
26H
00
69
45
2 3 Hi
69 %
•67
*
4 3 H:
23 >4
*67
9234
*
117 Hi
28 >8
86 Hi
83
121
*28
*30
*
51 >4
59
S3
26‘s
*59
*
61
92
92
26 78
60
69
45
!327e
77
108
124\
$90
90
90
90
25 h
59
26 38
67
67
43Cy
*4 l
42 H
23 >4
23 \ ♦23
O 0 *-4 1 t) 1
54=^
91 7s 9 '^
91*8
117 Hi 117 s *117 Ha
93 78
11 <' 7p 1
27 Hj 23>4
28M
86 H 86 H
86 Hi
32 Ha 33 H
3334
*120
122
121
*26
29
29
3,1
33
82H
52
52 h
52 Hi
90
l,.2h 15 oh
I8 ab
121
166
115
17 Ha
17
18 H
18 Hi
121
125
125
*115
*98
*5>8
1(»6
1(6
115
*112
125
125
130 >4
13
2
>4 134
i 3 •! *4
*73
74
77
77
77
*100
*100
108
*100
108
125 h 126'<2
12;M8 1267e 121 U
*88
90
26
44h
85h
85-h
*29
51 H
Manhattan Elevated...
25 4
58 h
*65
42 4
60
24
2234
60
93
69
424
118
8534
324
1194
29
*29 4 3 L
85
86
32h
120
28
81
litd
NKW
314
117 4
514
Chemical
4100
Citizens’ Ctrl; 145
YOU 1C
Aotna
America*
2074 110
...
Amor Excli..
Astor
Batterv Park
Bowory!i
ButCll’S
....
in
Century!]....
Chase
Chatham
Chelsea Kxc!
....
1 550
2 10
650
120
320
1 70
175
5250
310
195
250
750
1.0
330
185
202
Coal & Iron. 25 0
City
Colonial 1]
...
Columbia^
..
700
490
*26
29
51
AND
Ask
4200
155
208
260
525
Commerce... tl324 H004
170
Consolidated 100
300
C’rn F xch1!!
100
Discount^]... 150
100
East River.. 150
200
Fidelity!]....
Fifth Ave?.. 3900 4200
Bid and asked prices; no sales were made
t Bale at Stock Exchange or at auction this
*
118
2 4 7s
84 4
315a
Rid
Ask
534
90 4
1 184
*26 4
51
51h
42
23
23
64
64 4
90 4 9234
118
118
25
267b
56
927„
25 4
534
65 4
264
69
BANKS
Banks
Lake Erie * Western...
*65
78
*65
73
Do
pref
78
*60
70
*60
70
Long Island
61
Louisville* Nashville...
136 34 133 41354 132 4 136
142 4 1424
♦1414 142
143
110
1014 104 4 *105
104
etropolitan Street....
22 '6 234 Mexican Central
22 4 23
2314
*65
58
*87
111
11534 108
140
142
144
4
36 4
35
36 Hi
69
4
70
70
86 4 >-7 4
87h
*135
140
136
52 4 51h
56
2434 24-4
26 4
127 H* 1254 1264
60
*55
60
*110
120
120
*81
85
83
*182
185
42
4
434
4 314 44 4
814 854
85
86
*80
S3
88
*80
153
1544
152 4 155 *4
17
18
17 4 18 4
*117
124
*105
125
*98
106
*‘.*8
106
*112
120
♦114
125
1-9 41314
1294132
73 4 73 4
T3% 73-\
108
*100
108
♦100
1194
122 4
119 4123
*&8
92
*88
92
*99
90
90
90
2 6 Ha
32 >4
119 >4
*26
27
264
59
67
42 4
23
56
93
118
26 4
85
32
118
29
30
514
61
Jan 3d
34,050 132 4 Feb J
30o 1414 Jan 2s
200 104
Jan 30
13,000 22 4 Jan 3d
54
Feb 1
J,OOo
400 87
Jan l-i
8,000 1074 Feb 1
4,1U 0 1364 Feb 1
1S.4U0 35 4 Jan 3u
'
Nash. Chatt.* St. Louis
58 >a Dec j 84
90
Apr 100
16,
13 4
Dec ””
103 Hi Apt- 183
29
43
May
6414 Apr 7 li
8j Hi Mat 106
133
M ay i 149
36
Apr] 5
18 4 J ’lie! 3t
126
Nov] I5t
..9
INIai j 7;
111
A pi 1 i 21
80
May I
'
1 ■ 9 u Dec *2»
| 43 h
May, 7
j 84
Feb
l
|
89 Hi Apr
i7914 May ;2c
i 03
•
Pacific Coast Co
Sepj<92
OU4Oct | 81:
136 ‘4 May 156
1.40
Sep 1162
103
J’ly 1127
184 May 29
67 4 Jan 9
145 4 Jan 5
14334 Jau 7
107
Jan 23
274 Jan 5
59
Jan 15
90
Jan 24
140*4 Jan ;•»
168
Jail 3
5
4 lh Jan
54
55
Minneapolis * St. Louis.
*87
Do
pref
107 4 112
Minn. S. P. & S. S. Marie.
136 4 13 9 h
Do pref
3534 364 Mo. Kansas * Texas
3.25U 684 Feb 1 7‘234 Jan 4
Do
684 69 h
pref
19,900 s5 Feb 1 92h Jan 5
85
S7
Missouri Pacilic
4 20 134
s
Jan
Feb ) 147
134
135
2,725 524J an 31 594 Jan 9
55
55
at.of Mex, noii-cuui.pl
*
nOO
’-ih Jan 3i 26 4 Jan 17
2 4 34 '25
Do 2d pref
Feb 1 134h Jan lo
54,50, 124
124
12 7 '4 N. Y. Central * Hudson..
t
63 4 J au
58
Jan 1 i
*56
60
N. Y. Chic. *,St. Louis...
110
Jau ;d
Jail
Id 110
*110
120
Do
1st pref
It 0 83
i
Jan 3!'
9lh Jan
*80
65
Do 2d pref
lot $1814 Jan 24 iso
Jan
•ISO
185
N. Y. N. Haven* HartJ.
42 ‘2 J an 3 1
8,aG
4s;Js Jau 5
434 43h N. Y. Ontario & Western.
81 4 Jail 292-4 Jail f)
84 4 85 4 Norfolk & Western
90 4 Jan lo
*-5
Feb 1
*85
Do
85
adjustment pref.
*149
Jau2!
1894 Jan Ti
15241554 Northern Pacific
43, »2i>
17
Jan 3'
20V Jan IT
Do .subscrip, rec’s...
*121 Jan 17 1344Jau
*117
124
*98
1st pref
106
Do
let* 115
Jan 29 1244 Jan
*110
120
Do
2d prof
128 4 Feb I i : 1 VJan ,S
128 4 13 lh Pennsylvania
78
Jan 'J ‘w
734
Jan 3t
74 4 74 4 PiU8b. Cin. Chic. & St. L.
10a 4 Jail
LOT) 4 Jail
*100
Da
108
pref
i
1 I 39V J an
Ft i)
1,317.02> ; 18
118 4 122 4 L> eadiug
DU
92
Jan \
89sJau !*88
91
IXlst pref
s
2,Too 90 Jam! 6 9 4 Jau r
*89
92
2d pref ....54,90m 2 5 4 JaM 3 1 3’., 4 Jau
25 4 204 Rock Island Company
H i *•, Jan
2,6 je 574, Feb 1
Do pref
574 59
tiOO
t 5 4 J an '•:
70
Jan 11
*05
66 4 St. L. *S. b'r., 1st pref..
Jan 31
2,100 12
42 4
4s’\ Jail
2d pref
Do
42 4
2,200 2 2 H J a 11 3 D 25 4 J an (
*22 4 24
St. Louis Southwestern..
*2,200 53 4 J ail 31
604 Jail ir
Do pref
60s 56 4
25
3.0," o 90h Jail a
96 '1 ,J an 14
iU4 93 4 Southern Pacific Co
7 7.; 1 i 6 '4 a all
2 118 4 Jan 1 1
Do pref
ll7h 117*4
Jail f)
25’Sj 26'h Southeruv.tr. cfs. sunpeu 6 1,970 24 4 Jail 3. 3 4
3,90t» 814 Ja 11 31 94 4 J an O
84 4 85 4
Do
do
pref.
37 ’« Jail 7
6,-iOi, 314 Jail 3 1
32
32 4
1,750 117 4 Jau 21 L23 Jan F
lurd Avenue (N. Y.)...
118
118
28
29
Jan -7
Jan
19
29
Toledo Railways * Light
*26
29
Jan 31
3334 Jan 5
31
30
Tol. St. L. * W. v. tr. ctfs
Do
2,l0n 5(>4 Jan 19 53h Jau
514 52
pref. vot. tr. ctfs.
'
!l*j
Jan
05
Jan 1(
105 H> Jan lit
i
:
Il22^.riy |H
51 ay
r
;loo
I
.
ijibo
•
so
90
22
60
60
v
May 11
! 112
I^exas * Pacific
51 ay
c
Jan
Jan
Jau
Jau
Jau
Deo
Jau
Jau
5lar
Jan
Nov
Nov
Jan
J an
Deo
Deo
J an
Apr
Jan
Dec
Jan
Jan
oct
Jan
Feb
J’ne
Jan
.May
Jau
Jail
Aug
I
Sep
1
Apr it
4 J ly
;•
j ly
(
Fen
7
Jan
Jan
Jan
Nov
Aug
Apr
40J’ly
;
20 i.j .vi a'
48 h Mat
61
Mat
f eb
Jan
l
Sep
Sep
U6
l
J’ly l:
31 % X o»
-j
93 *v 1 tec 19
28
51 ay
1
Nov rl
121
25 h Dec
25>4 J’iy
43
2
59■j I
J'ne
Jan
Jan
Oct
Jan
J an
Jan
Jau
TRUST COMPANIES—BROKERS’ QUOTATIONS
Rid
Gaiiku
340
Fifth
710
First
14th Street!]. 225
2d 5
Fourth
Gallatin
350
500
Garfield
German Am*; 150
German Ex! 435
Greenwich !>
500
280
Hamilton!]
260
Germania*]
..
--
Hanover
505
Imp ej Trail.
000
Ask
]
1
But
Bunks
Til ter boro!’.. 150
LrvuurX. Ex. 150
2 90
,J oiler sou’
...
212
3 711
525
158
50 .1
Liberty
Lincoln
30.4
Manhattan*
Market & Fu! 260
.*42
Mechanics’
l 70
Modi
Trip
Mercantile.. 250
Mercii Exch. 185
Merchants’.. 1 00
Metropolis V. 390
.
.
295
515
this day.
i Less than 109 shares, t Ex.-rights,
week.
cEx beneficial interest in ore properties.
on
75
**820
j Metropoli’11!
jMt
215
510
15
270
252
mu
Bunks
A SK
155
.Morris!..
-Mutual*1
1
I Nassau!
jXew Arnster
Now York
jl New
Co
York...
!
jlutli \VariP
275
jI Nort
h Amor.
Noriheru
! Oriental’
i
1j State banks,
h 1st instaim’t
.
;
325
200
2 10
|
50 1
35 >>
170
265
Bin
Bunks‘
Ask
175
1325 4
Night A- Dav
L Si)
17o
105
240
300
19"»
290
1200
!
Park
460
People’s!;....
3D >
100
1 80
Plieiux
Plaza!
I
Prod Exch*
;
Riverside!1
.
..
; Seaboard
2 75
!
275
j1
A sk’
250
170
Pacific*]
570
170
250
370
175
2-0
3S0
700
Second
state!
34th Street.. 207 4
1.2th Ward*,;. 4U0
190
23d Ward*
..
..
a Ex-divideud and rights,
b New stock.
paid. nSold at private sale at this Dnce.
Feb. 2
Si
OCAS—HIGH AS 7 A S J>
'26
Mondaw
Jan 28
109
103
Batura as
Jan
*105
17-A 1734
17041734
03
-92
*68
59
•67*4
69
17
*34 4
*26
17A
35*,
1704 172 4
92
92
*92
•55
93
69
•674
684
164
l*1*
33 4
*26
344
30
16 4
33
25
1234
55
*674
3o
57
54
55
69
67
67
26
35
32 4
13
32 V
*124
32 4
13
324
20
24 4
464
19 4
23 4
46 4
19
*•-34
464
*18 4
23
46
*18
224
13A
......
......
164
33 4
*33
•19
13*4
1684 171*4
§91
92
......
•
10234 103 4
......
......
......
,r-vr-
Thursday
Jan 31
41034
103
103 4104
17
31
25
334
23
444 45 4
......
109 4
*9 L
53
*65 4
172 4
......
.•••••
92
644
67
104
314 32-4
26
13
35
19 4
*U4
*33
*17 4
*214
45
......
164
104
•22
28
13
13
32
314
20
23
*18
23
234
454
40
sruuivs
PtCJVAS
LOW AST SAL A
IVeanesaav
Jan 30
Tueaaay
Ja n 29
103
««««*•
46
EXCHANGE
leb 1
......
1694 172®b
904 91
54
54
66 4
......
1114 11234
23 4 23 4
24
24
*8/
102
*87
102
202
*87
19 34 20
*20
21
•20
21
*
*
81
81
81
*.
42 4 42 7e
4234 43:,e
42i58 43
♦1014102
*101 A 105
*1014103
30
30 4
*304 31
30 4 30 4
*89
91
*89
91
*80
lJl
2354 235 4 235 4 235 4
*235
240
7
7
74
74
*7:,4
8
*534
6
*54
6
♦5a4
6
20a, 2t»A
29
*27 4 ‘-8 4 *27
86
86
86
86
86
86
§83
83
17
17
*
17
17
i7
19
*17
19
*32
38
§32
32
*32
38
*33
39
70
7*
714
714
71ca 72 4
714 72 4
♦111
H‘2
•111
112
§1114 1114 11141114
*34
4
*34
4
4
*34
*3 4
4
24
24
•23 4 26
‘23 4 26
*23 4 25
*92
93
*
§92
92
93
*914 93
1434 146 4 142 41454
145
146 4 146A
1144 lio
115
115
*115
1164 115 4115 4
*195
240
♦190
240
*190
240
*190
240
10O
*95
103 4 *95
*95
100
*95
H.O
10
10
97a 10
*94 10
9\
i7e
42
44
4 44
44
44
44
*44 4 45 4
1294 1314
130
131
130*4 131A 130 41314
131
13l
§131 131
*129
133
*128
132
*128
130
*128
130
*128
130
•128
130
96
97
98
984 $9734 9734
97
97 4
3034 32
32
32
32 4 32 4
32 4 33
100
1004
997g 100
100 4 1004 §10141014
271
276
271
275
279 4 269 4 277
276
*110
120
*110
120
*110
120
•110
120
16
144 144 •14
•144 154
*49
52 4
53
*50
*60
53
Do
......
65
Union Pacific
of San Fran
United Rye of St
*17
19
224
46
ft',77
Wabaeh
224
46
420
700
700
4,54U
pref
AmalgamatedCopper
Chemical.
Amer Agricult
Do
pref
Amer Beet Sugar
Do pref
American Car
Do
11108>aJan
31 4 Jan 31
374 Jan
17 4 JUU 23
22 4 Jan 29
44 4 Jau 29
2 14
25 -j.
Aim ;
30
2 • 4 Uct ,
At av’
23
f>*
Jau lo,
Jan 12
pref
§2 40
2,500
20
00
"550
235
600
6
American Grass Twine ..
Amer Hide & Leather—
De pref..
600
600
550
GOO
1. 0
33
01
Feb
Jau
Jau
JTiejUoo Aug
J’ly
27V Jan
Sep I 67
Jau
118'-,
Feb
02;<s J'ly
34 4 Jail
20
J ’ly
Jan
00
l >et 102
Jau
20 4 M av 35
16
324 Jan
Jan 21
Jan 5
84 Jan l i
Jan !9
Jan 21
29
40
234Jau 7
19 8: Jan 3o
M)
Jan 21
80
Jail 1
45 4 Jan 14
4
l
Jan
30
16,0th
Jau 12
6oo 1004 Jan 2 lo3
Oil
J’ly!
44
51 4 Jan
800
American Cotton
Do
pref
;§150 t ), t
Dec I 14 4* oe
Apr 21^ Feb
7). 30
7*1 16
§230 .Tan i §200 Jan
;67* Jan
5,200 13 Hi Jan :i
3,300 3414 Jan 3 . 4334 Jan
121
-s J an
110%
Jau
50
526,700
1,700 23 Jan 31 25'V Jau
& Foundry
122si Jau
Ma\ll 5;V Sep
-M;i\| 004 Jan
7 | 50
Apt I 08 Jan
7
55 Apr* 034 Jan
I 844 Apr j 87 4 Jau
5j 18 Dec >6 4 Jan
7 36 -*jDecj 53-v Feb
5|T3SK»
7;; OL 4
18 4 Tan
38 4 a au
304 Jan
Jan 17
Jan 30
Jan 20
Highest
|
Dec
Toll)
50 Oct
1634 Jan
i*io2
Adams
Express
llis-Chalmers
Do
16
31
25
G.OiO
Do
2d jpref
Wisconsin Central
Do pref
Industrial & Mlscell
Feb
!j Loicest
Highest
Loicesi
Jan
It*.59o 1687a Jan 3011 ‘3
Jan
545 9034 Feb 1 04
1,500 53 Jan 31 62 Jau
71‘sJan
220
65 '<2 Feb 1
Lou. prei
*32
19U? |;A,’a«j/e tor Previous
7oL-.ij
Year (19U(i)
\On basis of lou-share
2,100 102
'
164
Do pref
33
Western Maryland
30
Wheeling d* Lake Erie...
13
Do let pret
34
Kanye tor Year
;
Week
Shares
pref
Do prof
U nitRyalny’t
Do pref
4
..•.••
104
314
§30
*124
Saues O'
the
City Rapid Transit
Twin
103
102
*290
300
•290
300
300
14
147a
134 143*
15
*36
374
344 374
374
1103a 1124 1 lo1^ 1123a 1104112 4
23 4 23 4
23
234
*23 4 23 4
*87
102
*87
102
*87
102
*184 20
194 193< • *184 20
*
81
*
81
81
41°a 434
414 424
414 42*4
101
101
1014
1014 1014 101
30
30
29“a 30
29 4 30
92
*88
*89
91
*89
91
235
235
§235 235
235
235
*64
7
64
64
634
6-*4
*5
4
6
5 4
54
54
534
24
4
25
264
*25
24 4 2'1
1114113
23 4 234
STOCK
NEW YORK
JtYiday
*290
*290
300
*290
300
*290
300
14
144 15
14 4
lo
*16
15A
36
374
384
37=s 394
38 4 3sA
112 4113 *8
257
New York Stock Record—Concluded—Page 2
1907.J
i'O
•247
Jan3*
Sj Jau 31
6*c Jail l 6
5^ Jan 30
24 4 Jau 3o 304Jau 7
85
Jan 10 88 "J an 2
16
Jail 2 10 4 Jan lo
Jan 7
33Ab Jan 3 I 36
70
Jan 30 74 h Jan lo
1004 Jau 2 1114 Jau 21
89 4 J a n
82 *(. Uct
47 4 Jan
32j4 J’ly
J an
08 4 j’ly 105
44 4 Jan
Ma\
28
05
Jan
00
l)e»
Ana
2:5
Apr 272
77y Mu;; 114 Jau
10
Jan
5 4 Novi
.Jan
24
Novi 43
3514 Jan ! 0 1 •« Sep
16A Dec! 20 4 J an
35
Dei [ 53 4 Jan
18
Do
364
pref
53*4 May! 78 4 Jan
33fia 33^ *32
12.12.'
American
locomotive...
704 714
lO ' 4 Deo 120*4 Jan
70
72
300
Do pref
4
*11041114
J’nej 6*bApr
111
111
Amer.
ctfs.
of
dep...
Malt.
25
Jau I 2078 Apr
*34
4
*34
4
264 Jail 3
"ibo
24
Jan
11
Do pref. ctfs. of dep .
♦234 25
02V»
Deci 101 V Jan
*234 25
63 02
Jan 22 53 4 Jan 7
93
138 4 Ma>! 174
Jan
*92
92 4 *92
1304 Feb 1 x155 Jun 7
187,050
Dec 130 Jan
14i°8 1444 1394 144 4
ll?^ Jan 7 112
3,010
112°8
Feb
1
Do
220
Jan
pref.
1134 1144 1124 114
Jail 18 260 J’ly
05
107 4 Jan 11
Jan
*190
240
Dec D>7
100
*190
240
Do pref
15*4 Jan
100
*95
0a4 -\o*
*95
100
Jau 31
'(|34 Jan J
84
4,040
94
94 American Steel Foundr’a.
40
May 53*4 Jan
Jan
84
95
1,850 414 Jan 3. 47 4
Jan
Do
42 4 427e
pref
5 1274 Mas 157
Jan
414 427b
13,180 129-4 Jan 30 1 S6:*h
Jan
American
Sugar
Refimnt
Jau 2 1 8 4 Dec 140
129*4 I303s l'J97b 131
154 130 4 Jan 4 131
Do
*128
133
pref
144Ao
Jan
J’ly
*128
133
Jan 4 130
Jan 31 133
300 128
Jan
128 4 128 4 Amer. Teleph. & Teleg...
06
J’ly 100
128
128
Jan 30
98 b Jau 5
96
3,285
Jan
Amer. Tobac. (new), prei.
96
97
28
",
Nov 48
96 4 96°b
30 4 Feb 1 304 Jan
3,285
304 314 American Woolen
J'ly 110^8 Jan
101
314 314
996 99 4 Jail 31 102 7h Jau ft
300
Do pref
Feb
*994 100
99 4 99 4
Feb 1 291 4 Jau 3 223 4 May
Jan
j. 106,760 269
269
2744 Anaconda Copper
J an LI 105 *y Nov 178
270 4 275
Jan 3 LI 1
no
21'*4
Orooklyn
Apr
Gas...
*110
120
Union
134 J’ly
*110
120
Jan 31
14 4 Jan 4
390
14
70 .May
X>runaw. Dock & C.Imp’
40
A pi
*134 15
14
14
Jan 4
49 4 Jan 3
49
52 4 Butttnok Co
Jan .4
*49
524 *49
334 Dec 40 7(j Jan
-4,040 34 3, J a n D- 38
*50
53
35 4 364
36
37
98a4 Dec 107 4 Jan
36
374
Jan 31 lo 1 4 Jan Ll
36
36a.
99
1,090
t
83 A8 Jan
364
37
Do
307e 37
*984 101
pref
40 4 51 a;
99
100
100 4 IOO4
10041004
46 4 Jan si
674 Jan 8
78,520
101
101
112 4 Jau
Colorado
Fuel«fc
Iron
46 4 49
§101 lot
85
J’ne
.Jau Li*
464
48
4
47
Jan
30
4
85
494
100
4
474
85
6014
49
514
Do pref
SO’s 51*,
*81
95
17
M ay 3o v Nov
Jau 7
*81
95
Feb 1
85
8a
2,8
*85
95
2,200 24
*85
95
•85
95
Col. As Hock. Coal <fc Irou.
24
25
18 0-4 Apr 181-T Jan
24 4 244
Jau
<
Jan 3u 13^
24 4 25
244
24
4
133
3,300
26
264
28
>
•244 26
Apr
18*4 J’ly
133 4 133 4 133 41344 Consolidated Gas (N. Y.).
133
134
134
135
22 4 Jan ‘J
24», J an J
15,22.
135 4 135 4 13641364
22 4 234 Corn Products Refg
Ala> 854, Apr
74
Jan 28
224 234
22 4 23^
88
234 24
824 Jan
3,435
7s
Do
Jau
24
24 4
23*4 24*s
Sep
pref
51
85 4 854
85 4 80
86 4 864
85^ 8«
12,784 x63 4 Jan 30 75 Jan 3 138
88
87
Distillers Securit’e Corp.
Jan 109
Jun
86\ 87 4
70 4 72
69 4 714
lan l(j
69 4 71
704 714
160
Jau 18 163
70 4 714
112
71
Federal
Mining
&
Smelt’g
71A
*150
170
01
Tq
Jan
J’ly
J an ) 4
*150
170
*160
*150
170
07
170
02
Jan
31
2,?o0
•150
160
Do
Oct
*150
170
Dec 184
92
pref
934
92
93
Jan 23 £156
92 4 93 4
93
93
163
1554
Jan
il
6,850
934 934
*934 95
Jau 24
16641584 1564159 General Electric
157 4160
156 4159
610 128 4 Feb 1 131
1604
158
26 4 J an
1584 1584
Granby Cons M S & P....
10 iy Sep
1284 130
129
129
*128
130
130
Feb 1 18 4 'an V
130
15
7,66v
130
130
00
J an
•129
132
15
154
154 16
16
17
Feb 11 80 Dei x95 Jan
164 16 4
704 Jan 31 81
1,650
17
17
Do
17A 17 A
pref
Sep
*79 4 794
48
794
7934
*80
81
600
30
48
Jan
5O3*
Jau
15
797a 804 *
80
80 4
60
International Power
May
80*4 80A
28
Jau
484 *474 48
*
48
48
49
Feb j 41 Jau 7
1,700 34
49
494
M ay
02
*49 4 59 '
34
344 Interuat Steam Pump....
70
Jau
34 4 35
36
36
344
357b
81
Jan
I4
78
4
Jan
li
•37
40
Do pref
84 4 Sep
*37
40
54
J ly
*754 80
*75
80
*78
*75
78
80
40
Jan 2,
694
Jan
4
•77
80
Knickerbocker Ice( Chic;
80
*77
*45
*45
63
73
Jan 3o 7 514 J an 2 4
2,546 71
*45
73
714 717a AL.ckay Companies
71
714
71
71^
Jau24
71
69
7134 72
Jan 31
3,14*
72 4 73 4
72 A 73
Do pr .f
70 4 Deo
62
Maj
694 69 4
09
69
69 4
69
4
70
77
Jan 4 ^6i4 Jan 1;
694
8,2 3 o
70
70
697g 70*4
81
82
113
Jan 118 4 Oct
784 82
80
78
804
LI
81
Jau
;
6'V
1164
Jan
7
Do
i8 8, J an
8O4 814
8l34 82
pref
12
-Mat
U«4 *117 1184 *117 1184 Nat EnamelingdfcStamp’^
13 4 J an 21
15-V Jail
1184 *117
1184 •117
*117
1184 *117
88 4 Mar
*134 144
82
Sep
*13 4 14 4
H5
*134 14A
*13v»
144
3
81‘^Jan
*13
Do
05
4 144
pref
A Jau
*1334 14A
*84
87
M aj
06
•84
87
*84
87
87
*84
Feb i 7014 Jan
ll,72u 65
•84
87
*84
87
National Lead
65
68
100*4 J’n* 106*4 Jan
664 634
69
60
694
87" [o*2
69 “a
Feb l 103 Jan
69 4 70 4
Do
704 70A
pref
i63a4
Jan
102
1024
133
J’ly
1024102 4 5 102 4 1024 133 1344 New York Air Brake
1,650 rl33 Jau 3i 14 1 Uj J an
102 a 1024 *102 4 103
*102*8 103
Jan
.17 *•, Nov 107
133
1344
*133
8.J:»4
Jan
138
133
133
80
6,623
4
J
an
31
138
*133
North American Co., new
•133
138
8L
82
&0 4
2834 J’ne 514 Jau
317b
82 4 834
4 [
81
82
'g
Jan
1
32
beb
6,000
83
84
84
4 84
Jau
32
35
88
J’ly 103
34
35
3b
35
36 4
37
9s°g Jan
11,100 04 4 Jan 1
37
37
364 37
96
95
eop. Gas-L.tfcC. (Chic.
13*4 .M u> 18 4 Nov
964
95
2ot
Dl3, 96 4
15V Jail IP
96^ 964
107e Jan
96
97
62
Pittsburgh
Coal
Co
964 07
50
4
Jan
J'ly
*154 164
17
»;o \ Jan
15 4 153,
60l
56
Jan 31
I64 164 *16
*16
i7
Do
04 0 Janf
*16
17
pref
.Mu66
66 4 *50 4 58
Jau l<» ,43
56
574
47
Jail
31
57
4
57
4
14,8
it
57
67
*57
Feb
69
48
40 A Pressed steel Car
05
Mu; 105
4 7
4 84
Jan lo *9.1 V!au Ji
49 4 50°m
065 98
4/4 504
50A 524
Do
52 4 53 4
pref
Nov
*984 99 4
Dee 2<<>
§99
99
t-eO
i 181 ifc Jau ,K 180
98 4 98 4
98
984
108
4
1,60
‘99
100
Pullman
62
Company.
*90
lOo
44
May
>4 Jail
1634 171
Jan 3
5 7 u, Jan 1"
17 141714 171
1714 *468 172
5,800 61
1714172
§172 172
61 4 52 4
J ail 8
51
62 4
07->4 J ’ly 107 Jan
Jan *_2
52 4 53 4
'.•'.)
I 1
98
514 524
H \ Dm
VDo
*534 54
53 4 53 *•
pref
*i-7
98
Jan i
*97 4 93
22*4 Mu*
Feb ]
32
41
§974 974 ♦9734 98
17,60
*974 98
*974 98
32 4 35 4 Republic Irou A Steel....
01
Ala; IIO4 Jan
Jau
7
3J7» 36~
Jan 3 1 D'O
36
34
3b38
36A
4.480 90
Do
07 4 Jan
304 37
pret
37
37
96
68 4 J’ly
4
97
96
4 971,
77 ), Jan 7
97
09 4 Jau 30
96
97
4
97 4
0,400
113
974 98
Apr
98^4 98*4
694 714 Cloas-Sliofiield St. A Iron
70
71
Jan 4 § lo 7 Jau 11 101 n, Uct
69 4 714
§105
O
72
72
Do
pref
l1 106
71 ^ *102 106 *102 106 •102 1004
724 72a
Jan 1166 Nov
Jan -1 120
Jan 1
102
•102
154
♦102
88
106
Tenn.
Oct
Coal.
Iron
A
UK...
*103
60
1064
100
Ala;
♦165
Jan 17
*153
158
.-0
Jan 29
85
*155
*155
159
159
30.
*155
160
15 4 J an
Texas Pacific Laud '1Tu.ni
*155
160
5 4 Sep
*80
82
Jan 16
*7y
81
8
80
Jan 1
83
83
320
1
80
*82
85
Jan
84
*82
85
< >cl
52
*64
8
7
Jau
7
ni
J an 21
61
7
7
:•<>
58
§7
7
Do
J an
53
prei
74
7*43 4 Ala;.
*573, 60
*57
00
404 Jan 6
45 'i Jan
.r.
2,600
U. S. Cast 1. Pipe A Fouu.
60
60
46 4 47
o3 >4 Dec
0'J7@ Jan
454 464
80
Jau 15
83 4 Jan
45 4 46 4
30*
464
40
4
4
Do
47
47
47
pref
L38
47
4 J au
*86 4 89
100
Alay
*
87
87
88 4
*--— 88 4
§110 Jan 25 n 17 Jan 0 75 A lie 0 i J ;m
87
87
United States Express...
*85 4 88 4
♦100
115
*100
115
115
*108
*108
116
i’bbo 7/ Jan 31 90 Jan 1 24
♦108
115
S Realty A Improve’nt
*108
115
U
Alai
78
40^
J’ne
78
78
77
30 *4 Jan 28
79
79
Feb
*79
83
1.100 27
80
80
84
J ne
*81
U S Reduction A Rettn’g
83
Mat
60
27
27
29
29
68
Jau
29
25)
*27
30
lOu
60
Jan
2
30
304
Do
5 04 Uct
*28
30
prer
00 4 61
J’ly
*60
65
52
Jail 7ii ;F8
*60
67
*61
67
.484
Feb
6,500
*63
6
7
*63
07
United States Rubber....
xi 15 Jan
48 4 49
4>4 49
1097« Jan 7 2101-14 J'ly
48 4 49 ly
484
1, lOo rl»>4 Jan J
4S4 49 4
Do
1st pref
4i*4 50
100
lo6
,5
Alai xS7 >•> Jan
Jan • S
105
105 4 1054 106
784 Jan 7
105 41054
30
75
Do
2d pref
105 4 10534
10o7g I06
50'4 oct
-73
75
‘73
75
;2'h I 4
Pt/'V-'an 7
*73
75
70
835, !50 4.4 Jau 3
75
75 4 *73
*7 n
76
424 444 Umteil States Steel
J’ly 113 >4 Jau
424
1 0.4, Jan
Jan
7
4
3
4278
45
6
4
104
4;>
:V
-b
7
i,
51
44 4
Do pref
45 4 46 4
46 4
.
*1
J’ly 58 .Jan
105^ lo4 4 1054
105-V 104
Feb
.'.2
30'VJan 7
3,43'
1054 104 41054 104
105 4 1 Of) 4 105
33 4 Virgin ia-Caroiina Choiu..
32
J’ly 11 4 Jan
33
33
Jan p 10i
.Tan 30 ;(.8
32 4 33-4
34
4 0 10.)
34
4
3
Do
Deo
35
4-4
35
54
pref
*lt'3
108
38
Alu;
*1024 105
Jan 22
105
I06
Jan 2 07
77
*106
103
2,400
♦1064 103
Uct
*1004 108
Virginia
90
Iron
Coal
A
C..
Ala: 305
90
*8 5
90
90
89
Jau
26
'0
26t
23.
$2
Jan
85
28.)
4 90 4
120
87 4 90 4
hi'*, 80 4
♦275
305
30o
♦275
305
185s
Jan
*275
iO;j£~J
,
Dec
Ol’jJan
82
*270
305
4
1*
ell
1,730
305
est’n Union Tele’gph
280
§290 *275
82 4 82 4
82 4
32 4
82 4 83
83
83
-4,700 148h Jan 17 151 Jau 2| 148 Aug'lui Jan
83 4 83 4
85-4 83 4
150
West’gli’seEl AM fgassen
*150
151
......11162 Nov) 18-8 Jau
150
130 4 150
150
4150
4
150
Do
1st
pref
157
4 150 4
*150
*
*167
182
167
1
82
*167
182
*107
182
*107
182
*107
182
-
80
18
86
18
86
86
*164
-
......
Clentral Leather
International Paper
National Biscuit
.
Pacific Mail
‘
Iiailway Steel Spring...
.
.
Umou Bag A Paper
•
•••••
.
.
.
.
.
_
.
......
•
,
-
W'ells Fargo A Co.....
.
BANKS
Bid
A sk
Hanks
255
Umou Exch* 245
U s Exclia’e1! 122 4 1324
Waslu H’lits* 226
600
West Sidei;.
400
Yorkville’
:
160
Broadway’;.. 415
140
Brooklyn^!
Borough'’
..
150
Trust Cos.
Bid
Ask
410
580 i
550
450
Bowl’gGreen 4 40
162
BroadwayTr. 157
210
Carnegie.
Central Tr’st 2925 2100
410
400
Colonial
200 !
Columbia.... 240
Commercial. 210
145
Commonw'tli
330 j
315
Empire
Equitable Tr 425 440 1
Farm Lo & Ti 1320 1335 !
..
.
165
J35
230
I
sales oil this day. § Less than lOOsliares.
at auction this week 0 Ex stock dividend.
Trust Co’s
Ave Tr
310
Fulton
Guaranty Tr 4*5
Guardian Tr 225
Hudson
Knick Tb’k’r 1150
Law T I &'l’r 275
Lincoln Tr... 4 392
470
Manhattan
330
515
235
..
M ercantile..
.....
Metropolitan 585
Morton Trust 710
120
Mutual
t Ex-ngilts.
•
555
TViut tin
Ask
215
Mut. Alliance 205
N Y LiteiteTr lOoO
New York Tr 125
425
StandardTr’t too
3'itleGu A Tr 570
SOO
Tr Co of Am. 1 S'O
L nion Trust 1325 1350
tb 'J
| US Altg&'Tr 170
1275
U nit States
| Van N’denTr ::05 315
......
105
1 400
280
Trust Co’s
Bid
BROOKLYN
Brooklyn Tr 4-10
150
Citizens’
270
Flat bush
Ask
460
160
....
Franklin
....
31.)
Hamilton.... 330
325
350
Home
160
175
Jenkins
200
205
.
....
490
.
-<50
595
;
Washington
Windsor
d?
10 1
200
210
1
130
It New stock,
f.nrtifipi*
Bid
Trust Co’s
Ask
Bid
1 Fifth
CITY
Bankers’ Tr.
•
390
First
Home Bank' 160
.0 anti fact rs’. 400
325
Mechanics’,
250
N assau
305
Nat City
North Side’). 390
Prospect Pk* 150
130
Terminal
215
Union’!
t Bid and asked prices; no
•Sale at Stock Exoliange or
Ask
N. Y.
BROOKLYN
..
BROOKLYN
Bid
Hanks
I
j
COMPANIES—BROKERS’ QUOTATIONS
AND TRUST
c
Ex-divnlend
anil rigilts.
iruir.rftfl vvilh
i
Kings (To.... 4;>0
L I si L*feTr. .4 l ft
270
Nassau
325
People’s
Williamsb’y. 220
1330’*
1280
350
230
New York Stock
Exchange—Bond Record, Friday, Weekly and Yearly
OCCUPYING
BONDS
Price
It0
Week's
N. Y. STOCK EXCHANGE
Friday
Wbkk B\msn Feb 1
Feb 1
Bxa
(J. S. Government
5
Q-F
O-F
%-F
102%
101
101
129
129
SI j
Q-J
O-F
1'*)'.
con;.on
^
—
fe
Range
or
Fast Sale
No
Week ExorNo
.
...
103%
......
129
3u 129
.
.
.
.
.
.
129
129% 129%
.
.
_
q
n
Q-F
A-O
A-O
F-A
J-J
J-J
M-a
*
t
General gold 4 %»...„
Q-J
t
*
j
*
t
99%
98%
94
91
94
91
Sale
Sale
84%Sale
93% 94
t'l fiese
Stare Securities
....
Loulaiauu
ucav consol 4s..
North Carolina consol 4s.
So Carolina 4 '-s 2t*-4u
Term now m U1< m< nt 15s...r,n:
Small
Virginia
tumi oeDt 2-3s...1991
deterred Iirown Bros cl
J-J
I*’-A
'i
are
pr ices
A-O
J *J
126
tzsu
105% JL)eo’04
J’ly’Ub
J’ne’06
101
122
94
J-J
,1 - J
J-J
the b
0 n
95
95
95
95 *-■ I>ee 9)4
95*4
05*4 Jan ’07
"95"
....
Jan'o7
20
•
O
‘95
95*4
95*4
20
20
(blill'Ult'.
A
labauia Coni
See So
Albany <fc Susa
1st s f cur 6s
1907
1st consol g 6s
1934
General consol 1st5s....1937
By
^
Registered
Allegheny Valley
Ail eg A. West
Q-J
A -O
A-O
J-D
Registered
Registered
h
Xo\
Nov
Stamped
h
M-N
Debentures 4s Series E. 1907 F-A
Senes H
Series 1
11*11
89
90%
100*8
Sale
i *4
95%.—
95*4
95%
F-A
92
Sep '05
91%
92%
99% Ma\ '05
99*4 Oct Mu
10<>% Jan ’06
97
94
1st
gold 6s
Austin A N W
91
92%
91%
92%
14
9
...
....
Dec’00
Nov’06
94
95*4 Aug’Ob
98% Sale
......
98
......
71
98%
......
129*8
........
112
93
9S%
....
132% Jan ’06
112% Jan ’04
114% Nov’US
114*8
97%
89 % Sale
9 9 Si Mar MO
89
89 %
•4%
96*4 Dec Mb
....
48
89
89%
Extension 4s
See
A Ohio prior 11
Tjttlt
O
J-J
Registered
Gold 4s
Q-J
A-O
Q-J
P L E A W Va
Sys
92% Sale
92%
95
ioi% Sale
J’ne’OO
101*4
102%
Jan’07
100
90
....
M-N
ref 4al941 M-N
J-J
......
96
..
97
90% Sale
Q-J
102
9b
90%
90%
92
30 101% 102%
100
101%
....
an
89%
2
04
Oct M6
90
95
96
89%
90%
100%
Oct MG
......
M-S
A-O
J-J
Booh A Pitts 1st g be...1921 F-A
Consol 1st g 68
19*22 J-D
Buffalo A Southwest See
Buff A Suaq 1st ref g 4at/1951 J-J
Bur CB4N Set C R I A P
/Canada South 1st 6a.....190: J-J
W2d 6s
...191; M-S
Registered..
..191: M-S
Garb A Shawn o- * Ill Gent
Carolina Cent See seab Air L
Carthage A Ad e>ee N Y G A H
CedRIaFAN see B C R A N
Gea Branch U P l stg4s...l948 J-D
Cen Branch Ry See Mo Pac
Cent of Ga RR 1 it g os..pl945 F-A
Oonsol gold 5»
1945 M-N
Registered
1945 M-N
latpref moouieg 6s....pl945 Oct
2d prof income g 5s
pl'Jio Oct
3d pref income g 6s....pl945 Oct
Chatt Div purinon g 48.1951 J-D
Mac A Nor Div 1st g 5s. 1946 J-J
Mid Ga A Atl Div 5s.... 1947 J-J
|
Mobile Div late 5s
1946 J-J!
118%
118%
‘102%
118%
102 Sa Salt
102 Sj
lit)
103
Apr’97
119
123
124
Apr Mli
121*4
.! 125% Nov’06
1
94%
9b % Jan
4 1 18% 118%
2 102
102%
.
.
.
.
....
’07
....
100% Sale 100%
190%
104% 105 *ai 104% 105%
103
Nov Mb
104%
94% 96%
30 100
100*4
6 104% 106-j
Nov’06
1
110% Sale
85
95
1
L17
90
76
66
90*4
1
18% Dec Mb
11U%
110*4
90
!
!
15
Jan M7
73% Jan M7
63
*3
93
Jau ’07
J’ne06
107 Si
107 Si
! L15% Dec’051
109%
‘115Sj Aug’05j
L15
-
-
-r
*
109% 111
90
90
73%
63%
65
75%
NovMol
....
102 Si
100% Sale
92 Si
107
1945 A-O
ir 4m....2002 J-J
106*4
87 7« Safe
1 105
106*4
106%
87%
\
89% 453 87% 92*8
102*4 Jan’07
102% 102%
102%
100
104
IO6S1 107% Jan *07
...IliO
89
89
*
Oct ’06
86%
89
88% Jan ’07
83%
83%
103*4 Nov’06
104
Dec’06
84
103
103
106S108
"i ’89" *89*
3
‘88% 88%
83% 85
95
J’ne’OO
93% Oct ’Ob
92 %
92 %
90
80
pnoe this week.
91 Si
Sale
96
*”i
79*i
81% 568
7l‘:,4 Sep ’Ob
.
109
98
aDue Jan
91* * 93**
79%
82
vlar’98
May’Ob
d Dae Apr
e
Due
May
7 J3*
10334
100
103
103‘4
116
J’ne’06
May Ob
105%
1U534
"j*9*-I ioo%
Jan’07
79
100
lios Jan ’05
102
SO! 100
■
100
102
Dec’06
101%
lUOL too
*.‘i
102
.
100
J
103
100%
Jail ’07
Jan ’07
uct ’06
Jau’07
132
Uct
108%
93
92
131%
ly M6
102 Si
I007e 101 Si
M6
ri6% i*i*7%
126
Jan ’07
126
......
lll%lil7„
106% 104 % Jau M7
1
107
107% 104 % Oct ’06
104 Si 104 Si
107
106
90%
110%
112%
104%
92
92 %
115% Oct ’05
!U^
112
j 108
110 -4 11U« ilu:s,
106 %
.no
122%
137 Si
107 % 108
110
101
106
|
Apr’06
!
Jan ’07
111
..
lu7
115%lll3% Jau M7
.117
101*4
102‘a
102 *4
M-N
J-J
J-J
116 Si.
113*4
J-J
100
|H8%Nov’0b
,
124*4
ioo"'
IOO**
’
88*4 Sale
118
i20'
iof*
102
100
2
i 122*4122*4
3
116% 116*5
97
38
99*4
ibo S»
89
91%
91*4
J’ly’04
92*o Nov’06
90*4 Jail ’07
Alay’04
93
89 Si
90
75
79
88 Si
1 02 *8
117
120 Si
11L
109
107'a 110
107
•
100*.,
400*4 Sep ’06
91 *4
Sale
91S,
94 %
93 %•
91
90 Si
90
90
75
Sale
98
i ,3*4rii*
Feb’Ob
105*4 Dec'05
101 *8 Sep ’06
102‘-j Dec’06
122*4
122*4
116 Si Oct 'Ob
142 Si Feb’02
L28 Si Feb’06
Oct’06
tlOl
109
sep *03
!)16% 116%
iqio u.\T
1<>2
100*4 101 Si
108% Jan '04
M-N
M-N
M-N
M-N
M-N
102
104
1064, Nov’06
101%
"»'i%
lu4%
*. * V • '4
107 Si J’ne’06
101 % Jan ’07
1101
Sep ’06
'107
Jan’O',
104
J-J
104
104
Nov Mb
.
iob%....
A-O
1107a
J’ly *99
106% Apr M5
104% Jau ’07
..
....
...
J 1
92%
il*2%
110
J’ue’ob
104
Jan’07
112
Oct Mb
104 Si
Dec Mb
105
109
Feb Mb
115
121
120%..
XovMb
10 2 %
Jan 'o, i
102
102
J ’ly ’06!
lol
9 7
97 V 97 *4 Jan ’
95
96
NovMO
Ort Mb'
ill
110
114 -• Feb’06
M-N I 122 Si
F-Ai 113*4
M-S I 126*4
90-j
112%
Oct’06
Aug’04
182% Apr Mb
108%
101%
104%
103%
109*4
113
1933 M-Ni '114
126
111% Jan M7
1 05 X Sep ’06
107*4 10/
......
F-A!
103
1U8% 109
126
......
I
loo
ri*3% ii‘34
102
r
Loo
117% 117% Jan M7
118% Feb Mb
113% Sale 113%
113%
......
F A
102
101% 102
......
F-A|
80
74u4 25
7334 76%
80 % MayMo
100 Si Jan *07
100 Si 100 Si
91%
92-, 107 91 Si 92 Si
90
Sep ’06
101% Sale
100%
M-N;
Q-Fj
-
194
Feb’06
9934
100 Si
97 S> Dec’06
113 4 Feb’05
104
100
91
Q-Fj
M-N
115” rib"
73%
Sale
102% 104
108%
A-O
A-O
A-O
A-O
M-N
M-N
A-O
A-O
103S
105
104
112
79
98%
92
M-N
M-S
J-J
J-D
A-O
M-N
M-N
J-J
‘.111
110 VI05%
90
vi * 9*0*4
May’06
May’04
76. 148
75
77
88 Si
91
Dec ’05
90
27
May’06
11*7" ’ 117*
Jan ’07
Mar’03
Nov’05
Nov’06!....
May’06!....
Xov’061....
Next I*as«;
Railway
Met St Ry gen col tr g 5s. 1997 F-A
Ref g 4s
2002 A-O
Kway A 7th AT lstc g5s 1943 J-D
ColAOthAvletgu g 58.1993 M-S
I^exAvA P Fl8tgug5sl993 M-S
Third Ave RU conga4s 2000 J-J
Third Ave Ry let g 6s..1937 J-J
Met WS El (Chic) Ietg4s.l938 F-A
Mil El Ky A L 30-yr g 5s.l926 F-A
Minn St Ry let con g os..1919 J-J
N Orl Ky A Lt gen 4%s ..1935 J-J
St Jos Ry LtH A P
letg 5s ’37 M-N
:st Paul City cab con ir 5s 1937 J-J
Underground c! Ix»n 5s... 1908 J-D
Union El (Chic) 1st g 5s..1945 A-O
United lilts San Frsi 4s. 1927 A-O
United Rys St L 1st g 4s. 1934 J-J
W Chic St 40-yr con g 6s. 1936 M-N
pDueJ’us
99% lOUsj
100
....
9934 Feb’06
80
74
101%
Cine R Y A Pac HR 4s "2002 M-N
Registered
2002 M N
CoU trust gold 5s
1913 M-S
Bur Ced R A No 1st os. 1906 J -D
Con 1st A col trg 5s... 1934 A-O
Registered
1934 A-O
ORIEAN W 1st gu os.1921 A-O
M A St L 1st gu g 7s.. 1927 J-D
Choc Ok A G gen g 5s .ol9l9 J - J
Consol gold 6m
1952 M-N
Keok A i>esM 1st 5s
1923 A-O
C !lnc .-a i, A N O sec ill Cent ‘
on
....
jl05 Nov’Ot
j 115 '-4 Jan Ml
M-N
M-N
M-S
J
....
j
.......
1 04% 1U5
1933 M-N
..
Street
BkCity latcon 5s.iyi6.1941
1999
1999
1921
1921
Winona A St Pet 2d 7s.. 1907
MU LS A West 1st g6s 1921
Ext A Imp sfund gos 1929
Ashland Div 1st g 6s.. 1925
Mich Div 1st g 6s.
1924
Convertible deb 5s
1997
Incomes
1911
C
..1917
1917
Registered
General gold 4s
1988
Registered
1988
4s
Refunding g
1934
CoU trust SenesH 4s
191U
J 4s
....1912
M4s
1915
N 4s
1910
O 4s
1917
i>ll8€ELIiAMKOl)8 BONCoatinued
itiiilwny
Brooklyn Itaj, Tr g 5s
Friday; latest
Debenture 5s
pin
91 Si
Nm*i
•No price
1879-1929
1879-1929
Jan’07
Jan M7
loo % Jan M7
100
Jan’07
103%
195*4
115%
DesMoAMinn 1st 7s.. 1907 F-A!
North Illinois 1st os....1910 M-s!
Ott C F A St Paul 1st 5s 1999 M- S
See Long I
J-J
lik G Co A S con gu
g 5s.1941 M-N
Bklyn U11 El 1st g 4-53.1950 F-A
Stamped miar 4-5s
1960 F-A
Kings Co El let g 4s....1949 F-A
Stamped guar 4s
1949 F-A
Nassau Elec gu g 4e
1951 J-J
Conn Ry A List A ref g4Si»’51 J-J
Stamped cuar 4 *28
1951 J-J
Den Con Tr Go let g 5a... 1933 A-O
Det United 1st con g 4Sjs. 1932 J-J
Havana Elec consol g 5s. 1952 FA
Inter-Met coll 4 Sis
1956 A-O
Internal Tree coll tr 48..1949 J-J
Louis Kv Co 1st cod "6s..1930 J-J
Manila Elec 1st A coll 5s. 1953 M-S
1879-1929
os...
Registered
Sinking fund deb 5s
Registered
Bruns A West See Atl Coast.
Buffalo NYA Erie See Erie
lfsl reluud couv
Registered
Sinking fund
Registered
Debenture 5s
Apr’05
119% Mar’04
9b
'
Registered
...
109
110
1886-1926
1886-1926
Registered
General gold 3%b
1987
Registered
pi987
Sinking fund 6s.;.1879-1 929
93
108% J’ly ’05
Bat Creek A s See Midi Cent
B«eeh Greek See NYC&H
Boiler A Car See Illinois Cen
Bkljra A Montauk
19
*07
96
J
89
......
F-A
M-S
A-O
J-J
93
100%
Since
....
loo
n
....
98% Nov’04
Sec LAN
J-J
A-O
A-O
M-N
J-J
M-N
J-J
20
95
......
101*4
108%
....
92%
91
bale
F -N
F-A
F-A
F-A
M-S
101
104% 1154 102
....
LU4*4 Oct ’06
hi
M-S
Atl Knox A N
Jan’07
lOi
102
102% Sale
9
90% 13 90% 90*4
101% 190 101
102%
90%
191%
101% Sale
Sale
Q-M
Chic A lnd C Ry 1st os.1936
Chicago A Erie See Erie"
line in A Lomsv ref 6s...19
J-J
Refunding gold5s
1947 J-J
Louisv N A A Cb Ist6s.l919 J-J
hue Mil A St P term
g5s 1914 J-J
General g 4s senes A..«1989 J-J
Registered
el989
General g 3 %s senes B.el989
Chic A L Su Div g 5s
1921 j-j
Chic A Mo Riv Div 5s... 1926 j-j
Chic A Pac Div 6s.-.
1910 J-J
Chic A P W 1st g 5s
1921 J-J
Dak A Gt So g 5s
1916 J-J
Far A Sou assu g 6s
1924 J-J
Hast A D Div 1st7s.....1919 J-J
1 st 5s
1919 J-J
1 A D Exten 1st 7s
1908 J-J
LaCrosse A D 1st 5s....1919 J-J
Mineral Point Div os
1910 J-J
So Minn Div 1st 6s
1919 J-J
Southwest Div 1st 6s....1999 J-j!
Wis A Minn Div g5s.... 1921 J-JI
Mil A No 1st M L 6s. ...1919 J-D
1st consol 6s
1913 J -D|
S'.
Atcb T A S Fe—Gen
1937
January 1
M-S
1919 A-O
Nebraska Extension 4s.1927
Regis te red
1927
Southwestern Div 4a.... 1921
Joint bonds See Great North
Debenture 5s
1913
Han A St Jos consol 6s..l911
....
^-e
High No Low High
106% 10 s
125
126%
125
j 25
1 124 % 125
110% Jan M7
110% 1 lu*4
1992 M-S
Sinking fund 4e
....
Last Sale
A.stc Low
lOs
126
125%
110*4 112
102%
J-J
J-J
2d consol g 4s
1989 J-J
Warm Sprvat 1st gos..1941 M-S
Greenbrier By lstgu g 4s ’49 M-N
fine A Alt Rii ref g 3s...1949 A-O
Railway 1st lien 3 %s...l950 J-J
Registered
1959 J-J
Jluc BurlA Q—DenvD 4s 1922 F-A
Illinois Div3tja
1949 J-J
1949 J-J
Registered
Go lit 4s
1949 J-J
Iowa Div sink fund 5s..1919 A-O
96%. 09
93% 94
of $0 to X.
11J
94
Bid
107
-J-J
J-J
M-N
Craig Valley lstg 5a....1949
R A A Div 1st con g 4s.. 1989
111
Max’02
117 S3 J’ne’Ob
..T
101
Jan’07
93*4
*115
J-J
96*4 99%
96% 99%
94% 294 91% 94%
91*8 ! 82 90*8 92%
93
Si)
82% 85%
103S 119 101% 103%
103
99
99 *4 100
Registered.
99*4 96
99% 124
84%
ilu3% Sale
.T.n
t>«
99% Sale
98% Sale
Q-J
Range
or
i2
Range
Feb J
125
A-O
A-O
VJ-N
..1939 V)-N
1992 .VI-8
Registered
-
Foreign doverumeut
vi- X
J-J
Wee/c’s
Friday
ss
Feb 1
Ceu R K A B of C-;i col *r 5s 1 937
Cent of N J cen’l gold 5s.1987
Registered
J; 1987
Am Dock A Imp gn 5s..1921
Le A kind R gen crag 5s 1920
Leh A Wilks B Coal 5s..1912
Con ext guar 4S»a.
<71010
N Y A Long Br-gen g4» 1941
Cent Pacific
See So Paoihc Co
Chas A Sav See Atl Ouaat Line
dies A Ohio g 6a ser A..hi908
GoldCe
al911
1st consol g 5s.
1939
100% 100%
100% 100%
Jan’01
Price-
High.
i 02%
104% Oct
101 Si 100% Jan '07
10 1*-. 100%
129 % 129
N. Y. STOCK EXCHANGE
Ivow
4
*8
BONDS
Since
j
129*2 129% Jan’07
104*4 105% 105 % Oct ’06
111
109S2
May’UU
D-F
Q-N
Alabama curr fund 4s
l>ist of Columbia 3M5«
PAGES
Rmeqt
January 1
jittk Sow
Hit7/1
106
104
Nov’Ot
106
-Sale
Sain 10‘J Si
103
107
j’ue’UL
105
105
103
102 Si
; q-jJ
U S 4s
I’OL'Ii
M9
hDue J’ly
/fcDue Aug
109
85
108
108
Jan ’07
110% 111% 110% 110%
113
115
113% Jan ’07
113% 114
113% Dec’06
89
Sale
89
88%
114% 114% Jan ’07
....
*84
108
84
84
......
......
......
......
-i.
107
89% Sale
LOO
......
......
84 Si
82
85
oDne Oot
Jan M7
82% Jan ’07
86% Nov’Ob
99
Dec’97
p
Due Not
85
113%113%
10
88%
'89*'
112*4 114%
......
93% J’ly M)6
109
J’ly M6
107% Feb’06
90% Sep M6
103% Oct Mb
110% Nov’Ob
80%
91%
108*4
11** Si 113
28
89*4
100
82%
94
100
83%
Feb. 2
Record
New York Bond
1#0T.]
259
-Page 2
<
N. Y. STUCK EXCHANGE
Wb.KK Ending fkb 1
One St D Ss
Pitt*
See
PeimCo
130%
Sale
131
Ohio St P M A O con 6s...1930
Cons 6s reduced to 3%s.l930
Ch St P 6b Minn 1st,g6s 1913
Nor Wisconsin 1st 6s...1930
St P & S City 1st g 6s...1919
Chicago Ter Trans g 4s... 1947
Coupon off'
Chic
Wwt I nd gen g 6s q 1932
131
129% 131
....
119% 119%
...
....
-•
'
88
Aug’06
83
83
98*4
98 Hi.
'94
......
99
98%
108%
118%
......
Jan ’07
98
100% Dec’06
97
Jan ’07
99% KeW’05
98
Sep ’96
Jan’04
105
99% Dee’00
99%
99%
113 % J’ne’OO
118% Jan’07
131% Jan ’07
131%
102
101
Jan’07
99%
S3
83
1
Jan ’07
101
101% 101
Registered
kl936
Cm S A Cl con 1st g 5s. .1928
CC C A 1 oonsolTs.
1914
Consol sink fund 7s. ...1914
General consol gold 6s.1934
99%
99%
98
98
97” 97'
O lnd
J-J
W
Del Laok A Western 7s... 1907
Morris A Essex 1st 7s. ..1914
Nov’Ol
94%
70
94%
71
113% Jan
’07
112
116% Jan
’05
J-J
F-A
Col A Hock Val See Hock Vai
Col A Toi See Hock Val
Col Coun A Term See N A
Conn ito Pas Riva 1st g 48.1943
I xak A Gt So See CM A St P
.I/alias A Waco See M K A T
104 %
94% 96
feale
70
113
7 2%.Sale
72%
7-1
93% Sale
93
9*
ii8%ii8%
.”*
131%
i31%
70
72%
M-N
110
A-O
1917 M-S
1916 J-D
1946
▲lb A feus conv 3%s
Kens A Saratoga 1st 7a. 1921
Del Riv lUi Bridge See PaRR
DenvA R Gr 1st con g48.1936
Consol gold 4%s
1936
127
104% Sale
109
*
102
Feb’03
133
Feb’06
149
Aug%)l
105% 383 104% 109 %
104%
106
110
106
Jan’07
133% Dec’06
133%
J -J
97% 96%
96%
102% 105% 102% Jan ’07
4
95
Dec *06
Jan *02
io
Improvement gold 6s...1928 J-D
Rio Gr West 1st g 4s
1939 J-J
Mge and col trust 4sA. 1949 A-O
Utah Cent lstgu g4s al917
Rio Gr So gu See Rio Gr So
Des Moi A Ft D
See M A St
Des 51 A Minn See Ch & N W
Des Mol Un Ry 1st g 5s..
Det A Mack 1st lien g 4s. 1995
Gold 48
..>..1995
94%
Sale
88
96
88
97
A-O
96% 97%
102% 102%
104% 104%
93% 96
Detroit Southern
Ohio Sou Div 1st g 4s...1941
D.ui A Iron Range 1st 6s.. 1937
M-S
A-O
1937 A-O
1916 J-J
Dul Short Dine see Nor Pac
UolSo Shore A Ati g 5a..1937
IJastof Minn see St P M A 51
-Clast Ten Va A Ga See So By
Elgin Jol A Bast 1st g
92
J-D
6s.1941
M-N
M-N.
1919 M-S|
1923 M-S
1920 A-O
1928 J-D
116
115%
109%.
105%
110
99
J-J
86'
A-O
96% Sale
J-J “88%
F-A
114%
118
111%
1940 F-A
M-N
$5,000 each...1943 M-N
Regis
100%,
lOl%NoT’0t>
129 J’ly’04
118
Scp’Oe
109% Oct’05
!21%Dec’U6
116% Dec’06
100% Dec’06
103
Jan'07
107%
106%
General gold 6a
A-O
J-D
J-J
110** 112
104%
104% Oct ’06
108
110
116
1950
See DAN
IAP
Ry
Keok A DeaMo See C R
Knoxville A Ohio See So
*87%
100%
117%
122
90
il9%
129% 129%
8
35
97
llo
103
103
Erie 5s
A W 1st g 6s.. 1937
Lake
2d gold
1941
1
104% 105
1
115
115%
10
09
99%
71%
25
Registered
Lehigh Val (Pa) cons
Deh V Ter Ry 1st gu
1940
g4s.2003
g 5s. 1941
1941
Leh A Hud R See Cent of N
Leh A Wilkesb see Cent of N
Unified gold 4s
Debenture gold
1923
Ed El 111 Bku Nee K Co E DAP
Ed Dili See NYGAKRHAP
Eq G RN Y 1st cou g 5s..1932
Gas A Elec Berg Co c g 58.1949
Gen Electric deb c 3%s..l942
Gr Rap G D Co let g 5s. ..1915
Hudson Co Gas 1st g 5s.. 1949
Kan City (Mo) Gas lstg 5s 1922
Kings Co El L A P g 5s...1937
J-J
F-A
M-S
J-D
F-A
F-A
M-N
A-O
A-O
A-O
Purchase money 6a......1997
Kd El II Pan 1st e<tn e4s 1939 J-J
■
No prioe
Friday; latest
66
133
Sale
A-O
A-O
J-J
M-8
M-S
A-O
A-O
109
107 % Jan ’01
112% Nov'05
95
Oct ’06
1J 6
Oct ’Oo
109 % Oct ’99
107% 107%
118
*
*
95%
1949
66
133
"
106%
66
135
111% 112% Apr’OH
96% Jan ’07
113 %
107
101
118
117
93 %
bidand asked this week, o
Nov’06
Mar’06
J-D
M-S
M-S
M-S
M-S
A-O
M-S
Louisiana A Ark 1st g 5s. 1927
Douisv A N&shv gen g 6s.1930
Gold 5s
1937
Unified gold 4s
1940
Nash 1st tr 6s....1919
114
Q-J
M-S
J-D
M-N
J-J
J-J
M-N
A-O
J-D
114
Sale
114
i
114
*98%
i
98 %
6
94
95
98
99 %
"
.!....
98%
98%
Nov’06
99% Oct ’06
95 '
95
110
J’ne’04
114
* *99
102
94
95
107 %
97
90%
103%
102%
110
108%
109
111%
99
Jan'07
102% 102%
102% Jan’07
110% Nov’06
109% Jan’07
109
Nov%)6
J’ne’06
103% 105
Jan’07
115
115%
116% Nov’06
116%
100%
100% Sale 10U%
101% J’ly’06
111 % J’ue’06
107% 109
*
»7 %
97 %
97% 98
110
Dec’06
111%
109% 109%
...»
*
Electric Light
*105
Lac Gas Lof St L let g 6a.«1919 Q-F
Ref and ext 1st g 5s
1934 AO
M-N
91%
Milwaukee Gas DYst 4s.. 1927
103 %
J-D
N YGEBH&Pg 6s...1948
115
10 100
i
97
116%
101
97%
>
F-A
68.1921 M-N
6s. 1949 MS
6s. 1943 A-O
Refunding gold 5s..\
1947 M-S
Ch G-L & (5ke 1st gu g 6s 1937 J-J
Con G Co of Ch lstgu g5s.’36 J-D
M-N
Mu Fuel Gas 1st gu g 6s. 1947
J-D
A El 1st g 5s.. 1949 M-S
Westchester Diaht’g’g 5s. 1950 J-D
Syracuse
Ligliting'lst g 5s.’51
l ronton G
Due Jan b Due Feb dDae Apr e Due
105
105
Jan’07
102% Jan ’07
91% Jan ’07
103%
84%
101
Deo’06
113% J’ne’OO
98% 9«% Dec’06
Nov’05
98
10-4 ~ 103
104% Nov’05
119
i 20 119% 119%
Jan ’07
101
....;. 102
Oct ’06
106
103%
102
Jan ’07
1U2
103% Dec’05
105
82%
Purchase money g 4s...1949 F-A
M-S *1U0%
Ed El HI 1st conv g 5s..1910
1995 J-J
1st consol gold 5s'
NY&QE1 L&P 1st eon g 5sl930
....
Jan’06
105% Jau ’Oo
i
N Y 3b Rich Gas 1st g
Pat i& Pas Gift E con g
Peo Gas & C 1st con g
107% Dec’OO
103% Nov’06
98
Dec’06
103
96%
96%
...
BONDS—Continued on Next Page.
13 106% 106%
1
63% 66
138
29 133
112
Nov’03
61% Oct *01
Dec’06
89% 88
72
70%
Oct 'Oo
3 1 12% 113%
5 107% 107%
107%
J
J
1940
Coll trust gold 6s
1931
5-20-yr col tr deed g 48.1923
101
Dec’08
101% Nov’06
99
98
86%
97%
“
77
79
lo9 % 1 10
113%
113%
107%
107%
Jan'06
117
M-N
1934
5s
Guar ref gold 4s
1949
Bkiyn A Mont lstg6s..1911
E H A
71%
113% Sale
107% feale
North Ohio 1st gu g 6s..1945
L Sho A Mich S See N Y Cent
Deh Val N Ylstgug4%s.l940 J-J
J-J
Registered..
Apr’06
106% 100%
*
io2
104%
104%
6ns nod
A-O
J-J
U.2
Dec’O'.
Nov’98
63
j-j
lstos
1911
N Y £ A M B 1st con g 5s 1935
N Y A R B 1st g 5a
1927
Nor ShB 1st con g guos ol932
Clan and
Buffalo Gas 1st g 5s
1947
Oonsol Gas conv deb 6s.... 1909
Ccnsuiu Gas see P G A C Co
Detroit City Gas g 5s
Det Gas Co oou 1st g 5s...1918
......
107% Dec 0-J
99
Oct ’06
100
115
115
yo
99%
69 w,
79
Jan’07
',9
109
109%
lid
86
85% Nov’06
71% Sale
ti
Oct’06
102%
78%
......
101% Aug'06
Nov’04
103
104% feale
Leroy A Caney Val See Mo P
* 97** *99% Dong Dock See Erie
Long Isl’d—1st cou g 5s./il931
1st consol gold 4s
/il931
*8A% ‘SS*
General gold 4s
1938 M-S
Ferry
gold 4%s
1922 J-D
90% 91%
Gold
4s
1932
»d% 103%
M-S
lUlSU£LlA!SfiO[]S)
Electric Light
Atlanta G D Co 1st g 5s...1947 J-D
M-N
Bktyn U G03 1st cou g 5s.1945
78%
....
122% 121 % Dec’06
119:,4 Mar’04
93% id aj ’04
100
j-j
A.-0
1945
E1CAN 1st pf 6s .....1914
Gold guar 5s
1914
Oct ’06
113%'
......
....
93 % J ’iie’ou
101 '* Uci ’99
Aov’OU
10O
102
Jan’07
91
A-O
Registered
4
90%
91
98% 189
96%
127
Nor’05
104% Feb’06
1 117% 118%
118%
118%
101%
128
....
....
89
M-S
Leh V Coal Co 1st gu g 5s. 1933
Deh ANY 1st guar g 4s..1945
*07
Feb’06
98
99% Oct ’06
85%
86%
90
Oct ’06
Sale
87
102% 102%
89% 91
....
Kai AA AMich
SeeToi
D SAAOC
MS
G R See
Registered
Feb’05
97%
Sale
119
100
118
Terminallst gold 6s...1943
MidRRofN J lstgGs.1910
WilkA Ea lstgu g5s.l942
Sr A lnd 1st con gu g 6s.. 1926
....
183
98
J-J
Long Dock consol g 6s..1936 A-O
Coal A RR 1st cor gu 6s.1922 M-N
Dock A Imp 1st cur 6s.. 1913 J - J
NY A Green D gu g 6s.1946 M-N
N Y Sus A W 1st ref 68.1937 J - J
2d gold 4*as
1937 F-A
1 111%111%
114%NovJ06
129% Jan
1st
J-D
J-J
M-N
A-O
112
103
.
129
M-S
M-S
J-J
Pennoolltr g 4s
...1961
60-year conv 4s A
1963
Buff N Y A Erie 1st7s..1916
Buff A S W gold 6s
1908
Ohio A Erie 1st gold 5s..1982
Jeff KB 1st gu g 6s
al909
92
107% Jan’06
109% Dec’06
108% Aug’Ob
110% Oot ’06
100%
1stoonsol gold 7s
.1920
1st oonsol g fund 7s
1920
Eihe 1st con g 4s prior.. 1996
Registered...
....1996
oonsol gen lien g 4s.. 1996
Registered....
1996
92
....
115
J-J
ElmCort&No See Beh A N Y
lfine 1st ext gold 4s.
1947
2d ext gold 5s
3d ext gold 4%a
4th ext gold 5s
6 th ext gold 4s...
Jan’07
Jan ’07
....
See Erie
Registered
Kentucky Cent
Oct *06
86
88
111%
111% 111%
112% Feb’06
Ill
*100
J-D
J-I)
J-D
J-D
J-D
1951
7 100% 1 o3 %
looi«
an
Oct *06
*
76
KCFtSAM &*»StRASF
KCAMRAB See St DA S F
Kan C A Pacific See M K A T
Kan City Sou 1st gold 3s.. 1950 A-G
Sep ’04
110
92
92
95
M-fe
4s
1931 M-S
I ml Bl A West See C C C A St D
lnd Dec A W 1st g 5s
1936 J-J
let guar gold 5s
1935 J-J
J-J
lnd Ill A la 1st g 4s
1950 M-N
lut A Great Nor lstgds.. 1919
2d gold 5s
1909 M-S
3d gold 48
1921 M-S
J-I)
Iowa Central 1st gold 5s.. 1939
Gold 4s
Jefferson RR
Oct ’04
Dec’Ob
Oct ’01
J
J-D
104%
104
....
89% Jan ’0i
P23
May’O'.'
7*% Apr’06
7 n% J an ’0 /
102 St
*
- J
J-J
F-A
Mempli Div 1st g 4s...1951
L
1917 M-N
J-D
-
......
>9%
St D Sou 1st gu g
A-O
M-N
J-J
......
Aug’oo
May’OH
102% Jan V7
a
1951
1951
Registered
111% 111%
..
....
......
F-A
H-S
126% 121% Sep '06
111% Jan ’o
102% Aug’06
101
102% Aug’Ofc
100'. Sail.
J-J
1951
Registered
Gold 3%s
DS
i*2*i%
F-A
F-A
J-J
Regis lered
1951
Spring Div 1st g 3%s...1951
Western Dines 1st g 4s.. 1951
Bellev A Car 1st 6s
1923
Curb A feliaw 1st g 4s...1932
Chic St D A N O g os...1951
104
70 ~
103
102
100%
100
Iu2
J-J
o
lOo
J’lie’OC
95 % J ’ly ‘Of
99 % J ’ne’OO
100 -a
A-O
.1
98%
96%
94%
94%
193
T
Nov’Ot*
10 1%
! 08
M-N
M-N
J-P
1951
1951
103
109% feep ’06
107%
*
1953
103
loo
9J %
A-O
1952
1952
...1953
111
9S% Nov’06
Dec’On
98%
M-S
1951
5 109%
3 04%
104%
103
A-O
1951
Registered
J’uo’05
127
1923 M-N
Syr Bing ANY 1st 7s..1906
Warrenlst ref gug3%8.2000
Del A Hud 1st Pa Div 7a.1917
104
104
119 % Nov’06
Sep ’06
122
193%
120%
121%
consol guar 7s
1915 J-D
Registered
1915 J-D
1st ref gu g 3 %s
2000 J -D
N Y Lack AW 1st 6s...1921 J-J
Construction 5s
..1923 F-A
2d 6s
1951
Cairo Hndge void 4s
1950
J iOU<svDivATeriu g3 %s. 1953
Mobile Div tog 6s
1921
Omaha Div 1st u' 3s
1951
bt Do ui s Div A term u 3s. 1951
10 104
94%
104%
J-J
J-J
...1951
Gold 3%s
1st
Registered
1951
Registered
Extended 1st g3%s
1st gold 3s sterling
Coil Trust gold 4s
Registered
D N O A Tex gold 4s
A-O
.
102% 103% Dec ’00
CoL A H V 1st oxt g
Col A Tol 1st ex 4s
1955 F-A
See So Pac
11 oust E A W Tex
Houst A Tex Cen See So Pac Co
llinota Central 1st g 4s.. 1951 J-J
J-J
112% 113%
^
_
1
Sale
94 % >ale
•
Regis terett
95
•
....
95%
94%
94%
95
1999 f J
4s.. 1948 a-6
1st gold 3%k
04
_
!
1921 Q-J
Registered.h
Registered
90%
•
.
Jan ’07
103
103
Han A St Jo See CB&Q
99%
Apr’O.
Feb ’01
High.
Low
_
111
110
Greenbrier Ry See Ches A O
Gulf A SI 1st ref A tg5s 61952 J-J
*“
Ptfjfi
Dec ’ut
Deo’Ol
January 1
<
Mo
105
MaFOS
110%
110%
85% 90 Dec’Oo
J-J
J-D
J-J
' al liar ASA
See So Pa
A-O
"^al HA Hof 1882 1st 5s. 1
Georgia A Ala See Sea A I
Ga Car A Nor
See sea A 1
Georgia Pact lie
see so Ky
Gila V G A Nor See So Pa<
Gouv A Os vegat See N Y Cent
Grand Rap A lud See Penn RR
Gray’s Pt Term See St D S W
Gt Nor—C BA Q coll tr4s 1921 J-J
Registered
M-S
Ask Low
117
105 % 107% 106%
114
108
106%
101%
ousatonic See N Y N H A H
Hock Val 1st oonsol g 4 %s. 1999 J-J
10
Last Sale
Fa nge
Since
I'S
^
See Ch M A
lint A Pere M See Pere
JlaC&Penm .See Sea Air
Fort St U D Co 1st g 4%s.l941
-
Registered
1934
Inrt Bl A W 1st pret 48.1940
A W 1st pf 5s...<(1938
Peo A East 1st cou 4s... 1940
Income 4s
1990
Cl Dor A Wh con 1st g 5s.1933
Clev A Marietta Sec Penn RK
Clev <fc Mahon Val g 5s...1938
Clev A Pitts See Penn Co
CoL Midland 1st g 4s
1947
Colorado A Sou 1st g 4s...1929
Colum A Greenv See So Ry
Oct. ’OO
113
107
97
104%
112% 112%
-
104 ^
4a...1940
CIStLAC consol 6s.. 1920
1st gold 4s
tel936
90** **y*9 u,
7'argo A So
Feo 1
114%
A-O
5s.
Week's
Jtange or
Sid
See Penn Co
J-J
Evans ATE 1st cons 6s. 1921
A-O
1st general gold 5*
A-O
5ft Vernon let gold 6s..
Suil Co Branch 1st g
Price
Friday
Erie A Piu*
....
A Col Div 1st
W Val Div 1st g
Registered
10-yr conv deb 4s
Hiq/i
Low
Deo *03
133% Oct *06
129%
129% MAr»04
126
119% Jan’(V7
120%
9914 No*’06
99*4.
*9*9% !*." ! 99*4
112*4
! 112 4 Jan ’07
98% 98*4 Dec’06
1990
g 4s..l940|iI-S
Term A improve 4s
Since
January
High
Jnt'st Period j
j
j
STOCK EXCHANGE
Week Eitoing Feb 1
N. Y.
93
91
Consol 50-year 4s
1952
Clac «fc \V Mica Nee Pere Many
Choc U & Gulf >See 0 K I A P
Cin H & D 2d gold 4%a... 19371J-J
Cm DAI 1st gu g 5a...1941 M-N
C Find & Ft W 1st gu 4s g.’23 *I-N
Cin IAW 1st gu g 4s.19531 J-J
C 1 St L & C /See C C C«fc StL
Cin SAC See C CCStL
Clear Del cl A Mali See B BAP
Clev Oin C A St L gen g 4s 1993
Cairo Div 1st gold 4s.... 1939
Oin W A M Div 1st g 4s .1991
StL Div 1st col tr g 4s.. 1990
Registered
Fanye
Wee/c’s
Ji emj/e or
Last Sal*
ilO.'.D-.
BONDS
*
&ale
83
98%
103 %
101% Sale
103%
84%
110
May'OS
101%
101%
May NDueJTy kDoe Aug oDue Oct
104% 106%
102% 102%
91% 91%
2 102% 103%
18
83% 84%
;::;i
10 119
102
...
.1 102
119%
102 *
102
ioi%ib*2
gDoe Dee jODtlon
New York Bond
260
Record—Continued-Page s
[VOL. LXXXIV
■
HO.N D->
~
>
Range
Friday
Range or
Last Sale
Since
Feb 1
htu
Loui»v A Naehv—(CoeUismedj
L Cin A Lex gold 44*---1991
N O A M 1st gold 6a....1930
NOAM 2d gold 6a
1930
Peusacola Div gold 6a...1920
Div
1st
St L
gold Os
1921
2d gold 3a
1980
Atl Knox A Nor 1 at g 581946
Render Bdge lata f g6s. 1931
A eft Low
107
January
A
Hign
0
Low
High
Mar’05
Dec *00
Mar’Od
1221,
109
127
107*4 Aug’06
1203s
Jan ’07
120
120
129
71*9 Sep ’00
116*4 116 J’ly ’<16
108 Hi Jan ’00
U<5*4 "97 Hi 974 Jan ’o7
103
107 H 108
91
91 Hi Sale
110
114
109
112
N Fla A S 1st gu g 5a...1937
Pena A Atl 1st gu g 6s.. 1921
SAN Ala con gu g 6a.. 1936
8ink fund gold 6a
1910
LA Jeff Bdge Co gug 4s..1945
LNAAOh SeeG I A L
J’ly ’06
914
Dec’00
Jan’07
115*4 Mar’05
107
Dec’05
1094
104 Hi
97
8
Mahon
L S 4s.
A M1990
hatCoalRySet
consol
100
tan
1990
Registered
Metropol EL 1st g 6s.... 1908
MoK’pt A B V See NY Cent
Metropolitan El See Man Ry
id ex Cent oonsol gold 4a.. 1911
1st consol income g 3a.al939
101
104
101 4
ioi»i ‘.III!
2d oonsol income g 3s. .al939
1919
Equip A ooll gold 08
Coll & g 44s 1st Ser....l907
Mex Internet 1st con g 4s.1977
Apr’05
1017b
84
23
17Hi
18 Hi
17*4
17*4
17*9
’
May’OO
i‘0'9" 1V6"
no
93
97
Apr ’00
97 Hi 101
Oct ’06
Nov’01
23
98
98*4
84 Hi
si
87 Hi
103
103 Hi 103
Jan’0
86
Jan ’07
*87*’ Sale 87
87 4
87
86
Jau’o7
104 Hi
104*9105
104*2
92
96
94
Oct ’06
110*a 11 i7b 110H* Jan ’07
107*4 Sale 107*4
i"7*4
106
106
106
103
108'4 Api ’06
107
Jan ’0,
Sale
1195a
97
1*0*6'* io7
119
119=8
104 4105
104
Jan’67
117
113*9
11334
116
Nov’Oo
37
87*2
9la4
107
90
90
123
106 Hi
**9 ib*5
89H»
89*9
96*4
ib*i34 ioi*4
117
117*4
13 1133b 114
86* *88**8
91*4
02*4
*9*3 4 ‘*9*4*
114*2 J’ly ’06
92 Hi Aug’06
Nov’04
....
....
Dec’06
J’ne’06
|
10034
100 k
10034
944
94 4
1
'be
*
i*19*4 Mar’05
ii3*4ii4
1
1134
113*4
11334 Jan ’02
i
103 H.
101
103
100 7b
Oct ’06
1174
124
Feb’Ot
19
103 *-
102=8 103 4
■
j
-
1004
101
(
101
; 994101
1014 J’ue’Oi ...J
1
.
.
1
104
Sep ’Ot,
129 Hi Jan IL
129=8
127
127
984 Sale
96
914
105
35
984
Feb’06
97*4 Dec’06
904
90s
994 Jan *07
101*4 Sale
73
sale
....
99\
90 4
914
99*8
99 4
101 a*.
159 101=3 102*4
102
102
Jan’67
1003! 102
73
33
73 34
73
74*4
1
75
Nov’66
9534 Jan ’07
ibl 4
119
1154
109 4
IOShi 110
St Paul A Dui 1st 5s. ...1931
2d 5s
1917
1st consol gold 4s
1968
Wash Cent 1st g4s
1948
Nor Pac Ter Co 1st g 6s.. 1933
Nor Ry Cal
See So Pac
Nor Wis See C St P M A O
Nor A Mont See N Y Cent
129 4 129 4
109 4 Feb’05
994 100
certilie’s.. 1923
!
!
.
1303^ Feb'Uu
127*4 Oct ’06
98 4
99
100
*
!|
Mar’Od
....ii
10H *4 Nov’Oe
94
91
U634
i
123®, Nov’Ou
J’ly’99
132
113
98 4 Oct ’06
93
May’Ot.
117
Nov’06
1134
1:1
!
t
1
'
_
114
1
116
May’06
1114 113 4 Nov’06
*
e,ra
!
1
1
l
See NYC
O C F A St P See C A N W
Oz’rk A Cher C 1st gu 5s g.1913
♦
98
99
109
100
109
*
101
106
s fuud g4Has..l917
Penn Co—Guar 1st g 4H2*.1921
Registered
115*4 116'-. II6H1
113 H. 114
113 *9
11 538
119*4
110;*4
117*4
J.lsper Branch 1st g Os..1923
McM M W A Al 1st Os.. 1917
T A P Branch 1st Os.... 1917
Nash Elor A Shof See LAN
♦;02i<
Nat of Mex prior lien 448-1926
86 Hi 87 H.
1st consol 4s
1951
N e w HAD See N Y N H A H
N J June UR See N Y Cent
New A Ciu Bilge See PennCo
NO AN E prior lien g Os pi915 A-0
N V Blvln A Man Bell See L 1
93 4 Sale
N Y Cent A 11 Riv g 3 4s.199?
93»
Registered
1997
Deben g 4s
9878 Sale
1934
Lake Shore coll g 3 4s.. .1998
85 *.
84
1998
Registered
Mich Cent coil g 34s--..199S
87 Hi
84
Registered
1998
84V
Beech Creek 1st gu ir 4s. 1930
lOlHi
1930
i'04"IIIIII
2d gu gold 5s
1930
Beech Cr Ext 1 st v 3 'vs b 1951
Cart A Ad 1st gu g 4s... 1981
113
102*4
86*9
Jan *07
J an ’07
Feb’06
Mar’05
116 Hi lloHi
113*4 116
J’ly’04
102*4
87 Hi
102*4 102*4
84*4 87Hi
102
93Hi
93
92*2 Jan ’07
98 7e
99
86 *9
8734
84*4
84 '4
93*4
92*9
98*9
86*9
84*4
86*4
86*,
84*4 Jan ’e7
102
102
‘.’834
92 H?
99
88 Hi
87
87*4
86*4
84»4
Jan’<*7
Mar’04
102
84*4
102
Dec’O ;
109
11
109
109
95
.
100
104
ibo** MM!
*
>~8 4
Apr’02
101*4.Dec’06
.UiSOiilil INEOl’S
BONDS—Continued
on
97*8 1004 1004
*85
83
-J
l-N
L-o
A
A
-D
-D
-J
-J
-
.1
J
-O
-J
-D
-A
-S
......
.
......
......
.....
71^3alt
......
...
....
106
78
944
95 H
105 4
99
95
....
97
994100*8
J’ly’06
it)7 4 bet
’04
.
.
.
102=8 Apr’06
7U34
75 4 398
107 =8 Dec’04
107
May’97
102 4 Get ’03
105 4 Dec’06
....
.
.
.
70*4
76*4
,
94*4
9511
106*2 Jan ’07
105
Jan’07
102
Dec'03
102
Dec’06
963s
76
7
_
4
*
a.
....j
1154
.1
.
107 4
*4
108*4 Aug’03
106*4
984 Dec’O.
96
9234
Jan ;Oi
96*4 Jan ’Oi
98 j4 A pi
'
109*4
..
109 4 Sale
lbb34
’u^
10-4 Oct ’66
109*4
1094
1124 J’ne’u.
11 109 4 109 4
i
“98
Jan ’07
90 4 Dec’O'
89 4
160
Jo
96
92*4
95
i
127=8 Oct ’02
119 “ J’ne’06
119
Apr’0-1
*
103
h
1943
93 k Sale
96
Sale
102 4
104
Dec’O111 H2 Sop ’04
I06
Aug*o;s
93
94
957s
110
**9*i*
964
jan’(»ui
i*0*8** Sep*’0*6
103
!■
62-;
JO.'-!
5
54,100*4
...
::;;i
::::::
Next Page
Am Telep A Tel coll tr 4s 192 J
Comm Cable Co 1st g 4s..2397
MetT A T 1st s t g5s
19Is
i
.Mich. State Telep. 1st 5s. 1924
N Y A N J Tel gen g 5s.. 1920
West Union col tr cur as. 193;Fd and real est g 4 48...1950
Mut Uu Tel s land 6s... 1911
Northw Tel gu f 4 4s g.. 1934
90
90
Jan’07
92
96 4 J’ue’Oo
I09 4 May’05
I Mil ibo 4 101 4 J’ly ’d‘6
105 4 J’xy’03
io2 4 8aie 102 4 102'-.
luo
99 4
1004
106 4 Mar’06
; 90
ro
.
103
“*i ibM‘4 ibs**
5
1U0
1004
924
89*4
J’lv’04
llanntacfcurirtg &: Industrial
Oct ’00
78*2 Jan’0?
963*4
_
^
....
105
73
5
IOO4
-
.
Telegraph and Telephone
-A
A
.
j
...
9434
D R R R A Bge 1st gu 4s g.’36
hr R A 1 ex 1st gu g44s 1941
Oct *02
i
So
*
Convertible g 3 *vn
1915
Convertible g 3 4s
i 912
Alleg Vui gen gu g 4s... 1942
Cl A Mar 1st gu g 44s.. 1935
lb*3** Dec’bti
105
gold 4s
103
J’ly ’06
105 4 107
106 v
106
Deed'd
i
90 4 J’ne’06
.1
90
Oct’66
Jau’oV ....1 95
95 4 95
9*5
h9
Oct ’0*.
90 4 Max ’u
97 4 Jah’07
*97 4 * 9*7
115
Jan ’Oi
115
115
1065s 105'*4
10534
1921
Guar 3*28 coll trust reg.1937
Guar 3 His coll tr ser B.T.1941
Tr Co oertif’s gu g 3*28.1916
Gu 3 H s tr etfa U
1912
G.. 3*vs tr cttsD
1944
Guar 15-25 y ar g 4s
1931
C St LAP 1st con g os.1932
CIA P gen gug4*28ser A.'42
Series B
1942
Series C 3 *28
1948
Series D3H*3
1950
Erie A Pitts gug 3 His B.1946
Senes C
1
1940
N A O Bdge gen gu g 4 4s 1945
P C C A St L gu 4 His A... 1940
Senes B guar
1942
Series C guar
1942
Series 1) 4s guar
1945
Series E 3 Hi guar g.... i 949
Series F’4s guar
1953
Pitta Ft VV A C 1st 7s...1912
7
2d s
1912
h 1912
3d 7 s
Penn RR 1st real est g 4s. 1923
Consol gold 5s
1919
Consol
MUM 1034
Clear: :iii c uai 1st s
is. pj-io
Gouv A Oswe lstgu :■ 5s 1942
Moh A M:u 1st gu g 4s..1991
N J June ti gu 1st4s... 1980
N V A Pti 1st eon gu e 4s 1993
784
94*4 95
106 4 106 4
105 4
105
95
98
Am Cot Oil ext 44s
191.5
Am Hide A L 1st s t g 6s.. 1919
Amer Ice Secur deb g 6s.. 1925
Aru Spirits Mtg 1st g6s.. 1915
Am Thread 1st col tr 4s...1919
Am Tobacco 40-yrg6s. ...1944
4s
1951
No pnee Friday; latest bid and asked. oDueJau ii Due Feb cDue.dar d Dus Apr /iu\w J ’Jy -c Due .vug
....
ibb*4!!!!!. 103*8 Aug’06
Panama 1st
Nt• ash
Chat Agold
St L5s1st 7a. 1913
1st consol
1928
*
984
ac
Morris A Essex See Del L A W
Coal and Iron
Col F A 1 Co gen sf g 5s. .1943
Convertible deb g 5s....1911
Col (J A 1 Dev gu 5s g.. 1909
Cot Fuel Co gen gold 6s. 1919
Gr Riv Coal A C Istg6sl919
Col Indul-stA roil 5s «u..l934
Contm’ial C 1st s f gu 5s g.1952
Jett A Clear C A I 1st g 5s. 1926
2d void 5s
1926,
Kai: A H C A C 1st s t g 5a. 1951
Pleas N’al Coal 1st gs ( 5s. 1928
Solid ty Or. etc t.’o g os
1944
Term Coal ven 5s
1951
Teun Div lstg 6s
ol917
Birm Div 1st consol 6s.. 1917
Cah C 31 Co 1st gn g 6s. 1922
Do Bar C A I Co gu g 6s. 1910
Valron Coal AColst g 5s.1949
Jan’u7
98
1064Nov’0t»
94 4 Dec ’06
94 4 944
944
a2047
Pac of
Co 1st gSee5s Mo Pac
1946
Coast
Missouri
See S P Co
Registered
94
:
103
105
12 102
102*4
l
934 94 4
94
94
24
98
99 4
....
St Paui-Dul Div g 4s
1996
Dnl Short L lstgu 5s.. 1916*
C B A (j coll tr 4s
See Gt Nor
St P A N P gen g 6s. ...1923
Oswego A Rome
1
100»4
112
113
g
12 121*4 123
103’v,
934
104
1997
3s....a2047
General gold 5s
193
Ore A Cal See So Pac Co
Ore RR A Nav See Un Pao
Ore Short Line See Un Pac
165
102
}*334
1014 J’ly
Improvem’t A ext g 6s..1934
New River 1st g 6s
1932
N A W Ry 1st con g 4s. 1996
OInd
A W RR
See 1st
C C C5a.A 1936
St L
I110 River
105
1184 J’ly’06
92
3Has...2000
2000
Registered
13
11558
100
N Y A Greenw Lake See Erie
N Y A Har See H Y C A Hud
N Y Lack AW See D L A W
N Y L E A VV See Erie
N Y A Long Br See Cent of N J
New York New Hav A Hart—
Housatonic R con g os.. 1937 M-N
N H A Derby con cy 5S.1918 M-N
N r A North See N Y C A H
N Y O A W ref lstg 4s..grl992 M-S
Regis $5,000 only
<71992 M-S
N Y A Put See N Y C A H
N Y A R B See Long Island
N Y S A W See Erie
N Y Tex A M See So Pac Co
Nor A South 1st g5s
1941
Norf A West gen g 6s
1931
Registered
High
■
119
193
General lien gold
High No Low
1064
N Y A North 1st g 5s... 1927
R WAOconlstext5s./il922
Oswe A R 2d gu g 5s...el915
R W A O T R 1st gu g 58.1918
Utica A Blk Rivgug4s.1922
N Y Chic A St L 1st g 48.1937
Div’l lstl A gen g4s... 1944
Pocali C A C Joint4s.. 1941
C C A T 1st gu g 5s
1922
Scio V A N E 1st gu g 4s 1989
North Illinois See Chi A N W
North ' duo See L Erie A W
Nor Pac—Prior lien g 4s.. 1997
Since
January 1
102
1940
1961
1952
Star 1st gug 3s. 1989
1996
Bangs
0
125
Registered
J LA S lstg 3Hi8
1st g 3*98
Registered
Range or
Last Sale
125 4 Mar’Od
139
Jan’03
12934
1940
96
uct ’05
98
Dec’06
122 Hi
123
122
Dec’05
93*9 Jan’07
M A O coll 4a
See .Southern
Mohawk A Mai See N I'C&li
Mononucahela liiv See B A O
Mont Cent See St P M A M
Morgan’s La A T
112 4
114
;
1
’?-r
IS
Week's
Ask Low
98*a Sale
1931
Registered
!
105
sale
162
Salt
92 4 94
Mahon C’l RR 1st 5a.. 1934
Pitts McK A Y lstgu 68.1932
2d guar 6s
1934
McKees A B V lstg 6s 1918
Mich Cent lat consol 6a.1909
1931
5a
107H2 Apr’06
115^6 Apr’06
101
Bid
Regis tered
2361
gold 3Has.-.-1997
Registered
1997
Debenture g 4s
1928
Ka A A G R 1st gn c 5e.l938
Bat C A
N Y A Harlem g
j
Feb 1
X Y Cent A H R—(Continued j
Nor A Mont 1st gn g 5s.1916
West Shore 1st 4s gu...2361
Registered
‘*94*9
Mar’05
117
91*4
iib*8
io*8
106 Hi 107*4
106
106*9
101*4 Jan’07
87*4 Sale
9134 sale
1945
Mob J A K C 1st cons g 5s. 1953
Mob A Ohio new gold Os.. 1927
1st extension gold 0a../il927
General gold 4s
1938
Montgom Div 1st g 5a..1947
8t L A Cairo coll g 4s..el930
Guaranteed g4s
1931
i
Feb’Ot
110
*99*4 Mill
Mortgage gold 4s
1044 104*9
1*6=4 Jan ’07
117
Sale
113 Hi 114
9S*b
87
88
104
103
85 Hi 86
29
86*« 81- *8
87
87
Jan’07
99*9io<k
9234
97-*a
ll9=h
Jan ’07
104 Hi 104®*,
107 Hi
102 Hi 106
105
89 H>
94
93
98*4 Sale
il9=e
118*9
L18
113*4 Mar’05
103
2d extended gold 5a. ..1938
St L Ir M A Sgen con g 5al931
Gen oou stamp gt<l g 5s 1931
Unified A ref gold 4a.. 1929
Riv A G Div 1st g 4s..1933
Verdi V I A W 1st g 5s.1920
MobABirm prior hong 5a 1945
27*4
21
OO^J’ly’Ol
no
93
SYiday
Registered
137
J’ne’05
111 *8 Oct ’05
118
Jan’07
94
28
92
Registered
al917
1st coll gold 5s
1920
40-vear eold loan 4a
1945
3d 7a extd at 4%
1938
Cent Br Ry lat gu g 4s.1919
Leroy A C V A List g 6s 1920
Pac K of Mo 1st ex g 4a. 1938
86
100 Hi Dec’06
iio** Sal'i
’
iub*4 iof V
33
85 k
24
i’15" IIIII
Minn On (Se« StPM&Jl
Mo Kan A Tex 1st g 4a...1990
2d gold 4a
</x990
lat ext gold 5s
1944
2004
let A refund 4a
Gen a t 44s
1930
St L Dir lat ref g 4a
2001
Dal A Wa 1st gu g 5s... 1940
Kan C A Pac 1st g 4a... 1990
Mo K A K 1st gu g 5a... 1942
M K A Ok lat gu 5a
1942
M K A T of T 1st gu g 6a. 1942
Slier Sh A So 1st gug 5a.1943
Tex A Okla lat gugoa... 1943
Mo Pacific lstoon gOa ...1920
Trust gold 5s stamped.al917
99Hi 100H
85
23
131
MStPA9SMcong4iutgn’38
M S S M A A 1st g 4 int gn 1920
100 Hi
23
105
N. Y. STOCK EXCHANGE
Week Ending Feb 1
Registered
85*9
90 Hi
Price
4s
85
22
102
Mex North 1st gold 6s. ...1910
Mich Cent See N Y Cent
Mid of N J See Erie
MU L 8 A W See Chic A N W
MU A North See Ch M A St P
Minn A St L 1st gold 7s..1927
lows Ex 1st gold 7a
1909
Pacific Ex 1st gold 6a. ..1921
South West Ex latg 7a.1910
1st oonsol gold 5s
1934
1st and refund gold 4s..1949
lies M A Ft D 1st gu 4a...’36
Minn A St Lira S«BCB&>’
112
May’06,
100*9
BONDS
Lake Shore
72 *2
Kentucky Cent gold 4a.. 1987
LAN A M A M let g44» 1945
LA N-South M Joint48.1952
an
Week's
i
N. Y. STOCK EXCHANGE
VVb.SK EXDIKft FKB 1
Price
o
92 4
89
87
90
92
89 4
88
101*4
90=8
10134
1U9 *4 Sale
76 4 Sale
109
bueuct
g
9034
76 *4
92
13
91
89 4
6
89
88
4
38
89
302
24 101 *4 102
1
90 k
90
99*4
1104 372 1087» 1104
79 k 193
76
794
Due Nov q Duo Deo a Option SaIo
Feb. 2
hhiMls
BONUS*
o»
STOCK EXCHANGE
Week Ending feb 1
M. Y.
r
-Z '
V.
I
S
I
U.NJ EH A Can gen 4S.1944
Pensacola A Atl See L & Nash
Poo & East bet C C C & St L
Peo <fc Pek Un 1st g 6s
1921
/’Titian
Ieb I'
bag Tus A
118
116
bo
115
115
lOi^
Oct ’01
LU7 V
Noy’OO
A-O
114 V
120
98
Mar’06
J’ly’97
116
98 C
loo V
May’On
98 V
J’ne’OiS
Od-Si
9C;V
1997
1997
4s... 1951
10834
4s g.HGS
4s...1949
98
......
......
96 v
J-J
J-J
J-J
J-J
98V
96
96 V
1
Virginia
....
Series
.n,#tt
10
X’
See Wabasu
See T KK A of St L
San Francisco—
General gold 6s
1931
Genera, gold 5s
1931
St L A b F Kit cons ft 4s..’96
Southw Div 1st g 5s..194 7
Refunding ft 4s
i 9.* 1 j j
6-yeui ftoiu notes 4 hi.. 190©! j
tv C Ft b A M euu ft 6s..l92v! ,/j
K C Ft b A .M hv ret ft 4s 193** \
K Cil; 5! Kiv it i3l ftli 5s. 1921'! \
bt L M A bo East gu 4 Vgl909* j
St. l.oiiis bo
See iuiiiois cent j
8t L b W 1st k as oil ells. lOGl't •]
2d ft 4s me boud ctt.s...pl9©9 .j
Consul gold- -*s
1932 j
Gray’s ItTer 1st gu g 5s 1947 j
bt i’.rui A Dill
See Xor Pacme|
St Paul M A Mat! 2d 6s...1903; a
1st Coust . gold 6s.
19311* j
195.'! j
Registered.
X
ill)
llO
Jau ’*)7
9Z*k. 93
1 "2 *4 Atift'05
81
Registered
"IV
bale
1
Jan ’O
1 : i»
bale
82*4
82
82V
81V
1
La Div B L 1st g os
195l|
W Mm W A X W 1st gli os ’30
Tol A O C 1st g 5s
1935
Western Div 1st ft 5s...1935
119
,119
1
4
91V
8UV
77
101
bale
105*4
l ;io ’j
106 V
107
101
19571 J
1937! J
i’l* 7
105’v J an '07
.1 a n ’ O 7
131
13 4
l 08 l4
i
I
121*’
1 108
Jau V7
Dec’06
100*4 Get ’0
106 'fe
100
106*8 106 V
....
....
......
Muy’05
Oct’06
Aug 06
il6
1 i 5 V Dec ’U6
::::
1
....
4s ...1950
A-O
M-N
.M-S
J-J
Coll tr refund g 5s
1911
All-Bum 30-yrlst g 4s.el933
CAr Cent 1st con g 4s...1949
Flu Cen A Pen 1st g os.191b
1st land gr ext g 5s ...193b
1343
Coumji gold 5»
Ga A Ala Ry 1st con 5sol945
Ga Cal A Xo 1st gu ft 5s 1929
Scab A itoh 1st 5s
1926
Bher bin A bo See M K & T
8il bn-oca A G See Atl Coast I.
Soil Bay A bo 1st g os
1924 J -J
So Ctu A un See boulhern
So Pac Co—HR 1st ret 4s. 1955 J-J
Gold 4« (Cent Pac coil)./tl949 J-D
Registered
/tl 94 9 J-D
J-J
A A X W 1st gu ft 58....1941
1949 F-A
1949 F-A
Mori guar gold 3 Vs..4:1929 J-D
Through' bl L 1st gu 4s ’54 A-O
F-A
Gal Har & S A 1st g 6s..1910,
1st ret gu g 4s
Registered
Cent Pac
Alex A Pac Istgos....1931
Gila Y G A X' lstgu g5s. 1924
Hons L A W T 1st g 68.1933
1st guar 5s red
1935
H. A Tc 1st g 5s intftu.,1937
Consoi g 6s int guar...1912
Gen eoal 4s tut guar..1921
Waco A X W div 1st e6s’30
M-N
M-N
M-N
Vi-N
J-J
A-O
A-O,
Steel 1st ext sf 5s.. 1926, J-J
20-year g 5s. 1925! A-O
Ceut iMiitnei
4S.195LF-A
os.’27 A-O
6s.1918* F-A
J
’13, J-J
Consoi Ttoukoco ;7U-yr g
Distil bee (.lor conv 1st g
lut Paper Co 1st con g
Consoi coin* s 1 g 5s
1935, J lut bl i ump 10-yr conv. 6s
Kntcker Ice (Chic) i st g 5s.’2a(A-O
Lackaw i-leel 1st g 5s
Xatbtui eh M lg Co 1st g 6s
Xat Stai eii Co s i deb 5s..
Repub 1 A S 1st A
1923, A-O
1920i.*-N
,J
1 926
coltr 5s. 1934
AO
.<71963
■U-N
M-N
A-O
1) b Leatn Co stuebft6s..l913
U 8 Beau y A 1 conv deb g 5s ’24
U S Stoe. ■ orp— ( coup
bl 10-6o yr 5s. ( reg ..<71963
Va-Car Chem col ir 6s ir.,1912
Westinghouse E A M
Xu
-
M-N
J-J
87
J
J
87
81 V
1)1
109 V
A
J
8'.'
89 V
82
68
1 lO
Mai’Oi.
106'
115
j 11
102 V
97
8 •
4" 1
97
89
.8 7
8 L
82
J >ec ’o
9
94-h
bale
j.
*
82
Aug’ob
J’ne’06
102 V
Deb ut
bep’06
9o
10IV 102
loOV101V
10
97 V 99 V
7 123
126
1 1 12 V 113 V
93 V 94V
5©
l 2b
3
*.i
105
L10
98
96
101 *4
loo*..
99 V
1
113V
loov
*J9V
123 V
i 13 V
*•
102 V
97
89
87 V
Dec’06
10 1 V
102‘,
led
102 V
bep ’06
123
Hi.
Isov'ill
)
-j
9 i V
116 V
Dec’, i
Alay M4
J an 07
a an 07
u7
.) an
Jan *>7
67
112
......
108 V
117
94
Dec 06
ID
Xuv *<6
113 V
19291J
I90f>| J
1926! J
.
93 V
1 IS
92
161 V Sale
100 V bale
W see Mo P
See boutli Ky
A bouthw’l 1st gu 5s.2005
abasn 1st gold 5s
i959*.vi
VTrgmiu M id
Va
Oct’05
110
gold 5s
1939*
Debenture senes a
1939!
Certificates of deposit
2d
bl
100V 100
88
87 V
06 V
92 V
107V
103V
13
SI C
Sale
81
Mar’06
loo
i
lots
105 *4
Series li
8J
88
4
....
Certificates of
!
109 v
107 V Jau ’07
llo
Jau’05
108
Aug'OG
i07 V
io7-V
....
•
.
94 V
89 V
94 V
947b 67 94 V 94V
89 *e
8JV 43 8sv 8J%
90
Dec’06
109 V Feb’06
98 V
10TS. 15 98*4 100%,
81110
1
99
99
99
519 V 99
86 V 86 Jau’07; SiO 85 V 86
96
yd
Dec’06
105 V 105 *v
i05 V Jan ’07
109
Nov’06
;----.
j
1(*6 i J’ly ’06
108
81110
SaJe
98 V
.
85\
102
....
...
4
102V
1 104
Hoc
.10
111VK
tll*V
94 V
......
Aug’Ol)!
llo j
-1
5
lie’s
‘.'4V
91 >!
116
.
1
Feb’05
Ill
112
92 V 94
3
Dec 06,
.
<11943
A-O
Nov
\V est Xo Car
see Sou in Ky
J -J
vV Va Cent A P 1st g 6s..l9il
A-O
Wheol’gA L E 1st g 6s...1926.
J-J
WLeol Div 1st gold 5s..l92s|J-J
F-A
Exteu A Imp gold 5s...1930
RR 1st consoi 4s..
1949 M-S
J-J
20-year equip s I 5s ...1922
Wilkes A East See Erie
■
j 101
1943
gold 3-4s
Income 5s
Geu
....
109 V
104
105
!
7o*4 salt
8©
1
Wil A bioux F See bt P M
WisCeut oO-vx i st eeu 4s.
7e
...
V
t*> %
Sale
98 V
78
98 %
8 *>
88 V
108V
,
%
1
97 V
76 V
Adams Ex col tr
Ain Dk A Imp 5a
99
7J
89
108 V
92
100
5 b 87
86 V
86'V ©ale
4 107
108 V
104 V
90
2
1*0
90 4 90% 90
100
Jan ’07
100
100
101
97 V Gel ’05
1 100 V 192
1 00 V
10dV :uo ,
82 V
8J
Jan ’07
82
<7
81
J
75
72% Xov’06
h7
7
Jail ’07
95
97 V 97
10a V
105
Jan ’d<
1.-5
ll)5%8
ya
93
5
’94
94
90
03
97
V 99
591
99
98*V
OS'V ‘■•aie
il
99 V
97%, 99 V
9SV
98rV bale
98 *4
9©%
5
98 V
;»8
*98 V
95 V 97 V
97 V 26
96 V
96 V
---
week, a Due Jan b Due
76V
75
7 6 ‘4
7 0 *4
108
108
82 V
81
68
67
114%
1
bale.
82 V
68
81
HI*-.
ti / ‘i
60
I 14**4
93 V
34
115*4
93 V
11 1 V Aug’05
87 v Jan ’u?
102 V Dec’05
87 V
87 V
88 v
221) 87 V
1 4
‘4 Jail ’07
93 V
34
94
102
80
20*4 32 V
Loz
79
8)
’- '9 V
:*3 s,
34
34
106 V An-’O
109V Dec\;6
110
Pee’on
’. 10 V
loo
107*4
88
J-J
88
Sale
1948JM-S
103
8 <
V
89
BON OS—Concluded.
ImCKLLAM KOlIs*
7
79
bale
87
A 51
15)49
114
105 V
105
54
Xov’06
2 J ‘4
34
111V
Jan’«) <
X’ov’O,
85 V >lav on
9*
i.e c’un
< *2
Jan’ >7
97%
67
110
97
^
80
79 *8
i
108
108 V
......
3
loo
i
Jan ’07
< u
72-4 122
70 V
IO L
Dee’On
93
-Vtai 00
7o
1952
....
......
102 V
J
j..
1939 J
deposit
j
1 954
Jau *03
102
1U2V102
F
1941!
t,TT..
r
>4
61 113
Juu’t)7
lit)
113
105
95
112
110
113
1st lieu equip s til g 5s..1921 [M-S
!j j
1st lien 50 yr g term 4s. 1954
j-j
Dot A Ch Ext 1st g us..1941
lies Mom Div 1st g 4s.. 1039 ; J-J
A-O
Oiu Div 1st tr 3Vs
.Vt-S
Tot A Ch Div 1st g 4s..
A-O
bt Chas Bridge 1st g 6s. 1908
J-I>
Wab Pitts Term 1st g 4s. 1 u54
J 1)
2d gold 4s
Warren
see Del Lae A West
Wash Cent See X'or Pac
Wash O A W See Southern
A O
West Mary hind 1st g 4 s...
Geu A Cunv g 4s
1952 A-O
J-J
West X Y A Pa 1st ft 5s.. 1937
....
Aug’uO
A*Ur’o5
104 V
107 V
82%
loov
81
1,1
100
Jan ’07
10234
al 5s ’31! J J
bid and asked this
price Friday; Latest
108
117
i
Miscellaneous
Beth
108*-.
Jan’ol
Jan ’<*7
ijr ’00
Ver Vat lud A
107*4 Dec ’06
106 V
M-N i
liiiUistrm!*
08
! 17
95
ill
V
V
era
M
Hu:iiituctul ing
Xov’04
96
\’ amlalia
consol
4s 4>isl934|
1955j JF
APIs!u gu
Cruz
I
J
loo
10*2 V
J
A
94S 96
109 V 109
117
J
A
106 V
106
Jan 07
F
Gold 5s
U m X J RR A C Co see Pa R R
Utah Central See Rio Gr Wes
U.lali A .North See Un Pacific
Utica A Black R See X i Oent
....
me H2
i0J ‘v
101 V
J
1929
retuud 4s
Registered
Utah A Xor 1st 7s
117-V HI’S
tlS
118*4
—
96
1 gr g 4s
Guar
Dec’06
124
113
115 V
108 V
....
V
117 V
113 V
69 k,
116
113
6S
tiS
Jau’oT
1175« Jau’o(
118
...194 7 J
Registered
19471 J
Ore Ry A Xuv cou g 4s. 19id! J
Ore Short Line lstgds.. 1922 F
1 st consol g 5s
-1946 .1
Un Pac KK A
94 V
“v
112 V 113
113
113
103*" 1*1*2 "
V 105% Ulster A
jlOo
Del 1stg cou
J
refund
4s.. g os 1928
1952 A
*131
131
....
*4| v3
9i K
Jau ’06
J’uc’Ol
J’ue’Oo
j 116 V MayD5
it:
113 V
117
1:7 V
108 V
115
1st
108*4
116 V Apr’Oi
82
79
82
77
....
Dec’06
132 V 133
V
130
1537 J J
1.1957
j 94 V 95
/-
62
't 7 V
77
100 V
t 00 *-4
A
A
j
,j
'<<7
...
Iu8 'V 108
1916 |
*2 Jan
94
General gold 5s
? 935
Kan A M 1st gu g 4s.... 1990
Tol PA W 1st gold 4s. ...1917
i’ol bl li A W pr li*"** g 3 Sis. 1925
50-year gold 4s
1950
Tor Ham A Bull 1st g 4s./rl946
1
'
94
! 116 V 116
Jail’Oi
113
96
92
90
y200uj.\I
j
....
Xov’OO
93 V
95 h
110
20001 J
81 V j82 V
....
1st gua» gold :7s
j
W ill A b F 1st gold os..195.3 j
St P A Ivor Pac
See .sot Pay
St P A b'X City see C St P M A
She Pres A Ph 1st e 5s... 1342 vi-S
S A A A P
Sec tu Pac Jo
S F A X P 1st Sink I ft 53.1919 J J
Sav F A- West
See Atl Coast L
Scioto Viu A X lE See Xor A W
Seaboard Air Line ft
F
6s.. 1914 J
1930 A
.
33
b-
11334
112*4
H3V
tl2h
116
93 h
-
tVI
1953! J
93
93
’ob
bep’06
-
M
M
Geu refund s t g as
bt L M Bge Ter gu g 5s.
See bo Pac Co
Tex A X O
Tex A Pac 1st gold 5s
2d gold inc5s
109-%, 110
....
Xuv’06
98
118 v
82 *4
1953: J
E Minn 1st div 1st g 5s..190.31
Xor 1 >iv 1st gold 4s
194b
Mum Union 1 studs
1922
Alont C 1st gu g Us..
19o7i
llegisterod
>
123 V 123 V
....
111
4his..l95;>j.J
Registered...,
Dakota ext gout 6s
Mout ext 1st gold 4s
Jan’"7
l‘>3*.
123 V
*
103-V i04
118C
118
112
112
1121h
112 *.i Jan ’Oi
109 h
98
Feb’05
87
Jan’o7
106
106 V !lo6
L 12
Oct ’06
U2cy
108 V 1 .ec’Oo
10S
113
Dec’05
109 V
111 V nee’0‘j
110 V
M ay'uO
109
V
1103*
96 V Jau
93 ‘4
’
St L il Hr
St Louis A
lu4as
93
Spok Falls A Xor
St LA Cano See Mob A
61 1. A lion Mount
See M
gold
111 *4 Jan
110
112 h
117 h
113h!
68
i 18
1st g 6s. 1939 J
Slut Isl liy 1st gu g 4 Vs.. 1943 J
See D LA W
byra Bmg A X Y
I 'er A ot bt L 1 st g 4 Vs.. 1939 A
1 1st con gold os
1894-1944 F
Ohio
1
’"’"I 108*
*
1921 rfi
1926
1936
1936
48..1924
104
9 3 l4
115 h
95 h
114
93 h
90
6s...1916 iVt
Guar stamped
W O A W 1st cy gu
West X C Tst con g
s A X Ala
See L A
92 V
91
!
132 V
Mid ser C
1) 4-5s
E 5s
General 5s
104*4
114
1994 J
Series
92V
92
93 V
9734
....
1O6 V Oct ’05
98 V J’ne’06
95
92
91
87
103 V
Jau’07
103 ‘4
113^8 Sale
1994; J
5s
s6
1 o3 V
104k,
101
Alob A Ohio colt tr g 4s.. 193© M
.Mem Div 1st g 4V-5S...1996 J
St ixtuis div 1st g 4s
1951 J
Ala Cen R 1st g 6s
1918 J
Atl A Danv 1st g 4s
194." J
1948 J
2d 4s
Atl A Yad 1st g guar 4s. 1949 A
Col A Greenv 1st 6s
1916 J
E T Va A Ga Div g 5s.. 1930 J
Con 1st gold 5s
1956 M
1938 M
E Ten reor lien g 5s
Ga Midland 1st 3s
194 6 A
Ga Pac Ky 1st g 6s
1922 J
Knox A Ohio 1st g 6s... 1925 .T
Rich A Dan con g 6s
1915 j
Deb os stamped
1927 A
Rich A Meek 1st ft 4s...194b M
So Car A Ga 1st g 5s....l9L> M
....
Mar*05
Dec’05
Jan’05
109
76
89
J-D
J-J
St Law A
Adirou 1st g os. 1996
gulu 6s
1396
Sale
"j
J
J
1943* J
Regist©red
l->0
107 V
.M-N
J-J
J-J
A O
119
M
9s
98
111
Aug’t'6
114 V Dec’04
119
Jau ’06
108 •'V J’ly’05
,
ILl78
TexAXGSabDivlst g6s. 1912 M
J -J
A-O
J-J
Reduced to
5a
X„\’06
Jau’01
98
86^
Jail ’07
113
98
86
86
103
h
103 kj lo3 K
104
V
104
bale
108
F...1912
1912
1937
Stamped
.1905-1937
S Pacof X Mex 1st e 6s..1911
So Pac Coast 1st gu 4s g . 1537
gold os
Southern—1st con g
J-J
A-O
L K C A
6sseries K A
1st gold 6s
1st con guar g
Uxgts,
Low
Sep’06
Xov’OO
100
cl910!j
1
January
A0
HujU
Sh Lotv
127
116
lOt -V
A
otnee
I*
Last sale
123 k,
114
6s...cl909
Con
Sag
Tils
AH1st see
Pere
Marq
t Jo
4s...1947
A Or
1st g
St
1st g
6s
Pacific of Cal—
l8tg
115 V Mar’06
137 " Xov’97
J-J
Sul
Co—(Lonlinuea)\
SoPot Argu
1st guar g
106
Nov’06
106 V Sep ’06
J-D
Rensselaer it bar See D & H
Rich A Dan See South Ky
Rich A Meek see southern
Rio Gr West See Den <fe Kio Gr
Rio (M J unc 1st gu g 5s...1939
Rio gr bo 1st gold 4s
1940
Guaranteed
1940
Eocii A Pitts See B U A P
Rome Wat it ()*r See X i' Cent
Rutiainl 1st con g 44s.... 1941
20
....
Jan’05
100s4 Dec’05
109
Apr’02
115
Jan’07
J -D
Reading
Co gen g 4s
Registered
U^AL Cham 1st gu
Rut-Cauad 1st gu g
.....
......
•©4.
Range
i
s
Range or
sYiaay
ieb 1
Morgan’s l.a A T 1st 7s. 1918 A
1st gold 6s
1920 J
Xo ot Cal 1st gu g 6s
1907} J
Guaranteed gold 5s
1938 A
Ore & Cal 1st guar g 53.1927
S A A A Pass 1st gu g4s.l943
123 V
112V
1931
1922
5s....ol928
1940
1943
1927
coll
'04
110 V Sep
F-A
H 1st gu g 4s.
Southern Pac
Higrx
98 k.
J-D
A-O
VI-N
A-O
Phil J> & W bee Penn RR
Phila «fc Bending cons 7s. 1911
Pine Creek reg guar 6s... 1932
Pitts Cm it bt L, bee Peun Co
Pit ts Clove <fc Tol
See B it O
Pitts Ft W it Cli bee Peuu Co
Pitts J unc 1st gold Os
Pitta it L Erie 2d g
Pitts .McKees <t Y bee Si Y Cen
Pitts »ii ct L E 1st g os...
1st consol gold os
Pitts it West
B& O
Pitts Y <t Ash 1st con 5s.
Jersey Cent
......
1920
1939
5s. 1939
January 1
H ee/c’
Sr ice
-b
i
XT. Y. STOCK EXCHANGE i
Week Ending Feb 1
I
Since
*
....
u
61921
gold 4 Vs
PereMarq—Ch A W M 6s 1921
1
High Ac Low
Atk Low
107 V Oct ’06
......
’Hu
VI- S
2o
Range
Week's
Range or
Last bale
/‘Tice
Peon KK—(Continued)
Phil* Bat A W 1st g 4s.. 1943 M-N
San A .Lewis 1st g 4s. ..1936 J-J
Flint A PM ft 6s..
1st consol gold 5s
Pt Huron biv 1st g
261
New York Bond Record—Concluded—Page 4
1907.]
g4s
XJ
Am bbCoot W Va g 5s
1920 M-N
F-A
B’kl’n FerryCo lstcons g 6s *48
J-J
Chic Jc A 8t Yard col g 5s. 1915
AO
DetAI A 51 Id gr incomes.. 1911
M-N
Hoboken LAI gold 5s...1910
M-N
Mad Sq Garden 1st g 5s.. 1919
M-N
Man Bell HAL gen g 4s..1940
X'ewpXebhip A D D5s<719901 J-J
F-A
X Y l>ock.5U-yr 1st g 4s..1951
M-S
Provident Loan boo 4 Vs.1921
J-J
>t Josepli Stk Yds 1st4 Vs. 1930
bt L Ter Clippies Stat’n A Prop
J-D
Co lstg 4Vs 6-20 year..1917
J-J
S Yuba Wat Co con g 6s..1923
M-S
bp Val Wat Works 1st 6s. 1906
U S Red A Ref 1st s f g 6s. 1931
103 V 102 V Jan’07
bee Cent
Feb <7 Due Apr «Due May
4
♦40
...
.
65
100 *4 J’ne’02
41
Oct’06
108
J’ne’«>5
70
bep’06
60
92
95
Feb’02
95
May’06
lOOVSep ’05
95
....
102
102V
....
....
5
91%,
95
99
”03” '.’.III!
112
J’ly’04
113 V J’ly'00
95
Jan ’07
^DueJ’ne /iDoeJ’ly jpD»«NoT
....
95
* *95"
»Option SaIa
CBIOAG-O STOCK EXCHANGE—Stock
Record—Daily, Weekly and Yearly
mot:Kb—HIGHEST AHD LOWEST SALE PRICES
At onaay
Jan 28
Saturday
Jan 26
1 nesdau
Wednesday
Thursday
Sruiay
Jan 29
Jan 30
Jan 31
Feb 1
EXCHANGE
Rarujc
Range far Year
Sales
of the
Week
Shares
.STOCKS
CHICAGO STOCK
>or iKejioas
Year (1906)
1907
lowest
Highest
’ Highest
Lowest
i'ailrandM
•160
160
ISO
ISO
180
160
*150
180
Oct ’06 Clue
Last Sale!40
looj
City Ry...
”-434
1;
16 4
3814
64 4
‘86 ‘4
'27 4
1140
j
.|Chic.Pa8s Rv
Last .sale.5
Jan’071Chic A (JaK Pane
11HJ|
Last Salello
Jan’07!
Do
pret
IOO;
24
27 4
29
27 4
Chicago Subway
100;
Last •Valid 5 4
Jan’07 Chic Union Tract
100
Last Sale j16’4
Jan’O.,
Do pref
100
63 >, K.uiis City Ky ic El
j 63 V
.IOO
86
86
86 ,
I *85 4
l)o
wet
100;
27
j *26 4
Mctropoi W * Kiev..100;
U3,l4
f)
....
,040
i
....
*iu5
85
1
63
.
'86
! *69
7-»_
v’a le<4U
"24
!
Sale\6d
j
|
86 4
Saie\33
pref
1)0
100,
Jail ’J7 North Chic street
100
25
X Or t h we ste rn E le v.. 100
9)7
Jail
Du
100
pref
86 4 South Sale Elev
HXJ;
Jail’07 srreetHW Stable C ElOUj
99
Do
pret
100;
Jan '07 West Clue street
'97
Sale,27
312
llu
Jan 10
60
Jan 30
•)
7
Jan2J
4 Jan 22
>
,
3..
1001
11
Jan
Jan
8
62
n5
JJy
Jau1:
6
Jan 30' 55
Jau 7 132
Jau 30
8
X •*
12 4
54 4 Jan
•j]
27
26 4 Jan
4
•
46
< ). T
Oct
Mat
J'ly
May
4 Apr
354 No-.
Mav
r
I02
28
Apr
00
6
J’ne
i-
4 r »fl)
4 Mar
68 4 Feh
93 4 Feb
30
J’ne
72 l0 Nov
85
.Mar
28 4 Feb
68 4 Mar
99
J'ne
«)<‘t ;
-j
Jan
7 4 Jan
28 E J an
.7 '
May
.4 J'ly
\
lX
,
Janui
Jau 12
97
1>.T
Dr.-
J
Jan n.'i S •
O r
Jan %Z:i
l *J
Jau 15
65
lo
Jau 4
25
2 r, I,. J an 25
23
04 4 Jan 1 f
6'.*
'Jo
Jau
-J
S '
:o
Jan !:
27
‘98
Jail 21
9 7
Jau30j
69
•
15
‘j
Jan i
(35
87
28
31
4 Jan
6
32
.
Jan *J i
Jau *J i.
O
15
•164 Jan
5 4 •Jan
4
54 Jan
6 4 Jan 25| 194 Jan
s5
i
......
Jan * ’41
Jan 24
Jan 31,
1 5
24
Sep 200
J’ne
Feb
JSt.iccIliuieoun
5 4
5 4
52 4 62Vj
-131
132
128
79 4 794
514 52
131
131
l(j8
*
5.1
54
'
774
103
**3*1
-81
37
11*>
57
*107
*53
110
55
Last
*
•
•1
"6
138
14
6 ^
144
l Ion
1UG°» 10634
122»4 12 3 ^
46
*1
*6
140
45
46'-.
’115 4
106
106 4
128 4 123 4
*46
47
I
I
14
140
47
444
1154
46
Sale\175
May’06jcentralTruat Bank.. 100
444
7e 122 4
45 4
j
82
804* 81
1174 In 4
82
•11641174
82 4
*
*117
*117
*
118
82 4
118
80
79
804
Jan ’01
-
*
82 4
*117
*
*117
llh
Seb4>t.,
U?
J
•55
*94
95
57
94*4
1104 111
58
55 4
94 4
94 4
Dec
Sale 4 4
1114 1114
lll^lll^
'
102
1
*4
74
25 4
13/
102
Jan
102
*
14
77e
26
14
74
25 4
1 'Ht
7 7t
26
14
74
25 4
i
14
14
1
8
25 4
i
30
37.
'
51
......
145
155
-u>
1
Jau 9
1
Jan 9
6
Jan 9
6
Jan
9
140
Jan 29 14s '4 Jan 11
.Jan
5
44 6 Jan 31 50
J an 2 1
1154Jan 2 1 17
a an 21 108
106
Jan 3
119 4 Jau 24 1244Jan 5
Jan 3
444 Feb I 5o
50
15:4 Jan 31
40
2
i
....
1,229
sears Roebuck
com. 100
pret
IOO
1 10 4 Swift A Co
ioo
138
The Quaker Oats Co.iOU
102
Do pref
100
14 Unit’d Box Bd A P CoilH)
IX)
«V
pref
100
27
Western Stone
100
do
...
77
2oo 116
Si
117
Jan
ill
4 Jau 28
......
Jau 4
8»»
Jan
2 1174
Jan 14
84 4
Jan 9H20
Mav
Feb
1
Max
Jan
Feb
Feb
Jan
J an
1
1
Mar
6
Nov
7
165
136
J’ly
63
48 4 Dee
lol
Apr 139
103
5'aJ 118
118
J’ne 147
46
Mayi
14 Ma>
•
'
21
Jan i 1 ’62
J’ne
Jan 17
Dee
.....
bet)
714 Jan
:
°
H
2 4 J an 23
IOO
1 75
!
7<l 7C,
J
100
3-4 Dec
40
Feb
1 13 4 J’ne
61
Feb
av
414 Sep
80
Feb
i-'
Sep
4 Feo
23
Mar
2
May .'. 1
Jan 7 113 4 J an 110
95
Jail 1 1 1 78
Jan
112
-Jan
Jan
Nov
J an
Nov
Nov
136
81
112
11;
\
J’ly’06 People’a Gas E A C’kelOO
)
1
Jan 25 109
Jan 7
30
Jau 2
Jau 2
Feb )
38 4 Feb
1
107
Jau 22 109
Jau11
100
Jail
8
504Jau 7 54
1 l 4
72
130
51
J’ly
115
Feu
128 4 Dee
54
-1 an
.Ian
LOl
17
Feb
36
Jan
lOtj
DCt
Mav
55
60 107
308
285
Jau ’(>7 National Carbon
100!
Jan’07
Do
pref
loo;
.s»rtv’u5 Pago Wo Wire Fence
!
58
94
1284Jau15 1214Jau15
76
Jan
3
80 4 Jan 14
100
Masonic Temple
o*;.14,i«t Chic Brew’g
Sep M»*>j
Do pret
8l4:Natioiuil Biscuit
Do
pref
1
liO
llO-Jg
136 4 L36 4
155
135
102 4 1024
137
102
'
pret
.
:
1
100,
Contr
’04 m anutacturers’ Fuel
45"a,
*’
*934 24 4
110 4 1104
Do
’ne’04; London A Chic
Sale \9
J. a s t Saie
Last Sale
93 4
jcluo Telephone
420
2
4
Jau
\
1064 Chic Title A Trust... 100
123
[Diamond Match
100
414 Illinois Brick
IOO,
Xov’Obi Knickerbocker Ice...100
444
Salt 32
81
784 80S
117 4 1174
Last Sale s4
Last Sale 120
81
118
32
118
11741174 *117
Sale
IOO
D10U|
......
ie'31 4
t sa le\St
L asi >a
AOU
Jan ’07 icinc Brew'* A Malt’g
!
Jan’o7j
Do pref
1
Chic Edison
lfHlj
45 iciuc PneuinatioTool. 100,
*44
.
Jau
44 Jan 25
50
40 129
12
Mar’OOjciueai-o Auditorium
i* lo*>
| 122
L a s
i, a.si
Last
4 5 ;i»
Last
L asi
pref
Do
_
Jan’u7j
Amer Straw Hoard
38
100
LOO;
100
100;
100
Sale 10]
Last Sale 11 7
12i
45 4
108
1,641
1,697
100i
.
4 Booth (A, A Co
Jan’07
Do
j)ref
56
Cal A'Chic Canal A
106 4 lo64
122
45
i American Can
do pref
|1
Amer Radiator
Jan ’o7
Do
pret
77
Amer Slnplddu
Last sale, 10
J. as t Sale l
Last Sale 6
140
140
*140
6 4
122
5
51
o
Last Sale 1*3 4
774 774!
7 7
103
Sa ie 30
78
X**’.!
*
38
°
504 i
i>0 4
1*150
504
131
132
*1264 1284 *1264 1284
•si"!.’!!!
•37
5
50
I >ec
oct
Mar
122 4 Mar
l
■
133
385
8.8*>, J’ly
1
55
Jan 21
;»/
Jan 10
j 50
Aug
93
‘0
May
63 4 Dec
Jun 2'S ! 92'4 X>>\
99
924 Jail 21 96
Sep
2,919 1094Jan 2 113 4 Jan 16: ilOi‘4 Jan 1194 Sep
i
3 134
Jan 24 139
.Jau 23 L15
May i 52 4 Jan
192 101
Jan 2 1024 Jail 161 99 4 Dec 1064 Feb
935
1
Jan 2
14 Jan 81'
4 1 >ec
24 Jan
6
Jan
2
1,944
5 4'Dec
17 4 Jau
84 Jan ?!
I80 25 4 Jan 18 264 Jan
28
Dec
42
Mar
24j
Minin#
Last
Last
Last
Last
Last
Last
Last
Last
Sa11 57g
Sal/\36*j
Mar’06 Adventure Con
.Mar’06 Allouez
25
25
Sale\32 4
sale'io
Jan’07 Bingham Con Mining
No 1 ’06 Black Mountain
50
32 4 Jan
Salet194
Jan’o'/lDaiy-West:
20
184 Jan
saie'\4
sale 65*4
Nov’oO Hubbard-ELliott
Feb’dO No Butte
Sale|?7H
J’ne’Oti’shannon
Chicago Bond Record
BOND*
Wkkk
Endlnu
^ 2
Jrice
Week’s
Range or
/ eJ
Bid
......
j-j
Chic Board of Trade 4s
Chic Consol Br A Allt6s
.
81* 4
Sale
......
......
......
High
ioi^ ioi4
....
....
loi
101
....
Nov’04
1
6
_
V
26
......
...
......
with extra
IjJ, 06 for State institutions
\low
1
" 814i *2 **7*7" s*i®8
M-S
Apr’04
M-S
102
J D t
90
Dec’06
88
M-N
98
Jan’07
A-O
99 4 Nov’06
J-J
92
s'2
$92
Sale
Feb
16 .May’05
F A
$90^8
904
904
J-J
$634 Sale
834
84 ‘4
J-J
90
Dec’06
J-J
A-O
*79 Aug’06
M-N
75
77
77
Dec’06
M-S
90 4 Sale
90 4
90 4
M-N
92 4 97
92 4
92 4
J -D
100 4 Mar’06
M-S
97
97
Dec’06
M-N
98
99
Oct ’06
M-N
99
99 4 Sep’06
A-O
118
Nov’06
M-S
D)2
102 4 Jan ’07
104 4
J-J
1044
1044
J-D
102
102
Jan’07
M-N
103 4 Feb’i’6
J-J
10U
Sale
89 4
100
J "J
102 4 102
102
A-O t
99 4 99
Jan ’07
M-N
114
Nov’04
Sale
73
$ 73
75
M-N
95
95
DCC’OG
F-A
*>8 4 Sep ’05
J-D
72 4 Dec ’06
M-N
72
72
Jun’07
J-J
87
Dec’06
A-O
......
.
Chicago bo
payments Q-F.
*
19
10
....
to all
3
4
32 4 Jan
3
20
24j
53t Mai
364 Mar
29 :, J
ne
64 Feb
364 -Mar
4 14 Feb
1 1 La
\|qr
Jan 22,
15
JO
1
Outstand¬
NAME
ing
1907
....
....
Feb’06
814
7 9
80
102 4 102
t be added
and Nov.
|
......
*8*7*
M-N
Cldc Gas EtAC 1st 5s..1937
Consumera’ Gas 1st os.. 1936
Mutual Fuel Gas 1st os.1947
South Side Kiev 4 4s
1924
Swift A Co 1st g 5s
1914
Union £1 (Loop) 5s
1945
Union Pacific oonv 4h
1911
United Box Board 6s
West Chic 8t 1st 5s
1928
Tunnel 1st os
1909
Debent 6s
1914
Consol g 5s
1936
West Div City Ry 4 4s. .1932
WestTn Stone Co 5s
1909
Ra >1 ge
'gear
! for
98
j-j
People's Gas EAC 1st 6s. 1943
1947
Refunding g 5s
0.
....
......
A-O
i A-O
Metr W Side El 1st 4s....
Extension g 48
1938
North Chic St 1st 5s
1909
1st 5s
1916
Refunding g 4 4s
1931
No Chic City Ry 4 4s ...1927
North West’ll Ei 1st4s... 1911
Ogden Gas 5s
1945
Fearsons-Taft 5s
2...1916
4-4 Os
4-60s Series E
4-808 Series F
......
101
Alar’06
103
Apr’64
57
Dec’06
100 4 Nov’06
100 4 101
Jan’07
100
I 964 Jan '06
.....
loo
93
|F-A
1925
High A
.
1014 Jan’07
A-O
Income 5s
.....
j-j $ 1014)
J-D
J -J
J -D
too
J-J
Kans City Ry A Et Co 5s. 1913
....
99 4 May’UO
......
Chic Dock Co 1st 4s
Loiv
4?
sale
99 -a
.
...
ASK
E
1
!f-a
Last
2.
i
:::::: ;*;;:;
34
J’ly
4
6
l-’eb
77p J’ne
a8 < >Ct
Chicago Banks and Trust ComDanies
firiaai)
fkb 1
.
......
102
1024
98
98 4
90
934
S toe hi
Bankers National
Calumet National......
i
25
3
13
Profitst
Jn
hi
1905
I9b6
+2,00U.UU0#1.217.87-1
Drexel Slate
Drovers Dep National
Englewood State
Federal National
First National
First Nat Englewood..
Foreman Bros B’k’g Co
Fort Dearborn Nat....
Hamilton National
Hibernian B’k’g Ass’n
200,000 j
600.000:
200,000;
3
500,000'
$/6,95 Began
8,0U0,00U$6,. 87,3 13 ||12
Hr
100,000
135,603
500,000!
Pnv
642,324
500,000
1,000,000
5171,371
x,055,77e
86,388
Kaapar state Bank
200,000
.donroo National
200,000
250,000
Mutual Bank
Nat Bank of Republic.
National Live Stock...
North Side State Sav..
Oakland National
Prairie National
Prairie State
Pullman Loan A Sav..
329,081
29,801
§360,145
$22,097
77,421
2,000,000 §l,lf*o,471
1,000,000 i 1,300,360
90
90 7g
50,000
8.44J
834 85
100,000
30,365
250,000
$66,696
c500,000
$67,673
300,000
213,587
Railway Exchange
250,000
3,54
90 4 904 South Chicago Savings
200,000
08,730
92
State Bank of Chicago.
92 4
1,000,000
§964,483
Stock Yards Savings
250,000
147,573
Union Bank of Chicago
200,000
34,436
Union Stock Yds Stale
200.000
43,391
Amer Trust & Savgs..
3,000,000 2,374,525
Central Trust Co of III 2,000,000 ,$949,113
IO24IO24 Chicago Sav Bk A Tr.. n 500,000
n 86,307
104 4104-4
Colonial Trust A Sav..
600,000
$ 538,098
102
102
Drovers Trust A Sav..
200,000
$69,561
First Trust A Savinga:/c2,000,000
$714,520
994 1004 Illinois Trust A Sav.. 4.500000 $7,122,045
102
102 4 Kenwood Tr A Savings
200,000
33,766
99
99
Lake View Tr A Sav..
200,000
22,167
Alerclmnts’ E’n&Tr C# 3,000,000 3,982,436
724 76
Metropolitan Tr A Sav
760,000
319,124
Northern Trnst Co Bk 1,500,000
1,723,236
I’eoples Trust A Sav..
200,000
50,609
Royal Trust Co
500,000
514,336
70
76 4 Stockmen's TrA Sav..
200,000
8,673
Union Trust Co
1,000,000
825,465
Western Trust A Sav.
1,000,000
283,761
W Side Tr A Sav Bk..
200,000
18,55S
Woodlawn TrASavlJk
pries a.
200,000
22,762
Li 1 st Pain.
ton
J J
1
J
I an
-
$2Y,u8d
1,000.000;
Seen r<i.
1
!/<-/'
Q-.J Dec ’06.
100,000
36,363
i
500,000
128,937
Commercial N ational..; 0 2,006,000 52,101,491
Continental National..I 4,000,000 2,581,338
Cook Co State Savings
50,000
4,932
Corn Exchange Nat...' 3',000,000 5 1.300,171
Chicago City
..
...
J/iVid'Ot
Surplus d
busin
J
»ec
Q-J Jau
Q-J |Jan
Q-J Jan
Q-J jJan
Q-J j.J an
Q-J|Jan
Q-JiJau
e.>M
juct
12
iQ-JiJan
10-t-lOjQ-J j.J an
’06,
•07,
’07,
:07,
’07,
’07,
’07.
’07.
’07,
2
6
6
3
2
14
8
14
2
14
16, 1905
’07, 3
’07. 24
Ba 11k
ate
6
6
....
8
-
10
’07. 14
F-A I-eb ’07, 2 4
J Jan
’07, 2
4-J Jan
““
"3
(,+ J
Nov
Jan
Jan
4-J
1 an
^-F
....
6
12+3
i)
12+3
6
6
‘*8*
8
Began
4
8
None
6
6
*
*38
5+5
6
12 + 4
0* J
Jan
.8
G-J Jan
bioin t-ss July
5
G-J Ian
8
G-J I >eo
Began May 1.
None
8
6 4
G-J Jan
G-J Jan
6
8
7
io
6
12+4
1 so 5.
Jan
’06,* *i”
’’'7,
’07,
’07,
’07,
’07,
44
14
3
14
14
’07, 2c
’07. 2
3, 1908
’07. 14
-’06, 14
Jan
Jau
’<>7. 14
’07.
’07. 14
G-J Jan
G-J a an
’07, 24
’07, 14
Q-J
G-J
G-J
T
’07, 3*
’07, 14
lb, 1905.
Jan
aan
....
Grga ni?:ed
12
12
6
8
6
8
*6*
‘*8
Nov
G-J
G-J
G-J
Jau
Dec
Jan
’07.
3
'06, 14
’07, 2
___>t
nd
Q-F N 0 v ’06, 2
IneoT porale <1 Ml aroh. 1905
“e*
Began
....
6+T-1 *-
Q J Jan
buaiu ess sop
6
Q-J! Jan
’07*,* *1*4
5. 1806
’07, 14
5 Includes special dividend of 50% paid Dec. 18, 1906.
t Nov. 12, ’06 for National Banks
no sales were made on tiiisdi^y.
| No prise Friday-; latest pates th*» week.
a Due Dec.
Bid_and asked prices;
Gum
TRANSACTIONS AT THU
5BW TOBK STOCK
YEARLY
DAILY, WEEKLY AND
Stocks
Week ending
Feb 1
$965,000
1,355,000
1,923,000
1.782.500
91,047,200
92,853,160
6.431,811 $548,412,850
Total
York Stock
Exchange
Hero
$9,097,500 $1,056,000
$34,000
January
Feb 1
Week ending
Sales at
2.6*00
1,597,600
1.474.500
97,178,100
104,889.200
1,259,017
103
90
*8
liCentral A soAiner. 100
Cummer Un Tel (N Y).25
Emp A Bay State Tel 100
Franklin
100
•..Gold A Stock
100
S3
135
114
75
45
liO
RiverTeiepulOO
Teleph...lOO
ii3
Hudson
\N Y A X J
1,Northwestern Teteg. 50
116
25
75
*isouthern A Atlantic 25
98
Pacific A Atlantic
1906
BONDS
$34,000
1,056.000
9,037,500
$83,500
2,228,500
17,538,500
6,010,500
46,782,200
13,938,400
94,350,900
$10,187,500
$19,777,500
$52,885,200
$108,659,400
Government bond?
State bonds
RR. and mis. boon
Total bonds...
DAILY
,
TRANSACTIONS AT THE
BOSTON AND i’MIIADELPHIA
Philadelphia
shares
71,962
62,803
63,72y
56,559
66,263
333,114
Total
13,358
13,456
23,OU0
15,070
18,328
18,922
17.500
83,903
$116,000
17,500
26.500
28,647
21.500
30,744
Bond
sales
Unlisted
shares
$15,600
30,000
9,844
9,488
7,818
18.878
14,331
15.879
11,923
22,034
20,644
24,238
$10,000
9,769
37,498
Saturday
Monday
Tuesday
Wednesday..
Thursday
Friday
Listed
shares
Bond
sales
Unlisted
Listed
shares
22,000
37,400
70,800
49,100
$224 300
76,238
138,230
Railways
Street
Bid
CITY
NEW YORK
stk 100
195u ..J-J
1] B’y A 7tli Avo stk .. loo
11‘idmort 6s 1914 ...J-J
Con 5s 1943. See stock
8’way Surt 1st 5s gu 1924
HOent’l Crosst’n stk..100
DlstAi 6s 1922 ...M-N
flCenPkN A ER stk.100
iJChr’t’r A 10th St stk 100
Bleeck St A Ful F
111st mort 4s
"
92
235
104
list
LOO
310
$103
280
111
100
165
Exch
100
»td,.100
25
108
100
370
99
375
F-A
St F’y stk.. 10U
60
102
StN AV..100
116
195
170
Hist mort 6s 1910 ;A1-S
^ild income 6s 1915 J-J
E% bonds.
See Stock
F 5s see St
67
Rapid Tran St By.. 100
106
112
180
195
102
Ninth Avenue stock.100
Second Avenue stocklOO
170
190
<1100
lllst mort 6s 1909 M-N
Consol 5s 1948
F-A Jlio
170
1] Sixth Avenue stock 100
Sou Bouiev 6s 1945..J-J $1UU
So Fer 1st 6a 1919...A-O 4105
See stock
375
IITweuty-Tli’d St stk 100
Union Ry 1st os 1942 F-A i 106
Westcliest 1st 6s ’43 J -J 4100
BROOKLYN
Allan Ave 6s 1909..A-O 4100
Con 5s g 1931
A-O 4106
B B A W E 6s 1933 A-O
218
35
Com vot tr ctfs
100
i09
103
38 E
list
106
104
39
29
72
1i West Chicago St
100
I.Cou g 6s 1936....M-N
Hi
104
102
107
400
106
106
103
*220
list
102
107
list
list
Gas Securities
104
Cent Un Gas 5s g’27.JAJ $101
Con Gas (N Y) stk. Bee St k Exc h lost
Conv deb 6s ctfs SeeSUi Exch list
too
L70
100
New Amsterdam Gas—
1st consol os 1948..J-J $ 97
N Y A East River Gas—
1st 6s 1944.
J-J 3102
J-J $ 98
Consul 5s 1945
38
N Y A Richmond Gas.100
Nor Un 1st 5s 1927.M-N $100
IjStandard Gas com ..100
llPreferred
100
1st 6s 1930
Industrial and .Hiscel
Ahmeek Mining
.-. 25
M-N
80
100
104
100
E
Light A Tract. lOOj *108
Preferred
100 x 96
E
90
93
Bay State Gas
50
Binghamton Gas 5s 1938 3 96
106
103
Brooklyn Union Gas deb
Gr’pt ALorimer St 1st 6s
120
6s 1909 conv ’07...M-S
Kings Co. Elevated—
6
Buifalo City Gas stocklOO
Exch list
1st 4s 1949
See Stock
1st 6s 1947
See Stock Exch
65
75
Nassau Eleo pref
100
Consol Gas of N J—
6s 1944
A-O 106
J-J 3 86
1st 6s 1936
1st 4s 1951
See St k Exc h list
Consumers’ L H A Pow—
104
100
N Wb’g A Flat latex 4
6s 1938
J-D 3102
115
Steinway 1st 6s 1922.J-J 4113
Elizabeth Gas LttX>..100 '276
OTHER CITIES
125
Essex A Hudson Gas 100
Buffalo Street Ry—
45
Fort Wayne 6s 1925..J-J
111
1st consol 6s 1931..F-A 4109
57
Gas A El Bergen Co.. 100
4105
1917
Deb 6s
A.O
Grand Rapids Gas—
list
hicogo
Chicago City Ry
See C
lllst 5s 1915 .
F-A 3102
Columbus (O) St Ry..l00 101** 103
Hudson Co Gas
100 112
Preferred
100 107 E 110
Indiana Nat A HI Gas—
Colam Ry con 5s See Ph ila list
20
1st 6s 1908
M-N
109E
CroBSt’wn 1st 5s’33. J-D 4107
07
67
70
Indianapolis Gas
50
Grand Rapids Ry„...100
3
98
1st g 5s 1952
90
A-O
87
Preferred
100
Jackson Gas 6s g ’37. A-O $ 95
Lake St (Chic) El
See C hicago list
50
Kansas
Preferred
lstaf g6s’19op
City Gaa
11 Laclede Gas
1; Preferred
317e
Lynn A Bos 1st 5s ’24. J -D
IjNew Orl Rys A Lgt. 100
100
1] Preferred
IjGen M g4Es’35
North Cliie Street
$ Buyer pays
See
3134
77‘h
Stk E
See C hicago
100
110
99
“b
100
130
8
list
92
accr’d int. t Price per sh.
1*8
T'e
91 E
93 E
93
12
95
13
20
28
65
7u
1 of>
J7
109
10
200
lmplOO
Houston Oil
2
290
2 SO
100
100
-•••»
•
lot
.M-N $100
10
47
120
Preterred
49
186
100
51
135
68
94 E
i35
...
100
70
50
140
18S
Ex chang
Preferred
50 130
O
Bond A Mtg Guar.... 100
174
Borden’s CondMilk.. Loo
Preferred
luo 107
British Col Copper
5 t - 10 >4
36
Butte Coalition Min.. 15
2
Casein Co of Am com.. 100
75
Pref erred
100
Casualty Co of Amer. 100 1‘JO
Celluloid Co
100
14
Cent Fireworks com. 100
67
Preferred.
100
234
Central Foundry
100
14
Preferred
loo
71
Deb 6s 1919 op '01M-N
Central Leather
See Stk E
Realty
100
103
114
25
72
UO
100
Tool. See Ch
City Investing Co
100
UClallin (H B) oom...,100
lllst preferred
il‘2d preferred
100
100
Colo Industrial. See Stoc
Col A Hock Co&lA 1 pf 100
IjNew York Duck
15
M-N
Preferred
fSale price, a Ex-rights. xEx-div. I New stook.
100
100
25
4 E
6 E
420
icago
100
104
93
93
k Ex
74
13
17
5a*
7
t
t
t
24
97
634
iT
24 E
102
110
190
18
35
45
103
iTO
38
102
iSo
100
4U
190
45
70
81
6E
6 *>4
50
94
63
97
7a
31 E 31 E
51 E
f 51
Exch Ust
♦
V»
3
58
14
68
16
102
99
97E
95
15/
104
260
163
108
280
460
476
7
10
54
16
52
f
50
1st
13
48
120
7
ISO
Preferred
loo
9
Standard Milling Co. 100
25
28
Preferred
luo
1834
77
78
M-N
1st 5s 1930
70
512
515
e list Standard Oil of N J..100
k
Exc
h’gt
Swift A Co See Boston St
U6
iu2 E
1st 5s 1910-1914. ..J.J $102
i.34
47 E
f
46
Tennessee Copper
25
74
180
1i Texas A Pacitio Coai 100
Uo
1st 6s 1908
A-O $105
112
170
180
OE Title Ins Co of N Y..100
36
Tonapah Min (Nevada). 1 t 18 E 19
14
17
TTentouPotteries comlOO
6
90
95
Preferred new
100
85
35
45
Trow Directory new..100
130
1
r*
lu t
* 131 Union Copper.
88
92
Union Typewr com.. 100
16
1st preferred
100 120 123
72
121
‘2d preferred
3
100 119
65
United Bk Note Corp..50 f 62
17
65
Preferred
60 t 52
73
93
95
x list 1jUnitedCigarMfg.,pf. IuO
69 E 70E
U lined Copper
200
100
90
95
Preferred
100
440
U. S. Casualty
loo 225
list
40
U S Envelope com... 100
105
110
1] Pref err ed
loo 100
US Rub 2d pf See Stock Exch list
75
142
Steel Corporations f 5s ’ul opt ’ll.. I111E 112
Coltrsf5s’51not opt.. $112 E
110
U.STit GuA Indem.100
35
10 t 34
10FE, Utah Copper Co
Westchester A Bronx
60
175
ISO
Title A Mort Guar. 100
4
U S
list
Col tx
76
85
15
20
10\
11
76 E
76
*5E
6*4
f
M.g.5s.’3i red.. A.O
*26
Adjust.M. 5s. Apr 1,1031
84 E Standard Coupler comlOO
3E
'
liCruoible Steel
LOo
Mortgage Bond Co... 100
Nat Bank of Cuba
100
National Surety
100
Nevada Cons’d Copper.5 t
IlNew central Coai
20 1
N J Ter Dock A Imp.100
N Y Biscuit 6s 1011.Al-S 1
N V Altge A Security.100
1st g 5s 1917
J-J 3 82
97
Col trOsOot 1956..J-J
55
Consoiid Car Heating 100
3
Cons Ry Ltg&Refng.lOO
6
4
Consol Rubber Tire.. 100
17
13
100
Preferred
37
33
Debenture 4 s 1951 AAO
11
8
Cons Storage Batteryioo
Corn Prod lief See Stock Exoh list
Cramps’ ShAEnBldglOO
j!3*
1i Preferred
li>0
1
JE
4E
6<* N Y Transportation...20
116
125
N iles-Beiu-Poud com. 100
51
t ll7t 12E
190
21 E
84
1i Preferred
loo
UBethl’m Steel Corp .100
11Preferred
100
Century
l-o
io_
150
130
Stk E x list
IjLorillard (P) pref ...100
Alack iy Companies
See
Madison Sq Garden..100
tno
5i*a
138
Chio Pnetnn
129
50
60
100
L10 E IIMauhatt Beach Co. 100
Alanh Bell Hotel A Land.
Preferred
100
99
1[Gen. g. 4e- lo-io...M. N
Manhattan Transit....20
36
Mex Nat Construe.pfloo
75
Mitchell Mining
10
92 E Mouongahela K Coal..50
Preferred
50
4;J*
loo
Cheaebfough Mfg Co 100
100
85
95
100
60
44
77 7h Latay’eGaalst os’24.M-N
30
35
X list LogAWabV lsl6s’25.J-D
Madison Gas 6s 1926. A-O $106E no
list
100
JOE
2
4J*
150
138
’09. J-J
HBarney A Sm Car
_
4107 E 110
30
Her’g-HaU-Mar.uew.lOO
2d 6e 1010
i
102
105
120
108
......
KLouisv St 6sl930..JAJ 411014 1111*
t
10 f
10 t
5s June 1 ’22.J-D
Hecker-Jones-Jew’l Mill
M-s
1st 6s 1022
list
X
......
Writing Paper. 100
1st ext 5s—See Stk
Bliss Company com
107
103
OTHER CITIES
Amer
22 l4
106
100
1;Ontano Silver
Preferred
100
Otis Eievator com....LOU
42
45
Am Graphopho com..luo
Preferred
luo
83
84
Preferred
100
Phoenix Securities
117
Amer Hardware
100 113
Am Ice Securities.... Bee Stk E X ll8t Pittsburg Brewing....50
Preferred
50
103
104 E
Am MaltingOs 1914.J-D
95
100
Pittsburg Coal Bee Stock
Amer Press Assoc’n.100
1
3
Pope Manufacturing.loo
Am Soda Foun com.. 100
1st preferred
42
luo
lst preterred
luo
2d preferred
5
10
loo
2d preferred
....100
Pratt A Wintn prof.. 100
Amer Steel Foundries—
Public
Serv
97 E
Corp of Va—
M 6s 1935
AAO 3 95
Istmg 5s Juiy 1036 opt
American Surety
50 187 >* 192 E
6
Realty
Assoc
iBklyn)lot)
\
4 H*
American Thread pref..5
670
Royal Bak Powd pref. 100
AmTobac (new) cbm loO 355
safety Car Heat A Lt luo
Prefd
Bee Stock Exch list
oeueca Mining
25
list
4s and 6s
Bee Stk Exch
38
42
Singer Mtg Co
loo
Am Typefo’rs com...100
Standard
iuO
98
100
Cordage
Preferred
100
Amer
NEW YORK
1[Mutuai Gas
22 E
lst g
26
70
50 t
American Brass
luo
American Can com... 100
Preferred
100
American Chicle Co.. 100
70
118
100
City con 6s ’31. J-D $ 119
1914 opt A-O $100
See C hicago
(Chic)
10 1
4 rh
\
Hackensack. Water Co —
Kef g 4s 52 op 12...J-J $
Hall Signal Co
100
Havana Tobacco Co.. 100 i
Preferred.
100
iroboken Lan d A
i
51
42
77
80
102
t
GuggeiiheimExplo’n.lUO
132
Alliance itealty
100 125
Allis Chalmers Co lst m
82
SO1*
s f 5s ’36opt’16 wi. J- J $
American Book
.100 165
76
76 >4
1, Preferred
100
Gen 4s 1934....<9«eStk Exch list
Exch
list
Unit By s San Fran <SscStk
40
4034
Wash By A El Co....100
85 E 86 >4
Preferred
100
85
86 J4
4s 1951
J-D
104
100
103
Exch
Exoli
200
76E
106
111
Syracuse Rap Tr 5s 1946 3105
Trent P A H 5s 1943J-D $101
United Rys of StL—
106
Exch list
4102
Tarry W P A M 5s 1928
YkeraStRRos 1946A-U 4100
28th A 29th Sts 1st 6a ’96 4104
Brooklyn City slock... 10
Con 5s See Stock Exeh
Bkln Urosstn 5s 1908.J-J
Bkn Hgts lstSs 1941 A-O
Bkln Q Co A Sub See Stk
Bkiyn Rap Tran See Stk
11 Coney Is. A Bkiyu ..100
1st cons g 4s 1948..J-J
Brk CAN os 1939. J -J
112
173
96
60
75
2d 6s
So Side Ei
list
list
list
list
Securities 100
Metropol Street Ry. 100
Tat
1
Greene Consol Gold...
Greene Gold-Silver....
Hl.C.stk.tr.cfB.ser.A’52
Seaboard Air Line—
Coll tr 5s 1907 op... M-S 3101 V»
Sea board (Jo.... Bee Bait Exch list
$107
•*
100
1i Preferred
Goiit Hill Copper
IjLeliA Wilkesb Coal.50
Lorn A Taylor
loo
1{Railroad Securities Co.-
245
1949
M-N } 69 Hz
So J Gas El A Trac 100 115
Gu g 6s 1953
M-S § 98
No Hud Co Ry 6a’ 14J-J $108
$lo5
t>s
Bit 6s 1924
M-N $101
110
102
385
101
400
70
105
72
k Exc
HMet.ropol
Third Avenue
optional
1st 5s 1921
A-O
J C HobAPatersenlOO
list
Inter boro-Aletropolitan—
clia’ ge
Common. See Stock Ex
Preferred, see stock Ex cha’ge
Exch
4
Lex Av A Pav
1909
40
North J ersey St Ry 100
1st 4s 1948
M-N { 74
76
C jus Trac of N J... 100
lac 5a 1933
J-D $105
New’k Pas Ry 5s ’30J-J $110
73
70
9
Bee Stk
Northen Ore
Preferred
Ask
100
69
M-N i 94
48 g
IjScrip 6s 1914
42d St M A
33
90
228
luo
Exch
ColA 9tli Ave 5s See Stock
Dry D E B A U—
Hist gold 58 1932...J-D
IjScrip 5s 1914 .... If-A
Eighth Avenue slk..lOU
U42d A Gr
30
100
Preferred
Hudson Itealty
Nortn’n Securities Stubs 125
Penn, gu g 4E9o notes
Nov 1 1907
MAN $
Pitts Bess A L E
50 t 32
be found on a preceding page.
Bid
95
68
Preferred
11 General Chemical ..100
71
HartfordCon deb3HiS 1956. JAJ $110
Street Railways
Pub Serv Corp of N J100
Tr ctfs 2% to 696 P®rpet
Coll t rust 6s gold notes
Ask
100
1,5s 1010
97
58
Clue Subway
Ft W A Den Cy
Outside Securities
Outside Market will
Empire Steel
16
■1
4 7
39'
85
NY N H <fc
Weekly Review o>
100
83
102
Prior lien g4H28’3UMAS
Con mtg g 5s 1930.JAJ
Income 5s 1930
Great
A
14
20
1‘referrea
luo
Ferry Companies
IE Ilngersoll-Rami com. 10U
34
Brooklyn Ferry stocklOO
93
103
1l Preferred
.100 125
BA NY 1st 6s 1911.J-J 3100
In ter uat’l Bank ingColOO
67
72
N Y A E R Ferry stk. 100
9
10
lut’n’i .Merc .Marine. 100
78
81
Lst 5s 192*2
M-N
27
28
100
Preferred
107
N Y A Hob eon 6»’46.J-D 3105
75 E 76 E
Col ir-d 4 E’22op’0/A-0
109
HobFy lst 5s 1946 M-N $107
122
lnternat’1 Nickel ...,i00 115
108
N Y A N J 2d 5s 1946.J-J $105
84
88
Preferred
10b
30
10th A 23d 8is Ferry 100
18
20
International Salt.... 100
S'2
lst mort 5s 1919...J-D 3 77
55
62
let g 5. 1051
30
33
A-O
1;Union Ferry stock .100
0
6
International Silver. 10b
90
92
lllst 5s 1920
M-N
50
52 E
Preferred
loo
ids
Railroad
J-D luo
let 68 1048
6«>
70
Lackawanna Steel...lUo
Chic Peo A St L pref.100
20 i 13 E 14
ll4
3E Lanston Monotype
Deposited stock
189
191
3 E Lawyere .Mort insur.100
1*4
Undeposited stock
Week, ending
Feb 1
ItiOl
i O
10
73
lift
120
80
100
75
UnitedEieetrioof N J100
3
70
48 1949
J-D
EXCHANGES
Boston
69
55
Preferred
$370,100
$10,500
100
100
100
Electric Companies
Chicago Edison Co See C hicago U3t
128
1: Kings Co Ei LAP Co 100 125
99
Narragan (Prov) EiCoJU r
70
65
N YA
El L APowColOO
41,602,748
23,961,777
8,976.872
6,431,811
8 looks—N o. shares
$3,803,473,450
$548,412,850 $S35.707,30o $2,053,367,136
Par vaiue
t92,l>OJ
32,900
$o,0 OC
19,700
Bank shares, par..
137,
S3
Preferred
7 8
I5u
7
i3°s
odectric Boat
Electric Vehicle
85
r
6
Ask
103
123
32
4*
$100
1 to Feb 1
1907
1906
1907
*•
Dominion Copper(new)lo
Douglas Copper
!
Hiu
loo
123
6
1iDiamond Match Co.lou
......
35
$
iiMtiiHirmt aim .UiMuei j
ASK
134
91 E
29
69
J-D
EleolOO
Tricar Ac Telephone
IjAmerTeleg A Cable 100
146.500
128.500
214.500
182,000
113,830.600
1,122,436
III .100
M-S
St J osepn Gas 5s 1937. J-J
$30,000
2,000
$51,50#
333,000
Hid
1i Con g 5s 1949
V S
Bonds
State
Bonds
Railroad <Cc
$49,614,600
662,086
1,046.907
1,103,654
1,337,711
Monday
Tuesday...,.
Wednesday
Thursday
Friday
liO A 1 no C Nat A
1st 6s 1926
Pat A Pas Gas A
Bonds
Saturday
KXCHANGI
Par value
Shares
8eniritiet
Newark Gas 6s 1944.Q-J 3131
90
Newark Consol Gas..100
1!Oon g 5s 1948
J-D 105
No Hudson L H A Pow—
A-O 3105
os 1938
Stock Exchanges
Volume of Business at
1»07
263
THE CHRONICLE
1907.]
Feb. 2
Western Ioe
loo
67
69
155
Westingli Air Brake. .50 t
TfWest Eleo A Mfg—
Con sf 6s See Stock Exc
White Knob Min
10
Preferred
Worthing Pump pref.
i;Selis on ss’k hixcti., but not a very active security.
10
100
h. list.
*8
0
115
34
3
120
Yearly
BOSTON STOGK EXCHANGE—Stock Record. Daily. Weekly and
Sliare Price*—Not Per Centum Prices
Monday
Jan 28
Saturday
Jan 26
Tuesday
Wednesday
Thursday
fYiday
Jan 29
Jan 30
Jan 31
Feb 1
264
♦1014 1014 *1004
*99 4100 4
994 loo
*994
997g 101
10178 102
*99 4 100 4
*235
151
152
151
*
230
230
160
160
4 160 4
*99 4 100 4
•300
26 4
!*
118
27
76
‘4
27 4
76
*
*
132
*105
•
*
*
01
160
•
*
133 4
91
_....
133
*105
132
132
Last
Last
Last
If
69
Last
184
Last
133
*
91
Last Sals 18?
Last Sa le 158
Last Sale 280
91
i
184
184 4
19
69
*217g 2 2 4
184
184
198
198
198
19 4
69 4
*224
194
VO4
704
*22 4 23 4
184
184 4
•19 Hi 19 *4
7U
?«•
'22 a. 23 V
1S4
185
70
19
20
69
70
23 4
Last
197
Hi
*
198
•
198
198
19.8
Last
Last
Last
*93
*100
j
*
j
94
105
94
*94
94
*108
109
*93
*93
96 4
101
101
170 4 1714
94
94
-93
96 4
*100
1 «»0
171
172A 173
1734
•914 92 V *91 7# 924
•lUb
Year (1906
Lowest'
Lowert
Highest
*9178
lol
1694 1714
*914 92 4
92 4
170
*94
95
109
94
lo8
964
lui
\
69
Sa le
184
Sale
Sale
198
Sale
sa le
Sale
96 4
lui
Jan 0 7
90
Idee ’06
19S
Jan ’07
19
19
69 4
69 4
Jan ’07
25‘4
184
185
159 4 Jan ’07
'
228
Aug’OO
198
52
56
198
Jan ’07
Jan ’07
Jan ’07
4.5
*93
96 4
101
*100
1704
17041714
Last Sale 91
-
170
96
93 4
1084 1084 *108
/, a st
Last
Last
......
1714
Jan ’07
*165
94
93 4
108
109
Sale 274
Sale 60
sale M7
Li U
94
Fitchburg pref
Ga Ry & "Electric
994 Jan 3(J 1074Jan
99-4 Jan 2 101^Jan
.'an 15 2394 Jan
7
j
Higtcest
Jan 15 152
Jan 7 231
Jan 22 162
Jan .3 165
Jail 10 300
Jan 15
2834
Jan 24 so
27t 150
«;*
230
62*. 159
165
298
25
975
76
.53
5 11"
Jan
2 160
J an i 6 120
864 J’ly 1104 Sep
105 C Jan
Dei 25.4 Fet>
Jan
Aiu 160
Dec 246 4 Apr
r977g Dei
9
2 1230
7 rl4 7
2 •23')
7 jl60
.164
9( >|225
Boston Elevated
10<
Boston & LoweLL
10< (
Boston & Maine.
101
Do
pref
10<
Boston & ProvidencelOC
BosionAWor Elec Co....
Do
prel
Chic June Ry&US Y10(
Do
101
pref
Nov’08 Con & Mont Class 4.. 10(
Nov’03 ConnA Pass RivpreflOt
Jan ’07 Connecticut River... lot
•133
132
Sale no
Sate
Sa le
19
19>
100\ Atch Top A Santa FelO(
Do
1004
pret
10( 1
Boston A Albany.... 10(
231
150
230
162
Jan ’07
Jan ’(>7
27 Hi
Jan ’07
Jan ’07
118
*106
1334
231
235
151
230
'300
*300
27
•105
*
231
231
*147
150
151
*
230
230
102
162
1604 161
'Last Sale ir>r>
Last Sale 300
27
vl
26 4 264
Last Sale 76
78
Last Sale 160
235
151
..
*132
•Range tor /-reviout
1907
Railroads
10234 1034
235 1*235
151 Hi '150
230
23(1
160
it>i
#30(i
26*4
Range /or Year
o>
EXCHANGE
i
•10278 103 J*
100 4, 10U 4
235
15 l
23(1
•ieo
Sales
th s
Week
Share s
STOCKS
BOSTON STOCK
Jau
Jan
Jan
Jan
Jan
Dec 1804 Apr
t)ct
12994 Dec
2 ! 25
Jan
Jan
Jan 23 j 72 4
Jan i7 j 15 6
Jan 2 ! jl 17 hi
‘'an 90
Get 182
J ’ly 127
|l87'‘4 Nov
15 "
8 ,2 -5
i 113 2
95
3
1
Jan bi280
Jan lb Iv55
J Jin
3 Lit)
•-8>
132
110
2;
100
10(
100
Do pref
Maine Central
101
Mass Electric Cos.... 100
Do
pref
10(
Mexican Central
100
N Y N H & Hart
100
Northern N H
10<
Norwich & Wor pref lot/
Old Colonv
*
100
Pere Mare 'ette
10(
Do
prei
10<
Rutland pref
100
Seattle Electric
100
Do
pret
100
Union Pacific
1.00
Do
pref
100
Vermont .it Mass....10(1
West End St
50
Do
pref
50
\\ iseonsiii (Central
1(M)
i'98
Jan
17
ti7
-Jan
l, 1 5 *2 !
54
1 25a«
601 (183
! 159 C
i
110197 4
!
52
56
45
4
!
i
Jan
Jau
108 4
Oct ’06
Do
Oct ’05
pref
100
Jan ’07 Woic Nasii & Roch.,100
Apr
Apr
298
Jan
dan
14>
107
Dec
95
Jiin
Oct
Apr
Mar 209
Jan 23
Jan 20I2004 Jan
v
Jan
3
2534 Jan
Jail
Jau
Jail
Jan
Jau
52
57
-i .i u 2 •
Jan .’4
»•>! 94
4)
1
Jan 15 M7
14 7
190
163
Jan 22 1994 Jan
Jail 22i 160
dan
Jan
.Jan 16
1
Apr
Jan
Jan
Mar
Deo
J’ue
i
17
:
59 4 Jail
75
J’ne
V ! 21Aug 28 4 Deo
2 190 J’iy 207 4 Jan
Feb
8'155
-Sep 163
8 198
Jan 1!
4
2' > 4 J a 11 i ■
4! 714 Jan 9
4 '
Jan 19 i'4
l"i>
Jan
4 103
2,83a i i 69 ’1 •) a ii'20 1824>Jan
92 *4 Jan 14 93
Jan
3 L7o
Jan 30 170
Jan
82
90 4 Jan 18
95
Jan
i09
Jan
84|ltJ7 Jan 8
•
UCl
t >ct
sy
197
175 4 May
314 h> Apr
39 4 Apr
1228
J’ly 233 4 Mar
j 198
210
Jan
5 < 4 < >er,
65
Jan
Oct
64
Jan
Dec
53
16
18 I 50
24
Sep
j 47 4 Nov
2 1 j 65
7 ! 95
7 139 4
. 5 ;
91
20 '17'*
92
2d
7 lo7
25 4
J an
99
Get
Dec 101
Jan
Sep i164 Apr
Muv 21 ;L Get
Feb 150 4 Feb
150
D
Jau
Feb
Jau 106
May 195
Sep
May 99 <] Jan
A pr
Sep ITS
‘
*91
12
311H?
13d 4
•130 Hi
127*0
32A
100 4
*23 4 24
*.'l
12
12 4
30 4 30 4
131
132
1304 j;J04
127 4 1284
*52 Hi 33 H
12 4
31
132
131
12b
32 Hi
100
*23
9 l
12
♦23
*91
12
24
*
124
30*4 304
130-4 130 Hi
130 4 L.Jl
124
4
30 4
1294 180 4
180
128
128 4
128
32
1UU
io04
30
24
151
1284
314
9941004
*30
32
100 4
23
23
91
914
12
124
30
Ml 14
129 >4 1304
130 4 130 4
*22 4
1274 1284
129
32
4
92
12
30 4
150
130 4
24
9V
12
30
131
130
129
314
32
3
iHiscellaiieoiis
Amer Aprricul Cheni.iOO
Do
100
pret
5t4 Amer Piieu Serv
Do
4
pref
50
Amer S near Re tin.... It):;
Do
4
pref
loo
4 Amer Telep & Tele- loo
99
loo
Do
90 4 100
pref
Jan ’07 Boston Land.
Last Salt 4
11 l
*110
<11(7
in
1 9 4 Dominion Iron &■ St
18 4 194 *18 4
8
East Boston Laud.
*8 4
4
84
lit
22 Hi 22 H.
b *.j
9
22.'
•2-5
15 b A 1 5 b V;
65 Hi 05
85
85
•201
203
5
*4
*
*
•
*
tb
•
120
*
.10
173
•10H> H
173
1114 11 14
27 H:
41-!
*378
454
106
-fc
‘77
9
10
172 Hi 173
*104 11
111
112
63
*
80
157 y4
65 Hi
84 4
201
22
27 4
4
64
6
9
*77
80
1104
1104 *110
♦
194
21
*8 4
834
84
227
4 227 4
228
1
lib'S*
lob
4
160 4
64 4 654
054
bl'A 85
84 4
202 4 201420i 4
*4
44
4
56 4
56 4
120 4
120 4
*
83
*
56 4
z87
'120
4
*
10
172
1(24
1U 4 U
111
1114
*21
22
*26
27 4
*
*
4 4
57 4
87
10
178
172
1078
110
*21
*26
104
llu4
22
274
84
84
4
4
106
107
63
63
62
62
284
284
45*4
284
284
44 4
105
105
1064 10G78
Hi
80
m
106
*8
78 4
8 4
8
78
45
43
104
r
227 4 228
64
4
85
201
*4
r.
65
654
Do
202
84
7.»
6
5 4
62 4 03
1111 * 112 4
£> ^
64
112 Hi
13
V
49
49 H
12
13
1 u
16 Hi
32
48 H2
49
ii
i-i-v
5 4
5:>
63
64
LI 14 i 12 4
47
484
5 4
62
2U‘2
....
1 *4
16 H
314
*
.
30
*5
‘28
......
3
2334 24 4
*130
132
304
31H
5
37
8*4
29
*4
1‘4
b ‘4
14 4
20 34
39
14-H
2l
14
f-4‘4
1>
90
i3s
1J4
64
165
31
oo
6 *4
5 Hi
22 4 22 4
14 L
141
49
89 4
734
I'b
53
164
31
3
116
5 4
63-
llo4 1124
46 Hi 48
i80
940
38 4
•50
38 4
38 4
-60
*13=4
91
19 4
24
234
27e
24
130
130
30 4 30 V
27 ^
8 4
5
5-4
5 4
7u
1104 112 4
45
47
14
14
14
14
14
14
164
304
204
67 4
14
18
112 4
2 4
54
165
314
3
117
5 4
224
304
29 4
8 H
16 4
30 4
•70
294
3o
-70
30 4
35 \
1814 1814
940
040
38 4 414
*50
-50
89 U
18 4
20
4
87 4
474
112 4
24
2
2
64
55
165
166
30 4 304
165
30
......
55
2 4
123
120
10
104
54
54
21
22 4
144
1454
......
......
40
38
39 4
37
48
39 4
724
73
714
714
714
714
114
12
644
12
-j
12
654
474
71
8 4
12 J
188 !
24
3 i
484 4b7e
63
47
Hi
704
47 4
714
8
84
12 4 12 4
190
192
24
*46
28
•8
......
16
31
*
30
36
182
95U
40 4
•49
lb 4
304
8
874
14
iio
4
14
*24
244
.
30
5
294
84
14
14 4
20 4
90
l7s
i7a
14
111
*l78
53
65
168
167
32
29 4 32 4
2 4
2 *4
24
123
130
133
10 4
io
104
5 4
6 4
54
21
22
22
150
145
145
Last Sale 22
48
474 4 8
37 4 38 4
364
70
166
......
^
^
Alloue/
AinalKain-ated
--
......
8
-v
r
Feb
J
62
47
70
8
12
188
3
of assess’ tvs called in l .>07.
3
114
62
474
714
4 6
8
12 4
188
8
3
'Bid
a :nl
4
70
4 6-..
72
8
12
187
2
1 l J4
63 4
12'4
4
187
3
12
63
46 4
71 4
8 *8
12 4
190
asked pr.ees; ti
3
»
Jan 7 325
Jan 2 . i 15 7.
J an 1. 11 41
84 h
Jan 1 5
Jan 2"; 199
3
J an J 9.
2 7
Jau-. 5
89
Jail 1.
Jau 7 i 2 i
!
4
0
■
25
25
1
Copperlot)
sin.
Anaconda
Arcadian
Arnold
2o
25
25
25
Atlantic
_o
Do
pro!
llt*4
a 4 Elm River
25 4 Fraukon
.
.
......
-1 a 11 0 1 j
Jan lb;
-.in
24'
Jan
7i
-m u 3 11
aau3u!
■
4]
•49
J;u)
Jan 2
J an i
2
.
82
-
i
79
Jan
.s’o\
Nov
75
Nov
8
Jau »•Jan iT
J ill] I ^
54 Sep
.
69
Nov
90 • 1 N ov
4 l
Apr
11 ■ 1; J ,m
2t)
•
1 1
1-9
23
27
•>
4 X ov
lief
ijt-p
Feu
4 Nov
>
Dec
113-4 May
Feb
32 V J 'ly
.91 C Got
113 4 Feb
7.>
Sep
1 < ••. Jau
98 -. Jan
M>
•«
98
J au
-j
Jan
Jan
ls\
.Jan
5|
3.2--5|
Jan3>;
Jan .-j
1,565
3."
•15
84
I
37 .0
I0(i
12
z5
j
35
1.P.V2 177
j 4 • "i'.i
1,16 :
"•
J
a
o.<
2!
U
'..4 iilll 3t):
•
2
7k teb
•8 4 Oct
6 4 Jan 2
55‘1 Dec
74 4 Jan 1 1
1 13
Feb
121
Jiin 5
Dec
Jan 22
8'4 All” !i * •>
53
7 i
67 4 Maj
Fei.
t’l* 4 Jail 21
154 Nov
24 J’ly
15;,e) Jau it)
2 4 Dec
■w
’lit
2
7
Jan
10
6
28‘4
.Jan
May
194 Jan 24
49 ■„ Feb
25
J ly
3 7
D.iii la
•45
Get
•80
Jan 17
May •JO
3d A Get
33 U a a 11
204 Alai
5
42
25
Oct
..9 4 Jan
J’ly
7
Dec
185
Jau 15 107
J’ly lbt
900
675
Dec
-*6o
15
Ma)
Jim
40 4 Dec
17 4 J’ly
s 5
Jail .3
•70
•35
L»ei
Jan
•52
Jau 1 p
•86 Hi Jan
66*4 Fly
D>.»
Jan 1-)
’■£
1 Kj Nov
14
.Alai
2 <* Hi 1
23
4 4 Dec
3 1 "2 J ’ly
92 4 J ’ly
'
*
,
1T]4
Jan
3;
-Ian 12
4 4 JanD
2b h* Jail 14
;
2.0/0 2-. h. -mu 3
Granbv Consolidated. 100
2 t 1 39
Jan 19; 135
JauiP
Jan 111 33'*8-mu
7
30=4 Green# Consolidated, io 9,9 77 2
4 7a
5 ‘4 Jail 1 1
5
5
44.m11 4;
Guanajuato Consol..
Isie
2/
J;;n
yi
36
324
Royale (Copper). 25 G,u09
4 Jan 14
h 4
8
.> a u 3
8 4 Aliiss Consol
25
i ,4 87
Jau 10
J;tu
960 •Js
91
25
134 Jail 24
14 May Mower
14 4 Mexico Cons M A S... 10 3,345
13
o<i n
2! 15 l4 J a u 2 4
4 4 Jan 16
21 H Michigan
25
!,5 -7 20 4 J*eb lj
MoiiawK
82
92
Jail 9- 96 -j Jan It
25
Montana
Coal
A
Coke
9
JO
1
25
24Jau 9
-'i J;in 18
14
Nevada Consolidated
7 4''
18
Jan 2
2 1
Jan In
5
15 13,8,j4 109 4 Jan Mm 12 1
Jan 5
1124 North Butte
Old Colony
2
440
2 H Jan
25
lH» Jan .411
4
Old Dominion
25
55
4.225 52;i4 Uin 30 59 Hi Jan Is
Osceola
1.893 157
25
Jail 19 168
Feb 1
168
Parrott (Silv A Copp) It)
33
4,511! 2 vH ..all 2 35 Jan 14
1
2 4 Plitenix Consol
25
.Jan
Jiin 2t
1,04-6
5| t 3
Jan
9‘ 1364teb ’
136 4 Quincy
25 1 ",5 • 7! 114
25
8 U Jail
2't 12 H .Fin 15
114 Rhode Island
6,329!
•t hJiin
Santa Fei Gold A Cop) It)
7'- Jan b
6
4,356
2'
1() -7,150
Is h< ■» an 2* 2 I S* Jan 17
23 4 Shannon
a .111 14
Tamarack
763 1 9
fall
150
25
4! 7u
28
Jail
ll 32 4 Jan It.
25
Jan’07 IVcumseh
Tennessee
Jan 311 5'-4 Jan 9
25
48
1,845 47
384 Trinity
25 1 1,54 7' 2T4J.n1 2; 4 2 iJan 24
71 4 United Copper
T eb 1! 7.’> 4-mu i5
loo 2,159] 7 )
.
1
'
3,37'-j
124 Unit States Coal AO il
6 5 4 ’J S Smelt Ret.AMin.
Do
46 4
pref
74 4 U tali Con (Gold)
Victoria
25
50
12*4 Winona
Wolverine
25
25
Wyandot
25
sales lit ids; uu tin-, my.
i >cc
A o'
Lbt)
Dec
Jan
9 4 Jan
Jau 1' ! l
Jan .(' lot :*4 J ’lie
22 1 ;>o
2 2 4 Jau I .:
1 ! 25 J’ly
!
2
.I’m6 v Jail 24
D-b
Jan 7| i 03 4 May
69
Jan 2 j-io'-i Dee
2 •
Jan
] 2" 4 i lee
32:,4 J’ly
5d;u Jan 7i
1 u7 a Jan
7 j 9o -I’m
18_‘
Jan 231
46
Apr
156 TJau
141
Jan
14 4 •- Jail
4 i H J ail
1 it):l4 Feb
1 *•_. .Cue
i l":t4 Mur
3)
Apr
19
Aug
259
Jail
181
GcT
tii ’i J’ne
90
Sep
21 9
) >ec
.0 .It
i
Jan ; j
-Jan .ill,:-;
4 4 -I an 1 1
1.180
i.M.m
55 ■_ Jail
43.349 1 lu;4 Jail 3o[
7 010
43 4.< an
4!
Feb lj
50 68
lo
Jail 9
20,361
1 60
i's Jan 3o!
14
J a 11 1 <!
2,"51
39
-i ;m ,»u
777c
.0
Jan
Ti
.94j Jan 3 1
5,20'
4.2 5
95 4 Copper Range Con Col 00 46,9 j a
\i b
18 4 Daly-West
26
3 4
i >cc
Mai
Jan
51 ai
Jan
Jan
Mar
1
Bin xluun Con Min A s 00
32
( b
Bonanza tDev Co)... 10
31
BostonConCAG(rcls) A i
i..
35 H Butte Coalition
Ca.umet cc Anz
1 84
If
Calumet a ilecia
955
25
Centennial
25
43
Cons Mercur v»ol»l...
•50
190
Dec
Dec
d ,-i\
34
1"2
29
'
5t
A111 Zinc Lead A
;t4 N’ov
.Vv Jan
'
'
25
1*1
19
4
lo
6
■49
4 J’iy
Hi
Jau
4 J’ly
2J’ly
J’ue
Nov
i.)
ion J’ne
54 4 Mai
16h Dec
i 1
Jan
.J’ly
33
93
J’ly
Mai
•32*4 J’ly
•60
Mav
90
9
40
7
Si
57*4
1 As 9t paid
t
Ex-fignis.
1
a
i
4 J an
lJ3* Deo
22 Hi Dec
8o
Dec
7 4 Feb
23 s. Oct
Oct
2 4 Dec
66 *4 Oct
lol
48
Dee
Jau
-A* Dec
l11
131
•70
1
Dec
4 Deo
4Jau
W *8 Jin
12 4 Jau
i
Jan
J ue 122
oO
Deo
A pi
52
Jan
May
J’ne 2<* >-j Dec
Feb
.May Y 3
23
22
14
2,4 Sep
Jau
J’ly 114
9 4 Dec
J’ly
o\
Nov
J’iy
5j4 Jau
l37& Nov
23
79
Jill!
b 4Jau
7 ‘4 Jan lo!
2,L9g 11 *4 Jan 3! 14 Jan
i5 7 Ib9 a Ian D> 132
Jan
•J ii 11
v 4 Jan
•> ■
2.725
7|
3,195
7
Mar
1 )eo
80
3 v4
1 4
Mai
Mai
2
‘-2
7434 Mai 11.4
•70
51
43
52
5
4
Jiin
Jail
4 9
122
3
Dec 140
4 Sep
70
g Sc# .sto.’k.
Nov
4 J’ly
14 v Ala)
1
9
Jan 22
III
62
4 .
2,748'
5 16,133 63
50
Jail 31
Jau 30
Jan
2!
Jan 2!
1 M '4
L8 72
7,393
.13
1
j
12
64
2 1
9
3
130
130
14 Hi
21
89 4
11i4
14
524
prel
•
19
24
24 4
7 i
1 12
5 1
68
14
17
924
32 4
lb
166
30
2 4
3
294
14
49
39
49
68
12 4
94
21
130 4 130 4
14 4
21
14
524
'i
14
18
109 4
'14
2
144
21
88 4
14
14
14
14
24
104
24
21
18
112 4
14
18
111
1164 120
5 4
8 4
144
21
89
......
1
12 4
27 Hi
•
/
91 mint'
Adventure Con
4
oy
1104
63
114
23 4
150
130 4
84
3 4
51 227'* Jan •.-.', 2.9)
3
:.6
Jan 15 ; 6>2
3,069 tu-V -mn 2' 44 A
) i l)
814 Jan -8 S'.
2.-0 COO
Jan _! _*o3
4
Jan 2'-!
126
4 *4
;>.■»
0 an
18
7| 57
s;, x 7
Jail 3o' 90
«> t
12')
Jail 2 ! 1 _'6
|
‘
Do
Jail
9^4 Jau
2 It,
.
Oi
.
,
4i ,;'ii 31
*
12 4
294
.iilll
.
8Jan 2
.
.......
2 4
-
..
114
16
16
30
30 4
-70
•7 0
294 30 4
35
354
184
182
935
945
38
38
•50
*50
89 4 914
184 184
29
......
1
.
J
,
109'g
......
Before pay’t
•«
104
114
12 4!
64 4
64 4 65 4.
47®s
♦73* 474
70
714 72 41
8
84
84!
.12 4 12 4| 12
188
187
187 4'
c
314
5
30\
3 6 J4
' /
141
404
734'
8
16 4
140
42 A
4
179
935
..
12 4
1 4
10
10 4
5 4
5 4
20
214
140
140
124
2
14
89
2o4
......
8 4
21
’
165 4
31 I
3
2a4
116 ,
116
lo®* 11 i
5
2b 4
87 4
lb
lit
131
11234 1 13 4
•l7fc
24
18 4
3(»7t)
14
21
14
30
35 4
......
0
TO
.
.....
3
24'V
8
3o4
35 4
36 4
180
180
940
950
*38
39
•50
*50
87 4 90
19
19
3
>4
♦1*0
3t>4
16 4
3U34 31
*75
*
......
3
24
14
16
*•70
."if
31
81
36 4 36 H
180
180
950
950
38 4 38 4
•50
*50
90
92 4
19 4
19 4
m
1
114
1 4
16
30 4
•7o
111)
-
■
•
Jan
4
:l)!f
'
......
l.asi sale 75
5 *4
63 Hi
394: Jan
,"53
1
loo
pref...
Mortfenthaler
.
It)
1
26
Jau v
J’ly
90
Dec
92 '• Jan IV
10 4 Dec
I t \ Jan <8
Auu
33
Jan 8 f 26
»la\
3 • 134 t Jit 11 7 128
T30
Dec
3 13 1 h Jan
•
12"
:
13 1 • la"
2
J’ly
N<n
2"
I
34 H Jail
7
oI 02 -Jan 8 101h Dec
3 *4 .1 an
1 ■
4
.
15
115
.J’ly
Jan 19
1
Jan 5
2" Hi Jan 5
Lino., lou
4 4
4*8
44 Mexican Telephone.. It*
N
E
Cotton
*56 4 57 4
Yarn....loo
Do
87
87
88
prel
lot)
X E Telephone
120
1204 120% 120
l ot)
Nov’uO
Last Sale 4
Do
Lasts alt 75 4
bep ’05
pref
lot)
169
Puiiman Co
7b9 16'9
171
lot.
.CL70
171 '
*10 4
Reece Buttou-lloie.. It)
11
*10 4 11
,1)'.,
0 )
Jfc
56.
110
110
Swift
Co
100
1094110
•j 1
Jan ’Oi TorriUtfton Class A.. 25
La si sale 27 4
Lo
Last Sale 27 4
Dec '06
pref
2*5
3 4
3
22<i
3 4
3 4 Umon Cop L’d A M }£. 25
3 4
ti.il h 6
106
1 (>6 4 United Fruit
loo
106 4 107
63
.71
ach
928
6.
0
J
U
u
Shoe
63
63
Corp. 25
Do
3028
2 s
_8
284 28 4
pret
25
43
14 A U S Steel Corp
12 4 44 4
lot 31,81 4
104 4
105 4
La.-. LG
104 4 l• ’•> 4
25
l.ast sale •50
Dee ’06 West End Land
*8
8
West
22
9
8 4
Telep A Teletf.lOO
7."
*77
Do
126
80
*7 <
80
loo
pret
2uL
J till
*
1
21
JauMl
Jan
314 Feb
Edison Elec Ilium... loo
1 Mi 4 General Electric
lou
65 4 Mass’chiisettsGast 'os Luo
85
9 1
2,607 127
loo
loo
•228
156
^
2:
:-;i»:
29 '1 Jan
7r> EM
Jan
*
4
*
-84 284
444 46 4
105 4 1U64
4 6‘t
106
2 27 a
*
106 4107
106 4 I0t> H
64
64
*
26
4
*
88
120
4
*21
*26
4
22
'21
*26
*s
57 H
*
4
*
*56
120
120
22
9
2_o
i29
i59
1594
65 hj 66 4
f- 4 4
S4 4
20o
203
4
4
57 Hi!
•66 Hi
i4
8 4
110 4
20 Hi
*200]
3,112
1,15 2
2,3 !l 1
,
14'Amer Woolen
..
»i]o
’
*4
J’ne
"a N ov
J’ly
Jan
J’ly
Feb
14^ Mar
66
47
Jan
190
Dec
4 Sep
69a4 Jan
94 Mar
13 4 Oct
234 Deo
Ex-div. A rights
1907.]
Feb. 2
BUND?*
BUM)?*
Price
in day
EXCM’GK
BOSTON STOCK
Feb 1
EJiVlXU FEB 1
WttKK
98
coll tr 48.1920
Paper 1st 8t5ag 1919
91 4
90»4
il*6”
1918
1910
Sinking turn! 4a
Bntte A Boston 1st 6a....1917
Oedar Hap A Mo R 1st 7s.1916
...1909
2d 7s
Oent Vermt let g 4s..Mayl920
0 B &
Iowa Div 1st 5s. 1919
Iowa Div 1st 4s
1919
Debenture 5b
1913
1922
Denver Exten 4s
Nebraska Exten 4s
1927
BA S Wsf4s
1921
Illinois Div 3*118....
1949
Joint bonds See Gt Northern
Chic Jc Ky* Stk Yda 6s. 1915
Coll trust refunding g 4sl940
ChMil A St P Dub D 6s.. 1920
•Ch M A 8t P Wia V div 6sl920
Chic* No Mich 1st gu 5s. 1931
Chic A W Mioh gen 5s....1921
Concord A Mont cons 4s.. 1920
Oonn A Pass R 1st g 4s...1943
1234
.
99
”914
101
95
Coal let s f 6s.. 1940
1908
1916
1927
V 1 st 6s.. 1933
Unstamped 1st 6s
1933
GtNor OB AQoolltr4s 1921
Registered 4s
1921
Fltohburg 6s
4s
4s
Fremt Elk A M o
123 4
140
ibo" ioi"
102 4104
99
100 4
1024105 4
97 4
90 4
96
941*
103”
101
Saturday
Jan a 6
-
Oreg Ry A Nav con g
Oreg Sh Line 1st g 6s
97
101
’06
95
9641014
964 1014
12
Jan ’07
purchase price for all Boston
97
21
yr,4
*204
964
*45
*13
46t,
134
*45
13
46
*604
464
104
*7 4
*344
51
464
954
21
16
100
73
104
,3 5 4
15
190 4
74
2 4
24
664
67 4
40 2,
46
x.
62«8
*44
-u
*454
69
914
*28
*64
*344
61
464
104
74
35 4
•)
24
45 4
13
46 4
13
44*4 444
50*8
454
10*8
*634
*344
50 \
50“a 50*8
444 454
104 104
*
144
21
21 4
21*8
63 4
45
47
6i34 63‘ie
*44
*45
5a 34
92
45
46
714
*•8
29 4
93
♦6
*34
15
*144
99
70
2
4
664
4
584
917§
92 m
29 4
*28
45
68
90 4
6^.
5a34
♦28
It*
100
American Cement
Amer Gas of N J
Bell Telephone
5b
Cambria iron
6u
Central Coal A Coke.lbu
Consol Trac of N J...100
Diamond State Steel., lb
lb
6.5b
10b
Preferred
84
514
48 4
84
52
49
66
68
10U
100
Ft Wayne AW V
Germantown Pass
Indianapolis St
60
4..
100
Indiana Umou Tr....l00
Insurance Co ol N A..It*
Inter Sin Pow A Cheiu.50
Keystone Telephone ,.5b
Preferred
6b
Lit Brothers
lb
Little Schuylkill
5b
Minehiil A Schuyl H..50
N Haven Iron A Steel.5
50
Northern Central
North Pennsylvania..5b
214
24 4
22
25
Preierred
100
Phila Co (Pitts) pref...50
Phil German A N orris.50
50
Phila Traction
10
Susqueh Iron A Steel..5
10
Tidewater steel
59
63
United N J RR A C.. 100
Unit Trac Pitts pref..50
Warwick Iron A Steel, lo
West Jersey A SeaSh.50
Westmoreland Coal....50
Wilkes Gaa A Elec.. 100
44
4 44
and Inactive
45
58
92
23 4
*46
67
904
99
Lehigh C A Nav tr ctfs.
714 Lehigh Valley
7U4
644
7i3i0
4
694
444
4*3
45
68
57<fe
914
914
654 Pennsylvania HR
105
96 4
7
4
964
3.
14
-4
*27
174
6
57
*
4
47 4
9
100 4
In 1 4
1014
•••I
*
:
1014
101-4
107
'!
*
•
1121 411214
103
103
98
984
103 4 109
104
Oct ’Ot
102
Deo ’05
99 4 Nov’06
10()®8
1130 4 Apr’06
100*8
100*8 Sale
111)
110
110
♦ -
-
199
1}99
9941004 1004Jau’07
-
‘
......
102
Jan ’07
99 4 100 4 1024 Jan '06
100
4 Jan’07
99 4 100 4
96
954
96
i-
H94 4 Sep ’05
1094 Aug’05
0
99^ 100
102 411044
1150 4 155
105
112 4
3
1196
1
V
-
11004
100 4 102 4
102103 4
•* -
102 4
1024
100*4 1024
99
103 4
8
1
”"l
11 Flat price.
Range tor previous
Year(1905)
Highest
Lowest
82
J’ne 7
97
J’ly
92
J’ne‘20
3 1114 Dec 11
Jan 17
32
Dec 24
Sep 20 914 Mar30
62^2Jau
5
Dec 22
Dec27 19 Jan 15
22
85
48
13
Lowest
Highest
90
Apr
Maj
Ma> 1104 Sep
34
Deo
214 Jan
'.* 1 4 Nov
83
Mai
64
Deo
474
Mar
16
12 4 Api
83
99
54 4 Apr
48
Jan
Jan 27
Deo
244 May 32
4 Nov. 0
124 Feb
104 Jan
12 4 Nov2o
17 4 Jan
8 4 Dec
Jan 4
6
Nov28 14
Jan
36
Nov 49
Jan 19
31
Dec 7 48
25
4 Mar
14 4 Ms)
14 4 Nov26 234 Jan 15
100
Dec21 118 Jau 19 100 4 J’ly 123 4 Nov
00 4 Nov
52 4 Jan
J’no 8
65
May 2 86
2 4 Dec
54 Jan
17i« Oct 8 31&ie Jan 10
Aug
61-vJ’ly 3 73‘4e Jan 22 S5»316 Mn\ 734
55
4 Nov
404 Jau
Mur20
47
Apr 20 a54
12
8
4
J’lie
Apr
6 4 Dec 7 93!0 Oct lri
Apr
cl9 4 Dec3 i 5 314 J an 2, t 174 Jan 436
39
7113ia
Nor
Jau
83
J
an
23
4
564 May 3
45
May 474 Aug
434 Apr 16 4716io Jan 23
50 4 Nov
42
Jau
Jau23
447e .May 2 51
584 Mar 63 4 Oct
Aug2«
58 4 Dec 18 65
1254
90
J’ue
Apr
Feb 15
1J814 May 16 101
Nov
20
Feb' 31
32
Mar 1
26 • Dec2 .
504 -Sep 10
304 Jan 5
11
May 9
Bid
51
39
Ask
Bid
BALTIMORE
Ask
;
RRs 4s g
1914.Q-F
Gen M 4 48 g. 1924. Q-F
Leh V C 1st 5s g ’33..J-J
Leh V ext 4s 1st 1948. J-D
2d 7s 1910
M-S
110
109
100
4
68
119 4
111
9534
85 4
684
111
112
10634 108
J-D
J-D
Newark Pass con os 1930
N Y Ph A No 1st 4s ’39 J-J
Income 4s 1939...M-N
NoOhioTrac cou5s’19.J-J
Penn gen 6s r 19lO..Var
Consol 5s r 1919... Var
Penn A Md Steel con 6s.
97 4
A-O
6s’17 M-N
People’s Tr tr certs 4s ’43
FCo 1st A ooltr 5s’49 M-S
Con A col tr5s 1951 M-N
Phil Elec gold trust ctfa.
Trust certifs 4s
P A E gen M 5 g ’20. A-O
Gen M 4a g 1920.. A AO
Ph A Read 2d 5a ’33. A-O
Con M 7s 1911
J-D
Con M 6s g 1911....J-D
Ex Imp M 4s g ’47.A-O
Terminal 5s g 1941 .Q-F
P W A B col tr 4a ’21.J-J
Portland Ry 1st Os 1930.
Roch RyA Econ 5s’54J-J
U Trac lnd gen 5s’19. J-J
Un Rys Tr ctfs 4s’49JAJ
United Rys Inv 1st coll tr
sf Os 1926
M-N
U Trac Pit gen 5a ’97 J-J
Welsbach s f 5s 1930. J-D
W lka-B G A E conu s’ 5 5 J -J
BALTIMORE
Inactive Stocks
Ala Cons Coal A It on. 100
Pref
100
Atlanta A Charlotte.. 100
Atlan Coast Line RR. 100
Atlan Coast L (Coun)lOO
Canton Co
100
Cons Cot Duck Corp...50
Preferred
50
Georgia Sou A Fla. ..100
1st pref
100
2d
pref
G-B-S Brewing
1064
99 4 100 4
108
102 4 103
99 4
69
100
100
Bonds
Anaoosfia A Pot 5s
Atl A Ch 1st 7...1907 J-J
Atlan C L RR4al952M-S
Atl Coast L(Ct)ctfs 5s J-D
Ctfs of indebt 4a
J-J
6-20 yr 4s 1925
J-J
Balt C Pass 1 st 5s’ 11 M-N
Balt Fundg 6s. 1916 M-N
5s ’39.A O
1 Ex-nghts.
50
Ask
AmRysconv5s 1911. J-D 100*8
Ail City 1st 6s g ’19.M-N
Balls Ter 1st 5s 1926.J-D
BergAEBrw 1st 6s’2l J-J 103
119
Bethle Steel 6s 1998. Q-F
111*4
Choc A Me 1st 5s 1949 J-J
10434
Ch Ok A G gen 5s’19 J-J
Col St Ry 1st con 5s 1932
ConTracof N J 1st 5s.’33
110
E A A 1st M 5s 1920 M-N
964
Elec A Peo Tr stk tr ctfs
Eq II Gas-L 1st g 5s 1928 1064
II A B Top con 5s ’25 A-O
Indianapolis Ry 4s. 1933
sales on this day.
1,149
9,594
100 1.210
14.055
Pluladelp’aCo (Pittsb). 5b 1,637
71*16 Philadelphia Electric*. 25 2,350
Phila Rapid Transitc.. 60 12,408
21
5b 67,744
614 Reading
24
Do
1st pref
44 4
60
80
Do 2d pief
45
50
1,913
60
57^ Union Tracton
92
United Gas Impt
60 11,554
Welsbach Co
100 %
29
Rid
A1 Val E ext 7s 1910 A-O
Alt ALVEleo 4 48’33.F-A
Pa A NY Can
Con 4s 1939
Penn Steel 1st
310
10b
5b
5b
45
45
20
Marsdeu Co
2
2
2
....100
NewCouGasSs 1948 J-D
108
9 7
994
•
91>4
99
! io»»
1, I< 04
y;>4
99 4
loo 4 Jul ’<»7 ....! 104
J
...
i
1906
350
150
Gen Asphalt tr ctfs
Do
pref tr ctfs ....1 Ob
Lake Superior Corp....
8
36
15
99
*7
*35
*144
98 4
69^ 704
2
2
26 4
Range tor Year
906
412
■
104
8
99
103
J-J
Philadelphia
106
50*4 50*8 American Railways.... 60
50 14,921
43*8 444 Cambria Steel
899
104 10 4 Electric Co of America 10
Gen cons 4s 2003.M-N
Leh V Tran oon 4s ’S3 J-D
Bid and asked prices; no
•124
Consol 6s 1923
Annuity 6s
lo
Touopali Mining of Nevl
Union Tr of lnd
loo
*
45 4
13
36
15
994
714
844
19 '4
1014 Sep’06
11024 Jan ’05
11214 Mar’06
103
Jan’07
107 4 Nov’<>3
102
Mai’02
98 4 May’06
F-A
Sales
the
Week
Shares
Consolidated Gas
100
50
944 Northern Central
214 Seaboard (new)
100
Do
1st pref
100
2d pref
Do
44
100
United Ry A Electric.. 60
13
Lehigh Nav 44a ’14.Q-J
9 4
9
50
Pennsylvania salt
Pennsylvania Steel..100
Preferred
•444
•124
Interstate 4s 1943 ..F-A
KeystoneWatchCase.lbb
Railways General
944
*204
Honda
Allegheny Val pref....51
Preferred
97
21
PillliA DELPHI A
Ask
Inactive Stocks
Easton Con Electric
Elec Storage Batt
944
*204
SC434
103s
...
1
of
Stoc/ce see belo w)
Feb 1
64i3i6 65*b
041516 66
45 4
44
46
454 45 4
45
8
778
7i*i0
7**16
?1510
20-4 21
204 214
21'4 21 4
594 61*10
59 4 614
60-4 62*ia
45
4 44
45
443, *44
•44
Rid
PII11.A DEI, Pill A
464
10=8
7^
35 4
72
214
13
13
2
2 ‘4
*45
584
*2034
99 -fe luo
05*8
46
8
59
92
29
96 4
21
13
15 4
15
100
loo
714 73 4
66 4
95
20 4
21
6,
46
8
716i« 7“16
20
51
45 4
104
96
....
994
99*4 Sale
__
J-J
Baltimore
95
106
1174 123 4
944 994
1: 92
94
104 4
100
loot, 1024
J i 134 115
*
J-J
A-O
F-A
J-D
F-A
J-J
J-J
1922
J 1024
..
1024 Ausr’04
FA
A-O
A-O
A-O
1924
1014
1014
122 4 1-24
97 4 100
j
.
High
Low
100
100
*
75**
Bonds. " No price Friday; latest bid and asked.
(For Bonds
Friday
Jan 31
Jan 30
J- J
J-J
4s.. 1946
ACTIVE ?4TOCKN
Thursday
Wednesday
Tuesday
Jan 29
84
24
J’ly
,J’ly
j
-Vo
Exchanges—Stock Becord, Daily, Weekly, Yearly
Prices—Not Per Centura Prices
Monday
Jan 28
High
IOO7* Oct. ’06
10«»4
IO04
101
122 >4 Nov’Ol
98
98
1024 Nov’06
119 4 119 4 Jan ’or,
94 4 Dec’06
‘.2
93 4 92
101
Jan’07
100 4 Sep ’06
113*8 Nov’OG
1014 Sep ’0;
118
Mh> ’04
854 Jan ’07
4 86
26 4 Get ’06
28
174 Aug’o5
Ask Low
1906
!
......
M-S
J-J
M-N
M-S
M-N
F-A
M-S
M-N
F-A
Western Teieph A Tel 6s. 1932 J-J
J-J
Wisconsin Cent 1st gen 4sl949
Wisconsin Valley 1st 7s..1909 J.J
994 1024
1344 137 4
Apr
92
101
A-O
J-J
Savannah Elec lat cons 5s.l 952
Seattle Elec 1st g 5s
1930
Terre Haute Elec g 5s....1929
Torrington 1st g 5s
1918
Union Pac RR<& 1 grg4s.l947
1st lieu conv 4s
1911
United Fruit conv gen 6s. 1911
U S Steel Corp 10-60 yr 58.1963
West End Street Ry 4s.... 1915
Gold 4 4s
1914
1916
Gold debenture 4s
Gold 4s
1917
103 ”
105
ibo” ioo"
90
98
97
118
Y*ar
*5
*
Last
...a.®®
AO
J-D
M-N
M-S
M-S
A-O
J-J
A-O
A-O
Repub Valley 1st s f 6a... 1919
Rutland 1st con gen 4 4a. 1941
Rutland-Canadian 1st 4s 194 9 J-J
1014 1014
Philadelphia and Baltimore Stock
Shore
994
94 4
Feb’05
100
943*
943* Sale
12*3 4
86” ”9*6"
101
96
accrued Interest in addition to the
Not*— Buyer pays
<*9” "994
1014
1014
1014 J’ne’06
1124 Jan ’03
Nov’06
104
89
89
100
Jan ’07
1034 Sep’05
103 4 Apr’05
1004 Oct ’06
1344 Nov’06
101^8 Sale
Current River 1st 5s......1927
Det Gr Rap A W 1st 4s... 1946
Dominion
io7 4 ill4
Apr’06
94 4
122
126
100
114
103 4 107
97
994
124 4
122
101
103
Salt
Kan C A M Ry A Br 1st 5»1929
Kan C St Jo A C B 1st 7s. .1907
Maine Cent cons 1st 7s...1912
Cona 1st 4s
1912
Mara Hough A Ont. 1st 6s. 1925
Mexican Central cona 4a. .1911
Jan 1939
l8tcona inc3s
2d cons inc 3s
Jan 1939
M ich Telep 1st os
1917
Minne Gen Elec con jr 5s 1929
New Eng Cot Varu 5s
1929
New Eng Teieph 6s
1907
6s
1908
5a
1915
New England cons g us... 1945
Boston Term 1st 4s
1939
Old Colony gold 4s
l(>l3e
101
114
100
A-O
1934
Assented income 5s
Feb'04
1024 J’ne’06
98 4 Dec’Oii
913a Jan ’07
101
88*4
1014
994 1103 4
924 97
104
104 4 Apr’00
101
Sep’06
114
Mar’06
112 4 Jan ’03
1**7 *«
107 4
102
Sep ’05
99 4 Oct ’06
100
J’ne’Ol
123 4 Nov’06
111 4 J’ly’05
86 4
864 86 4
10;*
Ma>’05
101
Aug’06
102 4 J’ly’06
99
4 Dec’06
99:»4
107 4
1918
Bid
J-J
A-O
Illinois Steel deben 5s....1910
Non-con vert deben 5s... 1913
la Falla ASioux Cist 7s.. 1917
Kan C Clin A Spr 1st 5s... 1925
Kan C Ft S A Gulf 1st 7s.. 1908
KanC Ft Scott A M 6s.... 1928
Kan C M A B gen 4s
1934
95
S934
H185 4
Range or
Sale
lYiday
Feb 1
1
H
S
Week's
mice
"5-2
EXCH’GE
Week Kndro Feb
97 4 100
Mar’06
9934
994
92
Jan’07
99*4 Sale
BOSTON STOCK
High
IA) to
High
984
87 4
104
Nebraska 1st 7s.. 1908
AtchTod A SFe gen g 4s.. 1995
Adjustment g 4u
J’ly 1990
Boston Elect Light 1st 6s. 1908
Consol 6s
.1924
1907
Boston * Lowell 4 s
1916
48.
Maine
1944
Boston &
4 4*
Boston Terminal 1st 3 4s.l947
Mo Riv ex 6s
Non-exempt 6a
Year
1906
T]>87 4 Nov’06
Atch A
Bur A
Jieinge or
Last Sale
98
87
Telep A Tol
Writ
Range
Ixno
Bid
lepht
Week’s
265
**
Boston Bond Record.
994
69 4
|| 4(7.60 paid,
Exchange 3 4a 1930
J-J
I’ll A-O
Balt Trac 1 at 5s.. *29 M-N
No Balt Div 5a 1942 J-l>i
Convertible 5a.’06 M-N
Cent’l Ry con5sl932 M-N
Ext A Imp 5a. 1932 M S
Balt A PVlst 6s m
f $15 paid. 4 $10 paid,
ChasCityRy 1st 5s ’23 J-J
Chas Ry G A El os ’99 M s
Chari C A A ext 5a. ’09 J -J
2d 7s
11*10 A-O
City A sub 1 si 5s..’22 J-D
City A sub( Was)lsL58’48
Coal A. 1 Ry 1st 5s’20F-At
110 4
lob 4
103 Xj
120
100 4
84
100 4
97 \
85
89
89 4
74
75
60
914
93
100
Col AGrnv lst6s.l916J-J
Couaol Gas 6a... 1910 J-D|
1939 J-D
5s ’45J-J i
GaCarAN 1st5s g’29 J-J'
Georgia P 1st 6s...’22 J-J
GaSo A Fla 1st 5s 1945J-J
G-B-S Brew 3-4a 1951M-S
2d income 5s 1951 M-N
Knox v Trac 1st 5s’28A-0
Lakeli El 1st guos’42M-S
5s
G
A Ala lstcon
.
MelSt(Waah)l8t58’25F A:
Mt Ver Cot
Incomes
180
121
300
90
330
95
114 12S.
32 x,
33 4
30
97
100
80
85
6 4
7 4
102 4 103 4
974 98
108
109
88 4 89 4
88 M
89 4
103 4 10 4 4
110
111
101
102 \
104
112
114
lit
116
108
no
1
1
Duck 1st 5s.
NptXAO P lst5s’38 M-N
General 5s.... 1941 M-S
Norfolk St 1st 5s’44..J-J
North Cent 4 4a 1925 A-O
Series A 5s 1926
J-J
Series B 5s 1926
J-J
Pitt Un Trac 5s 1997.J-J
Poto Val 1st 5s 1941..J-J
Sav Fla A West 5a ’34 A-O
Seaboard A L4n 1950 A-O
Seab A Roan 5s 1926.J-J
South Bound 1st 5s..A-O
UE1 LAP lat44s’29 M-N
Un RvA El 1st 4s’49 M-S
Income 4s 1949
J-D
Va Mid lat 6s 1906..M-S
2d series 6s 1911...M-S
3d senes 6s 1916..M-S
4tli ser 3 4-5s 1921.M-S
5th series 5s 1926.M-S
Va (Stale) 3s new’32.J-J
Fund debt 2-3s 1991. J-J
Wesi X C con 6s 1914 J-J
Wes Va CA P 1 st 6g’ 11 J J
Wil A Weld 5s.. 1935.J-J
j $20 paid, a Reoeipts. 0 $26 paid.
100
92 4
114
112
108 4
103 4
lo-t-q
111
104
108 4
108 4
107 4
116
109
66 4
a.» 4
105
114
11 J
83 4
90
95
109
1044
105 >4
113
1044
1094
103
1094
57
27
84
100
iof”
108
114
113
1 09
111
Ill
U2
112
60
81
109
111
108
111
91 S
93
89 H,
89 *4
57*4 58
109
no
109
no
111
93 4
95
93 T, 95
no
108
104S« 105
I17l«
114
0 $30 paid.
c*
[Yol. i.xxxiv.
THE CHEONICLE.
260
3uujeslm*ttt and
Railroad intelligence.
GROSS
RAILROAD
EARNINGS.
The following table shows the gross earnings of every STEAM railroad from which regular weekly or monthly returns
be obtained.
The first two columns of figures give the gross earnings for the latest week or month, and the last two
columns the earnings for the period from July 1 to and including such latest week or month.
We add a supplementary
can
totals of those roads whose fiscal year does not begin with July, but covers some other
The returns of the street railways are brought together separately on a subsequent page.
statement to show the fiscal year
period.
Latest Gross Earnings.
Week or
Month.
ROADS.
-
;
•
i
•
i
Ala Great Southern —See Sout
Ala N O A Tex Pac.
1st wk Jan
N O A N Eact
Ala A Vicksburg. 1st wk Jan
Vicksburg Sh A P 1st wk Jan
Ala Ten n A North.. November.
k Atcli Top A S Fe. December
Atlanta A Cliarl
October
Atlan Birin A Atl’e. November.
Atlantic Coast Line December
Baltimore A Ohio.. December
Bangor A Aroostook Novem her.
Bellefonte Central.
December
Bridgeton A Saco R November.
3d wk Jan
Bull Rock A Pitts.
Buffalo A Susq
December
Cal Northwestern
December
Canadian Northern. 3d wk Jan
3d wk Jan
Canadian Pacific
3d wk Jan
Central of Georgia.
Central of N Jersey. December
Chattan Southern._ 3d wk Jan
Chesapeake A Ohio. November.
Chesterfield A Lane December
Chicago A Alton Ry December
Chic Great Western 3d wk Jan
Chic Ind A Louisv. 3d wk Jan
Chic Ind A Southern —See New
Chic Milw A St Paul November.
Chic A North West. December
Chic St Paul M A O. Decent ber
Ciiic Term Tr RR.. 3d wk Jan
Cln NO A Texas Pae —See Sout
Cinclnnat1 Northern —See New
Clev Cin Chic A St L —See New
Colorado Midland._ November.
h Col A South Sys.. 3d wk Jan
Col Newb A Laur.. December
October
Copper Range
December
Cornwall
Cornwall A Lebanon November.
Denv A Rio Grande 3d wk Jan
Detroit A Mackinac 3d wk Jan
Det Tol A I rout Sys 2d wk Jan
Dul It L A Wlnnlp. November.
Dul So Shore A Atl. 3d wk Jan
Erie
November.
Evansville A Ter H —See Rock
Fairchild A N E... December
Fonda Johnst A Gi. December
December
Georgia RR
Georgia Coast A P’t November.
—See
Sout
Georgia South A Fla
Grand Trunk Svs.. 3d wk Jan
Gr Trunk West.. 2d wk Jan
Det Gr Hav A Mil 2d wk Jan
Canada Atlantic. 2d wk Jan
December
Great Northern
Montana Central. December
Total system
December
Gulf A Ship Island. 3d wk Jan
December
Hocking Valley
Illinois Central
December
Inter A Gr North.. 3d wk Jan
ulnteroceanic (Mex) 3d wk Jan
3d wk Jan
Iowa Central..
Kanawha A Mich.. December
Kansas City South. December
Lake Erie A West’ll —See New
Lake Shore A M Sou —See New
December
Lehigh Valley
Lexington A East.. December
November.
Long Island
Louisiana A Arkan. December
Louisville A Nashv. 3d wk Jan
Macon A Binning.. December
Manistee A No E
October
December
Manlstlque..
Maryland A Penn.. December
a Mexican Central..
December
a Mexican Internal_ 3d
wk Jan
a Mexican Railway. 2d
wk; Jan
a Mexican Southern 2d
wk Jan
—See New
Michigan Central
3d
Mineral Range
wk Jan
Minneap A St Ixmls 3d wk Jan
Minn St P ASS M. 3d wk Jan
Mo Kan A Texas
3d wk Jan
Mo Pac A iron Mt.
3d wk Jan
Central Branch.. 3d wk Jan
Total
3d wk Jan
b Mobile Jack A K C December
Mobile A Ohio
—See Sout
Nash Chatt A St L. November.
a Nat HR of Mexico 3d
wk Jan
Hidalgo A N E._ 3d wk Jan
December
Nev-Cal-Oregon
Nevada Central
November.
..
i
i
.
!
f
.
1
__
l i
! i
]
i!
_
,
i
|
-
i
i
•i
j
__
i'
!
1
\
i
*
;
,
,
\
!
_.
;«
li1
ii
-
.
it
jijf\
l
’1
‘e
I
...
Current
Year.
Previous
$
$
Year.
Current
Year.
Previous
Year.
25,000
3,934
7,903,547
373,844
130,121
2,427,769
6,720,001
287,062
5,197
3,947
138,727
145,251
128,863
72,100
923,000
264,800
2,229,742
3,285
2,111,236
3,935
1,125,009
169,553
90,248
44,000 1 ,663 612 1,435,396
7 as 671
674,214
24,000
830 551
601,4G5
23,000
4 ,069
18 024
16.892
7,001 ,221 45,576 509 39,868,439
378,469
1,417 310 1,367,457
81 ,391
G36 205
450,460
2,227,265 12,605 802 11,524,970
6,450,520 41,771 197 38,610,408
969.208
1,204 126
188,628
20 084
31,153
5,086
22 833
23,922
3,512
853
5,095,277
160,023 4,701
89 G ,299
7 80,3 89
125,518
957 095
119,241
975,771
84,400 4,176 600 2,942,300
1,009,000 40,345 473 34,433,976
209,700 6,878 645 6,482,989
2418,194 13,420 719 12,834,285
88 ,089
73,659
2,959
2,033,482 10,531 746 9,816,326
•> •}
,513
18,121
2,787
1,056,743 6,682 518 6.230.203
140,281
5,499 840 5,001,697
98,334 3,372 921
3,396,254
York Cen' tral.
5,200,382 4,972,589 26,469,926 24,256,172
5,717.035 5,090,257 35,879,940 32,931,635
1,314,978 1,115,642 7,438,338 6.964.203
32,956
968,560
28,975
959,852
hern
Ra 11 way.
York Cen tral.
York Cen tral.
220,657
298,029
27,038
67,162
15,791
38,074
199,506
254,177
27,135
62,679
17,366
38,652
370,200
339,800
20,829
79,456
23,203
44,982
22,263
88,305
28,459
52,112
4,636,235 4,411,220
1,100 ,408
917,945
7,603 ,443 6 ,729,366
153 ,676
144,070
281 ,279
236,150
109 ,663
94,594
209 ,948
191,038
11,945 ,988 11 ,139,708
687 ,904
606,546
2,347 ,226 2,254,541
141 ,644
84,274
1,851 .460 1,722 593
22,830 ,681 51,621,519
Island S ystem.
8,890
418,911
1,533,291
12,992
388,936
1,437,760
715,666
675,257 24,890 086
108,702
106,211 3,325 131
35,997
33,715 1,020 616
26,848
24,989 1,149 987
3,659,178 4,101,019 29,136, 425
235,678
256,823 1,438, 821
3,894,856 4,357,^42 30,575, 246
52,026
45,558 1.344, 625
564,087 3,504 039
506,514
4,937,802 4,654,564 27,921, 410
124,000 5,078 555
174,000
139,729
138,349 3,855, 281
57,838
55,864 1,789, 153
181 ,444
180,262
1,169 257
655,553 4,389, 772
783,198
5,691,814
5,036,512
864,460
.,113,132
i,750,189
.,379,297
5,129,486
.,128,776
5,421,818
5,319,221
5,043,177
5,336,353
,690,106
.,087,351
5,613,179
1,429
54,251
254,190
2,469
51,787
234,084
7,700
hern Rail way.
York Cen tral.
York Cen tral.
79.864
885,485
15,319
26,098
4,448
26,599
2,562,707
150,894
156,800
24,515
Inc. 531, 785
76,731
587,498
437,060
871,990 26,561,401 23,583,444
13,625
82,666
84,572
26,195
45~ 3 05
5,067
51,081
27,723
188,243
194,190
2,267,865 14,347,574 13,498,308
139,721 4,311,238 3,687,124
133,700 3,882,800 3,421,800
659,705
25,957
625,891
York Cen tral.
12,653
66,187
13,010
59,472
145,012
196,206
400,667
360,250
815,000
34,000
849,000
92,984
840,000
29,000
869,000
139,700
432,333
423,280
2,171,270 2,195,730
7,211,481 6,764,462
14,764,859 12,344,242
26,177,232 23,846,038
918,322 1,126,313
27,(395,554 24,972,351
743,921
466,475
hern Rail way.
913,227
289,486
19,441
904,160
266,596
17,605
14,156
4,387
4.201
4,366,974
8,221,649
561 ,970
153.722
32:213
7,439,734
Monthly Summaries.
week
week
week
week
Nov
N ov
Nov
Dec
Dec
Dec
Dec
Jan
.Tan
Jan
(43 roads)
(44 roads)
(45 roads)
(41 roads).
(43
(41
(39
(40
(41
roads)
roads).
roads).
roads).
roads).
(42 roads)
Mexican currency,
.
11,028,072
11,194,251
14.843,402
9,912.277
10,164,107
9.943.086
14,365,803
8,889,449
9,256,542
9,337,337
N Y C A Hud River
Lake Shore A M S
Lake Erie & West
Cldc Ind A Sou.L
Michigan Central.
Cleve C C A St L.
Peoria A Eastern
Cincinnati North.
Pitts A Lake Erie
Rutland
N Y Chic & St L_
N Y Chic A St Louis
N Y Ont &. Western
N Y Susq A West..
Norfolk & WesternNorthern Central.
Northern Pacific
Pacilic Coast Co
c/Penn—East P & E
dWest P & E
Peoria
&
Eastern
Phlla Balt & Wash.
_
Philadelphia A Erie
Pitts CIn Chic AStL
Pitts A Lake Erie
December
December
December
December
December
December
December
December
December
December
December
Sec N ew
December
November.
November.
December
December
November.
December
December
—See New
December
November.
December
—See New
November.
November.
November.
November.
—
Current
Previous
Year.
Year.
7,752,777 7 ,746 ,0S3
3,562,379 3,549.140
455.237
413,054
234.208
185,881
2,311,321 2,026,132
2,169,739 2.042,016
302.433
269,017
82,624
74.675
1,129,165 1,115,744
220,067
215,307
930,741
979,204
York Ccn tral.
593 282
590,874
236,771
220,842
2,563,640
1 ,001,940
5,768,287
601,348
Previous
Year.
Current
Year.
_
__
.
Tomblgbee Valley..
Tor Ham & Buffalo
Unlo
Pacific Syst.
Virginia A So West.
Wabash
Western Maryland.
West Jersey A Sea’e
Wheel A Lake Erie.
W’msport A N Br..
Wlsconsln Central.
_
Wrightsv A Tenn__
Yazoo A Miss Valley
—See New
November.
—See Rock
3d wk Jan
November.
December
December
December
3d wk Jan
3d wk Jan
3d wk Jan
3d wk Jan
December
3d wk Jan
3d wk Jan
September
December
3d wk Jan
3d wk Jan
December
December
December
December
3d wk Jan
3d wk Jan
December
3d wk Jan
November.
November.
November.
December
Mexican Southern
New York Central
Lake Shore A Michigan South
Lake Erie A Western
l Chicago Indiana A Southern
Michigan Central
Cleve Cln Chic A St Louis
Peoria A Eastern
Cincinnati Northern
Pittsburgh A Lake Erie
Rutland
N Y Chicago A St Louis
Northern Central
d Penn—East of Pitts A Erie
d West of Pitts A Erie
Phlla Baltimore A Washington.
130,666
21,556
9,938,002
10,496,593
13,763,769
8,989,342
9,531,705
9,331,461
13,162,829
7,819,570
8,522,557
8.982,678
Inc.
or
Dee.
5,649,754
32,966,206
2.997,210
71,947,141
71,500
,505,638 7,683,938
,037,485 3,939,291
,338,025 14,209,212
5,363
3,618,960
4,239,230
7,858,190
119,915
71 ,688
9,897
4,542,260
3,787,531
172,417
8,502,208
25,253
37,087
,527,469 17,408,714
,024,017 14,678,259
,551,486 32,086,973
380,405
414,397
308,345
363,470
327,879
352,151
,957,272 27,010,776
,391,261 21,611 ,406
,208,619 1.141,141
,557,152 49,763,323
'
York Cen tral.
126,275
123,981
721,575
665,932
,916,804
,321,615
5,056,234
5,998,086
Island Sy stem.
208,981
164,779
1,388,093 1,282,559
35,529
28,412
119,372
135,619
10760428 8,929,173
1,039,109 1,076,935
177,100
186,594
114,818
157,603
65,952
69,028
168 452
181,344
235,993
184,490
725,888
830,050
,570.910 53,603,178
,360.899 29,588,105
,627,478
5.001,052
,714,447 4,469,781
,226,426 2,040,845
939,015
,075,279
573,119
690,664
,200,502 7,235,140
21,099
22,446
,517,515 2,22 7,174
761,305
719,862
,325,407 2,332,501
29,920
22,499
368,853
397,654
,026,249 35,817, 83
478,730
497,698
,560,919 14,058,998
,970,513 2,556,764
,058,906 2,843,306
.444,651
3,189,611
74,210
80,511
,211 ,982 3,094,342
1)9,360
91,525
,608,252 3,890,400
26,790
21,327
262,498
345,789
7,605
6,357
355,754
374,333
22,549
27,932
68,202
70,934
5,322
3,938
67,734
68,456
6,419,034 5.575,198
76,944
76,485
473,466
475,645
88,558
85,256
291,774
305,374
95,752
99,017
11,402
12,890
009,201
602,976
21,154
18,827
977,796
930,522
1
1
1
1
1
1
1
1
1
1
1
1
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Ian
Jan
Ian
•fan
Jan
Jan
Jan
Jail
Jan
Jan
1
1
1
1
1
1
Dec
1
Jan
Jan
1
1
1
1'
1
1
1
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
Previous
Year.
Current
Year.
Oct
Dec
Oct
Dec
Jan
Jan
Dec
Dec
Dec
Dec
Dec
Dec
Dec
Dec
I)ec
Dec
Dec
I)cc
Dec
Dec
Dec
Nov
Dec
Nov
Jan
Dec
$2,747,083 $2,611,686
60,633
57,068
361,824
365,747
96,438
92,679
259,800
292,500
46,563
46,185
92,089,766 86,095,599
42,544,378 38.600.8T1
5,212,810 5,037,293
2,332,730 2,114,044
26,275,586 13,283,869
24,594,915 22,517,761
3,059,280 2,960,725
1,027,727
847,231
14,481,494 12,837,736
2.799.207 2,562,089
9.902.208 9,108,729
11,746,548 10,645:848
148239890
133921990
lnc. 8,4 79,800
16,018,949 14,753,949
7,703,407
7,584,384
29 ,490,584 26,748,137
734,19..
619,381
750,736
1,006,181
4,675,558
5,229,458;
EARRINGS—Weekly and Monthly.
%
$
+ 1,090,070 10.97
+ 697,658
4,023,779
1,181 .498
11,612,635
York Cen tral.
Mch
Jan
Jan
■Tan
Manlstlque
Mexican Railway
Pitts Cin Chic A St Louis
Rio Grande Junction
Texas A Pacific
West Jersey A Seashore
,292,447
,229,346
2,299,304'12 ,642,569
,270,654
953,540
,736,851
5,276,154
541,549
,043,475
11970117
,413,041
Inc. 4,0
6,100
Period.
Atlanta A Charlotte Air Line
Bellefonte Central
Manistee A Northeastern
.
1,401,803 1,301,203
818,908
843,439
2,556,255 2,456,374
_
Rutland
St Jos & Grand Isl.
St L & San Fran
St Louis Southwest.
Seaboard Air LLne._
Sierra Railway
Southern Indiana
cSouthern Pacific Co
Southern Railway.
Mobile & Ohio
Cln N O & Tex P_
Ala Great South.
Ga South A Fla__
Texas Central
Texas & Pacific
Tidewater A West.
Toledo A Ohio Cent
Toledo Peo A West.
Toledo St L & West
,210,542 46,906,036
,937,282 20.433,867
,687,431
2,747,922
.186,467
1,078,171
,656,444 12,556,710
,232.394 12,286,737
,597,723 1.653.819
551,966
467,582
,434,338 6,784,444
1,419,797
,531,339
,016,209 4.765.819
13025617
Inc. 35
York Cen tral.
9,071
3,643,364
Coal & Iron Co__
3,781,536
Total both cos
7,424,900
Rich Fred’ksb’gAP September
126,724
Rio Grande June
November.
80,712
Rio Grande South.
3d wk Jan
10,855
Rock Island System December
5,159,385
e St L & San Fran December
4,372,897
/Evans & Ter II. December
198,660
Total of all lines. December
9,730,942
Raleigh & Southport
Reading Railway.
Philadelphia A Erie
4,713,883
AGGREGATES OF GROSS
i week
week
week
week
week
week
Week or
Month.
Various Fiscal Years.
2,821,530 3,008,659 18,374,243 17,572,247
276 .937
38,038
41,152
262,081
lnc. 79, 064
ROADS.
5
hern Rail way.
50,000
27,000
! July 1 to Latsl Date.
Latest Gross Earnings.
July 1 to Latest Date
6.64
7.84
+ 1,079,633
+ 922,935 10.27
+ 632.402
6.63
+ 611,625 6.55
+ 1,202,974 9.14
+ 1,069,879 13.68
+ 733.985 8.61
3.95
+ 354.659
Monthly Summaries.
Cur’nt Year Prev’s Year.
Inc.
Month Mch
Month April
Month May
Month June
Month July
Month Aug
Month Sept
Month Oct
Month Nov
Month Dec
1906 (110
1906 (Ill
1906 (124
1906 (113
1906 (117
1906 (118
1906 (122
1906 (119
1906 (123
1906
(65
roads).
roads).
roads).
roads).
roads).
roads).
roads)
roads).
roads).
roads).
159.258,890 143,978 ,440
136,685,537
152,183,742
146,0 It),301
168,336,461
179,191,945
184,551,471
198,733,229
186,696,274
83.796,332
128,005,775
138,557,872
130,233,293
148,013,565
159,835,022
171,553,520
179,405,267
175,727,985
79.327.117
or
Dec.
S
$
i,280,450 10.61
,679,762 6.7S
1,625,870 9.8$
i ,777,008
12.11
1,322,896 13.73
1,356,923 12.11
i
7.58
1,997,951
1,327.962 10.77
1,971,289 6.24
i.469.215
5.64
b Includes earnings of Gulf A Chicago Division,
c Includes the Houston A Texas Central and Its subsidiary lines In both
years.
<1 Covers lines directly operated,
e Includes the Chicago A Eastern Illinois in both years,
f Includes Evansville A Indiana RR.
h Include*
earnings of Col. A South.. Ft. Worth A Denver City and all affiliated lines, excepting Trinity A Brazos Valley RR.
k Includes In both years earning*
of Denver Enid A Gulf RR.. Pecos System and Santa Fe Prescott A Phoenix Ry.
I Figures prior to April 10 1905 are those of the Indiana Illinois A Iowa
and Indiana Harbor of Indiana,
n These figures are an approximation only.
a
which
the third
roads and shows
Latest Gross Earnings by Weeks.—In the table
follows we sum up separately the earnings for
week of January.
The table covers 42
the same week last
3.95% increase in the aggregate over
vear.
i
s
Alabama Great Southern
j
Buffalo Rochester & Pittsburgh
Canadian Northern
Canadian Pacific
Central of Georgia...-
__J
i
Southern
Chicago Great Western
Chicago Indianap ic Louisville..
Chicago Terminal Transfer
Cincinnati New Orl & Tex Pac.
Colorado & Southern (incl Ft
Worth & Denver City..
j
Denver & Rio Grande
j
Chattanooga
52,112!
44,982
715,666!
675,257
40,409
45,558
124,000
6,468
50,000
1,380
1,974
13,495
11,173
j
j
j
I
i
|
i
475
•
Maryland
Wheeling & Lake Erie
Western
...
.
_
.
1
j
9,337.337]
—
357
5,000
37,826
5,463
83,291
5,383
2,179
3,302
3,265
_
277,473
Earnings Monthly to Latest Dates.—The table fol¬
lowing shows the gross and net earnings of STEAM railroads
A full detailed statement,
including all
monthly returns can be obtained, is given
once a month in these columns, and the latest statement of
this kind will,z ffound in the issue of Jan. 26 1906.
The
roads from which
next
in the issue of Feb. 23 1907.
will appear
Gross
Current
Year.
Earn'gs
$
Roads.
Atch Topeka ic S Fe b .Dec 7,903,547
July 1 to Dec 31
45,576.509
Atlantic Coast Line.a... Dec 2,427,769
July 1 to Dec 31
12,605.802
Buffalo Roch <5c Pitts, b. Dec
634,516
July 1 to Dec 31..
4,253,096
Susquehanna.a ..Dec
145.251
July 1 to Dec 31
896,299
Canadian Northern
Dec
536,200
July 1 to Dec 313,916,100
Canadian Pacific.a!
Dee 5,992.098
July 1 to Dec 31
37,464.473
Central of Georgia.a
Dec 1,104,875
July 1 to Dec 31
6,127,245
Buff &
Chesterfield ic Lancas.b_Dec
July 1 to Dec 31
<5c Alton.a
July 1 to Dec 81
Chicago
Dec
Colorado ic South syst.a.Dec
July 1 to Dec 31
Colum Newb & Lan.a
July 1 to Dec 31
.Dec
Cornwall .a
..Dec
July 1 to Dec 31
Detroit & Mackinac.a...Dec
July 1 to Dec 31
Duluth So Sh ic AtL b. .Dec
July 1 to Dec 31
Fonda Johns &
Oct
July
Jan
Gioversv.b
1 to Dec
r TO Dec
1 to Dec
-
3!
31
3,935
22,513
1,125,009
6,682,518
1,193.290
6,776,262
27,038
153,676
15,791
109,663
95,870
621,560
254,418
1.696,522
177,1 19
418,911
Year.
$
$
d2,706.846
39,868,439dl7,781,008(115,428,519
2.227,265
772,757
844,873
11,524,970 3,150,727 3,859,870
208,504
1,668,559
299,653
2,161,970
4,615,209
125,518
47.374
44,542
780.389
291,144.
323,814
437,800
128,400
142,200
2,693,200 1,317,600
989,900
5,619,182 2,265,594 2,346,583
31,381,976 14,585,866 12,187,399
1,028,244
289,225
334,299
5,880.089 1,473,999 .1,850,644
824
2,787
938
18,121
8,979
7,305
1,056,743
369,066
340,050
6,230,203 2,448,340 1.964,411
1,050,578
319,893
359,004
6,015,285 2,058,309 1,932,494
27,135
def604
5,141
144,070
25,999
29,121
17,366
7,977
9,442
94,594
50,201
47,880
99,828
33,424
18,403
544,918
113,353
140,703
253,792
74,325
93,324
1,593,246
574,603
573,270
166,1 14
888,935
80,735
210,413
75,233
194,083
370.678
326,475
234,084
62,145
73,866
1,533,291 1,437,760
377.269
494.799
Gulf & Ship Island, a. .Dec
207,010 ' 178.201
54,522
59,499
July 1 to Dec 31
1,182,423
994,587
267,499
325,017
Dec
506,514
564,0S7
116,499
Hocking Valiev.a
201,481
July 1 to Dec 31
3,504,039 3,421.818 1,198,036 1,323,796
Hudson Riv El Pow Co.Dec
89,644
75,089
,
Jan 1 to Dec 31
894.227
738,388
'
268,023
273,009 *100,316
*82,824
Iowa Central.a
Dec
1,616,662 1,524,179
July 1 to Dec 31
*521,003 *398,063
Kanawha <Jc Michigan.a.Dec
180,262
181,444
29,344
41,572
July 1 to Dec 31
1,169,257 1,087,351
280,421
297,679
82,513
38,986
Kevstone Telepll Co. a.-Dec
68.694
29,391
•*
100,164
July 1 to Dec 31
459.344
208,477
183,723
0975,828 *1,137,347
Lehigh- Valley, b
...Dec 2,821,530 3,008,659
.July 1 to Dee 31
18,374,243 17,572.247 *7,617,880 07,227,675
41,152
Lexington ix. Eastern, b. Dec
38,038
14,746
20,528
276,937
113,458
103,593
July 1 to Dec 31
262,081
Louisiana (Sc Arkansas.a.Dec
79,864
76,731
15.809
26,858
July 1 to Dec 31
587,498
457,060
171,676
174,353
Mexican Central
Dec 2.562,707 2,267,865
871,397
583,295
July 1 to Dec 31
14,347,574 13,498.308 3,961,136 3,957,332
Mineral Range b
..Dec
60,645
59,698
11,463
13,055
84,529
July 1 to Dec 31
393,806
385,081
109,119
Minneap & St Louis.a..Dec
319.101
307,274 fctl3,397 fc 124,236
July 1 to Dec 31
1,979.072 2,020,064
fc749,305 /C876.107
590.874
593.282
\ V Ontario & West. a..Dec
178,506
164,731
4,023.779 1,485,136 1,225.150
July 1 to Dec 31.. .!.. 4.292.447
31
Georgia RH.a
.July 1 to Dec 31.
.
.
_
.....
.Dec
_.r-_
758,684
254,190
697,741
1,484,974
8.566,073
29,957,272!
Dec 4,372,897
1,359,929
.
Net earnings here given are after deducting taxes,
b Net earnings here given are before deducting taxes.
d The company now includes earnings
Pecos Valley system and Santa Fe Prescott
For December taxes and rentals amounted to
in 1905, after deducting which, net for
of the Denver Enid & Gulf RR.,
& Phoenix Ry. in both years.
$212,273. against $220,987
December 1906 was $2,499,047,
From July 1 to Dec. 31 1906 taxes and rent¬
against $2,485,859 last year.
als were $1,264,704, against $1,218,532 last year.
* For Dec. 1906 additional income shows a deficit of $1,735, against
$4,281 in 1905, and from July 1 to Dec. 31 was $22,071 in 1906, against
$23,108 in 1905.
k For Dec. 1906 additional income was $23,680, against
and from July 1 to Dee. 31 was $134,092 in 1906, against
n These figures represent 30% of gross earnings
$29,503 In 1905,
$98,587 in 1905.
* Including other
income, total Income (exclusive of results of coal
companies) for December is $1,043,618 in 1906, against $1,175,771 In 1905
and for period from July 1 to Dec 31 Is $8,240,318 In 1906. against $7,537,848 In 1905.
Deductions from total Income for additions and improve¬
ments were $183,996 in December 1906, against $257,160 in 1905, and from
July 1 to Dec. 31 were $1,098,016 in 1906, against $794,631 last year.
and Surplus.—The following
and net earnings given in
Interest Charges
addition to their gross
—Int., Rentals, &c.—
Current
Previous
Duluth So Sh & Atl — Dec
July 1 to Dec 31..
.
Fonda Johns & Gloversvllle—
Oct
1 to Dec 31
July 1 to Dec 31.
Jan
1
to
Dec 31.
..
.
.Dec
Georgia RR
July 1 to Dec 31
.Dec
Hocking Valley.
July 1 to Dec 31..
Kauawha & Michigan.. .Dec
July 1 to Dec 31 ..
.Dec
Mineral Range
July 1 to Dec 31..
N Y Ontario & Western. .Dec
July 1 to Dec 31..
Rio Grande Junction... Nov
Dec 1 to Nov 30..
Toledo & Ohio
July 1 to
Victor Fuel
July 1 to
a
x
Year.
Year.
$
Roads.
Central.
Dec 31
.Dec
_
Dec
Dec 31._
—Bal. of Net E'nqs.—
Cu rren t
Prev to u s
Year.
Year.
$
5
74,201
512,406
83,641
516,846
X'l ,809
£69,036
£12,332
£63,393
89,462
178,924
357,142
89,462
178.924
x\ ,042
£47,529
£34,609
£20,481
£58,300
£31,387
£10,799
£72,133
£27,203
£194,731
346,680
*51,515
*51,356
*311,210
a311,814
£312,645
£241,268
69,775
402,403 £1,059,420 £1.121,277
£22,324
£9,124
19,952
£180,813
£150,805
120,042
£3,800
£1,610
9,447
£29,001
£50,241
56,679
66,259
379,868
20,729
132,090
9,997
„
$
•
roads, in
the fore¬
&c., with the surplus
going, also report charges for interest,
above or deficit below these charges:
$
7.001,221 d2,711,320
673,205
1,740,669
4,542,260
27,010,776 10,041,870
1,564,418
3,787,531
8,561,365
21,611,406
.Dec 5,159,385
Net Earnings
Previous
Year.
Current
Year.
Previous
7)21,506
7)185,812
734,195
a
958
Net
reported this week.
n24,231
7)220,265
Nov
7,399.889
July 1 to Dec 31
24,391,261
77,260
95,358
172,417
Evansv & Terre H.a.-Dec
198,660
537,644
572,106
July 1 to Dec 31
1,208,619 1,141,141
2,922.163
Total of all llnes.a
Dec 9,730,942 8,502,208 3,400,445 16,503.606
55,557.152: 49,763,323 19,175,350
July 1 to Dec 31
3,135,538
Southern Pacific.a
DeclO.760,4281 8,929,173 3,886,885 19,112,462
61,570,910 53,603,178 23,996,446
July 1 to Dec 31
87.916
102,349
355,754
374,333
Toledo & Ohio Central.a Dec
638,758
868,785
2,227,174
July 1 to Dec 31.
2.517,515
1,901
1,581
3,938
Toinbigbee Valley
.Dec
5,322!
3,335
3.491
8,055
Nov 1 to Dec 31.
10.171
2 ,623,147
Dec 6,419,034 5,575,198 2,841,118 17,195,845
Union Pacific.a
35,817,083 18,809,196
July *1 to Dec 31
39,026,249 35,817,083
49,970
Victor Fuel.b
..Dec
210,692
206,136
278.604
976,063
July 1 to Dec 31
1,193,173
def6,789
del 93,889
291,774
’Vest Jersey & Sea Sh.b.Dec
305,374
Jau 1 to Dee 31
5,229,458 4,675,558 1,272,916 1,287,216
44,202
632,132
354.659
.
to
Rock Island system.a
July 1 to Dee 31
9,494
22,890
8,982,678
_
1
Rio Grande Junction
Dec 1 to Nov 30.
,
______
51,194
2,732
1
.-
.
..
8,086
3,981
130,417
25,000
68,202
473,466
85,256
99,017
,645
95,752
!
..
_
_
6,715
27 .932
88,558
,
.
138,349
22,549;
70,934 i
;
Wabash
20,829
55,864
871,990
139,721
13,010
12,6531
59,472
66,187 k
196,206
145,012
360,250
490,667!
815,000
840,000!
34 ,000
29,000!
177,100
186,5941
266,596
289,486!
9,897
10,8551
164,779
208,981
1
,076,935
1,039,1091
21.327
26,7901
262,498
345,789
i
4,619,321
71,688
619,381
2
>
St L & Sau Fran.a
150.894
j
14,753,949
80,712!
1
.
885,485
Minneapolis & St Louis
!
:
Minneapolis St Paul & S S M
Missouri Kansas ic Texas
f
Missouri Pacific & Iron Mtn._-._j
Dec 31._--._16,018 940
175,537
31......11,746,548 10,645,848
119.748
125,065
541,549
Nov
601,348i
726,536
670,733
3.043.475 2,997,210
30.
Pennsylvania Lines directly operated—East of Pitts & Erie..Decl3,025,617 11,970,117
11,970,117 3,952,079 3,571,779
Jan 1 to Dec 31
148,239,890 133,921,990 46,434,281 40.531,581
Dec
192,900
356,100
West of Pitts & Erie..Dec
Inc.
luc 2,2 98,000
Jan 1 to Dec 31
Inc 8,'479,800
380,250
377,150
1,301,203
Phila Balt & Wash. b__.Dec 1,401,803
4,151,321
42,785
43,852
30,400
1 ,434
7,130
5 2,026 j
174,000
139,729
57,8381
:
_. _
_
186,998
2,768,437
Pacific Coast Co
July 1 to Nov
326
_
$
233,898
$
$
953,540
Dec 1,001,940
Northern Central, b
Jan 1 to Dec
Jan
55,100
_
Year.
Net Earnings
Previous
Current
Year.
Year.
1
21,296
12,300
86,000
29,272
Earn’gs——
Previous
$
Roads.
!
I
Central
Branch
Mobile & Ohio
National RR of Mexico
Rio Grande Southern
St Louis Southwestern
Southern Railway
Texas Central
1
Texas & Pacific..
Toledo Eeoria ic Western
Toledo St Louis & Western
254,177
339,800
$
Gross
Current
Year.
i
International & Great Northern
Interoceanic of Mexico
{
Iowa Central
Louisville & Nashville.
|
-
298,029'
22,263
}\
Mexican International
Mineral Range.
65,952
160,023
84,400
1,009,000
209,700
2,959
140,281
98,334
32,956
157,603
Decrease.
$
3,076
$
69,028
138,727
72,100
923,000!
264,800
3,285
169,553
90,248!
28,975;
114,818:
370,2001
.
j
Detroit & Mackinac
Duluth South Shore ic Atlantic.
Grand Trunk of Canada
_1
Grand Trunk Western
Detroit Grand Hav & Milw. |!
Canada Atlantic.
Ji
Gulf & Ship Island
j
Increase.
1906.
1907.
Third week of January.
Total (41* roads>
Net increase <3.95",,)
267
THE CHRONICLE.
Fee. L' 1907. J
59 729
75,937
446,444
73,491
426,293
8,333
99,998
8,333
99,998
39,478
221,486
21,955
139,828
102,569
91,240
1,038,692
15,898
798,857
13,173
85,814
38,083
223,825
120,267
£63,636
£651,627
£50,083
£417,503
100,631
£36,177
£188,223
£146,355
Charges here Include road rental (paid by
After allowing for other Income received.
lessee) and other deductions
• • - ,-E •
wejshow
dates of all
ST'Street Railway Net Earnings.—In the following
both the gross and the net earnings to latest
STREET railways from which we have been able to
procure
monthly returns. As in the case of the steam roads, the
returns of the different roads are published by us each
week as soon as received, and once a month we bring to¬
gether all the roads reporting, as is done to-day.
Net Earnings
Gross
Earn'gs
Current
Previous
Year.
Year.
$
$
Roads.
Current
Year.
Previous
Year.
$
$
5,223
50,513
40.181
307,401
7,755
Albany & Hudson.a.__Dec
July 1 to Dec 31
Aurora Elgin & Chic.b.Dec
July 1 to Dec 31
199,169
25,241
193,738
100,547
700,089
632,193
43,634
336,288
Dec
Binghamton Ry Co
Jan 1 to Dec 31
July 1 to Dec 31
Brock & Plym St Ry.a.Nov
24,523
301.406
163,001
7,214
22,465
277,038
153,536
6,595
12,622
10,657
142,973
79,712
1,740
134,318
Cape Breton El Co.a..Nov
Central Penn Trac Co... Dee
Jan 1 to Dec 31
Charleston Consol Ry.b Dec
Mch 1 to Dec 31
22,861
20,482
8,793
7,799
58,456
680,286
57,644
546,579
51,534
588,674
54,596
510,657
8,270
8,612
116,394
27,125
Oct
39,663
410,023
Chic & Milwaukee Elec.
Jan 1 to Dec 31
.Dec
80,615
884,206
Clev Palnesv & East .a.
Jan 1 to Dec 31
.Dec
Chattanooga Rys
.Ian
Clev
•jfi
1
to
Co,
Oct
31
& Southwestern.b_Dec
Jan 1 to Dec 31..
91 ,307
•
55,583
77,803
1,327
104,747
19,731
204,941
21,226
205,768
7,716
594,874
47,503
517,810
42,385
350,323
19,841
245,089
10,206
127,107
9,698
103,820
66,584
-
20 ,155
271,100
52,430
47,540
23,536
20,992
i: 645,849
513,226
281.993
% 1 228,972
<.
'Va i
ET" *■
&
Gross Earn'gs
Previous
Current
Year.
.
.
454,320
5,281 ,810
.
.
_
.
_
180,163
,704 .505
Nov
E St Louis & Suburban.
Jan 1 to Nov 80
1
.
_
37,138
138.627
168.351
2,059,532
55,153
24.122
24,556
602,332
325,085
290.426
152,668
82.264
83 1.259
79,908
800,601
9,676
7,970
,457,881
1
104,681
88,917
93,142
1 ,007,813
80,474
862,171
22,523
245,717
38,987
388 ,865
33,548
331 ,668
10,652
8.765
! 1 ,77(1
1 2 l .555
25.801
_
287,876
Honolulu RT & Land.b. Dec
Jan 1 to Dec 31..
31 ,593
349,915
29,487
323,193
Nov
18,545
209.269
15,215
6,551
75,341
4,148
def6,291
Nov
Houston Elect Co.a
Jan 1 to Nov 30..
57,105
21 ,907
18,664
190,359
187.170
.
Houghton Co St iiy.a..
Jan 1 to Nov 80..
1 )ec
Illinois Traction a
Jan 1 to Dec
31
Tr Co
150,212
537,230
302,165
3,013,108
247,449
2,44 2,389
1 33.380
1 ,361 .953
10,908
106,138
3,612
43,600
3,267
37,149
13,229
7,207
116,243
May 1 to Dec 31. _
Jacksonville Elec Co.a.. Nov
Jan 1 to Nov 30._
33,468
294,584
10,573
93,267
22,423
282,018
Dec
199,632
4 17,798
Jackson Consol
.
Kansas City Ry & Lt.
June 1 to Dec 31
Dec
.
b
.
3,372,621
70.845
•
Lake Shore Elec Ry.a
Jan 1 to Dec 31__
Dec
.
3,044,038
66,560
788,268
866,970
.
111.057
I
255,529
,713,898
390,712
4.287,620
_
Dec
326,065
3,523,439
to Dec 31..
1 .628,5)94
3,900,170
120,966
,147.738
.
297,465
3,226,535
485,814
168,123
4 7 1 ,528
,55 1 ,845
158.900
1,675,071
Nov
New Oi l Ry & Lt Co. b
Jan 1 to Nov JO..
506,534
5,220,685
247.787
224,616
Norf & Portsm’tli Tr Co Nov
Jan 1 to Nov 30..
1 ,356,348
.Dec
141 ,709
1 ,703,340
.
North Texas
93,458
Oct
.
.
Oklahoma City Ry Co. .Dec
Jan 1 to Dec 31..
16,101
177,181
Dee
13.299
146,498
Peekskill Light.& Ry Co
Jan 1 to Dec 81
.
28,775
356,443
74 ,950
49,697
492,581
696,498
48,184
654,140
30,256
20,560
59,432
4.5C1
7,449
84,581
11 .5)04
5,570
125,037
08,329
5,523
55,605
6,661
2,564
198,131
13,440
168,751
5,508
107,657
81,006
144,322
1 .538,828
123,472
1.692,764
60,266
648,873
47,171
762,942
75,147
834,438
73,025
754,954
39,759
407,635
41 .250
365) ,6 19
Elect Co .a.. Nov
Jan 1 to Nov 30
45,049
562,558
50,420
532,086
12,455
216,348
22,007
221 ,586
Nov
Schyulkill Ry Co a
Apr 17 to Nov 30
Syracuse Rap Tr Co.b .Dec
14,976
320,599
Pitts McK's & G'burg. b
Jan 1 to Nov 30
1
Nov
.
Nov
Portland Rys Co
Jan 1 to Nov 30..
Dec
St Jos Ry Lt Ht & P_.
Jan 1 to Dec 31
-
_
Savannah
.
.
..
-
1 to Dec 31.
Jan
1 to Dec 31
July
Tampa
Elect
.
Co.a
Nov
.
Jan 1 to Nov 30..
Terre H'te Tr & Lt Co.ai Nov
Jan 1 to Nov 30..
48,791
428,058
45,108
374,408
20.436
177,068
20,85)8
158.085
75,437
55,459
739,889
568.694
31.538
314,872
193,855
1 .913,456
92,275
975,837
91 ,047
940,462
26,766
252,004
137,258
120,179
829,465
58,252
372,51 1
Jan
1
417,218
,320,886
2,747,441
143,434
946.900
Oct
;\pr 1 to Oct 31
Twin City
.
458,637
5,145),895
Rap Tr Co.b Nov
.
to
Nov
30
782,515
United Rys of St L.a. Dec
9,146,348
Jan 1 to Dec 31..
18,459
Dec
Wash Alex & Mt V a
273,266
Jan 1 to Dec 31..
4
.
Oct
WhatcomCoRy&LtCo
a .Nov
a Net earnings here
b Net earnings here
d Includes earnings
21.576
13,83!)
1 1 .690
233,668
5,51 5
227.529
1
16,5)02
39.225
25)6,8; 1
226,858
2,359,440
730,462
318.924
301 .940
8,460,016
20,528
251,643
3.578.936
3,141.647
7,262
125,418
10,625
116,623
.
Western Ohio Ry Co
June 1 to Oct 31
39,971
582,645
175,745
14,248
92.895
35,040
187,348
11,255
21,588
27.269
Roads.
Albany & Hudson... . Dec
July 1 to Dec 31..
7,292
43,750
Dee
26,186
156,695
Aurora Elgin & Chic
July 1 to Dec 31
.
Duluth Street Ry
Jan 1 to Nov
def501
3,450
13.349
13,167
131 .217
6.382
8.059
74,392
74,551
3,015
130,349
7.15)1
1 6.91 6
*.
43.169
2,899
22,990
13,935
152,692
6,620
102.742
76,280
7,037
21
,761
Oct
15,858
15,378
27,35)6
95,721
93.023
,r47.168
*78,850
,054,935
*911,794
6.271
130.740
6,385
102,077
1
30
^JtJanll^tojJNoViSO..
6.799
80.830
Nov
Nov
.
33,425
3,396
34,414
4,891
4,543
.
PI Paso Elect Co
7.261
43,389
def73
179,251
.
15.731
160.758
1,828
83,938
.
17,448
179,593
4,349
.
.
20,513
1,813
Dec
Clev & Southwestern
Jan 1 to Dec 31..
.
223
1,833
4 .250
Clev Palncsv & Eastern .Dec
Jan 1 to Dec 31..
Electric Corp
i
Nov
.
Dallas
Year.
Nov
Charleston Consol Ry. Dec
Mch 1 to Dec 31..
Detroit United.
Jan 1 to Nov 30
24.450
Previous
463
1
146.643
7,731
46.287
1 >ec
Binghamton Ry Co.
July 1 to Dec 31..
Brock & Plym St Ry..
Cape Breton Elect Co..
—Bal. of Net E'ngs.—
5.000
30,000
Nov
,045,021
17,851
1
.014,596
.rl
2,966
23,208
2,796
22.150
646
20,392
471
14,999
3.475
37 228
3.391
34,531
73.829
3,816
81,712
1 17,892
.017,615
138.438
958.897
107.637
696.283
5)8,177
610.561
29,546
254,198
20,406
1.844
11,394
244 .850
136,514
114,830
385,230
751 .279
75.520
880.56m
83,086
*180,191
*871 .128
*179,254
*866,216
1
to
255,312
*32,995
*130,5)17
*36,097
*131,259
119.008
22,610
65.747
42,260
176.595
196.319
160,996
1 44 .851
86.791
683.674
79,765
18.420
213.324
S ,543
182,637
20.314
10,622
1 ,724,291
.Dec
toJDec 31..
July 1 to/Dec 31..
Tampa Elect Co
1
Jan
1
Nov
Nov 30..
to
.Dec
Toledo Rys & Light
Jan 1 to Dec 31..
Toledo Urban & Interur .Oct
.Oct
Tri-City Ry & Lt Co
1 to Oct 31..
Twin City Rapid Tran..
16,651
187,372
102.605
19,248
170,157
104,492
453
743
1 .894
20,813
19,983
176,325
19,004
137,272
15,150
151,432
11,661
115,126
16,388
163,440
78,729
42,800
509,607
42,461
510,307
49,475
466.230
48,586
430.155
9,715
5.879
117,258
,236,168
.Dec
198,026
United Rys of St L
2,377,476
Jan 1 to Dec 31..
4,105
Whatcom Co Ryi& Lt. .Nov
d Includes earnings
x
10,852
104.797
44,225
9,915
7,960
1.97*
30.165
195) ,00o
113,208
Nov
--
---
113.650
116.410
1 ,511 .275
198,609
120,898
,246,015
103,331
2,387.015
1 .201 .460
753,732
3,358
7.150
3.084
1
1
Nov 30...
to
1,155
91 .523
28,087
173,511
Apr
Jan 1
11,155
116,789
20,723
245,358
123,037
Nov 30..
to
,
16.38C
424,255
24,358
279,915
144,141
..
1
52,340
29.476
310.183
30.790
338,690
338,690
5,708
106,458
86,298
300,566
.
38.782
68.875
30,790
Nov
Schuvlkill Rv Co
Jan
9,938.
9,942
11 ,300
124,825
Apr 1 7 to Nov 30
Syracuse Rap Tr Co
39.641
471 ,503
41,012
483,174
LtDec
Nov
Savannah Elect Co
Jan 1 to Nov 30..
Jan
22,806
39,122
Nov
.
9,754
931 ,016
28.417
324.715
Dec
_
Dec 31...
*8,281
*71,450
,113,425
]
of Canton-Akron Ry.
income received.
After allowing for other
ANNUAL REPORTS.
Annual
Reports.—The following is an index to ail annual
reports of steam
railroads, street railways and miscellaneous
companies which have been published since the last- edition
of the “Railway and Industrial” and “Street Railway”
sections.
This index does not include reports
Railroads—
Page.
Cleve. 01 n. Chic. & St. Louis
155
New York Chicago & .St. Louis. 155
Norfolk & Southern
155)
Industrials—
Amer. Dist. Teleg. Co. of X. V. Hill!
American Graphophone
157i
American Light & Traction
160
Amer. Malt Corp. (official state.)
156
American Pipe Manufacturing.. 218
Chicago Telephone
161
Consolidation Coal of Maryland. 161
Consolidated Gas of New York. 215):
162 i
Fairmont Coal
_
in to-da3T,s “Chronicle."
Pag<*
Industrials—(Concluded.’
Lawyers' Mortgage
.
156
Monongahcla River Corned. Coal
155
& Coke
.
I’ll)
North American
.
Realty Associates of Brooklyn
157
Street Railways—
155
Boston Elevated.
__
Boston & Worcester Electric . HU
Chicago & Oak Park Elevated
218
Cleveland & Southw. Traction. 157
Lake Shore Electric. . .
_... 158
Northern Ohio Traction Ot Light 221
217
Toledo Railways & Light..
.
Phila.. . 218 i
United States Steel
Keys*o'K* Telephone,
Interest Charges and Surplus.—The following STREET
railways, in addition to their gross and net earnings given
in the foregoing, also report charges for interest, &c., with
the surplus or deficit above or below these charges:
C r rent
Year.
$
Heat & Tr Co.
6,442
given are after deducting taxes,
given are before deducting taxes.
of Canton-Akron Ry.
—Int., Rentals, &c.—
Previous
Current
Year.
Year.
$
$
7.242
85,770
4,598
-
4 1
.
-
-
-
467.287
246,746
,099,762
186,848
Toledo Rys & Light .a. .Dec
Jan 1 to Dec 31
f2,047,610
28.75)2
Toledo Urb & Intenir ai Oct
289,232
Jan
1 to Oct 31
Trl-Clty Ry & Lt Co.a
7,358
150,684
41,009
90,953
964,233
510,223
104,816
1
_
1
TerrelH'te Tr & Lt Co..
2,407,965
52,996
11,086
99.428
Montreal St Railway....Dec
Oct 1 to Dec 31
1
444,271
518.777
Dec
.
_
Portland Rys Co
Jan 1 to Nov 30..
262,066
1 15,493
1,236,644
129,806
1 ,552,970
57,797
10,174
11,422
101,400
Pitts McK’s & Greensburg—
Jan 1 to Nov 30
81 ,382
295,603
127,256
10,821
90,931
Northern Texas Trae Co .Oct
236,945
719,369
d Nor Ohio Tr & Lt.a.
Jan 1 to Dec 31
Jan
d Northern Ohio Tr &
Jan 1 to Dec 31
266,953
812,036
.
Mllw Lt
31,800
359 ,6.80
48,336
609,000
Montreal
St Railway. Dec
Oct 1 to Dec 31..
31.
New Orl Ry & Lt Co
Jan 1 to Nov 30
Mllw Lt Heat & Tr Co. b Dec- ^
56,379
702,222
Jan 1 to Dec 31.
1
Lt...
236,6 1 5
.569,458
1,788,852
31,344
424,806
Jan
399
def46,161
.
14,457
1 .667.501
2,64432,321
Massachusetts Electric Cos—
410,291
Oct 1 to Dee 31
786,934
July 1 to Dec 31 .
96.873
Mllw Elec Ry & Lt Co Dec
1.073.514
Jan 1 to Dec 31..
43,067
4
3,749
39,870
...
.Dec
Lake Shore Elec Ry
Jan 1 to Dec 31.^
1 74.598
-
909 ,080
.
1
31,390
85,300
Massachusetts Electric Cos—
1 ,714,61!)
Oct
1 to Dec 31
1
3,907
43.020
30
Kansas City Ry &
June 1 to Dec
14*",977
40,148
483,699
Lexington & Inter Rys.. Nov
Jan 1 to Nov 30
Dec
Manila Elec RR & Lt
Jan 1 to Dec 31
July 1 to Dec 31
Mllw El Ry & Lt. b
'
52,236
470,900
*10.or;
*96.151
Jackson Consol Tr Co....Dec
May 1 to Dec 31..
Nov
Jacksonville Elect Co
Jan 1 to Nov 30..
Nov
.
113,968
14,461
148,223
4.142
4,793
57,747
to
S
57,303
Honolulu R T & LandCo.Dec
Jan 1 to Dec 31
Nov
Houghton Co St Ry
Jan 1 to Nov 30_.
Nov
Houston Elect Co
Jan 1 to Nov 30..
1
Previous
Year.
S
-
Year.
6.485
68.134
4,167
45.S34
Jan
Current
4,167
Nov
Galveston Elect Co
.886,944
1
25,479
263,836
to Nov 30..
1
Roads.
43,254
35,671
350,078
Paso Elect Co.a
Jan 1 to Nov 30..
Ft \V & Wab Val Tr Co. Nov
Jan 1 to Nov 80
Nov
Galveston Elect Co.a
Previous
Year.
$
—Bal. of Net E'ngs.—
—Int., Retitals, tfcc.—
Previous
Current
Year.
Year.
S
$
Net Earnings
Current
Year.
$
88,601
415,777
4,685.844
65,392
71)2,284
Nov
Duluth Street Ry.b
Jan 1 to Nov 80
Jan
$
1 18,324
Electric Corp.a.<Dot
Detroit United
Jan 1 to Nov 80..
El
Year.
$
liouds.
Dallas
[VOL. LXXX1V,
THE CHRONICLE
268
194,345
18,171
188,349
4,066
3,823
5,610
4,147
JJ* 4 3.026- £.jE39.521
61 .655
49.396
Corporation.
(Earnings jar the Quarter and Year ending Dec. ;>1 1906.)
The following financial statement of the Corporation and
its subsidiaries for the quarter ending Dee. 31 was given out
on Tuesday after the regular monthly meeting of the direc¬
The “net earnings” as here shown “were arrived at
tors.
after deducting each month the cost of ordinary repairs,
renewals and maintenance of plants and interest on bonds
and fixed charges of subsidiary companies.”
We append
the results for the year ending Dec. 31 in 1905 and 1904:
INt'OME ACCOUNT FOR THREE
MONTHS ENDING DEC. 51.
541.7-14,5)64
Net earnings
Deduct—
$522.52*
bonds of subsidiary companies
Depreciation and reserve funds
.
.5,525.840
Special improvement and replacement funds
1,000 .ope
Interest on U. S. Steel Corporation bonds for the
quarter
:...
5,688.407
.■
. • .
Sinking funds on U. S. Steel Corporation bonds for the
quarter Unci. $285,065 int. on bonds in funds)
1 ,248.46*
Chareed off for adjustments in sundry accounts.
90,651
Sinking funds .on
-
.
Balance
...
..
.
.—
_
Dividend for tlie quarter on preferred stock (1
Dividend 1or quarter on common stock (Fj
March 80 1907
_
.
.
.
34%)
of 1%), payable
1 4.078,987
$27,670,977
6,804.919
2 .541 ,518
Surplus for the quarter.
..
..
$18,824,545
.
. .
Appropriated on account of expenditures made and to be made
on authorized appropriations for additional property, con¬
struction and discharge of capital obligations
15.500,000
Balance of surplus
for the quarter.
—
$5,824,545
1 906.
31
Dec.
3,192,277
7,930,884 | Mch. 31 1904-- ...
4,130,901
0,809,589 i Dec. 31 1903
3,215,123
...... .3,278,742
7,018,712 j Sept. 30 .1903
7,605,0801 June 30 1903
4,666,378
5,410,719
5,865,377 i Mcll. 31 1903...
.4,829,6551 Dee. 31 1902 .
5,347.253
5,597,560 Sept. 30 1902
...4,843.007
4,696,2031 June 30 1902
..4,791,993
Sept.30 1900.....
Mcil. 31
Dec. 31
1900-....
1900
1903
Sept. 30
1905
June 30
.
...
1905
June 30
Men. 31
Dec. 31
.
...
.
1905
1904
.„
Sept. 30 191*4
3,027.4301 Nov. 1 1901
FROM operations for YEAR
1905.
1900.
January
...
February
.
1
March
First quarter
Second
Julv
$38,114,024
$14,984,920
13,482,404
13,277,574
:r$41,744,964
$156,619,111
$31,240,582
$12,400,300
11,827,215
10,988.541
$35,210,002
$119,787,658
$12,581,902
-
13,501,530
14,041.001
quarter
-
....
...
August
Third quarter
October
...'
November
December
.
...
.
Fourth quarter.
Total lor year
...
IXCOME ACCOUNT
earnings for year (see
Total net
remarks)
Introductory
Deduct—
For
$119,787,058
$73,170,522
$6,812,063
21 ,253.876
$6,382,412
19,427,321
2.232,1 72
23,056,437
26.300.000
S5,633.1 17
12.574 .21 1
-
.
.
funds
Depreciation and reserve
Interest
Add’l propertv,
eonstruc’n. &r
Charged off for
adjustments.
-
-
-
.
.
...
42.389.316
30.267.529
$25,219,676
$25,219,676
$25,219,677
splendid
having present
Through
provided with
Independent o;
its earnings.
Xeed of Further Capital.—Although
for working capital or new construction,
your directors arc satisfied that
new
necessary and desirable for the proper
as for reduction in operating costs, and
should lie provided: and they are
$25.21 9.676
$25,219,677
construction and additions are
meeting in March next.
The following statement of earnings (which
the annual audit now in progress) shows that
annual
is subject to,,
during the last
quarter of 1906 your
property has been earning at the rate
stock. The year 1907 should
14.98% per year on your
of
show
this.
increase over
an
LACK A ir.l.VA.-L
Summary of
$5,047,852
$17,169,640
all the surplus of 1906 has been used
additions and improvements,
development of your plants as well
that more ample working capital
considering ways and means of providing
proper funds for these purposes.
Under these circumstances it lias not
been deemed wise to declare any dividend on your stock.
The complete balance sheet will be submitted to the stockholders at the
10.166,050
.
SUBSIDIARY COMPANIES.
the Year 1906.
Last
STEEL CO. AXlJ
and Income Accounts for
Profit and Loss
Year 1906.
—
North American
ami earnings
Manufacturing cost and
dross sales
Company.
(Report for Fiscal Year ending Dec. 31 1906.)
ThoJiT-'port of President Wet more, with the income
dross
ac¬
count and balance sheet, is published at length on pages 278
and 279.
The comparative income account was given in the
‘'Chronicle" last week on page 219. The balance sheet of
Dec. 31 follows:
If A
LANC'E SHEE P
1905.
1900.
159,292
Bonds
Loans..
Office A mise.
propertv
Accts ree’blCash
1.003,039
.
1
141.730
913,655
.....
Total assets
V. 84. ]».
1905.
1906.
$
$
5
1 Liabilities —
31,041,824 29,916,745 | Capita! stock.29.791,300
\ ssets—
Stocks.
—
DEW 31.
I
$
29.635.500
2,801
2,274
1.933,397 j Funds constit’ uent cos
614.892 883,004
4,456t Accts. payable
51,539 492,031
339,497 I Undiv’d profits 3.999,548 2.812,232
541,333 i Dividends
..
.
1 .090,2 1 2
Tot. Habit
34.400,140 33,825.041
219.
34.400.140 33.825.041
(Report for Fiscal Year
for four years
1906.
S
Deduct—
General expense
4 ,152.969
3.707 .605
2.930,804
......
45,000
600.000
6
"'•Common
.
(4)296.412
.
181 ,963
•
Dec. 31
t
renair
exp.
aec't
..
.
2,787,180
2,045.195
642,023
668,747
522,038
420.488
2,802,551
600,000
1[5)370,515
215.979
285,609
320,4 25
885,609
A- recon-
s'tr’n edg'd t* >
.
920,425
eon-
new
Ion A betterm’ts
.615.474
1,187,977
1
600,000
,123.375
3 .029,594
1
Expended on
Exp. on
$
.616,056
.314,748
2.045.195
1 .662,410
Charged off pi a.: 11account
struct
$
2 ,787.180
1 .365,789
.
Dividends pal*. i:
•Preferred >6
Total
Bal. to sur. act
i 90 5.
Total deductions
Surplus net Income..
-
.186,494
.616,057
329,607
570,607
353 970
443.870
SHEET DEC. 31
1905.
1
*
Mfg.invest .at o*
I nvest in oth •
Merchandise
sx.
.
Acc'ts receiv,.n:.
Cash
<fc rni-ra
Total
.
—v. s-j. p.
-
$
Liahiliti/S—
I
8
S
0 10.000.000
14.263.485 13.939.2071 Capital stock (Ilf.) 11.000,0
do
(com.) 7,410,300 7,410.300
2.884 .no!
2.SOI.430
683.723
560.413
1 .633.707 i Accounts payable.
1.671.978
150,000
105,000
2,060.122 Dividends accrued
2.633.422
271,616
ins.
331,567
Ttes’ve
for
(ire
490.138!
676.998
3,029.594 2,787,180
295.53 1‘ Surplus ..—
446.560
22.490.874 21.302.819
Total
22.496.874 21.302.819!
1
.
s-TJ.
Lackawanna
Steel Company.
Year ending Dec. 31 1906.)
of Jan. 26, says:
your plant at Buffalo
originally nianned has been completed, together with certain additions
open-heann steel-making capacity found necessary to a proper workIn?
balance.
Tr,e period of organization and training incident to all new works
prevented ;* full output and normal earnings: but. notwithstanding the
that considerable construction work iias been carried on during the
mov (A tb.e errors and weaknesses of plant and organization have
correct(ci, ami it Is only since Oct. 1 !9o6 that it may falriy be said
that your works have been in full operation.
Produet am. Shipments. Ar.- -Your company received during 1906 from
mines which it owns or in which it is interested, 1.893,662 gross tons of
and produced 927,176 gross tons of pi? iron and spieereleisen.
It also
produced 848,300 tons of Bessemer and 352.791 tons of open-hearth ingots.
total of 1,201.091 tons of steel ingots.
(Official Statement for
President E. A. S. Clarke, under date
Plant Full a Operated Oct. 1. — Durintr the year
..
This
1593.
to
of
$583,456
231,843
154,929
430,464
1,250,000
$2,650,692
$152,009
76,333
40,495
206,442
312,500
$787,779
$3,358,965 $1,310,849
515,507
175,110
surplus for period
Package Manufacturing Co., Chicago.
(Report for Fiscal Year ending Nov. 30 1906.)
President C. H. Higgs says:
Tiie earnings of the company are very much greater than ever before in
its history.
Aside from tills, tiie condition of our business as a whole Is
better and stronger than ever before.
Our sales have shown a very healthy
increase..
The physical condition of our plants and their capacity for turn¬
ing out goods has been greatly improved, and the business in every depart¬
Creamery
In
a
condition. 1905-06.
highly prosperous
earnings
Dividends (8% per
Net
..
.
annum)._
-
.
Charged off..
Previous surplus
Total surplus
.
—
Increase.
200,000
1904-05.
$305,187
191,282
$179,219
19,205
$113,905
56,054
dec 36,849
$160,014
526,432
$57,851
468,581
$102,163
57,851
$686,446
$526,432
$160,014
$379,219
.
Surplus
1905.
$
1906.
-
.
.
fnsur.
1906.
.
.
870,110
289,988
$6,009,657 $2,098,628
$2,843,458 $1,135,739
item is in addition to expenditures for ordinary repairs and main¬
approximating $1,889,720 for the year and $521,553 for the last
(Compare V. 77. p. 34; V. 76. p. 437; V. 80, p. 225,475.)—V. 83,
Balance of
Balance
BAL AXCE
Assets
_.
....
Appropriated for additions and Improvements
property and construction and for discharge
capital liability
....
-.1
ment is
1
1
.
Steel Co
p
1903.
.
J
.-.
and extinguishment j
extraordinary replacements, contingencies. &e_.
Interest on bonds and gold notes of Lackawanna
Rentals and royalties.
a Reserves for depreciation
quarter.
1904.
$
.
companies and oil
Interest on bonds of subsidiary
bills and loans payable
Quarter.
$8,674,968
6,866,328
$5,139,547 $1,808,640
_
income..
Gross
tenance,
1906.)
the year-
profits for
?.• Total
’*• Deduct —
follows:
1
1
Surplus previo a* year
Net
as
.operating expenses
profit
..$29,002,169
23,862,622
real estate, interest on bills and loans
receivable, and investments in oilier companies.
a
ending Dec. 81
wore
..
.
.
Add —
Income from
General Chemical Company.
The curni ngs
of
15,000
.183.372
$42,908,993
$77,398,342
48,122,670
$35 .385.726
Total
Purchase of Ellsworth Coal Co.—Your directors have also negotiated the
purchase of the Ellsworth Coal Co., which owns some
acres
coking coal lands in Washington.County. Pa., estimated to contain over
110,000,000 tons of coal, together with four working shafts, and a
equipment of machinery, miners’ houses, &c\. the property
a
annual capacity of upwards of 2,000,000 tons of coal a year.
tills purchase they feel that your company has been
an
ample supply of coking and gas coal, which, by rendering it
the fluctuations of the coal and coke market, should considerably Increase
23,518.293
1
dividends
$12,736,944
Undivided earnings for the year
V. 83. n. :5 >o.
•
property.
_
..
—
.
50,000.000
90.651
$108,496,441
-
Preferred .7'%
Common. -2%.
-
.
.
.
.
Total deductions. ...
Balance
Dir id ( nds on stocks—
-
7,500,000
22.839,851
replacem’t fund
Special Imp'; A-
17 ,07$
34,655
...
further
$150,019,111
1,525
plant, substantial part of the
during the past year, which has pre¬
the beneiits of the active demand
prevailing during 1906. T am pleased to
be
indication of a continuance
steel business during 1907.
1906
to 707,494 tons, an
corresponding date in 1905.
Expenditures for Construction.—There lias been expended during the past
two years in new construction and additions to property, chargeable to
capital, $8,210,865. of which $2,754,888 was expended during 1906.
Xew Blast Furnaces.—Your directors have, during the past year, author¬
ized tiie construction of an additional blast furnace at Buffalo, of a daily
capacity of 500 tons, and the building of the same iias progressed so far
that it is expected to have it in operation by March 1st next.
Another
similar furnace should be built during 1907 to give the best results for your
1904.
1905.
6,122
.
&c._
operations, contracts for tlie sale of a consider¬
during the period of low prices obtaining
$7,250,204
7,117,418
7,099,010
$21,466,632
$73,176,522
1906.
„
sinking funds.
6.202.957
6,220.204
$18,773,932
YEARS.
FOR CALENDAR
.
969,047
Total
1906.
Estimaud lor December
r
!Slabs,
Year
1906.
95,24-1
52,401
lu anticipation of earlier
able tonnage of steel were made
ia 1904; owing to delay in completing your
a
above material iias nau to lie shipped
vented your realizing to a full extent
and favorable prices for steel
state, however, that there seems to
every
of prosperous times for tlie
Orders on our books at the close of
amount
increase of 55% over the
0.370.374
$19,490,726
$0,344,771
11,218.513
12,713,660
September
21,556
steel prod 16,108
billets and
blooms
43,639
121.407 |Pig iron,
11.081
41.164
.........
Structural shapes.
$2,808,213
4,540.073
0.030.340
$13,445,232
$0,863,833
0,250.519
9,585,580
$40,125,033
$12,242,098
13,158,860
.
...
Ac
Quarter.
47,868 ! Merchant
.
1904.
323.025,896
$9,037,925
10,602,187
10.005,004
$30,305,110
$9,035,168
10.980,901
...
April
Mav
J uric
Standard rails
Light rails.
Angle bars, lit tings.
ENDING DEC. 31
$6,810,847
0,029.403
$11,850,375
10,958,27.1
13,819,840
$36,634,490
...
.
Quarter.
.154,384
14,538
.2,831,092
-
.
.
p:\iinixcs
X E 7]
Tons.
.8,489,718 j June 30 1904 ..
'.
-
Year
\
1906.
056,755 ! Plates
Fourth
|
Tons.
follows, ail in gross tons:
Fou rth
products were as
Shipments of
ORDERS OX HAND.
UNFILLED
269
CHRONICLE
THE
Feb. 2 1907. J
$74,032
8,718
$65,314
..
.......
..
SHEET NOV. 30 1906 AND 1904 (NOT 1905).
1904.
1906.
1904.
|
1906.
S
$
$
!
Liabilities—
S
Resources—
241.055
...1 465,835;
903.573!
Bills
payable...
1.030.703
Merchandise
89,298
522.9121 Accounts payable.. j
867.819
Acc ts & bills rec'ble.
2.500,000 2.280.800
Capital stock...
83.4871
128.801
Cash
468.581
686,447
439.883! Surplus
1
Real est. & build’cs)
BALANCE
.
&c..624,959^ 312,341!
|
30,946!
j 777,5921
Mach., patt’ns,
Office flxt’rs & furnl
Patents & francliis'sj
Total
Compare V.
3.Of2a 182 3,079.734!
S3, p. 1593.
Si. p. 506.—V.
GENERAL
Total
3.652.282 3.079.734
INVESTMENT NEWS.
to
ha*
act
year
oeeu
ore.
;■
RAILROADS, INCLUDING STREET ROADS.
Atchison Topeka & Santa Fe Ry.—Authorized.—The
stockholders on Wednesday authorized an increase in the
common stock from SI52,000,000 to $250,000,000 and also
SOS,000.000 of bonds convertible into the new common
to be issued in the discretion of the directors.
Of the stock
stock,
is'Rojbe^offered at
present pro rata to stockholders, the details to be fixed by
the directors at their monthly meeting next week.
Compare
V. 83,p. 1468; V. 84, p. 219.
Payment of Serial Debentures.—The principal of Series E
4% serial debenture bonds ($2,500,000) due to-day will be
paid on presentation at the office of the company, No. 5
Nassau Street, New York.
Coupon No. 10 should be de¬
tached and separately presented for payment.—V. 84, p.
or
convertible bonds, about $25,000,000
219, 101. '
Atlanta Birmingham & Atlantic RR
Joint Collateral
Notes Offered.—Clark, Dodge & Co. and the Trust Company
of America, having sold $6,000,000 of the Atlantic & Bir¬
mingham Construction Co. and Atlantic Birmingham &
Atlantic RR. first collateral 5% 4-year gold coupon notes
dated May 1 1906, offer the balance of the $8,000,000, by
advertisement on another page of to-day’s “Chronicle,” at
96^% and interest. See full description in V. 83, p. 35,
1290. A map of the railroad will be found in our “Railway
and Industrial” section.
President H. M. Atkinson on Jan. 19 1907 wrote:
The gross earnings (partly estimated) for the year 1900 are upwards
of $ 1,500.000, with about $450,000 net, being more than sufficient to pay
the Interest on the outstanding bonds.
After the road Is completed to
Birmingham early In 1908, and In good running condition, we
estimate the
gross earnings will reach $12,000 per mile.
We have recently made a
traffic arrangement whereby we will soon be shipping through freight
from Brunswick to Atlanta over our own tracks from Brunswick to La
Grange and thence over Atlanta & West Point RR. to Atlanta.
By the
end of 1907 we will be able to ship to Atlanta entirely on our own rails.
The Brunswick Steamship Co. has two freight steamers running between
New York and Brunswick, and passenger and freight steamer running
between New York, Brunswick and Havana.
Within two months the
company will have two additional freight steamers on the line between
New York and Brunswick.
At New York the company has secured the
best water-front terminals In Manhattan, consisting of New Piers 14 and 15
North River.
The steamship company has already in sight as much traffic
as It can handle.
The coal and iron companies, the stock of which Is pledged as collateral
for these notes, are earning $300,000 net this year.
With the development
of these properties now In progress. It Is expected that the coal and iron
companies will earn, based on the present prices of coal and Iron, upwards
of $600,000 net per annum, which of Itself Is more than sufficient to pay
the Interest on this entire note Issue.
In about eighteen months the coal
lands are expected to be producing 1,000,000 tons of coal per annum, an
amount sufficient to supply the Iron company, the railroad company and
the steamship company, and leaving a surplus to be sold, for which there
Is a ready demand.—V. 82, p. 1267: V. 83, p. 1290.
Boston Elevated
Ry.—Proposed Consolidation with Sub¬
introduced in the Massachusetts House
sidiary.—A bill was
of Representatives on Jan. 22 authorizing consolidation with
the West End Street Ry.
Under the terms of the bill, the Boston ElvatedJRy. may Issue its pre¬
ferred stock in such manner as may be agreed upon with the West End Street
Ry. to an amount equal at par to the par value of the West End stock,
the latter now consisting of $9,689,250 common and $6,400,000 preferred
The
stock, on which 7 and 8% respectively are guaranteed under lease.
bill provides that the sale
not be
by
the holders of not less than two-thirds of the capital stock of the two com¬
shad
made until It has been authorized
panies at special meetings called for the purpose: nor until the terms of
preferred stock shall have been approved by the Board of
the Issue of the
Railroad Commissioners.—V. 84, p. 155, 101.
Buffalo Rochester & Pittsburgh Ry.—Quarterly. —Earnings for the 3 and 6 months ending Dec. 31 were:.
$2,186,732
2,228,285
Net.
$848,020
OthAnc.
$15,927
1,042,279
8,055
$4,226,364
$1 .641,825
4.592,491
2,145.251
$26,733
16,719
Cross.
3 mos.
1906
1905
Charges.
$506,026
466,847
Bal. ,sur.
$357,921
583,487
6 mos.
1906.
1905..
—V. 83. p.
.
.
_
$970,358
$698,200
923,971
1 ,237,999
1522.
Buffalo &
SusquehannajRy.—Terminal Facilities in Buffalo
—Passenger Train Service to Begin Feb. 4.—This company,
'
[VOL. LXXXIY,
THE CHRONICLE.
270
having completed its line from Wellsville, N. Y., to a con¬
nection at Blasdell, 6 miles south of Buffalo, with both the
Lake Shore <fc Michigan Southern and the South Buffalo,
has arranged with the Erie for trackage rights into the Erie
passenger
station, corner of Michigan and Exchange streets,
Buffalo.
The junction with the Erie is located between
Blasdell and Hamburg, 1J£ miles north of the latter place,
and will be known as Goodyear Junction.
Regular passenger
train service to and from)Buffalo will begin on the^4th inst.
The Erie will furnish theJBuffalo & Susquehanna with local
freight facilities pending the construction of a temporary
warehouse on ground to be leased adjacent to the former’s
Smith Street tracks, from which tracks team deliveries will
be made.
Ultimately the Buffalo & Susquehanna will
probably enter Buffalo over the Lake Shore & Michigan
Southern from Blasdell, and will construct an extensive local
freight terminal on its own account.—V. 83, p. 1227.
Chesapeake & Ohio Ry.—Equipment Trust Bonds Offered.
—Blair & Co. are offering, at prices to net the investor 5%,
the entire issue of $2,250,000 4% gold equipment bonds,
“Series M,” dated Feb. 1 1907, due $112,000 semi-annually
Aug. 1 1907 to Feb. 1 1912 and $113,000 Aug. 1 1912 to
Feb. 1 1917; interest Feb. and Aug.
These bonds are the
direct obligation of the company, and are secured by 2,000
twin hopper steel flat bottom gondola cars of 100,000 lbs.
capacity each, the title to which is retained by the trustee,
the New York Trust Co., until every bond has been paid.
The same firm has purchased “Series L” equipment trust
4% gold bonds, dated Jan. 1 1907, maturing $113,000 each
six months from July 1 1907 to Jan. 1 1912 and $112,000
July 1 1912 to Jan. 1 1917. Of the last named series the
"greater part has been sold. Each series is secured b\' equip¬
ment costing $2,477,500, of which $227,500 was paid in
cash, the equipment notes being issued for the balance of
the purchase price.—V. 83, p. 1523.
Chicago & North Western Ry.—Called Bonds.—Five and
six per cent sinking fund bonds of 1879 to the amount of
$135,000 have been drawn for redemption and will be paid
at the
Farmers’ Loan & Trust Co. at 105 and accrued inter¬
est to Feb. 1
numbers of
columns.
Statement
1907, after which date interest ceases. The
bonds will be found in our advertising
the
for Calendar Year 1906.-—See editorial on a pre¬
ceding page.—V. 84, p. 157, 50.
Chicago South Bend & Northern Indiana Ry.—Mortgage.—
The company, incorporated last week -with $7,500,000 au¬
thorized capital stock and which has acquired the Northern
Indiana Ry., has made a mortgage to the Central Trust Co.
of Newr York to secure an issue of $5,000,000 of 30-year 5%
gold bonds. Compare Northern Indiana Ry. item, V. 84,
p.159.
It is understood that the price paid to Arthur Kennedy
and associates was about $4,000,000.
The new company
acquires the city lines at Goshen, Elkhart, Mishawaka and
South Bend, besides the connecting links, and is now buildng from South Bend to Laporte and Michigan CRy, and, it
s reported, will extend the line from the latte:
place to
Hammond and Chicago within the next year and also build,
from Michigan City to Indianapolis.
Work on the exten¬
sions, it is stated, will be started immediately. Incorporators:
Randall Morgan, Philadelphia, and Hugh J. McGowan, Indianapolis, of
the Morgan-McGowan syndicate; J. Levering Jones of the Ft. Wayne ami
Wabash Valley Co., and the Lexington (Ky.) Traction Co.; Thomas E.
Kratz of the Evansville (Ind.) Tractioh Co.; Joseph Mayer of the Buffalo
& Erie Traction Co., and a number of Indiana associates.
Dleterlch, New York: Vice-President.
Alfred E. Dleterlch, New
York, and Secretary and General Manager, Samuel T. Murdock, Lafayette
Officers—President, Charles T.
Charles M. Murdock, Lafayette. Ind.; Treasurer,
Ind.
Cleveland Cincinnati Chicago & St.
Louis Ry.—Listed.—
The New York Stock Exchange has listed $10,000,000 addi¬
tional common stock, making the total amount listed to
date $50,000,000.
Compare V. 83, p. 687. 1290.—V.
84, p. 155.
SouthernRy.—Statement to Stock Exchange.—On
be found the official statement made
Exchange in connection with the list¬
ing by the Exchange of the first issue of $10,000,000 refund¬
ing and extension mortgage 4^% bonds. The statement
describes the bonds and gives in detail the purposes for which
Colorado &
pages 276 and 277 will
to the New York Stock
the bonds listed have been issued.
It also includes an in¬
come account for the 4 months ending Oct. 31 1906 and bal¬
ance sheets of the company and controlled properties as
of the last named date and much additional information.
The financial status of the company has been much
changed, and its strategic importance greatly increased, by
the recent extension of the system (through trackage rights
and the completion of the Trinity & Brazos Valley Ry.
(V. 83, p. 1170) to the Gulf of Mexico at Galveston. The
mortgage securing the aforesaid bonds was made in 1905 to
provide for the building of the new line, for refunding
outstanding bonds, the retirement of car trusts and for ac¬
quisitions and additions, as clearly shown in the aforesaid
statement, in connection with the earnings of the company
and the balance sheets, both of the railway itself and its
leading subsidiaries. See also map on page 50 of our Rail¬
way and Industrial section for Jan. 1907.—V. 84, p. 220.
Cornwall & Lebanon RR.—Dividend Increased.—The direc¬
have declared a semi-annual dividend of 4% on the
tors
$800,000 capital stock, payable Jan. 31. This rate, if main¬
tained, will increase the annual distribution to 8% as against
6% from July 1901 to 1905, both inclusive, and previously
various amounts ranging from 2% in 1894 to 5% in 1900-01.
—V. 82, p. 1322.
Detroit United Ry .-^-Proposed Note Issue.—Kean, Van
Cortlandt & Co. have agreed to purchase an issue of $2,000,000 of 3-year 5% notes, to be dated Feb. 15, which will
be offered to the public at 95^2The proceeds will be used
for improvements, to be
later financed by an issue
,
of bonds.
The notes will be secured by bonds and other
collateral now held in the treasury.
The directors will meet
in Detroit on Tuesdav next to complete details of the issue.
V. 84, p. 51.
*
—
Erie RR.—Listed.—The New York Stock Exchange has
listed $11,015,000 4% convertible 50-year, series “B,” coupon
bonds, due 1953, and has authorized to be listed from time
to time, but prior to Aug. 1 1907,$985,000additional bonds
on official notice that they have been sold, making the total
amount authorized to be listed $12,000,000.
The bonds
have been or will be issued under Section 3 of Article 1 of
the general mortgage, as follows:
To pay
Issued, in Calendar Year 11)05 (total $2,000,000).
for 25 10-wheel passenger locomotives, Nos. 950 to 974.
$4 33,786
fOF 45 consolidation freight locomotives. Nos. 1.570 to
1,614, Inclusive
834,335
Part payment for 50 consolidation freight locomotives. Nos.
731,879
1,616 to 1,665, inclusive
Disposition of Bonds Issued in 1906 as below stated (total $10,000,000).
Net proceeds ($8,715,000.) of bonds sold
.$9,015,000
.
- . Balance held in the treasury to be sold from time to time, as
Inclusive
-
To pay
.
..
required
•
985,000
Disposition of Cash Received from Bonds Sold in 1906 as above stated.
$5,278,205
Expended for construction to Nov. 30 1906
Expended for equipment to Nov. 30 1906
—
.
.
Cash held in the treasury to be expended for one or more of pur¬
poses specified in sub-division (a), paragraph (a), Section 3 of
Article 1 of the general mortgage
—-V. 84, p. 158. 102.
1,672,812
1,763,983
Fitchburg RR.—Bonds Offered.—Moffat & White, having
disposed of the larger portion of the issue, this week offered
at par and interest the unsold balance of about $350,000 of
the $2,000,000 20-year 4% bonds dated April 1 1907, due
Feb. 2
271
THE CHRONICLE.
1907. j
ing the assessments to amounts calculated upon theTpercentages for those
respectively that It was found the Tax Commissioners of the city
April 1 1927. Interest payable April 1 anu Oct. 1, guaran¬ years
generally accepted as the percentages of assessed valuation to real value
teed under lease by the Boston & Maine.
Coupon bonds in had
for real estate In the boroughs of Manhattan and Bronx.
The company
has, however, filed with the city authorities a formal protest to protect Its
$1,000 denomination which may be registered as to
rights in the event that the court In the suit to collect a 5% tax on the net
or exchanged for registered certificates in amounts of $5,000,
income from passengers of the Greenwich Avenue line, now on appeal to
the Appellate Division of the Supreme Court, shall sustain certain claims
$10,000 or $50,000. The bankers offer to take in
by the company but heretofore denied.
par for par, the 4% bonds maturing April 1.
are made
■a:.The?
rumor -that the Interborough-Metropolitan
or
a legal investment for savings banks in Massachusetts
one of its subsidiaries had arranged to sell an issue of short¬
Connecticut. Compare V. 84, p. 158.
Bonds Authorized.—The stockholders on Jan. 30 authorized term notes has been denied, the rumor, it is stated, having
$800,000 bonds to pay for double-tracking the road between been based on the payment of the franchise taxes above
noted, for which provision was made under the lease to
Troy and Johnsonville, N. Y., and for elimination of
Interborough-Rapid Transit Co.—V. 83, p. 1347. > •_
crossings, the details of the issue, including the rate of
Iftexican Central Ry.—Payment of Maturing Notes.—The
terest, being left to the discretion of the directors.—V.
$10,000,000 of collateral trust 434% notes maturing to-day
p. 158. ^
Hocking Valley Ry.—New Equipment Bonds Offered.— will be paid on presentation at the office of Ladenburg,
mann & Co.
Compare V. S4, p. 51; V. 82, p. 1497; V. 83,'*p.
J. F.
Feder, Traction Building, Cincinnati, is offering
156.
at prices to yield the investor 5%, $458,000 4%
Michigan Central RR.—Notes Sold.—See New York Cen¬
bonds, dated Feb. 1 1907, and due in semi-annual
ments from Aug. 1 1907 to Feb. 1 1917, both inclusive,
tral & Hudson River RR. below.—V. 83, p. 1408, 1411.
$21,000 being due in 1907 and $23,000 each six
Newtown Langhom & Bristol Street Ry.—Reported Acqui¬
thereafter.—V. 83, p. 1411.
sition.—See Newtown Electric Street Rv. above.
Interborough-Metropolitan Co.—Payment of Franchise
New York Central & Hudson River RR.—Notes Offered.—
Taxes by Subsidiary.—See Manhattan Ry. below.—V. 84,
J. P. Morgan & Co. on Jan. 25 purchased $50,000,000 3-year
p. 220.
5% notes, without collateral, issued by various
International Traction Co., Buffalo, &c.—See Niagara of the system, viz.:
J
New York Central & Hudson River RR
. .$25,000,000
Power Companies in V. 84, p. 224.—V. 84, p. 158.
Lake Shore & Michigan Southern Ry
15,000,000
Kansas City Viaduct & Terminal Ry .—Opened.—Fisk & MichiganGentral RR
10.000,000
The notes are all dated Feb. 1 1907, due Feb. 1 1910,
Robinson, in their monthly bulletin, announce the formal open¬
without option of prior redemption, interest being
ing on Jan. 29 of the company’s viaduct, 1.6 miles in
connecting Kansas City, Mo., and Kansas City, Kan.
semi-annually Aug. 1 and Feb. 1, both principal and interest
map on page 84 of our “Railway and Industrial”
being payable in gold at the office of the respective
January 1907. The bankers say:
companies at the Grand Central Station, New
These two rapidly growing and Interdependent towns are situated on
The notes will be in coupon form, of $1,000 and $10,000 each
high bluffs and between them lies the broad, deep valley of the Kaw River,
registered form of $5,000, $10,000, $50,000 and $100,largely oceupled by the network of traeks of 16 trunk lines.
All other and in
000 each.
available spare Is utilized by large manufacturing and business plants.
Registered notes can be converted into coupon
All local freight was handled by teams, which are subject to the dangers of
and coupon into registered, and the larger
(trade crossings and the handicap of steep grades. This will now be largely
can be exchanged for smaller ones at any time at the pleasure
overcome.
The viaduct provides a practically level highway from 40 to
60 feet wide between the two bluffs.
The roadway to be used for teams and of the holder.
trolley lines is paved with concrete and overlaid with asphalt.
In the con¬
Of the notes, about $44,000,000 were re-sold in this coun¬
struction the best modern standards were adopted.
The superstructure,
principal
exchange,
The bonds
and
grade
in¬
84,
Co.
the
—
Thal-
equipment
install¬
months
companies
&
length,
See
Section of
payable
railroad
York City.
denominations
of heavy
massive concrete pedestals which rest on creoprecaution against settling In the al¬
spanned by a bridge conslstlng'of 2 sec¬
tons, supported by 3 piers containing 6,415 cubic
steel, stands on
soted ami concrete piles as an extra
The river Is
luvial bottom lands.
weighing 1,800
yards of concrete.
Inclines and large vehicle elevators connecting the main
the valley below will furnish the teams rapid and safe
the viaduct.
It Is estimated that a team making a
cities will save practically an hour In time, while the time
passengers from one city to the other will be
Tiie utility and Importance of this great structure is fully
the residents and there Is every reason to believe that the
earnings will be realized.
Compare Item In V. 82Tp. 160.
tions
.structure with
transportation to
round trip between the
of the street car
reduced at leastrecognized
15 minutes.
by
estimates of large
Ry.—Notes Sold.—See
RR. below.—V. 83,
Lake Shore & Michigan]Southern
New York Central & Hudson River
1524.
p.
Lancaster County
Railway & Light
Stock.—Bertron, Storrs
Co.—Offer for Common
& Griseom of this
city have made
remainder abroad on Monday
The notes are being offered at par and interest by William
Salomon & Co., Harvey Fisk & Sons, Curtis <fc Sanger and
other firms, the customary deductions of 34 of 1% for blocks
of $500,000 and 34 of 1% for blocks of $1,000,000 or more,
it is understood, being allowed.
J. P. Morgan also offer
small lots at the same price.
Salomon & Co. in their circu¬
lar state that subscriptions for the notes offered by them
may be made in amounts of 20% each on the first days of
try on Saturday
of this week.
last and the
March, April, May,
June and July, or at any
previous time
option of the purchaser.
Electric Operation.—The company this week;began to oper¬
ate 30 trains on the Harlem division between the Lexington
at the
purchase the common stock ($1,000 ,000) at $100 Ave. temporary terminal at the Grand Central Station and
Wakefield, with multiple-unit-controlled electric cars.
per $50 share, or, at the option of the holder, to pay $100 in
Settlement of Litigation.—See New York & Putnam RR.
the preferred stock of a new holding company to be formed
below.—V.
84, p. 159, 52.
presently. At a meeting on Jan. 25 at which all the
holders were present, the offer was unanimously accepted.
New York New Haven & Hartford RR.—Purchase Con¬
Details will be worked out shortly and stockholders notified. firmed.—The “New Haven Register” has the following from
No offer ismadefor the preferred stock, of which $1,000,000 the company’s office: “A company in which the New Haven
an
offer to
stock¬
RR. is interested has secured the Maine Steamship Co.”
with Phila¬ The total capital stock is $1,000,000 and there are $1,000,000
Negotiations have been first mortgage bonds outstanding. Compare V. 83, p. 275.
railroad use
bridge
at
about
Official Statement.—President C. S. Mellen. in a statement
Co. (V. 81, made on Jan. 31 before the Joint Committee on Railroads
729). which is expected to be In operation within a year and to develop
of the Connecticut General Assembly announced that iti is
minimum of 75,000 horse-power, for a traction system to be formed,
with Lancaster as a centre, extending to Philadelphia. Reading, Harrisburg
proposed to offer additional stock to the shareholders next
and York.
As to the needs of the system, Mr.
Little Miami RR.—Modifications Ratified.—The stock¬ July at $150 a share.
Mellen is quoted as saying in substance:
holders voted Jan. 29 to modify the lease to the Pittsburgh
The road Is deficient in equipment, and the company has therefore
Cincinnati Chicago & St. Louis Ry. and to increase the stock. contracted for $21,500,000 worth < of new rolling stock. Including 17,000
to be delivered within 15 months.
The Consolidated Railway Co.
Compare V. 84, p. 51.
has acquired 1,400 miles of trolley lines, and for Improvements, equipment,
Manhattan (Elevated) Railway, New York City.—Stock etc., will require the outlay of $12,000,000 in the next 15 months. The
lines need $4,000,000 of expenditure within less than two years.
Offered.—Redmond & Co., New York and Philadelphia, and steamboat
The company has grown rapidly and now ranks as fifth In the country.
J. & W. Seligman & Co., New York, who recently purchased
The gross earnings of all the lines, steam, trolley and steamboat. Is ap¬
proaching $90,000,000 a year. The business Is growing, the trolleys are
the remaining $4,800,000 of the company’s authorized issue
greater In mileage, earn more and employ more men than the steam roads
of $60,000,000 capital stock, guaranteed dividends of 7%
did when my predecessor took charge.
The company has consolidated all the larger lines In the State except the
per annum by the Interborough Rapid Transit Co., have
Northampton, and expects to merge that as soon as possible and, had the
for sale a limited amount thereof at the market price, at which
General Assembly of 1905 permitted it. It would have been done by this
it yields the investor about 4%% per annum.
A circular time.
On July 1 1906 the rate per day for cars from other roads went from 20 to
says:
25 cents.
That raise cost the road about $400,000 for the use of foreign
Next July the rate will go from 25 to 50 cents, which might cost the
The company’s franchises are perpetual, and arc In the form of a contract
road $1,000.000 a year.
This Is due to the State law. With its repeal the
with the city, permitting the company to charge a fixed fare of five cents,
clause in Its charter reading as follows:
“And shall constitute an agree¬ Western roads will cease to term New England the sink-hole in which their
lost for an Indefinite period.
In the nature of a contract between said city and the constructing
company, entitling the latter, or Its successors, to the privileges and rates
The bill, favorable action onvwhich is sought, would give
of fare heretofore or herein legalized, which shall not be changed without
to the holders of the $30,000,000 convertible debentures is¬
the mutual consent of the parties thereto as aforesaid.”
The earnings of the Manhattan Railway Co. are now as large as at any
sued Jan. 1 1906 the right to subscribe to the new stock, as
time in Its history, the normal growth of the city having made up the tem¬
stated in V. 84, p. 103, 159, and also provides:
porary loss due to the competition of the Subway when first opened.
A
default of the Interborough Rapid Transit Co. In making any payments
The company having acquired by purchase all the property, rights and
due under this lease constitutes a default on the Interborough-Metropolitan
franch
(except the franchise of being a corporation) of the Danbury &
4 H % bonds.
The Manhattan Railway Co., Independent of any guaranties,
Norwalk RR. Co., the'MIddletown Meriden & Waterbury RR. Co., the New
large surplus over the 7% dividends guaranteed, the surplus for
Haven & Derby RR. Co., the Rockville RR. Co., the Colchester Ry. Co.
the calendar year 1905 being about $325,000; for the year ending June 30
and the Naugatuck RR. Co., said corporations are hereby declared to be
1906, $689,700; for the year ending Sept. 30 1906, $995,972.
merged In the New York New Haven & Hartford RR. Co., which shall
hold, enjoy and exercise all the rights, privileges, immunities
Payment of Several YearsJ Franchise Taxes.—The In¬ hereafter
and franchises of said several corporations; and the New York New Haven
terborough Rapid Transit Co. on Monday paid to Comp¬ & Hartford RR. Co. may at any time hereafter, with the approval of at
troller Metz $3,170,142 in settlement of the special fran¬ least two-thirds of all the stock of each of the merging corporations, merge,
consolidate and make common stock with any or all of the corporations
chise taxes for the years 1900 to 1905, inclusive.
whose property shall be held by It under lease or a majorit y of whose capital
stock It may own.—V. 84, p. 221,159.
The certiorari proceedings to correct the assessed valuations of the special
franchise for these years were terminated a short time ago by orders reduc¬
is outstanding.
It Is proposed at an early day to build a through connection
delphia on the east and Harrisburg on the west.
opened with the Pennsylvania UR. to run cars over the
Columbia, Pa., and connect with York,.Pa.
It is proposed to
45,000 horse-power to be generated by the McCalls Ferry Power
p.
a
cars,
cars.
a
cars are
ment
ses
earns
a
•2:>
THE CHRONICLE.
New York & Northern RR.—Settlement with
Stockholders.—See New York <$c Putnam HR.
V. 81, p. 1610.
been paid through the sale of the $500,000 “consol, and re¬
funding” 5% bonds of the T. <fc W. Ry. Co. for which they
were pledged.
The company has outstanding $2,000,000
bonds of the predecessor company, viz.:
Minority
below.—
New York & Putnam RR.—Settlement with Minority Stock¬
holders of Old Company. — Robert L. Niles, Chairman of the
Now York A: Northern stockholders’ protective committee,
has notified the minority stockholders who have been con¬
§1,250,000 lirst mortgage 5s of the Toledo & Weste n Ry.; §250,000 first
mortgage 5s of the Toledo Fayette & Western Ry. and §500,000 •'consol,
and refunding” 5s on the combined properties.
The last issue was au¬
thorized in 1905 for §2,509.000, of which §1,500,000 was held in escrow
to
retire tne underlying bonds, §500,000 were issued
(originally pledged) to
testing the reorganization
that the New York Central &
a
settlement by which the
litigation is. terminated. The payment, it is said, covers
the expenses of the committee and its counsel, and leaves a
sum sufficient to return to the holders of the preferred stock
$0 a share and of the common stock $2 a share.—V. 81, p.
1610; V. 77, p. 2.139.
Northwestern Pacific RR., California.—Alternating Con¬
trol.—Ax a hearing before the Inter-State Commerce Com¬
mission on Jan. 29 Vice-President A. H. Payson of the
Atchison Topeka <fc Santa Fe testified that an agreement had
been made between his company and the Southern Pacific
by whi< h each is to have a majority in the board of directors
every
alternate year, thus dividing the control.—V. 84,
p. 221, 103.
Hud son
River
RR.
has made
Pacific Gas & Electric Co.—Bonds Redeemed.—The
com¬
pany on Jan. 23 purchased from the proceeds of its sinking
fund 8250,000 of the 5% collateral trust bonds (total author¬
ized amount §10,350,000) issued Jan. 1906 at an average
price of 8712. the highest price paid being 89.—Y. 83, p. 1229.
Philadelphia Co. of Pittsburgh.—Earnings.—The earnings
ending Dec. 31, including controlled companies,
for the year
were:
('ill.
Gross
Year—
namings.
1900.
$ 1 8.223 ,538
1905.
10.253,725
.
' AV/
0,480,048
.
Dividends
on
Other
All
Income.
framings.
$7,115,570 $277,672
common
§4, .IS 1.992
4.200,121
349,044
stock at
href.
Charges.
Hal. for
Dic'd. Com. Stock.
$299,998 §2.711.252
_
291,493
2,283,478
6% call for about $1,800,-
[VOL. LXXXIV.
•
provide for improvements and lloating debt and §500,000 were reserved for
future improvements.
Tills last-mentioned §500,000 has been canceled
and no more bonds can be issued under the mortgage
except lor refunding.
The transfer agent Is now the Citizens’ Savings & Trust Co. of Cleveland.
The officers are:
President and General Manager, C. F. Franklin. Sylvanla. (>.; Vice-President and Treasurer, \V, F. Nutt, Toledo.
Directors:
C. F. Ranklin and J. R. N'utt, Cleveland: George Cook Ford,
George H.
Kelley and W. F. Nutt, Toledo.—V. 83,
1472, 1525.
p.
United Power & Transportation
sults for the calendar year were:
Year—
1900
•
Gross.
Co..—Report.—The
Net lover ch'gs.)
§460,001
445,634
344.456
Dividends.
(12.80%) §460.000
(12.43%) 432,680
(9.56'%) 343,563
Total surplus Dec. 31 1936. §267,089. —V. 82. p. 220.
_§824,021
.
1905
1904
809,719
708,512
.....
re¬
BaL.sur.
§1
12,954
893
Wabash RR.—New Securities.—The United States Mort¬
gage & Trust Co. gives notice to holders of deposit receipts
of the Trust Company issued for debenture
mortgage bonds,
Series A and Series’B, that the new preferred and common
stock of the RR. Co. issued in exchange for debenture mort¬
gage
bonds has been listed
the New York Stock
on
Exchange,
and that holders of deposit receipts may receive certificates
for-the stock to which they are entitled upon presentation
of their receipts at the office of tiie Trust
Company for the
of having the delivery of said stock noted and
stamped thereon; also that they are informed that the en¬
graved bonds will probably be readv for delivery prior to
April 1—V. 84, p. 222, 160.
West End Street Ry., Boston.—Proposed Merger.—See
Boston Elevated Ry. above.—V. 80, p. 1857.
purpose
000
yearly. — V. 84, p. 106.
Reading Co.-—Listed.—The New York Stock Exchange
has listed $1,500,000 additional general mortgage 4% coupon
bonds of 1997, making the total amount listed to date $71,830,000.
The bonds are a portion of the $20,000,000 re¬
served for new acquisitions and betterments, mentioned in
Section 4. Article 1, of the mortgage.—V. 84, p. 221. '
Rochester Syracuse & Eastern RR.—Additional Bonds
Authorized.—The State Board of Railroad Commissioners on
Jan. 24 authorized the issue of $3,000,000 additional bonds
under tin* first mortgage of 1905, making a total of $5,000,000.
Compare V. 82, p. 453; V. 80, p. 2459.
St. Louis Rocky Mountain & Pacific Ry.—Status of Con¬
struction—Line to Be Completed by April 1.—The following is
authoritative:
to
Grading from lies Moines, N. M., on the Colorado & Southern, westward
fie Park. 90 miles, has been completed.
Regular train service has been
established on 41 miles of the main line, between Clifton House and Cimar
ron. and also on the Raton and Koehler branches, aggregating 11 miles.
Track has been laid, all told, on 82 miles of main line and branches, leaving
only 24 miles to be laid to complete the 108 miles under contract.
The
remainder of the track will be laid and the road will be completed in every
respect ready for operation by April 1.
Ralls of 80-lb. section have been
used on the main line and of 70-lb. section on the branches.
A large yard
is in course of construction near Koehler Junction, in connection with the
erection of 240 coke ovens at that point, construction of which has begun.
-V. 83, p. 324.
-
Seaboard Air Line
Ry. —Option to Subscribe to A"etc Bonds
Indebtedness for Bonds.—The stockholders
having authorized the issue of $18,000,000 of “general
mortgage and collateral trust’* 5% thirty-year gold bonds
of $1,000 each, to be dated Feb. 1 1907, the company is
—Exchange of
offering
to the stockholders and the holders of voting trust
certificates for the stock of record Jan. 3 1907 an opportunity
of subscribing to the extent of 12% of their respective bolti¬
ngs for approximately $7,300,000, par value, of said pro¬
posed bonds at 90% and accrued interest. Subscriptions
must be made upon the blank form furnished by the com¬
pany and be received at the office of the railway, 24 Broad
St., New York City, on or before Feb. 1 1907, accompanied by
a
certified check
on
a
New York bank
or
trust company or
by ft bank draft on New York, for the amount of the sub¬
scription. nr by an offer to accept bonds at said price in pay¬
ment of indebtedness of the company equal to the amount
the subscription.
Extension of Bonds.—The syndicate has been completed
for the extension of the $4,665,000 3-year collateral trust
and general lien 5% bonds maturing March 1 1907, until
of
May 1 1911.
Holders consenting to the extension, will
221
.
104.
South Side Elevated
Marcelliw Hopkins has
Leslie Cart'd*. resigned.
RR., Chicago.—New President.—
been elected President in place of
Report.—The results for the
Yiar 190f>
1905
—V. 84, p.
Gross.
Si .788,975
1.713,348
year
ending Dec. 31
X<t.
Bond hit.
§581.707
000,388
§33.759
33.750
were:
Div.t4",).
§499.177
Tlal.,sur
§138,780
409,105
217,471
159.
Toledo & Western (Electric) RR.—.Ye w Seenrities.
—
This
an
increase in
its capital stock from $10,000 to $2,000,000.
No new bond
issue ha< been authorized, but the entire Moating debt has
GAS AND MISCELLANEOUS.
stock, making the total listed to date $18,382,000.
Tiie company has purchased §200,000 bonds and §200,000 capital
stock
of the Fierce Phosphate Co., a corporation organized under the laws of
New Vork, with a eapltal of §300,000 and a bonded debt of §200.uoo.
Of this eapltal stock §100,000 was purchased at the date of organization
of the Fierce Fhosphatc Co.
The Pierce Phosphate Co. owns 2,000 aeres
of land in Polk County. Fla., with buildings,machinery,
railroad tracks.
&e.
The land contains large deposits of phosphate rock used in the manu¬
facture of commercial fertilizers.
Of the stocks of tlie American Agri¬
cultural Chemical Co. listed under date of March 10 1903, there remained
unissued preferred stock to the amount of $21,000,this,with the §229,000
pre¬
ferred stock now listed, making up the amount of preferred stock
($250,000)
applied to the payment of §200,000 capital stock of the Pierce Phosphate
Co.
The §200,000 of bonds of the Pierce Phosphate Co. have been
paid for
in cash, and with the §300,000 total capital stock of said
company, acquired,
are an invested asset of the American Agricultural Chemical Co.—V'.
84,
160.
p.
American Brass Co.—Stock Dividend.—It is currently re¬
ported that at the annual meeting
on
Feb. 26 the directors
will recommend a stock dividend of 20%, $2,500,000, to
distribute a portion of the accumulated surplus, thus in¬
creasing the outstanding stock to $15,000,000. Recent cash
dividends, it is,said, unofficially, have been at the rate of
7% per annum, the semi-annual distribution in January
having been 21/2% and 1% extra. Compare V. 82, p.
511, 282. 102.
American Soda Fountain Co.—Current Asset* and Lia¬
bilities.—This company some time since discontinued the
issuing of annual reports, but at the annual meeting .on
Nov. 30 the following statement was given out:
Assets—
Cash
Accounts receivable
Notes receivable
Liabilities—
1
§242,559 j Accounts payable
_
.
Inventory
Unexpired insurance.
.
.
.
.
.
599,3461 Notes payable
1,502,978 ! Accrued taxes
944,7031 Accrued wages
34,954 j
*
1
Total
.
-T
Total
.
1
.
.§3,324.540 j Excess assets
over liabil's
§115,986
1,365,235
5,019
5,954
§1,492,195
§1,832,345
An exchange says:
S'* For
Its -fiscal year ended Aug. 31 1906 the company showed a small
profit on its business—too small for even the consideration of dividends—
as compared with a loss In the previous year and another small
prolit in
1904.
Tiie capital stock Is §3,750,000 as follows:
Common, §1,250,000
lirst preferred, §1,250,000;
second preferred, §1,250,000.
One of the leading minority stockholders says: “We are expecting to
hear that some plans for reorganization are being prepared by the manage¬
ment. and if such announcement Is not forthcoming shortly, it is not un¬
likely that tiie minority stockholders may endeavor to bring about a
reorganization through court procedure.
I think that a capital stock of
§1.500,000 would be sufficient, and I believe that an Issue of mortgage
bonds would aid matters materially."
John Matthews of New
shareholders,
York, representing the minority
present at the meeting, but, as no one of
the officers or directors was there, aside from the new Jersey
representative, no attempt was made to obtain the informa¬
tion desired by the minority interest.
Mr. Matthews, Jan.
28, said:
was
The management still pursue their policy of absolute secrecy and have
seen lit to make known any of their plans for the future conduct of
the business’, any statement as to their solvency, or any suggestion of
not
reorganization.
The minority stockholders
are
exceedingly unhappy and
restless in their desire to know what their holdings represent in values and
Income.
The proper course to pursue in the matter is yet In doubt.
Sale
of Plant.—Retrenchment.—F. II. anti A. H. Lippincott
Philadelphia, it is announced, have resigned from the
board of directors, and while retaining their stock interest
have purchased and will operate independently their Phila¬
delphia plant for manufacturing soda-water apparatus*
of
company, recently organized by a syndicate headed by
J. R. Nutt uf Cleveland, as successor of the Toledo A Western
Ry., bid in at judicial salt', has authorized
ferred
re¬
ceive $20 cash.
The syndicate, headed by the Continental
Trust Co. of Baltimore, will take up all the old bonds which
the holders wish to surrender for cash at maturitv.—V. 84,
j).
INDUSTRIAL
American Agricultural Chemical Co.—Listed.—The New
York Stock Exchange has listed $229,000 additional pre¬
which was sold to the American Soda Fountain Co. in. 1891.
The company has further retrenched by closing a number of
unprofitable selling agencies and also its New York factory,
Feb. 2
THE CHRONICLE
1907.]
manufacturing business being now^concentrated in Bos¬
A saving of $25,000 annually, it is stated, has also
been made by eliminating the salaries of a number of high
its
ton.
paid officials.—V. 83,
p.
1349.
American Telephone & Telegraph Co.—Bonds
J. P. Morgan & Co., New York; Kuhn, Loeb &
Offered.—
Co., New
York, and Kidder, Peabody & Co., Boston, are offering
at 92J/£ and interest, by advertisement 011 another page,
$40,000,000 convertible 4% gold bonds due March 1 1936,
part of an issue limited to $.150,000,000. All or any of the
bonds are redeemable at option of company at 105% and
interest on and after March 1 1914, upon twelve weeks’
notice, but convertible at par, at option of holder, into com¬
mon stock at $140 per share after March 1 1909 and before
March 1 1918, and in the meantime up to 30 days prior to
the date of redemption named in any redemption call.
If
additional stock is issued or sold at a price averaging less
than $140 per share, bondholders will have the benefit of a
reduced conversion price.
Interest payable March 1 and
Sept. 1 in New York or Boston. Principal and interest
payable without deduction for any tax or taxes.
Under date of Jan. 26 1907 F. P. Fish, Esq., President
of the company, writes in substance as follows:
the successor of the American Bell Telephone Co.,
owns directly Ion? distance telephone lines and Is the owner of shares of
the capital stock in about 40 companies operating throughout the United
States and Canada, holding, except in a few Instances, a controlling in¬
The company,
as
terest.
In addition to the Issue of convertible bonds, the funded debt of the com¬
pany consists of $78,000,000 collateral trust 4% bonds due .Inly 1 1020,
of which $53,000,000 are outstanding in the hands of the public, $25,000,000
being deposited as security for the issue of $20,000,000 5% notes which
mature on May 1 1007, and which $25,000,000 of bonds—upon tiie retire¬
ment of the notes—will be released and will become a free asset of the com¬
pany.
There are also outstanding $25,000,000 5% notes due Jan. 1 1010
and $10,000,000 4% debentures of the American Bell Telephone Co. which
mature on
July 1
The company’s present authorized capital stock
100s.
in the hands
being 18,104,
against 17,533 Jan. 1 1000 and 10,802 In 1003.
On Dec. 31 1000 the net
surplus and reserves of the company amounted to approximately $14,000,is $250,000,000; of this amount, $131,551,400 Is at present
of the public, the number of shareholders on Jan. 1 1007
00 1.
The number of telephone
States by this companv and
leased has been as follows:
1002.
1903.
'
subscribers’ stations operated in the United
by the companies to which Its telephones arc
1004.
1005.
1906 (Dec.Est.)
3,054,000
and Its associated
companies Is approximately: Exchange, 6,100,000; toll, 1,400,000; making
a total of 7,500,000. oi which 3,300,000
in'les of exchange wire are In
uuderground conduits.
Toe company paid dividends each year from April 1900 to July 1906 at
the rate of 7
°6 per year, and Its predecessor, the American Bell Telephone
Co., paid dividends at an equivalent or greater rate each year from 1884 to
1900.
Since July 1906 the American Telephone & Telegraph Co. lias paid
1,309,941
1,683,087
2,003,213
2,528,715
Tue number of miles of wire owned by this company
dividends at the rate of 8% per annum.
Earnings for the year 1906.
•
•
” • FT*’
$12,783,466
Leaving balance of
Out of which dividends amounting to $10,195,233 have been paid.
The bookkeeping and accounting are on conservative lines, and
In my
opinion the position and the prospects of tlie company have Improved from
year to year and will continue to do so.
Preference oil allotment under subscription will be ac¬
corded to shareholders of the company to the extent of
20% of the par value of their holdings of stock in the com¬
pany.
A simultaneous public issue of the, above bonds is
being made by Baring Bros. & Co., Ltd., and J. S. Morgan
& Co., in London, and by Messrs. Hope & Co. in Amsterdam.
Compare annual report for 1905 in V. 82, p. 689, 697, 700.
V.84,p. 160, 105.
Amoskeag Manufacturing Go.—Increase of Stock.—A bill
—
Legislature early this
month providing for an increase in the capital stock from
$4,000,000 to $6,000,000,in accordance with the plan for
the acquisition of the Amory Manufacturing Co. and Man¬
chester Mills.
Compare V. 83, p. 591; V. 82, p. 453; V. 81,
p. 1725,1611.
introduced in the New Hampshire
Increase in Dividends.—A semi-annual dividend of 6%
has been declared,payable Feb. 1 to stockholders of record
Jan. 29, being an increase of 1% over previous semi-annual
distributions or of 2% in annual
dividend rate.—V.83, p.891.
Arlington Mills, Lawrence, Mass.—Stock Offered.—The
stockholders voted Jan. 29 to increase the stock from $5,000,000 to $6,000,000, the $1,000,000 new stock being of¬
fered to stockholders for subscription at par ($100 per share),
payable March 15.—V. 80, p. 2346.
Bay State Gas Co. of Delaware.—Rogers Settlement.—
Judge Putnam yesterday in the United States Circuit Court
at Philadelphia approved the settlement of the suit against
H. H. Rogers whereby the United Gas Improvement Co. of
Philadelphia, acting under an agreement with Mr. Rogers,
will pay $1,500,000 to Receiver Popper for his claims against
Mr. Rogers and also his holdings of $1,444,000 preferred
stock and $1,630,650 common stock of the Buffalo Gas Co.
The settlement must also be approved by the Delaware
Qourt. Mr. Pepper is quoted as saying:
now outstanding $184,587,500 stock; also Income bonds of the
value of $507,000 due In 1939.
The other claims against the company
apparently amount, to about $10,000.
The settlement of the Rogers suit
practically winds up the affairs of the company.
After the present settle¬
ment there will remain no securities among our assets, as a short time ago
we sold for $35,000 the $200,000 shares of the Trenton Water Power stock
There is
par
under order of court.
We now have In our treasury a little over $200,000 In cash, which will be
We feel confident that
augmented to $1,700,000 by the Rogers payments.
we shall win the ease against J. Edward Addleks for $1,000,000. as we did
the suits against Lawson and Rogers, but the amount to be realized from
Mr. Addleks Is purely problematical.
As respects the value of Bay State Gas shares as a result of the settle¬
of the Rogers suit, 1 cannot figure how they are worth as much as
50 cents a share.—V. 83. p. 971, 157.
ment
Beaumont Irrigation Co.—First Dividend.—A dividend o,
6%, it is stated, has been declared on the $100,000 stockf
payable to stockholders of record Jan. 1.—V. 78, p. 2444.
Bidwell Electric Co., Chicago.—New Stock.—This com¬
pany, incorporated in Oklahoma in February 1906 to manu¬
facture, it was claimed, some sort of water motor, on Jan. 16
filed a certificate of increase of capital stock from $2,000,000
to $2,500,000.
The $1 shares were offered at one time last
year at 50 cents each.
Benson Bidwell of Chicago is Presi¬
dent
.
Bliss Electric Car Lighting Co., Milwaukee, Wis.—New
Stock.—This company, it is stated, recently increased its
capital stock from $100,000 to $1,500,000.
Bliss is President
William L.
.
Buffalo Gas Co.—Sale
of Stock.—See Bay State Gas Co.
above.—V. 83, p. 1467, 1413.
Butler Bros., Chicago.—Extra Dividend.—The regular
annual dividend of 10% and an extra dividend of 2^%,
it is stated, have been declared, payable Feb. 1.—V. 82,
p.
336.
Chace Mills of Fall River.—Stock Dividend.—The stock¬
holders will vote Feb. 6 on increasing the stock from $900,000
to $1,200,000. the new stock, it is understood, to be dis¬
tributed as a 33 1-3% stock dividend.—V. 82, p. 454.
Collins Co., Hartford, Conn.—New President.—William
Hill, for 25 years connected with the company, has been
elected a director and its President, to succeed the late E. H.
Sears.—V. 81, p. 213.
Commonwealth Steel Co.—New Stock.—This New Jersey
corporation has increased its authorized capital stock from
$1,000,000 to $1,500,000; par of shares $100.—V. 83, p. 1231.
Consolidated Paper & Milling Co., Philadelphia.—Amal¬
gamation.—This company, incorporated last December under
the laws of Maine with $10,000,000 authorized capital stock,
in shares of $5 each, to exploit, it is said, a process for turning
wheat, rice and rye straw into pulp and paper, has offered
to give 300 shares of its stock, total par value $1,500, for
each 100 shares, total par value $10,000, of the $35,000,000
capital stock of the Marsden Co. of Philadelphia. (V. 83,
p. 1293.)
The time for deposits has been extended until
Feb. 9.
A circular says in substance:
The officers of the Consolidated
Paper & Milling Co. are; Richard Law¬
Acting President, and R. II. Rough, Secretary and Treasurer (office.
718 Real Estate Trust Building, Philadelphia), with H. H. Haines of Balti¬
more, R. R. Miller of Camden, Richard G. Oellers and C. M. Moody of Phila¬
delphia, John H. Wanner, C. S. Reardsley, Joseph T. Nevlns and Alexan¬
der H. King of Pittsburgh as directors.
Assets of the Consolidated Paper & Milling Co.—So much of the Marsden
stock as may be deposited; 50,000 shares ($250,000) of 7% preferred stock
and about 450,000 shares ($2,250,000) of common stock of the United Pulp
& Paper Co. of the State of Washington, with Its demonstrating plant at
661 Hudson Street. New York City, and the foreign and South American
rights, representing a cash outlay of over $1,680,000 (the authorized capital
stock of the United Pulp & Paper Co. is $250,000 preferred and $2,750,000
common, par. $5); 425.000 shares ($2,125,000) approximately of treasury
stock ($5 par value) of the Consolidated Paper & Milling Co. as well as
the “national products processes.”
The Consolidated Paper & Milling Co.,
The National Products Processes and the United Pulp & Paper Co. have
no bonds or lloating debts,and. exclusive of the Marsden Co., represent a
total outlay. Including the foreign rights of over $1,680,000 In actual cash.
Upon the plan being declared operative, steps will be taken looking to the
rence,
The gross revenue of this company and its associated telephone companies
for the year 1906, excluding duplications, was approximately $117,000,000.
Cross earnings of this company (Including dividends from as¬
sociated companies) were
$24,428,435
Operating expenses, interest and taxes..
...
...
11,644,969
was
273
construction of mills and the sale of foreign rights and royalties.
Wheat-
growers can also establish their own mills, converting the straw into pulp
for the manufacture of high grades of writing, book and cap paper, paying
royalty of $5 per ton on all pulp
controls the basic patents
-
a
made under
our processes.
The company
[The stock of the said United Pulp & Paper Co., apparently the original
promoter of the process, is said to have sold on the New York curb during
1906 at
prices ranging from 1 to 3 \i, pur $5.—Ed.]
Marsden Company urges the
shareholders of his company not to accept the offer.
Consolidated Rubber Tire Co., New York.—Increased
President Winters of the
Dividend for Incomes.—The directors have declared an
annual dividend of 3% on the $2,850,500 income bonds,
payable April 1, contrasting with 2% in 1906 and 1J^% in
1904 and 1903.—V. 83, p.
Draper
Company,
378.
Hopedale,
Mass.—Dividends.—The
“Boston News Bureau” of Jan. 22 says: “The company paid
full 8% dividends during 1906 on the $2,000,000 preferred
and 12% regular and 5% extra, or 17%, on the $6,000,000
stock, which would indicate net earnings for the
least $1,200,000, which compares with $1,173,276
Compare V. 83, p. 495.
East Liverpool
(0.) Potteries Co.—Dissolution.—The
stockholders on Jan. 16 took steps looking to the dissolution
of the company.
Compare V. 78, p. 1785.
common
year of at
for 1905.”
Edison Portland Cement Co.—Status.—In connection
with the statements about the North American Portland
Cement Co. in V. 84, p.163 and V.83,p. 1416, the following,
from the “Philadelphia News Bureau,”
of Oct. 18 is
interesting:
The Edison Portland Cement Co. Is now earning $50,000 net per month.
The company has been In successful operation only a short period and
these are the first official figures given out.
The present price for future
delivery Is about $1 10 a barrel, exclusive of package.
This Is 50 cents
more than last year’s price, and for some of the companies Is almost all net
profit, as their cost of production Is about 65 or 70 cents.
The present out¬
put of the company’s plants Is about 120,000 barrels per month.
When
the additions now building are completed next spring, Its output will be
about 250,000 barrels a month.
All Its machinery was designed by Thomas
A. Edison and the successful operation of over a year has, It Is claimed,
proved fully equal to the expectations of the inventor and promoters.
The company introduced kilns of 150 feet in length In place of the ordinary
60-foot kilns, and these have run so successfully that In all new plants
kilns of from 110 to 140 feet In length are Installed.
(The foregoing, we
learn under date of Dec. 31, was correct as of date published.
Prices are
now lower than In October, but It is expected will go as high In 1907 as they
did In 1906.
Shipments are also smaller on account of winter weather.—
Ed. “Chronicle.”)—V. 81. p. 616.
THE CHRONICLE
274
about 77 miles southwest of Chicago, where
the Illinois River as supplemented by. the
Empire City Subway Co., New York.—Xew Stock.—This
company, controlled by the New York Telephone Co., has
filed a certificate of an increase of capital stock from $3,500,000 to $5,000,000.
Compare V. 70. p. 208.—V. 78, p. 231.
Equitable Illuminating Gas Light Co. of Philadelphia.—
Output.—The statement of gas sold in the city of Philadel¬
phia for the quarter and twelve months ending Dec. 31, as
tiled with the city authorities, compares as follows:
Cubic fret of f/as
1906.
1 .871 ,4r>r>.730
190.').
1 .900,024 ,480
1
-7,061,291,430
6,812,298.960
6,564,891,9?
§7.061 ,291
§706,129
§6,812,299
§681,230
—
3 mo*, (-inline
12
in os.
Sept. 30
ending Sept. 30.
.
12 mos. gross revenue
Of which elty receives
-V. 83. p. 1101.
-
Fostoria Glass Co., Moundsville,
—A Pittsburgh paper says:
the
price.
1904.
such
a manner as to leave it free to
develop this electrically
whenever it should decide to do so.”
A circular says:
.789,504,4*
§6,564,892
§6.36,489
Capital stock, §700,000.
First mortgage bonds, total Issue limited to
§500,01)0; held in escrow, SJUO.ooO; total bonds outstanding. $300,000.
Earnings for calendar year loot), a* oHlciaily reported: Gross earnings.
§71,830; operating expenses (.including taxes and maintenance. §2.6.75;
net earnings. §49,17.7; interest 011 .§300,000 lirst mortgage bonds. $1,5.000;
it will be seen that the net
surplus over interest requirements. §34.175.
earnings are now nearly three and one-half times the annual Interest 011 this
issue of bonds, and nearly twice the amount’required for both interest and
principal payments.
These earnings are derived from the sale oi' 6,216
hydraulic horse-power under contracts or leases with established manu¬
facturing concerns running for 2.7 years or longer.
In addition, the com
pany has over 4,000 horse-power which it will develop electrically and from
W. Va.—Stock Dividend.
Compare V. 76, p. 657.
Friedman-Shelby Shoe Co., St. Louis.- Xciv Xante—Stock
Increased.—Jacob Friedman having died Aug. 28 1906, the
stockholders of the Friedman Bros. Shoe Co.
which it should receive additional net earnings of at least §75,000.
The
§200,000 bonds reserved may be issued under conservative restrictions for
add'tions. extensions, &c.. in The way of electrical development.
The
bonds offered are issued to refund an issue of $2do,O00, dated March 1 1905.
and to provi le a part of the funds to pay for tin* cost of widening, deepen¬
Jan. 7 voted
on
change the name of the company to the Friedman-Shelby
Shoe Co. and to increase the capital stock from $1,000,000
to $1,250,000.
to
ing and ce nenting the company's race-ways, thereby making the power
available more efficient.
Tite p nver lease* are all with, responsible concern*, which have invested
in their various properties something in excess of $1.500.000.
Prominent
amour these may lie mentioned: Howe & Davidson Paper Mill & Box Co.
A. Friedman is President: 1. Friedman, Vice-President: W. II. Shelby,
Vice-President: Lester Friedman. Secretary; Albert 1. Stix, Treasurer:
L. Longley, director.
Guanajuato (Mex.) Power & Electric Co. -Earnings.—
learnings for Years end inn Oct. 31.
1.904-05
.
.
.
.
r
// .P.Oct.'A 1.
Cross.
Xct.
Hand ltd.
4,513
§250.736
1 79,992
§176.128
1 1.7 ,923
$*7,740
.
3.128
.
Pal..Sur
§98,387
43,986
71 ,937
Total ree’ts lined. §2.7.30.198 from i)Ullioni
§2,791,21.7
.
...
carnimrs
1 Uvidcnds (3%I
.
_
—V. 83,
p.
.
§797.534
655,200
142,334
1170.
1.993,681'
Telephone Co., Omaha.—Incorporated.—
This company was organized on Jan. 16 under the laws of
Nebraska with $5,000,000 of authorized capital stock, of
which $3,500,000 is preferred stock.
Independent
International Time Recording Co., Binghamton, N. Y.—
Re-incorporated.—This company, previously a New Jersey
corporation. 1ms been re-incorporated under the laws of New
York with $2,000,000 eapital stock,-of which $1,075,000 is
and $925,000
7% cumulative preferred, all
Oregon Securities Co.—Sale of Bonds. — A block of $99,000
out¬
Officers—President. Geo. W. I'aireiiild of the Guardian Trust Co., New
York: Vice-President, George E. Green: Treasurer, Harlow E. 'Bundy;
Secretary, A. Ward Ford.
Kerr, Page eSc Cooper are tile company’s coun¬
sel.
Compare V. 83, p. 439.
Pittsburgh Oil & Gas Co.—Earnings.—Earnings for 9
Dec. 31:
months ending
XlncMonths
Gross earnings
outstanding first mortgage 6%
Expenses
10-year sinking fund gold bonds of 1901. aggregating $22,500,
be paid by the Industrial Trust Co.
April 1 1907 at 110 and interest.—
V. 83, p.439.
Kansas City Breweries Co.—First Dividend.—An initial
quarterly dividend of 1%% has been declared on the pre¬
ferred stock, of which $1,460,000 was outstanding at last
accounts, payable April 15 to stockholders of record March
30.—V. 83, p\ 1474.
Kinloch Telephone Co. of St. Louis. —See Suburban Tele¬
phone Co. below.—V. 81. p. 511.
Lord & Taylor- -Common Stork Dividend Increased.—-The.
directors have declared a regular quarterly dividend of 2%
on the common stock, payable May 1.
1 his is an advance'
Net
p.
to
per annum.
1996.
—
1905.
..§1.264,682
829.430
.....
and interest
-
.
...
The increase in
..
§43.7.252
§1.032.878
861,711
Inc. §231.804
Dec.
32,281
I lie. $264.08.7
$345,517, against
§460,775 in 190,7, and the decrease in indebtedness for tliesame period was
§89,734. against an increase in 190.7 of §529.608.
The value of the oil
production for the 9 months in 1906 was §772.791, against §592,148.
V. 83. p. 92.
have been called, and will
of Providence, trustee, on
in the rate from 7r;
been
first mortgage 6c/c sinking fund gold bonds, with October
1906 coupons on, was sold at auction on Jan. 23 by Adrian
H. Muller A Son for $700 for the lot. — V. 84, p. 106.
standing; par$100.
Called Bonds.—All <»f the
have
New York Steam Co.—See New York lee Co. above.—
V. 50, p. 244.
New York Susquehanna & Western Coal Co.—Called
Bonds.—The County Savings Bank A Trust Co. of Scranton,
Pa., will redeem at 110 on March 1 $8,000 lirst mortgage
bonds drawn for the sinking fund. — V. 76, p. 438.
The company has the power to Issue bonds to a total of $3,330.<»<><>. but
its liabilities shall at no time exceed two-thirds of tlie amount of its capital
stock.
Incorporators: U. H. Stow, \V. \V. Ely and B. S. Baker.
Com¬
pare V. 83,p. 14 74.
common
1905
103 and interest at the State Bank of
Chicago on March 1 1907.—V. 80, p. 1733.
Missouri & Kansas Telephone Co.—Dividend Passed.—
The usual quarterly dividend payable Feb. 1, it was under¬
stood, would be passed.
The company has paid dividends
at the rate of 6r(’ yearly, although the same was not earned
in 1905 or 1904 (see report V. 82, p. 1376), and the surplus
has bet'n drawn upon to such an extent as to make further
distributions at present inadvisable.—V. 83, p. 1233.
earnings for the
Balance, surplus..
exps. (incl. impts.
§332,20.7 and property
Oper.
purchase §7,669)
Xet
$200,000 bonds of
Called Bonds.—The
colled for payment at
Compare bond offering V. S3, p. 40.
Homestake Mining Co.—Darning.s.—The
six months ending X<>v. 30 were:
(owned by the National Biscuit Co.
Crescent Paper Mill Co.. Marseilles
Mfg. Co.. Marseilles Wrapping Paper Co.. Consolidated Water & Light
Co.. John F. Clark Mfg. Co., W. D. Boyce Paper & Pulp Mill, &r.
Estimated value otproperiv. of Marseilles Land & Water Power Co.,
$1,000,00.0: value of property pledged as security for power leases. $1,5oo,0')0; total security. §2.509,o:ju.
.
E. if. Hollins A Sons report:
Year
1905-06
the flowagejof
water from the
great Chicago drainage canal
is sufficient to produce
“something oyer 10,000 continuous effective horse-power
at the company's property."
The present development is
entirely hydraulic, water being delivered through headraces
to the company’s tenants, but “it is the intention to enter
into no more long-time contracts for hydraulic power, but
to place the balance not now'under contract (4,000 h.p.) in
A 20% stock dividend was declared .Ian. 22. together with the regular 2%
cash; §116> was hid for the stock prior to the declaration and none to be had
at
[V Ol». LXXX1V.
■
§171.167
investments for the nine months
was
—
Pullman
Company.—Texas RR. Commission Restrained.—
Judge Edward H. Meek of the United States Circuit Court
at Dallas, Tex., on Jan. 26 granted the company a temporary
injunction restraining the Texas Railroad Commission from
enforcing its order, which was to be effective Feb. 1, reduc¬
ing tin' prices for sleeping ear berths from $2 to $1 for upper
and $1 50 for lower berths. ’The hearing was set for Feb.
20.—V. S3, p. 1467.
Revere Rubber Co. of Boston.— Stock Increased.— The
stockholders on Jan. 16 approved the proposition to increase
tilt1 eapital stock from $1,500,000 to $2,000,000.
Stock¬
Compare V. 82,
990.
holders may
20 for every
take, one share of new stock at par until Feb.
three shares held. The offieal notice of the
meeting stated that the increase would be by “a capitaliza¬
to $1,515,000, filed in Missouri on Dec. 5. shows, it is stated.
Assets. $1,098,723; liabilities, $218,399.
New stock full tion of $500,non of the surplus.” Compare V.S4, p. 106..
Rex Carbon Coal Co. -Bonds Offered. —Lawrence Barnum
paid. In December 1902 .when the stock was increased
from $300,000 t<> $500,000. the assets were given as $355,254;
A Co. of New York, Philadelphia and Boston, offer at 103Jo
Par of shares $100.
liabilities, $48,212.
I and interest, by advertisement on another page. $400,000
McCall’s Ferry Power Co.—Proposed Esc <>j Power. -See:j first mortgage 6gold bond* of $1,000 each, tax-exempt
in Pennsylvania, dated Dee. 1 1906. due Dec. 1 1926, but
Lancaster County Hailway A Light Co. under “Railroads’*
subject to call at 106 and interest, under the terms of a sink¬
above.
Interest payable June and Dee. at the New York
ing fund.
Marsden Co. of Philadelphia.—Offer for Stock .—Sec Con¬ office of the bankers named.
Principal payable at the
solidated Paper Milling Co. above.— V. 83, p. 1293.
’Guarantee Title A Trust Co.. Pittsburgh, trustee.
Earnings.
For year ending Dec. 31, including dividends
Bonds authorized. $500,000: common stock, $350,000.
on Dupont stock and other receipts:
of which $300,000 outstanding: preferred stock, $100,000, of
Year
Income.
Optr.cxp.
Xct.
Deprcc'n.&c. BnL.sur.
which $80,000 outstanding.
A circular says in part:
1
§63,006
,,6
§28,{>12
§'34,394
§12.000
§22,394i
—
Louisiana Central Lumber Co., Kansas City.— Xew Stock.
The certificate of increase of capital stock from $1,000,000
’
.
—
j
0.7
V. 83. p.
77.738
_
29,845
47,893
11.678
36,215’
1293.
A sinking fund of 10 cents per ton mined, but not less than §25,000 per
annum, Is provided for the full retirement of the bonds, and under the terms
of the sinking fund the trustee must purchase the company's bonds or call
Marseilles (Ill.) Land & Water Power Co.- Bonds Of feral.
lot at 106 and accrued
Interest.
Devitt, Tremble & Co., Chicago, offer at 101 andIbv Proper/!/.—Tile
company owns .3.200 acres of coal in Brooke County.
;
West Virginia. 35 miles from Pittsburgh, on the "Pittsburgh seam."
The
interest $300,000 first mortgage. 5% serial gold bonds
property is located on the Wabash-Pittsburgh Terminal HR. and Is 3 miles
from the Pittsburgh Cine. Cldc. <Sc St. Louis HR., to which a siding will lie
dated Jan. 1 1907 and due $7,500 semi-annually from July 1
laid when needed.
This gives excellent shipping facilities.
1907 to Jan. 1 1927, both inclusive, but redeemable on any
Earnings.- From Jan. 1 to Sept. 1 1906 (the lirst 8 months of opening*
date
interest
after sixty days’ notice at 103 and interest. there was mined and marketed 69,893 tons run of-inlife coal at a profit ol
It Is conceded by experts that the eomp.'fny will produce between
Denominations $1.000 and $500.e*.
Interest payable July 1l §21,914.
18 million and 22 million tons of coni, and that tlie present work as .ex¬
and Jan. 1 at the State Bank of Chicago, trustee. The com¬ tended will develop its output to 1 .200 tons per day by January 1907 and
to 3,000 tons per day bv January 1908.
On this basis, allowing 250 workpany operates a hydraulic plant located at
—
T
Marseilles, Ill.,
,
Feb. 2
1907.]
the year and 98 cents per ton as the average price
but
making no allowance for the Increase in net protits per
saving in operating expenses on an increased output.
Ing days to
Estimate of
Based on capacity Jan. 1
Cross (1,200 tons per day).
of the coal,
ton due to
Earnings.
Based on Capacity Jan. 1 1908.
.5294,000 jGross (3,000 tons per day)_ .$735,000
1907.
i
Expenses
2O1.000 Expenses
Net...
Interest
593.000
502,500
...
'
$232,500
24,000
:.. 509,000,
..$208,500
(Gen’l .Mgr.) and William \V. Darley
Net
24,0.00 Interest
Surplus
Directors—\V. C: Temple
George E. Turner. William L.
all of Pittsburgh. Pa.
Surplus
(President), Edward ,J.
Dixon
Kent (Vice-Pres.i
Stock.—The
Spinning Co., Boston.—Xew
Rotary Ring
shareholders on Jan. 22 voted to increase the capital stock
from §5,000.000 to $5,700,000.
Of the new stock a part (it
used to reimburse the directors for
patents, and the remainder will be
issued from time to time when required for working capital.
Ac.
The directors feel confident that it is only a question
of a short time when the ring will take the place of the ring'
is said $200,000) will be
the purchase of certain
in
now
use..
Balance Shut.
Assets
Patents
taxfcs
Development, legal
Xoc. 30 1900.
$35,000
$175,923 Bond interest
$08,021 i Balance, surplus
533,021
Compare bond offering V. 81, p. 844, 901.
United Box Board & Paper Co.—Request by Protective Com¬
mittee.—The protective committee (Sidney Mitchell, ('hairEarnings for Year ending
number of circulars explaining its position
the plans of the management to dispose of
American Strawboard Co. to pay the float¬
ing debt, stated to amount to $843,042.
In that under date
of Jan. IS, stockholders are requested to subscribe at 80 for
$957,500 general mortgage 6% bonds of the Box Board Co.
held in the treasury, the proceeds of which, amounting to
$766,000, would, together with tlie 2% dividend recently
paid by the American Strawboard Co. ($90,000), it is figured,
suffice to pay the floating debt.
The committee says:
“At this price you will not only have a good Investment, but will assist
In paying off the present indebtedness and prevent the saerbiee of the
in opposition to
the stock of the
American Strawboard Co. stock, thereby
the property of your company.”—V.
p.
84.
retaining this valuable asset as
104. 107.
United Gas & Electric Co., Bloomsburg, Pa.— ('onsoliilaiion.—This company, incorporated Sept. 29 1906, as a con¬
solidation of th<‘ American Gas Light Co. and the American
Electric Light Co. of Bloomsburg, has increased its
from $130,000 to $300,000, and made a mortgage to
Miners’ Savings Bank of Wilkes-Barre; as trustee, to secure
an issue of $50,000 5 yc gold bonds.
Of the stock authorized. 5200,000 is common and $100,000 is
pre¬
ferred: issued. $53,900 common and $95,900 pref.: par SloO.
The bonds
are dated Sept. 2!) 1906 and are due in 1932. but subject to call after ten years.
Interest payable March and September: denomination. $500; amount out¬
standing. 57.500.
President, E. B. Tusttn: See. and Treas., A. W. Ducy.
United Gas Improvement Co. —Res u Its i n Ph Hadel ph ia. —
stock
the
$5,000,009
20.709 Jos. ijuiney Jr., stk. aect.
25,05!)
.
4,177
1,717 > Accounts-payable
$5,001,410 Capital stock
Stock.—
under date
$131 50
share
St. Louis Portland Cement Co.—Offer to Purchase
G. H. Walker A Co. of $t. Louis issued a letter
of Jan. 25 offering to purchase the stock at
per
for the preferred and $50 per share for
common on con¬
dition that within two weeks thereafter 67% or more
less if the linn elect ) of the'total capital stock
(or
be deposited
Equitable Gas Light Co. of Philadelphia above. — V. 84,
164.
United Pulp & Paper Co.—Amalgamation.
See Consoli¬
dated Paper A Milling Co. above.
United States Indfependent Telephone Co., Rochester,
N. Y.—Offer for Stock and Ronds.—-A circular signed by
Geo. Eastman, Hiram W. Sibley, James S. Watson, Walter
B. Duffy, Thus. W. Finucaue and Edward Bausch, states
that an agreement has been entered into between the holders
of $6,000,000 of the company’s bonds and a trust company
(not named) to take over the entire bond issue* of $13,316,000
at 35, $4,782,200 in stock at 5 and tin* deferred stock (used to
buy the New York Independent Telephone Company’s
Sec
with the St. Louis Trust Co.
Capital stock outstanding $1,850,000, of which $850,000 is preferred.
Par $100.
Bonds outstanding 5450,000.
G. 11. Walker is quoted as say¬
ing that a merger is contemplated with the Union .Sand & Material Co., hav¬
ing •$ 1.500,000 stock, and at present selling agent for the St. Louiscompany ,
to be followed by a consolidation and it reorganization of the Union Co. and
increase in capital stock to represent the acquisition.
Compare V.
an
78. p.
'
man) has issued a
January 1997.
the
«
Gross receipts
Net earnings..
Liabilities ($5,029,835)
($5,029,83(1)
Accounts receivable
—V. 80. p. 1738.
ore;
< li
THE CHRONICLE
p.
1278.
Co.—Successor Company.—
incorporated under the laws of
Texas, with $2,500,000 capital stock, to take over and oper¬
ate the plant of the San Antonio Water Works Co. (V. 82, p.
574). George J. Kobusch is President; C. 11. Surcamp,
San Antonio Water Supply
This company was recently
Vice-President, both of St. Louis, Mo.
Francisco Coke & Gas Co.—Increase of Stock and
Bonds.—The stockholders will vote on March 25 on a propo¬
sition to increase the capital stock from $5,000,000 to $10,000,000 and the. bonded debt from $2,500,000 to $7,500,000.
The proceeds of the new securities, it is reported, will
for extensions to tin* company’s gas works and also to install
franchise) at $1 per share.
I*. San
It is supposed that the trust
of the American Telegraph
been currently reported that
the underwriting in
Bell system, pre¬
the
be used
sumably of t ho issue offered in t his number of t he ‘'Chronicle.’
The assenting securities may be deposited at any time oil
an-electric plant.
Rumors have been current of a proposed
before Fob. 28 and payment is to be made, if the deal goes
consolidation with other interests, but these cannot bo con¬
firmed.—V. 83, j). 327; Y-. 81, p. 731.
through, on March 11. Compare V. 81, p. 1191, 1497,
1798, 1855; V. S3, p; 153, 277, 704, 767, 1175.
San Antonio, Tex., Waterworks Co.—Successor.—See San
United States Reduction & Refining Co.—Xew President.—
Antonio Water Supply C<>. above.—V. 82, p. 574.
J. I). Hawkins, heretofore' General Manager and Chairman
Southern New England (Bell) Telephone Co.—Report.of the Executive Committee, has been elected President.—
Results for the calendar year compare as follows:
company is acting in the interest
A Telephone Co.—indeed it has
th(‘ deal was made conditional upon
Rochester of $4,000,000 of 4% bonds of
or
) 'ear—
1900
1905
.
-A. 11. Lmbler,
Xew Secretary.
chosen Sccrc-tarv
V. 83, p.
AY/.
5351.515
307.500
dross.
51.799.144
1.533.010
-
V. 83, p.
Dies. (0%) BaL.sur
$307,50!)
$44,015
277.500
30,000
1096.
Corporation.—Quarterly Report.—
a preceding page.
Plant, Ac.—Judge Gary is quoted
as saying:
Of the $50.000.000 appropriated In the year 1906 for new construction,
approximately $27,000,000. which remains unspent, was set aside In con¬
nection with the construction of Indiana steel plant at Gary. 1ml.
About
54,750,000 has already been spent In the construction of the Indiana plant.
United
Steel
States
Reports” on
Appropriations for Cary
See “Annual
Treasurer, has been also
M. Tyler, resigned.—
in place of Victor
1233.‘
Manufacturing Co., Pittsburgh, Pa.—
stated last week, the capital stock has
been increased from $5,000,000 to $7,500,000, the increase of
$2,500,000 being in the common stock, the amount being
charged to surplus account.
At the board meeting held on
Standard Sanitary
Stock Dividend.—As
construction in the last quarter
building the Indiana plant.
to finance tire construction
until 1908, at least. We hope to spend
but tills is problematical.
Jan. 24 the new stock was authorized to be issued and a
steel business, and there Is nothing In
steel prices, we will pursue our policy
dividend of 100% in stock was declared on the outstanding
reasonable level.—V. 83. p. 1596.
Of the outstanding stock $2,500,000 is 7%
common shares.
Company (Incorp. in West Va.).—Status. —
lion-cumulative preferred.
Compare V. 81, p. 1379; V. 82. AnWaterbury
authoritative statement says:
p. 338; V. 84, p. 225.
The Waterbury Co., the stock of which Is being dealt in on the Curb, is
Submarine Signal Co.—Xew Treasurer, Ac.—Harry W. a West Virginia holding corporation with a capitalization of $2,500,000 com¬
mon stock, all of which has been Issued.
This company controls absolutely
Anderson, formerly Assistant Cashier of the National Ex¬ the Waterbury Co. of New Jersey (V. 80, p. 1738. 1062); which Is capital¬
at 51.000.000 common stock, all held by the holding company, $500,009
change Bank, has been .elected Treasurer.
It was announced ized
8",, preferred stock and $500,000 6% bonds, of which only 5212,000 are
in August last that the Ended 'States Government had
outstanding.
The XewMersey corporation manufactures rubber insulated
wire. lead encased paper insulated copper cables, high grade steel wire,
adopted the apparatus for its lightships. — V. 82, p. 1160.
wire rope and fibre rope,The net prohts of the operating company for tlie
& Tennessee Coal, Iron & RR. Co.—Listed.—The New York
past eight years have averaged over 5150,000 per year, out of which pa\Stock Exchange has authorized $3,417,200 additional com¬ ments of $12,720 for interest on the bonds and $40,000 per annum on the
preferred stock tuny been made, leaving approximately $100,000 for the
mon stock to be added to the list prior to Aug. 1
1907 on common
stock of the operating company, which is nearly If)";,, and which
official notice that it has been issued and paid for in full, is equal to 4% on the stock of tin* holding company, the amount now being
upon t he stock.
making the total amount to be listed $26,417,200.
The new paid
These profits up to 1906 were made entirely out of the wire, wire rope and
fibre mill.
Within the last year the profits have been increased largely
stock is to be applied to the following purposes:
In 1906 the company manu¬
by t he insulated wire branches of the business.
To reimburse the treasury for amount expended for the purchase of the
factured and sold approximately $2.300,000 worth of its products, an in¬
Birmingham Southern UK., consisting of 105.4 miles or main line, terminal
crease of 60";, over the preceding year’s business.
Preliminary figures in¬
and spur tracks, fully equipped, connecting the several plants of the com¬
dicate that tin* operating company in 1906 earned approximately 20% upon
pany In and about Birmingham. Ala.: and for the construction of a new
its common stock, which Is equal to about 8 % upon the stock of the holding
open-hearth steel plant at Ensley, Ala.: to cost not less than 52.500.000;
companv.
The present earnings are even larger, as the new branches are
the purpose of which is to double the company’s output of steel rails.
being worked to their full capacity, with large orders for several months
ahead.
Earnings.—For the 8 months ending Aug. 31:
A press dispatch from Trenton, stating that the New Jersey company
for current repairs.
intends to increase Its capital stock from 51.300.<)()() to $3,500,000. Is stated
Net earnings from operations over charge
....-.$1,370,5 13
maintenance anil construction ....
5.327 to be Incorrect. The companv contemplates Increasing Its capital by $500.—
..— -----000 preferred stock, which. It Is understood, will be Issued In due time to
Other Income
...
secure additional working capital.—V. 80, p. 1738. 1062.
375.870
$1 .37
Total income
.
.
---- .
553,007
Report of Operating Company for Calendar Year 1906.
Interest on bonds, &e.. ami di\blends on guaranteed securities. .
21 l .209
Gross Income
$2.291.292 ' Dividends paid
$115,044
450,042
Depreciation
Gross profit
$438,456 1 Written ofT-deprec'n
50.000
..
Divs. paid May and August (4% on com. and 8% on pref. stock).
Gen’l & admin, exp
185,721 ;San -Fran. lire loss
27.618
Net Income
...l
...
$154,951
Net
profit
$252,721
\
Balance,
surplus
$60,073
V. 83. p. 14!7. 1294.
—V. 80.p. 1738, 1062.
Topeka (Kan.) Edison Co.—Earnings.—E. IE Rollins
For other Investment Nc«s see page 280.
.
.
.
.
Of tile 515,500.000 appropriated for new
of 1906, about 59.000,000 will be
to
We have already set aside sufficient money
work proposed at Gary. 1ml..
S50.00o.0b0 in new construction this year,
There has been no falling off In the
sight to indicate a reaction.
As to
of keeping prices at a
applied
...
.
r
•
.
.
......
.
.
.
.
....
.
.
—
.
.
-
—
Sons report:
A
_
THE CHRONICLE
276
VOL. LX.XX1V
|
f^gpoirt* and Documents
THE COLORADO &
OFFICIAL STATEMENT
SOUTHERN RAILWAY COMPANY.
TO THE NEW YORK STOCK EXCHANGE IN
AND EXTENSION MORTGAGE FOUR AND
OF THE REFUNDING
A 'em
York, January 14 1907.
Referring to its applications dated May 11 1899, February
28 1901, June. 12 1902, January 12 1903, November 4 1903,
November 1 1904 and March 3 1905, The Colorado A South¬
ern Railway Company hereby makes application for the listing of $10,000,000 of Refunding and Extension Mortgage
said
ten surrendered bonds shall bear the same serial number,then the
$1 ,000 bond Issued in exchange therefor shall hear the same
as the surrendered bonds: if, however, said ten surrendered
do not
all hear the same serial number, then the $1,000 bond issued in exchange
shall hear, preceded by the letter X, a serial
one
time out
surrendered bonds, and not borne by any $1,000 bond at
;
serial number
bonds
of the
number borne by
the
standing: and said bond shall also hear the following endorsement, viz.:
“This bond Is issued in lieu of, and In exchange for. ten bonds of the denomi¬
j
Bonds, bearing interest at the rate of Four and One-half *j
per cent per annum, now issued and outstanding, as follows:
$9,100,000 Coupon Bonds for $1,000 each, numbered from 1 to 9,100
Inclusive.
$900,000 Coupon Bonds for $100 each, numbered 10,001 to 16,900 in- j
elusive, ten of such $100 Coupon Bonds bearing the same serial number, t
followed by one of the ten letters A to J Inclusive (against said $100 Coupon j
Bonds have been reserved $1,000 Coupon Bonds
numbered from 16,001
ing the
interchange of $1,000 Coupon Bonds and $100
issued in tlie course of the interchange
The$l ,ooo Coupon Bonds numbered XI to
Coupon Bonds numbered 16,001 to 16,900
ceded by the letter X.
j
The Refunding and Extension Mortgage
Two) that bonds may be issued as follows:
X9.100 Inclusive, and the $1,000
may
$32,850,000 bonds to retire at par underlying obligations.
4,000.090 bonds for use in retiring underlying obligations (any
surplus to be available for betterments and improve¬
See. 3.
2.7)00,000 bonds lor reimbursement of the treasury of the Railway
Company, and for its general corporate purposes.
15,000,000 bonds for improvements, betterments, new equipment,
etc.. at the cumulative yearly rate, beginning January 1
1905, of $500 per mile of operated or controlled lines.
1,150,000 bonds In respect of the pledge of 6,763 shares of Pre¬
ferred Stock and 10,019 shares Common Stock of Colo¬
ments)
See. 4.
of the listed $ 1.000 Coupon Bonds i
be converted.
Sec. 5.
Refunding and Extension Bonds are issued under a i
Mortgage executed by the Railway Company to Central
Trust Company of New York, as Trustee.
The total author¬
ized issue is $100,000,000.
The Coupon Bonds are dated
May 1 1905, and both Coupon and Registered Bonds are due I
May 1 1935. Principal and interest are payable at the office
The
or
in
of the Railway Company in the City of New York
gold coin of the United States of America, of or equal to
agency
notice.
Central Trust Company of New York, 54 Wall
is agent for the transfer and
All Coupon Bonds are registrable as to
'
rado
i
$10,000,000 Refunding and Extension Bonds, for the
listing of which application is made and all of which have
been sold, have been issued, as provided in Article Two of
the Mortgage, as follows, all securities acquired by the Com¬
pany by the use of any of said bonds having been pledged
with the Trustee under the Refunding and Extension
Mortgage:
The
Coupon Bonds. The $1,000 Coupon Bonds are convertible |
into ten 8100 Coupon Bonds, which^ when assembled in lots |
of $1,000 (irrespective of numbers), are re-convertible into |
$1,000 Coupon Bonds.
J^The following provision, contained in Section 3 of Article j
One of the Refunding and Extension Mortgage, more fully
describes the details for the interchange of $1,000 and $100
Coupon Bonds:
The Coupon Bonds shall be of the denomination of $1,000 each and shall
The Railway
be numbered consecutively from 1 to 100,000 inclusive.
Company, however, in its discretion, may, from time to time, Issue Coupon
Bonds of the denomination of $100 each, which shall be identical in all re
spects. except as to the stated face amount thereof and of the coupons
thereto attached, with the form of Coupon Bond hereinbefore set out.
In
the event of the issue of any Coupon Bonds of the denomination of $100
each, the same serial number shall he borne by ten of such bonds, the serial
number to be Immediately followed in the case of one of such bonds by the
letter A, and in the case of the others of such bonds by the letter B, and
consecutively onwards.
Every Coupon Bond for $100 shall hear thereon
an endorsement substantially to the following elleet:
“This bond, together
nine
other
hearing
with
bonds
the same serial number, hut lettered A to J
consecutively, has been Issued In lieu of, or In exchange for, a Coupon Bond
for $1,000 bearing the same serial number, and, upon its surrender, together
with nine other bonds of the same face amount and hearing the same rate
of Interest, there will he delivered therefor a Coupon Bond for $1,000 hear
lng the same rate of Interest and having a serial number borne hv a bond
for $100 previously Issued."
Whenever any Coupon Bonds shall he issued
originally for $100. there shall he reserved by the Railway Company, un¬
issued, an aggregate fare amount of Coupon Bonds of the denomination of
$1,000, equal to the aggregate face amount of the Coupon Bonds for $100
so Issued and hearing the same serial numbers.
,
Whenever ten Coupon Bonds of the denomination of $100, each hearing
the like rate of Interest and having all unmatured coupons attached thereto, I
shall be surrendered for exchange for a Coupon Bond of $1,000, the Rail¬
way Company shall Issue and the Trustee shall authenticate and deliver a
Coupon Bond of $1,000 denomination, hearing the same rate of interest,
with all unmatured coupon? thereto attached and numbered as follows:
If
*/.
1 and 2. To refund or take up underlying
obligations, viz.: See. 1, Subd. ((>) $1,324,000 Collateral
Under Sections
principal. The
Mortgage also provides for the issue of Registered Bonds.
Registered Bonds are in denominations of $1,000, numbered
Ml upwards; $5,000 numbered VI upwards, and $10,000
numbered XI upwards.
The $1,000 Coupon Bonds may be converted into Regis¬
into $1,000 j
Company.
bonds for the construction or acquisition of additional
lines of railway, terminals and terminal facilities, etc.
(ineluding the cost, not exceeding $2,400,000 bonds In
the aggregate, nor at a rate exceeding $12,000 per mile,
of double-tracking parts of the existing main lines of
the system), and lor the acquisition of the stocks,
securities and indebtedness of other companies owning
lines of railroad, terminals and terminal facilities, etc.
$100,000,000
-
Street, N.Y.,
Registered Bonds re-converted
District Railway Com¬
Springs & Cripple Creek
ment Railway
4 4,500,000
See. 6.
conversion of the bonds.
tered Bonds and
.
pany, 10,706 shares of the stock of Gilpin Tramway
Co. and 993 shares of the stock of Fort Collins Develop¬
j
and fineness, without deduc- j
the Railway Company may j
retain therefrom under any
present or future law of the United States, or of any State,
County or Municipality therein. Interest on said bonds is
payable semi-annually on the first days of November and
May in each year at the office or agency of the Railway Com¬
pany in the City of New York.
The Mortgage provides that
the Refunding and Extension Bonds shall bear interest at
such rates, not exceeding Four and One-half per Cent per
annum,as from time to time shall be fixed and determined
by the Board of Directors of the Railway Company. Pur¬
suant to resolution of the Board, all bonds to list, which appli¬
cation is now made bear interest at Four and One-half per
The entire issue of bonds, but not a part thereof, is
Cent.
subject to redemption at the option of the Railway Company
at a premium of One per Cent and accrued interest on May 1
1908, or any interest day thereafter, on three months’
the present standard of weight
tion for any tax or taxes which
be required to pay thereon or
provides (Article
Sec. 1.
See. 2.
Also —
Registered Bond', into which any
is
responding with the numbers and letters speeHied in the endorsement on
the surrendered bond.
In every ease of exchange of Coupon Bonds the
Trustee shall forthwith cancel the surrendered bond or bonds and coupons,
and, upon demand, shall deliver the same to the Railway Company.
Inclusive,-whether or not pre- j
I
The $loo Coupon Bonds bearing the serial numbers 1 to9,100inclusive:
and bearing any of the letters A to J inclusive, affixed to such serial number, j
The
which
denomination
shall
all
Coupon Bond
Bond
which under the provisions of the Refunding
Mortgage, hereinafter set out in full, govern¬
Coupon Bonds, may be
of listed bonds, viz.:
of
none
present outstanding."
Whenever any Coupon Bond of the
of $1,000, with all unmatured coupons, shall be surrendered for exchange
for Coupon Bonds of the denomination of $100, the Railway Company
issue and the Trustee shall authenticate and deliver, in exchange for such
Coupon Bond for.$1,000, ten Coupon Bonds for $100 each with
unma
tured coupons, bearing the same rate of interest, and. If said
for $l,noo shall not have been previously Issued in exchange for Coupon
Bonds of the denomination of $100, each having a serial number borne by
the Coupon Bond for $1,000 so surrendered, or if said Coupon
for
$1,000 surrendered shall have been previously Issued in exchange for Coupon
Bonds of the denomination of $luo, then having numbers and letters cor¬
at
16,900 Inclusive);
also the bonds
and Extension
bearing the serial numbers and letters
nation of $1()U each,
Gold
to
CONNECTION WITH THE LISTING
ONE-HALF PER CENT BONDS.
Equipment Notes of the Company, which
paid and the underlying equipment obligations
Trust
have been
deposited
<-
Refunding and
and pledged with the Trustee under the
Extension Mortgage: See. 1. Subd. (c), $165,124
ment
obligations of the Railway Company,
85 equip¬
and See. 1.
of Fort
Subd. (e), $185,261 50 equipment obligations
Worth & Denver City Railway Company
,
(The equipment obligations taken up under Subdivisions
(c) and (c) have been deposited and pledged with the Trus¬
tee under the Refunding and Extension Mortgage.)
Under Sec. 3.
For reimbursement of the Company’s treasury
(to meet capital expenditures previously made out of
Income)
Under Sec. 4.
..
_
For betterments and
Improvements'for 1905
$1,827,913 57
1.350,000 00
757,000 00
(new equipment)
Under Sec. 5.
For 6.763 shares Preferred Stock and 10,019
shares Common Stock of Colorado Springs & Cripple Creek
District Railway Co.. 10 706
shares of the stock of
Gilpin Tramway Company
and 993 shares of the stock
1,150,000 00
of
other companies (aggregate par amount approximately
$5,092,702), viz., stock and bonds Trinity & Brazos Valley
Railway Company (mileage approximately 121 2-3 miles):
1,237 additional shares Preferred Stock and 1,972 addi¬
tional shares Common Stock Col. Springs’ & Cripple Creek
District Railway Company; 149 additional shares stock
Gilpin Tramway Company: stock Fort Worth & Denver
City Railway Company
:
4,915,086 43
of Fort Collins Development Railway Company
Under Sec. 6.
For stocks, securities and Indebtedness
-
-
-
$10,000,000 00
The Colorado Springs & Cripple Creek District Railway
Company operates a single track standard-gauge line in Colo¬
rado, from Colorado Springs to the mining district of Cripple
Creek, in all 75 miles.
Capital stock, authorized and issued:
$2,000,000 ($1,200,000 Common; $800,000 Preferred); par
value per share, $100.
Outstanding Mortgage Debt, Oct¬
ober 31 1906: $1,795,000 First Mortgage Five per Cent
Bonds, maturing 1930 (authorized issue $2,000,000); $219,000 Second Mortgage Five per Cent Bonds, maturing 1921
(authorized issue $1,000,000); $1,379,000 First Consolidated
Five per Cent Bonds, maturing 1942 (authorized issue $3,-
600,000).
The Gilpin
Railroad Company* operates a
single-track
various
Hawk
narrow-gauge line (gauge 2 feet) from Black
to
mines in the neighborhood of Central City, Col., in
miles.
Capital Stock, authorized and issued:
value per share, $10.
October 31 1906: $71,000 First
par
all 20
$200,000;
Outstanding Mortgage Debt,
Mortgage Six per Gent Bonds,
maturing 1919 (authorized issue
*The charter of The Gilpin Tramway
1906. all its franchises, property and
$75,000),
Company having expired on July 29
assets have been conveyed to The
Gilpin Railroad Company, a Colorado corporation, all the
of which has been Issued, dollar for dollar. In exchange
The Gilpin Tramway Company.
authorized stock
for the stock of
a
277
THE CHRONICLE
1907.]
Feb. 2
Balance Sheet of The Colorado Springs &
District Railway Company as of October 31
The Fort Collins Development Railway Company operates
line from Fort Collins to Wellington, Col., in all 11
miles.
Cripple Creek
1906:
Assets.
Capital Stock, authorized and issued: SI00,000, par value
per share, $100; no outstanding Mortgage Debt.
Fort Worth & Denver City Railway Company operates in
Texas a line from Texline to Fort Worth, in all about 454
miles.
Capital Stock issued: $9*375,000 (authorized issue
$10,000,000); par value $100 per share. Outstanding Mort¬
gage Debt, October 31 1906 (exclusive of coupons held under
reorganization agreement of October 12 1S95),$8,176,000.
First Mortgage Six per Cent Bonds (authorized issue $25,000
per mile of completed road).
The Trinity & Brazos Valley Railway Company operates
in Texas a line from Cleburne to Mexia, in all about 79 miles,
and has under construction additional lines in Texas from
Mexia to Eureka, and from Teague to Waxahachie, in all
about 225 miles.
Capital Stock: Authorized, $300,000;
issued, $221,000; par value, $100 per share. Outstanding
Mortgage Debt October 31 1906: $4,829,000 First Mortgage
Six per Cent Bonds, maturing 1935 (authorized issue, $30,000
per mile of completed standard-gauge railroad owned).
The Refunding and Extension Mortgage, to which, as pro¬
vided in the by-laws of the Company, the holders of a ma¬
jority of the whole amount of the First Preferred Stock of
the Company have consented, covers the lines of railroad,
franchises and property owned by the Company at the time
of the execution of the Mortgage, subject to the First Mort¬
gage, and all property that may thereafter be acquired by
the Company by the use of the Refunding and Extension
Bonds or the proceeds thereof.
The Mortgage contains, among others, the following pro¬
$0,204,580 42
3,422 46
Construction and equipment
Improvements
Current assets:
$48,540 04
,
9,284 85
Cash
Individuals and companies.Agents and conductors
United States Government..
State of Colorado Certificates of
Bills receivable
Wells, Fargo A Co. Express
11,104 39
Indebt’ness
-
1,286 06
Bank,
National
Account First
Colorado Springs
Coupon
312 43
7,450 59
19.096 35
7,025 00
9,498 37
Other current assets
Material and supplies
Sinking funds account
1 13,09 7 98
44.032 31
23.04 4
Bonds..
First and Second Mortgage
18
$6,148,777 35
Liabilities.
$1,200,000 00
800,000 00 $2 ,000 .000
Capital Stock, Common..
Capital Stock, Preferred
First Mortgage Bonds
Second Mortgage Bonds..
First Consolidated Mortgage
00
1.795,000 00
Current liabilities:
Vouchers and payrolls
219,000 00
1,379,000 00
1
Bonds
44,907 51
4,550 84
'..
'
3,3 93,000 00
Foreign roads
2,486 39
Traffic
items In transit
Coupons unpaid.
Equipment renewal fund
7,025 00
2,633 67
s._
Deferred liabilities:
Construction suspense
Accrued interestAccrued taxes
Accrued sinking funds account
Second Mortgage Bonds
6 1
.663 4 1
280 00
30,574 99
19,100 00
First and
22,495 15
78,450 14
915,003 80
Pro lit and loss
$0,448,777 35
visions:
Unless canceled In accordance with the
provisions of tills Indenture and until so canceled, all underlying securities
delivered to the Trustee shall be held by the Trustee without Impairment of
the lien of such underlying securities, and as additional security under
Balance Sheet of Fort Worth & Denver City Railway
Company as of October 31 Assets.
1906:
this indenture and upon the trusts
Article Four, Sec. 10.—
.
.
.
Cost of road and equipment
Real estate
Stocks and bonds owned..
New equipment
Leased equipment
Article Two. Sec. 1.—
.
.
.
herein declared.
Except as herein otherwise
expressly
provided, the Railway Company will not, unless with the consent of the
Trustee, sanction or permit any Company of whose Capital Stock the
greater part shall be pledged or assigned hereunder to sell or otherwise to
dispose of Its railroad or property, or any part thereof, except to the Rail¬
way Company, or to some other Company of whose Capital Stock the
greater part shall then be owned by the Railway Company and be pledged
hereunder.
...
Income of the Co. for the
Miles operated
Cross earnings
fiscal
(average)
ending June 30 1906:
1,117.74
$7,4.15,851 82
Operating expenses.
..$2,579,040 05
1.402,000 85
$1,170,439 80
Company for the four months
ending Oct. 31
Income
(average
1,134 30
.
.$2,602,246 04
Operating expenses
1,889,450 62
Net earnings from operation
Income from other sources
$802,700 32
9,070 63
Total Income
.-
Less—Fixed charges
Taxes
.
Net income
_
Balance Sheet of the Railway
1906:
Current assets:
Cash
Agents and conductors
.
warrants
advance
$324,602 33
Company as of October 31
obllgations.-$04,891,021
1,290,077
5,009,384
1.374,962
16
81
15
08
.
$1 ,3.12,04 7 07
2,1 10.71 1
9,845,238 73
13.000 00
73
Liabilities.
-
...
replaced.
.
1
Deferred liabilities:
Accrued interest not yet due.
Accrued taxes
Rails released not relaid
.
.
.
5 ,978 74
.$194,030 00
193,704 34
4,092 21
.
277,950 28
,200.268 21
Railway
Assets.
$5,429,040 27
Cost of road and equipment
Current assets:
Cash
$35,580 71
100,244 50
Individuals and companies..'
Agents and conductorsInsurance
5,577 10
1,759 49
paid In advance
Material and supplies
Profit and loss
:
—
143,161 80
23,069 16
..
—
25,615£98
Foreign roads
Interest accrued
Taxes accrued
Vacant equipment
.
i
W
$221 .000 00
4,829,000 00
314,199:39
$103,846 83
2,257
140,904
6,630
2 ,988
.
95
93
00
1 1
250.687182
$5,620 ,887*2 1
Officers.—President, Frank Trumbull; Vice-President,1*A.
Secretary and Treasurer, Jas. Steuart
Dupont Parker;
MacKie.
WW
Chairman; Harry
John J. Emery,
Norman B. Ream,
Walters, Hans
Board of Directors.—Grenville M. Dodge,
Bronner, Henry Budge, Walter S. Crandell,
Edwin Hawley, Henry E. Huntington,
Frank Trumbull, James N. Wallace, Harry
**
M. "Dodge, Chairman;
Edwin Hawley, B. F.
FRANK TRUMBULL, President.
1,419,580 0 8
Railway Co., Trinity
Cripple Creek District
Railway Co., Gilpin Railroad Co., Fort Collins Development Railway Co.,
Denver Cripple Creek A Southwestern Railway Co., Denver Union Depot
A Railway Co.. Pueblo Union Depot A Railroad Co.
Bonds and Equip
ment Obligations — Fort
Worth A Denver City Railway Co. First
Mortgage
Bonds and
Equipment Obligations, Trinity A Brazos
Valley Railway Co. First Mortgage Bonds.
Aggregate face amount
*
Includes: Stocks —Fort Worth A Denver City
& Brazos Valley Railway Co.. Colorado Springs A
.191,820 55
1 .8 11 ,41 2
Profit and loss
Balance Sheet of The Trinity & Brazos Valley
Company as of October 31 1906:
Executive Committee.—Grenville
Hans Winterfeldt,. John J. Emery,
Yoakum (one vacancy).
88,837.05
not yet
1
Profit and loss
Winterfeldt, B. F. Yoakum.
330,991 20
4,741 50
1,504 80
109,752 00
Employees’ deposits
Equipment renewal fund
Rail renewal fund
Insurance on property
$31 ,000,000 00
8,500,000 00
8,500,000 —$48,000,000
00
00
19,402,000 00
13,077,292 92
$852,708 1 1
25.0 11 42
.
Foreign roads
Interest clue
Dividends unpaid
$218,734 00
59,216 28
accrued
9.858,83 8 7 3
$84,601,595 00
...
493,305 42
First Mortgage 6% Bonds.
Notes
Current and deferred liabilities:
Vouchers and payrolls
784,004 00
First Mortgage 4% Bonds.. .
R. & E. Mortgage 4
% Bonds
Current liablllt ies:
Vouchers and payrolls
"...
equipment
Capital Stock..
28,720 00
Capital Stock, Common
Capital Stock, First Preferred.
Capital Stock, Second Preferred
Vacant
13,500 00
71,302 08
5,409 60
•
9,394 57
Ot her assets:
Securities owned*^ (See note In next column).
Pueblo U. I). & RR. Co. sinking fund
$364,091 22
39,001 92
payrolls
Foreign roads
Unpaid coupons.
Rail renewal fund
$5,620,887*21
10.450 80
supplies
Vouchers and
624.000 00
Liabilities.
189,320 78
.
$9,375,000100
8.176.000 00
159,017 28
6% Bonds
Equipment notes
Equipment lease contract
Current liabilities:
First Mortgage
$20,305,601 19
487,870 02
$800,813 00
202,379 70
31,502 10
Individuals and companies
United States Government
$6,835,008 00
2,539,992 00
Capital Stock, Common..
Capital Stock, Stamped..
Tnterest
$812,472 95
and equipment and discount on
Improvements
New equipment.
Advances for construction
.
Material and
3.19,477 22
Taxes accrued
$403,353 34
84,517 28
Cost of road
Iusurance paid In
Hills receivable
973,802 92
Material and supplies.
Deferred liabilities:
Assets.
State and county
$589,313 36
304,669 87
78.050 74
1 .762 95
Liabilities.
$1,103,027 70
238,970 09
.
08
28
42
69
$20,305,001 19
375 140 75
Taxes
Miles operated
Gross earnings
Improvement account
Current assets:
Cash
Individuals and companies
Agents and conductors
Insurance paid In advance.
$2,203,800 00
Total Income.
Less—Fixed charges.
Income of the
1906:
4,860 00
324,334
159,017
791 .240
283,782
5,231,054 02
.
Net earnings from operation..
IncQme from other sources.
Net
year
$17,429,080 58
0.1
1,710,890 11
$84 ,001 .595
00
stocks and securities,
approximately $21,000,000.
,
[Yol. lxxxiv.
THE CHRONICLE.
278
and | or without prefix letter *‘X;” also. Registered Bonds of the
due | denominations of $1,000, $5,000 and $10,000 each, into
1935, Xos. 1 to 9,100 inclusive, for $1,000 each, or Coupon which any of the $1,000 Coupon Bonds may be converted;
Bonds of same denomination
bearing serial numbers XI the total amount of bonds to be listed under this application
to X9,100 inclusive (and Reserved Bonds of $100 each, inter¬
being $10,000,000.
\V M. \V. HEATON.
changeable with the above, and bearing serial numbers 1 to
Chairman.
9,100 inclusive, with affix letters **AV to “J” inclusive; also
Coupon Bonds, Xos. 16,001 to 16,900 inclusive for $100
Adopted by tin1 Governing Committee Jan. 23 1907.
each, bearing affix letters “A" to “.I” inclusive, or Reserved
< 1 EOR(IE \\
ELY Secretary.
Bonds of $1,000 each, Xos. 16.001 to 16,900 inclusive, with
This Committee recommends the listing of Refunding
Extension Four and One-half per Cent Coupon-Bonds,
„
.
,
THE NORTH AMERICAN COMPANY.
SEVENTEENTH A XX UAL REPORT—FOR THE'FISCAL YEAR EXDIXO DECEMBER 31
To the Stockholders oj The Xorth American Company.
On b< half of the Board of Directors, I submit the following
report of the affairs of the Company for the fiscal year ending
December 31 1906,
of the Treasurer.
together with the financial statements
TREASUREICS STATEMENTS.
IJie books, vouchers, securities
have been examined and verified
and cash of the Company
by its auditors, Messrs.
Jones, Caesar, Dickinson, Wilmot tfc Company, Certified
Public Accountants, aYid their certificate is appended.
with
established
precedent,
of the Company have been re¬
the securities and assets
valued as of December 31 1906.
Stocks.—These an* mainly the
stocks of street railway,
companies whose management and
general policy are under the supervision of The North Ameri¬
can Company.
A few shares of stock of the Union Electric
Light <fc Power Company and of tin* Common Stock of The
Laclede Gas Light Company of St. Louis have been pur¬
chased during the year and paid for by the issue of additional
shares of the stock of The North American Company, in
further execution of the authority granted at the Special
Meeting of the Stockholders of the Company held on March
16 1905.
It has also acquired the entire Capital Stock,
namely, $300,000, of the St. Louis County Gas Company.
With these exceptions, there has been no change in the
Company's holdings of stocks since December 31 1905.
Bonds.—These are First Mortgage Bonds of the Union
Light, Heat & Power Company of Covington and Newport,
Kentucky, the residue of an investment made in 1901.
Loans.—These are largely loans to constituent companies
electric
light and
gas
for construction purposes.
Accounts
Receivable.—These
with constituent
are
current
open
accounts
companies.
Liabili ties.
Accounts Payable.—These are unpaid and overdue coupons
and unclaimed dividends of constituent companies, which
are
paid by The North American Company
companies.
as
fiscal agent
for such
INCOME ACCOUNT.
Dividends
Received .— The
Company owns stocks of the
The dividends received during
from stocks of the par value of
$16,743,872 28.
No distribution has yet been made of the
surplus earnings pertaining to the remaining stocks ($27,075,025 00 par value).
The amount of dividends received
during the last fiscal year is less than the amount received
during the fiscal jmar ending December 31 1905 by $233,132 78.
In that year, in addition to the regular established
dividends, paid quarterly or semi-annually, an extra dividend
of $360,000 00 was received.
While the surplus net income of the electric railway, light
and gas companies in which The North' American Company
is interested, for the year 1906. after the payment of all
dividends, was $1,195,066 19 (of which upon distribution
The North American Company would be-entitled to 82.2
per cent), it was deemed best not to distribute any part
thereof, for the reason that the companies are all engaged in
construction and development work, and the financial con¬
ditions prevailing, especially during the last six months of
the year, have not been favorable for t he sale of their interestbearing obligations, which. a> described in the last annual
report, have been created to provide for their capital re¬
quirements.
It will also bo recalled that in the report math* to tie*
Stockholders' meeting, held on .Line 21 1905, it was said that
the purchase of the Common Stock of the United Railways
Company of St. Louis “was made with full recognition of
the fact that large expenditures would be required for the
improvement and development of the property in order fully
to serve the public comfort and convenience and to provide
for tli rapidly increasing traffic, and that the surplus earn¬
ings o er its fixed interest charges and dividends on its Pre¬
ferred Stock ought for several years to be applied to these
par value of $43,SIS,897 28.
the fiscal year wen* derived
are
not, therefore, to
be
Increase in the Value of Assets as Readjusted December 31
1906.—In re-valuing the securities arid assets of the Company
as of December 31
1906, the Board of Directors have been
governed by the conservative precedents established during
the past four years.
Jjosses.—These are amounts charged off on various small
accounts of long standing, or paid in settlement thereof.
PURCHASES OF PROPERTY.
County Gas Company.—This Company
was or¬
ganized for the purpose of supplying gas to the suburban
’Assets.
accordance
Immediate returns
expected.”
St. Louis
BALANCE SHEET.
Valuations.—In
purposes.
1906,
territory surrounding the City of St. Louis, and with power
extend throughout the entire county. This suburban
district contains a number of towns and villages of consider¬
able size, which are likely to have a rapid growth with the
improvement in transportation facilities now in progress and
planned. The demand .for gas had become urgent. To
meet tin* present demand and to lay the foundation for sup¬
plying t he* probable future growth,a system of high-pressure
mains has been laid from points of connection with the
mains of The Laclede Gas Light Company at the city limits
of St. Louis,- to Welston, Clayton, Richmond Heights,
Maplewood, Webster Groves, Luxemburg and University
to
Heights.
Gas is purchased from the Laclede Company, and is
pumped from the stations of that Company at high pressure,
which is reduced by regulating devices attached to the service
pipes of the consumers. By this method service of the most
satisfactory character is supplied, and tin* system admits of
extension to long distances at a comparatively moderate
outlay. The North American'Company subscribed, at par,
for the entire capital stock of the Company, namely, $300,000, and during the past year has paid therefor in cash.
It
is believed that this investment will be of growing value.
St. Louis & Suburban Railway.—The United Railways
Company of St. Louis has purchased all the assets, property
and franchises of the St. Louis <fc Suburban Railway Com¬
pany, and has paid therefor $4,000,000, par value, of its
(the United Railways Company) Preferred Stock out of the
amount held for the benefit of its treasury, which stock,
however, is not to be entitled to dividends until declared
after January 15 1908.
It has also assumed the indebtedness
of the Suburban Company.
The purchase was authorized in August 1906, and was
consummated on December 31 1906.
The United Rail¬
ways Company entered into possession of the property on
January 1 191)7, and the Suburban system is now and will
hereafter be operated as a part of the system of the United
Railways Company. By this purchase, the trackage of the
United Railways Company has been increased 105.82 miles
(41.21 in the City of St. Louis and 64.61 in the County of
St. Louis), which makes its total trackage 456.64 miles
(350.59 miles in the City of St. Louis and 106.05 miles in the
Count-y'of St. Louis); it has-obtained an additionaleast-andwest trunk line running through the best part of the City
and to the business centre; a line built on private right of
way from the city limits half way to the business centre,
two additional crosstown lines and suburban lines, which
extend to the western section of St. Louis County, and con¬
nect all of the important suburban towns and villages.
By the introduction of transfers between the former sys¬
tem <>f the United Railways Company and the lines acquired,
a passenger may travel throughout the City for a single fare,
and all sections of the City are made more accessible to the
residents of the suburban districts.
The two properties can be operated
with greater efficiency
together than separately, and the increase of
transfer privileges and the readjustment of fares and operat¬
ing schedules will greatly serve the public convenience.
The growth of the suburban territory tributary to the pur¬
chased lines will be stimulated.
No doubt is entertained as
to the wisdom of this purchase.
and economy
CONSTRUCTION.
During the year
Milwaukee Electric
affiliated Companies
the offices and administration of The
Railway & Light Company and of its
have been established and concentrated
Feb. 2
in the
station building erected
great office and central car
by the Company in
the heart of the City, named the “Public
Service Buildingwhich was briefly described in the last
annual report.
It is now admirably serving the many offi¬
cial and public uses for which it was designed.
Extensions of the suburban railway system from Pewaukee
distance of 13 miles, and from MusTroy, a distance of 15 miles, are nearing
completion, and will be opened for service in the coming
spring. Important additions have been made to rolling
stock and other equipment, and in general the physical
development of these properties has proceeded systematically
upon long established lines.
The new water-side plant of the Union Electric Light &
Power Company at St. Louis, in the construction of which
many difficult engineering problems and vexatious cielajrs
have been encountered, has been completed, the use of the
old stations (three in number) for generating current has
been discontinued, the distribution system enlarged and
perfected, and the Company is now in position not only to
supply the present demand for electric current, but also"the
probable growth for several years, without further additions
Lake to Oconomowoe, a
kego Center to East
It is impossible to say authoritatively what the
population is, but judging by the usual estimates
made by local authorities of urban growth in the principal
cities within the territory under consideration, St. Louis.
Milwaukee and Detroit, it is probable that it now amounts
to as much as 2,650,000, an increase of approximately 475,000 in about six years.
This would mean an annual increase
in tributary, population of 75,000 more or less.
With the
increase of population, per capita expenditures for transpor¬
tation, gas and electricity naturally tend to increase more
than proportionately.
When, in addition to this, it is con¬
sidered that the saie of gas and electricity is now actively
promoted by progressive commercial methods, that new
uses are constantly arising,and that with the cheapening of
electric current the steam engine is being displaced as the
motive power of industries, it becomes apparent that there
is reason to expect a continued great growth for the prop¬
erties in question, provided the available opportunities for
legitimate expansion are embraced, and the present methods
2,175,000
present
its generating capacity.
The Laclede Gas Light Company has made important ex¬
tensions of its mains and services, and,as already stated in
this report, the St. Louis County Gas Light Company
established a s}\stein of distribution to meet the needs of
suburbs of {St. Louis.
The United Railways Company of St. Louis has constructed
extensive shops, adapted to the construction as well as
has
the
the
repair of cars and their equipment, and has reconstructed,
according to the highest standard, about twenty-five miles
of track, and has otherwise improved its facilities.
The Detroit Edison Company has completed its water-side
generating plant at Delray to its full capacity of 20,000
horse power, and its affiliated operating Companies have
made large extensions of their sub-stations and distribution
systems, and have also made further important acquisitions
and extensions in the territory surrounding Detroit.
D EVE LO PM ENT
particularizing further, it may bo said in general
development of all these properties has proceeded
during the past year on comprehensive lines and in harmony
with the established policy referred to in the last annual
report, and again later in this report.
time as the
in which the
concentrated
has been taken over, plans for their comprehensive and scien¬
tific development have been laid at the earliest practicable
moment.”
The criticism, which especially of late has become so gen¬
erally prevalent in this country upon the. management of
railroads and other public service corporations, freshly em¬
following tabulation of the consolidated or aggregate
earnings, operating expenses, taxes, depreciation, re¬
serves, interest charges and net ineqmo, dividends and sur¬
plus of the principal gas, electric aYuf street railway prop¬
erties, in which The North American Company is interested,
for the year 190(3, as compared with the year 1905, illus¬
trates the growth of their business:
The
19.907,433 31
Gross Earn!ties
9.981.299 92
Expenses
Operating
8
Net Earns, from Opera’n 9 ,9 26 .133 39
Taxes and Annual Charg’s 1 ,226. 758 74
Depreciation and Reconstruct ion
Income from Opera’ll
Miscellaneous Income.
.
Interest
paid and accrued
Surplus
applicable to
Dividends
Pref. Stock Dhid’ds
Surplus
for
available
.
*
6
.132 .56 1 98
4 .828 .335 79
6
3 .304, ,226 !
1 .04 4 .160 00
.
paid
CommonStock.
Com. Stock Divid’ds paid
Net
7 .830 .371 91
302 .190 07
.
By order of the
Newark, N. J., January 23
.663 .520 •r>7
273 .818 90
17.51
10.36
.195,222 51
486,161 96
17.23
r> .*)
27.32
1
709.060 s r>
*270.000 00
45.07
*20.22
.
.'595,,165 64
.044 .160 00
709 .060
-
11.19
YEAR ENDING
1906.
Income Account.
Taxes
Losses
Balance to
09.97
.
DECEMBER 31
Salaries, Legal Expenses.
of Administration
1 ,166,851 34
28.37 1 17
1907.
FOR THE FISCAL
STATEMENT
TH EAST REUS
15.17
05.32
78.844 02
WETMORE,
W.
C.
President.
21
61,995 85
1
Board of Directors.
06.57
790 .158 72
Net Rentals and all
.
.
Undivided Profits
Interest received and
Dividends received
.
. -
...
...
.
...
.
...
.
.
.
other Expenses
-1
accrued.
...
..
..
.
- -
-
.....
Compensation for services. . — ...
Increase In Value of Assets as readjusted
1 .551 ,005 64
1 ,335 .000 00
,066 19
216 .005 64
,
..
...
December 31 1906.
.
Dividends paid
Balance as per
—..
..
Balance Sheet at
—
1905, may be of interest:
1
.
Ji¬
lts
Gas Stoves..
Other Gas Appliances
De¬
December
31
1905.
1 22.031
crease.
18,240
Perc'tnQc
of Inc'se.
14.94
206,812
27.786
10.940
16.16
39.37
580.090
416.790
164,100
39.37
.696.430
370,1 12
17.143
21.81
17.34
30.77
in
s.2 .066.542
1 1 5.996
49,1 rs
1
98.853
37.561
.
1 1,557
The statistics
output
of a
given in these tables
requirements are
for the operation
rated generating capacity
Balance at December
Net Earnings lor the
31 1905
Fiscal Year ending
$2,812,232
2,674,620
December 31 1906
03
99
$5,486,853 02
BALANCE*’
(CONDENSED)
SHEET
31
DECEMBER
159.29 1 66
...
.
.
.
.
1906.
531,641,824 00
..
..
Stocks
...
.
Bonds
-----.
V
...
—
.......
Loans
..
Accounts Receivable
Office Furniture and Miscellaneous Property
Cash
.
...
_.
..
.
.
...
...
...
...
1,603.639
141,729
1
9 13,654
24
57
00
57
$34,460,140 0 4
Liabilities.
Capital Stock Authorized
Less Unissued stock
..$30,000,000 00
208,700 00 $29,791,300
—
Companies
Deposits—Funds of Constituent
Payable..
Dividends unclaimed
Undivided Profits
Accounts
...
.—
—
.
'-
-
..
— -
constitute perhaps the
important element of the basis upon which estimates
valuP of these properties must rest. Such esti¬
mates will be more or less sanguine, dependent upon the
views that each observer may entertain as to the probability
r»f continued growth in population and wealth of the munici¬
palities and territory served, and as to the effect
most
of the future
of the
governmental policies that are now developing.
The population directly tributary to the properties under
consideration, and to the extensions now making and in
contemplation, by the Census of 1900 was approximately
02
00
.
the customers, whose
tabic, the Companies sell, mainly
(.Vote— In addition to sales to
shown by the foregoing
of electric street railways, the entire
of 13 500 kilowatts.)
04
$5,486,853 02
.
.279.640
1
923.906 99
25.261 3 2
1,721,500 35
3,999,548
December 31 1906
A ssets.
38.726
,486.452
04
$1 .487,305 00
----
979.060 5 5 453.25
respect to the gas and electric companies referred to,
the following tabulation of their total customers and instal¬
lations as of December 31 1906, as compared with Decem¬
Number of Customers..
Electric Lighting In 16-Cai ldie Power Equivalents
Horse Power of Motors...
$2,773,892
$2,773,892
In
December
31 1906.
140,271
43
14
48
99
--
Decrease.
ber 31
$90,064
5,247
3,959
2,674,620
$103,223 38
’
-
.
......
.
Undivided Profits Account.
.260,,066 19
1 ,065 .000 00
*}
I ,195
surplus
In view of the evidences of growing demand that
have been presented, we feel that there should be no hesita¬
tion in continuing this policy of development,
lined.
615,936 49
1 .307 .69 1
.6 1 8 ,442 IS
.937 .339 47
4 ,342 ,173 83
8
Total Net Income
S
Of iIncr'se.
10.69
.923.627 70
and importance of the policy thus out¬
phasizes the wisdom
.
869 ,002 74
Reserves.
Increase. Percentaar
1 ,164. 762 89
.
of this policy from time to
“In pursuance
gross
1
that the
management of the public service corporations
investments of the Company are so
largely
GROWTH OF BUSINESS.
1905.
J
17 .983,,805 61
9 .365. 363 4 3
said:
policy which should govern the administration of public
utilities, if they are5to be stable and uniformly profitable in¬
vestments, is to develop their facilities so that they may foe
adequate not only to meet the present demands of the com¬
munities in which they operate with service of the highest
standard, but also to respond immediately to tin* growth of
such communities and their business,-however rapid it may be.
“Obvious as the wisdom of such a policy may be. it in¬
volves a marked departure from the methods of manage¬
ment formerly prevalent.
Without
1900.
$
PO LIC V.
In the last annual report, under this head, it was
“The. management of your Company believes
that the
•
continue.
of administration
to
•
279
THE CHRONICLE.
1907.]
..
614,892 02
51 ,538 75
2,861 25
3.999.548 02
-
$34,460,140 04
North American
forth above,
either by actual
thereof.
the Board of Directors,
and that the Balance
of the Com-
examined the books ami vouchers of The
and the Balance Sheet and Income Statement set
verified the Securities and cash of the Company,
spectlon or by certificates from the depositaries
Accepting the valuations of the Assets as made by
e hereby certlfv that the Income Account Is correct
leet. in our opinion, represents the true financial condition
tny as of December 31 1906.
JONES. CAESAR. DICKINSON, WILMOT & CO..
Certified Public Accountants.
We
have
jmnanv
id have
54
William Street,
New York.
[VOL. LXXXIV.
THE CHRONICLE.
280
Victor Fuel Co.,
Denver,pCol.—Earnings.—For half-year
The ©oturnercuxl Tunes,
ending Dec. 31:
Half-
Gross
Earnlnos.
Xel
.Vet
Ini. tfc
Taxes.
Dcpr'n,
$72,143
$07,085
51.018
Bal.,
Surp.
$188,223
140,355
COMMERCIAL EPITOME.
Friday Night, Feb. i 1907.
The total coal mined during the six months in 1900 was
No noteworthy change has occurred in the business situa¬
839,518 tons, an increase of 133,110 tons. Total coke pro¬ tion, the record being one of enormous transactions at
duced, 41,038 tons, a decrease—of 7,105 tons. Compare generally firm prices, with the country’s facilities in the
bond offering in V. 82, p. 1210. — V. 83, p. 103.
shape of transportation, labor and money subjected to the
most exacting tests which have been applied to them for
Wheeling Mold & Foundry Co.—Stock Dividend.—A
The activity, moreover, is still along strictly
many
years.
stock dividend of 33 1-3% was declared on Jan. 24, raising
legitimate
lines,
speculation being in abeyance.
the outstanding stock from 8300,000 to 8400,000.
As re¬
LARD on the spot has advanced, owing to a rise in the
cently stated, the regular quarterly cash dividend and an ex¬ future
market, moderate receipts of hogs at rising prices
tra 1 % were also paid.—V. 84, p. iOS.
and light offerings.
Trade has been dull at the advance.
Zehner Bros.’ Packing Co., Toledo.—New Stock—Dividend.
City is. quoted at 9I4@9^c. and Western 9.85(5>9.95e.
—The “Toledo Blade” of Jan. 8 said:
Refined lard has advanced on the Continent, while other grades
On account of the lan-e Increase of tlie business, due to the erection of a
have been steady.
New business has been quiet, but there
Year.
1906
1905
51,193.17.'!
970,003
Earns.
5278,004
200,130
Inc.
$49,447
40,850
55.613
&c.
packing plant In Toledo, it was decided at the stockholders’ meeting to
increase the capital stock from $200,ono to $400,000.
Subscriptions may
be made at the Dollar Sav ings Hank & Trust Co. or at the office of the com¬
pany in West Toledo.
A dividend of 0% was paid Jan. 15 out of the earn¬
ings of the past year.—V. 83, p. 102.
have been liberal deliveries on old sales.
Refined Continent
10.25c*., South America 10.75c. and Brazil in kegs 11.75c.
The market for lard futures at the West has advanced
sharply despite heavy realizing sales at times. The bullish
receipts of live hogs, rising hog
prices, manipulation by packers, commission house buying
and covering of shorts.factors have been moderate
—The Liverpool & London <fe Globe Insurance Co. issued
yesterday the 59th Annual Statement of its United States
Branch for the calendar year 1906.
It shows total assets of
$12,335,961, which include real estate amounting to $1,851,697, 1J. S. Government 4% bonds $900,752, State and City
bonds and railroad stocks and bonds $3,578,720, bonds and
mortgages $2,962,950, bank balances and all other assets
$3,041,841. The company reports unearned premiums and
all other liabilities $7,712,310, leaving a surplus of $4,623,651.
The surplus is somewhat smaller than last year, but
the decrease is not as large as might be expected in view of
the fact that the company has paid out fire losses on account
of the San Francisco disaster aggregating $4,522,905.
The
New York directors are Charles H. Marshall, Chairman;
John Crosby Brown, Walter C. Hubbard, John A. Stewart,
Edmund D. Randolph.
Henry W. Eaton, Resident Manager
joint New York accounting firms of Jones, Caesar,
Dickinson, Wilmot <fc Co. and Price, Waterhouse
Co.,
54 William Street, announce that they have established a
branch office at 307 Epler Block, Seattle, Washington.
This new office will be under the general supervision of their
resident partner in San Francisco with John Medlock, C.P.A.,
(who has been associated with them in the East for many
years) as local manager. The concern’s new office in the
city of Mexico is fully established now with a staff of account¬
ants familiar with both American and Mexican accounting
methods and conditions.
The firm’s other offices are located
at Chicago, St. Louis, Pittsburgh, San Francisco, Seattle,
London, England, and Melbourne, Australia.
—The
—The New York
University’s “School of Commerce,9Ac¬
counts and Finance” will hold its fourth
annual dinner in
the grand ball-room at the new Hotel Astor this evening.
The attendance in this department of the University has
increased rapidly in the past two years and the indications
are that the prosperity of the school will be reflected in the
largest and most successful dinner in its history. Among
the speakers will be Chancellor Henry M. MacCraeken, Col.
George Harvey, Elijah W. Sells, of Haskins & Sells, Hon.
Chozo Koike, Japanese Consul-General, Comptroller Herman
A. Metz, Arthur Brisbane, Dean Joseph French Johnson,
Dr. E. S. Meade and George W. Young.
Corporation, Limited, dealers
and Montreal, have prepared
exceedingly interesting and comprehensive review of the
—The Dominion Securities
in investment bonds at Toronto
an
Canadian bond business in 1906.
This review covers both
the general statistics affecting values, and lists of the principal
issues of bonds, railroad, municipal, public service and in¬
dustrial, put out during the twelve
look for
new
months, also the out¬
issues in 1907.
—Hornblower & Weeks
opened
a
branch office February
in the Central Trust Company’s building,
Edward Clifford being Manager.
Mr. Clifford has been a
corporation lawyer in Chicago for several years, having been
1st in
Chicago
identified mainly with the Dawes Gas Company syndicate.
Tin* firm will deal exclusively in high-grade investment
securities.
—J. Bradley Cummings of
New York retired from the
firm of Estabrook A: Co. of New York and Boston on the
1st inst.
On the same date F. Foster Sherburne of Boston
and E. Hunt Allen of New York were admitted as partners
in tin' firm.
firm of Greenebaum Sons, of Chi¬
cago, will soon remove from its old location on Dearborn
Street to the much larger banking room in the Ashland
Block, corner of Clark and Randolph streets.
—The private banking
II. C. Spiller & Co. of Boston
have issued an office
calendar.
It is adorned with a picture of a young woman
of beautiful mien, typifying grace, which makes it more than
—
ordinarily attractive
Hornblower A Weeks are offering the new notes of the
New York Central, the Lake Shore and the Michigan Central.
See advertisement.
—
PRICKS OF LARD FUTURKS IN CHICAGO.
UY2.
Thurs.
fiat.
Mon.
Tues.
Frl.
9.52H 9.65
....
January delivery. .....-9:47H
9.60
9.73
_•
Mav delivery
9.65
9.77 U 9.90
9.75
9.70
9.80
.9.85
July delivery
9.70
0.77 JS
. ...
9.82 H 9.95
DAILY
CLOSING
PORK on the spot has been firm, especially for mess,
owing to the strength of the rest of the provision list. Trade
has been dull and this has militated against any marked
change in quotations. Mess $17 75@$18 50, clear $18@$19
and family $18 50@$19.
Cut meats have been firm with
offerings light and demand fairly active.
Pickled shoulders
8@8^8C., pickled hams ll^@12e. and pickled bellies,
14@ 10 lbs., IOL^IOMc. Tallow has been stronger on
light offerings; City O^e. Stearines have been quiet and
steady; oleo llj^c. and lard 10. Butter has advanced
on
a
shortage of supplies; Creamery extras 32)^@33c.
Cheese has been fairly active and steady; State factory
14^c. Eggs have been quiet and firm; Western firsts 26c.
OIL.—Cottonseed has been nominally firm; prime sum¬
mer yellow 46@47c.
Linseed has been firm, owing to a rise
in seed, but prices have not been quotably changed; trade
has continued dull.
City, raw, American seed, 42(m43c.;
boiled 43@44c.; Calcutta, raw, 70c.
Lard has been quiet
but firmer on the rise in the raw material; prime, 78<3)8()e.
Olive has been quiet but firm; yellow 67®70c. and green
60@62c. Cocoanut has been fairly active and firm: Ceylon
lOcT and Cochin 9%@9J^c. Peanut has been quiet and
steady; yellow 50(5)60c. Cod has been moderately active
and firm; domestic 36@37c.; Newfoundland 38@40c.
COFFEE on the spot has been more active and firm; Rio
No. 7, 7c.; Santos No.'4, 7%@7%c.
West India growths
have been fairly active and steady; fair to good Cucuta
8^(5)9c. The market for future contracts has been irregu¬
In the main the undertone lias
lar within moderate limits.
been firm, influenced by continued moderate receipts at
Rio and Santos, reports of a better spot demand from
interior dealers, an absence of aggressive selling, covering of
shorts and investment buying.
Factors militating against
any
marked advance have been liquidation bv local and
Wall
Street interests and the narrowness of the speculation.
There has been considerable switching from March to Sep¬
tember and December.
Closing prices were as follows:
February.
5.45c. (June
5.70c. | October ... .
5.95c.
March
5.50c. IJuly
5.75c. (November . .
o.ooc.
April
5.55c. J August _
5.80c. |December
6.05c.
May
5.85c. [January
5.60c. iSeptember
6.lo,c.
.
SUGAR.—Raw has been firm with increased
buying by
Centrifugal, 96 degrees test, 3 15-32 (d 3 Lc., mus¬
covado, $9 degrees test, 2 31-32(17 3e., and molasses ,89 degrees
test,2 23-32(&2^c. Refined has been steady;, granulated
4.70c.
New business has been quiet but there have been
liberal deliveries on old orders.
Spices have been dull but
refiners.
j firm
on light supplies. Teas have been quiet and firm. Hops
have been
easy,
owing to the dulness of trade.
PETROLEUM has been active and firm.
A furl her ad¬
vance in quotations is expected in the near future.
Refined ,
barrels 7.75c., bulk 4.40c. and cases 10.25c.
Naphtha has
been active and firm; 73(5)76 degrees 13c. in 100-gallon
drums.
Gasoline has been active and firm; 89 degrees 21c.
in
100-gallon drums.
Spirits of turpentine has been fairly
active
active and firmer at 74c.
Rosin has been moderately
and firmer; common to good strained 84 45.
TOBACCO.—Trade in domestic leaf has been rat her less
active
during the week, but prices in the
main have re¬
mained firm..
A transaction involving 3.000 cases of Wis¬
consin binders was reported, but the sales ns a rule have
Havana has been firm and fairly
been limited to small lots.
active.
Prospects for the new crop are more favorable,
and the indications now poin to a larger* crop than seemed
probable recently.
COPPER has been quiet and easy: lake 25:L'(5 25b2<’d
electrolytic 25(5'25•Jc. Lead has been dull and easier at
6.20(5'6.30c.
Spelter has been quiet and steady at 6%(d
6.80c.
Tin has been dull and steady; Straits 42c.
Iron
has been quiet and steady ; No. 1 Northern 823(5)825; No. 2
Southern $22 25(a $24 50.
rial
THE CHRONICLE
Feb. 2 190 7. J
Shipboard, Not Cleared for—
On
COTTON.
Friday Night, February 1 1907.
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
305,290 bales, against 294,162 bales last week and 339,479
bales the previous week, making the total receipts since
the 1st of September
bales for the same
since Sept. 1 1906 of
Galveston _•
Port Artnur
24 .291
19,418
.
Tues.
Mon.
Sat.
33,710
-i
22,4 47
6,595
15,284
13,923
1 .836
14,718
1.135
17,042
824
-
Corp. Christ!, &c
New Orleans
1 1
.460
18.314]
552
938,
Mobile
9,837
Pensacola
Savannah
.
5
_
_
5.771
50
ioo
5,584)
5,525
3,693
6,283
34,736
4 13
7-3
85,
1 10
1 16
4 .208
607
4,208
2,054
Wilmington
1.105
Norfolk
1 .079
_
a
5,298
! .664
1 ,582
13,335
tS 7
667
304
2.646
32,261
48.663
50,591
14,157
21,635
75,232
34,973
35,605
28,585
26,852
42.395 268.893
9
9 9
| 132.197
16,324 157,634
888.878
781,812
623,840
44,160
9
in¬
decline in the options for the present
This.was due to an increased demand from spinners,
apparently for the most part from those of Continental
at
times in the face of a
crop.
1
1 .510
4.373
837
65,070
20,438
8,900
the
March contracts having a par¬
ticularly noticeable effect on that month. On the other
hand, however, the next crop months, especially October,
have shown noteworthy firmness, advancing rather sharply
350
7.7 66
.
3.900
2,000
Speculation in cotton for future delivery has latterly
of prices for the options of
.234
7,005
9,837
,885
Brunswick
Charleston
Georgetown
20,000
108,193
1 1,946
29,529
26,356
130,277
22,893
creased, but at the expense
present crop, liquidation of
5
81
1 ,720
.
i
2,200
10,000
6,000
Total 1907..
Total 1906..
Total 1905..
19.080 134.239
6 ,59
1
...
200'
Jacksonville, Arc.
.000
2,000
1
1 ,800
258 813
1,500
15,200
1,200
20,438
9,000
1,700
3,300
300,871
Total.
Frl.
Thurs.
Wed.
i
19 663
1,500
Charleston
Mobile
Norfolk
New York
Other ports
Leaving
stock.
Total.
443
50,043
17,1 14 139,812
12,400
1,700
10,042
13,147
30,185
10,700
Savannah
1,542,105 bales.
Foreign
man y.
19,032
26 ,859
45,991
Coast¬
wise.
Other
Ger¬
France
7,979
New Orleans..
Galveston
1906, 7,274,551 bales, against 5,732,446
period of 1905-06, showing an increase
i
Great
Britain.
Feb. 1 at —
Domestic mills have also, it appears, bought
buying has been attributed
269
2.957
129
7 5 6.
752
365}
of cotton early in the season
1 ,564
1,568
106 .is
61
91
apt to be better than it is later on, and also to the fact
Philadelphia
—aij
that mills are sold ahead for many months to come and are
n
r
305,290
40.462
53,255
61,4
22
50,593
Totals this week
j
55,822}
supposed to deem it advisable to provide for future supplies.
Apart from this, most of the influences have been of a de¬
The following shows the week’s total receipts, the total
pressing character. They include, first and foremost, the
since Sept. I 1906, and the stocks to-night, compared with enormous
receipts both at the ports and the interior towns;
last year:
second, the persistent dulness of the speculation; and, third,
a certain sympathy with depression in the stock market.
Stock.
190 5-06.
1906-07.
Moreover, in the estimation of not a few, the hostile criticism
to
Receipts
This
Since Sep
Since Sep
This
Fib. l.
in various parts of the South of the present system of trading
1906.
1907.
1
1905.
week.
1 1906.
week.
in futures, which may possibly take the form of adverse
137.868
398.625
49,046 1 ,923,737
2,849,777
134.239
Galveston.
legislation in some of the States, has also had a greater or less
83,449
98,835
6,595
Port Arthur
1 ,353
30,014
tendency to force prices to a lower basis. So has the increase
28,172
Corpus Christ!, &e
35 1.514
320,797
37.8 25 1 .044 866
81 ,234 1 .690.816
in the world’s visible supply.
New Orleans
Prices have latterly reached
42,909
191
44.729
.840
4.420
21 1 ,306
7,005
Mobile
lowest
witnessed
during
the
level
the present season. Op¬
107,510
98,325
9,837
Pensacola. '.
1 I .870
307
350
5,872
Jacksonville, Arc.
posed
to
any
declining
tendency
and
acting as a sort of break
84,782
120,593
34,736 1 ,206,545 14,876 1,149,020
Savannah.
13.274
12,105
139,903
1 .627
upon it have been such factors as the continued firmness of
129,003
4,208
Brunswick
1,988:
,585
1
.
X’port News, Arc.
New York
Boston
Baltimore
.
Europe.
1 .582
1 86
ion
686
.
October to some extent.
Such
both to the fact that the quality
.
—
!
I
spot markets, which are still far above the level or
quotations
for futures, the brisk and persistent demand
5.298
Wilmington
46.794
the actual cotton, especially for the higher grades, though of
1 3,335
Norfolk.
3,701
672
14.379
1,582
Newp wtNews,Ate.
late even the lower qualities have been more readily salable,
206.739
2.001
139,177
62
186
13,054
New York
6,727
8,806
996
48,348
and favorable reports in regard to the cotton goods business.
41,554
2,957
Boston
12.631
7.391
984
48,614
34,845
1,568
Baltimore.
In a word, the evidences of a large consumption have still
1 ,265
2,195
131
3,772
106
4,275
Philadelphia
seemed clear.
The exceptional firmness of the next crop
it:
914,009
305,290 7,274,551 121,793 5,732,446 1,157 771
months is regarded as one indication of this.
i* • Total
Those options,
it is worthy of note, have shown an advancing tendency,
► *.Yote.— Kecelpts since Sept. 1 1906 corrected uy deducting 3,mil nates at
despite the very general belief that the next acreage will
New Orleans and 44,213 bales at Savannah.
Spot interests have been buying
In order that comparison may be made with other years» considerably increased.
March]
July. A good deal of arbitrage
but
selling
May
and
we give below the totals at leading ports for six seasons:
business has been liquidated by buying here against sales in
1902.
1903.
1904.
New Orleans and Liverpool, the liquidation of such straddles
1905.
1906.
1907.
Re Clip's at
at
greatly widened differences having proved very profitable
35,838
54
67,217
,502
37,020
50,399
14 0.834
Galveston, Are.
30.294
61 .961
To-dav prices were irregular, closing at a decline for the
54,773
52,845
37,825
81 .234
New Orleans.
5,815
3,520
4 ,285
4.837
4 .420
7,005
of 21 to 28 points on this crop and practically unchanged on
Mobile
16,844
26,519
19.265
16,768
14,876
34,736
Savannah
3,379
1 ,490
the next. crop.
1.115
1
Spinners at home and abroad continued to
.138
882
2 .054
Charleston,&e
3,813
4,743
1 .481
5,160
2,658
5,298
Wilmlng’n .Arc
buy
the
next
crop
months, and at one time they were slightly
7,249
9,379
8,833
6,813
5,954
1 3 ,335
Norfolk
1 .362
768
349
688
caused a subsequent reaction. Spot
higher.
Liquidation
672
1 ,582
N’port N., Arc
16,155
15,397
6,696
17,257
4,107
cotton has been rather more active.
Middling uplands elosed
19,212
All others
at 11c., showing no change for the week.
193.289
118,354
J
140.223
53,602
121
.793
395.290
Total thiswk.
The rates on and ofT middling, as established Nov. 21 1906
jl a rr i7,274
,551 5,732,4 46 6.641,427 0,1 11 ,670 6,021.507
Since Sept. 1.
by the Revision Committee, at which grades other
middling may bo delivered on contract, are as follows:
Strict low mid-.c. 0.14 off Middling tinged-C- 0-12 off
The exports for tlie week, ending this evening reach a Fair
CFully low mid
0.32 off Strict low mid.ting 0.46 off
8tr!ct
mid.
fair...
total of 348,447 bales, of’which 177,805 were to Great Britain,
Low middling
0.50 oft Low mid. tinged. 0.00 off
i.au on
Middling fair
g’d ord. ting 1.25 off
10,936 to France and 159,706 to the rest of the Continent. Barely mid. fair.. 1.25 on Barely low mid... 0.70 ofT Strict,
Fully mid. stained 0.42 off
Strict good mid... 1.00 on Strict good ord... 0.90 off Middling stained..
Below are the exports’for the week and since Sept. 1 1906:
0.50 ofT
O.SS on Fully good ord... 1.07 off
Charleston
2,054
_
Georgetown
.
.
_
..
124,968
1 ,063
282.003
431,154
22,984
822
60
148.949
2,658
5,954
280,444
502,862
13,446
34,841
8,456
.636
39,779
the
868
fof
1 2
....
.
be
—
week
.
..
;
I
i
than
—
.
Fully good mid.._
Ex piris
j
~
>
Conti-
<!real |
from
^ritain.iFr’ncr.
-
Total.
rent.
00.403' 10.936
Port Arthur
<Jorp.(Jhrfsti,&::
New Orleans.
Mobile
Pensacola
rernamlin.i
Savannah
Brunswick
Charleston
_
1
S0.49S
|
|
10,050|
_
..
...
;
i
...
4.119;
4,
_
...
inn:,-or.
50.150'
'
2,.307|
j
123.159!
55.10l!
29.298}
5.240)
4
....
4.780
IU
47.810
44.440
17.0.37
42.438 124,00s
!
•
v
A|.Jv7l to
the following amounts
named.
j
1907.
Total.
118.170
107.258
100
707.100
97.01)7
18.00.3
272.010
0.104
4.220
207.503
91.2.82
109,525
30.790
5.240
47.810
44.440
17.037
’
.
W:
tlUU VI-
115.153
12.020
49.038
1.855
i
| 71,201 10.309
100
540,320
40,947
18.00.3
104.295
3.797
1.49,8
”
:::::!
40,014
...
.
j
—
....
-----
38,089
.
1
cleared, at the ports
New York
29.19]
79.202
1
090,152 2.179.125
98.835
58.055
1.547
1.547
180.415 1.279.252
4.220
*
7.920
4.400
4.409
309
1 05
350
300
0.000
101,721)
174
3.038
J
;
dUUi llUil
13.405
118.10s; 42.078
177.805 10.930 159.700. 348.447}
Total
us
13.405:
171
..
....
give
28.747
0,709
...
4.2951
Tacoma
Portland, ore
-Pembina
Detroit.. /
-LU
25,910
40.S12] 20.1.32
t
23.595
6.709
_
4.KSS:
Portland, Me..,
a
53.571,'
—
...
San Francisco
Seattle
Tot
*
581.5931211.244
11.277 121.775
8.390
10.050
..1
Philadelphia
..
10.524
40,iso;
;
j
5,l52t
Wilmington..
..
j France.
'
'
Norfolk
Newport New
New York
Boston
Baltimore
63.978 135.317!
0.595
6.595
Continent.
,
1.172.4
_
----
8.3901
....
Ureal
Britain,
*1
1
Galveston
1 1900 to Feb.
Exported to —
| From Sept.
1907.
1
.
2.407.852(050
'
1.855
l
tlllio l v^“l
Good Ordinary
Low Middling ........
dloU
of cotton on shipboard, not
We add similar figures for
.
.
Middling
Good Middling
Middling Fair
GULF.
Good Ordinary
...
..
.....
.
....
Low Middling
Middling
Good Middling
Middling Fair ..
.
...
1.25 off Barely mid.stained 0.78 off
0.30 on Strict low ra. stain 1.50 off
Even Fully 1. m. stained 1.75 off
0.00 off Low mid. stained. 2.00 off
prices for a few of
T ucs.
Wed.
'ThiirB.
9.75
10.50
9.75
10.50
9.75
10.50
1 1.00
1 1 .76
1 1.00
1 1 .76
12.50
12.50
9.75
10.50
1 1.00
1 1 .76
12.50
12.50
9.75
10.50
1 1.00
11.76
12.50
9.75
10.50
1 1.00
11.76
12.50
10.00
10.75
11.25
12.01
12.75
10.00
10.75
13.25
12.01
12.75
10.00
10.75
1 1.25
12.01
12.75
10.00
10.75
1 1 .25
12.01
12.75
10.00
10.75
11.25
12.01
12.75
10.00
10.75
1 1.25
12.01
12.75
10.50
10.54
1 1.00
9.00
10.50
10.54
1 1.00
9.00
10.50
10.54
11.00
9.00
10.50
9.00
10.50
10.54
1 1 .00
9.00
10.50
10.54
11.00
STAINED.
—
Middling
_
Strict Low Mid. Tinged
Good Middling Tinged ....
...
.
.
.
.
.
1 1.00
1 1.76
10.54
11.00
quotations for middling upland at New York on
the past 32 years have been as follows:
.10.19
Feb. 1 for each of
.
Fri.
Mon.
Low Middling
1907.
1906.
1905
1904.
1903
1902
1901
1 900
the grades for
follows:
Sat.
UPLANDS.
The
705 2,385.051 5.509.008
Good ordinary
Strict g’d mid. tgd.
Good mid. tinged.
Strict mid tinged.
On this basis the "official
the past week would be as
4.555
1,948.035j552,095j 1.055.302 4.150.092
C/U. 1
0.70 on
Good middling
Barely good mid.. 0.57 on
0.38 on
Strict middling
Basis
Middling
,00' 1899.c
.11..35 1 1898
7.,35 | 1897
17. .25 j 1896
9. .05 1 895
1
8.,25 ! 1894
10-.00 1 1 893
8 .12 j 1 892
6.37| 1891_ c.
..
1890
'
ending Feb.
Exported It
*1 Ft7 k
...
.
.
.
.
.
7.31 | 1899
8.25 1 1888.
5.621 1887
8.00' 1886
9.44 ' 1885
7.4 1 188 1
.
.
.
.
.
.
.
.12.00
1 1 .68
.
.
.
...
.
9. ,31 1 1883 c
'
...10, .94 1 1 882..
r.
9 .44!11881..
.10,.69 ! 1 880
.44111879..
9. 19111878..
1 1 .121! 1877
1 0. .75 1876
..
12.88
.
'
.
.
.
.
.
.
9.50
11.06
12.94
13.00
2H2
AT THE INTERIOR
FUTURES.—The highest, lowest
and closing prices at
week have been as follows:
New York the past
G
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v.
3
=
5
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TOWNS the movement—that is,
Uk*
receipts for the week and since Sept. 1, the shipments
to-night, and the same items for
the corresponding period for the previous year—is set out
for the week and the stocks
1
in detail below.
s
n’Tj | rrjc
7q ^
^
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[VOJL. lXXXIV
THE CHRONICLE
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11)07.
888.000
1 0.000
1 ,187,000
05,000
58,000
1906.
10,000
1905.
960,000
625,000
1 3,000
47,000
71 ,000
1 1 .000
1 1,000
,020,000
15,000
413,000
413,000
403,000
1*38,000
3,000
263,000
161 ,000
3,000
10,000
120,000
1 3,000
77,000
1,000
2 .000
3,000
.37,000
43,000
3.000
782,000
669,000
1
..
1
,689,000
—
-ibo VVi 33to
—
11V* 0i\s
0
c*— Vj obc
80,000
508,000
39,000
198.000
417,000
781 .474
674,374
34.687
4- o
— 4- to 13 03 4- 00 0 33 no *-03 30 H 0-4 -13-4 03
l'i O -4 1' -4 10 30 l'i 4— O 1' -4 -4 O O Ic O O 4- fO O
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w.
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to
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to
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00 to O 10 13
IC-llCOtO
—
4-000
10 ———
-44- 30 O4--4
— O 3c 4-O •
— — I'lOlsOOC'
—4-OO30 3COO — 4-13 11004-to O'
—*
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——
to o n n
‘5"
c
,
be o5* V
430 3c IS
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to
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'
The above totals show that the interior stocks have deereased during the week 25,465 bales, and are to-night
75,740 bales less than at the same period last year.
The
receipts at all the towns have been 110,698 bales
10,000
the
same
more
than
week last year.
OVERLAND MOVEMENT FOR THE WEEK AND
SINCE SEPT. 1,—We give below a statement showing
the overland movement for the week and since Sept. 1,
as made up from telegraphic reports Friday night.
The
results for the week and since Sept. 1 in the last two years
are as follows:
706,000
7.000
407,000
4,000
226,000
2,000
62,000
38,000
2,000
February 1
748,000
1
i3
-
— — O — — 4-04— I'll'lCtOOc
CO 1'I 03 — IS -J to 1C 4- O 4- 10
tooo O-.-l OOO O 04* 030 13-4 —Olcto 03011 II 10 II OO 04-tc —-44-0 —
00 O 4-O to — — 30 1
00 — 0013 toll'
li O O to Co li -11
1904.
4,000
is
fill— O—
! 0*0
z
o
.454,000
186,000
51 5,000
Via
Via
Via
Via
Via
43,000
235,000
337,000
733,696
424,342
48,713
_
Cairo
Rock Island
Louisville
Cincinnati
other routes,
1905-06
Space
1906-07——
Since
—
.
.
Total gross overland
Deduct shipments—
Overland to X. Y.. Boston, &0..
Between Interior towns.
Sept. 1.
7.315
495.576
147,575
2,688
49,688
48,308
19,465
3 1.187
247.521
66,946
1
1,484
93.728
30,071
25.907
7.259
149.700
958
.
TVYefc.
12,816
9,235
1.439
4,987
1,714
5,062
,013,855
4,817
.
.
Inland, &c\, from South
Week.
-
Sept A
.
281.138
137,933
39,806
59,470
37.744
157.262
35,253
704.353
2,173
102,735
10.389
22,398
315
1 ,384
—
Liverpool stock
Manchester stock
Continental stock
..bales.
_.
......
.
_
American afloat 1'orEurope
U.S. port stocks.
U. S. interior stocks
U. S. exports to-day
.
Total American
Fast I nil I an. Bra'll, Ac.—
Liverpool stock
London stock
Manchester stock
Continental stock
India afloat for Europe..
.
.
705,000 1 ,046,000
48,000
50,ooo
734,000
754,000
415,000
808,107
91 1,009
1,157,771
71 1 .634
635,804
74,71 1
17,395
.
...
03.000
if),ooo
15,000
54,000
163,000
60,000
Egypt, Brazil, &e., afloat
Stock in Alexandria, Egypt
237,000
Stock in
502,000
Bombay, India
Total East India, &e
Total American
Total visible supply
Middling Upland. Liverpool
Middling Upland, New York
141,000
10,000
10,000
48,000
207,000
69,000
199,000
840,000
1,143,000 1 ,524 ,000
4.365.483 3,886,038
40.0(H)
626,000
508.000
781 ,4 74
674 ,374
34,867
77,000
] 3,000
7,000
43,000
80,000
39,000
1 98,000
4 17,000
8.75d.
5s s d.
•5 7-10d.
;ive
83,000
1 0,000
1004.
a
10.30(1.
Id.
4 1-1 6d.
been 189,000
.
.
.
.
864.149
59,687
...
3,872
1 3d #f>2-
31,38 1
568.83 1
Including movement by rail to Canada.
The
net
foregoing shows the week’s net overland movement
against 31,882 bales for the week
the season to date the aggregate
overland exhibits an increase overa year ago of 295,318
bales.
-1906-07
186,000
43,000
874.000
934,000
3.547.715 3,042.751
.
has been 59,687 bales,
last year, and that for
8,000
32,000
235,000
337,000
....
Leaving total net ovcrlantb/.
424.342
48.713
Sight and Spinners'
7'akings.
Receipts at ports to Feb. 1. .*
Net overland to Feb. 1
Southern consumption to
.
Feb. 1
Total marketed
Interior stocks in excess
North,
7Vsd.
7 'id.
a
bales.
.
ir eek.
...305 .290
59,,687
47,,500
864.149
1,035,000
4 1 2 .477 9,173,700
(i25 4 6 5
539,618
199 .174
a 8 ,480
-.
.
spinners’ takings to Feb.
Si no
iv eek.
121 ,793
31,,381
46.,000
.
...
Came into sight during week..
Total In sight Feb. 1
-1905-06
sin ci
In
9.73d.
figures for 1007 show a decrease from last week
of 43,787 bales, again of OS,445 bales over 1006, an ex¬
cess of 1,086,768 bales over 1905
and a gain of 1,531,732
over
Tot.il to be deducted
542,000
63,000
716.000
515,000
773,696
5,508,483 5,4 10.038 4,421.715 3,976,751
5.99 d.
3.97(1.
7.82(1.
5.87d.
11.45c.
1 5,50c.
7.60c*.
ll.ooc.
7 1-16d.
10 ' AJ.
.10 ll-16d. 8 13-1 fid.
Egypt, Good Brown, Liverpool
Peruvian .Hough Good. Liverpool
9.65d.
Broach, Fine, Liverpool
5 ll-10d.
Tinnevelly, Good, L'verpool
5 ,+jd.
The above
883,000
4.365,483 3 886.038 3,547,715 3,042.751
.
©
i
Total visible supply
5,508.483 5,410,038 4,421,715 3,976.751
Of the above, totals of American and oth er descriptions are as follows:
bales
—
n to 0 os
—"— "tobo — — 4--To to o to"—
y o to
o o is 4- 30 ic o 00 o001-*oe — o noc 4*'— o — —4 oc o -1 c 4- n 10 y
tooriCooooi30->j — — otooooistoiic-. o ooacoicioioociio
!
.....
America ti
e:to
i00ro04-to0000l4 1'04-0 1'00lclo0003cio0 1' — ;
: O y O 1' 4- O O O C5 O O O -1 — ' * O O ic r: .u — n O ' 0
ic r -1
o
.
.
—11104-
Z
Total European stocks
1,780,000 2,037,000
India cotton alloat for Europe
207,000
163.000
American cotton afloat for Europe
415,000
808,107
Egypt Brazil, &c.,afloat for Europe
69,000
60,000
Stock In Alexandria, Egypt
199,000
237,ooo
Slock in Bombay, India
8
502,000
10,000
Stock In U. S. ports
1,157,771
914,009
Stock In U. S. interior towns....
711 ,634
035,804
U. S. exports to day
17,395
74,711
.
to
w' n —
»-*
1
to —to
—
134-0
Shipped—
..
©
—*©*©*©
4- © 3c 4- to li 0C l'i li 4- —11' to
iii'to’ocs—
_
Havre
Marseilles
Barcelona
at Genoa
at Trieste
ii re © to ts ri ic
—
10
to 1C
iz
Ci 4—
1.255.000
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
.t.
sx
Z Z
; is
-
.
10 — y o :
o to o o
to-night, as made
up by cable and telegraph, is as follows.
Foreign stocks,
as well as the afloat, are this week’s returns, and conse¬
quently all foreign figures are brought down to Thursday
evening. But to make the total the complete figures for
to-night (Friday), we add the item of exports from the
United States, including in it the exports of Friday only.
bales
a
,
L* L’i
1
1
,
THE VISIBLE SUPPLY OF COTTON
.
■? 1
o
to
-
February 1 —
Stock at Liverpool
Stock at London
Stock at Manchester
1C
Vi
tobc
—1
I©
Li
©
1 ©
L'Ll
iz to
4-IJ
L'«
© ©
©©
© ©
©
j
l 4
]
1
J-Iltz
>->
to to 11 cc to 4- © —
-j to *4* oc be j-V. — © Vj Vi 4—
to 10 tO
to — © © © .fc. © Ct © A. 3c © © Ce © .U -1 Oe © — 4- 3c ;
y M — © 10 © © II -11' to
~ IIII© to -I © lo — -1 — — y -1 © ■
CC4-. —4-tc 10
;
©
4-»
i ©
1
Z Z
©©
I
©
©©
i
4-
w.
©I
-I
z>
•
L*.
4—
is
4-
y u j-© — © Vi to ©
~y y
~ © © © cc © C'lCvIStC-?.c ^t © .t. © 4. ©
-vlOCOS
*© be
c
:
M-4
4. li
IJtCtJ
C'JCC'l' I © © do M © © © © M — t J © © C. © ^1 © ©
© J-. "I © — © © ^1
II © II © : > © 00 30 1113 15 1-1 so OS IS •*! to !•! * Cl
© 0C CS -1 H NWicSflc
!
■g,
—
c"©
/•
v:
©
Li
Z
i
!
© ©
©
\z
L5 i;
—
—
2"
y © ic
© ©
O—U
i.
©.
iccc
C
©V
© >—
ijci'-'i-oir.i-
©
1
i
y
©
—‘
L« Ci
.
.
,
.
.387 .012
-
1.
Sep. 1
7,274,551
.
115 ,375
.
576,457
190 ,694
9.713,318
•
Sept. !
,782,446
568,831
!
.620,419
Decrease during week.
—
71 ,81 1
--
Movement into sight in previous years:
’
Week—
1905—Fdl).
1904—Feb.
1903—Feb.
1902—Feb.
4.
6
7
8
Bales.]
Since Sept. 1—
191 ,060| 1904-05—Feb. 4
196,5841 1903-04—Feb. 6
-.240,455! 1902-03— Feb. 7
148,492; 1901-02—Feb. S
Bales.
8.874,312
8,119,378
8,162,317
.5,024,051
Feb. 2
QUOTATIONS FOR MIDDLING COTTON AT OTHER
MARKETS.—Below are the closing quotations of middling
cotton at Southern and other principal cotton markets for
week:
each day of the
3 10.4-28
Middling Cotton on—
Closing Quotations for
llV-fc ending
j Sat’day.
Feb. 1.
_i10
283
THE CHRONICLE
1907.]
1
Monday:, Tuesday. Wed'day. ; Tli ursd'y .j
Friday.
1
j10
11-16 '10 11-16 i10 11-16
10 q
10 9-16
.10 9-16
10 q
10 q
q
10 3-16
10 3-16
110 3-16
10
10
10
10 q
10 1 8
10 >8
10 V
10 Vj
10 >•.;
11.00
1 1.00
1 1.00
of the week, the precipita¬
of an inch. Thermometer
59 and lowest 18.
Mobile,' Alabama.—Heavy rains in the interior latter part
of the week.
Flood stage threatened along the Tombigbee
and its branches.
We have had rain on four days during
the week, the rainfall reaching ninety-live hundredths of
an
inch.
The thermometer has ranged from 34 to 08,
There has been rain on four days
tion being forty-two hundredths
has averaged 35.7, highest being
iio
11-16
10 q
10 q
10 3-10
10 11-16
10 q
averaging 52.
Montgomery, Alabama.—We have had rain on four days
Mobile
110
10 3-16
during the week, to the extent of one inch and nine hun¬
Savannah
10
110
Charleston
; 10
dredths, and the rain still continues.
Average thermometer
110k
ioq
Wilmington. __.10 K *
10 q
10 q
110 Vi
44,
highest
01,
lowest
25.
Norfolk
11.00
11.00
..111 .00
Boston
Madison, Florida.—We have had rain on two days during
10 q
10 q
10 ?4
10 q
J 10 3
: 10 q
Baltimore
1 1.25
11.25
1 1.25
1 1.25
the week, to the extent of fifty hundredths of an inch.
,11.25
Philadelphia -.11 1.25
1
0
10
10 Jg
Vs
Ill
1 1 1
..111
Augusta
The thermometer has averaged 51, ranging from 30 to 07.
10 7-16
10 9-16
! 10 7-16 iio 7-16
10 9-16
..HO 5-1 6
Memphis
10 q
10
10
q
10
q
q
J 10 V
jio q
Augusta, Georgia.—We have had rain on four days during
St. Louis
.110 9'-16 i 10 11-16 10 11-16 10 11-16 10 11-10 j10 11-16
Houston
the week, the rainfall being sixty-eight hundredths of an
10
10
.10
Little Rock
I1"
1
jl°
inch.
The thermometer has ranged from 28 to 05, averag¬
-J0
1
ing 44.
The closing quotations to-day (Friday) at other important
Savannah, Georgia.—We have had rain on four days of
Southern markets were as follows:
the week, the rainfall being fifty-six hundredths of an inch.
Atlanta
10 7-16 ! Montgomery
9 q'| Raleigh
.1oq Average thermometer 51, highest 07 and lowest 31.
Columbus, Ga
10 lA | Nashville
10 q 1 Shreveport
10
Charleston, South Carolina.—There has been rain on four
days during the week, the precipitation reaching
NEW ORLEANS OPTION MARKET.—The highest, hundredths of an inch.
The thermometer has averaged 51,
lowest and closing quotations for leading options in the New
the highest being 00 and the lowest 31.
Orleans cotton market for the past week have been as follows:
Greenwood, South Carolina.—There has been rain on two
days
of the week. The precipitation reaching forty
Sat'day, • Monday: Tuesday,QVcd’day ,\Thursd'y, Friday,
of an inch.
The thermometer has averaged 38, ranging
Jan. 26. ! Jan. 28. Jan. 29. 1 Jan. 30. i J a.n 31.
Feb. 1.
Galveston
New Orleans.
_
—
—
.
9-to
.10 q
10 q
--110 3-16
.
—
_
_
—
.
_
4
—
-
.
io.q
.
- 8
,
....
_.
j
1
.
January—•
10.21 -.26 10.25-.31 10.1 7-. 25
I
10.25-.27| 10.27-. 28
Range
Closing
March—
Range
Closing....
May—
Range
October—
—
an
—1
(a:
10.27
—; 10.28-. 29’ 10.21-.22i 10.10-.11
I
j 10.15
9.91-.98
9.97-.99|
9.99-.06
10.02-.03
j
Firm,
j
Tone—
Steady.
Steady.
Spot
Options
WEATHER
Ba’ly s’y
REPORTS
9.93-.98,
9.94-.95;
--j
9.81-.90; 9.81-.92
9.80-.83!
Steady, j Quiet.
Steady. F Steady.
BY
9.91-.93
Firm.
1
Steady.
9.93-.00
9.93-.94
Quiet.
Steady.
TELEGRAPH .—Reports
lowest 30.
Fort Worth,
Texas.—It has rained on three days of the
inappreciable extent. The thermometer has
averaged 40, ranging from 20 to 72.
Palestine, Texas.—We have had rain on three days during
the week, tlie rainfall reaching fifteen hundredths of an inch.
The thermometer has ranged from 28 to 70, averaging 49.
San Antonio, Texas.—We have had no rain during the
week.
Average thermometer 53, highest 70, lowest 30.
Taylor, Texas.—There has been rain on one day of the
week, the precipitation being six hundredths of an inch.
Thermometer has averaged 48, highest being 74 and lowest
to
an
20.
Shreveport, Louisiana.—Rain has fallen on three days
during the week, the rainfall being twenty-one hundredths
of an inch.
The thermometer has ranged from 27 to 71,
averaging 49.
New Orleans, Louisiana.—Rain has fallen on four days of
the week, the rainfall reaching fifty-eight hundredths of an
inch.
Average thermometer 57.
Leland, Mississippi.—We have had rain during
inch and fifteen hundredths.
to the extent of one
the week,
The ther¬
averaged 41.1, ranging from 20 to 07.
Vicksburg, Mississippi.—We have had rain on three days
during the week, the rainfall being forty-six hundredths of
an
inch.
The thermometer has ranged from 20 to 09,
averaging 48.
mometer has
Arkansas.—Thunderstorm last night and weather
with indications of more rain. It has rained on
three days of the week, the precipitation reaching one inch
and eighty-four hundredths.
The thermometer has ranged
Helena,
warm
now,
from 28 to 57,
averaging 38.
Nashville, Tennessee.—It has rained during the week, the
precipitation reaching eighty-seven hundredths of an inch.
The thermometer has averaged 42, ranging from 14 to 70.
Memphis, Tennessee.—The river is thirty-nine and eight
tenths feet on the gauge and rising.
The stage is now only
three tenths of a foot below extreme high-water mark.
inch.
averaging 42.
highest 58, lowest 22.
The following statement we have also
graph, showing the height of rivers at
at 8 a. m. of the dates given:
Feb. 1
New Orleans
INDIA COTTON
Bombay
.
—
106,00011,061,000
Britain.
Week.
Sept. 1.
117,000 1.231,000
Sept. 1.
889,000-
79,000
*
Since
HTcefc.
Conti¬
nent.
! Great
Since
Since
Week.
j Sept. 1.
For the
Exports from
1904-05.
1905-06.
Since
,
Week,
PORTS.—
Bombay and the shipments from all
and for the^season from Sept. 1 for
follows:
1906-07.
Receipts at—
13.5
26.9
12.4
16.4
29.7
,
MOVEMENT FROM ALL
The receipts of cotton at
India ports for the week
three years have been as
January 31.
Feb. 2 1906.
1907.
39.8
11.0
9.4
47.4
..Above zero of gauge.
.Above zero of gauge.
ShreveportVicksburg
received by tele¬
the points named
18.3
.Above zero of pauge.
Above zero of gauge.
Above zero of gauge.
..
Nashville
general but in the main the precipitation has been moderate,
but from some sections of Alabama rivers are reported near
the flood stage.
The crop movement continues liberal.
Galveston, Texas.—It has rained on one day of the week,
the precipitation reaching one hundredth of an inch.
The
thermometer lias ranged from 38 to 72, averaging 55.
Abilene, Texas.— It has rained on one day of the week,
the rainfall being inappreciable.
Average thermometer 40,
highest 74, lowest 18.
Corpus Christi, Texas.—Rain has fallen on one day of the
week, the rainfall being one hundredth of an inch. The
thermometer has averaged 55, the highest being 74 and the
week
The thermometer has
Charlotte, North Carolina.—Rainfall for the week fortyfive hundredths of an inch.
Average thermometer 38,
fifty-five hundredths of an
ranged from 23 to 07,
Memphis
by telegraph this evening indicate that the weather
favorable during the week. Rain lias been
has been less
Stateburg, South Carolina.—Cloudy and inclement all the
Rain has fallen on three days, the rainfall being
week.
,
10.08-. 18
10.20-.27j 10.23-. 321 10.20-.271 10.05-.20j 10.13-. 15* 10.09-.10
Range
Closnig
us
from 29 to 47.
9.98-.00
9.97 —1
10.12-.24, 10.18-. 26
10.32-.38.j 10.35.42! 10.29-.36j
1 10.19-.20110.23-. 24 10.19 —
10.37-.38j 10.38-.39
I
Range
Closing
to
hundredths
10.23.31 10.27-.35j 10.23-. 30, 10.09-.24 10.06-.19' 10.12-.21
19.03 —
10.30-.31 10.31.32! 10.25-.26 10.13-.1410.18-.19
Closing
July—
k
eighty-live
Total.
September 1.
Conti¬
nent.
Great
Britain.
Total.
•
Bombay—
1906-07
1905-06
1904-05
Calcutta—
1906-07
1905-06
1904-05
Madras—
1906-07.
1905-06....
1904-05.
All others—
1906-07
1905-06
l
1904 -05
_
Total all
.
35,000
38,000
3,000
3,000
26,000
9,000
4,000
4,000
6,000
5,000
...
1
5,000
,000
...
34 3,000
317,000
86,000
95,000
29,000
27,000
9,000
32,000
32,000
9,000
1.000
1 1 ,000
1 .0 )0
23,00(1
12,000
24,000
2,090
12,000
14,000
44 .000
49,000
61 ,000
44,000
3.000
.
...
5,000
6,000
4 ,000
*
'
—
—
512,000
460,000
foregoing, Bombay appears to
show a
2,000
37,000
5,000
39.000
According to the
55,000
40,000
88,000
422.200
147,000
—
1906-07.
1905-06
1901-05.
419,000
404,000
15,000
34,000
33,000
2,000
4 ,000
1
3,000
39,000
44,000
3,000
24.000
38,000
1
5,000
4
162,000
compared with last year in the week’s receipts of
11,000 bales. Exports from all India ports record a loss of
5,000 bales during the week and since Sept. 1 show an
increase of 52,000 bales.
decrease
LIVERPOOL^ COTTON
ordinary general meeting of
EXCHANGE —At an extra¬
the Liverpool Cotton
Associa¬
following resolu¬
tion held on Monday the 28th inst., the
tions were to have been acted upon:
M) That, commencing January 1908, the arrival contract shall be on the
basis of the single month, Instead of the double month, as at present.
(2) That the official quotationthe arrival contract from January 1908
shall be for the single month. Instead of the double month, as at present.
(3) That from October 1907 to January 1908 the nominal or actual value o
each single month shall be officially quoted. In addition to that of thedouble
months during that period.
What action was taken we are as
yet unable to state.
JUTE BUTTS, BAGGING, &c.—The market for jute
bagging has continued dull during the week under review at
unchanged prices, viz.: 8?4c. for 1
standard grades.
Jute butts also
quality.
% lbs. and 9}^c. for 2 lbs.,
dull at 3@4c. for bagging
WORLD’S SUPPLY AND TAKINGS OF COTTON.—
The following brief but comprehensive statement indicates
at
a
glance the world’s supply of cotton for the week and
reached 348,447 bales.
The shipments in detail, as
from mail and telegraphic returns, are as follows:
sight,
of
out
for
like
the
_
Total
2,545,470
7,896,734
1 ,231,000
117,000
1,784,156
_
190,694
0.713,31 8
1,061 ,000
93,000
767,000
117,000
6,000
30,000
11,000
200.000
627,000
Deduct—
.
.
Total takings to Feb. 1
d which American
Of which oih<*r_
5,508,483
....
..
.
.
.
5,508,483 5,410,038
5,410,038
7.250,166
5,649,1 66
1 ,601,009
5561,799
5 131,799
8,100,991
6,245.991
320.465
130.000
1 ,864 ,000
98,000
222,465
To
Cutllbert,
Jan.
173
7
59
20,643
3,318
Jan.
30 —
4,768
...
26
—Delphine
3,875; Inkum, 10,367
Jan. 31—Soperga.
11517
15,866
24—Rlojano, 12,614; Texan,
Jan. 30—Industry
6,644
...Jail.
59,758
31—Polycarp, 6,683
To Manchester—Jan. 23—Glenarm Head, 251.
To Glasgow—Jan 23—Glenarm Head. 394
To Havre—Jan. 26—Masconomo, 10,936
To firemen—Jan. 25—Knight of the Thistle, 17,444
.Jan.
26 — Huttonwood, 9,195
Jan. 30— Chemnitz. 12.776
To Hamburg—Jan. 24—Strathairly, 2,502
Jan. 26—Tri¬
251
394
10,936
.
39,415
dent. 1421.
January and the five months
1906-07.
Gross overland for January
Gross overland for 5 months
Net overland
Net overland
Fort receipts
Fort receipts
1 ,008,015
for .lanuarv
for 5 mouths.
.
i:i .January.
in 5 months
Exports in January
Exports in 5 months'.
258,274
860,403
1 .364,334
7,230,815
1,309,853
5,436,063
1 ,208,608
1,616,944
1.027,000
...
.
._
.....
_
.
...
Fort stocks on January 31
Northern spinners' takings to Feb.
Southern consumption to Feb. 1
Overland to Canada for 5 months (ineluded in net overland)
Burnt North and South In 5 months..
Stock at North, interior markets Feb. 1._
Came in sight during January
Amount ol crop in sight Feb. 1
Came In sight balance of season
Total crop.
Average aross weight of bales.
Average net wciprlit of bales
.
9,490
,751,608
9,660,218
1
.
...
..
1
.
704,363
6,590,434
821,120
5,164,324
841,659
1 ,355,176
898,000
59.229
73.489
2,620
4,406
3,926
916,695
7,844,265 8,803,275
3,475,595 4 753,566
11,319,860 13,556,841
15 245
903,997
513.49
491.06
517.80
..
165,294
1,453
118,332
690,841
83
,004,000
76,704
..
_
.
61,958
695,341
133,934
560,513
620,863
5,701 .752
665,967
4,119,609
927,702
1 ,500,696
1
302,715
bales.
1904-05.
1905-06.
495.30
517.75
495.54
■
■
3,923
To Antwerp—Jail. 24—Bqgdale, 4,786
To Reval—Jan. 23—Glenarm Head, 7,556
To Riga—Jan. 23—Glenarm Head, 390
To Barcelona—Jan. 30—Caprera, 2 679
To Genoa—Jan. 30—Caprera, 5,229
PORT ARTHUR—To Bremen—Jan 29—Meridian, 6,505
MOBILE—To Liverpool—Jan. 25 — Matin, 8,396
Salos of
Market
Closed.
Spot Market
Closed.
Saturday
Monday...
Tuesday
Wednesday
Thursday
Friday..
.
.
..
_.
...
Steady
Steady
Steady
and Contract.
Spot
ConExport sum'n.
Very steady
Steady
Steady
Steady
Steady
Barely steady
Con¬
Range
_
_
Steady
Steady
Steady
...
Total
700
700
1 ,400
200
300
500
2,406
473
2,300
2 ,200
,373
5,500
6,979
—
106
—
106
....
1
2,673
RECEIPTS
AND
.
...
Sylvanla. 390
Jan. 30—Bohemian, 3 234
mi pis
(cantars a)
1904-05.
Export (bales)
This
week.
—
140,000
220,000
4,700,881
140,000
5,755,219
.
Since
Sept. 1.
This
week.
4,312,544
1
1
Since
Sept. 1.
This
week.
j Since
Sept. 1.
S.000 149,619
131.851
7,250 199.907
3,500 67,041
9,500 1139,701
4 ,500
99,455
7,500 170,503
1,250 46,048
5,750 134,795
6,000
77,778
4,500 159,988
1,750 36,759
18,750 548,418
22,750 455,717
18,000 409,320
.
....
1
a
A
eantar
is
lbs.
08
1900-07.
814 lbs. Shirt¬
ings, common
to finest.
32.1 Cop
Twist.
d.
1905-06.
d.
s.
d
s.
d.
Cot’n
Mid
V pi's
d
M lbs. Shirt¬
ings, common
to finest:
8
32s Cop
Twist.
d.
d.
s.
d.
s.
d.
Cot’n
Mid
Li
pi’s
d.
21
28
9 15-16 (3)
0
(3)
Jan.
4
9'4'
(til
9 13-16 Hi,
11
18 9?i
Oh
25 \)\
ID
Feb.
1
9 11-10 0)
10*$ 6
1015 0
8
8
5 69 9 x
«
5 70 8 15-16 (®
9H 6
914 6
5
5
(3)9
107 $ 6
in7i 0
10 7s 6
10 \s 6
5
6
6
6
(3)9
(9)9
(3)9
0)9
8
9
9
9
5.87
15-16(3)
5.96 S7£
(3)
5.86 87s
(3)
5.90 SU
(3)
97*
9*4
9*4
9\x 6
107
6
@9
9
5.87 8 s
9'>$ 6
@9
6.31
6.24
(3)9
6
5
@9
4H
New York
4,888
New Orleans.-.80,498
Galveston
60,403
Port Arthur
Mobile
8,396
Pensacola
10,050
Savannah
5,152
Brunswick
2,500
379
25,411
15.866
10,936 43,338 12,732
7,908
6,595
....
0
SHIPPING NEWS.—As shown
(3)
$
6
6
6
5
(3)9
(3:9
4’A
414
6.23
5(3)
@9
9
4
4V
6.30
6.17
5
(3)9
4V.
5.99
5
5
a
previous
page,
50
...
...
...
...
...
...
...
...
6,769
13 465
...
...
174
4,‘’95
4,119
100
350
...
300
...
....
177.805 10,936 1 18,802
4,460
4,469
..
•
.
174
...
65
...
300
4
■
...
Total.
7,926
121,775
135.317
6,595
8,396
10,050
28,747
6,769
13,465
4
,
16,906 23,774
165
59 348,447
LIVERPOOL.—By cable from Liverpool we have the fol¬
lowing statement of the week’s sales, stocks, &c., at that port:
Sales of the week
..bales
Of which speculators took
Of which exporters took
..
Sales, American
Actual export.
Jan. 11.
Jan. 18.
85,000
3,000
4,000
71,000
2,000
2,000
62,000
.
_
76,000
.
19,000
104,000
.
Forwarded
Total stock —Estimated
.745,000
Of which American—Est.. .643,000
1 19,000
Total import of tlie week
Of which American.
82,000
Amount afloat
Of which American
.418,000
.
Jan. 25.
50,000
4,000
55,000
3,000
5,000
47.000
19,000
102.000
888,000
795,000
187,000
160,000
177 ,000
417,000
2,000
45.000
20,000
112,000
790,000
19,000
106,000
822,000
686,000
177,000
1 38,000
504,000
432,000
738,000
The tone of the Liverpool market
each day of the past week and the
Fell. 1.
156,000
131 .000
461 .000
398,000
for spots and futures
daily closing prices of
spot cotton have been as follows:
Spot.
Market,
]
12:15
P. M.
)
J
Mid.Upl’ds
Sales
Futures.
opened
]
j
Market.
Saturday.
Monday.
Tuesday.
Wed’day.
Thursday.
Friday.
Moderate
Fair
business
doing.
Steady.
Good
demand.
Good
demand.
demand.
demand.
5.90
7,000
500
'5.91
10.000
1,000
Quiet ,unch Steady at
to 1 point
3 0.4 pts.
Good
5.91
5.90
5.87
5.87
S.000
1.000
10,000
1.000
10.000
2,000
10.000
2.000
Dull at
Quiet at
V points 21* points
1
Steady at
5 points
Very Irreg.
V (3)5
at
decline.
advance.
decline.
decline.
decline.
pts. adv.
Firm at
6 0’7 pts.
advance.
6.09
the
exports of cotton from the United States the past week have
on
*
3,495
20,100
100
The exports-to Japan since Sept. 1 have been 109,378
bales from Pacific ports and 10,000 bales from GalvestoM.
Market
8
348,447
Great French Ger- —Oth.Europe— Mer.,
Britain,
North. South. Ac. Japan.,
ports, man//.
Spec.&exp.
Dec.
4
350
300
4
particulars of the foregoing shipments for the week,
arranged in our usual form, are as follows:
.
received by
the market
is!quiet for yarns and firm for shirtings. The demand for
both India and China
is good.
We give the prices
for to-day below and leave those for previous weeks of
this and last year for comparison:
.
The
.
MANCHESTER MARKET.—Our report
cable to-night from Manchester states that
65
4,119
t
......
Total exports
100
.
Total
—
This week
Since Sept. 1.
To Liverpool.
To Manchester
To Continent
To America
1905-06.
200
200
846
* 200
6,769
13,465
174
4,295
To Hamburg—Jan. 24—Bcthanla, 100.
To Yarmouth—Jan. 25—Boston, 65
BALTIMORE—To Liverpool—Jan. 26—Rowanmore, 4,119
To Bremen—Jan. 29—Brandenburg, 350
PHILADELPHIA—To Rotterdam—Jan
19 — Euxina, 300
Philadelphia
1906-07.
2,336
150
400
...
To Stockholm—Jan. 26—Hydra. 200
To Norrkoplng—Jan. 26—Hydra. 200.
To Reval—Jan. 30—Oswestry, 846
To Riga—Jan. 31—Lowther Range 200
BRUNSWICK—To Bremen—Jan. 26—George Fleming, 6 769
WILMINGTON—To Bremen
Jan. 31 — Bertholey, 13,465:
NORFOLK—To Hamburg—Jan 25—Finn, 174
BOSTON—To Liverpool—Jan. 28—Sagamore. 671
Jan. 29—
Portland, Me
Alexandria, Egypt,
January 30.
17,764
Jan. 26—Hydra,
...
Norfolk
Boston
Baltimore
SHIPMENTS.
5,152
1,125
374
300
Wilmington
ALEXANDRIA
_
1,025
To Ghent—Jan. 31—Lowther Range, 374
TO Gothenburg—Jan. 25—Cynthiana. 100
Total.
tract.
7,556
390
2,679
5,229
6,595
8.396
10,050
PENSACOLA—To Liverpool—Jan. 25—E. O. Saltmarsh, 10,050..
Total
F utures
4,786
.
SAVANNAH—To Liverpool—Jan. 31—Christian Nebe 5,052 up¬
land 100 Sea Island
To Bremen—Jan. 26—Hydra, 3,746
Jail. 30—Oswestry,
8,027
Tan. 31—Lowther Range, 5,991
To Hamburg—Jan. 26—Hydra, 2,336...
To Rotterdam—Jan. 25—Cynthiana, 150
To Antwerp—Jan. 25—Cynthiana, 100
Jan. 31—Lowther
PORTLAND, ME.—To Liverpool—Jan. 26—Welshman
MARKET AND SALES AT NEW YORK.
52
l
2,500
loo
26—Schaumberg,
4.349GALVESTON—To Liverpool—Jan.
hiuin'.iffn receipts in Europe from Brazil, Smyrna, West Indies, <Scr.
covering a deduction of 14,213 bales
crop movement for the month of
ended Jan. Ml for three years:
363
372
Skogland, 1,450
b Revision of stork at Savannah
served to swell these totals.
•COTTON CONSUMPTION AND OVERLAND MOVE¬
MENT TO FIRE 1.—Below we present a synopsis of the
4,472
29—Zee-
10,222
Hamburg—Jail.
To Genoa—Jan.
-
a
26—St.
Antwerp—Jan.
Prince,
243,000
.
Visible*.supoly Feb. 3
-
NEW ORLEANS—To Liverpool—Jan. 29—Jamaican. 8,771; Way¬
farer, 20,000
Jail. 30—NIceto, 5 ,000
Jan.31 — Knight
of the Garter, 17,900
Feb. 1—Civilian, 17,000
68,671
To Manchester—Jan. 28—Cuban, 6,827
6,827
To Belfast—Jan. 29—Torr Head 5.000
5,000
To Bremen—Jan. 26—West Point, 10,421
Jan. 31—Tudor
6,070,282 13,618,474 5,730.503 12,660,204
supply.
To Liverpool—Jail. 29—Armenian, 4,427 upland,
Island
Manchester—Jan. 25—Camoens, 313 upland, 50 Sea island.
Hull—Jan. 30—Idaho, 52
London—Jail. 26—Minneapolis, 1
Bremen—Jan. 30—Yorck, 2,500
laud, 199
To Warburg—Jan. 30—C. F. Tletgen, 7
To Japan—Jan. 30 — Erroll, 59
To India—Jan. 19—Marlenfels, 100
Season.
Wok.
5,375,899
Visible supply Jan. 25
5,552,270
Visible supply Sept. 1
American in sight to Feb. 1
387,0 12
106,000
Bombay receipts' to Jan. 31
Other India ship’ts to Jan. 31._
4,000
Alexandria receipts to Jan. 30..
18,000
Other supply to Jan. 3n_«
3,000
To
To
To
To
To
1905-06.
Season.
Week.
made up
45 Sea
periods:
1906-07.
Colton Takings.
Week and Season
YORK
NEW
since Sept. 1, for the last two seasons, from all sources from
which statistics are obtainable; also the takings, or amount
gone
[VOL. LXXX1Y
THE CHRONICLE
284
1
Steady at
Steady at
Steady at
Steady at
Quiet at
4
V
1 (3)2 pts.
j
decline.
14 0.2 pts.
decline.
1 (3)2 pts.
decline.
4 0.5 A
P. M.
2 (3i4 pts.
advance.
The
below.
pts. dec.
prices of futures at Liverpool for each day are given
Prices arc on the basis of Uplands, Good Ordinary
clause, unless otherwise stated.
The prices are
given in pence and lOOfhs.
Thus: 5 54 means 5
Jan. JO
to
12 J£
12 H
p.tn.
Feb. 1.
p.m.
5
5
5
5
5
5
5
January .
Jan.- Feb.
Feb.-Mch.
Mch.-Apr.
Apr.-May
May-June
June-July
July-Aug.
Aug.-Sep.
Sen.-Oct
Oct.-Nov.
0
5
5
5
5
_
Nov.
-
4
12 k
12 k]
4
12 k'
4
12 Jf
4 12 k
p.m. p.m. p.m.
p.m. p.m. p.m. p.m. p.m. p.m. p.m.
!
d.
Dee.
delivery In elevator...
May delivery In elevator
July delivery In elevator
4
d.
d
d.
d.
d.
d.
(1.
154
55
55 >4 54
55 34 56
54
54 k 53
53
55 Fi 54
00
5
4!) Jo;41) 14
50 k 51
51 34 52
50
48
49J4 48
50 H 49
50
-18
47'0 147
48 34 49
47 H 49 34 50
47
1-16J4
48
48 >4
46 y2 48 34 49
47 k 46 >4 45 34
47
47 >2 4 8
45
44
45
143
45
46 K
4 *5 Vo 46
41 3-2 39 k 39 34 38 <£ 38
3714 40
36 34 35 34135
36
36 3-2 38
34
32
1313*
32 >4 33
34
30 >4 33
31
81
31 34 i 3 2
33
32
30
34j
d.
d.
5 1
49
54 t.,
50'4
49
48
4
i
46
4 8 t;
39
36
34
34
firm in the main, though
confined as a rule to small lots.
higher prices, but buyers
have refused to meet their views.
Export trade has con¬
tinued stagnant and the clearances from the seaboard have
been small.
Some, however, are predicting a revival of
business in the near future, as stocks are believed to have be¬
come greatly depleted.
Some of the winter-wheat mills of
the Southwest, it, is stated, have made rather liberal sales
of late, partly for export.
At the spring-wheat centres,
however, trade has continued lifeless.
Rye flour and corn
The
Receipts at
No. 2 red
winter
Finally the
hie¬
May delivery In elevator
July delivery In elevator
DAILY CLOSING
FUTURES IN NF.W YORK.
84' 4
83 k
Tues.
83 ' s
84 k
83 k
IIYd. Thurs.
83 k
88 t,
85
85 k
h-1 */ s
84 k
Fri.
83
84
83
H
H
75
FUTURES IN CHICAGO.
Sat.. Mnn.
Tin s.
Wed. Thurs.
.
74
77 k
78 k
78'4
. .
74 k
shorts/ Liver¬
pool, too, has sent encouraging advices. The crop in Argen¬
tina, it has been reported, has suffered not a little damage
from drought and locusts, and this news has had a bracing
(dfect upon the markets here and at Chicago.
The cash
trade, moreover, has been more active at rising ({notations.
Export bids have been advanced, and it is expected by some
t hat a large export business will be reported in the near hr. ure.
To-day the market weakened under realizing and selling for
and covering of
absence of selling pressure
the
decline,
DAILY
a
reaction in wheat and a lack of support.
CLOSING PRICES OF NO.
Cash corn..
•January delivery In elevator.
May delivery In elevator.-..
•July delivery In elevator ...
2 MIXED CORN IN NEW \
Sat.
..54
.54
.52 k
.52 k
_
.
_
A1 on.
54
54
52 5s
52 k
Tuts.
54
54 J4
53
52 34
Weil. 'Thurs.
r> r> 1 ^
55 to
54 W
53 k
58 k
53'0
53 k
.
89
75
15
10
20
25
75
75
e
f.o.b.561,
f.o.b.52*^
f.o.b.53
Nominal.
Nominal.
.Nominal.
Nominal.
Toledo
1>etroit.
Cleveland...
St. Louis
Beoria
Kansas
OR K.
Fri.
5f»
64.113
169.000,
51,300
15,900!
10.800
City.
408.000]
......
283,734
274,0 40
253.861
Total week
Same \vk. '06
Same wk. ’05
59.5.8 V i
45,000
19S, t('p
480,000
3,8-1.)
36.000
23,665
222.470
54.500
40,500
100,216
705.600
151.500
117.000
223,260
128,000
55,614
93,042
969.100
410,460
272,000
36.0001
7.273!
2,000
1.980
3,528,346!
4.010.898
3,299,758]
-!
7,736
20.340
2.000
142.500
1,250
87. !0(>
60,000
12.000
5,000
128.076
163,654
94,890
1,373,079
1.472.709,
2.827,351
3,633.177
2,239,429
4,028.408
3,761,055
2.287.1711
32'lbs.lbush.\s lbs.
bit. 56 lbs
•1.213,500
■
1.122.1601
Minneapolis-
Rye.
Jiarlry.
Oats.
1.920,932
136.000
87.000:
176.725;
1.114.5SS
Since Aug. 1
4.S31.382
1906-07
11,506,658 146.01 1.572 97.335,007 112.664,387 43,96 ! .992
5,652,901
11,040.899 161.770.262 100,510.579 135.5 10,792 54,527.207
1905-06
5,017.091
1904-05... 9.769,736 149,938,397: 99.951.4 13 95.971,830 48,208.0.Vi
.
...
Total receipts of flour and
the week ended Jan. 20 1907
bbls:
New York
Boston
119.278
38,652
2,465
58,449
56,783
6,300
6,321
12,500
..
Portland.
Philadelphia
Baltimore..
Richmond
Newport News
New Orleans.a
Galveston
Norfolk .■<.
Montreal
Mobile
St. John.
....
_
_
a
on
.
11.218
2,480
3,272
13,727
.....
Jiarlr,:.
273.000
7f>, 7i.
1 12.81)0
bush'
bush.
1.950
1 .94 7
37,964
23,666
1.072
108,000
5.322
3,098
103,250
20,675
1.015
3,276
97,885
58,575
778,697
1.759,010
175.651
386.306
2,668,737
6,379,112
800
1 ,000
80,446
95,976
16,718
382,091
616.748
749,500
182,000
'
29,435
37,719
passing through New Orleans for foreign ports
Total receipts at ports
follows for four years:
Oafs
Rye,
Oats.
bush.
35,000
151.000
Receipts do not include grain
through bills of lading.
Wheat
Corn
seaboard ports for
9.250
1.820,735
1,711,288
282,174
Flour
Corni
bush.
405,375
188.711
173,142
331.645
Total week..:.
Week 1906..:
grain at the
follows:
Wheat,
bush.
390,000
100,523
232,257
390.818
25,353
17,320
Flour,
Fri.
74 3t 74 k
78 k 78 >4 7S7s 77 k
.
77.k 77 k 'j7Sk 78 k 77k
July delivery In .elevator
Indian corn futures have advanced, owiifg to cominued
small receipts at Chicago, relatively small stocks there,
buying by commission houses and influential operators, an
74 k
delivery In elevator..
May delivery in elevator....
>
bush.—
bush. 56 lbs. bush.
201,000;
1S5.S40
3 1,850
—
;
PRICKS OF WHEAT
**) •”>
h
Corn.
j
bbls. 19 Mbs. bush. 60 lbs
de¬
Northwest
83
)
Wheat,
Flour.
—
Chicago
Milwaukee.
Duluth.
the. snows, but also to
Mon.
’
and
and bear hammering.
Sat.
88'.,
85 Jj
84 5£
36L
35 * *
86 ;.
88 k
The statement of the movement of breadstuff^ to market as
indicated below are prepared by us from figures collected by
the New York Produce Exchange.
The receipts at Western
lake and river ports for the week ending last Saturday
since Aug. I for each of the last three years, have bom:
export trade has been anything but satisfactory, dulmss
ing the rule. To-day prices declined on larger Argentine
shipments than* expected, increasing receipts at the North¬
PRICKS OF Willi AT
Fri.
8<', ',
89 k
.. t» ! ;
35 k
87 k
35 k
!
in
DAILY CLOSING
IFi d. Thurs.
Tin s.
36 * t
88 k
Mon.
Sat.
36
Wheat, per bush.—
e.
I Corn, per
N. Duluth, No. 1
No. 2 mixed
01 >5
N. Duluth, No. 2
|
No. 2 yellow, new
f.o.b. 90
Red winter. No. 2
f.o.b. 83 k I
No. 2 white, new
Hard
“
**
f.o.b. 86k I Rye. per bush.—
Oats—Mixed, per bush.—
I
No. 2 Western
No. 2 white
44
@45
|
State and Jersey
42
1 Barley—Western
No. 2 mixed
No. 2 white, clipped -.44
@45J£| Feeding
scarcity of cars, seems to be increasing rather than
creasing.
Latterly, too, the market has been braced by a
sharp advance in Liverpool, strong prices at the
and the noteworthy firmness of corn and oats.
Speculation
has increased somewhat, but it has attained no very great
proportions, as very many believe there is plenty of wheat
the world, and that it is only a question of time when the
west, liquidation
Fri.
GRAIN.
somewhat, owing in
movement will increase.
buying by
$2 75 @$3 001 Kansas straight?
on ni.j;?
2 50 @ 2 60 | Kansas clears. i 0 op 3
3 50 @ 3 75 1 Blended patents
-1 50 (a) 5
3 65 @ 3 75 | Rye flour.
3 65 @ 4
8 80 (T« 4 20 I Buckwheat flour
2 i0@ 2
3 75 @ 3 85]Graham flour
-r oo @ 3
3 SO @ 3 901 Coi nmeal
....... 2 70 @ 2
Straights..
Patent, spring
Patent, winter...
Kansas patents
cently the excess was some 10,000,000 bushels. Strenuous
efforts have been made to relieve the snow blockade at the
Northwest,with some measure of success.but the crop move¬
ment nevertheless continues on a very restricted scale.
This
lias been one of the main arguments, too, in favor of higher
crop
Western market have ad¬
FLOUR.
the settlement of the Argentine labor troubles, better
weather in that country and the indifferent tone of the Euro¬
pean markets.
Also, there was at that time a good deal of
realizing, and, if any thing,even more selling for short account
than liquidation’.
Moreover, snow-storms supposed to be
of more or less benefit to winter wheat were reported in vari¬
ous parts of the West.
But later in the week came a rally,
owing to higher foreign markets, small receipts at the North¬
west, extremely cold weather at tlie West and reports that
the snowfall had been insufficient, so much so that most
of the winter-wheat bolt was unprotected by snow.
More¬
over, reports continue to be received that purchases of grain
are being made by the Russian Government
to relieve the
famine-stricken districts of the Empire.
The American vis¬
ible supply decreased for the week 728,000 bushels, as against
an increase for the same time last year of 225,000 bushels.
The world's stock decreased 3,000,000 bushels, as against an
increase for the same week last year of 120,000 bushels.
The excess of world’s stocks of American wheat over last
year has now been cut down in round figures to 3,400,000
bushels.
The world’s .stock of all kinds of wheat is 155,080,000 bushels, or only 1,307,000 bushels more than at the
corresponding date last year. It will be recalled that re¬
Northwestern
k
Js
following are the closing quotations:
Low grades
Second clears
Clears
part to
Congestion, due not only to
46
46
k
PRICES OF OATS IN -NEW YORK.
Sat.
Mon. Tin s.
W>d.'ihr:rs.
42
42
41
41
42
January delivery in elevator
May delivery in elevator
July delivery in elevator
Prices for wheat flour have been
the trading has been quiet and
Mills in some instances have asked
prices.
46
k
46
42
lbs..43-44 J£ 43-44 U 43-45 4 3-45 44 45 44 45 .'•>
PRICES OF NO. 2 MIXED OATS IN CHIC \(IO.
DAILY CLOSING
Friday, Feb. I 1907.
•January
CLOSING
DAILY
BREADSTUFFS.
quiet and steady.
in the week declined
k
k
Wed. Thurs.
43*v
43
46 k
46 V*
stimulus of the rise in corn,
Mixed, 26 to 32 lbs
White clipped, 36 to 38
meal have been
Wheat early
a
45
Tues.
42 3k
46 Js
45 Js
prominent Chicago operators, light offerings, covering of
shorts and buying by commission
houses. The receipts
The cash demand at the West has
have continued small.
been active at advancing prices.
Northwestern houses have
been buying of late.
To-day prices declined on realizing
and depression in wheat and corn.
—
—
50 J-.
48
46 k
44
45
43 B. 42 '4 45
44
42
43
43 k41
42
4 2 ’• 40
41
37 3 4 40 J4
39
36
33
34
33 to
30
32
27 <4 32
29
81 k
28t; 27
4
..
delivery in the
Oats for future
vanced under the
d.
d.
Mon.
42
Sat.
...41k
45 k
.45 32
January
Fri.
Thurs.
Wed.
Tues.
Mon.
FUTURES IN CHICAGO. Fri.
PRICES OF CORN
DAILY CLOSING
54-100tf.
.
Sat.
285
CHRONICLE
THE
1907.]
Fkb. 2
from Jan. 1 to Jan. 20 compart*
1904.
1907.
1906-
bbls.
!-
1.525,540
1.330.197
1905.
1,079.74!)
1bush.
7.75 .31 u
7.75V
10.067,880
1,688,971
10.157.078
2,514.867
682,392
61.852
7.385.41!)
119,192
8,271,840
26.319,852
6.633.649
1,867,708
192.819
21,898.134
43,283,868
21.405.170
18.730,429
3,340.39!)
.
...
612,344
Barley
Wye
Total grain
.
1.720.91!)
7,647.357
3.027.3 11
476.032
194,310
The exports from the several seaboard ports for the week
ending Jan. 20 1907 are shown in the annexed statement:
Wheat.'
bush.
Exports pom—
New York
Fort land
Boston
Philadelphia
Baltimore
Norfolk.
Newport News
New Orleans
Galveston
Mobile
St. John. N. B
Corn,
/rush.
425,550
232,257
168.467
389,770
108.000
554.178
63,120
208.000
534.230
171,425
1 1 1,295
327.971
415,142
Flour,
hbls.
55.155
2,4n.<
13.028
18.323
10,1 14
1 1 .21 X
,
Oats,
bush.
23.065
9,250
1.300
103.250
.
.
173,142
..
..1.768.306 2,217.4‘M
Total week
Same time 19C6..1,383,355 5,532.034
i-‘2.923
.'73,717
Rarity,
bush.
Peas.
bush.
1.514
10,264
15
120
6,321
7.003
2.067
3.472
13,727
Rye,
bush.
-
-
-
^
672
13,068
1.015
97,885
58.575
145.718
805:160
58.575
12.450
17.142 711.172
13,824
THE CHRONICLE.
286
apparent, as stocks of export goods are by no means
heavy, and machinery at present working on lines suitable
for the home trade would doubtless be turned to the manu¬
at once
cxpoito for tlie week and since
The destination of those
July 1 1900 is as below:
—Flour
—
Exp>r!s I'tnrcd: mul
since July 1 h> -
Sincr
W,,l:
Julu 1
July l
,/nn.J.ii.
1900.
Jan. 20.
bus/:.
'/;ls.
bats.
OO.Oas .1.01 :>833.020
29,790 ! .404.201
015.171
Su.-md Cent. Amer. 10.4 Cl
452.07'.)
19.50 >
West. lnd:< s
27.127
853.500
Bn:.
Amor. Culs
505
57,710
Kin—
C/i:»cd
(•'WKmcnt
...
.
.
other
c
iuutr.es
Corn—
-Whtal
— -
— -
Since
135,858
-
...
1900.
Jan. 20 *
1000.
hush.
2,217,494 31,077,405
5,532,030.00,732,883
-
of grain, comprising the stocks in
the principal points of accumulation at lake and
seaboard ports Jan. ‘JO 1907. was as follows:
granary at
New York
.
-
Corn,
bush.
bush.
1.923.000
818,000
471,000
043.000
280,000
254.000
125.000
382.000
810.000
lioslon
Philadelphia
--
Baltimore.
Scw Orleans
-
Buffalo
-
—
“
afloat
Toledo
173,000
043.000
31.000
24.000
4.070.000
87.000
391.000
1.511,000
834.000
331.000
40,000
18.000
9.945,000
859.000
1.272,000
525,000
-
...
.
afloat
••
afloat.
Milwaukee
afloat.
Fort William
Port Arthur
all >at.....
Duluth
afloat
.....
.....
-
1.853,00.9
.
Minneapolis.Louis
.
3.925.000
75.000
457.000
027,000
418.000
4 1.000
15.900
3.749.000
211.000
508.000
205.000
10.00'!
290.900
18 1.000
129.000
1.092.000
42.009
3.234.009
afloat
-
.
-
—
Indianapolis
On Mississippi River.
...
On Lakes
On Canal
.99'
-
purchasing is progiessing, but duplicating for spring
i> not eminently satisfactory.
Broadcloths are fully
holding their premh r pn.d.ion for tin* fall, but buying gen| erallyis fairly well d;<i ributed.
In duplicate business goods
I < f a sheer character are still favorites.
FOREIGN DRY GOODS.—-There has been ho change
I in the imported woolen and worsted goods situation. Silks
maintain their improvement and ribbons are firm at recent
advance's.
Linens continue strong and burlaps are steady
and in small supply.
Fall
.
-
-
.
-
-
•
7,201.000
7.272.000
Total Jan. 20 1907. -44,731.000
Total Jan. 19 1907 .45,459.000
Total Jan. 27 1900. 4 >.004.000
2 Total Jan. 28 0905 39.387.000
Total Jan. 30 1904. -39.700.000
14.241,000
11.082.000
7.390.000
wear
-
2.70 - .Oi,0
2.'.’22.')'•'.
5.22" .(>.'.
I .7 ls.000
.
1.72 -..009
478,9))
5.'100.090
4 .880 0<‘M
2.137.000
.1 mo.,o
8.440.090
4.030.090
THE DRY GOODS
New
-
11.983.000
12.231 .Oi 0
27.057.000
18.888 .Of t0
8,200,000
48,447.000
Total Jan. 31 1903
-
-
1.100.000
995.000
TRADE.
Importations and Warehouse Withdrawals of Dry Goods.
The importations and warehouse withdrawals of dry goods
at this port for the week ending January 20 1907 and since
Jan. 1 1907, and for the corresponding periods of last year,
York, Friday Night, Feb. 1 1907.
Further strength has characterized tin* cotton goods
market during the week, several cast's of higher levels
recorded.
The great problem is still how to get new stocks,
and buyers arc trying to eke
spot
Purchases for 190S delivery are proceeding in good volume,
being
arc
goods.
out'supplies with
especially in the finer grades. A firmer tendency to the raw
material has had a stimulating effect on new orders, suggest¬
New
ing as it does still higher prices for goods later on.
business in fact surpasses expectations, and advances in
various lines are wiilingly met, provided early delivery can
be promised.
Jobbers’ stocks are reported at the lowest
ebb ever known at this season, and heavy duplicate orders
will be necessary t<> supply the spring trade requirements.
Much interest centres about the reported depletion of stocks
in China, which, it is said, continues at a rate that would
indicate future buying here on a fairly heavy scab*, although
the export business at the present time is. quiet.
Orders
rom Shanghai may be expected to increase in tin* natural
course of events, but in the prevailing over-sold condition
of the market the* effect would not be particularly beneficial,
xccpt to those honrcFbuyers who have contracted far ahead
at lower prices.
Then* has been considerable improvement
jn the demand for woolen and worsted goods both in the
men’s wear and dress goods divisions.
DOMESTIC COTTON GOODS.-The exports of cotton
goods from this port for the week ending Jan. 2b were 7JI12
being to the
packages, valued at S40o.02J, their destination
points specified in the tables below:
1907.Since
Jan. 1.
Wetk.
198
17
70
25
430
900
—
}'ork to Jan. 4 6
Xew
(i real
Brit a mi
Hlier European
China
India
Aralda.
Africa
West Indies
Mexico
<
_
—
—
.
.
-
—
......
..
—
.
......
Central America
Sout li America
Other Countries
Total
.
.
.
.
...
..
_
..
...
.
..
.
...
2.908
2.300
20
.034
125
•>7
55 4
3
830
400
1 ,998
189
040
2.1 <17
0
101
,730
270
2,397
511
4,378
2.007
1 .449
150
1 .013
0,343
1 .333
.7,312
10.742
2,008
28,487
1
York exports since Jan
$l,Ul,d09 in 1907. against SI ,528,830 in 1900.
'
The value of these > lew
boon
10,571
2.307
.
.
.
2.1 49
39
003
.
.89 noJan. 1
19
200
Week.
13
54
2.131
1
There
has been
a
.
1
has
continued active demand for heavy
and supplies of the latter are re¬
brown drills and sheetings,
prices in the near future
as being so source that higher
would not be surprising to the trade.
active movement for Chinese account
ported
has yet to make
appearance.
Tin* colder weather has not acted as a
stimulus to buying.
Tin* dress goods market is quite active,
and a good business is being transacted in both woolens
and worsteds.
The tendency is toward the fancy styles.
its
-
and River..
numbers continued
neglected, and the hoped-for improvement
...
433.000
-.
••
1
100.0! iii
730.009
-
_
.
-
Kansas City
Peor a
...
.
-
"
St.
_
.
...
.
....
-
390.000
-
...
490.0(0
••
....
...
1,857.000
.
—
175,000
.
SO,COO
058.009
234.000
005.000
•*
WOOLEN GOODS.—Btryers in large
men’s wear market during the week, but
purchases as a rule were confined to sample pieces. Opera¬
tions are on a conservative scale, and large orders were placed
only in exceptional cases. „ There have been new lines of
fabrics opened, but the finer grades are yet to be shown.
The trend toward woolens is still apparent, and the per¬
centage of increased business in these probably averages
;*>()%. Manipulated fabrics suffer in consequence,'scarcity
of cotton yarn for early delivery, moreover, retarding the
Overcoatings arc still
manufacture of mercerized worsteds.
.
.
.
.
in evidence in the
901.000
380,000
500,000
145.000
20,000
351.000
-
Chioauo
58,000
.
387.000
Detroit
improvement in
are
active of late.
90,0t O
11,0< 0
afloat
•
bush.
08,000
842,000
-
"
Barley.
131,000
170.000
3,870.000
_
Rye,
bush.
4.000
14,000
78,000
820.000
291 .Of 0
37.000
-
Montreal
Toronto
Oats,
bush.
483.0u0
Wheat.
no
buyers
pay
visible supply
The
been
still willing to
premiums where these are in any way available for near¬
by shipment. Prominent lines are still held at value. The
demand for wide sheetings, sheets and pillow eases is still
strong for early delivery, but supplies, are scarce, Coarse,
colored cotton goods are still sold far ahead, and there is
little.sign of an early increase in stock.
Linings are firm and
active.
Ginghams have again been placed on a higher level,
and the situation in these shows acute symptoms, the de¬
mand still being in excess of the supply.
Still further ad¬
vances would not come as a surprise.
The business in napped
goods for fall is active and prices hold strong at* recent ad¬
There has been a continued big demand for prints
vances.
since the increase in. value went into effect.
Print cloths are
no exception to the general rule., good buying being reported
in practically all departments, with mills sold well ahead.
The-demand for wide print cloths has been particularly
July 1
bush.
bush.
3l.313.5H7 810.45!) 12,772,510
30.343,280 1,204,975 17,290,130
182.015
380,825
87.004
0,210
48,850 1,310,300
5,000
S,()00
57,747
153,833
370,803
.142,023 0,580.010 1.708.300 02,232,000
273,717 0,303,702 1,383,355 32,030,507
Tula!
Total 1005-00--
facture of the former.
There has
the bleached goods situation, and
Since
Wed:
ProL. lxxxiv.
.
The effect of anjr
would doubtless be
as
follows:
Feb. 2
287
THE CHRONICLE.
1907.]
100.50
$1.5.000*
Union
Si\-<.
Patca oyue
Bank,-nrl5,()O0k 100.25
! or 15.040/ 100
News Items.
City.—Bond Bids.—The bills below were re¬
ceived yesterday (Feb. 1) for the Five issues of 4% corporate
stock and bonds aggregating §110,900.000 and described in
V. 84, ]). 235.
The official award was postponed until to-day
Glen Cove Bank
$10,000* 10.->.C2
5.000*.-101
\.ilon C. dark. Wash.
50.')**. i().>
Win.B.Sa y re. War w 1 c k
2.000*.. 101
Miss II.IM Ilona.Bklyn
10.4
1.00 >*
rarest Glenn. Bklyn..
'
150.090*.. 100.00
'
150.0 0*.. 100.50
1 50.04 9* 100.47
Bankers’ Trust Co..' 150.0 0*. _ 100.43
;
Mis-- Grice .Miller*
New York
See. Safe
Boston
New York
100.47
-..150.00 )*
..
150.000*.. 100..44
'
150. 44*. 100.20
l200.000* .100.25
102
I41.S7.5
2.0!) )*
101.75
2.000*
2.000* .101.025 Cans. F. II. Curtis.
N;.v York
101.50
4.000*
101..475 Potter A:
2.000*
N. Y.
101.25
2,000*
2.000* .101.125
Blodget. Merritt &
2.000* .101
Co., New York
102
1.000 V
.
_
X.Y..
.
...
J
102
102
10,000k. .101.50
101
10.004/
10*
102
25*
102
101.50
50.000*
101..40
50,000*
100.00
50.000*.
5
Adolph Bulker, Bklyn.
2.000* .101.50
Fred Graf
2.000*.
10,000*
10.000**
C.'am-
Louis Webb,
bralye
'
.
1
Brooklyn
lurry Horn.
Lons Island
Trust Co..
...
Loan &
Bklyn._
J 100.000*.
101.50
(ioldman.
Sachs
Co.. New York
.
200.000*
200,000*
50.000*.-100.ss
100.701
.100.OH
100.522
.100.505-
.101 40
5.000*..100.SO
5.000*
Co.-]
..;
....
100.29
.
100.591
.
20.000*
100.582
20.000*..100 192
20.000*.. 100.402
100.512
20,000*
100.202
20.000*
100.202
20,000*
20.000* .100.152
100.072
20.000*
100.052
20,000*
20.000* .100.012
5.000*
100.152
3.000*. .109.512
.
Lackcnbroush. N. Y
Morton II. M.
20,000** 101.575
50,000* .140.875
Kirk. New
500*..140.25
500*
100.50
500*
100.75
500*
101
500*
101.25
300* -101.50
McDonald,
York
.
.
.
’
-
2
100,0)0*
I
i 100.000*
' 100,000*
*
I 10 >.
Kmiirtv.p.t Suv. Bank.
New York....
101.05
.100.045
00*
Co.. New York
.100.75
100.(14
40.000*
(10.000*
100.50
•80.000*
100.58
100.20
100.000*
200,000* -100.14
20.000*
100.805
.000.S15 Schaefer Bros., N
100,000k
lOO.ODOk.
100.000k
250.000*
101
100.()()()/.•
100,000/.-.
.
Y.
.
.
K.Riv. Sav. Inst. .N.Y. 750.000*
Stout A Co.. N. Y.
101
10.000*.
Heatfr. New York.
Courtlandt Sav. Bank.
New York.
101 .09
50.000*
10.000*
20.000*
.
Dominick A
Domi¬
nick. New York
Mechanics’ National
101
101. 10
25,000*
X. Y
\nisterdam Savs.Bk. 50.000*
<iroton
Sav.
Bank.
5.000*
Mystic ... .
500*
< ieorre Horn. Blkyn. Brandt.
Owepo.
or
Lester
r.
1.000 +
1.0 )1)/;-
I
A.B.'LeachAC o.,\*. Y
.
10’..52
li)4. 14
Arbtn kleBms. .Bklvn 200.004k
200.009k
144.09
ordOO.no;)/ 100.04
240.000*
mi
mi
.
.
.
.
-
Lawrence A
Now York
Sons.
j
\\
aiDwortb A K nyht
Now York
....
T.
Stephens
W.
Co..
Now
York
mi
5.040*
140.7.5
...
50.000*7
:
dence
D. C. Porter. Bklyn
Title Guar. A Surety
.
_
.par
2.000*
12.000*
1.000*
Co.. Milford
Nat. Park Bk.. X. Y.
25.000*
par
par
♦Stocks due 1950.
♦♦Library stock due 1950.
k Stocks due 1920.
/ Bonds due 1910.
52.000*. .100.15
Kountze Bros..N.Y
Libboy
mo.su
A
.
ITtel/.er A Co..N.Y
50.000
104.54
1 Oil. 5.5
200.090*
104.22
500.000*
149.78
mo. 55
100.50
100 30
101
104.00
100.000*
100.000*
loo.ooo*
Amo .coo*
100.009*
100.7 s
104.0.5
104.55
mo. to
100.28
.
100.475
5.001)*
B >ston
i
wood. Oshkosh.Wis.
'
25.040*
25.944*
25 ODD*
25.000*..
100.75
100.025
104.50
100.575
Wm. A. Read A Co.. 500.000*
New York
A 500.000*
0.000*
50.000+
100.025
100.50
R
.
.
100.0 1
100.75
.
100.-199
100.50
1,000*
1.00!)** 100.50
50.000*
50.000*
50.000*
I00.0f>2
.>0.440*
.
100.51
mo.4.4
100.30
100.51
100.24
100.17
100.9!)
100.0.4
.
104.2.5
140.20
104.15
100.12
104.14
100.OS
.
Lee. Iliyymson A Co..
Rev. John W. Green-
1
Barbour A Co.. Now
.
104.41
104.000*
25.000*
25.0 0*
.
104.07
Struthcrs,
100..59
.
109.20
.
1 ,()4.).0()0*
New York.
140.70
109.50
Redmond A Co. ,N Y. 109.009*
10.009* _ 191.2.5
Bank
orlO.OOOk 100.50
100.375
Kissell. Kinnlontt A 100.000*
Oswcsto C.ty Savings.
.,
Co..
New York
,
100,000*
100.25
504.000*
100.30
100.24
500.000+
100 i s
.
‘
M.
Grant
New York
A (A*..
....
Bond Proposals and
have been
as
.
500.090*
250.000**
.
50.000*
50.000*
.
100.12
100.00
100.33
100.27
100.11
Negotiations this week
follows:
Aberdeen, Brown County, So. Dak.—Bond Offering.Proposals will be received until 8 p. m. Feb. 11 by F. \Y.
Raymond, City Auditor, for §35,000
coupon elect rielight-plant bonds. Denomination §500. Date April 1 1907.
Interest semi-annually tit the Chemical National Bank, New
York City.
Maturity twenty years. Bonds are exempt from
all taxes.
Purchaser to furnish bonds without expense to
the city.
Certified cheek for §500, payable to Geo. Bolles,
City Treasurer, is required.
Ada, Chickasaw Nation, Ind. Ter.—Bond Sale.—This city
has disposed of the §40,000 water-works bonds voted on
Oct. S 190(5.
Sole.—On Jan. 4 the
funding bonds described in
the Trowbridge & Niver Co.
of Chicago at 10)5.54,, accrued interest and blank bonds.
Alma, Gratiot County, Mich.—Bond Offering.—Proposals
will be received until 7 p. m. Feb. 5 bv I). \Y. Adams, City
Clerk, for §10.000 5% coupon city-improvement bonds.
Ada, Norman County, Minn.—Bond
§5.000 5% 10-14-year (serial)
V. S3, p. 1548, were awarded to
Denomination §1,000.
Interest semi¬
Date Jan. 1 1907.
annually fit the First State Bark in Alma. Maturity §2,000
yearly on Jan. 1 from 1910 in 1920 inclusive. Certified
check for §500, payable to the City Treasurer, is required.
Bonded debt, including this issue. §30,000.
Assessed valu¬
ation for 1900, §1,594,215.
Anderson Township School District, Rush County, Ind.—
Bond Sole.—On Jan. 8 this district awarded §25,000 4' (
1-5-year (serial)
school building bonds to the Milrov Bank of
Milroy at par.
Denomination §1.000. Date Feb. 1 1907.
Interest semi-annual.
Ardmore, Ind. Ter.—Bond Sole.—-This town recently
awarded §120,000 improvement bonds to Mason, Lewis A
Co. of Chicago.
Ardsley, Westchester County, N. Y.—Bond Na/c.—This
village on Jan. 29 awarded §40,000 registered refunding
bonds to Geo. M. Halm of New York City at 100.20 for 4fos.
Authority Section 7-of Chapter 685 of the Laws of 1892
and election held Dec. 27 1906.
Denomination §1.000.
1907.
Interest semi-annually in Ardsley.
April 1 from 1908 to 1935 inclusive
100 44
104.2,5
500.000*
Harvey Fisk A Sons. • 500.000*
New York
500.040*
509.040*
.504.000*
500.000*
5.040*
W. Walker A Co.,'
New York
Edmund Seymour A
Co.. New York
5.50.009*
3.>4 004*
5 54,009+
or 1.050.000k
mo m
mo.os
i
1
.-
par
pur
Mary Rrereton. Provi¬
.100.0/
Maturity §1.000 vearlv on
409.400*
j
..
..
B. H. Earley. X. Y...320.000/
A. Banks A Co.. N.Y. 25.000*.
.
100.54
) (>00,000*
409.000+
50.41)0*
I
50.000*
50,000*
Gran ns A Lawrence,
50.040*
New York
•
York
100.15
.
50.900*
...
.
B! tkc Bros A Co.
New 5 ork
109 40
.
\ ork
500.000*
Peyser.
Horace K.
Now York
G.
.
5 000* '
New
100.39
Cranford.
.
100-01
100.0001
Equit.LlfeAssur.Soe.o.OOO.OO,)*
_.
Date
100.27
;
.
100.1 1
.100.072
.100 051
.100.025
.
100.4 s
.
Drysdale.
400.040*
..
Brooklyn
100.88
100.79
100.49
Benedict
500.000*
Day A Co.,
York
.=
B.
15.000/.
50.000*
25.000*
59.044*
Richmond In~\C>
500.000*
500.000*
1
Walter
100.57.5
10.(104*
500.000*
.404.000*
j
L.
50.090*.
25.00 )*
25.00 t*
25.000*
•
...
Now
100.02.5
25.0 ).)*
i
Eastern Hist. Savs.
Bk.. Brooklyn
R.
50.00 1*
10.000*
10.000*
.
mi
..
Trust
2.5.000* 1 00.00
Herzfcld A Stern.X. 5'.
101.25
.
.
■Cyrus .)
.100.479
500.000*
100.379
500.090*
100.279
500.000*
100.179
1000.0)0* 100.079
; orl .Odor
Klinkey, Ho10.000/;
boken,
Nat. Hank.
in.(too**.
Bloomsbury
1,000*
Cro'l k K. Horn. Byn
Board man
A
Grav.
4.000**
Albany
.
E. Burn, Boston
.
1 armors’
Washinyton
<’■>.. N. Y
55,00(1* .10 ).7(1
01-45,0 0/; Hio 55
or.45.000/ 100 50
or.45.00rt any
par
500,000*
Ernest.
-
100.02.
100.49
.
.
10
100.55
Bank.
100.50
.
25.000* .100.50
25,000* .100.51
25.000* .100.40
25,000*
100.11
25.000*
100.5(1
25.000*
100.5!
25.000*
100.2(1
100.21
25,000*
101
A Co.. New' 250.000*
250.000**
100.50
10.000*
John llaydock. N.
.
100.41
100.20
100.21
100.10
100.11
100.525
100.025
100.000*
100.000*
Lawrence Barman
100,000*. -100.705
•
Kirurs Cnunty Trust
Co.. Brooklyn
Nelson
Raymond
M ickav
York
.
.
R’way Tr. Co., X. Y.. 50.000/. 100.075
A
Steinberpor. Sain
Co., New York
50.000* .109125
.
.
Hcnrv
New
..
Citizens l'r.Co..Bklyn 100,00(1*
Wessell.
Nichol
A
100.00
Gross. New York.. 10,000*
100.25
Commerce
I nsurance
100.059
Co.. Albany
20.000*
.
100,04
50.000*. 100.551
100.000* .100.271
100.000*..100.211
100.000* .100.151
100.000*. -100.091
M off at & White. NY
1 100.000* .100.204
J 100.000*-- 100.140
.
Parson. San A C- >.. X, Y 101) .000*
N. W. 11 arris ACo.. N. Y.500.000*
11. C.
KrMider. West
Hoboken
.200.000*
.100.017
.100.007
...
100.54
100.59
100,15
.
.
500.000*
100.59
.
50.000*.
125.000*
York
100.57
Williamson A- Squire,
New York
100.000** .100.125
C. K. Burner, N. Y
2.000/ .100.125
Ham'll Tr. Co.. Bklyn.200.000* .100.125
C0.il A Iron Nat. Bk.. 100.000*. 100.15
Nat. City Bk.. X. Y.5.000.000* 101).0001
100.15
Asiel A Co.. X. Y
500.000*
72.000*..100.50
.101.151
50.000*
50.000*
100.000*
Tobey »Vr
100.50
.100.23
100.15
1 200,000*.. 100.00
100.59
&i200.400*
200.000* .100.40
.101.512
50.000*--101.394
50,000*..101.205
Co.,I
rioter
100.(12
5.000+
5.000*
5.000*
10.000*
Judson A Co.. X. Y.
100.007
.100.051
.100.027
100.15
!or20.00()J
.
50.000*
Bank, kcreon
.
100.25
100.125
100.75
2,u04*.
2.040*.
2;000*.
Wm. Salomon & Co..,250.000*
New Yoik
-250.000*
20.000*.. 100.75
A.N.Steinhardt.N.Y. •or20,000A- 10 50
! 50,000*.. 101.011
Nitional
100.575
2.000*
.
1100.000*
100.OdO*
,GOO.050*
,100.000*
! 100.000*.
.
•
&
100.50
.
.
100.8 7
25.000*.
25.000*
25.000*.
F;sher.
II. P. Jackson. X. 5’
Mat. All. Tr. Co..N.Y
Ithett Bnw., x. Y
!
2,000*..101
Bars
York
.100.025
100.000*
50.000*
Smon
New
.100.025
ACo./ 100.000*.
v JOO.OOO*
Thomas Denuy
New York
.
Brooklyn
25,000*
100,000*
.
.
A. Horn.
100.50
.100.25
50.000* .100.04
50.000* .100.50
50.0 0*
100.28
;>0.000*.. 100.17
.
T .7*.Me M inomen. Ph i la.
10.000*
10.000*
York..
.
J
Crocker
AUo*t >n
2.000*
5,000+- .100.50
5,000*. 100.25
5.00H* .100.15
10.000+ .100.07
Co..
'
.
Max Kr'anyer.
l)ep.
..
.
$2,000*
-
J
New York
New
20.004/.. 100.10
20.000/- i 00.0s
20.049/. 100.07
•
Yonkers Savants Ilk.
Columbia Tns't Cm.
April
1
April 1 1936.
Bay Spring, Jasper County, Miss.—Bond Kale.—This
place, we are informed, awarded §2,500 6% school and
improvement bonds to John Nuveen & Co. of Chicago on
Dee. 27 1906 at 103.
Denomination §500. Date Jan. 1
Interest semi-annual.
1907.
Maturity Jan. 1 1927.
Bennington, Ind. Ter .—Bond Flection.—Reports state
that an election will be held Feb. 2 for the purpose of voting
on
a
proposition to issue §8,000 20-year school-building
and §12.000
bonds.
Bound Brook
School District (P. O. Bound Brook), N. J.—
on
Bonds Xot Sold—Bond Offering. — No bids wore received
Jan. 29 for the §50,000 4% coupon, school-building bonds
scribed in V. 84, p. 232.
Proposals are
bondsand will be received until Feb. 13.
de¬
again asked for these
Loan .—On Jan. 25 a tem¬
loan of from §80.000 to §100.000 was awarded to the
Chittenden County Trust Co., of Burlington, Yt., at 43i %
—loan to be made in amounts of §20.000 as needed.
Loan
matures about Aug. 25 1907.
Chicago, Ill.—Temporary Loan. — A loan of §850.000 for
Burlington, Vt.—Temporary
porary
school purposes was
recently negotiated with the Continental
and the Hibernian Banking Asso¬
National Bank of Chicago
ciation of Chicago at 5%.
Chicago (III.) Sanitary
District.—Bond Sale.—On Jan. 30
of which was given in
B. Leach & Co. of Chicago
the §500.000 4% bonds, a description
Y. 84. p. 233. were awarded t<» A.
and the Northern Trust
bid of 100.771.
Company of Chicago, at their
joint
(P. O. Cloverdale), Putnam
County, Ohio.—Bids Not Opened.—-Owing to injunction pro¬
ceedings, the bids received on Jan. 19 for the $8,000 6%
school-building bonds described in V. 84, p. 117, were not
opened.
Conway, S. C.—Bonds Not Sold.—No bids were received
on Jan. 22 for the $80,000 20-40-year (optional) coupon pub¬
lic-improvement bonds described in V. 83, p. 1005.
Cordele, Crisp County, Ga.—Bond Sale.—On Jan. 3 this
city awarded at private sale $35,000 sewer-extension and
$10,000 water-works-extension 5% coupon bonds to the
Security Trust Co. of Spartanburg, So. Car. , Authority,
election held Nov. 14 190(3 (vote of 110 to 0) and Vol. 1, Code
of 1895, Section 377.
Denomination $1,000. Interest Janu¬
ary and July at the Hanover National Bank in New York
City. Maturity $5,000 yearly on Jan. 1 from 1930 to 1938
inclusive.
Bonded debt, including this issue, $105,000.
Assessed valuation for 1900, $1,944,921; actual value (esti¬
mated), $3,500,000.
Cloverdale School District
of Boston at 100.079 and
accrued interest.
the bids:
Following
.
are
•
100.079 j Gardner Sav. Bk., Gardner.. 100.05
Boston
Ill addition to the above, a bid was also received from
Jose Parker & Co. of Boston.
R. L. Day &Co.,
Greene County (P. O. Jefferson), Iowa.—Bond Sale.—
This county has awarded $6,800 6% Drainage District No. 5
bonds to Geo. M. Bechtel i Co. of Davenport for $7,000,
the
price thus being 102.941.
Denomination $650, except
Interest semi-annual.
Maturity $300 in 1912 and $650 yearly from 1913 to 1922
one
bond for $300.
Date Dec. 1 1906.
inclusive.
Greenville, Washington County, Miss.—Bond Sale.—An
of $47,500 5% 20-year refunding bonds has been
awarded, it is stated, to Duke M. Farson <fe Co. of Chicago.
Harrison-Pottawattamie Drainage District No. 1, Harrison
and Pottawattamie Counties, Iowa.—Bonds Not Sold—Bond
issue
Offering.—We
are
bonds offered
on
advised that the $130,000 6% drainage
were not sold.
The Board of
Supervisors has decided to change the maturity of the bonds
from 1-10-year (serial).to 5-15-year bonds and proposals
will again be received, this time until 12 m. March 4.
Haverhill, Mass.—Temporary Loan.—A temporary loan of
$100,000 was recently negotiated with Blake Bros. & Co.
of Boston at 4.95% and $1 premium.
Loan matures Sept. 9
Jan. 28
Covington, Newton County, Ga.—Bonds Voted—Bond
Offering.—A vote of 146 "‘for” to 7 ‘‘against” was the result
of the election Jan. 24 (V. 83, p. 1(305) on the question of
1907.
issuing $5,000 scliool-building-annex and $15,000 electricHighland Park School District (P. O. New Brunswick),
light-plant 5% 30-year bonds. Bids for these bonds will be N. J.—Bonds Not Sold.—This district has not yet placed the
received at any time.
Geo. T. Smith is City Clerk.
$15,000 4% school-building bonds described in V. 83, p. 1548.
Crandon School District (P. O. Crandon), Forest County, We are informed by the Secretary, Mr. Charles Xoiirsc, that
Wis.—Bond Sale.—'This district recently awarded $22,500 the School Board will accept a bid of par and accrued interest
3/2% 1-15-year school bonds to the State of Wisconsin at! from Dec. 15 1906 for the bonds.
par.
Independence School District (P. O. Independence),
County, Kan.—Bond Sale.—An issue of $55,000
Montgomery
Cushing, Woodbury County, Iowa .—Bond Offering.—
43^%
153^-year
(average) building bonds were recently
Proposals will be received until 7.30 p. m. to-day (Feb. 2) awarded at
private sale to II. C. Speer & Sons Co. of Chicago.
by R. J. Patterson, Town Clerk, for $4,000 10-vear water¬
works bonds.
Certified check for $200 required.
lone, Morrow County, Ore.—Bonds Not Sold.—No award
has yet been made of the $4,000 6% 20-30-year (optional)
Davenport Independent School District (P. O. Daven¬
gold coupon bonds offered on Jan. 2. See Y. 83, p. 1549,
port), Scott County, Iowa.—'-Bond Sale.—On Jan. 14 this for description of these
securities.
district awarded tin* $100,000 4% high-school-building bonds,
Janesville,
Rock
County,
Wis.—Bond Sale.—On Jan. 16
mention of which was made in V. 82, p. 1454, to the German
this city disposed of $709 43 6% street assessment bonds
Savings Bank of Davenport at par.
Denomination. $1,000.
Date Oct. 1 190(3.
Maturity Oct. 1 Denomination $100. Date Jan. 15 1907. Interest annually
Interest semi-annual.
on March 1.
Maturity from one to five years.
1916, subject to call after Oct. 1 1911.
Lawton, Comanche County, Okla.—Bond Lied ion.—The
Detroit, Mich.—Bond Offering.—Proposals will be re¬ Mayor has issued a proclamation calling an election for Feb. 5
ceived until 11 a. m. Feb. 11 by Richard P. Joy, City Comp¬ to vote on the question of issuing $300,000 bonds for various
municipal improvements.
troller, for the following bonds:
Live Oak, Fla.—Bond Offering.—Proposals will be re¬
5170,000
13 % coupon public-school bonds.
Maturity $0,000 yearly on
March 1 from 10IK to 1027 inclusive and $8,000 yearly on
ceived
until 3 p. m. March 30 by M. L. Burnett, Chairman of
March 1 from 1028 to 1007 inclusive.
the Board of Bond Trustees, for $190,000 5%' 30-year pub¬
•02.000 8 1 j";> coupon public-sower bonds.
Maturity thirty years.
Denomination $1,000.
Date March 1 1907.. Interest lic-improvement bonds. These securities are part of an issue
of $200,000 bonds,of which $10,000 have already been sold.
semi-annually at the current official bank of Detroit in New The
legality of the bonds will be approved by Dillon & Hub¬
York City or at the office of the City Treasurer in Detroit. bard of New York City, whose opinion or duplicate thereof
Bonds are exempt from city taxation.
Separate bids must will be delivered to the purchaser.
be made for each issue and be accompanied by a deposit in
Liverpool, N. S.—Debentures Not Sold.—No sale was made
on JaiK 15 of $11,200 debentures offered by this town.
money or certified check on any national bank in the United
Livingston County (P. O. Chillicothe), Mo.—Bond Offer¬
States or a State bank in Detroit for 2% of the bonds bid for.
ing.—Proposals
will be received until 1 p. 111. Feb. 4 by the
The official nolice of this bond offering will be found among
County Treasurer for $10,720 6% coupon drainage-ditch
the advertisements elsewhere in this Department.
bonds.
A. M. Shelton is County Clerk.
Elgin, Kane and Cook Counties, Ill.— Bids Refected.—The
Logan County (P. O. Beliefontaine), Ohio.—Bond Sale.—
following bids, all of which were rejected, were received on On Jan. 28 the $15,000 4% ditch bonds described in V. 84,
Jan. 19 for the $5,000 4% coupon water-main-extension p. 233, were awarded to the Commercial Bank of Belief on¬
bonds described in V. 84, p. 173:
taine for $15,02(3, the price thus being 100.173.
X. W. Halsey & Co., Chicago, par, accrued Interest and a premium of $50,
Lumberton, Robeson County, N. C.—Bids Rejected.—Bond
loss $140.50 for expenses.
K. H. Hollins & Sons, Chicago, par, accrued Interest, less $100 for expenses.
Offering.—All bids received on Jan. 28 for the $20,000 waterS. A. Kean, Chicago, “bid not considered, the bidder having failed to com¬
wprks-extension and $5,000 deetric-light-oxt elision 6% 20ply with the requirements or the advertisement.”
30-year (optional) gold coupon bonds described in V. 84, p.
Elwood, Gosper County, Neb.—Description of Bonds.— 118, were rejected. These bonds are being re-offered and
We are advised that the $12,000 5%‘water-works bonds proposals will be received this time until March 1.
voted on Sept. 18 1906 (V. 83, p. 1246) will be dated Jan. 1
Mahnomen County, Minn.—Bids Rejected—Bond Offering.
1907.
Denomination $1,000.
Interest semi-annual. Ma¬ —All bids received on Jan. 22 for $10,000 bonds offered
turity Jan. I 1927, subject to call after Jan. 1 1912.
by this county were rejected. Proposals for these bonds are
Enterprise School District No. 10 (P. O. Enterprise), again asked for, this time until Feb. 12.
Mamaroneck Union Free School District No. 1 (P. O.
Owyhee County, Idaho.—Bond Offering.—This district will
offer at public auction at 2 p. m. Feb. 16 an issue of $500 6% Mamaroneck), N. Y.—Bond Offering.—Proposals will be re¬
school bonds.
Denomination $50. Interest annual. Ma¬ ceived until 8.30 p. in. Feb. 5 hy C. M. Bingham, District
turity “on or before five years.” A. L. Clark is Chairman Clerk, for $41,000 4% registered school-house addition
and G. F. Yanke is Clerk of the Board of School Trustees.
bonds.
Denomination $2,050.
Date March 1 1907. Inter¬
Essex County (P. O. Salem), Mass.—Temporary Loan.— est semi-annually in New York City. 'Maturity one bond
The County Commissioners have awarded a temporary loan yearly on March 1 from 1911 to 1930 inclusive.
Certified
check for 5% of bid,drawn on a State or national bank or
of $250,00() in anticipation of taxes to the Gloucester National
Bank of Gloucester at 4.75% discount and $7 premium. trust company, is required.
Loan matures in November and December this year.
Merchantville, Camden County, N. J.—Bond Offering —
Fall River, Mass.—Temporary Loan.—This city recently Proposals will be received until 8 p. m. Feb. 5 by Harry E.
negotiated a loan of $100,000 with Blake Bros. & Co. of Bodinc, Chairman Finance Committee, for $70,000 4% cou¬
Boston at slightly under 5%.
Loan matures Oct. 23 1907.
pon sewer bonds.
Denomination $1,000. Interest semi¬
Maturity
Fort Scott, Bourbon County, Kan.—Bond Sale.—This annually at the Central Trust Co. of Camden.
$20,000“
March
1 1917, $20,000 March 1 1927 and $30,000
city has awarded the $10,000 5% l-10-year (serial) coupon March 1 1937. The bonds will be certified to as to genuine¬
South Jiidson Street improvement bonds described in V. 84,
ness by the United States Mortgage & Trust Co. of New York
p. 118, to the First National Bank of Fort Scott.
City and their legality will be approved by Delalield & Long¬
Gardner, Mass.—Sale.— On Jan. 26 the $15,000 4% 1-30- fellow of New York City, whose opinion as to legality of the
vear
(serial) coupon sewer scrip dated Dec. 1 1906 and same will be delivered to the purchaser. Each bid must bo
described in V. 84, p. 233, was awarded to R. L. Day <fc Co.
~
•
-
[VOL. LXXXIV.
THE CHRONICLE.
288
•
THE CHRONICLE.
Feb. 2 1907
made
blank form furnished by the city' And must be
on a
accompanied by a certified check for 3% of the bonds bid
for, payable to Harry Knox Oakford, Borough Treasurer.
Total assessed valuation for 1906, SI,506,710.
Milwaukee, Wis.—Bond Sale.—On Jan. 28 the $20,000
1% 1-20-year (serial) coupon park bonds described in V. 84,
p. 234, were awarded to B. Ehlhardt of Milwaukee at 101.35
—a basis of about 3.843%.
Following are the bids:
520,078
Ben Llilliardt, Milwaukee.S20,270 0(0 A. 15. Leach &Co.,Chic
Briirhton-Germ.BU.Co..Cln. 20.225 26 C. H. Coffin. Chicago . 20,075
20,172 60 | W.J.Hayes & Sons, Cleve. 20,051
Wisconsin Tr. Co.. Milw.
E.H.Rollins & Sons, Chic. 20,154 00 West Side Bank, Milw
20,020
Citizens’Trust Co.. Milw. 20.161 50 , S. A Kean, Chicago .
_
20,004
N. W. Harris & Co.. Chic. 20.126 00 ; Milwaukee Tr. Co., Milw . 20,010
_
,
O’Connor &
00
00
00
00
00
00
Kahler. X. Y. 20.001 00,
Mineral Wells, Palo Pinto County, Texas.-— Bonds Regis¬
tered and Sold.—On Jan. 23 $6,000 5% 10-40-vear (optional)
street-improvement bonds dated Sept. 20 1906
and $3,992
5% 10-40-vear (optional) city-hall and sewer-repair bonds
dated Dec. 1 1906 were registered by the State Comptroller.
On the same day these securities were awarded to the State
Permanent School Fund on a 4^% basis.
Monroe, Green County, Wis.—Description of Bonds.— We
are
informed that the 885,000 4% water-works-purchase
bonds mention of which was made in V. 84, p. 174, are dated
November 1906 and mature part yearly from 1907 to 1926
inclusive.
Denomination $500.
Interest semi-annual. The
bonds were awarded on Jan. 15, $15,000 to local parties and
$70,000 to X. W. Harris & Co. of Chicago at par and interest.
Moore School District No. 45 (P. O. Moore), Blaine County,
Idaho.—Bond .Offering.—Proposals will be received until
Feb. 15 by B. A. Pearson, District Clerk, for $5,000 6%
10-20-year (optional) bonds.
Moorhead, Monona County, Iowa.—Bond Offering.—
Proposals will be received until 2 p. m., Feb. 15, bv C. A.
Parker, Town Clerk, for $5,000 5% water-works bonds.
Securities will be dated April 1 1907.
Maturity twenty
years, subject to call after ten years.
Certified check for
$500 required.Mount Pleasant, Isabella County, Mich.—Bonds Offered
ot Private Sale. — We are informed that the $20,000 4% 1-20year
struction bonds.
Denomination $100.
Date $1,200 Series
“B’? Jan. 10 1907 and $400 Series “E” Jan. 15 1907.
Inter¬
annually in July. Maturity Series “B" $300 yearly on
July 10 from 1908 to 1911 inclusive; Series “E”. $100 yearly
on July 15 from 1908 to 1911 inclusive.
North Alton School District, Madison County, Ill.—Bond
Election.—An election will be held to-day (Feb. 2) to vote
on the question of issuing
$8,500 4% school bonds. Interest
semi-annual.
Maturity $500 yearly for ten years and $3,500
est
in eleven years.
O’Fallon, Saint Clair County, Ill.—Bond Sale.—On Jan. 7
the $8,500
Orlando, Fla.—Bonds Xot Yet Sold.—We are advised under
Feb. 1
1907.
School District No. 5.—Bond Sale.
Treasurer awarded $7,000 schoolbuilding bonds of this district to the State of Washington at
par for 43^s.
Following are the bids:
State of Washington (for 4 qjs)
part
Wm. D. Perkins & Co.. .Seattle
i
(for 5 >:js)
.<jpar j
a
Geo. h. Tliden & Co., Seattle
(for 6s)
<157,050
...
.
...
And blank bonds.
Denomination $1,000.
call after one year.
Park County (P.
Bond Offering.All
Maturity ten years, subject to
O. Livingston),
Mont.-^Bids Rejected.—
bids received on Jail. 15 for the $25,000
4%, 20-year gold jail-building bonds described in Y. 83, p.
1607, were rejected.
Proposals are again asked for these
until up to March 1.
Pawhuska), Osage Na¬
tion, Okla.—Bonds Xot Sold.—No award was made on Jan.
10 of $29,000 6%, building bonds offered on that day.
Perinton (Town), Monroe County, N. Y.—Bond Offering.—
Proposals will be received until 3 p. m. Feb. 15 by T. J.
Bridges, Supervisor (P. O. Fail-port), for $25,000 5% town
hall bonds.
Denomination $1,250.
Date March 15 1907.
Interest annually at the National Bank of Rochester, Roches¬
ter, X. Y.
Maturity $1,250 yearly on March 15 from 1908
to 1927 inclusive.
The town has no bonded debt at present.
securities and will be received this time
Pawhuska School District (P. O.
Assessed valuation $3,061,607.
Port Elgin, Ont.—Debenture Offering.— Proposals will
received until Feb. 4 for the $30,000 4y/i% water-works
bentures offered without success on Oct. 1 1906.
Interest
semi-annually at the office of the Sinking Fund Trustees.
Bonds are lax-exempt.
Certified check for 2% of the bonds
bid for. payable to the City Auditor, is required. Accrued
interest to be paid by purchaser.
Mount Vernon School District (P. O. Mount Vernon), Knox
County, Ohio.—Bond Sole.—On Jan. 26 the $50,000 4%
school bonds described in V. 83, p. 1607, were awarded to
Fai son Son A Co. of Chicago at 100.416.
New Hampton, Chickasaw County, Iowa.—Bond Election.
—The question of issuing $18,000 water-works and electriclight-plant bonds will be submitted to a vote on Feb. 5.
New Madrid County (P. O. New Madrid), Mo .—Bond Sole.
On Jan. 22 the $180,000 6% coupon Drainage District
No. 19 bonds., a description of which was given in V. 84, p.
175. were awarded to the Win. R. Compton Bond A Mort¬
gage (’<». of Man m.
Bonds Voted.—The elec¬
Newton, Newton County, Miss.
tion Jan. 15 resulted in favor of the proposition to issue the
$50,000 5% water-works bonds mentioned in Y.’84, p. 119.
Newton County (P. 0. Kentland), Ind.—Bond Offering. Charles Spinney ( ’ounty Treasurer, will offerfor sale at 1 p.m.
Feb. 7 an issue of $6,370 71 6%, Mary E. Spitler et ol. ditchconstruction assessment bonds.
Denomination $637, except
one bond for $637 71.
Date Aug. 7 1906.
Interest semi¬
annually at Bank of Kentland.
Maturity $637 71 June 1
1907 and $6)17 yearly on June 1 from 1908 to 1916 inclusive.
Apcrucd interest to be paid by purchaser. Official advertise¬
ment states that default has never been made in the payment
of any obligation issued by the county.
Successful bidder
will be required to deposit $300.
New York City. -Bond Bids.
See ’‘News Items’* on a
preceding page for result of the offering yesterday (Feb. 1)
of s:tci.non.000 4% stock and bonds of t his city.
Niagara, Ont. -Debentures AOt Vet Sold.—X o sale has yet
been made of the $1.5,0(10 4 1 •>% 'debenttires offered but not
made of the
but not sold
Pacific County (Wash.)
—On Jan. 19 the (’ounty
to Aug. l
1917 inclusive. •
Coupon Gambler Street and Gamber Avenue (city’s portion)
bonds.
Authority Section 100 of the Municipal Code
Denomination 5450.
Maturity 5450 each six months from
Feb. 1 1908 to Ante. 1 1917 Inclusive.
be dated
Bank of O’Fallon
date of Jan. 25 that no award has yet been
$12,000 5% coupon street-paving bonds offered
on Dec. 1 1906.
See V. 83. p.#1550.
Mount Vernon, Ohio.—Bond Offering.—Proposals will be
received until 12 m. March 4 by Stephen J. Borgaii, City
Auditor, for the following bonds:
S2-1 .xim 5".. Coupon Gambler Street amt Gambler Avenue assessment bonds.
Authority Section 05 of the Municipal Code.
Denomina¬
tions: 40 bonds of J500 each and 16 bonds of 5500 each.
Maturity 51,00o each six months from Feb. 1 1908 to Aug. 1
1009 inclusive and 51,300 each six months from Feb. 1 1910
above bonds will
water-works bonds described in V. 83,
from 1908 to 1942 inclusive.
(serial) water-works bonds offered without success on
sale. These
The
coupon
Ontario, San Bernardino County, Cal.—Bond Offering.—
Proposals will be received until 7 p. m. Feb. 5 by R. O.
Bracken ridge, Town Clerk and ex-officio Clerk of Board of
Trustees, for $35,000 5% gold coupon street-improvement
bonds.
Authority vote of 282 to 111 at election held Dec.
10
1906.
Denomination $1,000.
Date Jan. 10 1907.
Interest semi-annual.
Maturity $1,000. yearly on Jan. 10
Dec. 17 1906 are now being offered at private
bonds were described in V„ S3, p. 1490.
o.ooo 5 ',,
5%
j). 1607, were awarded to the First National
for $8,550, the price thus being 100.588.
be
de¬
Porter County (P. 0. Valparaiso), Ind.—Bond Offering.—
Proposals will be received until 11 a. m. Feb. 4 by Henry B.
Kenny, (’ounty Treasurer, for $49,000 4%% coupon town¬
ship* gravel-road bonds. Denominations, forty bonds of
$500 each and forty of $725 each.
Date March 1 1907.
Interest May 15 and Nov. 15 at the office of the County
Treasurer.
Maturity $1,225 each six months. Cash or
certified check for 3% of par value of bonds required with
.
bids.
Portland, Me.-- Bids Rejected. —The City Treasurer rejected
on Jail. 29 for the $150,000 temporary loan
all bids received
notes
offered
Princeville
on
See Y. 84. p. 235.
97 (P. 0. Princeville),
that day.
School District No.
Peoria County, Ill.—Bond Offering.—Proposals will be re¬
ceived until 6 p. in. Feb. 7 by E. 1). Minkler, District Clerk,
for $7,000 5Jv>(A building bonds.
Denomination $2,000,
except one bond for $1 ,000.
Date Aug. I
1904.
Interest
annually from April 7 1907 in Princeville. Maturity$2,000
yearly on April 1 from 190S to 1910. inclusive, and $1,000
April*! 1911. Bonded debt, including this issue $7,000.
Punta Gorda, De Soto County, Fla. - Bonds Xot Sold.No award has yet been made <>f the $14,000 wharf bonds
which the Town Trustees have been offering for sometime.
See X. S3, p. 997.
Punxsutawney School District (P. O. Punxsutawney),
Jefferson County, Pa.—Bonds Xot Sold- Bond Offering.—
No sale was made on Jan. 7 of t he $6,5,000 4% school-building
bonds described in X. S3, p. 1550.
Proposals are again
asked for these bonds, this time until 8 p. m. Feb. 4. rate of
interest having been increased to
Denomination
$1,000.
Maturity $10,000 in each of the years 1912,T917.
1922. 1927 and 1932 and $15,000 in 1937.
Bonds are tax-
.
j
sold last August.
exempt.
Certified check for $1 ,000 required.
Putnam, Windham County, Conn.—Bonds Xot )>/ Sold.
W e arc advised that no disposition has yet been made of
the $100,000 31 2% funding; bonds mentioned in V. S3, p. 176.
—
Norfolk, Madison County, Neb.
Bono's Xot )\t Sold.
arc informed that the 810.000
1%. coupon sewer bonds 1
Quincy, Norfolk County, Mass. Bonds Proposed. -The
Uicinioi: of which was made in V. S3, p. 715.-an* still on the j Mayor has been authorized to petition the Legislature for
market
’
authority to borrow $200,000 outside the debt limit, for the
\Y“
Normal, McLean County, Ill.
ha- '.oh!
'
•
i
-Bom/ Sole.
McDonald $1,600 5%
This village j
Fell Ave.
sewer-enn-
j
purpose
Bonds
'f
of extending the water system.
Xot
Sold.
No
bids
W'*h*
received
on
*
Jan. 23 for
f VOL. LXM1V,
THE CHRONICLE,
290
$2,000 4% sewer bonds, $19,000 4% bonds and $41,000 4%
bridge bonds offered by the City Treasurer.
Red Deer Public School District No. 104, Alberta.—Deben¬
Offering.—Proposals will be received until Feb. 14 by
Secretary-Treasurer, for $35,000 5% school¬
building debentures. Denominations: five debentures of
$5,000 each and one for $10,000. Date Dec. 1 1900. Inter¬
est annual.
Maturity part yearly for thirty years, payable
at the Canadian Bank of Commerce in Red Deer.
Rolla, Phelps County, Mo.—‘Price Paid for Bonds.—We
are informed that the price paid by the Win. R. Compton
Bond & Mortgage Co. of Macon for the $38,000 water-works
and $10,000 sewer 5% 20-year coupon bonds awarded to
them on Jan. 7 (V. 84, p. 175) was 102.
St. Louis, Mo.—Bonds Proposed.—Reports state that a
bill providing for the submission to a vote on April 2 of a
proposition to issue $500,000 public-market bonds is before
ture
M. A. Munro,
the City Council.
$2Description of Bonds.—The nine issues of gold coupon
public-buildings and public-improvement bonds, aggre¬
gating $11,200,000, authorized by Ordinance 22,074, passed
Nov. 20 1900, answer the following description:
coupon municipal-bridge bonds at not exceeding 4% int'st.
coupon hospital bonds at not exceeding 4% interest.
coupon Insane-asylum bonds at not exceeding 4% Interest.
coupon lire-department (engine houses and lots) bonds at
not exceeding 4% Interest.
2,000,000 gold coupon courts, Police Headquarters and
$3,500,000
S00.000
l.ono.ooo
1*30,000
gold
gold
gold
gold
Sandersville,1^Washington County,lGa.—Bond Offering.—
Proposals will be received until Feb. 7 by the City Clerk
for the $20,000 sewer and $10,000 water and light-extension
5% gold bonds voted on Dec. 5 1906. Denomination $1,000.
Interest semi-annual.
Maturity $6,000 on Jan. 1 in each
of the years 1912, 1917, 1922, 1927 and 1932.
Seattle, Wash.—Bond Offering.—Proposals will be re¬
ceived until 10 a. m. Feb. 9 by H. W. Carroll, City Comp¬
troller, for the following bonds:
$500,000 park (general debt) bonds at not exceeding
thority, election held March 0 1005.
4,VI, interest.
Au¬
Maturity twenty
Certllled check for $12,000 required.
2,250,000 water bonds at not exceeding 5% interest.
Authority, election
held Sept. 12 1006.
Bids are requested for bonds maturing
in twenty years, without option of prior payment, and also
for bonds maturing in twenty years subject to call after
ten years.
“Bonds and interest to be an obligation against
not to exceed $175,000 per annum to be set aside from
seventy-live (75) per cent of the gross revenue or proceeds
to be derived from the water system of the city of Seattle
(exclusive of revenue for water used for municipal purposes)
from and after Jan. 1 1000.
Interest on all bonds issued
prior to Jan. 1 1000 shall be paid from the gross revenues
of the Water Department of the city of Seattle."
Certified
years.
check for $10,000 required.
1,650.000 scwer-system-extenslon (general debt) bonds at not exceeding
4!3 % interest.
Authority, election held Nov. 6 1906.
Bids are requested for bonds maturing in twenty years,
without option of prior payment, and also for bonds
maturing in twenty years, subject to call after ten years.
Certified check for $5,000 required.
of issue. Interest
drawn on some bank
Health Depart- in the
ment Headquarters bonds at not exceeding 4% Interest.
city of Seattle and made payable to the City Comp¬
1,000,000 gold coupon bridge and viaduct bonds at not exceeding 4% int.
troller.
Official circular states that the city has never de¬
500,000 gold coupon King's Highway Boulevard bonds at not exceeding
faulted in the"payment of principal or interest.
4% Interest,
1,500,000 gold coupon public-sewer bonds at not exceeding 4% Interest.
Schroeder, Cook County, Minn.—Bond Sale.—This town
070,000 gold coupon public-park bonds at not exceeding 4% Interest.
Denomination $1,000.
Interest semi-annually in United awarded some time ago the $8,000 6% road and bridge bonds
States gold at t he National Bank of Commerce in New York offered but not sold on July 7 1906 (V. 83, p. 291) to the
Denomina¬
City, or in pounds sterling at the National Bank of Scotland, Commercial Investment Co. of Duluth at par.
tion
Interest
$500.
Date
June
11
1906.
annual.
Maturity
Ltd., London, England, at the rate of $4.8665 per pound
years.
twenty
sterling. Maturity twenty years.
Scranton School District (P. O. Scranton), Lackawanna
Saline Levee and Drainage District (P. O. Marksville),
La .—Bond Sale.—This district, it is stated, has awarded the
County, Pa.—Bond Offering.—Proposals will be received
$100,000 5%t50-year coupon drainage bonds dated Sept. 1 until 7:30 p. m. Feb. 11 by Eugene D. Fellows, Secretary of
1906 and described in V. 83, p. 648, to S. S. Hunter of
Board of Control, 718 Connell Building, Scranton, Pa., for
Shreveport at 90.
Denomination $1,000.
Date, day
semi-annual.
Certified checks must be
NEW LOANS.
§170,000
§80,000
Public School Bonos
City of Mount Vernon, N.Y,,
§93,000
REFUNDING BONDS
Public Sewer Bonds
The Common Council of the City of Mount
Vernon, New York, will on tlie,5TH OF FEB. '07,
at eight o’clock p. m., receive sealed proposals for
CITY OF DETROIT,
MICH.
Controller’s Office, Jan. 29. 1907.
Sealed proposals will be received at this office
until 11 o’clock a. m., Central standard time,
Monday, Feb. 11. 1907. at which time
they will
be opened, for the purchase of $170,000 Public
School Bonds and $92,000 Public Sewer Bonds.
Said bonds are of the denomination of one
§1,094,506 50
the purchase of $80,000 Refunding Bonds of the
said City, to be dated January 1st, 1907, bearing
interest at four per centum per annum, payable
semi-annually, and maturing as follows:
$15,000 on January 1st. 1918
15,000 on January 1st, 1919
15,000 on January 1st, 1920
15,000 on January 1st, 1921
20,000 on January 1st, 1922
Each
proposal must be accompanied by cer¬
thousand dollars each, bear interest at the rate tllled check for $1,000, to constitute liquidated
of three and one-half per cent per annum, payable damages In the event of the successful bidder
semi-annually, will be dated March 1st, 1907, falling to accept said bonds.
Bonds will be engraved under the supervision
and tiie $ 170,000 Public School bonds will mature
of and certified as to their genuineness by tlie
$9,000 on the lirst day of March, 19l«S, and the
United
States
Mortgage & Trust Company,
same
amount annually thereafter, to and in¬
cluding the first day of March, 1927, and the sum -and their legality will be approved by J. H. Cald¬
well,
Esq., of New York City, whose opinion as
of $8,000 annually thereafter on said lirst day of
March until 1937.
The $92,000 Public Sewer to legality will be furnished to the purchaser.
The
bonds cannot be sold for less than par and
bonds will mature in thirty years.
Principal and
The right Is reserved to reject
interest payable In lawful money of the United accrued interest.
The Common Council will award
States of America at the current offlclaLbank of any or all bids.
the City of Detroit in the City of New York, or the bonds to the highest bidder unless they shall
deem It for the Interests of the City to reject
at tiie office of the City Treasurer, at the option
such bid.
of the holder.
These bonds are authorized by the charter of,
A. W. REYNOLDS,
EDWARD F. BRUSH,
and laws relating to, the City of Detroit, and by
City Clerk.
Mayor.
resolutions of the Common Council of the City of
Detroit adopted March 28, 1906, and by resolu¬
tions of the Board of Estimates of said city
adopted April 30 1906.
By authority of an Act of the Legislature,
approved June 6th, 1901, they are
EXEMPT
FROM
CITY
TAXATION.
Said bonds will be Issued in coupon form, but
will be exchanged for registered bonds at any
time upon application of the owner.
Bonds can only be delivered at the office of the
Detroit, and accrued interest,
will be charged on delivery.
City Treasurer in
If any,
Separate proposals must be made for each
and be accompanied with a deposit In
issue,
money or certllled cheek on any national bank In
the United States, or a State bank In the City of
Detroit, for two per cent of the amount of the
bonds bid for, as an evidence of good faith.
A set of papers evidencing the legality of the
proposed issues; also the form of bonds and cou¬
pon, and a statement of the llnanclal condition of
the City of Detroit, may be had upon application
at this office.
The right to reject any or all bids
is expressly reserved.
RICHARD P; JOY.
Controller.
Speer & Sons Co.
First Nat. Bank
CITY
Building’, Chicago
COUNTY
AND TOWNSHIP
LOCKHART, TEXAS,
6% School Bonds.
Sealed bids will be received until 3 P. M.,
FEBRUARY 4, by M. O. Flowers, City Secre¬
tary, for $15,000 school house bonds, bearing live
(5) per cent Interest.
Securities are In denomi¬
nation of $500 and will mature in forty (40)
the city reserving the right to retire $1,500
In ten years, $3,000 In tlfteen
$3,500 In twenty years and $4,500 In twen¬
In live years, $2,500
years,
ty-live
years.
and
Principal
Interest
will
be
payable at the office of the State Treasurer,
Bank In New York City,
Bank In Chicago, at the
or
• •
option of the holder.
•
Certllled check for $200 must accompany each
bid.
M. O. FLOWERS,
City Secretary.
made
the National Park
at the First National
OF WINNIPEG
CITY
DEBENTURES
SEALED TENDERS addressed to the Board
of Control, and marked‘ Tender for Debentures,’’
will be received at the office of the City Comp¬
troller, City Hall. Winnipeg, Manitoba, up to
noon on
FRIDAY, the 1ST MARCH next, for
of $1,594,506 55.
City of Winnipeg debentures having an aver¬
age term of about 22 Lj years and bearing Interest
at the rate of FOUR PER CENT per annum,
the purchase
payable
half-yearly
In
London.
ROMHQ
-
England; New
York, Montreal, Toronto or Winnipeg, at the
holders’ option.
Principal payable in Winnipeg
In gold or Its equivalent..
$118,174 97 run 7 years from 1st May, 1906.
*’
57,365 93
" 10
90,330 02
" 15
318,218 04
" 20
920,417 59
“ 30
“ 17th Jan.
90,000 00
" 30
"
$1,594,506 55
Tenders may be for the whole or part; no ten¬
der necessarily accepted.
Purchaser to pay ac¬
crued Interest on current coupons and take de¬
livery .and make payment In Winnipeg.
Further Information desired will be furnished
on
D. S. CURRY,
CityiCompt roller
Winnipeg, 18th Jan., 1907.
application.
§200,000
SCRANTON, PA.,
SCHOOL BONDS
(PENN A.'
OF
SCRANTON
SCHOOL DISTRICT otTers for sale $209,000 4%
non-taxable bonds, bids to be in ljot later than
7:30 o’clock Monday evening, Feb. 11. 1907.
THE
For
CITY
particulars write to
EUGENE I). FELLOWS
Secretary.
718 Cornell Building. Scranton. Pa.
Specialists in New Jersey Securities.
Eisele & King,
or at
BANKERS.
Members of New York and Philadelphia
Stock Exchanges.
Private Wires to
N.Y. and Philadelphia.
757«75!) Broad 8t»
N RVVA liK.
F. B. SHERMAN & CO. BONDS w!?hoS?
FHtnbllHhed 1883.
H. C.
§15,000
years,
LOANS
NEW
NEW LOANS.
MUNICIPAL
and
CORPORATION
)
[ BONDS
)
205 La Salle Street,
COUPONS
part¬
If the latter, tbenean be
with steel-olato borders, or ith^grnphc'l. or
CHICAGO
ly printed from type.
DELIVERED
IN FEW
DAYS
In best manner, or
lithographed and partly printed
Certificates engraved
ALBERT B. KING &
Duttlv
CO., 2C6 Broadway, N.
Y
291
THE CHRONICLE.
Feb. i* 1907. J
§200,000 4% coupon building bonds. Those securities are
part of an issue of §250,000, of which §50,000 bonds maturing
Feb. 1 1914 will be purchased by tin* Sinking Fund.
De¬
nomination $1,000.
Date Feb. 1 1907. Interest semi¬
annually at the office of the District Treasurer in Scranton.
Maturity of bonds to be sold", $50,000 on Feb. 1 in each of
$150 an issue of $17,000 5% school-building bonds.
nomination $1,000.
Date Nov. 1 1906.
Interest April
October^
Maturity twenty years. The bonds have
De¬
and
not
sold.
Steelton, Ont.—Debenture Offering.—Further details are
at hand relative to the offering on Feb. 2 of the $S7,000
water-works and the $10,000 building debentures mentioned
in V. 84, p. 175.
Proposals for these securities will be re¬
ceived until 8 p. m. on that da}' by J. Robinson, Town Clerk.
Interest will be at the rate of 4and payments will be
made at the Imperial Bank of Canada in Sault Ste. Marie,
yet been
Bonds are exempt
2% of the bonds required.
Accrued interest to be paid by purchaser.
Ont.
The water debentures will mature part yearly for
The official notice of this bond offering will be found among
thirty years and the building debentures part yearly for ten
the advertisements elsewhere in this Department.
years.
Total debt,including this issue, $118,000. Assessed
Sioux Falls, Minnehaha County, So. Dak.—Bond Offering.
valuation 1906, $1,332,509.
—Lewis Larson, City Auditor, will offer at public auction
atS p. m. Feb. 12 $68,000 5%coupon refunding bonds.
Stockton, San Joaquin County, Cal.—Bond Sale.—On
De¬
Date March 9 1907. Interest semi¬ Jan. 28 the $187,000 5% 1-40-year (serial) gold coupon
nomination $500.
annually in New York City. Maturity twenty years. Suc¬ street-improvement bonds described in V.. 84, p. 121, were
cessful bidder will be required to deposit a certified check for awarded to P. B. Fraser for $208,671, the-price thus being
5% of the amount bid, payable to the City Treasurer. Ac¬ 111.588—a basis of about 4.153^2
crued interest to be paid by purchaser.
Trenton, N. J.—Bond Bale.—On Jan. 29 the $300,000 cityg^Sleepy Eye, Brown County, Minn.—Bond Offerings.—Pro¬ hall, $100,000 water and $63,000 sewer-certificate-fundingposals will be received until S p. m. Feb. 12 by the City assessment 4% registered bonds described in V. 84, p. 236,
Council for $15,000 funding, refunding, street-improvement were awarded to H. K. Stokes of New York City at 101.152,
and drainage bonds.
Authority election held Nov. 6 1907. 101.152 and par respectively. The bids were as follows:
$300,000 $100,000 $63,000
Maturity $5,000 in five years, $5,000 in ten y'ears and $5,000
1937.
the years 1917, 1924, 1934 and
from all taxes. 'Certified check for
in fifteen years.
Stamford, Conn.—Bond Offering.—Proposals will be re¬
ceived until 12 m. Feb. 26 by William N. Travis, City Treas¬
Denomination
urer, for $25,000 4% refunding bonds.
$1,000. Interest semi-annually at the office of the City
Treasurer.
Maturity thirty years. Certified check for 2%
of the amount bid, payable to the city of Stamford, is re¬
quired.
The official notice of this bond offering will be found among
the advertisements elsewhere in this Department.
Stamford School District, Texas.—Bonds Offered.—This
district has placed with a broker for disposal at par plus
II. K. Stokes. New York
A. B. Leach «5c Co., New York
N. W. Harris & Co.. New York
Kountze Bros., New York (bid for
water
bonds.
bonds.
101.152
101.070
100.818
101.152
101.079
sewer
bonds.
all)
100.818
Tuskegee, Macon County, Ala.—Bonds Not Yet Sold.—We
are advised that no satisfactory offer has yet been made for
the $20,000 sewerage bonds offered but not sold May 15 1906.
Uniontown, Fayette County, Pa.—Bond Sale.—We are
informed that on Dec. 6 1906 the $80,000 building and the
$50,000 street-improvement 4% 24-year bonds described in
V. 83, p. 850, were awarded to the Dollar Savings Bank of
Pittsburgh at par. These are the same bonds the salefof
which
reported last October to Holmes,
was
Wardrop & Co.
NEW LOANS.
NEW LOANS.
^25,000
#1,000,000
*408,000
4% REFUNDING
Montgomery, Ala,,
Conn. City of Baltimore, Md, City of
4**% Refunding Bonds
SEWERAGE STOCK
BONDS.
will he received by the City
Treasurer, William N. Travis, ol' the City of
Stamford, Connecticut. until 12 o’clock M., on
Sealed proposals
the 26TH DAY OF FEBRUARY. 1907.
Bonds are of $1,000 denomination
Interest at the rate of 4% per annum,
and bear
payable
Treasurer’s office in Stam¬
semi-annually at the
ford, Conn., and will mature in thirty years.
All proposals must be accompanied by a certi¬
fied check to the amount of 2% of the sum of
the bid, payable to the City of Stamford.
Bids
will be opened by the City Treasurer in the City
Hall on tne 20th day of February, 1907, at 12 M.
No bid will be considered for less than par.
Cltv reserves riirht to reject any and
all bids.
‘
WILLIAM X.
TRAVIS. City Treasurer.
Baltimore, Md.. January 24, 1907. 5
Proposals will be received at the Mayor’s Office,
City Hall,
Baltimore, until 12 o’clock noon,
THURSDAY. FEBRUARY 7, 1907, for the
purchase, in whole or in part, of $1,000,000 00
of the registered stock of the City of Baltimore,
redeemable on the first day of October in the
the rate of
bearing Interest at
year 1980 and
3 Vs per centum
payable semi-annual¬
ly on the first day of April and October In each
and every year.
The interest will commence
per annum,
October 1, 1906.
•.This stock is Issued in pursuance of an Act of
the General Assembly of Maryland passed at
January session in the year 1904, Chapter
and by virtue of Ordinance No. 227 of the Mayor
and City Council of Baltimore, approved
1905, which provided for the “Issuance
stock of the Mayor and City Council of Baltimore
•
its
349.
March 20
of the
not exceeding $10,000,000 for the pur¬
of providing money for the projection, con¬
struction and establishment of a New Sewerage
System for the City of Baltimore,” which ordi¬
nance was ratified by the legal voters of the City
!or a sum
DAY
L.
CO.,
&
Street,
BOSTON.
Baltimore
May 2, 1905.
New York
3 Nassau Street,
NEW YORK.
Oity Bonds
EXEMPT FROM STATE. COUNTY
AND CITY TAXES
INVESTMENT BONDS.
the
at
Municipal
Street,
of stock
Issue In
Bonds are of $1,000 denomination and bear
per cent Interest, payable
New York City, N. Y., and will mature in thirty
years.
semi-annually In
4^
certi¬
All proposals must be accompanied by a
fied cheek In the amount of 2 per cent of the
sum of the bid, payable to R. S. Williams, City
Bids will be opened by the Mayor
Treasurer.
at noon on
the 11th day of
bid will be considered for
crued
Interest.
Validity
the
of
for
and all bids.
Proposals must be sealed and addressed to
President of the Board of Commissioners
Finance, City Hall, and marked “Proposals
Baltimore City Stock.”
The right is reserved to
reject any
WILTO N S X O W D E X.
President, Board of Commissioners
of Finance for Baltimore City.
No
February, 1907.
less than par and ac¬
of bonds has been
favorably passed on by Messrs. Dillon & Hub¬
bard, of New York.
City reserves right to reject any and all bids.
M. TEAGUE. Mayor.
W.
&
ERVIN
COMPANY,
BANKERS,
bids for
«em
ers
ItOVJf*
43
$ New York Stock Exchange,
i Philadelphia Stock Exchange.
INVESTMENT.
FOR
Exchange Place,
Drexel Building,
Philadelphia.
New York.
THOMAS. Clerk.
COMPANY,
H. W. NOBLE &
Detroit.
Philadelphia.
MUNICIPAL
AND
BOSTON.
1st. 1907.
Tax thereon,
New York.
60 State
Election held
The City does not tax any of its Issues
and takes the place of the holder of tills
the payment of the annual State
for which the holder is legally liable:
All bids must be made Hat, and no
“all or none” will be received.
J. SEWELL
Perry, Coffin & Burr,
received by the City
of the city of Mont¬
11th day of February,
1907, for the purchase of $468,000 refunding
bonds, with accrued interest, dated January
Sealed proposals will be
Treasurer, R. S. Williams,
gomery, Alabama, until the
pose
of
BANKERS,
35 Congress
par.
100.079
100.818
$407,259 60 or 100.92
1
NEW LOANS.
City of Stamford,
R
city-hall
CORPORATION
PUBLIC SERVICE
Mac
Donald, McCoy & Co.,
AMD
MU met PAL
CORPORATION
BONDS.
181 La Salle
Street, Chicago.
BONDS
MUNICIPAL AND
RAILROAD
INVESTMENT BONDS
BONDS.
LIST ON
APPLICATION.
SEASON GOOD &
MATED
Mercantile Library Building,
CINCINNATI.
Lists upon
Denison &
request,
Farnsworth,
BOSTON
CLEVELAND and
PHILADELPHIA
Blodget, Merritt & Co
,
BANKERS,9
s.
16 Congress Street,
SO NASSAU
Boston.
STREET. NEW YORK.
STATE. CITY A KaILKOAD
BONDS
292
THE CHRONICLE
University Place, Lancaster County, Neb.—Bonds Voted.
land,
—On
Jan. 9 the issuance of $5,000 water-main-extension
bunds was authorized by a vote of 149 to 40.
This item inad¬
“Chronicle” of Jan. 19.
(P. O. Virden), Man.—De¬
be received until Feb. 15
by A. \V. H. Smith for $5,000 5% debentures. Denomina¬
tion $250.
Interest annually on Feb. 1 at the Union Bank in
Winnipeg. Maturity $250 yearly on Feb. 1.
Virginia Beach, Princess Anne County, Va.—Bond Bale.—
Tin* following bids were received on Jan. 20 for the $20,000
0r; 20-year coupon water bonds a description of which was
given in V. 84, p. 237:
...
-
....
Ami cost of
n
_
.
101 for 0s.
public-llbrary-site debentures due Dec. 51 1926.
consolidated debentures due Dec. 9 1950.
Collegiate Building addition debentures due Dec. 51 1950.
sewerage debentures due Dec. 31 1950*.
Rhoades & Co., New York. 100.5 1
(forj$50.000)'
100‘.7(» i.Tohn D. Kveritt & Co.., N, Y.100.51
Yonkers Savs. Bk., Yonkers. 100.577 Geo. M. Hahn, N. Y. (for
\V. ,1. Haycst&Sons. Cleve.. 100.45 < •$50,000)
100.225
Dominick &. Dominick, N. Y_ 100.41
!
* •• • *W42V.c *!/;f;
_
Youngstown, Ohio.—Bond Offering.—Proposals wnifbe
18 by Wm.G. Davies, City Audi¬
•
^-1
„
received until 2 p. m. Feb.
tor, for the followingjbonds:
Interest semi¬
annually at the office of Kountze Bros, in New York City.
Webster Groves, St. Louis Co., Mo.—Bond Election.—
An election will be held in this town to-day (Feb. 2) to vote
on
the question of issuing $35,000 water-main-extension
Mercer Street sewer bonds.
Maturity $479 yearly on
from 1908 to 1912 Inclusive.
1 .610
Rose Street sewer bonds.
Maturity $522 yearly on Oct.
1908 10 1912 inclusive.'
795
Cherry Street sewer bonds.
Maturity $159 yearly on
from 15)08 to 1912 inclusive.
2.600 5°;, Myrtle Avenue sewer bonds.
Maturity $520 yearly on
from 1908 to 19 12 Inclusive.
1 .000 5% Oakland Avenue sewer bonds!
Maturity $200 yearly on
from 1908 to 1912 Inclusive.
$2,595
bonds.
West Ridgeway, Hardin and Logan Counties, Ohio.—
Bond Sale.—On Jan. 7 the $1,000 5% bonds were awarded
to John Morrison of Mt.
Victory and to the Ridgeway Bank¬
ing Co. at par. See V. 84, p. (>4.
West St. Paul, Dakota County, Minn.—Bids
Rejected—
Bond Sale.—All bids received on Jan. 7 for the
$14,000 5%
The above bonds will be
White Plains, N. Y.
Bond Sale Not ('onsunnnated.—We
informed that tic* sale of the $85,000 4% water bonds,
awarded on Dec. 3 1906 to W. J. Haves At Sons of Cleve¬
are
AUCTIONEERS.
Regular Weekly Sales
ctareo
OFFICE
OF
T
Trusters, in conformity with the Charter of
ETEBI WEDNESDAY.
Premiums
Premiums
on
Total
Marine
Premiums.
Premiums marked ofT from 1st January,
Interest received during the year.
Rent, less 'Paxes and Expenses
.
KleyboIte& Co.,
Walnut
Street,
CINCINNATI, O.
...
$5,190,241 67
582,191 98
7
$5,772,455 65
December, 1906..
$556,457 98
125.501 85
$481,959 85
1906, to 51st
.
.
.
$5,081,714 52
.
..
.
Dosses paid during the year which were estimated In 1905
and previous years
$509,817 14
Losses occurred, estimated and paid in 1906.
1,009,224 52
.
Less Salvages
Re-Insurances
Municipal,
County,
State,
Public
-
December, 1906
VTREIT
Corner Pin* Street.
High-Grad*
$1,519,041 46
$107,176 57
.
.
.
150.190 74
257.567 51
$1,061,674 15
Returns of
Service
Securltlee
Premiums.
.
$62,411
.
11
Expenses, including officers’ salaries and clerks’ compensation, sta
tionery, newspapers, advertisements, etc
$544,098 27
The Company has the following Assets, viz.:
United States and State of New .York Stock, City, Bank and other Securities.
Special deposits in Banks and Trust Companies
-
CorresDOUdenee Soiiofrted
„
.
$5,697,108 00
700,966 67
.
...
A
Financial
Or
a
1907.
the Company, submit the following statement of Its affairs
December. 1906.
Marine Risks from 1st January, 1906. to 51st
Policies not marked oh 1st January, 1906
on
York. .January 22d,
the 5 1 st of
on
nb4
Interest
ATLANTIC MUTUAL INSURANCE COMPANY.
New
STOCKS and BONDS
409
in)51907.
rcu.
THE
OF
Albert
Oct. 1
MISCELLANEOUS.
Adrian H. Muller & Son
WILLIAM
Oct. 1
Citv Treasurer's office.
INVESTMENTS.
65
Oct. 1
semi-annually. at the office of the City Treasurer. Bids
must be made for each block of bonds separately and must
be accompanied by a certified checkffor 2% of the bonds bid
for, payable to tin* City Auditor.
Purchasers must be pre¬
pared to take the bonds not later than Feb. 20 the money
to be delivered at one of the banks in Youngstown orjat the
the State of Minnesota.
No.
1
1 from
1,920 5% Pine Street grading bonds.
Maturity $584 yearly on Oct. 1
from 1908 to 1912|incluslve.
Rigby and Bruce Street sewer bonds.
Maturityl$448jyeaiiy on
Oct. 1 from 1908 tojl 1)12 Inclusive.
School refunding bonds described in V. 84, p. 64,
rejected. The bonds were subsequently awarded to
«•
Oct.
2.240 5%
coupon
were
414%
4 !<t %
4*4%
4 .*-4 %
Yonkers Sacs. Bk., Yonkers.
too
lithographing bonds.
at
re¬
stated in
Yonkers, N. Y.—Bond Sale.—On Jan. 30 the $100,000 5%
2-year redemption bonds described in V. 84, p. 237, were
awarded $50,000 to the People's Savings Bank of Yonkers
at 100.76 and.*$50,000 to the Yonkers" Savings Bank at
100.577.
Following are the bids:
Wallowa, Wallowa County, Ore.—Bond Sale.—On Jan. 3
$10,000 10-20-year (optional) coupon water-works-const ruc¬
tion bonds were awarded to the Eastern Oregon Trust &
Savings Bank of La Grande*
as
Interest annual.
ioo.no
a
being
are
Feb.’ll,
Woodstock, Ont.—Debenture Offering.—Proposals will be
by John Morrison, City Clerk,
$5,00()
7,000
20,000
10,500
100.50
.
•
on
I. XXXIV.
received until 12 m. Feb. 20
for the following debentures:
Virden School District No. 144
benture Offering.—Proposals will
.
place
V. 84, p. 237.
f
These bonds
was never consummated.
offered and the sale will take
vertently appeared under the head of Lincoln, Neb., in the
W. J. Crosby, Norfolk (for $4.0<M>)
M. T. Cooke, Norfolk (for $1,000)
Hank' of Princess Anne, Virginia Beach (for $20,000)
[VOL.
Courtship
Plea for Conservative
Investments
Real Estate corner Wall and William Sts., and Exchange
Other Real Estate and claims due the Company
Place
$4,299.000 00
75.000 00
.
Premium notes and Bills Receivable
(’ask in
hands of European Bankers to pay
countries
Cash In bank.
...
....
..
4,574,000 00
1.191 .974 88
losses under policies payable in foreign
.....
271.142 54
562.651 65
....
—
$1 2.797.825 72
Aggregating
(By Frank W. Rollins)
The above book will be furnished
without cost on application to
E. H ROLLINS & SONS, 21 Milk
St.. Boston
A dividend of Six per cent interest on the outstanding certificates of profits will be paid to the
holders thereof, or their legal representatives, on and after Tuesday tlu* Fifth of February next.
The outstanding certificates of tin* issue of.1001 will be redeemed and paid to the holders thcreol.
or their legal representatives, on and after Tuesday the fifth of February next, from which date
all Interest thereon will cease:
The certiorates to he produced at the time of pavment. and canceled
A dividend of Forty per cent is declared on the net earned premiums of the Company for the
year ending 51st December. 1906. for which, upon application, certificates will be issued on and
after Tuesday tlie* seventh of May next.
By
Atlantic Mutual Inauranoe Company
or All Years Bought and Sold.
Scrip
order of
(i.
the
Board,
ST ANTON
FLO YD-JONES.
Secretary,.
TltrSTI'VS.
johnNo. m.gTLlespie,
Atlantic
Room
49-51
518
Wall Street,
Building,
NEW
YORK
OTTO JULIUS MERKEL
44
AND
45
BROKER
WALL ST.
NEW
HERBERT L. GRIGGS;
ELEMENT A. GKISCOM.
ANSON W. HARD.
MORRIS K. JESUP.
LEWIS C.\SS LKDVARD.
FRANCIS H. LEGGETT.
CHARLES i). LEVER IC11,
I.LANDER N. 1.0 V ELL,
GEORGE H. MVY.
CHARLES ! I. MARSH \LE,
W. H. It. MOORE.
NICHOLAS F.
PALMER.
HENRY PARISH.
DALLAS B. PRATT.
GEORGE W. QUINTA HD.
A. A. RAVEN.
JOHN
RIK ER.
DOUG LAS ROBINSON.
GUST W II
SCHWAB.
WILLIAM A. STREET.
.
YORK
INVESTMENT SECURITIES.
Corrwpondrnro lanied
GUSTAV’ AMSIXCK.
FRANCIS M. BACON.
JOHN X. BEACH.
WILLIAM B. BOULTON’.
VERNON N. BROWN.
WALDRON' P. BROWN.
JOSEPH If. CHAPMAN.
GEORGE C. CLARK.
CLEVELAND II
DODGE.
CORN EMUS ELDER T.
RICH ARE II
EW \RT.
A
R WEN. IT< sident.
CORNELIUS ELDERT. \le, /'resilient.
JAMES L. LIVINGSTON. 2d Vice f'resilient.
SWTO'U)
CM \ RI.l !S
E.
!•:.
COBB. 3d V
Ur, sfttent.
FAY, 4 tit Vice rnsith nt.
Feb. 2
XX 1II
THE CHRONICLE
1907.J
Xvnst (Companies.
Mo
ht. Lou's.
Clearing
St. Louis
Member
Association
House
Capital & Surplus,
WM. MAFFITT,
Treasurer
President.
Commenced business Nov.
Transacts
16, 1899
Interest
Acts
Nov. 16. 1899
$1,667,051 19
F.ckloy
1902
$21,882,734 64
16, 1906,
Nov.
i
16,1904 $26,608,716 93
Nov. 16. 1905
j
$27,292,163 57
Executor. Guardian, Ad¬
ministrator and Trustee.
to act as
BOARD OF DIRECTORS;
T. Jefferson Coolidue Jk
Gordon Abbott,
Oliver Ames,
•
O. W. Amory,
Charles F. Ayer,
Samuel Carr,
B. P. Cheney,
T. Jefferson Coolidge,
Charles E. Cotting,
.
Company Business.
1
«
-
-
$2,000;000
500,000
.
UHRLAUB. Vice-President.
WILLIAM R. DAWES, Cashier.
L. D. SKINNER, Asst. Cashier.
MALCOLM'McDOWELL, Asst Secretary.
SAVINGS
TheTrust Company of
North America
503-505-507 Chestnut St..
Philadelphia.
ana
i'ranMer
BALTIMORE.
CAPITAL,
FIDUCIARY
«
*
$2,000,000
business transacted
DIRECTORS
Grier Hersh,
Josiah L. Blackwell,
Ernest Hoen Jr.,
G. Clymer Brooke,
George C. Jenkins,
II. Carroll Brown,
Joshua Levering.
John W. Castles,
Oscar G. Murray.
Joseph R. Foard.
B. Howell Griswold Jr., Henry F. Shoemaker,
James Speyer,
A. Barton Hepburn,
John T. HU!,
Douglas M. Wylie.
OFFICERS.
DIRECTORS
OFFICERS
JULIUS S. WALSH, Chairman of the
BRECKINRIDGE JONES, President
JOHN D
DAVIS, Vice-President
j
Corpora turns
Trustees.
Maryland Trust Co*
John I Beges
D. R. Francis
R. J. O’Reilly.MD
i Wilbur F. Boyle August Gehner
H. Clay Pierce
J. Ram<*ey Jr.
James E. Brock
S. E Hoffman
Murray Carieton Chas. H. Huttig James E. Smith
! Charles Clark
Breckln'ce Jones Robt.H. Stockton
i Horatio N. Davis NeBon W.McLeod Julius S. Walsh
John 1>. Davis
Saunders Norvell Koila Weils
Wm D. Orthwein
Aug B. Ewing
!
Guardians.
BOARD OF DIRECTOR-*,
William E ndleott. Chairmap.
Frederick P. Fish.
Walter C. Baylies,
Morrle Gray,
Alfred Bowditch,
Franklin Haven,
Charles F. Choate,
James P.. Hooper.
Alexander Cochrane,
James M. Premier gnat,
Edmund D Cod man,
George S. Sllsbee.
f. Jefferson Cooiklge.
Lawrence M. Stockton,
Charles H. Dalton.
Nathaniel Thayer.
George Dexter.
George
Wtgglesworth,
Philip Dexter,
Davie R. Whitney.
William Farnsworth.
and PROFITS
AND
and
irotn
Equity, Executors. Administrators.
•
FOURTH & PINE STS., ST. LOUIS
CAPITAL SURPLUS
\«q coo (w«
FINANCIAL
or
.
MISSISSIPPI VALLEY
TRUST CO.
AND TRUST
DEPARTMENTS.
$1,000,000
2,000,000
WHITNEY, Asst. Treasurer.
Sec.dcMgr.Safe D.D’t.
H. D. HEATHFIELD, Assistant Sec.
F. J. BURR AGE, Assistant Secretary.
GENERAL
Law
CHARLES H. DALTON, Vice-President
CHARLES F CHOATE, \ lee-PTesklent.
FRANKLIN HAVEN. Vice-Presidem.
JAMES R. HOOPER. Actuary.
HENRY N. MARK. Seeretar
FRED K W. ALLEN. Asst.-er ATreas.
*
THOMAS E. EATON, Am. TreasumFRANCIS R. JEWETT. Trust Officer
HENRY A. FENN,
\
$1,000.00C
2 GOff coo
OFFICERS.
DAVID R. WHITNEY. President
under
W. L.
Sec.
CHARLES G. DAWES, President,
w
IRV ING OSBORNE, Vice-President
BANKING,
Trustee
CHARLES E. ROGERSON. President.
JAMES LOXGLEY, Vice-President.
WILLIAM C. WILLIAMS, Vice-Pres't.
G. E. GOODSPEED, Treasurer.
CHICAGO
-
-
Agent and Registrar oi Stocks and Bonds.
Interest Allowed on Deposits Subject tc Check
Deposits Subject to Check
on
Capital - - - «
Surplus (Earned)
TRUST COMPANY
OF ILLINOIS,
,
-
SURPLUS,
Also acts as Trustee under Mortgages and as
—
CENTRAL
*
as
\
Jr., President.
CHARLES L. BURRILL, Vlce-Prest. & Treas.
J. H. PERKINS, Vice-President.
«
CAPITAL,
individuals.
Railroad and other
Mortgages and is authorized to act as Executor
Guardian. Administrator and Trustee.
Acts
Eugene N. Foss,
Capital)
Surplus,
Stephen M. Weld,
Assignees,
Banking Business.
Interest Allowed
T. JEFFERSON OOOLIDGE
C. H. BOWEN, Secretary.
E. A. COFFIN, Asst. Treasurer.
G. W.
AU RYANSEN.
Asst.
Frederick P. Fish.
Authorized to act as executor and to receive
hold money or property in trust or on dcjiosit
Registrar.
BOARD OF DIRECTORS:
N. \V. Jordan. Chairman.
William A. Gaston,
C. F. Adams 2d,
Elmer P. Howe,
Rodolphe L. Agassiz,
John
Lawrence,
F. Lotlirop Ames,
John S. Lawrence.
Hobart Ames,
I.ester Leland,
Edwin F. Atkins,
S. E. Peabody,
Frederick Ayer,
Francis Peabody Jr.,
Charles S. Bird,
Royal Robbins,
A. G. Bullock,
Samuel Carr,
Henry A. Reuter,
P. L. Saltonstall,
Gilmer Clapp,
T. Jefferson Coolidge Jr. R. Paul Snelllng,
Frank W. Stearns,
Gordon Dexter,
William R. Driver,
Eugene V. R. Thayer.
Charles W. Whittier,
F. C. Dumalne.
George F. iabyan,
E0ST0N; LAE3.
and
Trust
George v. L. M* yer,
Laurence Minot,
The NEW ENGLAND
TRUST COMPANY,
At ASS
Genera!
a
Henry s. Howe.
Richard Olney.
Nathaniel Tliayer,
Lucius Tuttle.
Courts or
Transacts
...
.
Chairman.
Reginald Foster.
George P Gardner,
Walter Hunnewell,
Thomas L.Livermore,
F'.ben S. Diaper,
Company
BOSTON
,
Robert F. Herrick,.
Philip Dexter,
Safe Deposit
Trust
Interest allowed on Deposits Subject to Check.
Trustee under Mortgages, 'Transfer Agent, and
Board
HERSH...
President
GRIER
ALLAN McLAXE
Vice-President
L. S. ZIMMERMAN
Secretary
CARROLL VAN NESS
Treasurer
JERVIS SPENCER Jr___ Asst. Treasure
1 VAN SKINNER
Asst. Secret ary
SAMUEL E. HOFFMAN, Vice-President
JAMES E. BROCK. Secretary
HUGH R. LYLE, Asst. Secretary
HENRY U 1BBOTSON, Asst. Secretary
C. HUNT TURNER Jr.. Asst. Secretary
FREDERICK VIERLING, Trust Officer
HENRY SEMPLE AMES,
Asst. Trust Officer
CH ARLES M. POLK, Asst Trust Officer
WILLIAM G. LACKEY. Bond Officer
WM. McC. MARTIN, Asst. Bond Officer
TOM W. BENNETT, Real Estate Officer
C. W. MORATH. Safe Deposit Officer
FOR SALE
___S1,000,000
CAPITAL
Wisconsin Trust
ADAM A. STULL, President.
HENRY G. BRENGLE, 1st V ce-Prcs. & Treasurer.
JOS. S. CLARK, 2d Vice-Pres., Superv’g Trust Dept.
« HAS. P.
LINEAWEAVER, Sec. & Asst. Trust Officer
DIRECTORS.
J. Levering Jones,
Henry G. Brengle,
Malcolm Lloyd.
James Crosby Brown.
John Mellhenny.
John Cadwalader,
E. W. Clark Jr.,
B. Coxe Jr.,
S. Dixon,
Eugene L. Ellison,
Joseph C. Fraley,
Harry C. Francis.
Henry L. Gaw, Jr..
Howard S. Graham,
Samuel F. Houston.
as
CHRONICLE BOUND VOLUMES
Co,,
MILWAUKEE.
j
Capita1,
-----
Surplus,
-----
Transacts
Richard Wain Meirs,
Clement B. Newbokl,
John W. Pepper,
Wi liam F. Read.
Frank Samuel.
Adam A. Stull,
Edward D. inland,
a
$500,000
100,000
General Trust Co Business,
Buys and Seiis
High Grade Investment Bonds.
OFFICERS.
OLIVER C. FULLER. President.
FREDERICK KA5TEN, Vice-President
Joseph R. Wnimvright,
William D. Winsor.
Trustee,
Registrar,
Etc.
Becomes Surety. Complete Set of Safe Deposit
Vaults Interest on Deposits
Acts
Stock.
AND
BOSTON. MASS.
$1,000,000
$1,500,000
'Transacts a General Banking and Trust
Edwin
A GENERAL
BANKING
ALLOWS INTEREST ON
DAILY
BALANCES SUBJECT
TO
CHECK.
MORTGAG¬
TRUSTEE, UNDER
AGENT.
REGISTRAR.
ES.
TRANSFER
BUSINESS.
legal Depositary for Court Funds, and author¬
Boston
CAPITAL
SUiWIiUS (Earned)
A.
Transfer of
$7,000,000
=
TRANSACTS
Constant Growth
AMERICAN LOAM &
TRUST COMPANY,
w
Deposits Subject to Check
on
$27,984,599 63
The moot :f oood Service is
.
Allowed
PHILIP STOCK TON, President.
Charles F. Adams 2d.
Henry C. Jackson.
Orlando li. Alford,
George E. Keith.
Gardiner M. Lane
F. Lothrop Ames,
Arthur Lyman,
John S. Bartlett.
Maxwell Norman.
T. Jefferson Coolidge Jr.,
Robert T. Paine 2d.
Charles E. Cotting.
Andrew \V. Preston.
Alvah Crocker,
Richard S. Russell
Livingston Cushing,
Howard Stockton
George A. Draper.
Charles A. Stone,
William F. Draper.
Wllmot R. Evans,
Quincy A. Shaw Jr.,
Nathaniel Thayer.
Frederick P. Fish,
Robert F. Herrick
Henry O. Underwood
Francis L. lligginson,
W. Seward ,Webb.
Sidney W. Winslow.
Nov.16,1903 §21,766,471 73
Nov.
Capital and Surplus,
DIRECTORS.
1901
$11,780,418 95
16,
$4,000,000
Trustee under Railroad and other Mort¬
gages; also as Agent for the Registering
ized
$4,429,448 02
Nov.
-
as
and
A
Nov. 16. 1900
Nov. 16,
-
BOSTON, MASS.
General Trust and
a
COLONY
TRUST CO.
Banking Business
RESOURCES
[“
MASS
BUNKER HILL BRANCH:
City Square, CHARLESTOWN. MASS.
Capital and Surplus, $9,500,000
FESTUS J. WADE,
BOSTON.
STREET.
STATE
50
CO. OLD
TRUST
CITY
Mercantile Trust Co.
Executor,
*
GARDNER P. STJCKNKY Treasurer.
FRED C BFS'i
becreui'v
R. L. SMITH, A vs i Secretary
Second-hand Set
j
1884-1905
j
j
Volumes
contain only one
Quotation,
Railway and Street Railway
Supplement.
Commercial & Financial Chronicle,
763^2 Pine St., New York.
[i
[Yol. lxxxiv.
THE CHRONICLE.
xxlV
%vn&t ®0mpatiics.
Union Trust
OF -N^E \V YORK.
28 Nassau Street
80 Broadway,
1 rust company
uaranty
AND IS
ACCOUNTS AND ON CERTIFICATES OF DEPOSIT.
Carefully Selected Securities for Investment Mailed upon Application
OFFICERS!
HENRY,Vice-President-
ALEXANDER J. HEMPHILL, Vlce-Presl4ent.|GE0HGE GARR.
MAX MAY, Manager Foreign Department.
WM. C. EDWARD8, Treasurer.
B. C. HEBBARD, Secretary.
F. C. HARRIMAN, Assistant Treasurer.
R. W. SPEIR, Manager Bond Deportment
R. C. NEWTON, Trust Officer,
Letters of Credit and
Foreign Drafts.
DIRECTORS.
A. BARTON
Bank of the Manhattan
Co., New York.
Pres.
Pres. Seaboard
Vlce-Pres. Nat. Park
3d Vice-President.
Nat. Bank, N Y.
JAMES G. CANNON,
EDGAR L. MARSTON,
EDMUND C. CONVERSE,
Blair A Co., Bankers,
New York.
Vlce-Pres. Chase
New York.
J. P. Morgan A Co„ B'kers, N.Y.
WILLIAM H. PORTER,
HENRY P. DAVISON
Vlce-Pres. First Nat. Bank,
JAMES H. ECK
N.Y
Vice-Pres. Liberty Nat.
WALTER E. FREW,
B’k, N.Y.
EDWARD F. SWINNEY,
Vice-Pres. Corn Exchange Bank
Nbw York.
Kidder, Peabody A Co..
Bankers.
Boston.
SAMUEL WOOLVERTON,
DANIEL G. REID,
Pres. Com. Nat. Bans. Chicago.
Bank.
ROBERT WINSOR,
Bank, N. Y.
Pres. Chemical Nat.
LS.
Pres. 1st Nat. B’k, Kansas
Pres. Gallatin Nat. Bank, N.Y.
EDWARD F. C. YOUNG.
Pres. 1st Nat. Bank.
City.
Jersey City
t Registrar.
corporations.
Aets as Executor, Administrator and Guardian t Assignee and Receiver
Transfer and Fiscal Agent t and as Trustee for Individuals and
ALLOWS INTEREST UPON DEPOSITS.
J. F.
THOMPSON
D. E.
T. W. LAMONT
2d VICn-PRSaiDSNT
OFFICFR4
W r r I W 6(1
VICE-PRI8IDINT
B. STRONG
CONVERSE
E. C.PRESIDENT
POMEROY
TREASURER
JR.
8SORJBTARY
F. N. B. CLOSE
H. W. DONOVAN
ASSISTANT TRUST OFFICER
ASSISTANT TREASURER
Capital, Surplus and Undivided
Bank. N.Y.
Nat.
NASSAU, NEW YORK.
cor.
OFFICERS.
JOHN L WATEBBURY,
73d Street and B' way
NEW YORK
55 Cedar Street
Trust Company receives
The Manhattan
DIRECTORS.
James J.
Francis R. Appleton.
Undivided Profits
Assets over
.
.
....
$6,000,000
John Kean.
George F. Baker.
John J. Mitchell.
Oliver H. Payne.
August Belmont.
Walter P. Bliss.
E. D. Randolph
H. W. Cannon.
Grant B. Schley.
Cross.
Rndulph Ellis,
Amos Took French
8. L.
R. T. Wilson.
Girard Trust Company
given all branches
as
.
Banking Business
The
Are You
Bank ?
WRITS
standard, uniform Money Order of the
only system at the service of banks
absolutely Free of Charge, Orders can be
issued payable at any point in the United
States, Canada, Mexico, Cuba, Europe, Asia,
North Africa and Australia.
Tne most
flexible medium of exchange in use. All
charges you make to thb public are your
oum profit.
is the
Money Order
FOR PARTICULARS
BANKERS’ MONEY ORDER
Bank nf Discount Building.
O. J. Rhoads, 3d Vice-Pres, and
Edward S. Pack, Secretary.
Effllngnam B. Morris,
John A. Brown Jr..
Benjamin W. Richards,
John B. Garrett,
William H. Jenks,
William H. Gaw,
Vaults
Treasurer.
Francis I. Gowen.
Geo. II. Me Fad den,
Henry Tatnall.
Isaac 1T. Clothier
Thos. DeWitt Cayler.
N. E,
C. Hartman Kuhn
James Speyer,
Augustus D. Jutlltard.
Edward J. Berwind,
Randal Morgan,
Edw. T. Stotesbury.
Charles E. Ingersoll,
John Story Jenks Jr.
Henrv B. Coxe Jr.
E. O. Felton
Cor.tBroad and Chestnnt Streets,
PHILADELPHIA,
INVESTORS READ
The Wall Street
TO THE
That's why It pays
ASSOCIATION,
313-315 West 59th Street, New
In Burglar-Proof
W4NAGERSI
WORLD OVER
Bankers’ Money Order Association is now a
familiar feature of American banking. This
a
Trust©#.
Executor. Administrator,
Assignee and Receiver.
E. B. Morris, President.
W. N. Ely, 1st Vice-President.
A. A. Jackson. 2d Vice-President.
'
ONE PIECE OF PAPER GOOD THE
1830l
Individuals or
Corporations.
Interest Allowed on Individual and
Corporation Accounts.
Acts as Trustee ot Corporation Mortgages.
Depositary under Plans ot Reorganization.
Registrar and Transfer Agent. .
Assumes entire charge of Real Estate.
838,000
40,000,000
Trust and
$10,000,060.
CAPITAL and SURPLUS,
Hales to Rent
attention
Schoonmaker.
John I. Waterbary
Financial Agent for
GEORGE M. CUMMINC. President
Careful
HilL.
Robert Bacon.
Acts
.
deposit*
subject to cheque, payable
through the New York Clearing House.
bearing interest and
Chartered
Capital and Surplus
President
JOHN KEAN,
I ViceAMOS TUCK FRENCH, ( Preeldente.
W. N. DUANE, Tlee-Preeldent.
R. J.
UNITED STATES
MORTGAGE & TRUST COMPANY
Profit*,
$3,000,000.
ALBERT H. WIGGIN,
GEO. W. PERKINS,
President.
WALL ST.
Pres.Importers’ & Traders’ Nat.
Bank, N. Y.
B’k, N. Y
Pres. Mechanics’ Nat.
Y
Vice-Pres. Fourth Nat. Bk. N
MANHATTAN
EDWARD TOWNSEND,
GATES W. McGARRAH,
5
TRUST CO.,
GILBERT G. THORNE,
THOMAS W. LAMONT,
8AMUEL G. BAYNE,
8500,000
Vice-President.
N. Y.
Allows Interest on Deposits.
Hecnrltlew for Mnfe Keeping and
Receives
H. M. MYR1CK,
JOHN F. THOMPSON,
HEPBURN,
Pres. Chase Nat. Bank,
DEPOSITARY FOR MONEY.
j. V. B.
7 Wall
STEPHEN BAKER,
LEGAL
AUGUSTUS W. KELLEY. Viee-PresidentTHAYER. Vice Pre»t A Secretary.
E. R. MERRITT, 4th Vloe-Presldent
C. a RAWLINGS, Trust Officer.
H. M. POPHAM,
J
T.W. HARTSHORNS, \ Assistant Secretaries
BANKCRS TRUST
COMPANY
Street, New York.
Surplus
Capital 81,000,000
Undivided Profits, 8777,673
A
Colleetlen of Income,
TRUSTEES
James Henry Smith,
Edward King,
Charles H. Tweed,
R. T. Wilson,
James 8peyer,
Charles H. Lel&nd.
Robert W. (ioelet,
H. Van R. Kennedy
William Woodward,
W. Stolen Roosevelt,
Alex Smith Cochran,
Jas. T. Woodward,
John V. B Thayer.
Augustus W. Kelley,
Amory 8. Car hart,
N. Parker Shortrldge,
Walter P. Bliss.
Harrison B. Oawtry,
Frederick deP. Foster
Alexander Maitland.
EDWARD KING. President.
JOHN W. CASTLES, President.
Issues Travelers’
AUTHORISED TO ACT AS
Executor, Administrator, Guardian
Receiver or Trustee
INTEREST PAID ON CHECK
List of
88th St.
$1,000,000 OO
$8,092,662 44
CAPITAL,
8 UP PLUS,
Surplus, 85,500,000
Capital, 82,000,000
New fork.
Branch: 425 Fifth Ave., cor.
33 Lombard St., E.C.
LONDON
NEW YORK
Company
NEW YORK
OF
York
DOW, JONES dc CO.,
44
Journal.
advertisers.
BROAD 8T.. NEW
Publishers,
YORK
Feb. 2
XXV
THE CHRONICLE.
1907.]
£rust domjrautes.
Bowling Green Trust Co.
incorporated 1858.
BROADWAY* NEW&YORK.
26
United Ms Inst Company ot yen Ton,
Capital, $1,000,000 Surplus, $8,000,000
45 and 47 Wall Street.
OFFICERS:
EDWIN GOULD,
.
.
.
President
WILLIAM H. TAYLOR,
1st Vice-President CAPITAL,
(HAS. P. ARMSTRONG,
2d Vice-President
SURPLUS AND
JOHN A. HILTON, 3d Vice-Pres. and Treas.
.
WILLIAM M. LAWS,
.
Secretary
DIRECTORS:
John A. Hilton,
Myron T. Herrick,
Edward T. Jeffery,
franklin Q. Brown,
Robert C. dowry,
Edmond C. Converse,
Wm. Nelson Cromwell,
Grenville M. Dodge,
A Goepel,
Edwin Gould,
frank J. Gould,
George J. Gould,
William Willis Merrill,
Winslow 8. Pieroe,
Island
Rhode
WILLIAM M. KINGSLEY, Second
WILFRED J. WORCESTER, Asst.
Company,
PROVIDENCE R. I.
91,000,000
91,500,000
304,000 at
DIRECTORS:
Geo. W. R. Matteson,
William D. Ely,
Robert I. GammelL,
William Binney,
William B. Weeden,
Edward D. Pearce,
Robert Knight.
John W. Danielson.
Herbert J. Wells,
John C. Pegram,
Rowland G. Hazard.
Neison W. Aldrich,
Samuel R. Dorrance,
Howard O. Sturges,
Stephen O. Metcalf,
Walter R. Callender,
Gilbert A. Phillips,
Edward Holbrook,
James E. Sullivan.
Benjamin M. Jackson,
John R. Freeman.
Charles S. Mellon.
,
Lyman B. Gofl,
Robert W. Taft.
HERBERT J. WELLS. President.
EDWARD S. CLARK, Vice-President.
HORATIO A. HUNT, Vice-President.
WILLIAM A. GAM WELL, Secretary.
PRESTON H. GARDNER, Trust Officer.
CYRUS EL LAPHAM, Asst. Sec’y.
JOHN E. WILLIAMS, Asst. SeO»y.
sight
Certificates of
St. Paul
WALTER Q. BROWN. Asst. Sec’y.
%ugXu&ets.
Deposit (time and demand) issued.
RICHARD DELAFIKLD.
CORD MEYER,
JAMES W. TAPPIN.
PHILIP 8. BABCOCK.
Profits,
EDMUND L. JUDSON, Secy. & Treasurer.
J08EPH N. BABCOCK. Trust Offloer.
ROBERT L. SMITH, Asst. Seoret&ry
The American Mfg. Co.
TRUST
MANILA SISAL AND JUTE
BROADWAY,
{■
THIRD AVENUE & 148TH
*9
•.
|
ENGINEERS,
CONSTRUCT AND OPERATE
RAILWAY. LIGHT, POWER,
STREET.
$3,100,000
-
President
V ice- Presidents.
0*6RB°0^
CO. *
'b
Now York.
Bnlldlng, 222 Broadway,
JOHN K. BORNE,
Ns. 00
INCORPORATED,
DESIGN,
Trust Company
Li#
CORDAGE.
34TH ST. & FIFTH AVE.
Ns. 100 WEST 195TH STREET.
Byllesby & Co
H. M.
Chairman of the Board of Trustees.
Capital, Surplus and Undivided
HENRY L.8LADER, Asst. Sec’y.
,
CHA8. A.
solicits the accounts of corporations, firms and individuals, and
invites correspondence or personal interviews.
Interest allowed on daily balances, which are subject to check
Trust
Royal C. Taft,
Robert H. L Goddard,
JAMBS, Vice-President
Secretary
EDWARDS, 2d Asst. Secretary
HENRY B. AHERN,
Vic+Pres.
Secretary
Hospital Colonial
CAPITAL
SURPLUS EARNINGS
UNDIVIDED PROFITS
•
.
D. WILLIS
JOHN A. 8TEWART,
Dlok 8. Ramsay,
Frederick B. Sohenok,
Androw Squire,
William H. Taylor,
Edward R. Thomas,
John P. Truesdell,
E. V. O. Young.
•
President
EDWARD W. SHELDON,
Charles P. Armstrong,
frank Brainard,
Harry Bronner,
PROFITS,
UNDIVIDED
$2,000-000
$12,801,046
65
BARNEY, President.
F&ED’K L. ELDR1DGE, 1st Vice-President.
JOSEPH T. BROWN, 2d Vice-President.
B. L. ALLEN, 8d Vice-President.
WILLIAM TURNBULL, 4th V.-Pre
FRBD’K GORE KING, Sec. and Treat.
J. MoLEAN WALTON, Asst. Secretary.
HARRIS A. DUNN, Asst. Treasure:
Wall
8treet,
New
York.
OH ARLES T.
Whiting Papers
TRUST DEPARTMENT:
WILLIAM B. RANDALL. Trust Officer
HYDRAULIC AND
GAS PLANTS.
HARLEM BRANCH:
W. F. LEWIS. Manager.
Examinations and Reports.
American
Trust Building.,
OHIOAGO
The audit Company
of
BRONX BRANCH:
JOHN BAMBEY Manager.
New York,
1897.
ORGANIZED
NEWYOBK:
43 Cedftr Street.
For Fine
FINANCIAL REVIEW
Mtd for General Business Uses are
standard, made in Ledger, Bond,
Linen and Tine Writing in variety.
ANNUAL.
A
Year
Bosk
of
Statlstfca.
92.
Bennd In Cloth,
Commercial * Financial
Chroniole,
Correspondence
WHITING
Now York.
PAPER CO.,
Philadelphia. Chicago.
Mills: Holyoke. Mass.
76*4 Pine 8t., New York.
CHICAGO,
NEW ENGLAND OFFICE:
PHILADELPHIA.
15 State St., BOSTON.
AUGUST BELMONT,
Acting President.
WILLIAM A. NASH,
JOHN J. MITCHHL1
GEORGE W. YOUNG.
Vice-Presidents.
EDWARD T. PFRINE, Gen’l MgT. and Treas.
F. C. RICHARDSON, Assistant Treasurer.
Easton Bldg.,
<•
BARROW, WADE, GUTHRIE &
CERTIFIED PUBLIC
(New York and
This Company Audit« and Investigates Aocounti
and makes Physical Examinations of Properties.
Its Certificates and Reports are Prepared in behalf
Broad
Keeping Account*
Exchange Building,
26 Broad 8treet.
WilliamD.Marks, Ph.B.O.E.
Consulting Engineer and Statistician.
WORKS, ELECTRIC LIGHT WORKS,
ELECTRIC RAILWAYS, OIL MOTOR CARS.
GA8
Illinois.)
NEW YORK,
of Merohants, Bankers, Corporations, Committees
and others, in strict confidence. The Company also
Devises and Installs Money-Saving 8ystems of
339 Park Row Bldg.,
ACCOUNTANTS.
CO
New Yerb Clt>.
CHICAGO,
Royal Insurance Building.
18 8t
SAN FRANCISCO,
-617 Market Street
NEW ORLEANS,
Hibernia Bank Bldg,
LONDON, ENGLAND,
8within's Lane, E. C., Cable, uAdorJeatl
I
WOODWARD
& STILLMAN,
Fversz & Company
bankers
MERCHANTS
COTTON
STREET.
22 WILLIAM
16
COMMISSION MERCHANTS.
to 22 William Street, New York.
JNew York Stock Exchange.
New York Coffee Exchange.
Chicago stock Exchange.
Chicago board of Trade.
JExecute Orders
COTTON
At
the New York.
Cotton
71 Broadway
NETY YORK.
CHICAGO.
1855.
Hentz & Co., CHICAGO CITY MORTGAGES.
HIGH-GRADE INDUSTRIAL BONDS.
for Future Delivery
CHICAGO REAL ESTATE BONDS..
Liverpool and New Orleans
Exchanges.
orders for
CORPORATION l RAILROAD BONDS.
Exchange
Henry
BROKERS,
226 La Salle St,
8P1NNKR8.
TO WANTS OF
Established in
NEW YORK
RAILROAD BONDS
COTTON OF ALL
EGYPTIAN AND AMERICAN
COMPANY,
&
BANKERS AND
NEW YORK.
GRADES SUITABLE
GRANGER
FARWELL
37 PINE ST.
ST.
CHICAGO
220 LA SALLE
LXXXIV.
IfinmuciaL
financial.
Cotton.
16 to
IVOL
THE CHRONICLE.
XXVI
Also
(OPFEE
At the New York Coffee
GRAIN AND PROVISIONS
at the Chicago Board of Trade and
GRAIN AND COTTON-SEED OIL.
At the New York Produce Exchange
Hubbard Bros. & Co.,
HANOVER SQUARE,
DEALERS IN
SECURITIES.
INVESTMENT
PEABODY, HOUGHTELING & CO.
230 First National
Bank Bldj*.v
CHICAGO.
BUILDING,
COFFEE EXCHANGE
CIRCULARS.
SEND FOR
j Established l-^-o.
NEW YORK.
MERCHANTS.
COTTON
Liberal Advances Made on
Consign meats.
Co.,
Edwin L. Lobdell &
BROKERS,
BANKERS AND
Cotton
Rotunda,
Bldg., Chicago.
Rookery
Hopkins,Dwight & Co.,
(New York 8tock
Members
COTTON.
BANKERS.
New York.
80 Broadway.
Exchange,
^Chicago Stock Exchange,
(Chicago Board of Trade.
CO.,
F. H. PRINCE &
BOSTON, MASS.
and
COTTON-SEED OIL.
COMMISSION MERCHANTS.
Room 52, Cotton Exchange
NEW VOItK.
Lin man, Stern
Building,
New Orleans, La.
& Co. Limited,
Bishop, Laimbeer & Co.
Mills
Building.
LEHMAN BROS.,
Nos. 16-22
William Street, New
-
15 Broad St.
INMAN
Siegfr. Gruner & Co.,
l
AUGUSTA, GA..
NEW YORK.
BOSTON, MANS.
Exchange Building,
Cotton
141 Milk Street,
MERCHANTS
INMAN 3c CO
Bremen Correspondent*.
Street,
Smith & Co.,
Mason
COTTON COMMISSION
CO.,
W. R. CRAIG &
YORK.
NEW
Exchange*
CO.,
&
Merchants,
Cotton
foreign markets.
17 South William
New York and Boston Stock
©ollou.
ANII
COTTON
Members of
York.
Coffee
York.
Exchanges. aa well in
Members of the Stoc/c, Cotton,
and Produce Exchanges, New
Orders executed on the above
New Orleans. Chicago and
Exchange.
Members New York Stock
Investments.
High- Grade
MERCHANTS,
Lord’s Court Bnilding,
NEW
27 William Mtreet.
Tel. No. 1818 Broad.
"
DALLAS, TEX.
Bayers of Spot Cotton. Orders for Contracts Exe¬
MEMPHIS, TENN.
Orleans, New York,
Liverpool and Havre Markets.
cuted in the New
Merchants.
Cotton
Members
NEW ORLEANS, LA.
YORK
[NEW YORK COTTON EXCHANGE
\ NEW ORLEANS COTTON EXCHANGE
NEW YORK COFFEE
ILIVERPOOL COTTON
Established 1863. |
W. T. HATCH &
96 Broadwav,
ASSOCIATION
above Exchanges
Consignments
New York.
-
MEMBERS OP
NEW YORK STOCK
EXCHANGE.
CLEMENT & SMITH,
Successors to
HAVER Sc CLEMENT,
Wall Street
1 Nassau Street, corner
EXCHANGE
Future Delivery Orders Executed on
Liberal Advances Made on Cotton
SONS,
BANKERS AND BROKERS,
Members of tbe New
York Stock Exchange.
Grain.
Bonds, Stocks, Cotton,
LEHMAN BROS., New York.
WILLIAM RAY & CO.,
SUCCESSORS TO
GEO.
COPELAND & CO.,
BROKERS,
New York.
43 Cotton Exchange,
Orders for future delivery contracts executed on
COTTON
the New York and
Liverpool Cotton Exchanges.
CO.,
R. H. ROUNTREE &
Commission Merchants.
Cotton, Grain, Provisions and Coffee.
COTTON EXCHANGE BUILDING.
NEW YORK.
Lehman, Stern & Co.,Ltd«
COTTON FACTORS and
C0MM1SS0N MERCHANTS,
Mew Orleans.
Orders for future delivery executed in
New York and Liverpool.
Liberal advances made on
56 Beaver Street, New York.
ORDERS FOR FUTURE DELIVERY EXECU¬
TED IN NEW YORK AND LIVERPOOL EX¬
CHANGES.
COTTON PURCHASED
SMITH
FOR 8PINNER8’ USE.
& HAYNE,
Frank B. Hayne (in Com men dam
Cotton Brokers,
COTTON
)
EXCHANGE BUILDING,
NEW ORLEANS, LA.
ORDERS FOR FUTURE DELIVERY EXECUTED
IN NEW ORLEANS, NEW YORK AND
LIVERPOOL MARKETS.
(Cotton.
Cotton consignments.
COTTON BROKERS.
Bldg., New York.
N. Y. and New Orle&n Cotton Exchanges
and Liverpool Cotton Association.
Members of
ROBERT MOORE & CO.,
CO.,
BANKERS AND BROKERS,
30 Bread St„
New York.
Members of N. *. and Philadelphia Stock Exchanges,
New York. New Orleans ana Liverpool Cotton
Exchangee, New York Coffee Exchange
and Chicago Board of Trade.
New Orleans
Chapman, Selter & Allen,
Cotton Exchange
DICK BROTHERS &
Stephen
M. Weld & Co.,
COTTON MERCHANTS,
82-92 Beaver
Street,
New York City.
S. M. Weld <fc Co., 89
-
Correspondents,
Mass.
Liverpool Correspondents, Weld & Co.
Bremen Correspondents, Albrecht, Weld
Boston
State St., Boston,
GWATHMEY & CO.,
COTTON
MERCHANTS,
49 Cotton Exchange,
-
-
New York.
Theodore H. Price,
Special Partner.
Wm. P.Quenteli.
R R. Goats.
Quentell.
Coats & Co.,
COTTON BROKERS,
S2 Beaver Street,
-
-
New York,
Members N.Y. Cotton Exchange.
Associate Members Liverpool Cotton Association.
Geo. H. McFadden
COTTON
& 00.
& Bro~
MERCHANTS,
PHILADELPHIA.
NEW YORK.
Liverpool Correspondents :
FREDERIC ZEREGA
Bremen Correspondents:
MCFADDEN
~
3c 00,
.
BROTHERS 3c Oft
BLA.TRE Correspondents:
Societs ©’Importation bt
„
de
Commiswo*
@FedFRASER