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CHRONICLE
SECTION.
The.
ontmartci
INCLUDING
Rank and Quotation Section (Monthly)
State and City Section (semi-Annuaiiy)
Railway and Industrial Section (Quarterly)
Street
Railway Section (“veaS^)
Entered aooordtng to Act of Congress In the year 1906 by William B. Dana Company, In Office of Librarian of
Congress, Washington, D.C
YOT. 84.
NEW YORK
3£immciaL
FEBRUARY 23 1907.
financial,
78 to 86 Trinity Place, New York
Business Founded 179*.
Engravers
Reorganized 1879
Printers
&
BANK NOTES, SHARE
PORATIONS, DRAFTS, CHECKS, BILLS
OF EXCHANGE, STAMPS, ETC., WITH
SPECIAL SAFEGUARDS TO PREVENT
COUNTERFEITING
AND
TYPE
RAILWAY
IMPROVED
STYLES
Government Bonds
Investment Securities
NEW YORK
,
FrankLJoknson,
Chas. L. Lee,
.
.
BOSTON
.
The National Park Bank
ot New York.
Organized 1S56.
.
.
♦
.
President
Capital
$3,000,000 00
Surplus ami Profits
$.*.£13,704 90
Deposits Jan. £6. 1907.... 94,624,22$ 99
.
.
GILBERT G. THORNE.
Treasurer
Daniel G. Reid.
Charles A. Moore,
Charles H. Warren.
Frederick O. Bourne.
Charles H. Stout.
CLEAF,
VICE-PRESIDENT.
MAURICE 1L
Harvey Fisk & Sons,
62 CEDAR
ST.,
-
NEW YORK
-
Government, Railroad and
Municipal Bonds,
EWER,
and other
CASHIER.
O.
Fred’k B. Schenck.
Ambrose Monell.
C. McKEON,
VICE-PRESIDENT.
JOHN C VAN
WILLIAM
K. C. Converse,
T. A. Gillespie.
F. L Hine,
H. P. Davison,
Arthur F. Luke.
J. Rogers Maxwell.
Henry C. Tinker
K. F. C. Young.
Bankers and Dealers in
JOHN
T1CB-PRKHIDENT.
TRUSTEES:
T. H. Freeland, Chairman of the Board
Edmund C. Converse
John Mason Little
Wm. Nelson Cromwell Phineas C. JLounsbury
Joseph R. De Lamar
Chas. A. Moore
James B. Ford
Francis L. Potts
Warren L Green
Francis S. SmiLbers
Francis L. Hine
Andrew V. Stout
FRED’K B. St HENCE. President
CHARLES li. STOUT
D. G. REID,
Vice-President
Vice-President
CHARLES W. R1ECK3,
JAMES V. LOTT
2d Vice-President
Cashier.
HENRY P. DAVISON,
FRED’K P. McGLYNN
Chairman Exec. Com.
Asst. Cashier.
DEL A FIELD,
.
‘
Capital, Surpluw and Undivided Profits,
S3,100,000.
^
PRESIDENT.
JRce-President
f
Secretary
BANK,
DIRECTORS:
lilCLLA It!)
....
.
NATIONAL
Geo. F. Baker.
OFFICERS:
Warrkn L. Green,
Jakkd K. Myers,
THE LIBERTY
NEW YORK.
LITHOGRAPHIC
PRINTING
TICKETS OF
BANKERS
CERTIFICATES,
BONDS FOR GOVERNMENTS AND COR¬
financial.
j
FISK & ROBINSON
AMERICAN BANK
NOTE COMPANY
NO. 2174.
JONES.
WILLIAM A. MAIN
ASST. CASHIER.
ASST.
FRKD’K O. FOXCROFT
INVESTMENT SECURITIES.
CASHIER.
ASST. CASHIER.
Philadelphia, represented by
James H. Chapman, 421 Chestnut St
Chicago, represented by D. K. Drake,
Continental National Bank Building.
Oar list of Investment Securities sent
CHARTERED 1810.
Members
oi
Kxchangee.
MECHANICS’
John L. Williams & Sons,
NATIONAL
BANK.
BANKERS,
Edward B. Smith & Co.
33 Wall Street.
Corner 9th and Main
Streets,
RICHMOND, VA.
Baltimore Correspondents:
A1IDDENDORF, WILLIAMS A Co
Capital,
-
Surplus,
-
$3,000,000
-
-
BANKERS
-
3,000,000
Bank of Richmond.
N. W.
cou. 10th and Main
Francis Ralston
Capital & Surplus, $1,200,000
OFFICERS:
JOHN SKELTON WILLIAMS, President
FREDERICK E. NOLTING, Vice-President
T. K. SANDS, Vice-President «fe Cashier.
H. A. WILLIAMS, Asst Cashier.
L. 1). CRENSHAW JR.. Trust Offlcer
Chase National Bank
Welsh,
MUNICIPAL
RAILROAD AND OTHER
Directors:
Grant B. Schley
Albert H. Wlggin
TI1E
328 CHESTNUT
STREET, PHILADELPHIA.
FOURTH
GARFIELD NATIONAL
NATIONAL
BANK
RANK,
23d Street and Sixth Ave.,
New York.
A. Barton Hepburn
George F. Baker Jr.
EQUIPMENT OF THE
Exchangee.
511 Chestnut Street
New York.
Philadelphia.
Capital
-
-
-
Surplus
ORIGINAL CHARTER 1829.
THE
BONDS.
Cap.&Surp., $9,159,000 Deposits, $61,053,000
Henry W.Cannon. Chairman. Junes J. Hill
Oliver H. Payne George P. Baker John I. Waterbary
Members New York and Fhlla. Stock
INVESTMENTS.
Clearing House Buttling
A B. HEPBURN, PresWeot
H.WIGGIN,Yice-Pres. E J.STALKER,Cashier
INVESTMENT SECURITIES
7 Wall Street,
sviikkts,
Riclimond, Vtw
A.
on application.
ivicmnona and Baltimore 8tock
GALLATIN
NATIONAL BANK
OF THE CITY OF NEW YORK
Capital .....
$1,000,000
Surplus 4c Profits (earned) 2,300,000
$1,000 000
1 000 000
OFFICERS
Samuel Woolverton, Pre8ident
OF THE CITY OF NEW YORK
Founded in 1784,
—CORNER NASSAU AND PINE
THE
STREETS
—
IS
ESPECIALLY
ARRANGED FOR HANDLING
MERCANTILE ACCOUNTS,
BANK
OF
National
NEW YORK
Banking Association.
Alexander H. Stevens, Vice-President
George E. Lewis, Cashier
Howell T. Manson, Assistant Cashier
DIRECTORS
Adrian isklin Jk.
Frederic VV. Stevens
Alexander u. stkvkns
ACCOUNTS INVITED.
W. Samar Uoomvili
Chas. A. Peabody
8 am oxl
Wool verto*
Charles IL Tweed
Thomas Dunrr So.
n
THE CHRONICLE.
^Jankers anti Drawers of
[VoL.
^ovoign ^clxawgo.
]. P. Morgan & Co., Maitland,Coppell & Co.,
BROAD,
WALL STREET CORNER
52
WILLIAM
STREET,
NEW YORK.
NEW VOKK,
Drexel & Co.,
Morgan, II arjes& Co.
Cor.of6th & ChestnutSts. 31 Boulevard
PH Hi A DELPHI A.
DOMES11C AND
lianswnann,
PARIS.
1 OREIGN
and
agents or
STREET’,
-
LONDON.
-
Brown Brothers &
PHIL A.
NLW
YORK,
Co.,
BOSTON.
59 Wall St.
Union
London,
Messrs. Mal>et Freres A Cle., Paris,
Banco Nacional de Mexico
And its Branches.
Agents for the Bank of Australasia, the British
Guiana Bank, Demerara, etc., etc.
August Belmont & Co.,
_X
„
and make cable transfers on all
points.
Issue Commercial and
J *x
Agents and Correspondents of the
Meagre*. ROTHSCHILD,
London, Paris
FOR TRAVELERS,
Available In all parts ot the world.
Draw Bills of Exchange and make
Telegraphic
Transfers
to
all parts of the world.
& CO., LONDON,
EUROPE,
Cuba,
the other West Indies,
Mexico and California.
Execute orders for the purchase and sale of
Investment Securities.
Cuyler, Morgan & Co.,
44 Flue
J. & W. Seligman & Co.,
BANKERS,
Street, New York,
Issue Letters of Credit to Travelers
Available In anv Part of the World.
Vienna.
ISSUE LETTERS OF CREDIT
and
Travelers’ Credits, available In
BROWN, SHIPLEY
LETTERS OT CREDI2.
No. 21 Broad
No. 23 NASSAU STEET.
CONNECTED BY PRIVATE WIRE.
OI VjTGCuX.
FOREIGN EXCHANGE.
LETTERS OF CREDIT
Available throughout the United States.
BANKERS,
INTERNATIONAL CHEQUES.
CERTIFICATES OF DEPOSIT
Buy and sell Bills of Exohange
INVESTMENT SECURITIES.
TRAVELERS’
Hems. N. Y., PhLla., Boston A Baltimore St’k Exch’a.
Buy and sell flrst-class Inl
±
j.
vestment Securities on comI TIVftfitlTlGnt
Letters
BANKERS.
London A Smiths Bank, Limited,
oi
ALEX. BROWN A SONS. BALTIMORE.
mission.
Receive accounts
v/otmvnu
of Banks, Bankers, CorporaQ/v/juJi-l
tions. Firms and individuals
DeCUITtieS.
on favorable terms.
Collect
drafts drawn abroad on all points !n the United
States and Canada; and drafts drawn in the United
States on foreign countries. Including South Africa
STREET,
BOSTON.
Exchange, Telegraphic Transfers,
Letters
of Credit,
Megarg. J. S. MORGAN A
۩.,
No. 22 OLD BROAD
115 DEVONSHIRE
ON
BANKERS,
Deposits received subject to Draft.
Securities
bought and sold on Commission. Interest allowed on
Deposits, t oreign Exchange. Commercial Credits.
Cable Translers.
Circular Letters for Travelers
available in all parts of the world.
Attorneys
Kidder, Peabody & Co.,
Orders executed for all Investment
Securities.
Act as agents of Corporations and
negotiate and
issue Loans.
Bills of
LXXX1V.
DRAW
BILLS
OF
EXCHANGE
AND
MAKE
TELEGRAPHIC TRANSFERS OF MONEY TO
EUROPE, CALIFORNIA AND THE HAWAIIAN
ISLANDS.
Buy and Sell Investment Securities.
AGENTS AND CORRESPONDENTS OF
Seligman Brothers, London.
Seligman Freres & Cle., Paris.
Alsberg, Goldberg & Co., Amsterdam.
Anglo-Callfornlan Bk..Lt..Suit Francisco
Street, New York.
BANKERS
TAILER&CO
INVESTMENT
MEMBERS OF NEW
27 Pine
54
WALL
Winslow, Lanier & Co.,
NEW
Foreign & Domestic
Bankers
YORK.
Cable
Transfers
of
High-Grade Investment
Exchange and
on
all
Principal European Cities.
AGENTS FOR CORPORATIONS.
for Travelers.
Philadel phi::
33 Pine
Deposits. Securities
Bought and Sold on
on
37
William Street,
Execute orders for purchase and sale of
Stocks and Bonds.
ot Credit.
Foreign Exchange Bought and Sold.
Issue Commercial and Travelers^ Credits
GRAHAM
Kean,VanCortlandt&Co
BAAHERS,
Schulz &
Foreign
11 William Street,
ana
Domestic
Ranking Business.
Dealers in Investment Securities.
J
MUNROE
OHN
&
No. 30 Pine
No. 435 Chestnut
on
London, Paris, Berlin,
Zuricli and St. ©all.
r^BKDiTs Opened
and
Payments Made
by
Ca ble
Paris House—JUUNROK A CO.
-
New York*
Members New York Stock
Exchange. '
Correspondents of Messrs.
London,
Job, Koreoberg. dossier & Co.,
Hamburg.
Marcuard &. Co.. Farls.
Bremer Bonk. Fiiiale Dresduer Bank, Bremen.
Issue Commercia* & Travelers Credits.
Buy and bell Bills ot Exchange.
Cable Transfers and Investment Securities
Co.,
Issue Circular Letters of Credit for Travelers’
Use
Abroad Against Cash or
Satisfactory
Guaranty of Repayment,
Street,
PHILADELPHIA
SECURITIES BOUGHT AND SOLD
ON
Hanker**,
50
Dealers in
Deposits received subject to draft. Interest al¬
lowed on deposits. Securities bought and sold on
commission. Travellers credits available through¬
out the United States, Cuba, Puerto Rico,
Mexico,
Central America and Spain. Make collections in and
issue drafts and cable transfers on above countries
Hankers:
—
London
Bnuk, Limited.
Paris Bunkers*—Heine & Co.
Joint-Stock
to
Draft.
High-Grade
INVESTMENT SECURITIES.
Issue Letters of Credit and
List oi
Traveler’s Cheques.
current
offerings sent
on
application.
BROTHERS,
16 & 18 EXCHANGE
Wall Street, New York.
London
COMMISSION.
Deposits received subject
LawrenceT urnure&Co. MOSLE
Street, New York.
No. 4 Post Office Square,
Boston,
Exchauge
Ruckgaber,
BANKERS,
STREET, NEW YORK.
General
CO.,
Member* Philadelphia Stock Exchange.
Fruhling & (ioschen,
a
&
BANKliRb.
available in all parts of the world.
Transact
St., New York
MEMBERf N. Y. STOCK EXCHANGE.
Commission,
30 PINE
507 Clicsfunt St.
BANKERS,
Deposits Received Subject to Draft, Interest
Foreign Exchange, Letters
Letters ol Credit
COMMERCIAL
AND
TRAVELERS’
CREDITS, BUY AND SELL RAILROAD
STOCKS. BONDS AND INVESTMENT
SECURITIES. ACT AS FINANCIAL
Heidelbach, lckeiheimer & Co.-
YORK,
Securities
the
STREET,
BANKERS.
Allowed
STREET,
Bay and Sell Bills
ISSUE
NEW
IRedmondMa.
EXCHANGE.
Members ol the N. Y. Stock
Exchange.
SECURITIES
CEDAR
STOCK
KESSLER &, CO.,
BANKERS,
Us VESTMENT
-
YORK
Street, New York
BANKERS
59
SECURITIES.
PLACE,
NEW YORK.
COMMERCIAL CREDITS,
FOREIGN EXCHANGE
Attorneys and Agents
op
MESSRS. KONIC BROTHERS.Bankers
LONDON.
HI
THE CHRONICLE.
1907.
Feb. 23
\ICXS.
Bankers.
jankers.
Win. A. Read & Co,
.,
BANKERS.
Co.,
Lee, Higginson &
BANKERS
Investment Securities.
Street, BOSTON.
44 State
25
NASSAU
NEW
The Rookery.
HIGH-GRADE BONDS
STREET,
43 State St.
203 B. German St-
205 La Salle St-
BOSTON.
BALTIMORE.
CHICAGO.
Stock
Members
27
New
New
York,
4G
Boston, 10 PostOlliee Square.
Conservative
Oi\
Exchanges.
High-Grade Bonds
AND
Investments.
.
Investment Securities.
Safety Deposit
KEWlibrii
Electric
N.W. HARRIS & CO.
HANKERS
Fine Street, Corner William
Act
as
fiscal
palities
and
letters
of
Company.
BRANCH OFFICES:
CARBONDALE, PA.
CHICAGO, ILL.
WILKES BARRE, PA.
READING, PA.
SCRANTON, PA.
DAYTON, OHIO.
BINGHAMTON. N. Y.
and
NEW YORK
check
balances.
agents for munici¬
corporations. Issue
credit
Investment Securities
35 Wall Street
Receive deposits subject to
on
Railroad and other
Exchange.
YORK
interest
BANKERS
New York Stock Exchange.
Representatives of the Illinois Tunnel
Company.
Financial Representatives of the Automatic
allow
Geo. P. Butler & Bro.
Vaults lor Use ot Customers.
Financial
and
Exchange
DEALERS IN
Members:)t! diicauo
duct
Stock
NEW
Members N. Y. Stock
ST., NEW YORK,
WALL
Boston.
Chicago.
Exchange.
BANKERS
Company
St.,
Members ^sew York Stock
J. B. RUSSELL & CO.,
York Stock Exchange.
William
New Vork.
Street,
YORK.
Members New York and Boston
Gardiner &
3 Broad
Dealers in
CHICAGO OFFICE,
Plympton,
Roe & Hagen,
deal
in
BONDS FOR INVESTMENT
Goldman, Sachs & Co.,
BANKERS
43
EXCHANGE
Members ol
Execute orders tor purchase
LIST ON APPLICATION
sale
ot
YORK.
NEW
PLACE,
New York Stock Exchange
Stocks
Bankers
and
Bonds.
and
5 NASSAU
Buy and Sell Foreign Exchange.
CABLE
& CO
HALLGARTEN
STREET,
-
NEW YORK
•COLDNESS
ADDRESS
Letters of Credit
Blake Brothers & Co.,
50
84 State Street,
Exchange Place,
BOSTON.
NEW YORK.
Dealers in
NEW
YORK
Commercial
Available in nil parts
of tne world.
DEALERS
Foreign Exchange
Investment Securities
IN
Investment Securities
tiiid
Commercial Paper
CITY
and other
MUNICIPAL
Issue Commercial and Travelers’
Letters of Credit,
BONDS.
Cor. ol Wall and Broad Sts., New
Paper.
Investment Securities.
Members New York <£ Boston Stock
H. B. HOLLINS & CO.
Exchanges.
Draw Dills ol
N. W. HALSEY & CO
BANKERS.
York,
Exchange ami make
Europe, Asia, Aus¬
tralia, tile West Indies, Central and
Cable Transfers to
Mexico.
Issue Letters ol Credit lor Travelers,
available in all parts ol the world.
BONDS
Fiscal
South America and
Rudolph Kleybolte& Co.
BANKERS.
Zimmermann & Forshay,
DEALERS IN
ISAM, lilts.
MUNICIPAL, RAILROAD and
STREET RAILWAY
BONDS.
27-29 PINE STREET, NEW YORK.
Interest Paid
on
DailvandTime Deposits.
!l and 11
Schmidt,
FOREIGN EXCHANGE,
INVESTMENT SECURITIES27 WILLIAM
Members N
STREET, NEW YORK.
Y. Stock. Cotton and Cotlee Exchanges
http://fraser.stlouisfed.org/
Federal Reserve Bank‘WWMWMWftfttiM';'1'
of St. Louis
Deposit Accounts.
Agents for Cities and Corporations.
49 Wall Street,
Philadelohia.
NEW
NEW YOKK.
Chicago,
San Francisco
PHILADELPHIA
YORK
Wall Street, New York.
Members New I ork
Stock Exchange.
Orders executed tor stocks und bonds ior
ment or on margin.
FOREIGN EXCHANGE
invest¬
E. D. SHEPARD & CO,
Bought & Sold
LETTERS OF CREDIT ISSUED.
Cable Transfers to all Parts ot the World.
BIRD S. COLER,
Member N. Y. Stock Exchange.
Stern &
INVESTMENT.
FOR
Interest Allowed on
LEONARD H. HOLE.
W. N. COLER & CO.,
BANKERS
59 CEDAR ST.. NEW YORK.
INVESTMENTS.
•
I.ON DON
BOSTON
KNAUTH, NACHOD & KUHNE
BANKERS.
Members of the New
YorkStock Exchange.
LEIPZIG GERMANY.
lHOMAHHlNG 17
i#H'ipfrMijifi|#ri,'V,r i,,lw ■■ rir uurimww
NEW YORK.
15 WILLIAM ST
IV
THE CHRONICLE
| VOL. T.XXXIV.
ffurjeigtx.
DEUTSCHE
The Union Discount Co.
Bank of Montreal
of London, Limited.
[Established 1817.]
BANK,
BERLIN, W.
BEHREN8TRA88E 9
39 CORNHILL.
13.
TO
CAPITAL
947,619,000
M.
200,000.000.
RESERVE
(ganatllaii faults.
Paid Up
Reserve Fund
923,118,000
M.
97,099,000.
DIVIDENDS PAID DURING
LAST TIN
10,10.10)4,11,11,11,11.11,12.12 per
CAPITAL paid in
Telegraphic Address, Udisco, London.
Capital Subscribed
97.5lMI.000
oent.
Manager
NEW YORK OFFICE:
cantile acceptances, receives
money on deposit
at rates advertised from time to
tune, and grants
loans on approved negotiable s^uritles.
No. 31
BANCO ALEMAN TRANSATLANTIC!)
(Deutsche Ueberaeeische Bank.)
Rabscrlbed Capital
84,761,000
M. 20,000,000
Paid Up Capital
84,190,000
M. 17,600,000
ttwerte Fund
8595,000
M. 2,500,000
R. Y. HEIJDEN,
W. A. BOG,
J. T. MOLINKUX,
Purchasers
of
throughout the Dominion
London
ACT
FOR
A8
FINANCIAL
AMERICAN
AGENTS
RAILWAY
IN
advanced upon.
Drafts, cable-transfers and
letters
YORK,
Broad
Street.
9,
PARIS,
rue Plllet-Will
4 GKORGK
Yard, Lombard St., London, E.C.
of
ESTABLISHED 1836.
SUBSCRIBED CAPITAL,
PAID-UP CAPITAL,
RESERVE FUND,
BASLE, ZURICH, ST. GALL,
Capital, Paid Up
Surplus
-
24
Adolph Boissevain & Co.,
Amsterdam, Holland.
TRANSACT A GENERAL BANKING
AND STOCK EXCHANGE
BUSINESS.
Berliner
LONDON, E. C„
58 CORNHILL.
Telegraphic Address, Disoontoge,
Handels-Gesellschaft,
Berlin.
**
DISOONTOGE, FRANKEUBTMAIW.
SCHWOLD*, BREMEN,
Soondito, London.
CAPITAL, fully paid,
Behrenj5tra88e2S2-83
....
51.
57,590,611.
J. Hoetek,
E. RUSSELL,
F. URB1G.
DUDLEY &
Franzoslsche-Strasse 42
49 Wall
11
FOREIGN FUNDS
of Every Description.
Hong Kong & Shanghai
BANKING
M.100,000,000
M.
CORPORATION.
29,000,000
Paid-up Capital (Hong Kurm Currency)..|10;000,000
ItAisrvA Fund*
ueaerve
Funds 5 In Gold.. .$10,000,000 )
} Ia 8Uver io,250.0o0 \ •• 20*50 006
Reserve Liability of Proprietors
10,000 000
Bank
fur
Chile
Santos
und
Deutschland.
CAPITAL
!>l 10,000,000
HAMBURG,'viib brunches In CHILI (Banco 00
de
Chile A Alesuasia): Valparaiso,
Mintlago. Concep¬
tion. 'Jeujuc'y. Antofagasta; and In BOLIVIA
(Banco de Chile A Alemanla, Secclon
Boilviana),
La paz and Ora.ro.
The abOTo-rie/ned banks, founded and
represented
Larope by the
Direction der
Berlin Bremen, t Disconte-Denellacbitlt,
hankfort o/M and London
Norhdeutacbe ISauk la Hamburg,
Hamburg. ofier their services for every description
regular
bank Nig transaction*.
GRANT DRAFTS, ISSUE LETTERS OF
CREDIT, NEGOTI¬
ATE OB COLLECT IULLH PAY A RLE
IN CHINA, JAPAN,
PHILIPPINES, STRAITS SETTLEMENTS, INDIA, ETC.
WADE HARD’NEIt. Agent, 50 Wall tit.
10,000,000 00
Head Otlice; ii AM BURG.
Branch ec: Kio dk J a nkiko, hao
Paulo.
Porto Alegre.
Company, Limited.
INTERNATIONAL BANKING
CORPORATION.N ft?
35 CORNHILL.
LONDON, E. C.
Cable Address—Natdle, London.
Hubscrlbed Capital
Paid-Up Capital
($6=£1
and riel.’ Sterling ana continental lixchange and
Cable Trim a fora Negotiate Draw or Receive
fox Collection lilt lb on Point* in the
Orient. Issue Letters ct Credit
STERLING.)
At * all, 3’/j Per Cent Per
Annum.
At 8 to 7 or 14 Daya’
Notice, 844 F.
C.
mercantile bills discounted.
Money received on denosit at rates advertised from
time to time, and for fixed
periods upon terms to be
esueoially agreed upon.
Loans granted on approved negotiable
seeuntlee.
PHILIP HAROLD WADE.
Manager.
$6,500,000
Buy
4,231,325
2,000,000
NOTICE 18 HEREBY GIVEN that the RATES
OF INTEREST allowed for
money on deposit are
as follows i
Approved bank and
CAPITAL A SIJUI'I.I'N,
821,166,625
Reserve Fund
.
For Investment in the United States.
Brasilianische Bank
fur Deutschland.
The National Discount
CAPITAL
m
307 Monadnock Bloc
Chicago
London, JB.C.
Capital,
Reserve,
COMPANY,
Street, New York,
Poultry, Cbeapaide
ESTABLISHED 1856
$18,712,620 uanking Transactions
WtfA the unlimited personal
liability of
the foUovnng partners:
A. Bchoxllzr,
M. Bchinckel,
A. Salomon (John
and
Telegraphic Address:—Handelschaft, Berlin.
M. 170.U0U.000.
BE8ERYE,
NORTHCOTE,
BERLIN, W.f
$40,476,200
-
YORK.
Members New York Stock Exchange.
FRAN K FO RT-ON-M.
Rosbmarkt lb.
"
STREET,
NEW
BREMEN.
STINTBRUCKE 1
*
15,714,260
15,714,250
BOISSEVAIN & CO.,
BROAD
14,280,000
it-44 BEHREN BTRASSE.
**
$75,428,400
E. H. HOLDEN, M. P., managing Director.
Fr. 62,800,000
Fr.
Principal Cities and Towns
England.
Telegraphic Address: Cinnabar, London.
SWISS BANKVEREIN
Established 1851.
“
Limited,
HEAD OFFICE:
Disconto-Gesellschaft,
*
City &
5 Threadneetlle Street, London, England.
Direction der
BERLIN, w.,
Manager.
The London
Midland Bank,
With Branches in all the
GENEVA, LONDON.
of crecht issued.
London Aueuts.
Deutsche Bank (Berlin) London
agency.
47 Tnreadneedle St,
CORPORATION-,
IN THE OBTAINING OF LOANS AND
SALE OF
Bahia-Blanca.Bell-Ville, Buenos Alree,
or
Chicago and
foreign.
FRANCE
Cordoba, Tucuman
negotiated
Office, No. 46 &
Canada.
market.
25
Bolivia: La Paz, Oruro.
Ohhj : Antofagaeta,
Concepcion, Iquique, Osorno,
Puerto Mv.ntt, Santiago, Valdivia,
Valparaiso.
Peru : Arequipa, Callao, Lima.
URPGUAT: Montevideo.
■PAIN: Barcelona.
Memico Agents: Banco Mexicano de
Comercio e
IndustPia, Mexico.
Bills sent for collection,
ot
F. W. Taylor,
Securities for the French
NEW
Branches:
Buy and sell Sterling and Continental
First-Class Investment
SECURITIES.
BERLIN.
•Agents.
and Cable Transfers; grant Commercial Exchange
and Trav¬
elers’ Credits available in
any part of the world;
issue dratts on and make collections in
FRENCH FINANCE CORPORATION
OF AMERICA.
HEAD OFFItCK*
Argentina:
PINE STREET.
CHRISTOPHER R. NUGKNT, manager.
E. C.
84
Honorary President
AND TH1
LONDON
159,831
-
Hon. Sir George A. Drummond
K.C.M.G.Preaident
E. S. CLOUSTON..Vice-Prest. and General
Call, 3% Per Cent.
Days’ Notice, 344 P«r Cent.
The Company discounts
approved bank and mer¬
Deutsche Bank (Berlin) London
Agencv:
4 George
Yard, Lombard St.
-
Rt. Hon. Lord Strathcona and
Mount Royal
G. C. M. G
At
Branches:
$14,400,060.00
Head Office—Montreal.
*5=ȣ1 STERLING.
At 3 to 7
BREMEN, DRESDEN, FRANKFORT-ON-M.,
HAMBURG,
LE1P8IC,
MUNICH.
NUREMBERG, AUGSBURG
WIESBADEN.
-
11,000,000.00
UNDIVIDED PROFITS
.'*.750.000
2.250,000
NOTICE IS HEREBY GIVEN that the RATES
OF INTEREST allowed for
money on deposit are
as follows:
TEARS:
...
BEST
‘
BruncliPMut London, Bom hay. Calcutta. Singa¬
pore, Canton, Mono Kong, Manila Shanqhal
Rome. Yokohama, ban Francisco, City of
Mexico, Washington, l>. C., Panama.
H. SCHERER &
BANKERS.
C'allectlaua, Foreign
ment
e
CO.,
xchange und Invest¬
(Securities.
Feb. 23 1907
THE CHRONICLE
<£anadiati gaafes.
THE CANADIAN BANK
OF COMMERCE,
HEAD
gatifcs and Jankers.
BARING
910.000,000
5,000,000
NEW YORK OFFICE:
N«s. 10 AND 18 EXCHANGE PLACE,
Wm. Gray and H. B. Walker. Agents
LONDON OFFICE:—60 LOMBARD STREET, EL CL
Bny and Sell Sterling and Continental Ex¬
change and Cable Transfers, Commercial
and Travelers’Credits. Collections made at
all points.
Drafts and telegraphic transfers on
the Bank’s branch at COBALT, Ontario,
issued at lowest rates.
The Bank of
INVESTMENT SECURITIES.
Agents and Attorneys for
BROTHERS
BARING
.
Fund,
.
.
....
CO., Ltd.,
ESTABROOK & CO.,
Nassau and Pine Streets
15
Congress St.
421 Chestnut St.
Boston
15 State
£1,000,000 Sterling
440,000 Sterling
Head Office:
5 Gracecburch Street. London, E. C.
New York Office: 52 Wsli Street
H.M J .McMICLLaEL.i Agents.
W T. OLIVER.
f
Buv and sell B terllru: and Continental Exchange
and Cable Tram-fere; Grant Commercial and Travel¬
er-’
C edits available in anv imrt of the world.
Issues Drafts on and make Collections in all parts
of the United Stages slid Canada
Merchants’ Bank of Canada.
HEAD OFFICE: MONTREAL.
Philadelphia
BANKERS,
America
24
BROAD
Street, Boston.
STREET,
NEW YORK.
INVESTMENT SECURITIES.
GOVERNMENT,
CHOICE
MUNICIPAL
Geo. A. Fernaid & Co.
member* Bouton Stock
Exchange
BANKERS
AND
RAILROAD BONDS.
Municipal, Railway
and other
JACKSON & CURTIS
Corporation Bonds
BOSTON
BAN EBBS
99,000,000
CAPITA I.
Rest and Undivided Profits
Members of the NTew York and
Boston Stock Exchanges. Deal¬
ers in Government Bonds and
other Investment Securities. In*
terest ' allowed
on
deposits.
New York
INCORPORATED BY ROYAL CHARTER IN 1840
Reserve
A
BANKERS
LONDON.
Established in 1886.
Paid-up Capital,
Mackay & Co.
Bay and Sell Foreign Exchange.
Issue Commercial and Travelers’
Letters of Credit,
Banking: and Exchange business of every
description transacted with Canada.
North
CO.,
15 Wall Street. New York.
Bankers la Great Britaint
The Bank of England,
The Bank of Scotland.
Lloyds bank Limited,
Union of London and Smith’s bank. Limited.
British
&
BANKERS
OFFICE, TORONTO.
PAID-UP CAPITAL.
SURPLUS
v
3,074,506
NEW YORK
67 MILK STREET
36 WALL ST&ItST
NEW YORK Of HOE: 63 and 65 Wall St.
>Y. M.
MEMBERS NEW
Ramsay, Agent.
115 brandies In the Provinces of
STOCK EXCHANGES
Quebec, Ontario,
Manitoba,.Saskatchewan, Alberta and British Co¬
lumbia. Good facilities for effecting prompt collec¬
tions In Canada. Buv and sell Sterling Exchange
and Cable Transfers.
Issue Commercial and Trar.
INVESTMENT
elers’ Credits,
available in any part of the world.
A are n i»— Royal
Honk ol Scotland,
Loudon
SECURITIES
1 Nassau
The
YORK AND BOSTON
Sovereign Bank of Canada
H. W. POOR & CO.
19 Congress Street,
Street,
New York
Boston
INVESTMENT
SECURITIES
Branches Throughthe
Dominion
71
out
A. B. Leach & Co.,
NEW YORK AGENCY, 25 PINE STREET
BANKERS,
Jforciflti
The
OREAT
Acts
as
Canadian
WINCHESTER
Ltd.,
STREET
140 Dearborn St.,
LONDON.
Agent In England for American and
Hallway ana Industrial Companies.
iTustees
28 State
Directors
<£
ALKRF.D W, SMITHEllS, Chairman
Lord Weluy, W. Lindlky, T. Reynolds— London
T. P. Fowler—New York
BOSTON
33 Wall Street
33Conoress8t
149 Broadway, NEW YORK.
English Association of American
Bond & Share Holders,
5
NEW YORK
CHICAGO
St., BOSTON
Tucker, Anthony & Co.,
BANKERS «
421 Chestnut
St.,
PHILADELPHIA
1 be Association’• Agents m America and Canada are
The Morton Trust Co. and the Bank of Montreal.
S3 STATE STREET,
BOSTON.
THOMAS LINDLEY. Secretary.
members
OSS
VAN
THE
So CO..
1 Nassau
HAGUE, HOLLAND.
Street,
cor.
Wall, New York.
Foreign and Domestic
Tel. Address, Voco.
BANKERS
SIMON BORG &
BILLS OF EXCHANGE
BEHRENSTBR. 48
W. 64,
CABLE TRANSFERS
a
Gets oral
Member* of New York Stock
No. 20 Nassau Street,
Exchange*
New York.
•
COLLECTIONS MADE ON ALL EUROPEAN
POINTS
L, i>lk. 25 million
NlUt P LUS, >11 k. 2* million
LA PITA
Transacts
CO.,
BANKERS,
Code*. lUirttleld’s Wall rtt., W. U. A Lieber.
AMERICA-BANK A. G.
Beaton and New York Steak
Exchanges.
Kissel, Kinnicutt & Co.
Place American Investments In Europe.
BERLIN:
BROKERS.
Banking Business anil
High-Grade
INVESTMENT SECURITIES
special attention to the execution of all
Banking Transactions with the
Investment
Securities
pays
H. AMY So
UNITED STATES OF AMERICA
anil other American Countries
Travelers’
Letters
of
Credit
parts of the world; Interest on
Deposit*, Foreign Exchange, Cable Transfers;
Investment Securities
Foreign Concluded on next page
BERTRON, STORRS S GRISCOM.
BANKERS,
and Cheques
available In all
CO..
44
and 46 Wall St., New York.
IN V KSTMENT SKCU RIT1 t£S.
Bills ot
Exchange.
Letters ol Credit.
BANKERS,
Laud Title
Building,
PHILADELPHIA.
INVESTMENT
40 Wall Street,
NEW Y0KK.
SECURITIES,
VI
THE CHRONICLE
fforeigu.
Umbers and
National Bank of Cuba
E. W.
CLARK
PHILADELPHIA
&
CO., Ross,
BANKERH,
PHILADELPHIA
ASSETS.
In Vaults.
84,135,004 S3
Banks and Bankers
548.109 59 $4,083,234 42
Bonds and Stocks Owned—
Members Phila. and New York Stock
Exchanges
Interest Allowed on Deposits.
Government Bonds
$2,5S5,135 82
City of Havana Bonds
1,090,255 24
Other Bonds and Stocks..
88,003 33
3,709,994 39
Loans, Discounts, Time Bills, &c
10,490,331 04
Furniture and Fixtures
73,171 03
Bank Building
377.853 03
Sundry Accounts
74.044 03
Sew York
Total
..85,000.000 00
500.000 00
2G3.735 22 §5,70.3.735 22
13,710.893 92
819.474.029 14
131 South 6th Street
Deduct S200.000 4% semi-annual
dividend, pay¬
able January 1, 1907.
United States Depositary in Cuba.
Depositary for
D. M.
Investment Securities
52
PHILADELPHIA
BANKERS.
Corner Chestnut and Third Sts.*
NEW YORK
Land
Correspondents.
for the Bitish and
Foreign Markets.
39 Lombard Street,
Private
Wires, N.Y., Pittsburgh, Chicago
LONDON. E. C.
PARIS.
BONDS
PENNSYLVANIA TAX-FREE
Guaranteed Principal and Interest
by
American Water Works & Guarantee
Company.
ISSUES
JOHN H.McQUILLEN & CO.
BANK
MILWAUKEE.
STATES
Members
Hopper
& Co.,
BOND
Investments receive our special attention.
Infor¬
mation
cheerfully furnished regarding present
ho.dings or proposed investments.
hauliers
BANKERS &
141 South 4th
Syracuse Rapid Transit
Stocks and Bonds
104 South 4th
BROKERS,
Street,
PHILADELPHIA
Dealers in
RAILROAD
Send for our
BANKERS & BROKERS
Philadelphia, Pa
-
CORPORATION BONDS
OFFICERS:
Fud Yogkl Jr., Pree.
Henry Klob*, Cashier.
Wit. BIGELOW, v.-pres.
OSCA R K a PTKN.A8t.UHWh.
Fbed. T. GOLX, V.-Pre«.
K. J. HUGHES Ass’tCaHh.
a. w. Book. Aat.ua*>n.
W. C. Haas, Mgr.
Foreign & Savings Dept.
AND
I 25 South
AND STOCK.
Represenl&tiyes of Spencer Trask & Co.
Circular.
BOSTON.
Richardson & Clark,
Tilton,
BANKERS,
iADAMS & COMPANY,
!
7 congress st. boston.
BANKERS,
25
4th Street
Members Philadelphia Stock Exchange.
OTHER
PROVIDENCE
Ladd &
RESPONSIBILITY $5,000,000 00.
Transacts a General Banking Business.
Street,
HIGH-GRADE
Oapit&l and Surplus, $2,500,000
ESTABLISHED IN 18G9.
Philadelphia Stock Exchange
Benj. C. Warnick & Co.,! Wurts, Dulles & Co.,
DEPOSITARY.
PORTLAND, OREGON.
Bowker,
WATER WORKS BONDS
Municipal and Corporation
STOCK AND
BROKERS,
28 South Third Street,
Philadelphia.
BANKERS.
&
Drexel Building, Phila.
PHILADELPHIA.
Jordaan Cohen & Wennink, Wm. G.
NATIONAL
Audenried
Building,
W. G. Hoppeb.
H. 8. Hoppeb,
Members of Philadelphia Stock
Exchange.
UNITED
Investment Securities
Broadway
Westling, Jones & Emmett,
Title
MASON & CO
London
OF
| PHILADELPHIA STOCK EXCHANGE
\ NEW YORK STOCK EXCHANGE
lCHICAGO BOARD OF TRADE
4EMBERS
the Funds of the Republic of Cuba.
Purchasers of First Class Investment Securities
FIRST
j. w. SPARKS & CO.,
DEALERS IN HIGH-GRADE UNLISTED
AND INACTIVE LISTED BONDS
FOR
INVESTMENT PURPOSES
a
Bldg
Members of Phila. & N. Y. Stock
Exchanges.
BANKERS AND BROKERS
LIABILITIES.
Total
PHILADELPHIA, PA.
Battles, Heye & Harrison!
$19,474.029 14
Capital
Surplus
a Undivided Profits
Deposits
112 8o. 4th St. and 100-102 Girard
Trust
j
Correspondents:
Morgan & Co.,
BANKERS & BROKERS
321 Chestnut Street.
—
LXXXIV.
^rollers outside ^lcu» TJorli
PHILADELPHIA.
Havana, Cardenas Cienfucgos Matanzas
Santiago,
Manzanillo, Sagua la Grande, Caibarien, Guan¬
tanamo, Santa Clara, Pinar del Rio, Camaguey,
Galiano Street, Havana, Cuba.
GENERAL BALANCE SHEET DECEMBER 31 190G.
Cash
[VOL.
Exchange Street. Proyidence, R. I.
BONDS FOR INVESTMENT
Transact a general banking business.
Stocks and Local Securities. Private Bonds, I
wires to i
New York, Boston and
Philadelphia.
MEMBERS BOSTON STOCK EXCHANGE
New York Offlce, 40 Wall & 37
Pin© 8le.
Collections Given special Attention.
TRACTION. GAS & ELECTRIC
MUNICIPAL AN1I
FINANCE CO.
PUBLIC FRANCHISE CORPORATION
Accountants.
JOS. B.
LYBRAND,
R08S BROS &
MONTGOMERY
BONDS
MAYER, President,
11 Pine Street
Wc will Purchase
or
Bought
"
Finance Electric
Railways, i
Lighting and Qas Properties
LARQE PROPOSITIONS PREFERRED.
Certified Public Accountants
(BtoaijIftKlt)
STANDARD AUDIT CO.
Wilkinson, Reckitt, Williams & Co.
NEW YORK
CERTIFIED PUBLIC ACCOUNTANTS
62
Broadway,
!S'ew York
ttpecUl Otpartanat (nr Bank Fremtaagena entar
Om
aaawat ef a NnwonaJ Bank Evamlnur at
LOO
41-43 Wall St.
PERLEY MORSE, Pree.
Exchange PI.
Weeden &
ACCOUntantS
INVESTMENT SECURITIES.
MI™ CON ANT & CO.
IF your client wants a good SPECU¬
the sureness of a
you cannot do
belter than recommend the stock
of the American
I elegraphone Com¬
pany.
Write to the Sterling Deben¬
ture
Corporation, 5G Wall
JAMES PARK & 00.,
New
York,
booklet No.
CERTIFIED PUBLIC ACCOUNTANTS
lh»
HARTFORD
LATION, with all
bond Investment,
Yark.
for
N.Y.N.H. & H.6% Notes; net 4^%
Tax-free; legal Ct. Sav. JJks.
H.
K
Broadway, Kiew Yark.
l,«Hu lie* Hireet. Cblcaao.
HOW,
ROSE
Certified Public Accountants
Ott Pine Hirc**t
NEW
Telephone 41N31 John.
TAYLOR
NEW
& CO.,
PRIMROSE
New
York
Fire
YOUH
43
Oily
&
Iiuurauee
Exchange Place
-
Trnat
am
Mtoeka
NEW
Funds
&
JERSEY
CO..
^
EDWIN R. CASE,
BRAUN,
Bank,
& Trust
$1,000 Denomination, due 1911
Street,
Illustrated
their
Company,
BANKERS.
I Certified Public
5
Telephone 2269 9270 Br<,ud
Tel, 4Mb* Broad.
43-49
HENRYC. DAVIS,Secy.
CERTIFIED PUBLIC ACCOUNTANTS
30 Brand Hiraet New
SONS,
BOSTON,
PROVIDENCE^
Building
PHILADELPHIA.
Wall Btreet Exchange
Building*
vopw
Hold.
W. J. HAYES &
CLEVELAND. OHIO.
Land Title
•cru
and
YORK
1>K A LKIt IN
nuw
ii:ksi;y si:< i
uitii:s,
15 EXCHANGE PLACE
Telephone 751.
JERHEY CITY.
Feb. 23 1907
THE CHRONICLE.
yn
jankers auxT ^volicvs mttsicle 2Jcw 3Jovh.
BUFFALO.
LOUISVILLE.
PITTSBURGH,
Buffalo Securities
Halsey & Halsey,
ESTABLISHED 1883
BOUGHT AND HOLD
>ANN
&
BANKERS
ROBINSON
Members N. Y. Stack Exchange
N. Y.
Wood and Diamond Sts.,
■
JOHN
MEMBERS NEW YORK STOCK EXCHANGE
L.
DUNLAP,
Established 18S0.
Banker and Broker.
INVESTMENT SECURITIES
Henry Sproul & Co.,
DEALERS IN
Railway Issues
a
Member Louisville i>tock
New York Correspondent,
Specialty
410 Wood St..
Exchange
MILLER A CO.
BANKERS
Investment Securities
Local
Stocks.
—
BONDS.
YORK, PHILADELPHIA
CHICAGO AND
PITTSBURGH STOCK EXCHANGES AND
CHICAGO BOARD OP TRADE.
Davenport & Co.,
BROKERS,
GEORGE R. TELLER,
PITTSBURGH
-
MEMBERS:
NEW
RICHMOND.
BUFFALO, N. Y.
Bankers and Brokers
t
SECURITIES
LOCAL
PITTSBURGH
LOLIsVILLL. liY.
Street
OTHER
MEMBERS
OF NEW YORK AND
PITTSBURGH STOCK EXCHANGES
Correspondents: KELLEY, MILLER & CO.
■
MEADOWS, WILLIAMS & CO,
Bankers,
INVESTMENT SECURITIES.
EXCLUSIVE PRIVATE WIRE
NEW YORK OFFICE, 111 Breadway
ROBINSON BROS.,
BROKERS.
AND
LOUISVILLE.
PITTSBURGH, PA,
AND
Established 187L
RICHMOND. VIRGINIA
Whitney, Stephenson & Go,,
Established 1860.
Correspondence solicited and Information fur¬
nished about Southern State. Municipal and Rail¬
road Investment Securities.
Reference—Rank of New York. N. B. A.
STOCK
BROKERS,
FRICK
BUILDING.
Oldest Pittsburgh Members N. Y. Stock Exchange
ROCHESTER, N. Y.
NASHVILLE.
BONBRIGHT & HIBBARD
NASHVILLE STREET RY. SECURITIES
CUMBERLAND TELEPHONE STOCK
ROBERT
Dealer In
100 Powers
Building,
C N.
New York Stock
Members
Exchange,
GOULDING
We make
MARR,
the
NASHVILLE, TENS.
•{ Rochester Stock Exchange.
t
CC1
Chicago Board of Trade,
on
4% to 6% Bonds
MYRON W. GREENE
BANKER
Rochester Securities
-
W. J.
Columbia Bank Bid?..
W.
MOSS & COMPANY
E.
RAILWAY COMPANY.
BONDS
Union Trust
•
W
CO.,
BANKERS
CO.f
Municipal and Strsst Railway
Securities—A Specialty
STOCKS
ANI>
SONS,
INDIANAPOLIS
INVESTMENT
BONDS.
York
New
OITIce*
11
COK&ISPONDKKCB SOLICITED.
ATLANTA
BONDS.
DARWIN G.
W'all Street.
rfiAmT
.
^“LVirr
Thornton, McCrum & Co.,
DtiiAJLKHs
Tn
JONES,
ATLANTA, GA.
KANSAS CITY. MO.
Uaniai
SECURITIES,
AUGUSTA, GA.
Brothers,
BllOKKRS,
LOCAL STOCKS AND
INDIAN A 1*01,10.
Indianapolis Stock Exchange
Bank Bldg.
WILLIAM E. BUSH,
Birmingham.
■
•
Alabama.
Investment Securities.
Investment Securities
American Nat
BROKERS,
BANKERS AND
-TUITUW I‘ "I
Members
AND
Steiner
OLDEST BOND HOC8B IN INDIANA
JOS. T. ELLIOTT &
AUGUSTA, GA.
SOUTHERN SECURITIES.
Birmingham, Alabama.
Bankers and Braken.
-
Building.
Otto Marx & Co.
INDIANAPOLIS
143 K. Market Bt„
BROKER,
ASHINGTON, D. C.
406 Colorado
WISCONSIN
J. F. WILD &
John W. Dickey,
AND
&
Sec. & Tree*.
AUGUSTA.
Dealers In Southern Investment Se¬
curities of Erery Description.
IBUNiriPAL
and
CORPORATE
-
President
Hugh MacRae & Co.,
ESTABLISHED 1850
MILWAUKEE,
of Pittsburgh. Pa.
L. I* M’C'lelland,
James8. Kahn,
PAID-UP CAPITAL* *400.000
R. M. FRIEND
SCHLEY
CHAS.
Securities Co.
MOTTU & COMPANY
W1LIU1NGTON, N. C.,
MILWAUKEE
BONDS
Municipal and Corporation
BANKERS,
Bldg., DETROIT, MICH.
CHAS. SCHLEY
Correspondence Solicited
NORFOLK. VA.
Municipal and Corooration
BONDS
(NO STOCKS)
Mtge. 5%% Bonds.
BANKERS
PITTSBURGH.
INVESTMENT
Of LIMA. PERU.
1st
Co.,
We Bny and Sell
FOR SALE
DETROIT, MICH.
&
Pltts:burr:h Stock Exchange.
INVESTMENT SECURITIES.
SOUTHERN.
URBAN
Black
Members
TENN
-
Avenue,
PITTSBURGH, PA.
Securities.
NASHVILLE.
EXCHANGE,
a
240 Fourth
Telephone and Street Railway
Application.
HALL,
STOCK
specialty of all the Securities of
great Pittsburgh District,
LANDIS BANKING CO.,
Daily Lists Mailed
C.
MEMBER PITTSBURGH
=
LOUISVILLE.
City. Mo,
f S.O. Ry. & Light Securities
| Local Bank Stocks
[ Kana .A: Mo. Municipal Bonds
J. J. B. HILLIARD & SON,
4
LOUiSVlLLE, KY„
BANKERS AND UKOKEKS.
NEWTON TODD
TRACTIONS AND
LOCAL STOCKS AND BONDS.
Fletcher Bank Building. Indianapolis.
A.
STOCKS
Strassburger,
AND BONDS BROKER.
Southern Investment Securities.
MOXTOOM1CISY,
ALA.
INVESTMENT BONDS.
8TKKKT
RAILWAY
SECURITIES
Specialty.
Correspondent*. KX. NORTON A 00., N, Y.
A
Till
THE CHRONICLE
uuktxs vend
^xolxzxs outside Hzxo ^oxk.
CINCINNATI
CHICAGO.
&
CINCINNATI.
and
25
BROAD
STREET
INVESTMENT BANKERS
CO.,
Memberst
Barney & Smith Car Co. 5% 1st Mtge. Bonds
Dated
July 1. 1930.
St. Louis
-
We have at all times lar^e
amounts of Hitrh Grade Muni¬
WHITE, WAGNER
AND
&
cipal and Corporation Bonds
vieldin^ from 4% to 5%. which
CO.,
BONDS
COLUMBUS
MOCK
Investment Securities,
ST. LOUIS.
Members New York Stock
St. Louis Stock
W. B. McKeand &
Municipal and Corporation
The Rookerv
BONDS
Investment Securities.
Co.,
Chicago.
WHITAKER & CO.,
GROUND FLOOR EQUITABLE BUILDING '
Investment Securities
SEATTLE. WASH
STOCKS
COMMERCIAL
Municipal and Corporation
& DICKEY CO
MINNEAPOLIS, MINN.
A
MUNICIPAL
and
GEO.
SPECIALTY
Commercial
Correspond with
WM. R. STAATS
CO.,
CALIFORNIA MUNICIPAL,
SCHOOL AND CORPORATION
Citizens
TO
0
PER
LOS ANGELES
PASADENA
si;<
co.,
I'UITIRS,
MEUiiKtt LOS ANGELA «och.
LOS ANGELES.
Building.
Co.
York Stock
Louis gtoolc
Exchange,
Exchange.
Government Bonds and other
Investment Securities.
K«auiuB j
W
and
CLEVELAND, OHIO.
8c Co.,
Members of Baltimore Stock
Exchange,
BANKERS,
216 E. Baltimore Htreet,
Baltimore.
Investment and Miscellaneous Securities a
specialty, and whole issues handled. Exceptional
facilities lor dealing in all classes of
Southern
Bonds. Loans on Collateral Securities
negotiated.
BANKERS AND BROKERH
SONS,
& Co..
INVESTMENT BONDS.
CLEVELAND. O.
<ft Co.
Established 1867.
Wilson, Colston
Co.,
227 E. German Street, Baltimore
MEMBERS BALT. STOCK EXCHANGE
BOSTON, MASS.
Emery, Anderson
Wilson, Colston
Robert A. Fisher &
Sold.
J. HAYES &
Garfield Building
BALTIMORE.
William Wilson A Sons.
Established 1802.
CLEVELAND, O.
BONDS
Bought
CENT
J. STILSON
INVIiST.TIl£\T
MINN.
-
MUNICIPAL AND
PUBLIC FRANCHISE CORPORATION
BONDS
FIELDING
-
LOUIS, MO.
DEALERS IN
Investments.
Investment Securities
ANGELES, CAL.
4
and
Hayden, Miller 8c
us
Adams-Phillips Co.
NEI
LANE,
j gt
Street,
District and Corporation
THEY PAY A BETTER RATE OF INTEREST
THAN BONDS OF THE SAME
MERIT ISSUED
IN THE EAST
TO
Paper
ST.
Members
B
CLEVELAND.
CALIFORNIA BONDS
LOS
307 North 4th
COItPOKAllON
MINNEAPOLIS,
LOS ANGELES.
Municipal, School
ST. LOUIS
G. H. WALKER & CO.
KOMIS*
BONDS
SECURITIES
300 N. 4th ST.
Sts., Chicago.
WELLS
PHILADELPHIA
COAST
PRINCIPAL MARKETS}
MINNEAPOLIS.
MORRIS BROTHERS
PACIFIC
Louis Securities
PRIVATE WIRES TO
PAPER,
S. W, Cor. Monroe & La Salle
to St.
Go.,
(INCORPORATED.)
PORTLAND, ORE,
PORTLAND
Special Attention
A. G. Becker 8c
PRICE,
Banker & Broker,
Municipal and i orporation
HON US
BANK
Exchange,
Exchange,
Chicago Stock Exchange.
respondence invited.
William E. Sweet & Co.,
E.
Street,
are
EXCHANGE
DENVER, COL.
JOHN
s
DEALERS IN
suitable for the investment
oftrust funds and would alwavs
be available as collateral. Cor¬
Miscellaneous Securities in all Markets
MEMBER^
YORK.
( New Yo
York Stock Exchange.
) Chicago Stock Exchange.
j St. Lout*
Lou I Stock Exchange.
( Chicago Board ot Trade.
214 N. 4th
COLUMBUS
STOCKS
Members
OHIO.
-
Broadway, NEW
FRANCIS, BRO,8cCO.
AND DEALER
CINCINNATI,
71
Merchants Exchange.
EDGAR FRIEDLANDER
BROKER
Street,
St. Louis.
CHICAGO. ILL.
ISSUE
Due
410 and 412 Olive
WIRES.
New York Stock
New York Cotton Exchange,
New York Coliee Exchange,
Exchange.
New York Produce
Exchange.
Chicago Stock Exchange,
Chicago Board ot Trade,
OHIO.
-
102^.
YORK,
CHICAGO.
STOCK IS ft OK
JESUS,
Successors to A. O. SLAUGHTER
& CO„
139 MONROE
STREET,
Companies.
Price
NEW
A.O.Slaughter Jr.&Co.,
Bonds and Stocks of Ohio
July 1. it**).
STOCKS AND BONDS,
NEW YORK STOCK EXCHANGE
CHICAGO STOCK
EXCHANGE,
CHICAGO BOARD OF TRADE.
PRIVATE
NEW
SONS,
MEMBERS:
able for safe investment.
W. E. HUTTON &
EDWARDS 8c
Carrington,
WESTERN UNION BLDG.
Corporation Bonds suit-
-
A. G.
STOCKS AND BONDS,
GRAIN AND PROVISIONS.
Municipal, County
CINCINNATI,
8T. LOUIS.
Bartlett, Frazier
WEIL, ROTH & CO
Dealers in
[VOL L XXXIV.
OTTO JULIUS MERKEL
BROKER
44
AND
46
WALL
ST.,
NEW
YORK.
INVESTMENT SECURITIES.
Correspondents Imrtl 4
Feb. 23
IX
THE CHRONICLE
1907. j
Hero Uorfe jstoch ^xclxattae Rouses.
T. A-
McIntyre & Co.,
CO.,
Memberg of New York and Chicago Stock
MEMBERS:
New York Stock Exchange,
New York Cotton Exchange
New Or'.eans Cotton Exchange
Liverpool Cotton Association.
New York Coffee Exchange,
New York Produce Exchange
Chicago Board of Trade
New
Robert H. Simpson
Bfflngham Lawrence •
EFFINGHAM LAWRENCE & CO.
Members New York Stock
Exchange,
PRIVATE WIRES TO PRINCIPAL CITIES
Chas. Fairchild & Co.,
Members N. Y. Stock Exchange
29 WALL STREET AND 3 BROAD STREET
York
Chicago
Stock
NASSAU STREET
Empire, 63d Street and Broadway
CORNER WALL.
Postal Telegraph Bldg.
Railway Exchange Bldg.
">
BRANCH OFFICES
Waldorf-Astoria, N. Y. C.
Williamsport, Pa.
Wllkesbarre, Pa.
Flatiron Building, N.Y.C.
2 East 44th St., N. Y. C.
Buffalo, N. Y.
Cincinnati, O.
Cleveland. O-.
Dayton O.
Detroit, Mich.
Erie, Pa.
Scranton. Pa.
st. Louis, Mo.
...
...
•
•
£• Syracuse, N. Y.
•
' Troy, N. Y.
RiUtica, N. Y.
Schenectady, N. Y.
•
•
S3
Montreal, Can.
HARRIMAN&
We Make
24 Broad Street. New York.
Specialty of
AND TRUST CO.
STOCKS.
BANK
P.
a
ALLEN, McGRAW & 00.,
J. Goodhart & Co.,
Members New York Block Exchange,
51 BROADWAY,
NEW
-
YORK
LADD & WOOD,
Members New York Stock
Members
N. Y. Stock Exchange.
Newburger, Henderson
& Loeb
100 Broadway,
New York
527 Chestnut
Street,
Philadelphia
BANKERS AND BROKERS,
and Stook Bxohangg
specialty of
Investment Securities.
BRANCH OFFICE, NIGHT & DAY BAKE,
347 FIFTH AVENUE.
Newport Office: Audrain Building.
A. M. KIDDER & CO.,
BANKERS,
18 WALL STREET, NEW YORK.
Established 1863.
MEMBERS OF NEW YORK STOCK EXCHANGE.
Allow interest on deposits subject to sight check.
Buy and sell on commission st >cks and bonds, and
deal in
RAILROAD bonds
GUARANTEED STOCKS.
NVESTMENT SECURITIES.
INVESTMENT SECURITIES. 1777
77
W.
Orders Executed on All Leading
Stock Exchanges.
LroadbyJ & Co.,’
7 WALL STREET.
BANKERS AND
BROKERS,
Wilson, Watson & Herbert, N0- 54 BR0AmVA¥ NEW Y0BKExchange,
R. T. Wilson & Co.,
Orders Executed for Cash
00.,
BANKERS
~
”
“7
H.
a
CHARLES FEARON &
Members of the Now York and
rhiiadelpnlu Mock Exchanges.
Exchange,
CO.,
BUILDING, NEW YORK.
Transact a General Banking
Business. We make
William M. Vanoe.
PRIVATE WIRES TO PRINCIPAL CITIES.
and
Tel 5555 Broad.
Private wires to principal cities.
CHICAGO, ILL.
Btanley D. McGraw
Robert H. Allen.
Telephones 4255-4266-4857 Rector.
Cotto
IN
DEAL
-
1
and
Board of Trade
Exchange.
Stock
STOCKS, BONDS AND
TRINITY
BRANCH OFFICE
Hotel
New
the
Cleveland
MISCELLANEOUS SECURITIES
IN ALL MARKETS
CORRESPONDENCE SOLICITED
Ilrancti Offices, 516 Fifth Avenne
Delmonlco’s and 305 Broadway
of
Exchanges,
Telephone 3070 John.
Miscellaneous Securities
in all Markets.
Orleans.
Members
So CO.,
BROAD STREET
30
Exchangee
Direct wire connection Boston,
Chicago, and
BROWN
A. O.
Nos. 34-86 WALL ST., NEW YOKE.
BROADWAY
71
I. HUDSON &
C.
Members
New York Stock Exchange
:
Philadelphia Stock Exchange
833 Chestnut
St.,
-
PHILADELPHIA
Members N. Y. Stock
or on
Margin,
BANKERS
INTEREST ON BALANCES.
Hanover Bank
&
33 Wall Htreet
NEW YORK.
Bldg.,
SECURITIES
Lapsley & Co.,
•X. Gr.
13 BROAD HTKEET, N. Y.
Transact
A 7COUNTS OF BANKS A
GRAHAM,? TAYLOR & CO.
BANK AND TRUST
8. F. JOHNSON <fc CO.,
COMPANY STOCKS
Zachry & Co.
18 WALL
BANKERS SOLICITED.
INTEREST ALLOWED ON DEP0SIT8.
Private Wires to Cincinnati and Chicago.
e x.nortonT&
CO.7
Place, New Toait.
Ex-Nobwon, Mem. NY. Skoek Ex. Q*o. V. Veaao
*2 Ebnthange
Branch Office. 300 Fifth Ave.
MEMBERS NEW YORK STOCK EX CHANG-*
Edwin P. Campbell,
Hanky G. Campbell,
Campbell & Co.,
H. G.
11 Wall Street, New York.
NEOIJRITIES
INVEST!?! IK NT
NEW YORK
Troy N. Y,
STREET,
Branch Office,
BANKERS, 46 Wall St., New York
General
Banking and Stock
Exchange Business.
a
Wm. Sharp Leggett
Successor* to
BONOS
LOANS
INVESTMENT
Howard
New York.
Henry F.Taylob
J as. Lorimer Graham
MERCHANTS
COMMISSION
MEMBERS NEW YORK STOCK
Wm. Fahnestock, .Memb.
T. J. liuuTOBD,
Fahnestock
N.r. Stock Ex.
R. B. Dodson.
£L A. Lancaster 6c Sons
NO
SECURITIES.
2 WALL STREET.
YORK,
STOCK
DEALERS IN
INVESTMENT and MISCELLANEOUS
SECURITIES.
Southern Seenrlife* a Specialty.
B00DY, McLELLAN&CO.,
BANKERS,
Httflinecrs.
No. 37 Broadway, New York City
Members New York Stock Exchange
STOCKS, BONDS and INVESTMENTS,
EXECUTED
For Investment or on Margin
ORDERS
To Institutions, ENtutes and Private
Investor*—r*en«i tor our special circu¬
lar on ** The Present situation of the
Investment Bond Market.’*
JOHN H. DAVIS &
CO.,
BKOKKRS,
BANKERS AND
NO. 10 WALL STREET,
Members N. Y. and Phila. Stock
Exchanges
Q. WHITE & CO.
Engineers, Contractors,
J.
43*49
Exchange Place.
41 NEW
Members
N.
Y.
So CO.,
STREET.
Stook Exchange.
Orders Executed for Cash or on
http://fraser.stlouisfed.org/
WWItAffpvrfiV'(7T«-r> I.T'i WM’ r
Federal Reserve Bank of St. Louis
-■J'TKnf.'viv-
Margin
NEW YORK
Financial
Institutions
and Investors.
Electric Railways, Electric Light and Electric
Power Plants Financed, Designed and Built.
London
R. J. JACOBS
-
Investigations and Reports on Electrle
Railway, Gas, Elvcfrlc Light, and
Power Transmission Properties
for
Correspondent:
G. WHITE Sc CO., Limited,
9 Cloak Lane, Cannon 8t.. E. U.
J.
Canadian Correspondents:
CANADIAN WHITE CO., Limited,
Moutreal.
Principal
Parkinson & Burr,
10 WALL STREET,
NHW
BROKER* AND DEALERS IN
INVESTMENT
EXCHANGE,
Sold on Com*
BANKERS,
Co.,
&
Securities Bought and
mission.
Philippine Office. Manila. P. 1.
7'
WWlMWfr-YM'f,i/
BROKERS,
33 8TATE STREET,
STREET,
NEW YORK.
BOSTON.
Members of Mew York and Boston Stook Exchanges
Private wire between the two offloes.
Information given In regard to all Boston Securities
notationsi furnished.
1
and qnot
r WALL
[as. H. Oliphant 6c Co.,
f
BANKERS AND BROKERS,
20 Broad Street,
.
.
New York.
Telephone No.865 Rector
IAS. II. OLIPHANT
FLOYD W. MUNDY
ALFRED L. NORRIS
J. NORRIS OLIPHANT
Members New York Stock Exchange.
W. n. THUR8TON.
O, J. BRAND,
O. J. BRAND So
Members New York
CO.
Btsck Exchange.
74 BROADWAY.
INVESTMENT SECURITIES.
T. S. & R. D.
MEMBERS NEW YORK
FARLEE,
STOCK EXCHANGE.
BKOKEUH AND DEALERS IN
INVESTMENT
SECURITIES.
11 W1I.L STREET,
MEW YOKU
4
X
THE CHRONICLE.
VOL. LXXMV.
(tinwent IBoutt Inquiries
Maryland Delaware
&
Virginia 1st 5s, 1955
Fonda Johnstown & Gloversville
1st 4J4s 1952
Pennsylvania Company 3k>s, Series B & C
$20,000
Lex. Ave & Pavonia
1st 5s
Sunbury & Lewisburg 2nd 6s, 1925
Verdigris Valley Ind. & Western 1st 5s
New York &
Jersey Tunnel 5s, 1932
1950,
Christopher &
j
j
404 Connecticut
A L’L
NOTH
3945
A. LISMAN &
CO.,
Specialist8 in Uncurrent Issues.
Tel. 5950-1-2 Broad.
PROCTER
&
25 Broad St.
BORDEN
Equitable Building, New York.
SOUTHERN
44 <fc 46
Actual Notes
now
ready for delivery
OFFFR
Chesapeake
<fc Ohio 4^s, 1992
Minnesota Transfer 5s, 1916
Beech Creek Coal 6c Coke
5s, 194-4
Providence Securities Deb. 4s. 1957
Thompson Connellsville
Coke 5s, 1931
Detroit Rwv. Cons. 5s\ 1916
Sc
COMPANY,
BONDS
BECKER &
Deal in Bonds, Stocks and
Investment
i Securities and
transact an
business with the principal arbitrage
European
stock markets.
Broad Street
(M2 i* >
Teiepnoues* i
> Broaa.
(4330
Short»Time Canadian Provincial
Bonds
.
Hartshorne, Boge rt & Battelle,
MATURING
25 Broad Steet,
New York.
BONDS
Write
or
160 St. James
Street,
Montreal, Canada.
Telephone No. .*430-1-2 Broad
call for our Book E 4
INVESTORS* MATURING
BONDS,
with comparative
tables—a useful
book for bond buyers. We
also Issue
on
request a list of railroad
and
other bonds—suitable
for invest¬
ment and of the best
described, In
security. Fully
our
February Circular
Lincoln &
18
WALL
ordered
New York City ?*tock
ST.,
Union Typewriter
No. 272
Chicago & North West. Rights
Company
NEW
YORK.
Wadsworth & Wright,
Members New York Stock
Exchange
Chicago Rock Island
Pacific
and
2 Wall Street.
EQUIPMENT NOTES.
BONDS
AND
Rhoades
7 Wall
&
ALL
Company,
St.f Corner New St.,
NEW VORK.
Telephone 1
&
1 .5
Itecror.
COMPANY
Investment Bonds
Title
Building
50
NEW YORK.
Railway.
UNLISTED
Congress Street
BOSTON
DESCRIPTIVE CIRCULARS SENT ON
APPLICATION
MARKETABLE
SECURITIES.
W. E. R. SMITH &
20 Broad Street
VICKERS
Lund
NEWR08E.”
Members New York Stock Excbane.
STERLING,
BAKER, AYLINC
*•
WANTED:
Louis «Si Nash. Unified 4s
Mobile &
4s
Birmingham
Central of Georgia Consol, os
Westinghouse Convertible os
Cable Address:
$
Commercial Cable Bonds
3£s
Tel. 985-0*6-987 Rector.
Cable Add. '• Becketer,”
18 Wall St., New York
Short-Term Notes
So. Pacific. New Mexico 6s
Central Pacific
34 Pine Htreet, New Yorh.
Tel. III (10-1 -2-3-1-5 John
Mexican Gov. 4s 6c 5s
Wisconsin Central 4s
New York Central Deb. 4s
St. Joseph & Grand Island 4s
Republic of Cuba Internal 5s
St. Louis Iron Mountain Sc
Southen 5s
4s, 1956
Allift-Clialmers 5s, 1936
Impt. 6g
Consolidated Rwy-. Deb. 4s, 1956
COFFIN
BROADWAY, N. Y,
New Y'ork City
Central RE. ot New
Jersey 5s
Noifolk & West. Ext. &
3-year 5% Gold Notes
6%
Deposits
45 NEW STREET.
MEMBKWS NEW YOKK STOCK EXCHAlfOB.
YORK.
RAILWAY
Price to net better than
on
NEWBORG & CO.,
New York
A
City)
23 Broad Ms..
New York
Broad
Interest Allowed
LIBBEY & STRUTHERS
30
10th St.RR. (NY.
Telephone
Building, PHILADELPHIA
Boulevard, CHICAGO
Mutual
Building, HARTFORD
ISSUES
4% %
BANKERS
j
1st 5s
SPECIALISTS IN STEAM RAILROAD
SECURITIES
Members N. Y. Stosk
Exchange
STREET, NEW
yield nearly 4%%
8% Guaranteed stock, to yield 4.65%
G. W. Walker & Co.
J. LISMAN & COMPANY,
BROAD
to
(Tax exempt)
:
RAILROAD BONDS DEALT IN BY
Land Title & Trust Co.
169 East Jackson
yield 4%%
20 Shares
f
30
Ferry Railroad
$10,000
42d St. Manhattanv. & St.
Nich.Av Ry,
1st 6s due 1910, to yield
,
Augusta Southern
F.
to
Bleecker St. & Fulton
Ferry Railroad
1st 4sdue
,
Toronto Hamilton & Buffalo 4s
St. Joseph & Grand Island 1st
4s
Millen & Southwestern 1st 5s
ALL STEAM
1993,
$10,000
Shamokin
AND
due
CO.,
New York.
&
PHELPS.
29 Wall St., N^w York
‘ ‘
G U AR A NT EE D
STOCKS’’
Descrh tive List Sent On Application.
Chesapeake A Ohio Cons 5s, 1939
Amor. Tel. &T<*1. (bur.
4s, 1936
Atlantic Coast Line \'/()
Equipments
Fairmont Coal 1st 5s, 1931
Cuban Govt. Internal Gold
5s,of 1905
M.
Cable
WOLFF.
Add. "MOWOLP" 27 William St.. N Y
Phones-. «557-r,5r,8-«5r>!) Broad
XI
THE CHRONICLE
Feb. I'i! 1907. |
562198—Choemnstap. k
(Cm event ISontl
Inquiries.
BROOKS
Consolidated Railway
&
CO.,
BANKERS,
SCRANTON
-
-
PA.
-
(NEW HAVEN)
DEALT IN
DEALERS IN
4s,
Debenture
HIGH GRADE BONDS
BY
Northeastern
Co.
Pfaelzer 6c
Correspondents: Edvard B. Smith t Co
Members N. Y.and Pitta. Stock EnlMIM
BANKERS
25 BROAD
BOSTON
WE OFFER:
N. C., 4s, 1954
City of Mobile, Ala,, 4Hs, 1939
Somerset Car Trusts,Tax Free In Pennsylvania
Poughkeepsie Light, Heat & Power Co. 5s, 1921
Colorado Springs & Cripple Creek 1st 5s, 1930
Strother & Co.,
Sutton.
104 SOUTH CALVBBT
ST.,
HALTLItlORE, HD.
Members of Baltimore Stock
Marshfield, Wis., Gs
CO
,
tsoslon.
LEONARD F. HEPBURN, Broker
Public Service Corporation Bonds
Exclusi vely.”
and Stocks
From time to time we make studies of railroad
and Industrial properties for the benefit of our
clients.
We will upon application
the following properties.
for
TO
Y.
Connecticut Railway
‘25 Bioad St.. N. Y.
27
PINE
STREET,
& CO.,
N
Rosen, Stillman & Co.,
Members N. Y. Stock Exchange.
mn
Tel. 4640 John
GEO. P.
•
Railroads and other
Corporations in the (Jutted States and elsewhere
30 Broad
Philadelphia. Pau
Portsmouth (O.) St. RR. & Lt. 1st, 5s
Fonda Johnstown & Gloversville 4J^s
FREDERIC H. HATCH,
TeL 1116 Brood.
BH5SELL,
1 IN Soutii Fourth St.
Internat. Silver Debenture Gs, 1933
Tel. 4301-2 Broad
5s
YORK.
237 JOHN.
Dealer In Unlisted Securities of
s
Consolidated Gas Co. of N. J. 1st 5s
Muncie Hartf. & Ft.Wayne Ry. 1st 5s
Toledo Tract. Consol. 5s
Rockford Gas Lt. & Coke Co. 5s
FOR SALE
Exchange
UNDERLYING SECURITIES;
United Gas & Elec. Co.of N. J.lst 5
International Silver prefered
International Silver common
E. Tworger
Buy
Bay City Gas Co. 1st 5s
WANTED
Y-
Chicago & North Western Divs.
International Navigation 5s
Kansas City Southern Notes
Morgan’s Louis. & Texas 7s
St. Louis & San. Francisco 4^s, 1908
NEW
Will
PITTSBURGH
Philadelphia Company Of Pittsburg
55 William Street
hn
Jester & Co.,
Lexington Ave <fc Pavonia Ferry 5s, '93
Metropolitan Elevated Gs, 1908
Merchants' Exchange National Bank
Carnegie Trust Co.
New York City
Taylor & Company
*248 Fourth Avenue,
Metropolitan Elevated Ry. 6s, 190S
Del. Lack. & West. 7s, Sept. 1907
CO.,
WANTED
Pine Street,
MAGOFFIN,
49 WALL ST., NEW YORK.
H. P-
and Bonds
1
Steel
& Lighting Co.
e
Telephoned 50 J
BANKERS & BROKERS
Stock
&
Wo
PHILBRICK & HALL
Union
DENNING
WILLIAMSON,
W. A.
20 Broad St.
Members New York
ctfs.
BOND HOUSE 0F
N
G PER CENT.
J.WiUetHall
or
Jersey City 6s, April, 1916
EXCHANGE.
OFFER
Rector
A, E. Philbrlck
Richmond Pass. & Pow.Co. 5s
International Traction of Buffalo and
other Traction Securities
TELEPHONE
Tel. 910-1
AJHD WATER* BONDS, AT PRIttBB W9
NET 8k TO 6K%.
LiMuptn ApfUonMm.
WANTED:
CO.,
4s
C. L. PARMELEE
RAILROAD, «A1
MORTGAGE 5%
FIRST
New Orleans Ry. & Light Securities
Springfield Ry. & Light Securities
BONDS
YIELDING
NEW YORK.
Louisville.
MEMBERS NEW YORK STOCK
THE B0VRAE,
PHILADELPHIA.
Ill BROADWAY
i\ew lforb
New York.
53 State St.. BOSTON. MASS.
WE
INVESTMENT
FOR
BANKERS.
Securities
&
MASON
BONDS
Co.,
selected
carefully
S. C. HENNING &
Kirby Lumber Com. & Prof.
Kirby Timber certificate Gs
[] Houston Oil Com. & Pref.
W.
Reotor
A. N. CHANDLER & GO.
Street,
5s
Dealers in Unlisted Inactive Stocks
YORK.
Specialists In
Northeastern Pennsylvania Securities
conservative
investment
NET 444% to 5*4%.
:JO Pin©
CO.,
Gt. Northern Ry. Canada
Hudson River Elect. 5s
F.
& Ohio Dividend
porations
N.V. City
20 Broad St.
Edison
Detroit
|
Telephones
BONDS of Public Service Cor
Lexington Ave. & Pavonia Ferry 5s
Dry Dock E. Bway.tfe Battery 5s
PATERSON &
ST., NEW
NASSAU
5
send our circulars on
BANKERS
N. Y. & East River (las 1st 5s
Union Railway 1st 5s
Tel. 1985-6 Rector.
BANKERS
RICHMOND, VA.
Chicago Milwaukee Elect 5s, 1922.
N. Y. & Westchester Ltg. Co. Deb. 5s, 1954
Laclede Gas Co. Refg. 5s. 1934
Hudson River Elect. Power Co. 5s, 1944
Kansas City (Mo.) Gas Co. 5s, 1922
Peoples Gas Lt. & Coke Refg. 5s 1947
Minneapolis Gas Co. 6s, 1910-1930
Tel. 3785-3783 Rector
20 New St.,
MEGARGEL & CO.
Bankers A brokers
A. H. Bickmore &
Specialists in Inactive Bonds,
“
SCOTT & STRINGFELLOW
.
Sr. Louis & No.Arkansas RR. Sec.
-
PHILADELPHIA
& Ohio
GO—Comp B. & O., C. & O. and N. & W
C. & O. and N. & W.
Austin, Texas 4s and os
Hudson River Electric Co. 5s
Hudson River Water Power Co. 5s
27 State Street
Ksntantem Psaaetntti
>904 Manual of
Securftlos, Now Oat, Matted fire# ea Hae«aA
of Ga. Income Bonds.
Exchange.
H. C. SPILLER &
Car
STREET, NEW YORK
Cltv of Greensboro,
Pennsylvania Investment
St. New York.
Ft.
Wayne & Wabash Valley Consol.5s
LEONARD
SNIDER,
Broadway, NEW YORK
402 Land Title Building, PHILADELPHIA
66
INVESTMENT SECURITIES
E. C. Stanwood 6c Co.
BANKERS.
96 MILK STREET
BOSTON
XII
THE CHRONICLE.
| VOL.
A
i
LXXXIV
Planted.
COMMERCIAL
Investment
Lincoln Trust Company
MADISON SQUARE, NEW YORK
BROADWAY & USPENARD ST.
each
State
sion.
to
House
PAPER.
Salesman
or
wanted
in
sell Commercial
Address
N.
Paper on commis¬
Banking
House, care
Y.
Financial Chronicle, P. O. Box
958, New' York.
WANTED.—In
the office of a
weekly newspaper
young man about 20 years of age for
statisti¬
cal and general office work.
BROADWAY & 72(1 ST.
a
Must be quick
figures and come well recommended.
Salary
begin with, $10 per week.
Address, stating
age and experience, D. B. W., P. O
Box 958.
New York City.
at
to
CAPITAL AND SURPLUS,
$2,000 000
SITUATION
Offers out-of-town Banks and dormant
accounts of
firms and individuals
every facility of a modern
and
Cashier, Bookkeeper or Manager
department is desired hv man of
years’ experience in investment and
exchange houses.
Best of references.
F. D., Box 1129,
Boston, Mass.
of
many
stock
R.
well-equipped Banking and Fiduciary Institution.
©opavtucvsltiy*.
OFFICERS
HENRY R. WILSON, President
FRANK TILFORD, V Ice-Preulden t
OWEN WAItD, ‘2d Vice-Prenideui
WILLIAM HARROW Jr.. 3d V-Prr*.
IRVING C. GAYLORD. 4ih V-Prea.
ROBERT C. LEWIS, Treasurer
FREDERICK PHILLIPS, Heey.
CHARLES B. CO LLI NS, Cashier
EDWARD C.WILSON, Aunt. Treu.
JOSEPH Z. BRAY, As»t. Secy.
G. J. BAYLES, Trust Officer
SPECIAL
nections
dollars
All
&
KAHLER
PARTNER.
BANKER, controlling business, desires to
join
active, successful New York banking house as
special partner: linn with international con¬
preferred.
O’CONNOR
as
clerical
making specialty of marketing bonds
as
Will contribute
up to
the standing of the firm
communications
of
care
P. O.
justify.
CAPITAL,
confidential.
Commercial
and
Box 958, New
million
one
may
Financial
Chronicle.
York Cite.
BANKERS
49 Wall
Jftuaucial.
Street, Manhattan
JOHN F. HARRIS.
)
H. R. winthrop,
T. B. CUNNINGHAM
)
[General
PUBLIC
UTILITY BONDS
j. a.
We offer
long-term first mortgage bonds of Gas and Electric
Companies within limits of Greater New York and elsewhere.
Absolutely
safe
investments yielding
to
riplky, Special Partner
Harris,Winthrop&
Stocks, Bonds
Investor.
Jones, Caesar, Did dnson,Wilrriot & Co.
Accountants, (III.)
Tribune Biag.
SEATTLE
ST. LOUIS
Stock Exchange bldg.
•
307 Epler B^ock
MEXICO
O
240 La Salle Street
FRANCISCO
Monadnock Bldg.
Apartado, 3029
LONDON
3
[ENGLAND]
Fred-ricks Place, E. C.
CHICAGO
PRIVATE
MUNICIPAL
BALLB0AD
Selected
*
SAN
F,
Exchange
WIRES
) 4%
[to BONDS
CORPORATION \ 6%
YORK
54 WILLIAM STREET
^CHICAGO
Grain
Chicago Board of Tra 'e
Chicago Stock Exchange
NEW YORK
NEW
Co.
MEMBERS
25 Pine Street
Public
and
New York Stock
INQUIRE
Certified
Partners
PITTSBURGH
People’s Bldg.
(or
investors,
APPLICATION.
Lawrence Barnum &
Co.,
BANKERS.
MELBOURNE
[AUSTRALIA]
9 Queen Street
conservative
LISTS MAILED UPON
17 end 29 PhH Street
NEW YORK.
PHILADELPHIA.
BCNTOlf.
Thomas L. Manson &
HEADY
THE
I LIUM ARY
2s.
FINANCIAL REVIEW.
Mffcwi ef N. Y. Ml Beatou Steele
Eschaage
T1
Broadway,
1907 ISSUE.
MEW YORK
-
Tel. 2IH Rector
Private Wires
A
Co.,
STOCK BROKERS
to
YEAR BOOK OF FINANCIAL
INFORMATION -282 PAGES.
Boston. Hartford, New Haven aad
Philadelphia
SAUNDERS & JONES
BOUND IN CLOTH
S2 00
Connecticut Traction Bonds
COMMERCIAL & FINANCIAL
CHRONICLE,
Pine
Edwards
Street, Corner Pearl Street, New York.
may aUo h<- had from P.
Bartlett, aJ.'t
& Smith, !
Draper^ Oanlqny. London.
SB WALL
-
NEW YORK
-
MAX B. BORG*
tfiicell&neoui
Monadnock
ST..
Mile., Chicago:
Bonds
and
Curb
Securities
A 8 P KOI ALT Y.
JO BltOAD HT.
11805
NEW
UKCTOIt.
YORK.
Feb. 23
THE CHRONICLE
1907.]
JfitttmciaL
giuirtcuits.
To the Holders of
Winslow,Lanier & Go., 59 Cedar St.
NEW
YORK
CITY
following coupons and divi¬
THE
dends ARE PAYABLE AT OUR BANKING
HOUSE ON AND AFTER
MARCH 1ST
XII i
Seaboard Air Line Ry. 3-Year 5% Bonds
-Due March I, 1907.
1907.
NEW YORK, February 7. 1907.
Cleveland Akron & Columbus, General Mort. 5s.
Cleveland & Pittsburgh RR. Co. Quarterly
dend 1H per cent.
Ojiio.Water Works 5s
Pitts., Ft. Wayne & Chicago Ry. Co., 1st Mort.
7 per cent., “Series C.”
Pitts.
Ft. Wayne & Chicago Ry. Co., I’d Mort
7 per cent., “Series 1.”
Union City, Indiana, School 5s.
Washington, Indiana. Funding Gs.
Lima,
.
"
MARCH 2D, 1907
Grant County, Indiana, Gravel Road 5s.
MARCH 20TH,
1907.
Butler, Indiana. School 5s.
THE
CANADIAN
RAILWAY
PACIFIC
COMPANY.
Dividends for the half-year ended 51st December,
1006, have been declared as follows:
On the Preference stock. Two per cent.
On the Common stock. Three per cent.
A further sum equal to.one-half oi one per cent
tin the Common stock will be paid thereon at the
same time out of Interest on the proceeds of land
sales.
Warrants for the common stock dividend will be
mailed on or about April 2d next to Shareholders
of record at tin* closing of the books in Montreal,
New York and London, respectively.
The Preference stock dividend will be paid on
Tuesday, April 2d next, to Shareholders ot record
at*the closing of the books at the Company's
London
S.W.
NOTICE
Div-
Office, No. 62 Charing Cross. London,
The Common Stock Transfer Books will
close in Montreal. New York and London at three
P. M. on Friday, March 1st.
The Preference Stock Books will also close at
three P. M. on Friday. March 1st.
All books will be reopened on Wednesday. April
5d next.
BY ORDER OF TH E BOARD.
CHARLES DR 1N KWATER, Secretary.
Montreal, 11th February, 19<>7.
CHICAGO GREAT WESTERN RAILWAY CO.
The Board of Directors of the Chicago Great
Western Railway Company have declared the
semi-annual dividend of $2.50 per share on the
Preferred A Stock for the half year ending with
December, 1906, payable on the First day of April,
1007, to stockholders of record on the last day of
This Company has made an arrangement with The Continental Trust Company of Baltimore,
Maryland, to extend the Issue of its Mortgage and Collateral Trust Five Per Cent Three-Year Gold
Coupon Bonds Issued under its Mortgage and Collateral Trust Agreement dated March 1, 1904, to
and with The Continental Trust Company of the City of New York (now the New York Trust Com¬
pany) and Willard V. King, maturing March 1, 1907
According to the terms of this arrangement, the Railway Company Is to extend the bonds from
March 1, 1907, to May 1, 1911, with Interest at the rate of five per cent per annum, payable semi
annually on the first days of September and March in each year (except that the tinal Installment
shall be Interest for two months, payable May 1,1911). at the office of The New York Trust Com¬
pany, the lien of said Mortgage ami Collateral Trust Agreement dated March 1, 15)04, now securing
the said bonds to continue unimpaired.
The right to extend as above lias been reserved to such of the present holders as shall deposit
their bonds for that purpose with The Continental Trust Company, Baltimore, Maryland, on or
before March 1, 1907.
At the time of such deposit they shall also recehe a compensation In cash
for each bond.
of $2U
The Interest due March 1, 1907, on the said bonds will be cashed at the time of the
the bonds for extension, upon surrender to
of the coupons due March 1, 1907.
deposit of
The Continental Trust Company of Baltimore. Maryland,
SEABOARD AIR LINE RAILWAY
PRESIDENT.
BALTIMORE, February 7. 1907.
Referring to the above notice, we are prepared to receive at our office on and after February
11, 1907, any of the above-mentioned bonds of the Seaboard Air Line Railway for extension, and
to make the cash payment of twenty dollars ($20) on each bond, and also the Interest due March
1, 1907, as above Indicated.
The holders of sucli bonds desiring such extension should deposit the
promptly at our office, Baltimore, In order that the extension
Interest accruing thereunder may be attached thereto.
Depositing
same
exchangeable for extended bonds
thereto.
The right to extend such bonds will
March
1,
terminate
March 1, 1907, and after that date
on
1907.
All bonds not
so
Company, New York, and E. H. Rollins & Sons, Boston, are authorized
deposit of the bonds.
The New York Trust
10
accept
THE CONTINENTAL TRUST COMPANY
By S, DAVIES WARFIELD,
PRESIDENT,
BALTIMORE, MARYLAND.
The transfer books.of Preferred A Stock will lie
closed at the close of business on the nth day of
March, 15)07, to the 2d day of April. 11)07.
SMELTERS SECURITIES CO.
71 Broadway, New York Cite, l’eb. 11. 1007.
QUARTERLY DIVIDEND NO. 7 PREFER¬
RED STOCK, SERIES B.
AMERICAN
The
American
Board
of
Directors
of
t lie
Smelters
Securities
Company
have tuls day
declared a dividend of 1 ' 1 ",> on tHe Preferred
Stock,
Series
B,
ol
the
Company,
payable
March 1 1007, to stockholders of record on that
date.
The books of tin* Company for tin* transfer
of Preferred Stock. Series B, will be closed at 5
o’clock p. m., February 21, l‘.)07, and will re¬
open at in o’clock a. in., March l, l!>07.
G. M. BORDEN, Secretary.
MINNEAPOLIS &
ST
LOUIS RAILROAD CO.
Coupons due March 1 15)07, from First and Re¬
funding four per cent bonds of this company, will
be paid on and after that date at the office of
the Central Trust Company, 5 1 Wall Street. New
York.
F. H. DAVIS, Treasurer.
IOWA CENTRAL RAILWAY COMPANY
Coupons due March l, 1007, from First and
Refunding four per cent bonds of this company
will be paid on and after that date at the Mercan¬
tile Trust Company, ‘120 Broadway, New York.
F. H. DAVIS. Treasurer.
Buffalo &
Susquehanna Railroad Co.
Preferred Slock Dividend No. 19
The regular quarterly dividend of ON E 11) PER
CENT has been declared payable March 1. 1007
to stockholders of record February 16, 1007.
F. A. LEHR. Treasurer.
FISK & ROBINSON. 35 Cedar St., N
Y.
Transfer Agents.
Louisiana & Arkansas
Gold Bonds.
Coupon No. t), due March 1, 11)07, will be paid
at
_
maturity at the office of
FISK & ROBINSON. 35 Cedar
St.,
N'
First Refunding 5% Gold Bonds.
IRON
No
ROBINSON. 35 Cedar St.
N. Y.
S. I). II ETCHINGS Treasurer.
&
Buffalo & Susquehanna Iron
5‘';i
24
THE PENNSYLVANIA RAILROAD
A quarterly dividend of one and three-quarters
per cent upon the Preferred Stock of this Com¬
General Office. Broad Street Station,
lias been declared and-an additional dl\i- ■
Philadelphia, ISth February. 1907.
dead of two per cent on Deferred Dividend ae|
The ANNUAL MEETING of the Stockholders
count
has been ordered
Dividends are of this
paid.
Company
will be held on Tuesday, the
payable April
1st.
1907.
to stockholders
of* twelfth
day of March, 1907. at 11 o'clock a. tn..
record at the close of business on March 11th, 1
In Horticultural Hall. Broad Street below Locust
1907.
Street. Philadelphia, at which meeting there will
The Transfer Books of the Company will close i
be submitted for consideration and action by the
at three o’clock p. m.. March 11th, and re-open ;
Stockholders the Annual Report of the Company
at ten o’clock a. in. on April 2nd.
for the year ending 51st
December. 1906; an
H. L. ROW N D. Secretary.
,
agreement for the acquisition ,*y this Company
of the franchises, corporate property ami rights
and credits of the Philadelphia & Erh* Railroad
Company; an Increase of the Capital Stock of the
Company, and an increase of the bonded indebted¬
ness of the Company; such increase of either to
To
£case
LEASE
TO
The
large
arul
be
commodious
offices
& ROBINSON, 35 Cedar St.. N
Y
D. CARSON. Secretary and Treasurer.
TELEPHONE
&
the
■
First Floor of 56 Wall Street
Coupons from these bonds, payable by their
terms on March 1, 1907, at the office or agency
of the Company In New York or in Boston, will
be paid I11 New York upon presentation at the
"Manhattan Trust Company 20 Wall St.
WM. R. DRIVER, Treasurer.
made from
time to
time when and
as
in the
judgment of the Directors It may be required by
the corporate needs of the Company, and as they
may by appropriate resolution duly authorize and
prescribe, and other appropriate subjects.
*
extending through to Pine Street, with vault and ;
Stockholders may obtain copies of the Annual
basement on Pine Street, now occupied by the I
London Assurance Corporation, who are soon to ! Report of the Company, and the necessary tickets
of admission to the meeting, on and after the 4th
remove to William Street, corner Malden Lane.
of March next, by personal'application, or by
Apply to WM. O. PLATT, 56 Wall St.. R. 401
letter, at the Secretary’s office. Room 269, Broad
Street Station, Philadelphia.
L E W 1S N E11.SO N. Secretary.
BAKER & VAUCHAN,
BAIVZBBS
AND BROKBBS
FIRST MORTGAGE
ATCHISON
GOLD
Gas Bonds
20 BROAD STMBT.
■
We
NSW
have prepared and will
mail
YORK
on
request a pamphlet
position, earnings and
on
the
prospects
JAMES TALCO FT
Banker
and
Commli«lou
SALES
108-110
Franklin
St.,
on
Deposits
NEW
YORK
THE
(9pp. New CviIm HmmJ
Copying id Expert I omits lurked.
0LA&VIN
TOM&
NO J* rtwr*
qoo. 8.
system.
71
BROADWAY, NEW YORK
j
HERBERT H. KNOX & COMPANY
Members New York Stock
BATTERY PARK NATIONAL BAM
M ST ATE ST.
this
Members N. Y. Stock Exchange
CASHED
Equitable Interest Allowed
of
SMITH HECK 6c CO.
Merchant
Manufacturers* ami other Accounts
Solloltfri amt Financed
TELGERAPH
COMPANY
Convertible Four Per Cent Gold Bonds
on
Debenture Gold Bonds
maturity at the office of
AMERICAN
COMPANY,
;
pany
Company
Coupon No. 3, due March 1, 1907, will be paid
FISK
11.
ITXcctinflS.
I
STEEL COMPANY
&
Dividend
maturity at the office of
FISK
at
RE PL BE 1C
1
Y.
,f. A. BUCHANAN, Secretary ami Treasurer.
Kansas City-Western Railway Go.
Coupon No. 3, due March 1. 1907, will be paid
at
IHuiclcncTs.
Railway Go.
First Mortgage 5";)
no
extended will be purchased by the undersigned at par
Bonds not extended will not draw Interest after March 1. 1907.
bonds will be extended.
on
as
as soon
agreement and coupons for
holders will receive receipts,
the extension contract and coupons can be attached
March, Uh>7.
i5V order of the Board of Directors.
R. C. WIGHT, Secretary.
St. Paul, Minn., February !), 1007.
WALTER,
By ALFRED
DAT. CSmMw
Talbot. W CMiar.
50 Broad
We
Street
-
-
-
recommending
are
-
for
Exchange
NEW
YORK
investment
a
first-class
railroad
stock
yielding
over 5 "v
which we believe will largely
Increase In value.
London options dealt in
Quotations
tarnished upon request.
.
XIV
THE CHRONICLE.
VOL. LXXXIY.
ff inane uu.
$3,000,000
Pennsylvania Beech Creek & Eastern
Coal Company
Gold Five Per Cent Serial
Having disposed of $1*250,000
offered at public subscription
of
the
AT 90 AND
Sinking Fund Bonds
above
bonds, the unsold balance is
INTEREST
With 50% of the face of bonds in stock of the Company.
Total Bond Issue
$3,000,000
Capital Stock Authorized
'
5,000,000
Capital Stock Outstanding, including that attaching to bonds herein offered.. 2,250,000
STATEMENT OF OPERATIONS
Six Months
September 1, 1906, to March I, 1907 (February Estimated)
Gross Income from sales of coal and coke
Less Expenses
Profit
on
$2,675,073 99
2,330,242 44
"...
Coal and Coke..
Other Income from rentals, houses and
Less rental and interest
$344,831 55
113,897 56
.
subsidiary companies
...
$458,729 11
366,528 13
charges
Total surplus
earnings for six months—equal to 8% per annum on out=
standing capital stock, including stock attaching to these bonds.
Entire Bond Issue w ill be retired in serial annual installments
herein offered are as follows:
on
or
$92,200 98
before 1945.
$50,000
50,000
50,000
50,000
50,000
50,000.
50,000
50,000.
50,000
50,000
The fixed maturities
...due 1911
ii
1912
n
1913
u
1914
n
1915
ii
1916
it
1917
ii
1918
ii
1919
1920
1921
1922
1923
1924
ii
-
100,000
ii
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
ii
ii
ii
ii
ii
ii
ii
1925
1926
1927
1928
ii
1929
ii
1930
The
riyht is reserved to reft cl any subscriptions, to uUol smaller amounts than, applied for, and to deliver tin
:maturity unsold to any that may be desiy noted by the snhscriher. Payments may he made in full upon
application or in installments of 2.V;, upon application and 25% on April 10. Jane 17 and Aayust 10. 1907.
If only a portion of lh< amount applied for he allotted, the. balance of the deposit mill hi apprnpriated towards tin
amount due on allotment.
If any further balance remain, it will he returned.
nearest
Principal and semi-annual interest April 1 and October ! payable at
STANDARD TRUST COMPANY OF NEW YORK, Trustee.
.
Officers and Directors of
PENNSYLVANIA
BEECH
President
HON. .1 AMTS KERR
Vice-President
T. H. WATKINS
CREEK
&
EASTERN
COAL CO.
Sec’v and Treas
A. <i. EDWARDS
(ien. Sales Agent ROBERT MITCHELL
Feb. 23
THE CHRONICLE
1907J
xv
ffimmctal
PENNSYLVANIA BEECH CREEK & EASTERN COAL CO .-(CONCLUDED)
DIRECTORS.
Hon. James Kerr, President, Ex-Clerk National House of Representatives.
Director Clearfield Trust Company.
T. H. Watkins, Member of the Anthracite Strike Commission and Director of the ScrantonTrust Co.. Scranton. Pa.
C. D. Simpson, Coal Operator and Capitalist, Scranton, Pa.
R. H. Williams, of the firm of Williams A Peters, Coal Sales
Agents, New York City.
S. T. Peters,
W. A. Lathrop, Member Board of Managers Lehigh Coal A Navigation Co., Director Fourth Street National
Bank, Director Guarantee Trust A Safe Deposit Co., Philadelphia, Pa.
R. C. Storey, of the firm of Storey, Thorndike, Palmer A Thayer, Boston, Mass.
James T. Gardiner, Vice-President, of Coal Companies of Erie Railroad.
A. G. Palmer, Vice-President First National Bank, Patton, Pa.
Robert Mitchell, General Sales Agent.
Attention is directed to the following letter of James Kerr, President:
PENNSYLVANIA BEECH CREEK & EASTERN COAL CO.
Office
of the
President, Whitehall Building-,
NEW YORK, Jan. 29, 1907.
Gentlemen—Referring to your request for information with reference to the prop¬
erty and earnings of this Company. I beg leave to state the Company controls by lease
for a period of 999 years from September 1st, 1906, 106,000 acres of coal land, ineluding the'property of the well known and long established Pennsylvania Coal A Coke
Co.. Beech Creek Coal A Coke Co., Webster Coal A Coke Co. and other subsidiary
(YmipanEs.
The. workable, merchantable, bituminous coal underlying these properties con¬
servatively estimated by F. Y. DTnvilliers. H. M. Chance and William Clyde Wilkins,
well known geologists and independent coal experts, amounts to between eight and
nine hundred million tons of high-grade bituminous coal of the best steaming and
coking quality. These lands are so situated that the product commands the lowest
freight rates to tidewater and New England-points.
The Pennsylvania Beech Creek A Eastern Coal Company also controls a number of
electric light and water companies with valuable rights and franchises, all the stock of
the Hooverhurst A Southwestern Railroad and a large majority of the stock in the
North River Coal A Wharf Company, the latter company having valuable docks in
New York Harbor, known as Port Liberty, which furnish excellent facilities for its
harbor and steamship trade.
This Company also owns about 1,000 Railroad cars, 937 coke ovens, a large num¬
ber of dwellings, and has thirty-three shipping points for the coal originating at thirtynine mining operations as well as a half interest in two other independent coal operations
with machinery and all equipment in first-class condition.
It has an annual business of about 4,600,000 tons of coal shipped over the New
York Central, Pennsylvania. Philadelphia A Reading and Central Railroad of New
Jersey. Notwithstanding the fact that during the first six months this company has
been in operation the Railroads have been unable to move the tonnage originating
at these properties, and the car supply has been so inadequate as to cause a falling off
in the production of the collieries of nearly thirty per cent, the earnings for that period
(February estimated) show a surplus over all interest, rentals and other charges, in¬
cluding the interest on the bonds outstanding, equivalent to eight per cent upon the
82,250,000 capital stock herein attaching to the bonds as a bonus.
The Pennsylvania Beech Creek A Eastern Coal Co. has secured contracts for a very
large amount of steamship and general coal business for the ensuing year. The pro¬
ceeds from the sale of these bonds will be utilized for further developments to provide
v
this tonnage.
Yours
sincerely,
JAMES KERR, President.
(Signed)
Subscriptions may be made at the convenience of subscribers, and prospectuses secured from the following
GUARANTEE TRUST & SAFE DEPOSIT CO., Philadelphia
SCRANTON (JPA.) TRUST CO.
BROOKS & CO., Scranton, Pa.
MOLSONS BANK, BANKERS, Montreal
UNION TRUST CO., Providence, R. I.
AMERICAN TRUST & SAVINGS BANK, Chicago
WINDSOR TRUST CO., New York
E. H. GAY & CO., 1 Nassau St., New York
FIDELITY TITLE & TRUST CO., Pittsburgh, Pa.
PEOPLES SAVINGS BANK, Wilkes Barre, Pa.
CLEARFIELD (PA.) TRUST COMPANY
UNITED STATES TRUST CO., Portland, Maine
THE SUBSCRIPTION LIST WILL BE OPEN AT 10 A. M. ON
MONDAY. FEBRUARY 25, 1907
AND CLOSED AT OR BEFORE 3 P. M. THE SAME DAY.
THE BONDS AND STOCK WILL BE DELIVERED BY THE
UPON PA YMENT IN FULL THEREFOR.
UNDERSIGNED IMMEDIATELY
NEGOTIABLE- RECEIPTS BEARING > PER ( ENT INTER-
EST&UPON FACE OF BONDS SUBSCRIBED WILL BE ISSUED FOR PARTIAL PAYMENTS.
E.
I NAS8AU
H. GAY &
COMPANY,
NEW YORK
STREET,
IUMWUIUU
XVI
THE CHRONICLE
'V'OL LAX'S IV
■Jfimutcial
THE
LIBERTY NATIONAL BANK
OF NEW YORK
BROADWAY.
139
CAPITAL, SURPLUS AND UNDIVIDED
PROFITS, $3,200,000
OFFICERS
FREDERICK B. SCHENCK,
CHARLES H. STOUT,
PRESIDENT.
DANIEL G. REID,
\
VICE-PRESI DENT.
CHARLES W. RIECKS,
ICE-PRES1 DIZNT.
2d
JAMES V. LOTT,
VICE-PRESIDENT.
FREDERICK P. McGLYNN,
CASHIER.
ASST.
CASHIER.
DIRECTORS
GEO. F. BAKER
E. E. C. YOUNG
1
President Eirst National Dank, New York
.President First National Bank,
.
ARTHUR P. LUKE
HENRY C. TINKER
...
-
Darr, Luke &
_
E. C.
Jersey City
Moore, New York
.
New
J. ROGERS MAXWELI
CONVERSE
.
York
...President Atlas Portland Cement Co
D. G. REID
Chairman Board Directors Rock Island
System
T. A. GILLESPIE
President The T. A. Gillespie Co., New
York
FRANCIS L. MINE.... Vice-President First National
Bank, New York
.
York
N. V.
Trcas. Mutual Life 111s. Co., New York
FREDERICK G. BOURNE
New York
AMBROSE MONELL
B.
..Vice-President
...
.Manning, Maxwell «Sc Moore, New
Vice-President First National Bank,
CHARLES H. WARREN
FREDERICK
..President Bankers’ Trust Co.
....
CHARLES H. STOUT
CHARLES A. MOORE
HENRY P. DAVISON
President International Nickel Co., N. Y.
SCHENCK
President
pi
THE
11
Ul rltflSi.
COLORADO
&
SOUTHERN RAILWAY
COMPANY.
Broadway, New York-, Fob. 14th, 11)07.
A dividend of two
per cent (2 ?6) on the first
preferred stock of this Company and a dividend
of two per cent (2%) on the
second preferred stock
of this Company have been
declared by the Board
of Directors,
payable April 1st, 11)07, out of sur¬
plus earnings of tlie Company, to holders of record
of said stocks at 12:00
o’clock, noon, March 10th,
11)07.
7.1
Special 10-Page Circular Describing
Short Term Notes
The transfer books of the first and
second pre¬
ferred stocks of this
Company will be closed at
12:00 o’clock, noon, March 10th
11)07,
at the
office of Messrs. Hallgarten »N:
Company, Transfer
Agents, No. 5 Nassau Street. New Y01 ic
City, and
will be reopened at 10:00
o’clock a. m. on April
2nd, 11)07.
The above dividends will be
paid by cheek
mailed to the latest addresses
furnished by tiie
stockholders to the Transfer Agents on or
before
the closing of tlie books
JAS. STB CART MAC KI IS.
Treasurer.
(7th Edition)
Practically all of the
York market
described in this
are
glad to furnish copies,
of prices at which we
tive
Short Term Notes
now
upon the New
circular.
We
shall
be
application, together with a list
offering some of the more attrac¬
upon
are
issues, subject to sale.
THE
TOPEKA & SANTA FE
RAILWAY COMPANY.
Coupons Xo. «S, due March 1, 11)07, from The
Atchison Topeka & Santa IV Hallway
Companv,
EASTERN’
OKLAHOMA DIVISION FIRST
MORTGAGE FOUR PER CENT
BONDS,
will
be paid on and after March
i. li)o7, upon presen¬
tation at the office of the
Company, No. ."> Nassau
Street, New York City.
IT. W. GARDENER, Assistant
Treasurer.
New York, February
12, 11)07.
Spencer Trask & Co*
Branch
Office, Albany, N.Y.
ATCHISON
William & Pine Sts., N.Y.
THE
BARNEY
&
Office of
SMITH
CAR
Dayton, Ohio, February
COMPANY.
12, 1007.
A dividend of two
per cent iias been declared
on the Preferred stock
of this Company,
payable
March’ 1
11)07.
Transfer books of the Preferred
stock
will close
February 18th
and
reopen
March 2d.
Also a dividend of one
per cent has been de¬
clared on the Common stock
of this Company,
payable March 1 f>th, 1907.
Transfer books of
the Common stock will close
March 4th and re¬
open March 10th.
,
Chicago & North Western Rights
BOUGHT AND SOLD
j home* lob.no
c.
siD^YSHEPABD, s special.
Cheeks
SCHMIDT & GALLATIN
Members N. Y. Slock
Tel. No. 3260 Reotor
C. S. VAN
111
change
H It O A D VV A Y
NOSTRAND,
on
S.D.LORING & SON,
Secretary & Treasurer.
REPUBLIC OF CUBA
BANKERS,
04 Devonshire
5%
Gold Bonds of 1904.
Coupons due
Street,
.
.
Boston.
March 1 ,11)07, of the above bonds
will be paid on presentation
at our office on and
after that date.
SPEYER
3G WALL, MTKEY/r.
Investment Securities
New York will be mailed.
J. IV KJEFABER.
24-26 Pine
INVESTMENT BONDS.
New York
For
r
February
other
CO.,
St.,
27, 1907
dividends
see
page
xiii.
The
ntmm'trU'i' f
INCLUDING
Bank and
^
State and City Section (semi-AnnuaUy,
Quotation Section (Monthly)
Street Railway Section (^laST"’ C
Railway and Industrial Section (Quarterly)
Entered ao- ordinsrto A. t of Gomrresa. in the vear IDOL by
A weekly newspaper entered at Post Office, New York, as
William B. Dana Company In the office of Librarian of Congress,Washington, D
second-class matter—Wuxlam B. Dana Company, Publishers, 704 Pino St., N. Y
NO. 2174.
SATURDAY, FEBRUARY 23 1907.
VOL. 84.
IFccA:
JIte Chronic!*.
$10 00
For One A’car
K«»r Six .Months
0 00
20 oo
European Subscription (including postage)
European Su bseript ion mx in on 11 is (including
.
Terms of
Transient matter per
I
STREET Railway (0 times yearly)
/
Standing Business Cards
(IB times)
|
irand
NEW YORK.
l
CLEARING HOUSE RETURNS.
The following table, made up by telegraph, &<•.. indicates!
that the total bank clearings of all tin* clearing houses <>fj
the United States for the week ending to-day have been I
§2,520,490,575. against $2',S64.900,058 last week and
$2,822,321* 498 the corresponding week last year.
j
Per
Cent.
1906.
81,223.335.972
SI .528,770.934
11 1,197.009
87,343,433
18.292.947
!
New York
1 17.889.330
Boston
Philadelphia
78.007,872
20.485,830
105.272.528
4 1-019.592
14.434.073
....
Baltimore
Chicago
St. Louis
,
.
New Orleans
.
.
.
.
_
1.007.0521
799.5431
j
773,010}
..
„.
..
+
7
cr.
_
..
.
Decatur
Jacksonville.
HI.
Tot. Mid.West.
San Francisco.
Los Angeles..
Seattle
Salt Lake City.
Portland
Tacoma
.
.
.
+' «•+, ri
13.159.252
Helena
Largo
Sioux Falls
Oa kland
San.lose
Total Pacific.
15.1
Seven cities, 5 days
()ther cities. 5 days
81 .004.105.803
321,278.274
SI .900.302.352
301.211 .614
+ 5-6
Total all cities,.»
SI.985.384.077
$2,201,573,906
557,747.532
—12.3
All cities. 1
days
535.100.-498
day
$2,520,490,575
Total all cities for week.
$2,822,321,495
-
—4.1
—
10.7
Kansas
City
St.
Joseph
Des Moines..
Sioux City....
Wichita
_
covered by the above will be
We cannot furnish them to-day,
clearings being made up by the clearing houses at noon on
Saturday, and hence in the above the last day of the week
has to be in all cases estimated, as we go to press Friday night.
We present below our usual detailed figures for the previous
week, covering the returns for the period ending with Satur¬
day noon, February 16, and the results for the corresponding
week in 1900, 1905 and 1904 are also given.
Contrasted with
the week of 1906 the total for the whole country shows a
loss of 3.9%.
Outside of New York the increase over
1906 is 6.1%.
given
Saturday.
next
Week Hiding
Clearings at—
New
Pittsburgh
Baltimore
Buffalo.
.
.
.
,
.
.
.
_
Washington
_
Albany
Rochester
Scranton
.
.
Syracuse
.
Wilmington.
Reading
Wilkes-Barre
Wheeling
Erie
.
......
Greensburg
Chester
Binghamton
Franklin
.
.
.
Total Middle
1900.
8
J5
1.750.303.472 1,930.830.210
134,722.791
123.350,927
50,947.371
49.1 01,5U8
27.223.334
28.152,915
0.852.711
7.009.422
5,01 1.174
5,907.390
4.303.007
0.170.775
4,294.922
3.241.300
1.970.702
1 .918 337
1 .594.494
1 .733.032
1.338,921
1 .201 .733
1,120.594
1 ,258.179
888.207
821.842
1.028,001
1 .072.790
1,0x9,532!
019.208
510.751
403.010
443.094
48,8.71 1
442.000
070.400
251.771
225.000
York
Philadelphia
1907.
_
1.985.180.732 2.175.423 747
February 16.
Inr. or
Dec.
V
—
9.3
8.4
2.3
5.8
+ 11.7!
+ 8.1
+ 4.3
—43.1
.
1904.
8
+ 3.5
FI 1.0
+ 5.3
+ 41 4
—24.5
2.7
+ 8.7
-
1905.
+ 10.31
+ 10.3
+ 52.8
—10.0
1 .510,231.208
112,113.505
43,437,181
21.427.131
5.075,928
4 .227,183
3.354.620
3.044.535
1 .335.043
l .782.159
1,092,723
804.311
827.002
005.033
470,901
327,735
390.845
473.200
187.332
-8.7 1.717,879.937
,009.355.410
103.667.2S0
34.520.S03
22,230.562
5,001,900
3,008.785
8.150.904
2.458.402
1 .001.345
1,333,208
1,183.958
804,094
728.825
616.084
415.451
439,542
431.251
444.100
238.100
1.252.848.232
495,000
408.025
■177.482
448,321
438.023
425.095
300,772
Topeka
Davenport
Colorado Springs
Cedar Rapids
342.951
...
Pueblo
Fremont
Lincoln
_•
Tot. oth.West.
St. Louis
New Orleans
Louisville
Houston
Cal vest on
..
.
J
!
Richmond
Memphis.
....
Atlanta
Savannah
,
Nashville
...
..
9.482,087
5,220,945
4.170.437
3,871.512
3.490,031
073,377
3.52,224
289,303
...
in total
Canaria—
Montreal
Toronto
4.409,6.82
3,927.2 IS
Vancouver
Quebec
.
Victoria
Calgary
Edmonton
Total
Canada
S1 -678
30.994,800
8.223.00,8
4.474.602;
3,207.021
4.005.018
2.531.194,
2.550.000!
531.835
43.5,085!
229,047
244,271,332
28.719.436
6 009,465
3,521.351
2,770,215
3,202.100
2,0.88.274
2,229.050
540,504
.f71 380
202,701
18,981.754
0.830.015,
5.480.297
5.179.007
3.497.258'
1.840.147
1,325,831!
1.041,551
920.735
080.504
505.055
374.587
49,666,542
21.250.417
15.132,140
7,143,085
5.008,802
4.537,036
4.189,957
2,105,839
1.121,294
1.019,680
734,420
741.375
469,576
349.671
415.819
163,948
75,073.920
’Of339,873
64,627.900
57.0,82.301
21.734.042
10.113.0S9
55.547.992
17,240.206
13,842.358
6.289.208
4.215.000
4.602.011
4 156.379
3.280.407
2.87.8.450
2.818,231
2.480.073
54,504.151
22.043,505
11.042,770
0.390,933
9,04.8.500
5.790.500
6.589.429
5,494.345
4.779,772
1.878,624
1,673.442
l ,507,542
1,380.670
1.378.353
1.345.570
1.307.830
1,268.743
1,210,410
558,927
293.201
167,445.097
152.247,191
+ 25.5
+ 28.5
+ 30.9
+ 10.3
+ 11.5
+ 14.6
+ 0.9
+ 17 3
+ 6.8
+ 29.7
—6-2
1.570.0,80
1.127.147
1,125,840
1.104.048
1.084,985
21
807.90;
700.030
1,033.294
430.724
191.222
3,037.500
4.327,237
5,340.060
2.901.183
2,944 260
2.985,996
2.471,610
1.492,626
1,200,990
1.347.186
1,092,625
782,001
090,276
1.005,004
1.231,301
831,000
205.094
129,328.317
,364.250,534 l ,876.925,942
807,570,532
848 019 266
126,676.313
15,484.440
12.251.187
3.975.927
1.515,265
1.188.493
-29.8
8.7
+ 43.2
+ 16.8
+ 56.2
14.8
+ 10.8
+ 29.9
20.976,205
+18.8
+ 6.4
1,005,305
1,069.800
+ 18.6
795,138
942,704
III
total
1.201.261 Not included
812,837
780.130
565.522
750*893
—9.5
52,781.021
40,111,503
8,866,664
2,362.653
2,804,744
Winnipeg
Ottawa
411.762
108,883
403,977
209,914
180,079
100,000
07..403
441.552
334,556
134,006
2.357,437
2.150.000
1,972.454
1.605.308
1.570.480
1.542.088
1.380,443
1.488.005
1.292,279
725.000
275,000
22,645.246
21,325,668
.
Halifax
Hamilton.
St.John
London
.
287.099
320.029
57,243.471:
1.8.825,987
80,875,289
+ 6.1
..
023.540
012.291
558,87.8
|hi tot di
2.S64.900.05S 2.981.10S,625
.
1,570.239
1,505,546
900,857
1
Outside N. Y.. 1,114,596,586 1.050,272.415
Total all
3.341.530
398,133
017.400
400.503
248.903,090
+ 10.0
-3.9
Total Southern
4,042,100
2,505,582
509.310
481.200!
.533.798
42.8.100
292.707
320.5.50
2 1.8,220
171.563
190.753
+ 22.3
+ 24.0
—7-3;
+ 13.9
+ 49.7
(-4.0.
+ 37.7
+ 8.7
-1-34.9
+ 23.2,
4,402,949
4.000.000}
789,530
4.8
Norfolk
Birmingham
Augusta
Mobile
Knoxville
Jacksonville
Chattanooga
Little Rock
Charleston
Macon
Columbus. <;n
073..584,
_
04.428.578
20.001,922
14,961,438
14.026,213
7,218.500
6,021.755
5.004.034
5,300.192
1.025.000
765.000!
l .373,907
1.373.0941
044.444
8.138.859
6,347.904
2.3
-
88.933,150
851.493
1.074,712,
+ 11.8
+ 20.2
+ 40.0
+ 4.9
+ 42.5
-5.7
091.450
555,873
593,959
550,000
330.638
1.170 071)
1.231.734,
...
8,397,52.5
—.8.5
24.780.112
15.511,20s
S.701,833
0.252.208
0.127.005
4 714,970
2.419,359
J ,036,378
1.10,8,569
.889,024
839,846
776,957
505,620
514,380
235.725
Not included
2.844.042
2.320,902
.
The full details for the week
1.051,802
1.414,991
805,800
700,023
781.141
+ 7.8
-poo >
+ 2L3
+ 25.0
+ 5.2*
42.0323)70
1 1.279.707
0.900.5,87!
.5.580.234;
..
8.920,400!
3,400.302!
3,2.51.198 i
51.424.977
14.057.39S
K.7S7.259
5.950.920
17.878,712:
9.70.5,012
0 +70.595!
Minneapolis
Omaha
St. Paul
Denver.
19.075,900*
13.094.220
1.1
+ 12.0
90,868,577 j
31.301.248*
.
3-1
+ 14.2
+ 3.4
+ 12.7
+ 2 91
+ 14.5
+ 9.2
29 1,908,505
.029!
107.088,210.
21,885,900
11.810,39.5.
8.561,201
450,0181
+ 3.S
3.954,105!
3,143.8241 —10.9
350.000 Not included
.
—
1.009.320:
1,427.311
1,43.5,120:
007.901!
415.9391
.5,435.783,
4.043,700
732.105!
475.070*
350,357!
4.021.852'Not Included
i
4.7
-5.2
+ 22.5
—
104 (174
4.020.434!
4.800.962
136.183,019
2.872,041
1 .SSI..530
330.159.092
0.251
I.52.207.840:
171.071,422
+ 8.0,
+ 3.3
—3.7'
+ 19.9
+ 4.5!
+ 21.S
339,835
252.581
200,0.00
110.222
220,000
Jackson
Ann Arbor
423.045'
0.057 3)00:
—
2,149.033!
,
|
8
118,705.805
0,833,900
2,400,155
1,831,846
1.327.057
1 .248,639
1.163.343
1,268.043
407,102
457,027
420.0 42
•S
134.35.8.409,'
+ 3.5.2
-20.2
4 30.5
+ 50.0
—0.9
+ 10.0
+ 41.1
575.552
292.001
417.429
510.151
250.254
Mansfield
1904.
1905.
—5.8
5.213.700
-122.051!
I2S.073
Springfield, O..
17.79i!
0.933.740;
491.383
OS!), 1 oo!
i
_
Spokane
*o
155.134.918
40.403.799
10.5
722.SO.5t
...
•
12,41S,1021
007.957
.
Quincy
25.310,050
14.340.0S0
714.838
....
1
199,SO 1.218,
j
__
Rockford
Akron
Canton
Youngstown
Bloomington
South Bond
.
202.580,9071
1.717.0031
..
Lexington
Fort Wayne
1907.
..
Springfield, Ill
Corner of Peu.rl Street,
Post Office I’ox 95S.
Rapids
Dayton
<
Evansville
Kalamazoo.
COMPANY. Publishers
Clearings—Returns by Tib graph.
Week ending February 23.
...
408.33+
190.313.104'
lfi.172.3S9
12.774.S20
12.0s0.103
7.509.53 I
5.1 54.300:
4.102.4fi7i
2.799.5S1'
2.310,0031
2,022.191
.....
darHett, 513 Monadnock Block; Tel. Harrison 4012,
LONDON OFFICE—Edwaras & Smith. 1 Drapers’ Gardens, E. C.
1.093.724:
701,4171
i45,200
228.192,732;
20.1 S3,350 j
.
...
CHICAGO OFFICE—P
Pine Street,
.
22 00
Indianapolis
20 00 Columbus
50 00! Toledo
S7 00 Peoria
Six Mouths
(20 times)
Twelve Months (52 times)
II. DANA
Total New Eng.
Chicago
.
1.501.47S,
1.4S7.15SI
071.471!
510.930
500.1 I 1
.
Cincinnati
Cleveland
Detroit
Milwaukee
$1 20
(s times)
Two Months
) Three Months
'»
WILLiAM
;
|
$
ISO,049.7511
8.087,200
3,311.223.
2,301.991!
1,890.303 j
l.::32,077i
..
_
Advertising—Per Inch Space
inch spare (14 agate lines)
.
Portland
Worcester
Fall River
New Bedford
Lowell
Holyoke.
| STATIC AND City (scml-ajumally)
173.99S.Sfi7;
8,182,500!
3.597.70S
2,377,130.
1.782.101
1.799.501
1.554.399
.
...
Subscription includes folloicing 8u oplcments-—
B 'Nic and Quotation (monthly)
Railway and Industrial (quarterly)
.
Springfield..
£‘2 14s !
ALl 11s. I
including p stage»
Subscription iu London (including postage)
...
Providence
i Hartford
; Now Haven.
7 50
post age
Annual Subscription in London <
Six Months
Huston
Subscription—Payable in Advance
Inc. or
Dec.
1906.
1907.
PUBLISHED WEEKLY.
Terras of
ending February 1G.
Clearings at
[
1.313,501
1,670,000
1,515.088
1,181.955
32,253.290
23,346.097
6.190.160
2.021.813
1 .79.5.887
1.541.684
t .506.762
1,166,291
99.5,021
755.987 Not included
65.698.023
72,617,448
-
—
—
18,130.199
4,950,023
1.934.782
1.218.132
1.048,340
1,274.008
1.090.843
914.957
1.730,919
980,785
713.063
599.574
In total
414
THE CHRONICLE.
STREET HA! I AY AY SECTION
new number of our “Street
Railway’7 section,
revised to date, is sent to our subscribers
to-day.
The editorial discussions in the same embrace the
total for
“The Car-Mile Basis of Compari¬
son7, and “Advance Estimates for New
Street Rail¬
ways.”
1906
Of
course
are not
attempting to show what
influences have been
increasing our imports during
all these years.
The settlement of our
currency
standard upon the world’s basis of
gold,
thereby
the fear of
silver legislation, made the
cycle of prosperity we
have enjoyed possible.
It is a marvel, too, how
much happened somewhere about 1898 the
THE FINANCIAL SITUATION.
The Government the current week has
issued its
effect of
which is still felt in industrial affairs.
It was about
that time that our phenomenal
crops began to be felt.
March 4 1899 was the first
Congress when both Houses
were in favor of
sound-money legislation. The war
with Spain, so successful and so
short, had a share in
giving a decided impulse to business expansion. Just
foreign trade figures for January.
They are especially
notable because of the continued
large and increasing
amount of the import values.
Going back to the five
years of 1872-1876, the total imports
arid exports
were very
nearly alike. That is to say,'the annual
for those
the
we
relieving the country’s industries from
average of exports
LXXXIV.
reaching $1,321,064,694. and for
single month of January 1907, $126,576,965.
A
following topics:
|VoL.
five
years was only
$541,016,484 and the average of imports was $548.industrial liquidation had taken
767,751. Passing down to 1882-1886, we find the preceding that war an
place that made the subsequent rise in values
totals even then were not far
natural,
apart, the annual average not
only of securities but of commodities as well.
being of exports 8742,850,956 and of imports $663.586,768; still, those figures indicate growth in both
A prominent
Treasury official who recently con¬
branches, the increase in exports compared with
ferred with the Finance Committee of the
1872-1876 being 87% and the
Senate, at
imports 21%. After the
request of such Committee, regarding the adminis¬
that imports showed
only a very moderate increase
trative features of the Aldrich
until the latest cycle of
measure, to which we
expansion began in 1902.
made reference last week,
Since then the import totals
expressed the opinion when
have been steadily on the
he was in this city this week that at
rise, constantly getting nearer the thousand
least three of
million the
provisions
contained
in
the
measure would pass
limit, passing it in 1904 and averaging $1,100,185,926
the Senate.
for the whole year of
1906..
It will be of interest
These
to
tions in
the
deposit of customs collec¬
depositary banks, the extension of the limit
are
bring together in a brief statement these facts, com¬
of bank-note retirements and the
emission
paring periods with those immediately
preceding.
States notes of small denominations.
The
b'ivr Year Periods.
Exports.
1872-70—Total
$2,708,082,4
Annual average
1877-81—Total
...
Annual average
1882-80—Total
...
Annual average
1887-l> 1—Total
19
558,535.621
3,317,933.842
663.586,768
4,059,554,567
893,930,483
3,820,220,000
764,044,000
3,756,291,825
751,258,365
6.574,045,255
8,886,096,711
811 910,913
1892-96—Total
4,469,652,414
Annual average
1897-01—Total...
...
Annual average
1
-Total...
Annual average
_
.
Percentage of Growth
Exports. Imports.
$2,743,838,755
548.767,751
2 792,678,103
541,616,484
3.845,786,766
769,157,353
3,714,154,778
742.830,955
Annual average
1902-00
Imports.
.314,809,051
7.721 ,856,506
■
.
4-42 %
—0.8 %
4-9%
4-10'%
777.219,842
5,500,929,631
1 .100.185,926
1,544,371 ,301
+
17%
+
1.8%
+ 1 9%
+15%
—1.7 %
+ 3.5°;,
of United
claim
was
also made that the bill
having passed the House, a
Conference Committee would be
appointed, and that
no
opposition to the enactment of those provisions would
be made in the conference of the
two Houses.
The
Senate
has been
measure
members of the
the House, who
effort
to secure
there shall be
thoroughly discussed by the
Banking and Currency Committee of
said to be
co-operating with the
are
prompt action on the bilk, and
now unforeseen obstacle
some
vent. the
unless
to
pre¬
above-mentioned official is confident that the
Two or three other facts should be
added to the measure will
pass and shortly become operative.
foregoing to explain the variations in the growth of
The tardy offerings for
redemption of the 4% bonds
imports. The first of these was the Dingley tariff of 1907,
only $815,650 having, so far as reported,
bill which went into
operation as to most of its pro¬ been paid for at the
Treasury up to this week, is caus¬
visions in July 1897.
Among the consequences of ing much
disappointment and apprehewsion of the
that legislation in progress and its
prospective effect failure of this device for the relief of the
money market.
the imports in 1896 were above
normal, reaching for Among the reasons
assigned
for
these
that, year (1896) $801,669,847
unsatisfactory
against the previous results, the chief is that the rules of the
Department
year (1895) $676,812,941, which we
may call normal. require that the bonds shall be
forwarded
Of course a. first effect
by the
subsequent to the enactment holders to Washington, where
they must be compared
(that is, the earliest operation of the
higher duties in with the record of their issue, and, should
any error
force) would be a partial arrest of imports. Indeed, in
endorsement or otherwise appear,
they would have
it may be said in a
general way that it required the to be returned for
correction.
Inasmuch
as such record
next three years for the
higher tariff values to get is kept at W
+ 1 7 %
+ 41 %
,
adjusted
to the merchandise trade between the United
States and the outside world.
What is the
a
high tariff?
Its
object is
to
our
of
protected articles raised
to
producers: and hence,
or
shut
responding European production
crease.
when
v
over
our
rapidly as the
enough for the
to
find
a
pro¬
cor¬
profit in
imports would in¬
happened since 1899,
import values were only $684,964,448.
imports have increased year by year, the
That is just what has
ince 1899
the tariff wall,
our
their officials
are,
there
object of
duty only of paying for the
competition bonds through the draft of the Department.
increase the values
made here.«■ The sub¬
to
sequent action would be that as
tected articles rose in value here
creeping
out
ashington, redemptions'cannot be ef¬
fected at the Sub-Treasuries:
fore, charged with the
As has been the
in
previous weeks, there was
competition by American ba nkers with the Bank of
England for the gold which arrived at London on
Monday of the current week from South Africa, the
case
no
bulk of the metal
being bought bv the Bank.
Con¬
last year Xew York institutions
active competitors with the Bank for the
gold
sidering the fact that
were
which
was
then
arriving from the Cape, their forbear-
Feb. 23
THE
1907.]
time continues to excite comment . It is fur¬
ther suggested as an explanation that interests which
anee
at this
contesting for the gold arrivals hold off
now because of their desire to borrow as freely as possi¬
ble abroad; this effort would be somewhat deranged
last year were
were
there to be an advance
in London "discounts as
result of gold shipments to New York. Xew York
bankers are therefore said to be disposed to refrain
the
from
415
CHRONICLE.
importing gold, hoping thereby to contribute to
least easy, discounts in London that would
lower, or at
that a large proportion of the existing traffic is the re¬
sult of the enormous expenditures that have for a
number of years past been made by the
the country in adding to their facilities, the
railroads of
expendi¬
tures already made and those authorized and under
way, amounting to many hundreds of millions of dol¬
lars, and such
expenditures, in addition to giving em¬
ployment to many millions of people, have created
directly and indirectly a very large traffic which the
railroads have been moving.
If railroad companies
cannot obtain additional capital, it follows that as
soon as the capital already
provided has been ex¬
pended—the improvements, additions, Ac., now under
promote borrowing operations there and on the Con¬
way completed—the employment and traffic that has
tinent on corporation notes and American railroad resulted from
construction expenditures by the rail¬
securities. While other bankers may not be actuated road companies will cease.”
they, too, refrain
because the profit
of such importations is not absolutely certain , owing to
the possible interposition of obstacles thereto, and
partly for the reason that there is likely to be a greater
gain without risk in the free negotiation of corporation
by similar motives, it is said that
importing the metal, partly
from
We will not comment on Mr.
Smith’s remarks further
close students of affairs share
the views here expressed of what must be the outcome
of the present spirit of antagonism to railroad inter¬
ests if the existing policy in that regard is not quickly
than to say
that
many
Moreover, the changed.
correspondents of these bankers are-doubtless co-oper¬
President Finley of the Southern Railway Go. is
ating. as are all the London joint-stock and other
He was
banks, in efforts to maintain a low minimum rate at also doing his part to enlighten the public.
the Bank, and in the open market, which would lie the guest of honor at a banquet given by the people
of Chattanooga on Feb. 14.
In replying to the toast
more advantageous to them than would be a higher
of Mayor Frierson, he dwelt at length upon the im¬
rate accompanied bv artificial devices of the Bank to
control the market rate.
portance of establishing harmonious relations between
the public and the railways.
He pointed out that the
Railroad managers are doing much now-a-days to phenomenal prosperity of the country has taxed its
enlighten the public on the pressing problems of the transportation facilities to the utmost, and has brought
day in railroad affairs, and if heed be given to what railway managers face to face with problems of un¬
they say,the solution of these problems will be accom¬ precedented magnitude, to the solution of which they
plished with less friction and less danger of disaster are devoting all their energies. There are those who
than must follow from continuance of the course which believe, he said, that these problems can be solved
seems to find so much favor in legislative halls at this
by legislation, and some of the schemes put forward
time.
President Milton H. Smith of the Louisville suggest the idea that their authors credit railway man¬
A Nashville Railroad Co. recently sent a reply to a agers with superhuman powers and with ability to go
letter addressed by the Tennessee Railroad Commission on increasing wages, buying cars and locomotives,
bridging rivers, tunneling mountains, laying double
to the heads of the various lines in the State asking for
information as to the traffic conditions prevailing and tracks and building new lines, even though railway
the causes for delays in moving freight.
Mr. Smith earnings be cut down to the vanishing point. But
They
in his communication cites figures to show what the railway managers, he observes, are only human.
no
have
magic carpets on which freight and passengers
Louisville A Nashville has done in the way of enlarg¬
can be transported with the speed of thought; nor can
ing its facilities, and then indicates what further stops
and what further work will be necessary on the part they create railroads and equipment by simply rub¬
Time, money and hard work
of his system if the present volume of traffic is to con¬ bing an Aladdin’s lamp.
are
needed
to
put the railway systems of the l nited
tinue and to increase.
He estimates that to promptly
States
in
condition
to handle the even* increasing
move the existing tonnage and provide for increased
notes
of
and
traffic, the
American
securities.
Louisville A Nashville must
expend $100,-
five years in reducing grades
constructing second tracks, increasing
000,000 during the next
and curvatures,
equipment, providing additional terminal facilities,
including shops, Ac. Unfortunately, he adds, this
work cannot be entered upon for the reason that the
volume of traffic.
pointed out that the only product a railroad
transportation, and it is one of the few
products the price of which is not fixed by the law
of supply and demand.
If a manufacturer should find
He also
has for sale is
himself confronted
by
an
enormous
increase in his
the required capital except cost of production, and if at the same time there
should exist a demand for his products in excess of
upon terms that are deemed by the management pro¬
the utmost capacity of his plant. he would probably
hibitory. He then proceeds as follows;
“The action of the United States Government and put up his selling price to the highest point that would
the State legislatures, combined with personal-damage- not seriously check the demand, and no one would
claim lawyers and labor unions in conspiring to take
suggest that he had done anything wrong. But the
the control of the property of the railways from their
railroads in just such a situation are confronted with
owners—bind them hand and foot that they may be
If this policy be
the more readily plucked—has caused and will, I fear, legislation reducing their income.
continue to cause investors to refrain from loaning the !j carried too far, there can lie but one outcome—the
I actual deterioration of railway facilities when they
capital required to make the necessary additions.
“I venture the opinion that the existing facilities!i should be rapidly expanding and improving.
This
of the railroads will in a comparatively short time— j
! being the danger. Mr. Finley thinks that the most
twelve or eighteen months—be adequate to the trails- ;
valuable and the most patriotic service a man can in
company
cannot obtain
portation requirements.
This is based upon the fact ;
416
THE CHRONICLE.
the present
emergency render his country is to assist
in establishing a better and
more friendly understand¬
ing between the people and the railroads. The trans¬
portation problem, which in the interest of our con¬
tentment as a people and of our
civilization, must be
successfully Worked out. is the greatest business and
Governmental problem of modern
times, and it cannot
be solved in passion, or in a
spirit of vindictiveness,
or
in
any
misunderstanding of
the conditions that
surround it.
The
day before (Feb. Id) Mr. Finley had given
sound advice to the
representatives of the
of the final report of the
Special
Board of Directors of the
company
freight and
lxxxiv,
Committee
of the
appointed last May
the time of the investigation conducted
by the InterState Commerce Commission.
The function of the
committee was to investigate the
question of the owner¬
at
ship by officials and employees in coal-ami other enter¬
prises that make shipments over the lines of the Penn¬
sylvania system. The committee also inquired into
the matter of the
acceptance of gratuities
The examination
some
[Yol.
was
conducted
prehensive basis, the committee
not
the strict line of
by employees.
broad and
on a
com¬
limiting itself
to
inquiry
departments of the Southern Railway by the resolution under apparently marked out for it
which it was appointed.
In
Company who had been brought together in Atlanta the vernacular of
the day the committee
at Mr.
investigated
Finley's request. He pointed out to these rep¬ the whole
of
subject
“graft”
with
reference
to Penn¬
resent a Fives that
passenger
their duties
of
were
a
two-fold nature.
sylvania Railroad affairs.
They owe duties to the railway companies by which
seeing the reputation
they are employed and they owe duties to the
ment
Every
one
interested
in
of American railroad manage¬
sustained will rejoice that this
investigation was
undertaken, that it was made exhaustive,and that it
has revealed only
public.
do not in any way
allegiance, “for he serves
comparatively trifling irregularities
the railway best who serves the
public best.” Mr. —such as it is almost
impossible to avoid with the
Finley in particular counsels obedience to the law. strictest
vigilance in the case of an enterprise of the
saying: “Many of the relations between the
railways magnitude of the Pennsylvania Railroad system.
and the public are now
regulated by Federal'and State The disclosures at the
time of the investigation
by the
statutes, and every official and
employee of the Inter-State,Commerce Commission had given the im¬
Southern Railway
Company must understand that its pression that the irregularities were on
a
These double duties, he
contends,
result in conflict or divided
business alfairs
strict
are
accordance
transactions
to
be conducted
with
the
laws
of
at
all times in
the
land.
No
tensive' scale, and that
very
ex¬
deep-rooted evils
existed which
reflected discredit upon American railroad
manage¬
ment in general and on the
Pennsylvania
practice' that is forbidden by the laws
can be
management
permitted and ihere must be no resort to evasion in
particular.
This
impression
is
of any kind.”
wholly removed
after reading the careful and
extended report of the
Special Committee referred to.
or
The first announcement this week
that the
vania Railroad had
disposed of
,
an
Pennsyl¬
issue of $604)00,000
Take, for instance, the matter of
discrimination^!! the
distribution of cars as between different
shippers. It
3-year 5ry notes created rather -an unfavorable im¬ was
charged, or at least broadly intimated, that the
pression, it being feared it meant a further addition
ownership which a few of the employees and officials
to the other
contemplated new capital issues previously were found to have in
coal companies had led
announced.
directly
Rut later information
put an entirely to such discrimination.
To determine once and for
different aspect upon tin? matter. As now
explained, all what basis there was for allegations of this kind,
this step serves to
clarify the entire situation as to the committee
employed a disinterested outside party,
the company’s financial needs in the near
future.
The namely the Audit
Company of New York, to examine
proceeds of these notes it is intended shall
the records of car distribution
complete
during the whole of the
the company’s
financing for the current calendar year, period from Jan. 1 1900
to June 30 1900.
The Audit
and .850.000,000 of the whole
up
the Pennsylvania
mature next
notes
November.
now
amount
will go to take
outstanding and which
<
Company began its inquiry
on the 18th of last June
Dec. 27 made to the committee its
final report,
having examined about 10.000 daily car-distribution
sheets, and made therefrom about
and
on
’onsequently. the net addi¬
tion. allowing for these
outstanding obligations to be
40,000,000 postings
retired, will be only about 810,000.000.
At the coming and examined and
reported upon 7.500 special orders
annual meeting
tlie shareholders will be asked to for
distribution. In this work the Audit
sanction the proposed increase in
Company
stock and bonds as
employed 35 accountants, SO clerks and 12 stenog¬
originally contemplated but none of t he stock or bonds
raphers. The Audit Company’s final
are to Ik1 issued
report on the
during FM)7. The statement with matter covers 2,07S
pages..
What
the
reader
is inter¬
regard to the matter as given out at the
ested in knowing of course is the
company’s
office in
company’s findings
Philadelphia is as follows: “This sum, with or conclusions.
They
report
that
few if anv of the
the proceeds of sales of stocks of
other companies matters
alleged before the Commission to the prejudice
heretofore made, will meet all the
financial require¬ of the officers of the
railroad company are borne out
ments of the
company this year for construction by tlie results of
their examination.
expenditures and otherwise, including the New York
Many of the cases of seeming preferences and dis¬
terminals, and also the 850,000,000
Pennsylvania criminations,
state—both those attended by
Company notes maturing Nov. 1 next, so that it will -special orders, they
and those not so attended — have been
not be
necessary to use this year any of the stock of examined into
by them with the result of finding that
t he
company or any of its bonds which the stockholders the
officers of the railroad
company have fair operating
have as a wise precaution been asked
to authorize'
or other
reasons to present ’in
at the annual
explanation of such
meeting to be held March 12 next.”
seeming preferences and discriminations.
They ex¬
.
Another
development
Pennsylvania
affairs this week deserves notice*.
the opinion, therefore, and report as their best
judgment, that in general the distribution of cars was
press
in
Railroad
It is the appearance
controlled
and
administered bv
the
officers of
the
Feb. 23 1907. j
THE CHRONICLE.
41?
railroad company in good faith and without showing selves of any interests that they might have in any
continued preferences and discriminations as towards other business where the holding of such interests
the owners' of the coal mines.
The Committee itself might in any way conflict with their duty to the com¬
reports, as the result of its own investigations, that
the great majority of the special orders were issued to
protect consumers and not to favor mine owners or
operators, and'the other special orders were issued to
meet difficulties in moving cars.
pany or the company’s duty to the public.
able length of time having been given for
A reason¬
compliance
with this order, it is own recommended that any offi¬
cer or employee who has disobeyed it be dismissed from
the service.
The Committee
investigated the real estate pur¬
the purchases of materials and supplies, the
There
change in official rates of discount by
contracts for new construction and all the various any of the European banks this week: compared with
operations of this kind, and the most notable result last week,unofficial or open market rates were* 1 s of
of their work is the complete absence of anything even 1 %, lower at London, steady at Paris and 1$ of 1%
remotely suggestive of graft or deviation from the higher at Berlin and Frankfort.
The feature of the statement of the New York
strict line of honesty. The company’s operations
have been of enormous magnitude, the increase in Associated Banks last week was the increase of $1 .085.175 in surplus reserve, to $4,431,050.
share capital during the years from 1899 to 1905,
This was the
of
a
result
reduction
of
$2,004,075
in
reserve
inclusive, having been $234,255,145 and the increase
require¬
ments
less
a
loss
of
$918,900
in
were
cash.
Loans
in debt $167,837,362. making together $402,092,507.
This is entirely independent of the yearly income and contracted by $7,295,400 and deposits decreased
expenditures in the ordinary way. Purchases of real $8,016,300. Apparently the statement did not reflect
the withdrawals from local banks, for the account of
estate have aggregated $62,703,367: new construction
has been made at a cost of $268,773,763 and renewals themselves and for their correspondents, of the $6.000,000 public deposits which wen* surrendered on
at a cost of $160,720,289, all of the; latter having been
charged to operating expenses. The Committee Friday. There was an importation from Paris of
looked thoroughly into the system under which con¬ $100,000 and from London of $267,658 gold
on
tracts. many thousands in number, were made for
Wednesday.
maintenance of way and for new construction, and
The indications early in the week, in the Sub-Treasury
give it as their conclusion that as effective a competi¬
tion was secured as is possible in work of such mag¬ operations through the Hearing House, of important
losses to the banks and the meagre offerings of 4%
nitude.
With reference* to the ownership by officials or em¬ bonds of 1907 for redemption, seemed to foreshadow
ployees of interests in coal concerns which make ship¬ an unfavorable bank statement tins week. Later,
ments over the Pennsylvania lines, it is pointed out
borrowing until Monday, due to the closing of the
that the stenographic report of the testimony taken
Exchange on Friday oil account of tlu* holiday,
chases.
before tin*
Inter-State Commerce Commission shows
was no
contributed
to
the
maintenance
firm
of
rates
for
only 51 of the 198,930 officers and employees of day-to-day funds. Money on call, representing bank¬
the companies constituting the Pennsylvania Railroad ers’ balances, loaned on tlie Stock Exchange during
system were examined as witnesses and that of this the week at 534% and at 2% averaging about 5%:
number 21 officers and employees were shown to have banks and trust companies loaned at 4% as the mini¬
acquired by investment, and in a few cases by gift, mum. On Monday loans were at 53-0% and at 4%.
On Tuesday
any interest in coal companies or properties.
The with the bulk of the business at 5r'
Committee itself interrogated 2.505 officers and em¬ transactions were at 53 4% and at 5%, with the ma¬
ployees, there being included in that number every jority at 5%. On Wednesday loans were at 5!4%
officer of the‘several companies whose individual ac¬ and at 314%, with the hulk of the business at 4J4%,.
On Thursday transactions wen* at 5%% and at 2%
tion or whose order to any subordinate could effect
with the majority at 5% ; the lower rate was recorded
any undue or unreasonable discrimination for or against
in the last hour of business.
Time loans were in good
any customer of the railroads or could prejudice the
interests of the. company in any way.
Of the 2.505 demand and the offerings were small, influenced by
officers and employees, 266 were found to have interests expectations.of the maintenance of firm rates as the
in coal or oilier corporations or firms or with individu¬ result of corporations borrowing independently of
The majority of these interests, it is stated, is that through notes and other forms of contracts.
als.
Rates for loans on good mixed Stock Exchange col¬
in corporations whose shares are dealt in on the open
market.
Of these 266 officers and employees 251 had lateral were 534% for sixty days, 5%@514%, for
acquired their interests by purchase. The few remain¬ ninety days and 5.3g/c for four to six months; the
ing officers and employees received gifts of shares or inquiry was chiefly for the longer periods of maturity.
interests in various corporations.
The Committee has It may be noted that a twelve months’ loan by a trust
reported to tlu* Presidents of the several railroad com¬ company in a neighboring city was placed this week
panies for appropriate action the names of these at 53%% 011 bonds and dividend-paying railroad
officers and employees.
stocks, while New York money for the same period
It will be recalled that last July a general notice was was held at 5%%. .It is also reported that a local
issued on the recommendation contained in the pre¬ trust company loaned a round amount at 5®4%? for
liminary report of the Special Committee requiring six months on all industrial security, Commercial
all the officers and employees to divest themselves of paper is in good request, especially by institutions in
any interests, direct or indirect, that they might have the interior, and some Denver and Kansas City buying
The market for paper
in any concerns owning or operating mines located on has been observed this week.
that
.
.
the
Pennsvlvania
svstem.
and also to divest them-
does
not
seem
to
be affected by the increasing volume
118
THE CHRONICLE.
| VOL. LXXX1V.
of
corporation notes, and conservative buyers are said at 4 8525(5 4 8530. On Tuesday the market was
prefer the former to the latter. Rates are
sluggish and it closed without change for long and
()% for sixty to ninety-day endorsed bills receivable, short and 5 points higher for cables, at 4 8530(5 4 8535.
to
for
prime and 6}4% for good four to six On Wednesday the tone was steady with long 20 points
single names.
higher at 4 8035@4 8055, and cables 10 points lower
at 4 8520@4 8530; short was
unchanged. The tone
The Bank of England rate of discount remains un¬ was
barely steady on Thursday, and 15 points lower
changed at 5%. The cable reports discounts of sixty for long and 5 points for short.
to ninety-day bank bills in London
The following shows daily posted rates for
4%%. The open
sterling
rate
at
market
Paris is 2%% and at Berlin and Frank¬ exchange
by some of the leading drawers:
fort it is 4% @4%%. According to our
special cable from
M on.,
Fri.,
Wed..
Tucs..
Thurs., Fri.,
Feb. 15. Feb. 18. Feb. 19. Feb. 20. Feb. 21. Feb.
London, the Bank of England gained £1,293,687 bullion
22
Brown
60 days 4 81
SI.4
SI 4
814
814
during the week and held £36,676,238 at the close of
Brothers & Co
Sight.. 4 85
854
854
854
854
Baring
60
4
days
81H
the week. Our correspondent further advises us that
81.4
814
814
814
& Co
Sight.. 4 85H
854
854
854
854
British
60 days 4 82
82
82
82
82
H
the gain was due to fairly large imports and liberal Bank
North America
86
Sight.. 4 86
X6
86
86
O
Bank of
60 days 4 82
82
82
82
82
L
purchases in the open market and receipts from the
Montreal.
4
86
86
86
Sight..
86
86
I
Canadian Bank
,
months’
■
'
-
interior of Great Britain.
ment into
and out of
The details of the
^he Bank
days 4 82
Sight.. 4 86
60 days 4 8iy2
1 Sight,. 4 85 Vi
60 days 4 81H
/Sight.. 4 85H
j 00 days 4 82
/Sight.. 4 86
60
move¬
of Commerce
Heideibach, Ickelheimer & Co
Lazard
Freres
Merchants’ Bank
of Canada.
82
86
82
86
814
854
814
854
814
85 4
814
854
82
82
86.
86
81 4
D
A
V
814
854
854
follows: Im¬
814
814
85 4
854
ports, £864,000 (of which £205,000 from Australia,
82
82
82
N2
S(i
S6
86
£5,000 from Germany and £150,000 from Egypt
and £504,000 bought in open
market); exports,
The market closed on Thursday at 4 S030@4 8040
£100,000 (wholly to South America), and receipts of for
long, 4 8450(5:4 8460 for short and 4 8520@4 8530
were as
£530,000 net from the interior of Great Britain.
for cables.
Commercial
,80
on
banks 4 80(5 4 8010. and
documents for payment 4 79jbs(54 SOT... Cotton for
foreign exchange market was easy though com¬ payment 4 79;4g(5 4 79jg>, cotton for
acceptance 4 SO
paratively inactive this week. The ease was due to (5 4 8010 and grain for
payment 4 8014(5 4 80g-$.
the offerings of bills against purchases of securities
for the account of Europeans, to
expectations of in¬
The following gives the week’s movement of
money
creased supplies of drafts against the
negotiation to and from the interior by the Xew York banks.
abroad of corporation notes, and to some
speculative
j Receivtd by ' Sbipiud by
\<l Inhrior
selling, though the latter was moderate and apparently
Week ending Fibruary 21 1907.
Movement.
jA-. V. Hanks.‘.V. V. Hanks.*
conducted
as
avoid
Currency.
carefully
so
to
the creation of a
j .85,05l.ooo. $1,050.00,, > .4,9 81,404,ouo
<;old
J
1.947.000'
7.">0.0O("(
207.000
short interest. The inactivity was
largely the result
Total gold and legal tenders
?(>.701.000
Sl.soo.oo* Cnm Sl .90i.ooo
The
l
*
.
.
of slow mail service after the middle of the week
the intervention of the
accumulation
of
1
.
un
an
holiday on Friday. The
credits in Europe resulting from
With
Sub-Treasury operations the result is
fol¬
as
lows.
sales of corporation notes and from investments in
Into
,
Our
of
\'it < hinge in
Week aiding Ft bruary 2\ 1907.
I.a.i's.
Hants.
/
i Holdings.
exchange probably affords opportunity to settle
Banks’ inter.or moyem’t
ahov
's
so.701.900
':i,u
si,901.000
current maturing obligations
through cables instead Sub-Treasury operations
21.900.000
2r* .300.000 Lo<—
3, 100,000
of in the ordinary way of remittance, and hence the
Total gold and legal tenders
S-S.OOl .000
soo.ioo o.oo i.-ivs
SI. 199.000
inquiry for sight for this purpose seems to be minimized.
The following table indicates the amount of bullion
With this class of exchange ruling at a discount of
in the principal European banks.
about 20 cents per £1.000 on the par there is a
good
February 21 1907.
profit in purchases of these bills for investment,.and Bank
Fduaan/ 22 1409.
of
Gold.
Sill
doubtless many bankers are taking advantage of this
Total.
Gold.
.spv-r
Total.
t’
t
f
C
fact thus to employ their balances; this will account Fngland
30.070 .238
30 ,070 ,2.58 30 .012.97!
30 ,012.071
Franco
.548
195,811
pip
145
.572
.!
21'
111
,407.945
12
.541 150 .793,509
for the recent buying of short as well as of
33.390 ,750
1 1 .13" ,2.'.i
4 1 .5“ 1
long drafts Cermany
>40.754
3
,•'■?') .50 .921 .000
11
l 1.8,051 .009
7: 35 5)00
7 811 10., '.'4 ,990,000
.0
,5 18,000
for investment.
Xo engagements of gold*were effected Aii'j.Ihm. •10.139 .009 12 .131 .000 122
58 .501 .000 45 .713.009
!3 .447 4)00 58 .320.000
Spain
15, <08 ,0.1.
2 1 1 19 ,000 39 ,837 ,900
15 .003,04:
23 .38"
3 .313.000
in London this week by Xew York bankers,
Italy
32.559 ,000
,89,8 ,!Od' 37,,307 11)0
.2004 M1"
.754
10 32 .010.800
they re¬ NethTd5.5 13
.789 .00!)
I
10.’.
17 .9)4
.040,8.40
! 3 .753.000
3.180,.007
1 ,593 .333
4 ,780 .000
0 .SOiKOoT
fraining. as they have in previous weeks, from com¬ N.it.Belv.
I ,94:; .333
.710,000
eden
!.10'
i0!
4..198 ,940
.792,094
.702.000
peting with the Bank for the metal; consequently, the Total week 101,107..003 101 .000 .255 505 .173 >58 380 .8,55.133 .M0
."17 193 .901 .eo
1*
week 398.139 .091 103 .3: .250 501 .393 ,251
1 .85! .90,8 105
,74-1 187 51.,5.732
consignment of $2,500,000 gold from South Africa
which was offered in the market on
?4onday was—I
with the exception of $500,000 which was taken
by COMPROMISE RETWEEX CIIURCII AXI) STATE
the Indian Council- bought
IX ERA XCE.
by the Bank.
Nominal rates for sterling exchange are 4 81 1
On the whole, it will be the verdict of a
oO;4 82
majority
tor sixty day and 4
5}•>('/.4 86 for sight. On Satur¬ of intelligent and unbiased observers that the com¬
day of last week the market was active and lower and, I promise between Church and State in France, which
compared with the previous day, long fell 25 points appears to be approaching, is a happy solution of the
to 4 8025(r/ 4 8035, short 10
points to 4 S440(h 4 8450, whole dispute. Each side, so far as can be judged
and cables 1,> points to 4 8515(5 4 8525.
On Mondav by the details at hand this week, has gained some¬
there was a sharp decline, due to
offerings of com¬ thing. The French Government has asserted its pur¬
mercial lulls and also to the news of the
negotiation pose of .resuming control of such property as has
in Paris of the Xew Haven & Hartford
debentures, hitherto been ’granted by it, under the terminable
a,
a*
1 .so.i.ont
1 r.
1
34
v
,
•
us;, a
4
.
.
,
)!)('
38
—1
5
5
.
.
4
.
.
5
1
1
.
;
20
t
-
28
0
..
3
0 .1
•
48
.000
8
r.
..si
.
Sw
.
.'
i
3
>
3
100
rev.
1 ut later there
!
3.8
and the market closed articles of the Concordat, to the uses of the Church,
points higher for long at 4 8030(5 4 8035, 10 points and’ it has thereby settled the question as to the
.or short at 4 S450(ir/4 8455, and 10
points for cables abolition of an established or State Church. The
5
was a
recovery
Feb. 2d
419
THE CHRONICLE.
I2i»7.1
Church, on the other
The motive of the
first Napoleon, in coming to terms with the Church,
under the agreement recently revoked by the Govern¬
ment, arose from his knowledge that he would thereby,
in the nature of tilings, bind the clerical influence to
himself.
He did not misjudge the situation; the
hand, has gained some advan¬ advantage of the existing order.
of position through the Government’s concession
that Church property shall he leased to the existing
organizations who have occupied it, and that this
shall be done without the requirement that such
Church organization shall divest themselves of their
Church saw in him its one defense against the anarchy
particular form through entering upon the arrange¬
of revolution, under whose rule religion had been swept
ment provided by the simple law of associations.
But while it mav be said that each side has gained down along with all other established institutions.
The attitude of the clerical party toward the existing
something in the compromise, it must also be ad¬
mitted that both sides have lost something through French Republic has been very different, and the atti¬
maladroit handling of a delicate situation. The Pap¬ tude of the Government has changed accordingly;
acy—ill-advised, as it has seemed to all unbiased but it is reasonable to assume that the readjustment
observers—simply refused to treat with the Govern¬ of relations on the new basis will bring about in all
What the present contro¬
ment of France, being apparently determined either respects a better situation.
versy has unquestionably shown is, first, that public
to occupy the position of a martyr, with the ad¬
vantages which usually accrue to a religious-sect under opinion in France demands fair play for existing
such circumstances, or else to unseat the existing religious organizations, but that, when this is guaran¬
Cabinet through the re-action which must follow vio¬ teed, the people are Frenchmen first of all, their
lence in the assertion of its claims by that Government. loyalty to the Church being relegated to a second
In both these directions, Rome reckoned without its place as soon as a purely political question is before
host. The Clemeneeau Government was not so simple the country.
as to walk open-eyed into the trap.
It removed the
THE MOVEMENT FOE LOWER PASSENGER
stipend which the priests had received from the State
RATES.
and it took an inventory of the property which legally
All over the country legislative-or Governmental
reverted to the State: but it did no more.
It made
action looking to a reduction in passenger rates is
no attempt to prevent the exercise of worship, it did
under way.
in several of the States two-cents-a-mile
not close the churches, and it purposely left the
Acts
have
already become laws and im many others
matter open for adjustment by friendly compromise.
tage
Thus the Vatican lost the
advantage of position which
might have retained had it shown a willingness in
the first place to negotiate.
But, on the other hand, certain members of the
Cabinet, not excepting the Premier himself, were so
rash and ill-advised as to give public utterance to
contempt for religion itself1—a piece of folly which
adherents of the Church" promptly seized upon and
turned to their own advantage.
It was at once pro¬
claimed that the Clemeneeau Government was entering
on a crusade, not against the Roman Church primarily,
nor against an established church as an institution,
but against all religious worship.
It was freely alleged
when the unwise utterances of the Government were
it
bills
of
similar
character
This
roads is
more
under consideration,
both houses of the Legis¬
particular movement against the rail¬
general, apparently, than any that has
having passed either
lature.
are
been witnessed for
one or
over a score
of years.
Arguments
to be of absolutely no avail.
legislators appear to be bent on reducing rates
in deference to a supposed popular demand, and,
having determined to fake the step, nothing that is
urged or said in opposition has the slightest weight or
on
the
question
seem
Our
influence with them.
An excellent illustration of the
prevailing legislative
is furnished in the action of the Pennsylvania
Legislature on the bill making 2 cents a mile the maxi¬
mum rate chargeable by any railroad carrying pas¬
given out that they merely represented the belief and
temper of the French people as a whole. That this sengers within that State.. On Monday of last week
Read¬
was.so could hardly be inferred'from the sequel;
for President George F. Baer of the Philadelphia
a hasty retreat
by the more radical members of the ing Railway Co. addressed a letter or statement,
temper
admittedly untenable position fol¬ dated Feb. 7. to the two houses of the Commonwealth
His arguments were
lowed immediately, and in the present week the offi¬ on this proposed measure.
cial statement of the Government’s policy by M. Brand strong and convincing, and under ordinary circum¬
stances ihis-stutemer.t, 'fortified as it, was by facts and
was that “in declaring that the Church remains open,
figures, must have appealed to the sense of justice of
we meant
open for Catholic worship.”
Cabinet from tlreir
that the attitude of each party to the
will now be definitely marked out. The
We presume
controversy
Roman Church
concedes disestablishment:
the Gov¬
by
the Roman Catholic organizations which had occupied
them before.
In the end, we imagine that the.humane
and liberal policy pursued in our own State toward
the Church will be repeated by the Government of
France.
We should suppose that the outcome, there
ernment
concedes
use
of public places for worship
portion of the members of the Legislature.
But the document (I'd not serve to stay a single vote;
at least
days later, the Pennsylvania House of Rep¬
resentatives by an absolutely unanimous vote—177 to 0
—passed finally the 2-cent fare measure known as
for, three
here, would be the
eventual removal of the Roman
And the situation is much the
in other States.
No one outside the railroad
the Dunsmore bill.
,
as
a
same
be willing, at least no one of power
and influence, t<» do anything to check the movement
or to discuss proposed
measures regarding the rail¬
world
seems
to
organization, as a potent roads on their merits—to consider seriously whether
factor in politics.
The main justification of the revo¬ the contemplated action is wise', or fair, or honest, or
cation of the Concordat of a century ago was the just.
Yet, there are many circumstances that suggest
undeniable fact that clerical influences had-made
themselves felt in French politics, and not to the going slow in proceedings of that kind at a time when
Church,
or
of any church
4 20
THE CHRONICLE.
'
YOL. LXXXiy
the railroad situation is
already very much disturbed persons able to travel, even though they possessed
railroads, despite an undiminished superabundant wealth, is exceedingly small.
volume of tonnage, looks less promising
The question of a paying rate is
than at any
simply a question
time since the period of depression which culminated
of density of traffic.
In New York City the elevated
in 1896.
We can appreciate the desire of the public roads and the
subways carry passengers a dozen miles
to buy passenger tickets at lower rates, and the
willing¬ or more for a fare of five cents and make a profit.
ness and readiness of our
legislators to assist the trav¬ This is because the number of passengers seeking trans¬
eler in attaining that desire.
If one has a trip of 50 portation is of such enormous volume that trains run
miles to make, a charge of a dollar for this trip (2 cents almost
invariably full—are crowded to suffocation—
a
mile) instead of $1 25 (2j< cents a mile) or $1 50 every passenger being squeezed in, at least during the
and the future of the
(3 cents
a.
mile)
means
an
important saving.
But
rush
hours, for which space can be found. There is.
in this instance, a repetition of the conditions
under
which in recent years freight traffic has been
developed
lower rate leaves the carrier a clear profit.
As a mat¬ and made profitable—a high train-load. Such an
ter of fact, the railroads, taking them as a
whole, are inviting state of things, however, exists only at the
making no profit on their passenger business, even large centres of population and is confined, therefore,
where they are receiving an average of more than 2
necessarily to limited areas. Only a short distance
cents a mile.
There are a few railroads in the country
beyond the confines of even the largest cities the traffic
on which the
passenger business pays, but only a very thins out very quickly and for the railroads at
large
few.
And where it does pay it is by reason of special
passenger traffic is and must remain for a considerable
reasonable persons will admit that the reduction to a
2-cents-a-mile basis can only be justified provided the
circumstances
not
common
to
the
railroads
as
time
to
extremely light.
Pennsylvania Legislature, Presi¬
To the ordinary layman, not familiar with the.facts dent Baer shows
that with the Philadelphia A Reading
of the case, it no doubt will seem as if a charge of 2
Railway, which is more* favorably situated with regard
cents a mile ought to be sufficient in any event.
But to passenger service than most of the prominent sys¬
the passenger service is expensive and costly.
Tin1 tems—it having a large local and suburban traffic—
traveling public insists on accommodations of a high the passenger business does not pay. Mr. Baer had
order as regards speed, frequency of service, comfort a Careful examination made with the view
to deter¬
in traveling, Ac4., and it is also
necessary to provide mining whether the traffic is done at a profit, taking
a
whole.
in his letter to the
safeguards against accidents. This makes the
passenger train at all times much non* expensive than
the freight train.
At the same time, such economies
in operations as have been developed in the case of
the freight service arc out of the question in the case
of the passenger service.
Ivarnings of freight trains
have been added to in a very si ril ing way during the
last decide, in face of declining rates, by simply in¬
creasing the train-load,
lint such an expedient is not
available in passenger transportation,
it is not pos¬
sible to increase the number oi passengers in a train
except very slowly, hrst, because trains cannot be
held until the required number of passengers have ar¬
rived, and, secondly, because over long distances pas¬
senger traffic cannot be stimulated to any very great
extent.
Furthermore, as so<>n as a passenger train
begins to run pretty nearly lull, the public is sure to
extra
demand
additional
It is sometimes
from 3 cents
or
trains.
argued that if rates
from 2B» cents
to
revenue
resulting from
(’onsideration will
is
a
the
more
or
servo
it- is SI 00.
a
one.
a
reduced
mile, the
will offset the loss
reduction
to show that
less fallacious
charge, at 3 cents
the
are
2 cents
increase in the number of passengers
in
come
For
in
rates,
this argument
a
50-mile
mile, is $ 1 50; and
The difference of 50 cents is
an
trip,
the latest year as a basis, and he found that while
the total income of his road from
passengers for the
twelve months
ending June 30 1906
the expenses connected
including interest
on
the
wa*
86,927.531.
with the passenger service,
cost of passenger
equipment.,
less than 87.461.S7S, involving,
therefore, a
clear loss of 8534,347.
What Mr. Baer found to be
true with reference to his own road is true of the rail¬
was
no
roads of the United States as
careful study of the statistics
a
whole.
bearing
We suggest
on
that point
contained in the annual statistical
report of tlie InterState Commerce (’ommission.
For the year ending
June 30 1905 (the latest year for which the statistics
ol the
Commission
passenger per
was
mile
are
on
available) the
the railroads in the United States
1,96 cents—that is.
cents
a
mile.
^ et,
average rate per
even
was
on
only
a
little less than 2
that basis, the passenger
trains earned less than one-half what the
freight trains
earned per mile run.
In other words, the railroads
earned not quite 81 16 per train mile on the
passenger
business but earned almost 82 50 per mile run on
their freight business.
There are no data to show
tiie cost per passenger train
many
items of the
definite
expenses
at 2 cents
a
important
and the freight, service.
or a
mile, and in the ease of
it is impossible to make
reliable division beteweii the passenger
Including both freight and
trains, the cost was 81 32 per mile run. The
cost per passenger train mile must have been at least
about spending a dollar and a half.
But how many as large as the cost per mile run for all trains, and
persons are there who are willing and able to spend probably was a good deal more.
Hence the fact
even a dollar.
When the question is put in that form staring 'our legislators in the face is
that while the
it at once becomes apparent that no very great in- passenger trains are
earning less than 81 16 per mile
crease can be counted on in the number of
passengers run, the cost is 81 32 per mile, showing a loss of 16
from a lowering of rates.
And the argument gains cents for every mile run by the trains.
still further in cogency when we bear in mind that
What is still more striking and significant
is that
the greater part of the railroad mileage of the country this characteristic with
regard to the United. States
is located in sparsely settled distircts where population railroad
system as a whole extends to each one
itself is limited and where, therefore, the number of of the geographical
groups.
In Group I. comdifference, and
doubtless there- are many persons
who will hesitate less about spending a dollar than
passenger
11)07.]
Feb. 25
THE CHRONICLE
121
prisinar the New England States, the passenger tune for adding further to the burdens of the railroad
rate averages only 1.70 cents per mile, and the traffic
industry. Operating expenses are increasing at a
there is very dense, averaging 299,527 passengers one rate that furnishes occasion for deep solicitude.
mile per mile of road; but even here there is a loss on Materials and supplies and everything else entering
mile run. the earnings per train mile being only
SI 33. while the expense per train mile is $1 30.
In
Group 11 the average is 1.72 cents per mile and the
densitv of Traffic is 255,718 passengers one mile per
mile of road: but the trains earned only SI 14 per mile
run. while the expense was SI 30 per mile, showing a
loss of 22 cents per mile run.
As we pass inland
from the North Atlantic seaboard, the average rate
realized increases but the traffic at the same time
throws very thin, so the trains net a loss even at the
higher rates.
Imagine Eastern rates forced upon these Western
roads with their light traffic. Take Group IX for
example. This group comprises Texas, Louisiana and
a portion <>f
New Mexico. There the average rate
realized is 2.2S cents per mile.
But as the number
of passengers one mile per mile of road was only about
one-sixth that of the New England group, that is,
was only 51.904. the trains earned no more than 81 11
per mile run.
On the other hand, the expenses were
$1 45 per mile, involving a loss of 34 cents on every
mile run by the trains.
The reader can judge for
himself what the effect would be with such a light
traffic and rates cut down, say, half a cent, per passen¬
ger per mile.
Ln the following table we show the sit¬
uation as regards train earnings and train expenses and
traffic density and passenger rates per mile for each
geographical group. The figures are all drawn from the
last reporr of the Inter-State Commerce Commission
everv
I'nitt t!
Railrnuis.
Croup
Group
Group
Group
Group
Group
Group
Group
Group
Group
I
II
.
...
.
...
III
IlII.
V
.
_
.
.
.
..
VI
VII
VIII
IX.
.
.
.
...
.
.
X
Whole country
Eaminos
.
(rain mile
“
—
all trains.
$1 .30477
1.30752
.
S i .a a 2 4 r»
1.1401)0
1.09740
1 .38808
Pass. 1 m.
per mile
of road.
299,527
255,71 8
124,280
1.03090
1.05303
1.10308
1.42450
1 .08182
1.1 1144
1.0038!
1.18702
1 .1 0928
1.23480
1.400-20
1.25308
1 .45207
1.50079
00.491
51 ,904
1 1 1 .010
$1.15954
$1.32140
109,949
_
1 .902
.
Expenses per
per
passe riper
(rain rnlh
.
_
.
.
Hah per
passenaer
per mile.
.1.701’ cts.
”
1.7111
•'
1.1)57
...i’ a6a
••
_..2.2-98
“
••
1.1)87
.2.108
"
.2 *108
••
2.281)
•'
2.124
"
00.892
05.810
89,018
71,390
It is thus apparent
ditions the passenger
the
that even under prevailing con¬
business is unprofitable in all
various geographical groups.
If now the legis¬
latures of the different States where'a maximum
of 3 cents per
mile
214 cents per mile is still per¬
lowering the rate to 2 cents
mile, the burden imposed on the roads would be
or
missible should insist
a
on
still further increased.
In
the
case
Railway it has been suggested that
traffic, which
to
rate
he raised,
on
of the
rates
on
suburban
that road is very heavy, would have
make
,
would be
State
to
carried
on
conduct- business
at
a
loss.
by private enterprise has
available.,
livery
intelligent
man
can
be conducted
at
no
in
n
http://fraser.stlouisfed.org/ WWWW'W'I(PTVIHIT .ftfM'/ffff **'
Federal Reserve Bank of St. Louis
a
marked way.
But
business
such
resource
has risen
Simultaneously the
cost of
labor is
being heavily added to, both by direct ad¬
vances in wages
and by reductions in the number of
hours of service.
An inkling of what is going on in
this respect is furnished by our tabulations of the
gross
and net earnings of U. S. railroads for December on a
subsequent page, showing that with a gain of 811.001,791 in gross earnings for the mgnth the
improve¬
ment in net was
8887,282.
is
the
result
only
This
before many of the advances in
wages which have
recently been announced had gone into effect. At
the same time, interest charges are
piling up against
the roads through the flotation of short-term notes
and other additions to capital account
arising out of
the effort of the managers of the roads to
enlarge their
facilities to take care of the constantly
expanding
volume of business.
a
return of
vailed
Certainly it
the roads still further
to press
the condition of
cannot be good policy
to the wall and invite
bankruptcy which
pre¬
dozen years ago and proved so disastrous to
business interests at that time.
a
THE DELAWARE LACK A WA X NA A WESTERN
REPORT.
The Delaware Lackawanna <fc Western has such a
small amount of capital stock that it is able to earn
and
large dividends whether conditions are
entirely favorable or not. During the late calendar
year it suffered in its coal business, in common with
pay
the other anthracite
carriers, from the forced sus¬
pension of mining in the anthracite regions for about
six weeks in April and May.
That fact is reflected
in a falling off in the revenue from the coal business.
But traffic in other directions was further extended
and the aggregate of the
company’s
from all
gross earnings
again increased—the increase being
3.17%.
sources
81,011,810,
or
Two features in the
wanna
stand
out
with
history of the Lacka¬
recent
great
prominence.
One of
the way merchandise and passenger and
general traffic has been increased, and the other the
great improvement effected under the management of
these
is
in
the
operating efficiency
of
Enormous amounts have been appro¬
priated out of earnings year by year for a long time
to raise the physical standard and
capacity of the
property, while at the same time operating methods
have been, it may be said, completely revolutionized.
As has been pointed out by us in the past, the Lacka¬
wanna, though it held a high
position as a staunch
dividend-paying concern even before the accession of
Mr. Truesdale. was yet in many
respects behind the
times and in danger of being unable to hold its own
in the competition with rivals.
All this has been
changed under the new management. One,indication
of what has been accomplished in the
way of greater
efficiency of operations is seen when we turn to the
record as regards train-load.
In the late year, not¬
withstanding the suspension of coal-mining already
referred to, which was an obstacle in the
way of the
accomplishment of the best results, there was a further
the property.
knows that no
continuing loss,
that in some way whatever burden is placed on busi¬
ness
by control of price, by taxation, or in any other
way. mm! either result in the burden being trans¬
ferred to xhe consumers or lead to bankruptcy.
Our lcgidaiors should pause long before
they invite
Sicl.
-■‘nation.
The tines is partFulirlv inoppor¬ Might
undertaking
operating accounts of the railroads
most
a
Reading President Truesdale
good the loss. That, manifestly
unpopular; and with most roads such a
remedy is not ready to hand. It would therefore be
necessary to advance freight rates, and the traveling
public would gain at the expense of shippers. For,
as Mr. Baer well
says, in the letter to which we have
referred above, the power of taxation enables the
to
into the
increase (5 tons) in the
average
load, bringing
THE CHRONICLE.
it up to
4(H) tons.
train-load
As recently
If
but 361 tons.
Mr. Truesdale also discusses with much
1902 the average
go back to the last
the
being available
the
as
[VOL. Lxxxiv,
frankness
peculiarities of the present railroad, situation and
danger involved in a continuance of this state of
this point prior to that time),we find that then the affairs.. He points out that the cost of
conducting
average load was only 302 tons.
In brief, the trains transportation shows large increases in almost evenin 1906 hauled 164 tons more for every mile run than item and notes that to a considerable extent this is
due to the increased wages paid many classes of
they did seven years before, in 1899.
With reference to the growth in traffic, it is only employees, particularly enginemen. trainmen and those
necessary to say that aggregate gross earnings from engaged in station service.
He says it is with no
transportation in the late year were $32,962,880, feeling of resenttulness or pessimism that many officialsagainst but $21,325,122 in 1899. the improvement, charged with the responsibility of managing the rail¬
hence, being considerably over 50%.
We gave a way properties of the country express serious doubts
little table last vear which we have not space to and misgivings over the future outcome as respects
reproduce the present year showing how the increase the net results of the operation of -these properties.
was distributed among the different items of traffic.
They realize from daily experience that the large in¬
Of the 11 }A millions gain for the seven years, it is crease in wages paid will not be in any measure com¬
proper to say $1,179,165 is due to a special cause and pensated for by increased efficiency of service. On
does not represent growth of traffic.
In other words, the contrary they are impressed, he urges, with the
the $1,179,165 contributed by the ferries is a new item belief that a spirit of independence and unrest has
and follows from the fact that the company now oper¬ been engendered and broadly disseminated through
ates directly those of its North River ferries which are one agency or another among the rank and file in all
run
to and from its Hoboken passenger terminal, branches of the railway service, the effect of which has
whereas previously the ferries were operated by the been and* may continue to be to lower the general
Hoboken Ferry Company, the control of which the standard of efficiency of railway employees.
He comments on another feature ot the situation.
company purchased in 1903.
The remaining 10%
million dollars increase has resulted wholly from the He asserts—and this is becoming increasingly patent
development of the road’s business. And it. is inter¬ to every thoughtful student—that the most serious
esting to note that of the entire 10J/2 millions addition, ‘aspect of the present situation as seen from the rail¬
less than 3J4 million dollars has been contributed road standpoint is the universal and pronounced feel¬
by the coal business. After the falling off in the late ing of hostility which exists towards the railroads and
year the earnings from transportation of coal were those controlling and managing them, and the alleged
$12,902,851, which compares with $9,407,796 derived attitude of indifference or unconcern oi the latter as
from the same source in 1899.
But in the same to the character, efficiency and safety of the service
period of time the earnings from general freight gained rendered by the railways to the traveling and shipping
more than 4 million dollars, rising from $6,300,149 in
public. Continuing, he says: “Legislation by Con¬
1899 to $10,342,423 in 1906, and the passenger earn¬ gress and by many of the States is being actively*
ings gained over 2% millions, the amount from that pressed as a universal panacea for all the delays,
source having increased from $3,951,051 to $6,216,624.
troubles,losses or embarrassments which can by any
The smaller items of revenue have also been slowly possibility be laid at the door of the railroads, and
which undertakes to regulate and prescribe the details
rising from year to year.
The most serious adverse feature in 1906 was, not of their management or seeks to place in the hands of
the falling off in the coal revenues which, as we have Government officials 'wholly without knowledge or
already seenwas overcome by gains in other direc¬ experience in railroad operations a supervision and
tions, but the great increase in the taxes of the road control over them which, if made effective and en¬
imposed under the new law with reference to railway forced, would hamper and embarrass the transportation
taxation in New Jersey.
For 1906 these taxes were interests of the country beyond measure.
It must be a matter of encouragement to Mr. Trues$1,573,000, as against $1,000,085 in 1905, involving
an
addition ^therefore, of $572,915.
There would dale as well as to the shareholders in the property
appear to be an element of injustice in such a large that should the worst happen the Lackawanna will
addition tojthe company’s tax bills. Mr. Truesdale be better prepared to stand the strain than most rail¬
refers to the matter : in the following words, the roads in the country.
Its income in the late year was
truth of which cannot be gainsaid.sufficient to enable it to set aside no less than $5,551,was
we
six months of 1S99 (no statistics
on
.
The
effect
on
this company of certain
is
of these
startling, notably in New Jersey. The
for the past year have been
increased by these changes in the tax laws by the sum
of $572,914 91, or 57.29%.
The taxes levied in
New Jersey for 1906 amount to 9.25% of the gross
earnings, or over 30% of the net earnings of the com¬
pany on its entire business of every kind, through or
local, done in that State. It is a conservative asser¬
tion that no business or enterprise of any kind
doing
business in New Jersey begins to pay such a
large
percentage of its gross earnings for taxes as this com¬
pany is called upon to pay under the new laws govern¬
ing the taxation of railroads. Efforts are being made
through appeals to the courts to secure a more equit¬
able treatment of railway interests of New
Jersey on
measures
taxes of this company
taxation matters.
618 for renewals and
paying’the
the small amount of stock
betterments alter
customary dividends on
(!()<% regular and 10% extra) and yet carry over a
surplus on the operations of the twelve months in
amount of
$5S7,071.
Mr. Truesdale does not
seem
to have any
anxiety
concerning the effect on the Lackawanna of that
clause in the Hepburn Rate Bill which would compel
the coal-carrying companies to sever their connection
with the coal-mining enterprises owned by them. If
that provision were capable of enforcement, it might
mean serious mischief to the anthracite carriers.
His
observations concerning the matter are contained in
a paragraph in the report which we quote herewith
entire.
Fed. 23
THE
1907.]
Inter-State Commerce Act
passed at the last session of Congress was contained a
provision making it unlawful for a common carrier to
transport in inter-State commerce any commodity,
such as coal, mined or purchased by it or in which it
has any interest, excepting such coal or other com¬
modity is for its own use, this provision of the law to
become effective after May I 1908.
The avowed pur¬
pose of this law was to compel companies such as this
to dispose of their coal properties, thus separating the
transportation of coal from the - mining and mer¬
In the
423
CHRONICLE.
Increase.
Decemfn r.
(90 roads.)
amendment to the
1903.
1900.
5
1 3 3 .7 3 3
Gross earnings
I
sS
.226124.733.4 3 3
Operating expenses
earnings.
Xet
■"•i
$
8.82
11 ,001 .791
10.1 14,509 12.37
887.282
43.S3i.lS2: 42,943,90<
-
°o
A nwu nt.
2.07
.«
is not confined to any one
to any one group of roads,
The increase in expenses
section of the country or
plain that it
must have sprung from general causes—which of course
chandising thereof. The management is advised by is the truth, as has already been indicated above.
its legal representatives that this company cannot be In the case of the separate roads, the list of losses is
required to dispossess itself of its coal properties by the largest we have been obliged to report for a very
the action of Congress under the guise of regulating long time.
A few illustrations will serve to show the
commerce between the States, especially as by the
situation in that respect. The Atlantic Coast Line,
terms of its charter, one of the early ones granted by
Pennsylvania, it has the undoubted right to mine, with $200,504 increase in gross, has a decrease of $72,121 in net; the Southern Ry., writh $283,421 gain in
purchase, transport and merchandise coal.
gross, has $192,340 loss in net; the Atchison Topeka
A Santa Fe, with $902,326 addition to gross, has only
RAILROAD GROSS' AND NET EARNINGS FOR $4,474 increase in net, and the Pennsylvania RR.
DECEMBER.
(Eastern and Western lines combined), with $1,411,600
The striking, the salient feature in our compilation increase in gross, ad,led only $187,400 to the net; the
of the gross and net earnings of United States railroads Baltimore A Ohio, with $289,481 increase in gross,
for the month of December is the large increase shown lias $75,211 decrease in net; the Canadian Pacific, w.th
in the expenses.
Rising expenditures have been a $372,916 increase in gross, has $80,989 decrease in net.
Even in the case of the Southwestern roads there
feature for some time past, but not to the extent dis¬
closed on the present occasion. With each succeed¬ are some where the augmentation in expenses has ov¬
ing month the augmentation appears to be gaining ercome the increase in gross. Thus the Denver & Rio
added force; and the increase for December derives Grande, though having added $155,657 to gross, falls
additional significance from the fact that it occurs be¬ $57,442 behind in the net. In short, instances of
fore the recent advances in wages have begun to play roads with heavily augmented expenses, drawn from
their full part in railroad affairs.
In the case of the all parts of the country, might be multiplied almost
Pennsylvania Railroad, the 10% advance in wages indefinitely. In the following table we show the
determined upon in November (and which set the pace changes for the separate roads, whether increases or
It will
for all the railroads in the country) went into effect decreases, for amounts in excess of $30,000.
Dec. 1, but in the case of many other companies the be'noticed that the number of decreases in the gross
advances did not come until January and some of is relatively small, only four; but in the net the list of
them not until February.
Indeed, the movement decreases is very extensive, thereby revealing the part
for higher wages is still in progress.
All classes of played by increased expenses.
PRINCIPAL CHANGES JX GROSS EARNINGS IX I)ECEMBEK.
railroad employees are joining in the demand and each
88,225
week brings announcements of concessions in favor of Southern Pacilic
,831,255
79,044
St Louis
,600
Pennsylvania <2 roads).. //I
73,798
902,326
those engaged in one branch or another of the service.
Topeka & Santa Fc:
Georgia.-843,836
but is common to
them all, making it
.
^
*
results for the month in brief, our state¬
ments for December show that, while the improvement
To state the
earnings is still of large proportions, the
provement in the net earnings (treating the roads
in gross
im¬
col¬
lectively) is dwindling away. In short, the increase
in the gross earnings amounts to $11,001,791, but all
of this increase save
$887,282 has been
consumed by
augmented expenses. Moreover, there would have
been no increase at all in net except for the specially
favorable returns submitted by two or three large com¬
panies which belong in a class bv themselves. The
Southern Pacific, for instance, had for the month an
increase of no less than $1,831,255 in the gross and of
$751,347 in the net, and the Union Pacific an increase
of $843,836 in the gross and of $217,971 in net. Besides
this, Southwestern roads, having had the advantage
of a large increase in the cotton movement and having
benefited by good crops generally throughout their
territory, were able to submit unusually encouraging
returns.
With the Southwestern and South Pacific
eliminated from the statement, the remaining
roads of the country would show' only about 5% mil¬
lion dollars gain in gross, with a loss of close to a million
dollars in the netTo be precise, the result in that
event would be
$5,723,235 gain in gross, with
group
$799,241 decrease in net.
Ateh
Union Pacilic
Rock Island
St Louis 6c San
.
—
.
_
_
200.504
178,775
168,868
156,657
151,174
142,712
136,818
127,645
1 1 1 ,548
100,600
Mobile 6c Ohio. ....
Kansas City Southern.
Central of New Jersey
Phll.a Balto 6c Wash
_
...
-.
70,631
71 ,148
68,266
33,046
34,198
48,400
42,902
37,141
33,630
33,323
32,049
.
..
31,079
Georgia So 6c Florida
$11,033,349
Total (41 roads)
Deere uses.
$187,129
37,373
43,949
Lehigh Valley .....
..
Hocking Valley
Brie
ButTalo Rochester &
...
38,089
Pitts
$327,3.0
Total (4 roads).
the Railroad Co.;
Increase of $343,777.
figures are for
These
r
.
585,366 Chicago 6c Alton
497,669 Bangor & Aroostook
443,329 Long Island
372.916 Northern Central.
321,826
283,421
209,481
267,537
Francisco
Louisville 6c Nashville
Missouri Kansas & Texas
Canadian Pacific . —
Illinois Central. _
Southern Railway
.
.
Baltimore 6c Ohio
^
.
Mo Pae System (2 roads)
Atlantic Coast Line... .
Seaboard Air Line.. ..
Norfolk & Western.
Denver & Rio Grande.. .
St Louis Southwestern .
Colorado 6c Southern .
reports an
Increases.
Increases.
Pacific* Coast.
$1
Xasli Chatt &
,41 1
Wabash
Central of
617,125 Yazoo & Miss Valley
-
.
the Coal & Iron Company
operated east ami west or Pitts¬
increased $1,033,500 and the
These ligures cover the lines directly
The gross on Eastern lines
y
burgh and Erie.
gross on Western
lines increased $336,100.
PRINCIPAL CHANGES
EARNINGS IN DECEMBER.
IN NET
Southern
$731,347 Lehigh Valley...Reading..
Philadelphia &
301,638 Min
neap St Paul & S S M_
233,693 BulTalo
Rochester & Pitts.
217,971 West Jersey
& Sea Shore.
.
Pacific
...
Missouri Kansas & Texas.
Rock Island
Union Pacific..
.
St Louis & San Francisco
Pennsylvania (2 roads)
Kansas City Southern
.
204,489
f/187,400
.
_
137,228
.
Wabash
..
Yazoo & Mississippi Valley
Louisville 6c Nashville . .
Central of New Jersey..
.....
St Louis
Southwestern.
.
.
Colorado & Southern
..
Toledo St Louis 6c Western
Total (13 roads).
123,403
80,237
I locking
Valley
....
.
Canadian Pacific.
Norfolk 6c Western..
Baltimore & Ohio. .
.
& Ohio .
78,129 Chesapeake
Coast Line
77,833 Atlantic
Denver
Rio Grande
42,933
39,111
30,829
Chicago lnd &
.
.
.
Louisville.
('cutral
Centra! of Georgia
$2,333,287 Seaboard Air Line
Northern
x
These
$192,340
Rail wav.
_
.
ligures are
.
.
_
Total (18 roads).
.
$161,31
£135,10
94,26 >
91,1487,10.,
84,98
80,98
80,44*
.
Deere uses.
Southern
Erie
*.
I Decreases
Increases.
.
75,21
73,40r>
72,121
57,442
53,810
46,900
43,074
44,018
.$1,678,855
182,987
for the
Railroad Co.; the Coal & Iron Company
reports an Increase of $60,526.
y These figures cover the lines directly operated east
burgh and Eric.
The net on Eastern lines Increased $380,300
on
Western lines
decreased $192,900.
and west of Pitts¬
and the net
t
424
THE CHRONICLE.
When the roads
arranged in
are
of augmented
expenses is still
dence.
Only
is able
one group
this feature
strongly in evi¬
groups,
more
December.
Lake Erie & Western
Lake Shore & Mich So.--.
Macon & Birmingham_
Michigan Central.
Mobile Jackson & Kan City
N V Central & Hudson Rh
N Y Chicago & St Louis...
Northern Pacific
Pitts & Lake Erie
Rutland
Sierra Railway..
Texas & Pacific
Toronto Hamilton & Bull..
to show
improvement
of any substantial amount in
the net—namely, the
Southwestern and South Pacific
group, already re¬
ferred to: of the
remaining groups, four show absolute
decrease-, these being the Southern
group, the Anthra¬
5091
.
.
the Eastern and Middle group and the
Middle Western group.
The other two groups record
increases, but of such small amounts and in
the face
of such large gains in the
.
SUMMARY RY OROUCS.
X< t
—
-
—
_
_
.
1900.
Dccembtr.
s
Trunk Lines <5).’ 32,435.883
Anthr Coal (5 >.
9.124.703
East & Mid (15; !
4.947.127
Middle West (ID
9.130,811
NW A N Ran 13)
10.433.022
8\V <fc So Rued 7 >
39 .920.203
Southern (27)
23.430,877
Total (90)
Mexican <4)
1905.
1900.
1905.
S
s
8
30.721,953
.
Die.
or
s
9.200.004 9.1 15.397
+54.007
.00
2,573.193 3.780.010
212.823 5.02
1 .038.700
I .202.544
—223.784 17.72
2.800.021
2.917.007 !
—57,040
1.95
15.053.470 0.3 19.187 0.312,058
+ 37.129
.59
34,047.047 14,0 10.397 12.353.874' + 1,080,523
13.05
2 1.5 13.928
ti .709.021)
7.100.944
397,324 5.o 4
5,177.009
4.720,829
'
12.9 13.900
1.018.221
+ 887.282
4-157 381
|
Shares.
£200
10 X.
2.07
9.72
BANKS
-A
tic
215,307
28,412
4.700
7,if 7
1,490,517
327,884
722
000,800
| 13.488,820
1
1
7.90%,
being $184,or
Exchange
.
York.
Commerce,'Nat. Bank
of
Low.
High.
('lose.
183
1 83
183
Feb.
1907
171
April
1900
1 75
201
Meh. 1900
300
Y.
Produce Exch. Bk
171
171
North Amcr.. Nat. Bk. ot. 201
201
TRUST COMPANIES
Vew York.
Bowl, (ir’n Tr. Co. (old stk) 240
240
14
Last previous sale.
184
-
'-J
-
qualifying somewhat the unsatisfactory character
of the present exhibit, it should
528,017
13,421
The t ransactions in trust
company
stocks, all auction sales, reach a total of 1 12
shares.
97 U
As
48,403
5.270,154
1,115,744
08,450
07.7341
184,235,595| 170,740,709: 14,089,032
_
and 24 shares at auction
-
1.775.002
0,094
979,204
-
Inc.
9.308,708
4 007,890
8,729,833
.! 35.735.220 124.733,435 43.83!.1x2
..
-
1,094
285,189
40,710
92,984
7,740,083
,824,4011
1
..
$
42.183
13,239
ITEMS ABOUT BANKS,
BANKERS AND TRUST CO’S.
The public sales of bank stocks
this week aggregate ‘28-4
shares, of which 260 shares were sold at the Stock
Earnimjs.
-
139,700 i
7,752,777!
930,741
5,804,771'
1 ,129,105
220,007!
35.529
Decrease. *
235,595, against $170,746,769 for 1905.. The
present
gain follows no less than $17,259,521, or
12.15%,
gain in December 1905 over December
1904, accord¬
ing to the same method of computation.
a
dross Kami mis.
455,237
3,549,140
13,025
2,020,132
$13,488,826,
gain of $1,713,930 in the
gross, and for the Northwestern and North Pacific
group, the increase is $37,129,
contemporaneously
with a gain of $1 ,3X0.140 in the
gross.
or
S
the total of the gross for December
1906
gain
(Irani).
S
In this way , it will be
observed, tlie increase in gross
for the month is
brought up to
that they furnish addi¬
testimony to the rising tendency of the expense
accounts.
For the Trunk Line
group, the
in net
fil'd ion
Increase.
5
i
gross
on
1905.
2,31 1 ,321!
..
Total (127 roads)
Net increase <7.90)
tional
only $54,607
_
r,xxxiv.
1900.
413,054!
3.502,379'
15,3 1 9'
.
cite Coal group,
reaches
[Vol.
8
Lawyers’ Title los. A Tr. Co
Guarantee it Tr. Co
2 Title
.
be
24(1
Dec.
1900—
272
242 q
272
272
Jan.
1907
2 7 5*
570
570
570
Feb.
1907 —
5 72
TRUST COMPANY
forgotten that
Brooklyn
5 Flat bush Trust Co
205
205
205
comparison is with exceptionally favorable results in
Jan. 1900
273
Sold at the Stock
Exchange
previous years. For instance, in December 1905, our
---The
compilations showed $14,049,072 increase in gross, or urer of therenoniination of Hamilton Fish as Assistant Treas¬
Pnited States at New York was
sent to the Senate
12.2!)%and $7,0X3.343 increase in net, or
by President Roosevelt on the 19th inst.
19.7X%
not
—
,r
.
which, therefore, the 1900 increase in
gross and
net (speaking of the roads as a
whole) is addi¬
tional.
In fact, the December
figures were
to
for most of the
good
very
preceding
the
New 5 ork Stock
Exchange, which was closed yes¬
terday in observance of Washington’s
Birthday, will also
'remain closed
to-day, thus giving the brokers three continu¬
ous
holidays. The extra holiday was rather
unexpected. as
the Governing (ommittoe has
within the past few
years, too. as will be seen from
the following:
loath
dross
Year.
Earnimjs.
>' <ar
Y car
dirt n.
December
189(5.
51.220
1897
-i
07.542
189S
! 70.MO
1899 ...I 78,244
1900
J 90,789
..
..
1901
1902
1903
1904
l‘n
1141
721
17S’
324
057
90.208 122
..
A d
1(14.232
385
100.978 224
110,253 981
133,775 020
Jncriascor
Decrease.
ceiling.
52.520.887
59,449.009
00,979,889
71.010,127
81,405,495;
-1.300
■4-8,093
+ 3.830
+ 7.234
+ 9.324
+ 3,039
92,028.931(
Yiar
(linn.
102 33
191 33
93,100,941 + 11.071 444 33
102.928.990 + 4.049 234 33
;
108,070.412 + 7.583 509 30
!
119.125.94S; + 14.049 072 40
| 135.735. 220 124,733.435' + 11.001 791 43
;
-
..
1900
Kncitling.
,/ncrttiseor
Dienase.
York
per
-
large
roads
rep ORT1XG
GROSS
we now
HUT
NOT
submit.
jeei mhi r.
Reported above (90 roads)
Ala New Or! A: Tex I’ac New Oil a- N«»r Eastern
Alabama & Vicksburg
Vicks Shreve & Raeiiie
Chicago iml «v- Soot hero.
Chlcairo Milw »v St Paul.
.
Chicago <Sc Northwestern
Chic St Paul Minn & O
1
Cincinnati Nort hern
Clevc Cine Chie X St Louis
Peoria Ac Eastern
Detroit Toledo x- l root on
i
(irnnd Trunk oi < 'anada
Grand Trunk Western.
Del Gr ilav< n A .Miiw.
Canada Wantie
! ’
Great Northern
Montana Central
Interna.’1 «V Gt Northern. i
.
1900.
1 905.
5
8
135,735.220 12 1,733.135
lacr>
s
1 1 .00 1 ,791
300.327
153.848
153.740
257.184
1 37 .900
234 ,208
27,913
25,827
185,88 1
5,133,358
4,790,712
5,090,257
48,327
342,040
5,71 7,0 35.
1,314,978
82 024
2.109,739
1
209,01 7
S
■
-
-
d
7.949
127.723
to
33,4 10
1 3.030
235.0 78
79+nnn
289,899
441 .841
21 .1 15
1
25.000
,
a
to be in
operation in
ons.
result of the action taken
fixing the banking hours
t
adopted by the
of members from 9
}>. m., unless otherwise
a
fine
or
to
as
associa¬
a.
m.
to
provided by law.
Members not
the rule, “except to accommodate
a belated
has heretofore been
customary, shall be subject
as may be decided
upon' bv the* associa-
expulsion,
ionThe Third National
instituted the “all-night ”
September. The new rule goes into effect Marchpolicy
1.
—
4,101 .019
250.8 23
007.000
safeguard understood
last
*
3,059,1 78
As
customer,
,
3.401.172
percentage basis, wont into effect on
opposition to it having been
expressed by the
An additional
conforming
020 .778
199,330
1 .1 15.04 2
74 ,075
a
on the 14th
inst by the
"Baltimore* Clearing House
Association, the Third National
Bank of that city will
discontinue its “all-night’’
policy.
By a vote of IS to 2 a resolution was
tion
..
n.fi!) 1,371,
-
43,143
15,882
2,0 12.010
302.4 33
399.340
.w>,sin
Decrease.
tise.
no
on
protect ion to its pat t
NET.
-
]
or
,
foregoing,
he table
t
constitution of the New
has been put in force in Balti¬
more1 by the
Comptroller of't he'Currency. For the
purpose
of verifying the bank's
accounts, after the usual
periodical
examinations, the bank examiner will,
through a circular
letter, apply to depositors, selected at
random, for a state¬
ment of their
deposits on a specified date, and in addition
t he amount ol
any special deposits, should there be
any not
appearing on their books.
While depositors are not
obliged
to accede to the
request.-it is obvious that their
compliance
will serve to provide greater
safety to t lie bank and additional
systems) which give out returns only as to the
gross.
Starting with the total of the gross in tlie
her roads in
Exchange (published
other sections of the
country,
foregoing statements all relate to roads which
furnish returns of both gross and net.
In addition
there is a number of
ot
share
members.
The
add these
Stock
Thursday,
A’ole.—In 1890 th<* number of roads
included for the month of 19*ceinl)cr was
128:
in 1897, 130: in ls9S. 122: in
1899, 110: in 1900, 121: in 1901, 104: in
in 1903,99: in 1904. 95: in
1902, 105:
1905, 90: in 1900, 90.
We no longer include the Mexican
roads or the
coal-mming operations of the anthracite coal roads in our totals.
we
on
Governing Committee
887.282
some
been
of business
last week),
giving the
tin* right to determine
whether stock
quotations in any given cast*, shall be on the
basis of dollars
883 .104 17 930,398
47.294
700 .713 20 129.314 +3
.571.399
790 .227 23 220.0 ,4 +1
,509,503
037 .073 24 908.012 +2 .729.001
((93 .800,29 050,298 +4 .037,502
354 .2721.33 700.831
412.559
245 ,049130 891.059 +2
,353,390
720 ,570 34 199.785
- 473.209
794 .527 32 411.588 +4
,382.939
525 ,454|38 842,1 11+7
,083,343
831 ,182 42 943,900 +
companies, (including
requests f»»r the suspension
succeeding week days. The members *of the Cotton
Exchange will likewise enjoy the three days’
respite from
business.
The amendment to tin*
s
773.17
71223
289124
197 27
grant
two
Earnings.
Ytar
\
years
to
We have received from
Thomas B.
Baton, Counsel and
Secretary of the Standing Law Committee of the
American
Bankers’ Association, a
copy of a pamphlet containing drafts
Feb. 23
1907.]
THE CHRONICLE
proposed laws recommended by the Committee for enact¬
the different States.
The proposed measures deal
(1) with forged or raised checks, covering all the phases
of tlie question, namely the liability of a bank to a depositor,
the recovery of payment on a forged check, and the certifi¬
cation of forged checks;
(2) the payment of instruments
made payable at a bank;
(3) the competency of bank
of
ness
ment in
the
notaries;
(4) the establishment of
a
uniform law relative to
stock transfers;
(5) the payment of joint deposits; (6) bur¬
glary with explosives—defining the crime and providing
punishment therefor; and (7) the calculation of interest—
making 360 days constitute a year. In a few of the States,
it is noted, some of these proposed laws may not be needed,
as where the matter sought to be regulated is already pro¬
vided for by statute or judicial rule; but in many States
the enactment of some or all of the laws proposed will un¬
doubtedly be of benefit. The committee also indorses and
recommends the “draft of
of Warehouse
an
Act
to make
Receipts,v and the “draft of
Act to make
uniform the Law of Sales/’ both of which draft codes
were
completed, indorsed and recommended by the Commissioners
Uniform State Laws in national conference
on
in
St.
Paul
August 1906.
A book reviewing the progress
of the Bank of North
America, Philadelphia, during the last quarter of a century—
from 1881 to 1906—has been issued from the press of Robert
Grier Cooke.
It is gotten up in most attractive style, and
contains some eight or ten full-page illustrations.
The
Bank of North America, chartered by the Continental
Congress in 1781 and by the State of Pennsylvania in 1782,
lays claim to the distinction of being the oldest bank in the
United States. 'In 1XX1 its centennial year, a history of the
institution was published, giving in detail its history and
transactions for its first century.
Tin* publication just
issued records the activities during the first quarter of its
second century.
An interesting fact with regard to the bank
is that it is the only national bank in the United States
—
►
at
of the
—At its
actually merged
was
have the word “National” in its title.
regular semi-monthly meeting
February 18,
Company of this city elected as a director
Edward M. Bulkley of Spencer Trask & Company.
stockholders of the bank
are
to
a
large extent descendants
and heirs of the original stockholders.
In the last twentyfive years the total sum of dividends distributed has been
S3,120,000, or 342% on the bank’s capital of SI .000,000.
—The
lately projected New Netherlands Trust Company
and the As tor National
Ave tiue,
to 3X9
next.
are
Bank, on 31th Street west of Fifth
The Astor National will remove
to be united.
Fifth Avenue, opening in the new quarters on Monday
The union with the trust company will take place
month, the bank then
changing its name to the Astor
Comj>any. Tin* capital of the united institution will be
$1,250,000. subscribed by tin* Bankers’ Trust, New Neth¬
next
Trust
erlands Trust, and Astor National interests.
The entire board
of t he New Netherlands and 1 1 directors of t he Astor National
will constitute the
new
directorate.
The executive staff in¬
cludes: K
C. Converse. President; Alexander Stevens, Thus.
Cochran Jr. and Seward Prosser, Vice-Presidents; George W.
Pancoast, Cashier, and Howard Booeock, Assistant Secre¬
The Astor National Bank started operations in 1S9X.
It has a capital stock of $350,000, surplus and profits of
$727,706 and deposits of $5,022,000.
The last sale of its
stock was at 775.
Its dividend rate, 25% annually, was
raised to a 32% basis with the payment of 8% quarterly on
tary.
thelstinst.
—A
meeting of the stockholders of the Mechanics’ & 'trad¬
city has been called for March 5, when the
propositions to increase the capital from $700,000 to
$2,000,000 and the directorate from nineteen to twenty-five
member, will be submitted for ratification. It is also pro¬
posed to change the par value of the shares from $25 to $100
each.
David A. Sullivan, President of the Union Bank of
Brooklyn, is President of the Mechanics’ & Traders’.
ers'
Bank of this
—The necessary
the
legal formalities incident to the union of
Irving National and the National Exchange banks of
this city were completed this week, the stockholders on
Tuesday having ratified the action of their boards. The busi¬
on
the Bankers’ Trust
—The National
which is
Copper Bank of this city, the new bank
being promoted'by copper interests, is to have as
its President Charles H. Sabin, Vice-President of the National
Commercial
Bank of
Mr. Sabin, who is not yet
of the National
previously been
Albany City National Bank, merged with the
January 1902. In 1904-05 he served as Presi¬
Albany.
age, became Vice-President
Bank five years ago, having
of
forty
years
Commercial
Cashier of the
Commercial in
dent of the New York State Bankers’ Association.
National
The
new
Copper Bank expects to open for business on May 1
a
capital and surplus of $2,000,000 each.
It is to have
—The
proposition to increase tlie board of the Riverside
city from ten to fifteen members will be ap¬
proved at a special meeting of the stockholders on March
Bank of this
This action is incident to the taking
5.
over
of the business
of the Bank of Discount.
—The directors of tin* Hamilton Bank of this city will con¬
sider on Wednesday next tin* matter of increasing tin* capital
from $200,000 to $800,000.
Wo learn that
it is the
object
enlarge tin* institution by absorbing other companies,
and that its present capital and surplus of $200,000 each are
to
considered
rather
small
too
compart'd with the $6,000,000
deposits
now carried by the bank.
On Wednesday last the
directors elected E. R. Thomas President, to su cceed Frank
W.
Kinsman Jr., resigned;
Frederick I). Ives was elected
Montgomery was chosen
First-Vice-President and William R
Second Vice-President.
—
(Veil F. Parr of Parr’s
elected
Trust
a
Bank, London
England, has been
member of tilt* London Committee of tic* <
iuaranty
Company of New York.
—Leopold
It
brought under the National Bank Act in 1861.
In their
application for a national charter the directors, who were
adverse to giving up the original title, asked permission to
retain it.
This the Comptroller objected to, but tin* matter
was
finally agreed upon by a special arrangement. The
was
January l6r
Irving
Bank.
,
which does not
on
consolidated bank becoming the
National Exchange
uniform the Law
an
of the two banks
name
42S
.
Wallach has been elected a director of the
('ompany of this city.
Knickerbocker Trust
—Morton
F.
Plant has been elected to the hoard of the
Bowling Green Trust Company of this city.
-
The
Jersey,
capital of the First National Bank of Hoboken. New
increased on Feb. 4 from $1 10,000 to $220,000.
was
—Aurelius
B.
Hull, Vice-President of the Morristown
Trust Company of Morristown, N. J., of which he was an
incorporator, died
Mr.
Hull
was
on tlx* 15th inst.
also Vice-President
in his eighty-eighth year.
of the
Morristown
Safe
Deposit Company and a director of the Fidelity A Casualty
Company of Now York and the Continental Fire Insurance
Company of New York.
—The
New
Rochelle Trust
Company of New Rochelle,
July 1 increase its capital from $100,000 to
$200,000 by declaring a 50% stock dividend out. of surplus
and profits.
The remainder of this increase ($50,000) is to
be offered to shareholdcis at $150 per share.
Surplus and
profits should then amount to $55,000. In April the in¬
stitution will enlarge its bank building by erecting a four-story
extension on the adjoining property.
When completed, this
modern office building will lx* tin* only one in Now Rochelle
equipped with electric elevators, the aim of the architects
N.
Y., will
on
being to make the banking
County.
The
room
the finest in Westchester
a State bank
in 1901, and has
had a prosperous history.
On Jail. 1 1902 deposits were
only $512,611, increasing to $744,175 in 1903. $972,246 in
1904, $1.117,130 in 1905 and reaching $ 1,81 1,824 Jan. I 1907.
Its business is divided among 4,700 accounts.
The institu¬
tion is managed entirely by New Rochelle business men.
William W. Bissell is President, Robert P. Carpenter VicePresident, Henry J. Van Zalm Secretary and J. A. Huntington Assistant Secretary.
in 1888,
—The
was
company
started business
converted into
directors
of
a
as
trust company
the
Bridgeport Trust Company of
Bridgeport, Conn., re-elected the following officers at the
late annual meeting:
F. W. Marsh, President: Orange MerMarsh, Secretary, and E. H.
win, Vice-President; Egbert
Judson, Treasurer. On Jan. 26 1907 the company reported
deposits of $1,235,191 and total resources of $1,559,347.
It has a capital of $200,000, surplus of $80,000 and undivided
profits of $20,000.
426
—David S.
Plume, President of the Colonial Trust Com¬
pany of Waterbary, Conn., and of the Thomaston (Conn.)
National Bank, died on the 10th inst. at the age of seventyseven years.
Mr. Plume was also identified with the Plume
& Atwood Manufacturing Company and other corporations.
—Cornelius N.
Weygandt, President of the Western Na¬
Philadelphia, died on the 17th inst, after a
few days’ illness resulting from a fall. Mr. Wevgandt
was
born in 1832.
He entered the employ of the Western Na¬
tional in 1848, and, except for one 3rear when he was a clerk
of statistics in the Philadelphia Mint, his entire business life
was spent with that bank.
He was successively its book¬
keeper, Cashier and Vice-President, and in IS,87 became
President.
He was a member of the Philadelphia ClearingHouse, a director of tin* Pennsylvania Fire Insurance Com¬
pany, the Philadelphia Bourse, the Fairmount- Park Art As¬
tional Bank of
sociation and other societies.
have
elected
George
The
directors
of
the
bank
E.
Shaw, President of the Assets
Realization Company, President pro tern.
—The directors of the
Md., at
more,
merman
Maryland Trust Company of Balti¬
meeting on Tuesday elected Louis S. Zim¬
a
Vice-President, to succeed Allan
as
McLano.
signed.
No action was taken toward electing
Mr, Zimmerman as Secretary.
—State
Bank
Examiner James
M.
re¬
a successor
to
•
■
jy-iTI
Cover has been ap¬
pointed temporary receiver of the New Castle Savings tfc
Company of Now Castle, Pa., which closed its doors
Trust
on
The
depositors of the Western Bank since its suspension in
August 1905 have received <h
nds aggregating 50%.
.
—W. F. Earls has succeeded V.
the National Bank of the
—The stockholders of the Second National and the Mer¬
Toledo, Ohio, will meet
ratify the consolidation plan mentioned in
March
our issue
on
of Feb. 2.
—F. P.
Bellinger has become President of the Merchants’
Bend, Ind., in place of J. M. Do
National Bank of South
Rhodes.
—At the annual
meeting of the stockholders of the Union
Indianapolis on Tuesday, it was unani¬
mously decided to increase the capital from $200,000 to
$300,000.
William J. Richards, having announced his in¬
tention to relinquish the presidency, was chosen instead ViceNational
Bank of
President of the bank, and James M. McIntosh was elected
President.
Mr. McIntosh, who is at present a national
as
bank
examiner, is expected to
month
or
—In
assume;
his
office in
new
a
two.
compliance with the laws of Wisconsin
an
examina¬
tion of the affairs of the Merchants’ & Manufacturers’ Bank
F. Adams
as
Cashier of
E. A.
—On
January 25 the stockholders of the Utah National
City, Utah, ratified a proposition to in¬
crease
the capital from $100,000 to $200,000.
The new
1,000 shares will be sold at $150 each, the $50,000 premium
being added to surplus. The enlarged capital will become
effective as soon as authorized by the Comptroller of the
Currency. W. S. McCornick, of McCornick & Co., lately
Bank of'Salt Lake
became President of the Utah National.
—The
Central National Bank of Kansas
City', Mo.,
application to organize was approved a week or two
ago b}" the Comptroller of-the Currency, has elected officers
as follows:
G. M. Smith, President; F. G. Robinson, LI. M.
and
Evans
David Thornton, Vice-Presidents; and J. D.
Anderson, Cashier. The bank will have a capital of $200,000
and stirplus of $50,000, and will begin business in April.
new
whose
—On
February 1 the capital of the St. Joseph Stock Yards
Joseph, Mo., was increased from $100,000
to 8150,000.
The selling price of this stock is $200 per
share.
The bank’s surplus account has been increased from
$20,000 to $30,000, besides which it has undivided profits of
Bank of South St.
$25,000.
—With the declaration of
chants’ National banks of
.
Republic, Salt Lake City.
Culbertson has become Assistant Cashier.
the 9th inst.
19 to
| Vol. lxxxiv.
THE CHRONICLE.
on
the
14th
special dividend of $2,000,000
inst., the National Bank of Commerce in St.
a
Louis completed the final step in the transaction increasing
its
capital to $10,000,000. As set out in this department
capital was first increased from $7,000,000 to
$8,000,000, the new stock being sold at $300 per share.
To raise the capital to $10,000,000, 20,000 additional shares
were issued and paid for through an extra cash dividend of
$25 declared on the $8,000,000 capital. With its capital ad¬
vanced to $10,000,000, the bank will still have a surplus of
$5,000,000 and undivided profits of over $3,000,000.
Jan. 26, the
—The directors of the Missouri-Lincoln Trust
Company
Pinckney French to succeed
August Schlafly, resigned, as President of the company.
John W. Harrison had been chosen to temporarily fill the
post on the 2d inst. The office of Chairman of the board has
been created and C. Marquand Forster has been elected to
Dr. French was previously Vice-President and
the same.
Treasurer.
Charles Hamilton, lately elected Secretary, has
of St. Louis have elected Dr.
been chosen to the additional office of Treasurer.
of
Milwaukee, Wis., was made on the 9th inst. by a com¬
mittee consisting of two of its directors and a stockholder
appointed by the board. Under the law it is required that
the condition of banks shall be examined into at least every
six months by a committee appointed from its directors or
stockholders.
chants’
As
a
result of the examination of the Mer¬
&
Manufacturers’ the committee reports total re¬
of
$1,019,989, and
expresses the opinion that all
of the value at which they are carried on
the books of the bank.
sources
items of assets
are
—The directors of the
Mississippi Valley Trust Company
Louis, Mo., held their annual meeting on the 12th inst.
W. J. McBride was elected to the board to fill a vacancy due
to the death of George LI. Goddard, and Murray Carlcton
of St.
and William I). Orthwein
were
chosen
as
new
members of the
executive
committee, in accordance with the action taken
by the stockholders on Feb. 4 increasing the committee
from
seven
to nine members.
The re-elected members
are
“Charles
Clark, John D. Davis, David R. Francis, August
Samuel E. Hoffman, Breckenridge Jones and
Julius S. Walsh.
The officers of the company were re-elected
as follows:
Julius S. Walsh, Chairman of the board; Breck¬
inridge Jones, President; John 1). Davis and Samuel E. Hoff¬
man, Vice-Presidents; Janies IL Brock, Secretary; Hugh
It. Lyle, Henry C. Ibbot son and C. Hunt Turner Jr., Assist¬
ant Secretaries; Frederick Vierling, Trust Officer;
Henry
Semple Ames and Charles M. Polk, Assistant Trust Officers;
William G. Lackey
Bond Officer; William McG. Martin,
Assistant Bond Officer; Tom W. Bennett, Real Estate Offi¬
cer; Charles W. Morath, Safe Deposit Officer; Breckenridge
Jones, Counsel, and Llenry Semple Ames, Assistant Execu¬
Gehncr,
—Charles T. Kountze
was
elected Presidenl of the First
National Bank of Omaha, Neb., on the 14th inst., succeeding
the late John A.
is taken
tive is
death
a
Creighton. The latter’s place on the board
by John 1). Creighton, a nephew. The new execu¬
son
last
of
Herman Kountze, who at the time of his
November
Charles T. Kountze
President
was
of
the
institution.
then
Cashier, and on his father's
death was advanced jto the vice-presidency.
No otlic
change has occurred in the staff with his promotion to the
presidency.
—F. H. Davis is
as
President
of the
was
successor to
Union
the late John A.
Stock
Yards
National
Creighton
Bank of
South Omaha, Neb.
Mr. Davis is Vice-President of the
First National of Omaha, and occupied a similar office in
the South Omaha bank.
—Judgment for $191,000 has boon rendered against the
stockholders of the defunct Western Bank of Denver.
institution had a capital of $100,000.
The Denver
The
“Re¬
public” states that it is not expected that more than $30,000
of the judgment is collectible.
The largest amount (8100,800) is against Leonard Tmboden, now serving a sentence
in connection with the failure of the Denver Savings Bank.
,
tive Officer.
—The directors of the Dominion Bank of
Toronto, Can¬
ada, have been authorized by the stockholders to issue
$1 000,000 of new stock, increasing the paid-up capital from
$3,000,000 to $4,000,000. This will be offered to the present
shareholders at $210 per share.
The stockholders have also
approved a further increase in the authorized capital, raising
it from $4,000,000 to $5,000,000.
The December 31 1906
statement of the bank, presented at the annual meeting
January 30 1907, showed net profits for the year of $539,360.
This sum added to the balance of $249,438 at the credit of
.
Feb.
23 Vj07»
31, 1905, gave a total of S7S8,798.
Out.
8360,000 were paid (12% per an¬
num) and $400,000 transferred to the reserve fund, leaving
$28 79S t0 be carried to the profit and loss account. The
and loss December
of this dividends of
ofit
institution’s present reserve fund is 83,900,000. Since
June 30 1906 iis deposits have increased from $32,307,163
to $36,876,156, and its total assets have advanced from
$42,293,329 to $49,694,379.
—The Bank of Nova Scotia (head office Halifax) reports
net profits for the twelve months ending December 31 1906
gold during the present month. The
gold forwarded to Brazil this week has been entirely by
It is believed that further sums will be sent to
bankers.
Argentina to-day. In Paris business is also checked, mainly
bv the introduction of the Income Tax Bill.
The speech of
the Finance Minister in introducing it appears to have made
a good impression upon his hearers, and the measure itself
is more moderate than most people had anticipated.
But
the French dislike of the income tax is deep-seated; and
naturally, therefore, the tendency observable for some time
has not sent out any
paid,
$(553,517- Dividends aggregating $308,387 were
$210,000 was transferred to reserve fund. A further
addition of $840,000 was made to the reserve fund on October
0f
while
*
through the sale of 5,000 new shares of stock at
paid-in capital then being increased from $2,500,000
$3,000,000. The several additions to the reserve fund
1906
31
$268. the
to
French investments is increased. Moreover,
elections is itself calculated to cause
a pause, for the elections have undoubtedly strengthened
those who habitually support the Government.
Moreover,
the Emperor’s speech to the crowd which assembled in front
of his palace has made a bad impression in neighboring
In Germany itself business has been more or less
countries.
disturbed by the elections, and, furthermore, it lias been
checked by the liquidation going on in New York and by the
past to avoid
the result of the German
$5,250,000, besides which there is a profit and
loss fund of $54,455.
The annual dividend rate of the bank
was increased with the December payment from 11% to 12%.
On December 31 1906 deposits were $25,514,599 and total
assets $37,461,789.
John Y. Payzant is President and H.
bring it up
C.
to
Manager.
McLeod General
—The
stockholders of the Royal
Bank of Canada (head
Halifax) have decided to increase the bank’s authorized
capital from $4,000,000 to $10,000,000. It is stated that
the bank will, in the near future, remove its head office to
Montreal. H. S. Holt has been elected a Vice-President of
the institution.
—The National Bank of Cuba,head office Havana,reports
office
depression in London.
The large withdrawals
Bank of England
London
people
hoping that
gold will be received from Paris. That, however, is doubted
by the most careful observers, inasmuch as the Bank of
France naturally desires to keep itself very strong at a time
the re¬
satisfactory
could be wished, and when, moreover, the introduction
of an Income Tax Bill tends to disturb business.
The best
observers, therefore, in Paris as well as in London doubt
whether the Bank of France will allow much gold to be sent
to London.
Gold, of course, is coming back from Egypt,
as
Council does not find it necessary to “ear-mark”
gold, or at all events has not “ear-marked” it up to
present, while the imports of gold from South
Australia arc large.
If, accordingly, there are no serious
shipments of gold to New York, it is possible that the
apprehensions may quickly abate, and that the
may
find itself in a position to reduce the rate of discount.
If,
however, New York competes with the Bank of England for
the gold offering in the open market next week the appre¬
and the India
Cuba
ptonctavy!©ommcvcial^ttgtislr3£ms
the
Africa and
present
Bank
hensions will be increased.
The India Council offered for
and the applications amounted
tender on Wednesday
Is. 4 5-32d. per rupee
were
allotted about 18% of the amounts
Council sold 7 lacs in bills
the position of the Bank of
Bank rate of discount, the price of consols, &c.,
Later in the day the
correspondent.)
Feb. 8 1907.
for the first month of the new
England, tjie
3-16d. per rupee.
The following return shows
at Is. 4
years:
they show that the value of compared with the last four
1905.
1906.
1007.
than in any previous
Feb. 8.
Feb. 7.
Feb. 6.
Of course, it is true
27.940.030 28,233.720 27,311,740
considerably, but there is also, Circulation
9,459.079
9.638.276
11,090,951
Public deposits
39.448.004
generally speaking, a very considerable increase in quan¬ Other deposits
41.162.570 41.794,989
tities.
The total value of the exports of British and Irish Oovernm’t securities 15.453.756 12,584,867 15,603.585
20,031.322 33.311,131 24,427,700
securities
produce and manufactures was £35,070,607, showing an in¬ Other
Reserve, notes
coin 25,975.111 23.791.636 27.045,038
35,906,778
33.575.356
crease of £4,295^796 over January of last year, equal to 14%.
Coln&bull. .both dep 35.474,141
year are highly satisfactory, as
both exports and imports are higher
month in the history of the country.
that prices have risen very
£
27.749,055
9,081.614
41.635.576
19,229.834
24.826.750
....
re-exports was £8,793,276, an increase of
£1,347,421, or 18.2%. The value of the imports was £60,540,508, an increase of £7,066,175, or 13.2%. It will be
noticed that the increase in the imports is larger than for
several months past.
All through last year the main increase
was in the exports.
The increase in the exports is main¬
tained in January, but there is a decidedly more marked in¬
crease in the imports than previously.
It is to be observed,
however, that it is chiefly'- in the raw materials of manufac¬
tures and in articles mainly unmanufactured that the increase
in the imports is observable.
It had been naturally feared
that the long continuance of dear and scarce money would
realized. The
prosperous at
present that all the foreign customers of this country are able
to buy more .largely.
Furthermore, there is no possible
doubt that during the past eight or nine years great efforts
have been made by manufacturers in this country to improve
check trade.
Happily the fear lias not been
truth is, of course, that the whole world is so
their works and to make themselves in every way
efficient.
And that the efforts have been attended
more
with a
very considerable measure of success is proved by the won¬
derful expansion of our trade which has taken place since
May 1905.
The withdrawal from
the Bank of
England late on Thurs¬
revived appre¬
hensions of dear and scarce money, and has materially
cheeked business upon the Stock Exchange.
Business had
already received a check, owing to rumors of financial diffi¬
day of £810,000 for
Argentina and Brazil has
Nobody was
foundation for the
they flew about the city and warned all con¬
Stock Exchange to be cautious how they in¬
culties of some large operators in New York.
able to ascertain whether there was any
But
cerned in the
rumors.
curred
new
risks.
terially to the
which had
true or not,
the liquidation which had been going
of the year was itself a sufficient reason
When, therefore, so large a sum was
Bank of England, it added very ma¬
Whether the rumors were
members argued that
on since the beginning
to observe caution.
withdrawn from the
unwillingness to engage in new
previously existed.
http://fraser.stlouisfed.org/
Federal Reserve Bank of St.lanjjj
Louis
SESBSfflBlMM
operations
The Brazilian Government
Prop, reserve to lia¬
bilities
p. c.
Bank rate
p. c.
Consols, 2*4 p. c
Silver
90 7-16
30 3-16d.
874
31-11-16d.
49
Feb.
,
Bankof England rate
Open Mark ft rale—
Bank bills—3 months
4 11-16
—4 months
—6 months,..
.
._
4 7-16
4
88 M
88 5-16
264 d.
26*4 d.
.
At call
7 to 14 days
92 13-16
22 1-16(1.
176.230.000
Jan. 25.
5
Jan. 18.
44
4*4
44 to*) 4 4
44
44 @ 4*4
5 @54
5 @54
5
5
5
44 Ca:44
5 <ci) 54
5 @54
3*4
3
3*4
3*4
34
34
34
3*4
34
5
months
—4 months
Interest allowed. Jar depositsBy joint-stock hanks
By discount houses:
Trade bills—3
1.
5
ra 4*4 44 @44
©4*4 44 'o ,4!4
4 4 4*4 0 414
49
'
Ckvir.-housereturns316,182.000 231,617.000 206.614.000 178,131,000
The rates for money have been as follows:
Feb. 8.
5
28.127.905
11.239.705
39,677.093
15.062.127
28,934.448
25,170.852
35.123.757
4
3
4
5
24.900,000
34,199,147
55 3-16
464
494
1903.
Feb. 11.
£
1904.
Feb. 10.
£
£
£
The value of the
100 lacs
to nearly 528^ lacs, at prices
ranging from Is. 4 3-32d. to Is. 4 5-32d. per rupee. Appli¬
cants for bills at Is. 4 3-32d. and for telegraphic transfers at
applied for.
London, Saturday,
Trade returns
reduction in the Bank
when the condition of Morocco is threatening, when
lations between France and Germany are not as
December 31 1906 of $19,474,629, an increase
during the year of $2,656,747. In the twelve months the
institution gained 2,351 new depositors, the total now num¬
bering 10,961. The bank is the United States depositary in
Cuba as well as depositary for the funds of the Republic of
(From our own
of gold from the
make it unlikely that there will be any
rate for some time yet.
The Paris exchange upon
has declined, and therefore many
are
total assets
The Board of
427
THE CHRONICLE.
5
—3
*4
34
34
of discount and ope n market rates at the
follows:
chief Continental cities have been as
The Bank rates
Feb. 9.
Rank
Rates of
Rate. Markit.
3
3
6
4*4
4 *4
6
4 9-16
6
5
44
4
34
4 3-16
44
Interest at—
Paris
Berlin,
Hamburg.
Frankfort
Amsterdam
.
.
.
,
.
.
.
.
_
.
.,
Brussels
Vienna
St. Petersburg,,
Madrid
_
..
,
.
Messrs.
Feb. 7:
4
6
Feb. 2.
Rank
Open
Rate. Market.
3
3
6
44
*4
44
4*4
44
34
4 5-16
6
6
5
4
4 u;
4*4
74
4 Vi
6
6
nom.
i
......
Copenhagen
Onni
Jan. 26.
Rank
Open
Rate. Market.
3
3
6
44
6
44
5
4
4.14
4*4
7*4
4*4
6
6
nom.
Pixley & Abell write as
44
44
34
6
Jan. 19.
Rank
Rate.
3
7
7
7
5
4
4*4
4*4
714
4*4
6
6
44
nom.
Open
Market.
3
5
5
5
44
34
44
nom.
44
6
follows under date
of
Tndia, the Bank received a somewhat
York inquiries absorbed a small amount.
COLT).— With exceptionally large orders for
smaller portion of the arrivals, while New
The movements of cold at the Bank this week are as
of which £603.000 is from Egypt and the balance
Arrivals—Cape. £306,000: Bombay.
South America.
Brazil, £19.000: West Indies, £0.000: Straits. £.3.000:
follows: Bought, £1.200.000,
Sold, £000.000 for
£128.000; Australia. £12.000;
total. £477.000. Shipments—
Bombay. £153.200; Calcutta, £10,000; Madras. £6.250: total. £100,450.
SILVER.—The market continued very steady until the 2d inst., when, on the
announcement that the Paris Mint was a buyer of 20.000 kilos, coupled'with some
other good orders, the quotation jumped to 31 15-ldd.
On the 4th inst. prices re¬
mained unchanged, but since then, with a moderate inquiry only, we have fallen
to 31 0-10d., to-day’s quotation.
Forward Is now quoted 1-I0d. over spot. The
Arrivals—New
Bombay rate is Rs X01* per 100 Tolahs for the April settlement.
York, £251,000; China, £41.000: West Indies. £5,000; total,r$297.«)00.
Shipments
In bar gold.
—Bomb ly.
£280,100; Madras. £2,5UJ;
.'■qwvpp r'IWoit-e
total, £2 >1.6J-).
428
THE CHRONICLE
[VOL. I.XXX1V,
MEXICAN DOLLARS.—Further
parcels have been disposed of at their
value.
melting
Arrivals—Nil.
Shipments—Bombay, £40,000.
GOLD.
Feb. 7.
I/mdon Standard.
Bar gold, fine, oz
1). S.
gold,
s.
oz
.
(lerman gold coin, oz.
French gold coin, oz..
Japanese yen,
The
77
70
76
70
70
.
oz.
_.
.
.
.
Jan
d.
9
4
4
4
4
reported
follows:
as
31. 1
SILVER.
Feb. 7.
1
London Standard.
d.
9
i Bar silver, fine, oz
31 9-16
4
| “ 2 mo. delivery, oz.3156
4
1 Cake silver, oz
34
4
iMexican dollars..
__nom.
77
76
70
76
70
4
d.
31 ^
31 &
34
following shows the imports of
cereal produce into
the season to date compared
IMPORTS.
Twenty-three weeks.
19013-07.
Imports of wheat
Barley
1905-00.
cwt. 00,513,500
30.805,000
12,580.000
5,191,000
12,490,900
5,429.800
908,035
440,490
..
983.410
535,990
corn
22,201,400
0,535,500
Supplies available
for
1900-07.
30,513.500
0,535,500
13,004,055
01.990.150
59,153,746
28s. lOd.
27s. lid.
30s. Od.
30s. 3d.
00,781,008
Maize
2,150,000
105,000
qrs.
540.000
Lashoeek.
2,005.000
155,000
595,000
1907.
Imports.
1900.
January
-.
00,540,508
1900.
£
January..,
+13.2
Difference.
£
35,070,007
+7,000,175
follows:
as
1907.
Exports.
Per Cl.
Per Cl.
+4.295.790
The re-exports of
foreign and colonial produce since Jan 1.
show the following contrast:
1907.
£
Re-exports.
January
1900.
£
8,793,270
Difference.
+1.347.421
d
.
.
.
.
.
Pennsylvania (quar.)
Street
London,
Week aiding Feb. 21 —
Sat.
Mon
Tucs.
ir«f.
Thors.
Fri.
32
31 4
31 13- 10 31 13-10 314
Consols, new, 2}i per cents
80 13- 10 SO 13- 10 804
80 7-10
80 9-10
For account
87
SO 15- •10 80 4
80 9-10 SO 11-10
French rentes (in Par.)
fr. 95.7214 95.53
4 95.024 95.52 4 95.50
Russian Imperial 4s..
774 '
77
774
77
4
70
Amalgamated Copper Co
118 V
118 4
1174
110 4
l> Anaconda
110
Mining Co
15 V
154
154
154
154
Atchison Topeka A Santa Fe 108
108 4
1004
1004
100 4
Preferred
1021 2
102
102
102
Baltimore & Ohio
1014 «...
118
1 18 4
117 4'
1104'
1104
Preferred
94 4
94 4
94 4
93
93
4
Canadian PaeiOe
192 >4
1944
1924
192
1914
Chesapeake & Ohio
54 4
on
5 1
53 4
534
Chicago Great Western
164
104
104
< ’hicago
104 *
104
Milwaukee A St. P.. 154 4
154
154
4
152
1 >enver A Rio
1514
Grande, com.
40 4
40 4
40 4'
to
384
Preferred
82 V
82 V
824
82 4
824
Erie, common.
374
384
304
30
304
1st preferred
4
74
72 4
73
72
72 4
4
2d preferred
64
04
03 4
02 4
024
Illinois Central
105
1004
1004
100
Louisville A
1054
2
Mch.
14
Mch.
14
24
2
j
]
.
1
Mch.
2
2
jApril
n>
to
Holders or
Holders of
Holders of
j April
3A
I
5
4
2
2
3
2
j
-Vi
]
(qu.)j
j
j
-
common
'Mch.
Mch.
| Mch,
April
Feb.
Mch.
Mch.
5
2
April
April
April
3
Mch.
rec.
rec.
rec.
to
Feb.
Apri
Apri
Apri
to
to
to
Mch.
to
Apri
Feb.
Fob.
Feb.
1
1
ioriuiuers
Feb.
Feb.
Feb.
Feb.
Mch,
Feb.
O)
1 Holders at rec.
1 Feb. 17
to
1 Holders of rec.
] Holders ‘of rec.
1 Holders of rec.
! April
2
2
of
rec.
2SlFeb.
1
9 Mch. 13
1 Feb.
l
L Holders
1 Holders
1: Holders
25 Feb. 14
4 Feb. 21
9 Holders
Feb.
Feb.
to
to
Apri!
•
to
of rec.
of rec.
of rec.
Feb.
Feb
Feb.
to
Feb.
Mch.
Fib.
Mch.
to
Of
rec.
l!
ljMch.
9
lj.Meh.
to
9
151 Holders
Met
Me!
Feb
to
of
It c
Railways.
Chattanooga Railways, preferred (quar.
Columbus (O.) Railway, com.
(quar.).
C.alvcston Electric Co., preferred
Grand Rapids Railway,
common.(quar.
Kansas City Ry. A Light, pref.
(quar.)
Met. WestSlde Elev.
(Chic.),pref.(quar,
Philadelphia Company, preferred
Rochester (N. Y.) Ry., common
(quar.).
Terre Haute (Ind.) Trac. A
Light, pref.
Whatcom Co. (Wash.) Ry. & Lt.,
pref
English Financial Markets—Per Cable.
'Hie daily closing
quotations for securities, &c., at London
as
reported by cable have been as follows the
past week:
Silver, peroz
14
April
Mch.
April
April
Mch.
10
14
14
2^ Mch. 2
2 Mch.
2
2 Mch.
2
4 Feb. 21
1 Mch. 10
iApril
2
j
1
1
1
April
4
Preferred
1
Chestnut. Hill (quar.)
Chicago Great 'Western, preferred
‘‘A”--|
Chicago & North Western,
preferred...j
Cin., New Orl.&Texas Pac., pref.
(quar.)j
Cleve. Cin. Chic. & St. Louis,
common..!
Cleveland & Pittsb. orig. guar,
(quar.).-i
Preferred
West Jersey A- Seashore,
+1S.2
April
Mch.
Mch.
.
£'
.
7,445,855
14’
3
1
—
Southern Pacific Co., common (No.
2)..
Union Pacific, common
PerCt.
Books Closed.
Days Inclusive.
28 Feb.
1 Feb.
1 Feb.
Mch.
Mch.
3
-
Common, extra.
'Feb.
3
3
2
j
Phila. Germantown A Norristown
Reading, 1st preferred
+14.0
When
Payable, i
Railroads (Steam)
North
£
30,774.811
minted in italics.
are
Per
Cent.
Company.
—
£
53,474.333
The exports since Jan. 1 have been
Name of
Special guarantee (quar.)
Colorado & Southern, Hrst preferred
Second preferred
Delaware & Hudson (quar.-)
Erie, 1st preferred
Second preferred.
Illinois Central..
New York Chic. & St. Louis, first
pref
Second preferred
New York & Harlem, com. and
pref
follows:
Difference.
£
Dividends announced this week
j
1905.
2,780,000
145,000
040,000
200,000
015.000
as
now
Alabama Great Southern, preferred
“A”)
Baltimore & Ohio, common
i
Preferred
j
Boston & Maine, common
(quar.)
Preferred
Buffalo & Susq., pref. (quar.) (No. 19)_.
Canadian Pacific, common
9d.
20s. 1 Id.'
2.040,000
1900.
£
20s.
wheat, flour and
The British imports since Jan. 1 have
been
convenience
enlarge the scope of the
compilation
dividends previously declared
but the
we
important corporations.
on
20s. 3d.
20s. 3d.
qrs.
qrs.
readers
so as to show also
date of payment of which has not
yet arrived.
In the new
form the statement indicates all
the dividends
announced
for the future by all
large or
11,069,024
..50,713,055
This week.
our
23,740,297
1903-04.
40,105,901
11,007.024
9,008.083
Kingdom:
Wheat
20,123,200
5,317,420
1904-05.
45.507,000
5,317,420
8,329,320
The following shows the
quantities of
maize afloat to the United
Flour, equal to
5,843,200
1,041,251
774,700
1905-00.
30,805,000
7,388,000
17.742,550
cwt
Total
Average price wheat, week.
Average price, season
7.388.600
1903-04.
40,105,901
18,009,308
7,428,498
1,100,809
1.114,358
consumption (exclusive of .stock
September 1):
Wheat imported
imports of Hour
Sales of home-grown.
20.125,100
1904-05.
45,507,000
12,700,500
making up our weekly
record has included
only
announced each week, but for the
the dividends
of
nom,
1
DIVIDENDS.
We have changed the method of
list of dividends.
Heretofore our
Jan. 31
d.
s.
the United Kingdom
during
with previous seasons:
()ats
Peas
Beans
Indian
Flour
are
14'
14
3
1
14
4
24
l
3
3
Mch.
Mch.
Mch.
Mch.
Mch.
Mch.
Mch.
Mch.
Mch.
Mch.
Holders of
rve.
1 Holders of
rec.
1
i
The quotations for bullion
Feb. 18
Feb. 14
I! Holders of rec. Feb. h
1 Holders of rec. Feb.
15
l1Feb. 19
to
Mch. 1
30iMch. 22
to
April
4
1 Holders of rec.
1! H ol tiers of rec.
11 Holders of rec.
] Holders of rec.
Feb. 9
Feb. 20
Feb. 15
Feb. 15
1 Feb.
Mch.
.
..
Ranks
Chemical National (bi-monthly)
Miscellaneous.
Adams Express, extra
Amalgamated Copper (quar.)
--
Extra.
_
.
..
Preferred
National RR. of Mexico
N. Y. Cent. A Hud. Riv
N. Y Ontario A Western
Norfolk A Western,
a
89
So
44
57 4
734
25
43
73 4'
57
574
159 4
First preferred
Second preferred
Rock Island Co
Southern Pacific
Southern Ry.. com
Preferred
Union Pacific, com
.
Corp..
084
63
40 4
404
274
n
404
404
274
.......
28?
ss
Preferred
Wabash
1084
1584
07 4
034
158';
404
46' a
404
27
07
024
k
SS
1804
474'
1084
•
108
17.4
174
334
72 4
72 4
1374
25
43
73
57 4
131
-
1574
07
024
464
404
20 4
90
2 71«»
87' i
87
--
_.
.
1784
934
93
404
1074
174
108
33 4
32
72
.
.
.
v
5
4
other securities the
Stocks.
Co
com.,
-
8
00
14
1
each
90
570
pref-100
195
98
80
25
Co.,
$3 lot
,97 4
Stocks.
Bowling Green Trust Co.,
(old stock)
10 X. Y. Prod. Ex.
Bank
240
171
Bonds.
$20,000 X. Y. City 3 4s (School
Houses & Sites) 1942.
M. &
,
X
_90 3-10 &lnt
$0,000 City of X. Y. Assessment
3 ’is 1914.
M. & N.90?« & lnt._
$4,000 Bklyn. City & Xewtown
RR. 1st M. 5s 1939.
J. & J.105.4
Telegraphone Co..
$15,000 Raritan River RR. Co.
$10 each
$05 lot
1st M. 5s 1939
103 Js
lawyers’ Title Ins. & Tr.Co.272
$775,000 Xew Jersey
Monarch Biscuit Co.. $59 A
per sh
Dock & Imp. Co. 5sTerm.')
1925 |
Xat. Bank of No. America.-261
Oct. 1906 coupons on
Adirond’k League Club
)$170,000
$570
| 5,525 New Jersey Terminal I
Dock A Imprt. Co
.!
10 Amer.
,
$25
273
205
com
2 Title Guar. & Trust Co
4 Royal Bali. Pwdr.
Co.,
5 Amer. Chicle
Co., com
1 Amer. Chicle
Co., pref
4 Xat. Licorice Co.,
pref
2 Nat. Licorice
Co., com
3 Ry.
Automatic Sales
20
to
14
!
1
(E.I.)duPont deNom’rsPow. .com. (quar)
,
I
April
1
Mch.
1.4 Mch.
14 [Mch.
14 A pr.
24 iMcli.
1
April
1
15
1
In*
19
Mch.
14 Mch.
50c. Mch.
1
Mch.
A Mch.
Mch.
34
: Mch.
l
2 L.;
Mch.
14
24
14
Eastman Kodak Co. of X. J com.
(qu.);
Preferred (quar.)
i
General Asphalt, preferred (No.
3)
General Chemical, common
Greene Consol. Copper
(ni-mthlv)(No.21):
Independent Brew. (Pitts.), pref.
(quar.)j
International Silver, preferred
(extra)., j
Kings Co. Electric Light Sc Power
(qu )i
Lord A Taylor, preferred
1 •_
Milwaukee & Chicago Breweries, Ltd
I
National Biscuit, common
(quar.)
i
Common, extra
!
Preferred (quar.)
Nat. Emm. A
Stamping, pref. (quar.)
;
National Lead, common
(quar.)
j
National Lead. pref.
(quar.) (No. 01)
1 Holders of rec. Mch.15a
Mch
5
lo
Mch. 15
Feb. 19
to
Mch.
1
Mch. 0
to
Mch. 15
Feb. 22
to
Mch.
3
] Feb. 10
to
Mch.
1
Mch.
»)
1
2
4
!
ljFeb.
19
to
1 Feb.
19
O)
15 Feb. 27
15 Mch.
0
15 Mch.
0.
1 Mch
1
Mch.
April
April
1 Mch.
to
to
to
1
to
Mch.
Mch.
Mch.
Feb.
Mch.
Mch.
Mch.
Feb.
1,Feb. 24
to
4 Feb. 24
to
25 Mch.
1
to
14
25 Feb. 10
to
1
1 Feb. 17
to
0
1;Feb. 20
to
3
1 Feb. 24
to
•
28 Feb. 15
34
to
14 April 15 Mch. 29
to
1
April 15 Mcli. 29
to
14 Feb. ' 28 Feb. 15
to
14 .4 pr.
1 Mch. 13
to
1
A pril
1 Mch. 10
to
14' Mch
15 Feb. 20
tx*
Nlles-Bement-Pond, common
t
Vic Mch. 20: Mch. 15
to
North American (quar.)
:
Mch.
1 Holders of rec.
14
People's Gas Light A Coke (quar.)
Feb.
14
25
Feb.
10
to
Pressed Steel Car, pref. (quar.)
(No. 32)
14 Feb.
27 Feb.
7
to
Quaker Oats, common (quar.).
14
April 15 Holders of rcc.
Common, extra
April 15 Holders of rec.
Preferred (quar.)
14 Feb.
28 Holders of re<Quincy Mining (quar.) (No, 79)
$4.50 Mch. 11 Feb. 24
tx)
Railway Steel Spring, preferred (quar.)..1
Mch. 23 Mch. 10
14
lo
Republic Iron & Steel, preferred
(quar.). i
14' April
1
Preferred (extra)
2d
April
1
Rubber Goods Mfg.. pref.
(quar.) (No.32)
14 Mch. 15 Holders o-f rec.
Sloss-Sheffield Steel & Iron common
1 4
Mch.
1 Feb. 20
to
Standard Oil (quar.)
Mch.
15 Holders of roe.
J $15
United Cigar Mfrs.; prof,
(quar.) (No 3).1
Mch.
14'
1
Feb.
19
Ixi
U. S. Cast Iron P. &
Fdy., com.
—
.
.
..
.
.
-
(quar.)
(No. 6)
Preferred (quar.) (No. 25)
U. s.
ReductionARefining, pref.(quar.).
U. S. Steel
Corp.,eom. (quar.) (No. 13).
Preferred (quar.) (No. 23)
-
a
Transfer books
terly installments.
payable June 20.
not closed,
1
14
Mch.
Mch.
l1'.
April
1 '
Mch.
Feb.
14
Mch. 1
Mch.
1
Mch. 15
Mch. 15
Mch. 15
M< b. 15
Veil. 1
Mch. 4
Mch. ltl
Feb. 24
Mch.
1
Fob. 28
Mch. 1
Feb. 28
April 1
April 15
Feb. 28
Apr.
1
Mth. 21
Mch. 15
Mch. 20
Feb.15c
Feb. 25
Feb. 26
April
\pril
5
5
Feb.
18
Mch. 11
Mch. 22
.
.
.
-
-
-
-
Mch. 8
Mcli.
1
Feb. 20
Mob. 3
'
Feb.
9
Feb.
9
Mch. 21
.30 Mch. 10
28 Feb.
7
1
1
1
1
1 Holders of rec. Feb. 14
25 Jan, 25
to
Feb. 10
25:Jan
25
to
Feb. 10
1 Feb. 19
to
Mch. 1
Feb.
1
19
lo
Mch.
1
1 Holders of rec. Mch.
16
15 Holders of to:. Mch. 1
20 Feb.* 9
to
Feb. 25
30 Mch, 24
to
Mch. 30
30 Mch. 24
to
Mch. 30
loTIolders of rcc. Mch. 31
1 Feb.
17
to
] Feb. 10
to
Mch. 3
1 Feb. 22
to
Mch. 3
2 Mch. 3
hi
.1 nr.
2
1 Feb. 10
to
Mch. 13
.
Sales.—Among
Flatbush Trust Co
4 Amor. Caramel
Co.,
j
1
Mch.
Feb.
Mch.
Mch.
1
1
Amer. Seeding Machine, com.
(quar.)..:
American Shipbuilding, common
(quar.).'.
Amer. Smelters Sec., pref. *‘A”
(quar.).!
Preferred *‘B” (quar.) (No. 7)
f
American Sugar Ref in., corn. A
pref. (qu ) j
American Tobacco, common
(quar.)
j
American Writing Paper, preferred
Barney A Smith Car, common (quar.)
Preferred (quar.)
,
Borden's Condensed Milk,
pref. (quar.).. j
Butte Coalition Mining
April
4
0
.
104
b £ sterling.
Guggenheim Exnlor.
l
(quar.)—|
extra
.
....
47
72.4
-
following, not
regularly dealt in at the Board, were recently sold
at auction:
By Messrs. Adrian II. Muller & Son;
5o
3
Rutterick Company (quar.)..
Central Fire Works, common
Preferred
Consolidated Gas of Neic York (quar.)...
Diamond Match (quar.)----
No
4JorarxcrciaI anti IRisccihmcousJXcurs
Auction
-;
American Graphophone. common
(quar.). i
American Locomotive, common
(quar.).,
American Radiator, common
..
40
88 4
954
27 4
1774
94
33 4
Price per share,
O
25
—
274
h
4
85
484
17
Debenture Bs
88
183 4'
94 4
48
com
132
40
89
85
90?
SS
182'.I
1324
40 4
404
27.4
274
974
97 7 4
138.4
25
45
74
85
084
04-4
a
a
1384
254
1334
404
89 4
404
..
com
Pennsylvania.
Reading Co..
U. S. Steel
140
74
57 4
133
Preferred
a
i
-
.
Nashville.
140
Mexican Central
25 4
Missouri Kan. A rex..oom.. 45
Mch.
Feb.
Feb.
Mch.
Mch.
14
1
Common,
-
•>
—
4
American Coal
Special
American Express..
--
..
2 4// Mch.
.
tx)
fX)
to
to
to
Feb.
Feb.
28
28
April
1
April 15
Feb. 28
b N’ine per cent declared for
year, payable in quar
dOn account of deferred
payments,
c Also lA7o
declared
* On Capital as increased.
Feb. 23
1907.]
THE CHRONICLE.
Statement, of New York City Clearing-House Banks.—
following statement shows the condition of the New
York ( aty Clearing-House banks for the week ending Feb. 16.
It should be distinctly understood that as to all items except
The
capital and surplus the ligures
the
are
reporting loans and deposits and holdings of
specie and legal tenders, the practice is to take the aggre¬
gate of the amounts for the several days of the week and
divide this aggregate by the number of days.
l-N
Bo nks
■ 28
Capital.
ciphers (00) in all
i
Loans.
Surplus.
cases.
!
Specie.
!
Legals.
Deposits,
S
2,0 )0,0i
2,050,0
2,000,0
3,000,0
1,500,0!
1
115
■
Bank of N. Y-Manhattan Go.
Merchants
Mechanics’
l<>
■
2
■_2
■_>
America
1■ ii
1
-
1
1
]
9
Phenix
City
1..
|23
Commerce
y
Mercantile
Pacific
Chatham:
''
|28
20
1
1
15
People's
20
-a
Metropolitan
31
31
21
Park
East River
Fourth
Second
first.--
..
—
.
lerinan-Amer
Chase
<
_■
Fifth Avenue
German Exch
Germania
Lincoln
< iarftold
Fifth
.
Metropolis
,
8,213,7
100,0
200.01
200.0:
1.840.5,
814,1
500,0;
1,407.1
930,5
1.000,0
(
Ex.j
New Amsterri’mj
Astor
j
State
0,993.1
200,0
1,000.0
300,0
1,334.5
450.0
1,000,3
840,2
1,303,8
087,0
1,000,0;
2,200,5
1.000,0;
1.000,0
571.4
202,2
250,0
1.000,01
..
1st Nat.,Bklyn.i
Liberty
1
?
1.480.1
809,2
4.707.0
1.202,9
118,0
.
..
X. Y. Prod.
352,5i
1,873,7
19,909.9
523,0
778,2
831,5
003.8
4,430,1
..
:
West Side
Seaboard
V
772.7
1,029,1
400,32,240.0
S.173.0
879,0
3.101.1
350.0
.
25
30
30
d
14.295.01
4,903,0
250,0'
5,000,01
...
14
10
10
1
1
16
1
153.8
380,9
040,9
4,802.4
500,010.000,0
l,000,0i
250,0
200,0:
750,0
Bowery
N. Y. County..
1
2,390,4
3.000.0;
....
.
4
9
20
15
15
7,999,5
499,5
500,0
1.000.0
2,000.0
3,000.0
750.0
1,500.0
3.000,0
N. V. Nat. Ex.
i
21,029,3
2.550.0
Imp. A Traders’
;
4,083,8
410.0
2,000,0
3,000,0
Corn Exchange.
Oriental
—
is
14
fi
15
1
1,537,8
3,624,0
200.0
North America.
Hanover
Citizens’ Cent’l.
Nassau
Market A Fult'n
1!)
3
2,803,7
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
....
1.000.0
,
!
$
S
s
I
17.S49.0I
2.560,0 1.535,0 1
21,294,01
3,789.0 2,365,0 j
12,844,5
907,0 !
3,090,8
21,070,0
3,415,0
1,870,0
23.540.5
4.302.4 2,207,3 ;
8,000,0
1,803,0 1
109,0.
151,110,3 22,021,9 ! 9.968,2
24.012,5
4,067,1 ! 1.701,8'
1,230.2 1
5,505,31
230.2
8,402,2
1,090,2 i
589,7
2,239.4
496,2 !
82,4
0,237,0
974,0.
757.0
5,007.5
350,0 i
1,046,1
27,074.0
907,8
3,364,01
143.123,7 20,413.610,710.1!
21,905,3
3.784,7 I 1.120,4
3.299.1
204,0
412,3
5,825,3
850,5
789,5
2,140,2
383,0
252,9
17,402,5
3,949,0 1.159,5
54,479,8
9.625,0 0,448,8
20,229,3
2.999,5 1.948,3
147*1
3,573,1
018,4
7,050,5
1,430(0
054,0
10,079,0
2,130,3
191,7
37,567,0
7,148,0 4.021,0
9.921,2
1,882,1
398,0
•24,848,7
4.081,0
1.113.0!
73,249.0
17.108,0: 4.388.0
1.400,2
220,3
159,21
19,059,0
3.575,0 2,222,0
9.744.0
1,058,0 1,325,0
88,181.7 16.507,2 1.918.1
10.621,5
3,578,0
825.0
3.885.0
050,0
194,0
5.417,7
989,0
494,5
4,300,0
181,2
754,2
49,039,3
11.872,7
1.103,9
10.877,8
2,450,5
000,2
3,270,0
100,0
930,0
4,758,4
792,0
844,0
2,054,9
1.158,3
12.834.5,
7.680,4
1.936,5
317,5
3.099.5
015,0
194,3
10,338.2
847,9
1,139,0
522,0
500,0
4.333.0;
18,952,0:
3,859,0
1,783,0
4.809,0'
094,0
003,0
12.720.2' 1,993,3
521.4
0.092,0
470,0
1,301,0
5.104.1
880,0
454,1
5.354,0
1.191.0
205,0
12.579,0! 3,004.0
190.0
S
2,912,2,
1,000,0
25.000,0
Chemical
Merchants’ Ex.
Gallatin.
Butch. AT trover.
Mech. A-Traders’
Greenwich
\mer. Exch...
1
a
(ML- omitted.
■ 28
■
705.fi1
504.0
16
123,450,0| 158.484,0 1092,001
1
.oj 192.107,5 [TT),050,1
%
s
20.0
14,959.4 27.1
20,773,0 25.4
25,409,2 25.0
23,635,0
Total United States
We omit two
j Capital
Banks
and
week
120,820,6
22,391,2
5,732,5
0,244.1
25.7
26.0
25.5
New Yorki
$
Jan. 19._ 279.704.0*
Jan. 20.. 277.783.4
Feb. 2.. 277.783.4
Feb.
9.. 281.934,0
Feb. 16.. 281.934.0
Boston.
Jan. 20—1 43.680.0
Feb. 2—1 43.G80.0
Feb. 9._| 43.080.0
Feb. 10--! 43.080.0
Phila.
[
Jan. 26—
51.165.0
Feb. 2—| 51.105.0
Feb; 9._ 1 51,105.0
Feb. 10 —j 51,105,0
*0a pir
Sur¬
Uil.
on average
(00) in all
19.500,8 22/2
121,089,9125.0
18,109,1 27.1
3,758,9 17.9
5,940,5 27.7
2,525,8 25.1
17,798,5 28.0
02,245,8 25.8
19,928,8 25.0
3,974,7 19.2
7,423.1128.0
9,912,0123.4
43,589.0 25.0
10,265.5
>»>
»>
21,515,0 24.1
82,590,0 20.0
1,041,0 23.0
71.995,8 25.5
10,793,5 20.2
4,255,0' 19.8
0,420,4 23. i
4,250,5 22.0
52,223,2 25.0
11,959,3 25.4
4,270,0 25.5
0,108,0 20.5
13,441,5 23.9
8,229,0 27.3
3,224,7 25.1
9,779,8120.3
4,559,0;23.7
22,286.0 25.3
5.010,0 25.8
10,801.6 23.0
7,027,0 25.2
5.830,1 22.8
5.500.0 20.4
15,289, (P25.2
Wash, ll'g’ts
Century
.
.
Chelsea Exch
Colonial
8
.
1
.
Columbia
Consol. Nat
S
1
Fidelity
5
1
1
14th Stm-t..
Hamilton...
Jefferson
Mt. Morns,.
Mutual
19th Ward
Plaza
Riverside
12th Ward,.
23d W ard.
I'nlon Exeli
Yorkvi lie
Coal A I Nat.
2,4th St. Nat
Batt.Pk.Nat.
Borv'opi oj
...
>
>
.
r
.
)
.
.
i
)
.
.
>
-
Hro
plus.
Loo ns
and
In vestmen Is.
.
.
..
Nat'1 City
North Side
I'nion
Jersc\ City.
First Nat
Hud. Co. \'al
Third Nai
Hoboken.
First Nat
Second Nat
I
?
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
2(H).0
100,0
750,0
$
108,8
152,0
98,8
405,4
430,7
1,108,2
148.4
108,1
225,7
035,0
1
18.561.0
18,935.0
18,009.0
5.527.0
4.922.0
4.321.0
4,450,0
17,330,0
21S.S01.0
218.420.0
210,348.0
213.901.0
8,454.0
8.479.0
8.401,0
8.504.0
179.240.7
172.152.3
109.783,9
173.998.9
144.000.6
155.002.4
132,650,0
123.350.9
219,085.0
59.770.0
220.795.0
221,417,0
58.402.0
55.050.0
253.041.0 13.912.0
253.245.0 13.914.0
245,063.0 13,SOS .0
223,328,0
55,509,0
252.226,0 13,,867,0
Imports and Exports for the Week.—The following are
for the-week ending Feb. 16: also
of the first week in January:
FOREIGN IMPORTS AT NEW YORK.
1
For week.
1907.
Dry Goods
$4,522,392
11.913.79S
General Merchandise
Total
Since
...
Dry Goods
Total 7 weeks
1904.
1905.
$4,105.3801
$3,374,859
13.397.007]
12,919.713
17,503,047j
$3,300,002
11,871.091
$10,430,190
$
$10,294,572
$15,177,753
$28,178,974
80,702,701
$25.945.338! $22.890,331
75.348.208 j
81.903.842
$20,303,409
SI 14.941,075 $ 101,293.000■ $ 104,794.173
SS0.033.S53
January 1.
General Merchandise
|
1906.
05,730.384
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending Feb. 16 and from Jan. 1 to date:
EXPORTS FROM NEW YORK FOR THE WEEK.
1907.
1900.
...
For the week
$11,037,951
Previously reported
$
74.530.158
1905.
!
-
1904.
12.211.570i
$ 11.070.558
77.351.144;
58.090.229
$8,749,152
63.131.725
$09,160,787
$71,880,877
i
Total 7 weeks
$80,108,109
$89,502,720
The following table shows the exports and imports of
specie at the port of New York for the week ending Feb. 16
and since Jan. 1 1907, and for the corresponding periods in
1906 and 1905:
EXPORTS AND IMPORTS OF SPECIE AT NEW YORK
Exports.
daily results.
Specie.
and
Bank
Notes.
;
;
Week.
Franco
Other
Net
Banks.
&c.
Deposits.
A gait.
$5,0001
Total 1907
Total 1900
Total 1905
$320,1761
970
1.053,880
$5,970
1,954.5(H)
904,300
$1,380,055
3.008.375
28,202,105
..
ing
Since Jan. I
$480,650
45,000
$487,015
45.000
4,039
2,222
38,000
17.850
70,751
..
West Indies
Mexico
South America
All other countries
Clear¬
Week.
\Since Jan. 1
(iroat Britain
Germany
Deposit with
Imports.
Gold.
for the
Tauter
100.0
1.383.7
1,031.9
4,430,0
0,379,0
0,914.2
1.183,0'
5,818.1
5.250,9
4.215.0
189.3
2,775.1'
3,419,0
3.887.5
3.924.0
1.797,0
2,351,0
1.770,0
104.9
780.3
383.2
575.0
200.3
119.2
200.0
200 0
985,0
200.9
250.8
318.3
108,5
200,2
500,0
$
$
03,0 1
57,7
49.4
.343.51
232,0
77.4 !
249,9
325,1
230,0
319,9'
134.2
405,9:
330,5
283.0
155,0
230,0
190,9
288,4
8,1
138,5
21.3
20,8
295,0
40.0
()5,7
300,1
70,5'
$
78,2
54,5
500,7
512,0
300.0
87,1
412,7
233.0
194.4
344,0
309,8
400.8
175,0
110.9
304.3
491,0
344,3
225,Oj
043.0
121.8
25,0
4.080.4
39,8
18,5
150,0
408,7
10,494.0
251.0
211.8
240,7
91,0
118,0
781.5
457,0
432,0
120,3
060,0
3.359,1
4.904,0
1.393,1
782.7
44.0'
177.0
f) ,f)
%
104,0
215,0
150.2
040,8
123,5
09,7
09,7'
29.8
178,0
207,8
490.6
453,3
314.4
174,0
58,1
01,3
200,0
142,2
$
809.7
1.291.8
1.323.0
5.108.7
0,778.0
5,342.0
1.172,7
0,744,1
5,903.0
4,187,9
3.324.0
3,730,4
4.521,4
4.223.0
2.042,0
2,700,0
112,5
08,0
00,0
05,0
...
.!
2.102.0
7.351.7
3.827,7
4.404,0
1.543.5
039,1
Great Britain
France
200 0
150.0
300.0
252.0
1,000.0
750,0
3(>:i.O;
150.0
408.5
104.0
704.0
943.8
918.2
014,3
100,01
209,1
1.000,0!
1.077,1
400*0
250,0
200,0;
2,830.9
2.700.0
1.877.0
0.330.0,
3,204.0
1.090.2'
9,949,0
224,0
125,0
23,9
330,0
105.5
274.4
311,8
050,2
1,252.8
020,0
939,0'
53.9
2,710.0
1.100,3
712,0
341,2
4.092.3
2,553.0
1.838.2
194.5
101.2
44.8
310.9
80,0
95.0
2.230. P
580.3
191,9:
2.245.9
1,000.7
109,3
50,4
10.0
55,2
159,0
06,9;
153.0
540.1
117.4
85,0
34,4
3.091 .2
2.981,0
182,0
5.052.4
12.040.0
5,544.0
4,333.0
1.925,5
174,7
170,0
285,5
1.598,0
125,0
0.008,0' 7.977,5
5,850.7 7.327,5
5.855.0
7,192.0
1
0.093.8
2,209,8
2.205,0
80.7
74,0
1,901,5
1,041.8
15,947,8 0.407,2 145115,0
7,291,3 142557.1
14.428.2| 0.914.0 142147.4
15,259,5]
!
..
$593,773
15,589
23.614
363.997
40,394
$1,029,778
09.041
$077,000' $4,054,001
—
..
274.866
477.320
$1,022
|
i
.
West Indies
Mexico
South America
A11 other countries
'
8,000
19.589,
1
..
1,323,734
537.151
$0,441
4,115
5.181
|
1.947
<4.074.250'
9.391,848
4.050,3941
$20,084
..
Total J907
Total 1900
Total 1905
11,725
5.133
15.214
137.941
194.258
4,003
$.352,438
339.140
101.797
Of the above
imports for the week in 1907, $200 wore
coin and $44 American silver coin. Of
the exports during the same time $5,000 were American
gold coin and $9,000 were American silver coin.
American gold
faulting ami Financial.
We shall be
circular
trust
pleased to mail investors copies of our 10-page
Notes and Collateral
describing 57 Short-Term
Bonds.
Spencer Trask & Co.
13,803,0
735,0
212,0
30,9
|
110,0
2.188,9
_
(Jermnny
1
Total Feb. 10 11237,0 15288,9 131945.fi
Total Feb. *» 1 1237.01 15288.9 130179.0
Total !VI»
2 I 1237.0 15257.3 131065.2
$
11,9
25.1
74.2
91,0
200,0
890,1
15.7
13.4
7.711.1
iklgn.
Boromrli
Broadway
Brooklyn
Mfrs.' Nat
Mechanics’
Nassau Nat
'
1S4.705.0
187.S10.0
187,751.0
185.440,0
Silver.
Man.A-Hr'x.
4
1
$
$
$
1042.434.4 53.031.9 2,181,845,2
1007.011.0 53.543,7 2.083.701.7
1070.720.0 53.185,4 2.112.005.5
1005,502,5 53,334,8 1.940,530.1
1057,540.2 53.194.3 1.750,303.5
the imports at New York
totals since-the beginning
City.
Boroughs of
1
4
$
$
$
1063.957.3 192,010,6 80.458.7
1085.985.4 190.S73.2 85.442.5
1097.837.5 197.800.3 84.013.8
1099.350,4 190,382,1 79,354,4
1092,061,0 192,107.5 70.059,1
Clearings
1057,540,2 25.4
N. V.
11
Circu¬
lation
a
22,001,0120.3
9,229,0 25.7
cases.
.
5
Deposits,
a Including for Boston and
Philadelphia the item ‘ due to other banks” and also
Government deposits.
For Boston these Government deposits amounted on Feb. 10
to S3,825.000, on Feb. 9 to $3,994,000.
a
Legal j
Bonks.
Legals.
27.0
2,330,5 24.8
7,186,0 24.2
0,200,5 22.4
condition of the non-member banks
ending Feb. 10 1907, based
i
Specie.
deposits included, $15,191,500.
We omit two ciphers
5
5
Loans.
Surplus.
Reports of Non-Member Banks.—The following is the
statement of
ciphers (00) in all these ligures.
7.511,0i26.2
1
*
a
Re¬
s’rve
15,873,0 25.8
.
Totals
ligures do not include results for non-member banks:
In other
in
We omit two
City, Boston and Philadelphia Banks.—Below is
summary of the weekly returns of the Clearing-House banks
of New York City, Boston and Philadelphia.
The New York
a
of the daily
averages
results, not the totals at the end of the week.
words,
New York
420
Branch
Office, Albany, N.Y. William and Pine St8„ New York.
Moffat
&
White
Member* New York Stock Exchange.
5 NASSAU
STREET.
HANOVER BANK BUILDING
Dculcrt In Investment Securities.
COMBIISS ON ORDERS EXECUTED
FOIt CASH ONLY
I
1
[VOL. LXXXIV.
THE CHRONICLE
430
IBimluers*
For Dividend see page 428.
Wall
Street, Thursday Xight, Feb. 21 1907.
Money Market and Financial Situation.—Little, if
any, more importance attaches to Stock Exchange operations
The
this week than for some time past. Prices have declined
about as much as they advanced last week, and the volume
of business has varied widely from day to day with dominant
influences practically unchanged.
Money market rates have,
perhaps, hardened slightly, at least they have shown a
tendency in that direction. Foreign exchange continues at
the low level previously quoted, but no gold has been re¬
ported engaged for shipment to this port.
Some interest has been aroused by the announcement of
borrowing by railroad companies and the rates paid in some
cases; also by the utterances of prominent railway officials
as to a somewhat
widely prevailing sentiment of criticism
or hostility towards railroad
management throughout tliecountry and the effect of such sentiment upon the-efforts of
railway officials to finance and improve the properties under
Of course it is well understood that the utter¬
their control.
ances referred to have especial significance, coming as they
have from the Presidents of the Great Northern and the
Delaware Lackawanna A Western systems.
The market for railway and industrial bonds has been
exceptionally dull and featureless. The volume of business
has been much smaller than the recent average and few
important changes are noted in quotations. Brooklyn Rapid
Transit, Interborough-Metropolitan. Wabash, Pittsburgh
Terminals and the Atchisons are an average of about a
point lower than last week, and nearly all other relatively
active issues arc fractionally lower.
United States Bonds.—Sales of Government bonds at the
Board include $4,000 4s coup, 1925, at 120y>,•; $1,0004sreg.,
1907, at 101)/2, and $20,000 3s. coup., 1908-18, at 103%.
following are the daily closing quotations; for yearly
range see third page, following.
The
1
!
mltrust
Fib.
|
Feb.
Period.
10
j
18
jq
-Jan
registered
1930
1930.1.
coupon |Q-—Jan
1908-1918
registered |Q -Feta
1908-1918
couponjq —Feb
1908-1918. .small coupon Q —Feb
Jan
registered (}
1907
Jan
1907
coupon
Feb
registered Q
1925
Feb
1925-...coupon Q
1930 Panama Canal couplQ -Nov
,
.
.
._
.
,
.
..
.
.
,
...
—
.
—
,
-
.
*
Feb.
19
20
*105V*105V *105*.;
>
Fib.
1
I 21
105 V 1*105 V,
Feb.
22
2
j*105V >105 V -*105V * 105 v >105 V
102 V i*102V
,*102V *U>2V *192V
'*102 V i* 102 V * 103 V *103 V 1 1035s
* 102
>102 v 1*102 v *102 V
V 1*102V
1*101 V *101 V 101! '. ,*191 V !*I0P$
‘*101 V *I01V *1011.. *10112 ,*101V
* 129
i* 129
*129
*129
>120
1*129
j 129:Jx)*l2‘J >120 >129
>104 V >104 V >105
j*105 >105
1
1
i
*
bid at the morning hoard:
This is tlx' price
Feb.
;
Railroad and Miscellaneous
has again been irregular but
no
sale
was
‘
II
O
L
1
1)
A
5'
made.
Stocks.—The stock market
generally weak, and closing
market rates for call loans on the Stock Ex¬ quotations were an average of about 2 points lower. The
change (luring the week on stock and bond collaterals have advance movement
noted as in progress last week con¬
ranged from 2 to 5%%. Thursday’s rates on call were tinued until Monday, when the highest prices were generally
2(3)5)'4%. Prime commercial paper ([noted at 5%(u'(>% readied. Tuesday’s market was by far the most active,
for endorsements and 5%(a;■(>% for best, single names.
made so largely by liberal offerings of a few prominent
The Bank of England weekly statement on Thursday
This was dont' with little apparent regard to the
issue's.
showed an increase in bullion of £1,293.987, and the per¬
('fleet upon prices, and as a result Union Pacific sold over 5
centage of reserve to liabilities was 48.00, against ,50.29
points lower than on Monday, Reading nearly 5, St. Paul
last week.
over 4, and Pennsylvania. Now York Central, North West,
The discount rate remains as fixed Jan. 17 at ,5%.
The and Canadian Pacific from 3 to 4 points lower. Naturally,
Bank of France shows an increase of 2,27)0,000 francs in there was some reaction from the lowest-, but full
recovery
gold and 97.5,000 francs in silver.
has not boon made in any ease.
There have been almost
NEW YORK CITY CLEARINC-IIOL’SE RANKS.
no exceptional features, practically every active issue having
!
followed, more or less closely, the general trend of the
Dijjerences
j
market.
The miscellaneous list has been relatively steady.
19051900.
1907.
jro/n
Feb. 18.
Ftb. 17.
Ftb. 10.
previous week. 1
Anaconda Mining covered a range of only 9 points as against
nearly 20 last week. The United States Steel issues have
•s
S
$
$
1 15.972.700
110.172.700
lost about as much as the gain noted last week.
123,450.000
Other
1135,951
100
144.901.100
1;»N,48-1,000
|
surplus..
stocks in this group have fluctuated within narrow limits.
Loans and discounts
1.092,001.000 Dec. 7,295,400 1,052,380.00011,130.012,100
For daily volatile of business see page 440.
42,852.100
50,970.200
Circulation
53.194.300! Dee.
140.500;
The open
■
•
'
•
„
.......
.
Net deposits.
Specie
Legal tenders
Reserve held
...
.
.
..
S,010.300 1,048.033.100 1,192,555.900
220,953,800
188,509,900
1.785,400.
80,380.000
79,438.300
2,704,300!
al057.546.200 Dec.
192.107.500 Inc.
70 .*‘.50.100 Dec.
268,817.000 Dec.
..
•
1,085.175
4.431,05oj Inc.
Surplus reserve
918,900!
2,004.075!
204.380,550; Dee.
25V "f deposits
1
207,948,200
202.158,275
307.343,400
5.789,925
9,204.425
298.138.075
$15,191,500 Cinled Sl.U a deposits inclmicu. ag.tniM $i.».-«4.v.nttt i.~t ween .nut
$8,573,100 the corresponding week in 1900.
With these United Slates deposits
eliminated, the surplus reserve would he SS.228,925 on February lti and $7,215 450
a
on
Feb. 9.
Xotc.
—
Returns of separate
hanks appear on the preceding pace.
Foreign Exchange.—The market was lower and compara¬
tively inactive this week, (’ommercial and security bills
were in good supply and the demand for
remittance was
small; gold imports from Europe $307,0.58.
To-day’s (Thursday’s) nominal jrates for sterling exchange
were 4 81 %(u 4 82 for sixty-day and 4 S.5%(a 4 SO for sight.
To-day’s (Thursday’s) actual rates for sterling exchange
were 4 8030(d.4 8040 for long,~4 N l.50((/ 4 8400 for short and
4 8520(3/4 8530 for cables,
(’ommercial on banks 4 80(3
4 8010 and documents for payment 4 79•}s(<’ 4 SO5*.
Cotton
for payment 4 79%(a 4 79%, cotton for acceptance 4 80(3
4 8010 and grain for payment 4 N0%((/ 4 80%.
To-day’s (Thursday’s) actual rates for Paris bankers’
francs were 5 23%G 5 22%« for long and 5 21 1 {a(a 5 21 %V
for short.
Germany bankers’ marks wore 93 13-10(e 93)7x
for long and 94 7-10(// 94 1 od for short.
Amsterdam bankers’
guilders wort* 39 92(3 39 94 for short.
Exchange at Paris on London to-day 25f. 2S%tv; week’s
range 25f. 2S%c. high and 25f. 20c. low.
The following si lies have occurred this week of shares not
our detailed list 011 the pages which follow:
represented in
f
SaI<
STOCKS.
Week
s
Range for week.
ending Feb. 22.
Week.
Lowisl.
Alice Mining
491
SO
Feb
351
49
Fob
A.nor Malt Corp, prof
Roth Stool Corp. prof..
205 50
Feb
Chic Mih.v A- St Paul instalhn't ctfs loq paid
488 132
Feb
do
2.15;: li4
Feb
prof 01 f-; 10‘; pd
Comstock Tunnel...
12,159 33c. Feb
Consolidation Coal.
109 931-i Feb
Corn Products Co
Feb
100 15
Federal Sugar
300 55
Feb
Preferred
519 S3
Feb
< Sonera! Chemical, prof.
Feb
10 103
Ill Cent leased lines stock
38 98 V Feb
Manhattan Reach
100
5
Feb
N V A- N J Telephone.
0754 14V Feb
Ontario Silver Mining
8
Fob
0.100
Rome Wat & Ogdens
12 125
Feb
So-MA-O stock trust ctfs.
100 94 V Feb
Standard Mining
500 S3 V Feb
United Cigar Mfrs. prof.
Fob
320 92
Vanddia
33 85 V Feb
v’ulean Dot inning'. pref_
10< l 53
Feb
.
.
.
1
.
.
Higlust.
1
Feb
Feb
Feb
29
21
21
18 132V Feb
21 147
Fob
.21 38c. Feb
19 9.8'.Feb
18
15
Feb
Hi 59
1 el>
19 85 V Feb
19 103
Feb
Hi 98 V'Feb
21
5
Feb
18115
Feb
Hi
H
li
29
21
29
SO
49
50
18
S-V
19 125
18 94 V
20 S3 15
19
is
21
Feb
Feb
Feb
Feb
93
Feb
85VFeb
58
Feb
Outside Market.—The continued
Ramp since Jan.
Lou'tsf.
Highest.
S71 ‘j
Jan
40
Feb
leb
40
50
Feb
05
Feb
Jan
SO
Jan 141
130
148 V
Jan, 149
300.
Jan
1‘
98 1 j
IS
10
lti
15
•12
Feb 99 V
Feb! 15
Feb 00
Feb- 85 V
Jan; 198
70 "
19 lOU'
10
9s V
,T
21
18 111
Is
IV
5ft
depression
50c.
Jan
Jan
Jan
Jan
Fob
Feb
Feb
Feb
99'j
Jan
5
Jan 115
Jan
SV
Ft b 125
Fd> 97
Jan $3.70
Feb 9 47 s
Jan
Jan
Fob
Feb
Jan
Jan
Jan
Jan
Feb
lei
Jin
19 125
18
91V
18 $2.90
92
21
85' ;
is
21
1.
Fchj 93
.
on
'< b
57
.
the*'Stock
Exchange and the approach of the three-day holiday have
affected the “curb” market, trading being of a desultory
character and in diminishing volume.
Prices showed a ten¬
dency to weakness. Trinity-Copper attracted considerable
attention by declining from 33% to 28.
Subsequently it
advanced to 35 and to-day to 37}4, reacting to 30.
Greene
Consolidated Copper
lost a point to 21 %.
fell from 32% to 31 %. Greene Cananea
United Copper common fell from 73%
-Cables
-Imho
-Shari
to 71 %, later recovering to 72.
Nevada Consolidated Copper
Sterling, Act no!—
fa■
(a.
4 8100 4 853(1
4 8055 4 8 150
High.
.4 8035
f<r
was firm and gained a point to 18%, subsequently easing off
fa
4 8450 4 8515
Low
4 8025
'</
4 8035 ■1 8 1 10
to 18%.
Butte Coalition Mining sold down from 37% to
Far is Haulers' Francs
5 21 ' i <t
') 23 1 ,0 '5 21V"
High
5 23 V
ui
30%
and,
up finally to 30%.
Douglas Copper from 22%
(a
5 231, : 5 21 V«
5 21V
Low
.5 234
'a
sank to 20%, but jumped back to -22%Utah Copper
(Ji nanny Hankers’ Marks
(<t
93 V 941 ,d
9 1V
.93 13-10 fa.
High
dropped
from
39%
to 38.
Xipissing
was weak and went
93 V '94 7-10
fa
94 V!
93 V
Low
fa
down from 14% to 13% and up to-day to 13%.
Industrials
Amsterdam Hanker:,' (iui/dtrs
were irregular.
(a
30 03
High
39951
American Can preferred mow'd down from
(n
39 29
39 32
Low
55% to 54, then up to 55%' and to 55 finally.
Havana
Tobacco common from 12 advanced to 15. then dropped to
Loss:
1-10 of IV
d 1-32 of IV
h 3-22 of 1 C'c.
Rills:
k 1-10 of 11;
.r 1-32 Ol F
)/ 3-32 0! 11
12%. International Mercantile Marine preferred sold down
The following wen' the rates for domestic exchange on
from 28% to 27% and up to 27%.
International Salt de¬
New York at the undermentioned cities to-day:
Savannah clined from 18 to 17, later advancing to 17%. Standard Oil,
buying 50c. per $1,000 discount; selling 75c/ per $1,000 after declining from 540 to 538, rose to 549. selling finally
premium. Charleston selling SI per SI ,000 premium. New at 530, ex-dividend. Waterbury Company -stocks were
Orleans banks 25c. per .$1,000 discount; commercial 50c. per active.
The common rose 3 points to 53%, then moved
$1,000 discount.
Chicago 5c. per $1,000 discount; St. down to 51% and recovered finally to 52%.
The preferred
Louis 30c. per 81.000 premium.
San Francisco 50c. per declined from 103% to 103. but rose later to 103%. Western
SI ,000 premium.
lee ranged from 28 to 20 % and Tip to-day to 20%.
Chicago
State and Railroad Bonds.
Salt's of State bonds at the
Subway dropped from 28% to 27, moving up at the close to
Board are limited to $5,000 Virginia 0s deferred trust re¬
27%. Great Northern “rights” sold down from 21% to 20.
Outside ({notations will be found on page 440
ceipts at 22.
The work’s range for
exchange rate's follows;
■
.
..
—
-
—
.
UV
_
.
,
-
<a
^
-
...
'
__
a
.
._
—
:
.
.
.
,
.
0
■
-enY
"’ft,
'T’ll'WHfii’•
9.
trffluT"
TWO
OCCUPYING
STOCKS— H1UHES1
W e
<nesday
Feb ‘JO
Eriday
Eeb 22
Thursday
Feb 21
EXCHANGE
102 V 103 4 1024
98 V
99
99
120
1204 119
112
4
11
2
V 113 V
1134 1154
90 V
91
90
{92
92
72 V
73
74
73V 75
*100
*100
120
100
128
139 •. {139V139V *120
*120
*
84 4 *
84 k
187
18 -4
1847s Is? V 184 V
*03
03 “a 03 4
*03
04
*2u5
*207
212
210
210
5iV
52 4 53 4
61V 52 4
21
22
24 4
*22
24
*
05
05 4
00 4
10
10
{15 V
10 V
*10
?S
77 V 78
7 0 V 79 4
*09 4
09 4 72
*70
72
•
128
13.'4
s3
188
*100
*127
8 <
180
*03
04
*208
212
*
53 4
53
*00
*
18V
7 0 7s
*70
*
*
72
*224
*224 24
14SV1494
*
104 4 105
107
*208
22V
*22V 23V
140 4149
118 4
104
•
22
00 4
50V
2 1
51V
054
15 V
*
70 V
♦69 4
054
15 V
78
72
22V
1 41> V * 47 4
104 4
*
:
t
:
debentures
pref. “A”..
pref. "lV1..
Chicago Milw. & St. Paul.
Do pref
Do sn bscr i p vvnr’ nts /■
Do
4
115V 146 V
16*4
104
•
*
41
*81*
45
83
90 4
103
34 4
34't
714
715
44
{-*5
*.84
2
25 4
25
*1 tj
^4
*78
45^4.
8'» '
20
*28
59
•28
59
59
28
5 8
70
*27
*05
*00
135 4 135
*143
145
4
107
'24 4 25
58
90
*87
•
130
*133
*54 4 50 4
v> <; ^
12J V130
1 s
454
80 4
isi
%
4.> 4
......
•
•
1244 1254
90^
92
2»>4
*07
*434
44
*58
94
Hudson
#
•
•
•
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80
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Do
•
pret
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1st pref
Do
2d pref
YOI1K
207 4 270
55"
53"
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750
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...
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—
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1 20
32"
17"
190
ly '75
310
195
1 30
330
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...
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..
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400
150
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j
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i
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pref
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i
;
:
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480
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700
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5
13
23
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90
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134
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4
,
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43
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147
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ill
lb *4 J ne
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27
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00
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904 Jau lo
82
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u34
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103
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i' ob
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pref
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535
pref
28,645
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10,609
50
200
ft
1,090
1,750
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.....
|
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624 Feb 1.
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V Jan .9
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7 118 V Jan 14
34
Jan 5
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94 4 Jail 5
81
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37 V Jan 7
31 % Jan 3.
117 4* Jan
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27% Feb 14 29
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29
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53V Jan 7
90
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j an
100
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"1
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16
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» -V Jan
Jan
93 % Dec 103
28
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Xov
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30
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4<» •; Jan
43
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..
:
99;% i no
184 4J’ne
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Jau 23
1"
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%
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135
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4
220,7 i 6 128 4 Feb 1 11 ptfc Jan ft. 122% .Ply
<0
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100 73 % Jan 3" 7%
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May
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ft 9
00
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Sep
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92
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91
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9"
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22
4
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iy 32"-* Xov
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6.80"
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7 24 Apr
70
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05 4 Jau 31
40 4 J ’ly
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900
12
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27., Jan
204 .May
600
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92
164
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i
814 Jan 2ft
100
38,.92
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Tot. ftt. L. A W. v. tr. ctfs
•
.....
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3
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1
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83
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1,0.0 42 4 Jan 3
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Do
do
pref.
114th Streepj.
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353
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200
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700
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.....
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:
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35 4 lan
1.300
84V Jan 3.
16.870 1-4
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58
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110
Jan 16
L
*
Ask
71,900
....
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X. Y. Ontario A Western.
Norfolk do Western
Do
adjustment pref.
Northern Pacific
Do
subscrip. roots...
*
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1
Do
2d pref
N. Y. N. Haven do
90
*
AND
136V Feb
Jan
O
.....
....
400
14,30"
KT ash. Chatt, & St. Louis
1*1 at.of Mex, non-cum.pf
Do 2d pref
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N. Y. Chic. <ic St. Louis...
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Do
•
.
70
04
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80
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Jan
1*U
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90u
22 V Jau 3<
27<% Jan
60" 54
59
Jan
Feb 1
90
Jan
>7
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6,410 .07 4 Feb 1 140 VJau
Missouri Pacific
•
Jau 19
Jan 22
Dec
80
ci / 8
Jan 17
Jau 3
Jan 4
Jan 19
200
Minn. S.*P. do S. S. Mane.
Do
pref
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•
sep
Inc
bob
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Jau.
May
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Dec
70V Dec 85
HI Sj No\
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1I V Oct
23 4 Jan
33 V .Ian
53
Aug
77 V Jan
9?V 51 ay
113 V Feb 135
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2
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28VJan
78
26V Jau -'9
56
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27
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.
Minneapolis & St. Louis.
Do
pref
•
14 %
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86 4
Feb2.
Jan 19 115
Jan 31 94
Feb 2 172
Jan . 1 39
75 V
.J an 21
Jan
68
......
\ 1 anhattan Elevated...
•
0 4
43
550
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ake Erie <fe Western...
Ml etropolitan Street
Mexican Central
•
83
......
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•
,
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ta
w
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i
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......
.
......
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.
244
02
9 14
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......
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83
......
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82
pref
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Chicago Union Traction.
......
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82
45 4
85
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•
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Do
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72
*
*
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pret
Chicago Great Western..
»
15 V
*
•
•
t
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94 No» 150
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.
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,
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Chicago «fe Alton HR
-
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200
63 V Feb.a 65 (** JilU
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14,275 48 4 Feb 1 56 Jau
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300
21
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210
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160
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29
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/ Canadian Pacific
anada Southern
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•
1
7lb Feb
15,200
pref
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71
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ly
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pref
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Do
pref
1
Brooklyn Rapid Transit..
Buffalo Rochester & Pitts
:
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62
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v
164
102
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230
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15
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9
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100
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35 V 35;%
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b 207 V
209 V 210
*208
lb
*1.30
-160
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Hiahest
71,2‘uij 9i:% Jan 30 108%
.1 ' % l< •*"
: i•9
l! Mi-V
2.27u (lift- b l’’e b 5 133 V
l4.s‘>9 ‘111 '* Feb21 122
94 t,
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90 V Feb 2
Touek i'tSania Fe
\ tch.
99
73V
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104
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118 V
104
164
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10.5*4 1074
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230
230
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15 7a 10 V
10 V
108
23u
104
23 4
148 V 1504
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Lowest
Year(1U06)
-
102 % 103 V
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92
jy<? ttRanye 'or Previous
Ranqe >or Year
Sales o
the
eek
Shares
STOCKS
PRICES
AND LOWESI SALK
I'uesday
Feb 19
Monday
Feb 18
Saturday
Feb 16
and Yearly
Exchange—Stock Record. Bail?. Weekly
New York Stock
165
240
290
etropoli’n^
Xassau'i
..
....
195
New A rosier
i New 5 ork Co 1200
320
1 New York...
I Night A Day 4"0
3.50
4 19th Ward*
..
.
1
1
.Sort h Amer.
N orthern
Oriental*
] 2 :1
172
Bid ’Ask
Hunks
A sk
310
200
2 10
Bark
155
People's*,
300
l.»5
Phe.nix
Plaza4
Itiversuie^j
.
Second
...
182
j
J70
1
i
170
t 17 1
.
..
Seaboard
450
j
57"
Prod Exchi
330
250
465
230
Pacific*!
J 75
Male4'
34th Street
12th Ward'
23d Ward*
2*50
37*1
'Ml
380
700
340
’
400
19"
j
!
207 41
.
.
..
*• state banks,
a Ex-dividend ami rights,
b New
h 1st instaun’t paid, u Sold at private sale at
|
nu>ok.
Uua >nc«.
New York Stock
432
■i
LUr.hS—HiGHLS'l
Monday
Lei) 18
Saturday
Feb lb
LOW BBT
aNL>
Tuesday
Feb I'd
;
!
17 5
IO0-4
*1034 1054
101=8 i05
1*7 "4 17*7‘4
4177
1*7*2*' 175*4
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904
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59
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59
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59
$ 5>. JH
69
674
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17
r.
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16-4
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33
3 2
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-
323b
32%
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32 4
3u
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13
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30
31
13
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32
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20
24
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47
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47
20
15
1*1-4
•37
114
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3UU
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38
*
4114 4
25
102
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Feb JO
*285
14=8 15%
364 304
113% 114%
244
25
4
36%
14
17
32 4
30
13
31
20
37
79
102
*87
102
21
20
20
79
*70
79
4 3 '(j 44 %
42 =e 4 4
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'101
104
3i%
*
.-8
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9 J V
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j
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Friday
i 7i 4
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*
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16
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59
68
83
82
8«
82
17%
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20
22
45
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300
15
37
23 4
95
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43%
.
1,095
3,600
Maryland.......
Wheeling d* Lake Erie...
Do
lstpret
"625
12
20
12
*30
32
184
$214
18 4
214
47
4 3%
86
32
73 Si
32
18
79
17
35
73 4
35
73'
..
.
..
143*4 1*45
Amer.
Smelt’gtfc Retiu’g.
Do
pret
American Snuff
Do pret
American Steel Foundr’s.
Do
pref
American Sugar Refining
Do pref
138
23
87%
874)
75
*164
93
159
76%
1014 1014
48 4 48 4
*81
95
*24
*137
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747s
47=8
484
95
244
137 4
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74
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184% 84 4
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15
15
88 %
72
72*i
101 St lOl*i'
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128 S*81
82 *4
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05 %
94%
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74
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82 4
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7478 754
72
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125
82
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51
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71
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94
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9834
70
106 >4
145
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15
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84 %
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28
00
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52 St
10a
77
} 107
"75
%
105
25
5114
115
87 %
28
67
51%
4')^
1051
25
90
182
Lid
Ask
Hanks
Union ExcliT 245
255
122 4 132 4
U S Excha’el'
Wash, li’htsfi 225
West Side*
600
490
Yorkvillel
..
..
344
95
98
69
98
69
984
*69 4
*i*50” i*5*8
*64
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83
8
69
150
*80
64
56
47
454
$85 7a
85
115
87
28
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*63
68
$514 61
107=a 107'
105
87
......
425
Lid
BROOKLYN
Brook.}
t
,
..
..
70
First
390
Home Aank1 169
.iuutactrs’. 4(0
Mechanics‘i. 325
Nassau
250
Nat City
305
North Side*!. 390
Prospect Pk*1 15 >
jTerminal.... 125
Unioid
215
170
115
140
...
420
150
»>%
454
'■
J 30
230
**2*2*6
840
4,891
Pressed Steel Car
5,330
50
100
669
911
1,200
400
4.615
1,692
4,31<
*103
<fc Kit...
100
300
325
70u
170
Do
pref
United States Express...
U S Realty & Improve’ut
U S Reduction <fc Refin’g
Do
pre:
United States Rubber....
Do
1st pref
Do
2d pref
United States Steel
Do pret
9*66o
100
2X1*6
26V
100
221,515
95
Feb20
184 Feb 2
29
*
Virginia Iron Coal & C..
\\j ells Fargo & Co
’
Vt est’n Union Tele’gph
West’gh’seEl&Mlgassen
Do
Bid
Ask
257fcJan 12
514Jan 7
90
Feb 20
95
4 Jan 19
wn
99-4 Jan
98
Jan
93 4 Jan
87 4 J an
26 4 Jan
53'v
44 4
214
48 4
Feb
J’ne
Feb
Feb
29 4 Feb
33
64
J an
Jau
Jail
Central Tr’st
Colonial
Columbia....
Commercial.
Commonw’th
2025
400
235
210
550
150
162
220
>100
410
245
115
340
449
Farm lx> »fc Tr 1310 1330
18 4
81
90
-fan
7
24
92
4234 Jau 31
Jau
Feb
Jan
504Jau
7
3 iu 14 Jan 7
1
39-4 Jan V
W)8 J an 9
2 97
Jau 22
30j
Bid
Ask
Fifth Ave Tr
555
Fulton
300
510
Guaranty Tr 480
Guardian Tr 225
235
Hudson
95
105
Knick ’rb’k’r 1150 1400
Law T I &Tr f 272
Lincoln Tr... 390
400
Manhattan
490
470
Mercantile
-‘50
590
Metropolitan 5S0
MortouTruat 725
120
130
Mutual
1
Ex-rights,
s
Trust Co. certificates.
b New stock,
Jan
Jan
Apr
Apr
4 Dec 1014 Jail
138 4 May 174
Dec 130
112
2u0
J’ly 220
100
Dec 107
15 4
934 A O'
40
May- 53 4
157
11274 May
!l'8 4 Dec 140
130
J’ly 144-4
96
J’ly 109
28
Nov 48
101
J’ly 1104
223 4 May 300
1U.> ^ Nov 178
Api
Jan
Jau
Jail
Jan
J an
J an
Jan
Jan
Jau
Jan
Jan
Jau
Feb
Jan
214 Apr
J’ly
70
May
49 4 Jau
Deo
Dec 1074 Jan
3lay 834 Jan
J’ne 1124 Jan
M ay 3'■ > 'a Nov
Apr 1814 Jan
J’Jy 28 .Apr
May 854 Apr
74 4 Sep
Jan
Jan 199
Jan
J’ly 112 4 Jau
Dec 18i
(Jet
feep
264 Jan
80
Dec
90
Jau
48
Sep< x95
Jau
28
Jan:
Jan
MayMay
May1
164 Jau 16
29 4 J an
534 Jan
534 May 78 4
iO ^ 4 Dec 1204
4
J’ne.
6 s
Jan
25
294
79
Jan 31 004 Jan 4
47
Jan 31
57
Jau lp
98
Jan ly 9J4 Jan 24
1684 Feb 1 1814 Jan 8
50 4 Feb
57 4 Jan lo
97 4 Feb
99 4 Feb 15
32 4 Feb
41
Jan 7
9534 Feb
100
Jau 7
68
Feb
7734 Jan 7
103
Feb
§107 Jan 11
150
Feb
162
Jan 4
80
Jan 29 85
Jan 17
6 4 Feb 21
8 4 Jan 16
56
Feb2l
61
Jan
7
x45 4 Feb 8 494 Jan 6
834 Jan 3 89 Jau 15
§105 Feb 11 § 117 J an 9
7/
Jan 31
90 Si Jan
1
25
Feb 21
30‘4 Jan 28
60
Jan 2
68
Jau 7
474 Feb L 52 4 Feb 16
cl04 Jan 1> 1094 Jan 7
7%
Feb '5 784Jan 7
Jan
914 Sep
Dec
35
694Jan 4 544 J'iy
.Jan 30 75 4 Jan 24
Jan 31
71
Jan 24
Jan 4 864 Jau lot 62 *
L1434 Feb 15 tl638Jan s 113 si Jan
13 4 Jan 21
12
May
15-4Jan 5
8 4 4 Jan 3 87
82
Feb 15
Sep
66
65
Feb 1
M
ay
764Jan 7
1014 Feb 16 103
Jan
1004 J’m
133
z!33 Jan 30 1414 Ja»
J’ly
^7 4 Nov
80 4 Jan 31
894 Jan
Feb 1
32
41 4 J an
284 J ’ne
93 4 Feb 19 98=8 J an
88 J'iy
10-4 Jan 19
Jau
43
Nov
354 Jan
16-* Dec
71
69
77
56
95
Dec
Apr 272
Aug
74 M aj 114 Jan
5 4 Nov
10
Jan
16 4
Febn
5034 Jan if,
41
Jan 7
81
Jau 14
J an
894 Jau
47 4 J an
134 May1
J’ly
50
43
95
180
44
May
May
60
92
84 4 Sep
79 4 Deo
1184 Oct
18 4 J au
88 4 Mar
954 Jan
4 Jau
1634 Jau
106
107
Jau
51 4 Jau
103
Jau
18 4 Nov
62 4 J au
61 4 Jau
165
Feb
Dec 270
Nov
May 624 Jan
974 J’ly 107 Jau
114 oao
224 May
91
May II04 Jan
684 J’iy 97 4 Jan
101 4 Oct 113
Apr
129
Jan f 166 Nov
88
60
oct
May
5 4 Sep
15'4 Jan
52
43 4
53 *4
109
75
24
60
38
84
Oct
Jan
Jan
May 53
Dec 96 4 J an
May 138 4 Jau
Aug
9i
Mai
Mai
40-4 J ’u«
J’ly
xlOi-fc J’ly
-v
Jau
81
J'u<
59 4 oct
xllo Jau
75
Muj x874
324 J’iy 50 4
984 J’iy 1134
31
J’ly 58
104
J’ly 117 4
Jan
oct
Jan
Jau
Jau
93
Dec
Jan
38
M ayOct
Jau 26 §290 Jan 26 233
Mar 305
leu 8| 85
Jau10 ;XS3 ‘4 Dec I 914 Jau
Jau
2
143
Aug] 176
JNovi iss
J au
Jau
QUOTATIONS
..
|
1
7934 Jan 31
464 Feb 13
33 4 Feb 4
78 4 Jan 19
4*>
Jau 23
Jan
2i5
: 162
..
330
Empire
Equitable Tr 425
Feb
102
35
324 J’ly
98 4 J’ly 105
Jau
28
Mr}
414 Jau
334 Feb 1'.
Jan
Jan
Feb 13
1 >*•«
20 4 Mav
82 v Oct
234 Jan
148*4 Jan 17; 15 l
1st pref
Trust Co’s
CITY
15
14.935 104
1,045 32
105
35*6 77
280
*7*17 82
Virginia-Carolina Cheru..
Do
pref
..
i 65
1,680
U. S. Cast 1. Pipe & Fouu.
I Bowl’gGreen 4 40
Broad wayTr. 157
200
Carnegie.
......
4,740
Union
Bag A Paper
Do prel
56
Trust Cos.
......
1.500
SlosB-Sheffleld St. <fc Iron
Bid and asked prices; no sales on this day.
§ Less than loo shares.
•Sale at Stock Exchange or at auction this week
0 Ex stock dividend,
472
Texas Pacific Land Trust
Bankers’ Tr. 500
410
2*1*50
2,820
1,465
AND TRUST COMPANIES—BROKERS’
BROOKLYN
50
C. (Chic.)
Pittsburgh Coal Co
Do
pref
Do pref
Tenn. Coal, Iron
150
83
N. Y.
*3*0*6
Republic Iron & Steel.
Do
prel
*86
86 J4
115
*105
87
87
26
• 25
67
‘63
514 61 4
SI 0/4.
420
*
Do
pret..
Pullman Company
I> ail way Steel Spring...
JA> Do pref
984
-
Feb20
Jan 29
*
2,710
Pacific
Mail
eop. Gas-L.<fc
514
984
984
Jan 23
164 Jan
374 Jan
214 Jan 10
} o34
200
84 Jan 31
1,765 414 Jau 21 47 4
129
*4 Jan 30 1:>7 4
9,56o
300 129 4 Feb 19 131
Do pref
New York Air Brake
North American Co., new
69
*56
51
-
Boron el!*
Bream-
934
164
*154
171
169
52 4
62
99 4 99 4
34 4 36
BAN Kb
Bank-*
4
714
1014 10 134
137
'135
*81
834
36
Jan 29
Feb 21
Feb 6
90
Jan
90
Jan 21
Jan
28 §230 Feb 14 247
6 4 Jan 31
8 4 J an 11
150
5
6 l4 Jan 16
4 Jan 30
25
100 244 Jan 30 3() 4 Jan 7
80
Feb 9 88
J an 2
330
16
Jan 2
19 4 Jan lo
911
52
Feb 20 36
Jan 7
24 5
8,200 70 Jan 30 7534 Feb 15
109
4
Jan
2
200
1114 Jan 21
3 4 Feb20
100
34 F e b 14
900 23 4 Feb 18 254 Jan 3
92
Jan 22 93 4 Jan 7
4 6*.5*0*6 1394 Feb l x155 Jan
839 112=8
1 117Jan
197 4 Jan 11 J05
Jan 18
*"
Nat EnameiingtfcStamp’g
Do
pref.
National Lead
83
93 4
7,250
National
Do
prefBiscuit
15
36
Feb 20
80
4 1
7,3*12
Mackay Companies
Do pref
824
1154 115 4
15
*85 4
71
184 Jan
38 4 Jan
30 4 Jan
M>
Jan 21
J an 21
4 Jan 30 454 Jan 14
100
lo3
Jan
12
4
Jan
2
I06
International Paper
74
70 4
73
70
82 4
100
300
Do
pref
International Power
Internat Steam Pump....
Do pref
Knickerbocker Ice( Chic)
lu8
*1064 107-4
7?
•75
77
76 4 76
45 4 45
45% 46
444 454
104 Sil 04 % 1044 194'
104 4 104 4
*34 4 364
3434 35
$34 4 94
♦
106 Si 108
*107
*106
108
108
89 Si 89 Si
87 4 87 4
884 894
*275
305
*275
305
*270
300
83
83
*82 4 83 4
82% 82%
♦150
♦150
151
152
162
*150
*167
162
*160
182
*160
182
305
$82% "2
•150
158
*167
47Si
8634
*107
*74
*106% 108
*87
*275
”74“ "744
*80
77g
"0%
•58 Si
40
170
70*4
Feb 14
Mav
50
Apr
55
Apr
84 4 Apt
18
Dec
36 4 Dec
30
Deo
16
Apr
36
M ay
21 4 Oct
23
Mayi
44
J’ly
1,8*25
23
873b
70 4 70 4
83
82 -j 82 4
S3
*116
1174
117% *116
14
144 144
14%
*85 Si 88Si
*85 4 86 4
71
72
714 72
I0IS1 lOiSi 1014101*2
*135 Si 13734 *135
137
*81
82 Si 82 S2
834
33% 34 % $33% 3334
93 Si 94 *4
93% I
*
L5 *4 16% $15*4
*57
*57
69
50 *4 5134
50% j
•98
99
984 98 4
169
170
4170
171
52 Si G234
52 4 524
99
99 4 99
99
70%
Jan
94
62
Jan
71 4 Jail
Cientral Leather
10141014
24 4
139
16
29 4
25
12
30
17 4
22
44 4
.Tan
1*3
Jan 31 133
Jan
4 128
1,305 95 4 Feb 5 983< Jan
American Woolen
1,640 30 4 Feb 1 364 Jan
Do
576 99 4 Jan 31 102% Jan 5
pref
Anaconda Copper
343,350 269 Feb 1 302% Feb u,
Jan 3 1214 Feb 14
Hi 110
L)rooklyn Union Gas
14
Jan 31
Drunsw. Dock& C.Iinp’l
14 4 Jan 4
134
40
Jau 4
49
Buttenck Co
49% J an 3
i*eb 15
334
2,395 34 4 Jan 19 40
> Do
Feb 8
Jan 31 102
984
400 99
pref
0
40 4
Jan
46
Feb
Colorado Fuel do Iron....
8
57%
15,100
85
Jan
Do
Jan
85
30
85
19
4
pref
17
Jan 7
24
Feb 1
CoL & Hock. Coal & Iron.
28
Feb 14 1304
Consolidated Gas (N. Y.).
1,34 9 133 Jan 3t 140
Corn Products Refg..
184
1,520 22 4 Jau 2 24% Jan 2_74 si
Do
8234 Jan 2 88 Jan 28
881
pret
5
L
Feb
Distillers Securit’s Corp.
78
X694
Jan
30
13
15,447
Jan 16 138
160
Federal Mining & Smelt’g
Jan 18 163
91
Jau 14
Do
Jan 31
97
600 92
pref
Jan 22 X158
General Electric
2.499 155 4 Jau 11 163
Feb
13
Granby Cons M S & P....
480 L28 4 Feb 1 152
*164
170
'154
170
93
93
*92
94
169
160
4159 4 158 415a
*147
150
149
115
150
148%
*16
17
16% 17
$17
17
80% 80 Si *794 804
804 804
*
46
*46
49
41
49
*46
*34
34
34
*34
3E
3 5 Si
•76
*77
80
80
*78
81
74
70
<1
Dec 122‘j Jjtu
Oct $ 15" Oct
Mas 1 <5:<s Sep
7 j i 102
!!$ 150
1384
914
Amer. Teleph. & Teleg...
Amer. Tobac. (new), pref.
*
22*4
JP-
1,325
Do
pref
Amer Beet Sugar
Do pref
American Car & Foundry
Do pref
American Cotton Oil
Do pref
American Express
American Grass Twine
Amer Hide & Leather....
De pref
American Ice Securities.
American Linseed
Do
pref
American JLiocomotive...
Do pref
Amer. Malt. ctfs. of dep...
Do
pref. ctfs. of dep .
Ainer Smelters Sec pret Bi
* 12
143 % 144'a
4 1434 144%
*114
115
114
114
11441164
*190
240
•190
240
*190
240
'95
1034 »J8
103 4
103 % *95
*0
9 4
10
93a
9%
94
44
43% 43°b *43
434 44 4
134
134
134%
135%
*133% 134
120 Si 129 Si *129
131
♦128
131
*127 Si 130
*127 4130
$ 128 4 1284
96
96
96
96
96
96
32 J4 33
3 2 “a 32%
33
33
100
100
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291
295 4
2954 292
29534 292
*112
122
12 L 4 1214
112
$ 112
1334 15
*133* 14 *4
*134 15
*44
*44
60
60
*44
50
38
38
38
38 Si
*37 4 98
138
Lowest
$290 Jan 9 $295 Feb 14 $240 JTie *300 Aug
13 4 Jan 31
l67sJan 5 16 J’ly* 274Jan
67
40
Jau
Sep
500 34 4 Jan 3 i
Do
4334 Jan 3
pref
110
4
Feb
2
256,540
12178 J an 5 924 J’ly 118l< Feb
AmalgamatedCopper
34
20
22
4
Jan
Amer Agricult Chemical.
J’ly
4
Feb
4
25•‘8 Jan 8
2,516
73
11041104
'3 4
94
24
24 4
11034 110%
3*4
3 >4
*23 Si 24
150
210
Adams
Express
Uis-Clialmers
144
*
600
300
Do 2d pref
Wisconsin Central
Do pref
Industrial &jUiscell
300
§79 4
i64
St Lon. prel
Western
38
*36
112 4 1134
*23 4 25
96
*85
*18
20
*70
79
43 4 4 3 4
102 4 102 4
95
20
79
8
Jan 31
Feb 4
60
280
Wabash
Do prof...
Do pref
United Rys of
*
101% 101%
48% 4 9
*
81
95
24% 24 S?
irv.
Yea\ > 1
Highest
1 10S4Jan
Feb
1687e Jan 30
Feb
-..1545,025
1,559
16 4
31
144
5U0 102
Transit.
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»«>•>
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74
112
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65
68
31
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40
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Week
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Pacific
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904
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25
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Lne
EXCHANUE
Jeb 22
*102
103 Si
32% 32
22-8 22T8
314 32
*88
*88
92 Si *88
92 4
02 %
♦225
235
'226
225
•230
235
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7
6%
6
5 *4
5 *5
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5
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5
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27
27
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I
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NEW YOKE STOCK.
10341034
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23
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15
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45
112 4 114
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FRHJFH
[VOL. lxxxiv.
2
.
*85
204
204
*
300
-
90S
58 4
6'4
1* A
2 hursday
Feo J1
Weanesday
:
*104
HA
Record—Concluded—Page
c
Trust Co’s
Bid
Ask
Mut. Alliance
N Y Life&Tr
NewYork Tr
StandardTr’t
TitleGu «fc Tr
Tr Co of Am.
U nion Trust
205
215
1 OuO
725
400
425
1576
775
799
1325
189
USMtg&Tr 470
Unit States
1270 1300
Van N’denTr 290
310
Washington. 40d
Windsor
200
215
.
Ex-dividend and
Banks marked with
Trust Co’s
Bid
As
BROOKLYN
Brooklyn Tr
Citizens’
Flat bush
....
460
163
440
155
t 265
Hamilton.... 330
Home
17u
J enkins
20<»
Kings Co .... 450
1. 1st E A Tr
.315
Nassau
*27o
315
People’s
Wilhamab’sr. 215
j350
ISO
05
2
•
...
330
1-280
220
rights/
a
.
..
Franklin
paragraph (U)
are
State banks.
)
New York Stock Exchange—Bond Record, Friday,
BONDS
N. Y.
STOCK EXCHANGE
t,
Hi a
i.overnuieiii
>.
s _ts
cousol
registered.dl93(>
S
S
s
S
S
consol
coupon..,.dl93U
Js
IjOW
103%
107
J’ne’02
104 4 Oct ’0;
1014
1014
loo7* Jan ’07
129ls Feb*07
130
129% 129*,
105
105^4 105 4 Oct ’00
109 4
111
May’Of
1925
100% 101 4
100% 100%
129
129%
1294129 4
1 994 Sale
t 9 6% Sale
90% Sale
99
99%
98%
9o%
99
Repub of Cuba 5s exten debt..
U s ot Mexico s f g 5s of 1899
1954
State Securities
111
Alabama curr fund 4s .,...1920
Diet of Columbia 3*65s
1924
Louisiana new consol 4s..1914
Carolina
48.1910
North
cousol
Os
1919
So Carolina 4 4s 20-40
1937
Tenn new settlement 3s..1913
Small
99%
994
94%
82%
85%
92%
101% 103%
96%
934
99
94
0/ $0 to £.
56
as is
Mar’02
1174 J’ne’Oo
1144
100
96%
96%
90%
894
102
i20" inn
”954 inn
Virginia fund debt 2-3s...1991
22
Os deferred Brown Bros ctfs.
105 4 Dec’04
Feb’07
101
122
J’ue’OO
Mar’oi
1*20
95*4 Feb’07
95 4 Dec’04
95% Jan ’07
22
22
60-yr conv 4s..
Adjustment g 4a
/il995
Registered
A1995
Stamped
hi 995
101%
100%
104% Sale
Jan *t»7
101
103 4
104%
91
% Sal e
*91%
Sale
*98% "99*1
95%
95%
......
91
95%
95%
95%
20
22
104% Oct ’Oi
91'
914
95
Sep ’05
91 %
9*2
99% May’Ot
984 Nov’04
Series K
1913
East Okla Div 1st g 4s.. 1928
Atl Knox A N bee L iC N
94
95%
95% Aug’Or
Atlantic Coast 1st g4s.Zi.1952
Charles & Sav 1st g 7s.. 1930
Sav F & W 1st gold Os.. 1934
1st gold 5s
1934
Ala Mid 1st gu gold 5s ..1928
Bruns <fc W 1st gu g4s
1938
L & N coll g 48
01952
Sil Sp Oca&G gng4s ..1918
Atlantic «fc Danv bee South Ky
Austin «fc N W
/see Sou Pacili<
98
Sale
129%..
114%..
11*2
93
..
*94%
..
98
102 4
10 L
101
102
13
101%
108%
90 4
92%
*9f* *92%
99
99
10t) 4 Jan ’06
96
96
94
96
96
Nov’Ol
98 4
43
97 4
9S%
133% Jan’0l«
112% Jan ’04
114% Nov’05
99 4 Mar’06
89
88 4
89
96% Deo’06
6
93%
65
BaltRegistered
& Ohio prior i g 3 4s.Zil925
1925
89 4
88
92
93%
J’ne’06
101%
101%
89%
Gold 4s
A1948
Registered
Zil94s
P Juu <fc M Div 1st g3 4sl925
P L E & W Va Sys ref 4sl941
Southw Div 1st g34a...19*25
95 %
Oct ’06
Feb’07
7il925
Monon Riv 1st gu g 5s..1919
Ceu Olno R 1st Cg4 4s..l93(i
Pitts Clev it Tol 1st g Os 1922
Pitts & West 1st g 4s...1917
Bat Creek <t 8 bee Mich Cent
Beecli Creek bee XYC&H
Bellov it Car bee Illinois Cent
95
96
894
90%
106% 105 %
1024
100
92
105
100 4
10 l % 102
1004
Sale
J-J
J-0
el989 Q-
Registered
Geueralg 34sseries B.ei989 JChic&L Su Div g5s....1921
Clue it Mo Riv Div 5s...1926
Chic it Pac Div 6s
1910
Chicit P W lstg5s
19*21
Dak .t Gf. So g 5s
1916
Far it Sou assn g 6s
1924
Hast & D Div 1st 7s
1910
1st 5s
1910
I & D Exten 1st 7s
1908
LaCrosse it D 1st 5s....1919
Mineral Point Div5s....1910
So Minn Div 1st 6s
1910
Southwest Div 1st 6s....1909
Wis & Minn Div g5s....1921
Mil <t No 1st M L 6s....1910
1st consol 6s
1913
Chic & North w cons 7s.... 1915
Extension 4s
1886-1926
91
93
103 4
12241234
96% Feb’07
94 4
J-J
J-J
M-S
M-S
1004 Sale
104% 106
101%
J-D
934
F-A
94%
117
M-Nj 109%
1945 M-N
76
J-D
J-J
J-J
J-J
94% 96%
6 b 100
100%
1044105
4
Nov’OF
63
91
107 4
90
110%
27 109 4111
Apr’06
90** *90**
Jan ’07
734 Jan ’(‘7
63 4 Jan ’(>7
93
J’ne’06
73 4
63 4
75%
65
115
Nov’05
115 4 Aug’05
109 4
1
1(>7
107
88% Sale' 88
1945 A-O
105
89%
103% Feb’07
103 4
loo
103 4105
......
......
>7%
*
107
......
89
82 4 Sale
203
104%
105
103% Nov’06
102% 103%
1
Oct ’06
lio
Feb’96
8 7
Feb’07
88 4 Jan ’07
82 4
82 4
■
13 105
107
49
87 4 92%
....
ii
104
87
....
884
82
4
....
.
«
„
^
108
89
884
85
^
»
102% 104
......
80
.....
9 L
90
Sale
Dec’06
95
J’ne’OO
93% Oct ’06
92 4 Jan ’07
80
81% 238
....
79% Sep ’i»6
93
79%
82
....
-
price Friday; latest price tins week.
96
! s
aDueJan
Mfty’06
d Dua Ajir
Registered
1934
011
eDuoMay
Street Railway
Met St Ry gen col tr g 5s. 1997 F-A
Ref g 4 s
2002 A-O
Bwayit 7th Av IstcgSs 1943 J-D
Col
9th Av 1 st gu g 5s. 1993 M-S
Lex A v it P F lstgu g5s 1993 M-S
Third Ave R li con gu 4s 2000 J-J
Third Ave Ry 1st g 5s.. 1937 J-J
.Met W S El (Cloc) 1st g4s.1938 F-A
Mil El Ry it L 30-yr g 5s. 1926 F-A
Mi ini St 'Ey 1st con g 5s.. 1919 J-J
X orl Ry & Lt gen 44a ..1935 J-J
St Jos Ry Lt ILtP 1st g 5s 37 M-N
M Paul Oily Cab eon g os 1937 J-J
L'uderground of Lon 5s... 1908 J-l)
Union El (Chic) 1st g 5s..1945 A-O
United Elis San Frsf4s.l927 A-O
United Eys St 1, i .-t g Is. 1 93-1 J-J
W ( lac St 40-yr eon g 5s.1936 M N
.</Duo,i’ne
9-
101%
734
101%,
100
J’ly’06
103
103
92
•“»
10(i 1004
>101% 102
t:
i
10*2 4 103
108% 109
’06
oet
100% 101 4
Got ’00
116 41174
125
1
.
126
125
111 % 111 %
10*2
104
96 4
106 4
.
lu44 100%
.
-
2 104 1* 107
1
..
Feb’07
6% Gel ’05
113
113%
100
Jail’07
Uct’Oi
i
90 4
92%
8|
1 12 4
113%
*>
110
1114
104
101
105%
..
...J
...Tr
....;
....
Feb’071
1204 Feb
’07|
104
.....
106% Feb’07 |
1104
....
Jan’U.
Feb 07!
1 06% led %
j 1104111%
1 19% 12 L
97% Jan ’0 i j
95
llx
95
Oct ’06!
1144 Feb’o.;!.
106’a Nov’06
....
107 4J’ne’06
....
101% Feb’07
101
Sep ’On
107
115%
103 %
100% 101%
i07‘* 107**
Jan’O'i
108% Jan 04
114 4 Feb’07
117
Feb’06
....
105% Dec’O.i
102% Feb’07
102 4 Dec’06
12*2 4 Feb’07
102%
102 4
122%
114
127
194%
113 4 H3 4
....
91
104
112
Sale
113
110
102%
.100
1 ]
103%
1104.
105%
111%
119% 120 4
..
76%
10*Vt*
92-^1
99
91
le
1 >
110% Jan ’Oa
1004 Feb’07
102
101%
101 % Dec’06
106% Apr’05
105% Feb’O.
104 4
80
79
......
100
116%
116 4 Oct ’06
142 4 Feb’02
128 4 Feb’06
109
Sep ’03
116% Jan ’07
118% Nov’06
116
100% Sale 100%
99 4
994 Sale
914 91% 914
97
94%
93%
91
904
90
90
76% Sale
79-
*91% Sale”
120
ib*7*‘ mu
90%
117
102%
i’o*2%
122*4
172%
116% 116 4
100 4
99 4
91%
J’ly ’114
924 Nov'06
90% Jan ’07
93
May *04
90% Feb’07
90
Mny’04
75%.
76%
il'3 4il4%
ibb’4
9'i%
99 4
91
‘91%
90%
90 4
99 4
9*6% *9*6%
50
Dec ’05
91% 104i
Jan ’07
744*7*7''
*8*84 '*91%
117
117
1204 Mar’03
111
Nov’05
102** mu *1 ()*;’)*’ NoV’b”;
108 4110
111
May’06
105% Nov’06
Next Pane.
.
i
9
*200*2
CR IF & N W 1st gu 5s.19*21
M it St L 1st gu g 7s.. 1927
Choc Ok it G gen g 5s .ol919
Consol gold os...
1952
Keok it DesM 1st 03....19*23
Clue St L it N O bee 111 Cent
BOND**—Continued
1
1st reliant conv g 4s
Coll trust SeriesH 4s ..1910
J 4s
191*2
M 4s
1915
N 4s
1916
O 4s
1917
P 4s
1918
Clilc R I it Pac Rlt 4s..200*2
Registered
1154 Dec’05
1074
Registered
Refunding g 4s
1917
..1988
1988
1934
....
108
Apr’Ot !
111
Ill
111
Sale
|
107 %
110
J’ne’06
123% 125 4 1374-f’lv’99]
110
Oet’06!
107%
106
1014
Aug’04
182 4 Apr’06
109 4
111
N.a’06
*101%
Coll trust gold 5s
1913
Bur Ceil li it NorthernCon 1st it col tr g 5s...1934
118% Dec ’00
110 4 110
113
min **9o*
'
2 00%
1004
105
Feb’07
U)3
Nov’06
96
1D>%
113% Sab*
1044
1909
100 4
Sep ’0*
106% Feb’07
104%
101%
1014 Oet ’06
Registered
Registered
92
90
106%
101%
106%.
99 4
Ul73 Jan’07
Sep ’06
104 >h Sale
107
91 %
93
107
116
18 104
*>
125
1909
General gold 4s
....
....
105 4
min 115%
102
...
99 y»
105
103
107
115
79% Feb’07
73 4
£;i
74
80 % Mav’05
99 4
95 4
103
104
1184 1184
89 4
3
100
124 4
Debenture 5s
North Illinois 1st 5s.. ..1910
Ott C F dc St Paul 1st 5s 1909
Winona it St Pet 2d 7s.. 1907
Mil L S & West 1st g 6s 19*21
Ext& Imp sfund g 5s 1929
Ashland Div 1st g 6s.. 1925
Midi Div lstg6s
1924
Incomes
1911
Chic Rock lsl it Pac 6s...1917
100%
116%
117
118 4 Feb’06
113 4 Feb’07
113 4
111
Registered
....
99% 190 4
100%
13 100
89 4 Feb 0/
132
131%
1164.
1886-1926
1987
ul987
Sinking fund 6s...1879-1929
Registered
1879-1929
Sinking fund 5s. ..1879-1929
1879-1929
Registered
Registered
gold 3 4a
w...
100% Jan ’07
100
93 4
4
1104 HI
108% Jan ’07
108%
1921
11 s 4 Jan ’07
103 4 Feb’07
103
110
Apr’97
119% 1*2*2 4 124 Apr’06
1*23 4
1*23 4 Sale
123 4
F-A
1947
Louisv N A it Cli 1st 6s. 1910
Chic Mil & St P term g 5s 1914'
General g 4s series A..el989
1244225
...
105
105
Feb’o'i
107
115
Feb’07
116
J’ne’06
104 4
105 8
104
May’Ob
Feb’06
112
401% 101% 101%
1921
1933
1933
118%
102%
M-S
A-O
1937
5s.1931
Chicago A Erie bee Erie
Chic In it Louisv ref 6s...1947
Refunding gold.5s
J,ote
HigtL.
lor. 4 10,^
15 125
126 %i
....
113% Feb’05
99% Feb’oo
79
73 4 Sale
103
January l
<
97 4 Dec’06
784
99
91
sauce
-
iXO
High
100
92 4
107
Registered
Sinking fund deb 5s
Registered
iMlSCEhLANKOljS
105 % Sale
Debenture 5s
Mm*l
No
116'
Mar’04
Oct ’06
200*2 j-j
BkCity 1st con 5s.1916.1941 j-j
Bk Q Co it S con gu g 5s. 1941 M-N
Bklyn U 11 El 1st g 4-5S.1950 F-A
Stamped guar 4-5s
1950 F-A
Kings Co 101 1st g 4s
1949 F-A
Stamped guar 4s
1949 F-A
Nassau Elec gu g 4s....1951 J-J
Conn liytt 1. lsl A ref g 4 4s ’51 J-J
Stamped guar 4 4s
1951 J-J
Den Con T? Co 1st g 5s...1933 A-O
Det United 1st con g 4 4s.l93'J J-.J
Hav.iea Elee consol g 5s. 1952 FA
Inter-Met coll 4 4s
19. f A-O
Iuternat True, coll tr 4s..J949 J-J
Loin* Ky Co lsl con g ;>s.. 193d A J
Manila Elec 1st it coll 5s. 1953 M-S
105
107
Apr’05
bee Long 1
Railway
Brooklyn Rap Tr g 5s
M-N
South western Div 4s.... 1921 M-S
Joint bonds See Great North
Debenture 5s
1913
Han & St Jos consol 6s. .1911
Chicdk E Ill ref it impg 4s 1955
1st s f cur 6s
1907
1st consol g 6s
1934
General cousol Ist6s....l937
General
78 101% 102%
100
1014
89% 90
90%
Oct
Oct
Get
1919
1927
Registered
Chic it lud C Ky 1st
91
90%
101%
92
Registered
1949
Sinking fund 4s
Feb’O"
90%
101% Sale
*
Debentures 4s Series E. 1907
Series F
1908
senes G
1901
Series H
1910
Series 1
1911
1st pret income g os
pi945
2d pref income g 5s....p 1945
3d pref income g 5s
pi945
Cliatt Div pur moil g 4s. 1951
Mac & Nor Div 1st. g os.1940
Mid Gait Atl Div 5s....1947
Mobile Div lstg 5s
1940
Registered
1950
Chic Burlife Q—Denv D4s 1922
Illinois Div 34s
194V
Sale
Registered
1995
1955
.
Railway 1st lien 34a... 1950
Nebraska Extension 4s.1927 M-N
95
.see At
brims A West bee Atl Coast 1.
BultaloN Y <t Erie bee Erie
Butlalo K it P geu g 5s...1937
All it West lstg 4s gu..l99s
Cl it Mali 1st gu g5s....1943
Roch <fc Pitts 1st g Os...1921
Consol 1st g Os
192*2
Butlalo it Southwest bee Erie
Bull it Susq 1st ref g 4s.<71951
Bur O R it N
bee C R I it P
/ iauada South 1st 5s
1908
vg‘2d 5s
1913
R e.gist ered.
1913
Carl) it Shawn bee Ill Cent
Carolina Cent bee Scab Air L
Cariliui.’eit Ad bee N YC& H
Ceil R la E it N
bee B C 'i it X
‘Jen Branch U P 1st g 4s.... 194:Ceu Branch lly
bee Mo Pac
Cento! Ga Rlt 1st g 5s..pl945
Consol gold 5s...'.
1945
g
R & A Div iBtcon
2d consol g4s
Warm Spr Val 1st g5s.. 1941
Greenbrier Ry 1st gu g 4s ’40
Chic & Alt UR ref g 3s... 1949
Gold 4s
1949
IowaDivBink fund 5s..1919
Knilroad
Bklyn tfc Montank
199*2
199*2
5s. ...1940
g4s.. 1989
1989
Registered
Cent beeCoast
Alabama
So RyLine
labaMull
Albany <fc Suso bee Del <fc Hue
Allegheny Valley bee Penn KB
Alleg & West
bee Bull R ifc 1
Ann Arbor 1st g 4s
A19955 Q
A tell T& S Fe—Gen g 48.1995
Registered
Craig Valley 1st
90
Q-F
^
^8
Jan’07
100%101% 100%
1939
General gold 44a
914
89 4 sale
89 4
904
Sale
84
83 4
84%
1034
$luJ% Sale 1034
t 99 4 99 4 99
Jan ’07
93% 94
93%
94
hese are pi ices 0 n the t
paid..1931
Registered
Am Dock it imp gu 5s..1921
Le it Hud R geu gu g5s 19*26
Leli it Wilks B Coal 5s.. 191*.
Cou ext guar 44s
</191o
N Y & Long Br gen g 4s 1941
Cent Pacific
See So Pacific Co
CentVermont 1st gu 94s.cl920
Chas & Sav bee Atl Coast Line
Cites it Ohio g 6s ser A..A1908
Gold 6s
alOll
1st consol g 5s
1939
Low
JIOh
Lange
»•
O
125 4 Sale ,1254
125%
125 4 Feb’e1
125
125
Oil
Feb’O.
112
10*2 4
loo 4 Jan ’u7
100
101
h 1987
Registered
Foreign Roverninent
Japanese Govt 6s sterl’g.1911
1911
2d series Os
£ loan 4 4e ctls full pd. 19*25
‘2d senes 4 4s ctfs full pant
Registered
Conv g 4s
Warrants for
A Si*
10 7
1
j Last bale
J-eb .'<
j
Cl
IBVe/c’s
Ranee or
Thursday
Cen RR & B of Ga col sr 5s 1937
Cent of N J gen’l gold 5s. 198
Registered
20 102%
i
Rric>'
i
High
105% 105%
130
1*2*
1*29
U S Pan Can 10-30 yr 2s.fcl93'
Unh'ipiMO Islands 4s.1914-34
Pub wks and imp rev 4s 193i
Pub wks and imp reg.. .193*
Gold 4s Of 1904
Ac
High
105% Feb’07
1054 Dec’t 0
1014 102
1014 102
/i.1907
.....19*25
BON IIS
N. Y. STOC K EXC HANGS
Week ending Feb *.*2
Since
January
100
103% 103 4 Aug’OO
Sale 103%
lo3%
i‘02% IIII.
3s cou small bonds..£1918
S 4s registered
Zil9()7
£ loan 4s etfs full
100
Weekly and Yearly
iw.f>
Range
=> c
Last babe
a 8k Low
1054
105 4
102%
103%
3s registered
k 1918
3s coupon
fcl91b
3s reg small bonds..fclHls
s 4s coupon
S 4s registered
V s 4s coupon
Week's
Range or
Reb'JL
Week Ending Feb 22
U
U
U
U
U
U
U
U
U
Prir"
Thursday
folk
1
oruiTviM;
h Due J’ly
zcDuoAug
10441064 1064
84
111
113
115
113%
88
112%
107
Sale
106% 108%
10G%
Jan ’07
111% Feb ’07
1 13 % Feb’07
113% Dec’uO
84
88
s
-
85
84
110 4113
113%1134
le
113
Feb 07
93 4 ,J IV’06
109
J’ly’Oo
In? 4 Feb’06
90% 90 4 Sep ’UO
103 % Oct. ’06
110 4 Nov’06
Feb’07
884 89
1 GO
Jan ’07
82
82 4 81 4
oDuo uct
pDueNov
88
* *8*9 *
112% 1144
89
100
s
94
100
814
83%
95
85
option Sate
!
ii«»ND>
Ttb 22
asSiLow
Uni'; St L 6c Pitts
iSwPennCi.
Clue St PM40 con 6a... 1930
Cons 6b reduced to 3 4s.l93</
Uh St P & )1iud 1st g 6s 1913
Nor Wisconsin 1st 08...15)3<>
1* & S City 1st g
>
Consol 50 year 4s
195.
Cltic A vV Alien free PereMarq
Clioc O ik Cult
see C R l <fc P
Cin H 6c D 2<i erolu 448... 1037
Cm D& 1 1 Rt til g 5n... 1941
O Find & Ft W 1st gu 4s -'.’ -3
Cin l 6c W 1st. tru n 48.1953
...
104 4
5)8
100
E*
(** *99*4
Oct’00
9
*8*3**
Jan ’u7
Erie & Pitts
see Penn Co
Evans 6c t H 1st cons 08.1921
1st general void 5s
1942
Mt Vernon 1st gold
Soil Co Brandi 1st g 5s. 1931
83
97
190
4!
101
99 4 Jan ’< 7
9 • 4 Feb’t>7
99-Tg
5*9^8
98
98 4
97 4
97
984
97
97-
.
J an ’97
993* l* etj’95
98
Sep ’90
105
Jan ’U4
..
99 4 Jan
99 78..
H834
..
Kens
99 4
99 4
1*1*84 i*18*4
---
|*13*1*4
132
95
94
7234
il234 1135s
1104 Jan ’0
714
914
104
1204 1214 119 4
122
12l68
127
121
90
98
194
121^120 4
12*1*4
110
1
717b
714
744
t'l 4
9058
94 4
7s.1921
M-N
....
94
4
924
97
Jan’02
110
92
92
Sep’04
Lytl
xi
*4 Feb’06
10u-’8 1OGA*
Mar’98
1104
10
87
7
103
103
86
Jan’07
.
1951
Gold 3 48....1
1044
i < *94 i 1 i
...
85
S7
103
103
108
100 ^2 Bale
10
95 4 974
102 4102 4
104'*4 106 4
934 96
874 874
......
1114
1114
112
1937
VJ-X
*1024 103
......
102
1054
110
99
1284
each...1943
11141114
...
U0S112
Jan’07
8*5
Sale
854
'
397e
»
...
1,00
J-D
MS
J-1)
J-D
J-D
117*4
J-D
Al-S
100 4
....
....
130
1*07
....
4
^
105 4
....
1114
....
iou*4 IIII
1stgOs.1910 A-O
fiq G LN Y 1st con g 5s.. 1932
Gas & Elec Berg Coc g5s. 1945*
Gen Electric deb s.' 34s.. 1942
Gr Rap G L Co 1st g 5s...1915
Hudson Co Gas 1st g 5s.. 1945*
Kan City (Mo) Gas 1st g 5s 1922
Kings Co El L A P g 5s... i 937
Purchase money bs.._._. j.997
Ed El 11 Bkn 1st con u 4s 15*35*
2 102*4
10284
....
i00 ^ 1034
1
10234 10234
....
.
•
8934
91
7834
7834
.
.
...
5*0
Nov’5*8
...
102
102
«...
....
11934 51at’04
....
....
9358iday’04
101 4 Aug*O0
103
Nov’04
....
2 104 4 105
104 4
104 4
107 4 Dec ’02
100
100
115
115
5)938
79
111
85
...
99 4
Jaii’o«
6
1
115
8
5*9
77
109
85
...
JTeb’u?
06
3
724
47
1154
99°b
79
111
80
an
.U See St L A S F
KCAMRAB See St L A S F
Kan C & Paciho See M K A T
City Sou let gold 3a.. 1950 A-O
Registered
1950 A-O
Kentucky Cent See LAN
Keok A Dea Mo 6’mCRIAP
Knoxville A Ohio See So Ry
I ake Erie A W 1st g5a..1937 J-J
2d gold 5a
1941 J-J
North Ohio lat gu g oa.,1945 A-Q
L Slio A Mich S See N Y Cent
Leh Val N Y 1st gu g 4 4a. 1940 J-J
Registered
1940 J - J
Lehigh V'al (Pa) cons g 4a.2003 M-X
Leh V Ter Ry 1st gu g 5a.1941 A-O
1941
129 41294
**97*’**9*9*4
Leroy A Caney Val See
Long Dock See Erie
59
86 4
*8*5** *88*
85 4
854
894
854
914
954 1034
90
1174 1184
....
Long
I»l’d—1st
con g
1st consol gold 4s
General gold 4s
724
714
11334 Sale ii334
ii:j34
107 34 1074 Feb’u7
117
109 4
Jan ’uo
no
108
704
5
72
112*8 1151*4
107 *8 1077s
....
107 41074
1074Feb’07
112*8Nov’()5
95 ' Oct ’00
116
Oct’00
109 4 Oct ’95*
1124 11258 Apr ’00
»
J-J
M-S
M-S
A-O
A-O
717e
03 r Oct ’ou
A-O
9034 Jan ’07
9534
107
103
113 7e
114
114*8 Feb’07
...
i)634
...
9634
Jan ’00
105*4 Jan ’Ou
1
5s./il931 Q-J
/il931
Ferry gold 4 4s
Gold 4s
Bklyn A Mont 1st g Os..
1st
1911
os
u-J
J-D
M-S
J-D
M-S
J-D
M-S
M-S
M-S
Louisiana A'Ark 1st g 5s.
1927
94
96
99
108 4
5(8 4
Nov’06
5*9*4 Oct ’00
95 4 Feb’07
4
....
994 Feb’07
102 4 Jan
’07
114*8
103 4 103 4
103 4
1 154
115
Jan’01
1174
100
*98
*
10734
98
99
94
95 4
98
99 4
102 *3 102 4
109*, 105**4
109*4 Jan ’07
Nov’O t
109*4 111 *4 109
110*fiNov’0t
100 4
100*8 100
101*8 J’ly’00
....... 109
J-D
98
112
Q-F
1024 Sale
A-O
5)8
102
110 -J'ue’04
107 4
M-S
J-D
M-X
J-J
J-J
M-N
1 100 4103
98*4 Sale
A-O
M-S
114
99
103 4
102 4
1 10
Q-J
JllSCJELLAiSEOUS
C*n* mid Electric Light
Atlanta G L Co 1st g 5s... 1947
Bkiyu U Gas 1st cou g 5s. 1945
Bultalo Gas 1st g 5s
194 7
Consol Gas conv deb Os.... 1909
Consum Gas See P(i<fcU Co
Detroit City Gas g 5s
1923
Det Gas Co" cou 1st g 5s...1918
fid Ei ill Bkn See KCoEL&P
fid E Ill see N Y G & E L H 6c P
•
100*4 i*o678
4
121 >4 Dec’OO
......
......
-
Oct ’06
104 4 Get ’00
Oct’06
110
110
Apr’00
Wilk 6c Fa lstgu g 5s. 194:
Evtfc Ind 1st con gugOs.. 15120
•
....
5*3 4 J ’ne’OO
101 4 uct ’99
100
Nov’OO
102
Jan’O?
122
Dec’06
•
119 4
100
J-J
J J
97
J-J
M-N *115
M-S
994 Salb
78
79
M-S
Ill
J-D
80
M-S
L18
M-N
•
10478
-
Kai AA AMich
G R See
SeeTol
L SAAOMC S
E1C A N 1st pf Os
Gold guar 5s
1914
Leh A Hud R See Cent of N J
Leh A Wilkesb See Cent of N J
1004 1004
97 4
’06
104°8 Feb’OH
118 4 Jan’07
101 4 Nov’OO
129
J’ly ’04
118
Sep’00
Lo97e Oct ’05
121 4 Dec’06
1154 Dec’OO
100*4 Dec’06
100 4
100 4
....
......
......
F-A
Registered
90 4
95^ 96 4 9534
127
Nov’O
120
122
1013s
Ii84
10ia4
1094 Sep’06
104*4 Aug'01
100 ^2
iuO^i
1*54 J’ly‘O'
5) J 4 J 'ne’OO
Uct ’0-1
70
10234
10234
102
Oct ’Oi
102
1**2
91
Leh V Coal Co 1st gu g 5s.
l.eli ANY 1st guar g 4s..
99 *a Oct
85
85 4
‘.0
....
^
-
-
1951
1951
1951 j-I)
Registered
Feb’OO
97*4
7 4 Sale
104
-
Dec’OO
May’06
10234 Jan \i7
8 9-‘4
894 Feb’<.7
123
May’l'i*
,78 4 Apr’00
78*4 7s34 Feb’o'i
103
F-A
J-J
J J
J-J
2d gold 5s
1909
3d gold 4s
1921
Iowa Central 1st gold 5a..1938
Gold 4a
1951
Jerteraon RR See Erie
92
92
.
133
9
11
....
loO
J-D
J-J
F-A
5*64
K C Ft S A
1074 Jan’06
109 4 Dec’06
1084 Aug’od
110 4 Oct ’00
1004
IU078
9 4 Jan Jo7
109 4
......
M-N
I nd Bl A West See C C C A St L
Ind Dec A W 1st g 5s
1935
1st guar gold 5s
1935
Ind Ill A la 1st g 4s
1950
Int A Great Nor 1st g 6s..1915)
*1134 1154 U44Nov’06
10038
......
*W8
10241024
104 34
l(H7f.
In3
Nov’oii
9834 Nov’uO
1074
D434
944
....
102 4
102 4
100
-
76
94»,
984
3 4s...1951 J-J
Registered
Gold 3 4s
Registered
1034 109*4
1054110
......
15)51
g
5’5
94j4 Fob 07
Sale
-
Memph Div 1st g 4s...15*51
St L Sou 1st gu g 4s....1931
Oct ’06
Jan’07
Oct ’06
86
1114 Jan ’07
112 4 Feb’00
S8
Registered
1990
1st oonsot gen lieu g 4s.. 1990
Registered
199t
Penn coll tr g 4s
1951
50-year conv 4s A
1953
Burt N Y 6c Erie 1st 7s..1910
Butt 6c S W gold Os
1908
Cine A Erie 1st gold 58. .1982
Jell RR 1st gu g 58....al909
Long Dock consol g Os..1935
CoalA Kit lstcur gu Os.1922
Dock 6c Imp 1st cur Os. .1913
N Y 6c Green L gu g 5s. 1940
N Y Sus A W 1st ref 5s. 1937
2d gold 4 4s
1937
General g
1st
Terminal
gold 5s... 1943 M-N
JsUic
....
no
......
Kan
Erie 1st ext gold 4s
1947
2d ext cold 5b
1919
3d ext gold 4 4s
1923
4tli ext gold 5s
1920
6tli ext gold 4s
1928
1st consol gold 7s
1929
1st consol g luml7s
1929
Erie 1 st con g 4s prior.. 1990
Friday;
iOo
997b1024
J-J
western
1104 1114
944
674
914
874
94 4
873<
1999
Lines 1st g 4s..1951
Bellev A Car 1st Os
1923
Carb A Shaw 1st g 4a...1932
L
A
Chic St
N O g 5a...1951
104
Sep’00
J*ne’05
95 4
954
105 4 102 4 Jan’07
106
4
Feb’07
104°b
2d Os
1910
Dal Short Line See Nor Pae
Dul So Shore 6c Ati g 5a.. 1937 J-J
IT'ast ot Minn see St P M & M
Jcjaat Ten Va A Ga See So Ry
No price
0
...
10 0*8 Feb’O f
154
A pi 05
944
4 48.1999 J-J
Registered
1953
Cairo Bridge gold 4s. ...1950
LouisvDivATerm g3 4s. 1953
Middle Div reg 5s
1921
Omaha Div 1st g 3s
1951
St Louis DivAterm g3s. 1951
1951
Registered
Nov’OO
9534 Sale
Detroit Southern—
Ohio Sou Div 1st g 4s...1941
Dul 6c iron Range lst5s..1937
Elgin JolA East 1stg5s.1941
Elm Cort A N o See Leh 6c N Y
104
Jan’07
Sep ’00
1034 Feb’07
1024 Aug’OO
10, c* Aug’OO
102
Feb’93
133
Feb’OO
127a4 132
149
123 4
Aug’OI
105
Iu334 Salt l0434
10 i
1004 190
133 4 Dec ’06
13334
1910
1940
....
g
1951 3-j
1951 j-j
1951 A-O
1951 iVI- 8
1952 A-O
Registered
1952 AO
L N O A Tex gold 4s ...1953 Al-N
Registered
Soring Div 1st
Improvement gold 5s... 1923
Rio Gr West 1st g 4s
1939
Mge and col trust 4sA.1949
Utah Cent let gu g4s a.1917
Rio Gr So gu See Rio Gr So
Des Moi 6c Ft D
See M 6c St L
Des M 6e Minn
See Cli 6c N W
Des Moi Uu Ry 1st g 5s.. 1917
Det A Mack 1st lien g 48.1995
Gold 4h...................1995
t
>•)
High Ao;
Dee ’uO
105
95
J
Registered..
Extended lstg34s
1st gold 3s sterling
Coll Trust gold 4s
,
RR Bridge See Pa lilt
R Gr 1st cou g48.1930
Consol gold 4 48
1930
Regis $5,000
hanoe
January 1
Sale
Sale
A-O
Illinois Central 1st g 4s. .1951
A-O
Del Riv
Denv 6c
Mid Kit of X J
llO
80
Col A H V 1st ext g 4s..1948 A-O
Col A Tol 1st ex 4s
195.' F-A
Houst E A VV Tex
See So Pac
Houst A Tex Cen See So PacCo
j j
15(51 j j
Registered
70
113s8 Feb ’07
71 \
91
1917
Registered
J-J
J -D
J-J
1st gold 34s
70 4
70
consol
Registered
* 95 *
94:,4
70 4
112
7s..1900
A Saratoga 1st
108
.ul 4
Han
A st Jo SeeSeeS CY BN AH QA H
ousatonic
’97
L3‘i* Feb’07
944* Sale
Warren 1 st ref gu g 3 4*. 2000
Del * Hud 1st Pa Div 7s.1917
Registered
Lutv
117
100-4
A-O
Registered./!
1921 Q-J
Greenbrier Ry See dies A O
G u I f A s I 1 st ref A t v 5s b 1952 J-J
..
09
113
hak 6c Gt So See C M A St P
10-yr oonv deb 4s
Alb A Sue conv 3 4a
At>K
114:*8
A-O
RapA Ind sec Penn RR
Gray’s Pt Term See St L S W
(it Nor—C B A Q coil tr 4s 1921 J.
104*4 Nov’01
alias 6c Waco
See M K A J
■Del l^ack A Western 7s...1907
Moms A Essex 1st 7 s... 19i 4
1st consol guar 7s
1915
Registered
1915
1st ret gu g 3 4s
200u
N Y Lack 6c W 1st Os...1921
1923
Construction os
Term 6c improve 4s. ...1923
Syr Bing A N V 1st
HiU
Fla C 6c
Fort St
Ft W 6c
Ft W 6c
‘
4s. 194:!
2Z
>
|J
see Cli M 6c 8t 1'
PereM
See Pete Mai
Hock V'al 1st
113 4 J’ne’Ot
118 4 Jan '9.
..
* "
132
131
1990
g
WeeK’s
Kan ye or
Last ^a.e
j. hi go ifc .2>o
5
99 4 Dec’OO
..
199 S,
1st g 5s. 1935
1st
Srice
Thursday
Fe
J-J
liutA
Penin See Sea Air LintU D Co 1st g 4 4s. 1941
Den C 1st g Os.... 1921
Rio Gr 1st g 4s... 192.'
’ ai Har ASA
See So PacCo
1
{ TalH A H of 1882 1st 58.1913
Georgia A Ala
See Sea A Line
(la Car A Nor
see Sea A Line
Georgia Pacific
See. So Ry
Gila VGA Nor
See.So Pac Co
*touv A Oswegat see N V Cent
102
101^
97a4
..
99
Clev 6c Marietta See Penn lilt
Clev A Mahon Val gas...193;-* j.j
01ev A Pitts
See Penn Co
Col Midland 1st u 4s..1... 1947
Colorado & Sou 1st g 4s... 1929
Colum 6c Greenv See So Ky
Col 6c Hock Val See Hock Va.
Col 6c Tol See Hock Val
See X & W
Ool Conn 6c 'I'erm
Conn 6c Pas Kivs
■8
Os..1923! A-O
A-<
20 >
1.241124
977s 98
97
1934
Income 4s
181*4
1
Aug’OG
(Jfl
=
Grand
1st pret 4s.1949
1st pi 5s...d J 93s
1st con 4s... 19 0
Cl Lor A Wit con
13*14
113
1990
Registered
Dec’93
1014 101s4 101;’4
Registered
ArP.C’.O
Fin S& Cl con 1st g as.. 192v
C C C A 1 consol 7s
1914
Consol sink 1 mid 7s.... 1914
General consol gold Gs. 1934
Ind Bl & W
O ind A W
Peo A East
131
129'*4 131
107
83
OIStL&C See C C C & St i.
0 i n S 6c C See C C C St E
Ciearlielu & Mali See B R & P
Clev Cm C & st L geng 4s 1993
Cairo l)iv 1st gold 4s
1939
Cin W& M Div 1st g 43.1991
St L Div 1st col tr g 4s..1990
K
Iahv
!i;'l4Xo\’(ii99 ‘4
99 4
112 4 Jan ’07
977«i 9/78 Fcb’07
>4
:
'.V
Hxqh
1
STOCK EXCHANGE
kK!v i .NDING FEB 22
N. Y.
Since
H
?!
BOND"
Kantje
January
i
<
spr «fe Col l>iv 1st g 4s..194<>
W VV Val Div 1st g4s...l94u
C 1 St LA C consol Gs..192H
1st gold 4s
lc 1930
9 i
43
t
O'ncasro Ter Trans g 4s...1947
Coupon e»if
Clue A•
r 5nd een gGs</i
Registered
cl
131'4
$*4
1129:i4 Mar (M
)•'*« 12034ll29V; Feb’( 7
131 *4
IU
Os...1919
N-
13l4!l3i
j 93
.
r
Sc
Kanqe or
Last hate
Thursday
N. Y. STOC K K X C H A NG E
Week Ending feb 22
i !
Wee/c's
Hr ice
(VOL. LXXX1V.
Record—Continued—Page 2
New York Bond
434
98*8
974
112
109
98
112
5
103 4 103 4
115
115*4
101
14
100
4
i*09
ibo
97
10
l 112
112
98
BONDS—Continued ou Next Page.
t*as and Electric Light
J-D
M-N
A-O
J -J
J-J
F-A
M-S
J-D
F A
F-A
MX
A-O
A-O
A-O
J-J
107 4 107 4 107*8
70
73*, 73 4
137
133
101
99
2
1064107*8
03*4 73 4
0
133
4
107*8
73 4
137
13934
Dec’OO
1014 Nov’OO
....
Nov’03
014 Oct ’(*1
112
86 *4
89
99 4
86*,
80*4
10734 Dec’OO
103 4 Nov’OO
5*8
Dec’OO
1
86*4
::::
....
0
no
Nov’OO
117
93 4 Mar’OO
latest bidand asked this week, o Due Jan
::::
80*4
Lac Gas Lof St L 1st g 5a.el919
Ret and ext lat g 5a
1934
Milwaukee Gas L 1st 4s.. 1927
X Y G E L H A P g 5s...1948
Purchase money g 4s. ..1949
Ed El 111 1st conv g 5s..1910
1st consol gold 58
1995
NYAQE1 LAP 1st con g 5sl930
N Y A Rich Gas 1st g 5s.1921
Pat A Pas G A E con g 5s. 1949
Peo Gas A C 1st con g t»s.l943
AO
M-N
J -D
102*4
F-A
8234 Sale
M-S *1014 102
112
J-J
F-A
99
M-X
98
102
MS
A-O
1194
Refunding gold 5s
1947 M-S 102
102 4
Cli G-L A Cke 1st gu g 5s 1937 J-J
lt'J
Cou G Coot Cli lstgug58.’30 J-D
105
Mu Fuel Gaa 1st gu'g5s. 1947 M-N
104
J-1)
Syracuse Lighting 1st g 5s.’51
M-&
ITeutou G A El 1st g 5s..1949
*
103
Westchester Lisrht’c •: 5s.1950 J-D
b Due Feb d Due Apr e duo May n Due
102 4
102 4
102
Feb 07
91 4 Jan ’07
102*4
103
82*4
83*4
101
Deo’OO
113Q J’ne’06
rf/flVijiRf
4
28
914 914
102*4 103 4
82 4
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10434 Nov’05
119 4 Jan ’07
102
Feb’07
115)
102
119 4
Oct ’06
Jan ’07
102
102
103
100
102
110
May’05
1014 Feb’07
J’ly /crDue Aug u Due Oct y Due Uee
.1
14 102 4105 4
102
102 4
....
102
1014102
jOttiouSal*
BOMK"
slOL’K
V.
N.
ifc
LOU1-.V
j_,Uu» ifc
EXCHANGE
beb 21
Xashv—(Continued/
Lex gold 4 4s...1931
109
Mar’05
127
Dec'06
122 4 Mar’Od
107 4 Aug’06
120 ’ Jan ’07
120 4
72 4 71 4 Sep '06
116
J’ly’06
1084 Jan ’06
97
"
Feb’07
96*4 961i
J’ly’OG
103 Hi 107 Hi 108
J-J
J-J
M- S
coUi 6s
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An knox
Mi
....
...
...
102 *4 103
25
184
......
......
137
J’ne’05
111 4 Oct ’05
MS
J -J
A-O
Jan’07
Mar’05
1104
Feb’07
....
....
5
Feb’07
95 4
1943
1920
1**7
M-N
119=8 120
1 19
1920
F-A
M-S
M-N
Is -A
J - J
F-A
1945
1938
4s. 1919
Leroy ifc C V A L 1st g 5s 1926
Pac R of Mo 1st ex g 4s.1938
void loau 4s
100
116
116
1134 114
J-J
2d extended gold 5s...1938
A-O
St L Ir Mifc Sgen con
A-O
Gen con stamp gtd g 5s
c5sl931
1931 J-j
4s..1929
gold
Unified ifc ret
RlV <fc G Div 1st g 4s..1933
Verdi V 1 <fc W 1st g 5s.
Mob «fc Birm prior lien g 5s
Mortgage gold 4s
MobJ A K C 1st cons g 5s.
Mob <fc Ohio new gold
1st extension gold
1926
J J
J-J
-
j-j
*
J-D
....
11041114
1064 1074
2 106
1064
.
1*)3 4
Feb’07
.
2
116
116
1134
1134
116
Nov’06
65
85
90
90
107 4 Apr’06
1154 Apr’06
96
Oct ’05
90
123 4 Sale
1234
Dec’06
1234
Deo’05
122
93 4 Jan’07
114 4 J’ly ’06
92 4 Aug’06
101
Nov’04
7
lo
86
884
914
924
98
*93
108
.
.
1 1214
124
93 4
94
.
.
Morns ifc Essex
ifc W RR
See 1st
C CgC68.1936
ifc St L
OInd
hio River
General gold 6a
1937
Ore & Cai
See So Pac Co
Ore RR & Nav
see Un Pao
Ore Short Line
See Un Pao
W
Nash
Chat &gold
StL5s1st7s. 1913
1st consol
1928
Jasper Branch 1st g 6s.. 1923
McM M W ifc Al 1st 6s..1917
Branch 1st 6s. ...1917
Flor ifc Shel See L ifc X
T ifc P
Nash
Nat of Mex prior lien 4 4s.
1st consol 4s
New H «fc D See X Y X H «fc 11
N J J unc HR See X Y Ceut
New ifc Cm Bdge See Penn
N Oifc N E prior lien a 6s
1
N Y Bkln ifc 51 an Beh See
N Y Centifc H Hit go 4s.
Registered
Deben g 4s
:
Lake Shore coll g 3 4s... 1998
1920
1951
Co
pl915
L
1997
1997
1934
1998
Registered
Midi Cent coll g 3
J-J
A-O
J-J
J.J
J-J
J-J
A-O
113
864 Sale
.
11641164
1134116
.
"J’ly’04
1024 102 4
9
844 874
L024 Jan ’07
864
87
J-J
J-J
M-N
F-A
F-A
F-A
F-A
934
92 4
99
88 4
84
87
35
874
844 844
934
92 4
984
83 4
934 119
92 4 Jan ’07
1
98
98
Sale
98
84 4
84 4 29
84 4 Sale
84
Feb’07
83 4 84
85
Feb’07
86
83 4 844 Jan ’o7
102
Feb’07
1014
Mar* 04
102
93 4 Sale
934
....
.
.
-
....
.
102
...
102 4
104
103=0
83
95
102
103
105
104
100
Apr’02
F-A
1 g 5s.. 1943 FA
1911
Convertiule deb g 5s
J-J
Col C ifc L Dev gu 5s g..l909
Col F ifc I Co gen s
1919
6sl919
Col Infill 1st A coll 5s uu.. 1934
Contin’tal C 1st s t gu 5s g.1952
Jetl ifc Clear C ifc I 1st g 5s. 1926
2d gold 5s
1920
Kan <fc 11 (J A- C 1 si s t g5s. 1951
Col Fuel Co aeu «ohl 6s.
Gr Riv Coal ifc C 1st g
Va) Coal Istgs ! os. 1928
l;*-il
Sunday Cr e ; Co g 5s
Pleas
1951
a1917
6s.. 1917
g 68.1922
Tenn Coal ven os
Penn l);v 1st g 08
Birin Div 1st cousol
724 Sale
100 4
72 4
7*
72
121
118
..
.
100 4
108 4110
94
91
113 4
J-D
A-O
U734
99\
6
96 4
2
894
98 4
914
by 4
99 4
203 1014 1024
100 4 102
72 4 744
60
71
71
954
1917
1921
1921
reg.1937
J-D
May’OO
1114 113 4 Nov’OO
974 99
1064109
97 4 Feb’07
1074 1074
1044
1**6
103
106
1054
1054
A-O
J-J
J-J
M-S
F-A
J
964
1234 Xov’O**
132
J’ly’99
113
Mar’Ot,
10H *4 Nov’Oo
98 4 Oct ’u6
93
May’Ot
117
Nov’OO
116
iio
Guar 3 4s coll trust
Guar 3 Has coll tr ser B...1941
M-N
Tr Co certiPs gu g 348.1916
Gu 34s tr ctfs C
1942 J-D
95 4 Sule
D
G-348 tr ctfs D
1944 A-O
Guar 16-25 y arg4s
1931 AO 1154
C St Life P 1st con g 58.1932
107 4
J-J
Cl ifc P gen gug448ser a.’42
1064
Series B
1942 AO
96
Senes C 3 Has
1948 M-N
F-A
Senes D 3 Has
1960 J-J
924 94
Erie* Pitts gug 3 Has B.1940
1940 J-J ibi
Senes C
J-J
N & C Bdge gen gu g 4 Has 1945
1094
A-O
PCC & St Lgu 4 Has A... 1940
1094
A-O
Senes B guar
1942 M-N
Senes C guar
1942 M-N 1004
1945
Series D 4s guar
90 *c
F-A
Senes E 3 Ha guar g...,1949
102
Series F 4s guar
1953 J-D
J-J
Pitts Ft W ifc C 1st 7s... 1912
2d 7s
1912 J-J
A-O
7s
A1912
real eet g4s.l923
Consol gold 5s
1919
Consol gold 4s
1943
Convertible g 3 Has
1915
Convertible g 3Has
1912
3d
Penn RR 1st
M-N
M-S
M-N
J-D
M N
M-S
Alleg Val gen gu g
M-N
Cl tfc Mar 1st gu g 4Has..l936
F-A
D R R R tfc Bge 1st gu 4s g.’36
1941' J-J
Gr R ifc I ex 1st gu g 41Hast
'
'
“
J’ly’06
Feb’07
1054
6
*3
90 4 J’ne’06
90
Oct ’06
95 4
05 4
Oct ’06
89
90 4 Mar’06
97 4 Jan’07
115
Jan ’07
974 974
1074109
*105 4 i*07
1054 1054
1
95
95 4
97 4 97 4
116
115
1084 Aug’03
984 Dec’05
96
Jan’04
964 Jan ’06
984 Api ’04
68.1910
5s. 1949
M-N
A-O
FA
96
95
83
J-J
J-D
F-A
M-S
96
1
96
1004
J’ly’06
102=8 Apr’06
69 4 Sale
106
78
934
95
1064 Sale
and asked.
Oct. '00
105
7c3
Feb’UT
05
95
106 4 Jan ’07
1064
100 \)
102
100
ib'b
95
70
107 =8 Dec ’04
107
May’97
102 to Oct ’*>3
105 4 Dec’06
69 4
96
96
Dec’03
Feb’07
96
Am Telep & Tel
Comm Cable Co
Met T ifc T 1st s
Telephone
coll tr 4s 1929
1st g 4s..2397
f g 5s
1918
State Telep. 1st 5s.1924
Micb.
X Y ifc X J Tel gen g
107 4 Oct ’04
F-A
J-D
J-D
J-J
J -J
J- J
J-J
A-O
96
32
764
694
coi
5s.. 1920
5s.1938
1950
1911
guf 44s g.. 1934
West Union
tr cur
Fd and real est g 4 4s...
Mut UnTel s fund 6s...
NorthwTel
784
78
96
94
1064 1064
1064
105
Am Cot Oil
Am Hide ifc
934 Sale
964 Salt
1034
112 4
J’ne’05
1094 1094
98
Jan’07
91
Feb’07
08
91
98
91
127=8 Oct ’02
119
J’ne’OH
119
Apr’04
Dee’OC
104
1114Sup ’04
lOti
Aug’03
93
93 *v 313
95 4
96 173
1044 Oct ’05
Jan’05
110
95
9541004
924
974
108
103
Sep ’06
Industrial
ext 44s
1915
L 1st s f g 6s.. 1919
1**2
Jan’07
90
96 4 J'ue’OO
109
4 May’05
109 4
97
Feb’07
1**5 4 J’ly’03
102
102 4 102 ’
Q. J
M-N
F-A
M-N
J-J
M-N
M-N
100
101
93
106
J-J
Am
100
95
aDueJan b Due Feb c Due Mar
98
Ain
4s
Q-F
M-S
A-O
Ice Secur
1951
d Due Apr A Due J’ly iebue Aug o
90
90
J-J
deb g Ge.. 3 925 M-S
Spirits Mfg 1st g 6s.. 1916 J-J
Thread 1st col tr 4s... 1919
Tobacco 40-j^r g 6s
1944 A-O
FA
Anier
Am
IOO
16
108
101
’06
1094 Feb’07
1004
loon
1U6 4 Mar’06
103
J’ly’04
Vlnnuincturing iSc
....
i
1004 103
10*'4 Oct
BONDS—Continued on Next Page
Telegraph nnd
Coni nut! Iron
1 i .day; latest bid
31
....
102
Feb’07
72 *Feb’07
954 Juu ’07
1014
4s...1942
Dec’06
Oct ’02
1014 Deo’OO
A118CELL 4JNEOUS
"No pnoe
994 Feb’07
4129 4
.
A-O
4s....1998
Registered
1998 J-J
Beech Creek 1st gu g 48.1936
1936 J-J
Registered
J.J
2d gu cold 5s
1936 A-O
Beech Cr Ext 1st a 3 4s61951
J-D
Cart ifc Ad 1st gu g 4s. ..1981
J-J
Clear! Bit Coal lsts f 4s. 1940
J-D
Gou v <fc Os we 1st gu g os 1942
M-S
Moh ifc ilal 1st gu g 4s..1991
F-A
N J Juno K gu 1st 4s...1986
A-O
N Y ifc Pu 1st con gu g4s 1993
Cali C 51 Co 1st gu
De Bar C ifc I Co gu g
Valron Coal ifc Co 1st g
129
lOt*
Feb’06
96 4
90 4
90 4
90 4
109 4 Feb’05
1014 Sale
9941014
IS
ibi 4
n
ac
.
90 4 Sale
105
99
99H»
F-A
Coast
Fac of
Co 1st gSee5sMo 1946
Missouri
Pac
.
98 4 Salo
103 4
Feb’06
1304 Feb’06
127 4 Oct ’06
98 4
9-s
1-7
102 =a
6
NYC
Registered
11641164 1164 Jan’07
1134 Feb’07
1134114
1194 Feb’06
11630
1174 Mar’06
110*4
104
Sop’06
129 4 Jan 0.
Oswego & Rome See
O U F A St P
See C ifc N W
A-O
Or.’rk & Cher C 1st gu 5s g.1913
Panama 1st s fund g 4 4s..
Penn Co—Guar 1st g 4 4a.
See S P Co
See Del Life
1134 114
....
102
1294
1274
2d 5s
1917 A-O
J-D
1st consol gold 4s
1968 O-M
1948
Wash Cent 1st g48
J-J
Nor Pac Ter Co 1st g 6s.. 1933
N or Ry Cai
See So Pac
Xor Wi8
See C St P M ifc O
Nor ifc Mont See N Y Cent
M ifc O
Morgan’s La ifc T
.S'eeGtNor
6s....1923
Registered certitic’s..l923
St Paul ifc Dul 1st 5a....1931
4 116
8 1134
Mar’oo
Feb’*).
’02
100 4
100 4
1014 J’ue’06
V
C Bifc (jcolltr4s
St P <fc N P gen g
10141014
1174
114
....
119 4
113 4
1004 Sale
Paul-Dul Div e 4s
1996
M-S
Dul Short L Istgu 5a..l9ie
964
94 4
J’ly’06
94 4
944
....
124
St
103 4105
89 4 90
2
....
’07
1184
1997
General lien gold 3s....a2047 y-F
Registered
o2047 y-F
J -D
.
’ud
94 4 Jau
1014
gl992
Registered
106
107
26 119
1194
5 1044106
94 4 1 ><•»■
1004 1*>04
1024
Pocali 0 ifc C Joint 4s.. 1941 J-D
J-J
CC& T 1st gu g5s
1922 Al-N
Scio VANE 1st gu g 4s 1989
North Illinois See Chi & X W
North Ohio See L Erie & W
Nor Pac—Prior lien g 4s..1997
8
94
99 4
...
Aug’06
103 H1004 Oct ’06
1996
....
944
L<fc Cairo coll g 4s..el930 J-J
Guaranteed g 4s
1931
coll 4s See Southern
Mohawk ifc 51 ai SeeX YCifcH
Mononganeia Kiv See B ifc O
Mont Cent See St P M ifc 51
St.
12
io?
O-J
M-S
F-A
O-F
1937
only
103 4
94 4
97
1034
100 4
10J 4 1034 103*8
1931
6s..1934
103
104
85 4 86
86 4 8.h 4
87
87
104 4 104 4
Ho 4
95 4
....
94 4
110
Mar’05
1014 Jan ’07
Sale
92
85
90
M-N
M- 8
1945
1945
1953
6s..1927
6s..A1927
1938
g 5s..1947
947e
Regis $5,000
4
1134 Jan
X Y & Put See X Y C & H
N Y ifc R B See Long Island
X Y S ifc W
See Erie
X Y Tex ifc 51
See So Pac Co
Xor <fe South 1st g5s
1941 M-N
M-N
Xorf ifc West gen g 6a
F-A
improvem’t & ext g
Xew River 1st g 6a
1932 A-O
A-O
X ifc W Ry 1st con g 4s.
Registered
1990 A-O
Div’l 1st life gen g4s..,1944 J-J
984
88
974
844
67
....
1194
7a
102 4 li'34
9o
93 4
1104
94
23
1**44
1044
107 4 Feb'06
Saio
89
99 4
109
92
87 ’Jan ’**7
1044 Jan’07
1**4
104*i
1184
Nov’01
51-S
M-S
M-S
118
94 4
113
X Y da Greenw I^ake See Erie
X Y & Har See X Y C ifc Hud
X Y Lack & W
See D L ifc W
X Y L E & W See Erie
X Y ifc Long Br See Cent of N J
Xew York Xew Hav & Hart—
M-N
Housatomc R con g 5s..1937
M-X
X H ifc Derby con cy os.1918
X Y ifc North
See X Y C <fc H
M-S
X Y O ifc W ref 1st g 4s..fll992
M-S
Oct ’00
5s. 1942
3d. 7s extd at 1%
Cent Br tty ist gu g
274
21
Apr’00
.M-S
J D
M-N
stampod.al917
al917
*112
93
94
4
:>**< ’t*6
J’ly’OilJ'ue’OO
1004 Ja*> ’07
106 4 Nov’OO
.
1UU;4
2000
105
03
ii, jl1(*2
104
1 184
119
1034
92
Registered
1114 Feb’o7
167
107
1064
1064
108 4 Apr ’06
1**7
Jan'Oi
Registered
1st coll gold 5s
125
loo 4
J L ifc S 1st g 3 Has
1 st g 3 Has
Bat C & Stur 1st gug 3s. 1989
X Y <fc Harlem g 3Has...2000
1
Iliya
125 H< Mar’Oti
139 ’ Jan ’03
.
1154,
j Low
A0
...
1 14
1294
XT Y <fc North 1st g 5s...1927
R Wife O con 1st ext5s.h\922
Oswe ifc R 2d cu c 5s...el915
K W ifc O T R 1st gu g 58.1918
Utica & Blk Riv gu g4s. 1922
X Y Chic & St L 1st g 48.1937
86
84
23
174
....
93
101
103
86
105 l4 105°*
93
1114112
106 *1!
lOtl
M-N
F-A
A-O
Slier Sh ifc So 1 st gu g 5s. 1943
Tex ifc < dcia 1 st gu a 5s...
Mo Pacific 1st con g us ...
Trust gold 5s
gold 4s
Montgom Div 1st
46
15
Sale
112 4.
1940
194**
1951
Registered
1004 102 4
...
98 4
984
84 34
85 4
ludHi...... 1034 Feb’07
86
Jan
’*>7
86
87=8
87 Hi 87 4
M-N
5s...1942
1942
General
118
1134
93
97
-
40-veur
994 1004
i*004 Deo’*06
NW
5s...1940
4s...1990
97*4
1931
Registered
••••••
North See Ch M & St P J-D 131
Minn A St L 1st cold 7s..1927 J-D
Iowa Ex 1st gold 7s
1909 A-O 118
Pacitic Ex 1st cold 6s... 1921
J -D
South West Ex 1st g 7s. 1910 .M-N lion*
1st cousol gold 5s
1934 M-S 92
93 Hi
1st and rotund gold 4s..1949 J-J
92
98
Des M ifc Ft I> 1st cu 4s...’35
Minn Sc St L gu See B C R & X J
100
J
M St P <fc S S if con g 4 lilt gu ’38 J-J
M S S 51 ifc A 1st c 4 nit gu 1920
See St P 51 ifc51
Minn L n
98 >4 99
J-I)
1990 F-A
Mo Kan ifc Tex 1st c 4s
84 7s Sale
Gen s t 4 4s—
St ij Div 1st ret k 4s
Dal ifc Wa 1st gu g
Kan C & Pac 1st g
Mo K «fc E 1st gu g
M K ifc Ok 1st gu 5s
M K ifc T ol T 1st gu g
112
Registered
85 4
254
Feb’U7
844
8484 Sale
24j4 8als
19
17
J
1910
1944
20'>4
.1936
2001
1997
4s
104
Apr’06
1024 Feb ’07
*. 1X
Mil ifc
1st ext gold 5s
let ifc refund 4s
92
1004 Feh’07
101
100
J’ly
yx990
91
112
....
90=8 J’ly’01
105 ~ May’OO
2d gold 4s
974
....
90 Hi
6s
97
934
s j nee
January
-c
1024
934
034
94
Jan’-'7
9/4
97 4
102 4 Sale
1952
•
ilex .North 1st cold
Mich Cent
See X Y Cent
Mi<l ol X J
See Erie
Mil L S ifc W
See Chic <fc
..
Sale
1**4
^
1044
1**1
102 4
Ranqe
15
H iQti
Ask Low
Bia
li—(Continued
1st gu g us.1916
1st 4a gu...2361
1928
Debenture g 4s
Ka A ifc G R 1st gu c 5s. 1938
Mahon C’l RR 1st 5s..1934
Pitts AlcK <fc Y 1st gu 68.1932
2d guar 6s
1934
McKees«fc B V 1st gOs 1918
Mich Cent 1st cousol 6s. 1909
5s
1931
....
Dec’05
May’OG
107
97
104 Hi
Feb 22
Registered
120
120
Jan ’u7
1154 Mar’05
Week’.'r
Ranye or
Last sale
2361
Registered
Lake Shore gold 3Has.... 1997
....
112
1**914
income g 3s.al939 Jly
2d consol income e 3s..al939 A U
Equip ifc coll gold 5s
1919 F A
Coll tr g 4 4s 1st Ser....l907 VI. R
Hex iutornat 1st con g 4s.1977
J D
1st consol
X Y Centifc H
Nor & 5Iont
West Shore
Miqh
Low
114
McK’pt die B
J
January 1
Ao
9134 Feb’07
Dec’06
9134
110
A-O
J-J
V see X Y Cent
Metropolitan El See Man Ky
Mex Cent consol cold 4s.. 1911
EXCHANGE
X. Y. STOCK
whkk Emmno
.
1921 M-S
198(1 J D
A- Nor 1st g5slv*4*‘ M-S
Bender Buge 1st81 g6s.l931 J-J
Kentucky Cent cold 4s. .1987 M-S
Ldi X ifc M it M 1st g44a 1945 J J
Lit X-South M joint 4s. 1952 F- A
N Fla & 8 1st gru g 5s... 1937 FA
Pens tfc Atl 1st cu g 6s.. 1921 F-A
cj <fc X Ala con cu c 5s.. 1936 A-O
Sink tuml gold 6s
M-S
L<fc Jett Bilge Co gu g 4s.. 194 5
L X A ifc Cll See C 1 ifc L
ahon Coal see L S <fc M 8
A-O
imv 1st
i.
§1
Since
168*8
M-N
M- S
st
Ranqe
Hxqh
Ash Low
lira
Price
Th vrsilay
jFeb h
iioNDs*
13 c
.
Thursday
£ V
22
E VldNe FKB
Wkkk
Week’s
Ranye or
Last Sale
Price
435
Record —Continued—Page 3
Hew York Bond
Feb. 23 1907.
92
91
Sale
Sale
88=a 8ale
102
104
914
1104 Sale
75
Sale
92
91
92
91
«)
1
7
17
90
98
98
lo2
97
103
10034
91
924
89
89*i
89
88=,. 23 38
884
101 34 102
101*4 Jan ’0/
90=4
90
9034 Jan ’07
1104 1103, 1 00 1084
75
794
75 '
75*4 212
110*1
Due Oct p Due Nor q Due Doo #Option Sale
43f>
New York Bond
ltOND>
N. Y. stock
EXCHANGE
Wkkk enlmnu Feb
2
_
I'enn
Kii—( Loutiuuen
Price
*4
Sag
Tua
Ac 41Isl
t Jo
Ac Gr
Range
Feb -il
j
Plula Bal Ac W 1st g 4s..
15*43 jM
Sun Ac Lewis 1st
g 4s... 15*36
UNJ RR cfc Can gen 48.1944
Pensacola Ac Ati See L Ac Nash
Peo Ac East See C C C
Ac St L
Peo A: pek Uu 1st
g 6s....1921 Q
2u gold 4 4s
515*21 M
Pere Marq—Uli<fc VV M os 15*21
Flint tte P M g 6s
li>20
1st consol gold 5s
1939
Pt Huron Div let
g 58.15*351
Sag Tus ck 14 1st gu g 4s. 1931
Phil 14 <fe W See Penn HR
Phila cfe Reading cons 7s.1911
Pine Creek reg guar 68... 1932
Pitts Cm Ac SL L See Penn
Co
Pitts Cleve Ac Tol sec B&O
Pitts Ft VV Ac Cli See Penn
Co
Pitts J unc 1st gold 6s
15*22
Pitts Ac L Erie 2d
g 5s...ali*28
Pitts McKees Ac Y See Zi Y Ceu
Pitts Sli ds L E l8t g 58...1940
lstcousol gold 5s
1943
Pitts Ac VV eat See 14 Ac O
Pitts Y Ab Ash 1st con 5s. 1927
|> eadiug Co gen g 4s
1997 J
Fv Registered
1997 j
Jerse3r Cent coll g 4s. ..1951 A
Rensselaer Ac Sar See 1) Ac H
Rich Ac Dan See South
Ry
Rich dt Meek See Southern
Rio Hr West See Den Ac Rio
Gi
Rio Or Juno 1st
gu g os...1939
Rio gr So lei
goiu 4s
1940
Guaranteed
1940
Roch Ac Pitts See 14 K Ac P
Rome Wat & Og See N Y Cent
Rutland 1st con g 4 4s....15*41
Og&L Cham 1st gu 4s g.1948
lint-Can ad 1st gu g4s... 1945'
liia
lib
Week's
Thursday
So
Low
116
*
123 4 Jan ’05
117
115
10 3 =»
coll).4:1949,
4:1945*
lstgu g6s....1941
-
1 nt,
115
....
115
Sep ’06
cniar
>'
Us
rtl91()!.T..T
So Pacilic of Cal—
r
or
_
!
tiler
Jo
b/io/i
.Vo
Sep’06
15
112
nory l
Loir
Jiigri
\
Keb’u,
....
58
s
a
.
Nov’06
101-4 .Non’06
loo
86
87
103 4104
104 4
It (m gb
'
i
C,
Jan’07
s6**b
86-V
....
IW
3 1-
9.8
9S
-v7
j
1
103 4 Feb ’07
108
A-O
111
Aug’f'6
1912 A-O
i 1 1 78
114 4 Dec ’04
118 4
M-N
119
Jan’06
M-N
1U8:V J’lv ’05
S Pac of N Alex 1st
g 6s.. 1911 J-J
1044
104
Jail’07
So Pac Coast 1st gu 4s
103=8 104
g. 1937 J-J
vi-s
108
111
Jan ’uO
Con gold 5s
i
1943 J-J
101
Sep’06 ....j
Southern—1st eon g 5s
15*94 j-j
llO't, Sale 110 V
112
281 1 1 *.*r8 1 1
34
j-j
114
Nov’OG
Afoh Ar. Ohio col 1 t,r
.j1
g 4-s.. 193.'s M-S
*93 4
93 4 Feb’(>7
Alem Div 1st g 44-5s... 195*6
92
94
J-J
115 4 115 4
1 115 4 116
1:54
St Louis div 1st
g 4s
1951 J-J
92 4
93 4 Feb 0.
1
Ala C(»n R 1 st
934 94 4
g (is
.15*18 J-J
114
4
113
Jan ’06
Atl ife banv
IstgAs.
.15*48 J-J
914
96
J’ue’06
2d 4s
“
1948 J-J
90 4
92
J’ne’Oo
984
93
A-O
Col At. Green v 1 st Hs
.15)16 J-J
110
111
Feb’07
96 4
E T Va Ac Ga Div
111
111
g 5s.. 1930 J-J
113
112,34
Jan’07
Con 1st, gold 5s
1124 113*8
1956 Af-N
1174
i 174
E Ten reor lien
11734
1 116
g 5s
11734
1938 M-S
113
1134 114
Ga Midland 1st 3s
Feb’OT,
113
114’
1946 A-O
68
68
Jan’07*
(4a Pac
6S
Ry lstg6s
69*4
15)22 J-J
1 1 834
1174 Jan’07
Knox
Ohio 1 st g 6s
117=8 U74
15)25 j-J
118
1184 Feb’07
Rich <fe Dan con
L13
11834
1915 J-j
g 6s
113
1134 1124 Feb’07'
Del) 5s
1114 112 4
.1927 A-O
stamped
109 4
11234 Jan ’Ob
87
,U-N
98
Feb’On
So Car & Ga 1st
g 5s.... 1919 M-N
1064
106
Jan’07
Virginia M id ser O 6s ..15*16 M-S i12«8
106
106 *8
112
Oct ’06
Series D 4-5s
..15*21 Wl-S
108 4
108 4 Dec ’Ot
Series E 5s
1926 M-S
109*4
113
Dec ’05
General 5s
15)36 M-N
111
1114 111
111
6 in
924
Guar stamped
in
15)36 M-N *110
109 4 May’06
W O Ac W 1st
cy gu 4s.. 1924 F-A
96 4 Jan ’07
West N C 1st con g 6s..1914
9-1=4 06*8
J-J
1104
109 4 Jan ’07
S Ac N Ala See L Ac N
109 4 101*4
Syok Falls Ac Nor 1st g 6s.1935* J-J
117
Stat Isl liy
J’ly’OO
lstgu g 4-4(8-.1943 J-D
100
1st gold Os
....
115 4 Mai’06
137
Nov’U7
....
....
rr„r,
......
....
120
107Hi
-
Oct ’01
107 4 Nov’06
--
120
98
...
AIar’06
J’ly’97
....
...
4.
105*4
9714 Hale.
I
5*6 4
116
97
May’05
5»77a
91
977t 1004 J’ne’06
964 96 '
964
97
6
96
.
109
76
89
Mar’05
Dec’05
Jan’05
106 4 Oct ’03
98 4 J’ne’06
101 4 Nov’01
96
95
.
...
.
*
92 4 Feb’07
122 ~ Jan ’06
91
......
....
'
123 Hi 124
123 4 Jan’07
110
110 4 1104
110 ^
91
91 "Feb’**7
1
8176 Sale
US's
82
Sale
94
94 34
4 Sale
77'4 77 Hi
82
101
.
024 Aug’05
82 4
Nov’()6
94
82
77
.
123 41234
109:4 1104
.
6
814
98
119
82
.
61
Jan ’07
82 4
91
93
81 4
82 4
119
16
94
8134
2
Feb’uT
Feb’07
....
....
il9
82 4
5*3 4
82
5*5
83
7634
79
1st Con gold 5s
1894-15*44
Gen refund s t
g <is
1 933
St L M Bge Ter
gu g 5s. 1930
Tex Ac N O See So Pac Co
Tex Ac Pac 1st gold
5s
2000
2d gold inc 5s
r/20t*0
Laliiv R L 1st g 5s
1931
•\V Alin W Ac N W 1st
gu 5s ’30
Tol Ac O C 1st g 5s
1935
Western Div 1st g us....1935
F-A
J -J
A-O
.
General gold 5s.. ~
1935
Kan Ac Ai 1st gu
g 4s....1990
Tol P Ac W 1st gold
4s....15*17
Tol St L Ac W yr lien
g 3 4s. 1925
50-year gold 4s
1950
Tor Ham Ac Butt 1st
g 4s./il940
1 f lster& Del 1st con
g
5s
1928
U
1st refund g 4s
1952
Un Pac RR Ac 1
gr g 4s ...1947
J-D
Alar
J J
F-A
J-J
A-O
-
J-D
A-O
J-J
J-J
......
Nov’0-1
Biug’&
N Y See DL& VV
1 'er A of St L 1st
g 44s.. 1939 A-O
JL
1-08 4
108
Jail’07
117
Jan’Of
93 4 Jan ’0.
ill
Dec’06
*94
108
112
.
.
ms
.1
.
117
934
j
1
1184
118
118
92
Nov’06
111*
Mar’Oo
106 4 Nov’04
115
Dec’oi;
111
Alav’04
102 4
102 4 Jan’07
96
97
Jail’07
87
88 4
87 4 Feb ’07
87
Sale
87
87
814 82
82
82
95
5*5
Dec’06
no
112
Dec’06
93
Sep ’06
10i 4 Salb
10 L
101-\
j!
95
108
1
......
i os 4
117
94
164 1184
j
!
.
..
i
lj
102 4
97
87 4
87
81
ii)24
97
89
87 4
82
A-O
**
J -D *
J-D
A-O
1U8 4
108 4 Feb’l)7
J-J
108
1084
107 Hi
Registered..
101
102
1947 J-J
1164 Ayr’01
1014 1014
Ore Ry Ac Nav con
] 100 C 101*4
1074
g 4s.1946 J-D
98 4
1064 Jan ’i*7
95*
98
4
99
Ore
I067s 1067e
Short Line lstg 6s..
100
974 99 4
1U0
1922 F-A 120*4 Sale
Dec’5)6
120-4 1204
1st consol g 5s
il1 120 4 126
100 4 Oct ’(*!'
15*46 J-J
114
113=8
113
Guar
5!
refund
"t
1
4s
12=i 113=8
100a4
100 4 Dec’(*6
1925* J-D *93
5*3 4
93
‘94
Registered
62| 93
..1929 J-D
944
9 414 Oct ’06 ....I
Utah
Ac
Nor
117 Hi 121
1st
7s
1908 J-J
124 Afay.’05
103
103 4
103 4
Gold os
103
130
1034
132 Hi 133
15*26
J-J
Oct'06
106 4
110
J’ne’UO
Uni N J RR Ac C Co See
Pa RR
1364 May’06
Utah Central See Rio Gr
113
Wes
116
Aug’06
Utah & North See Un
116 Hi
Pacific
115 4 Dec’4*6
Utica Ac Black R See N Y Cent
\7 andalia consol g 4s ....1955 F-A
V era
1027@ Feb’06
1064
Cruz<fePlstgu4 4sl934 J-J
1084
5
5*6
1084
5*3
98
1084 1084 Ver Val ind Ac W See Mo P
Sep’06 ...1
Virginia Mid Nee South Ry
110
Oct’05
Va Ac Southw’t 1st
gu 5s.2003 J-J
109
112
110
Feb'07
\,\/abash 1st golu 5s
no
1939 M-N
1114
112
113
113
*
VV
1 i 3
2d gold 5s
•i 113 114
1935*
SO7* S0»4
F-A
81
12
UK*
I004
101
804 824
Debenture series A
.100
100
Saic LOO
1939
1054
J-J
100
1 lOO
5*5
Nov’06
]lll)i<j
Certificates of deposit....
87 l.
88
Jan’07
88
89
Series B
92 4
T...1939 J-J
964 Alar’OO
70
73
75
Feb'07
Certificates of deposit
10334
107 4 Aug’06
70
71
72
1st lien equip s
...J 1 7'*
75
i0234
fdgos.,1921 M-S 102
101
Feb’o7
1st lieu 50 yr g term 4s.
104 4 105 4 109
110*
101
1954 J-J
4 Mar’06
88
93
Det Ac Ch Ext 1st
Alar’Ol
i
107 >->
g os.. 1941 J J
107 4
108 4
5 107 4 107*4
109
Des Aloin Div- 1st
109
11 (* .S
109
g 4s.. 1939 J-J
11G
Jan’05
5*7
Otu Div 1st g 3 4s."
Nov’04
1941 A-O
108
80 4 80
Aug’06
Tol Ac Ch Div 1st g 4s...
Feb’O?
I
SO
SO 4
1941 M-S
974 5*3
St Chas
Lee’06 ::::
Bridge 1st g 6s. 1908 A-O
102
Wab Pitts Term 1st g 4s.
Jan’u?
J
IU»2
102
1954 J-l)
102
Jan’03
78
Sale
78
2d gold 4s
73
73
SO
1954 J-D
€
28
Sale
28
Warren see Del Lac & West
294
28
32 4
9434 Sale
94 4
86
94
95
Wash
Cent
See
Nor Pac
89 4 8LH,
89 4
89 4
88 4 894
Wash O Ac W N'ee Southern
9o
Dec’06
W est M ary land 1st g 4 s... 195 2
*102 4
A-O
105*4 Feb’06
SO
81
80
Gen Ac Conv g 4s
814 O 1
80
32 4
98 4 98 H. 5*8 4
1952 A-O
984 11
67
65
98 4100*4 West N Y Ac Pa 1st
65
16
65
(W
g
5s..1937
J-J
99
Jan’07
115
5*9
115
95)
1154
Gen
4
1154
gold 3-4s
85 a4 86
1943 A-O
1144 115 4
86
Feb’07
94
93 4 Jan ’07
85*4 S6
Income 5s
93 4
93 4
96
<11943 Nov
96
Dec’06
34
West No Car See South
Feb‘07
102 \
34
34
105*« Jan ’07
Ry
105 4 105 4
W Va Cent 2c P 1st
g 6s.. 15*11 J-J
10934
109
Nov’06
104
4
1064 Aur’O
Wheel’g& L E 1st g 5s...1926 A-O
106-4 J ‘iy’00
11L
1114 109=8 Dec’06
Wheel Div 1st gold 5s..
"l <j(i
1928 J-J
107 4 Feb’05
109
110
1
Exten Ac Imp gold
Dec ’('6
10234
5s...1930 F-A 10734
104
J
Aug’00
111 4 Aug’05
RR 1st consol 4s
1
110 4
1949 .M-S
11 o \ Feb -07
864 87
87 4 Jan’U?
4
11 i -4
20-year equip s f 5s ...1922 J-J
i 87 ‘-2 8 7 4
1113* Jan ’07
1
im 112
1024 Dec ’05
Wilkes Ac East See Erie
914
5*44 Jan ’07
j 92 4 944 Wil Ac Sioux F See St P Al & Al
i
116
Deo ’06
Wis Cent 50-yr 1st gen 4s. 1949
J-J
88
Sale
88
i
884
87*4 8 9
dl 1
10534 106 Hi 1054 Jan ’07
131'j4
.1 131 Jan’o7
1307f,
134
Dec ’U0
1 On 4 1 05 b8
131
131
...
D)j
....
;
*
i
-
-
_
....
.....
-
!ii>9
...
iib3a
-
...
....
SC-ELIiANKOUS HOMES—Concluded.
Unnuluci tiring A lndiislriul
|
Beth Steel 1st ext sf
5s.. 15*26' J-J!
Miscellaneous
93
96
Cent Leather
Aug’OG
20-year g os.15>25|A -o!
Adams Ex col tr g4s
98 S; Sale
194S M-S
5*8 Hi
Consol Tobacco
77
9
9JS7s
7=8 5*9
Am Die ifc Imp5s See
50-yr g 4s. 19511F A
Cent N J
76
75
Distil Sec Cor conv 1st
7.>
l!l 75
79
Am SSCool W Va g 5s
5s.’27
g
A-O
S9
Sale
15*20 M-N
int Paper Co 1st con
8'J
5)0
111 i 364 90
B’kl’n FerryCo 1st cons
g
F-A 105 4 106 4 1()6 r6 Fell’07
g 5s ’18 F-A
Consol conv s f g 5s Us.191.sj
106 4 108 4 Cliic J c A-. St Yard
15*85 J - J
col g 5s. 1915 J-J
90 H
50
Int St l’mup
Feb’07
10-yr conv. 6s ’13 J J
Det AI Ac Al Id gr incomes.
j 90
5*2
101
.1911 A-O
106
106
Kuicker Ice (Chic) 1st g
,c' |100
Hoboken L it 1 gold 5s...15)10
106
5*7 *o Oct ’(*5
M-N
Lackaw Steel 1st g os 5s.’2s| A-Oj
15*23''A-O
100
Sale
9.1 4
N at Starch Ai
v‘l
.M-N
100
tg Co 1st g 6s 15*20 M-N
994 103
.Man Bell H&L
80
82
J
gen
82
g
4s..
15*40
Nat Starch Co s t deb 5s.
M-N
.Tan ’(*<
82
82 4
.15*25 J-J
Ncwp No Slap Ac D D 5s <7195*0 J-J
75
72 3.j Nov'06
Reptib I <fc S l st & coltr 5s. 15*8 4 A-O j 96
N Y Dock 50-yr 1st g
Sate
4s..
1951
U is Leath Co s fdeb
5)6
F-A
96
2
5*6
97
g0s..l913 M-N
Provident Loan Soc 44s. 1921
106
U S Realty &
lt*6
M-S
Feb’O';
105
Iconvdeb g5s’24 J-J
106 *4 St Josex^b Stk Yds 1st
5*3
4 Sale
4 4s. 1930 J-J
93
U s steel Cory—(
93 4
17
5)2
5*5
St L Ter
coup .<(15*68 M-N
5*8 7& Sale
Cupples Stat’11 Ar Prop
9 8 "d
Sf 10-60 yr os.
90
631
974 99
( reg ..aT5>08 Al-N
Co lstg 44« 5-20
98
95*
year..1917
Va-Car t’hem col ir os
1
5*9L
i*7=8 99 4 S Y'uba Wat Co con g 6s.. 15*23 J-D.
g.. 15*12 A-O
5*5*
Sale
99
9'.*
J-J
1 l
Westingliouse E& Al st os ’31 J J
5*8*4 99
Sp Val Wat Works 1st 6s. 1906 M-S
96*2 Sale
90
5*7
3;
95 4 5)7 4
*
U
S
Red
&
Ref
1st s f g 6s. 1931
No price
Friday; latest bid and asked this week,
a Duo Jan
b Due Feb
d Due
1024 Salt
i
■
92
93
«DueAIay
gDueJ’ne
41
1108
Oct ’<*6
J'ne’05
70
Sey’06
50
5> lo2
Feb’02
"92** Feb’0*7
99
May’06
100 Hi Sep ’05
1U234
92
95
92
95
....
112
-
Ayr
102’.
1003* J’ue’Oi.
103
'
....
jlC‘24
93
ADueJ’ly
J'ly’tM
113Hi J’ly ’0(*
1*2
Feb’07
p Due Nov
*
,!(*.•
l(*.;4
.104', l**4r{s
LU4 4 Jan ’07
1
Cent Pac 1st ref
gu g 4s 1949
Registered
15*45*
Alort guar gold
3^8..4:1929
Through St L 1st gu 4s ’54
Gal liar Ac S A 1st
g 6s..1910
Alex Ac Pac
lstg os.. ..1931
Gila V G As N 1st
gu g 5s. 1924
Ileus E Ac W T 1st
g 5s.1933
1st guar os red
1933
11 »fc T C 1st g 5s int
gu.. 15*37
Consol g 6s int
guar...15*12
Gen gold 4s int
guar..15*21
Waco6 N W div 1st g 6s ’3(
1938!a-0 j i
^
Week’s
Range
ASk Low
12 7
,116
123 4
114
LXXXIV
Last sale
T
*
Jan’07
106 4
.
Ore Ac Cal 1st guar
g 5s.19271J J
S A Ac A Pass lstgu
g4s. 1943! J-J
....
10034 Dec’05
109 " Ayr’02
934
1931
St P & Nor Pao
see Nor Pac
St P Ac S’x City See
UStPM&O
S Fe Pres Ab Ph
lstg 5s...1942
S A Ac A P See So Pac
Co
S P <to N P 1st sink I
g 5s. 1919
Sav F Ac West
See A tl Coast L
Scioto Val Ac N E See I\ or Ac
VV
Seaboard Air Line g 4s
...1950
Coll tr refund g os
1911
Atl-liirm 30-yrlst g 4s.el933
Car Cent 1st con
g 4s...1949
Fla Cen Ac Pen
lstg 5s.1918
1st land gr ext
g os... 1930
Consol gold 5s
15143
Ga Ac Ala Ry 1st con os o
1945
G:i Car Ac No 1st
gu g 5s 1929
Seab tfa Roa 1st 5s
1926
Slier Slir Ac So See Al K & T
Sil Sy uca Ac G See Atl
Coast L
Sod Hay <fc So 1st
g 5s
1924 J
So Car Ac Ga See Southern
So Pac Co—RR 1st ref
4s.1955
Gold 4s (Cent Pac
!
A
'1
j Rid
1
1
Syra
1932
Gray’sPtTer lstgu g5s 1947
St Paul Ac Dul See Nor
Pacilic
St Paul M Ac Alan 2d
6s...1905*
1st consol gold 6s
1933
Registered
1933
Reduced to gold 4 4a.. 15)33
Registered
1933
Dakota ext gold 6s
1910
Mont ext 1st gold
4s....1937
Registered
1937
E Miiin 1st div
lstg5s.. 1908
Nor Div 1st gold
4s....1948
Muin Union 1st g
6s....1922
Mont 0 1st
gu g 6s
1937
Registered
1937
1st guar gold 5s
1937
Will Ac S F 1st gold
os..1938
bi'b
i
Conlrnuea)
Guaranteed gold 5s
112H2
See Pere Alarq
1931
St L Ac S F RR cons
g 4s..’96
Southw Div lstg 5s..1947
Keluuding g 4s
1951
5-year gold notes 4 4.-15)08
K 0 Ft S Ac M con g 6s..
1928
E O Ft 8 Ac M Ry ret
g 4s 1936
KOcfcM R& 14 1st gu 58.1925*
StLMifc So Eastgu4
4gll*09
St Douis So sec Illinois
Cent
St L S VV 1st g 4s bd
Otis. 1989
2d g 4s luc bond
ctfs...pl989
Consol gold 4s
Registered
Southern Pac Co—(
Pr »<v*
j
Tli ursda y !
j
i
1
Sey ’04
StLouiBtfcSau Francisco—
A Ac N W
High
EXCHANGE
Week Enluno Feb 22
!....
110 4
1st g 48... 1947
St Daw Ac Ailiron
lstg 08.1996
2d gold 6s
1996
St L Ac Cairo See Mob Ac
Ohio
St L Ac iron Mount See
M P
St L K C Ac Li
See Wabash
St L M Hr See T RR A of
St L
General gold 6s
General gold 6a
N. Y. STOCK
January 1
Low
High
107 4 Oct ’06
98 *4
Since
[VOL.
4
HOM»
Range
iSo
or
Last Sale
Ash
Record—Concluded—Page
^Option 8al«
CHICAGO STOCK EXCHANGE—Stock Recori—Gaily. Weekly and Yearly
blOCKS— HIGHEST AND LOWEST SALK PRICKS
7 uesdaii
Feb 19
Monday
Saturday
Feb IS
Feb :r>
W
ftmes'i
STOCKS
7’hursdag
aij
Feb 20
CHICAGO
Friday
Feb 21
Frb
,1 Kun*je for i re.toics
Year\lUuh1
19i/7
o>
EXCHANGE
22
Range tor Year '
Sales
the
Week
.
STOCK
v'lar*-'
Lo west
Hid best
1 tit a'test.
Lowest
1
j
Ij Gr 8 t 4S
L
CL
14U
C
Oct ’0<
1
*
*
Last Sale 4
L a st sale 13
*4
*13
27 4
io
i a
-
-4
4 k
4
*13
28k
28
2728 k
28 k
*67;'4
*30
*24 k
*6U
*80
*30
•yd
.
•20
IS *
63 k
’63
*80
*25
63 k
86
27 k*
*67\
60
63
*86
*20
•It'S
*30
*21 k
40
*3o
40
25 8*
*24
*60
60
*60
SO
32
*80
*31
07
*06
*20
85
32
07
30
20 k
65
85
32
07
^7
27k
60^
40
.
20
65
30
*
*30
*96
*20
63 e
s7
27
6 l)kj
;
27k
;
*4 v
5
La st Sale 16 k
Jan ’07
*63
64
63 *<
63
f> *•
a
*17
*60
*84 '4
*27
Last sale S*i
7, a .*> £
Las'
L a st
Last
Last
Ij a st
Last
Last Sa le 96\
Last Salt 25
30
!
Do
*
*108
*31
*37
*110
*51
*1
*6
100
100
*108
100
32
'31
32
*37 k 38 k
38 k
*37k 30
*
*108
111
112
111
*00
03
53
*50k 53
111
1
4
*1
*
6
Ok
*
lk
6k
l
6
•NU
*47
4 / k
4 7
*
*116
*110-2 118
110k us
106
*106
106 k *100 k 106^
124 >4 120
124 k
124 ‘4 124 k>
40
40
40 k
40
40k
142
138
140
*47
142
*
......
......
......
......
......
Last
Last
Last
Last
Last
Last
*1
Last
140
Last
Last
1 k
*576
•
*108
*31
140
48
48
106k
125
40 k
......
......
......
ik
Sale
140
Sale
Sale
106 k 106 k
124 k 1247a
*4«
40 k
Last Sale
Last Sale
ijast sale
Last s ale
118
......
110
sale
sale
Sale
Sale
Sale
sale
*108
30
38
111
54
175
16
1
6
140
4S
117
106 l4
124
84
84
•110
lie
*80
85
k
00 Q
04‘4 01k
11034 110 v
82 k
83 k
83*4
116k 117
*
•110k 118
*.»0
83 k 84 k
110 »4 11 6
‘80
80
*116
118
*
55
*
115k 118
116
116
Last sale
115 k 115 k
Last sale
Last Sa le
*50
;>0k
*04
04 k
*55
50 k
04 k 04\
110 k 110
04k 04k
1U)34 11 l
•140
145
*140
140
*101 k 102
102
102
1 k
1^
1 :V
1’V
8
8k
8
8*V
*28 k 20
*27
20
*
*116
*
8k
29 k
American Can
l
Amer Radiator
Do pref
Amer Shipuldg
*
a
0
110k
110k
CO
W
3
RONDS
-
Amer Biscuit 6s
.1010
Amer Strawboard 1st 6s. .1011
Cass Ave & F G (Sr. L) Os .1012
Clue Board of Trade 4s
.1927
Chic Consol Br di 51 It 6s
Clue Consol Ti ac 4 ks
1939
Clue Edison debenl 6s... .1913
..
.
1st gold Os
/tl026
Chic Auditorium 1st Os.. .1020
Cliio Dock Co 1st 48.
1029
Clue No Shore Elec 6s... .1012
Clue ifc 51 il Elec Kv Os
.1919
Chic Pneum Tool 1st Os .«1021
Clue Rook 1 A Pac Rlt 4s .2002
.
...
18-ice
Jnl’st Period
|
F-A
,J-J
!J - J j
;
Mil <fc Clue
:
National Biscuit
Do
■
•
j Last Sale
101
L03
57
J-D
,J-J
;
look Nov’06
101
Do
Kims City Ry 62 Et Co 5s 1913, :Vf-N
Kmckerb .cker Ice 1 st 5s .1928 A-O
Eake Street El 1st Os
.1928 1-J
income Os
.1920 Feb
Metr W 8ide El 1st 4s... .1938 F A
Extension g 4s
.1038 J-J
Norih Clue 8t 1st 5s
.1909 J-J
1st Os
.1916 J-J
1931 A-O
Refunding g 1 ks
No Chic .City Rv 4 ks
1927 M-N
North West’n El 1st 4s.. 1911 51-S
1940 M-N
Ogden Gas Os
Ptiarsons-Taft Os
1916 .1 -.1 >
4 *4 Us
5! - 8
M-N
4*6Us 8enes E
.
..
4’80s Series 1*’
People's Gas E & C 1 st 6s
Refunding g 5s
102
99 k
......
91
93 k
......
bale
90'«
83k
..
......
70
90k bale
195
bait-
*97
80
.103
90
1
pret
Sbk
mus t
12
102
Dee’96
7b
75
Aug’Ou
90>k
90 k
96
Mar’06
Feb’07
Feb’97
High
...
.
_
„
.
_
,
46
i
6
28 140
44k
•
...
115 k
67 Hi6
880 110k
230 44k
528
104
20
Mill
23 k J’lv
60
May
-i
S')
1:
21
11
27
07
23
68 u,
031.
30
72 '•>
SO
Feb
Feb
J’ne
Nov
Mar
28 k Feb
Mar
68 k
00
J’ne
M iim 30k Nov
Dee 102
J’ne
60
A pi
Feb
k A]»i
6=8 Feb 2)
Jan 25
6
J’ne
Feb 16.
01
J’ly
Feb 2 i 115
l-'elj
i
128kJan If 128 k I >ce
54
J an
hOk Jan 14
100
Jan 7 101
Jau
30
Jan
l
Fein
17
38 k Feb 1
36
Jail
111
Feb 8 106
Oct
54
Jan
8
55
Mnv1
Jan 30 56
Jan 7 133
Jan 10
Jail 3
Jan 25
Jan 2
Feb 1
Jan 22
Jan 7
Jan 0
l
Jan 0
6
Jan 2n 148k
Jan 31 51
J a n 2 118
dan 21 108
Jan 24 120
Feb 1 5o78
11 kJan
72
Jau
130
Nov
136
81
112
3 l '•*
Jail
Nov
Nov
Deo
Feb
40
113 k J ut
64
Feb
175
May
Jan
Jan
Mar
J
0
1
7
136
J’ly 165
03
48 k Dee
ltil
A]>r 130
M»\ 118
103
1 IS
J’ne 147
41 k Sep
71k
9
Jan 11
Feb 8!
Fob 13
Jan b!
Feb 18
Feb 0
M ar
Jan
Feb
Feb
Jan
Jan
Feb
Jan
707r Feb
80
Feb
1 k -M ay
°l
J’m62
May
2
o;i
k Feo
w
•, n
‘11
2 k Jan 23
k j'an 23
77
Jan
86
Jan 14
110*k Fob 13 117k Jail
80
Feb
25 110*4 Feb
7 113k J an
84 kJan 11
Jau 17
6 120
:
78
112
Mar
70k Dec
110
Oct
05
Mar
Jan
Dec 122 k 51 a r
03 k 51 ay
88 k i’iy
50
Jan 10
Aug 63 k Dec
02 k Nov
00
Jan 26
Set>
Jau 16 j 101kJan 11 O k Sep
bob 71 110
i
02 *-a J an
May
Jan It 1 00 k J >ee 106k Feb
Feb 2j
:,4 Dec
2k Jan
5 k Dec
17 k *>an
8k J an 7
30
Feb 14
28
Dec
51 ar
42
.
100
352
1,058
30
247
1,670
4,175
57
Jan 21
02k Jan 23 95
100 k Feb 2 113 k
134
Jau 24 140
101
Jan 2 102k
1
Jan 2
1k
55
6
J an
2
2 5 k J an lb
25
25
.
_
5k Mai
20
32 k Jan 24
32 k Jan 24
18 k Jan
20
3
Jau 22
2 so,J’ne
7k J’lv
14 k M nr
3E.I’lv
35
lu
4 1
k Fe b
14k Mar
’’uk Nov
4 k (Set
85 k Feb
j
101
77
81k
98
98 k
Stockt
Bankers National
>$2,090,000
Calumet National
j
Continental National..
Cook Co State Savings
Corn Exchauge Nat...
Drexel State
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
Kaspar state Bank....
....
1
‘J
.
...
39
3
....
72kDe*c’06j
’Oti!
ing
90
93 V
90
90
83k
85
k
70
90 k
92
90 k
97
97
70
90
102 k 102 k
104 k 104k
102
102
99k 100 k
102 k
102
99
99
70
75
Monroe National
Mutual Bank
Nat Bank of Republic.
National Eire Stock...
North Side State Sav..
Oakland National
Prairie National
Prairie State
Pullman Eoan & Sav..
Rail way-Ex chan go
South Chicago Savings
State Bank of Chicago.
Stock Yards Savings..
Union Bank of Chicago
Union Stock Yds State
Amer Trust & Savgs..
Central Trust Co of 111
Chicago Sav Bk & Tr..
Colonial Trust
Sav..
Drovers Trust & Sav..
First Trust & Savings
Illinois TriiBt & Sav..
Kenwood Tr& Savings
Lake View Tr & Sav..
Merchants’ E’n&TrCo
51 etropolitan Tr & Sav
Northern Trust Co Bk
Peoples Trust Jfc Sav..
Royal Trust Co
70
75 k
j
bo|nd j price s.
109,009
500,099
Commercial National.. 02,000,009
101k 102
102k
Feb’07j
Dec’06]
Outstand¬
NAME
Chicago City
j.
16 102
Feb’071
Chicago
4k
841
50
lOi* 120
0 128 k
325 76
25 107
30
37
107
00 k
20
shannon
......
be added to all
1,430
100
No Butte
Apr *9 4
96 e, Jan
Oct
.
25
Oct
65 k Oct
liubbard-Elliott
......
90
87
8
Mountain
l)aiy-West
l
Feb’OO
90k Feb'97
83 k
t-3 k
97
w 1
■JGk Feb 1 J
2ukJan 8
Bingham Con Mining 50
Riack
101
I)ec’06
98
Jan ’07
99 k Nov ’Uu
91
91
16
May’05
93 k
199 k
v
7J ’ne
Feb
6
Stockmen’s Tr A Sav
U nion Trust Co
Western Trust <fc Sav.
W Side Tr & Sav Bk..
Woodlawn Tr&Sav Bk
..
4,000,909
50,099
3,099,000
200,000
600,000
200,000
0 00.000
8,000,000
100,000
500,000
1,000,000
500,000
1,000,000
200,099
Dnnueml
Surplus J
Prod 1st
-
In
1905
8
5
10
12
8
6
12
6
8
$1,217,S74
32,96*
] 18.317
2.101,19;
2,081,338
6,63 1
4,306,171
•27,080
329,085
29,3 19
In
19t>6
8
0
10
12
8
6
12
Record
her
J,ast Paid
IOU
U!»
Dec ’06, 2
Dec ’06, ti
Jan ’07, 5
Q-J Jan ’07, 3
Q-J Jaii ’07, 2
Q-J Jan ’07, lk
Q-J Jan ’07, 3
Q-J
j-.r
J-J
6
Q-J Jan
8
Q-J !Jnn
3
Q-J Jan
busiii
•ess
out
70,90 s* Began
12
6,787,3 lv 1112
Q-J •Jan
10
139,046
10+10 Q-J Jail
Priv ate Ba tile
618,233
6
6
360,140
Q-J Jan
F-A Feb
171,371
8
10
1,005,778
Q-J Jan
_
_
’07, lk
’0"<", 2
’97, lk
16. 1900
’07, 3
’07. 2k
*
,
’07, lk
’07, 2k
’07, 2
79,241
22,097
299,009
200,000
59,934
2,000,000 1,109,471
1,000,000 1,300,860
8.891
00,000
31,*174
100,000
66,096
200,000
07,673
COOO.OOO
300,000
230,900
8,009
200,000
200,000
07,183
1,000,000
964,483
141,613
200,000
37,573
200,000
200,000
42,769
3,000,000 2,387,871
2,000,000
949,113
n 000,000
n 81,103
038,098
600,000
200,000
69,061
£2,000,000
714,029
4,000 000 7,121,708
33,381
200,000
26,073
200,009
3,000,009 4,057,534
700,900
331,189
1,000,009 1,719,010
200,000
46,122
659,630
590,009
200,000
5,421
876,545
1,900,000
1,000,000
292,558
200,000
18,053
200,000
24,786
3
6
12 + 3
6
0
12+3
6
6
0
Nov
Jan
Jan
Q-J Jan
Jan
Q-J
Q-J •Jau
Q-F
Q-j
.
8
*38
8
Began
busin
4
0
8
8
8
Nono
Began May 1,
None
8
6
8
Ok
7
„
„
„
199 0.
Jan
Q-J
Q-J
Q-J
Jan
Jan
Q-J
1 oan
12+4
a
1 Feb
Jan
Jan
orga uizod
Nov
12
6
8
Q-J
Q-J
Q-J
6
Incor
8
porale
Began
....
I
’07, 2k
’07, lk
.........
’07, l
’97, ik
Is, 1906.
Jau
Dec
Jau
’07, 3
'0*5, Lk
’07, 2
Q-F Feb '07, 2
d 51 arcJi,
....
_
6
’07, lk
’07, 2
i3<
’07,
j
Q-j
8
1 k
lk
07, 2c
Q-J .Jan
Q-J •Jan ’07. 2
;J 11 y 3, 1906
(J • J J an 9)7, 1 k
Q-J Dec ’06, ik
^
12
6
3
ess
...
12 + 4
J
4k
lk
..
10
6
5+5
6
’06,
’97,
’07,
’97,
’07,
’07,
6+1
Q-J
busin
6
ess
| Jan
*>«p
Q-J; Jan
1905
.......
’07, lk
5, 1906
’07, lk
(j Dividends arc paid Q-J, with extra payments Q-F.
H Includes special dividend of 30 k paid Dec. IS, 1306.
t Jau. 26, ’07 for National Banka
’u7 for State institutions.
- Bid and asked prices; no sales wore made on this day.
r No price Friday; latest price this week,
a Due Dec. .-si.
c Capital increased J.au 1.1907 from $250,000, a cash dividend of 30 per cent beiilg declared and to
be taken as part payment for new stock.
k One million dollars transferred in Dec. 1906 from surplus account to capital, making latter $2,000,000. « Capital and surplus to ho increased,
Capital to be increased to $3,090,090.
and Jan. 28,
6 Due June.
ADue July,
o
14
99
Oct ’06
498
99 k 8ep ’06
M-N
409
A-0
118
Nov’06
101
M-S
102 k Jan ’(‘7
J-J 4104 k
104k Jan ’07j
102
J-D 4
103 k Feb’96'
M-N
99 k
J-J
99k
99k 12
J-J
102
F’eb’u?
101k 102
A-O
09 k 99
Jan’97
M-N
114
Nov’Ol
70
79
90
90
M-N
Dec’961
F-A
68kbep’90
J-D
M-N
72
72
Jan’971 ....I
1943
1947
Clue Gas Et<E C 1st as.. 1937
Consumers’ Gas 1st as.. 1036
Mutual Fuel Gas 1st 5s. 1947
South Side Eiev 4 ks
1924
Swift A Co 1st g 5s
1014
Union El (Coop) Os
1945
Union Pacific iionv 4s
1011
United Box Board 6s
West Chic 8t 1st as
1928
’Tunnel 1st Os
1909
Debent 6s
1914
Consol g Os
1936
West L)iv City ltv 4 ks.. 1932 J-J
tone Co "Os
West’ru
1909 A-O
Note.—Accrued interest
....
4
20
15
J •1
k M
54 k Jan
Mining
98
80
com.
Adventure Con
Allouez
•
•
....
....
Jau’07
96k Jan ’06
.
10U
pref
Swift & Co
100
rhe Quaker OataCo.lOU
Do pref
100
Unit’d Box Bd& P ColOO
l)o pref
100
Western' Stone
100
Dec’06
199v
79k
100
100
Peoplo’s Gas E& C’kelOO
Apr’94
101
.VI -N
Collat Trnsr, e- 5s
1 913 .VI-S
Commonwealt.il Elect.Os.01043 51-8
Illinois Tunnel Os
19281J -D
100
Sears Roebuck
Mar’Od
lOi)
87
.Ttill
Brew’g
j
for year
1907
......
t
J-J
190
......
2
;
;
;
High A 0. Low
F-A
A-0 t
A-O
J-J
| A-0
„
„
••••••
pref
Do
;
j
j
;
j
or
997S May’06
101k
102
192
1J -D
1J-J
Jan
7k Jau
28 V Jan
51 av
J
J
.i»
.
National Carbon
Range
Leo 21
......
40
25 k Jan
64 *i Jan
00
Jau
34
.Ian
08
Jan
27
Jan
15
30k J’l.v
«
Week’s
90 v8
Jan l‘i
Jan 17
Jan 2s
Jan 15
Dee
Dee
Chicago Banks and Trust Comoanies
Range
Ask 'Low
„
„
d.30 7
Mar’06
Mar’06
Jan ’07
No>’06
Jan ’07
Nov’06
Feb’06
J’ue’06
Thursday
Bid
„
100
100
Manufacturers’ Fuel
Chicago Bond Record
CHICAGO STOCK EXCH’GE
Week Ending Feb 22
60
87
28
72
Jan
Sep 200
5
*-r«
i
Sale 0 7e
8a l( 36 *a
Sale 52 k
Sale 10
Sale 19 k
Sale 4
LastSale 55 k
Last Sale 7 k
Last
Last
Last
Last
Last
Last
.
3
26
Jan 3t
67 k Feb >
38
Jan 4
25
Jan
7
Jail 2.
62
80
Feb 4
...
......
too
Clue Brew’g& Malt’g
Do pref
Chic Edison
100
Clue Pneumatic Tool. 100
Clue Telephone
100
Chic Title’ & Trust... 100
Diamond Match
100
Illinois Brick
100
;
50 k
it 4 k
*<
80kJan
100
Chicago Auditorium
0
ay3)5
J’ly’06
04 k
Jan 10
...
100
pref
Do prof
100
Amer Straw Board
Booth (A) & Co
100
Do pref
100
Cal & Clue Canal & D100
Central Trust. Rank
100
CO
M
ook
50
60
Jan 23
10
Jan 21
46 k Jan 2
0
AiiscelluneoiiH
:
Do
117
5\
135
.
Do
pref
100
South Side Kiev
100
StreepsW Stable C E 100
Do
pret
100
West Chic Street
100
J
83 k
116 k
Feb’07
81
pref
North Chic Street....100
Northwestern Elev.,100
J
J
J
J
141
*140
143
143
101
101
*100k
101k
1 k
1 k
1 k
lk
8 k
8k
8k
8k
Last Sa le 20
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Jan lb
.
100
pref
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147
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8
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21
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4
26
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s
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8
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8
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2334 Feb21
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90
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28
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118
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pr.ees; no sales
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16
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10
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Centennial
26
Cons Alercur Gold...
5
Copper Range Con ColOo
Daly. West
20
Dominion Coal
inn
Do
pref
inn
Elm River
12
Franklin
25
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Greene Consolidated, lo
5
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26
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4,108
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26
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26
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pref
7,177
425
100
5,414
437
3,539
13,792
2,279
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400
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100 1,852
100
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70
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60
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25
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25
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made on tins day.
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it II
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3
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53
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KS
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2
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Victoria
150 ^ Feb
Mar
Dec 29
Apr
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M a\ 15078 Jau
Jau
Dec 141
J
1,58 1
Coal A Coke 25 3,528
926
Nevada Consolidated
6
North Butte
15 5,091
50
Jld Colony
26
63 ~ Feb 14
Old Dominion
25 4,000 52 “ Feb 2
Feb21
Jsceola
26 6,212 157 Jan 19 181
Jan 14
36
Parrott(Silv A Coppj lo 1,040 2834 Jan 2
Jan 2t.
1
Jan 5 f3
180
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25
148
Feb 0
Quincy
25 6,392 114 Jan 9
834 J an 2 112 >4 Jan 15
Rhode’ Island
25 4.245
7 *g J an s
4-%,Jan 2
Santa Pe(Gold A Cop) 10
2,731
31iannon
10 6,994 18 Hi Jan 2 24aa Jau 17
170
Jau 14
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25 L2.203 119
???
j’ua
9o
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Dec
Alai 210
Jan
534 sep
60
Nor
Mai
90 l4 Not
M ai
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Hi .Nov
4 Hi Dec
31 Hi J ’ly
92 Hi J’ly
8 Hi Oct
56*4 Dec
118
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8^8 Auk || 4 5
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103; May
Deo
154*
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19 Hi Jan 24
14 ~Jan 17
25
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Jiy
30
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70
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2038 Mai 35^ Oct
2934 Jan 31 33*4 Jan 6
42
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25
j ’ly
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184
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177
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5 1000 Febio u7o
40 ^ Dec
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•45
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21
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00
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2wJjan 3
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130
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33
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19 Hi J’ly
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Mon tana
Trinity
United Copper
1 >ee
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34
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225
157
44
55 iy
30
26
26
26
26
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4
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26
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-
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39 i l68HiFeb 0 182
11
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50
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27
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26
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20
5 q* Deo
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295
11334
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260 106
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Jau24 09
1,266 61
28 *8 Dec
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J^n 7 29
173 28
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113
99
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17 Hi Jan
8
Nov
9
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8
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97
98 *g j an
79
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89 77
86
h’eii
7334 Oct
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75 'Nov 98 Jan
50
so
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Arcadian
Arnold
Atlantic
145
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95
J()9
23
75
28 l4
207 '4
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2 190 J-ly
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160
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226
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198
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i
53 Hi Oct
53
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52
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65
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50
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57
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45
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99
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Jan
65
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94
06
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95
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103
; 82 Hi Jan
7 139 l2 Maj 195 Sep
91
993j Jan
Maj
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93
170
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101
JaK
92
Dec
95
Jau2j
Sep 116 Hi Apr
i09
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25*4 May 2 7 :*8 Oct
21=8 Auk
2
1 Of1
....100
“pref
20
Dec
197
.Mai
17
Jan
59 Hi J an
Jan 14
Jan 2
2,900
Amalgamated CopperlOo 17,898 110^ Jan 3o
Am Zmo Dead A s'm. 26
1,210 43«gJau 4
140
28
10
Adventure Con
Allouez
2
588
181
30
2
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loo
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iL2
190
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Dominion Iron & St
Do
1
14
22
93 8
2 8
128
1998
100
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5
198
4
4
13/>4 Feb 11
884 129*4 Jan 3
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240 3 <14Feb 4 364 Jan 7
8
325 99 Ha Jan 3l i 02 Hi J
4
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b eb 2 *
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98 199
4
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434 J an J 9
73
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77 55
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19 X~>7
120
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7
Jan2o
121 120
Do
pref
26
Union Cop L’d A Mg. 25
United Fruit
.“.100
Un Shoe Mach Corp. 25
Do
pref
26
U S Steel Corp
100
Do
pref
100
West End Land.
25
West Teiep A Teleg.lOO
Do
pref
.“.100
00
278
1478
318
88
18
8
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28
pay’tofaasess’ts bailed in
Feb’07
63
'
Torrington Class A.. 25
o
%
113
48
47 8
258
149
149
93
143
Q
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Feb 19
107
8,501
3,464
100
Pullman Co
Reece Button-Hole.. 10
Swift A Co
100
y/
87
9
3rt.'»
100
Amer Woolen
Do
pref
Boston Land
PlantCoih t’st
Do pref
Feb 19
7lH;Jan
2o;>4 Jan 3 25 \ Jan
190
Jan
22
Jan
36a 183
430
Mergentlialer Liuo.,100
Mexican Telephone.. 10
N E Cotton Yarn
100
Do
pref
100
N E Telephone
100
w
dan
9
loo
.
General Electric
loo
Mass’chnsettaGasCoslOO
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138
218
63
12 8
397
197
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Last Sale
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148
46
728
19
14
63 8
72
8
12 8
948
328
268
2
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127,
128
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18 Last Sale 18
107,
17
17
167,
17
308
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298
308
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194
194
192
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19 8
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258
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6
71
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Edison Elec Ilium...100
►
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31 8
268
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318
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6
72
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1914
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9
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47
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50
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pref
1278
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12
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308 308
308 37
19U‘4 191
908
990
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134
130
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...
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lot
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pref
100
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50
Do
pref
50
9
130
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8
5
70
30
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94
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128
13 8
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63
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77
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308
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pref
8 110
56
J an 2
45
Jan <4
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10 91
Jan A
50 100
309 16934 Jau Ju
92 >4 Jan 14
170
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118 90 Hi Jan 18
IOC
Wisconsin Central
Do
Oct
Oct
Jan
Jan
17
o7
52
lot
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8 2 ->5
9 132
......
IOC
pref
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Jan
Jan
159 4 Jan 22
226
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74 197 Hi Jan 2b
lot
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Pacific
Do
pref
Vermont A Mass
West End St
Do
pref
Nov’00
Sep ’05
1708
lO7,
107,
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1108
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111
111
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27 8
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38
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67
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288
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10
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8
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153
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197 H>
100
202
IOC
Rutland pref
Seattle Electric
•
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171
1718 170
8
58
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08
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pref.
%
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llu 107
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N Y N H A Hart....IOC
lot
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110
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Mass Electric Cos....IOC
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Feb’07
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23
80
Jan 24
Jan
Oct 182
Jan 1. 150
Feb 11 100
Jau
20
Jan 2 117 4 J’ly 127
J a 11 11
.90
.Mar
Feu 13 187^ Nov
Feb 12 183
11 s
188
Fitchburg pref
133
108
Last Sale 25 8
8
133
183 s 183
183
183
lo3
Last sale 159 8
Last Sale 226
•200
200
200
*2U0
•200
200
200
Jan ’07
Last Sale 52
*53
Jan ’07
Last sa le 56
-57
Feb’07
Last Salt 45
91
91
•91
92
•91
92
*91
93
*91
93
100 8
100 8
*100
*100
*100
*10O
1728
*1728
172
173
1738 172
170
177
170
170
Jan ’07
*908 918 Last Sale 93
*90 8 918
*90 8 918
Feb’07
Lasts* a^e 170
93 8
93
93 8 •93
93 8 93 s
93 8
93
93 8 93 8
109
109
*109
*109
109
109
•109
Oct
’06
Last Sale 278
Oct ’06
Last Sale 60
Jan '07
Last Sale 14?
"
Do
Con A Mont, Class 4
Conn A Pass Riv pref
Connecticut, River
11 iu nest
Lowes;
7 8614 J’ly 110 Hi Sep
8 r97 7g I let 105V Jan
b tlb
Dee 25 /
Feb 19 239
J an
Auk J 6( >
Jan 7 14/
oan
.53
5<
YlOf
10(
pref
Feb’07
Fob’07
‘68
69
68
63 8
ltK
& Dowell
Do
76
118
188
158
lot
Albany....101 >
Elevated
10<
&
tor 1-reviout
Year(1006)
Jan 2( 107 4 Jan
Feb 7 I 01 **8 .1 ail
99 ^
Sr
98
1
81 225
31 149
230
77 id9
3G i 65
298
581
76
25
FelO( >
A Maine
lot
1
Do
1()(
pref
Boston A Providence lOt
BostonA Wor Elec Co....
3008
26 >4
208
*75
70
280
133
108
'87
*89
91
Last Sale 19 7 8
♦
12
19
1338 134
133 Si
*89
91
•83
*
118
*
Feb’07
160
300 8
2o 8
*
76
153
153
155
lrS
*
Boston
Boston
Boston
Boston
*r
*300
*
26
26 8
300
•26
*75
500
•
99 H
239
149
239
149
149
Last Salt F30
160
100
160
*
*
99 8
239
*93 8
*
*
Top & Santa
Do
pref
Atch
1038
1028
*988
1028107 \
1 Hange
Year
Fiatiest
Lowest
Share
ilailroadM
1
Fanue >or
1907
Sales
or tfu
Week
STOCKS
Pric BH
Per Centum
Share Price*—Not
Weekly and Yearly
EXGH4N&S—Stock Record, Daily,
BOSTON STOCK
J an
Feb
2
1
Jan 3
Jan30
4534 Feb 6
63
Jan 2
7*4 Jan 10
538 1134 Jan 3
276 189J4 Jan 10
2
Feb 21
840
42 *4
Jan 24
76^ Jan 16
lb Hi J’ly
29^ Jan
OH2 J’ly
J’ne
•40
12 Js Jon
1 Hi Jan
13
Nov
1034 J’ne
54 *g Mar
i
n8 Dec
-
1434 Deo
22 Hi Dec
85
Dec
7 4 b’eb
Jan
23^001
7434 Mai 117 h Oct
J ’ly
33
J’ly 6634 oct
11
•70
93
Mat 151
Deo
2 2*4
J’ly
48
Jan
•60
80
2^ Deo
J’ly 114 Jan
May
3>4 J’ly
1 ^ J’ly
534 Jan
90
40
9*8 Deo
Not
18
7® Not
J’ue 122
Jan
Ala)
734 J’ne
5714 May
2b*g Dec
b’eb
78
Feb
11
14»a Alar
9^4 Sep
13*4 Jan 22
66
Jan
Mar
51
Jan 2
47
Mai
7® Sep
43
Jan 7
63 *4 J’ne 6934 Jan
Jau 14
914 Mar
678Nov
10Hi Feb21
4
J’ly 1340ct
14
Jan 23
Dec
Jan l90
Feb 11 131
L«8
234 Deo
3^ Jan 22. •70 J’ly
70
49
79
New stock. t Ass’t paid, t Ex-rigttts. a Er-div. A rights
439
Boston Bond Record.
190V.
Feb. 23
l«»Ua
BOSTON STOCK
WhrK.K
F.XCH’GK
Ibn ce
Week's
Range
Thursday
Range or
since
Ixixt Sale
January 2
teb 21
Lnoiko Feb 22
98
Bell Telephone 4a.... 1908
Telep A Tel coLl tr 48.1929
A«n Writ Paper 1 st s 1 5s g 1919
Atcii A Nebraska 1st 7a..1908
A tell I'm) A 8 Ee gen g 48.. 191*6
Adjustment g 4a
J’ly 1996
Boston Elect Light 1st Os. 1908
fi.m
AM
864
86a*
US7 4 Nov’OO
864 Sale
91
....
1907
.......191 6
1944
Boston Terminal 1st 3 4a.1947
Bor A Mo Kiv ex 0a
1918
Kon-exempt G«
1918
Sinking fund 4e
1910
Butte A Boston 1st 6s....1917
Couar Rap & Mo K 1st 7s. 1910
A Maine 44s
’*98*4**99'
100
J’ne’01
123 4 Nov’uO
1114 J’ly ’05
89
109
J’ly ’06
994
994
1024 J’ne’o6
984 Dec’00
91
91
Nebraska Exten 4a
B & S W s t 4s
Illinois Div 3 4«
Joint bonds See Gt Northern
Chic Jo Ky A Stk Yds 5s .19]"
Coll trust relumiing g4sl94w
Ch Mil A St P Dub D 6a.. 1920
Cli M & St P Wie V div 6al920
Chic A No Mich 1st gu 5a.1931
Chic A W Mich gen 5s....1921
Concord & Mont cons 4s.. 1920
Conn & Paae K 1st g 4s... 1943
Current River 1st 5a
1927
Det Gr Rap & W 1st 4s... 1940
Dominion Coal 1st a 1 6a..1940
Fitchbure 5s
190?-
102ia 101
100
1014,
4'993i
91
914
101
102 4
96
944
100
101
Old Colony
Oreg Ry A
90
1034 Apr’06
MO
1344 NovMO
1933
Apr’05
1921
94 4 Sale
944
943e
944
944
944
944
943* Sale
Note—Buyer pays acorued interest in addition to the
974
90
purchase price tor all Boston
-dmre Price*—Not
*123*
96
20 4
*40
13
50 7a
46
104
uesday
Wednesday
Thursday
Feb 20
ieb 21
Feb 12
Feb 18
)-4‘4
95 4
‘214
43 4
844
95 4
*204
43 4
1
J. ana ay
Sdtvrnay
Feb 16
844
84 4
95
95
954
204
44
*20
*40
13
*13
'
43 4
13 4
51
464
10^
*30
*84
95
20 4
20 4
*20
95
21
44
*42
44
*13
13*8
*134
134
*60°a
51
*50**
46
46
46
104
104
’
**3*14 *3*2*4
144
99*4
144
99*4
714 71*y
944
4
104
Philadelphia
Railways.... 50
Cambria Steel
*60
Electric Co of Amerioa 10
*5
Gen
*46
84
213*
604
•44 4
45 4
45
674
944
574
944
574
934
30
30
30
Ask
Bid
inactive Stocks
Cement
GuolNJ
Bell Telephone
Batt....l00
Preferred
94
10
100
60
Cambria Iron
50
Central Coal A Coke. 100
Consol Trao of NJ...100
Diamond State Steel.. 10
Preferred
10
Eaaton Con Electric 6.50
Elec Storage
614
49
744
64
62
100
Ft Wayne AW V
German to wu Pass
100
Indianapolis St
100
Pennsylvania salt
50
Pennsylvania Steel.. 100
22 4
22
17
16
CO
24
95
Preferred
100
Phila Co (Pitts) pref...50
Phil German A Norris.60
Phila Traction
50
10
6
105
464
94 4
94
4
7
Susquen Iron A Steel..5
*
Bid and asked
Bonda
AI Val E ext 7a 1910 A-0
Alt ALVEIeo 4 4a*33.F-A
AmRysconv 5a 1911.J-D
Atl City lat 5a g’19.M-N
Balls Ter 1st 5a 1926.J-D
BergAEBrw lst6a’21 J-J
Bethle Steel 6a 1998.Q-F
Choc A Me 1st 5a 1949 J-J
Ch Ok AG gen 5a’19 J-J
Col St Ry lat con 6a 1932
ConTracof N J lat 5a.’33
E A A lat M 5a 1920 M-N
Elec A Peo Tr stk tr ctfa
184
8 4
68
164
83*
101
103
Leh V C lat 6a g ’33..J-J
Leh V ext 4a 1st 1948. J-D
2d 7s 1910
M-S
Consol 6s 1923
J-D
Annuity 6s
People’s Tr tr eerts4a ’43
P Co latA col tr 5s’49 M-S
ConA col tr 5s 1951M-N
Phil Elec gold trust ctfa.
Trust oertils 4s
P A E gen 51 5 g ’20. A-O
Gen M 4s g 1920..AAO
prices; no sales on this day.
\ Ex-righta.
110
1044
1184 119 4
112
105 4
105s*
112
95 4 95 4
1064
...
110
170
3,999
1,12.
***7*9
502
It)
1,753
1,190
2,795
7
7,823
7.448
60
66
1114
Co
Cons Cot Duck
Preferred
6b
Corp...50
50
Georgia 8ou<& Fla...100
lat pref
2d pref
G-B-S Brewing
100
100
100
Bonds
Anacostia A Pot 5s
Atl A Ch 1st 7...1907 J-J
Atlan C L RR4sl952M-S
Atl Coast L(Ct)ctfs 5s J-D
Ctfs of inaebt 4s
J-J
108
5-20
yr4s 1925
J-J
BaltCPa83 1st5s’ll M-N'
Balt Fundg 5s.1916 M-N
99 4 100
108 4
108
102
99 4 iod’
694 70
104
|j $7.51) paid,
Exchange 3 4a 1930 J-J
BaltA P 1st 6s mi’ll A-O
Balt Trac 1st5s..’29 M-N
No Balt Div 5s 1942 J-D
Convertible 5s.M6 M-N
Cent’l Ry oon5al932 M-N
Ext A Imp 58.1932 M S
t kl5 paid, t $10 paid,
W .if-’l'KI*
400
Bid
100
Canton
974
I
844
50 13,u37
100
BALTIMORE
Inactive Stocks
Ala Cons CoaiA Iron.100
Pref
100
Atlanta A Charlotte.. 100
Atlan Coast Line RR.100
Atlan CoastL (Conn) 100
1053, 108
J-D
Gen cons 4s 2003.M-N
Leh V Tran oon 4s ’35J-D
New Con Gas 5a 1948 J-D
Newark Paaa con 5a 1930
N Y Ph A No 1st 4a ’39 J-J
Income 4a 1939...M-N
NoOliioTrac cou5a’19.J-J
Penn gen 6s r 1910.. Var
Consol 5s r 1919...Var
Penn A Md Steel con 6a.
Pa A NY’ Can 5a ’39.A-O
Con 4a 1939
A-O
Penn Steel 1st 5s’17 M-N
1014
108
103
Oct M-
106 4107 4 1074
IOO8*, 1J102
..
MO
1074
119 9
id? 4 i*i*d”
1198 4 11994
100 4 1004
11 ’9
1004 100 4 Jau ’07
102
JanM7
100 s 1024 Jau 00
1004 10<»4 Jan MV
96
Feb’oT
96
1194 4 Sep M5
99
99
99
102
102
ibd4 *1*004
954
99
109-4 Aug’05
asked. 1i Flat price.
Range /or Free was
Year Cl206)
Range /or year
120?
Highest
Lowest
12 4 Feb
Ph A Read 2d 5a ’33-A-O
J-D
Con M 7a 1911
Con M 6a g 1911....J-D
Ex Imp M 4a g’47.A-O
Terminal 6a g 1941.Q-F
P W A B col tr 4a ’21. J-J
Portland Ry lat 5a 1930.
Koch Ry A L cou 5a ’54 J-J
U Trac Ind gen 5a’l9.J-J
Un Rya Tr ctfs 4a’49JAJ
United Rys Inv lat coll tr
af os 1926
M-N
U Trac Pit gen 5a ’97 J -J
WeLsbacli a f 6a 1930. J-D
Wlks-B GA E con5a’55J-J
100
Sep*’06
lou°8 Feb’07
2
934Jau 5
20 4 J an 29
43 4 Feb 7
PHILADELPHIA
Ask
108s*
Interstate 4s 1943 ..F-A
Lehigh Nav 44s ’14.Q-J
RRa 4a g
1914.Q-F
Gen M 44s g. 1924.Q-F
103
46
Tidewater Steel
10
Preferred
10
Tonop&h M in mg of Nevl
Union Tr of Jnd
100
United N J UR A C.. LOO
Unit Trac Pitta prel.,50
Warwick Iron A Steel. 10
West Jersey A SeaSh.50
Westmoreland CoaL...50
Wilkes Gas A Elec..100
Bid
PHILADELPHIA
H A B
Keystone Telephone ..50
Preferred
50
Key aton e Watch Case. 100
Lit Brothers
lu
Little Schuylkill
60
Mineliill A Schuyl H..60
N Haven Iron A Steel.5
Northern Central
50
North Pennsylvania..50
92 4
29 4
99 4 99 4
99 4 99 4
ioo 41004
1150 4 Apr
33 4 Jan 15
50
50
lat pref
Do
Do 2d pief
Union Tracton
United Gaa Impt
Welsbach Co
99*4 100 4
Dec ’05
994 NovMO
50 26,602
Reading
Eq II Gaa-L 1st g 5a 1928
Top con 6s ’25 A-O
Indianapolis Ry 4a. 1933
60
Indiana Union TT....100
Insurance Co of N A.. 10
Inter Sm Pow A Cliein.50
Railways Gen oral
84
2o7a
614 5914#
444 -43
Allegheny Val pref....50
Amer
46
*434
PHI LADELPI11A
American
46‘v
84
22
4
104
1(>2
824 Jan
Asphalt tr ctia ....100
Do
pref tr ctfa ....100
Lake Superior Corp....l00
Lemgh C A N av tr ctfa. 60
Lehigh Valley
60
Maraden Co
100
Pennsylvania RR
50
Phila*lelp’aCo (Pittab). 60
Philadelphia Electric*. 26
Pliiia Rapid Tranaitc.. 50
1*4
644 66*16 6411m
85 4
84
Mai’02
984 May’06
Sales
the
Week
Shares
Amerioan
314
*144
984
704
92
101
102
Bn It»more
Con. Gaa ELLA Pow. 100
Do
prel
100
Northern Central
50
Seaboard (new)
100
Do
2d pref
100
United Ry A Electric.. 60
36
85
96
103
Of
(For Bonds and lnaotive
Stocks see below)
lYiday
Ftb 22
93
101
Record, Daily, Weekly, Yearly
ACTIVE STOCKS
Per Centum Prices
bid’
11024 J au ’05
1121*8 Mar’OO
103
JnnM7
107 4 Nov’Uo
Bonda. * No price Friday; latest bid and
Philadelphia and Baltimore Stock Exchanges—Stock
98 4
98
10o4
Jan M.
99 4 J au’07
1004 Jau ’07
ibi
lat lien conv 4a
1911
United Fruit conv gen 68.1911
U S Steel CoTp 10-60 yr 6a. 1903
West End Street Ry 4s
1916
Gold 4 4a
1914
Gold debenture 4a
1910
Gold 4a
1917
Western Teleph A Tel 5s. 1932
Wisconsin Cent lat gen 4al949
Wisconsin Valley lat 7s.. 1909
100
1004
1 is %
100
99 4
100
1924
gold 4a
l'o'u"
102 4 Aug’04
99 <b
Nav con g 4a.. 1940
Oreg 8h Line lat g 6a
1922
Repub Valley lat a f Os...1919
Rutland lat con gen 4 4»-1941
Rutland-Canadian lat 4a 1949
Savannah Elec lat cons 5a. 1952
Seattle Elec lat g 5a
1930
Lerre Haute Elec g 5a
1929
Torrington lat g 5a
1918
U mon Pac R R A 1 gr g 4a. 1947
100 4 Oct
140
r-‘S
High.
\Low
844 FebM i
2 0 4 Oct ’Of.
174 Aug’05
85 4
84
5a
.1915
New Euirland cons g 6s... 1945
Boston Term 1st 4s
1939
100
102
89
LOO
89
Jan ’07
100
Jan’07
103 4 Sep ’05
C B & Q ooll tr 4a 1921
Registered 4s
99
--- —
’of ”yj”
tl igh .No
1004 Oct ’*00
10-? 4 Jau ’07
Nov’Ot;
12 -'
Jail ’07
98
1024 Nov’00
it'
118 v
94 t, Pec’O"
Feb M7
92
Jan ’07
101
101)4 Sep ’00
1134 NovMO
101 »4 Sep M7
118
Mx> ’04
IjOW
1908
Oa
1014 J’ne’OO
112 4 Jan ’03
104
Nov’06
Fremt Elk A Mo V 1st 6s..1933
Unstamped 1st Os
102
95
122
Apr’06
Feb’05
120
Feb’07
100
lol 4 Feb’o7
1915
1927
Gt. Nor
i
Feb’07
96
90
854
i *0*0*4 io’oH,
102 4
1913
4s
May’05
1004 Feb’07
1922
1927
1921
1949
4s
12
90
11838
Hough & Ont let Oe. 1925
Mexican Central cons 4s.. 1911
1st cons inc3s
Jan 1939
2d cons ino 3s
Jan 1939
Mich Teleplst 5s
1917
Minne Gen Elec con g 5a 1929
New Eng Cot Yarn 5a....1929
New Eng Teiepb Os
1907
99=4 Oct ’00
7s
1909
Cent Verint 1st g4s..Mayl920
O B A w Iowa Div 1st 5s. 1919
Iowa Div let 4e
1919
994
Mara
10741074
D>7 4 Jan’07
102
Sep ’05
107i*
•jo
Deuenture os
Denver Exteu 4s
994 llOl3*
91\ 92
iio” ffeb’04
104 4 Apr’00
101
Sep’06
114
Mar’o6
112 4 Jan,’03
4e
Boeton
11
9978 U101 4
914 Feb’07
ask
100
Illinois Steel deben 5s....1910
Non-convert deben 5a...1913
la Falls A Sioux Clet7s..UU7
Kan C Clin & Spr l9t 5a...1925
Kan C Ft S A Gulf 1st 7s.. 1908
Kan C Ft Soott A M 6s....1928
Kan C At & B gen 4s
1934
Assented income 5s
1934
Kan C A M Ry A Br 1st 5sl929
Kan C St Jo & C B 1st 7a. .1907
Maine Cent cons 1st 7s...1912
Cons 1st 4s
1912
Mar’06
104
9941004
1924
Consol 6s
Boston & Lowell 4s
98
January
sale
Last
t e:> ,■ i
nee
s i
Range or
Rid
High.
98 4
804 904
Low
98
High
Askt Low
98i* 98
Bid
Rr n“t
IFaefc’s
trice
BOSTON >TuCK KXCH’GE
Wbik Ending fed 22
8
35
85
97
Jan
9
Jau 10
Jau 26
234Jau
7
Jan
7
3
48
134 Jan
Highest
1Aiioe st
Dec
41
Del
90
J’ne
J’ne
35 4
80
97
23
48
J’ly 111 4 Dec
13
Dec
32
J an
62 4 J»n
19
Jau
Dec
Dei
51
Jan
51
Jan - 2 50 J4 Sep
394 Nov
47 4 Jan 24 3034 Jau
12 4 Nov
11
Ma>
11 Y, Jan 14
14
Jan
Nov
6
8
Jau25
48
J an
Dec
31
314 Feb 18 86 Jau26
J an 8
16
144 Nov 23 \ Jan
Feb 1*
14
Jau
Dee 118
Jan 7 LOO
98
heb 6 103
J’ne
May 86
694 Jau 31 7.^7fcJan 5 65
8 4 J an 7
^7i* Oct 316i« Jan
14 Feb 6
644 Feb 1 TOiiieJau 8 61Y J’ly <3* *18 J an
Mar
47
4
44
Jan.il
81* Jail 4
Apr a64
504 JaD 29
Jau 2
Feb 15
Jan 14
38
10
7
7l"i8 Feb
i
19l* J an I n
69** Feb 1
444 Feb 9
44 4 Feb 9
54
Jan 15
904 Jan 3u
25 4 Feb 11
Ask
111 4
106**
i*2*d*
100
*64*
97 4
894
110
75
64 Dec 9aio Oct
Dec >314 Jan
83
Jan
Mk\
Apr 7i518 Jan
51
Jan
.Via)
65
Aug
Dec
Feb
5 1]81 4 May .01
83* Feb 11
24
Jau22 cl 91*
69 Y. Jau 7
564
45as Jan 14 4 3 4
47
Jau14 44 4
60*8 Jan 22 68 4
964Jan
30
Feb 18
25
Dec
BALTIMORE
Bid
Chas City Ry lat 5a ’28 J-J
Chaa Ry G A El 6s ’99 M-S
Chari C A A ext 5s.’09 J-J
2d 7a
1910 A-O
104
92 4
112
109
City A Sub lat 5a. .’22 J-D
City A Sub( Waa)lat5a’4b
Coal A 1 Ry lat 5e’20F-A
Col AGrnr 1st 6a.l916 J-J
Consol Gaa 6a.-.1910 J-D
1939 J-D
6a
Ga A Ala lat oon 5a ’45 J -J
GaCar AN lat bag’29 J-J
Georgia P lat 6s...’22 J-J
GaSo A Fla lat 6a 1945J-J
G-B-S Brew 3-4s 1951M-S
2d income 5a 1961 M-N
Knoxv Trac lat 5a ’28A-U
LakeR El 1st gu6a’42M-S
90
93 4
180
119
275
320
91
124 13
324 33 4
30
95
100
80
82 4
6
64
90
103 4 104 4
1004 iou4
974
107
88
88
lo4
no
100
98
109
69
s.
9U
1044
111
102
10/4 109
113
115
114
117
iYd** i’l£ 4
110
i $20 paid,
32
51etSt(Wasb)lat6s’25FA
Mt Ver Cot Duck
Incomes
1st 5a.
NptNAG P 1st 5s’38 M-N
General 5s
1941 M-S
Norlolk 8t 1st 5a’44..J-J
North Cent 4 4a 1925 A-O
J-J
Series A 5s 1926
iSeries B 5s 1926
J-J
Pitt Un Trac 5a 1997.JJ
Polo Val lat 5a 1941..J-J
Sav Fla A West 5a’34 A-O
Seaboard A L4a 1950 A-O
Seab A Roan 5a 1926. J-J
South Bound lat 5a..A-O
U El LAP lat 4 4s’29 M-N
Un Ry A El 1st 4s’49 M-S
Income 4s 1919
J-D
Va Mul 1st 6a 1906..M-S
2d senes 6s 1911...M-S
3d aeries 6s 1916..M-S
4th aer 3-4-5s 1921. M-S
5th senes 5a 1926.M-s
Va (State) 3a new ’32.J-J
Fund debt 2-3s 1991.J-J
West N C cou 6s 1914 J-J
WeaVaCAP lflt6g’ll J-J
Wtl A Weld 5a.. 1935.J-J
a Reoeipte.
b $25 paid.
Mar
Ask
94
1084 108 4
102
103
1023* 1034
113
103
109
107
107
115
4
4
4
4
1044
ill)
108
1084
1187a 120
109 °8 1104
67 4 67 4
23 4 24
106 4 108
114
110
84»* 85
-
95
«r -
100
LU84
80 4
804
112
ill
108
924 93
88'V 90
06 4
57
io*8v i*0*9 *4
109
109
no
92
111
93
923*
93 4
110
105 4 106
1134 115
e $30 paid.
THE CHRONICLE-
Volume of Kusioexs
i'UA.N SAOTlUM 8
i >a
THE
A i.
YOKE
NEW
WKiiKLV
ri.v.
-tt.inic r]xo
ar,
!
1,1 1 'S, 7 - • I
501.402!
Wednesday
Thursday
Rauroan
Bonds
.f 27.572,-’5"]
5d,9 1 8,650
87,72 s.OOo
V
64 6.009
Bin
$5
-
)j 135
'4
j|
Cominer U
n Tel (N )
Emp A Bay state Te
J 1 3
i
$4,0i>t*
1120,600
102.000
1,000
298,000
209>00
j!
6
I
O
„
„
55
45
65
68
113 V 114 k
L2o
115
75
83
98
L02
1
I1 Northwestern Tele<
1
4
Electric Companies
Chicago Edison Co Bee
Ferry Companies
191 6
Ijl.Cnuubie
)l
$735,000! $25,OUO
1907
!! iudtiMirihi
[89
1150
110
January 1 to ieb 22
.
1906
1907
89,500
: ash.
»
IlN Y A N J Telepli..
$‘;5.000
$6,043,500
deb 22
Weefc ending
I.'cchanqc
Hoads
45.455 4U<>!
1IOIH DAY
2.323,790 $ 257.779,100|
^a 'Ais at
Aew > ork Btock
V A
Bonds
a talc
sc
1,1 8 6,500
1 ,488,000
1 .066,000
40,104,20!i|
Friday
j
1
Jyar naiue
5s5,)69!
Total
fcACHAMm,
i
35 ‘,236
7 58. u.i
Tuesday
ielrgr A Telephone
AmerTelegA Cable lot
)|
Shares
....
*
1 central A So Amer
V KA Ul,Y
AM)
.'ilortcs
oaiiir*;*».>
.uonoay
MlJCK
>an-w
[ V OL. LX XXI V.
BONUS
$25,000
$46,000
785.000
6,043,500
1,348.600
8,960.000
$141,500
9,278,'*00
67,525,700
$429,100
19.196.000
129,211,100
Total hoods....
$6,803,500
$10,354,600
$76,945,700
$148,836,200
thansactions at the boston and thiiadelphia
exchanges
daily
Week endinQ
Feb 22
Saturday
Monday
Tuesday
Wednesday.
Thursday
.
Boston
Listed
shares
Philadelphia
Bond
Unlisted
shares
lAsted
shares
sale 8
41,048
5ti.40»
65,962
5,783
10,875
77,658
59,827
9.649
$26,000
19,0u0
48,000
46.0U0
10,851
HO El
Total
7,034
21,650
1
300,903|
45.56o|
Bond
sales
$36,600
9 o,7 00
5,207
6.673
H OLIDA Y
4,236
8,393
71*20*6
24,509
$253,500
18.398
18,048
10.000
8,402
!
Unlisted
shares
50,000
DAY
65,130
$149,000
A
We ole Lu
Street
Review o' Outside Market will tie found on
Railway*
Bid
8lreet
Ask
NEW YOKE CITY
Bleeck St A Fill P’ stk 100
1i 1st mort 4s 1950 ..J-J
H B’y A 7tli Ave atk ..100
1j2d mort 5a 1914 ...J-J
(Jon 6s 1943
Bee Stock
28
88
228
100
Exch
8’way Surt 1 at 5a gu 1924 *103
UCeut’l crosst’n atk..100 270
Ijlst 61 6a 1922 ...M-N ill
IlCen Pk N A E It stk.100
IJChr’t'r A lOtli St stk 100
Col A 9th A vo 5s Bee Stock
Dry D E it A B—
111 at gold 5a 1932.. .J-D
F’-A
ljscrip 5a 1914
Eighth Avenue atk..lOo
Scrip 6a 1914
F-A
1j42d A Or St F’y atk.. 100
185
160
Exch
106
93
102
32
92
235
104
list
106
300
116
195
375
60
Ijlst mort 6a 1910 .M-S
II Vletropol Securities 100
Metropol Street ity. 100
Ninth Avonuo stock.100
Second Avenue atocklOO
Ijlst mort 58 1909 M-N *100
C01180I 5a 1948
F-A *108
11 Sixth Avenue stock 100
170
list
Tarry W P AM 5a 1928 *102
YkersSLRROs 19-lGA-O *100
28th A 29th Sts 1st 5a ’96 *104
UTwenty-Th’d St stk 100 375
Union lty 1st 5s 1942 F-A *106
Weatchoat 1st 5s ’43 J -J *103
BROOKLYN
Atlau Ave 5a 1909..A-C* *100
Con 5a g 1931
A-U *106
B B A VV E 5s 1933..A-U
99
Brooklyn City stock... 10
Con oa
Bee Stock Kxch
BkluCrosstn 6s 1908.J-J
Bku LLgtslstos 1941 A-O
Bkln Q Co Ac Sub see Stk
Bklyn 1 lap Tran See Stk
HConey la. A Bklyn ..100
1st cons g 4s 194,s..J-J
lirk C A N 6s 1939.J-J
Gr’pt AliOiimcr SL 1st 6a
218
Exch
Ex eh
200
90
103*"
112
180
195
102
110
IjCon g 5s 1936
106
list
104
102
107
400
106
105
103
$220
II Preferred
1st 6s 1930
102
107
list
re., ■
20
30
70
75
102
*101
k Exc h list
Exch list
190
170
100
* 99
107
103
*102
98
*
38
ib’i*’
*100
M-N
list
A Tract.100
'....100
75
100
104
80
1 20
105
91
108
96
103
Bay State Gas
V
V
50
100
Binghamton Gas 5s 1938 * 96
Brooklyn Union Gas deb
93*
U05V
111
6s 1909 conv’07...M-S
Butlaio City GasstocklOO
1st 5s 1947
Bee Stock
Consol Gas of N J —
1st 6s 1936
J-J
Consumers’ L H A Pow—
5s 1938
J-I)
Elizabeth Gas Lt Co..100
Essex A Hudson Gas loo
Fort Wayne 6s 1925..J-J
Gas A El Bergen Co.. 100
Grand Bapids Gaslist os 1915
F-A
Hudson Co Gas
100
Indiana Nat A ill Gas—
1st 6s 190S
M-N
50
Indianapolis Gas
1st g 5s 1952
...A-U
Jackson Gas 63 g ’37.A-O
Kansas City Gas
100
Ii Laclede Gas
100
1i Preferred
100
110
Laiay’eGaslst0s’24.M-N
82 "s LogAWabV lst6s’25.J-D
78
Madison Gas 6s 1926.A-O
Stk E x list Newark Gas 6s 1944.C* J
hieago list ! Newark Consol Gas.. 100
lot)
97
TC011 g os 1948
1-D
07 L 03 V No Hudson L H A Pow—
os 1938
A-O
94
* 94
1,0 A 1 mi C Nat A 111 .100
40
60 |
1st 6s 1926
i-D
75
Pat A Pas Gas A EleolOO
* 74
74 t
75 V
1; Con g 5s 1949....M-S
106 | St Joseph Gjis 5s 1937.J-J
*105
120
7
Exch
*
ftp1
a
139
8 Hi
list
92
89
*104
275
124
45
55
50
60
103
*102
111V 113V
*
*
20
26
70
98
lcO
100
96
60
,
.
.
►
•
.
44
*
*i06V
*133
90
106
ioo
97
60
37 V
no
134
91
106 V
*105
“9“
63
*100
*
84
35
73
102
88 V
1i Union Ferry stock .100
$1 at 53 1920
M-N
82
29 V
92
90
Short Term Nolen
Am Tel A Tel g 5s’10 J
*
Chic A Alt 5s 1912... J-J *
Ch B I A Pac 4 4s ’O
*
Chic A W Ind 5s ’ 101
*
lnterb B T 5s Mch
*
Kan CSogSs Apr’12 J-J *
*
*
*
*
Penn gu4 48 1907
M-N *
St L A S F g 4 4 ’08... J -D *
South By g 5s 1910.. F-A *
U S Kubbergos’08..M-S *
97 V
98 V
98 V
99V
97
95
99 V
99
97 V
99V
99k
96V
96 k
98 k
97 V
99 V
98 V
99
V
97 V
96
99 V
99 V
98
99
V
99 V
96 V
96 V
98V
Kaiirond
1*»96
URailroad Securities. Co.-
ill.C.stk.tr. cfs.sex .A’62
Seaboard Air Line—
Coll tr 5s 1907 op...M-S
SeaboardCo
Bee Balt
92 V
ExclV
list
Industrial aiul lUmccl
Alimeek Mining
110
25 100
Alliance Realty
L30
100 120
Allis Chalmers Co 1st m
s f 5s ’36 opt’ 16 wi. J- J *
81
81V
American Book
10U 170
180
American Brass
loo
140
American Cun com... 100
6V
6a4
Prelerred
100
64 V 65
American Chicle Co.. 100 185
190
Preferred
100
100
105
Am Graphopho com.. 100
42 V
44
Prelerred
loo £83
85
Amer Hardware
100
116
118
Am ice Securities.... Bee Stk E X list
Am Malting6s 1914.J-D
103
104 V
Amer Press Assoc’n.100
95
100
Am Soda Fouu com.. 100
1
3
1st preferred
loo
42
2d preferred
5
loo
10
Am St Found 6s ’35 A AO * 95
96
American surety
.50 187 k 192 V
American Thread pref..5 1
4V
4
AmTobac(uew) comluo 350
390
Prelil
Bee Stock Exch
list
4 s and 6s
Bee Stk Exch
list
Am Typefo’rs com...loo
38
39
Prelerred
100
99
Amor Writing Paper.luo
3 V
Prelerred
1
100
24 V
1 st sf g 5s ’19 op ’09. J - J
81V 85
08
11 Barney A Sm car ...lou
72
$ Prelerred
100 137
17
UBethl’m Steel Corp .100
•18 k
50
loo
1! Preferred
60
lBtext 5s—Bee Stk Ex cluing 0 list
Bliss Company coin
145
50 j 35
Preferred
50 13o
134
Bond A Mtg Guar.... loo
3 (5
Borden’s Com! Milk., loo
170
L75
|
Preferred
i..luu
111
British Col Copper
9
6 f
8 ‘j.
V
Butte Coalition Min.. 15
35
36
Casein Co of Am com., lou
2
5
Preferred
lou
75
S'*
150
Casualty Co of Amor. luO 130
Celluloid Co
100 132
137
Cent Fireworks com.lOU
12
16
Preferred
loo
05
71
......
Central Foundry
Co. lor
Ii Dominion Copper (lie w) 1«
i| I >ougias Copper
Preferred
Electric Vehicle
Preferred
103
124
7 4
|||
75
i«n
34
100
12 4
9
I
58
41S
%!
lu
:>2
.
80
14
";<i"
l(ji
Empire Steel
214
I
5i
100
jui
50
86
Ll/2‘
lu3 4
21
‘J 214
4 4
31 4!
3 1
J4
24
J8
-
,/o
I
i
29;
Hackensack Water Co—3
Bef g 4s 52 op 12...J-J * 90
92
Hall Signal Co
85 J 92
loo
Havana Tobacco Co..lO(‘
12 41 15
Preferred
lot
20
25
1st g 5s June 1 ’22.J
60
63
Hecker-Jones-Jew’l Mill
1st 6s 1922
M-S 105
LOS
34
Her’g-Hall-Mar.uew.lOd
40
Hoboken Land A liuplOo 200
....M-N *100
1i5s 1910'
103*
Houston Oil
8
100
9
Preferred
48
50
luG
Hudson Realty..
120
135
11ngersolI -Baud com. lot
92
1i Preferred
10.
1 nternat’lBauKingColoi
125
135
9 V
Int’n’iMerc Marine.lot,
9 V
Preferred
101* 27 k 28 V
Col tr d 4 4’22op’07A-O
74
[nternat’l Nickel ....x(uJ
lio
116
.84
Preferred
10.
8.8
international Salt....lot
16
IS
1st g 5. 1951
65
05
A-C
Interiiat.uual Silver, loi
10
15
Preferred
iu<
65
68
1st 6s 1948
J-D; 107 k 109
Lackawanna Steel...loc
65
6 7
Lanston Monotype
12 k
1 3 V
2b
191
Lawyers Mort iusur.lOt 189
52
70
TjLeh A Wilkesb Coal.61
Lord A Taylor
140
iOu' 130
Preferred
100
lot
105
135
1 50
ULoriliard (P) pret ...lot
Mack iy Companies Bee Stk E X list
Madison Sfi Garden..lot.
15
25
2d 6s 1919
M-N
76
1i Man halt Beach Co.luO
4V
5-V
5
Manhattan Transit
20
5 V
Mcx Nat Construe.ptlOO
13 •
17
6 V
6 V
Mouongaliela B Coal..Doll
Prelerred
Do
25 V
97
Mortgage Bond Co... lou
102
Nat Bank of Cuba
1
00
lou
105
National Surety
175
lot* 165
Nevada Cons’d Copper.5
18 V
18 V
35
1;New Central Coai
go
40
N J Ter Dock A Imp. 100
36
N Y Biscuit 6s 1911.M-S:
102 V
N YMtge A Security. 100
180
i9t)
31
45
1iNew York Dock
100
70
1iPreferred
lou
80
N Y Transportation...20
3 V
4 V
Niles-Bem-Pond com. 100
110
12<)
13 V
13 V
Nipissing Mines
6
i k
S h
1iOntario Silver
10*?
Otis Elevator com
48
53
loo
Prelerred
94
loc
97
Phoenix Securities...
t
V
31
31 V
Pittsburg Brewing
5o’
Preferred
60
.'
5250
Pittsburg Coal Bee Stock, Exch list
loi!
100
2 V
3
Pope Manutacturing.loo1
1st
prelerred
Chesebrough Mlg Co 100
420
Chic Pneum Tool.
Bee Ch icago
City Investing Co
Luo lou
IJClatiin (11 B) com....loo 101
lilst prelerred
lou
98
1 2d preferred
100
.93
Colo Industrial. Bee stoc i. Ex
Col A Hook Coal A1 pf 100
74
1st g os 1917.
.J-J * S '2 4
Col tr 6s Oct i956..J-J
97
Consolid Car
48
loo
.
Heading
By LtgA Being.loo
4
440
list
! 105
1110
list
'1 6
60
10 V
i y
98
102
..luo
2d preferred
lot,
LTatt A Whitn pref..loo
Public Serv Corp of Va—
1st m g
6s J lay 1936 opt
95
155
Royal Bak Powd p'ret.ioo
Satety Car lleat A Ltlou
103
Realty Assoc (Bklyn)luo
Seneca
Singer
Mining
25
ltM,
lUu
Mig Co
Standard
Cordage
i st M. g. 5s. ’.H red ..A.O
Adj U8L M .6 s. Apr 1, i93i
Standard Coupiei coiniOb
Preferred
lot
Standard .Milling Co.loo
Prelerred
100
1st 5s 1980
M-N
Standard Oil
of N J..I00
S Witt A Co Bee Boston a 1
1st 5s 1910-191 4...J-J
Te n n es3 e o Cop p e r
26
liTexasA Paeiucc'oal
luo
1st 6s 1908
A-o
Title Ins Coot N Y..1U(^
27 0
97 V
16-.
iu7
290
4 7"
lea
7
i; Prelerred
16
104
70
177
16
14
90
36
17
95
45
V
il‘J
92
71
100
100
it
US Bub 2d pi
U S Slcei Cor piu.ition —
Col tr s 1 5s ’51 opt '11.. nil
Col tr s f 5s ’51 not opt.. •112k
U-S Tit GuA indem.loo
Utah Copper Co
lojt 38
i Westchester
A
Bronx
Title A Mort Guar. 100 170
26
in Ice
loo
4’! West 1 ugh Air Brake..5U t I664
5
8
Consol Bubber Tire., lou
6 4
Preferred
lOu
21
30
Debenture 4s 1951 A AO
4 5
50
Cons Storage Battery!0u
8
11
Corn Prod Bef Bee Stock Exch list
Cramps’ Sli AE11 Bldgloo
15
20
St’k Exch., but not
93
123
122
66
6:>
94
795
>
rf
loo
40
iOu
10
L
IOu
Bee 5>toclc Exch
ij
1014!jWest
62
s
16 V
90
1 20
IP.)
62
1JUnitedJigarMig.,pi. lot)
V
54
13
i
Trenton Potteries com lotPreferred new
100
Trow Directory new..100
Umon Copjicr
lo
Union Typewr com..iou
1st preferred
xoo
2d preferred
loo
Unite'd Bk Note Corp..50
Prelerred
5o
9 V
at)
48
120
130
7
iO
27
30
77
78
i) 1! 5
529
Ex. ii’ge
v
/lot
102
49 V
5()
7.)
Tonapah Min (Nevada).l
Preferred
100
15 V
17
United Copper
Deb 6s 1919 op ’01 M-N
70
Preferred
72
Central Leather
Bee Stk E X list! U, S. Casualty
Century Realty
100 185
19u
U s Envelope com...
on
1 Hit1 23
Ij'Diamond .Miitei,
Electric Boat
1 1
.9
'•
■
1
3
1
Undeposiied stock
3
Prior lien g4 4s’30MAS
90
100
Con mtg g 5s 1930.JAJ
60
66
Income 5s 1930
5
10
Clue Subway
27
100
27 V
Ft W A Den Cy ncL.100
75
Great Norlhen Ore
Bee Stk E X list
N Y N 11 A Hartford—
Con deb 3 4s 1956. JAJ *107 V 110
Nor tli’11 Securities Stubs
125
150
Pitts Bess A L E
50
32
yo
Preferred
50 f 70
75
SE-rights.x Kx-div. (Now stock. ‘JSells
< -s
ui
108
107
*105
Cons
1
scor’d int. f Prtoo per all. tSaie price.,
,1*4f'" -M“H|fHlW|F(H*W«tr^<
106
104
OTHER CITIES
Amer Light
Preferreit
Hid
N Y A N J 2d 5s 1946.J-J *103
10th A 23d Sts Ferry 100
30
1st mort 5s 1919...J-D "4 7 7
*100
hieago list
100
Lynn A Boa 1st 5s ’24.J-1) * 1 07 V
32 b,
IfNcw Orl Bys A Lgt. 100
77 7s
$ Preferred
100
s'
109
104
M-N
Cent U11 Gas 5s g’27.JAJ
Cou Gas (X Y) stk. Bee st
Conv deb 6s ctfs Bee Stk
IlMutuai Gas
100
New Amsterdam Gas—
1st consol 5s 1948..J-J
N Y A East River Gas—
1st 5s 1944
J-J
Consol 5s 1945
J-J
N \' A Biclimond Gas. 100
Nor Un 1st 5s 1927.M-N
^Standard Gas coin ..100
Preferred
85
100
£8
Lake St (Chic) El
Bee O hlcago list
liLouisv St 6ft 1930..J&J * 11 o V 111 V
*107
*102
*115
NEW YORK
Bee C Incago list
Columbus (U) St By..100
lul
102
Preferred
100
100V
Coinm ity con 6s Nee Ph ila list
Crosst’wn lst6s’33.J-l) *107
109 V
Grand Kapida ity
69
70
100
* Buyer pays
7 L*
119
99
Onn Securities
Chicago City lty
North Jersey St llv 1(H)
1st 4a 1948
M-N
Cons Trac of N J...100
1st 5s 1933
J-D
.
i -70
117
* 97
* 108
1| West Chicago St ....100
OTHER CITIES
Tr ctfs 2'V to 6% perpet
Coll trust 6s goal notes
1909 optional
M-N
......
35
43
41
76
77
H Preferred
100
Gen 4s 1934....6’eeStk Exch list
U mt RyaSan Frau N’eeStk Exch list
39 s,
40 V
Wash By A El Co.... 100
86
85 V
Preferred
100
84
V 85V
4s 1951
J-1)
1st 4a 1949
Bee stock Exch list
Nassau Elec pro!
65
75
100
6s 1944
A-U
105
1st 4s 1961
See St k Ext hi is l
N Wb’g A Flat 1st ex 4 Vs
100
104
115
Steinway 1st 6s 1922.J-J *113
i;Gen M g 4 Vs ’36
Bee
North Chic Street Bee C
Pub Serv Corp of N J lt»«J
......
*106
United Bys of StL—
Com vot tr ctfs
100
400
Co. Elevated—
Buttalo Street By—
1st consol 6a 1931..F-A *109
Deb 6s 1917
A.O * loo
Ask
Trent P A H Da 1943J-D *100
109
list
100
103
Bid
Syracuse Bap Tr5h 1946 *105
1370
*ioo“ iuT
Sou Boulev 5a 1945..J-J
So Fer 1st 5a 1919...A-0 *105
Third Avenue Bee Stock Ex ch
Railways
1st 5s 1921
A-O
J C Hob A Paterson 100
4a g 1949
M-N
So J Gas El A Trac 100
Gu g 5s 1953
M-S
No Hu<l Co By 6aT4J-J
5s 1928
J-J
Ext 5s 1924
M-N
Pat City con 6s ’31.J-D
2d 6s
1914 opt A-O
So Side El (Chic)
Nee C
102
106
170
190
preceding pane.
ltapid Tran St lty.. 100
109
97
“
a
Pub Serv Corp N J (Con)
New’k Pas lty os ’30J.-J *109
245
70
105
67
72
ii2d income 6a 1915 J-J
Inter-Met—Bee Stock Ex clxa’gc list
LexAv A Pav F5s Nee St k Exc list
42U St M A St N Av.,100
kings
78
*loo
Ohio Peo A St L pref.100
Deposited stock...
Outside Securities
Us of
A SH.
•
10-7
10.
GugiieuheimExplo’n.lOo
70
81
65
_
Government oonds
State uoiuis
BH. and 1111s. bonds
Cuban
/•»
j 00
H Federal Sugar,com.. ) 00
lucagc list
1i Prelerreu
loo
125
illGeneral Chemical ..loo
t ; TV
9» V
1; Preferred
loo
73
IGold Hill Copper
65
1
v<»
7 0
| Greene Canauea (w 1 >. *21 <
65
75
Greene Con.Copper... 10
70 V jGreeue Consol Gold... Li
* 70
Greene Gold-Silver.... lOj
* 98V 10O
34.888,638
3,323,796
1,930,131
56,767.982
$257, '79.1 00 $432,422,1 00 $2,930,951,285 $5,162,653.9.j()
4)112,70 j
$5,890
$26,000
$68,9u0
Preie red
Preferred
V
Stocks—No.shares
Par vaiuo
Bank shares, par..
11ml .ihmee
steel
:
140
list
112
no
39
IsO
27
j| 1| West Elec A 51 fg—
Con sf 6s Bee Stock Exc li. list.
While Knob Mm
lu
•V
4
Preferred.
10
2V
234
Worthing Pump pref.100 114
117
a
very aotive
security.
Feb. 23 1907
J
THE CHRONICLE.
441
iuwestttxmt and Railroad Intelligence.
RAILROAD
The
following table shows the
gross
earnings of
GROSS
every
EARNINGS.
STEAM railroad from which regular weekly
monthly returns
or
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
statement to show the fiscal year totals of those roads whose fiscal year does not begin with July, but covers some other
period. The returns of the street railways are brought together separately on a subsequent page.
•can
Latest Gross Earnings.
!
July 1 to /
Latest Gross Earn}nos.
I to l.a'st Date.
July
.
HOADS.
Week or
Month.
1
Current
Year.
Previous
Year.
Previous
Current
Year.
HOADS.
Week or
Month.
Year.
Previous
Year.
Current
Year.
i
i
$
S
$
Ala Great Southern —See Sout hern Rail way.
Ala N O & Tex i :ae.
i4th wk Jan
122,577
117,595
1,898,207 l ,654 ,973
63 613
1th wk Jan
783 .079
915,284
59,865
711 ,251
4th wk Jan
58,652
60,786
945,203
20 ,003 j
4,328
22,352
3,711
j December
t December
k .-Vteh 'Top & S Fc
7,903.547 7,001 221 45,576,509 39,868 ,439 |
!
1,081) ,070
; Not ember.
362,083
321,613 1,780,293
531 .819
i December
124,261
81,359
760,466
December
2,427,760 2,227,265 12,605.802 1 1.51*4 ,970
6,365,559 16.573,466 48,136,750 45,183 .874
January
December j
184,599 1,533,771
1,153 ,807
239,645
30 ,830
5,133
January
5,683
34,217
X Y C & Hud River
Lake Shore Ac M S
Lake Erie & West
Chic Ind A: Sou./.
N Y Chic Ac St L.
N Y Chic Ac St Louis
X Y Out A: Western
X Y Susq Ac West
Norfolk & Western.
Northern Central..
Northern Pacific
Pad lie Coast Co
dPenu—East P Ac E
//West I’ Ac Ea
Ac
Peoria
Eastern
Phila Balt A: Wash.
Buff itocti & l>itts_
Buffalo & Susq
1
2d wk Feb
December
December
12(1 wk Feb
_
3,026
134,933
145,251
2,523
153,461
125,518
25,859
5,176,270
896,299
!
10
,445
..
5,030 ,803
780 389
975 ,771
,
119.241
128,863
957,095
82,000
79,500 4,402,300 3,198 ,300
974,000 1,008,000 43,447,473 37,831 ,970
; 2d wk Feb
! 2d wk Feb ! 261,600
235,100 7,753,894 7,271 ,338
l December
.2,220,742 2,118,194 13,420,719 12,834 ,285
i 1st wk Feb
80 .071
2,614
2,991
95,428
Chesapeake Ac Ohio December 2,051,651 2,047,828 12,583,397 11,804 ,154
18 ,121
Ac
Lane
December
*
Chesterlield
3,935
2,787
22,513
1 ,125,009 1,056,743
Chicago & Alton Ry December
6,682,518 0,230 ,203
Chic Great, Western 2d wk Feb
150,548
155,458 6,060,313 5,577 ,810
101 ,060
Chic lt:tl & Louisv. 2d wk Feb
95,940 3,719,918' 3 .740 .537
Chic Imi Ac Southern —See New York Ccn tral.
5,133,358 4,790,712 31 .003.284,
: December
December
5,717.035 5,090,257 35,879,940 32.931,035
Chic St Haul M & O. ! December
1,314,978 1,115,642 7,438,338 0,904,203
.2d wk Feb
30,795
33,301
1,065,906
1,084,088
—See Sout hern
Ra 11 way
—See New York Ceil tral.
Clev Oin Chic Ac St L —See New York Ceil tral.
1.308,480
208,072
191,030
1.108,975
jl2d
December
wk Feb
258,223
223,663 8,456,078 7,475,728
1 44,070
: December
27,135
153,676
27,038
60,725
342,573
51,225
406,095
| December
Cornwall
17,366
109,663
! December
94,594
15,791
229.305
33,015
38,267
242,963
j December
!2d wk Feb
369,100
351,600 13,254,997 2,417,000
2d Wk Feb!
21,056
079,691
22,355
765,818
Det Tol & Iront Sys 1st wk Feb
73,258
81,114
2,610,937 2,557,251
l)ul It L & Winnlp. December
26.768
108,944
24,670
168,412
Dul So Shore Ac AtL 2d wk Feb
47.016
56,759 2.021,773 1,934,692
Erle.
December
4,104,520 4,238,469 27,025,201 !5,859,988
Island S ystem.
Evansville Ae Ter H —See Rock
1 ,429
Fairchild & N K
December
12,992
2,469
8,890!
Fonda Johnst Ac GL December
418,911 i
388,936
54,251
51,787
December
254,190
234,084 1,533,29)
1,437.700
Georgia 11R
1
7 .700
Georgia Coast Ac P't November.
1
Georgia South& Fla —See Sout hern Rail way.
Grand Trunk Sys._ 2d wk Feb
663,298
628,018 27,224,6621
,903,545
Gr Trunk Wcst.. 4th wk Jan
124,806 3,558.079
126,645
,259,168
Det Gr il & MIL. 4th wk Jan
934.197
49,433
43,409
1,102,450
Canada Atlantic. 4th wk Jan
35,681
.180,688
34,114
1,220,463
Great Northern
January
2,352,887 3.410,467 31,489,312!
,160,656
193.639
Montana Central. January
237,193
,616,490
1,632,4601
Total system
2,546,526 3,647,660 33,121,772)
,777,146
January
Gulf & Ship Island. 1st wk Feb
56,010
47,730
1.462.165
,235,454
December
506,514
564,087 3,504,039
,421,818
Hocking Valley
Illinois Central
,835,659
4,673,431 4,516,438 32,633,4291
January
Inter Ac Great North 2d wk Feb
137,000
,449,177
104,000 5,620,555
alnteroceanio (Mex) 2d wk Feb
144,957
124,003 4,323,775
,757.532
2d wk Feb
Iowa Central
59,856
49,729 2,004,9111
,870,752
Kanawha Sc Mich.. December
1.169,257
.087,351
181,444
180,262
Kansas Otty South, January
664,954
783,456
5,173,228
.278,133
l^ake Erie Ac VVest’n —See New York Cen tral.
Lake .Shore & M Sou —See New York Cen tral.
December
Lehigh Valley
2,821,530 3,008,659 18,374,243 17,572.247
41.152
38,033
276.937
Lexington & East.. December
262,081
Inc. 54, 198
December
Inc. ‘585, 983
Long Island
Louisiana & Arkan. December
79,864
76,731
587,498
457.060
Loulsvlllc At Nashv. 2d wk Feb
914,265
825,860 29,737,300 26,490.457
Macon At Hlrmlug.. January
102.559
14,006
13,210
97.783
Manistee At No E... October
26,098
26,195
Manistiduc
3,971
4,937
49,276
56,(318
January
December
26,599
194,190
27,723
Maryana At Penn.
188,243
./Mexican Central... December
2,562,707 2,267,865 14,347,574 13,498,308
a Mexican Internat. 2d wk Feb
179,558
165,192 4,935.667 4.220,707
a Mexican Railway. 4th wk Jan
237,000
184,400 4,278.000 3,754,500
a Mexican Southern 4th wk Jan
37,344
32,016
681.864
723,185
—See New York Cen tral.
Michigan Central
2d wk Feb
12,153
13,501
469,413
472,481
2d wk Feb
56,197
56,730 2,385,984 2,394,1 19
2d wk Feb
135 335
180.619
7.658,667 7,332,112
gel wk Feb
380.729 16,499,449,
414,764
836 ,000
2d wk Feb
795.000 29,240.299
Mo Pac Sc Iron Mt.
Central branch.. 2d wk Feb
30,000
1.244,313
29,000
1,020,322
2d wk Feb
Total
865,000
825,000 30,260,621 27.971,881
fy Mobile Jack At K t
743.921
December
139,700
466.475
92,984
—See Sout hern Rail way.
Mobile A: Ohio
December
975,025, 895,981 5,688,908 5,262,955
291 416
2d wk Feb
259,559 0,242,598 8.360,588
2d
17.355!
wk
Feb
624,730
Hidalgo & \ E.
12,15 8
167,604
142",76 2
Nev-Cal-l)regon
January
13,708
December
7,232'
3.677
39,445
Nevada Central
25.233
Canadian Pacllic.
'
I
.
_
Januarv
See New
December
December
.
December
December
January
week
week
3(1 week
4th week
1st week
2d week
3d week
4th week
1 st week
2d
week
1st
2d
a
years.
Dec
Dee
1 )ee
Dee
Jan
Jail
Jan
Jau
Feb
Feb
(41 roads)
(4 3 roads*....
(41 roads)
(39 roads)
(40 roads)
(41 roads)
(42 roads)
(46 roads)
(43 roads)
(30 roads)
S
9.912.277
10,164.107
9,943,086
14,365,803
8,889,449
9,256,542
9.357.537
14,215,644
8,688,996
8,709.771
S
8,989,542
9.531,705
0,331.461
15.162,829
7,819,570
8,522,557
8,982,678
13.830,670
8.564,371
8,265,169
Dec.
13025617
11970117
Iric. 35 '>,100
York Cen tral.
,505,638 7.683 ,938
,698,338 4,631 ,658
.844,447 16,653 .588
1,401,803 1,301,203
660,853
692,367
2,500.422 2.444,376
York Cen tral.
8,137
3,514,647
3,968,230
7,482,877
160,835
80,712
12,868
5,159,385
4,372,897
198,660
9,730,942
45,224
,042.116
.992,247
.084,363
710,958
4,916
3,414,188
3,424.453
6.838.641
137.32?!
1,169
1,902
1,712
.,614
i,574
1,345
1,922
1,776
363.470
387.551
71,688
9,921
4,542,260
3,787,531
172,417
8.502,208
,957,272
,39 J .26 1
.208.619
,406
.141
.557,152
,323
875,861
818,437
York Cen tral.
154,286
152,505
Island Sy stem.
'
>
•)
Mch
Jan
Jan
Jan
Manistlque
Mexican Railway
Jan
Jan
Mexican Southern..
Jan
New York Central..
Lake Shore Ac Michigan South Jan
Jan
Lake Erie Ac Western
l Chicago Indiana Ac Southern Jan
Jan
Michigan Central.
Jan
Clev Cin Chic & St Louis
Peoria Ac Eastern.
Jan
Cincinnati Northern
Jan
Jan
Pittsburgh & Lake Erie
Rutland
Jan
N Y Chicago Ac St Louis
Jau
Northern Central.
Jan
Jan
d Penn—East of Pitts A: Erie
d West of Pitts Ac 1 Irie
Jan
Phila Baltimore? Sc Washington. Jan
Jan
Philadelphia Ac Erie.
Pitts Cin Chic Ac St Louis..
Jan
Dec
Rio Grande Junction
Jan
Texas Ac Pacllic
Jan
West Jersey Ac Seashore
Atlanta Ac Charlotte Air Line
Bellefonte Central..
Manistee Ac Northeastern
*
.
.
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
l
1
1
1
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
Nov
Jan
Oct
Jan
Jau
Jan
Jail
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
3.971
4.937
31
687.700
109,665
7,412.404
592,500
102,536
7,185,768
3.408,167
456,165
194,749
2,079,742
1,864,052
262,627
70,863
1 115,084
197,856
867,475
31
31
31
31
31
31
31
31
31
31
Dec
31
Jan
Nov
Feb
Dec
31
30
Dee
$2,933,299
5,683
361 .824
5,133
365,747
Dee
Dee
Dee
to
Year.
31
31
31
31
31
31
31
31
31
to
to
to
to
to
to
to
30
Previous
14
31
3.464,616,
”
413,503
245.428
2,278,826
1,828,801
241,766
74,190
l ,092,148
194,895
816,297
1,740,548 10.645.848
148239890 133021990
Inc. 8.4 70 800
6.018,949 14,753 049
8,364,260 8,276,751
2,506,422 2,444,376
734,195
2,236,023
5,229,458
619,381
1 ,760,743
4,075,558
Monthly.
Monthly Summaries.
%
Current
Year.
Period.
Various Fiscal Years.
AGGREGATES OF GROSS EARNINGS—Weekly and
or
.292,447 4 023 779
1 ,415,883
.497,256
,085,678 13,886,876
,270,654 5,649 ,754
,912,894 37,522.320
,636,774 3,502,285
,413,041 71,947,141
Inc. 4,0 7 1,500
267,910
234,385
2,443,109 2,274,241
1 ,001 ,940
953,540
4,139,559 4,556,114
505,074
593,299
..
..
Inc.
York Cen tral.
593 ,?82
590,874
14.636.452
14,150,7811
1 ,916,446
538,44;!
7,900.128
1,617,653
5,633,294
_.
_
Year Prcv's Year.
_.
December
December
December
—See New
December
Philadelphia Ac Erie December
Pitts Cin ChlcAcSt L January
Pitts & Lake Eric —See New
Raleigh Ac Southport December
Reading Railway.. December
Coal Ac Iron Co._ December
Total both cos
December
Rich Fred & Pot
November.
Rio Grande June
November.
Rio Grande South.. 2d wk Feb
Rock Island System December
e St L Ac Sari Fran December
f Evans Ac Ter H. December
Total of all lines. December
Rutland
—See New
St Jos & Grand Isl. December
St Louis Ac San Fran —See Rock
St Louis Southwest. 2d wk Feb
Seaboard Air Line.. December
Sierra Railway
January
Southern Indiana.. January
(.■Southern Pacllic Co December
Southern Railway.. 2d wk Feb
Mobile Ac Ohio.
1st wk Feb
Cin N O Ac Tex P. 1st wk Feb
Ala Great South. 1st wk Feb
Ga South Ac Fla.. January
Texas Central
1st wk Feb
Texas Ac Pacllic.... 2d wk Feb
Tidewater & West. December
Toledo Ac Ohio Cent December
Toledo Peo Ac West. 2d wk Feb
Toledo St L & West 2d wk Feb
Tomblgbee Valley.- December
Tor Ham Ae Buffalo January
Union Pacific Syst. December
70,863
1,092,14811,115,684
197,856
194,895
816,297
867,475
54,091.80 I
23,842,034
3,204.087
1 .272,92)
_.
-
Cur'nt
.
—
74,190
$
,623, 036
,401 898
,100 934
,431, 895
,935, 270
.061, 195
,839, 489
626, 156
,526, 486
,726, 234
,832, 506
..
.
Monthly Summaries.
_.
S
7,185,768
3,408,167
456,165
194,749
2,079,742
1,864,052
262,627
..
..
_.
..
$
$
7,412,49-1
3,464,616
413,503
245,428
2,278,826
1 ,828,801
241,766
_.
..
.
..
..
Previous
You.
212,406
,641,199
156,199
,623 ,352
.237 ,254
1,417,943 1,239.168
,739,558
211 ,530
27.040
29,237
265,230
1 13,146
842 ,977
131,634
967,233'
10760428 8.929,173
570.910153 ,603 178
1,066,197 1,057,965
,960,545133 ,233 ,123
.503 807
168,122
164,559
176,419
156,706
159,891
,901 759
081,598
71,606
64,989
,447,428
,244 ,102
.108 SOI
178,014
109,875
,271,481
615 542
12,481
17,927
740,404
331,451
256,140 10 ,481,598
,245 147
41 838
6,580
6,075
42,836
.227 174
374,333
355,754
517,515
848 340
25,274
26,612
804,911
74.402
.632 050
69,878
617,948
•>
499
5,322
3,938
29,920
434 156
55,284
65,303
452,938
6,419,034 5.575,198 39 026,249 35 .817, 083
564 280
85.550
95,274
Virginia & So West. January
590.758
Wabash
2d wk Feb
466,209
.671 738
484,562
200,593
Western Maryland. 2d wk Feb
88,677
91,237
299,064
,859 991
305 ,374
843 306
West Jersey Ac Sea e December
291.774
058,906
Wheel Ac Lake Erie. 2d wk Feb
101,460
102,266
772,544
,534 450
94 300
12,962
13,789
87,172
W’msport Ac N Br__ December
Wisconsin Central.. December
595,321
558,180 3, 807,303
,652 522
109 081
18,307
Wrlghtsv Ac Tcnnllle December
17,556
117,667
.792 019
Yazoo Ac Miss Valley January
981,377
901,618 •>. 613.504
..
.
..
Year.
..
..
_
..
_.
..
;
.
_.
January
Michigan Central. January
Cleve C C & St L. January
Peoria & Eastern January
Cincinnati North. January
Pitts Ac Lake Eric January
Rutland
January
_.
December
January
January
January
Cum nt
Inc. nr Dec.
S
+922,935 10.27
+ 632,402
6.63
6.5 5
+ 611,625
9.14
+ 1.202,974
13.68
1.069,879
+
(
+ 733,985
+ 554 .659
+ 384,974
+ 124,625
+ 444.602
8.61
3.95
1
2.78
1 .46
5.38
|
|
i
1
Mexican currency.
l> Includes earnings of Gulf & Chicago Division,
</ Covers lines directly operated,
e Includes the Chicago At Eastern
Month
Month
Month
Mouth
Month
Month
Month
Month
Month
Month
1006
1000
June 1006
1006
July
Aug 1006
Sept 1906
1006
Oct
Nov 1006
Dec
1006
Jan
1007
April
May
(111
(124
(113
(117
(118
(122
(119
(123
(127
( 68
roads)
roads).
roads).
roads).
roads)
roads)
roads).
roads).
roads)
roads)
,670,7621 6.78
,625,870 0.83
,777,008 12.11
,322,806 13.73
,356,023 12.11
7.58
,997,051
.327 .062 10.77
6.24
,071 ,280
,488.826 7.00
,544 .739 2.23
c Includes the Houston & Texas Central and its subsidiary lines in both
Illinois in both years.
h Includes
J Includes Evansville fc Indiana HR.
earning'; of Col. & South., Ft. Worth A: Denver City and all affiliated Hues, excepting Trinity & Brazos Valley HR.
k Includes in both years earning*
of Denver Enid & Gulf RR., Pecos System and Santa Fe Prescott cc Phoenix Ry.
I Figures prior to April 10 1005 are those of the Indiana Illinois Sc Iowa
and Indiana Harbor of Indiana,
n These figures are an approximation only.
11
^‘:r-
>
442
THE CHRONICLE
Latest Gross Earnings by Weeks.—In the table which
follows we sum up separately the earnings for the second
week of February.
The table covers 30 roads and shows
5.38% increase in the aggregate
over
the
same
[ v’ OL. LXXXIV,
Year.
5
Roads.
week last year.
Year.
$
Year.
S
Chattanooga South’ll _a_ Dec
12,254
10,136
July 1 to Dec 31
78,807
65,762
Chesa 6c Olilo.b
Dec 2,051,651
2,047,828
July 1 to Dec 31
12,583,397 11,864,154
Chesterfield & Lancas.b.Dec
2.7S7
3,935
July 1 to Dec 31
22,513
18,121
Chicago & Alton, a
Dec 1 ,125,009
1,056,743
July l to Dec 31
6,682,51 S
6,230,203
Chicago Great West’n.b Dec
794,745
781,180
July 1 to Dee 31
5,072,123
4,627,328
Chic Ind 6c Louisville.a.Dec
466.852
476,082
July 1 to Dec 31
^
3,132,899
Chicago Term Trans. b__ Dec
142,994
146,373
July 1 to Dec 31
875,888
870,751
.
Second week
of February.
1007.
$
Buffalo Rochester 6c Pittsburgh!
Canadian Northern.
i
134,933,
Canadian Paoilie
Central of Georgia
974 ,000
261 ,600
.
.
82.000
..
Chicago Great Western
Chicago Indianap & Louisville
Chicago Terminal Transfer
159,548
!
101,069
30,795
258,223
369,100
22,355
47,0 16
.
Colorado & Southern
Denver & Rio Grande
Detroit & Mackinac
(
Duluth South Shore 6c Atlantic
Grand Trunk of Canada
;j
Grand Trunk Western
Detroit Gr Haven & Mitw
;
Canada Atlantic
i
international 6c Great Northern
Interoceanlc of Mexico
Iowa Centra!
Louisville 6c Nashville
i
Mexican International
Mineral Range
,
.
1906.
Increase.
$
153,461
79,500
Decrease.
$
$
18,528
2.500
34 ,000
235,100
1 55,458
95,940
26.500
4 ,090
5,129
33,301
2,506
223,6631
34,560
351,600: '
21 ,056
56,759
17.500
1 299
663,298,
628,018
35,280
137,000
144,957
59,856
104 .000
33.000
914.265!
124,003
49,729
825,860
20,954
10,127
88,405
1 79,558
165.192,
14,366
9,743
.
Colorado
i
.
_
..
.
.
Minneapolis 6c St Louis
.
_
Minn St Paul & S S M
Missouri Kansas 6c Texas
Missouri Pacific 6c Iron Mtn
Central
Branch
National RR of Mexico
Rio Grande Southern
St Louis Southwestern
.
Southern Railway
Texas 6c Pacific
.
135,335
414,764
.
_,
..
.1
836,000j
29,000
291 .416
.
.
12,868
212,606
.
.
,066,197
331.451
i
.
Toledo Peoria 6c Western
Toledo St Louis & Western
Wabash
Western Maryland
Wheeling 6c Lake Erie
.
12,153!
56.197
...
25.274 i
69,878
_
_
484,562
i
_
91 ,237
101 ,460
Total (36 roads)
Net increase (5.38%).
■'M
m 1
,709,771
Copper Range.a.
cj C
56,730
180.619!
380,729
795.0001
30,000
259 .559
9,921 '
156,1991
533
.9651
45,284
34,035
41 ,000
...
1 ,000
Oct
31 ,857
56,2071
1 ,338
week of
6c Hudson b
1 to Dec 31
18,353
Oct
July
Jan
•
2.560
806
:
1 to Dec 31
1 to Dec 31
119,610
February our final statement covers
increase in the aggregate over
Previously reported (37
roads).!
Alabama Great Southern..
Cincinnati New Orl & Tex
Detroit Toledo 6c Ironton.
Gulf 6c Ship Island..
Texas Central
Wheeling & Lake Erie
I
Pac..|
..
.
.
.
.
.
K2
Total (43 roads)
Net increase (1.46%)
.
1906.
$
j
i Increase.
8,219,190
71 ,606
•156,706
73,258
8,107,549!
56.0 10
17,927
47,7301
12.481
_!
94,299
|
8.688.996
64 ,989
463,187
6,6171
90,617;
8,564 .37
lj
351,546
"
3,185
7.856
362,587
a •* -
20th of the
returns,
returns.
we
Roads.
Ala Tenu & Northern.
July 1 to Dec 31
.Dec
4 .328
3.711
22,332
20,603
.
4., 69 7
1 35.028
3,045.415
1 ,505.888
1
State, b —
3,034.955
5,911 .478
1 1 ,285,232
1 .772,256
3,596.984
5.958.425
2,941 .137
,
!l 1 .674,806
.
387.950
770.600
366,065
725,970
120,935
269.745
1 ,434,451
1 .386,270
503,025
.
..
.
.
"IV'' ■Mi"'
1,553,849
5.832,607
666,858
4,134,960
18,103
33,424
113,353
140,703
7,879
9,939
57,918
51,608-
74,325
574,603
93.324
573,270
1 ,144,487
7,858,688
961,500
8,005,168
944
80,7 35
210,413
370,678
75,233
194,085
326,473
,437,760
62,145
377,269
73.866
494.799
35,463
83,066
1 60,945
1,227
9 247
19,202
35,895
31,455
40,883
2,643,482
13,341,993
823,412
770.367
4,430,461
4,145,770
473,997
2,398,696
108,523
436,039
106,090
400,515
137,235
671 .576
31,145
229,697
1 96,606
191 ,740
959,186
190,767
929,501
145,021
23 .369
45.201
80,252
20,253
37.968
73 263
27,527
7.903
13.811
26,658
207,010
.182,423
178,201
994,587
54 ,522
267.499
59,499
325,017
506,514
3,504.039
564,087
3,421,818
1 16,499
1 .198,036
201.481
1.323,796
Dec 4,976,390
: 27,959.998
4.054,504
25,319,221
1 .644,400
8,030,; S7
1,633,694
7.626.166
540,140
2,961.837
180,441
813,779
187,067
802.320
3,294,285
2.212,812
6,097,761
4.007.830
1 .90 1 .908
3,390.539
12,402,338
7,989,295
6,9 40,. 107
2,202.485
3,580,148
7,492,083
1 .887,317
2.988,937
5.815,924
1 ,237.254
1 .80 1 .957
1 ,14
1 ,59
4,133.362
3.027.152
254,190
1.533,29 1
.
Dec 31
26,118
1 to Dec 31
1 to Dec 31
71 .002
.
609,416
4,242,330
3,368
1
to
121
277,560
579.843
386
234 ,084
1
147,950
.
.
Atlantic..
.
..Nov
July 1 to Nov 30
Greenwich & Johnsonville. bOet
1 to Dec 31
July 1 to Dec 31
Jati
1 to Dec 31...
.
_
.
Gulf 6c
Ship Island,
1
..
Dec
Interoceanlc of Mexico
July 1 to Dec 31
Intcrboro
_
Dec
a
July 1 to Dec 31
Hocking Valley.a
July 1 to Dec 31
Illinois
Central a'.
July 1 to Dec 31
.Dec
.
.
610,395
3,444,235
30,659
13.140
31 ,146
261 .818
8.275
15,205
Rapid Transit—
Manhattan Elevated b—
Oct 1 to Dec 31
July 1 to Dec 31
Jan 1 to Dec 31
6,727.104
Subway Division b —
Oct
*
1
to
1
to
Jan
Dec 31
Dec 31
Dec 31
to
July 1
..
_
....
Iowa
Central.a
July 1 to Dee 31
Kanawha 6c Michigan
July 1 to Dee 31
Kansas City Southern
July 1 to Jail 31
Oet
Julv
Jan
Lehigh
.
Dee
.
Lehigh
j.
.
.....
Total both divisions—
Oct
1 to Dec 31
July 1 to Dee 31
Jan
1 to Dee 31
.a.
to
to
Jan
.
.
i)ee 31
Ilee 31.
Valley.b
5,181 ;002
9 .0X0.099
3.150 .006
5 ,809 .788
18,218,263
12.122,658
3.044.2 17
4 .981 .897
9 .973 ,259
268,023
1 .616.662
273,009
1 ,524,179
ft 1 00.3 1 6
ft 5 2 1 .003
ft398,005
180.262
181.114
,139,257
1 .087,351
29.3 14
280.521
4 1 .572
297.679
Dee
Hudson River! b
) to Dee 31
1
1
•5 ,815,232
10,307.252
1
a
66 1.954
4.278 133
1 .955.216
1 .003.585
192 ,205
371 .66 1
148,998
290,333
5 40.688
61,665
149.370
287.752
1 15.920
224,4 58
3.008 659
17,572.2 17
0975 ,828
•>1 ,137.347
07,017.880
•^7,227.675
•
-
.
Long Island
July 1
Oet
July
Jan
b
to
Dec
Dec 31
Dee 31
1 to Dec 31
1 to Dec 31.
1
t*>
16,011
32,088
Inc
.
.
Louisiana & Arkansas.a.Dec
July 1 to Dec 31
1
Manistee & Northeast.b Oct
Jan 1 to Oct 31...
Manlstiquo b
&
Penua.a
July 1 to Dec 31
''
319.078
59.561
20.5 28
.593
1 13,458
15.526
7 .530
14.218
,856,056
154,430
'
14 .7 4 0
28,419
54.198
2,230.563
5.421 .981
1 03
6.670
11 933
Inc
7.513
Inc. 31 5,692
372.!10
176,953
9,595,595
J. 173.250
7,82 1.985
1 ,539.337
2.11 4.433
79,864
587,498
70,731
457.060
15 809
17 1 .676
3.593,321
1,082,678
1,194 .985
1 .1 16,856
6.635.890
6,234.387
Louisville 6c Nashville .b.Dec 4.090,990
July 1 to Dec 31
23,930,446
Marvland
41.152
262.081
I nr 58 5,983
_
ftS2,824
783.456
708.50 1
.
•
5.173.228
...Dec 2.821.530
Little Falls 6c Dolgevllle. b—
Oet 1 to Dee 31
July 1 to Dee 3 1
2,340
1,359
: 20.916,145
]18.374.243
July 1 to Dec 31
Lexington & Eastern b_ Dee
38.038
July 1 to Dec 31
276,937
...
.
.366,684
def.l,7.37
Oct
Canada
.
..
1
'
6,563.230
_
....
1 ,937
1 1 ,363
Atch Topeka & S Fe.b .Dec 7.903.547
7.001,221 r/2,711,320 (12.706.846
July 1 to Dee 31
43,376,509 39,86S,439rfl7,781,008dl5,428,519
Atlanta Birm & Atl.a_.Dec
124,261
81,359
30,259
9.461
July t to Dec 31
760,466
531,819
216,046
141,730
Atl & Chari Air Line.a..Nov
362,983
321,613
121,629
69,184
Mch 1 to Nov 30
3,110,066
2,933,299
734.751
893,801
Atlantic Coast Line.a.__ Dec 2,427,769
2,227,265
772,757
844,878
July 1 to Dec 31
12,605,802 11,524,970
3.150,727
3,859.870
Baltimore 6c Olilo.b
Ian 6.365.559
6,573.466
2,000,434
2,447,907
July 1 to Jan 31
.48,136.756 45,183.874 16.943.526 16.035.6 16
Bangor & Aroost’k. b__Dec
239,645
184,599
62,810
55.347
July 1 to Dec 31
1,533,771
1,153,807
537,870
"447,036
Bellefonte
Central.b
Ian
5,133
5,683
1.021
977
Boston & Maine.b—
Oct
1 to Dec 31
10,203,025
9,930,295
2,262,531
2.642,811
July 1 to Dec 31
21,422,180 20.379,883
5,615,965
5,926.732
Jan
1 to Dec 31..
40.256.500 37,649,392
9,550.067
9,855,743
Boston Revere Beach 6c Lyun.b-1 to Dee 31
Oct
151,330
139.164
14.494
12.576
July 1 to Dee 31
449,772
64 .485
389,092
61 ,947
Jan
1 to Dec 31
790,203
667,1 15
82.66 1
68.840
Bridgeton&Saco Riv.b.Dcc
3,026
169
2,523
215
to
Dec
July 1
31
25,859
26.445
9.417
9,475
Buffalo Roeh A* Pitts, b. Dec
634.516
673.205
208,504
299,653
July 1 to Dec 31
4,253.096
4,615,209
1,668.559
2,16 1 .970
Buff & Susquehanna.a .Dec
145,251
125,518
47.374
44,542
July 1 to Dec 31
896.299
780.389
323,814
291.144
California North west, a .Dec
128,863
4 3.157
119,241
35,178
July 1 to Dec 31
957.095
975,771
439.656
442.051
Canadian Northern
Dec
536,200
437,800
128.400
142.200
July 1 to Dec 31
3.916.100
1 ,317.600
2,693,200
989,900
Canadian Pacific, a.
Dec 5,992.098
5.619.182
2,265,594
2,346,583
July 1 to Dec 31
37,464,473 31.3S1.976 14,585,866 12.187,399
Catskill Mtn Rv.b—
Oct 1 to Dec 31
9,987
9,345
dcfOi 17
defl ,356
Central of Georgia a
Dec 1,104.875
1,028.244
289.225
334 ,299
July 1 to Dec 31.
6,127,245
1 ,473,999
5,880,089
1.850,644
Central New England.b —
Oct
1 to Dec 31
558,854
516.744
120,490
153,243
July 1 to Dec 31
1,015,934
789,428
180.402
194,128
Jan
1 to Dec 31
1,896,789
148 018
1,204,771
157 663
Central of N J.b
.Dec 2,229,742
2,118,194
1.121 ,354
1 .043.519
July 1 to Dec 31
13,420,719 12,834.28:
6,575,346
6.471,873
1
123,156
...
-Net EnrnlngsCurrent
Previous
Year.
Year.
$
S
2,182
12,482
5.141
29,121
16,864
55,002
38,267
229,305
.
earnings—say, about the
month.
Besides the row panics furnishing/ monthly
have added this time the roads which make quarterly
Gross Earn'os
Previous
Year.
Year.
5
$
defOOl
25,999
33,015
242,963
Grand Trunk Rv
.Nov 2,919,900
July 1 to Nov 30
14,600,472
Grand Trunk West
Nov
510,982
July 1 to Nov 3u
2,616,717
Det Gr llav & Mihy..Nov
137,235
July 1 to Nov 30
779,125
on net
Current
3 19,893
1,932,49 4
9.442
July
Jan
returns are published from week to week, as soon as issued,
but for the convenience of our readers all the roads
making
returns arc brought together here in the week in which we
monthly article
359 ,004
2,058,309
Grand Trunk of Canada—
railroads furnishing monthly statements.
The compilation
includes every road from which we can get a return of this
character, and in that form is given once a month. Early
our
62,087
47,880
22,427
3.200,551
....
1 to 1 lee 31
1 to Dec 31
1 to Dec 31
.
Net Earnings Monthly to Latest Dates.—The
following
shows the gross and net earnings to latest dates of all STEAM
publish
.
-
.Dec
Georgia RR.a...
July 1 to Dec 31
Genesee 6c Wyoming. b—•
5,446|
3,682!
1 •> 1
304,497
105.604
1.040.504
50,201
.
8,28(0
487,212;
43,023
362,927
186,786
1,572,055
94,594
.
S
159,891:
81.114'
50,854
342,600
340,050
1.964,411
216,424
1,494,111
159,414
1,181,195
51,950
327,058
7,977
.
Decrease.
$
369,066
2.448,340
17,366
..
-
1907.
938
7,305
18,870
165,287
........
1
824
8,979
144,070
51,225
342,573
Denver 6c Rio Grande, b.Dec 1,791,009 ‘1,634,352
July 1 to Dec 31
10,872,897 10,169,860
Detroit 6c Mackinac .a
Dec
95,870
99,828
July 1 to Dee 31
621,560
544.918
Dul it L 6c Winn b
.Dec
24.070
26,768
168,412
July 1 to Dec 31
108,944
Duluth So S!) <Sc Atl. b
Dec
254,418
253,792
1 ,696,522
July 1 to Dec 31
1,593,24 6
Erie, a
Dec 4,194,520
4,238.469
July 1 to Dec 31
27,025,201 25,859,988
Fairchild 6c Northe’n. b. Dec
1 ,429
2,469
July 1 to Dec 31
8,890
12,992
Fonda Johns 6c Gloversv.b—
Oct
1 to Dec 31
177,119
166,1 14
4 18,91 1
July 1 to Dec 31
388,935
1 to Dec 31
Jan
758,684
697.741
43 roads and shows
1.40%
the same week last year.
First week of February.
def.98
808,488
4,725,374
735,082
4,729,553
Syracuse Bing & N Y.b —
4,524*
•
For the first
Alee
.
1
def. 1 ,287
15,791
109,663
...
,
1
Dec 31
Lebanon b
to Dec 31
A
60,725
Dec
1 to
27.135
406,095
1
i
1,050,578
6,015.285
27,038
153,676
.Dec
.
.a
July
Jan
8,232
564.212
444 ,602
191,030
1.108,975
Del Lack 6c Western—Leased lines in N
Oct
1 to Dec 31..
3.271,935
2,947
74,402;
8,265,169'
.
2
Cornwall
July
Cornwall
July
Delaware
75,311
466,209
88.677
102,266
208,072
•_
1,348
256,140
26.612
Dec
Colum Newb 6c Lan .a.-Dec
July 1 to Dec 31
13,501 i
1,057
Midland.a
July 1 to Dec 31
1.308,480
Colorado 6c South syst.a.Dec 1,193,290
July 1 to Dee 31
6,776,262
-
._
..
def.l ,596
dcf.2,517
^
1 ,008,000
Year.
$
2
1
998,453
,460.3 19
26.858
174,353
26,098
26,195
6,013
4.629
365,747
361,824
1 15.828
137,541
4.937
def.l 15
27,723
194,190
7,242
Ian
3,971
.Dec
26,599
188,243
•
■
68,146
609
-
9,277
71
,954
Current
Previous
Year.
Year.
$
$
Pearls.
Dec 2.562,707 2,267,865 ,
14.347.574 13,498,308
International.-Dec 687,806 3,276,675
621,826
3,916,543
1 to Dec 31
871,397
583,295
3,957,332
3,961,136
223,306
309.220
Mexican
July
1,281,388
1,460,083
11.463
13.055
Dec
Mineral Range b
July 1 to Dec 31
60,645
59,698
385,081
319,101
307,274
2,020,064
914,690
393,806
•
Louis.a..Dec
109,119
84,529
fc 113,397
*124.236
*876,107
*749,305
Dec 31
1,979,072
350,330
Minn St Paul & S S M. b.Dec
920,498
July 1 to Dec 31
6,800.535 6,132,667 3,374,903
884.295
Mo Kan A Texas.a
Dec 2,319,014 1,875,685 5,072,237
July 1 to Dec 31.. ...13,336,595 11,336.411
1,428,078
Mo Pacific System_ b_. _Dec 4,123,067
3,855,530 8,322,512
July 1 to Dec 31.. .. .24,708,621 22,687,881
System below.
Mobile A Ohio—See under Southern Ry
212.952
895,981
Nashv Chatt & St L.b__Dec
975,025 5,262,955
1,205,508
5.688,908
July 1 to Dec 31
500,438
1,296,998
National RR of Mexico. Dec 1,316,701
2,699,836
6,645.375
,396,659
July 1 to Dec 31
Hidalgo & Nor’cast’n.Dec
July 1 to Dec 31.
87,531
507,529
Nevada Cal A Oregon.a.Dec
July 1 to Dec 31
153,896
Dec
7,232
39,445
Nevada Central, b
July 1 to Dec 31
New Jersey & New
1 to Dec
Oct
July
1 to Dec
York.b—
31
31
New London Northern
Oct 1 to Dec 31
_b—
109,155
252 969
232,710
278.890
562,709
1.109,884
1,074,417
2,585.456
2.575.950
4.765.819
9,108.729
5.016.208
Staten
9.902,207
3.491,089
.426.916
7,826,834
1
New York & Penna.b
1 to Dec 31
Oct
July 1 to Dec 31
1 to Dec 31
Jan
—
,516
,012
111 ,427
30
59
._
.
.
York A Rock; iway Beach. b —
84 .425
1 to Dec 31
418 ,285
1 to Dec 31
582
.554
1 to Dec 31
Jan
•
Oct
J uly
.
.
—
.
'
237,0 27
1,249,341
538 .639
2,483,038
7,408
94,736
4,973
62,718
2,953
11,780
,8 21
13,7 52
■$>
1
,638
267 ,910
Susque A West. a..-Dec
1,497,256
July 1 to Dec 31
Norf
A
Western, b
Dec 2,443,109
15,085.678
July 1 to Dec 31
Northern Central, b
Dec 1,001,940
11,746,548
Jan 1 to Dec 31
31
July
1 to Dec 31
1 to Dec 31
Jan
5,009,799
9,973
17,986
31,334
10,454
17,314
31,636
49,991
def.14,197
def.29.081
13,886,876
953,540
10.645,848
operated—•
Pennsylvania Lines directly
Erie._Decl3,025,617 11.970,117
East of Pitts A
Jail 1 to Dec
31
West of
Jan 1 to Dec
31
148,239.890 133,921.999
Inc.
356,100
P'tts & Erie.-Dec
1
to
Dec 31
Jan
1
to
Jan 31
b
_
855,376
5,617,370
5,584,326
186,998
233.898
2,768,437
2,175,537
July
1 to Dec 31
.
..
.Dec
Reading Company-
3,952,079
3,571,779
262,361
68.300
8,137
45,224
1,9 1 6
30,169
81,036
2.281
12,082
Dec
.
137,822
645,574
160,835
715.958
July 1 to Dec 3,1
Evansv A Terre
II
1,658,810
1,564,236
9,082,418 10,100,339
.a
113.761
25,7 56
128,074
1 ,740,669
4,542,260
29,957,272 27.010,776 10.041,879
1 ,564,418
3.787,531
.Dec 4.372,897
8,561 ,365
24,301,261 21.01 1 ,406
95,358
172.4 17
198.660
.Dec
572,106
1,141,141
1,208,619
,484.974
8,566.073
8,502,208
Total of all lines. a . _ . .Dec 9,730,942 49,763,323
55,557,152
July 1 to Dec 31..
8,756
2,227,174
102,349
868.785
638,758
112,319
801.601
28.409
179.1 12
22,995
186.209
363,193
2.179,295
pi 17,186
/*589,426
P86.357
p526,320
3.938
8,055
1 .581
3,491
1,901
3,335
226,84 7
546,744
898,318
41 .760
162,718
251 ,127
56,130
173,092
1 to
Dec 31...
394,879
2,689,559
.
720,284
1,531,340
2,799,207
■
.
.
_
.
..
154.286
Grand Island i_ Dec
875,861
1 to 1 )ec 31..
Dec
979.856
Louis Southw.b
5,341,984
July 1 to Dec 31..
St Jo A
J illy
St
.Dec
South Bullal6 Ry Co. b
Oct
1 to Dec 31
July 1 to Dec 31.
.
Southern
Dec
Indiana.b._
July 1 to Dec 31..
.
1
1 .359.9
29
7.399.889
77,260
537.644
2,922,163
3,400,445
19,175,350 16 ,503,606
July
Railway
1
,419,796
2.502,087
152,505
818,437
247.144
486,913
846.485
69,033
358,058
59,1 20
...
.
292,078
1 ,354 .059
375,539
1.417,945
7,739,558
1,259,168
7,237,254
141,087
272.824
105,233
195,635
1.157
42,305
141,168
835,599
123,315
7,29,831
63,087
359,114
292 ,203
3.886,885
3,135,538
19,112,402
828,682
4,594,749
—
Dec
295,575
335,031
1,885,699
331,521
1 ,345,882
4,602.590
4,886,017
28,316.304 26,604.443
776.311
.Dec
913,129
5,102.538 4,514,263
676.190
i.Dcc
699,981
4,032,506
4,319.431
319,541
.Dec
355,191
1,851,092
2,019,120
i.
174,815
422,168
821.1 14
1
8,929,173
Deel0,750,428
61,570,910 53,603,178 23,996,446
ill
Southern
682,496
1,228,963
7,104,563
312,771
1,629,050
154,142
831,386
70,913
389,876
2,149,635
8,572
12,582
4
260,063
2,623,147
18,809,196 17,195,845
410,009
3,941,920
4.436,069
def'6.789
(lef93,889
1.272.910
7/125,827
7/875,156
4,142,751
7,674,109
488,059
3,118,784
Dec
33.691
218,204
45.016
156,858
535,414
362,830
.
.
.
87.916
2,312,766
Penna.b —
2,055,996
_
401
2.841.118
5,229,458
Dec 31
to
12,962
87,172
595,321
3,807,303
1
,887,433
3.691 ,434
6,647,829
461 ,795
2,900,292
13,789
94,300
558,180
3,652,522
si 7,556
Si 09,081
930,523
3,890,401
1
1
1,287,216
7/128,610
7/716,798
492,339
,032,942
,520,904
124,907
1,144,357
424.239
880.240
1.065.247
143,189
829,980
2.532
1.924
27,159
31,736
208,010
187,077
1,448,433
1,384,346
7,588
43.673
292,917
273,780
def 853
n
o
,s
—fnt.. Rentals. Ac.—
Current
Previous
Year.
Year.
$
$
3,442
1,421.303
8,016.681
286.385
1,489,610
153,210.
951.833
68,360
383,562
Previous
Current
.
Roads.
Atlanta Birm
A Atl
July 1 to Dec 31
Dec
Bangor A Aroost’k
July 1 to Dec. 31
Dec
Boston A
Oct
63,616
390,504
.
.Jan
Central
Maine—
Bellefontc
31
1 to Dec
1 to I)cc 31
1 to Dec 31
Bost Revere Bch A LynnOct
1 to Dec 31
Juiv
1 to Dec 31
Jan
1 to Dec 31.
California North west’ll.. Dec
July 1 to Dec 31 .
Catskill Mtn Ry—
Central New England—
Oct
1 to Dec 31..
Jan
1 to Dec 31._
1 to Dec 31..
Central of X J
July 1 to
Copper Range
July 1 to Dec 31
Cornwall A Lebanon .
July 1 to Dec 31
..
.
Dec
Delaware A Hudson—
Oct 1 to Dec 31..
Del Lack A West—Leased
Oct
1 to Dec 31
July 1 to Dec 31
Jan 1 to Dec 31
_
..
July
Jan
1 to Dec 31
1 to Dec 31
£ 1 ,448
£42,127
£26.932
def 7 4
def328
3,258
28,070
167,952
6,159
16,303
271 ,885
7,108
274,099
6,156
def4,253
dcf7,f>12
£75,244
£91 ,074
;ef28,141
.Till ,631
59.066
53,719
1 15,382
103.889
228,190
199.175
1
,027,063
8,43-7
50,624
8,437
50,624
X37.888
5 31 .236
,059,710
9,525
519,500
10,433
1 1 4,663
6,217
£126,737
£55,829
529,448
2,863,703
44,810
467,048
8.427
104,378
3.462
4,164
23,148
24 ,987
1 1 ,235
100,008
18,263
110,041
666.125
743,030
839,763
623,654
026
953,521
1,722,829
3,378,339
618,230
1,233,454
2,463,918
.
£3,344
£43,994
3,258
26,854
lines in N Y State.
Syracuse Bing A N Y—
Oft
1 to Dec 31
. .
£751 ,002
543
1,052,555
Dec
718
543
6514,071
6590,1 1 a
63,515,036 63,608,170
171,614
177,261
Dec
.
defftOG
147,366
$
def7,581
42,393
def4,227
142,517
677
62.849
Dec
.
Dec 31 ._
Chicago Gt Western
July 1 to Dec 31..
8,530
72,029
15,067
30,680
60,415
3.644
Dec 31..
Year.
Year.
$
£458,214 £2,113,634
4,106,683 X\ .892,727 £2,253,076
8,206,673 £l,967,297
167.771
_
_
July
2,067,844
31 .337
.
to
1, 5185,772
14,942
_
Bridgeton A Saco RIv. Dec
Julv 1 to Dec 31..
1
300
8,241,401
Jan
Oct
303
4,053,370
July
.
17,042
99,337
59.574
304,519
21,729
144,017
.
Rutland RR. b —
1 to Dec 31
Oct
July 1 to Dec 31.
1 to Dec 31
Jan
355,754
886,364
1
24,085
138,594
320,627
def.179
2,724
519,271
712,908
53,993
296,543
54,825
Dec
6,075
4 1 ,838
Denver Enid A Gulf RR.,
Phoenix Ry. in both years.
$212,273, against $220,987
1906
$2,499,047,
Dec. 31 1906 taxes and rent¬
als were $1,264,704, against $1,218,532 last year.
h For Dec. 1906 additional Income shows a deficit of SI.735, against
$4,281 in 1905, and from July 1 to Dec. 31 was $22,071 in 1906, against
$23,108 in 1905.
* For Dec. 1906 additional Income was $23,680, against $29,503 In 1905,
and from July 1 to Dec. 31 was $134,092 in 1906, against $98,587 In 1905.
These figures represent 30% of gross earnings
Including other income, total income (exclusive of results of coal
compan!es)for December Is $1,043,618 In 1906, against $1,175,771 In 1005
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 $183,906 In December 1906. against $257,160 in 1905, and from
July 1 to Dee. 31 were $1,098,016 in 1906, against $794,631 last year.
p For Dec. 1906 additional income was $11,660, against $4,741; and from
July 1 to Dec. 31 was $18,684 in 1906. against $10,048 last year.
Includes $500 other income for Dec. 1906, against $606 in 1905, and
$2,963 from July 1 to Dec. 31 1906, against $2,787 last year.
// For December additional Income and net profits from coal, Ac., were
$59,116 this year, against $80,753 last year, and from July 1 to December
31
$283,703
this
against $373,421 last year.
were
year,
Interest Charges and Surplus.—The following roads, in
addition to their gross and net earnings given in the fore¬
going, also report charges for interest, &c., with the surplus
above or deficit below these charges:
—Bat. of Net E'nos.—
,772.571
9.870,361 10.813.247
45,492
52,886
213,124
194,126
.Dec 5.150,385
July 1 to Dec 31.
285,809
1,216,316
7121.506
71185,812
i.
.
1 ,373,001
8,884,023
7124,231
71220,265
734.195
Juq’ 1 to Dec 31
2,087
11,770
71 .688
619.381
80,712
.Nov
Grande Southern.
1,217,901
8,187,379
346,335
895,039
1,697,969
July 1 to Dec 31.
Richm'd Freds A: Pot. .Nov
July 1 to Nov 30
52,737
219,466
Wrightsv A Tennlllc. b .Dec
sl8,307
34,833
July 1 to Dec 31 ... .
si 17,667
373,174
Yazoo A Miss Vail .a. .Dec 1,001,671
599,436
July 1 to Dec 31..
4,632.127
a Net earnings here given are after deducting taxes,
b Net earnings here given are before deducting taxes.
<7 The company now includes earnings of the
Pecos Valley system and Santa Fe Prescott A
For December taxes and rentals amounted to
in 1906, alter deducting which, net for December
was
against $2,485,859 last year.
From July 1 to
42,938
84,941
133,733
787.943
Dec
.
July 1 to Dec 31.
64,794
309,556
191,959
W’msport A No Branch a Dec
July 1 to Dec 31
Wisconsin Central. b
Dec
July 1 to Dec 31..
192,900
499,129
.
105,047
519,832
'
5,575,198
35,817.083
Wheeling A Lake Erle.b
July 1 to Dec 31
Inc 2,298,000
268,592
3,414.188
3,514,647
21,042,116 20,822,002
3,424,453
.Dec 3,968,230
..-.-17,992,247 18,102,712
6,838,641
..Dec 7,482,877
.39,034,363 38,925.614
83,606
130.673
252,818
...
_
New York A
1 to Dec 31
July 1 to Dec 31
1 to Dec 31
Jan
935.822
406,121
.Dec
79,286
160',181
297,623
.
...
Oct
46,434,281
40.531,581
Dec
-
Oct
402,100
745.852
...
.
Western
..
ern
220,404
~
Maryland.a ...Dec
July
67,418
440,221
1
Western
380,250
377,150
1.301 ,203
1,401.803
4.151.321
4.619,321
16,018,949 14,753,949
139,454
88,991
692,367
660,853
.Doc
2,401,026
2,191,020
8,276,751
8.364,260
2,447.907
2,000,434
6.573.466
i.Jan 6,365,559
16,635,646
4 8,. 136.756 45,183,874 16,943,526
.
225,591
Pacific.a
Jan
.Dec
Jan
def3,951
1,352
def3,237
July 1 to Dec
117.807
153.41 2
444,090
Inc 8,479,800
1,804
12,902
7,986
Dec 6,419,034
31.
39,026,249
85,550
Virginia A Sout Invest _b Jan
95,274
564,280
July 1 to Jan 31
590,758
Dec 2.138,645 2.061 .847
Wabash b
July 1 to Dec 31.
14,140,732 12,688,653
29 1 ,774
305,374 4 ,675,558
West Jersey A Sea Sh b.Dec
Union
,536
5,050,309
234,385
1,415,883
2.274,241
54,257
119,820
215,759
31
Delaware, b
1 to Dec 31
173,082
,418,749
171 .504
47,234
112,440
220,523
31
31
Ulster A
Oct
120.076
2,322,510
166,794
79,604
54.1S8
261,126
Jan
24,537
731,240
1 ,291 .807
2,088.378
315,948
181,756
1 to Dec 31
470.195
1 to Dec 31
899,665
Dec
123,741
Texas Central .a
609,233
July 1 to Dec 31
Tidewater & Western.b.Dec
6,580
July 1 to Dec 31.. .
42,836
Toledo A Ohio Central.a Dec
374,333
July 1 to Dec 31
2.517.515
Tol Peoria A West.b
Ian
111,011
July 1 to Jan 31
759.449
361,523
Tol St L A Western.a. .Dee
2,138,117
July 1 to Dec 31
Tomblgbec Valley
5,322
Dec
10,171
Nov 1 to Dec 31
1
807.490
444,736
36,814
939,016
.
27,266
54,693
105,810
.
168,453
July
28.326,929 27,395.585
1 to Dec 31
1 to Dec 31
$
Staten Island Rap Tran.b—
1 to Dec 31
Oct
10,422,356 10,440,384
Jan
53.915,665 52,005,176 16,368,707 17,445,859
Y Ontario A West .a.. Dec
590,874
593,282
178,506
164,731
July 1 to Dec 31
4,292,447 4,023,779 1,485,136 1,225,150
July
Year.
$
Island Ry.b—
Oct
1 to Dec
July 1 to Dec
1 to Dec
Jan
3,451,749
579,657
17,754
72,035
39,310
1
Year.
S
Railway system— (Conch).
Georgia South A FJa.a Dec
199,532
July 1 to Dec 31
1,093,467
444,591
1 ,774
30,013
Hart.b —
14,027.310 13,546.070
New York New Hav A
Oct
1 to Dec 31
N
b—
118,889
281,557
567,868
July 1 to Dec 31
Jan 1 to Dec 31
New York Chic A St Louis.
Oct
1 to Dec 31
July 1 to Dec 31
1 to Dec 31
Jan
14,094
130,604
3,677
25,233
Year.
S
Southern
23,388
150,141
17,779
Year.
Roads.
Mexican Central ■
July 1 to Dec 31
Net Earnings
Current
Previous
Earn'gs
Previous
Gross
Current
Net Earnings
Current
Previous
Year.
Year.
5
$
-Gross Earnings-
Minneap A St
July 1 to
443
THE CHRONICLE
1907.]
Feb. 23
31 .055
75,570
167,932
1
,154
600,328
530
1,218,308 2.363
3,494 ,507
2.454.268
89 ,880
49 .808
194, 175
96,265 Su 335 ,093
188,900 j
71.484
181 .295
390,943
414
THE CHRONICLE.
—Int., Rentals, &c.—
Current
Previous
Year.
Year.
§
§
i loads.
Denver
Rio Grande..Dec
359,971
July ! to Dec 31
2,137,035
Duluth So Sh Ac Atl
Dec
74 201
July 1 to Dec 31
512,406
Fonda Johns & Gloversvllle—
t )ct
1 to Dec 31
89,462
July 1 to Dec 31
178,924
Jan
1 to Dec 31
357,142
Ac
Genesee Ac Wyoming—
Oct
1 to Dec 31
July 1 to Dec 31
Jan
1 to Dec 31.
._
.
Georgia RR
..Dec
July 1 to Dec 31..
..
Greenwich <5r Johnsonviile—
()ct
1 u, Dec 31
July 1 to Dec 31
Jan
1 to Dec 31
....
Hocking Valley
July 1 to Dec 31
Intcrboro
Dec
516,846
*69,036
*63,393
89,462
*1,042
*47,529
*34,609
*20,481
*58,300
def 5,773
5,202
7,470
2,397
17,755
19,197
178.924
346,680
7,000
14,000
28,419
13,700
27,686
n51,356
0311,210
051,515
0311,814
6,850
4
,600
9,200
18,100
*31,387
*10,799
*27.203
*72,133
*194,731
*3,812
*6,328
*3,896
*5,474
*10,231
*9,966
69,775
*241,268
*312,645
402,403 *1,059,420 *1,121 ,277
Rapid Transit —
891,022 *1.500,699 *1,125,603
2,568,694 *1,689,169 *1,007,80 2
5,980,607 *2,337,067 *1,300,569
612,665
1,146,174
2,182,267
Total both divisions—
Oct
1 to Dec 31..
July 1 to Dec 31
Jan
1 to Dec 31.
449,737
*721,118
*803,678
759,737
*810,232 *1,031,238
1,224,171 *2,258,122 *2,169,572
2,472,907
4,704,115
9.251,068
Kanawha Ac Michigan
July 1 to Dec 31
Dec
2,306,759 *1,171,816
*963,280
4,294,431 *1 ,449,402 *1,073,100
8,170,780 *3,545,189 *2,504,140
19,952
*9,124
*22,324
20,729
132,690
120,642
*150,805
*180,813
Lehigh Ac Hudson River—
Oct
J ul v
to Dec 31
to Dec 31
to Dec 31..
1
1
Little Falls
()et
43,484
.
Jan 41
1
.
Dolgevllle. b
Ac
to
Dec 31
Oct
1 to Dec 31
to Dec 3 1
1 to Dec 31
86,217
36.098
72,185
21 181
*67 236
195,843
150,614
*95,986
2,550
5,100
2,550
5,100
705,741
1,456,236
2,588,448
Louisville <5c Nashville, b—
July 1 to Dec 31
Manistee. Ac Northeast. .Oct
Jan 1 to Oct 31
23.463
4 3,741
*77 ,839
4,980
4.120
6,835
9,118
*201 ,582
*102.801)
2,105,997xdef224,994xdefl07,589
3,840,658
Dec
9,997
59,729
Dec
422,236
2,479,050
Nash Chatt Ac St Louis..Dec
July 1 to Dec 31
149,492
896,922
Nevada Ualif Ac Oregon.. Dec
July 1 to Dec 31
3,302
19,269
15,645
30,992
15,546 *defl 1,664 *defl 1,875
31,092
*2,892
*def3,090
6,766
67,659
.
Maryland Ac Penna
July 1 to Dec 31
Mineral Range
July 1 to Dec 31
Dec
6,959
30,099
Mo Karts Ac Texas
July 1 to Dec 31
1 to Dec 31
July 1 to Dec 31
New London Northern—
Oct
1
July
1 to Dec 31
1 to Dec 31
Jan
to Dec 31.
62,144
125,656
253,622
60,296 *def38,531
125,740 *def42.149
*def22,620
*6,140
252,437xdefl91,280 *def53,440
N Y Chic & St Louis—
Oet
Jan
l
1
703,842
,024,948
,636,241
578,600
901 ,273
1,498,732
New York New Hav & Ilart—
Oct
1 to Dec 31
3,745,931
July 1 to Dec 31.
6,983.617
Jan
1 to Dec 31
12,388,090
_
N Y Ontario Ac Western.Dec
July 1 to Dec 31.
New York Ac Penna—
1 to Dec 31
Oct
July 1 to Dec 31
1 to Dec 31
Jan
,
.
N Y Ac Rocketway Beach —
1 to Dec 31
Oct
July 1 to Dec 31
1 to Dec 31
Jan
_.
.
Norfolk & Western
July 1 to Dee 31
.
.
Dec
75,937
446,444
5,787
6,400
11 ,806
4,186
1 l ,677
0.180
22 234
22,261
9,100
27,329
42,050
76,255
to
July
Reading Company
July 1 to Dee 31
.
Dec
402,873
2,272,128
16,464
33,414
Nov
8,333
99,998
Rio Grande Southern
July 1 to Dec 31
Rutland RR—
1 to Dec 31
Oct
Ju).\ 1 to Dec 31
Jan
1 to Dec 31
Dec
17,733
108,645
St
Joseph Ac Gr Isld
.
.
..
.
.
184,519
365.085
696,336
Dec
18.184
121.763
Seaboard Air Line.. ...Dec
July 1 to Derr 31
Staten Island Ry—
268,270
1,661 ,942
Juy
1 to
..
Dec 31
Oct
l
Dee 31
8,451
1 to Dec 31
1 to Dec 31
16,858
32,651
Jan
Staton Island Rap Tran—
Oct
1 to Dee 31
J uly
1 to Dec 31
Jan
1 to Dec 31
South Buffalo
43,725
93.480
180,196
Texas Central
•
807 469
904,689
5,605.959
4,527,361
8,333
99.998
15,898
120,267
17,733
6,352
108,413
*34,506
151,869
303,797
*3,597
*82.247
*174,727
604,500
1
28,636
34,869
9,715
19,613
17,964
124.476
236,295
261 ,158
*63,472
85,814
8,023
*23,216
*108.647
Miscellaneous Companies,
*208,245
*290,847
50.849
41,156
171.099
*114,602
*615,078
,542,7Gl.rdef308,434
8.149
16,297
32.127
77,352
133,049
227,912
*def4,790
defl2,10o
*7,768
xdef9,210
*def8,786 xdefl7,883
*43,434
*88,414
*145,543
6,254
*6,060
*55,982
Dec
8,818
17,217
*1.856
xdef21 fi
*23,128
Xdef4,583
294 .058
293.968
Oiiio Central.. Dee
1 to Dec 31
39,478
221,486
38,083
223.825
*63,636
*651.627
*50,083
*417,503
Peoria Ac Western..Jan
uly 1 to Jan 31
23,703
168.687
22.978
4.706
10,425
17
Toledo
July
to
.
Dec 31
..
.
.
J
1'Kter Ac Dcaware—
(>vt
1 to Dec 31..
J ul\
i to Dec 31
an
! to Dec 31
Com pa tiles.
BulTalo Gas Co
Oct 1 to Dec 31
Cuyahoga Teleph Co.
160,056
62,21 1
50,154
26,153
.
...
.
41,500
41,500
83,000
82,119
*1 .034
*81 .31 1
166,000
163,210
*88.213
1 5,319
*92 346
*
1
*99.581
Net Earnings
Current
Previous
Year.
Year.
§
§
40,578
99,096
.Dec
491,363
5,384,844
..Nov
62,550
17,814
Fall River Gas Wks.
£
Dec
Edison El Ill Co (Brock) a.Nov
Jan 1 to Nov 30
a
433 ,658
146,995
4,656,422
53,378
197,830
1,937,437
30,604
15,023
127,126
6.9.T2
46,274
44,467
106,470
172,500
1,679,450
22,525
5,831
35,379
..Nov
35,113
35,490
15,425
17,582
Houghton Co ill LtCo.a Nov
26,103
24,471
15,438
103,031
13,876
Jan
1
Nov
a
30....
208.594
1 85.635
Hudson Riv ElecPowCo.Dec
Jan 1 to Doc 31.
92,248
896,830
Keystone Teleph Co.a..Dee
July 1 to Dec 31
Lowell Elec Lt Corp.a _Nov
82,513
75,088
738,388
68.694
400,164
to
.
.
459.344
28,334
.
Jan
1
to
Nov 30
Jan
1
to
.Nov 30
.
a.Nov
Minneap Gen Elec Co.a.Nov
Jan
1
to
Nov
Paciiic Coast Co__
...Dec
July 1 to Dec 31
J<in
1
72,425
646,686
593.299
505,074
3,502,285
*355,120
3,014,151
3,636,774
..Nov
Nov
to Nov 30._
._
79,044
718.630
564,855
4.781.708
_.
...
Tacoma Gas
Jan 1
to
Lt Co.
Dec 31
..
.
L.a.
.Dec
Dec
17,174
132,687
34,696
29.391
208,477
183,723
13,903
91,888
102,475
883,668
34.475
326,155
1 1.411
80.665
780,292
303,537
1,943,996
16,772
267,870
12,486
105,030
U S Telephone Co
...Dec
Dec
Victor Fuel.b
..Dec
Dec
210,692
July 1 to Dec 31
1,193,173
Wilkes-B Gas & El Co..
..NOV
Nov
32,909
Jan 1 to Nov 30
283,213
332,273
.
88,850
768.349
34'018
306,350
109.559
•j
Pocahontas Collieries Co
’o Nov
Jan l to Nov 30
..
37 ,389
38,986
25,787
227,401
249,262
.
94,019
42,470
374,291
MilwaukeeGas Light CoNov
1
,
/
103,869
830,405
90,184
839.170
27.210
216,858
7,198
60,990
5,316
38,793
31,202
21,797
17,098
976,063
49,970
278,604
29,391
18,423
206,136
IT, 2 7 4
243,386
131,190
1 16.245
Net earnings here given are after deducting taxes,
b Net earnings here given are before
deducting taxes.
a
Miscellaneous Companies.
-Int., Rentals, &c.—
Current
Year.
Companies.
Jan
1
to
to
. .
Nov :
.
Jan
1
to
1,359,284
16,118
12,174
6,407
Dec
750
7,874
729
7,724
6.I&2
5,102
38,409
27,655
Nov
Nov
317
486
15,198
17,096
Nov
2,813
25,939
2,813
13,62ft
77.09C
68,089
12,156
8Q.742
75,793
9,07 1
102,640
25,507
327,883
24,947
203,710
/T6.24G
/173.889
1,475
17,508
def5,76U
10,964
73.080
3.640
35,98ft
42.969
21,285
12,253
8,466
4,845
106 631
*36.177
*188,228
*1*6.355
Nov
1.747
.Nov
Nov
Nov 30
1
to
Nov 30
^22,541
f 194,791
3,558
25,005
—
....
States
Tele
.
Victor Fuel
July 1 to Dec 31
138,017
1 1 .063
10,006
'
Tacoma Gas Lt Co
.Dec
Jan 1 to Dec 31..
United
1,405
10,872-
8,908
98,272
—
Pocahontas Collieries Co Nov
Jan
25,939
11 .146
Minneap Gen Elec Co
§
18,430
—
Lowell El Lt Corp..'
Jan 1 to Nov 30
§
.Nov
Nov
.
.
$
158,526
1,532,436
—
.
Houghton Co El Lt.a
Dec
34.483
320,166
Dec 31,
Edison El Ill Co
Jan 1 to Dec 31
1
Year.
—Bal. of Net E’ngs.—
Current
Previous
Year.
Year.
39,304
405,001
.
Cuyahoga Teleph Co
Jan
Previous
§
Cumb Tel & Tel Co
Dec
13,397
21,955
139,828
.Dec
Dec
3,841
f Includes sinking fund and preferred stock dividend.
x After allowing for other Income received
STREET RAILWAYS AND TRACTION COMPANIES.
Latest Gross
Name of
Road.
Week or
Month.
"
Albany Ac Hudson
1
December
Chattanooga Rys Co- December
Chicago & Mllw Elec.. January
dChicago & Oak Park January _.i
Cleve Painesville & E January
Cleveland Ac Southw. January
Dallas Electric Corp. October
.
_
.
.
_.
Detroit Mon & Toledo
Detroit United Ry
Duluth Street Rv
Easton Consol Elect.
East St Louis Ac Sub.
El Paso Electric
Ft Wayne & Wabash
Valley Traction
1st wk Feb
1st wk Feb
2d wk Feb
January
Earnings.
,
Current
|
Year,
.
j
Jan.
1
latest
to
Previous
Year.
Current
Year.
§
25,241
200,438
§
date.
Previous
Year.
i
aAmeriean Rys Co... January
cAur Elgin & Chic Ry Decent ber
Binghamton Ry..
December
Birm Ry Lt & Power December
Brockton Ac Ply StRy November.
Burlington (Vt) Trac January
Cape Breton Elec Co. November.,
Central Penn Trac
January
Chari Con Ry Gas & El Januarv
...
December .j
November.
§
27,125
210,731
100,54 7
24,523
189,223
6,217
22,861
54 ,306
55,334
62 ,63
.
.
1
i
72,771 j
18,031
49,558
118.324
22.465
156.313
6.595
6,290
20,482
49,831
53,513
35,6711
200,438
.
301 ,400
277.038
1-,931,8481
1,603,633
6,217
6.200
5-4,306
55,334
49 ,831
53,513
424,262
43,443
481 ,831
43,443
71,630
15,858
46,507
88,601
4,399
97,640
13,466
23,341
188,803
$
210.73?
91.3071
7,214
December
101,379
Galveston Electric Co November.
25,801
Hartf Ac Spring St Ry December
11.637
Havana Eectrle Ry. Wk Feb 1 71
33,000
Honolulu Rapid Tr Ac
Land Co
December j
31,593
Houghton Co St Ry_. November.!
18,545
Houston Electric Co. November, i
57,105
Illinois Traction Co
January
280,039
Indlanap Col & South December
21 .087
Jackson Consol Trac.i December
10,908
Jacksonville Elec Co. November.
33,468
Kan Citv Rv Ac Light December
499.632
.
.
.
Gross Earn’gs—
Current
Previous
Year.
Year.
§
§
.
2,583
15,498
1
*161 .200.
*3 1 l .500
23,104xdefl 19.372
figures are after allowing for other income and for discount and
exchange.
The sum or §10,000 is deducted every mouth from surplus and
placed to the credit of the Renewal Fund,
x After allowing for other income received.
13.173
2,583
15,498
July
Tol
•
51,836
47.622
RyCo—
Oct
1
to
Doc 31
J uly 1 to Dec 31
def 60,416
170,827
583,330
1,211,100
year.
d These
.
July
to
14,302
50,072
867,882
5,207,288
890,500
5,343.000
Rio Grande Junction
Dee 1 to Nov 30
.
4,054
5,637
9,375
C
Dec 31
1 to Dec 31
1
*167.302
*408,130
*620,362
114,176 *def40,567*def 142.573
128,859
*134,566
*def9,752
158,225
*97,878
*1
349,540
452,503
586,282
2,025.548
3,345,242
3,558,778
PittsbShawmutt Ac Nor—
Oet
*127,415
*419,539
*734,074
3,391,792 *1,844,668 *2,083,570
6,299,641 *4,551,008 *4,694,072
10,749,295 *6,714,715 *8,190,325
73,491
102,569
91,240
426,293
1,038,692
798,857
..
277.020
5
.
Fall River Gas Wks
1 to Dec 31
1 to Dec 31
1 to Dee 31
July
§
Charges here include road rentaHpaid by lessee) and other deductions
charges are expenditures for renewals, additions and
improvements amounting to §131,142 for December, against §80,127 in
1905, and to §075,244 from July 1 to Dec. 31 1900, against §939,737 last
Jersey & New York—
Oct
—Bal. of Net E’ngs.
Current
/Jn>n'/n
Current
Previous
Year.
Year.
b Included In fixed
532,460xdef270,756xdef222,518
1,163,624
3,482,659 *3,560,356 *3,528,811
6,672
def 7 53
def 2,043
66,722
48,169
70,819
283
6,834
2,443
29,000
38,047
42,954
9,447
*1.610
*3,800
56,679
*50,241
*29,001
364,1 13
462,059
215,544
2,186,557
2,593,187
1,304,532
149,590
63,400
87,437
897,916
308,586
351,425
2,726
6,236
2,375
14,996
83,719
49,093
New
552,755
853,115
1,497,800
Pittsburgh Coal Co
1
Jan
1 to Dec 31
1 to Dec 31
Jan
—
July 1 to Dec 31
Long Island-July
July
.
Dec 31
to Dec 31
to Dec 31
1
1 to Dec .11
..
810,241
2,507,941
6,018,800
to
July 1
Jan
Oct
Cumb Tel & Tel Co.b
Jan 1 to Dee 31
Subway Division—
1
Roads.
I.XXXIV.
a
66,259
379,868
Manhattan Elevated—
Oct 1 to Dec 31
July 1 to Dee 31
Jan 1 to Dec 31
Oct
—Int., Rentals, &c.—
Current.
Prp.riiinj ?
Current
Previous
Year.
Year.
$
§
Western X V & Henna —
351,835
*255,927
*323.008
2,094,810 *2,198,820 *2.146,346
*2,809
83,641
*12,332
4,700
9,400
18,600
.
—Bui. of Net E’ngs.—
Current
Previous
Year.
Year.
§
§
[VOL.
86,313
1 1 .998
62,631
72.771
18,031
,558
71,630
15,858
46,567
24,670
533,921
478.540
49
85,177
23,341
78.091
20,815
165.212
2,041,451,
25,479
350,078
87,326
1,109,192
949,497
22.523
10,806
30,707
287,876
173,896
245,717
139,582
220,577
206,414
29,487
15,215
349,915
209,269
323,193
150,212
5,2,236
537,230
470.900
237,048
19,135
10,573
22,423
447.798
280,039
240,034
145.342
294,584
237,048
210,259
124,653
282,018
4.880.329
5.484,996
-20,815
1.724,696
'
263.8
6
Feb. 23
1907.]
THE CHRONICLE.
Latest Gross Earnings.
Name of
Rotui.
Current
Week or
Month,
i
Year,
i
Corporation
j
j- Year.
$ * i
70 845
40.148
Lake Shore Elec Ry. December I
Lex & Inter Rys Co. November JMadison & Int Trac._ December !
i
Manila Elec Ry & Ltg
Jan.
j
Previous
Nor Ohio Trac & Lt. December
Norf & Portsra Tr Co December !
Northern Texas Tr Co October
Northwestern Elev..; January
Oklahoma City Ry._! December
j
Peeksklll Light & RR December
Pitts M’K & Green. _i December
Portland Rys Co
November.;
St Joseph (Mo) Ry Lt
Heat& Power Co..! January
Savannah Electric Co November, j
$
788,268
8,704
130,128
110,126
n909,080
232,755
3,523,439
702,222
201,066
3,226,535
609,000
297,465
48,336 !
52,223
116,226
30,689
444.271
•21,571
1,391,407 1,170.849
400,393
332,600
5,220,685
225,447
210,484
1 29,806! pi ,703,340, pi ,552.970
126,6721 1 513,846! 1.386.713
57.7971
13,299!
13,045 j
144,322
.
68 ,699|
45 ,049!
..
Year.
$
866,970
483,699
201 ,066
232,755
326,065
56,379
60,003
132,549
33,501
506,534
22,058!
141,709
187,273!
93,458
137,379
16,101
Niagara St C & Tor.. October __i
Previous
Year.
$
December.! n85,300
.
Current
'
;
125,866
10,174
137,379
11.904
13.870
125,866
177,181
146,498
211,176
125,037
123,472 k\ ,538,828
1,692,764
68,699
562,558
66,578
532.086
66,578
50,420
182.630
: November.!
Schuylkill Ry Co
South Side Elevated.! January ..;
Syracuse Rap Tr Ry ! December
14 ,976
143 ,237! 143,229
143,237
104 ,816j
90,953 1,099.762
48 .79 L
Tampa Electric Co._j November.
45,108
428,058
Terre Haute T & L Co November.
75 ,437,
55,459
739.889
Toledo Rys & Light.! December j 186 ,848
175,745 2,047,610
Tol Urb & Inter Ry__ October
28 .792
|
26,766
289,232
Toronto Railway
58 ,358!
!
; Wk Feb 9
51,981
Tri-City Ry & Lt Co.j December
157 ,239! 144,535
Twin City Rapid Tran* 1st wk Feb
100 .742
92,078
552.452
United RR of S F
November. !ft546 ,160 604,686 AS,393,587
United Rys of Balt..; December I
6,579,821
United Rys of St L..
826 ,337! 781 .788
826,337
January
Wash Alex & Mt Ver. December
18, ,459;
20,528
273,266
Western Ohio Ry Co. October
35, ,040
1
Whatcom Co Ry & Lt November.!
27 ,269
21.588
143,229
964,233
374.408
568,694
1 .913,456
252,004
i
I
..
.
Delaware Lackawanna & Western RR.
latest date.
to
66,560
12,138
Met WestSide Elev.. 1 January
_•
Mllw Elec Ry & Lt Co December
Mllw Lt Ht & Tr Co__i December
Alontreal Street Ry_. Week Feb 9
Nashvllle Ry & Light December .1
N J & H R By&Fy Co November.!
N O Ry & Light Co. Noveraber.
1
_
498,121
6.427,999
6.023,698
..j
781 .788
251,643
_
{Report for Fiscal Year ending Dec. 31 1900.)
President W. H. Truesdale says in substance:
Earnings.—The year 1906 was a prosperous one for the company, all
branches of its traffic showing a continuance of the steady growth of recent
years excepting only the anthracite coal business, which was reduced, owing
to the six weeks suspension of mining
operations in April and May last.
'Phe general business of the country during 1906 reached a new high level
and the railways handled a much larger traffic than during any year in
their history.
The mines and washerles of the'eompany were operated
to their full capacity excepting during the period of suspension.
The
earnings from transportation of miscellaneous freight
more
satisfactory
per ton mile show
slight Increases.
Operating Expenses.—The increase in cost of the maintenance and opera¬
tion is strikingly large, aggregating more than the Increase In gross earnings.
Increased wages, together w ith the high prices paid for all kinds of supplies
and materials will in a great measure account for the Increase in operating
The cost of maintenance of way ami structures was large and
expenses.
covers extraordinary betterments and additions, amounting to 52.174,937.
(given in full in report.—Ed.) notably, new freight yard, transfer bridges
and dredging for same, Jersey City, $166,994; new block and interlocking
signal apparatus, $161,258: sundry overhead bridges and road crossings.
$69,568; new bridges, trestles and culverts on
line.
$271,791;
third
track, Scranton to Nay Aug, $162,476;
new yard tracks. 85.526 feet,
$101,607; new side and passing tracks, $147,410.
New steel rails with fastenings were laid to the amount of 14,768 tons,
or 2,233 tons more than In 1905,
Also 629,682 new ties were put in track,
or 48,403 less than during 1905.
The cost of new steel bridges and masonry
was less than during the previous year, as the
heavy work of this character
is nearing completion.
By reference to statement of expenditures for renewal and betterment
account It will be seen that the company made large purchases of new
equipment during the year, all of which were paid for In full out of Income.
These purchases Included 50 new* locomotives, 52 passenger train cars of
various kinds, 4,323 freight ears and 52 ballast ears.
Total expenditure
on this account, less value of old
equipment and value of materials from
such of It as was torn down, amounted to $4,433,733.
(This amount,
together with $233,733, net. for steel bridges. $360,287 for new Twentythird Street ferry terminal, $496,475 for Klngsland and other shops, and
$27,390 for boats, makes the total of $5,551,618 of renewal and betterment
ures
are
year.
n Fig¬
for all denartments.
Street Railway Net Earnings.—The following table gives
returns of STREET railway gross and net earnings
reported this week. A full detailed statement, including all
the
roads from which monthly returns can be obtained, is given
once a month in these columns, and the latest statement of
this kind will be found in the issue of Feb. 2 1907.
The next
will appear in the issue of Mar. 2 1907.
Roads.
Central Penna Tr Co
Jan
.
Charleston Consol Ry
March 1 to Jan 31
('hie
.
('lev Painsv
.Jail
._
Milwaukee EL
6c
Gross Earn'gs
Current
Previous
Year.
Year.
$
5
54 .306
49.831
,
_
55,334
.
.Jan
& East’ll
Net Earnings——
Current
Year.
$
5.779
Previous
Year.
$
3 ,595
601 .913
53.51 3
564.170
17,607
222,548
18,118
224.186
62.63 1
43,443
29,139
20.750
.Jan
18,031
1 5,858
7,701
6.740
Jan
49.558
16,567
19,954
19 .018
Illinois True Oo._
Jan
280.039
1 14,345
237,048
New York CltyRy. b—
Oct
1 to Dec 31..
1 .992,999
4.552,656
4,453,875
July 1 to Dec 31..
9.1 74 ,533
8,963.485
4.429.038
1 to Dec 31
Jan
17.636.707 17.020,033
8,078,420
Norf & Portsm Tr Co
Dec
137.273
126.672
53,641
Jan 1 to Dec 31
1 ,513,846
1 ,386.713
587.200
Union Ry Oo b—
1 to Doc 31
Oct
102.667
883,961
358,005
826.447
762,755
July 1 to Dec 31
292,1 1 1
Jan
l to Dec 31
1
,420,990
1.566,871
518,741
United Rys vi
u
.Jan
uun
781
t r> i .788
of vjt
St iJ
L--a
826.337/
t oo
248.467
a Net earnings here given are after
deducting taxes,
b Net earnings here given arc before deducting taxes.
i 10.359
Cleve
6c
Southwestern
.
_.
_
1 ,982 .4 13
4,199,765
7.368,709
54,121
557.701
'
.
.
i * i
iv
vi
i
«
Interest
.
66,614
5,9 1 3
353,165
290,420
21
.
..
...
.
ANNUAL REPORTS.
Annual
Reports.—The following is
an
index to all annual
reports of steam railroads, street railways and miscellaneous
companies which have been published since the last edition
of the “Ry and Industrial” and “Street Railway” sections.
This index does not include reports in to-day's “Chronicle.”
Railroads—
Page.
Cleve. Cin. Chic. & St. Louis
155
Huntingdon 6c Broad Top Attn.
RR. & Coal
339
Maryland 6c Pennsylvania
890
New York Chicago & St. Louis. 155
Norfolk & Southern
159
during the coming
year, as
Coal Department.—The total tonnage produced at the company’s mines
and washerles and purchased from Individual operators aggregated 9,152,743
tons, or only 189,919 tons less than in the year 1905.
Development work
lias been prosecuted on a large scale with the view of keeping tip the pro¬
duction to the increased requirements of recent years.
The policy of
liberal expenditures for improvement of collieries and breakers was con¬
tinued, and $609,022 was expended or set aside for these purposes.
After
the suspension of mining before referred to. the company’s mine employees
all returned to work under an understanding that the wages previously
paid as established by the Anthracite Strike Commission shall he paid until
April 1 1909,
The Inter-State Commerce Act passed at the last session of Congress
contained a provision making it unlawful for a common carrier to transport
in Inter-State commerce any commodity, such as coal, mined or purchased
by it
or
In ydiich it has any interest excepting such coal or other commodity
Is for Its own use, this provision of the law to become effective after May 1
1908.
The management Is advised by its legal representatives that this
company cannot be required to dispossess itself of its coal properties by.
the action of Congress under the guise of regulating commerce between the
States, especially as by the terms of Its charter one of the early ones granted
In Pennsylvania, It lias the undoubted right to mine, purchase, transport
and merchandise coal.
Financial.—The Morris &• Essex Railroad Co. during tiic past year
Issued $1,000,000 more of its 3
% first and refunding mortgage bonds to
this company to reimburse it for expenditures made for various construc¬
tion work and Improvements during the year.
These bonds are held with
others in our treasury as available assets.
The first mortgage bonds of
the Syracuse Binghamton & New York RR. were paid at maturity Oet. 1
1906 In part with funds advanced by tills company.
These bonds are held
uncanceled as security for said advance until such time as money market
conditions are more favorable for permanently ilnancing this obligation.
Opportunity was availed of during the year to acquire at an advantageous
figure, for cash the dock and terminal properties of the Brooklyn Warehouse
6c Dry Dock Co. and the Brooklyn Dock 6c Terminal Co. located in South
On March 1 next the outstanding first- consolidated mortgage 7% bonds
of the Oswego 6c Syracuse Railroad Co., amounting to $438,000. will ma¬
ture.
Also on Sept. 1 next the outstanding first mortgage 7% bonds of
tills company will become due anti payable.
General Remarks.—The construction of our new passenger and ferry ter¬
minal at Hoboken has progressed favorably; the passenger terminal
proper
with appurtenant train sheds is nearing completion, and will probably be
reatiy for occupancy about Feb. 15.
The work of building an additional
tunnel for two more main tracks through Bergen Mill, just west of Hoboken,
begun early In the year.
The necessary property has been purchased
a new passenger station and office building at Scranton. Pa., and It is
planned to construct this building during the coming year.
The present outlook for business of every kind continues most promising
and so far as can now be discerned nothing is Indicated for the coming year
other than that the wonderful activities and prosperity of the year 1906 will
he duplicated in 1907.
The most serious aspect of tin- present situation,
as seen from the railroad standpoint. Is the universal and pronounced feeling
of hostility which exists towards the railroads.
Legislation by Congress
and by many of the States Is being actively pressed as a universal panacea
for all troubles, and If made effective and enforced
would hamper and
embarrass the transportation interests of the country beyond measure.
The effect on this company of certain of these measures Is startling, notably
In New Jersey.
Our taxes for the past year have been increased by these
changes in the tax laws by $572,915, or 57.29%.
The taxes levied in New
Jersey for 1906 amount to 9.25% of the gross earnings, or over 30% of our
net earnings on business of every kind, through or local, done In that State.
Efforts are being made through the courts to secure a more equitable treat¬
ment of railway Interests of New Jersey on taxation matters.
was
for
’.STATISTICS OF OPERATIONS.
1906.
Keystone Telephone, Phila
218
Lackawanna Steel.
Atfrs. Light & Heat, Pittsburgh.
Alarsden Co.
Alontana Coal & Coke
National Biscuit
North American
269.
269
Road operated Dec. 31
Earn, per freight train
mile, all freight
Earn, per pass, train mile
Includ. mail 6c express
341
Average train load
274
389
388
278
218
Pennsylvania Telephone
People’s Gas Lt. & Coke, Chic
342
388
Chicago Pneumatic Tool
272
392
389
Consolidated Gas of New York.
219
Pittsburgh Coal
Pittsburgh Plate Glass
Southern New.Eng. Telephone.
Philadelphia 6c Erie
Industrials—
American Can
Amor. Dlst. Teleg. Co. of X. Y.
American Pipe Atanufacturing..
Amci. Soda Fountain (bal. sh.)_
Central Dlst. & Print. Tel. Pitts.
7 ndustrials—(Concluded.)
Page
Illinois Brick (bal. sh. Dec. 81). 337
I ntern. Smokeless 1'ow. 6c Chem. 393
391
.
337
222
http://fraser.stlouisfed.org/ iW^lwiiiiiw iirrr r •»
Federal Reserve Bank of St. Louis
341
269
.
enue)
-
a'-
1903.
957
9C5
$3.21
$3.41
$3.31
$3.32
$1.40
$1.16
$1.11
$1.10
465.81
461,08
445.35
442.68
9.168.974
1605768019
0.871 CtS.
8,615.798
8.960,684
1531125705
0.804 ets.
1 592700702
0.808 CIS.
8,1 66 .7 65
1340801210
0.688 CtS.
7,296.679
1184622738
0.704 CtS.
7.725.162
1178035722
0.709 CtS,
895
Passenger traffic—
Passengers carried
843
Pass, carried 1 mile.
w*
1904.
957
(rev-
tons
.
-
Rate per pass, per
1905.
957
395
268
275
,
nrim *
.
Coal traffic—
rl'ons (gross! carried-.-.
8.582.380
Tons carried 1 mile
1477181981
Rate per ton per mile.
0.873 ets.
Merchandise traffic—
Tons (net) carried
9,512.887
Tons carried 1 mile
1501815856
Rate per ton per mile...
0.689 ets.
889
34 2
Toronto Electric Light
Union Natural GasCorp.. Pitts.
United States Steel Corporation
Warwick Iron 6c Steel
Creamery Pkg. Atfg., Chicago.. .269
& Teleg
393
Cumberland Teleph.
Diamond Match..
General Chemical
further very general and substantial increases
in salaries and wages were made in the latter part of 1906. some of which
did not become effective until the hist part of the new year.
Brooklyn.
Charges and Surplus.
_.
...
Klngsland
.
-Int., Rentals, Ac.—
—Bal. of Net E'ngs.
Current
Previous
Current
Previous
Year.
Year.
Year.
Year.
Roads.
$
$
$
$
Charleston Consol Ry ...Tan
7.212
6.678
489
62
('lev Painesv & East’n..Jan
13,349
13.116
4,258
5.302
Mch 1 to Jan .31
144 ,333
143,697
78,851
78,853
New York City Ry—
Oct
1 to Dec 31
2,871,807
2.81 2,000jdef007 .72 1 zdefn 1 5.63 1
July 1 to Doc 31-.
5,737,439
5,615,050xdef773,463xdef761 ,913
Jan
1 to Dec 31
11.347,788 11,185.658 fc2.097.098 fc2.555.268
Union Ry Oo—
Oct
1 to Dec 31
71 ,280
68.782
r3 5.887
7:2,332
136.382
July 1 to Dec 31
X 156,719
144,392
7*88,534
1 to Dec 81
Jan
294.317
268.768
.r242,420
.rlOO.274
United Rys of 8t Louis. .Jan
231.541
232,055
16,926
58.365
.r After allowing for other income received.
k Deilclt after allowing for other Income received
...
for
the year.—Ed.)
car shops were placed In use about May 1 1906, ami tlie
Klngsland locomotive shops will be ready for occupancy about May 15
1907.
Plans have been adopted for a new locomotive repair plant fit
Scranton at a cost of about $2,000,000.
It is planned to have the entire
plant in operation about the middle of 1909.
When these several plants
are in operation the company will he second to none as
respects facilities
for repairing its equipment.
The operating cost of this and all other railways will increase largely
The
Sept. 5 1906. k Decrease due to Lewis & Clark Exposition last
V Includes earnings of Canton-Akron Consol. Ry. for entire year,
were about 12 L %
1905 and the revenue from passenger truffle shows equally
growth.
The average rates received per passenger mile and
than in
account
a Figures for the month In both years Include
operations of the Scranton
Ry., acquired Jan. 1 1906.
c These llgures are for consolidated company.
d These are results for main line,
h These are early preliminary returns;
decrease due to earthquake. Ore and strike among employees, Aug. 26 to
445
mile.
21 .532,943
17,004.035
19,378,522
17,946,680
429,086,560 387,589.753 367,471,125 355.301 ,794
1 .449 CtS.
1 .427 CtS.
1 .419 ets.
1 .439 ets.
(VOL. LXXXIV.
THE CHRONICLE.
440
.
------
.
S
S
Earnings from —
Coal
Mlscellaneou.'. freight
Passengers..
Mail, express <x mist*—
_
1900.
$
1904.
1
1906.
BALANCE SHEET DEC. 31.
CHARGES.
EARNINGS, EXPENSES A XI.)
12.902,851
10,990,585
13,200.870
10,042,423
6,216,624
9,200,787
5,529 .002
0,197,690
8,007,820
5,215,919
0,500,981
10,826,844
8,054,908
5,080,142
1 .916,069
1,917,079
1905.
$
252,809
254,091 Bonds
i
8
Liabilities—
-28,212,874 28,025,674 jStock, common— 6 ,500,000
,500,000
115,824
Stock,
preferred
6
271,855
Assets—
Investment aect
Cash
Coupon account-.
Dividend account.
14 ,000,000 14,000,000
120,000
8,460
1,586
295,054
227,500
227,500
1 .314,025
1,101.499
230,0121 Bills payable
229,086
i Accounts payable.
Dividends unpaid.
Aecrued interest..
I Dividends declared
i Inc. and exp. acct.
!
Total...
,951,064
28,701 ,991
29,180,963
0,916,117
3,647,959
2,907,675
8,4 48,052
2
1 ,570,000
4,640,208
2,871,911
9,816,196
499,660
1 ,000,085
20,472,441
12,490,408
291 ,598
404,126
01
32,962,879
.
Expenses—
4,907,771
2 ,909.005
10,503,943
548,092
Maintenance of way, dec.
Malnt. of equipment.
_
Conducting transport’n.
General
Taxes
.
Total.
Net earnings.
.
.
4 64,602
872,862
18,828,060
10,123,004
16,652,763
12,049,228
16,040,400
10,107,560
186,142
47 1 ,88 1
0,445,477
115,162
005,9 1 6
0,655,119
210,847
028,047
3.295,426
0,006,194
118,501
101,640
08,699
10,664
16,989,812
17,061,967
16,191,419
16,608,496
209,480
5,158,716
210,698
5,128,709
99,082
140,544
214,199
5.1 10,097
502,954
140,279
214,409
5,071,249
50.206
0,446,719
4 .019 .166
(7) 1 .804,000
..
_
Total.
Deduct —
Interest on
...
.
.
bonds
Rentals leased lines
Accounts charged olf.&c.
Rentals N. Y. terminals.
Renewals & betterments
(sec remarks above)
U\
140,408
0,587.486
5,551 .619
Dividends, %
.(HP 2,620,000(10)2,620,000
2 ,620 ,000
2,620,000
Extra dividend ) 10%)
(7) 1 ,804,000
14.363,538
2.698,429
10,871 ,548
2.019,871
Total.
16,402,741
587,071
..
x
Results of coal department were;
.
$0,295,425
Profit
BALANCE SHEET
COX DENSE I)
Assets—
Cost of road
Cost of equipment
OtlieF perm. Investment
Storks in treasury
Bonds in treasury
Advances to leased and
controlled roads
Coal on hand
-
-.
-
$
17,770,089
8,019,201
0,022,547
8,502,001
9,059,150
2,118,085
1 .814,215
2,500,081
2.024,014
127.010
Material, fuel, &c
Cash
Bills receivable
Agents, conductors, cos.,
-
$0,006,194
01.
17,502,455
8,019,201
0,705,094
8,404,021
7,044,097
17,496,496
8,019,201
4,992,165
7,550,780
5,412,652
1900.
S
$
17,401,195
5,010,001
120,550
54,466,921
26,200,000
26,200,000
0,067,000
1,501,268
69,487
158,550
655,000
26,200,000
26,200,000
3,067,000
3,067,000
1,529,570
1,532,490
71 ,167
71,077
125,328
182,730"
.458,500
458,500
1 ,818,500
1,949,128
1
,151,180
1,213.027
490,110
463,966
572,432
714,080
62,074
62,073
,408,250
1
1.170,888
1,766,828
1,079,546
540,861
1,007,486
62,074
191,228
Companies & individuals
86.070
Mortgage on real estate
68,452
Suspense account
Protit and loss surplus._ 24,095,584
20.808,513
21,110,084
18,790,213
61,488,169
60,279,612
56,893,618
54,466,921
-
Total
—V. 83, p.
General Results.—The gross earnings as compared with 1905
increase of 18.61 % and net earnings an increase of 14.37%.
The
between the gross and net increase Is largely due to an increase
show an
diiference
of 10% In
and the Increased cost of all raw materials.
has paid particular attention to the
and more especially to Its park at the
terminus at Excelsior, Lake Minnetonka.
It has developed a large busi¬
ness In this connection by judicious advertising.
The expense Incurred
thereby largely accounts for the increase in tlie general expenses.
After
paying taxes, interest and dividends- on all bonds and stock outstanding,
the surplus amounts to $719,681, as compared with $497,933 in 1905.
Bonds.—During the year there were issued and sold $1,000,000 consoli¬
dated 5% bonds due 1928 and $2,100,000 common stock.
The interest
and dividends accruing on these Issues after deducting premiums received
This amount was charged against
on the sale thereof amounted to $63,500.
income, as in previous years, although these Issues were made to defray the
wages
During the year the management
matter of amusements along its lines,
cost of
construction.
new
Acquisitions.—During 1892 there were started two villages for manu¬
facturing purposes—St. Louis Park on the southwest, 6.1 miles from the
city limits, and Robblnsdale on the northwest, 2.2 miles.
We secured the
Minneapolis rights to connect with both villages and then leased these
rights to parties desiring to build, reserving the privilege to purchasewhenever we saw lit.
Accordingly we recently purchased tlie St. Louis Park
line for $40,000 and the Robblnsdale line for $30,000.
These lines will pay
interest
the Investment
on
Co.
expended for
and track reconstruction the sum of $480,780. The
fund now stands at $590,449, of which
$060,500 is invested In bonds.
Extensions and Improvements.—The extensions and Improvements made
during the year aggregate $2,648,518, viz.:
replacement
balance at the credit of the renewal
New power..
New shops
Buildings and furnishings.
Car
equipment
$1,034 514 I Track and paving
201,685 I St. Louis Park line
52,755 j Robblnsdale line
402,8151 Big Island Park & boats.-
•Includes:
“Minneapolis, $180,275; St. Paul, $205,208
Selby tunnel, $82,209); suburban, $239,902.“
EARNINGS, EXPENSES, CHARGES,
1906.
1905.
$
Both
_/$5,471,866 $5,509,0991 2,292,655
2.437,257
..$5,471,866 $5,509,099 $4,944,605
$5,140,000
Expenses, Interest and Taxes—
Stock Yards Co
1
Railway Company
($.3,431,884
Both
Net Earnings
Stock Yards Co
J $1,258,115 $1,265,357
$0.497,009\ 1,707,808
1,811,819
$3,401,884 $3,497,309 $2,995,920
$0,077,176
—
/SI ,090,866 $1,407,086
_-j$2,039,982 $2,041.790/
Railway Company
625,408
554,847
$2 ,009,982 $2,041,790 $1,948,710 $2,062,824
Both
1906.
Balance from previous year $ 1.101,499
Dlv.- from IT. S. Y. & T. Co.)
and Cldc. June. Ry.Co._l 1,800,900
Interest
Total
Payments—
General expenses, &e
Interest..
'Common divide ml (8%)...
Preferred dividend (6°o)
.
.
Depreciation
Miscellaneous
.
$2,072,098
$62,600
660,000
520,000
090.000
$65,412
660,000
520.000
090.000
.
$72,975
660.000
520,000
090.000
.
5.000
5,000
-
1
55/000
5.666
$ 1,647.975 $ 1 .607.600 $ 1 .690.4 12
$1,014,025 $1 .101,499
$890,679
$681,686
$ 1 ,62 1 ,407
Total
Surplus to balance sheet.
$2,905,402 $2,749,474 $2,501,282
.-.
.
$522,9 20
,829.809
19,006
1,829,809
*
.
1900.
1904.
$681 .685
19.758
1,855,795
$46,407
660,000
520,000
090,000
-
-
1905.
$893,679
(track, $122,999;
ETC.
1900.
$
1904.
$
4,269,408
4,042,230
08,672
21.709
5,644,988
4,759,255
4,308,080
4,063,909
251,585
207,189
203,762
cl 66,705
cl 15,251
122,948
945,784
087,571
48,000
165,001
867,019
188,675
211,298
117,506
331,281
41,104
162,695
825,462
2,625,080
3,019,609
2,119,145
2,640.118
1,957,036
2,351.045
1,878,050
2,185,889
1,427,428
210,000
952,500
1 ,050,797
Divldends on pref. (7%)
Dividends on com. (5%)
210,000
881,088
2911,000
210,000
825.550
731,041
210,000
825,550
2,589,928
719,681
2,142,185
1.946.550
Balance
404,492
«206,269
1 ,766,591
419,298
198,220
55.10
Other sources
Expenses—
054,041
240,200
General expenses
Malnt. of equipment
Malnt. of way & struct.
195,024
467,264
Operating power-plants
48,000
152,522
1,167,999
Insurance
Injuries and damages
Car service
Total
operating
1 13,491
400,574
48,000
Approp. for renew, fund
482,000
497,900
a340,000
Balance, surplus
P.c. exp. & taxes to earn
207,680
60,95
257,900
58.27
-
—
a
419,298
50.06
a In the report of 1905 this item appeared as $240,000 and the surplus as
$257,930, but after it was published the directors appropriated an additional
$100,000 for renewals out of the surplus, as stated in the report of the
President.
cThe 1904 accounts were re-arranged In 1905, the renewal funds being
withdrawn from various items in operating expenses and assembled in one
ltjem and tlie tax account
adjusted, $4,808 underestimated,
GENERAL BALANCE SHEET DEC. 31.
1904.
1905.
1906.
$
$
$
'
Resources—
Roadway, Ac., Including
securities in treasury. 09.972,152
_
,107.797
424,587
65,072
060,500
29,707
090,265
347,468
01 ,095
41,972,198
08,517,000
05,252,452
33,275,496
20.100.000
18,000,000
0,000,000
16,511 .000
0.000,000
14,086,000
82,267
021.205
252,000
16.511,000
0 ,000,000
12,607,000
115,490
Liabilities-
Preferred stock
Funded debt
0 .000,000
16,5 16,000
178,844
001,607
.
Unpaid vouchers, &e —
15,566,000
104,822
50,000
280,1 17
010,422270,850
‘
251,250
590,450
470,895
97,060
80,154
account—surplus;
590,807
456,156
206,088
206.269
84,259
200,000
41,972,198
08,517,000
05,252,451
Taxes accrued, not due.
Int. accrued, not due
payable
Dividend payable
Bills
Renewal funds
Miscellaneous
Income
Total
—V. 84, p.
.
_
-
01,820,072
19,201
1 ,310,250
125,973
34,400,587
50,627
006,716
090,004
52 .789
063,500
1
Materials and supplies..
Insurance fund
Renewal funds
1900.
$
07,020,604
09,089
receiv’le.
Notes & accts.
._
Income Account.
30,000
261,364
4,700,335
25,920
Passenger earnings
of
Railway Company
*$625,385
40,000
$
5,592,079
52,909
live-stock and car receipts
k
During the year
1906 the fund was further increased by the addition of interest on the in¬
We estimate the depreciation on the properties of the company
for the past year to be $482,000.
During the year there was
vestments.
Deduct-
Business.—The following is a comparative statement of
for the past two years :
Cattle.
Calves.
Hogs.
Sheep.
Horses.
Cars.
1906
0,029.250
413,269 7,275,060 4,805,449
126.679 293,245
380,805
7,725,708 4,706.558
1905
0,410,469
127,250 002,766
The above statement, although showing an Increase In sheep and calves*
discloses-a decided decrease In cattle and hogs, and a total decrease for the
year of about 3%.
It must be remembered, however, that in the previous
year, 1905. the receipts of live-stock were the largest on record and exceeded
those of 1904 by over a million head of all classes of live-stock.
The large
receipts of 1905 caused a depression of prices, particularly In cattle and
hogs, which was partly responsible for the lighter receipts of these two
classes of stock during the year 1906.
The natural consequence was a
rebound in prices,resulting In an Increase of nearly $17,000,000 over 1905
In the valuation of live-stock sold at tlie Chicago stock-yards during 1906.
The combined net earnings of the Chicago stock-yards and of the Chicago
Junction Railway Co. show a decrease as compared with 1905 of $1,808.
The usual policy of making large disbursements for Improvements and
betterments has been followed tills year, the increased cost of labor and
material having added materially to all such Items.
Earnings of Properties Controlled.
Gross earnings—
1904.
1900.
1906.
1905.
Stock Yards Co
JS2.651,980$2,702,743
\
earned in 1905 your di¬
renewal fund.
625.
Chicago Junction Railways & Union Stock Yards
{Report for Fiscal Year ending Dec. 31 1906.)
President Nathaniel Thayer says in substance:
Volume
date Minneapolis, Jan.
830.809
56,893,618
1906.)
{Report for Fiscal Year ending Dec. 31
President Thomas Lowry, under
21 1907, writes in substance:
708,670
60,279,612
156,007
655.000
2,457,080
Lake Minnetonka, Minn.
Stillwater,
Paul.
46,000
61 ,488,169
68,090
St.
106,925
2,901 ,878
73,438
1,504,184
Minneapolis,
car
2.987,507
65,560
0,067.000
City Rapid Transit Co. (of New Jersey).
Twin
1.169,409
2,159,219
1 ,444,781
1 .450.108
0,276,100
18,087
Consol, mortgage bonds.
Rents accrued, not due.
Int. accrued, not due
Past-due dividends, &c_
Dividend payable In Jan.
Audited vouchers...
Audited pay-rolls
Taxes, not due
28,900,025 28,625,601
Total
.717,247
2,640,423
1.475,615
0,687,070
0,722,251
2.512
294,090
393.
Removal Fund.—From the surplus of $257,903
rectors have appropriated $100,000 to the
1
.857,090
2,455,602
1,589,095
1
28,966,025 28,625.6011
Total
-V. JS4. p.
8,019,201
6,671,504
7,906,114
4,390,206
910,684
Suspense account
Total
Liabilities—
$3,445,477
DEC.
1904.
1,871,001
Individuals, &c
Coal
bills and sundry
accounts due
Capital stock
1900. '
1905.
S
1900.
-
12,087,258
4,251,238
$08,564,171 $41 ,226,647 $08,590,998 $36,730,025
33,700,131
05,148,52 1
07,901 ,222
04,909,052
....
'll
—
1904.
1905.
1906.
c
Earnings
Expenses
805,206
140,198
2,620,000
..
Balance, surplus
8,264,894
890,881
Add—
Interest on investments.
Dividends on si neks
Coal dept, earnings-X- .
Miscellaneous
.790,086
456.708
1905.
S
6,500,000
(j, 500,000
1906.
!
1906.
$
_
225,000
229,801
559,284
206,088
16,500
00,275,496
092.
Toronto
Railway Company.
■{Report for Fiscal Year ending Dec. 31 1906.)
President William Mackenzie, Toronto, Feb. 6, says:
General Results.—The gross earnings have now passed the three million
dollar mark, and for the year show an increase of 12.8% over the earnings
of last year.
The large expenditures of the past three years,
specially
Improving the power plant and other properties, have contributed to a
reduction in tlie percentage of operating expenses to gross income from
The net result is. therefore, an Increase
56.8% In 1905 to 52.9% In 1906.
of $276 007 In tlie net earnings which amount to, $1 463,224
Fub.
th..
„
Fr0™
,>!*•
t
account
t° pro! t a
THE
23 1907.]
$355,S54 there lias been transferred to contingent
5100,000, and the balance, $255,854, has been carried
DIVIDEXDS, ETC., FOR
SALES, PROFITS,
1906.
$
snrolus of
sum
of
account,
charged to
which account now
contingent account
shows a credit of
$1,970,653.
during the year $143,469,
this
to allowance as depreciation on the proncrt.ics
and replacing wooden by iron poles. expended
and Additions.— During the year $518,492 was
in connection with the following: (a) The puron capital account, chiefly ' new sub-station;
(.b) underground conduit for
of equipment for the
to the construction
meeting the Several sub-stations and power-house; cars; td) track exa large number of 40-foot double truck convertible
teThenn’rst supply of current from The Electrical Development Co. was
in addition
renewals of track
cpntimr
rcPM«i
447
CHRONICLE.
Gross sales
Profits
Deduct—
Divs. pief. stock
Dividends com.
...
36,158,586
3,381,884
(7%)..
stock*_
Deprec’n and renewals.
date the company lias been receiving
9*%%, ^W-April 19 the shareholders authorized an Increase of
(ion in the capital stock by the issue of lo.ono shares at par.
These
were offered to the shareholders and were sbuscrlbcd for and are now
The proceeds together with the surplus earnings lias enabled
eonipanv to undertake the capital expenditure mentioned- above and
leave; sufficient cash in the treasury for further extensions and improve¬
wherever necessary.
During the year the City of Toronto received from the company
nercentao-e on earnings, pavement charges and taxes a total of $467,365.
Toronto A York Radial Ry.—This system has had an exceedingly success¬
and shows gross earnings of $221,450 as compared with $168,462
for‘the previous year. The net earnings, after providing for operating
expenses and fixed charges, are $30,094.
Express—-Of the gross earnings n).7% represents earnings on express
business oil-the Metropolitan Division.
While the proportion to the total
earnings is small, the volume of the express business shows an increase of
63% over the previous year and every indication of a continued healthy
delivered on Nov.
<1
19, since which
imn
hares
nnirf
in)
the
ments
Taxes
fn
ful vear
j npi'^SC.
Extension.— The
Division from Newmarket
be ready for operation In
operation of this extension a
company’s business. The com¬
operation, and. with the
ready for operation, the system consists of
constructed and
Results for
Calendar Years.
1905.
1903.
1904.
1906.
earnings
Operating expenses
60,127,460 53,055,322
28,159,558 23,625,752 20.480.270 18,654,344
$3,109,740 $2,747,324 $2,444,534 $2,172,088
1,646,515 1,560,437 1.424,179 1,200.823
earnings.. .
Fixed charges
Dividends paid .
Cost of paving.
Contingent account
$1,463,225
$566,163
(6)460,241
80,966
100,000
Passengers
76.958,488 67.881.688
carried
Transfers
Gross
Net
.
$1,207,370
Total
$255,855
Surplus
x
$1 ,186,887
$1 ,020,354
$464,306
,r$394,393
(5)334.010
(5)350,000
$944,303
Assets—
Road and
(5)326,548
71 .986
$1,002,276
$790,635
$180,630
$18,078
$242,584
of the city’s percentage
$347,610 the previous year.
$971.265
$342,101
73,873
200,000
79,997
50.000
Includes1 payments
with
Net
surplus
...
$292,707. as
BALANCE SHEET DEC. 31.
1905.
|
1906.
S
|
Liabilities—
•§
1906.
?
S.000.000
I Capital
'
equip¬
3.613,373
...13,104.632 12,686.140| Bonds outstanding
70.275
244.030! Mortgages
266,064
Stores on hand
64,898
| Accrued interest. .
Accounts
receiv¬
157,291
34,3191 Aects. and wages.
165,609
able—
38,938
124.2561 Unredeem’d tick’ts
674.982
Cash
ment
fund
j! Injuries
Dividend
acct..
Profit and loss
I Contingent
.
16.364
119.439
160,055
1.970,653
50,000
compared
1905.
S
7,000.000
3,613.373
70.300
64,220
306,760
28.269
87.500
203.524
1.714.799
1904.
$
19.357,827
1,106,901 loss 707,111
875.000’
875,000
350.000
175.000
$
26,273.910
2,768.897
'
875.000
875,000
(3)375,000
(5)625,000
260,000
2,156.884
2,588,775
56.901 def2 .037.111
2.531,874
4,568,985
,008.897
3,560,087
4,745,659
2,588,775
80
1
4,568.985
2.531.874
’These were the dividends actually paid during the years
company, however, charged the dividends on its common
surplus earnings of the previous year.
BALANCE SHEET DEC. 31.
1906.
|
1905.
1906.
$
8
i
Liabilities—
Asset?—
named; the
stock against the
Props. & franchls’s26 853,093
Securities owned.. 2 ,488.554
49.402
faxes and insur
l 973,048
Ace’ts receivable.
Materials on hand. 4 ,979,815
_
2 065,579
Cash
|Surplus
Total
-V. 82,p.
1905.
$
$
23.8IN,622[Comiuou stock... 12,500.000 12.500,000
12.500,000 12,500,000
2,052,554[Preferred stock
24,936 i 1st M. 5% g. notes 2.500,000 3.000.000
1,826,112 IPurch. money M._
310,000
310,000
4.920.2531 Ace’ts & bills pay. 5.381.119 4.156.381
878,040 j Accr’dsal’y & w’g's 201,763
184,018
|Accrued interest..
52.200
62,593
j Accr’d pref. divs..
38.409.491 35.520.517 i
Total
218,750
4.745,659
3S,409,491
218,750
2,588.775
35.520.517
456.
extension of the Metropolitan
.Jackson’s Point has been completed and will
the coming spring.
It is expected with the
verv material increase will be made in the
pany at the present time has 49.9 miles under
to
mileage now
75.7 miles.
Balance,.surplus
surplus
Previous
CALENDAR YEARS.
1903.
,000
_
nhosp
1905.
$
The Mackay
Companies.
(Report for Fiscal Year ending Feb. 1 1907.)
The trustees make the following report:
' /
Acquisitions.—The Mackay Companies owns the whole or part of the
capital- ,ock of 102 prosperous cable, telephone and telegraph companies
in the United States, Canada and Europe, including the entire capital stoek
of tiie Commercial Cable Co. and the various companies constituting the
land line system known as the Postal Telegraph.
It is the policy of your
trustees to make the basis of the Mackay Companies so broad and diversified
as to render impossible any fundamental Impairment of tiie value of tiie
preferred or common shares. Accordingly, your Investments Include
stocks In submarine cable companies in the Atlantic and Pacific oceans, and
In the Postal Telegraph land line system, and in dividend-paying stocks In
the best telephone companies.
The Mackay Companies is by far the largest
stockholder in the American Telephone A Telegraph Co., commonly known
as the Bell Telephone Company,' Its holdings being more than four times
those of any other stockholder in that company.
Your trustees believe
that the present friendly relations with that company should be cemented
in the Interest of the shareholders of both companies and also of the public
at
large.
borrowing
that the
boon Issued in
strengthening
dividends than
preferred
Companies
issued ex¬
shares
have not been Increased during the past two years.
The Mackay Com¬
panies in its investments confines Itself to first-class cable, telephone and
telegraph stocks.
The shares of the Mackay Companies were listed on
the New York Stock Exchange on Jan. 23 1907.
Dividends have been regularly paid on the preferred shares since April
1904 at the rate of 4% per annum, payable quarterly.
Dividends have
been regularly' paid on tiie common snares since January 1905, suoh divi¬
Capitalization, AC.—Notwithstanding these days of money
and mortgage giving, your trustees are again able to announce
Mackay Companies has no debts.
During the past year $9,354,400 preferred shares have
exchange for stocks of corporations
which. In addition to
the position of the Mackay Companies pay as much or more
the corresnondlng dividends paid on the Mackay Companies
The entire authorized preferred shares of the. Mackay
shares.
have now' been Issued, and no further preferred shares may be
cepting on a vote ot the shareholders.
The outstanding common
payable quarterly, com¬
subordinate oompanles of
392.
tiie Mackay Companies Is largely In excess of the amount required to pay
these dividends, but Its policy is to obtain from its subordinate companies
only enough money to meet the dividends on the Mackav Companies’
Pressed Steel Oar Co., Pittsburgh, Pa.
shares.
If the entire profits of the Commercial Cable Co. and Its land line
system for 1906 were paid to the Mackav Companies, as might legally' be
(Report for Fiscal Year ending Dec. 31 1907.)
done, and if the Mackay Companies used all these profits, together yvlth
its income from other Investments, for the payunent of dividends, the
Ptesident F. N. Hoffstot says in substance:
amount would be sufficient to increase y'ery largely the present dividend on
General Results.—-The gross sales for the year were $36,158,586 and tlie
the common shares, after paying the full dividend on tne preferred shares.
net profits were $3,381,884.
These net profits are after making liberal All surplus earnings are left in the treasuries of tiie subordinate companies
charges on account of renewals atul they result from the operations of your
for extensions and the development of the business and the increase of
plants, except $225,000, which was a dividend from the Pennsylvania Car
reserves.
Wheel Co., the entire capital stock of which is owned by your company.
During the year 1906 the earnings of the Commercial Cable Co. (which
The full operation of tile subsidiary companies during tlie past year re¬
lias paid regular quarterly dividends for over 17 years) have shown sub¬
quired the employment of their working capital as well as their earnings;
stantial gains in gross receipts and net profits, on both the ocean and land
therefore no dividends have been declared by such subsidiary companies
After paying the dividend on Its stock, a large amount remain¬
syitems.
(with exception mentioned above) and all net profit earned by each has
ing was carried to reserve. In accordance with Its long established policy.
As required by the provisions of your
been added to its working capital.
The land line system (the Postal Telegraph) Is being constantly ex¬
first mortgage securing the issue of notes the fifth annual installment thereof
tended. and also shows substantial Increased gross receipts and net profit’s
"'($500,()U0) maturing this year has been paid.
over tiie previous year.
Improvements, Additions, Ac.—No dividends have been paid in the past
Extensions.—Tiie Commercial Pacific Cable Co. during 1906 laid sub¬
year on the common stock for the reason that it was deemed improvident
marine cables to China and Janan, and those cables are now In complete
so to do in view of the large amount spent during the year on improve¬
working order.
ments, and for the further reason of taking care of the increased volume of
On Dec. 6 1996 the forty'-year monopoly of ail telegraphic and cable
business on hand and anticipated.
The Improvements begun In 1905 were business between Cuba and the United States, granted by the Spanish
1906.
The
of
improve¬
completed in the fall of
greater part
the money for
Government in 1866 to the International Ocean Telegraph Oo., and later
ments was spent at the McKees Rocks plant in building a steel passenger
acquired by tiie Western Union Telegraph Co., came to an end by the ex¬
car works and In increasing the freight capacity of that plant to the extent
piration of the forty' years.
Your trustees applied to the American Gov¬
of 50%.
These extensions necessitated the re-arranging and strengthening
ernor in charge of the provisional government of Cuba, for the usual permit
of tiie air, water, steam and electric appliances of t he remainder of the plant,
for the landing and operation of a submarine cable between the two coun¬
the installation of a new forge plant capable of mailing all the forgings re¬
tries, and such permit has Just been granted.
In order to make this Cuban
quired for McKees Rocks works, and other minor Improvements.
The ■service equal to the service of tiie Commercial Cable Co. In the Atlantic
balance of the money expended in improvements was used at,.the Allegheny
Ocean, and tiie Commercial Pacific Cable Co. in tiie Pacific Ocean, and the
works in enlarging the paint shop, building a shop for the construction of
Postal Tcleg. Co. throughout the United States, your trustees have decided
tank cars, and the increasing of the power (air. water, steam and elec¬
to lay a submarine cable direct from New York City to Havana, thereby
tricity).
All these Improvements, besides increasing capacity, have been
glyfitig a three-minute service as against an ay'erage thirty-minute service.
made looking persistently to the reducing of the cost of production
The entire cost of this important extension to Cuba will be paid out of cur¬
Steel Passenger Cars.—The operation of the steel passenger ear shop did
rent profits.
not contribute to our earnings for the reason that education of men in a new
Passes Abolished.—On Jan. 1 1907 all free passes were abolished on the
line of industry is expensive and tedious, and full output of work cannot be
Postal Telegraph system.
During the past twenty years tills free pass In¬
secured at once: but we have gone far enough to know that we can produce
cubus had grown to formidable proportions, and its elimination will be con¬
first-class fire-proof passenger car with only a slight increase in weight
ducive to more rapid and efficient service, as well as Increased income.
over the present wooden type, but at an increased cost.
Purchase of S'oek by Employees.—The cable and land line systems have,
The question as
to how great will be the pecuniary benefit from this department must be
during the past y’ear, put into successful operation a plan whereby the em¬
left to the future, as the railroads at the present time when there Is an
ployees of the organization are given an opportunity to purchase preferred
urgent demand for better service, and the various State Legislatures are
shares In tiie Mackay Companies, and to make payments therefor by In¬
Insisting on lower rates, naturally show hesitancy In doing anything that
stallments.
will Increase the cost of-their equipment.
Our experience convinces us
PROFIT AND LOSS ACCOUNT FOR YEARS ENDING FEB. 1.
1906-07.
1905-06.
that until there has been a much larger volume of business presented, the
cost cannot be substantially reduced.
719.595
Income from investments in other companies . . $3,310,328
$2
Purchase of Pennsylvania Malleable Co.—During the year we purchased
Dividends paid on preferred stock.
(4%>$1,744 452\ $2 332,492
$200 .non of the first mortgage bonds of the Pennsylvania Malleable Co. and
Dividends paid on com stk (see “.t" below) .(3%) 1,241,412/
purchased from the Pennsylvania Car Wheel Co. all the stock of the Penn¬
Opcr. expenses. Inch transfer agents, registrars’
23,1 86
sylvania Malleable Co., which stock the Car Wheel Co. had purchased on
and trustees’ fees, office rent, salaries, &c . ..
24,625
deferred payments amounting to about $225,000.
During the year the
deferred payments were completed and this stock was sold to tlie Pressed
$36.3,917
$299,829
Balance carried forward
Steel Car Co. at cost and interest.
(V. 82, p. 456.)
Canada Car Co.—The Canada Car Co.. Ltd. plant (V. 8*3, -p. 157) is
x The dividend rate on the common shares, theretofore 1% semi-annually,
now in successful operation, producing goo 1 output; but it has been deemed
in January and July, was In October last changed to 1% tier annum, with
unwise to declare dividends on the preferred stock (which are cumulative)
the
payment of a quarterly 1% on Oct. 1, making 3% in all for the calendar
as it is necessary to carry in Canada a larger inventory, owing to climatic
year 1996. —Ed.
conditions, than would be required in the United States, and further be¬
BALANCE SHEET FEB. 1.
cause the plant constructed was more comprehensive than contemplated.
1906.
i
190#.
1907.
1907.
During the incoming year it is probable that provisions will be made for
extension of the plant and for permanent working capital, which will
Assets—
$
S
i Liabilities—
8
$
permit of dividends on its stocks being declared regularly.
The earnings, Investm’ts in other
! Pref. shires issued 59,999,000 40,045,600
with an operation of less than nine months, which Included getting together
comnanies
.91,887,488 82,336.3321 Com. sh ires issued 41,38 1,499 41,389,400
an organization, were in excess of the fixed preferred dividends and all
220.459
Cash
117.386! Balance, profit ..
727.547
427.718
other charges, so it would seem that it will not be a long time until the com¬
.92.1)7.0 47 82,453.718
:92.107.947 82.453.718!
Tati!
mon stock owned by your company, on which no value has been .placed
Total
in your company’s .accounts, will be a valuable asset.
1
Total
-V. 84, p.
14.211.287 13.088.7451
Total
14.211,287 13,088.745
dends having been Increased to 4% per annum,
mencing July 1906.
Income of Sub-Companies.—The Income of the
.
a
.
..
448
THE CHRONICLE
EXTRACTS FROM STATEMENT TO N. Y.
STOCK EXCH. JAN. 18, 1907
The Mackay
Companies owns the whole or part of the
capital stock
of 102 came,
telephone and telegraph companies in the United
Canada and Europe,
Including the entire capital stock ($23,000,000) States,
of the
Commercial Cable Co. and the various
companies constituting the land line
system known as the Postal
Telegraph.
The Mackay Companies is the
largest stockholder in the American
Telephone A Telegraph Co.
The
Mackay Companies does not own any real
indebtedness has been Incurred or authorizedestate, and no bonded or other
by it.
LIST OF THE CORPORATIONS IN
WHICH THE MACK A Y COMP 1N1ES O WNS STOCK
(CLASSIFIED B Y THE “CHRONICLE.")
(1) Commercial Cable Co. and
Postal-Telegraph Cable Co. system.
Commercial Cable Co. (V. 70,
New England
p. 2500).
Telegraph Co. (New York).
Comin’l Pacific Cable Co.
(V. si, p. 070). Ohio Postal Telegraph Cable Co.
Atlantic Postal Telegraph Co.
Postal Teleg. & Cable Co.
(Colorado).
Atlantic Postal Telegraph Cable Co.
Postal Teleg. & Cable Co.
(Conn.).
Hoard of Trade Telegraph Co. of Illinois.
Postal Teleg.-Cable Co. of Indiana.
Postal Teleg.-Cable Co. of Iowa.
Com’l Cable A
Telegraph Co.
Postal Teleg.-Cable Co.
Comm’l Union Telegraph Co. of N. Y.
(Kentucky).
Postal Teleg.-Cable Co. of
Massachusetts.
('omm’l Union
Telegraph (Jo. of Maine.
Pacific Mutual
Telegraph Co. (Missouri).
Comm’l Teleg. A Cable Co. of
Louisiana. Postal Teleg.-Cable Co. of
Montana.
Champlain Telegraph Co.
Postal Teleg.-Cable Co. of New
Jersey.
Chicago Milw. A Lake Sup. Teleg. Co.
Postal Teleg.-Cable Co. (New
Mexico).
Commercial Cable Co. of Massachusetts.
Postal Teleg.-Cable Co. (New
York).
Deutsch Atl. Telegraphen Cesellsehaft.
Pacific Postal Teleg. Cable Co.
(N. Y.).
Direct West India Cable Co., Ltd.
Postal-Teleg. Cable Co. (Oregon).
Dominion Teleg. Co. (stock is
Postal Telegraph Co.
$1,000,000)
(Pennsylvania).
East. Exteasion Australasia &
China Postal Teleg. A Cable Co.
(Penn.), Nos.
Telegraph Co., Ltd.
1,2 and 3.
Eastern Telegraph Co., Ltd.
Postal Teleg. & Cable Co. of Rhode
Isl’d.
<it. North’n Teleg. Co. of
Copenhagen.
Postal Teleg.-Cable Co. of Tennessee.
Halifax A Bermudas Cable (Jo., Ltd.
Postal Teleg.-Cable Co. of Utah.
Indo-Europcan Telegraph Co., Ltd.
Postal Teleg.-Cable Co. of Washington.
Kansas Postal Telegraph
Cable (’o.
PostaLTeleg.-Cable Co. of Illinois.
Lehigh Telegraph Co.
Postal Teleg.-Cable Co. of West
Virginia.
Michigan Postal Telegraph Co.
Southern Atlantic Teleg. Co. or Balto.
So. Araer. Teleg. Co. (V.
S2, p. 456).
Texas Telegraph Co.
X. Y. Phi la. A Norf.
Telegraph Co.
Western Teleg. Co., I.td., of London.
New England
Telegraph Co. (Mass.).
Com’lCableCo.‘ofCuba(V.83,p.690)
(2)
Western
.
Telegraph Co. system.
(Compare list in Western Union statement, page 184 of
“Railway and
Industrial” Section.)
Western
Union Telegraph Co. (parent
company, V. S3, p. 1475, 1361,889).
American Telegraph A Cable Co.
Chic. A St- Paul Teleg Co.
(V.sl ,p.510).
Franklin Telegraph Co.
Cold & Stock Teleg. Co. (V.
SO, p.
Illinois A
Mississippi Teleg. Co.
Telegraph Col
p. 216).
Ir. 81).
p. 528).
1426). Southern A Atlantic Telegraph Co.
(3) Cable' anil
Telegraph Companies Class,
Anglo-Amer. Teleg. (Cable) Co., Ltd.
Direct United States Cable Co.
Mexican Teleg. Co. (V. 82.
p. 1500).
;
il
Coalition
Mining Co., but 95% of the entire capital
stock
the treasury of the
United
Leading Assets of United Copper Co.
February A907.
Capital Stock (V. 82, p. 091;
V. 74, p. 942)—
Authorized.
Issued.
Owned.
Montana Ore Purchasing Co
$2,500,000
All
Nipper Consolidated CopperCo. 3,750,000 $2,020,825
3,250,000
05%
Minnie Healey Copper Min. Co. 2,000,000
2,000,000
95%
Corra Rock Isl. CopperMln.Co.
2,000,000
2,000,000
95 %
Belmont Copper Mining Co
1,000,000
1,000,000
Butte Coalition Mining Co.
95%
(V. 83, p. 08)
In addition the United
15.000,000
Copper Co;
15,00) ,000
Par of
Shares.
$25
25
1
1
1
about 1(C,
15
or some of
the subsidiary
have numerous mining
companies
investments, among which are the
Ohio Copper Co
the Stewart Mining Co.,
Bingham Consolidated, Lexington Mine
Davu.
Daly, &c.
Income Received in 1903 from Bultc
Coalition and Montana Ore
Purchasing,
(1) Dividends Declared.. (Per share and
per cent.)
Dec. 26 ’05 A pr. 30 ’06
July 31 ’06 Oct. 31 ‘06
Montana Ore PurchaslngCo.$15=00
Total
_%
Butte Coalition
'
Mining Co
$10=40% $10=40%
Sept. 17 ’06.
$10=40% $45=180%
Dec. 17 ’06.
40c=2 2-3% 40c=2
(2) Received Therefrom by United
Copper Co.
Montana Ore Purchasing
Co.—180% on $2,020,825 stock held
Butte Coalition
Mining Co.—5.33 1-3% on $1,500,000 stock held
Total received therefrom
Annual dividend reouirements of
United
and 7% on common (see
above)
Balance, surplus,
Copper Co.
at
6%
on
2-3% 80c=5 1-3%
$3,637,485
S0.000'
preferred
$4 -717 485
3 450 000
_
basis of receipts from said
companies
on
$267 485
Butte
American
Teleg.Co.(V.s2.p
755, 513) sold the
p.
of the corporations is still in
Independent.
as
Cent. A So. Am.
82,
Coalition Mining Co. last week
declared a
quarterly dividend of 50 cents a share (3 1-3%),
payable
March 19, contrasting with 40 cents
previously as above
shown.
The Montana Ore
Purchasing Co. also paid on Jan.
29 1907 the
regular quarterly dividend of $10 per share and
an extra dividend of
$5 per share, total $15.
being equal to
60%.—V. $4, p. 343, 107.
International Ocean
Northwestern Teleg. Co. (Y. 79.
X. Y. Mutual Teleg. Co. (V.
47,
Pacific A Atl. Teleg. Co. (V.
18.
The company last
spring (V.
The
Union
[VOL.I.KXXIV,
1499).
Montreal Teleg. Co. (stock is
§2,000,000).
Sugar Refining Company.
(Balance Sheet of J)cc. 31 1906.)
The company,
following its usual custom, has filed with
the State of Massachusetts its
balance sheet of Dec. 31
(4)
Companies Belonging to Bell
Telephone System.
(See Capitalization D< C. 31
1905, U. 82, p. 699)
Amer. Teleph. A- Teleg. Co.
(parent com¬ Nebraska Telep. Co*. (V. 83.
p. 93).
pany. V. 84. p. 273, 160, 105: \
82. New England Tel. A Tel.
Co. (V. ;s2.
p. 689. 1371).
p.
1376.
1326.).
Hell Co. of Buffalo
(V. 82, p. 1374).
N. Y. A X.
Tel.
Co.
(V. .84. p. 224).
Hell Tel. Co. of Canada
(V. 83, p. 3S1).
Pac. States Tel. A Tel. Co.
Hell Tel. Co. of Missouri
(V. 84, p.
(V. 84. p. 392).
163,54).
Hell Tel. Co. of Phila. (V.
S3, p. 1592).
Pennsylvania Tel. Co. (V. 84. p. 842).
Central District A
Printing Teleg. Co.. Pioneer Tel. A- Tel. Co.
(V. 83. p. 690).
Pittsburgh (V. S4, p. 392).
Providence Telephone Co. (V. 79,
Cine. A Suburban Tel. (Jo.
p.1334)
(V. 84,p.161). Rocky Mtn. Hell Tel. Co. (V.
,82, p. 1377).
Colorado Teleph. Co. (V. 83.
p. 1526).
Southern New Eng. Tel.
CmubTd Tel. A Tel. Co. (V. 84.
Co.(V.84.p.275).
p. 393). Western Tel. A Tel. Co. (V.
83. p. 499).
Hudson Itiv. Tel. Co. (V. 82.
p. 1376).
Bell Licensee—Independent
Mo. A Kans. Tel. Co.
Ownership —
(V. 84, p. 274).
Michigan State Tel. Co. (V. 83. p. 1232).
(5) Independent Telephone
Companies.
Citizens' Tel. Co.. (4rand
Rapids (V. s2, Tri-State Tel. A Tel. Co.
(Minn.) (V. S3,
p. 807).
p. 822).
Kansas City Home Tel. Co.
(V.80.p.2624) Youngstown (O.) Telephone Co.
(V. so,
p. 1239).
as
below:
.
.
.
_
companies
Total
Liabilities—
Capital
Debts
—
j
31
1907.)
j
Heinzo, noted
In connection with the offer
of President
Feb. 9 (p. 343), to give in
exchange for each Si00 of
the preferred stock $125 of
common stock, there were issued
circulars giving the
account for
following balance
1906-07, from
nearly 14%
panj' earned
while paying
only 7%.”
sheet
and
income
which ‘‘it appears that the
on
its
common
To these exhibits
com-
stock last year,
append some
further facts revised for the “Chronicle”
and also tIk* income
account of the year 1905-06.
President Iieinze in one of the
circulars
says:
Should you accept the
accompanying oiler of the undersigned to exchange
preferred stock for common stock,
you would increase your Income
nearly 50%, Irrespective of the
probability of increased dividends which
may be declared this year on the common
stock, which Is likely to be placed
upon the same dividend basis as
Amalgamated*, in which event there is no
reason why United
Copper common should
not sell at tlie same
price as
I also call your
attention to the superior
the broad market which exists
advantages of
for the common as
compared to the narrow
and limited market for the
preferred.
Income Account for 13 Months
ending Jan. 31 1907 and Year
ending May
31
1906 (V. 82.
p. 13201.
Amalgamated.
13 Mas. 1906-07
.(
__
Dividends Paid—
Preferred dividends (year)
Common dividends (yean
r _
Common dividends, Jan.. 1907.
.
_
(1 s, %)787.590
Total dividends.
Balance, surplus
Surplus brought forward
Total
$6,050,473
(6%)$300,000
(7%)3,15<),ooo
.
Year 1905-06.
$2,695,087
(6%) $300,000
(4 C, %) 2,025,000
$4,237,500
$2,325,000
$1,812,973
*/$3,827.159
$370,087
surplus
(?»
$5,640,132
3.827,159
Includes net income year 1906,
$4,840,771,
and
Jan.
1907.
$1
,209,702:
total, $6,050,473.
y Including “undivided
profits ” $1,151,865.
.r
BALANCE SHEET JANUARY 31
1907.
!
Liabilities—
cos. (in, Preferred stock
eluding ButteOoalition
1 Common stock
MinlngCo.)
$51.281,269
i Surplus from Jan. 31
Net accounts receivable.
3.153,073
Cash in banks
1,205.790
Assets—
Stocks of subski.
_
Total.
$55,640,133,
HE
Total
$ l.OOO.OOO
4 >.000.000
;
>.640,133
.$55,640,133
1903.
S
38,659.443
16,658.732
24,936,523
35.180,057
34,683,022
12.338.661
50,988.467
54,058,547
54.212,196
51 .986,127
35,051,343
38,320,033
9(1,000, non
90
40.526,459
48,734,384
13.785,71 1
90.000.0(10
31 .922,032
1 2 .265.836
144,533,599 152.520,095
134.187.868
35,359,038
14,425,900
_
in:
14,007.138
,000,000
Output.—Willett & Gray's “Sugar Trade Journal” of this
city on Jan. 3 gave the following estimate* of the amount of
refined sugar consumed in
CONSUMPTION
_
United States:
OF REFINED SUGAR.
1906.
1
,408,503
1,325,692
2.760,343 tons
2,506.680
1 .031 .831
300,059
19,950
—
1905.
tons
tons
tons
tons
j Foreign refiners._
Total consumed
the
-Calendar Year
Produced by—
Amer. Sugar Relining Co.
Independent reliners
Beet sugar factories
Per
•c< nt.—
1905.
51 .03
52.89
37.38
37.48
10.87
8.79
1 906.
tons
939,557 tons
220,477 tons
20,954 tons
tons
.72
.84
100.00
ino.oo
The National Sugar
Refining Co., included with the independent reliners,
produced about 326.000 tons in 1906.
against 296.000 tons in 1905.
On the basis of Willett
is obtained in cents:
Average Price—
Granulated sugar
Raw sugar
_
.
Difference.
Gray's calculations, the following
1906.
.4.515
.3.686
1905.
5.256
4.278
1904.
4.772
3.974
1903.
4.638
3.720
1902
4.455
3.542
190 1
5.05O
4.047
1900.
5.320
4.5 6 6
.0.829
0.978
0.798
0.918
0.913
1 .003
0.754
_
_
_
we
your
Net income
_
Total
v. 82. p.
1904
$
35,156,876
90.000,()()()
________
Reserve
(6) District Telegraph
(Messengers, Ac.) Companies.
Dist. Tel. (>>. of N. .1. (V. 82,
p. I Am. Dist. Tel. Co. of Phila. (stock is
1435).
$491).009).
Am. Dist. Tel. Co. of
Hoboken (stock is I Boston District
i
Messenger Co.
$25,000).
|
Postal District Messenger Co., New Jcr.
V. 84. p. 394. 224.
j
1905.
$
36,029,220
36,731,272
16,035,978
139.784,937 144,533,598 152,520,095 134.187.868
_
Amer.
United Copper
Company.
(Statement for 13 Months
ending Jan.
1906.
$
Assets—
Real estate, Ac
Cash and debts receive_
Sugar, raw and refined.
Investments
in
other
.
Granulated sugar opened Jan. 2 1906 at
4.45; from Sept. 13 to Sept. 27
stood at 4.75. then fell off to
4.55. recovering at the
Raw
sugar-opened the year at 3.625 and closed at 3.58. the close to 4.62.
hlghost price for the
year being 4.125 on Sept. 20. — V.
84, p 105.
Manufacturers’ Light & Heat Co.,
Pittsburgh, Pa.
(Report for Fiscal Year ending Dec. 31 1906.)
President H.
B.
Beatty
says
in substance:
Wells, Pipe Lines, Leases.—During the
year 10 wells
75 wells were drilled, of which
41-were productive of
unproductive, and
4
were
sold and
16
were
purchase!?and
gas, 12 of oil. and 22
abandoned, having ceased to be
productive.
These productive wells,
together with those heretofore in
operation, make a total number of wells
operated
on Dec. 31 1906 of 1.131.
Of the 22 unproductive wells
abov.c mentioned, 13 were shallow wells,
costing only about $1,000 per well.
During the year 23.26 miles of pipe
were lifted and 105.84 miles
wore laid.
The total number of miles of
pipe
lines operated by your
company on Dec. 31 1906 was 2,897 miles.
The
company now holds under laase 476,214 acres
of gas and oil territory
situated in Pennsylvania. Ohio
and West Virginia, of which amount
98,850 acres are operated and
377,364 acres are held'in reserve lor future
operation.
Output.—The company sold during the
year 39.088,478,000 cubic feet
of gas. being an increase for
the year over 1905 of
1,019,189,000 cubic feet,
or an average Increase
per day of 2,340.000 cubic feet.
The average dafly
delivery for the year was 106,799,000
cubic
feet.
There has been an
Increase during tlie year of 4.233
consumers on your lines. The total num¬
ber of present consumers Is
61,919.
Contract with Fairmont Oil & Gas
Co. — In July we executed a contract
whereby tHe Fairmont Oil A Gas Co.
agreed to furnish us if desired 30.ooi).000 feet of gas dally for a
period of six years.
Under the terms of the
contract, we were to secure
delivery beginning Oct. 15, but owing to the
delay In pipe deliveries and other causes,
we were unable to complete
pipe lines so as to secure any gas under this
agreement before Dec. 8. since
which time we have been
taking about 10,000,000 feet a day under the
contract.
Underwriting
of Floating Debt.—As you were notified
by Bpeclal letter xo
the stockholders In
December
entered Into an agreement with (compare V. 83, p. 1594) the company
the Colonial Trust Co.
whereby the latter
underwrote the floating debt,
aggregating about $4,200,000. extending
over a period of live
years.
THE CHRONICLE
1907.]
Feb. 23
siuvoension of Dividends.—As tlie entire bond redemption charges fo
«
vear ii»o7 are uue and must oe paid by June 30,as well as $350,000
riu* uiviin-nts on account of the floating debt, under the terms of said
i
t
Central New England Ry.—Committee Asks Deposits of
General Mortgage Bonds and Preferred and Common Stock.—
At the request of ti large number of the holders of the abovenamed securities Tompkins C. Delavan. ('has. Gregory and
eemeni: with the Colonial Trust Co., the directors thought it advisable
•
449
George F. Cummings (20 Broad Street New York,) have
,
sented to act
stock holders,
and minority
and its affiliated companies, counter charges
ipfiveen companies eliminated;
also statement showing the gross and net
arninsrs expense and investment for the year 1900.
In connection therc9rh we wish to call attention to the fact tliat after charging off $224,430
fnr drilling of new wells, &c\, we then charged all of your investment for
tin* new pipe lines, meter connections, service lines,
&c., amounting to
15'’5 to profit and loss, and in addition to tills paid off an account of
vour’debt $007,533, which increased tlie value of your property to stock¬
holders by tlie sum of $1,043,473. for which no credit lias been entered
laiance
slieet of the company
way,
books.
The balance sheet for Dec. 31 1900 is a consolidated report for
all companies.
On Dec. 31 1905 tire balance sheet submitted (V. 82. p.
too) was for The Manufacturers Light & Heat Co. alone. To the state¬
ment of Dec. 1905
bond account you should add $220,500 for bonds of
trust
company of $l,()()a for each general mortgage bond deposited, and
preferred and common'stock shall be similarly delivered upon the
deposit ol such money as the committee shall certify has been procured
upon the sale thereof.
The trust company shall pay to the parties holding
its receipt for bonds and stock the money so received less the
following;
the
Bonds.
underlying
companies, making total of bonds less sinking fund outstanding
bonds outstanding,
held for said com¬
5% to the committee for its services; for the sale of the stock, U % of the
obtained therefor;
and for expenses not exceeding L % of the
total bonds deposited.
If an agreement be made with the New York New
Haven Ac Hartford RR. Co. for the regular payment of Interest upon the
said bonds, then the committee shall be entitled to a commission of 5%
upon the face value of the bonds and a further 1 % to cover expenses.
Should no sale be made within eighteen months from Feb. 14 1907, then
the bonds and stock are to be returned.—V. 81, p. 840.
Dec 31 1905 of $9,005,500. The present amount of
including all companies, and less cash in sinking fund
on
amount
$8,221.000.
panies, is
Result of Operations for the Calendar Year 1906.
(The Manufacturers Light Ac Heat Co. and its affiliated companies.)
$4,872,223 [Charged to profit and loss.
$13,110
Gas sales —
224,420
Oil sales... - 229,233 Drilling new wells.
Interest
,
223,342
34,3u4
Electricity sales
544,789
Artificial gas sales
946 Interest and tax on bonds.
1,393
Water sales
Other sources.
Total deductions
Income available
29,129,
Operating expense
Changing construction
.
Gas purchased
Taxes
material”
80,013.
47 ,342 i
Surplus applied to
$3,687,749 j
Consolidated Balance Sheet Dec. 31
1906.
Blutfton, Portland and Union City, making a main line trackage of 75 miles;
30 miles, from Portland to BlulTton. is now in operation, and construction
is under way to connect north at Huntington with the Erie and south at
$35,260,193 Capital stock
..$21,500,000
628,600 Bonds, less sinking fund.
8,221,000
Bills payable
348,68
1
x\,029,519
534,534 Accounts payable
107,507
14,153 j Accrued interest on bonds
102,134
] Accrued tax on bonds
32,196
(Security deposits..
72,107
Surplus
2,721,699
Treasury stock
Cash...
Accounts receivable
Bills receivable.
$104,822
59,473
The road directly connects four county seats in Indiana, viz.; Huntington,
Liabilities—
Assets-
BaL.sur.
(9%)$1 ,620.000
CJ%) 1,620,000
1,679,473
advertisement says:
tManufacturers’ Light Ac Heat Co. and its affiliated eompanie s.)
Property
.$7,871,126
7,322,080
years:
Dividends.
Cincinnati Bluffton & Chicago (Steam) RR.—Bonds Of¬
fered.—\Y. J. Hayes A Son, Cleveland, Ac., are offering for
sale the unsold portion ($900,000) of the total authorized
issue of $1,500,000 5% first mortgage gold bonds of $1,000
each (e*), due Sept. 1 1933. - Interest payable March 1 and
Sept. 1 at Title Guarantee & Trust Co.*, New York. Ail
811,525
pay¬
dividends
of
...
Xet.
$1,724,822
—V. 84, p. 338.
(41*%, $945,000.Ed.)
and reduc. of lndebt.$l,870,562
Total oper. exp. A: taxes$l ,479,529 |
edrnings
56,14o
Gross.
1906
1905..
$1,005,661
$2,682,088
43.91H
ment
Net
Chicago City Ry.—Earnings.—Fur calendar
Year.
$5,167,2781 Improvements &
extensions
I
$755,385
$1,308,263 i Wells (81) ‘‘new
Total gross earnings.
Expenses.
a
The committee are hereby appointed our attorneys and agents, and are
authorized to bring about the sale or the payment of regular Interest
upon the bonds respectively held by us.
The bonds are to be delivered
to the committee or to others upon their order,
upon the deposit with the
the
on
con¬
protective committee for the bond and
and request the prompt deposit of those bonds
shares with the Empire Trust Co., 42 Broad¬
Now York City. The agreement provides in substance:
as
Union City.
At Union City connection is made with tlie C. H. & D. (Erie)
Ry. via the Dayton & Union Ry. to Dayton. Ohio, thus forming a 97-mlle
cut-olT between Chicago, ill., and Cincinnati, Oiiio.
Official Statement of Earnings for Calendar Year 1906.
Gross earnings
$30,6371 Interest
$10,659
Net earnings
$7 463 (Taxes
2,300
Miscellaneous income3,7481
.
Total
$36,786,162 j
Under agreement of Dec.
See V. 83, p. 1594.
x
Compare report lor 1905
Total
.
$36,786,162
in V. 82,
390;
p.
also
V. 83,
see
p.
1594;
S. II.
ager;
Union Switch &
Signal Co.
(lit port for Fiscal Year ending Dec. 31 1900.)
Gross receipts
•Surplus over interest..
Dividends on com. ( ",',)
Divs. on pref. (%)
.
.
_
.
..
1906.
1905.
1904.
1903.
$5,057,1 11
1,055,332
(9)157,226
<10)52,248
$2,980,890
409,667
(8) 119,936
(10)49,760
$2,486,840
358,841
(8) 119,896
(10)49,760
$2,132,835
329,321
(6)86,083
(9)44,784
1475.
1906.
S
Assets—
Cash
268,845
Bills & ace ts rec 1 ,564,734
Mat'is in''stock. 1,192,613
Real est. & bldgs
633,226
.
1905.
|
$
i
—
Liabilities—
Common stock
..
payable
504,052
soo.ooo
.
1905.
$
443,675
514,299
476,436 | Unclaimed divs.
1,353
Surplus account 1,956,287
1 ,026,033
800,000
tion”
its name,
increased its authorized issue of stock to $50,000,000, and made an issue of bonds limited to $25,000,000. The
Cincinnati Gas & Electric Co .finis been taken over under
lease, and most of the capital stock of the Cleveland Gas &
Light A Coke Co. and of the People’s Gas Light Co. of Cleve¬
1,498,700
497,600
369,000
4,445
4.967,915 3,905.632]
1475.
Total
land has been acquired.
in V. 83, p. 1231, 1292.
...4,967,915 3,905,632
Cleveland & Southwestern Traction
1906.
BALAXCE SHEETS JAX.
The meeting of the stockholders of tlie Ohio Central to approve the con¬
solidation deal with the Southwestern will be held on March 1.
The meet¬
ing of the Cleveland & Southwestern stockholders will be held on Feb. 28
at Berea and the C. A. Ac M. meeting will be held March 1.
The new bonds
will be dated April 1 and it. is expected that the new securities will all be
delivered by that time; otherwise interest receipts will be given.—V. 84,
$
Cash,
1904.
1903.
$4,796,942 $4,131,456 $4,216,723
p.
1, EXCLUDING SUB COM PAX IhS.
1907.
Assets—
1905.
1905.
S
1906.
S
.
& Southern Ry.—Equipment Bonds Offered.—
The Guaranty Trust Co. of New York and Hallgarten A Co.
have purchased and are offering the following 5% equip¬
ment bonds of the system r dated April 1 1907, and due in
$
_
Total assets.
Liabilities—
66,610,827 61 ,984,217
twenty semi-annual installments, the equipment covered in¬
cluding 54 locomotives, 1,075 freight cars and 14 cabooses:
60,996,033 57,372,040
Colorado A: Southern Railway Co
Fort Worth A: Denver City Railway
Accounts and bills parable.. 1.790,876
1 ,382,732
1 ,734,412
860,451
Funded debt....
14,274,000
4,517,000
4,961,000
5,088,400
Mlse. deferred liabilities
199,769
199,769
3,194
43,845
Capital stock, preferred.
14.991,321 24,230,352 24,281 ,018 24,281 ,018
Capital stock, common
25,080,868 24.151 ,870 23,873,378 23,873,377
Res’ve fds..worksaeeid’t,&c.
350,380
62,828
386,077
91,995
Front and loss
9,929,613
7,961 .947
6,108,634
2.258.999
Total liabilities
—V. 83. p. 1173. 893.
.
GENERAL
$1,026,000
376,000
Trinity A: Brazos Valley Railway Co. guaranteed, prin. and lnt..
by the Chicago Rock Island Ac Pacific Railway Co. and the
Colorado Ac Southern Rv. Co
—V 84. p. 390, 277.
500,000
Colorado Southern New Orleans & Pacific
NEWS.
indorsement
on each bond.bv the St. Louis A San Francisco
These bonds are due serially. Aug. 1 1907, to Feb.
1 1917.—V. 82, p. 980.
i RR. Co.
RAILROADS, INCLUDING STREET ROADS.
i
Canadian Northern Ry.—Government Guaranty Asked For.
Concord & Montreal RR.—See
—The “Toronto Globe” of Feb. 1G says:
I in V. 84, p. 391.-— V. 82, p. 508.
Messrs. Mackenzie and Mann have asked the Government to guarantee
tlie bonds of a proposed line from a point 9 miles above Parry
Sound, on
their Toronto-to-Sudbury section of the James Bay Ry., direct to Xortli
Bay.
The distance is about 75 miles, and tlie guaranty asked Is $20,000
a mile.
At North Bay this new lne would connect with tlie Government
railway—tin- lYminkaining & Northern Ontario—which is to be continued
to tlie junction with the
Transcontinental Railwav, in the vlcinitv of Lake
Abitibi.
v.
p.
1522.
RR.—Offering
of Guaranteed Equipment Trusts:—Rudolph Kloybolto A Co.,
New York. Cincinnati and Chicago, an* offering.at prices to
yield the investor 5^2^ 5/4% $1,000,000 5( ' equipment
trust bonds of $1,000 each, unconditionally guaranteed by
(6,616,827 61 ,984,217 60,996,033 57,372,046
INVESTMENT
338. 157.
Colorado
11)04.
accts. receivable, ma¬
terials Ac finished product. 1'5,453,946 14.636,812 13,893,309 13,508,259
Investment securities
5,807,462
4,815,94 3
5,720,559
4,105,365
Real estate
851,688
979,866
669,900
939,479
Perm't invest, in m'facture.44,503,731 41,551,596 40,712,265 38.818,943
.
Co.—Merger.—“Cleve¬
following regarding the completion of
the proposed merger per plan in V. 83, p. 1590:
Earnings for Calendar Years, including Subsidiary Companies.
Xet from oper. A: investm’ts.$5,332,802
Compare “Columbia Corporation”
land Finance” has the
{Report jar Year ending Dec. 31, including Sub-Companies.)
Wo have been favored with the following statement:
^
Ac
preferred stock and 3%
Company was incorporated
Virginia last September as the ‘‘Columbia Corpora¬
with $11,000,000 capital stock, and has since changed
E. I. du Pont de Nemours Powder Co.
Xet
1211.
in West
1906.
$
1,750,000
934.079 Preferred stock.
497,600
958,550 Bonds
319,000
593,127 | Bills & accounts
1 43,440 ’
Mach.,tools&lix-
Total
V. 83, p.
p.
The Columbia Gas & Electric*
BA LA NCE SHEET DEC. 31.
tures
John C. Curtis, Auditor.—V. 82,
Electric guarantees interest on all bonds. 4 Lj %
on common. First year increasing 14% each
year until 6% is reached, then 6% thereafter.
The Columbia will deposit
$1 250,000 cash in Cincinnati batiks as a guaranty to carry out
t- rms
in addition stockholders of C. X. Ac C. have right to subscribe for 50 % of
their holdings of either common or preferred stock in the new 5%
bonds
of the Columbia Co. which will carry 100% of common stock as a bonus.
Lease now being drawn by attorneys and will be voted on In March
by
stockholders.
$845,858
$239,971
$189,185
vear
$198,455
Xotc.—The annual dividend rates, previously 8% on common and 10%
preferred, were increased with tlie last distributions for 1906, payable
Jan. 10 1907 to 12"., on both classes of stock.
From the earnings of 1906
the common received three dividends of 2% and one of 3%, total 9%, and
the preferred received three of 2*.;% each and one of 3”5, total 10 4%.
Patents
Insur. not mat’d
Bracey.is President; \V. A Howard, Vice-President;
The Columbia Gas
on
Surplus for
p.
...$12,958
$1,747
Cincinnati Newport & Covington Light & Traction Co.—
Lease.—On Feb. 1G it was agreed to lease the company’s
property for a term of 99 years to the Columbia Gas A Elec¬
tric Co.
on
Compare V. 83.
year
Allen T. Russell, Second Vice-President and General Man¬
and
V. 84, p. 341.
for directors
1
Total deductions
..$11,211 ] Balance, dclielt for
Total income
1906 payment extended during live years.
Delaware
Lacka-wanna
| “Annual Reports”
on a
&
Nashua
Western
preceding
A
RR.
Acton
RR.
Report. -See
page.
Xew Director. — William II. Moore, Chairman of the Rock
j Island Company, has been elected a director to succeed the
1
late
Henry Graves.—V. 83,
p.
025.
Detroit Jackson & Chicago (Electric) Ry.—Mortgage.—
This company, recently organized to take over the Detroit
Jackson Ry., purchased in the
51), has made
of Detroit, as
trustee, to secure an issue of 5% 50-year bonds, subject to
call mi any interest day at 105; guaranteed, principal aridinterest, bv the Detroit- United Ry.; interest payable semi¬
annually. The following is substantially correct:
Ypsilanti Ann Arbor
interests of the Detroit United Ry. (V. 84, p.
a first
mortgage to the Security Trust Co.
Purposes for which thi $4 ,000,000 Bunds may be Issued.
To pay outstanding bonds of old company (all now retired.),
'
dollar l'or dollar
.$1,010,000
To retire other bonds noth..but never signed nor.certified. which
have been on depo-.it with tiie Detroit Trust Co. to meet sun¬
-
—
_
-
_
—
—
-
-
000,000
dry Indebtedness incurred during construction of road
..
.
To stock Holders of the old company, out of widen the floating
debt of about $625,Ooo had to be paid, leaving about Si so,
000 to represent their $J,0.>0,000 stock'
_
805.000
f>05 000
-
For
Improvements, extensions and new equipment
.....
Ry.—Guaranteed, Bund*.—See Detroit
Ry. above.—V. 84, p. 387.
Detroit Ypsilanti Ann Arbor & Jackson. —Successor Com¬
pany.-—See Detroit Jackson ,& Chicago liv. above.—V.
84, p. 51.
Easton (Pa.) Consolidated Electric Co.—See Easton Tran¬
V. S3, p. 9(59.
sit Co. below.
Easton (Pa.) Transit Co.—Culled*Bonds.—The entire issue
of $300,009 first, mortgage 5% bonds clue 1922 has been called
for redemption on April 1 at the Easton Trust Co., Easton,
Pa., at 103 and interest.
Detroit. United
Jackson k Chicago
—
EAUXIXGS FOIt CALFX DAli YEA US ID (Hi A X J > 11)05.
Year.
Xet.
Tii.ves.
Ini.
Sink Fit.
$122,007
105.554
$8,<>15
8,217
$20,500
55,825
$5,000
5,000
Grass.
11I0(>_
$525,001
1005..
281.70 1
—V. 08, p. 524.
_
Din's. Bal.,Sur.
$18,000
$04,515
58.512
Erie (Pa.) Electric Motor Co.—New Bonds.—The company
has increased the amount of its first refunding 5s outstanding
from $850,000 to $1,000,000.—V. 72, p. 775.
Grand Trunk
.
Ry.—Earnings.—For half
£
31
Gross receipts
Opcr. expenses
9 43 ,100
5 1 3,,800
.
,
—
.
15,,600
34 ,200
i
—
—
half-yr.
--
.
—
523 .500
The
dividend of
annual distribution
84, p. 390.
428 .600;
L
428 ,600
16,000
Divisible ha!
i
j Guar, dividend
1 1st pref. dividend
1
-
1905.
.
429,,300 j 2d pref. dividend.
17,,800: 3d pref. dividend*
18,,000 |
r> 4 2, 1 oil
Bal mice
G.1I .&Mil. surp.
Can. Ul. deficit
Bal .for
1906.
£
528,500
half-year
3 ,585 ,()()<)
2 .561 .400 2,345 ,000 i Brought in
Net receipts
1 .023 ,600
less credits 481 .500
CllgS.
year:
190 5.
i
i
£
,000
3,289,
j Bal.for
1906.
Half- Year to
Dec
; >39,500
162,950
85,000
63.250
215,100
—
Balaneefonvard
13.200
*2”:. in 1905 and 3Vo in
7
,400
486, 009
140 ,150
85 ,000
68 ,250
1 43 ,400
—
4, 200
1906.
the 3d preferred stock is the
announced on Feb. 8.
Compare V.
3%
on
Great Northern Railway Co.—Ore Trust Certificates.—
Baring k Co., 15 Wall St., have issued a printed circular
regarding the “issue of 1,500,000 shares iron ore properties
trustees’ certificates.”—V. 84, p. 339, 220.
Haverhill & Amesbury Street Ry.—Amalgamation.—See
Merrimac Valley Electric Co. below.—V. 68. p. G72.
Interborough-Metropolitan Co.—Sale of Notes—Official
Statement—Brooklyn Extension—Financial Plan.—See Interborough Rapid Transit Co. below.—V. 84, p. 271, 220.
Interborough Rapid Transit Co., New York.—Notes
Offered.—Lee, Higginson & Co., Boston,and William Read
& Co., New York, offered this week at 97Ji and interest the
unsold portion of $10,000,000 3-year 5% coupon gold notes
of $1,000 each, dated March 1 1907 and due March 1 1910.
but redeemable at 101 and interest on and after March 1
1909 upon 30 days’ notice.
Morton Trust Co., New York,
trustee.
Interest payable March 1 and Sept. 1 in New York.
The entire amount, it is announced, has been sold.
Abstract of Letter from
August Belmont, Chairman of the Board of Directors,
dated Feb. 14 1907.
the lessee from the City of New York, for a
Rapid Transit (Subway) Ry., owned by the
city, the equipment for which, including power-houses, &c.. representing
an Investment of about $25,000,000, is owned by the Interborough Rapid
This company Is also tin* lessee of the Manhattan (Elevated)
Transit Co.
Ry. fora term of 000 years from Jan. 1 1005.
The Interborough's capital
stock Is $35,000,000, on which It has earned and paid last year dividends
at the rate of 9% per annum.
The company has no mortgage or bonded
debt, and Its only funded debt consists of $15,000,000 4% 3-year gold
Status.—The company Is
long term of years, of the
dated May 1 1005.
Purpose of Issue.—The proceeds of the $10,000,000 notes now sold to
together with moneys which are and will become payable to the com¬
pany from the city, and other sources, will be sufficient to discharge all
the company’s Moating Indebtedness
and to pay for the completion of
notes
you,
work
under construction.
now
Earnings for Years ending June 30 (last fire months of 1906-07 estimated.)
Year—
Gross.
Xet.
Other Inc. a Fixed Chges. Bal., Sur.
1906-07
$22,317,253
$738,729
$12,885,788
$9,029,307
$4,595,210
1905-06
19,695,594
11,294,771
715.503
8.484.716
3,525,558
1 nerease
2,621,659
23 ,226
544,591
1,591,017
1.069,652
The fixed charges as above Include interest on bonds, rentals and taxes,
Including 7% Manhattan guaranty.
The annual interest on the $15,00 >.000 4% gold notes now outstanding and the $10,000,000 5% notes sold you
amounts to $1,100,000
per annum, being less than one-quarter of the
available surplus for 1907 as shown above.
Brooklyn Extension.— It Is expected that the Brooklyn extension of the
Rapid Transit RR. will be ready for operation not later than July 1 1907.
from which a largely Increased revenue Is anticipated.
When tills exten¬
sion is completed, the company will have invested In this construction some
$6,000,000 more than tlie* amounts payable to It by the city with respect to
such construction, and as the rental payable to the city Is based upon the
actual expenditure by It In the construction of the road, the company will
receive the benefit of a reduction in the rental equal to the Interest on the
.
_
amount
..
.
[VOL. LXXI1V,
THE CHRONICLE
450
-
of its
own
Investment
In such construction.
Financial Plan.—The Investment of the company In the New York &
Queens County Ry., the New York & Long Island Traction Co, and the
Long Island Electric Co. amounts at the present time to about $4,500,000.
^Compare V. 83, p. 155.)
The company has under consideration a comprehensive scheme of
Znanclne these Long Island properties to repay to the treasury the amounts
advanced by it.
The trust agreement securing the 5% notes will contain
a provision that If this company shall mortgage
its leasehold interest In
Rapid Transit RR. or in the .Manhattan Ry., or shall pledge any of
capital stock of the Rapid Transit Subway Construction Co., New YorkQueens County Railway Co., New York <Sc Long Island Traction Cto
or Long Island
Electric Co., owned by it. such pledge or mortgage shall
expressly provide that the said $10,000,001) 3-year 5% notes shall have a
lien upon the property so mortgaged or pledged equal to the lien of anv
of the other obligations of the company which may be secured
thereby
(Compare V. $o, p. 19 12.)
The company expects that at the maturity of
the notes, and possibly earlier, it will be in a position to refund its indebted
ness on terms more favorable than can now be secured, the issue of
these
notes being regarded as merely for a temporary purpose.—V. 84, p. 3<jq.
the
the
&
Interurban
Railway & Terminal Co., Cincinnati. —Change
Capitalization.—The “Cincinnati Inquirer” of Feb. 19
in
states that th<*
the
re-adjustment of the company’s finances
following lines is now in progress:
on
The capitalization is now divided into $2,300,000 stock and $2.500 000
5°o bonds, slightly over $ 1,000,000 of which bonds are still in the treasury
'flu* bonds outstanding are held by insiders, and the plan is to surrender
these bonds for a preierred stock, which will probably bear 6% interest
This will divide the capital into $2,500,000 common stock. $1,000,000 6%
preferred stock and $1,650,000 of 5% bonds.—V. 83,
562.
p.
Louisiana Railway & Navigation Co.—First
Passenger
Train.-—The first passenger train into New Orleans ran over
the line on Feb. 8.
Compare V. S3, p. 1098.
Louisville
Year.
1906
1905.
V. 82.
—
(Ky.) Ry.—Report.—For calendar
Xet.
year:
Oth.inc.
Charges.
Dies,
ht pr’c.,etc. lial sr
$2,523,343 $960,029 $69,653 $330,271 $596,706 $70,000 $1*705
2,298,619
875,666
05.000
57,201
351,500 501,700
14 661
Gross
p.
Macon
805.
Dublin
&
Savannah
RR.—Guaranteed
Bonds
Offered.--S. D. boring k Son, Boston, are offering at par and
interest this company’s first mortgage 5% gold bonds, of
$1,000 each, principal and interest- guaranteed uncondition¬
ally by the Seaboard Air Line Ry. by endorsement on each
bond.
Dated Jan. 1 1907; due Jan. 1 1947.
Amount au¬
thorized, $1,840,000; issued, $1,240,000.
Interest payable
Jan. 1 and July 1 at office of New York Trust Co., trustee.
A circular says in substance:
A first lien, at the rate of only $13,478 per mile, upon 92 miles of road
(with rolling stock) from Macon to Vidalla, (la., connecting at that point
with the system of tlie Seaboard Air Line Railway Co., which has acquired
tiiis road by purchase of the entire capital stock to form part of a through
short line from Atlanta to Savannah.
The present distance between
Atlanta and Savannah via the Southern Ry. is 293 mile-:, via the Cetitrai
of Georgia 295 miles and by the proposed Seaboard route approximately
26o miles.
The Seaboard will also have,the shortest route from Birmingham
to Savannah.
The Macon Dublin & Savannah has developed a satisfactory
local business which will be greatly increased by tin* through traffic.
The
Seaboard to-day handles Its Atlanta-Savannah freight via Greenwood and
Fairfax. 345 miles, which will now be reduced by the new route 85 miles.
Of this issue. $1.240,000 are to be Issued at once, and the remainder,
$600,001). are reserved to lx; used as required for additions to and better¬
ment of the property.—V. 84, p. 102. 51.
Merrimac
Valley Electric Co.—Holding Company.— This
association has been organized by the Shaw interests with
$1,0()(),000 common stock and $825,000 5% cumulative pre¬
ferred stock, in shares of $100 each (no bonds) to hold the
stocks of the Oitizens Electric Street Rv., Haverhill & Ames¬
bury Street Ry., Salisbury Land & Improvement Co., and
Salisbury Beach Improvement Co, James F. Shaw is Presi¬
George A. Butman, Treasurer.
dent and
Statement
of Operating Companies
Year ending Sept.
80
1906.
Gross earnings street rys__$234,14.5 j Int. on $300,000 5% bonds..$25,000
Net over taxes ($9,466)
82.995 I Bal.. sui\, from street rys.._ 57,995
Net from Salisbury Beach companies
4,60o
..
.
Total net earnings from combined
properties for
year
.
$62,595
Estimated net for year ending
Sept. 30 1907, $72,000; 5%
dividend on 8,250 preferred shares calls for $41,250; Balance,
surplus for common $30,750.
National RR. of Haiti.—Progiosed Purchase.—The follow¬
ing has been published:
A concession lias been granted by the ITaytlan Government to the
United llaytl Corporation, with a capital of $15,000.non, to take over th
National RR. of Hayti. to operate a number of mining concessions and a
direct steamship service to the United States and to Europe.
The National
RR. of Hayti is the only railroad on the island and at present is only .30
miles long.
It is planned to extend ii from the present terminus south
of the seaport of Gonal . es to Hluehe, a distance of 80 miles
This extension
is expected to he finished by July next.
A new road is also planned from
Cape Haytien on the northern coast across the Island through Hlnche and
Port au Prince.
The new lines will traverse a rich copper, iron and coal
district in the Interior
Contracts have already been let f<>r building piers
and docks at Cane Haytien, Gonaives and Port au Prince.
The Haytieu
Government guarantees 6% interest on an expenditure of $2 4,000 per mile
for the railroads for a period of 50 years.
Among the promoters ot the
projee’- are. William G. Price and John li. Mayer, of Philadelphia: O. 13.
Bechtel, of Pofsyille. Pa., and F. L. Price, of Tamaqtia, Pa. The National
RR. Co. of Hayti was incorporated under the laws of Hayti Sept. 11 1905
with an authorized capital of $3,000,000 to build 90 miles- of steam road,
of 3
feet gauge, from tin* port of Gonaives to Hlnche. in the interior, and
also 20 miles of road from Connive to Cross Mornt.
The concession was
assumed by a New Jersey corporation known as the American-Havt' Co.,
which is capitalized at $5.01)0.000.
It Is stated that the road is bonded for
$?4,o<)'> a mile, the payment of interest upon which is guaranteed Tor 50
the
Government
years by
Haytian
out of export duties.
See v. 83, p. 1229
New York New Haven & Hartford RR.—Plans for Merger
of Sub-Companies.—The company has applied to the Massa¬
chusetts Railroad Commission at Boston for approval of
the purchase of the New Haven k Northampton RR. Co.
for $984,000; of the Berkshire RR. for $1,887,725; and
the Rhode Island k Massachusetts RR. for $191,700.
This
action and the prices named are only formal, the properties
being already practically owned.
Purchase of Steamship Line.—The directors are reported
to have ratified the purchase of the Boston & Philadelphia
Steamship Go. (See last week’s “Chronicle,” V. 84, p. 392).
European Bankers Who Purchased the Debentures.—The
European bankers with whom Kuhn, Loeb & Co. placed the
$28,000,000 4% 15-year debenture bonds, and who will issue
them abroad, consist of:
Soclete Generale and the Comptor National d’Escompte, In
Paris:
Baring Bros. & Co., Ltd., In London: the Direction der Disconto Gesellschaft.Dresdner Bank, and the National Bank fuer Deutschland. In Berlin:
M. M. Warburg & Co., the Norddeutsche Bank and the Commerz & Disconto
Bank, In Hamburg, and Hope & Co., in Amsterdam.
The debentures will also be issued in
land.—V.84,p.391.
Belgium and Switzer
Feb. 23
THE CHRONICLE
1907.]
451
the Deepwater Ry., are building a low-grade railroad, 44(5
Pennsylvania RR.—Sale of Notes.— Official announcement miles in length, extending from tidewater at Sewell’s Point,
was made Feb. 19 of the sale, to -Kuhn, Loeb & Co. of $00,near Norfolk:, Va., to
Deepwater on the Kanawha River,
000,000 3-year 5% notes, secured by ear trusts and water West \a., and the adjacent tracts of coal land, aggregating
bonds of the company and other collateral.
The statement 100,000 acres, owned by the same interests as the railway,
given out at tin; office of the railroad company said:
located between the New River and the Kanawha coalfields,
This sum, with the.- proceeds from sales of stocks of other companies here¬
and formerly known as the Cooper-Ilewitt properties.— V.
tofore made, will meet all the linaneial requirements of the company this
year for construction expenditures and otherwise, including the New' York
83, p. 43(5.
•
terminal and also tin* $.*>«).OOu.OdO Pennsylvania Co. notes maturing Nov! 1
Twin City Rapid Transit Co.—Report.—See ••Annual Re¬
next, so that it will not be necessary to use this year any of the stock of
the company or any of its bonds which the stockholders have, as a wise pre¬
ports” on a preceding page.
caution, been asked to authorize at the annual meeting to be held March 11'.
Fares.—Mayor Hayes of Minneapolis oil Feb. IS signed an
The notes were offered by the bankers at 99}£ and interest.
ordinance requiring street railroads to sell six fares for
deliverable March 15.
They will bo dated March 15 25 cents. The company is expected to appeal to the courts.
1907 and are due March 15 1910 without option of earlier
—V. 84, p. 392.
redemption. Interest payable March 15 and September 15.
West Penn Railways .-^-Listed in Philadelphia .■
The Phila¬
Denominations So,000, $10,000, $25,000
and $50,000.
delphia
Stock
Exchange
has
listed
$422,000
Kuhn, Loeb A Co. state that the notes have all been sold.
mortgage 5% gold bonds, making the total amount
A number of houses, however, including William Salomon
$4,3(50,000.- —V. S3, p. (589.
A Co;, New York, and Curtis A Sanger, Boston, have*
moderate-sized blocks for sale.—V. 84, p. 340.
INDUSTRIAL, GAS AND MISCELLANEOUS.
Peoria & Pekin Terminal Ry.—Sold.—At the foreclosure
sale in Peoria oil Feb. 9 the property was bid in by or in tin*
American Car & Foundry Co.—Car Trusts Guaranteed.—
interest of the successor corporation, the Peoria Terminal
See St. Louis A San Francisco in V.S4, p. 391.—V. 83, p.
Ry. (V. 83, p. 1291) for $000,000. The Chicago A Alton 1413.
and the Chicago Rock Island A Pacific, which own tin*
American Cotton Co. -Salt.—The property of the Texas
stock of the new company, have agreed upon a plan of re¬ (
ufton Products Co. was sold at auction at Fort Worth on
organization which provides that holders of the $097,000 Fell. 5 and was bid in ior $300,000 by John O. Casey, rep¬
first mortgage 5% bonds shall receive new
first mortgage resenting the reorganization committee.
bonds, guaranteed by the two railroad companies.
Holders The property, it is understood, consists of 38 cotton trios and presses,
of the $280,000 refunding 5% bonds are offered income
04 presses, and real estate at \\ aeo. North Fort Worth, Ennis and oilier
bonds.
Officers of new company:
points in the State.
Compare V. 84. p. 222.—V. 83. t>. lain*.
T. A. Grier, President; W. .J. Conzclman, Vice-President; \V. J. Jack,
American Pneumatic Service’ Co.—No Longer Listed in
Secretary; Frederick H. Smith. Treasurer.—V. 8 4, p. I.v.s, 103.
New York. —The company has had its capital stock stricken
Peoria Terminal Ry.—See Peoria A Pekin Terminal Ry.
from the list of the New York Stock Exchange' in order to
above.—V. 83, p. 1291.
avoid maintaining transfer and registry offices in New York,
Philadelphia Rapid Transit.—Plan Approved.—The Board the market for the shares being in Boston and the dealings
of directors on Fob. 18 decided to accept the plan submitted
in New York having been very small.
Jan. 21 by the Retail Merchants’ Association for a readjust¬
Hayden, of Hayden, Stone A
ment of the rolatons between the city and the company.
A hasResiynations.—Charles
resigned as a director and Oakes Ann's as \ ice-President.
letter sent
by President. Parsons to the Association says:
V. 83, p. noo.
“While the members of .the board held very decided divergent
American Writing Paper Co. -Earnings:
views upon several of the questions raised, we have4 finally
Slnk.Ftl
lUiL.Sur.
Cal. Yr
Xet.
iHh.Inc. Bond Int.
IVrp's.
unanimously agreed to recommend to our stockholders for
$ 100 ,000
8344 484
11)00
$850,000
400
$1,415,331
Slli),013
$240
100.000
204,030
their approval a form of contract which we will submit to
850.000
loom... 1.303,044
120.033
215.341
84,
—V.
p.
302,
101.
you in the course of a few days, and which,
in some respects from your plan, will, we think, satisfactorily
Babcock & Wilcox Go. —Purchase.—The company, it is
announced, has bought from the Stirling ('onsnlidatcd Boiler
carry out the objects for which you are striving.”
Digest of Plan Submitted bg Retail Merchants' Association, Approved bp
Co., as of Dee. 31 190(5, its American property and
Directors of Killlwop F<b. IS.
including all accounts and bills receivable, and has assumed
Repeal of Ordinances. —That so much of the ordimnee of IN.')7 as confers
its obligations,and will execute its orders and contracts
upon the city tlie right to purchase the roads and cars of various street rail¬
That the right to compel the companies to boilers and appurtenances for installation and use in the
way companies be repealed.
remove overhead wires be repealed.
United Stall's.
That the city and theeompany enter into a contract which shall provide:—
To Call Balance Due on Stocks. —1That the Transit Company shall forth¬
Reports of an amalgamation were current last sprlmr. but the fact of the
with call in the balance due on its books, viz.: Sl2.()0(),otm. say at the rate
purchase lots only r.ovv been made public*.
The capital stock of the Bab¬
of $3,000,000 every six months, and that al! of the money shall be spent in
cock & Wilcox Go. was S3,om),000 and that of the Stirling Consolidated
giving the city increased ami improved facilities for travel.
The authorized capital
Boiler Co. (see V. 81. p. 1077> was $5,875,000.
CUii's Right to Purchase. —That the city shall have the right at any time
stock of the consolidated company is $1 5.000.000, ai! outstanding, having1
after Dec. 31 1950 to purchase aU the leases, franchises and property of
been increased to that amount Feb. 20
1906.
No
preferred. Par^of
the Transit Company at tho actually paid-in capital, to wit, $3t),uoo.ooo.
share-; Sloo.
This option to be assignable or to be sold at public sale to the highest
The Babcock <Ss Wilcox Co. prior to the amalgamation had no bonds out¬
bidder, the Transit Company to h ive tint right to bid.
standing.
The Ponded debt of the Stirling Co. consisted of $1 ,000,000 0%
A sinking fund to be established to b<* taken out of the gross receipts of
gold bonds, dated Nov. 1 1005 and due in 1035, but ‘uhject to call at com¬
the company. which calculated at 4% , will amount to at least $3a.o:>o,<>no
pany’s option at ! lo. These bonds, we arc informed, have all been retired
at the expiration of said term of hfty years, to enab'e t he city to acquire tlu*
no new bond issue has been made.
property at that time.
[The directors of tin* Transit Company ’al:e ex¬ andThe
works of the Babcock & Wilcox Co. were located at Bayonne, N. J.,
ception to the sinking uud provision as being so burdensome as to endanger
and it had in service, according to a recent advert cement. 0.000.000 horse¬
the success of the entire plan.]
power water-lube steam boih **s. including a large number fitted
with
All further improvements and extensions of roads, with necessary power
steam super heater-.
The Siirl'ng Company owned works at Barberton
and equipment, to be financed so far as possible on bonds not running more
and Mansfield. Ohio, ami recently had iu service 4,000,000 horse power of
than r>0 years. Issued by the company at not less than pur and containing a
Stirling and Cahali vertical wooer-tube steam boilers.
sinking fund provision sufficient to meet the bonds at maturity.
Toe directors o'
the consolidated company are:
Edward H. Wells,*
To Share in Xet Profits.
The city to share equally In the net profits of Montclair.
\. J.. Pres.: Wm. D. Hoxlc. Brooklyn, N. Y., Vicc-Pres.;
the company after the stockholders have received lawful interest from
Edw. R. Stettlnius, New York, 2nd Vice Pres.: John Gilbert Ward, New
Jan. 1 llh>7 on the capital invented by them.
The company to pay into tin* York,
Treasurer: John E. Eustls, New York, Secretary; Ohio C. Barber,
city treasury each year a certain sum to be ascertained in advance which
Barberton, Ohio; Frederick’ G. Bourne, New York, and Pitas. A. Knight,
shall be in lieu of the maintenance of street paving, removing snow, and
London, England.
New York office. 85 Liberty St. Compare V. 78,
license fees on cars, and shall at least equal the present cost for these items.
p. 2013.
Xew Franchises.—All franchises for further surface, elevated or under¬
ground railways within the city to be first offered to tlie Philadelphia Rapid
Bell Telephone Co. of Buffalo.—Option to Subscribe.—.
Transit Co. under the terms of this contract.
Stockholders
of record Feb. 15 arc' offered the right to sub¬
Voice in Management.—The Mayor, the President of the Board of City
Trusts and the President of the Board of Education to have the right to be
scribe at par for $1,452,000 new stock in amounts equal to
present at all meetings of the directors and to vote, upon all questions, but
20% of their respective holdings.
not to incur nnv liability as directors.
While the citv will thus receive a revenue from the company and have a
The right to subscribe will expire Marcli 1(5 and subscrip¬
voice" in its management, It is not to incur any liability as a partner or other¬
tions
must bo paid April 1(5 1907.—V. 82, p. 1374.
wise for anv of the obligations of the Transit Company.
Fares.—The present rate of fare not to lie changed without the consent
Bell Telephone of Canada.—To Authorize Bonds.—The
of both parties.
shareholders will vote on Feb. 28 on issuing $3,750,000 bonds
Accounts.—The accounts of the company to be Inspected and audited
each vear bv the City Comptroller or ids experts.
or debentures.—V. 83, p. 381.
Contracts.—No contract to be made by the company which shall extend
over the fifty years of the limited franchise herein provided for, except
Bell Telephone Co. of Philadelphia.—Earnings.—The earn¬
securities that, may be issued for the construction of new surface, under¬
ings,
Ac., for the calendar year were:
ground or elevated roads and the equipment of such new roads. The com¬
Gross
Nrt
Dividends,
Calendar
Balance, Stations
pany shall not sell, assign, dispose of or encumber any of its property,
leaseholds or franchises except as provided in tills contract with respect to
Year—
Earnings.
Earnings.
(6%)
Surplus. Dec. 31.
securities issued for the construction and equlpment of new roads.
1906.
$1,668,674
$1,241,421
$427,253 164,211
.$5,501,313
To Change Elevated Route to Frank ford.—As the construction of the ele¬
4,434,393
899,068
379,494 124,790
1905
1,278,562
vated road to Frankford over the present route presents certain engineering
1904
.....3,756,060
945,257
836,010
109,247
82,497
difficulties that are insurmountable, the city and the company shall
—V. 83/p. 1592.
promptly agree upon a change of the route so as to make construction pos¬
Listed in Philadelphia.—The Philadelphia Stock Exchange
sible. and assurances shall be given for the building of the road with prompt¬
V. 83, p. 1471.
has listed $2,061,150 additional capital stock, making the
Seaboard Air Line Ry.—Guaranteed Bonds Offered.—Son total amount listed $24,931,050. Compare V. 83, p. 1292,
additional first
listed
Co.,
—
though differing
interests,
for
...
.
ness,—
Savannah RR. above,—V.
Railway.—Loan Obtained for
Macon Dublin
*
Tidewater
Backed by H.
A
84, p. 392, 340.
New Enterprise
Co.,
Rogers and
through the
G%
notes, secured by pledge of $20,000,000 bonds of the railway
and $10,000,000 Stock Exchange collateral, including some
Standard Oil Co. stock. The notes were first offered to the
investor on a 6^% basis, but later the price was raised to
H. Royers.—The Tidewater Construction
a West Virginia corporation, organized by H. H.
associates to complete this line, has placed,
Central Trust Co. of New York, $10,000,000 two-year
99^, at
which they yield
6%%. The company
and its ally,
A
1592.
Mining Co.—Dividend Increase.—See
under “Annual Reports” on a preceding
page.—V.«83, p. 1172, 1038.
Catlettsburg Kenova & Ceredo Water Co.—Called Bonds.
—All of the company’s $75,000 bonds issued Nov. 1 1894
under mortgage to the. New York Security A Trust Co., as
trustee, have been called for nayment on May 1 1907 at the
office of the New York Trust. Co.
W. A. Patton is President
Butte Coalition
United Copper Co.
of the water eomnanv.
f-
4.52
Calumet & Hecla
Mining Co.—Acquisitions.—The
com¬
has acquired a large interest (it is thought
by some a
controlling interest) in the capital stock of the Allouez
Mining C<*. and the Centennial Copper Mining Co. The
pany
management al<o announce that the
company is the largest
stockholder it) the Osceola Consolidated
Mining Co. (see that
company below) and desires proxies to elect a board of
directors of it own nominating.
C. A II. shares last week
sold at SI .not) a
sluin', par §25.— V. S I. p. 223.
Canada Car Co. -See Pressed Steel Car Co.
under “Annual
Reports-*' on a previous pag(‘.—V. S3, p 157.
Central District & Printing
Telegraph
-
Chicago Edison Co.—Antes.—The
notes.—V.
S3,
103S.
p.
1905.
company, it is stated,
$5,000,000 0% 3-year
1900.
Electric
Boat Co.—A civ
announced:
Directors.—The
are
Co.,
new
Philadelphia.—Dividend
Feb.
each
General Chemical Co.—New Officers.—Edward II.
lias been elected President,
succeeding
who becomes Chairman of the board.
Rising
William H. Nichols,
W. II. Nichols Jr.,
formerly Secretary, has been made Chairman of the executive
committee, succeeding Mr. Rising. James L.
Morgan,
heretofore the Treasurer, has been elected both
Secretary
and Treasurer, tlie two offices
having been consolidated.—
V.
81, p. 209.
Hartford City (Conn.) Gas Light
Co.—Extension.—Aew
Stock, Sec.—A bill is pending before the Connecticut
Legis¬
lature, authorizing the company to extend its mains to
Avon and Farmington, Conn., and also
increasing the au¬
thorized issue of capital stock from
Compare V. 81,
§1,000,000 to §2,000,000.
511.
p.
Kansas Natural Gas
.
.
...
...
82,
Re¬
made. — V. S3, p. L5K.
wen*
Income Account for
1900.
calendar year:
p.
1159.
Years ending Dec. 31.
1905.
1904.
1903.
Total income
$1,574,608
$1,301,150
$1,100,415
$1,049,907
Net income
274,301
270,598
259,980
192,590
Total stations Dec. 31 1900,
44,517, an increase for the year of 8,340;
total sub-lleense stations, 30,131.
Total cost of new construction
in 1905.
$1,039,404.
Total capital stock, $3,281,200,
against $2,035,000 Dec. 31
1905.
Dividend rate 0% per annum.—V. 83,
p. 93.
New York & New
Jersey Telephone Co.— Report—Aho
earnings for the calendar year were:
Year—
1900
1905
...
_
Gross.
Xet.
Charges
_$7.447,147
$1,787,493
$80,029
0,217,288
1,508,634
02,018
84. p. 224; V. 83, p. 1595.
...
Compare V
Dlvs. (7%).
$1,272,797
1,034,149
Bal.,Sur.
$428,007
411,807
New York & Porto Rico
Steamship
—Charles \V. Morse has purchased a
Co.—Change in Control.
of the §2,000,majority
000 capital stock
and, it is understood, will take the minority
shares tit the same price.
There are said to be §984,000
bonds outstanding.
The licet includes seven steamers, total
aggregate tonnage 24,105; also two small boats
aggregating
1250 tons.
V.
—
Co.—Earnings.—For
Profits.
.$973,648
.
Nebraska (Bell) Telephone Co.—Aew Stock.—The
share¬
holders will vote March 10
upon, increasing the limit of
capital stock issue from §5,000,000 to §10,000,000.
1G
declared a dividend of
1% upon the §13,139,603 preferred stock, payable March 1
1907.
During 1900 two semi-annual distributions of
2%
on
.
to quotation in the unlisted
department of the New York
Stock Exchange.
The Magnus Company was unbonded,
but it had outstanding
§1,500,000 8% preferred stock and
§1,500,000 common, the latter, it is said, paying 10%
per
annum.
The National has now on the unlisted sheet
§20,713,000common and §24,403,000 preferred.—V.
S. It. Guggenheim, I. M.
Stettenheim, A. .J. Hemphill and Henry Morgentliau, all. it is said, long stockholders of the
company.—V. 83, p. 1414
General
Asphalt
duced.—The directors
Total
.
capital
§150,000 to §250,000.
National Lead Co.—Purchase—Additional
Stock.—The
company.has purchased the Magnus Metal Co. (V. 70, p.
282; V. 71, p. 238), and for this purpose has issued
§3,750,000
additional preferred stock, which was this
week admitted
$917,172
303,225
following
848,849 in
stock from
Total gross.$10.024,824 $9,358,010!
Surplus
$908,914 $553,947
Xote.—Of the surplus of $908,914 as above for
1900, $370,002 was derived
from the operations of Consolidated
Cotton Duck Co. and $538,912 from
the operations of the Mount
Vernon-Woocibury Cotton Duck Co.
Iu 1900 dividends
aggregating 0% were paid on the $5,901,000 preferred
stock of the Consolidated.
The company during the
past year, it is stated,
reduced the Hunting debt $1,400,000,
practically extinguishing it, and now
has quick assets of $2.700,000.—V.
83, p. 1173.
directors
73,
p.
239.
Interest. Bal,sur.
Tot.sur.
Consumers.
$1,999,313 $1,379,978 $606,877 $773,101 $632,289
(No.)00,l01
448,477
335,575
282,777
52,798
(No.)38,239
Capital stock outstanding Dec. 31 1905, $12,000,000: bonds
$7,800,000;
accounts payable, $117,689.
Gas and oil territory, owned and
leased,
284,171 aeres: gas wells, 301, against 280 Dec. 31
1905; oil wells, 40, against
39.—V. 83. p. 821.
Nipissing Mines Co.—Aew Directors.—\Y. B. Thompson,
Eugene Meyer Jr., Frank Schirmer
recently elected directors, succeeding
J. R. Delmar, E. C.
Converse, A. Moncll and Robert M.
Thompson. Compare V. 84, p. 103.
Lane-Maginnis Mills, New Orleans.—Merger.—See Textile
Corporation below.—V. 83, p. 440.
Lehigh Coal & Navigation Co.— Report.—For year 1900:
Nova Scotia Steel & Coal Co.—Dividends
Resumed on Com¬
Stock.—Press reports state that the directors have de¬
clared a quarterly dividend of
1^% on the common stock,
Year.
1906
1905
Cross.
Xet.
...
Mills
Calendar
Cross
year—
1906
1905
1904
—
V.
Interest.
Sink. fd. ct
Dividends
taxes, dec.
depreda'n.
paid.
$1,327,131
$319,162
(8%) $1,387,604
1,305,265
321,415
(8";,)
1,387,604
1,363,434
102.277
(7%>
1,104,050
revenue.
$3,331,742
.
.
...
84, p.
3.422,662
2.931,308
106.
Balance,
surplus.
$297,843
408,378
361,547
Magnus Metal Co.—Sold. -See National Lead Co. below.
V. 71, p. 238; V. 70, p. 282.
Manufactured Rubber Co.,
Philadelphia.—Preferred Divi¬
dend Increased.—The directors on
Tuesday declared a divi¬
dend of 4% on the §200,000
preferred stock, payable March 1
to holders of record Feb. 23.
The first dividend, paid-Oct. 10
1900, was only 2%.—V. 83, p. 754.
Maryland & Delaware Ship Canal Co.—See Chesapeake
Sc Delaware Canal Co. in V. 84,
p. 392.
Massachusetts
Cal:
Year—
Lighting Co.—Earnings. — For
Xet Salts.
Xet Darns.
Other Inc.
year:
Churtles.
$30,558
BaL.Sur.
$47,561
$34,454
$51,457
44.359
11. "76
21,845
36,590
Xote.—The trustees have since purchased
very nearly the entire capital
stock of the Northampton Electric
Lighting Co. and over 90% of the capital
stock of the Light. Heat <$: Power
Corporation.
Adding the business of
these companies, the total net income of the
combined companies was
$353,000. the net earnings $129,000 and the net profits $87,900.
This week
the purchase of the ‘•entire
capital stock and securities” of thwAyer Elec¬
tric Light Co. was announced.—V. 84,
p. 224.
1906
1905
....
.$219,201
168,522
Michigan State Telephone Co.—Points Offered—Earnings.
—N. W. Harris Sc Co., Boston and Now York, in
offering
§300,000 of the first mortgage 5% gold bonds dated Feb. 1
1904, and due Feb. 1 1924, of which §0.281,000 are now
outstanding, report:
Darnings for the Year
Gross earnings
Net can'inv'
__
( tiding A'or. 3<> 1906.
.$2,621,350 1 Present annual int. charge
656.671
Surplus earn;‘lg-
.
$328,300
328 371
re¬
Montana Consolidated Coal & Coke
Co.—Officers.—This
holding company has the following officers: C. F. \Y.
Dillaway, President; N. VV. Rumstead, Treasurer; H. M
•Burton, Chairman of the board of directors.
Compare
V. 84, p. 394.
Mount Carmel (Ill.) Gas & Electric Co.—Aew
Stock.—This
Illinois corporation has filed a certificate of
increase of
1905.
$9,941,151 $9,268,872 | Net earnings.. $
1,501,881
85,075
89,144 j Horn! lilt, (old cos)892,907
Ltd.—Report.—The
new
Baltimore.—Earnings:
;
1902.
Depreciation, Bond, tfee
Dividend to Balance
Repairs, dec.
Interest.
Dnglish Co. Surplus.
$498,946
$175,000
$255,000
$44,702
884,735
458,411
184,868
241,250
206
1903-04
838,028
425,189
187,053
225,000
785
The English
company paid 6% in dividends for the year 1905-06
(includ¬
ing 2
% paid Sept. 15 1906 and 3 \i % declared
payable Feb. 28 1907),
calling for £51.149 (against 5
% ior 1904-05). leaving a
of £996
to be carried
forward, after deducting expenses and adding surplus
£1,772 brought
forward from 1904-05. — V. 82.
p. 455.
Company. -Lease.—See Cin¬
Newport Sc Covington Light Sc Traction Co. under
1900.
6% per annum have been paid on the
1 1904 (calling for
$137,100).
Years ending Dec. 31—
Year end.
1903.
1904.
1905Xov. 30.’06.
$1,742,049 $1,991,2 50 $2,293,552 $2,621,349
1903-01.
Columbia Corporation.—Set Cincinnati
Newport Sc (ovSc Traction Co. undcr “ Railroads” above.—
V. S3, p. 1202.
Columbia Gas & Electric
Cal. Y< (ir.
Gross earns
Mise. income.
at
since Feb.
Gross earnings .$1,549,531
Subscribers
end
of year. .No.
49,6.86
55,097
66,342
77,047
91,547
Including the exchange stations of several sub-licensee
companies, the
company on Nov. 30 1906 served, in all, 116.221
subscribers. — V.83. p.1232.
Fiscal
Year- 1905-06
ington bight
“Railroads" above.
Consolidated Cotton Duck Co.,
Reguar quarterly dividends
$2,285,000 preferred stock
Milwaukee & Chicago Breweries,
Option to Subscribe.—Stockholders of record
March ld.it is Mated, will
have
the right to subscribe
pro rata for 82,000,000 new stock,
subscription to be paid
May 1. V. xi, p. 002.
is negotiating for the sah' of about
[VOL.LXXX1V.
port for the year ending Sept. 30 1900 shows the
following
results for tin* American
company, the sales having been
992,112 barrels against 913,120 in 1904-05 and
(Bell Telephone i Co.,
Pittsburgh.
cinnati
1904-5
THE CHRONICLE.
of Hayden, Stone Sc
Co.;
and J. G.Hopkins were
mon
payable April 15, being the first dividend on the common
November 1 1904, when 3% was distributed.
shares since
Calendar
Year—
Year's
Interest
Dcprec., Preferred
profits,
on Ponds. s.f.,dc<\
div.8%
$900,281 $255,039 $230,784 $82,400
559,900
248,177
129,753
82,400
501,337
150,000
114,140
82,400
859,398
150,000
147.700
82,400
1900
1905
1904
1903
Common
dividend.
...
None
(3%)$144,690
(0%)
240,804
Year's
surplus.
$385,458
99,570
10,107
232,494
Total surplus Dee. 31 1900,
§1,180,783.—V. 83, p. 210.
Osceola Consolidated Mining Co.-Report.—The results
for
the past two calendar
years were:
Year—
Gross.
1900 ...y. $3,040.81 1
1905
2.961.371
Control.
p.
Profits.
$1,778,671
1.140,252
Impr'ts.
$155,482
-207.500
See Calumet A Ileela
1501.
Dividends.
(48%) $1,153,800
(24 %)
570.900
Bal. ,sur.
$409,389
301,846
Mining Co. above. -V. 82,
(F. H.) Peavey & Co., Incorporated (Grain
Elevators),
Minneapolis, Minn.—Incorporation.—This company
has been
incorporated under the laws of West Virginia and has taken
the extensive grain and elevator
business of F. H. Pea¬
vey & Co., as provided for in the will of Frank II.
Peavey,
who died about five
years ago.
Tlie authorized capital
stock is §3.050,000, all
paid in and 11011-assessable; par value
of shares §100.
No preferred stock; no
over
bonded debt.
The
company owns and controls about 420 country elevators lo¬
cated on the Union Pacific, C. St. P. M. Sc
O.*,
Chicago Mil¬
Paul, Great Northern, Northern Pacific and
Canadian Northern in Canada.
Total capacity,
including all
terminals, about 35 million bushels. Officers: G. W.
Peavey.
President; F. T. HefTelfingcr and F. B. Wells, Vice-Presi¬
dents, and C. F. Denver, Secretary and Treasurer, all of
waukee
Sc St.
Minneapolis
Feb. 23
.
President
Beech Creek & Eastern Coal Co.—Bonds
Offered.-—E. H. Gay A Co., 1 Nassau St., New York, are
offering at 90 and interest, by advertisement on another
Pennsylvania
Oct. 1, viz.:
dated Oct. 1 1906 and are due in annual installments on
1911 to 1920, $50,000 yearly; 1921 to 1927,
$100,000 yearly, without option of earlier redemption.
V. 83, p.
Capital stock authorized, $5,000,000; outstanding, including
attaching t<> bonds herein offered, $2,250,000. The
advertisement says (see also circular in V. 83, p. 441):
year:
that
ending March 1 1007 (Fchruarg Estimati do
.
United Box Board Co.—Xeie
_
meeting
points.
electric light and water com¬
Mr. Barber will allow the
which to take up the loan
and also any obligations <>f
Earnings for Calendar
Xd
Year
C innn»s.
1906 __$1,366,2 >9
1905
1,217,373
Insur.
Fund
Written
Years.
Ilal.sur,.
Dir.
new
interests
a
certain time in
made by him to the company
tin* company on which he per¬
sonally appears as an endorser.
EarningsFor the calendar year 1906:
Gross
Culled Box Board & Paper Co.
American St raw board Co
IT teas Paper Co
-A
Total
Total
profit.
$486,066
1906
J 5)05
_
.,
Xet
profit.
446,102
123.309
$78,357
397,124
109,454
$ 1.055.477
8912.804
8584 ,5)35
$645,536
.
Deducting from net profit of 1906 (8584,!»35> Hie interest of the minority
stockholders In the American Straw
Board Co. (8127,024). leaves the
balance of net profits $457 910. ' V. 84 p. 343, 275
named in
Cross
refraining from voting:
Otis.
panies with valuable rights and franchises, all the stock of the Uooverhurst
<& Southwestern HR. ami a large majority of the stock in the .North River
Coal & Wharf Co., the latter company having valuable docks in New York
harbor known as Port Liberty.
We also own about 1.000 railroad cars,
;»;;7 coke ovens, a large number of dwellings, and have 33 shipping points
for the coal originating at 39 mining operations as well as a half interest in
two other independent coal operations.
The companj ha; an annual business of about 4.600.000 tons, of coal
shipped over the New York Central, Pennsylvania, Philadelphia & Read¬
ing and Centra! RR. of New Jersey.
Notwithstanding the fact that during
the first six months this company lias been in operation the railroads lmye
been unable to mov the tonnage originating at these properties, and the
car supply ha* been so inadequate as to cause a falling-oil in the production
of the collieries of nearly 30, the earnings have been as above shown.
We
have secured contracts for a very large amount of steamship and general
coal busines* for the ensuing year.
The proceeds from the sale of these
bonds will be utilized for farther developments to provide this tonnage.
steamship “(Quebec" is briny; lengthened and re-built and
the new steamer “ Rapids Kin ip’ was launched Jan. 9 1907.
Management.—At the annual
Thursday, the Chicago stockholders’ committee
180,000 shares and elected the following compro¬
Representing Barber interests—Stephen I). Fleming and L. W. Wiley.
New men representing protective committee—Charles C. Ailslt, Charles
A. Brown. Hyatt ('ox, Luther W. llodman. George J. Marott. Herman
Grossman. Skluej Miteliell, Lazard Kahn. Douglas Miller and Joseph IN
The lands are so situated that the product commands the lowest
Authorized. -The shareholders at the recent annual meeting
authorized an issue of $2,000,000 bonds, bearing; not to
exceed 5% interest. I o provide* for newboiits, etc. On Dec. 31
1906 there were only $323,146 old bonds outstanding.
The
on
voted some
mise ticket, the management
Underlying these properties
Coke Co. and oilier subsidiary companies.
there is eonservativey estimated to be between eight and nine hundred
million tons of high-grade bituminous coal of the best steaming and cooking
Subscriptions will also lx* received, at the banking ’onuses
tin* advertisement, in Philadelphia. Pittsburgh,
\Yilkes-B:irre, Scranton, Chicago
Providence, Montreal,
Arc.. <fcc.—Y. 84, p. 54.
Pennsylvania Malleable Co.—See Pressed Steel Gar Co.
under “Annua! Reports”on a preceding page.—Y.82,p. 456.
Pennsylvania Steel Co.—Culled Bonds.—“Cornwall Ore
banks” 5% bonds of Oct. 1 1902 to the amount, of $140,000
will be paid at 105 and interest-on April 1 at Girard 'Crust Co.,
trustee, Philadelphia. -Y. 84, p. 163.
(The) Pioneer Steamship Co., Willoughby, O.- Increase
of Oapital Stock.—This company lias lik'd a certificate of in¬
crease of capital stock from $966,000 to $1,246,000.
Com¬
pare Y. NO. p. S74.--Y. 72, p. 1191, 1139.
Richelieu & Ontario N?*vigation Co., Montreal. -Bunds
liaL.Sur.
8468.36!)
608,841
In April last tite monthly dividend was increased from 50c. to 75c.,
raising the annual rate from 6% to 9°;,.
Stock outstanding Dec. 31 1!)06
$7,144,700, against $6,447,700 Dec. 31 15105 —V. 83, p. 91.
-
.
freight rates to tidewater and New England
Tne company also controls a number of
says:
Xet Earnings.
Dividends.
81 .029,478 iabt .8 >4
> $561,108
1.001.397
(6%) 392.556
Year—
1906
1905
$458,729
$2.073,074(Total net Income.344,8311 Rental and interest charge* 366,528
income from rentals sub|Bal.. surplus—equal to S°/0
stdiary eonytame.s. dee
113,897 j
per annum on stock
92,200
\hstrnct of Ld(cr from President James Kerr, Dated Now York, Jan. 29 1907.
The company controls by lease for a period of 999 years from Sept. 1 1906
106,000 acreS of coal land, including the property of the well-known Penn¬
sylvania Coal dc Cuke Co.. Beech Creek Coal & Coke Co., Webster Coal &
.
circular
Report.—See “Annual Reports” on a preceding page. 1475.
Union Oil Co. of California.- Earnings.—For calendar
•tiv
Earnings for Half-Year
a
yearly business lias increased from $1,605,649
to $5,057,111.
In the meantime the capital stock outstanding has been
increased only from $1,495,550 to $2,247,600.
Every foot of land now
owned is completely occupied and the shop buildings are practically idled.
In order to provide for the immediate purchase of this land to permit the
further growth, in your business, the directors have decided to Issue the last
of the stock which you authorized In 1903.
page,the unsold portion ($1,750,000) of this company’s issue
gold 5% serial sinking fund bonds, with 50%
bonds in stock of the company. These bonds
Sale* of coal find coke
Pro lit on coal and coke
George Westinghouse in
In the last live years the
of $3,000,000
of the face of
quality.
453
THE CHRONICLE
1907.]
United
Hayti Corporation.
Set* National RR. of Haiti
under “Railroads” above.
Universal Gas Co., Chicago.
Lease.—Sea .People’s Gas
light A Coke Co. in Y. 84. p. 392. -V. 68, p. 174.
Westinghouse Machine Co. of Pittsburgh. -New Stock.
This company has lik'd a certificate of increase of capital
stock from $4,257,000 to $7,279,300.
Compare V. 83, p.
1417. 1475.
Wheeling Steel & Iron Co.—Annual Report. “Pittsburgh
Money” of Fob. 16 has the following regarding the report
for 1906 presented at the annual meeting on Fob. 12:
The
;
net
earnings
other charges.
The
were
about
$90<).0<H), without. deducting interest and
tateiuent. showed surplus $781,000, which makes the
book value of the ($5.uoo.qooi stuck $116.
It ituiM be remembered that
this company last February declared an 18",, stock dividend, which wiped
(or largely reduced) its surplus.
The stockholders have received 8";,
cash dividends and have about 16",, In surplus account, which is certainly
satisfactory.—V. 83, p. 495).
out
The Fleet r Pal Installation Co. of Chicago publishes in the
iF number of our “Street Railway” section, issued toi Jay, a map showing several lines of intcrurban railways in
Total
Surnlus. I Indiana completed or under .construction by the Electrical
-
rii'.Ti
tlL%i f>r\nar.
8261.040 $36,000 $114,046 $39.150
871,844 8326.504
Norn*.
239,295
25 1.660
239,295
Note.—Dividends on the S3,132,000 stuck were resumed Dee. 1 1906 by |
payment of 1 Vo (quarterly) and the same amount has been declared
completed in July
payable March 1. -V. 84, p. 342.
! Toledo Electric has
_
.
.
Off.
J Installation Co. The Winona Intel-urban Railway Co.,
.
which extends from Warsaw to Goshen, Ind., 25 miles, was
1906. The Indianapolis Newcastle A
Sloss-She"field Steel & Iron Co. -/)iridend
Adjustment.
In changing the common dividend from semi-annual to
quarterly periods, the following statement is made: “Com¬
mon
stockholders at
tin* close of business
on
Feb.
19 1907
3 p. m. will receive,in addition to the quarterly dividend
of 1 P','; declared, an amount equivalent to the proportion
at
of two months at tin* same rate, making tin* net amount to
be paid on March 1 $2,083 per share.
Set* Y. 84, p. 395.
Stirling Consolidated Boiler Co., of Barberton, Ohio.
Sold. —See Babcock A Wilcox Co. above.—Y. 81, p. 1677.
Textile Mills Corporation of New Orleans. — Merger. —1The
stockholders of the Lane-Maginnis Corporation, organized
in Nov. 1905 under the laws of Louisiana (V. 83, p. 440),
voted on Jan. 26 1907 to increase tin* authorized issue of
capital stock from $1,600,000 to $5,000,000 (all of one
class, par of shares $100) and to change the name of the
company to the Textile Mills Corporation, in order to absorb
the New Mississippi Mills of Wesson, Miss., recently or¬
ganized with $500,000 stock and $360,000 bonds (never
issued) as successor of the Mississippi Cotton Mills (V. 83,
p. 1174).
The consolidated company has made an issue of
$300,000 5% 20-year gold bonds.
The mills of the con¬
solidated company contain about 110,000 spindles and 3,300
looms, employing about 2,500 operatives.
Directors:
S. Odcnhelmer, President: Maurice Stern and \V. T. Maginnis, Vice-Presi¬
dents: George A. Hero, Treasurer; Harry T. Howard, Secretary: Peter F.Pescud. Sarah Freyhan, J. II. Fulton and Albert Baldwin Jr.
Union Lead Co., St. Louis, Mo.—Payment of Bonds.—
Pres. A. L. Shapleigli notified the holders of the company’s
bonds that upon presentation on and after March 1 1907, at
the Mississippi Valley Trust Co., St. Louis, the par value
with accrued interest to March 1 1907 will be paid.
Union Switch & Signal Co.—New Stock.—Shareholders
of record March 2 will be permitted to subscribe for 5,000
shares of new common stock'at $80 a share (par $50) to the
extent of one share for every nine owned.
•qlf
r>y:r, yi -f" ■<«mr
90 miles under construction and will
build 50 miles more next year.
The Indianapolis Crawfordsville A Western Traction is building 87 miles.
A descrip¬
tion of the work on the several lines is given in 1 lit* adver¬
tisement, which will be found
on
page
112 of the “Street;
Railway” section.
-
J. W. Bowen A Co., Boston, have issued
an
attractive
42-page pamphlet regarding the American Telephone A
Telegraph Co. and its various subsidiaries. A map shows
the territory occupied by the several companies, and tabuhated statements disclose at a glance their capital stock,
bonded debt, earnings, dividend rate and period, total sta¬
tions
1905
operated and the range of stock prices from Jan. 1
July 1 1906.
—S. 1). boring Ar Son, 64 Devonshire Street, Boston, have
to
.
issued a convenient little book of financial statistics of rail¬
road and miscellaneous stocks, giving their capitalization,
dividends, Ac.
A statement of Boston banks and trust com
panics and mining stocks is also appended.
—Leonard Snider, 66 Broadway, New York .announces that
lit' has opened a branch office, 402 Land Title Building,
Philadelphia. This office will be under the supervision of
Mr. Bradford M. Couch, who has been representing Mr.
Snider in that city for the past, year.
—Primrose' A Braun, dealers in investment securities at
58 New Street, have moved to more commodious offices at
43 Exchange Place.
The concern makes a specialty of New
York City bank, trust company and fire insurance stocks.
—Smith, Heck A Co., members of the New York Stock
Exchange, 71 Broadway, have prepared and will mail on re¬
quest a pamphlet on the position, earnings and prospects of
the Atchison system.
—J. W. Hageman
and II. D. Fransioli have formed a co¬
partnership under the firm name of Hageman A Fransioli
to do
'IftKUir'1 T'
a
“curb” business at 7 Wall Street,
COTTON.
%hc (Comntcmal -l'lines.
Thursday Night, February'*21 1907.'I'd
as indicated by our
from
the
South
to-night
is
given
telegrams
below. For the
six days ending this evening the total-receipts have reached
204,521 bales, against 208,148 bales fear last week and 251.289
bales tlx; previous week, making the total receipts since
the 1st of September 1906., 7,938,509 bales, against 6.141,401
bales for the same period of 1905-06, showing an increase
since Sept. 1 1906 of 1.807,208 bales.
THE MOVEMENT OF THE CROP
EPITOME.
COMMERCIAL
Thursday Night, .Feb. 21 1907.
tiic
On
whole
trade
eontinui
active
s
and
prosperous,
be here and there some slight signs of a
reaction, something winch would perhaps not be wholly
unwelcome, seeing that the financial rcsourct s of the country
have been subjected to a pretty severe test in handling its
epoch-making business, to say nothing of the question of
transportation and labor, which have at times proved dis¬
tinctly inadequate to the unprecedented requirements.
Confidence is still general and prices are on the* whole well
maintained.
Speculation remains for the most part quiet.
LAUD on the spot has ruled quiet, with prices steaely in
the main.
Small export sales have been reported of late,
but as a rule the demand has been confined to jobbers. City
is quoted at 0NF-- nnd Western at 9.90c.
Uelined lard has
been quiet and steady.
Continent 10.20c., South America
11c. and Brazil in kegs 12@12J4c.
The market for lard
futures has declined, owing to heavy liquidation, a falling
although there
may
demand
th('
in
off
commission
from
pressure'.
The receipts of hogs have
this fact has not been without effect.
DAILY CLOSING PRICKS OF LARD
Mon.
Sat.
May delivery
Julv delivery
o.07 }.2 9.65
lo.oo
9.67 J-a
10.10
0.77 H
-
September delivery
POUK
the spot
1
Receipts at—
Galveston
Fort Arthur
27,106!
Wed.
!).82J-j
9.82‘S
9.85
0.05
9.77
9.77’-a
0.00
_
_
251
Hollday.
1 .033 i
1 ,987!
908
6611
860
13 i
102
427;
1,537
1,550
1,230!
1
.
36!
7 23!
550
182
-
The
54,338!
29,019!
-18,-180
Galveston.
Pt. Arthur
This
week.
,513d1,153,888
82
..
This
week.
'Since Sep
.
.
.
..
.
..
..
_
...
5.50c.-July
5.55c. 1 August
5.60c. 1 Septcitibcr
-
.
-
5.f>5e. October
5.7(>c. \ November
5.75c*. i December
5.8t)e.! January..
Norfolk.
New York
Boston
Baltimore
.
.
5.85c.
5.woe.
5.'.',5c*.
.
.
Total
472
741
378.126
172 002
343.0 64,
307 634
33 793
122.165
75 187
13 608
28 638
13.028
14,722
')
8,845
40.633'
6,500
673
36 618
152,6551
197 618
6 5)26
13 618
4 1 20
10 249
1 1 ,504
2.5)65
50.616
4.655
450
!
.
32,380
16,2621
2,333
50,5471
204,521 7 ,938,509 136,015 6,1 31.301
j
;i .136,836;
892 435
1
In order that
may
Galveston, 6cc
New Orleans.
Mobile
Savannah
Charleston. &c
(82,513
59.404
3,796
20,574
2,5)71
5,798
...
be made with other
10,183
14,547!
1904.
1 .20)
1 ,582
19,700
478
11,538
204,521
136,015
-
15)02.
55,499
57,240
1 ,555
15,448
4,05)7
1 ,769
6,760
43.4281
812
460
181
3,575)
24,395
2
-
,<)5)oj
1.667!
3881
4.41 1
1 ,486
10,526
2,117|
4,318
12,081!
693
1 3.286
100,960;
66 ,55)7
143,939'
156,347
561
1
7,5)38,50916,131,301 6,89 6,45)7 6 393,275 6,505)
,63t)!o. 37 1
.894
The exjiorts for the six days ending this ('veiling reach
j total of 161,457 bales, of which 86,504 wore
1
years,
42,612.
6,357
1 .577
0.3251
15)03.
23.14 1
25,431
39,8781
1 ,610|
3,555
hers
Since Sept. 1.
32,256|
8.183
_
Total this wk„
62,65)2
44.107
1 ,744
2,262'
X'port X.. 6cc
01
j
1905.
517
Wilming'n ,&c
Norfolk
1906.
1907.
Real pis at
All
comparison
give below the totals at leading ports for six seasons:
we
4,766 to
Below
an*
a
to Great Britain.
France' and 71,187 to the* rest of the Continent.
for the six days and since Sept. 1 1906:
the exports
Six days
h;ive*
Uoj)s
price's have shown no quotable
change.
Refined, barrels, 7.Tor.; bulk 1.50e*. anel erases
10.25c.
Naphtha has be'en in good de*manei and steaely;
74(3176 degrees 14c. in 100-gallon drums.
Gasoline has
b(*(*n active anel firm; 89 degrees 21c. in 100-gallon drums.
Spirits eif turpentine has been in good jobbing demand anel
steady at 74L£c. Rosin has be*en fairly active* and steaely;
common to good strained $4 40.
TOBACCO.—The condition of the market has remained
unchanged. Trade has been rather .quiet but price's have'
continued firm with supplies moderate-.
Havana has been
ejuie't and firm. Advices from Porto Rico state' that a <• re»}>
of record size may be produced there this season.
A good
deal of interest still exists in regard to the Sumatra inscrip¬
tions which be'gin next month.
COPPER has been dull but steady; lake' 251-4 (S'25?£c.. and
electrolytic 25(e725,V$c. Le'ael has been ejuie't and easy at
f>L/c. Spelter has been fairly active and steaely at 6.85c.
Tin has been quiet and easier; Strait* 417/*c.
Iron has be'en
quiet and ste*adv.
No. 1 Nort!ie*rn 8240 825: No. 2 Southe'rn
end.
Feh.
2 1
1907-
From
Sept. 1
'
Exports
/mm
.
Britain. Frncc
Gdvcston
F irt Arthur.
Cor9.Cl'.r:sti.&c
N
Orleans..
'1.11 ijk*
Pcn-aa *!;i
I -'ra uidina
S.i\ annul
Unm-wick
( ’r>r!e-:t;>n
Wilini.urt'-n...
.
..
.
..
.
47,551
-
_
Great
itent.
Total.
31.795
79.3 10 1,325,590 352.818
Britain.
47,570
E
Fratio.
—
3,751
.
...
_
8.906
.
.
_
..
30.157
-
4.615
..
.
.
605,997 229,130
58,111 28,059
47.165 26,-132
8,101
12,806
10.080
10,080
127,655
64.295
16.208
13,30(1
115.021
2.367
6,000
-
-
-
.
'
...
Ni'rfnli:
Newport
13,300
•
_
News
5 ork
Boston
Baltimore
_
_
_
....
....
443
New
10
2,014
2,467
2,106
5
1,733
2.148
2,106
--
410
Philadelphia..
Port land, Me..
San 1 ramisco.
Seattle
-
549
r
549
1
4,220
133,465
29,638
90,911
59,380
29.794
6,374
4,970
2,985
Portland. Ore.
Pembina
Detro t.
5,513
2,985
-
86..V'’
....
.‘>,.70*:
—
ConUin nt.
Tidal.
767.03* 2 .145.146
67.184
1 14,754
1 .547
551.992 1 .447.41')
49.137
135.607
51.041
125.5 11
100
100
564,150
40,947
18.063
164,295
3.797
738.013
105.2
18.063
285.316,
153
127.592
14.012
52.125
1.500
4.373
290.6,95
54,206
20,622
7.280;
1907.
-
1.998
’
...
2 1
d to
51.613
5.513
Taeoma
Total.
-
1 .54 7
....
17,500
..
..
—
ConU-
Great
-
_
to Fib.
loot;
Ex parti
Exported to
have
PETROLEUMh as been strong, owing to the strength of
the situation in the* fields, but
132
...
6.00c.
SUGAR.—Raw has been ejuie't and steady.
Centrifugal-,
90-degrecs test, 4 14-42e*.; muscovado, S9-ele'gree's t e*st,
2 29-42c., anel molasses, 89-degrees test, 2 21-42e*.
Refined
has been ejuie't anel steady.
Granulated 4.00c.
Leas
been firm with a moderately active* demand.
Spie*cs
been steady with a fairly active* jobbing elemand.
have b<*en ejuie't and steady.
46,951
41 .718
4,589
2,148
.
Philadelphia
478
49
15)0 6.
1907.
|
895
282,638:
51 6,61 8
3,555
1 3.331
2.213
Since Sep
1 1905.
12
517
296,016
460,528
29,610
1 .582
136
Newport News &c.
j
.
5,798
8,183
Wilmington
The market for future* contracts has ele*clineel, owing
te> long liejuielation fe>r local, Wall Street and foreign account.
The speculation has be*en ejuie't anel composed in part of
switching frenn the ne'ar to distant ojitions. The receipts
have* be*en me)ele*rate, but this fact has had no effect.
The
dulne'ss e>f the* spot trade* has been a depre*ssing influence*.
Beuirs have* sold at time's, owing to unfavorable r<*ports in
5.50c. ] June.
204.521
1
Stock.
57,5)03 2,090,384
93,880
4,352
31 .587
437
44,107 1.171 .983
1 ,744
197,563
1 18,648'
7,334
1 ,087
14,059
10.183 1.183,655!
1 ,405
152,35)6
1,189
152,582
114,754
28,172
..
1
&c.
New Orleans.
*59.404 1 ,861 ,674
Mobile...
3,796,
222,600
Pensacola
12,806
116,608
-J acksonvlile, &c.
278
6.718
Savannah
20,574 1 ,269,300
1 ,5)87
Brunswick
139,454
2.5)58
Charleston
131,503
13
1,095
Georgetown, &e.
S?.$e.
...
39,368;
33,316
1905-06.
J 1 1906.
CorpusChrlst i
4S(h 40c.
COFFEE eni the sj>ot has been ejui< t and ste*ady.
Rio No.
7, 7c.; Santos No. 4. 8@8^c.
West. India growths have
bee'ii in fair demianel anel steady; fair to good Cucuta S!4(a
March
25
following shows the 6 days’ total receipts, the total
and the stocks to-night, compared with
Feb. 21.
especially for early eleliveiy. Stoe*ks have* continueel light.
Cochin 10} 2(0 10?jc- and Ce*ylon O^c.
Olive* has be*<*n fairly
active and steaely; yellow 70@75c. and gree*n (io@()8c. Pea¬
nut has bee*n ejuie't and ste*ady; yellow 50@(>0c.
Cod has
be*e*n fairlv active* anel firm; domestic 4G@47c., Newfemnellanel
February.
148'
2
58
:
1906-07.
Coceeanut has been strong with an increase*el elemand,
closing jirices were as follows:
100
439!
Receipts to
Linsee*d has be*en firm with some im¬
provement in the* jobbing demand. City, raw, American
seed, 420 44c.; boiled, 44@44e*.; Calcutta, raw, 70e*.
Lard
has been ejuie't but firm.
Prime 79(a\Slc., No. 1 e*xtra 580.
The
3,183
1,582
136
2.213
2.148
132
last year:
There has
Prime summer
re*garel to the* valorization plan.
5,798
1,582 i
-
319
I
i
_
.
49!
-
-
l 5)87
2.058
13
1,475!
2,000
}
j
575)
1 .827
1,255
1 ,928
59.404
3.796
12.806
278
20,574
H
O
L
1
D
A
Y
I
6,330
‘
()0c.
1
27
600!
1
..since Sept. 1 1906,
elull and easy.
absene-e* of noteworthy features.
594
1
has been firm with
has bee*n
82,513
j
'
_
:
Totals this week-
1 6,004
4,754!
X ews, &c
ThurFri.
9.580
575
690
5,358:
Philadelphia
Tucs.
* 16,982'
3,009
_.
Total.
975'
J
12
12,525
!
Fri
i
•
4,970
1,111
826'
12,806'
Xew York
Boston
Baltimore
Thurs.
Wed.
!
•
11.8681
.
N ewport
yellow 4S1 j(5)4<S^2^-
April
j
.
an
May.
14,252
Wilmington
Norfolk
Jde.
OIL.—Cottonseed
been
15,655
Georgetown
a somewhat better
Mess SIS 50@$19 25, clear
$19@$20 50 and family $20. Cut moats have been quiet
and in the main steady.
Pickled shoulders 8@8;Ltc.,
pickled hams Pii^eldc. and pickled bellies, 14@,10 lbs.,
lOiliC^lll^c. Tallow has been quiet and easy; City 0^(u
(rjqc. Stearines have been dull and steady. Oho 11@.
1114c. and lard 1 lc.
Butter has been fairly active and firm.
Receipts have' boon light. Creamery extras 44 l£@4Mc.
Cheese has be*e*n quiet and sternly.
State* factory, Septem¬
ber, fancy, 14•%(•.
Eggs have been active and firm. Sup¬
plier have* latterly been materially ri'duccd. Western firsts
on
Tues.
Savannah
Brunswick
Charleston
Ft IT LRUS IN CHICAGO.
0.02
|
Jacksonville, &c.
increased at times and
9.82*a
Mon.
""I
New Orleans
Mobile
Pensacola
beaiish
houses and
Sat.
"
CorpusChrlst, &c
demand, partly for export.
2/
[VOL. LXXXIY,
THE CHRONICLE
454
—
6.164
104.923
1 16,48 I
31.294
6.374
51.613
,*a ,206
20.622
1 .998
7.280
71 A N7 161.457 2.785,495 723.564 2.604.015 6 .113.074
.
822 50(a 824 50.
http://fraser.stlouisfed.org/
rfr .upFederal Reserve Bank of St. Louis
1
v1']'
t\
Total
1905-06
82.565 24,163
48.1 16 154.874 2.1 15.535 591.100 !, *17
132 1..524.067
In addition to above exports, our telegrams to-night also
us tin* following amounts of cotton <*n shipboard, not
clean'd, at tin* ports named.
\\ e add similar figures for
New York.
give
I
Feb. 21
,
New
i
Ger-
Britain.\ France
mnnt/.
Great
at-
Orleans
Galveston
/<7«i
•>
3,600
800
-
*>
j
1
1 ,800'
1 1 ,000:
7,327!
33
300
8 000
Other ports..
Total 1907
Total 1906.
Total 1905
89,087
59.4331
37.971
,6701
1 ,371
17 300'
•>
.700
1
:
,395 ;
1
23 .316
no
282 580
6
.9001
,394
7 ,800!
25,480
18.239
144 855
O CO
oo
29,291
obo
0C oc
23 ,800.
c a
39 U
33,941 239 i a 5 i
19.7651 174 ,330i
17,512; 146 .342;
897.701
22,394
l
.
Qft? QX*
Qsfi
•> •>
3 ,000
33 ,1 10
60,,484^
268,569
.000
,500
"
2,800
York..
stock.
.
8,758. 109 ,557!
5 ,900
1.900
•>
300
300
4,0001
Savannah
Total.
589!
16 .992
27 .918!
0.897i 21.00;i
1,130- 14.410
17.:140
7)7.04 l;
Charleston
Mobile
Norfolk
New
or <
past week have been as follows:
New York the
Leaving
('otistwise.
tKhcr
and closing prices at
FUTURES.—The highest, lowest
Shipboard. Xot Cleared for—
On
ar
»
4*)0
THE CHRONICLE.
1907.]
Feb. 23
1 16,265
12 .422
3*5
|
718,105
535,842
I
<§>
1
i
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o
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oo
be
-i -vl
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oi
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oc oc
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31
11
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OC
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1
n
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u
—
05
I
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o
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1
1
o
o
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o
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-
39
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—
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=-*?
jq
-
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i
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1
1
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is
I
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i
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cc
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c. t
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o
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31
—J c
b
it*.
4* U
4*
-a
•'j .&*
CO
o o
o o
oo
o
i
I
!©
©
1J to
.£* O'
Speculation in cotton for future delivery has been on a
i © 1 ® L© 1 © i © i © 1 © I ©
prices have again shown a sagging tendency,
it* |
it*
bill
1 |
mainly because of very large receipts and persistent liqui¬
1
! 1
dation of the March option, especially on the eve not only
|
1 i
•ub
be
of two holidays, the Exchange being closed both on Wash¬
1 ® 1 © ! © 1© I © 1 © 1 © !©
ington’s Birthday and on the day following, but also of the
'X
March notices which are due on the 26th inst.
Moreover, the
ij’co —is:
it* it* 3yJ
i i
1
i i
weekly statistics of late have been of a somewhat bearish
1
1 1
ittenor, indicating rather unexpected increases in the visible
©
supply- And as regards the predicted decrease in the re¬
1 © ! © 1 © 1 © 1 © ! © j © i ©
ceipts, it has certainly not come to pass. On th(‘ contrary,
iu
*41 3C
i i
|
1
i 1
the volume of arrivals, particularly at the Southwestern
j
1
11
points, has been so enormous as to militate very distinctly
iu
!u
and persistently against speculation for a rise.
There has
! © i® i© 1® i ® 1© .1© 1© I © I ©
been steady selling by local Wall Street and Southern houses,
b
1
I |
and the public has held aloof more plainly than ever.
The
1
i 1
sustaining factors, on the other hand, have been persistent
undoing of straddles for Liverpool account by buying here
qf March and July, particularly of March, free buying at
times to cover local short obligations, and,finally,the quite
general steadiness of the spot markets at the South, even if
here and there some easing of prices may have taken place.
Furthermore, despite tin1 predictions of an increase in the
©
©
I© ’ 1©
acreage this spring, it was noticed that Southern and Con¬
tinental mills bought October, December and January
steadily. This was believed to be partly because spinners
are sold ahead for a considerable period, partly because in
the early part of the season, for instance in October, good
THE VISIBLE SUPPLY OF COTTON to-night, as made
cotton is comparatively easy to obtain,whatever the general
Foreign stocks,
character qf the crop, and finally in part because the new con¬ up by cable and telegraph, is as follows.
as well as the afloat, are this week’s returns, and
conse¬
tract here will go into effect next January.
In any case, the
buying of the next crop months has been so steady and the quently all foreign figures are brought down to Wednesday
disposition to sell them so slight that they have been as a rule evening'. But to make the total the complete figures for
conspicuous for their firmness. Moreover, from all that can
to-night (Thursday), we add the item of exports from the
be gathered, the spot demand at the South has continued
it the exports of Thursd ay only.
good and the trade reports have been in the main satisfac¬ United States, including in l tn
1905.
1904.
1906.
17.
February 21
tory, the impression being very general that at present prices Stock at
61 8 ,n00
90_\.»nn
bales rt'.Mm.otm 1.176,000
Liverpool
1 1 .090
1 3 ,000
9 .000
for raw material the profits-on goods to the mills are un¬ Stock at 1 .omlon
in, 0(H)
49 .tiiin
72,000
60,000
70.000
usually large. The .question of the next crop has not yet Stock at Manchester701 .000
964 ,000
become an important factor in the trading, although some
1 ,070,000 1 ,245,000
Total Great Britain stock.
7.000
1 2 .000
14,000
12.000
comment is made on the fact that preparations seem to be
Stock at Hamburg:.
406,000
367.000
388,000
428,000
Stock at Bremen
4 .000
somewhat backward east of the Mississippi .River, and that
2 ,000
Stock at Antwerp
223.000
241 ,()()()
167,000
267,000
while they are more advanced west of the river the weather Stock at II avre
4 ,000
3,000
3,000
3,000
Stock at Marseilles.
55,000
50,000
12.000
during the winter in at least parts of that section is reported Stock at Barcelona
15,000
29.000
10,000
1 20,000
86,000
to have been somewhat drier than could have boon desired.
Stock at Genoa
2 ,000
3,000
3,000
2,000
To-day prices advanced partly in sympathy with a more Stock at Trieste
644 ,000
729 ,000
748,000
847.000
active and stronger market in Liverpool, while covering of
Total Continental stocks
shorts, further Liverpool buying to liquidate straddles and
1
.430,000
1 ,917,000 1 ,993 ,000 1 ,608,000
Total European stocks.
257,000
96,000
173.000
more or less Now Orleans and other Southern buying also
234,000
India cotton alloat lor Europe1 1 ,000
383.000
340,000
800,496
cotton
for
American
alloat
Europe
contributed to the improvement in prices.
There was a good
37.000
56,000
67,000
48.000
Egypt, Brazil, <ke.. aflt. for Europe
1 90,000
253,000
191 ,000
deal of covering in March.
Receipts continued large, but Stock Alexandria, Egypt
240,000
393,000
553.000
955,000
£>594 ,000
in Bombay. India
spot cotton has been quiet and steady.
Middling uplands Stock
679.325
682.18 4
892,435
1,136,836
Stock in U. S. ports
369,142
'closed at 11c., showing no change for the week.
616,277
658,131
578.575
Stock in U. S. interior towns.
8,518
29.97!
21 .232
1 4.1)90
U. S. exports to-day
The rates on and off middling, as established Nov. 21 1906
5,562.997 5,290,798 4 .21 4.132 3 .767 ,985
by the Revision Committee, at which grades other than
Total
Bible supply
above totals of American and other descriptions are a > iollows:
Ol'11
middling may be delivered on contract, are as follows:
American
—*
small scale, and
oo
OO
o o
CO
Z^CS
000
a o
-U OC
oo 4*
oo
oo
o o
oo
oc
oi to
—1 -4
o o
o o
to oc
~
4* CH
31
OC O
OcO
00 -E*.
31
oo
OO
o o
O
4* £*?
Co
31
o
O 31
C oc
4-- Co
C 00
o o
oo
o o
w*
Co
oo
E*
OC oc
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OC O
c
—
4-* 4— Co
oo
o o
o o
oo
oo
oo
00 oc
3. 33
3--
CO
4-C^
-i -J
w« 4*
uu
i: »
OC Ci
tJ -J
10 w*
■vl
CO
—
o o
oo
o o
co
w'l
t*
4— 4-*
3:
c o
U
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o o
O CO
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cc SC
o o
0C
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•'J w
Cn
too0
c*
t—k _k
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—
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J
t
c
w
to *1
rc
ce *1
0-0
—
«ce
00 t\5
f\S
•vl 00
c o
4- cn
cc
«c=
o
•si -si
OC
c c
cc c
CC
CA
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o o
o
OO
o o
o o
>-* K—
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oc 00
in
4* tC
-1
-1
0c
31 3i
l\5 C«
4* U
4*00
CT CJi
CO c*
w
w
.fc*
35
I
*
-
.
_
.
_.
..
—
-
-
.
-
-
.
.
.
-
.
m
3
.
.
.
...
\
Fair
Strict mid. fair
Middling fair
Barely mid. fair
Strict stood mid
Fully pood mid
0.14 oh
0.32 oil
0.50 off
.
.
0.70 oil
Barely low mid.
0.90 off
St net pond ord
Fully aood ord . . 1.07 off
1.25 off
Good ordinary
Strict u'd mid. tad 0.30 on
Even
Good mid tinecd.
Strict mid tinged. 0.06 off
2.00 on j Strict low mid.
1.75 <>c. ; Fully low mid
1.50 on! Low middkmr
c_
-
1.25 on1
-
1 .on on
O.ss on
..0.76
on
middling
Barely pood mid.. 0.57 on
Strict middling... 0.38 on
Middling
Basis
,
Good
-
.<*.
.
.
On this basis the official prints for
the past week would be :ts follow
a
f
Middling f inged.c.
Str.et low mid.trig
Low mid. t urged
Str.et g'd ord. ting
Fully mid stained
.
0.12 nil
0.46 off
-
L'yerpool stock.
1.25 off
0.42 off
0..50 off
Middling stained
Barely mill.stained 0.7s olT
Strict low m. stain 1.50 oJT
Fullv 1. m stained I .75 off
2.00 off
Low mid stained
.
Total America i
l.'ast Indian. Bra :il, C;
Lit erpool stock
London stock
-
“W
of t he oyat
es
for
i
Good Ordinary
Low Middling.
Mlddliuir
Good Middling
*
Fair.
-
.
-
.
....
.
Middling:
-
!
.
.
...
-
_
_
Sat.
M o n.
9.75
10.50
M .oo
11.76
12.5n
9.75
1 9.50
1 1 .on
1 1 .7 1
12.50
GULF.
Good Ordinary
Low MiddUnp.
Mlddlimr
Good Middling
.Middling
Fair.
STAINED.
Low Middling
.
.
-
!
...
-
...
....
Middling
Strict Low Mid. Tinged.
Good Middling Tinged
-
-
.
lo.oo
10.75
n.25
12.01
12.75
9.00
10.50
10.54
1 1 .oo
10.00
10.75
1 1.25
12.'i|
12.75
9.00
I 0.50
1 0.54
1 1 .00
1
1
,
Tnes.
Wed.
Thurs. !
9.75
10.5.)
1 1 .90
1 1 .76
1 2.50
9.75
10.59
1 1 .00
1 1 .76
1 ::.;>o
9.75
1 0.50
1 1 .00
I 1 .76
12.5-'
10.00
1 0.00
10.75
1 1.25
1 2.01
12.75
10.75
9.00
1 o.50
i) .00
9.00
10.50
1 0.5 1
1 1 .00
10.50
10.54
1 1 .00
1 o.54
1 1 .00
1 t .25
12.01
12.75
1 0.00
10.75
1 1 .25
1 2.01
12.7 5
Fri.
Total visible supply
Middling Upland, Liverpool
Middling Upland, New York
.
.
.
Egypt, Good Hrown, Liverpool.
Peruvian, Bough Good. Liverpool
Broach, Fine, Liverpool
Tin nevelly. Good. Liverpool.
L
1
D
$
Continental imports past
The above figures
i
605 .OHO
383 ,01)0
696,000
34 1 .000
679,325
21 .232
682.18 1
616.277
29.97 1
4,272.997 3,714,798
’,.204 ,432
2.688 985
126.000
9,000
10,000
45,000
173,000
67.000
1 9 1 .000
955,090
57,000
96,000
56,000
190,000
553,000
33,000
257,000
37,000
253,000
.393,000
,290,000 1 .576,000
.272,997 3,714,71)8
1 .olo.ooo
3.204.432
1 .979 ,000
2.688,985
1,136,836
892.435
7)78,575
14.09 )
658.131
i .562.997
5.97(1
1 1 .one.
11 :<;d.9.6 5 d.
5*j,d.
5 7-16d.
50,000
703,000
340,000
5
Ld.
8.7 7) (1.
5 •'L d.
5 7-16d.
7.75c.
7 Ld.
1 0.39(1.
4 3-16d.
4 1, d.
bales
over
unpitfu-'U'W'-
1904.
! ,001)
1 1 ,()()()
1 1 ,000
6,000
.
5)
8
39,000
5,290,798 4,214 '32
4.17(1.
5.73d.
10.80e.
369.142
8.518
1 3,000
3
,7o7 .985
7.62(1.
14.75c.
9 1 (1.
9.75d.
7d.
6 13-16d.
week have been 172.000 bales.
week
1906, an ex-
for 1907 show an increase over last
57,347) bales, a gain of 272.199 bales over
eoss of
1 ,343.565 bales over 1905 and a gain
of
10.5 1
534 ,000
61 .000
1 ,050,000
14,000
60,000
234,000
48,000
240,000
£>7)94,000
Total East India. &(
Total American
11
o
345,900
13,01)0
«i)oo,oou
56,000
787.000
800.496
90,000
lo.ooo
MamTeoer stock
Continental stock
i ndia afloat ('or Lurope
Egypt, Brazil, &e.. alloat.
Stock in Alexandria. Egypt.
Stock in Bombay, 1 ndia
i
UPLANDS.
bales
stock
Continental stock
American afloat lor Europe
U. S. port stocks .
U. S. interior stock
U. S. exports to-uay
Mancaesier
0.90 off
of 1,795.012
450
THE CHRONICLE
AT THE INTERIOR TOWNS the movement—that
is,
the receipts l'or the week and since
Sept. 1, the shipments
for tiie week and the stocks
to-night, and the same items for
the corresponding period for the
previous year—is set. out
in detail below.
•n i
-
c c /y c c
—■*'
-t o
-
'/■
-
-m-ti r**
-
c
-
—4
,✓->
-/■
r: r: r i >• c t r. r: : i c c x ^
.
_
,
<*>
-s
-1
-i
«-m
r-_
—
c o c
«
i—
i
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i
•—
[ VOL. LXXXIV
QUOTATIONS FOR MIDDLING COTTON AT OTHER
MARKETS.—Below are the closing quotations of
middling
Southern and other
cotton at
principal cotton markets
for
each day of the week:
•-«
<•*“
(’losing Quotations for Middling Cotton
Week ending
Feb. 21.
Galveston
New Orleans.
Mobile
Savannah
Charleston.
.
.
.
.
_.
Wilmington
Norfolk
Boston
.
.
.
.
Philadelphia
q
*4
*4
q
ioq
..
.
St. Louis..
Houston
Little Rook
;Monday.
11
|10 7-16
[10
>4
io
Wed'dag. Thursd'g.
do
15-16
10 7-16
-
d<> 7-16
,io q
10 706
do q
Friday.
,
do q
doq
po.q
10 's
q
ioq
10 >4
iio
i 10
-10 >4
!io q
io q
io q
ioq
ioq
iioq
1
11 .00
1 1 .00
11.00
1 1 .00
: 11.00
..1 1(1 Js
110 J,
io q
iox ■
'ioq
.111.25.
1 1 .25
1 1.25
i 1 1.25
ill. 25
.-11 *4
11 1 4
11 's
11 's
! 11 q
..10 7-16
107-10
1107-16
110 7-16
10 7-16
1 10 ,r> s
io q
io q
, ioq
io q
..111) 15-16 ! 10 15-16
10 13-16 ! 10 13-16 10 7$
’ -10 * i
10 1-16
10's
10 1-16
.
io q
10
io q
.
H
()
F
1
I)
A
Y
jlO's
-
1
NEW
Tuesday.
1
,
.
.
Augusta
Memphis
11
10 7-16
io
10
10
io
..
..
.
Baltimore
...
_
.
.
._
.
.
on—
—
Sat’dag.
ORLEANS
OPTION
MARKET.—The
highest,
lowest and
closing quotations for leading opt ions in the New
Orleans cotton market for the past week have been as follows:
Februarg•
(<>.
10.04-
(u
10.00
—
Closing
.
March I taupe
Tursdag. Wed'dag, Thursd'g,
Feb. i 9.
/•>/>. 20.
(".
9.90
—
-
—
Feb. 21.
(<i
—
-
9.88
—
10.14.10 10.09-.17 19.96 .07
10.18-. 19 10.11 .12 10.00-.0l
Closing
Mag —
Range
Closing
•July-1 taupe
Closinp
Friday,
Fib. 22.
■
<„
-
—
10.00
-
9.92-.00 10.01 -.1 4
9.96-.97 10.11 -.12
1 0.2 1 -. 2 7 10.19.26 10.09-.18 10.04-.14 10.17-.27
10.26-.27 10.21 .22 10.1 2-. 13 10.12*. 13 10.23-.24
10.31.38 10.31.36 10.22 .30 10.20*.28 10.30-.42
10.37-. 38 10.32-.33 10.25-.26 10.26-. 27 10.37-. 38
—
itaupe
Closinp
lO.OO-.of, 1 0.02-.07 10.00- .04
9.98-.OS lll.10-.lli
10.05 .06 10.05.06 1 0.03- .04 10.06.07 10.16-. 1 7
December
Itaupe
Closinp
Tom
Morning,
Feb. 18.
-
Range
October
Sat'dag,
Feb. 16.
(a .08 1 0.02-.03 10.06*.09 10.13-.19
10.07- .08 10.05*.06 10.09*.10 1 0.19 .20
-
.08'
10.O7
-
—
Spol
Options
.
Easier.
Quiet
Quiet.
Quiet.
Steady.
.
.
Easy.
Steady.
Steady.
Firm.
.
Steady.
RECEIPTS FROM THE PLANTATIONS.—The follow¬
ing table indicates the actual
This year’s figures estimated.
a
The above totals show that the interior stocks have de¬
during tie* week 19,759 bales, and are- to-night
79,559 bales less than at the same period last year.
The
receipts at all the towns have been (> 1 ,4SO bales more than
t
he
same
plantations.
j
nor Southern consumption; they are simply a statement of t he
weekly movement from the plantations of that part of the
crop which finally reaches t lit' market through the out ports.
I
creased
week last year.
MOVEMENT FOR THE WEEK AND
SI NEE SEPT. 1. -We give below a statement
showing
the overland movement for the six days and since
Sept. 1,
as
made up frmn telegraphic reports Thursday night.
The
results for t lu* week am 1 since Sept . 1 in the last two
years
The figures do not include overland receipts
H'tvA'
Ibi'iiyts at flu I'orls.
ing
1907
Jail,
OVER L VXD
each week from the
movement
i
1906
11 312,936
is 3.39.179
25 29 1,169
160.116
1.38,7.19
MO.'.98
1 305.29(1 121,793
8 2.51,289 !3 l.60s
15 208,] i.8 131.235
21 201.521 146,015
•’
1Tb.
“
Stick at Interior Togas. Bi
1905
1907
1906
1905
a
ip Is front Plan tat' ns.
1907
181.15} 695.86} 728.7)9 716.0.39 294.996
122.952 677.6-72 72F6H, 705.7,18 .321.287
1,56.670 66 1 ,.i39 720.1 14 696,578 277.8 19
i40.2j3 035.81-} 711.03-1 67.1,372 279,825
85,7)4. 01 1,1.55 697,084 656,712 226,.5.50
« 8,76.• 598.23 ( 67 1.590 *i30.59:.‘ 195.327
100.91,0 578,575 t«58.13 I 010.277 lhi.702
1906
1905
112.011 164,088
1:11,696 .82,1.31
109,266 147.7.30
11.3.313 118.019
i 17.0.55
108.74 I
119.556,
07.882
42.411
S6.6I7
'
arc*
as
follows:
The above* statement shows:
1906 -07
Februarg 21
Shi piled -Via St. Foul
Sinn
Six dags.
23 ,253
6,032
i
Via (.'aim
Via Rnei, Man *
Via Fo ilsville
Via Cincinnati
.
Via
1 .238
.
_
Tot a 1 gross o\ •eriami
Deduet shipments
Overland to X. 5
Dost on, Arc
Met ween iuierio
low ns
Inland. Arc., iroin South
a
.
187
153,1 17
.48.682
1, ,165.426
39.195
.807 ,553
3,083
1.629
1 .079
1 .370
106.589
36.795
32,761
1.712
276
91 1
108.151
12,039
7.078
176.145
2.899
1 16,0 65
989.281
36.296
661,188
11.60 1
in 1905-0
.
10.0 11
Total to be dei tinted
a
996
33 !
283,794
.
overland
38.785
4 ,908
1 ,769
Sept. 1
.12,209
.
net
Sii.r dags.
1 8.398
.nee
35,336
'
67.0 63
40,807
180.043
1,87 6
1 .074
Are
Sept. 1
567 .68.5
169.927
19.9 1 5
55.320
from the
-
Si
.
.
<>’ tier rono*
Leavlna: total
-1905 -06
-
25,875
Including movement by rail to Canada.
1 .—'Flint
the total
receipts
plantations since. Sept. 1 1900 are 8,420,NOS bales;
were
6,054,255 bale's; in 1904-5-were 7,451,114
bales.
2.—That although the
week
receipts at the outports the past
204,521 bales, the actual movement from planta¬
were
tions
184,762 bales, the balance being taken from stocks
Last year receipts from the plantations
for the week were 119,556 bales and for 1905
they were
86,647 bales.
was
at interior towns.
NEW
YORK
QUOTATIONS FOR 32 YEARS.
The quotations for middling upland at New York
Feb. 21 for eac h of t lie past 32 years have' been as follov s
on
,
The foregoing shows tlie week's net overland movement
has bet'ii 41.994 bales, against 39,290 bales for the week
last year, and that for the season to date the
aggregate*
net overland exhibits an increase over a vear
ago of 327,793
ball's.
fn Sight and
Taki
11)00-07-—
Since
Spinners'
mis
at ports to Feb. 21
Net overland to Feb. 2!
Southern consumption to Feb. 21l
_
_
Total marketed
Interior stocks in excess.
287.125 10098.790
19,759
482,299
a
.
Fame into siirlit during week
Total in sight Feb. 21.
a
,—
.
Receipts
North,
11)05-06
Since
Six ilags.
Sept. 1 Six dags. Seid.
\.
.204.521 7,938.509
136,015 0.131 ,30 1
41 .604
1)89 ,281
36,296
661 ,4 88
41.000 1,171.000
46,000 1 157,000
--
.
spinners’ taking's to Feb.
.
-
21.
.267.366
-
-
57.810
218.311
16,459
a
7.9 19.789
522,954
201 .852
10.581 .089
1 .837.308
-
-
49,159
8.472.743
1 .668.161
Doorcase during week
24.
20.
27
28
._
.
1907.
1906
e
.
.
..
.11 .00 1 899. e
.10.80! 1898
1905
8.00
1904
1903
1 1.50
10.05
8.8 1
9.31
8.88
1 902
1901
1900
WEATHER
! 897
1 896
1895
1894
1 893
1 892
.
.
6.561S91c_.
6.25
7.12
7.88
5.62
7.88
9.25
7.12
REPORTS
1890
1880...
1888
..
1887
.
1886
1885
1884
BY
9,06i1883c
..11.3111882..
.
10.12
.
_
_
.
Bales, i
Since Sent. 1 —
148.182 I 1904-05—Feb. 24
120,088 19011-04—Feb. 20
159.001 | 1902-03—Feb. 27
198,340 1 1901-02—Feb. 28
.
.
.
.
Bales.
„
.8,747.317
..8.024 385
_
1881
10.56 [ 1880..10.12,1879
8.9411878
1 1 .31 - 1877
10.75 1876
l 1.56
.
.
...
.
.
.
.
..
.
.
13.12
9.75
10.88
12.81
12.81
TELEGRAPH .—Our tele¬
graphic advices from the South this ('veiling indicate thal
the weather has been quite favorable
during the week.
| There has been but little* rain, dry weather having prevailed
over much of the belt, and the
temperature has been higher
generally. Preparations of land for the next crop have
therefore mad(' good progress as a rule,
day during
being two hundredths of an inch. The
thermometer has ranged from 54 to 74, averaging 64.
Abilene. Texas.—Dry all the week.
Average thermometer
56, highest 76 and lowest 86.
the week, the rainfall
.9,202,864
-.8,577.559
_
•
10.19
1 1 .62
..
.
Galveston, Texas.—-We have had rain
Movement into sight in previous years:
Week —
1005—Feb.
1904— Feb.
1908 — Feb.
1902—Feb.
k
.on
one
Feb. -'3
Fort Worth, Texas.—We have had no rain the past week.
The thermometer has averaged 60. the highest being 80 and
die lowest 40.
Texas.—There has been no rain during the
The thermometer has averaged 64, ranging from 50
Corpus Christi,
week.
to 7S.
Palestine, 'Texas.—There has been no rain during the week.
44 to 76, averaging 60.
the week. Average ther¬
mometer 62, highest 80. lowest 44.
Taylor, Texas.—It has been dry all the week. The ther¬
mometer has averaged 60. the highest being 80 and t he lowest
WORLD’S SUPPLY AND TAKINGS OF COTTON.—
following brief but comprehensive statement indicates
glance the world’s supply of cotton for the week and
since Sept. 1, for the last two seasons, from all sources from
which statistics are obtainable; also the takings, or amount
gone out of sight, for the like perid.
The
at
a
The thermometer has ranged from
San Antonio, 'Texas.—Dry all
40.
Xcic Orleans, Louisiana.—Kail)
the week, the precipitation being
inch.
Average thermometer 59.
has fallen on one day of
fourteen hundredths of an
Helena. Arkansas. — Pleasant all the*
The thermometer has averaged
rain.
27 to 69.
without
week and
51.M, ranging form
Little Pock, Arkansas:—The weather has been clear
the week and cotton continues to be marketed as fast
all
as
picked. Conditions have, been very favorable for farming
operations. The thermometer has ranged from 22 to 72.
averaging 52.
Memphis, Tennessee. — Rain has fallen on one day of the
precipitation being'one hundredth of an inch.
Average thermometer 52.6. highest 71.6. lowest 26.8.
Mobile, Alabama.—Fine weather in the interior has in¬
duced good progress with farm work.
Then* is an active
movement of fertilizers.
We have hard rain on two days
the past week, the .precipitation reaching three hundredths
of an inch.
The thermometer has ranged from 28 to 72.
averaging 55.
Montgomery, Alabama. - There has been rain on one day
during the week, the rainfall being four hundredths of an
inch.
Average thermometer 52, highest 74, lowest 22.
Madison. Florida.—Wo have had rain on two days of the
week, the precipitation being seventy hundredths of an inch.
Average thermometer 44, highest 68, lowest 27.
Augusta, Ga.—There has been rain on two days the' past
week, the rainfall reaching sixty-four hundredths of an inch.
The thermometer has averaged 52, ranging from 20 to 69.
Savannah, Georgia.—There has been rain on two days the
past week, the rainfall being thirty-four hundredths of an
The thermometer has averaged 55, the highest being
inch.
week, the
68 and the lowest 28.
Charleston, South Carolina.—There has boon light rain on
days during the week, the precipitation being eight hun¬
of an inch
The thermometer has averaged 52,
ranging from 28 to 66.
Greenwood, South Carolina.- There has boon rain on one
day the past week, the rainfall reaching ninety-seven hun¬
dredths of an inch.
The thermometer has averaged 47,
ranging from 24 to 60.
The following statement we have also received by tele¬
graph, showing the height of rivers at the ports named
dredths
of tin* dates given:
a. m.
Feb.
Xf’.v Orleans
Memphis
Week.
_
.._
_
Nashville
.
Shreveport
Vicksburg
of
of
of
of
of
.Above zero
Above zero
A hove zero
Above zero
Above zero
gauge.
gauge.
gauge.
gauge.
gauge
Fib.
21 1 907.
Frit.
10.7
Total supply
13.655.213
1
1
34 3.02
P 9,323,248*
25,000]
2.1 17,000
from Brazil. Smyrna. West Indies. Nc.
Total
Cloth.
Yam A Thread.
all
for
At!.
0
onr.tb
1906-07 1905-06
u.
l.hs.
Oct
Nov
Dec
.
1st qr.
Jan
190(5-07
Yds.
509,733
530,139.
553,765
Yds.
19,873 '22,151
19.755 19,805
.
3905-06
1906-07
l.hs.
509,948*
502.020
500.611
l.hs.
Lbs.
l.hs.
Lbs.
95.140
93.660
94.297
1905-06
1906-07
1905-06
95,131
1 If.013
98.940
103.578
113.415
1 i: 1.083
117.282
118.745
12 1.532
18.786
20.954
58.414
62,910.1 ,512.579 1 ,595.637
282.097
297.04!
341 .511
300.559
20.653
20.826
104.523
106.600
125.176
127.48(5
560.245
571.915
RGs
289
Hi.127
1-1.UNO
183.182
503,320
Stockings and socks
Sundry art.eles.
.
.
'ratal exports of cotton manufactures.
The foregoing shows that there has been exported from
tin* United Kingdom during the four months-482.1 82,000 lbs.
of manufactured cotton, against 502,220,000 lbs. la<t year,
or a decrease of 20,128,000 lbs.
A further matter of interest is the destination of these
exports, and wo have therefore prepared tin* following state¬
ments, showing the amounts taken by the prineipal countries
during January and since Oct. 1 in each of t la* last t hree year s
(>ct.
lanuary
Yards.
Bitci (loads-
216.577
105.483
70.135
29.576
51 ,59(5
3(5,0(55
Indies
Turkey. Egypt and Africa
China and Japan
Europe (except Turkey)
1905.
190(5.
1907.
(0(H)? omitted.)
East
to Jan. 31.
I
—
-
.
-
50.813
244.561! 194 .555
74.956
87.401
31 .777
50,074
33,265
49,789
(58,605
87.211
22.302
40,706
26.792
37,781
1905-0(5. |
1904-05.
8<f 8,(560
388,278
-225.4X5
104.076
205.216
122.269
158,340
952.160!
847.082
355,5)7 5
278.652
8(5,595
184.100
121.620
125.400
313.594!
316.678]
105.346
198,144!
122.7551
158.289]
560.245 571.913 477.955 2.072.824 2 166.9(5*5 ’ l .999.424
£22,887
£
£25.788
£7.1 1SI £6.(579 £5,611
yards.
.
value
24.858j
l
l.hs.
1
;
tOOO.v omitted.)
Holland
4.188
Oermany
4,023
h.Europefexcept Turkey)
East, Indies
China and Japan
.
Turkey and Egypt
All other countries.
.
3.189
2.401
912
1.417
2,099
3.397
3.392
2.951
4,081
1,003
1,758
1,96!)
18,551
£973
18,229
lbs
value
Total
Total
-
-
1906-07
■
receipts of cotton at Bombay and the shipments from
India ports for the week and for the season from Sept. 1
three years ha ye been as follows:
8.364 415
6,396.4 1 5
1 ,968 .000
390.694
247.69 4
143.000
7 .206,248
318,021
000s
Yarns
~
5 ,290.798
5,562,997! 5,562.997 5 ,290.798
Embraces receipts in Europe
Total
Total
COTTON MOVEMENT FROM ALL PORTS.
The
1.192!
692,000
272.000
EXPORTS
OF
COTTON
GOODS
GREAT
FROM
BR1TAIN.—Below wo give 1 ho exports of ,cotton yarn,
goods, Ac., from Great Britain for the month of January
and since Oct. 1 in 1906-07 and 1905-06, as compiled by us
from the British Board of Trade returns.
It will be noticed
that we have reduced the movement all to pounds.
(>1
INDIA
8,4 72 743
1 .537 .000
1 36,000
l> Estimated—not received.
22.1
48.0
852 i
95.000’
s.ooo;
26 .000
7.000 j
20 1
j
Total takings to l'eb. 21
Of which American.
Of which other
8.8
9.0
IS. 4
4.7
2 54 5.470
1,784.156
_
5,906,018 14 .886.245 5 .68
1 1 .5
1 8.9
10.8
Fiasin.
1
:> .345 .640'
Deduct--
a
lie tk.
Season.
!
267,366 10,581 .08!)
1 360,000
b 100,0001
1 19,000
JO (tool
21 ,000
835,000
207.000
2,0001
.
South America
North America.
All other countries
VS l1
Feet.
I
5,505,652
Visible supply Feb. 15.
Visible supply Sept. 1
American in sight to l'eb. 21
Bombay receipts to l'eb. 21
Other India ship’ts to l'eb 21.
Alexandria receipts to l'eb. 20
Other supply to l'eb. 20 a
Visible supply l'eb. 2 1
28 to 78.
at.|8
1906-07.
Cotton Takings.
and Season.
Week
_
has been no rain during the
averaged 50.1, ranging from
Leland, Mississippi.—There
The thermometer has
week.
two
45?
THE CHRONICLE
1907.]
£ 1.096
4.518’
11.8(57
1.3.975
9,276
10,314
1.728
1.623
5.322!
7.102!
8,220
1 .756
7,879]
7.8,871
7,30!)
15.249
69,303,
75.398]
£3.896
62,689
1 1.272
14.87 I
3,044
3.478
2,343
2,417
13.841;
1 1.905
It. 211!
1 1 .438:
11.856]
16.4011
3.198
590
£4,1931
£791
£.3.250
'
1
February 21.
Jtccri pts at
'
(
; Week.
Bombay.
.
Fo
Ft ports iron'
-
the
1
.
—
Week.
| Sept. 1.
93.000
|l .537.000
Week,
j
('antinent.
17,001
9,00''
5 ,no(
1 .00(1
1 ,000
2.000
j
Britain,
Total.
Not re ceived.
17.000
28,000
9 ,000
Total all —
1906-07..
1905-06...
1904-05
http://fraser.stlouisfed.org/
^
Federal Reserve Bank of St. Louis
1 ,000’
1 .000
.
tunt.
i
s.oooj
5
1 .000
1 .000,
1
,0001
1 .000
2 .0(10
-
1
5.000
,000,
6,000
..
i
f
-
-
-!
2 i .000
25 ,0001
2,000
1 .000:
8.000;
49,0001
52,000
46,000
3 2,000
Monday
Tuesday
17,000
26,000
32,000
Friday
41 ,000!
1 1 .000,
1 24
,000
i
15,000
25,000!
24 .000
44
,000
46.000]
50,000
64 ,000
52,000
6,000
7,0001
-
-
48.000]
18.000*
1
ri
.vij#&.
-j
.....
567.000
184.000]
202,000
*
air ^ thi m*uw
-
^,11 w-tm c v
Saturday
Steady
Steady
Steady
Wednesday Steady
Thursday
Steady
.
'
Closed.
Steady
Steady..
_
..
.
.
.
j SteadySteady
!
100
J - ; :
iSteadv
„.| HOLIDAY
Con
and
< 'ontracl.
c< n
lr<u f.
'Total
1 .135
198
1,035
504s
1 0(1
41!
100
2,199
100
554
512
}
j
Total
100
2.399
AN1) SHIP M I ] N TS o F
arrangements made with Messrs.
Choremi, Benachi A Co., of Liverpool and Alexandria, we
now receive a weekly cable of the movements of cotton at
Alexandria, Egypt.
The following are1 the receipts and
A LE X A NI) R T A
COTTON.—Through
524 .000
of Spot
M nrket
Export suin'n.
431 ,000
55.000;
-
4,
Closed.
405.000
1 I 5.000 j
6,000
-
Fairs
Futures
Spot Market
!
9,000;
fi.ooo;
.
days..
Total.
i
5 ,000
1 .000
same
,
9,000
5,000
.
.
on
('anti-
(treat
...
.
1.
—
—
The total sales of cotton on the spot each day during the
week at New York are indicated in the following statement.
For the convenience of the reader we also add columns which
show at a glance how tho market for spot and futures closed
—
j
...
Sept. 1.
104,0001 ,156,000
Since January
Week.
—
—
MARKET AND SALES AT NEW YORK.
Since
Since
,
.
—
—
(treat
Britain.
Borcbav —
1906-07
1905-00.
1904-05.
Calcutta—
1906-07.
1905-06.
1904-05.
Madras—
1906-07
3 905-06
1904-05..
All oth'-rs—
1906-07.
1905-06..
1904-05
Sept. 1
Not re ceived.
;
.
j
Since
1
—
—
.
1904 -05.
1905-06.
1906-07.
.
..
-
--
hit b
^1^0
R ECEI PI S
| V OL. LX XXI V
THE CHRONICLE
45*
shipme t5 for the past week and for the corresponding week
of the previous two years:
SHIPPING NEWS.—As shown
previous page, the
exports of cotton from the United States the past week have
Fteceipls (eantars a)
This week
Since Sept.
.
.
1905 (ML
1906 07.
1
.
_
1
11
I*
;
160,000
j
6,265,219
190,000
5,190,517
To Liverpool.
To Manchester
ToContlnent
To Ain erica
|'
100,000
jj
4,659,308
,
6,750' 166.119
6,500 159,773
4,5001148,617
8.000 148,601
7,500
4,250i 93,600
8,50(0233,157
3,00*0 81,291
7,250 202,290/
3,500 54,655
...
....
-
YORK—To Manchester—Feb. 15—Canning.
177 Sea Island
To Havre—Feb. 16—St. Laurent. 10 foreign
To Hamburg—Feb. 15—Amerlka. 100
Feb.
132,370''
...
-
.
-
-
.
...
-
9,000| 191 ,562
1.000! 44,482
26.25(0629.1 68 24,750 539.088
.
A camar N 98
a
1S
,75<-j478 ,261
lbs.
This statement shows that the receipts for the week wen*
160,000 eantars and the foreign shipments ‘26,250 bales.
443
io
—
-
....
19—Albuera,
200
loo
970
100
To Rotterdam—Feb. 18—Korea. 100
To Genoa—Feb. 20 — Hamburg, 970.
To Venice—Feb. 18—Abbey Holme, 105_
To Japan—Feb. 16—Norman Prince 375
.
To China—Feb. 16—Shimosa, 264
NEW ORLEANS—To Liverpool—Feb. 15—Gladiator, 6.500
Feb. 19—Musician; 10.000
To London—Feb. 16—Louisianian 1,000
To Havre—Feb. 21—Louisiane, 3,751
To Hamburg—Feb. 16—Manchester Merchant, 1,732
..Feb
19—Dania. 2,067
1
To Oporto—Feb. 19—Puerto Rico, 2,300_
.
To Barcelona—Feb. 19—Puerto Rico. 2,807.
...
-----
..
.
-
—
.
-
105
...
375
264
.
_
16,500
1,000
3,751
.
.
Total exports
upland.
266
.
I
'j This ' Since
Since
follows:
are as
Total bales.
week. Sept. 1.0 week. \Sept. 1.
;
I
j
*
..
..
This
j This
Since
1 week. Sept. 1.
telegraphic returns,
NEW
l|
,
,
Exports (bales)—
1904-05.
I,
—
from mail and
a
The shipments in detail, as made up
reached 161,457 bales.
Alexandria, Egypt.
February 20.
on
.
.
.
_
.
.
...—
—
3,799
2,300
2,807
.
GALVESTON—To Liverpool—Feb. 15—Candidate, 14,225; Miramielii, 10,580
47,551
Feb. 18—Indian, 22,746
To Bremen—Feb. 15—Hannover, 9.168
Feb. 18— Monte¬
Feb. 19— Cara. 12.665...
31,795
negro, 9.962
PENSACOLA -To Liverpool — Feb. 15—Vivine 4,645
4,645
....
.
DOMESTIC EX PORTA OF COTTON MAX CF ACTE RES.
We give below it statement showing the exports of domestic
cotton
manufactures for December and for the twelve
months ended December 31 1006, and. for purposes of com¬
—
parison, like figures for the corresponding periods of the
previous year are also presented:
_
of
Manufactures
(colond and
Colton
Exported to
.Month ending Dec. 31.
0/
uncolond)
.
...
.
-
,
.
.
.
...
Philippine 1-datuls
....
Other Asia and Oceania.
British Africa
All other Africa
Other countries
.
164,662
3,019,344
1 1 1,800
94,597
365.799
1.684,359
1.010,030
9,287,901
3,191.243
277.127
1.971.436
9,835.438
28,217.004
3,512,894
24,247,573
30.719,800
3.719,294
0,982,738
14,726.823
10.092.071
7,284.042
8.187,197
562,732,721
10,907,297
7.155.675
500,681
596,380
7,676,561
1.198,145;
776,524
2,895,000 48,525,998 270.799.275
2.296.371
9,593,863
1,496.639
2.646
69.277
568,328
960,207
175.039
18,328
8,437,229:
1,141.780
750,860
12.731.2811
85,115
1,970,386!
3,932,384! 3.465,252 40.483.099
703.912
9,991.805
1,490,473,
50,836
1.087,836.
41,800
1
sou:
Hong Kong
.
1905.
2,463,690 29,207,369
194,.169
2,419,992
16,068,459
646,678, 1,120,802
35,029,084
3.736,237
2,783.852j
243.448,
233,881!
2,366,713
6,985,910
506,732' 1,038.452
13,437,884
1,742.919
1,616,754
1,611,706
1.221,875 16.470,347
...
British Australasia
1906
2,267.201
218,522;
:
.
.
—
--
1905.
360.143
7,535
154,820
785.233
Germany
Other Europe
British North America
Central American States and Brit'sh
Honduras
Mexico
< 'uha
Other West indies and Bermuda
Argentina
Brazil
Chile
Col unhia
Venezuela
()tiier Smith America
< 'hinese Empire
British East Indies
12 mas. ending Die. 31
-
.
455,675
10,441.564
7,861.169
9,962.531
24,154,197
7,103,186
615.999
..
.
l'a/ut
.
_
.
.
.
..
of othir Manufactures of
Colton Exported to
1 1 4.854
10,517
2.723
1 I I .258
4,322
22.417
197.373.
< lermaiiv
Netherlands
Other
.
Europe
...
.
...
British North \rnerica
Central A meric m States and British
Honduras
Mexico
(’uha
Other West Indies and Bermuda
.
.
_
,81,195’
.
...
Argentina
Brazil
Chile
Colombia
Venezuela
Other South America
Chinese Empire
British East Indies
Hong Kong
British Aust ral.isn
..
.
ne Is'and'
other Asia and Oceania
British Vfr < :t
Al other Africa
.
14,796'
227.193
54,928
34,257.
32,717
27.057
65,030
72.568;
19.603!
7,87 1 j
5,5411
892!
...
..
.
<
275,991
16,169
.
Phlhpn
>ther countries
....
"4j
870.023!
Tola! value other manutaefures..
Total value of all manufactures
2.705,233!
.
749.892'
14.156
7.123
2,009
3.361
9.9401
641|
.
7.227
185.387
20,321
9.625
..
1,158,811
77,6631
153,902
2,721.932
19.577i
1,8291
..
169.8741
58,341
3,425
11 1,980
8,744
562,3041
2.473'
..
1.145,730
214,204
39,532
671.760
40,382
88,002
2.458.007
90.207
40,920
49,118
2,931;
.
S
S
1 970,06,8!
49.212
56.41 (»i
5.216!
...
S
121.441
22.177
690.587
623.930
433.032
245.959
321,745
65,323
21.371
47,045
540.546
6,821
9,695
23,227
28,941
419.207
58.161
334.899
9,136
109.594
515.492
89,647
9.161
233,795
258,622
27.759
910
232.049
11.411
20
6.168
275.881
15.005
5,919
199,546
9,955
98,795
587,112
772
4,895
79.784
5,175
855,819
5.049.000
8.SOX,506
-r
OO O
10,678.544
42,961.048 —
1
.
quiet for both
and shirtings.
yarns
received
the
to be well under contract.
We give
for to-day below and leave those for previous
this and la<t year for comparison:
1907.
81
32,v Cop
Tic 1st.
Jan. d.
1 1
0
18
‘25
if',
0 *4
d.
6
ip
6
(a) 9
fa. 9
'ii
10JS0
6
fit 9
io7„ r,
6
tf£9
l
r<i) 9
7
<f£9
s.
.
s
15
21
9 11-16"/
:<)
1 .*,-1 f, <a
6
9q HU) 15-16 6
9 11-16 <o P) 7s 6
1 l
<
fit 9
M id
arc con¬
the prices
weeks of
ings,
to
d.
9
9
9
5.96.8'h
5.86 S7s
(a.
9
(a:
5.9o
9
10
10
10
1
1
1
d.
sq
5.87'8sk
6.09 Sr*s
6.03 8-S
5.97 S\s
d.
S.
common
VpVs
finest.
Cl.
s.
d
4
4
*4 6
o
(a 9
9‘4
6
to
9V„
6
9
fa 9
4 b.
(a
5
5
fil
9 s 'n
(i
:>
4'2
,
fa
9's 6
9 H li
9\s 6
5
9
OC.)
<a 9
f</9
4U,
i
<a\
to
5
r>
Total
,
BAG GIXG, Ac. —The re ha
(<i
4
4,
44
4
41
d.
6.09
6.30
6.17
5.99
5.87
5.91
5.73
2,985
...
.
161.457
.
The
particulars of tilt* foregoing shipments for the week,
arranged in our usual form, are as follows:
---Oth.Europe —
Great French GerMex.,
&.C. Japan.
North. South.
Britain.
ports. many.
443
New York.
New Orleans. ..17,500
Galveston
.47,551
Pensacola
4,645
Savannah
Wilmington.. .13,300
Boston
2,106
410
Baltimore
549
Portland, Me.
Seattle
Tacoma
.
_
.
.
200
3,799
10
3,751
1.075
.
.
_
_
_
-
..
5
1
Total.
375
264
5,107
,795
8,161
9,580
..
...
100
2,467
30,157
79,346
12,806
10,080
_
31
.
*
_
500
_
_
-
.
13,300
2,106
_
-
-
2,148
,733
549
5,513
.
—
—
....
—
5,513
2,985
2,985
---
600
3,766 55.268
.86,504
.
6,182
264
8,875 161.457
The exports to Japan since Sept. 1 have been 126,061)
from Pacific ports, 10,000 bales from Galveston and
bales
970
have been
freights nt Xe w York the past week
quotations being in cents per 100 lbs.:
Got ton
follows,
Liverpool
Mon.
17
17
17
17
C:
.
Hamburg
.c.
•> •>
.c.
20
20
c.
Antwerp
e.
Ghent, via Ant.
Reval, indirect..
Reval, \ i.t Canal
Barcelona
Genoa
Trieste
c.
e.
c.
.
2«t
20
20
27»
30
20
32
45
.
c.
Wed.
Tues
17
17
i.22'
20
20
20
25
30
*
'
■>
Thurs.
17
17
22 1
20
20
20
25
26
■>
o •>
32
45
32
45
;
Fr L
17
17
23 a
18
20
20
25
30
30
26
26
22
32
45
•i •)
.r.
Japan.
•> •>
i
20
25
30
.c.
.
a
Sat.
c.
Manchester
Havre
Bremen
n
o
L
1
D
A
‘S'
30
20
32
4f>
A rid 5 per cent.
LIVERPOOL.-
By cable from Liverpool
have tin; fol¬
we
lowing statement of the week’s sales, stocks, Ac., at that port :
Feb.
Sales of the week
bales
speculators took
took
Sales. American.
.
,
Feb
62,000
2 ,000
1 ,000.
3,000
5,000
477,000
417.000
re
14,000
82,000
Holiday
902,000
805,000
149 000
1 28 .000
at
New
York
955,000
140,000
106,000
498 ,000
442 .000
1 60,000
N ot
1 1 ,000
1 16,000
1 9,000
102 ,000
187,000
2,000
2 000
celved—
49,000
795.000
Feb. 22
46,000
47,000
888,000
.
15.
56,000
Feb. 8
1.
55,000
.
Actual export. •
Forwarded
Total stock -Estimated
Of which American
Est.
Total import of t he week..
Of which American
Amount alloat
Of which American
865,000
469,000
412,000
Liverpool market for spots and futures
day of the past week and the daily closing prices of
spot cotton have been as follows:
each
been
no
a.c-
i
i
Spot.
Saturday.
Market
12:15
1*. M
|
,
.1
Moderate
demand.
.
Futur,s.
Fair
business
Fair
business
doing.
doing.
(5.03
7,000
s.ooo
500
500
to
i
Ttnsday.
6.03
Quiet.unch.
Market
opened
Monthly.
;
Wed'day.
Thursday.
Good
More
demand.
demand
1
pt.
Quiet at
2 points
decline.
decline.
5.99
8.000
500
'
Quiet at
2 points
decline.
.
5.94
,
r
n~
10,000
0.9/
12.000
1,500
1.000
\
Quiet at
!
2 Q 24
1 pts. dec.
Firm at
2 fa 3 pts.
advance.
|
Market.
Sfy.
di'C.
4
P. M.
’
Friday.
i
Mhl .Upl'd.s
Sales
.
tivity in tin* market for jute bagging during the week, and
the following prices have ruled, viz.: S^e. for .1*4 lbs. and
9Lsc. for 2 lbs., standard grades. Jute butts continue dull
at 3(ft 4c. for bagging quality
.
..
Spee.&cxp
JUTE 1UTT8
549
5,513
The tone of the
Cot’n
Mid
Sl4 lbs. Shirt¬
32s Cop
Twist.
I'pi's
(1.
Fob.
1
(’ot'n
lbs. Shirtinys, common
tn finest.
i
d. s.
107 >i: 6
!07, ii
1 :;-!•» or
by
market
1906.
'
1.733
19— Aki
..
...
Spinners
sidered
5
.
Of which exporters
is
410
.
berg
328.
PORTLAND, ME.—To Liverpool—Feb. 16 — Canada. 549
SEATTLE- To Japan—Feb. 18—Dakota. 5,201
Feb.
Marti., 312
TACOMA
To Japan -Feb. 2<t
Tydcns. 2.98,5.
Of which
i
MANCHESTER MARKET.—Our report
cable to-night from Manchester states that
22
_
bales from New York.
0
S
ailed Kingdom
Belgium
Frame
300
13.300
2,084
-
27,000,609 69,519,4591511,829,720] 790,259,024
SI .835.210 S4.193.7S1 $32,282,5041 $47.652.434
S 0603
$.0680
$.0603
$.06311
1
200
.
..
Total
Total yards4*f above
Total values of above
Value per yard
2,362
.
.
yards.
Japan
— —-
1906.
-
United Kingdom
.
..
7,218
.
.
Qunnhtus
8,161
To Bremen- Feb. 16 —Harley. 8.161
SAVANNAH
To Bremen—Feb. 15 —llilltarn, 7,218
To Hamburg—Feb. 20—Christian Bors, 2,362..
To Reval—-Feb. 15—-HPltarn 200.
To Notrkoping—Feb 15— Hilltarn, 300
WILMINGTON—To Liverpool—Ft?b. 19—Anglo-Chiliaii. 13.300
BOSTON—To Liverpool—Feb. 19— Sa,\onia. 2.084
■ .... _
To Manchester—-.Feb. 15—Bostonian. 22
BALTIMORE—To Liverpool — Feb. 15—Flstermore, 410
To Havre—Feb. 11 — Barnesmore. 5.
To Bremen—-Feb. 19—Darmstadt. 1,405
..Feb. 20—Heidel¬
pi.
1
<a
pt.
r..
adv.
\ "rv
st’dy V’rv st’dv
M <-t unch sfy at 1
1
pts. '•I 1 ! j
PtS. jal 11 j «i 5
61... (a 71 j
decline.
decline.
pts. adv.
to
j
Pts. dee.
Not re¬
ceived—
Holiday
New
York.
at
'
Feb. _d
Tin* prices of futures at Liverpool' for each day are given
Prices are on the basis of Uplands, Good Ordinary
below.
clause, unless otherwise stated.
The prices arc (liven in pence and lOOf/t.
Thus: 5 70 mentis 5 70-100</.
Mon.
Sat.
to
22
i.m.
5
Feb.-Meh
Veil.-Apr
Apr.-May
12 4, 4 >12 4
4
p.m.(p.m. p.m.jp.m. p.m.
d.
d:
d. ! d.
d.
d.
70
j
f>
-
_
4
p.m.
_
..
Mav-.I line
June-!uly
.July- \ug_
Aug.-Sep
Sept .-Get
.
_
•
4,59 4-63
j 55
158 4
4 ‘ 53 4 j 57
if»2
,56
!55
:51
!50
(48
'., 44
(41
38
_
Oct.-Nov.
.
Nov.-Dee
.
j
...
.
.
_
.
4138
Fri.
Thurs.
4
112 4!
12 4
p.m
d.
d.
68 4 65 4,64
59
j 60
:61 4! 59 4 :55
65 b, 164 q 64
62 4,60
64
163
A
153
j58
58 4 156 b' ,r>3
_; a 62 4 61 bj 61
5 61
59 b> 57 4155
52
(60
58
56
'54
! 51
.5 59 n 58 '
56
r> 5 7
54 4 32 !•> 49
15 6
52
'51
: f»
52 b, 52
(49
45
48 4(48
46 4 43
7> 49 Vn 49
44 4 44
17i 44 4 44
43
40
43 bj 44
4 3 4 4 2 !-o 39
15 4 4
* 5 44
43 4 44
(43 4,42 4 39
44
44
bj 44
43
bj 44
140
.; 5
11
February.
Dee.-Jan.
Jan .-Feb.
12 q
12 q,
p.m.
Wed..-
Tues.
I
Feb. 16
Feb
45!>
THE CHRONICLE
11)07.J
,54
152
48 4
4 46
4'43
42 4
4|38
42 4
,38 4 43
1 2
4
!
4
p.m. p.m. p.m
Cash
60
59
58
57
Not re
eeived11
Sat.
57 4
54
.53 4
corn.
.May delivery in elevator
July delivery In elevator
ollday
;>;>
at
51
49
New
York.
45 4
45
45
45 4
Mon
58
Tues.
54
53
•>3 •' s
53 4
PRICES OF CORX
('LOSING
DAILY
58
53 4
53 4
Tues.-
.
46 4
46 4
46 4
4
53
IN
CHICAGO
Wed
46 7 s
46 »*
46 4
Thurs.
47 4
Ft TURKS
47
46 4
47
.46 7s
.464
-
-
4
Thurs.
Fri.
Holl58
54 4
day.
Wed.
58
Mon
Stit.
46 4
May delivery In elevator
July delivery In elevator
September delivery In elevator.
NOR K.
NO. 2 MIXED CORN IN NEW
DAILY CLOSING PRICES OH
d.
</.
d.
66
61 4
primary markets and burnish pressure. The proportion of
contract grade in the daily arrivals at Ghicago, however, has
continued small, and th s fact has tended to restrict short
selling.
The cash dt mand has been quiet as a rule, but cash
prices have been firm. To-day prices advanced a fraction,
owing to a rally in wheat, light offerings, the firmness of the
cash markets and covering by recent sellers.
464
Fri.
Hollday.
46 4
.
47
delivery in the Western market have shown
change. The trading has been rather light, many
Oats for future
marked
no
awaiting developments, especially
operators holding aloof and
regards the attitude of loading bulls. The cash market
has been quiet but firm.
Cash interests have,sold at times,
but there has been a certain amount of bull support, and
shorts have covered to some extent.
To-day prices ad¬
vanced, owing to the rise in wheat and corn, light offerings,
buying by leading operators and covering of shorts.
as
BREADSTUFFS.
Thursday, Felt. 21 1907.
Prices for wheat flour have remained about stationary.
The trading has continued on a small scale, buyers still pur¬
suing a hand-to-mouth policy. Trade at the principal
milling centres of the Northwest and the Southwest has con¬
tinued quiet.
Prices everywhere, however, have been linn
in the main, despite the recent decline in wheat.
The ex¬
port trade has been lifeless and the shipments from the sea¬
board have continued light.
Rye flour and corn meal have
been quiet and steady.
Wheat, under the influence of liquidation, some increase in
the receipts at the Northwest, and reports at times that the
Russian demand had been pretty well satisfied, has declined.
Mere speculative liquidation, however, has played no unim"
portant part in the decline, and it is worthy of remark that
within the last few days the export business has increased,
partly, as it appears, for Russian account. Moreover, ac¬
cording to the foreign advices, Russia has been Inlying in
London and Hull, to say nothing of the German markets.
For all that, however, a reactionary tendency has at times
been noticeable in the foreign markets, and it has somewhat
puzzled the grain trade to notice the relatively laige exports
The world's shipments reached a
from Southern Russia.
much larger aggregate than in the previous week, even those
from Russia, curiously enough, showing a small increase;
while those from Argentine, Australia, India and the Danubian provinces exhibited a, noteworthy augmentation.
The
large increase in the quantity on passage to Europe, 0,800,000
bushels, was also not without its effect
But Russia has nev¬
ertheless of late been a pretty steady buyer of durum wheat
at home and abroad, and it also appears has bought freely
of Gernntn and Argentine oats.
Yet, judging from appear¬
ance's, large speculative interests in Chicago have been heavy
sellers, and apparently trustworthy reports that the railroad
blockade at the Northwest has been sensibly relieved appear
to indicate that wheat in that section will hereafter be mar¬
keted more freely.
The future of prices admittedly hinges
largely on the Russian demand and the receipts at our
The weather may also have an influence.
Western markets.
Within a few days it has become considerably colder at the
Northwest aiuL fears have been entertained that the lower
temperatures might penetrate southward to the winterwheat belt which, taken as a whole, is not well protected
by snow. Some complaints of the condition of the crop have
been received from Illinois, Missouri and Texas, though from
present appearances no serious damage has as yet been done
by winter-killing or by insects, which, however, an* said to
have .done some injury in Texas.
To-dav prices advanced,
owing to cold weather at the Northwest, fears of damage to
the winter wheat, some reports of injury to the crop in parts
of the Ohio Valley, moderate receipts at the Northwest and
rumors of large export, sales partly to Russia.
.
Mixed. 26
to321bs.
\\ hit e
Silt.
84
85 1,
No. 2 red winter
Ma\ deli\cry inT-levator
84
July delivery in elevator
DAILY C.LOS 1 XG
PRICES
May delivery in elevator
July delivery In elevator
September dcliverj In ccvator.
of
4
Mon.
83 4
85 ',
84
1'uis.
83
84 4
81 4
IN NEW YORK
Wed.
S3 4
84 4
84 4
Thurs. Fri.
Holi¬
83 4
84 J4
day.
84 4
wirr: AT FI .'TURKS IN CHICAGO
S,P.
-78 4
78 4
77 4
M<>n.
78 4
78 4
78
Tins.
77
77 4
77 4
Wed.
77 4
7,8
77 4
Thurs. Fri.
Holi¬
77 .4
77 4
77 4
Indian coin futures have moved within narrow
The speculation has been quiet. outside interest
off.
The (one on the whole has been somewhat easier,
to the depre-Mon in wheat, liquidation,
day.
having fallen
owing
liberal receipts at the
Fri.
47
47
Roll
day.
36 to 38
lbs.
50 b> -52
b.
50 )52
.
50 4 -52 b,
4
Wed.
40?*
40 b>
36 >8
32
2 50 © 2 60
3 50 © 3 75
Straights
Patent, spring
Patent, winter..
Kansas patents.
3 65 ©
3 90 ©
3 80©
3 95 ©
-----
Fri.
Hollday.
4
37 >4
32 4
s
.$3 60 @$3 80
3 10© 3 40
—
(Kansas clears.
Hlcnded patents.
3 75 ] Rye flour.
4, 30 I Buckwheat flour.
4 10 j Graham flour...
4 10 \ Cornmeal
Clears
Second clears
41
FLOUR.
$2 75 @$3 10 | Kansas straights..
grades
Thurs.
closing ‘quotations:
tire
*
Low
Tues.
36 4
32 3 ^
32 H
..32*k
September delivery In elevator.
following
Mon.
40 Ys
37 1 s
Sat.
40 b'.
.37
May delivery In elevator
.Inly delivery in elevator
The
50-52 bj
50 • j-52 'j
PRICES OP NO. 2 MIXED OATS IN CHICAGO.
DAILY CLOSING
4 50 © 5 10
3 65 © 4 20
2 10© 2 20
2 90© 3 75
2 70 © 2 80
—
GRAIN.
Duluth, No. 2
Red winter, No. 2
Hard
“
“
—.
f.o.b.58
f.o.b.53 4
f.o.b.54 b,
91 JG
...
N.
Nominal.
Nominal.
Nominal.
Nominal.
No. 2 Western
Oats—-Mixed, per bush.—
No. 2 white.
No. 2 mixed
No. 2 white,
c.
|Corn, per bush.—
No. 2 mixed
f.o.b.90?g
No. 2 yellow, new.'.
f.o.b.83?-8
No. 2 white, new
f.o.b.87?3 Rye, per bush.—
e.
Wheat, per bush. N. Duluth, No. 1
State and Jersey
Barley—Western
Feeding
49 @50 H |
47
|
50 ©52 H 1
clipped-.
The statement of the movement of breadstuff’s 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 been:
and
Wheat.
Flour.
Receipts- nt
229,825*
.
Minneapolis
■
Toledo
2.200
•
Detroit
Cleveland.
St. Louis.
532
54.450
,
245,300
316,000
48,680
141,971
1.757,600
61,000
10,330
33,430
247,000
281.094
304.724
202,600
Total week
Same wk. ’05
1
.
132
17.24b
884,23Si
100,072
3,005,529| 1,139.294'
2.447,850}
1,481,125!
817.162!
102,260
69,900
298.000
117.600j
Wheat.
Flour.
M Is.
116,535
30.892
8.766
60,770
50.043
1,3!M1
43.17 i
12.94 1
Total week
Week 1906
9.770
13.275
24.1 13
.
,
374,609
282,686
|
47.134,015 5,,146,972
59,416,54016,033,086
110,06:3.7241 101,202,799 51,134,04515.358.126
receipts of flour and grain at the
Newoprt News
3.000
5.000
-
-
__
the work ended Fob. 10 1907 follows:'
New Orleans.a
Galveston
Montreal
Mobile
St. John
12.038,
71,500
67.000
2,951,051
1905-06..
1904-05. _.1 10.444.851, 156.871.652
Baltimore
H ichmond
i
6,059,417
4.499.5541
l
Philadelphia
.
1
207.0001
: 12.363.57b: 153.572.188 115,971.762 121,377.323
12,054.682 170,496.851 113,704,1 SOI 145,861,397
New York
Boston
Portland
_
3.253.194
2.060.032
2,088,814
(
Since Aim.
1,860j
171.380)
457,600j
-
Same wk. '06
'39,003'
235,510]
63.3001
27,822:
51,711!
595,200
1.007,600
.
Total
ll yi.
7,300
712,000
14,550;
Peoria
Kansas City
1906-07
{ Bat ley.
Oats.
Corn.
hhls.WWdhs.bush. 60 Ihs. hush. Hi) lbs.'bush. 32 lbs. bvsh.AHlbs. bit. 56 lbs.
i •}•> nnn
1
in.", ctc!
i a jciv
.l\> mill
it •> oo-1
q H7 ocit1
42,000
314,460
1,405,875!
3,347.266
133.000
173.337'
32.400
246,000
208,0001
197.000
36.025
62.000
Chicago
Milwaukee
Duluth.
hush.
235.000
Oats.
hush.
220,500
52.175
^ 2.800
101,069
94.826
58,212
Corn.
hush.
652,525
'
00.597
232.000
1 ,vJ9
107,896
14.808
1.700
1 70.000
1.400
3
162.513
1.297.7-13
1,100,459
123,527
299.446
1.028.507
42,814
34.285
372.000
245.000
12.000
23,000
Rarity.
Rl/c.
hush.
bvsh.
54.000
1.950
1,000
-
8.198
4.000
2.716
10,411
1,072
.
96.000
..
.
.
_
55.000
2.250
18.824
-
2,833.704
4,307,243
seaboard ports for
702.556
1 .735.893
.
.
.
10.573
112,771
560,552
...
17,149
20,076
on
for foreign ports
Receipts dp not include grain passing through New Orleans
through bills of lading.
as
Total receipts at ports
follows for four years:
a
Receipts oj
—-
bbls.
Flour
bush
Wheat
limits.
Thurs.
.
,
CLOSING FRICKS OK WHEAT FUTURES
47
47
47
Wed.
clipped.
,
DAI L5
Tues.
Mon.
Sat
NEW YORK.
PRICES OP OATS IN
DAILY CLOSING
Corn-..
Oats.
-...
Barley
Hyp
Total grain
from Jan. 1 to Feb. 1G compare
1905.
1901.
1,762.920
2,715.460
2,459.1 is
28.564.131
4,178.805
9.560.295
13,234.378
4,488.388
306.000
1.071.126
75.741
221.653
68,829,753
31.34S.921
28.260,575
1907.
2.527. 127
1906.
2.189.223
11.483.236
17.515.6(17
5.43 1.945
12.005.109
907,178
184.340
40,319.729
12.462,777
3.735.838
755,861
The
export.Sjfrom
('riding Fob. If) 1907
New York
Portland
.
Boston
Philadelphia
.
t
Corn,
Flour,
Oats.
Rye,
Barley,
bush.
bush.
bbls.
bush.
bush.
bush.
471,261
262,000
338,555
2,705
*.19*
0,87*
224,6X5
4NS.715
120,000
76,04s
52.772
*,700
*.454
20.277
Peas.
bush.
5*5
62,020
270
46.171
6,046
2,166
.
28* ,035
51 1 ,160
64,2*5
762,250
171.42*
2::.ooo
Newpori News.
5.001
201,2 So
New Orleans
(ialveston
Mobile
St.
.
162.516
John, N. B
2.*00
_
i ,200
July 1 J906 is
as
t
1000.
bbls.
60,1**
000.124
.
-
-
.
10,576
10,40 1
11.155
54,771
511.556 520,607
..
Total
Il’xAFib. 10.
bush.
1000.
buhl.
('ontinent;_
So. & Cent. Amer
West Iedits
Brit. No. Am. Col:s.
Other Countries
Total
Total 1905-96
260.521 7.202.*04
100,00 l 7.0 10.60 l
Sinn
duly 1
SO 6.7*5
10, 120.250
20 5 O^.251
5SS.5S1
1 170.5*2
5*1,774
1.240.7*1
0.210
27.*'0
1 .01 1
1 .005.1 00 00.S65.40 1
1 .612.4 10 67.077.102,
1000.
bush.
„
,
2.170.570 6*..070.077
6.061,570 75,,7*1.17*
supply of grain, comprising tho stocks in
the principal points of accumulation at lake and
seabetard ports Feb.
1(1 1907, wtis
Wheat,
Corn,
bush.
bush.
1 .007.000
521,000
126 .000
Philadelphia
256.000
*4 *.000
B iltimore.
New Orleans
552,000
New York
afloat.
.
os
.
follows
Rt/i.
Oats.
bush.
210.000
bush.
7,090
Bur/ty,
bush,
16.00.9
.
afloat
Toledo
43S.OOO
3 LOO l
1 13,000
3.*6,6,00')
102.000
10,000
567.000
*80.000
304.000
562,000
! ,000
1
“
alloat
.
afloat
Milwaukee
afloat
_
62 >,000
.
1
.
“
afloat
.
St. Louis.
afloat
Kansas City
Indianapolis
Mississippi River
.
.
Total
Total
Total
Total
Total
Total
Pel).
Pel).
Pel).
Pel).
Pel).
Pel).
1007
1007
1006
1005
1004
1006
46,435
on
deliveries
as a
rule.
The export
standstill, prices being too high,
heavy staple's, to attract buyers.
4 1.000
15.000
1:56.000
17* .000
1.10 1.900
528,000
230.000
256.000
572.000
2,000
5*2.000
7S.1.0.90
165..100
107.000
same
6*.000
55.* >00
57*.000
22.000
great as <*ver, with little* prospect of relied in’the immediate*
future.
Silks show a ste'aelily increasing demand.
Burlaps
5.740.000
2,*66.000
633,000
3. **0.000
660.000
31 1 .0110
5.7 IS.000
1 .070.000
55! .000
102,000
5*7.01)9
20S.000
13.5*5.000
0. 1 1S.000
4 1.567.000
*.160,000
15.1*7.000
47,252,00.)
2,848
262.000
.37,458,000
*.*46,000
.66.'*47.000
4*.05 1.000
*.712.000
10. 1*1.000
70.000
in
14.0. >0
10,000
.strong and scarce.
1 .606.000
1 .623.000
20.224,000
2.35*.000
) .770.000
1 .003.00')
,0*8.000
5.07 1.000
Importer! woolens and worsteds
1907. and for thi*
follows:
2.171 .000
2,6!7.000
4.600,000
5,075.000
corresponding periods of last
4.306.000
1 ,*5*.O')0
—:
J.
-r
year, are* a?
V.
o
—
£
THE DRY GOODS TRADE.
Xc>p
York, Thursday Xiqht, Feb. 21 1907.
pronounced activity in the
dry goods market, but particularly in the cotton goods divi¬
sion.
The influx of buyers, which started last week, con¬
tinued, and there has been a steady increase' in the demand
for spring goods, buyers experiencing considerable difficulty
in securing all the goods they require, while jobbers are at a
loss to set' how the demand is to be fully met.
Purchases
have not been confined to any one particular line, but have
extended to all goods from the cheapest prints to the best
fine yarn wash fabrics.
Most sellers have sold t he products
of their mills into tho late spring; the question of,delivery is
uppermost in the minds of buyers, and jobbers have been
able to get their own prices.
Mills having goods free for
order are holding out for top prices, and on special lines
buyers have been offering premiums for early summer deliverv.
Prices for all classes of cotton goods, especially fine
yarn fabrics, are now on the highest basis in proportion to
the staple experienced in years.
There has also been strong
buying of staph' cottons for fall by out-of-town interests,
while a good business has conn' forward from buyers now in
town for additional lines of woolen dress goods, silks, fine
cotton wash fabrics and linens.
Spring lines of white goods
are well sold up, and domestic lines for fall are
already be¬
ing freely taken; prices are firm with advances of 2% to 3%
in some instances.
The inequality between the selling of
fancy woolens and fancy worsteds for next fall has caused a
revision on medium-weight, fancy worsteds and mercerized
fabrics, selling agents having granted to large buyers conces¬
sions ranging from 2}2 to 5 cents a yard under opening val¬
ues.
Print cloths continue very firm: regulars are in request
but scarce at W2 cents, while narrow cloths have been marked
up to 43^c.
Export trade is extremely quiet.
DOMESTIC COTTON GOODS.—The exports of cotton
o Is from this port for tho week ending Feb. 1C were
7,336
This has been another week of
(
are*
good roe|nest.
Importations and Warehouse Withdrawals of Dry Goods.
The importations and warehouse withdrawals of dry
goods
at this port for the' week emding Fed). 16 1907 and since Ian. 1
1 1.212.000
1 1 .51 1 .000
17.601 JIOO
9.240.000
the* trade*
to
FOREIGN DRY GOODS.— ('onditions reunain about the'
in the linen trade: the* scarcity of all descriptions is as
River.
16
0
17
IS
20
21
30,568
having placed liberal orders in the pri¬
On plain staple worsteds, medium grade,
selling agents have booked their full epiota of initial orders.
The closing out of light-weight overcoatings for spring, 1907.
has progressed satisfactorily. and stocks of staple oven-coat¬
ings have moved we'll at full prices.
In drc>> goods most of
the* spring business in the* primary market has been oom¬
ph* tod. and fancy line s for fall will soon be* opene'd.
()ti
On Lakes
On Canal and
1,027
0)5.900
3,721.000
21*.00(4
140
market.
mary
are*
.
Peoria.
265
2.302
10,466
on
tailors
603.009
.
Minneap ,'lis
2,025
35* .009
2.265.000
400.000
“
212
6.206
8,073
1*7.000
145,000
10,00(1
2.273.00)
....
2,527
1 .454.400
70s.01.)
**
Port William.
Port \rlhur
afloat
Duluth
7,366
1.405
3,520
WOOLEN GOODS. — In the men’s wear market indica¬
tions are* that fancy woolens will be* prime favorites for fall,
-
10.07 1,00-•
“
301
16.60 )
.
Chieasro
...
..
('specially
10.00')
afloat
Detroit
.
4,305
37
468
36
1 ,000
2.721 .000
.
“
654.0 VI
20.000
24.000
20*,000
eialveston
Montreal
Toronto
Buffalo
“
I ,*27.000
523.090
*,0011
64,000
100,000
167.000
..
-
bo guaranteed for distant
trade* is practically at a
"
Boston
556
344
644
52
320
622
126
_
high prices.
visible
granary at
.2,640
18,375
3,513
special constructions sellers are'securing unusually
Staple sheetings and drill* for May. June and
July delivery have boon in urgent request and prices have
been advanced *4 cent a yard during tin* week.
37-inch
drills aro extremely scarce and then* is a sharp demand for
subst it ntc* linos.
Prices of bleached goods generally continue
to show an upward tendency.
All description*, of sateens
and twills are in extraordinary demand at stiff prices.
In
cotton dress goods sales for fall have been unusually large,
and offerings of heavier fabric’s have been more' liberal than
last year.
Staple linings are well cleaned up, only small
quantities of mercerized cottons and sateens in tho finer
grades being-available, and even in these' deliveries can only
even
150.055
-
3,070
2,856
10,576
2,078
3,301
since Jan. 1 has been
82,351,990 in 1907, against $2,492,374 in 1906.
The scarcity oh bleached and half-bleached cloths for near¬
by delivery has hold this division of the market firm, and
-
Wnk
Ed). 10.
bush.
1
.2,643
..
-
The value of these New York exports
-CornShift
■lulu 1
141 ,005 6.06*.051 1,042.05* 6 4.210.*10
*14.076 61 .001.260
51,260 1 .020.050
26_.00*
1 S.i.Yt
1/7.000
20.so:;
00 7 ,*45
*0.0 17
20.225
16s
*.000
.>*,664
1 40,10*
070, *0.4
The
-
..
-Wiutil-
Exports lor in < Ic and Ei l>. 1 (5.
sinn Julu 1 to—
bbls.
.
_
’
below:
Wuk.
.
.
hese export s for tile week and since
Since
■IiiIji 1
.
....
_
._
Other European
China
India
Arabia
Africa
West Indies
Mexico.
Central America
South America
Other Countries
1006
Since
Wuk.
Jan. 1.
6
05
i5
253
—
Since
Jan. 1.
300
82
Week.
53
York to Feb. 16.
Xew
(treat Britain
-
.
2.250
!*.*24
16,275
24.116
El our-
United Kingdom
i
_
1907
-—
.
-
The dost in.i it ion of
.
.
.
1 .005,100 2 .170.570 260,521
1 1,612.440 5 0.61,670 100,004
Tnjal week
Same time 1905
packages, valued at §383,633, their destination being to the
points specified in the tables below:
iif' sov(‘ral seaboard ports for tho
shown in tho annexed state me
aro
Wheat,
Experts Irion
Baltimore
[ VOL. LXXX1V
THE CHRONICLE
160
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0 ITY BEfABTMENT.
STATE Am
News Items.
follows:
Section 13 to Article IX.—Exempting1 from taxation property of the
Cogswell Polytechnical College.
Vote 63,250 to 43,327.
Amendment Section 17, Article VI.—Relating to salaries of the judiciary.
Vote 50,957 to 49,905.
Amendment Section 19, Article V.—Relating to compensation of State
officers.
Vote 31.063 to 71,435.
New Section 13H to Article XI.—Reads as follows:
••Nothing in this
Constitution contained shall be construed as prohibiting the State or
New
1
and county, city, town, municipality, or other public
corporation. Issuing bonds under the laws of the State, to make said
bonds payable at any place within the United States designated in said
bonds."
Vote 69,305 to 32,384.
Amendment Section 8, Article XI.—Relating to the framing and adoption
Vote 49,327 to 48.391.
of charters of municipal corporations.
Amendment Section 16, Article XX.—Relating to terms of officers or com
missioners and certain employees whose terms of office are not provided
for in the Constitution.
Vote 53,307 to 43,200.
Amendment Sections 15 and 19, Article V.—Relative to the duties and
Vote 31,556 to 04,944.
salary of the Lieutenant-Governor.
Amendment Section 7, Article XII.—Relating to the extension of corporate
Vote 37,098 to 65,982.
existence of private corporations.
New Section 16 ML Article XI.—Providing for the deposit of State, county
•and municipal funds in national and State banks.
Vote 62,767 to 35,213,
Amendment Sections 2-23, Article IV.—Relating to the length of leglslat vie
sessions, the compensation of members of the Legislature and employees.
county, city
Vote 37,360 to 57,785.
New Section 20, Article
XI.—Relating to the acquiring of streets, parks,
by the city of San Francisco.
Vote 35,649 to 58,042.
Amendment Section 8, Article XI.—Relating to the amendment of the
charters of the city and county of San Francisco and the city of San Jose.
Vote 31,867 to 58,254.
etc.,
Repealing Section 5. Article
XIII.—Relative to taxes or assessments on
mortgages, etc.
Vote 54,894 to 39,876.
Addition to Section 18, Article XL, reading as'follows: "The city and
county of San Francisco, the city of San Jose and the town of Santa
may make provision for a sinking fund, to pay the principal of any
Indebtedness incurred, or to be hereafter Incurred, by it, to commence
at a time after the Incurring of such Indebtedness of not more than a
Clara
period of one-fourth of the time of
shall not exceed seventy-live years
maturity of such indebtedness, which
the same.
provision of this section
from the time of contracting
Any indebtedness incurred contrary to any
shall be void.
Vote 48,221 to 43,629.
A
majority vote ratifies an amendment to
the Constitution
Taken.—We arc advised that
the contemplated appeal from the decision of the District
Court in the suit brought to prevent the issuance of $15,000
5% water bonds was not perfected within the time prescribed
by law and the litigants have abandoned further opposition
to the issuance of the bonds.
As stated in V. 82, p. 8.82,
the decision of the District Court was in favor of the bonds.
Los Angeles—San Pedro, Cal.—Annexation Election.—An
election has been called for March 14 to vote on the proposi¬
tion to annex San Pedro to the city of Los Angeles.
Massachusetts.—Street Hallways Meeting Requirements of.
Sarin'js Rank Law.—The Railroad Commissioners have certi¬
fied to the Bank Commissioner, as required by Chapter 483,
Laws of 1902, and Chapter 463, Laws of 1906, the following
street railway companies as Inning earned and paid 5%
Gibbon, Neb.—Appeal Not
dividends for the paM five years:
Athol & Orange Street Ry. Co.
' | Holyoke Street Ry. Co.
Boston Elevated Ry. Co.
| Fittslield Electric Street Ry. Co.
Citizens’E-tee. St. Ry. of Xewlmryp’t t SpriiigiiHd Street Ry. Co.
Dartmouth & Westport St. Ry. Co. , Union Street Ry. Co.
East Middlex Street Ry. Co.
; West End Street Hy. Co.
Fitchburg & Leominster St. R.v. Co. |
Th(» Citizens’ Electric Street Ry. of Newburvporl has been
added to the list since last year, while the lloosae Valley
St reef Ry. has been dropped, owing to consolidation.
Litigation.—The following letter
J. P. Wood, City Attorney, has been received
in reply to our request for information regarding the
from
us
brought by the Edison Company to prevent
$200,000 4% municipal improvement bonds:
William B. Dana Co., l'lne St., cor.
by
suit
the issuance of
Pearl St., Xcw York.
Sirs.—Mr. Reman Dyer, city clerk of the City of Pasadena, has
asked me to reply to your letter of Dee. 21 addressed to 1dm.
The suit in the Circuit Court of the United States in and for the Southern
Division of the Southern District of California, commenced hy the Edison
Company to enjoin the city of Pasadena front issuing $200,000 4% municipal
Improvement electric lighting and lire department bonds, is not yet at issue.
As you are perhaps aware, a suit was commenced during April 1906 by the
directors of the ’Edison Company in the Superior Court of Los Angelei
The State procedure enabled the defendants
County to enjoin the sale.
to bring the matter to immediate issue, and the cause was set for trial
May 13.
The action is clearly without foundation in law or in fact, and
was commenced, without doubt, purely with the expectation of preventing
bidding.
Instead of trying out the contentions, plaintiffs dismissed their
Dear
Federal
plaintiff. This
suit in the Superior Court and the above-mentioned action in the
Court was commenced by the Edison Electric Company as
action was based upon the same allegations as the action in the Superior
Court, and is equally without
foundation or possibility of success.
The
complaint does not even state a cause of action, according to the opinion
of Messrs. Hunsnker <v Britt, special counsel to the city, and of Dillon &
Hubbard and of my department.
The plaintiffs have not asked for a restraining order pending the hearing,
consequently the defendant has no means of expediting the case, and by
reason of the cumbersomeness of the proceedings in the Federal Court,
the cause is not yet at issue, and there is little hope of its being tried within
two or three months unless the plaintiff should ask for a temporary restrain¬
ing order or temporary Injunction, in which ease the matter would of cource
have to be at once heard and determined.
Very truly yours,
J.
P.
WOOD,
City Attorney.
1453, and 1284; V. S3, p. 115.
Irrigation District, Cal.—Bond Decision.—The fol¬
lowing from San Bernardino appeared in the “Los Angeles
See V. 82, p.
Rialto
Times” of Jan. 16 1907:
Findings have just been handed down in the ease of X. W. Stowell
against the Rialto Irrigation District, the judgment of Judge Bledsoe hav¬
ing been for the defendant.
Stowell sued to recover on coupons of a $500,000 bond issue put out by the district in 1890.
The Court holds that the
bonds were disposed of for an illegal consideration and therefore are In¬
valid.
Tiffs decision saves the ranchers of Rialto from an indebtedness of
over
$ 75 000.
de-
payment on the bond Issue.
Under the judgment the
feudants secure costs.
Early last summer Rialto ranchers offered to settle the
bonds at the rate of 25 cents on the dollar, but Stowell refused the offer.
Since then this offer has been withdrawn, and Attorney Henry Goodsell,
outstanding-
representing the ranchers, to-night stated that there was no
being entertained by either party, nor would t.hero tie.
offer of any klud
San Francisco, Cal.—Dupont Street Bond Decision.—The
following report of a decision of the Supreme Court in the
litigation over the Dupont Street bonds,long in litigation,
appeared in the San Francisco ‘‘Chronicle-” of Jan. 4:
Court
The
Issued
by the city under the Act of March 23 1876, for the purpose of widening
Dupont Street for that portion of Its length that is now known as Grant
The Supreme Court yesterday reversed the decision of the Superior
In the case of Albert Meyer vs. the City and County of San Francisco.
action was brought by Meyer to recover upon thirteen of the bonds
Avenue.
Meyer obtained a
In its decision the Supreme
Judgment in the Superior Court.
Court holds that the bonds were issued under
provisions of the Act mentioned, according to which they were to be paid
out of a fund to be raised by means of a special tax upon lands lying within,
a certain district.
This tax was to be levied annually in an amount suffi¬
cient to pay the Interest and one-twentieth of the principal.
The comple¬
the
work
tion of
of widening the street was to be deemed an acceptance by
the land owners of the lien upon their property to secure the payment of
the special tax, and was to operate as a waiver of claims, based on the
bonds, against the city.
These provisions of the Act appear in the bonds.
The Court holds that these provisions release the city from any obligation
to pay these bonds, which were to have been paid out of the special fund.
The case being remanded, the plaintiff should make tlie landowners who
were benefited by the widening of tHe street parties to the action.
A judg¬
ment against the city alone would not, the Court holds, hind the owners of
the property, though it would prevent the operation of the statute of
limitations.
Terre Haute, Ind.—Proposed Municipal
The Indianapolis “News” has the following
Water Plant.—
to say regarding
municipal water plant for this city:
a
Terre Haute, Ind., Feb.
1.—The committee of the City Council appointed
consider the water-works question will report unanimously in favor of
building a municipal plant ami of submitting the proposition to the voters
of the city.
The plan is to interest capital
A special election is advised.
in providing $800,000 on 4% bonds, taking the plant as security.
The city
a
has
margin of $200,000 in its debt limit of 2% on a tax valuation of $27,to
000,000.
Chairman Allen of the committee says the water bill now paid by the city
for its lire plugs would cover all cost of operating the plant, leaving
com¬
mercial sale of water to pay principal and interest on the loan from year to
the
year.
of California.
Pasadena, Cal.—Status of
It appears that in 1890 the ranchers of the Rialto colony organized an
irrigation district and entered into a contract with the Fontana Develop¬
ment Company whereby the latter agreed to install a water system and
furnish 1,000 inches of water, piped to every twenty-acre lot. to Irrigate a
total of 7.000 acres, accepting in payment the $500,000 bond Issue.
The
contract was sub-let to Stowell. who partly completed the contract, and
secured part
California.—Official vote on Constitutional Amendments.—
The official vote cast at the November 1906 election on
various constitutional amendments has been announced as
any
461
THE CHRONICLE.
Feb. tio 1907. J
The constitutional limitation of 2% would not be
he says.
The committee
the city on Otter Creek.
method of raising the money,
that the plant be built north of
violated by this
will recommend
Toledo, Ohio.—Bonds Valid.—The State Supreme Court
Jan. 22 handed down a decision sustaining the validity of
an issue of $75,000 street bonds.
The “Toledo Blade” of
Jan. 23 has the following to say regarding this decision:
on
In this case a bond issue of $75,000 for paving several streets and con¬
structing nine sewers was attacked by Birchard A. Hayes, attorney for
Heffner,1-a taxpayer, on the ground that the bond issue was illegal for the
reason that the ordinance providing for it pertained to more than one sub¬
ject, contrary to law.
The Supreme Court holds that the provision of law that "no by-law or
ordinance shall contain more than one object, which shall be clearly ex¬
pressed in its title,” vv;>s Intended to prevent the uniting in one ordinance
diverse subjects or measures and effecting its passage by uniting in its sup¬
port all those in favor of any of these measures, and to prevent the adop¬
tion of ordinances by the vote of Councilmen Ignorant of their contents.
"Whether an ordinance Is violative of the statutory requirement that no
by-law or ordinance shall contain more than one subject, which shall be
clearly expressed in its title. Is to be determined not by its form, but In
the light of the mischief the statute was-intended to prevent."
The contention of Citv Solicitor Xorthup was that the Issue of bonds,
though the proce* ds were to be used for Aarious Improvements, was only
one subject, and m this contention the Supreme Court has sustained the
attorneys for the city.
Bond Calls and Redemptions.
Cincinnati School District, Hamilton County, Ohio.- Bond
Call.—Charles R. Taft, President Board of Education, calls
for payment April 1 at the American Exchange National
Bank in New York City or at the Third National Bank in
Cincinnati, bonds Nos. 171 to 230 inclusive, each for $500,
dated Oct. 1 1891.
These bonds mature Oct. 1 1911 but are
subject to call after Oct. 1 1901.
Mount Vernon, Knox County, Ohio.—Bonds ("ailed.—The
following bonds, issued under date of Juno 30 1906, were
cal lei 1 for payment Dee. 30 1906:
Street
$8,500 High
improvement
assessment
bonds.
Denominations:
and 12, $500 each, and bonds Nos. 5, 6,
each.
6,750 Vine
Street Improvement assessment bonds.
Denominations:
bonds Nos. 6. 9 and 12. $250 each, and bonds Nos. 4, 5, 7, 8, 10
bonds Nos. 8. 9, 10, 11
7. 13, 14 and 15. $1.000
and 11. SI .000 each.
7,500 Sandusky Street Improvement assessment bonds.
Denominations:
bonds Nos. 6. 9 and 12, $500 each, and bonds Nos. 4, 5, 7. 8. 10
and 11. $1,000 each.
Galveston, Texas.—Bond Call.—Call is made for
the City Treasurer or at
payment
the New
New York City of $35,000 funding bonds
March 30 at the office of
York Trust Co. in
Denomination $1,000.
1895—Nos. 1 to 35 inclusive.
This makes a total of $216,000 bonds that the city of Gal¬
of
twelve
Arrangements are now being made to redeem, as
well as to refund at a lower interest rate, other bonds that
are now optional,
Holders of such bonds, especially those,
who prefer to take refunding bonds bearing a lower rate of
interest and running for a definite, period of years, without
option, might write, if interested, to J. II. Kempner, Com¬
veston
has
called for redemption within the past
months.
missioner
of
Finance and Revenue.
official notice of this bond call will be found among the
advertisements elsewhere in this Department.
Orleans Levee District (P. O. New Orleans), La.—Bond
Call.—This district has drawn for payment $25,000 bonds
of $1,000 each.
Interest will cease, March 1.
The
4<E
THE CHRONICLE.
Bond Proposals and Negotiations this week
have been
as
|V<JL.
LXXXiY.
check for 5%, payable to the
Secretary of the Board of Com¬
missioners, is required.
Beaver Dam School District, Allen County,
Ohio.—Bonds
Defeated.—This district on Feb. 2 defeated a proposition to
issue $20,000
school-building bonds. The vote was 37 for
iollows:
Aberdeen, Brown County, S. D.—IS ids.— The following
were received on Feb. 11 for the
$35,000 4)/2% 20-year
coupon electric light bonds awarded, as stated in V. S4, p.
405, to the Harris Trust & .Savings Bank of Chicago at 101.88
bids
to 84
against the issue.
Bellaire, Belmont County, Ohio.—Bond Offering.-— Pro¬
posals will be received until 12 in. March 19 by It. E.
Harris Tr.&S tv. Bic., (*ui.$ $5,05*> «) 1 l\\>vnlt*ut Savs. Bank it
Crow,
K. Kleyooitc
('me. .V>,or>7 <).)
Trust (to. .Chicago. _5... $5.() 17 50
City
Auditor, for the $25,000 434%. water-works-improve
C. 11. Coffin. ('iiici.ro
55,0.50 ;>0 Kane & Co., .Uimioapolis. 55.00U 0U
ment bonds mentioned in V. 84,
p. 405.
Authority Section
Adams County (P. O. Decatur;, Tnd.—Bond
Offering.— 2835 of the Revised Statutes and ordinance passed by the
Proposals will be received until 10 a. in., Feb.'20, by J. F. City Council on Jan. 22. Denomination $1,000. Date
Lachol, County Treasurer, for the following bonds:
March 1 1907.
Interest semi-annual.
Maturity ten years.
$4,140 i' j'.’o coupon William llockemcyer macadam road (Hoot Township)
Certified check for 3% of the bonds bid
for, payable to the
bonds.
Denomination $1107.
City Treasurer, is required. Accrued interest to be paid by
4,$0b 4 }-j % coupon Preble & Alagley macadam road (Preble and Kirkland
Denomination $240.
Township) bonds.
purchaser.
.".,000 4 l-j */«> coupon College Macadam Road Extension Xo. 1 (Hartford
Bell County (P. O. Belton), Texas.—Bond
Township) bonds.
Denomination $153.
Sale.—This
The above bonds will be dated Feb. 15 1907.
Interest county, it is stated, has disposed of at par the $20,000 3)x>%
semi-annually at the First National Bank in Decatur. Ma¬ 40-year bridge-repair bonds mention of which was made in
turity one bond of each is.wie payable each six months from V. 84, p. 405.
Nov. 1 1907 to May 1 1917 inclusive.
Certified check for3%
Belleville, Republic County, Kan.—Bond Sale.—On Feb.
of the amount bid, drawn on a bank in Adams
County and 15 the $20,000 5% coupon electric-light bonds described in
made payable to the Board of
V. 84, p. 172, were awarded to
Commissioners, is required.
Spitzer A Co. of Toledo at
Allen County (P. O. Lima;, Ohio.—Bond
Offering.—Fur¬ 100.625—a basis of about 4.95%.
ther details an* ;it hand relative to tie*
offering on March 26
Bellevue, Huron County, Ohio.—Bond Sale.—On Feb. 19
of the $130,000 dC'r,
coupon memorial-building bonds the $876 31 and $1.168 94 5%
1-10-year (serial) Monroe
mentioned in V. 84, p. 405.
Proposals for these bonds will Street improvement assessment bonds dated Dec. 21 1906
be received until 12 m. on that
day by the County Com¬ and described in V. 84. p. 405 and V. 84, p. 350, were
missioners.
Denomination $1,000.
Date March 1 1907. award© 1 to W. A.
Mowery at 105.070. Following are the
Lntercst semi-annually at the County
Treasury. Maturity bids:
$5,000 each six months from March 1 1910 to
W. A. Mowery
S2.14X95 Hayden, Miller & Co.. Cleve
Sept. 1 1922 in¬ M.
S2,U7_* 75
(lusdorf
clusive.
2-ldOOO
Bonds arc exempt from taxation.
Certified cheek
on a Lima bank for
Bessemer School District (P. O. Bessemer;,
3% of the bonds, payable to the* Count}'
Gogebic
Auditor, is required. Bonded debt, this issue. Assessed County, Mich. — Bond Sale.—On Feb. 15 tin* $45,000 5%
valuation for 1906, $26,221,801.
II. X. Lamberton is Clerk 1-15-year (serial) coupon school-building bonds described
in V. 84, }). 406, were awarded to
of the County Commissioners.
Rudolph Klevbolte A Co.
Allentown School District (P. O. Allentown;, Lehigh of Chicago at 102.566 and accrued interest—a basis of about
The following bids were received:
County, Pa. -Bond Offering.—Proposals will be received 4.613%.
R; Klvyholte & Co. Chi<*aco_$4G,155 i A. J. Hood & Co.. Detroit
...545,401
until 5 p. m. March 1 (not
April 1 as wo were at first advised) Bumpu.s-Stevens Co., Detroit 45,5)50; S. A. Kean. Chieau'o
45,225
John
Xuveen
&
Co., Chicago. 45,0771 W. J. Hayes & Sons, Cleve
by M. II. Biekert, Chairman Finance Committee, for the
45,151
Mason, Lewis & Co., Chicago 45,008. F. B. Sherman & Co., Cole
45,150
$121,500 33.2% coupon funding and refunding bonds. De¬
Bloomington,
Franklin
nomination $500.
County,
Voted.—The
Neb.—Bonds
Date* April 1 1907.
Interest semi-an¬
nually in Allentown.
Maturit v on April 1 as follows: $10,000 proposition to issue $14,000 water-works bonds, submitted
! to a vote on Jan. 22 (V. 84, p. 172), carried
in 1912, $12,009 in
by a vote of
1917, $20>)0 in 1922, $28,000 in 1927,
$37,000 in 1932 and $1 4,500 in 1937. Bonds are exempt from 94 to 35.
Blue Hill, Webster County, Neb —Bond Election
taxation.
Certified check for 5% of the bid, payable to the
Proposed.
—A petition has been (firculated
District Treasurer, is required.
asking the Council to call
an election for the
purpose of voting on the issuance of bonds
Alma, Neb.—Bonds Not Sohl.—Xo satisfactory bids were
for an electric-light-plant.
received on Feb. 8 for $7,000 5% elect
rie-light bonds offered
on that
Bode, Humboldt County, Iowa, -Bonds Defeated.—Re¬
day.
ports state that a proposition to issue1 bonds for water-works
Anderson County, S. C.—Bonds
Proposed.—According to was
recently defeated.
reports this county proposes to issue bonds for road purposes.
Boston,
Thomas County, Ga.—Bonds Voted.—The elecAnnapolis, Md. —Bonds Proposed.—The City Council is
ion Jail. 14 resulted in a vote of 93 to 3 in favor of
arranging for the issuance of $25,000 improvement bonds.
issuing
the $12,000 5% water-works bonds, mention of which was
Apex, Wake County, N. C.—Bonds Proposed.—This town made in V.
83, p. 1427.
Maturity, 10, 15 and 20 years.
has petitioned t he General
Assembly for authority to call an
Bond Offering.—Proposals will be received until March 1
election to vote on tho question of
issuing $30,000 electric- by T. C. Jones, Town Clerk and Treasurer, for the
$10,500
light, water-works and street-improvement bonds.
5% registered electric-light bonds, mention of which was
Appleton, Wis.—Bonds Proposal.—-On Feb. 6 the Com¬ made in V. 84, p. 172. These bonds have been validated
mon Council will vote on a
proposed ordinance providing for by order of the Circuit Court of Thomas County, made at
the issuance of $320,000
4% coupon water-woi ks-construc- the last. October term. Denomination $500.
Interest
tion bonds.
Denomination $1,000.
Interest semi-annual. annually in Boston. Ga.
Maturity $3,500 in 10 years,
Maturity $5,000 yearly from one to live years from, date, $3,500 in 15 years and $3,500 in 20 years. Purchaser to
$10,000 yearly from sX to ten years from date, $20,000 have bonds lithographed at his expense. The town has no
yearly from eleven to fifteen years from date and $29,000 debt at present.. Assessed valuation for 1906, $495,000.
yearly from sixteen to twenty years from date.
Bound Brook School District (P. 0. Bound
Brook), N. J.—
Ashland, Ohio.—Bond Sales.—On Feb. 11 the $9,200 5% Bonds Awarded in Part.—On Feb. 13 $10,000 of the $50,000
coupon Vine Street improvement bonds, a description of
4% coupon school-building bonds, described in V. 84, p. 350,
which was given in V. 84,
were awarded to the Somerville Dime
p. 350, were awarded to the
Bank of Somer¬
Farmers’ Bank of Ashland for $9,835 50 (106.907) and ac¬ ville at 100.05 and accrued interest.Savings
No other bids were
crued interest.
received.
The remaining $40,000 bonds an1 now
being off¬
On the same day
the $26,600 5% Walnut Street improve¬ ered at private sale.
ment. bonds described in V. 84,
p. 172,.were awarded to the
Bowling Green School District (P. O. Bowling Green),
Farmers’ Bank of Ashland for $27,SSS, the price thus
being Warren County, Ky.—No Action Yet Taken.—No action has
104.842.
yet been taken in the matter of issuing the
4%
Athens, Ohio.—Bonds Authorized.—On Jan. 21 the City school-building bonds voted on Nov. 6 1906. $20,000
We are in¬
Council passed an ordinance providing for the
issuance of formed that no steps will be taken in this matter until about
$2,384 5% Race Street improvement assessment bonds. June 1.
Denomination $238 40.
Date March 1 1907.
Interest, semi¬
Bremen, Haralson County, Ga.—Bonds Defeated.—A
annual.
Maturity $238 40 yearly on Sept. 1 from 1907 to proposition to issue $10,000
6% electric-light bonds was re¬
1916 inclusive.
cently defeated.
Atlanta, Fulton County, Ga.— Bond Election.—The ques¬
Bridgeport, Conn.—Bonds Proposed.—The. Board of'Ap¬
tion of issuing $500,000
4% gold water-improvement bonds portionment, according to a local
paper, is in favor of issu¬
to mature in 1937 will be submitted to a vote on
April 9.
ing $350,000 street and bridge bonds.
Baltimore, Md.— Stock all Sold.—The $1,000,000 334%
Brookhaven, Lincoln County, Miss.—.Vo Action Yet Taken.
registered sewer stock, of which $458,000 was awarded at
-We are informed that no aetion has
yet been taken in the
the public sale on Feb. 7 (see V.
84, p. 350), has now all matter of issuing the $15,000 water and
light bonds men¬
been placed, the remaining $542,000 having been
disposed tioned in V. 83. p. 923.
of at 97 to numerous local investors.
See V. 84, p. 232, for
Brookings, Brookings County, S. D.—Bond Sale.—On
description of securities.
Feb. 6 the $15,000 5%. water-works and the $15,000
Batesville, Independence County, Ark.—Bond Offering.— sewer 10-20-year (optional) coupon bonds described in V. 5%
84.
Proposals will be received until 3 p. m.. March 16, by John p. 232, were awarded to MacDonald, McCoy & Co. of Chi¬
Q. Wolf, Secretary of Board of Commissioners, for S13,Cf00 cago for $30.641 and interest.
5lo% coupon Sewer District Xo. 1 bonds. Denomination
Buffalo, N. Y.—Bonds Authorized.—The issuance of
$250.
Date about April 1 1907.
Interest semi-annually in $500,000 334% 1-50-year (seriaP water bonds dated Feb. 1
St. Louis.
Bonds are exempt from all taxes.
Certified J 1906 has been authorized.
and accrued interest:
-
-
-
...
.
.
.
.
-
Caldwell School District, N. J.—Bonds Defeated.—At a
school meeting held Jan. 26 a proposition to issue bonds for
a school building was defeated.
Camden, N. J.—Bonds Proposed.—The Finance Committee
of the City Council has decided to introduce an ordinance
providing for the issuance
of 850,000 bonds for a municipal
hospital.
Campbellford, Ont.—Debentures Defeated.—The voters of
this town recently defeated a By-law providing for the is¬
suance of 812,000 cement-walk debentures.
Canon City, Fremont County, Colo.—Bond Election.—Re¬
ports state that an election will be held in the spring to vote
on the question of issuing 8400,000 water bonds.
Canton Union School District (P. O. Canton), Stark
County, Ohio.— Bond Bale.—On Feb. 16 the 820,000 4%
20-year coupon
463
THE CHRONICLE.
Feb. 23 1907. j
school-property purchase and improvement
to the
bonds described in V. 84, p. 232, were awarded
Provident- Savings Bank tfc Trust Co. of Chicago at
103.033
The fol¬
and accrued interest—a basis of about 3.783%.
lowing bids wore received:
Prov.Sav. Uk.&Tr.Co.,CinSl’0,606 77 ; Denison & Farnsworth .Cle$20,382 75
Soasontfooti & Mayer. Cin. 20,441 75 Otis & liouirh, Cleveland. 1*0,538 00
10,440 on i Cleveland Trust Co. ..Cleve 20,310 00
Breed & Harrison, Cin.
R. Klevbolte & Co.. Cin
20.424 on i FnionSav. Rk&Tr.Co.,Cin. 20,250 00
Well. Roth & Co.. Cin.
20,421 50 New First Nat. Bk.,Colum 20,105 00
Hayden. Miller & Co., Cle. 20,411 00; \V. U. Todd & Co., Cin. . 20,100 00
Emery,Anderson &Co.,C! 20.410 no j H. H. IJolllns & Sons. Chic 20,078 00
..
.
.
Carrollton, Carroll County, Ga.—Bond Election.—On Fob.
election will be held in this town to vote on the ques¬
tion of issuing 825,000 5% street-improvement bonds. ' In¬
terest semi-annual.
Carson School District (P. O. Carson), Pottawattamie
County g Iowa.—Bonds Voted.—This district recently au¬
thorize*/* the issuance of 89.000 building bonds.
26 an
Clinton, Miss.—Bonds A uthorized.—The issuance of 88,000
school-building bonds has been authorized.
Cobb County (P. O. Marietta), Ga.—Bonds Defeated. -On
Fob. 9 the voters of this county defeated a proposition to issue
8210,000 road bonds.
Columbus School District (P. O. Columbus), Yellowstone
County, Mont.—Bonds Proposed.—We are advised that
815,000 bonds will be issued some time this spring.
Comanche School District (P. O. Comanche), Comanche
County, Texas.—Bonds Registered.—On Jan. 26 the State
Comptroller registered 813,500 5% 15-40-year (optional)
school-house bonds dated Jan. 1 1907.
Cranston, R. I.—Bonds Proposed.—The Town Council has
passed a resolution petitioning the General Assembly for
authority to issue the 8100,000 school bonds mentioned in
V. 83, p. 1605.
Danville, Va.—Bonds Proposed.—We arc* informed that
this city proposes to issue 810,000 5% refunding bonds.
These securities have not yet been authorized, but when is¬
sued will be sold to local people.
Davison, Genesee County, Mich.—Bond Sale.—This vil¬
lage has awarded to the Davison State Bank of Davison the
810,000 electric-light-plant bonds recently voted.
Dawson, Lac qui Parle County, Minn.—Bond Offering.—
Proposals will be received until 7 p. m. March 11 by the
Village Council for 828,000 5% water-works and olectriclight-plant bonds. Denomination 8500. Interest, semi¬
annual.
Maturity twenty years. James
of the Village Council and Charles O.
Recorder.
O'Hara is President
Holton is Village
electors of
of tin* 875,000
Cash\ 2re, Chelan County, Wash.—Bond Election Pro- 4p2% 10-year sewer-system bonds mention of which was
in V. 84, p. 173.
There were twenty-five votes cast,
posed.-*"Ve are advised that an election will probably be made
all of which were in favor of the proposition.
held in The spring to vote on the question of issuing the
Delaware JSchool District (P. O. Delaware), Delaware
810,000 water-supply bonds mentioned in V. 83, p. 713.
County,
Ohio.—Bond Offering.—Proposals will be received
Celina, Mercer County, Ohio.—Bonds Authorized.—The
until 12 m. March 7 for 820,000 5% high-school-buildingVillage Council on Jan. 22 passed an ordinance authorizing
addition bonds.
Denomination 8500. Interest March 1
the issuance of 83,000 4 D>% coupon water-extension bonds.
and
1
in
Maturity: 8500 due each six months
Sept.
Delaware.
Date
March
an¬
Deliomination 81,000.
l 1907. Interest
fromJSept.
1
1907
to
March
1 1927 inclusive.
nual.
Maturity 81.000 yearly.
School
Dillonvale
District
(P. O. Dillonvale), Jefferson
Ceredo Independent School District (P. O. Ceredo),
County,
Ohio.—Bond
Offering.—Proposals
will be received
Wayne County, W. Va.—Bond Offering.—Proposals will be
received until 3 p. m., March 5, by the Board of Education until 12 m. March 23 by W. M. Whitley, Clerk Board of
for 825,000 4^>% registered school-building
for 815,000 6% coupon building bonds.
Authority, Section Education,
bonds.
Section 3994 of the Revised Statutes.
Authority
45, Chapter 19, Acts of 1904; also vote of 247 to 76 at election
held Nov. 6 1906.
Denomination 8500. Date Jan. 10 1907. Denomination 8500. Date April 1 1907. Interest annually
at the First National Bank in Dillonvale.
Maturity 81,000
Interest semi-annually at the First National Bank of Ceredo.
yearly
on
April
1
from
1908
to
1931
inclusive.
Bonds are
Maturity Jan. 10 1922, subject to call after Jan. 10 1910.
Accrued interest to be paid by purchaser.
The district has exempt from taxation. Certified check for 5% required.
no debt at present.
Assessed valuation for 1906,82,150,000. The district has no debt at present: Assessed valuation for
1906, 8369,430.
J. W. Collier is Secretary of the Board of Education.
Duquesne, Allegheny County, Pa.—Bond Offering.—Pro¬
Chambers County (P. O. Wallisville), Tex.—Bond Election
will be!received until 12 in. March 4 by James St. Clair
posals
Proposed.—An election will probably be called to vote on a
Chairman of Finance Committee, for the following bonds:
proposition to issue 850,000 4% 5-40-year (optional) bridge¬
$10,000 4
°o furnace bonds.
Maturity $1,000 yearly on Feb. 1 from 1003
building bonds. We are informed that action will be taken it*)
to 1017 Inclusive.
in this matter at
the February term of court.
sewer-construction bonds, Scries No. 3. Maturity $2,000
yearly on Feb 1 from 1918 to 1027 inclusive.
65,000 4Pi %.street-improvement bonds, Series No. 4.
Maturity on Feb.l
as follows: $1,000 yearly from 1023 to 1027 inclusive, $5,000
yearly from 1028 to 1032 inclusive, $6,000 in 1033, $6,000 in
1034, $7,000 Ill 1935, $8 000 in 1036 and $8,000 In 1037.
20,000 4 }$%
Chardon School District (P. O. Chardon), Geauga County,
Ohio.—Bonds Voted.— On Jan. 22 the proposition to issue
high-school-building bonds carried by a vote
815,000
Deal (Borough), N. J.—Bonds Voted.—The
this borough on Feb. 2 authorized the issuance
157 to 50.
of
Denomination 81,000.
Date Feb. 1 1907. Interest semi¬
Proposed.—A bill is before annually at tin* First National Bank of DuqUesne. Bonds
the State Legislature authorizing this town to issue bonds to
are exempt from State taxes.
Certified check for 81,000,
fund indebtedness arising from the purchase of the rights
payable to the borough, is required.
and franchises of the Charlestown Water &, Sewer Co. and
Durham, Durham County, No. Caro.—Bonds Proposed.—
the construction of a water system in the town.
Th(* General Assembly will lie petitioned for authority to call
Chatham, Conn. —Bonds Proposed.—A resolution is before an election to vote on the question of issuing 825,000 sewerthe Legislature authorizing this town to issue bonds.
extension bonds and not exceeding 8275,000 street-improve¬
Charlestown, N. H.—Bonds
Tenn.—Bond Election.— ment bonds.
question of
Durham County (P. O. Durham), No. Car.—Bonds Pro¬
issuing the sewer, street. fire-hall and city-hall bonds mention posed.—The Chamber of Commerce has endorsed a bill au¬
of which was made in V. 83, p. 1605.
thorizing the people of this county to vote on a bond issue
Chelan County (Wash.) School District No. 37.—Bonds of 8300,000 for road improvements.
Xot Sold.—No bids were received on Feb. 9 for 8400 bonds
East Troy, Wis.—Bonds Voted.—This city recently au¬
offered on that day.
Chattanooga, Hamilton County,
An election will be* hold in
March to vote on the
Cherry vale School District No. 5, Montgomery County,
Kan. —Bond Bill. —A bill is before tin* State Legislature per¬
mitting this district to issue bonds to fund its floating in¬
debtedness.
Cincinnati,
Ohio.
—
Bonds
No.
Authorized.— Ordinance
1,727, providing for the issuance of 810,000 4% coupon
Hood-emergency bonds.was passed by the City Council on
Date Feb. 1 1907. Interest
Jan. 19.
Denomination 8500.
Maturity two years.
Authorized.—Ordinance No. 1749,
semi-annual.
Bonds
passed by the
City Council on Jan. 28. authorizes the issuance of 87,000
3.65% 25-year coupon Main Street improvement bonds.
Claremont School District (P. O. Claremont), Los Angeles
County, Cal.—Bonds
district
tion of
a
Voted.—According to local papers this
825,000 bonds for the erec¬
Jan. 14 voted to issue
on
new
grammar
school.
Cleveland, Cuyahoga County,
Ohio.—Bond Election.
-
The
the
water-plant bonds by a vote
of 97 to 18.
Ecorse
Township School District No. 4,
Wayne County,
Mich.—Bond Bill Passes House.—A bill providing for the
issuance of 8100,000 school-house bonds has passed the House
of the State Legislature.
Edwards County, Kan.—Bond Bill;—The House of the
Legislature is considering a bill authorizing the Board of
County Commissioners to issue 820,000 bridge bonds.
Diego County, Cal.—
El Cajon Valley School District, San
Bond Sale.—On Feb. 7 the County Treasurer
awarded 812,000
5% school-building bonds of this district to the Security
Savings Bank and Trust Co. of Toledo at 106.558—a basis
of about 4.221%.
The bids were as follows:
Sec.Sav.Bk.&Tr.Co.. Tot..$12,787 00|W. R.Staats Co., Pasad’a.$12,687 50
American Savings Bank'.. 12,781 00 I Adams-Phllllps Co., LosA. 12.625 00
Eos AmrelesTr. Co..
City Council has decided to hold an election April 2 on
proposition to issue 8700,000 viaduct rebuilding bonds.
thorized the issuance of 810,000
N. W. Harris & Co.
Denomination
nual.
Maturity
EosA. 12.777 00 I S. G. Burpee
...
12,765 75 |W. F. Johnston,
12,306 40
12,370 00
Interest an¬
Eos Amr
Date Jan. 11 1907.
81,000.
81 .000 yearly from 1912 to 1923
inclusive.
404
THE CHRONICLE.
El Centro School
District, San Diego County, Cal.—Bond
Sale.—On Feb. 7 $3,400 7% 1-8-year (serial) gold coupon
school-building bonds were awarded to Edwin Rhodes for
$3,652, the price thus being 107.411—a basis of about
5.134%. There wen' no other bidders. Denomination
$425.
Date Jan. 1 1 1907.
Interest annually in San Diego.
Elwood, Gosper County, Neb.—Bond Offering.—Proposals
will be received until 8 p. m. March 4 by F.
G. Reynolds,
Village Clerk, for the $12,000 5% gold registered water¬
works system bonds described in VV84, p. 288.
Authority
Chapter 14, Laws of 1903. Denomination $1,000. Date
Jan. 1 1907.
Interest semi-annually at the Nebraska fiscal
agency in New York City.
Maturity Jan. 1 1927, subject
to call after Jan. 1 1912.
Bonded debt, this issue.
Elyria School District (P. O. Elyria), Lorain County, Ohio.
—Bond Offering.—Proposals will be received until 11 a. in.
March 8 by II. C. Harris, Clerk of Board of Education, for
$60,000 4% school-building bonds. Authority Sections
3991
and
$1,000.
3992 of
Date
the Ohio School Laws.
Denomination
8 1907.
Interest semi-annually at
March
the
Elyria Savings & Banking Co. in Elyria. Maturity
$3,000 yearly on Jan. I from 1918 to 1937 inclusive. Certi¬
fied check for
$1,000, payable to the Clerk of the Board of
Education, is required.
Ensley, Jefferson County, Ala .—Bond Election Postponed.
calling an election to vote on the question of
ssuing the $24,000 sewer,_$25,000 school and $15,000
anitary-sower bonds mentioned in V. 83, p. 714, has been
postponed indefinitely.
Eustis School District, Frontier County, Neb.—Bond
Election Proposed.—At a recent mass
meeting a resolution
was passed
requesting the School Board to call an election to
vote on the question of issuing $10,000
building bonds.
Everett (Wash.) School District.—Bonds Authorized.—
The School Board, it is stated, has authorized the issuance of
bonds for funding purposes.
Everett School District No. 24, Snohomish County, Wash.
—Bond Sale.—On Feb. 9 the $250,000
coupon funding bonds
—The matter of
described in
V. 84, p. 233, were awarded to the State of
Washington at par for 3%%s—bonds to mature in twenty
years, subject to call after one year.
Exeter, Fillmore County, Neb.—Bond Election Probable.—
We are informed that an election will
probably be held in
the spring to vote on the question of
issuing water-works
bonds.
Fairmont,
Minn.— Bill Legalizing Bonds.—The State
Legislature has passed bills (S. F. Nos. 116 and 117) legalizing
certain bonds issued
by this city.
Falconer Union Free School District No. 6 (P. O. Falconer),
Chautauqua County, N. Y.—Bond Offering,—Proposals will
be received until 1 p. in. March 11 bv F. T.
Merriam, Clerk
of Board of Education, at the First National Bank of Fal¬
for $32,500 5‘ 0 coupon or registered school-building
Authority Section 10, Title 8, of the Consolidated
coner,
bonds.
School Law.
Interest
on
Denomination $500.
May I and November 1.
Nov. 1 fr<jun 1907
Nov.
1
froni
1922
day of delivery.
Maturity $1,500 yearly
1921 inclusive and
to
to
Date
1926 inclusive.
$2,000 yearly
Certified
on
check for
1
% of bid required. ()fficia 1 advertisement states t hat there
no
eontroversy threatened or pending and that the district
has never defaulted on its
principal or interest. The dis¬
trict has no bonded debt at
present.
Assessed valuation
is
$692,761.
The official notice of this bond offering
will be
the advertisements elsewhere in this
Department.
found
among
Fayetteville, Washington County, Ark.—Bond Offering.—
B. F. Campbell, Secretary of Board of
Improvement, is
offering at private; sale $100,000 water-works and $75,000
sewer-system 5% gold bonds.
Denomination $1,000. In¬
terest
payable in Fayetteville. Maturity twenty years.
Certified check for $2,000, payable to the Board of
Improve¬
ment, is required.
Bonded debt, these issues. Assessed
valuation for 1907 $1,300,000.
Fentress County (P. O. Jamestown),
Tenn.—Subsidy
Election.—The County Court has ordered an election to be
held Feb. 23 for the purpose of voting on a
proposition to
subscribe $50,000 to the Cincinnati & Birmingham Air Line
Railway in aid of the construction of a road from Johnson
Stand, on the Southern
set, Ky.
RR., via Jamestown, to Somer¬
Findlay, Ohio.—Bonds Authorized.—The City Council
on
Feb. 4 passed an ordinance providing for the issuance of
$1,000 41^% sidewalk bonds to mature $500 April 1 1909
and $500 April 1 1910.
Fort
Smith, Ark.—Bonds to Be Issued.—The Board
Improvement is arranging for the issuance of bonds for
ing and
of
pav¬
improvements.
Fort Pierre, Stanley County, S. D.—Bond Offering.—Pro¬
posals will be received until 10 a. m. March 1 by M. A. Mc¬
Millan, City Auditor, for the $9,000 5% gold coupon water¬
works bonds voted on Dec. 4 1906.
Authority Chapter 14,
sewer
Section 1391, Code of 1903.
Denomination $700.
Date
Jan. 1 1907.
Interest semi-annually at the American Trust
[VOL.
LXXX1Y,
& Savings
taxation.
Bank in
Maturity
payable to the City
including this issue*
Chicago. Bonds are exempt from all
Jan. 1 1927. Certified check for $500, '
Treasurer, is required. Bonded debt*
$39,000. Floating debt $2,500. As¬
sessed valuation for 1906 $397,143.
Frankfort Township,
Clinton County, Ind.— Subsidy
Defeated.—On Feb. 12 the question of granting a subsidy
to the Tipton Frankfort <fc Attica traction line
(V. 84, p. ll$)
failed by a vote of 434 for to 1332
against the proposition.
Fremont, Neb.—Bonds Voted.—This city at a recent
special election voted to issue $40,000 paving-intersection
bonds.
•
Fremont County (P. O. Sidney), Iowa.— Bond Sale.—On
Jan. 8 this county awarded $50,000
6% ditch-construction
bonds to Jos. Samuels of Sidney at
.par.
Denomination
$1,000. Date March 1 1907. Interest Majr and November.
Maturity $10,000 yearly on May 1 from 1909 to 1913inclusive
Friend, Saline County, Neb.—Bonds Voted.—The citi¬
zens of this
place on Feb. 8 authorized the issuance of $8,000
.
5% 5-20-vear (optional) electric-light bonds by a vote of
236 to 35.
Date of sale not yet determined.
Glenburn School District (P. O. Glenburn), Ward
County,
N. D.—Bonds to be Taken
by State.—This district, we are
informed, will dispose of $6,800 building bonds to the State
of North Dakota.
Glendale, Los Angeles County, Cal.—Bond Election Pro¬
posed.—At
meeting held Jan. 22 a resolution was
a petition asking the City
Trustees to call an election for the
purpose of voting on a
proposition to issue $22,000 city-hall and fire-department
a
mass
adopted in favor of circulating
bonds.
»
.
Glenwood, Iowa.—Bonds Not ■Sold. 'So sale ^is made
on Feb. 7 of
$12,000 5% refunding bonds offered oiu-^iat day.
Goshen, Ind.—Bond Offering.—Proposals will bci* received
until 7:30 p. m., Feb. 25,
by Tom. A. Foster, City Clerk,
—
for $50,000
Date
Feb.
4% refunding bonds.
Denomination
28
$1,000.
1907.
Interest' semi-annual.
Maturity
$2,000 each six months from June 1 1917 to June 1 1929 in¬
clusive.
Certified check for $250 required.
Bonded debt
at
present, $23,367 89.
Floating debt, $71,335 86. As¬
1905, $3,794,592.
Grand Traverse County (P. O. Traverse
City), Mich.—
Bond Election.—At the
spring election a proposition to issue
$12,000 poor-farm bonds will be submitted to a vote of the
sessed valuation for
people.
Greene
County (P. O. Springfield), Mo.—Bond Election
Postponed.—\Yre are advised that the election which was to
have been
held Dee..27 1906 to vote on the
question of issu¬
ing the $150,000 court-house bonds mentioned in V.
83, p.
1548, has been postponed indefinitely.
Greenwich, Fairfield County, Conn .—Bond -Sale.-—On
Feb. 15 the $100,000 4%
coupon high-school bonds described
in V. 84, p. 173, were awarded to
Spitzer «fc Co., of New York
City, at 101.15 and
accrued interest—a basis of about
3.933r<
Greenwich and Easton Union Free School District No. 3
(P. O. Greenwich), Washington County, N. Y.—Bill to
Legalize Bonds.—A bill has been introduced in the State
Legislature legalizing the $50,000 4%. bonds awarded last
December to the Trov Savings Bank.
See V. 83, p. 1427.
Gulfport, Miss. - Bonds Proposed. -The School Trustees
have requested the City Council to issue bonds for
school
purposes.
Hahira, Lowndes County, Ga.—Bond Offering.
—
Proposals
will be received until April 1
by W. \V. Webb, Chairman, fer¬
tile $10,000 6% school-building bonds voted on Nov. 13
1906.
Denomination $500.
Date Jan. 1 1907.
Interest
semi-annually in Hahira.
Maturity thirty years. Bonded
debt, this issue. Assessed valuation $155,000. Real valu¬
ation (estimated) $200,000.
Hamilton, Butler County, Ohio.—Bonds Authorized.—On
Jan. 22 the City Council authorized the. issuance of
$55,000
3.90% coupon refunding bonds. Denomination $500.
Date Feb. 5 1907.
Interest May 1 and Nov. 1 at the office
of the City Treasurer.
Maturity Nov. 1 1931.
Harrisburg, Pa.—Bond Offering.—Proposals will be re¬
ceived until 3 ]). m. Feb. 28
by Henry W. Gough, City
Comptroller, for the following bonds:
$254,800 3coupon
public-improvement
bonds,
Loan
No.
1,
dated
March 1 1!)07.
Maturity $30,400 yearly on Aug. 31 from
1920. to 1})32 Inclusive.
400,000 3 r. % coupon public-improvement bonds. Loan No.
2, dated
March l 1900.
Maturity $50,000 March 1 1911 and $14,000
yearly on March 1 from 1912 to 1930 Inclusive.
One year’s
interest to March 1 1907 canceled.
Denomination $1,000, $500 or $100, to suit
purchaser.
Interest semi-annual.
Bonds will be certified to as to genu¬
ineness
by the United States Mortgage A Trust Co. of Now
City and their legality will be approved by John G.
Johnson, Esq., of Philadelphia, whose opinion to that effect,
or
duplicate thereof, will be delivered to the purchaser.
Each bid must be made on A blank form furnished
by the
city and must be accompanied by a certified check for 2%
of the bonds bid for, payable to the
City Treasurer. De¬
livery April 1. Accrued interest to be paid, by purchaser.
Hartford, Conn.—Arsenal School District.—Bond Bill.—
A resolution was recently introduced in the State
Legisla| ture authorizing this district to issue $200,000 school bonds.
York
Feb. 23
4(i->
THE CHRONICLE.
1907.j
Haskell School District, Ind.
The Secretary of the Interior has
Lidgerwood, School District (P. O. Lidgerwood), Rich¬
County, N. D.—Bonds Voted.— On Feb. 4 the issuance
of $7,500 10-20-year (optional) school-addition bonds was
authorized b^y a vote of 79 to 70.
Ter.—Bonds'*Approved.—
land
approvecLS10,000_bondsJof
this district.
Hattiesburg, Miss.—Bonds Proposed.—There is talk of
issuing about SI75.GUO bonds for street improvements.
Hawkinsville, Pulaski County, Ga.—Bond Offering.—
Live Oak, Suwannee County, Fla.—Bond Offering.—Fur¬
ther details are at hand relative to the offering on March 30
the offering on March 1 of $190,000 5% coupon public-improvement bonds men¬
and auditorium bonds tioned in V. 84. p. 288. Proposals for these bonds will be
described in V. 84, p. 351. Proposals will be received until received until 3 p. m. on that day by the Board of Bond
Trustees, C. L. Burnett, Chairman. Securities are issued
12 m. on that day by J. F. Coney, Chairman Bond Commis¬
sion.
Denomination $1,000. Date Jan. 1 1907. Interest for the following purposes: $75,000 for street paving, $75,000
semi-annually in Hawkinsville. Bonds are exempt from for water-works, $35,000 for sewerage and $5,000 for lire
purposes.
Denomination $500. Date Feb. 28
municipal taxation. Certified check for 5%, payable to department
1900.
Interest Jan. 1 and July 1 at the office of the City
J. F. Coney, Chairman Bond Commission, is required.
Maturity Feb. 28 1936. Bonds are exempt
Official circular states that the city has never defaulted in Treasurer.
from city taxes.
Bids to be made on blanks furnished by
the payment of principal or interest, and that there is no
litigation pending or threatened.
Bonded debt, including the city. The-legality of the issue has been approved by
this issue, $01.000.
Assessed valuation for 1907, $1,155,900. Messrs. Dillon & Hubbard of New York City. Bonds will
be delivered to the successful bidders in sums of $10,000 as
Hays, Allegheny County, Pa.—Bond Sale.—On Feb. 5 the work
progresses, and it is expected that the entire issue
the $2,500 municipal-building site, the $9,000 municipal¬
will be put out by Jan. 1 190S.
“Certified check on a national
building-construction and the $8,500 funding 4]4% 25-year bank for 2%
of
bonds
the.par
value
of
bid for, payable to the
bonds described in V. 84, p. 118, were awarded to Otis &
Board of Bond Trustees, is required.
These securities are
Hough of Cleveland at 102.777—a basis of about 4.318%,
part of the $200,000 bonds offered on Sept. 15 1906 but sub¬
Hollywood, Los Angeles County, Cal.—Bond Election.— sequently withdrawn from the market in order that an
.The Board of City Trustees on Jan. 23 decided to call an elec- amendment
might be made to the City Charter to perfect the
lon to vote on the question of issuing $100,000 street-im¬
issue.
See Y. 83, p. 996.
Of the total of $200,000 bonds,
provement bonds. Local papers state that the election will $10,000 have already been placed.
probably be held on Feb. 23.
Mahnomen County (P. O. Mahnomen), Minn.—Bond Sale.
Huntington, Huntington County, Ind. — BondsJXot Yet —On Feb, 12 the $10,000 10-vear gold funding bonds de¬
Sold.—-Up to Jan. 30 no award had yet been made of the scribed in V. 84, p.
351, were awarded to the Union Invest¬
$25,000 4% 5-15-vear (optional) water-works improvement ment Co. of
Minneapolis
at 100.05 for 5s. The bids were as
bonds mentioned in V. 83, p. 1000.
Further details are at hand relative to
of the $15,000 5% 29-year city-hall
follows:
Huntington Beach School District (P. O. Huntington
Beach), Orange County, Cal.—Bonds Irregular .—On account
of irregularities, the Board of Supervisors have not yet ad¬
vertised for sale the $40,000 4^2% building and furnishing
bonds voted on Oct. 27 1900.
See V. S3, p. 1247.
Union Invest. Co.. Minu.lfor 5s) §10,0051 U. M.Stoddard A-Co. .Minn, (for
iustave Scholle, St. t’anl (for 5s). 10,000 j Kane it Co.. Minn.(for 6s).
<
\Ve
school-building debentures at not exceeding
Maturity part yearly for thirty rears. These
probably be offered in April.
of $23.000
5% interest.
securities will
Jefferson, Iowa. -Bands Proposed.—«The question of
issuing about $12,000 funding bonds is being considered.
Johnston, R. I. —Bands Proposed.—The Town Council
has decided to apply to the State Legislature for
issue $100,000 funding and $20,000^school
to
authority
1-30-year
$536,762. Forrest Shell is City Clerk.
Marion, Grant County, Ind.—Bond Sale.—This city re¬
cently awarded $21,749 90 Nebraska Street improvement
bonds'to the contractor, Wm. Yates, in payment for work
done.
We are advised by the contractor that he lias already
disposed of those bonds.
Maumee, Lucas County, Ohio. -Bond Sale.—This village
recently awarded $60,000 4 % % refunding bonds to Spitzer
it Co. of Toledo.
Maturity thirty years, subject to call
$2,000 yearly after ton years.
Miami County (P. O. Troy), Ohio.—Bond Offering. — Pro¬
posals wen* asked for up to 10 a. m. yesterday (Feb. 22) by
the County Commissioners for the following bonds:
The bids were as follows:
rhh-_$i 5,050 00 I Harris Trust & Savings! $14 ,5)51 00
and accrued interest.
O'Connor tc Kahlvr.
X. \V. Halsey & ('«>.. ('hie. 14,008 12,
Hank, Chicago.. .. -I,(jl4,501 00
Mac Donald. Met'oy&('o.,Ch 1 4 .008 00 < \V. ,1, Hayes & Sons. Cle .
14,080 00
Saximrs Bank of Kewanee.
American Trust & Savings
Kewanee.
14.OS.Voo
Sa‘e Depo !* Co.. ('hie.
14,.">70 00
I'nioii Xat. Dink. Kewanee I 4 .400 on
ii For 4 1 j %
bond*.
Trowbrkl're <& Xiver Co..('hul 4,357 00
-
Kincardine. Ont. -l>> Ixiitures Proposed.
A by-law
been passed providing f«»r the issuance of $2,500^41-2%
lias
Hiarkmoro Ditch bonds.
Maturity $100 each six months
1 *.»07 to .inly 1 1008 Inchidvo.
Broomhall Ditch bond-.
Maturity $200 .July 1 14)07 to $300
six months from .Ian. 1 1008 to Jan. 1 1012 inclusive.
3oo 5”0 ('ofiimr Ditch bonds.
Maturity $200 July 1 14)07 and
$30«i
20-
Jan. 1
.'too 5%
(Ore.) School District No. 2.-Bond
1.300
c.dipon school-building bonds.
Authority,
Sub-division 31 of Section 3389 of B lling^r A: Cotton’s
Annotated Code ami Statutes of Oregon.
Denomination
except
j
one
h.>m| for $800.
Date April 1
1907.
semi-annually at the office of the County Treasurer.
Maturity April 1 1927. -object to rail after April 1 1917.
Official circular state- that tile district has never defaulted
in the payment of tiny obligations.
Certified check forj2%
required. Bonded debt, this issue.
Krebs, Ind. Ter. -Baud Election. —An election will be held
March 2 to vote mi : iie question of issuing $7,500 0% school
Interest
$100
Ditch
bonds.
Maturity $300 July
1
1007 and $200
lOus.
3,!o0 5% Ftherimcton Ditcu bonds.
Offering. --Propn>nls wiii be received until 2 p. m., March 20,
by I.. Alva L'wis. Uounty Treasurer (I*. <>. Klamath Falls),
$1,000,
1
each
1008.
fvtrhart
Jan.
Court to issue $75.(M)0 court-house bonds.
for $12,800 O'
from
•Inly l
park debentures to be dated June 1 1907.
Klamath County, Ore. —Bond Bill. —House Bi 111X»». 135,
recently introduced in i he Legislature, permits the County
County
.Vo
2.040 .V,',
year
Klamath
are
circular states that default has never been made in the pay¬
ment. of principal or interest.
Maturity twenty years. To¬
tal debt, including this issue, $55,000.
Assessed valuation
(serial) bonds.
Kewanee (Township), Henry County, Ill.—Bond Sole —
On Feb. 15 the $14,250 5% 10 1-0-year (average) coupon
public-library-building bonds described in V. 84, j-). 407,
were awarded to O'Connor & Ladder of Chicago at 105.014
..
10.055
informed that tlie
highest bid received was from
Trowbridge & Xiver Co. of Chicago, but was not considered,
as they omitted to enclose a certified check.
Denomina¬
tion $1,000.
Bonds are (exempt from taxation.
Mangum, Greer County, Okla.—Bond Offering.—Proposals
will be received until March 4 for $15,000 6% coupon sewer
bonds.
Authority, vote of 146 to 39 at election hold Fob. 5.
Denomination $1,000.
Date March 1 1907. Interest semi¬
annually at the fiscal agency in New York City. Official
Innisfail Public School District No. 210,*j£Alberta.—De¬
bentures Authorized.—This district has authorized the issu¬
ance
Gs)$10,100
Maturity $400'July 1 1007 and $300
1 1012 inclusive.
1007 and $000 Jan. 1
each six months from Jan. 1 1008 to Jan.
Hart Ditch bonds.
Maturity $700 July 1
1008.
3.3'i ) 5%
j
Hale Ditch bonds.
Maturity $000 each s'x months from July 1
1007 to July l
1008 inclusive and $500 each six
Jan. 1 looo to Jan. 1 1010 ImMusive.
3oo 5% Lena Itcpalr Ditch bonds.
Maturity $100 each six
Ju y 1 1007 to July 1 1008 Inclusive
3.000.5% I tosen bearer
Extension
Ditch bonds.
months from
months from
Maturity $500 each six
1 1007 to Jan
1 1010 Inclusive.
Walker Ditch bonds.
Maturity $100 yearly on Jan.
1010 inclusive.
months from July
300 5%
1 from 1008
to
3,ooo 5% Wyatt Ditch
1007 to Jan.
bonds.
1
Maturity $340 each six months from July 1
1012 inclusive.
Authority Sections 4479. 4481 and 4482 of Revised Stat¬
utes.
Denominations: $100, $200, $300 and $500
Date
Jan. 1 1907.
The result of this offer¬
Interest semi-annual.
ing was not known at the time of going to press.
j Middletown, Ohio —Bond Offering.—-Proposals will be
bonds.
received until 12 m. Feb. 28 by N. G. Oglesby, City Auditor,
Lampasas County >P. 0. Lampasas), Texas. -Bond\Sole. ! for $4,196 89 4% coupon ‘street-improvement assessment
-This county has awarded the $10,000 4% 5-40-vear (op¬ bonds.
Denomination $419 68.
Date Feb. 14 1907.
In¬
tional) bridge bonds registered by the State Controller on terest semi-annually at the National Park Bank in New York
Jan. 25 (V. 84. p. 107' to Lampasas Count v School Fund at
City. Maturity $419 68 yearly on Fob. 14 from 1908 to
par.
Denomination s/j00.
Date Jan. 10 1907. Interest 1917 inclusive. Bonds are-tax-exempt. Certified cheek for
annually on April 10..
8100, payable to W. T. Harrison, City Treasurer, is required.
Leeds, Benson County, N. D. -Bond Offering. — Proposals
Midway School District (P. 0. Midway), Madison County,
will be received until 5 p. in. March 4 by A. J. F. Yoight.
Tex.—Bond Voted.—This district recently voted to issue
City Auditor, for the $8,000 5% coupon water-works bonds bonds for school purposes. We are informed that these
voted on Jan. 15.
Authority Section 2078, Chapter 30, securities will probably not be offered before June 1.
Revised
Statuteof
1905.
Denomination $500.
Date
Milam, Tenn.—Bonds Proposed.—This city seeks legisla¬
April 15 1907. Interest annually at the office of the City tive authority to issue $12,000 school-building bonds.
Treasurer.
Maturity $500 yearly on April 15 from 1910 to
Milwaukee, Wis. —Bond Sale.—On Feb. 21 this city
1925 inclusive.
C« rtilied check for $500. payable to the
awarded $50,000 public-bath, $50,000 public-bath and library
“City Auditor of Le' d.-. X. D.,'7 is required. Bonded debt,
this‘issue. Floating" debt $3,500. Assessed valuation for and $15,000 park 4% bonds to the Harris Trust <& Savings
Bank of Chicago for $115,822, the price thus being 100.714.
1900. $1 8,3,010.
.
.
THE CHRONICLE.
[ V OL. LXXX1V.
*
New York State.—Bond Offering Withdrawn.—We are
Mississippi.—Bond Sale.—Of the $.500,000 3 34% 20-year
refunding bunds offered on Jail. 2 (at which time only advised by the State Comptroller that the proposed offering
$4.5,000 were sold -V. Si, p. 110), $220,000 have been placed on March 14 of $10,000,000 3% gold canal-improvement
to date with various investors, this making $175,000 bonds
bonds has been withdrawn for the time being.
disposed of since Jan, 2.
North Alton School District (P. O. North Alton), Madison
Monona-Harrison Drainage District No. 1 tP. O. Onawa,) I County, Ill.—Bonds Voted.—The election Feb. 2 resulted in
Monona County, Iowa.—Bond Litigation. — We are informed a vote of 93 to 18 in favor of issuing the $8,500 4% school
j
that litigation is pending (suit now being in the State Su- ! bonds mentioned in V. 84, p. 289.
Date of sale not yet
promo Court) affecting the validity of the $400,000 bonds j decided.
mentioned in V. 83, p. 55.
North Toronto, Ont.—Debentures Defeated.—The propo¬
Monroe County (P. O. Bloomington), Ind.—Bo mi Ojfer- sition to issue the $10,000 4^2% fire-alarm, arc-light-systeming.—Proposals will be received until 2 p. m., March 20, by cxfens.ou and lncandescent-hght-system debentures men¬
Samuel M. Kerr, County Auditor, for $54,000 3% coupon
tioned in V. 84, p. 62, was defeated by the voteis of this
court-house bonds.
Denomination $500.
Date Oct..1 1000. town on Jan. 7 by a majority of 70 votes.
Interest June 1 and Dec. 1.
Maturity $500 each six months
North Walpole, N. H.—Bonds Proposed.—The State Legis¬
from June 1 1017 to Dec. I 1925 inclusive.
Each bid must
lature has before it a bill permitting this village to issue re¬
be made on a blank form furnished by the county and must
funding bonds.
be accompanied by a certified check on some bank in Monroe
North Wildwood, N. J. -Bonds Illegal.--*-The Philadelphia
County for 3% of the bonds bid for, payable to the Hoard of “Record’’ has the following to say relative to $50,000
bonds
Commissioners. These bonds are part of an Ksuo of $125,000,
reported
as
having
boon
issued
for
water
purposes:
of which $25,000 were sold last September.
North Wildwood, X. .J.. Feb. (>.—The Borough Council recently attempt¬
Montgomery, Ala. -Bond Sate.—Of the $408,000 4>£% ed to issue $50,000 of bonds to purchase the Anjrlesea Water Works. The
bonds were to
been taken by J. Willard Morgan of Camden, but under
30-year refunding bonds offered without success on Feb. 11, a decision of have
tiie Attorney-General the proceedings by which they were
$25,000 have been disposed of at par and interest to Arthur issued were Illegal because the written consent of a majority of the real estate
owners In the borough had not been obtained.
Pelzer of Montgomery.
The remaining $443,000 bonds are
still for sale.
Norwood, Hamilton County, Ohio.—Bond Election.—An
Moorhead, Monoma County, Iowa. —Bonds Xot Sold — election will be held in this place March IS to vote on the
No bids were received on Feb. 15 for the $5,000 5% 10-20- question of issuing $105,000 public-market-house and viaduct
bonds.
year (optional) water-works bonds described in V. 84, p. 289.
Moss Point, Jackson County, Miss.—Bond Offering. — Pro¬
Oakley, Hamilton County, Ohio.—Bond' Offering.—Pro¬
posals will be received until March 15 by A. II. Smith, Mayor, posals will be received until 12 m., March .19, by W. E.
for $10,000 0% coupon school-building bonds.
Denomina¬ Seilkop, Village Clerk, for $3,491 45 5% Madison Avenue
tion $500.
Date April 1 1907.
Interest annually in Moss sewer-assessment bonds. Authority, Section 95 of the Muni¬
Point.
Maturity $500 yearly on April 1 from 1908 to 1927 cipal Code and Ordinance No. A187, passed Jan. 15 1907.
inclusive.
Bonds are exempt from all taxes.
The city has Denomination $349 15. Date Feb. 5 1907. Interest semi¬
no debt at
present.
Assessed valuation for 1906 $1,057,800. annual. Maturity $349 15 yearly on Feb. 5 from 1908 to
1917 inclusive.
Certified check for 5% of the amount bid,
Mount Vernon, Westchester County, N. Y.—Bond Sale.—
to the Village Treasurer, is required. Accrued in¬
Reports state that the $80,000 4% refunding bonds offered payable
terest to be paid by
purchaser. Official -advertisementbut not sold on Feb. 5 have been awarded to Adams & Co.
states that, provided any of the assessments are paid in
of Boston at 100.09.
prior to the date of sale, the amount of bonds to be offered
Napoleon, Ohio.—Bonds Authorized.—The Village Council will be reduced in
proportion.
on Feb. 4
passed an ordinance providing for the issuance of
Osceola,
Ark.—Bonds
Proposed.—The issuance of $34,000
$1,250 5% 1-5-year (serial) Perry Street sewer-assessment
water-works bonds is being considered.
bonds.
Denomination $250.
Date March 1 1907.
Interest
semi-annual.
Ossining Union Free School District No. 1 (P. O. Ossining ),
Westchester County,
N. Y.—Bill Legalizing Bonds.—
Neenah, Winnebago County, Wis.—Bond Offering. — Pro¬
Chapter
6,
Laws
of
1907,
recently signed by the Governor,
posals will be received until 10 a. m., March 16, by Clias.
the
issuance
of
bonds
legalizes
put out by the Board of Edu¬
Schultz, Mayor, and J. P. Keating, City Clerk, for $80,000 cation for
tho construction of a new school house.
coupon high-school-building bonds.
Denomination $4,000
or
Oswego, Oswego County, N. Y.—Bond Election Proposed.
$1,000.
Interest (rate to be named in bids) payable
Jan. 1 and July 1 at the City Treasurer’s office.
Maturity —-The question of holding an election to vote on the issuance
$4,000 yearly.
Official circular states that there has never of $120,760 bridge bonds is under consideration.
boon any default in the payment of principal or interest,
Pacific School District, Santa Cruz County, Cal.—Bond
and that there is no controversy ponding or threatening tlie
Sale.—On Jan. 22 $2,500 6% school-building bonds were
corporate, existence, or the boundaries of the municipality, awarded to Anna S. Scott at 103.20.
Denomination $500.
or the titles of its
Interest annual.
present officials to their respective offices, Date Feb. 1 1907.
Maturity 2, 4, 6, S
or t he
validity of these bonds, or any other outstanding bonds and 10 years.
Negaunee School District (P. O. Negaunee), Lake Superior
Paulding County (P. O. Paulding), Ohio.—Bond Offering.
County, Wis.—Bonds Voted.—This district on Jan. 28 —Proposals will be received until 2 p. m., March 12, by
authorized the issuance of $85,000 school bonds.
We are Floyd Atwell, County Auditor, for the following bonds;
informed that these bonds will probably be sold to local $10,500 5% Snyder Pike bonds of $5oo each.
Maturity $1,500 yearly on
April 1 from 1008 to 1014 inclusive.
people.
.'55,000 5% Shaw Pike bonds of $500 each.
Maturity $5,000 yearly on
Newark School District (P. O. Newark), Licking County,
April 1 from 1008 to 1014 Inclusive.
55,000 5% Brieeton Pike bonds of $500 each.
Maturity $5,000 yearly on
Ohio. —BondOffering.—Proposals will lie received until 12 in.,
April 1 from 1008 to 1914 inclusive.
March IS, by D. M. Keller, Clerk of Board of Education,
15,000 5% Blue Creek Joint County Ditch No. 708 bonds of $500 each.
Maturity $5,000 yearly on April 1 from 1 90S to 1010 Inclusive.
for $55,000 4% high-school-addition bonds.
Authority,
00,000 5% Pike Fund bonds of $1,000 each.
Maturity $0,ouo yearly on
coupon
Sections 3991 and 3992 of the Revised Statutes and vote of
3,046 to 956 at (dection hold Nov. 6 1906.
Denominations:
1.0 bonds of $500 each and 50 bonds of $1,000 each.
Date,
day of sale.
Interest semi-annually at the office of the
Maturity $2,000 in
t hree years, $3,000 in four
years and $3,000 yearly thereafter.
Bonds are exempt from taxation.
Certified check for $400,
payable, to the Clerk of the Board of Education, is required.
Purchaser, to pay accrued interest.
New Bedford, Bristol County, Mass.—Bonds Proposed.—
This city has petitioned the Legislature for authority to issue
bonds for a municipal building; also bonds for the reconstruc¬
tion of the present city hall for library purposes and $250,000
Treasurer of the Board of Education.
bonds for sewerage purposes.
New Decatur, Morgan County, Ala.— Xo Action Yet Taken.
—We arc advised under date of Jan. 26 that no action has
yet been taken in the matter of issuing the $25,000 school¬
building bonds voted on Oct. 31 1906.
Newport Consolidated School District No. 115, Stevens
County, Wash.—Bond Sale. — On Feb. 9 the County Treas¬
urer awarded $6,000
5J4% warrant-funding bonds of this
district to tho Seattle Trust Sc Title Co.'of Seattle for $6,043,
the price thus being 100.716.
Denomination $1,000.
Date
March 1 1907.
Interest annual.
Maturity March l 1916.
Newton, Iowa.—Bonds Voted.—By a vote of 363 to 130
this place on Feb. 5 authorized the issuance of $40,000 water¬
works bonds.
Newton School District (P. O. Newton), Jasper County,
Iowa.—Bonds Feted. -This district, it is stated, voted on
Jan. 22 to issue $40,000 high-school-building bonds.
TTr
April 1 from 1008 to 1st 17 Inclusive.
Authority, Sections 2834 “A,” 4479 and 4846 of the Re¬
vised Statutes.
Date of bonds April 1 1907;
Interest semi¬
annually at the County Treasury. Bidders must satisfy
themselves as to the legality of tho bonds before bidding.
Certified chock on a Paulding bank for $1.000 required.
Purchaser to furnish blank bonds
at
his expense.
Paulsboro, N. J.—Bond Election.—It is stated that,a spe¬
cial election will be held in this place to vote on the question
of issuing $70,000 water-works bonds.
Pawtucket, R. I.—Bonds Proposed.—The City Council
seeks legislative authority to issue $250,000 water bonds.
Pella, Marion County, Iowa.—Bond Election Proposed.—A
petition is being circulated requesting the Council to call a
special (‘lection to vote on the question of issuing $75,000
bonds for the purchase of a light-plant and for the extension
of the water-works.
Penfield School District No. 5, N. Y.--Bill Legalizing
Bonds.— Tho House of the State Legislature-has passed a bill
legalizing the issuance of bonds by this district.
Perinton (Town), Monroe County, N. Y.— Bids Pejected.—
We are advised that all bids received on Feb. 15 for tie*
$25,000 nc/c 1-20-year (serial) town-hall bonds'described in
V. 84, p. 289. were rejected, owing to the fact that the bondwefe not
properly advertised.
Perinton and Pittsford Union Free School District (P. 0.
Despatch), Monroe County, N. Y. - Bond Sale.—This dis¬
trict recently awarded $12,000 school bends to Myron \\
Greene
$1,000.
Rochester at
100.625 for
5s.
Denomination
Interest annually in December.
M;duritv 1926.
of
23
Feb.
Prattville, Autauga County, Ala.—Bonds
Voted—Bond
Offering.—On Jan. 21 the $30,000 water-works and $10,000
sewerage 5% gold registered 30-year bonds, mention of which
made in V. S3, p. 1607, were authorized by a vote of
95 to 25.
M. A. Graham, Chairman of Finance Committee,
is now offering these bonds at private sale.
Denomination
was
1907. Interest semi¬
Bonds are tax-exempt.
Assessed Valuation - for 1906,
to suit purchaser.
Date April 1
annually at place to suit purchaser.
debt, this
Bonded
issue.
$828,000.
Prince Albert, Sask.—Debentures Not Yet Sold.—Up to
Feb. 11 no disposition had yet been made of the $62,000
4 34% coupon
V. 83, p. 1607.
debentures mention of which
Princeville School District No. 97
was
made in
(P. O. Princeville),
Peoria County, Ill.—Bonds Not Sold.—Xo award was.made
on
Feb. 7 of the $7,000 5} 2% registered building bonds
described in V. 84, p. 289.
We are informed that nearly all
the bids received were conditional.
Providence, R. I.—Bonds Proposed.—The City^ Council
seeks authority from the
sewer bonds.
Renfrew
General Assembly to issue $600,000
County, Ontario.—Price Paid for Debentures.—
informed that the price paid by Aemilius Jarvis &
Co. of Toronto for the $14,000 4% debentures recently
We
are
awarded to them
was
467
THE CHRONICLE.
1907.J
$13,700.
Richland Parish School District No. 1, La .—Bond Offer¬
ing.—Proposals will be received until March 15 by U. H.
Brown, Secretary of School Board, for the $9,000 5% coupon
school-building bonds, mention of which was made in V. 84,
p. 409.
Authority, Act Xo. 84 of 1906 and election held
Aug. 14 1906. Denomination $1,000.
Date March 15 1907.
Interest semi-annually at tin* Central Trust & Savings Bank
in New Orleans.
Maturity $1,000 yearly on March 15 from
1908 to 1916 inclusive.
Bonds are exempt from taxation.
Certified check for $300, payable to Dr. Nash Collins, Presi¬
dent of School Board, is required..
Bonded, debt, this issue.
Assessed valuation for
awarded to the First National Bank of Chicago for 844,460,
the price thus being 100.127.
Bonds will be dated March
1 1907 and mature March 1 1927.
Interest semi-annual.
Roselle Park School District
(P. O. Ind. Sta. Elizabeth),
County, N. J.—Bond Offering.—Proposals will be
received until 8 p. m., March 2« by J. Wallace Higgins, Dis¬
trict Clerk, for the $7,000 4% coupon school-house-site
bonds mentioned in V. 84, p. 410.
Denomination $1,000.
Date Jan. 1 1907.
Interest semi-annually at the National
State Bank in Elizabeth.
Maturity Jan. 1 1927. Certified
check for 2% of the bonds bid for, payable to the District
Clerk/is required. Accrued interest to be paid by pur¬
Union
chaser.
The
Rockford, Ill .— Bond Sole.—On Feb. 18 the $43,900 4%
refunding bonds offered on that, day (V. 84, p. 410) were
school-building bonds.
Rutherford School District (P. O. Rutherford), Bergen
County, N. J.—Bond Sale.—Wo have just been advised that
this district.-on Jan. 28 awarded the $10,000 4% coupon
school-building bonds mentioned in V. 84, p. 175, to It. M.
Grant & Co. of Xew York City at par. 'Denomination $1,000.
Interest semi-annually at the Rutherford
Date Dec. 1 1906.
National Bank in Rutherford.
Maturity Dec. I 1936.
Sag Harbor School District (P. O. Sag Harbor), Suffolk
County, N. Y.—Bonds Voted.— On Feb. 15 this district
authorized the issuance of $60,000 building
of 272 to 71.
Interest not to exceed 5%.
$300,000 4% 20-year school bonds mentioned in V. S3,
San Antonio, Baxar County, Texas.—Bonds
The State Comptroller on Jan. 26 registered
NgW
BONDS
Office of the Commissioners of the Sinking Fund,
Rooms 27 and 28, City Hall, Louisville, Kv.,
Feb. 8. 1907.
The Board of Water-Works has delivered to
the Commissioners of the Sinking Fund of the
City
MAYOR’S OFFICE.
SAINT LOUIS, February 4th, 1907.
By virtue of Ordinance No. 22,674. the undersigned are authorized to issue and sell for the City of
St. Louis eleven million two hundred thousand dollars ($11,200,000 00) of St. Louis Public Building
Public Improvement Bonds, and sealed proposals for the purchase of three million dollars
($3,000,000 00) of said bonds, issued for tlie following purposes, and hereinafter described, will be
received at the Mayor’s office, in the City of Saint Louis, until 12:00 o’clock noon of the I8th day
of March, 1907, and publicly opened by the undersigned at said place and hour:
and
Amount of Bonds to be
Issued
and
Sold
March IRth, 1907, to
Meet Probable Re¬
quirements
for
ONE
Year.
$350,000 00
450.000 00.
and Lots)
POLICE, CIVIL. CRIMINAL AND OTHER COURTS AND POLICE
HEADQUARTERS AND HEALTH DEPARTMENT HEADQUAR¬
TERS’and purchase of sites
BRIDGES AND VIADUCTS and purchase of land
KING’S HIGHWAY BOULEVARD. City’s share of cost
PUBLIC SEWERS and purchase of land
PUBLIC PARKS—Purchase of land
130,000 00
700.000 00
250,000 00
250,000 00
400,000 00
470,000 00
time.
Bidders are requested to state in their proposal the
to be stated as one amount.
No bid will be considered that is not made on blank
Pound Sterling will be calculated at the
be exchanged for registered bonds at any
price offered per bond, the par and premium
furnished by the Comptroller.
Proposals must lie accompanied by n cashier’s or certified chock, payable to the order of the Comp¬
troller (and subject to his approval), equal to five (5) per cent of the nominal amount of the bonds
bid for; said deposit to be returned immediately if the proposal is not accepted, otherwise to be held
subject to forfeiture to the City in event of failure on the part of the bidder to comply witli his pro¬
A deposit in t lie
posal. or in case of compliance to lie retained as part of the ourchase money.
required amount, to the credit of the City of St. Louis, in the National Bank of Commerce, in New
York, on or before Saturday, March 16th, 1907, will be accepted as full compliance with tHe require¬
ments relating to deposits.
No Interest will be allowed on earnest monev deposited.
Proposals will be subject to all the conditions and reservations of this advertisement, and must refer
to same as a portion of the agreement on the part of the bidder.
Proposals should be enclosed and addressed to the undersigned and endorsed “Proposal for Purchase
of St. Louis City Bonds.”
The undersigned reserve tlie right to reject any or all bids.
The Bonds will be- delivered against pavment therefor In current funds, at the office of the Comp¬
troller in the City of St. Louis, on the 1st day or April. 1997, or. if the bidder so elects in his pro¬
posal. at the National Bank of Commerce in New York on the 1st day of April, 1907.
The opinion of Messrs. Dillon & Hubbard. Attorneys and Counselors at Law, New York City, as
to. the validity of the bonds, will be furnished-the successful bidders by the City.
A sample bond can be seen and further informatlort obtained at the office of the Comptroller.
•
.
HOLLA WELLS. Mayor.
JAMES Y. PLAYER. Comptroller
Ymnn HriWfMVIim-nw
of Kentucky, approved March 6, 1906, which
bonds arc each of the denomination of $1,000
dated July 2, 1906, bearing Interest at four per
cent per annum, payable semi-annually, witli
coupons
attached, both principal and interest
payable
in
gold
coin
of the
united
States, of
the present standard of weight and Oneness, at
the First
National Bank of New York, New
York City.
Sealed proposals for the purchase of the whole
number of said bonds will be received
tiie Commissioners of the Sinking Fund of
City of Louisville until 12 o’clock m. on
the 6th day of March, 1907. at the office of said
Commissioners in the City Hall, at Louisville,
Kentucky.
Proposals must lie upon blanks fur¬
nished
by the Commissioners of the Sinking
Fund of the City of Louisville, City Hall, Louis¬
ville, Ky., and marked "Proposal for Bonds.”
The Commissioners of tlie Sinking Fund of the
City of Louisville reserve the right to reject
any or all bids, or to accept the whole or any
part of a bid for the bonds proposed to be pur¬
chased by any bidder.
or
any
by
tile
proposal will lie considered unless accom¬
panied by a certified cheek on a national bank
State bank doing business in the City of
Louisville, payable to the order of the Commis¬
sioners of the Sinking Fund of the City of Louis¬
ville, for two per centum of the face value of
the whole number of bonds proposed to be pur¬
chased by such bidder.
Cheeks will lie returned
to the. unsuccessful bidders.
Purchasers of said
bonds to pay accrued
interest
on
said bonds from the date of said
bonds to delivery of same.
Bonds will be ready for delivery in the City
of'Louisville at the office of the Commissioners
of the Sinking Fund so soon as the allotments
are made to the successful bidder or bidders.
A failure to deposit a cert Hied check in full
payment of the amount of bonds bid for and
allotted to any bidder, on ten .days’ notice that
same
are
ready for delivery, may be, at the
option of the Commissioners of the Sinking Fund,
considered as a cancellation of the bid.
The amount of the cheek accompanying the
bid will be held for the payment of any expense
or
damage caused by reason of the failure to
or
Said bonds will be dated April 1st. I:)<>7. and will each be of the denomination of $1,000 United
States Gold Coin, payable twenty (2(n ycnr-t after their date, and will bear Interest from their date
at the rate of three 05-100 t3.05i per tent per annum.
Semi-annual interest coupons, payable on
the tirst day of April and October, respectively, will be attached to each bond, and both bonds and
coupons will be pavablc to bearer, as lie may elect, either at tlie National Bank of Commerce, in New
York'. In United States Gold Coin, or at the National Bank of Scotland, Limited, 37 Nicholas Lane.
London. England, in pounds sterling, at the rate of four dollars, eighty-six cents, six and one-half
mills ($4 8665) per Pound Sterling.
Tne bonds will contain the condition that in payments of prin¬
cipal and interest the United States Gold Dollar and the
present standard of weight and fineness.
The bonds may
of Louisville for sale $1,000,000 of the
mortgage bonds of the Louisville Water Com¬
pany, executed under the provisions of tHe Act
of the General Assembly of the Commonwealth
No
$3,000,000 00
Total
LOANS
City of Louisville Water Co.
3.65 Per Cent Twenty-Year Gold Bonds.
HOSPITALS and purchase of sites
Registered.—
$55,000 5%
#1,000,000
CITY OF ST. LOUIS
INSANE ASYLUM and purchase of land
FIRE DEPARTMENT (Engine Houses
p.
Bonds will bo dated March 1 1907.
#3,000,000
P.URPOSES FOR WHICH BONDS ARE TO BE ISSUED.
bonds by a vote
Date of sale not
yet determined upon.
St. Joseph School District (P. O. St. Joseph), Buchanan
County, Mo.—Bond Offering. — Proposals will be received
until 2 p. m. March 5 by II. it. Smith, Secretary, for the
NEW LOANS.
'
among
Rushville (Neb.) School District.—Bonds Defeated.—This
district on Feb. 13 defeated a proposition to issue $7,000
1608.
1906, $341,842.
official notice of this bond offering will be found
the advertisements elsewhere in this Department.
pay for said bonds to the extent of any such
expense or damage lncurerd.
F. J. HERRMANN, President.
J. M. TERRY, Treasurer and Secretary.
WITH OR
WITHOUT
with steeJ-p'ate borders, or
BONDS
ly printed from type.
DELIVERED
COUPONS
Mthngraphed. or part¬
If the latter, then can be
IN FEW DAYS
C*relocates engraved In beat manner, or
lithographed and partly printed
partly
ALBERT B. KING & CO., 206 Broadway,
.•*—1-‘1
^f
N. Y.
i
J
‘tj
lO-IU-ycxir (optional) Improvement District No. 9 bonds
April l 1905 and $43,000 5% 20-40-year (optional)
Improvement District No. 10 bonds dated .Sept. 1 1905.
Bonds Not Yet Sold. —We are advised that the $218,000
5% improvement district bonds (three issues) mentioned
in V. 83, p. 1249, have not yet been placed.
Sapula, Okla. -Bond Election.—The City Council has
called an election to vote on the question of issuing $55,000
dated
bonds.
Sarcoxie, Jasper County, Mo. -Bond Offering. — Proposals
will be received until 8 p. in., March 18, for the $10,000 5%
water-works system bonds mentioned in V. 81, p. 175.
Denomination 8100.
Date Fob. 10 1907.
Interest Feb. .1
and Aug. 1 in Sarcoxie.
Maturity twenty years, subject to
call after five years:
Certified check on a Sarcoxie bank for
$100 is required.
Official circular states that there is no
controversy
litigation threatened
or
or
pending affecting the
corporate existence, or the boundaries of the city, titles of
the present, officials to their respective offices, or the validity
of these bonds.
Bonded debt, including this issue, $10,900.
The city has no floating debt.
Assessed
Actual value (estimated), 8000,000.
Scammon School District, Cherokee
valuation. $222,000.
County, Kan .--Bond
Bill.—The issuance of funding bonds is provided for in a bill
recently introduced in tlie House of the State' Legislature.
Seattle, Wash. -Bond Sale. -Tin*. Si ,050,000 4]/2r/0 J 0-20(optional i sewer and the $500,000 4% 20-vear park
year
bonds offered on Feb. 9 were awarded on Feb. 11 to'a syn¬
dicate compete! of the Harris Trust A Savings Bank,
N. W
H ils'>y a; C«>., F. !I. Rollins A Sons and A. B. le ach
.
A
Co., all o'’ Chieago. for $3.00 premium, blank bonds and
interest.
Tin* 82,250,0):) water binds offered at the same
tint'* were no: award'd, no bids hiving been received for
t he st ated reason
* licit a defeet existed in the ordinmiee
providing for tii'1 election at which the bonds were author¬
For details of s -"unties see V. 84. p. 290.
ized.
Sedgwick County, Kan.
missioners
-Bond Bill.—The County Com¬
by a bill now before the State
bonds for bridge purposes.
authorized
are
Legislature to
Seminary, Miss.—Bonds Proposed.—The issuance of $10,school-building bonds is being considered.
000
Senatobia, Tate County, Miss.—Bond Sale.—This town
has awarded thy* $4,000 5Cj% 15^-year (average) coupon
water and light-extension bonds described in V. 84, p. 121,
to A. J. Hood A Co. of Detroit at 100.625 and accrued in¬
terest.
Sibley, Osceola County, Iowa.—Description of Bond*.—
We arc advised that the $8,000 5% gas bonds awarded on
Feb..0 to Geo. M. Bechtel A Co. of Davenport at par (V. 84,
dated Feb. 1 1907. Denomination $1,000.
Maturity ten years.
Sioux Falls, Minnehaha County, S. D. -Bond Sale.—On
Feb. 12 the $08,000 5% 20-year coupon refunding bonds de¬
scribed in V. 84, p. 291. were awarded to Otis A Hough of
Cleveland at 104.03—a basis of about 4.042%.
The bids
p.
410)
#g85,000
Malone
Village, New York,
WATER BONDS
Sealed proposals will be. received by the under¬
signed at the office of the Board of Trustees of
Malone Village, New
York, until and during
MARCH 8TH. 1907, for the purchase of bonds
of Malone Village
amounting in the aggregate
to $225,bt)t>.
The bonds will be registered bonds,
registered h. the office of the Clerk of the Corpora¬
tion, payable at the Knickerbocker Trust Com¬
pany's ofJLce In New York City, N. Y.. and will
bear Interest at a rate not exceeding live per cent
are
Interest semi-annual.
were as
follows:
Otis & Hough, Cleveland
.571,150 | \. \\\ llalsey & Co.. Chicago $59,99
K. Kteybolte & Co., Cmcin
70,859' Emery.
Anderson
&
Co.,
Sioux Hails Sav. Ilk., Sioux F. 70,r>')0
Cleveland
69,.500
MacDonald. McCoy & Co.,Chi.70,47a Ivane & Co., Minneapolis..
68,000
_
,
Sleepy Eye, Brown County, Minn.—Bond Sale.—On Feb.
12 tin- $15,000 funding, refunding, street-improvement and
drainage bonds offered on that day (V. 84, p. 291) were
awarded to the First National Bank of Sleepy Eve at par for
Denomination $1,000.
4.05s.
Caledonia Investment Co. 1 r».4-tJS
Otis & Hough, Cleveland.
1.5.412
Trow bridge&\'ivcr('o. ,Cii .15,497
The State Bank. Sleepy E. 15,.815
MlnnesntaLoau & Trust Co 1 5,,812
Cuiou Inveu.Co.. St. Banl 1 5
l 2
bond of $500 00 on the nrst day of April In each
from 1912 to 1901 Inclusive.
year
Bidders must
the interest at which
they
are willing to take said bonds, and they will be
awarded to the person offering to take them
at the lowest rate of interest; but the Board of
Trustees reserves the right to reject any bid.
The envelope enclosing the bid must be endorsed
name
“Bond Bid.”
There is no other debt against
said village.
By order of the Board of Trustees of Malone
Village.
Dated—Malone. \.
R. McC.MILLER.
Clerk.
Y.. Feb. 12th, 1907.
CKO. A. WILLSON.
Acting President.
.
.
CITY OF ST. PAUL, MINN.
#1 <0,000
m
SEWER BONDS—30 YEARS—Vi
AND
PUBLIC
SERVICE
CORPORATION
BONDS.
ERVIN
&
COMPANY,
BANKERS,
em
era
BONDS
43
(New York Stock Exchange,
^
stock Exchange.
FOR
Exchange Place,
New York.
INVESTMENT.
Drexel Building,
Philadelphia.
4%
City Comptroller’s Office,
St. Paul. Feb. 11th. 1907.
Sealed proposals will be received at the office
of the City Comptroller by the Sinking Fund
Committee until 12 o’clock noon on FEBUUARY
27TI1. 1907. and opened at that time, for the
purchase of Fifty thousand
of tin* bonds of the City of
proceeds of which are to be
of
Extending,
Enlarging
($50,000 00) Dollars
St. Paul. Minn., the
used for the purpose
and Improving the
Public Water Plant and Water Works System
of tin* City of St. Paul.
These bonds are issued
pursuant to Ordinance No. 2.652, passed by the
Common Council and approved Jan. 19th. 1907:
authorized by Section No. .84 of Chapter IX.
of the Charter of tUe City of St. Paul.
Bonds
to t>e In denomination of live hundred or one
thousand dollars each, as the purchaser may
desire, with coupons attached, and dated April
1st, 1907. and mature March 81st, 1957; they
bear interest at the rate of four i-1
i
per cent
per annum, payable semi-annually, Interest and
principal payable at the financial agency of the
cent per annum, payable send annually. Interest
anil principal pavablr at the financial agency of
the City of St. Paul in New York City.
Delivery
of bonds to lie made at the Comptroller’s office,
where payment must i»<* made by the successful
City of St. Paul In New York City.
Dellverj of
bidder.
A eertiued cheek, payable to the City I bonds to be made at the Comptroller’s office,
Treasurer of the City of St. Paul for two (2"oi
where payment must be made by the successfulbidder.
A certified check. payable to the City
per cent of the par value of the bonds bid for,
must aecompanv
each bid that will be consld- Treasurer of the City of St. Paul fo>- two (2%)
erecifeu^ Bids will be received for all or any part per cent of the par value of the bonds bid for,
of the lot.
The Committee reserves tlie right
must accompany each bid that will be considered.
to reject any and all bids.
Bids will be received for all or any part of the lot.
The Committee reserves the right to reject any
and
all bids.
Proposals to be marked “Bid for Sewer Bonos”
and addressed to
Proposals to be marked “Bid for Water Bonds
and addressed to
1
LOUIS BETZ,
LOUIS BETZ,
Detroit.
MUNICIPAL
>0
water BONDS—30 YEARS
City Comptroller’s Office.
City Comptroller.
Philadelphia.
15,00.1 no
50
City Comptroller.
i
H. W. NOBLE S COMPANY,
New York.
.
OTW.J. Have & Sons, Cle
50 Kane & Co.. Minneapolis.
00
no
no
nn
NEW LOANS.
eacii, with contains attached, and dated March
1st, .1907, and mature
February 28th, 1987:
they bear linen st at the rate of four (4%) per
Said bonds shall be 250 In
January, 19u7.
number, numbered from 1 to 250 Inclusive, and
00
1 r>, 1 r»l*
15,150
15,0,88
15,005
,
payable four bonds of $1,000 Oil each and one
in
50
County (P. O. Santa Rosa), Cal.—Bond Offering.
--Proposals will be received until 2 p. m. March 15 by F. L.
Wright ('l(*rk of Board of Supervisors, for the $280,()()() 4 \ -2Vc
gold coupon court-house bonds mention of which was made
in V. 84, p. 353.
Denomination $1,000.
Date. June 30
1907.
Interest annually in Santa Rosa.
Maturity on June
30 as follows: $0,000 yearly from 1912 to 1921 inehi'ive,
the Legislature of the Slate of New York, passed
payable semi-annually at the said
Knickerbocker Trust Company in
New York City, X. Y., for tin* purpose of paying
bonds heretofore issued for the payment of the
waterworks
system
of Malone
Village, and
bonds assumed by the village as part of the pur¬
chase price, under the provisions of an Act of
annum,
office of the
A. B. Leach &Co..Chle__
F. B. Sherman & Co.,Chi.
C. II. Coffin. Chieago
50
Sonoma
St. Paul. Feb. 1 ltli. 1907.
Sealed proposals will be received at the office
of the City Comptroller by the Sinking Fund
Committee until 12 o’clock noon on FKB. 27T11,
1907, and opened at that time, for the purchase
of one hundred thousand (SlUO.OOO om dollars
of the bonds of the City of St. Paul. Minn., the
proceeds of which are to be used for the purpose
of defraying the cost and expense of constructing
main sewers in said city; these bonds are issued
pursuant to Ordinance No. 2.655. passed by d lie
Common Council and approved Feb. Stli. 1907.
authorized b\ Chapter 504 of the Laws of Minn,
for
1908, approved April 20th. 190.8.
Bonds
to be In denomination' of one thousand dollars
per
Inter¬
Date March 1 1907.
est annual.
Maturity $5,000 March 1 1912. $5,000 March 1
1917 and $5,000 March 1 1922.
The other bids received were as follows:
it.ff lvleyholte A: Co., Chle-$1.*>,478 00 ! MacDonald,McCoy&Co. Ch$l5,24<) 00
Emery, Anderson & Co.,Cl 1 .4r>f) 00 {S. A. Kean, Chicago15,165 no
NEW LOANS.
,
| VOL. LXXXIV
THE CHRONICLE.
4()*
Perry, Coffin & Burr,
Albert
Municipal,
County,
State,
Street,
BOSTON.
Walnut
Street,
CINCINNATI, O.
INVESTMENT BONDS.
60 State
Kleybolte & Co.,
409
and
High-Grade
Public
Service
Securities
Correspondence Solicited
MUNICIPAL AND RAILROAD
Established 1885.
BONDS.
LIST ON APPLICATION.
SEASONGOOD & MAYER
mercantile Library Building,
CINCINNATI.
H. C.
Speer & Sons Co.
First Nat. Bank
CITY
Building, Chicago
COUNTY
AND TOWNSHIP
trwv'tir'n"'--»
'
BONDS.
Feb.
4(59
THE CHRONICLE
1907.J
$10,000 yearly from 1923 to 1932 inclusive and $12,000 j
yearly from 1933 to 1942. inclusive. Bonds are exempt,
from all taxation.
Certified check for 5% of the bonds bid
for is required.
The county has no debt at present. As¬
sessed valuation for 1906-07, $31,889,851.
South Charleston School District (P. O. South Charleston),
Clark County, Ohio.—Bond Sale.—On Feb. 14 the $35,000
4% 1-35-year (serial) coupon building bonds described in
V. 84, p. 175, were awarded to L. H. Houston of South
Charleston for $35,625 (101.785) and accrued interest—a
basis of about 3.862%.
South Portland, Cumberland County, Me.—Bond* Au¬
thorized .—The City Council has authorized the issuance of
$27,000 4% school sidewalk and sewer bonds.
Spartanburg County (P. O. Spartanburg), So. Caro.—
Bonds Proposed.—According to local reports this county will
Tekamah, Burt County, Neb.—Bond Elect ion .—The City
an election for the purpose of sub¬
of the people a proposition to issue $10,electric-light-plant and $2,500 water extension bonds.fcj
Council has decided to call
mitting to
000
a vote
Travis County (Texas) Common School District.—Bond
Registered.—An issue of $2,280 5% 15-20-year (optional)
bonds dated 8ept. 1 1906 was registered by the State Comp¬
troller
on
Jan. 24.
Trenton,
N.
J.—Bonds
issuance
Authorized.—The
of
$130,000 high-school bonds has been authorized.
Trimble, Dyer County, Tenn.—Bond Sale.—On Feb. 15
6% 13%-year (average) coupon school-building
bonds described in V. 84, p. 237, were awarded to the First
the $6,000
National Bank of Barnesville at 102.516 and accrued interest.
Following
are
the bids:
Kean, Chicago
First Nat. Bank, Barnesville.-$6,151 |S. A.
_o$0,01O
par
petition the Legislature for authority to vote on a proposi¬ Trowbridge & Nlver Co., Cliic_ (5,075 i 12. H. Rollins & Sons .Chicago
tion to issue $200,000 4% 30-year macadam-road bonds.
And furnsli bonds.
Union City (P. O. Union City, Indiana), Darke County,
Springfield, Ohio.—Bonds Authorized.—The City Council
has passed an ordinance providing for the issuance of $35,000 Ohio.—Bond Offering.—Proposals will be received until
4% water-main bonds. Securities are to mature $10,000 12m., March 11, by Charles L. Rape, Village Clerk,for$2,500
March 1 1926, $10,000 Sept. 1 1926, $10,000 March 1 1927 5L>% coupon street-improvement bonds.
Authority, Sec¬
a
and $5,000 Sept. 1 1927.
Bonds Authorized.—The City Council has also authorized
the issuance of $40,000 outfall-sewer bonds to mature in
1925 and 1926.
Stamford Independent School District (P. O. Stamford),
tions
$500.
Date
Doc.
15
Interest
1906.
De¬
semi¬
annually at the Village Treasurer's office. Bonds are ex¬
empt from all taxation.
Ccrtiliod cheek for 10% of the
bonds bid for, payable to the Village Treasurer, is required.
Bonded debt, including this issue. $14,900.
Assessed valua¬
tion for.1906, $261,980.
Vermilion Parish (La.) School District.—Bond Election.—
It is stated that on Jan. 15 the Police Jury ordered an (‘lec¬
tion for the purpose of voting on. the question of issuing
$25,000 30-year high-school-building bonds.
Warrenton, Fauquier County, Va.—Bond Offering.—Pro
posals will be received until 12m., March 7. by A. R. Bartenstein. Chairman Finance Committee, for $25,000 5% coupon
reservoir bonds.
Denomination $500.
Date Jan. 1 1907.
Interestfsemi-annually by the Town Treasurer. Maturity
County, Texas.—Bonds Registered.—On Jan. 30 the
$17,000 5% school-building bonds described in V. 84, p. 291,
registered bv the State Comptroller.
Steubenville, Ohio.—Bonds Proposed.—The issuance of
$75,000 sower bonds is being considered.
Streator School District (P. O. Streator), La Salle County,
Ill.—Bonds Voted.—On Fob. 2 the electors of this district
authorized the issuance of $40,000 5% building bonds by a
vote of 15S to 2.
Maturity from 1912 to 1922.
Tama, Tama County, Iowa.—Bonds Voted.—By a vote of
26S to 40, this city on Feb. 4 authorized the issuance of $10,000 electric-light and power-plant bonds.
were
NEW LOANS.
NEW LOANS.
NEW LOANS.
#32,000
#330,000
#7,000
HUDSON COUNTY, NEW JERSEY
BOROUGH OF ROSELLE PARK
FALCONER,
N. Y.,
Union Free School Dlttt. No.
NOTICE IS HEREBY GIVEN that the bonds
of Union Free School District No. 6, of the town
of EUicott, issued in accordance with a proposition
adopted at a Special School Meeting held in said
District on the 11th day of February, 11J07, and
hereinafter described, will be sold at the First
National Bank of Falconer, in said District, on
the
11TJI
DAY OF MARCH, 1907, AT 1
O’CLOCK P. M.. and that sealed bids therefor
received
will be
by the undersigned Clerk of the
Board of Education of said District at said Bank
up to the time above mentioned.
1 FORM:
Coupon or registered, to be agreed
upon.
2 AMOUNT:
$32.500 00.
DENOMINATION:
$300 00
4 DATED:
On date of delivery.
5 INTEREST:
si per cent, due
semi-annually
May 1st and November 1st.
$1,000 00, due annually on the
1st day of November of each of the years 1907
to 1922 inclusive, and $2,000 00 on November
1st of each of the years 1922 to 1920 Inclusive.
7 PLACE OF PAYMENT:
To be agreed upon.
8 AUTHORITY:
Section 10, Title 8 of the
Consolidated Schqol Law.
9 PURPOSE:
Erection of new school building.
10 DEFAULTS
None have ever been made by
the District, Village or Town.
11 BONDED
DEBT:
There is none against
either the District, Village or Town.
12 CONTROVERSY:
None pending or threat¬
fi PRINCIPAL:
ened.
13 ASSESSED VALUATION:
$692,701 00.
14 ACTUAL
VALUATION: [Estimated]
$1,200,000 00.
15 POPULATION:
The District includes the
Village of Falconer and other portions of the
Town of Ellieott.
The last census of the
Village showed a population of 1,034.
The
population of the District is at least 2,000.
For 1900 Includes the
RATE:
principal of $1,710, and interest on $34,200
for one year, the cost of a sower and other ex¬
traordinary expenses, and the usual running
expenses.
Rate is .012392.
DEPOSIT:
A certified check for one per cent
bid.
The Board reserves the right to reject
10 SCHOOL TAX
and all bids.
18 THESE BONDS:
Take the place of $34,200
of four per cent bonds of $1,710 each, Issued
January 1 1900, but not sold and delivered.
19 OTHER FACTS:
This School District ad¬
Union
4% BONDS
6,
SCHOOL BONDS
17
passed by the Village Council Xuv. 21 1906.
nomination
Jones
3
2835, 2836 and 2837 of the Revised Statutes, also ordi¬
nance'
By virtue of resolutions of the Board of Chosen
Freeholders of the County of Hudson, State of
passed at a meeting held Thursday,
February 7, 1907, sealed bids and proposals will
received and opened at the meeting of said
Board, to be held in the Court House, Jersey City,
THURSDAY, MARCH 7, 1907, AT 4 O’CLOCK
P. M., for the sale of $330,000 New Viaduct
New Jersey,
be
Bonds.
Said bonds to be coupon bonds of the County
of Hudson, in denomination of not less than
$l,oot) each, to run for a period of thirty years,
to bear date March 1st, 1907, with interest at
four per centum
per annum, payable semi¬
annually, and to be sold to t lit* highest bidder for
not less than par and accrued interest.
Each proposal or bid must be enclosed In a
sealed envelope endorsed: "Proposals for Bonds,”
and be accompanied by a certilied cheek en¬
closed therein, drawn to the order of Stephen
M. Egan, County Collector, on some National
Bank or Trust Company, or cash. In the sum of
three thousand dollars.
Bidders may bid for the whole or any part of
service provides communication with the city
of Jamestown.
An excellent water supply
and gas and electric lights are also provided.
F. T. MERRIAM,
Clerk.
SEALED PROPOSALS will be received by tin;
of Education of the Borough of Roselle
Board
Park, N. J., until 8 P. M.. SATURDAY. MARCH
2ND, 1907, for the purchase of $7,000 of school
bonds
In
the
denomination of $1,000 each,
payable January 1, 1927.
The above bonds are coupon bonds dated
Jan. 1, 1907, with interest at 4 per cent per an¬
num, payable January
at the National State
1 and July 1 of each year
Bank, Elizabeth, N. J.
A certified cheek drawn to the order of the Dis¬
trict Clerk for 2 per'cent of the
par
value
of the. bonds bid for must accompany each bid as
guarantee of good fait Ik
All bids shall be considered to carry accrued
interest from date of issue of bond to date of
delivery of same.
All bids must be directed to the District Clerk,
and tHe Board of Education .reserves the right
a
to
reject any or all bids.
.
District Clerk,
Roselle Park, N. J.
>
By order of the Board of Chosen Freeholders.
WALTER O’MARA, Clerk.
please furnish certified checks In¬
stead of cash if convenient.
Bidders will
FOR
$35,000 5% WATER BONDS
..$272,503,174 00
20,195,371 00
Total
WEBSTER GROVES,
MISSOURI
$298,098,343 00
§7,782,200 94
in
Sinking
982,110 34
$0,800.156 00
Debt
STEPHEN M. EGAN,
County Collector.
Dated December 1,
Inquire oj
EDWARD S. HART, Mayor,
Assessed Valuations:
Total
Bonded Debt
Cash and Securities
Fund
Particulars
Further
402,583
Real Estate
Personal
SALE
MARCH 4, 1907—20 YEARS
ST AT E M E N T
Hudson County, New Jersey.
FIN A NCIA L
Population
HIGGINS,
WALLACE
J.
the issue.
The Board reserves the right to reject any or
all bids if it Is deemed for the best Interests of the
County so to do.
Specialists inINew Jersey Securities.
eisele & king,
BANKERS,
1906.
anv
joins the City of Jamestown upon the cast.
It
is a manufacturing community and the popu¬
lation is increasing very rapidly.
The rate of
increase in the village of Falconer during the
past ten years has been greater than that of
all but a very few towns in Western New York.
The Village is entered by two branches of the
Erie Railroad
and one branch of the New
York Central.
The tracks of the Jamestown
Street Railway Company extend
along the
main street of ttie Village and a fifteen minutes
County, N. J.
4% s:hool bonds
Adrian H. Muller & Son
Members of New York and Philadelphia
Stock Exchanges.
Private Wires to
N.Y. and Philadelphia.
757-759 Broad St.
NEWARK.
AUCTIONEERS.
Regular
Weekly Sales
OF
STOCKS and BONDS
EVERY WEBNESDAY.
Office
No.
66
WILLIAM
Corner Pine Street.
twwehr'iT'fiieiriv
STREET
Mac
Donald,McCoy & Co,,
a UK/ClPAL
AMD
CORPORATION
BONDS.
i&i La Salle
Street, Chicago.
470
THE CHRONICLE
Jan. 1 1937,
subject to call "'after Jan. 1 1927. Each bid
on a blank form furnished
by George Latham
Fletcher, Town Recorder, and must be accompanied by a
certified check for 3% of the bonds bid for, payable to the
Chairman of the Finance Committee.
Delivery March 15.
Accrued interest to be paid by purchaser.
Official circular
must be made
states that the town has never defaulted on interest
to meet any payment
promptly. Bonded
or
failed
debt, 'including
this issue, .$52,000.
Assessed valuation for 1900, $793,917.
These bonds were offered as 4s on Oct. 1
1900, but no award
was made at that time.
See V. S3, p. 999.
Waterbury, Conn.—Bond Sale.—On Feb. IS the $15,000
1% 1-3-year (serial) coupon water bonds described in V. 84,
p. 170, were awarded to Robert F. Griggs of Waterbury for
$15,013 75 (100.091) and accrued interest—a basis,of about
3.94)4%. A bid of par and interest was also received from
F. B. Noble of
Waterbury.
Waterford, Erie County, Pa.—Bonds Not to Be Issued.—
W c are informed that the
borough has decided not to issue
the $10,000 electric-light bonds voted at the
general election
last November, having entered into a contract with a
private
company to furnish light.
Water Valley, Yalobusha County, Miss.—Bonds Voted
An election held in this place Feb. 5 resulted in a vote of
324 to 16 in favor of issuing
$30,000 5% 5-20-year (optional)
school bonds.
Date of offering not yet decided.
Waupaca, Waupaca County, Wis.—Bond Election.—On
Feb. 26 a vote will be taken on the question of
issuing $15,000
5% bonds for the purchase of 150 shares of the stock of the
proposed Waupaca & Green Bay Railway Company.
Webster Groves, St. Louis County, Mo.—Bond
Offering.—
Further details are at hand relative to the
offering on March 4
of the $35,000 5%
20-year water-main-extension bonds
mentioned in V. 84, p. 412.
Proposals will be received until
$ p. m. on that day by Edward 8.
Hart, Mayor, and the
Board of Aldermen.
Authority Ordinance No. 431, Ap¬
proved Feb. 4, and vote of 357 to -19 at election held Feb. 2.
Denomination $1,000.
Date March 4 1907.
Interest semi¬
INVESTMENTS.
L.
R.
DAY
&
Congress Street,
CO.,
NEW YORK.
New York
City Bonds
EXEMPT FROM
AND
A
STATE, COUNTY
CITY
Each bid must be made
BOND
TAXES
Financial Courtship
a
in Webster
Groves.
city
certified check for $500,
accompanied by a
payable to the city of Webster Groves.
The official notice of this bond offering will be
found among
the advertisements elsewhere in this
Department.
West Branch, Cedar County, Iowa.—Bonds Not Sold.—
All bids received on Feb. 12 for the
$15,000 5% water-works
bonds offered on that day were rejected.
These bonds are
now
being offered at private sale‘and will mature on April 1
as follows: $500
yearly from 1909 to 1919 inclusive, $1,000
yearly from 1920 to 1927 inclusive, $1,500 in 1928 and $1,500
in 1929.
Denomination $1,000.* Date April 1 1907. In¬
terest semi-annually in Chicago.
Westmoreland County (P. O. Greensburg), Pa.—Bond
Offering.—Proposals.will be received until 12 m., March 7,
by John D. Hitehman, County Comptroller, for $1,000,000
4% court-house bonds. Denomination $1,000. Date July 1
1905.
Interest semi-annual.
Maturity July 1 19*30, subject
to call $250,000 on or after
July 1 1910, $250,000 on or after
Juhr 1 1915, $250,000 on or after July 1 1920, $250,000 on or
after July 1 1925.
Bidders must satisfy themselves as to
the legality of the bonds before
submitting bids. Certified
check or bond for 10% of the amount
bid, payable to the
County Commissioners, is required. These securities were
awarded in October 1905 to two local
bankers, but this
award was subsequently’- rescinded.
8ee V. 82, p. 296.
White Plains Union Free School District No. 1
(P. 0.
White Plains), Westchester County, N. Y.—Bond
Offering.—
Further details are at hand relative to the
offering on March 5
of the $150,000 4% bonds mentioned in V.
84, p. 354. Pro¬
posals will be received until 8 p. m. on that day at the office
of Guy II. Baskerville, Superintendent of Schools.
Denomi¬
nation $1,000.
Interest semi-annually at the Fifth Avenue
Bank in New York City.
Maturity* on Jan. 1 as follows:
$6,000 yrearly from 1908 to 1912 inclusive, $7,000
yearly
from 1913 to 1917 inclusive, $8,000
yearly from 1918 to 1922
NEW LOANS.
#1450,000
CALL
NOTICE is hereby given to the holders of the
general indebtedness funding bonds of 1895 of
the City of Galveston, numbered 1 to
35, inclu¬
sive, each for the sum of one thousand dollars
(Si ,000), that tlie City of Galveston will redeem
at
par
the
hereinbefore
named
and
num¬
bered bonds upon their presentation at the
office
of the Treasurer of said City of Galveston, or at
the New York Trust Company,
in tlie City and
State of New York, on the 30TH DAY OF
MARCH, A. D., 1907, and any of the bonds
herein described and designated which are not
presented for redemption as aforesaid on the 30th
day of March, 1907, shall cease to bear interest
from and after said date.
T. J.
GROCE,
Treasurer of the City of Galveston.
Or
LXXXIV,
blank form furnished by the
on a
and must be
Galveston, Texas.
3 Nassau Street,
BOSTON.
annually at the Bank of Webster Groves
BOND CALL
BANKERS,
35
[VOL.
Plea for Conservative
White Plains Free Sell. Dist. No. I
(P. O. White Plains) Westchester Co., N. Y.
4%
BONDS
Sealed proposals will be received until 8 P. M.
MARCH 5Tli, 1907, at the office of Guy H
Baskerville,
Superintendent
of
.Schools,
for
$130,000 4% bonds, tax free.
Maturity as fol¬
lows:
$0,000 yearly from 1908 to 1912 inclusive.
$7,000 yearly from 1913 to 1917 inclusive, $8,000
yearly from 1918 to 1922 Inclusive and $9,000
yearly from 1923 to 1927 Inclusive.
Certhied
check on a State or National Bank or Trust Com¬
pany for 5%• of the amount bid is required.
Payment of principal and Interest
at
Fifth
Avenue Bank of New York.
Bonded indebted¬
ness
of
district
$70,250; assessed valuation
$9,988,855.00.
GUY II. BASKERVILLE,
Superintendent of Schools.
Investments
You Wouldn’t Start
(By Prank W. RnlUns)
The above book will be furnished
without cost on application to
E. H. ROLLINS & SONS, 21 Milk
in this age of electric cars?
of transportation.
a
Horse-Car Line
Not if you wanted to make money out of the business
Then why should you start a manual
telephone exchange in this age of automatics, if you want to make money out of the telephone business?
8t., Boston.
The aromatic system of
F. B. SHERMAN & CO.
MUNICIPAL
)
and
CORPORATION
205 La Salle
)
bonds
Street, CHICAGO
telephony bears the same relation to the manual
does to the horse car
It is the apotheosis of tele¬
phone development, as the electric car is of transportation
development.
The automatic telephone system
produces the best service more economcially
than indifferent service can be
produced with manual equipment.
There is no more question as to the relative
popularity of the automatic and
manual telephone service where the two kinds are
in competition than there ii
as to the relative
popularity of the
system that the electric
And,
as
car
for the securities—the
results.
Blodget, Merritt & Co
,
BANKERS,
16 Conoress
Street, Boston.
se NASSAU STREET, NEW TORE.
STATU CITt
i
RAILROAD BONDS
INVESTMENT BONDS
Lifts upon request.
Denison &
Our Automatic system has been adopted In the
following cltle*
Aberdeen, S. D.
Columbus, Qa.
M&rlanao. Cuba
Akron, Ohio.
Dayton, Ohio.
Marlon. Ind
N.
El
Albuquerque,
M.
Paso, Texaa.
Medford. Wls.
Allentown. Pa.
Fall River, Maas.
Mlamlsburg, Ohio
Auburn. Maine.
Ferguson, Mo.
Mount Olive, Ill
Auburn, N. Y.
Grand Rapids, Mlah
New Bedford, Mass
Battle Creek, Mieli.
Hastings, Neb.
Oakland. Cal
Bellingham, Wash.
Havana, Cuba.
Ocean Park, Oal
Berlin, Germany.
Haxieton, Pa.
Pen tw a ter. Mich j
Buxton, Iowa.
Hopkinsville, Ky
Portland. Me
Cadlllao. Mich.
Jonesboro. Ark.
Portland. Ore
Champaign. Ill.
Lake Benton, Minn.
Princeton N J
Chicago, Ill.
Lewiston, Me.
Richmond Ind
Clayton, Mo.
Lincoln, Neb.
Riverside. Oal
Cleburne, Texas
Los Angeles. Cal.
Ban Diego, Oa
Columbus, Ohio
Manchester, Iowa.
San Franelsco. Cal
Santa Monica
Farnsworth,
BOSTON
CLEVELAND and PHILADELPHIA.
trolley car and the horse car.
comparison may be applied with the
same
Van
Cal
Sioux City, &m».
South Bend, ind.
Spokane. Wash.
Springfield, Mo.
St. Mary's Ohio.
Tacoma, Wash.
Toronto Junction, Oiuimda
Traverse City, Mich
Urbana, Ill.
Van Wert, Ohio.
Walla Walla. Wa
Watch Hill. R. I.
Wausau. Wls.
Westerly, R. I.
Wilmington, Del.
Woodstock. N.B., Canada.
AUTOMATIC ELECTRIC CO.,
Buren and
Morgan Streets
sam
CHICAQO, U.S. A.
'
471
THE CHRONICLE
Feb. 23 1007.
inclusive and §9,000 yearly from 1923 to 1927 inclusivev |* Clark, Village Clerk, for $3,772 5% Springfield Avenue improveinent assessment bonds dated Dec. .1 1906. Authority
Bonds are exempt from tax.
Certified check on a State or Ordinance No. 620, passed Oct. S 1906. Denomination
national bank or trust company for oc/( of the amount bid j §377 20.
Interest annual. Maturity §377 20 yearly on
Purchaser to pay accrued
Dec. 1 1907 to 1916 inclusive.
is required.* Bonded debt at present, §76,250.
Assessed
merest.
valuation, §9,OSS,855.
Ohio.—Bond Offering.—Proposals will be
March 18, by Wm. I. Davies, City
Auditor, for the following bonds:
$6,380 5% Glemvood Avenue grading bonds.
Maturity $1,276 yearly on
Oct. 1 from 1908 to li)12 Inclusive.
official notice of thin bond offering will be found among
elsewhere in this Department.
Wichita School District, Kan.—Bond Bill.—A bill recently
introduced in the State Legislature authorizes the Board of
Education to issue high-school bonds.
Wilkes-Barre School District
(P. O. Wilkes-Barre),
Luzerne County, Pa.—Bond Sale.—This district has awarded
§95,000 4)4% coupon school-building bonds to N. W. Harris
& Co. of New York City atja premium.
Denomination §500.
Date Jan. 1 1907.
Interest semi-annual. These bonds
take the place of the §98,000 4% bonds offered without suc¬
cess on Jan. 15.
See V. 84, p. 177.
Youngstown,
The
Willis
Independent School District (P. O.
f>8,000 5% West
2 p. in.,
Federal Street pat lmr ponds.
Oct. 1 from
on
1908 to 1917 inclusive.
Maturity $5,800 yearly
The above bonds will be dated March 25 1907.
Interest
semi-annually at the office of the City Treasurer. Bids
must be made for each block of bonds separated}' and must
be accompanied by a certified check for 2% of the bonds bid
for, payable to the City Auditor.
Purchasers must be pre¬
pared to take the bonds not later than March 25, the money
to be delivered at one of the banks in Youngstown or at the
City Treasurer’s office.
Bond Sale.—On Feb. 18 the six issues of 5% 3 2-3-year
Willis), Mont¬
Registered.—On Jan. 19 the (average) sewer and street-grading bonds described in V. S4,
5% 5-20-year (optional) ]). 292,
were awarded to the Firemen’s Pension Fund of
district dated June 1 1906.
Youngstown at 102.47 and accrued interest. Following are
gomery County, Tex.—Bonds
State Comptroller registered §3,000
school-house bonds of this
until
received
the advertisements
Willmar, Kandiyohi County, Minn.—Bond Election.—An
election will be held in April to vote on the question of issuing
the bids:
bonds.
Bonds.
"Willoughby, Lake County, Ohio.—Bond Offering.—ProLais will be received until 12 m., March 11, by C. C. Jen-
p
k ys,
Village Clerk , for $26,000 4%% coupon sanitary-sewer
1 ‘inis.
Denomination §1,300.
Date March 1 1907. In11JTst semi-annually at the Cleveland Trust Co. in Willoughlw.
Maturity §1,300 each six months from March 1 1908 to
Sept. 1 1927 inclusive.
Bonds an; exempt from taxes.
Accrued interest to be paid by purchaser.
Winnfield, Winn County, La.—Bonds Voted.—On Jan. 23
the tax-payers of this place voted in favor of an issue of
5% 30-year bonds for a water-works system.
Wyoming, Hamilton County, Ohio.—Bond Offering.—
Proposals will be received until 12 in. March 9 by W. A.
Firemen’s Pens.
Youngstown
Fund.
Brighton-Germ.
Bank] 2,453 75
\
Hayden, Miller & Co.,
Cleveland
Denison & Farnsworth,
Cleveland & Boston.
or
S11 00
1.022 50
1.966 00^ 2,293 00
2.450 00
1.646 75
1.646 05
812 95
1.022 57
1.963 80
1.963 36
2,292 00
2.284 72
1,639 65
809 65
1,018 50
1,955 30
2,281 50
t
Bid in bulk. $10,084 50
Cin.
We are in¬
All the above bids include accrued interest.
formed that the $2,600 5% Myrtle Avenue sewer bonds
advertised to be sold on the same day were withdrawn prior
to the sale.
MISCELLANEOUS
CASUTRAPLU3D $11,000,000
THE
OF
2.294 50
1.648 50
MISCELLANEOUS.
OFFICE
1,965 75
2,452 00
2,439 00
Cleveland
r
Bruce St.
Bonds
$10,210 for the entire six issues.
SomersetBk.Somerset 2,442 25
W. J. Hayes & Sons,
i
SI ,967 52 $2,295 44
..$2,454,27 SI.649 85 $814 67 $1,024 75
1,647 25 809 75 1.020 50
Cincinnati
Breed & Harrison.
Cherry Oakland Av. Tine St.
St.Bds.
Bonds.
Bonds.
Rose St.
Bonds.
V
$2,240
Rigley A-
$1,920
$1,000
$795
Si.610
$2,395
Mercer St.
!
guarantee
ATLANTIC MUTUAL INSURANCE COMPANY. Title
andTRUST COMPANY
}
New York, January
T
■
Trusted, in
conformity with the ('barter of the Company, submit
<>u t!u
5ist of December, 1906.
Premiums on Marine Risks f-om Ft January, 1906.
Premiums on Policies not marked olf i:;t January.
Total
Marine Premiums.
.
.
io January.
Premiums marked of! from
received during the .tear.
Rent, less Taxes and Expenses.
Interest
Losses paid during the year
and previous years
Losses occurred, estimated
.
.
.
1906
.
..
1
which were estimated In 1005
.
...
and paid in 1906
$556,457 OS
$3,081.714
$431,950 S3
125,501 85
.
Premium notes and Bills Receivable
Cash in
hands of European Bankers
countries
Cash in bank
.
_
$4,299,000 00
75.000 00
.
.
.
to pay losses
27
.
-
under policies payable in foreign
.
Aggregating
--
—
$5,697,108
700,966
4,374,000
1,191 ,974
271,142 54
562.631 63
of profits will be paid to the
Fifth of February next.
and paid to the holders thereof,
February next, from which date
of payment, and canceled
premiums of the Company for the
certificates will be Issued on and
By order of the Board,
STANTON
Famishes Mortgages
Receives Deposits
subject to checht allowing
Company Business.
FINANCE COMMITTEE.
Charge of Banking Interests.
BEDFORD.
CLARENCE H. KBLS8Y PrasMaot.
PRANK BAILEY. Vlc»-Presl4—t.
EDWARD O. STANLEY Sacoo4 Vlca-Prtwidaat,
Manager Banking Department.
CLINTON D. BURDICK. Third Vlce-Piosldsat.
J. WRAY CLEVELAND. Secretary.
ARTHUR TERRY. Treasons.
PRANK
L.
SNIFFBN, Manager Brooklyn Baaldoo
FLOYD-JONES. Secretary.
Department.
Atlantis Mutual Insurance Company Strip
of All Years Beaght and Mid.
JOHN
M. GILLESPIE,
No. 518 Atlantic
Building,
Room
49-51 Wall Street.
NEW YORK.
TR USTEES.
GUSTAV AMSINCTv.
FRANCIS M. BACON,
JOHN N. BEACH.
WILLIAM B. BOULTON,
VERNON H. BROWN.
WALDRON P. BROWN,
JOSEPH H. CHAPMAN,
GEORGE C. CLARK.
CLEVELAND II. DODGE,
CORNELIUS ELDERT,
RICHARD II. EWART,
HERBERT L. GRIGGS,
CLEMENT A. GRISCOM,
ANSON W. HARD.
MORRIS K. JESTTP,
LEWIS CASS LEDYARD,
FRANCIS H. LEGGETT,
CHARLES D. LEVERICH,
LEANDER N. LOVELL,
GEORGE IT. MACY.
CHARLES H.
MARSHALL,
H. MOORE.
NICHOLAS F. PALMER,
HENRY PARISH,
DALLAS B. PRATT.
GEORGE W. QUINTARD,
A. A. RAVEN.
W. H.
JOHN L. RIKER.
DOUGLAS ROBINSON,
GUSTAV H. SCHWAB,
WILLIAM A. STREET.
A. RAVEN, President.
CORNELIUS ELDERT. Vice-President.
.TAMES L. LIVINGSTON. 2d Vice-President.
SANFORD E. COBB. 3d Vice-President.
CHARLES E. FAY, 4th Vice-President.
A.
fl’ ll*’VNWWJ,J,|V-1 r!r‘WT^VH.|
1
to Investors.
Interest.
$12,797.823 72
A dividend of Six per cent interest on the outstanding certificates
holders thereof, or their legal representatives, on and after Tuesday the
Tlie outstanding certificates of the issue of 1901 will he redeemed
or their legal representatives, on and after Tuesday the fifth of
all Interest thereon will cease.
The certificates to be produced at the time
A dividend of Forty per cent is declared on the net earned
year * ending 31st December. 1906, for which, upon application,
after Tuesday the seventh of May next.
G.
Titles,
CLARENCE H. KELSEY.
EDGAR L. MAR0TON.
WILLIAM H. NICHOLS.
JAMES H. OLIPHANT.
CHARLES A. PEABODY.
JACOB H. BCHIFP.
JAMES SPEYER.
EDWARD O. STANLEY.
$62,411 11
Special deposits In Banks and Trust Companies
Real Estate corner Wall and William Sts., and Exchange Place
Other Real Estate and claims due the Company
guarantees Real Estate
ID WARD T.
257,367 31
Expenses, including officers’ salaries and clerks’ compensation, sta¬
tionery, newspapers, advertisements, etc
$344,098
The Company has the following- Assets, viz.:
United States and State of New York Stock. City. Bank and other Securities
Brooklyn Banking Dept.
Money on Bond and Mortgage.
In
$1 .061 .674 15
Returns of Premiums
Loans
Does all Trust
$309,817 14
1.009,224 32 $1,319,041 46
$107,176 57
150,190 74
Less
.
$3,772,433
...
.
198 Montague Street,
Examines &
$3,100,241
582,191
1906
to 31st December,
..
.
.
Salvages
Re-insurances
the following statement of Its affairs
19'’., to r.’.st December.-1906
.
176 Broadway, New York.
176 Rem sea Street, Brooklyn.
22d, 1907.
THE
Business
SOUTH.
Opportunities, Investment
Securities, Real Estate, Timber, Mines,
Industrial Properties, Farm or Town
Mortgages in all parts of the South.
METROPOLITAN INVESTMENT CO.,
GEO. B. EDWARDS,
President. Charleston. S. C..
Commercial and Financial Agent.
Business undertaken
in all parts ol the world.
Satisfactory references.
InTfri
iHt&kail‘ltuomnnI
I
472
THE CHRONICLE.
[VOL.
fjfitrattcfctl.
Jfitumctal.
William R. Compton
Bond & Mortgage Co
15^ Equitable
MACON, MISSOURI.
(Established In 1889)
TRUST COMPANY
MISSOURI MUNICIPAL BONDS—
School, City, County and Drainage
list gives a wide selection of
Our
OF NEW YORK
15
NASSAU
W.
KRECH,
FREDERICK
LYMAN RHOADES JR., Assistant
HUGH
Secretary.
M.
W.
FULLE,
WALKER,
Sec.
and
Assistant
profit make
Treas
F.
Adams 2d
John
C
B.
Alexander
Frederick
H.
M.
Alexander
F.
b.
H.
F.
T.
H.
R. Coudert
W.
D.
W.
Lawrence L.
Huso Baring
Paul
Dryden
Cravath
H.
Gillespie
Otto
Hubbard
H.
J.
W.
William
L.
F.
Force
D.
H.
Day
Henry C. Deming
M. Hartley Dodge
Paul
Pierce
WILLIAM
Redmond
Moffat
Sir
William C.
H
M.
George
Henry
Van
Capital, $3,000,000.
REPUBLIC
Horne
Walker
T.
Payable In U. S. Gold Coin
Winthrop
YIELDING OVER 5%
ALEX. S. WEBB
MORTIMER N.
2 Wall
Continental
dePoreat,
John B. Dennis,
Elbert H. Gary,
CHICAGO
Building.
1st Nat. Hank
Bldg.
New Orleans
BAWAKO, President.
FREDERICK J. HORNE, Secretary.
Vice-President..
Real
HERBERT W.
ARTHUR 8.
Walter Jennings,
foseph P. Grace,
CO.,
Street, New York.
BALTIMORE
STREET
MORSE, iat Asst. Secretary
QIBB8, ad Asat. Secretary.
TRUSTEES.
Chas. W. Harkness,
Gordon Macdonald,
James N. Hill,
John J. Mitchell,
F. N. Hoffstot,
James Parmelee,
Arthur Curtiss J ames,
GeitgeW. Perkins,
Frederic B. Jennings,
John 8. Phipps,
James A. Blair,
ANNUM
Surplus and Profits, $10,941,994.
BUCKNER, Treasurer.
Otto T. Bannard,
8. Reading Bertron,
Robert W.
\
JR.,>
PER
T. W. STEPHENS &
OTTO T.
’
OF CUBA
5% Internal Bonds
Wilson
Rogers
Peters
BROAD
COMPTON, President.
Building
Henry Smith
THE NEW YORK TRUST COMPANY
26
R.
4 Wardell
Gage E. Tarbell
Krech
Morton
Ralph
S.
offerings attractive
V. P. Snyder
Kahn
Alvin
S.
Porter
Lyman Rhoades Jr.
Bradish Johnson
H. Crocker
H.
Henry
Harriman
T. DeWitt Cuyler
A.
Winslow
Fulle
our
Send for latest circular
New York, Chicago, St. Louis and
Kansas City references
Treasurer.
TRUSTEES.
C.
brokerage
on
Close buying, large volume and small
President.
LAWRENCE L. GILLESPIE, Vice-President.
of
$2,000 to $100,000.
Opinion Chicago counsel, full legal
papers furnished
We buy direct and handle
nothing
Surplus $10,000,000
ALVIN
attractive issues in sizes
manj’-
STREET
Capital $3,000,000
LXXXIV.
Chauncey Keep,
Woodbury Langdca,
B. Aytnar Sands,
Joseph J. Slocum,
Securities
Zl'i CAMP ST.,
Company
NEW Oil LEAN*,
-
CAPITAL PAID
John W. Sterling,
James Stillman,
Ernst Thahnann,
E. Parmalee Prentice, Myles
Tierney.
Edmund D. Randolph
P. A. Valentine,
Norman B. Ream,
Estate, Mortgage &
LA.
IN, $600,000
Dealers in
Southern
municipal
Securities
and Real Estate Loan*
The South
to-day presents the promise oj
the greatest industrial advancement
GUNN, RICHARDS
BEADLE & MAXWELL
CO
Gas and Electric
ENGINEERS
PUBLIC
ACCOUNTANTS
82 Beaver
St.,
NEW YORK
Examinations and Reports
43
EXCHANGE
PLACE, NEW YORK CITY
I860
1907
The United States Life
Also
at
CHICAGO—First National Bank
Building.
Insurance Co.
BOSTON—50 Congress Street.
MONTREAL—Bank of Ottawa
Building.
IN
THE CITY OF NEW YORK
Issues Gauranteed Contracts.
JOHN P.
THE INTERNATIONAL BANK,
60
WALL
STREET,
Capital and Surplus,
Deposits;
.
.
.
N. Y.
$600,000
1,750,000
HODENPYL, WALBRIDGE & GO.,
7 Wall
St., New York.
Railroad, Street Ry., Gas & Elec. Light
Individual and Commercial Accounts Invited
SECURITIES.
Facilities Afforded for Transacting
Foreign and Domestic Business
.
Finance Committee
JAMES R. PLUM...
...
Leather
OLAHENCE H. KELSEY. Prea. Title Quar. A Tr. Go.
WM. H. PORTER
Free. Chemical National Bank
Good men, whether experienced In life insurance
not, may make direct contracts with this Com¬
pany, for a limited territory If desired,and secure
for themselves, In addition to iirst year’s commis¬
sion, a renewal Interest Insuring an Income for the
future.
Address tlie Company at its Home Office,
No. 277 Broadway, New York
City.
or
.
INTEREST PAID ON TERM DEPOSITS
THOS. H. HUBBARD. President.
J. S. FEARON, Vice-President.
JOHN HUBBARD. Vice-President.
JAMES H. ROGERS. Cashier.
CHAS. S. LIPPINCOTT Asst «ashf«
MUNN, M.D., President.
WEBB
IH VESTMENT
74
&
CO.,
SECURITIES.
BROADWAY, NEW YORK
EUROPE IN AUTOMOBILE
A Tour
fojr Business Men’s Families
Few vacancies for desirable
people m small
private party.
Apply for particulars to
CAMILLE THURWANOER
BOS
N
N E
MASS
Conservatory
Feb. 23
THE CHRONICLE
1907.]
XVII
£ntst ©orapamjes.
St. Lon is, Mo
Member
SO
Clearing House Association
St. Louis
wm. maffitt.
Treasurer
President.
Commenced business Nov. 16,
STATE
STREET.
BOSTON.
MASS
BUNKER HILL BRANCH:
Capital & Surplus,
Transacts
1899
a
-
Acts
Nov. 16.1899
as
General Trust and
Trustee under Railroad and other Mort¬
also as Agent for the Registering
and Transfer of Stock-
gages;
$1,667,051 19
A
Nov. 16, 1900
legal Depositary for Court Funds, and author¬
ized to act
$4,429,448 02
as
Executor. Guardian. Ad¬
and Trustee.
The Proof of Good Service is Constant Growth
Safe Deposit
Boston
AMERICAN
BOARD OF DIRECTORS:
T. JEFFERSON COOLIDQK JR.
Gordon Abbott,
Oliver Ames,
C. W. Amory,
Charles F. Ayer,
Samuel Carr,
B. P. Cheney,
T. Jeffersou Coolldge,
Charles Ei Cutting,
BOSTON, MASS.
BOSTON
$1,000,000
SURPLUS (Earned) $1,500,000
Transacts a General Banking and Trust
Company Business.
Interest allowed on Deposits Subject to Check.
Trustee under Mortgages, Transfer Agent, and
Transacts
mass
Genera!
a
Trust
and
Banking Business.
on Deposits Subject to Check
Registrar.
BOARD OF DIRECTORS:
Acts as Trustee under Railroad and other
N. IV. Jordan, Chairman.
Mortgages and is authorized to act as Executor,
C. F. Adams I'd,
William A. Gaston,
Guardian, Administrator and Trustee.
Elmer P. Howe,
Rodolphe L. Agassiz,
John Lawrence,
F. Lothrop Ames,
Hobart Ames,
John S. Lawrence.
Edwin F. Atkins,
Lester Leland,
Frederick Ayer,
S. E. Peabody,
Francis Peabody Jr.,
Charles S. Bird,
A. G. Bullock,
Royal Robbins,
Samuel Carr,
Henry A. Reuter,
P.
L. Saltonstall,
Gilmer Clapp,
CHARLES E. ROGERSON, President.
T. Jefferson Coolldge Jr. R. Paul Snelllng,
JAMBS LONGLEY, Vice-President.
Gordon Dexter,
Frank W. Stearns,
WILLIAM C. WILLIAMS, Vice-Pres’t.
William R. Driver.
Eugene V. R. Thayer. I
G. E. GOODSPEED, Treasurer.
F. O. Dumalne,
Charles W. Whittier,
W, L. WHITNEY, Asst. Treasurer.
Eugene N. Foss,
HENRY A. FENN, Sec.&Mgr.Safe D.D’t.
T. JEFFERSON COOLIDGE Jr., President.
H. D, HEATHF1ELD, Assistant Sec.
CHARLES L. BURRILL, Vlce-Prest. & Treas.
J. H. PERKINS, Vice-President.
F. J. BURRAGE, Assistant Secretary.
C. H. BOWEN, Secretary.
E. A. COFFIN, Asst. Treasurer.
G. W.
AURYANSEN.
Asst. Sec.
Capital
Surplus (Earned)
$1,000,000
2,000,000
,
Philip L. Saltonstall,
Frederick 1*. Fish,
Reginald Foster,
George P Gardner,
Charles W. Whittier.
Robert F.
Stephen M. Weld,
Herrick,
The NEW ENGLAND
TRUST COMPANY,
BOSTON, MASS.
$1,000,000
-
2,000,000
....
Authorized to act as executor and to receive and
hold money or property In trust or on deposit from
Courts ot Law or Equity. Executors. Administrators.
Assignees. Guardians,
Individuals.
Also acts
Interest Allowed
Thomas L. Livermore,
diaries
M elien,
George v. L. Meyer,
Laurence Minot,
Richard Olney,
Robert J. Paine, 2d,
Nathaniel Thayer,
Lucms Tuttle.
CAPITAL,
SURPLUS.
Trust Company
Chairman.
...
-
Henry S. Howe,
Walter Huunewell,
Philip Dexter,
Eben S. Draper,
AND
COMPANY,
-
$7,000,000
*=
TRANSACTS A GENERAL
BANKING
BUSINESS.
ALLOWS INTEREST ON
DAILY.
BALANCES
SUBJECT TO
CHECK.
TRUSTEE
UNDER
MORTGAG¬
ES.
TRANSFER
AGENT.
REGISTRAR.
DIRECTORS.
PHILIP STOCKTON, President.
Charles F. Adams 2d.
Henry C. Jackson,
Orlando H. Alford,
George E. Keith,
F. Lothrop Ames,
Gardiner M. Lane
John S. Bartlett.
Arthur Lyman,
T. Jefferson Coolldge Jr., Maxwell Norman,
Charles E. Cotting.
Robert T. Paine 2d.
Alvah Crocker,
Andrew W. Preston
Richard S. Russell
Livingston Cushing.
Howard Stockton.
George A. Draper.
William F. Draper.
Charles A. Stone,
Wilmot R. Evans.
Quincy A. Shaw Jr.,
Frederick P. Fish,
Nathaniel Thayer,
Robert F. Herrick.
Henry O. Underwood,
Francis L. Higglnson,
W. Seward Webb.
Sidney W. Winslow.
$11,780,418 95
-
Capital and Surplus,
ministrator
Nov. 16, 1901
CAPITAL
BOSTON, MASS.
$4,000,000
-
Banking Business
Interest Allowed on Deposits Subject to Check-
RESOURCES
TRUST
COLONY
TRUST CO.
City Square, CHARLESTOWN. MASS.
Capital and Surplus, $9,500,000
festus j.wade.
CO. OLD
TRUST
CITY
Mercantile Trust Co*
as
Corporations
Trustees,
and
Trustee under Mortgages and as Transfer
Agent and Registrar of Stocks and Bonds.
Interest Allowed on Deposits Subject to Check.
OFFICERS.
DAVID R. WHITNEY, President.
CHARLES H. DALTON. Vice-President.
CHARLES F CHOATE, Vloe-Presldent.
FRANKLIN HAVEN, Vice-President.
JAMES R. HOOPER, Actuary.
HENRY N. MARR, Secretar
FRED K W. ALLEN. Asst -Sec- ATreas
.
THOMAS E. EATON, Asst. Treasurer
FRANCIS R. JEWETT. Trustoffleer
BOARD OF DIRECTORS
William Endlcott, Chairman.
Frederick P. Fish.
Walter C. Bayhes.
Alfred Bowdltch,
Morris Gray.
Charles F. Choate,
Franklin Haven,
Alexander Cochrane,
James R. Hooper,
Edmund D Cod man.
James M. Prendergast,
T. Jefferson Coolldge.
George S. Sllsbee,
Charles H. Dalton.
Lawrence M. Stockton.
Nathaniel Thayer,
George Dexter,
Philip Dexter.
William Farnsworth,
Wlggleeworth.
George
Davie
fhltney.
-
MISSISSIPPI VALLEY
CENTRAL
TRUST CO.
TRUST COMPANY
OF ILLINOIS,
CHICAGO
A
Capital,
.....
$2,000,000
Surplus,
-----
500,000
CHARLES G. DAWES. President.
W. IRVING OSBORNE, Vice-President.
A. UHRLAUB. Vice-President.
WILLIAM R. DAWES. Cashier.
L. D. SKINNER. Asst. Cashier.
MALCOLM McDOWELL. Asst Secretory.
FIDUCIARY
GENERAL
FINANCIAL
AND
BUSINESS TRANSACTED
D.R. Francis
August Gehner
Murray Garieton
Charles Clark
Chas. H. Huttig James E. Smith
Aug- B. Ewing
DEPARTMENTS.
TheTrust Company of
North America
503-505-507 Chestnut St., Philadelphia.
S. E
Hoffman
R. J. O'Reilly.MD
H. Clay Pierce
J. Ramsey Jr.
Wm D. Orthwetn
OFFICERS
JULIUS S. WALSH, Chairman of the Board
BRECKINRIDGE JONES, President
JOHN D- DAVIS, Vice-President
SAMUEL E. HOFFMAN, Vice-President
JAMES E. BROCK. Secretary
HUGH R. LYLE, Asst. Secretary
HENRY C- IBBOTSON, Asst. Secretary
C. HUNT TURNER Jr., Asst. Secretary
FREDERICK VIERLING, Trust Officer
HENRY SEMPLE AMES,
Asst. Trust Officer
CHARLES M. POLK, Asst. Trust Officer
WILLIAM G. LACKEY. Bond officer
WM. McC. MARTIN, Asst. Bond Officer
TOM W. BENNETT, Real Estate Officer
C. W. MORATH. Safe Deposit Officer
$1,000,000
ADAM A.
STULL, Presklent.
HENRY G. BRENGLE, 1st V ce-Pres. <fc Treasurer.
JOS. S. CLARK, 2d Vlce-Pres., Strperv'g Trust Dept.
(.'HAS. P. LINEAWEAVER, Sec; & Asst Trust Officer
DIRECTORS.
j. Levering Jones.
Henry G. Brcngle,
James Crosby Brown, Malcolm Lloyd,
John Cadwalader,
John Mcllhenny,
E. W. Clark Jr.,
Richard Wain Mein,
Clement B. Newbold,
Eckley B. Coxe Jr..
Edwin S. Dixon,
John W. Pepper.
Eugene L. Ellison,
Joseph C. Fraley,
Harry C. Francis,
Henry L. Gaw. Jr..
.
Wi 11am F. Read.
Frank Samuel,
Adam A. Stull,
Edward D. Toland,
Howard S. Graham,
Joseph R. Walnwrlght,
Samuel F. Houston,
William D. Winsor.
Acts as Executor, Trustee,
Registrar, Etc.
Becomes Surety.
Complete Set of Safe Deposit
Vaults Interest on Deposits-
http://fraser.stlouisfed.org/
'foWyiWlWi-MI
"(W
Federal Reserve Bank
of St. Louis
Wisconsin Trust
Co.,
MILWAUKEE.
Capital,
-----
$500,000
Surplus,
-----
100,000
Transacts
a
General Trust Co Business.
Buys and Sells
High Grade Investment Bonds.
OFFICERS.
OLIVER C. FULLER, President.
FREDERICK KASTEN, Vice-President
GARDNER P. STICKNEY. Treasurer.
FRED- C. BEST. Secrctarv
R. L. SMITH, Ass’t Secretary
'
rfTilt*■
'’•iWW-llTWHiN
Maryland Trust Co.
BALTIMORE.
CAPITAL,
ft>
-i "h
wWiM- ifli
iii|iiii4^biPlT'W'wT,^M'/Ft|l'r,i;r'''l’tr
-
$2,000,000
-
DIRECTORS
Grier Hersh,
DIRECTORS
John I. Beggs
Wilbur F. Boyle
James E. Brock
Breckln’ce Jones Robt.H. Stockton
Horatio N. Davts Nelson WMcLeod Julius S. Walsh
John D. Davis
Saunders Norvell Holla, Wells
BANKING, SAVINGS AND TBUST
CAPITA!
FOURTH & PINE STS., ST. LOUIS
Joslah L. Blackwell,
G. Clymer Brooke,
H. Carroll Brown,
John W. Castles,
Joseph R. Foard,
Jr.,
George C. Jenkins,
Joshua Levering,
Oscar G. Murray,
B. Howell Griswold Jr.,
A. Barton Hepburn,
John T. Hill,
Ernest Hoen
Henry F. Shoemaker,
James
Speyer,
Douglas M. Wylie.
OFFICERS
HERSH
President
ALLAN McLANE
Vice-President
L. S. ZIMMERMAN
Secretary
GRIER
CARROLL VAN NESS
Treasurer
JERVIS SPENCER Jr._.Asst. Treasure
IVAN SKINNER
Asst. Secretary
THE AUDIT COMPANY
OF ILLINOIS,
1137 First National Bank
Building,
CHICAGO.
Public Accountants and Auditors.
C. W. KNISELY
C. P. A.
President—Manager.
Regular and Special Audits for Corporation*,
Firms and Individuals, Financial and Physical
Examinations by experienced Auditors and En¬
gineers.
Take* entire charge of accounts for
Guardians,
Trustees,
Executors and
Receivers.
[VOL.
THE CHRONICLE
XVIII
LXXX1V,
gxust ©cmpattijes.
Union Trust
Guaranty Trust
1 rust G ompany
OF NEW YORK
28 Nassau Street
33 Lombard St.,
LONDON
NEW YORK
80
Broadway, New York.
Branch: 425 Fifth
CAPITAL,
E.C.
Ave., eor. 38 th St.
^1,000,000 00
$8,092,662 44
...
BUMPLU8,
...
AUTHORIZED TO ACT AS
,
Executor, Administrator, Guardian
Surplus, $5,500,000
Capital, $2,OOO,000
Company
OF NSW TOBK
Receiver
or
Trustee
AND IS
Lis* of Carefully
A
CERTIFICATES OF DEPOSIT.
INTEREST PAID ON CHECK ACCOUNTS AND ON
LEGAL, DEPOSITARY
Allows Interest
Selected Securities for Investment Mailed upon Application
Receives
OFFICERS*
GEORGE GARR. HENRY,Vice-President.
WM. C. EDWARDS, Treasurer.
F. C. HARRIMAN. Assistant Treasurer.
K. W. SPEIR, Manager Bond Depertinent
Issues Travelers’ Letters of Credit and Foreign
R. T Wilson,
Charles U. Cel and,
H Van R. Kennedy
W Emlen Roosevelt,
J -s r. Woodward.
Undivided Profits,
E. R. MERRITT,
H.M.POPHAM,
)
T.W. HARTSHORNS, \
H. M. MYRICK,
’
$777,673
Vhje-Pres. Corn Exch. Ba„ N. Y.
A. BARTON HEPBURN,
Pres. Chase Nat. Bank, N. Y.
Co., New Tork.
8AMUEL G. BAYNE,
Pres. Seaboard Nat. Bank, N
Y.
THOMAS W. LAMONT,
2d Vice-President.
EDWIN M. BULKLEY,
Spencer Trask & Co., Bankers,
TRUST
Pres. Mechanics’ Nat. B’k,
JAMES G. CANNON,
Blair St Co., Bankers,
EDMUND C. CONVERSE,
J. P. Morgan St Co„
JAMES H. ECK
N. Y
New York.
DANIEL G. REID,
LS.
OFFICERS*
a
Pres.Imsorteis’ & Traders’ Nat.
Bank, N. Y.
ALBERT H. WIGGIN,
Nat.
Vice-Pres. Chase
New York.
Bank
SAMUEL WOOLVERTON,
Pres. Chemical Nat. Bank, N. Y.
Bank, N.Y
Pres. Gallatin Nat. Bank,
EDWARD F. C.
N.Y.
YOUNG,
Vice-Pres. Liberty Nat. &>’k, N.Y.
Pres. 1st Nat. Bank. Jersey City
Pres. Com. Nat. Bans, Chicago.
Aota aa Executor, Administrator and Guardian * Assignee and Receiver i Registrar,
Transfer and Fiscal Agent * and as Trastee for Individuals and corporations.
ALLOWS INTEREST UPON DEPOSITS.
J. F. THOMPSON
OFFir'FRQ
Wmi/tllO.
VICS-PKEBIDIN'T
E. C. CONVERSE
O. E. POMEROY
B. STRONG JR.
SECRETARY
F. N. B. CLOSE
H. W. DONOVAN
ASSISTANT TRUST OFFICER
ASSISTANT TRKA8TTRBR
We refer
pany,
T. W. LAMONT
3D VIOB-PRlSlDUn
PRESIDENT
TKKASURKR
you" to The Corporation Trust Com¬
135 Broadway, New York, for information
regarding
any
point involved in the organization
and taxation of business
laws of any
of the States
corporations under the
or
NASSAU, NEW YORK.
$3,000,000.
EDWARD TOWNSEND.
B’kers, N.Y.
WILLIAM H. PORTER,
HENRY P. DAVISON
cor.
Capital, Surplus and Undivided Profits,
GILBERT G. THORNE,
GEO. W. PERKINS,
President.
WALL ST,
Vice-President.
EDGAR L. MARSTON,
Vice-Pres. Fourth Nat. Bk. N Y
Vlce-Pres. First Nat.
EDWARD F. SWINNEY,
Pres. 1st Nat. B’k, Kansas City.
JOHN F. THOMPSON,
CO.,
Vice-Pres. Nat. Park Bank. N.Y.
GATES W. McGARRAH,
New York.
Assistant Secretaries
MANHATTAN
Surplus $500,000
WALTER E. FREW,
Pres. Bank of the Manhattan
4th Vice-President
C C. RAWLINGS, Trust officer.
DIRECTORS.
STEPHEN BAKER,
Robert W. Uoelet,
William Woodward,
Alex Smith Cochran.
John V. B Thayer.
J. V. B. THAYER, Vice-Prest St Secretary.
New York.
Capital $ 1,000,000
James Speyer,
Augustus W. Kelley,
N. Parker Shortridge.
Amory 8. Car hart,
Harrison E. Gawtry,
Walter P. Bliss.
Frederick deP. Foster
Alexander Maitland.
EDWARD KING. President.
AUGUSTUS W. KELLEV. Vice-President-
BANKERS TRUST
COMPANY
7 Wall Street,
Deposits.
TRUSTEES
James Henry Smith,
Charles H. Tweed,
Edward King,
Drafts.
FOR MONEY.
Securities for Safe Keeping and
Collection of Income.
JOHN W. CASTLES, President.
ALEXANDER J.HEMPHILL,Vice-President
MAX MAY, Manager Foreign Department,
E. C. HEBBARD, Secretary.
R. C. NEWTON, Trust Officer.
on
Territories.
JOHN L WATERBURY, President
JOHN KEAN,
) ViceAMOS TUCK FRENCH, f Presidents.
W. N. DUANE, Vice-President.
The Manhattan Trust Company receive* deposit*
oearlng Interest and subject to cheque, payable
through tbe New York Clearing House.
DIRECTORS.
James J. HilL
Francis R. Appleton.
John Kean.
Robert Bacon.
John J. Mitchell.
George F. Baker.
Oliver U. Payne.
E. D. Randolph
Angust Belmont.
Walter P. Bliss.
■*
R, J. Cross.
Grant B. Schley.
8. L. Schoonmaker.
Rudolph Ellis,
John 1.
Amos Tuck French
R. T
H. W. Cannon.
Waterbary
Wilson.
Girard Trust Company*
CAPITAL and SURPLUS, $10,000,000.
CHARTERED 1836.
Executor, Administrator, Trustee.
Assignee and Receiver.
Financial Agent lor 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.
(Safes to Rent In Barglar-Proof Vaults
Act*
as
E. B. Morris, President.
W. N. Ely, 1st Vice-President.
A. A. JACKSON. 2d Vice- President.
C, J. Rhoads, 3d Vice-Pres. and Treasurer.
Edward S. Page, Secretary.
MANAGERS*
C. Hartman Kuhn
Hlffllngnara B. Morris,
John A. Brown Jr.,
Benjamin W. Richards,
John B. Garrett,
William H. Jenks,
William H. Gaw,
Francis I. Gowen,
Geo. H. McFaddeu,
Henry Tatnail,
Isaac H- Clothier.
Thos. DeWitt Cuyler.
James Speyer,
Augustus L>. Juilliard.
Edward J. Berwlnd,
Randal Morgan,
Kdw. T. Stotesbury,
Charles E. Ing.rsoll,
John Story Jenk* Jr.
Henrv B. Coze Jr.
E. C. Felton
N. E. Cor.bBroad and Chestnut Streets,
PHIL.AJDEL.PniA.
INVESTORS READ
The Wall Street Journal.
That’s why It pays advertisers*
DOW, JONES Sc CO.,
Publishers,
U BROAD 0T.. HBW TOBK
ifwri«bKilirterTUiT1l>*r '■
11
1f (WW'i'ff
11 111'
Feb.
XIX
THE CHRONICLE
23 1907.]
Srnst ©embattles.
*
Bowling Green Trust Co.
26
i
incorporated 1853.
BROADWAY* NEW5YORK.
Capital, $1,000,000
of low M,
Surplus, $8,000,000
OFFICERS:
EDWIN GOULD,
.
45 and 47 Wall Street.
President
.
.
1st Vice-President
2d Vice-President
WILLIAM H, TAYLOB,
CAPITAL
ARMSTRONG,
HILTON, 3d Vice-Pres. and Treas.
WILLIAM M. LAWS,
.
.
Secretary
fHAS. P.
JOHN A.
SURPLUS
DIRECTORS:
Wm- Nelson
Cromwell,
Grenville M. Dodge,
Goepel,
A.
Bdwin Gould,
frank J. Gould,
George
AND
UNDIVIDED
$2,000 000
$12,801,046
•
PROFITS,
WILLIAM M. KINGSLEY, Second Vice-Pres.
D. WILLIS JAMES, Vice-President
HENRY E. AHERN, Secretary
WILFRED J.
CHA8. A. EDWARDS, 2d Asst. Secretary
EDWARD W. SHELDON, President
John A. Hilton,
Myron T. Herrick,
Edward T. Jeffery,
Winslow S. Pierce,
Norton F. Plant,
Dick S. Ramsay,
Frederick B. Sohenok,
Androw Squire,
William H. Taylor,
Edward R. Thomas,
Claries P. Armstrong,
f^nk Brainard,
Harry Bronner,
franklin Q. Brown,
Robert C. dowry,
Edmond C. Converse,
.
WORCESTER, Asst. Secretary
JOHN A. STEWART, Chairman of the Board of Trustees.
John P. Tmesdell,
E. F. O. Young.
J. Gould,
Hospital Colonial Trust Company
solicits the accounts of corporations, firms and individuals, and
Company,
invites correspondence or personal interviews.
Rhode Island
Trust
PROVIDENCE
CAPITAL
R. I.
81,000,000
Interest allowed
81,500,000
SURPLUS EARNINGS
304,000
UNDIVIDED PROFITS
at
DIRECTORS:
Royal C. Taft,
Robert 11. L Goddard,
Neison W. Aldrich,
Samuel R. Dorrance,
Howard O. Sturges,
Geo. W. R. Alattesoa,
William D. Ely,
Robert I. Gammell,
William Binney,
William B. Weedeu,
St. Paul
Stephen O. Metcalf,
Robert Knight,
John W. Danielson,
Herbert J. Wells,
J#hn C. Pegram,
Building, 222 Broadway, New York.
RICHARD DELAFIELD, \
CORD MEYER,
f
JAMES W. TAPPIN.
f
PHILIP 8. BABCOCK.
J
EDMUND L. JUDSON, Secy. & Treasurer.
J08KPH N. BABCOCK. Trust, otnoer.
ROBERT L. 8MITH, Asst. Secretary
.
Vice-Presidents.
0**RBo<>4.
'b
gtiflttieevs.
The American Mfg. Co.
*
TRUST CO.
&
MANILA 8ISAL AND JUTE
Ns. tttt BROADWAY,
34TH 8T. Sc FIFTH AYE.
CORDAGE.
No. 100 WEST 1A5TH STREET.
H. M.
THIRD AVENUE Sc 148TH STREET.
Byllesby & Co«,v
65
CONSTRUCT AND
OPERATE
LIGHT, POWER,
GAS PLANTS.
American
York.
Whiting Papers
HARLEM BRANCH:
LEWIS, Manager.
W. F.
Reports-
Trust Building.,
New
TRUST DEPARTMENT:
WILLIAM B. RANDALL, Trust Officer,
HYDRAULIC AND
Examinations and
8treet,
.
ENGINEERS,
RAILWAY
Wall
CHARLES T. BARNCY, President.
FBBD’K L. HLDR1DGE, 1st Vice-President.
JOSEPH T. BROWN,2d Vice-President.
B. L. ALLEN. 8d Vtoe-President.
WILLIAM TURNBULL, 4th V.-Pre
JTRHD’K GORE KING, Sec. and Treas.
J. McLEAN WALTON, Asst. Secretary.
HARRIS A. DUNN, Asst. Treasurer
INCORPORATED
DESIGN,
$3,100,000
-
JOHN E. BORNE, President,
Robert W. Taft.
Lyman B. Go A,
HERBERT J. WELLS, President.
EDWARD s. CLARK, Vice-President.
HORATIO A. HUNT, Vice-President.
WILLIAM A. GAM WELL. Secretary
PRESTON II. GA RDNER, Trust. Officer.
CYRUS K. LAPHAM, Asst. Sec’y.
JOHN E. WILLIAMS, Asst. Sec’y.
HENRY L. SLAI)KR. Asst. Sec’y.
WALTER G. BROWN, Asst.Sec’y.
subject to check
Deposit (time and demand) issued.
Capital, Surplus and Undivided Profits,
Walter R. Callender,
Gilbert A. Phillips,
Edward Holbrook,
James E. Sullivan,
Benjumin M. Jackson.
John R. Freeman,
Charles S. Mellen.
Edward D. Pearce,
are
sight
Certificates of
Rowland G. Hazard,
daily balances, which
on
BRONX BRANCH:
JOHN BAM BEY
CHICAGO
Manager.
For Fine
FINANCIAL REVIEW
The Audit company
of New York,
ANNUAL.
A
Year
Book
ot
standard, made in Ledger, Bond,
Linen wad Fine Writing in variety.
Statistic*.
Bound lu Cloth, 92.
ORGANIZED 1897.
NEvTyOBK:
Commercial
PHILADELPHIA.
CHICAGO
NEW ENGLAND OFFICE:
EaaOn fildg., 15 State St.. BOHTON.
AUGUST BELMONT,
Acting President.
WILLIAM A. NASH,
JOHN J. MITCH ELI
GEORGE W. YOUNG,
Vice-Presidents.
EDWARD T. PERINE, Gen’l Mgr. and Treas.
F. C. RICHARDSON, Assistant Treasurer.
PAPER CO.v
WHITING
St Financial Chronicle,
New York.
76K Pine St., New York.
48 Cedar Street
Correspondence
and for General Business Uses are
Philadelphia.
Chicago.
Mill*: Holyoke, Mas*.
BARROW, WADE, GUTHRIE & CO
CERTIFIED PUBLIC ACCOUNTANTS.
(New York and Illinois.)
This Company Audits and Investigates Account*
makes Physical Examinations of Properties.
Its Certificates and Reports are Prepared in behalf
of Merohants, Bankers, Corporations. Committees
and others, in strict confidence. The Company also
Devises and Installs Money-Saving 8ystems of
Keeping Aer>r>nnt«
and
NEW
Broad
26 Broad 8treet.
I
William I'. Marks, Ph. B.0.E
Consulting Engineer and Statistician.
CHICAGO,
SAN FRANCISCO,
NEW ORLEANS,
Royal Insurance Building.
617 Market Street.
Hibernia Bank
LONDON, ENGLAND,
GAS WORKS, ELECTRIC LIGHT WORK8,
ELECTRIC RAILWAYS, OIL MOTOR CABS.
839 Pavk RswAIHs..
-
YORK,
Exchange Building,
18 8t 8within’s
Lane, E. C., Cable, "Adorjest."
New Yo»k CU*.
tTiHKh-'- ■">- .v|-#n.iWlf
1
•••
••VfrpUM-
r rrfir-- ■■■'• ■
'
<•
■■
Bldg.
XX
THE CHRONICLE.
i&ottou.
[VOL. LXXX1V.
financial.
Iptraticiai.
WOODWARD
&
STILLMAN,
COTTON
16 to
STREET.
NEW YORK.
220 LA SALLE ST.
37 PINE ST.
CHICAGO
NEW YORK
226 La Salle St,
At
MERCHANTS,
to
22
William
Street, New York.
Fxeerute Orders for Future
Delivery
COTTON
the New York, Liverpool and New Orleans
Cotton Exchanges. Also orderB for
COFFEE
At the New York Coffee
Exchange
GRAIN AND PROVISIONS
at the cnieago Board of Trade and
GRAIN AND COTTON-SEED OIL
At tne isew York Produce Exchange
HANOVER
BROKERS,
71
CHICAGO.
CHICAGO CITY MORTGAGES.
HIGH-GRADE INDUSTRIAL BONDS.
CHICAGO REAL ESTATE BONDS.
CORPORATION l RAILROAD BONDS.
SEND FOR
Hubbard Bros. & Co.,
COFFEE EXCHANGE
COMPANY,
BANKERS AND
1856.
in
Henry
Hentz & Co.,
COMMISSION
16
&
RAILROAD BONDS
EGYPTIAN AND AMERICAN COTTON OF ALL
GRADES SUITABLE TO WANTS OF SPINNERS.
Ebtabljshkd
FARWELL
BANKERS
MERCHANTS
22 WILLIAM
GRANGER
Fversz & Company
( New York Stock Exchange.
J NEVvr YoRK Coffee Exchange
-j cHIC4QO yxocK Exchange.
(
Chicago Board
DEALERS
of
Trade.
IN
CIRCULARS.
PEABODY, HOUGHTELING & CO.
230 First National Bank
BUILDING,
Members
Broadway
NEW YORK,
INVESTMENT
SECURITIES.
Bld^.v *
CHICAGO.
SQUARE,
! Established 1866..
NEW YORK.
COTTON
MERCHANTS.
Liberal Advances Wade
Edwin L. Lobdell &
Cotton
on
BANKERS AND
ConsignmentM.
Co.,
BROKERS,
Rotunda,
Hopkins, Dwight & Co.,
80
Rookery Rldg., Chicago.
Broadway, New York.
( New York Stock
COTTON,
Members
Exchange,
Chicago Stock Exchange,
(Chicago Board of Trade.
<
and
F. H. PRINCE &
CO.,
BANKERS.
BOSTON, MASS.
COTTON-SEED OIL.
COMMISSION MERCHANTS.
Room 5'i, Cotton
NEW
Exchange Building,
YORK.
Lehman, Stern & Co.; Limited, New Orleans, La.
Bishop, Laimbeer & Co.
High- Grade
Mills
Members of New York and Boston Stock
Building.
LEHMAN BROS.,
Nor. 16-22 William Street, New York.
Members of the Stock, Colton, Coffee
and L roduce Exchanges, New York.
-
(5 Broad St.
INMAN
Cotton
&
CO.,
Merchants,
AUGUSTA, GA..
cotton
merchants
17 South William Street,
NEW
YORK.
Cotton
Exchange Building, NEW YORK.
141 Milk Street, BOSTON, MASS.
Bremen
Correspondents,
Lord’s Court
COTTON COMMISSION
NEW
Co.,
MERCHANTS,
ORLEANS, LA.
MEMPHIS, TENN.
Orders for Contracts Exe¬
cuted in the New Orleans, New York,
Liverpool and Havre Markets.
WILLIAM RAY & CO.,
SUCCESSORS
TO
COPELAND
COTTON
&
CO.,
BROKERS,
43 Cotton Exchnnge,
Orders for future
New York.
delivery contracts
R. H. ROUNTREE & CO.,
Commission Merchants.
Cotton, Grain, Provisions and Coffee,
cotton exchange building,
NEW YORK.
ROBERT MOORE <&
CO.,
HAYNE,
Frank B. Hayne (In Commendam)
Cotten Brokers,
COTTON
EXCHANGE
NEW
BUILDING,
ORLEANS, LA.
ORDERS FOR 1 LTURE DELIVERY EXECUTED
IN NEW ORLEANS, NEW YORK AND
LIVERPOOL MARKETS.
CO.,
Cotton
Merchants.
(NEW YORK COTTON EXCHANGE
(NEW ORLEANS COTTON
] NEW
EXCHANGE
YORK COFFEE EXCHANGE
IL1VERPOOL COTTON ASSOCIATION
Future Delivery Orders Executed on above
Exchanges
Liberal Advances Made on Cot*on Consignments
LEHMAN
BROS., New York.
Lehman, Stern & Co.,L_tdCOTTON FACTORS and
COMMISSON MERCHANTS,
New Orleans.
Orders for future delivery executed in New Orleans
Chapman, Seller & Allen,
COTTON BROKERS.
Cotton Exchange Bldg., New York.
Members of N. Y and New Orleau Cotton
Exchanges
and Liverpool Cotton Assoc la tin*.
GWATHMEY <& CO.,
COTTON
49 Cotton
MERCHANTS,
Exchange,
Wm. P.Quenteli.
R R. Coats.
-
-
New York.
Theodore H. Price,
tirecuU Farmer,
Quentell, Coats & Co.,
COTTON BROKERS,
S2 Beaver Street,
New York,
Members N.Y. Cotton Exchange.
Associate Members Liverpool Cotton Association.
Established 1863.1
W. T. HATCH & SONS,
BANKERS AND
95 Broad wav,
-
BROKERS,
New York.
MEMBERS OF
NEW YORK STOCK EXCHANGE.
CLEMENT &
SMITH,
Successors to HAVEN & CLEMENT,
1 Nassau Street, corner Wall Street
Members of the New York Stock Exchange.
Bonds, Stocks, Cotton, Grain.
DICK
BROTHERS
&
CO.,
BANKERS AND BROKERS,
30 Broad St.,
New York.
Members of N. *. and Pblladelpnia
.stock Exchange!,
New York, New Orleans ana Liverpool Cotton
Exchanges, New York Coffee Exchange r
and Chicago Board ot Trade
New York and Liverpool.
Liberal advances made on Cotton consignments.
.
36 Beaver Street, New York.
ORDERS FOR FUTURE DELIVERY EXECU¬
TED IN NEW YORK AND LIVERPOOL
EX¬
CHANGES.
COTTON PURCHASED FOR SPINNERS’ USE.
&
Building,
NEW YORK
Tel. No. 1618 Broad.
executed on
the New York and Liverpool Cotton
Exchanges.
SMITH
INMAN A CO
27 William Street.
Members
DALLAS, TEX.
Bayers of Spot Cotton.
GEO.
l
AND
W. R. CRAIG &
Mason Smith &
Exehangii
©ultmi.
Orders executed on the above Exchanges, as well In
New Orleans, Chicago and foreign markets.
Siegfr. Gruner & Co.,
Investments.
Memberti New York Stock Exchange.
GPotiotL
M. Weld & Co.,
Stephen
COTTON
MERCHANTS,
82-92 Beaver
Street,
-
New York City.
Boston Correspondents, 8. M. Weld & Co.,
State St., Boston, Mass.
8f
Liverpool Correspondents, Weld & Co.
Bremen Correspondents, Albrecht, Weld A Co.
Geo. H. McFadden & Bro.,
COTTON
MERCHANTS,
PHILADELPHIA.
NEW YORK.
Liverpool Correspondents:
F11 ED ERIC ZEREGA & CO.
Bremen Correspondents:
MCFADDKN BROTHERS A CO.
Havre Correspondents:
Sod Km D’Lmportation xt de Commission
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