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1 . . lEnterod according to Act of Congress, in the year 1905, by Wn^LiAM B. 1 . Daxa Compant, in the offlce of Librarian of Congress, Washington, D. C, SATUEDAY, FEBRUARY 4, 1905. NO. CLEARINGS—FOR JANUARY 1905 AND 1904- CLEARINGS— WEEK ENDING JAN. VOL. ALSO FJR JANUARY 1903 AND ALSO SAME WEEK IN 1902. 1905. iKe-wYork 7.73-1,724,555 5.55.567..599 iPhiladelphia .Pittsburgh. Battiinore 194,tie5,9o6 107,599,7ri2 30,117.729 20.315,012 16,662,411 16,329,114 9,000,000 6,740.796 4,975,931 4,340.8&1 4,318.033 8,144.785 2,073,700 2,175,392 2,056,623 1,741,118 1,050,533 799,304 Birfialo "Washington Albany .Kochester Scranton Syracuse Wilmington .Wilkes Barre 'Beading WheeliDK IBtogliamton. lErie SChester,. iGreensbuiB- franklin IJVederick r Total Middle... IBoston 'ProTidenc« Hartford.... Sprlnji^field. Woroester Ctncinnatl........ ,MUwankee Indianapolis sColnmbus. Peoria Toledo Grand Rapids.... Dayton. Evans vUle Akron. 111.... Tounsstown. JBlalamazoo Xezington Canton Kockford^ Springtleld, Ohio. IBloomington jOuincy Decatur MansUeld Jacksonville, lU.. Jackson, Mich.... Ann Arbor Total M- Wert.. San Francisco. .. ' . Xios Angelea Seattle Salt Lake Ctty.... Portland Spokane........^. Tacoma.. Helena. Fargo Sioux Falls Total Pacific Kansas City Minneapolis St. St. Denver Des Moines Topeka Davenport. Wichita Colorado Springs. Cedar Kapicls..... Fremont To. other West. St Louis Louisville Houston Galveston Richmond Memphis jAtlanta 'Nashville.... 'Norfolk Augusta Fort Worth Btnnlngham ; . iLittleKock Knoxvilie. [Charleston IMaoon. |<3hattanooTO JBeaumont Jacksonville, ITa. 'Total South.... fTotalaD Outside N. Y.. 8,509,893 1,708,200 2,066,089 2,035,047 — 10,439,184 7.081,29 6,013,415 743,597,410 814.137,882 108,433,400 36,399,219 29,536,454 24,620,600 13,020,330 15,526,579 8,989,480 7.770,464 6,909,195 2,027,400 3,200.000 2,497,439 3.866,726 2,941,612 2,144,795 1.887,684 1.655,267 1,638,155 1,484,143 1.338,399 1.053.737 992,185 967,830 484,982 ,212.517,912 133,208,836 81.509,280 19,496,7o6 16,818,316 16,120,540 11,177.572 11,829.668 2,946,183 2,565,865 1,003.380 729.587.789 99,719,750 60,068,031 41.796,838 35,465,403 27.739,399 17,294,100 11,803,227 13,273,691 9,132,234 7,793,809 6,509,528 2,054,400 2,824,130 2,474,139 3,307,282 2,773,.'ill 1,66:3,503 +11-6 +8-7 +15-2 +19-1 +2-6 +0"6 +42-4 +10-3 +170 — 1-6 —0-2 +61 —1-3 +13-3 +0-9 + 10-9 763,810,323 759,923,002 108,972,000 71,140,546 45,658.836 35.987,213 28,224,090 19,10 U400 12,980,604 14.860,706 9.655,717 7,565,849 5,869,098 3,462,500 3,194,612 2,777,685 2,889,364 +6-1 2,786,107 1,917.775 1,838,618 1,971.183 1.634,632 1,327.617 1,241,333 —0-5 901,787 872,809 963,.329 -2-3 1.051. ,926 224.640,886 -)-13-4 95,065,180 —1-2 63,322,313 +9-9 81,901,026 +12-4 23,916,117 +6-6 29 21,349,038 18,334.724 +59- 219,932,691 +10-9 +22-0 -19-3 -24-2 -8-3 +63-4 +2tJ5 —5-9 +7-8 +5-2 -16-5 -15-5 9.405.994 6,530,947 6,501,197 4,474.004 4.001.361 2,152.593 1,027,181 83,670,266 61,506,135 32,925,000 27,74i),84y — 2,037,1.35 40,003 83o,831 1,.S 115,.358,9lt0 45.838,879 37,020.202 -20-9 22,433,000 +0-8 23.0-20314 +3-9 17,571,063 —9-9 29,205,.) .30 16,102,550 13,028,09-2 7,860,919 7,972,321 8.790,541 5,702,233 5,220.408 5.478,987 5,982,488 4.2S7,000 1,395.669 1,720,176 —13-3 — 7'5 +61 22 396,499 18,822,86'" • 5.-43,841 4,338,990 103,570.793 18,i»2.368 12.477.561 15.212.649 10,865,880 6,095.614 6.614,830 2,875,784 1.943.834 1,144,757 180.384.105 90,256,867 60,512,430 31,35'2,420 23,700.580 22,387,699 21,699,532 8,997,737 6,857,253 6,221,101 5,560,248 3.334,2.35 4,139.150 232.937.718 73,9as.]26 43.9.30.070 24,217.820 17,97S,5<J0 20,773,439 10.388,811 16,:;72.322 12.!*20,.800 8,703,0.'>8 Worcester Portland Fall River Lowell New Bedford Holyoke New England. Cleveland Indiaoapolis Columbus feoria Toledo Grand Rapids Dayton Bvansville Akron Spriugtleld. Ill 143,287,168 137,772,751 175,254,173 22.870,150 13,204.537 10,946,306 7,405,331 6,031,961 5.477,600 3,102,563 3.687.898 2,038,525 1.768.712 1.231,346 393.400 155,487 435 20,885,750 12.030.002 8,384.576 7.304,888 5.889,253 8,795,700 695 858 485,088 576,605 666.320 626,252 618,780 446.397 405,122 267.828 887,700 199.918 173,274 174,335 178.738 87.016 ICalamazoo 740,930 697.110 490.983 488.905 838,679 291,568 360,867 258.811 245.445 187.116 175.060 82,082 fjexipgton Canton Rockford O , Bloomington Quincy Decatur. Mansfield Jacksonville , , Jackson , Ann Arbor Total Mid. Western 258,512.541 2,254,.307 2.407,416 2.085.903 1,634.205 1,138.979 498,400 229,145,33' 107,832,443 44.801.119 20.801,401 5.624,527 8,656,544 3,189,580 2,702,778 96.706,380 89,898.781 19.907.571 5,039,798 3.021.627 2,923,940 2,322,327 1,223,54« 1,048,279 1,009.270 S12,870 553,441 877.500 883.427 841,706 1.509,.385 1,097,427 1.031.245 913.718 697,704 857.800 -!-i-o 11-3 --46-6 14-8 10-9 2,513.835 1.948,808 1.200.407 1,053,202 1.456,325 566,021 841,085 887,153 438.804 55-2,175 +13-9 +17-2 +43-1 +5-3 +28-6 fl-4 S79,3H'j 121,049,025 6.972.500 2,235,780 1,501,889 1,453,144 970,681 1.212 008 1,064,083 361,873 566,856 884.306 Youngstown +S3-7 +6-8 +16- +6-0 700,745 899,416 224.208 San Francisco Los Angeles.... Seattle Salt Lake aty.. Portland. Spokane racoma... ...... Helena Fargo Sioux Falls Total Pacific. Kansas City Minneapolis Omaha St. St. PauL Joseph. , , , Denver Des Moines. Sioui City Topeka DavenpOT^ , Wichita. Colorado Springs.. Cedar Rapids Fremont Totel other West'rn St. Louis New Orleans Louisville.... Houston Galveston Richmond. Savannah. 26,430,154 8,114,143 4,383.754 8,257,460 8,069,375 2,271.186 2,570,993 573,487 491.688 218,940 29,849.199 5.997,521 8.068.685 64.381,180 494.61,340 22.888,288 14.710.928 7.262,319 6.701,960 4,248,448 5,521,046 2,038,171 1,671,790 903.984 670,000 1.179,949 1,126,883 406,611 146.538 20,741,745 13.194,296 6.781,766 6,845,071 4.736,110 4.115,503 1,669.486 1,243 042 865,504 640,275 1,147,1(S 02.042,910 61,343,512 53,875,507 19.649,696 10.544,268 6,846.819 4.511,500 4,724,820 3.279,474 4.896.131 53.frl6,lS0 29,969,04; 350.82; 831.750 120 +250 +4-9 1.491,410,264 1,551,181,081 3 121,125.544 6,504.300 2,344,086 1,368,828 1,607,885 +8 6 1438,134 +20-1 1.217,278 —90 +124 +29-8 -13 976.779 440,048 445.078 817.581 137,032,144 7,649,800 2,557,070 1,408.477 1.340,303 1,380,998 l,b75,069 909,557 480,257 547,443 845,145 137,815.541 155,172.232 157,685,302 21,570,200 147,482.987 18 001.700 12,485,212 14,905,808 —46 8 —57 —316 +14+4-0 +11-4 +71 +9-8 +30-6 15.543,-231 9.327,937 7,147,080 5,192,916 V^l +44-3 +37-6 7,-242,771 4,698,541 3,350,000 2.982.291 4.-240,400 2,687,657 8.410,717 1.699,205 1,574.412 1,035,199 670,000 680,298 +582 —2-5 +8-2 +8-2 -21-1 +43-3 -4-2 +11-1 671,-294 652 222 491,868 341,001 391,450 825,380 296,279 301,440 225,927 208.43 160.345 202,968 69,721 -t-8-1 —20-7 +9-4 -165 +90 —70 +29-5 +410 (" +75 1+0-8 —5-'" +12-8 286,825.682 +353 +03 29,379.483 4.823,87' +42-9 3,356..8.32 +139 2,619.360 +23 9 2,800..S24 l,458.7i 1.-222.703 1.2.32.417 Little Rock, 884,383 1,097,779 1,516.895 1,169,001 1,207,583 1,358.112 1,031,000 5n,281,'201 9.451, 273. :te'J -|-2i-a ll,0sS,9S2.0::i 10,fi5U.488,8;» 3,730,020,134 KnoxvlUe Charleston Macon Chattanoosa Jacksonville Columbus, Ga Total Southern Total all Outside New Vork. 8.077..'i8; 437.4-20 +7-5 --198 2,492.2;i8 1,522,496 1,804.419 844,75,S 610,100 488,937 688,568 422,688 474,638 327.155 3^0.706 315.207 301,563 227,777 219,432 169,408 130,119 150,000 55,727 222.085.911 62l,6 187.203 612 057 402 086 284.628 +10-0 47.670.930 88,458.859 +7-9 +11-5 18,751.608 13,770.78- 18,583.621 11,948 614 6.274,370 4,193.891 4,021.395 4.471.750 ].5eo,8«s 1.833,370 1,337,463 +70 7,17-2,230 +«-7 5.342,941 4.798,325 —103 +34-2 +22-1 +34-4 a,8.'30.832 1,964,736 1,319.953 1,841,998 785,519 n^, +2-8 671,910 893,12« +24-8 —7-4 +10-9 217.401 131.833 60 361.455 66,820,225 44,136,177 15,189,826 10.490.541 8,000.000 5,222,000 3,980.704 47,007,015 17.727.919 8,417,213 6.128.735 8,727,500 +04 -34 -148 .'>70. 4.673,27(1 4, -2-27.47^ -28-8 -9-8 +3-9 +4-4 —44-5 —8-9 —2-4 -24-3 4,016.885 2,800,116 2J2*3,346 3,092,510 8.127,690 2.874.546 l,7o;;.i3o l,600,-276 1,310278 1.852,398 1.655,782 1.361.012 1,517,14.'< l,0O4.'/89 —0-! _ 938,904 1.495,383 1,085.842 873,783 603,316 +13-8 —557 +56 708,250 826 449 + 18-8 081.689 in to d 194,6R8 Not Include la^ Table Cleartnrs bi Telcarrayb and Canadian Cleartoffs on pase 857.070 750 813 610,550 +20O3 760,000 602,829 800,820 8U,092 143.406.357 126,498,70:1 2,470.919.266 2 081.457.763 803,031,833 869.200.49; 23,977,894 2,874.868 3.673,779 2,830,644 1.930.686 1,142,540 1,209,882 1,879,479 483,452 --24-3 --21-5 --18-5 -34-4 9.188.180 +14-8 —27-3 9,420.633 5,487.000 -17-7 1.14-2,145 Fort 530.710,42'^ 873,944 158.310 2.373.407 6,706,573 5,109 079 4.858,200 8.255.120 —2-3 375 293 Worth Birmingham 1,973,914 l,725.7f}0 2,855.856 1,833.697 2,145,765 481.237 404,291 184,172 Augusta 2.39fi,53'J Norfolk 1.822.401 2,860,96' 4,891,354 3,848,500 6,876.008 8.410,225 2,501,405 1,890.630 2.058,202 2,606,106 Memphis Atlanta... Nashville no 1. 889.112 3,')02,861,558 Sprincfleld 4-18-0 -12-1 864,53> 6,34'7;400 $ +25-8 1,301,817,730 1.375.680,618 384,200 873,506 442,996 197.840 6.563, 6,970.80.1 2.39'.). 0S3 T 1902 ,095,859.231 285.076.231 5.9(;S,04o 28. 1903. Dec 618.0.^0 887 700 422.517 684.229 126.974,128 New Haven- Springfield. 22,130,737 5,157.361 3.514,917 8,074,096 2.401,393 1.615,218 982,54r 994,907 866,710 1.826.196,764 1,460.628,266 Boston Providence Hartford Detroit 286.176.293 214.786,864 77,405,552 50,709,430 80.697,985 22,118.500 19,255.996 19,542,420 20,639,478 41,900,4i4 7,288.630 7,747,150 7,347,275 Total Middle. Milwaukee 856,944 l].6;;5.6fl9 Brie Franklin, Pa... 62,0(X),367 ssssVooo + 9-4 Chester 68,582,904 32.712,783 23,153,980 16.843,000 12,280,260 12.006.180 7.557.757 6,502,508 4.568.943 2.896.300 2,695,600 2,575,310 2.394.683 2.656,752 1.660,862 1,534,844 1,645,782 1,591.780 l,169Ji53 1,381,419 891,783 790.877 807,136 441,676 2,2:^6,071 3,75!»,752 26H ... Oreensburg..... Cincinnati S.826',b00 022.120 813 Rochester. «... Scranton Syracuse Wilmington.... Wilkes Bure-. Total 34.802,0-^3 6,018 98' 4.101.770 S.603,555 8.521,921 1.700,000 1.203,612 1,009,287 875,558 655,071 Albany Wheeling Bingham ton .277.825,928 104,071,251 23.63.3,422 ...... Washington.... Chicago 60,452,650 2,897,009 607,889.940 122,753 445 46.531,019 Buffalo 734.0.j3,897 918.921 -1-7 -21 +15-2 +6-7 -18-9 +4-2 -6-6 -51-6 +3-2 —17-9 Baltimore 1904. Lnc. or 28, 1905. 1902. % .,607,718.769 Philadelphia... Pittsburgh 739,784,763 2,0U2.85V! 3.:!34,548 T-50-3 3.5'^.^.a^^ 4.11^,272,6'.i:j +19 445,802 1,087,230.580 +11-6 1,146,164, 030 127,163,873 +S-7 128.095, 690 28,184.793 +22-4 24,655, 419 16,944,293 + 15-1 15,858. 749 14,156,903 +18'8 14,380, 839 14,174,302 +13-7 14,490, 039 8,929,40.^ +25-2 7,742, 038 8,719,901 8.969, 399 —3-4 8,216.062 2,261, 574 2,124.110 +20-8 2.427, 618 3,770.,oi.-> 1,717,,09; 5.041.,683 ll,846,i)tf7,178 +4-9 —13-0 870.009 +10-5 454.895 +66 287,502,055 211,950,391 2,07-.'. 8,694,075 7,747,269 6,832,607 4,984,102 2,342.913 2,493,760 1,801,270 1,693,493 —3-5 1,363.336 +8-9 1,119,604 +19-6 839,399 +25-5 998,172 -06 810,088,467 5,583,,078 8,1.33.278 -10-3 +33-0 +11-7 —46-4 2,762,297 -2-2-4 1,813,052 +?:f 9,261,831 5,828,903 4,598,620 4.104,788 4,994,804 4,2;>3. 69] 6,' 07,,407 -1-32-5 671,672,912 +10-6 10,275,880 7.111.250 3,709.702 3,112,041 4,678,215 3,329,187 2,218,632 781,628 15.830.,783 2,5,308.,310 14,887,,7t>l 13,820..ST<i 7,725,,135 6,29S,,OC0 10.127,,5:-;o 6,149,,207 f2ri 676,148,123 36,512,600 14,039,966 -73 1905. Reading 047,558.870 35,394,400 13,942,330 7,959,007 7,689,127 7.761,617 7,452,801 5,044,805 2,775,659 2,430,209 1,875.842 22,y;io,,302 Savannah 8,298,686 3,043,100 +12-0 254,613,,3-22 96.447,,151 52,934,,102 29,067,,274 23,610,,000 NeiT Orleans 8,010,128 6,890,490 5.057.313 4,055,458 586,262,745 85,310,900 11.869,764 7,880,634 7,896,365 4,520.233 6,445,736 4.727,852 1,802,038 2,676,087 2,279.058 29,254,5:i7 gioux City 13,241,06' 656,574,818 32,747.400 93,877,700 69,617,831 85.917,280 25,501,330 20,720,728 Paul Joseph 509,841,896 198.519,388 107.27 U563 26,595,497 14,269,205 18,101,183 11,641,431 6,669,741 6,641,300 4.907,923 3,955,493 820,236 254,674,3e5e Omaha 25,991,648 18,124,534 15,630,080 12,774.707 8,423,095 5,697,845 6,015.570 4,035,553 4,025,412 2,785,342 +14-9 1,928,300 +78 1,916,534 +118 1,998,510 +2-9 0^ 1,754,182 1,009,881 -4-1-0 754,386 +6-0 545,030,142 194.540,692 105,556,154 27.525.275 19,001,687 17,430,546 7,847,103,306 69,2;;;i,S8i 49.7<i8,5tt« Cleveland. |Detroit +0-4 +15-9 i-121 +6-6 +27-8 +6-9 +18-3 -0-8 6,929,168,711 765,005 2,532,124 1,891,136 2,328,383 2,322.256 Holyokeu.... Total N. Bus.... Chicago....— »...- 403.915,717 +12-5 159,707,214 +2111 — New York 7,186,120,463 8,142,188,262 Fall Klrer — % + 359 at, 1902. + S2-9 7, 199157 Ijo-well $ .5,691,526,119 101,1-.:!1,.501 1903. Dec CUaritujs 6,668,111.136 Portlaod. New Bedford..... i 11. or 8,718,S99,057 14,37>i,251 New Haven ...... 1904. AND 1904, 1903 Week ending January January. Clearings at Springfield, 2067. 80. 71l',iio<'i 437.000 863,273 fal. -11-8 110.479.519 lOd.338.607 + 19-0 2.0^0.510,091 .129.672.915 +8-2 787.751,661 753,942,317 THE CHRONICLE. 160 j THE FINANCIAL SITUATION. Eemember a railroad V.;L, LXXX. also that the average rate per ton per mile of is always very small and that the diflference be- | tween a rate that nets a profit and a rate that nets a loss year the people who are at the head of it should at least is but a trifle moreover that the larger the business the be frank enough to entitle the law "An Act to lower greater the loss and the quicker the ruin if the ComThat idea has missions' net turned out to be on the wrong side. Mr. raiiroad rates in the United States." II there is to be any legislation on the rate issue this , ; , , been the burden of the claim expressed by the Commerce Spencer of the Southern Railroad and Mr. Miller of Commission for years it has been the substance of all the St. Paul have each of them been reported to have the addresses of Mr. Bacon and his crowd who have been said this week that he could not afford to run his road ; foremost in advancing the crusade; indeed^ mistaken, it has always if we paying present wages and the ruling prices for material entering into the expense account, if he had to lower are not been the chief plank in Mr. Bryan's plattorm, whose socialism the party in power rates of ; seems strangely enough matter what they have to pay finally^ and feeling of shippers, little the natural it is one with; fast getting at much more in their pockets, made would course lay terest the railroad every risk managements represent and giving effect to that policy bill Iv ignores and puts at is to That its affairs fully all this week the usual quar- United States Steel Corporation was That organization evidently has nothing public. to hide. and therefore a good thing. Of afternoon of this terly report of the carriage of their for the stuff to market, that lowering the cost of carriage be just so On Monday no big, freight, in- and for that, conserve. is a reasonable assumption, for it dares to every three months open to inspection so clearly that nothing needs nothing could be added by be added, to way or, as of facts or ex- planation that would throw further light on the earnings be adopted with and prospects of the property. It makes no difference whether the results are bad or good there they are set thing at issue and they are distributed all through the out so completely that they not only tell the past and land. Those who have a few are even more zealous for present status, but so far as the management can itself But know, it tells the future. On the present occasion the their preservation than those who have many. All savings there are other and very heavy holders. officers must have had a highly pleasurable duty to perbanks and financial institutions carry a large part of form. The item of actual net earnings is again Such a law would cripple or their assets in that form. better than the largest of the forecasts, being $21,458,throw into insolvency a numerous body of these. The 734, after deducting the ordinary expenses, etc, which question Senator Elkins is reported to have asked Mr. compares with $15,037,181 in the same quarter of 1903 Hooker, Chairman of the Receivers' and Shippers' Assoand $31,985,757 in 1902. ciation of Cincinnati, is the question which is being These figures are of special interest at this time asked by security holders everywhere. '^If you had your because they cover the extreme changes in the movefortune invested in a railroad, would you feel entirely ments in values and revenue of the Steel Corporation in secure if somebody else made or supervised the rates ?" surmounting the first crisis it has had to undergo in its The same Senator, in the same interview, also asked: such trials or a If you owned a majority of the stock in the short career. As is well known, it is just of the organization tests that show the inherent strength Big Four Railroad, or if your whole fortune was and serve to make reputation. First came great prosthe road owed a great deal on there, and perity, a very poor preparation for adversity; next a sud bonds, which would have to be paid anyway, how den and severe industrial prostration unusually trying would you feel about turning the rate-making power over and finally the coui'se by which complete recovery was to persons who had no interest in the road? Would you The closer one studies these data the more reached. hold your investment, or would you sell it? I know a man a whoop or a hurrah. — Railroad securities are the leading } I ' i ! ! j i I I : who owns who owns two-thirds of a railroad; another inclined one will be to accord credit to the Steel Corpora- a tion tor its endurance and recuperative force; in a word, you were in Compare it has weathered the storm most successfully. These are tht'ir places, would not you sell your stock?" each step in the cycle with the like step through the same questions that our legislators have got to consider scrupucrisis of an established railroad property; take for illusThey are not matters lously and answer conscientiously. tration the New York Central and note by the changes That treatment of an issue for a caucus to pass upon. ^. ., ,, ,^, ,, x xi. nin quotations (1) the severity of the trial, the yielding ., which threatens to disturb all values, tnat striKes at tne ./^x, ,. of each security to it, (2) the power to bend and not XI -rx .very basis of individual savings, and discourages thrift, ^ ^,,.,;.„', xi break, and finallv (3) the recuperative force, both as to , , ,, X x • \ keeping and hence industry and economy, is not at all time and extent. several half; men who own a quarter. If • , , , ,.,.,..,, ! , , ' . • ,itix i > i , ' . , m . -, , • 1 i. • i / ' ' ! with iti; seriousness. It is in ,, , xi not be no degree an answer X X r^ i;i appointments on XI the new Commission would • that the ; • men who were 1904 1903. Low. High. Low. low. High. 168^8 Jan 147 Nov 156 Jan 112=gJ'Iy 145^ Dec 1127« Mar -1902. to the foregoing to assert hostile to railroads. Even if i ' n. y. central «tock . . ^sstcorp. pref. stock, that . . mgh. g?'* Jan 79 Dec 893* Jan 49^4 Nov 96»8Deo 5lkM»T The foregoing indicates the descent from beginning to were also ensured that their successors would be colorless men in their views of this end of that phase of the crisis, starting near the close of great industry, even if all that were beyond question, 1902 and continuing with fluctuations all along until Comparatively the Itue law would wholly take away from railroad officers the end of the first half of 1904. and directors the power to conduct the business they downward dip was no more severe in the one case than in and those they represent had their savings in and the other. The reaction also and recovery have evijWere ensured, and even if it | \ ' ; ' body of men, deuced in the industrial fully as rapid progress, equal the railroad, which would inherent vitality, and no less steadiness in the upward holding no iutei"est in Of course it can bo said that the iron have the jjowcr to reduce rates whenever they thought movement. a situation which would keep the owner, trade was the source of the weakness and strength in ibc;st to do so \o[ necessity in a constant state of anxiety and unrest. the Steel Company. That is no more correct than that would transfer this authority to a I ' — ; I Feb. THE CHRONICLE. 4, 1905.] l^ew York Central and other railroad stocks lowed the fluctuations in general trade. the 5GI Moreover, home-grown wheat is deficient the present yea' not merely in quantity but also in quality. By an admixture of a proper proportion of Canadian wheat the, Surprise has been expressed at the large export on grade of the flour is greatly improved and thus both the Thursday of this week of $9,134,424 gold to Paris, fol- domestic and the foreign-grown wheat can be used.! lowing a shipment last week of $6,572,053 to the same It is difiicult to see how any interest can be harmed destination. Continued very easy money in Xew York by such an arrangement not even home-growers is the basic explanation for this outflow; and the rapid of wheat; for the drawback can only be obtained manufacture of bank notes is the cause for the uninter- on flour used in the export trade. At no time and undei rupted easy money in face of the large gold exports. Two no conditions can it be obtained on imported wheat used conditions are operative which make a demand for gold in the manufacture of flour for consumption at home* in Europe urgent. One is the continued requirements The country's export trade in flour is seriously menaced of French bankers for the reinforcement of their reserves In December 1904 shipmentsof flour from the United as a measure of precaution against any heavy decline in States were only 783,106 bbls., against 2,208,504 bbls. Eussian bonds, and as a preparatory measure for the in the same month fol- — of the previous year; emission of $150,000,000 of the new Eussian though good authority, been de- it has, as is reported on loan which ferred until April, will then, if the conditions are favorbe issued. There is also claimed to be a de- decision, able, mand as for stated exchange in the for remittance due to and the experi- ence in that month in that regard was but a repetition of that of previous months. Through the drawback position the fact that American milling where the struggle interests will be placed in a be less uneven than will i1 has been, though of course, until the country is once (page 185), more blessed with an abundant harvest of wheat, it is nol railroad notes and likely that flour exports will again attain their old pro- Chronicle January 21 considerable amounts of short-term bonds which have been held abroad are maturing and portions. are being remitted for. Bills resulting from exports of commodities have all along been insufficient to cover the It is a remarkably favorable statement of earnings increased demand for gold as well as the ordinary re- which the Pennsylvania Eailroad is able to submit for mittances. The easier rate for money here than abroad the month of December. In the case of the lines east oi has been the reason why the European demand for gold Pittsburgh and Erie there is an increase of $869,500 in has fallen on us. gross earaings and of $383,600 in net earnings, while on Attorney-General Moody has answered in the affirma- the lines west of Pittsburg and Erie the addition reaches propounded to him by the Secretary of $761,200 in gross and $656,200 in net. In other words, the Treasury, Mr. Shaw, as to whether the Treasury for the combined system there is $1,630,700 improveDepartment is empowered under the Dingley Tariff" law ment in gross and $1,039,800 improvement in net. Such tive the question to allow a drawback of 99 per cent of the duty paid on imported wheat used in conjunction with domestic wheat results aff"ord testimony to manufacture of flour when the flour is exported. This is a ruling which cannot fail to be beneficial to mill- activity in the ing interests in the United States. There has at no time been any question as to the right of the Treasury Department to grant the drawback where the flour was man- the revival in trade which occurred toward the close of 1904, and particularly the is and buoyancy in the iron and steel industry. It proper to say that this improvement follows a loss in December of the previous year; however, then was much smaller than the present only (for the combined system) the falling ofl gain, reaching $624,800 in gross and $349,400 in net. ufactured exclusively from imported wheat, this being a December is the closing month of the company's fiscal privilege which the millers have had all along. year and under the change for the better which occured It was their contention, however, that they were entitled in the monthly results the latter part of 1904, the showing to the same allowance where the domestic and the imfor the twelve months is a great deal more satisfactory; ported wheat were commingled, provided they fur- nished the Treasury Department satisfactory evidence as to the amount and proportion of imported wheat used. This claim than any one would have thought probable six or seven months ago. On the Eastern lines there is a decrease for the year of $4,481,200 in gross but a decrease of only $1,511,100 in net. On the Western Attorney-General Moody upholds. opinion where it is proposed lines, with a decrease of $743,900 in gross, there is an to export a product manufactured in the United increase of $1,246,700 in net. States from a combination of domestic material For the whole system, and therefore, the result for foreign material which has paid duty, and the the twelve months is a loss in net Customs of only $264,400 officials can identify the foreign material remarkable a favorable outcome con-i and can ascersidering the adverse conditions which prevailed during tain to their satisfaction, by the evidence of books of account or otherwise, the quantity or measure of the the first half of the year. In the following we compare He says: «In my — foreign material actually present in the completed article, the exporter is entitled to receive a drawback of 99 per cent of the duty paid upon the imported material thus as- certained to be actuaUy present in the completed article." The duty on imported wheat is 25 cents a bushel and obviously American manufacturers could not pay such a tax as this and hope to turers of flour in the hand the it compete with foreign manufacmarkets of the worid. On the other price of domestic wheat equally out of the question for is so high as to render American milling interests to produce and export flour at a figure that would enable them to compete with foreign manufacturers. the earnings for to 1899 on the Likes East or Pittsburgh. December and lines 1004. the twelve months back East of Pittsburgh. 190a 1902. IBOL 1900. 189flL Beceinber. 9 $ $ Gross earniaps 10,097,675 9,228,175 9,529,375 8,306,075 7,816,904 Operat'g expenses 7.507,538 7,021,688 7,280,838 5,625,838 4.895,20 Net earnings.. 2,690,137 2,206,537 2,298,537 2,780.787 2,921.897 9 6,617,704' 4,630,i 2.0SU.I Jan. 1 to Dtc. 31. Gross earnlnKs 11814519« 122626394 112663294 101329795 85.578,912 2.022,7 IX Oporat'K expenses 81,802,948 84,773,042 r5,050,942 65,269.543 66,273,250 60.77fijio» Net earnlnpi-- 36,»42,252 37,853,352 37.612.362 36,070,852 29,308,662 22,144,46^ '"'^''"'^ ""^ Bnff&lo A APeRhery Valley DlTUIon fofi itni^lw^iQ^®"'^'",?''. 19J1. 1902, 190i ana 1904. la Deo.. IfOl, the earninifs of this were fttM "'^ prox mately, Krosf, f 5*4,471; net. $79,440. Kram Janaary 1 alrlslon to Deo. IP earnings ol this dlTtslon «n 1901 were ta,l 16,000 gross and »»,fl24,8</0 net. .11 THE CHRONICLE. 562 [Vol. lxxx. =s.' and Frankfort it is 2^'S)2J per cent AoThere was no change in any of the European banks this week, and compared cording to our special cable from London the Bank of. week and with last week open market or unofficial rates were easy England gained £1,108,427 bullion during the Our corre-i week. at Berlin and Frankfort they were § of 1 held £35,510,830 at the close of the at all centres due to It was announced on Wednesday that spondent further advises us that the gain was per cent lower. official rates of discount by and at Berlin : committee imports of £1,000,000 (wholly fi-om Egypt), to exports' America) and to receipts of representatives of industrial employees in establish- of £166,000 (wholly to South ments in St. Petersburg at which he promised to take of £274,000 net from the interior of Great Britain. the Eussian Emperor had given audience to a improve their condition and also to secure The foreign exchange market was strong this week, an investigation of their demands through legal chanand the demand for remittance was so urgent that all report in the London " Telegraph " of Februnels. measures to A not fully confirmed, stated that M. Witte, as President of the Committee of Ministers, had been charged by the Czar to extend and develop the ary 3, which, however, principles is of the reforms provided for in the available supplies of bankers' bills, including those which were drawn for the reimbursement of gold shipments to Europe, were exhausted, and rates for sight highest which were the Imperial drafts rose to within 40 points of the A special demand for remittance recorded last year. uka«e of December 25 1904. There was only a slight this week was claimed to be to pay for short-term railroad response in the Continental securities markets to the notes and bonds which had been held in Europe and had above noted political news and practically none in the matured or were about to mature also for settlements discount markets. securities held abroad which had been sold during the The statement of the :N"ew York Associated Banks for previous week while the foreign markets were unsettled .last week showed the surprising gain of $9,749,100 in ; ' ; ; (though cash reserves I it was probably in considerable as the result of the political and industrial disturbance in Febru- was also a demand some book-keeping arrangement in the pro- Eussia, and there ary interest on American investments held in Europe. cess of transfering of 10 per cent by the depository banks The relatively better demand for money abroad than in of the United States to the Treasury) of which $6,379,000 Kew York contributed to the strong tone for exchange, was contributed by one of the largest banks the cash chiefly because bankers refrained from drawing against gain for the week made a total in the fortnight of employed, thus tending to Loans were increased last week $16,831,- credits which were profitably $20,187,400, limit ofi'erings of bills which otherwise might have aided 700 and deposits $26,013,400, while the surplus reserve To some extent bankers in meeting urgent requirements. was augmented $3,245,750 to $26,979,550. The bank transferred their balances abroad for employment, thus statement of this week should reflect the average for The inquiry for increasing the demand for exchange. five days of $3,000,000 gold withdrawn on Friday of gold which resulted in the shipment to Paris on Thursday last week for shipment in great part to Paris; the average of almost an unprecedented amount by a single steamer for three days of the withdrawal of $9,131,424 gold on to the conditions of the l^ew York and the Wednesday for shipment to Paris on Thursday, also the was due Paris markets for exchange on London, the former conaverage for one day of $2,000,000 gold which was ditions being caused by the extraordinary demand withdrawn on Friday for shipment to Cuba to-day. above noted and the latter by realizations by French to remit for part due to ; . representing bankers' balances, though easy early in the week at If '2)2 per cent, became firm on Wednesday, influenced by the large withdrawals of gold Money on call, bankers on their investments in London, drawings against which reduced the Paris check rate to figures which made profitable the export of gold coin hence to the Tl-.ese capital as an arbitration operation. and then loans were made at 3 French berealizations by French bankers were made necessary per cent the range for the week was 3 per cent and If their cause of the desire of these bankers to reinforce per cent and the average was about 2^ per cent. Banks holdreserves for the protection of French investment and trust companies loaned at 2 per cent as the miniwhich was ings of Eussian securities, serious depreciation in mum. On Monday and on Tuesday loans were at 2 per threatened because of the unsettled political and induscent and at If per cent, with the bulk of the business at It was also stated that there in Eussia. On Wednesday transactions were at 3 per trial situation 2 per cent. was a need for reinforcement of reserves in order to procent and at 2 per cent, with the majority at 2^ per cent. loan, pare for the emission of that part of the new Eussian On Thursday and on Friday loans were at 2^ per amounting to $150,000,000, which had been apportioned cent and at If per cent, with the bulk of the syndicate which underwrote the issue. Time loans on good to France by the per cent 2 at business Though the emission of this loan, which was originally mixed Stock Exchange collateral are freely ofi"ered until intended to be made this month, had been postponed at 2f ®3 per cent for sixty days to four months, 3'S)3^ per to take April, it was doubtless regarded as advisable cent for five to six and 3J per cent for seven to eight make advantage of the prevailing exchange conditions to months though loans are quoted at 3J®3f per cent for negotiation hence the extraorThe commercial ample provision for the reported. for shipment to Paris, ; ; ; all the year, no paper market business is quiet is with a good demand and only moderate offerings. Eates are 31^2)4 per cent for sixty to ninety day endorsed bills receivable, 3f'S)4| per cent for prime and 4 J per cent for good four to six months' single movement feature of the market which attracted attention One was the York continued advance in rates for exchange at Kew gold; of on London, notwithstanding the large exports was due, as above noted, to the urgent demand this names. England minimum rate of discount remains unchanged at 3 per cent. The cable reports discounts of sixty to ninety-day bank bills in London 2J The Bank per cent. dinarily large of gold to Paris this week. of The open market rate at Paris is 2^ per cent bills which led to the prompt absorption of the steriing shipwhich were drawn for the reimbursement of the of lowments. Another feature was the maintenance Thursday, for exchange at Paris on London until rates bankers on indicating continued realizations by French . .. Feb. THE CHRONICLE. 4, 1905.1 563 Ou Thursday the With the Sub-Treasury operations and gold exports Paris check rate rose two centimes, but this was prob- the result is as follows. ably due to purchases of this exchange as coyer for the Int9 Oat of Net Change i\i Week ending Feb. 3, 1905. Banks. Banks. Bank Uoldiugs. sterling reimbursing bills which were drawn against the investments on the London market, If the Paris check rate shall again gold exports. as is thought mand our for indicate that likely, it will has gold French the been yet not fall, Banks interior movcuie^it as above Sub-Treas. oper. .icd jjold e.vports.. $13,160,000 39,000,000 $4,018,000 46,000.000 Gain. Loss. Total cold and lezil terrtera $53,160,000 50,018,000 Gain. 83,14'2.000 $9,l-l:i,000 7,000.000 de... satisfied, The following table indicates the amount of bullion in and if exchange at New York ou London shall European banks. remain strong, more gold will probably go forwarJ. The the principal exports of gold to Paris for the week were $9,131, 123 94, February 2, 1903. Febmarv 4, 1904. which was shipped on the French steamer which sailed on Thursday. Included in this sum was a consignment of $681,423 94 gold bars; the remainder consisted of Bank of of all which was negotiated about $9,000,000 more last year. It expected that is will be shipped, this going forward Gold received next few weeks. at intervals during the at the loan tor $35,000,000 Custom House during the week Total. £ Gold. Silver. lotah £ £ £ 33,60S,7D0 108,098,260 44.020,450 152,048,710 93,790,741 13,359,000 33,770,000 86,050,000 48,401,000 53,436,000 5,732,000 100,309,000 12,537,000 60,938,000 40,590,000 12,488,000 59,078,000 Spain 14,922,000 20,197,000 Italy 22,488.000 5.837,900 3,193,300 6,265.100 3,153,333 1,576.667 France . Cuban V .S.5,510,S30 There was an export to-day (Saturday) of 82,000,- Germany Itussia 000 gold coin to Cuba, this being part of the third instal- Aust.-Hnt!. of the proceeds of the Silver. V 85,510,320 KrKland.... coin. ment Gold. 40,077,000 100,.'i77,GOO Netherl'ds. Nat. Belg.. 33,000,700 44,251,256 138.041,997 11,865,000 45,635,000 7,313,000 93,363,000 35,119,000 23,661.300 14.586,000 19,745,000 34,331-,000 22,085,000 3,723,900 12,103,000 5,039,200 6,556,100 25,808,900 11,595,300 4,750,000 3,144,667 1,572,333 4,717.000 Tot. week... 378,075,323 10G.8S0.617 4a5,855,SiO 338.GG3,308 107,5 It, 58fi 446,176,897 Tot. prev... 377,949,864 106.9ii7,605 484.877,469 8:i9,8.=.4.301 106.628.5C1 446.482.862 $20.5,544. THU CZAR Am) THE RUSSIAN PEOPLE. liTominal quotations exchange are 4 sterling for 80® The two events of the past week which have thrown 4 86^ for sixty day and 4 88^'S)4 89 for sight. Ou Mon- light upon the confused internal situation of Russia have day the market was easy in tone and, compared with been, first, the olfort of the Czar to conciliate the disrates on Friday of last week, 5 points h)wev for long and affected labor element, and, second, the Government's for cables at 4 8550'2)4 8555 lor the former and at attempt to retrieve the unfortunate home situation by 4 8S25'2)4 8830 for the latter; short was 15 points lower achieving some successes in the field. to 4 8775'2'4 8780. On Tuesday strong at an advance of 20 points the at 4 8570'a)4 8580, short to was quite these undertakings, its success — long to cult to judge. 4 8795'a)4 8805 and cables to complete to dition of national politics that On Wednesday 4 8845^4 8855. tone around all long rose 4 8575'2)4 8585 and short 10 points 5 points is for The second appears As many first reasons of diffi- have met with a well-known tra- to iSTeedless to say, it is fixilure? the a brilliant victory at the 4 8805'S;4 8810, front will extinguish the greater part of a menacing; while cables fell 5 points to 4 8840®4 8850. The market It is hardly to be doubted] popular movement at home. was easier on Thursday and 5 points lower for short and that the advance of General Grippenberg, at the close of cables at 4 88'a)4 8810 for the fonner and at 4 8835® last week, against the Japanese flank at Mukden, was! 4 8845 for the latter; long was unchanged. The tone designed with such a purpose. The movement was was firm on Friday at unchanged rates. foiled, as each of Kuropatkin's previous advancing' The following shows daily posted rates for sterling movements has been. The Eussians met with some exchange by some of the leading drawers. initial but were to small MON., Jan. Brown 60 days SiKht BarinE, ( 60 days Ma«oon & Co. ( SiKbt Bank British ( 60 days No. America.. \ Sight. Bank of 60 days Montreal (Sight.. 5 Brothers ( 27. 4 86 Jan. 30. 86 483 86 . ( Canadian Bank of Ccmmeree. Heidelbacb.Irk- elbeimer&Co. Lazard days S (10 ( Sls/ht \ . 60 days Sight .. CO days Tfiur., heo. iei. 4 8') 86 88ifi 8.; 86 86 88^ 86 80 8(1 iSitftt.. 488J^ 88J^ 88}<; Merchants' Bk. (60 days 4 80 4 88>4 8(i 86 8o 881/ 88i.<i ssy, of (;ana<!a. ... ( ( Sisht, The market .. 89 80 89 86 S8J4 8S14 86 8(5 88« S8« If'reres 89 my, 4 88!^ 4 86 ) this already suggested in these columns epi- what —namely, 86!4 89 89 S614 86i:i 89 80 Manchuria has been radically altered since the Japanese captured Port Arthur and fortified their lines before Mukden. Under such circumstances, and in default of such a general forward that the strategical situation in 89 m}4 ^^' 86 fi*om sode, in a military way, lies in its confirmation of wo have to or more. f-0 8G.4 8G 88Vi 88>.i 4 88>.^ 2. Phi.. FiU. 3. ^OVa h9 m 4 86 4 88« 4 86 4 88^ 4 80 I. 8(. 8«« . retire Wed.. TPEH.. Jan. :{i. men with 10,000 Perhaps the most interesting inference DAILY POSTED RATES TOE FOREIGM EXCHANGE. Fri.. eventually obliged successes, losses of 89 86 movement as the .Japanese are very unlikely to undertake at the present time, the position is that the Russians, if they wish to do anything but stand on their present ground, must become the aggressors and adopt the recent 8575^4 8585 and 4 8835^4 8845 closed on Friday at 4 for tactics of tlie Japanese, with all the terrific waste of life To involved in frontal assaults on fortified positions. 8810 for short for willingness. cables. Commercial on banks, 4 8540'a/4 8550 and this the -Japanese submitted with cheerful practicable would be documents for payment, 4 84^'S)4 8580. Cotton for pay- Whether the same variety of tactics ment, 4 84^'S;4 85, cotton for acceptance, 4 8540® to General Kuropatkin's army, reinforced only slowly auil by degrees by the Siberian Railway, is a rather different 4 8550 and grain for payment, 4 8570'2i4 8580. long, 4 88'S)4 question. The The to following gives the week's and from the TTffTc endino Feb. interior 3, by the Xew York Rectired fry Y. Banks. 10C5. A'. Currency Gold Total gold and leaal tenders. ... movements of money banks. Shipped bv r. Bank). .V. y'et Interior Movement. J10.69C,000 2,4GT.0OO ?3,09 1,000 924.000 Gain. $7,509,000 Gain. 1,543.000 $13,160,000 t>4,018,000 Gain. ?9,142.000 incidents of this week certain sense pathetic; yet it at St. Petersburg is were possible that they in ^ may have contained the germ of important developments iu the situation. The Czar announced, through his Min- would personally receive a deputation of the revolting workmen, and the event occurred last isters, that he Wednesday It suburban palace of St. Petersburg. a speech by the Czar in which ho in the consisted in [Vol. lxxx. THE CHRONICLE. 564 recent deraonstra'g»Te forth the following view of the of unpalatable political opinion will not this occasion on If the dispatches are to be believed, be adopted. Gen- tion. must himself have been warned to use as inevitable eral Trepoff The recent lamentable events with snch sad but powers with which, in yourselves to be little as possible the dictatorial remits have occnrred because you allowed Along with this, our country. When the first alarm, he had been invested. led astray by traitors and enemies to on your needs, and possibly as a cause of it, it is highly interesting to they induced you to address a petition to me my Govern- observe the unusual sensitiveness to foreign public opinand me against they desired to see you revolt work at a honest your ment. They forced you to leave throughout the Eussian press in un- ion which is exhibited laboring be should workmen Russian all when period our obstmate the Eussian official circles. ceasingly in order that we might vanquish An interview bearing the signs of authenticity was enemy. led the crowds to Strikes and disgraceful demonstrations the authorioblige, will disorders which obliged, and always As a result innocent people were ties to call cut troops. workman is not easy. victims. I know that the lot of the You Many things require improvement, but have patience. emyour towards just will understand it is necessary to be But industries. ployers and to consider the condition of our in order to declare to come to see me as a rebellious mob your wan s, is a crime. I will take In my solicitude for the working classes will be possible everything measures which will assure that their of done to improve their lot and secure an investigation demands through legal channels, their of the honesty of the workmen and published this week by the correspondent of an American newspaper with Grand Duke Vladimir, in which, after scrupulously denying bloody affair of all personal participation January 22, devoted his attention to this eminent in the repressionist appealing against the criticisms situation—in America particuThe usual larly and in the civilized world in general. in the reference to Eussia's friendship to this country the signifiCivil AVar was to have been expected ; but current on the Eussian cant fact in the attitude assumed by this uncle of the very Czar and active member of the court cabal was the his and I am convinced plain evidence of his wash to rehabilitate himself Return transgression. their devotion to myself, and I pardon the respect and good wUl of other nations. carry out the tasks country in and comrades your with work your to of the This it hardly need be said, is not the attitude allotted to you. It shows that years ago. re- insolent autocracy of twenty That a deputation of the sort should have been possibly But the Eussia has been taught a very useful lesson— important. ceived at all is doubtless of itself criticism which will naturally occur to the unbiased is that the time to have made an arrangement mind through of the the chastening influence of a disastrous war, which have possibly through the complications of finance prevalent impelled its careful study of the feeling and to have listened to the dissatisfied laborers, was in the among foreign peoples. two weeks ago, before the predicted demonstration Under such circumstances it is not surprising that the incredible stupidity, streets of the citj was allowed, with have begun to tell of wider plana Under existing circumstances, the current rumors should did. sort, go as far as it petitioners for political reform. side, the of concession to the Eussian audience granted by the Czar had, on the one submitted to the Czar a The story that a Minister of State appearance of concession wrung from a sovereign by Constitution, and that the hand, this week his draft of a written formidable demonstration, and, on the other was apparently the product of to Czar irresolutely signed it, lecture a read that of a mere attempt to imagination but it is not so certain that some It will be noticed a hasty dissatisfied petitioners for reform. be witnessed before workmen, development of the sort may not not the of petition the although that, Whether authentic demonstration, long in the Eussian Government. published at the time of last week's Yermolofl", a member of the of or 'not, the story that M. made a special point of political reform and that Eussia could no longer be to this Council, notified the Czar grant of public liberty, no reference whatever save by the co-operation of the Czar's address successfully governed subject is contained in the reports of the of the people, correctly described the real facts Where he rebuked the Zemstvos petition as Eussian to them. Xor is it possible that the Eussian Govern" untactful," he refuses even to refer to the laborers' situation. De Witte in its council, should entirely that it was sedition. ment, with M. political petition, except to intimate the very frank statements were the have missed the meaning of grievances labor the that assumes Czar The communities at Berlin and^ Clearly, given out by the banking beginning and the end of the petition. credit would be fortified,in Paris, to the effect that Eussian Czar has to offer the that all this, is if political power to the not weakened, by an extension of way of compromise, the audience might as the If in the end the outcome of this dis-, people. with. That something has governed -well have been dispensed the case of many similar wars by other to meet astrous war, as in been gained through an apparent willingness of the Eussian govnations, should be intelligent reform conceded. be readily will face to face dissatisfied citizens the vital problems of the Euro.; in ernmental system, one of earnest in less were citizens Russian But unless the be far on the way to its solution. there is reason pean situation will than government better for appeal their as may To reckon, however, that such concessions that this should be inconceivable quite is it suppose, to will avaU have been made, or may be in contemplation, it will be observed the end of the agitation. Furthermore, Government while still prosecuting its hapthe Czar to the the Eussian that the carefully chosen remarks of the East, would be to rely upon grievances and less military contest in laborers, based wholly on their industrial Kot the least pregnant fact in a dangerous assumption. might as such concessions and remedies promising only weeks protests submitted these past strike, can all petitions and ordinary an of settlement the in be suggested labor organizations to the submitted from public bodies and from demands the to relation have possibility by no war their positive avowal that the various professional Goverument has been lately by the Zemstvos or by the and suicidal and a wicked heard during in Manchuria was useless bodies whose distinct opinions have been that, begun as it of Eussian life and treasure, and waste the week of agitation. whole, of the Eussian people as a lies in was against the will situation present the in element TLe reassuring opinion should be to bring the first concession to popular tyranof policy the week that tliis hand the evidence at expression it to a close. repression and of brutal punishment for to ; nical r Feb. LATE YEARNS lEOy ^ mu The ' THE CHRONICLE. 4, 1905.] TRIE 7 For the PRODUGTIOJSr. 565 twelve months of 1904 the country's out-' was 16,497,033 tons, as a<rainst dod-iust «*» 18 00^2^2 j.o,uuy,zo^ ^, .^^ X i the calendar year 1903 and 17 821307 ^ons m ^h^^h'^^' tons in' fall piitof pig-iron ^ , conceminff .1. the production ofutons ^ F "uuv^tiuii oi , .1^u TT Iron the United States during the calendar year 1904 Lv, ^ m, ^^^ calcudar year -.o/o 1902. This is a ^un&iutiduie •1 considerable reaucA-^. T^T T Ti/r a ^. r .^, T reduc as complied by Mr. James M. Swank for the American j +• -xi. -.-u '''''"*" tion as compared with either one of the two years ^T PC* A X X. vears prenrn Iron Steel Association, serve to emphasize the feat-' & , ^^, v -u ^u ,x c^tlmg, though the result is changed 1 XT, ^•1 somewhat wnen bumewnat r X whpn * ures disclosed the returns of private investigators. It , n j^ .-u "."^''^"'^^^^^^^ These stocks was a year which opened under decidedly unfavorable ! 'r\i! depression in the trade which auspices, but which closed with the iron and steel trade '° ^^^V..'" \' -^ ^ t. 4.- • statistics -^ ^ o^ . oflBcial m . . m • ;i • , • • i ' j • 1 . , I • m • • . • • ;, ^'"T ! tZlT ^5^1 inastateofgreat activity and buoyancy. Mr. Swank 951 tons to reports the make of iron for the last six months of 1904 improvement i at 8,323,595 tons, as against 8,173,438 tons for the first months of the same six year. But this full of the change in conditions which took place. this city (and which when combined that corresponds make very closely with the the trade, the stocks ^°" ''' with were the again from 598,489 tons to 446,442 tons. Mr. Swank's figures of stocks, it is proper to say, include all extent iron in the hands of manufacturers not intended for their own consumption and also all iron in the warrant yards. of Allowing for the changes in stocks, the consumption of an aggregate home pig iron in 1904 was 16,649,080 tons against prepared by the "Iron statistics in ''"ToZ' m 1904, ' tons: tons; comparatively small increase in output does not reflect the The monthly reduced 598,489 Age" official total. 17,460,714 in 1903, showing in this ;^""' T"\°^ 'Z V ZtlZ allowing for the fact that our contemporary's figures do not include the production of the charcoal furnaces) have i I^^k ,T' *^? '^'"''°''^''° ! ( . ' way a decrease "' ''"''"'' of " .^I """^ ''''^°* '^'^^ '^ *^' ^"^P"^^ "^ P^^ ^^^°' shown that the production varied greatly during ^^e ! . ^^?"nf different months of the year, but thaTin BeZ^V^lll^:^? ^P^^tions. The final result, output reached 1,614,349 tons, or the largest of any •' ^Tt^ H . ^^''^'^ ""''^ "^^ '^''' '''''' ""^ '^^'^ ^^t« consideration, month since May and June 1903, 1903. and comparing comLrin. with is shown in the following table. only 846,605 tons in December 1903 and 921,231 in PIG IBOK PBODPCTION, STOCKS. IMPOSTS, 40. January 1904. There had been marked recovery in the Ions 9f a.240 P'nd*. 1904. 1008. 1902. 1901. 1000. iao9. early months of 1904, bringing an increase in output to ' ^ f | j 1,205,449 tons in February, to 1,447,065 tons in March and to 1,557,267 tons and 1,533,350, respectively, and May; but the improvement was not lasting. It in April 446,020 was a false start and rested on a wrong basis. During this period the attempt was to maintain an artificial level of As a consequence, in July the product was again down to 1,106,297 tons, and in August the amount was but little larger, or 1,167,672 tons. Then the mistake prices. Stock of pig Jan. 1. 688,4 ?s40,951 73,6 » 446,020 68,309 416,833 Product "n dnr'g yx. 16,497,033 18,000,862 17,831,807 15,878,364 13788242 18,e20,70« Total inpplr 17,086,822 18.059,203 17,894,964 16,324.374 13857651 14,036,088 Stock end of jear. 4i6,442 698,489 73,64-' 49,961 Cnsmn.of home pt£ Import* of plf. Total 08,308 16,649,080 17,460,714 17,845,008 16,250,727 13411631 13,967,727 79,600 600,674 619.851 62,980 62,666 40,898 10,728.680 18,060,888 18,494,857 16,813,667 13464096 14,008,12* 40.025 20,379 87,487 81,211 289.687 228,678 Bzportaof iric Doateatic oonininp. 1 6.679.5^61 18,039,900 1°.4 86.870 16,g82,44«ll''lT7409 lS,779,44i 1 The above makes it evident that the domestic con-^ sumption of pig iron in 1904 was only 16,679,555 ton8,i which had been made was recognized and in September against 18,039,909 tons in 1903 and 18,436,870 tons in' quotations were marked down all around, one instance 1902. But even this does not indicate the whole of the' being the price of steel billets, which was then reduced reduction which occurred in domestic consumption. In' from 123 a ton to $19 50 per ton. With this change in treating of the imports and exports of iron in the statepolicy, enduring results were achieved, so that in less ment given, we have taken account only of the movethan two months thereafter (namely, on l^ov. 15) it was ment in iron alone. But pig iron by itself forms only a found possible again to raise the price of billets to $2L small The revival part of the country's imports in the iron and steel trades which formed and and exports of iron In 1902, and also in 1903 until the closing such a conspicuous feature of affairs during the closing months, the situation was such that we imported iron months of 1904 may be said to have had its origin m and steel in very large amounts to supply the deficiency this reduction in prices in September, for the cut then existing in the home product to meet home require-' served at once to stimulate consumption and to promote ment In 1904, on the other hand, an exactly opposite^ steel. | confidence in the level of values and the state of the state of things prevailed, the home product, notwith-' Another circumstance operated to the same end. standing the decrease in the same, being greatly in exConsumption had been curtatled to a really striking excess of the home demand, making it necessary to find a tent The full measure of this curtailment cannot be market abroad for the surplus. The contrast in these ascertained by consulting the 1904 figures of production trade. particulars alone. It is necessary to go further back. We accord- ingly present the following table, showing the iron product by half-yearly periods since the close of 1899. PBODUOXION OP PIG tBOS IK HALP-TBAKLT PBUOIM. 18W-l,tha« looft_?^*^^Hi 1900-l8t half Iftm i^.^ ^'HV 1901-lst ha« 2d Half SsJim 7,331,636 7,642,5«9 6,146,673 7,674,613 8,203,741 ,«^- 1902— iBt half 2d half 1903-1 St half 2d half 1904-lsthalf 2d half ^osi IMPOBT8 AND EXPOBT8 OP ALL KINDS OP IBOH AHD SRKI,. 1001. 266S03 1903. 1,178.797 .1,167,673 826,590 1,206,813 876,078 Kzcesa of ezporta 001,275 KxceM of Imports 852.207 831,735 Kiportfc 8,808,574 9,012,738 9,707,867 8,301,H85 8,173.438 8,323,595 graphically revealed in the following table, show the imports and exports of all kinds of which we iron and steel, including the pig metal. in _ Importa Tons. is 1902. 1901- ' 180*,"i 221,892 700,R67 1800. 209,956 1.154,i84 043.6W 479,6e6 944,329 7«0,409 ITsSi Thus in 1904 we exported 901,275 tons of iron and steel more than we imported, whereas in 1903 our Imports exceeded our exports in the amount of 852,207 tons and in 1902 they exceeded the exports by 831,735 It will be seen from the foregoing that our make of iron in the last half of 1904, notwithstanding the increase which then occurred, fell far below the maximum tons. Deducting, therefore, the 901,275 tons of net extotal for a six-months period which was reached in the ports from the 16,649,080 tons consumption of home pig first half of 1903 and amounted to 9,707,367 tons, and iron in 1904, and adding the 852,207 tons excess of imwas also less by a considerable amount than the product ports to the consumption in 1903 and the 831,735 tOM •f either the first or the second half of 1902. excess of imports to the home consumption in 1902, tii^' I THE CHRONICLE. 566 comparison would stand—15,747,805 tons for 1904, against 18,312,921 tons for 1903 and 18,070,737 tons The contraction is accordingly fonud to for 1902. have been over 2i million tons as compared witli 1903 [Vol. lxxx. recent years. creasing their furnace capacity in Jersey also lias more iron to its credit Kew than in preceding was maintained at The loss was borne nearly the same figures as in 19D3. mainly by the Southern States and by Pennsylvania and years, while the product of Illinois and nearly 3 million tons as compared with 1902. It was this great curtailment of consumption that fur- Ohio. nished the basis for the improvement in demand which when developed prices were reduced to the proper level. say that the average of prices on all leading articles of iron and steel (excepting only steel We need hardly NORTH WESTERN RESULTS CHICAGO FOR THE CALENDAR YEAR. (i- The great activity and rise in price of the shares of which were maintained at unchanged ligures,) was Company the Chicago & North Western Eailway much lower for 1901 than for 1903. In fact it was the give exceptional interest to the income results for the It is always useful to have lowest of all recent years. calendar year, which we have obtained the present week the annex we accordingly and averages, yearly these rails, following table, showing the yearly figures back to 1897. AVERAGE lEAKLT PJBICB8 OF IKON AlID STEEL, $f*« 1S04. Article»— Oldlron Trails at PhUa..ton.l6 22 No Isnth-fdypigatPhU." 16 57 to^y forge plgCnatPWl." 13 67 Gray tOTge piK Iron, I>ake 12 80 ore, at Pittsburgh 13 76 Bessem'r pig Iron at Pitts, 28 00 (Steel rails at miUs In Pa. " 2213 StlbUletBatmlllsatPitts. Best refined bar iron from 100 lbs. 173 store at Piilla " 143 Best re'd bar Iron at Pitts. 1903. 1902. 1901. 1897 TO 1904. lt»00. 1899. * t 2117 23 83 19 82 19 51 20 36 8 98 19 36 19 19 92 2319 16 17X3 19 20 14 08 16 49 18 60 17 53 18 98 28 00 27 91 19 49 20 67 28 00 20 57 2 00 2 13 177 194 $* 1898. 1897. 12 89 12 4S 1166 1210 10 23 918 14 20 16 90 15 93 19 49 2T3;J 33 29 2i 13 2o06 16 72 19 08 2812 3112 10 33 17 68 16 31 li^ 2C7 196 128 107 184 180 2 13 10 48 9 03 J 013 18 75 16 08 131 110 in the usual form. The common stock of the company on Tuesday sold up to 249, as against only 205^ on Janand but 161|^ in March of last year. Accomuary panying the rise there have been all sorts of rumors of combinations and alliances, one of these rumors suggesting that the stock was to be taken up with a joint issue N'othof bonds at a figure in the neighborhood of 300. ing has developed to substantiate any of these rumors^ and the one undisputed fact which remains property under its existing management is is that the enjoying In connection with these low averages for 1904, wonderful prosperity. should be recalled that while in 1903 closing prices New evidence of this prosperity is found in the figures the on in averages, 1904, were far below the yearly As is well known, 1904 was not for the calendar year. averages. yearly the above other hand, they were much a period of favorable traffic conditions—no more so for of average the In 1903 suffice: The One illustration must the Chicago & North Western than for other roads. Bessemer pig iron at Pittsburgh was $18 98, but the weather was exceptionally severe the early part of the December 1903 figure was only $14 40, to which there year, the gi'ain traffic did not measure up to its usual had been a decline from $22 85 in January 1903. In proportions, owing mainly (in the case of the North 1904 the average of Bessemer pig iron at Pittsburgh Western) to a short yield of spring wheat, while the volwas only $13 76, but the December price was $16 72, ume of merchandise and general freight was adversely fi'om $12 46 and to which figure there had been an advance affected to h certain extent by the quietude of trade it in July 1904- business for a good part of the time. Before closing, it will be interesting to show the changes in the pig-iron production in the different States. Accordingly we present the following table covering the seven years. last 190^ le03. 1902. 1901. 1900. 1899. 1893. T(m». Tone. Tom. Tons Tom So. States1.033,678 1,453.613 1,661,388 1,472.811 1,226.212 1,184.887 1.088.906 Alabama., 283.274 263,439 192,699 100.724 13,762 16«,S»7 68,462 490.617 862,190 166.758 71.562 366.491 346.168 187.858 119,019 32,315 87.333 28.984 17.886 803,229 8,095 803,186 2.273 890.073 10.150 234.477 5.803 2,743,3i;j 3,237,0(79 3.034,574 2.578.664 2.604.671 2.360.554 Z.0S3.728 pemisylr'nla 7.644,321 8,2U.600 8.117.800 7.343.257 6,865,935 6,658.878 5.537.832 2,378,212 1,986.358 228.011 264,346 Virginia.. Tennessee W.VlTKlnU.. Kentncky... Oeor^a N. Carolina. Maryland... Texas Total.. 448.662 418,368 199.013 102,411 637,816 392.778 183.005 110,726 .156 \ 70. 76,602 293,441 5,630 321,570 11,653 810,628 302,096 270,946 37.108 644,034 337489 2.977.S29 3,aS7,484 8,631,888 8,329,426 2.470.911 New York ... 606,709 552,917 401.869 283,668 292.827 New Jersey.. 262,294 211,667 191,880 155,748 170,262 1.655,991 1,692.375 1.730,220 1,596,850 1,303,383 lUlnois 163,713 170,762 233,226 244.709 155.218 Ohio Michigan .... Wisconsin... Missonrl All others ... 233.516 +273.987 +307,551 270.289 •269,930 •203.409 11,828 15.446 17.765 210,404 161,776 12.071 Orand total 1 ^497083] 800»«5«l 178 JISO' 15878354 • IndudinK Colorado and State of Washington 1 A noteworthy circumstance is that while the make oft" was not very large, the total of the gross for $16,667,889, margin of pany, however, has for years had such a large served to surplus that these changes in earnings have affect the final result in only small degree. ment reduced 190.974 6.178 the appropriation made The manage- out of income for improvements and permanent additions same as the property; otherwise the outcome is the construction, to be- fore. Dividends are 7 per cent per annum on the common and the call stock and 8 per cent on the preferred stock, balance avaU. this purpose is $5,174,924 per year. The for almost twice this amount, Deducting the $5,174,924 required able for the stock in 1904 was being $9,963,101. 18.789,212 I3.6«0.70n 117733:U + InciudinK Minnesota. for the sum disclosed by the foregoing for the months ending December 1904 being $53,705,091, against $54,396,248 for 1903. due In the net earnings the loss was somewhat heavier, The net for 1904 foots up to augmented expenses. The comagainst $17,514,023 for 1903. 127,598 100,031 1,442,012 1.365,898 134,443 147.640 +203.175 172.781 +184,791 141.010 •138.880 »159,201 9,997 12.605 13,513 of iron in 1904 consequence, 31 1904 did not quite equal those for the corresponding On the whole, however, the twelve months of 1903. falling PEODCCTION OF PIG IRON BY STATES. Tont of 2,210 Pownda. gross earnings lor the twelve As a dividends, there was Of this, of $4,788,177. whole providing for construction, left a surplus in the large $4,000,000 was appUed in leaving even then a etc., To furnish a comparison with preof $788,177. over 1^ million tons, as compared with balance It should the following table. in- ceding years we present actually States the of some of product the 1903 include the understooil that the accounts now The remark applies particularly to New York be creased. lines or Fremont Elkagainst operations of the Trans-Missouri State, in which 005,709 tons were made in 1904, of Missouri Valley system. The operations horn 552,917 tons in 1903, 401,369 tons in 1902 and only 283,of the parent these lines have been merged in those 062 tons in 1901. This no doubt reflects the work of the estima^^^^^^^^^^ system since IMu-uaiT 16 1903 and we new furnace plants of the Lackawanna Steel Co. and that of for the calendar year 1903, independent concerns which have been in- viewing the results country fell off & | of some other ! Feb. THE CHRONICLE. 4, 1906.] earnings of 6J million dollars recorded in that year about 4 million dollars had been the increase in gross to the inclusion of these lines. -Twelvemonths ending Dec. 31. 1902. X903. 1901. 1904. OHIO. 4 NOBTH WEST. 5,890 5,638 7,189 7,410 (ave'ge) road Miles ol due * $ $ $ 53,705,091 64,396,248 48,026,708 45,910,020 37,037,202 36,882,225 31,855,065 29,126,052 Gross earnings Expenses Net earnings Charges— 16,667,859 17,514,023 16,171,643 16,789,968 Int. (less credits) *6,479,788 t5,972,792 115,541,640 15,816,909 225,000 225,500 225,000 225,500 Sinking funds 5.766,640 6,198,292 6,704,788 Total. 6,042,409 & 11,315,731 5,174,742 10,405,003 4,837,005 10,747,559 3,914,594 4,788,177 eto. 4,000,000 6,140,989 5,013,418 5,567,998 4,697,055 6,833,165 4,169,526 with only $57,952,038 Dec. 31 1903. I^ext in rank comes the Mercantile Trust, which also made a large addition to its business during the twelve months, its aggregate assets 870,943 1,127,671 2,663,639 788.177 This is amount after a deduotlon of $156,985 for Income from InveetmeDte. 1 We have allowed in 1903 for a credit of $830,767 for income from Investments. $9,828 interest paid in advance of \\ In thl8 we have included maturity on bonds taken up and funded into 3-43 per cent general mortgage gold bonds of 1987, and have allowed for a credit of $553,435 lor income from investments. jlnoludeein ISOI $*.s, 19 2 Interest paid in advance of maturity on oonds taken up and funiled Into S^a per cents, and aUows for a credit of $577,080 for Income from investments. • now being end of 1903, number of companies in 992 at the same way $85,134,964, against $58,381,As a matter of fact, an unusual this city is distinguished in the There the present time. the United States is Trust, with resources of $73,628,980, against the Guaranty $41,018,720; the in Surplns New eqaipment, — which, by the way, made noteworthy furduring the past twelve months, its aggregate ther growth resources at $91,077,662 for Dec. 31 1904, comparing Trust Co. 766; Balance for Stock.... 9,963,101 6.174,924 Dividends 567 $62,311,- Trust, with Xew York $66,982,866, against Security Trust Co. (which & 1904 absorbed the Continental Trust), with $63,968,- Union Trust, with $63,520,563, against $59,140,811; the Morton Trust, with 235, against $35,263,244; the against $62,278,416, $61,043,337, against with bocker Trust, with Central Trust, $48,271,082; the $47,339,016; the $59,358,013, youug the Equitable Trust, that active Knicker- against $37,490,568; giant, with $54,- Mortgage & Trust, with $48,123,536, against $32,694,649; the i^ew As the fiscal year of the company does not correspond York Life Insurance & Trust, with $40,162,056, against with that of the calendar year, but ends on June 30, it $36,905,330; the Metropolitan Trust, with $35,935,689, seems desirable to segregate the results for the last six against $28,375,694; the Title Guarantee & Trust with 225,826, against U. $34,650,430; the S. months from those for the first six months. Accordingly $32,977,617, against $25,484,762 the Colonial Trust, we show in the following the gross and net earnings by with $28,747,169, against $19,677,039; the Bowling Green months for the peiiod from July to December of the last Trust, with $24,932,062, against $16,476,486; the North American Trust, with $23,106,426, against $17,705,three years. ; MONTHLl GROSS AND KKT EARNlMas. ' M Earning CHICAOO * NOnTH WEST. First 1908. 1902. % % $ 1903. 9 1902. 9 6,162,828 4,636,469 .'4.030,612 4.777,937 4.011.704 1,630,658 1,416,213 1.205,314 4,847,084 4.822,073 1,628.671 1,424,041 1,487,818 1,713,176 i\191,864 1,872,862 \ August 1904. t 7.660.726 montlii1.24,111,763 25.156.881 23,396,488 July 938; the Fifth Net Earningt 1 1904. 7.186.693 Beptember...... .5,387,389 6JIM,949 4.665.282 2,083.648 October„ .......^ 6,878,723 6,562,S05 4,866.034 2.000,693 NoTember..^.... . 4,834.070 December....... . 4.441,163 4,728.636 4.«03.805 4,178,088 1,784.808 1,779,851 1.441,716 8,738,050 1,493,290 1,329.753 1,176,284 .29.693.834 29.889,967 25.630.826 10,516,669 9.S»,29r 0.034.050 Last 6 mos 1,871,021 Avenue Trust, with $20,348,820, against Bankers Trust, with $20,241,788, against $11,647,954; the Manhattan Trust, with $19,the $14,056,417; the Lincoln Trust, with 608,736, against $13,193,837; $14,350,358, against $8,382,351, It is not our purpose, however, into particulars with reference to etc. in go the separate companies, this article, to The illustrashow how general and These figures make it evident that for the new fiscal large the growth has been. One would expect, of course, year the monthly returns are recording moderate imfrom the great increase displayed by the individual inprovement over the corresponding months of the previous stitutions that the gains for the companies as a whole The gross for the six months to December 31 foots year. must be of really marvelous proportions. This is preup $29,593,328 in 1904, against $29,239,967 in 1903. cisely what the figures do disclose. The State SuperinIn the case of the net the improvement is more marked, tendent of Banking at Albany has just made public his some of the causes previously operating to swell compilations for Dec. 31 1904. These cover the entire expenses having evidently disappeared. The aggregate State and hence are to be preferred over those for Xew of the net for the six months of 1904 is $10,olo,563, York City alone, though it is only fair to state that the ToUl year... 68,705,091 64.390,243 48.026.703 16,637,88 J 17,614.023 16.171.648 igainst $9,853,297 for 1903. 571 subsequent pages of the present issue (see pages to 583), we print detailed returns showing the re- general tions given are intended companies of THE TRUST COMPANIES IN NEW YORK AND ELSEWHERE. On but to deal with the Up trust to aggregates. merely to this city constitute the 1903, it will be companies of bulk of the whole. recalled, the this State operations of the had been expanding in a most striking manner, but in the year named the upward movement was arrested and a shrinkage occurred, giving rise to speculations as to whether tlie growth of turns at the last three semi-annual dates of all the trust these institutions companies of i^ew York City (including those in the Borough of Brooklyn) and of Boston, Philadelphia and St. Louis. In presenting this extensive series of returns results for had not in fact reached its limit. The 1904 furnish an emphatic answer in the nega- tive to this question. Not only has the decline of the (the compilation occupies altogether over twelve pages). months of 1903 been recovered, but a further advance has been made, surpassing anything of the kind we witnessed in are continuing a practice begun by us three years ago last six the whole history of these institutions. and which was induced by the fact that these financial Take the item of deposits. This now amounts to have come to assume in recent years a $1,127,027,100 and compares with $978,405,817 July position of very decided importance, their business and I 1904 and with $807,162,571 Jan. 1 1904, showiug an operations having risen to proportions which even a addition for the twelve months of over 320 million dol. decade ago would hardly have been thought possible. lars. Only five years ago the total for the first time Here in Xew York City one large company shows an passed the 500-million mark. statistical record of the institutions A aggregate in We refer its balance sheet not far from $100,000,000. to that staid old institution the Farmers' Loan growth in deposits since Jan. 1 1899 following. is furnished in the THE CHRONICLE. 568 nw AOOHEOATK DEPOSm Or TOK Jan. f 1,127,627,100 ... 97)^,401,817 807,162.671 914,76^,871 823,797,857 1, lfl05 -• July 1904 1, Jan. 1, 1904 July 1, 1903 Jan. 1, 1903 We fancy nothing is mind dollars. prehension of 31 1901 all Still its 1, 1, 1902....... 1, 1901 1, 1900 1, 1899 may dimensions $^87,001,689 792,931,724 638,121,771 623.541,570 467,18i,2S8 total of point out that on Dec. Clearing House banks City $213,367,788 July 1904 1904 1903 1903 262,24-',17S Jan. Jan. Jan, Jan. July Jan. July 1, 1, 1, 1, Jan 152,286,383 147.097,316 138,659,889 The remaining items 1,127 special comment. With serve to a clearer comto CASH ON HANS AND OH DEPOSIT BT Jan. 1, 1805 impress upon the to help magnitude of a it ^ew York the 1902 Jan. Jan. Jan. Jan. needed of the reader the million TORK BTATB TBUSI OOMTAKIBS. July 1 [YOL. LXXX, of assets do not any call for the great expansion in aggre- gate resources there have these items too BTATB OOKPAHIBS. 1902 $128,978,387 1902 121.045,797 1901 105,702,416 1900 81,366,288 1899 71,734,621 H. T. 1, 1, 1, 1, 1, naturally —much more marked come increases in of course in the so- called stock investments than in real estate mortgages or combined had deposits of no more than $1,101,019,100. in loans on personal security. The following shows the It is perhaps proper to say, however, that this last shows exact changes in each of these three forms of investments. net deposits. York State Of the $1,127,627,100 deposits of the Kew trust companies, $156,930,921 represents deposits of other trust companies and of savings banks and But deducting bankers. of the this sum, the ordinary deposits companies even then stand close trust to 1,000 million dollars, being $970,696,176. When we come we get of totals to the still July Jan, size. 1, 1, 1, 1, July Jan. Jan. 1, I, July Jan. aggregate resources, of course July larger The amount now up $1,361,018,157, comparing with $1,042,413,409 twelve months before. On Jan. 1 1899 the resources were but $579,205,442, as will be seen from the followfoots STOCK INVESTBCENTS OF TRUST COMPANIES. $295 663,164 July 1. 1902 $218,806,131 1904 276.024.912 Jan. 1, 1902 19 ',822,966 1904 225,386,955 •Tan. 1, 1901 19«, 852,582 190i 280,698,3?6 Jan. 1, 1900 166,195,642 1903.... 219,378,946 Jan. 1, 1899 136,561,066 HOLDINGS OF BONDS AND MORTOAOES. laOi $64,549,929 July 1,1902 $49,^25,084 6l,224.7.=>9 Jan. 1, 1902 1904 „ 45,483,010 Jan. 1,1905 Jan. 1, 1, 1, 1904.... 59..'^34,679 Jan. 1903 1903 55,370,4-20 62,,385,360 ,Ian, IX)AN8 ON PERSONAL SEOnRITT BT Jan. 1, 1903 July 1, 1904 Jan. July Jan. $72,346,579 July 71.611, '98 Jan. 56,710,963 Jan, 53,030,425 .Jan. 42,233,160 Jan. 1, 1904 1, 1.90^ 1, 1903 ing. Jan. 1, 1, 1, 1, 1, 1, 1, 1, 1901 1900 1899 40,730,573 38,143,145 34,855,023 N. T. 1902 1903 COMPANIES. $48,523,129 41,907,300 moi 3'>,840.063 1900 1899 31,101,271 29,930,376 TRUST COMPANIES AT OTHEE POINTS. UOREOATB BSSOUBCE8 OF THB TEUBT COMPANIES OF Jan. 1.1805 $1,384,01R,157 July 1SC4 1904 1903 1903 l,'20P,4=i0,930 Jan. Jan. Jan, Jan. July Jan. 1, 1, J-Qly 1, Jan. 1, .1,042,413,409 1,146.370,75?> 1,039,956,625 Great interest attaches to 1, 1, 1, 1, 1, 1902 1902 1901 1900 1899 M. T. STATE. $1,078,212,635 969,393,644 797,983.518 672,190,672 679,205.442 item of loans on the col- Such loans have always been a favorite form of investments with the trust companies. But during 1904 it was reported again and again that these institutions were out of the market as lenders in this way at least It was urged that as the as lenders of money on call. companies were getting two per cent for their deposits with the banks, there was no object to withdraw this money and lend it on call when the call -loan rate was only one per cent and for many weeks at a time had been no more than one-half of one per cent. When the July returns appeared it did seem as if this situation had been an important influence in the affairs of the trust companies, for while aggregate resources had during the six months to June 30 increased some $166,000,000, the lateral. — No such comprehensive comparisons as those just made are possible in the case of the trust companies outside of Our summaries for the other centres covered by our tables (namely Philadelphia, Boston and St. Louis) this State. are such as we have been The limited to a few leading items. necessarily are turns in these and able to prepare ourselves not cast on uniform instances are re- lines, company having its own distinct method of classification, making general footings out of the quesnearly every tion except as regards alike by all, meaning, those few common and which have a such as established definite, surplus capital, things treated and and profits, deposits. There is one feature which the trust companies at the common other centers have had in York: their business though to mous with those at Kew has likewise continued to expand, be sure progress is not measured by such enor- figures as at this center. For Boston deposits now months and aggregate resources $172,053,316 against $143,$510,928,626 January 1 1904 to $500,106,646 June 30 010,521. In the following we show the Boston summaries 1904. During the last six months of 1904, however, back to Dec It will be seen that in these 31, 1900. either as a result of the improvement in money rates four years resources have risen from to item of collateral loans recorded a decrease, declining from are $139,851,208, against $112,281,257 twelve ago, $108,196,703 some other cause, the old course of the collateral $172,053,316. In other words, during these six loans was resumed. Boston, such loans months rose from $500,106,646 to $681,449,Dec 81, 1000 (16 co'8.),.., 715. In the last six years these loans have expanded Jane 30, 1801 (16 co'g.). Dec.81. ItOl (10 co'8.).. almost $400,000,000, showing what an important fac- June 30. 1902 (17 co'g.)., Dec 31. 1«02 (18 co'8.)... tor in the loan market the trust companies have beJune 30.190.) (19 co'«).. or from come. LOAK8 OK OOLLATESil. BT TBVBT CCHFANIES XS Jan. July Jan. July 1, 1, 1, 1, Jan. 1, 1905 1904 1904 1«03 1903 With so $631,449,715 5O0,lO6,»f46 510,928,626 fi2(;,*9t,H33 554,961,229 much more money NEW TOEK STATE. 1902 $603 436,621 Juu. 1, 1902 Jan. 1, 1901 Jan. 1, 1900 Jan. I, 1899 540,208,706 887,911,415 828,143,588 283,402,822 July 1, out at call the cash kept by Surplus and CapiUa. $8,450,000 8,450.000 9,000.000 lO.lCO.OOO 11.100.000 11,600.000 Dec. SI. IOCS (lOeo'B)... 13,l«i\000 June 30. 19J4 (ISco'B.).. 12,000.000 Dec. 81. 1004 (19 co'g.).. 12,500,000 At Profits- $10,286,659 11,257,704 12,2^4,793 14,141.093 16,779,627 17,174.430 18.629.264 19.331,879 19.703,108 AggregnU DtposiU. Ruonrcu. $88,481,044 106.948.269 107.9a 1.782 $108,196.70* 185.655.97* 12y,286,580 120,06«,888 116.264.790 143.141,417 117.'?l»,s28 146.<i93,758 113,281.'>B7 148,010,181 122,267,294 158.689. ITS 173,C5S.31« 139.851,203 ]44.:297,U81 Philadelphia in the same manner there has been further increase. Deposits now are $202,855,986, against $161,231,152 a year ago, and aggregate resources $283,Back in 1900 resource* 503,299, against $238,817,566. the trust companies on deposit with the banks was reduced were only $196,498,618, as will appear from the summonths from $226,727,762 to $178,23.3,926, mary we now annex. but comparing with only $125,392,247 on January 1 Anre<iat* Surplus anA Itetourcts, Depostts. PniLADKLPHIA. Capital. ProflU. 1904. The amount of money held by the companies in $19«,4»".618 $18649«.818 1000 (40 00'».).. $28,S;i9.l-C8 $27,8Jfl."41 Dec 214,786.397 151.299.734 29,6S6.810 their own vaults was $35,133,862 December 31 1904, June 30, 1901 (41 co'B.).. 30.015,117 218,fifl'r2»» 140.137.8S9 83.886.8i7 Dec 31, 1901 (41oo'B.).., 31.927.006 against $35,519,416 June 30 1904 and $26,894,136 June 2.)4,80>.0» 163.174.463 1902 (41 CD's.).. 82,683,230 85.306.666 153.151,.S55 227.480.117 87,614.329 January 1 1904. Combining the cash on hand with the Deo. 81. 1P02 (41 co'B.).. 83,142.231 >'47.3rt-,495 S8,19«.P01 171,390,409 the past six .SI. ''.0, . •ash in bank ,ftMlL, we get the following comparisons of total June 30. Dec, 81. 1003 (43 co's).. l9C3(Hco'B).. 84.145.4!-5 34.330.837 June 30. 1004(42co's).., S4,'»4.900 Dec. 31. 19'J4(43oo'B)... 84.800.9iO 80.6 4,877 49,694,164 1«1,231,1'3 13\817.R«« 175,3*<,08J 2r)3.S97.23W 47,3 14,788 208,855,»6t) »:li8,603,M9 ' Feb. At Si THE CHRONICLE. 4, 1905.] Louis the number of trust companies has been reduced, so that now are there only five institutions, as •gainst eight companies at the end of 1903 and nine In January 1901 the Commonwealth Trust previously. Co. (which the year before had absorbed the Colonial Trust Co. and the Hamilton Trust Germania Trust Trust Co. The Co., and May 1901 in absorbed the American consolidation Co.) took over the Mercantile the Central Trust Co. Missouri Trust Co. and the of the name Lincoln Trust Co. under the of the Missouri-Lin- But coln Trust Co. was also one of the events of 1901. though the number of institutions has diminished, posits have risen to still de- The subjoined higher figures. chosen Second Vice President of the Commercial National Bank of Chicago, and Assistant Secretary, William G. Fita-i Wilson of New York City. „, J —^The semi-annual statement of the New York Life Insurance Trust Company, 53 Wall Street, affords testimony to the continued growth of this old and conservative institution. On Dec. SIst the deposits in trust were $33,337,356, which comp&res with $28,912,4:8 Dec. 81 1903 and |28,878,025 Jnne 80 1903. Within the year just ended surplus fond and un- & divided profits have increased from $3,927,745 to $1,211,043, and during the last eight^^en months aggregate resources have grown from $34,910,183 to the present figures— $41, 835,Following an old-established rule of 84 years' standing, 449. the institution voluntarily maintains a large cash reserve its vaults, this on Deo. 31 1904 having amounted to fund in bonds, as and ProHU. De^Ht*. $1S.423,'>00 H4,471,»84 19,928,250 32.775,817 24.?22,213 »1 1,339.273 65.481,563 Agsregatt RcsmiTcts, »ap.8a»,307 e8.«28,819 e8,»io,iofl 109.167.419 69,991,934 es.cea.iiT H7,4S7.496 Surpl'us St. XiOXJlB. Dec 31. 1901 (6 co's.) Jnne 30, 1902 (9 co'8.) Capital. Dec 31, 1902 (0 co's.).... 20.185.300 J an a 30, 19G8 (9 co'«.) ... . 2<^.M)0,C0a Dea 81, lecS (S co'g.) ... 19,000,000 June 30, 1934 (6 co's.)... 17."00,000 Dec. 31. 1004 (SCO's.)... ia.00 .009 29,108,163 24,915.433 23,423,779 22,537,030 60,0:0,310 107,454.100 101,980.369 78,703,?0a U7.21i,e32 ITEMS ABOUT BANKS. BANKERS AND TRUST CO'S, —The public sales of bank stocks this week aggregate 385 which 10 shares were sold at the Stock Exchacga and the remaiader at anotion. The transaotions in trust company stock were limited to the m.lQ at auction of a lot of 20 shares of Etoek of the Title Guarantee & Trust Co. at 65CJ^, an advance of Si}4 points over the price paid last week. The table below, given in our usual form, shows the actual sales of New York City bank stocks made during the week at auction and at the Stock Exchange. Extensive tables showing the bid and asked quotations, deposits, surplu?, &o., of banks acd trust companies in all important cities of the United States are published monthly in the Bank and QtroxATiON Section, the February issue of which accompanies to-day's Chronicle, Bid and asked quotations for all New York City bank and trust company stocks are eharee, of also published weekly in another department of the paper, and will be found to-day on pages on 588 and Baitks— V«w Torn. Mkart$. 20 Amftrloan Exobance Nat. Bk. 20 Oommeroe, Nat. Bd,nk of . ; •10 Poatth National Bank 10 HanoTer National Bank SifiMsohanloa' Vatlunal Bank.... Tbiibt 1 Oompant— if«to * Nov. 1904— 230 2235|i 190S- 531 19P5— 302\ 1905— 180 l&Od- 5M^ Jan. Jan. Jan. Jan. 540*8 York. SO Title Qaaranteed^l^aatOo.^ 650^ ^' — 1905— Jan. , " 180% 6iMeroUants'Na<ioDal Bank. afiParkBuk, NaUonal ; V . 229 228 529 S07 587. La$t vrevimtt tale. Jsn. 1905 275 Price. 27.r)% , Sold at the Stock Exoliangft. 19CS— 617 Jan. ' . - reported that a membership in the New York Slock Exchange was reoentiy transferred for a consideration of —It is 179,030. :;'a w,: —The Gnaranty Trust Company of New York, located in the Mutual Life Building, is making very extensive alterations and improvements in its present banking quarters, which when completed will be among the handsomest in the city. This institution's statement for Dsc. 81 1904 shows deposits Increased for the year from $38,222,814 to $59,818,138. Aggregate resources have risen from $41,018,720 to $66,983,8C7. The cflasial staff comprises John W. Castles, President; Oscar L. Qubs;man and A. J. HamphOl, Vice-Presidents; Mr. Williams C. Edwards, Treasurer, and Mr. E. C. H'ibbard, Secretary. Recently the board of directors wai fcrther strengthened by the addition of Mr. James Speyer of Speyer Co. and Mr. Daniel G. R'ld of the Rock Inland Company and Mr. Oacar Q. Murray, Pcesldent of the Ballimore & Ohio Railroad. & —Throngh Secretary James R, Branch we have received the customary bound volume containiDg the report of the proceedings of the annual meeting of the American Bankers* Association. The present book covers the thirtieth annual convention, haU in this city on Saptember 14, 15 and 18 19:4. The ofilcers of the assocIaUoa are: President, Mr. E. F. Swinney. President of the First National Bank of Kansas City, Mo.; First Vice-President, John L. Hamilton of Hamilton & Cunningham, Hoopeston, 111.; Chairman of theEsecu'ive Council, G. S. Whitson. Vice-President of the National City Bank of Neiv York; Secretary, James R. Branch, New York City; Treasurer, Ralph Van Vechten, who has jaat been The market value of the company's stocks and public in its statement for regular distribution, was $11,313,676 on Dao. 31 19Q4, when the par value of these holdings was $9,883,020. The company accepts only $?, 100,000. table furnishes evidence of the fact. 51)9 made piivate trusts and declines all corporation or other public trust?. Mr. Henry Parish, the executive head of Its administration has as his associates Mr. Walter Kerr, First VicsPreeident; Mr. Henry Parish Jr., Second Vice-Presld ant; M?,. G?orge M. Corning, Secretary, and Messrs. Zsger W. van Zilm and Irvicg L, R^e, Assistant Secretaries. Many of New York's oldest and most irflaential families are represented on the board of trustees. ~Gan. Christian T. Chriatensen, formerly President of the Brooklyn Trust Company of Brooklyn, N. Y., died at his birthplace, Copenhagen, Denmark, on January 28. Gan. Christensen was born in 1833 and came to thin country in 1853. With the breaking out of the war in 1851, at which time he resigned as a partner in the firm of Pepoon, Nazro <S5 Co., note-brokers, he raised a company of Scandinavians and joined the army as First Lieutenant of the First New York Volunteers. After the war, in 1885, he became connected with the cofifse houae of B. G. Arnold & Co. Twelve years later he went to California as Cashier of the Nevada Bank. Returning East a few years after, he became in 1880 Manager for Drexel, Morgan & Co., continuing In that capacity until 1890, when he resigned to take the presidency of the Brooklyn Trust Company. In April 1900 he relinquished the and withdrew from active business. —The Fifth Avenue Trust Company, located at 48d Street and Fifth Avenue, this city, has increased its deposits from $18,655,715 on Dec. 31 1903 to $17,876,864 on Dec. 81 1904. Surplus and undivided profits have advanced from $l,300,7C3 to $1,472,955 and total resources from $14,956,417 to $30,349,820. Levi P. Morton is President, William D, Sloane and Cecil D. Landale Vice-Presidents, James M. Pratt Secretary and Walter Meacham Assistant Secretary. ^.^ latter office . —The New York National Esohange Bank of this city has Issued the 1905 number of its cardboard map and calendar relating to the payment of negotiable instruments in the different States and Territories. The same plan is followed as la previous year?, namely, the printiog in white of States is allowed; la blue, where grace on sight and time paper prevails; In red, where grace on time paper only is allowed, while shaded lines show the States where grsoa on sight paper alone is granted. Notations on each State iU' dicate when a note falling due on a Sunday or holiday ia payable. The card also contains a table called the Am3rlcan Holiday Calendar, showing holidays alfecting the maturity of negotiable instruments, and giving the legal and contract interest rates of the various States and Territories, as well as of Cuba, Mexico, the Dominion of Canada and Province of Quebec. The idea is copyrighted. where no grace —The Standard Bank of South Africa, Ltd,, has opened an agency in the United States at 43 Wall Street, New York City, in charge of W. H. Macintyre, agent. The head cffloe of the bank is at 10 Clements Lane, Lombard St., London. It has a paid-up capital of £1,518.535, or $7,535,696, and a reserve fund of £1.932,050, or $9,645,816. The institution is banker to the Government of the Cape of Good Hope, and to the British Government In the Cape Colony aad the Transtravelers' letters of crelit, iiraws drafts on its various branches and agencies, and negotiates or oollecta vaal. It issues on all points throughout South Africa. Besides the Bgency in New York, it has an ageaoy at 3 Post Strasse bills Hamburg, Germany. THE CHRONICLE. 570 & — Tbe Savings ComBtocbholders of the Central Trnst January 25, on pany of Philadelphia, at the epecial meeting approved the proposition to increase the capital from |5C0,000 to $750.0CO. [Vol. lxxx. Olearinot—RttvTnt by leUgrayh. Week Mndino Febrvary 4. New York Boston Philadelphia Baltimore Chicago Trnst Company of Philadelphia (ArSquare,) has just issued a comparaHall cade Building, City tive statement under date of January 31 1905 showing the advance the company has made in the last twelve months. On Jan. 81 1904 surplus and undivided profits were $1,418,741, while for Jan. 31 1905 they are |1,520,868. Deposits have risen from |8,651,1C0 to |13,598,007, and aggregate resources from 111,000,604 to $16,160,497. Horatio Q. Lloyd is Presi- —The Commercial James H. Hyde, Vice-President; Thomas De Witt Cuyler, Vice-President and Counsel; John H. Mason, Treas- St.IiOnl8. Naw Orleans Seven cities, 5 daj ( other cities, 5 days Total all cities, All cities, 1 Total 6 dart . . . day all cities for wefeic. P. Cent 1906. 1904. $1,645,310,686 122,688,031 106,260,257 22,574,879 160,3' 8,644 43,636,526 17.191,417 $1,067,252,709 116.837.860 93,194.663 19,684,087 141,926,960 52,318,461 28,123,974 $2,117,938,742 326.167,218 $1,609,183,104 290,IC6,419 $2,443,106,960 398,678,421 $1,799,289,523 335,789,393 -f32-6 $2,841,7S4,S81 $2.125.078.916 +33-7 +55'« -fe-o -I-14-0 -fl6'l -H30 -16-8 -88-» •f40*3 -t-12-1 4-35'8 Our usual monthly detailed statement of transactions on Rhe various New Yois. Exchanges is appended. The results for the month of January in 1905 and 1904 are given below. dent; W. urer; William 8. Ellis, Secretary; A. Obdyke, Assistant January, Poth, Vice-President of the Integrity Title, Insurance, Trust & Safe Deposit Company of Philadelphia, died on January 21st in his sixty-fourth year. —Mr. Frederick A. —Mr. T. from banking from the Edward Hambleton, having decided to retire Par Value Actual or Quantity Value. Outripuon Treasurer, and John H. Brookie, Assistant Secretary. Aver'te Par Value Price. or QuantUi ll^'i!; bonds.'.' 71'a |li!l,f6o,600 $121,954,876 100-0 $16,793 105-0 $16,000 $17.471.f00 $16,143,064 92-4 $781,188 284-9 $;iT4,200 $1981 164.4'>0 aoT't bonds State bonds BankttookB $2070 888.700 1,513,788.908 Total., Aver'it Value, Price. l,240.4P5376 $''81.3P9,359 590 48,687,50086 16-33 49,374,700 73-1 85,736,120 34,404,600 araln.bnsh. Actual 12,262,624 {6(6.948,026 67-7 1,169,581975 $64,02'' ,902 79-5 $60,4-6,500 $203 082 106-0 $192,600 84 $ii,-<e5 $135,000 $207,354 26*-2 $«:0,400 20,792,658 1,374,870.487 Stock SB. January, 1B04, 1006. ro3j« $774.f 86.8591 withdrew on January 31 11,649,506,02s Total valTie. business The Baltimore. of Co. on the New & properties Hambleton share in firm of Messrs. The volume of transactions in 190405 July 1 S. since Frank each month Mr. Exchange partners, 7ork Stock remaining will be continued by the following: in the indicated 1903-04 is and Cook. Henry Hambleton, Mr. John M. Nelson and Mr. J. BAI^S OF STOCKS AT NBW TOBK BTOCK BXOHANGB. —Mr. James Crosby Brown, of Messrs. Brown Bros. & Co., active business, has been elected to the board of the Farmers' National Bank of Philadelphia. & Mechanics' Month. Charles Reid Spence, Second Vice-President of the Mercantile Trust & Deposit Company of Baltimore, died on January 31 of appendicitis after a week's illness. Mr. Spence was born in November 1864, and was therefore but Valiiat. lfumt>tr of Shares. -Mr. When the Mercanlittle more than forty- one years of age. tile Trust was organized in 1885 he entered its employ as bookkeeper. Within ten years he advanced by successive steps to the office of Vice President, held by him at the time 1903. 1904. July. Actual. Par. Values. Number of Shares' Actual. Par. _ 698,596,388 14,803,788 1,379,487,900 1,018,041,179 663,916,861 14,370,948 1,851,652,500 1,006,411,400 709,864,318 18.767,264 1,712.043,600 1,102,487,948 10,795,453 1,008,669,825 13,462,394 1,187,670,700 Angnst 13,474,789 1,070,701,960 Sept. Sdqr. 43.701.447 3,921,326.250 2,454,970,148 40,070,154 3,730,740,625 8,734,216,806 721,047,698 665,509,978 840,001,400 Oct... 32,574,449 3,046,463,376 3,100,497,681 12,806,893 1,208,379,660 Nor.... 81,081,086 :<,048,035,200 2,717,691,49f' 10,T30.97e 940.133,876 beo.. . 38,092,821 2,633,318,000 1,980,977,9a-. 16.328,143 1,427,737,650 4th qr, 98,648.336 S,726,836,475 a,808,l67.14e 38,858,015 3,586,239,676 2,126,649,079 of his death. 1004. 1006. 20,792,658 1,981,164,490 1,874,670,48^ 18.868,084 1,150,581,075 Jan 666,948,026 Canadian Bank Clearings.— The Clearings of the Canadian The following compilation covers the clearings by months Banks for the month of January, 1905, show an increase since July 1, over the same month of 1904 of !t2-9 per cent. MOHTHLT OLBABIHOa. January. Clearings at— In. OT 1904. 1005. Dec. % 96.949.202 Montreal Toronto Winnipeg 2»,27n.lP3 Halifax. 7,310,<|'5 Ottawa 9,044.346 6,681,651 1903. 77.6«8,912 -I-82-9 67,162,794 +28-e 21,48»,08v 6,b22,141 +b-C 89,870,71P +5-8 75,7.'<2,31ii 19,046.633 7,8e5,8ii5 Vancoaver Hamilton 6,48U,0U 5.a7o,0 9 St. John London — 4,16S,227 4,1-42.780 +9-8 361 '".91« +Z2-4 Victoria 3,205,e88 2,5t 9.974 +28-8 8,786.3e6 6.774,593 4,6b0,4e8 4,876,347 3,630,231 3,619,892 2,602,886 254 3S7,866 206.9-l,7';8 +22-9 2i6,3li!,900 Qaebec. Total Canada The clearings for the 8,66.i.P76 5,413,93- +22'S 6,231.271 +2i-9 4,6-3.40<' 3,790,359 week ending Jan. 28 1902. $ 76,995,538 64,211,627 14,363.381 8,440,112 7,lwB,7r9 4,931.086 3,!r47,46H 3,832,-<r63 3,:;3tf,394 2,7g3,5si 189,841,0 9 make a very favorable comparison with the same week of 1904, the increase in the aggregate having been 30*5 per cent. Week ending January OleariMgt aU- 1905. 19,61H,8P3 19,1-3 461 6,229,488 1,-H,^,mO Montreal Toronto Winnipeg Halifax Ottawa. Inc. or Dec. 1904. 16,993.3C6 % --14-8 ia,iiMl,90i +58 f 4,202.'; 52 4-24-1 1,2-4,' 3(/ + 100 -i-36-1 28. 1903. 10.00'',23e 14,624,2-6 3,f 68,710 1,454,151 1,618,736 15,210.442 11,9«9,2"4 2,3t<4,332 1,602,353 1,398,909 1,3M .62; 1,135, 81 4-23-2 l,146,78t- +31-2 J. 071,391 714,!i7a Hamilton. 1,153.61>- 1,0356«1 865,333 -1-348 1,030,461 -l-ri-3 689,609 oio.ewo -t30-5 Victoria 608 634 7«7,77e46,0«l 43^,820 e3.482.3»8 40,968,551 758,7(^0 Total Canada -fl7-3 -l-vO-4 . September 63,416 638,453 584,8»1 • 46,695,479 466.320 85,822,050 -1-2 -t-8-3 9,176.620,544 -)-25-4 4,033,032.173 8,943,245,341 12,505,312,780 4,167,658,809 8,561,950.253 -(-170 December. I2,t 8,160,»73,696 -H53 9,295,356,2S3 +3 4,a03,S20.767 3,7fc7,721,6b8 -I-13-3 04,768,414 1 4th guar. 36,819,«76,t69 26,641,750,523 +S8-2 2,501,520,719 11,302,017,182 1003. 1004. 1005. January. Il,*48,li97,17f 9,451,!i78.882 +25-3 4,lla,-<:72 623 1904, 3,769,762 283 -(-10-6 -f9-4 The course of bank clearings at leading cities of the country for the month of January in each of the last eight years is shown in the subjoined statement. OITIES IN JANUARY. 1902. 1901. 19C0. 1899. 9 6,929 7,401 4,665 5,691 BANK OLBABIBOS AT LEADING 1906. 9 1901. 1903. 9 9 Sew York... 7,735 6,691 7,186 760 729 814 OhloaKO 670 686 667 BoBton 494 645 556 Philadelphia 215 242 285 8t.LoalB.... 195 160 195 Plttebursh.. 128 127 138 SanFran'oo. 106 101 108 Baltimore... 107 100 108 Olnolnaati... Kansas City. Oleve^ind'. .. S"-" by telegraph from the lead- "nTanapoUs will be observed that as compared with the Richmond.. corresponding week of 1904, there is an increase in the aggregate of 33 -7 per cent. So far as the individual cities are concerned. New York exhibits a gain of 55 6 per cent, Boston 50 per cent, Philadelphia 140 per cent, Baltimore New Orleans 161 per cent and Chicago 18'0 per cent. records a loss of S8'9 per cent and St. Louis lG-8 per cent. 0-6 10,307,991,6)6 10,370,698,263 + NoTember Sr««- ing cities. +S-2 October... ll,509,896.7fl6 Detroit It -I-20 3,382,381,010 8d guar.. 25.512,659.446 25,S04.5t-4,ei9 Clearings by Telegraph.— Sales of Stocks, Bonds, &c.- roXvliie Tha subjoined table, covering clearings for the current week^ nsually appears on the first page of the Chronicle, but on account of the length of the other tables is crowded out once a figures are received 3,256,684,317 7.921,228.126 New Orleans The +1-1 3,363,4(9.011 7,673,849.870 +15-8 3,489,571,152 8,008,063.912 Minneapolis. month. -8 6 3,731,732,927 0,709,506,628 8,844,278,8 Ui P.Ct. -6-8 3,466.961.458 8,680,311,721 omittea.) 2,04a,2;i2 895.818 York. t $ $ July August.. (000,000* 9 Quebec vanconver John London ifev> 1903. 1904. P. at. 1003. 1004. 1902. 1,473,786 1,251,117 997,119 St. hearings Outside Clear inge, Total AH, Month Memphis.... Seattle 8. Lake City Hartford.... cities.. Total 89 71 62 77 46 53 95 60 63 118 42 46 61 233 199 106 107 90 90 62 61 74 69 44 IS it It if ii SO ft II 28 19 21 16 14 14 l^ 28 21 16 12 16 14 94 69 70 96 50 24 28 19 17 14 11^7 Total Other all... OutsiaeN.V: 734 648 6iO 830 11,847 4:112 28 23 29 17 14 12 $$ $« 3,690 429 608 327 126 80 65 83 43 53 40 43 552 611 416 144 98 67 107 68 47 42 42 53 36 35 II II It 14 11 619 663 460 179 169 91 103 89 75 68 47 60 44 41 589 692 418 145 180 83 It II 17 18 17 9 14 13 1898- 92 73 68 49 " 16 18 13 67 44 31 S3 63 31 30 16 11 11 8 5 10 14 11 14 6 7 13 15 7.301 8,217 5,769 ^885 330 278 236 9.461 11,089 10,669 10,708 8.760 31908 8.730 3.307 7,631 2,966 8,493 2.802 6,006 2.318 8^946 10,601 10.229 10,343 801 488 430 — Feb. 1 THE CHRONICLE. 1905. 4, NEW BOSTON, PHILADELPHIA, We • , 571 YORK, BROOKLYN AND ST. LOUIS. all the trust companies in Boston, begun some three years ago. The a practice This is in of continuation Philadelphia, statements occupy altogether over twelve pages. No one needs to be told that the trust companies have become an exceedingly important body of financial institutions ; nor yet that their operations have risen to great magnitude, and are assuming steadily increasing prominence in the financial world. As a matter of fact the growth and expansion of these institutions have been one of the most noteworthy features of recent times. For these reasons the compilations we present ought to famish below complete comparative statements of the condition of New York aiid St Lonis. be interesting for present study as well as useful for reference. The dates selected for comparison are December 31 1904, June 30 1904 and December 31 1903. In the In the case of the Boston, the case of the New York companies the returns are uniformly of these dates. Philadelphia and the St. Louis companies, we have sought to get figures for the same dates and have quite As, however, the fiscal periods of these companies do not all correspond with those dates, largely succeeded. for those dates are required by the State authorities, several of the Boston companies and and no returns a number of the Philadelphia and St. Louis companies have not found it convenient to compile statistics to December November 31, but have furnished instead the latest complete figures available —usually either the close of or the close of October. Boston Companies. ADAMS TRUST Eksoukces— BOSTON SAFE DEPOSIT CO.* (BOSTON). & TRUST (BOSTON). Rbsoubces— Ocjt.31,'04. $579,(^5:^ Ape.15,'04 $516,600 3,878.021 40,000 7,352 1,093,264 3,496,015 45,000 6,314 1,042,644 $5,598,589 $5,136,473 Dec.31,'04. Ape. 15, '04. $724,609 Massachusetts bonds at par... $550,000 $650,000 2,858,255 City bonds at par 224,000 240,000 15,000 Railroad bonds at par 600,000 600,000 4,833 Loans 10,324,298 9,765,868 6.i5,479 715,005 Cash in office 490,207 Cashinbanks 1,763,961 1,696,074 $4,317,702 Other assets 24,487 32,752 Capital stock $1,000,000 Surplus and undivided profits. 332,004 Reserved for taxes 23,000 Deposits 4,243,535 $1,000,000 301,023 11,000 3,824.450 $1,000,000 299,197 20,000 2,998,505 $5,136,473 $4,317,702 Bonds and Btooks „. Loans.. Safe deposit raulte. . .. Expenses and Interest paid.. Oaab In office and banJu Total , .... : Oct. 31. '03. Dec.31,'03. $550,000 240,000 600,000 9,479,494 603,176 3,277,259 Liabilities— Total * $5,598,589 Opened for business October 21, 1902. AMERICAN LOAN & TRUST CO. (BOSTON). RBBOUBCKSJak.2,»05. Railroad and other bonds $1,949,375 Time loans on collateral 4,530.550 Demand loans on collateral... 2,065,593 Oasli on hand and in banks... 2,712,653 Total JAN. 1, '01. $1,938,000 3,599,377 2,521,644 1,712,796 3,980,166 2,297,730 1,813,085 $9,771,817 $10,066,243 .....$11,318,171 ,.. J0LT1,'O4, $1,975,267 LiABiurrEa— Capital stock Surplns fund Total $14,142,225 Trust department (additional) $8,840,686 LIABILITIES— Capital Stock $1,000,000 Surplus fund 2,000,000 Profit andloss 185,326 Deposits 10,956,899 $13,374,901 $8,522,847 $14,749,929 $8,527,967 $1,000,000 1,500,000 671,355 10,203,546 $1,000,000 1,500,000 568,125 11,681,804 Total $14,142,225 $13,374,901 $14,749,929 Trust department (additional) $8,840,686 $8,522,847 $8,527,967 CITY TRUST CO.* (BOSTON). Rbsoubces- Dec. Massachusetts bonds Other bonds and stocks 31.'04. $236,000 1,656,170 5,807,740 4,005,226 2,496,352 Collateral loans Personal loans June30,'04. Deo. 31, '03. $256,000 $354,667 1,475,564 1,605,262 3,300,340 4,100,965 3,606,485 1,513,191 2,650,784 2,101,664 $1,000,000 Cash on hand and in banks... 1,000,000 Undivided profits 517,247 Total $14,201,488 $11,289,173 General deposits payable on Liabilities— demand 7,254,570 Capital stock 8,689,875 7,496,786 $1,000,000 $1,000,000 Surplus fund 1,000,000 1,000,000 Total $11,318,171 $10,066,248 $9,771,817 Undivided profits 319,813 267,225 Note —Company declared 8% on its stock in both 1904 and 1903 and Deposits 11,881,675 9,021,948 7% in 1902. Kate of interest on deposits of $500 and over is 2%. Total $14,201,488 811,289,173 $1,000,000 1,500,000 128,296 $1,000,000 1,000.000 569,462 BAY STATE TRUST CO. (BOSTON). Resources— Jan. ii.'os. $2,886,077 859,375 200,000 845,053 Thne loans Demand loans Maseaobusetts bonds Other bonds Real estate.... 2.50,000 Cash in office and banks Expense... 1,093,106 4,449 Total LlABrLITlEB Capital stock „,.. Surplus fund Eaminfjs undivided... Deposits $6,138,060 $.500,000 300,000 219,067 6,118,993 JutT $6,138,060 or over. JAN. 8. '04. $2,665,324 852,900 200,000 543,835 250,000 984,815 108 13 $5,777,261 $5,496,982 $500,000 300,000 205,428 $500,000 300,000 173,204 4,771,833 4,523,778 $5,777,261 $5,496,982 Stocks and bonds Furniture and fixtures ... Cash on hand and iu banks... Other assets Total 247,405 5 128,224 10,50u 212,194 1,775,973 231,395 12,000 181.701 19,300 Oct, 31, '03. 5 1,751,807 I 2.'i8,367 194,508 12.750 286,829 Capital stock Surplus Undivided profits Deposits $2,326,543 $2,220,369 $2,504,261 $300,000 200,000 ,..11,126 $300,000 150,000 59,030 $300,000 1,815,417 1,711,339 30,348 2,023,913 $2,326,543 $2,220,369 1904. $137,068 $2,504,261 1903. $165,000 28,248 25,513 32,968 24,480 <7%)21,000 (6i«%)19.500 for Calendak Ykab- Gross profits for year Interest credited year.... Expenses Amount stock Commenced business February COLUMBIA TRUST CO. (BOSTON). Resources— Deo. 31, '04. City bonds $20,000 ... Loans 38'i,902 Real estate 5,000 3,000 7,400 24,856 35,111 Furniture, etc Safe deposit vaults Cash In office Cash In banks , Total __ Amount deposits .*.*.' receiving interest.'.!! Bate of Interest paid on deposits AU. 2% Jone30,'04. DEC.31,'03. $10,000 $10,000 414,501 412,292 1,000) 4,000 3,000 i 7,400 7,400 25.537 32,247 32,648 28,941 $481,269 $494,086 $494,880 $100,000 351,153 $100,000 31,803 362,283 $100,000 28,970 365.910 $481,269 $494,036 $494,880 LiabilitiesSurplus and profits Deposits :so,116 COMMONWEALTH TRUST CO.* (BOSTON). Resources- Dec. 31,'04.>t^24,150 Bonds and mortgages Amoimt loaned on collaterals 1,265,:<94 3,917.615 270,000 Real estate (estimated value) ("ashonhand Cash ondeposlt Other assets 434,'.^41 924.414 9,364 1.^0,000 depositors' dnrlne of institution same period of dividends on company's of $500 10, 1902. Amt. loan'donpers. eeourities LlABIXlTIES— Total Statistics * Total Deo. 31,'04.Apk 15,'04. 1,72^,220) $9,675,739 8, '04. $2,639,032 650,752 200,000 1,049,410 250,000 988,054 BEACON TRUST CO. (BOSTON). Resources— Time loans Demand loans... $1,000,000 1,000,000 209,267 7,466,472 Note—Coinpany allovs 2% Interest per annum on balances Capital stock TotaL $9,675,739 All. 2% Total $7,245,178 Liabilities— Capital stock $1,000,000 , Surp]u.9 and undivided profits Geu. deposits, payable on demand Due trust companies ' Due savings bHuks Due banks and bankers - — ' ....— $7,245,178 Total Note.— Interest at the rate of 2% • Began business April 28, l'"*' 652. .'595 6,311,047 113,189 38,459 229,888 is paid on deposits. .-'- THE CHRONICLE. 572 COPLEY TRUST Resources— NEW ENGLAND TRUST CO.* (BOSTON). Apr. 15, '04. Dec.31,'03. $12,500 $76,775 $71,975 287,000 roo ^^i 5 226,500 o-^**'**^ 240,0C0 1 337,000 6,818 15,224) c^c fio J b^b&b ^18,762 111.472 J 8,083 22,483 Oct.31,'04. Bonds and mortgages. Amount loaned on collaterals > Amonnt loaned S corporations.. Cash on hand Cash on deposit Other assets Resources- Surplus and undivided profits.. Deposits $500,000 $300,000 110,533 100,431 500,000 129,652 124,943 Capital stock 4,219 60,861 $565,080 $711,014 •Commenced business In Feb.,ls^C3,a8the "Copley Square Trust Co.'' On Nov. 30, 1904, the company went into liquidation and the assets of the institutit n were purchased by the Old Colony Trust Co. $754,595 Tota' FEDERAL TRUST CO. (BOSTON) Dec. 31.'04. June30,'04. Di'C.31,'03. $S26,05i $326,524 $315,894 32s,260 379 901 323,40 ResourcesReal estate mortgages Stocks and bonds » 1,852,601 114,748 299,474 4,393 1,764,342 2.158 336,589 4,316 $2,923,530 $2,821,260 $2,878,524 $500,000 100,000 27,895 13,692 $500,000 100,000 49,594 20,203 $500,000 100,000 48,774 14,845 2,281,525 2,150,865 2,214,377 418 593 528 Loans Cash on hand Cash on deposit Taxes paid Total Deposits in trust Gen. dtp. payable on demand. Dividends Total 1,771,898 125,427 141, ia7 207,198 11,528,741 739,158 5,509,784 390,023 10,151,232 147,725 3,490,356 362,594 $24,942,109 $26,355,297 $22,704,186 $1,000,000 1,800,000 Undivided profits 328,399 Deposits In trust 6,149,738 Gen. dpp. payable on demand. 15,495.044 Other Uabllitles 168,928 $1,000,000 1,800,000 352,006 $1,000,000 1,800,000 286,926 5,455,219 13,998,597 163,444 collateral and personal securities 11,365.225 Real estate 752,265 Cash on hand and on deposit. 4,134,945 Other assets 380,103 Total Capita! stock Surplus fund p. o. on its Resources- Dec.31,'04. Heal estate mortgages Stocks and bonds June30,'04. Nil. Dec $362,517 Nil. $5,583,940 4,457,471 Loans on coUateral. Loans on personal securities.. 4,367,514 800,000 Banking house Cash on hand and in banks... 3,363,478 25,051 Other assets 5,531,991 4,414,907 4,138,061 800,000 2,502,101 Total $18,597,454 Trust department (additional). $1,258,465 $17,387,0ii0 5,493,098 2,947,670 4,257,219 800,000 2,071,685 Nil. Nil. $1,616,413 31, '03. $15,932,189 $1,520,086 Liabilities— $1,000,000 3,000,000 Undivided profits 506,329 Gen. dep. payable on demand. 14,091,125 Capital stock Surplus fund Total $18,597,454 Trust department (additional). $1,258,465 Note.—Company paid 16 p. c. on pels Interest at the rate of 2 special rates on time deposits. $1,000,000 3,000,000 529,502 12,857,558 $1000,000 3,000,000 425,8.'M 11,506,338 $17,387,060 $15,932,189 $1,520,036 $1,616,413 Oct. 31, '03. $16,077,177 1,000,000 5,008,454 1,175,000 1,809,003 5,929,352 $39,604,817 $30,950,331 $30,998,986 Earnings undivided $1,500,000 5,000.000 415,648 Deposits 32,689,lt;y $1,500,000 5,000,000 357,4H6 24,092,865 $1,500,000 5,000,000 251,036 24,247,950 $39,604,817 $30,950,331 $30,998,986 Real estate Cashin office. Cash in banks Dec. 31, '04. June30,'01. Dec. 31, '03 $ 9.700 $33,200 $45,800 50,500 Bonds 50,500 50,^00 904,678 Loan* on collateral 858,394 810,635 113,823 109,240 Loans on persobalsecuritleB.. 88,991 72,75.i 64.700 Cash on hand 51,701 77,983 105,896 Cash on deposit 153,445 Other assets .. 2,000 9,422 2,000 ' Total $1,261,437 $1,236,352 $1,203,072 $100,000 50,000 12,3i7 $100,000 40.C00 12,486 $100,000 40,000 11,931 1,097,120 2,000 1,065,732 18,134 1,049,141 2,000 Liabilities— Capital stock Surplus fund Undivided profits Gen. dep. payable on demand. Other liabilities Total $1,261,437 Statistics for Calendar Year— Interest credited depositors during year... Fxpenses of institution same period Amount dividends on company's stock Amount of deposits recelvlig interest Rate of interest paid on deposits... $1,236,352 Note.— Company paid 12% on & Ind'ls 1903. $16,800 18,000 4,000 830,000 $16,500 16,100 4,000 825,000 2% 2% Cash on deposit Total 2,619,384 919,224 i nno 4Qft A,o»»,4-so 1,829,985 53.'S,271 J J 109,143 405,167 $5,1:6,491 $5,424,129 $3,283,80^ $500,000 $.500,000 20;, 000 3,152 4,433,339 300,000 35,988 4,588,141 $500,000 300,000 - BurpluBfund Undivided profits Gen. dep. payable on demand. $5,136,491 $5,424,129 stock in both 1904 and 1903. . Loans . Dec 31, '04. June30,'04. $171,869 $13rt,297 Dec. 31, '03. $119,597 2,321,160 21,388 27.124 19,399 4,485 2,391,903 13,068 28.624 11,570 1,440 1,245 2,406,379 13,457 30,124 14.084 1,735 1,036 474,1.61 103,625 453,289 133,280 506,811 $3,167,082 $3,141,121 $3,227,278 $200,000 130,000 462 21,815 $200,000 110,000 16,999 $200,000 130,000 24 16,814 18,415 2,796,v<88 2,775,206 19,640 18,723 2,878,324 6*2 206 570 92 555 36 $3,141,121 $3,227,278 Real estate Bank building Expense account. Interest paid 745 Overdrafts Profit and loss Cash in office Ca;h in banks 775 126,851 Total T TATITT TTTTt'Fl Capital stock Surplus fund Profltandloss Earnings undivided Discount Deposits Exchange account Dividends unpaid Total $3,167,082 STATE STREET TRUST CO. (BOSTON). Apr $5,605,3*7 564,135 1,376,396 15 '04 $4,733,225 395,1»7 1,051,876 Oct. 31. '03, $5,035,370 417,020 999,061 Total $7,545,878 Trust department (additional) $908,877 $6,180,298 $d58,426 $6,451,451 $600,000 4tH,494 $600,000 437,229 $600,000 420,313 6,497,384 5,143,Oo9 5,431.138 Oct.31,'04. Loans Bonds and stocks Cash in ofllce and banks Capital stock Burplus and undivided profits. Deposits $870,834 Total. $7,545,8^8 $6,180,298 $6,451,451 $870,834 $858,426 $908,877 2% per annum is paid on deposits of $300 and upwards; special rates on time deposits. Trust department (additional) Note— Interest at the rate of UNITED STATES TRUST CO. (BOSTON). Resources— Dec Dec. 31. '03. $900,538 31. '04. June30,'04. Stocks and bonds $788,000 Loaus Cash 3,076,000 $ti92,000 2,81'\0 lO 8t'0,000 5S8,000 2,401,364 584,099 $4,664,000 $4,090,000 $3,886,001 $200,000 400,000 52 000 4,012,000 $200,000 400,000 29,000 $200,000 400.000 $1,203,072 Apr. 15,'04. *Oct. 3l,'03_ $83,973 :f44,755 $86,945 309,886 702,112 317,292 2.803,227 1,024.340 389,392) 474,891 J its PURITAN TRUST CO. (BOSTON). Resources Bonds and stocks Liabilities— Capital Htock Surplus fimd Undivided profits Gen. dop. payable on demand. Total. $4,664,000 Statistics for Calendar Year— Amount dividends on company's stock Rate of Interest paid on deposits U,68l 2,467,122 $3,283,803 • The figures for Oct. 31, 1903, are prior to the absorption of the Maseaohusetts Trust Co., which occurred In January, 1904. ti9i>.L 3,461,000 10,239 3,275,762 $4,090,000 $3.8f«6,001 1903. 1904. 100^ 10% 2% ' 2% WASHINGTON TRUST CO (BOSTON). Oct. 31, '04. Real estate mortgages Stocks aurt bonds Loans on collateral Lians to corporations Capital stock Surplus fund Total 1901. MERCANTILE TRUST CO. (BOSTON). Resources— Liabilities— stock in both 1904 and 1903. paid on deposits subject to check; Resources- 2% Oct. 31,'04. Apr 30, '04. $21,500,264 $16,109,222 .. 1,< 00,000 1,000,(00 4,362,333 4,449,828 1,175,000 1,375,000 1,403,122 1,767,402 6,813,159 9.599,818 Loans Massachusetts bonds at par Other bonds and stocks Resources— Real estate mortgages $22,704,186 1903 $314,704 15,735,200 OLD COLONY TRUST CO. (BOSTON). Resources— Its MATTAPAN DEPOSIT & TRUST CO. (BOSTON). 6,2 >5,548 16,787,140 160,603 Total $24,942,109 $26,355,297 Statistics for Calendar Year— 1904. $316,S95 Interest cre.iited depositors during year ... Amount dei)08it8 receiving interest 15,819,732 Rate of interest paid on deposits 2% Total $2,878,?»24 $2,923,530 $2,821,260 stock in 1904, and 4 p. o. In 1803, INTERNATIONAL TRUST CO. (BOSTON). Total 31, '03. upon Total Surplus fund Undivided profits Liabilities Capital stock Dec 5,9ti3,962 Loans Liabilities— Capital stock Oashonhand JnNE30,'04. $2,223,628 $2,885,900 5,666,370 $2,287,028 6,022,543 Liabilities— Liabilities— Company paid 5 CO. (BOSTON). Dec. 31.'01. Real estate mortgages Stocks and bonds $565,080 $711,014 $754,595 Total [Vol. lxxx« * Resources— Tlin'^l>ans Demand loans. Ma.'Sachus tts bonds ($50,000). (laMh in otlloe and banks P'urnlturo and fixtures , Expense aocouni. Interest paid on deposit! Total Jan. 17, '05. $1,310,480 220,401 48,125 398.491 12.706 11,613 2,684 $2,004,400 Liabilities— Capital stock surplus Earnings undivided Deposits Commenoed 1,224,40? $2,004,400 Total. * $500,000 250.000 29,991 business October 1, 1904. . Feb. THE CHRONICLE. 4, 1905.] 573 Philadelphia Companies. American Trust Company (Philadelphia). Dec. 3 1 '04. Mat 31, '04. Nov. 17, '03. RE80IJHCE8— , Cash on hand Duefrom banks, etc Oomm'l & other paper owned. Loans upon collateral Stocks, bonds, etc Mortgages Real est., furniture Other assets & fixtures Total $14,752 95,393 21,930 231,910 213,442 122 132 85,8x7 2,973 $17,113 63,156 44,-23 169,750 224,306 75,s98 85,216 2,971 $18,714 54,208 30.043 208,512 200,756 84,590 78,547 $788,419 $683,234 $677,563 $200,000 47,835 532,584 $200,000 49,902 433,332 $200,000 Deposits Dividends 52,3 8 425,185 $683,234 $783,419 & Central Trust Besoubces— $577,563 Savings Co.* (Philadelphia), Dec 31, '04. Jdne30,04. Dec. 31. '03. stock investments Amt loaned on collaterals. Real estate . Cash on hand Cash on deposit To'al $360,366 $315,702 $213,363 1,945,194 I,b28,a88 lt>0.763 1,615,619 7r ,089 105,763 280.324 90 515 181,929 46,610 13i,576 $2,852,410 $2,280,854 $1,761,462 $500,000 150,000 20 872 $500,000 125,000 $500,000 2,181,538 l,636,3i^0 1,13 s47H 1,000 $2,280,854 1904. $47,888 J 6,900 24,000 $1,761,462 1903. §*22,984 41, .^25 Liabilities— Capitul stock Surplus fund Undivided profits Gen'l deposits pay. on Other demand Total $2,852,410 Statistics fob Calendar Year— Total amount of profits during year Interest credited depositors same period... of institution same lOO.OOi* 22, 9-14 19,551 liaDiiitles Expenses i;erlod. 5,41 1> 12,084 Amount of dividends * Commenced business April 15, 1903. 4 For im c. p. c. City Trust, Safe Deposit & Surety (Phila.). Nov. 21, '04. Mat31,'04. Dec. 31, '03. $83,724 Cash on hand $7;. 0.^0 $87,368 Duefrom Loans upon collateral Stocks, bonds, etc Morcsrages Real est'e, furniture & fixtures Other assets 213,938 l,50.^,837 l,361,9t>7 30,900 507,837 391,484 345.072 30.950 516,753 437,028 3^3.171 33,000 521, 85 481,522 $3,374,672 $3,177,404 $3,048,507 $500,000 250,272 29,494 $500,000 269,864 18,788 $500,000 2,581,861 13,045 2,387,960 10,792 53,219 2,215,088 16,894 $3,374,672 },177,404 $3,048,507 3.'S0,071 Total Liabilities— Capital stock. Surplus and reserve fund Undivided 269,714 640, "^18 1,366,094 banks, etc profits. Deposits Other liaoilities Total Colonial Trust Co. (Philadelphia). Resources— DEC. 3 1 ,'04. June 30,'04. Real estate mortgages. Stocks and bonds Loans on collateral Real est., furniture & fixtures. Cash on hand and in baoks Commercial & otn.paper own'd Other assets Total $5. 50 213,200 515,642 140,966 95,755 $5,.5.50 39,566 164,903 451,720 115,966 55,793 61,306 23,a39 $1,106,517 $878,462 9=>,838 Liabilities— Capital stock Surplus and undivided profits. General deposits Other liabilities Jdne30,'04. $373,947 Bonds Loans on collateral Real estate 1,55 ',204 $250,f $250,000 264,189 591,395 933 f 169.920 455,954 $1,106,517 Capital stock paid In Surplus and reserve fund Undivided profits Deposits Total Company paid 12 Nov. 17,03 $3,< 50 106,770 458,094 112,016 96,033 23,09O 1,979 $801,082 $250,000 26,266 523,^-28 888 $878,482 $£01,082 . Miscellaneous assets Total Liabilities— Capital St ck Surplus & undivided profits... Deposits Miscellaneous liabilities Total 4K8,7» 8 280.0/i8 180,<>00 ... Nov 17,'03. $22.=i.025 .^2,545 p. c. 556,590 Total Capital stock reserve fund. Undivi'd prof. Dividends unpaid Deposits special Gen. dep. payttbl« on demand. Deposits i'pe' ial settlement... & — Total Liabilities— Capltalstock Surplus and reserve fund Undivided profits Deposits suhject to check Other liabilities $2,074,653 $400,000 185,00« $400,000 167.448 $400,000 2,009,575 37.215 1,791,902 14,070 1,492,562 31.232 $2,631,798 $2,373,420 $2,074,6^3 l.'S0.M.'i9 Total Total $771,550 432,091 $845,564 432,091 1,7^2,090 511,445 1,629,957 460,785 324 '/ei 458,505 470,601 441,358 $4,093,334 $3,908,101 $3,810,016 $500,000 187,194 65 $500,000 186,709 56 $500,000 174,530 49 1,201,867 2,145,154 55,538 1.159,051 1,943,620 117,950 1,990,7 3 516 715 567 $4,093,334 $3,908,101 $3,810,016 1,113,367 30,800 Equitable Trust Company (Philadelphia). Resources— Dec. 31, '04. Junb30,'04. Dec, 31, '03. $113,640 $10 ,364 $101,654 1.319,715 884.363 620,495 mortgages Stocks and bonds Loans on collateral Real estate Cash on hand and in banks other assets Total 2,962.696 519,323 606,234 151,241 2,4(il,H67 2,6 9.336 523,243 965,254 147,725 506,258 578 846 153.454 $5,672,849 $5,031,816 $4,610,063 $1,000,000 66,012 4,376,837 30,000 $1,000,000 200,000 51,043 3,750,773 30,000 $1,000,000 200,000 58,251 3,321,794 30,018 $5,672,849 $5,031,816 $1,610,063 Liabilities— Capital stock Surplus and reserve fund UndiATided profits General deposits Neit dividend 200,< Total Note 00 Company paying 6 per cent dividen'is. Interest is paid on all deposits at the rate of 2 per cent on sight deposits and 3 per cent on two weeks notice. - is Excelsior Trust & Savings Fond (Phila.). BesourcesNov. 21, '04. Junk30.'04. Dec, 31, '03. r'ash on hand $25,.'^ 52 $14,950 $1\3?0 Due from banks, etc 3>*.3<7 8 6><4 48,976 • , Loans upon 117,555 242,371 239.725 ?4.4S1 44,575 collateral......... Stocks, bonds, eto Mortgages Real est., furniture Other assets & fixtures. Total Liabilities— Capltalstock Ui dlvirt. profits & reserve fund Deposits Resources— 150.765 110,908 172,436 203,650 34,267 3.331 230. P31 243 950 34,688 $772,943 $713,521 $5SO,888 $150,000 16,411 606,532 $150,000 11.247 552,274 $150,000 10.126 430,762 $772,943 $713,521 $590,888 $l,55'>,74'j $1,617,796 11,912,101 14,0^5,634 1,304,404 7H^,825 4,S51.899 46,824 9,915,651 11,237.742 ll,f^>^5,739 Total Liabilities — Capital stock Surplus fund Total $34,230,318 Real estate h04,.'=,65 47.090 734,6 8 2,043,947 7^,687 $34,230,318 $23,574,051 $28,536,851 $2,000,0"0 5,000.000 Undivided profits 1,352,900 Deposits payable on demand.. 25,805,816 Other liabilliies 71,602 $2,000,000 5,000.000 902,^37 20,633,824 37,690 $2,000,000 4,500,000 l,0r9 622 20,895.619 71,610 $23,574,051 $28,536,851 . Nov. $1,000,000 1.000,000 $1,000,000 1,000,000 3ti7 .=).'S0,215 11,526,694 124,388 8,16i,i91 $16,140,0i9 $14,140,449 $10,941,909 230 503 21. '04. S5,8'0 571.906 etc Loans upon collateral $1,000,000 1,000,000 5 1,885 13,485,477 82.6S7 4,158,' 8 Finance Co. of Pennsylvania (Phlla.). Com'l and other paper owned. $10,941,909 11,474,439 905.1.^4 754,541 2,061,254 66.148 $14,140,449 31, '03. June30,'04. 7,568, 8.=iO 215, 5v8 402.692 Dec Dec. 31, '04. $1,309,631 Real estate mortgages Stocks and bonds Resources$.54,5t)3 Cashonh^nd 572.8'4 Due from banks, $16,140,049 489 ^^ m47 Other liabUitles Other assets.... $2,3737420 & 126,846 5.034.020 2,709 .^32,216 1,790.37^: 447.7' >5 Cash on hand 284,t^68 Cash on deposit $2,631,798 etc Loans upon collateral 10,1->1..349 Stocks, bonds, etc 2,532,3 i4 Furniture, fixtures vault.... 63,148 Real estate 269,732 Other assets 212,2^4 60.5.1 6,010,098 2.026 $1,000,000 1,000,000 80.365 4,597,502 42,102 Liabilities— Loans on collateral 3,192 22,101 «79,683 3.472.825 7,601.619 2,558,931 ;4,648 217,513 145,225 l,00t),000 $754,S00 Loans on collateral Cash on hand and in bank Overdrafts Other assets 241.265 305,690 24,814 $54,423 2 856,819 $1,000,000 1,1 0,t-00 $3,172,6-<5 $7,163,575 $6,719,969 on its stock in both 1904 and 1903. Real estate mortgages Stocks and bond-» Commercial Trust Co (Philadelphia). Dec 31, '04. June30.'04. Dec.31,'03. Resources— Oashonhand Due from banks, $1,000,000 Fidelity Trust Co. (Philadelphia). 1H0."00 311.299 26.156 3' $6,719,969 Continental Title & Trust Co. (Phila.). Dec. 31, '04. June 30,'04. Dec. 31, '03. Besources— Columbia Avenue Trust Co. RESOtTBCESNov. 21, '04. Cash on hand & due from banks $449,428 Co mm'l & other paper owned. 143,728 Loans upon collate al 19^042 Loans upon bonds and morts.. 561.618 Stocks, bonds, etc 51.%885 Mortgages .. 278,777 Banking house, furniture, etc. 180,000 Oiher real estate 2^5,506 $7,163,575 2«:-t,3y6 2,608 (Phila.). MAT 31,04. $289,745 140,4^9 315.210 374,117 $8,172,685 505.3« TjTARTT TTIES—^ Total Total 1,996.602 2,394.337 1,564,526 178,543 150,320 158,127 774,141 170,611 Total Dec. 31, '03. $212,762 1,639,779 2,389,177 1,612,958 165,147 424,046 276,100 Cash on hand Cash on deposit Other assets tteal estate BB80URCE3— (Phila.). 31, '04. All 2 and 3 mouths. 2 and 3 p. & Trust $456,331 2,681,400 2,381. H71 none declared same period. Amoiint deposits on which int. is allowed. Bate of interest Dec Resources— Other llabiUties 8,000 Total Title Insurance Real estate mortgages 2,lt^3 Liabilities— Capital stock Surplus and undlv. profits Commonwealth 15,<'00 I,lf0,91l 6,al4 795 27„500 4 469 Stocks, bonds, etc Mortgages Otuer assets Total Mat 31. '04. $5 2"0 540 027 50,000 949,528 Nov. 17. '03. $7,675 691,8-1 103,134 H2.312 6,5H7,40t 6,2!-9,469 27 500 1.784 27,500 1,497 $8,100,431 $8,111,513 $3,043,468 $3,493,200 $3,493,200 $3,493,200 Ll.\BILITIE8 — Capltalstock Unillvlded profits Deposits Other liabilities Total & res. fund. 597 689, "12 975,340 2.864.634 1.420,153 2,467,e53 1,06m,997 2,791,459 $8,100,431 3,111,513 $3,043,468 767.2.57 7,30 THE CHRONICLE. 574 Frankford Real Estate, Tr. Resources— & Guarantee Trust Safe Dep. (Phlla.) 224,09 6 12,547 26,000 33.995 66,979 §15,500 J0Ne3O,'O4. $310,745 703,238 255.393 10,275 26,000 3n,440 77.725 §15,060 Dec.31,'03. $296,045 641,116 233.754 8,376 40,803 24,406 66,411 $1,492,314 $1,436,876 $1,311,411 $125,000 50,000 28,115 $125,000 35.000 33,962 $125,000 35,000 27,658 1,286,074 3,125 1,239.789 3,125 1,120,628 3,125 $1,492,314 Total $1,436,876 § Includes vaults, furniture and fixtures. 1904. Statistics fok Oalendak Yeab— Increase profit and loss for year.. $15,457 depositors during Interest credited year. 30,055 Expenses of Institution same period 11,252 Amount dividends on company's stock, 5%., 6,250 deposits receiving interest Amount 1,286,074 paid on deposits Rat« of Interest $1,311,411 Real estate mortgages Stock and bonds Loans on collateral Loans on pereonal securities.. Real estate Cash on hand Oaelion deposit Other assets Dec. 31, '04. $306,320 807,»77 Total Liabilities— Capital stock Surplus and reserve fond Unoivlded profits General deposits payable on demand and time Dividend payable , , Franklin Trust 2&3% 1903. $14,074 26,960 10,610 6,250 1,120,628 2&3% Dec. 31. '04. $27,900 91,423 , , 226,426 Cash on hand Cash on deposit Other assets 5,265 59,792 13,313 . , , $424,119 Total LiabilitiesCapital stock paii in $182,180 50,730 189,635 Surplus and undivided profits. Deposits Other liabilities 1,574 $424,119 Total * Commenced business September 19, 19C4. (Fliila.). Resources- Dec. 31, '04. June30,'04. Dec. 31,'03. $179,347 $26,739 $28,794 99.052 123,371 109,009 742,130 740,205 879,575 Stocks, bonds, etc 737,269 483,392 783,598 Mortgages 402,463 288,781 535,800 Real estate.f urniture& fixtures 275,000 275,000 255,158 Other assets 29,392 31,923 28,053 Cash on hand Due from banks, etc Loans upon collateral $2,488,447 $2,338,419 $2,227,185 $500,000 136,245 $500,000 133,753 $500,000 121.511 1,838,284 13,918 1,683,889 20,777 1,594,386 11,288 Total $2,338,419 $2,488,447 Statistics for Fiscal Yeah Ending Sept. 30— 1904. Total of profits for year .,. 105.274 Interest credited depositors during year 35,500 Expenses of institution same period c0,485 Amount dividends on company's stock 14,994 Amount deposits receiving interest 1,492,300 2 & 3% Rate of interest paid on deposits $2,227,185 1903. Liabilities— Capitalstock Undivided profits Deposits Other liabilities & res. fund. 106,f^01 32,599 30,698 14,994 1,363,313 2&3% Co. (Philii.). JUNE.30'04. Dec. 31, '03. $122,253 $91,257 $94,500 2>^4,232 385,7a7 271,576 2,479,393 2,372.350 2,121, 68H 98,000 75.300 27,500 '577.750 763,714 798,337 243,947 262,856 254,486 157.460 155.270 155,843 15,015 12,880 Dec Cash on hand. Due from banks, etc Loans upon collateral Loans upon bonds and mtges. Stocks, bonds, etc Mortgages Real est furniture Other assets , & fixtures. Total 31, '04. $4,279,555 LiabilitiesCapitalstock Surplus and profits Deposits $000,000 Total $4,017,8.= 9 $3,723,930 522,78 8 3,156,767 $600,000 502,032 $600,000 496,975 2,915.827 2,626,955 $4,279,555 $4,017,859 $3,723,930 Girard Trust Co. (Pliiladelphia). Resources— Dec. 31. '04 June30,'04. Dec. 31. '03 Cash on hand and in banks... $0,675,309 Loans 17,971,068 13,715,025 2,134,669 12.300 $7,860,583 15.419,918 11,179,577 2,131,523 12,3C0 $4,025,312 16,398,837 9.208,202 2,130,923 12,300 $40,508,371 $36,603,901 $31,775,574 $2,.'500,000 $2,500,000 7,500,000 1,184,694 25,169,207 250,000 $2,500,000 7,500,000 1,008,450 20,517.124 2 £0,000 Securities Real estate Other assets Total LlABILITIKS — Capital stock Surplun fund 7,500.000 1,354,570 28,903,801 250,000 : Undivided profits Deposits Dividend Total $40,508,371 $36,603,901 $31,775,574 Guarantee TruHt & Safe Deposit (Philadelphia). Nov. 21. '04. Mat 31. '04. Nov. 17. '03. Resources— Cash on hand *55,804 l,188.8n4 Due from banks, etc Commerc'l & oth paper owned 345,070 Loans upon collateral 3,075,556 Loans upon bonds and mortgaKes 68,517 — Stocks, bonds, etc Mortgages Real estate, furniture and tures Other assets Total $46,815 720,295 694,557 3.472,038 3,490.189 74,575 100,213 2,129,069 78,806 54,896 1,804,405 90,973 646.856 70,259 658,762 70,802 667,663 69,346 $7,892,102 $7,276,800 $6,925,604 2,366.»n I $1,000,000 400,000 52,757 5,819,334 4,709 $1,000,000 313,557 105,431 5,498.679 8,037 $7,892,102 $7,276,800 $6,925,604 Hamilton Trust Co. (Fhiladelphia). Resources— Cash on hand Checks and due fr. banks, etc. Com'l and other paper owned. Loans upon collateral Loans upon bonds and mtges. Dec. 31, '04. $44,432 60.467 247,735 446,159 106,300 84.466 66,600 54,145 Stocks, bonds, etc Mortgages Real est., furniture Other assets & fixtures $53,57.5 Nov. 17,'03. $68,640 77,490 247,756 199,541 64,700 111,894 56,900 52,953 Total $1,110,304 $958,490 $881,711 $200,000 39,971 870,333 $200,000 32,370 726,120 $188,750 $1,110,304 $958,490 $881,711 Liabilities— Capital stock Undiv. profits Deposits & reserve fund. & Industrial Trust, Title ResourcesJan. Cash on hand and due from Sariugs Co. (Fhila.). '05. July 1, '04. Dec.31,'03 $402,315 $380,664 $257,808 1,158,233 1,611,110 1,092,583 770,346 748,784 1,635,650 1,094.084 590,579 217,282 192,470 178,010 $4,142,896 $4,025,611 $3,756^129 $350,000 439.000 40.620 14,000 3,299,276 $350,000 415,000 40,057 14,000 3,206,5£4 $350,000 390,000 39,575 14,000 2,962,554 Stocks, bonds, etc Real estate, lomiture and 3, 25,213 667.748 I,594.'i20 banks, etc Loans upon collateral Mortgages and ground rents.. fix- tures Total Liabilities— Capital stock paid in Surplus and reserve fund Undivided profits Dividend (net) Total $4,142,896 $4,025,611 $3,756,129 c. on stock in both 1904 and 1903. Interest at the rate of 2 p. o. is paid on balances sabject to check; 3 p. 0. is paid on savings accounts. NOTE-Company declared 8 p. Integrity Title Ins. Trust & Safe Deposit (Fhila.). Resources— Dec. 31, '04. JtmE30,'04. Dec. 31. '03. Real estate mortgages Stocks and bonds $800,089 $614,253 $533,240 1,503,944 1,564,498 170.813 97,897 318,237 3,764 1,375,124 1,480,270 172,863 84 933 285,684 4.785 1,321,588 1,518.805 176,093 94,319 224,123 6,680 $4,459,242 $4,017,912 $3,874,848 $500,000 550.000 128,459 1,506,537 $500,000 525,000 127,400 1.460,794 $500,000 525,000 80,507 1,374,900 1,766.288 7,958 1,397,390 7,328 1,384,886 9,556 Total $4,459,242 Statistics for Calendar Year— Total of profits for year Interest credited depositors during year... Expenses of institution same period Amount dividends on company's stock Amount deposits receiving Interest Rate of Interest paid on deposits $4,017,912 $3,874,848 1903. $195,068 60,494 27,504 40.000 2.683.180 Real estate Cash on hand Cash on deposit Other aitsets Total.... Liabilities Capital stock Surplus and reserve fund... Undivided profits. Deposits in trust General deposits payable on demand Other liabilities 1904. $208,985 65,935 32,141 40,000 3,221.170 2 & 3% 2&3% luTestment Company (Fhiladelphia). ResourcesNov. 21, '04. Mat 31, '04. Nov. 17, '03. Cash on hand Due from banks, etc Commer'lA other paper owned Loans upon collateral $1,''14 Stocks, bonds, etc Other assets Total Liabilities— Capital stock Surplus and reserve fund Undivided profits Deposits Due banks and bankers Other liabilities Total Land, Title Resources— Cash on hand Due from banks, etc Loans upon collateral bonds and mortgages Mortgages Real est., furniture Otherassets 92,712 327,000 945,655 4,051.206 375,464 $1,773 b2,195 319,000 1,162,063 2,955.209 3&9,265 $2,501 73,185 273,115 1,316,848 2,444,307 346,956 $5,793,751 $4,859,505 $4,456,912 $2,000,000 1,000,000 119,923 563,248 2,110,000 580 $2,000,000 1,000,000 76,107 459.833 1.320,523 3,042 $2,000,000 1,000,000 164,058 617.262 670,000 6,592 $5,793,751 $4,859,505 $4,456,912 & Trust Co. (Philadelpliia). Dec.31,'03. 3,772,829 June30,'04. $268,560 2,433,813 3,663.368 2.815,887 757.493 1,0' 0.669 353,927 4,260.188 1,439.994 414.888 966.749 362,581 3.910,220 1,252,510 469,300 968,380 331,556 $12,737,930 $10,146,782 $10,339,895 $2,000,000 1,600.000 34f^,.' 35 8,792,395 $1,166,100 1,000,000 453,506 7,177,176 350,000 $1,000,000 1,000,000 $10,146,782 $10,339,869 Dec. 31, '04. $367,757 & fixtures Total Liabilities— Capital stock paid in Surplus and re.serve fund profits. Deposits Proiulam on increased capital Total $338,.^45 3,069,384 and Stocks, bonds, etc Undivided fix- June30,'04. $50,317 74,603 235,732 384,038 44,900 67,055 47,200 54,645 1,837 Loans on collateral Germantown Trust Resources- Total $1,000,000 400,000 61,073 6,428,141 2,888 Deposits German-American Title & Trust Co. Total Safe Deposit (Fliiladelphia).—(Con.) Nov. 21, '04. May 31, '04. Nov. 17, '03. Total Resources— Bonds and mortgages & Liabilities— Capitalstock Surplus fund. Undivided profits Deposits Other Uabilities 500 Co."" (Ftaila.). Stocks and bonds Amt. loaned on collaterals and personal securities [Vol. lxxx. $12,737,930 328,';68 7,661,127 350,000 . Feb, THE CHEONICLE. 4, 1905. | Lincoln Savings EESOUBCK8- & Trast Nov. 21, $3,676 56,781 91,841 5,000 9,800 224,795 35,626 22.674 Cash on hand Due from bank8 and bankers. Loans upon coUateral Loans upon bonds and mtgs... etooks, bonds, etc Mort(?agea. etc Real est., furniture Other assets & fixtures. Total Liabilities— Capital stock Undivided profits Deposits Other liabilities Total Manaynnk Trust BE80UKCER— Pa. Co. for Ins. on Lives Co. (Pliiiadelpliia). '04. May31,'0-1. Nov. 17/03. $4,608 $3,660 50.672 31,810 95,326 77,991 15.300 12,261 9,800 9,800 192,624 198,425 35,323 34,851 25,893 12,960 $450,193 $429,748 $381,753 $132,000 27,529 288,690 2,074 $132,000 32,404 263,274 $132,000 35,104 214,654 $450,103 $429,716 2,063 Total Surplus fund Undivided profits Gen. dep. payable on demand. Special deposits Other Uabilltlea Total Co. (Philadelphia). Stocks, bonds, eto Moitgages Real e8tate,furnlture<Si fixtures Other assets Total $1,344,925 $1,256,43S $1,236,758 $250,000 90,000 $250,000 90,000 17,415 347,762 633,603 6,145 $250,000 90,000 13,630 301,604 587,759 13,445 $1,344,925 $1,256,438 $1,236,758 2,769 321,509 558,809 13,671 $9,879 167,868 839,690 163,800 363,916 154,234 56,947 32,825 $10,166 182,049 830,500 157,400 278,216 153,538 49,304 $8,873 89,893 753,446 103,600 282,016 233,716 48,783 33,819 $1,769,159 $1,718,673 $1,554,146 $5fO,000 50,000 62,009 $500,000 50,000 t.7,500 Liabilities— Capital stock Surplus and reserve fund.... Undivided profits Deposits Cash on hand Checks and other cash items. Due from hanks, &o Commercial and other paper. Loans upon collateral Stocks, bonds, $682,951 $746,1.59 200 $800,283 212 2,551,519 115,000 8.450,751 8,031,168 2,779,513 2,053 1,687,901 933,985 133,747 3,126,702 65,000 7,831,359 7,661,766 2,28H,012 928,985 173,669 $23,683,834 $22,821,864 $20,534,780 $2,000,000 2,000.000 1.009,885 18,577,111 96,838 $2,000,000 2,000,000 1,099,502 17,538,009 $2,000,COO 2,000,000 1,019,679 15,452,690 62,411 &o Mortgages Real estate, furniture and Other assets fixt. Total Liabilities— Capital stock Surplus fund. Other liabilities 1,177,150 53,031 1,115,642 $500,000 50,000 54,495 949,651 $1,789,159 $1,718,673 $1,554,146 1904. Fiscal Year Ending Nov. 30— $497,173 Total profits for year during the year Interest credited depositors 410,466 258,057 Expense of institution for same period Dividends on company's stock 400,000 2% Rate of int. on deposits (Banking Department) .. . (Trust Department) do do 2%-4?6 Mortgage Trust Co. of Pennsylvania Besocbces— Mat 31. '04. $4,690 199,078 163,169 3,224,475 722,079 61,123 $9,368 55,560 231.939 4,035,240 1,898 $4,060 46,392 167.719 3,401,413 713,477 66,743 3,623 $4,376,512 $4,403,423 $4,429,787 $500,000 248,032 126,890 $500,000 245,680 95,645 $500,000 217.613 100,974 3,501,600 3,562,100 3,611,200 $4,376,512 $4,403,425 $4,429,787 Cash on hand Due from banks, eto Callloans upon coUateral Loans upon bonds and mtges. Morfg-iges.atoost] Real estate Other assets Total TjTABTLITIES Capital stock (Phila.). Nov. 21, '04. Nov. 17, '03. Resources— Cashonhand Due from banks, Nov. " Contingent fund Deposits subject to check Debenture bonds TotaL Northern Trust Company* (Phila.). Resources— es' ate mortgages Bonds & Investm't sec. owned Loans on collateral Real Real estate Cash Dec. 31, '04. Jdne30,'04. Dec 31, '03. $?62,179 $794,639 $763,979 May31,'04. $2,016 28,502 43,055 325,644 716,946 820,948 41,112 $2,674 41,952 55,466 290,833 745,474 820,948 39,790 $1,224 46,817 45,963 238,434 695.746 820,949 43,637 $1,977,223 $1,997,137 $1,892,769 $441,100 594,532 462,064 120,000 103,703 $441,100 594,532 257,039 120,000 494,066 90,400 $441,100 576,855 247,690 120,000 471,869 35,258 $1,977,223 $1,997,137 $1,892,769 Accrued storage charges Loans upon collateral Investment securities o-wned. Realestate.furniture&flxtures Other assets Total Capital stock Surplus fund Undivided profits Gen. dep payable on demand. General deposits payable on two weeks' notice Dividend Capital stock & res. Undivided profits fund. Deposits subject to check Bonds and mortgages payable Bills payable, Other liabilities 2.55,824 Total Philadelphia Mortgage Resources— Cashonhand Due from banks, Cashonhand Cash on deposit Other assets Total. Liabilities— Capital Gen. dep's payable on Other liabiUiies demand Total * Commenced business May 136,446 173,008 8«6.983 81,974 23,189 73.444 2,800 48,444 164,401 173,008 1,192,6H5 81,974 122,448 Nov.l7,'03. $1,518 57,859 2,800 48,733 178.489 173,008 1,199.124 79,154 120,613 $1,445,356 $1,860,212 $1,661^298 $500,000 80,332 $1,000,000 15,968 23.908 ICO.OOO 336,300 8S,S48 9,940 22,342 100,000 631,300 96,630 $1,000,000 3.949 14,167 21,902 100,000 640,800 80,480 $1,445,356 $1,860,212 $1,861,298 eto Loans upon collateral i,800 48,445 Mortgages Real esre, furniture & fixtures. Other real estate Accrued interest account Other assets Total Liabilities— Contingent fund Undivided profits Deposits Bills payable Company's bonds outstanding. Other liabilities Total... Phila. Trust, Safe Deposit Resources— Cashonhand Due from banks, eto & '. Ins. Co. (Phila.). Dec. 31, '04. June30,'04. Nov. 17, '03. $675,952 $684,351 $660,550 1,821.293 917,333 606,779 -... 5,342,663 267,200 300,000 37,732 $12,450,915 $11,072,954 $11,247,268 Capital stock $1,000,000 Surplus and undivided profits. 3,344,898 Deposits 8,112,473 2,237,040 20,000 Dividends unpaid 2,.544 $1,000,000 3,320,529 6,749,665 2,760 $1,000,CK)0 2,942,915 $12,459,915 $11,072,5 54 $11,247,268 $6,388,741 $500,000 675,000 103,(07 3,409,480 $500,000 675,000 48,677 $500,000 675,000 13,786 2,852,549 2,703,928 20,000 2,455,660 20,000 Mortgages Other assets Total , Liabilities— TotaL Provident Life & Resources— Dec.31,'03. .$33,100 7,511 4,111 30,812 16,775 8,836 21,552 2,821 $617,751 $460,857 $325,672 $1.=.0,000 405,686 62,065 $150,000 308,777 2,080 $150,000 171,408 4,264 $617,751 $460,857 $325,672 Cashonhand Cash on deposit Tf>tal Insurance Dept. (additional) I TARTI TTTTT' 3,261,592 6,976,540 9,136 Trust Co. (Philadelphia). Nov Real estate mortgages Stocks and bonds Loans on coUateral Real estate 60.031 160,4«0 8,153 9,020 8,386 38,213 8,288 21, '04. $344,433 5,107,818 8,777.795 30,268 187,806 1,006,570 Mat31.'04. Nov. 17, '03. $337,8:9 6,0-5,420 5,598.331 30,263 212,525 1,092,205 $345,047 8 9,4 12 e..-^- 5,700,816 30,268 141,335 850,655 $15,454,690 $13,556,028 S13,657,,533 $53,065,460 $51,444,674 $49,937,208 T. Capital stock Surplus and reserve fund $1,000,000 3,250,000 Undivided profits 854,62» Gen. dep. payable on demand. 10,350,067 $1,000,000 3,250,000 734,271 8,372,357 $1,000,000 3,250,000 741,911 8,665,622 $15,454,690 $13,356,628 $13,657,533 Total Insurance Dept (additional). $53,065,460 $51,444,674 $49,937,208 1904. 1903. Statistics for Fiscal Year ending Nov. 30— $193,.'i68 $183,979 Interest credited depositors durlni.' year 25H9o 25% Amount dividends on company's stock Amount deposits 18, 1903. $918 5,788,7P4 361,700 300,000 36,107 $6,551,886 14 5,460 Mat 31, '04. Stocks, bonds, eto $7,417,015 $71,300 163,301 '04. $l,S89 91,822 Nov. 21, 3,968.420 15,000 5,369,345 271,700 300,000 55,475 556,394 $139,050 188,164 162,060 62,741 41,602 12,512 Trust Co. (Phila.). 3,532,074 2,036,510 2,849,549 177,559 501,144 Dec.31,'04. June30,'04. Si 3,567,630 2,273 940 2,727,907 199,006 North Fhll&delpbid Trust Co.* (Phl'a.). Resources- 17, '03. Loans upon collateral Loans upon bonds and mtges. 2,778,594 2,924,123 225,654 620,465 Total $7,417,015 $6,551,886 $6,388,741 Statistics for Calendab Year— 1904. 1903. Interest credited depositors during year $130,106 $116,361 Amount dividends on conopany's stock 40,000 40,000 Average amount deposits receivlug interest 5,398,431 5,179,955 Rate o f interest paid on deposits. 2% and 3% 2% and 3% • Formerly the Northern Savings Fund, Safe Deposit & Trust Co. Bonds and mortgagep Stocks and bonds Amount loaned on collaterals. Amount loaned on per. see's.. Bankmg house and fixtures... Nov. Liabilities— Realestate,furniture&fixtures Total 2% 2%-4% 21, '04. eto Capital stock 70,176 27,504 1903. $742,370 335,808 283,581 400,000 Pennsylvania Warehousing & Safe Dep. (Phila.), Stocks, bonds, etc TotaL 134,ci53 200.000 8,285,059 3,988,677 2,349,663 949,233 2,271,910 $23,683,834 $22,821,864 $20,534,780 Total Merchants' Trust Co. (Philadelphia). Nov. 21, '04. May 31, '04. Nov.l7,'03. Resources— Cash on hand Due from banks, eto Loans upon ooUateral Loans upon bonds and mtges. and (Granting Annuities (Phila.), Nov. 21, '04. May 31, '04. Nov. 17, '03. Deposits $381,758 Liabilities— Capital stock Resources— Undivided profits Deo.31,'04. JU>e30,'04. Dec.31,'03. $372,420 $335,163 $337,355 279,143 344,929 233,674 9,019 7,660 10,134 328,993 295,240 353,928 145,150 148,770 176,484 32,585 32,585 32,530 18,650 22,876 25,360 111,438 90,814 57,746 13,233 12,696 9,547 Real estate mortgages Stocks and bonds Judgment notes Loans on coUateral Loans on time Real estate Cash on hand Cash on deposit Other assets 575 receiving Interest "ste of interest on deposit!* all. all. 2% 2% THE CHRONICLE. 576 [Vol. lxxx. Trust Co. of North America (Philadelphia).-(Concluded.) Real Estate Title Insurance & Trust (Phila.). 31, 31, '03. Dec. Dec. '04. JirNE30,'04. Llabilities— Nov.2l,'f>4. Mat31,'04 FResoukces— Nov 17, '03. 227,602 544,804 227,751 $188,772 1,062,459 2,262,073 558,252 181,121 619,217 234,001 $5,502,843 $4,923,510 $5,105,895 Capital stock $1,000,000 400,o00 Surplus and reserve fund 64.351 Undivided pro Hts Gen. dep. payable on demand. 4,007,483 $1,000,000 400,000 38,685 3,458,339 31,486 $1,000,000 $4,928,510 $5,105,895 Real estattMiiortgages Stoobs and bonds Loans on ooUateral $246,425 1.145.966 2,025,063 527,471 211,030 554,»59 38,6i5 Real estate Cash on hand Cash on deposit 8'J6.851 Other assets TotBl. T $219,788 1,138.102 2,426,926 TABU ITT^.S^"" Other 31,009 liabilities Total $5,502,843 Statistics fob Calendar Yeab— Amouut dividends on company's stock Amountd eposits receivln)? interest Rate of interest paid on deposits 1904 $50,000 Capital stock Undivl'd prof. Deposits & reserve fund. Total Union Trust Resoubces— 73,966 3,643,433 38,496 Total 1903 $50,000 4,007,483 3 643,433 2%, 2 •%, 3% 2%, 213%, 3% 1,728,721 1,858,399 471,387 480,704 301,324 $10,334,184 $9,273,032 $9,150,858 $23,760 498, 60K Surplus and undivided profits. Gen. dep. payable on demand. Total 7,35t*,199 1,429,707 6,343,325 .$10,334,184 $9,273,032 Tacony Trust Co* $1,500,000 1,417,453 6,233,405 (Phila.). Dec. 3l,'04. June30,'04. Nov.17,'03. $22,975 Real estate mortgage $93,427 $22,725 309,808 349,505 325,924 Stocks an'l bonds 17-2,550 164,025 222,600 Loans on collateral 17 563 23.216 15,291 Loans on personal securities.. Cash on hand Cash on deposit Other assets Total T 42,421 13,914 42.421 18,664 77,833 17,057 41,000 33.431 31,993 10,l62 95,350 6,613 $799,686 $692,465 $678,322 $127,500 70.000 $127,500 60,000 9,2«2 575,471 17,453 6,558 473,273 26,134 $127,500 60.000 11,090 478,140 T ARrLirXIES-^" Capital stock. ... Surplus and reserve fund Unilvided proats Deposits Other Uabilities li^.^,154 308.077 338,458 17,800 Other fund, liabilities 1,592 $2,964,849 $2,663,323 $2,494,122 $500,000 50,000 25,592 $500,000 50,000 $500,000 50,000 22,643 2,3s6,044 3,213 2,095,9.54 12,536 1,918,503 2,976 $2,964,849 $2,663,323 $2,494^122 Real estate mortgages Stocks and bonds Loans on collateral Rea' estate Total iabilities apital stock $1,735,351 146,257 1,035.972 459.637 116,416 $1,692,989 62.031 1,127,331 464,564 232,135 123,917 $3,950,318 $3,753,574 $3,702,967 $1,000,000 $l,Ono.OOO 450,000 1^5,752 1,302.322 835,500 $1,000,000 $3,753,574 1904. $3,702,967 33,.'S10 30,208 50,000 1,168,588 Surplus fund ."iOO.OOO Undivided profits Gen. dep. payable on demand. Other liabilities 143,531 1,542.817 764,0t0 Total $3,950,348 Statistics fob Oalendab YeabInterest credittsdepositors during year Amount dividends on company's stock Amount deposits receiving interest Rate of interest paid on deposits Real e«tate,fumituie& fixtures Othtr assets ^'' Total Liabilities- $1,998,621 $1,709,460 $1,247,256 $250,000 115,000 18,796 $217,"20 $250000 Capital stock Surplus and reserve fond 115,000 2^,716 I,6t4,386 3,519 Undivided profits Deposits Other 323,715 544,943 liabilities 16.'S,244 21,342 Resoubces— Dec. 31. '04. 1,324,830 834 • f Stocks, bonds, etc MortKages... Realestaie.furniture&flxtures Other assets Total $61,289 — 878,396 379,047 6,394 379,047 2,559 378,612 3,900 $4,270,220 $3,691,023 $3,569,958 500 St. Commonwealth Trust Company* Resoubces— Loans Bonds and stocks Real e^tate Other assets Cash In vaults & depositories Total $106,239 26h,141 1,982,517 2,500 829,549 48t<,413 $8,851,817 I,(i62.400 1,1HH,644 28,'Ot. $9,117,193 1,665,318 700.000 53,90 (;4,()45 4,7 26.452 3,405,144 $15,865,563 $14,951,700 $4,967,015 $1,000,000 35,929 4,114,799 $1,000,000 875,o00 4«,726 3,526,574 $6,050,728 $5,450,300 $4,967,015 1,820.445 93,714 Total $15,885,563 $2,000,000 3,731,601 .. Jan. 19, '04. $8,4)0,574 1,562 •<74 700,00( 42.1-37 2.042,52 33,330 3,0f!8,685 $3,349,791 $3,087,138 $2,931,718 $500,000 200,000 14,41 $500,000 175.000 30,?43 $495,267 175,000 23,550 2,634,850 2,381,895 2,237,901 $3,349.'-91 $3,087,138 $2,931,718 99,<'72 Total Liabilities— Capital stock paid In Surplus Undivided profits General deposits Total Dec.31,'03. $572,952 35,626 1,810,039 93,714 442,893 25,372 Note.- Company paid 6% on its stock in both 71=^,275 320,718 23,394 1904 and 1903. Mercantile Trust Company (St. Louis). ResourcesJan. 11, '05.* Mar. 28. '04. Dec. L"ans $14,13^,292 Bonds and stocks 4,771,939 .. ... Cash items in course of col'n. 7,P44.97l Cash in vaults & depositories 712,957 Other assets , - $12,788 408 $2,000,000 3,707. "i.^. 1.339 69.575 2,347 9.214,752 7,009,i^41 $14,951,700 $12,788,403 In Jatiuary of this year the Common wealth TruHt Co absorbed the Gerinaula Trust To., and the Hgures under Jan. 19, 1904, are of the cousolidiited luHtitutlon; the Colonial Tru.st Co. was absorbed In May, 1903, and the Hamilton Trust Co. in December, 19o3. ' 87.'s.000 1,78^,850 93,715 ^1,664 395,666 24,962 Total $27,168,159 $13,304,720 3,388.4,^3 4,664..s'85 725,09 31,'03. $14,476,721 2,224.432 S'. 9,865 3,906,761 721,660 $22,082,829 $21,609,439 $3,000,000 6,860,105 60,000 $3,000,000 6,789,447 62.297 40,000 11,779,992 LlAniLITIES— Oapitrtl stock $3,000,000 Surplus atid undivided profits 6,753,212 RftMerved for taxes Reserved for interest and contingent fund 96, ,501 Deposits 17,318,440 . Liabilities — $2,000,000 Capital stock .... Surplus and undivided profits. 3,85l,7:n 370 Dividei ds 55.000 Other liabilities 9,978,462 Deposits Junb^0,'04. Dec.31,'03' $309,925 $233,806 Louis Companies. (St. Louis). Nov. 30, '04. Mab. 2&3% 2,2>«&3% Dec. 31, '04. June30,*04. $573,991 $^62,269 294,304 165,012 Real estate mortgages Stocks and bonds. $1,247,266 Loans on collateral Real estate 1,87P,819 2,500 50.000 1,542,8)6 West Phila. Title & Trust Co. (Phila.). Resources— 1,92.5 $52,768 531,842 1,977,126 77,500 1,245,543 1903. $5,450,300 Cashonhand Cash on deposit Trust Co of North America (Philadelphia). Other assets Kov.21,'04. May31.'04. Nov.17,'03. Resources- Oashonhd,nd Due from banks, etc Loans up(m cUateral Loans upon bonds and mtges. 1,169,588 946,425 2,446,117 1,337.984 96,094 819.726 33,288 900 000 . $1,998,621 $1,709,460 Formerly Tradesmen's Trust & Savings Fund. Total 4.^0,000 137,954 2,311.011 1,819,264 103,525 861.483 *45,092 $1,000,000 TotaL "Accrued interest. 105,00'i 34,614 888,207 2.59.941 West End Trust Company (Philadelphia). 201,642 Capital stock 435,(69 Surplus 174,417 Undivided profits 7,979 Deposits 363.239 3iu,932 157,337 141,168 4.833 $1,761,201 225,980 1,260,449 439,035 173,638 90,045 Cash on hand & due from banks $207,446 $799,686 $692,465 Total $678,322 Loans upo a coUater'l and upon * Formerly Tacony Sav. Fund, Safe Dep., Title & Tr. Co. bonds and mortgages 2,395.221 Invpt-tments, stocks and bonds 2,431,494 Mortgages Tradesmen's Trust Co.* (Philadelithia). 104,395 861.463 Dec. 31, '04. June30,'04. Nov.17,'03. R.al estate, furnlt're&flxfre. Resources— Other assets *50,709 Caeh on band and due from • $174,500 $232,746 $118,742 banks, etc Total $6,050,728 215,093 166.756 158.913 Comm'l and other paper own'd Liabilities578,106 312,960 150,499 Call loans upon collateral Stocks, bonds, etc Mortgajies June30,'04. Nov.17,'03. $53,766 $48,399 160,784 52.695 93'<,943 923,374 683,717 615,043 141,120 131,861 308.077 308,077 361,129 374,259 19,782 40,414 United Security Life Insurance & Trust (Phila.). Resources— Dec. 31,'04. June 30, '04. Dec.31,'03. Oaxh on hand and deposit $9,150,858 Other assets Resources— Real estate Co. (Philadelphia). 296,966 944.017 812,925 Total TjT A R ILITI ES-^" $1,.500,000 $3,569*958 $91452 Capital stock 4,7-!0.058 $1,500,000 1,474,985 $3,691,023 Dec. 31, '04. Total Liabilities— 1,728,721 1,762,251 Capital stock $4,270,220 Mortgages Real est., furniture Aflxturee. Other real estate Other assets 6,167,822 1,726,070 1,180,992 Cash Bookacoounts $1,000,000 213,268 2,356,690 Stocks, bonds, etc $21,250 476,829 4,803,277 $21,250 766,663 $1,000,000 229,202 2,461,821 Cash on hand Due from banks, et« i>50.000 Loans upon collateral Surplus and reserve Real Estate Trust Co. of Philadelphia (Phila.) Undivided profits 31, '03. Dec. 31,'04. June 30, '04. Dec. Resources— Deposits Mort' >re 8 on improv'd property Stocks and bonds Loans on coUateral Real estate $1,000,000 254.687 3,015,533 Total 12,100,4 i7 $22,082,829 $21,609,439 in both 1904 and 1903. on cheek accounts and 3% on time $27,168.1.^9 Nora.—OompK.iy paid 16% on its stooli In ui ni In .ii.wvved at ttio rate of 2% ceriltlcates and savings accounts " fn M<ty, 1904, the Mercantile Trust Co. absorbel the American Central Trust Co., and the figures for Jaa. 11, 1906, are of the consolidated institution. Feb. THE CHRONICLE. 4, 1905.] 5T7 Wiss nri-Lincoln Trust Co. (St. Louis).— (Conclnded.) Dec. 31, '04. Mar. 28. '04. Sept 9. '03. MtssiaBippi Valley Trast Company (St. Lonis). Dec. 31, '04. Jcne 30, '04. Dec. 31, '03. BKBonKCES$50S,621 $3 42,371 $32S937 Real estate mortgages 10 077.572 7,936,949 7,757.863 Stocks ana bODdl 7,374.281 8,280.181 8,776,133 Loans n coUa-eral 1,350,625 1,287,080 Loans on personal eecurlties.. 1, 04,012 5S4 460 495.857 510.801 Real ^8 ate Liabilities— Capital stock Surplus and undivided profits. Debentures and mtge. bonds. . Deposits £« 2§ «fl ^® O -her liabilities 1 Ci-honhand 2,351,632 1,457.5-^5 1,933,696 Cash on deposit Other assets 4,3.35,975 3.90-i,784 109,916 2,647,575 * 104,553 $25,373,759 $22,614,176 $25,728,922 $3,000,000 3,500,000 1,881.508 6,132.1-4 10,805.346 54,731 $3,000,000 3,500.000 1,782.086 $3,000,000 Total Undlviled profits. Deposits (time) 'fits (demand) Other liabUlties Dep 3,5'>0,000 1,745,099 6,647,633 9,571,9 1,264,290 8,249,580 120,960 Loans $7,351,555 3,656,241 79!,377 34,000 2,056,604 „ Bonds, stocks, etc. Real estate -h . S® ag S^ o® ^f» Safe deposit vaults Cash on hand and in banks.... Other a:set8 Total Real estate mortgages Safe deposit vaults Der. 31,'04 9, '03. Capital stock Surplus fund 360,t)o0 $14,250,407 $15,476,701 Brooklyn 8,141,600 1,258,876 20.252 2,283,238 77,780 4,249,017 1,347,411 757,458 1,234.814 56,125 $20,241,788 $16,944,450 $11,647,954 $1,000,000 .scki.oOO Surplus fund 203,598 tJmdlvided profits (book value) do (market value) (467.147) do Deposits in trust 20,343 General dep'ts, pav. on dem'd. 13,293,296 $1,000,000 500,000 126,220 $1,000,000 500,000 57,064 Due trust companies Due savings banks Due banks and bankers Other 2,4'>5,833 513,^50 2,174,081 40,687 liabilities (206,878) ll,3'e,4l3 2,392,665 168,947 1,351,808 18.398 $33,956,120 $28,081,247 $20,241,788 $16,944,450 8,190,920 1,073 719 86.334 734.5S4 5,333 $11,647,954 Supplementary— Tot.am'tof protits during year. $719,280 *$334.568 $234,902 *210,228 Int. credited dep's same per'd.. 415,064 81,803 Exp. of institution, same per'd. 131,997 *58,266 69,673 Amt of div. decl'd, same per'd. SO.O^O Amt.of dep.onwhlchint;i8 all'd 18,100,530 14,968,779 10,040,897 Rate of interest 2 to 3^ p. c. li^ to3i2p.c. 2to3S» p. 0, Bowling (]}reen Liabilities— Capital stock Dec. 31, '04. Surplus fund Undivided profits (book value) do do (market value) General deposits pay. on dem. Due trust companies Due savings banks Due banks and bankers Other liabilities Total — $24,932,C62 $18,244,468 $16,476,486 $2,500,000 2,500,000 $2,500,000 2,500,000 5.5.'<10 $2,500,000 2,500,000 301,970 (393,732) (126,334) 62,221 8,40vi094 3,044.392 l«ti,l«3 4,175, 70 Capital stock Surplus fund Undivided profits (book value) do do (market value) Deposits in trust General deposits, pay. on dem. Dae trust companies Due savini^s banks Due banks and bankers 1,S804SI 2,430,808 1,0^7,990 8,000 $25,793,71 Total — June 30, '04. Dee. 31, '03. $700,000 350,000 $700,000 350,000 85.0 ^5 (85,035) $700,000 350,000 69,142 (26,526) 80,137 4,040,504 122,875 49,316 102,704 15,996 2,607,370 63,999 2,736,69C 40,296 90,860 39,199 15,000 28,790 25,133 $5,466,430 $3,971,861 $3,924,756 $152,086 52,827 49.167 21,000 4,315,104 *$67,749 •24,241 *24,466 $142,952 48,148 45,039 Supplementary Total amt. profits during year. Int. credited depos. same per'd Exp of institution, same period Amt. of divs. dec), same per'd. Amt.of dep.on which lnt.ls all'd 2 to 3i« p.c. Rate of interest 2,801,130 2 to 3 >t p. 0. 2i»0,811 ) ( 1 ',907 5,988.264 1,247,965 7.57,310 2,780,429 2 to 4 p. 0. Brooklyn Trust Company (Brooklyn). Resources— Dec. 31, '04. $486,0'i0 Stock investm'ts (book value).. 8,311,018 do do (marSet value) (8,342,787) Amount loaned on collaterals. 6,186,050 June 30, '04. Dee. 31. '03. $59^000 $508,500 7,257,016 6,507,840 (7,238,072) (6,473,839) 2,617.742 68,908 5,382,804 681,263 140,113 1,525,992 2,473,298 84,649 6,107,824 830,474 135,278 720,013 1,805,556 107,281 $18,913,577 $18,140,125 $16,722,865 $1,000,000 Undivided profits (book value) 1,935,262 do do (market value) (2,044,576) 7^1, f 90 Deposits in trust General deposits pay. on dem. 14,114.167 Due trust companies 56,235 Due banks 953,201 Other liabilities 103,122 $1,000,000 $1,0 00,000 1,885,077 Am't loaned on pers'l securit's. 708,813 Real estate (estimated value) . . 1199,803 43=^,240 Cashonhand. (lashon deposit Other assets Total LiabilUies— Capital stock Trust Company (New York). Resources— i)«c. 31,'04. .7uMe30, '04. Dec. 31, '03. Bonds and mortgages $-?7,000 $35,000 $ .. Stock Investm'is (book value).. 6,499,3'(6 5,y81..^48 5,882.623 do (market value) (6,537,808) do (5,79',825) (5.79«,91^) Amount loaned on collaterals. 12,8»4,255 6,558.515,069,547 Amount loaned on per'l secur.. lft9,27' 7l«,409 445,081 Cashonhand 274,993 249.2 1 242,541 Cash on deposit 5,7iJ4.3-'0 3,568,646 2,343,3 * Otherassots 888,373 1,283.419 746,361 Liattilities $5,000,000 5,000,000 114,181 125,000 15,546,531 Trust Companies. Bonds and mortgages Total 13,361,177 5,626,306 629,648 1,153,599 3,843,723 63,209 55,000 Broadway Trast Company (New York).— (Concluded.) (4,0 "7 037) Total 31, '03. $1,171,050 $28,081,247 $25,793,712 9,000 150 000 23,275,641 Total (5.243,363) Liabilities— Capital stock 555,711 641,667 5,747,366 27,312 69,832 $5,000,000 5,000 000 286.708 150,000 63,000 17,573,539 8,000 Res' ve for interest 5,162.704 1 $5,000,000 5,000,000 521,479 Undivided profits Dividends unpaid General deposits Reserve for taxes ..^ 796,76.'S Dec. 31, '03. 4.00.^,129 5,564,334 Stock la vestm'ts (book value). do (markPt value) (5.827,8«3) do Amount loaned on collaterals. 10, 24^ ,520 779 10 Amt. loaned on pers'l seourlt's ... 387,910 Cash on hand 3,142,300 Cash on deposit 121,614 Other assets $33,956,120 $8,931,424 34,0(0 1,699,184 256,790 .;Mne30''"4. 5,0.53,740 100,000 ,. Total $972,735 15,012,834 Liabilities- Bankeri Trust Comptny (New York). Resources— $866,360 Loans on coUat. & pers'l seo'B. 16,3.50,985 4,667.527 Stocks and bonds 543,822 Real estate and office building. 656,420 Cash on hand 10,771,006 Cash on deposit Other assets 4,259, f.38 New York and $15,976,701 St. Lonis Union Trust Company (St. Lonis). Dec. 31, '04. Jone 30, '04. Dec. Resources— $25,373,759 $22,614,176 $25,728,922 Total 1903. 19'j4. Statistics for Oalendab Yeab— 616.410 750,696 Total net profits for year 460.815 347,327 Intert^st credited depositors during year.. 278,492 287.014 Expenses of instl'uti'n sa ae period 480,000 480,000 Amoun' dividends on company'- s'ock .. Interest paid on all depofits Amount deposits receiving interest Rate of Interest iiaii on deposits... 2% oli demand aud 3% ontimedt-p. Mis^oari Lincoln Trust Company (St. Louis.) Dec. 31, '04. Mar. 28, '04. Sept. Resources— $14,250,407 Co. was fonred In 1904 by the consolidation of the Missouri Trust Co. and the Lincoln Trust Co. We have been unable to obtain a report of the condition of the new institution, but from an advertisement of the company we see that on December 31, 1904, the deposits amounted to $10,83 1,031; the capital 1- $3,000,000 and the surp us $1,000,000 The figures for March 28, 1904, and September 9, 1903, given above were arrived at by combining the reports of the old Missouri and Lincoln trust companies. Note.—The Missouri-Lincoln Trust 84,428 5,961.5fi0 $4,000,000 2,212,627 1,153,888 8,113,733 496,453 '^'^ Total Liabilities— Capital stock Surplus funi $4,000 000 2,260,274 1,536,240 6,404,245 49,643 , Total Supplementary — of divs.decl'd, same 801.108 11,707,344 142,451 9''3,131 112,961 1,027,513 99,372 $18,913,577 $18,140,125 $16,722,865 *$325,58l *166,300 *56,079 ^80,000 13,765,066 2 to 4 p. o t$322,186 312,234 106,594 160,000 13,261,443 2 to 4 p. 0. per'd $715,439 350,0^5 111,9)4 160,000 Amt.of dep.on whichlnt is all'd 1 5,457,639 Rate of interest 2 to 3ifl p. c. U Book value, t For six months only. Central Realty Bon<l Resources — & Trust Co. Dee. 31, '04. Bonds and mortgages (1,903,621) 585,853 12,964.212 615 237 Tot.am't of profits during year. Int.credited depos's same per'd Exp.of institution, sameper'd. Am't l.'<98.74l (1,939,370) (Now York). Jutic 30, '04. $3,562,9=^0 Dee. 31. '03 $4.3^3,130 $5,032,404 Stock inv'stm'ts (book value).. 1,922,531 2,207,943 3,085,464 Other liabilities 618,015 do do (market value) (2,121,209) (2,236,248) (3,153.069) Amount loaned on collaterals. 4,>- 64.077 4,146,243 7,007,771 Total $24,932,062 $18,244,468 $16,476,486 Real estate 582.651 2,604,031 48,784 Supplementary Cash on hand 42 263 49,990 52,350 Tot. am't prottis during year.. $R78,751 '$288,958 601,078 Cash on deposit 2,511,214 l,9b«,505 1,165,422 Int.crediied deo's, sameper'd. «^6 *143, 22 841, 253,332 Other assets M8.093 176.543 66.124 Exp. of Instltut'n, same per'd. 10^, '45 *61 1-3 17 ,840 Total $l&,856;66r $13,149,084 $16,568,738 Am't of <llv. rteoi'd -Miue per'd. *75,0'iO 1^0,000 150,000 Liabilities Am't of dep.on which int.is all'd 16,949,^63 11,294,992 10,428,706 Capital stock $2,000,000 $1,000,000 $1,000,000 Average rate of interest. ItoS^aP-o- 1 to 3^2 p. c. 1 to Sis p. 0. Surplus fund 6,500,000 2,500,000 2, 5( 0,000 Undivided profits (book value) 2.503,272 1,850,160 1,953,054 do ) do (market value) (2,7 'e-OSO) (1,981,359) ( Broadway Trust Company (New York). 136,015 Dep«»8its In trust 53.141 2^7,490 6,579.908 Oen'l deposits payable on dem. 9,241,781 Resources— 6,822,137 Dee. 31. '04. June 30. '04. Dec. 31 '03 48.028 91.115 Bonds and mortgages $1.'^5,'250 Due trust companies 1 ,160 $4)0,250 $289,250 331,732 635,2'*1 Stock investm'ts (book value) 505,f>07 280,:^72 8«1.724 1.049.733 Due banks and bankers 122.905 94.356 do .s7.5-^6 do (markf't value). (505.607) (808,112) (1,049,733) Other Uablli ties Amount loaned on collaterals. 2,«sl7,475 1,244,183 1,318,627 Total $15,«56,ooi $13,l4y,084 $16,56i,738 Amt.loared on pers'l securities 822,840 80»,08i 674, K4 9 Supplementary Real estate (estimated value).. 843,012 5.000 5,000 5.000 Total am't prottis during year. $1,136,331 $343,880 Cashonhand •M8,622 92,840 262,811 77,788 72,720 Int. credited depos. same per'd 195,063 Cash on deposit 6^^5,390 *45,S54 841,568 91,689 609,777 Exp. of institution, same per'd 9 \64t Other assets 170 850 •60,000 320,000 79,444 39,099 Amt. of dlvs. decl'd same per'd 120,000 7,0'J4,823 7,483,336 Amt. depos. on wh. Int. is all'd. 9,44 -i. 89 3 Total $5,466,430 $3,971,861 $3,924,755 Rate of interest 2 to3>a p. 0. lto3>ap. 0. 8 to 8^9 P.O. * For the six months only, Jan. 1 to Jane 30. For the six months only, Jan. 1 to June 30. 5.153 8.'^5 1,^25,709 4,496,7,^2 3,081,331 97,898 — — , . — TliK CHRONlOLil 578 Central Trn»t Company Resources— Bonds and mortgages (New York). Empire Trust Company (New York). .;nwe30,'O4. Dec. 31, '03. S!33i,9P9 $145,5S5 $320,551 Btookinvest's (book value) .... 16.131.813 19,644.840 19.221.310 do (market value) (169r>4,55r>) (20285,906) (20092.360) do Amount loaned on collaterals. 38,453,842 22,306,545 22,012,519 Am'tloanedon Real pers'lseourlt's. estate (estimated value).. Cashonhand Cash on deposit Other assets Total Liabilities 31.'04. De^;. 229.670 1,039.853 28,24? 4.790,135 223,892 258,503 979,210 37,338 13,126,078 190,127 2h6,337 979,895 24,612 4,205,103 258,689 Amouutloaned on $1,000,000 12.768.543 (13409,609) 5,471,646 387,770 283,341 4,255,615 242,485 $1,000,000 12.401,868 (13332919) 3,585,?20 28,555,236 536,537 271,221 78^,654 146,280 $61,043,337 Total SuppleTnentary Total am tprolits during year. *$2,949,222 1,010,651 Int. credited dep's same per-d. 242,314 Exp. of institut'n. sameper'd. 800,000 Am'tofdivs.decl'd.sameper'd. Amt.ofdep.onwhiohlnt.iBaU'd 42,459,683 1 to 3 p. c. Rate of interest $56,874,640 $47,339,016 •$1,261,604 '437,479 *120,903 *500,000 39,933,189 $2,821,697 998,867 253,346 800,000 28,883,563 1 to 3 p. o. — City Trust 32,46.=i,240 1 to 3 p. o. Company (New York). Resources— I>ec. 31, '04. Dec. 31, '03. $2^5,810 2,846,550 $424,848 2,187,156 (2,777,355) (2,097,930) 7,500,802 518,388 123,147 4,652.382 77,244 9,352,016 265,722 565,555 2,18o,724 286,331 Bonds and mortgages $501,798 Stock Investtn's (book value).. 2.598,504 do (market value) (2,562,812) do Amount loaned on coUaterals. 12,764,792 498,846 Am't loaned on pers'l seourit's. 111,353 Cashonhand 2,575,640 Cashon deposit 62,567 Otherassets $19,103,500 — $15,994,323 $15,262,352 $1,000,000 1,000,000 826.796 Undivided profits (book value) do (market value) (801.103) do 662,524 Deposits in trust Geu'l deposits pay'ble on dem. 14,667,461 47,543 Due trust companies 44,966 Due savings banks 17,331 Due banfcs and bankers 836,879 Other liabiUlies $1,000,000 1,000,000 775,686 $19,103,500 Capitalstock Surplus fund Total — 1,584,302 1,109.185 1,009,279 371,825 90,633 26,543 343,550 90,633 17,892 221,506 1,313,897 228,841 1,117.13' Cashonhand Cash on deposit Otherassets Total ..:. $4,732,098 — Capitalstock $500,000 Surplus fund (book value) 1,000,000 do do (market value) (1,059.974) Undivided profits 29,074 Deposits In trust General deposits 2,848,515 Due trust companies 27,^33 320.306 Dae banks and bankers Other Uabllities 7,500 Total f70e,491) 769,79.s (680.596) 5i4,5i7 12,354,312 146,821 27,416 118,640 61,911 1,022,993 10,458,161 104,0^5 48.478 118,783 740,087 $15,994,323 $15,262,352 $636,740 373,523 *$281,S25 *176,955 26,3.59 99,857 80,000 Amt. of dlvs.deol'd same Amt.ofdep.onwMohlut.isall'd 15,371,061 2to3iflp.o. Rate of interest per'd. per'd. *47,979 *40,000 11,291,192 2 to 3^ Company (New Colonial Trust p. c. $635,476 352,095 26,907 103,190 80,000 11,026,053 2to4p. c. York). Dec. 31, '04. J«w.£30,'04. Dec. 31. '03. Betourees— $95,000 $81,760 $96,500 Bonds and mortgages 2.381,447 2,433,862 Stock investm'ts (book value). 2,003,287 (2.433,862) (2,381,447) (market value) (2,003.287) do do Amount loaned on coUaterals. 18,552,961 14,678,014 11,903,519 1,072,766 1,474,319 Am't loaned on pers'l Beoui-lt'B 1,385.702 988.182 3,147,868 1,153,772 Cashonhand 2,720,999 5,428.925 4,219,393 Cash on deposit 199,713 112,073 140,772 Otherassets $500,000 500,000 $5(10.000 1,000,000 (1,023, »71) ) ( 4.143 14.435 14,293 34,651 2,419,680 61,660 255,526 17,241 971,615 46,490 148,688 148,616 $4,732,098 $4,378,051 $2,333,987 $167,462 55,059 81,646 *$80,389 *24,786 *46,899 1,167,508 $100,019 35.258 38.363 1,113,669 Av.2%p.o. l»ato4p.c. Int credited dopos. same per'd Expen. Institution same period Amt. dep on wh. int. is allowed Av Rate of interest $2,333,987 $4,378,051 ., Supplementary — Total amt. profits during year. 10,799 428,457 102,093 328,753 1,540,030 2*60p.o. Equitable Trust Company (New York). Dec. 31, '04 Bonds and mortgages JuneSO, '04. Dec. .^1. '03. $2,734,500 Stock investm'ts (book value) 11.323.700 do do (market value) (11323,700) Amount loaned on collaterals. 34,543,315 Amt.loaned on pers'l securities 33,700 Cashonhand 194.431 Cash on deposit 5,092,023 304,157 Otherassets $2,330,000 11,060,487 (11162,530) 29,593,9^8 34,^22 166.970 4,743,117 350,421 $54,225,826 $48,279,745 $34,650,430 Capitalstock $3,000,000 Surplus fund 9,000,000 639,130 Undivided profits (book value) do do (maiket value) (639,130) 23,230,900 Deposits In trust Gen'ldep'its, pay'leondem'nd 7,443.652 Due trust companies 5,158,352 Due savings banks 2,713,9«4 Due banks and bankers 2,780,337 259,471 Other UabUltles $3,000,000 9,000,000 298,843 $3,000,000 8,500,000 537,763 13,513,965 13,739.162 4,493.787 1,393.680 2,521,910 318,363 11,006,292 8,337,934 1,982,910 82,614 893,077 309,840 $54,225,826 $43,279,745 $31,650,430 during year. $2,048,982 same per'd. 875,067 149,907 Exp. of institution, sameper'd. 300,000 Amt.ofdlvs.deol'd, sameper'd Amt.oldep.oiiwh'hlnt.lsall'd. 38,218,199 liflto4p. o. Bate of interest •$939,190 *3i8,507 $1,538,306 543,314 137,185 270,000 21.779,798 . Total Liabilities — Total Supplemetilary Tot. amt ot — (400,886) profits Int. credited dep'rs Supplevietitant Total am't profits during year Int. credited dep's same per'd. Taxes Exp. of instltutlon.same $1,000,000 1,000,000 $20,266 541.585 (.311,585) collaterals. Resoxirces— J^Mne30,'04. Dec. 31. '03 Amt. loaned on pers'l securities Real estate (osli mated value). Liabilities Capitalstock $1,000,000 13,229,434 Surplus fund (book value) do do (market value) (14052.176) 4,<»75,984 Deposits in trust General dep'ts, pay. on dem'd. 40,718,086 357.312 Due trust companies 155,00i Due savings banks 1,368,181 Due banks and bankers 139,336 Other liabiUties Total. Liabthttes Resources— Dec. 31, '04. 7«)ie30,'04 Bonds and mortgages $250,000 $301,000 86t,047 Stock investm'ts (book value).. 994,901 do (market value) do (896,948) (1.004,479) $61,043,337 $56,874,640 $47,339,016 — Vol. lslxx. *79,413 "150,000 33,152.165 l»ato4p. o. $2,437,500 1,532,246 (1,584.537) 26,637,477 3.5,051 129,180 3,456.111 372,865 ..) ( liato4p. o. & Trust Co. (New York), Dec 31. '01 June 30, '04. Dee. 31, '03. .$1,052, -200 Bonds and mortgages $1,628,500 $1,494,500 19.414,6,59 16,033,883 Stock investm'ts (book value).. 21,058,972 do (market value) (21668,190) (19642,977) (16114,899) do Amount loaned on collaterals 47,784,440 24,b38,423 28,554,092 Other loans on pers'l secur't's. 4,478.400 1,895,500 1,536,750 1,455,668 1,455,878 Real estate (estimated value).. 1,455,546 3,002,304 3.^05.581 2,809,220 Cashouhand 11,227.520 19,371,365 5,906,440 Cash on deposit 527,286 603,575 441,870 Other assets Farmers' Loan Kesoarces— . $91,077,662 $71,802,932 $57,952,038 $1,000,000 Capitalstock Undivided profits (book value) '^,727.239 do (market value) (7,336,456) do 76,51b,030 Deposits In trust 3,807,100 Due trust companies 2,196,453 Due savings banks 1,355,710 Due banks and Dankers 472,080 Other liabilities $1,000,000 6,907,667 $1,000,000 7,015,404 Total ; Liabilities— $28,747,169 $23,846,616 $19,677,039 $1,000,000 500,000 Undivided profits (book value) 1,128,903 do (market value) (1,128,903) do 248,878 Deposits in trust General deposits pay. on dem. 20,937,380 2,259,425 Dae trust wimpanies 1,390,443 Due savings banks 1,227,422 Dae banks and bankers 48,718 Other liabilities $1,000,000 500,000 976,331 $1,000,000 500,000 968,871 Total Liabilities — Capitalstock Surplus fund Total Supplementary— $23,747,169 Tot. am'tofproflts during year Int. credited dep's, same per'd Exp. of institut'n, same per'd. Amt.otdlvs.decl'd same per'd. $933,083 576,244 164,800 100.0 00 Am'tofdep.onwhichint.i8aU'd 23.661,291 2 to 4 p. c. Bate of Interest (976,331) 123,395 16,596,222 2,107,182 1,289,225 1,093,006 161,255 ( ) 140,744 13,749.492 1,428,390 830,847 934,390 124,305 $23,846,616 $19,677,039 '$371,275 $874,577 ''223,667 ,504,421 "77,647 *50,000 18,745,738 2 to 4 p. o. 161,078 100,000 15,448,634 2to4iflp. c. Commonwealth Trust Company (New York). Dec. 31,' 04. June 30, '04. Regouree.1— $663,1.''4 $665,653 Stock investm'ts (book value) . (071,383) (market value) do (871.495) do 41,431 29,500 Amount loaned on coUaterals. 15,443 7,600 Amt. loaned on pers'l secur't's 4,598 4.746 Cashonhand 333,513 419,950 Cash on deposit 1,944 Other a.s8ets Dec. 31, '03. $1,124,950 $1,062,582 $828,151 $500,000 16,849 $500,000 $500,000 14,406 Total $638,904 (644.638) 49.231 20,000 21,108 96,929 1,979 Liabilities. Capital stock Undivided profits (book value). oo (market value) do Deposits In 18,749 ) (24.484) 60 7.G32 419 14,390 528,338 1,105 311,478 235 $1,124,950 $1,062,582 $828,151 $116,059 *81,109 "1,417 '63,030 143,678 2 to 3 p. c. $351,020 105,870 141,825 178,835 2 to 3 p. c. ( triiBt General dep. pay. on demand. Other liabilities Total ( ) 2,031 Int. creillted dep's same per'd. Exp. of inHtitut'n same per'd.. Aitit.ofdep.on which int.l8all'd Rate of Interest * 2,071 106,364 470,074 2 to 3 p. o. For the six months only, Jan. 1 to June 80. ( ) 610,750 398,799 45,615,920 1,530,106 2,369,635 167,980 252,993 $91,077,662 $71,802,982 $57,952,038 Tot.aui't of profits during year. $2,435,282 1,573.165 Int. credited dep's, same per'd. 207,979 Exp. of institution, same per'd. 400,000 Amt. of divs.decl'd.same per'd. Arat.ol'dop.,ouwhichint.l8all'd 77,236,300 1 to 3^2 p. c. Bate of interest "$1,222,536 "721,782 "103,721 "200,000 60,110,867 $2,540,582 1,415,395 203,964 400,000 44,441,848 Total Supplement an/ — Filth Arenue Trust 57,008,956 3,32i',l45 2,496,665 1 to 3i« p. o, lto3i2p. c. Company (New York). Dee. 31. '04. J"wnc 30,'04. $510,500 $510,500 $510,500 Stock Investm'ts (book value). 6,626,663 do (maiket value) (6,703,100) do Amount loaned on collaterals. 9,586,347 781,442 Amt.loaued on pers'l seourit's. 151,032 Oashonliaud 2,633,765 Cash on deposit 160,021 Otherassets 6.341.914 3,741.046 (6,389,591) (3,747,935) 7,478,780 802,535 53,922 8,287,6.'>6 619,87.=. Resources— Bonds and mortgages Total Dec. 31. '03. 167,767 105,153 1,532,270 159,917 $20,349,820 $17,583,941 $14,956,417 $1,000,000 1,000,000 348.285 $1,000,000 1,000,000 300,702 2,228, 5i;3 iia6iii< teg- $1,000,000 Capital stock 1,000,000 Surplus fund 472,955 Undivided profits (book value) do (maiket value) do (549,393) 18,753 Deposits in trust Gen'l deposits pay'ble on dem. 17,609,048 236,884 Due savings banks 12,180 Other UabUltles '395,962) 28,831 15,045,893 137,630 ( ) i;3,302 23,165 12,488,515 132,035 12,000 $20,349,820 $17,683,941 $14,966,417 $771,883 376,220 same per'd 79,931 Kxp. of Institution, same jier'd 120,000 Amt. of dlvs.ldecl'd same per'd. Am'tof dep. on wh. Int. iBaU'd. 17,538,364 "$330,819 "173,504 "38,431 "60,000 14.841,655 $558,097 322,399 77,557 120,000 12,356,714 2to3"ijp.o. 2to3>4p.o. 2to3>flp.o. Total Hupplernenturu. Total am't profits during year. (7,195,984) Supplementary Tot.amt.of profits during year. Int. credited doi-'rs, Bate of Interest * For the bIk months only, Jan. 1 to June 30. . Feb. THE CHRONICLE 4, 1905.] 579 Flatbasb Trust Company (Brooklyn). Hamilton Trust Company (Brooklyn). Dee. 31. '04. JMJie30,'04. Dec. 31, '03 Resourcet— *29'5,800 $326,380 $305,300 Bonds and mortgagee 2.=i7,l()6 253,465 164.531 Stock inv'stm'ts (book value).. (262,695) (273,668) (169,911) do (market value) do oollateralB. 1,0'«9,405 884,800 868,918 Amount loaned on 102,653 188,835 91,506 Amt.loaned on pers'l securities 6.'=i,374 28,342 36.207 Real estate (estimated value) 182,928 197,^66 84,008 Cashonliand 15'<,298 187,225 355,077 Cash on deposit 15,939 18,060 17,272 Otherassets JUtouree*— Dec. 3 1 '04. June 30, '04. Dec. 31 '03 Bonds and mortgages $529,175 $503,975 $550,275 Stock Investm'ts (book value). 1,687.485 1,697.924 1,390,321 do (market value). do (1,811,529) (1,726 048) (1,391,895) Amount loaned on collaterals. 4,238,698 3,566,906 4,106,286 Am't loaned on pers'l securlt's. 442,886 393,007 410,824 estate (estimated value) Real 34,207 34,420 35,413 Casbonhand 729,696 647,806 283,965 Cash on deposit 911,574 1,026.385 746,584 Otherassets 79,322 77,504 81,749 $2,330,051 Total Liabililies — $200,000 100,000 50.038 $200,000 100,000 45,000 (71,863) (59,268) (50.380) 33,831 1,806.113 125,000 9,807 3,566 1,657,575 100,000 10,825 7,683 1,264,825 100,000 8,532 $2,330,051 $2,122,004 $1,726,040 $82,447 33.651 24,061 12,000 *$40,C06 *15,368 *11,799 *6,000 1,761,141 $77,311 27,508 20,775 12.000 1,372,000 Surplus fund Undivided proflte (book value) do (market value) do Deposits In trust Gen'l deposits payable on dem. Due savings banks liabilities Total Supplementary — Tot.amt.of protltsiduringyear. Int. credited depoB same per'd Exp.of institution same per'd. Amt.ofdlv8.deol'd,8ameper'd Amt. of dep. on wli. Int. is aU'd. Bate of interest 1,964,944 2 to 3 p. c. 2to3p, o. Franklin Trust Company (Brooklyn). Resources— o. Jiine 30, '04. Dee. 31, '03. $570,900 $600,600 $611,900 Stock Investm'ts (book value).. 5,015,198 do do (market value) (5,180,203) Amount loaned on collaterals. 2,553,097 Am'tloanedonpers'l securities 2,270,074 Real estate (estimated value) 450,000 Cashonhand 22<,472 2,05S.834 Cash on deposit Otherassets 53,682 5,243,300 4,931,476 (5,214,707) (4.940.923) 1,770,301 1,496,045 1,703,363 1,117.285 450,000 195,214 2,388,324 72,607 450,000 396,342 1,415,176 67,053 $13,225,257 $12,216,391 $10,692,595 $1,000,000 1.591,010 $1,000,000 1.565.391 $1,000,000 1,552,973 . . Total 2 to 4 p. Dec. 31, '04. Bonds and mortgages Liabilities— Capital stock Surplus fund (book value) do do (market value) ) ( Deposits in trust General deposits, pay. on dem. (1,536,799) $13,225,257 $12,216,391 $10,692,595 *$243.212 '93.610 $489,562 193,485 90,4«2 120,000 7,879,680 2 to 4 p. c. Other liabilities 141,554 Supplemeniarp — Tot.am't.otprolitsdurtngyear. Int. credited dep's, same per'd. Exp. of Institution, same ) 891,178 6,324,778 72,261 Due trust companies Due pavings banks Due banks and bankers Total ( 947.160 7,326,106 204,722 721,137 280,000 171,876 874,510 8,921,045 124,733 572,405 $506,427 200,84'. 108,135 Amt. of divs.decl'd.sameper'd. 120,000 Amt.ofdep.onwhichint.l8all'd 10,115,822 Rate of interest 2 to 4 p. o. (jfuaranty Trust Company Resources— D«c. 31, '04. Bonds and mortgages Stock investm'ts (book value), .$1.'>.548,665 do do (cnarkec value) (15548,665) Amount loaned on collaterals.. 31.873,676 A'm'tloanedon pers'n'l sec't's 8,520,310 Real estate (estimated value) Dee. 31, '03 $15,000 12,185.348 $8,896,681 13,486,975 2,423,009 $66,982,866 $48,473,899 $41,018,720 $2,000,000 $2,000,000 5,000,000 125,855 $2,000,000 5,000,000 102,577 130,2.'?1 21,651,157 655,438 130,373 55,908 Undivided profits (book value). do do (market value) Deposits in trust Generaldeposits, pay. ondem. Due trusc companies Due savings banks Due banks and bankers Other liabilities 5,507,196 ) (125,855) 731,004 5i,230,716 2,131,402 321,230 2,001,774 59,544 S84,438 38,292,821 1,043,644 291,220 1,244,968 90,953 (.... „Total $66,982,866 Supplementa ry Tot. am't of profits during year. $2,288,520 Int. credited dep's, same per'd. 1,155,086 Exp.of Institution, same per'd, 257,347 Am'tofdivs.deol'd same per'd. 400,000 Am'tofdep.ouwhiohint.isall'd 56,310,312 — Rate of interest lisito3% ( ) 931,515 30,519,050 1,323,208 337,090 111,951 693,329 $48,473,899 $41,018,720 *$999,090 *611,360 *128,450 *200,000 38,510,182 $2,050,227 1,083,031 231,666 400,000 30,828,419 liato4i«% l^a to 4i£% Resource*Dec. 31, '04. jMHe30,'O4. Dec. 31, '03. Bonds and mortgages $211,800 $261,500 $261,500 Stock Investm'ts ())0ok value).. 359,872 450,460 385,471 do do (marJiet value) (4'\3,211) (355,307) (382,750) Amount loaned on collaterals. 2,25u,983 1,037,456 1,426,580 Amt loaned on pers'l securities 28,60S 177,904 l'i.'=i,306 Cash on hand 63,79=1 45,238 52.471 Cash on deposit 210.210 299,064 344,530 Otherassets 116,434 123,362 439,662 Total LxabiMlesCapitalstock $3,566,044 $3,051,847 $2,079,318 $500,000 500,0tM> $500,000 500.000 43,623 39,041 $500,000 500,000 30,260 farP'usfund Undivided profits (book value) ?° (market value) « GenMj 1 deposits pay. on demand (46,374) (36,319) 2,147,838 18,108 93,495 1,680,590 42,293 60,^63 257,980 5,000 229,060 ........ 949,035 19,942 25,453 49,574 5,004 $3,566,044 t- . $3,051,847 $2,079,318 -^ , Dae trust companies Due savings banks Due banks and bankers Other liabilities Total... Suppleimnlary— ( ) . Total amt. profits during year Int. credited dep's same period B.ip. or Institution same period *$64,097 $134,121 $129,939 *16,942 43,071 37,223 '38,375 60,962 68,202 Am tdep.onwh.lntl8aUowed 2,303,127 994,000 1,836,000 Bate o f interest lto3i«p.c. lto3>«p.c. l'«to3>«p.c. * For the six months only, Jan. 1 to June 30. $7,605,417 $500,000 500,000 452,682 $500,000 500,000 420.011 $500,000 500,000 374,744 (576,726) (448,134) 92,890 6,188,742 835,565 83,164 162,074 5,490,210 783.943 91,689 120,214 5,392,663 653,369 64,427 $8,653,043 $7,947,927 $7,605,417 $406,829 157,885 Exp. of instltut'n, per'd. 68,269 Am'tofdiv8.deel'd,8ame per'd. 40,000 Am'tofdep.on which int. Is all'd 7,119,117 Rate of interest 2 to 4 p. o. $*216,149 $344,697 170,892 56,136 40,000 5,962,246 Capital Slock Surplusfund Undivided profits (book value) do (market value) do Deposits in trust General deposits, pay. Due savings banks ondem. Other liabiUties Total Supplementary — Tot.am't of profits during year. Int. credited dep's, same per'd. Italian-American Trust *32,627 *20,000 6,236,380 2 to 4 p. o. ) ( *81.106. same 2to4p.o. Company (New York). Resources— Bouds and mortgages Stock investm'ts (book value) (market value do do Amount loaned on collaterals Amomnt loaned on pers'l sec'8 Cash on hand Cash on deposit Otherassets Dec. 31. '04" ff58,000 304,768 (304,768) 109,650 59.893 80,980 427,933 85,874 Total Liabilities— Capital stock $1,127,098 $500,000 50,000 325,442 Surplus fuud Gen den's payable on demand Due savings bank Due banks and bankers 25,000 226,656 $1,127,098 Supplementary — Tot.amt.of profits during year Int. credited dep's, Expens. of instlt'n. same same Am't dep. on which Rate of Interest $6,879 per'd... per'd 1,002 10,313 459,742 2 p. c. int. Is all'd ., Kings County Trust Company (Brooklyn). Resources— Dec. 31, '04.. Stock Investm'ts (book value). do do (market value) (1,351.538) Amount loaned on collaterals. 7,127,393 Am'tloanedonpers'l securifs 1,235.694 Real estate (estimated value).. 221,247 Casbonhand P68,260 Cash on deposit 542,014 Otherassets 81,710 Total Liabilities June $813.f8< 1,364,402 $12,359,103 — 30, '04. Dec. 31, 'OS. $680,«33 $408,133 409.387 1,275,350 (1, .263,680) (41.'' ,950) 6,008,294 1,128,686 226,123 1,003,271 1,602,470 207,958 8,705,388 448,011 227,293 478,875 $12,132,983 $11,362,629 616,240 69,302 Capitalstock $500,000 $500,000 $500,000 Surplusfund Undivided profits (book value) do do (marketvalue) 1,000,000 395,162 1,000,000 354,066 1,0(0,000 302,207 (382,298) 319,73'' (342,396) Deposits in trust Gen'l deposits, pay. on 8,564,3<t5 Other (. ) 67,300 1,286,100 236,409 238,288 8,164,543 81,200 1,318,600 176,286 257,323 7,649,281 yl,70O 1,411,200 150,918 $12,359,103 $12,132,983 $11,362,629 $503,514 296,703 80,254 *$272,028 •160,386 *47,967 .'2,500 *25,«)00 $501,306 255,412 77,473 50,000 Am't of dep.on which int.isall'd 10,177,532 10,052,632 Rate of interest 2to3'4p.o. 2 to 3>fl p. o. 9,359.505 2 to 4 p. o. demand Due banks and bankers Due savings banks liabilities Total Supplemental^ — Total am't profits during year. same period... Exp. of instltut'n same period. Am't of divs. decl'd same per'd Int. cred. dep's Knickerbocker Trust Company (New York). Resources— Der. 31, '04 Bonds and mortg.iges Guardian Trust Company (New York). , $7,947,927 5,987,.587 3,641,576 Liabilities— Capitalstock Surplus fund $8,653,043 — Liabilities Bonds and mortgages (8,896,682) Cash on deposit Otherassets Total li2to4p.c. (New York). (12185.348) 17,923,098 2,882,091 86,573 61,103 11,590,114 3,730,572 Cashonhand . Total.. 101,699 *60,000 9,320,582 Jwnc 30, '04. Total , 749.716 *.'>1,427 per'd. . $1,726,040 $200,000 lOO.OOO 55,300 Capital stock Other $2,122,004 , $1,339,405 3,194,592 Stock investm'ts (book value) do do (marketvalue) (3,194,592i Amountloaned on collaterals 37,912,494 Am't loaned on pers'l securlt's, 1,710,041 Real estate {»56,000 Cash on hand 5,691,707 Cash on deposit 7,996,896 Otherassets 606,878 . . J^ime30,'04. $1.71H.126 3,087,527 Dec. 31. '03. (3,087.527) 31,101,994. (2,606,00a) $905,935 6,009 2,6i 24,187,210 1,422,693 1,269,(^00 857,50.:) 3,964,144 8,645,065 463,819 1,011,226 1,859,958 5,149,850 500,780 $59,353,013 $51,260,868 $37,490,568 $1,000,000 Undivided profits (book value) 2,480,(580 do do (marketvalue) (2,480,630) $1,000,000 $1,000,000 2.356,141 Total Liabililies — Capital stock Deposits in trust Gen'l deposits, pay. on Due trust comi)anies Due savings banks 2,:-i29,376 (2.329,576) 7,20^,H9.0 6,464,002 demand 39,149,553 33.4.59,560 4,584,107 2,166,278 2,223,132 544,438 3,855,020 1,419,072 2,244,103 439,535 Due banks and bankers Other liabilities ( ) 5,239,181 25,6:n,020 1,701,203 671,421 498,800 392,802 Total $59,353,013 $61,260,868 $37,490,568 Supplementary — $1,950,886 Total am't profits during year. $2,340,527 '$1,047,899 944.297 '542,634 Int. credited dep's same per'd. 1,218,072 295,125 •157,015 Exp.of instltut'n. same per'd.. 323,114 340,000 '180,000 380,000 Am'tofdivs.deol'd, same per'd 26,4^2,614 40,791,831 Am'tofdep.onwhlohint.isall'd 51,811,901 2 to 4 p. o. Bate of Interest 2to4p.o. 2 to 4 p. o. * For the six months only, Jan. 1 to June 30. THE CHRONICLE. 580 Merchants* Trust Company (New York). Lincoln Trnst Company (New Vork). Dec. 31, '04. June 30. '04. Dee. 31. '03. Resources$495,000 $966,000 S823,500 Bonda and mortgages 1,068,022 3,271,403 4,695,890 Stock in vestm'ts (book value) (1,068,0 2i (market value) (4,695.890) (3,271,408/ do do 3,917,488 1,971,382 Amount loaned on collaterals 2.813.927 1,!M2.606 2,501,723 Amt.loanedonpers'lBecurlties 2,335,271 332,'^21 547,593 337,524 Cash on hand 7.50.0B4 1,528,697 2,316,843 Cash on deposit 306,750 650,367 834,903 Other assets Besoure^s— Liabilities — $14,350,358 $11,294,670 $?,382,351 $500,000 $500,000 500,000 Capital stock Surplus fund 198,440 $500,000 500,000 74,791 (198,4*0) (74,791) 33,561 10,046 ll,314,.'il2 8,-558,608 25 ,00 > .500,000 profits (book value) do (market value) do ... Deposits In trust Undivided on demand Due trust companies.......... Dae savings banks Due banks and bankers Qeii'l deposits pay. 214,398 1,533,730 55,717 . Total 2,978 6,362.167 213.843 $14,350,358 $11,294,670 $8,382,351 $587,561 262,118 Int. cred. depos'rs same period 133,811 Expen.instlcution same period Am'tdep. on wh. int. is allowed 12,499.436 *$301,422 *118,558 '62,869 9,79i,186 1 to 4 p. c. $296,249 168,220 113,768 Total SuppUmenlary — Total amt.prottts during year. lto4p.c. Rate of interest Long Island Loan & Trust Resources— l>e«. Bonds and mortgages 31,'04. 6,280,06 S 1 to 4 Stock in vest m'ts (book value). do (market vaue) (3,304,330) do 4,863,680 Am't loaned on collaterals 157,945 Am't loaned on pers'l securit's 3,000 Keal estate (estimated value)... 165,761 Cash on Land 888.818 Cash on deposit 85,4/5 Other assets $1,045,650 3,279.484 $1,076,500 2.3^9,635 (3.343,255) (2,393,620) 4,17ii,360 $1,000,000 1.000,000 Surplus fund 502,012 Undivided profits (book value) do (market value) (556,820) do 303,683 Deposits Intrust 6,859,698 Gen'l deposits, pay. on dem'd. 454,960 Due savings banks 159,023 Due bank" and bankers 180,373 Other Uabilities $1,000,000 1,000,000 443,497 $1 ,000,000 $10,459,754 $10,297,029 $9,174,362 Int. cred. dep's same period.. Exp. of insti ut'n 8 ime per'd.. Am't divs. declared same per'd $453,425 172,606 63,41o lOJ.OOO Amt.of dep.on which int.lsaU'd Rate of interest 7,777,371 2 to 4 p. o. *$204,012 *82,392 *34,736 *50,000 7,737,003 2 to 4 p. o. $450,864 177.010 66,727 100,000 0,605,200 2 to 4 p. C. — Total Supplementary — Total am't profits during year. 354,004 5,401,871 758,314 91,010 80,945 Total Liabilities — Dec. 31. '03. $9,500 4,767.961 4,603,270 1,000,500 4.673,192 222,708 $9,S00 4,441,832 (4,486 209 5,904,303 500.500 2,084,578 253,124 $19,60S,736 $15,277,131 $13,193,837 $1,000,000 1,000,000 809.899 $1,000,000 1,000.000 843,650 $1,000,000 Capital stock 1,000,000 Surplus fund 970.836 Undivided profits (book value) do (market value) (1,303,196) do (935,371) 244,94'S (.... ) 657.497 8,033,455 132.920 Deposits in trust Gen. deposits, payable on dem. 11,613,782 4,719,6 '1 Due tru-t companies 74,578 Due savings banks 80,477 Due banks and bankers 1 6,504 Other liabilities 11,416,172 633,592 73,000 70,172 29,356 $19,603,736 $15,277,131 $13,193,837 $754,709 271,536 140,246 100,000 Am't of diva.ded'd.same per'd Am't or dep.on which int is all'd 15,838,441 1 to 4 p. c. Rate of interest *$313,247 *121,894 *70,s93 $601,914 224.010 145,218 100,000 Total Supplementary— Totam't or profits during year. Int. credited dep's. same per'd. Exp.of institution, same per'd- 1,51'^ .027 40,417 90,788 14,003 50,000 11,941,253 1 to 4 p. o. 9,480,738 1 to 4 p. o. Mercantile Trust Company (New York) /unc 30, '04. Dee. 31, '03. $1,738,325 15,841.956 Stock invest's (book value) (market value) (15341,956) do do Amount loaned on collaterals. 55,732,782 19,401 Real estate (estimated value).. 1,118.930 Cashon hand 10,372.806 Cash on deposit 310,764 Otherassets $l,8i5,188 11,17«.564 (11178,544) 43,298,467 19,401 1,122,813 11,191.316 189,216 $1,874,237 $85,134,964 .8J4,965 $38,381,992 $2,000,000 CapiiaUtock 6,000.000 Surplus fund 431,285 Undivided profits (book value) (431,285) do (market value) do $2,000,000 6,000.000 329.276 $2,000,000 6.000.000 190,900 Dec. 31, '04 Resources— — Bonds and mortgages Total Liabilities — 5,513,097 Deposits in trust General dep'ts, pay.ondenn'd.. 49.787.126 13,002,012 Due trust companies 4,106,«12 Due savlnns hanks 2, ^8^.875 Dae banks and bankers 1,860,C57 Other llablUtlee Total — isall'd 1,12.'>,425 10,883,93S 203,919 ( ) 36,74-2,193 9,669 454 28,290,89^ 5,8'iH,482 4,294,513 556,374 1,521,374 $85,134,904 $68,834,965 $58,381,992 $2,738,217 l,57<i,9 S7 *,fl,223,^30 •684,0 k9 $2.820.13« 1,407.415 193,189 •100.903 19V>.60i 6'<0,000 *:S00,<)00 600,000 45,204,678 of dlvs.decl'd.samo iier'd Amt.ofdep.on whlchlnt. Rate of interest 35,751.137 21.000 7,.'i92,410 Int. credited dep's, same per'd. Exp. of Instltut'n, same per'd. Am't (329,276) 9,02»,368 8.517,:^36 (8,517.336) 4,23 .%758 1,608,181 1,301,779 Supplementary Total am't profits during 71,347,743 1 to For the six months only, Jan. 3»fl p. o. 1 to $4,858,572 $134,667 rot.auit of profits during year. 72.026 Int. credited depos. same per'd 72.734 Exp.of institution, same per'd. Amt. of dep. on wh. Int. is aU'd. 3,1 24,3 1 2 to 4p. c. Bate of interest *$73,336 *38,151 *39,418 $194,673 118.453 97,467 3,235.0(d9 2,853,664 2 to 4 p. c. June 56,315,727 1 to 30. A\ p. o. 2 to 4 p. 0. 1 to 4^ $35,935,689 $31,858,076 $28,375,694 — $2,000,000 5,000,000 958,063 $2,000,000 6,000,000 1,326.798 Undivided profits (book value) do (market value) (1,326,798) do 993,437 Deposits In trust General deposits, pay. on dem. 20,81 5,320 Due trust compajues .......... 1,597,546 2,131,935 Due savings banks 1,832,798 Due banks and bankers 237,855 Other liabilities $2,«0»,900 5,000,000 1,8/9,911 3,709,361 263,252 914.982 16,906,840 387.280 1,«29,527 969,997 209.005 $35,935,689 Total Supplementary— Tot.am'i of profits during year. $1,571,769 660,119 Int, credited dep's same per'd. 137,775 Kxp. of Instltut'n same per'd. 320,000 Am't of divs. dec. same per'd. Am'tof dep.on whlohintlsall'd 25,570,615 1 to 4 p. c. Rate of interest $34,85S,076 $28,375,694 *$?03.632 *296,233 *69.609 *320,000 25,647,000 $1,442,561 607.415 1,016.479 (1,016,479) »88,496 18,577.400 1,473,177 1^2 to 4^2% ( ) 132,650 316,352 19,293,731 li4to4Hjp.O. Morton Trust Company (New York). J^une 30, '04. (4,893.433) ) $5,021,540 Surplus fund Manhattan Trust Company (New York), D£C. 31, '04. Resources— $9,.«500 Bond? and mortgages Stock Investm'ts (book value).. 5,«28.54'5 do .market value) (6.157,883) do Amount loaned on collaterals. 8,894,286 1,000.500 Cash on hand 3,62.5,n5 Cash on deposit 250,689 Other assets ( $5,076,973 — Capital stock ) ( 216,318 6,785.P22 623,650 106,112 116,530 3,233,236 10,658 liabilitiea Liabilities 1,000,000 488,218 (507,267) 3,098,003 201,166 737 Total $9,174,362 Liabilities (201,166) Dee. 31, '04: June 30/04:. Dec. 31, '03. Resources— $3^4,000 $182,000 $282,000 Bonds and mortgages 2,266,452 4,378.385 Stock Investm'ts (book value).. 3,143,279 (2,266,452» (4,378,385) do (market value) (3,143,279) do 24,171,V0J 22,372,618 Am't loaned on collaterals .. 28,817,457 e38,5'S3 615.000 615,030 Real estate (estimated value).. 206,741 523,145 14,671 Cash on hand 2,153,119 4,648,918 3,195,450 Cashon deposit 344,208 339,428 367,832 Other assets 441,210 46,423 322,421 6^3,878 145,930 $10,297,029 Capital stock ) ( Metropdlitan Trust Company (New York). $10,453,754 Total $500,000 1,000,000 239,753 p. o. Pec. 31, '03. 3,94^,530 165,^00 40,735 681,612 1,039,«55 95,463 $500,000 1,00 ,000 66.281 20,120 Total.. .„ $500,000 1,198,737 1,10 5 Supplementary 30, '04. /une 3,249, '^22 $4,858,572 268 470 Co. (Brooklyn). $1,045,550 $5,021,540 2,929,734 1,383 68,620 101,080 18,002 Other 33 liabilities 2,746,520 $5,076,973 Due trust companies Due savings banks 803,330 Due banks and bankers 1,170,362 $1,385,522 (1,421,945) 114,863 504,864 106,803 Capital stock Surplus fund Uncilvlded profits (book value) do do (market value) Gen'l deposits payable on dem. 225.863 5,000 Other — Dee. 31, '03. 1,391,977 60,053 8ii,631 Other assets Liabilities J'Mne30,'04. $l,450,5fi3 (1,450,563) 2,221,494 52.624 99,540 1.148,V56 49,063 Cash on hand Cash on deposit ) ( Dec. 31, '04. Stock Investm'ts (book value).. $1,471,312 (market value) (1,471,312» do do Amount loaned on collateral* 2,05 1 ,267 Am't loaned on pers'l securities 22,733 . Total [Vol. lxjx- p. 0. Dee. 31, '04. .Tune 30, '04. Dee. 31, '03. Resources— $9,471,668 Stock Investm'ts (book value) $8,412,570 $11,363,185 (9,471,688) (8,412,570) (11368,185) do ( mark <^t value) do Amount loaned on collaterals. 41,903,2-18 29,953.012 18,492,346 4,2t9,.'^09 3,459.000 288,660 Amt. loaned on pers'l seourltlea 127,7il7 .9,931 95,173 Cashon hand 15,?3l,384 15,6'-1,698 9,963,811 Cash on deposit 776,244 564,818 I,614,9e4 Other assets $52,278,416 $61,134,510 $48,271,082 Total Liabilities — $2,000,000 2,000.000 Undivided profits (book value) 4,587 311 do (market value) (4 537,311) do 1,358,712 Deposits In trust General deposits pay. on dem. 44,503.4P5 4,714,277 Due trust companies 1,236.184 Due savings banks l,731,0'.l Due banks and bankers. .. 146,888 Other liabilities Capital stock Surplus fund $2,000,000 2.000.000 4.145,863 $2,000,000 2,000,000 4,086,789 (4,145,863) 1,834,322 44,219. 00 4,127,371 1,452,363 -.) < 938,171 33,941,815 2,637,868 1.234,861 1,347,5*3 84,035 1,19-<,915 156 576 $62,278,416 $61,134,il0 $48,271,032 Total 8upplem.entary— •$878,888 $2,037,721 rot. amt. of profits daring year. f2,198,'76 *461,535 981,037 942,517 Int. crediteci depos. same per'd *119,626 242,088 2*9,257 Exp. of institution same per'd. *v;00,000 400,000 400.000 Amt. of divs. decl'd same per'd 23,758,402 43,853,396 Amt. of dep. on wh. Lnt. is all'd. 4 6.21 7,345 1 to 3 p. c. 1 to 3 p. 0. 1 to 3 p. c. Rate of interest Mntnal Alliance Trust Company (New York.) Dec. 31, '04. /Mne30,'04. Resources$9,750 Bonds and mortgages Stock Investm'nts (book value) 1.531,020 $1,314,038 (1,816,131) do (market value) (1.546,421) do 1,3='2,538 Amount loaned on collaterals. 3,003,204 1,740.713 Am't loaned on pers'l Siour's.. 1,108,314 179,724 Ifi7.521 Cash on hand 509,605 510,780 Cash on deposit 187,875 194,805 Other assets Total. [jiabilities .... .vAU^v.- $1,120,728 (1.109,658) 1,066.661 1,969,669 356,190 443,122 33,790 ^ "$6,520,424 $5,314,493 $4,990,160 $500,000 600.000 11.123 $500,000 500,000 7,4»0 $500,000 500,000 18,227 (26,52-) (9,582) 40.194 5,429,192 61.915 7,422 4,266,487 33,094 „ „li.516 $6,520,424 $5,314,493 $4,990,160 — Capital stock Sur.lusfund Undivided profits (book value) do (market value) do Deposits In trust Gen'l deposits payable on dem. Other llablUtles Total Dee. 31, '03. — Supplementary Tot. am't of profits dur'g year. ( ..) 3,932.274 28,144 ^ •$132,874 $218,709 "49 721 43,610 Inn. credited depos. same perd *49.928 99.0.°.4 8|'12? Exp. of Institution same per'd. 2,392,434 3,369,3-9 Am't dep on which Int. Is aU'd 4,229,533 2to3»«p.o. l««to3>ap.o. 2 to 3>a p. o. Rate of Interest * $271,145 101,162 For the six monthB only, Jan. 1 to Jane 80. /7 Feb. 3 THE CHRONICLE. 4, 1905.] Nassau Trust Company (Brooklyn). Resources— Dee. 31, '04. Bonds and mortgages $541,483 Stook Investm'ts (book value), 1,601,883 (market value) (1,601,883) do do Amount loaned on collaterals. 3,813,363 An? t. loaned on pers'l seourit's. 937,425 Real estatu (eat. value) 166.000 Cash on hand 812,138 Cash on deposit , 854,813 Other assets 94,793 Total — $8,821,900 Capital stock $500,000 566,^66 Liabilities Undivided do profits (book value) do (market value) (.— Deposits intrust Gen'l deposits, pay'ble on dem. Other . .^66,705 166,0; 1 98.347 327,9«7 708.173 113,e08 $8,133,650 $7,056,579 $500,000 516.591 Total ( 67,744 6,2^6,955 15,000 747,027 ) 66,119 4,647,387 65,000 941,266 300.354 30,d45 30.333 Dec. 31, '03. $430,018 3.628.485 (3,585,820) 7,062.074 1,205,643 290,967 593,993 946,998 209,346 $17.8c4.277 $17,268,059 $14,367,524 $1,000,000 Surplus fund (book value) 1,000.000 Undivided profits (book value) .'=>67.3^4 do do (market value) (632,995) Deposits in trust 368,922 General deposits, pay. on dem. 13,0<'7,43o Due savings banks 923,^27 Due banks and bankers 170,037 Other liabilities 8 17,227 $1,000,000 1,000,000 527.512 $1,000,000 1,000,000 573,102 (473,98!) 48.- .791 (530,436) 194, 38 9,84 0,474 99-, 113 Liabilities— Capital stock $500,000 506,108 (525,063) $8,821,900 — 3.932,715 166 000 e99,106 915,794 1,197.432 51,447 41,018 . (93\855) 3,918,001 1,078,210 Company (Brooklyn). Resources— Dec. 31, 'f 4 Juue 30, '04. Bonds and mortgai?e8 $584,^66 $396,176 Stock invest'ts (book value) . 5,0"^2,193 4.3b3,726 do ao (market value). (5,117,>:55) (4,3 Oi95) Amount loaned on collaterals. 7,272,9 1 7,373 01 Am't loaned onpers'l secuiit's. 1,737,855 1,628 303 Real estate (estimated value)... 3 5,115 2«5,617 Cash on hand 1,536,181 1,443.^31 Cash on deposit 1,170,0^4 l,5t)3,l77 Other assets 185,406 213,523 9ti3,97H (926,230) CO 15.< liabilities Total 917.759 71.818 6,378,819 Due trust compaides Due savings banks Due banks and bankers People's Trust June 30, '04. Dec. 31, '03. $340,133 $337,4 33 ) 581 12,466 045 787,433 238.850 762,928 131,107 629,992 $8,133,650 $7,056,579 Total $17,854,277 $17,268,059 $14,367,524 $335,104 Supplementary— *$140,423 $330,452 197,550 '97.387 157,141 Total am't profits during year. $677,514 $*337.257 $5?6,647 64,245 *32,909 52,372 Int. credited den's same per'd. 382,114 *17 6,565 328,033 Amt.of divs. decl'd, same per'd * 15,000 30,000 Exp. of institut^n, same per'd. 30,000 102,605 *50.723 99,653 Amt.of dcp.onwhichint.i8 all'd 7,714,516 2 Am't divs. 7,0-6,727 declared.same per'd 6,020,1 120,000 *60,000 1 20,000 Rate of interest 2 to 4 p, c Am't 2 to 4 p. 0. of dep.on which 2 to 4 p. c. Int.is all'd 14,328,847 13,373,391 11,078,156 Rate of interest on same 2 to 4 p o. New York Life Insurance & Trust (New York). 2 to 4 p. 0. 2 to 4 p. 0. RestnircesDec. 31, '04 JMn*30,'04. Dee 31, '03. Bonds and mortgages Queens County Trust Co. of J<iuiaica. $3,265,181 $3,702,927 $4,143,401 Stock Investments (book value) 9.905.575 9,019.996 8,80 ,672 Resoureado j)ec. 31, '04. June 30, '04. do (market vale) (11313,675) (10076,497) Bonds and mortgages Amount loaned on collaterals. 7.840..^73 (10226,023) $266 200 $36,000 4,371,610 6,07.' ,282 Stock invest'ts (book value) Am't loaned on pers'l seourit's 12,382,980 427 i86 339.151 12,71 4,.S24 10,115,606 Co flo ...'.'.'.'.11'. (market value) Real estate (est. value) (427,i86) 1.686,207 (342,343) 1,686,562 1,602,317 Amount loaned on collaterals.. Cash on hand 251.100 3,HK),0<)0 51,667 3,10< ,< 00 3,000.000 Amt. loaned on pers'l pecurlties. Cash on deposit 71,062 1,394,543 2,720 1,708,087 1,201,052 Real estate (< stimated value)..., Other assets 1,100 588,997 565,161 1,962,000 Cash on hand ll,lb5 '16,682 Cash on deposit , Total 156,2-3 341,895 $40,162,056 $36,868,562 $36,905,330 Other assets — LiabUities 10,132 Supplementary Total am't profits during year. Int.oreditPd Uep'8,«ameper'd. Exp. of institution, same per'd -i 19.372 Capital stock Surplus fund $1,000,000 2,703,028 Undivided profits (book value) 34,621 do do (market value) (l,?i0»,21 3) Deposits in trust 33,272,785 Due savings banks 64,570 Other liabilities 3,087,032 Total $1,000,000 2,640,170 34,115 $1,000,000 3,89.'* ,923 31,321 (1,305,385) 29,97<»,164 ( ) 28,849,209 68,. 98 3,065,179 69.680 3,145.433 $40,162,056 $36,868,562 $36,905,330 Total am't profits during year. $1,726,8<3 Int. credited dep's same per'd. 981,480 Exp. of institution, same per'd 126,321 Am't of divs. decl'd.same per'd 400,000 *$903,934 *484.i76 $1,826,690 1,008,368 153.431 400.000 28,912,408 Supplementary — 6^458 *200,000 30,048,843 1 to 5 p. 0. Amt.ofdep.on which int.ls all'd 33,337,355 Rate of interest 1 to 5 p c New York Security & Frnst Kesoftrces- Co. Dec. 31. '04. Bonds and mortgages $2,745,933 13 140.250 OO 1 1.576,490 (115'H,490) 19,973,176 10,717,731 (10717.732) 18,944,328 ' $2,189,< trust companies l>ue savings banks 2,397,.'M0 22,58^,407 337,982 20,778 4,495,^39 516,168 $60,420,173 $35,263,244 Due banks and oankers Other liabilities. $3,000,000 "" 9,239,945 4,278,423 09 6'iiH'^?'\ ( J ) 27,IS^^^ 89^,920 17.132 5,56=1.727 193,39:* 55,994 44,168 41,873 $63,968,235 $60,420,173 $35,263,244 Total am't profits during year. $2,417,030 tat. credlrnd dep's same per'd. 1 3*2 5-8 *.xp. of mstitut n wame per'd. 239'7S0 *$1,108,914 •67«,621 $2,208,546 80 156,799 320.000 SupSmenta;^- Am of div. decl'd Siime per'd.. Am tof dep.i.nwhichintlsall'd t Rate of Interest *147. 63 '.'ooo 48,lzl,445 lto3»;p.o *330,000 44,228.430 1 to 3»fl p. 0. 1,126,6 5 a^^r L^k;- $2,000,000 ' Undivided .... profits •? (book value) rk^JL"* In ^° (market value) Deposits trust °° "lemand nn«%''r,l=f''^****' ^"^^l XJue trust compatiles " Due savlnKs banks. ... , ^.",?„^'^.'*^'!,^.'?<1 Other bankers liabiliiies Total ^ Suppumentary- Total am't V. $2,000,000 3,000.000 1 8,910 il.OO ',0t'0 29i 95s (280,302) 84o "7 9,20«)!l 36 4 2iK^n^ 7U7II Z^Sb.Hit * 6,832,785 6.18- ,328 3,46.S,376 2,743 . $19,063,912 ( .- ) ^s-2 504,342 1,441,082 .'^4.245 00 '7«>,000 ::::::--" ril^t^^^^ 12,447,161 2 to 4 p. 0. 140.000 11,11«,823 For the six months only, Jan. 1 to June 30. " Int cred. dnp's same period Exp. of Institufn same period Am'tof dep on whlohint.le all'd Rate of interest $1,194,148 $807,987 $500 000 las'yso $600,000 H'0,000 (128,230) (104,752) 128.230 515,617 1 0,000 301 2,060 193,177 $1 194,148 $807,987 $28 181 •$2,370 *186 *122 *203,102 2 to 3 p. 0. 2*931 6*808 562 Val ',\ 2to3Jflp. c. '12,750 Real Estate Trust Company (New York). '" Dec. 31, '04. .Ttine 30. '04. D€c. _ oi^T"'*''^ Bonds and mortgages $197,500 on hand Cash on deposit Other asset* ('ash $250,500 1,771,7,^)2 (1,771,792) 1,232,('62 (1,240,882) 41.990 4,896,461 8,500 394,795 1,103,843 36,137 5,203,547 3,5C0 372,912 627,710 46,212 $8,902,256 $8,415,028 $7,736,445 $500,000 250.000 400.890 $500,000 $500,000 250,000 397,004 40.i,4i6 '.'.'.'.'..'.'.'. lotal. ................. — 76M65 .. Capital stock Surplus fund Undivided profits (book value) do do (market value) Deposits in trust Other liabilities. Total. Supplementary — 3^7.231 7,117,187 (405,823) 6,52 ,852 31,000 15«t,610 66,590 $3,902,256 $8,415,028 $7,736,445 $30H.843 186.849 48.616 allowed 7,576,966 ,,„.. int. is 25. ,000 (400.^'90) 7,7.-0,.i«6 Total am't profits during year. Int. credited dep'rs same per'd Exp of Institution same per'd Amt.of divs. decl'd, same per'd Amt.dep. on wh. Rate of Interest 31, 03. $198,500 Stock Inves'ts (book value) 1.897.6«5 do do (market value) (1.897.665) Amount loaned on collat«rals. 5,527 192 Amt loaned on pers'l seourit's. 69,:i28 (397,231) •$1'^ 3,839 *95,S69 *26.742 •25.000 7,04S,V41 2 to 4 p. 0. .'0,000 l to 3^8 P.O. $352,414 215,240 53.203 50.000 8,389.i64 2 to 4 p. 0. Standard Trust Company (New York). Resources- '04 Dec. 3 June 30, '01. Bonds and m> rtgages $4i f 01 $68,3 Stock Inves'ts (book value)".".' 5,48«.;07 3.'^40,140 do do (market value) (5,639,762) (4,001,920) Amount loaned on collaterals 8,t4.,f<47 4,993,05 i Amt. loaned on pers'l seourit's. 315,038 157,310 Cash on hand 248,736 49,446 '.'.'.".'. Cash on deposit 4,970.180 6,604,393 Other assets 114.247 97,000 , Total Dec. 31, '03. *32,789 2,939,013 (2.973757) 6,156,844 299,178 17 1,605 4,327,t00 12o,f.23 $19,847,295 $15,892,811 $14,047,555 $1,000,000 536 540 $1,000,000 500,000 448,493 $1,000,000 500,000 39 ,883 (631,969) neposlts In trust 1.937,222 Gen'l dep., payable on dem'd.. 13,2641774 Due trust companies 1,544 251 Due savings hanks 457(528 Due banks and bankers 2^0. •-74 Other liabilities 346, 06 (510,279) 1,623.446 9.' 40.133 1,014.010 70^,971 392,-46 264,037 (406,724) 1,184,320 8,064.985 612,665 193,360 133,800 Liabilities - Surplusfund Undivided profits (book value) do Co market value) Total P00Oi'(» $19,847,295 1,92.=>,336 $15,892,841 $14,047,555 *$38R,151 $463,331 239,542 97.918 60,000 9,305,628 Supplementary $8"8.J*Ol 70,< Total Supplementary— Total am't profits during year $17,/Oo,93i *$372,082 *174 706 '74,770 ) interest 1,(33,043 1,981,9 3 7 HH <F857 '91 39!4;276 143,61 e (166.094) 942. > 4 5-4.106 159.050 Rat^of , Capital siook $2,00< ,000 o"rt 5 '.105 ...$2».106,4^« during year Intorertited dep'rssnme period profit's noo Due tru8i cmpanles Due banks and bankers 28,603,641 1 to 4 p. c. Niir.h ^'^''^'^^^ ^*''' ^"'"'^ '' ^ Resources'^"dI} JuneSO.'Oi. Dee 31, '03. " Z^'^r""^ Bonds and mortgages * $75,000 $87,500 Stock Investm'ts (book value)* 2..^,39.217 2,2HH.242 2.321, <;80 do do (market value).. (2,327, 56i) (2.298, « 65) (•2,239,000) Amount loaned on collaterals 7,123,797 S.bdV.On. Amtloaned on pi-rs'l securities 10,340,570 670 792 793,722 l,4 64,Hi8 Real estate (estimated value). 1,050 85(t,000 1,0.=)0,0>jO Cash on haud 74 1,715 631.918 d«p"8it":;:::::::::::::: iSiAll 6,35H.158 3,037,912 Other assets 358.888 547.4^4 600,240 $23JU6X6 $19,063,912 $17,705,9o8 Sn?n}n ^f^*"".? Surplufund.. Surplusfund (book value) J...."I"""J do do (market valup) Undivided profits (book value). Gen'l deposits pay. on demand. $1,000,000 (9,239,945) 38.279,016 4,243,471 47,816 — Capital stock Liabilities 3,39ri.075 44 277,300 111,000 $3,000,000 Surplus fund and undivided profits (book valu«» 9,.504,636 do do (market value) (9,504,636) Deposits in trust ) General dep. pav. on demand $ •*0,498,596 Liabilities • 1,194, 08 Capital stock. Due c. York). 31, '03 Dec--"-"'^ $291,300 1 *63,968:235 1 to 5 p. J^M«e30,'0t. ~"" Stock invest's (book value) do do (market value) (13140,2r>0) Am't loaned on collaterals .... 3d,852 510 Am't loaned on pers'l seourit's. 9^ 3 Real estate JH qo Cash on hand 2,109,'738 Cash on deposit 10,645.684 Other assets 402^243 U^iiies- (New Total 354.566 1.^8 845 2to4p,o. Total ami profits during year. Int credited deps., same per'd. Exp. of Institufn, same oer'd. Amt. of dlv8. deol'-i, same per'd ^ $706,607 367.026 97,003 80,000 Amt.of dep.on which Int.ls all'd 16.957.396 . Kate of Interest 2to4p. 0. * For the six months only, Jan. 1 to June *1.^3,105 '47.737 *30.000 13.300,525 1 to 1 p. 0. 30. 2 to 4 p. 0. THE CHRONICLE. 582 Title Gaarautee & Trust Co. (New York). Dec. 31, '04. /une 30, '04. Dec. 31. '03. Retourees— *9,874,S23 $9,724,814 Bonds and mortgages $9,319,847 3,497,265 3.0j2,694 Stock Investm'tB (book val.)... 4,965,924 (market value) (5,171,164) (3.014.903) do (3,505,835) do 8,20;^,.=>25 8,150,706 Amount loaned on collaterals. 11,333,160 1,695,468 617,805 Amt. loaned on pers'l eeour't'B. 1,936,643 319,000 320,000 320,882 Real estate (estimated value). 1,110,000 829,326 Cash on hand 1,054,364, 4,419.577 1,589,480 Cash on deposit 3,262,852 1,364,635 1,219,937 Other assets 783,935 [YOL. LXXX. United States Trust Company (New York). Resources— Bonds and mortgages Dec. 31, '04. $3,936,500 Stock investm'ts (book value). 9,861.560 do do (market value) (10120.119) Amount loaned on coUaterals. 40,302,700 Am't loaned on pers'l securit's 9,584,942 Real estate (estimated value).. 1,000,000 Cash on deposit 8,462,467 Otherassets 480,811 Total $32,977,617 $30,583,848 $25,484,762 $4,375,000 5,125,000 Surplusfund 333,229 Undivided profits (book value) do do (market value) (538,469) 44l,9"5 Deposits In trust Gen'ldep, payable on dem'd.. 20,306,330 212,122 Due trust companies Due savings banks 1,572,701 Due banks ani bankers 98,622 612,638 Other Uabilities $J, 375,000 4,ti25,O0O $4,375,000 3,625,000 780,035 'Io%al Liabilities — Capital stock Total Supplementary $32,977,617 — Total am'torotlts during year. $3,581,801 592,961 Int. creditea deps., same per'd. Expens. of Instft'n, same per'd 287,599 525,000 Amt. divs. declared, same per'd Amt. of dep. on wh. int. allowed 22,300,697 Rate of interest l^a to 4 p c. 21,547 (30,117) 291,620 18,216,982 166,605 1,951.597 283,142 632,355 $30,553,848 *$1.705,817 *273,493 *598,860 '525,000 20,592,614 l'-2to4p. o. Trust Company of America (New Regourees— Bond and mortgages $480,468 Stock in v'stm'ts (book value).. 8,416.931 do (market value) (8,550,055) do Amount loaned on coUaterals. 10,456,063 Amt. loaned on pers'l securities 1,693,083 108,720 Cash on hand Cash on deposit 2,313,792 212,693 Otherassets Dec. 31, '04. Total $23,681,750 Liabilities— Capital stock $1,000,000 3,000.000 210,698 Surplusfund Undivided profits (book value) do (maiket value) 'do (343,802) Deposits in trust 235,343 Gen'l deposits payable on dem. 13,892,683 Due trust companies 2,668,663 Due savings banks 848,593 Due banks and bankers 1,737,187 Other liabilities 88,583 .) ( 201,576 14,400,757 322,278 1,2H6,720 123,693 389,703 $25,484,762 $2,695,942 $44'' ,594 1,061,546 525,0< 16,039,794 lJato4p. o. York). Jtme30,'0i. $653,061 8,229,396 Dee.3\,'03. $«12,75l 7,234.008 (8.229,396) (7,234.008. 7.699,253 663,840 57,896 4,234,978 9,554,810 127,700 190,030 4-<,472 2,696,715 156,849 $21,728,454 $20,431,305 $1,000,000 2,500,000 644,565 (644,565) 400,320 13,010,035 1,427,755 983,694 1,635,457 126,628 $2,500,000 2,500,000 574,850 ( ) 221,940 11,147,238 698,547 875,585 1,555,097 358,048 Total $23,681,750 $21,728,454 $20,431,305 Supplementary — *$410,791 Total am't profits during year. $1,003,480 $988,770 ^211,199 416,142 Int credited depos. same per'd 457,824 "61,987 Exp. of institution, same per'd. 116,117 127,355 *100,000 Amt. of divs. deol'd same per'd 170,000 200,000 Amt.ofdep'sonwh.int.lsaU'd 19,075,542 15,836,459 14,285,536 1 to 4% 1 to 4 p. o. Bate of interest Ito4p.o. Union Trust Company (New York). Resources— Dec. 31, '04. June20,'0i. Dee. 31, '03. $6i 2,000 Bonds and mortgages $227,000 $297,860 15,359,135 Stock investm'ts (book value). 15.087.068 9.806.O96 (market value) (15087,068) do do (15555,014) (9,507,116) Amount loaned on collaterals. 41,537,130 31,929,561 42,450,742 Real estate (estimated value). 1,900,000 1,900,000 1,900,000 2,5X8,301 Cashon hand 3,535,234 2,319,496 on deposit 1,501,812 6,675,313 2,201,054 Cash 344,251 407,274 464,544 Otherassets Total $63,520,563 $60,229,397 $59,140,811 $1,000,000 $1,000,000 7,^^54,972 Surplus fund (book value) do (market value) (7,^54,972) do 48,96.=>,8i5 Deposits In trust 7.57'',724 (7,774,604) $1,000,000 7.P61,531 Liabilities — Capital stock Due trust companies Due savings banks Due banks and bankers 4^^9,397 3,113,180 1,260,077 837,109 Other liabilities $63,520,563 Total Supplementary — Total am't profits during year. $2,370,912 Int. credited dep's, Exp. of Institution, same per'd same per'd 1,366,342 222,849 Am't 500,000 of dlvs.decl'd.same per'd Amt.ofdep.onwhlchlnt.isall'd 52,638.645 Rate of interest 1 to 312 p. c. (7,662,551) 43,787,871 358,727 3,648,800 2,695,400 963,995 42,828,096 $60,229,397 $59,140,812 *$1,236,774 '722,152 *107.570 *250,00O 49,586,439 1 to 4 p. 0. 498,6r.4 4,68',^,643 46,189 2,422,679 $2,857,612 1,622,181 222,224 500,000 47,027,242 1 to 4 p. Total — Total 73,628,980 Supplement arti Total am't profits during year. $3,281,570 Int. cred. dep's, same period.. 1,501,634 Exp. of institution, same per'd. 192,715 Am'tof divs. decld. same per'd 1,000.000 Amt.ofdep.on which Int.isall'd 57,340,050 — $41,423,458 $32,694,649 $2,000,000 $2,000,000 3,000,000 $2,000,000 3,000,000 415.355 3,'^00,000 (611,304) 508.<i99 (602,371) €20,073 Deposits in trust General deposits, pay. on dem. 24.476,766 2,477,993 Due trust companies 475,5.'^ 3 Due savings banks 2,219,404 Due banks and bankers 11,781,012 Other liabilities 491,272 15,019,514 1.993,345 425,187 5,936.598 11,989,443 742,022 12,714,756 1,850,790 379,981 783,992 10,807,753 $48,123,536 $41,423,458 $32,694,649 Total am't profits during year. $2,405,873 968.329 Int. credited dep's, same per'd. *.J862,e'14 $1,622,791 -461,033 *141,022 *160.000 23,371,524 857,7'JO 572,734 (498,790) Supplementary— 321,838 400,(00 Am'tofdep.onwhlchlnt.lsall'd. 29,702,764 1 to 4 p. c. Rate of interest Exp.of institution, same per'd. Am'tofdlvsdecl'd, same per'd. * For the six months only, Jan. 1 to June Ito4p.o. 30. lto3p. Rate of interest o. $2,000,000 10.000,000 2.250,114 $62,311,766 $2,000,000 10,000,000 2.426,905 (2,509,883) 49,443,872 3,672,078 3,212,617 1,162,303 1,036,029 ( ) 41,586,540 1,671,633 3,622,203 81,545 922,940 $72,777,013 62.311,766 *$1,604,243 *775,326 *I09,744 *500,000 56,519,560 $3,369,824 1,825,297 198,799 1,000,000 45,928,237 lto3p. c. lto3iap. 0. Yan Norden Trust Company (New York). ResourcesDtc 31, '04. Bonds and mortgages $649,000 1.44l^,000 Stock Investm'ts (book value). do (marliet value) 1,509,333) do Amount loaned on collaterals. 2,956.887 Am't loaned on pers'l seour's. 1,362,748 Cash on hand 234,585 jMwe30,'04. $273,673 1,382,138 Dec. 31, '03. (1.386,974) (1,015,551) 2,792,318 1,290,938 271,718 870,317 1,032,917 $527,800 1,008.650 Cash on deposit 2,.'<60,417 Otherassets 1,267,276 2,132,623 1,751,517 304,448 1,929,597 974,533 $10,475,913 $8,748,529 $7,794,658 $l,0fi0,000 $1,000,000 1,000,000 101,224 Total Liabilities— Surplusfund Undivided profits (book value) do do (market value) 1,000,000 209,584 $l,r00,000 1,000,000 138,537 (273,917) (143,37i Deposits In trust Gen'l dep. payable on 948.050 4,848,670 146,088 443,821 1,664,097 215,603 508,412 3,156,632 175,827 507,623 2,001,607 259,891 $10,475,913 $8,748,529 $7,794,658 $425,612 146,268 158,538 *$197,1S8 *67,841 *87,033 5.457,028 $334,363 104,007 128,150 4,972,377 p. c. 1 to 4 p. 0. Capital stock demand Due trust companies Due savings banks Due banks and bankers Other liabilities Total — Supplementary Tot. am't profits' dur. the year. Int. credited dep's same per'd. same per'd. Exp. of institut'n Am.ofdep.onwhichint.l8all'd. 6.243,379 average.. Av.2-57 p.o. Av.2 iio Rate of interest ( ) ) 729,618 2,732,781 742,186 392,351 821,984 274,514 Washington Trust Company (New York). Res<mrces— Dee. 31, '04. Bonds and mortgages $434,225 863,050 Stock Investm'ts (book value). (market value) do do (863,050) Amount loaned on coUaterals.. 9.847,960 Amt. loaned on pers'l securit's. 159.097 Cashon hand 3,444 626,438 Cash on deposit Otherassets 90,258 /une30,'04. $440,800 914,585 (914,5*^5) (604,685) 8,773,250 270,000 105,130 1,506,780 219,246 8,430,450 147,500 457,251 461,528 259,e3J — $12,024,472 $12,229,791 $10,783,233 Capital stock Surplus fund $500,000 500,000 505,337 $500,000 500,000 472.414 $500,000 500,000 452,512 (505,337) (472,414) 8,993,741 15,160 1,466.278 43,956 9,055,317 75,000 1,576.343 50,717 7,529,852 35,868 1,702,056 62,945 $12,024,472 $13,229,791 $10,783,233 $552,013 300,211 66.658 60,000 10,459,175 *$274,942 '157,203 *33,867 "30,000 10,629,160 1 to 4 p. 0. $521,851 309,889 74,635 60,000 9,236,153 Total Liabilities Undivided profits (book value) do (market value* do Deposits in trust and general deposits payable on demand. Due trust companies Due savings banks Other liabilities Total Supplementary — Total am't profits during year. credited dep's same per'd. Exp. of Institut'n same per'd.. Am't of dive, decl'd same per'd Int. Amtofdep.onwhichlnt.lsall'd Rate of interest lto4p. c. Dec. 31, '03. $402,800 624,165 ( lto4p. ) c. Wiliiamsburgli Trust Comoany (Brooklyn). $48,123,536 Surplusfund Undivided profits (book value). do (market value) do $2,000,000 Surplusfund 10,000,000 Undivided profits (book value) 2.342.^73 do do (market value) (2,601,232) Deposits in trust and general deposits payable on demand 51,757,428 Due trust companies 2,856,683 Due savings banks 3,403,361 Due hanks and bankers 226,220 Other liabilities 1,042,615 Resources— Bonds and mortgages 266,511 320,(i()0 16,090,277 1 to 4 p. c. Dec. 31, 'OA. $885,094 l,453.S8-< Stock investm'ts (book value). do (market value) (1,457,200) 8tdo Amount loaned on coUaterals 2,637,198 863,281 Am't loaned on pers'l securit's 409.022 Real estate (estimated value). Cash on hand Casli on deposit Other assets Total Capital stock Total $73,628,980 $72,777,013 Liabilities— Capital stock United States Mortgage & Trust (New York). Dec. 31, '04. June30,'04.. Dec. 31, '03. Resmirces— Bonds and mortgages $10,950,562 $10,595,617 $10,376,811 6.040,.598 Stocklnvestm's (book value)... 10,451,681 6,841,375 do (market value) (10490,251) (6,134,869) (6,924,816) do 12,901,416 Loaned on collaterals 17,124,720 10,298.714 531,380 107,448 Loaned on personal securities. 158,575 554,750 Cash on hand 617,256 596,363 7,196,665 9,143,850 3,211,490 Cashon deposit 1,655,847 1,262,448 Other assets 1,624,057 Liabilities /Mne30,'04. Dec, 31, '03. $4,101,500 $3,971,500 12,579.448 8,146.125 (12839,216) (8,362,392) 35,943,200 34,926,770 10,554.793 5,658,902 1,000,000 1,000,000 8,031,516 7,759,038 566,5£6 849,431 Liabilities — 7Mne30,'04. $391,300 2,010,852 Dec. 31, '03. (1,979,192) (1,669.359) 2,208,859 1,002,578 2,559,799 844,313 198,368 $297,350 1,776,353 513,010 624,440 44,153 364,033 438,502 639,275 70,550 $7,329,786 $7,125,949 $6,622,242 $700,000 350,000 $700,000 350,000 185,470 238,964 654,678 52,417 164,888 $700,000 350,000 132,827 (168,490) (101,168) 26,777 5,887,541 177,546 2,703 20,331 26.210 5,527,080 242,589 102,677 44,566 40,578 4,862,710 302,222 102.651 18,611 Total $7,329,786 Sxipplem.enlary— $334,299 Total am't proHtH during year. 144,582 Int. credited dep's, same per'd, 76.539 Exp. of institut'n same per'd. 56,000 Amt. of divs. deol'd same per'd Am'tofdep.onwhichlnt.tsall'd 6,070,572 2 to 4 p. c. Rate of Interest $7,125,949 $6,622,242 *$141.598 *68,110 *38,802 *28,000 5,843.020 2 to 4 p. 0. $257,168 115,741 72,547 56,000 Capital stock Surplusfund Undivided prolits (book value) do (market value). do Deposits in trust Gen. depos. payable on dem'd. Due savings banks Due baukrt and bankers Other UablUtios * For the six months only, Jan, 1 to June 30. ( ) 5,327,583 2 to 4 p. c. . . . Feb. Dec. 31, '04. Resource!— J'wne30,'04. $805,000 .fTl.S.OOO Btook in vestm'ta (book value). 1.787,983 (market value) (1,790.720) do do Amount loaned on ooUaterals. 2,819,414 63,715 Am't loaned on pers'l seourlt's, 255,276 Cash on hand 1,071,331 Cash on deposit 218,684 Other assets $1,303,587 (I 303,587) 3,195,851 42,950 395,620 1,436,753 161,457 $7,021,403 $7,251,218 Total Dee. 31, '03 Gold Movimint at Nhw Yokk. $ 1,785.538 Month. (1,785.518) 1904. 109,875 864,790 205,025 $5,568,532 t lanaary... February. March April Total $1,000,000 482.520 $1,000,OCO 475,042 (482,520) 4,784,872 807,381 167,900 8,545 2,939,617 8a,916 331,957 $7,251,218 $7,021,403 $5,568,532 May Total am't of profits dur'g year Int. credited depos. same per'd Exp. of institution duriDg year Am'tdep. onwhlchint. Rate of Interest isail'd *$121,015 63,636 *49,901 5,641,693 $304,261 119,863 89,041 5,216,930 2to3iflp. 1 to 313 p. o. $308,558 99,677 127,360 4,067,921 Av. 298 o. p.o. For the six months only, Jan. 1 to Jane 30. EustiMlt Financial The daily closing qnotatiODs for securities, etc., at London. Sat. Mon. Wed. Tues. 28I18 Silver, 8: Fri 28i« 28^4 88»<« 889ia 8811,6 98-9-2ifi 88% 99071a 90''8 5»8 Atch. Top. Banta Fe. 89% Preferred ............. 103 89% 90% 90B8 1031* 103 >« 10408 105 91 105 10516 106^8 60 24 104 104 7e 99 137 61 24 181 181^ ISOifl & Baltimore & Ohio 101% £9 Preferred — lS6>s Canadian Paoiflo 49 1« Chesapeake &, Ohio Ohio. Great Western... 23>a Chic.Mll. ASt. Paul... I7914 Chlo. Book I. & Pacific. 36ifl 105 99 99 ISCifl 136)fl 49% 24 180 36% 36 32)« 32i« 88 Preferred .......... 88H 44'78 Erie, common.......... 44% xt«l>s 82 iBt preferred 68^ 2d preferred 68'>'e x158% 159 Illinois Central 141 Louisville & Nashville. 140 ifl 2314 23 Mexican Central 33 Mo. Kan. & Tex., com.. 32% 67 67 Preferred Nat.RB.of Mex.,l8tpf. 44ifl 441a N. Y. Cent. <St Hudson.. 148 150 46 14 N. Y. Ontario* West-. 46I4 81>« Norfolk & Western smi 96 Preferred 95 88>fl Den.& Rio Or., com 81i« 154 70 45 47 Northern Secnrities Pennsylvania... & Phil a. Reading* let preferred* 2d preferred* Southern Pacific Sonthern Railw., com.. 168 44% 82 >• 68 154 140 14 23 32 67 1« 44 44% 44% 47 47 44i« 44% 44% 68% 68 Preferred 99 >« S9ifl 68I4 3473 99)4 Union Paoiflo 12238 12438 lii538 Preferred 101 U. 8. Steel Corp., com.. 3134 Preferred.... 97 100% 100 »fl Wabash Preferred Debenture * "B" 3514 85% 1S6% 51 24l« 3314 6II4 241a 181 851a 89 34 90 4418 8II4 4514 82>8 67 14 I6OI4 1411s 67 I69ifl U0»« 23 32% 32% 67ifl 671a 44 43 151i« 68 4314 162 46 le 46'8 81% 70% 81J« 96i« 1£C34 70*8 46ie 46 47 45 68 35 14 ICO 471a 451a 6816 S4% 96>« 152ifl 71i« 471a 48 47 6838 3514 100i« 100 124% 125''8 lOOifl lOOia 96% 96 »8 97 22ifl 22>« 22ifl 22ia 97 23 4514 45 71 45 70 45 70 31 451a 71 31I4 9708 23 46 72 FoREiaN Trade OF New York — Monthly Statement. — statement covers the total imports and exports of merchandise and the Customs receipts for the twelve first Month. two seasons. Mbechandish Movkmkntat N«wYork CnSTOMS RlCKIPTI AT NUW YOBK. Itnvortt. Export t. 1901. 1903. 1904. 1903. 1904. % 40,850,686 t 47,023,744 41,840,25' 14,708.884 1903. January... t 61,4H7,188 8'ebniary., 57,437,86i< 30,269.968 39,210,736 60,3 10,82'; 62,814,034 43,669,116 41,099.6~9 45,538,574 April 66,382,3* 50.331,126 14,606,91:5 14,913.20.S 13.814,962 Uarob 13,108,266 13,406,:i62 May 42,100,051 47,81!4,244 47,880.096 86,404,98^ 88,365,15( 12.lu9.942 12,402,a<)4 48.2S4.991 4V,876,83» 47,910,674 &0,^o6,18^ 39,322,4ft5 39,743,65;- 13,324.94>- 36,656,730 37,816.93' 12,991,148 47,672,94? 39.194,930 44,686,636 48,803,417 46.354.607 45,280.467 37,676,46. 15.015 97J 42,165,25(1 15,042.410 63,927,48i 15,904.941 12,861,271 15.629,889 16,1^9.614 i5.Se3.i22 14.422,025 13 307,201 13,315.098 June July AaRoat September October November. December. , Total... 52.798,439 49,2b0,9:0 67,934,310 67,902,844 57,993,680 % 50,161,08? 47,«98,H87 49,994,976 48,013,563 47,7T4.9n 3S5,83i $ 43,6S4,231 I4,701,71f 47,410,24( 13.fe3S,399 430.78;- August 243,588 466,428 225.391 333,42f 1.258,346 1,384.046 206.37e 3,a23,99P 154.«4^ % 36,63) 1,473,284 $ 4,801,308 3,265.946 8,710,178 897,88: 177,041 615,894 269.02- 2,982,462 11,837,97( 39S,85( 2,821,773 10,934,17J 218,682 257,89r 2,576,940 7,489.76b November.. December. 986,369 7.088,627 19 516,884 1,312,437 ll,511.01f 8,f61,E6i 422,347 534,683 110,260 178.100 8S6.163 Total... 11.081.277 25,540,185 108,18«.4fl8 ."'4,918434 September.. October 1904. ( 850.836 28»,492 283,164 3,548,135 3,475.334 818,^14 8,508.481 294,08^ 1.887.888 19,034 2,1S3.977 279,847 2.4G9.C64 3,(20,077 35,581.525 Stock of Money in Country.— The following table shows the general stock of money In the country, as well as the holdings by the Treasury, and the amount in circulation The statement for Jan. 1, 1904, will be on the dates given. found in the Chronicle of Jan. 9, 1904, page 84. 1 Money Jan. l.-^ r-Monevin Oireulation.-^ Held in IntheOntted Jan. lieasury. Statea. t Jan. 1, « (}Oldooln(lnc.bal'nlnTreas.)l,£46,952,e36 171.719.0S8 57,9*5 280 (Jold certlfloatea 1.343 673 568,484,968 Standard silver dollars 9,<'>-4.773 Sliver oertlflcatea 112,171,494 9,280,167 Subsidiary silver 11,019,000 78.946 Treasury notes of 1890 346.681,016 4.398,389 amted States notes Curr'cycert., Act June8,'72. 464,794,150 15.638,673 Nattonal bank notes 1, 1904. S 627,970.683 421,080,018 81,673.323 466.«36,290 19C6. « 649 548,528 466.7:'9.88« 80,039,396 4C8,ol7.227 102.»-91,327 97,*'31,36a 10.t40(54 16,828,863 348,872,438 — 848,287,627 ... 418,163,180 449,157,878 3,889,103.169 269.482,044 2,669,621,185 2,468,345,897 Total Population of the United States Jan. 1. 1905, estimated at 82.562,000; oirouatlon per capita, $31 12. * For redemption of outstanding certlfloates an exact equivalent In amount of the appropriate kinds of money is held in tbe Treasury, and Is not Included In the account of money held as assets of the Uovernment. + This statement of money held in the I'reasury as assets of the Government does not Include deposits of public money in national bank depositaries to tbe credit of the Treasurer of the United States, and amountlUK to 1103 800,101 60. P«r NariM of Company. Railroads (!<team). Baltimore* Ohio, com. and pref Cleve. Cin. Chic. & St. L.cem Cleveland & Pittsburgh, guar. (quar.). do Hartford When Cent PayabU do spec. guar.... Conn. Western 2 Mar 2 Mar Mar Mar 1^4 1 J Feb Feb San 1 Mar Adams Express 2 Mar American Chicle, com. (monthly) American Radiator, com. (qnar.) 1 Feb 1 2(' 1 1». Mar 31 St. (No. 120) Louis <fi> Fran., 2d pf. (qu.) [Vliscellaneous. 1 Feb 16 to Feb 28 Holders of rec Feb 7 Holders of reo Feb 10 1 Holders of reo Feb 10 28 Feb 21 to Feb 28 1 J 5 Panama <& Books Closed. (Days Inelusive.j 1 1 Feb 1 Feb 15 Holders do pref. (quar.) do People's Gas Light & Coke (quar.) Pratt & Whitney, pref. (quar.) United Slates Steel Corp., pref. (qn.). of reo Feb 15 to Ma? 22 16 Feb 10 18 9 to to to to to to to to to to to 8 to do do pref. (quar.) Feb Feb 15 Feb 5 Borden's Condensed Milk, com $4 Cleve <Si Sandutky Brew., pref. (qn.). l"^ Feb 16 Feb 6 Consolidated Gas of N. Y. (quar.) 2S Mar 16 Feb 25 Diamond Match (qnar.) N. E. Telep <fe Teleg. (quar.) NUesBement-Pond, com. (quar.) to to 2H Mar 16 Mar IH Feb 16 Feb \1K Mar 18 Mar Ih Feb 16 Feb 1\ Feb 25 Feb Feb 16 Feb 1»« Feb 2b Feb 6 1 J 2 9 Feb 2 Mar 1 Feb 11 Feb 20 Mar 31 Feb 15 Feb 15 Feb 28 Maris Maris Feb 14 Mario Feb Feb Feb Feb 16 26 16 28 Also declared l^a per cent payable June 17. —Attention is called to the offering by Otto E. Lohrke, Rosen & Co. of the Chicago Cincinnati & Louisville 4)^ per cent gold bonds. The bonds are jointly guaranteed by the In Cincinnati Hamilton & Dayton and Pere Marquette. ^r of the last 218,934 1,162,08P l,4e3,22.<i t addition to the other tables given in this department, made ap from weekly returns, we give the following figures hhe full months, also issued by our New York Custom House. months 741,92.' 2.664.7e> 67% Price i>er share. The 174,926 « 812,464 636,286 8,683,058 19.278,679 41,678.667 880,662 535 552 8.Si83 082 772,309 155.369 160 H 141 23 32% 96ifl 162ifl Exvortt. 1904. I 23 sm 71 100 138 4416 8158 124 98 IOOI3 3II4 31 51a 88)fl 814 70 99>fl 36% 8II4 ISaifl 90''e 321^ 152i« 45 !« 95 539 36 160% 45% 70 , 6i« 638 « S89,40t 267,674 London t^ Anaconda Mining Imvortt. 1903. 1905. Thurs. 27IB16 8888 1901. r-8toek week ending Feb. d. per ounce ^713i^ 8fclli6 88I2 Con80l8.,new, 2i« p. cts. 889,8 8811,6 8813„ 88181, For aocoant 8fa9ie Fr'oh rentes (In Paris) fr. 98 42J4 98*62>« 98-82H 98-82»« 9138 9078 90% ....••. Spanish 48 V!8J« 4,019.112 Marketa— C«r CaMe. are reported by cable as follows for the Exvorta. 1903. .Tone July Supplementary— * ImvorU. 8U.VXB-N1W YOEK 2,603,304 — $1,000,000 Capitalstock 570,398 Surplus fund (book value) do do (market value) (573,135) 4,832,422 Gen'l deposits payable on dem. 322,403 Due trust companies 287,793 Due b^inks and bankers 8,387 Other liabilities 583 The imports and exports of gold and silver for the twelve months have been as follows Windsor Trast Gompauy (New York). Bonds and mortgages : . THE CHRONICLE. 4, 1905.J Liabilities : . f 15,616,118 16,278,475 829,863,864 598.184,249 504.833.167 515.708,21!- I70,296,79i 172,470,726 Aaction Sales.— Amon? other securities the following not regularly dealt in at the Board, were recently sold at auction By Messrs. Adrian H. Mailer Son & : Stocks. stocks. 10 Singer MfK. Co 680 8,508 Tidal on Co.$16 lot 9,S98 Bookwalter Steel & 10 Oorpo. L qnldatlDg Co., Iron Co com $100 Int $22 lot i,965 Knlskerbooker Labrl. 15 South. A Atl. Teleg. Co..l05»e Oil Co 75 American Surety Co.... 199 $1 ea..$5 1ot lOTtffc, Weller Co.,pref... 65 4,166 Boston & Indiana Lab. on Co $1 ea..$7 lot 100 Internat Bank'g Corp. .155 lOON.Y. atandaid old MIn. 35 United Wine & Trading $1,175 lot Co $1 ea..ifi5)ot Co Bonds. 20 Amer. Exoh. Nat. Bank. 275% 54 Merchants' Nat. Bank 180% fPOO Harlena Olub of N.Y.2d 246 MechanlCB' Nat. Bank. .307 tB, 190S>, Feb., 1901, cou$25 lot 10 Hanover Nat. Bank 529 pons attached $13,f 00 So.Eieo.Seour. 1 40 N.Y.Plate GJaes Ins. Co. 260 100 Century Realry Co Co Ist ooll.tr.5i',0ci., 146 $7,105 95 ISOi. conpona on 2 Mitohfli-VaDoe Co !05 67Ja 80. Elect. Seour. 23 Westchester & Bronx Tl tie <fe Mort. auar.Oo....l67% Co. stock ,$2,500 Corp.of Cham.ot Com. 20 Nat. Bk. of Oommeroo..229 of N. Y. Bldg. Fund subpc. 35 N. Y. Mort. & Beo. Co... I )• noncatn. Iccome bond 48*fl $1,000 B'klyn City BR. Ist 106»« cons. 59. 1916 4>. J&J $117,000 Nassau Co Gas Co. '04, cou 1 Bt 58, 1933, Deo on $5 to $35 per bond 166%-170 140 Manganese Steel Safe Co.. oomnaon 5 6 540ie 25 National Park Bank 91 John Ereklne & Co., pref. , $2,000 lot £0 Title Guar. & Trust Co .6501* 1 THE CHRONICLE. 5^4 Sew Kork City Clearing Uoase Baaks.— Statement of condition for the week ending Jan. 28, 1905, based on ayer- &gQ of daily resiilts. We omit two ciphers (00) in BAN-KS. Capital. Loans. Surpltis. all eases. Specie. LegaU. Merchants' Mechanics'. Anierica Phoenix ... City Chemieal .. Merch. Ex . (iallatin But. & Drov Mech.&Tra. Green wlcli Ajner.Kxch- Commerce.. Mercantile Pacific Chatham ... ... People's N. America Hanover ... Irrlng Citizens' .. Nassau Mar.A Fult. Shoe<feLthr. Corn Exch Oriental . ... Imp. <& Trad Park East River Fourth Second First N.Y.Nt.Kx. Bowery ... N. Y. Co ... German Am Chase Ave .. German Kx. Fifth Germania .. Lincoln Garflftld. Fifth Bk. of Met.. West Side.. Seaboard .. IstN.Eklyn Liberty N. Y.Pi. Ex New Amst. Astor L T Deposits Se. $ $ 2,556,6 19,395,0 2,471,2 S 1.205.0 1.407,0 15,603.6 3,275,6 22.271,0 3,641,3 2o,813,ff; 3.309,0 265,8 17,397,9 176.911.8 7,644,1 26.601.6 6,339,0 356,4 9.08JMJ 2,238.0 1,953,3 121,3 4.748,0 384,6 3,663.2 637.7 4.266,6 28,710,7 11,629,6 H50.035.2 4,:}36,8 24,738.9 3.2S7.3 631,7 6,189,3 1,057,8 418,0 2,069,1 2,0il,8 17,467,0 6,648.6 49,893,8 6,784.0 1,039,0 679,6 16,952,2 323,1 8.118.7 8,608.3 1,299,2 381,2 7,476.3 3,298,7 29,793,0 7,418,4 1.096,9 6,607.1 24.799,0 7,091,1 72.886,0 1,196.7 99,5 2,935,0 20,965,7 1,462.6 9^86,0 16,'.;40,1 105,941,8 8,389,2 890,3 3,099,0 772,1 707,1 8,970,1 4,l;;9,7 642,7 4,175,2 46,509,2 9,687,5 1,797.4 2,355,1 697,9 2,i;39,9 879,4 1,362,1 14, .542,8 2,000,0 2,050,0 2,000,0 3.000,0 1,500,0 1,000,0 25,0O0,O 300,0 600,0 1,000,0 300,0 70\-,0 600,0 6,000,0 25,000,0 3,000,0 422,7 450,0 200,0 2,000,0 3,000,0 1,000,0 2,550,0 500,0 1,000,0 1,000,0 2,000,0 750,0 1,500,0 3,000,0 250,0 8,000,0 300,0 10,000,0 1,000,0 250,0 200,0 750,0 1,000,0 100,0 200,0 200,0 300,0 1,000,0 250,0 1,000,0 200,0 500,0 300.0 1.000.0 1,000,0 600,0 350,0 $ $ 1,234, ti 7.3iil,9 402,7 2.571,1 1,440,'2 9,45L2 611,9 1,430,8 693,0 2,011,8 491,9 549.0 607.2 3,419,0 15,062.0 3,841.0 11,435,7 6,272,9 5,791,0 4,708.0 1,946,0 2,241,0 1,395.3 3.30O,u 2,528,7 3,486,0 8,6.'i9.0 4,284,6 2,^65.0 4,95.1,8 P.O. $ 19,486,0 27-8 ."H.678.0 28-1 20.'.i71.8 23,548.0 29.136,8 2i'5.0 2.734.0 10.888,8 191,7/9,0 2,026,7 26,0 16 6 •JSO 26-4 25-6 26-8 5:6.0 33 1 52.685.7 30-1 6,834,4 60-', 1 7,090,1 26-6 1,284,9 615.5 7,188.6 25-6 1,245,0 b3,9 466,5 2,468,2 'i-2-'i 632.0 667,0 5,320.0 24 4 3,420,11 23 515,2 272,4 3.516.4 2,546,8 22,073,8 27 -4 22,215.9 15,2^0.2 149.5ii0,4 25 4.i;4i,i' 1,405,3 22,156,4 23-4 4,026,'.^ 23-/ 603.2 45 L 9 6.862.2 32-3 952.7 1,266,7 641,1 273,5 2.738.7 33-4 2,H50,3 2,0-28, 17.103.1 25-5 10,762.4 4,542,3 60.66'.',1 2.V2 6.193.0 23-1 7 138,6 666,3 8,945.2 l,5v8.3 21.027,4 26 332.1 3,789.7 21-6 483,1 7.304,St 33-2 1,670,2 757,2 484.:-! 2.2.11,4 10,170,8 26-6 5.008.0 4.07-2,0 36,-298,0 25 2.54'i.l 8,641,4 3.< 9 387,6 4.218.0 1,510,0 22,586,0 25-3 16,115.0 7.156,0 85,484,0 2V-2 271,5 194.1 1,525.4 ;{05 3,697,6 2.f81.0 23.647.1 25-6 795,0 2.357,0 10,678,0 29-5 21,921.3 •2.773.7 100,662,0 24-5 7,947,S 26'6 451.8 1,680,2 411,0 349,0 3,598,0 2 11 917,7 458,8 5,716,4 24-1 ll"7,8 827,2 4,166,8 24-6 12,32(i,4 1.830,9 55,473,9 25-5 2,388,0 357,7 10,6.^2,7 25-/ 240,0 3,946,6 28-2 875,0 452,1 5.463.2 22-9 801,2 1,617,5 2,374,8 16,181,9 24-6 1,822,8 7,739,6 27-2 284,4 638,e 163,2 2,779,5 25-2 1,774,7 1,123,4 11,415,8 25-3 613,0 4,019,0 •26-7 421,0 3.207,0 1.704,0 18,063,0 2V-1 542,0 1,020,0 4.507.0 34-6 •/;49,() 2,523,5 10,203.3 27-1 1,084,9 411.8 5,857,4 25-6 1,413.7 500.6 7,249,6 264 784,0 324,0 4,605,0 24-0 Total... 115,972,7 135,961.4 11166432 231,526,2 92,911,6 1X8982S6 27-2 t t United State Total City, Boi<ttou and Philadelphia Bankg; Below of the weekly returns of the Clearing House Banks of New York City, Boston and Philadelphia. The New York figures do not include results for non-member banks. a summary Capital dBAXKS Hurplus. Loans. ciphers (00) in all these figures. Specie. Legals. De- Circu- posits.f lation. Clearings. s've. $ Bk. of X. Y. — New York is We omit two OOb omlttett Manliat. Co. [YOL. LXXX, 3 deposits included, \ 20,968,40 0. s N.Y. $ Jan 7 251,455,2 106974 27 203,684.0 85,216,4 11091686 43,172,4 1,855,423,8 Jan 14 251.455,2 10613368 215.591,4 8H,657,9 11191601 4;-i,020.1 1,776,528,7 Jan 21 251,924,1 10988115 224,029.8 90.657,8 110381.5'^ 42.950,7 1,023,996,4 Jan 28 251,924.1 11156432 '231,525,2 92,911,6 11898286 42,882,'21 ,607,71»,8 Bos. Jan 14 52,635,4 189,180,0 Jan 21 52,635,4 189,938,0 Jan 28 62,635,4 190,196.0 20,112,0 19,624,0 19,337,0 7,079,0 227,562,0 7,190.0 229,547,0 7,033,0 221,588,0 7,378,0 7,346,0 7,527,0 152,861,3 157,088,8 126,974.1 258,690.0 11,956,0 26'2,lO8.0 11,908,0 260,377.0 11.930,0 128,95 1.« 142,394,4 122,753,4 Phila. Jan 14 Jan 21 Jan 28 48,167.1 213.792,0 48,167,1 214,065,0 48,167,1 214,271,0 69,037,0 72,785,0 7-2,314,0 Including for Boston and Philadelphia the Item "due toother banks," and also Government deposits. For Boston these Government deposits amounted on Jan. 28 to $3,391,000 on Jan. 21 to $3,364,000. t ; — Imports and Exports lor the Week. The following are the imports at New York for the week ending for dry goods Jan. 20 and for the week ending for general merchandise Jan. 27 ; also totals since beginning first week January. FOREIGN IMPOBTS. ^or week. 1906. Dry Goods. General Merchandise Total. Since Jan. 1904. 1902. $2,891,196 9,721.261 $2,663,414 9,430,976 $3,740,964 9,414,614 $2,523 264 8.846.045 $12,612,467 $12,084,390 $13,166,478 $11,369,309 $12,765,874 41,0b9,045 $10,991,936 83,832,236 $12,627,202 33,588,939 $10,968,618 83.116,561 $53,834,919 $44,824,172 $46,116,141 $44,075,177 1. Dry Goods General Merchandise Total 4 weeks The imports of dry goods in 1903. for one week later will be found our report of the dry goods trade. The following is a statement of the exports (exclusive of specie) from the port of New York to foreign ports for the week ending Jan. 30 and from January 1 to date. EXPOBTS FROM NEW YORK FOE THE WEEK. , For the week Previously reported.. Total 4 weeks 1905. 1904. 1903. $11,029,911 30,18(.M62 $10,050,822 32, 559, '296 $11,692,984 82,906,427 $9,204,493 27,184,231 $41,210,073 $42,610,118 $44,499,411 $36,388,724 1902. Note.—As the figures of exports as reported by the New York Custom House from week to week frequently show divergence from the monthly totals, also compiled by the Custom House, we shall from time to time adjust the totals by adding to or deducting from the amount "previously reported." The following table shows the exports and imports of Non-Member Banks.— The following is the specie at the port of New York for the week ending Jan. / and since Jan. 1, 1905, and for the corresponding periods Btatement of condition of the non-member banks for the 1904 and 1903. week ending Jan. 38, 1905, based on average of daily results. EXPORTS AND IMPORTS OF SPECIE AT NEW YORK Reports ot We omit two •' ciphers COO) in all eases. KXPORTS. Deposit with i BAITKS. Capi- ^t/**. 00s omitted. tal. plus. Leg. T. Net 8peeU. <tJiank Clear' other Deposits Notes. Agent. Bks.&c invest- ments. ' $ Wash. Hgt» Century ... 180,0 100,0 Chelsea Ex. 10(1,0 Colonial Columbia .. ConsoL Nat. Fidelity I4th Street. Oansevoort. Hamilton JeOerson Jlklt. .. .. Morris Mutual 19tli .... Ward Plaza Birerside . .. State 12th Ward 23il Ward . .. Union Exoh Uuilert Xat. Yorkville .. Jiorouyhol 141,1 05,9 62,5 264.8 318,6 $ iR 647,6 569,0 400,9 100,0 300,0 1.000,0 1,04-2,7 126,2 200.0 120,5 100,0 89,3 200,0 140,4 200,0 400,0 328,9 114,4 260.0 221,7 200,0 216,9 200,0 253,0 100,0 109,3 100.0 767,2 100,0 126,5 200.0 111,6 100,0 750,0 526.2 160,2 1.000,0 29a, 9 100,0 2,720,0 5,346.0 3.634.6 872,1 2,086,0 1,»32,3 3,526,0 2,482,0 2,411,6 3,061,3 2,56d,a 8,233,0 1,276, V 7.610,0 1,772.0 1,510.7 4.042,7 2,219.0 2,199,5 96.2 350,4 172,9 1.786.7 2,357,5 68.5.6 3.582,8 7,478,7 1,327.9 15,3 16,9 23,9 76,3 276,0 278,6 18,0 114.1 14.4 175,9 13.7 149.8 25,0 30,0 ld9,0 19,6 433,0 60,0 66,4 96,6 273,2 38,9 $ 28.5 27,3 29,2 219,7 179,0 43,0 61,8 97,8 162,0 114,6 113,8 95.2 283,0 218,2 196,0 97,2 211,0 168,0 145,3 239,9 56,8 253,9 $ 112,2 43,8 56,1 310,1 362,0 307,^ 67,4 462,2 193.0 128.1 218.2 $ 60,0 164,8 479,0 3,6 225,0 895,8 30,0 86,8 310,0 78,7 56,7 56,9 209,6 73,u 99,6 224,6 2.55.7 110,0 33-2,0 1,433,0 163.0 142,2 •»•*«• 224,8 812,4 1,0333 86,3 201,4 116,6 $ 661,6 582,4 690,5 3,485,1 5.461,0 2,226,6 869.7 2.789,0 2,105,2 3,985,4 2,486,7 3,092,1 3,146,5 3,045,2 8,303,0 1,552.1 9,494,0 2,165,0 1,962,7 5.354,8 1.359.9 2,616,3 Jiroolclyn. BoiouGih ... Brooaway 200,0 . 150,1) .. 8000 Brooklyn Mfra.'Nat.. Mechanics' Mercliauta'. ^nal I Nassan Nat lOL j soX'o Nat. City .. 30(y,0 North Side. 100.0 100,0 Peoples 17 th Ward . loo.;i Sprat'ueNat union. Wallabout 200,0 . 20U,i) 100,0 . 469,2 63,0 773,7 571.6 169,7 181,8 95.3 239,3 113.6 94,0 1.09-s.i 6.n4."-,0 3,282,0 1301,1 1,6.")0.6 704.8 1,379,0 l.l'-O.l 803,0 24,3 17,6 112.2 301.0 246.9 28.2 200,0 147,0 19,0 79,6 13,1 140.0 42,8 44,6 106,7 179.9 61,3 05,8 257.0 316,3 1;.0,2 690. 613,9 1,249,3 >-2,7 122,0 7ti3,0 415,0 361.0 7 78,0 35,3 74.8 133,6 75,6 60,9 40,5 22.i.o 25,0 85,6 121.9 31,:i 22,6 67,9 1,801,3 2,432.8 122,0 61.4 101,1 59.1 2.0*28,4 27,(1 173,0 161,6 141.1 13,9 35,0 353,8 61,8 4,288,1 9,501,6 1.517,6 6,791,0 4,199,0 1.382,0 1,874,4 (167,8 1,313,0 1,493,6 787,1 Richiriond. l8tNat.,S.t. 826,1 60,4 400,0 1,077,7 4,392,4 183.9 260,0 250,0 200,0 661.9 141,9 293,9 2,206.8 9;m,5 1,243,2 86.0 110,0 125.0 643.-4 2,392,3 1,270,7 100,0 116,6 10,(» 131,3 800,7 JbuskyCitv ilrst Nat... 847,6 1.442,1 1,160,0 6,169,2 66.3 368.0 01.9 46,1 17,2 67,1 2.;9.0 140,6 10.3 618,1 4.9 2,044,1 1,013,4 1,774,4 193,4 42,3 26.3 46,1 199.2 88,5 672, 66,8 2,S75,5 1,258.5 Co National . Second .Vat Thu-d Nat.. lIonOKKK. FirstNat... Second Nat. 160,5 1034260 4.4r;9,r, 6,980.4 12''v.74 8,192.6 1171312 Tot. Jan 2 102370 12567(1 103665 4,654,0 6.073.4 I3:i6i;2 .<.205.6 118:^245 Tot Jan 14 102370 127677 1038807 4,683,7 6,301.4 112043 8,677,7 1202682 Tot .Tan Great Britain ..... France. ................. IJIPOBTS. Hince Jan. Hee/c. 1. Week. Since Jan. $1,500 8,032,548 $4,2841428 1. * ........... '16.600 27 i' 41 7,000 4,000,000 $3,484 1,650 $6,625 7,171 111,868 4,450 $4,545,028 $12,312,460 263350 4731634 82,934 $23,851 36,698 13,7»1 8,915,688 834,925 Mexico Sonth America 26o',oo6 All other countries Total 1905 Total 1904 Total 1903 Silver. Great Britain France Germany West Indies $130,114 «73,445 273,800 $2,025,408 808,000 ""495 "7;3a4 *"$9Y4 $9, obi 2"iJs",506 *i6',245 15,505 26,224 $2,656,218 4,S17,863 3,044,825 .-,11.159 Mexico South America All other countries ToUl 1905 $.-^47,740 Total 1904 Total 1903 :. 1,095,276 747,880 14.704 1.244 $49,781 68,915 84.310 Of the above imports for the week in 1905, $2,005 were American gold coin and $38 American silver coin. Of the exports durmg the same time, $4,010,600 were American gold coin and % were American silver coin. Auction Salef). —See page preceding. Sauliitt0 and g^tuattciaL Spencer Trask & Co. Monthly Descriptive List of High*Crado INVESTMENT BONDS. Horouyho/ liuilHOD GohU Germany West Indies N. T. CITT. Boroughs or IdanicBr'nx 28 in 2S 10'2.170 12.n670 . Transact a general bankino" business and execute Steele and bond orcers upon the New York Stock Exchano-e. TVilliam and Pine St?., New York. Branch Office, Albany, N.Y. Moffat & White, members New York iStock ExchaOffe, 1 NASSAU STREET, CORNER W>\_LL, OcnlcFM in Invc§tment Securities Tel, 98».'-6Mi)l Cortlandt. Telaptioae Stack* a 8»e«laUr* - . Feb. THE CHRONICLE. 4, 1905.] or ^o»* Ditidena$ set page following are the daily closing quotations; for yearly range ©a^jette* ^attlijers^ 585 see thtra page following: jSj. InUrtst WAIiL. STREET. FUIOAV, FEB. 3. 1903.-5 P. M. Market and Financial Sftnal ion. ~ A conspicuMoney The ous feature of the week at the Stock Exchange has been an unusual adrance in the piice of several high-grade railway shares, some details of which may he found in our review of This advance is the result of the stock market below. definite action by the officials of one of our important railway systems which is nnderstood to be a step towards a concentration of management and executive adtnioistration of its auxiliary lines, and shows the favor with which such action is regarded by investors. Among other influences •which have stimulated higher prices are the favorable condition of the anthracite coal trade, reports of railway earnings, the general industrial situation and continued lowrates in the money market Moreover, it is becoming ap parent that if Congress should grant new power to the Inter-State Commerce Commission to fix railway rates, it will be done in disregard of the wishes and judgment of prominent business men in this and other financial and industrial centres. There is evidently a strong belief in Wall Street that such power will not be granted The export gold movement has increased in volume, amonnting for the week to $11,130,000, including $2,000,000 to Cuba. The open market rates for call loans on the Stock Exchange during the week on stock and bond collaterals have ranged from 1% to 3 p. c. Today's rates on call weie l^Cggi^p. c. Prime commercial paper quoted at 3i^@4 p. c. for endorse- PtHoAs Is, 1980 registered 18,1980 oonpon -Jan -Jan Si, 19S0,sinaJ.registered oonpon Is, 1980. small registered Is, 1918 Is, 1918 4e, is, Is, 1907 1936 1936 Jan. Jan. Feb. Feb. 3U Feb. 31 I 3 3 '104 ig ^104i» 104 la '104 'a 04 "a 'I04>a 104 Vi 104 >« *104ia 104 >a 104 S *104»a a -Fet *103»4 *103»« 103»4 • 103*4 *103»4 * 108»4 -Feb *104»s *104's a'i4«» 'X 3»4 *103>4 *103»4 •Feb -Feb *ic4>» *i04i, •lb3>« *i08»9 *u'3>i -Jas ^loevj *105'a '105>9 ' 10519 -106>2 *106>9 *105i, •106 -Jan »i •106 >« *105i« *106is -Feb *130>« ISOHj •IHOS •1801a 130 !» ISOi^ -Feb •lai^a *181>s 'ISl^al *a;J0>« *180i3>180i« ooTipon Is, 1918, small. registered ooQpon Is, 1918, small registered 4s, 1907 ooapon registered coupon 'TUliU the price bid Jan. at the morning board; no («<« was made Eailroad and Miscellaneous Stocks. - The stock market is again more active, the transactions averaging well above 1,000,000 shares per day. The market as a whole has been decidedly strong, while several issues made an unusual record. Conspicuous amojjg the latter was St. Paul & Omaha common, which at its highest was 45 points above last week's selling price, and the preferred 35 points. At the same time North West, showed an advance of 22l.< points, and other Vanderbilt stocks were strong on official changes which will bring subsidiary lines under more direct control of the New York Central management. This movement carried "Big Four" and Peoria & Eastern up 7K points Naturally there has been some reaction from the extreme advances noted above. The anthracite ttrouphas been notably strong. Reading led the railway list in activity and steadily advanced. Lackawanna moved up 18 points on bids which ments and ^%@A}4 p. c. for best single names. brought out a limited number of shares. Central of New The Bank of England weekly statement on Thursday Jersey has added 6 points to the previous high record. Of showed an increase in bullion of £1.108,427 and the percent- the less prominent stocks, Kansas City Southern preferred has age of reserve to liabilities was 52-i:)5, against 50-43 last week, advanced over 7 points and Pere Marquette 5 points. Pacific the discount rate remaining unchanged at 3 per cent. The Coast issues have been unusually active on a demand which Bank of France shows an increase of 8,0)0,000 francs in carried the common up 15 points. gold and a decrease of 875,000 francs in silver. As may be inferred from the above, railway stocks have KBW YORK (IITT '1».»A RIN<J-HOfi(<C SaNKH IHfftrtnm 1906 28 /ro«t JtLn. iyt4 1903 Jan. 30 Jan. 31 S IIS.973.700 136.951,400 Oftpltkl 116,673.700 133,180.100 Iioani A dlsooonts l.lie,e48 200 1*0 16,831,700 904,662,100 01io«latloiL 42.882,230 Dec 68,600 42,789,000 Net daposlta *1,189,828,600 Ino 26,013,4)0 1,023,943,8)0 Specie 2S1 626.300 Ino 7,495,400 205477,600 Legal teBders 92.911,600 Ino 8,263,700 76,637,6)0 183.672,000 78163 600 Beserve held If p. 0. et deposits 260,825,600 232,044,726 Inrpliu 834,439,700 Ino 297 467,150 lao 9,749,100 6,6U3,860 381,116,000 356,986 950 102,261,930 121,964 8)0 904,610,700 46,194,900 93I,77«.9M Surplus reserve 26,979,660ilne 3,246,750 35,129,060 27,880.776 ' f20,968,4)0 Onlted tjc*tee deposits inolufied, sgAlnst $20 9S1 800 last week and $36,899,000 the corresponding week ol 1904. WUh tbese Ualted States dipoaltsellmtnatcd.tneaarplne reserve would he $32 221.660 ,o»v * •nJan. 28, and $28,979,260 on Jan. 21. Nora.— Betarnsof separate banks appear on tli e preoedlng page , Foreign Exchangre.— Influenced by an urgent demand for remittance and by a scarcity of bills, the foreign exchange market was strong this week. Gold exports to Paris, $9,131,424 and to Cuba $2,00i>,000. To-day's (Friday's) nominal rates for sterling exchange were 4 86@4 86i^ for sixty day and 4 88i^@4 89 for sight. Today's (Friday's) actual rates for sterling exchange were 4 8575 @4 8585 for long, 4 88@4 8810 for short and 4 8835* 4 8845 for cables. Commercial on banks, 4 8540@4 8550, and documents for payment, 4 84^(34 8580. Cotton for payment, 4 84^^@4 85; cotton for acceptance, 4 8540@4 8550, and grain for payment, 4 8r.70@4 8580. To-day's (Friday's) actual rates for Paris bankers' francs were 5 17i^@5 l(}^t for long and 5 15:t:@5 15 for short. Germany bankers' marks were 95@95 l-lGf for long and 953.^ @95 5-16f for short. Amsterdam bankers' guilders were 40 3-16tta40 3-16 for long and 40?^1[@40 7-16* for short. Exchange at Paris on London to-day, 25 f. 15J^c.: week's range, 25 f 15^c. high and 25 f 13o. low. The week's range for exchange rates follows: so largely absorbed attention as to leave the industrial list background. United States Steel and Amalgamated Copper are the only issues in this group which can be rightly called active. The former have been unusually steady and the latter, with Anaconda Copper. Col rado Fuel Iron, American Sugar Refining and General El ctric, has advanced moderately Consolidated Gas lost part of the advance noted last week, but recover- d sharply to-day and closes higher. For (imly volume of busi-ess ste p '(jf 69S, The following sales have occurred this week of shares not represented in our detailed list on the pages which follow. in the & Salts tSTOOKS Amer Agrlcttl Chem 60 21 Jan 23 100 eO^Feb 3 200 24 Feb 2 60 80 Jaij 30 610 95 Jan 30 '0 155 Jan 30 lOi) 97»«Feb 3 3U0 ^ Wan 30 100 UOi^Feb 2 22 170>sJan30 100 9 Feb 1 400 1118 "sFeb 1 310 44HiFeD 2 100 102 Feb 1 SOO 72 Jan 31 100 1-70 Feb 1 SO 104 Jan 30 Prelerred Preferred pf.. Assoc Merchants. Ist prt Buff Roch & Pitts rights Canadian Pacsubrects.. Chic R I & Pacific Cleve Lor & Wheel I Preferred W Ft <fe Denv C, stmpd.. Beneral ChemiCiil, pref.. Homestake Mintng Horn Silver Mining lU Cent leased Nat B:nan <» lines stk. -ii^miJing.. 1,100 100 411 QnicksUyer Mining Preferred Securities 111 Range 1f*4k tinee Jan. 1. Jan 2> 20 Jan 21^ Jan 89"*Feb 3 »»i«Feb 8n>»Feb 24 Feb 2 24 Jan 24 Jan 80 Jan 3u 77 Jan 80 Jan 99>4Jan 95 Jan O^i^Jan 15a .Ih. 30 14 634 Jan 156 Jan OT'.Feb 8 9d Jan 97'«Feb 5^ Feb » 6 Jan 61^ Feb l40*«Feb 2 HgiaJan 140'»Feb 21 n 170i!iJan3 no-vJan Jan HO Feb Jan 1(19 Feb 44 Jan 46»2Feb til's Jan lo2 Feb 71 Jaii 3 Jan 1-70 Feb 1-7) Feb 104 Jan 104 Jan l70><iJai 90 Feb 119 Feb 3 4e>9Feb 3 102 Fet 1 73 Jan 28 1 l-^O Feb 104 19 Jan3( Fe^ 1 42 Feb 1 79 1 6 I 18i«J»n 23 Wan 42 Fel. 42 Feb 6» Jai 60'^ Feb 6(1 170\Feb 3 170»4Feb 3 167 Jan 170»«Feb 100 ISgFet l%Feb 2 li^Jan l^vFeb 2U0 3^ Jan 30 3^4 Jan 3u 3>4Jai. 3*«Jan New Central Goal NY Dock Co, pref N T & N J Telephone ... RE ,f<^r Wetk mer Beet Sugar Amer Teleg & Oable Amer Tobac Co (old) Bang* fef Wteit JBnAing Feb. Cent'i stock trust certificates BenHselaor<& Saratoga.. United Fruit Co Vulcan Detlnning | 18>{iJan28 42 Feb 1 eO'vFeb 2 t}0-nF«' 1 2 460 93VjFeb 1 93isFeb 1 92 Jati flS^aFeb 100 209'4.Jan30 a09^Jan3 209\Jan J09S4Jan 100 lOei^Feb 2 lOtJHiFeb V lu6<aJan 10- Wan 100 9 Wan 23 V Wan 28 9 If Jan 10><iJaa <lnts»«ie Mrtrfcet.- Northern Securities has again been the dominating featu e in the market for unlisted securities Predictions made some ime ago that the shares would sell -Long^-Short. -Cablet. attrVing ActuaUat 150 were fulfilled on Saturday when the price rose to Hlgb... 14 8576 « 4 8585 4 8806 a 4 8810 155}^, again of 5% points over the previous high record. 4 8846 « 4 8866 Low. .. 4 H650 -a 4 8566 '9 4 8780 4 8776 4 8826 9 4 8830 On Monday, on the announcement that CJ. S. Supreme Court Pari* Banlcert' Franc*— had granted the petition for a writ of certiorari in tte suit High... 16 J7',t ® 6 16T,t 6 15* « 5 15 Low... |6 17S of the Ilarriman-Union Pacific interests to review the deci6 l«T,t 6 16' a 6 161 Germany Bankers' Mark*— sion of the Circuit Lourt of App-a^s relative to the distribuHigh... '& 96ii« 96 tion of the stock of the compaoy, the price broke from 155 ® 96H 95Tiet Low.... 94i&,e ® 96 96>« « 96»iet to 1471^ and later in the week it sold at 146i^; to day there Am*UrAam Bankers' SuUd»rt— was a recovery to 1513^ and the close was at lolj^; over High... iC«i,t a 408i8 iOhV, 9 40»i.' 100,000 shares changed hands during the week Another Less: *iieon%. ti„ofl%. t»,80fl%. Plus: high record was established by Interborough Rapid iieof 1%."* i„*of'i*%. The following were the rates for domestic exchange on Transit shares, which advanced to-day to 205 a gain «ew York at the iinder-mpntloned cities to-day Savannah, of 5 points over t e close of last Friday the strength in this sioc<» was attributed t> the amicable settieme<t buying, 50o. per $1,000 discount; selling, 75o. $1,000 premium; -harlestor l2^o. per $1,000 premium; per ot tlie strike question, (standard Oil ros \Q\i points to 653 New Orleans, Danii ouc. per $1,000 premium; Wackay Companies stocks have commercial, 25,;. per $1,000 and closes to-day at 650, premium; Uhlohw 30c. per fl.OOo premium; St. Louis, 55:. been strong; the common advanced from 37 to 40 while the per Jl,ouo premium: Sa,, Prancisco, 90c. per preferred ran up from 73^ to lf>}^ In ernational iN'ercan$1,000 premium tile Marine common declined from 14i.^ to 13^ and the final State and KaUroad BrtndR.-Sales of State bonds at the sale to-day is at 13^.^; the prefer-ed dropped from 36i^ to Board are- limited to $1,000 Alabama Class A at lOlJ.^. 33^^ and closes to-day at 35. Havana Tobacco common ihere has been very little change in the tone or character- gai »d 2 points to 36 while he preferred moved up 2i^ istics ot tbe market for railway and industrial bonds. poi ts to 461^ American Tobacco common rose 15 points United Stai-«^h Boutm - Sales of Government bonds at the to £65 Board are limited to $4,000 3s, coup., 1903-18, at 103^^, The Outside quotations will be found on page 593. , . I •a> I I I I I TI ; : , New York Stock Exchange— Stock Record, Daily, Weekly and Yearly OCCUPYING TWO PAGES STOCKS—HIGHEST AND LOWUST BALK PRICES Saturday 3tondak Tuesday Wednesday Thursday Jan. 28 Jan. no Jan. 3i Feb. 1 Feb. 2 •30 •60 87% 101 •30 * 60 36 65 87'l4 lOOSglOO'g 101 \22hl23\. 122 12c 102 102\ 101^8 ' 02 •96 6OJ4 •154 •156 97 6II4 159 160 {8H>4 89I4 I33I4 133=Si ogi^ •68 195 48^4 4Via 82V2 •ItO '22»8 86 651a 34I4 195 66 35 18^4 32^4 I2I3 12'B 471a 48 94^2 96 •114 2334 61'8 120 25 14 61'8 36 367e ls-234 183^4 •335 346 •31 34 861^4 86 •23 >2 27 91* 9 44^(, >sl3a 81^4 250 1X318 71I2 1347234 196 196 49 49 60 433^ 43 4338 8234 1961^ 8''8 83 143 8234 *8i2 9 321a 321^ 77 *16 77 •32 35 36 •62 66 66 88 14 89 '8 88% 89 101 103 102% 103 "4 1211s 122 Si 122 122 102 103 10234 104% 97 97 97 14 97 60>.; Gl»4 61 Si 61 150 159 •150 157 IGO 160 •160 165 -88 89 14 8914 89 14 133 13334 1331413434 69 72 •69 VI 196 19612 196% 200 491a •42 •80 142 60% 49% 60 43% •42 43% 82% •80 83 36 37 16ht 71 •85 90 264 90 251 250 20^8 20 34, •8938 90 8I4 8% 36% •34 Si 35 Si 77% 77% •7634 7734 1514 §16 16% 1534 15% 35 35% 35 8534 •351a 36*4 43 43 la 43'6 43% 43 44 79I4 7934 X/i»l2 80 8O34 79% 66% 66% 65% 66 65% 66% 834 9 34 35 77 14 15 12 77 43I4 443j, 8 1 '8 8212 65*8 67 •69 71 66»8 67 14 •69 *85 lol^al03 ft6 97 60=4 60 154 159 160 160 8;ii^ 89 30 62 "-2 161c 36^4 43=8 3o •62 66 87 14 88^6 101 102 12212 12212 130 143 142 *180 143 23-', 23 18 2312 23^1 24% 23% 24% >-6 86 86 86 86 85% 85% 66 67 •65 67 67 67 67% 67% 34 7g 3534 35% 36% 85% 3638 34 la 35 V 17434 177 14 176 178% 176% 177 "T 176%177% 188 190 192 192 •187 190 *187 190 24118 245 244 219 23912 245 241 24334 257 265 262 265% •260 265 253 256 203 226 187 200 200 210 207 211 195 1^05 230 230 205 225 5210 210 I7I2 18^8 18 1S>2 19 14 ISS: 17% 17aB 3II2 3212 30^8 S2ia 30 31% SO 31 I2I4 12^8 12 12% 12% 12% 18% 121a 4712 47% 47 47 14 471a 471-j 47-2 62% y5'-2l02i4 98 14 100% 98 102 9834 993? •11478 120 114 76 120 •114% 120 *116 120 2538 25 2434 2534 25 2538 26 26»B 63 63 12 63 63% 63 621a t)3 63 >4 3738 37 37 37 37% 37% 38 371a I85I4 1^314 I8234 lS3'fc 186 188 Si 187% 189 •335 345 340 346 346 360 350 3o8 3i34 31:)^ 32 32 32% 82% 32% 327b 86I4 86% 8634 87 86 Si 86^2 86 '2 8V% •23 •24 •24 27 2S 27 -23 Sj 27% 3218 321* 77 77 16 36 -fe 711-, •130 23 233b •84 la 86 174 'el"; 6 '4 185 226H!240 250 252 180 186 •190 20i> }aH 160 89 133 48I4 421a 8234 8234 {l>-5 311-i •156 *S8 133 6H 195 Wj 143 s. 9612 96^i 6038 6II4 '154 159 48^ 42 •30 35 65 87I4 87-». 35 '4 69 71 69 -85 248 90 254 •85 2(iia 207g 245 20% 71 90 252 •245 90 265 21 21 24 •69 •85 •88 90 90 90 89 90 12 90 90 •89 91 90 S2 91% 158 14 I6034 a;155% 157 Hz 15812 16778 15334 2934 2934 31 3034 30 '4 3(1 30 6 6 '4 67 14 57 Sj 67 I2 561a 5612 "651a 561-3 *36 36 38 36 38 •36 38 38 82 82 82 82 82 82% 8214 «82 31I4 3118 29 30 30 31 291a 2913I 6318 65% 6334 66 14 59 64 59 58 •14 *14 17 17 14 •14 17 17 -47 47 5L '47 51 51 •47 51 •36 39 12 4II4 39 40 40 •3713 40 '99 100 100 101 lOi 102 •99 102 • 295 295 295 •295 -56 "62" "69 "^i" 63 62% '62% •56 13734 137 '4 138% 13612 13612 1374 V6&h> 137 170 "2 1703. •169^4 170ii2 170 17012 I70I4 171 7612 IICI4 22«8 •130 •54 871a 98 157 32 •87 *85 157 29 76'4 7612 115=8 116 761^2 lie"-.. 2214 22^8 140 61 87 "a 98 158 3216 6518 6\} 10534 106 li 140 43 221a 23 •138 43 144-'b 146'8 >« • 130 •55 *85 97 157 23 140 60 »9 98 15778 3II4 31^8 6518 65 '4 106*4 107 •137 140 •4112 43 2212 2212 14512 I4714 44 45 •43 46 120 122 12 119 121 78 77 77 77 {200 'a 2001% «199'4 l!)'.)34 44 's 44 443, 45 '-2 791* 7'J3g 783* •90 •80 12 • 100 •84 861.. '84 13634 13738 13612 3012 •29 31 9513 94 *81ia 82 •100 105 •91 77 •105 7«i4 112 871a 88 911.^ 92 •sola SH^ 35^8 36 81 14 81 14 •50 •15 81 8612 i;i7i4 3012 9534 •70 79 »H;2 112 87 14 88 92 92 '87 88 12 341a 811a 70 17 •15 17 7034 17i 131 140 •54 •85 61 90 9778 98% 16776 160 3112 32% 65 11! 66 loe"* 107 140 631a 66 26 76 28 78 7012 70 78 175 177 90 90 91% 91 156% 16738 30 14 3034 •57 5734 3614 36 14 82% 30% 30% •82 6434 •14 •47 6634 17 61 39% 99 39Si 102 295 •59 "63" 137% 137% 170 170% 77% 79% 78% 79% 115% 118 11 634 11838 22% 2238 22% 22 Si •134 140 "134 145 62 •64 60 •85 96 85 90 9 8 Si 98 98% 101 15934 159% 160 34 161% 55 3134 31% 66% 65 7j 10676 31% 32Si •65% 67 107% 10676 10734 •140 145 •140 150 43 41% 4238 22 la 22I2 •2214 23 Si 22% 23 14634 149 14 14734 149 14734 149% 46 4634 45 12 461a 45% 46 120 126 116 120 112 117% 7Ui2 82 79 a;78 77% 77 Si 200 200 12 «200% 201 •200 20034 43'-^ 44 4334 443b 4334 44 14 140 42 i!42 78% 79% 40 79% 79% 94 94 82 100 86 94 84 105 86 la 105 87 91 Si 106 92 136% 1383, 13734 138% 31I2 31 97 9734 78*4 • 102 79 108 87% 883< 92 92 88 87 12 31% 35% 8212 •50 28 78 12 105 70 'b3hi 66 •26 •76 70 Vj •171 7J38 95 7512 771* 11434 116 22 2214 71 •82 •60 17 68 27 77 83 70 94 84% •33% 34 98 99 79% 79 Si 102 88 92 88 34% 8O34 •60 108 8934 93 Si 13734 1:19=^ •33 99 85 79 Si 108 89 '4 34 101 85 82 108 9234 89 36 Si 81% '2 9512 8834 9038 34% 35% 8O34 81 70 •60 70 •I6S2 57 1734 1734 5812 58 28 Si 78 78% 58 28 Si 71% 72 12 178 9634 106% 100 92% 94 17 29 77 7078 71 14 178 178 95 J95 91 93 1734 la 79% 79% 178 28 783, 7134 •170 SS'ii. 2834 7834 72% 178 STOCKS NKW YORK Friday Feb. 3 •32 •62 Sales o) the STOOK EXCHANGE Hange yor Tea/r 1905 Range tor I'reviovt On basis 0/ 100-share lots Year (1904) Week S/iares Highest Lowest Lmcest Railroads. Arbor Ann Do 36 66 Highest ny Nor Not Nor 87"^ Jan 104% Not 104% Feb 155% Not Deo 7278 Mar 105 84 25 }49S4J1ie 66 64 Feb 8914 pret 87% Atch. Topeka & Santa Fe. 81,958 84% Jan 25 102 14 102% 42,800 99 Jau 25 Do prel 2,200 120 Jan 25 121% 122 Atlantic Coast Line BK 111,140 100% Jan 25 104% 105% Baltimore <& Ohio {97 605 9534 Jau 12 97 Do pref 30,861 58%.Ian 25 60% 6138 Brooklyn Rapid Transit 150 157 154 Jan 25 Bultalo Boch. <& Pittsb'g. 200 159 Jau 6 160 165 Do pref •88 316 87% Jan 4 89% Buffalo & Sosqne, pref, 62,800 13034 Jan 25 134% 135 / Canadian Pacific •09 V vanada Southern 71 4,500 67i8Jaull 19934 205% Central of New Jersey... 10,4.50 190 14 Jan 3 61,050 46=8 Jan 26 60% 50=1 Chesapeake <fc Oliio.., 41% 43% Chicago <& Alton 4,300 40%Janl •80 600 80 Jan 25 83 Do pref 100 142 Jan 21 130 142 Chicago & East. 111., pref. 23% 24 14 Chicago Great Western. 111,950 21 78 Jan 25 •85 400 85 Jan 24 87 Do 4 p. c. debenttires 67 14 700 66% Jan 28 67 Do 6 p. c pref. "A'^.. 36% 36% Do 4 p. c. pref. "B". 15,000 32% Jau 25 176% 17734 Chicago Milw. & St. Paul. 219,111 171 14 Jan 6 770 18212 Jan 13 189 I89S4 Do pref 241 242 Chicago & North Western 41,620 205% Jan 6 •255 265 2,600 234 Jau 13 Do pref 207 207 Chic. St. P. Minn- <& Om 14,494 150 Jan 6 650 196 Jan 17 205 205 Do pref 734 Jan 6 1734 Chicago Tenn'l Transfer. 12,941 17 14,460 17 Si Jan 4 80 31 Do pref 13 13% Chicago Union Traction. 28.900 9%Jan 3 16,290 89% Jan 7 61 64 Do pref 99% 997g Cleve. Cin. Chic & St. L. 24,700 90 Jan 14 115 120 n20 Jan 7 Do pref 26^^ Colorado & So., vot. trust 33',575 2214 Jan20 26 63% 64 Do Ist pf. vot. tr. cfs. 2,400 60% Jan 11 88% 39% Do 2d pf. vot. tr. ctfs. 11,160 35% Jan 18 73,200 180% Jan 25 188 194% Delaware <fe Hudson 2,125 335 Jan 25 35734 358 elaw. Lack. & West'n. 33 14 Denver & Rio Grande 1,200 30% Jan 27 33 6.200 85 Jan 23 87% 8836 Do pref •23 23 Jan 16 27 Des Moines <fe Ft. Dodge. 7% 812 Detroit South. vot. tr. ctfs 5,026 6 % Jan 3 •31 35% Do pref. vot. tr. ctfs. 3,100 31%Jau26 1.295 76 Jan 2 *761h 7734 Detroit United 14% 15'e Duluth So. Shore & Atl.. 6,200 12% Jau 12 11.765 25 Jan 3 31 35 Do pref 446,520 37=8Jau 3 44 44% t?xiG 42,504 75%Jan 8 80% 81 ^Do Istpref 21,375 65% Jan 3 66 66% Do 2(1 pref •69 68 Jan 10 71 Evaii.sv. & Terre Haute.. •85 90 Do pref 600 236 Jan 4 260 250 Great NortUem, pret 84 Jan 12 Green Bay&W.,(ieb. cif.A 625 17%Jau 6 223, 24 Do deb. ctl. 13 1,200 86=6 Jan IS 90% 91 Hocking Valley 1,700 90 Jau 18 91% 91% Do pref 48,706 16234 Jan 26 156% 157 Illinois Central 7,100 29 Jau 30 30% 32 owa Central 1,900 65 Jan 6 67% 68% Do pref 100 36 Jan 23 •36% 08 Kanawha & Michigan.. 700 81^4 Jan 26 82 82% C.Pt.S.i&M.,tr. Ota. pfd 30 Kansas City So. vot. tr. .. 21.700 27 Si Jan 7 31 Do pief. vot. tr. ctfs. 83,900 52 Jan 3 65^ 67 •14% 18 Keokuk ife Des Moines... •47 Do pref 61 •3S% 40 Lake Erie & Westeru... 2,125 36 Jau 11 300 lllO Jau 30 99 102 Do pref J290 Jau 20 300 L. Shore & Mich. South'n 6,7iJ5 56 J.au 20 60 65% Long Island al34% 27,650 Jau 26 Louisville NashviUe... <fe 137% 138% 5,090 05 Jan 3 170 17038 Manhattan Elevated... Jan 9 etrop. Secur., sub. rec. 24,300 73 7334 78 36,900 114% Jan 9 116 117% Metropolitan Street 2118 11,400 Jau 25 22% 22% .Mexican Central 60 H.io Feb 3 5135 ]:-!5 Michigan Central 200 66 Si Jau 12 60 60 Minneapolis <& St. Louis. 100 86 Jau 19 •88 Do pref 90 100 101% Minn. S. P. <fc S. S. Mane. 15,325 89% Jan 11 148 Jan 13 4,300 Do pref 160% 161% 6,300 30 Jan 24 32 324, Mo. Kansas <fc Texas 13,100 62 Jau 10 6612 67 Do pref 127,450 104% Jan 25 107% 109 Missouri Pacific 300 137 Jau 12 145 145 Nash. Cliatt. & St. Louis 4,900 40% Jan 4 at.of Mex, nou-cuin.pf 4234 43% 1,200 21% Jan 25 Do 2d pref 23% '23 Si y. Central & Hudson. 155,500 1413, Jau 3 148 149 14 y. Chic. & St. Louis... 13,200 42 Jau 20 46% 46% 600 119 Jan 2 Do Istpref 112 118 3,000 75 Jau 13 Do 2d pref 77% 7714 2,340 198% Jan 3 Y. N. Haven & Hartl. 20078 207 Y. Ontario & Western. 48,025 40% Jau 6 44% 45% 37,760 77% Jan 25 80% 81 Hi Norfolk & Western 1,016 92 Jau 14 Do adjustment pref. a;y3% 94% 27,460 78 14 Jan 17 94 97 Pacitic Coast Co SOU loo Jau 3 Do Istpref 106 Si 107 3,900 85 Jan 12 Do 2d pref 9534 97 135 Jau 26 Pennsylvania 465,493 139% 14036 4,3U0 27 Jau 26 •82 33 Peoria, <fe Eastern 1,000 77 Jan 6 Pure Marquette 300 80 Jan 11 Do pref 86% 86 Si 82 '4 Pittsb. Cin. Chic. <fc St. L. 4,400 76 J au 2 4 z82 100 108 Jan 27 pref Da 112 "92% 95'- Reading 818,800 a;79 Jan 13 Istpref 5,700 91 Si Jan 27 93% 93% 84 Jan 6 2d pref 4 ,600 91 92 168,400 33% Jau 25 34% 353., Rock Island Company 4, 2:7934 J.au25 pref 'J 00 l>o 8234 80% 69 Jau 17 •50 70 Rutland, pret 2',370 13% Jau 13 17% 1734 St. Joseph &Gr'd Island. 2,560 64 Jan 18 5734 68 '4 Do Ist prof 27 1, Jan 20 2cl i)ref 6,424 Do 2914 28 800 75 Jau 24 7334 79 St. L.jfeS.Fi., Isl pref 12,300 70 Jau 6 Do 2d prei 72 73% 400 175 Jau30 •170 178 '2 C.& E. I. coin stock tr ctfs 883, i , I I ; ; i 80% Feb 103% Feb Jan I4 Jan 97% Feb _ 87=BFeb 961.2 001 6434 Jan 17 38 Feb 70Sj>.'f>v 159 Jan 18 II8I4 Mar 160 Oct 160 Jan 31 5135 Si J'ne 165 Oct 89 >2 Jan 23 83 Nov 89 Aug 135 Feb 8 109% Mar 13534 Oct 7234 Jan 31 64 Apr 72 Nor 206 '2 Feb 3 164% Feb 19434 Xov 50% Feb 3 28<4Mar 61 Nor 43 Si Jan 4 33 Jan 47% Not 88% Jan 4 76 Jan 85 14 Jan 125 106 24% Jan 86 6834 ; I I . . . . . 4 124 Feb 143 Oct 12 78 J'ne 26I4X0T Jan 28 Jan 18 36% Feb 2 17838Jan81 192 Jan 31 249 Jan 81 265% Feb 1 225 Jan 31 230 Jan 31 Nov Nov % Nov 80%J'ly 90 47% J'ne 743.1 20 89 J'ne 137% Feb 177=8 Dec Mar 18576 Oct 161%Mar 214% Deo 207 Fob 237 Nov 185 Mar 160 Nov {165 Apr 192 Doc I914 JanSl 6% Aug I6I4N0V 323, Jan 28 11% Aug 273, Nor 13 '8 Feb 2 64 Feb 3 102 V4 Jan 80 n2o Jan 7 26=8 Feb I ".2 JanU 143 178 4 29 I514N0V J'ly May 48 S, Nov 68% May 9338 Deo 100 Feb 115 Nov 13% J'ne 243e Nov Feb 48 J'ne 39% Feb 1778 J'ne 194% Feb 149 Mai 358 Feb _ 250% Feb 33% Jan 14 18 Mar 88% Feb 3 64% Feb 23 Jan 16 19% Jan 978 Jan 24 l%J'ne 36 Si Feb 1 2»4 J'ne 78% Jan 4 60% J'ne 17% Jan 21 6 % J'ne 37 Jan 21 9% Aug 44=8 Jan 28 21% May 82% Jan 30 65% May 67% Jan 28 33 Maj 64 64 72 Jan 28 170 Jan 13 70 Feb 2 Jan 4 93% Jan 7 160 34 Jan 31 82 Feb 3 5834 Feb 3 37% Jan 6 82% Jan 11 31 >4 Jan 31 67 Feb 8 190 <o uoc 35 1)34 Dec 3 5 7a Nov Dec Deo Jan 83 % Dec 7934 Deo 147gNoT 2S'-i Nov 89 27 1434 41=6 77 Nov Deo 58% Deo 67 Deo Feb 83 Nov Mar 242 Si Deo 72%Jaal6 254 90 24 91 63 Dec 37% Nor J'ly Aug 86% Nov J'ue 2034 Nov II 60 77 12534 May 94 Mar 95 Feb 159 Dec Deo Deo 33 Nov Nov J'ne 14 32 Feb 22 % May 5'-'3.j Dec 3S 83% Nov 8 1 "6 Nov 31 Feb 5634 Nov lU%Jan 193a Apr 45% Apr 52 Ai>r 26 Mai 43 '4 Deo 64*8 J'ue 16 Si Feb 41 14 Jan 31 101 Jau 31 86 J'ne 105 Oct ^310 Jan 17 5245 Nov 53 00 Deo 65% Feb 3 46 May 62% Nov 142% Jan 20 101 Feb 14834 Dec 172 Jau 13 13934 Mar 169 '2 Nov 79% Jan 4 72% Mar 96 '2 Aug 121% Jan 3 10434 Mar 13U3GUCt 5 Apr 23% Nov 24% Jan 9 U35 Feb 3 S119%Feb 150 Nov 60 Jan 17 40 J'ne 6734 Jan 87% Jan 28 80 J'ly 96 Si Sep 101% Feb 8 56 Jau 95 Oct 161% Feb 2 116 May 160 Oct 33I4 Jan 18 14=8 Feb 36% Nov 67=8 Jan 18 3214 J'ne 65 14 Deo 109 Feb 3 87 Feb 111% Deo 146 Jan 19 101%Feb 147% Dec 46 Jau 16 3434 Feb 45% Nov 24% Jan 10 1678 Feb 25% Nov 149% Feb 2 11278 Mar 145% Deo 46^4 Feb 1 25 May 47 Di'O 122 Si Jau 30 101% May 115 Nov 82 Jau 31 60 J'ue 78 Deo 207 Feb 3 §18514 May .99 Oct 46 14 Jan 19 1938 Mar 4T7t,Oct 81% Feb 3 63% Mar 80 Si Deo 94 12 Feb 88 May 95 Deo 97 Feb 61 Feb 82% Deo 95 J'ly 101 Sep 107 Feb 97 Feb 61% Jau 86% Deo lll%Mar 140 Deo 140% Feb 34% Jau 31 17 Mar 32 Sj 1)00 101 Feb 2 74%J'ne 8 >» Jan 1 87 108 May 7 9 '2 Nor Apr 80 Deo Apr 07 Deo 38=4 Mar 8'.'% Deo 19 S68 Feb 3 66 Jau 27 90 J 823^ ,111 95% Feb 3 Fob 2 76 Mai Feb 3 65% Feb Jau 18 lOipMar 37% 85 Jan 4 5734 Jan 72 Jan 19 30 Apr 1734 Jau 3 9 Mai35 May 6834 Jau 21 291, Feb 3 16 Jau 7yi.i Jau 4 {61 Mar 73% Feb 3 39% Jan 179 '2 Jau 21 150 Jan 92 85 94 92 Deo Deo Not 86-'8 Nov 3734 7214 IS ".J 60 30 79 72 185 '4 Si Uoc Nor Nov Nov Deo Deo Deo BANKS AND TRUbT COHJF.VNIES— BROKERS' QUOTATIONS BaoUM SEW YOBK America .. 1i Amer Excli. Hid Ask Ilnukx Bid A sic City 290 296 Coal Iron. 202% Colonial I1 ... 450 Colurabiali .. 400 & 615 530 127534 Astor Boweryl, 776 325 BntcirHife Dr 160 Century 1|.... 180 Chase 650 Chatham 320 825 Commerce... t229 330 Consolidated 14-1 G'rnKxchgeli 385 Discounlll ... 150 East Bivor.. 150 Fidelityll .... 180 ChelacaKxcK 175 Chemical 4275 4326 l.'-.2 .(95 160 160 200 Fifth Avelj.. 3450 3760 Fifth 300 First 766 Banks Mid Ask Bankit Jiid 221 160 Jeffersoni].. Fourth t222 520 Liberty Gallatin 415 120 1500 Lincoln Gansevoort'l 142 Si Garfield Maiden Lane 105 600 German A m1^ 170 172% Mauhattanll. 315 MarketAFul 265 German Eifl 360 :!80 Mechanics' t307 Gixinuiii.-i'l .. 591) 620 Mech <fcTi-a11 140 Greenwich 11 225 245 Mercantile.. 280 Hamiltonii .. 170 Hanover Merch Exch. 165 t529 Merchants'.. tl80'4 Imp ffc Trad. 595 605 380 InterboroH.. 165 162% Metropll 14thStreet1]. 300 Irving Ask BankH Mid 225 MtMorrisTl.. 215 .MutUiUII 290 540 .Vassaiill 195 325 270 . 150 290 175 Now Ainstor Now York Co N y Nat Ex. New York... Ask 225 315 200 500 475 1300 200 205 316 325 lOth Wardll. 220 North Araer. 215 226 120 Northern 240 247% Orientalll 255 265 Pacilicll £id Banks Ask 285 300 Plienix 130 136 People'sT].. Plazall 640 Prod Kxchll 175 186 Hiversidell 250 625 600 280 700 Leth. 155 160 .. Seaboard Second Sliooifc St.atcli 200 190 200 120 125 2U0 216 1 34th airoet.. 12th Wardll. 23d Wardll.. +540 1« Union Exchll Park 173 New stock. Bid and asked prioes^ no sales were made on thU day. i l,,03a tuau 100 saaros. ; i<^'c riarnis. ^taio KiiiKi. II iCx dividend ami rii^lita. n Sold at private sale at this price. A Asseaameut paid. t Sale at Stock Exchange or at aaotiou this week. < Trust Co. certificates. OitizeuH' Ctrl 165 ' 'i t> 1 . Feb. 1 Stock Record—Concluded—Page 2 4. 19<i5.] UTOCKS—HJGHEtiT AND LO\V£8T BALE I'SJCHS JHoniiau Jan. 30 SatuT<iaii Jan. 28 26 '8 2618 60 Ha 00 25 14 2534 61 60 '.. 67 't 65^2 y7-\. 34 \ 34 *120 23>2 •22 221a •35 531a IO7I4 36 3534 53 14 100 107 119% >« 98 '4 23 "2 2:!i2 98 231a 25 (5934 71 2r's 22 41:! 34 44 IS 18 *45 46 k 4o^4 IS 46 26I4 25% 60 601a 1634 I6I4 64^8 66 7g 72»2 72 651^4 83111 93 "a ys^e 34 34 *94 97 •34 39 •221 22G 12 -10 IOHj 10 49 14 49 250 34 97 39 225 *93 '35 5221 85% »180 38 v 16H; 41 16 63 141 138 •145 •III4 2214 {9514 106 205 71a 26 b5% 86^4 46 46 95 45=8 IS's 16»t 20214 2033, •i;uH>i;^3 1934 201^4 7612 761a "" 371a 37 H 63»8 6358 7319 79 184>a 185^2 21<a 21'8 "" 77»a 77'al 86^ »65 38i» 384 *86 '180 183 9934 '8 16 63 142% 22 iv 90 Vj 107 210 15% 89 *85 17 203 "20ii 76 96 107 '11 *6034 48 95 204 14 140 116 263* 61 100 7l'^ 13% 137, 1<'2 102 1< «0<4 371s loo's 31 951 •ll'lj'fi I19I4 183 993, 1534 154i 6138 343. 10 62 743, 73% 7434 33% 93% 33 14 3 3 '4 93 93 S414 97 36 23434 12 IOI4 48^4 34% 93 341* 97 •30 38 23434 23*3., U% 10% IOI4 47% 47% 7I4 6% 6% 4034 40% 41 17% 16% 17% 42 36% 36% 110 *1 734 16 62% 22% 23^4 9S 98 60% 46 85 1714 76 63 4778 95 17 14 203 145 99 108 U% 3678 63 T8ia 76^4 18534* 18518 38 86 26I4 114k 66 4i 63 78 78 4» 186 4i 1853^ 20 22 77 774, 66 65 37% 38 87 92 64% 116 27 14 66 78 21 77 14 6834 39 87 55 117 267^ 2734 IOII4 10134 10034 10 H4 150 157 150 157 103 10434 43 14 44% 107 10734 36% 36 4. 3334 937a 16 69 *24i) 92 "4 42 H; 249 & 60 60 4634 47% 95 Butterick Co Cioiorado Fuel<fe Iron... ' Dopref 135 20 79% 76% 76% 73% 741? 5476 5479 157 4; pref 55 117 Do pref International Power Internat'l Steam Pump.. Do pref National Biscuit Do pre! 29% National Lead 28 Do pref 103% 10434 157 42 New York Air Brake 28 101% 150 38 4. t8 38 86 88 116% 116% •116 27 101 Do 81 186 186% Cteneral Electric 203* 21 international Paper 70% 72 •37% 39 5434 64% Federal Mining & Smelt'g 63 20% 203. •76% 77% 86% 764: Do pref 3634 Distillers Securit's Corp. 76% 36% 63 66 79 79 185% 186% Continental Tobacco, prel Com Products 20 150 104 104', 44% 107% 44 4, North American Pacific 10734 MaU 94 93% 9334 94 16% I6I4 16% 16 16 14 69 69 10% 16% Republic Iron <fc 6:t Do pref 69 691- 94 61 61 1041 1 1 714> 37 4i 73% 3S IOI4 731. 25% 85 125 137^, 11 814 new eop. Gas-L.<S! C. (Chic.) 94 27% 27% Co., 35% 36% Pressed Steel Car 90 Do pref 90 243 243 Pullman Company 3378 SJailway Steel Spring... 34% 33% 94 94 Teleir... . 33% 34% 97. 13% pref 34% ~ 271* 100 Do Amer. Teleph. 146 Reliiiin'.' 95% Amer. To bao. (new) ,pf ctfs 23 24% American Wooloii 98% 994 Do pref 108 108% Anaconda Copper 204 210 Brooklyn Union Gas 11% 12 musw. Dook& C.Imp't 103 104'-.; 00 104 43% 444 43 43 107 14 107% 107 108 35% 36 33 4j 3634 91% 91% X8934 8934 91 4j 91 4i 235 245 *235 245 242 242 1 American Sugar 9434 2034 186% 1427* 16% 16% 16% 17% CoL <fe Hock. Coal & Iron. 201% 202 202%204% Consolidated Gas (N. Y.). 3334 68% 68% 26% 94 £VDo pref steel ... 26 14 Rubber Goods ilfg 96 Do pref •61 61 62 SIoss-ShelBeld St. & Iron 100 IU414 100 104 '100 Do pref 1% 1% 1% 2 1% 1% Standard Rope & Twine.. 72 72% 71% 72% 71% 7134 Tenn. Coal, Iron <& RR... 14 36 38 4: •36 38 4 38% 3S% Texas Pacific Land Trust 10% 10^4 lO'a 10% Union Bngci Paper 74 Do pref ?73 474 73% 73% 74 2434 26 25% 25 25% 25% U. S Cast I. Pipe & Foun. Do pref 85 85% 85% 85% 85% 86 5124 125 4122 126 5125 130 United .States lixpress... 1334 14% 14 14% 14 14% United States Leather 1021.1104% 103% 1(^4 '4 10334 104% Do pref 8 134 82 4 82 85 17 S Realty & Irapiove'nt 82 4 82% 36 42 30 42 36% 36% 36% .H67, United States Rubber Do pref ICO ICO 4. 400% 10034 100 100 30 3 30% 30% 30% 3034 United States Steel 94 14 95 4: 9434 95% Do pref 94% 35 26^4 *94 267e 97 62 104 14 34% 31I4 10734 1073, 2634 94 34% 10.8 240 92% 2534 •94 •61 96 61 33"4i| "Virginia-Carolina Do pref 34% 34-* 108 45 250 42 42% *42 250 *2io 250 •240 240 250 92 14 92 42 49243 9242 92 >4 923, .- 4 92% 92 \^»\ 1803. l80 180 4: ISOI4 1804i 180 ISO'4 17934 180 •1'. 194 190 195 418v) 42189 42 '190 194 190 194 4L'i3 144 47% 85 Lowest Highest 22% 03 4634 Week Shares 96% 19% 20 •7534 76% 7534 77 36% 36% 87 86 371., 5434 210 60% EXCHANGE Sange tor Tear iy05 Range lor Prevxov* On basis o/100-share lots Year(iyu4) 4.800 24% Jan 6 27% Jan 20 2534 26% St. Liotiis Southweatem.. 7,000 57 Jan 12 63 % Jan 20 61% 61% Do pref 195,150 6334 Jan 6 68% Jan 16 6734 Southern Pacific Co 67 9,870 11534 Jan B 118% Jan 24 118% 118% Do pref 34% 35 Sonthernv.tr. cfs. stmped 53,600 3234 Jan 25 36 Jau 3 6,550 96 Jan 13 98 Feb 2 9^ do 97% Do pret. 99 M. <fe O. stock tr. otfa ... "3 2%.Tan 25 "3 6 1^ Feb' 3 3434 364 'Pexas & Pacific 2L35'3 1-9 7* .Ian 11 131 Jau 7 126 130 Ihird Avenue (N. Y.)... "ibo 2214 Janl3 23 Jau 24 23 Toledo Bail ways <fe Light 35% 36% ToL St. L. <fc W. V. tr. otfs 1,420 35 '4 Jan 18 3i>34 Jan 6 53% 54% Do pref. vot. tr. ctfs. 3,720 5 1 3j Jan 2 5 54=4 Jau 7 10534 106% Twin City Rapid Transit. 11,325 105 Jan 6 109 H Jan 31 Do pref 915.010 113 Jan 6 123% Jan 30 122% 123% Union Paciflc 900 97 Jan 9 98% Jau 23 97% 97% Do pref Feb 3 8,l•^4 21% Jan 4 29 29 29 UnitRysInv'totSanFran 11,006 64% Jan 16 75 Feb 74% 75 Do pref 20.950 20 "-a Jan 25 23% Feb 2234 2S\ Wabash 19,525 41 Jan 25 46% Feb 45 46% Do pref 2,0011 •19 17% Jan 24 19% Jau 19% Wheeling & Lake Erie... 1,810 4438 Jan 18 48 Feb 47% 4734 Do Istpref 25%. Jan 9 2tf Feb 3,520 27% 28 Do 2d pref 23 23 4; Wisconsin Cent. v. tr. cfs. 24,290 2 % Jan 3 2434 Jan 31 Do pref. vot. tr. ctfs. 24,478 45 Jan 13 54 Jan 3 50% 61% Industrial «fe lUiiicell 245 250 Adams Express 5 5236 Jan 9 245 Jan 25 5,210 14 Jan 25 18 Jau 3 15% 15% llis-Clialmers 62 66 3,510 62 Feb 2 66 Jan 10 Do pref 258,320 70 Jan 25 77% Jan 16 74% 75 42 Amalg'amatedCopper 33 83% American Car & Foundry 7,100 3II4 Jan 25 34% Jau 3 9234 93 2,450 j;91i4 J;in 25 94% J an 3 Do pref 33% 3434 American Cotton Oil. 2,900 33 '« Feb 3 36% Jan 3 92 ;)7 95 Jan 11 95 Jau 1 Do pref *30 38 American Dist. Telegraph 33 Jan 10 38 Jan 10 254%23."> American Express Feb 3 1,151 4209% Jan 4 235 11 11 475 11 Jan 25 14 Jau 4 American Grass Twine .. 3,0.-|0 10% l04r Amer Hide & Leather 9% Jan 25 11% .Jau 14 5,09:. 4534 Jan 3 51% J.nul3 47% 48 De pref 6% 6% American Ice 7, 8 DO 6% Jan 9 7% Feb 1 16,545 35% Jan 10 41 Feb 2 40% 4034 Do pref 220 17% 17% -imerloan Linseed 5% Jan 17 18 Jan 21 37 42 304 36 Jan 19 41 Feb 1 Do pref 3634 37% American Locomotive... 28,210 Jan 25 38 Jan 30 ;3 IIOI4 11034 2,958 103 Jan V 111% Jau ii7 Do pref 334 Jau 14 600 634 Jan 3 7% 7% American Malting 26 26% 1,200 -5 Jan 25 27% Jau 14 Do pref 86 86 -i Amer. Smelt'g & Refln'g. 32,925 7934 Jan 9 863, Jan HO 11334 119% Do pref 10,526 ,11% Jan 13 119% Jan 30 180 183 American Snult .69% Jan 12 183 Jan 21 15% 15% 60% 6 134 142 142% 142% 139% 139% 107 204 the 99% Do pref 15% 15% American Steel Fonndr's. 61 61 Do pref 94% 95% 23 23% 210 Sales oj •98 94 lo IO8I4 Friday Feb. 3 STOCKS NK'W YORK STOCK 587 1-2 94 98 108 •204 63 26 86 119 183 100 139 476 1418 " 62 145 12 102 10214 81 14 82 36 4; 37 4 37 37 , 10034 IUO34 10034 10034 29% 31 3o38 31 91 'J 95 94% 9.-. 34 14 31 34.4i ;;5 103 108 •107 108 42 42% *42 43 801a 66 143 14 189 142 76 72 103j 110 19 61"" 250 I5I4 26% •25% 26 85% 85 4j 85% 11834 119 119 *180 180 183 98 4t 100 "98 203 IU414 244 llO'a 11034 •7 8 201. 6612 250 27% 23% 24 5i 61% 40 36I4 734 110 210 4i 23% 27 41 37 14 41 «19i4 *36 371^ 10 lOia 10 14 10^8 7II4 7015 71 72 7314 24 243, 24 25 14 24% 8434 84 '6 8434 8 434 847g u;t 126 •120 126 '120 ;;ii-.. 64j 39 16 26 86 14 22 41 97 53 98 28% 23% 132%132Se 13234 133 14 133 21 62 12 94'-;. 4S34 678 3878 171a 174, *77 65 94 oOSg 4230 20278 2034? 871^2 131a 234 48 95 22I4 86I5 J-^ T2 102 80 37 loo 33 92 oO I7I4 78 li 67 38 38 •864 89 65 55 267g 271. 1041. 71 •38 10 97 39 20=, 26% 273* 27 la IOOI4IOOI4 99341001a •150 157 li •150 158 99 99 14 lUO 100 43 4334 4411! 431a 1067810714 106ialO7% 863, 37 37^4 361a 9II4 91 91 9mj •240 246 *240 245 34I4 la 33 3334 34 •9334 94I4 »93 944: 1515 16 16 16m 67% 69 12 69 69 >u 95 *60 •100 937* 3334 47 85 ISia 37 15 -63 '76 184 la 22 14 77 65 221a ^^4 116 27 4i 50 116411612 II6I4II64: 551a 47 48 19% 1514 16% 62 62 4 14178 1431.2 ^.;04 11 411 *60ia 63 12 63 47 47 240 161* 13334 13834 138 147 *145 146 94 '4 9434 94 94% 94 "a 94*4 106 107 *2ul 210 454; I914 5042 38 •16 40 40 36 14 37 14 lioialll 8 99^8 99 2-^ Hi 19I4 45 26% 28 23 4j 24% 240 I2II4 123 44% 4334 1334 10 4j 48 6% 1224. 7434 10% 10% a;48ia 6% 734 94'i. 1181. 74 22 'lOia 11 *26ia 2634 147 66% 118% 21% 22% Ilia 119% 11914 11978 119 94^4 •J 2 6634 II8I4 343g 62 67 721a 75 33 93 3Gi2 3^ 11034 11 11* •145 721a 217* 4334 734a *37 ^934 \fS\ 26% 93 33 37% 63 >2 eiHi 14134 142 14 26 14 7434 17 S 41 9934 1534 61 14 97% 98 26% 2842 3318 931a 3334 37 111 183 121 I2214 973, 7234 371a loia 1L8''8 34 4 71'8 7339 3318 333.1 931a 93 ^t 37% •IHO 6137 99 .;2 37 •16 26 li 26^4 267a( 2534 9734 65% 65% 6% 8 67 118% 1534 63, 111^4 60 14 66 '8 118 34 43 14 18 14 I834 46 14 46% 26 27 2434 22 46I4 54 240 12 1038 1034 491a 49 7g H.. 2579 17 65 1^ 220 512 "-2 2134 46 14 3i •92 *34 "^4 25 71 22 240 250 734 251a 9734 2612 •251a 2134 451a 2IV1 22 4534 4534 6>u Feb. ? 118 34 97 14 *98 S98 es^a 6914 21»4 2L'fc »240 16 Thursday Feb. 1 119% 1231a 1211a l'Jl"(. 98^4 43 >2 18 40 26 97% 100 044: 130 •125 3434 •98 100 •98 iVednesday Jan. 31 34 34% 97% 97% 97% 98 •98 *96% 99 99 34I4 341a 34 '4 34% 341-j 34% 3.j% '125 130 125 128 128 125 128 22 23 •22% 23 •22 22'-. 3579 35% 36 '4 •35 3H4j 36 36 *63 53 4j 52% 5334 531a 54 531a 108 14 IO9I4 0:10714 1074: 106 106% 108 337g 97^4 343^ Tuesday 6618 071; 117-'4 118>3414 97^4 911 . 103 lOS 240 250 40 92% IbO 190 Chem.. 42% Virginia Irou Coal & Wells, Fargo <fe Co C est'n Union Tele'gpli 92 4 180 West'gh'seEl & M f g assen Do Istpref 194 "456 99 Jan 7 95% Feb 2 4,300 1234 Jan 6 18 Jau 20 4,478 5234 Jan 6 65 Jan 20 23,925 138% Jan 2.0 14434 Jan 18 630 137% Jan 17 139% Feb 2 100 144% Jan 23 148% Jan 6 Feb 3 22,799 91% Jan 25 96 6,120 20% Jan 26 24% Feb 3 845 93 Jau 6 99 Feb 2 5,lo0 103% Jan 25 112% Jau 11 203 Jan 26 209 Jan 1 210 10% Jan 13 12% Jan 2U 200 60 Jan 12 60% Janlt< 49,32b 43 Jan 26 48% Jan 4 95 Jan 4 96 Jau 4 5,600 1434 Jan 25 184j Jan 30 12,200 194% Jan 9 204% Feb 3 400 128% Jan 3 133% Feb 1 3,780 1734 Jan 25 21% Jan 10 535 74 Jan 25 79 Jan 10 4,764 234% Jan 25 39% Jau 5 2,600 60 Jan 11 66% Jan 19 Feb 3 1,300 75 Jan 5 81 3,500 181% Jan 24 19034 Jan 16 1,750 20 Feb 1 23% Jan 16 665 76% Jau 3 78% Jan 30 5,450 65 Jan 18 74% Feb 3 80 U 37 Jan 10 39 Jan 11 200 86% Jan 13 87% Jan 3 2,220 54% Jan 26 56 s, Jau 5 725 115% Jan 10 116% .Tan 30 44,375 24% Jan 24 29% Feb 3 2,300 97% Jan 7 10434 Feb 3 147 Jan 24 a;159 Jan 4 11,900 98 Jan 20 10434 Feb 1 4,300 42 Jan 25 49% Jau 4 12,650 105 14 Jan 25 108% Jan 16 2,7i;0 33 42 Jan 31 3334 Jan 6 1,735 88 Jan 25 92% Jau 27 380 237 Jan 3 248 Jau 14 4,514 32 Jan 7 34% Jan 20 600 93 Jan 25 94% Jau 4 7,700 15 Jan 23 17% Jan 3 2,560 67 Jan 10 71-4 Jau 4 2.".% Jan 24 28% Jan 10 2,8.^)0 600 94 Jau 25 95% Jau 4 500 60 Jan 26 63% Jan 3 100 Jan 13 102% Jau 4 34 Jan 28 3 Jau 3 3,450 19,400 08 Jan 25 73% Jan 31 400 37% Jan 31 38% Feb 3 9 Jan 25 10% Jan 17 1,400 Tan 10 74 Feb 3 1,20U 63 25,629 19% Jan 3 26 Feb 1 79 Jan 3 86% Jan 10 3,385 '4 567 5120 Jan 9 130 Fob 3 56,665 12% Jan 9 14% Jan 16 56,373 10078 Jan 10 104% Feb 1 18,719 77 Jan 4 85 Feb 3 4,000 3334 Jan 3 3334 Jan 10 1,650 9S% Jan 6 101% Jan 11 297,680 28 14 Jan 25 31% Jau 17 259,742 91% Jan 7 9534 Jau31 4,060 32% Jau 25 39 Jan 3 857 105 Jan 23 109% Jan 5 1,300 40 Jan 7 43% .Tame 235 Jan 3 4247 % Jan 24 i',375 92 Jan 17 95 14 Jan 4 1317 176 Jan 25 183% Jan 16 70 19 L Jan 25 193% Jan 17 '-2 Highest Lowest 9%J'ne 29 25% J'ne 41% Mar 113 6O34 6334 Deo Deo Nov Sep 119% Deo 18% Feb 37% Dec 77% Jan 97% Deo Deo Feb 98 Feb 25 6^ 25 iJeo I'eo Feb 14%J'ly Nov 48% .Vov 22% Nov 37 523.. J;in 90 20% J'ne 38% Nov 1 15 Mar 134 Oct 17%J-ne 27% Oct 2l%May 33 Nov 32 t"bU 57% Nov 87% Fob A.107!M Oct 158 Aug nos Nov 71 Mar 117 Nov 286% Feb 9B Deo 9 42% Apr 15 May 3234 J'ly Nov Nov 49% Nov 21%.I' lie 32 16 37 25 J' J'ne ^220 Feb 250 Oct Mar 21% Not % Mar 7 1 Nov 43% Feb 8234 Deo 1434 J'ly 35% Deo 67 Jau 9434 Deo 24%J'Ufc 37% Deo 3334 J'ne 97 Nov 22 Aug 39 Deo 130 J'ne 219 Nov 5 Aug 14 Deo 11% Dec 23g Jau 11% Jan 4334 Dec 934 Nov 6 Dec 24% Mai 42 Oct 7 J'ne 20=8 Nov 22%J'ni- 42 4 Nov 16% Jan 36% Nov 75% Jan 105 Nov 2% J'ne 9 Dec 16 J'ne 29 Deo 46 Feb 82% Deo 6 39 8834 110 85 Jan 115 Oct Nov 99% Nov 170 J.-in Jan 3% J'ue 15% Deo J'ly 67 14 Deo 122% Mar 153 Nov Jau 141 Nov Feb 149%Nov 80% Nov 96 Deo 10 Jan 25 Nov 69 Jan 9434 Deo 61 Feb 120% Nov 26 123 121 135 .Mar 5 J'ly Fell 2.: 9% Oct 12=8 6234 5838 47 7g 26 % Mai 63 Apr 95 8 J'ue 19% 185 Feb 220 101% Jan 131 May 65 Mai 19%J'ne 43% Not 71 Nov 934 clol J'ne Dec Dec Nov Deo Dec Oct Deo 26% Nov 82 % Nov 40% Deo 68 Dec 90 Nov 194%NoV 10% May 25% Deo 64% Feb 7973 Dec 26 Mai 72 % Deo 28 Sep 41% Nov 71%Feb Nov 37 Jan 59% Nov 100% Jau 117 Nov 14% Feb 26 14 Oct 80 % Jan 98% Deo 36 Feb 164 .Nov Mai 107 Nov Feb 55 Nov 9234 Mar 112% Duo 24i4May 44% Oct 67 May 92 Dec 120 80 24 Mar May 7134 Mar 6 May 37 May 1434 Apr 209 16 Nov Nov 244 35 94 Deo 18% Nov 73 42 Nov 29% Deo Jan 98 Dec 31% Jan '>5%Nov 77 Jan 105 Dec 7434 34 Jlar Si's May 25 May Nov 5 77%Xov 39 % Nov Aug 13% Nov 45 Feb 75 I4 Nov 20% Dec May 6% 40 Atai 31% Dec 100 Feb 5128 Nov 6% May 20'4 Deo 75% Jan 106% Dec 43 J'ly 84%>:ov 10% Feb 34% Dec 41 Jan 100 Deo 3% May 61% May 95% Dec 2234 J'ne 44% Deo 97 38 Apr 116 Nov 18% Sep 44 Nov 4200 J'ne 250 Aug 83 May 94 4: Deo 153 May 185 Deo 180 Aug 198% -Nov 3 7g BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS ISauUs Bid tTnited 90 Wash. H'htsi 2110 Ask Banks 95 BROOKLYN Mid Ask Trust Cos. Bid Ask Trust Co's Bid Ask Farm Lo i& Tr 1470 1490 Trust Co's Bid Ask Trust Co's N YSecfeTr 700 North Amer. 295 300 Real Est Tr't 325 Stand.ardTr't 390 410 TitloGu JoTr t«"»4: Bid Ask BBOOKLTN 585 670 700 Tr 425 Brooklyn 410 185 210 Flat bush Uowl'gGreen 218 300 980 BROOKLYN 522' 335 1350 Franklin Lincoln Tr... 435 BroadwayTr. 163 170 Tr Co of Am. 515 '350 340 Hamilton Manhattan .. 490 C'lK'TyB&Tr 676 Union Trast 1415 BoronghH 120 475 Co 135 Kings 520 ProspectPkTl 135 Central Tr'st 211^0 3210 Mercantile .. 985 500 1000 US Mtg&TiBroadwayl.. 300 17th Wardli. 150 360 Merchants'.. City Trust... 345 225 Unit Slates 1500 1630 L Isl L&Tr. 295 131 o Brook lynl) .. 180 140 252 200 Na.ssau Spra.giie Metropolitan 630 650 390 100 226 Colonial "Van N'deuTr 230 Con'yIcfcKJJ' 145 340 1345 ;ople 8 Stuyvesanti 190 MortouTrust 9C0 925 Commonw'th SO Washiugvou. 415 First illlHTn 38014 sb'g. 236% Union',1 240 195 Mut.Alliance 155 i75 Empire 225 187% Windsor 205 Manufactrs'. 365 Wallabout^I 155 N YLitediTr 1075 Equitable Tr 650 675 • Bid and asked prices; no sales on this day. i Less than lOU snare>(. i l£.c nghcs. c Us divi-leud aud rights, t Sale at Stock Kxchan ge or at auction this week, o Ex stuck diyldond. i Trust Co. cartilioates. 'j Banas marked with a pac-igraph (^) are State bank* West Sideli.'. Yorkvillel: .. 550 400 MecluinicsU 290 Merch.ants'.. 130 Nassau 375 Nat City 295 North Sideli. 260 Peoplo'sli 290 CTTT Bankers' Tr. 420 IT. T. 445 224 Fifth Ave Tr Guaranty Tr Guardian Tr Knick 'rblc'r W . New York Exchange—Bond Stock Weekly and Yearly Record, Friday OCCUPYING FOUR PAGES DOMiS STOCK EXCHANGE 1^ WkBK ENDUiQ FitB 3 Y. £(. s, XT S 2s couaul regutlcreU.<21930 Q-J U 8 28 eonaol coapon....rtl930 y-J A:1918 y-F U 8 33 registerea fcl918 y-F U S 38 coupon U S 38 reg small bonds.. fcl918 q-F U S 3s con small bonds. .^1918 /il907 V S 48 registered U S4s coupon /il907 1925 1925 U StecoapoB Philippine islands 43.1914-34 y-F S 4« registered Foreljrn (Government Japanese GTovt Gs stfrrg.1911 A-O i;d Wee1er$ or. Last Sale I04m05 104 "^ U .-> 103 4 105 >a 106 105 \ 106 lOtJ'i ioohj 94 S2 Sale are pr 1964 'i'i Keae State Secarities Class Class A 4 to 5 class B58 101»al02J8 190U 190(5 C 4s 1906 1920 1924 (joulslana new consol 48.. 1914 48.1910 consol Carolina N'orlli Currency fnnrting 48 Difit of Columbia 3-668 118 II914 103 "a 102 131 _19iy 63 1933 So Carolina 4 >«« 20-40 Tenu new seUtoment 38..1913 96^2 93^11 „.... SmiLll.„.„ Virginia fund debt 2-3s...l991 6s deferred Brown Bros ctfs. 96 1^ W'i Kailroad Alabama Cent Hee So Ry laba Alldl See At Coast Line A Ibany & Susq Hee Del Hud Allegheny Valley See Peun Rl< P Aileg & West see Ban it Aiy95 Q-J Ann Arbor Ist g 4s Atch T & S Fe gen g 43. ..19^5 A-O <fe <fe 1995 A-O Uegislered Adjustment g48 /il995 /tl99o /il995 Registered Nov Series E Series » Series Series Series 1 Series 1907 1908 FA FA F-A 1910 F-A 190S' H 1911 1913 K „ East Okla Dit 1st g 48..192& FA FA M :s AU Knox & Nor 1st g68-.194l> J-D M-S Atlantic Coast Ist g 48.AJ Charles & Sav 1st g 7s..l93B J-J Sav h' & W 1st gold 68„1934 A-O 1934 Ala Mid Ist gn gold 5s 1&28 Bninscfc\Vl8tgug4Bl938 SilSp Oca&Cj gug4s 1918 Atlantic <fc Dauv See South Ry Atlantic & Yadk See South Ry i'e« Sou Pacific Austin & N Bait «& Ohio prior lg3^s.l9-25 l8tgold OS fr < W A-O M-N J-J J-J J-J ftl926 q-J Registered Gold 4s /il948 A-O Registered Conv deb 48 /t.1948 y-j ..1911 93 Hi 96^ sale 9914 9938 983e »7'8 9739 96^8 , 96 100 112\ 116 103 140 130 aale Hi's lliHa 98 •« 97 19 86 »B Sale ioiSsile 91'4 92>4 481941 U-N 100 "^i Sftie let gSHiS-.-iyio J-J /il925 Ist gu g 5s. .1919 lat cg4'28..193U M-S Tol 1st g 63 1922 A-O Southw Dlv 92*4 Sale Registered Monon Riv CeuOhlo R & Pitts Ctev Pitts West I8tg4s.-.191T J.J €& Co certfs J P Bat Creek <& S See Mich Cent & M Beech Creek See N V C & H & Car See Illinois Cent Bklyu & iloutauk See 1/ong I Bmns & West See Atl Coast L Buffalo S Y & Erie See Erie 106 . 111>2. I2IH1. 9ii>4. Bellev R& Pgen g 5s.. .1937 West 1st g 48 gu.. 1998 1943 C1& Mall Ist gu gos Roch & Pitts lat g U«...1921 Consol Ist g 68 192ii Buffalo ifc Southwest See J&ne Buffifc Susq Istref g 4s.(ll951 Bur Cedar R & No Ist 5s. 1900 Con 1st <& col trustg5s.. 1934 Regxstere«l 1934 i'ifcN Wist gu 5s. 1921 1927 & St Llstgug Ts 190« C'anada South IstSs '2d 5s 1913 Registered. 1911. Buffalo AU& CRf M M-S A-O llSia 10u»a J-J 113 ... 109^109^ 94 Hi 991s 904 93 " 3263 130 10314 10-534 47 tlOO IOOHj F-A 12334 J-D 125 Hi 126 "i J-U A-O N Y& North 98'i2 120Hil26Hi 1243412434 Jan '05 Jau '05 99 10-2 98 '8 99 lOJ^t I0I34 119Si.... 120HiNov'04 IOIH1IOI34 I'^OHjMar'Oo 113 '4. 112H»Sep'o4 J-J 103 Hi Sale 108 la l^i3K^ & Shawn See 111 Cent Carolina Cent See Seab Air Ii CarUuige <& Ad See N r C & H 107 107 "a 103 Hi 107 '12 lO'i Hi loss's 107 108 J'ly'04 Carb MU L, S Salt 04 Jan '05 94 94 110 Jan '05 Jan'u6 110 121 66 113 110 121 113'« 114 107 J'ne'04 92 Salt 70 H» Sale 91 9-J Brooklyn (19 Hi 70^4 69 58 693< Sale R^ Bk y Co * S con gu g Os. 1941 Bklyu Uu El Istg 4-5a.l960 Kings Co Kl Istg 48.. ..1949 Stamped guar 43 194U Nassau Elec gu g 4s 1951 City & S Ry lialt 1st g 5a. 1922 Conn Uy<& Llstdfe re(g4Hi8'61 Den Cod Tr Co Ist g 08. ..1933 I<en Tram Co con g 63.. 1910 MeiRyCo Ist gu g JiOU) 1« No p^rtce Friday: 1104 220 98 i;9 02 73 '4 67 62 Hi 6 lOfiHjllOHi "-i Jan J'ne'OO 103 109 NoT'Ol Mar'Os 98 '05 98 1041 . htteet price this 11534 118H> II8H1 ll7Hi Jau'05 1213, 121 Jan '00 121 a Oa« Jan d Due 1 & I17Hin7Hi 121 .Apr « 121 Due Migr 56 107Hil09 96 .... 95 84H> 8518 Sale 84»4 Hi ge'a 10534 10034 Sep '04 84't, 27 Apr '02 Apr '00 Jan '05 96'8 IOH2 Vi Sale O-d 9634 15^8 18^4 , So 10134 102 95H. 967, Aug'04 IIOI4IIOI4 Dec '03 Feb '04 107 107 106 105 133 Hi 1344 11834 121 Dec '02 120 117 341, 136 14 09Hi 8438 80 Hi 83 I 10 107 Jan '05 113H»Dec'04 105 Jan '05 134H! Jan'05 120 Jan '05 108 i'l'gii ioi«^ '102^8 823g 139 82 102 2034 i7Hj lau. Sep '04 13434 Jan'05 1 16 Hi Nov'04 131 109 Hi Jan '06 ISO ISO 109H2l09H» 178 180 13434 10934 Jan'05 10934 10934 112 112 109H; J'ne'U4 112 98 Is Jan 'C'5 ll6HiApr'03 9818 112 98'« Dec '04 120 10-\lii 110i4Jau'05 1618 117 116'aJan'lio 110 116 11014 11714 1123f 1 I23g 12'4U3 11238Jan'05 321a 15Hi 137HiJ'ly'99 05 's 106 169 113 11434 06 11 Jan '00 111 109Hl Salt 09 1« 15 H. IIOI4 111 1 09 '•i 1091a 111 109H2 115»8Jan'03 110HiDec'04 1161* Jan 'Oo 128 12914 104 Hi Dec '04 102=8 May'04 100 ICO 103 Nov'98 11% 16^4 117 28 0638 0034 li5H?. 116 l&ia 11 OS's 111 Hi lJec'03 11034 Dec '04 128 0314 12Hl lOHs 17=8 129 4 ya'slOO'4 107 Mar'04 105 105 104 Mai-04 112 Hi Jan'05 107 115=3 II6I8U6I8 Dec '04 16 05 11434 11434 Aug'04 Mai'04 Aug'04 10738 Oct '04 14 lU4Hil05 mi^iiaia 10334 Jan '04 115»8 Deo'04 II6I4 Nov'04 03 14. lOlHiNov'Ol 07% , 06 09 »8 29 , , --i , 1834 , 33 32 00 04 23 , 22Hl 06 H; Sale '983^ Salt I0OI4 96I4 , 9434 9434 9414 94 14 82 Hi Sale RR 48. .2002 2002 1913 97 109 110 & G gen g 6a .ol919 Consol gold 58 1902 Des <fc Ft I) l8t2HjS..1905 DesM Keok& 1st 58 1923 Ohoc Ok 16 iis'Ts 117H2 0ct '04 IU834 109 105 1918 Pac M Sale 10r,H:May'04 10558Nov'03 10934 J'ne'04 1 29 14 119'4 Jan'05 Nov'04 1291412914 142 Hi Feb '02 131 Hi Jan '05 131Hil31Hi 103 Apr '04 '03 109 Sep 2 i22*'a I26** 126 126 124 NoVOl "85 10534 10414 106i« 106H> 107 Jan '03 9818 9834 '268 97'""99ii l01'4Sep'O4 97 J'ly'04 96 May'04 93 May'Ol 94 Deo'04 90 May'04 82 's 82 761-^ Sep '04 96'8 97 109 Dec'04 1159 811a 83 95'" '973; 103^8 Jan '04 Sep 95 109 '04 10634 J 'ly '04 on Next Pa«e. Street Unil^ray Met St Ry—rCon;Ref g 482002 A-O I^xAv<S;PFlstgug5sl903 Third Ave It R con gu 4s 2000 Tlurd Ave Ry Istg 5s. .1937 El (Clue) Istg 48. 1938 Met MU El Ry <fc Ir 30-yr g 68.1926 Minn St Ry Isl con g 68..1919 St Jo RyLt HAP Istg 69. 1937 St Paul City (;al) con g 68.1937 U ndercround Eleo Ryg ol London Prollt Rharln'^ r)s...iyo8 Union Kl (Cluc) l.st g 58. .1945 United RRs San Frsf 4s.l927 Uniteil Bys St L Ist g 4s. 1034 Clilc St 40-yr cons g 58.1930 WS W 25 118Hil20!s I17''fcll9 weeK. P48 R Clilc BONDS—Conlinued 84 78 833, 85 83-'i 109 Hj Nov'04 106»8 106 Jan'05 106 106 llOHilllHi 112 Hi Jan'05 lusgiiai, 94 1« 941-.. :'3H.Jan'06 92 Og 93 Hi 96I4 95 Sale 96 14 276 93 94 89 i(9Hi 91 91 67 82 91 98 95 .1917 114 90 llOi^, 48 Registered 68. .1911 CilStRy Istcougis.rJOO Ry Co l8t con g 68. 1 930 *let St Ry gen col tr g 68.1997 Bw-ayA7thAvl8tcg5sl94;! ^CoMJ'.aUlAvlstgu g 58.1993 Dt!i llOHiSaJe 84 Sale 108 N 43 107 Hi 107 Hi 106H.<)<a '02 14 95 107Hi Jan'06 lllH2J'ly'04 I1914 119Hi .... 07 95 10334 1041* 10134 102"^ 11134 .... 05 »8 35 1 Low Mign Jan '05 103 Apr'Ol 112 May'03 10278 lU2'e 98 Dec '04 OL Sine* January 104 14 Jan 05 IO2H1 102*8 90 Hi Apr '04 g 5s 1929 M-ls 10778 109=8 119 Hi Sale lloHi I u8 ^8 Sale Bang* 134 13534 13314134 113 113 IIOI4 Jan'05 1 02 Nov'04 06Hil07H! 1061* Jan '06 1910 1910 1915 1916 1 IOI4 0368 Isl g Os 1921 Coll trust gold 53 Knilway 'I'r g 5a 1945 l8t refund conv g 4s 2002 BkCity l8t con 68.1916, 1941 West Imp sluud 121 13 lUiSCEKlajlKKOUS .Street <fe <fe 102»sSale 105 06'8 Asliland Div 1st g G.s..l9'25 Mich Div 1st g 6a 1924 Convertible deb 5s 1907 Incomes 1911 Chlo Rock Isl <Ji Pac 6s. ..1917 Registered 1917 General gold 4.S 1988 Registered 1988 l8t<fe refnnding g 48 1934 Coll trust Series C 4s .. 1905 CedRf^aF&N SeeBORAl^ piy45 Oct plU45 Oct piy45 Oct i>» High. A'o 95 113 10334 IOOI4 96^8 Sale F & St Paul 1 St 53 1909 Winona «& St Pet 2d 78. .1907 H4s Cen iiranch U P Ist g 4s.. .1948 J-D 94.U Cen liranch Ry See Mo Pac Cen RR <* B ot Ga col g oa 1937 M-K 110 Cent ot (ia RR 1st g 5s..yl945 F-A iia^ Consol gold 5s 1945 M-N 114 Registered 1945 M-N Ist pre/ income g 58 2d pref Income g Ss 3d jirot income e oh Illinois Ist So Feb '04 8334 10434 Ott C Apr'ii; 126 Hj 126 H 12434 Jan '05 134 112 '4 105 Hi 82 1^ J'ne'99 I0714 Aug'04 1-53, 13534 134 Jan '05 lllHi 135 136 96 MU& 103 95 104 102 i-i 112'- W J-1. WI-S 108 /il987 Q Dock tfe Imp gu 58. .1921 J Le<fe Hurt R pengug5s 1920 J Leh & Wilks B Coal 58. .1912 M5I9IO Q Con ext guar 4HiS Long Br gen g48 1941 MCent Pacilio See So Pacific Co Chas & Sav See Atl Coast Line Clies cfc Ohio g 68 ser A..A1908 al911 Gold 6s 1939 ist consol g 5s Ext AO AO J 1946 J Mobile Div Ist g 58 Cent ot N J gen'l gold 68.1987 J 1939 Registered 1992 General gold 4H2S 94 '4 94 H, 4i-8 9334 94 Hi 1992 Registered ices n Oie 0/ $a to &. 1940 Craig VaUey l.st g 5s R<fe A Div 1st con g48.. 1989 1014 101 Hi lOlHilOlia 1989 2d consol g48 109i4Oct '00 Warm Spr Val 1st g us. .1941 102HiMar'Oii Greenbrier Ry lstgug48 '40 111 Mar'02 Chic<fe Alt RK ret g 3s. ..1949 11934 Oct 'O'i Jiailway 1st lien 3H28...1950 106 H> Deo'04 1950 Registered 1 03 S Deo'04 Chic B & Q— Ch <fe la D 5s 1905 136HjJ'ly'01 1922 Denver Div 48 120 Mar'Ot' 1949 Illinois Div3HiS 96', Jan '05 96-4 96^4 1949 Registered 96 Hi Dec '04 1949 Gold 48 97 "s Jan '05 97 Hi 97 >* Iowa Div sink fund 5s. .1919 lo Jan'ud 1919 14 »a IS'b Sinking fnnd 4s Nebraska Extension 48.1927 1927 Registered 1921 Southwestern Div 48 Joint bonds See Great North 1913 Debenture 5s Han <& St Jos consol 0s..l911 Chicfe E fli 1st 8 f cur 6s. 1907 98 Jan '05 1934 96H! 98 1st consol g (>8 10334 104 14 35 10338 104>4 1937 General consol Islos 101 Dec'oi 1937 Registered 96I4 30 95 H> 96 14 94'^ Chic & Ind C Rv 1st 53.1936 5 93Hi 93H2 Chicago & Erie See Erie 93Hj 93Hl 95«8 96Hi 2U4 94<^ 96Hi Chic In & l»ulsv ret 6s... 1947 99 Aug'04 1947 Refunding gold 5s 9934 Oct '04 Louisv N A & Ch 1st 6s. 1910 99H»NoT'Oi Clue Mil & St Paul con 7s 1905 9914 Dec '04 1914 Terminal gold 5s 99H»Jan'06 General g 4s series A..«1989 99Hi 99H2 98HjNot'04 elOSU Registered 97 Oct '04 General g 3 HiS series B.el989 99'4Jan'06 99 '4 991, ChiC«fe DSuDivg58....1921 112HiNoT'04 Chlo & Mo Riv Div 5s. ..1926 10134 108 274 ioi'Toa" 1910 Chic & Pac Div 6s 1921 Chic A P Istgos 125'*NoT'03 1916 Dak<fc Gt So g 58 ll-^'>8Jan'04 1924 Far <fc Souassu g 68 114i4 0ct '04 1910 Hast& D Div Ist 7s 93 J'ly'04 1910 Ist OS 97^4 Oct '04 1908 I & D Exten l8t7s 1919 lacrosse <& D Ist 58 1910 Mineral Point Div 58 1910 So Minn Div let 68 95 95 H. 9S 34 "a 96 Southwest Div Ist 68. ...1906 96 NoT'04 1921 Wiscfe MinnDivgSs 104 Hi 105 14, 1031% 105 No IstM Cos.. ..1910 104 1* Jan '06 1913 101 ifi 1st consol 68 1041s 106 "i U)5 IOUI4 Chic c&Northw cons 7!< 105 1915 92I4 92 7 91 Hi 92\4 1886-1926 Extension 4s IOOI4 38 99^4 100 Hi 100 Registered 1886-1926 92^6 89 92 92 <% 1987 93 General gold 3Hi3 90 N4 J'ly'04 Registered pl987 105HiMar'u4 Sinking fund Os... 1879-1929 108 Sep '04 1879-1929 Registered 119H2Mai'04 Sinking fund 5s.. .1879-1929 100 Nov'04 1879-1929 Registered 100 Sep '04 Debenture 58 190'J 1909 Registered 1921 Debenture 5s Registered 1921 1933 Sinking fnnd deb 5s Registered 1933 Des Mo <fe Minn Ist 7s. .1907 115H!Dec'04 Matlison Mllw & 1st Os.. 1905 ... .... .... J-J IO8H2 L' 96 M-S P Jun & M Div Ist g 3»38l925 M-N PLE&WVaSysref 93 10414 Sale 101 Si Nov M-N Stamped Debeuiures is Series D. 1906 F-A 105'*105''8 99Jtj77a 98 94 Hi J Am 106Hil05Hi 109»»Jan'05 108 »a J or Last Sale Ask Low Bid Registered 105^8 Jan '03 ISO'ilSlk 131 's Sep '04 130^2 131^4 130^8 Dec '04 94»4 lOe^s otfs 43 <fe Si 104"^ 105 Hi 104H»Dec'04 lOoHi Jan*o5 to^i\i. Alabama >. Deo'04 105 105 9434 Sale series 63 ctfs full paid 10634 Sale 5s cLfs lull paid Sep UOOi^Salfc 1811',; y-J oi Mexico « f ir 53 ol Co of Ga (Continxied) pnrmon g 4s. 1951 Mac & Nor Div Ist g 68.1946 1947 Mid Ga AU Div 58 Chatt Div 103^4 104 "i 104H2Aug'04 103^4 104 »s 106 Hi Jan '05 107 J'ne'02 9S^ <& 1 We^elc's Mange Friday Feb 3 Ao Low High Central Miyli 98V>Sale Speyer January CO a:) frtce STOCK EXCHANGE Week End ma Feb 3 N. T. 105>4 Ang'04 Kepub of Cuba . BONDS Jtanffs Siitce Range Ask Low Bid GoTemmcnt U, S. ' \ JYiee Friday Feb 3 .'VI- 93 Hi Sale 120 J-J J-J 95 14 Sale 11734 F-A FA OO'o , 120 95 118 '4 9.") 9-1 93 Hi Jan 10 '06 96 51 Jan'06 i)5 90Hi 94 119 I2OI4 94 T, 96 II6H1II8 "i 90 96 8.-)0 97 9914 106 Oct '99 106 Hi Nov'04 J-J M-N J-J 112 J-D A-O 99 Sale 90 86 90 Sale J-J AO M-N 110 86 H, 96 J'ly'04 99 « 981a 109 Hi Dec ".19 8734 86 99 90 80 00 10 8738 90 8518 86^ Deo '97 Gas nu<l KIcclric Uftlit Atlanta G L Co lat g 5s. ..1947 Due j 'ue K Due J'ly le J-D Due Asg oOue Oct p Due Nor (Option mU« Z Feb. Bond Eecord-^Continued— Paga 2 4, 1905.] BONDS J^iee STOCK EXCHANGE Week Kntjinh Feb 3 ChtcAStL SeeAtchT&SaFe CUic St L A N O See lU Cent Chic St L Pitts See Penn Cc CMC St P M & con 6s... 1930 Bid Mange or Atk liow y. January 1 35 JQ to 31^8.1930 J-I> 134^4 J-D 94 14 135 Ch St P Mmn Istges 191S M-X Nor Wisconsin l8t68...19S0 J-J lao^s St P <fe S City Ist g 68...19H) A-O 124 H) <fe Chicago Ter Trans g 4s. ..1947 J.J Coupon 97 V>5 off Westlndgeng6s9l932 Cliic A Mich See Pere Marq Choc O & Gulf -Se« C R I & P Chicife 113a4 W H<fe D consols 178. ..1905 A-O 2d gold 4'us 1937 J-J Cin D & I Ist gu g 5s. ..1941 Cin I & 1st gn g 48.1953 J-J Oil! W CIStL&c 132i8XoV04 Sale Sale , . 86 14 99 97I4 12 ;S<e«CCC&StL Cln S & C 5f < C C C St L Clearfield & Mah See B R&F Cnev Cin C & St L gen g 48 1993 J-D 102 W -'4 WW 991^ 97'a N Lack &W Ist 68.. .1921 J-J Construction 58 1923 Term <fe ImproTe 4s 1923 iW-N SyrBingAN Ist 7s.. 1906 A-O Warren Ist refgng3 ^8. 2000 Del <fe Hud l8t Pa Div 7s. 1917 Kegiatered 1917 ia-s Alb Sns Ist con gTi 78.1906 A-O Guar gold 68 1906 A-O Rene Saratoga ist 7a. 1921 M-N Del Biv Bridge See Pa Denv R Gr let eon g48.193b J.J Consol gold 4 "28 1936 J-J 5f FA Y FA MS A A BR A BE Minn SeeStPMAM JCiaat Ten Va A Ga See So By L^aetot MS ousatonic See 112 Elgin Jol A East 1st g 5s. 1941 iVl-K Elm Cort A JS o See Leh A N Y Erie 1st ext gold 48 1947 M-N 2d ext gold 5s 1919 Sd ext gold 4'a8 1923 WI-S 4th ext gold 58 1920 A-O 6th ext gold 4s 1928 J-D MS 9,o HoustATexCen 98»i 100 73 77152 101 14 Sale 103 97 96 84 96 Sale Sale 93 112 7618 941a 9014 101 Vj ISO 180 10 103 103 Registered 981a 99% 89 04>3 1081a 116 1161a IIO14 115^8 FA 1935 J-J 1935 J-J IndlU A lalst g 4s 1950 J-J Int AGreatNori8lg63..1919M-N Ga8g5s i'so"' 100 ..1918 EdElIUBku SeeKCoELAP EdElTl SeeN 68. VGAELH AP 58.. 1932 M-S t^^,l"*^° f^S E<j GA Fuel See P G A Co GaaA Elec BergCocgos C1949 JD J? • «• price Friday; latest bid IO9I4 10714 991, I2134 122 103 Bale 79 Sale 114ia 95 123 86 85 105 105 1041^106 95 95 9434 May99 Jan '05 Nov'04 851a 86 9518 961a 10 123 14 125 110 la Jan '05 103 Nov'04 llOiallOV Mar'04 106 107 la Dec '02 99'ss Dec'04 1211a Jan '05 102 79 116 121 121>a 101 14 103 701a 80 103 80 116 86 la 873^ 86I9 7*14 Sale 74 14 75 63 Oct '00 Kentucky Cent Set Keok A Dee Mo See C B I A P KuoxviUe A Ohio See So Ry 96 AW 84 ake Erie IstgSs.. 1937 [ Aj 2d gold 5s 1941 North Ohio Ist gu g 5s.. 1945 A-O L Sho A Mich S See N Y Cent Lehirii Val (Pa) coU g 58.1997 M-N Leh ValN Yl8tgng4ias.l940 J-J Registered 1940 j.j Leh V Ter Ry Ist gu g 58.1941 A-O 93 H7>tll7i« Registere<l 1941 a-O Col*'' 58.1938 J-J l.eh i Ist guar g43.. 1945 M-S f'^J' 114 J'ne'04 11334 J -ly '04 YS°^ AN ^S BO.SD.S— t;ontiiiued on II414II5 86 86 >o 118»8. 11218. U20 . lOSig. llOia. 101 S. I19I4. 113 . 110 . 98''«. ibsi^ 72% 78 1171a 119S iifi^iieJi IO8I4 Jan'05 11138Dec'04 105 Jan '04 108 1410314 UO'b 119i4llt% 109 la Oct '99 108 Dec'04 99 Jan '05 99 90 '. 106 19. loeiaKov'04 117 100 II714 Jan'06 101 106 96 92 11934 Jan 'Oc 11234 Nov'04 119^2 Jan '05 1193b 117>4ll7V lOOiaDec'04 1071^ 105 Jan 'Oil 9914 Oct '04 101% Jan 102 110 11314 IO3I4 10338 105 106 101% lOS '06 J'ne'04 10334 ioi% 20 102 109 105i4ilar'03 112 Mar'02 10534 115 Ulia 107 la Sep '04 109 Nov'04 11134 105 1203^ Salt II9I4 103 Sale lU'e 99 14 Sale 1143g 1041a 1041-^ 12038 120-V II9I4 11912 102^4 1031a 101 'g J'ne'04 114''eJau'05 99 993>, |ll4i2Jan'u5 ^.,.l8t cousol gold 58 112 1041a 104 « 10| 4 119 120% 24 117 71 102 119>» 108% 114'8ll4V 99% 981a 114iall4i« .... 61 la Oct 9018 10734 YA '01 90 V 1:: 901* 9134 Dec '00 IOKI4D0CO4 100 ialo Oct '04 i'2634"'"i27" 9614 001 '04 and asked this week. aDneJan 5 1125 6 127 33 108ial0»«« I Due Feb dDueApr eDue.May /iDueJly /c 92^ 9214 I 13 la 97' '05 110% 94% »7% 105% 110 110 110 95 105 156 Jan 1995 J-J 119 ... 120iaJ'ue'(l4 10734 Jan'05 1051a... Rich Gas 1st g"58.1921 M-N 100 Mar'04 I eo Gas A C Isi con g 68.1943 A-O 12534 127 125 Jan'05 Rotunding gold58... 1063« Dec'04 1947 .\£-S 107'4 ChG-LACkelstgnpos 1937 J-J 1081a Sale 1081a 1084 Con G CoolCh lstgug58.'36 J-D 1 083, bale 10838 IOS34 Eq G A F Ch 1 St 100 la Jan '06 g 68. 1905 J-J 101% Mu fuel Gas Ist gu gu g 58.1947 .M-N 104 102 "a Nov'04 Syracuse Lighting Ist g 58.'51 J-D reiiKiu Ci <fe El 1st g .")a 1949 M-s> 11214 Jan '05 Westchester Linht'g g 58.1950 J-D Ill's. 113 113 •I6 >^ AQEl L&Plstcongosl930 F-A X Nov '03 1081a 1091^ 92 14 Jan 05 ' - .Next I'age. Mm 114 Gen Electric deb g o^s 194- FA 90 ig Or Rap G LCo let g 58.. .1915 FA Hudson Co Gas 1st 5s 1949 M N 109 Kau City (Mo) Gas 1st x Ds 19vi2 A-O EUigB Co El La Pg 5a.. .1937 A-O i08' Purchase money 68 1997 120^, Ed El II Bkn Istcon g 4V 1939 AO J-J 94 v.. ' and Electric Li«lit 117 117 Jan '05 116%117 LacGa8LofStLlstg58.el919|Q-F 109 Sale 69 Nov'04 Milwaukee Gas L Ist 48. .1927 M-N 91 Sale 178 ISO 207 17414I8O l<uei Was Co See Peop Ga.s L H A P OS. ..1948 J-D 110 Sale g ^^J^ lOOia 1021a 25 100 1021a '"^'t) Purchase money g 48. ..1949 F-A 951a 95''e 105 J'ne'03 Ed El III Ist conv g 5s..191o|m-S lOSialoeia ir I 11»\ (iaa 1909 J-J 1923 Det Gae Co con Ist g 17 109 KalAAGR SeeLSAMS . 11534 Co 10ti« an A Mich See Tol OC K C Ft S A -M See St L A ASF KCAMRAB SeeStLASF Kan C A Paclllc See M K A T lll>alll34 i>il!!»(JKLil^C«i£<>US 981a 101 >J 95I4 101 LAN 96 70 90 101 1, 99 1951 . M-N A-O ^ Nov' 04 96 la Jan '05 ig Oct '99 100 Nov'OO IO518 10534 Nov'04 123ial26i, 124 la Apr '04 114 90 Nov'98 124 126 125 125 123 11934 Mar'04 95 93=8 May'04 97 14 St . (J , 81 1923 City Sou 1st gold 3s.. 1950 A-O Registered 1950 A-O 117i«Jan'06 Sale 1051a J-J J-J , Detroit City fcO 31 lOS Ang'04 Mar'03 9914 Oct '03 70 Oct '04 105 Jan '05 102 Oct '01 B"-A Kan Sep Jan 84 60 93 61 921s 117 Nov'04 110 11034 l(J5iaJ'ly'04 100^4 Apr '04 113 95 J-J 2d gold 58 1909 M-S 3d gold 4s 1921 M-S 102 Iowa Central let gold 68.. 1938 J D Refunding g4s 1951 M-S 1091a Jeilerson RR See Erie 108 106 A-O 106 A-O 103 ig M-N 1051a Sale 1054 1051a M-N 1041b 101 Apr '04 J-D 104 1061a Mar'03 . ConsolGasconvdebes OoDsuni Gas See P G A 85 104 la 106^^ 102 94 A-O . <^as and Electric Kittht Bklyn V Gas 1st con g 5s. 1945 Buiialo Gas Istgos 194 1081a 112 USiaMar'OO 99 Memph Div 1st g4s... 1951 J-D loe^llO L Sou 1st gu g 48. ...1931 M-S *103 1210434 Ind Bl A West See C C C A St L 14 1041*10414 33 100 111 MS AN W '04 '06 100 95 80 1st 6a Ind Dec A Ist g 58 Ist guar gold 58 101»4 11034 Sale J-J J-J J-J J-J Carb A Shaw 1st g 48... 1932 ChlcSt L O g 59.. .1951 J-D Registered 1951 J-D Gold3ias 1951 4 10634 1071a 11212 111>4 Jan'05 llTia. FA 11334 114 101 560 100 !«, 24 lOlSg 1041a Pac Co llinois LN 116»all6»2 73 See So Central Ist g 48.. 1951 I Registered 1951 1st gold 3ias 1951 Registered 1951 Extended 1st g3ia8 1951 let gold 3s sterling 1951 Coll Trust gold 4s 1952 Registered 1952 O A Tex goldtt. ...1953 Registered 1953 Cairo Bridge gold 48 1950 liOnisvilleDlv gold3ia8.1953 Middle Divreg5s 1921 Omaha Div 1st g 38 1951 St Louis Div gold 3s 1951 Registered 1951 Gold 3ias 1951 Registered 1951 Spring Div 1st g Si^s... 1951 Western Lines 1st g 48. .1951 I BellevACar Jan '06 128i«l29>a 129iaAug'04 111'* 114iaJ'ly'04 108 Hi I0314 103'4 107 14 1071a 1071a 91 1* 102 Feb '03 137 '4 133»4 Mar'04 149 Aug'Ol 106 >4 1 04 14 Dec'04 >4 IO4I4 104 Sale IO414 142 >« 146»8 0et '04 MS MS W J'xie'02 Oct '04 lOOSgSaJe 100 14 100 1« Sale 100 ig N YNHAH gffistered 1945 m-S 107 la Jan '05 107 la 107 »a Ist g let pt 68.1914 A-O ^i.^,"^ ^ 111 May'04 Gold guar 58 1914 A-O 102 101 la Jan '05 lOlialOlia Leh A Hud R See Cent of N J let consol gold 78 1920 1361a 137 137 137 13538 137 Leh A Wilkesb See Cent ot N J l8t consol g fund 7s 1920 132^2 130 Ang'03 Leroy A Caney Val See Mo P Erie let cou g 48 prior.. 1990 J-J 101^4 102 101 la 10334 148 i0(Mi i0334 Long Dock See Erie Registered 199(j J-J 98 la Jan '04 Long Isl'd— l8tcong5s./a931 Q-J let consol gen lien g is 1990 J-J "92^"92«8 92 9234 14 9234 91 Ist consol gold 4s /il931 o-J Registered "l99ij J-J 88 Nov'04 General gold 48 Peuncoll tr g 48 193.S J-D 1951 F-A 95 Sale '.to Ferry gold 4^28 971a .iOo 95 971a 192 :vi-s 60-year conv 4.S A 1953 A-O 104 Sak 103 104i< 406 9534 IO414 Gold 4s m-i-' J-D BuhN V A Erie Ist 7a. .1910 J-D 12534 127isNov'04 Uuihed gold 48 ... 194 M-S BaffASWgold6s 1908 J-J 104-4 106 Dec'04 Debenture gold 68... .1111934 J-D Chlo A Erie Ist gold 5s. 1982 M-N 123 122 121ial22i2 1-2 Jan '05 Guar ref gold 4s. .. .""1 1949 M S Jeflf RR 1st gug58....al909 A.0 105 105 105 105 105 Bklj-n A Mont Ist g 6s. .1911 M-S Long Dock consol s 68 1935 A-O 13434 13512 Jan '05 13434 135I2 l8t5s Coal & HR 1st cur gu Us 192" M-N 1911 M-S I2611; 113 1151a J'ly'(M N V B A M B 1 s't con Dock A Imp 1st ciirtks. I9i5 J-J 112 1 935 A-O l]3iiN(.v'03 N \ A R B Ist g58 g sV 1927 A Y A Gieeu L gu k 5s. 1940 IVl-N 117 -M-S 117 Jan '05 117 117 AorSliB Istcon ggu5sol932 Q-J Sus A l8t ret oh. 1937 J-J 1141,. 1 1 5 la Jan '05 1141411612 Louisiana A Ark Ist g 58.1927 -MS 2d gold 4'ij8 1937 106 104 Dec '04 Louisv A Nashv gen g 68.1930 J-D General gold 68... 1940 F-A 109 111 Jan '05 no's 111 i^oWos Tennlual Isl gold 5s. ..1943 M-N 1937 M-N 117iaJan'05 117iail7i2 XJnitied gold 48 Regis ^55,000 each. ..1943 M-N 1171a. 1940 J-J Registered Mid RBolX J Istg6s.l9l0 A-O 11034 "l940 J-J 10934 Dec'04 Coll trust gold 5s Wilk A Ea 1st gug 58.1942 J-D 110%. 1931 M-N lOy'gJan'Oo 109^8 109^8 5-20-yr col tr deed g 48.1923 A-O Erie A Pitts See Peuu Oo L H A Nash 1st g 68 1919 J-D NY Hig/^ Ry W 112 129-^ Dec'04 130 A-O II514 A-O 114 J.J J-J See Registered 1999 J-J Col A H V 1st ext g 48. .1948 A-O Houst E A Tex See So Pac W J-D J-D J-D Georgia Pacific Hock Val l8tcon8olg4i28.1999 J-J 110 Jan '05 12s ig Dec '04 llO'* las'* 129 129'8 109 Deo '04 Improvement gold6s.„1928 J-D 108 "4 109*8 109 la Jan '06 Bio Gr West let g 48 99I4 99 99 1939 J.J 99 Consol and col trust 48 1949 A-O 90 93 981a 93 Utah Cent Ist gu g48 ol917 A-O 95 97 Jan '02 Rio Gr So gu See Rio Gr bo Dee Mol A Ft D See C R A 1 P Dee M A Minn See Ch A N Dee Mol Un Ry Ist g58..1917 M-N 104 110 Sep "04 Det W A Tol See L S A M So Det A Mack let lien g 4a.l995 Gold 48 1995 Det Sou 1st g 4s 1951 Ohio Sou Divlet g48...1941 DnI A Iron Range 1st 58.. 1937 Registered 1937 ^2d 6s 1916 Dul 80 Shore A A.U g 58.. 1937 Low , 00-. <fe J-D J-D J-D W W GTay's Pt Term Se£ St L S Gt Nor— CBAQcolltr48l921 J-J Registered./i 1921 Q-J nioT inl^ lOO-'e loa Greenbrier Ry See Ches A O Gulf ASILstref Atg5s 61952 J-J Han A St Jo See C B A Q 00, W M-S M-N . iVo Ev A Ind Istcon gug68..1926 J-J 114 Fl^argo A So See Ch M A St P Unt A Pere M See Pere Mar FlaCAPenin Se«SeaAirLine KortSt U DCol8tg4ia8.1941 J-J 105 Mar'98 Ft A DenC Ist g 6s.. ..1921 J-D llliaSaJo 111 112 Ft A RioGr 1st g 4s. ..1928 J-J 86 86 861a al Har ASA See So Pac Co / 'TalH A HoflS82 Ist 58.1913 A-O 105 14. 1041a Jan 'O; G eorgia A Ala See Sea A Line Ga Car A Nor See Sea A Line W 104 101 Col Conn A Term fiee N <fe Conn <fc Pas Rivs let g 48.1943 A-O Dak & Gt So 6'ee C M & St P I . V G A Nor See 80 Pac Co A Oswegat See N Y Cent Grand Rap A Ind See Penn RR W W Del Morris <Sj Essex lst78...1914 iBtconsol guar 78 1915 Registered 1915 Istref gu g 3»28 2000 High NoT'04 Oct '04 123 106 112 104 114 , ila 104 104 104 99 7g 100 riy '04 193& J-J Cin & M Div Ist g 48.1991 J-J 98 Sj Sale 98>a 98 >2 St L Dlv Ist ool tr g 48.. 1990 -M-N 103 •» 103 102 Jan "05 Eegiatered 100 Oct '04 1990 M-N GO 8pr & Col Div 1st g 4s. .1940 M-S 102 Dec '02 Val Div l8tg4s... 1940 J-J looigibiis 94V2Aug'03 CI St L& C cousol 68.. 1920 M-N 105% 106 Jan '04 l8tgold48 *1936 Q-f 101^ 100 NoT'04 Registered fcl93G Q-F Ctn S<ft CI con Ist g 5a.. 1928 J-J iVs" '".W 112 Jan '05 CC C& IconsolTs 123 Dec'04 1914 J-D 123 Consol sink land 78 1914 J-D General consolgold6s.l934 J-J isa^j 130 Sep '04 Registered 1934 J J '"". Ind Bl & Ist pref 4s. 1940 A- O "99"i ioii^NoT'oi O Ind & 1st pf 58...(a93S Q.J 99 "^ Peo<fe East Ist con 48... 1940 A-O 9979 Sale "991^ "i 06 32 77 1« bale Income 4s 1990 Apr 75 77 h 225 CI Lor & Wli con Ist g 5s. 193 A-O 116 112'uFeb'04 Clev & JI arietta See Penn BK Cler & JIahon Val g 58.. .1938 J-J 118 llCVjJan'Oo OleT & Pitts See Penn Co 74J4 Col Midland Ist g 4s 1947 74 "a Sale 76 51 Colorado* Sou 1st g 4s... 1929 83 Saie 90 "4 9ih li)l Colum <fe Greenv 8c^ So liy Col & Hock Val See Hock Va & Waco See M K T Lack & Western 7s... 190 Ask Low 123 107 107 la. 106 114 January Gonv Oairo Div 1st gold 48 alias Since *3< < 104 Hj Deo '03 113 Oct '00 113>4J'ly'04 99 99 <4 loOS, Bid H Mange Range or Last Sale . 129^4 Mar'04 124 14 Dec '04 90 Hi 97 16 94 9512 267 113 Dec'04 100 116 98 ,0., 100, 13412 13378 134^2 I34I2 93 Dec '03 A T let cone 68.1921 J-J Ist general gold 58 1942 A-O Mt Vernon Ist gold 68.. 1923 A-O Soil Co Branch Ist g ds.l930 A-O Evans Week's f^ldav Feb 3 ^ti: High No Low High <fe Cons 68 reduced Price stock exchange Week Ending Feb 3 Since SaU Last BONDS Sange Weetc's fViday Feb 3 N. T. 589 106 la 10734 108 125 125 108 109 10714108% lOOia 100% 111 US lUVill* Due Auk oDueOct jDaeDec /Optton 590 Bond Record— Continued— Page 8 BONDS jr. STOCK EXCHANGE Week E.voi.no Feb 3 Y. oulsT I^ 1, Ciii & iroldii^s... 1931 1st gold 68. ...1930 Lex NO M 2(1 KOld 1930 Pensacola Div Kold68...1920 1921 St L, Div l8t gold 6s 1980 2d gold 3.S <$.- 6s Price Week's Friday Feb 3 Range or Bid i^sishv— (Continued) &M O >; <fe 2-s M-N Last Aek 108*4 13034 J-J J-J 123 14 128 M-S 11534.... M-S 121 .... M-S Hender BdRelststgOs-lOSl M-S 10834 Kentuck:^ Cent gold 4s. .1987 L&N <fe M <fe M 1st g4i2S 194a L <fe N-South joint 48.1952 N Fla & S 1st frn g 58. ..1937 Pens & Atl Ist gu g 68.. 1921 S <fc N Ala con gn g 58..1936 Sink fund gold 68 1910 L&Jett Edge Co sng 48. .1945 M M-S 110 J-J ' FA A-0 M-S ManSW Mex North let See Mich Cent Mid of N J 96*2 114*2 114*2 115 Jan '04 116*2 Jan '05 110 Mar'03 03% Oct .... 98*2 99*2 2 110 110 17 96 96*2 114*2115*4 Dec '04 107 107 107*4 74 75 74*2 74 J-J Sale 106*8 107*4 FA 96=8 97 98 49 90% J'ly '01 M»y'00 106 N T Cent See Erie & MU & North Minn & St L M& St P See Ch Ist gold 78. .1927 gold 78 1909 Ist lo-n-aEx Pacific Ex 1st gold 6s. ..1921 South West Ex 1st g 78.1910 1934 Ist consol goldSs 1st and refund gold 4s. .1949 Minn St <fe L pu B CE&N See J-D 140 .... J-D 111%.... A-O 118 124 J-D 113"4.... 117 97 J4 M-N M-S 99 101 MStP<feSSMconf:4int{rn'38 J-J M & P 1st 5s stpd4s int g« 1936 J-J M S S M & A 1st g 4 int gu 1926 J-J 2d gold 48 let ext gold 68 St L Div ffl990 F-A A-O 107*2 106 107 10834 109 106 93 110 luy 109 107 106*2 Tex&Oklalstgug53...1U43 M-S M-N M-N M-S M-S 106*2 124^4 124*2 109*2 Sale 109 FA FA 107 "s 110*2 107*2 H4*s 116% Dec '04 98 May'Ol 104 1183^ 118*4 118*4 10934 Oct '03 96*2 9534 97*4 9734 1938 M-S FA 1st g 5s. .1947 Cairo coU g 48..el930 Q-F 1931 J-J Guaranteed g48 & O coll 4s See Southern Mohawk & Mai See Y C & H Monongahela Rlv See B & O & Mont Cent See St P Morgan's La & T See S P Co Nov'04 96 127*2 12734 121 Apr "04 98 92 101 89 "2 94 9534 9634 98 J'ly '04 NoT'04 Nasli Flor <& shot See L&N New & Sec Cin Bdge 121 J-J 121*2 Jan '05 110*8 116 116*8117 110 A-O J-J J-J J-J 115«% 114*4 119 Jan '05 113*2J'ne'04 113 J'ly '04 101*4.... 104 81 ^e 82 ** 17 120% 121*2 116% 116% 119 119 Dec*04 81% 817, 10 81*4 82*2 N Y Cent PennCo See NO&N E prior lien g 6s J91915 A-O N y Bkln & Man Bcli See L NY Centife H Rivg 3>28.1997 112%. I Registered 1997 Debenture g 4s.... 1890-1905 1890-1905 1905 1905 Lake Sliore coll g 3*28... 1998 Registered 1998 Mich Cent coUg3'28.... 1998 liejri.slered 1998 Beech Creek Isl gu g 48. 193U Registered 1930 2d gu gold 6s 1936 Beech Cr Ext Ist g 3 ".^s i;1951 Cart& Ad 1st gu k 4s... 1981 Clearf Hit Coal Ist s 1 4s. 1940 Gouv&08welstgUK5a 1942 105 105 101 126i«. 110 II 119 119% .04%105 105 Mar'04 I31»4 Apr'03 . 101% Nov'04 106 Sale 105% 106 106*2 103 12 Jan '05 20 105 106 103*2103*9 A-O .T-J J-D J-J M-N W W Q-J Q-J Q-F Q-F J-D JD F-A Registered certitic's..l923 Q-F St Paul cfe Dul Ist 5s.. ..1931 F-A 2d 68 1917 A-O Ist consol gold 4s 1968 J-D Dec '04 Jan '05 Dec '04 132*2 Dec '04 111*4 110 13314134 131 132% 10334 Sale ibo" "'".'. 90*2 97 198% 102 133 132 133*2 133*2 Si 103*4 104 9934 J'ne'i)4 44 100 9-^*4 96*2 112 103*4 103 105% Sale 105% 97 95 9634 7634 124 119 101 103 102 106 10434 106 104*4 105*4 7614 78 76*4 76 Jan '05 Dec '04 . 126% Jan '05 . 132 111*3. 106 126% 126% J'ly '99 112*4 J'ly '0.^ Nov'04 96*2Aug'04 94 Aug'04 116 116 107 . 99 93 lid 7634 9834 98*4 9634 103 105*2 104*4 Jan '05 7634 Sale 7634 78 100 104 Aug' 04 104 . . . W NewH&D SeeHYHH&H N J June HR 115*2 Sep '04 116 lib's 118*4 118% NYC 1951 A-O 4.S 124 106*4 J'ne'04 106*2 No v'OO Oswego cfe Rome See O C F <fe St P 5ee C cfe N Pac Coast Co Ist g 5s....l946 J-D 113*2. Natof Mex prior Uen 4*28.1926 J-J Ist consol 124 Ore cfe Cal -See So Pac (>) Ore RR cfe Nav See Un Pac Ore Short Line See Un Pac M W& TAP 124 J'ly '04 W 98 116% Jan '05 9134 Registered 1111.2 N Morris* Essex S««DelL<fiiW St L 1st 78.1913 Nash Chat <fegold 5s 1928 1st consol Jasper Branch 1st g 68. .1923 Allst68..1917 McM M Branch Ist 6s.... 1917 106% 124 121 Wash Cent 1st g4s 1948 Q-M Nor Pac Ter Co Ist g 68. .1933 J-J Nor Ry Cal See So Pac 126*212734 Nor Wis iSe« C St P M <fe O Nor & Mont See N Y Cent cfe &ee G C C cfe St L 98 98 Olnd 118*4 hio River RR Ist g 68.1936 J-D 117 118*, 115% 116% General gold 5s 1937 A-O 112l2ll4*2 111 Nov'04 111*2 Mar'04 121 97 *a 99 113*2 let extension gold 6s..A1927 Q-J M 109% Apr '04 Sale 121*4 -S'ee — 109% 95*2 Sale 9734 Sale 102*2 W M '05 98 100 104 9634 Eiv<feGDiT]stg4s..l933 M-N V I & 1st g 5s. 1926 M-S Mob<& Birm prior hen g 5s 1945 J-J 113 92*2 1945 J-J Mortgage gold 4s MobJ&K Cist cons g 58. 1963 J-J 127^8 Mob & Ohio new gold 68.. 1927 J-D L& Sale 96 ' St 117 124 119% Sale 119*2 119% 105% 11334 Jan '02 *108% 105 106 104*4 Apr '04 17% "-J 106% Jan 102 102*4 . Montgom Div Jan '03 R W&Oconl8text53.7il922 A-O Oswe & R 2d gu g 5s...el915 F-A 96 98 RW<feOTRl8tgus 58.1918 M-N Utica A BlkRivgug4s.l922 J-J N Y Chic & St L Ist g 4s. 1937 A-O Registered 1937 A-O N y & Greenw Lake See Erie N Y Har N Y C & Hud N Y Lack & W See D L & W N Y L E & W iSee Erie N Y & Long Br See Cent of N J NY&NE SeeNYNH&H 111 111% New York New Hav Hartr— Housatonic R con g 6s.. 1937 M-N N H & Derby con g 5s. .1918 M-N 117% 11734 N Y & N E Ist 7s 1905 J-J 97*2 98% N Y North See N Y C & H N YO& Wref I8tg48..ffl992 M-S 99 99 Regis $5,000 only (71992 M-S N Y & Put See N Y C & H N Y <& R B See Long Island NYS&W Erie 100% 101*4 N Y Tex & M See So Pac Co 80*4 87*2 Nor & South Ist gos 1941 M-N 10334 107 Norf & West gen g 6s 1931 M-N Improvem't & ext g 6s. .1934 F-A 87 87 New River 1st g 6s 1932 A-O N & W Ry 1st con g 48.1996 A O 94% 95 76*4 75 23*8 25 =H 1996 104% 107 Div'll8tl&geng4s...l944 Pocah C& C joint 48. .1941 106*4 109*2 CC(feTlstgug5s 1922 1 04*2! 04 Scio V <fe N E 1st gu g 48 1989 105*2 106% North Illinois See Chi & N 123 125*4 North Ohio See L Erie & 108 109% Nor Pa(j Prior lien g 4s. .1997 Registered 1997 107*2 110*2 General Hen goldSs a2047 97*2 98 Registered a2047 St Paul-Dul Div g 4s 1 996 104 104 Registered 1996 C B cfe Q coU tr 4s See Gt Nor St PcfeN P gen g6s 11534 118*4 1923 Nov'04 104 *a Jan '05 IW\ F-A 2d extended gold 5s. ..1938 J-J St li Ir M& Sgen con g 5sl931 A-O Gen con stamp gtdg 5s 1931 A-O Unified & ref gold 4s. .1929 J-J General gold 48 Nov'03 121 139 111*3 N Y & Harlem g 3*2S...2000 M-N Registered 2000 M-N N Y& Nortli 1st g 5s. ..1927 AO 73% 77 111 106 124 J-J 101 ni»8 107 88*8 fa Verdi 100% 86 873s 106*2 10634 87 Jan '05 105*4 Doc '04 9438 Jan '05 Ill's 111*2 1U6 & Wa 1st gu g 58... 1940 M-N KanC& Pac 1st g 4s. ..1990 FA MoK & E 1st gug OS. ..1942 AO 1942 M-N M K & Ok Ist gu 58 M K & T of T 1st gu g 6s. 1942 M-S Sher Sh & So 1st gu 5s. 1943 J-D Leroy &CVAListg5sl920 Pac R of Mo 1st ex g 4s. 1938 '05 Nov'Ol 103 103 108% 109 99 ^i 100*4 96*4 May'04 71 101 105% ibo"' Sep ''03 16 103 '05 100 <fe . . Jan .S'ee Dal 1906 Missouri Pacific i;d7s 1920 Ist consol gold 6s Trust gold 5s stamped. al917 ol917 Registered 1920 Ist coll gold5s Cent Br Ry 1st gu g 4s. 1919 Jan 99 Oct '02 105 103 102% Mich Cent <fe Jan '02 .... 11734 Jan '06 9914 98^8 Jan '05 121 10034 101 85 "4 Said 1944 M-N 1st ret g 4s.. ..2001 1115. 111% 120*2 Feb '04 . 99^8 Minn Un See St P M &M Mo Kan & Tex 1st g 48. ..1990 J-D Dec '03 142 High No Low High 107*2 J'ly'OO 131*2 128 <fc SeeCiac&NW MUL8&W Mad See Chic & N W Atk Low 105 98 lstg3'28 1952 M-N Bat C cfe Stur 1st gng 38. 1989 J-D 45 Jan '05 A-O January t Pitts 2d £niar6s 1st consol 68.1909 5s 1931 Registered 1931 Q-M 48 1940 J-J Registered 1940 J-J J L <fe S 1st g 3*29 1951 M-S 105% 106% 23*8 2378 214 16 Jau'Oo "2334 Sale \b'^ j'fy J'ly SiTxce Last Sale 124 119 C'l RR Ist 5s.. 1934 McK & Y 1st gu 68.1932 1934 McKees & B V 1st g 6s 1918 Mahon J-D M-S M-S gold 68. ...1910 J-D Mil KaAAGRlstgnc5s.l93S 116*2116*2 106T8 10634 106 105 Treefc'a Range or 108*2 108-'4 21 108*4 109 108*2 108 Registered IO834 34 107%10R34 2361 J-J * 101*4 Sale Lake Shore gold 3*2S....1997 J-D 101 101*1 4U 100*410114 Registered 100% 109% 15u 100% 100% 1997 J-D 100 W; 74 101% 103 102% Sale 1023e 103 Debenture g 4s 1928 10134 Det Mon <fe Tol Ist 7s. 1906 114 Feb'02 '04 103 A-O J-J 110 110 cfe Range Price Priday Feb 3 Bid Mai 1st gu K 4s.. 1991 M-S NJ June R sm 1st 4s.. .1936 FA NY&Pulstcongug48 1993 A-O Nor & Mont 1st gu g 58-1916 A-O West Shore Ist 48 gu... 2361 J-J Nov'99 96 "2 96*2 99 L N A & Ch SeeCI&'L Mahon Coal SeeLS&M.S anlmttan Ey consols. 1990 A-0 1990 Registered Metropol El Ist g 6s.. ..1908 Coloniz g 5s. ...1934 McK'pt & B V See N Y Cent MetropoUtan El See Man Ry Mex Cent consol gold 4s. .1911 1939 Coupons oflf let consol income g 3s.al939 2d consol income g 33..al917 1919 Equip & collgoldSs CoU tr K 412S 1st Ser....l907 48.1977 con Hex Intemat l8t g 1977 Stamped gtiaranteed 96 Moh 130*2 13012 J'ne'02 99*8 Jan '05 Bale N. Y. Apr '04 122 75 113 11334..., 112Vj.... 11334 .... 10734.... F-A F-A STOCK EXCHANGE Sale January 1 Week E.n-ding Feb 3 High No Low High N Y Cent & H B^C Continued) L010 106«8 Nov'04 130*2 Jan 'O.T 124*8 Nov'04 11638 Mar'02 9934 J-J BOND.s Kaui/e Since 5.* Vol. lxxx. y 100 Sale 100 100 99*2 lOO^B 99 101 100^8 9 1*4 Sale Registered ' '0 J 99*8 100 Dec '02 May'04 99*2Nov'02 903* 92 '2 117 90 90 5 9934 , 88*4 89*4 107 Jan 99% 10034 100*8 Dec'iM RcKistcred Debt coite ext g 48 100*2 145 89»4 9 1 *2 91 Jan '03 106*2 1071-2 102 Mar'04 103 104*8 9934 47 93 90 9934 8934 91*2 35 106*2 10712 ac of Missouri See Mo Pac Panama Ist s fund g4*as..l917 Sink fund subsidy g 6s. .1910 Penn Co— Guar 1st g 4 128.1921 Registered 1921 Guar 3 *28 coll trust reg.1937 Guar 3*28 coll tr ser B...1941 Tr Co certif's gu g 3'->8.1916 C St L cfe P Ist con g 58.1932 Registered 1932 CI cfe Pgen gug4*2sser A.'42 Series B 1942 Series C 3*2S 1948 D 3*28 Series 1950 Erie cfe Pitts gug 3*28 B.1940 Series C 1940 N cfe C Bdge gen gu g 4 *28 1945 P C C cfe St L gTi 4*28 A. .. 1940 Series B guar 1942 Series C guar 1942 series D 48 guar 1945 Series E 3*2 guar g 1949 Pilts Ft cfe C Ist 78.. .1912 2d78 1912 3d 7h /iI9I2 W Penn 110 ' 91*2 9834 91 95 Apr '02 104 102 J-J 106 106 M-S 9214 9434 102 Nov'98 92*4 92*4 Dec '03 97*4 97% 97% 11812 lis Oct '04 m"-n 109 111 '05 Apr '02 Jan '05 Jan '05 Jan 113*4 113% 104 104 111 111 106 106 97% 97% A-O A-O 115 J-J 115 103*4 Aug'03 A-O 116 96 M-N 94 F-A 96 Jan '04 A-O A-O M-N M-N 94*2 102 Nov'OO 94*2 9334 Apr '04 I0514 114 II412 1 14% Jan '05 11334 11334 Jan '05 11314 IIO Aug'04 10334 104 -2 Oct '04 F-A J-J J-J 116%. 116%. J-J J-J J-J 94 93% 114*8114% 11334 11334 93% 10 93% 93% 127% Oct 121 119 A-O RR Ist real est g4s.l923 M-N Consol sterling g 68 1905 Con currency 68 reg...f/1905 Consol gold 5a 1919 Consol gold 48 1943 Convertible g 3*28 1912 I13»4 Jan'05 A-O 104 M-N 103 108 J-J 111% '02 Mar'(l4 Apr'04 107*aMar*04 105 J-J y-M M-S 115 111 *a Sop '04 M-N 106*2 106 Aug'03 M-N 104*4 Sale 103% 104*4 189 103 104*4 MlSCELcI.ANEOUS BONDS— (Jontiniied on Next Pane Coal and Iron OolCift I DevCo f-Ti gos. 1909 J-J Ool Fuel Co gen gold 68... 1919 M-N Col F cfe 1 Co gen H g 5s.. 1943 FA Convertible deb g 58 1911 FA 1 Trust Coctfs Contin'talC IsikI £rn5Hg.l952 Gr Riv Coal cfe C l.st g 6s..I9I9 JefitcfcCleiirCcfc 1 Ist g 68.1926 2d gold .-.s 1926 Kan cfe F-A A-O Nov'OO 106 107*2 Oct '04 101*2 104 Jan '06 10334 104 "90" 85 86 85 6 85 "si" Bale 85 87 197 84 87 107% Dec'1'4 110*2 J-D J-D HCck Cl8t8fK68.1951 JJ Pleas Val Coal Ist ga 1 68.1928 J-J J-J Tenn Coal gen 58 1951 Tenn Div Ist g 68 ol917 Birm Div Ist consol 6*1.. I9I7 Cah C M Co Ist gu g 68.1922 A-O J-J J-D DcBarCcfe I Co gu g 68.1910 F-A Vlron Coal cfe o 1st g 6s. 1949 MS WhaLEcfc PCCl8tg5s.l919 *No j>rice Friday; latest bid 02 12 J'ly '04 107 Moy'97 102*2 Oct '03 1 106% Fob '02 105 98 110 109 97 102 08*2 97*2 20 Jan '05 ill" 112% Dec '04 102 Dec '03 10534 Dec "04 J-J 02*8 82 this week, 0234 93*2 97*-i 110*2111 111 02*2 "92"% and asked Oct '00 97% 1 Am Am Am Am 29 86», Due Jan Bar 6 Duo Keb M-N M-N J-J M-N M-N 1914 A-O « I9.">1 cfe Duo 8 Car Co Ist g .vlay 68. frDuu.j'ue . . /i 1 11(|3< 10.ll, 1 1 F-A J'ly Dec '04 .... 105i4J'ly'03 .Sillc 111 11 Sale 105% 100 107 103 10734 1 Si 5 I1(»%111% 88 104 V 106 J'ne'04 J'ly '04 ino*4lol'.i IOOI4 Jan'OB "^i9912 9912 99 08 96 96*2 98 98 100 100*4 8 90 190% 2 95 97 88% 2 HH*4 •'^9 8!»i.i 7) 88% 113% »>-8 73% 116 1867 110*4116 2327 71 76 76 t\j 105 Jan '00 Due Not * Option sale. 116 Sale 74 14 Sale 942 J-J Due 1 106 J'ne'04 Oct '99 10934 J'ue'04 J-J MS 4s 0314 94 92 109 J-J .VInnuinctui'ins; <)c Indutttrial Cot Oil ext 4*28 1915 Q-F Hide cfe L Isi a I g 6s..I919 M-S Spirits Mfg 1st g68.. 1915 Thread 1st col tr 48.. .1919 J-J Am Tobacco 40-yr g68 Jpji '00 a TelesTraph and Telephone Telep cfe Tel coll tr 4s 1929 Comra Cable (;o Ist g 48.. 2397 Erie T cfe T col tr g s f 58.. 1926 1918 Met T cfe T l8ls g5.s N Y cfe N J Tel gen g 5s. .1020 col tr cur 5s. 1938 West Union Fd and real est g 4 *2S... 1950 MulUnTel s fund 6s. ..1911 Northw Telguf 4*38 g.. 1934 Am I "4 I — Feb. Bond Record 4. 1905.] BOXI>f5 N. T. STOCK EXCHANGB y^KKK ENDING FEB 3 San<S5 l^ewia 1st g 4s. ..1936 <& Can gen 4s. 1944 J N asli Pensacola & Atl See L Peo cfe East See C C C <& St L ..1921 68.. ,^eo & Pek Un 1st g u N BR 1920 1939 Isicoiisol gold 58 Pt Huron Div Ist g 5s. 1939 W N & & & Consol g 6s int guar. ..1912 Gen gold 4s int guar.. 1921 div Ist g 6s '30 Waco & Morgan's La & T 1st 7s.l918 1920 1st gold 6s No of Cal 1st gu g 6s.. ..1907 1938 Guaranteed gold 6s Ore & Cal 1st guar g 58.1927 43.1943 1st gu A Pass S A <fc g So P of Ar gu 1st g 63.. .C1909 cl910 1st guar g 6s 1905 S P of Cal Ist g 6s 110 NW 1101* Sep '04 12214.... 12s is Jan '05 12Si8l23i8 J'ly'04 121S8124 113 .... 122 Apr'02 Jan 06 112 Jan 1123< .... 112>4 0ct '04 117^8 119i4Apr'04 137 Nov'97 122 112 '06 1905 Ist g 68 series B 1st gOs series C& D...1906 1st g 6s series Ef& F...1912 1912 Ist gold 6s 1937 1st con guar g 5s 1905-.. 1937 Stamped 122 112 Rome Wat <& .„. ._. Tex&NO Ist 7s 82 B K&P Og See N Y Cent Registered 11712 Jan '05 98 J'ly'97 Mem 117 12 117 12 Sale llli2J'ly'04 75 Jan '05 89 Jan '06 94 94 75 75 89 89 15 93 94 W L & Iron Mount See M P L K C N See Wabash See T RR A of St L L, M Br St L & S JTan 2d g Gs CI B 190C 1906 2d gold 6s Class C 104 AG J-J J-J A-O J-J J-J J-J J-J A-O A-O A-O AO A-O M-N M-N FA M-S J-J J-J J-J J-J J-J J-J J-J J-J A-O J-J J-J M-N NI-S J-J J-J J-J 99 12 92 Sale W 104 10438 ysSgNov'Ol 83I4 9 Jig 126^2 128 "-i I26I4 Jan'(J6 I26I4 b9a4 111 Sale 91 250 b8\ 102 '2 12'3i4 98I4 9912 99 b Sale 86 Sale 82 Hi Sale 91 96 il2is 697 Lee '04 (Vl-S M-S M-N M-N F-A J-J 9812 84 82 -4 i^erAot St L 1st g 4128.-1939 A-O 1st con gold 5S....18941944 F-A Gen refund s f g 48 1953 J-J St L M Bge Tor gu g 63.1930 A-O Tex & N O See So Pac Co Tex&PacEDivlstg6s..l905 M-S 9912 90 53 85 83 284 2d gold inc 6s W W General gold 68 85 8OI2 83 1935 J-D M Ist gu g 43. ...1990 Kan & P & W Ist gold 43. ...1917 TolStL& WprUeng3i2S.1925 Tol 110-'» 11134 llOV; 134^2 Reduced to gold 4'28..1933 112 Jan'05 140 May'02 113H 112 II214 112 11214 IIII4. 10334 11238 Jan '05 11238 11238 103 12 103 •-s 106 May'Ul 103 Hi 104 104 ig. '04 . Mmn 1937 Registered. 1937 let guar gold 6s 1937 Wlll&SF 1st gold 5s.. 1938 St P & Nor Pac See Nor Pac StP S'x City See C St P M &0 Salt Lake C 1st g s 1 6s.. .1913 Oct 11712. 11912. Apr'02 Jan '03 13434 Dec'04 116^4 Sep '04 117 Jau'04 llOie. 110 Jan 1021a. 11334 Dec '01 122^4 1361a Monte Istgugga 102''8 128 135 . 135 135 Seaboard Air Line g 4s ...1950 CoUtr refund g 68 1911 /Car Cent 1st con g 48. ..1949 •FlaCen<fc Pen 1st g 58.1918 let land gr ext g 58... 1930 Consol gold 53 1943 Ga& Ala Rylsi con 5s 01945 GaCar<fc No Istgugos 1929 Seab& Roal8t5s 1926 Sher Shr & So See K&T Sil Sip Oca & G See Atl Coast L Sod Bay & So 1st g 5s 1924 J.J Bo Car & Ga See Southern So Pac Co— CoU tr g4'2S..1905 Gold 4s (Cent Pac coll), fcl 949 Registered fcl949 A •& N Ist gu g 5s 1941 Cent Pac 1st ref gu g 4s 1949 Registered 1949 Mort guar gold 3i2S..fcl929 GalHar & S A 1st g 6s. .1910 2d gold 7s 1905 Mex& Pacl3tg58 1931 GUa V G & N 1st gu g68.1924 Hous E & T 1st g 5s. 1933 Ist guar 5s red 1933 88 lot 89 105 97 105 12 Sgio 104 !« 98 109 '04 89 81 Jan '05 Nov'04 109 M 109 10434 J 'ly '04 1131, Sale 110^4 IIOS4 113 II314 110 Jan '05 llli4May'03 102 102 lOlSfl IOII4 8434 89 12 10314 1041)4 109 109 96 14 Sale W 109 101 "2 "2 Sale Sale 96 14 S'G^ft 94i2Aug'04 lOiiha 101 14 15 109 12 113 110 110 '4 64 101 36 95 10138 97I4 101'i2 "3 ibs^giii'^ 10.J34 93 101 14 104 99i4Mar'03 88 107 99 112 88^ 88'8 BS^g 110''gJan'(>6 10238 103 Sep '04 II312 112 la Dec '04 107'4 .... 110 Dec'()4 105 lo.... 1051a Jan '05 W RR <fc I 1952 A-O g43 gr g 4s ...1947 J-J Registered 1st lien convert 4s 1947 1911 Registwed 1911 Ore Ry <fe Nav con g 48.1946 Ore Short Line IstgOs.. 1922 Ist consol g5s 1946 4s & particii^atmg 1927 Guar refund 48 1929 Utali <fc Nor 1st 78 1908 Gold 58 1926 Wabash 1st gold 58 1939 2d gold 6s 1939 Debenture series 1939 Series B 1939 lien 1st equip s fd g 5s.. 1921 Det & Ch Ext 1st g 5s. .1941 Des Moin Div Ist g 4s. .1939 Om Div 1st g 312S 1941 T0I& ChDiv 1st g 4s.. .1941 St Chas Bridge 1st g 68.1908 Warren See Del Lac & West Wash Cent See Nor Pac Wash O See Southern West Maryland 1st g 48.. .1952 VVostiS id; Jr-a 1st g 5s.. 1937 Gen gold 3-4s 1943 Income 5s rfl943 West No Car See South Ry Va Cent & V 1st g 6s. .1911 Wheel'g L E Isl g 58. ..1926 Wheel Div Ist gold 5s. .1928 Extend; Imp gold 5s. ..1930 20-year equip s f 5s 1922 1st consol 4s 1949 A & Jan '03 1013fe Ist refund Pac J-J M-N M-N J-D F-A J-J FA J-D J-J J-J UH High No Low Hig) IIII2 9 110=8 lUV 9512 97'* 9714 Feb '02 127 12 I2912 Nov'04 1291a. 117 . IO314. II6I2 10114 Dec'04 Sep '04 Jan '01 Nov'04 122 100 113 102 91 901a 91 88 106 Jan '05 10938 Jan '05 1071a 109 106 100 la lOO^'b lOlia 104^2 102 IOSI4 11934 Sale Jan 103 11912 116 " 6 9OI2 981a 5 9 "96 '4 '"a May'04 118 1161* Dec'04 Sale 122 122 11334 II4I2 Jan '05 123=8 123 12 Jan 05 12 3 '8 12338 Jan '05 115''8 11612 11534 Jan '05 122 14 121 le 122 11412114'% 1 112 -8 Jan '05 87^2 J'iy '04 109^4 Sale 109^4 Hi May'04 11538. iiev^ Dec '03 Jan '05 130 117 J'ly'OO 100 Nov'04 no May'04 Jan '05 93 12. . 9734. . 122 '2. 9912 . 112-'4 . -'3 "a 112 112«8 10 i08'"i09i4 Feb '02 123 110 93 '^314! 12314 12339 11534 11534 11134 110 Dec'04 11434 114 Jan '05 11618 1163^ 115'8 Jan '05 119 "ys'ia 98 90 "a Dec'04 114»8 113^4 IO914 "9"u""s "11 96I2 Jan '05 9634 108 '04 98^4 9 8 "2 11812 Nov'04 "2 10812 1081a 108 I2OI4 113 11712120 \i no Feb'04 9812 971a 98 - 98 116 12 118 117i4Doc'04 Sale 91 Hi 108 Is 1091s 1093b Oct '04 Oct '0 104i2Dec'Ol 114 113 Oct '04 II4I2 Dec'04 114 II5I8 119 Feb'04 108 -2 lOSiaJan'O: 109l4ll0'2 108 Jau'05 10138 103 Oct '04 IIOI2 109 Sep '04 9i!'2 January A Dec'04 9714 I Since a; (2 114 114 list's 1157, 1151411514 ,22 122 98^4 IOOI4 100 14 IOOI4 11218 J'ly'04 i01i2Dec'04 1203, 9612 vzix^ I'.^0i4l21'a 100 109 la Aug' 04 106'2Not'04 114 12 Jan '05 111 May'04 107 Sep '1)4 10818 9712 9634 9234 96I4 963* 91 89 94 84 8312 '05 '05 90 83 19 97 9514 Sep '04 103 97^8 Sale , 95 9514 1057* 104 123 4 12;i2 35 11636 121>a '06 103 Jan 10234 1031a 124 '2 127 12 "i 124 12 127 118 ilS^i 25 IMH 118»4 IO4I4 IO4I4 4 104 10414 97 'b 98 1278 9718 98 112 Dec '03 114 la Apr '02 103^2 I06I4 104 122^4 Sale II918 121 Sale 120 I24I2 .. . 11834 Sale Sz 9034 84^4 Dec'04 9514 Jan '05 105i« 105^8 152 i 05 '8 Sale 109 103 114'2114'a 9036 Jan Jan 91 12 9038 Sale 84 Sale IIII4IUI2 111 100 95 14 104;'4 104 3 103 i-i I2318 5784 112^8 W 10212 ' Un Uni N J RR & C Co See Pa RR Utah Central See Rio Gr Wes Utah & North See Un Pacific Utica & Black R See N Y Cent Val Ind cfe 6ee Mo P Ver irginla Mid See South Ry Va <fe South w't 1st gu 58.2003 J-J «fc J.J J-J J-J Tor IKJisApr'Ol Registered. 1933 Dakota ext gold 6s 1910 Mont ext Ist gold 4s 1937 Registered 1937 Minn Ist div Ist £ g 5s.. 1908 Nor Div Ist gold 48.. ..1948 Union 1st g 6s 1922 A-O 50-year gold 4s 1950 A-O Ham & Butt 1st g 48./a946 J-D Ulster* Del 1 st con g 5s 192S J-D llOialll 134^8 Oct '04 112^2 97 14 Sale La Div B L 1st g 5s Min dj N 1st gu 5s '30 PA T0I& O C 1st g 5s 1935 J-J 114-4 Western Div 1st g 5s. ..1935 A-O 112 W 84 lllia 2000 J-D *12i'2 92000 Mar 100 Sale 1931 J.J 111 1st gold 5s 91 Ask Low 90 £ang« Last Sale 11112112 A-O 112 90 M-N M-N 109 14 M-S 114 ^2 SyraBing&NY 6«?DL<feW Dec'04 10438 Sale 10435, i()43p 128^2 133 >a I30I4 Dec'04 113i2Jan'05 113^8 y9i4Nov'(i4 99 . 10 '883^"sfc!7j, Il0l2ll0'8 H5'all5'2 lOSialoe^j 103iuJ'ly'04 ailSCKLIiANEOUSJ nianulacturing &: Industrial Consol Tobacco 50-jt g 48.1551 Registered 1951 Distil Sec Cor con V 1st g 58. '27 Distill of Amer coll tr g 5s. 1911 111 Steel Co deb 6s 1910 Non-conv deben 5s... 1913 Int Paper Co Ist con g 6s. 1918 Int St Pump 10-yr conv. 6a '13 Knicker Ice (Chic) IstgSs '28 Lackaw Steel Ist g 63 1923 Nat Starch Mfg Co ist g 63 1920 IN at Starch Co s f deb 53. .1926 Stan Rope cSr T 1st g 6s.. .1946 Income gold 68 1946 U 8 Leath Co s £ deb gGs.. 1913 "U 8 Realty <& I conv deb g 5s '24 U S Steel CorplO.60 yr58.d'6:< Registered April 19 63 W Week's Range or M-N & N Ala See L <fe N Spok FaUa <te Nor 1st g 6s. 1939 J-J Stat Isl Ry 1st gu g 4 "28.. 1943 J-1) 104% 1931 General gold 6s 1931 General gold 58 St 1.& b F RRconsg4s..'9G Southw Div 1st g 5s.. 1947 Refunding g 4s 1951 5-year gold notes 4 Hj. 1903 K C Ft S & con g 6s.. 1928 C Ft S <fe Ry ref g 4s 1936 K C<fe M Rife B 1st gu 5s. 1929 6t Louis So See Illinois Cent let g 4s bd otC8.1989 8t li S 2d g 4s inc bond ct£a...j)1989 Con80lgold4s 1932 Gray's PtTerlatgug 68 1947 Dul See Nor Pacific 8t Paul <fe 8t Paul M & Man 2d 6s. ..1909 1933 Ist consol gold 6s Registered 1933 SFePres* Plilstg58...1942 S A * A P See So Pac Co SFiSi N P 1st sink I g 58.1919 Sav F & West See Atl Coast L bcioto Val & N E See Nor<fc W A-0 S cte M M 412-63.. .1996 1951 1918 Ala Cen R 1st g 6s 1948 Atl & Danv Isl g 4s 2d 4s 1948 Atl<fe Yad 1st g guar 48. 1949 Col<feGreenvlst6s 1910 E T Va & Ga Div g 53. .1930 Con Ist gold 58 1956 1938 E Ten reor Hen g 53 Pac Ry 1st 1922 Ga g 68 Knox & Ohio Ist g 6s.. .1925 Rich & Dan con g 68 1916 Deb 08 stamped 1927 Rich cfc Meek 1st g 4s.. -194a So Car & Ga Ist g 5s. ..-1919 Virginia Mid ser C 6s. ..1916 Series D 4-5s 1921 Series E 5s 1926 General 68 1936 Guar stamped 1936 O& Ist cy gu 48.. 1924 West N 1st con g 68. .1914 lOliiNov'Ol 94 Div 1st g St Louis div 1st g 43 10334 May'04 108 A-O Mob&01uocoUtrg4s..l938 M-S See 1941 Rutland Ist con g 4128 Rut-Canad Ist gu g 4s. . .1949 Tus & H See Pero ilarq Sag t Jo & Gr Isl 1st g 4s. ..1947 StLaw<fc Adiiou 1st g 5s. 1990 1996 2d gold 63 St L & Cairo See Mob <fe Ohio 1905 1912 1943 1994 1994 Sabine Div 1st g 68 Con gold OS Southern— Ist con g 58 102 102 Og 169 10079102=8 1027g 100 Jan '05 luO 100 "82 99I2IOO £ale 991a 100 7638 J-J S PacofN Mex Ist g 6S..1911 J-J 120 Oct '01 112i2Dec'02 107 Gr June 1st gug5s...l939 1940 Eio gr So 1st gold 4s 1940 Guaranteed Pitts . Price Friday Feb 3 Bid (Continued) H & T C 1st g 5s int gu..l937 110 Oct '04 107'%D€C'04 100 11^ 100 'Bio K Southern Pac Co loaJaSale Kegietered. Jersey Cent coll Rensselaer <fc Sar See D <fc H Rich & Dan See South Ry Kich & ileck See Soutliern 5lio Gr West See Den & Kio Gr , .... .... .... 110 Higii II54II712 117i2Oct'04 1997 1997 43... 19dl g , i(;o 118 114 KeadiDg Co gen g 43 ; Jan '05 121 111 Y See Y Cen Pitta McKees Pitls Sh <fe L, E Ist g 68. ..1940 1943 1st consol gold 58 West See B O ;i>itts Ash Ist con 53.1927 IPitts Y St 8t St liOSi 110 123 >a. Cleve & Tol 6'ce B <& O & CU See Penn Co Ft 1922 June Ist gold 68 Pitts & L. Erie 2d g 58...al928 & 1U8 Low H IstETug 48.1931 See Penn BB thU B <& :Plilla& Beading cons 78.1911 iPine Creek reg guar 68.. .1932 Pitts Cin & St ti See Penn Co RocU Nov'07 BONDS STOCK EXCHANG E Week Endino Feb 3 Januarii liiah A'o 102 IOC's 101 109 106'4 .... WM58 1921 FUnt <fe P M g 63... & Ask Low 100 &1921 2Ugold4'28 'Pitts [Pitta iPitts Last Sale 591 N. Y. & PereMarq— Chife W Since 1943 Eegi8ter6d4s KagTus<fc Range 110 108 PhUaBal<feWlst6 4s..l943 , Week's Kange or 10514..-. ' ' Price Friday Feb 3 Sia ipena an,—{Continued) AUee Val gen gus 43... 1942 Clife'Slar Ist gu g 4'-28..19:?d gu 4s g.'3b D B K K & Bge 1st GrR<fe I exist gug 4 128 1941 —Concluded—Page 4 W 109 M-N 119 F-A J-J J-J Sale 108 12 111 90 M-S J-J 109^8 ... 95 68 102 110 97 . J'ly'04 70^4 1202 Jan '04 Jan '05 Nov'04 MS A-O J-J 117''all9 661a 7034 '10934* iio" 86 sS's 9712 98 1« 9OI4 931a W & 93 ifl A-O Nov •dS^i , J-J 111 A-O II414 11134 112'4 10134 103 9434 Sale J-J F-A J-J M-S 9234 11934 .Salf Sale 98 '4 94 Bale Jan '06 40 Alar'Ol 111 ?68 «5 98 '4 98 "4 111 lU II4I4II4S4 II4I4 lloi4Mav'01 114*8 102 114=8 Jan 15 '05 9434 95 92'i 94I4 148 M&M 4a. 1949 J-J 931. Dec'04 111 II4I4 WilkestfeEast i'ee Erie VVU & Sioux F See St P Wi« Cent 50-yr Ist gen BO.N' 1124 93 14 88 88 88 ^2 88 97 12 Jam '05 98 106 109 -a Mar'03 J-J A-O IO7I2IO8 I18i4ll9<a IIOI4II2V, '05 II919 110>4 7 01- Sale 105 Jan 108 119 112 's L7'3 114>4ll4% 102 95 >9 102 93 9OI2 94'« US—Concluded. i>liscellaneous 84 ii Adams Ex col tr g4s 104 1948 M-S 104 Sale 104 84 164 74 AmDk<&lmp5s 6e«CentNJ 85 14 Dec'04 10034 J'no'02 8O34 Am SS Co of Vag53 1920 M-N 80 Sale 79=8 80 il9 79 B'kl'n FerryCo 1st cons g 53 '48 F-A J-J 97»8 63 Dec'04 99 Sep '03 ChicJccfeSt Yard col g 58.1915 J-J 10734 Nov'04 J-J 95 99 Jan '99 DetM&Mldgr A-O 95 incomes..l911 A-O 78 Dec '01 92 Feb'04 78 F-A 107iall0i2 lOgiaJan'OS 109 "a 10934 Hoboken L& 1 gold 5s. ..1910 M-N J-J 104 la Sale I04I4 10412 13 10234 104 "a Mad Sq Garden 1st gSs.. 1919 -M-N Man Boh H & L gen g 48. .1940 .M-N A-O 98 Sale 98 60 Feb '02 98 3 98 98 Xewp Ne Ship <fe D D 5s t(1990 J-J A O 1071,1071a 107 108 281 104 108 H4ia N YDock 50.yr Ist g4s..l951 M-N *95 94 V2 93 92 Sale 92 92 7 91 9812 Dec'04 Provident Ix)an S004128.1921 J-J 98'2io2' 75 73 Dec'04 42I2 F-A St Joseph Stk Yds Ist 4 laa. 1930 J-J 44 Bale 78 421a 48 46 2I2 102 II4 1'4 2 Sale 5V! St L Ter Cupples Htat'n * Prop M-N lllia llllQ 112 Co Ist g 4123 5-20 year.. 1917 J-D 9 IIII2II2 112 J'ly'04 S Yuba Wat Co con g 6s.. 1923 J-J J-J 96 9312 95 la Sale 90 150 93 IKiHiJ'ly'OO M.N 94 Sale 931a 94 14 Sp Val Wat Works lat 6s. 1906 9812 9414 1567 92 92I4 84 84 M-N 94 14 94<4 D SRed& Ref lata tg6H. 1931 84 Sale 1 94 >4 Noprtce Friday; latest bid and asked. oDneJan ^DueFeto cDue Mai <iDne Apr ADuo J'ly fcDne Auk o Dae Oct » Due Nov oDue Deo F-A F-A A-O 81 Bale 80 46 10313104 W FA ' 961* 9412 MS MS 1 8339 xUnUon 84 aala CHICAGO STOCK EXCHAl^aE— Stock — 1 Eecord-Daily, Weekly and Yearly =11^: BTOCKS—SianUST AND LOWEST SALE PBICBS Monday Saturday Jan. 25 Tuesday Jan. 31 Jan. 30 Wednesday Thursday .Friday Feb.l teb.2 Feb.S STOCKS Sales CHICAGK) STOCK of the JSange for Year Sangefor J^eviou* Tear (1904) 1905 Week EXCHANGE Shares Lowest Sighest Lowest Ji.'jhet RoUroada Dec '04 Atch Top & Santa TelOO Jan '04 Chic & Alton 100 LastSale 85 ig LastSale .S77p ios" i98""i98" i'gs" 199 i'9'84i'9'9"' i'9'8"i'9"8^ "64""6'4 24 24 121a 1212 • 12'4 •464 48 24 124 12'4 "•'6 • 60 214 2H4 60 60 '8 61 86 86 ^64 804 21 61 86 21S, » '93 4 "93 4 "92" "924 •28 29 • •83 22 •62 62 634 87^ 87 22 64 90 26 24!% 243e 22 "3"84"28'i4 •384 99 68 • "6*8" •66* nil" "ei" 66 ""7" *24 13 25 50 •30 50 32 85 22 63 99 85 •21 *61 DO 244 243j, •234 65 •62 P3 4 28 "4 97 72 93% 2814 9714 281* 68 71 9734 100 100 iis"25 i'80" Oak Park 100 100 "1*20 Chic<fe Do pref Union Tract.. ..100 Do pref Kans City Ky Do pref 100 & Lt ..100 100 W S Elev..l00 pref Metropol Do 100 25 640 210 190 20 750 470 North Chic Street.... 100 1,021 220 24 4 Northwestern Elev..lOO 98 1)3 >4 70 Feb 37 ^e Jan Chic City Ry Chic Consol Trac Chic Pass Ry 1^7^ Chic 22 65 99 •61 "9'2" "9'3*4 29 61 •304 31 4 84 •824 22 134 504 48 48 •824 25 13 200 **"6*4 6'8 •24 "1*2^ "1*2^ 314 314 81 SI 24 » •1994 199 65 Do 04'.. prtf South Side Elev 28 4 .Streets 974 72 100 100 WStable C LlOO Do pret West Clue Street 100 100 "6*7"9 175 19S 334 Jan"5 i99" reb"i 156 Jan 2(i 24 Jan 31 9 4 Jan 3 45 Jan 10 30 Jan 9 82 4 Jan 4 20 Jan 18 59 4 Jan 10 82 4 Jan 20 23 Jan 9 6'>4 ""734 Jan"'6 24 Jan 31 13 '8 Feb 3 51 Feb 2 314 Jan 31 85 Feb 3 22 4 Jan 12 64 Feb 1 99 Feb 2 244 Jan 10 63 Jan 9 66 Jan 5 96 Jan 12 95 Jan 12 28i4Feb 2 29i4Jan 4 37 Feb 3 9934 Jan 11 684Jan 6 73 I-eb 8 Mar 88^8 3 7^8 Not I'JO ...... Aug "e "Sep 8 80 14 Nov Jan 44 90 28 Jan Not Nov Nov Not Deo Nov 8.") Mar 26 Mar 68 Mar 88 15 41 66 15 ...• ' 23 Sep 27 4 Feb 15 27 4 May 45 284 Dec 31 Jan Sep Oct Sep 263^ Nov Apr 674 Nov Mar 984 Not Oct 34 824 Apr 103 J'n« Apr 664 Sep 38 niisccUaneona "10" l04"l6i^ 614 61\ •75 75 78 130 42 • 43 99" 110 69 * 69 99" "40" 110 * "99* "'".'.'.'."46" *i6" "1" '"i" • '"'."'."io" " 110 • 110 "io" III"! ..'"11 10 10 Last Sale 7 155 iss" i65" 166 4156 " '"'.'." 61 78 130 • "lO'i^ American Can *'l*6"' 124 Dec 61 ^j 614 6II4 Do pref 64^4 Dee '0.5 LastSale 76 Jan Amer Radiator 794 Deo Lastnale 12e\ Jan 05 Do pref 1234 Sep •41 424 Amer Shipbldg 404 Deo 99 Do pref 94 "4 Oct LastSale t'y'a"' M"a'y*'04 AmerTite S Bank. ...100 ...... 183 Mar 198 May LastSale 40 Jan 05 Booth (A) & Co 100 '3s"jan""4 "4'6"jan"4 33 Nov 40 Not LastSale 110 Dec '04 Do pref 100 100^4 Mar 110 Feb *56 •56 60 Cal & Chic Canal & DlOO ""60 '5'6" Jaiili ""5'9"jaii"28 52 Feb 62 Aug LastSale ISO J'lj -04 central Trust Bank. .100 120 J'ly 12334 Jaa "T^'i"i6h "i'o'hi 614 61 •76 6214 78 130 • "oa"' -'.'.'.'." •10 •76 78 •12634 130 *"™'40" 61'« 100 100 486 100 9»8Jan25 12 Jan 3 3 4 Jan 100 1,501 60 Jan 26 64 4 Jan 18 31»4 Jan 100 76 Jan 24 76 Jan 24 40 Mar 100 12634 Jan 23 1243^ Jan 23 II6I4 Jan 100 ""io 38 Jan 19 49 4 Jan 9 19 J'ne 21 98 4 Jan 17 9914 Jan 11 82 Aug 100 Allis-Chalmers Do pref JaoQ"*05 Chicago Auditorium Chic Brew'K <k Malt'g Do 25 13 Pullman Co * 4 '89 89 i'i6'4 ii6'4 "00" 'W i'ioii i"l6»4 1*1*04 i*l*6'4il0*4 iio*' i'10'4 LastSale 46 90 90 •89 "ioo '84"Feb"2 1 "to? 153 155 37 I,0ti5 1-. iY6iiii04 32 7 160 140 25 213 1044Jan 6 2,862 134 4 Feb 1 1,217 10 Jan 4 b61 65 Jan 9 10 7 Chic Edison 100 sy->4 3(i4i 33 Chic Pneumatic Tool. 100 3G 36 36»4 36^4 3 36 361a • •140 * 140 chic 141 140 Telephone 100 141 140 140 141 10.-> 105 Chic Title & Trust... 100 104410114 •104 105 •1044 105 *104'vl05H; 104 105 137 4 Diamond Match 100 133 1364 1S4413J4 13541364 137 137 1371a 13634 137 III4 III4 11»6 Illinois Brick 11 11 11 10 10 10\ 10\ 6834 Do pref 68 634 69 664 68 664 664 Kans City Stock Yds. 100 Last Sale I'l^'" Dec"'"04 Knickerbocker Ice... 100 ••>>•• >.»*• 84 Do pref 100 81 LastSale 77'"**J'ne'"04 London & Chic Contr '04 LastSale 9 Dec Manufacturers' Fuel 46 •45 Masonic Temple "4*5ii*'46ii MU&ChicBiew'g 3 2 *04 Last Sale 2C**"" No'v" Do pref * *65^ "65\ '644 "55 14 "6*438 '6*5 14 **54"4'*6*6*" 5434 65 65 55 14 National Biscuit 100 • II6I4 llt^is 11614 1164 116'4 Do pref 100 116 116 116 1164 116 116 •41 •40 424 National •404 42 43 42 Carbon 42 424 100 43 42 4 421a 116 115 *all3i4 Do pref 116 114 100 114 41144 114 4115 LastSale 106 Jan '05 People's Gas L& C'kelOO 153 36 141 Jan Jan Jan Jan Jan Jan Jan 6 10 Oct Jan 18 1 Jan Jan 20 7 Feb Jan 3 140 May 37 Jan 20 18 J'ly 143 Jan 10 115 Mar 105 4 Jan 6 86 Feb 1394 Jan 23 12u4Feb 114 Jan 16 34 Mar 71 4 Jan 16 384 Mar 50 pref ""2 20 i',620 33-2 5 18 10 "8'4"F'e*b*'2 '45" Jan 16 '4'6'4Jan'l'7 2 Jan 30 2 Jan 30 "54" Ja'n"2'5 "57" Jan" 3 1144Jan 715 41 474 110 106 5 lly4Feb Jan 25 43 Jan 5 115 Jan 11 106 1 Jan 18 Jan 31 Jan 11 il4"jan"6 "m i09a8Jan26 46 Jan 25 46 Jan 25 ""66 Vn Stock Yds(So Om)100 Sale 10>^" Dec '"04 Union Bas <fe P Oo ...100 Do pref 100 ...™ ...„. "'i'\"i" Unit'd Box Bd & P ColOO III4 11 11 Do pref 114 100 LastSale 10 KoT'04 Weaver Coal <fe Coke •20 •234 25 26 Weetem Stone 100 2l8 ll"* •*...* ...... 2I4 114 "iiVii% Ill* 1114 '234*234 * 28 4 "23 '4 -'."„ *2"3"" BONDS Feb. Bid Amer Blfloult 68 Amer Strawboard WeeVs Friee Friday 1910 F-A l8t6s.. 191 1 JAtcfUaon Adiust 48 W995 M-N Ca.ss Ave <fe F G (St L) 58.1912 J-J Chic Boani of Trade 4s ...1927 J-D 3 100 103 103 103'4 C F L&C '05 994 Jan '05 Nov'04 93 W J-J 108 -D 107 .f J -j J-J 103 Jan '05 103 Apr '04 65 Jan '05 103 ig Jan '05 1014 b64Jan 4 90 Jan 14 lOlSg Consol g 58 West dTv City Ry 108 4Jan'05 103»8 Vi Weat'rn StonoCo.0-20 68.iy09 A-O 103 103 62 65 1^4 10341034 IS 1044104^8 City Chicago National Chicago Saving.s Commercial National Continental National "00k Co Stato Savings Corn Exchange Nat Drexel State Drovers Dep National N ational FirstNat Ensrlewood.. Foreman Bros B'k'g Co 72 76 70 68 Fort Dearborn Nat 76 79 Nov'04 Hamilton NaUonal 80 Apr '04 Hibernian B'k'g Ass'n 107 ^8 103 Home Savings 10,>7slo8 100 ^8 lOO^B lOOOg 100^8 International Trust Co 97 4 Jan '05 Tr <fe S.avings Kenwood 974 974 93 Jan '05 98 Manufacturers Bank 98 95' '4 96 4 24 954 964 .\Iilwauke6 Ave Scjitc. >-9 150 81I 86 Nal Bank of Republic 8;J '05 Jan 100 Natioual Live Stock... 95 100 99 Jan '05 94 North .'-iide State Sav.. 99 Oakland National 94 Jan '05 94 Peoples Trust & Sav .. 94 96 95 Prairie National 934 95 89 88 88 894 Pralne State Pullman Loan & sav.. 99»4 094 South Chicairo Savings 994 10 99 10338 '.J 97 994 994 Chicago I4 IO24 102 102 »8 A-O 105 4109 1064 1064 M-N 114 Nov'04 M-S 81 J'ly '04 F-A M-N f-S Nov'04 M-N 100 Sale 100 100 F-A 70 May'Ol 19:4 J-D '89" Safe 89 89 90 '4 Sale 1930 M-N 89 4 904 4 4h.. 1932 J-J Calumet National. loo 100 ... ... 10034 Nov'04 1 Debent 68 January 1 First J-J 97 100 97 Jan Feb 1734 Nov 36 Nov 1474 Nov 10 S Oct 142 4 Nov 124 Deo 764 Deo "1*2" Oct* Feb Jan 74 Nov 9 Deo 42 Aug 51 Jan 1^4 Apr 24 Jan 20 Nov 25 Sep 36 Jan 684 Deo 99 4 Jan 1164 Not 25i4Mar 464 Deo 95 Jan 120 Sep 9808 Feb IIOI4N0T Jan 50 17 J'ne 62 20 J-me Not 474Jan 87 Not Oct lOo^Doo 99»8Apr 3534 J'ne 75 '7^4 943 2,043 ""6"5 238 Jan 4 12i4Jan 4 7 J'ly "23'4Jan"28 "23 '4 Jan 2*8 10 14 Nov 13«Fel» 2 Jan 3 10 OutstandSurplus <6 ing In Fro/Its Stock 1903 NAME Since Feb '04 98 lO.S 10>3 ]03'4 Banp* 1034 F-A M-N 9934 100 4 Dec '04 127 123 4 Sep '04 let 6s. 1943 A-O 124 1947 M-S IO6I4IOSI4 1074 1074 Befuiiding g 58 Chic Gas Lt&C let 5s. .1937 Consnnicrs' Gas 1st 5s..l9:ii; St Louis Brow'g Ass'u Os. 1911 South Side Kiev 4 >:;S 1924 Swift <fe Co Ist g 58 1914 194.'^ Union El (Loop) 58 Union I'aclllcconv4a....l9Il 1910 U 8 Brewln;,' .'is United Breweries (Is 1928 cl963 U 8 Steel Corn 2d 5s West Chic .--t 1st 58 U2S Tunnel Ist 58 1909 2 High iV^fl. Low Migh Bankers National Jan lUo 99 9.) J-J Consol Br <fe Mlt6s 65 6:! Chlc<'on.solTrao44s 1939 J-D Chic Edison debent 63....1913 J-J 103 4 Igtgold 5s 711926 A-O 1U44104\ Chic Auditorium l8t58...1929 P-A Chic Dock Co 1st 18 1929 A-O loo's Chic EquiiGas 68 1905 J-J 100 Chlc&MilElecUy 5S....1919 J-J Chic Pueum Tool istSs .al»21 J-J 76 764 Chic Bock I & Pac RE 4s.2o02 M-N liil3M-S Collat Trust g ob Commonwealth Elect 58.bl94H M-S 108 Sale Kans City Ry & Lt Co .".s. 1913 M-N 1 00 ^t Sale Knlckerb'ck.^r Ico 1st 5s. 1928-<i.-0 t974 98 Lake Stroet F.l l8t Ss 1928 J-J 964 98 963(, Sale Metr Side El Ist 4a....l9;;8 F-A Extension g is 89 Sale .li'H8 J-J North Chic St 1st as 99 100 19uo J-J Jst 58 99 1909 J-J Refundin'.r g4 4s 1931 A-O No Chic City StBy 4 48.1927 M-N North Wesfn El Ist 4s. ..191 1 M-S 95 194.') M-N Ogden Gas 58 89 4 Sale Pearson 8-Taft 58 1916 J-D 1004 4-4('8 B B B 98 1920 .M-S Series 4-808 Series Peoijlo'sGas or Last Sale Ash Low Clilo 4408 Range 104 Dec Nov s4J'iy Sep 1*16*4 Not 338 20»4 Jaa 19 Fob 25^ Deo CMcago Banks and Trust Companies CMcago Bond Eecord CHICAGO STOCK EXCH'GE Week Endixo Jan. 27 1 14 8 100 St Louis Nat Sfk Ydfl .... i*i6\ Swift* Co 100 Jan '05 The Quaker Oats Co. 100 90 Do pret 100 'Last ...„...„.. lOi^Nov 1 7 20 25 170 '04 state Bank of Chicago. Stock Vard.s Savings 105 4107 4 107 103 .. Uniim .Siock 'I'ds Stae U S Bank & Trust Co . Dividend Record In Per 1904 iod Last Paid % 2,000,000 $1,075,258 Q-J Jan '06, 100,000 38,243 8-1-6 200,000 138,968 IS J-J Jan '06, ,000,000 1,393,4.=>6 16 12+3 Q-J Jan '06, 500,000 66,575 '12' '12 2,000,000 1.732,020 Q-J Jan '06, 3,000.000 1,056,73'J Jan '05, 8 8 60,000 5,570 Jan '06, 6 6 12 Jan '05, 3,000,000 3,424,108 12 '200,000 13,960 Jan '06, 6 6 600,000 268,800 8 Q-J Jan '05, 8 8,000,000 6,0 42,023 1112 12 Jan '05, 100,000 100,957 10 Jan '06, 6+4 500,000 610,276 Priv ate Ba nk 500,000 182,105 6 6 Q-J Jan '05, 13S,802 "8' 500,000 1,000,000 1,025,612 's' J-J Jan '06, 100,000 127, 16J 10 10 J-J Jan '06, 200,000 Proje cted 1 nstitu tion 200,000 3,271 Began Jan 3, 190 200,000 14,120 "6 '6 250,000 238,642 -J .Tan '06, 2,000,000 916,164 6 Q-J Jan '05, 6 1,000,000 1,267,686 15 12+3 Q-J Jan •06, 50,000 5,755 "6* J-J Jaa '06, 6 50,000 48,513 J-J Jan '05, 6 New Bank 200,000 250,000 63,526 8' 250,000 67,299 U38 Q-J Jan '05, 200,000 257,808 Q-J Jan '06, 8 8 Jan '06. 200,000 25,188 5 573,124 1,000,000 6 Q-J Jan '06, 250,000 87,139 New Bank 200,000 1,000,000 1,000,000 ProJe cted I n8ti taUon n rj ,T 2 4 8 3 2 8 3 14 2 S 8 14 4 6 3 14 3 3 3 3 a 1 !> '4 1064 100\ 102', 103^8 1024 103 '8 105 4100 4 94 100 80"*"8"9" 88 4 ;'0 4 97 97 Amer Tru.st 6 ij(>ntral 1 (t Savgs. Trust Co ol ill (Colonial Trust <fe Sav.. Drovers Trust & Sav.. Kquit able Trust Co Federal Trust A Sav.. Kirst Trust Ji Savings Illinois Trust & Sav.. lack.son Trust & Sav.. 2,000,000 1,363,^77 4,000,000 1,3<2,'238 100,354 200,000 43,426 200,000 350,000 500,000 833,221 2,000,000 527,886 1,000,000 4,000,000 6,030,054 250,000 61,899 Merchan Loan & Tr Co 3,000,000 3,.')75.896 Metropolitan Tr<fc Sav 228,397 750,000 Xorthiirn Trust Co Bk 1,000,000 1,697,622 437,088 Itoyal Trust Co 500.000 614,513 Union Trust Co 1 ,000,000 158,337 Western Trust & Sav. 1,000,000 6 G 8 16 12 6 8 6 7 4 6 J-J Jaa Q-J Jan Q-J Jan Jan 6 8 M-S 4 Q-J Jan 12+4 12 6 8 6 .Sep '06, 4 '05, 1 '06. '06, l>a '04, 4 '06, 1 H« Q-J JaJn'Oe, "s"*! Jan Jan y-J Jan F-A \ug '06, '06, ,06, '04, 3 3 Q-J Jan '06, !>• 3 3 Also paid 12 4% In Doo., 1903, in stook of First Trust A Savings Bank, i Capital and surplua to bo Increased. U Includes special dividend of 80% deolared Aug. lo, 1904. * Bid and asked prices; no sales wore made on this day. a Due Deo. 31. iskod this week. t No price Friday; ijJiest bid and asko t> Due June, e Due April. & Dae July. || ' Feb. — — — — . — . THE CHRONICLE. 4. 190r>. 593 Bid Ask Industrial and iVIisce 100 105 4 106 llCons Firew'ks com .100 58 g 1949 See Stock Exeh lut UPreferred 100 Indiana Nat A 111 Gas Cons Ry Ltg&Refrig.lOO M-N 25 1908 35 Ist 63 Consol Rubber Tire.. 100 50 60 Indianapolis Gas Debenture 4s M-N no6 1st 6s 1920 Con3 Storage BatterylOo 50 81 Jackson Gas Co Cont Tobac deb 7s'05A-O 103 A-O i 5s g 1937 Cramps' Sh cfeEn BldglOO 30 100 40 Kansas City Gas IJCrucible Steel 100 53 1922 See Stock Ex list. UPreterrod 100 100 100 TII>aclede Gas Cuban 6s of 1896 90 105 100 TJPreferred HDiamond Match Co. 100 58 63 Lafay'eGaslst6s'24..M.N Dominion Securities. 100 25 35 Log&WabVlst6s'25.J-D Douglas Copper 5 Electric Boat Maddaon Gas 6s 192G.A-() 5106 109 100 Newark Gas 63 1944. Q-J 51354 136 Preferred 100 80 Electric Lead Beduc'n.50 Newark Consol Gas. .100 85 S.D 5 10 J -4 110 Preferred HCongSs 1943 50 Electric Vehicle No Hudson L H <fc Pow 100 Preferred A.O no8 OS 1938: lOu 3 5 Electro-Pneum'icTranlO TlOcfe IndCNat&IU.lOO 25 35 Empire Steel Ist 6s 1926 J.D 100 71 75 Preferred Pat & Pas Gas & EleclOO loO 51044 106 TJGeneral Chemical ..100 Tl Cong 5s 1949.. ..M-S 100 St Joseph Gas 5s 1937. J-J i 97 IJPreferred 100 Gold Hill Copper 1 Greene Con Cop See Bost Teletn* Sz Telephone Greene Consol Gold... 10 95 96 1lAmerTeleg& Cable 100 HackensackMeadowslOO 121 ITCentral & So Amer. 100 118 Hackensack Water Co Kef g 4s 52 op 12...J.J Commer Un Tel (N Y).25 115 85 Hall Signal Co Emp & Bay SUte Tel 100 80 100 47 Havana Commercial. 100 Franklin 100 125* 122 Preferred UGold & Stock 100 100 Havana Tobacco Co. .100 1I4'28, 1905 Hudson River Teleph 100 98 Preferre<t 100 Hecker-JonesJew'l MUl UN Y<fcN JTeleph...lOO 171 Isl 68 1922 5s 1920 See Stock Ex Chang e Ust M.S Herrin g.HaU-Marvin 1 00 UNorthwestern Teleg. 5(i 125 128 80 85 Pacific <fe Atlantic 1st preferred 25 100 2d preferred HSouthern & Atlantic 25 100 106 100 tias Securities Yolume of Business at TBANSACTIONS AT THE DAILY. ......... Tuesday Wednesday ITiursday Friday $67,413,900 1^5,110.800 111,677.100 85,032,900 90,048.800 118,836.200 Sales at Stock V S Bonds State <tc Bondt 6.636,637 $598,119,700 Total ' 692,539 1,287,083 1,209.854 939,661 1,084,263 1.423.237 STOCK EXCHANQB Sailroad Bonds $4,867,500 6.230,000 5,639.000 6,314,000 6.035,500 5,192,000 .S756.000 1,150,500 855.500 631.500 856,200 $4',6o6 434,500 $33,278,000 $4,684,200 January Week ending February 3 $4,000 1 to February 3 Sew York Exchange —l^^o.shares Stoclcs Par Talue Bank shares, ikar.. $4,000 4,684,200 33.278,000 $37,963,200 State bonds BB. and mis. b«nds Total bonds 1904 24,239,819 2,654,975 6,636,637 14,712,098 $598,119,700 $241,316,900 $2,225,071,700 $1,382,726,175 $274,200 $1,000 $2,600 i92,000 BONDS QoTernmentbcBds 'r 1905 1904 1905 2.000 $13,529,000 $20,000 19,393,800 138,508.000 137,000 92,678,500 $13,531,000 $157,921,800 $93,008,000 $192,500 DAILY TRANSACTIONS AT THE BOSTON AND PHH.ADKLPHIA EXCHANGES Week ending February 3 1W5 24,499 Monday 47.9-28 Tuesday 90.024 Wednesday . 68.5SI3 Thursday 85,040 37,489 6,826 6.884 14,417 13,464 12,086 28,739 313.573 82,416 Total Bond Unlisted shares Listed sharef Saturday Friday Fhilad^lphla Boston tale* $17,000 52,000 61,500 29.300 56.000 91,225 12,018 24,679 34,592 46,819 90,343 70,401 $307,025 278,852 Electric Bond Unlisted shares Zisted shares $53,500 88,500 140,200 50.500 17,555 14,062 12.167 6,536 9,927 1-29,500 113,000 74.510 $675,200 Outside Securities NYife Q El L&PowColOO Preferred 100 United Electric of N J 100 4s 1949 J-D Ferry Companies Brooklyn Ferry stocklOO B& NY 1st 63 1911.J-J A Weekly Review of Street Railways Street KaiUrays Bid Ask NKW YORK CITY Lake St(Chio) El stk. 100 00 Ful F atk 1 32 34 St Ist 58 1928 <fe J-J Bleeck 93 100 ULouisv St5sl930..J&J Hist mort 4a 1950 „ J-J Lynn<fe Bos Ist os '24. J-D «B'y <fi>7tUAT«3tk ..100 244 248 New Orl Rys Co 100 Tr2dmort 5s 1914 ...J-J 104 107 " Con 53 1943 Preferred See Stock Exch Ust 100 Ist gu 1924 nos 110 Surf 5s 4'2S 1952 J-J B'way North Cliic Str stock. 100 2d 5s int as rental 1905 i 99'2 101 Pub Serv Corp of N JlOO HCeut'l Crosst'n 8tk..l00 330 350 Tr ctfs 2% to 6% perpet HlstM 6s 1922 ...M-N iin 121 205 stk.lOO 210 & E K North Jersey St By lOU Cen PkN 177 185 Ist 48 1948 Clir't'r<S; lOtb St stk 100 M-N Cons Trac of ol& 9tli Ave OS See Stock Exch list J... 100 Ist 58 1933 J-D Dry D K B & B— 112 115 New'k Pas By 68 '30J-J i. Hist gold 53 1932.. .J-D 99 ....F-A '05 1914 101 53 Or & Now 1st 6s A-O itscrip 405 Essex Pas 68 1905 M-N IJEiglitli Avenu6st...l00 390 106 Eapid Tran St By.. 100 HScrip 63 1914 ....F-A 105 1I42a&GrStF'y8lk..l0O 405 415 I8t5s 1921 A-O 70 i2dStM & StNAr..lOO 50 J C Hob& PatersonlOO fllstmort 6s 1910 .M-S 104 1^ 107 4s g 1949 M-N 80 85 So J Gas El & Trac 100 il2d income 6s 1915 J-J Gng53 1953 Ihterboroagh Rap Tr.lOO 204'^ 205 Bid 414 W 28th & TfTwenty-Th'd St stk 100 ivmh 29lh Sta 1st 5s '96 J1121.2 114 390 J-J Deb 5s 1900 98 Union By l8t 58 1942 F.A 5108 '43 J-J lOJ Westchest 1st 5s 400 1.00 105 BROOKLYN J, Atlan noo 5100 250 no8 24 793< 1-25 Ave 58 1909. .A-0 no2 W E 5s 1933. .A-O lt.13 BB& Brooklyn City stock.. .10 238 Con 5s See Stock Kxcli list Bkln Crosstn 5s 1908. J-J 102 Bkn Hgls Ist 5s 1941 A-O 104 Bkln Q Co & Sub ,S'C€ Stk Exch Bklyn Bap Tran See Stk Excli HUoney Is. & Bklyu ..100 340 Isl cons g 43 1948. .J-J 99 BrkCdfc N 58 1939.J.J 113 '06 Or St&Ne w Ist 53 F-A 100 Gr'pt &Lorimer St 1st 6s 102 Kings Co. ElevatedIst 4s 1949 See Stock Exch Nassau Elec pref lOO 75 68 1944 A-0 110 MS 5103 No Hud Co By 68' 14 J-J ni2 5s 1928 J-J 5109 Ext 5s 1924 M-N «105 104 242 73 h, 106 "a 108 43 1934.....S-««Stk list list UnitKysSacirran i'ee.Stk Wash Ky <& El Co.. ..100 Preferred 100 43 1951 J.D 10(i HWest Chicago St TiCon g 58 1936 M-N Cent Union Gas 1st os... Con Gaii (N Y) stk. See St (Jonv deb 6s Otis <S'(?eStk TIMutual Gas 100 New Amsterdam Gas 1st mort 58 1919. ..J-D HUnion Ferry stock .100 Tllst Exch Exch 106 94's 24 69 "s BAilroad Chic Peo <6 St L pref.lOO Deposited stocn . Undeposited stock Prior lien g 4 48'30M&8 Con mtg g 5s 1930. J&J 29'4 Income 5s 1930 68 a7 no k Exc h Exch 290 list list 310 list SO 12 63 34 12-4 100 10034 137 1374 14 8 7'.. 40 75 4-2 15 16 81 4 14 t 234 24 ^ 4 7 9 40 50 55 GO 1014 1024 h t Stock Exch 7>4 t 10 18 964 595 85 12 36 90 344 351 44 46 102 106 30 40 3 6 1 ImplOO 200 Industrial and 3IisceI Alliance Eoalty 115 161 100 HAmer Bank Note Co. 50 American Can com.. .100 Preferred lou American Chicle Co. .100 Preferred 100 -imerican Elevated Maltint;6s 1914. J-D 9^4 61 124 95 Am American Nickel il'4" lii t Amer 14 Am 24'8 1st consol OS 1948.. J-J 5111 81 t30 N Y& 'j Coal. .50 28 48 101 1< 173 1514 37 77 IJPreferred 60 19 86 112 42 105 168 24 100 100 69»4 N Y Transportation. ..20 Nor Am Lum'r & PulplOO HOntario SUver 1\ 100 N Y Biscuit Os 1911. M.S N Y Mtge & Security. 100 IINew York Dock 1024 Ihe 7*4 34 100 100 loo 49 103 10c. 1 20 92 120 46 i72'*' 25 4 60 4 84 1'4 44 494 106 IL'o. 28^4 28 '8 Pittsburg Brewing 50 474 48 Preferred 50 21 14 21 Pittsburg Coal 100 78'4 78 125 Preferred 100 6'4 7 Pope Manul.icturing.lOO I0I4 71 74 Ist preferred 100 21 22 614 "d preferred llio 128 Pratt & Whitn pref.. 100 100 9a Realty Assoc (Bklyn)lOO 1334 isi" Royal BakPowd pref. 100 10b4 110 104 4 RiisseU & Erwin 63 25 t 61 I'e Safety Car Heat & Lt 100 200 105 Seminole Mining h 5 t 4 Singer Mfg Co 100 660 680 •^0 68 Standard CouplercomlOO 14 Preferred 100 120 9 192 10 Standard MiUing Co. 100 34 500 37 Preferred 100 78 list 79 5s 655 Standard OU of J. .100 650 3g 265 Storage Power 50 list Swift & Co See Boston St ic Exc h'ge list 1st 53 1910-1914. ...JJ 51024 1134 40 Tennessee Copper 344 25 t 32 70 IL'O 85 IJTexas & Pacific Coal 100 oh Ist Os 1908 A-O 5105 110 26 Title Guar & Trust See Trust Co'8. 83 Title Ins Co of N Y..100 185 195 ao^i Tonapah (Nevada). 1 t ll'^i 12 '« 15 4 Trent on Pol teries com 100 19 20 88 Preferred new 90 100 65 .36 Trow Directory new.. 100 75 N t , Pref d fie« Stock Exch 4s amies ^-eeStk Exch 35 Typefo'rs com.. .100 96 Preferred lou 5 Amer Writing Paper. 100 i,j B 50 Boston Consol .5 Mosler Safe Co 100 UNat Enam & Stamp 100 KPreferred lOO National Surety 100 TlNew Central Coal 20 <& Otis Elevator com 944 954 Preferred 43 434 Phoenix Mining lstg4sJnnell954.J-D 2dg48 June 1 1954 Preierretl 100 112 5s 1919 JJ East Bivor Gas— Arizona Con Mining.. .50 115 Ust 1st OS 1944 J-J 5113 Baldomero Milling b 112 350 Consol 5s 1945 J-J 5109 Tl Barney & Sm Car ...100 100 N Y <fe Richmond Gas.lOO 35 1i Preferred 100 115 Nor Un Ist 5s 1927. M.N 104 108 Bethl'm Steol Corp... 100 160 IJStandard Gas com ..100 130 Preferred loo TlPruferred 100 155 170 CoU.tr. g.s.f. OS 1914.... 5110>2 U2'2 1st 63 1930 M.N Bliss Company com 50 list Preferred 50 OTHER CITIES BondiS; Mtg Guar. ...100 75 113 Amer Light & Tract. 100 73 Borden's Cond Milk.. 100 Ist 4s 1951 See St k Exc h list Preferred 100 100 101 Prefcrreil lou 3 N Wb'g & Flat l8t ex 4 ^a 101 ;oi Bay State Gas 50 t u British i.ol Copper 5 •teinway 1st 63 1922.J-J 5119 121 93 Binghamton G<18 5s 1938 i 94 Camden Land 3 Brooklyn Union (^as deb Celluloid Co 100 184 Os 1909conv'07...M.S 180 OTHER CmKS Cent Fireworks com. 100 D 6 Bntl'alo City Gas stock lOU Preferred 100 Buffalo Street By— 1st 5s 1947 .See Stock Exch list Central Foundry 100 Ist consol 53 1931. .F-A ni2 llS^-j Consol Gas of N J 1 00 Preferred lou "10" 95 Deb 68 1917 A.O noj 1117 Ist 53 1936 JJ Deb 6s 1919 op 'OlM-N Chicago City Ky stk. 100 199 200 Consumers' L H <ft Pow— Century Realty 100 Chic UuiouTraciceSt'ck Exch Ust 6s 1U3S J.U 5112 Cnesebrourli .MfgCo 100 Cleveland Electr Uy loo 83 75 8tV; liDetroit City Gas 50 TiClaMiu (U B) com 100 Columbus (O) St Ky..l00 100 >2 Elizabeth Gas Lt Co. .100 250 3U0 Hist preferred 100 Preferred 100 108 Essex cfe Hudson Gas 100 126 126 'a 1i2d pre!erre<l 100 Colum By con 5s See Ph ila list Fort Wayno 6s 1925. .J-l 5 58 61 Col & HockCoaldkl pf 100 Crossl'wn l8t5s'33.J 65 n07\ 109 Gas & El Bergen Co.. 100 664 1st g53 1917 J.J arand Rapids Ky 100 55 Grand Kapids Gas Compressed Air Co... 100 Preferred 1 iqq "gfi; 87 14 85 gg 58 1915 F.A 5102 104 Tilst 1113158 Consolid Car H Consoliil Heating eating" 100 I Buyer pays accrued interesu 1 Price p^r saare. jdalo price, a Ex rights. *Ex Oiv JNew stock, seUs 106 1 13 10 51014 1024 Preferred 924 Mont •ZO Common 5103^2 109 n 87>8 8 1910 74 Monongahela 6 106 90 95 Press Assoc'n.lOO Am Soda Foun oom..lOO 29^8 63 1st preferred 100 86 S, 2d preferred 100 88 .American Surety 50 187 75 Amer Tobacco (old).. 50 250 90 Preferred See stock Exch Amer Tobacco (new) 86>f, i M-N 58 1920 HFort Worth & Denver 45 City stamped 100 N Y Cent deb 4s '34.M-N 1004 Northern Pacific 100 168 When releaseil 101 Northern Securities.. 100 151 lOl^a Pitts Bess <& L E 34 t 50 '256 Preferred 50 t 74 Seaboard Air Line Coll tr 5s 1907 op.. .M-S 102 80 !< Va <fe Southwestern.. 100 52 127 Wabash Pitts Term By— Bochester By pref ... 100 Con 53 1930 See Phila list 2d 53 1933 J-D 103 93 So Side El (Chic) stk. 100 Syracuse Bap Tr 03 1946 5106 United Rys of StL— 22 Com vot tr ctfs 100 68 li Preferred 100 aen See Stock 84 110 116 104 Land<fe 7='4 5 16 M-N 5102 103 4 1»4 Houston Oil 24 100 205 16 Preferred 17 lOO 103 4 Hudson Realty 110 63 65 Internat'lBankingColOO 152 88 92 134 13'4 Int'n'l Merc Marine. 100 25 34 »3 35 14 Preferred loO 78 784 Col tr deb 4 41922op'07 86 214 "224 International Salt 100 63 66 Ist g 5s 1951 24 4 International SUver. 100 8 10 106 108 424 Preferred 100 Exch Ust Ist 6s 1948 J-D 51024 103 70 75 Lanston Monotype 20 t 134 13^ 5 85 90 Lawyers Mort Xnsur.lOO 190 195 51034 1094 Lawyers' Title Ins. ..100 330 340 5110 111 Lord & Taylor pref ..100 1044 110 5105 110 HLorUlard (P)pref ...lOU 135 140 40 60 Mackiy Companies ..lOo 394 39'', 95 5 91 74\ 75 Preferred loo 28 20 32 25 Madison So Garden. .100 91 93 80 2d 6s 1919 M.N 65 11 13 TJManhatt Beach Co. 100 334 4 Manhattan Transit 20 t Mergent'ler-H'n Bskt. 1 Mex Govern't 48 See Stk Exch hat 5 7 74 Mex Nat Construe. pflOO 1I5s 1554 160 804 Pat City con 6s '31. J-D 5123 2d 6s. ...1914 opt A-O 5100 Gas Securities NEW YORK Con OS g 1931 A-0 113 Impt 5s See Stock Exc h list 15 99 73 28 80 83 109 3115 •' YkersSlBR 53 X94GA-0 4''. 14 76 91 140 . Second Avenue stocklOO 205 210 104 Tllsl mort 58 190U M-N no3 Consol5s 1948.... F-A ni4'i 115 176 ^Sixtli Avenue stock 100 172 Son Boulev 58 1945. .J-J no2 106 ..A-0 l8t 1919. 5s no5 108 SoFer Third Avenue See atock Exch list Tarry P & M 5s 1928 103 106 4 1121a 113 "a 113 ' N Ask 3'2 • Lex Av & Pav F 5s See St kExc list Metropol Securities See Stk E X list Metropol Street By See Stk K X list Ninth Avenue stock. 100 185 192 58 1948 N Y & E R Ferry stk. 100 Ist 58 1922 M-N N Y Hob con 58 '46. J-D Hob Fy Ist 5s 1946 M-N N Y& N J Ist 5s 1946. J-J lOth & 23d St3 Ferry 100 <fc Outside Market will be found on a preceding page. Hoboken At/t 15 65 HKingsCo El L&P Co 100 195 Narragan (Prov) El Co 50 t 99 Con ' Companies Cliicago Edison Co. ..100 sales 14, '2 63 Bid Hudson Co Gas WEEKLY AND YEABLY Par value Shares Saturday Monday NEW YORK Stocks Week endtnn February 3 1905 Stock Exchanges Mm t3»8 128 29 88 103 140 130 395 143 113 294 Union Copper l(j fc8 4 Union Typewr com. .100 150 145 145 115 t 6 '4 t h 6 '4 121 13 63 4^4 23 80 144 440 101 96 17 67 473 2o4 84 148 480 105 l3t preferred 10(i S^ 118 2d preferred loo 118 Unit Box board& Pap. 1 00 2 11 Preferred 100 U. S- Casualty 100 U S Cotton Duck U S Envelope com. ..100 100 IJPreferred U S Leatheri;ew(w 1)100 Prilerred new (w 1)100 New 08 (w 1) See U S Steel Corp new 5s '11 14 95 120 lnO 24 114 195 84 6 17 83 434 46 944 954 99 X list .. 51114 113 Coltr sf 5s'51opt Coltrs f 5s '51 not opt.. JIII4 113 6 Ext'r.lOO 7 Fire Universal »(. 1 Universal Tobacco. ..100 2 100 6 Preferred 9334 atk E Bronx <6 1074 Title & Mort Guar Co Westlngh Air Brake.. 50 tl44 92 White Knob Mining. 10 t.... 5 l'» New stock (w i) 4 pref. 100 120 66 Worthing Pump pref.'joo 124 GO on Stock Eiohange, but not a very active seearlty 974 65 85 Of 102 SO Westchester BOSTON STOCK EXOHA.NaE-Stock Share fricex— Not Per Centum FriceH Monday Haturdatj Jan. SS 87V! 87V! itos* 10034 256 256 87 >4 8734 IOOI4 100^8 '256'^ 256 V; 15534 156 >i 155 V! 156 •245 '245 175>2l''5'2 175 14 176 171 171 20 14 22 72 72 Wl 16L 13834 129 145 •63 •86 2UO>-j2UU^^ 85 70 >2 85 •68 •15 129 i45 •03 •86 175 i45 65 •63 88 15" 6OJ4 23I4 *22i4 200V2 200Vi 208 96 847s 85 1« •16 54 54 98 V2 98 Vj 119V2l'^l«8 asis •9S 96 114 9514 114 54 96 21 8714 87 87 "tj 141 Vj 142 138Vj1S8V2 I44I4 115 22 22 >a 94=14 943, *S^ •120 122 1818 18>8 •634 7I4 9334 81 81 193 '190 *!«» 139 134 139 88 "15 4 '154 60 60 "15 4 61 •2134 2234 206 97 208 100 •206 208 •34 85 15 52 54 84 15 52 99 99 *9S 974 974 96 244 •5238 5234 *20><> 21 87-4 8714 434 434 145 2034 20-4 87 88 434 1454 •2234 2234 9534 97 •34 •34 12J 123 121 •18 19 •18 25a l^'54i«54 '38 4 3S=8 8L 81 251 1=^8 13^ 240 V! 241 241 241 •84 9 8^8 8^6 109 'J 110 •110 * • 23 2o •254 •25 Vi •3 4 4 4 •3V2 10534 106 105 105 V2 7o 74 Vj 75 7i 34!% 33^8 o4 34 *634 81 122 19 •634 74 2504251 7I4 252 18541854 38'4 139 145 146 '22^ 233f 9634 93 122 18 '4 1383^ 139 4 •2 24 1434 143 143'4 13S413S4 139 2234 19214 J 85 79 186 38^4 3-34 81 1934193 4 1934195 *l--'8 14 134 X1374138 • 18 18 •97V2 •88 92 •93 99 •6V2 6^4 100 '4 100 14 ;;0'8 31 9439 95 65 18 -(ii) 4 974 SO •93 64 4 18 84 110 9 9 111 23 •254 •34 4 105 4 106 77 78 3379 34 99^8 3038 9439 ••65 4 •IS 93 98 1«8 1394 24 24 2 4 •2 15 16 16 238 242 23842384 102 31 95 4 3334 314 814 9 1104 lit) 23 • •254 •3 4 105 78 34 34 104 102 9978 4 106 7834 144 30»4 94 08 -6i5 434 214 214 •214 944 90 4 •34 7I4 96 95 11441 14 14 23 142 54 S9 1224 974 98 •974 9S4 142=8 85 12134 l'^134l'2>234 138Vj13!5V! 144^1 14534 18^4 •634 2234 2004 2004 200 166 141 120 65 89 166 4-s 2iV; •2'Z 1454 65 •88 65 165 20 251 •185 186 «38V) 38'j, 2134 200 165 114 21 ij 87 4 4^8 61 "95 96 *U1 21iu 4\ 1233e •9734 21 i^ 64 99 99 120 2058 20=f 214 22 714 714 71 4 714 •1624 161 4 162 130 130 1294130 14641454 175 15 15 eo^ 17638 305 186 i-8 •206 95 208 '206 2:i *l(ilV2l62V! '15 15% 60 60 23V2 •22'a 2564 2564 256 4 256 4 155415534 155 1554 •245 1754176'4 176 70 V! 129 10134 10256 14 4 1044 36 4 '36=8 314 944 95 9534 18 19 984 984 98 4 984 *90 93 '93 99 •90 92 98 93 2.1 2V. 2V •10\ 11 'v 5S b-^i 26'8 27 334 25 10 "a •1 4 25 10 >i 13« 62 115 2 7 204 7 2034 7434 7 7 204 2034 214 11 IL :-,•« 5>4 2034 26 '8 3:^4 334 20 ii 10 26 lO's i 1 1'^^ 123, 62 '.J 52 V, 52 '4 124 52 4 liiVa 4 3 3 ••2 110 110 110 110 V 2 2 2 '^V. 24 24 708 8 128 7 129 « *10>8 4IO9 4'8 \2 106 8't 8 74 ISO 4 24 •238 234 114 114 11 5 5>H a;204 2676 3'^ 3^4 3»4 254 25 4 104 104 26>4 lO^'e 166 295 136 J'ne 11164 J'ne 130 J'ne 160 Apr 276 Jan 133 24 4 73 170 J'ne 1 Jan 222 198 74 68 29 J'ne J'ly Mar Aug 40 Jan 87 4 May 95 4 J'ly Jau3i) Jan 26 204 89 89 7 AdventureCon 7 7 25 434 94 27 4 284 •24 24 2l8 •2 "8 234 74 130 26 4 26 4 20-''b 34 4-'4 Franklin 4 20 20i'> Isle 1038 104 10'4 114 Mass Cousol 14 •14 13'V 13-'8 1 63 4 53 53 i-'« :>>., 203.1 '27 95 93 28 94 28 944 94-'4 28 23 110 110 8 7 131 3 •'4 •24 3 llu 24 24 73., 132 4 8 '4 10 41^8 5 41B8 •479 424 10 42 5 12'4 5 12'4 5 ]'2>4 1134 \V\ 1074108 4 108 •179 <t 2 24 24 7"4 •14 3 3 3 114 115 24 24 7 7g 74 7 '4 132 2 13 10 42 5 1134 109 178 227f. 10 4234 5 12 133 3 Jan 11 123h iklar'04 24 934 10 424 42 4 ^< 124 1'2 109 lOri'a 109 2 *17h 2 20 175 Michigan Moliawk Old Colony 75 1034 2,800 100 5,535 '.934 70 534 176 645 5,342 2;776 14;353 1,210 350 20 •^30 20 Montana Coaltb Coko 12 Jan 12 27 4 Jan 13 1 4 Jau 16 i',307 I2 20 20 iMaytlowcr \>i\ 3 0,190 1,175 3,700 100 2,960 984 1,100 Jan Jau Jan Jan Jan Jan 2.) 24 25 25 26 7 Feb 2 Jan 9 7 •33 Jan 17 12 Jan 3 04 Jan 20 124 Jau 4 Ol) Jau lo 113 Jan 10 2 '4 Jan3u 10 Jau 20 Jau 4 20 Jau 20 3 Jan 4 1734 23 4 an .1 20 Jau 7 Jan lO's Jan 51 4 Jan 10 44 Jau 20 •S7 4 Jan 13 25 4 Jau 2.. 'd% 1 1' 105 910 881 91 365 27 3 100 175 106 4 Now sJ^ocic. rAsrt'tpaid. Feb Nov Xov 43 75 8234 Mar Dec 1 Mar 779 1 05 Apr Jan 4 d 14 4 Eeb 679 J'ly 84 Jan 10 39 Jau 31 20 J'ly 15-34 J an 20 7 4 Apr 70 4 Jan 16 38 Feb 1034 Aug 17 Jau 21 00 Feb 1 40 J'ue 115 Jau 30 103 J'ly V>^ J'ue 34 Jau 13 J'ue 7 124 Jau 16 20 2-4 .Ian 17 28^ Jan 17 2334 IT'i Jiui 13 14 .Iaul2 114 Jau 13 04 4 Jan 10 ' .lau 10 14 Jau 13 23 4 Jau 3 t •25 '3234 10 Xov Xov May Jau •75 14 (Jet 744 Xov Jau Jau 36 72 116 4 10 4 Xov Nov Xov Mar OiiioXov 34 4 Dec Oct 20 Jau 28 Jan 17 4 •-' ;! 21 8 Feb 14 Oct Jan 5 Jan 13 1539 Feb 2934 Nov 3 Nuv Jan 13 20 Feb 90 Jau 12 20 J'ly 4 Xov Fob 22 4 Xov 134 Jan 6 7 35 Jan 3 19 Mai 38 '4 Nov May 13io Nov •30 Jau 11 39 7 '9 No\6 Oct 74 Feb 3 Jau 700 Nov 435 690 Jan 17 Dominion 20 9 / 4 Ian 4 J a 11 2 j 20 Osceola Jan 20 30 J au Parrott(SilVit Copp) 10 34 .lau 14 Jan 20 Phienix Cousol Jan 20 113 Jan 17 Quiucy 20 '4 Feb 1 Jan 6 thode Islanil 20 1,020 14 Santa Fe(Golil& Cop) 10 24 Jan 20 3 Jau 18 235 9 Jau 3 Shannon 10 8,172 7 Jau 30 Tamaraclc 20 601 121 Jan 9 134 Jan 17 3-'4 Jau 13 Feb Tecumseli 20 3,150 Tennessee 20 35 Jau 19 30 Jan 19 13 "8 Fob 1 Trinity 26 7 '8 J an 2 100 United Copper 20 25 4 'an 4 UuitedStates.Miuiug lojb'o 21 Jan 9 '4 Fob 3 114 Jau Unit States (;oal tiiOil "5 3,311' Utah Con (Gold) 2,870 40 4 J an 25 434 Jim 10 6 Jau 13 479 Jau 20 Victoria .. 25 010 Winona .. 20 4,000 11 Jau '2,. 12-''8.laul^. 4 Feb 2 109 Jau Wolvenuo .. 20 lO.i 270 Wyandot .. 20 1^9 J an 9 24 Jau l4 920 Before piiy'toi:aiiac:s:4 incalleiliu 190 1. 'iiidauilaslcod. Aug •75 d:i''i6 ^li" 12 4 27 4 2 :< '05 224 2i) 675 lloyale (Copper). 20 Olil 24 3 22-4 '. '24 Lam Sale 35 ll^R 1 113 1314133 •2'h 4V 479 '.J LastSale 6 4 424 10b 479 t64 Jan26 18 Jan 11 Jan 20 2134 Jau 1;; 32,750 70 Jan 20 7 7 Jau 16 Granby Consolidated. 10 9,739 Greene Consolidated. 10 8,470 25 4 25 4 95 23 i:8 974 Dec 17 4 Feb 37 4 J'ly 43 4 Dec 143 Dec 146 4 Deo 770 1,511 100 100 Guanajuato Consol.. 263, 24 . 038 11 4 24 I'^e 54 1 10 14 178 5;>8 2634 133 Before pay' tofaaseus'tiKlaMod in 1905 114 1 24 3 110 1134 prof "3" ElmDoRiver "'•24 11 '23, 2634 10'4 l»»ia l"ic 26 04 'e Dominion Coal 1 13»8 10734 04 6478 26^4 2 '2 4134 •478 63-4 44 14 124 ii 11 •63 224 10 234 53 14 llO'gX'ov 173 Nov 93 4 Dec 114 Dec iVliscellaneoiis 204 20 4 20 73 4 74=8 03 27 95 Feb 42 65 5'2 '2 44 154 Oct 127 Dec 136 Xov 162 Jan 285 J'ue 142 Xov 57 Dec 88 Dec 175 Apr 24 Jau 80 4 J an 23 4 Xov 199 Oct 163 4 Apr 232 Apr 207 Apr 80 4 Feb 79 4 Xov 73 4 Deo U\ '14 53 1754 Dec 174 Oct 303 4 Dec 34 l'<!4 44 J'ne 114 Sep 52\ Oct 5 Apr 1854 May 159 Aug Dec 242 4 Xov 2 14 44 Jan Jan ^ov 150 4 Dec ». 124 124 II4 12 10'4 107 •134 2 230 158 Feb Mar Aug Apr Feb 7139 Mai 86 4 Mar Feb 160 May 96 4 Jan 25 89 Jan 115 Feb 3 103 Jan 244 Jan 31 164 J'ly l'233s 98'-4 894>rov 22 A.mer Agricul Chem.lOO 1,705 194 Jan 25 22 Feb 3 124Apr 24 4 Deo 90 4 Do pref 100 1.470 86 Jan 3 90 4 Feb 3 71 Jau 87 Deo 434 434 *4»8 50 44 Jan 21 54 Jau 3 34 Feb 63^ Xov Amer Pneu Serv 607 5 •21'-. 214 Do pref 00 50 20 Jan 17 25 Jan 5 17 Feb 2V'. ~.p 142 14238 142 4 1424 AnierSu.gar lielin 101) 3,035 139 Jan 20 144^'4 Jau 18 1224 Eeb 162 4 Nov 13934 1394 140 140 lOU Do pref 707 138 Jan 7 140 Feb ^ 122^. Jan 141 Xov 14441154 14539 140 4 Amer Telep & Teleg.lOO 2,909 1424 Jan 24 148 Jan 4 1194 Feb 1494 X'ov 23 '4 2234 23 4 9 Feb 24 Xov 24 4 Amer Woolen 100 17,434 21 Jan 23 •244 Feb 3 9734 99 99 loo 101) 5,779 924 Jan 3 100 Feb 3 634 Jan 9434 l)f c Do pref LastSaCc 34 3 ^'ov 4 .-^ep Jan '05 Boston Land 34 Jan 2.S 34 Jan 23 10 122 122 122 122 Cumberl Telep & Tel loo 30 1:120 Jan 17 124 J an 6 112 4 Jau 12234 Dec J'ne J84 18Vi 184 19 Nov 17 Jan 24 Jan 74 194 184 Dominion Iron & St 4 5 400 * 634 6 '4 t eb 3 734 Jan U' 74 534 V- Dec 5 4 Jau 64 East Boston Land 25 '2504 202 2504 252 Edison Elec IlUun...lOO 153 25u4 Feb 1 204 4 Jau 24 230 Feb 205 A 11 ^ •1804187 1864 1804 General Electric 100 393 182 Jan 20 101 Jau 17 alOl J'ue 194 Nov 39 39 38 4 39 Mass'chusettsGasCoslOO 1,166 334 Jan 6 39 Jau 3 J6 Dec 44^4 A n ^ 814 814 814 «14 100 Do pref 760 SO 4 Jan lo .SI 4 b'eb 2 7734 Mai 3434 Oct 195 190 * 190 Mergentiialer Lino. .100 60 191 Jan 6 195 Feb - 173 J'nt 200 X'ov 14 Apr 234 X^ov 14 1^ 14 14 Mesican Telephone., .^o 2,805 14 Feb 2 2 Jau 4 • 13734 137 4 137 4 N E Telephone lOo 100 2137 4 Jan 31 140 Jan 6 118 Feb 141 Nov 234 ti 24 * 134 4 Jan com Jan Jau 4 Oct PlantCom t'st stk loo 9 100 24 • 16 8 Oct 17 J'ly 16 Do pref 100 50 10 Jan 6 17 Jan 10 238 240 240 243 Pullman Co 100 471 23 S Jan 3 2474 Jan 13 208 Mar 243 Nov 334 9 Nov 9 64 Jan 9 lieece Button-Hole.. 10 120 84 Jan 12 9 Jan 13 1104 1104 1104 11034 Swifl & Co loo 229 109 Jan 20 114 Jan 5 ^9934 Mar lid Oct Last Sate 2H Jan '05 Torrington Class A.. 25 23 Jan 18 23 Jan 18 22 Dec 22 4 J'ly Last Sale 26 Jan '00 Do pref 25 25 4 Jan 5 204 Jan 16 24 4 Oct 26 Nov 6 Oct Last sal. e 3 4 Jau 6 2 Jan 3 Jan 27 Jan '05 Union Cop L'd & Mj?. 25 10634 106 1064 107 United Fruit lOO 2,634 105 Jan 10 107 Jan 3 95 Feb 113 J 'no 78 784 774 454 Feb 614Dec 78 4 United Shoo Mach... 25 0,980 6134 Jan 3 78^4 Feb 1 3334 34 33-^4 3334 20 1,139 313« Jan 3 344 Jau 27 28 Jan 32 Oct Do pref 1438 6 4 May 204 Deo lOO 144 144 US Leather 520 12 4 J an 9 144 Jan 16 103 4 104 100 Do pref 135 loo 12 Jan It 1044 Feb 1 77 Jau 103 Dec 68 Feb 34 Nov LastSale 564" Ja']i''o5 U S Kubber 1034 10 3479 Jan 4 Jan 100 Do pref 100 26 9379 Jan 5 100 7g Jan 11 40 4 Jan 99 4 Deo 839 May 33 'i5u'4 '304 "3039 '30 =8 U S Steel Corp Deo 100 17,950 2.^4 Jan 20 31 « Jan 16 944 95 95 100 12,194 914 Jan 25 9534 Jau 31 5l4May 95 4 Dec 904 Do pref •50 •75 •674 Apr •65 Jau 25 Jan 13 Jan 20 West End Land too 64J'ue 23 4 Nov 18 184 184 20 West Telep & Teleg.lOO 1,279 13 Jan 17 20 Feb 3 99 99 t^9 9J 100 Do pref 235 97 4 Jan 24 102 Jan 20 76 Mar 101 l;(c LastSale 9«4 Jau'OO Westing El & Mfg... 00 83 Jan 10 904 Jun 19 "7034 J'ne 93 Deo LastSale ys Jau'05 Do pref 50 93 Jan 10 9734 Jan 5 t904Aug 100 Jau •20 "as l'2-'4 '22 »« 22 12 107 O'-'f, 273^ 164 22 i\ .i;137 174 I 6334 22 10 9=54 'ii lJ'4 Mai 64 1 Highest 83 Jan 104 4 2 3 23934 J'ne 254 1584 Jan 5 245 Jan 23 178 Feb 3 171 Jan 6 306 Jan 11 25 Feb 2 724 Feb 172 Feb 130 4 Feb l^6 Jan I604 Jan 19 2t^5 Jan 19 146 Feb 66 Jan 24 ^9 Feb 2 175 Jau 24 154 J an 21 614 Jau 20 244 Jau 5 208 Feb 166 Feb 232 Jan 24 2084 Jan 13 100 Feb 2 804 Jan 19 72 Jan 19 15 Jan IS 55 Jan 13 99 Jan 30 • 7 65 61 64 „. 'il 'i Feb Feb 257 4 Feb 89 103 H 124 2634 1'4 128 1 1'4 IV. Si 26 10 26 '4 203(, 93 93 27 4 27 4 •i'4 2 11 5 267, 3 "a • I »4 438 "2Vi -214 44 4-4 Lowest Jiighest UailroiKlH 89 89 884 884 Atch Top <fe Santa FelOO 5,297 85 4'J^an 10278 103 10234 10234 Do pref 100 807 99 4 Jan 257 257 257 4 257 4 Boston & Albany 100 226 254 Jan 155 15534 1554 I5508 Boston Elevated 100 1,289 a;151 Jan Last Sale 245 242 4 Jan Jan '05 Boston & Lowell 100 176-'*8l77 4 177 178 Boston & Maine 100 719 173 Jan 171 171 Do pref 100 10 171 Jan La St Sale 3Uo Jan '05 Boston <fc ProvidencelOO 305 Jan 20-"=8 25 23 234 Boston* Wor Elec Co 2,781 134 Jan 72^ 714 V14 7134 Do pref... 1,225 63 4 Jan 1R24166 167 172 Cliic JnncKy<fc U S YlOO 7R3 150 Jan 130 130 1304 1304 Do pref 100 429 124 Jan Last Sale liid lf-6 Jan Jan '05 Con<fc Mont Class 4. .100 Last Sale 76'W4 Jau'()5 Conn cfe Pass Rlv pref 1 00 1604 Jan Last Sale 2S.5 285 Jan Jan '00 Connecticut Kiver...lOO 145 116 145 146 Fitchburg pref loo 430 142 Jan 66 i;6 66 69 Ga By<fe Electric loo 70 59 4 Jan 88 89 o9 90 Do pref 100 250 86 Jan Maine Central 100 7 175 Jan "15 4 '15 4 "154 "I'sU Mass KlectricCos 100 715 14 Jan 604 604 HO 4 Do 100 640 58 Jan 604 pre! Last Salt 22 4 Jan '05 Mexican Central 2134 Jan 100 200 2004 2004 20ij N Y N & Hart 100 1,031 10S4 Jan Nortbern N H 100 10 1 65 Jan Last Sale ?52"" Jan"'o6 Norwich & Wor preflUO '"'"14 232 Jan 200 4 Jan 208 208 2u7 '^{yi Old Colony 100 100 99 100 lOo Pere ilarqaette 100 740 79 Jan '80 h6 8'i 85 100 Do pref..., 502 78 Jan Last Sale 70 68 Jan Jan '05 Rutland pref 100 Last Sale 15 15 Jan Jan '05 Savannah Elec com.. 100 52 54 54 64 Seattle Electric 100 145 50 Jan J8 f<9 99 99 Do pref 65 934 Jan 100 121412234 1224 1234 Union Pacific 100 23,765 113 Jan 9759 y'^'E 98 98 Do pref 100 116 9634 Jan 174 17-1 Vermont & Mass 100 13 Il72 Jan 9534 96 9;V'4 West End St 9534 50 163 93 Jan 114 114 114 115 50 Do pref 125 1112 Jan 22 22 Wisconsin Central. ..100 350 214 Jan Last Sale •f3 4 " I>C'c''04 Do pref 100 LastSale 143 Dec '04 WoicNash& Uoch..lOU 1134113 4 4\ *4''8 20 '4 26 '4 94 94 k8 »2V 63 '4 lor Piri'ioui Year (19041 itliiiiii^ 64 2i)U, 62 115 '4 Lowest SJiarei ! 61 61 Range Year lor 19U5 the Week exchange 204 25 10\ AUouez '54 Amalgamated CopperlOO 73 14 73=8 74\ 72 72=8 72 72^8 H.^i LastSale 70 Mar'04 Amer Gohl Dredging 6 • I2I4 124 11 12^4 1134 11«4 • 12 •11 12 Am Zinc Lead & Sm. 20 26 Vj 26 Vi Anaconda 20 iJj Arcadian 134 -14 13-1 14 -7513* * 14 -7514 -14 l-'4 134 *iVi 25 -75 -76 LasiSalt •75 J an '05 Arnold 20 17 S 17 17 174 1714 174 17 4 Xl"^ 174 174 xl7 17 20 Atlantic 311^ 3L 314 3238 3'234 33 3234 32'4 32 4 32-'4 324 32 7t Bingham Con Minct S 00 ••70 70 '75 75 -75 •70 -To ••,0 -75 •70 -75 ^70 Bonanza (Dev Co)... 10 534 •0 6 6 6 6 s-'i <iH, 6-8 64 74 74 BostonConC&G (rcts)£l 675 680 075 680 680 630 6S0 680 675 680 675 68') Calumet & Hecla 25 Lastsalt 2L> *..... -. :^oV01 Catalpa (Silver) 10 I8I4 1878 1534 18-'4 IS '4 IS 184 1734 Id 16 !cSi.i Centennial IS 25 *7 7 8 La lit Sale S4 Jau'OO Central Oil •7 8 8 25 •37 37 -38 -37 •37 -38 •38 -38 •38 -39 •38 ^38 Cons Meicur Gold... 5 Last Sale i5 4 Jan '00 Coutiueutal Zmc 25 67 '4 6778 69 67 Vj 67 V! 694 68 70 63 68 6878 t'9-4 Copper Range Con CulOo •16 15 15 4 16 15'4 15 154 15 4 15 163s 54 1 5 4 Daly- West 20 20 2'J Sange Sales of boston stock Friday Feb. 3 2 H5 •65 19 stockjs Tliursday Feb. 884 89 8834 101 14 102 305 31 70 145 65 88 8734 Feb. 1 •245 305 •305 Wednesday Tuesdaii Jan. 31 Jan. iO Weekly and Yearly Record, Daily, 6 Deo 4^iiy 35 4 Nov 02 41'"'' 6 a, 3 I'eb J'ly 3 4-''"*' 45 34 4*''3l' 2 '4 Jau 50 J'ue 9 4 Feb 53 Fob 21-3, Feb l--,0 ,so 00 1 94 Deo 2 Nov 114 Deo 67 4 Nov 6 Aug 24 Nov '1 29 4 Dec 98 33 4 t5 Fob 125 Aug iMtt) 14J'"t 3 3 ''J X)'-'i M«y 140 80 20 J'ue ;jl 3j •>-'4 6 18 44 -Nov 6 ilar Nov 43 '4 Deo Mai 13 4 Nov Mai Jau 28 Jan Nov 47 Nov 63|j Nov 12 30 2 f, 69 50 Nov Xov Nov Nov Nov Xov Nov Nov 4 J'ue '4 Deo '4 Fob i:^^-VNov Jan lU Nov Feb 3 Nov E.iLrights. aEx-div.ifc right*. — 6 5 Feb. Boston Bond Record. 19"5.] 4, BONDS BOSTON STOCK EXCH'GE I Week Enddjq Feb i; Price Week's Friday Range or Feb 3 Last Sale 3 Ask Low Bid Am BeU Telephone 48 1908 J-J J-J Am Telep & Tel coU tr 43.1929 M-S as Nebraska Ist 78.. 1908 Atch Top <fe S Fe cen g 48. 1995 A O J'lyl995 Nov AAlastment g is Boston Elect Ught Ist 68. 1908 MS 102=8 10276 102^8 964 Sale 95 4 . 1924 1907 1944 1905 Improvement 4a.,.. Bostife Mon3di.sBue78...1904 Boston Terminal 1st S^as. 1947 1918 Bur <fe Mo Riv ex 6s 1918 Non-exempt 68 1910 Sinking fund 48 Bntte & Boston 1st 6s. ...1917 Ist 78.1916 Cedar Rap & Mo B 1909 2d7s Cent Vermt Ist g48..Mayl920 OlUcBnrl & Q extend 4s. 1905 1919 Iowa Div Ist 5s Consol 58 Boston & LoweU 4s Boston <fe Maine 4H8 t ' i ; r ' 1919 Iowa Div Ist 4s 1913 Debenture 58 1922 Denver Exten 4s 1927 Nebraska Exten 48 1921 B& S Wsf 348 1949 Illinois Div I3S Joint bonds See Gt Northern Ohio Jo By & Stk Yds 5s .1915 CoU trust reiundingr g 4sl940 M.S FA A-0 M-N & W Mich gen 5s 1921 Mont cons 4s.. 1920 Conn Pass R 1st g 4s. ..1943 Concord cfe <fc 1927 Current River 1st 5s Ist 4s... 1946 Det Gr Rap <fe 1913 Dominion Coal Ist 6fl 1906 Eastern let gold 68 1915 Fitohhnrg 48 1927 48 rremt Elk & Mo V let 68. . 1933 1933 Unstamped 1st 6s ©tNor O B <&Q coll tr 4s 1921 Registered 48 1921 W 110 110 Feb'04 99^8 Jan '02 101 Mar'03 1124 Jan '03 117 117 113 1124 Dec '04 112 10034 Sep '04 9934 Dec '04 1004102 12914 100 129 4 Sep '04 , 11714 113 82 O-F 82 100 107 Sale J.J A-O A-O M-N 101 F-A 100 IOOI4 105 100 M-N MS J-J 98 96 J-J 107 AG 99 1912 A-O Cons Ist 4s Mara Hough&Ont 1st 6a.l925 A-O Mexican Central cons 48. .1911 J-J 993, 1064 994 Jan '05 Dec '02 Dec '04 964 964 lOS Jan 107 9934 100 lstconsinc3s 104 105 99 4 100 4 '05 100 125 4J'ly'04 123 4 Apr '04 108 Jau'ti.1084J-an'05 9934 10734 Sale 10734 103 103 10 M-S 100 14 Sale 100 Sale 10034 904 94 1053^109 97 100 12434 125 4 123 4124 4 100 108 1014 100 1054109 1034104"^ 1024103 137 137 65 90 1004 9 i:^8 137 9934 9334 9038 Note— Buyer pays accrued interest in addition to the purchase price for all Share Prices— Not Miyadmi Jan. SO Saturday Jan. 28 *8434 86 103 103 844 86 *!03 103 103 37 373i, 184 184 374 38 134 13 14 13^8 184 184 Wedne.-iday Thursday Feb.l Feb. 2 133f 63 5s 1915 1905 1905 1924 Old Colony gold 4s Greg By & Nav con g 4s.. 1946 1922 Oreg Sh Line Ist g 6s Repub Valley 1st 8 t 6s... 1919 Rutland 1st con gen 44s. 1941 Rutland-Canadian 1st 4sl949 Savannah Elec 1st cons 5s.l 952 1930 Seattle Elec 1st g 5s 1918 Torrington 1st g 5s NY&N Eng Ist 78 J'eb. '. i No price 22^8 Dec '04 IGSs Nov'04 75 J'n6'03 584 76^^ 13 25 16 95 94 96 100 100 Dec'04 Dec'04 FA 97 F-A 106 M-S J-J M-N M-S 109 M-N 11120 Sale FA 109 11944 £0% 7138 102S!» 102 1054105 V 103 4 Jan '05 104 1044 10134 63 Jan '05 ii"i4!"r. 1114Dec'04 1024 41034 98 1[91 latest bid Daily, and asked. 1114112=8 . H Flat piloe. Weekly, Yearly Hange /or Year 1905 Sales the < 16 10234 Apr'03 104 4 Sale J-J J-J J-J ; 100«8 1051a 16 94 115% 20 1004113 1024 Sep "04 1054May'04 M-S M-N F-A Friday 1084 96 ;S 104 a 91 100 ^1214 119334 1013» 10441044 10141014 1204121 1034103^ 102 Mai'02 97 Jan '05 105 4 105 4 107 Peb'03 104 Nov'04 98 1024 100 100 121 J'ly '04 103 4 Aug'04 102 103 102 10241044 1044 J'ne'04 111024 Jan '05 J-D F-A -i V 10241024 93 974 10134 1024 95 J-J J-J 118 6^8 1024 Dec'04 A-O of Ranae tor Freviout Year (1904) Week Stocks see below) 3 118 Apr '04 1064 1064 BR&lgr g4s.l947 1911 conv 48 United Fruit conv gen 58. 1911 U S Steel Corp 10-60 yr 5s. 1963 West End Street Ry 4s 1915 1914 Gold 44s 1916 Gold debenture 4s Gold 4s 1917 Western Teleph & Tel 5s. 1932 Wisconsin Cent Ist gen 4sl949 Wisconsin VaUey 1st 78.. 1909 " Mav'04 74 Aug'04 1st lien Boston Bonds. J'ne'03 103 103 1st 6s (For Bonds and Inactive J'ridaii i Year 1904 1024 Ang'04 F-A A-O A-O 1908 A-O ACTIVE STOCItS I'er Centuiii I'rice* 7'uesday Jan. 31 J-J J-J Exchanges— Stock Record, Philadelphia and Baltimore Stock 102 118 74 J'ly J'ly Union Pac 10734 Jan '05 Jan '05 99'-' 100 95 Jau 05 139 139 100 100 98 4 10541084 1024 Apr '04 1114May'02 A-O 13812 A-O 138^ Jan 1939 Jan 1939 1294 lid cons inc 3s Feb'OS: Mich Telep cons 58 tr rec.1929 "73"' '82" 824 13 Minne Gen Elec con s? 5s 1929 Sep '04 1929 994100 New Eng Cot Yarn 5s Jan '04 1906 New EngTelephOs Feb'04 1907 1004 1004 6s J'lie'Oi Bantje Ask Low High yo Low High 1910 J-J Illinois Steel deben 5s 1014 i an '05 96 1004 Non-convert deben 68... 1913 A-O i024 8al6 1024 1024 9334 101 la FaUs cfe Sioux C 1st 7s.. 1917 A-O 1284 J'ne'04 123 1284 Kan C CUn<fe Spr Ist 5s.. .1925 A-O 101 Jan '05 97 10038 Kan C Ft S & Gull Ist 7s.. 1908 J-D 108 1034 Jan '05 1074110 1928 M-N Kan C Ft Scott cfe M Cs 1254 Jan '05 117 1254 1934 MS 98 98 Jan '05 KanCMifc Bgen48 92 964 1934 MS 94 94', 9434 Assented income 5s 9434 81 94, Kan C&MRy&Brlst 5sl929 A-O 1034 103 Jan '05 1024104 10534 Jan '05 KanCStJo&CB Ist 7a. .1907 J-J 106 1084 LB&FtSmidgr Ist7s...l905 J-J 1004 Nov'04 1004101'* 1204 Sep '04 Maine Cent cons Ist 7s... 1912 A-O 1204 122 128 J-D 108 "^ 1094Mar'02 J-D 1124 Jan '03 A-O 10 L Jan '05 A-O 101 Sale 99 99 99 A-O J-J Q-J 97 Week's Kanrje or Last Sale Friday Feb 3 Bid J'ne'or J-D MS M-S MS 110 9788 1025a 87 "9934 112 J-J J-J J-J 9734 100 884 971- 117 1044 Apr '00 M-N 1904 109 96 4 J -J F-A 21 35 Feb'04 110 BOSTON STOCK EXCH'GE Week Endenq Feb 3 Year Ho Low High 10234 j-r> Ch MU <fe St P Dnb D 6s.. 1920 J-J 1251, Ch M <fc St P Wis V div 6sl920 J-J 12434 Chic & No Mich 1st gu 5s. 1931 M-N 108 Chic Hiijh 595 BO.NDS Hani))' So 100 >8 Sale 100 100 4 97''8 97 Qlh 974 110 Oct '04 Atcli ' OJ Shares Highest Lowest Highest Lovjest Baltimore 86 104 19% 204 384 3334 *134 134 *85 *103 19 *84«s 374 38 13 4 374 384 134 14 1334 *85 86 1044 10334 11)44 IM l'J3g 19 4 854 Consolidated Gas 100 Janll Jan 19 Jan 13 354 Jan 11 13 Jan 19 84»4 •1(144 105 Northern Central 50 1334 19 Seaboard Air Dine 1 00 3734 374 Do pref 100 143g United Ry & Eleetric. 50 14 330 103 8,673 4,173 1,732 16 864 Jan 574 Jan 3 104 4 Jan 4 1434 J'ne 71 204 Jan 31 394Jan 4 7 J'ne 1334 J'ne 534 J'ne Jan 4 Deo 86 1094Deo 194 Nor 40 Not 1541>e«! ,J Pliilndeipliia *484 264 264 "4 734 7't 15 14 lO^s 16 1034 16^4 16 583^ 48 4 483f, 107 107 58 584 108 58 OS 4 i>H 6S5i8 48 107 684 6838 414 •41 41 10 10 25 4 10 8 109 8 15 1058 5334 684 693, „ 69 41 10 41 41 10 104 24 ''8 26 4334 44 M 2434 4534 4534 46 464 44 59 44 59 444 4438 59 59 Bid 50 50 50 61 Elec Storage Batt 100 Preferred 100 ©ermantown Pass 50 Harrison Bros pref... 100 Indianapolis St 100 Inter Sm Pow & Chem.50 Keystone Telephone ..50 Preferred 50 Keystone Watch Case. 1 5334 54 10=8 15 48 1094 594 5^16 691-46 414 41^4 10 104 244 25 44l4g 4638 46 4 47 45 454 59 59 108 Atl City 1st 5s g '19.M-X Balls Ter 1st 5s 1926. J.D 50 484 49 American Railways 50 25 4 25'% Cambria Steel Lake SuperiorJ.lOl 74 74 Consol 100 144 144 Do pref.t 10=8 11 '34 Electric Co of America 10 15 15 Gen Asphalt interim ctfs.. 47=8 48 Do pref interim ctfs.. 1034 109 Lehigh Coal & Nav 50 594 59 ^j Lehigh Valley 50 100 54 54 MarsdenCo 6934 704 Pennsylvania RR 50 414 414 Pluladelp'a Co (Pittsb) 50 10 104 Philadelphia Electric. 25 244 1:5 Phila Rapid Transit J . 50 404 4734 Beading 50 •4634 47 Do Ist pref 50 Do 2dpref 454 46 4 50 50 58"a 584 Unlou Tracton 108 108 4 United Gas Impt 50 *22 25 WeisbachCo 100 . Bid 10 50 Westmorelanil Co:il....',o Betide St«el Gs 1938. Q-F 45" 48" Peo Tr stk tr ctfs Elm <fe Wil 1st 6s '10. J-J Eq II Gas-L 1st g 53 1928 <& Indianapolis Ry 4s. 1933 Interstate Rys 3-3 4-4S 1943 F-A LeliighNav 44s '14. Q-J RRs 4s g 1914. Q.F Gen 4 4s g.l924.Q-F Leh V C 1st 5s g '33.. J-J LehV ext 4s 1st 1948. J-D M-S 2d 7s 1910 Consol 6s 1923 J-D Anuuity 6s J-D Gen cons 4s ad-lnt ctfs. Leh Trac Ist 4s '29. J.D A'ewCon Gas 5s 1948 J-D Newark Pass con 5s 1930 Y Ph & No 1st 4s '39 J-J Income 48 1939. ..M-N No Penn Ist 4s '36.. M-S Deben 68 1905 Penn gen 6s c 1910. .Var Consol 63 c 1905... Var Consol 5s o 1919... Var M 63 "3' 24 Steel. Seash.50 93 H & B Top con 5s '25 A.U North Pennsylvania. 5i' Penn Gas Coal 5;' Pennsylvania Salt 50 Pennsylvania Steel.. loo & 91 102 Elec 78 MlnehiU & Schuyl H..5() Nesquehoning 5(i Preferred lOu Phlla Co (Pitts) pret...5( Phil German & Norris.5( PhUa Traction 60 Railways General...!. 10 Snsqueh Iron & Steel. Tidewater Steel io Preferred Id Unltod N J RR <fe C. ioo Unit Pow & Trans 25 United Trac Pitts 50 Preterreil 50 Warwick Iron <fc Steel. lo 102^4 10234 V 47 100 1004 273 Bid ani aaked prices; no N 474 163 101 MN 274 I 65 92 sale.') I 1013.1 Ex Imp iio"' P 107 4 89 .\I J-D 48 g '47. A-O M ot '32 48 10934 11434 1104 110 1184 127 iV834 128'i 1504 151 9934 W& B U Lowest 13 llts4 106' 10'2 4 Un Rys Tr ctfs 48'49J<feJ U Trac Pit gen 58 '97 J-J 1144 1930.J-D Inactive Stocks Atlanta & Charlotte. 100 Atlan Coast Line BR. 100 Atlan Coast L (Conn) 100 Canton Co 100 Georgia Son & Fla...l00 1st pref 100 2d jpref 100 G.BS Brewing 100 Mt Vernon Cot Duck Unit Elec L & P pref .50 Pot 5s 115 AU& Chl8t7.. .1907 J-J 1014 ib34 Atlan C 109 Atl Coast L(Ct)ctfs 58 J-D Ctfa of indebt 43 J-J 112 Bait L ER48l9o2M.S BaltCPas8l8t58'llM-N Fnndg 5s. 1916 M-N Exchange 34s 1930 J-J Refunding 3 4s 1952 J-J 116 ex-<liviuend. "i Ei.. rights, r ^15 paid. Oct 51 26*% Dec' 94N0T X 644 13a 734 t Jan 17 Oct 19=4 Ry G El 5s '99 M-S Charl C <fe Aeit 68. '09 J J 1910A-O 2d 7s City cfe Sub Ist 58. .'22 J-D Oity& Sub(Wa8)l8t5s'48 Col&Gmv Ist6s.l916 J-J (Jonsol Gas 6s... 1910 J.D 1939 J.D 5s cfe Alal8tcon5s 112 100 83 116 66 Georgia P let 6s. ..'22 J-J GaSo & JTa Ist 58 1945 J .J G-B-S Brew 3-4s 1951M-S 2d income 5s 1951 M-N Knoxv Trac 1st 5s '28A-0 LakeE El Ist gu5s'42M.S Mt Ver Cot Duck Incomes Ist 58. N&O P 1214 122 4 Npt General .-js....1941 M.S 321 316 924 94 36 65 94 J'no Bid Ask 93 94 10534 1163^ 111 124 "004 iV5'** 6034 304 30 MetSt(Wash)l8t5s'25FA 150 97 22 '45 J- GaCar&Nlst5sg'29J-J 99 75 10 8 9 49 60 Bonds & 4 May 4 125 BALTIMORE Anacostia .Tan 43 J'ne 18 4 May B.\LTIMORE Chas Ga<fe 124 110 99 s f 5s 3'il6 Jan 10 28 103 4 10334 75 754 col tr 48 '21. J-J nalt&PlatOsiul'll A-O Penn & Md Steel con 6s Bait Trac 1st 5s. .'29 M.N Pa <fe N Y Can 78 '06. J-D No Bait Div 5s 1942 J.D Con 5s 1939 A-O Convertible 5s. '06 M.X A-O 1014 Con 48 1939 ib84 Cent'lRycon3sl'.K!2 M-N Penn Steel Ist 5s '17 M-N '43 Extit Imp 5s. 1932 MS People's Tr tr certs 48 Chaa City Ry 1st 5s '23 J.J V Co lst& col tr 5s'49 M-S 1104 111 ou lUia day. 21 Ask Bid Rochester Ry con 68 1930 U Trac Ind gen 5s'19. J-J . 1084 1094 luo '37.Jjr Terminal 5s gl941.Q-F Welsbach 1084 1911 Feb 3 Jan 14 May tlS^Dec Feb 114 Nor 5 4 J'ly 144 Nor 20 Aug 44 4 Nor 62 4 Jan 1314De« 3334 Feb 594 Deo 24 Mar 4 4 Nor 554 Mar 70 Deo 37=8 May 43=8 Oct 5 May 104 Deo 8 Jan 19 Nor 187,927 SO'^gJanlS 4734 Feb 3 19 4 Mar 41 4 Deo 274 4534 Jan 14 47 Feb 2 38 Mar 46 Deo 2,863 42 Jan y 464 Feb 3 28 Mar 42 4 Deo 1,029 58=8 Jan 16 69 Jan 5 4534 Jan 594 Deo 4,021 105 4 Jan 6 109=8 Jan 14 81 May 1 03 Deo ConM 6sgl9H....JD Con 107 4 107 88 M 7s 2634 Jan 3 49 254 Feb 2 64 Jan 20 P & E geu M 5 g '20. A-O Gcu M 4s g 1920., A&O I'll & Read 2d 5s '33. A-O 1264 Cou io2" 48 601 13 Jan 26 1534 Jan 4 3,153 104Jan25 114 Jau 4 1,068 10 Jan 9 174 Jan 27 2,584 40 4 Jan 7 49 Jan 26 2,144 105 Jan 25 IU4 Jan 3 26,085 5 2 4 Jan 9 594 Jan 19 534 Jau 17 3,110 47ioJan 3 22,630 07 4 Jan 25 70 4 Feb 3 4,146 4034 Jan 25 42 Jan 14 3,172 9=8 Jan 11 1038 Jan 14 9,520 11734 Jan 4 ?2G Jan 20 PHILADELPHIA Ask Berg&EBrw ist 6s'21 J-J 1st 5s '16 J-J 320 1,258 1,336 PliU Elec gold trust ctfs Tru.st certUs 4s Choc* iCe Ist 5s 1949 J-J 113 Ch Ok & G gen 5s '19 J-J 1094 4 Col St Ry 1st con 5s 1932 14 Cou Tracol N J Ist 5s. '33 E & A 1st M 5s 1920 M.N 114 u Brothers Little Schuylkill * 15 474 108 1081^4 Che & D Can Con Electric. 5 West Jersey 104 PHILAJJKI.PHJA 62 Steel... <fc 734 715i6 69 10a4 10334 484 25 4 25 4 74 Al Val E ext 7s 1910 A-O AmRyscouvos 1911. J-D 64 _ Iron 69 4 25 444441316 Ask Coke. 100 100 Oonsol Trac Pitts 50 Preferred 50 DanvUle Bessemer... 14 Preferred 535 *4-84 Bonds Cambria Iron & 4 404 414 10 104 1085b 1083^ 10 N Haven 107 41084 68»8 59 684 Amer Iron & Steel BeU Telephone Ut 154 154 474 474 16 110 6 American Cement Blaston 144 10=0 474 484 luuctive Stocks Diamond State 8 14^8 1034 734 5I4 PHILADEI.i'HIA Central Coal Preferred 484 484 254 •25=8 54 10834 109 25 25 1(J9 104 B'lfl 254 264 4334 444 4313i84313i6 4534 464 464 464 43JB18 «3l6 444 444 59 59 584 59 254 4S4 4S4 254 a;-'54 734 1434 15 10\ 164 10»8 16 48 107 484 484 20 4 26 4. 1064 10634 10534 101=8 118 120 91 92 1st 58'38 M-N 75% 754 294 30 liO Norfolk St lat 08 '44.. J-J 108 North Cent 4 48 1925 A-O J-J 63 1904 J-J Series A 5s 1926 3-J Series B 58 1926 Pitt Un Trac 58 1997. J J Poto Val Ist 5s 1941.. J-J SecAvT(Pitts) 6s '34 J-D Sar Fla .fewest 5s '34 A-O 884 Seaboard AL4sl950A-O Seab <fe Roan 53 1926.J-J 1104 A. 53.. Bound Ist South UEl L&P Ist 4 48'29 M-N 9b\ Un Ry <fe El Ist 43 '49 M-S 96^4 64 J-D Income 4s 1949 Va Mid 1st 6s 1900-.M.S 2d series 6s 1911. ..M.S 113 3d series 63 1916.. M-S 4th ser 3-4-68 1921. M-8 6th series 58 1926. M-S Va (State) 33 new '32. J-J Funddebt2-3sl991.JJ N C con 63 1914 J-J West WesVa CAP 1st 6g'll J-J Wll & Weld 5s.. 1935. J-J Reorganization certs. $3 assess't paid. 4 89 96 0534 544 116 9634 97\ 1154 11141 ;i'i4 117 i $20 paid. THE CHRONICLE. 596 and Irttrestmtttt j^^jj^P^Q^j-j [Vol. lxxx. l^ailr^atl Iwtjelligewcje* * GROSS EARNINGS^ The following table shows the gross earnings of every StFcAM railroad from which regular weekly or monthly returns can be obtained. The first two colnmns of figures give the gross earnings for the latest week or month, and the last two columns the earnings for the period from .0uSy i 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. 2'lie returns of the street railways are brought together separately on a subsequent page. Latest Gro.is BO ACS or Week Month AJaQt Southern. 31 wk Jan N O <fe iexasNO&Noliast. Ala July 1 Earnings Current year Previous Year S 58.057 S 56,073 to Latest Current Year Date ! 8t wk .Tan wk Jan 1.725,229 38,000 24.000 27,000 W 1 <it. i AClGtMiG-lTES WEEKLY SUMMARIES Oct week Nov. week Nov. week Nov. week Nov. week Deo. week Dec. week Dec. week Dec. week Janweek Jan. week Jon. 4th week l8t 2d 3d 4th Ist 2d 3d 4th l8t 2d 3d (45 roads). (4') roads). (49 roads) (50 roads). (52 roads). (50 roads). (48 roa'ls). (48 roads). (48 roads). (14 roads). (47 roads). (43 roads). OF GUO.NS Current Year Previous Yar 14.297,971 s>,480,183 9,475,7«6 9,765,176 13,338,073 8,976,t(32 9,021,499 8,927,835 12.958,401 Week or Month Current Year $ 1,852,123 t'iU'iiic l8t Isc ROADS Previous Year 43,000 1,270,549 1,296.534 739,397 667.050 25,000 780,511 753,010 26.000 wk Jan HI Vtc I 378.292 November 35,738 32,601 2«,453 1,104,021 1,128,640 3a wk Jan AtchTop AS Fe. December. 8.235,182 6.035,716 34,615,087 35,812,269 317,857 306,092 1,570,955 1,428,567 Atlanta & ; liar.. November 507,345 336,375 87,994 59,968 Atlantic * B!r... December Atl Coast Line... December 1,981,518 1.872,388 10,504,820 9.677.108 72,330 67,582 15,054 13,069 Bait* Ann SI... November Decemiier. 5,412,259 5,189,279 34,544,733 34,415,551 Balt& Ohio 902,082 8 17,957 Banpor & Aroosi November. 174,108 142,252 5.515 27,821 36,946 5,682 Bellefonte Cent'] December 22,835 4,644 3,867 20,848 BrlrtRt ASaco U. November BuflRoch* fittir 3d wk Jan 144,599 109,000 4,606,248 4,369,937 576,253 519.692 95,575 86,255 Bultalo &Snsq... December. 877,355 106,861 113,165 825,841 Oal <te North w'n. December 64,300 49.900 2,282,000 1,877.700 Canadian North. 3d WK Jan Canadian Facliic 3d wk Jan 750.000 625,000 29,427,021 27,000,488 181,400 187,200 5,996,960 5.473,146 Cent'l oi; Georgia 3d. wk Jan Cent'l of N Jersey uecemr>er 1,888,603 1,754. 8 3u 11,372,189 11,139,615 72,845 1,670 2,260 63,260 Chattan South'n. 3d wk Jan Chesap & Ohio... December 1,721,082 1,578.929 10,458.404 9,649.563 ChloA Alton Ry. eo ember 1,017,987 948,505 6,881,465 6,077.716 131,005 127,519 4,386,734 4.854,342 Chlo Gt Western 3d wk Jan 88,703 86,273 3,151,297 3,056,776 ChioInd&L'v... 3d wk Jan Chlo Milw & 8t f December. 4.183,830 4,168,007 26,621,382 26,203,657 December. 4,441,871 4,214,381 29,589,106 29.227,288 ChicA North Chic St P M & O. December. 1,067,627 1.055.514 6,500.133 6,458,251 870,277 27,896 25,431 919,108 Chlo Term Tr RK 3d wk Jan Otn N O & T Pao. 3d wk Jan 126,057 115,343 4,085,469 8,761,401 eceiuber ,0U5,394 1,697,237 12,141,288 11,070,132 CI Cln Ch & St L. 269,40V 263,968 1,527,521 1,546,016 Peoria <fe Eaat'n D.Ticember. 133,292 114,749 3.550,179 3,589,240 Colorado & South 3d wk Jan 95,916 21,115 94,440 18,603 Cel Newi) & Lau. Novenaber. 267,133 44,514 42,035 240,627 Copper Range... November. 24,094 3,259 4,269 36,711 Cornwall November 100,915 21.788 116,833 17,009 Cornwall &Leb.. November Deny. & Rio Gr... 3d wk Jan 297,900 286,500 9,864,916 9,805,377 488.198 78,419 490,403 82,583 Det& Mackinac. December 27.891 874,641 918,489 26,214 Detroit Southern. 3d wk Jan 47,106 40,27i< 1,490,654 1,505,928 DalSotih&Atl.. 3d wk Jan Erie December 3,753,903 3,412,611 23,752,536 23,846,773 3,132 18,367 15,959 3,326 F'rchlld&N'r'e'n December. 40,882 3.3,519 7,957 6,580 Fannv & Powhat November FtW&L>envCity November 256,723 237.136 1,099,159 1,272,942 December, 213.072 211,891 1.294,608 1,250,390 Georgia RR 877,721 858,067 Qa South <fe Fla.. December. 157,148 153,819 35,843 57,437 QllaValO A N.. October... Gr Trunk Systenj 3d wk Jan 597,222 523,681 20,311,156 20,377,549 92,463 2,759,162 3,007,211 GrTr. West'n 2d wk Jan 102,114 DetGrH&M.. d wk Jan 32,146 27,924 840,049 348,649 Great Northern. December. 3,506,284 3,061,781 23,219.607 2,951,287 Montana Cent'l December. 204,013 208,782 1,186,232 1,08'2,098 Total system. December. 3,710,297 3,270,563 24,405,839 24,033,385 33,769 1,046,956 1,050,748 Gulf<S3hlpl8land 3 a wk Jan 34,511 Hocking Valley.. 3d wk Jan 104,781 107,184 3,566,936 3,525,309 Ulinoia Central.. December. 4,493,103 3,806,150 25,870,603 24,032,382 150,273 106,238 25,316 21,690 Illinois Southern DecemOer 173,591 136,685 868,371 777,759 Ind 111 <fe Iowa... December Int <fe Gt North'ii 3d wk Jan 100.96b 11JU743 3,685,134 3,636,970 106,143 113,575 3,172,132 3,1'24.070 tlnteroc(Mex)... 3d wk Jim 4>;,979 47,761 1,467,333 1,354,8851 3d wit .)an Iowa Central 30.200 22,936 993,910 951,056 Kanawha &Micli 3d wk J^u Kan City South'n December. 008,663 602.427 3,375.496 3,286,311 438,492 2,645,763 LakeErie&Westn Docember 442.190 2,770,983 Lelilgh Val RR.. -\ovember. Z 5b3,821 2,251,849 15,804,115 15,256,163 40,123 234,514 288,799 Lexiue <fe Kast'n. December. 39,406 Inc. I tie. 35.642 Long Inland December. 247,959 4ri.03G 409.803 312,888 Louisiana &Ark. December 67,662 Louisv <te Nashv. 3d wk Jan 742,465 751,410 21,622,141 20,1)45,024 13,050 73,617 73,302 Macon & Birm... Decembtr. 13,610 .'"),H02 34,187 37,332 Man'teecfc(ir. i-,;,p Novemiier 4,282 165,265 153,521 Manih <te No ICaa Novejbber 25,039 26,356 40,327 Manistiquo 5,819 47,450 December 4.627 22,118 173, 35 169,628 Maryl'd i'enn.. December. 23,372 tMexicanCeut'i.. December .2,213,551 2,166,362 12,469,926 12.51.8,048 JMexican Iitoru. November 566,074 605,029 2,750,266 2,773,911 (Mexican Ry Wk Janl4 113,500 119,400 3,161,00(1 3,030,400 592,.»>88 569,781 JMexlcanSomh'ij 2d wk JaL 20,426 24,500 ilillen it So'w'n. December. 27,402 5,124 40,8y9 6,347 Mineral Range.. 3d wk Jan 322,306 11,787 385,089 11.816 Minneap A fat L. 3(1 wk Jan i,4'-;o 1,728,403 1,744,660 52.241 Mo ICan <fe Tex:!."- 3d wk Jaii 338,04i 365.446 11,861,000 10,636,649 Mo Pac & Iron M 3d wk .Ian 705.000 795,001) 24,509,833 24,184.933 Ceutrul Brancli 3it wk Jan 896,000 1,078,000 26,000 41,000 Total 3d wk Jan 730,000 836,000 25,405,833 25,262,933 Ala <fe Vlc'ksbV' VloUeb Sh 6i i\ Allegheny Valley Ann Arbor Latest dross Jiamings Inc. or Deo. 9 13,989.402 8,758,879 9,093,461 8.794,167 11,473,957 8,373,471 8,3(i2,002 8,288,087 12,476,020 7,18(;,66'J 6,7.10.80(1 7,365,01>- 7,621, (;!)6 7,479,872 7,328,114 MStPA; 8 StM. 3d wk Jan Alob Jack At K C. Wk Deo 31 MobUe& Ohio. 3d wk Jan Nash Ch 2d wk Jan Ht L {Nat'lRRof Mex 3d wk Jan 155,022 Julv Previous Year 1 to Latest Current year $ 119,534 8,138 133,7e8 194,656 220,782 14,354 Dat* Previous Year 5,071,348 246,597 4,373.018 195,756 131.824 4,.591.060 4,297,015 165,791 5.524,434 5,385,624 <fe 221,638 6,270,454 6,268,863 14,089 123,433 Nev-Cal-Oregon December. 112,392 3 93'^ 3,397 13,797 Nevada Central.. November 17,031 HudRiv December 6,893!934 6,443,525 42,100,406 41,209,41tr N N YOnt<Sfc West. December. 544,523 467,380 3,659,468 3,466,634r N Y Susq & West December. 231,606 228,001 1,306,126 1.268,660 Norfolk <fc West'n December 1,997.213 1,826,155 11,811,440 11,383,3311 Northern Centra December. 825,540 824,240 5,409,854 5,270,154 Ncrth'n Pacltic.. December. 4,263,618 3,799,120 27,886,40? 26,533,845 16.773 15,817 93,375 Ohio Rlv& West. November 93,687 489,029 450,017 2,821,334 2,666.543 Pacific Coast Co November ePenn— EastP&E December 10097675 9,228.175 61,449,518 62,471,118 Inc. 7 61.200 Inc. 63 0,800 eWestP&E... December. Pere Marquette.. 3d wk Dec 232,049 199,934 6,472,243 5,615,050 PhilaBalt&W'sh December 1,102,203 1,126,203 7.030.738 7,025,838 Phlla& Erie November 701,188 620,166 3,625,038 3,607,324r Pittsb C C & St I December. 2,120,894 1,872.156 12,490,445 12,718,976 4.247 21,007 5,086 20,08a Raleigh Fear November Readiuf? Railway December 3,201,588 2,787,531 18.171,251 17,663,96* Coal&lrCo... December 3,681,643 2,906,794 16,887,204 15,720.950 Total Both Cos. December 6,883,231 5,694,305 35,058,455 33,384.898 115,272 105,518 575,376 558.249 Rich Fr'ksb & P November 61,379 56,143 206,898 Rio Grande Jot,. October... 226,058 273,677 8,545 265.263 Rio Grande So. 9,855 3d wk Jan Rock Isl'd Sys. .November 4.132,406 3,911,772 19.499,912 21.086,343 1,349,228 1,329,489 Rutland RR..., Decembtr 95,io6 99,413 558,260 583,066 St Jos&Gr 1... November StL&San Franj; November 3,610,405 3,090,720 17,184,400 15,723.488 129,572 163,290 5,161,750 4,508,323 St L Southwest .. 3d wk Jan StLVan&TH.. December 211,868 194,202 1,793,908 1,277.431 Seaboard Air L.. November 1,154,815 1,057,121 5,463,521 5,056,557 730,622 671,211 Southern Ind December. 121,557 105,999 So Pacific Co 6... December. 8,413,350 8,646.601 49.470,133 49,881,284 Southern Rallw'v 3d wk Jan 915,418 908,415 27,502,081 25,567,028 Terre & Ind . .". December. 164,135 165,829 1,145,085 l,098,09(i 331,439' 70,414 60,032 366,112 TerreH&Peor.. December. 14,941 15,176 522,586 479,413 Texas Centra! . . 3d wk Jan Texas & Pacific.. 3d wk Jan 248,149 242,202 7,613,882 7,234.201 17,100 17,800 56,200 51,200 TexS .. October.. 59,231 2,362,733 2,167,120 56,556 Tol & Ohio Cent 3d wk Jan 30,909 758,111 23,816 743,549 TolP&Weet.... 3d wk Jan 59,341 56,803 2,166,506 1,837,179 3ii wk Jan TolStL& 12,024 9,934 361,891 332,481 Tor Ham &Butt. 2d wk Jan Un Pac System .. December 4,982,246 4,956,338 31,533.368 29,991,386 41,665 50,740 298,543 341,491 Virginia & So W'n December. Wabash 4thwk Jan 620,257 564,042 16,558,024 14,038,142 Jersey <fe Sea'c December. 244,574 243.974 2,532,206 2,535,706 96,226 65,940 2,640,218 2,638,434 Wheel & 4thwk Jan 11,522 77,938 77,284 13,419 Wm'sport&N.Br. November 531,289 504.948 3,530,731 3,448,563 Wisconsin Cent.. December 16,731 18,621 103,698 90,379 Wrightev«& T'n.. December. Yazoo & MiB,'>. V. December. 1,029.178 846,215 4.629,323 4,028,711 8,041 YC& &C . H VAN W W W LE VARIOUS FISCAL TXAES Allegheny Valley Atlanta & Charl Air Lane. Jan, . Atlantic & Birmingham... Bellefonte Central Chic St P Minn & Omaha. International & GtNorth'n. Lake Erie Western Manistee & North Eastern. Mani.stique .Maryland & Pennsylvania. tMe.xican International .. . . & ;Mexican Railway {Mexican Southern Missouri Pacific Central Branch Total JNational RR of Mexico N orthcm Central ePennsy., East of P & E cWestof Mar. Dec Jan. Jan. Jan. Jan. Jan. Jan. Mar. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Ian. P&E Pere Marquette PhUa Baltimore & Wash. . Philadelphia cfc Erie Pitts Ciu Chic. & St Louis. Rio Grande J uuct ion St L Vandalia & Terre H Terrc Haute & ludianap ... Terre Haute & Peoria . . . Texas & Pacific West J or.sey & Seashore Current Year Period Jan. Jan. Jan. Jan. Jan. Jan. Dec. Nov. Nov. Nov. Jan. Jan. to to to to to to to to to to to to to to to to to to to to to to to to to to to to to to Previotu Year Dec. $60 2,656 30 30 $2,720,469 $2,490,064 31 59,968 87,994 74,072 31 57,276 12,055,269 Deo. 31 11,480,169 301,767 288,350 Jan. 21 Nov. Nov. Dec. Deo. Deo. 31 4,970,992 5,218,728 341,513 381,576 Nov. 30 70,007 83,412 Dec. 31 272,254 273,197 Dec. 31 Nov. 30 6,311,873 6,494,465 273,600 230,500 Jan. 14 42.111 39.001 Jan. 14 Jan. 21 1,991,000 2,182,000 109,000 64.000 Jan. 21 Jan. Jan. Deo. Deo. Deo. Dec. Deo. 21 21 31 31 31 21 31 Nov. 30 Dec. 31 Oct. 31 31 Deo. Deo. Deo. Jan. Deo. 31 31 21 31 2,055,000 2,2!» 1,000 672,226 621.664 10,288,448 10,310,348 118145194 ii2626394 43.900 Dee. 11.804.806 10,906,028 13,603.549 .3,649,849 7,095,703 7.215,330 24,108,605 ;4,599.S20 542,741 514,786 400,078 489,882 337,247 344,146 132,6(i5 104,340 724.979 700,^64 4,307,658 4.260,558 EABtIN aiVGS— WccKly and. MoutUly. P. C- MONTHLY SUMMARIES +309,569 2-21 Month Jan. 1904 (127 rds.) +721, .304 8-23 Month Feb. l;»04 (129 rds.) + 382,325 4-20 Mouth Mar. 1904 (125 rds.) +971,009 11-04 Month Apr. 1904 (127 kLs.) + 1,864,116 lC-34 Month May 1904 (128 rds.) + 603,361 7 21 Month Juno 1904 (108 rds.) + 059,497 7-89 Month July 1901 (125 rds.) + 639,74,- 7*72 Mouth Aug. 1904 (122 rds.) +482,384 3-87 Month Sept 1904 (124 rds.) +455.869 6-77 MontU Oct 1904 (124 rds.) -258,77^ 3-39 Mouth Nov. 1904 (124 rds.) + 151,758 2 07 Month Dec 1904 ( 67r(l3.) Current Year Previous Yar Inc. or Dec 121,307,020 127,083,582 —5,776.562 118,44.5,889 116,448,815 +2,997,074 —75,823 133,218,211 133,294.034 132,433,290 136,783,139 —4,349,849 130,935,613 134,660,386 —3,724,773 —928,684 113,351,491 114,280,175 132,242,621 139,712,.599 —7,469,978 +734,020 145,292.493 144,558,473 151,475,024 147,338,536 +4,136,488 159,732,959 154,758,622 + 4,974.337 154,304.117 140,909,476 + 13.394,641 59,429,656 55,069,547 + 4,360,109 currency, b Includes the Houa A Tex. Cent and Ita subald. lines In both yeara and for both periods. t .Mexican operated, g Includes the Chicago & Eastern Illinois in both years. »- P.O. 4-66' 2-60 006 318, 2-771 081 5-35 0-51 2-81 3-21; 9 -511 7-93' Covers lines directly] 1 Feb. . — > . — . . THE CHKONICLE. 4, 19U5.J Latest Gross Earnings by Weeks.— For the third week January our statement oovers 48 roads, and shows 2-07 per cent increase in the aggregate oyer the same week 5!)7 , of last year. 3d week of January. 1905. Previously rep'd (32rdB) AtttDama Ot. soatbein.. Central of Gteor^la Ohattanooga soatbem. Ohio. Term. Tranefer Oln. N. U. & Texas Pao. Detroit Soatbem Oalntli Bo. Sbore OoU & & Atl. BhlD Island Mineral R»n«e... MobUe dbOMo Texas Central............ Total (43 roads) Net increase i207 p. e. 1904. Ineretut. 6,816,486 58.0S7 181,400 l.«70 27.896 123.057 27,891 47.106 34,511 11.816 131.824 15.178 6.681.030 56.073 187,20J 2.2«0 25,431 115.343 26,2)4 40.278 33.769 11.787 133.788 14.941 354,(547 7,479,872 7,328,114 379,223 161.758 ... . Dterecuz. 219,111 1,984 5,800 590 2,465 10,714 1.677 6,828 1,964 237 . January. teeek of 1905. FrevlouBly rep'd 42 rd's) 1 Alabama Oln. N. O. Gt. Soatbem.. & Texas Pao.. Mexican Railway Mexican Soatbern Toronto Ham. & Buffalo. Total (47 roads) ,.,.„., Net decrease (3-£9 >>. 190 i. $ 9 7,039.686 57,631 124.741 113.500 20,426 9,934 7,300,825 7,365,918 7,624,696 Inereate. *•-. 139,526 3.389 11,036 113.705 119,400 24,500 12,024 227,455 400,665 412,729 258.778 Net Earnings Montiilir to Lffitest Uatea,— The table follow shows the gross and net earnings of Stbam rallroade reported this week, A full detailed statement, Including ail roads from which monthly returns can be obtained, is glvoF Mice a month In these columns, and the latest statement n this kind will be found In the Chbonioi-e of Jan 21 18C5, The next will appear in the Issue ot Feb. 26, 1905. • Ing — Gross Earnings. — Road* Atlantic ' I & Blr.RR.aDec. Current Previous Tear, Tear^ S S Net Earnings.—— Current Previous Year . M. b.Dec. 8. July 1 to Dec. 3i..., ash. ('h..-fe8t .b. Deo. July Ito Dec. 31..., I 735,761 631,982 4,639,G9«) »f^6.41t 4,0j>4,818 6,18i,t06 853,219 5,011,118 Year, $ $ 265,281 257,786 def. 8,345 83,722 542,592 534,527 30,427 64,313 544,523 467,380 112,087 59,170 3,659,468 3,466,634 1,155,993 857,818 231,606 228,001 81,407 98,378 1,306.126 1,268,660 470,701 494.396 1,997,213 1,826.155 753,169 f85,938 11,811,440 11,383,331 4,799,322 4,663,886 825,540 824.240 125,298 141,298 10,288.448 10,310,348 2.459,437 2,336.637 Llnesdlreotlyoperated JEi»8t0fPltts.AE.Dec 10.097.676 9,328.175 2.590.137 2.203,537 jjan. Ito Dec. si. ..118145191 122626394 36,342,252 37,853.352 «8iof Pitts. diJS.Dec. Inc. 761,200 Ino, 666.20O Jon. Ito Deo. 31 Deo. 743,900 Inc. 1.246.700 Phil. Bait. & Wash.bDec 1,102,203 1.126,203 233,150 263,150 3,814.021 4,031,221 aiourande South. bDec. 44,179 40,795 24,932 17.407 July Ito Dec 31.... 246,365 242, '^46 122,937 105,515 ISonth. Pao.Co.a..Dec 8.418,350 8,646,601 2,976,015 3,156.495 July 1 to Dec 31. ...49.470,133 49,881,284 17,294,778 17,022,745 3,916,072 July 1 to Dec 81-.- 24,929,833 23,019,090 Mobile AOhlo.a.. Dec. 714,428 665.495 July 1 to Deo. 31. 4,224,418 3,925,884 Cin. N.O.&T P.a.Dec 603.509 52?,597 July 1 to Deo. 31.... 3,719,710 3,429,930 Ala. Gt. South. a.. Dec 311,613 272,557 July Ito Dec. 31.... 1,680,661 1,564,202 Ga. South.&Fla.aDec 153.S19 157.148 July Ito Dec. 31 877.721 858,067 Toledo AO. Cent. a. Dec. 315,299 293,^47 July 1 to Dec. 31.... 2,183,597 1,998.671 DnloaPao. Systa..Dec 4,982,246 4,956,338 July 1 to Dec 3i.... 31,633,868 29,991,386 W.Je'-sey * ee-ieh.bDec. 244,574 248.974 Jan. 1 to Dec 30 4,307,658 4,260,653 Wisconsin Cent'l. fo Dec 531,289 504,948 July 1 to Dec 3i 3,530,731 3,448,563 ^rlghtsv.A T«nn.bDec. July 1 to Yaz^io Dec 3i A Mlss.Val.a.Dec Dec 31..,.. July 1 to xl8,621 X103,698 Xl6,731 x90,379 1,029.178 846.215 4,629,323 4,028,711 1,279.405 1.147.083 7,610,545 6.877,784 268,017 226,312 1,454,428 1,272,720 141,163 125,189 859,407 766,153 64,442 54,582 823,423 362,993 46.640 47,802 230.558 219,770 67,828 31,796 664.492 502,748 2,445,634 2,428,875 15,214.711 14,184,467 df.21,989 df.33,989 1,049.516 945,916 168,136 150,314 1,311,502 1,216,825 6.636 5,018 37,992 22,749 441,866 348,240 1,489,346 978,963 a Net earnings here given are after deducting taxes. b Xet earnings here given are before deducting taxes. d Net. after deducting taxes Is $116,170 and 898,852 363,026 2,464,340 206,651 1,435,302 22H,890 2,127.628 222,02% 1,360,628 for 1904 and 1903 respectively for December and $810,882 and $792,186 from July 1 to Deo. 31. I Houston & Texas Central and Its subsidiary lines are Included. ] These figures Include results on the Buffalo & Allegheny Valley for period Division In both years. M Including other income, total income (exclusive of results of ooal companies) for Deo. is $903,694 In 1904, against $622,639 In 1903, and for period from July 1 to Deo 31 is $3,860,769 In 1904. against $6,074,276 In 1903. Deductions from total Income for additions and Improvements were $61,951 in December, 1904. against $57,666 in 1903, and from July 1 to December 31 were $749,576 in 1904, against $34\9991n 1903, x Includes $430 "other income" for December this year, against last year and for period July 1 to Deo. 31 $2,390 this year. against 82,574 last year. $391 Interest GharsreR and Sarplns. — Int., Pentals, etc. — -Bal. of Net Eam'gs,—, Current Previous Current Previous Year. Year. Year. Year, Roads. $ $ a.tlantiod(Birm Dec 14.392 7.542 11.821 7,755 July 1 to Dec 31... 87,225 87,958 74,647 68,544 Buffalo *8'squeh,.Dec. 15,101 *36,eoo 12,239 •59,325 July 1 to Dec 31..., 107,955 *190,449 73,745 •207,274 Ulev.Oln.Ch.ASt.L Dec. 266,434 308.247 454,121 77,227 Joly 1 to Dec 3i..., 1,847,370 1,855,686 1.935,711 1,068.835 Peoria AEast.. ..Dec 44,581 44,588 46,492 10,766 July 1 to Dec 31.... 267,482 267,476 159,418 98,762 Den. A R.Grande. _ Dec 316.449 332,925 1243,675 1186.842 July 1 to Dec 81 2,076,874 1.998,732 tl,777,035 tl,b24,463 aul. So. 8h. & Atl... Deo. 90.641 83,641 *df 15,880 *df.S3,303 July Ito Deo. 31.... 567,134 531,850 -df. 89,970 •Qf 63,941 Georgia BR Dec •28,462 a'51.415 a51,S79 •12,264 July 1 to Dec. 31.... a313,914 a308,878 *118,726 •99,172 Gulf & Ship Isl Dec. •22,924 25.450 20,406 •30,273 July 1 to Dec 31.... "100,181 147,467 117,600 '252,499 ndlana I11.& la ...Dec. 23,439 22,874 33,607 8.060 July 1 to Dec. 31 142,058 137.242 117,403 18,282 Eanawbadk Mich.. .Dec 19,880 20.541 *df.7,686 -dM9,711 July 1 to Dec 31.... 120,238 •4,941 •9,610 123.401 & Moriah— Oct 1 to Deo. 31 LoulsrnaA Arban.Dec. L. Champlaln July 1 to to Dec. 31 33,881 28.974 1,055 deM,463 <ehlKh Valley KK.bDec. 2..'i83,S20 2,251,849 88^2,213 s323,844 July 1 to Deo. 3i 16,804,115 15,256.163 s6,549.i64 s5,853,99i «xln»?'n &£aRt.b. Deo. 39,406 40,123 12.0S0 11,036 July 1 to Dec. 3i .. 234,514 288,799 67,633 62,373 -ong Islandb Deo. Ice. 35,642 Inc. 36,035 July 1 to Dec. 3i... Inc. 247,959 Inc. 197.663 ouls'na & Arkan .aDeo. 67.662 48,039 24,081 7,661 July 1 to Deo. 31... 4G9.803 312,SU8 160.287 65.016 [Ineral Range b. Dec. 65,932 46.784 13,102 def.4,188 July 1 to Dec. 31 , 350.243 290,219 107,531 32,276 1 .8t.P.&8. Year. $ Cham plain & Morlahb— . Ont.A West.aDeo. July 1 to Dec. 31... «. V. Sns. & West.a Deo. July 1 to Dec. 8l... SorfolkA West'n.b.Dec. July 1 to Dec 81... Northern Central bDeo. Jan. 1 to Dec 31 87,994 507,345 .. . N. i Year « Oct Net Earnings. ^ Current Previous Oct 1 to Dec. 31.... July 1 to Dec. 81 — 59,968 26,213 15.297 July 1 to Deo. 3i... 336,376 161,878 106,502 A.tlant Coast L.a.. Dec 1,981..'^18 1,872,388 798,635 700,845 July Ito Dec. 31... 10,504,820 9,677,103 3,768,322 3,509,695 Baltimore & A.nnaponft Short Llne.a Not. 15,054 13,089 5,428 4.845 July Ito Nov. 30 .. 72,330 67,562 24,428 22.823 3aaalo<&S'aqiieb.a Deo. 95,575 86.255 31,134 32,171 July 1 to Dec. 3i 576,253 519,692 203.834 192.372 3anartlan Paoiflo.a Dec. 4,562,142 4.264.815 1,662,669 1,581,14^ July 1 to Dec 3l.... 27,152,022 24,906,488 9,144.748 8,668,044 Jent.of Geortrla.i Dec. 996,523 926,891 325,023 3)8,246 July 1 to Dec. HI 5,484.080 4,922,996 1,701,085 1,282,329 Jhesap. 4 Ohio. b.. Dec. 1,721,082 1,578,929 615.278 481,!S95 July I to Dec. 3i... 10,458,404 9,619,563 3,945,547 8,333,973 Jhloago <b Alton. a. Dec. 1,017,987 305,6R7 948,605 337.343 July 1 to Dec. 3i... 6,881,465 6,077,716 2,524,338 1,999,961 3hlo. Gt. West'n.b.Dec. 662,186 685.208 188,232 189.586 July 1 to Deo. 3 4,000,938 4.461,902 1,300.713 1,281,081 Dhlo. M. &8t. P. a. .Dec. 4.183.830 4,168,007 1,687.827 1,707,369 July Ito Dec. 3l....2ti,621,382 26,203.657 10,603,994 10,255!096 Jhlo.Ter.Transr.b.Dec. 125.120 131.878 49,790 33.C98 July Ito Dec. bi.... 789,800 842,93* 292,133 320,495 JLOln.Ohl.&St.L.bDec. 2,C03,394 1,697,237 720.505 385,473 July 1 to Dec. 31.... 12,141.288 11,070.132 3,783,081 2.924,521 Peorla(b£as'n..b Dec 269,402 263,968 5S,35» 91.073 July 1 to Deo. 3i... 1,527,621 1,546,016 426,900 866,23 loior'do &8onth.b.Dea 550,061 469,838 dl36,047 dl20,229 July 1 to Dec. 31... 3,203,889 3,273,493 a930,145 d927,280 Den.&Rio Q'de b...Dea 1,447,717 1.237.888 681,105 511,183 July 1 to Deo. 3i... 8,982,116 8,988,077 3,782,431 3,543,957 >ul. Bo. 8h.<St Atl. b.Dec. 207,113 190.925 72,328 54,772 July 1 to Dec. 3l... 1.3ai,502 1,387,536 469,933 463,774 irle.a Dea 3.753.903 3,412.611 965,771 733,395 July 1 to Dec. 3 ... 23.752.536 23,846,778 7,378,282 6,832,720 JeorglaRR.a.. Dec. 213,072 211.891 61.055 62,970 July 1 to Deo. 3i .. 1,291,808 1,250,390 413.039 274.770 lulJ & Ship Isl'd.a.Dec. 164,571 155,537 47,801 49.679 July 1 to Dec. 3i... 946,150 946,255 213,977 364,162 lllnolB Central... a.Dec. 4.493,103 3,806.160 1,627.651 1,127,424 July 1 to Dec. 31 .23,870.603 24,032,382 8,784,703 6,361.835 ind. 111. & lowu.a Dec. 173,591 136.685 57,046 30,924 July 1 to Deo. 31... 868,371 777.759 259,461 156,524 Umawha&Mtnb.a Dec, 138 396 136.672 11,660 334 July 1 to Dec. 31 .. 905,740 883,863 121,660 129,487 Can. city Bonth.a .Dec, 608,663 602,427 202,856 211,614 July 1 to Dec. 3l... 3.375,496 3,286,311 1,017,784 901,3X9 i. Sew London Northernb— Southern Rail way Syst.— Southern Ball w. a Dec 4,239,515 Deereate 4.074 2,090 153,951 Year. Roads. Jan. 1 to Dec. 31. ...13,603,549 13,649,8*9 "8,900 n.K Year. •* $ 54.2il2 Gross Earnings. — —Current Previous Pennsylvania— 742 29 For the second week of January our final statement covers 47 roads, and shows 3 39 per cent decrease in the aggregate from the same week last year. 2d , "Mineral Dec 31 Range ... Dec July 1 to Dec. 31 .. Vashv. Ohat.*8t. L.Dec July 1 to Dec. 31 . 863 694 11.350 68,100 9.446 56,680 150.502 903,014 10,204 56,554 9,696 68,709 149,682 898,289 •511 •df. 5,022 •16.680 *df.729 •17,891 •103,781 *3,80S *df.l3,781 •51,560 •df.26,096 72,443 56,149 462,339 532,288 New London Northern— tr. Oct 1 to Dec. 31 July 1 to Dec. 31 Y. Out. & West. Dec. July 1 to Dec. 31 orfolk . . & Weflt'n....Dec. July 1 to Dec. 31 '{10 Grande South. Dec. July 1 to Dec. 31 69,953 125,093 g32,254 gd66,379 315,397 1,810,379 17,H33 1C9.0J3 T .Jlerto & Ohio C»<n. Deo. 37.772 July 1 to Dec. 31.... 226,807 62,222 •de.62.485 •de.22,515 125,597 •de.82,998 •de.48,931 2,874 49,8 33 S'j6.296 789.614 515,603 g3 12,215 418,047 437,772 267.891 1,589,019 2,988,943 3,074,867 17,<?33 10.^.074 39,.570 238,014 •7,099 •16,939 •31,715 •463,088 •def.428 'def.342 •df.l,129 •319,768 THE CHRONICLE. 598 — f—InU, Rentals, etc. Previous Current 144,774 875,662 Current Previous Tear. Tear. ('Balance Sheet of Jan. SO, 1905 This company owna a majority of the capital stock of the Atlantic Coast Line RR. Co., namely, 121,962,10) of its |43,. 980,000 common stock and $1,061,790 of its $1,736,700 pre. ferred stock; also sundry other sesurifcies as shown below. It will be noted that the company now has a profit and loss surplus of $17,324,953. hwe beeen favored with the balance sheet of Jan. 20, 1905, which we compare with that of June 30, 1904, and that of June 3), 1903, as follows: BALANCK BHSBT. June 30, Juni^ 30, Jan. 20, $ $ 144,709 873.438 $ WlBConsln Central.. Dea Jnly Ito Dec 31..., Atlantic Coast Line Co. of Connecticat. -Bal. of Net Eam'gs.—. Tear. Tear. Heads. / . *12,012 *27,840 *455,653 *370,914 After allowing for other Income received. ^, ^. Tliese tigureB are after allowing for other Income andf ordlsoomit and exchange. The sum of $10,000 Is deducted every month from Burplus and placed to credit of Renewal Fund. aCharges here Include road-rental (paid by lessees) and other deductions. . , ^ These are net charges after aUowlng for other Income received. * t We K Street aailwaj Net Earningrs.— The following table glvea the returns of Stbekt railway gross and net earnings received this week. The last general summary which we furnish once a month, and in which we bring together all the roads from which monthly returns can be procured, was given Jan. 28, the next will be given Feb. 25. ,— Gross Earnings. , , & Hud. RK.a Dec. Current Previous Current Previous Tear. Tear, Tear. Tear. Other bonds Auburn & 8yra. Eleo. b — Oct Ito Deo. 31.... 11,604 21,199 51,461 59,187 30.025 67,113 135,232 149,852 July 1 to Dec. 31.... Olnolnnati Dayton <fe To11,624 13,315 38,939 37,300 ledo Traotlon.b...Deo. 154,578 142,714 327,961 32:1.318 June 1 to Dec 3i Oltlz ins' Rallw'y & Light Co. (MuEcatine, la.)— ^, ^„, 41,484 112,130 Jan. 1 to Dec 3i.... Elmlra Water L'htA RR \i-( Street Bailteay Department only.) 8.798 11,906 42,051 43,122 Oct Ito Dec 31.... 23,112 37,471 105,171 103,723 JoXy Ito Dec 31... Milwaukee Elec. Ry. A , Dec Light Co..b 300,931 Jan. 1 to Dec 31.... 3,218,694 Milwaukee Light, Heat & Traction Co. b... Dec Jan. 1 to Dec 38.242 461,955 31.... „».,.= 274,145 3.030,477 „„ , Ito Dec 31.... 4,308,080 140,1«9 1,503,567 21,140 244,991 14,485 209,882 50,556 50,713 598,874 47,925 49,442 564,977 25,053 262,469 58,227 711,596 13,469 „ 32,584 422,902 Musfeegan Trac. * Lt. Co.— (All departments.) 147,180 150,444 Mar. 1 to Dec 31.... 102,362 111.153 Oakl'd Trans. Con. bDec Jan. Ito Dec 31.... 1,258,135 1,137,041 Bat Fran. Oakland & San 27.462 41.839 Dec joseRy 468.529 Jan. Ito Dec. 31-... 183,592 208,727 Seattle Electric Co. Dec Jan. Ito Dec 31... 2.321,234 2,093,725 Toledo Bowling Green 24,397 ASouth'n Tract.. Dec 279,339 .... Jan. Ito Dec 31.... 359,183 377,650 Twin City Rap.Tr.bDec Jan. 164.868 1,626,231 4,063,938 f/>' Roads. & Syrac. Elec— Auburn Oct Ito Dec 31.... July Ito Dec 31.... Cincinnati Dayton A Toledo Traction Dec Rentals, etc. — 35,643,201 10.500,000 2,586.964 259,062 17,324,953 10.500,000 10.500.000 5,ooo.000 5.000,000 5,000,000 5,OCO,000 „--,•- -"A » o^o oV; 7,863,244 5,6S4,392 249,098 ;^59,063 „ „ 8,544,322 9,224,746 43,539,979 85,648,201 CaDUa"mook Due on open accounts Deposits renew, rail fund Profit and loss surplus Total SKCUBITIES Cui^r'ent Previous Tear. Tear. Tear. S $ 16,299 114,945 16.339 112,519 *5.484 •def.3,313 *i9.919 *34,861 def.2,984 42,069 -- J^ Tra". & Lt. Co. (All dtpartmenls.) 26.000 25,000 31.... Mar. 1 to Dec San.Fran. Oakland & San Dec Jose Ry JaiL ito Dec. 3i.... Seattle Electric Co. Dec. Jan. 1 to Dec. 31.... Toledo Bowling Green & Dec. Sou'hern .U ?f? 122,154 „„ 6,722 25,319 295,473 16347 , , . 230,374 * t 25,566 22,928 13,493 140,315 32,908 416,123 7,747 b Railroad Bonds— d Other Stocks,,^ ^„„ 1^0,000 120,000 Old Dominion Sieamship Co.. Sundry other stocks. *^^*.?i*.tS„ ni'\Y.n 30,000 20,000 WestlDghouse Air Brake Co AbsktbOther _. e „,_ .-. Atl. Coast Line RR. Co. 4 p. c oertfa. at par.. »3.«15,500 Chas. & Westn. Oaro. Ry. Securities i^R'9„2 3S9.200 AU. Coast Line Co. 4 p. c deb. ctfs. at par... Amounts due by corporations o'lir^ 3,57^ Sundry securities —V. companies which have been published since the last editions Street Railway of the Railway and Industrial and This index does not inclade reports in to-day's Chronicle KTC- Central Vermont Olev^. Tenn. & Vallev *«;] UAII.KOADS, *«« 47u *'" New York Key!^l 'lie Teleunone i Lac'ede Gas t.l«ht (statement of fZO Nov. 80, 1904;.. Cons..!, (ills of l.Hhiu'i * Hudson Rivur *'0 Paciric PuckiiiK* NaT. (statement 471 of Doc. \.',l» i). lM(,ttsbur«h Urewiiit; ^"."/n JJO *"" Texas Central Western Mar ylind (statemeut 01 •, Oct. 31, 1004) STUEKT RAILWAYS.Toledo Railways *L,iuht Toroiilu Hallway 1903. $ $ .1.616,056 Surp' previous year Net profits for the year. ..1,314,748 2,930,804 Total 1901. 1902. $ $ 1,615,474 l.a?8,437 1,187,077 1,507,651 889.106 1,358,347 2,802,551 2,745,988 2,247,453 600,000 564,950 520,400 DeductDividends paid— Preferred (6 p. „„^ 600,000 C.) Common Charged ofl ---• plant aoc'nt.. 285,609 (5)370,515 (4)296,412 (4)293.348 195.228 269,143 216)979 885,609 1,186,494 {^0,616 1,008,976 aco'tDsc 31. 2,045,195 1,616.057 1,615,473 1,238,477 778,257 706,073 670.607 Exp.on new con. Abetter. 329,607 Exp. on repairs andreo'n. 369,815 415,814 443,870 charged to exp. account. 353,970 Total Bal. to sur BALANCE SHEET DEC 1804. 1903. MfK.iuve8t.atC08t.l».745.8:8 13.e66,13J Invest in olh. co'b. 2.'i76,70a 2,6S0.K80 Mercnandise (ash luBur. imlacel.... 1,544,107 ^SSWjtJ 4ti8,791 21«,0»o 2 39.ttW HS.'UI 20^49,249 19,838,955 31. 1908. 1904. C^fo^^^^ Accounts piyable. Dividends accr'a.. 10.CJ..OOO 746.610 ^37,302 150,000 Ues. for dre ins... „ 20''.,*?? 2,0 .5,19 Surplus «*98» i,cie,05fl 20,649,249 19.888.966 Total for the quarterly dividend du, Jan 2 aistiiDuuou "OfjJ^»J„*^»7^„"? oi "''i nainblelothe trustee In oharwo of the 78. p. 822. an index to all annual railways and misceUaneous KTC— 1904. unul J.muwy.-V. dendrwiir^as'^iu i«03this payment was not made is KAILIlOAns, $7,471,094 General Chemieal Company. (Repyrt f(yr Fiscal Year Ending Dec. SI, 1904.J The earnings for four years were as follows: X The check ANNUAL REPORTS. Page. $203,106 79, p. 2204. nor- .lOLh i9u:i reports of steam railroads, street „?"'!:^ 65,751 South Caro. Pac Ry. Co. Ist 6 p. o... $81,600 201,958 Col. New. & Laur. RR. Co. l8t 3 p. c..31«,000 $528,709 261,000 North West. BR. Oo. of 8. C. 4 p. c. ..235,000 c Railroad Stocks50,000 $ W.OOO Wilson & Sammerton RB.Oo Atl. Coast Line BR. Co, 5 p.o. pref. 1,061,700 1,068.692 Ati; Coast Line RR. Co. common.. 21,962.100 21,962.100 $23,080,792 Total After allowing for other income received, Fixed charges Include dividend on preferred stock. Annual Reports.— The following JAH. 20, 1906. . 50,118 318,446 2,756 32,193 123,007 103.010 t78,521 1989,'>77 1,028,681 1,196,310 6,556 78,676 Jan. 1 to Dec 31.... tl04,446 Twin City Kap.Tr.. Dec Jan. 1 to Dec 31....tl,116,195 37,156,664 of Baltia SECURITIES Deposited.— With Safe Deposit & TrustofCo. 1897-1900: def.4,715 27,769 June Ito Dec 31.... Railway Department only.) Elmlra Water L'ht&RR. - (Street •-,,„,,„ to .«i def.'l,567 def. '1.547 13.809 P.^bl Oct Ito Dec 31.... *720 *11,941 24,635 26,272 July Ito Dec 31.... Ry. & Milwaukee Elec. * 134,972 *117.815 75,376 82,072 Dec TJcht Co *697,730 *;76,505 871.254 916,459 ItobeoVbi.... Milwaukee Lt. He»t & ,.«-,,, ,„„,„ *29.751 *33,191 14,734 17,959 Dec Trac Co *70,921 *71,533 168,990 203,731 Jan. Ito Dec 3i MuskeKon 37,156,664 ' -Bal. of Net Earn'gs.s Previous i^ot? 15.217 30,781 OWNED 457 239,973 118,304 45 7,622 more, as eeourlty tor * 10,000,000 certtf. of indebtadness Atlantic Coast Llae RR. Co. 1st con. 4 p. o. $1,150,000 bonds at par Atlantic coast Line RR. Co. of S. C, 4 p. c ........•.....•-• l,5ijO,000 . bonds at par Atlantic Coast Line RR. Co. 4p.c oertf. at par 8,800,000 $11,500,000 9,312 110,869 201,528 207,456 2,144,776 2,185,888 Tear. 32,735 ~ of ludebt, 5 D.o ..... 5.000,000 6,000,000 Cenlflcat'S of In-lebt , 4 p. o Debenture cert of Indebt., 4 p. o . 2.869.000 C Jtiticates 66,465 593,820 Current ,^,„o 16,198 11,500,000 889,946 43,539,979 Total Interest Charges and Surplus. Int., ^ ^ ^ 11.500,000 1,789,946 585,000 16,060,986 691.<01 6,078,867 76,140 135,000 473 237,540 1,309 * 16,079,221 203,106 6,045,572 29.000 133,000 a Net earnings here given are after dednotlng taieo.taxes. dedaoting to Het earningB here given are before / 1903. 1804. c23.080,792 d203,106 e7,471,094 29,000 Bills receivable 135.000 Realestateandbldg, Wash, DC. 6,457 Land 253,078 Investment r<^newal rail fund ... 332,745 Cftsh.. Dividends accrued RaUroad stocks Other stocks Other assets 7,031 93,526 1,443 71,304 21,656 275,339 b528,707 Railroa'l bonds $ 22,716 292,339 Jan. 1 to Dec. 31.... 1905. deposited with Safe $ Devoslt & Trust Co. of Bait. .all.SOO.OOO Assets- Securities —Net Earnings. $ Roads. A.lb'ny — [Vol, lxxx. 438 40U 47l» United States Steel Corporation. SI, 193^ J C Earnings for liacal Year Endng D:e, and flaanoial statement of the Corporation Dec. on hand on orders unfilled its subsidiaries, ending Dae. 6\ (tae 31 and also the earnings for the quarter The following showing the given out was results for Dec. being partly esUmated) ^^^ directors. Tuesday after the regular monthly meeting of the alter arrived at The "net earnings," as here shown, "were repairs, renewals ordinary of cost the month each deducting 1 faxed bondman on int;3re8t and and maintenance of Plants thereeults append companies." subsidiary the charges of 1902. for the calendar years 1%4, 1903 and , We — . Feb. 4, THE CHKONICLE. 1905. INCOME ACCOUNT FOE QUARTER ENDING DEC. 31,1904 (December partly estimated). $21,458,734 Net earnings Deduct— Pinking funds on bonds of subsidiary companies. S468.967 3,916,160 Depreciation and reserve funds iQtereat onU. 8. Steel Corporation bonds for 5,922,850 the qaarter Sinking funds on U. S. Steel Corporatian bonds 1,012,500 fertile quarter p. o.) — $10,138,257 6,^04,919 $3,833,338 Surplus for the quarter UNFILLED ORDEB8 ON HAND. 4,696,203 tons tons tons ions tons tons tons tons December 31. 1904 3,027,436 September 30. 1904 3,192,277 June 30. 1904 4,136,961 March 31, 1904 3,215,123 December 31. 1903 5,410,7)9 March 31, 1903 5,347,253 December 31, 1902 2,831.692 ...» November 1, 1901 NET EARNINGS FROM OPERATIONS FOB TEARS ENDING DEC. 31. January February March First quarter April May June Second quarter July Angusl September Third quarter October November December Fourth quarter Total for year * 1904. $2,869,213 4,540,673 6,036,346 1908. $7,425,775 7,730,361 ff,912,571 1902. $8,901,016 7,678,583 10,135,868 $13.44'>,232 $25,068,707 $10,905,204 12,744,321 12,992,780 $26,715,457 $12,320,768 13,120,930 12,220,362 $6,344,771 6,202,957 6,226,204 $36,642,308 $12,884,647 10,918,174 9,120,134 $12,011,91.4 12,972,'729 $18,773,932 $7,250,204 7,117,418 *7,091.112 $32,422,965 $7,675,141 4,069,901 3,292,140 $36,945,489 $12,652,707 *$21,458,734 *$73,168,824 $15,037,182 $109,171,152 $31,985,759 $133,308,761 $6,863,833 6,256,518 6,370,374 $19,490,''25 $37,662,058 11,930,846 10,6<i6,906 8,646,146 Estimated for December, 1904. INCOME ACCOUNT FOR CALENDAR YEARS. 1902. 190i. 1903. Total net earnings (Eee introauotory remarks $73,168,624 $109,171,152 $133,308,763 Deduct — For sinking funds (bonds of subsidiary oompaDles) $624,064 $1,583,117 $1,598,012 Depreo'n & extingulahm'nt 1 ( funds (regular provision) 4,599, 822 4,834,710 .<, ... qq, J Extraordinary replacement f *^»»'A,owtf < fund (regular provision.. J 9,315,615 9,297, 531 ( Special fund for depreciation, improve' cs and oonstruot'n. Total of abovededuotlon8.$I4,155,010 Balance of net earnintcs $59,01 3,6 14 Also dtduet— U. S.Steel orp., int. on bonds. $23,51 8,293 do do sinking funds... 4,050,000 '. Total interest and sinking fund U. S. Steel Corp'n. $27,568,293 Balance $22,830,296 $18,227,350 $50,795,490 $90,306,524 $31,445,321 : 5.378.838 Bal. available for dlvl'ds. $30,3 10,292 $55,416,652 $90,306,524 $30,404,173 $3=1,720.177 Dividends— $25,219,677 Common. . (21a)12,707,56v! (4)20,332,690 Undivided profits or surplus fori he year & Qaiucy BK.— Bonds offered.— & Chicago City Rj.— Payment for Purchased Stock.— The Trust & Savings Bank, Chicago, on Fob. 2 gave notice by advertisement that more than a mejority of the stock having been deposited under the proposition of Marshall Field, John J. Mitchell and P. A. Valentine, dated Jan. 11, 1905, payment would be made on and after Friday, Feb 8, for all certificates of deposit issued to and including Feb. 2, 1905, on account of the deposited stock.— V. 80, p. 471, 221. Chicago & North Western Uj.— Called Bonds.-Five and six per cent slaking fund bonds of 1879 to the amouat of $135,000 have been drawn for redemption, and will be paid at the Farmers' Loan & Trust Co. at 105 and accrued interest to Feb. 1, 19C5 after which date interest ceases. Statement for Calendar Yeav 1904 -See page 566 jSMmor.s.— See Cleveland Cincinnati Chicago & St. Louis, below.— V, 80, V. 221. Cincinnati Dayton & Toledo Traction Co.— Lease Maiified. —The stockholders on Jan. 26 ratified the lease of the road to the Cincinnati Northern Traction Co. (Vol. 60, p. 472.) on terma stated in V. 79, p. 2795, and V. 80, p. 116. CleveluEd Cincinnati ChiCiig« & St. Loaia Ry. Concentration of Management.— la pntsuAnce of the policy of concentrating the management of the various Vaodarbilt lines in the hands of officials having headquarters in New York, the following changes were made on Tuesday in the management of this company and the Michigan Central: CLEVELAND CINCINNATI CHICAGO & ST. LOUIS RAILWAY. M. E. iDgalls resigned as President and v/as made Chairman of the board of directors. William H Newman, President of the New Yorb Central <fe Hudson Rlf or RB Oo., was elected President. The follow ing Vioe-Presldeiita were also ejected: E V. W. Roisiter, la charge of fluanoe; W. C. Brown, In oharsre of transportation; John Carstensen, In charge of accounts, and G. .J. Qrammer, in charge of tralQj'. MICHIGAN CENTBAL BAILBOAD. H. B. Ledyard resigned as President and was made Chairman of the board ol directors to ancceedChauQcyM Depew, resigned. W.H.Newman wris eleced President. The following Vice-Presidents were also elected: W. C. Brown, in charge of transportation; John Carstennec, in charge of accounting, and G. J. Qrammer, in charge ot traflSo. [Mr. RoBsiter was already a Vice-President The heavy dealings and of this road.] striking advance in prices of the shares of the Chicago that a representative of the Union Pacific interests will shortly be elected to the board of the New York Central Hudson River RR. Co., the parent company of the Eastern system. As to the election of Qaorge F. Baker, eee N. Y. & Central below. 1,135,029 Preferred (7 percent) & & North Western, the common shares having advanced more than 50 points within a few weeks, have been accompanied by rumors of plans for bringing that road and possibly othtr Vanderbilt lines into one system along with the Union Pacific and the Southern Pacific, and 10,000,000 10,000,000 also some persons have suggested with the St. Paul and the Northern Pacific. While there may have been purchases of $25,495,366 $24,774,389 North West, stock for the purpose of concentrating control, $83,675,786 $108,534,374 there is no definite information of any impending amalgamation of corporate interests beyond the unification of the $19,082,796 $15,187,850 3.040.000 Vanderbilt system— at least the Eastern lines— in the manner 3,797,500 above indicated. It is thought, however, in some quarters I Lest Charged oil for deor' elation in Inventory valuai'us and for itd]astmetit of sundry acoounts (estimated) .. Chicago Burlington Co. of New York, and L-'e, Hgerinson Clark, Djdge Co., of Boston, offered and placed this week at lOejj and interest the unsold portion of a block of $2,820,000 Illiuoia division mortgage 4 p. c. bonds, due July 1, 1949.— V. 80, p. 471. Illinois 11,320,477 Balance Dividend for the quarter on preferred stock (1% 599 $5,090,515 $12,304,916 $34,253,657 The corporation's fiscal year corresponds with the calendar year, and complete annual report, comprising general bal ance sheet, financial etatemente, statiatics, etc., will be submitted at the annual meetlnjj; in April, 19D5, or earlier.— V. 80, p. 226, 119. 1904. ...$12,141,287 1903.... 11,070,132 $168,312 $!,935.711 129,806 l,068,8i6 Dividends of 2}4 per cent on the preferred call for $249,962 during each of th« 6 months and dividends on the common (2 per cent semi-annually) for $559, 8C6, leaving a balance surplus of $1,125,943 in 1904, against $259,068 in 1903.— V. 79, $3,961,393 8,054,328 $l,847,;:i70 1,855,686 p. 2698. Colorado & Southern Rj,— Voting Trust Certificates to he Retired Beginning April 1 —Holders of voting trust certificates are Lotified to present them for exchange for stock Co., the agents for certificates at the cffice of Hillgarten the voting trustees, on or after April 1. Not more than 100 echedales will be received per diem. Sea advertisement on another page.— V. 80, p. 472. Coney Island & Brooklyn (Electric) RR.— Dividend Redttcea.— The dividend rate, which ior tbree years past haa been 4 p. c. quarterly, was reduced last week by declaration of a quarterly distribution ot 3 p. c, payable Feb. 1.— V. 79, & GENERAL INVESTMENT NEWS. EAILROADS, INCLUDING STREET ROADS. BaltimDre & Ohio B.K.— Dividend— Earning >i.— The Earnirgs.— The results (partly estimated) for the six months ending Dec. 31 were: 6mos Gross. Net. Charges. Improv'ls. Bal.fordiv. di- rectors on Thursday, upon declaration of the regular semiancual dividend of 2 p. c. on both preferred and common stocks, made the following statement: The net earnings, after providing for the payment of the preferred stock dividend, ehjwed a surplus eqial to S^a p. o. on the common stuck. Borne (llscnssion had been had about increasing the dividend, but the executive committee reoommended the payment of 2 p. c, concluding it would be more conservative to await the earnioga for the entire fiscal lear before deciding upon any Increase.— V. 80, p. 471, 221. p. 2747. Detroit Southern RR.— PZan.— An agreement has been reached with H. B. Holiins & Co., repreeenticg new inter- who will new money into tha pioperty, will be given junior to the present ieeues. plan of recrgacization will be ancounced next week. The Ohio Sou hern bocds will be lelt undisturbed The consols will receive for principal and itterest a new bond ranking like the prcEent coccole. Both classes of stock will be assessed.- V. 80, p. 472. ests, for pi't $2,500,000 ot which a new mcrtgage A Brooklyn Rap!d Transit Q>o.— Application to List— The New York Stock Exchange has been requested to list $5 250,000 additional first refunding mortgage 4 p, c. bonds of 2002, making the total listed $15,250,000, Compare V. 80, p. 471 Fltchbnrg RR.— Bends Ojfered.— President Tuttle will re Buffilo Rochester & Piltsbargh lij.-Q larterly.— The ceive sealed proposals until 10 a m Fdb. 18 for a block of results for the quarter and 6 months ending Djc. 31 were: .A*""*-"" J90* 180o 6 mot. }90i 1^03 ^V. — Orost. STet. $2,077,594 1,856,874 $859,629 744,379 $4,197,083 $1,741,035 1,779,893 -4.0X7,751 owi p. lit)* 0th. income. Charges. Bal., sur. $8,213 8,832 $461,794 404.344 $406,048 348,917 $11,769 25,008 $384,731 812,187 $368,073 9J2,717 $3,860,000 currency 4 p. c. bonds to be issued aa of May 1, These bonds ara isEuad to 1905, and to mature May 1. 1925. replace $590,000 Fitchburg bonds due June 1, 19J5, and also ?3,160,000 bonds already matnred atd paid in 1903 and 19:4 Massachusetts RR. due May 1 namely, $228,CO0 Vermont 1903, and $2,932,000 Fltchbnrg isfute due and paid Marc & THE CHRONICLE. coo 1903, to March 1, 1904, inclusive. Thn purchaser bas the option of paving in full on March 1, 1905, or in instalments.— V. 80, p. 472. Fairmont & Clarbebnrgr Traction Co.— Extension— Bond/i Underwritten. This company owns and operatoa abonn 21 miles of etatidard-gangfl trolley lines extending (1) from Fair- — mont, W. Va., (a) to Watson and (b) to Middletown, and (2) from Clarbsbarg. W. Va., (a) to O'Neil Mine, and (b) to Carbon and the chemical worfes at Q-riPsalli. It also does an electric-lighting bueine!<8, Arrangements have recently been completed for the building of a connecting line 16 miles i* length between Fiirmort und Clarksburg, and for the underwriting by Harvey FIek & Sons of $1,200,000 of firsmortgage 5 p. c. gold bonds, the first to be sold under the $2,500,000 mortgage of 1903. Stock outstanding $80^,000. The company is controlled by intereets identified with the CoDPol. Coal Co. (of Maryland) and its oontroll»"d oompnn'es, the Fairmont and Somerset coal oomparies. A. M. Young, Wm. M. Barnum and Wilbur C. Fiek, all of New York, were recently elected to the board of directors of the railway.— Y. 76, p. 1406. Hartford (Cokd.) Street Ry.—New Sfocfc.—The Connecticut L-^gi-lature has been requested to an horize an increasH in the limit of the capital stock from $3,OJO,(iOO to not exceeding $5,000,000, to provide from tim^ '^o time for extensions, improvements, additions, etc.— V. 74, p. 94, Illinois Tunnel Co, Chicago.— Adddional Bonds —The company has sold an additional $2,000,000 first mort. 5 p c. 1, 1903, and due Dec. 1, 1928, but redeemable at any interest period at 105 and interest interest payable June 1 and Dec. 1 at offiae of Eqnitabla Trnst 25-year gold bonds, dated Dae. ; Co., Chicago. Of the autborized issue of $30,000,000. $15,000,000 have heretofore been sold. The remaining $13,000,000 can only he ia»ned for the purpose of extensions and the acquisition of additional properties. The bonds are secured by a mortgage on all property of the company now owned or hereafter to be acquired. The board of directors is exceptionally strong, including, as it does, the presidents of most of the leading railroads entering Chicago, viz the St. Paul, Atchison, Rock Island, Alton, Western Indiana, C. B. «fc Q Erie, the vice-presidents of the Gould System and of Armour Co, ; also J. Kruttschnitt, director of maintenance and ways of Soathern and Unioii Pacific railways. Compare V. 7v», p. 2796. President Albert G. Wheeler, under date of Jan. 24, says : The company Is the owner of over 25 miles of tunnels or snbways in the city of Chicago, authorized to be need for the traneportattoa of freight, merohaanise, parcels, newspapers and thf< mall. It also owns a complete oystt-m of »utomatlo telephDues, of which over 8,000 have been Installed and are In fall operation In the business district of Chicago. The company has also acquired valuable terminals and warehouses in the heart of the rallroa terminal dlstrlot of Chl(>ago and an admirably located tract as a sire for a power house. The company's tnnnels have been fally oonstrnoted under every street in the bastneas district of the city. The work of equipping with rolling stock and making connections with railroad freight houses, coal yards, etc and with the buUrtlnjts In the district mentioned Is now being vigorously prosecuted. The proceeds ff the bonds now being ..flared will be applied In doing this work and In the acqulslclon of properties for nee in , , & i . the active operation of the company. By meaoB of Its tunnels tha company will be able to transport (a) freight, ere, from railroad stations to business bulldloss and vice versa; (b) bai?gagefrom railroad stations to railroad stations (c) mall matter; (d)merchandlee; (e) parcels; (f)ooal; (g) earth ana other material, In connection with the erection of new balldlogs; (h) ashes and other refuee. etc. The company bas power to extend its tnnnels under each and 4very street and publlo place in the cit.y and also to build an extensive system of trunk-llae tuntiel* of sntfiolent size to oarrv and transfer railroad freight cars. The tcrmioal properties of the compauy are available for the prompt and economical transfer of freight and for the warehonslng and storage of merchandise. The only competition to which the company Is or can be subject in transportation is by means of teams en the surf aceof the streets, where great, congestion prevails coDservatlTe estimate places the toonuge now hanled by tfame in the dlstrlot to be served by the tunnelt already constructed, having an area of 1 >4 square miles, at 1 00,000 tons per day. At present the company is delivering excavated and building material to and from structures in course of erection and extendintr Its telephone syHtem. UudfT its present plans the company will be in a position on or before Jan. 1, 1906. to handle 30,000 tonn per day by means of 7.^ motor locnmntlves and 3,000 tnnnel cars. Th« present average cost of moving this tonnage by means of teams Is ov'^r 7& cents per ton; it Is therefore an ultra-conservative estimate to say that the oompaoy will realize from this tonnage at least (>0 cents per ; A ton, viz.: Total income of «18,000 per day per year of 300 days Operating cxpentea - Power $204,000 Labor, snperlntend'ce.&o. 42<^>,00O Track maintenance :i0,000 Kepalrsanddepreo ati'n. 271,000 Net earnings 1 | Brought forward Insur'oe $5,400,000 $925,000 & oontlngencies.$100,000 I | Total open expense8.$l,025,<ioo t4..S7.'J,0 Deduct— 5 c Interest on $17,000,000 bonds \f I'ayments due to city under terms of franchise $•4^0,000 270,000 Surplus $^,2'^.^,00o estimated net Income from telephone system for 1905. .'^00,000 Add Aggregate surplus $3,755,00v> $2,000,0)0 bon'^la were offered last week in Ciica^o, ii is understooi', at 971.^ and interest, by S. B. Cbapln Co. and Everez & Cj J. B. Ransell C >., ). 68 William S ., New York, are the compmv'rt fincal agents. The stocli of the Tunuel Company is now owned by the Chicago Sabway Co., a mij uity nf woose stock is ownnd by tiae leadit>g arjd mopt prominent financial and railroad interests of the Utilted Spates. Pttrc/iasc of Chicag Dock Property.— For its recent purchase ot projierty from the ChlcHgo D jck Co. (compare V. 80, $2,60i»,000, namely, (1) casb, p. 168.) the company paid $250,000; (2) afisnmptionol $665,(.03gold48 of the Chicago The & ) N & D)ckCo.; (3) [VCL. LXXJL second mortgage on dock property securing 11,585,000 of 4 p. c. Tunnel Company notes, of which $250,000 paid in advance in cash and the remainder maturing in four equal yearly instalments of $333,750 on Julyl, from 1906 to 1909, inclusive. To accommodate the sellers, one-half the property has been leased back to them for five years at $100, 000 per annum, subject to cancellation of the lease on fifteen months' notice.— V. 80, p, 472. Long Island RR.— Increase in Commutation Rates. — The oomrany announces a more or less general Increase of 20 per cent in its commutation rates, which, though higher 'ban on of the suburban lines around New York, are owing to the fact that the heavy trsffia is cona few months in the year while fixed charges con- many nevertheless, fined to tinue unabated throughout the entire twelve months, too low to permit the company to show a balance on the right side of i^s passenger trafifie account. For the year ending June 30, 1903, the average earnings per passenger per mile were 1*422 p. c. while the average cost per pa?8eneer per mile w>is ex'ictly the same, showing no profit at all. For the year 1903-04 these figores were 1*44 cents and 1'648 cents, respectively; in other words the company lost over 1-10 of a oent per mile on the average for each passenger it carried. The increase in rates, it is estimated, will add a little less than $100,000 a year to the company's income, being about ^ne-tbird of the deficit shown by last year's income account. With the increase in rates and the extensive electrification of local lines which has already begun, it <9 expected that the company will be able to show a profit.- V. 80, p. 163, — Maine Central Rtl. Payment of Bonds.— The $600,003 Rit)kiDg fund bonds of 1885 originally 6s and in 1895 extended for teo years at 4J^ p. c. were paid off at the Portland Me. Trust Co. on Feb. 1.— V. 79, p. 2640, Maryland Delaware & Virginia Ry.— In Possesaion.-Oa Feb, 1 this new company took over and begai operating the property and franchlaes of the Qieen Anne's RR. Co., Weems Steamboat Co. ard Chester Riv«r Steamboat Co. Directors: 8 M. Provost, President, and Henry P. Scott of Wilmington; John P. Green. Samuel Rea, R. K. Casaatt, John 8 Qlbbs, Hiram R Burton. Charles H. Tilghman. William H. Bosley. Nicholas P. Bond, Archibald H. Taylor, Samuel Bancroft Jr., Capt. Wlllard Thomson. The Secretary is James R, MoClure; Treasurer, Harlan Q. Pee Qieen Anne's RR. below and V. 80, p. S23— Soott, V. 80. p. 232, 117. Michigan Central RR, Change in Management.— See Cleveland Cincinnati Chicago St. Louis Ry., above.— V. & 79, p. 2744. Muskegon Grand Rapids & Indiana RR.— Coupon Payment.— Coupon No. 35, due Jan. 1, 1904, is now being paid at toe office of Winslow, Lanier & Co. The surplus Sept. 1, 1904, after paying coupon No. 34, was $R.899; the net earnings for the four months, September, 1904, to December, lfi04, both inclusive (December being estimated), were $14,898; total, $18,797; amount required to pay coupon No. 35, $18,750; surplus as of Jan. $47.— V. 79, p. 1832. N^w York Central & Hndson River RR. C ncentration of Management.— See Cleveland Cincinnati Chicago & St. 1, 1905, L'jni8 Ry., above. iVeu) < 'peers —George F. Biker, President of the First National Bink of this city, has been elected a director, to Boston, resigned. Nathan •'ucceed William Bliss of Qailford has been elected a Vice-President -V. 80, p. 222, 117. NorthTH Securities Co.— Appeal in charge of traffic. to Supreme Court.—The United S atee Supreme Court on Monday granted the application of the Harri man-Union Pacific interests for a writ of certiorari to review the decision of the Circuit Court of Appeals, which dissolved the preliminary injanction granted by Jadge Bradford in the lower court restraining the pro rata distribution of the company's assets. The case was set for argument on Fdb. 20, after the causes already assigned for that day. If the Supreme Court sboald affirm the decision of the Circuit Court of Appeals, a pro rata distribution would of coarse follovr shortly, as the latter decided the case on tbe merits; while if Judge Bradford's viewshould bi adopted by it, further delay is exoected to allow the Compare V. 80, p. 118. tablne: of additional proofs. down Ohio River & Western Ry.—iieceu'eriTiip—Bowda.— Tbe receivership referred to last week was made in a suit to foreTrust Co. of close H morteage made to the Farmers' Loan New York, as truetee, to secure $600,00(1 of 50-year 4 p. c. gold bonds, dated Sept. 1, 1903, all of which are outstanding, "ho mortRHtse mado to the Continental Trust Co. of New York, as trustee, to eecure a proposed issue of $2,750,000 five per cent bonds (V. 76, p, 102) was filed, but no bonds have, The plans of Mr. It is stated, ever been Issued thereunder. Appleyard, which miscarried, contemplated the is-uanoe of bi.mds under tiie larger mortgage to take up the outstanding No intereat was overpaid on the defaulted bonds. '•orids. & V 80, p. 473, 103. Pennsjlvunlu RR.— labor Settlement.— It, should be recorded tbat the threatened strike was avoided last week by tne followiug coaipromise taking eftttct as of Jan. 1, 1905: (1) General Manager Atterbury accepted the rroposltlon of P. H. Morrlesey, (1 rand Master of the Brotherhood of Railway Trainmen, on the Jnrc»'V Olty situation, InorCiinlng wages to the staodard rates of Nrtw York hartior, together with other worhlng oondlilons. (2) Mr. Morri(>6ey soiiepted Mr. Atterbury's proposlrion of Jan. 7 as amplltled by the results of the conferences ot the last few days in regard to brakemen aesistlnx the fireman. (3) Mr. Atterbury will put Into Feb. THE CHRONICLE. 4, 1905,] a reasonable time snoh measures of relief not only to the brakemen bnt also to the firemen as have been digongsed and offered by Mr. Atterbury and gaggegted by the committee.— V. 80, p. 163, 118. Pere Marqnette RR Meeting to Ratify Lease, The shareholders will vote Feb. 28 on leasing the property to the Cineffect within 001 & guarantee dividends at the rate of 5 p. c, per annum on the |16,000,r00 common stock of the Pere Marquette, of which 112,854.500 is owned by the C. H, & D. -V. 8u, p. 223. 163. The company has sold to Speyer Co. and Kuhn, Loeb Co. $75,000,000 of the bonds, which will be used in part to retire the following issues Stockton <fe Oopperopolls 58. due Jan. 1. 1905 $500 000 Soathern Paolflo RR. 68, due April 1. 1905 12 449000 Oct. 1,1905 4'045'000 California Paolflo 3d mort. 68, due July 1, 1905 liODS ooo Sdmort. 39, •• " 1 Of 0.000 South. Pao. RR. (of Oal.) 58,oalledatl07^, a9below8tated.2l,470 000 (jaeen Anne's RR.— 5oW.— At tha foreclosure sale on Jan. 27 the property was bid in by Nicholas P. Bond of Baltimore and Henry P. Scott of Wilmington, Dal., for 1480.000, subject to the first mortgage of $330,000. Compare V. 80, p. 228, The amount needed for the refunding of the aforesaid bonds, including the premium of l^ p. c ($1 610,250) on the "stamped" first consols is some $45,000,000. The remain- — cinnati Hamilton & Dayton for 999 years. The lease will 11 Oi Rochester Syraease & Eagtern (Electric) BU.—Stock filed a certificate at Albany claesilyiDg its capital stock into $2,500,000 6 p. c. non-cumulative preferred and $1 ,000,000 of common stock par of shares Classified. $100. No —This company has ; securities issued as yet. Alliance.— Sbs Syracuse Lakeside V. 80, p. 118.-V. & Baldwinsville Ry. in 75, p. 794. St. Lonis & San Francisco UR.Sale of Notes.— This company last year made an iesue of $3,000,000 of 5 p. c. notes, due Sept. 1, 1905, and secured by the entire $4,500,000 each of stock and bonds of the Arkansas Valley & Western RR a 175-mile line extending from Red Fork, Ind. Ter., to Avard, , Okla. A new iesue of $4,500,000 of i}4 p. c. notes has now been created, dated Feb. 1, 1905, and due Feb. 1, 1912, but subject to call at par at any time. These notes are secured by the same collateral as the earlier issue; $3,500,000 have been sold to Blair Co. and will be used in part to retire the aforesaid 5 p. o. notes of 1904, The company is permitted to issue at once not exceeding $4,000,000 of the new notes; the remaining $500,000 cannot be disposed of until $500,000 cash & has been expended on the Arkansas Valley V. eO, p. 164. San Pedro Los Angeles & & Western. Salt Lake Ry.—Last I ' Rail— press dispatch on Jan. 31 announced the laying of the last rail on this company's line between Salt Lake City and Los Angeles and San Pedro harbor. For the present the line includes 90 miles of trackage .over the Atchison.— V. 79. ^ p. 1705. Seaboard Air Line Uj,~A Majority of Stock Assents to Plan,— The consolidation committee, Thomas F, Ryan, Chairman, announces that holders of trust certificates representing more than a majority in amount of the shares other than treasury shares of each class, common and preferred, of the capital stock, have assented to the plan of consolidation, will be received at the Morton Trust Co., New York, or agents, the Old Colony Trust Co., Boston, Mass, and the Continental Trust Co., Baltimore, Md., not later than Feb. 1, 1905. See plan in V. 80, p. 164. Deposits are reported to be coming in quite freely, and it is thought the opposition to the plan is subsiding. Former President John Skelton Williams stated early In the week that he had obtained the neoefsary financial support for a proposfd plan of his own, calling for the underwriting of $5,0C0,000 first preferred stock at 87^, the syndicate to receive a commission of 2^ p. o. on such portion thereof as may not be taken on the same terms by the stockholderp. The plan would provide for an ultimate iesue of not more than $15,000,000 to $18,000,000 of first pref. stock and would avoid the scaling of the present share capital. An investigating committee formed in Baltimore icclude?: C. Morton Stewart (Chairman), Carl Ruhrstrot, James L. Bellman, B, Howard Haman and J. Skelton Williams. This committee claims to hold about $8,000,000 stock. CeitoiQ Baltimore banking houses are reported to have been seeking options on the stock at 223^ for the common and 423^ for the preferred, good until Feb. 10.— V. 80, p. 223, 184. and that deposits Sheffield (Ala ) Co.— -BeincorporaiioM.- This company, incorporated in New Jersey in 1903, with $500,000 capital stock in shares of $100 each to acquire the property of the Sheffield Development Co., including the water-works of Sheffield, the electric light and trolley franchises, etc., has been re incorporated under the laws of Alabama with $500,000 stock. No bonds have been issued. The company has constructed an interurban trolley line between Sheffield, Tuscumbia and Florence, The company also furnishes electric light and power to these three cities and water to Sheffield and to Tuscumbia. President, Henry Parsons, 68 Broad St,, New York; Vice-President, J. W. Wotthlngton, Sheffield, AIp.; Secretary and Treasurer, W. U. Parsons, 63 Broad St., N. Y, Southern P«ciflc Co.— Refunding.— See Southern Pacific BR. below.-V. 80. p. 478, 164. Southern Pacifle RR., California, Etc.— Refunding Mortgage.— Thie company, whose capital stock is nearly all owned by the Southern Pacific Company, has arranged to make a new mortgage to secure not exceeding $160,000,000 "first consolidated refunding mortgage" 4 per cent gold oonds. These bonds will be guaranteed by the Southern Pacific Company and will mature Jan. 1, 1965, with privilege of redemption of all or Buy part after Jan. 1, 1910, at 106 and interest Interest periods January and July. The mortgage will cover substantially all the lines of the railroad company in California, Arizona and New Mexico, and will upon maturity of the existing bonds, for all of which refunding bonds are reserved, be a first lien on the property. Total bondg maturing In 1905 to be refunded • !P4l,462,00O der of the proceeds of the $75,000 000 bonds will reimburse the Southern Pacific Co. for advances made for improvements during the last few years. The bankers announced yesterday afternoon that the entire block had been re-sold. The price is reported as 97>^ and interest. Called floTids.- Company has called all its $21,470,000 stamped first consol, mort. 5 p. c. bonds of 1893, and will pay the same at its office. No. 120 Broadway, on Aug. 1, 1905. at 107>i and interest.- V. 77, p. 1226. ^ Texas & Pacific ny.— Payment of Bonds.- The $2,741,000 mortgage Eastern division bonds, dated May 15, 1875, will mature and be redeemed at par at the Mercantile Trust Co.. No. 120 Broadway, Now York City, on and after March first 1905.— V. 78, p. 3385. Topeka (Kan.) Ry.—Bonds Pwrc/iased.— The American Trust & Savings Banfe and E. H. Rollins & Sons, both of Chicago, have purchased $700,000 of the company's Ist mortgage sinking fund 5 p. c. bonds. The property was entirely rebuilt in 1903 and 1903, and its earnings for 1904 were $218,000 gross, e -p , $97,O0Onet.-V. 76, p. 1303. 1, . Western Marjland U^.— Agreement -Through Coal and Coke Service Eatabliihed.-The report of an agreement between this company and the Baltimore & Ohio, touching the Chesapeake & Ohio Canal, has been confirmed by the signing of a decree in the court at Cumberland, Md., approving the sale by the trustees of the Canal Company of various strips and parcels of land to the Western Maryland RR. Co. for $500,000. The settlement gives the purchaser all right of way necessary for the completion of its road between Cherry Run and Cumberland. An agreement has also been made with the Baltimore Ohio RR. whereby, pending the completion of the line of the Western Maryland between Cherry Run and Cumberland, that company Is given trackage rights between the points named over the B. & 0., permitting the immediate shipment of coal and coke from the property of the subsidiary Davis Coal & Coke Co. to the tidewater terminals of the Western Maryland RR at Port Covington, Baltimore. The first shipment, consisting, it is said, of 14 cars of bituminous coal and 41 cars of coke,was received at Port Covington Feb.^l. The coal and coke traffic was previously turned over to the B. & O, and handled at its piers on Curtis Bay. The shipments by the present route are expected to Increase grad- & j ually until they reach large proportions. The coal pier at Port Covington has an unloading capacity of 4,000 tons in twelve hours. Compare V. 79, p. 2692.— V. 80, p. 473, 468. INDUSTRIAL, GAS AND MISCELLANEOUS. American Ice Co.— PZan.- The plan for the formation of a company has been prepared by the following com- holding mittee, and will be found in full on another page. Committee: John E. Borne, Chairman; William Lanman Ball, Frederick L. Eldrldge, George R. Sheldon, Oaklelgh Thome, wlta Raphael L. Cerero, Secretary, 66 Broadway. "It requires $895,313 per year to pay the preference dividends, and It 'is not believed that the business can under present conditions be expected to earn that amount without unduly advancing the price of the product and thus stimulating competition. The dividends on the preferred stock are In arrears since April 1, 1902, amounting on Jan. 1, 1905, to $2,461,833 (16KP c.)." The committee, therefore, with the approval of the directors, propose to organize under the laws of New Jersey the American Ice Securities Co. with the following capitalization, the shareholders of the present company to be permitted at their option to exchange their holdings on the basis iodioafed: CAPITALIZATION OF PROPOSED AMERICAN ICE SBCORITIES CO. Stock, all or one olaso. In shares of $100 each. Issue limit.. $20,000,000 Of which In exchange lor existing pref. stock (»14,920,200), dollar for dollar $14,920,200 For existing common ($iJ3,871,100) .^100 for $500 4,774,220 In treasury alter exchange of all old stock. 305,580 Six p. 0. debentures payable In 20 years, and redeemable at any time at par at option of company, with such conditions and security as committee may determine. 3,000,000 Of which for 16 13 p. o. of pref. dividends In arrears $2,461,833 Remainder "available for general purposes ofcompany" 538,167 syndicate composed mainly of directors of the American Ice Co., members of the committee, and others having official relations with it, have agreed to underwrite the debentures of the new compafcy to be thus lesued at the price of 70 p. c. of the par value, and have agreed, for a commission of 5 p, c. on the total amount to be underwritten payable in debentures, to purchase at 70 p. c. such of the debentures as the deposltIng preferred stockholders shall fail to take. The preferred A ; & THE CHRONICLE. 60-2 stcckholders have therefore the option, to be exercised at the time of the deposit of their certificates of stock, of accepting their arrears of dividends in such debentures at par, or 70 p. o. of their face value in cash. The basis of exchange will thus be as follows — — Will receive Bonds. Stock. . 9100 principal cf exisHni}— Common stock ($23.871.100) : or ^Oplionally-^ Stock. Cash. $20 $20 Pref. Block ($14,920,200) carry- $11-55 acoum. dividends. $IC0 $100 All deposits of stocik must be made with the Knickerbocker Trust Co., No. 66 Broadway, not later than March 1, 1905. The committee makes the following statement Tbe oomnaittee finds that ander the existing management which went Into offlce March 1, 1904, many ol the abuses previouBly exist Ing are being remedied, the condltlrns of the business are steadily improving, and the prospects are such as to Justify the ffloers la assnmfng that In the absence of utforeseen contingencies the profits of the year just begun should largely exceed the profits for 1904, which were $324,25?, after providing for all interest payments. The business for the year 1903 showed a loss of $8,429 and that for 1902 a loss of $346,362. The profits for 1904 were earned mainly In Boston, Philadelphia, Washington and Baltimore. The total baelness for the year ISOt amounted to $6,941,216. Although 60 p. 0. of that business was done in the city of New York, that part of the business has shown comparatively small profit In recent years. This result has been due partly to laxity in the managemen'', but largely to the abnormally low price of the product, brought about by ruinous competition from the artiflcal Ice plants operated by Its competitors. Your company was forced to acquire and operate such artificial loe plants to meet that situation, so that at the present time about one-half yonr output consists of artificial Ice. The experience of the past few years has demonstrated that in the Northern and Eastern States, where natural loe can be harvested, the machine cannot sncoesefully compete. Within the past year eight of such artificial plants have failed within the city ol New York, two in Philadelphia, the only plant in Boston, one In Baltimore and others throuehont the country. The conditions of the past are therefore not likely to be repeated in the near future. The properties and assets of yonr company have been conservatively valued under date of Oct. 31, 1904, at $11,014,276. The outstanding underlying mortgages on constituent properties and the bonds and other debts of the company as of Oct. 31, 1904, were $5,116,835. ASSETS AND LIABILIIIE8 OCT. 31, 1904- C0N8BRV ATI VE OFFICIAL STATEMENT. ing le^a p. $16ifl c. < Liabilities— Assets— Beal estate,plant6 and Underlying bonds other properties $9,468,104 Convertible assets and working capital 1,546,172 $1,559,050 Collateral tiustSs l,97o,0C0 Underlying mortgages. 576,537 Floating debt 1,011,248 Total Total $11,014,276 Total net assets over obi gallons [Compare V. :9, p. 2746; V. 77, p. 2337; V. 78, p. 586 -V. $5,116,835 $5,897,441 ] 80, p. 165. Vol, LXX3L ferred stock and ?i,22!,700 commo.T stock. The plan requires the cance ilatlon of the unissued shares and also the purchase .ind cancellation of SI 25,300 tf the outstanding preferred at $60 p&r share and $100 of the common stock for The remaining outstanding shares will then be ex$10. changed for the $4,000,000 new stock, the pref. stock dollar for dollar and the common stock on the basis of $800 of old for 1100 of new.— V. 79, p. 2799. Laclede Gas Light Co., St. Loui?.—See North American Compare V. 80, p. 470, 475. Co. below,- Luke Snperlor Corporation.— iVoffce to Holders of UnderBonds.— See Michigan Like Superior Co. below.— V. lying 80, p. 475. Ijfcwyers' Mortgage Bond Co., New York.— Neio Enterprise. —This company— to be allied with the Lawyers' Mortgage — Co. and the Lawyers' Title Insurance Co. is organized to carry on a form of mortgage business which the charter of the Lawyers' Mortgage Co. does not permit it to undertake. The proposition is to issue long-time bonds, subject to call after 5 years at company's option, secured by pledge of i}4 P- c. and 5 p. c. mortgages on New York City property of the same class, etc., as those now accepted by the Lawyers' Mortgage Co. "With a margin of three quarters per cent every increase of $3,000,000 in outstanding bonds would add one per cent to the earnings of the stock." The company will have 13 000,000 capital stock and a surplus of $400,000, to be obtained by selling the shares at $120. Edwin W. Coggeshall, President Lawyers' Title Insurance Co,, and Richard M. Hurd, President Lawjera' Mortgage Co., at the request of their respective boards, are organizing the new corporation. Lehigh Coal & NaTigatioa Co.— Additional Trust — Certifi- cates Listed. The Philadelphia Stock Exchange has listed an additional $2,728,500 voting trust certificates, making the total amount listed to date $6,788,850. The total outstanding stock is $17,344,850. -V. 80, p. 475, 168. Micbigan Lake Superior Co.— Notice to Bondholders, — The holders of the $3,503,000 first mortgage 5 p. c, gold bonds of 1899 will meet in the board roam of the Provident Life & Trustee, trustee. No. 409 Chestnut St., Phaadelphia, on Feb. 14, to consider a communication from the receiver and to take thereon such action as may be found necessary. The company is controlled by the Lake Superior Corporation, which see above. Compare V. 69, p. 336; V. 77, p. 193, 771. -V. 78, p. 2445. Foundries.— iVb^es and New Stock.— of acquisition the Simplex To finance the recent Railway Milwaukee Gas Light Co.—Eirnings. The company reAppliance Co., the American Steel Foundries has made ports net earnings of $752,166 for the year 1904, contrasting its one three-year 6 p. c. nctes for |1, 000,000, which have with $450,748 for 1897. The interest charged upon outstandbeen taken by Knhn, Loeb & Co., and has issued $3,200,030 ing bonds is only $298,000. The company owns about 367 each of preferred and common stock, making outstanding of miles of ga3 mains, over 73,000 meters and about 2,500 oity each class of stock $17,700,000. The new stock is principally lamps. The new gas plant is described as one of the most for the Simplex purchase, a small portion being used in con- modern and complete in the world. It is now supplying neotioTi with the purchase of the Commonwealth Steel Co. about 4,000,000 cubic feet of gas per day, which will be inWm. V. Kelly, recently P/eaident of the Simplex company, creased by about 6,000,000 cubic feet when the new gas was elected on Ttiursday Third Vice-President of the Foun- holder is completed. This holder itself will have a capacity American Steel dries.— V. — & 80, p. 224. Kaaic— Stock Offered. ~8eQ Brooklyn Academy Week's Chroniclb under heading of Banks and Bankers.— V. 78, p. 1500. CJic8apeat>e & Qhio CAn&l.— Agreement.— See Western Maryland RR under "Railroads."— V. 80, p. 185. of item on p. 446 of last Diamond .Hatch Co.— iiepor^. —The endirg Dec. 31 were: Year— Net. 1904 1903 Div'ds {10%). $1,500,000 1,600,000 results for the year Balance. Pret. hur. $1?3,369 $l,00(\000 324,089 2,194,593 New Directors.— Edward R. Stettinius ancJ Russell Hawkins have been elected directors in place of George F. Smith acd A, G. Lindsay, deceased. W. G. Fioley has been appoiated as Secretary to succeed R. E. Wirt, deceased.— V. 79, p. 2590. »1,663,369 1,824,089 State Steel Co.- Committee.— Th^ committee of in Philadelphia en Jan. 20 announces that it represents a full majority of the claims of the creditors and desires to represent them all. The committee exf ects to report its findings by Feb. 15.— V. 80, p. Diamond creditors which was elected 474, 225. Equitable Illaminating Gas L ght Co. of Philadelphia.— Qutput.-Tlhe, statement of gas so'd in the city of Philadelphia for the quarter and the twelve months ending Dec. 81, as filed with tbe city authorities, compares as follows 1904. 1908^ Cubic feel of gas— 1903. 3 months 1,789,504,450 1,778,809,880 1,795,064,370 12 months 6,564,891,970 6,486,829,980 5,42^.129,500 : 12 monlhb'grOBHrevenue Of which city receives... $6,564,8*1 $056,489 $6,48«,S29 $648,682 $5,423,129 $543,312 —V. 79, p. 2090. Herring-Hall-Maryln Safe {1,0.— Report. -The company reports for the calendar year 1904 a net profit of $35,297, after charging off |18,678 for maintenance and $15,287 for depreciation. A new factory was constructed at Hamilton, Ohio, and a new branch opened in Chicago. The general business during the major portion oi' the year made it necessary to curtail production somewhat, with consequent smaller margin of profit. The present year opens with a good demand and better prices.-- V. 78, p. 1395. IlllLOis Biitk Co.— Reduction of Stock.— A circular an nounces that ihe shareholders will vote Feb. 8 oa the plan for reducing the capital stock from $9, OJ.OOO tc $4,000,000, all of one class. There is now outstanding $3,421,703 pre- of 6,0C0,0fiO cubic feet. Spencer Traek Co. are offering to investors a block of the first mortgage 4 p. c. bonds at price to net about 4*60 p. c, authorized issue $10,C00,000, outstanding ij7,800,000, a first and only lien aside from $30,000 office building bonds. circular says: The stock has received regular dividends for the last 45 years of not less than 6 p. c per annum. All of the stock is owned by the Western Gas Co. of New York, which In turn le controlled by the American Light & Traction Co. See pages 406 and 417 of Railway and Industrial Section; also V. 79, p. 631.— V. 79, p. 2591. A North American €0.— Exchange of Stocks.— The ExecuCommittee of the company has agreed with the St. tive Louis interests associated with it in the acquisition of the Laclede Gas Light Co. (V. 80, p. 470, 475,) and the Union Electric Light, Heat & Power Co (V. 79, p. 275,), both of St. Louis, for an exchange of their holdings in the stock of those companies for North American Co. stock. The transaction, which is Bui:)ject to the ratification of the stockholders, calls an increase of about $5,000,000 in the stock of the North American company. The proposition of exchange applies only to the above-mentioned interests, and does not include for other shareholders. ers of the Laclede ume See proposition company made to the stockhold- In Feb., 1903; 76, page 482.— V. 79, p. 2799. Chronicle vol- Pacific Packing & Narlgi^tion Co.— Sale Postponed.— The mnjorily forecloaure sale has been postponed until Feb. 13. have signed the plan, which is now operative. See V. 80, A p. 226, 471, 476. Pacific States (Bell) Telephone & Telegraph Co.— New Stock.— The shareholders will vote oa Feb. 9 on increasing the authorized issue of capital stock from $16,000,000 to $35,OCO,000, the new shares to be issued from time to time as The company has r< quired for Improvements and additions. outstanding $750,000 6 p. c. bonds, due July 1, 1913, and $2,259,000 5 p. c. bonds. (Compare V. 76, p. 598.) The dividend For the calendar year 1903 the rate is 7 p. c. per annum. n«t (snrpluO earnings, it is 8tate(^, were $1,538,439; for (December estimated), $1,700,000.— V. 79, p. 2161. (Javen City Telephone City, CInoinnutl.— Fra»c/ii c Void. —The Circuit Court at Cincinnati on Jan. 21 delivered an 1904 opinion denying the validity of ttie franchise giv>'n to the company by the Probate Court-, the city not havlt.'g given its consent thereto.— V. 79, p. 172J, Feb. 4 THE CHRONICLE. 1905. j Staodard Rope & Twine Co.— BondholdeAS' Protective Comviittee.— In view of the receivership, h first mortgage bondholders' committee has been formed cohsisting of: Alvln W. Krech, Ohairman; James B. Clews, Donald Maokay, Charles E Orvle, Vitlentine P. Snyder, with Lawrence L. Qllleaple, Secretary, 15 Nassau St., New York City. Holders of first mortgage bonds are urged to deposit their bonds promptly with the Equitable Trust Co., No. 15 Nassau St., New York City, in exchange for negotiable receipts. Should a plan of reorganization be formulated by the committee, provision will be made for the withdrawal of bonds on the part of disBsnting bondholders without expense. The committee's circular says in part: For the year ending July 31, 1904, the company suffered a loss on Its business of $9,167, and upon Its business for the last six months a There are also defaults under the mortgase on the payments due to the sinking fund on Aug. 31, 1£03 and 1904, amonntiog to $27,400 each. The company also has very large loans Inadequately protected and the Interest due upon Its ontstandlDg first mortgags on Feb. 1, 190), cannot be paid. The only plants which have been operated up to thetlmeof the rao^iversbip are the Waterbury and Morgan Avenue properties In Brooklyn and the Sewall & Day In Boston. The position Is extremely critical. The sale loss estimated at about $40,000. The connsel 603 for the paokers in the suit and C. Armour Packing W. Armour Co. are qaoted as eayiag in eflf-ct that the injanction wi'l not inconvenience them or interfere with their business, because they have not violated the law and do not intend to do so.— V. 80, p. 161. of the Union Electric Light & Power Co., St. Louis.— See North American Co. above and compare V. 79, p. 275 L, United Gas Improvemeat Co— Results in Philadelphia.— See Equitable Gaa Light Co. of Philadelphia above.— V. 79, p. 2090. Talcan Detinniugr Co.— New Offleers.—S. R. Beardsley has been elected President and Lyman G. Bloomingdale of Bloomingdale Bros. Vice-President. I-aac Stiebel and B. Nicoll have been elected directors. V. 79, p. 3752. — flrst of idle properties, additional worklni? capital, effloient management and the conservation of valuable equities are among the most pressing necessities. To what extent the protective committee may prevent complete dis'ntegratlon will depend largely upon the co-operation of the bondholders.— V. 8 a, p. 476. Standard Sanitary Mannf.ictnring' Co., Pittsburgh.— First Dividend on Common.— The "Pittsburgh Press" announces the declaration of the regular quarterly dividend of P' c. on the preferred (non-cumulaiive) and a first dividend of 4 p. c. on the common stock. At last accounts there were outstanding $1,982,800 preferred and $2,167,400 common stock and |1, 876,000 6 p. c. debentures. —V. 78, p. 824. W A New York.— Dividend.— State Line Telephone Co., 2 p. c. quarterly dividend for the first, second and third quarters (total 6 p. c.) declared on the preferred cumulative 8pfr cent stock was paid January 20, 1905, to stockholders of record for each respective quarter. The company was incorporated at Albany on July 17, 1903, to operate longdistance telephone lines in N. Y. State for the independent companies. Capital stock authorized: Common, $500,000; pref., $500,000; par $100, "full paid." The preferred is also entitled to participate with the common in any dividends in excess of 8 p. c. No bonds. Edward M. Millard (President Eastern Telephone Co.) is President-; D. A. York New & Reynolds, Vice-President and Manager; J. Owen Huchberber, Treasurer; offioe 150 Broadway, New York, Tae company has made a contract with the Atlantic Telephone Co. of New York City ("which is now engaged in financing its enterprise on a basis of $24,000,000") it has thus far provided for interchange of business with the following: Colonial Telephone Co. of Nawburgh, Dutchess County Telephone Co. of Poughkeepsle, Columbia County Telephone Cj. of Hudson and ; Sharon Telephone Co. of Sharon. Conn. Swift & Co. U. S. Supreme Court Chrants Injunction, The United States Supreme Court on Monday, in a unanimous decision (Justice Holmes writing the. opinion), affirmed in all substantial respects the order of Judge Grosecup, made in the United States District Court in Chicago in May, 1903, granting a permanent in junction a:;ainst Swift & Co. and various other packers (corporations, firms and individuals) located at Chicago, Oaaaha, St. Joseph. Kansas City, East St. Louis and St. Paul, in the action brought by the Government for violation of the Anti-Trust Act (Sherman law) of 1890. The packers whose trade arrangements and agreements among themselves are held to be In restraint of inter-State commerce are alleged in the bill of complaint to control about six-tenths of the trade in fresh meats in the United S ates. The Court summarizes the allegations contained in the bill which It holds in a general way have been proven as follows: (1) It charges a combination of the dominant proportion of the dealers in fresh meat throughout the Uaited States not to bid against each other in the livestock markets of the different States; (2) to bid np prices for a few days In order to Induce the cattle men to send their stock to the stockyarde; (3) to fix prices at which they will sell and to that end to restrict shipments of meat when necessary; to establish a uniform rule of credit to dealers, and to keep a black list; (4) to make uniform any improper charges for cartae-e, and finally (5) to get less than lawful rates from railroads, to the exalualon of competitors. The Court, among other things, says: The intent of the combination is not merely to restrict campetltion among the parties but to aid in an attempt to monopolize commerce among the States. It is said that this charge is too vague and that it does not set forth a case of commerce among the States Taking up — — the latter objection first, commerce among the States is not a technical legal conception, but a practical oae drawn from the couree of business. Whsn cattle are sent for sale from a place in one St ae.wlth the expectation that thev will end their transit, after purchase, in another, and when In eff-ctthey do so, with only the interruption neces sary to find a purchaser at the stockyards, and when this is a typical, constantly reourriog course, the current thus existing is a current of commerce among the States, and the purchase of the cattle Is a part and incident of such commerce. Tae packers entered a general objection, which they strongly urged, that the till did not set forth suffiaient definite or specific facts, and was vagae in many respects. The Court admitted that while this objection was serious, it appeared to be inherent in tho nature of the case, saying: The scheme alleged is so vast that it presents a new problem in pleading. If, as we must assume, the scheme Is entertained, it Is, of ooorse, contrary to the very words of the statute. Its aiza mak.'s the violation of the law more coDsptouons, and yet the same thing makes U impossible to fasten the principal fact to a certain time and place. The elements, too, are so numerous and shifting, even the constituent parts alleged are, and from their nature must be, so extensive in time and space that something of the same impossibliity applies to them. The law has been upheld, and therefore wo are bound to eaforce It notwithstanding these dlfflonltlei. — The firm of Child, Bates & Co., recently established, with headquarters in Cleveland, Ohio, whose card appears In this issue, will deal in high-class bonds and local secnritles. Mr. F. W. Child, of this firm, Is formerly of New York, and was for some time with Kountze Brothers, going from there to St. Louis as Manager of the Bond Department of the Colonial Trust Co., and after the absorption of the Colonial by the Commonwealth Trust Company, was associated with Messrs. Everez & Co. of Chicago. Mr. Bates has for some years been Manager of the Stock Department of the Denlson & Prior Co. of Cleveland, and is well known in that city. —Messrs. Ackermann & Coles of 20 Broad St., this city, have issued the third number of their Statistics of New York City Banks & Trust Companies, as compiled by Mr. W. C. Coles. The brochure is published semi-annually, and contains extensive data as to the date of organiztion of the banks and trust companies of the boroughs of Manhattan and Brooklyn, including the dividend record of each institution. The firm makes a specialty of bank and trust company stocks, as well as of Standard Oil stocks, inactive railroad bonds and unlisted securities. —The old-established firm of Messrs. '.Tobey & Kirk, 25 Broad Street, has recently moved Its offices from the fifth floor of the Broad Exchange Building to a finer suite of rooms (1017 to 1019 inclusive) on the tenth floor of the same building. The new quarters are better situated and arranged than those just vacated. Tae concern, organized in 1873, has always made a business of dealing in unlisted stoc^ks and bonds. It consists of Mr, S. H. Tobey, senior member, Mr. Harry G. Tobey and Mr. George S. Crap. Mr. Crap was admitted Jan. 2, 1900. —The six'ieth annual statement of the Mutual Benefit Life Insurance Co., Newark, N. J,, Is published in our advertising columns. During the year 1904 a substantial increase in business all along the line is noticed, the market value of the company's assets now reaching $93,2i7,790 and its surplus, on a market-value basis, $7,319,562, the surplus increase reaching 1608,720. Ratio of expenses and taxes to total income in 1904 was 15*28 per cent and in 1903 15'27 per cent. & —J. S. R. D. Farlee, 11 Wall Street, advertise in this issue a list of investment bonds. Among them are Beech Creek 1st mortgage fours, guaranteed by New York Central, Missouri Kansas «& Oklahoma firsts, Seaboard Air Line general fours, Louisville & Nashville unified fours, and other steam railroad bonds, and a block of Kings County Elevated fours. Iciquiries concerning these and other Investment securities are solicited. & —Shoemaker Bates, No. 24 Broad Street, members of the New York Stock Exchange, have issued an Interesting circular describing various blocks of Investment bonds which they are offering for sale, both railroad issues, such as Baltimore & Oaio, Western Maryland and Southern Ry,, and miscellaneous loans such as Mexican Government 4s, Lackawanna Steel 5 p. c. notes, etc. simple but eS^ective little calendar Is that issued by the Lincoln National Bank, 42d Street, opposite the Grand Central Station. This 8x5 time table for 1905 has as its main feature a bronze bas-relief of Abraham L'acoln, on a dark background. On Jan. 11th the bank's deposits were $16,92 J,957, surplus and undivided profits $1,362,085, besides a capital stock of 1300,000 and total resources of $19,292,442. —The Union Discount Co. of London has issued its semiannual statement. The balance sheet for Dec. 81 shows groes assets of $96,611,209. The amount to credit of profit and loss was $1,156,951. The half-yearly dividend at the rate of 11 per cent called for $206,250 and |251,235 was carried forward. Details will be found in the full statement printed in another —A column. —The semi-annual statement of the National Discount Co. of London, pnbllsned in another column, shows deposits and loans on J)tc. 81 of $50,582,482 and bills re-discounted $16,732,semi267. The company held In securities $11,503,043, annual dividend at the rate of 10 per cent was paid, calling for $211,666. A —Redmond & Co's. February investment list is printed on page facing the first page of reading matter. Their statistical department will furnish detailed information regarding the securities given in this list, or any other securities, on application. the THE CHRONICLE. 604 LXXX, [\'01.. COTTON. Fbiday Night, February COMMERCIAL EPITOME Friday Night, February 3, 1905. Easiness conditions for the past week have shown irreguThe reports from soma lines of trade have shown larity. buyers operating with a considerable show of freedom; this has been especially true In iron and steel. Other trades, however, have reported a period of dulness prevailing, buyers being inclined to pursue a waiting policy. The movement of supplies into oonsumera' hands in the way of deliveries on old purchases has been fairly free, supplies that were held back last week by the blocked condition of trafiSlc being forwarded. Reports from the interior have contlnaed to re port cutticg of e:rain freight rates to the seaboard. These low freights are having a stimulating effect upon the export demand Lkrd... Xobaoco, domestic OoSae, Brazil Ooilee, Java, <SiO bags ..mats bag^ hliils bags, &o ...hhds No. Molasses, foreign Hides OottOQ. Boslu Spirits torpentliie...... Tar Linseed bblfl, ijagB, ..pockets. ......... ...,.,. bags. Saltpetre Manila hemp bags. ......bales. hemp bales Jatebatts Floor... bales, bbls, bbls. — -. Bice, E. I Bice, domestic Jan. 1, 1905. 1905. tOB hlidB OoSee.otber Bugar Bngar bales, bbls. and sacks 7,643 2,128 3.497,442 130,806 419,009 None. Feb. 1, 7,957 3,094 3,403,379 1904. am. Maydel'y Jolydel'F at— 14,5.142 414,088 None. None. None. 12,600 None. None. 12,300 90,575 24,906 100,1 3 i 86,000 None. 26,396 1,114 1,216 1,000 40,000 None. 850 190 1,078 1,651 1,000 None. 65.300 None. 10,100 73,972 38.702 1.600 1,077 2,000 80,000 None. 383 1.784 17,263 8.105 None. 182,900 None. 89,600 10,139 14,982 2,917 None. 170,200 25.'i.788 Miyi^. 700 7071a 710 6 95 tHttS- Vfsa. 700 712i« 6*90 702>* JTAwv*. 6 90 7 02J« fri. 6-92iij 7-05 Pork has had a fair jobbing sale and at steady prices, closing at |13@13 50 for mess. Cut meats have been in fair demand and steady. Tallow has been easier, closing at Cotton-aeed oil has advanced slightly. The close was quiet at 24J^@25c. for prime yellow. Butter has continued to advance for choice grades. Cheeee has had a fair sale at firm prices. Fresh eggs have been steady. Brazil grades of coffee have continued to meet with a slow sale, and owing to disappointing statistical developments and dull estimate of receipts for February prices have weakened slightly. The close was quiet at 8J^c. for Rio No. 7 and 9c. for Santos No. 4, The demand for West India growths has bsen quiet, and there has been a slight yielding in prices, closing at 9%c. for good Cucuta and ll@llJ^o. for good average Bogota. Liquidation has continued the feature of the trading in the market for coffee contracts and prices easier. The close was steadier. The following were the closing asked prices: have been 7-150. 7'20o. 7-450. i Jane July 7*55 o. 7*70o. l Sept Oct Qalveston Pt.Axthnr,&o Sew Orleans... aSobUe Penaacola, &e. Savannah Th,urt, tri. Total. 6,904 2.554 4.475 4.384 3,732 467 490 7.348 1,263 2,415 3,869 1,055 3,513 28.770 8,250 64,773 4,285 5.745 16,768 4,611 313 78 279 1,138 440 293 200 168 88 275 455 1,481 1.041 1.024 1,803 717 826 1,402 6,813 1,500 353 638 751 197 Waah'ton.&e. N'p't News, &c. New York. 126 83 Boston......... 494 38 50 Baltimore Phlladelp'a, Ac 130 160 2,896 168 84 688 831 1.272 75 26 4,168 352 week. 18,606 24,295 46.329 18,603 12.177 23,213 140,223 Tot. this The following shows the week's total receipts, the total since and the stocks to-night, compared with last year. Septc 1, 1904, 190304. 1904-05, Receipts to Feb. 3 This week. Thu Since Sep, 1, 1904. week. Galveston... Pt. Ar.,&c, 1905. 47,813 2,072,071 6,689 92,709 62,845 1,609,532 4,B37 181,782 1,614 116,296 19,285 1,017,531 2.154 113,483 1,094 144,173 21 1,021 6,160 312,815 28,770 1,839,899 8,2S0 147,475 Cf ew Orleans 54,778 1,777,767 Mobile.. .... 4,285 229,979 P'eaoolo, Ac. 5,746 136,224 Savannah... 16.768 1,268,333 Br'wlok, Ac. 152,687 4,611 (Charleston.. 1,138 175,613 755 P. Royal, &o. Wilmington. 1,481 271,067 122 Wash'n, &o. Vorfolk 6.613 477,442 N'portN.,&o 688 7,049 20,466 New York... 1,600 881 43,884 Boston 84,081 Baltimore. . 4,168 352 Phlladel,&c. 8.594 Totals Stock. Since Sep. 1, 1903. 1904. 158,118 81,824 »««•* 338,879 60,002 411,961 19,128 ...... 65.574 20,976 18,822 65,632 8,247 11,150 5,671 10,720 29,997 8,833 386 394.537 349 672 542 891 823 10,385 5,936 12,642 18.304 8.123 82.506 3,307 6,311 1.026 18,930 1,161 73.237 34,000 5,372 2,784 140,223 6,641,427 158.602 6,111,676 781.474 733,696 356 In order that a comparison may be made with other years, we give below the totals at leading ports for six seasons, Receipts at— Oalves'n, &o. 1905. 1904. 1903. 1902. 1901. 1900. 87,020 64,778 4.285 16,768 1,138 1,481 6,813 54,502 67,217 61,961 5,815 26,519 1,490 4.743 9,379 48,391 46,294 3,008 22,376 67,866 67,878 6,667 41,800 10,149 6,989 13,373 246 791 20,529 17,908 144,435 812,421 Ac 688 349 768 All others... 17,257 6,696 15.397 85,888 30,294 3,520 16,844 3,379 3,813 7,249 1,362 16,156 wk. 140,223 158,602 193.289 118,351 New Orleans MobUe Savannah... Ohas'ton, &e. Wllm'ton, &o News, 52845 4,837 19.265 1,115 5,160 8,833 1,006 3,448 4,142 8O0c. I test, and 1^0. for muscovado, b9-deg. test. Re8ned has been quiet but steady at 6'05c. for granulated. Other staple groceries have been quiet and unchanged, Kentucky tobacco has been in active demand, exporters being good buyers at advancing prices. A large business has been transacted in seed-leaf tobacco and at full valn«8. Sales include a considerable quantity of 19J11902 crops Wisconsin Havana seed Be. 1903 crop Zlmmers Spanish and Pennsylvania broad leaf. Exceptional activity has been experienced in Havana tobacco and at fair prices. Sumatra tobacco has been fairly active and firm. Offerings for Straits tin for prompt delivery have been email and the market baa continuel firm, closing at 29 6D@ Ingot copper has had a limited f ale at steady prices, 29*85c. closing at 15J^@15%c. for Lake and 15i^@15)^c. for electrolytic. Lead has been firmer at 4"66@4'70c. Spelter has been quiet and easier, closing at 6-203. Pii^iron has been in good demand and firm, closing at $17 50@17 75 for No. 2 Northern and $17 25@17 50 for No. 2 Southern. Refined petroleum for export has been easier, and closed at 7-25c. in bbls., 9-95c. in cases and 4-35c. in bulk. Naphth* has been steady at 113^0. for 71 degrees and 12c. for 76 degrees. Credit balances have been easier, closing at 1 -.393. Spirits turpentine has been quiet and prices have weakened to 55o for machine bbls. Rosins have been qniet but steady at |2 87^ for common and good strained. Hops have been dull and easier. Wool quiet and pulled wools easier. oVianged prices at 53^g. for centrifugals, 96-deg. Wed, Ttte$. 1,855 3,703 9,279 3,958 4,292 6,169 13.522 20,618 845 1,003 217 2.972 2,333 2,067 4,022 3.360 1.098 122 289 57 STllnilngton.... N. .^ Ang 7-80o. Dec 8-lSc. R iw eugars have been dull, with sellers holding for un1 Oharleston Pt. Royal, &o. Norfolk 7'90o. Mon. Sat, Sorfolk 2,421,298 101, !2l refined for the Continent. Speculation in lard for future delivery has been moderately active. Light receipt of hogs have held prices very steady. The close was quiet. DAILY OLCS JHe PBIOBS OV I.A.8C VCTClSBa IN OHIOAGO. Hay Receipts 9,472 Lard on the spot has had only a limited sale, bat offerings have been very moderate and prices have held to a steady basis. The close was quiet at 7 '150. for prime Western and 6 50c. for prime City. The demand for refined lard has been light, but prices have held about steady, closing at 7'auc. for Feb March week, making the total rooeipts since the let of Sept., 1904, 6,641,427 bales, against 6,111,676 bales for the same period of IB03-4 showing an increase since Sent. 1, 1904, of 529,761 bales. Bmnsw'k, &e Feb. 1, 1905. 3, as Indicated by our telegrams from the South to-night is given below. For the week ending .his evening the total receipts have reached 140,223 bales, against 156,670 bales last week and 122,950 bales the previous for corn. Stoekt of JfercAandMe. Blsal The Movement op the Crop Tot. this Since Sept. 1 6641,4-.27 6111,676 6021,507 5902,565 5515,100 4974.060 The exports for the week ending this evening reach a total of 177,823 bales, of which 48,63i were to Great Britain, 4,205 to France and 125,091 to the rest of the Continent. Below are the exports for tne week and since Sept. Wuk Bndinti Feb. 3. 1900. from— Great Brit'n, 4,816 lial Teuton Pt-Arthur. &o. 3,968 S^it Orleani.. 17.804 Stance Oontintnt. 61ti 8,759 3,203 lotal Oreat Week. Britain. 14,122 66.514 87,520 P,382 8,215 13,820 13.8'iO 3,918 67,9i6 231.468 100,864 e,070 e,07(J 8,379 5,60 New York 4,4tl 0,611 11,407 •Sotton 6.766 l,36i 7,UH laltlmor* 1.49-1 443 'an Kran., Total Total. 1003-04. 8.746 3,918 108,660 860 I 9,074 Jko.. 48.682 46,2!i6 1904. to Feo. 8. 1906 __ ^"'^ 663.616 187,823 50,861 631,744 243.286 43.89d 17,63d 9,382 PeniHOOla, &o. '(aTannab Irnniwlott .... CharlastOD.... Port ttoyal.... ^llmlnKton... Nor/olk N'port N.. Ao.. 496 1. Exported to— 3,»I58 Vloblle »>hila(lelphia.. from Sept. Mxportcd to— exports 1. 1904. 17,084 47.768 Oontinent. Total. 438.519 1,486,023 70,500 181,361 495,688 1,376.717 48.406 109,910 59,167 126.170 640,295 919.608 6,916 107,610 68.647 ee.9S6 3.662 149.099 260.411 13,616 7,03d 30.662 13.079 313.042 00,313 97.319 29,861 97.701 1.000 12,079 201.817 14,405 127.020 1.932 90.087 65.120 4.124 8,876 2S,075 856 2y.l69 9,074 1.685 07,701 4,205 126.091,177.829 3,400.374 654,896 3.828.0rf0 6,272,859 16.18SI 114.854 177,317 1.H66.606 606,828 2.1" 23, 834 4,087,266 Feb. THE CHRONICLE. 4, 1905.J 605 FuTUBES.—Highest, lowest and In addition to above exports, our telegrams to-night also give us the following amounts of cotton on shipboard, not add similar figures for cleared, at the ports named. New York, which are prepared for our special use by Messrs. Lambert & Barrows, Produce Exchange Building, New closing prices at York. We ON SHIPBOARD, NOT CLEAEKD FOK— Feb. 3 Leaving ai- Other OoastOreat GerBritain Fr'nee many. For'gn wise. 60,711 i",bo6 8,600 14.250 7,800 18,000 288,168 104,945 55,474 18,822 41,402 15,747 74,705 24.577 48,653 21,635 44,160 26,852 16,324 157,634 623840 Total 1904.. 49,224 17,981 37,324 12,674 14.743 131,946 Total 1903.. 69,762 53,937 29,140 43,276 21,894 217.509 601 ,750 14,562 20,001 Mobile........ "ioo Norfolk New Yorb.... Other ports . i'obo 10,000 Total 1905.. 9,885 12,682 13,060 3,950 1(^,378 12,042 10,100 ...... 53.173 10,100 o«a.i* Speculation erately active The feature of to be for the 7",506 "300 2'oo6 "250 14,000 1,500 3,000 fl •3 -a 522 802 srew Orleans. Galveston.. .. Bavannali.. .. Charleston... !'!!'!! 8toek, Total. MO 6© CON « { •>1A ©CO I d MM M© 9 0«5 e>ei QDOO I cceo CO ©M KIM CO to »3-a COM QDQD ocas Ci 00 en oci<i 00 If o 00 ' a»a « 9 a CD I ccob M© 0S»3I »C6 006 QDOb 00 CO a ©CO 2l C0 10 cooa Ci (CO) m I COCO ^1 «a OS) w OCCO toco OO) OIW I d «3*. I (5)05 »«» -300 -3Qa OOm QC ^1 « 1^ ao) CROS 9 I (X> aos 0-3 HO MO* ec 9 I »j<i in cotton for future delivery has been mod and there has been a fair advance iu prices. dCi 00 ©CD 3) a MtO -3-4 I CO cocn 787,744 « I 00 (XOi CCQO CO o I 00 -j 0603 tetb QDOO -a -a ! 0>ai coob »-<0 CO tn I ^ coon MO 8) ob-4 WOi 1^ 9 the trading baa been buying which appeared Co|«]«3 ^^ <|<J «3<I ao> Oi •3<I account of leading bear interests to cover tcta tO»^' OC coco -3 © do IfkCJi MO CCS ©o toco OM 00 C3» The South has continued a firm their contracts. holder of cotton, and according to latest information plant-3-3 »30 «3«J •0 0* ooi <i COM tOM tad too M MCD to dcD CO ers are making a concertea move to hold their sur^1 -^M OKI tOM 00 GO kS06 «3 COM 00 plus production from the present crop until they cau ti d 9 9 d 9 9 « dispose of it at satisfactory prices. It is this ten«3-q -3«3 -3-3 »3vl -3-3 a > to acii;y with which the COM South holds its cotton which cretets M 66 Oi«i CO COCO C/>0» CD © t^t^ ated uneasiness among the speculative short sellers and brought them into the market as buyers to cover -J CO t0>O ecu to MM MM 6 o© CO M».^ sales. their The demand for actual cotton, accordOO 69M en WCO COCO C^iOO mO W tOM |t» 9 « & 1*9 is» i» la 9 « ing reports, has shown to some an inoprcvement, -3«3 »q-3 -3-3 ^-a -3.J -3-3 -3-3 -3 and buyers have found it necessary to pay full prices to obc«i^ toco toco 6m o tain the supplies wanted. Outside speculative interests are *>.0< -310 *»« ©CO -3to toco -3 M understood to be following the market closely but are not "?*? ^*? "?*? ^*? 'i''^ "?"? -3-3 -3-3 -3 disposed to give it any assistance until the planting M" M coco cota lOtO ii^»a^*Coco koto 0910 M© 0000 U<M M-3 OSM ©to 001^ M season is reached and definite knowledge can be obtained vi ^ lO i<ilk d « |os> l@ « whether or not the cotton acreage for the coming season will -3-3 *?*? "?"? *?*? *^'? *? "?*? "?*^ "^'S' be materially reduced. To day there was a moderately active CM '00 ? to M »0 >^t^ I^Ol (^||1 COK) C0#^ -3© co-3 oc;< ato bo CO CO to CO 01 CO to and firmer market. Buying by shorts to cover their contracts t3 CO continued the feature of the trading and prices advanced. «3 0) 05 05 a> 05 •=? 'no The close was at a net gain in values for the day of 13@16 to -is -3 <I o O 05 d 00 M cn to CO OD CK (0 m ^ points. Cotton on the spot has been firmer, closing at 7-60c. «' « 9 9 # 9 d for middling uplands. -3 -J ^ "=? The rates on and off middling, as established Nov. 18, 1903, 6t CJI M to to KJ CO ob V> CO 01 o -3 to CD CO Ifk CO by the Revision Committee, at which grades other than The Visible Supply of Cotton to-night, as made up by middling may be delivered on contract, are as follows. Fair c. 1-30 on Good Middling Tinged Even cable and telegraph, is as follows. Foreign stocks, as well c. 0-96 on Strict Middling Tinged.... 006 oS as the afloat, are this week's returns, and consequently all Middling Fair 0-62 on Middling Tinged Strict Good Middling 012 off foreign figures are brought down to Thursday evening. 0*44 on Strict Low Mid. Tinged ... 034 off Good Middling Strict Low Middling 0-14 oflf Low Middling Tinged 050 ofl But to make the total the complete figures for to-night Low Middling 0-38 off Strict Good Ord. Tinged .. 084 off (Feb. 3), we add the Item of exports from the United States, Strict Good Ordinary 72 off Middling Stained 050 off Including in it the exports of Friday only, Good Ordinary 1-00 off Strict Low Mid. Stained... 1 06 ofl 1905. 1304. 1003. 1902. Strict Good Mid. Tinged.. 0-30 on Low Middling Stained 1-50 off stock at UiTSiirpool.,,..,^., i»8,lek. 960,000 625,000 680,000 1,040,000 On this basis the official prices for a few of the grades for stock at tiOKfiom. .«,.„..«„ 13,000 10,000 9,000 7,000 the past week—Jan. 28 to Feb. 3— would be as follows. Stock at Manchester. ._...>..;. 47.000 71,000 Total Great Britain Btook. 1,020,000" 706,000 689,000 1,047,000 UPLANDS, Slat. Mon Tues W^ed Fri. 9,000 Stock at tlamiiaig..^^ 15.000 7,000 8,000 I I I ) I I I I I I , ' I I I I I I IS) I I I I I 1 ' ' ' \ I I I I I I I I ! I I ' I I I I I ll^ ll^ I I ' ' 1 ' i 1 I i ' 1 • I 1 ! ' ' . . ..=...», Good Ordinary.. .......^^.... Low Middling MirtdiiTig ..." GK)od Middling Middling Fair „. 600 610 6-25 6-63 6-72 6 87 700 710 725 6-35 «-97 7-35 7 44 7-54 7 96 8 06 7-69 8-21 8'3l GULF. Sat. Gtood Ordinary 6-25 6-87 7-25 7-69 Low Middling , MlddUng Gtood MlddUng MlddUng Fair. , 8*2 STADTBD. Low Middling Middling .. Low MlddUng Tinged... Good MlddUng Tinged.... Strlet V79 Mon Toes Wed 6-35 6-97 735 7-79 8-31 6-50 7-13 7-50 7-94 8-46 ITIoiii 5-50 6-80 6-66 7-00 560 660 5-75 6-76 6-91 FrS. 660 6 70 6 '8 5 7-32 7-47 770 8)4 7«5 6-85 6-85 7-01 675 Tto. 745 7-22 74>0 8 04 8-66 Tuea Wed Sat. 7-89 8 41 6-60 7-22 7-60 S'04 8-6« 6 45 7 07 8 66 8-29 8-81 Til. jfn. 5-95 6-95 7-11 7-45 7'10 7-26 7-60 610 710 7-26 735 The quotations for middling upland at New York on Feb. 3 for each of the past 33 years have been as follows. 1905. ...0. 7-60 16-60 1904 9-00 1903 1902 1901 1900 1899 1898 SJ* 10 85,e 66,a 6i5i8 1897. ...0. 7'4 1896 1895 SH 5»s 1894...,., 7i5i6 1893 9^8 1892 1891 1890 '/7,e 9Vi 1015, 1889. ...clO 1888. .....lOSg I88I....C.IUI16 13 1880 1887 1879 1878 1877 1876 1875 1874 9ifl 1886...... S3,e 1885 1884 im 10% 1883. lU3i8 1882, .....12 Sifl IH'6 laiSjg 13 Saturday .. Monday Quiet futttkes Market Closed. Sales of Spot Ex- Oon- Oon- tump. tract. Firm Quiet. 10 pts. ad. 8t"i*dy Tnesday y^ulet, ispts.ad Very steady. Wednesday >jmet, lOpts. ai hum Thursday.. Qnlet, lOots. ai. steadv Frday. ... Quiet.l5pt8.ad. Very steady. 376 105 227 58 i,ioo 2,600 306 1,510 36 200 300 300 2,310 4,200 . . Total & Oontbact. port. 883,000 542.000 609,000 946,000 63,000 40,000 716,000 460,000 479,000 JontlnentalBtiOflbo. ..«„,.>.,..„„ 626,000 imerioan afloat f 07 Europe,.. 508,000 ^15.000 889,000 f 3 1,000 773,696 1,005.253 891,374 Jnlted States BtooJt -...^., 781,474 424.342 437.738 617,416 jjnlted States! nterior stocks. 674,374 47,515 36,325 48,713 34.867 inltad atateaoTpoFtB fio-day. X'oeal ikmerloan...... .. 3,547,715 3,012,761 3,137,316 3,518,305 Saet Xndia%, Braaii, <ti 94,000 71,000 77.000 88,000 aT«rpoolBtook.....«i...»..„««, 7,000 9,000 13,000 10,000 umdoB stock 7,000 8.000 Manchester stock '38,0(56 '33,0"cd 32.000 43 000 >on»uefti»ia&ooace, ..... 88,000 80,000 186,000 144.000 Edla »no»t lor F.urope . ....... 50,000 60,000 39,000 43,000 8«ypJ,Br»all,At5.,ano»t 235 000 1 90.000 249,000 Jtoci In Alaiandrla, Egypt... 198,000 424 000 393,000 Itook In Bombay, India.. ...... 4 17,000 337,000 914.000 lotal JSast itiidla, *o. „ 874 000 934.000 928,000 3,547.716 3,042.7513,137.316 3.518 3 05 Total Auie?lcan..., 4.421.715 3,976.751 4,063,316 4,482 805 TOtslTiBiblBBOpply ^^Iverpool fltook ..balsG. Manchester stock........ . 15i« IS's MARKET AND SALES. The total sales of cotton on the spot each day during the week are indicated in the following statement. For the convenience of the reader we also add columns which show at a glance how the market for spots and futures closed on same days. Spot Market Closbd. Stock at Bremen 403.000 407,000 239,000 220,000 Stock at Antwerp ........ ...... 3,000 3,000 4.000 4,000 Stock at BCa^rre.... _...„... 151,000 187,000 161,000 226,000 Stoob at iS»irH®lUes.„., ...... ... 2,000 3,000 2,000 3.000 Stock at Saroelona... „„...„. 43,000 45,000 62,000 37,000 Stock at Genoa.... ........... 37,000 46,000 38,000 43.000 Stock at Trii«»te.i.»«.„ ~~.«. 2,000 2,000 2,000 3,000 Total Oonttnental stocks. 669,000 748,000 488,000 512.000 Total European stocks.. ..1,689, 000 1,454.000 1,177,000 1,659,000 88,000 India cotton «aoju!b Tor .eatope 80,000 186,000 144,000 Ajner. cotton *floAtf or K'rope. 608.000 616,000 589,000 534,000 60,000 43.000 60.000 Esypt, Bra2ill,Ae., afflD Jor E'pe 39,000 Stock in Alexandria, Egypt... 198.000 235,000 190,000 249.000 .^37,000 424,000 393,000 Stoolc in Bombay, India. ..«.«. 417,000 Stock in United ."itRtes porta.. 781,474 733,696 1,005,253 894,374 437,738 617,416 Stock in O. 8. mtojrlortiowna,. 674,374 424.342 47.515 48.713 36,325 United States '•xpoTtis to-day. 34,867 Total visible supply. ....4,421,715 3,976,781 4,063,316 4.432,805 01 the above, totals of AmerJ.oazi ano. other desoriptioitM are *a toUoyit: • Upland, Ll-^erpool.. eiddung Upland, New York.. Igypt Good Brown. .Liverpool 3 97d, 375 105 ^•ruf Rou);h oond, Liverpool Sioaoh riae, Liverpool....... 1030d. 4d 1,3^7 2,658 1,710 "Innwveiiv ©ood, LtverpooJ... 4ii6d- Total. 635 6810 Cldailnsr . 7116-1. "'^""^ •32d. 15-500. lO^ed. 9-75d. 758i. 7i«d. •^•«fi'i 4-88a. 9-150. ^»"*^49i«d. 8 '40. £3ied. 7*3od. e-'ed. 4^d. 49,8<1. 408d. 4B8d. 7d. Continental Imports past week have been 160,000 bales. The above figures for 1905 show a decsrease from last week of 156.902 bales, a gain of 444.964 bales over 1904 an excess of 058,399 bales over 1903 and a loss of 10,590 hales from 1902. THE CHRONICLE. 606 At the Interior Towns movement — that is the the shipments for the week and the stocks to-night, and the same items for the corresponding period of 1903-04 is set out in detail below. receipts for the week and the since Sept. 1, — 1=: 2.5» CD O 99 OS ri o ' EG O : 3 > OB, p i^ b>-1»- M i^i^i^i^i^S" V Vw >«• • Pf I* i''^'^ 1 • cj-b^ a osb 05u>*k1f^ ooi—b'fooooo OX>OOOC;>05-J0505<305*>-l(iWaO<lQDI>3»JC«;KICO~q*>.COOK.O»OtO k: CO «3 K-* 00.-C0>-C''O»»J05*l~<We0«O "Vj'oo't-' ooVj >-"M CO h- eo o» O" ' , l^tOOOC'i|f.O>t<J&.-h'Oi-l-'<l<10IMCC^]eOi^.N)C005tO 5 M ta to tn05' b bb' 00 c»;c;>; '-'t: CO w"iP>. cob 1^-00 W '^j-' P tobccbbw* Vito"dco3<iV bb J-" tO^j-* J-" P","* i"* m »5 OOOi-'-JCO CO -o3i-'<J^O>3'. MOlCOOl'' M #" vj CO Cn tw -J CO *». hi M O t9 CO 05 Or «> 6\ 6% 6'8 7 6\ 6% 6% 7ie 725 712 760 7 7-25 7-12 7-35 710 712 6\ Little Rook.. eifl 6^8 7-50 7 7 7 67« 615i8 6I4 7 7 7 t% 7 7 714 714 7-35 7-25 7-70 7-45 7-37 7 85 73, 75l3 7k 73,8 74 7ie 7i« V«ie 7k 6i« 6I4 7^6 7k" 6V 7 7i« 73^ 7J« 7iie 73,. 71l6 7J4 7k 64 698 New Orleans Option Market.—The highest, lowest and closing quotations for leading options in the New Orleans cotton market the past week have been as follows. Sat'day, Monday, Tuesday, Wed'day, Thursd'y Fnday, Jan. 28. Jan. 30. Jan. 31. _ 6-68 6-73 -75 Nominal. _ — _ _ Feb. 2. _ — — _ _ Feb. 3. — ^ _ — _ _ 6-96-13 6-75-91 6-79-06 6-88--89 7-64--05 700-15 7-1-2--28 701-02 7-21-22 6-?5-99 6-88-'16 7-13-*14 710--25 7-11-12 6-71--92 6 72--73 Range .. 6-65--73 6-7 6-98 Closing.. 677--78 6-77-'78 6-74- 81 6-86--87 6-8.5-05 6-86--87 . Feb. 1. 6-74- 02 6-57 -71 6-70- - 6-71--86 Closing.. May- I b^ioob — c>)toCCTo©^if».i^acDcwc»;i^OCC<iaD®c»cow--icftaoc;i(0 totOM«ic;iif^cna>MWOi(^ooc;ic<ia^-i-'iF'<iif'050t5c;<w-jO toco 7 7 Houston Range O W p T'le 6i5,e 7 6'8 Maech— M 613,« 688 678 658 7 7 St. Louis.... Closing.. ; 6S9 6'^8 Jan'akyRan^e to CD e\ Memphis tOOCCO«40DOWaDh-©CeWO~J»OOM«ait>'OtOtOQrtO®OD|^-<IX|^0>- ® 668 712 if'bi-'ip.i-'oiwbcjixloaicnb tooscoenrfkco bVi^'to*. •jtKtotOi^ •»iCOc;>cootooiif>.0'Cciyioaoc'Ox03C>S'3oooco<itc0505QOi^ci50:i-'ttno 09 6% I I QOXt-'i-'C/>i^-<jc-. Oi«<il^co«;ioo-sii^p-o;co<looc;iwif>.OW<i05<lil^c;iODa t3 7 e-'e closing quotations to-day (Friday) at other important Southern markets were as follows. Atlanta Louisville Natchez 738 7iie C^s Columbus, Ga.. 7 Montgomery.. 73] Raleigh ek 6S8 6'^8 Columbus, Miss iNashvlUe...... Shreveport..., e'is 35 co-aosooosiccovjoooto a bVib'iP'-b''-' »J^ r-litcbb 0; H" b cxX:' oo^ b'— ^'Isbi'w yi WlP'MOtt'OiOiO Monday. Tuesday. Wed'day. Thursd'y Friday. Sat'day. Baltimore... Philadelph'a Augusta..... MTPDUKO COTTON ON— The OWOt>-Oi>'05WCCOCO»-.*'l-'«l^~J050D0500aOC<305«<OC/3l— "lOWl^OS QDOS»0<1CO ' Boston .IS h: If". <» II or CI B ^ 5S H a o w 3. . o B OLOSINO QUOTATIONS FOR Week ending Galveston. New Orleans Mobile Savannah... Charleston Wilmington. Norfolk * B C S' goScS Quotations for Middling Cotton at Other Markets.— Below are closing quotations of middling cotton at Southern and other principal cotton markets for each day of the week. Feb. tug's o ae Vol. lkxx. 7-10 27 7-21 683-84 7-00-01 699-00 July— C6 >-• « -* t0pipc;ipp Cep^ t*P^ — Mj-^^CCppV tOM^ tn^^OD to <1 CXj-4 #>*< #-b -jVi't -jlobrf^blobb oo^Vi Colo >-''*'"K;lo'toif»^ b'xblobb — ^ . August— #. «ia6<10WCO<lC!iOtROIlf.COXCO»0;r:CC^3-. C0lf^<ll-'C»C0,-OC»3C0 c:ffltoti'towy<tocowoocotc.cotoa;if:'3;tCT-wtOr-i-jca;^aco<io>xo >» cotctowMtoM ^ ^^y^?'^ Pi°T'S^ cop MM ^jo to o\o (o't*. oi oi H^ r^b cob wbTcTf'- CO Vj oib m <ib -^'^^'|-'^?' 0>b Tp'VjVj co Range Closing., CO ' 5, - 6-97--38 701-02 — — Range.. 690- Closing. 692-94 6-92--34 7-02-04 7-18--20 7-16-18 Firm. Steady. Steady. Hteaay. Firm. Firm, Firm. Steady. Steady. Steady. _. _ .. _ 7-21--36 730--31 7-34--36 7-34--38 --24 ONE— Spot.... Options. Firm. Steady. ODtOQCl^QOlOC'hOl-'OC^t^tJ'COOlXI-'lvC^OOlCOikitOOCQO.-QDCOi-'tOCWO ii^vjococoif»to©waco©a.ai«aif'MMoo>-oiMQD<jcoMU'if>.c;icj>QDO OS If' O MM M ^ 00 it. O «3 to O to 05 CO * CO tobiM'I&.booVib«M''cob'ip>-'^b«M'r''M lf»- *. I- If!. ifk M 01 to M to O0!*»t0i-' 1^ Mloaotob<io"tob*>>b'to cnoD^iOi^O<ii^acMQocooco05asQoQoaocoosocotoc;icocoOMawc;i MtOOlf^COMMOStvXOlf^M»<U<lf^CCMMCO-4aseCOl^CO-^MCO»009tO'>) The above totals show that the interior stocks have decreased during the week 22,2 4 bales, and are to-night 250,C32 bales v\ore than same period last year. The receipts at all the towns have been 44,343 bales iess than same week last year. Overland Movement for the Week and Since Sept. 1.— give below a statement showing the overland movement for the week and since Sept. 1, as made up from telegraphic reports Friday night. The results for the week ending Feb. 3 and since Sept. 1 in the last two years are as follows. We 1904 February 3. Week. Shipped— Via 8t. Lonls Via Via Via Via Via Rock Island Louisville Cincinnati other roates, Total j^rosB overland.......... Deduct shipments— Overland to N. Y., Boston, &o.. Between interior towns Inland, &o., from Soutb Total to be deducted..... .... Week. Since Sept. 1. 340 6?4 15,297 13,020 5,941 152 7,446 1,432 8,927 38,093 824,178 36,918 778,346 6,901 2,138 223 107.025 9,318 28,635 2,928 2,669 3,692 45,055 22.314 31,015 9,262 144,978 9,289 98,384 860 &o Since Sept. 1. 1903-04. 320.980 207,871 32,927 58,433 39,615 166,352 12,599 6.395 1,343 1,599 Cairo 05. 198,874 P,511 55,372 23,143 148,822 Leaving total net overland' 28,831 679,200 27,629 679,962 Including movement by rail to Canada. The foregoing shows that the week's net overland movement this year has been 28.831 bales, against 27,629 bales for the week in 190i, and that for the season to date the aggregate net overland exhibits a decrease from a year ago of 762 bales, . 190405. 1903-04. In Sight and Spinners' Takings. Week. Eecelptfl at portu to Feb. 3 Net overland to Feb. 3.. .-... Soutbern consumption Feb. 3 — Total marketed Since Sept. 1. Week. Since Sept 1. 140.223 6,641.427 153,60 > 6,111,676 28,831 679,200 27,6<;9 679.962 44,000 920,000 42,000 915,000 213,054 8,240,fi27 223.231 7.706,638 '22,:'04 612,714 '26,047 412,740 Interior stocks In excess 196.584 Came Into sight during week. 190,850 Total In sight Feb. 3 8,853',34i 8,119,378 North, spinners' tak'gs to Feb. 3 * Decrease during week. Movement Bales. 6 i'40,l.')5 7 8 148,492 191,023 238,683 9 24,589 1,343,441 51,007 1,522,081 ,.. an inch. The thermometer has averaged 45, ranging from 30 to 60. have had rain on four days during the Taylor, Texas,— week, the precipitation reachfag fifty-two hundredths of an inch. The thermometer has ranged from 24 to 54, averag- We ing 29. — Paleatine, Texas. There has been lighl: rain on three days of the week, the precipitation reaching 83 hundredths of an inch. The thermometer has averaged 41, the highest being 54 and the lowest 28. We have had rain on two days durFort Worth, Texas.— ing the week, the rainfall reaching twenty-two hundredths of an inch. The thermometer has averaged 36, ranging from 16 to 56. Abilene, Texas, during the week. 56, averaging 33. —We have had a trace of rain on one day The thermometer has ranged from 10 to Shreveport, Louisiana.— There has been rain on three days during the wfek, the precipitation being one inch and fortyfive hnndredihs. The thermometer has ranged from 26 to 54, averaging 40. New Orleans, Louisiana. The week's rainfall has been twenty-seven hundredths of an inch on one day. Average thermometer 49, highest 77. Columbus, Misalfsippi.— There has been no rain during tha week, Average thermometer 30, highest 50, lowest 10. Vickfiburg, Misaiesippi.—We have had rain on threa days of the week, the rainfall boing one Inch and sixty-four hundredths. Sleet to-day. The thermometer has averaged 38, ranging from 27 to 57. Little Rock, Arkansaa.—Theve has b en rain on four days of the past week, the precipitation l)3ing one inch and fortvThe fcur hundredths, including five inches of snow to-day. thermometer has averaged 32, highest bding 49 and low- — est 7. into sight in previous years. Week— 1903 Feb. 1902- Fob. 1901- Feb. 1900- Feb . Weather Reports by Teleoraph.— R-^sports to ns by telegraph this evening Indicate that the weather has been rather cold at the South during the week. Rain hag fallen in many localities, but the precipitation has been light in the main, and in some sections there has been snow. The unfavorable weather has interfered with preparation of land. Some correspondents report that the holding of cotton for higher prices restricts the movement to market. Oalveston, r^Tas.- There has been rain on three days durirg the week, to the extent of ninety hundredths of an Inch. Average thermometer 50, highest 60, lowest 40. Corpus Christi, Teoeas.—We have had rain on four days of the past week, the precipitation being thirty-four hundredths of an inch. Tne thermometer has averaged 53, the highest being 70 and the lowest 38. San Antonio, Texas,— There has been rain on two days of the week, the precipitation reaching twenty hundredths of Since Sept. l — 1902 03- Feb. « lPCl-02— Fob. 7 180001-Feb. 8 1899-00- Feb. 9 Sales. 8,162.317 8,024,0^5 7.774,142 7,061,819 Helena, Arkansis.—'tio farming this week. It has rained of the week, the precipitation reaching thirty-seven hundredths of an inch. The thermometer has averaged 29, ranging from 9 to 44. Memphis, Tennessee.— Bid weather and inclination to hold and snowed on two days Feb. THE CHRONICLE. 1905, 4, cotton interferes with marketing. There has been rain and snow on three days during the week, the precipitation reaching one inch and fifty-one hundredths. The thermometer has ranged from ir2 to 431, averaging 28 9. have had ten inches of snow darNcshville, Tennessee.— ing the week. Average thermometer 26, highest 46, low- 607 yarn and cloth is good. We give the prices for to-day below and leave those for previous weeks of this and last year for comparison. 1904-05. We 32« Oop. est 7. Mobile, ^/obawMi.— Cotton is being marketed very slowly, being gererally held for higher prices. There has been rain on one dty during the week, the rainfall being one inch and twelve hundredths. The thermometer has averaged 49, the highest being 57 and the lowest 33. M<mtgomery, 4ia&awa.— Unseasonably cold; plowing interrupted. We have had rain on one day of the week, the precipitation reaching twenty -two hundredths of an inch. The thermometer has ranged from 21 to 55, averaging 43. Selma, Alabama.— Dcy all the week. The thermometer has ranged from 25 to 55, averaging 40. Augusta, Georgia.— Sstlea of cotton Increasing, It has rained on one day of the week, the precipitation being one hundredth of an inch. The thermometer has ranged from 19 to 59, averaging 42. Savannah, Oeorgia.— There has been rain on three days during the week, the rainfall being twenty- five hundredths of an inch. The thermometer has averaged 47, the highest being 68 and the lowest 24. Charleston, South Oarolina.— It has rained on one day of the week, to the extent of six hundredths of an inch. The thermometer has averaged 44, the highest being 66 and the lowest 24, Stateburg, South Carolina. —The weather continues cold and farm work progresses slowly. There has been light rain on one day of the week, the raiofall being four hundredths of an inch. The thermometer has averaged 41, ranging from 18 10 57. We Cfreemvood, South Carolina.— have had no rain during the wf'fck. The thermometer has averaged 35, the highest being 4^ and the lowest 25. Census Eureau Eeport on Cotton Ginned Prior to Jan. 16.— The Census Office made public on Feb. 1 a second preliminary report of the quantity of cotton ginned in the United States to January 16. The report included returns from C95 out of a total of 812 cotton-producing counties, in which 9,803,020 running bales had been ginned from the opening of the season down to Jan. 16, against 7,419,690 running bales in the like period of 1903-04. Counting round bales as half bales, this year's total reaches 9,717,693 balep, against 7,168,881 bales last year. It is further stated that 477 ginners refused to give information and that no effort has betn made to estimate the amount ginned by these ginners, but that the quantity last reported by them (134,111 running bales) has been carried forward in this report. Movement prom all Ports.— The receipts Bombay and the shipments from all India ports India Cotton of cotton at for the week ending Feb. 2 and for the season to Feb, 2 for three years have been as follows. 1904-05. Beeeiptt at— Since Week. Bombay 1903-04. 79.000 889.000 Qreat Britain. Sept. 1. 834.000 87.000 806.000 Since September For the Week. Mxports trhm - Great Oontinent. Total. 3.000 72,000 27,000 3,000 75,000 28,000 1 Since Week. Sept. 1. 93.000 Sept. 1902-03. Since Week. Sept. 1. from Oontir nent. Britain. 1. Total. Bombay— 1904-05.. 190304.. 1902-03.. Oaloatta 1904-05.. 1903 04.. 3,000 1,000 1902 03.. Madras— 1904 05.. 1903-04.. 190203.. others— All 1901-05.. 1903 04.. 1902-03.. Total all— 1904-05 1903-04. 1902-03. 3,000 1,000 Alexa ndria 3,000 72,000 27,000 Receipts 3,000 75,000 28,000 86,000 231,000 224,0l;0 95,000 248,000 235,000 1,000 2,000 9,000 8,000 13,000 9,000 9,000 15,000 2,0C0 6,C00 2,000 12,000 20,C00 7,000 14,000 26.000 9,000 4,C00 3,0C0 13,000 40,000 40,000 29,000 44,000 43,000 42,000 9,000 17,0D0 11,000 15,000 27,000 28.000 147.000 299,000 162.000 326,000 301,000 •<i73,000 and Shipments of Cotton.— Alexandria, Egypt, February 1. 1904-05. 1903-04. 140,000 4,312.544 5,302,754 1902-03. 8M s. 7% ©SVi 7i« w« 7% Jan. 6 " 13 '(t)^ " 20 7 rt* " 27 6i5|gi^77g Feb. 3 6i5jg®778 d. Exports This Since week. Sept. 1. (balea)- To Liverpool ., To Manofieeter.'.I'" To Ciontliient To America Ig^gLgggggt B. * A oantarlsWlbB^ 200,000 This Since week. Sept. 1. 5,750 134.795 10,500 152,^01 6,000 77,778 8.750 87,329 4,500 159.988 P,250ll81,.'>13 1,750 36,759 2,000: 33,877 170,000 5,093.183 I Since This week. Sept. 1. 5,55S 146.768 4,604 101,394 4,677 176,767 93 56.108 Twist. lipids d. a, 3 11i3'97 I 4 0>aa7 3 11 f 6 11 3 11 ' 6 10 3 10 1. 6 9 3 10 ®6 9 d. d. 3-77 9^9 379 3 80 3 81 93^1 9% to d. ®10 8. d. 6 1 d. a. 9 6 6 3 6 9 -aiS 11 -a 9 3 3-97 10>«»lli« 6 6 '39 36S d. 696 706 9 -as 1 ®8 iiflas a 10 6 'CDIO^ 6 lipids fines !. 7-50 1 8 00 8 52 7*82 3 — Shipping News. As shown on a previous page, the exports of cotton from the United States the past week have reached 177,828 bales. The shipments in detail, as made up from mail and telegraphic returns, are as follows: Total bale*. Liverpool, per steamers Battle, 3,621.. ..Victorian, 790 4,411 To Havre, per steamers Ceylon, 245 La Champagne, 50 upland and 90 Sea Island 385 To Dunkirk, per steamer Ceylon, 100 100 To Bremen, per steamer Brandenburg, 1.510 1,510 Nkw Yobk—To To To To To To Hamburg, per steamer Pennsylvania, ICO 100 Rotterdam, per steamer Wearslde. 448 448 Antwerp, per steamer British Empire, 792 792 Christiana, per steamer Kentucky, 100 100 Genoa, per steamers Koenigen Luise, 8i.9 Llgoria, 100....PrlnzO8kar, 1.235 2,184 To Naples, rer steamer Koenigen Lulse, 192 192 To Trieste, per steamer Giulla, 935 935 To Venice, per steamer Giulla. 150 150 To Flume, per steamer Ultonia, 100 100 New Oblbanb-To Liverpool— Feb. 1— Steamer Matador, 6,347 ...Feb. 3-Steamer Comedian, 10,000 16,347 To Glasgow- Jan. 27— Steamer Basuta, 1,457 1,457 To Havre- Jan. 28 -Steamer Syria, 2,402 2.402 To Dunkirk- Feb. 3— Steamer Stanfleld. 700 700 To Marseilles Jan. 31— Steamer Eros, 100 100 To Bremen -Jan. 31— Steamer British Prince, 9,888 Feb. 2-Steamer Irli-hman. 23.000 32,883 To Hamburg Jan. 28 Steamer Syria, 1,216 Jan. 30 — Steamer Volage, 250 Jan. 31— Steamer Captain W. Met zell, 1,005 Feb. l-Steamer Duart, 77 2,573 To Rotterdam— Jan. 30— Steamer Llangollen. 563 563 To Barcelona -Jan, 81— Steamer Italia, 4,' 0J....Feb. 1— Steamer Miguel M. Plnillos, 5,600.... 9,600 To Genoa -Jan. 31- Steamer Italia, 10,000 Feb. 3Steamer Cymbellne, 3.757 13,757 To Trieste- Jan. 31— Steamer Eros, 2,400 2,4C0 To Flume- Jan. 31-8teamer Eros, 499 499 To Venice Feb. 3 Steamer Oymbe:ine, 3,400 3,409 To Mexico -Jan. 28-8teamer Norheim, 834 834 OALVESToir— To Manchester— Jan. 28 Steamer Mercedes de Larrlnaga, 4,845 4,845 To DuDblrk— Jan. 27— Steamer Stanfleld, 518 51S To Hamburg- Jan. 27~8teamer8 Inohmaree, 2,148; ManJan. 31 Steamer Appledore, chester Inventor, 1,200 1,628 ...Feb. 2— Steamer Coaladon, 1,150 6,126 To Antwerp -Jan. 27 Steamer Thurland Caatle, 2,153 2,153 480 To Mexico- Jan. 30- Steamer Galveston. 480 Fort Arthur—To Ltverpool-Jan. 27 -8tr. Waverley, 3,953.. 3.958 MOBILK—To Bremen— Feb. 2— Steamer Aehanti. 9,382 9,382 PEKSAOOLA— To Liverpool— Jan 31— Steamer Ernesto, 5,500... 5,500 To Genoa- Jan. 28 -Steamer Planet Mars, 3,245 3,245 SAVANNAH-To Bremen, etc Feb. 2— steamer Roland, 6,530. .. 6,530 To Barcelona- Jan. 28 -Steamer Clara, 5.990 6,990 To Trieste -Jan. 21— Steamer Clara. 100 100 200 To Flume-Jau. 28— Steamer Clara, 200 BBCN8WI0K—To Liverpool- Jan, 30-Str. British Trader, 3,918 3,918 Ohablbston— To Bremen—Jan. 30— Str. Manulagtry, 6,976. .. 6,978 BOSTON-To Liverpool- Jan. 31— Steamers Iverula, 3,540; 5,75C Sachem, 1.715.... Feb. 1 Steamer Devonian, 501 1,362 To Genoa -Jan. 27— Steamer Romaaio, 1,362 Baltimobb—To Liverpool -Jan. 29 -Str. Templemore, 1,434.. 1,484 To Bremen -Jan. 26 -Steamer Darmstadt, i48....Feb. 1— 448 Steamer Qera, 300 f 56 PHlLADEiiPHiA-To Liverpool— Jan. 27— Str. Frlesland. 856 SAN Framoisoo—To Japan— Jan. 23 Steamer Manchuria, 9,074 8,083....Feb.2-Steamer Doric, 991 177.828 Total LiVBEPOOL.— By cable from Liverpool we have the following statement of the week's sales, stocks, &c., at that port. 1 Jan. 13. Sales of the week bales. Of which exporters took. Of which speoulators took. Sales American..... Actual export Forwarded Total stock— Estimated Of which American-Est'd. Total import of the week Of which American Amount afloat Of which American.... 82,000 6,C00 6,000 80,000 16,000 79,000 929,000 862,000 151,000 138,000 301,000 250.000 Jan. 20. 64,000 8,000 3,000 49,000 13,000 92 000 938,000 868,C00 116,000 93,000 306,000 258,000 Jan. 27 Feb. 3, 60,000 5,000 7,000 57,000 15,000 86,000 960.000 883;O0O 122,000 102,000 211,000 207.000 59,000 4,00C 8,000 67,000 15,00C 66.000 940,000 861,000 82,000 65,000 304,000 256.00C The tone of the Liverpool market for spots and futures each day of the week ending Feb. 3 and the daily closing prices of spot cotton, have been as follows. Be^pts (oantarb*)— This week.. Since Sept. 1...".'"*" 9Hlbs. Shirt-\ Oott'n 32» Oop. mgs. common] Mid. Oott'n common Mid. to finest. d. d. Dc.30 lbs. Snirt- ings, Twist. 1903-04. Spot. Sat'day. Market, { 12:30 p. M.^ Firmer. Mid. Upl'dB. Sales Bpeo. Si exp. Monday. Tuesday. Wed' day. Thursd'y Friday. Fair Fair business Moderate demand. bnslness doing. doing. Fair business doing. Good demand. 3 75 377 3-78 3 83 392 3-97 7,000 1,000 10.000 2,000 8 000 1,000 10.000 2,000 12 000 2,000 12.000 4.000 Qnlet at Qnlet at i 18,000 4 09.320 "30.50o!454.919 15.770 480 037 " " Manchester Market.- Our report received by cable w-mgtit from Manchester states that the market continues steaay for both yarns and shirtings. Tte demand for oth \ Futures. Market opened. Market, 4 p. M. 1&3 \ pti. advance. \ 5 pts. advance. Br'lysfdy Sreadj \ \ 1 pt. de. to I pt. adv. 8a9 at pts. ad'auoe. unlet St steady ai Steady 4 pts. 8 pts. decline. advance. advance. Steady 2im at pts. decline. rirm. nncb. to pt. adv. at 6 pts. 1 Qnletat Steady at Steady at lez pts. 11®13 pts. &^6 ptt. adranoe. advance. 1 tdvance. THE CHRONICLE. G08 TJae prices ot futures at Liiverpool tor eacti day are given Prices are on the basis of Uplands, Good Ordinary clause, unless otherwise stated, below. Sat. nion. Jan. 28. Jan. 80. Tnes. Tbnrs. TTed. Jan. 31 Feb. Feb. 2. 1. FrI. 1 d. d. 3 . . d d. d. 61 3 59 3 63 ^ 61 3 £9 3 63 Jan.-Feb 3 62 361 3 e.'s Feb. -M oh Mch.Aprll. S68 3 t6 3 70 3 71 3 70 3 74 April May May- Jane.. 3 74 3 73 3 77 Jane- Imy. 3 77 3 76 .^80 3 79 3 78 3 82 Jnly-Auf? 381 3 80 3 84 AuR.-Sppt Sept -Oct.. 3 83 3 82 3 86 Oot.-Nov... 3 84 3 83 3 88 Nov.-Dec. .. 3 86 3 84 3 89 January d. d. d. 3 68 3 64 3 68 3 64 3 6b Feb. 3 69 3 3 69 3 64 3 66 3 74 3 69 S-Jl 693 3 78 3 73 3 7.'=' 881 3 76 3 78 3 84 3 79 3 81 3 86 381 3 8:-' 3 88 3 83 S8f 3 8t 3 90 3 92 3 86 3 88 S93 3 87 3 89 7813 Rll3 74 3 343 86 3 88 90 91 92 3 3 3 3 d. d. 904 78 78 83 80 87 89 80 8ft 90 92 93 94 95 f6 S6 97 98 99 99 4 00 00 4 01 83 83 89 92 95 96 99 01 03 04 05 3 86 3 86 3 91 3 94 3 97 3 99 4 4 4 4 Vol. lxxx. DAILT 0LO8INO PBIOES OF NO. 2 MIXED OATS IN CHICAGO. Sat. Th-it-rt. Mon. Tuet. Wed. Frx. May 30% SOas July 3013 S0>fl delivery In elev del) Tery In elev Sept. delivery in elev 3008 3038 sole 297g 3038 301« 28% 28ifl 28!>8 3038 sole 28S» Following are the closing quotations: 1219 4 I210 4 12i« 4 124 4 12it 4 P.M. r. M. p. M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. 124 I 01 03 04 05 4 06 FLOUB. Nominal. Patent, winter $5 Snperflne City mills, patent. 6 $3 76 a4 00 Extra, No. 2 4 05 'a>4 10 Rye flour, superfine 4 Extra, No. 1 4 15 'a>4 25 Buck wheat flour.. 1 Ulears 425 '»4 55 Corn mealStralghte 5 35 as 60 Western, etc 2 Patent, spring 5 »0 96 85 Brandywlne 2 OBAIH. WTieat, per bush— 0. 0. Com, per bush— N. DuL.No.l Western mixed.. 1.0.b.l27 N. Dul., No. 2 f.o.b.l20ifl No. 2 mixed Red winter. No. 2.. f.o.b.l22 No. 2 yellow Hard winter. No. 2. f.o.b.Nom. No. 2 white ^ats— Mixed, p. bush. 36 '8136'fl Rye, per bushS6I4940 White Western No. 2 mixed Nominal. State and Jersey. No. 3 white.... Nominal. Barley— West Fine... Fbidat, Feb. 3, 1905. business been transacted, but it has has A fair volume of been at prices more favorable to buyers. Early In the week there was some cutting of values, especially in spring patents. This served to attract buyers, who placed orders for fairly good lines. A fair export business has been transacted by the Northwestern and local mills in bonded spring-wheat The close of the market was steady. Rye flour has flours. had a limited sale at steady prices. Buckwheat fl mr has been quiet and unchanged. Corn meal has sold slowly and prices have been easier. Speculation in wheat for future delivery has been on a limited gcale only, but there has been m good undertone to the market and prices have made a moderate advance. Early in the week a reduction in the estimates of the exportable surplus of wbeat of both Argentina and Australia favorably influenced values. Statistical developments were about as 10 •»2 70 ©2 85 90 92 95 0. e. 955% 49 t. t. f. 0. b..56% o.b.Nom o.b.Nom 989 82 Nominal 963 42%944i« 46 Feedintf BREADSTUFFS. ®5 90 ©6 75 »5 00 85 25 35 95 Exports of Grain and Flour from Faclflc Ports.—The exports of grain and flour from Pacific ports for the week ending Feb. 2, as received bv telegraph, have been as follows: From San Francisco to United Kingdom, 82,000 bushels wheat and 99,(100 bushels barley, to various South Pacific ports, 3.872 bbls. flour, 450 bushels wheat and 70 bu?hels oats. From Puget Sound for various Pacific ports, 5,154 bbls. flour, 2,524 bushels wheat and 3,184 bushels oats. Combining these figures with those tor previous weeks, we Qave the following, which covers the exports to foreign countries for the period since July 1, 1904, comparison being made with the corresponding period of 1903-04, tizportt Flour, Wheat, Corn, oati. Barley, Bye* from— 520,547 E»nget8'd. 806,898 Portland.. 414,536 Total.. -.1,740 buth. 91,R83 23,383 bush. 1.61*.l71 1,387,075 1,483,760 bblt, dan Fran. buth. 981 4,485,006 115,266 buth' buth. 98,C73 115,648 a 2,888,782 124,050 429,606 214,?29 257.4*1 3,437,438 7,294,620 854 S94 .. 1,248 707 expected and had comparatively little effect. Foreign marThe movement of breadstnffs to market as indicated in th9 kets have held about steady, but the course of values ia foreign markets has less irfluence than usual upon the American itatemants below ia prepared by us from figures collected market due to the fact that with this seseoa's small crop the by the New York Produce Exchange. The receipts at American producer is largely independent of the export de- Western lake and river ports for the week ending Jan. 28 mand, having only small surplus to be shipped abroad. The and since Aug. 1, for each of the last three years have been: total exports of wheat at Atlantic and Paciflo ports so far this meur. Whtat, Com. Oatt. Barl$)i, Bvi. season, it was pointed out, were 37,707,000 bughels, against BeceipU at— 109,347,000 bushels same period last year. Cold weather has Bbi<.lU612>« ButKOOifif Buth.56(bi Buih.32lb, Buth.iS lbs JSu.se Ibt. 1C0,248 been reported from the interior, bat the winter-wheat crop, Ctaloaeo 2,160.900 605.630 924.600 425.46S 21,013 80,925 143.600 11»,60C Sdllwaokee.. 87,120 316.350 11.300 it is undeistcod, has had a fairly good snow covering and as 283.057 59,789 4,570 77 a rule is reported in a promising condition, exclusive of the Dnlnth 1.842,510 143.823 816.30< 248,580 19,600 State of Indiana and Illinois, where there have been indica- Mtnneapolii. 291.000 120,900 21.000 7,600 tions of some damage. During the latter part of the week Toledo 68.600 2,500 47.700 3.200 Detroit reports of a good demand from millers in the Northwestern 447.568 17,105 4,539 85,990 •• *•• markets for cash wheat, and smaller receipts, had a strength- Cleveland ... 192.710 286,860 298,350 48.000 34,300 St. Lonli 54,EQ0 ening t fleet upon values. The spot market has baen firmer a7d,000 20.000 169,001 72,100 11.230 Peoria 9,900 but quiet. To-day the market was firmer for the distant deliv- Eantas Oltr190,800 97.200 2S4 000 eries on the cold-weather reports from the West. The spot rot. '03-4.2.138.851 26.872 5.239.467 — market was quiet and Tot.wk. 1805 slightly easier. NBW YORK DATLT CL08IM0 PRI0B8OF WHEAT FUTUBEB HI Sat. Mon. Tuet. Wed. No.2redwlnter, f.o. b... 1209J 121^ 122i« 122i6 May delivery In elev July aellvery in elev Sept. deUv. in elev llf^ 102% 96 DAILT OIOBIHG PBIOBS OF May deUv. In elev July (leilv. !M mev Sept. deUvery In elev.... 116% 116ifl II6I8 IO314 S6»4 103»4 9638 103 WHEAT FUTUBES Mon. Tuet. Sat. liS'^s lie'% lie'^e 98% 99^ 99H 93i8 9208 93»« 96i8 IN Thurt. Fri. ISasg 122 11658 ll6 lOSSe 104ie 96»« 9688 OHIO AGO. Wed. llti« 99 93 Thur$. tri lie^g 11634 9903 lOttie 96ifl 93>« Indian corn futures have been quiet. The tone of the market has held steady. Only small fractional flactuations have occurred in prices, and for the week they show practiEarly in the week there was a slight yieldcally no change. ing of values, due to an expected free movement of the crop. Subsequently the slight loss was recovered. The feature of the week nas been the continued free buying by exporters for shipments via Gulf ports freight rates are nnderetood to be demoralizfd and at the lowest point touched in years. There also have been moderate export oales for shipment via New York. The cold weather in the West is reported as improving the grading of corn. To-day the market was quiet but steady for both lutures and spots. DAILT OLOBIMO PBICEB OF NO. 2 MIXED OORM IN NBIVT YORK. Tuet. Wed. Thura. Mon. Frx Bat. 54% 84% 64% 65 55 Oaehcomf. o. b 55% 60V* 50 50»4 50 1« 50 May delivery In elev 60% ; 60»4 SOSa Jnly dellv. In elev DAILY OLO8INO PBIOBB OF NO. 2 MIXBD OOKN IN OHIO A GO. Sat. Mav delivery In elev July delivery In elev Bept. dellverv In elev 45 4538 45''8 Since Aug.l. 10C4-5 1903.4 253,881 "1^93,768 8.242.0»S 270,650 4."o"ie,898 "2^39.429 1,114.583 3,859,648 1,128.749 94,890 130 819 269.608 6,373,466 3,831.99^ 4,768,09t 1,577,783 178,864 4,187,211 9.789,7.38 149,938,397 09,951,413 93,971,830 18.30S,039 5,017,091 11.229.0?9 159.929.992 94,439,532 92.879.5 i2 46.064,98^ 5,029,930 11.5P6I93 188,214.074 77.910.285 107,401.080 39.871.905 7,043.868 908-3 The receipts of Bour and grain at the seaboard ports week ended Jan. 28, 1905, follow: for the OStI, Receivti New kH» at— York. .......".^ Boston.. Portland. Me Philadelphia .*. »,. ."t9 . Total week....... »Mk kn*h. 89,788 23.217 1,395 ...«>..« Baltimore ........ RlChmorKl Newport News... .^.. New Orleans OalTentoa. Norfolk Montreal Mobile St. John, N. B, 646.136 86.325 1,890 972 50.445 8.660 83,388 9.»aV 80.3.855 41J.OOO 158 15,117 44.173 28.700 185,548 6.479 1.250 1.917 846.491 259,178 104.400 1.146 "a,o«6 7i!7 4W8,l-fl 24,504 871.828 1,72H. 142 119.700 3,400 zS.OdO 18,193 45,863 4.4»t 40,883 22.670 ..... 848.000 78.486 3.999.977 83.868 47.144 88,158 1,176 8,477 'si'.ooo 'uVs'sa 2.V50 22.050 "8,833 583.288 185.029 11,698 41.171 686,583 72,62tf ii»2.895 btj0,414 2,108,877 Week 1901 Jan. compare au at to 28 from Jku. l ports SQt»l reoelpta foSlows for four years: of- Beeeiptt bbls. jTour 1005. 1,079.749 ..bnsb. ~l,eH8.971 16,467.078 WHeat. Com .., Oats .. Barley aye ... 1904. I,7)i0.919 2.611,887 7,385.419 7.H47.H57 3.0^7,ail esa,:i9n 478.ii8e 61862 194.810 1908 1903. 1,834.867 2,089,786 9.071 623 ii.fiwa. '70 4,280,437 801.307 2;7,583 "7,888.057 1,883,408 4,316,132 a74,«»7 62,148 " 38.003.020 14.821,072 18.730.489 21.405.170 Mon Tue». Wed. Thurt. Fri. 44''8 4453 44'8 44^9 44% The oxporti from iat mevaral seaboard poricn toi tua weete 45'8 4^!% 4538 45H shown In the annexed atatemeaS: 45>« 45% 45% 45% 45% ending Jan, 23, 1905, are Oatt. ftMC Barley, kwak. bufh. bbli. the Western markets have been »UtM kwi^. JBovtrtf /ro»-.~ ku(h. Totalaraln 4..'i:i8 A Nom. Nom. dame wk. '04. Same wk. '03. , Oats for future delivy at quiet and there has been a slightly easier turn to values. prominent speculative bolder has been reported a seller to liquidate hie account, and under these offering.^ the market has yielded. Locally the spot market has been moderately active at about steady prices. Today the market held steady. DAILT OLOBIHO PBIOXB OF OAT8 IN NE^T YORK. Wed. TKurx. Fri. Mon. Tuet. gat. No. 2 mixed In elev No. 2 white in elev • • Nona. Nom. Nom. Nom. Nora. Norn. ZG Nom. Nom. Nom. Haw Tork.. {•ortiaaa. .. Me. 40.000 ... SOfton htlBdelpbU !»)tii)nor« •Sw.rrlN«w Orleans Hobtia 4t.Jotin. N.B. l,3»6 15<,4H8 88,570 10,Mi7 10.500 26.061 M2^55? 687.571 JdlTMton 40.038 80.033 Total weak.. Bamatlma'C4. 944,976 88.331 i,'^8.'.a7 ^^.^-^Xl 25.100 871,^28 forfolk ll4W 668.4<14 .i'* 22,670 4,138,479 1,409.HU^ 27,985 234 "i!260 8,230 SB •••• 1.917 3iej,U04 4.300 861 '83.«33 3.8U8 187,880 6o'|299 "30.469 80.857 8,833 ••••••• ~~ 68,682 5.9' 85,411 18,821 38,000 1 Feb. THE CHRONICLE. 1905. 4, | Ihe destinatloa of theie exports for Jaly 1, ttae week and -« ——0$rn, 1904, is as below: ^ WsBt liidias..>«> »?. K.Am. Colo's Wkft, Wtek hbU I, brtan. 60,033 1.876.«82 783.807 With ainte Juli aintt Julv Jan, 28 l.lOOi. 1904. 7.B39.350 9J1,U76 8,3dO S8rt.775 30.033 91i.875 1. 1804, },a43.U0 15.7!16.8<3 hath. 53,411 "a,U8 42816 8.517,100 50,309.37a 4,183 479 3a.?53,100 35,817,477 057 187,380 3,874631 8ia.«06 10,lb0.3»8 Jan. 28. huth 2,129,5dl 15,534.«z« 15,941 163,811 37.359 83^,534 11«.451 618.803 64.143 25.079 1,1»0 9tli«r •oiiBtrtai mota) Total 1808 04.... ^ -. flavr. Mapartt ftr tH$k ftndi tint* Jan. 28. hhii July 1 19— auitad Kingdon 83,502 4,6E6 •^ Ooatlnant A 0. Am«rla»> since l,40tf,8d2 visible supply of grain, comprising the stocks in granary at the principal point« of accamnlation at lake and iMboard ports, Jan. 28, 1905, was as follows: StfJS, OaU, oarn, j'»«(!» !>««(« kouH In itor$ at— The 5,.. New rorfc..... .... Do aflOBk... 1.500.300 893,000 . 688,0d6 .^ 276,obo 27 000 "JSi.OOO Baltimore...., New Orleaai....,^.^ 79S,000 l.OSJ.OOO QaiTertou ^,^ aftOBtreal ^.,^ 130 000 66 000 SUO.OOO 56,000 16.000 8,470,000 l,590.t00 8,000 Boaton PUUdeiphla Voionto... ,.... isvflalo Do afloat Do afloat..... Detroit Do afloat.... (jaiaaco... Do afloat...o Toledo Mllwgnkae oo 433,000 268.000 8 1,000 90.000 116,000 4.00.T 170 00 140.000 586,000 713.000 3d4,0(JO 73J.000 45.000 12,000 '86,000 68,(100 18,000 1,611,000 2,995.000 3,678 000 361,00'ti »89.00d 1,646,000 247,a00 ' 3,000,000 476,000 8.000 * 17,000 12,000 383',6o(i 2a,oo6 38,000 3,971,000 175,000 392,000 88,000 148,000 5,238,000 95i!,000 £0,000 7,000 1,181,000 21,000 405,000 1,347.000 187.000 23,000 i,Ojo 3.OO0 i8,88S,000 19,351,0t0 &,446,000 4,03).000 4.631,000 1,903,000 1,988.000 1,190.000 995.000 2,103,000 5,0O'>.000 309,000 8,240 ode J,520,00O 4,002.000 249,000 14.f04,000 8,038,000 466,000 177,000 199.000 11.88^000 afloat Mumeapoiii Bt.LoBii Do a,'; 429,000 143.OO0 140.000 148.000 aaoat.... Fort WUllam Port Artknr Dalath Do 1,073.100 77,000 afloat ..»- KaniaiOlty 1,473,000 Peoria < Indlanasolli OS Mlailialppl Blrer 29i,'d66 9aLakeii oseanalandrlTer Total Total Total Total Total Jan. Jan. Jan. Jan. Feb. 28. 21. 80. 31, 1906. 39.387,000 1905 ..89 3ia.000 1904. 89.780,000 1903... 48.447,000 1. 1902...57.9i59.00t) 11,512.000 7,lHO,000 8.290,000 11,632.000 5.911.000 4,8SH,O(>0 2,817. OQC 2,120.000 THE DRY GOODS TRADE. Nkw York, Fbiday, P. M., February 609 demand for heavy brown drills and sheetings is slow ; buyers report no improvement in the making of deliveries and still find it diflBoult to obtain quickly the goods of which they are Light-weights continue quiet, and if buyers were in need. willing to commit themselves it is probable that concessloLs would be granted. There have been some sales of 3-yard sheetings during the week for export to China and buyers have bad to pay fuil prices for the particular lines for which they stipulated. It is calculated that there are still nearly 2JO,O0O bales on the way to, and on order for, the Chinese market, so that buyers are well covered for the time being without adding to their purchases. Bleached goods continue in very small supply and are firmly held. Low counts are otill in sm«*ll supply. Sheets and pillow cases are in small demand and quiet. Kid-finished cambrics have been rather more irquired for. Canton flannels generally show a reduction of aoout 15 percent from last year's prices and have been taken in fair qoantities. There is an entire absence of speculation in staple and fancy prints, and prices are unchanged. Staple and fine grades of ginghams move slowly at recent figures. In print cloths there is a better demand for wide goods at recent prices but narrow goods are easier with little doing. Regulars are still quoted at 2%a. Woolen Goods.—The withdrawal of certain lines of jnen'd-wear heavy-weight woolen and worsted goods foreshadows the concluaion of initial business in these, and on the whole both buyers and sellers are satisfied with tbe season eo far as it has gone. Some of the higher grades remain still to be open^-d, but a large number of orders has already been placed. Prices have followed the course that had generally been expected, and those wno purchased freely at the openings, when prices were comparatively low, find nothing to complain of. Sellers who were inclined to think that goods had been over- bought are now changing their opinion, and whereas they felt that much of this speculative business might be canceled later on, they are now inclined to the opposite view. The low prices at which the higher grades were opened was somewhat of a surprise, and it is possible that many may revise their orders, canceling soma of their lowgrade purchases and sabstituting the better grades. This, however, can only result in a more equal distribution of business. Dress goods are fairly active but the majority of lines are still to be opened and the market cannot, therefore, yet be said to be fully under way. Foreign Dey Goods.—There has so far been little doing imported woolen and worsted dress goods, bnt the prospects continue bright. Silks continue firm. Ribbons are 3, 1905. in Unfavorable conditions in the jobbing trade have exerted an adverse iuflaence on the cotton goads market during the firmly held but buyers are rather holding off. Linens show past week and buyers are content to still further reduce their continued improvement, with a good demand for dress goods. stocks before operating to any extent in the primary market. Burlaps are steady and unchanged. The result has been a very small volume of business trans- Importatlona and ^n^areltoase IVltbdrawrala of Dry Good* Thelmportationsand warehouse withdrawalsof dry goods acted, but what orders have been placed have bean at full this port for the week ending Feb. 2, 1905, and since at prices. On the whole the market is firm, but it is possible January 1, 1905, and for the oorresponding periods of last that if buyers were willing to increase the size of their orders year are as follows: On certain sellers might be willing to grant concessions. m g Si S s S S S" would be impossible owing to the scarcity of supothers that have been in such good demand plies, but on not somewhat cheaper prices might be made. There is no great g ? by reducing they have on hand was for the most part purchased at considerably higher prices than those ruling today, and as long as the market Dureugs its present course they will be able to work this off at remunerative rates, although slowly. Bayers are as firmly convinced as ever that they will be able to purchase more cheaply later on and are apparently willing to wait until the cotton market assumes a more normal condition before placing their orders with any greater freedom. In the woolengoods division certain lines of men's-wear heavy-weight fabrics have been withdrawn from the market and business continues active. a lines this desire on the part of sellers to force business prices, for the reason that the raw material that Domestic Cotton Goods.—The exports of cotton goods from this part for the week ending Jan. 30 were 4,080 packages, valued at |234,65i, their destination being to the points specified in the tables below 1905. Kbw Yobk to Jan. 30. Week. Since Jan, Qceat Britain Other Earopean. 23 4 90 41 976 6,415 2.472 Otalna India Arabia 137 259 Africa West Indies 702 Mexico Central America. Bonth America... Other CJountrles.. Total. The value 21 149 144 1,376 5,480 1,341 2,073 134 4,080 of these 2,800 20,060 1. 6,262 2,148 4,326 1.135 1.684 1.494 1,600 ao 414 50 246 447 241 127 1.497 3,615 728 21,693 9,569 New York exports since Jan. 1. 22 148 8 1 B s • • I s Si I : f 1 i; o. et-. . s ': i has been 11,209,616 in 1905, against $1,096,200 in 1904. Both tichs and denims have been reduced during the week in response to the urgent demands of buyers, but so far this has failed to icflu'^nce business to any great extent. Soms orders have been placed for future delivery, bnt purchH-«'-8 are mostly confined to small lots for quick shipment. Othe; coarse, colored cottons are slightly irregular and quiet. Tae B iiliif I M oo'W OM •4--0 M ta ^^ ^ wc MO nn Kl Kl to l^tOMCOM ^^^'^it 03— 03*'W ksa M Toceco re CO OS 00^ "loosbisoo wo; tna 0-40 was c;iui37tou< 1— ^4 g: P «. : b: 1 . . . • . a> . i I . ; : : : : 1 p K o 1 00 ro CO CtZ' ; : . : . * • : a . p? i ooo OtO oii^taento -J to 9B to to PS •4 CO Va< » : t-'r^ o:-J-3^co m Ojm wcccoojm CO top ©•Vi'mTo M ro CO OKI OSM > ( * • . . a s o g: • i 1 i • • • S © iiiii r ...it : : : ; : S ! ! : ! ' 3 • M o 00 00 COMW'^O -J iF^ o ^catooo OstOOiOCO Oi I ; >a» Isrill 1 St o. b': Kl OS ^ S.S' 1 1^ i a o r| V (0(D<iOO to CO -a -3 CO t^ CO to c»a-3<ia>« en baloVik CW AftM M» •<1 Ot^'^vta^ cotoMao. TD K) Ot(0 M 05 0< aOMk-taM WOO -•OOOQ^^Cii CO 00 >-> O 43 O to a> ooto OD'-' ^o. 9) to 00 -J -41^ COiI^MO (yipyipDW CO M M o o w CD W o .- a Qotocooiin toOOCOO. <i a .» -4 00 CO «p fi CB 1 " ' ' ^H>>^t-> MO>-»-» WNIll^N)!^ «fOCO«M coooooto COKlOOX tOU-OCOA to^'Moa ^3 DcO tat^CDtO'Ji MOO CO ~J»0 • (0 V 10 B w n •« S o m 00 £?. CO n o CO QSU< Mip. 93 w ^ eo •003<COKI Ol CO 00 to H bd O ^ « CO K)0 bicotovA^ Qoaoitoto acnO-Jto to MMM O.O. MW -JM OtO tOM O<0 t^t-t o M 5i 00 eojik 00 ail' 00 CO 50 1 atSOBCOM coccaoD-j ;^ i M -J C,;«MtS* or 00 »M-1^^ o tOtOMCOM n s B > o CO to ^ M ««( M-J<»CCM MCOCOaOD f?- S; " o 1 OtOAOCO toCOMCOCO OmmcOm 1 J" V. •J tor^aoDCo T) o o to <I CO tOOcnOW 5?^ X M ®"i. z Q M? «« »o" MCCU>e3tO to O w M CO CO -IW Ota M tX MM CO Cnao ooootaM >-0D — tow eo*. — 05M ou OM to to ^3 OS M v CO-) 'MO> <nt- COM Ola *>.i-' sa o CO >3C0 o» OIOO cw oco M M %.4 [ft o M O -J CO U(0<J>V"Xl to coa Kiceoiaoa <i to <n^ -» CO^CDOl^ * OOOMQCI [ft M^jcaa o>i^oaa 1^ MtO to <l CO 09X3 u CO 00 M tocoaoa (OOO ^^ o« «• *- <1 a-j •ja Acoaooa toTj weo « ostoatoa uoocca w (O^ -JM CO M -J CO ^OAcxta -Jj -• fS _.^ a ». * M'MtOi'QD M o s 1^ 56' «-1 w M ^ M OrfkCooV s ca)MW«(o«e soooocotoco 1 . 5 a 3 «? !»• hr,- 1 o a^5c;>Vco o COOm JCOO o M M MMCOK'M QOMMCOtO <»aM<».M aoocoQOM H H » ^<:»0)t-' u wco-]06B s V5-^t0 OB— coQowaoo it».ao>»3M bSOOM-aOD iftMatooo o en • M o 8 K Mll^J^M ccx'-jm'^ CO M o Sa o'ta caro o« OS OD at MO J> a MOB MOB too: w -^.JOlo^^ OOUkCO-tO -lOJ m" COi^M^UI WOO*.-! CO _M.-OC«J OJ« to COMM WM If^ C<3 o ta cxw •"•oo -aw OlO coco os> a CnCO M CO 00 n M M 5" ow M wo tdO) OO -J 0000 WQOftOS )-• ->« COW s « o -< (0 a tatotot^Oi MM to M ©M 1 MM* « SI -] CD <s <e i MtO Week. Since Jan. 73 4.976 O; w. 1904. ^ E •to K M to O (^ * — THE CHRONICLE. 610 [Vol. lxxx. Alamo School District, San Diego Couuty, Cstl.— Bond 5ate.— On J-cn. 5 $1,6J0 6^ building bonds were awarded to J. E. & A. R Wells of San Diego at 102 50. Denomination, Maturity, $800 in 1912 and |800 in $400. Date, Dec. 7, 1904. 1914. MUNIJIPAL BOND SALES IN JANUARY. Municipal bonds to the amount of $10,952,567 were put out duriug the month of January 1905, excluding, as usual^ $11,377,078 of temporary loans. In January 1904 $23,743,801 of such securities were placed. Tha difference is mainly accounted for by the fact that New York City placed $11,100,812 of corporate stock last year, against only $3,950,000 the present year. The city of Cincinnati disposed of $1,000,000 8^^ water bonds on January 23 to E. H. Rollins & Sons of Chicago— the largest public sale of the month. New York City issued as already said, $3,950,000 corporate stock and bonds and the city of Boston $1,998,700 bonds, but in each instance the Albany, N. Y.—Bond Offering.—B.ov7ATd N. Fuller, City Comptroller, will sell at public auction at 12 M., Feb. 11, the following registered bonds, aggregating $212,625 : $15,375 3!^* 1-5-year (serial) street- improvewent bonds. 197,260 3%% 1-10-year (serial) street improvement bonds. Bjth thii above issues are dated Feb. 1, 1904. Interest semi-annually by check, mailed to the registered holder of the bonds. Each issue will be sold separately. Amarlllo, Tex.— Bond Sale.— It is stated in Texas papers tha'G the $45,000 4^ 5 40year (optional) sewer bonds registered by the State Comptroller on Jan. 21 have been sold to the contractors for the work, the McQiatters Plumbing & Machine Co. Arcade, N. Y.—Bond Sale.-On Feb. 1 the $20,000 water bonds described in V. 80, p. 234, were awarded to the Rochester Savings Bank at par for 8 80 per cents. Securities are dated Fab. 6, 1905, and will mature $800 yearly on securities were taken care of by local funds. Sept. 1 from 1908 to 1932, inclusive. The number of municipalities emitting bonds and the numAttica. O.—iJond OJ^ertngf.— Proposals will be received until ber of separate issues made during Jan. 1905 were 128 8 P. M., Feb. 20, by E. S. Gambee, Village Clerk, for $2,40) 5% and 158, respectively. This contrasts with 197 and 258 for coupon electric-light bonds. Date, March 1, 19D5. DiuomiDic. 1904 and with 184 and 318 for Jan. 1904. For comparative purposes we add the following table showing the aggregates for January for a series of years : flO,P52,587 28,743,801 16,»tl,796 10,9IB,H46 1906 1804 1903 1908 1901 9,«0,86t 1900. 1899 189S 1897 lb96 .. 120.874 320 6,076,957 1895 H, 147. 893 l(i,40f-,'776 1893 1892 »10,332,101 7,072,267 5.438,677 6,352,000 I8»4 6,507,721 crowded condition of our columns, we are obliged to omit this week the customary table showing the month'd bond sales ia detail. It; will be given next week. Owing to the nation, $1,200. Interest, semi-annually, at office of the Village Treasurer. Maturity, one bond March 1, 1932, and one bond March 1, 1923. Certified check for $100, payable to the Treasurer of the Village of Attica, required, and the successful bidder must pay accrued interest. Barne&Tille, Ohio.— Bond* £)e/eaied,— This village on Jan. 24 defeated a proposition to issue $12,000 water-works bonds. The vote was 853 to 240 in favor of the issue, a two-thirds vote being necessary to authorize. 30Bay City, Mich.—Bond Sale.—Oa Jan. 80 the $10,000 year refunding water bonda described in V. 80, p. 234, were awarded to W. J. Hayes Sons, Cleveland, at 104 43 and Interest— a basis of about 3 '753^ Fallowing are the bids : H & iMews items. W. J. Hayes & Sons. Cleve.. .$10,4 43 00 ,«ea8ongood & Mayer. Cincln.$10,37S 80 N. W.Harris & Co.. CMc 10,430 00 Trowbridee&NlverCo.,Chic. 10,167 00 li',41000 rbas. H. Coffin, Chicago 10.12H 00 Massachngetts.— S^ree* Railway Bonds Legal fcr Savings Spitzer * Co., Toledo W. Halsey & Co.. Chicago. l(i,400 00 First Nat. Bank, Bay City.... 10,103 60 Banks.— la the Chronicle two weeks ago, on page 224, we N. F.B.Sherman & Co.,Chic.... 10,875 00 Thos. J. Bolger Co., Chic H JO 00 W. R. Todd & Co.. Clnciiinatl. 10,025 00 gave a list of the street railway companies meeting the re- Uen)8on, trior* Co., Cleveland and Boston 10,817 60 qnirements of Chapter 483, Laws of 1902, and in the bonds of savings therefore, Maeeachusetts banks are allowed Minn.—Bond Safe.— Oq Jan. 80 the $10,000 5% 20which, Bemidji, to invest, subject to the approval of the Board of Commis- year funulng bonds described in V. 80, p, 284, were awarded sioEers of Savings Banks. Uadsr date of Jan. 23 the Board of to the First National Bank ot Bemidji at 102 25, accrued inCommiesioners published a letter naming the bonds which terest and all expenses. Following are the bids they ''deem good and safe eecurities for the investments of First Nat. Bank, Bemidji $10,225 00 Kane & Co.. Minneapolis ....$10,200 00 savings banks and institutions for savings." The list of the Alberts. Case, New York ... 10,310 00 W. J. Hayes & Sons, Cleve...M0,4t.8 00 uenleon. Prior 4 Co., CleveUnion Inve8;ment Co., Minbonds is as below: *10,26100 10,22000 land and Boston neapolis I I I > I : Name Character Inf. nf Bonds. Rate. Flrstmort.. 5 of Compa'^V- Athol AOrangeSt. Ry Co Dartmoulh&WestportSt.Ry.Co..Firstmort.. 6 6 Plain East Middlesex St. Ry. Co " Fitcbb'g " •• " '• " ' " " St. Ry. Co ' ' Pittstield Electric St. West End Ry. Co Co <'() " " Firstniort.. " " Mortgage.... Ue'ieniure Con. mort... . Ry. Co.Plain Sow h Boston Horse Rv- Co " JiottonCnsolidateit ar. Rt,. Co... " " " 4!^ 6 6 5 4 4 4 5 St. Wett E^dSt. Ru.Co " 5 Debenture.. 5 Viilley St. Ry. Sprlngfleld St. Ry. 4 Ry.Cti... First mort.. " " ..Con. niort... Ry. Co St. " Union " •' " Holyoke Hoosac •' & Leominster St. ' " " " " " " " " " ' " " '• " f> Date of Interest. Jin. 1,1898 April 1. 18'S Sept. 1, 1H9S Jan. 1,1902 Aprill,i8i*7 Feb. 1,1901 April i, 1895 Oct. 1, IHOO April 1,19)3 July 1,1837 Sept. 1,1904 July 1,1903 May Jan. i]4 4 4 Mar. 4 XmS Sept. 1, Jan. 1, li'2i Apnll. 1917 Feb. 1,1921 April i, lU'.'j Oct. 1,1920 April 1, 192» July 1,19I7 Sept. 1,1924 July 1, 192J Apnll,l9i3 April i, 1»»3 Jan. 1,1894 Jan. 2,1914 6 4 Date of Maturity. Jan. 1,1915 Aprill,1915 May ],18»6 1, l, I8S7 May Jan. U94 Mar. 1.1905 1,1907 1, 1914 1,1896 May 1,1916 Feb. 1,18^7 Feb. 1,1917 AuK. 1,1900 Auk. 1,1915 Aug. 1, 19u2 Aug 1.1932 Bond Proposals and Negotiations this week have been as follows Alabama.— i?oad Q^ertngr.— Proposals will be received until 12 M., April 4, by R. M. Cunningham, Lieutenant and Trowbridge & Niver Co.,Chic. 10,210 00 F. B. Sherman & John Nuveen & Co.. Chic ..+10,-'26 CO Co., ChicaKO.*10.067 50 Checks not certified. + No check. Bethel, Ohio.— Bond O/eringf— Proposals will be received uutil 12 M Feb. 20, by Liclede Kennedy, Viilage Clerk, for $1,9C0 5« 1-10 year (serial) sidewalk bonds. Denomination, Accrued $190. Date, Feb. 20, 1901. luterest, semi-annual. interest to be paid by purchaser. Certified check for lOi of the amount of bonds bid for, payable to the Treasurer of the * , village, required. Bigtimber School District No. 22, Swset Qrass Connty, Mont.— Bond — Proposals will bs received until 2 p. Offering. Feb. 15, by L. C. Bade, District Clerk, for $1,500 6% 5-15year ( iptional) bonds. Denomination, $500. Interest, an- M , nual. Bogoti(Boruagh), N. J.—Bond Oj^ering*.— Proposals will be riceived until 8 p, m., M±irch 14, by H. P. Rose, Borough Clerk, for $13,000 5^ coupon sewer-construction bonds. Denomination, $10D. Date, June 1, 1905. Interest, semi-annually at the Hackensack N itional Biuk, Hickensack. Maturity, $1,890 yearly on Juna 1 from 1906 to 1915, inclusive. check for 2jf, payaole to V, J. Ludwig, Collector, Bonded debt, including this issue, $15,600. Asrequired, sessed valuation, $360,000. Cascade County (P. 0. Great Falls), Mont.— Bond Sale.— 0.1 Jan. 31 the $10,000 i% 10-20-year (optional) coupon bonds described in V. 79, p. 2707, were awarded to N. W. Harris Co. of Now York City. Clare, Mich.— Bond Election,— An election will be held Fdb. 6 to vote on the question of issuing $14,750 6^ waterworks-extension bonds. If authorized, securities will mature $750 in thirteen years and $3,000 yearly thereafter. Certified Act! eg Governor, for $8,403,600 gold bonds to renew Claeees "A" and "B" bonds, aggregating $7,437,600, and maturing July 1, 19C6, and Class "C" bonds, aggregating $966,000, maturing Jan. 1, 1906. Bids are asked for bonds bearing 3% interest and for bonds carrying d}4% interest. Denominations, Interest semi- annually In Montgomery, $100, $500 or $1,000. Clear Creek Township, Hantiugton Couaty, laH.— SubAla., or in New York City. Maturity, fifty years. SecuriElection —On Feb. 4 an election will be held in thia sidy ties may be coupon or registered, at option of holder. Certitownship to vote a subsidy of $5,000 in aid of the Huntington fied check for 6% of the amount bid for, payable to the Gov- Columbia City & Northwestern Traction Co. ernor of Alabama, required. The entire amount of each Colville School District No. 2, Steven.?, Conntj, Wash.— Sale.— Oa Jan. 9 the School Board awarded to the Bond accepted bid, or so much as may remain unpaid, must be State Land B.jard at par an issue of $7,000 43^« 1-20 year paid for either in cash or in an equal amount of Alabama (optional) bonds. bonds which are to be refunded, sixty days before the matuConnersv'lle, Ind.— Bond Saie.— We are advised that the rity of the present bonds. The State will exchange with $13,230 8'^ 5% 1-10-year (serial) street bonds, m'^ntloned in V. accepted bidders, at any time after acceptance of bid, new 79, p. 2165 and 1*29, have bf en taken over by the contractor for the work, Thomas Bridge's Son. for old bonds, credit being given the bidder for the difference CookeTlUe, Tenu.— Bona Sa^e.- On Feb. 1 the $25,000 5^ in Interest to date of maturity of oil bonds. The State re- 20-year coupon water, light and street bonds described Co. of serves the right to retire present bonds to an amount not V. bO, p. 178, were aw irded to MacDmald, McCoy Chicago at 100-636— a basis of about A'Q5%. exceeding fCOO.OOO. Corry, Pa.— Bond Sa/e.— On Jan. 80 f 3,400 4i judgment The offl.cia! notice of this bond ojfcring will be found bonds were awarded to the Citizens' National Bunk of Corry among the advertisemenU elsewhere in this Defjartment. luterest. at par. Dinomlnatlon, $100. Date, Feb. 1, 1905. & & m Feb. THE CHRONICLE. 4, 1905.] semi-anEual. Feb. 1, 1910. Maturity, Feb. Cnmberland Connty, N. J.— Bond Sate.—The |27,000 i^% road bonds awarded last September to N. W. Halsey & Co. of New York City, and subsequently refused by that firm (see V. 79, p, 2656), have been sold to the Cumberland National Bank of Bridgeton at 105'40 and interest. See V. 79, p. 1354, for description of securities. Delaware, Ohio.— Bond Sate.- On Jan. 28 the $4,100 5f Franklin Street assesemect bonds dated Jan.: 1, 1905, and maturing f 410 yearly, the last bond being payable March 1, 1916, were awarded to A. L. Rich Co. of Cincinnati at 104*512. Following are the bids $4,241 25 $4,285 00 p. S. BrlKKS 4 Co.. Clnom A. L. Rich Co., Cincinnati : S. A. Kean, Chloajfo Feder, 4.269 10 Holzman & Co.. Cln.... 4,227 6C 4,225 50 4,206 00 4,203 00 NewistWat. B't.Colnmbus.. 4,203 50 4,198 00 B. E. Neff, Delaware W. J. Haves * Send, Cleve. .4,264 00 Hayden, MUler & Co.. Cleve,. W. R.Todd 4 Co., Cincinnati.. 4,255 00 R. Kleybolte & Co., Clncin.... Lamprecht Bros. & Co.. Cleve. Denison, Prior & Co., Cleve. land and Boston SeasoDgood & Marer, Cln Atlas Nat. Bank. Cincinnati. De Soto, . . 4,262 60 4,25125 4,260 00 Mo.— Bowd Sate,—This city on Dec. 7 sold to Duke M. Farson & Co. of Chicago at par an issue of $70,000 i% water-wcrks bonds. Denominations, forty of $1,000 each and sixty of |500 each. Date, May 20, 1904. Interest, semi aunual. Maturity, 1909. May 20, 1924, subject to call after May 20, — Detroit, Mich. Bids.— Following are the bids received Jan. 24 for the |150,000 5%% 30-year water bonds awarded, Co. of Cleveland: as stated last week, to Hayden, Miller Hayden, Miller 4 Co.,CIeve $1 61,02ft 00 W. J.Hayes & Sons. Cleve. $153,137 00 156,062 50 Blodset, Merrltt & Co.. Boo. 153,li 50 W. B. Moss 4 Co.. Detroit. B. H. Rollins & Sons, Cmc, 15Mfi6('0 Kouuize Bros.. N, 7., and 152,867 00 Matthew Finn, Detroit Farson. Leach 4 Co., Chic. 158,975 00 Peasonizood 4 Mn^er, Tin.. 152.679 00 Denison, Prior 4 Co., Cleve- & | . . I I 153,R4500 Mec&anics' Nat. Bt., N. Y. land and Boston H. W. Noble 4 Co., Det-oit. 16:s526 76 R. Kleybolte & Co., Cincln. Rhoades 4 Richmond, N. Y. 15^,485 00 N. w. iiiHlsey 4 Co.. CbicaBo. People's Sav. Bank, Detroit. 163,400 Oi) Parkinson 4 Burr, Boston.. 153,357 00 Blake Broi. & Co., Boston.. . 152,611 95 1.^2.475 00 I5l,6i'0 00 ) 51,470 00 Faujk County (P. 0. Fflulkton), S. Dab.— Bond O/ering. —Proposals will be received uLtll 2 p. M., Feb. 10, 1905, by W. Q. Faulkner, County Auditor, for |50,000 4J.^^ coupon court-house bends. Denomination, |1,000. Interest semiannually, in January and July, at place to be agreed upon Maturity, twenty years, subject to call after five later. years. Autfcority for issue. Chapter 13, Section 972, Revised Political Code of 1903. Bonded debt at present, S^8,CO0. As sessed valuation 1904, $2,516,046. These bonds were offered as 4 per cents on Jan. 11 without success. Fergns Coiinly (Mout.) School District No. 45.— Bond Q^eringf.— Proposals will be received until 2 p. m,, Feb. 14, for $900 6% 8-year bonds. This district is one recently created, and is located at Straw. Interest, annual. Assessed valuation, $103.CO0. Fort Worth, Tex.— Bowd 8ale. are advised by the City Auditor that of the $73,C00 7^ street and sewer bonds which matured Sept. 1, 19f 4, but which were not paid at that time (see V. 79, p. 129i ), $71,000 have been refunded into the new 4iJ bonds maturing July 1, 1941. The remaining i 2,000 have not been located, and therefore have not been refunded. Fremont, Ohio.— Bond O^tringf. —Proposals will be received until 12 M,, Feb. 27, by the Clerk of Council, for $17,860 4}4^ coupon refunding bonds. Denomination, $5C0, except one bond for $850. Date, Feb. 1, 1905. Interest semiannually at the office of the Sinking Fund Trustees. Maturity as follows $3,850 Feb. 1, 1913; $3,000 Feb. 1, 1914; $5,500 Feb. 1, 1915, and $5,500 Feb. 1, 1918. Certified check on a Fremont back for |7C0 required. Gladwin (Mich.) School District.— Bond O^eriwg.— Proposals will be received until 13 m., Feb. 13, by James E, Tobin, Secretary Board of Education^ for $15,000 5^ coupon schoolbuilding bonds. Denomination, $1,000. Date, to be decided later. Interest annually at the office of the City Treasurer. Maturity, 1920. Bonds are exempt from taxes. The district has no debt at present. Assessed valuation 1904, $328,435. (JlOTersviile, N. Y.— Bo»d S'ate.— On Jan. 31 the $15,000 ^}4f two and four-fifths-year (average) sidewalk, curb, gutter and paving-improvement bonds described in V. 80, p. 178. by H. E. Qaugler, Clerk, —We : W. were awarded to James Following are the bids Filmer at 102*03 and interest. : James W. Filmer loa'CS Union Sav. Bank, Patchcgue... 101-43 W. J Hayes 4 Sons, Cleveland.lOO 91 . Denison, Prior 4Co,, Cleveland and Boston 100 57 8 A. Kean, Chicaeo. IOC'05 I. W. Sherrlll, PouKhkeepsle.... ... Hudson Sav. Bank, Hudson Amsterdam Sav. Bank, Amster- dam Hamilton County (P.O. Ciccinnati), Ohio.— Bond 0#firinfli.— Proposals will be received until 12 m,, March 8, by the County Commissioners— C. C. Richardson, President, and Geo. C. Zimmerman, Clerk— for $25,000 i% Banson Street Bridge bonds. Denomination, $500. Date, March 15, 1905. Interest semi-annually at the office of the County Treasurer. Maturity, 80 years, subject to call after 15 years. Certified check on a national bank or trust company for $500, payable to the Treasurer of Hamilton County, required. Proposals will also be received at the same time and place for $115,000 ii 25-year armory-reimburs* ment bonds. Denomination, $500. Date, March 15, 1905. Interest, semiannual. Maturity, 25 years. Certified check on a national bank or trust company for |1,C00, payable to xheTreasurtr Hamilton County, required. N. J.—Bond Sate.— We are just advised by the City Clerk that this place on Nov. 30 awarded to the People's Bank of Hammonton at par an Issue of $45,0C0 4i water-works bonds. Denomination, $500. Date, Nov. 1, of Hammontop, Interett, semi-annual. Maturity, thirty years, sub1903. ject to call $1,000 yearly, commencing the tenth year after date. Hardin County, Ohio.— Bond 1925, subject to call after 1, 611 O^eringi. —Proposals will be received until 12 m., Feb, 18, by Justin Brewer, County Auditor, for $74,855 89 5% county ditch bonds. Date, Feb. 18, 1905. Interest, semi- annual. Maturity, $19,407 64 in one vear and also in two yeare; $18,626 10 in three years; $16,299 58 In four years, and $920 94 in five years. Authority for issue. Sections 4,479, 4,481 and 4,483 Revised Statutes of Ohio. Certified check on a Kenton bank or cash in the sum of $500 required to be deposited with the County Auditor. Herkimer, N. Y. -Bond Q^erfTigr.— Proposals will be received until 8 P. M., Feb. 14, by the Board of Trustees, William Horrocks, President, for $8,000 city -hall- completion bonds at not exceeding 5% interest. Danominatlon, §1,000. Interest annually on Dec. 1. Maturity, $1,000 yearly on Dec, 1 from 1905 to 1912, inclusive. Hougtitov, Mich.— Bond Sate.— On Dae. 28 an issue of $37,000 Q% street-improvement bonds was awarded to the National Bank of Houghton at par. Securities are dated Dec. Interest, annual. 28, 1904, and will mature Dae. 28, 1908. Hamholdt, Kao.— Bond Sale. We are advised that the 145 000 15 20-year (optional) water-plant bonds offered on Jan. 81 were awarded to John Nuveen Co. of Chicago. Indlanoia, Miss.— Bond Sate.- On Jan. 28 the |9,C00 6% 5-20-year (optional) gold coupon wa'er- works bonds describtd in V. 80, p, 235, were awarded to MacDonald, McCoy Co. of Chicago for |9>100, accrued interest and blank Several conditional bids were rebonds free of charge. ceived, which were not considered. Kansas City, Kan. Bond Sate.— The City Clerk writes us that the city has sold to the W. G. Eads Brokerage Co. of Kansas City, Mo., $16,049 bonds. Kern, Cal.— Bond Sate.— It is stated that the $10,000 Ai — & & bonds offered but not sold last August have been taken by the First Bank of Kern at par. Lakewcod, Ohi«>.— Bond Sate.— On Jan. 28 the $7,805 18 5% storm-water-Eewer bonds described in V. 79, p. 2803, were awarded to the Lakewood Savings & Banking Co. at par. Bond Bids.— The following bids were received Jan, 30 for the $30,000 5% 15year intersection and general- improvement bonds described in V. 80, p. 127 New 1st Nat. B'k.Colnmbng. 131,680 00 LamorechtBros &Co.. CIev.f31,S77 00 W. J. Hayes 4 Sons, Cleve.. 31,500 00 Sec. Tr. 4 Sav. Bk., Toledo.. 31,276 00 fire : I . I Lancaster County (P. 0. Lincoln), J^eh.—Descrmtion of Bonds.— We are advised that the $98,000 refunding bonds which we stated last week had been sold carry &% per cent Denomination, interest, payable annually on January 15. Date, Jan. 15, 1905. Maturity, Jan. 15, 1985, sub$1,000. ject to call Jan. 15, 1915. The bonds were taken by the State Treac-urer, who paid for the same $98,225. are advised that Litoerty Center, Ohio.— Bond Sate.— on Jan. 28 the $1,000 5% 1-10-year (optional) coupon fireprotection bonds described in V. 80, p. 179, were "conditionally" awarded to the Howe Engine Co. of Indianapolis at par and accrned interest. have just been officially Llncolaton, N. C.-^Bond Sale.— advised that this city awarded last October to John Nuveen Co. of Chicago an isiue of $30,000 ?% water and sewer bonds. Denomination, $1,000. Date, July 1, 1904. Interest, We We & semi annual. Maturity, July 1, 1984. Long Branch (N.J.) School District.- BondSate.— This district in December sold to the First National Bank of Long Branch $37,000 4:%% school bonds at 104. Securiiies are part of an issue of $60,000 bonds, of which $23,000 were sold, we are advised, about a year ago. Denomination, $1,000, Interest, January and July. Maturity, 1913. Los Gates, Santa Clara County, Cal.—Bond Offering.— Proposals will be received until 7 P. M., Feb. 20, by K. H. Erioksen, Town Clerk, for the $20,000 bridge and the |4,000 sewer 5% bonds voted at the election held Dec. 5, 1904. Denomination, $600. Date, March 1, 1905. Interest semi-annually at the office of the Town Treaeurer. Maturity, $1,200 yearly on March 1 from 1908 to 1925, inclusive. LyndouTllle (Yt.) School District.- Bond Sate.— On Dec. 27 this district awarded at private sale to Trowbridge bonds. DenomiNIver Co. of Chicago an issue of $25,000 nation, $500. Date, Jan. 2, 1905. Interest, semi-annually, at the office of the Treasurer. Maturity, |1,COO yearly on Jan. 2 from 1906 to 1930, inclusive. MoComb City, Miss.— Bond 0#ermgf.— Proposals will be received until 7:30 P. M., Feb. 21, by J. Dock Harrell, City Clerk, for $10,000 5% 20 year refunding school and $40,000 5^ 20 year refunding water-works coupon bonds. Denominations, school $100 and water $400 each. Date, Dec. 21, 1905, Interest annually in McComb. Certified check for $500 required with bids. Madison County (P. 0. Anderson), lad.— Bond^s Uefuaed. —Bond Offering.— hocBl papers state that the $45,000 &}4% Co. funding bonds awarded on January 5 to J. F. Wild of ladianapolis (see V. 80, p. 179) have been refused by that firm on account of an error In the sale. The Connty Council has directtd that the bonds be re-advertlsad, bids to be received until March 10. Marcy, N. Y.-Bond Sale.-Oa Jan. 28 $3,CO0 5^ bridge bonds wt-re awarded to Geo. M. Hahn of New York City at 100-63. Followlrg are the bide & H & : New York.... 100-63 100-01 Neff (for $1.000) Qeorue M. Hahn, Duane I Clifford Coffin Par I Denomination, $1,000. Maturity, 19C6, 1907 and 1908. Massachusetts.- Tcmparary Loan.- The State Treasurer on Jan. 28 negotiated a loan of $1,000,000 In anticipation of the collection of taxes. Loan matures Nov. 15, 1905. THE CHRONICLE 612 Minerva, Ohio.— Soni O^eri'^of.— Proposals will be received until ]2 M., Fdb. 2), by R, T. Davis, Villa-^e Clerk, for $4,000 55? 1-10-year (serial) town-hall bonds. DenomiDaDate, March 1, 1905, laterest, semi-annnal. Action, $400. crued icterest to be paid by purchaser. Certified check for 5? of iheamcuntof bonds bid for, payable to the Treasurer of the vi lage, required. New Havf n, Covn.— Temporary Loan.— This city recently borrowed ^50,000 from Loring, Tolman & Tapper of Boston Loan matures June at 3'45^. 15, 1905. Norih Tiikima School District, Yakima Connty, Wash.— Bonds Voted— Bond Offering.— This district on Jan, 6, by a vote of 266 to 13, authorized the issuance of $25,00!) 10-20year (optional) tchocl-buiidicg bonds at not exce -ding Q% interest. Proposals for these bonds will be received until Ftb. 11. 4i^^ Oran^'e, Cil.— Bond Sale.- On. Jan. 31 the $50,030 1-40-year (serial) water bonds described in V. 80, p. 487, were awarded to the Adams- Phillips Co. of Los Angele" Ellsworth), Wis —fiend O/eriw. Pierce Connty (P. Propceals will be received uutil 1 p. m., Feb. 20, by F. W. Kendall, County Treasurer, for $70,000 4^ coupon courtAuthority, Section 658, Revised house and j'iil bonds. Dencmination, $500. Date, Aprill, Wisconsin. Statutes of 1905. Interest stmi-annually at the office of the Counry TreasMaturity yearly on April 1 as follows : $6.0G0 in 19G6 urer. end in 19u7, $6,500 in 1908 and in 1909, $7,OC0 in 1910 and in 1911, $7,500 in 1912 acd in 1913, $8,000 in 1914 and in 1915. Certified check f or |500, payable to F. W. Kendall, County Treasurer, required. Bonded dabt, $70,000. AssesEed valua- — tion 1904, $10,792,883. Plain City, Ohio.— Sond Qifertngf.— Proposals will be received until 12 M,, Feb, 27, by J. R. Wood, Village Clerk, for $12,000 5^ coupon water and light-plant-improvement bonds. Denomination, $500. Date, March 1, 1905, luterest, semi-annually at the office of the Sinking Fund Trustees. Maturity, $500 yearly on March 1 from 1915 to 1938, incluCertified check on a national bank or trust company sive. for $600, payable to the Village Treasurer, rr quired. Port ttf New Orleans, L&—Bond Offering.- ProipOB&lB will be received until 12 m, March 1, by tne Board of Commissioners of the Port of New Orleans, at their office, Nos. NEW [Vol. lxxx. 601-fl02 Hibernia for $7.*0,nn0 .5?; man, required. Boyal Center (Ind ) School District.- Bond New Rochelle. N. Y., January 20. 19j5. CHARLES KAMMERMEYEK, City Clerk. of Mobile, Ala., I Minn. L'n jfcTrCo., Mlnn'lis. 10,370 OP 10,3fl5 00 Kine & Co, Minneapolis F, B. Sherman & Co., Chic. .. 10.«flO 00 I I Albert Case York.... 10.090 00 10,000 00 Co., Chic | LOAMS. STATE OF ALABAMA F;ENEWAL BONDS. and one for (|1,00'^) Dollars each Fifteen hundred ($l,600) DdHar-s, dated February 1 1905, and maturing, one for fifteen hun red ($1,500) on tee first day of May. ItOT, and one tbousana (SI,0U0) dollars annually thereafter commencing on May 1, 1908; interest pavable semi-annua'lv; principal and interest payable at the office of the City Treasurer. Each proposal must be accompanied by a certified check on an incorporated bank or trust company in the State of New York for two thousand (^2,uOo) dollars, payable to the order of the Treasurer of the City of New Rochelle. bonds will beeni;raved under the supervision of and certified as to their genuinfness by the United Stales Mortgage & Trust Company, and their legHlity approv.id by .i. U. Caldwell, Esq.. of New York City, whose opinion as to legality will be furDlstied to the purchaser. No bid of less t aQ par value of the bonds will be considered. Bidders must use the printed form of propo.tal furnished by the undcrcigned. Accrued Interest to be paid by tbe purchaser, at.d delivery will be made at th" ofHce "f the t'lty 'I'reasurer in New Kochelle on February i4, 1905. The right Is reserved to reject any or all bids. Dated New Kochelle, N. Y., January 20, 1906. City Clerk. CHARLES KAMMERMEYER, NEW YORK New CITY and 3{^% Bonds to be renewed: Classes A and B, aggregating |7,437,«ro, maturing July 1st, 19U6; Class C, aggregating »966,000. maturing Jan. Ist, 1906. Character of Bond: Kifty-yfar gold bonds. In denominations of either §100, .?500 or §1,000, said bonds to be coupon or registered, at option of bidder; Interest payable semi-annually in Montgomery, Alabama, or New York City State of New York Bids for pntlre issue, or any part thereof, not less than for$H 0, are Invited upon following terms: 1. Uoon bonds bearing 3% per annual. 2. Upon bonds bearing 3W5J per annum. A certified check, payable to the order of the Governor of Alabama, for Ave per cent of the amount bid for must accompany each bid. For the bids that are accepted, other security, approved by the Governor, mwy be substituted f.r the certified check. The certified check accompanying rejected bids will be returned, with notice of rejection. The 5% of each accepted bid wjII, on failure of b dder to comply with terms of his bid, be lorleited to the State. The entire ^ amount ot each accepted ...^ bid, or so much as may remain unpaid, must be paid in lawful money i)f tbe United States -or in lieu thereof an uiit of Alabama bonds which »re being refunded -sixty days before the maturity of the present bonds, into such depository as mxy be designa'ed by the Governor, or In lieu of the above designated payment, such guaranty as the Governor equal iim may approve. ,^ Tie State will exchange with accested bidders, at any time after acceptance of bid, new for old bonds, credit eing given the bidder for diOerence in inter, est to date of maturity of old bond". No bid offering less than par will be considered. Tne State re, . t serves the right to retire present bonds to an amount not exccfdini: .$rtO0,u0O Bids will be received lit the Governor's Office at Montgomery until l^ o'clock M., APKIIj 4, lOtiP, and will be opened Immediately. Notice of acceptance or rejection will be given each bidder by letter mailed in Montgomery noHater than April 19, l»05. Envelopes comainlng bids must be addressed to the Governor of Alabama, »nd have cunsplctiously written thereon he "BidK for itenewal Unuds, State of Alabama." State reserves the rght to lejtct any and all bids. For further Information, aopiy to the G"veruor of 'I Cf upon Paving Bonds. TAX EXEMPT BONDS. R.M.CUNNINGHAM. Alabama. Lleuten Direct and Primary Obligations of the City ot T.W.STEPHENS & CO., Mobile. 2 Wall Street, Prices and Particulars on Application. New Blociget, Merritt York. & Co., BANKERS, Bond Department Interstate Securities Co. 5 Nassau Streeti C. John Nuveen & NEW 3% an issue Boyalton, SLinn.— Bond Sale.- Oa Jan, 28 the $10,000 5% 20-year coupon electric-light bouds described in V. 78, p. 237, were awarded to Trowbridge & Niver Co,, Chicago, at 103-71 and interest— a basis of about 4'71i«. Following are the bids Trowbridge & Nlver Co.,Chl .110,371 00 W. J. Hayes & Sons, Cleve.. 110,222 00 One thousand 6% Sale— Thia & Co. of Indianapolis district has sold to J. F. Wild of $5,000 school- house bonds at 105. Sealed proposals will be received by the under Migned until FEBRUARY 7, 1>05, at eight o'click P. M., for the rvurchase of all or anv part of seventeen thomand five hundred (^I'V.StO) Dolla's registered four per cent School Bonrisof said city, slsteeo of a d certified as to their genuineness by tlie United States Mortgage & Tru-t Ccmpany. and Ihetr le yality approved by J H. Caldwell. Esq.. of New York i;ity, whose opinion as to legality will be furnished to the purchaser. No hid of less than par value of the bonds will bo considered. Bidders must use the printed form o' Accrued {>ropoBal furnished by the under8l.;ned. nterest to be paid bv the purchaser, and dnllverj Treasurer In City the atlheofHceof marte win be New Rochelle on F^bruflrr 14, 1906. The right in reserved to reject any or all bids. Certified Hugh Mc- Rankin (Bjrowgh), AllegheiAj County, Pa.— Bond OJfering.— Proposals will be received until 12 M. to-day (Feb, 4) by the Finance Committee, John C. Burns, Chairmaii, for the $30,000 street, |2,0O0 sewer a^d $3,000 wa'er 4^5 b nds voted at the general election last November. Denomination, MaDiit", Jsn. 2, 1S05. Interest, Jan. 2 and July 2, $500. turity, $500 yearly on Jan. 3 from ]9C6tol92.7, inclusive; $2,000 yearly on Jan. 2 from 1928 to 1933 inclusive, and $1,000 Jan. 2, j 934. Bonds are free from tax. Present debt Assessed valuation, $3,500,200. of the borough, $64,000. Certified check for iiiBOO, payable to John C. Burns, Chair- Sealed proposals will be received by the underBlKned until FEBRUARY 7, 1905, at S o'clock P. M.. for the purchase of all or any part of Nineteen thous.nd (8l»,00i) Dollars registered four per ceut Local Imoruvement Bonds, series of 1905, of Biid City, of One thousand ($1,000) Dollars each, dated annually; principal aud Interest payable at the ofBce of the C'ty Treasner. Bach proposal mu-t be accompanied by a certified check on an incorporated banls or trust company in the State of New York, for Two thousand ($2,000) Dollars, payable to tbe order cf the Treasurer of the City or New Kochelle. Bonds will be engraved under the supervision of Sept. 1, 1914. of bid required. for $7R,000 S}4i registered bonds. Denomination, $1,003. Date, Feb. 1, 1905. Interest semi-annually at the Fallkill Nationnl Bank of Poughkeepsie. Maturity, Feb. 1, 1935. Bonds are exempt from all taxes. Certified check for 2^, payable to the City Treasurer, required. SCHOOL BONDS. 90ft, and maturing on'5 bond annually 1, commencing May 1, 11)07; interest payable semi- Orleans, is President and W. A. Kernaghanis Secretary of the Board of Commissioners. Powghkefps'e, N. Y.—Bond Ojferingf.— Proposals T^ill be rfceiv»^d until 12 M. to-day (Feb. 4) by G-ao. M. Hine, Mayor, IMPROVEMENT BONDS. The amount LOANS. Februa?7 New Cloekey ochelle, N. Y., City Trust Co. Bailding, Maturity, laterest, semi-anrual. check for V%, of the City of New ^io,ooo Dated & Bank coupon bonda, comprising $250,000 bonds Series "A," and $500,000 bonds Series "B." Securities are part of an issue of $2,000,000 bonds author!zad by Act No. 44, Session of 1904, of the State Legislature, for the purpose of constructing wharves, eheds, roadways and other Improvements necessary for the shipping facilities in the Port of New OrleanF. Denomination, $1,000. Date, Sept. 1, 1904. New York. i6 Congress Street, Boston. •16 NA88AC BTBKET, NEW TOHK. iTATE. CITI k RAILROAD B0N1>> R. L. int and Acting Governor. DAY & CO., BANKERS, 36 Congress Street, BOSTON. 8 Nassau Street, NEW YORK. MEMBERS AND BOSTON YORK NEW STOCK EXCHANGES. STATE. MUNICIPAl.. AND KAIMIOAU UJGH GRAUB HECI'RITIES. Feb. THE CHRONICLE. 4, 19((5.J Sterlirg County, Texas.—Bond.S'aZe.— On January 24 the State Board of Education purchased the $25,000 A.% 10-40-year (optional) court-house bonds mentioned in V. 80, p. 181. The achool Board had agreed to purchase these bonds several weeks £go, but certain matters came up which prevented the consummation of the sale until Jaiuary 24. The price raid bv tbe board was |23,750. Sturgeon, Mo.— Bond Election.— An election will be held Feb. 6 to vote on the question of issuing |5,C00 electric-liehtplant bonds. Tallepooea, tta.— Bond Election.- An election wiU be held Feb. 14 to vote on the question of issuing $10,000 eleotricligbt-plant and $10,000 building and sewer bonds. Taney County, ^Q.—Bond Sale.- On January 4 an issue of 141,500 5% funding bonds was awarded to the St. Louis Union Trust Co. of St. Louis at par. Denomination, *500. Date, Jan. 4, 1905. Interest, semi-annual, Maturity, Jan. 4, 1935, subject to call after Jan. 4, 1920. Tennille, Gn.—Bond Sale.— It is stated in Atlanta pdipers that the $8,0C0 20 year water and light bDnds mentioned in V. 79, p. 2111, have been sold at 107 50. Toledo, Ohio.— Bond O^enng;.— Proposals will be received until 7:30 P. M., March 1, by R. G. Bacon, City Auditor, for $500,000 4% coupon water-works bonds. Denomination, Date. Feb. 1, 1905. Interest, Feb. 1 and Aug. 1 at $1,000, tbe United States Mortgage Trust Co. in New York City. Maturity, $50,000 yearly on Aug. 1 from 1908 to 1915, inclusive. Accrued interest to be paid by purchaser. Certified check for of the par value of bonds, drawn without condition on some national bank in Toledo, or else money for that amount, required with bids. These bonds were offered on Jan. 18, but the bids received were rejected. Topeka, Kan.— Bond C^erir: gr.— Proposals will be received until 5 p. M,, March 6, by J. H. Squirep, City Clerk, for $80,000 (more or lees) 5$ general-improvement bonds. Denomination, $1,000. Date, Jane 1, 1905. Interest, semi-anrmally on May 1 and Nov. 1 at the fiscal agency of the State in New York City. Certified cheek for $1,000, payable to the City Treasurer, required. Trenton, «. J.— Bond Sale.-Oa Feb. 3 $80,387 04 ii pavement and $50,000 4% water bonds were awarded to R L Day & Co, of New York City at 104-53 and 110-59, respec-rlvely. Entheifi>rd, N. J.— Sond O^ering.— Proposals will be received until 8 p M., Feb. 7, by Robert Lef^ds, Borough Clerk, for $12,500 4^ 25-year park bonds. Certified check for $250, payable to the Borough of Rntberford, required. District, Fremoit St. Anthory Independent School Coanty, Uabo.—Bond Sale.— On Jan. 9 this district sold at par to the State Land Board, eo we are informed by J. R. Young, District Clerk, an iesue of $8,000 5% school-house bonds. Denomination, $l,C0O, Date, Jan. 9, 1S05. Interest, January and July. Maturity, Jan. 1, 1925, subject to call after 15 years. Shelby County (P.O. Sidney), OMo.-Bond Offerivg.Ptopos&is will he received until 12 M., February 13, by the County Commiss-ionere, at the cfBce of R. B. Dill, County Auditor, f 01 $19 950 5^ ditch-improvement bonds, maturing each six months as follows : July 1. !935 Jan. 1, 1906 July 1,1906 Jan. 1, 19iJ7 July 1,1907 Jan. 1,1908 2,600 July 1, 1908 12,660 2,?>50 1 |f?,920 2,150 I 1 I 2,500 900 | | I I Jan. July X, 1, Jjin. 1, 1909 19 9 1910 $1,800 7E0 750 I ^ Dencmination of bocde, eight for $1,150, two for |800, eight for $750, two for $350, two for $300, four for $150, eleven for $100 and three for $50 each. Date, Jan. 1, 1905, Interest, eemi-ancufll. Authority for i?sue, Sections 4479, 4480, 4481 and 4482, Revised Statutes of Ohio. A deposit of $200 in cash with the County Auditor required. SherbiiriiC CoQiity (P. 0. Elk Eirer), Mnn.- Bond Offerirjflr.— Proposals will be received until 10 A, M;, Feb 7, by the Board of County Commissioners, care of Chas. E Swansen, County Auditor, for a $5 000 register«jd drainage bond & H at not exceeding fl^ interest, Authority, Chapter 258, Laws of 1901. Date about Mar. 1, 1905. Interest annually on July 1. Maturity, three years. County has no debt at present. Assessed valuation 19'4. $2,168,854. Certified check for payable to the Treasurer of Sherhurne County, required. Spencfr Valley School District, San Df ego Coanty, Cal. Bond Sale.— On January 5 an issue of $1,000 1% l-lO-year ferial) building bonds of this district was awarded to C, C. Hakes, Vice-President of the Cit'zens' Savings Bank of San Diego, at 103*05. Denomination, $100. D^te, Dec. 7, 1904. Spooner, Wis.— fiawd Sale,- On January 7 the $11,000 water- works bonds described in V. 79, p. 26C3, were awarded to N. W. Harris Co. cf Chicago. — H & NEW NEW LOANS. J^lSo,000 Town 613 NEW LOANS. ^36,000 ^ioo,oi:o Danbury, Conn., City of Mt. Vernon, N.Y. of ^% School Funding Bonds. (Westchester County) Sealed proposa's will be received by the onderslgupd. Selectmen of the Towu of Danburv. Conn., until 8 o'clock P. M. on the 15TH DAY OK FEBRUARY, 1905, at the office of the Selectmen In said Town of Danbury, for the purchase ol $;55.000 4^ School Funding Bonds of said Town, or of so many of said bonds as will yield sufflcient proceeds to pay one hundred and flffy-nme thousand, oue hundred and seventy-two d< liars and eightfen cents ($159.172 18) of school indebtedness existing October 17, 191)4, and interest tbereon ut four and one-ha'f per cent per annum from said October l7. 1904, to March 1, 1905, (the exact amount of said interest being determined bv tbe Selectmen.) Bond^ to be registered or coupon ;la form, at the '>ptioa of the purchaser, of the denomination of $i,ii00 each, to be dated March 1. 190S, and to-matnre at the rate of three bonds every year for the first fortj-flve years ana at tbe rate ol four bonds every year for the next nve years thereafter, so that the who'e issue will be due and payable in flrty years after dale without option of iirlor redemption. If tbe entire amount of said $155,0(0 bonds be not Issued, the few bonds omitted will be from those of the later dates. interest payable on the 1st day of May, 1905, and «eml-ar nually thereafter at the Importers' and Traders' Natlonnl Bank in the City of New York. Both Ititorest wnd piinoipal payable lawful money of the United States of America Each proposal must be accompanied by a certified check on a iNational Bank, payable to tne order of the Town of D.mbury, to the amount of two ter cent <f he face value of the bonds bid for. Bidders must use the printed form of proDosa) luruished by the undersigni ri. Accrued iLterest to be oald by the purchaser. The hot ds w 11 be approved as to tbeir legality by Messrs. Dillon & Hubbard, of New Y. rk City, whose opinion will be furui.>)hed to the purchaser, and the bonds will be engraved under the supervision of and oertilled as to ihoir genuineness by the United States Mortgage & Trust Company. The right Is reserved to reject any or all bids. Delivery of the bOKdi will be made n March 3d, 1905, at 2 O'clock P. at the office of the United states MortgHge & Trust Company, 65 Cedar SCHOOL TAX REUEF BONDS. m I M Street, New TH DAY Hundred Thirty-iwo (:<3S) Three and that to atid Sixt.v-seven i3'i7), inclusive, tbe said Thirty-six (36) bonds will oe sold to the highect bidder at a putillc sale to bo held at said time and place. These are a ser es of bonds which are authorized to be Issued under Hud piirsuaot to Section ii29 of Chapter IS'i of the Laws of .8S»! as amendeo m 1895. Each bond will be for the principal sum of One Thous ind ($',00(i) Dollars, and will bear interest at the rate of four per centum, layable semiannua. ly at the office of the City treasurer of the City of Mount Vernon. They will be dated Feb- ruary ]»t, 1905, and payable on the First day of February, 1908. The bonds will be delivert'd to the purchaser on or before the Fifteenth day of February, 1905. Each bid for the School Tax Relief Bonds must be ac ompanled by a certified check for one Thousand (§1,000) Dollars as That said an evidence of good faith Common such proposals as Council will at said time open be received and accept the may higi.ett thereof, if it deem it for the best interest of tbe City go to do, but it reserves the rleht to reject any or all proprisals should it deem it ac^visable. Bonds will bee' graved urder the supervision of and oertifled as to their geruiuenees b» the United States Mortgage & Trust Company and their legality approved by J. H. Cildwell, Esq., of New York City, whose opinion as to legality will be furnished to the purchaser. By statute the bonds cannot be aold for less than par and accrued interest. EDWARD P. BRUSH, A. W. REYNOLDS, City Clerk. Dated January 18, 1905. Mayor. WATERBURY,COMN., 3J4% SEWERAGE BONDS. CITY CLERK'S OFFICE, CITY HALL, Waterbury, Conn., January 24, 1905. proposals will be received at this office until 8 o'clock P. M. A Y, 6, l9;5, (at which time they will bo opened in public at a meetirg o' the Board of Aldermen) for the purchase of the fo'lowirg-described bonds. $100,0 0. The Sewerage Bond p of the City of Waterbury, bearing date January 1 1905, of the decomination of $i,000 each, bearirg interest at the rate o! three atjd otie-haif (:^!^j) per ceijtum per annum, payable semi-annually on the first days of July and January in each yearThe principal of said bonds shall oe payable thirty (30) years from date thereof, and both principal and interest to be pavable by New York draft at the office of the City Treasurer within the City of Sealed MARCH MOND Waterbury. The issue of said bonds is authorized by resolution of the (General Assembly or Connecticut approved April 30, IPOl. The bends will be coupon. Bids should be marked "Proposals for Bonds" and addressed to George H. Nettleton, City Clerk, City Hall Building, Waterbury, Connecticut, wnd to be accompanied by a certified check, payable to the order of the City Treasurer, for one (1%) per centum of the par value of the bonds bid for as a guaranty of good taith upon tbe part of the bidder. No bid for less than par and accrued interest can be aecepted. The right to reject any and all b'.ds is reserved. For further information address GEURQB H. NETTLETON, City Clerk. Waterbury. 0«rmi. & Burr, INVESTMENT BONDS Perry, Coffin Ycjrk. (AT.EXANDKR TURNER, , Trowbridge& Niver Co. MUNICIPAL AND PUBLIC SERVICE BONDS. E. of the City of Mount Vernon will, at its (Jhambers in the Lucas Building, Depot Place, on the' OF FEBRUARY, 1905, a, 8 o'clock P. M., receive sealed proposals 'or the purchase of Thirty- i-ix (3tJ) School fax Relief B nds of said citv. numbered consecuiivly as issued from . Selectmen <THO.\lA8 T.ALEXANDER. (U HART PURDY. _, ^ ^ „ Dated, DaLbury, Conn Jan. 2ri, 1905. 1st The C'^mmon Council Three Hundred and LOANS. CHICAGO, Nat. Bank Bldg. MUNICIPAL AND PUBLIC FRANCHISE CORPOfiATION BONDS W. J. HAYES & SONS, CL.KTELAND, OHIO. MUNICIPAL BOSTON. MASS. AHD BOSTON, 60 State Street. MacDonald, McCoy BANKERS. Milk Street, BOSTON. BOSTON. Bongbt and Sold. MUNICIPAL bonds" C. Stanwood & Oo. KUMICIPAL AMD 95 60 State Street, & Public Oo., CORPORATIOti BONDS. I7Z La Salle Street, C&icagc. Service Corporation BONDS. E.H.ROLLINS & SONS, BOSTON. DeHTer. Chieago. San Franelseo. THE CHRONICLE. 614 This is on a basis of about Z'AQ% in the case of the former and about 3 iB% for i:he latter issue. Following are the bids : 180,837 r4 onds. 104-53 104-88 104-329 104-30 104 89 Paving Day & Co., New York Harvey Flsk & Sons, New York B. L. Co., New York Co., New York York Halsey 4 Co., Estabrook 4 Blafee Bros. W. N. 4 New Rhoades 4 Richmond, New York Kountze Bros., New York FarsoD, Leach & Co., New York John D. Everitt&Co.New Ytrk. R. M. Grunt & Co New York J. Haye'j 4 Sous, Cleveland 110-175 110-22 110-S84 1(8-971 110-0S4 106-578 both, — 10366 For ' The pavement bonds are dated Feb. 1915, and the will matare Jaly 110-31 llO'l? 11014 10s-8->l Harde, , Feb. 11019 110223 104-i67 104-175 104-124 104-0« 103-88 New York S. Blodge', Merritt & To Boston N. W. Harris & Co., New York Dudley »50,0C0 r Bds. 110-c9 109 88 110-129 Wat i04-ii7 , W. ' 1905, 1, and mature water bonds carry date July 1, 1904, Interest, semi- annual. UniTersity Place, Htb.—Bond Sale.— On Jan. 17 this city awarded the $6,600 5% 10-20-year (optiona') electriclight Co. bonds voted at the election held Jan. 3 to W. E, Moss of Datroit for |50 premium, this bein? on a basis of 4 90^ if bonds are called at their optional date and 4*94^ if ailowed to run their full time. Denomination, $500. Interest, annual. Date, Feb. 1, 1905. and 1, 1984. 1, & Westehei^ter Conuty (P. 0. White Plains), N. Y.— Bond Sale.— On Feb. 1 tbe $39,7C4 43 i% 27-year funding bonds were & Sons, Cleveland, at 110 75— awarded to W. J.Hayes basis of about 3 39?; and the $17,016 18 Ai 4-year temporaryloac-highway bonds were awarded to the Westchester County Savings Batk at 102— a basis of about 346^. Following are the bids $'9,'r40 J. Hayes & Sons, Cleveland Westchester Couniy Savings Bank W. & Farson, Leach Co., New York „.. , John D. Everitt 4 Co.. New York W. R.Todd A Co., New York Blake Bros. 4 Co., Bosl on Geo M. Hahu, New York Home Savings Bauk County Trust Company 17,20761 1'',317 20 17,319 G. 1"', 4»,478 00 17,i28 CO 43,4S^6S 4H,000 07 48.433 77 ]7,i8333 17,15305 17,28ie5 17,afl7 17 17,198 a7 17,142 09 41,(.3849 2811, for description of bonds. WHITE H National Trust Co $34,800 CO Investigations and Reports on Electric Railway, Gas, Electric Light, and Power Transmission Properties for Financial Institutions and Investors. We tits, /?on<i0^en«gf.— Proposals will be received until 12 m., Feb. 9, by John E Andrus, Mayor, for $18,500 ^}4^ .^lesesament bonrl, dated Feb. 15, 1905, and maturing Feb 1, 1908. MISCELLANEOUS. 22a College & F. Cannon MUNICIPAL, RAILROAD and STREET RAILWAY BONDS. NASSAU STREET, NEW John YORK. IVIfq.C© O^^'^*-''** CORDAGE. 65 Wail Street, York New York H. M. II.I.S Byllesby ENGINEERS. City. Assets, $9,036,626. Paid to Policyholders ia 1904, $1,200,000. Kor BuslnesB CorrcnpoiideMce, DESIGN, CONSTRUCT AND OPERATE RAILAVAY LIGHT, POWER AND HYDRAULIC PLANTS. BOSTON. Emabllahcd 1883. New St., Chicat^o. BONDS. York Life Suildinc, CHICACO, lor letter written with your own hand, or by.the typewriter, are UNKQUAIiKU. Their quality at all In ftssured and they have won hichest honors the (jreat World's Fairs. For hlRh Rrade writing puper5:of flll kinds, for bond papers, and for ledRor papers, insist on havlnR them made by the Whether WHITING PAPER COMPANY, ILL. II NawYork. (H,^ OKE, I»1A»S. Philadelphia. Chica>ro« BALLANTYNE a EVANS, & Company COUNTY AND TOWNSHIP w & Cc^ LIST. OENISON, PRIOR & CO CITY' thelx EJSI^jNEERS^ Ezaminatlona and Keporta. 159 La Hulle with INCORPORATED. INVESTMENT BONDS. H. C. Speer commensurate th are Invited to comimunloate RICHARD E. COCHRAN, 3d Vlce-I lesldent, at the Oompany'B Office, 277 Broad^^ay, New MANILA SISAL AND JUTE APPIilCATIOK. CLEVELAND. Income annual euocesa, 172 TVashingtou Street, 8EN0 FOR and proprresalve Company, thereby securing ti t themselves not ouly an Immediate return for tieir work, but alao an increasing ITHITING'S PAPERS. T. B. POTTER, MUNICIPAL and DOMni<2 . Leathej JAMES E. PLUM CLARENCE H. KELSEY.Pr.Tlt.Guar.&Tr.Oo. WILLIAM H. PORTER, Pres. Chem. Nat. Bank estftbllehed CHICAGO. • Munn, M.D., President. Finance Committee: P. Tinr.e Deposits. The American St. Municipal Bonds, 171 LA SALLE STREET, CHICAOO, MHT ON THE CITY OF NE W YORK. IN Active and saoceBsfnl Agents who desire to make DIRECT CONTRACTB with this woll- R.FULTON & CO., CORPORATION States Life Insurance Co. CO., L,lmlted, Hill, 1904. I860. The United LONDON COREESPONDENTS J. G. \tIIITE: 134,078 00 Stjmi-annuaily at the Anthracite Bank of Wiikes-Barre. Maturity, |1, 000 yearly on Jan. 1 from 1923 to 1931, inclusive, all bonds being subject to call after Jan. 1, 1910. Bonds vv'ere authorizpci at election held Nov, 4, 1904. Winuetka School District Ko. 36, Cock County, 111.— Bond Offering.— PropoBals will be received until 8 P, M., Feb. 13, at the house of Henry F. Thurston, Secretary Board of Education, for $15,000 5% bonds. Denomination, $500. Date, Nov. 1, 1904. Interest, semi-annual. Maturity, $3,500 yeaily on Nov. 1 from 1913 to 1918, inclusive. Certified check for $200, payable to the Secretary of the Board of Education of Distriot No. 38, required. are advised that, YoDfeer?, N. Y.— Bonds Not Sold.— owing to the storm of Jan. 26 and the consequent delay in the mails, the $107,000 d}4% redemption and the $6,175 B}4i bridge bonds offered on that day were not sold. Bonds will be re-adveitised. See V. 80, p. 239, for description of securi- and Electric Power Plants Financed, Designed and Built. Interest Paid on Daily and Electric Railways, Electric Light Toronto , DKALBBS IN 1 C. Brent, - BANKERS, York. Wm. | Wilkes-Barre Town&hjp (Pa.) School Digtrict.— JBond Saie. On Jan. 26 |9,0n0 ^% bonds of tbis district were awarded to Trowbridge & Nlver Co Chicago, for $9,208 and interDenomination, $1,000. Date, Jan. 1, 1905, Interest est, INVESTMENTS. Engineers, Contractors, New Wealherford, Tex.— flond faie.— This city has sold at private sale to the Knights of Pythias at par an issue of Denomination, |1,000. $7,000 i% school-bnilding bonds. Dite, Oct, 1, 1904. Interest, semi-annual. Maturity, Oct. 1, 1944, subject to call after 15 years. Bond Cj^ertng.— Proposals will be received until 7 P. M., Feb. 16, by Henry Miller, Mayor, for $35,000 15.40-year (optional) reslstered sewer bonds dated Nov. 15, 1904. Denomination, $1,000. Interest semi-annually in Weatherford or in Austin, Tex. Bonded debt, including this issue, $54,Aeeeesed valuation, 1904, $2,244,265. 000. Wetabkiwin (Alta, N. W. T.,) School Distrkt No. 264.Dtbenture 3ale.—0a Jan. 20 the |35,000 5% debentures maturing part yearly for thirty years were awarded to the National Trust Co. at 99'72 and interest. Following are the bids ; CO., RudolphKleybolte&Co. Sc 43-49 Exchange Place, 17500 43,70300 43,7(2 07 43,56669 iNVESTMENTS. J. Bds. $17,203 oo 1'' ,356 SO 43,77H 10 43,7 641 48,713 87 I p. Highwav 00 43,o:930 |43,w7i> Estabrook 4 Co., B ston N. W. Harris & Co., New Y' rk N. W. Halsey &<^o.. New York Kountze Bros New York See V. 79, 117,01618 43 Funding Bonds. ' [YOL. LXXX. ENGINEERS, Examinations and Reports on Physical and Operating Values of Manufacturing Properties. *2 PINE STKEKT, NEW YOUK. BONDS s^SBk CERTIFICATES Also Uat'dsoraelv orKraved; steel-plate elleot. the cheainT kind, partly llllio«raptio(1 and partly priiitod trim typo. 100 Stock Cc'tlHcati>ti, $.1 to «25; the latter ei;HrKVed with Bteclplaie bordprs -oleRHiit. Seal Truss, If Willi Cert ideal os, tl 50. B. KING & CO., 112 William St., N.Y. (Telephoae.) Kimrnvers and LlthoKraphors. A.LBERT