The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
TV
onimerriH
VOL. 96
FEBRUARY 8 1913
Published every Saturday morning by WILLIAM B. DANA COMPANY, ,
Jacob Seibert Jr., President and Treas.; George S. Dana and Arnold G. Dana ,
Vice-Presidents; Arnold G. Dana, Sec. Addresses of all, Office of the Company
NO. 2485
C L E A R IN G S — FOR J A N U A R Y FOR FO U R
YEARS, AND
FOR W E E K E N D IN G F E B , 1
Week ending February 1.
Clearings at—
1 911.
Now Y o r k ________________
Philadelphia ...........................
Pittsburgh .......................... .
Baltimore........ ........................
Buffalo ...................................
W a s h in g to n ...........................
Albany .................... ..............
Rochester________________
Scranton .................... ............
Syracuse.................................
Reading.................. ....... .........
W ilmington ...........................
Wllkcs-Barro .......... ..............
W heeling________________
H a rris b u rg ------------------------T re n to n _________________
L a n ca ste r-------------------------York ...................... - ..............
E ric ...........................................
Chester........ ................ - .........
B ing h a m to n --------------- ------Grccnsburg------------------------Beaver County, P a ................
A lto o n a ................. - ..............
Frederick _______________
F r a n k lin ................— ...........
N o rristo w n .................. ...........
M ontclair.................................
Total M iddle___________
Boston .................. ......... .........
Provldcnco...............................
Hartford ........................ .........
New Haven------------------------Springfield ................ ............
Portland..................................
W orcester............ ................. .
Fall R iv e r.................. ........... .
New Bedford...................... .
H o ly o k e .................................
L o w e ll__________________
Bangor _________________
W a te rb u ry .............................
Total New England---------C hicago................................
Cincinnati -------------------------Cleveland________________
D etroit _________________
M ilw a u k e e ------------------------In dianapolis_____________
C olum bus________ ______ _
T o le d o __________________
Peoria .....................................
Grand Rapids____________
D ayton____ ________ ____ _
E vansville.................. ............
Kalamazoo .............................
Springfield, 111____________
Youngstow n_____________
Fort Wayne.............................
L ex in g to n _______________
Akron __________________
R ockford ---------------------------South Bend............................
C a n to n ..................................
Q uincy------------------------------Springfield, Ohio.................... .
Bloom ington...........................
Mansfield...... .........................
D e c a tu r.............. .......... ........
Jackson _________ ________
Jacksonville, 111...................... .
Danville ________________
Lim a____________________
L an sin g ...................................
Owensboro.............. .............. .
Ann Arbor_____ ____ _____
Gary .......................... - ......... .
F lin t ............ ......................
L o r a in __________________
A d ria n __________________
Total Middle Western........
Details of Pacific and Other
Tota l Pacific____
Total Other West
St. L o u is ________
Now Orleans______
Loulsvlllo _______
Houston ................ .
G alveston________
R ichm ond.............. .
A tla n ta ................... .
M em phis................ .
Fort Worth ............ .
Savannah.......... .......
Nashville................ .
N o r fo lk .................. .
Birmingham
Augusta
ugusta....................
A
—
Jacksonville___________
Macon ...........................
Charleston ....................
Oklahoma_______ ____
Little Rock....................
Knoxville .....................
Mobile______ ________
Chattanooga_____ ____
Austin_______________
Columbia.... .................
Wilmington, N. C.........
Beaumont____________
Columbus, Ga................
Vicksburg______ _____
Jackson ______________
Tulsa.............................
Meridian_____________
Muskogee......................
El Paso_____ _________
Total Southern______
Total all____________
Outsldo New York___
$
8 ,5 3 0 ,2 4 8 ,5 7 0
6 6 2 ,6 6 2 ,0 0 0
2 1 7 ,0 4 4 ,7 0 2
1 5 5 ,9 7 9 ,5 6 3
4 8 ,3 1 7 ,8 5 7
3 1 ,8 4 2 ,2 7 1
2 6 ,7 1 5 ,3 9 0
1 9 ,0 6 1 ,2 1 7
1 2 ,8 0 0 ,6 0 7
1 1 ,4 7 5 ,1 2 9
6 ,4 3 0 ,5 0 5
0 ,7 5 3 ,7 8 4
6 ,4 7 9 ,1 1 7
7 ,2 2 7 ,5 5 2
5 ,3 8 4 ,6 0 1
0 ,5 8 1 ,2 8 8
4 ,9 8 5 ,5 8 8
3 ,9 7 2 ,8 2 9
3 ,7 2 8 ,5 0 4
2 ,4 7 9 ,6 8 1
2 ,2 7 5 ,8 0 0
2 ,7 2 1 ,3 5 2
8 ,8 3 5 ,5 8 1 .5 3 9
7 1 5 ,5 1 5 ,5 1 7
2 2 3 ,0 5 0 ,1 8 5
1 7 2 ,6 6 0 ,6 8 8
5 2 ,4 3 0 ,8 3 1
3 5 ,0 1 8 ,1 6 4
2 7 ,0 9 0 ,8 4 9
2 0 ,0 8 3 ,7 0 5
1 3 ,8 2 4 ,7 3 0
1 1 ,6 9 0 ,0 6 2
7 ,3 7 9 ,2 0 6
0 ,9 5 0 ,5 6 3
6 ,7 4 8 ,5 5 4
8 ,1 6 4 ,7 8 4
5 ,8 0 1 ,3 6 2
7 ,1 3 7 ,8 9 4
4 ,6 8 2 ,4 4 3
4 ,0 4 8 ,6 3 6
4 ,3 8 9 ,7 2 8
2 ,5 6 1 ,1 9 3
2 ,7 8 9 ,2 0 0
2 ,9 3 6 ,7 1 3
2 ,2 4 8 ,5 5 3
2 ,1 6 7 ,0 5 6
1 ,3 3 0 ,7 9 7
8 4 7 ,6 5 7
1 ,9 4 1 ,1 3 7
9 ,3 3 8 ,7 4 1 ,2 0 6
7 9 0 ,4 5 5 ,7 7 3
2 0 0 ,2 7 4 ,0 7 6
1 9 8 ,3 7 3 ,6 4 9
5 5 ,1 4 7 ,4 1 8
3 3 ,8 7 1 ,0 2 5
3 2 ,1 3 8 ,9 1 8
2 4 ,1 9 8 ,2 0 7
1 4 ,7 7 3 ,6 1 8
1 3 ,5 4 6 ,0 3 1
7 ,8 5 7 ,3 0 3
7 ,9 8 7 ,4 1 0
7 ,5 1 4 ,2 3 5
9 ,5 9 5 ,7 8 4
6 ,8 8 1 ,0 1 9
7 ,7 0 0 ,8 1 0
6 ,9 4 1 ,0 3 4
4 .0 1 3 .0 5 6
4 ,6 9 3 ,8 9 2
3 ,2 8 7 ,1 2 1
3 ,1 8 9 ,3 0 0
2 ,9 6 4 ,6 8 8
2 ,5 1 4 ,6 0 7
2 ,4 6 9 ,8 2 2
1 ,5 8 3 ,4 4 7
1 ,3 4 2 ,8 6 4
2 ,1 2 4 ,8 9 5
2 ,0 0 7 ,3 3 7 Not Included 1
1 0 ;8 4 4 ,1 9 9 ,8 6 8 10,17976787746
8 2 2 ,8 7 7 ,9 1 6
8 4 2 ,8 0 2 ,4 9 4
4 1 ,8 2 7 ,3 0 0
4 0 ,2 3 4 ,3 0 0
2 4 ,2 8 5 ,8 0 5
2 2 ,1 4 2 ,5 9 5
1 4 ,9 2 5 ,9 5 6
1 4 ,4 9 6 ,9 7 6
1 3 ,3 0 6 ,8 7 7
1 1 ,3 0 0 ,1 0 8
9 ,1 8 0 ,4 1 9
1 0 ,4 4 5 ,2 1 6
1 2 ,0 3 5 ,9 3 4
1 1 ,3 6 8 ,8 8 2
5 ,0 3 9 ,3 3 0
5 ,0 8 0 ,1 0 5
4 ,6 8 9 ,3 5 1
4 ,4 4 9 ,9 8 4
3 ,1 5 2 ,8 8 0
2 ,8 3 7 ,5 7 7
2 .4 3 2 ,1 3 5
2 ,6 2 9 ,7 1 5
2 ,4 5 5 ,6 3 7
2 ,2 7 5 ,6 8 5
4 .3 9 2 .0 0 0 Not Included I
9 5 6 ,8 0 9 ,5 4 0
9 7 0 ,0 6 3 ,6 3 7
1 ,4 1 2 ,2 4 5 ,4 7 5 1 ,2 5 2 ,9 8 5 ,2 8 3
1 2 8 ,2 6 5 ,9 0 0
1 2 1 ,3 0 9 ,5 0 0
1 1 8 ,6 9 4 ,8 4 8
9 7 ,9 7 5 ,6 2 5
1 1 1 ,5 3 4 ,3 9 8
9 0 ,3 1 8 ,6 9 2
7 0 ,2 6 5 ,4 2 1
5 8 ,9 7 5 ,3 0 4
4 1 ,6 0 1 ,0 1 6
3 8 ,9 9 6 ,0 2 7
2 8 ,2 4 0 ,5 0 0
2 6 ,1 6 5 ,2 0 0
2 4 ,3 8 7 ,9 4 5
2 0 ,9 6 8 ,1 8 5
1 0 ,2 7 6 ,4 9 2
1 5 ,2 9 3 ,4 2 8
1 2 ,9 8 5 ,6 4 1
1 6 ,0 2 8 ,1 4 5
1 1 ,9 9 0 ,9 0 4
1 0 ,5 6 2 ,8 0 9
1 1 ,2 0 3 ,3 4 4
1 1 ,1 7 0 ,3 2 6
3 ,0 9 2 ,7 2 0
3 ,3 5 1 ,3 6 4
5 ,0 8 1 ,1 9 9
5 ,3 7 0 ,2 8 2
7 ,3 7 8 ,4 7 0
6 ,0 1 0 ,6 2 4
5 ,6 4 0 ,3 5 9
4 ,9 7 8 ,1 5 3
6 ,5 1 7 ,4 0 6
4 ,7 9 6 ,6 2 0
8 .9 0 8 .0 0 0
6 ,6 0 0 ,0 0 0
4 .0 9 2 .4 3 7
3 ,4 0 0 ,1 7 9
7 ,7 7 5 ,9 2 1
2 ,5 2 4 ,8 2 6
6 ,2 4 2 ,5 2 1
5 ,3 0 7 ,0 4 9
3 ,5 9 1 ,2 5 0
2 ,9 9 9 ,3 2 2
3 ,3 5 5 ,7 5 2
2 ,6 8 4 ,3 8 2
2 ,8 7 6 ,7 3 8
2 ,9 7 2 ,4 4 7
1 ,9 7 5 ,6 9 3
1 ,9 2 2 ,4 6 7
2 ,4 5 8 ,5 6 7
2 ,2 2 6 ,7 9 1
2 ,6 6 5 ,4 2 1
2 ,2 2 5 ,3 5 3
1 ,1 1 2 ,3 7 7
1 .5 0 4 .0 5 6
1 ,8 1 3 ,4 8 2
2 ,1 6 8 ,0 5 3
2 ,2 0 1 ,4 7 6
1 ,8 3 3 ,6 2 7
2 ,2 1 7 ,5 2 8
1 .7 8 8 .0 2 7
2 ,4 2 4 ,8 2 7
2 ,9 5 8 ,4 7 6
9 5 4 ,0 8 4
8 1 2 ,6 9 5
1 ,2 8 6 ,5 7 7
1 ,0 5 3 ,8 3 1
1 ,9 8 1 ,1 7 7
1 ,9 2 9 ,3 1 7
5 3 3 ,6 4 2
4 4 4 ,3 0 2
......... 2 0 7 ,7 7 2
192,541
2 ,0 7 8 ,4 6 6 ,6 3 4 1 ,8 2 9 ,0 7 5 7 16 0
Western on d age 399.
5 8 0 ,7 0 1 ,1 1 9
5 3 8 ,0 3 0 ,6 0 4
7 0 3 ,2 2 7 ,2 1 4
6 1 7 ,1 0 8 ,4 4 6
3 9 5 ,5 6 3 ,1 9 0
3 4 7 ,0 8 0 ,8 9 0
1 0 3 ,4 1 2 ,4 9 9
1 0 5 ,9 0 1 ,8 9 2
7 1 ,5 4 3 ,3 5 2
6 5 ,3 3 3 ,9 9 8
9 0 ,0 9 7 ,2 5 4
7 8 ,0 7 4 ,2 6 1
4 6 ,2 8 1 ,0 0 0
4 2 ,4 7 1 ,5 0 0
3 9 ,5 2 4 ,1 5 8
3 9 ,4 3 7 ,1 5 9
6 9 ,5 7 3 ,1 6 8
7 1 ,3 2 6 ,3 4 1
4 3 ,1 0 6 ,1 9 5
4 1 ,0 9 8 ,8 8 5
3 8 ,9 9 8 ,4 7 8
30,882,7141
2 4 ,8 6 8 ,0 5 9
2 8 ,3 3 8 ,0 9 1
3 0 ,2 8 0 ,0 3 5
2 0 ,9 0 0 ,0 0 5
1 8 ,4 7 8 ,4 7 2
1 0 ,3 6 0 ,2 9 3
1 7 ,5 0 6 ,0 0 4
1 2 ,9 2 7 ,9 3 5
1 0 ,7 2 4 ,8 4 0
1 1 ,0 7 4 ,0 8 0
1 5 ,7 0 1 ,5 2 3
1 4 ,8 2 7 ,3 0 3
1 7 ,6 4 9 ,1 2 5
2 0 ,1 5 9 .1 2 6
9 ,8 0 5 ,0 1 3
9 .4 4 5 .0 2 8
8 ,8 4 5 ,7 0 1
7 ,3 7 1 ,6 9 5
1 0 ,3 1 5 ,4 9 0
9 ,1 0 9 ,2 4 5
7 ,5 8 4 ,9 4 0
8 ,2 9 2 ,7 0 2
7 ,4 4 0 .6 7 8
6 ,9 5 7 ,8 6 0
1 2 ,3 4 4 ,2 8 0
1 0 ,7 8 4 ,5 5 7
1 5 ,4 9 5 ,8 5 5
1 1 ,2 5 1 ,9 8 4
5 ,9 1 9 ,5 5 2
4 ,2 6 1 ,1 7 8
3 ,5 5 0 ,7 1 2
3 ,0 1 8 ,0 6 2
2 ,8 8 1 ,1 8 3
3 ,0 6 5 ,6 7 2
2 ,3 4 9 ,3 5 5
2 ,3 7 9 ,6 8 9
1 ,8 9 2 ,1 0 0
1 ,8 2 0 ,0 7 8
2 ,4 0 0 ,3 2 1
2 ,1 9 5 ,3 9 8
2 ,9 7 8 ,0 0 0
4 ,1 4 1 ,0 5 2
1 ,6 4 2 ,4 0 0
1 ,5 6 8 ,8 0 3
3 ,3 4 1 ,7 0 9
4 .0 0 8 .4 3 7
5 ,1 0 8 ,0 5 9
5 .5 0 0 .0 0 0
1 7 14 5 .31 8 ,98 6 T 0 4 5 .9 8 7 .9 0 1
1 6 ,3 0 8 ,7 2 3 ,3 6 1 1 5 ,1 7 9 ,9 4 4 ,4 9 4
0 ,9 6 9 ,9 8 2 ,1 5 5 6 ,3 4 4 ,3 0 2 ,9 5 5
+ 7.9
+ 12.3
+ 14.0
—2.4
+ 9.5
+ 15.4
+ 9.0
+ 0.2
—2.5
+ 4.9
+ 26.3
— 12.2
+ 34.5
+ 12.9
+ 35.4
—3.2
+ 5.9
— 12.4
+ 3.8
+ 20.0
+ 13.2
—8.5
+ 6.9
+ 14.5
+ 37.7
+ 38.9
—1.9
+ 6.4
—1.3
—3.8
— 11.0
+ 39.0
—4.5
+ 21.8
_+ 7 .7
2,222,210
1 ,9 8 5 ,4 2 2
1 ,2 9 8 ,1 6 3
1 .0 9 6 .0 0 0
2 ,0 5 3 ,9 2 1
~
3 ,6 7 4 ,1 9 8
4 ,0 8 8 ,9 4 9
2 ,4 7 2 ,0 7 7
2 ,0 3 9 ,2 9 3
2 ,6 1 1 ,4 6 6
2 ,1 5 8 ,7 0 2
1 ,7 5 3 ,9 4 4
1 ,0 9 0 ,4 7 5
1 ,1 5 3 ,3 4 2
9 ,8 7 3 ,8 2 1 ,6 8 8
8 2 3 ,6 3 3 ,6 9 9
4 0 ,7 0 4 ,8 0 0
1 9 ,3 4 8 ,0 7 9
1 3 ,8 4 9 ,9 0 5
9 .8 6 1 .8 1 2
9 ,3 3 0 ,2 0 9
1 0 ,6 5 8 ,8 9 2
5 ,6 9 5 ,3 7 2
5 ,0 3 6 ,1 0 2
2 ,7 5 4 ,6 4 4
2 ,0 2 5 ,0 6 9
1 ,6 9 9 ,8 1 9
1 2 ,5 2 6 ,7 4 8 ,4 3 7
8 8 1 ,0 7 5 ,4 1 9
3 9 ,2 8 3 ,6 0 0
2 1 ,2 8 6 ,5 2 4
1 3 ,0 2 7 ,3 7 0
1 0 ,5 7 0 ,7 5 0
8 ,8 4 6 ,9 3 8
9 ,5 3 3 ,4 0 8
6 ,0 8 6 ,1 3 5
5 ,3 0 8 ,7 2 0
2 ,8 9 4 ,6 7 4
2 ,2 1 7 ,0 6 7
9 4 5 7 2 6 4 ,5 2 2
1 ,1 4 6 ,3 8 7 ,6 8 1
1 2 0 ,2 8 6 ,3 0 0
8 6 ,7 2 1 ,3 3 1
8 0 ,7 6 5 ,3 8 9
6 0 ,7 7 5 ,6 2 8
3 9 ,4 3 5 ,5 1 7
2 6 ,9 9 9 ,3 0 0
2 1 ,7 5 1 ,8 5 3
1 3 ,8 8 6 ,2 8 4
1 1 ,8 1 2 ,3 2 5
9 ,9 2 3 ,8 5 9
1 1 ,1 0 2 ,4 7 6
3 ,0 5 9 ,4 8 2
4 ,4 5 8 ,1 4 4
5 ,6 6 7 ,8 1 4
4 ,6 9 5 ,6 2 6
5 ,5 7 8 ,0 7 5
4 .9 4 4 .0 0 0
3 .1 7 3 .2 3 5
2 ,3 9 6 ,1 8 2
4 ,1 7 2 ,2 9 7
3 ,1 7 5 ,4 1 5
2 ,6 5 8 ,2 8 8
2 ,8 9 0 ,5 8 7
1 ,7 8 2 ,0 6 2
1 ,8 5 3 ,2 4 8
1 ,9 0 4 ,3 6 1
1 .3 5 0 .8 1 2
1 ,7 9 3 ,9 5 1
1 ,5 5 9 ,3 8 2
1 .5 9 1 .5 3 4
2 ,7 3 3 ,6 5 8
8 3 5 ,6 9 3
7 4 7 ,0 8 8
1,000, 1 3 0 .6 0 5
1 ,1 6 0 , 9 1 6 ,0 1 1
113, 3 0 3 .0 0 0
86, 4 5 9 ,1 5 6
74, 4 3 3 ,1 8 5
53, 7 4 3 ,8 2 1
41, 5 7 8 .9 4 3
28, 688.000
18, 5 0 1 ,3 3 4
13, ,77 7 ,96 9
12, 2 9 2 ,8 9 2
9, 3 8 6 ,1 9 9
9, 13 7,7 6 6
3, 2 3 7 ,6 8 3
4, 6 7 8 ,4 5 3
4, 8 1 4 ,3 6 5
4, 6 5 3 ,9 8 4
0 6 8 ,6 3 9
3|5 9 4 ,6 0 0
2, 8 9 4 ,0 3 0
2, 3 0 9 ,9 6 0
3, 9 8 4 ,2 3 6
2, 8 4 7 .9 4 3
2, 3 9 6 ,1 2 9
2, 5 0 1 ,9 4 0
1, 7 0 5 ,0 2 6
2, 0 2 3 ,4 9 7
1, 8 2 6 ,3 8 0
1, 2 9 7 ,1 3 7
1, 9 4 9 ,1 9 0
1, 4 2 1 ,2 9 7
1 4 6 ,8 3 0
1 ,6 9 3 ,0 0 5 ,7 0 7
_______160,971
4 7 2 ,3 2 2 ,9 0 6
6 0 8 ,1 6 4 ,9 0 2
3 5 2 ,8 4 8 ,2 7 7
9 8 ,2 8 5 ,1 6 2
6 7 ,0 7 8 ,3 7 6
5 6 ,3 9 7 ,6 4 0
3 8 ,0 1 3 ,5 0 0
3 4 ,9 6 9 ,7 1 9
6 3 ,9 7 3 ,1 7 6
3 8 ,5 2 3 ,8 5 5
3 2 ,3 7 3 ,3 1 7
2 7 ,2 5 8 ,4 3 8
1 9 ,1 5 4 ,7 0 2
1 4 ,4 4 1 ,7 3 3
1 2 ,2 1 7 ,7 9 8
1 3 ,8 4 9 ,4 4 8
1 2 ,9 6 4 ,8 8 5
1 9 ,4 1 3 ,6 3 2
1 0 ,3 9 4 ,4 5 4
1 0 ,5 7 1 ,7 4 0
8 .3 8 1 .2 3 5
8 ,1 8 2 ,4 8 4
7 ,5 1 5 ,1 4 9
8 ,5 0 8 ,5 8 0
6 ,7 2 7 ,3 2 8
4 ,8 0 2 ,8 0 9
3 .7 6 2 .5 3 4
2 ,7 1 4 ,5 0 0
2 ,7 0 7 ,6 1 2
2 .2 0 3 .0 0 0
3 ,4 2 6 ,9 6 7
2 .6 5 2 .0 0 0
1 ,6 8 0 ,6 9 5
4 5 0 ,0 0 7 ,5 7 5
6 0 3 ,5 0 9 ,0 2 6
3 1 3 ,0 2 8 ,4 5 5
1 1 8 ,0 3 5 ,5 5 1
6 6 ,3 2 7 ,0 6 0
5 9 ,9 0 3 ,4 0 0
3 2 ,6 4 9 ,5 0 0
3 6 ,6 5 2 ,0 1 2
5 6 ,8 3 2 ,2 7 6
3 1 ,9 8 3 ,5 8 4
3 0 ,3 7 0 ,0 7 0
2 0 ,3 3 3 ,9 9 5
1 8 ,6 3 8 ,0 8 0
1 3 ,2 2 3 ,8 4 5
1 2 ,8 1 4 ,1 3 6
1 0 ,8 4 6 ,3 6 4
1 0 ,7 4 0 ,4 6 0
5 ,7 7 8 ,1 0 5
8 ,9 4 7 ,4 5 7
9 ,5 7 1 ,9 2 3
7 ,9 9 7 ,9 1 7
7 ,4 1 1 ,1 9 5
7 ,1 3 1 ,8 5 4
8 ,4 7 6 ,1 6 8
4 ,5 8 6 ,5 9 1
4 ,6 2 4 ,8 9 9
2 ,4 4 8 ,6 5 1
2 ,7 4 1 ,1 8 8
1 ,7 9 2 ,3 2 0
1 ,7 0 6 ,4 0 0
2 ,2 4 2 ,9 2 8
2 ,3 8 4 ,5 1 5
8 7 1 ,4 6 0
1 ,6 7 8 ,7 4 0 ,7 1 1
1 ,5 7 9 ,8 1 7
4 ,7 4 3 ,0 9 9
+ 9.5
9 9 0 ,7 4 2 ,8 5 0
_+7.4 1 4 ,4 9 3 ,3 2 5 ,5 7 5
+9.9 5 ,9 6 3 ,0 7 7 ,0 0 5
' Table Clearings by Telegraph and Canadian Clearings on page 398.
1 1 ,2 4 9 ,0 7 5 ,9 8 1
6 9 8 ,3 7 5 ,2 1 8
2 2 6 ,4 5 7 ,8 9 1
1 4 3 ,0 6 9 ,0 2 4
4 7 ,0 6 9 ,3 7 5
3 2 ,0 9 2 ,2 7 2
2 6 ,0 3 4 ,5 7 9
2 0 ,3 9 8 ,0 5 3
1 2 ,5 7 4 ,7 5 7
1 1 ,6 8 8 ,7 7 3
6 ,8 9 2 ,5 8 7
6 ,8 2 8 ,7 3 7
5 ,9 6 1 ,4 7 2
7 ,5 4 1 ,4 0 7
5 ,3 2 8 ,6 2 4
6 ,3 1 6 ,3 4 1
909,416,171
1 7 ,1 6 8 ,5 5 2 ,5 2 5
5 ^ 9 1 9 ,4 7 0 ,6 4 4
S
1 ,9 8 0 ,9 5 9 ,
17 3,6 1 8,
5 6 ,9 5 9
4 0 ,6 7 9 ,
10,848,
6 ,8 7 1 ,
6 ,5 1 0 ,
4 ,8 9 1 ,
2 ,7 3 4 ,
2 ,3 4 0 ,
1,815,
1,669,
1,559,
2 ,3 6 5 ,
1 ,5 4 6 ,7 0 9
1 ,4 3 9 ,6 0 0
7 9 2 ,6 9 6
8 8 3 ,8 8 6
6 4 9 ,9 0 1
6 2 2 ,6 0 0
6 2 8 ,5 1 4
4 4 5 ,3 1 7
%
,1 2 3 ,3 5 7 ,9 8 4
— 6 .7
1 7 0 ,1 3 0 ,6 4 9
+ 2.1
4 4 ,4 9 1 ,0 0 2 + 2 8 .0
4 3 ,1 6 5 ,1 4 7
— 5 .8
9 ,4 0 3 ,3 1 6 + 1 5 .4
8 ,3 9 8 ,6 1 2 — 1 8.2
+8.0
6 ,0 2 1 ,5 5 4
— 7 .3
5 ,2 7 4 ,5 9 1
3 .0 7 6 .8 7 9 — 11.1
2 ,6 9 0 ,6 4 3 — 1 3 .0
1 .5 5 2 .8 8 0 + 1 6.9
1 ,4 1 5 ,0 9 7 + 1 7 .9
— 1.2
1 ,5 7 9 ,4 7 9
1 ,7 2 4 ,9 4 2 + 3 7 .2
1 ,5 5 5 ,7 1 3
1 ,0 6 3 ,7 4 7
8 0 6 ,2 5 5
8 3 8 ,6 3 2
6 4 8 ,0 9 2
7 0 1 ,5 0 0
5 2 6 ,3 0 1 1
” 403',386
—0.6
+ 3 5 .3
— 1.7
+ 5 .4
+ 0 .3
— 11.3
+ 19.4
+ 1 0.4
9 0 5 ,9 t b
8 8 2 ,2 0 0
6 0 8 ,4 0 7
5 3 5 ,2 0 1
6 1 4 ,0 4 5
4 3 7 ,2 8 6
Y isV d
3 9 9 ,7 0 0 Not Included
2 ,3 0 0 ,8 3 3 ,9 8 3 2 ,4 2 8 ,7 7 9 ,4 0 1
1 5 9 ,8 6 6 ,8 7 7 2 0 6 ,8 5 1 ,5 5 8
8 ,3 3 9 ,5 0 0
8 ,2 3 5 ,8 0 0
4 ,4 6 4 ,4 1 8
5 ,1 1 5 ,6 4 8
2 ,8 9 4 ,7 1 3
2 ,7 9 2 ,4 4 2
2 ,5 6 9 ,8 9 4
2 ,3 8 0 ,5 0 5
1 ,6 7 7 ,0 2 9
2 .3 6 1 .1 4 5
2 ,3 6 7 ,3 9 4
2 ,2 5 0 ,3 5 6
1 ,1 0 2 ,5 5 7
8 9 1 ,1 3 1
9 0 8 ,6 4 8
8 6 3 ,6 9 1
6 5 6,8 9 1
6 4 6 ,3 3 7
4 2 6 ,7 9 2
4 9 9 ,2 4 5
4 7 1 ,1 7 4
4 5 1 ,2 9 0
—1 8 6 ,0 9 4 ,1 0 8
2 9 4 ,6 6 6 ,1 9 5
2 6 ,9 1 9 ,7 5 0
2 3 ,4 4 5 ,3 6 0
2 1 ,6 0 0 ,1 7 1
1 5 ,2 8 3 ,4 1 7
8 ,4 0 3 ,3 8 7
6 .1 5 3 .5 0 0
4 ,4 6 4 ,7 9 7
3 ,4 8 2 ,9 9 8
2 ,9 9 2 ,7 8 1
2 ,7 2 6 ,0 2 0
1 ,7 5 0 ,0 0 0
6 8 4 ,1 3 9
8 5 8 ,9 6 5
1 ,4 6 9 ,7 7 5
1 ,1 0 2 ,4 0 8
1 ,4 1 0 ,1 9 4
1 .6 0 0 .5 0 0
9 1 1 ,7 6 7
1 ,3 8 4 ,6 8 5
1 ,1 0 1 ,9 2 1
7 2 2,9 0 1
5 6 8 ,6 9 8
5 9 3 ,9 7 9
3 4 5 ,6 6 0
4 3 4 ,8 9 9
6 0 0 ,0 0 0
3 0 3 ,5 5 0
4 3 7 ,2 4 6
4 6 7 .3 2 4
3 3 5 ,8 5 4
6 6 1 .3 2 4
2 4 0 ,0 0 0
'2 3 2 ,0 1 0 ,9 2 7
2 9 9 ,3 4 8 ,4 9 0
2 5 ,0 2 3 ,6 5 0
1 9 ,2 9 7 ,1 7 5
1 7 ,9 2 9 ,8 7 2
1 4 ,4 0 1 ,5 2 1
7 ,5 3 1 ,3 2 1
5 ,0 0 3 ,2 0 0
3 ,9 4 9 ,1 0 9
3 ,4 7 2 ,6 3 2
3 ,1 0 3 ,9 4 4
2 ,0 7 5 ,8 3 1
1 .8 3 2 .9 6 9
6 5 3 ,2 6 9
1 .1 1 4 .1 4 6
1 ,0 5 9 ,0 4 9
1 ,0 2 9 ,0 6 7
1 .0 5 8 .9 7 0
1 ,2 7 0 ,0 0 0
7 3 1 ,3 0 8
5 3 8 ,0 1 6
1 ,0 7 8 ,4 3 9
6 5 7 ,8 5 0
5 2 5 ,3 8 5
7 5 5 ,5 6 9
3 5 0 ,0 7 1
5 0 6 ,3 5 2
5 0 0 ,4 5 0
3 5 0 ,0 7 0
4 7 9 ,6 5 7
3 2 4 ,1 3 3
3 7 6 ,6 9 9
5 7 4 ,1 1 3
2 0 8 ,0 0 0
4 4 ,9 1 7
4 2 8 ,1 6 9 ,0 7 8
1 10.6
3 1 ,9 4 7
4 1 7 ,1 4 2 ,3 0 4 ” + 2 .4
1 1 6 ,8 8 3 ,5 2 2
1 4 3 ,1 2 9 ,0 0 9
8 3 ,0 9 1 ,6 3 0
2 0 ,2 5 2 ,6 3 7
1 6 ,0 7 4 ,2 9 5
2 0 ,8 4 4 ,0 7 2
1 1 ,0 7 4 ,5 0 0
8 ,9 2 3 ,0 7 5
1 3 ,3 6 4 ,4 1 1
8 ,0 0 8 ,2 6 7
8 ,4 4 5 ,2 4 5
5 ,4 1 5 ,9 5 6
6 ,6 7 7 ,1 7 4
3 ,8 6 1 ,2 7 8
2 ,887.55S
2 ,4 2 4 ,7 5 4
3 ,1 5 7 ,3 1 4
3 ,9 9 2 ,1 9 7
1 ,7 4 9 ,0 1 4
2 ,1 3 8 ,0 6 7
2 ,0 1 4 ,5 3 8
1 .5 0 0 .0 0 0
1 ,5 2 2 ,3 3 9
2 .3 3 0 .0 0 0
1 1 1 ,8 2 7 ,5 8 6
1 3 6 ,0 7 9 ,4 0 0
7 5 ,5 6 5 ,5 7 9
2 1 ,9 9 0 ,5 9 8
1 5 ,6 4 5 ,9 5 5
2 0 ,1 0 6 ,5 0 0
9 ,6 1 2 ,5 0 0
1 0 ,0 9 0 ,3 8 8
1 5 ,1 7 6 ,3 2 8
9 ,6 6 9 ,9 9 5
7 ,2 3 7 ,4 4 3
6 ,2 5 8 ,5 0 3
5 .3 8 4 .7 1 6
3 ,5 4 5 ,9 1 7
3 ,1 0 0 ,8 6 3
2 ,5 5 8 ,0 8 3
3,0.83,601
4 ,2 5 5 ,9 0 0
2 .0 0 3 .0 0 0
1 .4 5 0 .0 0 0
2 ,5 6 8 ,9 2 1
1 .5 5 5 .7 1 7
1 ,4 9 5 ,2 2 6
2 ,0 4 9 ,2 0 9
1 ,7 0 7 ,0 7 9
2.200.000
+ 4 .5
+ 5 .2
+ 10.0
— 7 .9
+ 2 .7
+ 3 .7
+ 1 5.2
— 1 1 .5
— 1 1.9
— 1 7.2
+ 1 6.7
— 1 3 .5
+ 2 4 .0
+ 8 .9
—6 .9
— 5 .2
+ 2 .4
—6.2
— 1 2.7
+ 4 7 .4
—21.6
— 3 .6
+ 1.8
+ 1 3 .7
+ 2 8 .9
4 1 1 ,3 6 8
3 3 7 ,8 8 3
4 7 0 ,2 8 9
9 2 5 ,9 3 9
5 1 8,8 2 1 — 3 4 .9
3 3 5 ,0 0 0 + 4 0 .3
4 8 8 ,3 5 6
+ 9 .0
9 0 1 ,1 9 3
7 8 2 ,0 9 0
2 2 8 ,7 3 6 ,2 8 3 2 2 8 ,7 3 6 .2 8 8
3 ,5 5 5 .6 9 0 ,4 4 5 3,555.576.006
1 ,4 3 2 ,2 3 8 ,4 6 1 1 ,4 3 2 ,2 1 7 ,9 1 2
+ 15.2
+ 2.6 2 1 9 ,8 9 7 X 1 7 192,458,6S[©
—4 .1 3 ,5 7 7 ,8 1 6 ,4 2 0 3,781,011,23.4
—0 :2 1 ,3 5 9 ,6 6 6 ,7 9 1 1,332,25X320
THE CHRONICLE
382
THE FINANCIAL SITUATION.
The course of Governor Woodrow Wilson’s trust
bills— the “ seven sisters” he fondly calls them—-in
the New Jersey Legislature is being closely watched
by the whole country. And it is well that this
should be so. Many of the largest industrial com
binations have been organized under New Jersey
law, which in the past has been extremely liberal— too
liberal it is now admitted, thereby offering special
inducements for incorporation in that State. Not
alone.that, but Governor Wilson is presently to pass
from the local field of activity which he now occu
pies to that larger sphere which belongs to the
office of President of the United States. His ideas
will not change with his translation into another
position and hence it is a reasonable inference that
any legislation with reference to trusts that may
find its way into the statute books of New Jersey
will be but a stepping stone to a similar movement
at Washington on a larger scale. Whatever harm
results from errors of legislation in New Jersey will
be more or less localized, notwithstanding the num
erous outside companies that have sought legal
shelter there. On the other hand, any mistakes at
Washington will involve the whole country. But
by reason of the likelihood that the legislative
movement in the one case will follow that in the other,
it is in the highest degree important that New Jersey
legislation should start right.
The problem of trust regulation is a big one, be
sides being a tremendously important one. In en
acting new laws for the purpose, the legislator should
proceed deliberately and with the utmost caution.
Governor Wilson, however, is impatient, and
is urging the Legislature to proceed with
unusual haste.
Hearings on the bills have
been given the present week and Mr. Wilson has
taken pains to let it be known that he considers it a
waste of time to bother with such hearings. He was
prepared to see the measures opposed, and therefore
opposition does not disturb him. In the drafting
of the bills he has had the assistance of the best legal
talent in the State, and he feels that that is all that
is required. Unfortunately, it often happens that
those well informed in the law are not well acquainted
with business methods and business conditions. The
bills of course meet Mr. Wilson’s views in being all
embracing and all-inclusive, but the danger is that
by reason of that very fact all business may be put
into a legislative straight-jacket and all freedom of
action be taken away. In the conduct of the trade
and commerce of the country, full latitude must al
ways be allowed for the exercise of individual judg
ment. The business man should not be deprived of
that discretion which belongs to every individual so
long as he conducts himself properly and does not
trample on the rights of others.
In view of all this, it is a question for the serious
consideration of the New Jersey legislator whether
he should yield his judgment to that of the executive
and allow these bills to be rushed through pell-mell,
no matter whether they are likely to work well in
practice or not. It seems natural that the New Jer
sey lawmakers should show an accommodating spirit
towards the Governor, as he is to occupy the high
office of President , and as his time remaining as Gov
[V ol .
X C V I.
ernor is so limited, but these considerations should
not make them blind to the duty which they owe
the people. This last must always be foremost and
paramount. As these measures now stand, they seem
certain to be detrimental to the public welfare rather
than beneficial. The slightest consideration of their
probable working must show that to be a fact. This
being so, it follows that the legislator who joins in
making them law, simply as a matter of political
expediency, or out of a desire to be friendly and cour
teous to the Governor, is recreant to his duty. Even
out of regard for the Governor it will be more kindly
to amend the bills, because thereby the Governor’s
reputation may be saved where otherwise it is in
danger of being blasted. We speak of “ amending”
the measures because possibly in that way they
can be made really serviceable to the public.
At any rate, active endeavors to that end
should be encouraged. But to know in what
particular the bills need altering, it is necessary
that they should be studied in all their bearings
and that criticism should be invited. For this
purpose ample time should be granted. A few
days will not suffice.
No doubt the purpose of the bills is good, but
whether the object in view will be accomplished is
open to serious question. It is only too obvious that
they were framed by those having only an imperfect
knowledge of business conditions and requirements.
The rigidity of the measures is their main defect, and
this criticism applies to every one of the “seven
sisters.” They may serve as a dragnet to catch
offenders, real and imaginary, but their objection
able features appear to outweigh any merit they may
possess. At this week’s hearings it was pointed out
that the bill directed against combinations and price
agreements is so broad in its language— forbidding
practically everything done, not alone between two
or more corporations, but also between two or more
persons— and so stringent as to price understandings,
that even the members of a partnership might incur
the risk of three years’ imprisonment if they con
ferred together for the mere purpose of determining
at what figures their goods or wares should be sold.
The other bills are open to the samo objection,
though the Legislature is asked to rush them through
without consideration.
No one, for instance, can be certain as to how
Senate Bill No. 44 will work. This makes it a mis
demeanor punishable with three years imprisonment
for any corporation, firm or association to discrim
inate between different sections, communities or
cities of the State by selling any commodity or article
of merchandise or rendering any service in one com
munity at a price lower than that at which the same
commodity is sold in another section “ or at the same
rate or price at a point away from that of production
or manufacture as at the place of production or manu
facture” , after, allowance for the difference in cost
of transportation, if the effect or intent is to hinder
competition or restrict trade. What would be the
general effect of such a law? We all know the
offenses at which this measure is aimed, namely
such practices as the Standard Oil Co. used to
indulge in, in its early history, when it would go into
a particular locality and sell below cost in order to
drive an independent refiner out of businoes. Every
Fe b . 8
1918 ]
THE CHRONICLE
one is agreed that such practices are reprehensible
and detestiblo and should be made impossible in
the future.
But the bill referred to would apparently make it
impossible legally to continue ordinary trade cus
toms and usages. Of course, the courts might read
practical sense into the Act, if it went on to the statute
books, but then again they might not. Or the law
might be allowed to remain a dead letter; but that
also is a violent assumption in these days of the rigid
enforcement of statutes dealing with trade matters.
We have seen, for instance, that the only difference
in price allowed is a difference in the cost of trans
portation. Is that all the latitude and discretion
that should be allowed to the business man? It
is also pertinent to ask whether, after the bill be
came a law, an independent manufacturer could make
special prices and contracts to buyers in the same vic
inity in order to secure business.
Suppose the market price for lard in Jersey City is
6c. per pound, and a buyer who has never purchased
heretofore from some particular manufacturer offers
5%c. Could the offer be accepted in this instance
for the purpose of introducing the goods (a special
brand) and securing the man’s custom in the future?
Could a concern making butter in Sussex County sell
the product in Camden at the same figure as at
Branchville, Sussex County, with the object of se
curing new trade? Would it be permissible under
the bill to sell goods at different prices in the same
city or locality, taking into consideration the ques
tion of extension of credit, the length of time and the
financial risk accompanying the sale? Say the mar
ket price of lard in Newark is 7c. a pound, and a
concern has a buyer at that point who has been bad
pay in the past, and the only way to make up pre
vious losses with him is to continue the risk and to
endeavor, if possible, to secure from him a price for
goods slightly in excess of the market— say 7j^c.,
or 7)^c. Under Senate Bill No. 44, could such an
ordinary commercial transaction happening every day
of the year all over the country be interpreted as a
discrimination against this buyer, subjecting the
seller to a maximum of three years’ imprisonment and
a possible fine ?
These are all questions that arise in contemplating
the possible operation of these anti-trust bills and
they are deserving ofthe most careful consideration,
for obviously if they should be answered in the nega
tive the effect would be to produce industrial paraly
sis. It is one thing to say that goods shall not be
sold at less than cost with a view to driving out a
competitor and it is quite another thing to say that
no price discrimination at all shall be permitted
except such as is based on differences in transporta
tion charges. By allowing only such discrimina
tions between different sections and different locali
ties as may be due to difference in transportation
cost, the effect might really be to end competition
in any particular locality, whereas Mr. Wilson’s
purpose evidently is (and he has so expressed himself
repeatedly) to promote and extend competition.
For if the local manufacturer already had the field,
the outsider might be prevented from coming in,
merely because of the relation with regard to prices
at other points which the law forced him to adopt.
As we said two weeks ago when first commenting on
3S3
these bills, it is by no means clear that Mr. Wilson
has succeeded in solving the trust problem. Hence
it would appear to be the part of wisdom to study
the possible operation of these measures before rush
ing them on to the statute books.
President Taft has vetoed a bill providing for
appointment of an Army officer to the joint New York
and New Jersey Harbor Board, this action being
taken because of the discovery that the Board was
empowered to investigate and report concerning
“ extension of pierhead lines” , and Mr. Taft saw in
this a possible tendency to impairing the control of
the Federal Government over this harbor. He has
found a sharp difference of opinion between the
Federal authorities and the existing members of the
two State Boards as to the pierhead line. They
would further narrow the river at its narrowest
point, a course which has been passed on disapprov
ingly by four successive Secretaries of War, including
himself. Accordingly, he views that as settled, and
thinks there could be no permanent assurance of
maintenance of the needed width if a decision so
repeatedly affirmed could be opened and reversed.
By a sort of coincidence, it happens that on the
same day Secretary Stimson passed on the same
subject, and in such a manner as to suggest modes of
relief. He denied all applications for extension of
the pierhead line “in the Chelsea reach of the river” ,
but pointed out that straightening the line from the
Battery to Gansevoort Street, and also straightening
the line on the New Jersey side between the Morris
Canal basin and 5th Street in Hoboken, will permit
1,000-feet piers in the lower part of Manhattan and
will give room in Hoboken for the new HamburgAmerican “ Imperator” , due here in a few months.
Both these changes have been recommended by
the Harbor Line Board, and he approves both. He
writes to the Mayor that he does this “ upon the
assurance of your letter that the city and its officials
are ready and willing to file at once the plans for the
new piers and to proceed with their construction
with the funds now in hand for that purpose.”
The reference here is to the dock bonds (about 70
millions) very lately released by the Court of Appeals,
as being a self-supporting debt, from inclusion within
the constitutional limit; this very action was seized
on by the persons who are fighting against new
subways as equivalent to money which the city had
found and as clear proof that the city is amply able
to go into municipal subway building. As all sincere
and informed persons know, the city’s financial
strength is needed to the utmost for growing public
work, arising out of and increasing with its own
growth, along lines which private capital neither will
nor can touch, and this accession to constitutional
borrowing capacity (which does not of itself improve
the city’s borrowing ability, a very different matter)
is needed for the enlarged docks.
Mayor Gaynor is ready, and he assures Mr.
Stimson that the city is ready and “ is now in funds
for that purpose” , meaning, of course, this same
70 millions. Mr. Stimson still regards the city as
dilatory heretofore, and now says it “ has had ten
years’ notice that no further encroachment would be
permitted, and that any further demand for longer
piers must be met by digging back into the land and
384
T H E C H R O N IC L E
not by building out further into the river” . Appar
ently conditioned upon some definite action by the
city, he also offers to extend the permit for the White
Star temporary extensions (expiring in June) until
the new work can be done. “ Digging back into the
land” brings us anew to the pending proposition to
dig back above 42d Street, a matter which lies
wholly within the legal competency of the city.
Further inaction is an economic waste and a
tempting of destiny, but no work can be done with
out the funds for doing it. So we must marvel again
at the crass stupidity, or the self-interest, which
would gratify itself at the cost of any public injury,
or the reckless refusal to confess facts and listen to
reason (whichever of these is the one) that actuates
the persons who are trifling with the growth and
welfare of New York by trying to force it into the
bottomless ditch of municipal subway building.
[Vol. XCVI.
shares in 1910. The record aggregate reached in
1906 was 38,512,548 shares.
Sales of railroad and
miscellaneous bonds also showed marked curtailment
in volume, a par value of but 52% million dollars
this year contrasting With 110% millions a year ago
and 134% millions in 1909. On the Boston Stock
Exchange the January 1913 stock sales reached
637,794 shares against 1,150,600 shares in 1912,
and the results at Philadelphia were 455,481 shares
and 640,185 shares respectively.
Canadian Clearing-House returns continue to
furnish the same evidence of expanding trade and
material development that has been the feature of
the reports from the Dominion for a long time past.
In two or three instances losses from last year are
recorded but striking gains are observeable at Vic
toria, Edmonton, Moose Jaw, Hamilton, Winni
peg, Saskatoon, Fort William, London and St. John,
these following more or less conspicuous increases in
1912. The total for the 20 cities for which compara
tive figures are available was for the month this
year $801,948,332— a record of course— and 17.1%
greater than for the preceding year.
Further expansion in trade is indicated by our
compilation of bank clearings for January 1913
given on the first page of this issue. The improve
ment extends to every section of the country and
to nearly all of the 152 cities reporting. At New
York even a very fair gain is shown notwithstanding
Contrary to expectations, the renewal of the war
a lesser volume of stock transactions. In fact the between Turkey and the Allies was not averted.
only important centre of speculative activity where Attacks upon the Turkish lines were made in various
any loss is reported is Boston and that relatively localities as soon as the notice that had been given
very small considering the marked dulness that ending the armistice had expired. The Turkish
prevailed in Stock Exchange transactions there. As army occupying the peninsula of Gallipoli and defendindicating the decided restrictions in the volume of ng the Dardanelles suffered a defeat at the hands
business on the local Exchange in the late month, of the Bulgarian troops to the South of the river
we note that it was smaller than in January of any Kavak on Thursday, according to a semi-official
year since 1897, and that as compared with some of statement made at the Bulgarian war office. The
the years— 1901, 1905, 1906, 1907 and 1910 for statement concludes that as the result of this success
instance— the shrinkage in the number of shares dealt nearly the whole coast of the Sea of Marmora as far
in was conspicuously heavy.
as Bulair is now in the hands of the Balkan allies.
The grand aggregate of clearings for the month for The Turks on their own admission lost 5,000 men
the 152 cities was greater by 7.4% than for 1912, in the Gallipoli contest and they remain on the
while compared with 1911 an increase of 12.5% is defensive at Chatalja and Adrianople. The Turkish
exhibited. At New York there is a gain for January newspaper “ Tanin” asserts that Adrianople has suffi
over 1912 of 5.7% and over 1911 of 9.5% , but cient provisions for four months and other Turkish
comparison with 1910 reveals a loss of 17% fully reports declare that the fortress will be able to hold
ascribable to the speculative activity of that period. out for several weeks. Rumors have been current
Outside of this city the month's total is the largest for some time that the Turkish Government proposes
on record,exceeding by 9.9% that of 1912, by 16.9% selling some of the crown jewels in order to supple
that of 1911 and by 17.7% that of 1910. It is not ment public subscriptions in aid of the Imperial
possible, of course, to go deeply into the showing treasury. These rumors have acquired some sub
made by the individual cities. Suffice it to say that stantiation owing to the presence in Constantinople
satisfactory percentages of gain are to be found in of representatives of prominent French jewelers.
all sections. Among the most notable instances we The Ministers of the Powers in Sofia on Thursday
mention Lancaster and Chester in the Middle communicated to the Bulgarian Premier the request
division; Springfield, in New England; South Bend, of the foreign consuls at Adrianople for permission
Lexington, Akron, Jacksonville, Detroit, Cleveland for foreigners to leave the town or for the establish
and Youngstown in the Middle West; San Diego, ment of a neutral zone for their protection. The
Fresno, Sacramento and Los Angeles on the Pacific; Premier declined to accede to the request, declaring,
Duluth, Minneapolis, Sioux City, Cedar Rapids in explanation, that there was no precedent for
and Waterloo in the “ Other Western” group, and foreigners leaving a besieged place under similar
Nashville, Birmingham, Fort Worth, Austin, Colum circumstances, and there were weighty reasons why
bia and Tulsa at the South.
Bulgarian troops could not grant such permission.
Dealings in stocks on the leading Exchanges of Nor could a neutral zone be established, as no
the country in January were quite generally much guaranty could be given that shells would not
smaller this year than in either 1912 or 1911. On accidentally fall within the zone. Cabled dispatches
the New York Stock Exchange they were, as stated from Vienna state that in spite of repeated assurances
above, much less than in any year since 1897. They \that Roumania and Bulgaria have reached an under
were onlyj8,748,973 shares, comparing with 10,906, standing, advices from Bucharest declare that Rou
138 shares in 1912 and no less than 24,538,649 mania is mobilizing another army corps and that
F e b . 8 1 9 )3 )
THE CHRONICLE
unusual military activity prevails throughout the
Kingdom. Roumania has demanded a portion of
Silistra, which is now held by Bulgaria, in return
for Roumanian neutrality throughout the first stage
of the Balkan War. It is reported, though uncon
firmed, that Roumania, in the event that Bulgaria
shall refuse to grant her territorial demands, will
aid Turkey in the renewed war. The important
feature of the war situation, however, is the tacit
agreement among bankers of all the great Powers
not to participate in war loans. There will be plenty
of financial assistance available when the war is
over, but not before.
Backing and filling still continues in the negotia
tions for the $125,000,000 loan that the Six-Nation
Syndicate of bankers proposes to make to China.
Some of the American interests connected with the
transaction are completely tired of the entire matter,
and, to quote one of them, “ We wish we were out of
it.” It may be stated as a fact that some of the
American bankers entered the syndicate merely in
response to the desires of our State Department,
which saw opportunities for American trade to follow
American banking. France continues the stumbling
block, and to satisfy objections from this quarter
it was on Saturday last agreed, as a condition of the
loan, that it should be divided into several distinct
classes of bonds, each class being negotiable in the
market of one country only. This was a plan by
which it was hoped to satisfy France that a large part
of the loan subscribed by other countries would not
at once gravitate to Paris, as the chief market for
such securities. It is evident, however, that the
objections of Paris are largely technical, and are
based primarily upon the European financial con
ditions, for as each successive objection made by the
French Government or the French bankers is satis
fied, a new one'is presented. At the last moment,
when signatures were about to be attached to the
agreement, M . de Conty, the French Minister at
Peking, who was supported by M. Kroupensky, the
Russian diplomatic representative, piesented addi
tional objections, and for the moment the entire
negotiations have once more been suspended. M. de
Conty’s final objection was that all foreign super
visors and advisers of China concerned in tax col
lections to secure the loan ought/ to be all either citi
zens of countries not concerned in the loan or all
should be citizens of one or other of the six coun
tries. In the latter case, a Frenchman ought to
have one of the posts that it has been announced
would be given to foreigners. It is not improbable,
however, that negotiations will be resumed in the near
future if it is found that France is acting in good faith.
A representative of the American syndicate states
that, after an examination of the French objections,
he has no doubt that the American, British and Ger
man participants will make certain concessions to
the French bankers in respect to the administration
of the proceeds of the loan because of the great part
that the French will have in its disposition. France,
he explained, will probably have, besides its own
sixth share, one-half of Russia’s sixth share and prac
tically all of Japan’s share, thus making virtually
nearly one-half of the entire issue.
385
On Wednesday, the Chinese Minister of Finance
presented a letter to the Six-Power Syndicate of
Bankers deploring the delay in the loan and point
ing out that his Government was urgently in need
of funds and that failure to secure them would place
the country in a dangerous position. His intimation
was that funds would have to be sought elsewhere.
His letter in part said: “ According to the proposed
agreement, the Six-Power loan was secured by the
salt revenue. Should any portion of this hereafter
be hypothecated as security and a loan contracted
with another party, it would be necessary to reduce
the $125,000,000 proportionately, as stipulated in
the Six-Power agreement, in the event of a future
agreement with this group. It was not my original
intention to make such a condition, but there has
been so much delay on your part and so many side
issues have been pushed forward that I am con
strained to do so, however reluctant I feel to take
such a course.”
Britain is seemingly having its interest divided
between the destructive work of the suffragette
fanatics and the growing strength of the Government.
It has been necessary to close the London museums
and art galleries and to exercise the greatest care
in admitting women to all public places where they
may carry on their policy of destruction. So far
as the political situation is concerned, distinct im
portance attaches to the election last week at Lon
donderry of David C. Hogg, the Home Rule candi
date, over Col. H. .A Pakenham, Unionist by a
vote of 2,699 to 2,642. This victory for Home Rule
gives a majority of the members of Parliament from
Ulster in the House of Commons. Ulster, it will be
recalled, was quite generally credited with being the
centre of the opposition to the Home Rule movement.
Chancellor Lloyd George’s next main program,
according to the London Daily News, will be to push
forward radical reforms for the regeneration of rural
and urban life. The Acland Committee appointed
to investigate the problem is now preparing to report
and the following forecast of the reform plans are
given: Statutory establishment of a minimum wage
of at least £1 ($5) weekly for agricultural laborers.
Every laborer who requires a cottage to have one
with a plot of land, independent of the farmer or
landlord. As a consequence of these reforms,farm
ing will have to be placed on a scientific basis, includ
ing the extension of the co-operative principle. For
urban conditions, rating reform on a large scale
must be tackled, when the present departmental
inquiry into the relations between imperial and local
finances is concluded. The newspaper in question
denies the claim of the Conservative press that the
land program has been shelved, owing to resistance
in the Cabinet. The land measures are unlikely
to be passed during the present Parliament. It is
a mandate for the next Parliament that will be sought
by the Chancellor. A land, wages and housing
program will then occupy the House of Commons
for several years. In the meantime public opinion
must be instructed, and this is L oyd-George’s im
mediate task.
A new light has been thrown on the Mexican situa
tion by a speech on Monday evening in the Mexican
386
THE CHRONICLE
Senate by Manuel Calero, formerly a Mexican Am
bassador to the United States. While discussing
preparations for a new loan, the former Ambassador
used these remarkable words: “ I lied to the Ameri
can Government for ten months, telling it that the
Mexican revolution would be over in six weeks.
I was forced to invest my diplomatic mission with
a domino and mask. The truth is that the Depart
ment of Finance has not painted the situation as it
really is. We should speak the truth, though it
destroys us. The truth is that the situation is
desperate.” Dispatches from Mexico City state
that Senor Calero’s speech created a sensation among
those present. Ernesto Madero, Minister of Fin
ance, replied, calling Calero an indiscreet Ambassador
and a bad financier. London and Paris advices
state that the speech has made a deep impression in
those centres, which has been reflected in the prices
of Mexican bonds, Mexican bank shares and other
Mexican securities. President Taft is evidently
continuing his policy of avoiding intervention; but
the State Department is making every effort to
prevent the rise of any situation which might involve
the incoming Adminstration in the necessity of inter
vention. Very careful record is being made of the
developments in the situation. Ambassador Wilson
reports from Mexico City that a force of 4,000 rebels
is in the field within 25 miles of Mexico City. Re
cently the rebels have twice cut off the capital from
its supply of electric light and power. On Monday
a train only 20 miles from the capital was attacked
by rebels, the guard of soldiers killed or driven
away, the passengers robbed, the express cars lootedand the women passengers carried off into the hills.
Washington dispatches say in view of these condi
tions, army and navy officers are convinced that
intervention is inevitable. Gen. Pasqual Orozco
has sent to his confidential agent in El Paso a message
that there will be no agrgessive rebel campaign in
the North until after the change of Administrations
in the United States. Gen. Orozco says he has been
informed by his advisers that Mr. Wilson will recog
nize the belligerency of the rebels the moment they
prove to him that they are not bandits out solely
for loot. Whether or not this information is accurate,
Gen. Orozco has faith in it and is acting accordingly.
Fermin Calbeton y Planchon,the newly appointed
Spanish Ambassador to the Vatican, presented his
credentials to the Pope on Thursday. The Ambassa
dorial post had been vacant since the summer of
1910, when the Spanish Ambassador to the Holy See
was withdrawn as the result of the strained relations
which arose between the Vatican and the Government
of the late Premier Canalejas. Senor Calbeton y
Planchon and the members of the Embassy staff
drove to the Vatican in three state coaches and the
Ambassador was received by the Pontiff in the Throne
Room. The Spanish diplomat delivered a long
address to the Pope and the latter, after replying
thereto, retired with the Ambassador to the Pope’s
private apartments, where the two conversed to
gether for some time. The Ambassador later pre
sented members of his staff.
[ V o l . X C V I.
Government under Prince Katsura had been carried.
At the exits from the Chamber a great throng cheered
the members of the Constitutional Party when they
assaulted Saburo Shimada and other so-called rene
gades of the National Liberal Party. These were
thrown out of their jinrikishas when they attempted
to drive away, and efforts were made to duck them
in the canal, but these were frustrated by the police.
The order suspending the session was issued by the
Emperor himself. It was read to the House after
the debate, which had been very noisy, had con
tinued for two hours. The resolution expressing
lack of confidence in the Cabinet was introduced by
Yukio Ozaki, leader of the Constitutional Party.
Pie made a bitter attack on Prince Katsura, whom he
charged with ignoring the Constitution and riding
roughshod over the wishes of the people.
The resumption of hostilities in the Balkan con
flict, curiously enough, appears to have been ignored
at the foreign money centres quite as fully as at
New York. As one usually conservative correspon
dent expressed it from Paris by cable, the “ fresh
fighting will, it is expected— bankers say it is ‘known’
— only be of short duration, and will precipitate final
peace.” Notwithstanding this optimistic view, which
obtains on all the European markets, there is no dis
position shown to anticipate a favorable result in
the form of purchases of securities. On the London
Stock Exchange British railroad shares have been
favorably influenced by the fact that the Railway
Bill (providing for higher rates for transporting mer
chandise, to offset the increases in wages made by the
companies under pressure from the Government last
year, as a compromise with the railroad employees)
passed its second reading, after a long discussion in
the House of Commons, by a vote of 229 to 52.
Thus London & Northwestern shares closed last
evening at 135%, comparing with 134 a week ago;
the Great Western closed at 119%, comparing with
118%. British Consols at the close yesterday, as
reported by cable, were quoted at 74% , comparing
with 75 a week ago, and French Rentes in Paris fin
ished at 88.90, comparing with 88.95 francs on Fri
day of last week. Balkan State securities have as
a rule been maintained, despite the renewal of
the war. Thus Turkish 4s closed yesterday at 86,
last week’s closing price; Greek monopoly 4s closed
at 54, comparing with 53, while Bulgarian 6s remain
without change at 102. Russian 4s are % lower at
91% and Servian unified 4s are 1 point lower at 80,
while German Imperial 3s are without net change for
the week, closing at 77. Day-to-day money in Lon
don closed at 4 % @ 4 % , which shows no net change
for the week. In Berlin money is quoted at 4 % @ 5 % ,
which compares with 5 % % a week ago.
Private foreign discounts are well-maintained at
all European centres, and there have been no changes
reported by any of the European banks. Spot bills
in Lombard Street closed at 4 13-16% for sixty-day
bankers’ acceptances and 4 % % for ninety-day, while
bills to arrive were 4 % @ 5 % for short and 4% @
4 % % for long maturities. Last week the spot
rate was 4% for short and 4 % % for long bills and
Exciting scenes were witnessed in the Japanese the to-arrive quotation was 4 % % for all maturities.
Diet on Wednesday after a vote of censure on the No change was reported from 4% in the private bank
THE CHRONICLE
F e b . 8 1 9 1 3 .]
rate in P a ris.
In
B erlin th e closing open m a rk e t
rate w as 4 :J 4 % for sp o t an d 5 %
for bills to a rrive.
387
s a y s : “ T h e h oa rd in g o f g o ld has b een in progress th ree
m o n th s , o w in g to app reh en sio n o f a possible w a r .
A w eek ago 4 3 ^ % w as th e sp o t q u o ta tio n an d 4 % %
F o r tw o or th ree d a y s re c e n tly , h o w e v e r, w h en peace
th a t for bills to a rriv e .
in th e B a lk a n s seem ed lik e ly , a fe w g o ld pieces b eg an
cording to
T h e b ig F ren ch b a n k s, a c
cables receiv ed b y
in tern a tio n al houses
here, are b u y in g lo n g G e r m a n paper a t 5 % .
rem ain s
y s%
for
u n ch an g ed
low er
th e
rates
at
5% .
w eek
at
at
at
th e
414%
an d
V ie n n a
A m s te r d a m is
4% .
The
lead in g
B russels
14%
official
foreign
is
to re-ap p ea r in c ircu la tio n , b u t th ese h a v e once m ore
v a n is h e d .”
The
B ank
o f F ra n ce h as neith er sold
n or released d irec tly a n y g o ld to foreign m a rk e ts th is
higher
year.
B ank
fro m E u r o p e a n ex p erts su g g est $ 1 3 0 ,0 0 0 ,0 0 0 as th e
centres
are:
E s tim a te s t h a t h a v e re c e n tly b een p u b lish ed
a m o u n t o f g o ld
h oa rd ed in F ra n ce fo r fe ar o f w ar
L o n d o n , 5 % ; P a ris, 4 % ; B e rlin , 6 % ; V ie n n a , 6 % ;
or so m e u n d e fin ed fin a n cia l c a ta stro p h e t h a t m ig h t
B ru sse ls, 5 % ;
fo llo w th e th re a ts o f w a r.
A m s te r d a m , 4 % ;
B om bay, 7 %
and
B engal 7 % .
E s tim a te s m a d e b y th e
sa m e a u th o ritie s n a m e $ 1 5 0 ,0 0 0 ,0 0 0 as th e a m o u n t
T h e w e ek ly return o f th e B a n k o f E n g la n d , w hich
w as p u b lish ed on T h u r s d a y , w as n o t a stro n g o n e.
th u s h oa rd ed in A u s t r ia -H u n g a r y
in G e r m a n y .
a n d $ 6 5 ,0 0 0 ,0 0 0
T h e B a n k o f F r a n c e , b y th is w e ek ’ s
I t in d icated a loss o f £ 2 1 0 ,1 9 8 in th e g old coin an d
s ta te m e n t, gain ed in silver for th e first tim e in several
b u llio n h old in gs
w eek s, th e in crease b ein g 3 ,6 3 5 ,0 0 0 fra n cs, b u t th e
serve
of
an d
£ 5 0 1 ,0 0 0 .
a co n tra ctio n in th e to ta l re
to
sto c k is m u ch b elo w t h a t o f recen t y e a r s, a m o u n tin g
w ith
to 6 4 0 ,1 8 3 ,0 0 0 fr a n c s, w h ich c o m p a res w ith 8 1 0 ,3 0 0 ,
4 7 . 4 3 % la st w eek , an d 5 2 . 9 4 % a t th is d a te last y e a r .
000 fran cs one y e a r ago an d 8 2 3 ,8 0 0 ,0 0 0 fra n cs in
liabilities
The
declined
to
p ro p ortion
4 7 .0 2 % ,
of
reserve
com p arin g
T h e r e w as an increase o f £ 2 9 1 ,0 0 0 in n ote circu la
1911.
tio n ,
red u ction o f 2 4 0 ,0 5 0 ,0 0 0 fra n cs in th e o u tsta n d in g
w hile
p u b lic
d ep o sits
registered
a n oth er
in
A fa v o r a b le fe a tu re o f th e s ta te m e n t w a s a
crease o f £ 1 ,7 8 3 ,0 0 0 , w h ich clearly reflects th e ta x
d isc o u n ts,
collection s.
T h e se will b e a con tin u in g featu re u n til
in excess o f la st y e a r ’s fig u re s, b ein g 1 ,8 2 3 ,6 9 9 ,0 0 0
th e close o f th e fiscal y ea r on M a r c h 3 1 , a n d are lik e ly
fra n cs, an d co m p a rin g w ith 1 ,2 8 4 ,4 4 8 ,3 3 7 fra n cs in
a lth o u g h
th e
to ta l
is still sp e c ta c u la r ly
to p ro ve a co n sta n t source o f stre n g th in th e L o n d o n
1 9 1 2 an d 1 ,1 4 2 ,5 3 7 ,2 9 8 fra n cs in 1 9 1 1 .
m o n e y situ a tio n in th e m e a n tim e .
also decreased during th e w eek 2 9 ,3 2 5 ,0 0 0
O rd in a ry d e p o s
C irc u la tio n
fr a n c s.
its du rin g th e w eek decreased £ 2 ,3 4 7 ,0 0 0 , b u t there
In th is in sta n c e, as in th e case o f d isc o u n ts, th e to ta l
w as o n ly a n om in al redu ction in lo an s, w hich are
o u tsta n d in g
£ 5 7 ,0 0 0 b elo w th e figures o f a w eek a g o .
5 ,8 5 4 ,7 3 5 ,0 0 0
C o m p a r in g
is
far
a h ead
of
recen t
y e a r s.
It
is
fra n cs, as a ga in st 5 ,3 6 3 ,3 6 3 ,9 8 5 fra n cs
w ith 1 9 1 2 a t th is d a te , th e B a n k has a b o u t £ 2 , 7 0 0 ,
in 1 9 1 2 a n d 5 ,2 9 6 ,4 8 8 ,0 3 5 fran cs in th e y ea r p reced
0 0 0 less g o ld — th is w e ek ’ s to ta l a m o u n tin g to £ 3 6 ,
in g .
1 9 1 ,6 6 7 , a ga in st £ 3 8 ,8 9 1 ,9 0 6 one y ear ago a n d £ 3 7 ,
3 3 7 ,9 9 7 in 1 9 1 1 .
E v e n g reater d iscrep a n cy is sh ow n
T h e sta te m e n t o f th e Im p e ria l B a n k o f G e r m a n y
b y th e reserv e, w h ich , a ccord in g to th e present s t a t e
app eared
m e n t, is £ 2 6 ,5 7 3 ,0 0 0 , a ga in st £ 2 9 ,4 0 2 ,7 0 1 in 1 9 1 2 an d
2 9 .2 5 0 .0 0 0 m ark s in th e g o ld sto c k on h an d a n d o f
£ 2 8 ,4 9 0 ,8 5 7 in 1 9 1 1 .
8 1 .6 7 7 .0 0 0
P u b lic d e p o sits, w hich figure
£ 1 8 ,2 6 5 ,0 0 0 , are v ir tu a lly th e sa m e as last y e a r , b u t
com p are w ith £ 1 1 ,7 4 6 ,4 0 0 in 1 9 1 1 .
th e oth er h a n d , are £ 5 ,6 0 0 ,0 0 0
T h e lo a n s, on
in excess o f 1 9 1 2 ,
on
M onday
m ark s
an d
in
in d icates
g o ld
of
c o m b in e d .
000 m a r k s, a decrease in d ep o sits o f 1 7 7 ,6 4 2 ,0 0 0
1 9 1 2 a n d £ 2 8 ,2 1 9 ,3 9 1
w ith recen t y ea rs, th e B a n k
O u r special corre
silver
m ark s an d o f 2 4 ,9 7 6 ,0 0 0 m ark s in d isc o u n ts.
h ow ev er,
in 1 9 1 1 .
decrease
T h e r e w as an increase in n o te circu lation o f 1 0 8 ,8 3 1 ,
th e to ta l b ein g £ 3 4 ,9 8 6 ,0 0 0 , a ga in st £ 2 9 ,3 2 7 ,7 8 4 in
sp o n d e n t furnishes th e fo llo w in g details o f th e g old
and
a
increased 5 0 ,3 3 0 ,0 0 0
m a r k s.
L oan s,
C o m p a r in g
h as certain ly n o t y e t
stren gth en ed its p o sitio n , n o tw ith sta n d in g th e earnest
m o v e m e n t in to an d o u t o f th e B a n k for th e B a n k
effo rts
th a t
w e ek : I m p o r ts , £ 7 3 6 ,0 0 0 (o f w hich £ 6 ,0 0 0 fro m A u s
v ie w .
T h e to ta l su p p ly o f g old an d silver is 1 ,1 2 5 ,
h av e
been
m ade
w ith
th a t
o b je c t
in
tra lia a n d £ 7 3 0 ,0 0 0 b o u g h t in th e o pen m a r k e t); ex
1 0 0 ,0 0 0
p o r ts , £ 5 3 8 ,0 0 0 (o f w hich £ 2 7 0 ,0 0 0 to S o u th A m e r ic a ,
m ark s
£ 1 1 0 ,0 0 0 to th e C o n tin e n t, £ 1 1 0 ,0 0 0 ea rm a rk ed I n
L o a n s an d d isco u n ts as w ell as circu lation are m u ch
d ian g o ld sta n d a rd
reserve a n d £ 4 8 ,0 0 0 S tra its S e t
t le m e n t s ), an d sh ip m en ts o f £ 4 0 9 ,0 0 0 n et to th e in ter
ior o f G re a t B r ita in .
m a r k s, w hich com p ares w ith
in
high er.
1912
an d
1 ,1 1 4 ,1 4 0 ,0 0 0
1911.
T h e com b in ed s ta te m e n t o f loan s a n d dis
com p ares w ith 1 ,1 7 7 ,2 6 0 ,0 0 0 m ark s one y ea r ago an d
T h e B a n k o f F ra n c e for th e w eek a d d ed 3 ,3 7 4 ,0 0 0
sta n d s a t
1 .7 1 9 .9 4 0 .0 0 0
fr a n cs, co m p a rin g w ith 3 ,1 8 5 ,2 0 0 ,0 0 0 fran cs in 1 9 1 2
m ark s in 1 9 1 1 .
an d 3 ,2 4 7 ,2 5 0 ,0 0 0 fra n cs in 1 9 1 1 .
T h e ite m o f circu lation
1 ,9 6 1 ,8 9 7 ,0 0 0 m ark s a n d com p ares w ith
fra n cs to its g o ld su p p ly a n d n o w h olds 3 ,2 1 8 ,1 7 7 ,0 0 0
th e F ren ch
in
cou n ts sh ow s a to ta l o f 1 ,3 8 2 ,3 1 7 ,0 0 0 m a r k s, w hich
9 3 8 .6 2 0 .0 0 0 m ark s in 1 9 1 1 .
fro m
1 ,1 8 5 ,2 4 0 ,0 0 0
m ark s
m ark s
in
1912
and
1 ,4 8 9 ,2 6 0 ,0 0 0
C a b le a cco u n ts
cen tre in d icate th a t th e B a n k is
T h ere’ is a con tin u ed te n d e n cy in local b a n k in g cir
h old in g its g old w ith great t e n a c ity , refusin g to re
cles to lo ok for higher rates in th e near fu tu r e .
lease it for either h o m e a cc o u n t or e x p o rt.
T h e la t
e v er, th e offerings o f m o n e y are still liberal a n d a n y
est cab le reports fro m P aris sta te th a t g o ld is n ow
firm n ess is th erefore la rg ely sen tim en ta l in ste a d o f
held th ere a t th e e q u iv a le n t o f 2 0 c .
p rem iu m
per
$100 an d has a lm o st en tirely d isa p p eared fro m circu
la tio n in F r a n c e .
T h e o n ly p laces in Paris w here
p ra ctic a l.
H ow
T h e w e ek ly b a n k sta te m e n t o f th e C le a r
in g H o u se th a t w as p u b lish ed on S a tu r d a y la st clearly
reflected th e w ith d raw als o f g o ld .
M o n e y h oldin gs
g old coin can n ow b e o b ta in ed a re, it is sa id , th e
recorded a decrease o f $ 3 ,6 0 9 ,0 0 0 as a resu lt o f an
P aris
in stitu tio n s,
exp an sion in th e d ep o sits o f $ 8 ,9 9 2 ,0 0 0 , th e reserve
as th e F ren ch b a n k s refuse to h an d ev en one 2 0 -fr a n c
req u irem en ts were increased $ 1 ,7 3 1 ,2 0 0 , so th a t a to ta l
piece to
decrease
b ran ch es
th eir
of
A m e r ic a n
c u sto m ers.
A
fin an cial
Paris
cab le d isp atch
of
$ 5 ,3 4 0 ,2 0 0
in
th e
cash
surplus
w as
388
THE CHRONICLE
reg istered .
The
C le a rin g
H o u se
in stitu tio n s
h eld
[V ol .
lo an s b ein g d e la y e d .
XCV 1.
O n e o f th ese is th e d e la y in
o n ly $ 1 6 ,1 2 5 ,2 0 0 a b o v e reserve req u irem en ts w hich
fin a n cin g th e n ew N e w
c om p ares
th e h old in g u p o f th e con tracts o w in g to th e ch an ge
d a te
w ith
$ 4 0 ,7 7 5 ,8 5 0
last y e a r .
T h is
at
th e
correspon din g
Y o r k su b w a y s
becau se
of
is, certa in ly , a sm all m arg in
in th e person n el o f th e P u b lic S ervice C o m m issio n .
fr o m w hich to p ro v id e fo r th e h e a v y d e m a n d for g old
A n o th e r in flu en ce in the sa m e direction is th e p o s t
t h a t is appearin g ev e ry d a y fo r th e A r g e n tin e and
p o n e m e n t a n d possible failu re o f th e $ 1 2 5 ,0 0 0 ,0 0 0
w h ich has th is w eek a gg re ga te d $ 5 ,1 0 0 ,0 0 0 , m a k in g
loan
a to ta l fo r th e A r g e n tin e for th e cu rren t m o v e m e n t
prep ared to p a rtic ip a te .
to
C h in a
in
w hich
N ew
Y o rk
b an kers
w ere
o f $ 1 2 ,6 0 0 ,0 0 0 an d a to ta l m o v e m e n t o f $ 2 3 ,6 0 0 ,0 0 0
O n th e o th er h an d th e disin tegra tio n o f th e H a r r i-
for th is season , in clu d in g $ 1 1 ,0 0 0 ,0 0 0 sh ip p ed d irect
m a n railroad m erger, a p ia n fo r w hich has ju s t been
to P a ris.
agreed u p o n b y th e directors o f th e U n io n P acific
O n S a tu r d a y la st $ 1 ,0 0 0 ,0 0 0 w as en gaged
for Paris d irec t, to go b y T u e s d a y ’s ste a m e r.
ca b le g ra m s
say
th a t
b an k ers
th ere
Paris
a n d S o u th e rn P a cific roads a n d b y th e D e p a r tm e n t
th a t
o f J u stice, will require su b scrip tion s o f a b o u t $ 1 2 6 ,
estim a te
fu lly $ 2 0 ,0 0 0 ,0 0 0 in A m e r ic a n g o ld will go to th e
0 0 0 ,0 0 0 in n ew m o n e y .
A rg e n tin e
is tru e , be paid in in sta llm e n ts b u t are n ev erth eless
cag o
du rin g
a d vices
ip o n e y
in
th e
cu rren t
su g g est
th e
W e st,
an
m o v e m e n t.
im p r o v e d
and
in
fa c t
co n ce d ed th a t general bu sin ess is
C h i
dem and
it seem s
for
to
be
in excellen t fo r m
T h e su b scrip tio n s w ill, it
a fa c to r in th e m o n e y situ a tio n in th e near fu tu re
t h a t sh ou ld n o t be o v erlo o k ed .
T h e $ 1 2 6 ,5 0 0 ,0 0 0
o f th e S o u th ern P a cific sto c k th a t is held in th e tre a s
a n d is requiring liberal b an k in g fa cilities, w ith th e
u ry o f th e U n io n P a cific is to be so ld for cash .
sin gle ex cep tion o f W a ll S tr e e t, w here th e sto c k m a rk e t
th e proceeds— sp eak in g b ro a d ly a n d a v o id in g te c h
is so dull as to seem o n ly one rem o v e fro m bein g
nicalities— $ 9 8 ,0 0 0 ,0 0 0 , besides $ 5 ,5 0 0 ,0 0 0 in b o n d s ,
n o m in a l.
is to be p a id to th e S o u th ern P a cific for th e cap ita l
T h e r e does n o t a ppear a t th e m o m e n t to
Of
b e a n y p ro sp ect o f an im m e d ia te d e m a n d for fu n d s
sto c k o f th e C en tra l P a c ific .
fo r
The
sto c k in th e U n io n P acific tre a su ry is to b e offered
t e s tim o n y
to U n io n P acific stock h o ld ers as in d iv id u a ls a n d to
S to c k
sen sa tio n al
E xchange
sp e c u la tiv e
character
of
so m e
pu rposes.
of
th e
T h e S o u th e rn P a c ific
e v o k e d a t th e s o -c a lle d " M o n e y T r u s t ” in v e stig a tio n
S o u th ern
a t W a s h in g to n has serv ed , a cco rd in g t o th e opin ion
is m a d e for a n y d istrib u tio n to th e m o u t o f w hich
P a cific
stock h o ld e rs;
but
en terta in ed b y a n u m b e r o f S to c k E x c h a n g e a u th o ri
th e y m a y p a y th eir su b scrip tio n s.
tie s ,
th e
to
discredit
S to c k
E xchange
tra n saction s
in
su b scrip tion s
th e eyes o f in ve sto rs a n d sp e cu lators w ho w ere in
o ffic ia lly
th e
p a tro n izin g
c a p ita l.
S o u th ern
It
is
P a cific t h a t
tio n to m ak e o f th e proceeds fro m th e sale o f th e C e n
la tu re on b eh a lf o f G o v e r n o r W ils o n h a v e also a cted
tral P a cific, a con siderab le p a rt will be n eeded in th e
as a h an d ica p to th e N e w Y o r k m a rk e t for secu rities,
near fu tu re to p a y for ex ten sion s, fo r e q u ip m e n t an d
a lth o u g h , as th e b ills do n o t assu m e to b e retro a ctiv e ,
for a d d ition s an d b e tte rm e n ts, w h ich will m a te r ia lly
t h e y do n o t in v o lv e th e v a lu e o f th e charters o f a n y
add to th e earnin g c a p a c ity o f th e c o m p a n y .
th a t
a lre a d y
u n der th e N e w Jersey la w .
Su lzer
of
N ew
series
of
sev en
Y ork
bills
Exchange
th e
w hile th e directors h ave n o t decid ed w h a t d isp osi
corporation s
S to c k
by
In o th er w ords
n ew
h ou ses.
th e
of
an n o u n ced
require
pro vision
T h e bills in tro d u ced in th e N e w J ersey S ta te L e g is
of
h a b it
will
no
has
are in corp o ra ted
C a ll m o n e y rates h av e n o t exceed ed 3 % th is w eek ,
S till fu rth er, G o v e r n o r
b u t there has been a gradu al a d v a n c e in th e renew al
th is
w eek
design ed
a bu ses on th e S to c k E x c h a n g e .
to
in tro d u ced
correct
a
alleged
A ll th ese in flu en ces
ra te.
O n M o n d a y and T u e s d a y th e range o f q u o ta
tion s w a s 2 3 ^ @
2
% % , w ith th e low er figure th e ruling
rate; on W e d n e s d a y 3 %
w as th e h igh est a n d 2 % %
h a v e n o t u n n a tu ra lly in creased th e prev ailin g d is
th e lo w est and renew al b asis; T h u r s d a y ’s m a x im u m
p o sitio n to n eg lect th e sto c k
w as 3 % , m in im u m 2 Y z % a n d ruling q u o ta tio n 2 % % ;
m a r k e t.
T h e S to ck
E x c h a n g e G o v ern o rs th e m se lv e s, respon din g to pu blic
on F r id a y 3 %
dem and,
low est a n d ru lin g r a te .
have
b eg u n
to
in itia te
reform s in
S to ck
w as again th e h igh est a n d 2 %
T im e
m oney
th e
rates closed
E x c h a n g e m e th o d s, an d a resolu tion h as ju s t been
a b o u t 34 %
higher for th e w e e k .
p ro m u lg a te d p ro vid in g for severe discipline for a n y
are
for
m em b ers g u ilty o f m a n ip u la tio n b y m ea n s of m a tc h e d
4@ 43^%
orders or o f p a rticip a tin g in a n y tra n saction s th a t do
4J^%
not
fr a c tio n a lly higher an d is in chief d e m a n d b y o u t -o f
c o n te m p la te
th e
a ctu al
o f th e securities con cern ed .
ch an ge
of
ow nership
T h is a ctio n m a y bear
3% %
for
for
six
to w n b u y e rs.
an d
s ix ty
fo u r
d ays,
an d
m o n th s.
4%
fiv e
F in a l q u o ta tio n s
for
n in e ty
m o n th s
M e rc a n tile
paper
4 )4 @
also
is
C lo sin g q u o ta tio n s are 4 3 ^ @ 4 ^ % for
g o o d fru it in th e en d , b u t for th e tim e bein g th e o u t
s ix ty
n in e ty
lo o k for a n y degree o f a c t iv it y in th e m o n e y m a rk e t
also
as a result o f th e d e m a n d s for b an k in g facilities to
ch aracter; oth ers are q u o te d a t 5 @ 5 j ^ % .
fo r fou r
d ays,
and
d a y en d orsed bills rec eiv a b le , and
to six m o n th s sin gle n am es
o f choice
carry S to ck E x c h a n g e a cc o u n ts is n o t v e r y fa v o r a b le .
A c t iv e
dem ands
for
m oney
for
oth er
pu rposes
S terlin g ex ch an g e th is w eek has recovered fro m th e
are in s ig h t, h o w e v e r, a n d can h a rd ly fail in th e lo n g
d o w n w ard rea ction th a t occurred la st w e ek .
run to m ak e th e m se lv e s fe lt on m o n e y ra tes.
are a p p roa ch in g th e n orm al g o ld -e x p o r t p o in t.
h as b een
offerin gs
su ch
a p ercep tib le slo w in g
o f n ew
securities fr o m
th e
dow n
T h e re
in th e
a c tiv ity
th a t
P a te s
An
a d d ition al en g a g em en t o f $ 1 ,0 0 0 ,0 0 0 w a s m a d e on
S a tu r d a y to P aris for sh ip m e n t on la st T u e s d a y ’s
a cco m p a n ie d th e o p en in g o f th e N e w Y e a r th a t th e
ste a m e r.
su gg estion seem s p e rtin en t t h a t th e results o f th e
tin u e s, a n d has a d d e d a n oth er $ 5 ,1 0 0 ,0 0 0 to th e to ta l
earlier
a lre a d y en g ag ed du rin g th e cu rren t season for th e
offerin gs
to ju s tify
w ere
not
su ffic ie n tly
successful
a con tin u an ce o f th e m o v e m e n t .
Som e
S o u th
T h e d e m a n d fro m th e A r g e n tin e still con
A m e r ic a n
lle p u b lic .
T h is
brings
th e
to ta l
la rg e loans a n d sto c k issues w ere sp o k en o f ea rly in
to th e A rg e n tin e up to $ 1 2 ,6 0 0 ,0 0 0
J a n u a ry th a t h a v e n o t th u s fa r m a teria liz ed .
On
agg rega te sh ip m en ts of th e preciou s m eta l $ 2 3 ,6 0 0 ,
th e oth er h a n d , there are specific in stan ces o f large
0 0 0 , in clu d in g $ 1 1 ,0 0 0 ,0 0 0 sh ip p ed direct to P a ris.
an d m a k es th e
Fe b . 8
1913 ]
THE CHRONICLE
T h e g old is le a v in g N e w Y o r k fo r th e A r g e n tin e b e
389
in g q u o ta tio n s w ere 4 8 3 5 0 @ 4 8 3 6 0 for s ix ty d a y s ,
cause it can b e pu rch ased a t b e tte r a d v a n ta g e on th is
4 8 7 7 5 @ 4 8 7 8 0 for d e m a n d b ills an d 4 8 8 3 0 @ 4 8 8 4 0
side o f th e A t la n tic .
fo r cab le tra n sfe rs.
T h e process b y w hich th e sh ip
m e n ts are m a d e is t h a t th e ex p o rtin g b an k ers sell
C o m m e r c ia l on b a n k s closed a t
4 8 1 % @ 4 8 3 % and d o c u m e n ts for p a y m e n t a t 4 8 2 %
lon g bills or cab le tra n sfers on L o n d o n , a n d w ith th e
@ 4 83% .
proceeds o f th ese sales th e y b u y g o ld a n d ship it.
@ 4 8 3 % ; grain for p a y m e n t 4 8 3 % to 4 8 3 % .
W h e n th e m eta l arrives in B u e n o s A ir e s,
cancel
th eir
N ew
Y ork
d ra fts
fo r
paym ent
ran ged fro m
4 83
th e y g et
th e cash a n d w ith it b u y c o m m ercia l b ills an d w ith
th e m
C o tto n
on
The
N ew
Y ork
C le a r in g -H o u se
b a n k s,
in
their
E u rop e.
o p eration s w ith in terior b a n k in g in stitu tio n s, h av e
T h e r e is e v e r y in d ic a tio n t h a t E u r o p e will con tin u e
g ain ed $ 9 ,4 9 6 ,0 0 0 n et in cash as a resu lt o f th e cur
a c tiv e ly in n eed o f an a b n o rm a l a m o u n t o f g old to
ren cy
m o v e m e n ts
a id jt h e fin a n cin g o f th e B a lk a n S ta te lo an s.
T h e ir
receip ts
T h is
for
fr o m
th e
th e
d e m a n d m u s t b e p rep ared fo r , a lth o u gh th e G re a t
$ 1 4 ,5 6 7 ,0 0 0 ,
w hile
P ow ers w ill n o t c o n trib u te in a n y w a y to w a rd a id
$ 5 ,0 7 1 ,0 0 0 .
A d d in g th e
in g th e p ro lo n g a tio n o f th e w a r.
w eek
en d in g
interior
th e
have
sh ip m en ts
Feb.
7.
a gg rega ted
have
reached
S u b -T r e a s u r y o p e r a tio n s,
B u lg a r ia , acco rd
an d gold e x p o rts, w h ich to g eth er o ccasion ed a loss of
in g to th e la te st cab le rep o rts, is seekin g a loan of
$ 1 2 ,7 0 0 ,0 0 0 , th e c o m b in e d resu lt o f th e flo w o f m o n e y
£ 2 4 ,0 0 0 ,0 0 0 in L o n d o n
in to a n d o u t o f th e N e w Y o r k b a n k s for th e w eek
in g in th e B ritish
n o tes y ie ld in g
and R o u m a n ia is also offer
cen tre
v e ry
£ 5 ,0 0 0 ,0 0 0
close to
6% .
in th ree-yea r
The
o b jec tio n s
m a d e b y F ran ce to th e C h in ese lo an are con ceded to
b e tech n ical and
due to th e strain in th e E u ro p ea n
m o n e y cen tres, a ctu a l an d p o te n tia l.
Paris does n o t
a p p ears to h a v e been a loss o f $ 3 ,2 0 4 ,0 0 0 , as fo llo w s:
ii
r.
Week ending Feb.
Into
Banks.
7 1913.
Out of
Banks.
B a n k s ' i n t e r io r m o v e m e n t ! ____________
S u b -T r e a s . o p e r . a n d g o ld e x p o r t s ..
$ 1 4 ,5 6 7 ,0 0 0
2 6 ,1 0 0 ,0 0 0
T o t a l ........... ..................................................
$ 1 0 ,6 6 7 ,0 0 0
Net Change I n
Bank Holdings.
$ 5 ,0 7 1 ,0 0 0 G a i n
3 8 ,8 0 0 ,0 0 0 L o s s
$ 4 3 ,8 7 1 ,0 0 0 L o s s
$ 9 ,4 9 6 ,0 0 0
1 2 , 7 0 0 ,0 0 0
$ 3 ,2 0 4 ,0 0 0
wish to run th e risk o f h a v in g a n y o f th e loan g ra v ita te
b a ck to th e F ren ch c en tre, w hich is th e p rim e m a rk e t
for C h in ese secu rities.
L o n d on
W ith
d a y -t o -d a y m o n e y in
c o m m a n d in g 4 % @ 4 % %
T h e fo llo w in g ta b le in d icates th e a m o u n t o f b u llio n
in th e prin cip al E u ro p ea n b a n k s.
an d o p e n -m a r k e t
d isco u n ts v e r y close to 5 % , it is e v id en t th a t th ere
Feb.
Banks of
6 1913.
SUcer.
!
Gold.
is ev ery in d u c e m e n t, on th e b asis o f m o n e y rates a t
h o m e , for g o ld to le a v e u s.
S h ip m e n ts to th e A r g e n
tin e m a y b e regarded in th is respect th e eq u iv a le n t
o f direct sh ip m en ts to E u r o p e .
sh ou ld
sh o w
signs
of
I f th e B a lk a n w ar
con tin u in g
for
a
p ro tra c te d
period— w h ic h , h o w e v e r, is h ig h ly im p ro b a b le— th e
opin ion
is en tertain ed
in so m e rep resen ta tiv e fo r
eign b a n k in g circles a t th is cen tre th a t th ere w ill b e
a renew al of E u ro p e a n sales o f A m e r ic a n secu rities
as p a rt o f a m o v e m e n t to draw g o ld .
S terlin g ex ch an g e in P aris closed a t 2 5 . 2 3 % fra n cs,
w hich
com p ares w ith
2 5 .2 2 %
fran cs
a w eek
ago,
a n d th e L o n d o n ch eck rate in B e r lin , as cab led y e s
te r d a y , w a s 2 0 . 4 9 %
rate a w eek a g o .
m a r k s, w hich w as th e closin g
B erlin ex ch an g e in P aris closed
a t 1 2 3 .1 9 fra n cs, as a g a in st 1 2 3 .0G fran cs la st w eek .
,191,667'
727,280
134,350
757,000:
611,000,
5S7.000;
869.000
216.0001
464.000
623.000
811.000
203,000
E n g la n d ..
F ran ce
G erm an y.
R u s s ia a _
A u s. I lu n b
S p a i n _____
Italy d __
N e t h ’ Ian d s
N a t .B e l g .d
S w e d e n __
S w i t z ’ la n d
N orw ay .
'A
Gold.
SUver.
Total.
£
£
£
£
. . . £ ____ 3 6 ,1 9 1 ,6 6 7 3 8 ,8 9 1 ,9 0 6
25,607,240 1 5 4 ,3 3 4 ,5 2 0 127 ,4 0 8 ,3 6 0
14,000,000; 5 8 ,1 3 4 ,3 5 0 43 ,1 8 1 ,5 0 0 '
6,953,000; 1 6 2 ,7 1 0 ,0 0 0 1 4 3 ,7 5 5 ,0 0 0 ,
10.163,000 6 0 ,7 7 4 ,0 0 0 53 ,8 4 0 ,0 0 0 :
29,820,000! 4 7 ,4 0 7 ,000, 16, ,7 4 2 ,0 0 0
3,3.88,000 4 6 ,2 5 7 , ,0 0 0 41, 8 7 5 ,0 0 0 '
677,900 1 3 .9 S 3 ,900, 11, 9 9 1 ,0 0 0
3,732,000! 1 1 ,1 9 6 , 000 6, 6 6 2 ,6 6 7
5 ,6 2 3 , 0 00 ,
6 ,8 1 1 , 000,
2 ,2 0 3 , 000
__________
3 8 ,8 9 1 ,9 0 6
3 2 ,4 1 2 ,4 4 0 1 5 9 , ,8 2 0 ,8 0 0
1 6 ,0 8 0 ,3 0 0 59, 2 6 1 ,8 0 0
6 ,3 9 5 ,0 0 0 1 5 0 , 1 5 0 .0 0 0
1 2 ,4 2 0 ,0 0 0 66, 2 6 0 .0 0 0
3 0 ,0 9 6 ,0 0 0 4 6 , 8 3 8 .0 0 0
3 ,8 8 3 ,0 0 0 4 5 , 7 5 8 .0 0 0
1 ,1 7 3 ,2 0 0 13, 1 6 4 ,2 0 0
3 ,3 3 1 ,3 3 3 ;
9, 9 9 4 .0 0 0
4 , 7 1 9 ,0 0 0 !
.| 4 , 7 1 9 .0 0 0
6, 5 4 8 ,0 00! .................. 6 , 5 4 8 .0 0 0
2, 2 0 7 ,0 0 0 '
! 2 , 2 0 7 .0 0 0
9 4 ,4 3 1 ,1 4 0 ,6 0 5 ,6 2 5 4 3 7 4 9 7 , 8 2 1 ,4 3 3 1 0 5 ,7 9 1 ,2 7 3 6 0 3 6 1 2 ,7 0 6
9 4 ,8 3 2 ,1 4 0 ,6 0 7 ,3 9 8 175,49 6, 1 9 3 ,3 5 7 ,1 0 4 ,9 9 9 ,9 5 3 601 1 9 3 ,3 1 0
T o t . w e e k 511
P r e v .w e e k 5 1 2 ,
mm:
Total.
• i
a T h e t o t a l o f g o l d In t h e B a n k o f (R u s s i a I n c lu d e s t h e b a l a n c e h e ld a b r o a d —
t h a t Is, t h e a m o u n t h e ld l o r R u s s ia n a c c o u n t In o t h e r C o n t i n e n t a l b a n k s .
Th
p r o p o r t i o n s o h e l d , a n d c o n s e q u e n t l y d u p l i c a t e d In t h e a b o v e s t a t e m e n t , Is a b o u t
o n e -n i n t h o f t h e t o t a l tills y e a r , a g a in s t a b o u t o n e -s lx t li a y e a r a g o .
b T h e A u s t r o -H u n g a r i a n B a n k s t a t e m e n t Is n o G Is s u e d In K r o n e n a n d H e l le r
In s te a d o f G u ld e n a n d K r e u t z e r .
T h e r e d u c t i o n o f t h e fo r m e r c u r r e n c y t o s t e r lin g
P o u n d s w a s b y c o n s id e r in g t h e G u ld e n t o h a v e t h e v a l u e o f 8 0 c e n t s .
A s th e
K r o n e n h a s r e a ll y n o g r e a t e r v a l u e t h a n 2 0 c e n t s , o u r c a b le c o r r e s p o n d e n t In
L o n d o n , In o r d e r t o r e d u c e K r o n e n t o P o u n d s , h a s a lt e r e d t h e b a s is o f c o n v e r s io n
b y d i v id in g t h e a m o u n t o f K r o n e n b y 2 4 in s t e a d o f 2 0 .
d T h e d i v is i o n (b e t w e e n g o ld a n d s i lv e r g iv e n in o u r t a b l e o f c o i n a n d b u ll io n In
t h e B a n k s o f I t a l y a n d B e l g l u W Is m a d e fr o m t h e b e s t e s t im a t e s w e a r e a b l e t o
o b t a i n ; It Is n o t c l a i m e d t o b e a c c u r a t e , a s t h e b a n k s m a k e n o d i s t i n c t io n In t S o lr
w e e k ly r e t u r n s , m e r e ly r e p o r t i n g t h e t o t a l g o l d a n d s liv e r ; b u t w e b e li e v e t h e
d i v is i o n w e m a k e Is a c l o s e a p p r o x im a t i o n .
I t will th u s b e seen t h a t th e exch an ges are m o v in g
aga in st P aris in fa v o r o f L o n d o n a n d B erlin .
THE PRESIDENTIAL TERM.
C o m p a r e d w ith F r id a y o f last w eek , sterlin g ex
ch an ge on S a tu r d a y w a s firm e r, w ith d e m a n d q u o te d
a t 4 8 7 3 0 @ 4 8 7 4 0 , cab le tran sfers a t 4 8 7 8 5 @ 4 8 7 9 5
a n d s ix ty d a y s a t 4 8 3 1 0 @ 4 8 3 2 0 .
Sellin g o f A m e r i
can sto c k s b y L o n d o n an d easier local m o n e y rates
o p erated to b rin g a b o u t firm n ess in sterlin g on M o n
d a y , an d d e m a n d rose to 4 8 7 3 5 @ 4 8 7 4 5 , cab le tra n s
fers to 4 8 7 9 0 @ 4 8 8 a n d s ix ty d a y s to 4 8 3 1 5 @ 4 8 3 2 5 .
T h e r e w a s a fu rth er a d v a n c e on T u e s d a y on coverin g
o f sh orts an d th e ease in th e m o n e y situ a tio n here;
th e range w as 4 8 7 4 5 @ 4 8 7 5 5 for d e m a n d , 4 8 7 9 5 @
4 8805
s ix ty
for
cable
d a ys.
On
tran sfers a n d
W edn esd ay
4 8 3 2 5 @ 4 8335
th e m a rk e t
for
ru led in
a ctiv e b u t fir m , w ith a rise o f 10 p o in ts on higher
d isco u n ts
a b r o a d , to
4 8 8 0 5 @ 4 8815
for
4 8 7 5 5 @ 4 87G5
cab le
4 8 3 4 0 for s ix ty d a y s .
tran sfers
for
dem and,
and
4 8330@
T h e stiffe n in g in foreign dis
cou n ts cau sed increased firm n ess in sterlin g rates on
T h u r s d a y , th o u g h tra d in g w as q u ie t; d e m a n d m o v e d
up
to
4 8 7 6 5 @ 4 8775,
cable
4 8 8 2 5 a n d s ix ty d a y s to
tra n sfers
to 4 8 8 1 5 @
4 8 3 4 0 @ 4 8350.
O 1 1 F ri
d a y a d v a n c es o f 1 0 @ 1 5 p o in ts w ere recorded.
C lo s
L a st S a tu r d a y , b y a v o te o f 4 7 to 2 3 , or slig h tly
m ore
th a n
th e
tw o -th ird s
m a jo r ity
U n ite d S ta te s S en ate a d o p te d th e
p o sin g a C o n stitu tio n a l
req u ired ,
resolu tion
A m endm ent
w h ich
th e
p ro
sh ou ld
ex ten d th e P resid en tial term to six y e a r s, b u t sh ou ld
p ro h ib it th e re-election o f a P re sid e n t.
A t p re se n t,
th e sole C o n stitu tio n a l p ro vision regardin g th e P res
iden tial
term
is
as
fo llo w s:
“ He
office du rin g th e term o f fou r y e a r s .”
shall
h old
his
T h e p ro p osed
A m e n d m e n t reads as fo llow s:
T h e ex ecu tiv e pow er shall be v e ste d in a P residen t
o f th e U n ite d S ta te s o f A m e r ic a .
T h e te r m o f th e
office o f P residen t shall b e six y e a r s, an d no person
w h o has held th e office b y election or disch arged its
pow ers or d u ties, or a cted as P resid en t u n der th e
C o n stitu tio n a n d law s m a d e in p u rsu an ce th ereo f,
shall b e eligible to h old again th e o ffice b y electio n .
T h e S e n a te v o te is o n ly one step in th e m a tte r .
T h e resolu tion m u st still^ b e^ ad op te d b y th e H o u se
o f R ep resen ta tiv e s before .b ein g ev en su b m itte d to
th e S ta te s .
T h ere is n o t considered to be a n y g re a t
THE CHRONICLE
390
p r o b a b ility
o f its a d o p tio n
r a tific a tio n
by
U n io n
in th e
th re e-fo u rth s
w o u ld
at
least
of
be
H ou se,
th e
a n d its
S ta te s
h ig h ly
in th e
p r o b le m a tic a l.
N e v e r th e le s s , th e m a tte r has ev o k e d so w id e-sp rea d
discu ssion
th a t
th e
p ro p osa l
deserves
so m e
close
e x a m in a tio n .
w h ole
ex isted
I n S a tu r d a y 's v o te o f th e S e n a te , th e a lig n m e n t of
A ll o f th e D e m o c r a ts
b u t one v o te d in fa v o r o f th e A m e n d m e n t; all o f th e
P rogressives
v o te d
a g a in st
it ,
w hile
th e
a g a in st
clau se w e n t b a c k
c o n tro v ersy
c on tin u ed
th is
to
p r o p o sitio n .
c o m m itte e ,
lo n g
b etw e en
The
w here th e
a d v o c a te s
of
a se v e n -y e a r -te r m w ith n o fu tu r e e lig ib ility , a n d a
fo u r -y e a r -te r m
re -e lig ib ility .
p a rties w as h ig h ly in te re stin g .
avow ed
o b je c tio n s
[ V o l . X C V I.
w ith
In
no
pro vision
th e e n d ,
fo r
or
a g a in st
th e fo u r -y e a r p ro vision
w as a d o p te d w ith o u t a n y reference to th e
q u estio n
o f r e-ele c tio n .
D u r in g th e ea rly y ears o f our G o v e r n m e n t, th is
clause w a s u n der co n sta n t d iscu ssion .
Ju stice S to r y ,
regular R e p u b ic a n s, th o u g h a b o u t e q u a lly d iv id ed
in his
fo r an d a g a in st th e m ea su re , w ere d iv id ed a lm o st
U n ite d S t a t e s ,” p u b lish ed in 1 8 3 3 , w eigh ed th e argu
. en tire ly
a cco rd in g to
th eir o p p o sitio n t o ,
or their
“ C o m m e n ta r ie s on
C o n s titu tio n
o f th e
m e n ts for and a g a in st th e ex istin g sy s te m w ith th e
lean in g to w a r d , th e th ird p a r ty an d its can d id a te of
g re atest
th e la st electio n .
fo u r -y e a r
T h is , on th e fa ce o f th in g s, seem s
th e
care.
He
p o in te d
P resid en tial
out
te r m
in
defen se
of
th a t th e p eriod
th e
fixed
to us an u n fo rtu n a te elem en t in th e w h ole d iscu ssion .
for it w as in te rm e d ia te b etw e en th e term o f office
I t is q u ite p o ssib le th a t th e reckless person al a m b i
o f th e S e n a te a n d t h a t o f th e H o u s e o f R e p re se n ta
tio n , to th e d isp la y o f w h ich
in a p o litica l ca m p a ig n
tiv e s— so th a t
th e
P resid en t
w ou ld
o u tla st in
his
w e were tre a te d la st y e a r , has co n v in ce d a g o o d m a n y
o fficial term one H o u s e , y e t w o u ld be o u tla ste d b y
d o u b tin g p o liticia n s o f th e n ec e ssity fo r im m e d ia te
a n o th e r .
legisla tio n p ro h ib itin g a th ird te r m , if n o t a sec o n d .
n u m ero u s.
But
to th e b elief th a t a single fo u r -y e a r term w a s n o t in
th e
p en d in g
p ro p osa l
e v en th a n p ro h ib itio n
g oes
m u ch
o f a th ird te r m .
furth er
The
a d v a n ta g e s
arising
fro m
th is
were
Ju stice S to r y le a n ed , h o w ev er, stro n g ly
T h rou gh
itself su fficien t for th e effe c tiv e m a tu rin g of useful
o u t its discu ssion in th e S e n a te
it
w as b o u n d up
p lan s b y a g iv e n A d m in istr a tio n , and th e b e st th a t
la rg ely w ith a single p e rso n a lity .
I f th ro w n a t once
ho cou ld sa y for th e a rg u m e n t o f su ch a te r m , w ith
in to
th e arena o f a ctiv e p o litica l c o n tr o v e r sy , th e
sam e
to
th in g
be
w o u ld
a v o id e d
recu r.
beyond
But
all
th a t
oth er
is
so m e th in g
circu m stan ces
in
th e m a tte r o f a C o n stitu tio n a l A m e n d m e n t; for once
le t
person al
d islik es,
p olitical
h o stility
in elig ib ility
to
re-ele ctio n , w as
th a t
“ th e period is
n ot lo n g en ou gh to ju s t ify a n y a larm s for th e p u b lic
s a f e t y .”
In th e m a tte r o f re-electio n for a seco n d fo u r -y e a r
and
te r m , Ju stice S t o r y ’s a rg u m e n t, w hile reflectin g all
in d iv id u a l preju d ices en ter in to th e sh ap in g o f our
th e v ag aries o f feelin g during our C o n stitu tio n a l his
fu n d a m e n ta l la w , a n d th e door to h a sty p ro p osition s
t o r y , sets fo rth also th e stro n ge st a rg u m e n ts w h ich
su g g ested
prev ail t o -d a y .
m e re ly
by
ex cep tion a l
circu m stan ces
th e m o m e n t w o u ld b e open ed p r e tty w id e .
of
L e t us
A g a in s t th e pra ctice o f re-election
he cites th e m ore or less p re v a le n t n o tio n
o f the
im a g in e th a t th e C o n s titu tio n itse lf h ad b een draw n
tim e , th a t “ th e retu rn o f p u b lic officers in to th e m a ss
u p a t th e sta rt w ith th e a v o w e d specific pu rp o se o f
o f th e c o m m o n peop le
circu m scrib in g
cu rity
th e
know n
a m b itio n s
of
a
single
d e m a g o g u e— an A a r o n B u r r , we will su p p o se .
H ow
th e
p u b lic
h a v io u r .”
.
cou ld
.
.
.
have
w a s th e b e st se
for
th eir
good
be
A C o n stitu tio n a l p ro h ib itio n a ga in st re
lo n g does a n y one im ag in e t h a t C o n stitu tio n w o u ld
election “ w o u ld p rev en t him fro m
h a v e rem ain ed in th e field w ith o u t a n g ry an d v io le n t
serv ien cy to procure r e-ele c tio n ” , or fro m resortin g
a ssa u lt on th a t clau se o f it b y th e ad h eren ts o f such
“ to
a p u b lic m a n ?
p o w e rs.”
T h e resu lt w ou ld a t a n y rate h av e
corru pt
in trigu es
for
th e
a crin ging su b
m a in ten a n c e
of
his
O n th e o th er h a n d , p u b lic m en m ig h t feel
b een to direct p u b lic a tte n tio n again to his p erson
m u ch less zeal in th e disch arge o f a d u ty w h en th e y
a lity an d pu rp o ses.
were con sciou s th a t no ch an ce existed o f o b ta in in g
O u r o w n op in io n w ith reference to th e im p o rta n t
con tin u an ce
of
th eir
office
as
a
retu rn
for
m c ri-
ch an ge su gg ested b y th e A m e n d m e n t v o te d b y th e
torius p e rfo rm a n c e .
S e n a te is t h a t no real n ece ssity exists for its a d o p tio n ,
g e stio n ,
an d th a t its in corp o ra tio n in to our fu n d a m e n ta l law
tra ry
m ig h t h a v e u n fo rtu n a te resu lts.
“ sord id v ie w s, to p e c u la tio n , to th e corru pt g ra tifi
C o n s titu tio n a l
pro vision
has been o ften to ld .
T h e h isto ry o f th e
for th e P resid en tia l
term
T h e first su gg estion in th e C o n
w h ich
A lo n g w ith th is cam e th e su g
n ow seem s o d d
exclu sion
fro m
enough,
re-electio n
m ig h t
th a t a rb i
te m p t
to
cation o f fa v o r ite s, an d in so m e in sta n ces to u su rp a
t io n .”
B a c k o f a ll, h o w e v e r, w e r e 's e t fo rth th e tw o
stitu tio n a l C o n v e n tio n o f 1 7 8 7 w as th a t th e E x e c u tiv e
a rg u m e n ts a ga in st th e p r o h ib itin g o f re-electio n w h ich
o ffice b e held du rin g g o o d b e h a v io r , an d as clear
are
h ead ed s ta te sm e n
c o m m u n ity
as H a m ilt o n ,
M a d is o n
an d J a y
m o st
o fte n
of
heard
th e
t o -d a y — th e
a d v a n ta g e
of
“ dep rivin g
th e
th e
experience
con cu rred in th is p la n , w h ich n ow seem s so ex tra
gain ed b y an able C h ie f M a g is t r a t e in th e exercise
o rd in a ry .
o f o ffic e ,” and th e fa c t t h a t “ it m ig h t b an ish m en
F o r tu n a te ly , it
a ttra c te d
p ra ctic a lly
no
su p p o rt in th e C o n v e n tio n ’s m em b ersh ip as a w h o le.
fro m
T h a t C o n v e n tio n ’s ow n original p lan w as for a P resi
their services m ig h t be e m in e n tly useful a n d in deed
d e n tia l term o f sev en y e a r s, th e in c u m b e n t “ to be
a lm o st in d isp en sab le for th e sa fe ty of th eir c o u n t r y .”
in eligible
a
secon d
t im e .”
B o th
p ro v iso s
were
th e sta tio n
in certain em erg en cies, in w hich
W h e n one lo o k s a t th e m a tte r in th e lig h t o f th e
a d o p te d b y a bare m a jo r ity of th e S ta te s represen ted
a d d ed
in th e C o n v e n tio n , an d were in corp o ra ted in th e first
elap sed since J u stice S to r y w ro te , it will still be seen
d r a ft o f th e C o n s titu tio n .
experience
o f th e
e ig h ty
years
w h ich
have
A s it h a p p e n e d , t h a t p ro
th a t th e tw o la st-m e n tio n e d con sid eratio n s are m o s t
v isio n for th e P resid en tia l term in clu d ed also a clause
p o ten t in th e p u b lic v ie w o f th e general p r o b le m .
p rescribin g
th a t
th e E x e c u tiv e
head
“ be
T h e a rg u m e n t fro m th e a d v a n ta g e o f experience m a y
R e fle c tio n con -
easily be pressed too fa r , b u t it is c ertain ly felt b y
m em b ers o f th e C o n v e n tio n th a t g ra v e
m o st m en th a t to lim it th e term too rig id ly an d fo rb id
chosen b y th e n a tio n a l le g isla tu r e .”
v in c e d ^ th e
sh ou ld
391
THE CHRONICLE
Feb , 8 19] 3.]
re-electio n w ou ld le a v e th e a vera ge C h ie f E x e c u tiv e
A s M r . S w a n k h as rec en tly p o in te d o u t , in
in
th e y ear in w h ich he entered th e o ffice o f th e A m e r i
a p o sitio n
w here
his p lan s
and
po licies
w o u ld
1873,
h av e b een h ard ly m ore th a n fo r m u la te d w h en his
can Iron & Steel A sso c ia tio n , th e U n ite d S ta te s m ad e
retirem en t w o u ld b eco m e n ecessary.
o n ly 2 ,5 6 0 ,9 6 3 to n s o f pig iro n .
In th e course o f tim e , th is seco n d o b je c tio n has
T h e iron in d u stry
w as th en in its in fa n c y , an d an a d v a n c e fro m such
been g re a tly em p h a sized b y th e in creasin g te n d e n c y
a sm all figu re to o ver ten tim e s th a t a m o u n t o b
for th e la st tw e lv e m o n th s o f a P r e sid e n t’ s in c u m
v io u sly m ea n s tre m e n d o u s progress n o t o n ly in th e
bency
trade itself b u t in h im w h o u n d e rto o k th e ta sk of
to
a m o u n t,
so
far
as
regards
progressive
p o licies, to an in te rreg n u m , w ith all p o litica l a tte n
tio n con v erged u p o n th e q u estio n w h o his successor
w as to b e .
T h e a rg u m e n t fro m th e p o ssib le p u b lic
recording th is p ro gress.
W e h a v e m a n y tim e s , in c o m m e n tin g on th e iron
a n d steel sta tistic s o f o n e fo r m or a n o th e r , sp o k en
n eed for a given P r e sid e n t’ s re-electio n cam e sh arp ly
in ap p recia tion o f th e services to th e tra d e a n d to
to th e fro n t in 1 8 6 4 , w h en M r . L in c o ln ’ s re-election
th e c o u n try rendered b y M r . S w a n k , b u t it seem s
w as th e o n ly sure g u a r a n ty o f p ro secu tin g reso lu tely
proper to s a y th is fin a l w ord n ow t h a t he has d efi
th e c o n te st to preserve th e U n io n ; b u t its recurrence is
n ite ly
co n ce iv a b le u nder oth er c on d ition s e v en th a n th a t of
J u ly co m p leted his eig h tieth y ea r a n d h ad c o n te m
th e crisis o f th e C iv il W a r .
p la ted retirin g so m e years b e fo r e , b u t w as p ersu a d ed
W e h av e a lw a y s fe lt, an d
laid
dow n
his life’s ta s k .
M r.
Sw ank
last
w e b elie ve th e feelin g is sh ared b y m o st o f our cou n
to s t a y .
t r y m e n , th a t ev en w h en on e b elieves in th e stric t
th a t his a ctiv ities w o u ld cease w ith th e close o f th e
lim ita tio n of th e in c u m b e n c y in office o f a g iv en indi
calen dar y e a r 1 9 1 2 , a n d arran g em en ts w ere th en m a d e
v id u a l under o rd in a ry c o n d itio n s, it w o u ld be u n
w ith
w ise, if n o t a c tu a lly rash , for th e c o u n try to tie its
m ain office is in th is c ity , to ta k e u p th e sta tistic a l
h an d s
fro m
recourse
to
re-electio n
in
all
fu tu re
In J u ly , h ow ev er, he g a v e d e fin ite n otice
th e A m e r ic a n
Iro n
&
S teel I n s t it u t e ,
a n d all o th er w ork o f th e A m e ric a n
w h ose
Iro n & Steel
A sso c ia tio n , w h ich la tter w as o rgan ized as ea rly as
c o n c e iv a b le em ergen cies.
B e y o n d all th ese con sid e ratio n s, it m u st a lw a y s be
1855.
T h e Iro n & S teel In s t it u t e , as p a rt o f th e
rem em b ered t h a t th e peop le in th e la st resort will
a rra n g em en t,
decid e such q u estio n s for th e m se lv e s.
in th e old offices o f th e A m e r ic a n Iro n & Steel A s s o
A n electorate
has
esta b lish ed
a
sta tistic a l
bu reau
w h ich w a s ca p a b le of ch oosin g an a m b itio u s p o li
ciation in P h ila d e lp h ia , an d th e presen t c o m p ila tio n s
ticia n for a th ird or fo u r th term on his person al appeal
for th e
to th e m
a usp ices.
w o u ld b e q u ite as ca p a b le o f reversin g th e
calendar y ea r are issu ed u n der th ese new
It
is ev id en ce o f th e th o ro u g h
m an n er
fu n d a m e n ta l law to m a k e su ch retu rn to pow er p o s
in w hich M r . S w a n k h ad his w ork s y ste m a tiz e d th a t
s ib le.
th e Iro n
We
cannot
h elp
feelin g
th a t
th e
ten or
of
&
S teel In s titu te
has b een
able w ith o u t
recen t S en ate d e b a te on th e p en d in g A m e n d m e n t, an d
frictio n to carry fo rw a rd M r . S w a n k ’s records and
th e p a r ty d iv isio n on th e v o t e , w o u ld go far tow ard s
present th e sta tistic s w ith equ al co m p le te n e ss, eq u al
en co u ra gin g su ch a spirit on th e p a rt o f th e electo ra te
fa c ility an d equ al p r o m p tn e ss.
its e lf,
su p p osin g
th e
presen t A m e n d m e n t
to
pass
A c c o rd in g to
th e official s ta te m e n t, th e m a k e o f
iron in th e calendar y ear 1 9 1 2 fell b u t little sh ort
in to la w .
o f 3 0 m illio n gross to n s o f 2 ,2 4 0 l b s ., rea ch in g , in
THE
C O U N T R Y ’S L A R G E
P R O D U C T IO N
exact fig u res, 2 9 ,7 2 7 ,1 3 7 to n s .
IR O N
T h e o fficial s ta tistic s o f p ig -iro n p ro d u c tio n for th e
calen dar
y ear
1912
bear
out
T h is is o ver 6 , 0 0 0 ,
000 to n s in excess o f th e o u tp u t for th e calen dar y ear
1912.
IN
cu rren t o b se rv a tio n s
1911 a n d exceeds b y n ea rly 2 ,5 0 0 ,0 0 0 to n s th e m a k e
o f iron in 1 9 1 0 , w h ich w as th e p rev iou s m a x im u m .
a n d p riv a te sta tistic s in sh ow in g th a t th e m a k e of
I t com p ares w ith o n ly 1 5 ,9 3 6 ,0 1 8 ton s in 1 9 0 8 , w hich
iron in th a t period o f tw e lv e m o n th s w as o f u n su r
w a s th e y ear fo llo w in g th e p an ic o f 1 9 0 7 , an d th is
passed m a g n itu d e — th a t in no o th er period o f tw elv e
la tter
m o n th s
betw een a period o f depression in th e iron tra d e and
e x te n t.
w as
th e
p ig -iro n
p ro d u ctio n
of
th e
sa m e
B efore citin g th e figures an d dw ellin g u p o n
c o n tra st
illu strates
strik in g ly
an era of g reat a c t iv it y .
th e
A t 2 9 ,7 2 7 ,1 3 7
difference
to n s , th e
th eir in terestin g fe a tu res, it seem s proper to p o in t
iron p ro d u ctio n o f th e U n ite d S ta te s is m a n y m illion
o u t t h a t th e c o m p ila tio n o f th ese official figu res has
ton s in excess o f th e c o m b in ed p ro d u ctio n o f G re a t
now
B rita in an d G e r m a n y , th e tw o o th er lead in g iro n -
d e fin ite ly passed
in to n ew
h a n d s.
F o r fo r ty
y ea rs M r . J am es M . S w a n k h ad charge o f th e c o m
pro d u cin g
p ila tio n s, and he b ro u g h t th e w ork to such a sta te of
is w o rth
p erfection th a t it excited th e m a rv e l a n d a d m ira tio n
th e y do n o t in d icate th e rate o f p ro d u c tio n a t th e
of
en d
all
th ose
who
u n d e rsta n d
su ch ex actin g serv ice.
th e
req u irem en ts
of
In th is in te rv a l th e o u tp u t
of
cou n tries o f
m a k in g .
1912.
th e
w o rld .
L a rg e th o u g h
W h ile
th e
p ro d u c t
A n o th e r
p o in t
th ese to ta ls
in
th e
first
are,
six
m o n th s o f 1 9 1 2 w as 1 4 ,0 7 2 ,2 7 4 to n s , th a t o f th e secon d
o f iron has increased m ore th a n te n fo ld , a n d it is
six m o n th s w a s 1 5 ,6 5 4 ,8 6 3 to n s .
ev id en ce o f M r . S w a n k ’s q u alifica tio n s a n d a ch iev e
b e n o te d , w as on th e b asis o f 31 1 -3 m illio n ton s a
T h is la s t, it will
m e n ts t h a t w ith th is m a rv elo u s g ro w th of th e iron
year.
N o t o n ly t h a t , b u t if w e go a step fu rth er and
a n d steel in d u stry — a gro w th w h ich has n o parallel
con su lt p riva te sta tistic a l records sh ow in g th e o u tp u t
in th e w o r ld ’s h isto ry — he u n fa ilin gly k e p t p ace w ith
b y m o n th s, w e shall fin d t h a t th e m o n th of D e c e m b e r
th e co n sta n t expan sion o f th e tra d e , n o t o n ly c o n
recorded th e v e r y largest m o n th ly to ta l o f th e y ear
tin u in g
th e
sta tistic a l
a n d also th e v e r y largest on record , n a m e ly 2 ,7 8 2 ,7 3 7
s ta r te d
but
s te a d ily
sta te m e n ts
ex ten d in g
w ith
their
w h ich
sc o p e ,
he
un til
to n s .
T h is la s t, th e reader w ill o b se rv e , is a t th e rate
t o -d a y th e U n ite d S ta te s g ets periodic retu rn s co v er
o f o ver 33J4> m illio n to n s a y e a r , an d a t t h a t does
in g ev ery bran ch a n d d e p a rtm e n t o f th e iron an d steel
n o t represent th e entire p r o d u c tio n , since th e figu res
tra d e s , w ith all th eir varied ra m ific a tio n s, an d in m ore
as com p iled b y th e “ Iro n A g e ” do n o t ta k e a cc o u n t of
c o m p le te and d e ta iled fo rm th a n a n y o th er c o u n tr y .
th e o u tp u t o f th e charcoal fu rn aces.
T h e p ro d u c t of
392
THE CHRONICLE
[V ol .
X C V I.
th ese fu rn aces is n o t v e r y la rg e, b u t n everth eless adds
b ein g reached during M a r c h .
a few
h u n d red th o u sa n d to n s m ore to th e y e a r ly
o f b arga in prices and im p r o v e m e n t in b usiness sen ti
t o t a l.
I t is, h en ce, correct to s a y th a t a t th e close
o f 1 9 1 2 th e c o u n try w as pro d u cin g a t th e rate of
3 4 ,0 0 0 ,0 0 0 to n s o f iron a y e a r .
d u c tio n
T h e record o f p ro
in h a lf-y e a r ly periods since th e
b eg in n in g
o f 1 9 0 0 is sh ow n in th e fo llow in g :
P R O D U C T IO N
O F P IG
IR O N
IN
1st half-.......
2d half______
1901—
1st half____
2d half___
............ 8,203,741
1902—
1st half.,
2d half_____
1903—
1st half____
2d half___
1901— 1st half,,
2d half.......... ---------- 8,323,595
1905—
1st half-.
2d half___
_______11,829,205
1906—
1st half..
12,582 250
2d half......... _______12,724,941
H A L F -Y E A R L Y P E R I O D S .
1907—
1908—
1909—
C ross T o n s.
.1 3 ,4 7 8 ,0 1 4
.1 2 ,3 0 3 ,3 1 7
. 6 ,9 1 8 ,0 0 4
. 9 ,0 1 8 ,0 1 4
. 1 1 ,0 2 2 ,3 4 6
. 1 4 ,7 7 3 ,1 2 5
. 1 4 ,9 7 8 ,7 3 8
.1 2 ,3 2 4 ,8 2 9
. 1 1 ,6 6 6 ,9 9 6
. 1 1 ,9 8 2 ,5 5 1
.1 4 ,0 7 2 ,2 7 4
.1 5 ,6 5 4 ,8 6 3
1st half
half
1st halt
half
1st half
half
i at; haif
half
1st half
half
1st half
half
2d
2d
2d
1910—
2d
1911—
2d
1912—
2d
m e n t , due in p a r t to im p r o v e d
crop p r o sp e c ts, t h e
v o lu m e o f busin ess r a p id ly in creased , reach in g such
p ro p ortion s during A p ril t h a t general price a d v a n c e s
w ere in a u g u ra te d .
T o th is w e m a y a d d th e s ta te
m e n t th a t price a d va n ces h a v in g once b een in itia te d ,
C ross T o n s.
1900—
U n d e r th e in fluence
th e rise th ereafter w as r a p id .
T h e u p w ard m o v e
m e n t con tin u ed m o n th after m o n t h , w ith th e highest
q u o ta tio n s as a rule recorded in D e c e m b e r .
A s an
in d ication o f th e range o f th e flu c tu a tio n s, we m a y
n o te
th a t
steel
b illets
at
th e
m ills
in
P ittsb u r g h
were q u o te d a t $ 2 0 a to n a t th e o p en in g o f th e y e a r
and in M a r c h sold dow n to $ 1 9 5 0 b u t a t the close
o f D e c e m b e r w ere q u o te d a t $ 2 7 5 0 .
N o . 2 fo u n d r y
A s to th e in flu en ces resp o n sible for th e w onderful
pig iron a t P h ila d e lp h ia w as q u o te d a t $ 1 4 8 5 a to n
record w hich sta n d s to th e credit o f th e y e a r , th e
a t th e b eg in n in g o f th e y ear a n d so ld a t $ 1 8 5 0 a t th e
b asis for th e a c t iv it y w a s la id in th e great b reak in
close o f th e y e a r .
prices w hich ca m e in th e su m m e r o f th e previou s
th e lo w and high prices o f th e y ea r on le ad in g p ro d
year.
T h is stim u la te d b u y in g o f iron a n d steel in
all their fo r m s , and it led to the p rosecu tion o f m a n y
Q u ite g en erally th e range b etw een
u cts w a s $ 3 @ $ 4
a to n ,
as will b e seen fro m
th e
fo llo w in g ta b le :
en terprises a n d u n d e rta k in g s w h ich there h ad pre
v io u sly b een h esita tio n a b o u t ta k in g u p .
in iron a n d steel d e v e lo p e d , there cam e also general
tra d e r e v iv ia l, a n d th is in tu rn ten d e d still further
to
stim u la te pu rch ases o f iron a n d steel.
A s th e
y ea r a d v a n c e d , th e p ro sp ect o f large crops and later
th e a ctu al assurance o f such crops p ro v ed an ad d i
tio n a l stim u la tin g a g e n c y .
I t b ro u g h t the railroads
in to th e m a r k e t w ith orders on a large sca le.
The
ea rly a c t iv it y occurred in fa ce o f v e r y lim ite d orders
fro m th e rail-ca rry in g in d u str y , w hich has in th e p a st
b een th e v e r y la rg est single con su m er o f iron
steel p r o d u c ts.
opp ressiv e
and
O w in g to th e try in g con d ition s th e
railroads h a v e
h ad to
c on ten d
G overn m en t
a ga in st b ecau se o f
p o licies,
w hich -have
im
paired their cred it, th e y h ad for several y ears b een
deferring new w ork and been m a k in g purchases o f a d
d ition a l rolling sto c k a n d m o tiv e pow er on a v e r y
lim ite d sca le.
In 1 9 1 2 , h o w ev er, w ith th e certa in ty
o f an en o rm o u s to n n a g e fro m th e c o u n try ’s b ou n teo u s
h a r v e sts, it b e c a m e o u t o f th e q u estio n a n y longer
to
defer
b u y in g
th in g s.
a d d itio n a l
e q u ip m e n t
and
other
H e n c e th e orders o f th e railroads were n ow
a d d e d to th ose o f o th er c on su m ers, and th e result
w as an u n ex a m p led d e m a n d for iron and steel and
th eir p ro d u c ts.
R AN G E FOR
S
S
O ld I ro n T r a i l s ____ a 16 0 0 15 5 0
N o . 2 f d y . p . I r o n . . a 14 8 5 14 8 5
B a s i c , p i g I r o n ____ a 14 2 5 14 25
G r a y fo r g e p i g I r o n .b 13 4 0 13 4 0
B e s s e m e r p i g I r o n , .6 15 15 14 9 0
S t ’ l b ille t s a t m i l l s . 6 2 0 0 0 19 5 0
a A t P h il a d e lp h ia .
YEAR
1912.
L ow
P r ic e
H ig h .
F e b 2 1 t o A p r il2 4
Jan
1 t o M c h 13
Jan
1 t o M c h 13
Jan
1 to M c h 20
J an 24 to M c h 6
M c h 13 t o M c h 2 0
s
19
18
18
17
18
27
00
50
25
15
15
50
N ov
N ov
N ov
N ov
N ov
D ec
1 91 2
13’ t o rN o v 2 7 1 8
2 7 t o D e c 31 1 8
2 0 t o D e c 31 18
2 7 t o D e c 31 17
2 0 t o D e c 31 1 8
2 6 t o . D e c 31 2 7
00
50
25
15
15
50
6 A t P it t s b u r g h .
T h e fo reg oin g m ak es it plain th a t th e e x tre m e ly
low level o f v a lu e s ruling th e earlier
part
of
th e
calen dar y ear w as con tin u ou s th ro u gh th e w h ole o f
th e first three m o n th s, a n d in so m e cases ex ten d e d
ev en in to A p r il.
A s a resu lt o f th is, a vera ge prices
for th e w h ole tw elv e m o n th s in th e case o f m o s t
articles o f iron an d steel w o r k o u t little , if a n y , higher
th a n th e a verages for th e tw e lv e m o n th s o f th e p re
cedin g
calendar y e a r , w hich
w ere
ex tre m e ly
lo w .
P r o fits, h en ce, were h ard ly as sa tisfa c to r y as cou ld
be w ish ed , th ou gh th ere w as great im p r o v e m e n t in
this resp e c t, as a lread y s t a te d , th e la tter p a rt o f th e
year.
T o in d icate h ow low th e y e a r ly avera ges w ere,
we insert here th e fo llow in g ta b le cov erin g th e la st
eigh t y e a r s.
I t will b e o b se rv ed th a t in th e case
o f steel b illets a t P ittsb u r g h , th e a vera ge for 1 9 1 2 w as
$ 2 2 3 8 a n d for 1911 $2 1 4 6 , w hereas for 1 9 1 0 it w as
$ 2 5 3 8 , for 1 9 0 9 $ 2 4 6 1 , for 1 9 0 8 $ 2 6 31 an d for 1 9 07
$29 25 .
I t will h av e b een g ath ered fro m
w h a t has been
said th a t th e ea rly a c tiv ity w as a t th e expense of
p rices.
P r ic e
fa n . 1
1 91 2
A s a c tiv ity
In th e o p en in g m o n th s o f th e y ear p r o d u c
tio n w as v e r y la rg e, b u t b y reason o f the low prices
a t w hich th e orders w ere ex ec u ted , it w as n o t on a
p ro fita b le b a sis.
B u t as th e y ear progressed a g reat
ch an ge fo r th e b e tte r occurred a n d in th e closing
AVERAGE YEARLY
P R IC E S O F IR O N
A N D S T E E L , 1905 T O
1912.
1912.
1911. 1910. 1909. 1903. 1907. 1906. 1905.
A r t ic le s —
S
$
S
*
$
S
$
$
O ld Iron T ra ils a t P h l l a _____t o n . 1 6 .7 4 1 6 .9 0 1 9 .0 9 1 9 .4 2 1 8 .6 0 2 3 .8 8 2 3 .0 5 2 2 .0 8
N o . 1 a n t h . f d y . p l g n t P h l l a . “ 1 6 .5 6 1 5 .7 1 1 7 .3 6 .17.80 1 7 .7 0 2 3 .8 9 2 0 98 1 7 .8 9
G r a y fo r g e p i g Ir o n . L a k e o r e ,
a t P i t t s b u r g h .......................... "
1 4 .5 4 1 3 .9 6 1 5 .2 4 1 5 .5 5
1 5 .2 3 2 1 .5 2 1 9 .8 5 1 5 .6 2
B e s s e m e r p ig Iron a t P l t t s b . . "
1 5 .9 4 1 5.7 1 1 7 .1 9 1 7.4 1
1 7 .0 7 2 2 .8 4 19.54 1 6 .3 6
S t e e l ra ils a t m ills In P e n n . . "
2 8 .0 0 2 8 .0 0 2 8 .0 0 2 8 .0 0
28.00 2 8 .0 0 2 8 .0 0 2 8 .0 0
S t e e l b ille t s a t m ills a t P lt t s b . “ 2 2 .3 8 2 1 .4 6
2 5 .3 8 2 4 .6 1 20.31 2 9 .2 5 2 7 .4 3 2 4 .0 3
B e s t re fin e d b a r Iron fr o m
s t o r e a t P h il a d e lp h ia . 1 00 lb s . 1 .7 5
1 .6 4
1 .8 5
1 .7 5
1 .7 0
2 .1 1
1 .9 8
1 .9 2
N o tw ith sta n d in g
th a t
th e
d o m estic
dem and
fo r
m o n th s 1 9 1 2 b e c a m e distin gu ish ed b o th b y reason
iron a n d steel w as so la rg e, and v e ry u rgen t th ro u g h
o f th e e x te n t o f th e o u tp u t and th e excellent prices
o u t , our exports o f iron a n d steel fu rth er in cre ase d .
o b ta in e d .
The
In
th e report
o f th e
R e p u b lic
Iro n
&
d eta iled
sta te m e n t
of
th e
c o u n tr y ’ s
foreign
S tee l C o . for th e y ea r en d in g June 3 0 1 9 1 2 the sta te
co m m erce for th e
m e n t is m a d e b y C h a ir m a n John A . T o p p in g th a t
n o t y e t a v a ila b le , b u t, ju d g in g fro m th e figu res for
th e tw elv e m o n th s covered b y th e report c o n stitu ted
th e eleven m o n th s en d in g w ith N o v e m b e r , a g g re g a te
full
tw e lv e
m o n th s
of
1 9 1 2 is
a period o f th e lo w est m a r k e t prices ever experienced
ex p o rts o f iron an d steel, ta k in g o n ly articles rep orted
in th e h isto ry o f th e c o m p a n y .
b y w e ig h t, will n o t fall far sh ort o f 3 ,0 0 0 ,0 0 0 to n s .
c o n d itio n s,
M r.
T o p p in g
s t a te d ,
G en eral business
were
m o st
un
T h is com p ares w ith 2 ,1 8 7 ,8 1 1 to n s in 19 11 a n d o n ly
se ttle d a n d producers o f iron a n d steel, in order to
1 ,5 3 7 ,9 4 2 ton s in 1 9 1 0 , a n d y e t sm aller a m o u n ts in
stim u la te an eco n om ical v o lu m e o f b u sin ess, offered
th e
in th e secon d six m o n th s o f th e
ex p o rts of iron an d steel in th e calendar y e a r , in all
c o m p a n y ’s fiscal
y e a r fu rth er price red u c tio n s, th e lo w eb b in v a lu e s
th eir
years
im m e d ia te ly
variou s
fo rm s,
p rece d in g.
in clu d in g
In
articles
v a lu e
w here
our
no
Feb. 8 1913.]
T H E C H R O N IC L E
weights at all are stated, must have aggregated
$290,000,000. Our imports, on the other hand,
have been steadily dwindling and for 1912, in the
case of the articles reported by weight, seem to have
aggregated only about 220,000 tons. This leaves
net exports for the twelve months of 1912 of nearly
2 % million tons, as will appear from the following,
bringing out the contrast between imports and ex
ports and also comparing the results for 1912 with
previous years.
IMPORTS AND EXPORTS OF ALL KINDS OF IRON AND STEEL.
1912.
1911.
1910.
1909.
1908.
1907.
Im ports............ tons 2 2 0 ,0 0 0
2 5 6 .9 0 3
4 8 7 ,9 6 7
3 5 6 ,2 9 6
2 0 5 ,7 5 5
6 6 2 ,3 5 0
Exports ____ _____ 2 ,9 5 0 ,0 0 0 2 , 1 8 7 ,8 1 1 1 , 5 3 7 ,9 4 2 1 ,2 4 1 ,4 9 6
9 6 4 ,2 4 3 1 ,3 0 1 ,9 8 1
nbtoess ol exports... 2 ,7 3 0 ,0 0 0
1 ,9 3 0 ,9 0 8
1 ,0 1 9 ,9 7 5
8 8 5 ,2 0 0
7 5 8 ,4 8 8
6 3 9 ,6 3 1
One feature in connection with the production is
always interesting, and that is the relative positions
of the different States in iron-making. The course
of production in the South particularly attracts atten
tion, and here the striking fact is the entire absence
of growth over a period of years. In the past much
has been heard of the advantages possessed by the
Southern iron districts by reason of the close prox
imity of the ore, the fuel and the flux, and there
was much speculation at one time as to how long it
would be before the South displaced the great ironproducing sections of the Middle and Middle West
ern States. With the statistics before us, what we
find is that so far from the South having supplanted
other sections, it has remained stationary and indeed
been showing a retrograding tendency. N ot one
of the Southern States made as much iron in 1912
as in the best previous year, and some of them record
quite important declines from their previous maxi
mum.
The product of the whole South in 1912 was,
roughly, only about three million tons (in exact
figures, 3,019,980 tons), or but little more than 10%
of the country’s entire production of 29,727,137 tons.
Not to speak of Pennsylvania, which retains undis
puted supremacy with a product of 12,551,959 tons,
Ohio’s output at 6,802,637 tons is twice that of the
whole South, and even Illinois came near making
as much iron in 1912 as the entire South, its product
having been 2,887,359 tons. Alabama is the largest
of all the Southern States in point of production, and
in 1912 made 1,862,909 tons, but at the latter figure
was surpassed even by New York State, which has
1,939,231 tons to its credit. What is the reason for
the lack of growth in the South? Why have expec
tations in that regard not been realized? In closing
we furnish the following seven year comparison
of the production by States:
PRODUCTION OF PIG IRON BY STATES.
Tons
2 .2 4 0
1912.
1911.
1910.
1909.
lbs.
1908.
1907.
1906.
South.
States. Tons.
1 ,8 6 2 ,9 0 9
Ala
2 5 6 ,1 0 7
Va
Term..
3 3 8 ,2 3 8
2 7 4 .3 6 C
\V. Va
6 8 ,7 6 0
Ky . .
Ga . . \ ..........
Texas, /
2 1 9 ,5 4 6
Md . .
1 ,7 1 2 ,2 1 1
2 9 3 ,6 1 2
3 2 4 ,6 4 8
2 9 1 ,4 7 2
9 5 ,2 0 2
1 ,2 0 0
2 5 5 ,8 1 6
3 2 6 ,2 1 4
2 8 6 .8 5 6
1 8 3 ,5 0 2
4 1 1 ,8 3 3
3 8 6 ,7 0 9
Total.
2 ,9 7 4 ,1 9 1
3 .3 9 7 .8 0 1
3 , 1 1 6 ,1 7 7
2 .3 2 6 .7 9 2
3 .4 4 5 .2 2 1
3 ,4 6 7 .2 1 6
3 ,0 1 9 ,9 8 0
Penn.. 1 2 ,5 5 1 ,9 5 9
Ohio . 6 ,8 0 2 ,6 3 7
N. Y. 1 ,9 3 9 ,2 3 1
3 0 ,8 7 6
N. J -.
Jilin’s. 2 ,8 8 7 ,3 5 9
Mlch.a 1 ,7 7 0 ,0 2 8
3 0 3 ,3 7 0
Wise.6
3 9 7 ,7 3 1
Mo.c .
1 7 ,3 6 0
Mass <1
GrTot
Tons.
Tons.
1 ,9 3 9 ,1 4 7
4 4 4 .9 7 6
3 9 7 ,5 6 9
1 7 4 ,6 0 1
1 0 0 ,5 0 9
1 4 ,7 2 5
Tons.
1 .7 6 3 .6 1 7
3 9 1 ,1 3 4
3 3 3 ,8 4 5
2 2 8 ,2 8 2
8 6 ,3 7 1
2 6 ,0 7 2
9 ,8 0 7 ,0 7 3 1 1 , 2 7 2 ,3 2 3 1 0 ,9 1 8 ,8 2 4
5 ,3 1 0 ,5 0 0 5 .7 5 2 ,1 1 2 5 ,5 5 1 ,5 4 5
1 , 5 6 2 ,7 5 6 1 ,9 3 8 ,4 0 7 1 , 7 3 3 ,0 7 5
2 9 1 ,4 7 4
2 6 4 ,7 8 1
4 0 ,6 6 3
2 , 1 0 8 ,0 0 2 2 ,0 7 5 ,0 4 0 2 ,4 6 7 .1 5 0
9 0 4 ,2 8 9
1 , 1 6 3 ,9 3 2 1 ,2 5 0 .1 0 3
3 4 8 ,1 7 7
2 7 0 ,8 0 7
3 0 7 ,2 0 0
3 8 2 ,7 0 6
3 9 5 ,9 0 S
4 2 8 ,6 1 2
9 ,6 4 9
1 8 ,3 8 8
1 6 ,5 8 2
Tons.
1 ,3 9 7 .0 1 4
3 2 0 ,4 5 8
2 9 0 .8 2 6
6 5 ,5 5 1
4 5 ,0 9 6
2 4 ,3 4 5
Tons.
1 ,6 8 0 ,6 7 4
4 7 8 ,7 7 1
3 9 3 .1 0 6
2 9 1 ,0 6 6
1 2 7 ,9 4 6
5 5 ,8 2 5
Tons.
1 ,6 7 4 ,8 4 8
4 8 3 ,5 2 5
4 2 0 ,8 7 4
3 0 4 ,5 3 4
9 8 ,1 2 7
9 2 ,5 9 9
6 .9 8 7 ,1 9 1 11 ,3 4 8 ,5 4 9 1 1 ,2 4 7 ,8 6 9
2 ,8 0 1 ,3 2 5 5 ,2 5 0 .0 8 7 5 ,3 2 7 , 13:1
1 .0 1 9 ,4 9 5 1 .6 5 9 ,7 5 2 1 ,5 5 2 ,6 5 9
2 2 5 ,3 7 2
3 7 3 ,1 8 9
3 7 9 ,3 9 0
1 ,0 9 1 ,9 4 1 2 , 4 5 7 . 7 0 S 2 . 1 5 6 ,8 6 0
3 4 8 ,0 9 6
4 3 6 ,5 0 7
3 6 9 ,4 5 0
1 4 8 ,9 3 8
3 2 2 .0 8 3
3 7 3 ,3 2 3
3 1 3 ,0 7 1
4 0 8 ,4 8 0
4 1 3 ,0 4 0
1 3 ,7 9 1
1 9 ,1 1 9
2 0 .2 3 9
2 9 ,7 2 7 ,1 3 7 2 3 ,6 4 9 ,5 4 7 2 7 , 3 0 3 .5 0 7 2 5 , 7 9 5 ,4 7 1 1 5 .9 3 6 ,0 1 8 2 5 ,7 8 1 .3 6 1 2 5 ,3 0 7 ,1 9 1
a Including Indiana, b Including Minnesota,
ton and Calltornla. d Including Connecticut.
c Including Colorado, Washing
. ,
THE N E W
393
T E R M IN A L
OF
THE
CENTRAL.
The latest and largest “ terminal” , the Grand
Central, the third on that site in scarcely more than
forty years, was opened for public use at the close
of last week. Its figures of acres covered, of miles
of tracks, of number of tracks and platforms, of
trains moved daily, of passengers handled, are all
large, but custom has somewhat blunted the effect of
a mere marshaling of figures of measurement. The
structure, or series of structures, had to be planned
for their purpose and under their immovable limita
tions; and they emphatically have been planned.
They include one or two hotels already and will
probably include more, together with buildings for
public amusements which are in the future, yet have
been seen as within the vision of what may and will
be. The accessory conveniences which are modern
adjuncts of going and coming by rail are many and
admirable, and much description could be spent on
them; the keynote of the plan is still larger. That
keynote was facilitating movement, first, by separat
ing incoming from outgoing, the two being held
apart although joined, like the two ends of a dumb
bell; next, by eliminating bends and making the
channel itself direct the way for movement; finally,
by reviving the ancient ramp. No small number
of persons, and especially no large number, can ever
move swiftly on a stair; a sad proof of this is the fact
that the stair has been the place and the most
effective cause of loss of life in all fires in public
buildings. So the ramp or incline has been sub
stituted here, and almost no stair is provided for
public use; the slope was reached by long experi
ment and in-the maximum of 8 feet per 100 is said
to be nearly one-third less than the grade on Fifth
Avenue between 34th and 38th streets.
Time, cost and difficulties of the work were vastly
increased by the necessity of using the old terminal
while building the new. This was accomplished by
utilizing one old structure and putting up temporary
ones, a little outside the true station; even then,
to carry on wrecking, excavating and new construcing, without interference with the constantly growing
business of the road, tasked every resource of engi
neering ingenuity. The great task is over in at
least the severest part, and no serious mishap has
occurred; the old lesson of the superiority of private
over public work is again illustrated. Efficiency is
the burden of reform chants now, as though that
were entirely new; the persons who offer themselves
obtrusively as teachers of it might well make a study
of this piece of work and point out how they would
have done it better and differently.
The huge financial problem has been solved simply.
The completed plan is to include some thirty city
blocks in area, and to get space by purchase was
beyond accomplishment; but the road utilized its
“ air rights” by building above its own right of way,
carrying tracks and operation underground. This
effects the double utility of enlarging the road’s
property by getting income from it and of practically
enlarging that crowded district by restoring a right
of way to public uses. The train yards go to cellars
and sub-cellars, where no disturbance from them can
come, while buildings for modern business rise above
them.
394
T H E C H R O N IC L E
Without that wonder-worker, the electric motor,
no part of this would have been possible; not the
first step in it could have been taken. Yet electricity
as we now know it is not quite a quarter-century old.
It is re-distributing population and re-making cities,
and still we are not sure that it has done more than
take hold of its work. In all our many discourage
ments, some encouragement may be drawn from
remembering that while politicians obstruct and maul
and mar, the discoverers and inventors keep on doing
things.
IM M IGRATION A N D EMIGRATION I N 1912.
The official immigration bulletin for December,
recently issued, shows that the arrivals of aliens
in the calendar year 1912 were materially larger than
in 1911, while the aggregate of departures was some
what less; consequently there was a considerable
addition to the total of foreign-born population.
Under the trade conditions ruling here in 1912 this
addition was, of course, welcome. It must have
largely relieved the pressing demand for unskilled
labor which was reported a few months ago, especially
as the arriving aliens have been principally of those
nationalities from which accessions to the labor
force have of late years been almost wholly recruited.
At the same time it is to be noted that, while some
success has met the efforts of the immigration officials
to direct the arriving aliens to the localities where their
services are most required, the large farming com
munities of the West are apparently yet in need
of labor, if crop areas are to be materially extended.
It is a fact fully substantiated by the latest statis
tics, as well as by the earlier ones, that each year some
five States in the East and three in the Middle West
secure the great bulk of the immigrants, leaving a
relatively small number as going South or to that
immense territory west of the Mississippi to the
Pacific Coast. With a rapidly increasing popula
tion a commensurate augmentation in the volume
of food stuffs is essential, and as it is to the Far West
that we must eventually look for the increase, it
would be the part of wisdom to assist the farmers
in every possible way in securing the necessary labor.
The number of aliens who entered the country
during 1912 was 1,221,630 (of which 1,026,360
were immigrant and 195,270 non-immigrant), this
aggregate contrasting with 937,514 in the previous
year, 1,223,473 in 1910 and 1,142,013 in 1909. In
1908, owing to the depression existing here, the
inward movement was only 557,585. On the other
hand, in 1907 it reached the record of 1,505,468.
The outward current, although less than in 1911, was
above the normal of recent years, reaching 574,888;
in 1910 departures of steerage passengers totaled
only 459,455 and in 1910 but 339,341. The net gain
in foreign-born population was in the late year
646,722 as against only 326,041 in 1911. In 1910,
however, we gained 764,018, in 1907 no less than
971,468 and in 1906 an even greater number— 1,010,
626. We append a compilation showing the results
in
d e ta il
fo r
th e
A lien A rrivals
la s t
1912.
fiv e
[Vol. XCVI.
As regards the nationalities of the immigrants,,
the arrivals of Russians, Armenians and Greeks
were greater than ever before for the like period,,
but because of the Balkan War many of the latter
returned to the home country, and of Bulgarians,
Servians and Montenegrins the outflow outnumbered
the inward movement. Italians, as for some time
past, made up the largest single item in the immi
grant aggregate, but here also departures were above
the normal owing to the war. From Croatia and
Slavonia the immigration was over double that of
1911 and the same is true of the Polish arrivals, while
large increases are to be recorded in the influx from
Germany, Austria-Hungary, Ruthenia, and Lithuuania. Contrariwise, the arrivals of Scandinavians
were the smallest in a number of years and the move
ment from Great Britain, Holland and M exico
fell below 1911.
As stated above, much the- greater part of the
immigration is absorbed by a few States in the East
and Middle West, leaving but a comparatively small
quota for the remainder of the country. To illustrate
this more fully, we note that in the six months ended
Dec. 31, 1912, of 545,443 immigrant aliens admitted,
no less than 434,196 are credited to eight States—
New York, New Jersey, Pennsylvania, Massa
chusetts, Connecticut, Illinois, Michigan and Wis
consin— leaving only 111,247 to supply the needs for
labor elsewhere. These figures compare with 268,904
and 88,351 respectively in the same period of 1911
and show that the increase for the eight States wasover 60% and for the rest of the country only a little
over 25% .
B A N K IN G ,
— Tho
L E G IS L A T IV E
p u b lic
s a le s
of
AND
bank
F IN A N C IA L
sto c k s
th is
w eek
N EW S.
a g g re g a te
o n l y 1 9 s h a r e s , o f w h ic h 1 5 s h a r e s w e r e s o l d a t a u c t i o n a n d 4
sh ares
pany
at
th e
sto c k
C h ase
T h is
S to c k
w ere
N a tio n a l
w as
th e
D ecem ber
Exchange.
s o ld
at
Bank
fir s t
Ten
a u c tio n .
sto ck
p u b lic
sh ares
A
w as
s a le
m ade
tr a n s a c tio n
1 9 0 9 , th e p r ic e t h e n
of
of
tru s t
15
com
sh a res
at
a u c tio n
in
th e
at
of
700.
sto c k
s in c e
b e in g 4 2 5 , a lth o u g h it w a s
a n n o u n c e d e a r l y in J a n u a r y t h a t t h o P r e s i d e n t o f th o b a n k
had
ta k e n
over
1 5 ,0 0 0
sh ares
fo r m e r ly
h e ld
by
th e
F ir s t
S e c u r i t y C o m p a n y a t a p r ic e n o t m a d e k n o w n , b u t a s s u m e d
t o b e in t h e n e i g h b o r h o o d o f 7 6 0 .
th e
b id
banks
and
and
a sk ed
tru s t
E x t e n s iv o ta b le s r e p o r tin g
q u o ta tio n s ,
c o m p a n ie s
in
d e p o s its ,
a ll
s u r p lu s ,
im p o r t a n t
& c .,
c it i e s
in
of
th e
U n i t e d S t a t e s a r e p u b l i s h e d m o n t h l y in t h e “ B a n k a n d Q u o
ta tio n
S e c t io n ,”
th e
F ebru ary
t o - d a y ’ s “ C h r o n i c l e .”
is s u o
o f w h ic h
a c c o m p a n ie s
B i d a n d a s k e d q u o t a t io n s fo r a ll N e w
Y o r k C i t y b a n k a n d tr u s t c o m p a n y s t o c k s a ro a lso p u b lis h e d
w e e k l y in a n o t h e r d e p a r t m e n t o f t h e p a p e r , a n d w ill b e f o u n d
to -d a y o n p a g es 4 0 4 a n d 4 0 5 .
Shares. B A N K S — New York.
15
*4
10
H igh. Close.
Low.
Chase National B ank______ . . 7 0 0
Com m erce, N a t. Bank o f- .
197
T R U S T C O M P A N Y — New York.
T itle Guar. & Trust C o
.. 495
Last previous sale.
700
700
197
197
D ec.
Jan.
1913—
195
495
495
Jan.
1913—
5 0 5 >$
1909—
425
* Sold at the Stock Exchange.
— A
N e w Y o r k S to c k E x c h a n g e m e m b e r s h ip w a s re p o rte d
p o s te d fo r tr a n s fe r th is w e e k , th o c o n s id e r a tio n b e in g g iv e n
a s $ 4 8 ,0 0 0 .
T h o sa m e a m o u n t w a s p a id fo r a m e m b e rsh ip
la s t w e e k .
— Joseph
P.
T u m u lty ,
G o v e r n o r W ils o n
fro m
w ho
Jan.
w as
1911
P r iv a te
to N o v .
S e c re ta ry
to
1 912, w hen M r .
W ils o n m a d e h im C le r k o f th e S u p r e m e C o u r t, h a s b e e n se
le c t e d b y M r . W i l s o n t o b e h is S e c r e t a r y w h e n h e t a k e s o f f ic e
yea rs:
1911.
1910.
1909.
1908.
a s P r e s i d e n t o f th o U n i t e d
S ta tes.
Im m ig ra n t_________
N o n -im m ig ra n t____
1 ,0 2 6 , 3 6 0
1 9 5 ,2 7 0
7 8 2 ,5 4 5
1 5 4 ,9 6 9
1 ,0 7 1 , 8 8 5
1 5 1 ,5 8 8
9 5 7 ,1 0 5
1 8 4 ,9 0 8
4 1 0 ,3 1 9
1 4 7 ,2 6 6
so as to
T o t a l .......................
1 ,2 2 1 , 6 3 0
9 3 7 ,5 1 4
1 ,2 2 3 , 4 7 3
1 ,1 4 2 ,0 1 3
5 5 7 ,5 8 5
U n ite d
E m igrant___________
N on-em igrant - ____
2 9 9 ,3 8 5
2 7 5 ,5 0 3
3 5 2 ,4 2 3
2 5 9 ,0 5 0
2 6 0 ,4 3 9
1 9 9 ,0 1 6
1 8 7 ,8 3 1
1 5 1 ,5 1 0
3 4 1 ,4 2 6
2 5 7 ,3 5 7
U n ite d S ta te s S e n a te o n th e 1 st in s t. b y a v o to o f 4 7 to 2 3 ,
T otal ......................
N et gain in pop u l’t ’n
* N et loss.
5 7 4 ,8 8 8
6 4 6 ,7 4 2
6 1 1 ,4 7 3
3 2 6 ,0 4 1
4 5 9 ,4 5 5
7 6 4 ,0 1 8
3 3 9 ,3 4 1
8 0 2 ,6 7 2
5 9 8 ,7 8 3
*4 1 , 1 9 8
A lien D epartures—
— T h e r e s o l u t i o n w h ic h a m e n d s t h o F o d e r a l C o n s t i t u t i o n
lim it
th e
te n u r e o f o ffic e
S ta te s to on o te rm
b e in g o n e
v o te
m ore
th a n
o f s ix
th e
r e s o l u t i o n w a s in t r o d u c e d in
t h e l a s t s e s s io n .
o f th e P r e s id e n t o f th o
years
w as
n ecessary
b o th
p assed
by
t w o -th ir d s .
th e
The
b ran ch es o f C o n gress a t
S e n a t o r W o r k s w a s i t s s p o n s o r in t h e S e n a t e *
T H E C H R O N IC L E
F e b . 8 1 9 1 3 .]
395
a n d it w a s f a v o r a b ly r e p o r te d to th e S e n a t e b y th o J u d ic ia r y
J e w ish
C o m m it t e e o n M a y 2 0 ; in th o H o u s e it w a s o ffo r e d b y R e p r e
M a r s h a ll o f N e w
s e n t a t iv e C l a y t o n , a n d th o H o u s e J u d ic ia r y C o m m it t e e o r
w a ld
d e r e d it f a v o r a b l y r e p o r t e d o n J u n o 4 .
A m e r ic a n F e d e r a tio n o f L a b o r , w a s o n e o f th o se w h o c o m
N o fu r th e r a c tio n o n
it h a s y o t b e e n ta k e n b y th o H o u s e .
F o llo w in g its p a s s a g e
to
b o r a tifie d
by
t h e le g i s la t u r e s o f
t h r e e -f o u r t h s
th e S ta t e s b e fo r e it c a n b e c o m e o p e r a t iv e .
of
T h o r e s o l u t io n
p r o p o s e s t o in s e r t in t h o C o n s t i t u t i o n , i n p la c e o f S e c t i o n
o f A r tic lo I I . ,
1
th e fo llo w in g ;
T he executive power shall bo vested in a President o f the United States
o f America. The term o f tho office o f President shall be six years; and
no person who has held the office by election, or discharged its powers or
duties, or acted as President under the Constitution and laws mado in
pursuance tticreof shall bo eligible to again hold tho office b y election.
Tho President, together with a Vice-President chosen for the same
term , shall bo elected as follows:
T w e n t y -e ig h t D e m o c r a t s a n d n in o te e n R e p u b lic a n s v o t e d
in f a v o r o f t h e r e s o l u t i o n
a s fo llo w s :
ono
D o m o cra t,
S en a to r
r e s o l u t i o n , w h il e t h r e o o f
S h iv e ly ,
v o te d
a g a in s t
th o
th e t w e n t y -t w o R e p u b lic a n v o te s
v o t e s r e c o r d e d in o p p o s i t i o n t o i t w e r e c a s t b y t h e s o -c a l l e d
“ P ro g re ssiv e s” — S e n a to r s
Tho
C la p p ,
D ix o n
and
o t h e r R e p u b l i c a n s v o t i n g in t h o n e g a t i v o w e r e :
t h o d e b a t e o n t h e s a m o in t h o S e n a t e w e r o d e f e a t e d .
pro p osed
b y S en ator
H itc h c o c k
and
One of
w o u ld
e x o m p te d P re sid e n ts R o o s e v e lt , T a f t a n d W ils o n
have
fr o m
th e
o p e r a tio n o f th o A m e n d m e n t b y p r o v id in g t h a t “ th o te r m o f
o ffic e o f P r e s id e n t a fte r M a r c h
3
1917
s h a ll
bo
s ix y e a r s ,
a n d n o p e r s o n e l e c t e d f o r s ix y e a r s a f t e r t h e a d o p t i o n
A m endm ent
s h a ll
bo
e li g ib le
a g a in
to
h o ld
th o
o f t h is
o ffic e
by
T h e r o a p p e a r s to b e a d iv e r s it y o f o p in io n a s to w h e th e r
a s it n o w
s ta n d s th e s ix -y e a r te r m
w o u ld a p p ly to P r e s id e n t-e le c t W i ls o n
s h o u ld b o r a t i f i e d
in
to
and
p e c t e d t h a t i t w ill b e c h a n g e d in t h o I I o u s o so a s
Y ork ;
etc.
F ran k
M o r r is o n ,
L o u is
r e p r e s e n tin g
th e e ffe c t th a t p r o v is io n fo r
c u rr e n cy r e fo rm
th e
th e
th e
g u a ra n ty
B a n k in g
b ill t o b e d r a f t e d b y t h e s u b - c o m m i t t e e o f
and
C u rren cy
C o m m itte e
of
th e
H o u se
of
R e p r e s e n t a t i v e s , o f w h i c h C a r t e r G l a s s is C h a i r m a n , a n d i n t i
m a t i o n s t h a t P r e s i d e n t - e l e c t W i l s o n w a s in s y m p a t h y w i t h
s u c h le g is la t io n h a v e b e e n c u r r e n t th e p r e s e n t w e e k .
W ils o n
to o k
o c c a s io n to d is s ip a te th e s e r u m o r s o n
G ov.
th e 5 th
i n s t . , w h e n h e is s u e d a n a n n o u n c e m e n t in w h i c h h e s a i d :
r e c e iv e d
th is m o r n in g fr o m
M r.
“ I
G la s s a le tte r in w h ic h h e
s t a t e s t h a t t h e r e p o r t t h a t t h e b i ll s in h is c h a r g e c o n t a i n a
w ith o u t fo u n d a tio n a n d
e n tir e ly
g u a ra n ty
is
e n tir e ly
t h e a l l e g e d r e s u m e s o f t h e b i ll s a r e
f i c t i o n a l .”
S o l. W e x le r , V ic e -P r e s id e n t o f th e W h it n e y -C e n t r a l N a
t i o n a l B a n k o f N e w O r l e a n s , p r e s e n t e d h is v i e w s o n
curren cy
le g i s l a t i o n a t t h e h e a r in g s o f t h e c o m m i t t e e t h i s w e e k , a n d
exp ressed
it
N a tio n a l
as
s io n s
h is
M o n e ta ry
y e t o ffe re d ;
in
it
o p in io n
th a t
th e
C o m m is s io n
is
b ill
th e
pro p osed
m ost
by
th e
a d v a n ta g e o u s
h e s ta te d , h o w e v e r , th a t th ere a re s o m e p r o v i
w h ic h
he
does
not
en d orse.
— T h e e x a m in a tio n o f W illia m
R o c k e fe lle r in c o n n e c tio n
a t J e k y l I s la n d , G a . , b y C h a ir m a n P u j o o f th e in v e s t ig a t in g
c o m m itte e a n d S a m u e l U n te r m y e r , co u n se l fo r th e c o m m itte e .
O w in g
to
i t is e x
to m a k e its
t h e e f f e c t w h ic h
th e
e x a m in a tio n
had,
how ever
u p o n M r . R o c k e f e l l e r , t h e o r d e a l a l m o s t b r i n g i n g a b o u t h is
c o lla p s e ,
th e
h e a r in g
la s t e d
but
t w e lv e
m in u te s .
d e c id e d s e v e r a l w e e k s a g o n o t t o r e q u i r e M r .
It
w as
R o c k e fe lle r ’s
a p p e a r a n c e b e f o r e t h e c o m m i t t e e in W a s h i n g t o n in v i e w o f
th o
rep o rt
of
th e
e x a m in a tio n
in to
h is
p h y s ic a l
c o n d itio n
m a d e b y D r . R ic h a r d s o n o n b e h a lf o f th e c o m m i t t e e .
s e v e r a l m a t t e r s w h ic h w e r e t o h a v e b e e n
in q u ir y
concerned
th e
fo r m a tio n
The
ta k e n u p a t y e s
of
th e
A m a lg a
m a t e d C o p p e r C o . a n d t h e b r e a k in t h e c o p p e r s t o c k s w h ic h
o c c u r r e d in 1 9 0 7 .
— F o l l o w i n g u p h is r e c e n t m e s s a g e a d v o c a t i n g t h e e n a c t
t h e e v e n t t h a t it
b e f o r e t h e c lo s e o f h is t e r m ,
m e a n in g m o r e e x p lic it.
C h ic a g o ,
— R e p o rts
te r d a y ’s
o lc c tio n .
u n d e r th o th o r e s o lu tio n
N ew
w ith th e “ M o n e y T r u s t ” in q u ir y w a s u n d e r ta k e n y e s t e r d a y
n u m b e r o f a m e n d m e n t s to th e r e s o lu tio n o ffe r e d d u r in g
th e so w a s
of
o f n a t i o n a l b a n k d e p o s i t s w a s c o n t e m p l a t e d in t h e p r o p o s e d
P o in d e x te r .
Republicans— Borah, Bourne, Bradley, Bristow, Curtis, Gallinger,
Jackson, Jones, K en yon, La Folletto, Llppitt, Lodge, M cLean, Oliver,
Pago, Richardson, Sanders, Stephenson and Townsend.
A
s o c ie t i e s
p r o v is io n fo r a s c h e m e o f b a n k -d e p o s it
Dem ocrats— Ashurst, Bankhead, Bryan, Chamberlain, Chilton, Clarke,
o f Arkansas; Flotchcr, Gardner, H itchcock, Johnson o f M aine; Johnston o f
Alabama; ICavanailgh, Kern, Newlands, Overman, Owens, Payntcr, Percy,
Perky, Pomerono, Simmons, Smith o f Arizona, Smith o f Georgia; Smith
o f M aryland; Swanson, Thom as, Thornton and Wiliams.
Republicans— Brandogeo, Brown, Burnham, Burton, Catron, Clark o f
W yom ing; Cum mins, Dillingham, D u P ont, Gam ble, Guggenheim,
M cO uinber, N elson, Penrose, Perkins, Sm oot, Sutherland, W etm oro and
W orks.
O n ly
of
and
Y o r k , D r . T h e o d o r e S u t r o , J u li u s R o s e n -
m e n d e d th e b ill.
t h e r o a n d i t s a p p r o v a l b y t h o P r e s i d e n t , t h e r e s o l u t i o n w ill
have
o r g a n iz a tio n s
m e n t o f le g is la t iv e
resp ect
to
m ea su res to
o p e r a tio n s
on
th o
b r in g a b o u t
N ew
Y ork
re fo rm s
S to c k
w ith
E xchange,
T h e r e aro m a n y w h o th in k th a t a c
G o v e r n o r S u lz e r s e n t t o t h e L e g i s l a t u r e t h e d r a f t o f s e v e n
t i o n o n t h o A m e n d m e n t b y t h o H o u s e is u n l i k e l y in v i e w o f
b ill s d e s i g n e d t o a c c o m p l i s h w h a t h e f e e ls t o b e n e c e s s a r y t o
t h o la r g e a m o u n t o f o t h e r l e g i s l a t i v e
c o rr e ct e x is tin g a b u s e s .
bo done b y
th o 4 t h o f
w o r k t h a t r e m a in s
to
M a r c h , w h e n t h e life o f t h o p r e s e n t
C o n g r e ss e x p ire s.
— The
pro ved
c is m
c o n fe r e n c e r e p o r t o n
by
th e
IIo u so
of
th o im m ig r a tio n
R e p r e s e n ta t iv e s
a g re e d to b y th o S e n a to o n F e b . 1 .
t h o b ill is fr e e f r o m
fe re n c e ,
w h ic h
Jan.
30,
w as
A s in d i c a t e d l a s t w e e k ,
t h o p r o v i s i o n o r i g i n a l l y a d o p t e d in c o n
w o u ld
o f a n y co u n try
on
b ill, a s a p
have
e x c lu d e d
“ c it i z e n s
or
s u b je c ts
t h a t is s u o s p e n a l c e r t i f i c a t e s o r c e r t i f i c a t e s
o f c h a r a c t e r w h o d o n o t p r o d u c e t o t h o i m m i g r a t i o n o f f ic e r s
such
a
c e r t i f i c a t e .”
Tho
illite r a c y
t e s t c a r r ie d
s t i p u l a t e s t h a t t h o r o s h a ll b o e x c l u d e d f r o m
in
th o
b ill
a d m is s io n :
“ All aliens over 1 0 years o f ago, physically capablo o f reading, who
cannot read tho English language or somo other language or dialect, in
cluding Hebrew or Yiddish: provided. That any admissible alien or any
alien lierotoforo or hereafter legally admitted or any citizen o f the United
States, m ay bring in or send for his father, or grandfather, over 5 5 years
o f ago, ills wife, ills m other, ills grandmother, or ills unmarried or widowed
daughter, if otherwise admissible, whether such relativo can read or not,
and such relatives shall bo permitted to enter. That for tho purpose o f
ascertaining whether aliens can read, the immigrant inspectors shall bo
furnished with slips o f uniform size, prepared under the direction o f the
Secretary o f Com m erce and Labor, each containing not less than 3 0 nor
m ore than -10 words in ordinary use, printed in plainly legiblo typo in the
various languages and dialects o f imm igrants. Each alien m ay designate
tho particular language or dialect in which ho desires the examination to bo
m ado and shall bo required to read the words printed on tho slip in such
languago or dialect. N o tw o aliens com ing in tho samo vessel or other
vehiclo o f carriage or transportation shall bo tested with tho samo slip.
T h a t tho following classes o f persons shall bo exem pt from tho operation
o f tho illiteracy test, to wit: all aliens who shall prove to tho satisfaction
o f tho proper immigration officer or to tho Secretary o f Oom m erco and
Labor that they aro seeking admission to tho United States solely for tho
purposo o f escaping from religious persecution; all aliens in transit through
tho United States; all aliens who have been lawfully adm itted to tho United
States and w ho shall later go in transit from ono part o f tho United States
to another through foreign contiguous territory.”
A r g u m e n t s f o r a n d a g a i n s t t h o b ill w e r e h e a r d a t W a s h i n g
to n
fro m
by
P r e sid e n t
v a r io u s
h e a r in g ,
a
T a ft
s e c tio n s
num ber
on T h u rsd a y .
of
th e
cou n try
r e p r e s e n tin g
th e
w h ic h
of
a
L ib e r a l
Im
th e
in tr o d u c tio n
d ir e c te d
w h ic h ,
in
a g a in s t
by
m a n ip u la tio n , b y
th e G o v e r n in g
p r o h ib it in g
C o m m itte e
“ m a tc h e d ”
orders,
In an n ou n
c i n g t h e a d o p t i o n o f t h i s r e s o l u t i o n a s t a t e m e n t w a s is s u e d
b y t h o G o v e r n o r s w h ic h s a i d :
For somo weeks committees have been at work upon the rules o f the Stock
Exchange for the purposo o f determining what changes or additions can
be m ado to prevent operations and transactions in securities on tho E x
change which have been criticized. T he conclusions o f tho com m ittee are
to bo subm itted from tim e to tim e, as soon as they aro form ulated, to the
Governing C om m ittee for its action.
T ho subject which has principally occupied public attention is what'.is
called tho manipulation o f securities. T he com m ittee having that subject
in cliargo m ade its report respecting it at a special meeting o f the G overn
ing C om m ittee held this afternoon.
This resolution has been fram ed, after m uch consideration, in tho belief
and expectation that it will bo efficacious in preventing m anipulation.
T ho ob ject o f tho rule, as is apparent from its languago, is to prohibit tho
giving o f orders which will not result in a change o f ownership or tho execu
tion o f such orders b y brokers on tho Exchange .with knowledge o f the
fa ct that there will be no such change.
It is proposed to take further action on other m atters at subsequent
m eetings.
T h e r e s o lu tio n
i t s e l f is a s f o l l o w s :
Resolved, That no Stock Kxchango m ember or m ember o f a Stock Exchange
firm shall give, or with knowledge execute, orders for the purchase or sale
o f securities which would involve no change o f ownership.
T ho punishment for tills offense shall be as prescribed in Section 8 o f
A rticlo 2 3 o f the constitution, regarding fictitious transactions.
S e c tio n 8 o f A r t ic le 2 3 o f th e C o n s t it u t io n r e a d s a s fo llo w s ;
Fictitious transactions are forbidden. A n y member violating this rule
shall bo liable to suspension for a period not exceeding twelve m onths.
G ov.
S u l z e r ’ s b ills w e r e i n t r o d u c e d
by
S en a to r
S te p h e n
J . S t i lw e l l a n d A s e s m b l y m a n A a r o n J . L e v y ; o n e o f t h e s e v e n
b ills l i m i t s t h e in t e r e s t r a t e o n c a l l lo a n s t o 1 5 % ; in h i s m e s
th o
N a tio n a l
w ith
is i n t e n d e d t o e l i m i n a t e m a n i p u l a t i o n p r a c t i c e s .
w ero
th o
been
on W ed n esd ay
r e s o lu tio n
sa g e th e
at
has
th o a d o p tio n
A b o u t 2 5 0 d e le g a t e s
p resen t
C o in c id e n t
o f th e so b ills , th e E x c h a n g e its e lf u n d e r to o k to m e e t t h e c r iti
G overn or had recom m en ded
m a x im u m
ra te
of
in te r e st
on
th a t 6 %
su ch
lo a n s ,
b o fix e d
but
he
as
w as
m o v e d t o c h a n g e h is v i e w s o n t h a t p o i n t a s a r e s u l t o f t h e
m i g r a t i o n L e a g u e , w h i c h is o n o o f t h o o r g a n i z a t i o n s o p p o s e d
c o n f e r e n c e h a d w it h r e p r e s e n t a t i v e s o f t h e E x c h a n g e a w e e k
to th e b ill.
ago.
C h i e f J u s t i c e O l s o n o f C h i c a g o a l s o s p o k e in o p p o s i
t i o n t o i t a s w e ll a s R e p r e s e n t a t i v e G o l d f o g l o , r e p r e s e n t in g t h e
A n o t h e r o f t h e b ill s w o u l d
p r o h ib it th e r e p o r tin g o r
p u b l i s h i n g o f f i c t i t i o u s t r a n s a c t i o n s in s e c u r i t ie s ; a t h i r d
is
396
TH E C H R O N IC L E
in te n d e d
tie s;
t o p r e v e n t f a l s e r e p r e s e n t a t i o n s c o n c e r n i n g s e c u r i
s till a n o t h e r
b ill c o n c e r n s
th e
m a n ip u la tio n
o f p r ic e s
ru le s.
[V ol . XCVI
F r o m a r e s o lu tio n w h ic h w a s a d o p t e d a t th is m e e t i n g ,
i t a p p e a r s t h a t t h e o u t - o f - t o w n b a n k e r s a r e n o t f u l l y in a c c o r d
o f s e c u r i t ie s ; t h e f i f t h b ill r e la t e s t o t r a d i n g b y b r o k e r s a g a i n s t
w it h th e te r m s o u tlin e d b y th e C le a r in g H o u s e .
c u s t o m e r s ’ o r d e r s ; t h e s i x t h b ill h a s t o d o w i t h t r a n s a c t i o n s
ap p ea rs
by
a s s e n t in g
b r o k e r s a ft e r in s o lv e n c y a n d
t o m e r s ’ s e c u r itie s , a n d
of
bucket
v is io n s
sh op s.
A
th e h y p o th e c a tio n
o f cu s
th e s e v e n t h p r o h ib it s th e o p e r a tio n
m ore
e x te n d e d
o f t h e b ills w a s f u r n i s h e d
su m m ary
by
of
th e
A s s e m b ly m a n
p ro
L evy,
a s fo llo w s :
W e g i v e h e r e w i t h t h e t e x t o f t h e b ill c o v e r i n g m a n i p u l a
tio n o f p rice s:
A n A ct to amend tho penal law in relation to the m anipulation o f prices
o f securities and conspiring m ovem ents to deceive the public.
T he people o f tho State o f N ew Y ork , represented in Senate and Assem
b ly , d o enact as follows:
Section 1 . A rticle 8 6 o f Chapter 8 8 o f the Laws o f 1 9 0 9 , entitled " A n A ct
providing for the punishment o f crim e, constituting Chapter 4 0 o f tho
C onsolidated L aw s,” is hereby amended b y adding to tho end a new sec
tion to be Section 9 5 3 thereof, to read as follows:
Section 9 5 3 . Manipulations o f prices o f securities.— A n y person w ho in
flates, depresses or causes fluctuations in, or attem pts to inflate, depress or
causo fluctuations in, or com bines or conspires with any other person or
persons to inflate, depress or cause fluctuations in the market prices o f tho
stocks, bonds or other evidences o f debt o f a corporation, com pany or asso
ciation , or o f an issuo or any part o f an issue o f the stock, bonds or evi
dences o f debt o f a corporation, com pany or association, b y means o f pro
tended purchases and sales thereof, or b y any other fictitious transactions
or devices, for or on account o f such person or o f any other person, or fo r or
on account o f tho persons so com bining or conspiring, whereby either in
wholo or in part a simultaneous change o f ownership o f or interest in such
stocks, bonds or evidences o f debt, or o f such issuo or part o f an issuo
thereof, is not effected, is guilty o f a felony, punishable b y a fine o f not
m ore than $ 5 , 0 0 0 or b y imprisonment for not m ore than tw o years, or b y
b oth .
A pretended purchase or sale o f any such stocks, bonds or other evi
dences o f debt whereby, in whole or in part, no simulataneous change o f
ownership or interest therein is effected, shall be prima facie evidence
o f the violation o f this section b y the person or persons taking part in the
transaction o f such pretended purchase or sale.
This A ct shall take effect Immediately.
L e g is la tio n
Exohange,
p r o v id in g
w h ic h
w as
fo r
a lso
th e in c o r p o r a tio n
recom m ended
o f th e
S to ck
fo r c o n s id e r a tio n
t h e G o v e r n o r in h i s m e s s a g e l a s t w e e k , h a s n o t a s y e t
i t is u n d e r s t o o d , b e e n p r e p a r e d .
S p e a k in g o n
th is s u b je c t
o n W e d n e s d a y G o v . S u lz e r s a i d :
— A
d is c u s s i o n o f t h e n e w
of
o u t-o f-to w n
checks
r e g u la tio n s r e s p e c tin g th e c o l
a d o p te d
th e
rest
on
th e
fa c t
a rra n g e m e n ts
th a t
p roposed
O p p o s itio n
th e
by
in s titu t io n s
th e
C le a r in g
to e a c h N e w Y o r k b a n k se n d in g th e m it e m s fo r c o lle c tio n ; to
o b v i a t e t h i s a n d e n a b l e t h e m t o r e m i t in b u l k , a c o u n t r y c o l
b u reau ,
s im ila r
to
th a t
a d o p te d
C l e a r i n g H o u s e A s s o c i a t i o n , is a d v o c a t e d .
by
th e
B o sto n
T h is p la n ,
i t is
a r g u e d , w o u ld r e s u lt in s im p lify in g th e c o lle c tio n p r o b le m fo r
a ll c o n c e r n e d , b e s id e s s e r v i n g t o r e d u c e t h e e x p e n s e s o f r e m i t
tin g .
T h e fo llo w in g le t t e r , s e t t in g o u t th e a c t io n ta k e n b y
th e b a n k e r s ,
w as
sen t
H ou se on T h u rsd a y .
to
M anager
S h erer o f
th e
C le a r in g
I t a s k s fo r a c o n fe r e n c e o n th e m a t t e r
t o th e e n d t h a t a s a t is fa c t o r y s o lu tio n m a y b e a g r e e d u p o n :
New York, N . Y ., Feb. 6 1 9 1 3 .
M r. Wm. Sherer, M anager New York Clearing-House A ssociation, New
York, N . Y.
D ear S ir. — Herewith Is a cop y o f a resolution passed b y the ropresentattives o f the Bankers' Associations o f N ew Y ork , N ew Jersey, M assachu
setts and C onnecticut at a m eeting held on Thursday, Fob. 6 1 9 1 3 .
A t a m eeting o f representatives o f the Bankers’ Associations o f tho
States o f N ew Y ork , M assachusetts, C onnecticut and N ew Jersey, held at
the headquarters o f the American Bankers’ Associztion in N ew Y ork C ity
on Thursday, F eb. 6 1 9 1 3 , tho following resolution was adopted:
W hereas, the opinions gained b y the Bankers’ Associations from tho sev
eral States hereby represented show a large m ajority o f the banks disin
clined to accept tho terms, as outlined in tho resolution recently adopted
b y the N ew Y ork Clearing-House Association in relation to tho collection
o f checks on such ban ks, a n d ,
W hereas, it is the desire to assist the Now Y o rk Clearlng-IIouso Associa
tion in perfecting an arrangement which will bo m utually agreeable and
satisfactory, be it hereby resolved,
T h a t, in our opinion, a satisfactory solution o f this question will be an
agreement b y the N ew Y ork C ity banks to place on tho discretionary list
such banking institutions in N ew Y ork , N ew Jersey, M assachusetts, R hode
Island and C onnecticut as will agree to pay N ew Y ork par funds im m e
diately, and that the New Y ork banks shall con du ct such transactions
through a clearing house b y a m ethod similar in principle to that now so
effectually used b y tho banks o f tho B oston Clearing-House A ssociation,
and be it further resolved.
T hat tho following com m ittee representing the Interest hero represented
be appointed to confer with the proper com m itteo o f tho N ew Y ork Clear
ing Association in an endeavor to m utually agree on a plan according to
this resolution:
C O M M IT T E E .
II. II. P ond, Plainfield, N . J ., Chairman.
M assachusetts —
Netc Jersey —
Ralph P . A lden, Springfield.
Frank A . D rury, W orcester.
W m . J. Field, Jersey C ity.
C . G . A p pleton, N ewark.
New York —
Connecticut—
R obert A . Patterson, Tarry town.
C . E . H o yt, South N orw alk.
F. W . H yd e, Jamestown.
M . H . G riffin, D anbury.
I would appreciate the courtesy if you will arrange a conference with the
proper com m ittee at you r earliest convenience.
V ery truly yours,
I I . II. P O N D , C hairm an.
— Tho
B oard
A s s o c ia tio n
of
G overnors
o f A m e r ic a
h e ld
m ore on J an . 31 an d F e b . 1.
T ru st
Co.
of
B a ltim o r e ,
of
a
th o
tw o
In v e stm e n t
d a y s ’ s e s s io n
B a n k ers’
in
B a lti
C . T . W ill ia m s , o f th o F id e lit y
is
T reasu rer
o f th e In v e s tm e n t
B a n k e r s ’ A s s o c i a t i o n , a n d t h e m e e t i n g w a s h o ld in t h e b o a r d
room
o f th a t in s titu tio n .
a tte n tio n
The
m a tte r
w a s d ir e c t e d a t t h e m e e t i n g
to
w h ic h p a r tic u la r
w as th e
“ b lu e s k y ”
l a w , w h i c h s in c e i t w a s f i r s t p a s s e d in K a n s a s h a s b e e n t a k e n
u p b y o th e r S t a t e s in th o W e s t .
I t is s t a t e d t h a t w h il e t h e
b a n k e r s a r e in s y m p a t h y w i t h t h e u n d e r l y i n g a i m o f t h o la w
to p ro te c t th e in v e sto r
la tio n
has had
fr o m
u n d e s ir a b le s c h e m e s , th e le g is
t h o e f f e c t o f i n t e r f e r i n g in
a
m e a s u r o w ith
l e g i t i m a t e v e n t u r e s , a n d f o r t h a t r e a s o n h a s c o m e t o b e re
g a r d e d u n f a v o r a b l y in s o m e q u a r t o r s .
A
r e p o r t o n th e la w
w a s p r e s e n te d to th e b o a r d a t la s t w e e k ’s m e e t in g , a n d fo l
l o w i n g t h e d is c u s s i o n h a d in t h e m a t t e r , a s u b - c o m m i t t e e w a s
a p p o in te d
to d ra w
u p r e s o lu tio n s e x p r e s s in g th e s e n tim e n t
o f th e b a n k e rs o n th e s u b je c t.
“ A m e r ic a n ”
A c c o r d in g to th o B a ltim o r e
t h e r e s o l u t io n s w ill s e e k t o e m b o d y t h e o b j e c
t i o n s o f t h o b a n k e r s t o t h e e x i s t i n g la w s a n d p o i n t o u t t h e
w a y in w h i c h s u c h le g i s l a t i o n c a n b e e n a c t e d w h i c h w ill a t
t h e s a m o tim e p r o te c t th e p u b lic fr o m “ w ild c a t ” s c h e m e s a n d
y e t w i ll n o t i n ju r e t h e b u s i n e s s o f t h e r e s p o n s i b l e i n v e s t m e n t
ban k er.
G e o r g o B . C a l d w e l l o f C h i c a g o is P r e s i d e n t o f th o
a sso c ia tio n .
T h o n e x t m e e t i n g o f t h e b o a r d w i l l b e h e ld in
S t.
th e
L o u is
in
sp rin g .
— F e b . 2 5 a n d 2 6 h a v e b e e n fix e d b y th o C o u r t o f A p p e a ls
T he advisability o f Incorporating tho Exchango or leaving it as a volun
tary association is a matter that should bo very carefully considered.
Som o o f the best and m ost disinterested opinions seem to bo that tho discipllnary powers o f tho Exchango are more effectivo at present than they pos
sib ly could bo if tho Exchango were Incorporated. H owever, I am not com
m itted , directly or indirectly, in regard to this m atter, although we aro
a t work on a bill dealing with the subject.
le c tio n
to
to
H o u s e w o u ld b e r e q u ir e d t o m a k e s e p a r a te r e m itta n c e s d a ily
le c tio n
T h o establishment o f a maximum rate o f 1 5 % for call loans is sought
In one o f tho bills, and provision is m ade to declare a contract for a greater
am ount usurious.
Another bill relates to the reporting o f fictitious transactions in securi
ties, and would make it a felony to report as a purchase or sale o f stock a
transaction in which there is no actual change o f ownership. It is intended
to prevent the circulation o f false statements o f sales and thereby affecting
the price o f stocks.
A third bill is designed to apply to false representations concerning se
curities and would make it a felony to issue or publish any statem ent or
advertisem ent o f any facts which affect the price o f stocks, if the person
m aking such publication has reasonable ground to believe that the state
m ent is false.
A fourth bill deals with tho manipulation in the price o f securities and
would impose a felony for Inflating or depressing the price o f stocks by
means o f fictitious purchases, sales or other transactions, or to conspire
for such purposo. A pretended purchase or salo would bo m ade pre
sum ptive evidence o f an intent to defraud. The ob ject o f this measuro is
to prevent wash sales for the purposo o f affecting tho prices o f securities.
T h o bill relating to trading b y brokers against custom ers’ orders would
prohibit a broker from purchasing or selling stocks and trading in them
against his custom ers’ orders. T h e ob ject o f this measure is to prevent a
broker from taking advantage o f the confidential relations with his custom er
for his own p rofit. T he tendency o f the bill is to provent a broker mislead
ing his custom er from making purchases contrary to tho broker’s idea
o f the m arket, and thus enabling the broker to profit b y his illegitimate
ad vice.
T he sixth measure deals with the insolvency and hypothecation o f cus
tom ers’ securities, and would prescribe it a felony for a broker to receive
from a custom er, ignorant o f tho broker’s insolvency, m oneys or securities
except in liquidation o f a d ebt due to the broker if tho custom er loses as a
result o f such transaction. This measuro is designed to prevent tho un
scrupulous broker from continuing in business after it is definitely known
b y him that he is insolvent. The measure also would prohibit a broker from
plodging a custom er’s stock on which he has no lien, if tho custom er con
sents, or, if ho has a lien, pledging such stock for m ore than the am ount duo
him thereon. T h e ob ject o f this measure is to provent a broker from using
a custom er’s security as his own in the borrowing o f m oney, and thus pre
ven t great frauds.
T ho “ bucket shop” bill would provide that a witness shall not be excused
fro m testifying upon the ground that his testim ony m ay tend to con vict
him o f a crim e, with tho proviso that ho shall not be prosecuted for any
incrim inating m atter or thing concerning which ho m ay testify. T h o ob
je ct o f this measure is to m ore effectively enforce the law against criminal
bucket shops, which heretofore has been difficult on account o f the priv
ileges o f witnesses.
A nother provision o f this bill would require that but one party to a
bucket shop transaction should be cognizant that it is not a legitimate
trade. A t present both the broker and tho custom er must bo shown to have
such know ledge.
by
c h ie fly
by
th e
N ew
Y ork
o f t h e D i s t r i c t o f C o l u m b i a a s t h e d a t e s f o r t h o h e a r in g o f
a r g u m e n ts in th e a p p e a l o f S a m u e l G o m p o r s , J o h n M it c h e ll
a n d F r a n k M o r r i s o n , o f f i c i a ls o f t h e A m e r i c a n F e d e r a t i o n o f
L abor,
fro m
th e
sen te n ce s
im p o s e d
la s t
J u ly
in
th e
con
t e m p t p r o c e e d in g s g r o w in g o u t o f th e B u c k s S t o v e & R a n g e
Com pany
case.
— T o - d a y th e p e n s io n fu n d w h ic h th o
B an k ers T ru st C o .
C l e a r i n g H o u s e in D e c e m b e r w a s h a d in t h i s c i t y o n W e d n e s
o f th is c i t y h a s e s ta b lis h e d fo r th e b e n e fit o f its e m p lo y e e s
d a y b y b a n k e r s r e p r e s e n tin g fo u r o f th e S t a t e s w h ic h h a v e
g o e s in to o p e r a tio n . T h e c o m p a n y h a s a p p r o p r ia te d $ 7 5 ,0 0 0
b e e n i n c l u d e d in t h e d i s c r e t i o n a r y c la s s u n d e r t h e a m e n d e d ' a s a f o u n d a t i o n f o r t h i s p e n s i o n f u n d a n d e a c h y e a r i t w il*
T H E C H R O N IC L E
F e b . 8 1 0 1 3 .]
in c r e a s e t h o f u n d in p r o p o r t i o n t o t h e p e n s i o n r e q u i r e m e n t s
a n d a s th e p r o fits o f th o c o m p a n y m a y w a r r a n t .
w ill v o l u n t a r i l y p a y 3 %
E m p lo y e e s
o f th e ir a n n u a l s a la r y t o p a r tic ip a te
a n d w ill s h a r o t h e b e n e f i t s a f t e r f i f t e o n y e a r s ’ s e r v i c e .
— Tho
397
P e n n s y lv a n ia
a n n u a l c o n v e n tio n
h a v e n o t m e t in
P rio r
— W .
H arry
B an kers
at
A s s o c ia tio n
P itts b u r g h
in
w ill
June.
h o ld
The
its
ban kers
t h a t c i t y s in c e 1 9 0 7 .
B row n,
a
P itts b u r g h
c o a l d e a le r ,
has
been
r e t i r e m e n t o r i n c a p a c i t y w ill r e n d e r t h o p e n s i o n i n o p e r a t i v e ,
e le c t e d V i c e - P r e s i d e n t o f t h e M a r i n e N a t i o n a l B a n k o f t h a t
b u t t h e e m p l o y e e w ill b e r e p a i d w h a t h o h a s c o n t r i b u t e d a n d
c it y , to su c c e e d th e la te T . J . W o o d .
b o a llo w e d 4 %
Co.
and
in te r e s t.
th e
E m p lo y e e s o f th e M e r c a n tile T r u s t
M a n h a tta n
d a te d w ith th e
T ru st
C o .,
w h ic h
w ore
c o n s o li
B a n k e r s T r u s t C o . , w ill b o g i v e n c r e d i t f o r
— J o h n W . S t e a c y w a s e le c t e d P r e s i d e n t o f t h e Y o r k T r u s t
C o . o f Y o r k , P a . , o n th e 2 8 t h u l t ., to s u c c e e d th e la te C a p t .
W . I I . L a n iu s.
t h o n u m b e r o f y e a r s t h e y h a v e s e r v e d in t h o f o r m e r c o m p a n i e s .
P r o v is io n s are m a d e fo r v o lu n t a r y r e tir e m e n t o n a p e n sio n
a t th e a g o o f s i x t y , w h ile r e tir e m e n t a t s ix t y -f iv e y e a r s o f
a g e is c o m p u l s o r y u n l e s s t h e c o m p a n y r e q u e s t s t h e e m p l o y e o
t o r e m a i n lo n g e r i n i t s s e r v i c e , w h i c h is o p t i o n a l w i t h
e m p lo y e e .
th e
or as m a n y
fiftie th s o f s a la r y
a s y e a rs o f se r v ic e , e x c e p t t h a t it c a n n o t e x c e e d t h ir t y -fiv e
nor
p o n s io n
fo r
8 5 ,0 0 0
a
year.
tw e n ty -fiv e
Tho
yea rs’
p la n
s e r v ic e
p r o v id e s
s h a ll
th a t
c o n tin u e
th e
d a t e o f r e t i r e m e n t u n t i l d e a t h a n d f o r le s s t h a n t w e n t y - f i v e
such
s e r v ic e
and
fo r
in c a p a c ity
t h e p e n s i o n w ill b e d e t e r m i n e d
s o r v ic o .
The
w id o w
m a r r ia g e o r d e a th
w h ic h
her
c h il d r e n
of
w o u ld
su r v iv in g
in
an
b o fo ro
on
s ix ty
e m p lo y e e
is
th e
have
beon
h u sban d
e li g ib le
but
no
o f f ic e r s
fu n d
h ig h e r
c le r k s
of
th e
com pany
can
or
s im ila r
age
re
th a n
jo in
m in o r
th o
th o
t o a ll
ra n k
of
p a r tic ip a te .
a sso c ia tio n
at
o f C o lu m b u s ,
C o . o f T o l e d o , a s a n n o u n c e d in
o u r is s u e o f J a n . 1 1 .
— T h e N a t io n a l B a n k o f C o m m e r c e a n d th e S e c u r ity S a v
in g s B a n k & T r u s t C o . , b o t h o f T o l e d o , O . , h a v e a d o p t e d t h e
f i n g e r -p r i n t m e t h o d
o f id e n tific a tio n .
— T h e A m e r ic a n T r u s t C o . o f S o u th B e n d , I n d ., h a s se t
u p , a s a g i f t t o t h e c i t y , a t i t s p la c e o f b u s i n e s s o n t h e n o r t h
w est corn er o f W a s h in g to n A v e n u e a n d M ic h ig a n
h a n d so m e c lo c k .
d ia l is 2 2 ) 4 ! f o o t .
th e c it y .
I t is t h o f i r s t s t r e e t c l o c k t o b o e r e c t e d in
I n c o n n e c tio n w ith th e c lo c k th e c o m p a n y h a s in
s t a l le d o n i t s b u i l d i n g a s e t o f e le c t r i c a l t u b u l a r c h i m e s .
— T h o s to c k h o ld e r s o f th e H o m e S a v in g s B a n k o f D e t r o i t
w ill m e e t o n M a r c h 4 t o v o t e o n
th o b a n k ’s c a p it a l fr o m
th e p r o p o s itio n
8 7 5 0 ,0 0 0
to
s t o c k w ill b o is s u e d a t 8 2 0 0 a s h a r e
8 2 5 0 ,0 0 0
w ill
th u s
a ls o
bo
added
th o
D orom u s,
a
Coppot &
D orom u s,
m em ber of
th o
w ith
S to ck
B r o a d w a y , N . Y . , d io d o f p n e u m o n i a o n t h o 2 d i n s t .
D orom u s
began
h is b u s in e s s c a r e e r in
fir m o f J a c q u e lin & D o C o p p e t B r o s .
th e S to c k
M r.
E xchango
H o la te r b e c a m e c o n
n e c t e d w i t h D o C o p p o t & C o . , w h i c h w a s d i s s o l v e d in 1 8 9 1 ,
w h e n th o p re so n t fir m o f D o C o p p o t
M r.
& D orem us
w as
D o r o m u s h a d b e e n a m e m b e r o f th o N o w
fo r m e d .
Y ork
S to c k
E x c h a n g o f o r t w o n t y - s o v e n y e a r s , a n d a t t h o t i m o o f h is d e a t h
w a s C h a ir m a n o f th o C le a r in g H o u s e C o m m it t c o o f th e E x
c h a n g o , w h i c h o f f ic o h o h a d h e ld f o r t w e n t y y e a r s .
a lso
boon on
th o B o a r d
H o had
o f G o v e r n o r s fo r a s im ila r p e r io d .
M r . D o r o m u s s e r v e d o n th o c o m m it t e e w h ic h s u p e r v is e d th o
c o n s tr u c tio n o f th o E x c h a n g e o n B r o a d S t .
H o w o u ld h a v o
b r in g in g
in c r e a se d
m e r g e d w ith th o B a n k o f T o p e k a , th e m e r g e r h a v in g g o n e
in t o e f f e c t o n t h e 1 s t i n s t .
th e y
havo
U n d e r th e a r ra n g e m e n ts w h e re b y
c o n s o lid a te d ,
th o
P r u d e n tia l
T ru st
C o . , w h ic h
w a s a n a d ju n c t o f th e a b s o r b e d b a n k , b e c o m e s a ffilia t e d w ith
th e B a n k o f T o p e k a , b u t c o n tin u e s its s e p a r a to id e n t i t y .
Tho
P r u d e n tia l
w as
S ta te
Bank
began
b u s in e s s
in
1900.
It
o r ig in a lly th e P r u d e n tia l S t a t e S a v in g s B a n k , b u t th e s h o r te r
t i t le w a s a d o p t e d in
19 0 9 , w hen
th e in s t it u t io n , w h ic h h a d
p r e v io u s ly c o n fin e d it s e lf to a s a v in g s b u s in e s s , d e c id e d
o p e r a te a c o m m e r c ia l b a n k in g b u s in e s s .
t h a t t i m o in c r e a s e d f r o m
to
I t s c a p ita l w a s a t
8 2 5 ,0 0 0 to 8 5 0 ,0 0 0 .
S. E . Cobb,
C a s h ie r o f th e P r u d e n tia l S t a t e B a n k a n d T r e a s u r e r o f th e
tru st c o m p a n y , b e c o m e s a c tiv e V ic e -P r e s id e n t o f th e B a n k
of
b oon fifty -fiv o y e a rs o f a g e o n F e b . 1 9 .
in s titu t io n
— T h e P r u d e n t i a l S t a t e B a n k o f T o p e k a , K a n s a s , h a s b e e ir
Ex
o f f ic o s a t 4 2
Tho
su r p lu s ,
i t s c a p i t a l f r o m S 4 0 0 , 0 0 0 t o 8 7 5 0 , 0 0 0 in J u n e 1 9 1 1 .
Do
8 1 ,0 0 0 ,0 0 0 .
to
p r e s o n t e m p lo y e e s aro o x e m p tc d .
of
to
T h e new
(p a r 8 1 0 0 ) ; th e s u m o f
t h a t lik e w is e
— R ob ert P arker
up
t o in c r e a s e
8 1 ,0 0 0 ,0 0 0 .
e i g h t e e n y e a r s o f a g e a f t e r a m e d i c a l e x a m i n a t i o n , f r o m w h ic h
c h a n g e fir m
S tre e t, a
T h e c l o c k h a s f o u r d i a l s , e a c h o f w h i c h is
f o u r f e e t in d i a m e t e r , a n d t h e h e i g h t o f t h e p o s t s u p p o r t i n g t h e
p r iv ile g e .
is o p e n
A s s is ta n t S e c re ta r y o r A s s is ta n t T re a su r e r c a n
F u tu re
of
u n til
e n title d ;
have
th o c o m p a n y ’s p e n s io n
e m p lo y e e s ,
yea rs
th o n u m b e r o f y e a r s o f
to o n e -h a lf th o a m o u n t o f th o p e n sio n to
hu sb an d
M e m b e r sh ip
th o
f ie d w i t h S i d n e y S p i t z e r &
fro m
y e a r s ’ s o r v ic o t h e p e n s i o n s h a ll e q u a l t h o l o n g t h o f t i m o o f
F ir s t N a tio n a l B a n k
O ., to s u c c e e d J o h n S . H a r r is , w h o re sig n e d t o b e c o m e id e n t i
T h e a m o u n t o f t h o p e n s i o n is d e p e n d e n t o n t h o
n u m b e r o f y e a rs o f se rv ic e ,
fiftie th s
— W a l t e r G . S c o t t h a s b e e n p la c e d in c h a r g e o f t h e b o n d
d e p a r tm e n t o f th e N e w
Topeka.
John
R .
M u lv a n e
c o n tin u e s
as
P r e sid e n t
of
th o l a t t e r , a n d S c o t t H o p k i n s , T r u s t O f f i c e r o f t h o P r u d e n t i a l
— T h o m a s W o o d T h o r n e , s e n io r m e m b e r o f th e S t o c k E x
c h a n g e fir m o f T . W . T h o r n e & C o ., 2 0 B r o a d S t ., N o w Y o r k ,
d io d
at
h is
hom o
in
N ow
R o c h o l lo
on
th o
3d
in st.
M r2
T h o r n e h a d b e o n a m e m b e r o f th e N e w Y o r k S t o c k E x c h a n g e
fo r f o r t y -fiv o y e a r s .
H e w a s s o v o n t y -o n o y e a r s o f a g o .
— T h o B a tte r y P a r k N a tio n a l B a n k
o f th is c it y h a s th is
I.
G a m m e ll
of
P r o v id c n c o ,
R .
I.
w as
e le c t e d
th is w e e k a d ir e c to r o f th e U n it e d S t a t e s T r u s t C o . o f th is
c ity
— W illia m G . I l e g a r d t , C a s h ie r o f th e A m e r ic a n E x c h a n g e
N a tio n a l
a
Bank
of
D u lu th ,
v ic e -p r e s id e n c y .
Isa a c
M i n n .,
S.
has
M oore,
been
p ro m o ted
fo r m e r ly
C a s h ie r , ta k e s M r . H e g a r d t ’s p la c e a s C a s h ie r a n d J . D a n ie l
— T h e C o m m e r c i a l B a n k & T r u s t C o . o f L o u i s v i l l o c lo s e d
it s d o o r s o n J a n u a r y 2 2 , S t a t e B a n k C o m m i s s i o n e r T h o m a s
J . S m ith
t o su c c e e d th o la to W . B a y a r d C u t t i n g .
a p p o in tin g
D r.
Ben
L.
B r u n e r , P re sid e n t o f th e
in s t it u t io n , a s S p e c ia l D e p u t y to w in d u p it s a ffa ir s .
— A t th o a d jo u r n e d a n n u a l m e e tin g o f th o s to c k h o ld e r s o f
th o P h o e n ix N a t i o n a l B a n k o f H a r t fo r d o n J a n . 2 2 , C a s h ie r
Loon
P.
B r o a d h u r s t w a s e le c t e d V i c e - P r e s i d e n t t o
su cceed
J o se p h H . K in g a n d W illia m B . B a s s e tt, A s s is ta n t
C a s h ie r ^
w a s e le c t e d t o t h o c a s h i e r s h i p .
fro m
th o
board
( w h ic h
has
M r . K i n g , w h o a l s o r e t ir e s
been
red u ced
fro m
t w e n ty -tw o
t o f o u r t o o n m o m b o r s ) ;i i a d b e o n V i c e - P r e s i d e n t o f t h o P h o e n i x
s in c e t h o m e r g e r w i t h it l a s t s u m m e r o f t h o A m e r i c a n
B a n k , o f w h ic h h e h a d b e o n P r e s i d e n t .
N a tio n a l
S o v o n o f th o se w h o
r o tir o f r o m t h o b o a r d h a d r e p r e s e n t e d t h e A m e r i c a n N a t i o n a l ,
fo u r
fo rm e r
d ir e c t o r s
of
w h ic h
r e m a in w ith th o
P h o e n ix —
L y m a n B . J o w o ll , J o h n M . I l o l c o m b o , C h a r l e s H . N o r t h a i n
a n d A lb e r t L . P o p e ;
o f th o P h e n ix a r o :
t h o o t h e r s w h o m a lc o u p t h o d i r e c t o r a t e
S a m u e l G . D u n h a m , W ill ia m C . S k in n e r ,
H e n r y R o b e r t s , F r e d e r ic L . B u n c o , J o h n M . T a y l o r , H e n r y E .
R o e s , F r a n k C h e n e y J r ., C h a r le s L . F . R o b in s o n , C h a r le s D .
R ic o a n d H a r r y B . S tr o n g .
to
A s s is ta n t
M a h o n e y h a s b e e n m a d e A s s is t a n t C a s h ie r .
w e e k b e o n a p p o in te d a U n it e d S ta t e s d e p o s ita r y .
— R obert
T r u s t C o . a n d V ic e -P r e s id e n t o f th e P r u d e n tia l S ta t e B a n k ,
b e co m e s P re s id e n t o f th e tr u s t c o m p a n y .
F r e d e r ic L . B u n c o c o n tin u e s a s
P r e s id e n t o f th o in s titu t io n .
th e n
several m o v e m e n ts
S in c e
have
been
p r o p o s e d , o n e p u t f o r t h b y C l a r e n c e L o B u s , o n e o f t h e la r g e s t
s to c k h o ld e r s o f th e in s t it u t io n , a n d a n o th e r b y E . L . C a n a d a ,
w h ose
p la n
p r o v id e s
fo r
th e
o r g a n iz a tio n
of a
new
bank,
to b o u n d e r th e p re sid e n c y o f D r . B r u n e r , a n d to b o k n o w n
a s th e L o u is v ille B a n k & T r u s t C o ., w h ic h w o u ld g u a r a n te e
th o p a y m e n t o f th e d e p o s its o f
liq u id a te its a s s e t s .
w a s o r g a n ize d
d e p o sits
of
in
th e c lo s e d
in s titu tio n
T h e C o m m e r c ia l B a n k
1906.
8 7 0 0 ,0 0 0 .
It
had
Its
a
&
T ru st
and
Co.
c a p ita l o f 8 3 0 0 ,0 0 0 a n d
su sp e n sio n ,
it
is
u n d e r sto o d ,
w a s b r o u g h t a b o u t b y th e f a c t t h a t m u c h o f its c a p it a l w a s
t i e d u p in u n p r o d u c t i v e a s s e t s a n d b e c a u s e t h e B a n k C o m
m is s io n e r c o n s i d e r e d a g r e a t d e a l o f p a p e r u n c o l l e c t i b l e , a n d
so m e o f d o u b tfu l c h a ra c te r.
At
th e
tim e
th e
bank
c lo s e d
it s d o o r s i t h a d a m o n g i t s d e p o s i t s f u n d s o f J e f f e r s o n C o u n t y ,
a m o u n tin g
to o v e r 8 9 0 ,0 0 0 ,
fu n d ,
to ta l o f 8 3 6 ,3 9 4 .
to
a
in d e m n ity
— I n a d d i t i o n t o t h o t h r e e n o w V i c e - P r e s i d e n t s e le c t e d a t
to w a r d s r e o r g a n iz a tio n
covered
by
bond
a
of
bond
8 5 0 ,0 0 0 ,
of
a s w e ll a s p a r t o f t h e s i n k i n g
Tho
la tte r
w h il e
th e
co u n ty
fu n d s
are
D r.
B ru n er,
w ho
had
8 1 0 0 ,0 0 0 .
is s e c u r e d
by
an
th o a n n u a l m e e t in g o f th o O ld C o lo n y T r u s t C o . o f B o s t o n
fo r m e r ly b e o n S e c r e ta r y o f th o S t a t e o f K e n t u c k y , b e c a m e
la s t w e o k , F r e d e r ic G . P o u s la n d , h e r e to fo r e T r e a s u r e r , h a s
P r e s i d e n t o f t h e in s t t u t i o n in J a n u a r y 1 9 1 2 .
a lso
( t h is w e o k ) b e o n e le c t e d a V i c e - P r e s i d e n t .
H ig g in s h as b e c o m e T re a su re r a n d A . H o w a r d
n o w A s s is ta n t T re a su r e r.
W ilb u r W .
G r a v e s is a
— The
tw e n ty -s e c o n d
annual
c o n v e n tio n
of
th e
G e o r g ia
B a n k e r s ’ A s s o c i a t i o n w ill b e h e ld a t M a c o n o n M a y 1 6 a n d 1 7 .
T h o s e o f p r o m in e n c e w h o a r e e x p e c te d to a d d r e ss th e m e e tin g
398
are
THE
P r e sid e n t
P r e sid e n t o f
J.
B u rn s,
W oodrow
th e
W ils o n ,
A m e r ic a n
head
of
th e
and
C h a r le s
H .
H u ttig
B a n k e r s ’ A s s o c ia tio n .
p r o te c tiv e
se rv ic e
of
C H R O N IC L E
W illia m
th e
— E ugen e
P re sid e n t
F.
B u h le r
and
s p e c tiv e ly ,
and
C h a ir m a n
of
th e
Josep h
of
d e fu n c t
th e
H .
G o m ila ,
F in a n c e
T e u to n ia
&
C a n a d a B o n d B u ild in g .
C.
A . B o g e r t is G e n e r a l M a n a g e r .
fo r m e r ly
T ru st
E.
re
Co.
of
S c o tia
(h e a d
o ffic e , H a lifa x ).
The
th e
th e
in s titu t io n
nounced.
to
th e c h a r g e o f r e c e iv in g d e p o s its
w as
th e
know n
p a r is h
to
p riso n
bo
in s o lv e n t.
They
u n t i l s e n t e n c e is p r o
T h e b a n k w a s c lo s e d o n A p r i l 1 5 la s t .
r e s p e c tiv e
s to c k h o ld e r s
in
D ecem ber,
days
and
10%
10%
each
on
fo llo w in g
t o a c c e p t a s i m i l a r o n e in t h e S e c u r i t y T r u s t & S a v i n g s B a n k
S e p t. 2 5 an d O c t. 2 7 .
of
c a p it a l o f th o b a n k fr o m $ 2 ,5 0 0 ,0 0 0 to
— W i t h th e r e s ig n a t io n o f P . E . B o w le s a s P r e s id e n t o f th o
2 0 , A p r il 2 1 ,
to
M ay
d a te s:
2 2 , J u n o 2 3 , J u ly
Feb.
24,
17,
Aug. 25,
T h e n e w is s u o w ill in c r e a s e t h e p a i d - i n
$ 3 ,0 0 0 ,0 0 0 .
— D e c i d e d g r o w t h is r e f le c t e d i n t h o a n n u a l s t a t e m e n t o f
A m e r ic a n N a t i o n a l B a n k o f S a n F r a n c is c o a n d h is e le c tio n
th e
M e tr o p o lita n
to th o n e w ly c r e a te d p o s t o f C h a ir m a n o f th e B o a r d , G e o r g e
fo r
th e y e a r e n d in g
N . O ’B r ie n , w h o h a s b e e n c o n n e c te d w ith th e b a n k fo r th o
net
p r o fits
p a s t te n y e a r s , h a s b e e n a d v a n c e d to th o p r e s id e n c y .
1911.
M r.
ex p e cte d
o n a llo t m e n t o r w ith in th ir t y
th o
M arch
A n g e le s .
is
— S u b s c r ip t io n s to th e n e w 8 5 0 0 ,0 0 0 s t o c k o f th e Q u e b e c
N a t i o n a l B a n k o f D e s M o i n e s . I a . , h a s r e s i g n e d t h a t o f f ic e
Los
of
B a n k (h e a d o ffic e , M o n t r e a l ) , to w h ic h w o r e fe rre d D e c . 2 8 ,
a r e p a y a b le a s fo llo w s :
— A . M . R e y n o ld s , A s s is t a n t C a s h ie r o f th e D e s M o in e s
m erg e r o f th o B a n k
N e w B r u n s w ic k w ith th e B a n k o f N o v a S c o t ia , a p p r o v e d b y
g o in to e ffe c t th o p re se n t m o n t h .
w ere re m a n d e d
r e s p e c tiv e ly
a t S t . J o h n , h a v o b e e n o l e c t e d d ir e c t o r s o f t h e B a n k o f N o v a
C o u r t on th e 2 8 th
w hen
O s ie r is P r e s i d e n t a n d
Jam es M a n c h e ste r an d D r . W . W . W h ite ,
N e w O r l e a n s , L a . , w e r e f o u n d g u i l t y in t h e C r i m i n a l D i s t r i c t
u lt. o n
B .
P r e s id e n t a n d V ic e -P r e s id e n t o f th o B a n k o f N e w B r u n s w ic k
C o m m itte e ,
Bank
th e
A m e r ic a n
B a n k e r s A s s o c i a t i o n , it is t h o u g h t w ill a l s o t o b o p r e s e n t .
[Vol. XCVI.
Bank
of
C anada
D ec. 31
w ere $ 1 0 8 ,8 4 1 ,
(h e a d
1912.
as
o f f ic o
T o ro n to )
F o r th e tw o lv e m o n t h s
com pared
w ith
$ 1 5 3 ,3 5 0
fo r
D e p o s it s to ta l $ 1 0 ,0 1 8 ,4 3 0 , b e in g a g a in o f $ 1 ,2 9 2 ,6 7 9
O ’B r i e n b e c a m e a V i c e - P r e s i d e n t o f t h e i n s t i t u t i o n in 1 9 1 1 ,
over
h a v in g p r e v io u s ly se rv e d a s C a s h io r .
R o s s is G e n e r a l M a n a g e r , h a s a p a i d - u p c a p i t a l o f $ 1 , 0 0 0 , 0 0 0
h a s r e c e n tly
P r e sid e n t,
C a s h ie r ,
o ffic ia te d
w h il e
has
D .
as
C a s h ie r ,
B .
becom o
F u lle r ,
C a s h ie r .
R u s s e ll L o w r y , w h o
has
been
m ade
h e r e to fo r e
F ra n c is
an
a
V ic e
A s s is ta n t
C u ttin g
has
been
and
th e
a
p r e v io u s
year.
resorvo fu n d
— Tho
Canada
The
in s t it u t io n ,
of
w h ic h
W . D .
o f $ 1 ,2 5 0 ,0 0 0 .
s to c k h o ld e r s
o f th e
La Banquo
I n t e r n a tio n a le
( h e a d o f f i c o , M o n t r e a l ) w ill h o l d a s p e c ia l
du
m e e tin g
r e -e le c te d a V ic e -P r e s id e n t a n d I r v in g I I . S a n b o r n c o n tin u e s
o n M a r c h 1 9 t o a c t o n t h o a g r e e m e n t f o r t h o s a lo o f i t s a s s e t s
a s A s s is t a n t C a s h ie r .
to th e H o m e B a n k o f C a n a d a (h e a d o ffic o ,
T o ro n to ).
c o n t e m p l a t e d p r o c e e d i n g s w e r e o u t l i n e d in
of Jan. 25.
th e “ C h r o n ic le ”
— M . R . C la r k e h a s b e c o m o a n a d d it io n a l A s s is t a n t C a s h ie r
o f th o F ir s t F e d e r a l T r u s t C o . o f S a n F r a n c is c o .
— E . F . J o rd a n h a s re sig n e d as C a s h ie r o f th e M a r in o T r u s t
& S a v in g s B a n k o f S a n F r a n c isc o a n d h a s b o o n su c c e ed ed b y
J.
L.
S h arp ,
fo r m e r ly
A s s is ta n t
C a s h ie r .
W .
II.
Thom as
t a k e s M r . S h a r p ’ s p la c e a s A s s i s t a n t C a s h i e r .
— P re p a ra to ry
to
th o
p u rch aso
of
th o
b u s in e s s
N a tio n a l B a n k o f C o m m e r c o o f L o s A n g e le s
of
th e
(c a p ita l $ 2 0 0 ,
0 0 0 ) b y th e H o m e S a v in g s B a n k o f t h a t c i t y , th e s to c k h o ld e r s
o f t h e l a s t - n a m e d i n s t i t u t i o n o n J a n . 11 r a t if ie d p l a n s t o in
c r e a s e t h o c a p i t a l o f t h o ir b a n k f r o m
$ 4 0 0 ,0 0 0 to $ 6 0 0 ,0 0 0 .
TRADE
AND
T R A F F IC
M OVEM ENTS.
COPPER
P R O D U C T IO N
A N D
C O N S U M P T I O N .—
T h o s t a te m e n t o f th e C o p p e r P r o d u c e r s ’ A s s o c ia tio n fo r th o
m o n t h o f J a n u a r y , is s u e d y e s t e r d a y , r o p o r t s t h e p r o d u c t i o n
a s 1 4 3 , 4 7 9 , 6 2 5 l b s . , a n in c r e a s e o f 2 4 , 1 4 1 , 8 7 2 l b s . o v e r t h o
c o r r e s p o n d i n g m o n t h la s t y e a r .
U n s o ld s to c k s o n h a n d in
c r e a s e d 1 7 , 8 8 5 , 7 5 0 l b s . d u r in g t h o m o n t h .
B e lo w w o c o m
p a r e th e v a r io u s it e m s fo r th o tw o y e a r s .
W o a ls o a d d fig
u res s h o w in g th o E u r o p e a n v is ib lo s u p p ly .
T h is d ecrea sed
4 ,8 4 0 ,6 4 0 lb s . d u r in g th o m o n t h .
January-
T h o s a lo o f t h o a s s e t s o f t h o N a t i o n a l B a n k o f C o m m e r c e w a s
a u th o riz e d
by
th e
la tte r ’s
s to c k h o ld e r s
on
Jan.
14
a li q u i d a t i i i g c o m m i t t e e w a s e le c t e d t o c o n d u c t t h e
tio n .
and
liq u id a
T h o N a t io n a l B a n k o f C o m m e r c e h a s d e p o sits o f o v e r
$ 1 ,0 0 0 ,0 0 0 .
I t s o f f ic e s w ill b e o p e r a t e d a s a b r a n c h o f t h e
Stocks boginning period................ ........................lb s. 1 0 5 .3 1 2 , '5 8 2
P roduction ..............................
1 4 3 ,4 7 9 , 6 2 5
s to c k h o ld e r s
o f th o
C o m m e r c ia l
N a tio n a l
B a n k of
L o s A n g e l e s o n J a n . 1 4 a p p r o v e d p la n s f o r in c r e a s in g t h e c a p i
ta l fr o m $ 2 0 0 ,0 0 0 to $ 3 0 0 ,0 0 0 .
R . S . H e a to n , w h o h a d been
A s s i s t a n t C a s h i e r o f t h e b a n k , h a s b e e n e le c t e d
C a s h ie r to
su c c e e d N o w m a n E s s ic k , r e sig n e d .
— J.
L.
S e a ttle ,
M cL ean ,
W a s h .,
A s s is ta n t
w as
o le c te d
T reasu rer
C a s h ie r
of
of
th e
th o
C ity
N a tio n a l
B a n k o f t h a t c it y o n th o 2 5 t h u l t ., to s u c c e e d J o h n K .
of
C ity
B u sh ,
r e sig n e d .
— G . W . P e d d y c o r d , C a s h ie r o f th e S p o k a n e S ta t e B a n k o f
S p o k a n e , W a s h . , h a s b e e n e le c t e d V i c e - P r e s i d e n t o f t h o in
s tit u t io n to su c c e ed H . A . S te in k o .
O . W . T u p p e r succeed s
M r . P e d d y c o r d a s C a s h i e r , a n d in a d d i t i o n h a s b e e n e le c t e d
a
d ir e c to r .
— The
Bank
y e a r’s
of
th e
to
D ec.
Canada
(h e a d
oi
e x c e p tio n a l
o v id e n c e
by
record
th o
b a n k in g
sta te m e n t
o ffic o
in s titu t io n s
to ta l
a sse ts
of
on
D ec.
31
1910.
n o n -in t e r e s t -b e a r in g )
1912
of
T o ro n to ),
Canada.
on D e c . 3 0
The
d u r in g
d e p o sits
th o
$ 5 3 ,5 4 7 ,8 6 5 to $ 5 9 ,3 4 2 ,4 3 6 .
th o
D o m in io n
g iv e s
d e v e lo p m e n t
In
$ 7 9 ,2 2 4 ,6 8 0
c o m p a r e d Avith $ 7 0 , 1 7 9 , 5 5 3
821
of
31
are
fu rth e r
e x p e rie n c e d
th e
6 2 ,3 4 3 , 9 0 1
6 0 ,83 08 ,31, 8
64
7 ,59 0 4
1 2 5 ,5 9 3 , 8 7 5
1 4 2 ,5 1 1 , 8 0 5
Stocks end o f period_______ _____________________-112233,,119988, ,333322
European visiblo supply—
Beginning period...................... ..................... ..........- 99 00 ,,44 77 11 ,, 33 66 00
E n d o t p e rio d -............................. — .........................- 88 55 ,,66 33 00 .. 77 22 00
1 2 8 ,3 1 3 , 9 2 0
1 2 4 ,4 7 6 , 8 0 0
year
in c r e a se d
fro m
A n n o u n c e m e n t Avas m a d o a t t h e
s t o c k , r a is in g t h e p a i d - u p c a p i t a l f r o m $ 5 , 0 0 0 , 0 0 0 t o $ 6 , 0 0 0 ,
T h o p r o p o s e d s t o c k w ill b e is s u e d
record
Feb.
15
at
a
p r e m iu m
c a p i t a l o f t h o b a n k is $ 1 0 , 0 0 0 , 0 0 0 .
$ 6 ,0 0 0 ,0 0 0 .
The
board of
a n n u a l m e e tin g fr o m
d ir e c t o r s
b o in g
E.
of
to
100.
s h a r e h o ld e r s o f
Tho
a u th o riz e d
T h e R o s t F u n d sta n d s a t
d ir e c t o r s
w as
in c r e a s e d
at
th e
n i n e t o e l e v e n m e m b e r s , t h e tAvo n e w
W .
Ila m b e r ,
f o r m e r ly
M anager
o f th e
L o n d o n , E n g ., b ra n c h o f th o b a n k , a n d I I . W . H u tc h in s o n ,
o f th e W in n ip e g b ra n ch o f th e J o h n
D e e r e P I oav C o .
The
b a n k h a s p e r f e c t e d p l a n s f o r t h e e r e c t i o n o f a neAv t e n - s t o r y
b u ild in g
fo r
its m a in
o f f ic o
at
K in g
and
Yonge
stre e ts,
T o r o n t o , a n d Avork o n t h o neAv s t r u c t u r e w ill b e u n d e r t a k e n in
t h e .s p r i n g .
D u r i n g th e c o n s tr u c tio n o f th o b u ild in g th e b a n k
Avill o c c u p y t e m p o r a r y q u a r t e r s n o w b e i n g f i t t e d u p f o r i t in
6 6 ,2 8 0 , 6 4 3
1913.
2 2 1 ,7 0 6
1912.
1 ,1 8 6 ,5 3 4
1 ,0 2 0 , 4 4 7
7 6 0 ,0 3 5
7 9 1 ,6 9 8
5 6 7 ,2 7 9
5 4 2 ,8 1 9
6 8 2 ,8 4 5
2 1 2 ,0 3 9
T otal __________ ____________________ ----------------- 6 .3 3 6 , 4 1 9
5 ,7 6 3 , 6 9 6
9 2 2 ,0 9 9
C a n a d i a n B a n k C l e a r i n g s . — T h o c le a r i n g s o f t h o C a n a
d ia n b a n k s f o r t h e m o n t h o f J a n u a r y 1 9 1 3 s Iioav a n iric re a so
o v e r th e sa m e m o n th o f 1 9 1 2 o f 1 7 .1 % .
January.
Clearings at—
Inc. or
Dec.
and
a n n u a l m e e tin g o f th o in te n tio n to p u t o u t $ 1 ,0 0 0 ,0 0 0 o f n o w
000.
Road—•
Philadelphia & B eading.
Lehigh Valley_____
Jersey C entral______
Delaware Lackawanna & Western
....................
Delaware & H udson____
Pennsylvania
____
__ . .
Erie ___________________________________
N ow Y ork Ontario & AVcstern________ ................
19 1 1 a n d $ 6 2 ,6 7 7 ,
( i n t e r e s t -b e a r i n g
p ast
as
2 0 8 ,7 9 2 , 4 4 8
A N T H R A C I T E C O A L P R O D U C T I O N .— T h o sh ip m e n ts
o f a n t h r a c i t e c o a l d u r i n g t h e m o n t h o f J a n u a r y Avero 6 , 3 3 6 ,
4 1 9 t o n s , a g a i n s t 5 , i 6 3 , 6 9 6 t o n s i n t h o s a m e m o n t h la s t y e a r .
I n t h e f o l l o w i n g avo s h o w t h e s h i p m e n t s b y t h e v a r io u s c a r
r ie r s f o r J a n u a r y 1 9 1 3 a n d 1 9 1 2 :
neAvest
show n,
1912.
8 9 ,4 5 4 , 6 9 5
1 1 9 ,3 3 7 , 7 5 3
T otal supply___________________________________- 2 4 8 ,7 9 2 , 2 0 7
Deliveries for—
Dom estic consum ption________________________- 6 5 ,2 1 0 , 0 3 0
E xports_____________________________
. 6 0 ,3 8 3 , 8 4 5
H o m o S a v in g s B a n k .
— Tho
Tho
Montreal ..........
Toronto ______
AVlnnlpeg______
Vancouver..........
Ottawa_______
Calgary.............
Quebec...............
Hamilton______
A'lctorla ______
Edmonton.........
Halifax_______
St. John_______
London _______
Regina _______
Saskatoon_____
Moose Jaw____
I.ethbrldgo____
Fort William___
Brandon ______
Brantford.........
New Westminster
Total Canada.
2 4 7 ,9 1 2 ,1 0 2
1 9 0 ,7 6 1 ,4 3 6
1 3 4 ,9 9 3 ,4 5 2
5 2 ,4 3 1 ,3 2 7
1 9 ,2 9 2 ,0 7 3
2 1 ,6 8 0 ,9 9 0
1 3 ,5 7 0 ,5 8 3
1 5 ,9 3 0 ,3 0 4
1 5 ,9 8 7 ,5 0 7
1 8 ,3 9 4 ,7 2 2
9 ,3 2 2 ,5 7 8
8 ,3 8 3 ,3 9 1
8 ,3 8 7 ,0 3 7
1 1 ,8 0 0 ,0 0 0
9 ,0 9 6 ,0 6 7
5 ,9 9 6 ,7 0 0
2 ,4 0 9 ,7 9 4
3 ,0 0 9 ,3 5 1
3 ,0 2 5 ,8 1 4
2 ,8 9 1 ,0 9 8
8 0 1 ,9 4 8 ,3 3 2
S
2 0 7 ,2 1 0 ,5 4 9
1 7 5 ,0 1 9 ,9 9 0
1 1 0 ,9 9 3 ,5 0 0
4 8 ,3 7 1 ,2 2 0
2 2 ,0 2 8 ,0 4 8
1 8 ,5 9 9 ,4 2 8
1 1 ,0 3 1 ,9 0 4
1 2 ,0 7 0 ,9 2 2
1 1 ,9 0 2 ,5 1 9
1 4 ,3 2 8 ,4 8 0
8 ,7 4 7 ,9 4 7 ,
0 ,9 1 8 ,2 0 9
6 ,9 0 4 ,5 4 0
7 ,8 0 0 ,8 4 2
7 ,0 1 0 ,0 8 4
3 ,9 7 9 ,9 0 0
2 ,0 0 9 ,0 2 5
2 ,4 2 5 ,2 5 0
2 ,4 9 8 ,2 5 7 1
3 , 1 7 8 ,8 0 5
+ 1 4 .8
+ 1 2 .4
+ 2 1 .0
+ 8 .4
— 1 2 .4
+ 1 0 .0
+ 1 0 .7
+_____
2 5 .8
+ 3 4 .3
+ 2 8 .4
+ 0 .0
+ 2 1 .2
+ 2 1 .6
+ 5 0 .1
+ 2 9 .8
+ 5 0 .7
— 7 .5
+-------4 8 .8
+ 2 1 .1
— 9 .0
Not Included In total
0 8 4 ,9 5 5 ,5 0 9 ,
1911.
%
+
1 7 .1
1 7 5 ,0 3 0 ,0 0 8
1 4 4 ,7 1 0 ,3 2 5
7 0 ,0 1 9 ,5 9 7
3 8 ,9 5 3 ,2 8 9
1 6 ,0 8 7 ,2 4 9
1 3 ,0 3 3 ,8 4 8
9 .8 3 3 .7 0 9
9 , 1 2 4 ,0 5 2
9 .0 1 3 .7 1 0
7 ,0 2 9 ,0 1 9
7 ,4 3 5 ,1 4 8
0 ,4 1 2 ,7 8 3
0 ,5 4 2 ,8 5 9
4 , 1 8 9 ,5 2 7
3 ,3 2 1 ,0 4 6
s
1 7 4 , 1 5 4 ,0 8 9
1 3 4 ,5 7 1 ,4 5 7
6 9 ,7 0 3 ,1 4 4
2 9 ,2 7 4 ,5 3 0
1 5 ,8 1 3 ,5 9 4
9 ,4 4 7 ,7 8 8
9 ,9 1 5 ,2 9 8
7 .9 3 0 .7 0 7
7 .3 9 0 .7 0 7
5 ,2 4 3 ,1 0 0
8 ,9 9 3 ,0 5 7
0 ,4 0 3 ,5 7 7
5 ,7 8 6 ,8 0 8
3 ,5 1 1 ,2 0 8
‘ V .’o iV .ali
2 , 1 1 1 ,2 4 3
2 , 1 9 0 ,0 0 9
6 3 4 ,2 5 9 ,0 1 0
4 8 8 ,2 2 9 ,2 4 4
r*1
T h e c le a r i n g s f o r t h o w e e k e n d i n g F e b . 1 a t
C a n a d ia n
c i t i e s , in c o m p a r i s o n Avith t h o s a m o Aveok o f 1 9 1 2 , s h o w a n
in c r e a s e in t h o a g g r e g a t e o f 1 0 . 7 % ,
F eb . 8 1913 ]
THE CHRONICLE
Week ending February 1.
Clearings at—
1913.
Montreal --------Toronto ---------Winnipeg............
Vancouver--------Ottawa ..............
Calgary . ............
Quebec................
Hamilton---------Victoria ---------Edmonton--------Halifax-----------St. John________
London ________
Regina -----------Moose Jaw____
Fort William___
Brantford_____
New Westminster
Total Canada.
Inc. or
Dec.
1912.
S
$
50,452,097
42,022,294
39,904,831
37,812,191
25,097,297
22,900,178
10.151.10S
10,202,037
3,533,501
4,224,930
4,171,452
4,133,910
2,705,033
2,407,498
3,012,299
2,708,044
3,450,533
2,807,905
3,744,908
3,193,477
1,733,350
1,930,181
1,021,702
1,513,195
1,304,929
1,110,040
1,925,349
1,050,830
1,792,700
1,074,808
1,120,582
703,180
502,175
547,001
792,727
500,187
581,992
471,033
008,943
47+520
395,309 Not Included
159,047,700
143,723,171
P a c ific a n d O th e r W e s te r n
f r o m fir s t p a g e .
1910.
1911.
%
+ 18.4
+ 5.7
+ 12.2
— 0.5
— 10.4
+ 0.9
+ 12.1
+ 11.2
+ 22.9
+ 17.2
— 10’5
+ 7.1
+ 22.2
+ 10.7
+ 70
+ 47.1
+ 2.7
+ 58.5
+ 23.4
+ 29.1
In total
S
40,087,297
33,000,000
15,980,400
8,514,118
3,170,941
2,531,317
2,191,509
2,107,559
2,090,221
1,332,785
1,454,900
1,409,491
1,189,818
1,039,482
1,098,595
+ 10.7
118,001,057,
351,471
S
33,131,807
30,707,779
14,592,301
0,020,054
3,780,502
2,083,588
2,273,315
1,735,857
1,072,391
1,124,279
1,912,902
1,333,321
1,191,592
095,249
.................
San Francisco............. .
Los Angeles................
Seattle_______ _____ _
Portland ....................
Salt Lako City.............
Spokane ____________
Tacoma................ ......
Oakland-----------------Sacramento------------San Olego................ .
Stockton ---------------Fresno-........- .............
Pasadena...................
San Joso.................. .
Boise ______________
North Yakima_______
Ogden.................. ......
Reno----------------------
469 [370
102,900,057
1912.
Inc. or
Dec.
%
+ 8.7
+ 20.2
+ 9.8
+ 12.4
— 14.4
— 1.2
—39.0
—0.8
+ 30.4
+ 30.3
+ 14.8
+ 30.5
+ 6.4
+ 0.02
+ 0.1
+ 7.6
+ 19.3
—0.7
1911.
1910.
8
198,710,300
73,775,343
42,280,493
41,343,303
29,854,425
18,549,028
18,176,553
10,020,985
0,274,703
0,084,914
2,800,499
3,045,597
3,549,090
2,071,200
4,020,041
1,871,144
2,351,905
924,003
S
190,095,574
01,770,089
49,744,217
38,055,581
29,981,005
19,404,203
24,133,281
9,030,722
4,994,783
4,880,537
2,184,621
2,907,413
3,415,482
2,124,419
2,018,0S5
1,800,723
1,058,180
Total Pacific...........
580,701,119 538,030,604
+ 7.9 472,322,900 450,007,575
255,240,300 229,012,983
117,118,102 85,099,581
70,383,521 68,200,943
43,937,841 43,587,752
41,711,401 42,314,391
36,972,594 30,091,205
20,838,085 18,191,411
15,544,727 15,110,547
19,731,402 13,150,072
13,553,484 10,631,314
7,907,699 7,192,728
7,301,729 7,215,644
7,972,392 7,401,072
7,175,032 5,515,913
6,587,202 4,984,448
4,346,300 3,923,518'
3,177,727 2,054,350
2,924,170 2,814,571
3,381,914 3,015,200
2,122,718 3,274,814
3,830,507 3,121,379
1,300,000 1,228,293
1,305,349 1,329,702
1,705,080 1,243,932
875,740
730,087
+ 11.5 237,481,885 210,900,307
+ 30.7 85,084,405 90,859,099
+ 13.4 61,439,309 08,044,009
+ 0.8 45,141,784 42,794,402
— 1.4 40,373,217 41,430,789
+ 2.4 32,287,830 31,580,840
+ 14.0 15,944,935 10,298,500
+ 2.8 13,020,187 11,070,099
+ 50.0 11,413,720 15,582,000
+ 27.5 10,634,103 10,818,439
+ 10.8 0,050,888 0,931,236
+ 2.0 7,080,370 6,.805,405
+ 7.7 7,124,117 5,545,482
+ 30.1 5,911,859 5,871,172
+ 32.2 4,721,170 3,083,748
+10.8 4,107,542 4,085,709
+ 54.0 4,143,697 3,879,923
+ 4.0 2,833,971 3,338,301
+ 12.1 2,985,401 3,030,774
—35.2 2,897,140 3,985,955
+ 22.9 2,085,228
+ 5.8 1,477,810 1,787,015
+ 2.7 1,285,055 1,790,182
+ 42.0
779,700
531,027
+ 19.9
835,580
482,302
703,227,214 017,108,440 + 12.3 608,164,902 603,509,020
San Francisco..................
Los Angeles....................
Seattle.... .........................
Portland _____________
Salt Lake City_________
Spokano ______________
Tacoma_______________
Oakland............
Sacramento__
San Diego________
Stockton _______
Fresno____________
Pasadena........................
San Jose____________
North Yakima.......... ..
Reno................................
1912.
Inc. or
Dec.
1911.
1910.
$
S
S
8
%
+ 4.3 42,409,132 44,850,032
50,218,433 48,147,940
22,843,882 19,442,485 + 17.5 16,497,940 15,398,091
10,523,018 9,176,897 + 14.7 8,706,107 10,473,310
+ 1.9 8,154,544 8,733,000
10,000,000 9,815,849
0,370,105 0,482,504 — 1.7 4,751,395 0,501,644
3,720,174
4,000,403
3,527,520 3,881,030 — 9.1
2,231,628 3,970,013 — 43.9 4,172,584 5,010,078
3,434,716 3,904,110 — 12.0 3,070,363 3,283,058
1,181,599
1,493,001
1,300,707 + 14.3
1,500,153
2,502,393 2,100,000 + 19.2
1,100,000
1,397,905
700,388
719,875 — 2.8
509,216
482,689
897,090
750,000 + 19.7
020,199
597,188
935,304
1,000,975
+ 7.0
800,000
756,378
595,000
000,000 — 0.8
474,901
521,562
279,707
328,900 — 14.9
407,550
450,000
259,000
200,000 — 0.4
250,950
320,254
Total Pacific.............. 110,883,522 111,827,586
+ 4.5 97,553,090 105,062,137
Kansas City.................... 53,943,218 51,889,435
+ 4.0 51,188,391 48,345,580
Minneapolis --------------- 22,404,132 18,940,715 + 18.3 18,009,088 2+086,704
Omaha............................ 10,002,039 15,604,920
+ 2.5 11,177,075 15,070,749
9,303,278 9,882,583 — 5.8 9,202,295 9.050.275
St. Paul............................
8,048,550 9,004,439 — 4.0 8.755,202 9,860,696
Denver............ ...............
7,563,897 7,451,207
St. Joseph........................
+ 1.5 0,471,111
6,529,184
4,364,908 4,126,001
Das Moines----------------+ 5.8 3,821,185 3,781,045
3,596,314 3,308,029
+ 6.8 3,334,750 2i734j)84
Wichita............................
3,341,492 2,582,725 + 29.4 2,377,182 3,151,799
Duluth............................
2,774,077 2,231,270 + 24.3 2,371,742 2,655^508
Sioux City____ _____ _
1,773,520
1,041,027
Lincoln............................
+ 8.0
1,423,500
1,593,592
1,750,000 1,800,759
2.8
Davenport.................. .
1,701,404
1,912,990
1,254,764 1,000,025 — 21.0
Topeka................ ...........
1,3.86,030 1,310,358
1,574,441
1,045,300 + 50.0
Cedar Rapids..................
1,191,800 1,512,913
Waterloo________
1,203,929 1,200,0001 +0.3
1,051,151
807,170
Helena . . . . .
803,970 + 17.5
944,925
785,209
870,048
Colorado Springs.
GOO,000
012,000
+ 2.0
040,000
720,524
Pueblo___________
677,099 — 11.8
597,222
050,072
597,700
Fargo------------ ------------014,394 — 39.1
374,044
032,225
724,437
Abordccn----------------23
4,850
+ 2.2
240,000
362,044
285,000
Fremont-------------------358,479 — 21.7
280,83(1
312,409
420,470
Billings----------------------219,401 + 73.4
380,041
119.079
212,000
Hastings -------------------201,908 — 0.0
200,776
181,527
120,000
Total other Western.. 143,129.009 136,079,400 + 5.2 133,410,729 132,922,990
$1,5$4,938,847
134,067,791
122,975,452
31,288,650
235,875,345
07,034,871
19,828,498
+ 11.9
+ 19.8
+ 18.9
+ 19.9
+ 18.1
+ 4.4
— 15.7
Seven cities, 5 days___ __
Other cities, 5 days...............
$2,462,042,592
558,624,918
$2,176,609,454
532,479,808
+ 13.1
+ 5.0
Total all cities, 5 days__ _
All cities, 1 day____________
$3,020,667,510
556,217,243
$2,709,089,322
514,758,525
+ 11.5
+ 8.1
$3,576,884,753
$3,223,847,847
+ 10.9
O u r u s u a l m o n t h l y d e ta ile d s t a t e m e n t o f tr a n s a c tio n s o n
t h e N e w Y o r k S t o c k E x c h a n g e is a p p e n d e d .
T h e r e s u lts
f o r t h e m o n t h o f J a n u a r y in 1 9 1 3 a n d 1 9 1 2 a r e g i v e n b e l o w :
Stocks/Shs
IVal
RR. bonds
Gov’t bds.
State bonds
Bank stks.
Total__
January 1913.
Par Value
or Quantity.
January 1912.
1
Actual
Value.
Aver.i Par Value,
Price. or Quantity.
Actual
Value.
Aver.
Price.
8,748,973
$809,787,850
52,526,500
121,500
2,255,500
14,900
$800,879,464 98.9
51,580,270 98.2
125,849 103.0
2,075,744 92.0
29,412 197.4
$864,706,250
$854,090,739 98.8 $1,084,745,725 $1,067,102,863 98.4
10,900,138
$970,870,425
110,566,500
132,000
3,135,500
35,300
$958,417,280' 98.7
105,417,618; 95.3
137,426 104.1
3,043,193! 97.1
87,340j247.4
T h e v o l u m e o f t r a n s a c t i o n s in s h a r e p r o p e r t i e s o n t h e
N o w Y o r k S t o c k E x c h a n g e e a c h m o n t h s in c e J u l y 1 in
1 9 1 2 - 1 3 a n d 1 9 1 1 - 1 2 is i n d i c a t e d in t h e f o l l o w i n g :
SALES OF STOCKS AT THE NEW YORK STOCK EXCHANGE.
1911.
1912.
th .
Number
Number
of
Shares.
Values.
Shares, j
July 7,158,324
Aug. 8,952,358
Sept. 10,107,204
Par.
| Actual.
s
654,771,350
811,491,750
911,341,200
Values.
1
Par.
Actual.
g
s
s
620,416,209 5,476,559 503,137,200 486,492,746
790,410,208 14,994,533 1,371,600,250 1,308,437,416
887,403,294 17,395,957 1,594,873,875 1,401,457,498
3d qr 20,217,886 2,378,004,300 2,298,295,711 37,867,049|.3,469,617,425 3,106,387,060
Oct . 14,106,896 1,207,950,250 1,234,014,207 10,936,901 1,003,848,325 942,988,876
Nov 8,725,317 786,689,400 769,948,92814,919,486 1,352,048,150 1,349,488,964
Dec. 12,631,786 1,143,650,575 1,114,942,108 9,055,883 827,370,950 794,216,408
4thqr 35,523,999 3,198,290,225 3,118,905,243 34,912,270 3,183,267,425 3,086,694,248
Jan . 8,743,973
809*.787,850
790,879,464 10,906,138
970,870,425
958,417,286
T h r f o l l o w i n g c o m p i l a t i o n c o v e r s t h e c le a r i n g s b y m o n t h s
s in c e J u l y 1 1 9 1 2 a n d 1 9 1 1 .
MONTHLY
CLEARINGS.
Clearings, Total All.
Month
1912.
1911. ,
____
Clearings Outside New York.
%
1912.
1911.
%
$
1
$
S
S
July.. 14,015,610,065 13,009,255,474 + 7.2 6,094,527,836 5,553,439,060 + 9.7
Aug . . 13,283,948,548 12,662,586,630 + 4.9 5,797,664,9.88 5,278,444,426 + 9.8
Sept.. 13,168,474,980 12,606,056,411 + 4.5 5,735,039,104 5,421,079,267 + 5.8
3d qr. 40,468,033,599 38,337,898,525 + 5.0 17,627,831,988' 10,252,962,753 + 8.5
Oct . . 17,249,375,879 13,568,107,327 + 27.1 7,110,377,264 6,057,903,437 + 17.4
Week ending February 1.
1913.
Baltimore________
Chicago......... ...................
St. I.OU13_______ .
New Orleans_________
$1,751,513,040
161,444,040
140,217,750
37,520,445
278,637,917
09,992,279
16,716,521
Descrip
tion.
S
$
241,737,141 222,320,255
111,587,303 92,805,727
50,143,225 45,055,093
49,271,242 43,841,289
31,090,118 37,013,440
18,373,329 18.592,427
11,211,193 18,540,140
17,142,409 18,384,928
9,153,909 7,017,207
13,231,353 9,710.700
3,911,199 3,400,250
5,015,011 3,095,742
4,740,979 4,462,442
3,148,823 3,148,100
4,300,000 4,051,572
1,037,557 1,522,590
3,233,020 2,710,883
1,137,152 1,145,687
Clearings at—
New York________________________
Boston . . _____
Per
Cent.
1912.
1913.
'
Kansas City................
Minneapolis ..............
Omaha.......................
St. Paul.................... .
Denver.......................
St. Joseph____ ____ _
Dos Moines.... .......... .
Wichita.................... .
Duluth........... .......... .
Sioux City..................
Lincoln............. ..........
Davenport____ _____
Topeka.............- ........
Cedar Rapids________
Waterloo...................
Helena_____________
Sioux Falls__________
Colorado Springs_____
Pueblo.........................
Fargo.........................
Joplin .........................
Aberdeen___________
Fremont.................... .
Hillings.......................
Hastings .................. .
Total other Western
Clearings—Returns by Telegraph.
Week ending Feb. 8.
Total all cities for week. _____
Month of January.
1913.
C le a r in g s b y T e le g r a p h — S a le s o f S to c k s , B o n d s , & c .
— T h e s u b j o i n e d t a b l e , c o v e r i n g c le a r i n g s f o r t h e c u r r e n t w e e k
u s u a lly a p p e a r s o n th e fir s t p a g e o f e a c h is s u e , b u t o n a c c o u n t
o f t h e l e n g t h o f t h e o t h e r t a b l e s is c r o w d e d o u t o n c e a m o n t h .
T h e f ig u r e s a r e r e c e i v e d b y t e l e g r a p h f r o m o t h e r l e a d i n g c i t i e s :
C l e a r i n g s b r o u g h t fo rw a rd
Clearings at—
399
Nov . 15,459,116,142 14,101,120,S98 + 9.0 0,639,279,715 0,027,245,205 + 10.1
Dec . . 15,455,139,949,14,225,492,061 + 8.6 6,646,417,932 6,113,080,973 + 8.7
4th qr. 48,163,631,97041,894.720,286 + 15.0 20,390,074,911 18,198,829,615 + 12.1
1913.
1912.
Jan . . 16,308,754,558 15,179,944,494
1913.
1912.
+ 7.4 6,970,013,352 0,344,362,955 + 9.9
T h e c o u r s e o f b a n k c le a r i n g s a t l e a d i n g c it i e s o f t h e c o u n t r y
f o r t h e m o n t h o f J a n u a r y i n e a c h o f t h e l a s t e i g h t y e a r s is
s h o w n in th e s u b jo in e d s t a t e m e n t .
BANK CLEARINGS AT LEADING CITIES IN JANUARY.
1913. 1912. 1911. 1910. 1909. 1908. 1907. 1906.
(000,0004
o m i it e d .)
S
$
S
S
$
$
$
S
New York____ _____ . . 9,339 8,836 8,530 11,249 8,884 6,750 9,038 11,238
987
948 1,010
Chicago...................... . . 1,412 1,253 1,140 1,161 1,123
843
905
843
824
685
823
881
781
Boston____________ . .
712
674
574
716
528
663
698
.
.
790
Philadelphia________
283
290
272
347
313
298
396
353
St. Louis.... ......... . . .
242
251
199
220
181
223
217
260
Pittsburgh_________ . .
205
186
148
153
190
222
199
242
San Francisco............ . .
114
137
137
126
143
156
173
..
198
132
115
123
113
129
120
121
128
Cincinnati - .............. . .
189
148
139
115
217
237
229
Kansas C ity.-........ - . .
255
80
72
73
71
81
87
98
Cleveland--------...
119
86
93
83
97
71
79
80
117
Minneapolis............ - . .
98
118
85
92
108
100
111
103
New Orleans------------ . .
74
90
SI
56
58
62
57
..
112
62
65
67
06
04
02
72
50
Louisville — .......... - . .
61
08
68
40
45
..
76
51
57
41
40
39
40
39
42
33
33
Providence-------------- . .
44
59
01
70
54
50
49
47
Milwaukee. .............. . .
93
74
47
112
02
58
49
38
Los Angeles------------ . .
52
55
48
35
38
35
41
47
Buffalo........ ............. . .
44
44
32
41
41
38
45
42
St. P a u l................... . .
42
42
31
36
40
41
33
38
Denver........ ............. . .
33
42
40
37
30
42
39
39
Indianapolis ............ . .
40
20
31
39
32
27
37
Richmond--------------- . .
35
26
28
43
25
41
32
27
39
Memphis.................. - . .
38
33
31
50
35
46
42
50
Seattle.............. ......... . .
32
17
29
32
26
37
30
30
Salt Lake City--------- . .
17
17
17
24
16
21
22
19
Hartford .................. . .
T o ta l.......... ......... -.15,038 14,028 13,433 10,223 13,270 10,696 14,272 15,699
637
780
679
775
945
Other cities------------- . . . 1,271 1,152 1,055
Total all................ ...16,309 15,180 14,493 17,168 11.050 11,375 15,047 16,336
Outside New York... . . 6,970 6,344 5,963 5,919 5,160 4,625 6.409 5,098
400
THE CHRONICLE
gXoncta vi\j <gom m cv ci a 1 £ na>\xs It gXmus
E n g lis h F in a n c ia l M a r k e ts — P e r C a b le .
T h e d a ily c lo s in g q u o t a t io n s fo r s e c u r itie s , & c ., a t L o n d o n ,
a s r e p o r te d b y c a b le , h a v e b e e n a s fo llo w s th e p a s t w e e k :
‘
London,
Week ending Feb. 7.
Sat.
Mon.
Tues.
Wed.
Thurs.
Frt
Sliver, per oz........... ........ d. 28K
28 11-16 28 13-16 28 11-16 28V± 28 11-16
d Consols, 2)4 per cents.. — 75
d For account............... . . 75
d French Rentes (In Paris) -fr. 88.70
Amalgamated Copper Co. - 75)4
Am. Smelting & Refining Co. 70
b Anaconda Mining Co__ 7K
Atch. Topeka A Santa Fe. -106)4
Preferred____________ -104)4
Baltimore A Ohio.......... ..105
Preferred....... .............. -- 86)4
Canadian Pacific........... -2 4 7 X
Chesapeake A Ohio_____ - 80)4
Chicago Great Western__ - U>K
Chicago Milw. A St. Paul. ..117
Denver A Rio Grande___ . . 22
Preferred...................... . . 39 K
Erie.... ............................ - 32)4
First preferred_______ . . 49
Second preferred_____ . . 42
Great Northern, preferred -.132
Illinois Central_________ .C128
Louisville A Nashville___ ..143
Missouri Kansas A Texas. . . 28
Preferred_____ _____ _ . . 63 K
Missouri Pacific________ . . 43
Nat. RR. of Mcx., 1st pref. . 64
Second preferred.......... .. 25
N. Y. Cent. A Hud. Rtv_. ..112
N. Y. Ontario A Western. . . 32 K
Norfolk A Western_____ —113)4
Preferred____________ .. 91
Northern Pacific_______ ..122
a Pennsylvania................
a Reading Company____ .. 84)4
a First preferred......... - 46)4
a Second preferred____ - 4 7 K
Rock Island______ ____ - 24)4
Southern Pacific________ --1 U K
Southern Railway______ - 28 K
Preferred____________ .. 83
Union Pacific.................. .165
Preferred.................... . - 92 K
U. S. Steel Corporation__ .. 66)4
Preferred .................... . .c ll 2 K
Wabash ______________ 3)4
Preferred ___________ . . 13
Extended 4 s ................. . . 63
sterling.
Bfa Price per share, b £
flat prices.
75
74 15-16 74)4
74)4
74)4
75 3-l£ 75 K
75 1-16 74 15-16 74 13-16
88.80
88.87K 88.90
89.00
88.90
75 K
74 %
75)4
74)4
73)4
75)4
75K
75
74
74)4
7K
7K
7)4
7)4
7)4
106)4
106)4
106
106)4
106)4
104)4
104)4
104
104)4
104)4
105
105
105
104)4
104)4
87
87
87
86)4
86)4
246 K
244
244)4
246 K
246
80
80)4
79 K
79)4
80
16K
17
17
17
16)4
116)4
116)4
116)4
116)4
116)4
22
22
21)4
22
21)4
39)4
39
39 K
39 K
38 K
32)4
32)4
32
32
31K
49)4
50
49)4
49 K
49 K
42
41
40
40
41K
132
132
131)4
131)4
131)4
128
127
128
127 K
128
142 K
142)4
14214
142)4
141K
27)4
27)4
27)4
28 K
27)4
63)4
63)4
63)4
64
63)4
42
42
42)4
42 K
42)4
64
64
64
64
63)4
25
25
24)4
25
24)4
111)4
111
111
111)4
HI K
32)4
32 K
32)4
32 K
32)4
113)4
112)4
112
112)4
112)4
91
91
91
91
122 K
122 K
122 K
122
122)4
62)4
62)4
62
62
62)4
84)4
84)4
8414
84)4
84 K
46 K
46)4
46 K
46)4
46)4
47)4
47
47 K
47 K
23)4
24)4
24)4
25)4
24)4
109)4
109)4
107)4
108)4
108)4
27)4.
27)4
27)4
27)4
27)4
82
82
82
82)4
82)4
164
164)4
165
165)4
165)4
92)4
92)4
92)4
92 K
93
66 K
66)4
65)4
65)4
66)4
112)4
112)4
111)4
1H)4
111)4
4
4
4
3)4
4K
13
13)4
13
13
13)4
63
63
62 K
62 K
63
c Ex.dividend. d Quotations here given are
f c m e vctal an tl B it s ccl lane ous 1 1 au s
N a t i o n a l B a n k s .— T h e fo llo w in g in fo r m a t io n r e g a r d in g
n a t i o n a l b a n k s is f r o m t h e o f f i c e o f t h e C o m p t r o l l e r o f t h e
C u rre n c y , T rea su ry D e p a rtm e n t:
APPLICATION TO CONVERT APPROVED.
Tho Citizens’ Bank of Hinton, W. Va., into “ Tho Citizens’ National
Bank of Hinton.’ ’ Capital, $50,000.
CHARTERS ISSUED TO N ATION AL BANKS.
January 27.
10,310—Tho First National Bank of Des Plaines, 111. Capital, $50,000.
J. L. Jefferson, President; W. L. Blew, Cashier.
VOLUNTARY LIQU IDATION .
7.678— Tho Tobias National Bank, Tobias, N eb., Jan. 2 1913. Suc
ceeded by tho Tobias State Bank. Liquidating agents, E. D.
Ingham and C. E. Ingham, Tobias, Neb.
8,355— Tho First National Bank of Toyah, Tex., Dec. 10 1912. Consoli
dated with tho Citizens’ Stato Bank o f Toyah, Tex., which is
the liquidating agent.
8,535— The First National Bank o f Hawley, Tex., Jan. 25 1913. Liquidat
ing agents, E. W . Kidwell and Henry James, Hawley, Tex.
CHANGE OF CORPORATE TITLE .
8,734— Tho New Hibernia National Bank of Now Orleans, La., to "H i
bernia National Bank of New Orleans.”
3,276— Tho National Bank of Sturgis, M ich., to tho “ Sturgis National
Bank."
7,989— The National Bank o f Garland, Tex., to tho “ State National
Bank of Garland."
NOTE.
Tho change o f title of No. 4918, the National Bank o f Western Pennsyl
vania, at Pittsburgh, Pa., to “ Western National Bank of Pittsburgh,” re
ported in tho "Daily Bulletin” of Jan. 17 1913, is not to take effect until
M ay 17, when tho proper announcement will be made.
D IV ID E N D S .
T h e f o l l o w i n g s h o w s a l l t h e d i v i d e n d s a n n o u n c e d f o r th e
u t u r e b y la r g e o r i m p o r t a n t c o r p o r a t i o n s :
D ivid en d s a n n o u n c ed th is week are p rin ted in ita lics:
Name of Company.
Per
When
Cent. Payable.
Railroads (Steam).
Alabama Great Southern, prelerred_____
3
Atch. Topeka A Santa Fo, com. (quar.)__
1)4
Baltimore & Ohio, common____________
3
Preferred _________________________
2
Bellefonte Central (annual)_____ ______ 50c.
Boston A Maine, common (quar.)________
1
Preferred......................................... .....
3
Buffalo Roch. & Plttsb., com. & pref____
3
Chicago Mllwaukeo A St. Paul, common.. 2)4
Preferred ...................... ......... ............
3)4
Chic. St. Paul Minn. A Om., com. A pref. 3)4
Clevcland & Pittsburgh, rcg., guar, (quar.) 1)4
Special guaranteed (quar.).____ _____
1
Cripple Creek Central, com. (qu.) (No. 13) 1
Preferred (quar.) (No. 29)...................
1
Illinois Central (No. 116)........................
3)4
Loulsvlllo & Nashville_____ ___________
3)4
Minneap. St. P . A S. S. M ., com. and pref.
National Rys. of Mexico, 1st pref. (No. 11)
N. Y. Chicago A St. L., common (annual)
First and second prelerred___________
Norfolk A Western, common (quar.)........
Preferred (quar.)........................... .....
Oswego & Syracuse, guaranteed________
Pennsylvania (quar.)___________________
Reading Company, common (quar.)____
Reading Company, 1st pref. (quar.)_____
Romo Watertown & Ogdensb., guar, (qu.)
Southern Pacific (quar.) (No. 26).............
Utica Clinton & Binghamton__________ _
Street and Electric Railways.
American Railways, preferred (quar.)___
Binghamton Railway________ _ _
Boston Elevated Railway___ III III "I
Brazilian Trac., Light A Pow., Ltd. (qu.jl
Brockton A Pli/m. St. Ry., pref. (No. 8) . .
3K
2
4
2)4
1)4
1
4)4
75c.
2
1
IK
1)4
2
Bonks Closed.
Days Inclusive.
Feb. 24 Holders of reo. Feb. la
Mch. 1 Holders of rec. Jan.31a
Mar. 1 Holders of rec. Jan. 24a
Mar. 1 Holders of rec. Jan.24a
Feb. 15 Feb. 2 to Feb. 16
Apr. 1 Holders of rec. Mch. la
Mch. 1 Holders of rec. Feb.15a
Feb. 15 Holders of rec. Feb. 7a
Mch. 3 Holders of rec. Feb. 6a
Mch. 3 Holders of rec. Feb. 6a
Feb. 20 Holders of rec. Feb. 3a
Mch. 1 Holders of rcc. Feb.10a
Mch. 1 Holders of rec. Feb.10a
Mch. 1 Holders of rec. Feb.17a
Mch. 1 Holders of rec. Feb.17a
Mch. 1 Holders of rec. Feb.10a
Feb. 10 Jan. 21 to Feb. 9
Apr. 15 Holders of rec. Mch. 20
Feb. 10 Holders of warr’t No. 11
Mch 1 Holders of rec. Jan.31a
Mch. 1 Holders of rec. Jan.31a
Mch. 19 Holders of rec. Feb.28a
Feb. 19 Holders of rcc. Jan.31a
Feb. 20 Holders of rec. Feo.lOa
Feb. 28 Holders of rec. Feb. 5
Feb. 13 Holders of rec. Jan.27a
Mch. 13 Holders of rec. Feb.25a
Feb. 15 Holders of rcc. Jan.31a
April 1 Holders of rec. Mar. 1
Feb. 10 Feb. 1 to Feb. 9
1)4 Feb. 15 Holders of rcc.
2
leo. 13 Holders of rec.
3
Feb. 15 Holders of rec.
1)4 Feb. 20 FeD. 1 to
3
Mch. 15 Holders of rec.
Jan.31a
Feb. 1
Feb. la
Feb. 4
Mch. la
[ V o l . XCVI
Per
When
Cent. Payable
Name of Company.
Books Closed.
Days Inclusive.
1
May
Holders of rcc. Apr.10a
Mch.
Holders of rec. Fob. 14
Mch.
Feb. 16 to Feb. 28
Mch. 1( Holders of rcc. Feb.20a
Mch. If Holders of rec. Feb.20a
Feb. 15 Feb. 2 to Feb. 15
Mch. : Holders of rec. Feb.15a
Mch. : Holders of rec. Feb. 15a
Feb. 15 Holders of rec. Jan.31a
Mch. ] Holders of rec. Feb.10a
Mch. 1 Holders of rec. Feb.12a
Feb. 15 Holders of rec. Feb. la
April 1 Holders of rec. Mch.11a
Mechanics A• Metals National (quar.)___
3
Feb. !l Holders of rcc. Feb.
Amalgamated Copper (quar.).............. .
Amer. Bank Note, common (quar.)_____
Amer. Graphophone, pref. (qu.) (No. 59).
1)4
1)4
1)4
1
2
2
lOe
D4
l
1)4
Detroit United Ry. (quar.)______________
Federal Light A Trac., pf. (qu.) (No. 11)..
Preferred (No. 12).
)
1
IK
1K
2)4
3
'K
Preferred (No. 15)_____________
Pacific Gas A Elec., pref. (quar.)
Philadelphia Company, preferred.
Tampa Electric Co. (quar.) (No. 33)___
Union Ry., Gas & Elec., com. (No. 1)___
Banks.
Miscellaneous.
1)4
3
1)4
2)4
1)4
2)4
8
Feb. 24 Holders of rec. Jan. 25a
Feb. 15 Feb. 2 to Feb. 16
Feb. If Holders of rec. Feb. I
Mch. 1 Holders of rec. Fob.20a
American Radiator, common (quar.)__
Mch. 31 Mch. 22 to Mch. 31
Common (extra)___ _____________
Mch. 31 Mch. 22 to Mch. 31
Common (payable in common stock) .
Mch .31 Mch. 22 to Mch. 31
Preferred (quar.)________________
Feb. 15 Feb. 7 to Feb. 15
Mch. 15 Feb. 22 to Mch. 2
Preferred (quar.) (No. 55)................
Mch. 1 Feb. 12 to Feb. 20
American Steel Foundries___________
Mch. 31 Holders of rec. Feb. 7
K
American Utilities, pref. (qu.) (No. 4).
1)4 Feb. 1C Holders of rec. Jan. 31
American Tobacco, common (quar.)__
5
Mch. 1 Feb. 16 to Mch. 16
Common (special)____________ ___
15/1 Mch. t Feb. 16 to Mch. 16
Preferred (quar.)_______ _____ __
1)4 Apr. 1 Feb. 16 to Mch. 16
$2
Mch. 1 Holders of rec. Feb. 15a
Bond & Mortgage Guarantee (quar.).
3)4 Feb. 15 Holders of rcc. Feb. 8
4
Feb. 15 Feb. 6 to Fob. 16
Buckeye Pipe Line.........................
Mch. 1 Holders of rec. Feb. 21
$5
Butterlek Company (quar.)________
K Mch. 1 Holders of rec. Feb. 17
Cambria Steel (quar.)___________
1K Feb. 15 Holders of rec. Jan.3la
Canada Cement, Ltd., pref. (qu.) (No. 12)
Feb. ie Feb. 1 to Feb. 10
IK
Canadian Converters, Ltd. (quar.)_____
Feb. 15 Holders of rec. Jan, 31
1
Columbus (O.) GasAFuel.com. (quar.)..
K Mch. 1 Holders of rec. Feb. 15
Common (extra)............. ......... .
K Mch. 1 Holders of rec. Feb. 15
Consolidated Gas (quar.)________
1)4 Mch. 15 Holders of rec. Feb.13a
Cons. Gas, El. Lt. &P., Balt., com. (qu.)
D4 Apr. 1 Holders of rcc. Mch. 20
Preferred ___________________
3
Apr. 1 Holders of rcc. Mch. 31
Crescent Pipe Line (quar.)________
$1.50 Mch. 15 Feb. 21
to Mch. 16
Diamond Match (quar.)__________
1)4 Mch. 15 Holders of roc. Feb.28a
Extra ____ ____________ _____ _
1
Mch. 15 Holders of rcc. Feb.28a
Eastman Kodak, com. (quar.)___
2 K April 1 Holders of rec. Feb.28a
Common (extra)........................
10
Feb. 15 Holders of rec. Jan.31a
Preferred (quar.)...............
1)4 April 1 Holders of rec. Feb.28a
Federal Utilities, pref. (qu.) (No. 7)
1)4 Mch. 1 Holders of rec. Feb. 15
General Asphalt, pref. (quar.) (No. 23)___
D4 Mch. 1 Holders of rec. Feb.13a
General Chemical, common (quar.)_____
D4 Mch. 1 Holders of rec. Feb.21a
General Fireproofing, common (quar.)___
1)4 April 1 Holders of rec. Mch. 20
Goodrich (B. F.), common (quar.)______
1
Feb. 15 Holders of rec. Feb. 5a
Gorham Manufacturing, common (quar.). 2)4 Feb. 12 Holders of rec. Feb.10a
Granby Consol. Min., Smelt. A Pow., Ltd. I K Mch. 1 Feb. 12 to Feb. 25
Greene-Cananea Copper (quar.)________ 25c. Mch. 1 Holders of rec. Feb. 10a
Ilium. A Power Secur. Corp., pref. (qu.).
1)4 Feb. 15 Holders of rec. Jan.31a
Indiana Plpo Line____________________
$4 Feb. 15 Holders of rec. Jan. 25
Internat. Harvester, pref. (qu.) (No. 24).
1)4 Mch. 1 Holders of rcc. Feb. 8a
International Nickel, common (quar.)___
2)4 Mch. 1 Feb. 11 to Mch. 2
Jefferson A Clearfield Coal A Iron, pref.. 2 K Feb. 15 Holders of rcc. Feb. 7a
Kellogg Switchboard A Supply (quar.)__
3
Feb. 3 Holders of rec. Jan. 31
Kentucky Public Service, preferred_______
3
Feb. 15 Holders of rec. Jan. 31
Kings Co. El. L. A P. (quar.) (No. 52)___
2
Mch. 1 Feb. 15 to Feb. 24
Lehigh Coal A Navigation (qu.) (No. 137) $1
Feb. 28 Holders of reo. Jan. 31
Liggett A Myers Tobacco, common (quar.)..
3
Mch. 1 Feb. 16 to Mch. 10
Mahoning Investment__________________
1)4 Mch. 1 Holders of rcc. Feb. 21
May Department Stores, com. (quar.).......
1)4 Mar. 1 Holders of rec. Feb. 16
Mexican Petroleum, common (quar.)____ SI
Mch. 1 Holders of rec. Feb.10a
Mexican Petroleum, preferred (quar.)___
April 20 Holders of rec. Mch31a
2
Miami Copper (quar.) (No. 4)................ 50c. Feb. 15 Holders of rec. Feb. la
Mobile Electric Co., preferred (quar.)___
1)4 Feb. 15 Holders or rec. Jan. 31
Montreal Lt., Ileat A Pow. (qu.) (No.47) 2)4 Feb. 15 Holders of rcc. Jan.31a
National Carbon, pref. (quar.)______
1)4 Feb. 15 Ian. 28 to Feb. 17
National Lead, preferred (quar.)..........
1)4 Mch. 15 Feb. 22 to Feb. 25
Nevada-Californla Power___________
$2r
Fob. 10 Jan. 26 to Feb. 1
New.York A Richmond Gas (quar.)___
1
Feb. 15 Holders of rec. Feb. 7a
Niles-Bemenl-Pond Co., common (quar.)
1)4 Mch. 21 Mch. 13 to Mch. 21
Preferred (quar.)_________________
Feb. 15 Feb. 7 to Feb. 16
IK
North American Co. (quar.)________
Apr. 1 Holders of rec. Mch.20a
IK
Ontario Power (quar.) (No. 2).... ..........
Mch. 1 Holders of rec. Feb. 22
IK
Penmans, Limited, common (quar.)___
1
Feb. 15 Holders of rcc. Feb. 5
People’s Gas Light A Coke (quar.)______
1)4 Feb. 25 Jan. 21 to Feb. 10
Pittsburgh Steel, preferred (quar.)...........
1)4 Mch. 1 Holders of rec. Feb.lla
Prairie Oil A Gas (quar.)......................
6
Feb. 28 Holders of rcc. Jan.31a
Pratt A Whitney, preferred (quar.).............
1)4 Feb. 15 Feb. 7 to Feb. 16
Pressed Steel Car, pref. (quar.) (No. 56)..
1)4 Feb. 19 Jan. 30 to Feb. 18
Procter A Gamble, common (quar.)_____
4
Feb. 15 Holders of rcc. Jan.31a
Pullman Company (quar.) (No. 184)___ I
2
Feb. 15 Holders of rec. Jan.31a
Pure Oil, common (quar.)....................... 3
Mch. 1 Feb. 2 to Feb. 28
Quaker Oats, pref. (quar.)........................
1)4 ■'eb. 28 Holders of rec. Feb. la
Quaker Oats, common (quar.)__________
2 K \pril 15 Holders of rcc. April 1
Preferred (quar.).................... ..............
1)4 Vlay 31 Holders of rcc. May 1
Republic Iron A Steel, pref. (qu.) (No. 42)
1)4 \pr. 1 Holders of rec. Mch. 15
Rumcly (.17.) Co., common (No. 1)_.........
1)4 Mch. 3 Holders of rec. Feb. 20
’ eb. 15 Holders of rec. Jan. 31a
Sears, Roebuck A Co., com. (quar.)_____
1)4 •
Feb. 15 Holders of rec. Feb. 10
Silversmiths Company (quar.)_________
IK
Southern Cal. Edison, com. (qu.) (No. 12) I K Feb. 15 Holders of rec. Jan. 31
VIch. 1 Holders of rec. Feb. 15
Southern Pipe Line (quar.).......................
8
Standard Oil of California______________
2)4 Mch. 15 Holders of rec. Feb. 20
Feb. 28 Feb. 11 to Feb. 28
3
Standard Oil (Indiana) (quar.)_________
Feb. 28 Feb. 11 to Feb. 28
Extra.................................. .................
4
Feb. 28 Holders of rec. Feb. 8
Standard Oil of Kansas (quar.)_________
3
Feb. 28 Holders of rec. Feb. 8
Extra ____________________________
4
Feb. 15 Holders of rcc. Feb. 7a
Standard Oil of New Jersey (special)_____ $401
Sludebaker Corporation, preferred (quar.)__
IK Mch. Holders of rec. Feb. 20
Tennessee Eastern Elec. Co., pref. (quar.)
I K Mch. 1 Holders of reo. Feb. la
Union-Amerlcan Cigar preferred________
3H Feb. 15 Holders of rcc. Jan. 31
Unit. Cigar Stores of Am.,com.(qu.)(No.l) IK Feb. 15 Holders of rec. Jan. 31a
Extra_____________________________
K Feb. 15 ■Holders of rec. Jan. 31a
U. S. Steel Corporation, common (quar'.)I IK Mch. 29 Mch. 2 to Mch. £
Preferred (quar.)................ ................
Fob. 27 Feb. 4 to Feb. 29
IK
U. S. Telephone, preferred (quar.)______ I
I K Feb. 15
Vlrglnla-Carollna Chemical, common..Ill
Feb. 16
Feb. 15 Feb. 2
IK
Washington Oil________________ __ _
Feb. 19
$4 Feb. 20 Jan. 21
Woolworth (F. W.) Co., com. (Nol3)IIII 1
Mar. lTIoidors of rec. Feb. 10a
a Transfer books not closed for this dividend, b Less Income tax. d Correction.
e Payable in common stock.
h Distribution of part of tho
cash proceeds from the sale of certain securities. I Distribution from funds derived
In liquidation of loans made to former subsidiaries.
r Payable in scrip.
A u c tio n
S a l e s .— A m o n g
o th e r s e c u r itie s ,
th e
fo llo w in g ,
n ot u sua lly dealt in at the Stock E xch a n g e, w e r o r e c e n t l y s o l d a t
a u c t i o n in N o w Y o r k , B o s t o n a n d P h i l a d e l p h i a :
B y M e s s r s . A d r ia n H . M u lle r & S o n s, N o w Y o r k :
Shares.
per cent. Shares.
500 United Copper Co., pref_________ 4
15 Manhattan Life Insur. Co____371
10 American Press Association.. 52
5 Del. Lack. A West. Coal Co..379)4
100 Pacific Coast Co., com_______80)4
15 Chase Nat. Bank.....................700
150 Chic. Terre Haute A South
eastern Ry. Co. vot. tr. ctf. 14)4
15 Westchester A Bronx Tltlo A
Mtge. Guar. Co___________ ICO
Percent,
10 Title Guar. A Trust Co..........495
500 Gas Mantlo Machino Co., N,Y.$2500
Bonds.
Percent.
$25,000 Elko RealtyA Dovel. Co.
1st 7s, 1918; July 1909 coupons
attached............................... ..... $200
$5,000 Litchfield A Madison Ry. 1st
5s, 1924; M. A N .....................85Alnt.
$1,000 Ga. Coast A Pled. Ry. Co.
1st 5s, 1940: M. A S............... 61 A Int.
Feb . 8 1913 ]
DETAILED RETURNS OF TRUST COMPANIES.
B y M e s s r s . R . L . D a y & C o ., B o sto n :
Shares.
$ per sh. Shares.
$ persh.
10 Del. Lack. A West. Coal Co.,
5 Great Falls Mfg. Co------------ 190
1 Arlington Mills--------------------113
$50 each........................... 370A %
20 Draper Co., common________ 240A
60 Pacific Mills full pd. rects___ 122
10 Plymouth Cordage Co.............231A
7 Pepperell Mfg. Co__________ 306
1 Boston Athenaeum, $300 par..320
20 Ludlow Mfg. Associates rights. 34
48 Mass. Cotton Mills, ex-div-.-118
120 Cent. Vermont Ry. stk. scrip. 8 A
6 Central Vermont Ry----------8 A -0 A
5 Amer. Glue Co., pref., ex-dlv.145
4 Merrlniao Chemical Co. rights. 2 J£
B y M e s s r s . F ra n c is H e n s h a w & C o ., B o s to n :
Shares.
$ per sh. I Shares.
%persh.
11 Concord A Mont. RR., class 4..250K 1 Boston Athenaeum, $300 par...320
25 Quincy Mkt. R. E. Trust rights. 8c. |
B y M e ssrs. S am u el T . F reem an &
Shares.
$ persh. Bonds.
12 Amer. Pipe A Constr...... 89)+90
5 People’s Trust Co.; par $50___ 45
10 Textile Nat. Bank____ ______ 125 A
B y M e ssrs. B arn es
&
C o . , P h ila d e lp h ia :
Percent.
$20,000 Ripka Mills 1st 6s, 1919... 20%
$500 No. Springfield Water 1st 5s.. 95
$600 Springfield Water cons. 5 s ... 95)$
L o fla n d ,
P h ila d e lp h ia :
Shares.
$ per sh. Bonds.
Per cent.
20,000 Consum. Coal Co.: par $1.Lot $18$1,500 Schuylkill Ry. Co. 1st cons.
3 Commonwealth T. I. & T. C o.238
5s, 1935______ ________ _____ 72 A
5 American Academy of M usic..213
$5,000 Consumers Ammonia Co.
4 Reliance Ins. Co.; par $50___ 83
6s, 1915......................................70
4 Phlla. Bourse, com.; par $50.. 4
$8,000 Easton Lt. A Fuel Co., Tal
150 Ins. Co. of No. Amer.; par S10. 21A
bot County 1st £s 1934 (coupons
27 Nat. Bk. of Germant’n; par $50 140
from July 1912 attached).-Lot$4,000
5 Belmont Trust Co.; par $50... 30
$1,000 Syracuse Gas Co. Ist5s, ’46.101M
11 Bank of North America____ 300
$3,000 Lorain A Cleveland Ry. Co.
1st 5s, 1927.........................
99 A
23 First Nat. Bank, Phlla______ 230
$1,000 United Gas A Elec. Co. 1st
2 Fouith Street Nat. Bank___ 320
5s, 1922________
90
2 Philadelphia Nat. Bank_____ 480
SI,000 Hanover Gas 1st 5s, 1931.- 90
23 Fidelity Trust Co......... ......... 1176
$1,000 People’s Gas A Elec Co.
50 Finance Co. of Pa., 1st pref__ 119
1st 5s, 1930........
94
35 Finance Co. of Pa., 2d pref...109
$1,000 Leli. A Northampton Lt.,
9 Franklin Trust Co.; par $50_55
Ht. A Pow. Co. 1st 5s, 1957___ 80
10 Guarantee Tr. A S. D. Co_15554
$1,000 Bay City Gas Co. gen. 5s, ’20 90
3 Provident I-lfe A Trust Co---- 875
14 Pennsylvania Fire Ins. Co.406-408A $1,000 Mobile Elec. Co. 1st 5s, 1946 85
$1,750 Clevo. A Erie Ry. Co. 1st
10 People’s Nat. Fire Ins. Co.;
5s, 1929..................................... 50 A
par $25............
20 A
$5,000 Luzerne Co., Pa., "Court
10 United Firemen’s Ins. Co.;
House” 4s, 1917_____________ 98)4
15
par $10------$5,000 School Dlst. of Cheltenham,
14 Firo Association-------------------349
8 Amer. Pipe * Construe. C o ... 88)4 Pa., 4s, 1932.............. ............. 96A
50 George B. Newton Coal Co.,
$5,000 School Dl3t. of Cheltenham,
common__________________ 22
Pa., 4s, 1937.............................96A
6 Bergner & Engel Brew. Co., pf. 95
$10,000 Borough of Norristown,
27.29 Penn. Cent. Lt. & Pow. Co.
Pa., 4s, 1938. ____ _____ 98)4-99
of N. J., common....... ..L ot 28
$10,000 City of Phlla. 4s, 1938-----100A
600 Pratt Food Co.; par $1_______ 3.90 $4,000 Peoria Lt. Co. coll. tr. 5s, ’36 97 A
50 Homo Life Ins. Co. of Amer.;
$5,000 Birmingham Emsiey A Bes
14
par $10-------semer RR........... ......................75
1 Real Estate Trust, pref_________ 96A $5,000 Boericke A Tafel Co., Inc.,
1st 6s, 1936__________ ____ _
90
Bonds.
Per cent. $1,100 Wilkes-Barre Co. 1st A ref.
$25,000 Auld Run Coal Co. 5s, 1925
5s, 1960......................
92)4
(coup, from Oct.’ ll attached).I.otS260 $1,000 Consol. Gas,Elec.L.A Power
$6,000 Auld Run Coal Co. 5s, 1925
Co. (Balt.) gen. 4)$s, 1935____ 89)4
(coup, from Apr.’09 attached) .LotSlOO $2,000 Sand. Mon. Bello. A Norw.
$3,000 N. J. Gas Co. 1st 5s, 1940.. 85
Traction Co. 1st mtge. tr. cert.Lot $50
S ta t e m e n t o f N e w Y o r k C ity C le a r in g -H o u s e B a n k s
and
T r u s t C o m p a n i e s .— T h e
d e t a i le d
s t a t e m e n t b e lo w
s h o w s th o c o n d itio n o f th e N e w Y o r k C i t y C le a r in g -H o u s e
m e m b e r s fo r th e w e e k e n d in g F e b .
1.
T h o f ig u r e s f o r t h o
s e p a r a te b a n k s a re th e a v e r a g e s o f th o d a ily r e s u lts .
In
th e c a s e o f t o t a ls , a c t u a l fig u r e s a t th e e n d o f th o w e e k
are a lso g iv e n .
.
F o r d e f i n i t i o n s a n d r u le s u n d e r w h i c h t h e v a r i o u s i t e m s
a r e m a d o u p , se o “ C h r o n i c l e ,” V . 8 5 , p . 8 3 6 , in t h e c a s e o f t h e
b a n k s , a n d V . 9 2 , p . 1 0 0 7 , in t h e c a s e o f t h o t r u s t c o m p a n i e s .
Banks.
00s omitted.
DETAILED RETURNS OF BANKS.
We omit two ciphers (00) in all cases.
i
Capital. Surplus.
Specie. [ Legals. Net Depos ■ Re
Loans.
Average.
Average. \Average. Us, Aver. serve.
S
$
s
$
■ $
Bank of N. Y . 2,000,0 4,257,4 21,671,0 4,437,0! 750,0
Manhattan Co 2,050,0 4,764,1 30,050,0 7,234,0! 1,466,0
Merchants’__
2,000,0 2,084,4 20,452,0 4,433,0 1,078,0
Mcch. A Met. 6,000,0 8,663,0 55,583,0 10,269,0 3,907,0
America........
1,500,0 6,488,6 26,054,0 4,523,0 1,869,0
City............... 25,000,0 29,142,3 179,859,0 43,864,0 5,087,0
Chemical----3,000,0 7,231,2 28,380,0 4,868,0 1,848,0
Mcrchants’Ex.
6,716,0 1,492,0
600,0
534,7
186.0
555,0
2,025,0
Butch.ADrov.
128.9
73,0
300,0
9,451,0 2,490,0
220,0
987,3
Greenwich . . .
500,0
Am. Exchange 5,000.0 4,510,1 43,645,0 8,507,0 2,369,0
Commerco — 25,000,0 16,316,8 139,824,0 20,919,0 8,734,0
4,701,0
426,0
009,0
970,0
500,0
Pacific______
Chat. A Then. 2,250,0 1,301,1 19,569,0 3,307,0 1,683,0
509,0
148,0
1,881,0
481,0
200,0
People’s ........
3,000.0 13,740,9 76,770,0 16,062,0 5,479,0
Hanover____
611,0
Citizens’ Cent. 2,550,0 2,201,4 24,118,0 5,505,0
Nassau_____
460,2 10,766,0 1,686,0 1,780,0
1,000,0
902,0
Market A Full 1,000,0 1,897,5
9,687,0 1,904,0
270,0
Metropolitan . 2,000,0 1,783,9 12,287,0 3,023,0
Corn Exchange 3.000,0 5,840,7 49,822,0 8,527,0 6,176,0
Imp. A Trad.
1,600,0 7,795,0 25,978,0 3,673,0 2,289,0
Park .............
5,000,0 13,552,0 89,052,0 21,730,0 1,571,0
East River__
250,0
70,0
1,635,0
454,0
106,0
Fourth_____
5,000,0 5,874,1 32,329,0 7,209,0 1,900,0
Second -------1,000,0 2,526,4 13,667,0 3,217,0
164,0
First----------- 10,000,0 21,940,2 111,974,0 29,772,0 4,609,0
Irving...........
4,000,0 3,225,8 38,076,0 7,249,0 3,027,0
Bowery ____
250,0
786,0
3.517,0
807,0
82,0
N. Y. County.
500,0 2,000,6
9,110.0 1,375,0
688,0
German-Amer.
750,0
747,1
4,280,0
883,0
232,0
5,000,0 9,672,3 99,945,0 22,712,0 6,375,0
Chaso...........
100,0 2,195,3 13,435,0 2,510,0 1,375,0
Fifth Avenue.
817,4
200,0
3,222,0
German E x ...
275,0
569,0
6,193,0 1,179,0
200,0 1,053,0
254,0
Gcrmanla----1,000,0 1,656,2 14,418,0 3,265,0
979,0
Lincoln . . ___
9,125,0 2,280,0
1,000,0 1,275,2
376,0
Garfield____
525,6
3,443,0
250,0
469,0
510,0
Fifth.............
1,000,0 2,250,8 12,717,0 1,593,0 1,465,0
Metropolis__
4,195.0
865,0
200,0 1,013,0
282,0
West Side___
Seaboard____
1,000,0 2,277,7 24,886,0 5,331,0 2,211,0
744,0
Liberty _____
1,000,0 2,790,2 21,923,0 7,097,0
8,838,0 2,394,0
883,0
N. Y. Prod. Ex 1,000,0
294,0
State .............
676,7 17,612,0 5,319,0
381,0
1,000,0
Security........
450,1 11,778,0 2,469,0 1,174,0
1,000,0
Coal A Iron..
6,248,0 1,084,0
514,0
534,1
1,000,0
9,819,0 2,155,0
Union Exclx.. 1.000,0 1,006,1
350,0
Nassau, Bklyn 1,000,0 1,100,7
7,275,0 1,361,0
184,0
$
19,431,0
33,450,0
20,921,0
55,222,0
25,701.0
176,192,0
25,199,0
6,801,0
2,294,0
10,800,0
42,692,0
117,649,0
4,318,0
20,042,0
2,381,0
84,837,0
23,418,0
12,680,0
9,959,0
12,645,0
68,384,0
23,389,0
92,717,0
2,001,0
33,084,0
13,136,0
110,258,0
39,365,0
3,658,0
9,021,0
4,201,0
113,438,0
15,154,0
3,344,0
5,916,0
16,144,0
9,615,0
3,790,0
12,528,0
4,710,0
29,086,0
25,513,0
10,311,0
22,634,0
14,156,0
6,262,0
10,020,0
5,967,0
%
26.6
26.0
26.3
25.6
24.8
27.7
26.6
24.6
27.3
25.1
25.4
25.2
23.9
24.1
27.6
25.3
26.1
27.3
28.1
26.0
25.1
25.4
25.1
27.9
27.0
25.7
31.1
26.1
24.3
22.8
26.5
25.6
25.6
25.2
24.2
28.0
27.6
25.8
24.4
24.3
25.9
30.7
26.0
25.1
25.6
25.5
25.0
25.8
Surplus.
Brooklyn___
Bankers ____
U.S.Mtg.AT..
Astor_______
Title Guar .AT.
Guaranty___
Fidelity_____
LawycrsTIAT.
Col.-Knlcker..
Peoplo’s ____
New York___
Franklin____
Lincoln _____
Metropolitan .
Broadway___
$
3,934,2
16,256,9
4,554,6
1,325,5
11,797,7
24,350,2
1,326,1
6,177,9
7,289,8
1,680,6
11,804,6
1,244,9
558,8
6,234,8
597,5
The capital of the trust companies is as follows: Brooklyn, $1,000,000; Bankers,
$10,000,000; United States Mortgage A Trust, $2,000,000; Astor, $1,250,000; Title
Guarantee A Trust, $5,000,000; Guaranty, $10,000,000; Fidelity, $1,000,000;
Lawyers’ Title Insurance A Trust, $4,000,000; Columbla-Knickerbocker, $2,000,000;
People’s, $1,000,000; New York, $3,000,000; Franklin, $1,000,000; Lincoln, $1,
000,000; Metropolitan, $2,000,000; Broadway, $1,000,000; total, $45,250,000.
SUMMARY COVERING BOTH BANKS AND.TRUST COMPANIES.
Wee*
ending
Feb. 1.
Capital. ! Surplus.
Loans.
Specie.
jOn Dep.
Legal
|Tenders.
Net
with C.H.
Banks.
Deposits.
Averages.
$
1 S
$
$
$
1 S
1 S
Banks__ 133,650,0202,480,1 1,377,001,0 293,567,0 77,656,0 ......... 1,404,040,0
Trust cos. 45,750,0 99,134,1 595,284,0! 61,837,0 6,436,0 61,210,0 432,381,0
T otal... 179,400,0 301,614,2 1.972.285.0355.404.0 84.092.0 61,210,0 1.836.421.0
Actual.
1
Banks . . .
1.392.328.0293.243.0 76.727.0 ......... 1.418.128.0
Trust cos.
603,627,Oj 59,930,0 6,411,0 61,726,0 437,692,0
T otal...
The
1,995,955,0^353,173,0 83,138,0 61,726,0 1,855,820,0
S ta te
re tu rn s o f
charge.
in
th e
B a n k in g
D e p a rtm e n t
S ta te
and
banks
a lso
tru st
fu r n is h e s
w e e k ly
c o m p a n ie s u n d e r its
T h e s e r e t u r n s c o v e r a l l t h e i n s t i t u t i o n s o f t h i s c la s s
th e w h o le S t a t e , b u t th e fig u r e s
a re c o m p ile d
so a s
d is t in g u is h b e tw e e n th e r e s u lts fo r N e w Y o r k C i t y
N ew
Y ork )
and
to
(G re a te r
th o se fo r th e re st o f th e S t a t e , a s p e r th e
fo llo w in g :
•
F o r d e fin itio n s a n d r u le s u n d e r w h ic h
t h e v a r io u s it e m s
a r e m a d o u p , s e e “ C h r o n i c l e ,” V . 8 6 , p . 3 1 6 .
STATE BANKS AND TRUST COMPANIES.
Week ended February 1.
Capital as ot Dec. 26___
Surplus as of Dec. 26----Loans and Investments..
Change from last week.
State Banks,
Trust Cos.
Trust Cos.
State Banks,
in
in
outside of
outside of
Greater N . Y. Greater N . Y. Greater N . Y. Greater N . Y.
$
22,300,000
S
67,900,000
$
*9,458,000
39,042,900
172,713,300
*12,471,974
*12,508,781
293,365,400 1,081,586,700
— 1,004,100 + 12,941,200
114,841,300
—339,000
175,180,700
+ 852,400
115,375,100
+ 2,947,700
QpuvlD ——
———
—
———
———
—
——— 53,352,300
Change from last week. — 1,130,400
Legal-tender A bk. notes.
Change from last week.
Deposits.........................
Change from last week.
$
*9,950.000
.................
.................
9,975,300
—63,500
.................
.................
338,502,300 1,168,732,000
—1,574,400 + 21.437,000
120,571,300
+230,400
183,219,000
+ 1,420,300
20,763,000
—318,900
Reserve on deposits-----Change from last week.
92,421,200
—14,400
132,866,200
+ 3,071,200
21,802,900
+ 573,400
24,513,000
+ 1,018,500
P.C. reserve to deposits..
Percentage last week..
28.1%
28.0%
16.6%
16.3%
19.2%
18.7%
14.5%
14.0%
+ Increase over last week. — Decrease from last week.
*As of Sept. 9 1912.
Note.—"Surplus” Includes all undivided profits.
"Reserve on deposits” Includes
for both trust companies and State banks, not only cash Items but amounts due
from reserve agents. Trust companies In New York State are required by law to
keep a reserve proportionate to their deposits, the ratio varying according to lo
cation as shown below. The percentage of reserve required is computed on the
aggregate of deposits, exclusive of moneys held in trust and not payable within
thirty days, and also exclusive of time deposits not payable within thirty days
represented by certificates, and also exclusive of deposits secured by bonds or
obligations of the State or City of New York, and exclusive of an amount equal to
the market value (not exceeding par) of bonds or obligations of the State or City
of New York owned by the bank or held In trust for lt by any public department.
The State banks are likewise required to keep a reserve varying according to loca
tion, the reserve being computed on the whole amount of deposits exclusive of time
deposits not payable witliin thirty days, represented by certificates (according
to the amendment of 1910), and exclusive of deposits secured (according to amend
ment of 1911) by bond3 or obligations of the City or State of New York, and ex
clusive of an amount equal to the market value (not exceeding par) of bonds or
obligations of the State or City of New York owned by the company or held In trust
for lt by any public department.
---- Trust Cos.---- — Stale Banks—
Reserve Required for Trust Companies
and State Banks.
Location—
Total
Of
Total
Of
Reserve which Reserve which
Required, in Cash. Required, in Cash.
15%
10%
10%
15%
15%
5%
3%
Manhattan Borough-......................................... 15%
Brooklyn Borough (without branches In Manhat.) 15%
Other Boroughs (without branches In Manhattan) 15%
Brooklyn Borough, with branches In Manhattan. 15%
Other Boroughs, wtth branches in Manhattan— 15%
Cities ot the first and second class_____________ 10%
Cities of the third class and villages___________ 10%
Elsewhere In State---------------------------------------------
25%
20%
15%
20%
15%
15%
10%
7A %
20%
15%
__ _
15%
___
6%
T h e B a n k in g D e p a r t m e n t a ls o u n d e r ta k e s to p r e s e n t se p a
tru s t
House amounted to $46,502,000, and according to actual figures was $46,329,000
$
S
$
%
„
$
2,269,0
755,0 3,950,0 17,963,0 16.8 + 17.9
14,234,0
33,0 10,747,0 94,941,0 15.0 + 10.1
3,529,0
419,0 3,723,0 26,309,0 15.0 + 12.1
2,238,0
54,0 1,564,0 14,909,0 15.3+ 9.0
1,953,0 1,161,0 2,371,0 20,646,0 15.0+10.2
18,393,0
955,0 21,223,0 111,132,0 17.4 + 16.0
621,0
235,0
764,0 5,630,0 15.2 + 10.5
1,449,0
641,0 1,365,0 12,766,0 16.3+ 9.6
800,0 4,553,0 39,933,0 15.0 + 10.2
5,190,0
400,0 1,936,0 15,002,0 15.0+11.2
1,851,0
4,653,0
215,0 3,556,0 32,001,0 15.2 + 10.0
935,0 8,606,0 i15.4+ 9.7
204,0
1,122,0
212,0 1,092,0 9,277,0 15.0 + 10.5
1,174,0
9,0 2,367,0 14,169,0 15.1 + 14.3
2,135,0
343,0 1,064,0 9,097,0 15.0+10.3
1,026,0
Actual figures Feb. 1. 603,627,0 59,930,0 6,411,0 61,726,0 437,692,0 15.1 + 12.3
Actual figures |Feb. 1..
Circulation.—On tho basis of averages, circulation of national banks in the Clearing
$
23,604,0
122,867,0
35,615,0
21,367,0
32,913,0
172.450,0
7,266,0
17,809,0
47,560,0
16,381,0
45,042,0
9,335,0
10,828,0
23,095,0
9,152,0
Reserve.
Totals, Avge.. 99,134,1 595,284,0 61,837,0 6,436,0 61,210,0 432,381,0 15.7+12.4
ra te
1392,328,0 293,243,0 76,727,0 1418,128,0 26.0
l
Net
On Dep.
Loans.
Specie. Lcgals. wlthC.H. Deposits.
Average. Average. Average. Banks. Average.
Trust Cos.
00s omitted.
Totals, Avge. 133,650,0 202,480,1 1377,001,0 293,567,0 77,656,0 1404,040,0 26.1
401
THL CHRONICLE
f ig u r e s in d i c a t i n g
c o m p a n ie s
House.
in
th e
t o ta ls
G reater N e w
fo r
th e
Y ork
S ta te
B an k s and
not in the Clearing
T h e s e f ig u r e s a r e s h o w n i n t h e t a b l e b e l o w , a s a r e
a ls o th o r e s u lts ( b o t h a c t u a l a n d a v e r a g e ) fo r th e C le a r in g -
402
H ou se
THE CHRONICLE
banks and
c o m b in e d
each
tru st c o m p a n ie s .
c o rr e sp o n d in g
it e m
In
in
a d d itio n , w e
th e
tw o
have
sta te m e n ts,
th u s a ffo r d in g a n a g g r e g a te fo r th e w h o le o f th e b a n k s a n d
[ V o l . XCVI
B o s t o n a n d P h i l a d e l p h i a B a n k s . — B e l o w is a s u m m a r y
o f th e w e e k ly t o ta ls o f th e C le a r in g -H o u s e b a n k s o f B o s t o n
a n d P h ila d e lp h ia :
W c o m it tw o c ip h e r s
t r u s t c o m p a n i e s in t h e G r e a t e r N o w Y o r k .
NEW YORK CITYiBANKS AND TRUST COMPANIES.
C a p ita l
and
S u r p lu s .
Clear.-House Clear.-House Stale Banks and
Total of all
Members.
| Members.
Trust Cos. Not Banks & Trust
ActualFlgures
Average.
in C.-H. Acer. Cos. Average.
Week ended Feb. 1—
3
Nat. Banks 1
Nov. 26 and] 179,400,000
Surplus State Banks
lDec.26___ J 301,614,200
$
%
Capital
179,400,000
301,614,200
Loans and Investments 1,995.955,000 1,972,285,000
Change from last week + 25,838.000 + 12,039,000
Deposits ................
1,855,820,000 1,836,421,000
Change from last week + 8,992,000 —2,262,000
Specie . . ________
353,173,000 355,404,000
Change from last week — 1,222,000
+ 1,418,000
Legal tenders____
83,138,000
84,092,000
Change from last week —2,387,000 — 1,037,000
Banks: cash In vault..
Ratio to deposits___
369,970,000
26.08%
s
29,025,000
208,425,000
80,906,900
382,521,100
561,133,300 2,533,418,300
+ 3,985,900 + 16,024,900
a561,881,900 2,39S,302,900
+ 4,077,100
+ 1,815,100
371,223,000
26.15%
61,557,100
+ 701,500
410,961,100
+ 2,119,500
67,707,400
—6,400
91,799,400
— 1,0-13,400
12,195,700
14.10%
383,418,700
Trust cos.' cash In vault
66,341,000
68,273,000
57.06S.800
125,341,800
Aggr’te money holdings
Change from last week
436,311,000
—3,609,000
439,496,000
+ 381,000
69,264,500
+ 695,100
508,700,500
+ 1,076,100
Money on deposit with
other bks. & trust cos.
Change from last week
01,720,000
—578,000
61,210,000
+ 4,947,000
17,253,400
+ 682,100
78,463,400
+ 5,029,100
498,037,000
— 4,187,000
Surplus CASH reserve __
15,438,000
Trust cos. (abovel5%)
687,200
500,706,000
+ 5,328,000
86,517,900
+ 1,377,200
587,223,900
+ 0,705,200
10,125,200
—5,340,200
23,628,850
+ 568,600
Total reserve...........
Change from last week
20,213,000
3.415,850
% of cash reserves of tr ust cos—
15.15%
12.35%
Cash on dep. with bk3
Total . .
15.7S%
12.40%
27.50 %
Boston.
Dec.
Dec.
Dec.
Jan.
Jan.
Jan.
Jan.
Feb.
14____
21........
28........
4..........
11.
18.
25.
1.
Dec.
Dec.
Dec.
Jan.
Jan.
Jan.
Jan.
Feb.
14..........
21.........
2S_........
4.........
11.........
18_____
25_____
1_____
PiiUadelphia
S
60.735
60.735
60.735
60.735
60.735
60.735
60.735
60.735
and
tru st c o m p a n ie s
in
16.49%
W eek E n d ed —
Nov.
Dee.
Dec.
Dec.
Dec.
Jan.
Jan.
Jan.
Jan.
Feb.
tw o
G reater N e w
c ip h e r s
in
a ll
L oans and |
I n v es tm e n ts^ D e p o s i t s .
30...............
14111111111
21...............
28...............
4...............
11...............
18...............
25...............
1...............
th e s e
S p e cie.
Y ork
o u ts id e
of
th e
T ot lo n eg
.E n t ir e t ie s
H o ld in g s . o n D e p o s it
S
89,878 1 452,338,3 512 730,2
89,886 6 450,607,4 510 675.8
90.376 0 445,818,1 505 578.0
88,711 ,3 447,772,2 507 490.9
88,348 ,1 449,338,5 509 088.0
91,310 ,9 461,771,8 526 341,7
94,018 8 479,546,5 546 ,728,7
94,588 ,0 501,488,4 568 163,6
92,842 8 507,684,4 580 .518,7
91,799 ,4 508,760,5 587 223.9
i n g is t h e s t a t e m e n t o f c o n d i t i o n o f t h e c l e a r i n g - n o n - m e m b e r
b a n k s fo r w eek e n d in g F e b . 1 , b a s e d o n a v e r a g e d a ily r e s u lts :
B an ks.
C a p i
ta l.
S ur
p lu s .
New York City.
$
$
M a n h a tta n a n d B ro n x .
Aetna National-------Washington Heights.
Battery Park Nat..
Century.............. —
Colonial___________
Columbia................
Fidelity____ ____ _
Mount Morris______
Mutual___________
New Netherland____
Twenty-third Ward..
Yorkvllle _________
B r o o k ly n .
First National______
Manufacturers’ Nat..
Mechanics’ ________
National City______
North Side________
hfO Jersey City.
First National...........
Hudson County Nat.
Third National Bank.
‘ i Hoboken.
First National...........
Second.Natlonal-----* j.
j
t Totals.Feb. 1___
Totals Jan. 25----Totals Jan. 18-----
500,0
100,0
200,0
500,0
400,0
300,0
200,0
250,0
200,0
200,0
200,0
100,0
543,2
314,2
119,5
511,6
592,2
815,1
172,5
360,7
445,0
288,3
106,0
543,9
300,0
252,0
1,000,0
300,0
200,0
689,6
912,8
710,1
570,6
177,0
i n a ll th ese f ig u r e s .
L oans,
D ls c 'ls
and
In v es t
m e n ts.
•$
3,020,0
1,563,0
1.493.C
5,476,0
6,412,0
6,920,0
1,080,0
2,426,0
4,817,0
3,104,0
1,908,0
4,213,0
S p e cie.
On
D e p o sit
w ith
C .- H .
B anks.
$
S
$
638,0
156,0
309,0
660,0
828,0
635,0
08,0
395,0
486,0
344,0
213,0
597,0
400.0 1,355,3 4,704,0
250,0
813,6 3,026,0
200,0
420,8 2,575,0
309,0
156,0
99,0
220,0
125,0
252,0
160,0
55,0
94,0
72 ,C
390,C
367,0
553,0
119,0
42,0
333,0
114,0
91,0
202,0
112,0
186,0
185,(1
737, U
751,0
807,0
126,0
335,0
839,0
339,0
275,0
629,0
N et
D e p o sits.
S
2,688,0
1,320,0
1,050,0
0,053,0
6,002,0
7,848,0
1,033,0
2,655,0
4,810,0
2,987,0
2,047,0
4,662,0
88,0
438,0 2,923,0
622,0 5,478,0
307,0
463,0 1,694,0 12,273,0
96,0
697,0 4,244,0
88,0
403,0 2,100.0
333,0 2,542,0
46,0
053,0
158,0
670,0
F or
1913.
W eek .
Dry Goods.........................
General Merchandise______
1912.
$3,879,653
19,317,601
|
$3,252,468'
13,980,417|
1910.
1911
§3,057,187
10,395,537
$4,000,328
13,357,107
Total........................... .
S i n c e J a n u a r y 1.
Dry Goods_______________
General Merchandise______
$23,197,254 $17,238,885 $13,452,724 $17,357,435
Total 5 weeks__________
$98,341,712 391,371,350 §78,639,180 §92,570,226
S17,509,537 $16,374,411' $16,051,726 $18,686,095
80,832,175 74,096,939 62,587,454 73,884,131
EXPORTS FROM NEW YORK.
1913.
1912.
1911.
1910.
§22,226,051 §10,418,381 $17,043,057 $12,858,931
81,342,856 73,056,494 59,130,540 50,713,333
Total 5 Weeks______
§103,568,907 $89,474,875 $76,774,197 S03,572,204
T h e fo llo w in g t a b le s h o w s th e e x p o r ts a n d im p o r ts o f
s p e c io a t t h e p o r t o f N o w Y o r k f o r t h e w e e k e n d i n g F e b .
1
a n d s in c e J a n . 1 1 9 1 3 , a n d f o r t h e c o r r e s p o n d i n g p e r i o d s in
1912 and 1911:
EXPORTS AND IMPORTS OF.SPECIE AT NEW YORK.
Exports.
Gold.
Week.
27,0
68,0
393,0
494,0
Imports.
Since Jan. 1.
Great Britain................................
Franco ___________________
$9,145,387
Germany____________
West Indies________________
106,900
Mexico........... .
3,124
South America................
§3,510,000 5,349,375
All other countries...............
.........
Total 1913.............
33,510,000 $14,604,792
Total 1912.........
265,950 1,749,173
Total 1911______ ____ ______ _
109,925
876,245
France_______________ _______
Week.
200
Total 1913.________ _________ §1,135,945 34,408,933
Total 1912____ _____ ____ ____ 1,034,302 3,927,034
855,845 4,975,070
Total 1911___________________
$46,137
111,187
7IL702
28,922
217I582
162,241
$353,950 $1,546,773
186,720 1,833,495
152,347 1,395,099
1,879
507
Since Jan. 1.
S43.562
31,071,570 $3,842,422
63.S62
504,432
West Indies....................................
2,300
$8,064
4]720
1,113
219,145
194,581
1,138
61,309
650,865
305,332
70,807
§418,280 31,101,097
509,600 1,359,798
148,024
713,650
O f t h e a b o v e i m p o r t s f o r t h e w e e k in 1 9 1 3 , $ 3 , 7 2 0
A m e r i c a n g o l d c o i n a n d $ 3 , 4 1 3 A m o r i c a n s il v e r c o i n .
w ore
gatxltitxcj axxcl JJuxaxicial.
R a ilr o a d a n d I n d u s tr ia l S to c k s
WriteTfor our Circular N o. 614 entitled “ Railroad and Industrial
Stocks, which describes 124 issues listed on the Now York Stock
Exchange, and classified by us as followas: Investment Stocks, Semi
Investment Stocks, Speculative Stocks.
S p en cer T ra sk &
C o.
43 EXCHANGE PLACE— NEW Y O R K .
C hicago, 111. B oston, Mass. A lbany, N. Y.
Members New.York Stock Exchange.
3,630,0
1,430,0
1,201,0
2,007,0
1,437,0
6,597,0 11,461,9 87,103,0 9,298,0 1,106,0 13,927,0 81,689,0
6,597,0 11,401,9 87,491,0 9,486,0 1,237,0 14,035,0 82,362,0
6,597,0 11,461,9 87,473,0 9,625,0 4.325.0 12.970,0 83.292,0
*404,416 .0 15,117 0,170,649,2
*402,683 ,0 15,129 .0 175,075,7
*403,546 ,0 15,134 0 149,158,7
*418,425 ,0 15,133 ,0 178,824,6
*415,135 ,0 15,142 ,0 175,790,4
*424,774 ,0 15,001 ,0 185,702,0
*421,932 0 14,975 0 160,091,6
*424,710 0 14,952 0,173,018,1
I
FOREIGN IMPORTS AT NEW YORK.
All other countries.................. .......
L egal
T en d er
and
B ank
N o tes.
3,806,0 294,0
5,985,0 543,0
10,252,0 1,406,0
4,268,0 545,0
2,091,0 205,0
665,0 4,652,0
297,7 3,318,0
S
$
7,207.0 165,675,6
7,209,0 170,140,6
7,222,0 131,772,1
7,223,0 180,567,1
7,457,0 180,038,7
7,613,0 204,208,9
7,955,0 174,419,8
8,142,0,159,866,9
I m p o r t s a n d E x p o r t s f o r t h e w e e k .— T h e fo llo w in g are
th e im p o r ts a t N o w Y o r k fo r th e w e e k e n d in g F e b . 1 , a lso
t o t a l s s in c e t h e b e g i n n i n g o f t h e f i r s t w e e k in J a n u a r y :
S ilv e r .
R e p o r t s o f C l e a r i n g N o n - M e m b e r B a n k s .— T h e f o llo w
(00)
$
259.458 0
256,041 0
250,013 ,0
259,274,,0
261.109 ,0
277.489 .0
273,556, 0
270,050, 0
fig u r e s .
L e g a ls .
S
I
S
2,476,317 0 2,275,323 6 362 ,459.9
2,142,755 0 2,234,183 1 360 ,720,8
2,415,385 3 2,207,395 ,4 355 ,442,1!
2,405,324 8 2,203,094 ,3 359 .060,9
2,412,078 ,6 2,221,988 0 360 ,990,4
2,422,034 5 2,254,436 ,0 370 ,460,9
2,451,667 ,0 2,304,529 5i385 .497,7
2,496,319 8 2,376,124 ,0 406 ,900,4
2,517,393 4 2,396,487 8 414 841,6
2,533,418 3 2,398,302 9l416 961,1
W e o m it tw o c ip h e r s
C le a r in g s
th o se fo r th e S ta t e b a n k s
COMBINED RESULTS OF BANKS AND TRUST COMPANIES IN
GREATER NEW YORK.
o m it
1
82.104.0
83.713.0
87.205.0
94.158.0
96.854.0
97.724.0
98.257.0
95.366.0
C ir c u
la tio n .
j
C l e a r i n g - H o u s e , c o m p a r e a s f o l l o w s f o r a s e r ie s o f w e e k s p a s t :
W e
S
$
220.514.0 23 ,595,0 4,225 0
216.489.0 22 983.0 4,246, 0
215.239.0 22 095.0 4,453, 0
216.381.0 25 .403,0 4,745, "
214.090.0 28 ,705,0 4,700,
216.575.0 30 ,627,0 4,867,
218.950.0 28 715.0 4,495,
223.021.0 25 982.0 4,095,
D e p o sits.
T h e f o l l o w i n g is a s t a t e m e n t o f t h e e x p o r t s ( e x c l u s i v e o f
s p e c ie ) f r o m t h e p o r t o f N e w Y o r k t o f o r e i g n p o r t s f o r t h e
w e e k e n d in g F e b . 1 a n d fr o m J a n . 1 to d a t e :
T h e a v e r a g e s o f th e N e w Y o r k C i t y C le a r in g -H o u s e b a n k s
combined w i t h
L e g a ls .
a Includes Government deposits and the item "due to other banks.” At Boston
Government deposits amounted to $931,000 on February 1, against 5868,000 on
January 25.
* "Deposits" now include the Item of "Exchanges for Clearing House," which
were reported on February 1 as $18,650,000.
+ Increase over last week. — Decrease from last week.
a These are the deposits after eliminating the Item “ Due from reserve depositories
and other bank.s and trust companies in New York City” ; with this item included,
deposits amounted to §630,213,900, an Increase of $3,155,300 over last week. In
the case of the Clearing-House members, the deposits are "legal net deposits” both
for the average and the actual figures. 6 Includes bank notes.
a n d tru st c o m p a n ie s,
In a ll th e se f ig u r e s .
S p e cie.
103,684,3 370,888,0
103,084,3 365,311,0
103,684,3 364,365,0
103,684,3 365,900,0
103,684,3 367,729,0
103,684,3 371,293,0
103,084,3 374,700,0
103,684,3 378,212,0
15.26%
1.23%
28.18%
(00)
W h ite ,
W e ld
&
C o.
Bonds and Investm ent Securities.
14 W ALL STREET
NEW Y O R K
THE ROOKERY
CHICAGO
111 DEVONSHIRE STREET
BOSTON
^ tx n k tx s ’
(ia ^ e tte *
Wall Street, Friday Night, Feh.
7 1913.
T h e M o n e y M a r k e t a n d F in a n c ia l S i t u a t i o n .— T h o
s e c u r ity m a r k e ts are a g a in a d r if t .
N o th in g h as occu rred
to c r e a te a n y e n th u s ia s m o r e v e n in te r e s t o n th e p a r t o f th e
i n v e s t i n g p u b l i c a n d t h e r e f o r e p r a c t i c a l l y a l l t h o b u s in e s s
r e c o r d e d a t th e S t o c k E x c h a n g e h a s b e e n o f a p r o fe s s io n a l
c h a ra c te r.
A r e n e w a l o f t h e w a r in T u r k e y is u n d o u b t e d l y
o n e o f th o c h ie f c a u se s o f th o c o n d itio n m e n t io n e d , a s th is
li a s k e p t t h e E u r o p e a n m a r k e t s in a s t a t e o f w a i t i n g a n d
in flu e n c e d fu r th e r h o a r d in g o f m o n e y .
T h e m o n e y m a r k e t a t P a r is a n d B e r lin , a n d p e r h a p s t h a t a t
L o n d o n a ls o , in d ir e c tly s h o w th e e ffe c t o f th is h o a r d in g a n d ,
e x c o p t f o r t h o r e a d in e s s w i t h w h i c h w o h a v e s u p p l i e d a b o u t
$ 2 3 ,0 0 0 ,0 0 0 o f g o ld in a n s w e r to th e d e m a n d th u s c r e a te d ,
th o e ffe c t w o u ld u n d o u b t e d ly h a v e b e e n m o r e se r io u s .
T h o w e e k ly s t a t e m e n t o f th e B a n k o f F r a n c e s h o w s t h a t o n ly
a p a r t o f th e g o ld r e c e n tly s h ip p e d fr o m h e re to P a r is h a s
b e e n r e ta in e d b y t h a t in s titu t io n a n d th o B a n k o f E n g la n d
r e p o r ts a p e r c e n ta g e o f re se r v e s u b s t a n t ia lly b e lo w th e
a v e r a g e a t th is s e a s o n .
N o t w i t h s t a n d i n g tli c s o c o n d i t i o n s a b r o a d a n d t h e o u t w a r d
g o l d m o v e m e n t , t h e lo c a l m o n e y m a r k e t r e m a i n s u n c h a n g e d
e x c e p t f o r s l i g h t l y h i g h e r r a t e s in t h o c a s e o f t i m e l o a n s ,
a n d o t h e r d o m e s t i c a f f a i r s , e s p e c i a l ly t h o s e o f a n i n d u s t r i a l
a n d c o m m e r c i a l c h a r a c t e r , a r e g e n e r a l l y in a f a v o r a b l e s t a t e .
N e a r l y a l l t h e r e p o r t s o f r a i l w a y e a r n in g s s h o w u n u s u a l l y
h e a v y t r a f f i c , a n d a l t h o u g h o r d e r s f o r ir o n a n d s t e e l p r o
d u c t s , n o w b e i n g p l a c e d , a r e n o t a s h e a v y a s t h o s e in N o v e m
b e r a n d D e c e m b e r , th e y a r e , p e r h a p s , a b o u t n o r m a l, a n d th e
o u t p u t o f ir o n f o r J a n u a r y w a s t h o la r g e s t in t h o h i s t o r y o f
t h a t in d u s t r y , n o t e x c e p tin g t h a t fo r D e c e m b e r , w h ic h w as
th e n
a
r e c o r d -b r e a k e r .
M o r e o v e r , th e
C le a r in g -H o u s e
r o t u r n s f o r t h i s w e e k s h o w a n in c r e a s o o f b e t w e e n 1 0 a n d 1 1
p er c o n t.
T h o o p e n m a r k e t r a t e s f o r c a ll lo a n s a t t h o S t o c k E x c h a n g o
d u r in g th e w e e k o n s to c k a n d b o n d c o lla te r a ls h a v o r a n g e d
f r o m 2 % @ 3 % - T o - d a y ’ s r a t e s o n c a ll w e r e 2 % @ 3 % . C o m
m e r c i a l p a p e r q u o t e d 4 % @ 4 % % f o r GO t o 9 0 - d a y e n d o r s e
m e n t s a n d f o r p r i m e 4 t o G m o n t h s ’ s in g le n a m e s a n d 5 @ 5 % % f o r g o o d s in g le n a m e s .
T h e B a n k o f E n g la n d w e e k ly s t a t e m e n t o n T h u r s d a y
s h o w e d a d e e r e a s o in b u l l i o n o f £ 2 1 0 , 1 9 8
and
th o p er
c e n t a g e o f r e s o r v e t o li a b i li t i e s w a s 4 7 . 0 2 a g a i n s t 4 7 . 4 3 l a s t
w eek.
T h e r a te o f d is c o u n t r e m a in s u n c h a n g e d a t 5 % , as
fix e d O c t . 1 7 .
T h e B a n k o f F r a n c o s h o w s a n in c r e a s e
3 , 3 7 4 , 0 0 0 * f r a n c s g o ld a n d 3 , 0 3 5 , 0 0 0 f r a n c s s i l v e r .
of
NEW YORK CLEARING-HOUSE RANKS.
(Not Including Trust Companies.) ___________________
1913.
Auerages for
week ending
Feb. 1.
Differences
from
previous week.
8
S
1912.
Averages for
week ending
Feb. 3.
1911.
Averages for
week ending
Feb. 4.
S
S
133,350,000
135.150.000
190,701,500
198.340.000
1.413.500.000 1,308,592,700
47,119,100
50.041.000
1.490.299.000 1,341,002.200
334.500.000 297,575,100
73,315,300
82.132.000
C a p ita l...... .......... ..........
133.050.000
Surplus-----------------------202,480,100
Loans anil discounts— 1.377.001.000 Inc.
Circulation ............. —
40.502.000 D ec.
N et deposits---------------- 1.404.040.000 Inc.
293.507.000 D ec.
S p e c ie ...... .......................
Legal tenders....... ..........
77.050.000 D ec.
3,449,000
101,000
1,517,000
030,000
981,000
Rcservo h e ld .................
25% of deposits.............
371.223.000 Dec.
351.010.000 Inc.
1,017,000
379,250
410.032.000
372,574,750
370,890,400
335,205,550
Surplus reserve.........
20,213,000 D ec.
1,990,250
44,057,250
35,024,850
Note
.— The Clearing House now Issues a statement, weekly, showing the actual
condition of the banks on Saturday morning, as well as the abovo averages. The
figures together with the returns of the separate banks and trust companies, als
tho summary Issued by the State Ranking Department, giving tho condition of State
banks and trust companies not reporting to the Clearing House, appear on the second
pago preceding.
F o r e i g n E x c h a n g e .— T h o m a r k e t fo r s te r lin g e x c h a n g o
d u r in g th e w e e k h a s r u le d s t r o n g , c h ie fly d u o to th e fir m n e s s
i n L o n d o n d i s c o u n t s a n d t h o c o v e r i n g o f m a t u r i n g f in a n c e
b ill s b y p u r c h a s e s o f d e m a n d b i l l s .
To-day's (Friday’s) nominal rates for sterling exchango wero 4 84 for
sixty days and 1 88 for sight. To-day's actual rates for sterling exchango
wero 4 8350@4 8360 for sixty days, 4 8775@4 J--785 for cheques and 4 8830
@ 4 8840 for cables. Commercial on banks 4 8 1 % @ 4 83 %and documents
for payment 4 8254 @ 4 83 54- Cotton for payment 4 83 @ 4 8354 and grain
for payment 4 833-3 @ 4 833^.
The posted rates for sterling, as quoted by a representative house, were
not changed during tho week from 4 84 for 00 days and 4 88 for sight.
To-day's (Friday’s) actual rates for Paris bankers’ francs wero 5 2054 @
5 2054 plus 1-32 for long and 5 1654 less 5-64@5 1654 less 3-64 for short.
Germany bankers’ marks wero 94 9-16@9154 for long and 9554 @ 95 Y
\ plus
1-32 for short. Amsterdam bankers’ guilders wero 40 5-16 less l-32@
40 5-16 for short.
Exchango at Paris on London, 25f. 2354 c.: week’s range, 25f. 2354c. high
and 25f. 21c. low. Exchange at Berlin on London, 20m. 49Mpf-l week’s
rango, 20m. 493-3pf- high and 20m. 4634pf. low.
Tho rango for foreign exchango for the wook follows:
Cheques.
Cables.
Sterling fActu al —
Sixtu Days.
4 8785
4 8845
High for tho week— 4 8360
4 8730
4 8785
Low for the week— 4 8310
Paris Bankers' Francs---
High for the week— 5 20 54 plus 1-32 5 1654 loss 3-64 5 1634 loss 1-16 1
Low for tho week__ 5 2034 less 1-16 5 1674 loss 7-64 5 1674
:j
Germany Bankers’ w
—94 5-16 less 1-32 9534 plus 1-32
High for the week
9434
94 3-16 less 1 32 95 5-16 loss 1-32
Low for the week
9434
Amsterdam Bankers' Guilders—
High for tho week__ 4074 plus 1-16
40 5-16 plus 1-32 4034 loss 1-32
Low for tho week__ 4074
40 5-16 less 1-16 4034 loss 3-32
D o m e s t i c E x c h a n g e . — Chicago, par. Boston, par. St. Louis, 10c.
jjcr 81,000 discount bid and par asked. San Francisco, 30c. per $1,000
premium. Montreal, 4674c. premium. Minneapolis, 60c. per $1,000
premium. Cincinnati, par.
S t a t e a n d R a i l r o a d B o n d s .— S a le s o f S ta t o b o n d s a t th o
B o a r d in c l u d e SIO .O O O N o w Y o r k 4 s 1 9G 1 a t 1 0 1 % , $ 1 4 , 0 0 0
403
THE CHRONICLE
F e b . 8 1913.]
N . Y . C a n a l 4 s 1 9 6 1 a t 1 0 1 % a n d $ 8 5 ,0 0 0 V ir g in ia 6 s
d e f e r r e d t r u s t r e c e ip t s a t 5 2 t o 5 5 .
T r a n s a c t i o n s in r a i l w a y a n d i n d u s t r i a l b o n d s h a v e b e e n
o n a l i m i t e d s c a le a n d f l u c t u a t i o n s h a v e b e e n n a r r o w .
The
m a r k e t h a s b e e n w e a k in s y m p a t h y w i t h o t h e r d e p a r t m e n t s
a t t h e E x c h a n g e a n d o f a li s t o f 2 5 a c t i v e i s s u e s , 1 9 a r e l o w e r .
U n ite d
S ta tes
B o n d s .— S a le s
of
G overnm en t bonds at
th e B o a r d in c lu d e $ 1 0 ,0 0 0 2 s r e g . a t 1 0 1 , $ 4 ,0 0 0 3 s c o u p ,
a t 1 0 2 % to 1 0 3 , 1 ,0 9 0 3 s r e g . a t 1 0 2 % , $ 5 1 ,0 0 0 P a n a m a 3 s
c o u p , a t 1 0 2 % to 1 0 3 , $ 1 5 ,0 0 0 P a n a m a 3 s r e g . a t 1 0 2 % to
1 0 2 % a n d S 4 ,0 0 0 4 s c o u p , a t 1 1 3 % to 1 1 4 % .
For to-day's
;prices of all the different issues and for yearly range see third
page following.
R a i l r o a d a n d M i s c e l l a n e o u s S t o c k s .— T h e v o lu m e o f
b u s in e s s in s t o c k s h a s s t e a d i l y d i m i n i s h e d a n d t h e t e n d e n c y
o f p r ic e s h a s b e e n t o w a r d s a lo w e r l e v e l t h r o u g h o u t t h e
w eek.
T h e o n l y e x c e p t i o n s t o t h i s t e n d e n c y in t h e r a il
r o a d lis t w e ro L e h ig h V a l le y , R o c k I s la n d , a n d t o -d a y th e
lo c a l t r a c t i o n a n d U n i o n P a c i f i c is s u e s .
S o u th e r n P a c ific
h a s b e e n n o t a b ly w e a k , c lo s in g 4 % p o in t s lo w e r .
C a n a d ia n
P a c i f i c h a s f u r t h e r d e c lin e d a n d P e n n s y l v a n i a h a s l o s t 2 %
p o i n t s o n t h e p r o s p e c t o f n e w is s u e s o f s t o c k o r n o t e s .
O n th e o th e r h a n d se v e r a l in d u s tr ia l s t o c k s a r e h ig h e r ,
in c lu d in g C o lo r a d o F u e l & I r o n , M e x ic a n P e t r o le u m a n d
U . S . R u b b e r , e a c h o f w h ic h h a s a d v a n c e d 1 % p o in t s .
For daily volume of business see page 4 1 1 .
T h o fo llo w in g sa le s h a v e o c c u r r e d th is w e e k o f sh a r e s n o t
r e p r e s e n t e d in o u r d e t a i l e d l i s t o n t h e p a g e s w h i c h f o l l o w :
STO C K S.
Week ending Feb. 7.
Sales
for
Week.
Range for Week.
Lowest.
Adams Express________
125 145
Feb
Allls-Chal rets, 3d paid. 1,300 354 Feb
Preferred rets, 3d paid
400 9
Feb
Am Rrake Shoe & F d y ..
200 95 Feb
P referred______ _____
200135
Feb
American Express--------255160 54 Feb
Am Telegraph & Cable.
100 64 Feb
100 9654 Feb
Am Water W ks & G , pref
Balt & Ohio rights--------- 9,000 7-32 Feb
300 754 Feb
Brunswick Term inal—
100 62 54 Feb
Canada S o u th e r n .........
Canadian Pacific rights. 22,153 15 >6 Feb
Chic M il A St P rights.. 2.0S5 7-32 Feb
300155
Feb
Colorado Fuel A Iron pfd
075 29
Feb
Colorado A- S o u th e rn ...
Com stock Tunnel -------- 7.750 8c. Feb
70102 <A Feb
Consolidation C oal-------Feb
300 90
Cuban-Amer Sug, p r e f..
510 99 54 Feb
Deere & C o, pref----------D el Lack & W subscrip
600 405
Feb
rets, 50% paid_______
310 80
Feb
D etroit U nited________
15 15
Feb
Green Ray & W , deb B .
H avana El Ity L & P . . .
100 87 Feb
Homostake M ining____
438117
Feb
Int Agricul Corp v t c ._
300 31
Feb
130 80
Feb
Preferred v t c _______
K C Ft S & M pref_____
120 74 Feb
100 45 Feb
Keokuk A 1503 M , pref.
Lou A Nash subscrip'n
rets 1st Install paid__
10013S54 Feb
100 84 Feb
M ackay Companies-----100 67 Feb
P referred -----------------100 9654 Feb
M exican Petrol, pref—
10C 58 Feb
N Y Chic A St Louis-----10C 4254 Feb
N orfolk Southern--------40C 2 'A Feb
Ontario Silver M in in g ..
70C 27 54 Feb
P cttib on e-M u lllk en -----1,250 96 'A Feb
10C 99 Feb
Philadelphia C o _______
100 A Feb
Quicksilver Mining, pfd.
Feb
United Cigar M frs__ __
300 50
100 98 ‘A Feb
United D ry G oods_____
P retcrred ____________
100 105 A Feb
U S Express____________
10 55 Feb
U S Indus Alcohol, pref.
100 95 Feb
Virginia R y A Power__
500 54 54 Feb
Vulcan Detinnlng--------100 2154 Feb
10 87 'A Feb
P referred............. ........
120 112% Feb
Wells, Fargo & C o --------
'A
4
Highest.
6 150
Range
since Jan. 1.
Lowest.
Highest.
Feb
1 4 >4 Feb
5 9 A Feb
3 96
Feb
4 135
Feb
1166 Feb
6 64 Feb
7 9 6 4 Feb
3 9-32 Feb
5 8 Feb
1 6214 Feb
5 10 A Feb
7 7-32 Feb
1155
Feb
Feb
c
7 13c. Feb
6 102 A Feb
Feb
4 90
4100
Feb
4 140
1 354
5
0A
4 03 A
4 130
6 160
6 64
9054
1 7-32
5
754
i 6254
i 1554
7 7-32
1 150
4 29
6 8c.
6 10254
4 90
1 9954
J an l50
Jan 4.'4
Jan 1254
Jan 9654
Jan 13654
Jan 166
Feb 0054
Feb 99
Jan 7-16
Jan 8
Jan 62 54
Feb 1954
Feb
54
Jan 155
Feb 33
Jan 13c.
Feb 10254
Feb 90
JanlOOH
Jan
Feb
Jan
Jan
Jan
Feb
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Feb
Jan
Feb
Jan
Feb
Jan
6420 Feb
3 80)4 Feb
4 16
Feb
6 87 Feb
7 117 A Feb
7 33 A Feb
80
Feb
I 74 Feb
45
Feb
4 405
4 7854
1 15
6 8654
3 110
3 31
7 80
7 74
4 45
Feb 420
Jan 8054
Feb 1754
Jan 87
Jan 11754
Feb 39
Feb 90
Feb 78
Feb 45
Feb
Feb
Jan
Feb
Feb
Jan
Jan
Jan
Feb
6 13854 Feb 13854
5 8154 Jan 87
1 6654 Jan 6854
7 9054 Feb 9954
4 58
Jan 6354
6 42 54 Feb 43
3
254 Jan 254
Jan 2854
3 27
4 90
Jan 9854
Jan 9954
5 99
6 454 Feb 4 54
7 r4654 Jan 5054
7 9854 Feb; 101
3 104 54 Jan 10554
Jan 66
3 52
3 95
Jan 95
6 51
Jan 5554
1 2154 Jan 2154
5 8754 Feb 90
6 110 Jan 123
Feb
Jan
Jan
Jan
Jan
Jan
Feb
Feb
Feb
Jan
Jan
Feb
Jan
Jan
Jan
Jan
Feb
Jan
Jan
Jan
SiVs
4
6 1.385*
5 84
1 67
7 or, A
4 58
6 4254
6 2A
1 28 A
7 08 A
5 99
6 4 '4
7 50 A
7 98 A
3 10554
3 55
3 95
3 55 A
1 2151
5 87 A
111454
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Feb
O u t s i d e M a r k e t . — “ C u r b ” s e c u r i t ie s w e r e v e r y q u i e t t h i s
w e e k , flu c tu a t io n s b e in g o f lit t le m o m e n t .
In t e r e s t w a s a l
m o s t e n t i r e l y a b s o r b e d b y t h o e x t r a o r d i n a r y ris e in a n u m b e r
o f t h e S t a n d a r d O il s u b s i d i a r i e s , w i t h a r e a c t i o n r e p o r t e d in
s o m e c a s e s e q u a l l y la r g e .
T h e p r in c ip a l f a c t o r c o n tr ib u tin g
n o d o u b t t o t h e m o v e m e n t in t h e s e s h a r e s w a s t h e a c t i o n o f
t h o d ir e c t o r s o f t h e S t a n d a r d O il o f N . J . in a n n o u n c i n g a c a s h
d is t r ib u tio n o f $ 4 0 a s h a r e , w h ic h a d v a n c e d th e p ric e fr o m
4 3 2 to 4 4 8 , t h o u g h it so ld d o w n fin a lly to 3 9 6 , e x th e d iv id e n d
of $40.
T o b a c c o sh a res w ere v e r y d u ll.
B r itis h -A m e r ic a n
T o b a c c o w e a k e n e d fro m 2 4 % to 2 4 % a n d en d s th e w e e k a t
24% .
U n it e d C ig a r S to r e s c o m . d r o p p e d fr o m 1 0 8 % to
1 0 7 % a n d c lo s e d t o - d a y a t 1 0 7 % .
C o n s o lid a te d R u b b e r
T i r o c o m . w a s c o n s p i c u o u s f o r a r is e o f 5 p o i n t s t o 2 6 , w i t h
t h e f i n a l f ig u r e t o - d a y 2 5 . W i l l y s - O v e r l a n d c o m . w a s o f f f r o m
7 1 t o 6 9 % , t h e c lo s e t o - d a y b e i n g a t 6 9 % . A f e a t u r e i n t h e t r a d
in g w a s th e a p p e a r a n c e o f S o u th e r n P a c ific s t o c k “ w h e n re
l e a s e d ,” w h i c h s o l d d o w n f r o m 1 0 3 %
to 1 0 2 % .
H eavy
t r a n s a c t i o n s w e r e a l s o r e c o r d e d in S o u t h e r n P a c i f i c a n d
U n io n P a c ific “ r i g h t s ,” th o fo r m e r d o w n fr o m % t o 1 1 -1 6
a n d b a c k to % , a n d th e la t t e r o f f fr o m % to % a n d u p t o %
fin a lly .
B o n d s w e re q u ie t a n d s t e a d y .
B r o o k ly n R a p id
T r a n s i t 5 % n o t e s a d v a n c e d f r o m 9 6 % t o 9 7 , w i t h t h e c lo s e
to -d a y a t 9 6 1 5 -1 6 .
C a n a d a S o u th e rn 5 s w e n t u p fr o m 1 0 7 %
to 1 0 7 % .
W e s t e r n P a c i f i c 5 s d e c li n e d f r o m 8 7 %
to 8 7 .
N . Y . C i t y 4 % s o f 1 9 6 0 f e ll f r o m 9 9 1 1 - 1 6 t o 9 9 % ; t h e 4 % s
o f 1 9 6 2 a d v a n c e d fr o m 9 9 % to 9 9 1 1 -1 6 a n d re a c te d to 9 9 % .
C o p p e r sh a res w ere h e a v y .
B r a d e n C o p p e r fe ll fr o m 9 % to
9 a n d re c o v ered to 9 % .
G ir o u x w e a k e n e d fr o m 3 1 -1 6 to
2 % , m o v e d u p to 3 % a n d so ld b a c k t o -d a y to 3 1 -1 6 .
G reen e
C a n a n e a w a s t r a d e d in a t 8 % .
M a s o n V a lle y d ro p p e d fro m
8 % t o 7 % a n d c lo s e d t o - d a y a t 8 .
O u t s i d e q u o t a t i o n s w ill b e f o u n d o n p a g e 4 1 1 .
404
New York Stock Exchange—Stock Record, Daily, Weekly and Yearly
OCCUPYING T W O PAGES
For record of sales during the week or stocks usually inactive, see preceding oa?e.
STOCKS— HIGHEST
Saturday
Feb. 1
Monday
Feb. 3
AND
Tuesday
Feb. 4
LOWEST
SALE
Wednesday
Feb. 5
PRICES.
Thursday
Feb. 6
Friday
Feb. 7
'Sales 0
the
Week
Shares
STOCKS
NEW YORK STOCK
EXCHANGE
Range Since Jan. 1.
On basis 01 JUO-snare tots
Lowest.
Iwtvest.
H iqhesl
Railroads
t
103% 104
1033.1 1037s 103% 104
103% 10334 103% 1033, 103% 1033,i 5,525 A tch Topeka & Santa Fe 103% Feb 6 106% Jan 6
1013^ 1013.1 *1 0 1 % 1013., 1 0 1 % 1 0 1 % *1 0 1 % 1013, 1 0 1 % 1 0 1 % ■*101 % 10134 1,025 iV Do p r e f_________ 100% Jan 2 102*4 Jan 29
12934 130 *129 129% *129 12934
*130 131 *12934 131 *130 131
30C Atlantic Coast Line H R .. 128 Jan 17 133% Jan 9
1 0 2 1 t 1023s 102S3 102% 1 0 2 % 1 0 2 % 102
102*4
2.00C IJaitimore & Ohio______ <1101 % Jan 27 106% Jan 22
1 0 2 l8 1 0 2 *s 1 0 2 % 1 0 2 %
§833., S334 84% 843,
423 * * Do p r e f _________ <z83%Jan 30 8 8 Jan 10
84% 8412 *831- 84% 84% 84% 84
84
913., 90% 913S 901., 90% 90
91
90*- 90
90
91% 6,20C Brooklyn Rapid Transit. 88*2 Jan 23 92% Jail 9
90
24012 241 239% 241 23S% 240% 236% 238% 237% 233*1 238*4 239*., 19,175 ( 'anadlan P a c ific ____ 1236*4 Feb 5 266% Jan 9
*353 360 *353 360 *353 360 *353 360 *353 360 *353 360
V entral of New Jersey » 360 Jan 17 362 Jan 13
773., 7734
7813 7S12 *77% 7834 78
500 Chesapeake <Sc Ohio____
77% 771- 78
78
78
75% Jan 14 80 Jan 2
*16>2 17 *16% 17% 163, 17 *1 0 % 17% 16% 16*4 17
17
700 Chic Gt West trust ctfs__
16 Jan 18 17% Jan 9
33% 1,600
31 Jan 14 35 Jan 9
*31
33
*31
32% *31
32% 31% 31% 32% 33% 33
Do pref trust otfs___
11334 114 113% 114
113% 114% 113% 114 nil 0 -% 1 1 1 % 111 1 1 1 % 9,070 Chicago Mlhv & St Paul. <U10% Feb 6 116% Jan 9
*142 150 *141% 147
100
145 145 *143% 145 *138 143 *138 142
Do pref_______
140 Jan 3 145 Jan 30
317 Chicago & North Western 135 Jan 15 138 Jan 11
*13612 13712 137% 137% §137 137 *135 137 *136 137 §136 136
65
Do pref_______
•181 189 *181 189 *181 189 *180 189 *18(1 190 §182 135
§182 Feb 7 §189 Jan 6
*53
54
54
54
54
*53
56
2 0 0 Cleve Ctn Chic & St L
56
*53
56
*53
56
53 Jan 14 54 Jan 21
*92
*90
95
*92
95
95
♦90% 95
*90
95
*90
95
94% Jan 10
*164 16612 *164 166% *163 166% *162 165 *162 165 *164 168
I Delaware & Hudson.
164 Jan 22 167 " Jan 8
4343.1 435 ♦418 440 *418 440 *418 440 *418 420 *405 420
2 0 0 A^elaware Lack & West
4 3 4 % Feb 1 445 Jan 13
22
*2034 2 2
*21
*20*4 23
*21
*21
*21
23
23
23
20% Jan 14 23*s Jan 9
Denver & Rio Grande.
3734 3734
*37% 39
100
♦37% 39
*37
40
*36
40
*37l2 40
Do pref__
37 Jan 17 41 Jan 10
*6
*0
*6
*6
8
8
*6
*6
8
8
8
8
8
Jaa 3
Duluth So Shore & Atian
8*2 Jan 2
•131* 17
*13
*13% 16% *13% 16*2 *13*2 16% *13i2 16*2
17
15*8 Jan 4
Do pref. .
313s 31% 31% 31% 31% 31% 31
31% 4,700 W 'rle--------------------------30 Jan 14 32i- Jan 6
31% *30% 31% 31
48% 4812 *4734 48*4 48% 483., 48% 483g *4734 48% 48% 48*., 1,500
46*2 Jan 17 49*2 Jan 30
Do 1st preferred__
100
38 Jan 17 41 Jan 30
*39% 41% *39
*3912 41
411- 39% 39% *38*2 39*2 *383, 39*2
Do 2d preferred__
125% Jan 17 132% Jan 9
1283.1 1287s 1283g 12938 128% 128% 12 S 128*., 128 128% 128% 12834 4,300 Great Northern pref__
39
3S34 40
38*2 38*2 1 ,0 0 0
*3912 40
39
37% Jan 17 41%Jan 3
39% *38% 39*2 39
Iron Ore properties
0 0 0 I lllnols Central___
121
Jan 24 12878 Feb 5
♦12712 128*2 1283s 128% 128% 128% 128% 1287s ♦128 128*2 *128 128*19% 18,325 1 uterboro-AIetrop v t ctfs 17 Jan 21 19% Jan 30
19
18% 18*2 17% 18% 18
18l2 193, 18% 19% 18
59 Jan 21 65%Jan 30
64
62% 63% 62% 0 2 % 61% 62
61*4 63*2 15,400
Do pref_________
65
636s 65
2634 26% 26%
26% 26*s *26
300 1 / ansas City Southern.. 25 Jan 14 27% Jan 9
*26I4 26*4 26% 26% *26% 27
*57
61
61
59*2 Jan 14
6 U-Jan 7
*57
100 x v Do
*57% 62
*57
61
60*4 60%
preferred__
*5712 62
14
*10*2 14
11 % 1 1 % *1 0
1 0 0 I ake Erie & Western..
11*2 Feb 5
11% Feb 5
*1 U2 14 * 11 % 14 *1 1 % 14
*30
♦30 35
35
30
30
100
30 Feb 7 35 Jan G
*30
*30
35
Do preferred . . .
*30
35
35
15S% Jan 17 168% Jan 2
I 6 U2 162l4 161% 1623., 161% 163% 1613s 161% 161*2 161% 161*2 16134 21,500 Lehigh Valley_____
500 Louisville A Nashville.. il36% Jan 20 142% Jan 10
138% 138%
113912 13912 5139% 139% 139% 139% *138% 139% 139 139
132 132% *131% 133
132% 132%
550 \'l anhattan Elevated.
129% Jan 4 132% Feb 7
•13U2 133 *132 133 *131% 133
DJ. inneanolls A St T.nni* 20*2 Jan 17 23*4 Jail 2
47
547
30
47 Jan 29
1 ,0 0 0 Minn St P A S S Marie
137% Jan 15 142% Jan 9
13934 140
140% 140% 140*4 14034 1401., 140*4 140 140 140 140
17
•142 155 5145 145 *145 152 *145 162 *142 150 *144 150
Do preferred..
§145 Feb 3 §150 Jan 22
♦27
28
28
27% 27% *27
27% 1 ,0 0 0 Mo Kansas A Texas
*2634 273., *2634 27% *27
25% Jan 14 29% Jan 7
61% 6 U2 *61% 62*2 ♦61% 63
6 1 78 61%
63
*61
200
63
*61
59% Jan 14 63*4 Jan 7
Do preferred______
41% 4178 4HS 41% 41% 41% 41 41% 41% 41% 41% 4134 4,000 Missouri Pacific.
40 Jan 14 43% Jan 9
*59
65
*59
*59
•60 65
*59*2 64
*5912 64
64
64
24% ♦24 25
*24
*23% 24
*24
25
*24
24
24
25
100
24 Feb 7 27% Jan 2
Do 2d preferred . .
108% 108% 10734 108
IO8 I2 10812 10S% 10S% 109 109
107% 108
1,823 N Y Central A Hudson
106% Jan 17 109% Jan 30
129 129 *128% 129% 129 129
•129 130
129 129
129% 129% 2,800 N Y N H A Hartford..
127% Jan 27 129% Jan 10
*3112 3212 31% 31% 3134 32
31% 31% 31% 31% 31% 32
700 N Y Ontario A Western
31 Jan 3 33% Jan 11
11038 110*4 1 1 0 1 1 0 % 109% 110% 10934 109% 109*2 10934 109*2 109*4 6,660 Norfolk A Western
109*2 Feb 6 113% Jan 3
*85
92
* 86
92
*8 8
89
75
75
100
75 Feb 1
11914 11912 119% 120% 119% 120
119% 11934 7,210 Northern Paclfio._~__
118% 119% 119 119
117% Jan 15 1 2 2 % Jan 6
12ll8 12278 121 % 1 2 2 % 12134 121% xl I87g 1 2 0 % 119 11934 120 1 2 0 % 23,500 Pennsylvania______
r ll 8 % Feb 5 123% Jan 7
Plttsb Cln Chic A St L__
100 Jan 15 104 Jan 11
•10012 106
*1 0 0 % 106 *100% 105 *100% 105 ♦1 0 0 % 104 *100*2 101
*105 12 0 *105 1 2 0 *105 1 2 0 *105 120 *105 120 * 1 0 0 115
184*4 16578 165% 16634 165% 166% 164% 165% 104*2 165% 165 165% 156,650 1 > calling-_____________ 100% Jan 17 16878 Jan 2
600 44 1 st preferred______ 90 Jan 3 91% Jan 27
90% 91
90% 90% *90% 92
*90% 91%
*90% 92
*9012 92
9134
300
93
♦91
92
91% 91% 91% 91% *91
2 d preferred_______
91 Jan 14 93 Jan 2
•0153 92% *91
20% Jan 20 247g Feb 4
23*s 23*4 23% 24% 24% 24% 24l4 24% 2334 24% 23*4 24% 24,920 Rock Island Company..
42l4 42l4 42
44
42% 4334 43
43% 42% 42*2 42% 42% 13,600
Do preferred________
44% Jan 2
550 O t Louis A San Fran .
17
17
*17
17%
17% *17
*16*4 1712 17% 17% 17% 18
15% Jan 20 19% Jan 11
62
200
*56
561-1 57
62
*58
63
*58
60
♦58
♦58 62
Do 1st preferred...
65*2 Jan 22 58 Jan 13
2734 28
*27
28
1 ,1 0 0
*27% 28
27% 28
♦27% 28
*27% 28
Do 2d preferred______ 25% Jan 17 29 Jan 11
*33
*33
361?
*33
36
*33
35
35% *33
36
3612 *33
St Louis Southwestern.. 35*2 Jan 13 35% Jan 13
*73% 75
*73i2 75
*731- 75
*73% 7 5
*73*2 75
73*2 Jan 14
*73*2 75
*19% 20*2
200 Seaboard Air Line______
18*4 Jan 22 20% Jan 30
«10l2 20% 20% 2012 *19% 20% *19% 2034 20
20
200
*47% 48
47% 47% *47% 48
Do preferred________
45 Jan 3 48% Jan 29
•47U 47*4 4734 473. *47% 48
101% 105% 121,345 Southern Pacific Co_____ 104% Feb 7 110 Jan 30
105 105% 104% 106
107l2 108% 106 107% 10434 107
27
*27
27
27
27
27% 27
27
27
27% 27% 27% 1,200 Southern r tr ctfs stmpd. 26% Jan 17 28% Jan 2
Do pr-J
do
78% Jan 18 81 Jan 11
80*3 80*2 1,600
80U 80% 80% 80% 80% 80% 79% 80% ♦79% 81
21%
200 r|'cxas A Paoiftc_______
*20
21
21
20 Jan 20 22% Jan 8
•20% 21% *20
21
20% 20% *20% 21
3,700 A hird Ave New
383., 37*4 3734 3834 39
..
39% 3978 39% 393.1 *38
39
38
36*2 Jan 14 40% Jan 2
4
_
*2*4
*2% 4% *2% 4% *2*4 4
loledo Railways A L t__
♦2% 6
3 Jan 14
3 Jan 14
*10
13
13% *10*2 13*2 *10*2 13
13
12% *11
'loledo St L A W estern..
*10
*10
11 Jan 21 13 Jail 9
*25
29
*26*- 29
*26*2 29
29
*27
29
28*4 *27
*25
*106
108
*106 107% *105% 107t2 *105% 107% *105% 108 *106 108
Twin City Rapid Transit 105 Jan 3 108*4 Jail 23
160U 161% 160*3 162% 160% 161% 169*2 16034 159*2 100% lGOfy 161% 110,500 i Inlon Pacific________
155% Jan 14 162% Jan 6
♦89% 90
89*- 89% 8978 90*2
974 V) Do preferred
§90 90
90
90U 90% 90
89*4 Jan 14 93*2 Jan 0
32
31
32
32
32
31
*32
34
34
*32
34
400 Unit Rys Inv’ t of San Fr 31 Feb 7
*32
60
69
*59
*69
60
69
*69
61
300
*6012 61% 60% 61
Do preferred________
59 Feb 7 63% Jan 2
*3^4 4
♦334
4
4
4%
*3i2 4
*31a 4
*312 4
100 VVf abash_____________
3% Jan 14
4 Feb 3
•1234 14
12*4 13
*12% 13% ♦1 2 % 13% ♦12% 13% *1 2 % 13
300
12 Jan 15 13% Jan 14
Do
preferred____
44% *44% 4134 4434 45
44
44% 44
43% 44
•4212 44
2,550 Western Maryland R y__
37% Jan 7 46 Jan 2
8*2
*7l2
*7
8%
♦
7
%
*7*3 7*4 *7% 8
*7%
8*2
8*2
7*4 Jan 20
8 Jail 3
Wheeling A Lake Eric__
27
*25
♦25
27
*25
27% *25
27
•25 27
*25
28
26% Jan 30 28*8 Jail 13
♦12
14
*10*2 14
14 *10*2 12
*12
14
*12
•12
14
12 Jan 14
60*2
61
*49
55
65
*50% 64% 60*3
61
♦47% 51
*60
200 VVIsconsin Central_____
46 Jan 15 51 Feb 6
In dus trial A.Miscellaneous
727S 73% 72*4 73% 72% 73% 71*4 72% 71% 71*4 72
7234 76,600 A malgamatcd Copper.. 70% Jan 20 80% Jan 2
6334
*52
*62
*53% 64
53% *61% 64
53*2
100 TV merAgrlculturai Cheni 46% Jan 17 57 Jan 3
5334 63*4 *52
99*2 ♦95 991- *95
•07
98% ♦90
98% *90
98% *95
9S%
9773 Jan 15
37*2 37% 37*s 37% §37
37
87i4 37% 37% 37% *37% 33
950 American Beet S u g a r .... 35 " Jan 7 60% Jan 2
90
*83% 90
*83% 89% *83% 00
*83*2
*83% 90
•83t2 90
417S 437g 40*3 4334 39
393, 39*2 40 127,700 American Can__________
41
38*2 39% 39
25*j Jan 14 4678 Jan 31
1217s 125
125*4 12712 126% 12734 12612 127% 124 126
125 125% 12,218
Do pref_____________ 113% Jan 14 129% Jan 30
63
*53
*53
5-1
53% 531., 63% 63% 53
53*2 *53*4 64
300 American Car A Foundry 61% Jan 17 50% Jan 2
*115 117 *115 117
116 116
116 116 *115 116*2 *115% 116%
300
Do pref_____________ 116 Feb 4 116% Jan 21
47% 47*2 *47*2 60
4712 47% 47% 47% *47% 481., *47*8 48
400 American Cities________
47*2 Jan 14 48% Jan 6
77%
78
78% 76% 76%
76*2
77»*
100
Do preferred________
76% Feb 6 78% Jan 2
62
52
54
51% 6234 51
*51
61% 60*3 60% •50 62
1,800 Amerloan Cotton OH___
48% Jan 22
*95% 101% •95% 100
•951- 100
•9512 100
*95% 100
•95% 100
*47g 6%
4% 4% ♦4*2 6
4% 4% *4% 6
5
5
600 American Hide A Leather
4 Jan 14
29
*27
*20U 27
27
•26
29
27
28
28
•26% 27
200
Do pref____ ________
24*2 Jan 17 28 Jan 7
23% 23*4 23% 23% 23
23
23% •23
23
23*4 •22*4 23*2 4,800 American Ice Securities. 20 Jan 2
11
•1012 11*4 *1034 11% •1034 11% *10% 1134 11
§10*4 1Q34
100 American Linseed______
10 Jan 14 11% Jan 31
32
*30% 32
33
*30
32
*30
♦30 32
♦30 31% *30
411, 41% 40% 40% 40% 40% 39
39% 38% 39% 39% 39% 1,310 Amerloan Locomotive__
*106 105% 105% 105% *102 106
104% 105 *104% 105 §105 105
430
Do pref_____________ 104% Feb 5
12
*1114 12
12
•11
12
•11
12
•11
*11% 12
*11
American Malt Corp___
12 Jan 14
•66
68
58
*56
68
*57
68% •86
58
67*2 67*2 ♦56
200
Do pref_____________
57 Jan 24
*861i 86% 86
•851* 86
88
86
86
*85
86
233 Amer Smelters Seo pref II
•85*2 86
73lj 73*4 73% 74
73 73% 12,200 Amer SmeltlngA Refining
73
73% 72% 72% 72*2 72%
*106 106% •106% 108% •106% 106% 106% 106*2 106*2 106% 107 107
650
Do pref________
105% Jan 16 107 Feb 7
BAN K S
Banks
New York
Bid
A etna_____ 200
America U._ 610
Atner Exch. 230
Battery Pk. 130
BeweryH__ 425
Branx Boro'a 300
Bronx Nat. ISO
Bryant Pk 11 150
Butch & Or 130
Cleatury H-., 225
Chase . . . . . 1700
Banks
Chnt&Phcnlx
210 Chelsea ExU
620 Chemical_
235 Citizens’ Otl
140 City_______
' — 8- Coal & Iron
___ Colonial U._
1<J5 Columbia 1|.
Commerce .
140 Corn Ex H__
230 East River.
Fidelity ^_
Ask
A N D
Bid
Ask
180
150
440
197
405
160
425
330
fl«7
818
75
165
185
153
450
203
412
105
340
323
175"
TR U ST
Range tor Previous
Year 1912.
Highest
io:n4 Feb 111% Oct
1**1% Jan 104% Feb
a130% Dec 14.8*2 Aug
1 1 0 1*4 Feb
86*8 Aug
91 Jan
76-% Jan
941-JBy
2 201 - Men 2S3 Aug
305 Jan
6 8 % Feb
15% Deo
20% Oet
30*2 Dec
99% ,1’ly 117% Nov
139% Dec 110 Jan
134% Dec 145 Apr
188
Nov 198 Mch
4514 Dec
621- Apr
162 Dec 175*2 Feb
530 Aug 697 Dec
18% J By
24 Mch
34*4 J’ne
46% Jan
8
Sep
11% May
14 Dec
23 May*
30 Dec
47*2 Dec
38 Dec
126 Jan 113% Aug
30 Jan
53 Sep
120% May 441*8 Jail
10% Dec
22 JBy
63% Jan
67% Oct
221- May 31% Sep
. 50 May 65% Mch
111- Jan
18 Apr
30 Jan
40 May
1557s Feb 185% Jan
138 Dec 170 Aug
1287 S Dec
138% Mch
§ 40 “ Feb
129 Feb
146
Dec
25*2 Dec
67% May
35 JBy
C2's Oct
2 0 % Oct
100*8 Dec
126 Dec
2y7g J'ne
154*2 Aug
158 Aug
31*8 Mch
66
Apr
4734 Mch
1 2 U-
Apr
4l»a Apr
110734 Feb
119% Aug
116*8 Jan
1197s Dec
98*? Jan
131% Aug
1 2 0 % May
liu - Sep
148*8 Jan
87*2 J’ ne
92 Dec
22% Dec
42*.t Deo
17*2 Dec
58*2 Dec
26*2 Dee
29% Jan
179*4 Apr
93*4 Apr
ion - Apr
301- Apr
597%Apr
2912 Mch
09*2 Jan
4334 Apr
403 S Oct
805g Oet
27*2 Apr
18 " Dec
44% Dec
103*2 Dec
26*9 Jan
68*4 Feb
115% Apr
32 Se’p
8G7S Oct
33% Dec
1638 Mch
Oct
51
JBy
45 Dec
4 Jan
48 Feb
60 Feb
54*8 Dec
98 JBy
46*2 Dec
11% Feb
90% Feb
49 Feb
115 Feb
30% Oet
75% Aug
20 Feb
11118 Sep
1763t Sep
l)6i2 Dec
3978 Dec
GDIs Dec
64% Mch
11% Oct
36l2 Oct
1712 Oct
62% Aug
92% Oct
63% Mch
104*4 Mch
7/ ' Sep
101*1 jBie
473s Oct
1 2 0 % Sep
120
May
30-31 May
110% Aug
19*8 Aug
69% Aug
66% Deo
102% Jan
91 Sep
1093,8 Sep
p-j
C O M P A N IE S — B R O K E R S ’ Q U O T A T IO N S .
BU
Ask
Banks
Fifth AveU. 4300
Filth _____ 300 325
First ______ 995 1010
Fourth___ 193 202
Garfield__ 270 280
Germ-Am 1| 140
Gerin’ n Ex1| 400
Germania 11.
530
G otham __ 175
Greenwich U 250
H anover... 700 710
Bantu
Bid
Harrliuan. 290
Imp & Trad 550
I r v i n g ............. 198
Liberty____ 640
Lincoln___ 360
vianhat tan U 345
vlark’ t*Ful 252
vlech&Met’s 253
vierch Exch 163
Merchants'. 197
Ask
300
660
203
600
360
259
253
160
205
Banks
Metropolis 1]
Metropol ’ nlj
•Vlt MorrisU.
Mutual H__
Nassau ___
New Neth.1i
New YorkCo
New York.
I’ actfioH___
Hark______
People’s u._
mi
Ask.
365
190
200
290
365
197
220'
850
300
255
365
240
210
SIS
405
265
370
250
Banks
Prod Exch K
Reserve__
->eaboard _
■second . . .
ocourltv’I _
Sherman..
State I)__
23d Ward 11.
Union Exo
Wash H’ ta ^
West Side 1]
Yorkvllte U.
Hid
Ask,
168
03%
450
375
133
135
240
175
160
276
575
690
173
400
140
265
170
eaV”
010
-5
and asked prices.; no sales wore made on this day. JEx-righta. SLess than 100 ihares. UState banks, a Ex-dividend and rights, o New stock.
T Sale at Stock Exchange or at anotlon this week. First Installment paid, n Sold at private sale at this price, s Ex-dlvldond. IFull paid.
I
405
New York Stock Record—Concluded—Page 2
F e b . 8 1 9 1 3 .]
For record of sales during the week of stocks usually inactive see second sage ireccding.
STOCKS— HIGHEST A N D LOWEST
Saturday
Feb. 1
Wednesday
Feb. 5
Tuesday
Feb. 4
Monday
Feb 3
Sales of
the
Wee*.
Shares
SALE EIHCES
Thursday
Feb 0
Friday
Feb 7
STOCKS
NEW YORK STOCK
EXCHANGE
Range Since Jan. 1.
On basis of 100-sAare lots.
Lowest
Highest
Industrial and (Vise.(Con)
American Snuir_________
Do prof, new_______
■Vmer Steel Found (new).
•Vmerlcan Sugar ReQnIng
Do prel_____________
Vmerlcan Teleph & Teleg
American Tnhnncn
Preferred, new_______
Vmerlcan Woolen__
Do pref____________
Amer Writing Paper, prf.
1AnacondaCopper Par$ 25
Assets Realization
Oakluln Locomotive__
* * Do p r e l______
Bethlehem Steel______
Do p rel__________
Brooklyn Union Gas___
Butterick Co______
( ’allfor Petrol vot tr ctfs
187% Jan 14 193 Jan 22
100
190 190
*188 193 ►188 193 *190 193 *188 193 *189 193
104 Jan 6 105 Jan 21
*10512 100 ►103 105 *103 105 ►103 105 *103 105 ►103 105
40*2 Feb 3
33*4 Jan 14
2,375
*37
39*2
*38%
39*2
*3,8*2
39*2
39
40
39*4
40*2
36% 3934
113*2 Jan 15 118 Jan 31
1173.1 117% 1117*4 117% •116 118 *116 118 *116 118 117% 117% 1 ,0800
115 Jan 15 116% Jan 28
00
110
116
115*8 116 *116 118
:116% 110*2 *116 118
*11012 US
U31% Jan 31 140 Jan 3
131*4 131% 131% 131% 131% 131% 7,980
'131% 132% 131% 132*8 13178 132
270 Jan 14 294*4 Jan 10
12,040
(285 285 282 284 280*2 284*4 280*2 284*4 282 283*2 281*2 282
200
103 Jan 3 106*8 Jan 27
105% 105*2 ►105 106 *105 105% 105*2 105*2 *105 106 *105 105*4
1
0
0
17*2 Jan 14 18*4 Jan 11
*17%
18
*17%
18
17% 17% *17*1 18*4 ♦17*4 18*4 *17*4 18
77% Feb 3 81 Jan 3
1,065
80 *78 80
77*2 79*! 78% 79*2 79% 79*2 *77
(79
79
29*4 Feb 7 32% Jan 2
1 ,2 1 0
31% 30% 30*8 29*4 30
31% 31% 31
*30*4 32
*31
32
36% Jan 15 41%Jan 2
37
37% 3G34 37*4 37*8 37% 6,450
37% 33
37% 38
37% 38
115 Jan 30 120 Jan 7
100
•___ 12 0 *___ 119% 116 116 *___ 116 *114 110 *116 110
200
48*2 Jan 29 53*2 Jan 8
49
49
*49
50% *49*2 50%
*48% 51
*49
51
*48% 51
100
103*4 Jan 2 104% Jan 28
•103*2 104*4 *103% 104% *103% 104*1 104*4 IOH4 ♦104% 106 *104% 106
41%Jan 9
35*2 Jan 15
38*4 1,500
38
37*4 38 *37
39
39
39*2 38
38*4 39% *38
71 Jan 9
300
65*4 Jan 15
*67*2 6 8
6034 G634 66*2 68*2 *67
68
68*2 *60
*66*2 69
137%
Jan 27
10
137
Jan
17
*136
140
•137 140 *137*2 140 *137 140 §136*4 136*4 *136 140
200
29*4 Jan 10 30 Feb 7
30
30
*28*4 2934 *28*4 29*4 *28*4 29*4 29*4 29*4 *28*4 30
50% Jan 0 56*2 Feb 3
54*2 65
56*2 55% 56% 65*4 56*s 14,800
54% 56*2 55% 56*2 55
600
83*2 Jan 15 86 Jan 30
85*2
85 *84
*85
80
85*2 85*2 84*4 84% 84*8 84% *84
245 Case(JI)ThreshMpl tr ctfs 99*2 Jan 16 103% Feb 6
•100 105
103% 103% §103% 103% *102 105 103% 103% *100 103
8.700
26% Jan 14 30*8 Feb 5
Central
Leather
.
.
29*4
29%
*29
30
29
29
*28
29
28% 29*4 29% 30*8
500
Do pref___________
93% Jan 2 95% Jan 22
95
94*8 94*8 91*4 9414 *93*4 95*4 95*4 95*4 94% 94*2 95
19,750 dChino Copper___ Par $5 40% Feb 0 47% Jan 2
4134 42*4 42% 42% 42% 4234 41% 42% 40% 41*4 41*8 41*4 33,725
31 Jan 14 41% Feb 3
Colorado
Fuel
&
Iron__
38*4
39%
38
40
38
38*4
, 37*4 40*4 39*4 41% 38*2 40
1 ,1 0 0 Consolidated Gas (N Y) . 136% Jan 14 142% Jan 9
*13734 138*2 137*4 138 137% 137% 137*4 137% ♦137% 138% 137 137% 12,600
13 Jan 14 17% Jan 31
Corn Products Refining..
15% *14% 15%
15
16*2 14% 1534 14% 15*4 14% 15*4 15
1,267
Do pref.............. ......
75*8 Jan 27 79% Jan 31
77
76
70% 76
76
76
*77
79
78
78
78
78
19% 19% 3.200 Distillers’ Securities Corp 17 Jan 22 21*4 Jan 2
19*8 2 0
18% 18% 18% 18% 18% 18% 18*4 19
Federal Mining & Smelt’ g 13% Jan 13 18 Jan 22
18
18 *14
18 *14
18 *14
*12
18
*14
18 *13
200
39% Jan 17 44 Jan 2
Do pref_____________
*39 41
*39
41
40 40
*39
41
*39
41
, *39
41
142 142*8 142 142
141*4 142% 1,473 General Electric_______ xl34% Jan 24 187 Jan 2
*142 143
142% 142*4 143 143
33 Jan 15 34% Jan 7
1 0 0 Gen Motors vot tr ctfs..
*34
35
*34
35
35
34*4 34*4 *34
*34 35
*34% 35
78 Jan 14 79 Jan 7
300
Do pref vot tr ctfs__
78
78 *77% 79
78
78
*76
79
78
78
*78
79
2% Jan 6
2 Jan 3
3.950 dGoldfield Con M Par $ 10
2%
2%
2%
2%
2%
2%
2 *g
2*8
2*8
2*8
2%
2 *s
59*4 Feb 7 68 Jan 2
1,740 Goodrich (1) F ) ________
60% 61% 69*4 61
*60
63
63
63
63
63
63
63
103*4
Feb
6
100
105%
Jan 7
Do
pref____________
*103%
105
103*4
103*4
*103*4
105
*103*4
104*2
•10334 105 *103*4 105
500 dGuggenh Expio.Par $25 47*4 Jan 14 63% Jan 9
*49
51
50*4 50%
*49*2 51
50*4 50*8 60*2 50*2 *49*4 51
400 d I nsp’n Con Cop Par $20 16 Jan 14 20% Jan 3
17
17
*16*4 17*4 16*4 16*4 *16*4 17%
17
17
10*2 10*2
114% 5.200 T nternatlonal Harvester 106*2 Jan 17 115% Jan 30
112 113
1 1 0 % 110*2 112
110*8 HI
114 114*4 113 114
Do p ref_____________ *113% Feb 7 116 Jan 28
115 115*2 *113% 114% 114*4 114*4 *113% 114*2 1113*8 113*8 1 .2 0 0
115 115
4*8 Jan 14
4% Jan 2
Int Mer Marine stk tr ctfs
*4*2 5
*4*2 5
*4*2 4*4 *4*2 5
*4*2 5
*4*2 5
18 Jan 15 19% Jan 7
Do pref_____________
19*4 *18*8 19*4 ♦18% 19% *18*4 19%
•19
1934 ♦18*2 19*4 *19
9% Jan 21 12% Jan 30
1.700 International Paper_____
11%
11*2 1 1 %
* 11 % 12 % 11
12
12
12
12%
*12
12*2
42 Jan 21 48*2 Jan 30
150
Do pref_____________
§16
46 *45 47
*45*2 47
47
47
, *47
47»4 *47 48
13% Jan 14 18*2 Jan 9
400 Internat Steam Pump__
15% 15%
16
16
10
16
*15*4 10*4 *15*2 16% *15*4 16
65*4 Feb 7 70 Jan 9
250 Do pref............ ...........
05% 05%
68
♦66
6712 ♦66
69
§66
66
67*4 67*4 * 6 6
85*4 Jan 18 94 Feb 3
700 Kayser & Co (Julius)___
93
93
*91
95
*92
96
94
94
93
93
94
94
300 Do 1st pref_________ 107% Jan 22 1 1 0 Jan 2
*107 110
108 108*4 108*2 108*2 *107 110 *107 110 ♦107 110
81 Feb 5
75*4 Jan 24
1 0 0 Krcsge Co (S S ) ________
82
*79
82 *79
*79
82
81
*80
82
*80% 81% 81
Do
p r e f___________ 100 Jan 14 102 Jan 4
*100*2 102 *100*2 10 2 ♦100*2 102 *100*2 102 *100*2 102 *1 0 0 % 102
49% Feb 4
43
Jan
21
1.700
49
49*4
Lackawanna
Steel______
49
49
49
49% 4934 49*4
46*2 46*4 4734 48
102% Jan 15 104% Jan 8
2 0 0 Laclede Gas (St L) c o m ..
•103 104*2 ♦103 104% *103 104*2 *103% 105 103% 103*2 *103*2 104%
2,610 Liggett & Myers Tobacco 213 Jan 2 226 Feb 5
225 225 224 225 223 225 224 226 *220 224 223*2 224
750
115 115 114% 115
Do preferred________ 114% Feb 7 116% Jan 23
116 116
•115 117
116*4 110*4 115 115
1.900 Loose-Wiles Bis tr co ctfs 38 Jan 20 39% Jan 6
*38*2 39% *38*2 39
38*4 38% 38*2 39*4 39*8 39*2 3S*4 39
420 Do 1st pref_________ 103*4 Feb 7 105 Jan 9
•103*2 104% ♦103*2 104 104 104% §104 104 ♦103*2 104 103*4 103*4
92 Jan 6 95 Jan 8
300 Do 2d pref___ _____
*93*2 94
*93% 94*2 *93*2 94% *93*2 94*2
94
94
93*2 94
72 Jan 20 76% Jan 2
2 0 0 May Department Stores.
75% 75*2 75*2 ♦73*2 70
75*2 75*8 75% *75
*74*2 75*2 *73
50 Do pref_____________ 103 Jan 16 105*2 Jan 2
*102 105 ♦102 105 *102 105 §104*i 1043.1 ♦102*2 105 *102 105
67% Jan 6 78*4 Feb 4
70% 70*2 75% 76*2 13,100 Mexican Petroleum____
73% 74*8 74*2 77% 75*4 78*4 75*2 77
22*4 23
23
2.900 dMiami Copper__ Par $5 22*4 Feb 7 26*2 Jan 4
2314 23
23% 23% 23% 24*8 23*4 23% 23
300 \Tatlonal B'scult______ 118% Jan 15 128*2 Jan 3
119*4 119% *118 123 119 119
•119*2 123 *118*2 123 *118*4 123
766 I*
Do pref__________ 120 Feb 5 124% Jan 8
♦115 120 1 2 0 1 2 0 % 1 2 0 120 *118 122
*110
122
*110
121
900 Nat Enamel’ g & Stamp’g 15% Jan 17 19% Jan 30
18%
18% *17
18*4 18*8 *17
18*2 18*2 18*4 18*2 *17*2 19
88
Jan 13 92*4 Jan 30
♦88
93
*
8
8
93
Do
pref_____________
♦88
93
*
8
8
93
*89
93
*89
93
48% Jan 21 56*4 Jan 2
400 National Lead__________
52*4
52 ♦52
*52
54
52*2 52*2 62% 52*2 52% 52% 62
200
Do pref_____________ 105 Jan 21 107% Jan 27
*106 109
106 107 *106 108*2 *105 IO8 I4 *106 108% ♦105*2 108% 4.800
dNev Cons Copper.Par $5 17*4 Feb 7 2 0 Jan 2
17*4 17%
18*8 18*8 18*4 18% 18*4 18*4 18% I8 I4 17% 18
75% Jan 14 82*2 Jan 8
30 New York Air Brake___
§70
70
*75
80
*75
80
♦75 80 *75 80
*75
80
300 North American Co (new) 80 Jan 2 81% Jan 14
81
81
80
80 ♦80% 81% 80% 80*4
*80*4 82
*80*8 82
28% Jan 14 31% Jan 22
2
0
0
p
a
cific
Mall....................
*29
30*4
*29
31
*29
31
*30
31% 30
31
300 1- aclfic Telep & Teleg-. 37 Jan 17 46 Jan 4
40
*3934 41
39*4 40% *39% 40% 40
*39*4 42
*39*4 42
300 People’s C l . 4 C (Chic). 113% Jan 20 116 Jan 8
•115*2 116*2 *115 116 *116 119% 115 115% ♦114% 115*2 115% 115%
22*4 23*8 2 2 % 23% 1,650 Pittsburgh Coal Co______ 21*2 Jan 15 24% Jan 2
24
23*4 2334 (23
23
2 2 % 2 2 % *22
87 Jan 17 95 Jan 9
91
91% 91% 91% 2.800 Do pref_____________
92*2 92% 92% 92% *91
*90
93
93
600 P. Lorlllard Co_________ 190 Jan 15 200 Jan 28
198 198 195 195
*195 200 *193 200 2 0 0 2 0 0
199 200
114%
Feb 7 116*2 Jan 22
300
*114
117
114%
114%
Do
preferred_____
_
*114 117 ♦114 117 *114 116
115% 115%
830 Pressed Steel Car_______ 32 Jan 20 36 Jan 7
33
34
1 *33*2 34
33
33% 33% 33% 33
33*4 33*4 §34
99% Jan 14 101% Jan 7
350
Do ore*__________
' *99*2 100*4
99*2 99*2 1 0 0 1 0 0
♦99 100 *99% 100 *99 100
Pub Service Corp of N J. 117 Jan 15 118 Jan 21
•116*2 119*2 ♦116*2 119 ♦116 119% *116 119*2 ♦116 119*2 ♦116% 119
I6 H2 Feb 1 165 Jan 2
599 Pullman Company_____
V 1 0 1 % 161% 161% 162 §161*2 101*2 * 101*2 102
161*2 101*2 *1 0 0 % 161%
31*2 Jan 16 35 Jan 9
2 0 0 1 > allway Steel Spring__
32*4 32% *31
♦31 33
31*2 31% *31% 31*2
33
98% Jan 16 100 Jan 13
TV Do pref....................
*98*4 100 *98*4 100 *98*4 100
*98*4 100 *98*2 100
7,250 dRay ConsCopper Par $10 18*4 Feb 5 22 Jan 2
19
19*2 19% 19*2 19% 19*4 19% 18*4 19% 18*4 18% 19
23% Jan 20 28% Jan 31
27% 27% 27% 5.950 Republic Iron & Steel__
27
27% 27
2634 2734 27*4 28
27% 27
82% Jan 14 89% Feb 1
Do pref_____________
88
87*2 87% *87
(89
89
87*2 87*4 1,140
89
89
89*4 89
87 Jan 29 92*4 Jan 7
700 Rumely (M) C o -----------*S9% 90*2 *89*2 90*2 89*2 89*2
*89% 90
90 90
88*2 90
97 Feb 6 99*4 Jan 4
1.300 Do pref_____________
97
97*2 97
98
98*4 97*2 97% 97
*97*2 99
*97*2 99
207 *205 208
700 Scars, Roebuck & Co___ 201 Jan 14 213*2 Jan 2
207*8 207*2 206 207 205 205*4 *202*4 205% *203
44 Jan 25 45*2 Jan 28
*44
40
45
45
1 0 0 Sloss-Sbeffleld Steel & Ir.
♦44 45*2
*44 46
*44 40
f *44
40
125 Standard M illin g______ 35*4 Jan 15 40*2 Jan 31
40*2
*39*2 40*2 *39*2 40*2 *39
*39*2 40*2 *3912 4012 40 40
65% Jan 2 66% Feb 4
*6 6
67
♦60 67
340 Do pref____________
67
66*2 6 6 % *6 6
*60
07
(67
67
30
32% Jan 14 36 Feb 6
800 Studebaker Corp (The). .
*35
36*2
34*2 31*4 34% 34*4 35
*33
35
*33
35
♦92
94*2
92 Jan 2 93*4 Jan 13
93
93
1
0
0
*92
93
Do
pref____________
*92
93
*92
94
*92
93
33*2 33% 33% 33% 34*4 34*4 33*2 33% 33% 33*4 34% 35*8 2.300 dTennessee Copp .P a r $25 32% Jan 27 39*2 Jan 4
1,925 Texas Company (The)__ 112 Jan 2 122*4 Jan 10
120% 119 119% 1 2 0 1 2 0
I 12 1
1 2 1 % 1 2 0 % 1 2 1 % 120*4 120*. ♦119
1 0 0 I Inderwood Typewriter.
99*2 Jail 3
95*4 Jan 25
*97 100% *97 100 *97 100 ♦97 100
1 *97
100
97
97
U
Do pref.................... 113 Jan 21 113 Jan 21
! *110 115 *110 114 *110 113 *110 113 *110 113% ♦110 113
6*8
6*4
1.700 Union Bag & Paper_____
6*4
0%
6
Jan 14
7*4 Jan 3
*0
7
\ *0% 7%
♦0
7
6%
7
30
32% 31
32
30 Feb 6 41*4 Jan 3
1,230
34
Do pref____________
30
30
35% 35% *30
35% 34
17
17 *14
2 0 0 U S Cast I Pipe & Founar
14 Jan 20 16% Jan 30
*14
17 *14
16
10
*15
17
♦14
17
•55 59
♦55*2 60
55 Jan 15 56% Jan 31
Do pref.................... ..
*55 59
•65 60
*55
59
♦55 59
♦35 40 *35
40
38 Jan 29 44 Jan 6
U S Industrial A lcohol..
*35
45
*38
45
*35 40
*35 40
73 Jan 20 77 Jan 9
2 0 0 U S Realty & Improv’ t . .
*72*2 73*4 73*4 73*4 *72*2 73*4 73*4 73*4 *72*2 73*4 *72*2 73*.
6212 Jan 3
65*4 00*4 66*4 67*4 12,800 United States Rubber__
68% Jan 10
65*2 0534 65% 66*4 65% 6 6 % 65% 06
106% 107 ♦106*4 107
1 ,0 0 0
Do 1st pref__________ 105*2 Jan IS 109 Jan 8
107*4 107*4 107*4 107% ♦107 107% 106% 107
76% Jan 3 81*2 Jan 9
*79*4 81*4 *79*2 81% •79*2 8 H4 *79*2 81% ♦79% 81% _____
Do 2d pref__________
*79*2 81
61*8 Jail 17 69*8 Jan 2
63% 04*8 64% 65% 166,050 United States Steel------‘ 04% 05*2 03*4 65*4
64*8 65
03*4 64*.
110*4 Jan 30
1,640
Do pref_____________ 108*4 Feb
110*4 110% *108% 109 §109 109
108*4 108*4 108*2 108*: 108*2 109
54*4 54*4 54*4 52% 54*j 52% 63
53*2 53% 13,550 dUtah Copper__ Par 51C 52% Feb ( 60% Jan 2
64*4 54% 54
35 Jan 17 43% Jan 3
38
•35*2 40% *35
*35
37*
*30*2 39
600 Virglnla-Carollna Chem..
35*2 30
37
37
109*2 109*
10C
♦109*2 112 *109% 112 *109% 112 *109*2 112 *109% 112
Do pref_____________ 109 Jan 21 114 Jan 3
72
72*4 72
72
72
72
72% 72%
70 Jan 1C 75*8 Jan 9
72
72
65C \\7 estern Union Teleg.
*71*2 72
73
73
73
73
•72
74
72% Jan 2.
*72*2 73*.
79*4 Jail 2
1.40C ►V estlngh’seEI&Mfg as:
73
73*4 72*4 73
119% Jan 2 119% Jan 17
__
1 *110 119* *110 119*4 ♦116 119* ♦117 119* ♦110 119* *117% 119*
Do 1st pref_________
104% 105*4 105*4 105*
104 104% 103*4 104
99 Jan 2. 112 Jan 2
2,90( Woolwortti (F W )____
1 103*4 104*4 103*2 104
115 115
113*4 Jan 2.> 115*2 Jan 8
115 115 1 33(
Do nref----------------! *113 115 *113*2 115 *113*2 115 *113 115
BANKS
Bank*
Hid
Ask
280
150
85
405
195
205
155
300
105
160
125
100
430
230
160
220
Banks
TRUST
C O M P A N IE S— B A N K E R S '
ma
Ask
Trust Co’ 1
Nat C ltv ... 275
North Side 1, 175
Fcoplo’s __ 145
295
200
155
Central l'r
ColumbiaKnlckerh
Commercial
E m p ire__
liqult’blo Tr
Farm Lo&'l
Fidelity . .
Fulton___
Guar'ty Tr.
Brooklyn
Brooklyn
Coney Isl'di
First______
Flatbush__
UreenDOint..
Hlllsldell__
Homes teaill
Manufac’rs
Mechanics' 1
Montauk II.
Nassau___
AND
N Y City
A sto r _____
Bankers’ Tr 495
B’ way T r.. 165
395
605
i75
Bid
Ask
N Y City
1020 1030
645
93
300
500
1280
218
300
595
555
100
310
515
1310
315
000
Trust Co's
Bid
N Y City
Guardian l’r
H udson__
Law T I&Tr
Lincoln 'IT
Metro pol’t’n
Mutual Alll
a n ec____
Mut.i WestChester)..
Range tor Previous
Year 1912.
Lowest
123 Mch
99 Feb
26 Jan
113% Dec
115% Jan
137% Jan
241% Feb
101% Jan
18 Nov
79 Dec
25*8 Jan
$34 Feb
105% Feb
49 Dec
10234 Feb
2734 Feb
56*2 Feb
137% Mch
28 Nov
49% Dec
84 Dec
99% Dec
lbi2 Feb
80 Feb
$25 Jan
23*8 Feb
135*4 Dec
lo Jan
75 Dec
20 Dec
11% Feb
37% Jan
155 Jan
30
Feb
70*4 May
$1% Dec
60% Dec
105 Deo
$47 Dec
$16% Dec
105% Feb
113*2 Nov
4 Mch
15*4 J’ly
9% Jan
z45% Jan
12 Deo
03 Dec
90 Dec
107 Dec
71 Sep
100 Oct
29 Mch
102% Dec
156% Jan
105*2 Jan
3612 Dec
102% Oct
90 J’ly
09 Apr
105 Dec
62*4 Apr
$23% Feb
114 Dec
122 Dec
12 % Feb
88 Feb
5U8 Jan
105*2 Feb
518% Jau
50 Feb
7412 Jan
28*4 Dec
45 Dec
103 Jan
16*4 Mch
77 Feb
167 Mch
10734 Jan
2834 Feb
96 Feb
106*4 Feb
158% Feb
27U Feb
98% Dec
$lu Jan
1534 Feb
64*2 Feb
89% Dec
99% Dec
140 Jan
39% Jan
16*4 Jan
53 Jan
30 J’ly
90% J’ne
$3412 Feb
81 Jan
95 Dec
110 J’ne
4% Jan
35% Dee
13 Feb
50 Jan
26 Jan
67 Jan
45% Feb
105% J’ly
75 Jan
58% Feb
107% Dec
$52*2 Jan
4034 Dec
114% Dec
71*4 Dec
6 0 % Jan
I147g Jan
112% J’ly
93%J’ly
Highest.
203% Deo
105 Aug
44% Oct
133*2 May
124 Sep
149% Mch
32412 J’ly
106% Jan
31 May
94*2 Mch
41% May
$43 Oct
127*2 Oct
60% Aug
10S% J’ne
51% Oct
80 Sep
149 Aug
40*8 Apr
72% Oct
9512 Oct
101% Dec
33% Sep ,
1 0 0 % Oet
$50% Nov
43*4 Sep
149*2 Aug
22% Oct
89% Oct
36% Aug
21»4 Sep
5234 Sep
188*2 J’ly
42% Sep
8234 Sep
$5 Mch
81 Sep
109*2 Sep
C$6238 j ’ne
$21% Oct
1267g Sep
121*4 Apr
7% Mch
2b Mch
1934 May
627g May
34 Jan
8458 Apr
9534 Oct
10.) Oct
89*2 Oct
105% Oct
551" Sep
10334 Jan
225 Oct
118 Aug
47*8 J’ly
105% Nov
92*4 Oct
88
Oct
112
Jan
90% Oct
$30% Sep
161 Apr
131 J’ne
20 Oct
95% Jan
68*4 Oet
110% Nov
$24*s Sep
85 Nor
87% Aug
35 Sep
65*8 Apr
122% Oct
27% Aug
10034 Aug
215% Oct
118 Aug
407 s Sep
103*4 Aug
12078 Aug
175 Aug
40*4 Sep
105 Aug
$24*8 Sep
35 Oct
93*s Oct
101 NOV
103*2 Oct
221 " Nov
59*4 Sep
30 Dec
66
Oct
49% Aug
9818 Aug
S47*t May
130% Sep
115*4 J’ne
114% Sep
1778 May
673.) May
221" May
G4% Oct
57% Sep
86*2 J’ly
677g May
116 May
8 6 *" May
80*4 Sep
117 Sep
$6712 Sep
67*4 Jan
122
Mch
86*4 Jan
89*? Aug
126 Aug
117% Oct
116*1 J’ly
Q U O T A TIO N S.
Ask
lrus. Co’ 3
85
145
212
NY L ife*li
N Y Trust.
ritleGu* Tr
Union Tr ..
US Mtg& Tr
Unit States
Washington
Westchester
Windsor . .
135
208
135
440
450
135
145
140
150
N Y City
Bid
1040
630
t495
1295
465
1100
375
150
195
Ask
1065
040
Trust Co’ s
Brooklyn
Brooklyn 'IT
Citizens’ __
Franklin__
1305 Hamilton . .
475 H om e_____
1115 Kings Co . .
395 L Isl L & 'IT
160 Nassau___
200 Peoples’ __
Queens Co.
Bid
Ask
495
150
605
155
250
285
270
118
520
350
130
295
100
__
365
305
no
• Bid and asked prices: no sales on this day. i Less than 100 shares, $ Ex-rlghts. a Ex-div. and rights. 6 New stock, d Quoted dollars per share.
T Sale at Stock Exchange or at auction this week, s Ex stock dividend. 11 Banks marked with a paragraph (11) arc State banks, x Ex-dividend.
406
New York Stock Exchange—Bond Record, Friday, Weekly and Yearly
W.
BONDS
Y. STOCK EXOHA
Woek Ending Feb 7.
3^ I
je
IO
?,
N
U. S. Government.
U S 2s consol registered.
U S 2s consol counon
Price
Friday
Feb 7
Week's
Range or
Last Sale
I s
Range
Since
Jan. 1
N.
BONDS
Y. STOCK EXCHANGE
Week Ending Feb 7.
Price
Friday
Feb 7
Week's
Range or
Last Sale
As1 Low
nigh Ni . Low High Chesapeake & Ohio—
ltd
As* Low
High
101 10133 101
101
1 ) 101 101%
Gen funding <* Impt 5 s..1929 J
-.-.1 0 0 102 Jan ’ 13
101 10U2 101% Jan ,13 .. . 101% 101%
1st consol gold 5s______ 1939 M-N 10913 1 0 0 % 10918 1093s
102% 1031t 102% 1025
1 1023s 1027s
Registered..................... 1939 11-N
1093s
Nov
’ 12
102% 1031 1023s 103
1 1025s 103
General gold 4 Us_______ 1092 .11-S 1001- Sale I00l2 101
113% 1141 113% Jan '1 i .. 113% 113%
Registered__________ 1992 Al-S •98U .
993s
N
ov'll
114% Sale 11378 1141
: 1137S 11378
Convertible 4 U3.........” 1930 F
02 Sale 92
9238
1007s lOU 100% J’ne 1 . . .
Big Sandy 1st 4s........... 1944 J-D 8513 874, 801s Nov '12
102% 1027 102% 1023 51 102 102%
Coal Rlv Ry 1st gu 4s.
1945 J-D 83 .
8 8 l2 Oct 12
Craig Valley 1st g 5s__ 1940 J-J 101 .
101% May’ 12
Foreign Government
Potts Creek Br 1st 4s___ 1940 J-J
84% Jan T3
991
M-S t 99% Sale 99
15 97% 99%
9R.! 94
R & A Div 1st con g 4s 1989 J -J
93 Jan ’13
. J-D t 90% 94 92 Jan ’1. ___ 90 92
2d consol gold 4s
1989 J-J
S3 . . .
9012 Aug'12
Greenbrier Ry 1st gu g 4’s 1 9 4 0 •M-N 88 . . .
95 Oct '10
903
90 9038
*5 F-A J 9033 Sale 90%
A-() 07 70 G7l2
0712
881
5 J-J l S8% 89 S8%
88% 89%
R a i l w a y 1 s t lien 3 U s ____1 9 5 0 J-J
62 63% 03
033s
83
Jan
U
t
83
84%
___
83 83
1 J ..
yhlc B & Q Denver Dlv 4s. 1922 F-A 0012 100 99 i2
09%
. M-S t 102 1023 102 Jan 'l; ___ lORs 102%
Illinois Dlv 3 U s ...
1049 J-J
8518 Sale 85
8512
90
971 . 90
37 95% 971,
9 F-A J-Registered_____
1 9 4 9 J-J
8 GI4 Aug ‘ 1
San Paulo
90%
967
4 983s 97%
9 J-J : 9 0 % 97
Illinois Dlv 4s___
" 1949 J-J
98 Sale 9,3
98l2
Tokyo It
89
42 88 89%
. M- S 88% 5,a]e 8S7S
Registered__
1949 J J
97 Sep
9 Q-J ; 95% 97 95 Jan ’ ll ___ 95 95%
Iowa Dlv sink fund'ssl 1919 A-() 103b 105% 105 Dec *12
4 J-D ___ 89 84% Jan ’ IS ___ 84% 84%
Sinking fund 4s .
1919 A-Q 9834 99% 9S34
983,
1 These are 1 rices on the asts of $5 to £
Nebraska Extension 4s 1927 .41-N 9034 Sale 90%
9634
1927 M-N
Registered__
m v a™» ani!
Securities
9fl5a
Sep
’ 12
N Y City— 4 U s_______
0 M-S 1003g Sale 100% 1003s 23 100% 1003,
Southwestern Dlv 4s..IIl921 M-S "o's‘% ZZZZ 9S3.i N ov’ 12
07=s 25 90% 97%
0 M-N 97% Sale 97%
Joint bonds See Great North
971.
8 M-N 97% 98% 97%
2 90% 97%
Debenture 53___
1913 M-N 100 ___ 100
100
973. If 96*8 97%
7 M- S' 97% 98 9714
General 4s_________ IIIIl958 M-S 9 5 I2 Sale 9512
96l2
7 M N 10-1% Sale 104% 1013, 21 1013S 105% Jhlc & E 111 ref A Imp 4 gs 1955 J-J
77 Sale 77
77
101%102
101
Dec
T2
7 M- N1
1st consol gold Gs
"1934 A-() 118i2 125 119 Jan '13
37 1041,1 105%
7 M-N 104% Sale 101% 1013
General consol 1st 5s '"i9 3 7 M-N 100S4 108 10034 1003.,
10034 101%
7 M-N 401% 101% 10138 Jan ’l;
Registered____
1937 M-N
10612 Jan T3
G 84% 80
85%
4 M-N 85 ___ 85
Pur money 1st coal 5sl’ l912 F-A ___ 98
98 Jan ’13
1 M-S 101%___ 101% 101% 10 101 101%
__
Registered_______
101% 101% 11 101% 101%
J-J 1 0 4 3 4 '/.! 108% N ov'I
1 J-J 101% .
101%
1013.
100% Oct '12
1J J
M-S 7 0 Sale 7073
77
101% 101% C
Canal Improvement 4s..
0 J . 101%___ 1 0 1 % Jan '13
J-J 124 125l2 124
124
98 ___ 1031) J’ly 'it
3 J -,
Refunding gold 5s.
1947 J-J
. . . IO8 I3 10934 Aug 12
98% . . .
9733 Doc '12
3 J -.
Refunding 4s Series O. 1917 J-J
. . . 9Us 953S Apr 'll
86% Dec ’ ll
Virginia fund debt 2-3sZIZZlOC 1 J -.
Ind & Louisv 1st gu 4s 1956 J-J
. . . 84 83 J’ly '12
6s deferred Brown Bros ctfs.
86 51 65 Chie Ind & Sou 50-yr 4s
52
55
1950 J J
. . . 91 90i4 A ug'12
Chio L S & East 1st 4 Us. . . 1 9 6 9 J-D
. . . 103 104 Dec '11
Railroad
Chlo Mil A St P tcrml g 5s 1914 J-J 100Sg___ 1001.4 Jan ’ 13
5 Q-J
75% Sale 75
76
7 75 7978
0734 983S 981Gen l gold 4s Series A . e l989 J-J
081
ttch Top & S Fe gen g
5 A-0 98 Sale 977g
98% 128 07 98%
c l989
Registered ______
07 ___ 97 Jan ’ 13
90% 97% 97%
3 A-0
97%
9 95% 98
Gcn’l gold 3 H3 Series B_cl989
84 8133 84i,t Jan ’ 13
3 Nov 87% 87% 87% Jan '13
8738 88%
Registered...........
el989 j - j
86 J’nc'l
5 Nov ----- 87% 80 N ov’12
25-year deben 4s.........
1034 j -. i 01% 923,| 011.|
9 H4
8734
7 87% 88
5 M-N 87% 83 873a
Convertible » Us __
1032 J-D 10-112 Sale lOl’s 1013s
108% Sep 12
5 J-D
Convertible 4 M’s (wh issued).
104 Sale 1037s 104%
3 J-D 103% 104% 104% 104% 25 l03% 105%
Chic A L Sup Dlv g 5s
1921 J-J 1041- 105b 1045SJan ’ 13
Conv 4s (Issue of 1910)!
) J-D 102% Sale 102% 1025S 300 10Ug 10358
Chic & Mo Rlv Dlv 5s
1926 J-J 10014 108 1001.1 N ov'10
7 J-D 104 Sale 1033, 1041., 72 10334 10558
Chic A P W 1st g 5s. . 1921 J-J 104% 105 104% 104%
99% J’ly ’ ll
3 I1-A
C M A Puget Sd 1st gu 4s* 1949 J-J
93 93U 933SJan ’ 13
Dak A Gt So gold 5s
1916 J-J 10U2 ___ 1021.1 Oct 12
8 M-S 95%___ 94 Oct 12
4 91% 92
913$ Sale 9158
S J-J
92
Dubuque Dlv 1st s f 0s 1920 J
1105S 11138 1103s Jan ’13
993,1 0 0 % I003g Jan T3
1003S 100%
Far A Sou assum g 6s
1921 J-J 1137S___ 1174s Aug 'll
2 M- s
M-S 100%___ 108% Oct ’ 12
LaCrosse A D 1st 5 s ... 'l010 J-J IO3 I3 ___ 10 oil J’ne’ 12
5 M-S 103%___ 1063a J'ly 'll
Wis A Minn Dlv g 5s. "l921 J-J 1015S Sale 1045„ 10-13.
95% 37 94% 95%
10034 11234 10934 Dec '12
M-S 95% Sale 95
Wls VaR Dlv 1st 6s____ 1920 J
98 Oct '06
M-S
Mil A No 1st cons Gs_. ’ 1913 J-D *100 ___ 100 Jan ’13
95 95
M-N 105%___ 105 Jan ’ 13
Extended 4 Us...........1913 J-D 100 . . . toots Allg '12
105 105
90 ___ 95 A ug'12
J -J
___ C
Q-F 105 107b 105
105
Extension 4s...........1880-1926 F-A 90 ___ 9612 Sep ’ 12
J-J 1277s___
M-N 9934 91% 91
91% 42 0033 92%
Registered______1880-1926 F-A
90 Jan ’ 13
llSlg
123%
123%
J’no’
12
General gold 3 Us______ 1987 M-N 85ig Sale 543.1
, A- 1 :
85i.s
Registered__________ pl987 Q-F
A -e 1003a 112% 110=8 May'll
8434 Jan T3
General 4s___________ .1987 M-N 08's Sale 98
97% 100 97 Oct '12
J-J
9Sl.i
913S 31 01 91%
91% Sale 91
Sinking fund 6 3 ___ 1879-1929 A -0 1 0 9 3 4 .
J-J
11134Nov’ ll
90%
90%
8 90 90%
Registered______1879-1920 A-0 108 .
Q-J
1093.1 Aug’ 12
Gold
9/3.3 Sale 975s
9778 38 97 977s j Sinking fund 5s___ 1879-1929 A-0 105 Sale 105
1 A -0
105
1 Q-J
»S6%___ 96% Dec '12
Registered______1879-1929 A-0 10312 104% lO-Fg Oct '12
96% Sale 90%
06% 445 90% 97%
___
Debenture 5s___
1 0 2 1 A-0
10113103
103 Jan ’13
J-J 109% . . . . 112 Jan '12
Registered............... Hl921 A-0
101 Dec ’12
87% 89%
M-N 87% 89% 87% Jan ’ 13
Sinking fund deb 5 s . . . 1933 M - N 105 10712 10712 107i2
89%
7 89 89%
Registered____ __
1 9 9 3 M-N
M-N 89% Sale 89'.,
1073.1 Aug’ ll
00% Sale 00%
90% 23 8978 00%
Frem Elk A Mo V 1st 0 s" 1033 A-0 122 . . . 124 Oct ’ 12
J-J
Cen Ohio It 1st c g 4 J-js_
Man! G B A N VV 1st 3 Us 1941 J-J
M-S 100 101 L01 Jan T3
101
101
001-Sep '09
MUw A S L 1st gu 3 US..1941 J-J
A-0 106% 109% .07 J’nc’ 12
F-A 102%___ 1031., J’ne'12
Mil L S A West 1 st g 6 3 . 1 0 2 1 M-S I ll 114 1 1 2 i2 Jan ’ 13
J-D 108 ___ 108% Nov T2
Ext A Imp 3 f gold 5 s.. 1929 F-A 107% . . . 107 Dec ’ 12
A-Q 101 ___ 105% Apr ’ 12
Ashland Dlv 1st g 6 s..1025 M-S 114% . . . 1121 - Feb '0 :
A -0
113% Feb ’ 12
Mich Dlv 1 st gold Gs.. 1924 J-J I l l 's ___ 1163.1 May’ 12
97%___ 00% Oct ’ 12
J-J
Mil Spar AN W lstg u 4 s.1947 M-S 94 Sale 93
94
J-D 01 ___ 01 J’ ne’ 12
Northw Union 1st 7s g._1917 M-S 109
115 J’l y 'l l
M-S 109% 110% 097SJan T3
Winona A St P 1st ext 7s 1 0 1 6 J-I) 10312 lllSg 109 Sep ’12
109% 1103s
Consol 4 U s_ ................'
M-N 104 105 .04% Dec ’ 12
. . . . . . . . C ilcago Rock Is A Pa 6 s ..1017 J-J 10614 10834 IO833 Jan ’ 13
957g ___ 97 Feb ’ll
All & West 1st g 4s gu_.
A-0
Registered____ ______ 1 9 1 7 J-J 105 ___ 109 Aug '10
Cl & Mah 1st gu g 5s__
J -J 105 ----- 03 J’ly 'OS
General gold 4s________ 1988 J-J
93l2
9312 Sale 9333
F-A 110%___ 10% Jail ’13
Registered..................... 1 9 8 8 J-J *91 94 91 Dec 12
110% 110%
J-D 111% 112% 12 Aug'12
Refunding gold 4s______1934 A-O 873.J Sale 87=3
88
40% ..
J-J
43 Jan ’13
89
89 Sale 8!)
33 40
20-year debenture 5s___ 1032 J -J
J-J ............... 00 Dec ’ 12
Coll trust Series L 4 s ___ 1914 M-N 94 ___ 9/3,| Sep 'll
M-S 100 100% 00 Jan ’ 13
00 101%
P 43...........
1918 M-N ___ 95 9 J34 J’n e’ll
M-S 09%___ 00% Jan ’ ll
05t2
0518 Sale 64%
Chic R I A Pac RR 4 s...2002 M - N
F-A 109%___ 10 Jan T3
633s Jan ’ 13
n o 110
Registered___________ 2002 M-N
1073S
Sale
873,,
07*8 1073S
M-N
1 10733 109
R I Ark & Louis 1st 4 Us 1934 Al-S ___ 873.1 8 734
07 Aug'12
M-N ___ 107
Bur C R & N— 1st g 5S..1934 A-0 10812 10978 10S34 Jan T3
............... 03 D ee’ ll
Registered............... 1934
108% . . . 120i2Meh'03
2d pfet Income g 5s___ pl9
05 D e c'll
Oct ___ . . . .
O B I F A N Vi 1st gu 5s ’21
1021a 100 105*4Sep ’ll
2d pref Income g 5s stamped.
96 N ov 'll
M & St L 1st gu g 7 s...1927
3d pref Income g 03.. _pl 9 4 5
07 D e e 'l l .
Choo Ok A G gen g 5s..ol910
FOOia. . . 152* S e p "!2
3d pref income g 5s stamped,.
85% Oct TO
Consol gold 5 s ............. 1952 M-N 101%100i2 106 Jan ’ 13
Chatt Dlv pur mon g 4 s..1951 J-D OO ___ 90
90
1 90 90
Kcok A Des M 1st 5s.___1923
9812 1003i 9938 Dec ’ 12
Mac & Nor Dlv 1st g 5s..1946 J-J 105%___ 07% Jan 12
St Raul A KQSh L 1st 4 Us’41
89 90ls 90 Dec '12
Mid Ga & Atl Dlv 5s____ 1947 J-J 105%___ 15 ' N ov'05
............... Cl dc St P M A O con 6s___ 1030 n
120% Sale 1201- 12034
Mobile Dlv 1st g 5s______ 1946 J-J 105 ___ 093, May 1)
Cons 6s reduced to 3 U s. .1930 J-D 897g ___ 891.1 Dec ’ 12
Cen RR ta B ot Ga col g 5s. 1937 M-N 1 0 0 ioi3S : 01% NOV'12
Debenture 5 s ................... 1930 M-S 102l2 10234 10234 J a n ’13
Cent of N J gen’ l gold 5 s...1937 J-J 118-% 1193s 19
1193s 10 18% 11938
Gil St P A Minn 1st g 6 s.. 1918 M-N 120t2 Sale 1 2 0 ia 1201
Registered__________ /»1937 Q-J ___ ____ : 1734 Jail T3
17% 118%
Nor Wisconsin 1st 6s___ 1930 J-J 119 ___ 12333 May'on
Am Dock & Imp gu 5S__ 1921 •r-,i 105%100 105% 105%
4 05 105%
St P A S City lstg Gs___ 1919 A-0 10S5S 109 10812 108b
Le & Hud R gen gu g 5s.1920 J-J 100%
621, May’ l 2
Superior Short L 1st 5s g.1930 M-S 10933 ___
N Y & Long Br gen g 4S..1941 M-S 93 ” ___ 01,% Jan ’ 13 . . . 00% 100% Cidc A West Ind gen g 6s..el932 Q-M 100l2 ___ 10712Oct '12
Pent Vermont 1st gu g 4s..el92o Q-F ___ 90 90
2 89% 00
90
Consol 50-year 4s_______ 1952 J-J
88__ 89% 88
88
MISCELLANEOUS BONDS— Continued on Next Page,
30 Q -,
10 Q -,
18 g -r
8
IS Q -f
25 Q-F
25 Q-J
U S Pan Canal lO-Yo-yrVs'AlOSO
i0 Q-b
U S Panama Canal 3s g___ 1 0 6 151 Q-S
Hid
(i:j
Street Railway
Brooklyn Rap Tran g 5s. 1 9 4 5
1st refund conv gold 4s .2002
Bk City 1st con 5s 1910-1941
Bk Q Co A S con gu g 5s 1941
Bklyn Q Co A S 1st 5s._ 1041
Bklyn Un El 1st g 4-5S..1950
Stamped guar 4-5s____ 1 9 5 0
Kings Co El 1st g 4s.........1 9 4 9
Stamped guar 4s...........1949
Ndssau Elec guar gold 4s. 1951
Conn R yA L lst A ref 5g 4 U s- ’51
Stamped guar 4 Us.......... 1951
United 1st cons g 1 U s. 1032
(ft)etSmith
Lt A Trac lstg 53.1936
Irand Rapids Ry 1st g 5s. .1910
lavana Elec consol g 5s__ 1052
nterboto-Metrop coll 4 Us-1950
A-0 1Q?78 103 102% 103
9U.I
J-J
90% Sale S96g
J J 101 101% 102 Jan '18
M-N ----- 99 98 Jan '13
98% Dec ’ 12
i6l% l8l«s 101% 101%
101%
V A 101% Sale 101%
F-A *83% 4 ... 83% Dec ’ 12
F-A 83% 85% 80 Jan ’13
j “ J ___ 78% 73
78
J-J ----- 102% lOUg J’ne '12
J J 1QQ
997g Jan ’ 13
751.1
J-J. 7433 7 5 % 75
M-S ----- 05 93 Apr ‘ 12
J-D
10O Sep ’12
F-A ----- 9778 08 NoV12
A-0
803s Side 797g
81%
No prloo Friday; latest this week,
Street Railway.
102Sg 103% Interboro Rap Tr 5s Ser A . 1952
88% 023S Manhat Ry iNY) cons g 4s. 1990
102 102%
Stamped tax-exempt__ 1990
98 08
Metropolitan Street Ry—
Relunding gold 4s.......... 2002
100% 1QI%
Farmers’ Loan A Tr ctf
101% 101%
Stamped................
Bway & 7th Av lstcg 5 s.1943
86 80
Col A 9th Av 1st gu g 5 s.1993
77% 78
Lex Av A P F 1st gu g 58.1993
lliJLrd Av RR cons gu 4s.2000
9973 997g
Central Trust Co certs........
74% 75%
Cent TrCo cts stamped___
Third Avo Ry 1st g 5s...1937
Met W S El (Chic) 13t g 4 s.1038
Mllw Elcc Ry A Lt cons g 5sl926
79% 81%
Refunding A exten 4HS-1031
Mlnneap St 1st cons g 5s__ 1019
dDue April. 0Duo May. Ii Duo July, k Duo Aug. o Duo Oot.
J-D
M-S
M-S
J-J
J-J
F-A
F-A
J-J
J-J
Lou> High
102 102
10834 110
997S 101
92~ ’oYsg
843,t 8434
9234 93l2
67l2 08
027s 63l2
9913
9934
85
85SS
9753 98*4
9834 99<2
90i2 97
993.1 100
947S 90i3
77 80
119 119
100 108
100t2 10012
98 98
7733
125
100% 10034
0738 99
97 97
8334 85
911,8 917g
10358 1063s
10378 104l2
104l2 1043s
1043a 105%
9318 933,1
1103g llO’s
1043g 10434
166" io o"
105 105U
90
84
84
97i 2
96
85>a
84%
98U
105 105
103 103
107i2 107i3
1113.1 112%
93*2 94
1063s 10012
927s Oils
8714
80
0218 063.|
0338 64%
86 873.i
10834 108%
120 120%
102% 1027g
120% 120%
108% 109%
88
89%
101%
94%
95
103% IOU4
94% 95
94 95%
01
May’ 12
Jan ’ 13
............... 02%
5934 Mch'12
103% .. - 103% jau 13
98 102% 101% Deo T.
101
101 . . . . 101
74 J'ly 12
74% J’ly T.
74 N ov’ 12
100 107% 107% 10734
___ 84% 93% J’ly '01
.
104% 104%Dec 'll
04 94% 04% Oct '12
101 . . . 102 N ov '1 2
62% 62%
M-N 1013s 104% 104Sg
94%___ 94%
A-0
A-0
95 95% 95
A-0
Range
Since
Jan. 1
p Due Nov.
q Duo Deo.
103 103%
166% 101 "
106% 107%
s Option sale
F eu. 8 1913
r*.
BONDS
T . STOCK EXCHANGE
Week Ending Feb 7
Gin II & D 2d gold 4 M3----- 1937
1st A refunding 4s______I960
1st guaranteed 4 s.....1 9 5 9
Cln D A I 1st gu ff 5s----- 1941
0 Find A Ft W 1st gu 4s g 1923
Cln I A W 1st gu g 4s____ 1953
Day A Mich 1st cons 4 Ms 1931
Ind Deo A W lstg 5s____ 1935
1st guar gold 5s_______ 1935
Clevo Cln C A St L gen 4 s..1993
20-yr deb 4 M s ________ 1931
Cairo Dlv 1st gold 4s____ 1939
Cln W A M Dlv 1st g 4 s..1901
St L Dlv 1st col tr g 4s__ 1990
Registered___________ 1990
Spr A Col Dlv 1st g 4s__ 1940
W W Val Dlv 1st g 4s...1940
0 1 St L & C consol Os__ 1920
1st gold 4s__________ fcl930
Registered.............. fcl93G
Cln S A Cl con 1st g 5s___1928
O C O A I consol 7s______ 1914
Consol sinking fund 73.1914
General consol gold Cs.1934
Registered................. 1934
Ind HI A W 1st pref 4s___1940
O Ind A W 1st pref 5s..dl938
Peo A East 1st con 4s__ 1940
Income 4s.......... .......... 1990
Dol Midland 1st g 4s_______1947
Colorado A Sou 1st g 4s___ 1929
Refund A ext 4 M3______ 1935
Ft W A Den C 1st g 6 s . . . 1921
Conn A Pas Rlvs 1st g 4 s..1943
Cuba RR 1st 50-yr 5 g _____ 1952
Hack A Western—•
D olMorris
A Essex 1st 7s..1914
1st consol guar 7s------ 1015
Registered ________ 1915
1st ref gu g 3 Ms......... 2000
N Y Lack A W 1st 0s------ 1921
Construction 5s----------- 1923
Term A Improve 4s___1923
Warren 1st ref gu g 3 Ms.2000
Del A Hud 1st Pa Dlv 7 s...1917
Registered----------1917
10-yr conv deb 4s----------- 1916
1st lien equip g 4 Ms......... 1922
1st A ref 4s.................
1943
Alb A Sus conv 3 Ms___ 1946
Rens A Saratoga 1st 7 s..1021
DonvA R Or 1st con g 4 s .1930
Consol gold 4 Ms________ 1930
Improvement gold 5s____ 1028
1st A refunding 5s.......... 1955
Rio Gr Juno 1st gu g 5S..1930
Rio Gr So 1st gold 4s___ 1940
Guaranteed ____
1040
Rio Gr West 1st g 4s___ 1939
Mtge A col trust 4s A .. 1049
Utah Cent 1st gu g 4s.al917
Dos Mot Un Ry 1st g 5s___ 1917
Dot A Mack 1st lien g 4s__ 1095
Gold 4s..............................1005
Rlv Tun DctTerTun 4 Ms’Cl
Sot
e t T A 1— 0 S Dlv lstg 4S1941
Dul MIssabc A Nor gen 5s..1941
DU1 & Ron Rango 1st 5s__ 1937
Registered......................... 1037
2d Os...................................1010
Dul So StlOre A Atl g 5s___ 1037
T^lgln Jol A East 1st g 5s..1041
lbrfe 1st consol gold 7s___ 1920
N Y A Erie 1st ext g 4S..1047
2d ext gold 6s________ 1010
3d ext gold 4 Ms.......... 1923
4th ext gold 5s______.1920
5th ext gold 49......... ..1028
N Y L E A W 1st g fd 7s. 1920
Erie 1st con g 4s prior__ 1906
Registered................. 1096
1st cOnsol gen lien g 4S.1Q96
Registered_________ 1
• Penn coll tr g 4s_____ 1
50-year conv 4s A ___ 1953
do
Series B___ 1953
BufI N Y A Erie 1st 7 s ..1910
Chic A Erie 1st gold 5 s.. 1982
Clov A Mahon Val g 5 s.. 1938
Long Dock consol g 0s__ 1935
Coal A RR 1st cur gu 6 s.1922
Dock A Imp 1st cur 6 s . .1013
N Y A Green L gu g 5s..1046
N Y Sus A W 1st ref 5 s..1037
2d gold 4 Ms-------------- 1037
• General gold 5s----------- 1940
Tertnlnal 1st gold 5 s..1943
Mid of N J 1st exit 5s___ 1940
•Wllk A Ea 1st gu g 5s— 1942
Bv A Ind 1st con gu g 6s__ 1926
Bvans A T II 1st cons 6s__ 1021
1st general gold 5s______1042
Mt Vernon 1st gold 6s__ 1923
Sull Co branch 1st g 5 s._ 1080
E Coast 1st 4 Ms. .1950
I Florida
■ort St (J D Co 1st g 4 Ms-1041
Ft W A Illo Gr ls t g 4 s._ 1
II A II Of 1882 1st 5 s.1
G al
reat Northern—
O B A Q coll trust 4s___ 1021
Registered./!............. 1921
1st A rcfdrid 4 Ms ser A . .1901
1061
Registered...........
St Paul M A Man 4s........ 1933
1st cqtlsol gold 6s........ 1933
Registered............... 1933
Reduced to gold 4MS1033
Registered............. 1033
Range
Price
Week's
Since
Friday Range or
Jan. 1
Feb7
Last Sale cqc
Bid As! Low High No. Low High
BONDS
Y. STOCK EXCHANGE
Week Ending Feb 7
St P M A M (Continued)—
___ 101'4 10034 Oct '12
Mont ext 1st gold 4 s..1037 J
Registered_________ 1937 J
___ 91%_____
___
___ 01 86l4J’ncT2
Pacific Ext guar 4s £ ____ 1940 J
8 100 100ig
E Minn Nor Dlv 1st g4sl948 A997g___ 100
100%
Mlnn Union IstgO s__ 1922 J 88 M ch'll
Mont C 1st gu g 6s___ 1037 J 8634 87% 8G34Jan T3 1__ "soYi *86%
Registered.._______ 1937 J99
.
lst guar gold 5s___ 1937 J 102 105 103 Dec *12
Iteglstered_________ 1937 J. . . 105 107i2 Dec '02
01*2 923g
Wlil A S F 1st gold 5s . 1938 J----- •91*8 9U2
01%
9134 023g Gulf A S I 1st rel A t g 5 s..61952 J92 Sale 92
92
Registered....................... 61952 J
91
92 03% Sep '12
Val 1st cons g 4Ms.1998 J83
90 90 J’ly *12 . . . 91 01 H ockReglstered__________
1996 J
90
02 91
Jan *13.
Col A H V 1st ext g 4s__ 1948 A
_____
Oct '07
Col A Tol 1st ex 4s
. . 1955 F87 ____ 90 Deo'U
ITous Belt A Term 1st 5 s...1937 J87
88 01 Apr *12
[lllnols Central 1st gold 4S.1951 J105U____ 105*4 Deo '11
Rcglstered__________ 1051 J03%___ 97i2 Nov T2
lst gold 3 Ms.................... 1951 J*93 ____ 00 J’ly '12
Reglstered______
..1951 J
106 ____ 107% J’l y '12
Extended 1st g 3 Ms. . 1951 A
102 105 105 J’ne T2
Registered____ ______ 1951 Alst gold 3s sterling...........1951 M120R 123 123'O c t "12
Rcglstered___________ 1951 |M222
Coll trust gold 4s_______1952 A"oo"
94 J’ly'OS
Rcgistered_____ __ 1952 Alst ref 4 s....................... 1955 M87*a 89i2 8814 J a n T 3
Purchased lines 3M s. ..1952 J45 ___ 45
45
L N O A Tex gold 4s____1953 &135 88*2 35*2
30*4
Reglstered___________ 1953 M03»4 Sale 03*2 04
Calro Bridge gold 4s____ 1950 J9334 04 OUg
013g
Lltchfleld Dlv 1st g 3s__ 1951 J 107*2 Sale 107*2 107*2
Loulsv Dlv A Term g 3Msl953 JRegistered___________ 1953 J
loo ~ May'io
Middle Dlv reg 5s. . I . "1921 F103 ___
Omaha Dlv 1st g 3s:.__Il951 FSt Louis lliv A term g 3s. 1951 J
106*2 100
Registered__
1951 JGold 3 Ms................... 11951 J*89*2::::
Reglstered.
. 1951 J111 111%
110*811163
Sprlng Dlv lstg 3 M s::.I1 0 5 1 J
103 105%
104*2 106%
9534 ___
Registered____ . ..1051 J
06% 96%
Western lines 1st g 4s__ 1051 Fi f o '* ! " "
Reglstered___
1951 FBellcv A Car 1st 0s
1023 J
■9
'7
'u '6 s '
Carb A Shaw 1st g 4s . 1932 AlChlcSt L A N O g 5s___ *051 J
10lig Sale
09*4 083J
Registered________ ..1981 J
45
Gold 3 Ms_________ ~__1951 J
lift .!?
Registered. . " *1031
8784 89
Mcmph Dlv 1st g 4 s :..1051 i :
i3 87% 80%
93 9784
Registered________ 1951 J97*2 09
st l sou ist gu g 4 s : : : : : 1931 m
If' s&
1950 J
82% 84*4 Ind III A la 1st g 4s.
tnt A Great Nor 1st g 6s
1019 M-m
Iowa Central 1st gold 5s* ’ 1038 J
___ 70
Refunding gold 4s
’ 1951 AV
84i. §£%
84lg 85% Tamcstown Franklin *&"
80 81
O Clearfield 1st 4s.
1959 J
82
y-an City Sou 1st gold" 3s " 1950 A
98
R egistered__
*1950
Ref A Impt 5s__
Apr i960
89
Kansas City Term! 1st 4s I960
4 9384 99% T alto Erie A W 1st g 5s *1937
$7*2 00*2
i 2d gold 5s_________ . 1941
North Ohio 1st gu g 5 s " * 1945
Left Vail N Y 1st gu g 4 Ms"l940
103 103%
Registered______________1940
Lehigh Vail (Pa) cons g 4s 2003
101% ! " !
Leb V Ter Ry 1st gu g 5 s ..1041
103*2 . . .
Registered..___________ 1941
106%___
11434 Sale
1 114*2 115 Leh V Coal Co 1st gu g 5s. *933
09 . . .
Registered____________ 1933
’i 1
*0
*3
' * 103"
1st lnt reduced to 4 s " " 1 9 3 3
Leh A N Y 1st guar g 4$: "1945
Registered________
"1 9 4 5
___ 103% 103%
103, ----El C A N 1st pref G s "” " 1914
92%101
Gold guar 5s___
1914
113% 116%
85% 86
15 85% 87 Long laid 1st cons gold {Ss^'ilO*4*
___ 85%
ftl931
1st consol gold 4s__
' l l ' 75'%'70'
75% 75*8
General gold 4s______
1038
___ 75
Ferry gold 4 Ms__
’ 102:
89% 02
Gold 4s......................... ” '1932
'89*4 90
81% 82%
Unified gold 4s_______*1019
81 8 2 %
76 76
Debenture gold 5s__ '1934
75% 77%
105 10934
Guar ref gold 4s________ 1949
___ 112 111
11034 111"
Registered____________1949
105 . . . 109
N Y B A M B 1st con g 5s 1935
122% . . . 123
123'123
N Y 4 1111 1st g 5s........ 1927
___ 10984 106
Nor Sh B 1st con g gu 5s.ol032
100 101
— fod*4 100*2 Louisiana A Ark 1st g 5s__ 1927
101%109
Louisville A Nashville—
09% 100%
166% 101*2 General gold 6s______ 1930
82% 00
Gold 5s...............................1037
"soTi '86%
80 86%
Unlficd gold 4s_________ 1910
103 108
107% 108*2
Registered..................... 1010
Collateral trust gold 5s. .1931
97 99
E II A Nash Ist g 6s___ 1919
108 109%
L Cln A Lex gold 4 M s.. 1031
___ 109 110
110
N O A M 1st gold 0s.
1930
1 Q8.% 111
102
N o a m 2d gold os___ 1030
0 8 % 100
Paducah A Mem dlv 4 s.. 1046
108
Pensacola Dlv gold 6s__ 1020
05
94
00 0634
St Louis Dlv 1st gold 63.1921
. . . . 96% 90
2d gold 3s..................... 1980
92
Atl Knox A Cln Dlv 4s__1956
74 75%
___ ‘ 76% *76*2
Atl Knox A Nor 1st g 53.1940
0 0 3 4 100
Render Edge 1st s f g Os.1931
Kentucky Cent gold 4 s .. 1987
05% Sale 95%
05*8 216 9533 06*4
___ 95% 053s Jan '13
L A N A M A M 1st g4 Msl045
95% 06
L A N-South M Joint 43.. 1952
100*4 100%
IOO8
3100% 100% Jan '13
Registered. . . . . ____ hi 9 52
'd s % ::::
N Fla A 3 1st gu g 5s----- 1937
122 125
— i'fS ir
N A O Bdgc gen gu g 4 Ms 1945
Pens A Atl 1st gu g 6s— 1921
102% 104*2
S A N Ala con gu g 5s__ 103C
1 0 3 *2 1 0 4 %
L A JcfT Bdge Co gu g 4s__ 1045
ifc t.
M ISCE LLAN EO U S
Street R a ilw a y .
85 Sale 85
85
N e w Orl Ry A Lt gen 4 Ms-1935 J - J
78*4 Sale 78%
78*2
N Y Rys l£t R E A ref 4s temp J - J
5'J% Sale 6938
60*8
30-year adj ino 5s___...1042
Portland Ry 1st A ref 5s . ..1930 M-ft 101% 102% 101 Jan '13
Portland Ry L tA PoW lstA
05*2 05% 06
06
ref conv s f 5s.________ 1042
Portland Gen Eleo 1st 5g.l035 J J
98 N ov’08
St Jos Ry, L. II A P 1st g 53 1037 M-N
103*2----- 105 Nov.12
S t Paul City Cab cons g Os. .1937 J - J
82 Salo 82
82i2
Third Avo 1st ref 4a...........i 960 J - J
Adi lno Os.......................alOOO A- O 74*2 Sale 74*2
75%
08»4
Trl-CIty Ry A Lt 1st s f 5 s.1023 A-O 93 99*2 0834
Underground of London—
V 4 M s...................................1933 J - J
05*2 00*4 95% Jan T3
Incomo os......................... 1948
03
93 ----- 03
Union Elec (Chic) lstg 6s..1945 A-O
84 Oot *08
United Rys Inv 1st lien coll
trust 5s Pitts Issue...........1926 M-N 8U2___ 82 Jan '13 .
♦No prloo Friday; latest bid and asked this wook. a Duo Jan.
407
New York Bond Record—Continued—Page 2
B O N D S — C ontin u ed
on
Next
06
81% 82%
73% 7678
08% 09%
95 05%
91% 93%
82
83
6Duo Feb.
95
% -----___
%
95
94% 97
110%___
124 ___
121%___
109% 111
109 111
109 ___
92% 94
96 Jan '13
98 J’ne'11
92% Mch’ll
97 Sep '12
114% Sep 12
124 Jan 13
136% May’06
109 Dec '12
112%Sep 'll
93% Jan '13
101%102
*99*2 ___
02%___
92 95
99%___
102%___
101% 101%
100% Sep '08
92 Nov 12
92 Dec '12
100% Deo '12
102% Jan '13
100 Sep ’ ll
02% Oct '12
___ 90
88*2 89 89 Aug'12
___ 90%
93*2 May’09
Range
Since
Jan. 1
Low High
95% 96
124 124*2
92
95*2
100% 101%
102% 10234
80 J’ly '09
95 . . .
95% Jan '13
___ 95% 95% Sep T
96 Sale 95*2
96
83 84 86% Feb T2
90 Sale 96
96
___ 95% 94% Jan 'll
94% J'ly 12
___ 75% 75% N ov’12
___ 85
85 Oct '12
___ 84 83 Aug'12
102 ___ 123 May'99
75% Aug 12
___ 77 75% Mch T2
70*2 73
85% Oct '12
101% Oct '99
100 N ov'00
92% 95
S9%___
95*2 05*2
91*2 96
95* 96%
02% Oct 12
10S%____ 117*2 May'10
94% J’ly '12
111 113 113% Nov’12
110 111% 114 Fob '11
80 ___ 90 Oct '09
89 ___
92% Aug'12
00 95*2 93 J’ly 08
92 94% 94 Aug‘ 12
106%107 100% Jan '13
97%
97% Sale 97%
60 Sale CO
61%
93 Jan '13
71*2
71*2
63 Oct '00
98% Sale 98*8
98%
04*8 Sale 94% 94*8
102% 107% 106 Jan '13
100 103% 102% 102%
___ 105 104% J’ne 12
102*2 104% 104% 104*4
___ 104 104% May'12
____97%
96% Jan '13
112% Oct T2
110 .
111% Dec ’ ll
l"65'%” " 106% Oct '12
03 04
___ 72
9 2 % ...
91% 94
100 102%
104*4104*4
90% 97*2
93 J’n e'12
100 ___ 101% Feb '10
103 Mch 12
108 112 108 Jan ’ 13
93 ___ 96% Mch'12
93 . . .
94 Jan '13
___ 100
96% N ov’12
___ 97 99% Oct '06
89% 91 91 I)eo '12
___ 101 104*2 Dec '08
94*2 95% 94% Deo '12
95 Jan ’ll
103 ' .
110% N ov’06
103% 105% 103 Jan 13
104 .
104% Dec '12
93
93 Sale 93
112%----110*2___
98*2 09
1003s 1065»
07*4 09*8
00
64*4
93 94
71% 71*2
0
834 99
94
96%
105 106*2
113%Jan '13
110*2Jan '13
98%
99
06% Sep '12
105%----- 107% Deo '12
110% 111% 110% Deo '12
104% May'12
100 .
119 120% 120% Aug’12
114% 110 117% Jan '12
04 Oct T2
105%----- 105% M ch'll
109 112*2 112% J ly T2
___ 70% 69% Sep 12
92%
92% 92*2 92%
108 ----- 111 Jan ’ 13
105 ___ 106 A p r ’ ll
91% 92% 92% Jan ’ 13
102*4 103*2 103 Jan '13
88
88*2 88% Jan '13
95 Feb '05
109% Oct 12
101% Jan '13
110% Oct '12
109*8 J’ly ’12
91% Mch *1*
108 108
103 103
93" ’ 93'%
113*2 114%
110*2111
98% 99*»
91 92%
110 111
9184 92*4
103 103%
88*2 00
101*2 101*1
Page.
Street Railways.
United Rys St L 1st g 4s. 1094 J - J
85 85
St Louis Transit gu 5s__ 1924 A-O
77% 70
57 60% United RRs San Fr s f 4 s.. 1937 A-O
va Ry A Pwr IstArefSs__ 1934 J - J
101 101
05
Veek’s
Price
Range or
Friday
Last Sale
Feb7
Bid AskLow High
73% 73*4
73*4 Jan '13
83 Nov'12
___ 87
64*4 Sale 64%
60% "2 0 *64% ' o f '
04 98 95 Jan T3
94 95
(la s a n d E lectric L ight
Atlanta G L Co 1st g 5s----- 1947 J - D
Uklyn U Gas 1st con g 5 s.. 1945 M - N
1947 A - O
Baifalo Gas 1st g 5 s..
1032 J - J
Columbus Gas 1st g 5s
1923 J - J
Detroit City Gas g 5s.
Det Gas Co con ls t g 5g___ 1918 F - A
Det Edison 1st coll tr 5 s ... 1933 J - J
Eq G L N Y 1st con g 5 s ... 1932 ,M-S
Gas A Eleo Berg Co c g 5 s.. 1949 J-D
Gr Itap G L Co 1st g 5s----- 1915 F - A
Hudson Co Gas 1st g 5s___ 1949 M - N
Kan City (Mo) Gas ls tg 5 s.. 1922 A - O
d Duo April,
102
..
106*8 108*2 106% 106%
54 62 54 Oct 12
100 Sale
101*2___
___ 107
100 ___
___ 101
103*1___
8 105% 106%
10c
5 100 100
100
9538 Sep 08
3 101*2 102%
101% 101*2
106% Oct 12
103 Sep ’ 12
100 Oet ’09
103% Dec '12
98% Sep '12 ___ ______ - J
hDue July. k Due Aug. o Duo Oot. s
Option sale-
408
BONDS
Y . 8 TOOK EXCHANGE
Week Ending Feb 7
New York Bond Record—Continued—Page 3
Price
Friday
Feb i
Peek's
Range or
Last Sale
Low
High
Range
Since
Jan. 1
N.
BONDS
Y. STOCK EXCHANGE
Week Ending Feb 7
[V o l . XCVI.
Price
Friday
Feb 7
Vetk s
Range or
Last Sale
Low High
N Y C A II R— (Con)
Rid
Ask Low
High
West Shore 1st 4s guar..2361 J-J
9734 98i4 9734
»8l,
Registered___________ 236 1 J-J ♦9 OI4 9Gl2 90 Jan 13
N Y Cent Lines eq tr 4 Hs 1923 J-J
100*2 J ly 'll
N Y New Haven & flartf— 1
Non-conv deben 4s______1955 J-J
. 89% 871.4
89
Non-conv4s_____________1950 M-N . _ . 88% 90 Sep ’ 12
Conv debenture 3 Ha___ 1956 J-J
86 Sale 8534
SGlg
100
Conv debenture 0s____ 1W4S J-J 124 1247j 12412 125lg
627g
Harlem R-Pt Ches 1st 4s. 1954 M-N
9914 Nou
1) A N Y Air Line 1st 4s 1955 F-A
0U12J'ne
95lg 97
Cent New Eng 1st gu 4s 1961 J-J
. 92 9 OI4 Jan
llousatonlc R cons g 5s. .1937 M-N lio"
115 A ug’
J 98% Sale 98
N YW’chesABlstser I 4 Ha ’ 46
9814
N II A Derby cons cy 5 s.1018 M-N
107 Aug ’(
93l2 9514
New England cons 5s.
1945
J
80 81-3.1
Conso’ 4 s ____
1 9 4 5 J-J
9912 Mch
93 99
Providence Sccur deb 4 s .1957 M-N 83 85 83
83
7713 77% N Y O A W ref 1st g 4 s.. 01992 M-S
92 93% 92
92l2
86lg 87
Registered 55.000 only.ol992 M-S
92*2 J’ne’'
10 5 rj
General 4s______
D 85 88% 895S Feb ’
Norfolk Sou 1st A re~f~A.'5s 1961
A 99
98i2 9914
87?g 877« Norf A South 1st gold 5s..1941 M-N 1025s Sale
102% Apr 12
..
100 108
-Norf A West gen gold 6s. 1931 M-N 120 . . . 120 Jan 13
104 104l2
Improvement A ext g 6s 1934 “ A 52114 . . . 123 Jan 13
IOOI3 101
New River 1st gold 6s. . . 1 9 3 2 A-O 120 122 124% May'1 2
103 103
N A W Ry 1st cons g 4 s.. 1996
O 08i2 Sale 98%
98%
Registered___________ 1D9J A -0
98 Jan 'll
10534 106%
Dlv’l 1st 1 A gen g 4 s..1944 J-J
92%
OUs
92i4
92%
99 997g
10-25-year conv 4s___ 1932 J-D 100 Sale 1087S 1097„
10-20-year conv 4 s ___ 1932 M- h 108*2 109i2 109% 109%
9734 993g
100i2 Sale lOOli 107
Convertible 4Hs (wh.Is.)’23
01%
Pocah C A C Joint 4 s.. 1941 -D 913g Sale 9138
70 7034
C C A T 1st guar gold 5 3 - 1 9 2 2 J-J 103 100 10534Jan '13
.. Sclo V A N E 1st gu g 4 s.1989 M-N 05 ___ 95
95
80% 88
Northern
1’ac prior p
nern l*ao
I g 4 s..1907 ; j
081s Sale 08
98%
Registered.........
1997 g - j
07%
97%
General Hen gold 3s___ a2047
077s Sale (I77S
68
Registered...........
n2047
___ 07i2 68 Jan '13
02*$ 93
St Paul-Duluth Div g is 1090 ” -D 02 OSig 92% Jan '13
100i2 ___ 101% Oct 12
Dul Short L 1st gu 5s...1918
10U2 106
St P A N P gen gold 6s..l923 [: l 113*4
113 Deo '12
Registered certificates. 1923 g -F 112lg___ 1153SA ug’ll
8134 823g
St Paul A Duluth 1st 5 s . 1931 -A 109 ___ 107 Jan 12
3(1 Sa_._......................... 1917
102*8___ 10238 Jan '13
83 8312
1st consol gold 4s___ 1908
:8 92*4___ 94 J'ne 12
90 96
Wash Cent 1st gold 4 s . . . 1 9 4 8 -M ___ 05 91% Apr 'll
116% 11634 Nor Pao rerm Co 1st g 6s. . 1 9 3 3 -J 1107g 1113g 110% Jan 13
11234 11234
90*2 Sale 90%
90%
^ ? n n'^Tash lst * ret 4s .1961 -J
85»4 857s rPacific
Coast Co 1st g 5s 1946
D 101*2 103ig 101% 101%
ennsylvanla RR—
*
1st real est g4s............... 1923 !V\-N 101*4__ IOH4 Jan ’13
Consol gold 5s................ 1 0 1 9
___ 108 110 Meh’ 12
1007g 101
Consol gold 4s____
'1 9 4 3
101l2 . . . 10214 Nov 12
107l2 108l4
Convertible gold 3H s."ol915 -D 0714 Sale 97ig
973g
111 111
Registered______
olU15 -D
97 J’ly ’ 12
105l2 10512
1948
Consol gold 4s____
-N 10214 103i2 1021.4 10234
AUeg Val gen guar g 4s.11942 -S
0914 1 0 0 ig 100ig Aug’12
85% *88%
D R R R & Bgo lst gu 4sgl930 -A 95 ___ 100 Sep T2
70% 78
Phlla Balt A W lst g 4s 1943 M-N 10034 . . . 100 Jan ’ 13
907g 907g
Sod Bay A Sou lst g 5 s 1924
102 Jan '03
76i2 7U12
00i2 .
?T
ArbT
,.&.L?,W
l3 lst « 4s 1030
86 87
uUN
JU^
UR
a Can gen 4 s.. 1944 -S
101i2 May’12
Pennsylvania Co—•
87 87l2
Guar lst g4 Ha............. 1921 J-J 103*2 101 104 Jan ’ 13
86 87
"1 9 2 1 J
„ Registered............
102 . . . 10234 Jan '13
8.4Ig 8034
GuarjJHs coll trust l e g " 1 9 3 7 M-S
89 Sep 12
90% 91l2
857g
80
nv.STtrf* 8 colj trust ser B.1941 F-A 857g . . .
97Sg Dec ’12
r ust Co certfs gu g S H s . 1 9 1 6 M-N 97 . . .
7734 79
867g . . . 88 Mch 12
Guar 3 Ha trust ctfs C .. 1942 J 77 77
857g 8 8 *g 873.1 Jan 12
Guar 3 Hs trust otfs D. 1 0 4 4 J78<g 78i2
903S
Guar 15-25 year g 4s___ 1931 A-O 96l.i 9638 963g
Gin Leb A Nor gu 4s g . .1942 M-N 92ig 03i2 W0i2 Dec 'll
Cl A Mar lst gu g 4 H a..1935 M-N 101 . . . 110 Jan '0,
Cl A P gen gu g 4 >$s ser A 1942 J-J IO2 I3 . . . 10734 Dec 'll
Series B ________
1 9 4 2 A -0
102l2 . . . 1003j J'ly 00
Int reduced to 3UsIl942 A-0
0114 Feb '12
Scries C 3 Hs.........
1 9 4 3 M-N
90% Oct '1 2
Series D 3 Hs___
” l950 F-A
90 May 08
Er*° * F'tts gu g 3 m 5 b I1940 J-J
0U2
May'1 2
983g 083s
Seiles C _____
1940 J -J
90% J’ly '12
9,rf5 * 1 e* 1st gu g 4 Hili041 J-J 10U2 10212 101*2 Dec ’ 12
I,*"? ,Y & Ash lst con 5 s. 1927 M-N 105 . . . 109 May 10
l o l VV V A O gu 4>is A . . 1931 J-J 101*2 . . . 102% J’ne 12
Series B 4>is.............. 1933
101*2__ 102ig Nov 12
105l2 106l2
Series C 4s.............
1942
94 08 OS's Oct ’ 12
p S 9 , & St L gu 4 Ms AlIl04O A-0 10312 104 103% Jan T3
Series B guar___
1 9 4 2 A-O 103l2 IO5 I4 10434 J'ly '12
Series O guar_______ 1*1942 M-N
106 J’no 11
106 IOOI4
Series D 4s guar___ I I I 045 M-N *9514 ’ tfs 97 Dec '12
Series B 3 Ms guar g__ 1 9 4 9 F-A 0 0 . . .
95G Sop '12
Series F gu 4s g _______ 1 9 5 3 J-D 96U___ 05% Jan ’ 13
Series O 4s guar__ ...1 9 5 7 M-N 0514 . . .
97»2 Jan 13
84 84
O St L A P lst con g 5 s..1932 A -0 109lg . . . 11312Nov 11
Peo A Pek Un lst g 0s___ 1021 g -F 106 108 109 May'll
2d gold 4 Ms.....................61921 M-N ___ 95 93% Jan 11
Pere Marquette— Ref 4 s . . . 1955 J-J ___ 59l2 54 Jan T3
51 547S 60i2 Nov 12
Refunding guar 4s______1955 J-J
8734 8 8 I2
98 Met ’ 12
Ch A W M 5s............... 1921 J-D
87«4 8 8
Flint A P M g 6i._ . . 1920 A -0 103*2 107 104 Oct '12
9214 9234
lst consol gold 5s.........1939 M-N 96 98 05% Jan ’13
92 92*8
Pt Huron Div lst g 6S.1939 A-O 00l2 98 07 N ov'12
Sag Tus A H lst gu g 43.1981 F-A
83*4
Philippine Ry lst 30-yr s f 4 s.'37 J-J ___ 847S 83
Pitts Sh A L E lst g 5 s ... 1040 A -0 107ia . . . 113 J’ly 12
lst consol gold 5s .
1943 J-J
113*4 Nov’ ll
9714 Sale 97
leading Co gen g 4s...........1997 J-J
07%
08 96i2 90%
v Registered..................... 1907 J-J
00*2
Jersey Cent coll g 4s.
1951 A-O 96 007g 06
06
Atlan City gu 4s g ...........1951 J-J
'
m
l
'8034
t Jo A Gr Isl lst g 4s___ 1947 J-J
84 Jan’’13
t Louis A San Franolsco—
General gold 6 s ............ 1931 J-J 11334 12034 IM^Jan ’ 13
General gold 5s_________ 1 9 3 1 J-J 10434 107i2 10134 Jan *13
86 86l2
831t 83 85% Dec ’12
St L A S F RR cons g 43.1996 J-J
88l2 89
Gen 15-20 yr 5s.
1927 M-N 81 Sale 80
813g
98l2 09«2
093g___ 100 Jan ’ 13
Southw Div lst g 5 s " l 9 4 7
97*2 9712
Refunding g 4s............ 1 0 5 1
78 Sale 767g
70%
88l2 89
Registered................. 1951 j - j
80-3.1 M ch'll
AUSCELLANEOUS BONDS— Continued on Next Page.
TV/TanHa RR— Sou lines 4 s.1936
-‘■'-’-exloan Cent lno g 3s trrects
25% Apr ’09
Equip A coll g 6s............ 1917
Mex Internat 1st oon g 4s..1977
Mch'10
Stamped guaranteed___ 1977
N ov’10
Winn & St L 1st gold 7s___ 1927
115
1241, Oct ’ 12
Pacific Ext 1st gold 6s...1921
__ i<Jy 110 % Aug 11
1st consol gold 5s............. 1934
100
100
Jan ’ is
1st and refund gold 4s__ 194S
00
Sale 60
62
Dos W & Ft D 1st gu Is..1935
81 79% Dec *12
M StPASSM con g 4s Int gu.1938
95% 97 97
97
1st Chic Terml s f 4s__ 1941
95
97% J’ne '12
M SSM AA 1st % 4s Int gu 1926
90%
96% May 12
Mississippi Central 1st 5 s.. 1949
98% M ch'll
IIO Kan & Texas 1st gold 4sl990 J
03% Sale 93%
04%
2d gold 4s.........................ffl990 F80 81% 80%
80%
lst ext gold 5s_________ 1944 M97 1 0 0
98
99
lst A refund 4s__
2004 M77% Sale 77%
77%
Qen sinking fund 4 )4s.._1936 J
86
86% 86%
86%
St Louis Div 1st ret g 43.2001 A—
77% 77 Dec '12
1047„ Sep
101
Dal A Wa 1st gu g 5s. . 1940 VI8778
Kan C & Pno 1st g 4s___ 1990 F877S Sale 877$
Mo K & E 1st gu g 5s__ 1942 A
10634
10634 Sale 100
1031s 104 104 Jan ’13
M K A Ok 1st guar 5s__ 1942 M
99% 100% 100's 100%
M K A T of T 1st gu g 53.1942 M
98 102 103 Jan ’13
Sher Sh A So 1st gu g 5s 1943 J101% 102% 101 Nov'12
Texas A Okla lst gu g 5s 1943 M105l2 10534 10534 10572
Ulssourl Pac 1st oons g Cs. 1920 M0934 100 0984
997g
Trust gold 53 stamped._al917 Vi97 May'1 2
Registered.............. al917 M
993g
1st collateral gold 5s__ 1920 F985s 99% 98%
Reglsterod.........
1920 F70 70*8 70
70ig
40-ycar gold loan 4s___ 1945 M___ 00i2 U6 i2 May 11
3d 7s extended at 4%
1938 M87i2 Sale 87
87i2
lst A ref conv 5s............ 1959 M92 ig . .
02% Dec ’ 12
Cent Br Ry 1st gu g 4 s . .1919 F77% . .
81 Dec ’ 12
Cent Br U P 1st g 4s___ 1948 J O
S
.
.
110 Mch’05
Leroy A C V A L 1st g 5s.1926 J93 . .
93 Jan T3
Pao R of Mo 1st ext g 4 s . 1938 F103 _.
I0 3 1 4 DCC ’ 12
2d extended gold 5s__ 1938 J1055g 10534
105
105i2
StL Ir MAS gen con g 5 s . 1931 A-O
104 Oct ’12
Gen con stamp gu g 5 s.1931 A-0
82i2 Sale 821g
828g
Unified A ref gold 4 s ..1929
807 g Oct ’ 12
Registered_________ 1929 JRlv A G Div 1st g 48.. 1033 m - n 83U 83i2 8314 8312
96 Jan ’ 13
Verdi V I A VV 1st g 58..1926 M-S 05 . . .
Uob A Ohio new gold 6 s.. 1927 J-U 117 11734 11834 Jan T3
lit extension gold 63...ftl927 g - j 112% . . . 11234 Jan T3
General go'd 4s___
1938 M-S 85% 87l2 857g Jan ’13
Montgom Div 1st g 5s...1947 F-A 107 108i2 107 Dec ’ 12
88
St L A Cairo coll g 4s__ #1930
857g Dec '12
91 0234 92 N ov'12
Guaranteed gold 4 s.. 1931 W
1 0 0 i2 IOU4 1007g
1007g
VTaShv Ch A St L 1st 7 s.. 1913 jJ-J
VN 1st consol gold 5s__
1928 A -0 IO8 I4 IOUI4 IO8 I4
108<4
Jasper Branch 1st g 6s. i923 J-J IIXI4
111 Jan ’ 13
McM M VV A A1 1st 6s. 1917 J-J io5i2 . . ; 105i2 Jan ’ 13
iois8 ___ 113 J’ly ’04
T A P Branch 1st 6)_. 1917 JNat Rys of Mex pr lien 4 Hs.1957 J -. ----- 87 85i2 87
76 80 77 Jan ’ 13
Guaranteed general 4 3 . 1977 A -0
- - 99 967g
907g
Nat of Mox prior Hen 4 Hs 1926 J-J
74 77 76i2 Jan ’43
lit consol 4s.................. io51 A-0
8 GI3 Sale 86
86 Ig
N O Mob AChlc 1st ref 6s 1960 J-J
N O A N E prior lien g 6s._pl915 A-O 103l2 104
80i2 88 87 Jan ’ 13
New Orleans Term 1st 4s 1953 J-J
86
Sale 80
86%
N Y Central A H R g 3 1*3 1097 J-J
8634 Jan ’43
Registered.................. 1997 J-J
9034 sale 90U 9034
Debenture gold 4s.......... 1934 M-N
93 May’ 12
Registered....................103) M-N
78
78 Sale 7 /3 4
Lake Shore coll g 3 H s.. 1998 F
. . . 7734 77 Jan ’13
Registered..............
1998 F-A
. . . 78 78i2Jan '13
Mich Cent coll gold 3 Ms. 1098 F
. . . 76i4 78 Sep ’ 12
Registered.................. 1098 F-A
98 Sale 98
Beech Creek 1st gu g 4 s..1936 J-J
98
99 M ay'll
Registered................... .1936 J-J
106«8 " I
2d guar gold 5s............. 1936 J
'
Registered................. 1936 J
Beech Cr Ext 1st g 3 Hs-hlOM A-O
88 . . .
88 Oct '12
Cart A Ad 1st gu g 4s__ 1981 J-D
Gouv A Oswe 1st gu g 5 s.1942 J-D 108 ___
983 gJau ’ 13
' Moh A Mai 1st gu g 4s__ 1991 M-S
N J June R guar 1st 4 s ..1986 F-A 06 . . . 105 Oct ’02
r Registered..................... 1986 F-A
N Y A Harlem g 3 M s.. 2000 M-N 80lj___ 87i2 Dec ’ 12
Registered___________ 2000 M-N
N Y A Northern 1st g 5s. 1027 A-0 loo ’ 107 100 Jan ’ 13
— 90 977g A ug’ll
N Y A Pu 1st cons gu g 4sl903 A-0
Nor A Mont 1st gu g 5s..1916 A-O
' Pine Creek reg guar 6s__ 1932 J-D li83s "II 131% Jan ’09
R W A O con 1st ext 5S.A1922 A-O 100 ___ 100ig Jan ’13
. . . 105l2 101 Meh ’12
' Oswe A R 2d gu g 5s...#1915 F-A
R VV A O T R 1st gu g 53.1918 M-N iou 2 ___ 104 J’ne’ 10
95 0738 90 Oct '12
Rutland 1st con g 4
_ 1041 J-J
83l4 85 84 Jan ’ 13
Og&LCham lstg u 4 sg 1048 J -J
92 J ne '09
Rut-Canad 1st gu g 4 s.1949 J-J
St Lawr A Adlr 1st g 5 s.. 1996 J-J 109 . . . 108 Sep '12
2d gold 6s...................... 1 9 9 6 A -0 104 ___ PJi2 Mch’ 12
95
99?g N ov’ ll
Utica A Blk Rlv gu g 4 s.1922 J-J
Lake Shore gold 3 Ha_____1937 J -D 88i2 Sale 88U
88i2
Registered...................... 1907 J-D 8834 ___ 88 Jan ’ 13
023g sale 923g
92i2
Debenture gold 4s___ 1928 M-S
' 25-ycar gold 4s............. 1931 M-N 92*4 Sale 92lg
92%
Registered................. 1931 M-N
93 Oct ’ 12
Ka A A (i It 1st gu c 5s.1938 J-J 1 6 5 ' I I "
' Mahon C’i RH 1st 5 s..1934 J-J 109 n oi2 1 m 2 M ch'll
Pitts A L Eric 2d g 5s._al928 A-0 105% .
105 Apr ’12
Pitts MoK A Y 1st gu 6s. 1932 J-J H7 . . . 1301gJan '09
2d guaranteed 6s.........1934 J-J 117 . . . 12314 Moh’12
McKees A B V 1st g 83.1918 J-J 105
Mlohlgan Central 5s.........1931 M-S 1001* . 1 " 111 Jan '12
Registered................ 1931 Q-M 104 . . . I 119 J’ne’06
98 Apr ’ 12
4 s ...................................1940 J -J
98i2 Nov 'U
Registered_________ 1940 J-J
90 J’ne’08
J L A S 1st gold 3 H3--1951 M-S
85
Ig
8
6
%
8 6 i2Jan ’ 13
1st gold 3 Ha................. 1952 M-N
8 8 % 0014 8881
89
20-year debenture 4 s.. 1929 A-0
- - - 99 99
99
V Y Chic ASt L 1st g 41.1937 A-0
97lg Jan ’13
Registered__________ 1 9 3 7 A-0
Debenture 4g________ 1931 M-N 88ig Sale 88ls
88%
}
103% 104% 101 D eo’ 12
112% 110 113 Jan ’13
122%___ 122% Dec 12
88%___ 88% N ov'12
102
102%___ 102
101% 102 102 Jan '13
89%
80% 90% 89%
103%___ 106% Apr '12
103 103% 103% 103%
80
85% 857S 81%
108%___ 113% Mch’ 12
100 101% 99% Dec 12
92% J'ly ’09
No price I nday; latest bid and asked, a Duo Jan.
90
115% 110 110 Jan ’13
1017„ 102% 1 0 1 78 Jan ’ 13 ___
103 Feb ’09 ___
5
102% 103% 102% 103%
100 102% 103% Oot 12 ___
___ 00 !>3 M ch'12 ___
101*4 Allg 12
100 N ov '12
___ 104
1)8 98% 0 8 Jan ’ 13
100
100 Sale 100
is
. . 101 101 D e c 'll
83%___ 85% J’no'p.
102 ___ 109 Feb '01
99% . . . 102 Jan '13
05 03 97 Deo ’ 12
11)1 ___
08 ___ 100% Deo 'ii
104% Salo 104% 1 0 4 % " 5
6Duo Feb. 0Duo May. <7Duo Juno, hDueJuly. o Duo Oot.
p Duo Nov.
90
87% 80%
853,i 87
124% 120
00% 00%
973g '08%
817g 83
92 92%
98% 09%
119% 120
123 123
9634 99
92*4
1127g
111% 111%
100% 107
91% 92
105*4 10534
04 953g
98 985g
973g 973g
0734 68%
08 68
02% 02%
102% 1023$
11034 11034
90 91%
10038 101%
101% 101%
OG84
97%
101% 102%
100 100
104 104
102% 102%
85% 80
90
96%
103% 103%
95% 95%
07% 07%
95
95%
83
83%
OO84 97%
90 96%
90 90%
114% 114%
104% 1043#
80 82%
100 100
748i 76*4
115% 110
101% 1017$
___ _
102% 103%
98 98
100 100%
Cl
95
Gas and Electric Light
Peo Gas A O lst con g 6 s ... 1943 A -0
Refunding gold 5s.......... 1947 M-S
Registered..................... 1947 M-S
Ch G-L A Cko lst gu g 53.1937 J-J
1013g 102%
Con G Co of Ch lst gug 5s 1930 J-I)
101% 102
Ind Nat Gas A OH 30-yr 5s '30 M-N
89% 90
Mu Fuel Gas lst gug 5s..1947 M-N
Philadelphia Co conv 5s__ 1919 F-A
ioi% 103*% Conv deben g 5s ............... 1 9 2 2 M-N
81% 86% Stan Gas A Elec ooav : f Os.. 1926 J-D
Syracuse Lighting lst g 5s. 1 9 5 1 J-I)
Syracuse L A P 5s________ 1954 J-J
Trenton G A E 1st g 5s___ 1949 M-S
Union Elec L A P 1st g 5s. . 1 0 3 2 M-S
04% 90
Ref A ext 5s___________ 1 0 3 3 M-N
Utica El L A P ls tg 5s___ 1950 J-J
Utica Gas A E ref 5s.......... 1957 J-J
Westchester Ltght’g g 5 s ... 1 9 5 0 J-I)
113 113
98%
97%
9734
0
95^2 Salo
05 Oct ’12
___ 95
100 103 102% J’ly ’ 12
*:J
Low High
N
O
Gas and Lileclric Light
Kings Co El L A P g 5s____ 1937 A -0
1 Purchase money 6s______ 1 9 9 7 A -0
i Convertible deb 6s______ 1922 M-S
' Ed El II Bkn lst con g 48.1939 J-J
Lac Gas L of St L lst g 5 s ..#1919 g -F
, Ref and ext lst g 5s........ 1034 A-O
Milwaukee Gas L lst 4s____ 1927 M-N
! Newark Con Gas g 5s______ 1948 J-I)
( N Y G E L H A P g 5s____ 1948 J-I)
Purchase money g 4s
1 9 4 9 F-A
Ed El 111 lst cons'1g 5sIII 1995 J-J
lst oons 3s. 1930 F-A
N Y A Rich Gas lst g 6 3 __ 1 0 2 1 M-N
pacific G A El Co Cal G A E
,) Corp unifying A ref 5s..1937 M-N
Pac Pow A Lt lst & ret 20-yr
5s Internat Series____ 1 9 3 0 F-A
iC St A Passaic G A E 5s___ 1949 M- S
ic-i
Range
Since
Jan. 1
104*% 105%
s Option sale.
St L & San Fran (Con)
K C Ft S 4 M con f 6s__ 1028
K C Ft S As M Ry ret g 43.1030
Registered___________ 1936
K C * M R & B 1st gu 53.1929
Ozark & Ch C 1st gu 5s g_1912
StL S VV 1st g 4s bd ctfs.. 1989
3d g 4s Inc bond ctts____pl989
Consol gold 4s__________ 1932
Gray’s Ft Ter 1st gu g 53.1947
I A & A Pass 1st gu g 4s__ 1943
S F & N P 1st sink t g 6 s..1919
Seaboard Air Line g 4s____ 1950
Refunding 4s________ 1959
Atl-BIrm 30-yr 1st g 4s.*1933
Car Cent 1st con g 4s___ 1949
Fla Cen & Pen 1st g 5s__ 1918
Southern Pacific Co—'
Veek’s
Range or
Last Sale
High
As* koto
11258 113 112*8 112*4
77'4 77*4 77*2
77*4
77*2 J’ly '12
95 ___ 103*2 J’ly ’ 19
9978 ----- 100i8 100is
8934 Sale 89*8
8978
78 ___ SO Jan ’ 13
80*3 Sale 8012
80*8
100 .
lolls A p r'()/
----- 85 84*4
85*4
95 ___ 101 Oct '09
85 Jan T3
----- 80ig
86
85*4 86 85*4
Hid
U-N
A-0
A-O
A-0
A-0
M-N
J-J
J-D
J-l)
J-J
J-J
A-o
A-O
A-O
F-A
A-0
M-S
J-J
J-J
J-J
J-J
J-J
J-J
J -J
73*78 Saie 73is
7U2
7 / i2 78i2 79 Jan 13
84 ___ 87 Jan T3
9178 ___ 9178 Jan 13
1 0 2 1 4 ___ 103*4 Jan T3
*10314___ 104 Nov'12
107 J’n e’ 12
105
104**8 1051s 105
104*4 - - - 10t*j Sep '12
102 105i2 105 May’12
98
J-D 97 Sale 95
95i2
J-D 9512 Sale 95
93*8
M- S 02i2 Sale 921a
96
Cent Pac 1st ref gu g 4s.
F-A 9578 Sale 9578
F-A ___ 05 01l2J’ly ’ 12
90*2
J-D ----- 91 90*2
A-O ___ 01i2 91 Nov'12
M-N 104*2 10512 104*4 Dec ’ 12
u - n ___ 10314 102*8 j ’ly '12
U-N 103 ___ 103 Dec T2
M-N 103 105 104U May’12
H 4 T C 1st g 6s Int gu.
j - J 109*2 10078 109*4 Sep T2
A-O 03 04 94*4 Dec M2
Gen gold 4s lnt guar.
M-N 114 118 119*4 Mch'10
J-J 100 1057„ 108 Jan M3
A-O 109 11U2 111*4 Aug M2
Morgan's La & T 1st 7sl
J-J 10678 108i8 107 Jan M3
A-0 109 ___ 112 Feb '07
101 Oct M2
J-J 102 .
116 May'07
M-N 105 .
So Pac of Cal— Gu g 6s
01
.
91*2 Sep M2
So Pao Coast 1st gu 4s g
J-J
89*4 Jan M3
San Fran Terml 1st 4 s._
A-O ------88*2
Tex & N O con gold 6s ..1943 J-J 1 0 0 l8 101 101*8 M ay'll
93*8 Sale 03*8
04is
■o Pao RR 1st ref 4s____
J-J
Southern—
1st consol g 5 s _________ 1094 J -J 1087g Sale 100*8 10078
Registered................. ..1994 J-J . . . 105*2 105 Sep Ml
78*8
Develop & gen 4s Ser A . 1950 A-0 78'g Sale 777g
80
M o b & O h i o coll tr g 4s
1938 M-S 867g Sale 85U
Mem Dlv 1st g 4 K-5s. 1906 J -J 107*8___ 107ia Dec M2
87 00 87U
St Louis dlv 1st g 48.. 1051 J-J
87*4
Ala Cen R 1st g 6s .
1018 J -J 1057a ___ 105*4 Sep ’ 12
87U___ 87*4 Jan ’ 13
'•Atl & Danv 1st g 4s___ 1948 J-J
83 ___ 8214 Feb M2
> 2d 4s...............................1048 J-J
Atl & Yad 1st g guar 4 s..1949 A-O 83*8___
Col & Greenv 1 st 6s_____ 1916 j - j 103 ___ 105*4 Deo 'll
100*2 Oct M2
B T Va & Ga Dlv g 5s__ 1930 j - j 106 .
■ Con 1st gold 6s______ 1956 M-N 109 109lp 109la 1091a
■B Ten reorTlen g 5s_____ 1038 M-S 193 . . . . 105lg J’ly M2
A -0 63*2 65 04 Dec M2
1097S
10
110*8 1097S
Qa Pao Ry 1st g 6s______1922 J-J 1112
115 114 J’ ne 12
.T-J
J 105*8___ 105*2 Nov '12
77*2 Deo M2
•T-J 70 ___ 102
Oct M2
J-J 1 0 1 * 8 ___
103*2
Jan M3
103U___
A-0
\f-N 72 . . . . 73 Sep M2
101
•So Car & Ga 1st g 6s__
M-N 100*4 103*8 101
Virginia Mid ser 0 0s__ __
61- S 104 ___ 112 Oct '06
* •Series D 4-6s_________ 1921 M-S 1037g 104 103*j N ov’ 12
E 5s___________1926 M-S 104 ___ 104*4 Jan M3
Series
erles F 5s___________1931 61- S 1 0 1 * 8 ___ 105 J’ne M0
General 5s________
1936 61-N 100*2 108*4 108U Jan M3
103
Va & So’ w’t 1st gu 63.2003 J-J 108 ___ 108
95*2
1st cons 60-year 6 s .. 1958 A-O 06*4 90 05*4
W O & W 1st cy gu 48__ 1924 F-A 93 ___ 03*2 Sep M2
101
___ 102 N ov’12
'■ west N O 1st con g 6s. 1 9 1 4 j - J
*___
103
102*2
Apr
’ll
Spokane Internal 1st g 6s..1955 J-J
104
rper A of St L 1st g 4 Ms .1939 A -0 1 0 2 U ___ 104
4. 1st con gold 6s__ 1894-1944 F-A ___ 109*2 111 Aug’ 12
Gen refund s f g 4s______1953 J-J . . . . 02*8 94*8 Oct M2
105M___ 100*8 Sep M2
1 St L M Uge Ter gu g 5 s..1930 A -0
Vox & Pao 1st gold 6s____ 2000 J-D 106ia 106*4 100*4 106*4
45 . . .
61 Nov '12
2d gold Inc 6 s ................. <22000
05 ___ O012 Apr Ml
, La Dlv B L 1st g 5s......... 1931 J-J
106*2 Nov’04
r W M l n W & N W 1st gu 6s.’30 F-A
Tol & O O 1st g 6s.............. 1935 J-J ICOI4 107*4 100*2 Deo M2
Dlv 1st g 6s____ 1935 A-0 106*8 . . . 107*4 J’ne M2
System
103 N ov ’ 12
encral gold 5s_________ 1935 J-D ----- 103
Oil* Sale 0U2
91*2
Kan Sc M 1st gu g 4s___ 1990 A O
98*4___ 08*8
08*4
2 d 20-year 6s_________ 1927 J - J
90*8 Sale 90*8
00*8
Ol P & W 1st gold 4s........ 1917 J-J
?ol
83 ___ 84 Deo M2
St L & W or lien g 3 M»-1025 J-J
66
5Q Sale 50
60-year gold 4s_________ 1950 A-0
6 ti
65 08 Deo M2
; Coll tr 4s g Ser A _______ 1917
89 . . . . 89 Jan M3
pr
Ham
&
Bull
1st
g
4s../il946
n
! Tlster & Del 1st con g 6s..1928 J-D 103*8___ 103*8 Jan ’13
A -0 ___ 84 85*2 J’uo’ 12
1st refund g 4s_______ 1952 J-J
nlon Pacific—
J-J
1 9 4 7 M-S
Registered__________
20-year conv 4 s . . . _____ 1927 J-D
..02008 F-A
1st 60 ref 4s___ . . .
Ore Ry & Nav con g 4 s .. 1940 J-J
Ore Short Line 1st g 6s..1922 J-D
, •1st consol g 6s________ 1946 J-J
. Guar refund 4 s . . . . ___1929
t ■ Utah Si Nor gold 6s___1920 P-A
If1st extended 4 s ______ 1933 M-N
.VTandalla cons g 4s Ser A .1955 J-J
sjY Consol 4s Series B____ 1957
Yera Cruz & P 1st gu 4 Ms. 1934
>
■\ 1st RR & land grantg43.1947 J-J
Coal & Iron
Bull & Susq Iron s f 5s....1 932
Debenture 6 s ..___
al926
OolF Sc I Co gen s f g 5s___ 1943
# Col Fuel gen 6s_________ 1919
Col Indus 1st Sc coll 5s gu..l934
Oons Ind Coal Me 1st 5s__ 1935
Cons Coal of Md 1st Sc ref 5s 1950
Or Hlv Coal & O 1st g 0 S ..A 1 9 1 9
Kan & H O A C 1st s f g 6 S .1 9 5 1
Pocah Con Collier 1st 3 f 5 s. 1957
Bt L Rook Mt & P 1st 5 s. . . 1 9 5 5
Venn Coal gen 5s_________ 1 9 5 1
» Blrm Dlv 1st consol 6 s..1917
Tenn Dlv 1st g 6s...........al917
: Cah O M Co 1st gu g 0 s..1922
Utah Fuel 1st g 5s............... 1 9 3 1
Victor Fuel 1st s f 6s.......... 1 9 5 3
BONDS
Y. STOCK EXC1IA
Week Ending Feb 7.
09i j Sale 99
09*4
97*4 . . . . 08*2 Jan M3
90*4
Sale 96*4
05*4
94 06*2 95
03i4 oa 93*4
03*2
111*8 HIM U 1*« Jan Mil
107*8 108ij 107*8 107*8
01»8 Sale 01
01*4
104ig . . . 103 M ay'll
93*4 90
04 Sale "dF 'oF
9U» 94 94*g N ov’ 12
----- 03 04 Oct M2
05*4
99 >s 100*s
893g 90
80
80
80
81
Yl/abash 1st gold 5s______ 11
' ’
2d gold 5s.................. It
Debenture Series B____ 19...
1st Men equip s fd g 5 s ... 1921
Price
Friday
Feb 7
BUI
■Vecks
Range or
Last Sale
Ask Low
I Bonds
I Sold
Price
Friday
Feb 7
Interest
Period
Interest
Period
BONDS
T. STOCK EXCHANGF.
Week Ending Feb 7.
If.
409
New York Bond Record— Concluded— Page 4
F e b . 8 1913 ]
High No. Low High
9
U-N 105*4 105*4 105*4 105*4
99*s 33
F-A 99*8 Saif 99
90 J’neJz ... .
J-J
31- S ----- 09*s 99*3 Dec M2 —
J-.T 80
46
61 "62"" C0 *»
01*8
j-j
6378 Oct 12
----- 63 63*2 Oct ' 12
Cent i rust Co c t fs ...
Do Stamped____
Eqult Tr ;st Co ctfs..
84*4 85^4
58 59 58
58*4 53
Do Stamped____
Det & Ch Ext 1st g 5s.. .1941 j - j 107 ___ 107 Jan M3 ___
85
85
80 Aug M2 ___
j - j ----- 80
85*2 86
69 Dec 12
Om Dlv 1st g 3 Hs
..1941 A-0
Tol & Ch Dlv 1st g 4s . 1941 61-S 80" ___ 80 Jan M3
73<s 7714 Wab Pitts Term 1st g 4 s . . . 1954 J-D
2 6 *2 Jan M2 ___
78 79
26 27 26*2
26*2 14
Cent Sc Old Col Tr Co certfs
87 87
2
Columbia Tr Co ctfs
26*4
2512 ___ 26*4
2d gold 4s.........
1 9 5 4 J-D
913t 917S
2 Jan M3 ___
1*4 2
7
103U 103U
Trust Co certfs.
17s
17g
Ug 2
8331
F-A 97*4 " 100 Sep 12
105 105
West Maryland 1st g 4 s
" 1 9 5 2 A-O
S378 104
83*8 Sale 83*8
West N Y & Pa 1st g 5 s.” l937 J-J 107*4___ 106*8 Jan M3 ___
Gen gold 4s________
86
Oct 1L
1 9 4 3 A-O ----- 86
Income 5s___
34 Feb '07
dl943 Nov
921* 9 8
lOlloOct *12
Wheeling & L E l s t g 's s l ' 1926 A-O ion?
95 95l2
100 " Dec M2
Wheel Dlv 1st gold 5s. 1028 .T- J
92'4 933t
Exten & Imp gold 5s
1930 F-A
99 104*4 101*2 Jan M3
9134 96l2
R ll 1st consol 4s
1 9 4 0 M-S
805g 81*2 80*8 J<in ’ 13 ___
98*4__ _
20-year equip s f 5sII‘ l922
90*2 90i2 Winston-Salem S B 1st 4 s 1960 J-J
1
90*2
89*8 90*2 00*2
2
WIs Cent 50-yr 1st gen 4sl'l049 J-J
01 91*4 91
91*8
1
Sup&Dul dlv & term 1st 4s ’36 61-N 90 90*4 90
00
106 106*8
107 * 107 *
89>4 90
9234 04l8
100U 10718
104*4 10434
77*8 78i2
85*4 86*2
87U
8812
' 86‘ ij '87U
100U 109*8
1097* 110
103*2 1031*
iO l* 10l“
10434 ioi»4
108*4 108*4
108 108*8
93U 0578
103*2 104
106'a 107*4
9Hj 91*2
981* 98*4
90lg 0U3
60
5712
89 89
103 10112
08*4 09*8
081* 08i2
95 07
96 03*2
03'8 03*4
HIM 112is
107*8 109
91 93's
04
94
<iJ?.afV^af turine1st
and
Allls-Chalmers
5s Industrial
1 0 3 6 1- J
Trust Co ctfs deposit
Am Ag Chem 1st c 5s
1 9 2 8 A-0
Am Cot Oil ext 4 Hs.
1915 q -F
Debenture 5s_____
1 9 3 1 61-N
Am Hide Sc L 1st s f g 6s” ~1910 M-S
Amcr lee Secur deb g 6s.. 1925 A-O
Am Smelt Securities s f 6s '1926 F-A
Am Spirits Mfg 1st g 6s
*1915 M-S
Am Thread 1st c o 'tr 4s
1919 J-J
Am Tobacco 40-yr g 6s
1944 A-0
Registered______
* *1044 A-0
Gold 4s____ ________. * . * 1 0 5 1 F-A
*1951 F-A
Registered..........
Am Wrltg Paper 1st s f 5s._ 1919 J-.l
Raldw Loco Works 1st 5s..1940 61-N
Beth Steel 1st ext s f 5 s ___ 1 9 2 0 J-J
1st <&ref 5s guar A ____ 1942 61-N
Cent Leather 20-year g 5 s .. 1925 A-O
Consol Tobacco g 4s______1951 F-A
Corn Prod Ref s f g 5s........ 1931 61-N
1st 25-year s f 5s________ 1934 61-N
Cuban-Amer Sugar co'l tr 6s 1918 A-0
Distil Sec Cor conv 1st g 5 s. 1927 A-0
E I du Pont Powder 4MS--1038 J-D
Gen Electric deb g 3 Ms___ 1942 F-A
10-yr g deb 5s........ .......... 1917 J-D
Debenture 5s (rects)____ 1952 M- S
Gen’l Motors 1st lien 0s
1915 A-0
III Steel deb 4 Ms......... ........1940 A-O
Indiana Steel 1st 5a__ '
1952 61-N
Int Paper Co 1st con g 6sIIl91S F-A
Consol conv a f g 5s.
1935 J-J
Int St Pump 1st s f 5s_____ 1029 M-S
Lackaw Steel 1st g 5s______ 1923 A-O
1st con 5s Series A ______I960 61- S
6-ycar convertible 5s___ 1915 61-S
Llgg & Myers TobCo7stpy bd s..
5s temporary bonds................
Mexican Petrol Ltd env 6s A '21 A-O
Nat Enam & Stpg 1st 5s__ 1929 J-D
Nat Starch 20-yr deb 5s__ 1930 J - J
National Tube 1st 5 s _____1052 61-N
N Y Air Brake 1st conv 6s..1928 61-N
P Lorlllard Co 7s tem’pry bds__
5s temporary bonds__ ______
Ry Steel Spgs 1st s t 5s___ 1921 J -J
Repub I & S lst&col tr 5 s..1934 A-0
10-30-year 5s s f________ 1940 A-O
Standard Milling 1st 5s___ 1930 M-N
The Texas Co conv deb 6s.. 1931 J-J
Union Bag Sc Paper 1st 5 s.. 1930 J-J
Stamped........................... 1930
U S Leath Co s f deb g 6s__ 1913 61-N
U S Realty & I conv aeb g 5s.'24 J-J
U S Red « Refg 1st g 6s__ 1931 J-J
U S Rubber 10-yr coll tr 6S.1918 J -jl
Registered______________1918 j - i i
U S Steel Corp—/c o u p __ dl963 M-N
S f 10-60-yr S sireg ___ dl963 M-N
Va-Car Chem 1st 15-yr 5s..1923 J-D
West Electric 1st 5s Dec 1922 J-J
Westtngllouse E & M s f 58.1931 J-J
10-year coll tr notes 5s. .1917 A-0
Telegraph & Telephone
Am Telep & Tel coll tr 4 s .. 1929 J-J
Convertible 4s__________ 1936 61-S
20-yr conv4 Ms (whlss)..l933
Chicago Telephone 1st 5s..1923 J-D
Commercial Cable 1st g 43.2397 Q- J
Registered______________2397 Q-J
Cumb’d T &T 1st <Scgen 53.1937 J - J
Keystone Telephone 1st 5s. 1935 J-J
Metronol Tel <fc Tel 1st s f 5s 1918 U-N
Mich State Telep 1st 5s___ 1924 F-A
N Y Sc N J Telephone 6s g_1920 61-N
N Y Telep 1st & gen s f 4 Ms 1939 M-N
Pac Tel & Tel 1st 5s............. 1937 J-J
South Bell Tel AT ls ts f 63.1941 J-J
West Union col tr cur 5s__ 1938 J-J
Fd and real est g 4 Ms__ 1950 61-N
Mut Un Tel gu ext 6s__ 1941 U-N
: Northwest To' gu 4 Ms g-1934 J-J
Range
Since
Jan. 1
105*2 IO6 I2
98*4 99*2
_______ _
_______ _
59
647S
50 61*4
107 107
___ ___ _
80
26*2
25
26
80
26*g
27*2
28
2
2
1*4
2*4
82*4 83?s
106*8 106*8
_______ _
101*2 101*2
80*2 60*8
90*2 91
90*2 91*8
90 90*2
57 Dec M2
59 63
58 60*4 59 . 60*s
1017g Sale 10U2 1017g ii 101 1 0 U8
19 90*4 97*4
97
97*8___ 97
93*2 94*4 94
94*4 26 94 95
101*2 102
101*4
103*2 15 101 103*2
5 74*2 76*4
76*4
76*4 Sale 75
105 Sale 10434 105 10 G 103*4 105
99 99*2 99*2 Jan M3 ___ 99*2 991S
93 93*? 93*4 Jan M3 ___ 93*2 93*4
6 120
120*8
121 12U2 120*8
120*8
. _____
120 N ov '1 2
2
07' 98 97*8
96*2 97*8
97*8
_ _ ____
95*8 J’no '1 2
89*2 Sale 89*4
897g 17 89 90*8
103*8
90*2 Sale 96*8
96*4 22 95*4 96*4
44 85*2 86*4
80 sale 85*4
86*2
90*8 Sale 96*2
97 214 94*8 &7
----- 98 96*4 Jan M3
96*4 97
08 96*4 9Q Jan M3
95*4 96
0
91*4 93*2
93*8 94 92*2
92l2
2
94*4 96
94*4
94*4 Sale 94*4
697g 39 64 70
60 70 67
90
89*2 Jan M3 ___ 8 8
___ 89
78 70
----- 77i2 79 Jan M3
141 141
141 Jan M3
22 1037g 105*3
105 Sale 104*8 105
0978 22 98*4 100
09?8 Sale 99*4
13 8 8
89*2
89
89 Sale 89
41 100*8 101*4
I007g Sale 100*4
101
10 102
105
104
103 104*4 104
87*8 91*4
87*s 907g 91 Jan M3
87 89 87
87*s 16 87 88*4
96*8 Sale 96*4
90*2 12 95 961a
23 78*4 80*4
79 79*2 78*4
80
95*4 Sale 95*4
95*8 63 94 95*$
66 1197s 122*8
121*4 Sale 121*8
122*8
99*2
99*4 55 96*2 99*4
99 100
99 100 09*4 Jan M3
94 ___ 94 Jan M3
91 95
_______ _
87 8 8 ** 89*4 Sep M2
987g 73 98*s 99*2
985g Sale 98*s
1 102 103
102
102
101*2
15 121*8 12212
1221 ?
1217g 122*8 122
995ft 31 97*4 99*8
99*2 Sale 993ft
07*4 98*8 07*4 Jan M3 ___ 971* 98*2
103 ___ I027 g Jan M3 ___ 1027g lU27g
917s 17 91*8 92*8
01*8 9178 91*4
89
89 89*4 8 8 *s Jan MS - - - - 8 8
100*4 S3 99*2 1007a
0978 Sale 997g
5 90 92
90
___ 90*2 90
___ 92 91*4 Jan M3 __ 89*2 91*4
5 100*8 100*8
100*8 100*4 100*8
100*8
£6
87*o 89
877g 88*2 87l2
88
25 25
25 32*j 25 Jail 13
103*2 Sale 103*4 103*8 48 102*4 103*i
__ _
103*8 Jan MU
286 101*4 102
101*4 Sale 101*2
102
6 101*8 102
1 0 1 *i
101*2 Sale 101*2
24 9G*2 93
977g Sale 97*4
98
28 101*8 102*4
102 Sale 102
102*4
04
53 93*8 94
937 g Sale 037g
96*8 967a
96*8 97 96*s Jan 13 —
73 88*8 90
89 Sale 8 8 *s
89
79 105*4 1107s
100*2
100*8 107 100
1027s 10378
103*4 Sale 1027g 103*4
1 0 0 T1
76*4 85*2 82*2 Dec ’12
831a NoV’ ll
23 997s 100*4
100*4
99*4 100 1 0 0 '
. - ___
89*4___ 85 Aug M2 ___
101*4 102
100
___
100
___
101*8
101*4
101*8
2 101
Jan M3
103*4 May’ ll
98 Sale 977g
98
65
26
100*8 Sale 100*8
100*8
100*8 Sale 100
100*4 22
102ii Sale 102*3 102*2 23
95 96*4 95*2
95*8 15
103
94
___ 93 Jan M3 —
101*8
09 100*4
97*8 99
99*4 101
99 101
101
102*3
95*2 96*1
93"
93"
MISCELLANEOUS BONDS—Concluded.
Miscellaneous
4 80*2 82*fc
Adams Ex coll tr g 48_____ 1948 M-S 8 H4 Sale 81
82
91*4 13 01*2 92 .
Armour & Co 1st real est 4 M® '39 J-D 91*4 Sale 91*4
89
4 89 89*1
08 09*8 Hush Terminal 1st 4s______ 1952 A-0 89 Sale 89
Consol 5s_______________1955 J-J
95 90
04*4 96*2 96 Jan M3
Bldgs 5s guar tax e x __ 1960 A - O
94*2 96 97 N ov’ 12
83*2 85
170
Chino Copper 1st conv 6 s..1921 J-J 165 Sale 165
14 165 190 ’
103 Sale 103
Inspir Cons Cop 1st 6s irectsi. .
103*4 11 103 1QS<|
Int Mercan Marine 4 Ms___1922 A-0 65*4 66
2
64*2 w 'i
05*8
65*4
Int Navigation 1st s f 5s___1929 F-A
7 79*4 79«j
79 79*4 79*4
70*8
08 98
87*3 877a Mge Bond (N Y) 4s ser 2__ 1966 A-0
10-20 yr 5s series 3 _____ 1932 J -J
99*2___ 99*2 Dec M2
77*3 80
Morris & Co 1st s f 4 Ms___ 1939 J-J
89*2
1 89*2 891*
88*4 89i2 89*2
102*3 103
83 84:
N Y Dock 50-yr 1st g 4s__ 1951 F-A
83 ___ 84 Jan M3
103 103
Nlag Falls Pow 1st 6s......... 1932 J-J 102*8 Sale 102*8
5 10 2 102*1
102*8
Ontario Transmission 5s___1045 M-N
92 Dec M2
37 92*8 ?S
Pub Serv Corp N J gen 5s..1959 A -0 02*8 Sale 02*8
02*8
1137* I2i
*79*4*14
Ray Cons Copper 1st conv 6s 1921 J -J 112 113 115 Jan M3
y » ir o n Coal A C o k e li t g 611949
2 06*2 08
Wash Water Pow 1st 5s...1939 J-J 102 ___ 102 Dec M2 ___ . . . . . . . »
07ii 08 07ii
£ !H<> Price Friday! latest bid and asked oDueJan dDue April «Due May flDuoJuao ADuoJuly fcDuoAug oDueOot
it dDueNov
dDue Nov «Due
<zDue Deo (Option
"ly ’22
io v ’ ll
09*a
3
107*.|____ 107M J’ne’ 12
84*4 .Sail 84
85
42
86 J’no’ ll
___ 94 93 Oct T2
95 ___ 102*8 Apr ’06
08 Jan '13 . . . .
‘ 87'ij Sale 87M
87i
77 77*2 77ia Jan ’ll
102 103 103 Jan ’ ll
10278 . . . 103 Jan T3
10Ui 103 101*4 Deo '12
110 Jan '09
07 ___
86 . . . .
98*8 lOO
410
CHICAGO STOCK EXCHANGE— Stock Record
STOCKS— HtOdVST
Saturday
Feb. 1
*30
*91*2
92
24*8
*7*2
*3*2
•10
*38
*9
*48
35
93
92
24*3
8*2
4*2
18*4
40*2
9*4
55
Monday
Feb. 3
*30
35
*91*2 93
92
92
21*8 25
*7*2 Sl2
4
4
*1 0
18*4
*38
40*2
*9
9*4
*43
55
AND LOWEST SALE
Tuesday
Feb. 4
*30
♦91*2
92
25
*7
3*2
*1 0
*38
8*2
♦48
Wednesday
Feb. 5
35
♦30
03
*92
93
*90
26*4 25
8
7D
3*2 *3*2
18*4 *1 0
40*2 *38
8*2
*8*2
65
♦48
TRICES
Thursday
Feb. 6
S a te s
o f th e
W eek
S h ire s
Friday
Feb. 7
35
Last Sale 30
Jan’ 13
94
Jan’ 13
Last Sale 91
92
*90 92
93
93%
25*4 25*4 25*4 25*4 25*2
7*2
4
*3*2 4
*3*2 4
Last Sale 18 Nov'12
18*4
Last Sale 41 Nov’ 12
40*2
9
*8*2 9
*8*2 9
Last Sale 50 Dec’12
55
42*4 43*8 42
125J4 1 2 /
12012
•465 490 *405
*134 134*8 *134
•5.3 55
51
*101
13I34
*64*2
*87*2
*53
♦51
102*2
13134
00
83*2
57
61*2
209*2 209*2
*142*2 143
15*4 16*4
393.1 39% 39*8
33*2 39*8 39
43*8 39% 41
125 125%
127*2 126*2 127*2 124i2 126
125 125
490 490 490 *405 490 *465 490 *405 490
1345s *134 1343s *134 13438
Last Sale 134 Jan’13
*54
55
54
54
54
102*2 *1 0 1
Last Sale 102 Jan’ 13
*101
102*2 *1 01
1 0 2 t2
13134 13178
131*8 131*8 *131*2 132 *131*2 132
132 132
64
64*2 64
05*2 05*? 6434 05*2 *04
05*2 64
8833 80
*37
88
♦87 8 8
*87
83
87
87
*53
57
Jan’13
Last Sale 55
*53
*53
57
57
51
51*2 50*4 51*2 51*8 61*4 ___ ___
51*4 *51
142 May’ 12
207 208 207*2 207*2 ♦207 2 0 S *207 203 *207 208
141 142*2 142 142*4 142% 144
142U 143 *142*2 143
15
15 ___ ___
15
15*2 14*8 14*8 *15 15*2
87 Oct’12
108 109*2
110
110*4
*97*2 98
•97*a 93
*97*2 98
74
74*4 73
72
73*2 72
114 114
*97*2 98
72
72
97*4 97*2 __ _ ___
71*2 7 D4
72
72
110*2 110*2 113*4 113*1
7038 Aug’12
1211 * 1211 *
Last Sale 121 Jan’ 13
124 * 1 2 0 124 *120 124
119 119
119 * 1 1 9 120 ♦119 120 *119 120
119 ♦115*2 117*2 *115*2 110*2 *115*2 116*2 115*2 11534
62*2 01*4 61*4
02*2 ♦61*2 62*2 *61*2 62*2 *01
.60 May’12
*911*
♦91!*
*91*2___
*9112___ *91*2___
115*8 110 *115*2 116*2 11538 110
Ii5t« 115*2 1147s 114*8 115*4 115*2
♦81
83
*81
Last Sale 82*2 Jan’ 13
83
*81
83
*81
83
99
99*2 99*2 *99
99*2 *99
99*2 ♦99 99*2 99
99*2 ♦99
*88
Last Sale 91*2 Dec’12
*88
90 *83
90
*83
90
00
*98 100 *93 100
*98 100 ♦98 100
9733 9733 ___ ..
207*4 207*2 2053a 207*8 205 20534 2045s 205 204*2 205 205*2 205*2
*121 125 *124 125 *124 125 *124 125
Last Sale 123*8 Jan’ 13
34 Jan’ 13
92 Dcc’ 12
106 106*4 106*4 1003S 100 106*4 105*8 100 100 100 100 100*2
*245 253 254 202
205 205 *205 208 ♦205 268 205 208*2
*106 107*2 10634 1003J 107 107 *107 107*2 107*2 107*2
200 200
190 190
18838 189*2 *189 190 189 139% 189U 189*4
li? May’12
♦1
1*4 *1
l'.| *1
1*1 *1
1*4 *1
1*4
1*4 1*4
6434 6538 64
6434 04*4 047s 04
64*2 05*8
61*4
*11*2 13 *11*2 13 *11*2 13 *11*2 13
13 Jan’ 13 .
104 104
.
103*8 103*8 104 104
105 105
♦121 123
*120 124 * 1 2 0
*115 120
119
*11534 119 *1153.1
*613; 02*8 *01*2
Inter
est
period
Pries
Friday
Feb 7
Rid
Week's
Range or
Last Sale
Ask Low
High
91 April’ 12
J- J
91*4
9134
J -D t 9134 Sale
82U April’ 12
; ....... ___ ___
96i8 May’ 12
M-.. ___ ___
F - A 1101*8 Sale 10134 101*8
87
80
80
A - O f 80
J - J f 93 98% 99U Jan 13
94
94
J - J i 94 Sale
Chicago Rys 5s...............
F - A 100*3 Salo 100i8 100G
Chic Rys 6s.......series
A - O t 0134 95*8 94*3 Jan ’ 13
Chic Rys 4s.......series ‘A’ A -O
903s Jan ’ 12
1 -1) { 80*2 Salo
8G%
80l2
Chic I.tys 4s___ .series ’’C’ F -A { 91*2 94% 93 Jan ’ 13
100 Jan ’12
F - A ___ _
73U Jan ’ 13
J - J { 73*4 74
56
53
50
Mayl { 50
101% 101*1
J -D { lODi Salo
93
90’a Dec ’12
J - J t___
103ia
vi- S 103*8 Sale 103
M - 3 1102*2 Sale 1021.1 102i2
9934 Deo ’12
M -N {100% ___
........ tiOS ___ 108 Jun ’13
993, April’ 12
A -O __ _ . . . .
M-N ................ lOUi May’12
Dp
F -A ................ 100% May ’ 12
........ ----- ----- 105's Aprll’12
Kan City liy & Light Co
; 5 s .............................. 1
90 Oct ’12
M-N
ILake St El—1st 5s......... 1
88
87 Jan '13
J - J { 85
Metr W Side El 1st 4s__ 1
F -A { 81*2 Sale
8 H2
8 H2
8 OI2 Jan ’13
J - J { 80% 81
L*’ - A
104*8 April'12
__
do
95 Aprll’12
j - j
___ ___
do
j -i)
__ ___
90*3 May’ 12
M-N
J - J { 8834 89% 88 Jan '13
100*4 May'12
M -N ___
A -O {102*8 . . . . 103*4 April’ i2
:
do 1st A ref g 5s____ ... A -O {10033 100*8 100 Jan ’ 13
Nor Sh Oft!) of 111 1st 5s.. 1937 F -A
0513 Sept '12
North West El 1st 4s___ 1911 M - S ___ ,
lOOU July ’l l
90*3 Jan ’13
Q -M ( 09*8___
M-N { 90*4 90*8 96*4
90*2
92 May’ 12
J - J .... ....
Fac T A T 1st coll tr 6s..1907 J - J
IOO May'12
Tcarsotis-Taft 5s..............191 0 J - I) { 07*2 — - 100*8 Alch '09
4.4 0s____________
00% Mch'10
M- S { 94 . . . .
4.60s Series K_____
97 Feb '10
M-N { 95 ___
4.80s Scries F.........
M-N { 06*4 — - 98% Nov ’ll
Peop Gas L & C 1st Os... 1943 A -O {114 117
115% Sept ’12
. Refunding gold 5s........ 1947 M- S {102*8 Sale 102*3 102*8
: Chip Gas L & C 1st Ss. 193) J - J {10234 103
10234 Jan’ 13
Consum Gas 1st 5s___ 1930 J - D ___
lOtU sept ’ 12
/ Mutual Fuel Gas ist 6s 1917 M-N {100 101
100*4 Jan ’ 13
1Pub Scrv Co 1st rol g Ss.1956
{ 97*4 Sale
97is
9738
Sou Bell T & T 1st s f 6s. 1941 i - j
190*4 May ’ 12
South Slje Kiev 4Ks___ 1924 j - j { 92% 94
931,1 Jan ’ 13
Swift & Co 1st g 5s..........1914 j - j {100 ___ 100*8 Jan ’13
i Trl-CJty Ry & Lt coll
trust lien s r 6s............ 192 3 A -O
08U April’ 12
1 Union Elec (Loop) 6s___ 1946 A -O { 7534 00
85 Aprll’ 12
Ip § Gypsum 1st g 6s___ 1922 M - S
100
May’ 12
................ 102% Aprll’
i tT 8 Steel 10-60-yr a f g 5 3 .
12
'Western Elec Co 5s........ i 9 2 2 J - J {101*4 102*4 100*8 Oct ’12
. Note—’Accrued Interest m ust
bo added t o all Chicago
Auto Elec 1st M 0s........
Cal Gas & El unlf & ref 5:
Chicago City Ry 5s___
Range for Previous
Year 1912.
Range for Year 1913
Highest.
L o w e s t.
Railroads
Chicago Kiev Rys oom 100
Do prel__________ 100
105 Chic Rys part ctl "1 ” __
1,170 Chic Rys part ctf "2 ” __
115 Ohio Rys part ctt "3 ” __
12 Chic Rys part ctf “ 4” __
Kansas City Ry & Lt.100
Do pref___________100
Streets W Stable C E.100
Do pref___________100
ftliscel'aneons
3,420 American Can_______ 100
1,400 Do pref___________100
10 American R adiator.. 100
Do pref.............
100
Amer Shipbuilding__ 100
Do pref___________100
125 Amer Telcp A Tcleg-_.100
250 llooth Fisheries com . 100
18 Do 1st pref______100
Cal & Chic Canal & D.100
Ohio Pneumatic T ool. 100
Chicago Telephone__ 100
31 Chicago Title * Trust.100
454 Oommonw’ th-Edlson.lOO
205 Corn Prod Ref Co com 100
Do
do
pref 100
181 Diamond Match____ 100
47 Hart Shair & Marx pf.100
823 Illinois Brick________ 100
100 Riternat Harvester Co 100
Knickerbocker Ice prf 100
National Blsouit_____100
Do pref___________100
150 National Carbon_____100
100 Do pref__________ 100
27 P-.cllio Gas & El C o .. 100
Do
righ ts_____
Do
preferred ..1 00
032 People’s Gus D&Coke. 100
PubScrv of No 111 com 100
"lO
Do preferred___ 100
Rumely Common___ 100
60 Do preferred______100
1,230 Scars-Roebuok c o m .. 1 0 0
Do pref__________ 100
Studebaker Corn com 100
Do preferred____ 100
970 •Swift & Co.............
100
250 The Quaker Oats C o ..100
103 Do pref................... 100
355 Union Carbide Co___ 100
Do
righ ts...............
11 Unit Box Hu & P C o .100
1,550 U. S. Steel oom_____100
Western Stone______100
Wool worth, co m .___ 100
Chicago Bond Record
BONDS
CHICAGO STOCK
EXCHANGE
IFeat ending Feb 7
STOCKS
CHICAGO STOCK
EXCHANGE
30 Jan
90 Jan
88 Jan 14
22
Jan .
6% Jan 6
3*s Jan
8*2
30 Jan
91 Jan
98>4 Jan
20is Jan
8*2 Jan
4>4Jan
Feb 4
20 Jan
113t2 Jan
470 Jan
1331s Jan
50 Jan
102 Jan
13134 Feb
64 Jan
86 Jan
55 Jan
50 Jan
912
Lowest.
3
20
30
13
2
10
Jan 3
14 4612 Jan 31
14 12914 Jan 30
3 490 Feb 4
21 1343g Jan 0
55 Jan 13
2
18 10312 Jan 2
13934 Jan 3
22 71 Jan 3
22 89*s Jan 6
29 55 Jan 29
14 52 Jan 10
20512 Jan 21 212 Jan 7
141 Feb 5 145 Jan 5
1334 Jan 7
10i2 Jail 31
10738 Jan
97 Jan
08 Jan
100*8 Jan
25 HOG Feb 3
28 9812 Jail 14
13 76i2 Jail 31
14 115 Jan 29
II 834 Jan
121 Jan
119 Jan
H 5 I2 Feb
01 Jan
30 12 .8 I2 Jan 3
24 123 Jan 14
0 120 Jan 0
7 118 Jan 25
18 63 Jan 27
113U Jan 21 116 Jan 9
82 Jan 22 8212 Jan 25
99 Jan 3 10138 Jan 13
973s Feb
19918 Jan
123<8 Jan
33>2 Jan
0 973s Feb 6
15 214*4 Jan 2
7 124 Jan 16
7 3312 Jan 7
105is Jan 18 106*4 Jan 3
235 Jan 22 208i2 Feb 7
IOGI2 Jan 7 108 Jau 13
18838 Feb 4 200*2 Jan 10
1 Jan 17
1>4 Jan
Jan 20 68*4 Jan
Jan 14 1412 Jan
Jan 25 112 Jan
6 H2
12
9934
15
2
2
3
Highest.
25 Nov
90 May
83 Dec
1934 Nov
0 J’ne
3 Oct
14U Aug
40 Oct
0 Mch
35 Jau
40 Apr
93*1 Jan
1043s Jan
38 Jan
11 Jan
6?8 Jan
25 Sep
SOI2 Jan
IDs Apr
62 J ’110
llis Jan
91 Feb
325 Feb
131 Jan
45 Aug
100 Feb
138 Dec
39 Mch
77 Mch
49 Feb
44 Mch
137i2 Jail
184 Jan
13514 Jan
10 Feb
87 Oct
103 J’ly
.97 Dec
50 Jan
105i2 Dec
07 Mai
li t Dec
12214 Oct
103 Mch
115 Feb
x 01 J’ly
x .00 May
47 Oct
126 Sep
405 J’ly
135 Apr
61 Oct
100*3 Oct
1937S Mch
70 Deo
95 J’ne
65% May
55i2 Oct
145 Mcll
222
J’ne
150 Mch
2112 Oct
87 Oct
IID 4 Feb
10212 Mch
73>2 Sep
120*8 Sep
70*3 Aug
1 0 H2 Apr
130*4 May
135 Sep
120 Jan
r 07 Apr
x .05 Apr
103% Jan
80 Dec
98 Dec
9 H2 I)cc
x 9912 Apr
140 Jan
1210 Jan
30*8 J’ly
92 Dec
98*4 .) an
215 Jan
IOS'2 Jan
■£135*4 May
3G May
*8 May6338 Feb
9 Sep
122*8 Oct
x 9412 Apr
rl07i2 Apr
98*s NOV
410312 Oct
221D Nov
125*4 J’ne
49 Aug
9712 Aug
10914 Apr
397 Nov
110 Jan
234 Nov
1 0 May
1*8 Jan
80i2 Sop
15 Nov
Chicago Banks and Trust Companies
D ’d s
Sold
Range
for
Year 1913
Low
High
911*2 "91*73
100*3
80
97*2
94
99*3
94*3
101*8
89
98*4
94
100*1
91*4
84*3 86*4
93
93
72*2 75
60
68
101 10134
102% 103%
101*2 102*2
108
108*4
87
8 H2
77*8
100 100
99*8 99*8
9034
90
101*8 102*3
102*a 103
100*4 100*4
97
97*3
92
1(J0
03*4
100*8
d nrlces.
Oulstanding
Stock.{
American State..
Calumet National
Central Mfg District lik.
Continental A Comm Nat
Corn Exchange National.
proxel State_____ ____
Drovers’ Dep National..
Englewood State........... .
First National_________
First Nat Englewood___
Focrman Bros lJank'g Co.
Fort Dearborn National.
Ilalsted St Slate Bank__
Hlbernlau Banking Assn.
Hyde Bark Estate.
Kaspar Stato Bank
Lake View State.............
Lawndale State
Live Stock Exchange Nat
Mech & Traders State..
Nat Bank ot Republic..
National C ity________
National Produco_____
North Avenue State___
North Side Stato Savings
North West Stato
People’s Stk Yards State.
Socond Security ...........
Security................ .......
South Chicago Savings..
South Side State______
Stato Bank of Chicago..
Stato Bank of Italy____
Stock Yards Savings___
Union Bank of Chicago..
Washington I’ark Nat.
Central Tr Co of Illinois.
Chicago City Bk & Tr Co
Chicago Sav Bank & T r..
Chicago Title A Trust__
Colonial Trust A Savings.
Cont A Comm Tr A Sav.
Drovers Trust A Savings.
First Trust A Savings___
Ft Dearborn Tr A Sav Bk
w Franklin Tr A Sav Bk..
Greenebaura Sops BkATr
Guarantee Trust A Sav..
Harris Trust A Savings..
Homo Bank A Trust-----Illinois Trust A Savings..
Kenwood Trust A Savings
Lake View Trust A Sav..
La Salle St Tr A Sav Bk..
Mercantile Trust A Sav..
Merchants’ Loan A Tr Co
Michigan Ave Trust Co..
Mid-City Tr A Sav Bank
Northern Trust Co_____
North-Western Tr A Sav.
Old Colony Tr A Sav Bk.
Fcoplo’a Tr A Sav Bank..
Pullman Trust A Savings.
Sheridan Tr A Sav Bank.
Standard Trust A Savings
Stockmen's Trust A Sav.
Union Trust Co.... ..........
West Side Tr A Sav Bank
Woodlawn Tr A Sav Bank
Surplus
and
Profits.t
In
1911.
Dividend Record.
In
Per
Last Paid
1912. iod.
%
$200,000 $183,960
2 Vi
Jan ’13. 14$
100,000
09,084
0
None An Jan ’13. 0
250,000
14,100 Beg. b us. Oet 7 ’ 12 V. 95, p. 944
21,500,000 9,459,000 10
10 Q-J Jan ’13. 244
3,000,000 6,133,773 10
10 CFJ Jan ’13. 4
200,000
85,085
0
0 Q-J Jan ’13, 14$
t'GOO.OOO 000,000 10
10 Q-J Jun’ 13. 2 4$
200,000
01,431
8 Q-J Jan ’13. 2
CIS
10,000,000 11,815,233 12
17 Q-M J)ec31’ 12. 444
150,000
209,125 12
12)$ Q-M Dec31’12, 5
1,000,000
575,090 Prlv
2,000,000
750.800
8
8 Q-J Jan *13, 2
200,000
22,210 Org. N ov 25 1912
1,500,000 1,513,7(18 Not pti bllshed
200,000
33,091 Beg. b us Aug H2. V. 95. u. 273.
400,000
177,037 10
10
J-J
200,000
4,902 Beg. b us.Apr 8 ’ 11 V. 92. i). 1004
200,000
49,150 Org. D ee. 10 1911
1,250,000
003,477 10 10A2e Q-M Jan ’13. 4
200,000
52,858 Beg. b us. Aug 20’1 2 V 95. D 593
2,000,000 1,433,581
8
8 Q-J Dec31’ 12, 2
2,000,000
002,389
0
0 Q-J Jan ’13, 1 14
250,000
100,457
0
0 CM Dec3112,1
200,000
90,199
7
7 Q-J Jun ’13, 1 41
350,000
50,932
0
30 Q-J Oct ’12, 1
200,000
45,500
5
6
Q-J
500,000
112,877
9 4$ 10 CM Jan ’13. 2
0,024 Beg. b us Nov I ’ ll V. 93, p . 1235
200,001)
100,729
400,000
0
0
Q-J Jan 13. 144
200,000
114,000
8
8
Q-J Jan ’ 13. 4
18,515
200,000
0
0
CM Jan’13. 14$
1,500,000 2,393,101 12
12
CM Jan ’13, 3
200,000
53,003 Beg. b us.Aug 19 ’1 2 V. 95, p.523
250,000
245,422
8
10 Q-M Dce31 12, 3
155,823
530,000
0
0 M-N Nov’ 12. 3
130,000
11,872
0
6)1 Q-J Jan’ 13. 2 4$
4,500,000 1,972,735
8
8 Q-J
500,000
350,907 10
10A2e J-J Jan ’ 13. 7
1,000,000
285,129
0
6 Q-J Jan’13. 14$
5,000,000 <2,203,235
8
8 Q-J Jau 13. 2
600,000
470,309 8A2c 8A2e Q-J Jan ’13, 2)4
3,000,000 1,052,358
F200.000
187,011
8)$ 10 Q-J Jan ’13, 244
5,000,000 2,307,102 16
None Q-M Uec30’ ll, 4
250,000
10,539 Beg. b us. Apr 3 ’ 11 V.92, p. 929
230,000 tc03,G73 Beg. b us.Apr 8 ’ 12 V. 94, i>. 1030
1,530,000
223,431
2X
10 Q-J Jan ’ 13. 24i
200,000
U43,000
0
J-J Jan ’ 13, 3
1,500,000 2,235,512 12
12 Q-J Jan ’ 13. 8
300,000
73,853 Beg. b as. Apr 10’1 1.V.92,n.1004
5,000,000 <10035,103 10A4e 10A4e
Jan ’ 13, 4
200,000
80,520
7&2e Q-J Dec.31’ 12,141
7
200,000
r74,355
6 Q-J Dcc31’ 12, 14$
0
1,000,000
205,511 Beg. b 11s. Ma y ’ 10
250,000
41,522 Beg. b us .J’ly 1’ 12 V. 94, p. 484
3,000,000 6,714,212 15
10 CM Jan ’13. 4
200,000
70,131
Q-J Jan'13, 1*
600,000
91,009
us. Ap 10’ 1 1.V.92,p.1004
1,500,000 2,804,050
8 Q-J DCC31 12, 2
8
250,000
J-J Jan ’ 13, 4
8
129,070
8
200,000
52,020 Beg. b us.J’ne 1 11 V.92, p. 1537
500,000
203,351
8 Q-J Jan ’13, 4
300,000 <200,229
8 Q-J Jan ’13, 2
8
3 Q-J Jan ’ 13, 1U
200,000
<11,782
3S9.813 Comm enccd bus. Sept. 6 1910 ;
1,000,000
J-J Jan '13. 3 ' J
200,000
0
?*50,000
6
8 Q M Jan 10 ‘ 13. 3s
1,200,000 1,501,033 8A2«
400,000
121,120 8A2e 8A2e Q-M Jan ’13. 4
200,000
80,810
9 14 10 Q-J (Jan ’13. 2W
V Capital Ino. to $250,000, a stock dlv. of 25% being declared; V. 90. p. 250.
JFe b . 8 1 9 1 3 .]
T H E
^Volume o f B u sin ess a t S to c k E x ch a n g e s
TRANSACTIONS AT THE NEW YORK STOCK EXCHANGE
DAILY, WEEKLY AND YEARLY
Stocks
Week ending
Fbb. 7 1913.
Shares
Railroad,
&cit
Bonds.
V S.
Bonds
SlatI
Bonds.
81,421,500
2.058.000
2.185.000
2.252.000
2.067.000
2,187,600
876.000
30,500
41.000
31.000
53.000
108.000
82,000
18,000
15.000
27.000
12.000
11,000
1,291,162 8119,779,950 $12,171,000
$310,500'
$85,000
164,055 814,948,000
308,734 27,740,900
255,645 23,805,760
227,029 21,085,400
105,067
15,464,200
175,032 16,735,700
S a tu rd a y . .
M o n d a y ------T u esday —
W od nosday
T h u rsda y . .
F r i d a y ______
T o t a l .............................
Par value.
Sales ai
New Pork Slock
Exchange.
Week ending Feb 7.
1013.
dan. 1 to Feb. 7.
1912.
Stocks—No. shares__
1,294,162
1,859,358
Par value_________ $119,779,950 $100,309,075
Bank shares, par____
$400
$0,700
Bonds.
Government bonds__
$60,000
$85,000
Stato bonds_________
340,500
449,500
RR. and mtsc. bonds..
12,171,000 15,992,500
Total bonds______
1912.
1913
14,212,377
10,043,135
$929,567,800 $1,157,233,750
$45,200
$15,300
$12,590,500 $10,602,000
$206,500
2,690,000
04,697,500
$192,000
3,708,000
132,024,000
$67,500,000
$135,924,000
DAILY TRANSACTIONS AT THE BOSTON AND PHILADELPHIA
EXCHANGES
Boston.
Week ending
Feb. 7 1913.
S a t u r d a y ______________
M o n d a y ______________
T u e s d a y ______________
W e d n e s d a y -----------------T h u r s d a y -------------------F r i d a y ------------------------T ota l
..........................
Unlisted
shares-
LisM
shares
.
Bond
sales.
Philadelphia.
Misled
shares.
bnlisted
shares.
Bond
sales.
3,747
18,029
14,855
11,900
9,278
10,156
5,219
15,422
13,182
12,134
9,173
10,027
$33,000
11,000
10,000
37.000
22,200
07.000
8,404
12,710
7,284
10,830
12,138
12,053
3,543
10,042
4,877
4,547
3,464
3,395
314,800
85,500
33,200
85,600
63,800
64,400
07,971
65,157
$191,200l
63,485
29,868
$357,300
In a c tiv e a n d U n listed S ecu rities
All bond prices are now "and Interest" except where marked "f ",
Street Railways
New York Clly
Blecck St A Ful Fy stk. 100
1st mtge da 1950........ J-)
B’y A 7th Ave stk........ 100
2d mtge os 1014........J&J
Broadway Surface RR—
1st 6 s 1924................J&.;
Cent Crosstown s tock ..lo
1st mtgo Os 1922___ M-.
Cen l’ k N A E Rlv stock.Hi;,
CbrlstopherAlOth St stk 100
Dry Dock E B A U—
1st gold 5s 1932_____ J-D
Scrip 6 s 1914............ F-A
Eighth Avenue stock__ 100
Scrip lis 1914..............F-A
*2d A Gr St Fy stock__ 100
42d St M A St N A ve.. 100
1st Os 1910................M-S
Ninth Avotluo stock___ 100
Second Avenue s to c k ... 100
Consol os 1948 ctfs..F-A
e Sixth Avenue stock ..100
Sou Boulev 6 s 1946........ J-J
80 Fer 1st 53 1919........ A-O
Tarry WP & M 5s '2 3 ..MAS
28 A 29th Sts 5s '90 Ctfs A-0
Twenty-third St stock..100
Union lty 1st 6 s 1942..F-A
Westchester 1st os '43.J-J
Youkers St RR 5s 1940.A-O
Street Rail way*—(Uon.l
Ask United Lt & Rys com ..100
First preferred_______100
Second preferred........ 100
20
United llys of St L—
20
70
70
Com vot tr ctfs_____ 100
170 1,32
e Preferred..................100
99 100 Wash Ry & El Co.......... 100
Preferred....................100
101
4s 1951......................J-D
103
__ 10 West PennTrAWat Pow 109
101
Preferred __________100
2
4
125 135 Electric, (las & Power Cos
New York ally
100 103
Cent Un Gas 5s 1927___ J-J
40 e Kings Co El L & P C o.. 109
/ 30
300 325 New Amsterdam Gas—
/ 99 101
1st consol 5s 1948.. J-J
200 283
N Y A E tt Gas 1st 5s'14 J-J
Bid
/ 99
160
1
/ 30
115
88
101
90
88
Brooklyn
Atlan Avo RR con 5s ’31A-G 102
B B A W E 6 s 1933___ A-0
97
BrooklynCIty R R ........... 10 160
Bklyn Ugt-s 1st 6 s 1941. A-0 101
93
Coney Isi & Bklyn........ 100
80
1st cons g 4s 1948___ J-.l
73
Con g 4s 1965..............J-J
09
Brk 0 A N 5s 1Q39...J-J
Nassau Elec 1st5s 1944.A-0 102%
N W malnirg A 1 latbush—
92
1st 4 443 July 1041..FAA
Btcluwuy 1st Os 1922__ J-J 101
Bid
83
79
74
100
95
101
101
103
103
101
85
S3
101
10312
95
102l2
Ollier Cities
Buff St lty 1st con 6s '31 F-A 103 101
_
Deb Os 1917..............A-O 103%
Com'w'Uh Pow lty A L.1U0 C012 70
Preferred.......... ....... 100
90
0012
< Conn lty A Ltg com .. 100 73
75
e Preferred_____ . lou
70
80
e Detroit United l t y __ 100
82
Federal Light A Trao.. .100 30
32l2
Preferred.................... 100
80
82
s Havana Elec Ry L A P 100 80
90
c Preferred..................loo
91
99
ft Louisv St 6s 1930........ J-J 105 I4 10512
« Now Oil ltys A Lt dom ltlo z 35 ____
e Preferred..................100 c 74I2 ____
Pub Scrv Corp 01 N .1 — Sct stk E x list
Tr ctfs 2% to 6% perpet 1()8% 109
7912 SOL
No Jcr St 1st Is 1913 Al-N
73
75
Cons Tract of N J ___ 100
1st 6s 1933............J-D 10314 104
Ncw'k Pass Ry 5s ’30.J-J 10612 ____
Rapid Tran St Uy___ 100 235 ____
1st 5s 1921............A.O 102 - - - J C Hob A Pal 4s 1940-M-N 79 ____
So J Gas El A Trac...lO o 123 132
09l2 100
Gu g 5s 1953........ Al-SNo Hud Co lty 6S 1914 J-J 101 102
Con M 6s 1928........J-J 1031.1
Ext 53 1921..........Al-N
93
Pat Ry con Os 1931..J-D 112
2d 6S 1911 opt . A-0 100 103
Ropubllo Ry A Light.. 10,,
20l2 23
Preferred . .
in
76
79
Tennessee Ry L&P com .100 20
22
Preferred............
11m
703i 7734
Trent P & H 53 1943
j-i>
00
Union Ry Gas & El com ioo
02
02%
Preferred.................... rju
83
89
/1 .1ft
37
81
77
12
12 l2
39l2 40
86
87
90
90U
86
E,
30l2 3611
80
79
102 U
122
10012
103*4
124
10134
104
100
101
103
s N Y Mutual Gas L ___ 100 168
52
180
78
3
Preferred....................100
381? N Y & Richmond G a s... 100 57
121
North'n Un 1st 5s 1927 M-N 100
93 Standard G 1.1st oslOOO Al-N 100
07l2
/ 75
80
r i6
35
240 265
4 1 1
C H R O N IC L E
68
85
65
102
106
*83
84
*45
47
400 110
Preferred........
100 108 110
70
Amer Power A Lt com_.10U
7634
83l2 85
Preferred....................100
*%
Bay State Gtu................50
53
4
GI2
Bulfaio City Gas stock.. 100
CltlC3 Service Co com__ lOu 122 129
87
8 $ !2
Preferred.................... 100
14
1412
Columbia Gas A Elec__ 109
72
/4
1st 5s 1 9 2 /................... 1-J
90 100
Con Gas of N J 5s 1936..J-J
Consumers' L 11 A Pow—
—
6s 1938......................J-D 100
Consumers Power (Minn.)—
88l2 88
IstArefos 1929op’ 14.M-N
90
Denver G A El 5s 1949.Al-N 93
Elizabeth Gas Lt Co___ 100 325 —
Essex A Hudson Gas__ lot; 130 135
90
83
Gas A El Bergen Co___ 10c
88^4
Gr't West Pow 5s 1948..J-J 87
Hudson County Gas___ 10b 130 133
48
£3
08!2 7()i2
45
38
90
87
1st g 5s 1952..
.A-O
97 100
«Laclcde Gas preferred.. 109 ____ 99l2
103 109
9212
* 90
125 127
97i2 9812
No lliul L II A P5s 1933 A-0 100 ____
01%
Pacino Gas A E com
109 01
U0l2 9114
Preferred . . .
109
Pat A Pas Gas A Elec
100 021* 95
94
St Joseph Gas 5s 1937
J-J 89
Standard Gas A Elec(De'l) .50 *2U4 22
Preferred........ .
r,, 4912 501*
93
United Electric of N J 100 83
82i2 83
1st g 4s 1949.......... J-D
20
Western Power com .. 10 .) 19
60
45
Preferred........ .
iou
Western States Gas A Elec—
0212 95
1st A ref g 5s 1941 op.J-I)
Per; y Companies
88
a A N Y 1st 63 1911.. J-.l
8
N Y A E It Ferry stock. 10;
60
1st os 1922................M-N
N Y A Hob 5s May '4 0 ..J-D 0914
Hob Fy 1st 5s 1910..Al-N 101
99
N Y A N J 5s 1940___ J-J
10th A 23d Sts F erry... 10U 25
55
1st mtge 6s 1919........ J-i)
12
Union Ferry stock........ 10!)
83
92
15
60
9934
35
65
18
92
Bid
05
110
100
62
40
118
81
00
115
68
96
85
Telegraph and telephone
e Amer Teles & Cable. . . 100
e Central & South Aincr.lOC
Comra’l Un Tel(N Y )__ 25
Empire A Bay State Tel. 100
Franklin ........................10u
e Gold A Stock Teleg__ 10.)
e Maokay Cos c o m ____ 10!)
e Preferred................. 100
e Northwestern Teleg___ 50
Pacific A Atlantic___ ...2 5
e Pac Telep A Teleg pref. 100
Southern A Atlantic........ 25
Ask
68
114
110
72
£0
125
80
68
120
75
101%
95
Short-Term Notes
Amal Copper 5s 1013..A-O 100 100%
Balt A Ohio 4 Ms 1013.J-D 100 100%
9634 97
Bklyn Rap Tr 5s 1918__ J-J
Cites A Ohio 4Ms 1914..J-D
99 h 99%
ClliO A Alton 5s 1913...Al-S 9934 100%
9S34
Chlo Elev ltys 5s 1914..J-J 98
995S 9978
CI11 Ham A 1) 4s 1913...J-J
Erlo 63 April 8 1014..A-O3 1005S 100?8
991* 100
Coll 53 Oct 1 1914... A-0
99
Coll 5s April 1 191 5 ..A-O
99%
Gen’l Motors Os’ 15—See N Y StkEx list.
Hudson Companies—
98K ____
6S Oct 15 1913__ AA015
993., 100
111 Cent 4Ms 1914...J&.I
Int & Gt Nor 5s 1914..F-A 987S 99%
Inter Harvester 5s '15.FAA 1003g 10034
90
EC0 Ry A Lt Os 1912.. Al-S / 8S
9$%
98
Minn & St L g 58 1914..F-A
Mo Kan A Tex 5s 1913.Al-N 097S 100%
Missouri Pacific 6s 1914.J-D 97% 98
99
Nat Rys of Mex 4 Ms '13.J-D 98
« N Y 0 Lines Eq 5s 1913-22 ft 4.80 4.65
4 Ms Jan 1914-1925...J-J 6434% 4.05
4Ms Jan 1914-1927. .J-J 6434% 4.65
9034 100%
N Y Cent 4 Ms 1914___ Al-S
N Y N HAHartford5s'13J-I) 100 100%
9978 100%
St L A S F 6s 1913 opt J-D
99l2 100
69 Sept 1 1914 opt...M -S
99% 9978
Southern 6s 1910____ FAA
Wabash 4 Ms 1913___ Al-N
West Maryland 6s 1916. J-J 97% 98%
Westlngh’sc El A M Os 1913 100 100%
6% notcsOct'17—See NY Stk E x list
Railroad
s Ohio $ Alton com ___ 100
e Preferred.................. lot.
4 Chlo St P M A Onl___ 100
« Preferred.................. 100
s Colo A South com ___ 100
« 1st preferred........... 100
e 2d preferred............ 100
s N Y Ohio A St L com - .100
e 1st preferred............ 100
e 2d preferred___
100
Northern Securities Stub3_.
Pitts Bess A Lake Erie..50
Preferred........ .......
51•
3 Railroad Securities Co—
Hi C stk tr ctfs Ser A . .
West Pac 1st 5s 1933..M-S
Standard Oil Stocks
Anglo-American Oil........ £1
Atlantic Reilnlng.......... 100
Uorne-Scrymser Co........ ioo
Buckeye Pipe Line C o ...50
Citesebrough Mfg Cons..200
Colonial Oil....................100
Continental 0 ,1 ..............100
Crescent Pipe Lino C o ...50
Cumberland Pipe Lino..100
Eureka Pipe Lino C o ...100
Galena-Signal Oil coin .. 100
Preferred....................100
Indiana Pipe Line Co___ 50
National Transit Co........ 25
New York Transit Co__ 100
Northern Pipe Line C o .. 100
Ohio Oil Co____________25
Prairie Oil A Gas............100
Solar Reilnlng................100
Southern Pipe Lino C o .. 100
South Pcun Oil..............100
Sou West Pa Pipe Lines. 100
Standard OH of Calif__ 100
Stand Oil of Indiana___ 100
Standard Oil of Kansas. 100
Stand OH of Kentucky..100
Stand Oil of Nebraska.. 100
Stand Oil of N J ( o ld )... 100
Stand Oil of N J......... 1O0
Standard Oh subsidiaries...
Standard Oil oi N V ___ 10 ,
Standard Oil of Ohio . 101.
swan A Finch................ too
Union Tank LlneUo__ 10G
Vacuum o il.................... 100
Washington Oil................ 10
Waters-Pierce Oil.......... lou
Tobacco Stocks
(See also Stock FxchangeLlsl)
Amer Cigar c o m .......... 100
Preferred.............. ..... 100
Amer Machine A F d y ..100
Urltlsh-AmeiTcan Tobac.Tl
Cooley Foil......................100
e Holme (Geo W) co m ..100
e Preferred........
100
Johnson Tin Foil A.Metal lot)
MacAndrows A Forbes.. 100
Porto-Rlcan-Amcr Tob.10
Reynolds (R J) Tobacco.lo,,
Tobacco Products com_100
Preferred................... 100
e United Cigar Mfrs com ioo
c Preferred.................. 10!
UnltedClgarStoresof Am com
Preferred........ ............. .
e Wcyman Bruton Co _.10G
e Preferred..................10U
Young (J S) Co.............. 100
15
28
125
150
29%
65
03
65
07
80%
105
*30
*02
18
40
135
160
30
70
70
6034
__ _
90
110
34
68
84
79
80% 87
*18% 19%
710 720
310 330
*171 175
650 660
130 140
1900 1950
* 66
63
83
§1
3,80 382
296 300
136 138
♦140 143
52
* 61
310 345
119 122
♦131 133
331 331
700 710
275 278
985 1000
109 172
189 191
*310 345
480 500
460 480
305 320
1150 1170
*396 398
750 700
063 667
285 205
250 200
78
80
175 177
*34
36
1475 1500
146
88
55
*24%
200
100
106
180
100
255
260
120
05
40
102
107
117
290
115
176
152
05
GO
24%
300
183
120
100
200
265
270
140
96
51
105
10734
lt9
305
125
182
Industrial and Miscellaneous
e Adams Express.......... 100 145 155
81
Col tr g 4s 1917........ J-D f 80
Alllanco Realty..............101 115 117
52
Amer Bank Noto com __ 51 *50
Preferred......................61 *5312 51
American Book_______ 10, 170 175
140 115
American i3rass..............10,
195 205
American Chicle com__ 10,
99 101
Preferred.................... 10!
eAmerican Express___ 109 102 168
43 —
Am Clraphophono co m ..10!
73 ____
Preferred....................101
American llardwaro___ 10< 133 137
Amer Malting Os 1914..J-L 101 102
43 *52
Amer Press Assoo’n ___ 10!
Indust and Misce'l — (Con.)
Am Steel Fdy Os 1935..A-0
Deb Is 1923.............. F-A
American Surety.............. 50
American Thread preJ___ 6
Amer Typefounders com. 100
Preferred_______
100
Deb g Os 1939.............M-N
Amer Writing Paper___ 100
Barney A Smith Car comlOu
Preferred.....................100
Bliss (E W) Co com ........ 50
Preferred...............
50
Bond & Mtge Guar____ 100
Borden’s Cond Mlli com .100
Preferred.....................100
British Col Copper Co__
Brown Shoe com_______ 100
Preferred.....................100
Casein Co of Amer co m ..100
Preferred.....................100
Casualty Co of America. 100
Celluloid Co.....................100
City Investing Co.......... 100
Preferred..................... 100
Clatlln (II B) Co com .
e 1st preferred............ 100
e 2d preferred... .
100
foett Peabody & Co com 100
Preferred____ ______ 100
Preferred................ ioo
Debenture 4s 1951
A-0
lontlnental Can com ' 100
Preferred___________ ioo
Crucible Steel co m .__Il 0 U
e Preferred______
100
Davls-Daiy Copper C o l'. 10
* iPont (1) de Nem Pow
e Preferred...................100
Emerson-Urantingham .1 0 0
Preferred .............. .. ioo
Empire Steel & Iron com' 100
Preferred ................ ioo
General Chemical comllOl
c Preferred...................101
Ref g 4s '52 op 1912. ..J-J
Havana Tobacco Co___ 100
Preferred.....................100
1st g 5s Juno 1 1922..J-D
Hecker-Jones-Jewell Aililln
1st 6s 1922................ M-i
Herring-ilall-Jdarvln ..100
Hoboken Land A Improve't
1st 5s Nov 1930____ M-N
Hocking Val Products..100
1st g 5s 1961...............J-J
s Ingersoll-Rand com . ..1 0 0
e Preferred.................. 100
Intercontln Rub c o m ...100
Internat Banking C o ...100
International Nickel___ 100
Preferred.....................100
Bid
99
7U?
200
*4
49
100
09%
2
80
80
122
298
rll5
100
*4
53
tf7
in i
130
43
100
80
85
88
63
101%
70
23
70
62%
60%
00
10%
03
*1%
186
____
65
07%
10
40
178
107%
8 5%
4
/of
Ask
101
.73%
’205
6’
61
/03
101
2%
12
86
90
130
303 !
116
107%
4%
56
98
2
40
120
139
101
85
88
01
70%
102%
SO
25
80
68
61 ^
100
17
0334
17*
190
06%
07
98f|
13
46 '
205
no
86
7
15
oo%
101l4 1021*
20
10
104
5
8 1
49
51 1
105
92
10 ;
8
100 115 '
144l2 1451*
106 1061*
2
5
1st s 5s 1951.............. A-0 / 5D2 531*
International Silver pref 100 130 136
1st os 1948............... .J-D 110
Internat Smelt A ltefg. .’.00 122 120 "
87
871*
Lanston Monotype____ 100
Lawyers’ Mtge C o ..
100 214 218 /
210 225 /
55
70
Preferred.................. Jioo 101 103
*1 % 1*S
103 106
200 205
15
20
42
32
t Preferred..................100
N Y Mtge A Security...ioo 198 205
itie Ins C o .......... 100 115 il9 .
>5
6
84
88
7*
**4
2*2 3
82
80
98*2 100
Preferred....................
27l2 28f2
PettlbQne -MuUlken C o ...
9 7 % 981*
e 1st preferred .......... lull
*77g 8 I4
Pittsburgh Brewing........ 5o
Preferred.................. so »35l4 351*
Pittsburgh Steel pref..100 99 100
30
32
Pope Mtg Co com ..........ioo
Preferred.....................100 77i2 79
Pratt & Whitney pref__ ioo 101 103
Producers Oil...................ioo 130
tlealty Assoc (Uklyn)..100 110 l i e '
ftoyai Bak Powd com__ 100 200 210
105 108
Preferred....................lOi
list
: R’.iiueiy (M) Co com—See it:;
Safety Car Heat A Lt__ lot 117 118
list
dears, Roebuck it Co—SeeB \ JUt 1
« Preferred—See Chic Stk Ex II.-. t.
Singer Mfg Co.................100 300 308
40
tandard Coupler com .. 100 30
Preferred.....................100 105 111
77
79
97i2 99
Tejcas A Pacific C o a l...100 95 100
93 1051*
3 Texas Pacific Land Tr.lOo
Tonopah Jf ln(Ncv)-i’eePhil a itk E x list
4
7
enton Potteries co m ..100
55
Preferred rtew............. 100 60
Prow Directory...............100 20
331*
Union Typewriter com ..l0 0
1st preferred...............100 103* 105
2d preferred.................100 100 102
2
1
United Copper.................100
12
6
Preferred.....................100
9812 99
United Dry Goods___ 100
e Preferred.............
100 10514 1051*
U S Casualty.............
100 190 200
U S Envelopo com____ 100 105 111
Preferred.....................100 n o 1111*
60
U S Express_________ 100 60
75 <
U S Finishing...................100
92
Preferred.....................100 ~88
99
1st g 5s 1919.............. J-J
97
Con g 5s 1929..............JU S Indus Alcoh—See N Y I tk Ex .1st
e Preferred__________ 100 95 104
U S Steel Corporation—
Col s f Apr 5s 1951 op 1911 114
Col s f Apr 5s 1951 not opt 114
U S Tit Gu A Indem___ 100
871*
65
e Virginia Iron C & C ...10 0 '52
■; Wells Fargo * Co___ 100
110 116
Westchester A Bronx Title
& Mtge Quqr...............100 162 ?166
eWestingh’se Air Brake ..50 *142 144
Wlllys-Overland com . . 100 69 J4 70%
98i2 99
Preferred___________100
cWoolworth (F W) —See NY StK h x list
Worthlngton(HR)Co p f .101 104 107
» l>er share a And accrued dividend, ft Basis, k Listed on Stock Exchange but usually inactive. / Flat price, n Nominal, s Salo price, f New stock, x Ex-dlv,
V Ex-rlghts 2 Includes all now stock dividends and subscriptions e Listed on Stock Exchaugo but Infrequently dealt In; record of sales, U any, will be found on a
prcec.llng page.
413
B O S T O N S T O C K E X C H A N G E — S to c k R e c o r d
SHARE PRICES—NOT PER CENTUM PRICES
Saturday 1 Monday
Feb. 1 | Feb. 3
•10373 104
•101*4 102
213 213
111*8 111*4
•202*2 206
95
95
*10378 104
*10134 102
212
212
111»8 11178
*203
95
200
*7*2 ___
*65
70
7
*40
45
*7*2
*05
70
7
*40
45
105
105
260
*105
+
121
121
*121
♦125 1263.,
83
*103l2
*18
19
*77
78
•129 129*2
*175
*161*8
*90*4
*150
*80
*97
*52
98
*4
*21*2
117*2
117
131*2
*17*2
80
9!)34
*5
•12*2
♦11*2
280
14238
OH,
91*2
*217
*3*2
100
6
12*2
281
14234
9D|
913,
218*4
4
75
*87*2 88*8
•157 159
162
•15
103
2734
•27
*134
177
40*2
27
65
•108*2
125*2
83
*103*2
*___
77*2
129*4
*175
49" *
1613s *160 8
90*2 *90
*150
81
80*2
♦963.,
93
98*4
43«
23
113
117*4
132
IS
80*.,
74
206
96
290
260
Tuesday
Feb. 4
21*2
*99
*5
* 12*2
13*2
281
142*8
92
91*2
217
*3*2
*___
*87*2
157
*104
*
162
162
15*2 15
106
10534
27-«4 2734
28
28
*13,
2
177*2 170-8
49*2 50
27*2 27/8
65*8 6378
109
109
105
260
*121
*104
*
121
125*2 *125 12634 *
827S 827S *82*2
83
*105
*103*2
18*2 18*2 193« 18*2
773., 77*2 7834 783.,
12034 129 129*4 129U
*175
49 *
161*8 ♦160*2
903s *90
♦150
80*2 80*2
98
*96*2
53
93
4*4
21 *;> 2153
11734 118
117
116*2
132*4 13178
18
*15*2
7934 78
71 ♦
100
6
162
16
100
2734
28
2
177*4
55*4
28*2
65
109
Friday
Feb. 7.
100
*
175 175
175
4!)
Last Sale
160 *16038 160*8
90*8 *89*2 893,
L ist Sale
81
*81
82
97
97*2 97*2
63*4
973,
4
*213.,
11734
116*2
131*3
*17
78*3
5312 *5234 54
9734 OS
98
4
■IW. 4K.
64
98
4*4
22
118
117
132
18
79
74
100
5*2
162
*15
10573
2734
28
*13,
177
54*2
277.8
64*,
109
104*2 104*2 105 *105 ___
Last Sale 260 Jan* 12
255
___
121*2 121*2 121*2 *121
12634 *125*4 1263., *125*4 1203.,
*82
83
83
*82*2 83
Last Sale 1j 3*2 Jan’ 13
131
19
19
19
18*2 *18
79
78*2 78*4 78*, 783,
129*4 129 129*8 1291, 129*.,
175
49
*43
160*4 160
90*4 90*3
*150
80*4 8034
97
98
5*2
10 *.,
1334
13
231 281
14212 143
9134 92*4
92*2 93
218 213
*3*2 4
75
75
88*3
88*3 83*8
157 *157 158*2
___
13*2
281
14234
92
92
217
Thursday
Feb. 0.
*10334 104 *10333 10334 *103*8 1037s 10378 1037«
i o i 38 101*3 * 101*2 10173*101 101*2 *101 101*2
212*2 212*2 212
212*2 212*2 213
2121s 212
111 *, I l l's m i . 1113, l l l l j 11134 111*2 11 134
203 203
*202*2 200 *202*2 206
203 203
*95
96
95
*95
96
*95
95*2 95
*
Last Sale 290 Jnn’ U
285 *
290
Last Sale 10 D ec’ 12
*7*2
*7*2
Last Sale 70 Dee’ 12
*65
70
*05
70
*
Last Sale 7
Dec’ 12
7 *
7
45
Last Sale 45
Jan’ i:
*40
*40
45
54
64
973, 98
4
4
117*2
117
13178
*16*2
78
Wednesday
[ Feb. 6
1
162
18*2
79
73
09*2 99*2
63, 534
10*3
10*8
881,
157
158*2 158*2
16H4 1613, 101 161*3
15*2 *15 ___
15*4 *15
106*4 100 100*4 106 100
273., 28
28
2734 273,
28 *___
23
*27
28
2
Last Sale 28
Jan’ 13
177
175 176*2 175 175*2
53*4 52*8 523.,
64*2 52
28
2773 28
273, 28
63
04l4 643., 65
6 H4
109
108*2 108*3 108*4' 1083,
101*4 101*2
■ii, *4
414
4*a 41,
*134 2
*17a 2*.,
134
13.,
39
39
38
38
38
38
72*8 71*., 71*8 717S 72*2
31*8 3H4 30-Y, 313s 303, 31 ?8
3-*8 312
*3% 31o
•.31
.35 *.31
.35 *.31
.36 *.3l
.35
Last Sale .33 Jan’ 13
Ci2 6i2
7
7
6*4 634
6
0*2 7
63.,
6 I3
6 '.,
*3
3 !2
3
*3
3*8 *3
31.
3
3
3*4
3*3 3*8
35
35
35
361., 35*2 37*4 35*., 86*2 34*2 353„ 35
35
66
66U 6534 60*2 653, 66
65
11511
65*3 66
65*4 05
495 500
•405 500
495 495
490 495
490 490
489 490
17
•16*2 17
16*2 16*2 16*2 10*2 *16
10*2 *16
16*4
42
42’ . 42!, 42*2 41
42l4 40*2 41
41>2 4l5g
•.02 .0
♦.02 .01 *.02
Last Sale .01 Nov* 12
.04 *.02 .01
47*i 48
48
48
413,
47
47
47*2 47
46*2 40
40
•3t2 4
*312 4
*3*2 4
*3*2 4
4
4
*3*2 4
14>4 14!,
1334 IB.,
1334 13*s 13*2 131, 1333
♦14*4 14
13
712 71
*7*2 8
7
7
71, ■/'«
7
7
V'2 7*?
3
3
3*
3
3's
3's
3U 3.4
3'S ■w.
68*2 69
69
69
♦683, 69
673., 09*4 60
67*2 C634 68
Sh
8 7a
8*3 834 8*a 8*8 8»8
8*2 838
Sis 83«
•___
22
21
21
21
21
♦20
20*2 20
20
19*2 20
•IIII
3
3.1
3., *
3,
Last Sale 34
Jan’ 13
" is " 15
15
15
14*2 14*2 •14
141? 14*2 14*2 14i2 14*2
•I6 I4 17
17
*16*2 171- *10*4 17
Last Sale 10 Jan’ 13
•55
66
65*2 *55*2 57
55*2 65*i 56
56
*55*2 67
•84
86
85
♦85
86
80
86
♦85
80
29
28*4 29
28*2 283, 26*4 28
20
28*2 "263.1 2V 12
0*4
3»4 3U
3*3
3*1 31.1
3*4 3*4
3^4 33s
3*4 3*4
254 23.,
3
3
3
2«4 3
3
234 3
3
20
20
20*2
20
20
18
19i2 18*4 18*2 10 l2 20
434 43,
•434 5
*434
*433 5
5*4
5
4*4 « ,
•8
9
83., *8*4 9
8*4
8 'j
*8 !,
SU 8*2 *8
*434
434
5
*434 5
5
*4la 4j4 *163
«i
12
l
2
•12
12 i2
12
12*4
11
11
l i >4 11*2
1 Us li's
2378 *23*2 24
•231a 24
*23
23*s *2234 23*2 *2212 23
•H2 2
134
1*4
134
I*? *1*4 U2
1»4 1»4 * 1*2
l'a
54
54
54
55
533., 5412 53
5234 53
64
62«i 62i2
181s 18«s 18*4 18*., *18*4 18*2 18
18
18
18*4 17-*, 173.,
•21, 2*2 *2*4 2*2 •214 2 *? •2'4 21,
2*4 2*4
2*4
*878 0
87a 9
9
87S 9
878 878
878 8 V«
8's
31
31
29
30*8 3034 30*4 30*2 2933 30
29*2 29i2 29B8
238 2*2
2
2
23.1 *21 ,
2*2
2*2
2*3 23«
2*8 2»s
253 25S
25s 2*8
2*2
25« ♦2*2 234
212
•a-’ s 3
2 *J
612 6*2 •6*4 6*2
0
0
6*2
6*2
6
«
6*4
61.,
49i2 49i2
49*2 49*2 49*2 49
40*2 48*2 4«34 48t2 4.812
96
96
96
91
94
05
97
97
94
*95 97
2534 26
27
26
27
2534 26
25*4 25b8 2512 25*8
74
74
74
73
73
71*? 71
71l2
71
73
70
19*3 193fl
193a 19
10*8 *19
19*4 1834 18*4 ♦1834 19
•214 2*2
2'g
*2*4 23«
2*8
2*4 •2i.i 2i2
2*4 21.1
2'4
12*4 12*4
1212
12
1134 ID*
12
11*2 1134
11*3 11»8
•25*2 26
2 u/8
2573 25's 2573 26
25*s 263., 2512 253,
•.25 .35
.37 *.25 .35 *.25 .35 *.25
.36
.30 .32
3178 321.,
313, ♦30*4 31*2 30*a 30*2 30*4 30*2 30i2 3034
333 35*
3*8 4*3
4
334
4
41,
333
3*3 4
368
3314 331., ♦32
33*4 *32
33
32
32
♦31
*30*a 32»2 32
*4t2 5
•4l2 6
41, 4*2
4*2 4*2
4-3., 43.,
*4*2 5
•3
3*s
3-ls 33*
3I8
314
*3
3*4k 3!i,
3*4
4134
•41
41
40
41
40
40
40
40
40
40
49*4 49
49U 49i2
49*4 41)
49
48i2 48^8
48*2 49
*2
*2
2 i8
2*8 *2
2*8 *178 2*8 •2
2*.i
2
2
10*2 10*2 lO-’a 1()3« 10*4 1038 10*4 10!,
•IOI4 11
10 t, 10 U
•54i2 5134 *54
64*4 *54*4 54*2 *53
Last Sale 55t, Jan’ 13
63*2
♦Ha 2
Vt
1*8
15» ♦h i
♦Ha
17»
173 •H2 13.,
•3
•3
3
3
3*2
3
3
3
3
3
3
*67
•67i2 G9
69
*6712 69
66
♦66
68
67
67*2 ♦65
*li 4
Ha
*1*4
H2
*1*4
1*2 •1!,
Us
1*4 ♦Hi
1'!
1*2
2 Bid and asked priced a New stock. * A sst’ t paid. 0 E x-stook
STOCKS
BOSTON STOCK
EXCHANGE
Railroads
15 Ateh T op & Santa Fe_100
Do
prof..................100
4
33G Heston & A lbany____ 100
817 Boston Elevated_____ 100
40 Boston & Lowell.......... 100
30 Boston <5s Maine_____ 100
Boston & P rovidence. 100
boston Suburban El Cos
Do pref____________
Boston & Wore Eleo Cos
Do pref_____________
Chic June R y & U SY „I6o
Do pref________ ____
70
Connecticut River___ 100
73 Fitchburg, pref............ 100
30 Ga Ry & Elec stinpd-100
Do pref__________ 100
48
Maine Central________100
825 Mass Electrio Cos____ 100
Do pref Stam ped.100
842
5C3 N Y N II A H artford. 100
Northern N H ________100
Norwich & W or pref.100
55 Old Colony__________ 100
Rutland pref_________ 100
10 Union Pacific_______ 100
Do prei__________ 100
10
Vermont & Mass____ 100
240 West i:u d S t . . ______ 5U
Do p r e f............... 50
15
Ilanqe Since Jan. 1.
On basis of 100-share lots
H tqhest
10378 Feb
10138 Feb
212 Jan
.rill Jan
203 Jan
95 Jan
290 Jan
45
29
31
3
29
3
Jan 24
104 Jan
200 Jan
119*2 Jan
123 Jail
8278 Feb
102 Jan
16!, Jan
75i2Jan
127i2Jan
128 Jan
174U Jan
13
13
7
14
4
25,
2
4
2
30
27
3
3
45 Jan 24
Jan
260 Jan
121 *2 Feb
125*2 Fob
84 Jan
103i2 Jan
19*8 Feb
79 Feb
is
2 130 Jail
22 128i2 Jan
Jan 22
6
9
80 Jan 30 81 Jan 18
96 Jan 30 100 Jan 3
Miscellaneous
4714 Jan 17
Amer Agrlcul Chem._100
D
pref.................100 96 Jan 17
4 Jan 21
Yiner Pncu Service, _ 50
Do
pref.....................50 21*2 Feb 3
Amer Sugar RcQr.___100 11414 Jan 15
Do
pref__________ 100 115 Jan 20
Amer TeJ-p & Teleg.lOO 13U2 Feb
Amer-oan W oolen____ 100
18 Jan
Do
pref_________ 100
78 Feb _
72 Jail 27
Amoskcag Manufacturing
Do
pref_____________ 08 Jan 10
Atl Gulf & W I SS L.100
5 Jan 10
Do
pref.................. 100
10 Jan
East Boston Land___10
11 Jan 1Edison Eleo Ilium ___100 280
__ Jan 29
General Electrio......... 100 al40'2 Jan 20
Massachusetts Gas Cos 100 90*4 Jail 17
Do
p .c f.............. .1 0 0
01i2 Jail 31
Mergenthaier Lino___ 100 210 Jan 3
Mexican T elephone._ 10
3 Jan 10
N E Cotton Yarn____100
Do
pref_________100 87i2Jan 28
26
12 D N E Telephone_______100 155 Jail 6
'ortland (Me) Elec__iuu
118 Pullman Co__________ 100 161 Jan 31
15 Jail 20
110 Reece Button-H ole_lo
256 Swift & Co___________ 100 105 Jan 18
271.1 Jan 28
233 L’orrlngton____________ 2
Do
p r e f.............. 25 2734 Jan _
29
i-nlon Copper L & M 25
l 34Jan 15
434 United Fruit_________100 175 Feb 6
17,547 Uu Shoe Mach C o r p .. 25 4S*s Jail 14
Do
pref__________25 27 Jan 20
1,217
5,483 U S Steel Corp______ 100
6D2 Jan 17
Do
pref............... 100 108*4 Feb 5
106
Mining
4i8 Feb
270 Ydventure Con______ 25
li 2 Jan
180 Ylgoinah Mining_____ 25
160 A110UC2............................ 25 36 Jan
70*8 Jan
4,585 Amalgamated Copper 100
11,276 .111 Zinc Lead & S 111. 25 2634 Jan
3 Jan
830 Arizona Com'l etts dep_
.31 Jan
Bonanza Dev C o____10
5
5 Jan
V.088 Bos&CorbCopi'iSlIMg
3 Jan
300 Butte-Balalclava C op . 10
8,270 Butte& SupC op (Ltd) 10 32i2 Jan
957 Calumet & A rlco n a .. 10 0 H,, Jail
65 Calumet & H co la ..* .. 25 489 Feb
10 Jan
30 Centennial____________ 25
910 ^ulno Copper________ 5 40*2 Feb
Cons Mercur Gold____
1
4434 Feb
’ 1,476 Cooper Range Con Co 100
20
3i2 Jan
10 □ aly-W csi................
1234 Jan
3,390 East Butte Cop M in .. 10
7 Feb
980 F ra n k lin _____ ______ 25
3 Feb
5,340 Giroux Consolidated. 5
63 Jail
1,118 Granby Consolldated.lOU
8 *%Jan
654 Greene Cananea_____ 20
18i2 Jan
95 Hancock Consolidated 25
Helvetia Copper_____ 25
34 Jan
13i2 Jan
295 Indiana Mining________25
16 Jan
inspiration Consol C . 20
1 64 Jan
60 Island Creek Coal____
84 Jan
Do pref__________ l
31
1,252 Isle Itoyalc C o p p e r.. 25 26 Feb
2>8 Jan
G
740 Kerr Lake..............
1*2 Jan
1,615 Keweenaw Copper___25
18 Feb
1,630 Lake Copper C o .____ 25
4'’8 Jan
60 La Salle Copper_____ 25
734 Jan
505 \Xa;.on Valley Mines___5
25
4i2 Jan
125 .kiss Consol______
11 Jan
760 Mayflower____________ 25
75 Miami C o p p e r ...____ G 23i2 Jan
1*2 Feb
120 Michigan______________25
52i, Feb
341 Mohawk_______________25
190 Nevada Consolidated. 5 1734 Feb
2 Jan
25 New Arcadian Copper 25
S34 Jan
5
975 Nlpisslng Mines______
3,008 North B utte__________ 15 29 Feb
1*2 Jan
915 North Lake___________ 25
2 >2 Jan
115 Olibway Alining------ - 25
675 Old Colony___________ 25
5*4 Jan
47*2 Jan
610 Old Dominion Co____ 25
25 94 Jail
215 O sce o la ..............
4,077 Pond Creek C o a l ____ 10
24i2 Jan
123 Qum oy________________ 25
70 Feb
320 Ray Consol C o p p e r.. 10
1834 Feb
250 Santa Fe Gold & C op . 10
2 Jan
850 S h a n n on ____________ 10
U Jan
420 S hattuok-A rlzona___ 10
25«2 Jan
200 South Utah AI & S___ 5 .20 Jan
505 Superior_______________25
30*4 Feb
14,650 Superior* Boston Alin 10
1 /f« Jan
30 L'aiaaraok____________ 25 3l Jail
125 Trinity________________ 25
4*2 Jail
530 Tuolumne Copper . . .
1
273 Jan
2,172 U S Smelt Ret * M in. 50 4 0 Feb
891, D . pref.....................50
48*2 Feb
200 Utah-Apex Alining___ 5
l 7s Jan
565 Utah Consolidated___ 0
97$ Jan
54 Jan
Ctah Copper C o......... 10
75 V ictoria_______________25
1*2 Jan
820 W in on a _______________25
3 Jan
25 W olverine___________
65 Jan
185 Wyan-’ ott ______
l'a Feb
div. /^Ex-rights, a Ex-Ulv. and right*,
67
Jan
Jan
4i2Jan
231, Jan
118 i2 Jan
1171., Feb
140*2 Jati
18 Jan
8U2 Jan
75 Jail
100 Jan
57s Jan
12 Jail
1334 Feb
288*2 Jan
18034 Jan
93*2 Jan
9533 Jan
219 Jail
3 Jau
9914
11
2
3
11
3
1
3
14
7
14
23
23
3
4
10
2
22
10
2
16
91*2 Jan 11
160 Jan 11
165*2 Jan
153., Jau
100*4 Jan
28*2 Jan
28*4 Jan
2 Jan
182 Jan
6534 Feb
28*2 Feb
69 Jail
111 Jan
6 Jan
2i., Jan
Jan
80*., Jan
3213 Feb
4i8 Jan
.33 Jan
7 Feb
4 Jan
45 Jan
72*2 Jan
555 Jan
18 Jan
47i2 Jan
42*4
10378 Feb
IOH4 Nov
2 l l i 2 Sep
Dee
N ov
Dee
Deo
Deo
Deo
Deo
Aug
May
10712 O c t
10512
7 170
lianqe jot Previous
Year 1912.
L oicest
100L Jan
10138 Feb
215 Jan
114L Jan
205 Jan
97 Jan
290 Jan
15634 Jan 14 l62i4Jan
90 Jan 21 90i2 Jan
260
♦5234 53*4
977a 08
228
*4 % 4*.,
622
21*2 2112
215, 213,
111
117 U7l2 117 117*2
344
115 116
116 116*2
450
131*8 1313, 131*3 1317g 11,043
Last Sale
79*4 79*4 79
793,
558
Last Sale
99*2 99*2 ♦9912 100
183
*5
6
578
678
123
*1 0 * 2 ___
1034 10 *i
37
13
13*2 *14*2 143.
1,980
281 281
189
280*2 281*4
142 142I2 142 142*2
002
91*3 92
505
91*2 92
421
93*2 9312 93*? 03*?
217 217 *210*4 218*2
75
Last Sale 3
Jan’ i 3
13*2 1334
280 281
142*, 143
9134 92
93
93
218 218
*3*2 4
76
*88
8 8 *s *83
157 158*2 157
16*4
106
100
273, 27»,
28
2 3S * 1*8
177
170
6534 54
2734
23
G334
108*4
434
•414 5
434
4's 41,
*134 2
*1*4 2
l’l 2
3978 3978 *38
40
*38
40
7234 73»8 727S 7334 7278 735s
317
8
31*4
3t»8 32
31*2 32*8
22*2
118
110*2
13178
*175 ___
49 Dec’ 12
*1G073 161*8
*893., QQi.,
150 Dec’ 12
80*4 803.,
*97
98
Sale3
)f the
Week
Shares.
2
2
6
15
20
4
30
4
3
3
2
4
2
28
3
4
2
2
2
6
2
Jan 2
Jan 27
15*8 Jan
9 Jan 2
3 % Jan 2
73*2 Jail 2
9*2 Jan 2
25 Jan 2
34 Jan 3
17 Jau 2
18*2 Jan 8
59 Jan 4
87*2 Jail 10
33/8 Jan 2
3s8 Feb 7
338 Feb 4
26*2 Jail 3
5*4 Jan 3
10 *o Jan 2
5*2 Jan 2
15*4 Jan 2
26*2 Jan 3
114 Jan 2
65 Jan 7
19*4 Jan 4
2 i2Jan 2
9 Jan 18
34*2 Jan 2
234 Jan 2
3*4 Jan 4
8% Jan 2
50 Jan 2
107 Jail 2
28*4 Jail 2
80 Jail 3
22 Jail
3 Jan
13*2 Jan 2
28*2 Jan 3
.35 Jau 18
4Qi2Jan 2
c isg Feb 4
38 Jan 3
<i Jan 9
3i2Jan 28
43*2 Jan 2
50 Jan 6
233Jan 3
H U Jan 2
60 Jan 2
2 Jan 2
4i2 Jan 2
76 Jan 3
1*2 Jan 9
x Unstamped.-
260 J'ly
119 Dec
121 J’ ne
83 Dec
125 Dee
10 Dee
j/ lu
72*3 Dee
126 Dec
128*2 Oct
20J Dot
174 J’ ne
41 Jan
152 Dec
89*3 Sep
150 Dec
80 Oct
90 Nov-
H hjhesl.
IIII 4 Oct
IOH4 Feb
222*2 Apr
134*4 Mch
218 Jan
10012 Jan j
300 Apr
14 M ay
80 J’no
l2i2 Jan
67 Jan !
170 Jan
112 j ’no
272 Jan ;
128 j an i'
2179 Apr i
oh 2 J a n ;
11733 May
23*3 Jan :
83 Feb
142 *8 Apr
143 Jan
212*2 Jan
187 Jan
7i) Jan
176*4 Sep
937a Deo
164 Jan
«8-7a Fob
103*2 McU
64 Dec
08 Dec
3 Aug
II Mch
1133., Dee
114*4 Dec
137»o Jan
22 Nov
79*4 Nov
75 Nov
jfOui.i J 'tie
5 Aug
10*2 Aug
llR, Jail
272*2 Sep
155 Jan
.rSSI8 .J’ly
93 Deo
214*2 Dee
2*2 Mch
1.0 Dec
90 Dec
115*4 Ooi
72*2 Jau
168 Feb
133,, Jan
98i2 Jan
27 Alay
28 Jail
.85 Jan
/i 174 Sep
40*4 Jan
27*2 Dec
5838 Feb
107*8 Feb
0334 Mcb
105 Mch
5*4 J'no
2 il2 NOV
13358 May
12334 Aug
149 Alch
30 Mch
94*4 Mch
84 May
105 Mch
9 Feb
20 Jan
17*4 May
300 Mch
189 Doo
95 Oct
987s Feb
22 j
Aug
4*2 J'no
105 Jau
107 Mch
104 Mch
90 Mch
184 Aug
173g Apr
109*8 Sep
32 Jau
31 Apr\
334 Apr
208*2 J ’no
67*2 Aug
2934 Sep
S058 Sep
11638 Oct
5 Dec
2 Dec
35 Dee
ISO Feb
24!2 Feb
2 Jan
.25 Nov
4*2 Dec
.i’ ly
19*2 Feb
67*2 Feb
405 Feb
15'» Dec
25*4 Feb
.01 Nov
48*2 Deo
3*2 Get
121 , Jan
0'8 Sep
3 Dec
31 Feb
7*2 Feb
22 Got
.70 Dec
11*8 Sep
IOS3 Dec
40*2 Jan
85 Jan
20*4 Jan
2 Apr
.80 Jan
22<*4 Dec
4i2 Feb
1014 Dec
5 Dec
SR, Jan
2338 Jan
1b8 Dee
60*2 Jan
18L Jan
2 Dec
634 ,Jan
223, Feb
2 i8 Dec
li 2 Deo
2->8 Jan
44 Jan
100 Dec
15 Mch
7212 Doc
HJig Jan
1 Jan
0 Jan
17 Feb
1.1 Dee
24 Feb
1 Deo
26 Jan
4 Dee
2 tj Dee
31 Jan
47 Jan
l Nov
9*2 J’ ly
5212 Jan
I3, Dec
3i8 Dec
65 Dec
1 Dec
11*4 Apr
8*4 May
5018 J’no
U2»8 Oct
35 Oct
b73 Apr
,55 Apr
9 *., J’no
53., Apr
6 l -*4 J’no
83*2 Aug
615 Sep
27*2 Apr
60*4 N OV
,09 Jan
66*2 Apr
7*2 Mch
163., Sep
16*4 A p r
6**10 A p r
773., N ov
11*8 Oct
37 J’no
2 Alay
23 Apr
2158 Jan
6534 J’ no
91i, Aug
37U N ov
3U Feb
3 May
49 Apr
8 Apr
l i i 2 J’no
9L Jan
18i2 Apr
3038 Sep
5i2 Apr
73 J'no
24**8 Sep
0 I4 Apr
9*4 Dec
39*8 Oct
83., Apr
cO*4 Jan
1314 May
04 Oct
130*9 J’no
29 “ N ov
9 j J’ no
241* Sep
478 Alay
1778 Aug
341;; NOV
1*4 Apr
4S78 J’ iy
478 Jail
51 Apr
9*2 Apr
4**13 Mch
xoiPs Sep
5234 Sep
3***0 Feb
20^8 Apr
673s Sep
678 Jan
73, Alch
13*4 Apr
17 Mch
F e b . 8 1 9 1 3 .)
B oston
Price
Frlti.au
Feb 7
BONDS
BOSTON STOCK EXC H AN G E
Wook Ending Feb 7.
'
B on d
Range
Since
Jan. 1.
Week's
Range or
Last Sale
4 1 3
R ecord
Feck’s
Range or
Last Sale
Price
Friday
Feb 7
BONDS
BOSTON STOCK E XC H AN G E
Week Ending Feb 7.
Range
Since
Jan. 1.
/nr JIgh
High
Bid
Ask Low
Low High
High
Bid
Ask Low
99l2 9934
9934
General Motors 1st 5-yr 6s. 1915
99l2 100b 9934
101 102
102 Sale 10134
102
Am A /ricul Chem Is; 5s— 1928
953.1
95l2 9014
95*8 Sale 95%
88'll 8934 Gt Nor C B A Q coll tr 4 s ..1921
89
887S Sale 887g
Am Tolep A Tel coll tr 4S..1929
9512 957g
Jan
’
13
95i2
Registered
4
3
___________
1921
953g
.
1123s
NOV'12
105
107
Convertible 4s..................... 1936
9934100
Illinois Steel deben 5s_____ 1913
997g 100% 100 Jan ’ 13
89-8 J 'ne 12
Am Writ Paper ls t s £ Os i f . .1919
117 A p r "08
la Falls A Sioux C 1st 7 s ...1 9 1 7
131 J'ne'12
Am Zlno L A S deb Os......... 1915
Mch
U
97
Kan
C
GII
1
1
A
Spr
1st
5s____1925
I
I
I
I
93
82 J’ly H2
Arl?. Corn Cop 1st 68 etts of dep .
11212
Kan C Ft -Scott A Mein 6 s ..1928
11214 113b 112b
9734 98
98
98
Atch Top A S Fe gan if 4 s . .1995
Kan O M A B gon 4s________ 1934
____92
92*2 Sep it
87*8 Nov '12
Adjustment if 4s____July 1905
N
ov
’ 12
Assented
Income
5s_____
1934
____
83
83%
80*-> J’ly 12
Stomped ..............July 1995
101%
Kan C A M Ry A Br 1st 53.1929
101'S 1013g
____11)1*4 lOllg
10 t*4 Sep '12
50-year conv 4s_______1955
115 J ’ ue-08
Marq Hough A Ont 1st 6 s ..1925
ll0>3 M c h l l
10 -year conv 5s_______1917
95*4 9612
0C12
96U Sale 9534
61 62*8 Mass Gas 4 A s --------------------- 1929
01 Sale 61
01i2
Atl Guif A VV 1 SS Linos 5 s .1959
lOOig Apr 12
Mich Telephone 1st 5s_____ 1917
95b Feh ’ 12
Boston Kiev 30-yr ir 4s------ 1935
92ia
92%
"
9 0 " "93""
New
Eng
Cotton
Yarn
5
s
..1929
’
95
'
'
iod
IO
OI
4
Meh’09
Boston & Lowell 4s......... ..1 9 1 6
101-3 Mch Ml
New Eng Tel-ph 5s------------ 1915
1041a Oct '08
Boston A Maine 4 Ms_______1944
5 3 .......................................... 1916
10012 Sep 08
Improvement 4s_______ ..1 9 3 ;
New England cons g 5s____ 1945
' 9 5 " Feb M2
Plain 4:j................................1942
Boston Term 1st 4s_____ 1939
102 102
102 Jan ’ 13
■Bur ft Mo Rlv cons Os_____ 1918
New River (The) conv 5 s . .1934
75 Dec'"U.
U lb S e p 'l l
Cedar Hap A Mo R 1st 7 s ..1916
92i4 M ch-12
89% ’ 8934 N Y N II A Ii eon deb 3 J^s.1956
89 90
Cent Vermt 1st tr 4s___May 1920
89i2
89i2
125'8 1251g
125ij\
Conv deb 6 s ------------------- 1948
125is
1103 Oct ’07
•0 B A Q Iowa Dlv 1st 5s___1919
101 Apr 0 .
Old Colony gold 4s.................1924
99 Aug 12
Iowa Dlv 1st 4s................... 1919
9S78 Sep
Oregon Ry A Nav con g 4S.194C
100 100
100 Jan '13
Debonture 5s___________ 1913
Oreg Sh Line 1st g 6s----------1922
m % Oct Ml
Feb '12
Denver Exten 4s_________ 1922
95 Jan ’ 1‘.
Pare Marquette deb g 6s— 1912
0812 Mch'12
Nebraska Exton 4s______ 1927
103 Jan ‘ If
Repub Valley 1st s f 6s____1919
08'2 Dec ’ 12
■ » & a W a f 4s..................... 1921
70U Deo ’ 10
85ig 85ig Savannah Elec 1st cons 5 s . . 1952
85is Jan ’ 13
Illinois Dlv S K s______
1949
____ 103% 10312 J’ly M2
997g 100% Seattle Elec 1st g 5s------------ 1930
100»8 Sale 1003S 1003S
Chic Jet Ry A Stk Yds 5 s ..1915
96 Sale 95
96
Shanuon-Arlx 1st g Os-------- 1919
____ 803.1 8734 Nov 12
Coll trust refunding g 4 s .1940
97 Apr ’O',
L’erro Haute Elec g 5s-------- 1929
111 Jan ’ ll
Oh Milw A St P Dub D 0s. .1920
101 Sep ’ It
Torrlngton 1st g 5s-------------- 1918
1133s
Feb
'11
Oh M A St P VVIs V dlv Cs__1920
Union Pac R R A I gr g 4 s ..1947
100l8 J’ly It
8 9 b ___ 9 1 M ay 12
Oh A No Mich 1st gu 53____ 1931
10173 May’ 12
20-ycar conv 4s__________ 1927
98 98
97 08t2 93 Jan '13
. Ohlc A VV Mich gen 5s......... 1921
9514 96U
96
96
Sale
United
Fruit
gen
s
t
4
Ms—
1923
OOt.)
97i2Sep ’ l l
Concord A Mont cons 4s___1920
95U 95*g
9512
Debenture 4 ) ( s -------------- 1925
95*2
10014 A u g’ ll!
Cudahy Pack (The) l s t g 5s 1924
I013.| Jan ’ 13
1013g 101»4
(J S Steel Co 10-00-yr 5s Apr 1953
____100
100
Aug
M
2
Current River 1st 5s...............1020
May
12
99
West
End
Street
Ry
4s____1915
81 83i2 8 OI4 Sep ’ 12
Det Gr Hap A VV 1st 4s------ 1940
99 13 Oct M2
Gold 4 A s ............................. 1914
99i2 Jan '13
99 0912
Dominion Coal 1st s f 5s------ 1940
987s Apr -12
Gold debenture 4s______ 1916
10313 Apr '05
Fltohburg 4s..........................
9812 N o v ’ l l
Gold 4s_________________ 1917
95 Oct '12
4S
. . . _________ lv6t
100*8 13 9934100*8
100 Sale 100
Western Teleph A Tel 5s___1932
12712 Mch M2
Fremt'Efk A Mo V 1st 0 s . ..19 3 3
93% Feb 12
Wisconsin Cent 1st gen 4s. .1949
127
Mch'12
Unstamped 1st 0s------------ 1J3,>
NOTH.__Buyer pays accrued interest In addition to the purchaso price for all Boston Bonds. • No price Friday: atest bid and asked. 1] H at price
P h ila d elp h ia a n d B a ltim o re S to c k E x c h a n g e s — S to c k R e co rd , D a ily ,
ACTIVE STOCKS
Salci
o\ the
Week CFor Bonds and Inactive
Slocks see below>
Shares.
Sliara PricM—Not Per Ceotum Pricos
Saturday
Feb. 1
Monday
Feb. 3
Tuesday
Feb. 4
118*4
110 119 *118*2
►
1201* 121
120 120*2 120
19*8 *19
1912 19*2 *
04*4 643g Gl
122
___ ___ *1934
20
20
" 23*2 23*2 ”23*2 "23*2
Vednesday
Feb. 5
Thursday
Feb. 0
118*4 118*4 118*2 *118*2
120 ♦119*4 ___ ♦119*2
19
19
1934 19
0412 *__
04 *
122*2 122*2 *122
20
—
20*2 —
23*8 *233*4 '2334 "233!
Friday
Feb. 7.
”24*
___
19
03*2
122*2
20
118
iiyi2
*1812
♦02*2
♦122
*20
24“
118
n y 58
1UU
63*2
122*2
20*2
1,300
777
350
30
32
110
24*8 24*8 '" 5 8 0
Baltimore
Con Gas E! L A P ow .100
Do
prof _______100
Houston Oil tr etfs--1 0 0
Do
pref tr ctts.100
Northern Central____ 50
Seaboard Air Lino___100
Do
p r o f .............. 100
United R y A E lectric. 50
P h ilad elp h ia
P H IL A D E L P H IA
P H ILA D E LPH IA
Inactive Stocks
American Milling--------- 10
Amcr Rys p r o !______ 100
Cambria Iron__________ 50
Central Coul A C o k e .. 100
Preferred . . . _______100
Consol Trnc of N J ____ 100
■Germautown Pass____ 60
Harwood Electric____ 100
Huntington A B T ____50
Preferred____ _______ 59
Insurance Co of N A ___1u
21*4
Inter Sin Pow A Chom.5u
Interstate Rys, prof___10
Kentucky Securities..100
P referred__________ 100
Keystone Telep, prcf._5u
Keystone Watch C ase.iou
Lit Brothers___________ 10
Little Schuylkill________50
Mlneblll A Schuyl H ...5 0
Nat Gas Elec Lt A Po.100
Preforred _______ ...1 0 0
North P en n sy lv a n ia ...50
Pennsylvania Salt------ .50 1O012
1
Bond;
Bid
Ask
Prices ars all "and
interest'
Alt A L V Elec 4 Ms’33F-A
Am Gas A Elec 5s '0 7 .F -A
Am R ys 5s 1917_____ A-O
Atl CGas ls ts f 5s 'C0.J-J
BergAEBrew 1st Os’21 J-J
Bcthleh Steot 6s 1998.Q-F
Ch Ok A G gen 5s 1019 J-J
Con Trac of N J 1st 5s ’33
Del Co Rys tr ctfs 4s'49J-J
Edison Eleo 5s 194 0 .A-O
Elec A Peoples Tr tr c t fs ..
Fr TaoAH 1st 5s 1940.J-J
Gen Asphalt 5s 1916.M-S
H arwElcc 1st 0s 1912.M-S
Interstate 4s 1943___F-A
Keystone Tel 5s 1935.J-J
Lake Sup Corp Inc 5s’ 2 4 .0
Lehigh Nav 4 Ms ’ 14..Q -J
Gen M 4 Ms g 1924.Q-F
Leh V O 1st 5s g 1933 .J-J
Leh V ext 4s 1st 1948.J-D
Conso1 0s 1923_____ J-D 114
104
Consol 4 Ms 1923___J-D
03
Annuity Os_________J-D
Gen eons 4s 2 0 0 3 ..M-N
90*4 00b
PUlia Co (Pitts) pref . -50 42*2
Leh V Tran con 4s ’35 J-D
Phil German A N orris..50
1st series A 4s 1935.M-S
Phlla Traction_________ 60
1st series B 5s 1935 M-S 102*8
,Railways General--------10
MarketStEI 1st 4s’ 55 M-N
97
,Tonopah Belmont D e v ..l
N atLHAP ser B 5s '19 J-J
United Cos of N J ____ 100
New Con Gas 5s 1948. J-D
i United Trac Pitts pret-80
N Y P h A No 1st 4s'39 J-J
Vlrgln'a R y A P o w . . .100
Income 4s 1939____M-N
P referred__________ 100
10% Pa A N Y Can 5s '3 9 .A-O
Warwick Iron A S teel..10
Penn Steel 1st 5s ’ 1 7 .M-N
W ashlngton-Va R y . loo
People’s Tr tr ctfs 4s 1043
90
P referred __________ 100
78
P Co IstAcoll tr 5s’40 M-S 102 102*2
Welsbach Co_________ 100
Con A coll tr 5s ’ 61 M-N
9534
West Jersey A Sea SI1. . 6 O
Phil Etec gold tr c t fs .A-O 103 103*4
Westmoreland Coal____50
Trust ctfs 43 1949 ..J -J
83*4 83*2
Whites Gas A Eloo____100
•York Railway_________ 50
13*4 P A B gen M 5s g ’2 0 .A O 101*2 105*2
Gon M 4s g 1 9 2 0 ...A -O
99
! P referred ________ . . . 5 0
99*8
38
■ • Bfd and uskod; no sales on this day, 11 E x-d iv. A rights. II 315 paid.
2l4
PH ILA D E LP H IA
Ph A Head 2d 5s 1933 A-O
Ex Imp M 4s 1047.A-O
Termln l 5s g 1941.Q-F
P W ft 11 col tr 4* -2 1 ..J-J
80*4 80*2 Read Trac 1st Cs ’3 3 . . J-J
90*4
Spanlsh-Am Ir 0s ’2 7 ...J-J
Stan’d Gas A E 0 s’20. J-D
Stand Stl Wks lst5s’28 J-J
117
101*8 101*2 U Trao lud gen 5s '1 9 .J-J
Un R ys Tr ctfs 4s’ 4 9 ..J -J
103*8
United Rys Inv 1st coll tr
s t 5s 1926................M-N
Welsbach s t 5s 1030..J-D
8434 85
VVII- B GAE con 5F55.J-J
York Uya 1st 5s 1937.J-D
100
til
00
B A L T IM O R E
8934
In activ e S tock s
74
Atlan Coast L (C o n n ).100
76
Canton C o____________ 100
100
103*2 Consolidation Coal___100
100*4 10034 Georgia Sou A Fla____10U
Range Since Jan 1.
10 96 Jan
31 101 Jan
8 I4 Jan
30
9 5334 Jan
18 121 Dec
18 Dec
30
24 45i2 Mch
I 8 I4 Jan
2
105 Jan
110 Jan
1734 Jan
04 Feb
120 Jan
1S34 Jan
46*2 Jan
23 Jan
13 120 Jan
13 120*4 Jan
2 20*4 Jan
4 08 Jan
2 122l2 Jan
8 21 Jan
22 4734 Jan
6 24U Jan
2 Feb
40 Jan
50 Jan
117g Jan
52*2 Jan
37*4 Jan
73*2 Jan
11*8 Jan
30 Jan
91*8 Feb
79*2 Jan
15*4 Jan
32 Jan
*59*2 Feb
49 Jan
22% Jan
27 Jan
80*8 Jan
6*4 Jan
50*2 Jan
89*s Jan
2 Feb 6
1 J ’nc
0
13 41 Jan 2 40i2 Oct
14 53*8 Jan 9 4H 2 Mch
29
12*8 Jan 9 1U2 J ’ly
17 54U Jan 9 52i.| Jun
17 427g Feb 4 18 Apr
2 77l2 Feb 4 5974 Apr
li Apr
14
12*4 Jan 30
27 Feb
2 31*2 Jan 9
87% Mch
0 9312 Jan 3
17 64% Jan 3 78is Feb
8i2 Jan
4
19 Feb 7
13 35 Feb 7 23 Jan
CO Dec
5 61% Jan 9
28 50 Jan 8 4934 Dec
7 24*8 Feb 5 1116% Jan
14 2812 Jan 3 2213 May
Jan 2 74' 1 Jan
17
0 Dec
30
012 Jan 13
14 5D2 Jan 9 4y3.i Feb
2 9D2 Feb 3 8 OI4 Jan
Bid
Ask
987g
113*4
99*4
99
101 i2 102
100*4
102 b
95b
75b
8 U4 81*2
93
93*2
91
95
259
130
201
10214
___
—
2d preferred_______ 100
G-B-S Brewing............. 100
Prices ars all "and
interest"
Balt City 3 Ms 1 9 3 0 ...J -J
4s 1954-1955. ..V arious
5s 1910.................... M-N
Anacostia & Potom 5s A-O
AtCoast. I. conv deb 4SM-N
Atl Coast L(Ct)otfs 5s J-D
5-20-yr 4s 1925--------J-J
B S P A C 1st 4 Ms ’ 53 F-A
Balt Trao 1st 5s ’ 2 9 ..M -N
No Balt Dlv 5s 1942 J-D
Cent Rv cons 5s ’ 3 2 . . M-N
E xt A Imp 5s 1932.M-S
Chas City Ry 1st 5s’ 23 J-J
Ohas R y G A El 5s ’99 M-S
CltV A Sub 1st 5s 1922 J-D
City A Sub(Wns) 1st 5s 48
91*4 ____
96*2 . . . .
102*4 ___
9812 . . . .
98b
104 ____
01 ____
____ 90b
105b
107 . . . .
100 ____
100 . . . .
. . . . 103*4
____ 97
10412 . . . .
102b
paid.
Highest
Highest
Lo west
30
92
80l2 81*2
3 —
{ 13 A
I artgt lor Previous
Year (1912),
♦ ?17 A paid.
OO
*2
2*2
2
2
2*8
21? ♦2
212 *2
*2
212 *2
40*4 40*8 40*4
40
40*i 40*4 40
40
40
*39*2 40b 40
51
51<3 51 *g 51
51*4 50*4 603,1 60*2 50*2 50*8 50*2 61
12*2
*117g ___ * 11% ___ ♦12
•12
♦12
*12
54
63*2 53*2
53*2 53*2 ♦53
535.4 53*4
53*2 53*4 *53*2 f 1
42*3
42*4 42*8 42 7g 42*4 4234 42*4 42*4 42
411.1 42% 42
77*? 77*8 773g 77*8 77*8 77% 773g
70
77*8 77
7714 77
12
12
IDs 12
11»S 11*8 1134 1134 11*8 1134 11*8 113.1
30
31
30
♦29*8 30*4 *29*8 30*4 *29*2 30*4 *29*2 30*4
*30
*9H2 0212 *9U2 92i4 917g 917g 91*4 91*2 91*8 91*4 91*8 9 Ms
81
81
81
81
81
81
803.1 H0*4 8012 81
8 U4 81*?
17*2 1734 17*2 17*4 1734 1734 17*8 17*8 173.1 18*3 18*4 19
34*4 34*4 34*8 34*4 34*4 343s 34*4 35
34
341.1 3 1*4 31
00*8
00
00% 0112 00% OIU 00% 01*, i 59*8 60*4 59*8 69%
49
49*2 49
49
49
49*2 49*s 40 lg ♦49
*19
49*4 49
24
2414 24*4 2 112 24*4 2 l;*s 24*8 24*8 23*8 243s 23*1 24*8
*2714 27*2 27*2 27*2 27*4 27*4 27*4 27*4 27*3 27*4 *27*8 273g
82% 82i2 823.1 83*8 82%83 At 82*3 82*2 *82*8 82*2 82*8 82%
578 57g
5 % 5%
578 6%
57S 5 %
6% 5% ♦57g 6
51
507g 507a 607g 5()78 603.4 50*4 50% 60'8 50-1.1 61
51
90*2 003.1
01*8 91
91*4 90*8 91
90*4 00»s 003g 0112 91
30 American Cement____ 50
71 American R ailw a y s.. 50
1,041 Cambria Steel.............. 50
_____ Electric Co of America -10
221 Elec Storage B a tte ry .100
0,586 Gen Asphalt tr ctfs___100
1,957
Do
pref tr ctfs .100
850 Keystone Telephone. 50
5 Lake Superior Corp__100
104 Loll C A Nav tr c t f s .. 50
288 Lohigh Valley_________ 50
5,198 Lehigh Valley Transit 50
2,010
Do p ro f............
50
6,529 Pennsylvania R It------ 50
370 Phlladcl C o (P itts b ).. 50
17,110 Philadelphia E le c ? .. 25
1,095 Phil R T vot tr c t f s .. 50
2.075 Heading......................... 60
2.075 Tonopah Mining_____
1
448 Union T raction______ 60
0,017 United Gas Inapt____ 60
/e e k ly , Y e a r ly
B A L T IM O R E
Coal A C R y 1st 5s ’ 19 A-O
Coal A I R y 1st 5s ’2 0 .F-A
ColAGrnv 1st 0s 1910 J-J
Consol Gas 5s 1939— J-D
Gen 4 Ms 1951____A-O
Cons G E A P 4 Ms ’ 35 J-J
Consol Coal 5s 1 9 5 0 ..J-D
Fair A Cl Tr 1st 5s’ 38 A-O
Ga A Aia 1st con 5s ’45 J-J
Ga Car AN 1st 5s g '29.J-J
Georgia P 1st 0s 192 2 ..J-J
Ga So A Fla 1st 5s ’4 5 .J-J
G-B-S Brew 3-43 ’5 1 .M-S
Houston Oil dlv ctfs .F -A
Knoxv Trac 1st 5s '28 A-O
M aconRyALt 1st 5s’ 5J J-J
Md Elec R y 1st 5s '3 1 . A-O
Memphis St l3t 5s "45.J J
Monon V Trao 5s’ 42.J-D
Mt Ver Cot Duck 1st 5 s ..
Npt N A O P 1st 0s’38M-N
N A A Terral 5s ’29. M-S
Nor APort Tr 1st 5s’36 J-D
Norf R y A L 5s ’49..M -N
North Cent 4 A s 1925-A-O
Series A 5s 1926____ J-J
Series B 5s 1926____ J-J
Pitt Un Trac 5s 199 7 ..J-J
P oto Val 1st 5i 1941. J -J
Sav Fla A West 5s ’34 A-O
Seab Air L 4s 195 0 ...A -O
Scab A Roan 5s 1926..J-J
South Bound 1st 5 s..A -O
U El L A P 1st 4 M*'29 M-N
Funding 5s 1936..
117
110
May
Apr
N ov
72:2 J’ly
1.40 Apr
2 /I 4 May
5564 J ’ne
205s Sep
2513
1
7 Jan
47 Sep
65ig Oct
12i2 J ’ly
583g Aug
3912 Dec
7312 Dec
13 Sep
35U Sep
100 Sep
927g Jan
107s Sep
33i2 Deo
63% Apr
56U Feb
2434 Sep
29 Sep
89% Apr
8U Apr
63 Sep
02% Aug
Bid
Ask
95*4
95
100
10334
10714 - - .
94b 95
90
92b
101 101b
10434
106*4
110
105 1O01|
6C
82
80
08
97
07>J
9734 —
76*4
99 i o i
95
91b
100
102b
104
104
100
105
100
85*2
104
107
03
S4%
63
87*4
101b
II"
____
92
m___
85
88
102b
—
87
io fb i o i '
109
414
THE CHRONICLE
J jw jje s t m c ix t
a m i
R A IL R O A D
l^ a ilr a a d
GROSS
[Y o l T x c v i.
I n te llig e n c e .
EARNINGS.
I h e f o l l o w i n g t a b le s h o w s t h e g r o s s e a r n in g s o f e v e r y S T E A M r a i l r o a d f r o m w h ic h r e g u l a r w e e k l y o r m o n t h l y r e t u r n s
c a n b e o b t a n e d . _ T h e f i r s t t w o c o l u m n s o f fi g u r e s g i v e t h e g r o s s e a r n i n g s f o r t h e l a t e s t w e e k o r m o n t h , a n d t h e l a s t t w o
c o l u m n s t h e e a r n in g s f o r t h e p e r i o d f r o m J u l y 1 t o a n d i n c l u d i n g s u c h l a t e s t w e e k o r m o n t h .
W e a d d a s u p p le m e n t a r y
s a t e m e n t t o s h o w t h e fi s c a l y e a r t o t a l s o f t h o s e r o a d s w h o s e f i s c a l y e a r d o e s n o t b e g i n w i t h J u l y , b u t c o v e r s s o m e o t h e r
p e r io d .
T h e r e tu r n s o f th e e le c tr ic r a ilw a y s a r e b ro u g h t to g e th e r s e p a r a t e l y o n a s u b s e q u e n t p a y t .
L a te st G ro s s E a r n in g s .
ROADS.
W eek or
v lo n lh .
C u rren t
Y ear.
P rev io u s
Y ea r.
July 1 to L a t e s t
C u rren t
Y ea r.
D a te .
P rev io u s
Y ea r
Ala N O <fc Tex Pac—
S
N O & N or E ast. 1st wk Jan
67.000 1,976,869 1,963,043
58.000
Ala & Vicksburg. 1st wk Jan
28.000
33.000
990,566
901,354
VicksSbrev & Pac 1st wk Jan
26.000
26,000 1,330,866 1.341,111
Ann A rbor_________ 4th wk Jan
52,726
64,486 1,360,937 1,379,597
A tcli Topeka & S Fe December 10420242 9.198,975 01,228,359 54,936,784
Atlanta Birm & Atl November
294.272 287,014 1,375.097 1,379,098
Atlantic Coast Lino. December 3,512,375 3,259,582 16,978,452 15,812,812
Chariest & W Car November
170,227 167,841
761,138
818,718
Lou Hend & St L. December
102,877 101,576
637,872
651,506
0 Baltimore & O hio. December
8,303,097 7,188,254 52,449,338 46,922,384
B & O Ch Ter RI{ December
950,838
143,180 110,301
813,999
Bangor & A roostook December
269,100 246,052 1,596,751 1,669,486
Bessem Sc Lake Erie December
448,035 425,403 5,030,864 4,826,382
Birm ngham South- November
67,856
478,592
103,917
345,405
Boston Sc M aine___ December 3,861,894 3,763,842 25,614,278 24,039,531
B uff Itoch & P it t s .. 4th wk Jan 340,920 262,251 6,573,302 5,674,063
Buffalo & Susq____ December
194.272 209,835 1,228,366 1,255,026
Canadian Northern. 4th wk Jan 511,400 448,200 13,753,000 11,562,800
Canadian Pacific _ . 4th wk Jan 3,206,000 2.747.000 82,933,913 69,680,493
Central o f G eorgia. 4th wk Jan 384,300 405,300 8,448,572 8,390,473
Cent o f New Jersey December 3,020,291 3,001,111 17,041,750 15,642,705
Cent N ow E ngland. December
303,050 292.153 1,920,421 1,718,773
Central V erm on t.. December
326,332 322.608 2.188.349 2,142,251
Chcs & Ohio Lines. 4th wk Jan 1,177,199 1,014,133 20,920,428 19,717,909
Chicago & A lton ___ ith wk Jan 411,489 360,550 9,443,855 8,941,100
Chic Burl & Quincy December 8,128,414 6,942,257 50,713,685 45,970,700
p Chic Great W est. 4th wk Jan 306,217 234.632 8,363,898 7,623,259
Chic Ind & L o iis v .. 4th wk Jan 164,335 192,202 4,161,883 3,857,644
C hic M ilw & St P__ December 6,361,374 5.298,579 39,004,160 33,344,555
C hic M il & Pug S December 1,951,920 1,370,707 11,498,592 8,423,869
rC hic & N orth West December 7,194,247 6,332,290 45,664,315 40,807,233
rChic St Paul M &O December 1,443,232 1,312,574 9,275,102 8,133,657
Chicago T II & S E . December
189,278 161,868 1,033,943
958,206
Cin 11am & D ayton December
860,399 780,678 5,579,335 5,335,918
C olorado M id lan d . December
153,703 133,974 1,115,479 1,061,596
b C olorado & South. 4th wk Jan 448,411 378,639 9,283,878 8,888,994
C o rn w a ll__________ Decomber
20,897
16,706
121.764
96,183
Cornwall Sc L eban. November
31,947
21,305
173,991
138,422
C uba R ailroad____ December
412,408 293,685 1,948,951 1,582,665
Delawaro Sc Hudson December 1,994,287 1,753,628 12,308,060 11,133.916
Delaw Lack Sc West December 3,438,977 3,027,925 21,246,299 19,174,316
D en v & R io Grande 4th wk Jan 630,700 598,500 15,328,009 14,283,658
W estern Pacific
December
490,144 402.154 3,340,519 2,934,171
Denver N W & P a c. December
95,594
97,566
669,492
677,783
D etroit T ol & Iront December
153,748 141,897
920,327
920,774
D etroit & M ackinac 4th wk Jan
31,591
32,345
721,172
702,042
Dul Sc Iron R ange_ November
372,064 378,884 4,422,038 4,330,966
Dul Sou Shore & Atl 3d wk Jan
55,828
45,601 1,906,308 1,816,628
Elgin Joliet & E ast- December 1,111,871 814,992 6,647,738 4,946,684
El Paso & So W est. December
776,951 668,112 4,220,916 3,585,225
E r i e _______________ December 4,951,821 4,525,963 32,745,969 30,019,593
Fairchild & N E ___ December
2,339
2,420
14,351
12,841
Florida East Coast December
423.849 348,668 1,899,536 1,569,962
Fonds Johns & G olv December
74,341
71,703
516,152
497,396
Georgia R a ilro a d .. December
277,495 307.853 1,555,686 1,776,122
Grand Trunk S yst. 3d wk Jan 884,424 760,575 31,330,658 28,122,495
Grand Trk W est. 3d wk Jan 133,093
114,995 4,132,755 3,760,770
D ot Gr H & M ilw 3d wk Jan
39,457
35,097 1,448,491 1,335,722
40,849
Canada A tlantic. 3d wk Jan
36,450 1.378.350 1,195,861
Great N orth System January _. 4,552,173 3,806,389 48,662,901 40,424,465
G ulf Sc Ship Island December
166.849 168,259 1,007,411
990,194
H ocking Valley___ December
604,024 547,718 4,180,894 3,886,203
Illinois C entral____ December 5,700,980 5,019,239 33,413,641 30,493,338
Internat Sc Grt Nor 4th wk Jan 328,000 306,000 7,338,705 6,473,094
a Interoceanic M ex 4th wk Jan
311,555 307,809 5,121,126 4,974,002
Kanawha Sc M ich _ N ovember
270,405 267.632 1,466,721 1,480,035
Kansas C ity S outh. December
916.957 787,722 5,510,720 4,821,271
Lehigh Valley
December 3,461,354 3,116,124 22,542,679 19,829,997
Lexington Sc E a s t .. November
59,107
44,109
305,011
238,833
Louisiana & A rkan. December
146,226 116,889
810,986
681,119
sLouisv Sc Nashville 4th wk Jan 1,750,525 1,595,460 35,093,635 32,858,685
M acon & B irm ’ham December
13,552
15.371
84,874
87.857
M aine Central_____ December
869,499 789,543 5,913,817 5,699,604
M aryland Sc Penna. December
38,645
33,735
264,051
235,283
a M exican R ailw ay- 3d wk Jan
183,900 170,800 4,741,600 4,646.600
Mineral R ange____ 3d wk Jan
16,551
13,744
475,958
410,508
M inn Sc St L o u i s ..' 4th wk Jan 231,845 131,206 5,970,086 4,594,381
Iowa Central____
M in S t P Sc S S M . December 1,853.573 1,371,627 11,702,265 9,184,543
Chicago Division. December
891,316 696,556 5,531,666 4,786,311
Mississippi Central. December
87,258
73.732
508,541
452,913
u M o Kan Sc T exa s. 4th wk Dec 936,785 840,376 20,200,467 17,810,917
x Missouri P a c ific ._ 4th wk Jan 1.698,000 1.651.000 37,072,656 32,746,925
Nashv C hatt Sc St L December 1,107,619 959,195 6,630,520 6,083,110
a N at R ys o f M e x .i 4th wk Jan 2,050,973 2.044,182 37,607,970 38,002,284
N evada-Cal-Oregon 3d wk Jan
4,718
3,553
25-1,965
200,573
N O Great Northern November
131,203 137,018
693,803
708,188
N O M obile Sc C h ic. December
241.300 178,571 1,280,776
962.426
eN Y C Sc Hud R iv . December 9,584,162 8,645,587 59,337,619 55,146,200
Lake Shore Sc M S December 5,019,375 4,165,654 29,237,695 25,616,953
n Lake Erio Sc W . December
530,439 457,163 3.186.068 2,896.662
C hic Ind & South December
394,958 379,345 2,210,027 1,949.765
M ichigan Central December 3,050,834 2,695,982 17,674,360 16.105,076
Cleve O O Sc St L December 3,038,365 2,622,721 18,019,422 16,006,029
Peoria & Eastern December
345,622 294,352 1,923.418 1,654,007
Cincinnati North December
139,080 117,569
801,890
707.993
Pitts & Lake Eric December 1,576,936 1,208,360 10.091.682 8,371,264
N Y C hic & St L_ December 1,085,032 1,024,311 6,498.964 5,866,202
T o l & Ohio C en t. December
441,663 406,050 2,943,963 2,830,374
T o t all lines abovo December 25206466 22017094 151925112 137149613
AGGREGATES
W eek ly S u m m a ries.
3d
4th
let
2d
3d
4th
1st
2d
3d
4th
week Nov
week N ov
week Dec
week Dec
week Dec
week Dec
week Jan
week Jan
week Jan
week Jan
S
i t
C u rren t
Y ear.
S
P rev io u s
Y ea r.
OF GROSS
In crea se or
D ecrea se.
W eek or
M on th .
Current
Year.
July 1 i o
L a test D a te .
Current
Year.
P rev io u s
Y ea r.
P rev io u s
Year.
S
N Y N H & H a rtf._ Decomber 5,5S1 ,601 5,418,0-15 35,880 ,176
,963,001
N Y Ont & W e s t .. . December
705,,2411 690,422 5,040 ,361
,777,334
N Y Susq & W e s t .. December
322,,890i 339.7SS 1.859 ,841
.002,949
N orfolk Southern. 3d wk Jan
57,,202,
50,766 1,932 ,018
,746,580
N orfolk Sc W estern. December 3,566,,510 3,257.245 22,138 ,936
,985,571
Northern P acific___ December 6,355, 776 5,253,317 39,721 ,737
,479,770
Pacific Coast C o ___ November
710,
574,864 3,664: ,433
,487,819
Pennsylvania RR_ _ Decomber 14993
13746379 92,577, ,482
161,731
Balt Ches Sc A tl. December
16,
189:,834
16,875
168,290
Cumberland Vail December
278,
241,265 1,757, 050
.500,047;
Long Island_____ December
793,
737,548 6,268, 589
,834,356
M ary I’d Del & Va December
8
9,000
92, 635
85,256
N Y Phila & N orf December
288
261,980 1,870, 045
,728,009
Northern Central December 1,139
1,024,812 0,834, 114
538,065
Phil Balt Sc Wash Decomber 1,664
1,581,121 10,777, 445
,794,906
W Jersey & Seash December
362
460,539 3,704, 419
,660,281
Pennsylvania Co___ December 5,300.
4,255,024 35,450, .703
409.793
Grand R ap & Ind December
458,
407,024 2,939, 552
,686,504
Pitts C C & St L . December 3,882,
3,288,972 23,345, 701
,498,319
V a n d a lia _______ December
843,966 5,929, 000
984
,200,331
T otal Lines.
East Pitts Sc E ___ December 20628 265 19005 253 132587913 119083 182
W est Pitts Sc E . December 10753 979 8,907,603 68.420,059 58,476,526
All East &West December 31382 244 27912 855 201007973 177559707
P cro M arquette___ December 1,566,646 1,520,680 9,249,849 9,093,727
Reading C om panyPhila & R eading. December 4,405,830 4,050,368
,282,687
,405,411
Coal & Iron C o . . December 4,138,152 3,660,219
,830,396
,096,306
T otal both cos___ December 8,543,982 7,710,589
.113,083:
,501,717
R ich Fred Sc Potom December
250.924 210,213
,169,402
,350,573
R io Grando June___ November
117,767 107,749
484,367
572,035
R io Grande S o u th ._ 4tli wk Jan
16,531
13,478
392,905
301,546
R ock Island Lines. December 6,114,619 5,552,310
,135,781
,221,923
Rutland _________ .November
313,746 293,485
,695,757
,577,918
St Jos Sc G r Island. December
121,143 114,063
862,200
843,166
St L Iron M tn Sc So December 3,004,296 2,694,251
,68,0644
,598,364
St L R ock y M t & P December
203,926 183,268
.069,541
913,773
St Louis & San Fran December 4,133,489 3,689,504
,197,221
,199,713
/C h i c & East 111.. December 1,358,521 1,354,080
,404,080
,155,2071
T otal all lines___ December 5,472,010 5,043,584
,603,793
,352,427
St Louis Southwest. 4th wk Jan 411,000 359,000
.237,662
,299,269
San Ped L A & St L November
893,139 708,652
,688,076
,291,530
Seaboard Air Line
3d wk Jan 486,388 416.035
,383,511
,988,333
Southerrt Pacific Co December 12151501 11296477
,648,104
,069,365
Southern R ailw ay_ 4th wk Jan 1.878,691 1,724,937
,199,613
,749,930
M obile & O hio___ 4th wk Jan 359,322 338,254
,763,194
,149,514
Cin N O S T ex P . 4th wk Jan 334,788 290,904
,618,383
,066,811
A la Great South. 3d wk Jan
75,174
92,397
,636,597
.875,370
44,540
47,421
Georgia Sou & Fla 3d wk Jan
,379,781
,410,839
438,052 408,939
Spok P ort & Seattle December
,621,695
,800,805
1,511
2,447
Tenn Ala Sc Georgia 3d wk Jan
61,222
73,975
141,697 120.053
Tennessee Central. December
855,078
795,256
Texas Sc P acific____ 4th wk Jan 498,397 525,875
,217,694 10 ,670,310
Tidowater Sc W est. November
7,938
7,105
44,251
42,197
47,195
T oled o Peor & W cst 4th wk Jan
43,288
843,048
769,742
T oledo St Ii & W est 4th wk Jan 100,079
92,247
,474,196
360,157
Union P acific S yst. Decomber 7.843,148 7,175,161
,580,269
044,545
Virginia Sc So W est. December
137,276 136,495
890,536
865,260
V irginian_______ _ December
456,195 371,781
,677,106
356,409
W a b a sh ___________ December 2,672,613 2,426,263
,879,944
,282,521
Western M aryland. Novomber
640,128 570,629
,197,468
,095,308
W heel & Lake E rio. December
606.081 538,233
,367,736
,996,774
W rightsv Sc Tonnille December
34,395
27,836
161,324
190,398
Y a zoo & M iss Vail December 1,146,456 1,076,365
,692,366
266,017,
Current
Year.
Period.
V a rio u s F is c a l Y ea r s.
Delawaro & n u d se n ___________ Jan
Id Y Central Sc Hudson R iv e r.e . Jan
Lako Shoro & M ichigan South Jan
Lake Erie & W estern .n _____ Jan
Chicago Indiana & Southern. Jan
M ichlgan Central___________ Jan
C leve Cin Chic & St L ouis___ Jan
Peoria & Eastern____________ Jan
Cincinnati N orthern_________ Jan
Pittsburgh & Lake E rio_____ Jan
N ew York Chicago & St Louis Jan
T oled o Sc Ohio Central______ Jan
T otal all lines_____________ Jan
Pennsylvania Railroad_________ Jan
Baltimore Ohesap & A tiantlc. Jan
Oumberland Valley__________ Jan
Long Island_________________ Jan
M aryland Delaw & Virginia. _ Jan
N Y Philadelphia & N o r fo lk .. Jan
N orthern Central____________ Jan
Philadelphia Balt & W ash___ Jan
W est Jersey Sc Seashore_____ Jan
Pennsylvania Company________ Jan
Grand Rapids & Indiana____ Jan
Pitts Clncin Chic & St L ouis. Jan
Vandalia ___________________ Jan
T otal lines— East Pitts Sc Erie Jan
— W est Pitts& Erie Jan
— All lines K & W . Jan
R io Grando Junction___________ Dec
R u t la n d _________ _____________ Jan
1
1
1
1
1
l
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
Dec
Dec
Dec
Dec
Dec
Dec
Dec
Dec
Dec
Dec
Dec
Dec
Dec
Dec
Dec
Dec
Dec
Dec
Dec
Dec
Dec
Dec
Dec
Dec
Dec
Dec
Dec
Dec
Dec
Nov
Nov
31
31
31
31
31
31
31
31
31
31
31
31
31
31
31
31
31
31
31
31
31
31
31
31
31
31
31
31
31
31
30
P rev io u s
Y ea r.
$
22,417,070 21,357,924
109900015 103954862
54,283,616 48,360,997
5,839,630 5,420,821
4,235,819 3,822,611
32,911,753 30,164,490
32,714,238 30,431,915
3,429,867 3,218,284
1,418,645 1,248,676
18,162,118 15,308,560
12,226,237 11,258,007
5,363,018 4,938,046
280481956 258127870
174007598 157487412
302,506
273,545
3,291,360 2,891,331
11,186,656 10,517,751
141,525
134,232
3,566,191 3,326,465
12,844,716 12,745,867
20,280,042 18,914,244
6,395,256 6,247,667
62,950,425 53,073,302
5,435,270 5,031.661
43,604.082 38,549.933
10,748,709 9.970,327
247253811 225999486
124186309 108543723
371440120 334543208
990,931
1,078,067
3,313,043 3,151,747
E A R N I N G S — W e e k ly a n d M o n t h ly .
%
(35 roads)___ 15,269,490 13,482,111 +1,787,379 13,26
(39 roads)____ 20,632,339 18,527,249 +2,105.090 11.36
(39 roads)___ 15.124,726 14,334,170
+790,556
(37 roads)___ 15.008,984 14,197,936
+871,048 6 $
(39 r o a d s).._ 15,592,404 14,175,524 + 1.416,880 9.99
(39 roads)____ 20,860,397 18,309,553 +2,550.844 13.93
(39 roads)____ 12.470,178 11,142,109 + 1,328.069 11.92
(40 roads)____ 12,631,763 10,981,115 + 1,650.648 15.03
(40 roads)___ 13.572,942 11,616,351 + 1,956,591 16,84
(28 roads)____ 18,619.728 17.001.500 + 1,618,228 9.52
CtoveXand
L a te s t G ro ss E a r n in g s .
ROADS.
M o n th ly
d ile a g e .
S u m m a ries.
C u r. Y r . P rev. Y r.
M arch ......... 238,218
A p r il........... 236,722
M a y ........... 235,410
J u n e ______ 235,385
J u ly ............. 230,712
August_____ 239,230
September. .237,591
October____237,217
N ovem ber..237,376
December___ 87,174
234,692
233,057
231,597
230,894
227,194
235,404
235,140
233,545
233,305
84,845
C u rren t
Y ea r.
P rev io u s
Y ea r.
In crea se or
D ecrea se.
%
237,564,332
220,678.465
232,229,364
243,226,498
245.595.532
276.927.416
272,209.629
293.738,091
276.430,016
76,694,747
$
224,608,654
216,140,214
226,184,668
228,647.383
222,587,872
251.067,032
252,318,597
258,473,408
244,401.845
69,003.277
$
+ 12,955,678
+4,538,251
+6,044,698
+ 14,579,115
+23,007,660
+25,860.384
+ 19,891.032
+35,264.683
+31,968,171
+ 7,691.470
2.67
0.38
10.34
10.30
7.88
13.64
13.07
11.15
Evansville * Torre Haute and Evansville
si
5.77
2.10
Indiana RR. * In -
415
THE CHRONICLE
F e b . S 1 9 1 3 .]
------- Gross Earnings------- ------- N et E arnings ------C urrent
Previous
Current
Previous
Year.
Y ear.
Year.
Year.
$
$
$
S
L a t e s t G r o s s E a r n i n g s b y W e e k s .— I n t h e t a b le w h ic h
fo llo w s
w eek
w e sum
up
o f Jan u ary.
s e p a r a te ly
th e e a r n in g s f o r t h e fo u r t h
The
covers
ta b le
28
road s
and
show s
9 . 5 2 % in c r e a s e in t h o a g g r e g a t e o v e r t h e s a m e w e e k l a s t y e a r .
Fourth Week of J a n u a ry .
1913.
Increase. Decrease.
1912.
$
A n n A r b o r .......... - ............................
B u ffa lo R o c h e s te r & P itts b u r g h
C a n a d ia n N o r t h e r n --------------------C a n a d ia n P a c ific ------------------------C e n tra l o f G e o r g ia .........................
C h esa p ea k e & O h io _____________
C h ic a g o & A l t o n ________________
C h ic a g o G re a t W e s te rn ________
C h ic a g o In d ia n a n & L o u is v ille .
C in c in N ow O rl & T e x a s P a c ___
C o lo r a d o & S o u th e r n ___________
D e n v e r & R io G ra n d e ___________
D e t r o it & M a c k in a c ____________
In to r n a t & G rea t N o r t h ________
In te r o ce a n ic o f M e x i c o _________
L o u is v illo & N a s h v ille _________
M in n e a p o lis & St L o u is _______ 1
Io w a C e n tr a l________________ /
M is s o u r i K ansas & T e x a s ______
M is s o u r i P a c if ic _________________
M o b ile & O h io ___________________
N a tio n a l R a ilw a y s o f M e x i c o . .
R i o G ra n d e S o u th e r n ________
St L ou is S ou th w es tern ______
S ou th ern R a ilw a y ___________
T e x a s & P a c if ic ______________
T o le d o P eoria & W e s te rn -----T o le d o St L ou is & W e s te rn -------
5 2 ,7 2 6
3 4 0 ,9 2 0
5 1 1 ,4 0 0
3 .2 0 6 .0 0 0
3 8 4 ,3 0 0
1 ,1 7 7 ,1 9 9
4 1 1 ,4 8 9
3 0 6 ,2 1 7
1 6 4 ,3 3 5
3 3 4 ,7 8 8
4 4 8 ,4 1 1
6 3 0 ,7 0 0
3 2 ,3 4 5
3 2 8 .0 0 0
3 1 1 ,5 5 5
1 ,7 5 0 ,5 2 5
2 3 1 ,8 4 5
6 4 ,4 8 6
2 6 2 ,2 5 1
4 4 8 ,2 0 0
2 .7 4 7 .0 0 0
4 0 5 ,3 0 0
1 ,0 1 4 ,1 3 3
3 6 0 ,5 5 0
2 3 4 ,6 3 2
1 9 2 ,2 0 2
2 9 0 ,9 0 4
3 7 8 ,6 3 9
5 9 8 ,5 0 0
3 1 ,5 9 1
3 0 6 .0 0 0
3 0 7 ,8 0 9
1 ,5 9 5 .4 6 0
1 3 1 ,2 0 6
9 3 6 ,7 8 5
1 .6 9 8 .0 0 0
3 5 9 ,3 2 2
2 ,0 5 0 ,9 7 3
1 6 ,5 3 1
4 1 1 .0 0 0
1 ,8 7 8 ,6 9 1
4 9 8 ,3 9 7
4 7 ,1 9 5
1 0 0 ,0 7 9
8 4 0 ,3 7 6
1 .6 5 1 .0 0 0
3 3 8 ,2 5 4
2 ,0 4 4 ,1 8 2
1 3 ,4 7 8
3 5 9 .0 0 0
1 ,7 2 4 ,9 3 7
5 2 5 ,8 7 5
4 3 ,2 8 8
9 2 ,2 4 7
1 1 ,7 6 0
7 8 ,6 6 9
6 3 ,2 0 0
4 5 9 ,0 0 0
21,000
1 6 3 ,0 6 6
5 0 ,9 3 9
7 1 ,5 8 5
27", 8 6 7
4 3 ,8 8 4
6 9 ,7 7 2
3 2 ,2 0 0
754
22,000
3 ,7 4 6
1 5 5 ,0 6 5
1 0 0 ,6 3 9
9 6 ,4 0 9
4 7 .0 0 0
2 1 ,0 6 8
6 ,7 9 1
3 ,0 5 3
5 2 .0 0 0
1 5 3 ,7 5 4
1912.
2 7 ,4 7 8
3 ,9 0 7
7 ,8 3 2
8 8 ,1 0 5
Increase.
%
1 7 .2 7
I t w i l l b o s e e n t h a t t h e r o is a g a i n o n t h o r o a d s r e p o r t i n g
in t h o a m o u n t o f $ 7 , 5 7 5 , 9 2 3 , o r 1 7 . 2 7 % .
E a r n in g s
M o n th ly
to
L a te st
D a t e s .— T h e
fo llo w in g s h o w s t h o g r o s s a n d n e t e a r n in g s o f S T E A M
ta b le
ra il
r o a d s a n d in d u s t r ia l c o m p a n ie s r e p o r t e d th is w e e k :
-------- Gross
C urrent
Year.
Hoads.
$
E arn in g s —
Previous
Year.
_
_
C urrent
Year.
E arnings ------Previous
Year.
$
2 5 ,6 1 0
A la b a m a T e n n & N o r . . D e c
3 7 ,3 2 3
1 3 2 ,4 6 3
J u ly 1 to D e c 3 1 -----------2 2 1 ,5 6 6
3
,2
5
9 ,5
A tla n tic C o a st L i n e . a - - D c c 3 ,5 1 2 ,3 7 5
.. 82
J u ly 1 to D e c 3 1 1 6 ,9 7 8 ,4 5 2
1 5 ,8 1 2 ,8 1 2
B a n g o r & A r o o s to o k ______ D o c
2 6 9 ,1 0 0
J u ly 1 to D e c 3 1 1 ,5 9 6 ,7 5 1
9 ,4 2 6
B ir m in g h a m & S B ______ D e c
J u ly 1 to D e c 3 1 ________
4 3 ,4 5 8
B o sto n & M a i n e . b ______ D e c 3 ,8 6 1 ,8 9 4
J u ly 1 to D e c 3 1 .............. 2 5 ,6 1 4 ,2 7 8
B u ffa lo & Susq HR. in clu d in g
B u ffa lo & Susq r t j /.b .D e c
1 9 4 ,2 7 2
J u ly 1 to D e c 3 1 1 ,2 2 8 ,3 6 6
C e n tr a l o f N o w J ersey b D e c 3 ,0 2 0 ,2 9 1
J u ly 1 to D e c 3 1 .............. 1 7 ,0 4 1 ,7 5 0
C h e sap e ak o & O h i o . b . - D e c 2 ,9 7 6 ,9 9 3
J u ly 1 to D e c 3 1 ------------1 7 ,9 6 4 ,6 3 2
C h ic B u rl & Q u i n c y . b .- D e c 8 ,1 2 8 ,4 1 4
J u ly 1 to D e c 3 1 ------------5 0 ,7 1 3 ,6 8 5
C h ic a g o M ilw & S t l ’ . b . D e c 6 ,2 6 1 ,3 7 4
J u ly 1 to D e c 3 1 _______ 3 9 ,0 0 4 ,1 6 6
C h ic M ilw & P u g Sd b D e c 1 ,9 5 1 ,9 2 0
J u ly 1 to D e c 3 1 _______ 1 1 ,4 9 8 ,5 9 2
D e la w a r e & H u d s o n . b . - D e c 1 ,9 9 4 ,2 8 7
Jan 1 to D e c 3 1 .............. 2 2 ,4 1 7 ,0 7 0
-------- N et
1 4 ,1 7 7
9 3 ,1 2 9
1 ,3 0 4 ,8 2 5
4 ,2 9 1 ,6 9 4
1 0 ,9 6 0
5 8 ,8 9 5
1 ,2 3 2 ,3 5 8
4 ,0 5 8 ,9 1 0
7 8 ,9 7 6
6 0 6 ,7 3 4
2 4 6 ,0 5 2
1 ,6 6 9 ,4 8 6
3 ,8 0 4
2 1 ,8 7 2
9 7 ,4 4 7
5 5 2 ,9 4 0
4 ,5 2 3
1 7 ,8 0 4
1 ,3 5 4
1 0 ,4 3 8
3 ,7 6 3 ,8 4 2
2 4 ,0 3 9 ,5 3 1
4 9 2 ,6 2 2
6 ,5 3 2 ,1 1 9
6 8 1 ,4 5 4
5 ,9 5 3 ,3 2 9
_
2 0 9 ,8 3 6
3 3 ,9 2 7
2 2 ,6 1 6
1 6 8 ,3 1 8
1 9 6 ,5 2 0
1 ,2 5 5 ,0 2 6
1 ,5 5 8 ,5 6 5
3 ,0 0 1 ,1 1 1
1 ,5 9 6 ,3 0 0
7 ,1 9 3 ,8 6 2
7 ,9 2 2 ,8 2 8
1 5 ,6 4 2 ,7 0 5
8 8 4 ,1 5 3
2 ,8 3 5 ,2 8 2
1 ,0 1 7 ,6 6 5
6 ,0 0 4 ,2 8 2
5 ,9 0 1 ,3 2 3
1 7 ,0 8 3 ,9 1 6
6 ,9 4 2 ,2 5 7
3 ,0 3 7 ,6 6 3
2 .5 6 8 .3 5 5
4 5 ,9 7 0 ,7 0 0 2 0 ,0 4 1 ,3 4 4 1 6 ,7 4 4 ,2 8 8
2 ,0 1 4 ,8 1 8
5 ,2 9 8 ,5 7 9
1 ,6 9 3 ,9 6 7
3 3 ,3 4 4 ,5 5 5 1 3 ,7 1 0 ,2 6 7
9 ,3 4 7 ,4 1 9
1 .3 7 0 ,7 0 7
5 2 6 ,9 0 1
8 8 1 ,0 5 7
5 ,5 1 4 ,2 4 8
8 ,4 2 3 .8 6 9
3 ,6 1 6 .0 5 3
7 8 5 ,9 9 4
1 ,7 5 3 ,6 2 8
8 6 1 ,3 5 0
8 ,4 1 8 ,7 1 4
2 1 ,3 5 7 ,9 2 4
8 ,6 4 5 ,1 3 2
5 9 8 ,6 5 1
4 6 5 ,4 4 9
D e n v e r & R io G r a n d e a D e c 2 ,0 3 1 ,6 0 2 1 ,8 6 3 ,5 3 6
4 ,1 0 6 ,9 0 0
3 ,2 9 4 ,2 7 2
J u ly 1 to D e c 3 1 .............. 1 3 ,5 5 3 ,6 0 9 1 2 .6 1 9 ,2 5 8
1
0
3
,2
4
4
3 1 ,2 8 5
W e ste rn P a c l f i c .b ---------D e c
4 9 0 ,1 4 4
4 0 2 ,1 5 4
1 ,0 4 2 ,6 2 2
7 2 0 ,3 7 5
J u ly 1 to D e c 3 1 .............. 3 ,3 4 0 ,5 1 9
2 ,9 3 4 ,1 7 1
5 2 ,5 0 4
6 2 ,6 3 5
2 3 4 ,8 2 9
D u lu th So Sh & A t l b - . D e c
2 4 6 ,7 7 9
5 1 4 ,8 4 1
3 7 5 ,4 6 9
1 ,6 5 8 ,9 6 6
Ju ly 1 to D e c 3 1 .............. 1 ,7 2 3 ,7 2 1
2 .2 5 5 .6 7 5
3 ,1 0 0 ,1 2 7
4 ,9 8 4 ,3 0 6
G r e a t N o r t h e r n .b _______ D e c 6 ,5 4 8 ,4 5 4
J u ly 1 to D e c 3 1 .............. 4 4 ,1 1 0 ,7 2 8 3 6 ,6 1 8 ,0 7 6 2 1 ,5 9 2 ,3 5 1 1 8 ,5 4 9 ,6 0 4
G e n osco & W y o m in g b —
O ct
1 to D e c 3 1 ...............
3 8 ,8 7 3
J u ly 1 to D e c 3 1 ________
8 5 ,2 4 7
J an
1 to D e c 3 1 ...............
1 3 8 ,5 3 7
G reen w ich & J o h n so n v b —
O ct
1 to D e c 3 1 ...............
3 5 ,8 1 1
J an
1 to D e c 3 1 ________
6 5 ,4 6 1
J u ly 1 to D e c 3 1 ...............
1 2 3 ,3 7 8
H o c k in g V a lle y b ------------- D e c
6 0 4 ,0 2 4
J u ly 1 to D e c 3 1 _______ 4 ,1 8 0 ,8 9 4
5 4 ,5 4 4
1 0 4 ,0 4 8
2 1 ,0 4 3
4 9 ,4 5 8
7 0 ,0 3 0
8 ,8 9 6
2 9 ,1 8 0
5 5 ,8 0 9
3 4 ,2 3 4
5 6 ,0 9 4
1 1 5 ,0 4 5
5 4 7 ,7 1 8
3 ,8 8 6 ,2 0 3
4 .6 5 5 ,8 3 7
L o u i s v i l l o * N a s h v b - . - D e c 5 ,0 5 4 ,3 0 6
J u ly 1 to D e c 3 1 ...............2 9 ,9 2 6 ,3 1 5 2 8 ,3 2 3 ,1 4 0
1 7 ,7 0 4
3 2 ,2 1 5
5 8 ,1 5 6
2 0 4 ,5 6 1
1 ,6 2 1 ,5 8 9
1 ,3 8 7 ,1 4 4
8 ,5 6 9 ,9 7 7
1 9 ,9 6 2
2 6 ,0 0 5
5 3 ,4 6 5
M in e r a l R a n g e b - - — - - D e c
J u ly 1 t o D e c 3 1 ------------
2 0 ,6 8 4
9 3 ,0 2 0
8 0 9 ,3 4 2
5 ,2 1 0 .8 8 5
7 1 .3 0 5
4 2 9 ,4 9 9
M in n e a p S t P & S S M a D e c 1 .8 5 3 ,5 7 3
J u ly 1 to D e c 3 1 ________ 1 1 ,7 0 2 ,2 6 5
21,102
1 ,3 7 1 ,6 2 7
9 ,1 8 4 ,5 4 3
2 9 9 ,8 0 9
C h ic a g o D iv isio n a ____ D e c
8 9 1 ,3 1 6
6 9 6 ,5 5 6
1 .8 3 6 ,7 7 8
J u ly 1 t o D e c 3 1 ________ 5 ,5 3 1 ,6 6 6
4 ,7 8 6 ,3 1 1
3 5 ,6 3 4
M ississip p i C en tra l b ____ D e c
8 7 ,2 5 8
7 4 ,7 3 2
2 1 8 ,8 3 4
J u ly 1 to D e c 3 1 ..............
5 0 8 ,5 4 1
4 5 2 ,9 1 3
M isso u r i ICans & T e x b . D e c 2 ,9 7 1 ,4 9 2
2 ,5 6 8 .5 5 4 * 1 ,0 3 5 ,0 0 0
J u ly 1 to D e c 3 1 ________ 1 7 ,6 2 4 ,2 8 6 1 5 ,5 5 4 ,5 7 1 * 6 ,3 0 8 ,4 6 7
M isso u r i P a c l f i c .b ______ D e c 5 ,3 7 7 ,8 7 1
4 ,5 8 8 ,7 7 5
1 ,5 3 9 ,4 3 7
J u ly 1 to D e c 3 1 ------------ 3 2 ,8 4 7 ,6 4 6 2 8 ,6 6 7 ,3 1 5
8 ,9 3 0 ,1 0 6
2 4 2 ,3 7 4
N a s h v C h a t t & S t L . b . D e c 1 ,1 0 7 ,6 1 9
9 5 9 ,1 9 5
1 .5 4 1 ,3 0 0
J u ly 1 to D e c 3 0 ------------ 6 ,6 3 0 .5 2 0
6 ,0 8 3 ,1 1 0
N o v a d a -C a l-O r c g o n .b . . D e c
2 8 ,5 6 9
2 1 ,6 9 5
7 ,2 3 0
J u ly 1 to D e c 3 1 ..............
2 4 2 ,2 5 3
1 9 0 ,3 2 0
8 5 ,1 6 9
1 6 6 ,7 0 3
N Y O n t & W e s t a ..............D e c
7 0 5 ,2 4 1
6 9 0 ,4 2 2
& iB £Ju ly 1 to D e c 3 1 .............. 5 .0 4 6 ,3 6 1
4 ,7 7 7 ,3 3 4
1 ,6 2 7 ,2 8 7
C urrent
Year.
Com panies.
1 ,1 7 5 ,1 1 5
6 ,3 5 3 ,2 6 9
1 9 5 ,3 4 8
1 .5 0 4 .6 7 5
1 ,4 7 5 ,5 9 4
9 ,2 7 9 ,6 0 1
1 6 ,0 1 1
7 7 ,4 8 6
5 2 4 ,2 1 5
3 ,8 8 2 ,9 8 0
1 5 9 ,0 2 0
1 ,3 3 6 ,4 2 4
2 9 ,7 7 4
1 8 4 ,7 9 2
* 7 0 9 ,9 5 3
* 4 ,3 0 2 ,2 2 0
1 ,2 2 8 ,6 6 2
6 .1 7 8 .6 7 5
2 1 1 ,3 4 0
1 .4 4 8 .3 5 6
988
6 1 ,3 3 4
1 2 9 ,2 7 7
1 ,2 8 8 ,7 6 2
2 ,4 2 6 ,2 6 3
1 5 ,2 8 2 ,5 2 1
1 ,0 3 8 ,8 3 8
5 ,6 7 1 ,0 0 5
4 3 0 ,9 1 6
2 ,2 6 2 ,1 2 1
9 9 8 ,3 7 5
4 , 8 0 6 ,2 6 2
6 1 2 ,1 7 5
2 .9 8 8 ,3 8 4
5 4 0 ,1 8 9
2 ,8 7 5 ,2 0 6
6 3 ,3 8 5
2 5 7 ,5 2 6
5 6 3 ,9 8 8
2 ,3 6 3 ,2 7 8
1 4 ,8 6 7
1 6 4 ,4 2 7
5 0 7 ,0 3 0
4 ,4 5 2 ,7 7 6
6 8 ,3 8 7
3 2 2 ,5 5 0
6 5 3 ,1 1 3
3 ,1 0 0 ,3 5 3
4 2 0 ,6 0 7
2 ,1 0 3 .8 3 2
1 4 ,6 3 8
1 2 8 ,6 5 0
4 S 2 .9 1 2
3 ,9 8 4 ,4 9 3
E arnings -------- -------- N et E arnings -------C urrent
Previous
Previous
Y ear.
Year.
Year.
S
A b ln g t o n & R o c k la n d E le c t
L ig h t & P ow er b ______ D e c
1 1 ,0 0 9
Jan 1 t o D e c 3 1 ________
1 1 6 ,3 7 9
B la c k sto n e V a l G & E - b D e c
1 2 0 ,3 9 0
Jan 1 to D e c 3 1 ________ 1 ,2 3 7 ,1 3 9
E d ison E le c (B r o ck to n ) b D e c
4 1 ,3 4 8
Jan 1 to D e c 3 1 -----------3 9 4 ,8 9 4
F all R iver G a s W k s b - . D e c
4 1 ,7 8 1
Jan 1 to D e c 3 1 -----------4 6 3 ,5 8 2
H o u g h to n C o E l L t b - . D e c
3 2 ,0 2 5
Jan 1 to D e c 3 1 -----------2 9 8 ,4 0 2
4 0 ,8 4 6
L ow ell E l L t C o r p b ------- D e c
4 2 1 ,5 7 7
Jan 1 to D e c 3 1 -----------3 6 8 ,7 7 5
Southern C a l E d i s o n . . - D e c
Jan 1 to D e c 3 1 ------------ 4 ,3 4 0 ,5 0 1
$
S
1 ,5 0 9
1 8 ,7 0 9
4 8 ,4 5 2
3 9 1 ,5 7 4
1 7 ,4 3 3
1 4 6 ,9 0 5
1 3 ,8 9 3
1 4 0 ,2 0 1
9 ,2 6 6
1 0 4 ,1 6 9
1 1 0 ,2 6 9
1 ,1 2 7 ,1 8 3
3 7 ,0 7 5
3 5 3 ,9 3 3
3 9 ,6 5 8
4 3 5 ,8 2 0
3 1 ,5 4 1
2 9 2 ,5 8 9
3 8 ,3 5 2
4 1 2 ,3 0 9
1 6 ,3 9 3
1 3 4 ,6 2 4
3 4 9 ,1 8 5
3 ,7 3 8 ,1 6 5
2 0 1 ,2 5 4
2 ,0 1 1 ,4 1 5
1 6 ,2 6 6
1 4 9 ,6 6 2
$
1 ,9 5 5
2 3 ,8 5 7
4 1 ,0 9 8
3 3 3 ,0 3 9
1 4 ,9 4 6
1 1 7 ,5 2 9
1 3 ,1 1 3
1 3 9 ,6 5 9
1 7 ,3 2 7
1 3 8 ,7 0 5
1 4 ,8 9 3
1 4 4 ,6 2 5
1 7 4 ,0 1 5
1 , 9 0 2 ,2 8 0
a N e t earnings here g ive n aro after d ed u c tin g ta x e s,
b N o t earn ings here g ive n are b efore d ed u c tin g ta x e s .
k A fte r allo w in g for ou tsid e o p eration s a n d ta x e s , o p e r a tin g in co m e fo r
D e c 19 12 w as $ 8 9 4 ,2 0 5 . a gain st $ 6 0 0 ,0 7 4 , a n d fr o m J u ly 1 t o D e c . 3 1 w a s
$ 5 ,6 1 3 ,9 2 9 in 1 9 1 2 , again st $ 3 ,7 4 0 ,0 0 4 la st y e a r.
n T h e se figu res rep resent 3 0 % o f gross earn ings.
In terest
C h arges
—
Roads.
S
1 1 0 ,2 2 3
B an go r & A r o o s t o o k ------- D e c
6 6 7 ,0 3 9
J u ly 1 to D e c 3 1 -----------B u ffa lo & S usq RR, in clu d in g
B u ffa lo & S u sq Ry ___ D e c
9 ,4 0 1
5 6 ,7 6 4
J u ly 1 to D e c 3 1 -----------C e n tr a l o f N e w J e r s e y ..D e c
5 0 5 ,3 6 8
J u ly 1 to D e c 3 1 ------------ 3 ,2 1 8 ,5 7 3
5 7 7 ,6 6 2
D e n v e r & R io G r a n d e .- D e c
J u ly 1 to D e c 3 1 ------------ 3 ,3 4 1 .6 8 1
1 0 5 ,9 9 3
D u lu th S o Shore & A t l . . D e c
6 1 1 ,3 8 3
J u ly 1 to p e c 3 1 -----------G on ese o & W y o m in g —
O ct
1 to D e c 3 1 -----------J u ly 1 to D e c 3 1 -----------Jan
1 to D e c 3 1 -----------G r e en w ic h & J o h n so n v —
O ct
1 t o D e c 3 1 _______
Jan
1 to D o c 3 1 -----------J u ly 1 to D e c 3 1 -----------M in e r a l R a n g e -----------------D e c
J u ly 1 to D e c 3 1 -----------M isso u r i P a c ific ---------------D e c
Ju ly 1 to D e c 3 1 -----------N o v a d a -C a l-O r e g o n --------D e c
J u ly 1 to D e c 3 1 -----------N Y O n ta r io & W e s t e r n .D e c
J u ly 1 to D e c 3 1 -----------N o r fo lk & W e s te r n ---------- D e c
J u ly 1 t o D e c 3 1 -----------R io G r a n d e J u n c tio n — N o v
D e c 1 t o N o v 3 0 ________
S t L ou is Iron M t & S o u .D e c
J u ly 1 to D e c 3 1 _______
and
S u r p lu s .
I n t ., R entals, & c . ---------- B al. of N et E a rn s .—
Previous
C urrent
Previous
C urrent
Y ear.
Y ear.
Y ear.
Y ear.
1 5 ,5 9 7
3 0 ,1 7 0
4 6 ,9 2 3
$
$
1 0 5 ,6 4 1
6 3 2 ,7 4 9
z l3 ,3 5 6
2 1 3 ,2 8 1
2 d e f9 ,3 4 2
2 7 3 .8 1 4
9 ,6 9 8
2 3 3 ,8 9 5
2 4 0 ,3 3 5
6 0 ,0 4 1
2 2 6 8 ,5 2 0
2 2 1 1 ,2 1 8
5 5 7 ,4 1 6
1 ,0 5 3 ,1 9 7
1 ,0 3 8 ,8 8 4
3 ,1 7 8 ,8 0 4
4 , 7 0 4 ,2 5 5
4 ,0 1 5 ,0 5 8
5 1 7 ,8 9 2
d l 8 7 ,8 1 2
d 9 9 ,0 9 6
3 ,0 7 6 ,7 7 2 d l , 3 6 9 ,7 4 0
d 7 4 0 ,5 6 0
9 2 ,2 9 4 2 d e f5 1 ,0 5 0 2 d c f 2 7 ,0 0 8
5 7 6 ,5 9 4 2 d e f2 2 7 ,0 5 8 2 d e f3 7 ,0 0 3
8 ,8 6 1
1 6 ,6 0 6
3 1 ,4 9 2
5 ,4 4 6
1 9 ,2 8 8
2 3 ,1 0 7
35
1 2 ,5 7 4
2 4 ,3 1 7
7 0 5 ,7 4 9
4 ,3 5 1 ,0 9 5
2 1 2 ,0 5 3
210,886
8 ,6 1 9
2 1 2 ,6 6 2
2 1 7 ,2 7 0
1 5 ,7 5 9
2 1 7 ,0 6 8
2 2 5 ,8 2 4
3 9 ,4 6 8
26 ,1 0 2
2 1 0 ,6 9 6
1 0 ,0 5 7
2 1 0 ,0 0 4
2 2 3 ,2 9 6
7 3 ,1 4 7
2
2
6 6 .1 9 1
2 2 4 3 ,3 7 5
1 ,2 3 3 ,1 2 0
2 9 7 5 ,9 4 0 2 1 ,4 3 5 .0 4 2
8 ,6 7 0 ,1 2 5
2 5 8 9 d e f .2 4 ,6 5 7
6 ,0 8 8
2 3 1 ,7 4 4
2 4 6 ,7 6 3
3 1 ,5 2 6
1 9 ,7 1 1
4 8 .8 7 8
1 0 9 ,5 6 6
6 0 8 ,8 0 0
9 0 7 ,9 5 0
6 7 9 ,9 6 2
2 8 0 6 ,1 7 3
4 7 7 ,5 1 7 2 1 ,1 0 5 ,9 0 0
2 ,8 5 7 ,5 8 7 2 6 ,0 8 3 ,0 6 9 2 4 ,9 8 2 ,1 3 3
2 3 ,9 9 2
2 6 ,9 9 7
8 ,3 3 3
1 9 7 ,2 7 9
2 2 3 ,4 2 0
100,000
2 3 5 7 ,0 0 5
2 3 5 2 ,2 0 2
6 1 8 ,4 0 9
2 7 8 4 ,4 0 4
4 ,1 4 6 ,8 6 7 2 1 ,4 6 7 ,1 2 4
2 3 1 ,0 9 8
S t L o u is S o u t h w e s t e r n ..D e c
J u ly 1 t o D o c 3 1 ________ 1 ,3 6 6 ,5 7 8
T o le d o P eoria & W e s t ____D e c
2 6 ,4 0 7
1 4 4 ,8 0 8
J u ly 1 to D e c 3 1 ________
2 2 7 6 ,6 1 7
2 2 9 0 ,3 2 3
2 0 8 ,0 1 9
1 ,1 8 2 ,6 0 2 2 1 ,3 6 4 ,0 7 8 2 1 ,3 2 0 ,4 3 5
2 3 ,9 7 1 z d e f .9 ,1 6 4 2 d e f.5 ,5 9 3
2 2 ,9 1 5
2 4 0 ,8 7 1
1 4 4 ,1 4 0
7 ,4 7 5
1 6 ,3 1 4
3 5 ,1 5 2
10,220
7 2 ,2 3 4
1 ,4 7 6 ,1 6 1
9 ,0 2 0 ,5 1 8
6 ,8 3 9
4 1 ,4 6 3
1 1 7 ,8 2 5
7 1 9 ,3 3 7
4 5 8 ,9 9 7
2 ,7 5 7 ,2 0 6
8 ,3 3 3
100,000
IN D U S T R IA L
6 3 ,6 9 0
3 7 4 ,8 2 3
n 3 5 ,3 3 0
n 3 2 3 ,4 2 0
1 ,5 7 0 ,5 2 1
1 1 ,1 3 9 ,9 3 6
1 ,6 1 4 ,1 4 1
7 ,4 2 9 ,8 2 3
3 5 3 ,2 9 8
2 ,4 0 7 ,4 3 4
n .3 2 ,3 2 5
n 2 9 7 ,2 7 9
1 ,5 9 5 ,4 9 9
9 , 7 2 5 ,3 7 9
C O M P A N IE S .
------- Gross
S
$
$
5 1 ,4 4 6 ,1 9 4 4 3 ,8 7 0 ,2 7 1 7 ,5 7 5 .9 2 3
N et
1 ,3 6 8 ,8 7 8
8 ,1 6 3 ,4 9 4
3 9 2 ,1 3 3
2 ,2 2 6 ,4 7 4
S eab oard A ir L in e a ____ D e c 2 ,1 6 5 ,5 9 6
1 ,9 9 2 ,4 6 3
J u ly 1 to D e c 3 1 _______ 1 1 ,6 5 5 ,2 6 9 1 1 ,1 5 1 ,6 8 6
Sou th ern R a ilw a y — G a S ou & F lo r id a .b . - D e c
2 4 0 ,4 2 4
2 3 4 ,6 5 2
J u ly 1to D e c 3 1 _________ 1 .2 6 6 .7 7 6
1 ,2 4 6 .1 6 8
T e x a s & P a c ific . b ________D e c 1 ,8 4 6 ,9 9 3
1 ,8 0 7 ,9 1 1
J u ly 1
to D e c 3 1 ______ 9 ,9 0 7 ,0 7 0
9 ,2 0 5 ,6 7 4
T o le d o P eoria & W e s t .b .D e c
1 1 9 ,7 5 9
1 0 6 ,9 1 5
7 2 4 ,8 1 1
6 5 6 ,0 7 8
J u ly 1
to D e c 3 1 ______
IN D U S T R IA L
F o r th o m o n th o f J a n u a r y th e re tu r n s o f 2 7 ro a d s s h o w as
1913.
S t L o u is S ou th w estern a D e c 1 ,2 8 1 ,0 9 1
J u ly 1 to D e c 3 1 _______ 7 ,0 8 0 ,6 6 2
W a b a s h b ........... .................... D e c 2 ,6 7 2 ,6 1 3
J u ly 1 to D e c 3 1 ________1 6 ,8 7 9 ,9 4 4
fo llo w s :
M onth of J a n u a ry .
N o r fo lk & W e s t e r n .b ___ D e c 3 ,5 6 6 ,5 1 0
3 ,2 5 7 ,2 4 5
J u ly 1 to D e c 3 1 .............. 2 2 ,1 3 8 ,9 3 6 1 9 ,9 8 5 ,5 7 1
P ere M a r q u e t t e .b ______ D e c 1 ,5 6 6 ,6 4 6
1 ,5 2 0 ,6 8 0
J u ly 1 to D e c 3 1 _______ 9 ,2 4 9 ,8 4 9
9 ,0 9 3 ,7 2 7
R io G r a n d e J u n c tio n ___ N o v
1 1 7 ,7 6 7
1 0 7 ,7 4 9
D e c 1 to N o v 3 0 _______ 1 ,0 7 8 ,0 6 7
9 9 0 ,9 3 1
R o c k Island L i n e s .b - . - D e c 6 ,1 1 4 ,6 1 9
5 ,5 5 2 ,3 1 0
J u ly 1 to D e c 3 1 _______ 3 8 ,2 2 1 ,9 2 3 3 4 ,1 3 5 ,7 8 1
S t L o u is Iron M t & So b D e c 3 ,0 0 4 ,3 9 6
2 ,6 9 4 ,2 5 1
J u ly 1 to D e c 3 1 _______ 1 7 ,6 8 0 .6 4 4 1 5 .5 9 8 ,3 6 4
1 8 ,6 1 9 ,7 2 8 1 7 ,0 0 1 ,5 0 0 1 ,7 0 6 ,3 3 3
.................... 1 ,6 1 8 ,2 2 8
........I
T o t a l (2 8 r o a d s )------N e t increase ( 9 . 5 2 % ) .
Roads.
—
Companies.
A b ln g to n & R o c k la n d E le c t
L ig h t & P o w e r -------------- D e c
J an 1 to D e c 3 1 -----------B la c k sto n e V a l G & E l . . D e c
J an 1 to D e c 3 1 -----------E d ison E le c ( B r o c k t o n ) .D e c
J an 1 to D e c 3 1 -----------F all R iv e r G a s AVks--------D e c
Jan 1 t o D e c 3 1 .............H o u g h to n C o E l L t --------D e c
Jan 1 to D e c 3 1 -----------L ow ell E le c L t C o r p ------- D e c
Jan 1 t o D e c 3 1 ________
S outhern C a l E d is o n ___ D e c
Jan 1 t o D e c 3 1 ________
C O M P A N IE S .
I n t., Rentals, <Sc.---------- B al. of N et E a rn s .—
Previous
Previous
C urrent
C urrent
Year.
Y ear.
Year.
Year.
$
$
$
274
2 ,4 2 6
1 6 ,3 7 0
1 3 0 ,0 0 7
2 ,3 3 5
2 4 ,2 2 7
1 ,0 1 0
8 ,5 1 6
3 ,5 0 8
4 2 ,1 0 0
892
1 7 ,1 3 4
4 1 ,9 4 3
7 0 1 ,4 4 1
18 7
2 ,2 5 0
8 ,7 6 9
1 0 3 ,9 2 5
1 ,9 9 4
2 2 ,0 9 0
741
6 ,6 9 5
3 ,5 0 9
4 2 ,1 0 0
1 ,5 5 9
1 8 ,5 8 8
2 1 ,9 0 7
6 2 4 ,8 2 9
1 ,2 3 5
1 6 ,2 8 3
3 2 ,0 8 2
2 6 1 ,5 6 7
1 5 ,0 9 8
1 2 2 ,6 7 8
1 2 ,8 8 3
1 3 1 ,6 8 5
1 2 ,8 8 5
9 2 ,5 2 4
1 5 ,3 7 4
1 3 2 ,5 2 8
1 5 9 ,3 1 0
1 ,3 0 9 ,9 7 4
1 ,7 6 8
2 1 ,6 0 7
3 2 ,3 2 9
2 2 9 ,1 1 4
1 2 ,9 5 2
9 5 ,4 3 9
1 2 ,3 7 2
1 3 2 ,9 6 4
1 3 ,8 1 8
9 6 ,6 0 5
1 3 ,3 3 4
1 2 6 .0 3 7
1 5 2 ,1 0 8
1 ,2 7 7 ,4 5 1
2 A fte r allo w in g for o th er in com e r ec eiv e d .
, „
d T h e se figu res aro after allo w in g fo r o th e r in com e an d for d isco u n t an d
oxclian go.
T h o su m o f $ 1 0 ,0 0 0 is d ed u c ted ev ery m o n th fr o m su rp lu s an d
p laced to tho credit o f renew al fu n d .
$ 1 0 ,0 0 0 is also d ed u c te d each m o n th
for tho refu n d in g m o rtg a g e sin kin g fu n d .
4IG
E L E C T R IC
N am e o f
Road.
THE CHRONICLE
R A IL W A Y A N D
Jan. 1 to latest date.
Current
Year.
Previous
Year.
Current
Year.
4 of,8 7 8
23.407
155,453
61,681
14,384
37,094
1881,556
7,849
2103,071
34,387
55,604
82,004
91,293
30,397
97,177
48,278
650,441
120,053
174,240
205,056
52,818
91.687
224,023
81,228
172,704
183,391
100,776
50,366
$
3 7 6 ,1 9 5
2 2 ,8 4 0
1 4 3 ,1 7 8
5 0 ,2 3 4
1 2 ,4 5 3
3 3 ,7 8 5
$
3 6 0 ,5 5 1
1 ,9 1 3 ,0 2 7
6 4 9 ,6 9 5
1 4 7 ,3 8 1
4 2 5 ,0 2 8
Previous
Year.
3 4 2 ,1 2 9
1 ,7 8 4 .1 6 2
5 4 1 .7 3 1
1 1 9 ,4 7 6
3 8 6 ,6 3 1
'8 '0 4 0
1 2 0 ,0 0 8
119',201
1 9 4 4 ,3 2 9 2 0 .3 7 1 ,2 0 8 1 9 ,4 4 1 .9 9 6
3 1 ,4 1 8
3 6 0 ,2 9 6
1 5 5 ,7 9 1
5 5 ,5 9 1
5 4 0 ,3 5 5
5 3 2 ,0 1 3
7 5 ,8 9 0
9 1 8 ,9 3 1
8 6 8 ,4 3 3
7 8 ,7 1 1
9 6 9 ,2 2 0
8 5 9 ,6 4 5
2 8 ,1 7 4
3 6 6 ,1 4 4
3 8 6 ,9 6 7
9 3 ,4 1 4 ’ 1 ,1 8 2 ,1 5 6 1 ,1 2 8 ,6 2 2
4 6 ,3 1 8
5 4 0 ,5 6 4
4 9 2 ,3 2 5
5 5 0 ,5 2 1 6 ,3 8 9 ,9 1 8 5 ,5 1 9 ,6 4 0
1 0 1 ,4 0 6 1 .3 6 8 ,7 3 8 1 .2 0 6 .1 4 4
1 5 2 ,9 2 6 1 ,8 2 1 ,5 6 2 1 ,6 3 2 ,2 9 1
1 6 7 ,9 2 8
4 1 0 ,0 0 4
3 3 2 ,8 6 8
5 4 .3 2 2
5 1 2 ,5 1 0
5 1 0 ,9 2 8
9 3 .2 1 7
9 8 0 .1 1 3 1 ,0 3 5 .2 5 4
1 9 7 ,9 6 6 2 .2 2 4 ,2 4 6 2 ,0 7 6 ,4 4 5
7 3 ,4 9 4
6 9 1 ,6 0 7
7 9 3 ,3 2 0
1 4 9 ,5 5 3 1 ,5 0 3 ,5 3 3 1 ,3 3 4 ,3 1 2
1 3 7 ,1 0 4 2 ,0 2 7 ,6 5 6 1 ,5 2 3 ,1 6 9
9 4 .3 2 3 1 ,1 2 6 ,6 1 0 1 ,0 6 0 ,7 8 4
4 7 ,1 8 4
2 3 2 ,5 7 6
2 5 7 ,6 0 3
4 8 .4 2 0
4 2 ,4 2 0
2 6 .4 2 1
2 4 ,8 1 4
3 2 0 ,5 7 1 ' 2 6 9 ,5 98
7 0 1 ,3 3 5 ' 6 3 5 ,6 3 8
2 9 6 2 ,8 2 8 2 8 4 5 ,096
4 8 ,6 2 6
51 ,0 9 0
1 1 3 .0 6 9 10 9 ,791
1 0 2 ,8 0 9
8 5 ,0 4 5
1 6 ,8 1 4
15 .33 I
4 8 1 ,0 9 4 4 4 9 ,68 7
9 6 ,3 9 7
87 ,200
7 1 ,7 3 1
67 ,6 5 2
4 6 ,0 9 8
29 .69 7
3 4 ,1 3 1
32 ,5 1 6
1 1 4 ,4 3 0 105 ,37 0
1 1 5 4 ,4 1 8 1144 ,96 6
1 4 .8 0 9
13 ,075
2 5 9 ,8 8 1 2 3 9 ,373
1 7 0 ,9 3 3 143 ,155
5 .7 2 7
5, ,083
2 7 ,8 7 8
2 6 ,835
2 3 ,8 3 7
24, 3 0 7
2 0 6 5 ,8 3 0 1964, ,271
5 7 0 ,8 6 3 54 1 , 9 3 4
7 1 0 ,3 0 8
3 0 ,4 0 6
2 7 ,4 9 9
1 0 0 ,7 8 7
3 6 ,9 3 7
6 8 ,4 4 7
8 6 ,7 4 7
1 4 ,9 5 2
2 0 ,1 7 6
2 1 ,6 7 5
6 6 ,7 9 7
3 3 2 ,4 2 0
2 8 3 ,1 0 2
1 5 7 ,1 8 1
9 4 ,5 7 7
3 2 ,5 1 2
6 2 ,0 7 9
8 3 ,3 9 4
1 0 ,7 2 1
1 7 ,7 7 5
1 9 ,7 4 6
6 6 ,3 9 0
3 1 4 ,8 1 3
2 5 0 ,6 1 0
1 4 5 ,8 5 3
-----Gross Earnings----Current
Previous
Year.
Year.
$
C O M P A N IE S .
Roads.
Latest Gross Earnings.
Week or
Month.
A m e rica n R y s C o ___ N o v e m b e r
A tla n t ic S h ore R y ___ D e ce m b er
c A u r E lg in & C h ic R y D e ce m b er
B a n g o r R y & E le c C o N o v e m b e r
B a to n R o u g e E le c C o D e ce m b er
B in g h a m to n R a ilw ay D e ce m b e r
B razilian T r a c , L & P D e ce m b er
B r o c k & P ly m S t lt y _ D e ce m b er
B k ly n R a p T r a n S y st O c to b e r . .
C a p e B r e to n E le c R y D e ce m b er
C e n t P ark N & E R iv O c to b e r . .
C e n tr a l P en n T r a c . . D e ce m b er
C h a tta n o o g a R y & L t N o v e m b e r
C le v e P a in e sv & E a s t D e ce m b er
C le v S o u th w & C o lu m D e ce m b e r
C o lu m b u s (G a ) E l C o D e ce m b er
C om m o n w P ,R y & L t D ecem ber
C o n e y Is l'd & B k l y n . O c to b e r . .
D a lla s E le ctr ic C o r p . D e ce m b e r
D e tr o it U n ite d R y . _ 2 d w k Jan
D D E B & B a t t ( R e c ) O c to b e r . .
D u lu th -S u p e r io r T r a c N o v e m b e r
E a s t S t L o u is & S u b . N o v e m b e r
E l P a so E le c tr ic C o s . D e ce m b e r
4 2 d S t M & S t N A v o . O c to b e r _ .
G a lv -I I o u s E le c C o . . D e ce m b e r
G r a n d R a p id s R y C o N o v e m b e r
H a v a n a E le ctr ic R y . W k F o b I
H o n o lu lu R a p id T r a n
& L a n d C o _________ N o v e m b e r
H o u g h to n C o T r C o . D e ce m b e r
H u d so n & M a n h a t ta n O cto ber _ .
Illin ois T r a c t i o n _____ D e ce m b er
In te rb o ro R a p T r a n . D e ce m b e r
J a ck son ville T r a c C o . D e ce m b e r
L a k e sh ore E le c R y . . D e ce m b e r
L e h ig h V a lle y T r a n sit J a n u a ry _ .
L o n g Isla n d E le c t r ic . O c to b e r . .
M ilw E l R y & L t C o . N o v e m b e r
M ilw L t , f i t & T r C o N o v e m b e r
M o n o n g a h e la V a lT r a c D e c e m b e r
N Y C it y I n t e r b o r o .. O c to b e r . .
N Y & L o n g Isl T r a c . O c to b e r . .
O c to b e r . .
N Y & Q u ee n s C o —
N o w Y o r k R a ilw a y s . N o v e m b e r
N o r t h a m E a sto n & W N o v e m b e r
N o r t h O h io T r a c & L t D e ce m b e r
N o r t h T e x a s E le c C o . D e ce m b e r
O c ea n E le c tr ic ( L I ) . O c to b e r . .
P a d u c a h T r a c & L t C o D e ce m b er
P en sacola E le ctric C o D e ce m b er
P h lla R a p id T r a n s C o D e ce m b er
P o r t (Ore) R y , L & P C o. N o v e m b e r
P u g e t Sd T r a c . L & P N o v e m b e r
R ic h m o n d L t & R R . O c to b e r . .
S t Joseph ( M o ) R y .L t
H e a t & P ow er C o . N o v e m b e r
S a n tiago E l L t & T r . D e ce m b e r
S a v a n n a h E le ctr ic C o D e ce m b e r
S econd A v e n u e (R e c) O c to b e r . .
S ou th e rn B o u le v a r d . O c to b e r . .
S ou W isc o n sin R y C o D e ce m b er
S ta te n I s l’d M id la n d . O c to b e r . _ .
T a m p a E le ctr ic C o . . D e ce m b e r
T h ir d A v e n u e _______ O c to b e r . .
T r i-C it y R y & L t C o . O c to b e r . .
T w in C it y R a n T r a n . 3 d w k Jan
U n d ergrou n d E le c R y
o f London—
T h r e e tu b e lines . . W k F e b 1
M e tr o p o lit a n D i s t . W k F e b 1
U n ite a T r a m w a y s . W k F e b 1
L ondon G e n ’l B u s . W k Feb 1
U n io n R y C o o f N Y C O c to b e r . .
U n io n R y G & E C o (I H ). D e c e m b e r
U n ite d R y s o f S t L . . D e ce m b e r
U n ite d It R s o f S an Fr D e ce m b er
W e s tc h e s te r E le c tr ic . O c to b e r _ .
Y o n k e r s R a ilr o a d ___ O c to b e r: . .
Y o u n g s t & O h io l t i v . D e ce m b e r
Y o u n g s to w n & S outh N o v e m b e r
v T h ese
T R A C T IO N
[V o l . XCVI
5 1 2 ,3 8 7
4 5 2 ,1 4 7
3 0 0 ,9 6 3
3 0 7 ,5 0 6
2 ,9 7 6 ,7 1 6 2 ,4 5 8 ,4 1 6
7 ,3 7 9 ,1 8 2 6 ,8 6 0 ,9 6 7
3 2 .1 3 2 ,6 9 2 3 0 ,3 3 1 ,5 8 3
5 6 7 ,5 4 8
5 6 2 .5 3 7
1 .3 2 6 ,8 8 3 1 ,2 7 5 ,4 7 6
8 1 ,0 4 5
1 0 2 ,8 0 9
1 9 0 ,0 2 7
1 8 1 ,3 4 8
5 .0 5 0 ,0 1 7 4 .5 7 2 .1 4 5
1 ,1 3 9 ,3 5 0 1 .0 3 0 ,8 7 2
8 4 7 ,8 9 6
7 4 2 ,2 9 4
3 7 6 ,6 9 6
2 4 8 ,7 2 0
3 3 3 ,5 2 3
3 3 3 ,0 2 3
1 .1 2 2 .2 0 5 1 ,0 5 8 ,2 4 7
1 2 ,5 9 0 ,7 5 5 1 2 ,5 0 8 ,0 3 8
1 5 4 .7 6 5
1 6 8 .8 4 0
2 ,9 9 6 ,0 3 7 2 ,6 9 4 .0 2 4
1 ,7 9 0 ,7 6 2 1 ,6 2 2 .8 7 5
1 1 5 .7 3 2
1 3 1 .7 4 8
2 7 5 ,2 9 6
2 8 6 .5 3 7
2 8 6 ,7 1 5
2 8 5 ,4 2 9
2 3 ,2 8 2 ,3 0 4 2 2 ,1 4 1 ,3 3 8
6 ,0 5 5 ,4 5 2 5 .7 8 0 ,3 0 6
7 .5 8 8 .2 0 6
310,846
3 2 3 .6 2 3
1 ,0 6 8 ,9 6 5
4 0 4 ,2 2 7
7 4 7 .0 5 8
8 2 4 ,5 1 1
1 2 5 ,2 4 1
2 2 6 ,4 9 3
2 5 1 ,6 5 8
7 5 3 ,8 3 5
3 ,1 9 0 ,8 1 7
2 ,5 7 3 ,1 7 4
4 6 1 ,6 1 2
9 9 7 .8 8 4
3 5 6 ,9 1 6
6 9 6 .6 6 8
7 8 4 ,0 8 7
1 0 5 ,8 3 3
1 9 8 .6 6 9
2 4 3 ,2 3 2
6 9 1 ,3 2 3
3 ,0 5 8 ,8 9 8
2 ,3 4 2 ,0 3 8
4 2 4 ,8 5 4
£ 1 5 .0 5 0 £ 1 4 ,8 4 5
£ 7 5 ,5 4 5
£ 7 5 ,2 4 0
£ 1 3 ,3 1 7 £ 1 2 ,5 3 8
£ 6 3 ,3 0 2
£ 6 6 ,9 1 3
£ 4 ,7 6 2
£ 5 ,1 7 3
£ 2 6 ,4 4 1
£ 2 7 .1 5 3
£ 5 1 ,9 7 4 £ 3 4 ,7 2 7
£ 2 7 0 ,7 0 7
£ 1 8 6 ,5 7 7
2 1 8 ,3 1 0 2 0 6 ,8 5 0 2 ,1 3 0 ,9 5 3 2 ,0 7 7 ,7 4 9
4 3 8 ,1 6 8 3 2 5 ,3 1 4 3 ,9 9 2 ,1 3 4 3 ,1 9 0 ,1 1 1
1 0 4 9 ,8 3 5 1 0 2 1 ,0 4 4 1 2 ,2 5 1 .0 9 1 1 1 .9 1 4 ,1 5 3
7 5 9 ,1 9 8 7 0 1 .0 0 4 8 ,4 7 1 ,6 1 7 7 ,8 8 6 ,1 3 6
5 1 0 ,3 6 7
4 9 5 ,5 5 1
4 6 ,6 3 2
4 8 ,7 3 0
6 1 3 ,4 5 0
5 6 5 .1 1 0
5 9 ,0 6 3
6 5 ,5 3 3
2 3 9 ,5 2 7
2 3 4 ,4 5 9
1 8 ,9 6 5
2 0 ,0 6 8
1 3 4 ,5 9 4
152,851
1 1 ,7 5 7
1 3 ,5 4 3
Jan 1 t o D e c 3 1 . .
R ic h m o n d L ig h t & R R .
J u ly 1 to S ep t 3 0 . .
Jan 1 to S ep t 3 0 . .
S ta te n Isla n d M id la n d .
J u ly 1 to S ep t 3 0 . .
Jan 1 to S ep t 3 0 . .
T h ir d A v e n u e , a —
J u ly 1 to S opt 3 0 . .
Jan 1 to S ep t 3 0 . .
$
S
$
6 ,3 9 4
4 3 ,5 9 0
8 ,0 4 0
1 1 9 ,2 0 1
$
6 ,7 3 3
5 9 ,4 7 5
1 .1 4 2 ,9 8 1
4 ,1 0 7 ,4 8 2
379
2 9 ,1 3 6
6 ,4 1 3 ,8 4 5
3 1 ,4 1 8
1 5 5 ,7 9 1
3 8 ,6 9 7
3 7 3 ,6 9 8
4 6 ,3 1 8
4 9 2 ,3 2 5
3 ,0 4 2 ,9 2 9
1 8 ,2 6 4
1 6 5 ,2 9 6
1 6 ,0 1 7
1 4 3 ,5 3 1
2 6 ,9 6 8
2 7 2 ,3 3 6
2 ,8 9 1 ,3 0 3
1 5 ,6 2 0
1 5 5 ,7 9 1
1 5 ,8 8 5
1 3 6 ,1 8 2
2 5 ,1 4 3
2 4 8 ,7 4 1
3 9 4 ,7 6 0
1 ,1 0 4 ,7 3 9
1 5 1 ,5 5 6
1 ,4 9 6 ,1 7 7
2 0 7 ,7 3 0
3 5 9 ,3 8 7
7 3 ,1 8 0
7 1 4 ,6 1 2
2 4 ,8 1 4
3 0 0 ,9 6 3
6 3 5 ,6 3 8
6 ,8 6 0 .9 6 7
1 0 ,4 6 1
1 3 2 ,7 7 1
3 1 7 ,3 9 0
3 ,1 0 7 ,1 7 3
1 1 0 ,5 5 7
2 8 7 ,0 8 5
6 6 ,8 8 5
6 0 9 ,0 8 2
1 0 ,9 0 1
1 2 2 ,5 5 2
2 8 6 ,6 4 0
2 ,8 1 1 ,0 2 7
5 1 ,0 9 0
5 6 7 ,5 4 8
1 3 ,3 0 9
1 4 4 ,7 1 7
1 5 ,4 4 2
1 8 4 ,0 2 6
5 ,1 5 8
5 6 ,4 9 0
2 1 ,3 9 5
2 1 9 ,1 0 1
6 ,0 7 2
6 1 ,8 3 0
8 1 ,2 1 2
2 1 9 ,0 2 2
2 2 ,4 8 8
6 3 ,8 7 8
1 6 ,7 7 2
4 0 ,0 9 2
1 1 9 ,1 5 5
2 9 9 ,3 9 3
1 2 3 ,3 2 8
3 0 0 ,5 0 8
2 9 ,1 7 4
4 9 ,9 1 3
4 2 ,8 2 4
9 6 ,7 7 5
N . Y & Q u een s C o u n t y .a —
3 7 6 ,1 1 2
J u ly 1 to S ep t 3 0 -----------pj
J an 1 to S ep t 3 0 ------------ 1 ,0 0 7 ,7 7 5
2 7 ,8 7 8
Paducah T ra c & L ig h t .b D oc
fei.ts.Jan 1 t o D e c 3 1 ________
2 8 6 ,5 3 7
3 6 5 ,2 8 1
9 5 2 .8 7 6
2 6 ,8 3 5
2 6 5 ,2 9 6
5 7 ,6 6 4
d e f2 ,9 2 7
1 1 ,2 4 6
9 3 ,8 6 3
1 2 ,0 2 9
1 0 4 ,5 4 7
C a p e B r e to n E l e c t r i c .b .D e c
3 4 ,3 8 7
3 6 0 ,2 9 6
Jan 1 t o D e c 3 1 ________
C a rolin a P ow er & L t . a . -D e c
4 3 ,6 5 9
Jan 1 t o D e c 3 1 ..............
4 4 6 ,0 1 9
C o lu m b u s ( G a ) E l C o . b . D e c
4 8 ,2 7 8
Jan 1 t o D e c 3 1 ----------5 4 0 ,4 6 5
C o n e y Isla n d & B k l y n . a —
fcfe J u ly 1 t o S ep t 3 0 ..............
5 2 8 ,7 9 7
Jan 1 t o S ep t 3 0 ------------ 1 ,2 2 4 ,6 3 6
F ederal L ig h t & T r a c t . . D e c
1 7 3 ,8 6 6
Jan I to D e c 3 1 _______ 1 ,7 2 2 ,6 4 8
H o u g h to n C o T r a c t . b . - D e c
2 6 ,4 2 1
Jan 1 to D e c 3 1 _______
3 0 7 ,5 0 6
Illin ois T r a c t i o n .a ______ D e c
7 0 1 ,3 3 5
Jan 1 t o D e c 3 1 _______ 7 ,3 7 9 ,1 8 2
J ack son ville T r a c t . b ___ D e c
4 8 ,6 2 6
|«t- Jan 1 t o D e c 3 l _______
5 6 2 ,5 3 7
K e y W e s t E le c t C o . b — D e c
1 2 ,9 4 5
BM.> J » n 1 t o D e c 3 1 . ............
1 4 4 ,2 5 5
N » Y C it y I n te r b o r o u g h .a —
l J u ly 1 t o S ep t 3 0 _______
1 1 7 ,0 8 2
J an 1 to S opt 3 0 ________
3 3 0 ,5 9 8
■
N lY j"& L o n g Isla n d T r a c t , a —
1 2 ,4 5 3
1 1 9 ,4 7 6
2 4 ,3 0 7
2 8 6 ,7 1 5
9 ,6 5 4
1 0 8 ,9 7 0
9 ,3 5 9
1 0 7 ,5 5 3
-------
....
1 2 5 ,8 4 9
2 9 3 ,2 1 7
1 2 3 .6 0 0
2 8 3 ,3 4 6
3 8 ,7 1 7
4 1 ,2 8 2
4 5 ,8 7 5
3 0 ,1 8 5
— —
_____
1 0 6 ,6 4 3
2 2 9 ,9 8 3
1 0 6 ,0 5 7
2 2 3 ,4 8 4
4 0 ,7 2 8
6 1 ,0 3 2
4 3 ,9 2 0
4 2 ,6 7 1
_____
9 7 4 ,8 1 4
9 6 5 ,1 1 6
2 ,7 4 4 ,0 8 7
4 1 8 ,2 0 5
2 ,2 3 2 ,1 1 5
7 0 1 ,0 0 4
4 ,0 6 5 ,0 0 2
3 8 4 ,2 1 7
1 ,1 8 8 ,7 6 3
2 0 9 ,5 9 4
1 ,0 8 3 ,2 0 7
3 6 6 ,4 6 2
2 ,0 2 0 ,0 6 9
8 8 ,8 1 1
8 4 5 ,4 3 1
4 8 0 ,4 0 0
1 ,2 8 4 ,1 3 0
1 8 7 ,4 2 3
9 4 2 ,3 2 3
3 3 2 ,0 6 1
1 ,9 2 7 ,3 5 0
8 6 ,8 4 7
7 5 8 ,3 7 3
1 8 8 ,4 0 8
2 ,0 2 9 ,3 5 5
In terest C h arges a n d
S u r p lu s .
— In t., Rentals, A c .---------Dal. o f N et Earns.—
Current
Previous
Current
Previous
Year.
Year.
Year.
Year.
$
$
$
Roads.
B a to n R o u g e E le c t _______D e c
1 ,7 3 3
J an 1 to D e c 3 1 ..............
2 0 ,7 6 8
B r o ck to n & P l y m o u t h ..D e c
1 ,0 7 6
J an 1 to D e c 3 1 _______
1 2 ,5 5 4
B r o o k ly n R a p id T ra n sit—
J u ly 1 to S ep t 3 0 _______ 2 ,0 5 7 ,6 0 2
C a p e B r e to n E le c tr ic ____ D e c
5 ,6 8 2
Jan 1 to D e c 3 1 ..............
6 8 ,1 0 5
8 ,7 2 2
C a ro lin a P ow er & L t ______D e c
. Jan 1 to D e c 3 1 . ............
9 8 ,7 6 1
C o lu m b u s (G a ) E le c C o . D e c
Jan 1 to D e c 3 1 _______
1 ,7 2 9
2 0 ,6 8 7
1 ,0 4 6
1 2 ,9 2 0
1 2 ,5 3 5
1 5 3 ,8 7 2
5 ,0 0 4 ,7 7 6
5 ,6 5 3
6 7 ,8 3 0
8 ,2 0 7
8 5 ,9 3 6
1 2 ,6 3 9
1 2 1 ,6 8 4
8 2 ,5 1 7
2 4 7 ,7 1 5
8 2 ,3 7 9
2 4 5 ,9 9 4
5 ,7 3 9
6 7 ,2 3 3
1 0 ,7 6 2
1 1 8 ,9 8 7
2 ,6 0 7
3 7 ,8 7 5
5 ,2 2 7
6 2 ,7 3 5
9 ,1 9 5
9 8 .8 5 1
3 ,7 8 0
3 7 ,6 4 8
C o n e y Isla n d & B k ly n —
J u ly 1 to S ep t 3 0 ________
J an 1 to S ep t 3 0 . ............
H o u g h to n C o T r a c t _____ D e c
Jan 1 to S ep t 3 1 _______
Jack son ville T r a c t ________ D e c
J an 1 to D e c 3 1 ________
K e y W e s t E le c t C o _______D e c
J an 1 t o D e c 3 1 _______
N Y C it y In te rb o ro u g h —
J u ly 1 to S ep t 3 0 -----------Jan 1 to S ep t 3 0 _______
N Y & L o n g Isla n d T r a c t—
J u ly 1 to S ep t 3 0 . ............
Jan 1 to S ep t 3 0 _______
N Y & Q u een sjC o u n ty —
J u ly 1 to S ep t
Jan 1 t o S ep t 3 0 _______
Paducah T ra ct & L ig h t. D e c
Jan 1 to D e c 3 1 ________
P en sacola E l e c t . ________ D e c
Jan 1 to D e c 3 1 -----------R ic h m o n d L t & R R —
J u ly 1 to S ep t 3 0 -----------Jan 1 to S ep t 3 0 ..............
S ta ten Isla n d M id la n d —
J u ly 1 to S ep t 3 0 _______
Jan 1 to S ep t 3 0 _______
T h ir d A v e n u e —
J u ly 1 to S ep t 3 0 ..............
Jan 1 t o S ep t 3 0 _______
U n ite d L ig h t & R y s ____ D e c
J u ly 1 to D e c 3 1 ..............
8 3 ,5 6 4
4 7 3 ,0 1 1
W e ste r n R y s & L i g h t . . . D e c
Jan 1 to D e c 3 1 ........... ..
44,839
536,399
5 ,0 0 0
3 8 ,7 0 7
d o f 69 7
1 6 ,5 8 2
4 ,6 6 5
2 2 ,9 0 3
288
1 5 ,8 4 6
x l , 1 3 1 ,6 9 9 * 1 ,0 1 3 ,7 5 1
1 2 ,5 8 2
9 7 ,1 9 1
* 1 7 ,2 9 5
* 7 4 ,7 7 0
1 4 ,4 3 3
1 1 8 ,4 6 4
9 ,9 6 7
8 7 ,9 6 1
7 ,6 7 8
5 0 ,2 4 6
1 2 ,5 0 4
1 2 7 ,0 5 7
* 1 3 0 ,2 1 3
* 1 3 0 ,7 8 9
4 ,7 2 2
6 5 ,5 3 8
4 ,6 8 0
6 5 ,0 3 9
2 ,5 5 1
1 8 .6 1 5
* 3 5 ,9 9 6
* 6 6 ,6 4 4
5 ,6 7 4
5 9 ,8 1 7
1 2 ,2 0 0
1 2 0 ,2 5 0
2 ,2 9 2
2 4 ,1 8 2
2 6 ,3 9 9
8 5 ,0 9 9
2 2 ,8 6 0
* d e f 3 ,4 9 2
* d e f 6 ,0 8 8
6 8 ,7 3 3 * d e f l 9 ,9 6 5 * d e f 2 7 ,5 5 8
1 8 ,0 9 0
4 9 ,9 3 8
1 6 ,8 2 5
4 8 ,3 6 0
7_______
2 ,1 9 3
2 1 0 ,5 6 4
7 ,3 3 4
8 6 ,3 5 3
6 ,3 1 7
7 6 ,4 6 9
* 1 1 ,8 2 6
*799
* 2 6 ,1 3 5
* 4 8 ,8 1 3
6 5 ,1 6 9
d e f l 4 ,6 2 9
d e f 4 8 ,5 8 6
1 9 4 ,2 8 4 * d e f 2 1 3 ,1 9 3 * d o f l7 6 ,4 7 5
3 ,9 1 2
4 ,9 5 3
7 ,0 7 6
8 1 ,1 6 8
7 ,5 1 0
2 3 ,3 7 9
3
,3
3
7
3
,0 4 2
6 ,3 1 7
6 1 ,7 3 6
3 2 ,6 0 1
4 5 ,8 1 7
3 1 ,7 5 7
9 5 ,2 5 1
3 1 ,8 3 5
1 0 0 ,2 1 3
* 5 1 ,3 5 7
* 9 4 ,1 7 5
* 6 0 ,7 8 7
* 7 4 ,0 0 1
1 4 ,6 2 1
4 2 ,2 7 0
1 3 ,9 8 6
4 1 ,0 9 9
* 2 6 ,4 8 7
* 1 9 ,5 0 4
* 3 0 ,0 9 6
* 1 ,8 0 6
1 0 0 ,2 3 1
* 4 4 6 ,8 5 6
3 3 1 ,6 4 4 * 1 ,0 8 8 ,0 2 5
7 9 ,4 2 7
1 2 6 ,0 3 0
4 7 5 ,6 0 9
6 1 0 ,1 9 6
4 0 ,0 0 3
* 4 7 ,9 9 0
4 7 4 ,6 9 1
* 3 3 6 ,6 0 2
* 3 8 0 ,0 8 7
* 9 5 5 ,6 1 1
2 4 1 ,5 9 1
7 0 0 ,5 9 3
1 0 7 ,9 9 6
4 6 6 ,7 1 4
* 4 8 ,1 4 2
* 2 9 9 ,2 2 1
* A fte r allo w ing for oth er in co m e received .
E X P R E S S C O M P A N IE S .
E l e c t r i c R a i l w a y N e t E a r n i n g s .— T h e fo llo w in g ta b le
g iv e s th e retu rn s o f E L E C T R I C r a ilw a y g r o s s a n d n e t
e a r n i n g s r e p o r t e d t h is w e e k :
------- Gross Earnings----- ------ N et Earnings-----Current
Previous
Current
Previous
Year.
Roads.
Year.
Year.
Year.
1 4 ,3 8 4
1 4 7 ,3 8 1
1 ,8 8 1 ,5 5 6
7 ,1 1 6 ,6 6 4
B r o ck to n & P ly m ’t h . b . D e c
7 ,8 4 9
1 2 0 ,0 0 8
Jan 1 t o D e c 3 1 ________
B r o o k ly n R a p id T r a n s , b —
J u ly 1 t o S opt 3 0 ------------ 6 ,5 9 5 .5 2 1
2 3 ,8 3 7
2 8 5 ,4 2 9
a N e t earnings h ere give n are after d ed u c tin g ta x e s,
b N o t earnings hero g iv e n are before d ed u c tin g ta x es.
figu re s are for c on solid ated c o m p a n y .
B a to n R o u g e E l e c t . b — D e c
Jan 1 t o D e c 3 1 ------------
.D e c
-------
D ec
4 6 7 ,3 9 6
_____ 2 ,4 6 1 ,8 3 9
D ec
7 5 9 ,1 9 8
------- 4 ,3 6 3 ,5 6 4
D ec
2 1 0 ,7 3 0
_____ 2 ,2 6 7 ,2 6 0
J u ly 1
------ N et Earnings-----Current
Previous
Year.
Year.
Canadian Express Co.—
G ross receip ts fro
.
O p era tin g in c o m e .
1 ,3 3 4
2 8 ,7 6 6
■fn-r.
E x p ress privileges—
.
.
169.114
145,380
135.164
112,006
636.123
533,250
648.713
434,006
.
.
23,733
2,750
23,157
2,250
102.873
11,000
114,707
9,000
.
■
'.
i
,
20,907
91,873
20.983
105,707
__Jlllll
TSTnn oU—*
70
UIII[f 1
J. If)
IV lyuv.
■—IVuVvfiluvi
1912.
1912.
1911.
1911.
$
S
i
$
57778
82,958
411.955
241,067
22,217
31,985
160.570
93,619
T o t a l o p eratin g r e v e n u e s.
T o t a l op eratin g ex p e n se s. .
50,972
32,262
35,560
17,104
251,385
147,874
147,447
80,054
N e t o p eratin g r ev e n u e_____
O n e -tw e lfth o f a n n u al t a x e s .
18.709
443
18,455
214
103,511
2,215
67,393
814
O p era tln g in c o m e .
1 6 ,5 8 3
1 7 ,5 2 4
vuwwVI------------- — Jiiiy i iu Cli. o i —
1912.
1912.
1911.
1911.
$
$
$
$
310,156
255,097 1,204,793 1.037,439
141,042
119,932
568,669
488,725
18,266
18, 241
-October1911.
1912.
Globe Express Co.—
t
66,578
101,296
July 1 to Oct. 31
1911.
1912.
$
G ross receipts fr o m o p e r _____
E xp ress p rivileges— D r ----------
7 9 ,1 5 8
3 9 ,0 4 3
S
6 2 .6 3 5
3 0 ,5 3 1
3 4 5 .2 7 1
1 7 0 ,9 4 1
3 0 2 ,0 7 7
1 4 9 ,9 8 8
T o t a l o p eratin g r e v e n u e s.
T o t a l op era tin g expenses_____
4 0 ,1 1 5
3 2 ,5 4 7
3 2 .1 0 3
3 1 ,2 8 3
1 7 4 .3 3 0
1 3 0 .5 6 8
1 5 2 .0 8 8
1 2 5 ,8 1 1
N e t op eratin g rev e n u e_____
O n e-tw elfth o f a n n u a l t a x e s .
7 ,5 6 8
800
819
800
4 3 .7 6 1
3 ,2 0 0
2 6 .2 7 6
3 ,2 0 0
6 ,7 6 8
19
4 0 ,5 6 1
2 3 ,0 7 6
O p eratin g in c o m e __________
— October19111912.
-July 1 to Oct. 31----1912.
1911.
G ross receipts fro m op erationi
cpress privileges— D r ______
3 1 5 ,3 8 2
1 8 9 ,1 5 0
S
2 6 2 .4 9 9
1 5 8 ,2 8 2
$
1 ,2 7 9 .4 8 9
7 6 6 .6 9 9
1 ,0 2 1 .2 4 0
6 1 4 ,5 7 2
T o t a l op erating ro v o n u e s.
T o t a l op eratin g ex pen ses_____
1 2 6 ,2 3 2
8 7 .8 6 9
1 0 4 ,2 1 6
7 6 ,5 6 4
5 1 2 .7 9 0
3 4 5 .9 0 2
4 0 6 ,6 6 7
3 0 1 ,7 7 3
N et op eratin g roven u e_____
O n e -tw e lfth o f an n u al t a x e s .
3 8 .3 6 2
4 ,7 1 0
2 7 .6 5 1
3 ,4 7 1
1 6 6 .8 8 7
1 9 ,3 8 5
1 0 4 ,8 9 4
1 4 .0 4 5
3 3 ,6 5 2
2 4 .1 7 9
1 4 7 ,5 0 2
9 0 ,8 4 8
O p era tin g in c o m e .
$
$
THE CHRONICLE
F e b . 8 1913.]
-October------------------July 1 toOct. 31-----
1912.
$
Gross receipts from oper____ 1,446,203
Express privileges— D r -------711,240
1911.
$
1,334,260
630,956
1912.
$
4,806,565
2,368,702
1911.
S
4,481,720
2,134,333
T otal operating revenues.
T otal operating expenses—
734,962
572,713
703,304
512,585
2,437,862
2,100,116
2,347,387
1,934,009
N et operating revenue____
One-twelfth o f annual taxes.
162,248
13,685
190,719
14,936
337,746
53,691
413,378
59,353
Operating incom e_________
Southern Express Co.—
354,025
148.563
175,782
284,055
1912.
Gross receipts from oner____ 2,015,868
Express privileges— D r-------953,403
1911.
1,869,548
725,565
1912.
9,678,045
4,584,420
T otal operating revenues. 1,062,465
T otal operating expenses____
974,805
1,041,983
921,051
4.993.625
4,746,969
4,886,224
4,543,708
United States Express Co.—■
Nov. 30—
1911.
8,968,441
4,082,216
N et operating rovenuo-----One-tw elfth o f annual taxes.
87,659
11,184
120,931
11,780
246.655
53,602
342,516
53,154
Operating incom e_________
76.474
109.150
193,053
289.361
AN NUAL REPORTS.
A n n u a l R ep o rts.— An index to annual roports of steam
railroads, street railways and miscellaneous companies which
have been published during the preceding month will bo
given on tho last Saturday of each month. This index will
not include roports in tho issuo of t h ' “ Chroniclo” in which
it is published. Tho latest index will be found in tho issuo
of Jan. 25. The next will appear in that of Fob. 22.
E ast St. Louis & S u b u rb a n Co.
{Report for Fiscal Year ending Dec. 31 1912.)
Pres. C . M . Clark, Feb. 1 1913, wrote in substance:
Results.— Tho Increaso In gross earnings was $173,305, or 7 % : net earn
ings $103,08(3, or 1 0 % . T ho number o f transfer and revenue passengers
carried Increased 3 .2 % , contrasting with dccrcaso o f 4 .2 % in 1911 and in
creases o f 11.(3% and 2.(5% in 1910 and i9 09 , respectively.
Properly.— W o expended $191,942 for construction o f tracks, cars,
power, new installations in connection with now custom ers, & c., o f which
$163,400 was charged to capital account and $28,542 to renewals and re
placements. On singlo track basis there are 187.5 miles o f track in tho
System , o f which tho operating com panies own 182.7 miles, 4.8 miles boing
operated under trackage agreement, ltolling stock owned Dec. 31 1912:
153 passenger cars, 810 coal cars, 2 electric locomotive's and 2 stoam lo co
m otives. Generating capac. o f steam stations on Dec. 31 1912, 10,740 k.w .
T ho connected light and power load (not Including railway system ) on
D ec. 31 1912 was 11,692 k .w ., an increaso o f 2,767 k .w ., or 3 1 % . T ho
number o f light and power customers was 5,169. an increaso o f 840, or 1 9 % .
T ho gross receipts from light and power business for tho year increased
$62,044, or 15.(3%.
Population Served.— A conservative estimate o f tho population served by
our lines in 1912 is 155,000, com pared with 85,000 in 1900, an increaso of
8 2 % . In addition the lines enter St. Louis over tho Kads B ridge, thoreby
reaching a population o f nearly 800,000 additional.
Contractfor Power.— Sinco Jan. 1 an agreement lias been reached with tho
Mississippi River Bower C o. (seo V. 92, p. 729; V . 95, p. 683) for tho de
livery to your com pany o f hydro-electric power from Keokuk for street
railway, light and power purposes. This water power will bo supplem ented
b y a now large modern steam plant which will bo constructed at A lton.
Contracts already mado with largo power consumers will require this a d tional steam capacity and tho water power can be used in largo quantities
in connection with our present and proposed steam stations. A very largo
amount o f power business is available in tho territory we servo and tills
business offers a great field for future growth o f earnings.
EARNINGS, Ac., OF OPERATINGCOS. COMPRISING TIIE SYSTEM,
ANDFIXED CHARGESOFEASTST. L. &SUB. CO. CAL. YEARS.
Gross receipts_________
Operating expenses___
1912.
45,181,231
$2,452,451
1,275,118
1911.
43,774,723
$2,279,147
1,204.901
1910.
45.688,867
$2,364,142
1,223,354
1909.
40.913,538
$2,035,789
1,097,235
In t. and taxes all c o s . .
$1,177,333
656,921
$1,074,246
612,975
$1,140,788
605,462
$938,554
587,908
.
.
$520,412
350,000
$461,271
350,000
$535,326
350,000
$350,646
350,000
Per cent o f oper. exponsoi
$170,412
52%
$111,271
52.8%
$185,326
51.7%
$646
5 3.9 %
Preferred d iv id en d .
BALANCE SHEETS EAST ST. LOUIS A SUBURBAN CO. DEC.
1912.
1912.
1911.
Liabilities—
$
Assets—
$
$
Securities owned - .21,472,964 21,472,964 Preferred stock__ 7,000,000
539,335 Common stock__ 7,000,000
538,947
Property owned..
269,381 Collat. trust bonds 8,000,000
478,167
Bills & accts. rcc..
86,291 Bills & accts. pay.
168,275
87,450
Accrued lnt. r c c ..
113,417
57,272
60,272 Accrued accounts.
Bond discount__
C a sh ....................
10,464 Profit ..................
354,685
1,577
T o ta l................ 22,030,377 22,438,707
31.
1911.
•S
7.000.
7.000.
8.000.
2,500
110,989
325,218
T o ta l................ 22,630,377 22,438,707
D a t a f r o m V .-P r e s . L . C . H a y n e s o f E a s t S t . L o u is S u b u r b a n R y .
E?’
[Comparo m ap on page 51 o f ‘ ‘Electric Railway S ection".]
Results.— t he year just closed lias witnessed a developm ent on tho east
side o f tho Mississippi River that is without a parallel since tho present
owners first acquired tho railway, light and power business o f this section.
In January 1912 tho gross earnings o f the East St. Louis & Suburban C o . for
tho year were estimated at $2,400,000. This estimate lias been exceeded
b y $52,451. The net surplus for tho year, $170,412, fell somewhat short
o f our cstim ato, duo to increased operating expenses. W hile our passenger
earnings on tho east sido o f the river showed an increase in gross earnings
in 1912 over 1911 o f 6 % , tho increaso in gross in St. Louis was abt. 2 % .
Development.— Enthusiastic citizens o f East St. Louis believe that tho
population o f that city will b y D ec. 31 1913 reach 80,000, showing an in
creaso o f 33 1-3% since 1910. Between 1900 and 1910 tho city practically
doubled its population. In 1912 all records were broken for now bldgs.
T ho city o f Alton during tho year has secured tho location o f a State
institution requiring a site o f over 1,000 acres within a mile o f tho A lton
city limits and involving probably for sito and building an expenditure of
probably $1,500,000 to $2,000,000. This is tho Southern Illinois asylum
for those whoso mental condition requires governm ental care w ithout the
intervention o f barred windows. Tho A lton Steel C o. also will occupy
about 40 acres o f land and will em ploy, when its plant is com pleted, about
500 hands; this entire plant will be operated by electric power to be fur
nished by our com pany under contract running for period o f soven years.
Electric Power Business.— Several largo contracts for power were made
b y us during 1912, notably that witli tho A lton Steel C o ., whoso require
ments will exceed the entiro present consum ption o f the city o f A lton for
dom estic, com m ercial and city lighting. N egotiations are pending for
other contracts, largo and small, and plans aro well under way for now
generating facilities to meet tho demands o f tills new business. A few
years ago the total light and power business represented about 12% o f the
gross earnings. During 1913, notwithstanding Increaso in railway business.
It is probable that the light and power business will lie about 18% o f gross.
Coal Tonnage, Ac.— Our companies now stand second as regards voium o
o f coal traffic among tho roads in thislscction.
417
Total Coal Tonnage in 1912, 8,659,209— Our Companies Secondwith 1 0 .11 %
rC.
Tons. %
Tons. % ,
Illinois C entral______ 1,139,762 13.2 M isso u ri Pac. (I..D iv ) 677,893 7.8
E .St.L .& Sub.R y.,St.L .l 873,353 l O .l L i t c h f . & M ad. U R .
619,390 7.2
llollo.r E
p’ lect.
l.w.f Ry.
lj,r >
p’ . IIlllnnlo
C hic. & E
llin o is ... 607,073 7.0
& Beilev.
St. L . & O ’ Fallon R y . 796,939 9.2 Louisv. & N ashville. _ 567,203 6.5
Pennsylvania lines___ 742,648 8.6 W a b a s h _____________ 251,197 2.9
St. L. T roy & E a s t ... 713,627 8.2 M obile & O h io______ 179,358 2.1
Southern R a ilw a y ... 711,251 8.2 Big F o u r . . . ...............
92,556 1.1
Bait. & Ohio R R ____ 679,642 7.8 Chicago & A lton, & c.
7,317
.1
W e have b y far tho largest coal car equipment per mile o f track o f any
o f the railroads entering East St. Louis, and have local freight yard facilities
surpassed b y none. T h e reliability o f our service was the cliief factor in
securing for one o f our operators a two-year contract for his entire putput,
with a minimum o f 1,000 tons per day fron April 1 to A ug. 1 and o f 1,500
tons per day from A ug. 1 to April 1 in each year, Sundays and holidays
only excepted. Indications are favorablo for an increase o f 5 cents per ton
in tho rate o f freight on coal, such an increaso would add to our gross reven
ues from coal fright about $40,000 per annum.
W e have also given much attention to accom m odation o f local contractors
and dealers in building and paving materials, & c., in the way o f team track
spurs earning switching charges, with tho result that in 1912 our receipts
from this source alono exceeded $10,000.
East St. Louis Columbia& Waterloo Ry.— This road was com pleted to
W aterloo in 1912 and has becom e an important feeder to our city and
bridge passenger business, bringing com m unities with a population o f
about 10,000, including D u p o, C olum bia and W aterloo, & c., into trolley
com m unication with East St. Louis and St. Louis. Power for operation o f
tho lino is furnished b y our com pany, and also for miscellaneous power
business secured from industries along tho lino. A t present, the W aterloo
cars transfer their passengers in East St. Louis to the cars o f our A lta Sita
division, but in a short tim e they expect, under contract, to operate over
our tracks to tho west end o f the Eads Bridge without transfer.
Broadway Extension.— In East St. Louis our Broadway division is being
extended, \ia B roadw ay, 22nd St. and Missouri A v e ., to the eastern limits
oi the city , terminating for the present at the works o f the Aluminum C o .
Eads Bridge.— Early m 1913 the Term inal Railroad Association will erect
handsomo new waiting room s, ticket office, cafe, and train shod, at the west
end o f the Eads Bridge, at a cost o f about $100,000. These im provem ents
will includo two tracks for our use. Our com pany will bear an agreed
proportion o f tho interest charges o f this im provem ent. W ith all our
intcrurban cars running across tho bridge, as we hopo will be the case,
and facilities at the west end o f the bridge for excellent care o f both city
and intcrurban business, we expect a handsome increaso in business.
Forecast 1913.— W ith the new business in sight for the year 1913, and
with duo consideration for the effect o f tho probable increase in population
daring tho year and activity o f industries, I feel confident that tne close
o ’ tho year will witness a record o f gross earnings for these properties o f
$2,700,000 and I believe that an operating percentage rate o f 50% m ay be
safely predicted. I f these expectations be realized, the not earnings will
bo sufficient to meet all fixed charges, including preferred dividends and
show earnings on tho com m on stock equal to abou t 5 % .— V . 94, p. 1311.
Xr
Xr
St. Joseph R ailw ay, L ig h t, H ea t & Power C om pan y.
(Report for Fiscal Year ending Dec. 31 1912.)
V.-Pres. J. H . Van Brunt, Jan. 28, wrote in substance:
Results.— T he increase in gross earns, was $80,554, o r 7 .3 % : net increase,
$96,211. or 2 0 .4 6 % . T he connected light and pow er load on D e c .31
was 12,445.98 k. w ., an increaso o f 1,052.48 k. w ., or 9 .2 % ; light and power
customers 7,812, increaso 1,482, or 2 3 .4 % . T ho gross receipts from light
and power increased $52,149, or 17.02% .
T ho gross earnings o f tho St. Joseph & Savannah Tnterurban R y . C o .,
tho stock o f which is owned by your com pany, were $56,202; net earnings
$19,296; surplus over fixed charges, $1,205.
Additions.— T he charges to construction accounts aggregated $171,984,
viz.: Railway extensions and im provem ents. $51,344; new cars (on a ccou n t),
$18,880; power plants (on accou n t), $32,795; car houses aud miscellaneous,
$1,779; extension overhead lines, L . & P. dep t., $55,205; extension o f steam
heat lines, $11,981.
Property Dec. 31.— 17.06 miles o f track on single-track basis, 145 m otor
cars and 41 trail cars. (F ive new cars were purchased during tho year.)
T otal steam generating capacity,_4,600 k. w. This is being increased by
tho addition o f a 3,000 k .w . turbine and 440 h. p. o f boilers, and an exten
sion o f tho power house.
During tho ybar a contract was mado with tho Kansas C ity C la y C ounty
& St. Joseph R y. C o ., under which the cars o f that com pany from Kansas
C ity will bo operated over the tracks o f your com pany.
RESULTSFORCALENDAR YEARS.
1912.
1911.
1910.
Gross receipts__________ $1,179,839 $1,099,284 $1,038,056
Operating expenses____
613,494
629,150
549,400
1909.
$979,554
505,569
N et earnings................
Interest and taxes--------
$566,345
291,589
$470,134
283,784
$488,656
274,058
$473,985
256,968
S u rp lu s ........................
Per cent o f oper. e x p . . .
$274,756
52%
$186,350
57.23%
$214,598
5 2.92%
$217,016
51.61%
BALANCE SHEET DEC.
1912.
Plant ,prop&fran. . 10,702,055
44,000
Investments____
81,567
Supplies ..............
1,185
Prepaid Insurance16,792
Bond
discount___
000
326,000
Guaranteed
bonds.
000
19,821
Cash_____________
000
86,230
Bills & accts. rec..
1911.
8
10,530,070
44,000
85,761
2,021
17,512
326,000
55,943
74,041
T o t a l.......... ...11,277,650 11.135,348
— V . 96, p. 361, 136.
31.
1912.
Liabilities—
$
Capital stock____ 5.530.000
Funded debt____ 4.716.000
Bills A accts. pay.
75,785
Guaranteed bonds.
326,000
Accrued accounts.
41,043
Proflt and lo ss ...
588,822
1911.
$
5,530,000
4,716,000
36,196
326,000
33,463
493,690
T o ta l................ 11,277,650 11,135,349
C ap ital T raction C o., W a sh in g to n , D. C.
{Report for Year ending Dec. 31 1912.)
Pros. George E . Hamilton says in substance:
Number of Passengers Carried.— A t 4 1-6 cts., 41,746.329; at 5 cts .,
9,906,805; on com m utation tickets, 955,734; total revenue passengers,
52,608,868; transfer passengers, 18,472.325; total passengers, 71,081,1 3.
Capital Improvements.— R oad, $194,613; E quipm ent, $123,400; geno-al
expenditures, $1,368; total, $319,381.
Depreciation Reserve Fund.— There was added to the fund from surpl u
$55,000 and there was applied to cost o f new cars bought to replace si glo-truck cars $149,364; rebuilding tracks on Pennsylvania A ve. betw o ■
2d and 7th Sts., N . IV., $50,804; total in fund D ec. 31 1913, $4,832.
Earnings.— Car earnings show an increaso o f $9,968. miscellaneous i com e an Increaso o f $1,750 and operating expense a decrease o f $28,82
making a net increaso from operation o f $40,546. There was an increase
in fixed charges o f $63,699, due principally to interest on bonds issued in
D ec. 1911 under m tge. o f June 1 1907.
Bonds.— T ho funded d ebt is $6,000,000 o f bonds secured under m tge. o f
Juno 1 1907, o f which $5,639,500 is outstanding, the remaining $360,500
being held in tho treasury to meet future extensions and betterm ents.
Rolling Stock.— T h e 150 pay-within cars ordered in 1910 have all been
received and put in operation and five m ore for the C hevy Chaso Division
were put in service in October. T hirty sem i-convertible cars, in use on the
14tli St. line, aro being converted into the pay-within type, tho work being
done in our own shops. A ll small single truck m otor and trailer cars have
been retired.
Air Brakes.—To secure safer operation it was concluded to equip all cars
on city lines with air brakes, and accordingly a contract was made with the
W ostinghouse Traction Brake C o . for 233 air brako equipments; 41 cars
have been equipped with air brakes and aro now in service on city lines.
Power Plant.— T h e new power plant at tho corner o f 32d and K Sts. has
been fully com pleted and equipped, and additional duct lines have been
built and the necessary cable installed, thus giving to the com pany proper
service to am ply care for its present needs.
418
THE CHRONICLE
OPERATION S A N D
1912.
C ar m ileage____________
8,087.925
R evenue pass., N o ____ 52,608,868
T ransfer pass.. N o ____ 18,472.325
Gross earnings_________ $2,265,214
Operating Expenses—
M aintenance o f way, A c.
$74,980
M a in t. o f equipm ent___
76.653
Operation o f power plant
153,190
C ar service____
____
578,164
General A miscellaneous
217,670
FISC AL RESULTS.
1911.
1910.
7,962,375
8,013,374
52,097,019 51.307,792
18,249,770 16,934,750
$2,256,640 $2,226,150
$136,034
77.909
154,396
566.302
192.844
$102,205
90.203
145,011
569,336
195,234
$58,641
77,246
114.655
496,975
170,856
T o ta l oper. oxponses. $1,098,657
N et earns, from op er___ $1,166,557
Other incom e__________
13,317
$1,127,485
S I .129,155
10.173
$1,101,989
$1,124,161
14,518
$918,373
$1,106,111
29,294
T otal net Incom e....... $1,179,874
Deduct—•
Taxes _________________
$130,907
In te rest_____ _________
281,781
Renewals _____________
Dividends ( 6 % ) ..............
720.000
$1,139,328
$1,138,679
$1,135,405
$128,383
220,666
$118,081
200,000
720,000
720.000
$100,337
151,937
10,752
720,000
T o t a l ............................. $1,132,748
B a la n ce ________________
$47,120
$1,069,019
$70,278
$1,038,081
$100,598
$1,013,026
$122,379
1909.
7,231,557
46,900,599
10.897.876
$2,024,484
B A L A N C E SHEET DEC. 31.
1912.
1911.
1912.
1911.
Assets—
Liabilities—
8
•8
$
$
Capital stock___ 12,000,000 12,000,000
Cost of road, equip.
and real estate. 17,706,393 17,381.082 Bonds____ ______ 5,639,500 5,639,500
Tickets ................
Acer, taxes, Insur.,
77,979
76,789
290,250 Accrued taxes. In
294,923
Interest, A c .. .
156,288
160,500
suranee, Inter
Insurance reservo.
481,975
est, A c_______
*7.030
Cash In hand____
111,176
107,331
34,280 Dividends due anti
Tickets of oth. cos
35,490
46,725
40,292
accrued ______
Mat'l A supplies..
184,243
183,175
2,816 Fire Ins. reserve..
6,394
Acc’ts receivable.
166,694
156,475
300 Deprec. reserve..
300
Miscellaneous___
4,832
150,000
Profit and loss___
80,446
78,898
18,393,716
T o ta l................
T o ta l...... ......... 18,263,322 18,393,716
Cash la bank, $7,030, consists o f $2,004 to credit o f operating account,
$194 to credit o f insurance reserve fund and $4,832 to credit o f depreciation
reservo fu n d.— V . 96, p . 134.
W e st P en n T ra c tio n & W a te r Power Co.
(Earnings, including Subsidiaries, for Year end. D e c .‘.11 1912.)
1912.
.$3,408,586
. 1,829,460
Fixed Charges—
In t. on W est Penn T rao. 5 % bonds .
o
fn t. on bds. o f W . Penn Kys
i.
:.
$189,903
143,220
461,625
137,500
1911.
$2,260,287
1,112,281
1910.
$2,042,002
987,642
$1,148,006
$1,054,360
$56,651
z 10,000
461,625
137,500
461,355
137,500
«$9,149
- $646,878
$482,230
$446,356
A m t. required to pay 6 % dlvs. on $1,
625,000 W . P. T r. C o. 6 % cum . proff.
97,500
97,500
97,500
Divs. on $6,500,000 W ost Penn T rac.A
Water Power C o. pref. s to c k ._ (6 % )3 9 0 ,000 *(4)260,000 *(1) 65,000
Final surplus....................................$159,378
$124,730
$283,856
x For 6 moa. only, y For 7 m os. only. * On W est Penn Traction C o.
co m . stock exchanged for W est Penn Traction A W ater Power C o. pref.
stock .— T. 95, p. 1943, 1333.
G en eral C hem ical C o., New Y o rk .
(Report for Fiscal Year ending Dec. 31 1912.)
Chairman W m . H . Nichols, N . Y . , Jan. 31, wrote in subst.:
On N o v . 15 1912 the directors declared an extra dividend o f 5 % upon tho
com m on stock out o f the surplus profits for tho past year, payable in co m
mon stock o f tho com pany at par on and after Feb. 1 1913 (V . 95, p. 1354).
This dividend amounts to $427,900. T ho N . Y . Stock Exchange will on
and after Feb. 1 1913 add such additional com m on stock to tho list after
official notico o f issuance; thus making tho total amount listed $9,842,700
and loaving $2,657,300 com m on stock authorized but unissued (V . 95,
p. 1748; V. 96. p. 289.)
A fter paym ent o f tho regular dividends and all necessary charges for d e
preciation and dism antlem ent thero has been added to surplus tho sum of
$284,331 ovor tho abovo-m ontioned $427,900 added out o f profits to the
capital. T h e $1,250,000 o f pref. stock anil $855,900 o f com m on stock
offered to stockholders at par F eb. 16 1912 has been subscribed In full.
1912.
1911.
1910.
1909.
Surplus provlous y e a r ..a $ 4 ,463,038 $4,090,759 6$3,215,820 $3,189,018
N et profits for tho yoar_ 2.608,582 2,361,880
2,341,339
2,139,692
T o t a l . . . ......................... $7,071,620
Deduct—
Pref. dividend ( 6 % ) - - $750,000
C om m on d ivid ena------ (6% )513,534
Int. on stock subscrip'ns
44,154
Chargod o ff plant a c c t ..
432,687
D ist.am ong p rof, sharers
136,717
R es. for U. 3. corp. ta x .
19,259
86,452,639
$5,557,159
$5,328,710
$750,000
(6)489.078
$750,000
(5)398,302
$705,000
(4)296,412
185,944
137,626
19,353
159,755
140,343
18,000
246,102
109,346
15,000
T o t a l _____ __________ $1,896,351
Bal. to su r. acct. D ec. 31c$5,175,269
E xp. on now con s., & c .. $1,999,569
E xp. on repairs A reconstr’n ch g d .toex p .a ccb .
570,122
$1,582,001
$4,870,638
$899,090
$1,466,400
$4,090,759
$1,421,948
$1,371,860
$3,956,850
$535,155
600,368
547,806
399,511
a A fter deducting com m on stock dividend o f 5 % distributed Feb. 12 1912,
$407,600.
b A fter deducting com m on stock dividend o f 10% distributed M arch 16
1910, $741,030.
c From which is deducted tho com m on stock dividend o f 5 % payablo in
stock to bo distributed Fob. 1 1913 (V . 95, p. 1334), leaving $4,747,369.
CON SOLIDATED B AL. SH EET (IN C L . SUB. C O M PA N IE S) DEC. 31.
1912.
1911.
1912.
1911.
Assets—
Liabilities—
S
3
S
3
Manufacturing in
Preferred stock___12,500,000 12,500,000
vest. at cast. ..*21,489,850 19,951,210 Common stock___ 8,558,900 8,151,300
Investment In cos.
Cap. stk. subscrlp.nl,691,000
______
partly owned__ 1,309,342
933,892 Sundry accts. ac
Misc. Investments
51,503
48,858
crued (not duo).
Mdso. on hand
Prof.-sharing fund
(cost) .............. 3,422,658 3,176,118 Dlv. pay.Jan. 2 ..
Actlvo customers'
Stock dlv. Feb. 12
1,442,344
accts.A bills roe. 1,579,197
Fire Ins. reserve..
105,961 Sundry reserves..
Miscellaneous__
267,540
785.071 Corp. tax reserve.
Cash...................... 1,036,970
568,835 Surplus................
Fire Ins. reserve..
627,915
T o ta l................ 29,784,980 27.012,323
T o ta l................ 29,784,980 27,012,323
* T he manufacturing investment as abovo is figured after deducting m ort
gages not duo on properties purchased, amounting to $96,300, also tho an
nual deductions for depreciation, which, together with the cost o f repairs
and replacements charged to expense acct. from the time of tho form ation of
tho co . (1899) to tho present dato, am ount in tho aggregate to $9,619,720.
a Includes subscriptions on pref. stock, $1,036,300, and on com m on
stock, 36S4.700.— V. 96. p. 289.
[Vol. XCVI.
Am erican W r itin g Paper Co.
(Report fo r Fiscal Year ending Dec. 31 1912.)
E AR N IN G S, E XPEN SES, CHARGES, ETC.
1912.
1911.
1910.
1909.
N ot earnings----------------- $1,489,762 $1,400,096 $1,317,242 $1,540,409
Interest, A c ------------------111,887
125.435
127,592
122,645
T otal net incom e____$1,601,649
Interest on bonds______
$850,000
Expenses, incl. m a in t..
306,392
Sinking fu n d .
100,000
D ividends (see b e lo w ).. (2)249,610
$1,525,531
$850,000
312,208
100,000
(2)249,564
$1,663,054
$850,000
252,213
100,000
(1)124,599
$1,444,834
$850,000
269,567
100,000
(2)249,910
$1,506,002 $1,511,772 $1,469,477 $1,326,812
. . sur.$95,647 sur.$13,759 d e f.$24,643 stir.$336,242
B A L A N C E SHEET J A N . 1.
1913.
1912.
1913.
1912.
Assets—
Liabilities—
$
$
S
S
Plant & real e st.. . 16 ,685,841 16,6.89,441 Preferred s to c k ...12,500,000 12,500,000
Good-will, A c___ 18 010,150 18,010,150 Common stock__ 9,500,000 9,500,000
C a s h .............. .
722,754 5% bonds_______ 17,000,000 17,000,000
532,336
Accts. & notes rec. 1,382,104 1,321,935 Accounts payable.
1,252
1,221
Company bonds.. 1,187,345 1,120,152 Sink, fund reserve 1,700,900 1,504,750
Miscell. stocks..
254,472
254,472 General reserve__ 1,237,410 1,237,411
Supp. A materials 3 ,064,031 2,901,697 Surplus...... .........
877,617
781,969
Sinking fund____ l ,700,900 1,504,750
Balance
T o t a l_________42.817,179 42,525,351
- V . 94, l). 562, 41S.
T o t a l................ 42,817,179 42,525,351
A m erican C an C o., New Y o rk an d C h icago.
(Report for Fiscal Year ending Dec. 31 1912.)
Pros. F . S. Wheeler (V . 96, p. 64) says in substance:
Results.— T he past year showed an improvem ent both in earnings and
volum e o f business. There has been an increasing'dem and for packages,
both plain and lithographed, for uso in tho goneral linos o f trade to hold
oils, paints, grease, blacking, tobacco, coffee, tea, cereals, syrups, A c.,
and in the field o f chemicals, drugs, talcum powders, etc., etc.
New Business.— Y our management has been diligent in dovising and in
stalling im proved m ethods and equipment, resulting in a generally better
quality o f product. Tho growing popularity o f tho “ sanitary” can for food
products has made It necessary to provido additional facilities for manu
facture and storage and to construct and furnish to customers machines for
sealing and closing such cans. T o moot theso conditions and to provido
for growing demands generally, thero has been expendod during tho past
year $1,767,022 for now construction, the principal Itoms o f which aro
at T oled
o, Baltimore
Om
o i . . t ,,,, F
t,1airport,
. . t m
edo,
Baltimore, PhUa
I’hlla., Pnrt.ianH
Portland, O
re., Brooklyn,
N. vY .,
San Jose
~ al., San
~ ' Francisco, Indianapolis, Joliet, M a yw ood , 111., N ow
ase, C
is and Niagara Falls, Ont.
Orleans
Status.— Tho plants havo boon fully maintained and minor botterm onts
and improvem ents have been charged to operating expense. All m erchan
dise has been valued in the statement at cost, or at market value when loss
than cost, and all doubtful receivable accounts have been written o ff. All
liabilities, actual or contingent, have been included. T ho showing thus is
conservative. T ho working capital Dec. 31 amounted to $13,417,760.
an inercaso o f $2,770,065.
Outlook.— In forecasting tho com ing year, the outlook appears satisfac
tory and promises returns that will com pare favorably witli tho past year.
Contracts already made and other business in reasonable prospect justify
this expectation. T ho practice o f packing com m odities in small containers,
representing individual units o f consum ption, Is steadily increasing, ami
new articles are being added to tho list. This feature, coupled with the
steady growth o f the country, insures a reliable markot for your pro
ducts. Com petition is keen and aggressivo, but with plants located well
geographically, equipped with tho m ost modern machinery (chiefly built
in our own shops from designs o f our own experts), and with our capable
organization o f trained men, tho com pany m ay reasonably roly on a con
tinuance o f large and growing business.
,
. , .
T he fibre packago department has shown a gratifying growth during tho
past year, and greater capacity is being provided to caro for increased busi
ness in sight. Packages o f im proved quality havo been dovised, which will
enlarge the field previously open to fibre containers.
Chemical Laboratory.— During the past three or four years m ost o f tho
time o f our chemical laboratory has been dovoted to research work in the
chomistry o f various foods and tho chemical changes caused by tho p ro
cesses o f preparing them for tho market, with special roferonco to tho re
quirements o f containers. This work has been done in co-operation with
tho puro food authorities, tho purposo being to incroaso tho confidence o f
tho public in the purity o f canned foods and thus to onlargo tho markot for
cans.
[Tho annual dividend rate on tho pref. stock was increased from 5 % to
7 % , beginning with tho distribution o f Jan. 1 1913; M o f 1% was also paid
on that date on account o f accumulated dividoiul, now about ,34 K % . See a
subsequent page as to this accum ulation, and tho new $15,000,000 bond
issue. Also seo V .9 5 , p. 1474, for C ourt award to Vulcan Dotinning C o .,
and V. 96, p. 363, for Continental Can C o.)
RESULTS FOR CALENDAR YEARS.
1912.
E arn in g s_______________$7,522,932
Deduct—
•
1911.
$5,416,339
1910.
$3,456,537
1909.
$3,301,677
D epreciation___________
$500,000 $2,500,000
$633,564
$545,526
Preferred d lvs____(5% % )2 ,370,915 (5)2,061,665 (5)2,061,665 (5)2,061,665
Im pts., purch. o f pa ts.,A c. 483,886
---------------------------$761,308
$694,486
Balance, surplus_____ $4,168,131
$854,674
B A L A N C E SHEET DEC. 31
1912.
1912.
1912.
1911.
$
S
Liabilities—
Assets—
$
$
Common stock
41.233.300 41,233,300
Plants, real estate,
Preferred
stock
41.233.300
41,233,300
857,873
71,235,481
patents, A c___ 70
New constructIon.il 019,356 8,907,618 Aco’tS payable... 2,270,868 1,476,310
824,666
337,238 Dividends Jan. 1.
515,416
Other lnv. Items..
72,538
985,695
Cash------------------ 4 148,681 3,539,000 Contingent funds. 1,057,058
Accts. A bills rec.. 3 242,901 3,315,204 Surplus ................ 11,843,870 7,075,738
Mdse. Inventory.. 9 121,709 5,785,218
T o ta l_________98,463,062 93,119,759
- V . 96, p. 362, 64.
T o ta l................ 98,403,062 93,119,759
C hicago P n eum atic T ool Co.
(Report for Fiscal Year ending Dec. 31 1912.)
RESULTS FOR C A L E N D A R YEARS.
1911.
1912.
1910.
. $1,002,260
N ot profits_______
$772,527 $1,054,809
$116,733
D educt— B ond int
.
$115,000
$115,000
257.951
D ividends, 4 % .
257,951
.
257,951
50,000
Sinking f u n d ...
.
50,000
50,000
193,149
Depreciation, &
.
236,065
194,788
.
.
Assets—
Real estate, plant,
pat’ts,good-will,
Ac., less reserves
Stock other cos.,
Ac. (cost)........
Treasury bonds..
Treasury stock—
Cash.................. .
Accts. A bills rec.,
less reserves----Sinking fund........
Inventories______
$659,016
$343,244
$017,739
$154,788
$017,834
$136,975
A L A N C E SHEET OF DEC. 31.
.
1911.
•,013,545
6,978,288
1,121,670
200,000
37,000
121,399
1,121,670
200,000
37,000
92,385
1,420,895
744,445
1,619,418
1,143,211
682,906
1,405,138
T o ta l........ ....... 12,278,373 11,660,598
— V . 94, p. 1386, 563.
1912.
Capital stk. Issued 6,485,000
First M. 5s Issued- 2,500,000
Interest on bonds. 1 122,512
Dlv. pay. Jan. 25. J
Accounts, Ac.,
payable.............
396.624
12,610
Reserves..............
Bills payablo------10,000
Sinking fund........
744,445
Surplus................ 3,007,181
1909.
$558,928
$118,150
50,000
140,168
$308,318
$250,610
1911.
0,485,800
2,500,000
122,213
196,740
9,002
082,906
1,063,937
T o ta l................ 12,878,373 11,660,598
THE CHRONICLE
F eb . 8 1913.]
U n ited Cigar M an u factu rers C o., New Y o rk .
{Report fo r Fiscal Year ending Dec. 31 1912.)
IN C O M E A C C O U N T.
1912.
1911.
■Gross p rofits___________ $2,705,824 $2,089,852
A dm inlst’u A soiling exp 1,382,282
996,958
1910.
$2,222,318
1,106,809
1909.
$2,820,977
1,217,654
P rofit from operations $1,323,542
M isc. p rofit A Int. rac’d
211,013
$1,092,394
170,751
$1,165,509
168,581
$1,603,323
179,441
T otal p ro fit_______ - $1,534,555 $1,263,145
Deduct—
In t. on loans & d eposits.
$159,588
$83,718
D ivs. on prof, stock (7 % )
350,000
350,000
D lvs. on com . s to ck ____ (4 )6 1 8 .1 2 0(4 ^ )6 75 ,0 0 0
$1,334,090
$1,782,764
$78,588
350,000
(6)900,000
$75,267
350,000
(5)750,000
Surplus & reserve. 3,547,308
3,140,460
T o ta l................ 2.8,128,065 24,743.167
T o ta l________ .28,128,065 24,743,107
♦Trado-marks, patent rights and real estate and m achinery as o f Jan 1.
1912, $16,988,929; also trade-marks, A c., acquired of Theobald & Opponhoiiner C o. Jan. 1 1912, $1,000,112. less depreciation and additions to real
estate, A c ., during year, $15,556; Investments In affiliated com panies,
$390,267.— V. 94, p. 1388.
G u ggen h eim E xploration C o., New Y o rk .
(Report fo r Fiscal Year ending Dec. 31 1912.)
Pres. Daniel Guggenheim, N . Y ., Dec. 31, wrote in subst.:
A com parison with the last annual statement will show an Increase In
surplus o f $340,455. T ho net incom e was $3,271,750, equal to 15.7% on
the capital stock and $1,192,420 In excess o f dividend requirements. Vari
ous items were written o ff during tho year, the m ost im portant o f which
was the am ount o f $660,000 occasioned b y the sale or 110,000 shares o f
Am erican Smelters’ Securities C o. pref. stock, series “ A ,” at $84 per share,
which stock had been carried on tho books at $90 per share. T his, how
ever was m ore than offsot b y an increase o f over $2,000,000 in tho market
value o f tho securities purchased during the year. These changes in the
assots liavo temporarily reduced tho earnings available for dividends, but
it is expected that thoy will materially increase in tho near future.
T h e m arket valuo o f tho assets as o f D ec. 31 1912 was $59,655,000, an
increase o f $2,570,000 for tho year (V . 93, p. 411).
IN C O M E A C C O U N T FOR CALENDAR, YEARS.
1912.
1911.
1910.
1909.
P r o fits fo r the year_____ $3,271,750 $3,681,770 $3,346,854 $2,288,216
2 ,0 7 9 ,3 3 0
2 ,0 7 9 ,3 3 0
2 ,0 7 9 ,3 3 0
2 ,0 7 4 ,8 4 0
$213,376
N et p rofits___________ $1,192,420 $1,602,440 $1,267,524
B A L A N C E SHEET DEC. 31.
1912.
1912.
1911.
1911.
Book Value. Book Value.
Assets—
Par Value. Par Value.
A m er. Smelters' Securi______
ties C o. " A " s t o c k ... *4,400,000 $15,400,000 $3,960,000 $13,860,000
_________
1,500,000
6 % b on d s--------------- -------------------1,5? 9 ’R9R
................
15,094
* Esperanza, L im ited. _ -------------lo.OSO
9,161,767
9,161,767
* Utah C opper C o _____ 4,045,040
4,045,040
9,883,088
* Yukon G old C o ______ 14,174,245 13,848,195 10,091,189
2,534,803
488,755
------------* C hino C opper C o ____
4,767,265
♦Am. S m .A R fg .C o.,com . 0,950,000
------------2,585,638
*Itay C on s.C op .C o.,com . 1,212,000
------------831,179
* Miscellaneous invest’s .
-------------------------53,010
♦Alaska Y u kon propt’y
1,170,230
and equipm ent_____ ________ ____
_________
1,144,102
2,704
Furniture, fix t’s A equip. -------------------------2,310
121,483
Bills & a cc’ ts collectible..................... ..........................
4,550
7,721,933
C ash and doinand loa as.
10,303,299
T otal ............................................................................. $44,607,933 $44,267,478
Offsets—
S tock .........................................
.$20,793,300 $20,793,300
S urp lus....... ......................
23,814,633 23,474,178
----------* Carriod at « o s t .
C hicago C ity & C on n e ctin g R ys.- -Report.— Collateral
trust income statement:
Dlvs. on Surp.
Gen.
---------------- Incom e-------- ------ Bond
Calendar
Dividends. Int.
Gross.
Interest.
Exp. Part. Shs. Inc.
Year—
$
$
$
$
$
1912 --------2,364,181 73,069 2,437,250 1,100,000 51,007 1,275,000 11,243
1911 --------2,537,968 74,704 2,612.672 1,100,000 48,762 1,425,000 38,910
— V. 95, p. 1744, 1683.
C hicago Mem phis & G u lf R R .— Sale.—
See Illinois Central H R . below .— V. 94, p. 1762.
$1,328,588 $1,175,267
T o t a l _______ _______ $1,127,708 $1,108,718
$607,497
$5,502
$406,847
$154,426
Balanco, surplus _____
B A L A N C E SHEET DECEMBER 31.
1911.
1912.
1912.
1911.
S
Liabilities—
S
Assets—
$
S
Cost of p r o p e r t y . 18,363,752 17,252,929 Common stock__ 15,604,000 15,000,000
88,738 Preferred stock__ 5,000,000 5,000,000
119.82S
Insurance, A c . . .
147,625
367,327
Supplies, A c----- 5.598,129 4,239,001 Accounts payable.
950,000
439,482 Bills payable------- 2,705,000
512,735
Bills receivable..
60,000
Accts. receivable 2,084,838 2,121,288 Mtg. of Phil, plant
505,082
844,430
848,7.82
601,069 Deposits________
Cash.......... .........
D iv id e n d s p a i d .................
419
$44,607,933 $44,267,478
N a tio n a l Sugar R efin in g Co. of New Jersey.
{Combined Balance Sheet Dec. 31 1912.)
B A L A N C E SHEET DEC. 31 1912, IN C L . C O N STITU E N T C O M P A N IE S .
Liabilities—
Assets—
*R oal ostato and p la n ts .. $9,969,773 Capital s to c k -------- $10,000,000
1,470,500 A ccounts payable_______ 1,331,530
I n v e s t m e n t s ....................
150,000
M erchandise A; supplies. 2,073,434 D lv . payable Jan. 2 1913
Reserve for im pts. and
Prepaid a cc’ts, insur
d ep recia tion ____
800,000
28,701
ance, taxes, A c _______
1,689,507
A ccounts receivable-----148,324 Surplus _________________
280,305
Cash in banks A on hand
C hicago Terre H au te & S o u th e a stern R y .— 1 % Inter
est on Incom es. — The $6,500,000 income mtge. 50-year gold
bonds, tho interest on which is non-cumulative for period
represented by coupons N o . 1 to N o . 8 , inch, will, it is an
nounced, receive 1 % interest, or $ 1 0 , on each $ 1 , 0 0 0 bond,
and no more, on account of the installment of interest repre
sented by coupon N o . 7 at the First N a t. Bank, N . Y . C ity,
or First Trust & Sav. Bank, Chicago, on and after M ch . 1
1913, upon tho surrender of coupons N os. 7 and N o . 8 , each
bearing date M ch . 1 1913. Previous payments, 1 % each,
paid Sept. 1 1911 and M ch . 1 and Sept. 1 1912.— V . 93, p.
469; V . 94, p . 6 2 2 , 1118, 1626; V . 95, p. 419.— V . 95, p.1118.
C hicago & W e ste rn In d ia n a R R .— Qen. 1XI. Called Bds.
One hundred and nine ($109,000) 6 % gen. m tge. bonds o f 1882, for pay
m ent M ch. 1 at 105 and int. at office o f J. P . M organ A C o .— V. 96,
p. 201, 135.
Cleveland Sh ort Line R y .— Stock and Bonds.—
T he Ohio P. S. Commission has granted authority to Increase the com .
stock from $3,750,000 to $4,750,000. T h Lake Shore A M ich . Southern
R y. owns all o f the $4,750,000 com . stock (inch the $1,000,000 just auth.)
and $3,525,000 pref. stock and the $7,000,000 4 j^ % bonds issued.
Application is now pending before the Com m ission for leavo to convert
the $3,525,000 pref. stock into 4 H % 1st RI. bonds, as provided for in the’
m ortgage, and to issue $1,275,000 additional baonds, making tho total o f
bonds $11,800,000, all o f which are now owned b y the Lake Shore or will
be taken by it when issued. A pplication b y the Lake Shore is also pending
before the Commission for leave to guarantee those $11,800,000 bonds.
The New Y ork P . S. Commission yesterday authorized the guaranty.
— V. 96, p. 201.
Cleveland (Electric) R a ilw a y.— Earnings.—
Calendar
Gross
Year. Earnings.
Net
Other
Int. &
Dividends Balance,
Deficit.
Earnings. Income. Taxes.
( 6 % ).
1912 ____ $6,648,756 $1,713,182 $31,017 ------- $1,783,134------1911______ 6,367.449
1,471,480
55,760 $907,989 $903,636
— V. 96, p. 284, 201.
$38,935
284,385
D etro it T oledo & Ir o n to n R y .— Sale Adjourned. — The
foreclosure sale which was scheduled to take place at Spring
field, 0 . , Feb. 5 has been adjourned to April 17.— V . 95,
p. 1745.
D etro it U n ited R y .— On 6 % B asis. — A quarterly divi
dend of \y2% has been declared, payable M ch . 3, on the
$12,500,000 stock, to holders of record Feb. 14, comparing
with 1 % % quarterly from M ch . 1911 to Dec. 1912.
Previous1:Ditidend Record (Per Cent).
1901 to M a y 1905.
4 % yearly.
A ug. ’05 to A ug. '07.
5 yearly.
1911.
5
1912.
5
Earnings.— For year ending Dec. 31:
Year— Gross.
Net.
Oth. Inc. Charges. Die. 15%) Bat., Sur.
1 9 1 2 ...$ 11 ,69 5 ,5 3 0 $3,965,121 $208,857 $2,123,513 $625,000 $1,425,464
1 9 1 1 --- 10,253,134 3,673,092 178,812 2,123,398 625,000 1,103,506
— V. 95, p. 1683, 890.
E d m o n to n
D u nvegan
&
B ritish
C olu m b ia
R y .—
Additional Deb. Stock Offered.— Subscription books were open
at Lloyd’s Bank, L td ., London, until Jan. 28 for an offering
at 92 of £738,356 1st M . 4 % deb. stock, due 1942, uncondi
tionally guar, as to both prin. and int. by the Province of
Alberta, being the remainder of the present total auth. issue
of £1,438,356 ($7,009,000); see full particulars in Y . 95, p.
1273.— V . 96, p. 62.
Fresno H an ford & Sum m it Lake In teru rb a n R y .—
T he com pany has applied to the California R R . Commission for au
thority to issue $1,250,000 bonds. C om pare V. 92, p. 1636.
G a lv esto n -H o u sto n Electric C o .— Increased Dividend.—
A semi-annual dividend o f 2 H % has been declared on tho $3,000,000 com .
stock, payable M arch 15 to holders o f record Feb. 20, com paring with 2%
in Sept. .1912 and 1 H % from Sept. 1909 to M ch . 1912, incl.— V. 95, p. 679.
G eorgia & Florida R y .— N ew Officers .—
In addition to the election o f R . Lancaster Williams o f R ichm ond, pre
viously announced, the following officers havo been elected: Bruce W .
Duer, Vice-Pres. in charge o f operations, with headquarters at A ugusta,
and C . T . Earnest, Secretary and Treasurer. The new officials are con
nected with the banking firm o f M iddendorf, Williams A ,C o ., Balti
m ore.— V . 96. p. 359.
T otal ______ _________ $13,971,037
G eorgia R ailw ay & Power C o., A tla n ta , G a .— D ivs.—
♦ Includes refineries, warehouses, wharves and stables, with their ma•chinory and equipm ent, lands owned in fee or through ownership Of tho on.tire capital stock o f constituent com panies.— V . 96, p . 365.
_ An Initial dividend o f $4 70 per share has been declared on the *2,000,000
6 % cumulative first pref. stock, covering tho 9 2-5 months since tho stock
was issued, on M ch. 18 1912. N o dividends havo as yot been declared on
the $10,000,000 4 % non-cum . second pref. stock .— V. 96, p. 285, 202.
T otal ............................*13,971,037
GENERAL
IN V E S T M E N T
NEW S.
R A IL R O A D S , IN C L U D IN G E L E C T R IC R O A D S .
A tla n tic Shore Line R y ., San ford, M e .— Stock Increase.
T ho com pany has applied to tho M aine HU. Commissioners for authority
•to Increase Its stock from * 1 ,000,000 to not over $2,500,000.— V. 92, p.1700.
B an gor & A roostook R R .— N ew President.— Percy Ft.
Todd has been elected President to succeed Arthur Holland,
resigned. M r. Holland remains on the board as Chairman
of tho Exeoutiva Committee.— V . 95, p. 1121.
B rin so n
R y. 9 .— N ew Officers.— Extension .—
James Im brle o f William M orris Imbrie A C o. has been elected Chairman
o f the board, a newly created position. John II. Hunter, who represents
new interests In tho road, has been chosen Vice-President, and L. W .
T ucker, who lixs been connected with Westinghouso, Church, Kerr A C o .,
to fill tho now position o f General Manager.
T h o extension from W aynesboro, O a ., to St. Clair, about 12 miles, Is
expected to bo com pleted b y Feb. 15, whence trackage has been arranged
to Augusta, 6 miles. This will afford a through line from Savannah to
Augusta, l i 6 miles. In view o f tho increased business to bo taken care
o f tlio directors have voted to m ove the offices from Springfield to Savannah.
A regular semi-annual dividend o f 3 >4% on tho $415,000 7 % cum ulative
preferred stock has been declared.— V. 95, p. 1330.
C en tra l Pacific R y .— Purchase o f Stock.—
See Souther* Pacific C o. below .— V . 94, p. 1762.
G ran d T ru n k R y. of C a n a d a .— Third Preference D iv.
Increased — Tho directors havo declared a dividend of 2 ) ^ %
oil the third pref. stock, payable from the earnings of 1912,
comparing with l lA % from the earnings of 1911 and y2 of
1 % from those of 1910.
The latter was the first dividend declared on the issue since the 3 % paid
April 1908 for the year 1907, previous distributions being 3 % for 1906, 2 %
for 1905, 2% for 1903 and 1% for 1902.
The London Stock E xch. has listed scrip for the £1,000,000 perpetual 4 %
consolidated debenture stock offered last D e c., making the total out
£21,371,942.
Official
Statement.— The following statement was issued
on Feb. 5:
“ T ho Providence extension is a Central Verm ont m atter, and is entirely
in tho hands o f Vice-Pres. G . C . Jones o f St. Albans, T he statements
published from Providence, to tho effect that the Providence extension o f
tho Central Verm ont had not been abandoned, and, if financial arrange
ments can be m ade for the construction o f the line, running rights will be
granted to tho B oston-Providence electric route, which is asking charter
rights to enter Providence over the right-of way o f the Southern N ew Eng
land, are correct. [The Boston A Providence Interurban E lectric R R . has
petitioned tho Rhode Island Assembly to renew its charter for a road over
| tho proposed route o f the Southern Now England R y . in that State, to
; tidewater at Providence. It purposes to con du ct a passenger and freight
! business between Boston and Providence and to run a boat line between
! Providence and Now Y ork . Kidder, P eabody A C o ., Stone A W ebster
j and James F . Shaw o f Boston aro said to bo interested in the com pany.
“ O f courso, this Providence lino has nothing to do with tho proposed ex
tension o f tho Central Vermont to Boston, nor has It any connection with
, the proposed traffic or trackage agreement with the New H aven, which, if
carried out, would obviate the necessity for duplicating the B oston A M aine.
42 0
THE CHRONICLE
"R eferenco to the abandonm ent o f the Providenco line or to an agreem ent
between tho N ew Haven and the Grand Trunk are both misleading,
because there was no abandonment and there never has been an agreem ent—
only a proposed agreem ent.”
President Chamberlain on F eb. 4 telegraphed tho “ Providenco Journal”
in answer to an inquiry, as follows: “ W e have mado every effort possiblo
for the last tw o m onths to finance Southern N ew England, and indications
now are that within tho next few days we shall be successful. Further
m ore, wo have offered tho interurban electric railway facilities over our
right o f w ay from tho point o f their connection both to Union station and
to tho docks.— V . 96, p. 285.
H u n tin g d o n & Broad Top M o u n ta in R R . & C oal C o .—
Committee fo r Sale of Stock.— A committee has been selected
to represent the stockholders subscribing to an agreement
dated Jan. 6 1913 providing for tho sale of at least a majority
of the stock.
T ho com m ittee consists o f Lewis A . R iley, Charles D . B arney, M orris
W . Stroud, Edward Cadwallader and Samuel B ancroft Jr. (address 1303
N orth American B ld g ., P hila.), with Drexel & C o. as depositary, for the
stock pending negotiations for sale thereof. Unless the sale takes place
by April 1 1918 tho stock will be returned to tho owners. T he depositing
stockholders will be under no expense unless a sale is consum m ated. Cer
tificates o f deposit for stock will be negotiable. Unless a m ajority o f tho
outstanding stock is deposited b y April 1 1913, or such later date as m ay bo
fixed b y tho com m itteo, the agreement will be inoperative.— V . 94, p. 1383.
Illin o is C en tral R R .— Acquisition. — The company has
purchased the Chicago Memphis & Gulf R R ., extending
from Dyersburg, Tenn., to Hickman, K y ., 52 miles. Tho
outstanding $735,000 5 % bonds due Jan. 1 1940 are assumed
by the Illinois Central. The earnings for the first six months
of the fiscal year beginning June 30 1912 applicable to inter
est charges were $45,500, or more than the entire interest
charge on the outstanding 1st M . bonds an entire year.
— V . 96, p. 135.
L ittle Miami R R .— Bonds.— L . von Hoffmann & C o.,
N . Y . , have recently offered at 97 and int., yielding 4 .1 5 % ,
$1,070,000 gen. (now 1st) M . 4 % gold bonds, dated N o v . 1
1912 and due N ov . 1 1962. Int. M . & N . Guar., under
lease, both by Pitts. Cin. Chic. & St. L. R y . Co. and by tho
Penn. R R . Co. Tho bonds have all been sold, but see adv.
on another page. A circular reports:
Bonds.— Authorized Issue, $10,000,000, this series o f $1,070,000 being is
sued in partial replacement o f $1,500,000 5 % bonds which matured N o v . 1
1912. T h o balance o f tho bonds m ay be Issued for permanent im prove
ments and betterm ents. All bonds issued must bear interest at 4 % or
less and must be bought at par b y tho Pitts. C in. Chic. & St. L. R y . C o.
N o additional bonds will be available until all tho special betterm ent 4 %
stock authorized under the terms o f tho lease has been issued.
T h e $1,070,000 bonds outstanding cover as an absolutely 1st m tge., at
only $13,000 per m ile, tho Pennsylvania system ’s main lino into Cincinnati'
b oth from C hicago and from Columbus, Pittsburgh and tho East; also tho
Pennsylvania passenger station, freight terminals and land in Hamilton C o.
(C incinnati), assessed, exclusive o f all tracks, at $2,136,390, and the lease
hold rights in tho Columbus & Xenia and D ayton & Western R y. com
panies. Following tho $1,070,000 4 % bonds, tho Little M iam i has out
standing two issues o f guaranteed stocks showing a total equity, m arketwise, o f about $14,000,000.
Lease.— In 1870 tho road was leased to the Pitts. C in. Chic. & St. L . R y .
C o. and tho Pennsylvania R R . C o., under a leaso renowabio forever, tho
lessees guaranteeing interest on bonds, and all renewals thereof as well as
8 % dividends on tho Little M iam i’s capital stock. Last year, tho Littlo
M ia m i’s incom e under this lease was $768,000.
Earnings.— From the operation o f its road, tho Littlo M iami reported in
1911, the latest available figures, net earnings o f $1,021,000. Its solo
interest charge is $42,800 annually and its only other liability is tho guar
anteed dividend o f $142,896 on Columbus & X en ia stock, this obligation
being also assumed b y the Pitts. Cin. Chic. & St. L. and Penn. R R . cos.
M ason C ity & Clear Lake (Elec.) R R .— Sale.—
Seo United Light & R ys. above.— V . 94, p. 1764.
N ashville R y. & L t. C o.— Earns. — For year end. Dec. 31:
Calendar
Total
N et (after Int. on
Pref. D ie. Balance,
Year—
Earnings.
Taxes). Bonds, &c.
(6 % ).
Surplus.
1 9 1 2 .......................... $2,074,990 $886,047 $434,812 $125,000 $326,235
1911 ........................... 1,963,784
838,449
404,582
125,000
308,867
— V. 95, p. 1608.
N . Y . New H aven & H a rtfo rd R R .— N ew Vice-President.
’ A . R. W haloy, form erly Superintendent o f tho N ew Y ork division, has
been elected Vice-President in charge o f operations.— V . 96, p. 203, 63.
New Y o rk O n tario & W e ste rn R y .— Bonds and Equip
ment Trusts Authorized. — The P. S. Commission lias author
ized tho company to issue $1,980,000 additional 4 % bonds,
the price to be fixed later by tho Commission, the proceeds
of which are to bo used to pay bills incurred for capital ex
penses in the amount of $1,571,563, and also $900,000 4 ^ %
equipment obligations, payable $30,000 semi-annuallyMch. 1
and Sept. 1 to and including March 1 1928.
[ V o l . X C V I.
cars mean m oro power and m ore car houses. Therefore, if the com pany is
to m ore fully equip its system with modern cars, some new financing must
bo undertaken. In m y opinion, tho m ost satisfactory arrangement would
be a car trust covering tho entire purchase o f new cars, thus releasing a por
tion of tho $10,000,000 fund to meet the other capital expenditures which
this policy o f expansion will entail.
Tlie plan o f a car trust, by which additional funds m ay bo obtained to
cover the purchaso o f theso cars which we have undertaken to provido as
well as the additional cars which we desire to securo, should in m y opinion
bo at once mado operative.
’
’
[On Jan. 1 1913, in accordance with tho promise made some timo ago the
com pany mado an increase o f wages running from one-half to two cents an
hour to its 7,000 em ployees.]— V . 95, p. 1608, 294.
R apid T ra n sit in New Y o rk C ity .— Injunction .—
T he operating contracts between tho city and the Interborough and
B rooklyn Rapid Transit com panies, with tho numerous changes incorpo
rated therein as tho result o f protracted conferences following tho public
hearing on tho form o f tho contracts, were com pleted on Tuesday, and the
l . S. Commission as a body was expecting to act upon them at an ad
journed special meeting late on that day, when a temporary injunction
m ado b y Justice Hendrick in the Supreme C ourt was served, restraining
action thereon until determination after a hearing o f the m atter beforo th
C ourt. Justice Davis on tho hearing at Special Term on Thursday re
ferred the m atter to the Appellate Division o f the Supreme C ourt, w h o
heard argument yesterday afternoon, in order to save trie tim e which would
be taken up in an appeal to that C ourt.— V . 96, p. 203, 136.
S o u th ern Pacific C o .- -Sale— Right to Subscribe.
Seo Union Pacific R R . below.
Effect of Sale of Central Pacific Stock— Application o f Pro
ceeds.— Julius Kruttsclniitt, Chairman of tho executive com
mitteo, in discussing the sale of tho Central Pacific stock by
the Southern Pacific C o ., states that in his opinion and that
of the officers of tho Southern Pacific Co. “ the not earning
capacity of tho Southern Pacific Co. is not likely to bo de
creased as a result of this sale, and that its financial position
is greatly strengthened by the payment to it of so large a
sum in cash. While tho directors have not decided what
disposition to mako of this money, a considerable part of it
will bo needed in tho near futuro to pay for extensions, for
equipment and for additions and betterments which will
materially add to its earning capacity. Tho amount is suf
ficient to tako care of future requirements without increase
of fixed charges.”
T he Southern Pacific stockholders’ protective com m ittee has unani
m ously approved the plan agreed upon b y tho boards o f tho Southern and
Union Pacific companies.
Further Changes in Officers Recently Announced .—
Tho following changes in addition to tlioso made on Jan. 13 havo been
announced, to com ploto tho separation o f the Southern and Union Pacific
companies: W illiam Rockefeller resigned as a director and m ember o f
tho executive com m itteo, I.. J. Sponco boing chosen d irector in his stead;
Hugh Neill has been made Cleric and Secretary to succeed Alexander
M illar, who resigned.— V. 96, p. 203, 136.
Syracuse Lake Shore & N orth ern R y .— Notes A u th .— •
T he P. S. Commission on Fob. 4 authorized tho com pany to issuo $350 000 short-term notes, to bear not to exceed 5 % interest and to bo sold to
not 9 7 .6 5 % , tho proceeds to be used to pay outstanding notes.— V .9 5 ,p .l7 7 .
Toledo R ailw ays & L igh t C o. — N ew Company Formed .—
Tho reorganization committeo announces that moro than
8 3 % of the $13,875,000 outstanding stock and moro than 9 0 %
of the bonds have consented to tho plan of reorganization
(V. 95, p. 1040; V . 96, p. 361), which will bo declared oper
ative shortly. N o deposits will bo received after Feb. 10.
Tho Toledo Traction, Light & Power Co. was incorporated
n Maine on Jan. 31, with $9,200,000 authorized common
and $ 8 ,0 0 0 , 0 0 0 preferred stock, to tako over tho property,
the Corporation Trust Co. of New Jersoy being in charge of
the details of incorporation.— V . 96, p. 361, 286.
T oledo T raction , L igh t & Power Co .— Reorganized Co.
See T oledo Railways & Light C o. abovo.
T o ro n to (O n t.) R ailw ay.— Earnings— Bonds.—
Seo T oron to Power C o. under “ Industrials” below .— V . 95, p. 545.
T w en ty -eig h th & T w e n ty -n in th Sts. C rosstow n R R .
Justice M cCall in the Supreme C ourt in this city on Fob. 4 dismissed
the com plaint in tho suit brought by receiver Joseph B. M ayer in N ov.
1911 against directors o f tho M etropolitan Traction C o. at the timo o f its
dissolution, to com pel them to give an accounting o f proceeds o f $1,100,000
5% bonds o f tho com pany which it is alleged were not used for tho com
pany’s benefit. (V . 93, p. 1465). T ho Court held that tho bonds wero
issued for the purchaso o f tho property and that they, were legally
issued and tho proceeds put to proper use.— V . 94, p. 488.
U n dergrou nd Electric R ys. Co. of L o n d on —
Earnings of Sub. Companies. — For half-year ended Dee. 3 1 :
L o n d o n E le c tr ic R a ilw a y .
Other Fixed — Dividends— Bal., Sur.
Last Passengers, Gross,
Net
In c. Charges. P ref.
Ord'g.
or D ef.
H a lf. Number.
Rev.
Rev.
£
£
7,477
1
12.778
a63.473
646,640
c
d
e
f.l,4 0 r
1912
49,190.925
376.709
214.007
New Y o rk & Stam ford (Elec.) R y .— Bonds Authorized .— •
1911 48,666,842 366,190 195,249 7,109 97,283 a63.000 646,640 cdef.4,565T he P. S. Commission on Feb. 4 authorized tho com pany to issue $573,
M e tro p o lita n D is tr ic t R a ilw a y .
000 “ first and refunding” M . bonds, tho proceeds to bo used to pay loans
and notes made by tho com pany for im provem ents.— V. 88, p. 1197.
1912 43,092,589 346.655 197,546 53,412 161,590 <177,165 ............su r.12,203
170,16049.076 138.021 <183.415------ cdef.2,200New Y o rk W e stch ester & B osto n (Electric) R y .— 191139.897,061322,815
From tho earnings o f the 6 tnos. in each o f tho tw o years £7,500 was set
Application. — Tho P . S. Commission will hold a hearing on asido by tho London Electric R y. as a reserve for contingencies and renewals
Fob. 8 on the company’s application to issue $6,043,979 and £10,000 by the M etropolitan D istrict R y .
additional 4 ) ^ % bonds.— V . 95, p. 1746.
a D iv . on £3,173,670 at the rato o f 4 % per annum on tho prof, stock,
against £3,150,000 in 1911.
N orfolk S o u th ern R R .— Sale of Bonds.— Harris, Forbes
6 D iv . on £9,327,940 £10 ordinary shares, fully paid, at 1% per annum
c C overed by surplus from previous half-year.
& Co have purchased $6,000,000 first and refunding 5 % 50d Includes dfvs. on 4 % guar, stock in both periods, also on first preferenceyear bonds and will shortly offer them to investors.— stock
at tho rato o f 4 H % per annum in both years and on second preference
stock at the rate o f 2 % per annum.— V . 96, p. 361, 286.
V . 95, p. 1684.
T ho equipment obligations are issued under a car trust agreement with
tho Bankers Trust C o. The proceeds are to be used to purchaso 500 steel coal
cars, 300 b ox, 100 flat, 50 stock and 30 refrigerator cars.— V . 95, p. 818.
P h iladelph ia R apid T ran sit R y .— $4,200,000 N ew Car
Trusts.— Tho Finance Committee of Phila. City Council has
reported favorably an ordinance permitting tho company to
make a new car trust agreement covering its entire purchase
of new cars, in order to securo an issue of not exceeding
$4,200,000 car trust certificates.
T he ordinanco further authorizes the com pany “ from timo to tlm o here
after to provide for additional equipment b y further leases and agreements
which m ay bo made tho basis o f further issues o f car trust certificates, and
to guarantee tho paym ent o f such certificates with the dividend warrants;
said issues not in any case to exceed 80% o f the cost o f said equipm ent.”
Extract from Letter bg E . T. Stolesburg, Managing Director.
T h o present management has been providing new equipment for the ele
vated and tho near-side cars for surfaco lines much m oro rapidly than was
anticipated, and the near-side car has proven such a success that tho com
pany feels it should equip practically all o f the principal lines with thorn
at tho earliest possible m om ent. This it cannot d o out o f the proceeds o f
the $10,000,000 loan already authorized without cutting into other expendi
tures equally Im portant in the developm ent o f the system . In fact, m ore
U n ion Pacific R R . — Official Statement as to Proposed Plan
for Purchase of Entire Stock of Central Pacific RR. — E n
tire Holdings of Stock in Southern Pacific to be Offered for Sub
scription at 9 8 % — Proceeds o f $84,675,500 with $5,449,000
Bonds and $14,065,441 Other Cash to go to Southern Pacific .—
Tho following statement was given out on Thursday:
“ The boards of directors of tho Union Pacific R R . Co.
and Southern Pacific C o. at meetings held to-day approved*
plans which have been under consideration by special com
mittees for several weeks and which havo been worked out
with tho Attorney-General, subject to tho approval of the
Court, as follows:
“ Tho purchaso by tho Union Pacific of the entiro capital
stock of tho Central Pacific, consisting of $67,275,500 par
value of common and $17,400,000 par valuo preferred for-
THE CHRONICLE
F e b . 8 1913 ]
the sum of 8104,189,941— the cost at which it stands upon
the books of tho Southern Pacific C o.; $84,675,500 of this
amount was to have been paid in stock of tho Southern
Pacific C o. held by Union Pacific at par, but legal difficul
ties having boon found in the way, the plan has been changed
so that payment is to bo made as follows, viz.:
“ The $126,650,000 par value, being tho entire amount of
stock of Southern Pacific Co. held by tho Union Pacific [the
entire outstanding issue being $272,672,405— Ed.] is to bo
offorod to tho stockholdbrs, common and preferred, of tho
Union Pacific and stockholders of the Southern Pacific C o.
other than tho Union Pacific and Oregon Short Line, for
subscription at 9 8 ^ % and accrued dividend. This offer is
to bo underwritten and subscribers are to receivo the divi
dend payable April 1 1913 (details to bo given later).
“ Tho proceeds of $84,675,500 of this stock less the under
writing commission and expenses is to bo paid over to South
ern Pacific C o., together with $5,449,000 of tho Southern
Pacific C o .’s 4 % gold bonds and $14,065,441 in cash.
“ Tho Attorney-General of the United States has assented
to the essential features of this plan, but it is of course sub
ject to tho approval of the District Court in which tho
Government litigation is pending and also dependent upon
tho approval by tho California Railroad Commission of
agreements for certain trackage and running rights in that
State. Tho plan and agreements will be presented to the
Court and Commission with tho least possiblo delay.”
Terms
of
U nderwriting
Agreem ent,
R eported
U nofficially.
M em bers o f tho syndicate which is to be form ed by Kuhn, Loeb & C o. to
underwrite tho purchase o f the $126,0.50,000 Southern Pacific stock will be
required to malco the first paym ent on M arch 21, tho second on July 1, tho
third on O ct. 1 and tho fourth on Jan. 1 1914. Subscribers will bo allowed
tho full dividend on tho amount o f Southern Pacific stock subscribed for,
but tho syndicato will charge 6% interest for all unpaid balances. Paym ent
in full m ay be mado at tho option o f tho holder on M arch 21, or at any time
during the 12-months’ period for which instalimentsimay bo paid. T he
syndicate, it is said, will receive a com m ission o f 2 % .
Further Changes o f Directors Announced this W eek .—
Frank Trum bull, Chairman o f tho Cliosapeako & Ohio, and W illiam
Averell Ilarrlman, a son o f tho iato E . II. Uarriinan, have been elected
directors to succeed Julius Kruttschnitt and II. W . do Forest, who resigned
bccauso o f their connection with tho Southern Pacific C o. W illiam M alil,
who will remain with Southern Pacific, resigned as a Vice-President,
being succeeded b y C . II. Soger. Josoph llellon, Assistant Secretary, is
succeeded by Thom as Prico, who was E . II. Harrlman’s personal Secretary.
N o successors wero elocted to M axwell Evarts, who rosigned as general
ounsol, and Lewis J. Sponco as D irector o f T r a ffic .— V . 90, p. 301, 130.
U n ited L igh t & R ys. C o .— Acquisition.— The company,
it is reported, is negotiating for tho purchaso of tho Peoplo’s
Gas & Elec. Co. and tho Mason City & Clear Lake (Elec.)
R R . of Mason City and Clear Lake, la .— V . 95, p. 1474.
U n ited Power & T ran sp orta tio n C o.— Earnings .—
T)ivs.,&c.,
Expenses
Interest
Balance
Bailments.
for Dies.
Calendar Year—
Received.
fa xes.
$350,070
$010,227
1912.........................- ............ -$999,514
$32,011
356,070
200,939
1911______ ____________ ___ 604,842
47,220
Total surplus D oc. 31 1912, after deducting dividends amounting to
$400,000, was $1,288,419.— V. 94, p. 418.
V irgin ian R y .— Slock Reduced— Directors.— Tho stock
holders on Feb. 1 ratified tho plan to reduce the common
stock from $34,850,000 to $31,271,500. Compare V . 96, p. 287.
John W . Sterling of Shearman & Sterling and F. C . Uhlnian havo been elected directors, increasing tho number of
directors from 9 to 11.— V . 96, p. 287.
W a b a sh -P ittsb u r g h Term inal R y . — Plan About Ready.
Daniel B . Ely & C o ., 80 B w ay., announced on Thursday:
T ho plan for tho reorganization o f tho W abash-Pittsburgh Terminal and
W heeling & Lake Frio, including agreements for exchange o f securities, and
subscription to tho now bond issue, is about ready to go to the printers.
An increase in the apportionm ent o f the W heeling & Lako Frio m inority
stock interest has been added to the plan and there is under consideration
an attractive feature in connection with tho com m on stock o f tho new
com pany. Com pare V. 96, p. 287.
W e ste rn M aryland R y .— Improvements.— Tho “ Balti
more Nows” says that a deal was closed on Jan. 31 for tho
purchaso of 90 acres of land at Port Covington for terminals
in that city.
T ho price is said to be about $900,000 and the work when com pleted will,
it is reported, cost about $5,000,000. The land adjoins tho present termi
nals and upon it will be erected wharves, warehouses, elevators, & c., as
required under tho traffic arrangement witli tho N ew York Central systom .
N ew Executive Committeeman Elected .—
Jerome D . Grceno, recently elected a director to succeed W inslow S.
Pierce, has been also mado a member o f the executive com m ittee in placo
o f M r. Pierce.— V . 96, p. 362, 287.
IN D U S T R IA L ,
GAS
AND
M IS C E L L A N E O U S.
A llis-C h alm ers C o .— Foreclosure Sale.— The real property
in Wisconsin was sold under foreclosure sale on Feb. 3 for
$2,250,000 to the reorganization committee, the only bidder.
All porsonal and other property in Wisconsin not covered b y the salo
will bo sold on Feb. 27. Sales o f real property outside o f W isconsin will bo
held within a short time on dates not yet set.— V . 96, p. 362.
Am erican Axe & T ool C o., G lassp ort, P a.— Neiv Pres .—
J. 1’ . Kelly has been elected President to succeed Charles W . Hubbard
J r ., who resigned.-— V. 85, p. 158.
Am erican C an C o., N . Y . — Annual Report.—
See “ Annual R eports” on a preceding page.
Sale of Debentures.— The directors on Jan. 31 and the sliaroholdors on Fob. 4 authorized a total issue of $15,000,000 15yoar 5 % gold debentures, redeemable at 1 0 2 and int.,
with a sinking fund of $500,000 annually. Of these deben
tures $14,000,000 havo been sold to tho Guaranty Trust
Co. and Leo, Higginson & C o . of Boston.
Accumulated Dividends.— N o action has as yet been taken
regarding payment of back dividends ( 3 2 % % ) on tho prof,
stock and Pros. Wheoler is quoted as saying that tho matter
will not bo acted upon boforo tho regular meeting of tho di
rectors early in M arch.— V . 96, p. 362, 64.
421
Am erican H aw aiian Steam ship C o. — Bonds Called .—
Ono hundred and forty ($140,000) series “ B ” 6 % gold bonds, dated
F eb. 1 1901, wero called for paym ent at 105 and int. on Feb. 1 at E quitable
T rust C o ., N . Y .— V. 95, p. 421.
A m erican M u ltigra p h C o ., C leve. — Right to Subscribe.—
C om m on stockholders are offered the right to subscribe for 2,500 shares
o f tho new issuo o f pref. stock authorized by the stockholders in N o v . last
in tho ratio o f ono share o f pref. stock for every 20 shares o f com m on at
$100 per share. This will raise the outstanding pref. to $750,000 o f tho
authorized $1,000,000 7 % cum . pref. capital stock.
T ho proceeds from tho sale o f this stock will be used to retire the unex
changed portion o f the old pref. issue; for the addition to the fa ctory and
office building, now nearing com pletion; and for working capital to take
care o f tho Increased business.— V . 95, p. 1474.
Am erican Power & L ig h t C o ., New Y o r k .— First Com
mon Dividend .—
A dividend o f 1% has been declared on the $5,631,400 com m on stock,
payablo M arch 1 to holders o f voting trust certificates o f record Feb. 20.
— V . 95, p. 1124.
Am erican R a diator C o .— Stock D iv. and Increase .—
A dividend o f 10% , payablo in com m on stock, has been declared on tho
$6,765,000 com m on stock, in addition to the usual quarterly distribution o f
2 % and the usual extra (yearly) dividend o f 2 % . All o f the payments
arc to bo mado M ch . 31 to holders o f record M ch . 21. T ho same extra divi
dends, payablo in stock and cash, were disbursed in M ch . 1912. T he usual
quarterly paym ent o f l % % will be m ade on the 83,000,000 pref. stock on
Feb. 15 to holders o f record Feb. 6. T he stock dividend just disbursed will
require $676,500 additional stock, increasing the total outstanding am ount
to $7,441,500. As the present authorized stock is only $7,000,000, tho
stockholders will vote on M ch . 5 on increasing the authorized am ount
from $7,000,000 to $9,000,000.
Previous Dividend Record (Per Cent)— A ll Cash Payments.
1904 1905 1906 1907
1908 1909 1910 1911 1912
4
4
4
4
6
8
8
8
C o m m o n _____ 1
E x t r a ................................................
2
2
2
2
2
2
— V . 93, p. 797.
Am erican Sm elting & R efin in g C o.— N ew Director .—
William Loeb Jr., C ollector o f the Port o f New Y o rk , whoso term expires
noxt m onth, has been elected a director and m em ber o f the executive com
m ittee o f tho American Smelting & Refining C o . and o f tho Am erican Smel
ters Securities C o. and o f tho Guggenheim Exploration C o. and practically
all o f tho Guggenheim companies; also Vice-Pros, o f tho Guggenheim Ex
ploration C o. M r. Loeb has recently becom e connected with tho Guggenhoims.— V. 95, p. 615.
Am erican Steel F o u n d rie s.— Dividends Resumed.—
A quarterly dividend o f 14 o f 1% has been declared on the $17,184,000
stock, payable M ch . 31 to holders o f record Feb. 7, being the first dividend
sinco M a y 15 1911, when 1 M % was paid, quarterly payments having been
mado at that rato from M a y 1910 to M a y 1911, inch— V. 95. p. 1275.
Earnings.— For calendar year 1912:
Depre
Calendar
Gross
Other
Fixed
Balance
for Divs.
Year—
Earnings.
Incom e. Chges.,&c. ciation .
1 91 2 ..................... .$1,543,838 $44,927 $488,503 $322,507 sur.$777,756
199 .m
def. 514,802
1911 .................. —
128,354
39,453
483,498_
As to resum ption o f dividends, see above.— V . 95, p. 1275, 1124.
A m erican Straw board C o . — Sale o f Stock.—
Sco United B ox Board C o . below .— V . 95, p. 112.
Am erican Tobacco C o ., New Y o r k . — Quarterly Dividend
on Common Raised from 2 ) ^ % to 5 % (2 0 % p . a.) ; 1 5 %
from Sale of Security H oldings. — A quarterly dividend of
5 % has been declared on the $40,242,400 common stock,
payable March 1 to holders of record Feb. 15, comparing
with 2 l/2 % quarterly since June 1912, when payments were
resumed after the sale of certain properties under decree of
the U . S. Supreme Court.
A distribution of 1 5 % cash will also be mado at the same
time to common stockholders of record of the same date,
tho amount called for, “ $6,036,360, being part of the cash
proceeds of the sale of certain securities heretofore held by
'the company, disposition of which has heretofore been ordered
by tho Court to bo made before Jan. 1 1915.”
This distribution action Is similar to that o f six m onths ago, when, acting
in accordance with the C ourt’s decree, $8,000,000, or 20% , was distributed.
— V . 95. p. 362 — V . 95. p. 1747.
A tla n tic C o tto n M ills. — Offer for Stock.—
See P acific M ills below .— V . 83, p . 1472.
C on so lid a tio n C oal C o. — Increase of Stock to Provide for
Convertible Bonds.— Tho stockholders will vote on Feb. 18 on
increasing tho capital stock from $25,000,000 to $31,190,500,
and also approving the action of the board in authorizing
tho issue of $6,500,000 convertible 10-year 6 % notes, tho sale
of which was recently arranged .
T ho Fidelity Trust C o ., which is handling the Baltimore end o f the syndi
cate, report that the subscriptions for participation to the Baltimore allot
ment (about $1,500,000) aggregate over three times the amount o f the
offering.— V. 96, p . 363.
C o n tin e n ta l U tilities Co. of Delaw are, L a n sin g .— Bds.
II. W . N oble & C o ., D etroit, are offering $150,000 I s t M . 6s, dated Jan. 2
1913 and duo Jan. 2 1933, o f this new holding com pany. T otal auth.,
$2,000,000; present issue, $150,000. Int. J. & J. 2 at Security Trust C o .,
D etroit. Pres., J. B . Saeger. Incorp. in Dela. Jan. 9 with $3,000,000
authorized stock.
C rucible Steel Co. of Am erica. — N o Quarterly Earnings
A representative o f tho com pany is -quoted as saying: “ W o do not issue
quarterly reports, nor do we expect to issue any in tho futuro, the only public
report we make being that presented to our stockholders at the annual
m eetin g ."— V . 95, p. 1475.
D etroit R ock Salt C o .— Reorganization— Sale .—
Sco International Salt C o . below.
E ast O hio Gas C o.— Bonds Offered.— A . B . Leach & C o.
and J. & W . Seligman & C o. are placing at par and interest
$4,000,000 1st M . 5 % sinking fund gold bonds, dated July 1
1909, due July 1 1939; redeemable at 105 and int. on any int.
dato on 30 days’ notice, either for the annual $500,000 sink,
fund that began Oct. 15 1911 or otherwise. Par, $1,000
c*&r*.
Int. J. & J. N . Y . Trust C o ., N . Y . , trustee.
A circular shows capitalization, &c.:
Stock, auth. and out ($10,000,000 is pref. 7% cu m .)..............--$20,000,000
First M . 5 % s. f. gold bonds auth. $25,000,000; less, reserved
for acquisitions, & c., at 80% o f cost, and provided the annual
not earnings aro 1 ?.( times tho interest charge, incl. bonds
then to bo issued, $ 5 ,0 0 0 ,0 0 0 , and redeemed and canceled
b y the sinking fund, $1,000,000; balance outstanding (incl.
$5,000,000 bonds presently issued)................................. ............... 19,000,000
Condensed Extracts of Letter from Pres. M. B. Daly, Clevel’d, Jan. 28.
Organization.— Incorporated in Ohio as a consolidation o f Fast Ohio Gas
C o . (natural), Cleveland Gas Light & C oke C o. (estab. 1846) and People’s
Gas Light <fe C oke C o. (estab. 1861), the tw o latter supplying artificial gas
to Cleveland, lias recently purchased the properties and franchises o f
M ohican Gas & Oil C o ., serving several prosperous com m unities.
THE CHRONICLE
Names o f 42 Cities ancl Towns Now Supplied with Artificial and Natural Cas.
Cleveland,
CuyahogaFallsUlirichsville, N ew M Id ’ton, East Palestine,
E . Cleveland, Allianco,
Dennison,
H azelton,
Barberton,
Lakew ood,
C anton,
Clarington,
Petersburg,
H ubbard,
N ew burg,
M assillon,
K en t,
Austlntown, W ooster,
So. N ow burg, N ow Berlin, Ravenna,
Youngstow n, Shrove,
N ewburg H ts.,C an al D over, Struthers,
W arren,
Orrvillo,
Bratonahl,
N ew Pbiladel., Lowellvillo, Niles,
Millersburg,
C orlett,
W adsw orth, Poland,
Girard,
Londonvillo’,
A kron,
DOylestown,
Population so served was, at last Census, over 925,000, and is now over
1,000,000. From 1900 to 1910 Cleveland increased from 380.000 to 560 000; A kron. 43.000 to 69,000; Canton, 31,000 to 50,000; Youngstow n,
45,000 to 80,000. C om pany has about 210,000 customers.
Properties.— Owns strong franchises and com plete distributing systems
in Cleveland and the other cities served and three main pipo lines now in
operation transmitting natural gas, and is placing a fourth main lino under
construction, increasing tho total mileage o f mains, distributing systems,
& c., to over 1,750 miles.
Bonds.— T o finance tho purchase o f tho properties o f the M ohican Gas &
Oil C o ., and to provide funds for enlargement o f its plants in Cleveland,
and for construction o f tho fourth pipe line, the com pany has authorized
the salo o f $5,000,000 o f its 1st M . 5 % 30-ycar gold bonds.
S etup ty.— A n absolute 1st M . on tho properties o f the com pany, em brac
ing (a) Entiro distributing systems in tho various cities nam ed, except
A llianco, where gas is sold to a local corporation, (b) Valuable real estato
in Cleveland and Akron, (c) Entiro pipe line system . The value o f tho
property exclusive o f franchises, & c., is far in excess o f the entire funded debt
Earnings for Calendar Years—
1910.
1911.
1912.
Gross earnings--------------------------$3,753,804 $3,947,155 $4,416,270
N et earnings, after taxes....... ...........
2,340,882
2,593,752
2,709,937
Interest on bonds-----------------------------750,000
744,930
712,500
Dividends on preferred stock _______
596,914
700,000
700,000
Surplus................................................ ..
$993,937 $1,148,821 $1,297,437
During tho calendar year 1912 the com pany earned about 4 times its
interest charges. Its net earnings being practically 3 times the interest
charges on the entiro present funded debt, aggregating, including the bonds
now sold, $19,000,000.
Management.— Tho capital stock Is closely held b y interests identified
with tho ■management. Directors: A . C . B edford (V.-Pras. o f Standard
Oil C o .), ,J. W . R . Crawford, M . B . D aly, F. B . Enslow, Calob E. Gow cn,
II. V . Shutters and S. It. Tolies.— V . 96, p . 364.
F a irm ou n t Coal & Coke C o ., P h ila .— Overdue Coupon.
Treasurer Jamos Fahnestock Feb. 1 announced that coupon N o. 36, duo
D ec. 1 1907, from tho ($550,000) 1st M . would bo paid on presentation
at Farmers’ Loan & Trust C o ., N ew Y ork .— V. 94, p. 419.
Four
States
C oal
&
Coke
C o.,
P ittsb u rg h ,
P a.—
T ho stockholders on Jan. 18 authorized an increase in the preferred stock
from $1,500,000 to $2,500,000, o f which $250,000 is to bo issued at once for
additional working capital. It Is proposed to open two m ore mines, the
present capacity being 1,500,000 tons.— V . 96, p. 283.
G ilch rist T ra n sp o rta tio n C o., Cleve.— Receiver's Sale .—
T h e receivers will offer at public salo on M ch . 6 tho remainder o f tho fleet,
under order o f tho U . S. District C ourt, N orthern District o f Ohio, Eastern
D ivision, dated April 29 1912 and supplemental order made Jan. 27 1913.
T h e sale will proceed from day to day until all o f the property shall have
been sold, and tho same will be offered first as fleets subject to the indebted
ness on each o f said fleets, and thon boat b y boat for cash, free and clear
o f all incumbrances. ”
.................
'
" * '
'
.. .
tho appraised value o f any o f said fleets or boats.
N o.
N o.
Appraised
N o.
Bonded
Appraised
N o.
Bonded
Value.
Debt.
Fleet. Vessels.
Fled. Vessels.
Value.
Debt.
$1,640,000 $500,000
7
6
1
8
$942,000 $210,000
8
410,000
108,000
2
2
5
875,000
200,000
518,000
180,000
9
3
2
3
394.000
100,000
158,000
30,000 *10
4
1
2
96,000
148,000
30,000
6
1
* 26-36 interest.
Said fleet is also mado up o f 14 modern boats or steamers to bo paid for
in cash upon confirm ation o f sale.— V . 96, p. 205.
G old field (Nev.) C on so lid a ted Mines C o.— Earnings .—
[ V o l . XCVI
standing, $2,431,000 aro reserved to retire gen. M . 5s m aturing 1926, and
$150,000 for expenses o f such refunding. The remaining $5,000,000
bonds can only be issued for 80% o f tho cost o f future extensions, etc.
T ho Securities C om pany’s $2,500,000 collateral trust bonds aro subject
to call at 1 0 2 and in t., and the sinking fund will retire tho samo at m a
turity. Physical and replacement value o fth o property o f tho Indianapolis
W ater C o. is, according to experts, considerably in excess o f all bonded d ebt
and tho pref. stock o f tho Securities C o.
T he city has tho right to purchaso the property at any time on six m onths’
notice, at a price to bo fixed by arbitration in case tho directors and tho
Com m on Council fail to agree thereon.
Present net earnings, after bond interest and liberal depreciation ch rges
aro abou t 1
times tho dividend requirements o f tho preferrred stock
Earnings 12 Months ending Dec. 31 1912 (December estimated)
'
Gross revenue______________ $840,928 Int. on Ind. W . C o. 5s & 6 s .$230.405Operating expenses-------------- $189,752
Securitics C o. 6s____
1 5 0 000
Taxes and depreciation______116,144 7 % divs. on pref. stock ____ 105,000
N et earnings------------------- $535,032
S u r p lu s _________ __ _
$49 927
T ho franchise and contract rights are unusually advantageous and freefrom burdensom e restrictions.
Comparative Gross Earnings o f Indianapolis Water C o., 1885/0 1910.
1885.
1890.
1895.
1900.
1905.
1909.
1910.
P o p u l a t i o n ... 90,000 105,436 137,000 169,164 214,000 240,000 248,000
§
.$
§
$
$
D om estic re v . 61,214 9^fl60 168,814 238,743 355,563 504,285 543,501
P ublic revenue,
hyd r., & c .. 2 9 ,779 34,438 56,629 86,165 94,837 113,674 118,482
T o t a l ------------ 90,993 134,599 225,243 324,908 450,400 617,959 666,373
Average amniaUncreaso in total revenue from 1885 to 1 9 1 0 ................. -8 -3 %
In te r n a tio n a l C o tto n M ills .— N ew Co.— Tho company
was incorporated in Massachusetts on Fob. 7 with $21,00 0,
0 0 0 authorized capital stock, consisting of $ 6 ,0 0 0 , 0 0 0
com
mon, $8,000,000 first pref. 7 % cumulative and $7,000,000
second preferred stock, as a reorganization of tho Interna
tional Cotton Mills Corporation per plan V . 95, p. 1686.
O f the stock $5,700,000 com m on, $2,000,000 first prof, and $6,500,000second pref. will be issued at present to acquire tho property and for
working capital.
In te r n a tio n a l Paper C o., New Y o r k .— N ew Officers .—
Philip T . D odge, President o f the M crgonthaler L inotypo C o ., has been
elected President also o f the International com pany, succeeding A lon zo
N . Burbank (form erly I’resident and Treasurer), who becom es Chairman
o f tho board. Owen Shepherd has been made Treasurer. M r, D od g e
will retain the Presidency o f the Linotype C o .— V. 96, p. 65.
In te rn a tio n a l P u lp C o .— Gold Notes Called .—
All o f the outstanding gold notes (N os. 1 to 60. incl.) dated M ch . 1 1910
have been called for paym ent on M ch . 1 at Broadway Trust C o ., N . Y .
In te r n a tio n a l Salt C o.— Acquisition. — Tho company
has, through tho purchase of stock, acquired control of tho
Detroit Rock Salt C o ., which oporates a doep rock mino
in Oakwood, just south of Fort S t., outside the westerly
limits of Detroit. Tho capitalization consists of $1 ,5 0 0 ,0 0 0
common, $240,000 pref. cumulative 6 % stock and $1,000 ,
0 0 0
2 0 -year bonds bearing 8 %
interest tho first year, 4 %
tho second year, 5 % the third year and 6 % tho fourth year
and thereafter; Security Trust C o. of Dotroit,
trustee
The shaft is approximately 1,150 ft. deep and tho capacity
about 12,000 to 15,000 tons a month. A reorganization of
the Dotroit Salt C o. (V. 95, p. 48 3 ).— V . 95, p. 423.
K an sas N atu ra l Gas C o .— Foreclosure, etc.—
$745,534
T ho Fidelity T itle & Trust C o . o f Pittsburgh on F eb. 3 filed a suit in the
Federal C ourt to foreclose tho m ortgage under which $1,600,000 6 % bonds
are outstanding on which interest was defaulted on N o v . 1 last. Judge
Pollock referred the question o f rates to tho Kansas Stato Utilities C om
mission and urged the various cities in tho meantim o to "co-op era to with
tho Comm ission to save tho situation,” saying there can bo no permanentrelief unless something is done to lim it the uso o f gas to lighting and cook
ing. T ho C ourt ordered the receivers not to shut o ff the gas ponding a
further hearing on Feb. 24. Com pare V . 96. p. 139. 65.
G rasselli C hem ical C o., C levelan d .— Nciv Stock.— It was
voted at the annual meeting Jan. 23 to increase the auth.
capital from $7,500,000 (all of one class) to $20,000,000,
of which $5,000,000 will bo 6 % cumulative preferred.
Calendar
Gross
Net (after
Depre'interest IT.Divs. Pal. for
Year—
Earnings. Taxes, A c .)
cialion.
Paid.
(5 % ). Common.
1 6 1 2 ..........$4,444,498 $2,305,396 $266,217 $1,015,357 $125,000 $898,822
1911 - - - - - 4,342,036
2,217.003 251.485
987,477
125,000 853,040'
— V. 95, p. 1125, 240.
Production ( Tons Treated and Shipped) and Earnings for Fourth Quarter
(.December Approxim ated).
Month—
Dry Tons. Cross Value. Total Costs. N et Profits.
O c t o b e r ................................ .30,573
$413,633
$171,470
$242,163
N o v e m b e r ........................... 27,775
419,149
168,778
250,371
D e c e m b e r...............................27,946
423,000
170,000
253,000
T o t a l ......... ................. ...8 6 ,2 9 4
— V . 95, p. 1544.
$1,255,782
$510,248
Laclede Gas L igh t C o.— Earnings .—
N o imm ediate use o f tho now stock, it is said, is contem plated, but it will
Lake Superior Paper C o., L td . — Further Bonds .—
be issued from tim e to tim e as increaso o f business makes additional funds
T ho London Stock Exchange has listed a further Issue o f £256,800 6 %
desirable. T h o com pany makes an extensive line o f heavy chemicals.
1st M . 30-ycar gold bonds, 1941, making tho total listed 8925.800.— V. 92.
Business began, it is said, in 1839, and dividends o f 8 % yearly paid for past p. 798.
15 years. N o bonds. T h o com pany s plants are located as follows:
Maxwell M otor C o., New Y o r k .— Directors Elected .—
Alabam a— Grasselli, D otham , Selma; Indiana— East C hicago, Fortvillo;
James C . B rady, Harry Bronner, Eugene M oyer Jr., Henry Sanderson,
Ohio— Cincinnati, C anton, Cleveland; (main fa ctory); Pennsylvania—■
W
.
E . Potter, George II. Burr, W . Patchings, W . J. M aloney, W . F. M c
B oughton, Beaver Falls, N ew Castle. M eadow B rook, W V a.; Grasselli.
Guire and W alter E. Flanders.— V . 96, p. 206.
N . J ., Park C ity , U tah, and Ham ilton, O n t., Canada.— V. 95, p. 1611,
H a m ilto n (O .) Gas & Electric C o.— Successor Co.—
See Ham ilton Utilities C o. below .— V . 95, p. 547.
H a m ilto n (O .) U tilities C o.— Successor Co.—
T h o com pany has applied to tho Ohio 1’ . S. Commission for authority
to purchaso tho Hamilton Gas & Electric C o. and to issue therefor $255,000
stock.
H ock in g V alley P roducts C o.— Demurrer Overruled.—
Justice Newburger in tho Supromo C ourt In this city on Jan. 29 overruled
the demurrer in tho suit brought b y certain stockholders in Juno 1912 to
set asido the lease o f oil lands in the new Straltsville field to tho Chartiers
O ilC o . T ho case will now bo tried on tho merits. Com pare V. 91, p, 1568.
In d ia n ap olis W a te r C o.— Earnings, & c. —
See Indianapolis W ater W orks Securities C o. below .— V . 95, p. 1611.
In d ia n ap olis W a te r W orks Securities C o.— Bonds Of
fered . — Graham & Co. and W . II. Nowbold’s Son & C o.,
Philadelphia, offered on Jan. 20 at par and div. from Jan. 1
tho $1,500,000 7 % cum. pref. (p. & d.) stock, par $100, re
deemable after Jan. 1 1916 at 105 and divs. on any int. date,
upon 30 days’ notice. Dividends A . & 0 .
Voting power
in ease dividends are defaulted.
Capitalization—
Authorized. Outst’g.
8 % collateral trust bonds (V . 96. p . 139).................. $2,500,000 $2,500,000
7 % pref. stock (remainder can be issued only after 3
years, when tho net earnings aro twice the pref.
dividend, inch the stock to bo issued)___________ 2,500,000 1,500,000
C om m on stock ______ ________________________________ 2,000,000 2,000,000
A b s tr a c t o f S ta te m e n t by P res. C. II. G o ist, P h ila d e lp h ia , J a n . 3 1913.
Incorp. in Dolaware and owns $4,999,350 o f total Issue o f $5,000,000
capital stock o f tho Indianapolis W ater C o ., a com pany which since 1881
has been supplying tho city o f Indianapolis with water derived from tho
W hite River supplemented b y the Falls Creek and a few driven wells,
tho only available supply in the vicinity o f Indianapolis. T h o water is con
ducted by canal about 8 miles to the outskirts o f tho city, filtered by
gravity system and then pumped into the mains, abou t 60% o f It by water
power and the remainder by steam. T h o supply is estimated at six times
tho present consum ption; itis o f exceptional purity, all, excepting tho small
portion obtained from wells, being filtered.
Tho Indianapolis W ater C o. lias authorized $10,000,000 “ first and ref.
M . " 4 f6 % bonds, duo 1940 (V . 90, p. 1557), o f which $2,419,000 aro out
Meritas M ills, C olu m bu s, G a .— Status, A c.—
Seo Standard Oil C loth C o. below.
N ation a l C an dy C o .— N ew Director Elected —
F.
F . R eed has been elected to succeed A . II. B urt.— V . 91. p. 1314.
N ation a l Grocer C o.— Earnings .—
Calendar
Total
Year.
Sales.
1912 __ $10,505,148
1911 __ 10,257,565
— V. 95, p. 46.
Gross
N et,after Pref. divs.
Profits. I)ep r.,A c.
(6 % ).
$954,910 $201,907 $90,000
1,040,670
282,537
90,000
Com.divs.
(5 % ).
$100,000
100,000
Ilalance,
Surplus.
$11,907
92,537
New Y o rk & R ich m on d Gas C o.— Earnings .—
Calendar
Total
Year—
Earnings,
191 2 ................$336,659
1911 ________ 312,486
— V. 94, p. 1320, 490.
Expenses,
Taxes,A c .
$174,106
168,450
Net
Earnings.
$162,553
144,036
Pond
Int., A c.
$76,597
78,470
Balance,
Surplus.
$85,956
65,566
O ttaw a (C an .) Electric R y .— Earnings .—
Cal.
Gross
Net
In t., Contingent
Year— Earnings. Earnings. Tax.,Ac. Account.
Dividends.
1912
$934,398 $400,059 $44,202 $69,000 (15% )$255,948
1 9 1 1 -., 840,681
354,691
59,139
78,000 (1 5% ) 187,155
— V. 95, p. 1473.
Balance.
Surplus.
$30,009
30,397
Pacific M ills, Law rence, M ass .— Proposed Purchase.—
Tho company, it is understood, has arranged to purchaso
a majority of the 82,000,000 capital stock of the Atlantic
Cotton Mills.
C o n d e n s e d C ir cu la r from B eacon T ru st C o .. B o s to n , P eb. 3 1913.
Having bought a m ajority o f tho capital stock o f tho Atlantic C otton
M ills at $12 50 per share, we will purchase all or any part o f tho rem ainder
at tho samo price, provided it bo delivered to us on or beforo Fob. 15 1913,
properly endorsed for transfer. In fixing tho price at $12 50 por share, w o
havo estimated tho plant at 8500,000. In order to insure to all stockholders
a price per sbaro based upon any price groater than $500,000 which tho plant
will bring at public sale, we suggest that the stockholders voto to sell tho
plant at public auction, subject to any unpaid taxes, assessments. & c.,
and we will pay to each shareholder whoso stock wo shall acquiro his
pro rata o f any excess or the price obtained at such salo above $ 1 2 50 per
share. [Tho A tlantic M ills aro said to own about 3,000 looms and 105.000
spindles and to have outstanding debts o f $250,000 or more. C om pare
V. 83, p. 1472. — V. 96, p. 291.
6»
ifl
P eop le’s G as & Electric C o ., M ason C ity, l a .— Sale.—
Sco United Light & Rys. under “ Railroad” a b o v e — V. 83. p. 1350.
P h ila d elp h ia Electric C o.— Proposition to Lease.— -The
directors mot on Fob. 5 to consider a proposition received
last Saturday from United Gas Improvement Co. to take a
lease of tko company’s property. The board adjourned with
out making public the terms of the offer, but aro expected to
meet again shortly.
, TT „ T
Tho Pblla. “ Record” on Feb. 7 said: “ It is reported that the U. G. 1.
offer to guarantee a dividend of 8% per annum on tho $17 50 paid in
on the I’ hila. F.lectrie, and that this figure is considered much too low by
the stockholders, who point to tho fact that, with the lighting field by no
means fully developed, their company earned about 9}<j % on its capital
stock last year.” — V. 95, p. 301.
R u b ber G oods M a n u fa ctu rin g C o., N . Y .— Time for
Exchange Extended to Feb. 15.—
Tho U. S. Rubber Co. has extended to Feb. 15 tho time for tho accep
tance of its offer of Dec. 14 1912 to issue its 1st pref. stock, share for share,
in exchange for prof, stock of tho Rubber Goods M fg. Co. (Compare
V. 95, p. 1688.)— V. 96, p. 291.
(M .) R u m ely C o., La P orte, I n d .— First Common Div.
An initial quarterly dividend of 1 lA % has been declared on the common
stock, payable March 3 to holders of rocord Feb. 20.— V. 96, p. 20/.
Sears, R oeb u ck & C o ., C h ica g o .— Earnings .—
Sales in January were $6,546,269, compared with $5,859,256 in 1912, an
increase of 11.73%, and $4,624,764 in 1911 -— V. 96, p. 356, 65.
S o u th e rn C aliforn ia Edison C o.— Earnings.—
Cal. Years—
Gross.
1912
$4 340 501
1911 ------- --------- 3 738 165
m o : ; : : : : : : : : : : 3;384;9§3
N et.
$2,011,415
1 902 280
L667.076
Interest. D ep recia n . Bal.,Sur
$701,441 $650,000 $659,974
624,829
650,000
627,451
6,51,492 545,000 470,384
Total Earnings of Property forJCleven CaJendar Years; (000s omitted).
1912 1911. 1910. 1909. 1908. 1907. 1906. 1905.1904.1903
Gross $4 340 S3 738 $3,384 $2,895 $2,477 $2,206 $1,731 $1,272 $983 $774
N e t _: 2.011 1,902 1,667 1,409 1.164 1.338 1,011
743 480 367
Bonds Authorized.— Tho California R R . Commission has
authorized tho company to issue8 2 ,5 0 0 ,0 0 0 additional bonds.
Of tho proceeds of the bonds, over $1,000,000 is to bo used to complete
a unit for tho Long Reach steam plant, and the remainder for additions
and improvements to existing stations and hydro-electric facilities, new
transmission and distributing lines and the construction of a $100,000
addition to tho goneral office buildinc in Los Angeles.— V. 96. v. 207.
S o u th ern Iron & Steel C o.— Foreclosed.—
At tho foreclosure sale in Birmingham, Ala., on Jan. 31 the property was
bid in by Pros. Flatten of U. 8. Mtge. & lr . Co., in the interest of tho
reorganization committeo, tho plants for :? 1,000,000 and quick assets for
$530,000 (seo plan, V. 95, p. 115). The nowi company is th e Standard
Steel Co., with James Ilowron as President.— V. 96, p. 140, 65.
S o u th e rn New E n g lan d T elep h o n e C o.— Earnings.—
Calendar Year—
Gross.
1912
_____$3,317,218
1911.............................. 2,975,368
— V. 94, p. 1123. 555.
Net.
$707,306
565,995
Dividends.
(6Jf %)$593,514
(6%)46l,622
Pal.,Stir.
$113,792
104,373
Stand ard Oil Co. of New Jersey.— Distribution of 4 0 %
from A ssets. — Tho company announced on Fob. 4 that a
distribution of 840 per share (in all 839,335,320) would be
made Feb. 15 to stockholders of record Feb. 7 from funds
received in liquidation of tho company’s loans to former sub
sidiaries, in observance of the spirit of the Court’s decree.
O fficial Explanation from Printed Statem ent Issued Feb. 4.
Prior to and at timo o f distribution o f stocks o f tho so-called subsidiaries
o f this com pany, in obedienco to decree in case o f tho United States against
Standard Oil C o. o f N ew Jersey and others, m any o f tho subsidiary com
panies owed this com pany largo sums o f m oney.
The policy of requesting payment o f these sums as speedily as possible
was adopted by this company on advico o f counsel, in observance of what
was deemed to bo the spirit of that decreo. Cpmplying with this request,
those companies havo mado payments from time to timo as they were able
to do so from moneys raised by realization of assets or increaso of stock.
Result of these payments is tho accumulation o f a fund in hands of this
company, from which distribution that lias been ordered may bo mado with
out impairing tho company’s capital.— V. 96. p. 207.
Stand ard Oil C lo th C o ., New Y o r k .— Notes Offered.—
Tho Tillotson & W olcott C o ., Cleveland, are placing at par
and int. 8700,000 0 % dobenturo notes dated Sept. 1 1912,
duo annually on Doc. 1, 8100,000 yearly 1913 to 1917 and
8200,000 in 1918, but callablo on any int. date at 1 0 2 and
int. Par 81,000 (c*). Principal and interest (J. & D .) pay
able at Guardian Savings & Trust C.o., tnistee, Cleveland.
See advertisement on a preceding page.
Digest of Letter o f Pres. Henry M. U arllck, New York. Dec. 1 1912.
Organization.— A N. J. corporation succeeding Jin M ay 1907] the Stand
ard Table Oil Cloth Co., incorporated July 13 1901. Capitalization:
$3,000,000 6% cum. pref. stock and $3.000,000 common stock. No bonded
debt; theso notes aro its only funded debt. Tho original company pur
chased tho following woll known manufacturing plants: Atha & Hughes,
Newark, N. J.; Joseph Wild & C o., Astoria, N. Y.; A. F. Buchanan & Sons,
Buchanan, N. Y .; Koystonc Oil Cloth Co., Norristown, Pa.; Goodlatto Oil
Cloth Co., Athcnia, N. J.; Ohio Oil Cloth C o., Youngstown, O., and West
ern Linoleum Co., Akron, O. Since that time, by consolidation and the
addition of fireproof buildings, Installation of the latest Improved machinery
and appliances and by tho erection of an ontirely new and thoroughly
modern plant at Rock Island, 111., tho company's physical property has
been greatly Improved and extended.
Chief products: “ Mcritas" table, shelf and stair oil cloth, a leading article
of its kind; “ Sanltas” washablo wall covering and “ Meritas” leather cloth.
Tho last named is tho leading low-priced substitute for genuine leather, be
ing mado in about 600 different varieties for use largely by tho automobile,
carriage and saddlery trades; on couches and chairs; by the hat, cap, belt
and shoe trade, and by tho trunk, suit case and traveling-bag trades, as
well as for covers for billiard tables, pianos, typewriter machines, &c.
From organization to M ch. 31 1912 thero was expended $1,771,000 for
improvements and betterments and about $4,380,000 for maintenance and
ordinary repairs, enabling tho production of better goods at greatly de
creased cost. In 1910 orected at Columbus, Ga., the "Meritas Mills" (a
Ga. corp.), with 325 looms, now being increased to 500; theso mills produce
for us certain grades of cotton cloth not roadily obtainable in tho open
market, and all the capital stock is owned outright by tho Standard Oil
Cloth Co. Meritas Mills has a 1st M . bond issuo of $500,000.
Security for These Notes.— A direct obligation issued under an indonturo
which provides; (a) Proceeds shall bo usod to retire present debt and to pro
vide $300,000 for additions and botterments. (b) All plants and properties
now free and clear must bo kept free, (c) Idoatin# lndontedness shall not
exceed 20% of the outstanding capital stock, (d) Net liquid assets shall
bo not less than 125% of tho outstanding notes, (o) financial statements
must be furnished to the trustee, (f) Dividends limited to 6% per an. on
the S3,000,000 pref. and S3.000.000 common stock, except in any year in
which the trustco shall receive a sufficient sum to rotiro the notos duo in
the following year.
____ _
.
Earnings.—The sales, In 1901 about $2,800,000 are now on a basis of
$6,000,000 per an. Average not earnings for past six years, $512,922,
which is over 12 times tho interest on this note issuo, ovor 3 times tho maxi
mum annual requirement for both interest and principal for first 5 years
and 2 l
A times the maximum requirement for 1918, when the last of tho
notos will bo retired.
,
Directors.— Pros, and Troas., Ilonry M . Garlick, Youngstown; V.-Pros.
and Gen. M gr., Alvin Ilunsickor, N. Y. City; Asst. Treas., W. E. Thatcher
423
THE CHRONICLE
Fe b . 8 1918 ]
East Orange, N . J .; S ec., H arold S. H ull, N . Y . C ity ; E . A . O viatt and
G eo. G . Allen, A kron; B enj. II. A tha, N ewark, N . J .; Irving D . K ip,
Passaic, N . J .; E . L . Brown, Frank H itchcock, A . E . Adam s, L . E . Cochran
and A . Powers Smith, Youngstow n, O .; H enry M a ck ey , J. T . Broadbent
and H enry P ope, N ow Y ork; George W . B uchanan, B uchanan, N . Y .
Income Account Standard Oil Coth Co. M ch. 31 1907 to M ch . 31 1913.
Year ending—
N et Sales. Gross Earns. Op. Exp. N et Earns.
$3,930,819
$700,253 $262,822 $437,431
M arch 31 1908...............
M arch 31 1909______________ 4,228,186
769,974
355,099 414,875
M arch 31 1910____
4,714,487
1,052,391
435,540 616,851
M arch 31 1911______________ 5,151,103
986,357
503.565 482,792
M arch 31 1912---------------------- 5,228,077
884.454
514,804 369,649
Four m onths to July 31 1912- 1,938,695
433,355
181,377
251,978
8 m onths 1912-13 (estim ated) 3,877,391
_________
_______
503,956
A vcrago six years--------------- $4,844,793
Average six y e a r s ,-$512,922
I ’ otal additions and betterm ents (excl. repairs) A p r. 1 1902 to July 31,
1912, $1,812,823.
Balance Sheet July 31 1912 ( Total Each Side, $7,335,876).
Plants, patents, & c----------$5,400,000 Preferred stock __________ $3,000,000
Materials and supplies— 1,148,539 C om m on s to ck ___________ 3,000,000
C a s h ____________________
203,771 A ccts. and bills p a y a b le .635,157
A ccts. and bills receivable
413,999 S urp lus__________________
593,228
M eritas M ill stock -----------20,400 Reserve for contingencies102,846
M achine shop, dye house,
Reserve for interest on
printing office, & c-------51,717
bon d s__________________
4,000
97,449 Akron real estate_________
Deferred charges, & c____
645
This note Issue will retire indebtedness shown above and pay for new
construction.— V . 86, p . 1342; V . 84, p. 1185.
T o ro n to Power C o., L td .— Sale of Guar. Debenture Stock.
— A press dispatch announces the over-subscription at 97
of a new block of £616,438 (.$3,000,000) 4 J ^ % consolidated
guaranteed debenture stock, part of an issue of which £ 2 ,
241,232
($10,907,329) had previously been issued— see
V . 93, p. 1328, guaranteed unconditionally, both as to prin
cipal and interest, by the Toronto R y . C o. Redeemable
(callablo at 105) by annual sinking fund by 1941. Total
issuo limited to $ 2 5 ,0 0 0 ,0 0 0 ,as stated i n V .9 3 ,p . 1328. Int.
payable M . & N . in London and Toronto at $4 8 6 2-3 to £.
D ata from O fficia l P r o s p e ctu s D ated J a n . 17 1913.
T ho T oron to R y. C o ., with its subsidiary, tho T oron to tc Y ork Radial
R y. C o. and the T oron to Electric Light C o ., L td. (tho great com panies
using electricity in T oron to), and the T oron to Power C o. and tho Electrical
Developm ent C o. o f Ontario, L td. (the com panies which supply them with
electricity), are under one administrative control, and aro worked practi
cally as one enterprise.
T he proceeds o f tho present issue arc required to moot extensions neces
sitated b y tho increasing demand for power and light. T o m eet this de
mand, four additional units aro being installed at Niagara Falls, which will
bring the total developm ent up to 125.000 electrical horse-power. A du
plicate transmission line is also being built from Niagara Falls to T oron to.
T he T oron to Railway C o. has an issued share capital o f $11,000,000
(quoted at 143). and owns outright two-thirds, and through a subsidiary
com pany controls tho remaining one-third, o f the Issued capital stock o f
the T oron to Power C o.
Earnings of Toronto Ry. for Cal. Years— 1912 Subject to Audit.x
1909.
1910.
1911.
11912.
Passengers carried......... 98,117,991 109,415,264 120,997.844 135.270,935
Gross earnings________ $3,920,928
$4,377,116 $4,851,541 $5,450,000
N et earnings___________ $1,930,913
$2,139,928 $2,198,179 $2,556,000
Accum ulated reserves &
surpluses____________ $3,323,670
S4,342,040 $4,206,740 $4,748,000
T ho T oron to Power C o ., L td ., has issued share capital o f 83,000,000,
fully paid, and owns the whole o f the share capital o f the T oron to Electric
Light C o ., $4,000,000; 9 6 >4% o f the $3,000,000 ordinary shares o f the
Electrical Developm ent C o ., or $2,895,500 (there is also $3,000.000 non-vot
ing pref.): over 50% o f the 1st M . 5 % bonds o f tho Electrical Developm ent
C o ., $5,014,000.
T he Electrical Developm ent C o .’s Governm ent concession on the Niagara
River allows an ultimate developm ent o f 125,000 electrical h. p .; hydro
electric machinery capable o f developing 90,000 h. p. is already installed,
and four additional units ard being installed. This will bring the total up
to 11 units, 10 o f which havo an aggregate capacity o f 125,000 h. p ., leav
ing in reserve a spare unit with a capacity o f 15,000 h. p.
N et Earnings o f the Combined Enterprises.
For tho year ending Dec. 3 1 1 9 1 1 ________________________________ $3,791,368
For the year ending Dec. 31 1912 (subject to a u d it)_____________ $4,426,980
For tho year ending Dec. 31 1913 (estim ated)__________________ $4,800,000
Interest on the bonds and debenture's (incl. debs, now offered),
taxes and percentage payable to c it y ............................... ............... 2,238,000
Balance, surplus, over present interest charges------------------------ $2,562,000
TAsl o f Bonds and Debenture Stock Outstanding Against Combined Enterprises.
T oron to R y . C o. 1st M . \ 'A % . 1921 (sk. fd . 5% annually, com
mencing 1911)________________________________________________ 059,940
6 % debentures, due in 1914 (no sinking fu n d )-----------------------600,000
T oron to Electric Light C o ., L td ., 1st M . 4 } £ % , due 1916 (no
sinking fund— V . 75, p. 1208)________________________________ 1,000,000
Electrical Developm ent C o. 1st M . 5 % , due 1933 (sinking fund
began 1911, o f SI per elec. h. p. sold— V . 88, p. 1 3 1 6 )--......... - 0.953,000
T oron to Power C o ., L td ., 4 VZ% deb. stock, due 1918 (sinking
fund to retire issuo by m aturity by annual payments o f £50,
000, began 1909; now held. £54,476— V . 93, p. 1328)_________ £350,947
T he T oron to R y. C o. has also guaranteed $1,620,000 bonds o f the T o
ronto A; York Radial R y. C o. (V , 79, p. 1463), a remote liability, as the
latter is earning a largo surplus over int. charges.— V . 95. p. 364.
U n io n Oil Co. of C alifo rn ia.— Subsidiary Co. Dividend.—
T he Producers’ Transportation C o . has declared a dividend o f $1 50 a
sliaro on its $7,000,000 stock (par $100). o f which the Union com pany owns
over one-half.— V. 95. p. 1478.
U n ited Box Board C o .— Foreclosure Sale.— Successor.—
T he $4,628,000 stock o f the American Straw board C o ., deposited under
tho collateral trust mortgage o f 1906 will be sold at foreclosure salo at the
Exchange Salesrooms, 14 and 16 Vosey S t., on Feb. 17, under a decree o f the
N ow Y ork Supremo Court dated Jan. 8.
Seo United Paper Board C o . below .— V . 95, p . 1688.
U n ited Electric Securities C o.— Bonds Called.—
Fifty-eight o f series 21 and 6 o f series 22 issued under indenture dated
A ug. 1 1905 and 5 o f serias 34 collateral trust 5 % 30-year gold bonds
issued under indenture dated A ug. 1 1911, for paym ent at 103 and interest
on Feb. 1 at American Trust C o ., B oston.— V . 96, p. 291.
U n ited
James
m ember
to other
business
F ru it C o.— N ew
Director.—
J. Storrow, o f Leo, Higginson Sc C o ., has retired as a director and
o f tho executive com m ittee in order to secure m ore time to devote
matters in which ho is interested, and has been succeeded by Ins
partner, Hugh G . L evick.— V. 95, p. 1605, 1623.
U n ited G a 3 Im provem ent C o., P h ila .— Offer t» Lease.—
See Philadelphia Electric C o. above.— V . 95, p. 1335, 822.
U n ited Paper Board C o.— Increase of Stock.—
T he com pany, which is to bo the successor (per plan V . 94, p. 636, 624,
626; V. 95, p. 241) o f the United Box Board C o. on Feb. 5 filed in the office
o f tho Secretary o f State o f N ow Jersey a certificate o f l.icrease o f capital
stock from $125,000 to $14,500,000.
U n ited Shoe M achinery C o rp o ra tio n .— Affirmed.—The U. 8. Supremo Court on M onday unanim ously affirm ed the decision
o f the U. S. District Court for Massachusetts, which was rendered on M ch . 2
1912 (V . 94, p. 702, 1445), sustaining demurrers on tw o counts in an in
dictm ent against Pres. Sydney W . W inslow, Edward P . H urd, George W .
B rown. William Barbour and Elmer P. H ow e, which allege substantially
tho same facts and charge conspiracy in restraint o f trade. W hile tho
Court does not consider or pass upon the questions tnvolvcd’in the Govern
ment suit for dissolution o f the com pany, some remarks in the opinion
aro interesting in their possible relation to tho future action o f the Court
in the civil suit. Justice Holmes says:
424
THE CHRONICLE
“ The organization of the new company and the turning over of the stocks
and business [of the old company.— Ed.] to It are alleged to constitute a
breach o f the Sherman Act. It Is to be observed that the conditions now
inserted In the leases are not alleged to have been contemporaneous with
the combination, or to have been contemplated when it was made. The
District Court construed the indictment as confined to the combination
of Feb. 7 1899, that is, simply to the merger of the companies without re
gard to tho leases subsequently made— 195 Fed. Rep. 592,594; and we have
no jurisdiction to review this interpretation of the indictment. United
States vs. Patten, Jan. 0 1913. Hence the only question before us is
whether that combination taken by itself was within the penalties of the
Sherman Act. Tho validity of the leases or of a combination contemplating
them cannot bo passed upon in this case.
“ Thus limited, tho question does not require lengthy discussion, and a
large part of the argument addressed to us concerned matters not open here.
On the face of it, the combination was simply an effort after greater effi
ciency. The business of the several groups that combined, as it existod
before the combination, is assumed to have been legal. Tho machines are
patented, making them a monopoly in any case, the exclusion o f competitors
from the use of them is o f the very essence of the right conferred by the
patents; Paper Bag Patent Caso, 210 U. S. 405, 429; and it may be assumed
that the success of the several groups was due to their patents having been
tho best. As, by the interpretation of the indictment below, 195 Fed.
Rep. 591, and by the admission in argument before us, they did not com
pote with one another, it is hard to see why the collective business should be
any worse than its compoment parts. It is said that from 70 to 80% of all
the shoe machinery business was put into a single hand. This is inaccurate,
since the machines in question are not alleged to be types of all the machines
used in making shoos, and since the defendants’ share in commerce among
the States does not appear. Buttakingit as true, wo can see no greater ob
jection to one corporation manufacturing 70% o f three non-competing
groups of patented machines collectively used for making a single product
than to three corporations making the same proportion o f one group each.
The disintegration aimed at by the statute does not extend to reducing
all manufacture to isolated units of the lowest degree. It is as lawful for
one corporation to make every part of a steam engine and to put tho machine
together as it would be for one to make the boilers and another to make the
wheels. Until the one intent is nearer accomplishment than it is by such a
juxtaposition alone, no intent could raise the conduct to the dignity of
an attempt.”
Judge Colt of the U. S. District Court on Jan. 31 overruled the demurrers
in tho suits for $5,000,000 (triple) damages under the Sherman Law brought
against the company by Charles A. Strout, trustee of the Goddu Sons Metal
Fastening Co., and Harry E. Cilley, who allego in their suits that the com
pany, through its monopoly, damaged them in their business and property.
— V. 96. p. 66.
U.S.Realty&Improvement Co .— NewExecutive Member.—
Harry Bronner of Hallgarten & Co. has been elected a member of the
executive committee.— V. 96, p. 207.
United States Rubber Co., N. Y. City.— Time for Ex
change of Stock Extended till Feb. 15.—
The company has extended to Feb. 15 the time to deposit 2d pref.stock
in acceptance of tho offer of Dec. 14 1912 to give in exchange throe shares
of first pref. stock for every four shares of 2d pref. stock received in oven
amounts o f four shares or even in multiples thereof. See also Rubber
Goods M fg. Co. above and compare V. 9 5 ,-p. 1688.— V. 96, p. 366, 291,66.
Wake Water Co., Raleigh, N. C.— City Rejec's Offer.—
See Raleigh, N. C.,
State and City Department,” in Vi 96, p. 149.
Western States Gas & Electric Co.— Offer to Redeem —
.T h e company offers to redeem at 106 and Interest, through the Mercan
tile Trust Co. of San Francisco, trustee, any o f the $330,000 Stockton Gas
1st M . 6s which are presented up to Jan. 1 1914, when they
are callable at that price. The bonds underlie the refunding 5s.— V. 95,
p. 754.
ScElectric Co.
Westinghouse Electric & Mfg. Co.— Affirmed.—
The U. S. Circuit Court o f Appeals at I’ hlla. has affirmed the decision
of tiie lower Court sustaining tho right of Frederick C. Sutter and others
to tiie use of a devico whereby electric lights on a secondary wire do not
have their brilliancy disturbed by reason o f variation in number. Judge
Buffington wrote the opinion.— V. 96, p. 66.
Westinghouse Machine Co.— 97% of Notes Assent.—
The holders o f over 97% o f the $4,605,500 outstanding collateral notes
have, wo are informed, already agreed to exchange tho same for "first and
. refunding” M . bonds, per plan V. 95, p. 970, which was declared effective
Jan. 1 1913. It is hoped to mako the consents practically unanimous.
Pres. Westinghouse, in accordance with tho plan, has agreed to purchase
$1,000,000 of the bonds at tho rate o f $100,000 per month from Jan. 21
1913, for additional working capital, o f which he has thus far taken $200.
000. T o exchange all o f the notes ($4,605,500) will requiro $4,675,000
bonds; adding the $610,000 bonds previously outstanding, and tho $200,000
purchased in Jan. 1913 by Mr. Westinghouse, would make a total of $5,
485.000 first and refunding M . 6% bonds outstanding.— V. 96, p. 66.
West Kootenay Power & Light Co.— Earnings.—
A u g. 31
Gross Net (after Ini. & Prem. on Pf.Divs. Com.Dio. Pal.,
Year—
Earns. R cps.,& c.) Sk. Fd. Bits. Pur. (7 % ). ( 2 lA % ) . Snip.
1911-12.-83.32,865 $222,608 $121,964 $1,913 $14,000 $50,000 $34,731
1910—11— 308,201 198,396 124,774 ______
14.000 50,000
9,622
T otal surplus A ug. 31 1912, after deducting $14,206 a djust., $173,554.
Wisconsin Ga3 & Electric Co.— Earnings.—
Cal.
Operating Net (after
Other
Year. Revenue. Taxes, & c.). Inc.
1912--$683,967
$200,917 $4,749
1911 — 584,955
181,150 4,930
— V. 95, p. 1275.
Fixed
Charges.
$105,973
102,218
Pref.
Com.
Bal.,
Divs.
Divs.
Surp.
$5,500 $82,000 $12,193
5,000
57,500
21,362
(Rudolph) Wurlitzer Co., Cincinnati.—T he stockholders will vote on Feb. 25 on Increasing the stock from $1,
000,000, consisting o f one-half each o f com m on and 6 % preferred, to $4,
000,000, consisting o f one-half o f each class. T ho new pref. stock, it is re
ported, will be entitled to 7 % dividends. Only a part o f tho now stock,
which, it is stated, has been underwritten, will bo issued.— V . 85, p. 285.
— The 25th annual statement of tho American Real Estate
C o ., 527 Fifth A v e., this city, was published in last week’s
issue of the “ Chronicle.” The company has rounded out
a quarter of a century of prosperous growth and expanding
business. A glance at the last six years shows that its
assets have increased from $10,558,500 Jan. 1 1908 to $ 1 1 ,
851,866 Jan. 1 1909, $15,536,200 Jan. 1 1910, $23,026,890
Jan. 1 1911, $24,134,240 Jan. 1 1912 and to $27,202,824
Jan. 1 1913. Likewise in the same period the company has
more than doubled its interest in real estate and improve
ments owned, these investments increasing from $9,797,705
Jan. 1 1908 to $24,922,080 Jan. 1 1913. In the past five
years its surplus has grown from $1,540,969 to $2,088,806.
Both classes of the company’s bonds are based on the owner
ship of selected New York realty, bear liberal payment and
surrender features. A folder describing these 6 % bonds will
be mailed on application to any inquirer. Company’s roal
estate investments and developments have been confined to
properties having strategic locations along tho subway and
other rapid transit lines running northward through New
York C ity, where the growth is most marked and the appre
ciation in real estate values has been very rapid. Full de
tailed statement, certified to by tho Real Estate Board of
Brokers and Patterson, Teelo & Dennis, certified public
accountants, will be mailed upon application.
[ V o l . X C V I.
— The Liverpool & London & Globe Insurance C o ., L td .,
a stock company, has issued the 65th annual statement of
its United States branch for the calendar year 1912. It
shows total assets of $13,739,218 97, which includes real
estate amounting to $1 ,401,958 07, Unitod States Govern
ment 4 % bonds, $229,140; State and city bonds and rail
road stocks and bonds, $5,896,110; bonds and mortgage loans
$3,244,696; bank balances and all other assets, $2 ,967 ,
314 90. The company reports unearned premiums and all
other liabilities $9,723,246 05, leaving a surplus of $4 ,015 ,
972 92. The New York directors are: John A . Stewart,
Chairman; Edmund D . Randolph and Thatcher M .
Brown, Walter C . Hubbard and Seymour J. H yde. Henry
W . Eaton is Manager; George W . H oy t, Deputy Manager;
J. B . Kremer, Assistant Deputy Manager, and T . A . W eed,
Agency Superintendent.
— Rogers, Brown & C o ., 30 Church S t., well known as
leading dealers in pig iron, and owners of some of the largest
iron furnaces in the country, call attention to their “ mine to
molder” motion pictures, illustrating the process of mining,
transporting ore and manufacture of pig iron and steel. In
regard to these “ The Iron Age” says: “ It is within bounds
to say that there has never been such a graphic and ade
quate setting out of the modern methods of mining, trans
porting and handling ore, turning it into pig iron and of
converting Bessemer steel rails as is given by those re
markable rolls of film s.” The pictures are to bo shown
in the auditorium of the Engineering Societies’ Building,
25 W est 39th S t., on Tuesday, Feb. 18, at 8 p. m . Tickets
may be had on application to the firm, Hudson Terminal
Building.
— The February issue of the “ Guaranty N ew s,” devoted
to the interests of the employees of tho Guaranty Trust C o.
of this city, was published this week. The latest monthly
number appears with a new cover and is more attractive
typoraphieally than previous efforts. Tho featuros of this
month’s issue are articles on “ Banking in M exico,” by John
H . Thompson, and “ A Trip to N om e, A aska,” by H . B .
Robeson. There are also several company news items,
some artistic car oons, a report of the club’s second annual
dinner and an especially attractive issue of “ Good Fellow
ship Power C o .” bonds is advertised for sale. An indox to
the poems and prose in eleven earlior numbers of the “ Guar
anty News” is included.
— Yielding 6 % on the investment, tho Tillotson & Wolcott
Co. of Cleveland are offering, by advertisement in the
“ Chronicle,” $700,000 Standard Oil Cloth Co. 6 % notes
at 100 and interest. The company, whose headquarters
are in New York C ity, is the largest producer of light
weight oilcloth, leather cloth and sanitary wall covering
in the United States. Their “ Sanitas” and “ Meritas”
products are well known. See to-day’s advertisement for
full details of this investment and our item in the “ General
Investment News Department.”
— Subject to prior sale, Alex. Brown & Sons, Baltimore,
aro to-day offering in our advertising columns a now issue
of $500,000 State of Maryland 3 % % “ Stato Road” bonds,
due 1928, at 9 3 % and interest, to yield about 4 .1 0 % . The
firm states that these bonds are a legal investment for savings
banks and trust funds in N ew York, Connecticut, M aine,
New Hampshire, New Jersey and Pennsylvania, and are
also legal security for deposits of postal savings banks. Send
for descriptive circular.
— Brooks & Co. of Scranton, P a ., announce that J. H .
Richards of New York City has become identified with thorn
in their bond and trading departments. M r. Richards has
been connected with many of tho prominent trading houses
in New York, Philadelphia and Boston. Tho resignation
of A . G . Lynch from their employ is also announced by the
firm.
— The address, “ Corporate Securities, Stocks and B onds,”
recently delivered by Francis Theodore Tilton before the
Now York Chapter of the American Institute of Banking,
has been reprinted by the Guaranty Trust Co. of this city.
A copy will be mailed upon request.
— William Wallace Hill and Howard J. Hildt have been
admitted to the firm of Plympton, Gardiner & Co. The
senior partners are Gilbert M . Plympton, Thomas A . Gar
diner and William L . M cKenna.
— Robert Cherry Jr. announces tho formation of tho firm
of Robert Cherry Jr. & C o ., with offices in the Drexel Build
ing, Philadelphia. The firm will conduot a business of
buying and selling investment securities.
— The New England M utual Life Insurance C o. of Boston,
M a ss., Alfred D . Foster, President, is advertising its 69th
annual statement in this issue of the “ Chronicle.”
— Tho 34th annual statement of the Fidelity Mutual Life
Insurance Co. of Philadelphia, L . G . Fouse, President, is
published to-day in our advertising columns.
— Miller & C o ., 29 Broadway, New York, aro offering at
and interest a 6 % railroad bond maturing in three years.
Special circular mailed on request.
1 0 0
— Shirley C . Morgan was admitted to membership in the
Stock Exchange firm of J. S. Wilson Jr. & C o. of Baltimore
on tho 1 st inst.
THE CHRONICLE
F e b . 8 19] 3 ]
^ I xjc
C o m m e x x u il
Friday Night, Feb. 7 1913.
Trade as reflected in bank clearings continues noticeably
larger than for tho last two years. The textile trades are
very prosperous. Tho iron and steel business is big, though
new orders aro smaller. Ono indication of the prosperity in
iron and steel is tho voluntary increase in wages. Trade,
both domestic and foreign, tends to expand. Colder weather
has helped rotail business. Winter-wheat crop reports are
favorable. An increased cotton acreage is probable. Specu
lation is for the most part dormant. There is less uneasiness
about tho tariff outside of the woolen trade.
Feb. 1 ’ 13. Jan. 1 ’ 13. Feb. 1 ’ 12.
C offco, B razil___________________ ___bags
C offee, J ava_______ _________ - C offeo, o t h e r ___________________ ___bags
Sugar _______ _______________
___tons
H id e s _________ ____________ _ _ ____N o.
<l o t t o n ___________ _______ ____ __ bales
M anila hem p______ _ .
Sisal hem p_________ __
F lo u r _______ .
1,744,123
29,881
200,175
Nil
Nil
122,571
6,939
5,862
8,200
1,914,362 2,020,435
48,520
39,342
250,059
213,459
Nil
73,645
1,200
3,244
155,172
73,649
8,140
1,468
220
6,969
62,300
65.450
L A R D lias boon firm but quiet. Prime Western 81 0.GO;
Refined Continent $10.95, South America $11.55, Brazilian
in kegs $12.55. Speculation has been fairly active at some
advance, owing partly to higher prices for hogs. Shorts
have covered rather freely, especially in tho M a y option.
Packers have beon prominent buyers.
To-day prices
advanced on a big speculation, commission houses being
activo on both sides of the market. Packers sold on
the rise.
DAILY CLOSING PRICES OP LARD FUTURES IN CHICAGO.
Sat.
M on .
Tues.
May delivery_____cts. 10.17XS 10.22XS 10.35
July delivery_________ 10.20
10.22X4 10.35
Sept, delivery .............10.25
10.30
10.40
Wed.
Thnrs.
F ri.
10.32 'A 10.'15
10.55
10.32X4 10.47X4 10.55
10.40
10.50
10.62X4
P O R K quiet and unchanged; Mess $19 2 5 @ $ 1 9 75; clear
$21 @ $ 2 2 75; family $ 2 2 @ $ 2 3 50. Beef steady; m e ss$ 2 0 @
$21; packet $ 2 2 @ $ 2 3 ; family $24 @ $ 2 6 ; extra India mess
$ 3 9 @ $ 4 0 . Cut meats firm; pickled hams, 1 0 @ 2 0 lbs.,
1 3 % @ 1 4 c .;
bellies clear f.o .b . New York, 6 to 12 lbs., 1 3
to 1 3 ^ c . Butter, creamery extras, 37 @ 3 73 ^ c . Cheese—
State whole milk, colored specials, 17J^@ 18c. Eggs, fresh
gathered extras, 2 7 @ 2 8 c .
O IL S.— Linseed stronger; C ity, raw American seed, 5 0 ®
51c.; boiled 5 1 @ 5 2 c .; Calcutta 70c. Cottonseed oil higher;
winter G .45@ 7c .; summer white 6 .4 0 @ 7 c . Coeoanut oil
firmer; Cochin l l @ l l j ^ c . ; Ceylon 10@10L£c. Chinawood
steady at 7J ^ @ 8c . Corn steady; higher at 5 .7 0 @ 5 .7 5 c .
Cod unchanged at 4 2 @ 4 3 c .
C O F F E E lias been perhaps a trifle more active on the spot
at 1 3 for N o . 7 Rio. Trade is not really brisk, however.
M ild grades have met with only a light demand; fair to good
Cucuta 1 5 ^ @ 1 G J ^ . Coffee futures have been irregular.
Near months have shown more firmness at times, while
distant deliveries have weakened noticeably despito the
circulation of reduced crop estimates, i.e., 10,500,000 to
11,000,000 bags of Rio. Tho movement of tho Rio crop up
to date is some 2,100,000 bags, or 325,000 bags more than in
the same timo last year. Receipts at Rio and Santos keep
up at a rato that seems to discourage aggressive buying.
To-day prices broke sharply under heavy selling, attributed
partly to loading bull interests hero. Closing prices follow:
February- -12.85 @ 1 3 .10
M arch____13.I5@13.10
April ___ 13.22@ 13.23
M a y ------- 13.29® 13.30
J u n o.........1.3.26® 13.27 (October— 13.33®13.34
July.......... 13.35® 13.37 INovember 13.27® 1.3.28
August — 13.38® 13.40 IDecember.13.21@ 13.22
September 13.42® 13.43
S U G A R .— Raw quiet and unchanged. Tho visible
supply of sugar in tho world is now 4,080,000 tons, against
2,950,000 last year, an increase of 1,180,000 tons this year.
European advices latterly have been featureless. Centrif
ugal, 96-degrees test, 3.48c.; muscovado, 89-degrees test,
2.9 8c.; molasses, 89-degrees test, 2.73c.
Refined has been
quiot and lower; granulated 4.25c.
P E T R O L E U M firm; barrels 8 .5 0 @ 9 .5 0 c .; bulk 4 .8 0 @
5 .8 0c ., and cases 1 0 .8 0 @ 1 1 .8 0 c. Naphtha steady; 73 to 7G
degrees in 100-gallon drums 25c.; drums $ 8 50 extra. Gaso
line, 8 G degrees, 29J^c.; 74 to 70 degrees, 25L£c.; G8 to 70
degrees 2 2 L£e. and stovo 2 1 c. Spirits of turpentine 40c.
Common to good strained rosin $5 8 5 @ $ 5 90.
T O B A C C O .— Binder has been in rather better demand
from manufacturers. It is clear, too, that tho consumption
of cigars is large. This points to hotter conditions later on
in the general opinion. Meantime only moderato supplies
are obtainable, and as manufacturers are obliged to enter
the market from time to timo prices are quite well main
tained. Of Sumatra the available supplies aro not as a rule
attractive enough to help trade much; in fact business is
quiet. Cuban leaf meets with the customary demand at
this season, tho consumption being liberal.
C O P P E R has been quiet of late and easier hero and in
London, with larger offerings. Lake hero 1 5 ^ c ., electro
lytic 1 5 L t@ 1 5 % e . Lead quiet at 4.30c. Spelter quiet at
6.5 0c., showing a decline. Tin has dropped hero to 48.40c.
on tho spot, in sympathy with a declino in London, where,
however, the market lias been active at tho lower prices.
Pig iron has been quiet and not altogether steady, it would apfear, though prices remain nominally unchanged. N o . 2
foundry East $ 1 7 ® $ 1 7 50. Competition among Southern
purnacos tends to unsettle the market somowhat.
C
■ p ttte s.
C O M M E R C IA L E P IT O M E .
Stocks o f M erchandise.
4 :2 5
O
T
T
O
N
.
Friday N ight, Feb. 7 1913.
T H E M O V E M E N T OF T H E C R O P , as indicated by our
telegrams from the South to-night, is given below. For tho
week ending this evening the total receipts have reached
133,427 bales, against 100,209 bales last week and 159,990
bales tho previous week, making the total receipts since
Sept. 1 1912 7,838,070 bales, against 8,970,504 bales for the
same period of 1911-12, showing a decrease since Sept. 11912
of 1,132,434 bales.
Sat.
Receipts at—
M on.
G alveston______
Texas C ity -------Port A rthur____
Aran. Pass, & c._
Now Orleans-----G u lfp o r t-----------M o b i l e ------------P en sa cola--------Jacksonville, &c.
Savannah —
B ru n sw ick -------<lharloston_____
(ieorgetow n
W ilm in g to n -----N orfolk________
N ow p’t News,&c
Now Y ork ______
B o s t o n ________
Baltimore _____
Philadelphia____
9,489
4,530
____
____
890
____
714
____
____
1,363
____
132
____
4512
1,475
____
____
249
____
—
9,058
____
____
____
1,877
____
284
____
____
2,089
____
216
____
155
1,182
____
T otal this wk_
19,294
Fri.
Total.
16,261
6,036
9,803
2,221
6,000
8,767
1,395
8,366
490
3,844
____
142
318
4,377
597
4,830
61,744
14,672
6,000
597
16,136
713
173
130
2,156
1,832
102
1,783
3,600
382
102
12,655
3,600
946
105
2,778
6,923
3,447
91
1,006
419
50
Tues.
Wed.
3,473
____
—
2,115
____
88
105
625
1,320
____
____
308
____
—
14,961
30,844
24,142
50
50
Thurs.
44
84
708
636
396
1,002
41
125
226
____
—
442
1,308
3,447
48
419
25
25
18,217
25,969 133.427
The following shows the week’s total receipts, the total
since Sept. 1 1912, and the stocks to-night, compared with
last year:
1912-13.
1911-12.
This Since Sep
Week.
1 1912.
This Since Sep
Week.
1 1911.
G alveston______ 61,744 3,231,806
Texas C ity .......... 14,672 624,086
6,000 107,038
Port A r th u r ..__
70,056
597
Aransas Pass, &e.
New Orleans.. . 16,136 1,080,986
83,681 2,845,865
18,312 526,915
1 423 160.110'
Receipts to
February 7.
Mobile - _______
2,156
Jacksonville, &c.
Savannah__ ____
Brunswick______
C h a rleston ___
102
12,655
3,600
946
105
2,778
6,923
3,447
91
1,006
419
50
W ilm in g ton ____
N o r fo lk ________
N ’port News, &e
Now York______
Boston . _______
Baltimore_______
Philadelphia____
167,891
98,696
13,855
1,062,045
211,700
263,968
105
306,777
407.299
81,644
14,049
37,515
56,521
2,033
Stock.
/ .
58,030 .1,170,2261
45.178
4,487
10,265 303,413
25,967 156,051
1,989
45.527
68.955 1,915,586
40,220 324,198
15,923 346,213
480
11.656 434,220
19,901 559,537
877
13,444
51
3,969
401
41,262
4,022j
78,260
50
50
T o t a l ___ .'___ 133,427 7,838,070 364.644 8.970,504
1913.
1912.
272,942
36,387
349,508
36,411
994
137,787
24,976
300,149
8,500
70,588
1,822
107,654
6,487
21,762
244,059
20,782
40,964
18,759
49,624
12,360
54,514
133,506
11,003
7,083
1.651
193,637
9,012
11,039
3,020
832,437 1,360,543
In order that comparison may be made with other years,
wo give below tho totals at leading ports for six seasons:
1913.
Receipts at —
1912.
Galveston _ _
TexasCity,&c.
Now Orleans.
M o b ile ------Savannah ---Brunswick.
Charleston,&c
W ilmington..
N orfolk ------N ’port N.,&c.
All others___
61,744
21,269
16,136
2,156
12,655
3,600
1,051
2,778
6,923
3,447
1,668
83.861
18.635
58,030
10.265
68.955
40,220
15,923
11,090
19.901
877
36,967
Total this wk.
133,427
364,644
1910.
1911.
1909.
1908.
25,432
38,718
6,684
14,106
2,998
9,029
1,606
341
1,690
3.123
649
2,382
76,449
4,591
58,377
6,947
18,662
10,545
3,275
7,417
6.698
947
7,683
73,615
2,487
49,682
6,342
16,037
1,483
1,038
7,057
13,725
194
7,832
173,669
81,326
201,591
180,092
50,261
7,525
38,033
4,148
26.541
4,175
2,878
4,172
10,504
Since Sept. 1. 7,838,070 8,970,504l7,300,753 5,777,958 7,770,026 6,571.304
The exports for the week ending this evening reach a total
of 127,984 bales, of which 49,466 were to Great Britain,
_____
to France and 78,518 to the rest of tho Continent.
Below are the exports for the week and since Sept. 1 1912:
Week ending Feb. 7 1913.
Exported to—
from—
Great \
Conti- ,
1 Great .
Britain. France ,| nent. ] Total. Britain. | France.
Baltimore..
Phlla.........
Portl'd, Me.
San Fran_.
Pt. Towns’d
Continent.
Total.
::::!
___ 33,540 43,404 1,104,234 353,193 1,004,281 2,521,708
900, 7,312 373,401 141,460 59,578 574,439
___
0,000 6,0001 30,753 24,892 51,393 107,03S
___
12,921
16,048
5,191
34,100
5,204 21,764 541,214 115,859 250,491 907,564
...
1,468( 43,415 25,562 20,004
___
95,581
20,228 34,791
43,077 98,096
14,708 14,708 117,853 62,869 470,279 051,001
3,30.8 101,433
----84,267 185,700
60,292
5.00C 125,859 191,151
!
87,554
59,673 129,137 270,364
9,666, 9,000
500 52,005 07,190
14,085
291
291
...... 1,279 0,456 175,599 37,376 97,007 310,582
___
5,867 124,850
200' 5,874; 118,983
3,994
1,850 27,300 33,204
1,000 1,000
4,792 33.S24
___
972 29,032 _____
190
190
129,870 129,870
2,790 2,790 .........
.........
57,194
57,194
: : : : 3,831: 3,831|
49,4floj
___ 78,518 127,9S4 2.836,07S; 879,073 2,685,452 6.400,603
9,918
Galveston.
0,412;
Texas City
Port Arthur 1 ,
Ar.Pass.,&c
NcwOrlcans 10,500,
1,408
M obile___
Pensacola . .
Savannah..
Brunswick . 3,308
Charleston
Wilmington
N orfolk __
Newp.Ncws
New York. 5,214
lloston___
From Sept. 1 1912 to Feb. 7 1913.
Exported to—
5,074
972
210,064388,3992,963,836
(11,11 149,224'
I I 1- 1*29,111
1,- - » —
•". I 1I _
»•’
880,474
Q'JU
3,332.4887,176,798
,t ltd ,00.6,100 / ,llU,l
Note.— N. Y. exports since Sept. 1 Include 17,295 bales Peru, Ac., to Liverpool.
In addition to above exports, our telegrams to-night also
give us tho following amounts of cotton on shipboard, not
cleared, at the ports named. W e add similar figures for
New York.
THE CHRONICLE
► Feb. I to Feb. 7—
S a t.
M on .
M iddling upland s_____________ 1 3 .0 0^ 1 2.9 5
Tues. W ed. T hurs.
12.95 12.95 12.95
Fri.
12.95
N E W Y O R K Q U O T A T IO N FOR 32 Y E A R S .
The quotations for middling upland at New York on
Feb. 7 for each of the oast 32 vears have been as follows:
1913.C____
1912______
1911_____
1910______
1909______
1 9 0 8 ........
1907______
1906______
.12 .9 5
-10.15
-14.45
-15.20
. 9.90
.11.70
-11.05
-11.25
1905-C_____
1904_______
1903_______
1902_______
1 9 0 1 ............
1900_______
1899_______
1898------------
7.80 1897-C-- _ - - 7.31
1 8 9 6 ---- - - . 8.25
5.82
9.25 1895____
8.00
8.50 1894____
9.31
9.75 1893____
8.56 1892____ - - . 7.31
9.25
6.44 1891____
6.06 1890____ .--1 1 .1 9
1889.C---------10.12
1888________ 10.56
1887_________ 9.50
1886_________ 9.19
1885------------ 11,12
1884________ 10.75
1883------------ 10.19
1 8 8 2 -- ...........11.94
M A R K E T A N D SA LES A T N E W Y O R K .
rr. * —
Saturday___
M o n d a y ___
T u e s d a y ___
W ednesday.
Thursday . .
F rid a y _____
Spot Market
Closed.
Quiet,
Quiet,
Quiet
Quiet
Quiet
Quiet
5 pts. deciine
5 pts. decline
_____________
__________
_______
________
T o t a l__
Futures
Market
Closed.
S teady................
S tead y________
S teady_________
Quiet _________
F i r m __________
SALES.
Spot.
Contr’cl
Total1
'7 0 0
'7 0 0
709
700
1
____ 1
X C V I.
| oi
r^co
COCI
cici
|a
|O
ci
<do6
*-^0
cici
| co
1 05
oi oo
00 5
@ 7
© 7
CO ‘OFCl Cl Cl
© 7
GOFOO
© 7
^FOO
O
cir-7
2323
OO
HO
2323
1 1 .4 9 @ 1 1 .5 2 1 1 .5 4 @ 1 1 .6 0 1 1 .6 0 @ 1 1 .6 6 1 1 .3 8 @ 1 1 .6 6
1 10.5 9 —
1 1 1.610.5 9 —
1 1 .4 8 —
1 1 .5
1 1 .6 1
—
@ 1 1 .5 2 —
@
— 1 1 .6 0 @ 1 1 .6 6 1 1 .5 2 @ 1 1 .6 6
_
_
1 1 .5 0 — 1 1 .5 2 , 1 1 .6 1 — 1 1 .6 3 1 1 .5 9 —
1 1 _.6 0
—
@
— —
@
j j
i|
® i ® i
voco
q'cr
||
| |
| |
1 1
hoi
i i
^CO
I 1
hh
© 7
® i
COCO
2323 2h23
1 CO ^ 00
I rfl
CO
2 hh
© 7
® i
COCO
COCO
| |
I 1
1 I
© 7
oo
O
| Cl
© 7
coco
OO
CICI
© 7
© 7
© 7
@ 7
GO F'.OI lOlO ‘O
05 0505 COCO Tt*1^
| rH f-JpH rHrH .HrH
© 7
coco
rHr-7
© i
Range
C lo sin g
■ Ju n e —
Range
C lo sin g
1 July —
Range
C lo sin g
1 A ugust —
]
R ange
C lo sin g
i Sept. —
Rango
C lo sin g
R ange
C lo sin g
R ange
C lo sin g
© 7
oooo
coco
r2|2
D ec. —
| j
N ov.—
Oct.—
2323
T^G5
xt|CO
| |
I I
1 1
r-3r3
© 7
@ 7
(NCI 0 0 5
COCO CICI
Cici CICI
R ange
C lo sin g
cici i-ir-i
I 00
1 oj
«
II
1 I
® i @ i
@7
© 7
COCI 0 5 ^
COGO
0500
— —
rffO
@
oco
lOTj*
i-h -h
— —
CO'cr
@
® i
oi
q
|^
—
@ 7
<no)
0000
0000
© 7
© 7
CO >ON
05 0505
1 23
1O
1O
oi
CDCD
■'tq
® i
| |
R ange
C lo sin g
cjoi
|o
1 Cl
ci
2323 2322 2323
’ fO
IO ^ O
COCO 1 rH ft c—
H
oioi
ci cici
@ 7
o
1T
1q
R ange
C lo sin g
| oi
@ 7
cd»t
0 )0
^oi
— Or-*
OO
qq
j J a n .—
@ 7
co
1 1 . 4 7 ® 1 1 .5 4 1 1 . 5 2 @ 1 1 . 5 9 1 1 . 6 0 @ 1 1 . 6 5 1 1 . 3 5 @ 1 1 . 6 5
1 1 .4 7 —
1 1 1.418.5 8 —
1 19.5 9 —
1 1 .6 0
1 1 .5
® 7
uoo)
0)03
oioi
1 1 .5 3 ®
— 1 1 . 6 5 ® $ — 1 1 .6 9 @ 1 1 . 7 0 1 1 . 4 5 @ 1 1 . 7 0
1 1 .5 3 — 1 1 .5 5 1 1 .6 4 — 1 1 .6 6 1 1 .6 5 — 1 1 .6 7
—
© 7
oo)
COCO
oioi
123
| ’’T
1 CO
oi
3 7
i(oco
1 <N COO
|o
OO
oi oi oi
—
@ 1 1 .9 2 1 1 . 9 6 @ 1 2 . 0 0 1 2 . 0 2 © 1 2 . 0 5 1 1 . 8 2 @ 1 2 . 0 5
1 1 .8 9 — 1 1 .9 0 1 2 .0 0 — 1 2 .0 2 1 2 .0 0 — 1 2 .0 2
oioi
1 2 .0 4 @ 1 2 .1 1 1 2 . 0 9 @ 1 2 . 1 9 1 2 . 1 7 @ 1 2 . 2 5 1 1 . 9 5 @ 1 2 . 2 5
1 2 .0 4 — 1 2 .0 5 1 2 .1 7 — 1 2 .1 9 1 2 .1 7 — 1 2 .1 8
— 1 2 .0 S @
1 2 .2 5
hh
—
@
—
1 2 .2 0 @
— 1 2 .2 0 @
1 2 .0 0 — 1 2 .0 2 1 2 .1 3 — 1 2 .1 5 1 2 .1 3 — 1 2 .1 5
1 2 . 1 3 @ 1 2 . 1 9 1 2 .1 8 @ 1 2 .2 6 1 2 . 2 3 @ 1 2 . 3 3 1 2 . 0 4 @ 1 2 . 3 3
1 2 .1 2 — 1 2 .1 4 ,1 2 .2 5 — 1 2 .2 6 1 2 .2 3 —
1 2 .2 4
1 lO
1
oi
—
—
@
— —
@
— —
@
1 2 .1 3 — 1 2 .1 5 1 2 .2 5 — 1 2 .2 7 1 2 .2 3 —
| ■>!< COCO
1co coco
oi oioi
M ay —
Speculation in cotton for future delivery has been dull
and at irregular prices. Fluctuations have been at times,
however, within very narrow limits. On the whole prices
have shown an upward tendency. This was due, in part
at least, to what looked like manipulation; yet spot cotton
has been reported firm. The weather at the South has been
quite cold with temperatures in tho thirties, and east of
the Mississippi River it is said that crop preparations have
been somewhat retarded by rain. This has now and then
imparted certain firmness to tho new-crop months, which,
it may bo added, are also selling at noticeable discounts.
Some who have inclined to the buying side have shown a
preference for October and December at the prevailing
discount
rather
than
for
the
old - crop
months
at tho ruling premiums.
Liverpool prices on the
whole
have been
better
than
expected.
The
Continent has been buying there and local shorts have
covered to a certain extent. Manchester has been doing a
good business. Spot interests have bought M a y and July
here to some extent. Some have bought March and sold
M a y and July. Liverpool, Memphis, New Orleans. Phila
delphia and the Waldorf party have been among the buvors.
There havo been large sales ol goods at Fall River and New
Bedford. Reports from Providence, moreover, have been,
on the whole, encouraging, indicating a better demand.
Spot markets have been reported generally firm, though it
seems to be a fact beyond question that sales of the actual
cotton just now are not as a rule large. It is quite as clear,
however, that tho feeling in many quarters is that the out
look for the cotton-goods business this year is favorable and
the large business recently at Fall River and New Bedford
has created the impression that there is less fear at those
centres o f the impending tariff changes. It is said that
the Pacific M ail Steamship Company, owing to very largo
shipments of cotton goods to the Far'East, has been obliged
to charter extra steamers. The receipts at the ports and
ihterior towns have been small. There is a noticeable ten
dency now for world’s stocks to decrease, whereas a year ago
they were increasing. Some emphasis is laid on this fact.
Of late, too, the spot business at Liverpool has increased.
Last Tuesday tho sales were 1 0 , 0 0 0 bales and on Thursday
they were 12,000. To-day they were 9,000 bales. Busi
ness in England is good, favored, for one thing, by high rates
for silver, as compared with the average prices during the last
five years. Spindles on this side of the water are believed to
be well engaged for some time ahead. There is a feeling that
after tariff revision is out of the way the cotton market is
not unlikely to move upward if trade at homo and abroad
continues
good.
Tho
action
of
the
Revision
Committee last Wednesday
in making1 no changes
helped the market. It was feared that the discounts on low
grados might be reduced by the committee. On the other
hand, the price of cotton is higher by considerable than it
was a year ago. The world’s stocks are liberal, mills in
many cases are supplied with cotton for three or four months
to come, a big acreage is impending, sales of mules and fer
tilizers seem likely to reach a high record this spring, spot
markots as a rule are quiet, and the impending tariff rovision
causes some slowing down of retail and jobbing demand for
cotton goods. Moreover, speculation is stagnant. The gen<rai public does not take hold on the bull side. To-day
prices advanced. Liverpool was firmer than expected.
£ ho •Recovered.
Liverpool and Momphis bought. Spot
i Otton velosed at 12.95c. for middling uplands, showing a
decline for the week of 1 0 points.
IP&The official quotation for middling upland cotton in the
New York market each day for tho past week has beon:
1 2 .3 2 @ 1 2 .3 6 1 2 .3 5 @ 1 2 .4 6 1 2 .3 9 @ 1 2 .5 3 1 2 .2 5 @ 1 2 .5 3
1 22.4 5 — 1 2 .4 7 ; 1 2 .3 9 — 1 2 .4 0
1 2 .3 1 —
1 2 .3
23,670 181,313 651,124
26,494 305,652 1,054,801
18,953 188.444 718.157
Range
C lo sin g
27,212
84,304
41.026
A p ril —
71,785
91,394
45.224
— —
©
— —
@ 1 2 .5 3 1 2 . 3 0 @ 1 2 . 5 3
1 2 .3
1 23.4 7 — 1 2 .5 0 1 2 .4 2 — 1 2 .4 4
39,445 19,201
76,138 27,322
67,720 15,021
—
@
1 2 .3 1 —
800
500
.
o l
R ange
C lo sin g
1,100
14,000
_
—
M arch —
_
Feb.—
1,000
172,913
5,261 100,029
113,902
245 23,885
2,915 . 104,739
1,500
20,262
1,450
4,370
20,606
32,910
16,714 16,714
5,400
128,106
—
26,500
57,686
Week.
348
2,500
12,000
16,572
8,725
615
F rid ay ,
Feb. 7 .
500
1,805
Total.
47,219
5,399
2,300
1,000
767
[V
F U T U R E S .— The highest, lowest and closing prices a
New York tho past week have been as follows:
Thursday,
Feb. 6 .
10,737
7,116
Leaving
Stock
W ednesday,
Feb. 5 .
T o ta l 1 9 1 3 -T otal 1912-T o ta l 1911- -
20,240
2,400
Coast
wise.
Tuesday,
Feb. 4.
Feb. 7 at—
G alveston —
N ew O rlea n s..
Savannah ____
Charleston —
M o b i l e _____
N o r fo l k ______
N ew Y o r k -----O ther p orts___
Ger
Other
many. Foreign
M onday,
Feb. 3.
On Shipboard, Not Cleared for—
Great
Britain. France.
Saturday,
Feb. 1 .
42<>
T H E V IS IB L E SU P P L Y OF C O T T O N to-night, as made
up by cable and telegraph, is as follows. Foreign stocks,
as well as the afloat, are this week’s returns, and conse
quently all foreign figures aro brought down to Thursday
evening. But to make the total tho complete figures for
to-night (Friday), we add tho item of exports from the
United States, including in it tho exports of Friday only.
1911.
1912.
1910.
February 7—
1913.
Stock at L iverpool_________ bales.1,475,000 1,027,009 1,286,000 1.017,000
9.000
2,000
Stock at L o n d o n ________________
3,000
5,000
80,000
Stock at M anchester____________
108,000
107,000
67,000
Stock
Stock
Stock
Stock
Stock
Stock
Stock
at
at
at
at
at
at
at
H am burg_______________
1.3,000
B re m e n ______________ - 520,000
H avre__________________ 485,000
Marseilles ........................
2,000
B a rce lo n a _____ ________
33,000
G e n o a _________________
35,000
Triesto ________________
______
1,109.000 1,402.000 1,087,000
8.000
4,000
9,000
271,000
429,000
262,000
318,000
207,000
452,000
2,000
3,000
3,000
8,000
17,000
17,000
68,000
30,000
61,000
4,000
2,000
2,000
807,000
624,000
806.000
T otal European stocks------------ 2,676,000 1,916.000 :2,026.000 1,893,000
289,000
60.000
171.000
India cotton afloat for E urope—
94,000
694.928
317,847
Am er. cotton afloat for E u ro p e -- 533,174 1,095,328
92.000
56.000
45.000
E gypt,B razil,& c.,aflt.for E urope77,000
271.000
202,000
275.000
Stock in Alexandria, E gy p t-------- 300,000
500.000
410.000
584,000
Stock in B om bay, India-------------- 614.000
906.601
703,469
Stock in U. S. p o r t s ____________ 832.437 1,360.543
768.794
625,509
708,751
Stock in U . S. interior tow ns------ 758,816
53,352
31,615
11,696
U . S. exports to -d a y ____________
17,650
6,121,017 ,5 ,222,653 4,754,763
O f tho above, totals o f American and other descriptions aro as follows:
American—
Liverpool sto c k ____ b a le s . 1,302,000
915,000 1,151,000 984,000
M anchester stock . .
76,000
52,000
89,000
52,000
Continental stock „
_______ 1.056,000
778,000
578.000 744,000
American afloat for E u rop e_ 533,174
1.095,328
694,928 317.847
U . S. port stocks______
832,437 1,.160,543
906,601 703,469
U . S. Interior s t o c k s ............... 758.816
768.794
625.509 708,751
U . S. exports to -d a y ____ ^__
17,650
53,352
31,61.)
11,696
T otal A m erican_______ _______4
Fast Indian, Brazil, <&c.—
L iverpool stock __________________
London stock ____________ _______
M anchester stock ________________
Continental s to ck ------------------------India afloat for E urope--------------E gypt. Bra7.il, & c., afloa t_______
Stock in Alexandria, E g y p t_____
Stock in B om bay, In d ia _________
076,077 5,023,017 4,076.653 3,481,763
173.000
5,000
32.000
32.000
94.000
77.000
309.000
614.000
112.000
2,000
28,000
29.000
60.000
92,000
275.000
500.000
135.000
9,000
18,000
46.000
171.000
56.000
271.000
440.000
73.000
3,000
15.000
62.000
289.000
45,000
202.000
584,000
T otal East India. & c __________1 ,336.000 1,098,000 l m o Tooo 1,2733)00
T otal A m e rica n ..... .......... .......... 4 ,576,077 5,023,017 4,076,653 3,481,763
T otal visible su p p ly___________ 5,912,077 6,121,017 5,222.053 4,754,763
7.77d.
8 .l5 d .
M iddling Upland, L iverpool_____
6 .91d.
" "hOd.
'
10.50c.
14.35c.
15.15c.
M iddling Upland, N ew Y o r k ____
12.95c.
103. 10 11-163. 15 l-1 6 d .
E gypt, G ood Brown, L iv e r p o o l-. lO.IOd.
9(1.
11.30d.
lOd.
Peruvian. Rough G ood , L iverpool 10.25d.
„ ,
7 K d . 7 9-16d.
Fine. L iverpool_________6
_Broach,
.
.
. .11-16<1.
. . . . . 5 11-loti.
j^ d .
____
ll-l6 d
Tinnevelly, G ood
, L6iverpool
7h5d. 7 3 -1 6 d .
Continental imports for the past week have been 138,000
bales.
Tho above figures for 1913 show a decrease from last
week of 129,341 bales, a loss o 1’ 208,940 bales from 1912, an
excess of 689,424 bales over 1911 and a gain of 1,157,314
bales over 1910.
A T T H E IN T E R IO R T O W N S the improvement— that
{ the roceipts for the week and since Sept. 1, the shipments
a the week and the stocks to-night, and the same items
for the corresponding period for the previous year— is set
out in detail below.
____________________________________
P OOP
P m2 Ca'E*
p O g p S'K'g
a
>i
-ft
"p
to
p S*P m2 2? ® S O STO C £ £ £ £ ‘ 0 2-mC
£* KV.£? •
?•
.
b
« «
.
o
c
B*
(!)
q
Ha300!^'>
-o ’
o - - - 'g O p o O P ‘ * ‘ *
Mi * i i
0
!>
'IMMCli
-JO AtOi-‘i^.OlOS>^OlO tOOitotOl-*
O 1O 1 C O O -IC O 0 0 0 0 0 5 >->>-* t o 00 50 w o o * . JO —U OM -'ICOOOOOUi 0 - 1 0 5 - 1 - 1
o o a > o J ‘ M o o o it ^ a j'.a -i^ c o 8 io o o o a iM 0 3 ic ic » ]o o o c o M 'ti
----- ---------- ----------MKH**.OifrMM^W-K£U.!ON!fflM>-^M
WMtv’t0toa50iiJ>.00O'.0MWJ0-J^J^Jl00i.J*rf*ifc.toO<0>l“*t0to0iGe>-‘ >t*O
WHtoocm-
‘ - J o a ® o u M i ; w w 'i - s i a w - i - ^ o o ^ 'S ^ o i ; a
NM to
O)
Ot -J
HMH
to
ooi-'to
-j
_______ .
■o
to i-tocototo 4*>-* W
10 -J050iW-l*.WMOtOH-OppptOpiOCD05M
to
. . 4* 00
CaJOi ton-*
to
to
sS to
iT'lT'
ccMOSwta ^wwo'i-*w"o>t*toN>L.bktobo-i.J*topics w>-;oo£.low
01
o ►
-*o -10500OSO O 4*o cj►
-*4*4*COO -I to >
-*004*to OS4* to -J ® i—05 to
MMHO«jiiii*oij.it.oa'-‘-iM*oa*‘
Ooaoi'jooaMaH-[aw
*«»
*<?o
<3*2.
coi-*cob wb 4^c o o b cob - 14^tooi b to - 1b o b b p p o oi-i o p
4*-t—IOtOi-*4*OOt005tOcO--I4.4»toOto05G15IO—I4*to>—
*0004*C5000to
O H M § so 5 °§ w o ctio a * t0 7 :o 'O H --‘ tc « — ic o r o r — y. o - 1
f*
i—
* Ct *—
* W*-4
CO
00 00 to
*8boOOOC04^^COH-^cO^CO^^wboMM^HCO^tOO^»COMH*OOH*CO
<0O O O ^4to 05O O to Cl ^1*-*COto Cn^ CO4^COOiCOo ^ to MM00o
O 00O O O 4^4^O O O tOCiCOCCto 004*1 ICDMMCn0000COO)tO4^00O 0_
h-»cj\
-j
4►
-*
4^tO•
—
* >-* ►
-*►
-*
Ot&^tOOtt-* COM- 4k*—
‘ QtOCOH-*GO0C4kCOtOCnC5^IO»COCnCOMCntO^4tO
4k05COh- h- 4kCOO CO4*CO4**O 00COX 4^*tO>—O)4^*COCn054^*CO00h- 0100COO tO
kbbbxkw bkbw w M ooM H * ‘ *
XM
-*to 05to Ot4kcc 05CnCOO •
—COCOtto
b tQ b tb b t^ o k b to M ^ ^ M ^ ib ^ M to c o ^ b i^ o o o o ^ o ^ to M o b
O OOOOOiO OOOt COOiCnCOQOCO»£*OtCOCOMCOQCto M4^0000*^►
—
‘GOOGO
O O O O O O OiGOCOo 00O COO CO4^*4*O 00Ci to X to X CO
to Oi to OtO
9.
£
Stocks
Feb.
4*1
H-*
to
m
OOCO^ to*-* t
X
( tOOMCO
to CO4*1
04 to^k> pH-oti b» M ^ixM boo*M b^b'ii*H i M b b o M x t o b b o i
XOOCOOt-GO' H-i 0tC0Q4*C0MMC04-4*.OX0ti OO >-*05OtO'O X X tO
Q4*-X'
O
'
O'—
OO
i
05M4*.4*4*C04*M4
h
OOOOW
h
tO
OtCOtO
8
M
M
CO
►
—
* tO m-» tot-*
to ►
-‘ CO(/)>-*to C0H-* CO
a>
‘ OiC/104^14^*04OiO coot 0<0 !-*►£.O <OMOi
po OiCOt-MCOtO^^KOOO COt-*OVsO>—
Ship
ments.
Week.
00
m
O V E R L A N D M O V E M E N T FO R T IIE W E E K A N D
S IN C E S E P T . 1.— W e give below a statement showing the
overland movoment for the week and since Sept. 1, as made
up from telegraphic reports Friday night. The results for
the week and since Sept. 1 in the last two years are as follows:
-1912-13------February 7—
.
„ Since
Sept. 1.
1.
Shinned—
Week.
Sept.
390.148
Via St. Louis---------------------------------17,068
180.992
Via Cairo _______________
*1.176
14,511
746
Via Hock Island-------------------------58,521
Via L ou isv ille ___________________ 1.955
106,183
Via C in c in n a ti__________________ 4,228
102,510
v i a V irgin ia p o in t s __________________ 1 . / 8 7
240,938
Via othor routes, & C --..........
8,324
------- 1911-12------Since
Week.
Week.
Sep.. 1.
377,906
16,345
a 4,309 a 189,549
2,126
95,984
5,880
66,835
4,580
121,852
4 ,6 2 1
248,362
3,143
T otal cross overlan d___________ 37,281 1,093,833
Deduct Shipments—
110,118
. . 1.566
75,638
3,629
58.483
. . 1,789
38.878 1,102,614
4,524
1,243
518
123,541
37,670
23,553
. . 6,984
244,239
6,285
181,764
-30,297
849,594
32,593
917,850
Canada.
a Revised.
The foregoing shows the week’s not overland movement
has been 30,297 bales, against 32,593 bales for the week last
year, and that for the season to date the aggregate net over
land exhibits a decrease from a yoar ago of 08,256 bales.
----- 1912-13--------Since
In Sight and Spinners
Week.
Sept. 1
Takings.
.133,427
Kocoipts at ports to F e b . 7 ..............uin
m . 7,838,070
Nnt overland to Jbol)» 7 - - - ——~———— ^0|237
849i594
S ou th ’n consum ption to F eb. 7 — 56,000 1,280,000
Total marketed
219,724
Interior stocks in excess_________ *17,401
N o rth ’nspinners’ takings to F ob .7 60,806
---------1911-12--------Since
Week.
Sept. 1.
364,644 8,970,504
32,593
917,850
54,000
1,122,000
__
9,967,664 451,237 11,010,354
661.780 *37.o3o
668,357
Cam e Into sight during w eek..... 202,323
-------------T otal in sigh t Feb. 7 . : - - - _____________ 10,629,444
1,749.757
413,702
-------
............ 11,678,711
47,770
1,537,302
* Decrease during week.
Movement intojsight in previous years.
Week—
1911— Feb.
1910— Feb.
1909— F eb.
1908— Feb.
Bales.
10......... .................215,419
11______________ 139,434
12...........................275,931
13______________ 257,637
Since Sept. 1—
n<ilcs.
1910-11— Feb. 1 0 -............- 9,709,080
1909-10— Feb. 11................ 8,264.062
1908-09— Feb .1 2 ............- - 10,539,543
1907-08— F eb. 13..............- 8,696,563
Q U O T A T IO N S
FO R
M ID D L I N G
COTTON
AT
O T H E R M A R K E T S .— Below are the closing quotations
of middling cotton at Southern and other principal cotton
markets for each day of the week.
____
Closing Quotations for Middling Colton on—
Week ending
February 7-
Sal’day.
G alveston _
12%
Now Orleans___ 12 7-16
M o b i l e ________ 12 3-16
Savannah 12 %
C h a rle sto n ____ 12%
W iim ineton
N o r f o l k . . ____12 %
B a ltim o r e __
13
P h ila d elp h ia ___13.25
A ugusta------ . . 12%
M em phis ______ 12 %
St. Louis______ (12%
Houston _____\2\-i
Llttlo R o ck ____ 1'> H
42 7
THE CHRONICLE
F e b . 8 1 9 1 3 .]
Monday. Tuesday.\Wed'day. Thursd'y. Friday.
12 3-16
12%
12%
12%
H oliday.
H oliday.
12%
12%
12%
12 7-16
12%
12%
12%
12 9-16
12 7-16
12 5-16
12%
12%
12 9-16
12 9-16
12 5-16
12%
12%
12%
13
13.20
12%
12%
12%
12%
m e
12%
12%
13.20
12%
12%
12%
12%
12 7-16
12%
12%
13.20
12%
12%
12%
12%
12 7-16
12%
12%
18.20
12 13-16
12%
12%
12%
12 7-16
12%
12%
13.20
12 13-16
12%
12%
12%
12 7-16
119-16
N E W O R L E A N S O P T IO N M A R K E T — The highest,
lowest and closing quotations for leading options in the New
Orleans cotton market for the past week have been as follows:
Sal’day, M onday. Tuesday. Wed'day. Thursd'y. Friday,
Feb. 7.
Feb. 6.
Feb. 5.
Feb. 4.
Feb. 1. Feb. 3.
Feb.—
I t a n g o ______ — @ —
Closing - _ _ 12.21-.22
M ch .—
Range ______ 12.19-.32
C losing______ 12.26-.27
M ay—
Range _____ 12.16-.25
C losing__ __ 12.22-.23
July—
Range . - ___ 12.21-.32
C losing, - ___ 12.27-.28
A u g .—
Range ______ 11.95-.00
C losing______ 11.96-.98
Oct.—
Range . - - 11.47-.50
Closing - ll.4 7 -.4 8
D ec.—
R a n g e ___- _ — @ —
Closing- _
11.47-.49
Tone—
Spot __________ Steady
O p tio n s _____ Steady
— @ —
12.26.-28
--- @ --- — @ — — @ —
12.28.-30 12.42-.44 12.42 —
12.24-.33
12.31-.32
12.33-.40 12.38-.49 12.48-.58
12.34r-.35 12.4 8-.49 12.48-.49
12.18-.30
12.26-.27
12.26-.34 12.30-.41 1 2.40.51
12.27-.28 12.40-.41 12.42-.43
12.23-.35
12.30.31
H O L IDAY.
12.31-.39 12.35-.45 12.43-. 53
12.32-.33 12.43-.44 12.44-.45
— @ —
11.94-.96
12.02 .09 — @ — 12.13-.18
11.98 — 12.11-.14 1 2 .0 8 -.il
11.42-.51
11.48-.50
11.54-.57 11.52-.65 11.64-.71
11.53-.54 11.63-.64 11.64-.65
— & —
11.48-.50
11.54 — — @ — 11.69 —
11.53 .54 11.62-.64 1 1 .6 3.65
Steady
Steady
Quiet
Steady
Steady
Steady
Firm
Quiet
WEATHER
REPORTS
BY
T E L E G R A P H .— Tele
graphic advices from the South this evening denote that rain
has been quite general during the week, with the precipi
tation a little excessive at a few points. Temperature has
been lower. The Mississippi River stood at 40 feet on the
gauge at Memphis, or 5 feet above the flood stage, but is
falling.
Ga'vcslon, Tex.— Generally cloudy and cold weather pre
vailed in Texas during the week with good rainfall in most
sections. There has been rain on two days of the week, the
precipitation reaching sixty-eight hundredths of an inch.
The thermometer has ranged from 44 to 58, averaging 51.
Abilene, Tex.— W e have had rain on one day during the
week, the rainfall reaching two hundredths of an inch.
Minimum thermometer 22. January rainfall twenty-five
hundredths of an inch.
Palestine, Tex.— There has been rain on one day during the
week, to the extent of thirty hundredths of an inch. Lowest
thermometer 30.
San Antonio, Tex.— There has been rain on one day dur
ing the week, to the extent of fifty-two hundredths of an
inch. Minimum temperature 34.
Taylor, Tex.— There has been rain on one day the past week
to the extent of four hundredths of an inch. Lowest ther
mometer 32.
N ew Orleans, L a. — It has rained on two days during the
week, the predipitation reaching eighty-five hundredths of
an inch. The thermometer has averaged 53. M on th ’s
rainfall 5.71 inches.
Shreveport, L a. — There has been rain on three days during
the week, to the extent of sixty-two hundredths of an inch.
The thermometer has ranged from 31 to 54.
Vicksburg, M is s . — It has rained on one day of the week,
to the extent of one inch and eighty-two hundredths. The
thermometer has averaged 43, the highest being 53 and the
lowest 33.
Helena, A rk . — W e have had rain on one day during the
week, the rainfall being twenty-seven hundredths of an inch.
Average thermometer 35 .6, highest 47, lowest 28. January
rainfall 7.91 inches.
Little Rock, A rk . — M onth’s rainfall 11.29 inches.
M em ph is, Tenn.— The river is now forty feet on the gauge,
or five feet above the flood stage, and falling. Rain has
fallen on two days of the week, to the extent of ninety-one
hundredths of an inch. The thermometer has averaged 32,
ranging from 22 to 44. M onth’s rainfall 7.71 inches.
M obile, A la . — There has been rain on throe days of the
week, the precipitation reaching two inches and eight hun
dredths. The thermometer has ranged from 36 to 69, aver
aging 52. January rainfall 4.29 inches.
Selma, A la .— Rain has fallen on two days of the week, to
the extent of two inches. The thermometer has averaged
43, ranging from 30 to 61.
M adison, Fla.— W o have had rain on two days during the
week, the precipitation being three inches. The thermome
ter lias averaged 65, ranging from 41 to 72.
Savannah, Ga.— There has been rain on two days during
the week, to the extent of one inch and ninety hundredths.
The thermometer has ranged from 38 to 73, averaging 55.
January rainfall 1.24 inches.
Charleston, S. C — W e have had rain on two days during
tho week, the rainfall reaching one inch and ten hundredths.
Minimum thermometer 56. M onth’s rainfall 99 hundredths
of an inch.
Charlotte, N . C . — There has been rain on two days during
the week, to the extent of twenty-eight hundredths of an
inch. The thermometer has ranged from 28 to 51, aver
aging 40.
IN D I A C O T T O N M O V E M E N T F R O M A L L P O R T S .—
Tho receipts of India cotton at Bombay and the shipments
from all India ports for the week and for the season from
1912-13.
February C
Receipts at—
Bombay............ ...................
Week.
i
Since
Sept. 1.
1911-12.
Week.
Since
Sept. 1.
1910-1 1.
1 Since
Week. | Sept. 1.
98.000 1.041.0001117.000 1.021.000 63.00oU. 117.000
436
THE CHRONICLE
For the Week.
Exports
from—
Since September 1.
Great Conti .Japan 1
Britain nent. &China Total.
Bombay—
1912-13-.
1911-12.1910-11 ..
Calcutta—
1912-13.1911-12.1910-11.Madras—•
1912-13-.
1911-12..
1910-11-.
All others—
1912-13..
1911-12..
1910-11..
27666 13,000
Total all—
1912-13..
1911-12..
1910-11..
j 9,000' 46,200 55,200
i,66o 8,000 47,200 56,200
2,000 31,000 6,100 39,100
___
2,000
—
___
__ _
2,000
Japan
<fc China
Total.
133,000
87,000
398,000
286,000
299,000
245,000
432,000
388,000
660,000
200
8,000
2,000
2,000
2,000
7,000
6,000
8,000
400
900
6,000
9,400
8,900
16,000
2,000
4,000
2,000
8,000
11,000
5,000
15,000
700
5
15,000
7,700
23,005
2,000,
....
100 15,100
7,000
4,000
22,000
51,000
44,000|
71,000;
1,700
6,500
1,300
59,700
54,500
94,300
288,100
307,100
252,305
516,100
459,100
793,305
26,000^ 202,000
10,000 142,000
49,000 492,000
R E C E IP T S
Alexandria, Egypt,
' February 5.
AND
Receipts (cantars)—
This week__________ ____
1
S H IP M E N T S .
1910-11.
240,000
5,972,880
155,000
6,722,737
This
Since
Week. Sept. 1.
This
Since
Week. Sept. 1.
155,000
Since
This
Week. Sept. 1.
|
1911-12.
1912-13.
Exports (bales)—
Conti
nent.
13,000
2,000
17,000
200
O.OOC
2,000
A L E X A N D R IA
To
To
To
To
Great
Britain.
7.000 40,000^ 53,000'
1,666 8.000 47,000 56.00C
___ 14,000
___ I I4.00C
___
___
L iv e r p o o l___________ 2.750 144,702 6,000
M anchester__________
156,464 8,250
Continent anil Inilia. 137250 217,214 20,250
A m erica________ ____ 2,250 80,402 6,500
124,728 4,500 157,539
151,008 8.750 154,980
213,158 15,750 248,604
45,222 2,000 79,437
T otal exports______ . 18,250 598,782 41,000 534,116 31,0001640,560
* A cantar is 98 lbs.
The statement shows that the receipts for the week were
155,000 cantars and the foreign snipments 18.250 bales.
M A N C H E S T E R M A R K E T .— Our report received by
cable to-night from Manchester states that the market is
quiet for both yarns and shirtings. Merchants aro buying
very sparingly. W o give tho prices for to-day below and
leave those for previous weeks of this and last year for
comparison:
1912 -13.
Dec.
d. 3. d.
d.
a. d.
d.
d.
6
11K 6
10 H
10 Hi
10
10
0
0b
©
@
11H
liK
u
10%
10 %
6
6
6
6
6
4 @11 7K 7.198%
4
3
3
3
@11
@ 11
@11
@11
10
©
10%
6
3
@11 6
Jan.
3 10% @
10
17
24
31
Feb.
7
11K
3
3
@11 6
@11 6
7
6
6
6
8K lbs. Shirt- Cot’n
Ings, common Mid.
to finest.
Upl's
32s Cop
Twist.
@
@
10K
27 10K
20
7 11 8K
7.18 SH
T otal — ..........- ........................................................ ........ ............................127,984
L IV E R P O O L .— By cable from Liverpool we have the
following statement of the week’s sales, stocks, & c., at
that port:
„ .
...
,
./an. 17.
Jan. 24.
Sales o f the w eek----------bales.
68,000
45,000
O f which speculators t o o k -3,000
2.000
Ot which exporters t o o k .. .
2,000
1,000
Sales, A m erican.................
45,000
40,000
Actual export.........................
13,000
10,000
F o rw a r d e d -------- -------------------- 102,000
114,000
to ta l stock— E stim ated--------1,388,000
1,462,000
O f which A m erican----------.1,2 1 6 ,0 00
1,288,000
73,000
198,000
to ta l im ports o f the week____
O f which Am erican..............
46,000
166,000
A m ount a f lo a t - - - .................... 395,000
317,000
O f which A m erican.............. 341,000
260,000
Jan. 31.
47,000
6,000
1,000
42,000
14.000
99,000
1,445,000
1,273,000
96,000
76,000
318,000
266,000
Feb. 7.
49,000
3,000
2,000
44,000
17,000
79,000
1,475,000
1,302,000
123,000
105,000
276,000
209,000
Tho tone of the Liverpool market for spots and futures
each day of tho past week and tho daily closing prices of
spot cotton have been as follows:
Spot.
Market,
12:15
P. M.
Saturday.
Monday.
Tuesday.
Quiet.
Fair
business
doing.
Fair
business
doing.
I
1
Wednesday, Thursday,
Moderate
demand.
Good
demand.
Friday.
Moderate
demand.
Mld.Upl’ds
6.83
6.81
6.84
6.88
6.80
6.94
Spcc.&exp.
4,000
500
8,000
800
10,000
1,000
8,000
700
12,000
500
9,000
800
Futures.
Steady
Market 1 5 points
opened / decline.
Market,
4 M.
P.
Quiet
Quiet unch.
Quiet
2® 3% pts. to 1 pt.
3 points
decline.
delclne.
advance.
f Steady Very st’dy
2® 5 pts. unch. to 3
1 decline.
pts. ailv.
Dull
2K pts.
decline.
Quiet
2% @ 3%
pts. adv.
Quiet unch. Steady
to 1 point 2K @ 3 pts.
advance.
advance.
Quiet
2@ 3 pts.
advance.
Stacdy
3% © 5%
pts. adv.
7.02
6.80
6.69
6.84
@
8%
@
8%
0b
8%
@
8 11-1 6 0
6.84 8%
9%
9K
5
5
9K 5
9% 5
934 5
934 5
9% 5
@9 13 16 5
1912-13.
Week.
Season.
Tho prices of futures at Liverpool for each day aro given
below. Prices are on tho basis of upland, good ordinary
clause, unless otherwise stated.
d
The prices are given in pence and lOOtlis.
4K @ 10 3
4 @10 3
5 05
5.01
F eb. 1
4% @ 10
5 @10
4% 10
5 @10
5% @10
5.22
5.37
5.40
5.50
5.77
F e b . 7.
d. 3 .
@
@
4
5
6
7%
8
6% @11 0
5.90
W P R L D ’S S U P P L Y A N D T A K I N G S OF C O T T O N .—
Tho following brief but comprehensive statement indicates
at a glance the world’s supply of cotton for tho week and since
Sept. 1 for the last two seasons, from all sources from which
statistics are obtainable; also the takings, or amounts gone
out of sight, for the like period:
C o t t o n T a k in g s .
W eek a n d S eason .
S A V A N N A H — T o Bremen— Feb. 3— Friedericko, 6,200_______ T o Hamburg— Feb. 1— N orm an M onarch, 4,458
T o Genoa— Feb. 3— Buda, 2,600___________
T o Trieste— Feb. 3— Buda, 1,450______________ "
”
B R U N S W IC K — T o Liverpool— Feb. 4— Louisianian, 37,308
N O R F O L K — T o Bremen— Feb. 3— Agenoria, 9 000
'
B O S T O N — T o Liverpool— Feb. 4— Sdxonia, 1,609
F e b !~ 5—
Iow a, 2 ,9 6 1 ________________________
_
T o M anchester— Jan. 29— Caledonian, 1,104
T o Genoa— Feb. 1— C anopic, 200________
"
B A L T IM O R E — T o Bremen— Feb. 5— A scot, "l.OOO”
P H IL A D E L P H IA — T o L iverpool— Feb. 3— Nestorian".'972
*
SAN F R A N C IS C O — T o Japan— Feb. 3— C hiyo Marti 2 7 90-------P O R T T O W N S E N D — T o Japan— F eb. 1— Tacom a M krii, 3,83171
1911-12.
8K lbs. Shirt- Cot'n
inys. common M id.
to finest.
Uprs
32s Cop
Twist.
[ V o l . X C V I.
F e b ru a ry
F e b .-M c h
M ch .-A p r
A p r.-M a y
M ay-June
Juno-July
July-A ug.
Aug.-Sep_
Sept.-O ct.
Oct .-N ov
N o v .-D e c
Dec .-Jan.
Jan .-Feb
S at.
12%
p.m .
12K
p.m .
d.
____
____
____
____
____
____
____
____
—
M on .
6
6
6
6
6
6
6
6
6
6
6
6
6
T u e s.
Thus: 6 59 means 6 59-I00d.
W ed .
T h u rs .
F ri.
12% 4 12K
4
4 12% 4 12K 4 12K
p.m. p.m. p.m . p.m . p.m . p.m p.m . p.m . p.m . p.m .
d.
59
58 %
58 %
58
57 Yt
55 K
52 y2
43
27 %
19
16%
15%
14 %
d.
57 %
56 K
56 %
55%
55
53
50
40%
25
16%
18
13
12
d.
62
61
60 %
59
58
56
53
43
28
19%
17
16
15
11 .
60 %
59 'A
59
57%
56 %
54 %
51 %
41 %
26 %
18
15%
14%
13 %
d.
d.
59 % 63%
58 % 62
58
62
56 M 60
55 % 59
53 % 57 %
50 V< 54
40% 44
25% 29
20%
17
14% 18
13% 17
12 % 16
d.
63
61
61
59%
58 'A
56 %
53
43
29
20%
IS
17
16
d.
65
63
63
61
60
58
54 'A
44 %
30%
22
19%
18%
17 'A
a.
65 %
63%
63%
61%
61
59
55%
45%
31%
23 Mi
21
20
19
d.
69 %
67 %
67%
05 %
65
63
59 %
49 %
34
26 %
24
23
22
d.
7 0 13
69
69
67
66 'A,
64
60 'A
50
35
27
24 '
23 M,
22%
1911-12.
Week.
Season.
Visible supply Jan .3 1 __________ 6,041,418
6,018,084
Visiblo supply Sept. 1__________
2,135,485
1,603,418
202,323 10,629,444 413,702 11,678,711
Am erican in sight to Feb. 7 ____
98.000 1,041,000
B om bay receipts to Feb. 6 _____
117,000 1,024,000
Other India ship’ts to Feb. 6 ___
2,000
84,100
200
71,100
Alexandria receipts to Feb. 5 ___
21.000
929.000
32,000
796.000
Other supply to Feb. 5 *_______
11,000
158.000
2,000
159.000
BREADSTUFFS.
Friday N ight, Feb. 7 1913.
Flour has been quiet here, and oven tho Northwestern
mills report a slim demand. Largo stocks aro complained
of. W ith ono exception, all tho Minneapolis mills havo re
ported smaller sales, and there was some shading of prices
T o ta l su p p ly_________________ 6,375,741 14,977,029 6,582,986 15,332,229
there. Indeed, the practice of cutting prices is becoming
Deduct—•
Visible supply F eb. 7__________ 5,912,077 5,912,077 6,121,017 6,121,017 more and more general.
In tho East stocks aro heavy and
the feeling is skeptical as to tho likelihood of any immediate
T otal takings to Feb. 7a_______
463.664 9,064,952 461,969 9,211,212
O f which A m erican____ ____
330.664 7,418,852 378,769 7,508,112 improvement in prices.
A t St. Louis thero has been little
O f which other_____________
133,000 1,646,100
83.200 1,703,100 or no improvement in trade.
Similar reports come from
Kansas City. In a word, flour buyers at present aro pur
a T his tot.il includes tho estimated consum ption ’ b y Southern’ miils,
1,280,000 bales in 1912-13 and 1,122,000 bales in 1911-12— takings not be chasing only from hand to mouth.
ing available— and tho aggregato amounts taken by N orthern and foreign
W heat has advance somewhat. Drought has been re
spinners, 7,784,9'>2 bales in 1912-13 and 8,089,212 bales in 1911-12, o f
ported in India. Tho situation in tho Balkans has had a
which 6,138.8‘)2 bales and 6,386.212 bales Am erican.
S H IP P IN G N E W S .— As shown on a previous page, the tendency at times to put up prices. Tho strength of the
exports of cotton from the United States the past week havo corn market was also something of a fcaturo. From Russia
reached 129,984 bales. Tho shipments in detail, as mado come reports of inadequate snow protection. A loss of
color in the plant is complained of in England and also in
up from mail and telegraphic returns, are as follows:
In England the weather is unseasonable,
Total bales. Northern France.
N E W Y O R K — T o Liverpool— Jan. 31— C ym ric, 1,918 upland, 123
being too wet. Unseasonable weather conditions are
5,124
Peruvian— Feb. 5— C eltic, 3.143 upland__________________
In Germany, while there is
T o Bremen— Fob. 5— Barbarossa, 879 _______________________
879 also reported in France.
T o Antwerp— Jan. 31— Etonian, 3 0 0 -............................... .............
300 some snow, there are wide areas whore tho weather is freez
T o India— Jan. 31— Schildturm. 1 0 0 - . - _____ ________ _____ 100
ing and tho plant is without snow covering. While the
G A L V E S T O N — T o Liverpool— Feb. 5— Aiden, 9,918_____________
9,918
T o Hamburg— F eb. 1— Ikbal, 3,973______ _______ _____________ 3,973 offerings of native wheat in Germany aro larger, much of it
1 ° R otterdam — Feb. 1— C ayo R om ano, 2,3 1 5 ________________ 2,315 is of poor quality.
In Liverpool there has beon a good
To Antwerp— Jan. 30— Inkula, 5 0 4 ---F e b . 5 — Thurland
Tho firmness of River Plato and Aus
Castle, 4 ,7 6 2 --.................................................................................... 5,266 Continental demand.
T o Ghent— Jan. 30— Inkula, 7,385- - - Feb. 5— Thurland Castle,
tralian prices has been something of a feature. Advices from
1,880 .......................
9,265
n V 29— A sprom onte, 12,727______________
12,727 India havo on the whole been unfavorable and tho crop news
T E X A S CPTY— T o Liverpool— Feb. 4— Artist, 6,412......................... 6,412 from Europe is in the main considered less favorablo than it was
_- —
, T o M exico— F eb. &— C ity o f T am p ico, 900-----------------------------900
Also there has been a fair export trade in this
Ft9>V! A R T H U R — T o Bremen— Feb. 4— Glendeno, 6,0 0 0 _________ 6,000 recently.
N E W O R L E A N S — T o Liverpool— Feb. 3— Politician, 7,500—
country. On the other hand, the world’s shipments have
F eb. 6— Indian, 9 ,0 0 0 -_____
16,500
T o Rotterdam — Feb. 7— M anchester Spinner, 100____________
100 increased materially, and Europo is certainly getting more
T o Antwerp— Feb. 7— Isle o f Iona, 1 66 -____ _____________
166 than its requirements now, whatever may have beon tho
T o Genoa— Jan. 31— Dinnamare, 4,798
..
4,798
In other words, the world’s shipments last
T o Naples— Jan. 31— Dinnamare, 2 0 0 -.
.........................
200 case recently.
M O B IL E — T o Liverpool— Jan. 31— W m . C liff, 1,468______________ 1,468 week were no less than 15,728,000 bushels, against 11,840,000
The statements of the movement of breadstuffs to market
indicated belotv are prepared by us from figures collected by
the Netv York Produce Exchango. The receipts at Western
lake and~river ports for the week ending last Saturday and
since August 1 for each of the last three years haAre been.
in th e p r e v io u s w e e k a n d 7 ,7 1 2 ,0 0 0 b u sh e ls fo r th e sa m e w e e k
la st y e a r .
S o th a t th e s h ip m e n ts la st w e e k w e r e m o r e th a n
d o u b le th o se fo r th e c o r r e s p o n d in g w e e k la st y e a r .
E a r ly in
t h e w e e k , t o o , a c o ld w a v e in th e w in te r -w h e a t t e r r it o r y o l
th is c o u n t r y w a s b r o k e n u p b y s n o w s o f fo u r to e ig h t in c h e s ,
w h ic h fe ll o v e r th e g r e a te r p a r t o f th e
w in t e r -w h e a t
s e c t io n . T a k e n
as a
w h o le ,
th e
c r o p c o n d it io n s in
th is c o u n t r y are r e g a r d e d as fa v o r a b le . In th e S o u th w e s t
th e r o lias b e e n m o r e in c lin a tio n t o sell c a s h w h e a t.
Of
la t e , t o o , th e r e p o r t s fr o m I n d ia h a v e b e e n s o m e w h a t m o r e
fa v o r a b lo o w in g to g o o d rain s in s o m e p a r ts o f th a t c o u n t r y .
A ls o fo r e ig n m a r k e ts h a v e la t t e r ly r e c e d e d a n d c o r n has
s h o w n a t tim e s less fir m n e s s .
C o n s id e r a b le stress is la id
o n th e sm a lln e ss o f th e ca sh b u s in e s s ju s t n o w a n d th e o u t
s id e tra d in g in w h e a t has s h ru n k to v e r y sm a ll p r o p o r tio n s .
Y e t th e re is a n u n d e r c u r r e n t o f b u llis h s e n tim e n t .
T h e r e is
a b e lie f t h a t E u r o p e w ill h a v e t o im p o r t a g o o d d e a l o f w h e a t
b e t w e e n n o w a n d th e n e x t h a r v e s t fr o m th is c o u n t r y .
W h e t h e r this b e lie f is w e ll fo u n d e d o r n o t r e m a in s to b o seen .
E u r o p e h a s p le n t y o f w h e a t b u t m u c h o f it is p o o r .
In
R u ss ia it is g e n e r a lly a g r e e d , m o r e o v e r , t h a t th e c r o p s
Avero o ff ic ia lly o v e r e s t im a t e d .
T o - d a y th e m a r k e t o p e n e d
fir m b u t c lo s e d lo w e r ; d o m e s t ic c r o p a d v ic e s Avere fa v o r a b le
T h e r e Avere 2 8 0 ,0 0 0 b u sh e ls ta k e n fo r e x p o r t .
d a i l y c l o s in g p r ic e s o p w h e a t ™
™
i n ^n e w Y O R K .
sfi
May^dehvery i a’e l e v a t o r Y A Y . f - *99%
mi
d a ir y
c l o s in g
p r ic e s
439
THE CHRONICLE
F e b . 8 1933 ]
09 'A
R e ceip ts
Chicago___
Milwaukee . I
Duluth____
Minneapolis j
Toledo____
53%
53%
53%
51%
DAILY CLOSING PRICES OP OATS
Sat.
M on.
IN NEW Y O R K
Tues.
C lo s in g p ric e s tvere as fo llo w s :
Wed. Thurs.
New Y ork___
Boston ...........
Portland, M e..
Philadelphia . .
Baltimore.___
New Orleans*.
Newport News
Norfolk —
Galveston-----.
Mobile______
Montreal........
St. John.........
F lo u r ,
b b ls.
71’ h ea l,
183,000
47.000
9.000
65.000
45.000
58.000
4.000
652.000
140.000
395.000
209.000
204.000
203.000
5.000
4.000
4.000
80,000
258,000
C orn,
b u sh .
O a ts,
b u sh .
B a rle y ,
b u sh .
223.000
315.000
69,000
146.000
1,956,000
473.000
210.000
122,000
8,000
7.000
4.000
366,000
87.000
8 6 ,0 0 0
2 ,0 0 0
b u sh .
.
I-ri.
39
39
40
41% 41% nom.
IN CH ICAG O .
Wed. Thurs. h n .
35
34% 35
34% 35% 34%
34% 34% 34%
R ye,
b u sh .
18,00
41.000
6 ,0 0 0
250.000
1 ,0 0 0
273.000
128.000
166,000 232,000
*26,666
**1 * 6 6 6
3.000
18,000
4,666
6 .0 0 0
45,000
Total week 1913. 424,000 2,315,000 3,533,000 1,296,000 373,000 330,006
Since Jan 1 1913 2,186,000 17,815,400 12.603,000 6,630.000 2572,000
5,649
479.750 230,639
Week 1912
337,753 1,114,977 3,027,302
Since Jan. Y 1912 1,479,617 5,606,133 10,124,834 3,181,348 1,403,198 65,448
^Receipts do not include grain passing through New Orleans for foreign ports
through bills of lading.
The exports from tho several seaboard ports for the Aveek
ending Feb. 1 are shown in the annexed statement.
W h ea t,
C orn ,
—
b u sh .
b u sh .
New York_____ 1,310,448 588,284
Portland, Me___ 395,000
69,000
Boston............... 446,201 197,002
Philadelphia___
98,188
27,857
Baltimore______ 715,218 2,075,285
New Orleans___ 192,000 346,000
Newport News.. .........
210,000
-------Galveston______ 276,000
Mobile...................... .......
7 .°°°
258,000
St. John....... .
E x p o r ts fr o m
Week 1912______ 1,772,949 1,5 J
F lo u r ,
b b ls .
82,485
9,000
8,378
54,592
12,768
75.000
4,000
6 ,0 0 0
5,000
4,250
P ea s,
b u sh .
B a r le y
b u sh -
45,595 18,783 294,011
. . . 41,000
_____
99,413
660
. . . 115,000
53,024
777,849
7,500
166,000
3,696
O a ts,
b u sh .
R ye,
b u sh .
3,000
6 ,0 0 0
201,473 1,059,628
28,538
197,981
18,783 781,424
3,696
3,043
The d e s tin a t io n of th ese e x p o r t s fo r th e week a n d s in ce
July 1 lt>12 is as beloAv:
C o r n ------- -—
S in c e
J u ly 1
W eek
F e b . 1.
b u sh .
53%
’ 1%
oo^-t
O a t s Avero le s s a f f e c t e d b y o t h e r g r a i n t h a n is u s u a l ly t h e
c a s e , o w i n g l a r g e l y t o t h e f a c t t h a t t h e d e m a n d Avas s o s la c k .
S o m e l a r g o i n t e r e s t s e a r l y i n t h o Aveek w e r o s e llin g M a y t o
som e exton t.
L a te r , o n th o c o n tr a r y , th e y w ere b u y e r s.
T h i s il lu s t r a t e s t h o u n c e r t a i n t o n o o f t h o m a r k e t t h r o u g h o u t
t h e w e e k a n d th o c o m p a r a t iv e in d iffe r e n c o t o o u t s id e in flu
en ces.
A t t im e s p r i c e s h a v e s h o i v n w e a k n e s s i n s y m p a t h y
Avith c o r n .
O n T h u r s d a y , h o w e v e r , f o r t h o f i r s t t i m e in a
lo n g p e r io d , th e m a r k e t fo r o a ts d is p la y e d m o r e in d iv id u a lity ,
a d v a n c i n g o n Avhat \vas c o n s i d e r e d it s o w n m e r i t s .
S h orts,
m o r e o v e r , Avero c o v e r i n g i n t h o M a y o p t i o n , a n d t h e c a s h d e
m a n d r e a c h e d f a ir p r o p o r t i o n s .
S t i l l , it c a n n o t b e s a i d t h a t
t h o m a r k e t lia s s h o w n a n y r e a l l y s t r ik i n g o r in t e r e s t i n g let t u r e s d u r i n g t h e A veek.
T o - d a y p r i c e s a d v a n c e d a t f i r s t , >u
r e c e d e d l a t e r , a f t e r M a y h a d r e a c h e d a neAv h ig h r e c o i n .
C a s h p r i c e s Avoro h i g h e r a n d s h o r t s c o v e r e d , b u t t h e r e Avas
n o a g g r e s s i v e b u y i n g o n t h o b u l l s id e .
.............. - ........... cts. 38% 39
39
qfumlards
N o 2 white.......................- ......... .. 41%
41% 41%
* DAILY CLOSING PRICES OP OATS FUTURES
i j a u .ii. ^
Sat
M on
Tues.
34%
34
M ay delivery in elevator.........cts. 34
34% 34%
tillv- delivery in elevator-------------- £4/8
34
34%
September delivery in elevator----- 34
368,000
371,872
270,740
R e ceip ts a t —
m
o5!4 oi/4 ooA
Total wk.’ 13
Same wk.'12
Same wk.’ ll
Total receipts of flour and grain at the seaboard ports for
the Aveek ended Feb. 1 1913 folloiv:
D A IL Y CLOSING PRICES OP NCL2
Cash corn.................... - ........... cts. nom. nom. nom. nom. nom. nom.
" D A ILY CLOSING PRICES OI^ ORN J UT D R B S m CHICAGO.
53%
54 ^
9,000
15.000
63.000
39.000
Since Aug. 1
12322642
1912-13... 9,902,520 257,571,966 119,937 228 148,084,688 66,249,330
84,275,580 49,705,354 6,077,691
1911-12... 6,314,966 177,009,711 104,384,679 U8!946!8G7
46;493!853 3,703.698
1910-11..-' 9,054,667 156,706,811 111,250,454
M ay delivery in elevator---------cts. 935* 93 % 93 % 93% 91 % 93%
nni/ o n i/
J111v delivery in elevator-------------- 91% 91
September delivery In elevator----- 90
89% 90
89% 90 A 90 A
C o r n h as b e e n ir re g u la r , b e in g s t r o n g e r e a r ly in th e w e e k
a n d w e a k e r la te r o n .
T h e b r e a k in g o f th e A r g e n tin e d r o u g h t
a n d loAver p ric e s a t B u e n o s A ir e s a c c o u n ts fo r s o m e o f th e
w e a k n e s s folloA ving th e r ise .
T h e r o Avas a ls o g o n e r a l se llin g
a t th e W e s t o n th e s tr e n g th o f th is iioavs. Y e t e a r ly in th e
Aveolc r e p o r t s o f d r y , h o t Aveather in A r g e n tin e g a v e a n o t ic e
a b le im p e t u s to s p e c u la t io n a n d p ric e s a d v a n c e d e a s ily .
A la rg e g r a in c o m p a n y a t C h ic a g o w as a g o o d b u y e r .
E x
p o r t p u r ch a se s d u r in g th e Aveek h a v e b e e n q u ite lib era l
T h is Avas a n o t ic e a b le fe a tu r e a t o n o t im e .
T h e n , a g a in ,
o v e n a v e r y la rg o in c r e a se in th e c r o p m o v e m e n t Avas r e a d i lv a b s o r b e d , a fa c t Avhich h a d n o s lig h t in flu e n c e o n th e r a n k
a n d file o f tr a d e r s .
O n a sin g le d a y th e r e c e ip t s a t C h ic a g o
Avere 0 4 0 ca r s, a g a in st 3 4 2 o n th e sa m e d a y la st y e a r ; y e t
p ric e s a d v a n c e d in s p ite o f th is f a c t .
T h o co n tra ct sto ck
n o w is o n lv 1 5 2 ,0 0 0 b u s h e ls , a g a in s t 2 8 5 ,0 0 0 a y e a r a g o .
Y e t th e r e c e ip ts h a v o r a n g e d fr o m 6 4 0 to 07 4 c a r s a d a y .
ft lo o k s as t h o u g h E u r o p e m ig h t im p o r t a g o o d d ea l o f
A m e r ic a n c o r n th is y e a r .
T o - d a y p ric e s a d v a n c e d a t fir s t ,
b u t r e a c te d la te r .
S o m e se llin g in C h ic a g o Avas a t t r ib u t e d
t o C o t t o n E x c h a n g o o p e r a to r s avIio lia v o b e e n w o r k in g o n
th e b u ll sid e .
B a lt im o r e r e p o r t e d c a n c e lla t io n s o f lbU.UUU
b u s h e ls r e c e n tly s o ld t o E n g lis h b u y e r s .
52%
53%
54%
205.000
26,000
11,000
D e t r o i t ____
Cleveland __|
St. Louis__
Peoria____
Omaha........
Kansas City
op w h e a t
M ay delivery inolevator------Cts. 52%
July delivery In elevator.............. - - 53
Sept, delivery In elevator_____ 54
60 lb s .'b u s h . 56 lb s .'b u s h . 32 lb s. h u sh A & lb s. b u . 56 lb s .
63.000
772.000 5,146,000 2,369,000 L010.000
64.000
142,0001 606,000
328,000
125.000
3,000
93,000
103,000'
836.000
382,000| 886,000 115, 00
260,000
2,809,000
62,000!
113.000
102.000
51,000'
118.000
1,000
1,000
102,000
91,000
11,000
1,000
46.000
461.000
676.000
817.000
10.000
94.000
267.000
710.000
79,000
522.000
907.000
361.000
220.000
537.000
714.000
6,627,000 8,886,000 4,681,000 2,736,000 256,000
3,225,795 8,726,268 3,314,993 1,459,768 255,575
3,694,764 5,667,559 3,515,857 1,356,274 126,760
b b l s .\ v m $ . b u sh .
i{^ y
m- t U m
R ye.
B a rle y .
F lo u r .
a l-
1912.
b u sh .
3,993,231
- 460
053
663
477
44,168
2,856
40,903
Brit. No. Am. Cols.
150
Other countries------5,153
12,850.478
m. «
oni 473 6 462,117 3,691,058 106,464,551 3,642,428 12,850,478
’otal*loYl-iil 11 -" 1197,981 5,856,398 1,772,949 57,416,922 1,572,315 21,024,654
The world’s shipments of Avheat and corn for the week
ending Feb. 1 1913 and since July 1 1912 and 1911 are shown
in the following:
C orn.
W h ea t.
E x p o r ts .
1912-13.
W eek .
F eb . 1.
1
|
S in c e .
J u ly 1.
1911-12.
S in c e .
J u ly 1.
1912-13.
W eek .
F e b . 1.
S in ce
J u ly 1.
1911-12.
S in ce
J u ly 1.
B u s h e ls .
B u s h els .
B u s h els .
B u s h els .
B u s h els . | B u s h els .
11,957,000 19.161.000
North Amer. 6.184.0001159.002.000 108,340,000 3.154.000
55.786.000 247,000 6.424.000 26.240.000
72,411,000
Russia........ 1.664.000
51,000 9.970.000 47.977.000
Danube___ 760.000 39,663,000 52.569.000
60.000
102,055,000
Argentina .. 4,072,000: 42,610,000 23.282.000 1.573.000
30.052.000
2.224.000
16,392,000
Australia —
27.994.000
544,000, 41,736,000
India.........
Oth. countr's 280,000! 5,318,000 6 ,97< ,0 0 0
190,406,000 93,438,000
Total . . . . 15728000 377,132,000 305,000,000 5,025,000
The quantity of wheat and corn afloat for Europe on dates
mentioned Avas as folloAVs:
FLOUR
Kansas straights, sacks.$4 30® $4 50
C orn .
.
Winter, low grades----- S3
95 Kansas
W h ea t.
clears, sacks— 3 75® 4 00
•
Winter patents................. o o\n% » " ’ City
patents__________ 6 20® 6 50
U n ite d
Winter straights........... 4 60® 4 80 Rye flo
U n ite d
1
1
,
u
r
____________
.3
65®
4
00
T o ta l.
K in g d o m . C o n t in e n t .'
Winter clears__________ 4 2o® 4 30
K i n g d o m . C o n t in e n t .
T o ta l.
flour_________ 4 00® 4 7o
Spring patents________ 4 60® 4 80 Graham
2 35
B u s h els . | B u s h e ls .
B u s h els .
Spring straights_______ 4 40® 4 00 Buckwheat, cwt_______
B u s h els .
B u s h els . \ B u s h els .
23,350.000
Spring clears _________ : 4 00® 4 20
It ,640,000 37.704.000 8.347.000 15,003,000
Feb. 1 1913... 18,084,000
8.160.000 17,723,000,25,883,000
GRAIN
25 1913.. 16 000,000,16.832,000 32.832.000
7,013,000 12,207.000
5.194.000
Corn, per bushel—
,, Jan.
28.944.000
21
824,000!
7,120,000
Wheat, per bushel—f. o. b.
No. 2__________ elevator Nominal Feb. 3 1912.. 16 464.000 21,496,000 37.960.000 4.573.000 9.954,000'14,527,000
N . Spring, No. 1, new___ $1 01%
Steam er_______ elevator
56 % Feb. 4 1911..
N. Spring, No. 2, now___
nom.
No. 3 __ ,__________ c.I.f. Nominal
Red winter, No. 2, now__ 1 10%
Ryo,
per
bushel—
Tho visible supply of grain, comprising t
Hard winter. No. 2_______ 1 05
No. 2................................
67®68
at lake and
Oats, por bushel, new—
Cents. State
& Pennsylvania— Nominal granary at principal points of accumulation
Standards------------------------40
60@70 seaboard ports Feb. 1 1913, was as follows:
No. 2, white____________
nom. Barley— Malting ________
No. 3 .....................................
39
4 30
THE CHRONICLE
UNITED STATES GRAIN STOCKS.
Amer.Bonded. Amer. Amer.Bonded.
Wheat. Wheat, Corn. Oats. Oats.
bush, bush. bush. bush. bush.
In Thousands—
New York.......................1,789
Boston..........................
6
Philadelphia................. 356
Baltimore..................
6.33
New Orleans.... .........
747
Galveston . . ...............
297
Buffalo.------ ------------- 2.038
"
afloat............ 5,941
Toledo........................ 1 ,2 5 5
D etroit.-----------------365
"
afloat..........
141
Chicago..............
7 ,5 3 7
Milwaukee...............
233
Duluth....................II11,104
alloat..............3^010
Minneapolis ............... 20,157
St. Louis.......... ............ 2,946
Kansas City...................4,720
Peoria______________
4
Indianapolis ________
378
Omaha....................... 1,257
785
878
501
94
752
249
434 1,418
620
13
406
___ 2,492 3,054
___
563
391
398 —
250
___
___
___
___
—
Canadian Bonded
Wheat. Wheat.
bush. bush.
387
Montreal....................
Ft.William & Pt.Arthurl.3,679
'•
afloat......... 5,100
Other Canadian........... 4,020
Total Feb.
79
'412
347
404
69
245
210
Total Feb. 1 1913..64,914 3,150
Total Jan. 25 1913..65,019 4,195
Total Feb. 3 1912..60.425 1,696
CANADIAN
In Thousands—
1,377
42
128
364
190
209
159
521
165
420
1,055
.23,186
.64,914
151
11
110
196
3
44
342
280
108
136
113
196
91
849
414
*788
17
20
Canadian
Bonded
Corn. Oats. Oats,
bush. bush. bush.
25
—
1,446
4,034
440
2,859
25 8,779
11
24
—
17
—
—
25 8,536
—
4 ___ 4,825
SUMMARY.
Bonded
Bonded
Wheat. Wheal. Corn. Oats. Oats.
hush. bush. bush. bush. bush.
In Thousands-
116
2
19
9,717 9,646
164 1,169 2,711
9,290 9,815
227 1,535 3,141
6,900 14,335
440 1,099 2,716
GRAIN STOCKS.
___
..
____
Total Jan. 25 1913. .23,106
Total Feb. 3 1912 -22,625
1,043
189
91
400
184
711
85
98
—
35
46
50
Canadian
Bonded
Rye. Barlet/. Barley,
bush. bush. bush.
-----
49
___
-----
49
____
___
___
46
108
164
—
1,469 2,711
----49
35
Total Feb. 1 1913. . 8 8 ,1 0 0 3,150 9,742 18,425
Total Jan. 25 1913. .87,125 4,195 9,315 18,351
Total Feb. 3 1912 .83,050 1,696 6,904 19,160
164
227
440
1,469 2,760
1,535 3,186
1,099 2,824
35
46
50
THE DRY GOODS TRADE.
N ew
York, Friday Night, Feb.
7 1913.
•
G r,e ? t e r 1V t e r e s t o n t h o P a r t
b u y e r s h a s b e e n n o tic e a b le
* "1 b r a n c h e s o f t h o d r y g o o d s t r a d e d u r i n g t h e p a s t w e e k .
W h ile lo c a l la b o r tr o u b le s c o n tin u e to o v e r s h a d o w
th e
m a r k e t , t h e i r i n f l u e n c e is g r e a t l y o f f s e t b y a s t e a d y d e m a n d
in a ll lin e s f r o m o u t - o f - t o w n s o u r c e s .
D is a g r e e a b le w e a th e r
e a r l y In t h o w e e k s e r v e d t o k e e p b u y e r s o u t o f t h e m a r k e t ,
b u t t h o c o ld w a v e t h a t f o l l o w e d w a s w e l c o m e d b y r e t a ilo r s
w h o so fa r h a v e e x p e r ie n c e d a p o o r w in te r s e a s o n .
C o tto n
g o o d s c o n t i n u e in a s t r o n g p o s i t i o n .
F u rth e r a d v a n ce s on
s o m e lin e s t o g e t h e r w i t h a g e n e r a l h a r d e n i n g o f p r ic e s a r e
c a u s i n g b u y e r s t o t a k e g r e a t e r i n t e r e s t in t h e i r f u t u r e r e q u i r e
m en ts.
T h e y a r e m a k in g b e t t e r o ffe r s b u t aro n o t fin d in g
th e m a s r e a d ily t a k e n a s t h e y h a d e x p e c t e d .
J o b b ers are
c o v e r in g th e ir n e e d s o n s ta p le c o t t o n s th r o u g h th o fir s t
h a lf o f th e y e a r , a n d aro u r g in g p r o m p t s h ip m e n t o f s u c h
g o o d s a s t h e y h a v e u n d e r o r d e r , m u c h o f w h ic h w a s p u r c h a s e d
a t lo w e r p r ic e s t h a n t h o s e n o w p r e v a i l i n g .
T h e r e is a b r o a d
e n i n g d e m a n d f o r g 'n g h a m s , p r i n t s a n d c o lo r e d c o t t o n s w it h
a c o n s e q u e n t s tiffe n in g o f p r ic e s .
J o b b e r s a n d r e t a ile r s a r e
p r e p a r i n g t o l a y in la r g o s t o c k s o f c o t t o n - w a s h d r e s s f a b r i c s ,
a n t i c i p a t i n g a b ig b u s in e s s in t h e s o d u r i n g t h e c o m i n g S p r i n g
a n d S u m m o r o w i n g t o t h e p r o n o u n c e d s h o r t a g e in l i n e n s .
L i t t l e b u s in e s s is r e p o r t e d f o r e x p o r t a c c o u n t .
T h e f in a n c ia l
s i t u a t i o n in C h i n a is r e p o r t e d t o b e i m p r o v i n g , a n d a m u c h
b e t t e r b u s i n e s s e s lo o k e d f o r w i t h t h a t m a r k e t in t h e n e a r
fu tu re .
I n d i a is w o ll c o v e r e d o n s t a n d a r d d r i lls f o r t h e t i m o
b e i n g , b u t a s b u s in e s s in t h a t m a r k e t is v e r y a c t i v e c o n s i d e r
a b l e m o r e b u s in e s s is l o o k e d f o r f r o m t h a t q u a r t e r .
No
in q u ir i e s a r e r e p o r t e d f r o m R e d S e a p o r t s , a n d o n l y a m o d e r
a t e b u s in e s s is b e i n g d o n o w i t h S o u t h A m e r i c a .
M o n ’s
w e a r a n d dro ss g o o d s m a r k e ts c o n tin u e to su ffe r fr o m th e
e ffe c t s o f th e s tr ik o , b u t b u y e r s a r e ta k in g a n a c tiv e in te r e s t
in t h e n e w f a ll l i n e s .
O p e n i n g p r ic e s o n t h e s e h a v e b e e n
m a d e w ith a d u o r e g a r d to p r o s p e c tiv e ta r iff r e d u c tio n s ,
a n d v a lu o s aro b e t t e r th a n b u y e r s h a d e x p e c t e d .
T h o in it i a l
b u s in e s s o n f a n c y o v e r c o a t i n g s h a s b e e n s u r p r i s i n g ly g o o d ,
sa le s t o d a te b e in g a h e a d o f la s t s e a s o n .
L ittlo h a s b e e n d o n o
in su itin g s a s c u t t e r s -u p a n d c lo t h in g m a n u fa c tu r e r s a re
a w a it in g th e o u t c o m e o f th o s tr ik e b e fo r e p la c in g th e ir F a ll
re q u ire m e n ts.
T h e s t r i k e is l a s t i n g l o n g e r t h a n t h e y h a d
e x p e c t e d a n d a s t h e y h a v e a l a r g e b u s in e s s o n t h e i r b o o k s
t h e y a r o i m p a t i e n t t o g e t s t a r t e d o n n e w F a l l li n o s .
They
h a d a n tic ip a te d th o tr o u b le a n d h a d m a d e s o m e p r e p a r a tio n
to c a r r y th e m th r o u g h th o S p r in g s e a s o n , e x p e c tin g th a t th e
s tr ik e w o u ld b o o v e r in tim o to g e t a n e a r ly s ta r t o n th e ir
F a l l b u s in e s s .
D O M E S T IC
CO TTO N
-1913
.
.
Since
Week. Jan. 1.
G ra y go od s,
w e a r f a b r ic s h a v e b e e n o p e n e d a n d s a l e s h a v o b e e n v e r v g o o d
a n d a b o v e th o se o f la s t s e a s o n .
T h o p o p u la r p ric o d d r e ss
g o o d s h a v e a l s o b e e n in a c t i v e r e q u e s t w i t h f u ll p r io e s r e a l i z e d .
M i l l s a r e w e ll b o o k e d w it h b u s i n e s s a n d t h o o u t l o o k f o r
t h e lu t u r o is e n c o u r a g i n g .
F O R E I G N D R Y G O O D S .— N o t w it h s t a n d in g th o h a r d o n m g t e n d e n c y o f p r ic e s d e m a n d f o r li n e n s c o n t m u o s a c t i v o ,
j o b b e r s b u y i n g w e ll f o r F a l l d e l i v e r y .
I t is s t a t e d t h a t a
g o o d p a r t o t t h o p r e s e n t b u y i n g is s t i m u l a t o d b y f e a r s o f
s t i ll h ig h e r p r ic e s a s in v i e w o f t h o in c r o a s o d c o s t o f p r o d u c
t i o n a n d s t e a d y a d v a n c i n g p r ic e f o r r a w m a t e r i a l i t is b o li o v e d
h i g h e i p r ic e s a r e i n e v i t a b l e .
R o p o a t ordors o n h o u se k e ep
in g g o o d s c o n t i n u e t o b e r e c e i v e d a n d a r e t a k e n t o i n d i c a t e
t h a t b u y e r s in m a n y i n s t a n c e s u n d e r e s t i m a t e d t h o ir S p r i n g
re q u ire m e n ts.
D e liv e r ie s a r e b a c k w a r d
and
b u y ers aro
u r g in g q u ic k s h ip m e n t o f g o o d s o r d e r e d .
B u r la p s r u le
s t e a d y t o f i r m w it h a m o d e r a t e b u s i n e s s t r a n s a c t e d in b o t h
h e a v y a n d lig h t w e ig h ts .
L ig h t w e ig h t s a r o q u o te d 6 .4 0 c t o
6 .5 0 a n d h e a v y w e ig h ts a t 9 .0 0 c .
Importations
and Warehouse Withdrawals ofDryGoods.
00 © © ©
O 00 _ .
•HCOCOCl 00
00t-. rHt^. Cl
COIs- COCl o to to
COto © CO*t« © CO
‘O^ COto
Cl GO Cl CO
COCl © lo »0
fhiooo fh<
f—
i
il
rt*CO*CO CO
Eh
H
s
«
OOONOO
co -r >-hco —<
g w ooci cqcoo
1^00 © GOCO
o
§M ! §_*
ci o
S
t^cqoo © ^
< 00 i-4 H © rf
co -4 ci
r*
^
a
00
.H
© C! COCO^
<
o
b
53
© h- © © *5
Cl CO© 3*©
53 cq ^ ^ © 05
to rH lO © Tg
$ O
C I^ h O
co co © ©
o
c i oo to
O) U3 to —l 05
o j n o o n a ’ o ’ eo
h 7$
05 n t i
oo
^ 5
05 CO 00 CO to
5COCl *
it
co
© © © —4©
c i © © r - oo
^I^COh O
«*tooocicico
a io
«. ci
lo —
—
01tn
to tri
CO
◄
«
o
w
0101C5CO-1*
ZZ
^ © oot^o
© ^
to
<N
y-i
co © * o © ©
©
eo
oo
s s s ©s
^ K © cq ©
t* © © © *2
©G
CO3*1
*©
tp
aa S©
2w
© co5oo
*3
O
m
© ^
to ©
Cl to
CO©
COCl
S
D»o©
ri 15
br gj
«
s
Eh
co © co
co
rp
©
©©
CO©
53
M
<
©MO HHK.
© »-4©
© CO
CO 00
CO CO
a
^ to
Q J -o • ^ Cl co CO^
^
•0 ^ ^ b- ©
CO
CO00 »o Cl
CO
OH(M00
t'* © to
*-41^05^05
Cl ©
Cl rf ci O
Cl cq to Cl to
.s £
"3
>to to to ©
N© © o ©
c i ) © c i »o
** CO(M
to Ol ci *
£
^ .
15
9
COC5 —iO ‘O
COo COc—o
1912-------
ince
Week.• JaS
n. 1.
.1,500
-2,07!)
. 0(55
- 889
.
72
. 429
.1,000
. 324
198
71
5,267
2,845
3,670
2,394
4,937
382
1,640
5,352
6,677
476
1,187
82
320
2,133
113
406
151
6,108
1,746
2,460
1,299
6,314
352
1,950
7,923
3,942
.6,882
33,433
5,128
32,651
147
75
330
200
T h e v a l u e o f t h e s e N o w Y o r k e x p o r t s s in c e J a n . 1 h a s b e e n
$ 2 , 6 9 0 , 4 7 4 in 1 9 1 3 , a g a i n s t $ 2 , 4 4 7 , 8 0 4 in 1 9 1 2 .
lItu*e r i o n e o f p r i c e s , h o w e v e r , is s t e a d y .
w n n l V t ^ n n n T q u o ta b ly u n ch a n g ed a t G K @ 5 ^ c .
W U U L E W G O O D S . — A c c o r d i n g t o r o p o r t s r o c o iv o d f r o m
m a r k e t s t o r m e n s w e a r a n d d r e s s g o o d s , b u s in e s s d u r i n g
th e p a s t w e e k h a s b e e n q u ite a c tiv o d e s p ite th o s tr ik o a m o n g
g a rm en t w orkers.
A d d i t i o n a l lin e s o f h e a v y w e i g h t m e n ’ s
^fco © 0© ©
©
t- Tfl ©
c q © © i-i cq
Cl <N
Cl
1-41-4cq
»o © -^ © co
G O O D S .—
New YorktoFeb. 1—
Other Europe.
C h in a _______
o o 1} * ' •
Rye. Barlci/. Barley.
bush, bush
bush.
3,150 9,717 9,646
—
25 8,779
.
T r a d e in d o m e s t i c c o t t o n m a r k e t s c o n t i n u e s t o g o a l o n g
w i t h a d e g r e e o f c o n f i d e n c e w h i c h is v e r y e n c o u r a g i n g in
v i e w o f t h e l a b o r d if f ic u lt ie s a m o n g g a r m e n t w o r k e r s .
The
p o s s i b i li t i e s o f t a n f l r e d u c t i o n s a r e p r o m p t i n g s o m e m e r c h a n t s
t o o p e r a t e c o n s e r v a t i v e l y , w h ile o t h e r s a r e g o i n g r i g h t a h e a d
d o i n g b u s i n e s s , b e in g f u l l y c o n v i n c e d t h a t w h a t e v o r c h a n g e s
in t h e t e x t i le s c h e d u le s t h e y w ill n o t b e d e t r i m e n t a l t o t h o o c c u r
w e lf a r e o f t h e c o u n t r y a n d t o it s p r o s p e r i t y .
P r i c e s h o ld
v e r y s t e a d y d i s p l a y i n g in a n u m b e r o f i n s t a n c e s a h a r d e n i n g
te n d e n c y .
M a n y o f t h e c o lo r e d lin e s o f h e a v y d o m e s t i c s
a r e s o w e ll s o ld u p t h a t s e lle r s a r e u n a b l o t o g i v o t h o d e li v e r i e s
fr o m s t o c k t h a t a re g e n e r a lly e x p e c te d a t th is tim e o f t h e
year.
A s r e g a r d s b le a c h e d g o o d s , s u p p l ie s a r o m o r e p l e n t i
f u l, a lt h o u g h n o t h e a v y e n o u g h to a f f e c t v a lu o s .
W ash and
d r e s s g o o d s a r o s e lli n g w e ll, s a l e s m e n o n t h o r o a d s e n d in ir
g o o d o r d e rs a n d r e p o r ts to th e e ffe c t t h a t th e m ild w e a t h e r
to g e th e r w ith th e fa c t th a t th e E a s t e r h o lid a y s c o m e m u c h
e a r lie r t h i s y e a r t h a n u s u a l a r e r e s u l t i n g in a n a c t i v e d e m a n d
fo r S p r in g g o o d s .
D r e s s g i n g h a m s h a v o b e e n in v e r y g o o d
r e q u e s t , a n d w h ile p r ic e s o n a n u m b e r o f n o w li n o s h a v e n o t
y e t b e e n n a m e d a la r g e b u s i n e s s h a s b e e n b o o k e d s u b j e c t
t o t h e n a m i n g o f v a lu e s la t e r o n .
A s re g a rd s o u tin g fla n n e ls
n a p p e d g o o d s a n d b l a n k e t s , s a le s h a v o b o o n li b o r a l .
L in e s
o f d u c k c o n t i n u e in a s t r o n g p o s i t i o n w i t h a s t e a d y i m p r o v e
m e n t n o t e d in t h o d e m a n d , w h il e t i c k i n g s h o ld s t e a d y w i t h a
n u m b e r o f t h e c o lo r e d lin e s d i f f i c u l t t o o b t a i n .
F u l l p r ic e s
a r e b e i n g p a i d f o r p r o m p t s h i p m e n t s o f s h e e t i n g s a n d d r ills
b u t f o r f u t u r e d e l i v e r y b u y e r s a r o i n c l in e d t o h o l d o f f f o r
c o n c e s s io n s .
A f a ir t r a d e is r e p o r t o d in p r i n t c l o t h s w i t h
c o m p e t i t i o n f o r b u s in e s s r e s u l t i n g in s o m e i r r e g u l a r i t y .
The
Amer. A mer .Bonded
Rye. Barley. Barley,
bush. bush. bush.
26
3
[ V o l . X C V I.
00 -H 01 to t t f OI
3
©
© co
rp
) r-i 10 © oo tq
<© © ©
>to 00 ^
g
o
W
©<
o
o■xn*
co oo *-4 co© co tft
co ci
s
-
ts
t
d
8
O £
a
c3 —. O
d
^
i
O aj
feiJ
d
P
d V-^ tJ
■o S
d ? O CO W
H1
<i
<i
w
S » ' t3
t«
Oo
a
w
THE CHRONICLE
Feb. 8 1913 ]
n \\-u
y in
E f /* j* j
t»
(SfoxonitU.
PUBLISHED WEEKLY.
T erm s o f Su bscrip tion — Payable in A d va n ce
For One Y e a r ............... .........................................................................$10 00
For Six Mont hs........................................................................................ o 00
E u r o p e a n S u b s c r ip t io n ( i n c l u d i n g p o s t a g e ) ....................................................... I d 0 0
European Subscription six months (including postage).......................
1
oo
A n n u a l S u b s c r ip t io n in L o n d o n (i n c l u d i n g p o s t a g e ) ...................................£ 2 1 4 s .
Six Months Subscription in London (including postage)....................£1 11 sCanadian Subscription (inoluding postage).........................................$11 50
Subscription includes follow in g Supplements—
B ank and Quotation (monthly) |railw ay and I ndustrial (3 times yearly!
Kailway E armnos (monthly)
ELECTRIC K ailway (3 times yoarly)
S tatu and City (semi-annually) |B ankers’ Convention (yearly)
T erm s o f A d vertisin g— Per Inch Space
Transient matter per inch spaco (14 agate lines)....................................
C Two Months (H times)...........................
Standine-Business
Cards )< glx
Three
Months (20
(13 times)...........................
times)...........................
Htanntng uusmess cards
Months
$4 20
22 00
20
50 00
00
(. Twelve Months (52 times)..........................
00
CHICAGO Office—Goo. M. Shepherd,513 Monadnock Block;Tel.Harrison4012.
L ondon Office—Edwards <fc Smith, 1 Drapers’ Gardens, E. C.
W IL L IA M
P. O. B ox 9 58 .
B . D A N A C O M P A N Y , P u b lis h e r s ,
F r o n t , P in e a n d D c p o y s t e r S t s .,
N ow Y ork ,
M U N IC IP A L BOND SALES IN J A N U A R Y .
While the list of municipal bonds sold last month is much
smaller than usual, tho total— 829,502,071— is, with but ono
oxooption, larger than that reported by us for any othor
January in tho last twenty-two years. This sum represents
only now issues of long-torm bonds, and does not include
temporary loans negotiated last month nor debentures issued
by Canadian municipalities. These latter aggregated $41,
137,645 and $10,009,813, respectively. There wore also
sold in January $1,000,000 bonds of Porto Rico.
In tho following wo furnish a comparison of all tho various
forms of obligations put out iu January of the last five years.
1913.
$
1912.
s
1911.
$
1910.
s
1909.
s
Permanent loans (U.8.).29,502,671 25,205,749 *78,510,275 10,319,478 29,318,403
Temporary loans (U .8.). 41,13 7,045 39,240,989 27,498,000 10,185,502 32,593,020
Canadian loam (perm.t) 10,009,813 2,010,071
1,325,575 21,910,149 34,104,530
Bonds of U. S. Poss’ns.. 1,000,000
None.
None.
None.
None.
T ota l....................... 81,650,129 07,129,409 107,333,910 54,415,189 90,015,905
* Includes 160,000,000 lasuo of corporate stock by New York City.
431
ing for tho direct election of United States Senators by the
people, was concurred in by the State Senate on Jan. 31.
New Mexico.— Legislature Favors Incom e Tax.— A reso
lution ratifying the proposed incomo tax amendment to the
Federal Constitution was passed by tho Senate on Feb. 1
(19 to 1) and the House on Feb. 3.
New Jersey.— Legislature Ratifies Federal Incom e Tax .—
By a vote of 12 to 9 the State Senate on Feb. 4 passed the
resolution adopted by the Assembly on Jan. 27 ratifying the
proposed Income Tax Amendment to tho Federal Consti
tution.
O regon.— Legislature Ratifies Direct Election of U . S.
Senators.— The Stato Department at Washington has been
notified that the Oregon Legislature on Jan. 23 approved
tho proposed amendment to the Fedoral Constitution pro
viding for the election of U. S. Senators by direct vote of the
people.
United States.— Incom e Tax Am endm ent Ratified.— The
proposal to amend the Federal Constitution by adding
Article X V I., empowering Congress to collect taxes on in
comes, has now been ratified by the legislatures of thirtynine States— three more than the necessary throe-fourths of
tho entiro Union. Tho joint resolution providing for the
amendment was passed by Congress on July 12 1909, and
ahile the amendment was given in full in these oolumns at
that time, we reprint it below for the convenience of our
readers:
“ Article X V I.— The Congress shall have power to lay and
collect taxes on incomes, from whatever source derived,
without apportionment among the States and without re
gard to any census or enumeration.”
The various States whose legislatures have taken favorablo action on the amendment are as follows:
Alabama, Arkansas, Arizona, California, Colorado, Dela
ware, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Ken
tucky, Louisiana, Maine, Maryland, Michigan, Minnesota,
Mississippi, Missouri, Montana, Nebraska, Nevada, New
Jorsoy, New Mexico, New York, North Carolina, North Da
kota, Ohio, Oklahoma, Oregon, South Carolina, South Da
kota, Tennessee, Texas, Washington, West Virginia, Wis
consin and Wyoming.
W est V irginia.— Legislature Ratifies Federal Incom e Tax.
— The resolution ratifying the proposed incomo tax amend
ment to the Federal Constitution passed by the Stato Sen
ate on Jan. 29 was unanimously concurred in by the House
on Jan. 31 (V. 96, p. 374).
Legislature Approves Direct Election of U . S. Senators.— The
Stato Senate on Feb. 4 adopted the House resolution ratify
ing the amendment to the Federal Constitution providing
for tho election of U. S. Senators by direct vote of the people.
W yom ing.— Ratification of Federal Incom e Tax.— On Feb. 3
both branches of tho Wyoming Legislature adoptod a resolu
tion approving the proposal to amend the Federal Constitu
tion by adding Article X V I., which empowers Congress to
levy a tax on incomes. Tho vote was unanimous.
Four Staton woro borrowers during the first month
of tho new yoar. Maryland placed $2,150,000 4s, Mas
sachusetts $5,497,500 4s, California $400,000 4s and Mis
souri $3,000,000 3 Ms. Tho 3 Ms are part of an issue
of $3,500,000 Missouri Stato capital bonds, which have
been on tho market for some time. As stated on a sub
sequent page, tho $3,000,000 were finally disposed of
on a commission basis. Other large issuos awarded in
House Favors Direct Election of U . S. Senators .— The House
January wero as follows: $6,179,000 4M S of Rochester, on Feb. 3 also passed unanimously a resolution ratifying the
N . Y .; $1,270,000 5s of Orango County, Cal.; $1,000,000 proposed amendment for the direct election of U. S. Sena
4MS °f the Port of Seattlo, Wash.; $516,000 4J4S of Albany, tors. A similar resolution is before tho Senate.
N . Y .; $460,000 5s and $200,000 4M S of Soattle School Dis
Bond Proposals and Negotiations this week
trict, Wash.; $400,000 4 Ms of Schenectady, N. Y ., and
$391,650 4
of Trenton, N. J.
have been as follows:
ALGONA INDEPENDENT SCHOOL DISTR IC T (P. O. A lcona),
Tho number of municipalities emitting permanent bonds
K ossu th C ounty, Iow a. — BOND O FFER IN G .— This district will offer
and tho numbor of soparato issues made during January 1913 at public auction at 2 p. in. Feb. 11 the $15,000 4 } i % bldg, bonds voted
4 1912 (V. 95. p. 1486). Denom. $1,000. Date N ot. I 1912.
woro 196 and 295, respectively. This contrasts with 377 and Oct.
ALLEN COUNTY (P. O. Lima), O hio.— B ID S .— The other bids re
ceived on Jan. 29 for the $14,454 6% ditch-constr. bonds awarded to the
517 for Dooombor 1912 and with 309 and 432 for Jan. 1912.
Old Nat. Bank of Lima (V. 96, p. 375)jwere as follows:
For comparative purposes wo add the following table, Seasongood& Mayor, Cin.$14,689 00 Sidney Spltzer & Co., T o l.$14,581 70
Nat. Hank, Ilarnrev. 14,655 00 Tillotson & Wolcott C o,,
showing tho aggregates of long-torm bonds for January for First
Cleveland ___________ 14,491 58
Hayden,Mlller&Co.,Clev- 14,614 00
First
Nat. Bank, c ie v e .. 14,609 60 First Nat. Bk., Columbus 14,479 00
a series of years:
A bid was also received from W. E. Fox & Co. of C in c in n a ti.
1898 ............... 8,147,893
1913...............$29,602,6711 1905...............
1012 ............... 25,265,749 1901 ...............
1911 ............... 78,510,275 1903 ...............
1010................. 16,319,478 1902 ...............
1909 ............... 29.318.403 1901 ...............
1908............... 10,942,968 1900...............
1007 ............... 10,160,146 1899..........
1900............... 8,307,582
8,436,253
23.843,801
15,941,790
10,915,845
9,240,864
20,374.320
0,075,957
1897 .............. 10,405,770
1890 .............. 6,507,721
1895 .............. 10,332,101
1894 ________ 7,072,207
1893 ________ 5,438,577
1892 ............... 0,352,000
Owing to tho crowdod condition of our columns, wo are
obliged to omit this week tho customary table showing the
month’s bond sales in detail. It will bo given later.
News Items.
Chehalis, W ash.— City W in s Water Suit.— On Jan. 27
Judge Cushman in the Federal Court denied the applica
tion of tho Washington-Oregon Corporation to restrain tho
erection of a municipal water plant by the city. The Court
decided, it is said, that tho terms of the franchise granted to
tho company do not preclude the city from constructing its
own water system. See V. 95, p. 1226.
Delaware.— Federal Income Tax Ratified.— On Feb. 3 a
resolution approving tho proposed amendment to tho Fedoral Constitution giving Congress power to tax incomes was
passed unanimously by both branches of the Legislature.
Id ah o.— Direct Election of United States Ratified by Legis
lature.—-The resolution passed Jan. 23 by tho House of Rep
resentatives of tho Stato Legislature, ratifying tho proposed
amendment to tho Constitution of tho United States provid
A N N A R B O R , W a s h t e n a w C o u n t y , M i c h . — BOND S A L E .— O n Feb. 1
tho $25,000 4% hospital bonds voted Aug. 27 19i2 (V. 95. p. 660) were
awarded to local Investors at par. Denom. $500. Date Feb. 1 1913.
Int. aim. in Aug. Due $2,500 yrly. Aug. 1 from 1914 to 1923 i n c h
A R C A D IA
SC H O O L
D IS T R IC T
(P .
O.
A r c a d ia ),
L os
A n g e le s
C o u n t y , Cal.— BONDS VOTED .— An election held Jan. 27 resulted, it
is stated, in favor of tho question of issuing $25,000 bldg, bonds. The
vote was 86 to 18.
A SB U R Y
P A R K ,
M on m ou th
C ou n ty ,
N.
J
— BOND OFFERIN G
POSTPO N ED . — Wo are advised that the offering of the $175,000 4 J-i %
30-yr. coup, (with priv. of reg.) school bonds which was to hare been hold
Fob. 3 (V. 96, p. 375) was indefinitely postponed.
A T L A N T I C C I T Y , N . J .— BO N D OFFER IN G . — Proposals will be re
ceived until 12 m. Feb. 26 by tho Director of Revenue and Finance and the
City Comptroller for the following 4 'A % gold coup, tax-free bonds (V.
95, p. 1559):
$200,0()d school bonds. Date July 1 1912. Due July 1 1947.
180.000 drainage bonds. Date Jan. 1 1913. Due Jan. 1 1943.
100.000 water bonds. Date Jan. 1 1913
Due Jan. 1 1943.
45.000 paving bonds. Date Jan. 1 1913. Due Jan. 1 1938.
20.000 fire-house bonds. Date Jan. 1 1913. Duo Jan. 1 1943.
Denom. $1,000. Int. semi-annual at the Hanover Nat. Bank, N. Y .
Tho bonds may be registered as to principal only or principal and int.
and delivery of same will be made on or about March 12. A deposit in cash
or cert, check for $10,000, payable to the “ City of Atlantic City, required
if bid is for all bonds, and if bid is for part tho deposit required is 2% of
same. Official circular states that there is no litigation affecting three
bonds or the statutes under which they are issued and that the city has
never defaulted in interest or principal on bonds. The bonds will bo certi
fied as to genuineness by the Columbia-Knickerbocker 'lrust C o..of N. Y .,
and tho legality will bo approved by Dillon, Thomson & Clay of N. Y .
whose opinion will accompany the bonds when delivered, without cost to
tho purchaser. Accrued interest to be paid by successful bidder. Bids
to be made upon the form furnished by the City Comptroller.
0
AUGUSTA Ga.— BOND S A L E . — On Feb. 6 the $250,000 4 ^ % 30-year
coupon flood-protection bonds, 1912 (V.96, p. 300), wero awarded to Ashley
& Co of Atlanta at 100.25. Tho next highest bid was an offer of 99.50,
submitted bv Baker, Watts & Co. of Baltimore.
432
THE CHRONICLE
BASSETT, R ock C ounty, N eb. — BO N D O FFER IN G .— Proposals will
be received until 9 a. m. Feb. 10 by 4V. E. Buckendorf, Village Clerk, for
tho S3,000 electric-light and $10,000 water-works 5% 5-20-yr. (opt.) coup,
bonds (V. 95, p. 1761). Denom. SI.000. Date Dec. 2 1912. Int. J.&D.
in N. Y. Cert, check for 5% of bid Is required.
BELMONT, Middlesex C ounty, Mas3.— BOND S A L E — On Feb. 5
$10,000 4% coupon sewer bonds were awarded to Blodget Sc Co. of Boston
at 103.04. Other bids follow (bidders all of Boston):
Goo. A. Fernakl Sc C o.......... 102.534 N. \V. Harris & C o................. 101.66
\V. L. Raymond & C o______102.22
Estabrook Sc C o....................... 101.52
It. Ij. Day & C o.......... ........... 102.189 Adams Sc C o _______________ 100.53
Curtis Sc Sanger___________ 102.03
Denom. $1,000. Date Feb. 1 1912. Int. F. & A. at the Beacon Trust
C o. in Boston. Due Feb. 1 1943
Bonds are exempt from taxation in
Massachusetts.
BEVERLY, Essex C ounty, Mass.— BO N D S A L E .— On Feb. 5 the
following bids were received for 4 Issues of bonds aggregating $299,000:
Estabrook Sc Co., Boston____ *101.19 for 3 issues aggregating $140,000
Merrill, Oldham & Co., Boston, 100.919 for 3 issues aggregating $140,000
it. L. Day Sc Co., Boston______100.799 for 3 issues aggregating $140,000
Edgerly & Crocker, B oston ___ 100.87 for 3 issues aggregating $140,000
Curtis Sc Sanger, Boston_______ 100.78 for 3 issues aggregating $140,000
It. L. Day & Co., Boston_____ *101.299 for the $159,000 issue.
Estabrook Sc Co., Boston ______ 101.29 for the $159,000 issue.
Curtis Sc Sanger, Boston............. 100.04 for the $159,000 issue.
. Blodget & C o., B oston ________ 101.21 for all issues.
Blake Bros. Sc C o., Boston_____100.59 for all issues.
N. \V. Harris Sc C o., B oston___100.567 for all issues.
[ V o l . XCVI
CORVALLIS, B enton C ounty, Ore.— P U R C H A S E R OF B O N D S .—
The purchaser of the $2,500 5% 40-year bridge bonds recently sold (V. 96,
p. 300) was tho First Nat. Bank of Corvallis, at par. Denom. $500. Date
Jan. 1 1913. Int. J. & J.
•
DAVIS COUNTY H IGH SCHOOL DISTRICT, U tah.— BO N D S A L E .
— Causey, Foster & Co., E. II. Rollins & Sons. Keoler Bros, of Denver and
A. B. Leach & Co. or Chic, have purchased $180,000 5% 20-yr. bonds at
their joint bid of 101.59.
DUNDEE (P. O. Omaha), Douglas C ounty, Neb.— BO N D S A L E .—
\V. J. Creedon of Omaha was awarded at par and int. the $7,000 5% 10-20ycar (opt.) town-hall bonds (V. 95, p. 1696). Denom. $500. Date
Dec. 1 1912. Int. J. Sc D .
EDGE WOOD (P. O. W heeling), Ohio C ounty, W. Va.— BOND O F
F E R IN G . — Proposals will be received until 6 p. m. Mch. 3 by John L.
Dickey and F. J. Park, Sr., Bond Commissioners, for $47 000 special
assess, and $7,000 street-impt. 6% bonds. Denom. $500.
EL PASO COUNTY (P. O. El Paso), T e x .— V O TE. — The vote cast at
tho election held Dec. 27 1912, which resulted in favor of tho proposition
to issue the $350,000 5% road-constr. bonds (V. 96, p. 80), was 665 “ for”
and 79 “ against.”
EUFAULA, M cIntosh C ounty, Okla..— BONDS V O T E D .— The issu
ance of $75,000 sewer-system bonds was authorized, it is stated, at a recent
election.
EUGENE, Lane C ounty, Ore.— BO N D O FF ER IN G . — Further details
are at hand relative to the offering on Fob. 10 of the $32,850 impt. bonds
(V. 96, p. 375). Proposals for these bonds will be received until 7:30 p.m.
on that day by It. S. Bryson, City Recorder. Denom. $250 and $500,
except one of $350, as such denominations may bo agreed upon. Date
as shall bo agreed upon between tho Common Council and the purchaser.
Int. (rate not to exceed 6% ) semi-annual. Cert, check for 2% of bonds
required.
FALL BROOK UNION H IGH SCHOOL DISTR IC T (P. O. FALLbrook), San Diego C ounty, Cal.—•BO N DS V O TED . — Tlie question of
issuing $20,000 site-purchase high-school-bldg, bonds receivod a favorable
vote, it is reported, at a recent election.
FORT BEND COUNTY (P. O. R ichm ond) Tex.— BOND OFFERIN G.
— Proposals will bo received until 12 m. Feb. II by W. I. McFarlane,
County Judge, for $175,000 5% 10-40-ycar (opt.) road bonds. Dato Feb. 10
1913. Cert, check for l % of bonds bid for required. The bonds are expec
ted to be ready for delivery by Feb. 11.
FRAMINGHAM, Middlesex C ounty, Mas3.— T E M P O R A R Y L O A N .—
A loan of $25,000, duo Oct. 10, has been awarded, it is stated, to Estabrook
& Co. of Boston at 3.61% discount.
TRICT (P. O. Frazers
'A I D FOR BO N D S .— T L . .....
____ ’eoplo’i______
. .
....
_
Co. of Frazersburg (V. 96, p. 376) was $30,547 15, making the price 101.823.
Denom. $500. Int. M . Sc S. Duo from 3 to 28 years.
FRESNO SCHOOL D ISTRICT (P. O. Fre3no), Fresno C ounty, Cal.
— BONDS VOTED . — At a recent election the question of issuing $50,000
5% bldg, bonds received a favorablo vote, it is reported.
FULLERTON-CAGE SCHOOL D ISTR IC T (P. O. H ou ston ), Tex.—
BOND S A L E . — The $10,000 5% 20-40-yr. (opt.) bldg, bonds (V. 96, p.
376) have been sold, according to reports.
FULTON, F u lton County, Ky.— B ID S R E J E C T E D . — All bids received
on Feb. 3 for $26,221 6% street-impt. bonds wero rejected, reports state.
GAFFNEY SCHOOL DISTRICT (P. O. G affney), Cherokee C ounty,
So. Car.— BOND E L E C T IO N .— Tho election to vote on tho question of
issuing $2,500 refunding anil $27,500 site-purchase, school-bldg, and impt.
bonds will be held Feb. 11, reports stato.
GALLATIN COUNTY (P. O. Bozem an), M ont.— BOND S A L E . —
On Jan. 28 the $50,000 443% 10-20-yr. (opt.) coup, high-school bonds
(V'. 95, p. 1696) were awarded to the Commercial Nat. Bank of Bozoman at par and int. Other bids follow
Seasongood Sc Mayer. Cin . _.$48,140
For 443 s ■
State Bel. of Land Comm’rs. .$50,000 Parson, Son & Co., Chicago. -17,750
Win. R. Compton & Co., St.L.49,500 Sidney Spitzer Sc Co., Tot__ 47,516
For 5s.
Devitt, Tremble & Co.. Chic. 49,205
John Nuveen Sc Co., Chicago 49,110 Seasongood Sc Mayor, C in e.. 50,518
C. W. McNear & C o., C h ic.. 48,805 John Nuveen & Co., Chicago 50,405
Bids were also received from A. J. Hood & Co. of Detroit and S. A. Kean
Sc Co. of Chicago.
GARFIELD COUNTY (P. O. G lenw ood Springs), C olo.— P U R
C H A SE R OF BO N DS.— Tho purchaser of the $166,300 5% 10-20-yr. (opt.)
refunding bonds sold Jan. 8 (V. 96, p. 222) was J. N. Wright Sc C o . of
Denver, for $167,810, making tho price 100.19. Denom. $1,000. Int.
semi-annual.
GASTONIA, G aston C ounty, No. Caro .— BOND O FF ER IN G . — Bids
will bo opened at 7:30 p. m. Fob. 25 by tho Board of Aldermen for $35,000
street and highway im pt., $12,500 sower-constr., $10,000 watcr-mainconstr., $2,500 elec.-light-extension and $10,000 school-constr. 5% coup,
bonds (Vr. 96, p. 301). Auth. Chap. 272, Private Laws of 1911; also elec
tion held Nov. 30 1912. Denom. $1,000. Dato Mch. 1 1913. Int. M . &
S. Due 30 yrs. Bonds are exempt from city taxation. Cert, check
for 243% of bid, payablo to J. O. Rankin, Town Treas., required. Bids
for less than par valuo or for less than $5,000 worth of bonus will not be
considered. Official circular states that this town has never contested
the payment of Interest or principal of any of its bonds.
GEORGETOWN, Sussex C ounty. Del.— BONDS V O T E D .— Tho
question of issuing $12,500 high-school-bldg, anil $35,000 water-plantpurchaso bonds was authorized at an election held Fob. 1, according to
reports.
GLENDALE, Los Angelos C ounty, Cal.— BOND S A L E .— T h e $20,
000 fire and $5,000 street 5% bonds offered on Jan. 13 (V. 96. p. 80) were
awarded to tho Win. R. Staats Co. of Los Angeles at 100.348 and int.
GOLIAD INDEPENDENT SCHOOL D ISTR IC T (P. O. G oliad ),
G oliad C ounty, Texas.— BOND O FFER IN G . — Proposals will be received
until Feb. 15 by L. Baker, Treas. Bd. of Ed., for the $20,000 5% publicfree-school-constr. and repair bonds registered by tho State Comptroller
Oil Dec. 27 (V. 96, p. 80). Auth. Hoc. 18, Chap. 5, Thirty first Legis
lature. Denom. $500. Date Sept. 24 1912. Int. ann. in Austin, Texas,
or N. Y. City at option of holder. Duo 40 years, opt. after 5 years on 30
days’ notice. No bonded debt at present. Assess, val. 1912, $1,368,192.
Estimated real val. at present, $3,000,000.
GRANGEVILLE INDEPENDENT SCHOOL D ISTR IC T NO. 2
(P. O. Orangeville), Idaho C ounty, Id ah o.— D E S C R IP T IO N OF
BO N D S.— Tho $61,000 513% 10-20-yr. (opt.) school bonds awarded on
Jan. 4 to Cooke, Holtz Sc Co. of Chicago (V. 96, p. 301) arc in tho denom. or
$1,000 each and dated Jan. 1 1913. Int. J. & J.
GRANT COUNTY (P. O. L ancaster), Wis — BOND S A L E .— On
Feb. 1 $100,000 443 % bonds wero awarded to tho Union Stato Bank of Lan
caster at 100.65 and int. Other bids follow:
Harris Tr. Sc Sav. Bk., C h i.$100,640 A. B. Leacli Sc C o., Chicago $100,055
John Nuveen Sc C o., C h ic.. 100,500 Weil, Roth Sc C o., Chicago. 100.055
First Sav. Sc Tr. Co., M llw. 100,327 N. W. Halsey Sc Co., C h ic.. *99,560
_____ _ Peck Sc Roekwood,Ch.99,050
S. A. Kean & C o., Chicago. 100,300 Emery,
$50.000 April 15 1913.
* $50,000 delivered immediately anill $50,000
HAMPDEN COUNTY (P. O. Springfield), Mass. T E M P O R A R Y
L O A N .—-On Feb. 4 tho $50,00) loan duo Nov. 6 1913 (V. 96 p. 301) was
negotiated with tho Old Colony Trust Co. of Boston at 3.56% discount and
$1 75 premium.
HANCOCK COUNTY (P. O. Bay St. Louis) Miss.— BO N D S A L E .—
On Feb. 3 the $50,000 6% 20-yr. coup, road and bridge bonds (V. 96, p. 301)
were awarded to the Win. R. Compton Co. of St. Louis at 107.73 and ac
crued interest.
HOBOKEN, H udson C ounty, N. J. — BOND O FFER IN G .— Proposals
will be received until 2 p. m. Fob. 14 by J. It. Londrlgan, City Clerk, for
$109,000 443 % coup, or reg. school bonds. Int. J. & J. Duo Jan. 1 1943.
Cert, check for $2,000 required. Those bonds will bo certified as to gen
uineness by tho Columbla-Knickorbocker Trust Co. and their legality
passed on by Hawkins, Delafielil Sc Longfellow of N. Y.
*It is stated that these bids wero successful.
The $159,000 4% coupon sewerage loan No. 1, 1912, bonds are in the
denom. of $1,000 each and dated Juno 1 1912. Int. J. Sc D. at the Old
Colony Trust Co. in Boston. Due $9,000 yrly. Dec. 1 1913 to 1919 and
$6,000 yrly. Dec. 1 1912 to 1935 incl.
BOSCOBEL, Grant C ounty, AVis.— BONDS V O T ED . — By a vote of
209 to 91 the question of issuing $24,000 3 >3% water-works bonds carried
at an election held Jan. 28. Int. annual. We are advised that funds will
be borrowed from tho State.
BREMEN, Fairfield C ounty, O hio.— BO N D O FFER IN G . — Proposals
will be received until 12 m. Feb. 15 by E. T. Purvis, Sec’y Sinking Fund
Trustees, for $1,400 5% coup. Storm Water Sewer District No. 2 sowerconst. (village’s portion) bonds. Denom. $200. Date Feb. 15 1913.
Int. F. & A. at the Village Treas. office. Due $200 yearly Feb. 15 from
1919 to 1925 incl. No deposit required.
BURLEY, Cassia C ounty, Id ah o.— BO N D S A L E .— A bid or $ 2 9
050 and bonds was received from J. R. Sutherlin & Co. of Kansas City,
M o., on Jan. 30 for the $29,000 6% 10-yr. sewer-iinpt. bonds offered on
that day (V. 96, p. 300), but this offer could not bo considered, we are ad
vised, as it did not conform to the notice of sale. Wo are also advised
that tho contractor agreed to take tho bonds at par.
CALIFORN IA.— BOND S A L E .— On Jan. 31 $400,000 4% highway
bonds wero awarded, $250,000 to tho Security Trust Sc Sav. Bank of Los
Angeles and $150,000 to the First Nat. Bank, of Los Angeles both at par
and int. Denom. $1,000. Date July 3 1911. Int. J. Sc J. Duo July 3
1922.
BOND O FF ER IN G . — We are advised that $400,000 bonds duo July 3
1923 and $400,000 bonds duo July 3 1924 will be offered for sale on Mch. 4.
CAMBRIDGE, Middlesex C ounty, Mass.— BOND S A L E . — On Feb. 4
ten Issues of 3 )3% and 4% bonds, aggregating $110,050, wero awarded to
Estabrook & Co. of Boston at 100.18. Denom. $1,000. Date Feb. 1 1913.
Int. F. Sc A, Due in 10, 20 and 30 yrs.
CAMDEN, Camden C ounty, N. J.— BOArD O FFER IN G . — Proposals
will be received until 8 p. m. Feb. 24 by J. A. Mather, Chairman Finance
Committeo, for $200,000 4 lA % coup, or reg. school bonds ( V . 95, p. 312).
Denom. $1,000. Date April 1 1913. Int. A. & O. Due April 1 1943.
Cert, check on a national bank for 2% of bonds bid for, payable to City
Treas., required. Bonds to be paid for on April 1 1913. Official circular
states that there is no controversy or litigation pending or threatened con
cerning the validity of the above bonds, tho corporate existence or boun
daries i f the municipality or the title of the present officers to their respec
tive offices, and the city of Camden has never defaulted in tho payment of
any of its obligations, or payment of interest when due.
CAPE MAY COUNTY, N. J .— BONDS A W A R D E D I N P A R T .— O l the
two Issues of 4 !3% 30-yr. road and bridge bonds, aggregating $83,000 (V.
96, p. 80), the $62,500 road bonds wero awarded on Feb. 3 to Ii. M . Grant
Sc Co. of Now York at 100.05. There were no other bids received.
CARSON, Pottawattam ie C ounty, Iow a.— BOND E L E C T IO N . —■
An olection will be held March 31 to vote on the question of issuing water
works bonds.
CASS COUNTY (P. O. H arrisonvillo), Mo.— BONDS OFFERED B Y
B A N K E R S .— Tho Miss. Valley Trust Co. of St. Louis is offering to in
vestors $56,000 4M % 5-20-year (opt.) Polk, Austin and Pleasant Hill
Twps. refunding bonds. Denom. $1,000. Date Jan. 1 1913. Int. ann.
in Jan. at tho Miss. Valley Trust Co.
CELINA, Mercer C ounty, O hio.— BOND O FFER IN G . — Proposals will
bo received until 10 a. m. March 4 by J. K. Carlin, Vil. Clerk, for $22,000
5% refunding bonds (V. 96, p. 300). Denom $500. Date Mar. 1 1913.
Int. ann. at Vil. Treas. office. Due $1,000 yrly. on Mar. 1 from 1923 to
1944 incl. Cash deposit of $500 required with bids. Bonds to bo delivered
and paid for within 10 days from time of award. Purchaser to pay accrued
interest. A complete transcript of proceedings will be furnished tho suc
cessful bidders. Bond blanks to be prepared and furnished by purchaser.
CHAGRIN FALLS, C uyahoga C ounty, O hio.— BOND O FFER IN G .—
Proposals will be received until 12 m. March 3 by II. B. Pugsley, Vil.
Clerk, for the following 5% coup. Maple St. impt. bonds:
$2,092 (Vil. portion) bonds. Auth. Sec. 3021, Gen. Codo of Ohio. Denom.
(1) $192 and (19) $100. Due $192 April 1 1914 and $100 each six
months from Oct. 1 1914 to Oct. 1 1923 incl.
5,791 (assess.) bonds. Auth. Sec. 3914 Gen. Codo of Ohio. Denom.
(1) $191 and (28) $200. Due $191 April 1 1914 and $200 each six
months from Oct. 1 1914 to April 1 1928 incl.
Int. A. & O. at Chagrin Falls Banking Co. Cert, check on a Cuyahoga
County bank for 5% of bonds bid for, payablo to Vil. Treas., required.
Bonds to bo delivered and paid for within 10 days from time of award.
Certified transcript of proceedings will bo furnished successful bidder.
Bids to bo mado on blank forms furnished by tho Clerk.
CHARLOTTE M ecklenburg C oun ty No. Caro.— BOND OFFER IN G .
— Proposals will bo received until 12 m. Feb. 14 by W. F. Stevens, Chair
man Einanco Committee, for the $50,000 4 >3% coupon street-impt. bonds
(V. 96, p. 222). Denom. $1,000. Date March 1 1913. Int. M . & S. at
N. Y . Due March 1 1943. Cert, check for 1% of bonds, payable to tho
“ City of Charlotte,” required.
CHATHAM, Colum bia C ounty, N. Y .— BOND O FFER IN G .— Atten
tion is called to the official advertisement elsewhero in this Department of
tho offering on Feb. 17 of $90,000 1543-yr. (ser.) water-plant-purchase
bonds at not exceeding 5% int. For details and terms of offering seo
V. 96, p. 375.
CHICOPEE, Hampden C ounty, Mass.— T E M P O R A R Y ^ O A N —
Tho Old Colony Trust Co. of Boston has been awarded a loan of $50,000
due N ov. 14 at 3.48% discount and 80 cents premium.
CLEVELAND SCHOOL DISTR IC T (P. O. Cleveland), O h io.—
BONDS N O T SOLD. — No sale was mado on Jan. 30 of tho $2,000,000 4%
30-year library bonds (V. 95, p. 1762), owing to pending litigation.
COCHISE COUNTY SCHOOL D ISTR IC T NO. 14. Ariz.— BOND
S A L E . — Tho Miners’ Sc Merchants’ Bank in Bisbeo has purchased at par and
int. $5,000 6% bonds. Denom. $500. Date Aug. 26 1912. Int. ann. in
Aug
Duo $500 yrly. in 1918, 1920, 1922, 1924, 1926, 1927, 1928, 1929,
1930 and 1931.
COLFAX COUNTY SCHOOL D ISTR IC T NO. 11 (P. O. R aton),
N. Mex .— BOND E L E C T IO N .— Local papers stato that tho question of
issuing $60,000 high-sch.-bldg, bonds will bo submitted to a voto on 1«eb. 11.
COLLINSVILLE, Rogers C ounty, Okla.— BO N DS V O T ED .— 'The
election held Jan. 28 resulted in a voto of 155 to 50 in favor of tour issues of
6% 25-yr. bonds aggregating $40,000 (V. 96, p. 222). These bonds have
The official notice of this bond offering will be found among the adver
already been purchased by Sutherlin Sc Co. of Kansas City, subject to tho
tisements elsewhere in this Department.
result of this election.l
F e b . 8 1 9 1 3 ']
THE CHRONICLE
HUNTINGTON P A RK UNION H IG H SCHOOL D IST R IC T , Los
A neele 3 C ounty, Cal.— B ID S .— 'Tho following bids were received on
Jan 27 for the $75,000 5% bldg, bonds (V . 96. p. 223):
N W Halsey & C o., San Fr.$76,552 Torranco, Marshall & C o.,
E H Rollins & Sons, San Fr. 76,5221 San Francisco .......... ...$ 75,1 75
‘it is stated that all tho above bids were taken under advisement.
INDIANAPOLIS, In d .— BO N D S A L E .— On Jan. 20 tho $75,000 4%
5-vear coup, fire-dept. and garbage-bldg, bonds (V. 95, p. 1763) were
awarded to tho Indiana Trust Co. of Indianapolis for $75,761 50, making
tho price 101.015. Other bids follow:
Miller & Co., Indianapolis$75,457 50 E. M . Campbell & Son Co.,
Indianapolis ___________ $75,313
J. F. Wild & Co., Ind___ 75,451 00
Fletchor-Am. Nat. 13k.,Ind75,444 00 Harris Tr. & Sav. Bank, Chi. 75,292
Moyer Kiser Bank, Ind____ 75,201
Breed, Elliott & Harrison,
I n d .._______ _________ 75,441 25
INTERLAKEN, Seneca C ounty, N. Y .— BOND O FFER IN G . — Proposals will bo received until 12 m. Feb. 10 by F L. Rappleye, Vil. Clerk,
for $9,500 bonds at not exceeding 5% int. Auth. Sec. 129 of the Vil. LawDenom. $500. Int. seml-ann. Duo $500 yrly. from Aug. 1 1913 to 1931
incl. Cert, check on a bank in New York Stato for 5% of bonds bid for,
payable to Vil. Treas., required.
JACKSON TOWNSHIP SCHOOL D ISTR IC T (P. O. Circleville
R. F. D. No. 6) Pickaway C oun ty O h io.— BO N D O FFER IN G .— Pronosals will be received until 12 m. Feb. 14 by J. S. Neff, Clerk Bd. of Ed.,
for $5,000 5% coup, refunding & impt. bonds. Denom. $500. Date
‘ ‘day of sale.1' Int. first installment Sept. 1 1913 and semi-ann. thereafter
at Third Nat. Bank, Circleville, O. Duo $500 yrly. on March 1 from
1914 to 1923 inch Cert, check or cash for 3% of bonds bid for, payable
to J. S. Neff, Clerk Bd. of Ed., required. Bonds to bo delivered and paid
for within 5 days from time of award.
JOHNSTOWN F u lton C oun ty N. Y .— BO N D O FFER IN G .— P roposals will bo received until 1 1 a .m . Fob. 24 by W . J. Eldridgo, City Cham
berlain, for $62,000 10-yr. (av.) sewer and $20,000 1-20-yr. (ser.) improve
ment 5% bonds, according to reports.
JOPLIN, Jasper C ounty, M o .— BO N D O FF ER IN G . Proposals wil 1
bo received until 12 m. Feb. 10 by J. A. Becker, City Treas., for tho follow$50 000 ^vfaduct (bondsC( V?95? p!S'l636). Cert, check for $500 required.
90 000 market square bonds. Authority voto of 1,847 to 161 at the elec
’ U tion Jan. 22 (V. 96. p. 151). Cert, check for $1,000 required.
Denom $500. Date Fob. 1 1913. Int. payablo in Joplin. Cert,
check for X500 required. Official circular states all principal and interest
on previous issues bavo been promptly paid and no litigation pending or
threatened concerning this issue.
KEOKUK SCHOOL DISTR IC T (P. O. K eokuk), Lee C ounty, la .—
BONDS D E F E A T E D . — An election held Jan. 31 resultod in tho defeat of
tho proposition to issue tho $50,000 school-bldg, bonds. The voto was
382 to 692.
KEWANEE, Henry C ounty, 111.— BOND S A L E . — On Jan. 25 tho $12,
000 5% gold. coup, cemetery bonds were awarded to the Kewaneo Stato
Sav. Bank & Trust Co. at 101.69. Tho sale of those securities to tho
N. W. Halsoy Co. of Chicago was not consummated (V. 96, p. 223).
KING COUNTY (P. O. Seattle) W ash.— B ID S R E JE C T E D .— All
tho bids received on Jan. 15 for tho $950,000 gold coup, court-house bonds
(V. 96, p. 301) have been rejected.
LAWRENCE, Essex C ounty, Mass.— L O A N O FF ER IN G . — Proposals
will be received until 11 a. m. Feb. 10 by W. A. IColleher, City Treas., for
a $200,000 temporary loan. Denom. (4) $25,000, (4) $15,000 and (4) $10,
000. Duo Oct. 8 1912. Notes are tax-exempt in Mass. Notas will bo
certified by tho Old Colony Trust Co. of Boston and tho legality has been
approved by Ropes, Gray & Gorham of Boston.
LIVINGSTON COUNTY (P. O. Geneseo), N. Y .— BO N D OFFER
I N G . — Proposals will be received until 12 m. Feb. 14 by E. B. Wilhelm,
Co. Treas., for $12,750 4 % % hlghway-lmpt. (county’s portion) bonds.
Denom. $6,400 and $6,350. Int. aun. at Co. Troas. office. Duo M ch. I
1917. Cert, check for $50 required.
LONG BEACH C ITY SCHOOL D ISTR IC T (P. O. L ong B each), Los
Angeles C ounty, Cal.— BONDS V OTED . — Tho proposition to Issue tho
$140,000 5% sito-purchaso and bldg, bonds (V. 95, p. 1561) carried by a
voto of-----1,822 to 487, it is stated, at tho election held Jan. 24.
LOUDONVILLE, Ashland C ounty, O hio. — BO N D S A L E .—-On Feb. 3
tho $12,000 5% 6%-yr. (av.) coup, water-works gnd electric-light-impt.
bonds (V. 96, p. 152) were awarded to Seasongood & Mayer of Cincinnati
at 101.40 and Int. Other bids follow:
Sldnoy Spitzor S c C o., Cleve.$12,163 First Nat. Bank, Cleveland.$12,040
Hayden, Miller S c C o., Clev. 12,160 Tlllotson & Wolcott Co.,Clev. 12,037
Weil, Roth S c C o.. C in cin ... 12,150 M . S. Pond, Somerset______12,001
Prov. Hav. 3 c Tr. C o., C le v .. 12,097 Spitzor, Rorick Sc C o., T ol..*12,000
W. E. Fox& Co., Cincinnati. 12,091 Now First Nat. Bk., Colum_xl2,000
* And blank bonds, * Loss $200 for oxponses.
LUDINGTON, Mason C ounty, M ich.— BOND S A L E .— On Fob. 3 tho
50,000
A % coupon city-lmpt. bonds (V. 96, p. 376) wero awarded to tho
tocurity 4Trust
Co. of Detroit at l0l.5O2 and int. Other bids follow:
Harris Trust & Savings Bank, Chicago_____________________
*$50,991 00
Otis & C o., Cleveland, and H. W. Noblo & C o., D etroit..
50,596 50
Bolger, Mosser Sc Willaman, C hicago-------------------------------.50,445 00
A. J. Hood & Co., Detroit........................................ ..................
50,207 00
Spitzor, Rorick Sc C o., Toledo-----------------------------------------x50,000 00
♦This bid appears to be higher than that of tho purchasers’ but is so given
by tho City Clerk. zAnd blank bonds and expenses.
LUNENBURG COUNTY (P. O. L un enbu rg), Va.— BO N D OFFER
IN G — Proposals will be received until 2 p. m. on March 1, it is reported,
bv W S Irby Cashier of the Bank of Lunenburg, for $20,000 6% 20-year
road bonds. D enom .$500. Int. J. Sc J. Cert, check for $500 required.
MARION, Marion C ounty, O hio.— BOND O FF ER IN G .— Proposals
will bo received until 12 m. Mch. 5 by tho City Aud for $34,744 5% streetimpt. (village’s portion) bonds. Denom. (1) $244 and (69)
Mch. 1 1913. Int. M . & S. Due $1,500 each six months from M ch. 1
1915 to Mch. 1 1926 inch and $244 Sept. 1 1926. Cert, check for $2,000,
payable to City Treas., required.
Proposals will also bo received at the same timo by the City Aud. for
$84,937 5% funding bonds. Denom. (168) $500. (1) $437. Date Mch 1
1913. Int. M. & S. at tho City Treas. office. Duo $5,000 each six months
from Sept. 1 1914 to Sept. 1 1918 incl., $4,000 each six months from March 1
1919 to March 1 1923 incl. and $437 Sept. 1 1923. Cert, check for $4.
500 required.
MARYLAND.— BOND S A L E .— On Feb. 3 tho $500,000 3 A % 10-15-yr.
(opt.) coup, tax-free series “ F” road bonds (V. 96, p. 152) wero awarded,
it is stated, $410,000 to Alexander Brown & Sons, Baltimore, at 92.44;
$30,000 to tho Second Nat. Bank, Cumberland, at 92.50 and $60,000
to Ilambleton & Co., Baltimore. $30,000 at 92.53 and $30,000 at 92.512.
Tho above bonds are being offered to investors by Alox. Brown & Sons
[seo advertisement on a preceding page.]
MINNEAPOLIS, M inn.— BO N D S A L E . — On Fob. 6 tho two issues of
4% bonds, aggregating $250,300 (V. 96, p. 223) were awarded to It. L.
Day & Co. of Boston at 96.098. .
MISSOURI.— S A L E OF C A P IT O L BON DS. — Bids wero opened on
j ftn -in for $3,215,000 3 A % Stato Capitol Building bonds, this being the
unsold portion of tho issue of $3,500,000 (V. 94, p. 1205). The offers
received were as follows:
Mississippi Valley Trust Co. o f St. Louis offered to dispose of $3,000,000
for a commission of 3111,000, upon condition that tho Supremo Court
approves tho stylo of contract.
Francis, Bro. & Co. of St. Louis offered to disposo of $3,000,000 for a
commission of $135,000, upon condition that tho Supremo Court approves
tho stylo of contract.
Smith, Mooro & Co. of St. Louis offered to disposo of $3,000,000 for a
commission of $227,300 (with conditions).
All tho above bids wero rejected. Tho Mississippi Valley Trust Co.
subsequently revised its bid and agreed to disposo or tho bonds for a com
mission of of $143,000 without condition anil this offer was accepted.
Authority to sell tho bonds on this basis is granted in a resolution
passed by the lower branch of tho Legislature on Feb. 3 and expected to
pass tho Senate on Feb. 4,
MONTGOMERY COUNTY (P. O. Chrlatiansburg), Va .— BO N DS
D E F E A T E D . — The election held Jan. 30 resulted .it Is stated, In tho defeat
o f tho question of issuing $10,000 jail-constr. bonds.
433
MOODY COUNTY (P. O. Flandreau), So. Dak. — BO N D OFFERIN G .
— Proposals will be received until 1 p. m. March 3 by L. E. Buck, Co. A ud.,
for $85,000 5% coupon court-house-constr. bonds voted Nov. 5 (V. 95,
p. 1347). Auth. Secs. 970 to 979 incl. Revised Political Code of S. Dak.
Denom. (50) $1,000 and (70) $500. Date March 3 1913. Int. M . & S.
Due March 3 1933. opt. after 5 years, or any multiple of 5 years. Cert,
check for 5% of bid, payablo to G. E. Pettigrew, Chairman Bd. of Co.
Commrs., required. ^.County^has no_debt at present. Assessed val.
1912 $5,878,514.
MOUNT VERNON, N. Y . — B O N D ^O FF ER IN G .— Further details are
at hand relative to the offering on Feb. 11 of the $25,000 4H % high-wayimpt. bonds (V. 96, p. 377). Proposals will bo received until 8 p. m. on
that day by the City Council. Peter Collins is City Clerk. Denom. $1.000.
Dato Feb. 1 1913. Int. F. & A. at tho City Treas. office. Due Feb. 1
1952. Cert, check for $1,000 is required. Bonds will be certified as to
their genuineness by tho U. S. Mtge. & Trust Co. of N. Y . and their le
gality approved by Caldwell, Masslich & Reed of N. Y.
BOND S A L E .-—-On Feb. 4 tbo following bids were received for the $15,000
4 A % 20-yr. highway repaving bonds (V. 96, p. 377):
Adams & C o., N. Y . . . . *$15,357 00 Farson, Son Sc C o., N. Y . $15,272 00
Yonkers Sav. Bk., Y onk. 15,349 50 Estabrook & C o., N. Y _ . 15,268 50
Harris, Forbes & C o., N .Y. 15,328 65 Ferris & White. N. Y ------ 15.264 00
Wm. R. Compton Co.,N.Y. 15,322 50 R. M . Grant Sc C o., N. Y . 15,261 00
Rhoades Sc C o., N. Y ------15.310 51
* It is said that this bid was successful.
Denom. $1,000. Date Feb. 1 1913. Int. seml-ann. at the City Treas.
office.
MUNFORDVILLE, Hart C ounty, K y .— BO N D S V O T ED .— An election
held Jan. 31 resulted in favor of tho proposition to Issue school bonds,
reports state.
MUSKOGEE, Muskogee C ounty, Okla.— BO N D O FFER IN G .— Chau.
Wheeler, City Clerk, will, until 10 a. m. Feb. 11,receive proposals for the
$150,000 5% park-site-purchase bonds voted Dec. 17 1912 (V. 96, p. 377).
Date Fob. 1 1913. Int. F. & A. Due Feb. 1 1938. Cert, check on a
bank in Muskogee for 2% of bid required. Delivery on or before Feb. 15.
Purchaser to pay accrued int. Proposals to be for entire issue, Council re
serving the right, however, to sell only $125,000 on any such bid and to re
tain the remaining $25,000 for future sale or disposal.
NEW BURYPORT, Essex C ounty, Mass.— T E M P O R A R Y L O A N .—
On Feb. 3 tho $40,000 loan due Apr. 3 (V. 96, p. 377) was negotiated with
F. S. Moseley Sc Co. of Boston.
NEW Y O R K C IT Y . — BO N D S A L E S I N J A N U A R Y .— During the
month of January the sinking fund purchased at par $500,000 3% corporate
stock for various municipal purposes and $11,000 3% assessment bonds.
Tho following short-term securities (revenue bonds, bills and corporate
stock notes) were also issued during tho month:
Amount.
Amount.
Revenue Bills 1913. Int.
Rev. Bonds 1913. Int.
$287,950 02
$1,500,000 Cur. expenses.*4 'At
Current expenses 5 H
191,961 64
200,000 Cur. expenses.*4 A
Current expenses 4.39
245,569 35
450.000 Cur. oxpenses.*4M«
Current expenses 4 ‘A»
15.000 Cur. expenses.*3%
245,765 84
Current expenses 4.82
575,534 27
1,050.000 Cur. expenses *4 H
Current expenses 4 %
600.000 Cur. expenses.*5
*3,973,774 10
Current expenses 4 A
1.000,000 Cur. expenses.*4 7A
*139,806 82
Current expenses 4.55
25.000 Cur. expenses.*4 H
*7,221,720 65
Current expenses 4 A
Cur.
4.000.
000 expenses.*4 %
*4,269,725 19
Current expenses 4
1.000. 000 Corporate stock notes—
Current expenses 3 A
988,837 32
1,000.000 W a te r ........._*5H
Current expenses 3 A
750.000 00
62.000 W a te r ______ 4 %
Special_________ 4 'A
100.000 00
350.000 W a te r ______ 4
Special_________ 4 A
3.000.000 00
800.000 W a te r ______ 3
Special_________ 3
5.100,000 00
Var. mun. pur. 3
T o t a l........................................................................................ $39,142,645 20
♦Rate of discount: figures In ‘ ‘Amount” column represent proceeds of
oan after deducting discount, x Payablo In £ sterling.
' NORTHAMPTON. Hampshire C ounty, Mass.— L O A N O FFERIN G.—
Proposals will be received until 12 m. Feb. 10 by the City Treasurer, it Is
stated, for a temporary loan of $80,000, duo Oct. 10.(1
NORTH B R ADDOCK (P. O. B raddock), A llegheny C ounty, Pa.—
BO N D S A L E .— On Feb. 4 tho $100,000 4 A % coup, or reg. tax-free
garbage-incinerator and site-purchase, railroad-crossing and street-lmpt.
bonds (V. 96, p. 224), were awarded, it is stated, to the Mellon Nat. Bank
of Pittsburgh. Denom. $1,000. Int. A. & O. at the Braddock Trust C o.,
Braddock.
NORTH OLMSTED SCHOOL D IST R IC T (P. O. N orth Olmsted),
C uyahoga C ounty, O hio. — BO N DS D E F E A T E D .— An election held
Fob. 3 resulted in the defeat of the proposition to issue $12,000 bldg, bonds.
Tho vote was 86 “ for” to 120 "against.”
«
NORW ALK TOWNSHIP (P. O. N orwalk), H u ron C ounty, O hio.—
BO N D O FF ER IN G .— Proposals will be received until 12 m. Mar. 15 by the
Bd. of Trustees, J. M . Bechtol, clerk, for $8,000 5% coup, publlc-way-impt.
bonds. Auth. Secs. 7033 to 7052, Incl., Gen. Code. Denom. $500. Date
Anril 1 1913. Int. A. & O. at Twp. Clerk’s office. Duo $500 yrly. on
April 1 from 1914 to 1924 Incl. and $500 on April 1 In 1926, 1928, 1930,
1932 and 1933. Cert, check on a bank other than the one making the bid,
for 5% of bonds bid for, payable to Twp. Clerk, required. Bonds to be
delivered and paid for within 10 days from time of award. Purchaser to
pay accrued int. Bonds are part of an issue of $20,000 voted April 4 1912.
NORW AY SCHOOL D ISTRICT (P. O. Norway), D ickinson County,
M ich.— BONDS V O T ED .— By a vote of 184 to 106 the question of issuing
$65,000 high-school-bldg. bonds carried, it is stated, at a recent e jection ^
OKLAHOMA.— BONDS N O T SOLD .— No bids were received on Feb. 1
for tho $3,000,000 4% coupon refunding bonds offered on that day. (V. 96,
P. 152.) _
OSWEGO, Oswego C ounty, N. Y .— BO N D S A L E .— On Feb. 5 the
$200,000 4 1 4 % 7-10-year (ser.) reg. sewer bonds (V. 96, p. 302) were
awarded to Bond & Goodwin of N. Y . at 101.93 and int. Other bids follow:
Farson, Son Sc Co., N. Y ___ 101.802 Ferris Sc White, N. Y ______101.331
Kissell. Kinnicutt&Co. ,N .Y . 101.753 N. W. Halsey & C o., N. Y . .101.329
Rhoades & C o., N. Y ______101.699 Curtis & Sanger, N. Y _____101.306
Blodget & Co., N. Y ...........101.68 A. B. Leach & Co., N. Y . . . 101.30
Clark, Dodge & C o., N. Y . . 101.68 Adams Sc Co., N. Y ________ 101.26
R. L. Day Sc Co., N. Y ........ 101.555 E. II. Rollins Sc Sons. N. Y . . 101.143
Estabrook & Co., N. Y -------101.426 W. N. Color Sc Co., N. Y . . . 100.80
C. H. Venner Sc C o., N. Y . . 101.413 Spitzor, Rorick Sc Co., N. Y . 100.63
Watson & Pressprich, N. Y . . 101.38
TT
_
Bids wero also received, too late for consideration, from Harris, Forbes
& Co. and R. M . Grant & Co. of N. Y. at 101.591 and 101.58 respectively.
PEMBERVILLE SCHOOL DISTR IC T (P. O. Pemberville), W ood
C ounty, O hio.— BOND O FFER IN G . — Proposals will be received until
12 m. Feb. 24 for the $16,000 5% high-school-constr. bonds voted Jan. 21
(V. 96, p. 302). Due Sept. 1926.
PHILADELPHIA. Pa .— L O A N O R D IN A N C E P A S S E D .— On Feb. 7
the Common Council passed an ordinance providing for the issuance of the
$7,000,000 4% loan voted last November and described in V. 95, p. 1764.
It is expected that the ordinance will bo concurred in by Select Council
on Feb. 20.
PHILADELPHIA SCHOOL DISTRICT, Pa.— BOND S A L E . — On
Feb. 3 the $2,000,000 4 % gold reg. tax-free loan (V. 96. p. 224) was awarded
we are advisbd. $1,950,000 to Harris, Forbes & Co. of N. Y ., $500,000 at
100 162 and $1,450,000 at 100.082 and tho remaining $50,000 to various
bidders at prices ranging from 100.125 to 101. Loan is duo $100,000 yearly
July 1 1923 to 1942 incl.
_______
PORTSMITH, Ark.— BO N D O FFER IN G . — Proposals will be received
until Fob. 20 by II. E. Kelley, Chairman of Bd. of Impt. Comm’rs, it is
stated, for $140,000 19-year (av.) water-works, $350,000 paving and
$40,000 13-year sewer 5% bonds. Cert, check for 2% required. ^
PRATTVILLE, A utau ga C oun ty, Ala.— BO N D S A L E . — O. N. Nalone
& Co. of Ashville were awarded on Jan. 15 the $10,000 6% 10-yr. gold coup,
or reg. funding tax-free bonds (V. 96, p. 152) at 100.25
RACINE, Racine C ounty, W is.— BO N DS R E -A W A R D E D . — Local
papers state that the $30,000 4 A % garbage-incineration bonds awarded
on Doc. 19 to tho First Nat. Bank of Racine (V. 95, p. 1764) have been
ro-awarded to Spltzer, Rorick Sc Co. of Toledo. Ohio.
434
THE CHRONICLE
[ V o l , X C V I.
RpCHEJJTER, N. Y .— n o t e S A L E .— On Fob. 5 the $385,500 (not
SOUTH BEND, St. Joseph C ounty, In d .— BO N D O FFERIN G —
$385,000 as first reported) 4 mos. revenue notes (V. 96, p. 377) were Proposals
will bo received until 11 a. m. Feb. 11 by P. A. Joyce, City
awarded, reports state, to Thomas J. Swanton of Rochester at 4)4% hit
Comp., for $40,000 goneral purpose and $40,000 water-works 4% 20-yoar
and $340 premium.
1 '0
bonds. Int. seml-ann. Cert, check for $1,000 required.
RUSBVILLE, R u sh C ounty, I n d .— BOND O FFER IN G .— Proposals
will be received until 10 a. m. Feb. 15 by Thos. S. Conley Cltv Clerk for
rHJ GH SCHOOL D IST R IC T , Los Angeles
$12,000 4 )4 % 6-16-yr. (serial) refunding bonds. Denom $500. 6a?S C ounty. Cal.— BOND SALE.— On Jan. 27 tho $70,000 5% 1-40-ycar (ser.)
Jan. 22 1913. Int annual. This item was inadvertently reported in bldg, bonds (V. 96, p. 224) wero awarded, it is stated, to N. IV. Halsey &
Co. of San Fran, at 102.17. Denom. $5 6 0 . Int. seml-annnual.
last week s Chronicle under the head of Rushville, “ O/iio.”
SALEM, M arion C ounty, O re.— BON D S A L E .— On Jan. 27 $64,240 72
SOUTH SAN JOAQUIN IR R IG A TIO N D ISTR IC T, San Joa qu in
67S m r?«t;^ nP «r]) or!c^ o Cr.0 a? arded
Ladd & Bush of Salem, $10,000 C oun ty, Cal. BO N DS V O T E D . —Tho election held Jan. 25 resulted in
at 101.76 and $54,240 72 at^ 101.54. Other bids follow:
lssu®|be W J70.000 distribution and $790,000
„
_ . , . „
Premium. .
Premium.
83S°rospectlvelyndS V ‘ 95’ p ‘
T h 0 voto was 492 to 24 and 432 to
Spltzer, Rorick & Co., Tol__$835 12 Security. Savings Bank &
Hanchett Bond Co., C h ic.. 569 00
Trust C o., Toledo________ $503 75
STATESBORO, B ullock C ounty, Ga.— BON D O F F E R IN G — Pro
Hoehler & Cummings, T o L . 507 00 Morris Bros., Portland_____ 359 74
posals wdl bo received until 12 m. March 10 by W . B. Johnson, Clerk o f
Denom. $500. Date Jan. 1 1913. Int. J. & J.
?o°Un? i’m q1’ S ? 1: 0 0 0 5y? s£ wer bonds. Donom. $500 and $1,000.
SAN
NCISCO, Cal.— BON D O FFER IN G .— Proposals will be Date Jan.
1 1913. Int. ann. in Statesboro. Cert, check for $1,000, pay
received until 3 p. m. March 3 by the Board of Supervisors, J. S. Dunnigan, able to W. B. Johnson, required.
y
following tax-free bonds.
C
£ ’n
3h •r~W ° ? •— TJ? 6 following bids wero received on Jan. 25
$400,000 5% sewer bonds dated July 1 1908 and comprising 10 bonds of ,
for
the
$125,000
paving
and
$35,000
bridge
bonds
awarded
to
the
Western
„ „ „ nnn
each year’s maturity from 1915 to 1954 incl.
oUU,UUU o% school bonds dated July 1 1908 and comprising 12 bonds of Sec. Corp. of Des Moines (V. 96, p. 378).
° ’ ,E i Dennison & c ° . , Clevo.— $125,000 paving 5% , prom. $1,451 &
one nnn ™
each year’s maturity from 1914 to 1938 incl.
300.000 5% hospital bonds dated July 1 1908 and comprising 15 bonds accr. int.; $35,000 bridge 5% , prem. $2,564 & accrfint.
Harris Trust1 & Sav. Bank, Chic.— $125,000 paving and $35,000 bridge
■tAA nnn
of (5ach years’ maturity from 1913 to 1932 incl.
144,900
5% garbage-system bonds dated July 1 1908 and comprising •}.%• P£6 m. $3,648 & accr. int.; $125,000 paving and $35,000 bridge 454%,
disc. $2,480 & accr. int.; $125,000 paving and $35,000 bridge 4 H %
-l ncn one r m 8, bo!ld?, ? f each years’ maturity from 1913 to 1930 incl.
3,960,000 5 % city hall bonds dated July 1 1912 and comprising 90 bonds prem. $496 and accr. int.
» Oommerco Tr. & Sav. Bank, Portland.— $125,000 paving 5% , disc.
AA A n
nn j , y ny S,f Fach year’s maturity from 1917 to 1960 incl.
144.000 4)4% Polytechnic high-school bonds dated Jan. 1 1910 and com 5 1 : 2 5 0 & accr. int.; $35,000 bridge 454%, disc. $875 & accr. int.
prising 6 bonds of each year’s maturity from 1914 to 1937 premium SO ofaS^accr.'lM ^*125’^
P‘ V,“ 8 “ “ *35’0I,,) m ils°
_
inclusive.
..D en om . $1,000. Int. J. & J. at City Treas. office or fiscal agency in
N . Y :C lty . Cert, chock (or cash) for 5% o f bid, payable to J. S. Dunnigan,
Bank & Tr. Co., Seattle, Wash.— $125,000 paving 5% , par
required, provided, that no deposit need exceed the sum of $10,000 and that & Northern
accr. int.; $35,000 bridge 5% , prem. $115 & accr. int.
P
no deposit need be given by the State o f California. The opinion of Dillon,
,
Soasongood
& Mayer and Weil, Roth & Co., Cincinnati.— $125,000 navThompson & Clay of N. Y. City stating that the issuo of 1908 and city-hall
bonds offered for sale aro in all respects legal will bo furnished to pur ing 5% , prem. $755 & accr. Int.; $35,000 bridge 5% , prom. $052 Sc accr. int.
It. M. Grant & Co., N. Y .— $125,000 paving and $35,000 bridge 5 % ,
chaser. Bids to be made on blank forms furnished by the city and must prem.
$5,143 75 & accr. int.
includo the payment of accrued interest.
Dexter Horton Nat. Bank, Seattle.— $125,000 paving, $35,000 bridge
* SANTA PAULA HIGH SCHOOL D ISTR IC T, V entura C ounty, Cal. 5% , prom. $3,424 & accr. int.
— BO N DS D E F E A T E D . — An election held Jan. 18 resulted in defeat of
National Bank of of Commerce, Tacoma.— $125,000 paving and $35,000
the proposition to issue $72,000 bonds.
bridge 5% , prom. $4,018 Sc accr. int.
L. N. Rosenbaum & Co., Seattle.— $125,000 paving 5% , prom. $1,250
SAN YSIDRO IR R IG A TIO N D ISTR IC T (P. O. San Y sidro), S an
Diego C oun ty, Cal.— BON D O FF E R IN G . — Proposals will bo received & accr. int.; $35,000 bridge 5% , par & accr. int.
Western Securities Corp. Dos M oines.— $125,000 paving 4 )4 % , prom.
until 10 a. m. Feb. 11 by tho Board o f Directors, it is reported, for tho
$25,000 electric-pumping-plant-installation bonds voted Dec. 12 1912 $1M & accr. int.: $35,000 bridge 4 )4 % , prem. $52 & accr. int.
, Lstabrook & Co., Boston.— $125,000 paving 5% , prom. $1,325 & accr.
(V. 96, p. 82.)
^S O M E R V ILLE , Mass. — L O A N O FFER IN G . — Proposals will be re int.; $35,000 bridge 5% , prem. $960 & accr. int.
Blodggt & Co., Boston.— $125,000 paving and $35,000 bridge 5 % ,
ceived until Fob. 10 by the Town Treasurer, it is stated, for a temporary prom.
$2,648 & accr. int.
loan of $150,000, duo N ov. 4.
anrtiQl'nnn1
! ! ? . * 8° ns and A . B L a i c h & Co., Chic.— $125,000 paving
IWJSOUTH AMBOY, Middlesex C ounty, N. J.— BO N D S A L E — On
a2d
promA *3,488 * accr- lnt-; $125,000 paving 5 % and
Fob. 4 the $10,000 5% sanitary-sewer-systom-constr. bonds (V. 96, p. 224) $3o,000
bridge
4 )4 % , prom. $1,653 & accr. int.
were awarded to R. M . Grant & Co. of N . Y . at 102.16 and int. Other
There was a delayed bid received which was as follows:
bids follow:
Bolger, Moser & Williman, Chic.— $125,000 paving and $35,000 bridge
Douglas FonwIck &Co. ,N .Y .$10 1751D. O. Chase, South Amboy.$10,000 5% , prom. $3,000 & accr. int.; $125,000 paving and $35,000 brid ge 4 )4 %
Date Feb. 1 1913. Interest February and August.
par Sc accr. int.
NEW LOANS.
$ 9 0 ,0 0 0
NEW LOANS
$109,000
$ 6 5 ,0 0 0
V illa g e o f C h a th a m ,N .Y . CITY OF HOBOKEN, N. J
WATER WORKS BONDS
SCHOOL BONDS
The Village o f Chatham, New York, offers for
salo an issue o f $90,000 o f convertible bonds of
said Village, dated January first, 1913, and pay
able in thirty equal annual installments, the first
of which shall be payable one year after date of
ssue; interest payable semi-annually on the first
day of July and January each year. Principal
and interest will be payable at State Bank. Chat
ham, New York.
The amount realized from tho salo o f tho bonds
will be used to purchase tho existing system o f
water works from the Chatham Water Works
Company.
The bonds must be sold at not less than par and
the rate o f interest cannot exceed five per cent
per annum and will be sold to the bidder who will
take tho whole or any part o f the said bonds at
the lowest rate o f interest as herein provided;
each bid must be accompanied by a certified
check of five per cent o f tho par value of the
amount bid for, payable to tho Villago o f Chat
ham, New York, for tho faithful performance
of tho bid.
The bonds to be delivered and paid for at the
State Bank, Chatham, New York, within ton
days after notice of the acceptance o f the bid.
Sealed proposals for said bonds will be received
until FEBRUARY 17TH, 1913, at 8:30 P. M ..
on blanks to bo furnished upon application o f a
biddor to Robert H. Smith, Villago Clerk, Chat
ham, Now York, at which time the bids will be
opened by tho Board of Trustees of tho Village of
Chatham, New York.
Tho right is reserved to reject any or all bids;
and also (unless otherwise expressly stated in the
bid) to allot any portion of the amount o f bonds
bid for.
The validity o f the bonds is being examined by
Messrs. Caldwell, Masslich Sc Reed o f New York
City, whoso opinion as to their legality will be
furnished to the purchaser.
Dated, Chatham, New York, January 25, 1913.
By order o f the Board of Trustees o f the Village
of Chatham, New York.
W ILLIAM B. DALEY, Village President.
ROBERT H . SM ITH , Village Clerk.
Public notice is hereby given in accordance
with a resolution o f tho Council of the City
of Hoboken, passed on the twenty-ninth day
of January, 1913, and duly approved on the
thirtieth day of January, 1913, that sealed
proposals for the purchase of bonds of tho City
of Hoboken, to bo known as “ School Bonds’ ,
in tho amount o f $109,000, to run for a period
o f thirty years from January 1, 1913, coupon or
registered, at the option of tho biddor, will bo
received at the meeting of the Council;,to be held on
F R I D A Y , F E B R U A R Y 14, 19 13
at 2 o'clock P. M .
Bidders to state prices on bonds bearing interest
at the rate of four and one-half per cent (4)4% )
per annum, payablo semi-annually on tho first
days of January and July in each year.
All proposals to be directed to tho Mayor and
Council of the City of Hobokon, N. J., endorsed
“ Proposals for School Bonds” , and shall be accom
panied by a certified check or cash for the sum
of $2,000.
Tho legality o f the issuo of tho aforesaid bonds
will bo passed on by Messrs. Hawkins, Delafield
& Longfellow and prepared and certified by tho
Columbia-Knlckerbocker Trust Company.
The Mayor and Council recervo the right to
reject any or all bids if deemed in tho interest
o f tho city so to do.
By order of the Council.
JAMES H. LONDRIGAN,
City Clerk.
Bolger, Mosser &
M U N IC IP A L
Sealed bids will be received by the Board of
Commissioners of Sanitary Sewer District No. 1
and Water and Light District No. 2, at tho office
of tho Wynne Stave Company, until 11 A. M .,
FEBRUARY 17TH, 1913, and then publicly
opened, for tho purchase of $32,000 Sanitary
Sower District No. 1 Bonds and $33,000 of Water
and Light District Number 2 Bonds, both of
which Issues will bear interest at the rate of 5)4
per cent per annum. Denominat on $500.
These Bonds will maturo annually for twenty
years. Population of City 3,000. Total amount
of other bonded Indebtedness $7,700. No ques
tions have been raised as to tho legality of tho
proceedings
establishing these Improvement
districts. Payments on other bond tssuos have
been promptly met. N o other Issue has over
been contested. Assessed valuation 1 9 1 2 on
property In districts was $440,000 and the actual
valuo is In excess of $1,000,000. Tho opinion
of Rose, Hemingway, Cantrell & Loughborough.
Attorneys, Little Rock, Ark., will bo furnished
the successful biddor. Certified check for $1,000
must accompany each bid, made payablo to
George Davis, Chairman of the Board of Com
missioners of each district.
GEO. E. DAVI8, Chairman.
ED. HAMILTON, Member.
C. B. BAILEY, Secretary.
Consulting Engineers,
R. C. HUSTON & COMPANY,
Exchange Bldg., Memphis, Tenn.
BONDS
BLODGET
Postal Savings and Trust Funds.
S E N D FO R L IS T .
39 South La Salle St.;
CHICAGO
HODENPYL, HARDY & CO.
14 W all S t.. Naw Y ork
Railway, Street Ry., Gas & Elec. Light
First lien on 6,159 acres o f land in Ballard
County, Kentucky, present value per acre $35 00.
Bonds begin to maturo 2 years from date of Issue,
S E C U R IT IE S
one-tenth annually thereafter; bear 6 per cent,
payable annually; will Issue In denominations to
suit purchaser. Sealed bids will be received by
G E O . B. E D W A R D S
the undersigned until Feb. 16th, 1913. Tho right
T rib u n e B uilding, NEW YORK, N. Y.
to reserve any and all bids.
R. D. NELSON,
FOR SALE.— Tim ber, Coal, Iron, R anch and
Board Drainage Commissioners,
other properties.
Ballard County.
N egotiations, Investigations, Settlem ents,
Wickllffe, Ky.
Purchase* or P roperty, Inform ation
&
CO.
BONDS
Legal for Savings Banks,
Ballard County, Kentucky,
IMPROVEMENT DISTRICT
BONDS FOR SALE
Willaman
$24,100
Land Drainage Bonds
W Y N N E , A R K A N SA S
60 S T A T E ST RE ET . BOSTON
30 P IN E ST RE ET . N E W Y O R K
STATE, CITY & RAILROAD BONDS
N A T IO N A L
L IG H T ,
HEAT A PO W ER C O M P A N Y
GUARANTEED
BONDS
... .
AH
A , H . B ick m o re & C o .,
BANKERS
19 Pima
straat,
Naw York
Fe b . 8 m 3
TOWN DISTR IC T SCHOOL D IST R IC T (P. O. B eckley), Raleigh
C ounty, W. Va — BO N D S A L E .— O n F e b . 5 th o $ 5 0 , 0 0 0 5 % 1 0 - 3 0 - y r .
h ig h -sch o o l b o n d s (V . 9 6 , p . 3 7 8 ) w ero a w a rd e d t o S easo n g o o d & M a y e r
o f G in . a t 1 0 0 .2 6 6 a n d in t .
TR O Y MILLS INDEPENDENT SCHOOL D ISTR IC T (P. O. Troy
Mills), Linn County, Iow a.— BO N D O FF ER IN G . — T h is d is tr i c t is
o ffe rin g fo r sa le a n issuo o f $ 5 ,0 0 0 5 % b ld g , b o n d s d u o in 1 0 o r 2 0 y e a rs .
W . F . S ta u ffe r is S e c re ta ry .
UMATILLA COUNTY SCHOOL D IST R IC T NO. 6, Ore.— BOND
O FFER IN G . — P ro p o s a ls w ill bo re c e iv e d u n ti l 1 2 m . F e b . 1 5 b y G . W .
B r a d le y , C o. 'P roas. (P . O . P e n d le to n ), fo r $ 5 ,0 0 0 c o u p . im p t. b o n d s .
D e n o m . $ 1 ,0 0 0 . D a to M a rc h 1 1 9 1 3 . I n t . M . & S . D u o 1 9 3 2 , o p t. in
1 0 y e a rs . C e r t, ch o c k fo r $ 2 0 0 , p a y a b le t o G . W . B ra d lo y , r e q u ir e d .
B o n d e d d e b t a t p r e s e n t, $ 1 5 , 0 0 0 . N o f lo a tin g d e b t . A ssess, v a l. $ 9 1 5 , 7 0 5 .
UNION TOWNSHIP. U nion C ounty, N. 3 .— BO N D O FFER IN G .—
P ro p o s a ls w ill bo re c e iv e d u n til F e b . 1 8 , i t is s t a t e d , b y A . P . M o r r is , C h a ir
m a n o f F in a n c e C o m m itte e (N o . 9 9 C h e s tn u t S t ., N e w a r k ), fo r th o $ 4 7 , 5 0 0
4 y i % c o u p , o r rc g . sch o o l b o n d s o ffe re d w ith o u t su ccess o n F e b . 4 (V . 9 6 ,
p . 3 7 8 ) . D e n o m . $ 5 0 0 . D u o in e q u a l in s ta llm e n ts in fro m 1 5 to 3 0 y e a rs .
URBANA, Champaign C ounty, 111.— BO N D S A L E . — O n J a n . 3 0 th e
F a r m e r s ’ S a v . & L o a n B a n k o f U r b a n a w as a w a rd e d a t p a r th e $ 5 ,0 0 0 5 %
firo -d o p t. b o n d s v o te d J a n . 4 (V . 9 6 , p . 1 5 3 ) . D e n o m . $ 5 0 0 . D a to
M a r c h 1 1 9 1 3 . I n t . a n n . in M a y . D u o $ 1 , 0 0 0 y e a rly M a y 1 1 9 1 4 to
1 9 1 8 in c lu s iv e .
V IRGIN IA, St. Louis C ounty, M inn. — BO N D O FFER IN G .— P r o
p o sa ls w ill b e rece iv ed u n til F e b . 2 5 b y A . E . B ic k fo rd , C ity C le rk , i t is
s ta t e d , fo r th o $ 4 5 0 , 0 0 0 5 % w a te r a n d lig h t b o n d s v o te d D e c . 1 7 (V . 9 5 ,
p . 1 7 6 5 ) . I n t . s e m i-a n n .
W AGONER COUNTY (P. O. W agoner), Okla.— BO N D S A L E .—
S . V . S p a n g le w as a w a rd e d th o $ 2 0 0 , 0 0 0 6 % 1 0 - y e a r c o u p . V erd ig ris
D ra in a g e D is t. N o . 1 b o n d s o ffe re d on O c t. 5 1 9 1 2 (V . 9 5 , p . 6 3 9 ) .
W A L L A W A L L A , W a l l a W a lla C ouhty, W a s h .— N O BONDS SOLD.—
W o a ro a d v is e d t h a t th o r e p o r ts s ta t in g t h a t $ 1 2 , 0 0 0 b o n d s h a d b e e n a w a rd e d
to C a u s e y , F o s te r & C o . o f D e n v e r (V . 9 6 , p . 3 7 9 ) a re e rro n e o u s . I h o
s e c u ritie s re fe rre d to a ro th o s o is s u e d b y I1re o w a to r, O r e ., th o s a le o f
w h ic h w as re p o r te d in V . 9 6 , p . 3 7 6 .
WALTON COUNTY (P. O. M onroe), Ga.— BO N D E L E C T IO N
PROPOSED.__A cco rd in g to re p o r ts th o p ro p o s itio n to issuo $ 5 0 , 0 0 0 r o a d
c o n s tr . b o n d s w ill p ro b a b ly bo s u b m itte d to th o p co p lo in th e n e a i f u tu r o .
W A S H O E C O U N T Y (P. O . R en o), Nev.— BONDS PROPOSED.—
T h is c o u n ty is c o n sid e rin g th o iss u a n c e o f ro a d b o n d s , ro p o rts s t a t e .
WATERTOWN SCHOOL DISTR IC T (P. O. W atertow n), C odin gton
C oun ty So. Dak.— BOND S A L E .— O n J a n . 3 1 $ 1 5 , 0 0 0 5 % 2 0 - y r . s ch o o lb ld g b o n d s w ero a w a rd e d to W ells & D ic k e y C o . o f M in n e a p o lis fo r $ 1 5 , 2 0 0 ,
m a k in g th e p ric e 1 0 1 .3 3 . O th e r b id s follow :
F E W . H a ls e y & 0 q o h l c a S 1 5 1 2 5 l W e il, B o th & C o ., C h ic _____ $ 1 5 , 0 0 5
B d .W h it e * C o ., S t . P a u l — a l 5 , 0 7 5 D a k o ta M u t . L ife C o ., W a te r . 1 5 ,0 0 0
Minn. Loan & T r . C o ., Minn. 1 ,5 ,0 1 0 |S t a t o S a v . Bank, S t. P a u l ___1 5 ,0 0 0
a a n d b la n k b o n d s .
D e n o m . $ 7 5 0 . D a t e A p ril 1 1 9 1 3 . I n t . A . & O .
TRU ST
LOANS
$ 4 0 0 ,0 0 0
C ITY,
MISSOURI,
IM P R O V E M E N T B O N D S ,
M aturing Septem ber 1, 1930
Soaled proposals will bo received by tho under
signed, the Mayor and tho City Comptroller
of Kansas City, Missouri, until
FEBRUARY 13, 1913, AT 10 o ’clock A. M „
for tho purchase of all or any partof thofollowingnanicd bonds of the City of Kansas City, Mis
souri, In tho following-named amounts:
Water Works Improvement
Bonds, Second Issue_____$200,000 00
Kansas City Sower B onds._ 200.000 00
Tho water-works improvement bonds bear
interest at tho rato o f four per cent per annum,
and the Kansas City sower bonds bear interest
at tho rato of four and one-half per cent per an
num. All of theso bonds aro of tho denomination
of $1,000 00 each, dated September 1, 1910, to
mature September 1, 1930. Interest payable
at the offico of the City Treasurer of Kansas City,
Missouri, or at tho Chase National Bank in tho
City and State of Now York, at tho option of tho
holder. Tho March and September, 1911, and
March and September, 1912, coupons, will bo
detached from said bonds beforo delivery and will
not bo sold.
,
,
No bid will bo received which is In whole or In
part less than par.
Tho legality of tho bonds will bo approved by
Messrs. Dillon, Thomson & Clay o f New York,
whoso opinion as to tho legality, or duplicate
thereof, will bo delivered to tho purchaser or
purchasers of said bonds.
Each bid must bo mado on a blank form fur
nished by tho City, and must bo accompanied by
a duly certified check on a National Bank doing
business in Kansas City, Missouri, payablo to tho
order of tho City Comptroller of Kansas City,
Missouri, for 2 per cent of tho par valuo of tho
bonds bid for. Tho right Is reserved to rojcct
any and all bids.
Delivery on tho bonds will bo made February 27,
1913, at 10 o'clock a. m ., at tho offico of tho City
Comptroller of Kansas City, Missouri. Bids will
bo received at tho office of tho Mayor of Kansas
City, Missouri, in tho City Hall in said City, but
no bid will bo entitled to consideration unless re
ceived by or beforo tho hour abovo set for re
ceiving bids.
. .. ,
Printed circulars containing moro definlto and
dotallcd information with reference to said bonds,
and blank forms for bids, can bo had on applica
tion to tho City Comptroller of Kansas City.
Missouri, or to Messrs. Dillon, Thomson & Clay
of Now York.
_
HENRY L. JOST,
Mayor of Kansas City, Missouri.
M . A. FLYNN, _
,
Comptroller of Kansas City, Missouri.
E S T A B L IS H E D
Flr*t Nat. Bank Bldg., Chicago
COUNTY
SCHOOL,
A N D M U N IC IP A L
L O N D O N C IT Y &
M I D L A N D B A N K L IM IT E D
■
1
BONDS
' ■ E s ta b lis h e d
1836 .
..........
■
HEAD OFFICE: 5 THREADNEEDLE ST., LONDON, E.C.
T e l e g r a p h ic A d d r e s s :
F o r e ig n
B ran ch
O ffic e :
8
“ CINNABAR, LONDON”
FIN C H
LANE,
LONDON,
E.C.
T elegraph ic A d d ress: “ CINNAFOREX, LONDON”
S u b s c rib e d
C a p ita l
-
-
-
P a id U p C a p ita l R eserve F u n d
D e p o s its
-
-
-
-
-
-
-
-
$ 9 5 ,7 4 1 ,7 0 0
1 9 ,9 4 6 ,1 8 7
1 6 ,9 5 1 ,5 6 3
4 0 0 ,0 0 0 ,0 0 0
T H E B A N K H A S O V E R 7 0 0 O F F I C E S IN T H E P R I N C I P A L
C IT IE S
AND
TOW NS
OF
ENGLAND
AND
V /A LE S
S IR
E D W A R D
H.
B a rt.,
H O L D E N ,
C h a irm a n
f
L.F.DOM
M
ERICH&CO.
NEW YORK
G e n e r a l O ffic e s , 2 5 4 F o u rth A v e n u e
F IN A N C E
ACCOUNTS
M ERCH ANTS,
CARRY
OF
M ANUFACTURERS
D IS C O U N T A N D
NO
GOODS
FOR
GUARANTEE
OW N
AND
SALES
ACCOUNT
E s t a b lis h e d o v e r 6 0 Y e a r s
TERRITO RY OF H A W A II
P U B L IC
D u e S ep t.
H. C. SPEER & SONS CO.
C O M P A N IE S .
T H E
4%
1880.
will be found among the advertise
YOUNG3TOW N SCHOOL D I3T R IC T (P. O. Y ou n g stow n ), Ma
h on in g C ounty, O hio.— BOND SALE.— On Feb. 3 tho $55,000 444%
coup. 3044-yr. bldg, bonds (V. 96, p. 226) wero awarded to Seasongood &
Mayer of Cincinnati for $56,427 (102.594) and int. Other bids follow:
Weil, Roth & Co., Cin...........$56,408 Breed, Elliott & liar.,Cin.$55,583 00
W . E. Fox & C o., Cin______ 56,243 A. E. Aub & C o., C in------ 55,565 00
Fifth-Third Nat. Bk., C in .. 56,012 Spitzer,Borick & Co., Tol. 55,326 00
Provident Sav. & T r .,C in __ 55,858 Tillotson & Wolcott C o.,
Mayer, Deppe & Walter, Cin. 55,698
Toledo________________ 55,027 91
Hayden, Miller & C o., Clove. 55,649 Sid. Spitzor & C o., T o l .. 55.000 00
WAYNE COUNTY (P. O. D etroit), M ich. — BO N D O FF E R IN G .—
KANSAS
WAUSEON, F u lton C ounty, O h io.— BOND SALE.— On Feb. 3 the
S5.313 29 444% coupon sower bonds (V. 96, p. 225) were awarded to Chas.
P. Grisicr of Wauseon for $5,324 29 (100.207) and int. Other bids follow:
Spitzer, Borick & C o., Toledo........................ par, loss $140 attorney's foes
Sidney Spitzer & C o., Toledo........................ par, less $142 attorney’s fees
WEST WINFIELD, Herkimer C ounty, N. Y .—BOND OFFERING.—
Proposals will be received until Feb. 15 for $33,000 water-works bonds.
Auth. vote of 64 to 35 at an election held Aug. 16 1912. Int. rate to be
named in bid. Due $1,100 yearly July 1 1914 to 1943 inclusive.
W HITESBORO SCHOOL D IST R IC T (P. O. W hitesboro), Oneida
C ounty, N. Y .—BONDS DEFEATED.— Tho election held Feb. 5 resulted
in the defeat of the proposition to Lssue $65,000 building bonds, reports
state.
W ICH ITA FALLS, W ich ita C oun ty, T ex.—BOND SALE—The $22,
000 street-impt., sewer-const., electric-light and incinerator-plant bonds
have been awarded, it is stated, to Cutter, M ay & Co. of Chicago at par
interest and expenses.
WILLIAMSON; W ayne C ounty, N. Y .—LOAN VOTED.—A favorable
vote was cast on Jan. 29, reports state, on a proposition to raise $2,500
for the purchase of a fire engine by the Fire District.
W INTHROP, B u ch a n an C ounty, Iow a.— BOND SALE.— The $5,000
5% coup, electric-light-plant constr. bonds (V. 95, p. 1700) have been
awarded to Kato Singer at par.
WOOD COUNTY COMMON SCHOOL DISTRICTS, Texas.— BONDS
REGISTERED.— On Jan. 29 the State Comptroller registered $1,000 10-20year (opt.) Dist. N o. 28 and $500 5-20-yr. (opt.) Dist. N o. 47 5% bonds.
W ORCESTER, W orcester C ounty, Mass —TEMPORARY LOAN.—
A temporary loan of $150,000, due Oct. 17, has been negotiated, reports
state, with Blake Bros. & Co. of Boston at 3.57% discount and 40cts. prem.
WYNNE, Cross C ounty, A rk.— BOND OFFERING.— Proposals will
bo received until 11 a. m. Fob. 17 by tho Bd. of Commissioners, O. B.
Bailey, Sec., for $32,000 Sanitary Sewer Dist. No. 1 and $33,000 Water
and Light Dist. N o. 2 544% bonds. Denom. $500. Due part yearly
for 20 years. Cert, check for $1,000, payable to Geo. Davis, Chair. Bd. of
Comm., is required. Tho opinion of Bose, Hemingway, Cantrell & Lough
borough of Little Rock will bo furnished to the purchaser. Official adver
tisement states that no question has been raised as to tho legality of the
proceedings establishing these impt. districts, and the payments on other
bond issues have been promptly met; also that no other issue has ever
been contested.
The official notice o f this bond offering
ments elsewhere in this Department.
P ro p o sa ls w ill bo re c e iv e d u n ti l 1 1 a . m . F o b . 1 1 b y th o B d . o f C o . A u d ito r s ,
W . G u tm a n , S e c ., fo r $ 5 0 0 , 0 0 0 4 % c o u p , ta x -fre e ro a d b o n d s . D e n o m .
$ 5 0 0 . D a to M c h . 1 1 9 1 3 . I n t . s e m i-a n n . a t th o C o . T ro a s . o ffic e . D u o
$ 1 0 0 , 0 0 0 y e a rly fro m 6 to 1 0 y e a rs in c l. A d e p o s it in c a sh o r a c e r t , ch o c k
o n a n y n a tio n a l b a n k o f th o U n ite d S ta t e s , fo r 3 % o f b o n d s b id fo r , r e q u ire d ^
NEW
435
THE CHRONICLE
]
IM P R O V E M E N T
3, 1942-32 @
102.75 and Interest.
T a x F r e e T h r o u g h o u t U n it e d S t a t e s
ic c e p te d
at
par
fo r
STACY
Toledo, 0 ,
G ov t,
&.
and
F. W M . K R A F T
BONDS
P osta l
D e p o s it*
BRAUN
Cincinnati, 0 .
LAW YE R.
Specializing in Examination of
M u n ic i p a l
1087-9
and
F IR S T
C o r p o r a tio n
N A T IO N A L
BAN K
C H IC A G O , I L L .
B onds
BLDO.I
436
T H E C H R O N IC L E
Canada, its Provinces and M unicipalities.
ASSINIBOIA (P. O. K irkfield Park), Man .— D E B E N T U R E ELEC
T IO N .— An election will be held to-day (Feb. 8) to vote on the proposition
to Issue $125,000 school debentures, it Is stated.
BOW ISLAND, A lta.— D E B E N T U R E S PROPOSED .— 'This place is
contemplating tho issuance of $40,000 gas-supply debentures, it is stated.
CA LG AR Y. A lta.— D E B E N T U R E E L E C T IO N PROPOSED .— The
of holding an election to vote on the issuance of $150,000 hospital
auestion
ebentures is being discussed, reports state.
COBURG, O n t.— D E B E N T U R E S D E F E A T E D .— A recent election
resulted in the defeat of the proposition to issue $7,000 debentures.
CUMBERLAND, N. S.— D E B E N T U R E S A L E .— An issue of $8,000 5%
20-yr. debentures has been awarded, it is reported, to F. B. McCurdy
& Co. of Halifax.
CUPAR, Sask.— D E B E N T U R E O FFER IN G .— Reports state that H. W .
Ford, Secy.-Treas., will receive bids for $3,000 improvement debentures.
HAMILTON, O n t.— D E B E N T U R E O FFER IN G .— Proposals will be
received until 10 a. m. Feb. 20 for $190,000 4 >4% park and fire-station
debentures
Authority vote of 13,761 to 7,465 at an election held Jan. 6.
Due April 1 1933.
KAMLOOPS, B. C .— D E B E N T U R E S A U T H O R IZ E D .— 'The issuance
reports state, or $15,000 street-improvement debentures has been author
ized.
~ ,^ £ ? ,I£ 2 SAA -Eura.1 M unicipality No. 350, Sask.— D E B E N T U R E
O FF ER IN G .— Proposals will be received until March 15 by A. M . Carllle,
Sec-rTreas.. for the $15,000 5 X % 20-Installment debentures (V. 95.
p. 1701).
MASSEY, O n t .— D E B E N T U R E O FF ER IN G .— Proposals will be resfdewaUc debentures7 D ' W ’ Cant,on- Town Clerk, for $5,200 6% 10-year
MILLBROOK. O nt.— D E B E N T U R E O FF ER IN G .— Proposals will be
received until Feb. 15 by W. S. Given, Clerk, it is stated, for $3,000 4%
20-yr. debentures.
MOUNT HOPE, R ural Mun. No. 279, Sask .— D E B E N T U R E OFFER , , G -— bids will be received, it is stated, by W . G. Wright, Secy-Treas.,
(P. O. Semans) for $8,000 improvement debentures.
NATIONAL P A R K PUBLIC SCHOOL D IST R IC T NO. 102 (P. O.
B an ff), A lta.— D E B E N T U R E O FF E R IN G .— Proposals will be received
until Feb. 20 by Win. Mather, Sec.-Treas., for $30,000 5% 20-installment
debentures.
NEW DURHAM, O n t.— D E B E N T U R E S A L E .— W o aro advised that the
$1,468 4
debentures offered on Jan. 30 (V. 95, p. 1767) have been
disposed o f locally.
[ V o l . XCVI.
POINT GREY, B. C.— D E B E N T U R E S A U T H O R IZ E D .— The issuance
of $150,000 road, $10,000 sidowalk, $5,000 park, $740,000 sewerage and
$200,000 water-impt. debentures, it is stated, has been authorized.
PRINCE ALBERT, Sa.sk.— D E B E N T U R E S PROPOSED.— It is stated
that this place is considering theiissuance of $400,000 power-plant deben
tures.
s - stisftl
ST. HYACINTHE, Que.— D E B E N T U R E O F F E R IN G — Proposals wilt
be received until 4 p. m. March 13 by A.'Messier, City Clerk, for $100,000
5% city debentures, according to reports. Interest semi-annual. U.t-W-i
SOURIS SCHOOL DISTRICT NO. 285 (P. O. Souris), Man.—
D E B E N T U R E S N O T SOLD. — No award was made on Jan. 28 of the $5,000
5% 20-yr. collegiate-bldg, debentures (V. 96, p. 227). Wo are advised
that these securities will probably not be re-offered until Juno.
_____
TORONTO , O n t.— N E W L O A N . — Subscriptions were received until
Jan. 31 by Lloyds Bank Ltd., London, for £1,075.000 4% coup. gen. con
sol. loan debentures at 92.10. It is announced that only 15% of the loan
was applied for. Denom. £100. Int. J. & J. Due July 1 1948
VANCOUVER, B. C. D E B E N T U R E S A L E . — We are advised that
«ir<no§
llav? purchased, subject to legal opinion,
$1, 093,625 90 4% coup, improvement debentures. Principal and interest
payable in New York. London and Montreal. Due in 10. 15 and 20 yrs.
It is stated that these debentures will not be offered in London.
*
WADENA, Saak.— D E B E N T U R E O FFER IN G . — Proposals will he recelved until 5 p. m. Feb. 20 by J. F. T . Saich, Sec-Treas for $15 000
40-installment electric-light and power-plant and $15,000 ^Installm ent
street-impt. 6% debentures.
W ALKERTON, O n t.— D E B E N T U R E E L E C T IO N .— A n " olcciioSTia
being contemplated, reports state, tovote on the proposition toissuokin non
bonus debentures.
* ’
WELLAND, O n t.— D E B E N T U R E S A U T H O R IZ E D .— This ’’"’place
according to reports, has authorized the Issuance or $5,500 water-works and
$4,250 improvement debentures.
; -j i ii(
WESTON. O nt.— D E B E N T U R E S PROPOSED.— This place is” con■iderlng the issuance of $15,000 school debentures, according to reports.
W INNIPEG, M an.— N E W L O A N . — Cables from London to tho “ n T Y .
Journal of Commerce” announce a new issue of £750,000 4H % Winnipeg
debentures at par.
W YNYARD SCHOOL DISTR IC T, Saak.— D E B E N T U R E S A L E .—
Brent, Noxen & Co. of T oron to have purchased, it is statod, $18,000 7%
30-yr. debentures.
. Y O ^K T O N , ^ ask-— D E B E N T U R E E L E C T IO N .— An election wUDoe
hold Feb. 14. reports state, to vote on the question of issuing $45,000
sewer debentures.
M IS C E L L A N E O U S .
IN V E S T M E N T S .
OFFICE OF THE
ATLANTIC MUTUAL INSURANCE COMPANY.
New York, January 22d, 1913
The Trustees, in con/ormity with the Charter of the Company, submit the following statement of ils affairs on the
3Dt of December, 1912.
The Company's business has been confined, to marine and inland transportation insurance.
Premiums on such risks from the 1st January, 1912, to the 31st December, 1912............................$4,069,457 68
Premiums on Policies not marked ofl 1st January, 1912................................................................... 753,427 33
Total Premiums____________ ____________________________ _______________ ______________ $4,822,884 99
Premiums marked off from January 1st, 1912, to December 31st, 1912_______________________ $4,055,834 05
Interest on the Investments of the Company received during the year___ $302,088 79
Interest on Deposits in Banks and Trust Companies, etc________
42,787 34
Rent received less Taxes and Expenses_____________________________ 130,987 28
■
475,863 41
Losses paid during the year........................................ ............................................... $2,104,257 48
Less Salvages........................................................$197,204 74
Re-Insurances---------------------------------------------- 644,016 02
Discount.._____ . . . . . . . . . . . . . . . . . . . . . . ______
195.79 741,416 55
$1^362,840 93
Returns of Premiums...................................................... ..............- ............ - - - - - - - Expenses, Including officers’ salaries and clerks’ compensation, stationery, advertisemeats, etc_- - - - - - - - - - - - - - - - - - - - - — - — - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TRUSTEES.
ASSETS.
BALANCE SHEET.
_
L IA B IL IT IE S .
^
„„ „„ Estimated Losses and Losses Unsettled
$670,000 00
In process of Adjustment............. .......52,174,058 00
_ Premiums on Unterminated Risks-------767,050 94
1,777,900 00 Certificates ol Profits and Interest Un262,924 05
paid........... .
...........
2,716,537 00
104,322 76
282,520 00 Return Premiums Unpaid....................
Reserve lor Taxes...................................
110,025 19
203,735 55
900,000 00 Re-insurance Premiums........................
Claims not Settled, Including Compen
sation, e tc .........................................
82.698 09
4,299,426 04
Certificates ol Profits Ordered Redeemed,
Withheld for Unpaid Premiums..........
22,556 09
75,000 00
592.766 69 Certificates of Profits Outstanding_____ 7,293,220 00
615,303 16
298,641 20
994,882 29
SEAS0NG00D & MAYER
I n g a lls B u ild in g
C IN C IN N A T I
C h a rle s M . S m ith & Co
CORPORATION AND
MUNICIPAL BONDS
F IB S T N A T IO N A L B A N K B U IL D IN G
C H IC A G O
AM ERICAN
M FG . CO;
MANILA, SISAL AND JUTK
C O R D A G E
S a le s O ffic e :
N o b le & W e s t S t s .,
B r o o k ly n
N. Y .
A d ria n H . M u lle r & Son,
a u c t io n e e r s
R e g u la r
W e e k ly
.
S a le s
or
S T O C K S and B O N D S
EVERY
W EDNESDAY
fifties. No. 99 WILLIAM STREET;
Corner Pine Street.
ACCOUNTANTS.
400,875 00
$11,020,59^67
$13,623,851 38
Thus leaving a balance ol........... .................................... .......... .................. . . . . . . . . . . . . . . ____ $2
Accrued Interest on Bonds on the 31st day ol December, 1912, amounted t o . . . ----------------------Rents due and accrued on the 31st day ol December, 1912, amounted t o ................................... ..
Re-insurance due or accrued, in companies authorized in New York, on the 3ist day of December.
1912, amounted t o . . ______ _____ _
__________________ ____ ________________
Unexpired re-lnsuranoe premiums on the 31st day of December. 1912. amounted to........................
Note: The Insurance Department has estimated the value of the Real Estate corner Wall and
William Streets and Exchange Place In excess of the Book Value given above, at.............
And the property at Staten Island In excess ol the Book Value, at— . . . ----- -— . . . . . ------The Market Value of Stocks, Bonds and other Securities on the 31st day ol December, 1912, ex
ceeded the Company's valuation by............................................................................................ 1
On the basis of these increased valuations the balance would be................................................... $5
B O N D S
. ’ *- LIST ON APPLICATION
5oo,2o5 21
HERBERT L. GRIGGS.
CHARLES M. PRATT,
ANSON W. HARD.
DALLAS B. PRATT,
THOMAS H. HUBBARD,
GEORGE W. QUINTARD,
LEWIS CASS LED YARD.
ANTON A. RAVEN,
CHARLES D. LEVERICH,
JOHN J. HIKER,
GEORGE H. MACY,
DOUGLAS ROBINSON,
NICHOLAS F. PALMER,
WILLIAM J. SCHIEFFELIN,
HENRY PARISH.
WILLIAM SLOANE,
ADOLF PAVENSTEDT,
LOUIS STERN,
JAMES H. POST.
WILLIAM A. STREET,
GEORGE E. TURNURE.
A. A. RAVEN, President.
CORNELIUS ELDERT, Vice-President.
WALTER WOOD PARSONS, 2d Vice-President.
CHARLES E. FAY, 3d Vice-President.
JOHN H. JONES STEWART, 4th Vice-President.
United States and State ot New York
Bonds ...............................................
New York City and New York Trust
Companies and Bank Stocks...............
Stocks and Bonds ot Railroads...............
Other Securities__ ______ __________
Special Deposits In Banks and Trust
Companies ........................................
Real Estate cor. Wall and William Streets
and Exchange Place, containing offices
Real Estate on Staten Island (held under
provisions of Chapter 481 .Laws of 1887)
Premium Notes-Bills Receivable....................................
Cash In hands of European Bankers to
pay losses under policies payable in
foreign countries__________ ____ __
Cash In Bank..........................................
Temporary Investments (payable Janu
ary 1913) ...........................................
.
$91,649 80
A dividend of Interest of Six per cent on the outstanding certificates of profits will be paid to the holders
thereof, or their legal representatives, on and after Tuesday the fourth of February next.
The outstanding certificates of the Issue of 1907 will be redeemed and paid to the holders thereof, or their
legal representatives, on and after Tuesday the fourth of February next, from which date all interest thereon
wQl cease The certificates to be produced at the time of payment and canceled.
A dividend of Forty per cent Is declared on the earned premiums of the Company for the year ending 31st
December, 1912, which are entitled to participate in dividend, lor which, upon application, certificates will be
Issued
sixth
May( next.
issued on
on and
ana after
ax e Tuesday
By ^ the o|
tbe of
Boar/
Q. STANTON FLOYD-JONES, Secretary.
JOHN N. BEACH,
ERNEST C. BLISS,
VERNON H. BROWN,
WALDRON P. BROWN;
JOHN CLAFLIN
RGE C. CLARK,
H VELAND
H. DODGE;
NELIUS ELDERT,
RICHARD H. EWART,
PHILIP A. 8. FRANKLIN,'
M U N IC IP A L A N D R A IL R O A D
PARK, P O T T E R & CO.
CER TIFIE D PUBLIC ACCOUNTANTS.
N ew Y o r k , C h ic a g o , C in c in n a ti a n d
L o n d o n , E n g la n d .
AUDITORS FOR FINANCIAL INSTITU, TIONS, INDUSTRIAL AND
l* £ ? ' M IN ING COMPANIES.
**
Investigations, Financial Statements,
Periodical Audits and Accounting
@FedFRASER