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. . . . finanrial Kf INCLUDING Bank and Quotation Section and City Section (semi-AimuaUy) Street Railway Section (^'^^arij^") State (Monthly) Railway and Industrial Section (Quarterly) Dana Company, in the office of Librarian of Confess, Washington, D. York, as second-class matter— William B. Dana Compant, Publishers, 1«% Pine St„ N. T. Entered according to Act of Congress, in the year 1905, by William B. A weekly newspaper VOL. entered at Post New Office, SATURDAY, JANUAEY 80. 14, NO. 2064 1905. iVee/c CUarings at ending January — 1905. C 1904 Inc. or Dec. 7. 1903. 1902. PUBLISHED WEEKLY. Terms of Subscription —Payable in Advance "WtK One Year :ror Six MonOis $10 00 6 00 13 00 7 50 :^uop«ftn Subeorlption (tncludlng postaKe) Bnropean Subscription Six Montfaa (including postage) Aanml Subscription in London (including postage) Six Hontiu Subscription in London (including postage) .._.. iJ2 148. £1 lis. — Subscri-ption includes following Sections Boston ProvidenceHartford I +27-5 -10-7 New Haven- 2316.513 Sprinerfleld 2,019,378 1,648,850 2.031,099 601.517 454,055 5.^,668 670,185 140,008,667 9.023,000 3.964,330 2,035.271 1,561,304 1,004,965 1,679,510 984,568 453,607 570,257 729,477 —81 148.963.622 8,351,400 8,725,920 2.142,702 1.840,688 1 821,295 1,804,747 1,181.683 598,681 551,290 435,670 201,834,099 162,015,046 +24-6 171.415.998 171,676,254 184 543,279 25,982.500 17,038,232 -0-9 -0-9 +27-7 +10-3 -7-0 +10-2 +41-5 175.093,316 25,780,400 16.476,561 10,737,956 7,699,743 7,037.422 4.392,300 8.231,206 3.630,414 1,944,865 2,083,733 866,400 883,511 679,573 797,400 687,572 461,572 354,743 497.606 443,813 344,753 347.126 230,817 218,916 290,087 104.187 173,657,861 22,402.550 14,962,908 14,736,031 7,468.329 6,006,666 3,776,700 2,508,308 3,029,584 1,763,608 1,790,060 1,095.811 601,200 647.473 609,821 649,105 623,440 377,732 334.883 442,824 383,474 299.786 878,213 190.000 231,601 205.942 145,694 266579,131 259,310.046 Worcester Portland Fall River Lowell New Bedford. Holyc^e Statk and Citt (semi-amnwlly) BAXKASDQroTATiON (monthly) BAaWATAHDiNBCSTBiAL (quarterly) Stbebx Bailway (3 Umes yearly) 178,478,895 8.055,000 4.493,939 Total New Engluid. 13-3 + +39-8 +293 +64-1 +210 -389 -l-Ol —6-2 150.60SJ«40 7,288.100 8,376.799 2,053.450 1.697.766 2,038.007 1,986,582 1,076,269 649.328 461,718 455,001 | Terms of Advertising —Per „ _ TraJUdMit^XDOttco: ver inch space (14 agate lines) Two Months (8 times) Three Montiis (13 times) ! Six Months (26 times) Twelve Months (52 times) S4 20 22 00 29 00 50 00 87 00 Flae Street, Comer Milwaukee Indianapolis ai95,350 Columbus 6,841,700 8.042,142 8.433.419 1,914,969 1,774.643 2,017 680 400.000 882,687 576,639 907.878 652,877 551,016 365,906 445,101 502.045 359,716 386.635 227,259 249,031 187,468 114,305 Peoria Bvansville Akron. SprinRfleld. of Pearl Street, N£W VORK. Box 958. Detroit Grand Rapids Dayton IiOKDON OFFICE—Edwards & Smith, 1 Drapers' Gardens, K. 0. tniililAm B. DJlNA COAIPANY, PubUsbers, iro«t Office Cleveland Toledo OHiaAaO OFFICE— Pliny Bartlett, 613 Monadnock Bloo^ • 182,919,096 26,739,400 31,764.774 11,374.187 8,118,627 Chica«:o Cincinnati Inch Space Ill YouuRstown Kalamazoo Lexlnerton Canton Rockford Springfield. CLEARING H0U8E RETURNS, O Bloominfrton Quincy Decatur The following table, made up by telegraph, etc., indicates that the total bank clearings of aU the clearing houses of the Jackson United States for the week ending to-day, Jan. 14, have Ann Arbor Total Mid. Western been $2,718,756,464, against $2,845,331,332 last week and San Francisco $2,227,662,882 the corresponding week last year. Los Angeles.... Mansfield Jacksonville ....^.... Cliaringa —ReVi^ns oy Teietrraplu Week Ending Janua/rv New York. 81,474,070,454 125,669,085 108,152,389 21,456.397 164.080,28a — 19-4 Kansas City +28-2 +6-0 Omaha 5 days. . $2,291,644,549 427,111,915 $1,840,811,185 386,871.697 +24-5 +10-4 Denver Des Moines for week.. *2,718,756,464 $2,227,662,883 +22-0 54,!i68,373 Orleans all cities, Iday all cities Tacoma Fargo Sioux Falls Total Pacific. Paul Joseph. Sioux City Topeka Davenport Wichita week covered by the above will be Colorado Springs given next Saturday. We cannot furnish them to-day, clear- SYemont ... ings being made up by the clearing houses at noon on Satur- Cedar Rapids Total other West'm day, and hence in the above the last day of the week has to St. Louis be in aU cases estimated, as we go to press Friday night. New Orleans full details for the We present below our usual detailed figures for the previous Louisville Houston week, covering the returns for the period ending with Satur- Galveston Richmond and the results for the corresponding Savannah Memphis week in 1904, 1903 and 1902 are also given. Contrasted with Atlanta the week of 1904 the total for the whole country shows a gain Nashville Norfolk of 17-9 per cent. Outside of New York the increase over 1904 Augusta day noon, Jan. is 4*8 7, Worth Birmingham Little Rock Fort per cent. Wetk ending January Clearings at— 1905, New York 1903. Lnc. or Dec. Knoxville Charleston 7. 1902. 1901, % . . Philadelphia PittsburKtu.. Baltimore... Buffalo WasliingLon. .Albany Rochester... Scrantou .... Syracuse .... 'WilminKton.. Wilkes Barre. 'Wbee.ina Blnsrhamton i I { 'Greensburg.. iChester }Erle .Franidin, Pa Total Middle 1,555,423 836 1,469,165.444 123,917,378 121,005,262 42,733.496 40,613.474 2D.468.8&4 ^6,578,337 7.154.608 6,511,533 5,116.756 5.246,928 4.090,910 4,431,368 4,765,715 3,383,585 2.056,440 2,400,000 1.774.501 1,633,719 1,184,74(5 1,282.422 978.065 1,150.969 778.044 659.541 553 600 435 807 475.328 681,419 285,466 +26-3 1,826,127,671 1,709,912.701 +2-4 125.005,812 114.517,533 4-5-2 —4-2 -f9-9 41,917.042 25,764.3)>1 7.9,54,324 —2-5 -7-7 +40-8 —14-3 +8-6 —7-6 -14-9 5,246,935 4.209.717 3,304,608 2 66«,6o0 1,675,249 1,151,058 +180 b.'S0.319 1,253,831 44,507,589 23,912,262 7,164,.S82 :;.441.285 4.538,501 2,607,091 1.547,755 1,761,152 1.071.735 904,704 943,187 427.900 363,193 314,547 +0-2 635.S00 ^:-5 610.693 -19-7 544.649 +12-8 -6-3 1,141,867 +14-2 8,078,915,936 1,687.486.683 +23 2 2,048,851,422 1,918,014,547 552,500 456 039 502,749 515,849 304.784 1,000,000 Macon New York. +216 + 14-8 +07 25.757,648 6,321,031 3,687,487 4.440,191 -I-1-9 2.862,301 2,081,632 2,105,233 560,136 621.506 320,781 25.080,243 4,523.062 2,956.610 3,985,740 2.727.186 1,519,121 1,216,119 644,813 466,602 305,105 01.728,006 48,284,590 20.420.442 13,421,250 7,715,840 6,726,406 0,019,848 4,431,317 2,287.698 4,372 64,130 .071 3,974 043 2.707 ,236 5W ,035 269 .259 59.220 446 238,043 109.544 3,90l,0'^8 2,392,494 2,226,542 1,100,961 13-2 + +17- 516..S92 +151 277.445 57,084,542 20.131,210 17.212,425 9,030,773 6,060,593 4.607.858 5,798,849 2,730,337 1.639.508 1,093,138 1,419,018 1.000,000 568,870 225,797 637,407 24,246,178 17.210,881 8.293,105 6,837 .; 5,074,501 5,129,493 2.753.186 72,055,688 76.574,982 62,446,676 23,639.899 12.171,696 7.361,752 5,870,000 6,000,091 4,115,332 6,316,563 3,842,153 3,754.728 1,629,489 1,748,763 2,424,971 1,051.680 1,069,584 61,021,49; 1,42.5,475 1,285,211 549,291 800,000 Outside -20-7 +9-3 -11-3 +1-8 +1-2 +9-1 -9-2 +32-3 1,272,2.59 all +2-4 -177 S1.628.S28 7,103,292 4.826,209 3,121,202 Jacksonville Total -40 1,263,1.39 31,999, 319 7,750,.620 Chattanooea Columbus, Ga Total Southern -1-8-1 278,683,691 301,6.:i0 +120 St. St. -62 -5-5 —14-0 —7-2 +32-8 —35-2 283,974,550 79? ,M2 Helena 8,728.629 7,439,869 4,835,400 3,244,696 3,634.956 2.325,417 1,911,936 1,519.640 617,000 816,893 000,635 886,914 792,729 694,871 334,859 501,656 493.005 320,445 336,869 225,687 -17-4 —dV4. -K-4 +1-9 2.624, 504 Minneapolis Seren cities, 5 days Other cities, 5 days Total Portland Spokane $1,634,869,167 805,943.018 StLouls All cities, +36-7 +12-0 +9-6 +4-1 +8-0 19,778,832 Baltimore Chicago Total P.Cent. #1.967.369,786 324.274,763 Boston The 1904. $1,078,652,158 112,085,086 98,650,120 20,617,327 151,874.662 48,463 857 24.526,007 Philadelphia. New 1906. 14. Seattle Salt Lake City- 10,308,35'" 225,000 149,330.613 t,845,a3l.332 — 27'5 -3-0 +3- -17-0 1,550 005 1.210,216 1,049,741 1,169,841 550 101 —139 -140 +3 4 288,9tKS -|-2<!0 204 496 20.901,708 14.576,460 7,517,117 6,571.946 5,047.566 4,746,917 2,017,766 1,626,831 1,469,294 1,317,300 759,192 970,278 218,411 611,440 +4-2 -5-9 66,121,697 66,740,771 .52,304,726 24.281,156 11,257,319 9,173,066 5,816,000 6,591,433 4,269,747 6,980,460 4.310.S04 3,752,965 1,720.705 1,882,754 2,356,61 1,587.350 1,335,465 1,449,596 1,302,184 1,053,000 1,151,809 841,543 +001 +8-9 -11-4 — 11-2 +13-0 -0-8 +kl -9-7 +23 -2-6 +81 1,529,701 1,768,774 1,224,383 849,982 468,560 9 3.ii48,868 +0-05 3.002.369 1,913.995 1,835,576 1,967,270 1,612.398 1,357,731 870,522 56,513.7TO 16,700,809 11,110,232 6,616,379 3.947,000 5.305,156 3,766,769 3,895,837 2,903,910 2,289,362 1,753,844 1,403,928 1,492,659 1,338,097 1,179,506 773,854 -19 8 + 1-0 —90 -3-6 -9-5 -10 —5-3 —7-1 +2-9 +40 —19 -1 9 18,238,824 11,627.027 7,059,814 0,128,000 5,326,786 4,869,127 4.813,339 —1-5 -47-9 883,000 810,000 —30-6 609.736 750,000 +51-2 499,962 416,85& Not Include d in to tal. -1-8 128,209,834 122,986,746 152,136.016 2,413,979,304 +17-9 2.732,906.088 2,582.219,858 989,907,496 944,813,800 +4-8 906,778,517 872,107,108 24,734.507 20,500,000 7.040,580 2,009,419 2,164,503 1,722,424 1,501,424 1,401,842 1,052 049 1,397,098 17,411.263 21,246,318 -H2-1 20,897,119 15.431,198 4,622,296 2,182,532 1.946,779 1,510,607 1,057,678 922,728 948,814 520,1,55 1,051,946 1,154,570 741.129 +23-7 +41-6 +12-5 +1-5 +0-01 +21-0 -29-8 22,914.000 21,000.000 5.739,314 2.133.772 2,453.914 1.543.133 1,163,834 1,042.075 1.679,626 912,303 536.745 64.044.001 65,308,780 +15-7 61,119,216 60,326,127 Canada— Montreal Toronto Winnipeg Hahfax Ottawa. Quebec Vancouver Hamilton St. John. London Victoria Total CanadA ,5,916.000 2,106,616 1,749.145 1 ,216.333 1,334,754 l,;i80,712 —35 +190 -4-6 946,389 THE CHRONICLE. 132 but without other material impediment. The trend of currency is now towards IsTew York, and hence the rickety makeshifts we have heretofore often used to meet tion, TRE FIJ^AWGIAL SITUATION. An market such as has lately perhaps a somewhat natural occurrence irregular stock vailed Is the long and rapid advances in values No ing the last five months. parent, but evidently less faith is shown with an unquestionable disposition to is let Earnings are is recently larger; leading confronts us, will probably safely carry the country's business through another not very different dilemma. ap- There felt. for ftivor- no sufficient reason at the present moment will such a manner or lead to action so radito materially depress business affairs. At the be conducted in industries cal as and game time, such fundamental subjects having connecall their allied trades; winter-wheat condition is believed tion with every nerve and fibre of our industrial to be more promising than it was a short time since; system, can not even be talked about by ConEuropean markets are spoken of very favorably, and re- gress with the purpose of modification without making cent advices with regard to the Far East look as if peace merchants and all classes of investors more or less cautious. That is a pretty satisfactory list Our readers are aware that we have often written could not be far off. of forces working for progress. against the proposal to give the Inter-State Commerce are active and is assuming that the consideration of these matters | and developing, notably now a contingency like to that which dur- go under slight good many so notwithstanding there are a able features. after in the situation discouragement in place of the confidence This pre- experienced general weakness [Vol. LX3X. iron steel Commission the authority to fix rates and think we have shown very clearly that its adoption would be not only that there would be no legislation of a disturbing char- an unwise precedure, but extremely harmful to all indusacter effected at the current short session. ISTow that the trial interests. On Thursday of this week Mr. Samuel holiday has passed and Congress has got into shape for Spencer, President of the Southern Railroad, spoke w®rk again, the President has called a conference with earnestly and with vigor before the House Committee the leaders of his party in the two Houses respecting on Inter-State and Foreign Commerce in opposition to matters needing in his view legislative action now or enlarging the powers of the Commission. This was the later. Last week rumors were published which sug- first direct and official representative of the railways to Before the usual holiday recess occurred, report had it j i gested that the subjects be discussed at to this confer- be heard by the Committee, Mr, Spencer being author- ence would be tariff modification and the Inter-State ized to voice the sentiments of the Xew York Central, Commission rate-making power, rumor Commerce gen the Erie, the St. Paul, the Northern Pacific and other erally adding that no legislation in those directions was railway companies. We shall have occasion to refer to likely until at an extra session or at the next regular this protest again. | Since session. the adjourned conference it is of- Besides this there is the money question, also not wholly announced that the President has concluded devoid of uncertainty; at least its future course is less ascall an extra session whether to be held in the sured than it was two or more months ago. to free and perspring or fall is not known— to consider the question sistent export of gold and a continuance at this centre of It is also stated that Mr. Eoose- cheap money do not, under the circumstances, indicate an of railroad rates. velt "would like to have the tariff' revised, but ho con- absolutely sound currency condition. Exports of gold aiders the tariff is an issue of infinitely less importance ought to give us dearer money, and thus check the outficially — A . ! ^ | than the rate question." He adds that "he will proba- ' bly submit the tariff matter to the extra session, but will leave action on tempt coercion." bill as to entirely to Congress it and The country awaits the rate-making power with no currency will not at- That flow of that metal. is not fully in it does not, is proof that our touch with commerce. Every one knows that paper currency has been increasing too rapidly, that it is not of a kind which retires when out of the President's anxiety. monetary centres. Under those circumstances the outside world everywhere Of course such a condition of Congressional legislation puts a higher value on gold than it does on our bank as the foregoing program foreshadows cannot be carried notes; Europe is consequently drawing our gold from There is though no panic us, or, as more accurately expressed, driving the better out without disturbing affairs. nor anything like one in prospect general business is currency out, and its place is being filled with the less little use, but a sort at our congests that ; The sound and until very recently increasing. influence ! valued paper. on business of the rate discussion cannot in any measure be estimated until the President's But duced and carefully studied. in bill Anomalous has been intro- some states of in- week in the gold most likely more or less conditions developed this export movement. These will would in restrict the outflow of gold, at least to Argentina. While, time become serious, especially when the government is as heretofore noted, the exports of gold bars to Europe as now running on a deficit and in the present state of are limited in volume to the current production of metal currency laws and Sub-Treasury action, a double and in this form at the New York Assay Office, which is less violent contraction, through gold exports and Sub-Treasury than $1,009,000 per week, inquiries by bankers at the accumulations, is possible though not at all probable. Sub-Treasury this week for American eagles for shipment dustrial affairs the continuation of gold exports ; The currency bill reported by the Banking and Currency Committee of the House and which has been under discus- coin sion in that body the current week, not was reported, would go far most glaring of the currency It ferred not pass to. we Or shall in case the if to passed in the shape correct some of the we have defects proposed bill re- does presumably get through anotiier season, as on previous similar occasions, under more or less fric- to Argentina disclosed that was deficient in supply, the much more than enough office. Eagles are said to denomination of gold this amount on hand being for the current needs of the be more desirable than other Argentina because circulated there. Should denominations of coin for shipment of the fact that eagles are freely to become necessary to ship gold coin to Europe probably double eagles would be preferred because of the smaller it Jan. THE CHRONICLE. 14, 1905.] 133 The feature of the statement of the I^ew York Assofrom abrasion while in transit. Still it is thought possible that eagles might also be desired by some Euro- ciated Banks last week was the wide discrepancy between pean importers if such coin could be obtained. The small the estimated and the actual change in cash reserve, loss supply of coins of this denomination in the Sub-Treasury is to the fact that due eagles were shipped to the former indicating an important gain while the latter about $10,000,000 of showed a net last fall Cuba, and thus far year this $3,000,000 have been sent to Argentina. $3,041,500 surplus loss and reserve statement of of $795,300. deposits Loans were expanded increased $5,119,500; the was reduced $2,075,175. The bank week should reflect, among other this movements, the shipment on Thursday of $862,819 in to hand. The gold bars to Paris and of $500,000 in gold coin to Arpresent week the "Iron Age" of this city has published gentina; also the transfer hither from San Francisco of its usual monthly statistics, and these show that in De- $650,000 gold. cember 1904 the output of pig-iron was close to the Our contemporary makes the product largest on record. Money on call, representing bankers' balances, loaned ISew evidence of the prosperity and and steel industry is constantly coming activity of the iron month 1,614,349 for that tons, not including the contri- at the Stock Exchange week at 2^ per cent and at an If per cent, with the average about 2^ per cent banks average of about 36,000 tons of pig metal per month. and trust companies loaned at 2 per cent as the miniThere have been only two other months when the mum. On Monday loans at the Exchange were at 2^ per make of iron has been larger, namely in May 1903, cent and at 2 per cent, with the bulk of the business at farnaces, which charcoal of the butions turn this out ; was 1,713,614 tons, and in June 1903, when 2^ per cent. On Tuesday and Wednesday transactions Ever since last July, when the were at 2^ per cent and at it was 1,673,228 tons. 2J per cent, with the majority product was only 1,106,297 tons, there has been a steady at 2J per cent. On Thursday loans were at 2| per cent increase month by month, the make in August having and at 2 per cent, with the bulk of the business at 2^ per been 1,167,672 tons; in September, 1,352,677 tons; in cent, and one institution loaned $10,000,000. On FriOctober, 1,450,401 tons; in l!^'oTember, 1,481,832 tons, day transactions were at 2^ per cent and at If per cent^ and now for December, as already stated, 1,614,349 tons. with the majority at 2^ per cent. One feature of the The December output is at the rate of about 19,500,000 week was an easier tone for time loans on good mixed when it tons a year. 'So such total has ever been reached in this having gregate (we mean for a full year) country, the largest the were produced. satisfactory however, feature, expanding production appears steadily free, ag- while the demand, except for long periods, was smalL twelve months ending Eates were 2f per cent for sixty to ninety days and 3'» altogether 18,720,100 tons of iron 3J per cent for four to six months. There was an im- been for June 30 1903, when The most Stock Exchange collateral, offerings of which were to is that this be going provement in the inquiry for commercial paper, but the supply was not increased, and quotations were 4'2)4^ per fully cent for sixty to ninety day endorsed bills receivable, concerning 4'2)4^ per cent for prime and 4^'S)5 per cent for good four furnace stocks are any guide, production continues to fell to six months' single names. short of actual consumptive requirements. It appears into consumption. In fact, if the statistics j that each month recently the stocks of the merchant fur- The Bank of England minimum rate of make iron only for their own mains unchanged at 3 per cent. The cable and December formed no ex- naces (the steel companies use) have been declining, We further in the Chicago re- reports dis- bills in London 2^'» Bankers attributed the firmness to the small counts of sixty to ninety day bank may go discount and say that the 2| per cent. The open market rate at Paris is 2^ per decrease for this last month was the most striking of the Ac cent and at Berlin and Frankfort it is 2f per cent. whole series of decreases. The result is that the aggregate cording to our special cable from London the Bank of of these stocks for January 1 1905 was only 337,626 tons, England gained £824,528 bullion during the week and! against 458, 794 tons December 1st, 529,033 tons Xovember Our corheld £31,914,060 at the close of the week. 1st, 555,447 tons October 1st, and 630,801 tons Septemrespondent further advises us that the gain was due to ber 1st. As indicatmg how enormous requirements are imports of £38,000 (of which £18,000 from Bucharest at present, the "Age" points out that the Carnegie and £20,000 from Australia), to exports of £400,000 Steel Co. (one of the constituent properties of the United (wholly to South America) and to receipts of £1,187,000 States Steel Corporation), which operates fifty furnet from the interior of Great Britain. naces, has forty-seven in blast and one other is about to blow in. Notwithstanding this the company is short The foreign exchange market was active and strong of pig-iron and has this week closed contracts for the purchase of 25,000 tons of ii'on for January delivery. early in the week and though the volume of business The only reserve capacity of the United States Steel was smaller after Wednesday the firm tone was mainception to the rule. Corporation, will be it says, is drawn upon, again in district, which tained. since the South Chicago plants are full operation. supply of commercial off'erings of those bills, against there being only moderate grain and provisions, while were chiefly deliveries on conThere was a reduction on Tuesday by the Imperial tracts. At the same time there was a good demand Bank of Germany of its official rate of discount from 5 for remittance for the settlement of mercantile and bankper cent, at which it stood since October 11, to 4 per ers' obligations. The low rates for money ruling in the cent; otherwise there was no change in official rates of Kew York market discouraged drawing, with the object discount by any of the European banks and unofficial or of increasing current supplies of exchange, for balances open market rates were easy at all centres. St. Peters- could be much more profitably employed abroad, and in burg and Berlin cables, dated Januaiy 12, announced some cases bankers transferred funds to their correspondthose against i that the Eussian loan was "promptly and fully subscribed." ents cotton for this purpose. There was no evidence of draw- THE CHRONICLE. 134 tags of bills against the export of gold to Paris, reim- [Vol. profit MOK., FBI.. Jan. and the drafts resulting from last Saturday's exports to Argentina were so promptly absorbed that they made no impression on the market. The continued shipments of bar gold to Paris and the pre-engagement of all the bars that can be manufactured at the Assay Office for the remainder of the month, were said to be due to preparations at Paris for a new Eussian loan or for that portion of the recently arranged loan which was allotted to Paris. As an inducement for shipments of gold hence to the French capital it was stated that the Bank of France had agreed to allow 2i per cent interest for the ten days while consignments were in transit. make a ^ DAILY POSTED RATES FOR FOREIGN KXCHANGE. 'bursement for such shipments being effected with cables; This allowance enabled the shippers to lxxx BrowB Brothen 485J^ 4 88 Bartne, 4^ 160 days ( Sight . « 60 days Magonn & Co. < Sight .. Bank British J 60 days No. America. Bank . ' Bigiit . 60 days Sight.. ( 60 days of Commerce. ( Sight .. Heldelbach. Ick- 5 60 days elheimer & Co. < Sight Laxard J 60 days Freres } Sight.. Merchants' Bk. 60 days of Canada. jSiBht.. of Montreal Canadian Banli 5 } . • The following to and from the 4 85H 4 88 4 6. Jan. 9. Tubs., Wed.. THtm., FBI-. Jan. 10. Jan. U. J a 'I. 12. Jan. Ik . ^ ^ T i« 6514 88 85« 88 8^ 88 8% 4S8 88 485J^ 4 88 88 i« i^ i^ 85}^ 88 85« 85}^ 88« : 851.< 88 86 88 88 8^ mi 68 88 88 88H '^ ii« 88 86 85>4 4 88 88 88 88 8^ 4 85Ji 85^ 85« 88 88 85>i 86 4 88 4 85J<J 88 88 488 86 86 88 88^ 88 i^ 86 88« 86 88Ji, 85}<; ' 88 movements of money by the New York banks. gives the week's interior larger Week ending Jan. on the transaction, as an arbitration operation, through the use of cables for reimbursement than if sight sterling had been so employed. It may be noted that an Cnrrenoy Gold Received by N. Y. Banks. IS, 1905. 1,421,000 $4,409,000 421,000 Gain. $8,071,000 Gain. 1.000,000 813,901,000 $4,830,000 Gain. $9,071,000 $12,480,000 , Total gold and legal tenders Net Interior Movement. Shipped bv T. Banks. If. engagement of $1,000,000 gold coia was tentatively made With the Sub-Treasury operations and gold exports early in the week by one of the large banks for shipment to Paris on Thursday, but the consignment was not forwarded the result is as follows. because this amount in eagles could not be procured. Into Out of Net Ohange in WMk endi/ng Jan. 13, 1905. Banks. Banks. Batik Holdings. The export of gold bars to Paris was $862,818 79 on Banks Interior movement as above $13,901,000 $4,830,000 Gain. $9,071,000 Thursday. One incident of the week was the shipment Sab-Troas. oper. and gold exports.. 24,221,000 29,021,000 Loss. 4,800,000 on Tuesday of $2,500,000 gold from San Francisco to Total gold and legal tenders ... $38,122,000 33,861,000 Gain. $4,271,000 'Japan, of which sum $1,000,000 was, as was stated last The following table indicates the amount of bullion in week, transferred hence to San Francisco. The apparent the principal European banks. urgency at Paris for gold as reflected in the maintenance January 12. !905. January 14, 1904. Bank of of 25 fr. 14c. for exchange at that point on London and Silver. Total. Gold. GoU. Silver. TotaL the above noted offer of the inducement of interest on £ £ £ £ consignments of gold in transit firom iiTew York, seem Bngland.... 81,914,060 31,914,060 81,388,418 81,388,418 108,391,926 48.803,357 150,197,288 93,651,640 43,991,889 137,643,42» to have impelled an advance on Monday of one farthing France Germany.. 86,311,000 12,104,000 48,415,000 32,722,000 11,497,000 44,219,00» in the price of bar gold and of American eagles in Lon102,313,000 6,318,000 108,631,000 86,050,000 Knssia7,318,000 93,868,009 43,141,000 12,282,000 60,423,000 46,323,000 11,821,000 58,144,000 Anst.-Hnn. don to 77s. lOd. per ounce for the former and to 76s. 5d. 14,903,000 19.906,000 34,809,000 14,560,000 19,044,000 88,604,000 Spain 22.869,000 3,227,800 25,596,800 21,896,000 8,310,000 25,206,00* for the latter. Gold received at the New York Custom Italy 5,779,600 6,253.400 12,033,000 4,532,100 6,466,500 10,998,600 Netherl'ds.. j^ouse during the week $26,233. 8,289,333 4,934,000 3,227,333 1,644,667 1,618,667 4,841.000 Nat. Belg.. Nominal quotations for sterling exchange are 4 85^® Tot. week... 371,411,919 105,541,224 476,953,143 384,360,391 105,057,056 439,407,447 Tot. prev... 370,972,847 106,987,540 477,960,387 329,829,541 104,851,908 434,681.44» 4 86 for sixty-day and 4 88^2)4 88 J for sight. The market was moderately active actual business for Saturday of (m. last week, but rates for PORT ARTHUR AND TEE FUTURE OF THE WAR. long and for cables were unchanged, compared with those on the previous day, these remaining at 4 85^4 8510 for the former and at 4 8770'2)4 8775 So far as can be judged by this week's action of for the latter; short was 5 points lower at 4 8730'2)4 8735. the markets, the fall of Port Arthur is not an immeOn Monday the tone was strong at an advance of 5 diately decisive turning point in the war. Since the I>oints for long to 4 8505®4 8515, of 20 points for short to news of the surrender was received Eussian bonds have 4 8750®4 8760 and of 20 points for cables to 4 8790® declined one or two points and Japanese bonds at 4 8795. On Tuesday the market was active, long rising London have advanced as much both, however, return6 points to 4 8ol0'2)4 8515, but short, after transactions ing afterward to their original level. The truth undoubt- — at the previous day's rates by the close to all the morning, fell 5 points 4 8745'2)4 8755; cables were 10 points On Wednesday lower at 4 8780'S)4 8790. strong in the tone to points to 4 8790'S)4 88. 8755®4 8760 there was a cline to the closing figures of the previous day; long lower. This made the quotations 4 long, 4 8750®4 8760 for 8515®4 8525 8785^4 8795 and 4 banks, 4 8485'a)4 85, short simple military achievement, but in its the light as a of the probable bearing on the subsequent history of the war. If, for instance, a general conviction had been at once expressed among was a prelude the public friends in Europe that the surrender to return of peace, there securities is of both belligerents no doubt that would have Ko such conclusions seem, advanced very rapidly. however, to have been arrived at on receipt of the Port ' Arthur news. In Eussia, so for. for that the markets judge the episode not Eussia's banking was Commercial on and documents for payment, 4 84J®4 85^. Cotton for paycotton for acceptance, 4 8485® iment, 4 84J'a4 84^ '4 85, and grain for payment, 4 85J®4 85J. The following shows daily posted rates for sterling exchange by some of the leading drawers. ; i de- unchanged, but cables were 5 points lower at 4 8785® 4 8790. The market was firm on Friday at an advance of 5 points for long and cables; short was 5 points is, claim by Eussia and her friends of 4 8750'2)4 8760 and cables 10 On Thursday, after an advance of 5 points for short to 4 cables. i was around, long advancing 5 points to 4 8510'S) 4 8520, short 5 points edly . far as can be judged by published patches, the result has been precisely the opposite. fall dis- The of Port Arthur has in fact called forth from practi- Eussian sources the assertion that no peace will be made or considered which will involve the humiliation incident on a withdrawal from the contest at the time of cally all a serious reverse. From numerous quarters come ac- counts of extensive plans on Eussia's part, lor further] TSl CHRONICLE. Jan. 14, 1905. From one prosecution of the war. source we are told good a 135 part of new the recruits go forEussia proposes to place 700,000 soldiers under ward, unwillingly, and that their movement will at least General Kuropatkin. From others come the announce- be passively obstructed by the provincial governments ment that $500,000,000 will be devoted to the construc- which have spoken out so plainly regarding their opinion! will that ' tion of a new Russian By way fleet. of preparation for With Japan a precisely opposite prevails. The argument that the contest of the war. state of squadron appears to things will rehave been recalled fi*om the Far East, and with its re- duce the Japanese to the point of physical exhaustion,' call, if the veiy plausible news to that efi'ect is well where they will no longer be able to provide the men gi'ounded, ends that somewhat ludicrous episode. In the required to carry on the contest, we have hitherto shown this last-mentioned event, the Baltic meantime the Japanese have reinforced the army before to be absurd. Supposing, what in fact has not as yet Mukden and are busily engaged in restoring the fortifica- occurred, a series of battles involving such loss of life as] tions of Port Arthur. Gettysburg and Spottsylvania, the population of Japan Under the circumstances, there are obviously two considerations which must govern future events the military — aspect of the situation and As stands to-day at 50,000,000, as against a 31,000,000 total] for both North and South combined at the outbreak of War. Not least among the facts to be considgards the military problem, the situation is extremely ered is the new strategic position occupied by Japanj curious. Japan has already accomplished all that it set The very fact that the Japanese army has achieved out to do, excepting only the imposing of its terms of already nearly everything that was contemplated in peace on Eussia. It has occupied Corea, driven the the campaign for the offensive merely means that here-^ Russian Army nearly back to Russian territory, and after the attacking party must, in the nature of it holds Port Arthur. its financial aspect. things, be Russia, with all that that involves in strategy' not in the least likely to be and loss of life. Advices fi'om Berlin and Paris have laid stress of late on the second theory, that the exhaustion which theyi looked for in Japan is financial not physical. Such supposition, in our judgment, has no other ground than the] high rate paid by the Japanese Government for its re-| cent foreign loans and the special pledge of Government revenue provided two steps which, taken by themselves,! suggested a national credit much inferior to that of RusOn the other hand, nothing has been more plain in sia. command of the seas, attacked successfully by land. were original purposes is at In short, so far as its concerned, there little is left for it to do. Under normal circumstances, the result of such a situation would almost necessarily be negotiation of some There are in history very few instances terms of peace. where so complete a series of military successes have not been followed by formal termination of the contest. American War the Civil present undisputed It holds and re- of the Revolution is The one noteworthy ex- — and there are instances, such as Russia's own the progress of the war than that Russia leans entirelyj against the invading Napoleon, and the resistance for her resources in further prosecution of the war on, ception, fight 1710 of Spain to the attempt in potentate upon we can But it. to in every such instance, so far as recall, resistance has been continued, by armies fighting on the soil of their own country, against an special mobile state, vader. No Eussia is have proved an impossible task or the in- such considerations exist in the present case. not, except by very forced construction of the situation, defending it territory, for own will be if it army soil ; it is itself on foreign advances again beyond to its rate that her needs lin interest. market Government any advance short-time of a In Russia has found to, hjt to the markets of Ber- and Amsterdam, where a long this aj apparently] could not be satisfactorily supplied $100,000,000 has been placed of loan at recently returning Therefore resort was had But precisely offering its a loan, the Paris bankers were' in the nature of money Paris. for the Russian m. money except reach and destroy which, in their the to inducements refusing vader from another State, and has been prolonged by high scattered armies, While Japan was impose a foreign France and Germany. terra loan of some week. as the attitude of the Paris bankers showed a compact and concentrated some traces of misgiving in regard to Russia's future credit, body defeated at every point, and merely occupying now so the exti'aordinary preparations made by the German a line of intrenchment beyond which, except for purposes banks for this very flotation have indicated that the borrowof capturing that army, the Japanese have no motive to ing was not welcome, and that unusual precautions were advance. required to place the market in a state where the loan could The puzzle of this situation is, what is to end it ? be negotiated safely. We greatly doubt if the German Clearly the Russian theory is that with suflScient rein- market would receive with enthusiasm another applicaforcements on the land and a newly -built navy on the tion' for a loan. As to the Paris market, prediction is sea, Russia will at some future date be able to move most difficult, because first, of the very large part which again and crush the Japanese. As to how long a time sentiment plays at that city in all Russian negotiations, will be consumed in such an undertaking no particulars and because, second, of the peculiarly strong position are provided. The new fleet could hardly be completed occupied by the Paris market in the world's finances: present position. Its Russian discussion of the But that continuance of Russian borrowings, on the be a tacit assumption that while scale suggested by its projected military plans, would at In inside of four years. matter there appears to is all some extent wear out the patience of the lending main inert. Yet nothing could be further from the bankers and modify their position as regards continuance probabilities. As we have frequently had occasion to of the war, seems to us indisputable. point out the Japanese are in a situation far more What effect the home disturbance of Russia will adapted to reinforce their armament on land than are the eventually have on the prosecution of the war is another Russians. How great will be the difficulties in the way very puzzling question. Of late no more is heard oi Russia is increasing its forces on the land Japan will re- which may mean that the agitaEnough has been tion has subsided, but more probably results from the The placing of M. Witte at make sure that suppression of the news. of the Russian ministry in enforcing the increased conscription it already leanied, is difiicult to however, say. to least to the Zemstvo agitation, THE CHRONICLE. 136 head of the Interior Department and in virtual direcition of imperial affairs was undoubtedly farsighted and 'intelligent, but it calls to mind the fact that M. Witte was himself the most urgent opponent of the war, and ittiat if once the element of Eussian pride and patriotism '«onld be satisfactorily dealt with he would probably be !fce tihe first to ] drawn that the closed shop is a necessary measure of self-protection to the laborer. The obvious answer to this far from conclusive argument came from Mr. Hibbard when he asserted that the closed shop, looked at from the standpoint of self-protection to the conclusion was war measure. Such of a peace programme for laborer, could be justified only as a a urge a return of peace. [Vol. lxxx. demand could form no part the settlement of labor differences. TffU OPEJSI AND One of the sessions of But THE CLOSED SHOP. the the point which seems to have escaped the atten- tion of the economists, American Economic Asso- industry the country and it is this over, is that which has alarmed advocates of this the was deroted to selfish policy blindly refuse to recognize the effect which the discussion of the merits of the open and the closed such a scheme always has upon industry itself and shop, in which papers were read by Professor Commons eventually of course upon the interests of the laborers. of the University of Wisconsin, John Graham Brooks, It is the universal experience of employers that the John Hibbard of the John Davis Company of Chicago monopolization of an industry by the members of a •and Thomas Kidd, General Secretary of the Amalga- union results in leveling labor down to that of the least ciation meeting held recently in Chicago Most of the papers and the mated Woodworkers. dis- cussion which followed developed a strong sentiment in favor of the closed shop. In member. centive to Individual initiative 'arose at the conclusion of the discussion and begged that some one would take the floor in favor of the other side. The trend the end is reduced and the employer loses must be the direct opposite The of that result in which the laborers intended by the enforcement of the closed shop of thought policy. of our present day economic writers would lead us to One one accepted the invitation. destroyed; in- vigorous and efficient labor disappears; the pronounced was output of the plant fact, so is one of the advocates of the closed shop his power of competition in the market. jthis attitude that No efficient of the most serious objections to the scheme liea [have expected that they would advocate the interference in the fact that such an agreement compels the employer relations of employer and to act as an agent for recruiting the membership of the in the !«f Government 'employee, through some form of arbitration as a solution trade union. laborer's only hope of employment A of the troublesome labor problem. This would have been comes through trade union membership. He must be a advocacy of more stringent powers union man whether or no. The employer drives him into the Inter-State Commerce Commission, more vigor- the organization against his will. Here lies the real mo- harmony with sin ifor their jous Federal control of corporations and the like. But we tive of labor for the advocacy of the closed shop. Under fwere hardly prepared for so sudden and complete a sur- the guise of self-protection the trade-union proposes to One economist besought his use the closed shop as a weapon for unionizing all labor, Ixender to the union policy. brethren to take warning from the example of the Eng- and the employer is to be his tool. Jlish economists of the early nineteenth century with 'their mistaken opposition to factory legislation Joint conferences of employers and employees are and trades admirable and should be resorted to whenever possible, [unions and not over-confidently throw their weight but all labor should be represented whether unionized or [against the closed shop, lest they live to heap the ashes not. We do not believe that the American people are The warning was appar- yet ready to endorse a policy under which a close organijof humiliation on their heads. If this discussion is any indication zation of laborers shall be permitted to determine absoently little needed. rof the attitude of economists, these scholars are only too lutely Ixeady to leave the seclusion of their closets, where argu- shall be done. [ments are supposed shall work and under what conditions the work be weighed carefully, and ally to fihemselves with the cause which arouses their sympai who tbies. was shown Little real appreciation in the discussion of the broad underlying principles of the problem. It iwas contended, for example, that the maintenance of an CLEARINGS AND SPECULATION IN The course of bank clearings during 1904 1904. finds its ex- planation both in the state of feeling at the financial volume and condition of mercantile trade. open shop is only possible when organized labor is In 1904 financial and industrial conditions alike very con;inatched by a strong and well-disposed organization of siderably improved, whereas in 1903 the tendency was employers; when the same scale of wages prevails for just the other way. Naturally, therefore, an enlargement unionist as for non-unionist, and when joint conferences of the volume of bank exchanges has followed as one of r»re provided to which all unsettled complaints may be the attendant phenomena. Moreover, as Stock Exchange ^ferred. This is but another way of saying that if the transactions nearly always play a commanding if not an centres and the I ; employer does not wish to accept the terms offered by method of dealing with them, the matter of wages paid, they will insist that he overshadowing part iu the results, his employees, both in the feature of the clearings record of and in employ only displayed at their labor those whom they liave chosen to admit into organizations. In other words, Iployer does not establish a closed shop if the em- in fact, they will Stated New 1904 is distinguishing the large gains York, briefly, the tre for the the aggregate of clearings at this cen> twelve months of 1904 was 08,049 million 05,970 million dollars in 1903, While dollars, against upon him a closed shop in name. in amount the gain seems large, in ratio it is really quite Isolated cases were cited in which good living wages moderate, being only a little over four per cent. This apwith eight hours and improved conditions prevail in the pears all the more true when it is recalled that in 1903 force elosed shop, while outside the union there rages a compe- there had been a loss of fully 10,358 million dollars, or by the industrially weak, including over ]3i per cent. However, it is important to bear in 'foreigners and children; and from these instances the mind that during the first half of 1904, and in fact jtition participated in . .. . Jan. THE CHRONICLE. 14, 1905.] im months of the year, Eailroad and other corporations found it next to imposStock Exchange speculation was on a greatly diminished sible to float loans, and even municipalities for a time It is true that most of the dealings in stocks on could not dispose of new bond offerings on advantageous scale. But all this time trade and industry continued the Exchange are cleared through the Stock Exchange terms. Clearing House, and hence that such dealings do not under such a momentum that is, there was such an acdirectly enter into the volume of bank exchanges, yet cumulation of unfilled orders given when all the indi indirectly Stock Exchange husiness does affect, and cations seemed to point to a continuance of prosperity affect very powerfully, the course and volume of bank that the volume of business remained large almost to the exchanges, as we have so many times pointed out in close of 1903. The fact therefore that stock sales durIn the early months of 1904, however, the setback to these columns. ing the first eight months of 1904 were relatively small general trade having become more pronounced, diminishmnst be given due consideration. We famish herewith ing clearings were the inevitable outcome. The falling off< 2 record of the share sales for each month of the last two continued even while confidence was being restored in financial circles. There were also many special circumyears. during the whole of the first eight — | | SAIJia OS STOOKS AT stances to accentuate the depression in trade during this NBW TOBS STOOK BXOHANOB. The weather during the whole of the first five months of the year was of exceptional severity. The Masters' & Pilots' strike came at a tim® when its effects on Lake transportation were particularly^ The depression in the iron and steel industry; severe. portion of the year. 190S. 1004. Stonth. FaiuM. Number of Bbaret. Jan reb.. Marcb ' litqr. iajM8,6S4 1,150,581,976 8,787.26 798.179,960 1- 11,44O,9£0 1,0S3,978,B5C ;8 Actual. Par, Actual. i 066.948,926 16,001.832 l,515,se4,96( l.S04,66a214 500,002.41C' 10,922.017 l,046,E47,22j; 836,098,760 664,003,461 1S,0KS,80>' 1,424,484,100 1,182,487,604 may be have extended through practically th© whole of the first eight months of the year that is,; aS05.620 Ma7.. 5 290.110 4,972,804 T7S,«67,2B& 500.722.000 466,865.700 Sdqr. 18,468.441 l,788,734,9e0 4!39,3P0,481 12,303.06!- l,150,6^,10C 900,041,217 2S7,P64,81C 12,467,5bt 1.168.307.900 901.487,684 said to — 490.88e 3.00«.740,876 1,820.959,800 42,018.6i£ 3,986,698.576 8,172,154,677 April.. Jtme.. Par. Valueu Number of Shares recovery 2Z0,00O,0O^ I5.89e,7<ll l,400,639,18t 1,169,633.606 came only with the cut in prices made in Septem-; There were other disturbing influences ber. in the building trades, the strike at the 977,865,8e(^ «0,167,88; 8,717,582,125 3,971,062^139 —the troubleai meat packing] i Omoa. 7,708,178,700 608,536,83^ 14,003.768 1,379,437,800 1,018,941,179 668.916.561 14,370.948 1,851,658,600 1,006,411,409 1?,'; 67,264 1,712,943,600 1.102,487,94<- 10.795.45^ 1,008,688,226 709.864,218 at B«pt... factors one by one disappeared 94,a83.72<'' I>eo.. was still but the Fall Eivet; all in progress at the end of the! year. 721,047,608 In the meantime confidence in the financial world was reviving in a most notable way. The railroads n^ 166,609.978 840,001,400 28,093,821 8,633.348,000 1,089,977,03", 15,223.143 1,437,737,650 Gradually these various unsettling; Eiver. trouble which 8,666,801.076 5,253,aa6,2C8 12224808^ 11.443028325 S.877.433.922 Oct... 32.674,449 8,046.463,276 8.100.407.681 13,698,898 1,208,370,660 Not... 81,931,066 3.048.035,200 3.717.601,49^ 10.730,978 949.133,876 Fall — 8d qr 48,701,447 a,981. 326.850 2,454,970,14b 40.070,154 S,73»,749,6ii 2.734.216,80e moB. ' establishments and the walk-out of the cotton operatives] 6443.317416 July.... 12.482,89^ 1,187.679,700 13,474,789 1,070,701.0150 nsnst } 0,969,283 4.746,476.826 2.7i8,8l8,10J 82,175,98 ttliqr. 92,a4y,336 3,726,836,475 8,608,167,146 38,856.016 3,585,239,676 2,126,849.079 new obligationai^ month by month enormous amounts of new issues wer« found longer Tear. 187812065 17,393a37£60 13.C014S238b 161102101 16.0331«£000 11.004083C01 ! Thus notwithstanding a decided increase in September, put the sales for the nine months to September 30, 1904 were for it In the out. to difficult latter float half of 1904 a great speculatiouj j the ! only 94^ million shares against 122^ million shares in the nine months of 1903. The market value of the transac- rise was on the Stock Exchange,^ in progress Then, with the assurance of large crops, business affairs everywhere felt the quickening influence and the volxmi© was 5253 millions against 8877 million dollars. ot trade again increased. Thus it happened that such,' On the other hand in the last three months almost as records as 17 per cent increase in November and 13 pe» much business was done as in the whole of the first nine cent increase in December in the clearings outside oiS months, 92,648,336 shares having been dealt in against of New York, and 53 per cent and 37 per cent increase* only 38,856,015 shares in October, November and Decem- respectively in the same two months with New York ia-j ber of 1903. The market value of the share sales for the eluded, were established. tions was actually very much larger than for the nine months, it being 6808 millions compared with 2126 million dollars in the three months of 1903. The monthly record of bank clearings differs from the record of stock transactions only in showing recovery one month sooner, that is, in August instead of in September. In the whole of the first seven months there three months were losses in clearings though for varying amounts; in months and more especially in the last three months, there were striking gains. The bulk of early the losses came from the falling off at ISTew York, but it is worth noting that even outside of ISew York there were losses in clearings in all but two of the first seven months. In the preceding year the outside clearings had continued to show moderate increases in face of the last four MONTHLY OI.EABINGS. J Oiearingt Cltarinoi, Total All. OutKde New Yoris. ---i MontM. 1904. lOOS. p.a. -14 1904. 1903. $ % 3,903,861,66^ -89 3,284,084 786 3,227,486,468 -13 6 3.5;'cJ,10S.31' 3.678,067,74-: 0.436.474 004 11,088,983,021 7,713,689.788 8.468,707,404 8.383,106,307 9,58a,878,07t qsv. 85,688.470,0^0 29,180.06r,£6! -124 10.608,186.988 -13-S 8.618,£45 SSv \urlL 8.300,188,024 9.581,868,82'. May 8.215,017,262 0,118,834,823 lone. 8,068.422,30=. 9,422,181,905: i 8,744.947,885 ronnarr. fabruary. Uarofa lit p.oti -99 —14-5 3.873.116.58s 3,487,634,335 10,708425.^58 -1-0 8.687,607 ,88f- -sa -4» 3,643,606.187 3,676,696.817 Sdqnar.. 24.683,658,511 38.122,638,061 -i2e 10,379,598,969 10,868,808,612 6 montbii 60,117,028,310 57.268,868,822 -13;- 20,937,782,917 21,E66,284,384 fttly 8,6fl0.31 1.721 9.709.608,62^ -6^ 3,466 951.458 3,731,782,937 Inguit.... 8.008 0a%912 7.921,a28,12(. +1-1 8,S52,4'-9 0a ?.256.5«4,317 September. fe,844.278,8i:' 3,489.571,152 8.882,381,019 3dquar.., 7,673,849,870 -I-15-3 •i6.512.659.446 <!6.304,5!:4,6i9 9 month!- ?5.629.t85.C66 S2.567.437.8ll + 0-6 10,307,991,616 10,370,698,26^ -8-6 +1» 31,3t'5.7x'4,6P3 n,fc35.932,627 -6-S -4* -a? -«• -!» -s-a 8,943.245.341 11,609,P98,7(<5 9.170.620,644 -1-254 HoTember, 18,505,31i,780 8.169.'-73.696 1 4,038,032,173 4,167,858.809 ;^.561,950.3D3 was because these outside cities reflect the condition of things in mercantile and industrial affairs, speculative transactions and large financial undertakings being much Oeoember. 12,1:04,768,414 9,3&5,35a,2t;3 -i-3/"7 4,."i03, 1529.767 3.7t.7,721,&-y less of a feature there. say that, notwithstanding the recovery in 1904, aggregate clearings for that year are Including New York, thi« not the largest on record. aggregate stands at 112,449 million dollars for 1904, a« the adverse developments in recalled, 1903. the financial world. In the financial world, confidence was it very deeply disturbed This will be during Stock Exchange values almost uninterruptedly declined, the shrinkage reaching enormous proportions. Jotober. .. 4th qaar. 33,Sl9,i*76.t59 28 641,750,523 Tear li 2449664,016 109209187.761 It is almost needless to +53 -{-S8-2 .2,501,5^0,749 11.302,917. +1T« +1*3 Ib2 +iae( -fSv 13,8.0,245,S42 4»,238 StP,^ 09 +ri THE CHRONICLE 138 against 109,209 millions for 1903, but as against 118,023 millions for 1902 and 118,410 millions however, loss, New York entirely is at ClearlDss Reported. (000s omitted.) The 1901. for Outside of centre. this [Vol. lxxx. yolume of bank exchanges for 1904, under the improvement which occurred the last few months, surpassed that of every preceding year, as will Total Paomc, » 649,832 .1900, 635,979 528,439 433,836 876,218 832,319 581,746 469,003 402,194 1904 838,576 1903. 793,462 771,439 852,104 581, 6ot -{1903 1901. be seen from the subjoined statement. Total other Western. CtKAKINGS. •! 1 Per Ct. New York Year. $&«,649,418.67.3 180i. 21,337,807,020 1893 1893 31,201,037,730 f5,970,337,95o -13 7(4,328.189,185 37,458,607,609 35,895,104,905 -3-9 +50-9 -13-4 +44-8 +S5-6 +15-8 -3-3 +22-3 —22-0 -14-7 +8-6 -9-9 +4-4 +15-4 31,100,027,521 -7-1 T9,427,ft-5.8«2 5^.631,801,866 60.761,791,901 41,971,782,437 33,427,027,471 28.870.775,056 a«,841,796,924 33,662,469,203 83,749,322,812 i»9a 1889 1888 1887 1888 + 4-1 38,988,329,340 33,436,347,818 33J285,008,888 20,854,774,887 23,8CI2, 043,485 22.376,6^8,783 83.838,903,840 21,072,251,68; 22,882,489,378 25,268,657,420 22,907,857,406 23,087,956,3S8 20,315,145,550 18.334,048,654 -0-6 +19-6 -9-1 28,152,201,336 80,985,871,170 —17-2 87,434.300.873 -20-2 17,616,680,056 15,570,551,854 J885 1883 With 13,179,255,183 +0-8 -7-6 14.8rt5.622.880 -1-2-4 13,887,102,283 established since Stock 49,247,681,466 41,439,303,699 Exchange speculation which we now annex it ?^tside 574,891 423,370 475,33? 1.677,118 776.4!l 800,884 737,462 838,807 1,044,17C 817,497 983,548 782,528 921,538 3,495,704 689,S.S8 637,898 783,40t 633,432 877,770 744.435 1,898,050 6,461 ,0<;4 1,455,266 1,388,228 1,328,901 1,716,664 1,362,414 1.346,781 1,2S5,672 l,506,2dE 6,86^.069 5,460,132 fl90l. 1,103,031 1,180,1DS 1,0c 6,644 11900. 1,053,767 930,063 1,430,313 897,670 1.254.856 4,990,871 4.186.346 85,51 2,65t Se,819,976 1124493S4 total shares. HDUBBR AND VA^tnE OP SHARES SOLD AT NEW YOKK STOCK EXCHANGE. B81.0TC 680,415 Year. Price (ap'roxim'te) Year. Values .\v'ge Price (ap'roxim'te; 1904.... 187.312.066 89-9 $12,061452399 1894.... 49,075,032 64-2 $3,094,942,769 1903.... 161,103,101 73-2 11,004,083,001 1893.... 80,977,838 60-3 4,550,260,916 188,e03,403 79-9 14,218,410,083 1892.... 85,875,092 63-5 4,874,014,262 1901.... 266,941,859 790 20,431,930^551 1891.... 69,031,689 57-1 3,812,247,419 1900.... 138,380,184 89-2 9,249,285.109 1890 .. 71,282,885 60-2 3,977,664,193 1^9 78-6 13,429.291,71.5 l«RB . 72,014,600 «i-n 4,069,231,891 1902... 1903. Canada..... ! 1902. 689,195 418,988 372,411 1901. I!i&JO. 675,171 896,094 672,432 649,838 632,210 473,787 385.348 474,108 391,968 176.481.135 means uniform. like sas City, Minneapolis, etc., cities show for delphia to the fall below previous totals, their best same extent New as For York. Cleveland, where in addition and the Masters' & 4,508,778,899 the last four years both for months. 1886.... lOO.SOS.OSO- 65-6 5,885,662,200 3,808,338,604 1885.... 92,538.947 84-1 5.479.859.84'^ A cities two years for the last at was 1905, page 09. in Pilots' strike Here are were the largest of any corresponding quarter. the figures by quarters the different geo- for 3AKK OIiRABmOS AX 1904. (000,000* off" in the ore were adverse December and city for the twelve hMA.JiIS0 CITIES of January 7; f OB DECEMBBB A»D THE YFAB. — December.— 1903. having a clearing Cheonicle the closing quarter of the year, even the exchanges at this centre some table compares the clear- every house was published in the Moreover is statement showing the clearings detailed York, as already stated, a new record established in 1904. also (stated in millions of dollars) 84,914,816 81-1 3,389,989,940 that centre There were the falling The following circumstances. 1887 65-2 and Philathough not bank consolidations in Pittsburgh, a circumstance which would serve to reduce exchanges. Bank consolidations doubtless also had an effect in the same direction at 4,973,653,085 60-3 the no doubt in part responsible. Pittsburgh suffered because the revival in the iron and steel industries did not occur 67-0 54,664,096 On the late year's falling off at Baltimore, the great fire at 77,324472 66,583,838 months I ings at leading 1895.... the twelve other hand, such financial centres as Boston 3,539,519,143 1896.... the record of 1904 the very largest totals ever reported. 65,179,106 62-5 total for clearings 1,583.289 cities 1888.... New 2,525,202 1,897,098 6Sl,3{i2 630,816 436,672 Leading Western and Southern 8,187,413,985 Outside of 2,743.086 2,6fi8,S81 Chicago, St. Louis, Cincinnati, IsTew Orleans, Kan- 72-7 .. 33,438,348 836,720 716,574 by no 1898.... 113,699,957 1897.... t3,23t?,S50 41,695,103 38,SS2,320 is In the case of the different traffic . 25,891,028 J9,150,51i) 113410016 647,133 until the closing portion of 1904. Stocks, Shares. 29,872,016 31,328,007 118023299 11903. 10,708,425 10,856,810 10,970,508 11,303,107 190S. 10,116,880 10,S95,55i< I0,0je,.96] 11,126,815 1901, 9,143,593 10,090,233 9,232,418 10,616,100 1900. 8,221.452 8,330,380 7.665,i»t 9,198,52: New York I the table for Values 25,804,395 ^6,341,945 109209183 21,868,020t3! .418,082 17,568,52, 36,4:25,9.£6 86,070,550 ri904. in 1904, 1904 footed up 187,312,065 was no less than 265,944,659 Av'Ke 2,598.473 -6-1 Exchange during Stocks, Shares. 3,875,391 3,212,867 8,958,070 1,400,798 t could 1901 the 41.5,92; 2,631,474 2.372,928 1,973,707 727,04i 1 transactions in share properties on the shares, 896,531 j be seen that while the will 686,180 $ 2,761471 rifi04. 10,608,136 10,379,597 10,507,992 12,504,520 43.800,845 phenomenal From 7&4,87 1,435,199 U900. did not reach the pro- the earlier year. portions attained in $ 676,98^ 658,104 fl804, 25,538,47024,583,559 1903. 2--t,139,967 ^8,122,866 |^»0S. 37,901,244 29,521,072 89,055,133 34,913,337 1 1901. all Total Tear. 1,747.011 ! +9' —150 1901 would be repeated in Total -«-4 +7-9 +13-4 -3-1 +3-8 +18-9 — 14-e it 1901 Fourth Qaarter. 1004 1903 i«02 :V -0-4 +87-6 -8-6 +36-6 +20-« +11-T -8*7 +16-6 —15-9 -12-5 61.69!1,823.75^ really Total Southern. ...... +3-0 -7-4 44,165,126,355 New York reference to the figures at hardly have been expected that the total »112,4496e4015 +1TS Ct. Deo. +8-8 10a,S0i»,l-«7,764 +6-7 Hfc,033,298,740 +16-6 118,410,015,182 +0-5 e«,070,549,688 +23-0 94,047,100,783 +18-6 68,826,657,324 +6-4 57,329,070,958 -4-2 51,24«,S23,8i9i +10-1 63.1S0,7C0,764 -7-6 45,4t; 0,058.609 -9-4 54,143,587,108 +10-8 61,919,126,622 -0-8 56,657,179.617 +14-2 60,316,503,997 +10-0 56,110,250,456 +4-3 49,484,584,176 +13-2 51,091,286,824 4?,238.849,809 41,895,109,575 83,474,558,268 33,676,829,612 1884. -i-1-3 l^Oi. L1900 Inc. or OlearlDKB. Dec. 43.801,245,343 Per Total Inc. or ing^* Dec. 19C4 1903 1903 1901 190U 1899 1898 1897 1896 1895 1881 Outside New York. Inc. or Clearings. Per ct. Clear- Third Quarter. Quarter. t 641,330 (1904 1903 the Second First Quarter, Jan. 1 to Decertiber 31 —>, 1902. 1901. 1S04. 1903. 1&02. liSOl. . . omitted.) graphical sections for each of the last five years. ClearinKS Reported. (000s omitted.) First Quarter. Second Third Quarter. Quarter. Fourth Quarter. Total Year. t $ ^901. 14,925,334 14,203,962 16,204,667 21,315,456 63,619.410 190S. 18,431,642 17,266,076 14,933,887 15,838,833 65,970,338 i H«w York « ( 17,786,364 19,12:,618 19,216,166 30,202,151 76,328,189 \ 1901. 10,911,650 34,823,104 18,068,613 18,634,419 79.427,086 L1900. '.8,446,50& 13,067,702 9,892,626 16,227,406 52.631,202 Total other Middle.... ri904. 2,868,069 1903. 2,689,682 lOOi. 2,441,2*>7 1901. 2,279,836 L1900. 2,007.872 KewYork... 8,501 6,498 6,1^6 6,316 68,649 65,970 76,328 79,4SS 718 8,890 8,756 8,395 7,756 738 761 860 OhioAgo...^. 560 6.632 6,717 6,930 7,192 678 655 644 BoBton 460 5,776 5,842 5,875 6,475 535 494 624 Philadelphia 225 2,793 2,510 2,507 2,271 2S4 209 259 St.Loola — PittBtourghSan Fran' CO. Baltimore... Canolnnati... SAnsae 01 ty. Oleveland— New Orleans tfitnneapollB. LoolBvllle... Detroit.. 3,428,660 8,441,221 2,816,282 2,579.092 2,989,490 10,622,470 2.671,117 10,606,628 2,870,375 2,553,749 2,702,26fc 8,229,867 2,703,881 10,872,292 Pif evidence.. 2,485,973 9,697,436 Omaha 1.880,665 2,177,167 8,240,881 8,176.027 5fl:il-waaltee.. Snttalo...... Paul..... [ndlanapolla ?t. Total New Bngland.. Tot. Middle Western. — ri904. 1903. 1,8*5,408 1,865,803 1,724.453 2,149,956 1,979,083 1,925,731 1902. 1,974,918 a,05i?,734 7.879,8.32 Rlohmond.. 1901. 1.995,0j6 1,949,568 1,809.820 l,»86,16^ 1,802,026 2,178,406 1,887,098 7,558,621 7.064,785 2,036,168 8,090,727 Memphis.... »:>enver iseattle L1900. 1,795,091 1,732,101 1,507,440 1,976,971 (1904. 3,196,662 3,8^4,262 3,226,92? 8. 1903. 3,204,523 3,280,499 3,178,494 3,627,978 13,285,^25 3.389,002 13,071,518 1902. 3,034 .3S7 3,092,083 8,037,707 3,2t2,S3t; 12,406.963 Other 1901. 8,590,112 2,870,986 2,799,46? 3,110,9!55 11,371,619 119O0. 2,407,34.^ i:,473.107 2,3^2,368 2,570,764 7,010,603 9,773,679 .. (iartford Lake Olty Total 203 140 120 110 100 62 112 95 51 49 40 31 38 30 31 29 26 23 28 20 12 16 167 134 98 94 95 63 116 80 46 44 36 34 33 28 27 27 21 19 31 18 11 17 175 136 102 95 89 66 71 73 44 47 S5 SI 32 29 30 27 19 19 22 18 12 19 IS.Ml 8,781 9,417 9,331 651 514 468 Total aU... 12.805 9,295 3.797 9,885 3.719 cities.. 173 105 97 82 82 61 74 72 41 69 31 30 27 28 27 21 19 17 15 13 12 16 OutHiaeN.Y. 4!304 411 2,063 2,367 2,148 2,048 1,535 1,520 1,873 1,178 1,128 1,172 1,203 1,192 973 1,223 1,15^ 1,081 918 988 1,098 1,076 694 971 843 558 526 409 349 398 327 316 320 236 261 232 140 li^e 802 828 741 5V9 523 391 S57 394 321 309 31V 237 208 214 207 137 156 763 672 721 501 527 356 351 363 SOl 294 270 230 213 179 192 140 173 70S 604 626 462 676 328 349 sal 304 260 206 228 198 154 146 136 182 100,853 103,748 U3,082 114,322 5,&»7 5,461 4,9il 4,188 9,792 112,460 109 209 118,023 U8,410 3.476 43.801 4a, W-39 41,t<y5 3a,«8a ) . Jan. THE CHRONICLE. 14, 1905.] There are no official data to show the volume of busi Following our pracness on the mercantile exchanges. tice, however, of previous years, we have made up from the figures given from day to day in the daily papers, certain results with reference to the dealings on the The year 1004 was a York Produce Exchange. New period 39 dustry had already begun. In general trade, also, there were more decided evidences of revival than for a Ions time past. In Colorado, moreover, where strikes in the coal and ore mining districts were adverse features the previous year, conditions were vastly improved in 1904 with the removal of these drawbacks. Consequently Colorado excitement in the grain markets, the price of roads this time share with the roads in other parts wheat in this market advancing from about 85 cents to country the distinction of recording large of the $1 22. It would seem, however, that the aggregate of the dealings was not, after all of unusual dimensions, gains. It is not to be inferred fi-om what we have said that railthe total for 1904 being 627 million bushels, against 553 millions in 1903, 636 millions in 1902, 869 millions in road earnings in December 1903 (speaking of the roads as of great 1901 and 1,095 millions in 1900. a whole) recorded losses. On the contrary, notwithstandSALES OF FLOUK, WHEAT, &C., AT NKW YOKE PRODUCE EXCHANGE ing the setback in trade which had then become quite [Twoolpliers (00) omitted from the figures for Wheat, Coru, pronounced, and notwithstanding the losses sustained by Oats, Barley aad Rye.] Colorado roads and by some others, our preliminary table Sarl'y Kye. Floor. Com. Oats. Wheat. Total. at that time showed $2,754,259 or 4-66 per cent gain. AM alt Bush. Bush. BbU. Sush. Bush. Bush. Hwh. The further improvement in 1904 follows this gain in Si0,ti34,450 60,0 l«t qnaxter, '04 588,10c 204,966,0 7410,0 6,855,0 1903 and the still more important increases of previous '03 56»,WX) 245,0 94,2 120.013,750 88.901,0 20,3C2,0 7,982,0 " .. .. •• •02 24 quarter, 519,800 658,800 130,082,0 15,459.0 4,838,0 200,0 40,0 16:,C80,850 '01 128,288.0 14,458,0 7.141.0 406,0 86,0 15J,342,60U '00 972,841; 347,141,0 14,584.0 6,393,8 1,46,',0 212,0 174.170,530 '04 464,100 650,900 483.100 719,200 827,900 107,831,0 4,017.ol 5,108,0 2,0 119,046,450 167,920,050 •03 '02 'Oi " '00 8d quarter, '04 'OS 02 '01 • Total Total Total Total 1904 1903 1902 1001 TotalieOO 100,0 1,174,0 8,674,0 1,420,0 187,091,950 200,270,0 23,279,0 6,849,0 82,0 31S,0 3.^3,984,400 Tear Tear Tear Tear Increase or 471.0 305,709,560 153,704,800 151,478,550 155,864,900 252,452,135 341,798,550 183,963,800 124,204,000 130,211,200 229,736,050 273,853,660 Given. Precedino. Given. Preceding, Bwreaae. Mile*. MiUs. 257,759,0 35,879,0 7,081.0 1?ir- 576,400 623,900 137,977,0 7,135,0 5,930,0 60,0 128,953,0 12,053.0 6,989,0 569,0 107,0 473,000 : 02,250 7H5,900 133,025.0 13,090,0 6,703,0 360,0 213,899,0 37.176,0 7,713,0 205,0 558,0 800,0 94.0 8,126,0 710,0 6,224.0 565,0 104.437,0 9,534,0 7,351.0 553,600 557,100 751,700 100,392,0 18,501,0 7,421,0 200,470,(i 18,035,0 8,156,0 239,768,0 22,893,0 7,2g0.0 65,0 468,0 525,0 8S0,0 ^,355,000 667,072,0 25.897,0 23,126,0 >!85,0 627,379,3^0 938,0 44,C 160,0 2,466,700 449,272.0 69,584,C 81,366,0 979,0 1,375,2 553,646,350 2,059,000 535.164,0 60,209,0 27,536,0 1,028,0 2,956,0 636,158,500 2,637,850 742,927,0 e8,94?,0 833,969,0 1C8.342.0 29.858.0 1,167,0 748,0 869,516,075 28.880,8 3.346,0 927.0 1.095,63?,880 3,848,340 1896. 9,034,0 7,629,0 '00 to 13,169,0 34,988,0 '01 back totals 17.675,0 116,2ii8,0 '02 December 162,665,0 294,801,0 '03 •• give herewith the 126.931,0 72^,400 826,000 '00 tth quarter,'04 We years. MUeaae. Deeembtr, 188a <1S0 roads) 13»V (ISSroadB). 1588 (ISO roads). 1808 (113 roads) E500 (lOlfoadB). ISQX (99 roads) leoz (80 roads; 1008 (71 roads) 1204 (67 roadB.' 93,075 99.418 96,236 68.503 Oross Barnings. % 0?,283 98,183 95,191 40,?95,7i] 41,791,23! Dec. 60,020.193 44,542,14:' Inc. 6.473,044 49,630,3! 2 96,687 55.5i7,81f 46.474.701 Inc. 8.155.611 61,661,90P Inc. 8,895,804 96,43,7 fcS,003 59,606,431 103,498 10J,694 103,638 f9.S79 84,143 98.801 87,067 82,607 6^,983,583 70,76B,04S KOTS.— We do aov loriln^ic tie6,540 C4,2?1,C91 Inc. 5,*35,8;;7 62,lC4,9i6 Inc. 2,818,037 61,416,41'.' rn«. 6,852,657 61.988,261 69,114.00? Inc. 5?.754,2E9 {9,429,666 65,C69.647 Inc. 4,360,109 she M'-j?^iC5»n voaila In feuy ot tiie yeara. For many of the separate roads the results are un-; Thus (taking widely this time. usually satisfactory separated sections RAILROAD GROSS EARNINGS FOR DECEMBER. has added $581,226 to There tinguished. is dis- considerable improvement as com- pared with the same month of 1903, and the gams are pretty well distributed through the all list. As only the roads which early preliminary returns, comprising only make altogether 84,143 For these roads the aggregate increase miles of line. the is not quite so large as in the aid of in was some it then, since really or decreases. of the month has been made without the which existed This last mentioned was the closing Louisiana Purchase Exposition at St. Hence, in December, the advantage which the roads had previously been deriving from the Fair was Louis. present The decrease we New York Central In etc., etc. indicate all changes for CHAHGB8 IM Increases. PBIMeiPAI. IlUnola Oantral.. ...... Northern Paolflo.. ,.. N.Y.Cent. &Hud. B.. Great Northern 8ys. > Montana Canadian Denver & Klo Grande teoathora Kallway Mlnn.8t.P.&8.Ste.M. Fere Marquette & > of Canada (Si'Oai. J NashvUle Loniaville & Mo. PaolHo & Ir. Mt. Ceiiteal Branch ... > 252,-385 Colorado & Soathem. 213.S00 Oantral of vieorRia.... 202,'; 3 2 151,307 126,188 126,081 116,4&X lOd.Oll 105,791 Bt. IncreaHes. 450,409 439,734 Mo. Kana. dk Texas... Lools Boath^est... Paclflo St. Louis. $581,226 Grand Trank dysVm ... & con- ©MaSS SABISIHGB IN ©ECEaiUER., yl09.llii lOT.tiSy I'exas will be seen, is list, it fined to one road, the Minneapolis more noteworthy Yasoo & Miss. Valley. BuSiEkioBoch. & Pitta. of the favoring circumstances jS"ovember. month it is earnings of December 1903,' the separate roads in excess of $30,000, whether increases v^abaeh immediately preceding, but than summary we now O^Qtrai.. S PaolfiO.,..„. reaches $4,360,109, or 7 92-100 per cent. The improvement its $450,409, the Southern Railway $202,532, two weeks have elapsed since the close of the month, our compilations of course cover the Illinois Central country) the I^orthern Pacific $464,498, the Eailroad gross earnings in December maintained the record for which the later months of the year were of the ; ,-.,: $36,864 91,845 76,0G0 '75.845 6«»,14'l & Wo3l MobUe&Ohlo Ohio. Ind. & Loulfiv... Tol. St. L. . 47,073 43,369 32,75y Total (reprseenting ^ 1,082,950 27 roads) l>eereaee8. & Minn. St. Loola..... $30,030 y Figures cover three -weskB ot the month only; fourth week not yej rep3it*d. The grain movement during the month was decidedly between the different cereals. had had the advantage of an extra work day, jS'ovember It follows from this that while some roads may have had 1904 having contained only four Sundays against five a larger grain traffic, other roads must have had a in 1903. In December, in contradistinction, there smaller volume of this class of freight. The shortage of no longer present. Then, also, in November the roads irregular, particularly as the fact that the receipts were the same number of week days and the same the wheat yield number of that cereal for the five weeks ending Sundays as in tlie previous year. Nor did the grain and live stock movements in the West or the cotton movement in the South afford any considerable increase in traffic over December, 1903, except in the case perhaps of one or two roads. On the other hand, the iron and steel industry was in much better shape, particularly as compared with December of the preceding year, when depression in that inof is reflected in December 31 at Western primary markets were only 24,185,448 bushels in 1904 as against 30,340,632 bushels in The oats receipts the corresponding five weeks of 1903the principal also fell oif, being only 10,785,016 bushels for the five weeks against 14,583,318. On the other hand the reaggregating ceipts of corn were very much heavier, about 31# million bushels as against less than 15^ mil- THE CHRONICLE. 140 The grain moyement bushels. lion usual form in in our detail Dtctmbtr, Wiuat, 81P.037 B wkB Dea. 19C4 6 wild Dec. i*<08 l,t7<'.64a H,H10,5 4 wks. 4. 52 Year Year '03, 53 wks. 7.e83.el2 ' 811.090 D wks. Dec. 1904 881.H76 5 Wkt. Dec. IkKIX 2 811.78S '04, 52 wks. Year Year 'Ob, 68 wks. 9.^93,6i:0 Oata, Barl$v, RV4. (.buMh.) Ibuth.) Ibxuh.) Corn, IbUth.) 2.fir;9,8e0 ^.02S.5»^ £4 15H,4^3 «6,71»,tlO 172,f:8'^ 3,965 105 S.Sfll.rB 6.V61 295 6.817,'^ OP 3.081,680 279.323 5 8 937.048 70.144 893 as.iO'.'^i 2.320.749 »l,866.84i' S7,8a4,ll2 a3,k09,52S 8,9e8,767 18,lf:Bi,500 889,800 897.0 ets.fifio 1,887.3' Deo„ 19C1 Dec. iwiS sae.s^B Year "H, 52 wke, Year '03. 52 wks 2,346,835 8,840,710 640,85 2,96 \0iO 7.462,101 17,317,411 2.268,900 8.829.350 17,310,160 8,140.870 9,028,;64 23,034,18:^ Dec. 1P04 Dec IWJ 6 wks. Year Year 1,S76.414 8.619.714 22,P3v-405 'ii>. '03, 62 wks. 52 wks. Detrnit— B wks. Dec. 1904 6 wk». Dec. IMO: Year '0«. 52 wks. Year >03, 52 wks. 24,600 8-8 1,618,600 8"0 000 837,000 1,400,000 l,a98,0U' 7,';4y,7*7 (' 8,156.00( 60,468 136.700 6i&.086 2.591,00'. 1,809.698 1,190,766 C87.420 1.5 6.7C0 17,7-Z8,3W0 16.e80,245 80,426,248 .9.931,6a6 ?36,0' 4,729.470 6,693,B1S 139,000 138,600 1.418 4"0 1,014,200 8.827.350 1.718.250 607,ir.l St. :.'>Ui 6 Tfks. 886.000 11.80< S99,761' 93^.8?2 8:B,573 809,167 489,79.<1 889,9':i- 806.edJ 2,606.8' 8ll,ii5<. 2,277,460 4,626.418 5,057,15 3.t65.S6^ 4,088.888 6 WkB Dec. i»03 48,836 B^aof630,50 89u,801 47,249 657,601 857,628 8,3U4,280 8,318.08 S60.42] 8.8l0.a4v 7,668,690 Year '04, 62 wks Tear '03, 52 wks Peoria— Bwki. Deo., 1904 94.2C0 60,000 8.70fl,0CC 2.989,001^ Dec Year 'u 52 Tear '08, 52 D:tivthB Wks. Dec, B wks. Dec Year " 4, 52 Year '03. 52 ' . 838,738 869,06 188,088 6,832,44-- 68».40O 963,000 11403 128.8a« ]34.4!>0| 916.8 6 bl6,706 bTd,20u 9l,l9i 8,647476 995.196 140.000 2,686,685 £5,610,628 29.060,211 89,28) 11,2b9.4B3 974 6,196.010 iec4 1W03 . wks. 2.7t'8.690 wks. 4,646,400 »41,ii00 1^40 18.667 2.440 377,400 wks wks. 1,000 8,076 10,484 174,600 21,851 8.742,101 86.0C0 25.00C a94,8'W 886,10C !'4«.800 19.3o7.00« 0,5«8.80<: 20,879,661 10,336,600 lanadlan Paciflc. Chlo.at. West.... 2,893,60t 2,8iJl,60C 141.402 147,564 1,13^.578 2t8.6;4 8,438,870 9.203,62^ 1,108,81S7 JuluthS.S.A Dec Bwko Dec. 19ti4 1S>03 62 wks. 52 wks, Kansas Citii— 6 wks. Dec. 19C4 B wfeii Dec. !»03 Tear 'Oi, 62 wks Year 'G3, 52 wks. Year Year l,261.80i 13,088,420 13,0a^,724 '04, (•6.(167,741 '03, 8B,758.325 18(1.008 1,657,070 893,980 1,074.800 358,810 4,17 ,bh^ ii,537,M7() 11.242,9H0 1941,403 3,837,837 22,100,772 11,224,050 1,037,617 J.812,*'00 5,480.900 39. l3d,970 34382.240 1,021.100 14,381,701 13.987,68( ively, fell Kansas below that of the previous years. City, Omaha, Chicago, Joseph together, the receipts of Louis St. hogs were head against 1,593,810, but the receipts of against 659,898, and of 649,693 head 637,709 head against 680,104. In reference to At few ports a 613,454 010,40. 886,8i« 4,263,618 3,789,120 8,759.ie5 3,416.527 8.652,034 4fB,497 490,62' 411,0: ( 412,20. 865.190 3,282.897 127,143 395.938 12,429,':4ir 10.126,681 o,eu,8<M South the like JS^ew the Or- Savannah and Charleston the receipts were larger than in December of the previous year, but Is 818, against (39 for prerioas years. 1801. % 378.657 % 3I6.S03 818.881 $ 213.876 Osnt. of Georgia. $ 0290,722 996.036 nnJT.O.&Tex.P 0559,466 iontliernBy... 1 8t.LoiilsDlr. > 4,118,608 8,B1«,071 8,Mi,ee3 078,382 846,814 750,952 665,083 737,060 £98,8e9 438,188 2,395.907 650.502 B89.709 8,740.149 164.639 612,701 11,7 65.063 11,170.871 10,208,147 8.60^,280 8,769,098 8,a87,21» &.labama Qt. So. Yutoo&Mlss.Val. Total 1809. % 3 804.00S 6?4,777 418,360 105,64.? 3,105,321 3.124,945 6 Freixht on material carried for company's own nse Is no lontrer credited toi •amlnsB. the item tiavlng been eliminated from both earnings and expenset^i rhe dgures ror 1904, 1903, 1902, 1901 and 1600 are giyen on this tiasis. 9 Flgares for fourth week not yet reported taken same as laat year. ; BABNINOS 07 SOUTHWBBTBBN GBOUP. Dtcember. 1904. 1003. leos. 8 8 $ C46.68S IBOl. 609,141 469.88.- 16C0. 867,006 081.677 863.062 1.146.011 1,874,14!: 1.383,093 8,963,0C< 8,390,060 3,018.736 874,B7t- 768,787 660,190 658.007 524.361 1.416.722 1.269.09!: 1.540,028 10.3;-6.314 0.991.716 9.308,46 8.r<18,4«8 >),706.6«0 St.Ii.Southw. 1 Total- ' i- 677.980 1.662,922 8,768,000 1.199.800 1,440,5C8 1,447,169 607.95* E44,S49 627,3i7 c t Texas *Pac. 1899. % 3 489,224 372.550 8£0,784 £66,851 42S,C25j B12.3G2 1^68,868 1,073,633 8,034,308 2,9e7,00S 706,70E ei7,C4« 883.f93 1,884,119 1.418.70f' Uo.P.AIr.Mt i 7,-,375.0S4 EARM1NQE03' HICDI.B AHD XHSDIJS WBSTBEK OSOUP. 1 December. 1908. 1004. 197.004 9,893,934 6,443,525 e,202,7f: i;l,039.4b9 •e30,37l< 922,537 & T. H. I'ol.* Ohio Cent. 811,868 318,e4> Tol. Peo. & West. To5. St.L.* West 187.826 804.83 Wabash Wheel.* li. Total 6,690.120 6,601.381 774.18B 740.761 4,467,413: 987.732! 157.273] 203,673: 88.920 194,20^ It 0,463 162,314 169.068 887,88: 106,e3f 380,069 114.932 291,368 218,48(- 207.811 9!.8«i- 09,701 314,368 857.7C.6 2,CS2,400 1,881,698 816.846 887,689 Brie. 1 i Pere Marquette..* L. Van. 1899. % 3 160,670 150.010^ 480,011 628.976 476.041 £50.8871 861,498 89S.9S4 854,40e ^6.601, 8,817.0«i 2.432.99t 2,60^,9?6 8,587,613' 485,05J 898,653 386,087 897,465 3,787,10. 3.413.126 8,3.37,706 8,810,570 171.07C N.T.Cent.&H.R.+ St. 1000. 8 162,M£ « 167,8(6 611,81& 637.909 428,870 804401 3,053.246 2,9i!6,3SS 449.9C7 4t8.0£8 4,387,376 3.ec9,lEC Sys. IGOl. 190S. 9 % /Lnn Arbor 3ufr.Booh. & Pitts Ohlo.Ind.& LoutsT 1.694,815 219,92( 163,803; 1,598342 1.586.887 l,430.4!iA 861.681 2S9,«1B, 880,360 363,5i;0 iiios8.40« 13,8>SS,ei3l 20,380,386 18,689,802 18,188,941 & Detroit River By. In 1901. In 1903 and In 1903. Brook System, the Beech Creek BR. and the Wallklll ValleT BR Included for all the years, and Boston & Albany In 1&04, lu03. 1902, iSOl and lOOO g Figures for fourth week not yet reported taken same as last year. * Includes Lake Brie + The '''all ; bales. AHD MILJEAGE IB DECEMBER. Mileage. Qrott JSarnings, ISamt of Rond. 190i. Dteembtr, 19C0. 7.>0.fe2 026,601 468,K6 42e.39£ 629,507 £>oalS7.&I^ashT.. 63,278.3l< b3.188,4e5 b8,00r.904 t3,495.C69 W,486,023 920.588 >^oblla&0hlo... 707,864 653.102 9^5,406 684,716 846,901 826,301 .7aah.Ctaat.& St.L 827.B81 789,066 639,406 GROB8 EARHIWG8 BBCBIFT8 OF COTTON AT SOUTHEEN POBT8 IN DECiiHBER, AND FBOM JANUABT 1 TO DECEMBEB 31, IN 1804, 1903 AND 1902. 1 1C02. taking the Southern outports as a whole receipts in De- cember 1904 were only 1,358,075 bales, against 1,398,165 bales in December 1903. The shipments overland were a little larger, namely 279,946 bales, against 259,- 82ii,741 I nilnols Central... leans, Mobile, 333 213.424 285.63 aooklng Valley, planters evidently held back their holdings owing to low prices prevailing. 265,6i7 1903. sheep but Grand Trutk m movement cotton the were cattle lt8 59f 267,1C0 534,134 1BC4. Taking and St 1,603,242 803370 8,301,383 104.161 60?,00 Dutiabtr, B.Qt.W..) collect- 1*^1.4 10 3.232 273 SABNIHOB OT SOUTHaBR QBOnF. Iat.*at.No.. it 8,970,810 648.343 3,8i6,S88, 700,689 a In 1004 mileage 4,608,0"CI moyement, treating live stock a.OSfi.nil 3,270.698 216.a'0 181.113 14,1:70.825 18,693.826 Mo.K.iTei The Western 73r- 656.666 227.10(i Total e.47."J,280 latalojall- T t 3,487.812 207,264 273 40J Iowa Central Mtan.& St. Louie ii.st.p.&s.e.M k South. i>en.&B.Gr. > 6 wks. Dec, 1904 1 eiB,858 81,185 449 31.788,484 l0.78B.01fl 0,926,521 664 450 6 wks Dec. 190» 1911,07* 80.340.a3z 15.180,914 U.B»3,3j8 6,760.85- 1,(0\.S87 178,680,80V 16730ai58 fl8,403,7ffl 7,8S7,05l) Year '04. 62 wks. 18,116.186 ?15 4(I9 6 Year 'OS. 52 wks 19,93«.B9'' .319,184,nB 176,11^9.44 811778851' i' 62.919.215 8.4V6.927 647.3^ 1SS9. 1800. 628,582 203,000 8,710,297 Col. 824.000 44a,2f0 ?,6'?4,80( S 8.4»7 2C2,26S freat North. 878. Sorth. Pacific. St.PaniatDul. tVlioonilnCent'l 3,950,146 1901. 197.3t3 101,013 1,049,093 1,788,760 3,7H9,H40 1002. V At). Minn f.avolit— B wks. 1903. 4,617.000 4.264 816 0645.033 041.10 161. Ih8 19,015 87,916 18,79^,902 6,711,96» 1904. % o.oro 18.600 8.000 186,400 826.200 7,1>'1.80 OliVii'xnd- 6 wk(.D«c, 1904 B wke OF HOaXHWESTKEN AND NOBTH PACIFIC GROUP. HAR.>TISaS set out in the subjoined table. is BBOBIFIS OF FLODB AM; U^AIN SOU FIVE WEEKS BNDIXO DECEMBEB 31 AND SINCE JANCABT 1. 5 wks. 5 wkg. [YOL. LXXX.'' 1903. Inereate or 1904. Deereaae. 1903. Full Tiar. Port*. 1903 1904. 1902. 19C4. I 1803. I 1003. Alabama Ot.Soath'ii yl95,937 Vl77,772 +18,166 808 909 216,081 145,37S 214,878 131,81^ 139,fi9'i! 196 14b 189 196 ^^*Z,998 +1,408 +13.568 +13,006 167,90 157, 64e) +io,a5>. 291; 4 93i +32,76: 27 55 S 20' 8,568 1,878 lOS 819 591 4la.N.O.ATex.Pao.ffalTeston BablnePais bales Ste Kcw Orleans Mobile P«nsfooia,&o Earannab Bruns wlok, &o OllarlBtton Port KoTttl, Wai hlr.prton, &o Rorfdk Ntwport News, Sto 17.674 446,467 42«,t-27 62.71(- 60,861 86.0 14,IC8 226 96: 221.118 To complete our year comparison of i- 262,80- 2,346.066 8.370,723 2,106,756 20,48, 155,T3» i;:8,359 126.266 400,43:1 •a,I86 2t6 2,186.467 8,3^0.388 41.«97 246.406 233,178 181,9C4 4.<,1B^ 148.34 159,617 175,649 216,160 1,435,803 l,'i72,893 1,231,770 26,51 L 169,516 110,410 128,86'^ 48,66« 28.7^1 25,632 19.801 £P,')S3 lfc8,C16 171,810 22< 166 30« (80 J. 073 402 8f',73;- B5,;33 60 61,725 2«0..".67 861,247 339,37(3 67 \li 410 361 69,41' 96,476 102,424 687.0 ?4 48S.O'i0 l,8^^ 8.717 8,469 20,8<!8 602,984 20,640 l.''68.075 l,3B8,165 1,804.607 T,'!^9,m\ B69.3'3 > > < • Total analysis tlie we 219,b70 40.216 7,'»."i3 P66 furnish the following six- earnings of leading roads arranged It will be noticed that in tlie case of every group the 1904 given. 464. 1C« 47,764 *o WUmlnBton in groups. 33P,36". totals are the largest of any of the years N.Orl.&No. East. Ala. & Vloksb Vlotab. Shr.&Pac. Ann Aroor BeUefonte Central.. & Plttab. California & Northw, Bnir. Rooh. UanadianPaoldo Uentral of GeorKla. Ohattan. BontUem... Ohio. Great Western. Ohiclnd. &L0UISV.. Ohio. Term. Tr. RK. 01n.iT.O. ATex.Pac.. Colorado & Bontherr.. Denv,& Rio Grande { Rlo Grande West. 5 8,516 .=i,68V —167 687,90 106,080 4,517,000 995,03* nil.Slir +126,n»i —7,08 + 252,186 10,108 615,033 426.87«. 1?4.191 y387,902 545,68. 1,412.700 113,16. 4,261,81.' 926,891 10,409 644,101 894,10 131,918 + 68,144 —30* 14S| 189 892 27 eoo^ 205 i 8,044, 1,878; lOdi 929 656 —7,727 lor: 102: +28,8t5fe 836 886 +75,84? +212,900 1,120 2,39^ 1,121 3,893 43!^ 433 153,81; — 5,47t — 8,:5i y3tfl,03 4ti9,83.<- 1,199.800 108.68" +27.02- Detroit Bouthem Dal. 80. Hhore & Atl. 9a. South. & Florida Qr.Trnnk of Can... ^ Gr. Trank West.. > 3.053,246 2,956,382 +96,864 4,08f> 4,08& Det.Gr.Hav.&M.) Ot. No.-8.P,M.&M. 3,506,284 3.081,78/ + 444,503 5,701 8,7C1 204,013 161,619 203.7B? 165,537 -4,769 25< + 6,082 280 250 261 Jiastern of Minn. Montana Gnlf & ('entral.. Ship Island.. 136,690 191,913 145,068 197.:S8L; 678 574 89! 89» . .. . THE CHRONICLE Jan. 14, 1905.J et-o** Surningt. MaTttt 0/ Road, 1901. HUe%i' 'ncream 1903. oi Decreate. 904 Ics capital now 1903. Illinois Central Illinois Soathern laternat'lA Gt. No.. Iowa Central.... Kanawtia & Mloh Lake Erie <b Western. & Nashville.. Maoon & Blrmlng'm. Loalsv. Manlstlqne Mineral Range Minn. &St. Loals Mlnn.Bt.P.& S.Ste.M. Mo. Ean.&Tex ICo. Pao.&Irou Mt... Central Branch Mobile Jack. & K.O. Mobile & Ohio Wash. Chat. & St. L. Nevada-Cal-Oregon. N.Y.Cen.&Hud.Rlv.. Korthern Paolllo Pere Marquette Bio Grande Soath'n. 8t Lools Bouthwes'n Bt. L. Van. ife T. H... Bonthem Indiana Boathern Railway. . . 446,907 448.028 4,337,376 3,806.150 2),316 21,690 577,980 697,658 215.279 191,113 138.852 121,070 442,190 438,492 3.278.310 3,186,465 13.610 13.050 4.S27 S,819 32.885 45.964 227,100 257,100 700,58^ 584,134 1.652,922 1,546,911 3.657,000 3,520,000 111.000 172,000 40,906 82,752 707,864 685,495 846,601 827,581 14,039 14,354 6.89J.934 6,443.526 4.263,618 3.799,120 43.908 874.578 211.868 121,557 127.326 304.837 768,787 194.202 105,999 8.916.071 165,829 60,032 100,178 1,416,722 287,831 105,636 257,765 y36,9ft3 2/35,095 52,088 2,032,100 41,665 1,881,093 815.246 4.118,603 T.Haate & Indlanap. 164,133 T. Haute & Peoria... 70,414 Texas Central 101,665 Texas & Pacliic 1,524,851 Tol.A Ohio Central., 312.641 Toron. Ham. & Bufl. VlrglBla & South w... Wabash Wheel. & Lake Erie.. Wisconsin Central... Tazoo& 387,629 509.000 972,382 SflsB. Val... Total (67 roads).... 347 4,387 137 137 1.169 558 177 1,149 +3.698 880 +iJl,845 3.641 3.619 +560 97 64 127 642 97 -1,192 + 6,921 —30.000 +11B,045 + 106.011 + 137.000 —61,000 +8,164 +42,369 + 19,020 2!J5 + 150,409 + 105.791 +17,666 + 15,658 + 202.632 -1.694 +10,382 +1,487 + 10/,629 +25,310 + 21,690 + 47,072 + 1,8!\8 +10,423 +151,307 + 22,383 + 23,503 + 128.168 483,147 Mexican Railway Mexican Southern.. Nat'l BR. of Mexico. 473.358 11438,240 11152,400 »63,552 1,076,389 l.u66,889 2/81,034 3/ Figures here given are for three weeks only of the years, the fourth week not yet reported. U Figures are for four weeks ending Dec 24. which 2,655 shares Company and the & New Trust Company, which took place last March. Willard V. Kiag and Alexander 8. Webb Jr. are VicePresidents; Mjrfimar N. Backnar, Treasurer, and Hmry E, Ahem, Secretary. Frederick J. Hjrne and Herbert W. Morse are the Asaistaat Secretaries, Tae B^ard of Trustees, of which M.-. Charles S. Fairchlli is Chairman, iacludes e 3.490 5.610 2,108 180 1,308 158 166 7,203 80 7,192 80 174 227 174 227 1,827 1.754 440 248 451 436 248 451 88 134 8.422 6,610 2.060 180 1.293 158 166 88 184 2,616 2.484 469 977 46S 977 1.201 1,171 736 736 321 263 821 263 1,59;} 1,558 month In both ITEMS ABOUT BANKS. BANKERS AND TRUST CO'8. —The public sales of bank stocka this week as:gregate 2,938 shares, of York Security some of the stronj^est financial iateresrs in New Y.>rk. Mr. E. H. Gary, Chairman of the board of the Uoited S.ates Steel 1.629 1,453 Corporation, was elected a trustee this week to succeed the 3,04 2,863 5.794 6,616 late Charles Parsons. The Executive Committee consists of 388 388 John A. McCall, George W. Perkins, James A. BJair, Ed196 96 912 912 munJ D. Randolph, James Stillman, John B Dannis, Nor1,226 1,201 144 144 man B. Ream, Gordon Macdonald and Oito T. Bannard. ) +9,791 —16.160 +1,618 +9,500 Is 64 127 642 59,429,656 56.089,547 f4,360,109 34,143 32,607 Interooeanlo (Mex.). . 347 4.374 658 177 880 + 17.782 4S5,497 846,214 Mezloan Koads— Not Inolud ed In totals . + 24,166 +464,498 y8l5.Hl ?/H03,110 34.791 +9.117 2^724,221 lol. Peoria <te West'n. Tol. St. L. <fe West.-.. —1.121 +681.226 +3.626 —19.678 $3 000,000 aad aggregate resources are The institution reprejents the consolida- stock $'53,988,335. tioi of the o'd Continental Trust $ Hooking Valley 141 were sold at the Stock Ei«hacige —At the annual meetings of the stockholders of the nabanks in this city, held on the 10th, a number of changes were made in the boards of directors of the different tional institutions. In the National Bank of Commerce Messrs. D. Ogden Marshall Field and Alvin W. Krech were elected directors to succeed Mr. Joseph C. Hsndrix, deceased, and Messrs. Daniel S. Lamont and John S. Kennedy, resigned. Mills, An addition to the board occurred in the Liberty National, Mr. Charles Steele, of J. P. Morgan & Co., being the new member. The board of the National Shoe & Leather Biuk has been reduced from twenty to twelve members. Two new names now in its list of directors, namely, Mr. Frederick H. Ecker and Gilbert B. Sayres. Tae retiring members are Bayard Dominick, Anton G. Hodenpyl, John Hubbard, Francis H. Leggett, George H Maey and Thomas Russell. During the past few months the bank lost four of its directors through death. In the Hanover National Bank Mr. Bin jamin Perkins resigned from the directorate, to which Messrs, Alfred G. Vanderbilt and W. C. Duncan were elected. Mr. Charles H. Tweed of Speyer & Co. has been elected a director of the Gdllatin National to succeed Mr. Hanry I, are Barbey, resigned. and 28B shares at auction. The transactions in trust comThe board of the National Bank of North America has pany stocks reach a total of 164 shares. Sjveral bank stocks been reduced from nineteen to sixteen members, Mr. William that had not recently been dealt in were sold this week at Carroll, D. H. Houghtaling and H. F. Dimock having retired. prices showing large advances over those paid at the last At the subsequent meeting of the board of the National previous sale, notably First National Bank stock sold at 775)^ Bank of North Am 3rlca, Mr. Charles W. Mors ?, who conas against 616 in July 1904, Nineteenth Ward Bink stock at tinues as a director, was not re-elected to the ofll :© of Vice8453^ compared with 153 in June 1902, and Central Trust President. Company stock at 2,195 as compared with 1,983 in April 1904 In the Citizens' Central National Bank Mc. Dirwin P. 8hare$. Banks -JVew rork. Price. 50 Amerloan Exch. Nat. Bank... 1[2.fi30C^iy Bank, Ndtl.nal...{100 Oommerce, Nat. B^nk of 30 First National Bank 20 Hanover National Banlt 8 Importers' & Traders' Nat. Bs. 50 Irvine National Ba,nk 20 New York, N. B. A .Bank of.. 10 Nineteenth Ward Bank 25 Park B ink, National 273 290-297 223^-230 776J4 531 601 h 224% 826ifl 245 1* 543-561 Trust Companies -ilTew Fork. 5 Central TrustCo 2195 26 Colonial Trust Co 389%-390Jfl 8 Empire Trust Co 240 26 Equitable Trust Co. 675 29 North American Trust Cj 300 10 Title Guarantee ATrns Co.. 622i« 12 Ualted States Trust Go 1503-1526 25 Van Norden Trust Co 235 Tbubt CoiiPXKY —Brooklyn, 25 Kings County Trust Co. 476 -J Last previout tale. Deo. 1904— 272 Dec 1904- 300 1904— 19041901— Nov. 1904June 1904— Mar. 1904— Dec. July Deo. 23318 616 536% 592% 219 28513 June 1902— 160 Nov. 1904Apr. 627'* 1904— 1930 May 1904— 299% Apr. 1903- 180 July 1903 - 710 Jan. 1905— 3l4ifl Nov. 1904- 60058 Nov. lPOt-1474 Oct. 190i- 203 July 1902— 430*« HOf this amount, 2,605 wore sold at the Stock Exchange, amount. 25 shares were sold at the Stock Exchange. 5 Of this Kiagsley has been elected a director in place of Mr. L. A. LsBher, resigned. Mr. Kingsley is Vice-Piesident of the New York Life Insurance Company. la the New Amsterdam National Bank Mr. James McMa- hon retired from the board. New directors in the Phenix National Bank are Robert Thorae, Horace Barnard and McCready Sykes. Reiiring directors are Henry S, Deshon and Milton J. Warner. In the ^;aa National Bank four new m9mb9rs have been added tO the board, namely, H jnry Dankak, J. J, McCluskey, J. N. Everitt and John Schall. The board of the Thirty-fourth Street National Bank has been enlarged by the addition of Hallock A. Penrose, Clinton E. Braine and Curtis J. Baard. la the Consolidated National Bank Jjhn Haflfen, President of The Dollar Savings Bank, and R. H L/nn, binkar, Wash- —Mr. Qites W. ington, D, —The New York Sweetser and Qjalan D. Ashley, deceas^d. In the Northern National Bank, Herman J. Weekhoff succeeds J. Culbert Palmer. McQtirrah, President of the Mechanics National Bank of this city, left yesterday on an extended trip through the West. Security & Trust Company, 26 Broad Bannard is Preaiienl, will on March lat cliange its nim> to the "Naw York Tfu-^t Compa:iy." The orier psrmittiag thd change of its present; tiile was signed by Justice Divid Leventritt of the Snpreme Court in N.xw Yjrk City this wdek, In its eemiannuil statement for D cember 31dt last the New York Security & Trust Company repjrts deposits Street, of which Mr. 0^to T. of $51,407,607, against |48,136.083 siz months ago; and Burplus and profits of $9,504,638 -an iucreage of |365,00 in this item since Jane 80 1904 Tua compaay has also paid dividends for the la3t six jnths at th'i rat 3 of 20 per ceat yearly. ) m C, were elected directors In place of —Among the State institutions the principal changes: Howard following are P. the In the Mechanics' & Traders' Baak Joseph A. WooIIey and Carl Callmau were elected director* to fill vacancies. New directors in the Ualon Exchange Bank are M. 8. Barnat and Htiry J. Luca, who sicje^d J. tJ. Bioomingdale and William H. Baldwia Jr., boih l^ceas)! In the Gi-eeijwlcli Bank Mr. Hju y Rowby has been given a place on th board In the Gan^evoort Biuk Mr.Oh.rles H. K'mball is a re> liring direct jr. THE CHRONICLE. 142 [Vol. lxxx. The only chanpe" to take place in the Chelsea Exchange and undivided profits of over $703,000. Oa Decern* Bank were the election to the board of Mr. Warren E. Hill, ber 31 deposits were $10,427,000. Jnst what started the run Vice-President of the Continental Iron Works, in place of Mr. Richard Renter, and Mr. Darwin G. French of the Arnold Print Works in place of Mr. William A. Hamilton, does not seem to be known. President Richard ventured the opinion that the orusade against small Irresponsible East Side resigned. that locality. —Trust company changes which have occurred this week banks had created suspicion temporarily against all banhg in —The stockholders of the Coar«& Iron 'National Bank of annual meeting ^held on Tuesday of this week elected the following additional directors, making a total directorate of 30 members : IMr. J. A. Middleton, First Vice-President of the Lehigh Valley RR.; Mr. George H. this city at their are as follows: In the Manhattan Trust Company Mr. Robert Bacon has become a director, succeeding U. S, Senator W. Murray Crane, resigned. & O. RR.; Mr. Wm. H. Woodin, Assistant to President of the American! Car[&'Foundry Co.; Mr. Bowling Green Trust Company. The board of the Windsor Trust has 'been enlarged by James A, McGrau, of the McGrau Publishing Co.; Mr. the election of the following as members: Gerald'L. Hoyt, of Henry E. Meeker, of Meeker & Co., coal dealers; Mr, Wil" Maitland, Coppell & Co., and Felix M. Warburg of Kuhn, liam H. Taylor, President of the Goodwin Car Co,, and Mr* David Taylor, 2nd Vice-President of the bank. Identified Loeb & Co. —At the annual meeting of the stockholders of the with this bank, both as stockholders and directors, are some of the leading men in the coal, iron[and railroad interests in Bankers' Trust Company of this city on Thursday the following were re elected directors for the three- year term:lSa£nuel the country. Of the latter might be mentioned the Central G. Bayne, President Seaboard National Bank; James G. Railroad of N. J,, the Baltimore & ^Ohlo, the Reading Cannon, Vice-President Fourth National Bank; E. C. Con- System, the Lehigh Valley RR., and^the^ Delaware Lackawanna & Western. The institution began business only verse, President; Henry P. Davison, Vice-President First about nine months ago, and deposits now are over 3J^ National Bank; John F. Thompson, Vice-President; Samuel million dollars. Mr. John T. Sproull is^President, Mr. A. A. Woolverton, President Gallatin National Bank; Edward F. Lisman, Mr, David ^Taylor, Second ViceVice-President; C. Young, President First National Bank, Jersey ;,City. T. President, H, Day, Cashier, Addison and Mr, W. Lamont, 2nd Vice-President, was also electedj[a director Mr. Dick S. Ramsey has been elected to the board of the Trust of the stockholders of i; the; [Lincoln Company of this city for was held on Tuesday. directors Estate Trust Company of New .York, at No, 30 which has a capital [of [$500,000, now reports surplus and undivided profits of $650,890. The deposits have advanced from $6,522,852 to $7,720,866,;8nd total resources —The Real of the institution. —The annual meeting Campbell of the B. the election {of officers and William|Darrow, made Third Jr., was Vice-President, a newly-created office Frederick Phillips, was elected Secretary, and J. Z. Bray, Assistant Secretary. The other officers are [Henry R.i Wilson, Presi; dent; Frank Tilford, \^ice- President ; OwenJWard, 2nd VicePresident Robert C. Lewis, Treasurer, rand'lEdward Ci Wilson, Assistant Treasurer. The directors!|whose terms expired were (with the exception of Robert|M.'Qallaway,who for business reasons was not a candidate), [re-elected. The company has had a most prosperous year, showing undivided profits equal to 40 per cent on its capitalfstock, and having about doubled its deposits which now stand at over $13,; 000,000. —The semi-annual statement for Dec.;8i;i904 of the Washington Trust Company, 280 Broadway, shows deposits amounting to $10,460,180, which compares with [$9,253,777 one year ago. Undivided profits have grown since Dec. 31 1903 from $452,512 to $505,338 (not including ^a dividend of $15,000 paid to stookholdera Jan. 1st), and total resources from 110,763,753 to $12,024,472. Besides $500,000 capital, the company's combined surplus and undivided, [profits are now The institution is especially [designated by the $1,005,338. Supreme Court of the State of New York[as a'adepositary for moneys paid into court. David M. Morrison^ is President; George Austin Morrison and Pbineas C. [Lounsbury, VicePresidents; Francis H. Page, Second Vice-President; M. S. Lott, Secretary, and H. F. Price, A8sistant[Secretary. —Mr. Vincent Nassau Street, from $7,745,265 to $8,902,256. Mr.;HenryLC.,Swords is President; Mr. H. H. Cammann, Vice-President; Mr, H. W. Vice-President and .Secretary, and Mr, Kleeck, Assistant Secretary. Reighley, Second Charles M. Van —The Brooklyn Trust Company, located at 177-179 Montague Street, Brooklyn, of which Mr. Theodore F. Miller is President, has recently issued its semi-annual statement for December 81 1904, The deposits show an increase of $2,116,778 for the twelve months ($15,855,194, as against $18,738,416). Total resources have risen from $16,741,409 to $19,002,891. Associated with Mr. Miller in an official capacity are Messrs. Frederick C. Colton and Samuel W. Boocock, Vioe-Presi. dents; Mr. Stanley W. Husted, Secretary, and Frank J. W. Diller, Assistant Secretary, —The Franklin Trust Company, with offices at 164-166 Street, Brooklyn, and at 140 Broadway, this city, in its statement for the year ending Dec, 31 1904, showed deposits of $10,492,509 as against $8,037,650 in 1903, a gain of nearly 2^ millions for the twelve months. Surplus and Montague profits increased from $1,562,420 to $1,728,017 and the aggregate resources from $10,701,767 to $13,877,565, —The branch of the Wllliamsburgh Trust Company, at St. Borough of Brooklyn, has been removed to Fulton 861 the ground floor of the new building erected by the company on Falton St, , —The December 31 statement of the Peoples Trust Ga,, Loeser was elected President of the East River National Bank of this city on Wednesday, Mr. David Banks having declined re-election owing |,to continued ill- Montague St. (with branch at corner Bedford Ave. and Halsey St.), Borough of Brooklyn, shows deposits of $15,146,740, as against $11,677,168 on Dec. 81 1903, representing an health, increase of nearly 3>^ millions of dollars ($3,469,571). Surplus and undivided profits have risen from $1,580,436 to $1,- — Daring 1904 the Broadway Trust Company, 756 Broadway, corner Eighth Street, has enjoyed a prosperous business year, Its deposits increased from $2,780,429 December 31 1903, to $4,815,105 December 31 1904. Undivided profits advanced from $59,143 to $35,038 and total assets have risen from $3,924,705 to $5,486,134. Its capital is $700,000 and the paid in surplus $350,000. The institution, organized in May, 1902, has made rapid progress under Mr. M, M. Belding Jr.'s management. Mr. Belding became President in October, The Vice-Presidents are: Frederic G. Lee, Joseph E. 1903. Shoenberg, Marks Arnhelm. John W. H. Bergen and L. 8. Qaimby are respectively Secretary and Aseiatant Secretary. —A run on the State Bank, located on Grand Street, this city, has b?en one of the Incidents of the week. To reassure the depositors the directors on Tuesday night decided to open the bank an hour earlier than usual on succeeding days and remain open beyond the ordinary business hours in the afternoon. The bank ha? a capital of $100,000 and surplus 172 and aggregate resources from $14,324,859 to $17,919,institution is now erecting a handsome new buildThis 939, ing for its exclusive use directly across the street from its present quarters, Mr, Edward Johnson is at the head of the 682,995, company. the last half of 1904 the Morristown Trust Com" Morristown, N. J., gained nearly IJ^ million dollars of pany the amount having risen from $6,050,867 on in its deposits, June 30 1904 to $7,292,949 on December 31 1904. In the same -During period surplus and profits advanced from $1,460,595 ta from $8,122,- $1,572,291, while aggregate resources increased 845 to $9,465,525. The company has paid in interest to its depositors, since its inception in December 1892, $846,172. —Two tional additions to the board of the Manufacturers' Na- Bank of J., were made at this week's members being Mr. Anthony R, Kuser and Newark, N. meeting, the new Henry Dickson. ; Jan. THE CHRONICLE. 14, 1905.J —Mr. Mark Cox has been added to the directorate of Bank of Newark, N, J. —Accompanying the December 31 report of the Plainfield Trust Company, of Plainfield, N. J.,is a little comparative statement showing the company's growth during the year just closed. In the twelve months to December 31 1904, T. Bank. By mergiay; the two institutions with its Westerly branch the Industrial Trust becomes possessed of a large business in this prosperous town. Mr. James M. Pendlslon, formerly Treasurer of the Niantic Savings Bank, becomes Manager of the Westerly branch, and associated with him in its management will be Mr. D. F. Stillman, Cashier of the National Niantic for over thirty years. the Union National there has been an increase of 46 per cent in the deposits, the to $1,182,651. The amount having risen from $806,859 number of accounts has advanced from —The 1,606 to 2,450, while the gain in undivided profits has been at the rate of 18 per cent on the capital, the present figures at $29,835, comparing —The stockholders of the Philadelphia National Bank, of Philadelphia, re-elected the old board and the following new members: Effingham B. Morris, Randal Morgan and R. Dale Benson, -Mr. Edward T. Stotesbury has been added to the board of the Franklin National Bank of Philadelphia. —A comparison of the statements ; —Mr. Chauncey E. Argersinger has been elected President of the National Exchange Bank of Albany, to succeed the late Mr. John D. Parsons Jr. The position of Vice-Presi- National Bank of of Springfield will probably act as liquidating agent. Burlington County Safe Deposit & Trust Company of Moorestown, N. J., with the entry of the new year, has presented its patrons with a "Daily Reminder" for 1905. The book, of vest pocket size, contains a map and atlas of the ; Agawam on Tuesday, voted to place their institution in liquidation. The bank has a capital of $300,000. Its charter expires in April next. The Second National Bank —The ; stockholders of the Springfield, Mass. with but $11,090 a year ago. United States and its island possessions besides information as to domestic and foreign postage, postal distances and time from New York of principal cities, both foreign and in the United States interest laws and statutes of limitations weights and measures, etc., etc. The company has a capital of $200,000, surplus and undivided profits of $115,000 and resources of $1,500,000. Its officers include Mr. William W. Stokes, President and Trust Officer; David D. Grlscom, VicePresident William R. Lipplncott, Treasurer L. Hartman Burr, Secretary, and Charles Ewaa Merritt, Solicitor. 143 of this year & and last of the Farmers' Mechanics' National Bank of Philadelphia reveals decided growth. Deposits January 1 1905 reached $15,726,984, comparing with $13,607,083 on January 1 1904. The surplus fund, now $1,000,000, increased $100,000 during the year, the amount twelve months ago standing at but $900,000. The increase In aggregate resources has been from $16,612,227 to $18,782,943. was this week Mr. John Mason, Transfer elected a director to succeed the late Officer, Ralph F. CuUinan. —Owing to the existing demoralization as to tariff rates, by the new President, has been the City Trust, Safe Deposit & Surety Company of Philadelassigned to Mr. John J. Gallogly, Mr. Charles C. Bullock phia has decided to curtail somewhat its operations in the replacing Mr. Gallogly as Cashier. New members on the surety business. Accordingly at a meeting of the directors board are Mr. John A. Becker and Gibson Oliver. held Tuesday, it was decided to —The changes which occurred in the board of the Na- in States outside of Pennsylvania.reinsure its surety business The transfer will involve tional Commercial Bank of Albany were the election as some 25 million of surety business. The City Trust was one members of Frank C. Herrick, Andrew S. Draper and of the early competitors in the surety field. It has succeeded Oscar L. Hascy, these replacing William J. Walker, dein building up a valuable clientage in Philadelphia and the ceased, and Horace G. Young and Edward A. Groesbeck, State of Pennsylvania, and dent, previously filled resigned. —The reorganization of the German-American Bank of Buffalo was completed on Tuesday, when Mr. Edwin G. S. Miller was elected President and Mr. Henry W. Burt VicePresident. Mr. Edward A. Weppner, who recently resumed this it has decided to retain. By reason of the transfer the company is relieved of a great deal of the exacting detail and expense which has become incident to the business. —The capital of the Mellon National Bank of Pittsburgh be increased from $2,000,000 to $4,000,000, the directors his old position of Cashier, is retained in that capacity. Mron Monday having taken action to this effect. The new stock William L. Koester is the Assistant Cashier. The directors will, it is stated, be issued at book value, and will be taken elected at this week's meeting are Edwin G. S. Miller, Henry by the Union Trust Company of Pittsburgh, which owns the W. Burt, Charles R. Huntley, Loran L. Lewis, Joseph Kain, Mellon National. In its November statement the bank Henry C. Stenl, Gaorge M. Z'mmermin, Michael Neliaay, showed surplus and profits of $881,110; its deposits were Edward A. Weppner, Edwin R. Smith, Oliver Cabana Jr., $21,654,406 and the aggregate resources $28,828,868. The and Henry C. Zeller. It is announced that the $200,000 capiincrease proposed will not only enable the bank to greatly tal of the bank is now owned entirely by Buffalo capitalists enlarge its scope, but it will also place the institution in a and business men. —Suit to recover $763,870 has been brought by Receiver Albert J. Wheeler of the defunct German Bank of Buffalo against the directors of the institution. The charges allege misappropriation of the funds of the bank and disregard of their duties as directors, with the resultant failure. —At the annual meeting of the Rhode Island Hospital Trust Company of Providence on Tuesday Mr. Charles S. Mellen was elected a director. -Mr. William Goddard, President for thirty-six years of the Providence National Bank of Provide?ice, R. I., decliced re-election at Taesday's meeting. Mr. R. I. Gammell, formerly Vice-President, has been elected to the Presidency, Mr. Goddard becoming Vice-President. —The transfer of the stock and business of tha National Bank of Westerly, R. I., (capital, $250,000), to the Industrial Trust Company of Providence was ratified by the Niantic stockholders of the bank on Wednesday. The actual transfer occurred on December 17 last. The trust company some weeks ago acquired a majority of the stock. An offer subsequently made to purchase all the stock at $135, and.in addition, the full amount which would be received in the iiquidatioc, was is to prominent position among the leading banks of the country. Senator P. C. Knox became a director of the back at this week's meeting. — From the exceptionally large earnings of months (amounting to $4,527,530) the the past twelve Uaion Trast Company of Pittsburgh has been able to add the sum of $4,000,000 to its surplus, thereby increasing that item to $20,000,000. On its capital of $1,500,000 the company in tha year jast ended paid 68 per cent in dividends— 15 per cent quarterly and a special Christmas dividend of 6 per cent— ealiing for a distribution of $999,000. According to the Pittsburgh "Gazette" the earnings of the late year compare with but $1,917,848 in 1903. —Mr. Bernard Baker has been elected to succeed Mr. Robert C. Davidson, resigned, as President of the Baltimore Trust & Guarantee Company of Baltimore. Mr. G. H. Hunt, who has retired as First Vice-President of the company, has been replaced by Mr. Eugene Levering. —At this week's meeting the stockholders of the Drovers' Mechanics' National Bank of Baltimore unanimously authorized the increase in the capital from $300,000 to $800,000, reference to which was made in these columas on & promptly accepted, with the result that the trust company December 3, The new issue will be provided for by the represented about 2,250 shares out of the 2,500 shares at this declaration of a stock dividend of 100 per cent. week's meeting. The Niantic Savings Bank, which was in close Mr. Wilton Saowden was this week elected First Vicetouch with the National Niantic, was also taken over by the President of the Mercantile Trust & Deposit Company of iQdustrial Trust at the time of the transfer of the Nationaj Baltimore to replace Mr. W. W. Spence, resigned, — THE CHRONICLE. 144 —Two important bank week mergers announced have been A consolidation uniting the First National and the National Lafayette banks went Into effect this in Cincinnati. The latter institution loses its identity, haviog been absorbed by the First National, which but a few mouths ago also took over the Ohio Valley National Bank of Cincinnati. With its latest acquisition the First National Bank will on Monday. increase its capital from $3,700,000 to $5,000,000. The etock holders of the National Lafayette (capital $300,000) are to receive 114 shares of new First National stock (or $900,000) for The remainder each share of National Lafayette stock. of the $1,800,000 new issue, amounting to $400,000, will go to the stockholders of the First National, who will be allowed to subscribe to it at par in proportion to their present holdings. To such of the stockholders of the National Lafayetto not desiring to avail of the exchange of stock, §340 per share in cash will be paid them for their holdings. Formal ratification of the consolidation will be made by the stockholders jYOL. LXXX. Ilsley, previously Cathier, has succeeded to the office of Vice-President, formerly held by Mr. Reuss. Mr. John Campbell baa become Cashier, and John H. Puelicher Assistant Cashier. —In the First National Bank of Milwaukee Mr. John I. Begga has replaced the late Henry C. Payne on the board of directors. — The stockholders of the German- A.merican Bank of MIIwaukte have voted to increase the capital from $2C 0,000 to $350,000. —The Northwestern Trust Company of St. Paul is paying, than as receiver, a third dividend to the creditors, other stockholders, of the St. Paul Trust Company. The present divldeiid, 20i^ per cent, brings the aggregate up to 83>^ per cent, 63 per cent, as noted two weeks ago, having previously been paid. —An American ExS". Louis, of which Mr. Walker Hill is President, to a National institution, was approved by stead of two Vice-Presidents (Joseph Rawson and Clifford the Comptroller en the 5th Instant. The only change B. Wright) as heretofore, there will be four, Stephen R. Bur- in the title is the addition of the word "National," ton and Charles J. Stedmaa also taking the title of Vice- making the name the American Exchange National Bank. President. Mr. Thomas J. D 471(5 will remain as Cashier, The capital will remain at the present figure— $500,000. The while the Assistant Cashiers will be R. McEvilley, P. E. par value of the shares Is now $50; under the national orKline, Emll Baur and William H. Simpson. The only new ganization the shares will be rated at a par of $100. ( f the National Lafayette on February 14. President W. S Rowe will continue at the head of the First National. In- name among these the Lafayette. of is Mr. Simpson's, who —The other Cincinnati oonsDlidation has been Cashfer is tha"; - — Receiver Robert Lyon of the Citizens' National B.-ink of Ohio, has levied an assessment of 100 per cent upon Oberlin, the stockholders of that iastltatloa. The bank had a capital of $60,000. Its closing on November 28 was attributed to loans made by It to Mrs. Chad wick. Detroit Trust Company of Detroit, Mich., announces the appointment of Mr. L. LeB. Q-oodwln as bond department. — Oa December — Application to dissolve the Bankers' World's Fair Na- Bank of St. Louis, Mo., has been made to the Comptroller, The bank opened in May with |2Q0,0C0 capital. It was organized to condrct business only daring the Louisiana tional arrange! between the Merchantb' National Bank and the Equitable National Bank. Iq this case the Equitable (capital, $250,000) The capital of ihe Is to be absorbed by the Merchants'. latter will be Inert ased $200,000, from $l,000,COO to $l,300,OCO, to care for the stockholders of the Equitable, the terms of sale being on the basis of four shares of Mercbaats' National stock for five shares of Equitable. A cash payment of $132*50 a share will be made to the stockholders of the Equitable who prefer It to stock in the Merchants'. Mr. Mel vlUe E. Ingalls, President of the Merchants' National, will continue in that capacity. Mr. A. S. Rice, Vice-President of the Equitable, will have a similar office in the Merchants'. —The application for the conversion of the change Bank, Manager of its Currency re-extending for twenty years Bank its existence ceasing with the termina- —Mr. Edward E. Becker has been chosen Cashier of the new Trades Union Savings Bank & Trust Company of MemMr. Charles Auferoth P. Hanson Acting Secretary. phis, Tenn. is President and Mr. H, — The stockholders of the Memphis Trust Company, of Memphis, at a meeting held on January 5 Increased the capital from $700,000 to $1,000,000. The additional $300,000 of stock has been subscribed by the stockholders of the company at $150 per share. This will add $150,000 to the $150,000 surplus and profits heretofore existing, so that the capital, surplus and profits will aggregate $1,800,000. The Increase of capital was rendered daslrable by the large increase In the volume of the company's business. —The at a stockholders of the Trust Co, of Georgia, at Atlanta, meeting on Deo. 29 authorized an addition of $260,000 t3 the capital, increasing the 21 1904 the Comptroller of the issued his official certificate the charter of the Commercial National Purchase Exposition, tion of the Fair. amount to $500,000. The pro- posed new issue will be disposed of at $110 per $100 share, payable either in full February 2, or in four instalments of 25 per cent each on February 2, March 1, April 1 and May 1. of Chicago, of —The Neal Loan & Banking Company of Atlanta, Ga,, which former Comptroller of the Currency under President haviu'g amended its charter, changing its name to the Neal Cleveland, Mr. James H. Eijkels, is President. Thd Com title on the 1st inst. No other change mercial National is one of the prominent financial institu- Bank, adopted its new that made in the name. accompanied tions of the country. According to Its statement of November 10, the deposits were nearly $34,000,000, with undivided —Messrs. Percy S. Bosher and L. M. Williams have beprofits of over $700,000. come directors of the Bank of Richmond at Richmond, Va, The Merchants' Loan & Trust Company, the oldest bank Retiring directors of the bank are Egbert G. Leigh Jr., Luin Chicago, began in 1904 to give publicity each six months clen B. Tatum and R. Lancaster Williams. — to a list of the investments of its savings department. Iq its for January, 1905, we find $3,070,000 invested in first class railroad bonds, $409,000 In municipal issuts and $220,000 in high-grade corporation bonds. Besides these se- published curities it list has $1,483,000 In real estate first mortgages, of which $640,000 are on improved Chicago property and 000 on farms in Iliinois, Iowa and Wisconsin. —The directors of the Fort Dearboro National $843,- Bank from $500,000 to $1,000,000. —James C, Hatchlns and Clarence Buckingham have been & Sdvings Btnk of Chicago, to succeed Christopher Hotz and James S. Gibbs, deceased. Mr. Chauncey Keep has replaced Mr. Gibbs as elected directors of the Illinois Trust Vice President. —Mr. re&pectively. —The stockholders of Chicago, at their annual meeting ou Tuesday, voted to submit to the stockholders a proposition to increase the bank's capital — The distribution of an additional 20 per cent dividend to the creditors of the First National Bank of Macon, Ga,, was begun on the 28th ult. by Receiver Butler. This, the third dividend paid to the creditors, brings the total up to 85 per cent, the amounts heretofore paid being 40 and 25 per cent, of the Alabama National Bank of Bir- on Tuesday accepting a bank with that of of the merge business the proposition to the Americ>in Trust & Savings Bank of Birmingham, and to place the hffAlrs of the Alabama National In voluntary liquidation. The bank is one of the oldest In Birmingham, and has oconpied a prominent position among the banks of that mingham, Ala,, adopted a resolution & has a capital of $2tO,0)0. The American Trust Savings Bank began business la April 19(3 with an authorized capital of $500,000, of which $100,000 la paid In. It Is expected that the paid-in amount will be increased to $200,000. city. It Gustav Reuss has been elected President of the —Mr. Dennis Call, Vice-President of the Beaumont NaMarshall & Ilsley Bank of Milwaukee to succeed Mr. Charles F. Ilsley, whose death occurred in December. Mr. James K, tional Bank of Beaumont, Tex., died on the 30th ult. Mr. H . Jan. . Call retired as President of the bank daring summer on tlie ill-health. Angeles Trust Company of Los Angeles, Cal., announces the removal of its banking department on the 3d inst, to new quarters on the ground fiaor of its build iag at 143 South Spring Street. —The Los King, President of the Wells, Fargo & Co. Bank of San Francisco, has been elected President of the Bank of California, San Francisco, to succeed the late William Alvord. —Mr. Homer S. ___^ Sal LONDON. ounce Con80l8.,new, 21* d. 2715,« 28 88»a 88Bie 88T,« p. eta. For aoconnt Baltimore 89B8 10^»» 89% 89% 103% 103% & Ohio 106% lo7 10788 981s Preferred Den. & 98>«, 98»fi & 8d. Paul... 1:6% 136 97 is I36I4 70% * Reading* Phlla. let preferred* 2d preferred* Southern Pacific Southern Rallw., com.. Preferred 16iifl 142% Ji* Wabash 24 32i« 66 421s I4914 "B" Debenture , 64ifl J, 44 49 42i« Si's 81i« 97i« 137 H IS714 70B8 70% 32 41% 6'% 35% 9&^ 66i« S^S 99^ 991a il7is 117ifl 22 69 69 69 284,e5'3 8.349,571 4,53 \8ia 3,407,079 1,26^,785 225.393 89.535,127 9 067,828 189,414,103 87,081,4 10,2S 1,677 147 459.178 8 ',3-17,"9l 82,04-1. IH10.H17,|7fl 174.811 57C fl ' f,m 202 »4,»'<i.0u^ 16 153 4^9 4,714 800 42.090 66 J 4.653,907 6,576.468 ..,.4^-, >., l.'-OO ...-^ 2,971 10.142 ... Orleans..,.,.,, 725 829 N. J. tquar.) Central Great Northern (qnar.) Hant. <& Hd. Top Mt. BB & Coal, Nash. Chatt <& tji. Louia Norfolk * Western, pref Union Pacitio, oom. and prel Street Railtvays. Brooklyn City RR quar ) 2 1^4 pret. 2H. 2H. 2 2 WUeat bush. " 53'^,l:<5 aye 43I4 67I4 r 3.SI4 , Jan. eiadiliag 30 •ortiana. Boston Feb I'Jan 21 1 Jar 24 Feb Jan 25 Holders llJan 22 Feb Feb 17 Hollers Apr 1 Feb 24 Jan 10 15 Jan 5 On dem. Holders Feb Feb 2', Feb i^ Jan 77c Jan Feb Jan 1'4 , Michigan -^tate Telephone (qaar.) Honongahela Riv.Con. Coal <& Ooke.pl. Paciflo Coa^t (all classesi PlttBtjurgh Joal, pref. (quar.) 1'4 , naleis-^'iy Messrs, Mar Feb 1,0^3,246 12&,3t>7 37.165 48,611 to Jan. 7 2..MO1.M2O ** ~ 6.207.819 "7,815,104 079,307 4,«3La70 4fl^8H6» 8.8"2 205 27,165 1002 1908. 8.6.039 1904. 725.829 ^.^t,ns^2 uumpare as 3,870,875 757 645 l,6<3i73 155, 6?0 1,9*1:^49 181.851 40,808 11.866.906 6,058,171 1,48.5 a^-s.rtft^ .. U: 577,877 83,«33 bush. bush, 13 0.5 9 013 285>66 4X8 1614 S98.0<i6 3irt,570 62.^51 32.364 191,863 2,9'i *«jti .si,7i7 bbls. 120,0r0 66,980 tutk r\.tn, %«> % 8,385 480 6 20 15,6> iaiTtttou Feb Feb Jantlneni Lind Co. .$34 lT'X-.8Land Syndicate. .$17 1 Tex. Lan 8va<11. No 2 $i00 9 L^cka O <al & Iron C>>.. 20 20 Uiilted Wine & Trading t N Y. City 28 Na-. Bank. 601 '180 Amer. Exoh Nat. Baoh.273 25 Nat. City Bank 29 I4 & Trad 12 U a. Trust o 1506 1526 25 Kings Co. Trust Co 475 5C-niral rraot Co 2196 83 Sauj^erites Manufg. Co. '-i5 ea ..$ ^s per eh. Feb 1 Feb 9 1 3 Id 14 18 Si db don 1 Jan \i Jan 24 Feb 1 Jan 16 Feb 28 D>«l. ,00 68, > B^y Soa-e Gas Co 1 . 1004 . 1.688 0?6 673,437 Wheat. 17,256 8,397 17.286 8,397 -> ginee July Jan, 7 1, 230,3-'9 7,0 6.857 11-04 723.^16 3,d00 7,993 8«('li9 664,4 6 bo: 06 ],4t6 188,817 3,49H933 811,il«0 0.130,0o6 1,647,0*9 4.115 — -Corn, rrttb Bint* July 1. 1904. Jan. 7 buiilt. 23S316 1,513 168 10,193 398 l,110,»cH 10197,330 1.8M3 llS,8t4 26.6^8 8,816 53 415 53.414 1,'83 89 670 8 7 2,657.450 9.7.409 81,1«8.921 38,126.031 7,''e3 46.481.;i6J H'7,3a8 The nslble supply ol gxaih, comprising the stocks in granary at the principal pointa of accumulation at lake and (•aboard ports, Jan. 7, 19U5, wskk as follows: In store at— New ror» .. Do aQoat... Boston Philadelphia Baltimore New jr.aant iaifeiton .H,. , .^ anoat.. .... afloat.....^ kltaco 186.' 00 000 863 000 419,000 753,000 1,6)1,000 J ^ i;,ki«4,i00 M 172 OOO 611 000 10 '00 4,121,000 l.eOI.LOO 2a7 uo IIO.OOO 713.JO0 019.O00 184.000 93, '00 23,000 2.0C0 301,000 117,000 151.000 SO'iO 1,032,000 aM3,J00 494.OU0 491,000 804 000 45,000 8,202,000 944.000 6,000 17,000 '28,000 2,866 UOO 8,935 000 463,006 804.000 64.000 56J,00d '80,000 236,000 8,757.000 170,000 409,000 5,6^8.000 7H.030 0,000 1,879,000 :m.ooo «floot 2,776 000 ], 419 afloat mnneapolii... Uoali n 000 . .... . 14 BOH.OCO 8.167,000 36,000 - • . . 182,000 160.000 l,o,.5,000 afloat..... ^•ntaiOltir Peoria 1,881.000 1,000 (ndunaeolli .^, > MiitiiiippiBiTar )s[<akei .... )a f»n&u,nd rirer. Jan 8y«.>oo Ob.OJO 161,000 1,664 000 4,1 U>,O0C Total Total Total Total Total • afloat Dalath Do Iu2,ou0 401,000 i»l 97 000 k«th. '13 000 Fort William Port Arthur Uu **>sh 1,469, 100 afloat Kllwankee 0" XtS. 634,000 . Detroit „ »U()> ..^ .m...... 'oronto *nlalo Do 0«r«. «tt<h 1,822.000 ^ ...< Aoaueal Do IV*t*t, 242.000 7. 42 1.000 650,000 l«ft,oi)0 1.341 ii>0 200,000 67 000 2i,''O0 1,0 jO 3,000 2.038 000 1.9-3 000 6.754,000 6,908 000 , of 90 1.S60 •^Ut' 83,792 82.099 4.^b« 16,294 bbS ^ rot» Total 1908-04 ^ -> b: ir.M.Am Oolo'i nker eonntrtei uo Ino'tme bonis, '39. $640 lot Onion Ferry Oo. let MAN Jan. 7 0. Ameriea. Indies..... "0 Stocks ,00<i A 1 HinKdom Toledo . 25 Van Norrteu fraet Co. ..235 10 Nineteenth Ward Bank 245i« 3 '0 29 North A'uer Tr. Co 631 20 Haoov'-r Nat Bank 240 8 Empire TrUHt Co 75 N-it. B^ok of C .m.22«i4 228% 27 Am. Type Koii-.d Co.,pr. 40 Bonds. $V,000 Dak'>'a cent. RR. let IO714 68, 1907,M<S3 $ ,6<8 90 'JuclKe" Co. Class "B" puro.mon. bds.. '11.51* lo f ^00 Corp. of Cham, of Com. Big. Fund sabs ioc.bond.. 41 ^s.OOO P»terH<>n Ry.Oo.oons. 6s, 1931, &0 lis & Int. 50 Irving Naf. Bauh ^24% 80 First Nat. Bank of N. Y, 7 /.M4 110 Title Gu,r & iTUStCo .622 "s $ 35 Nat. Park tJaok 5 43-5">l 25 Eqnltable Tr CoofN.Y.«75 $ [25 0o.onlal Trost Oo.389%-390i« 20 Bank of N. Y., N. B. A..825is 42.977 64.470 Vteb Ten 1 Jan 16 Jan 14 to ~128217 Hour. le— Jtny Jan 450 927,459 t8?(,385 2,657 AiSMrtt f»r mtth anil tin$t iaiteii Jan IS to of reo. 8.0S7 89.498 week 1 Jan Jau Jan Jan 102 "i;4*i4 2.813 78 000 »*obti« Jan 14 Jan 16 to of reo Jan 14 of reo. of reo. ol reo. to l,u3i 10,8u0 68V<!5'< Same time '04. 1,647,049 3i.8i0 18,1 28 31 1.370 fco destination ot tiieas eApcrta for the week and sinoe Jnly 1, 1901, iiai below: Mar 22 15 Holders of reo. Holders of reo Holders of reo 25 Holdeis of reo. to 25 Jan 19 to 1 Jan 16 25 Holders of reo Adrian H. Mniiur Stoi ks. i 17,286 lfl0.-<18 781.690 ie98i8 Uw Orleans.. Jan 31 to to of reo to of reo, to ^^ Jan 16 Railway Equip. Corp (mlhly) (No. flQ) U.S. Cast trou Pipe <fc PVnnd pf (qu.) Co. of 8,397 52'».135 1 •• 'feUadelphla Fire liiaiirance. American Braybuiihuur, prel. (qnar.).. Consolidated Oar Ueaimg E'llson Bleo III Boston iqnar.) 3 Imp. 4.756,871 l,Sbi:i8i •' »«ItliBor« Miscellaneous. fco. 7,234 _ ti< aaveral soeiuoard pon.» for the week 1903, are shown in the annexed statnmenl: Pt*» Oati, Oat«. HiiH, Barley, Flour, 7, ax9$rtt trotn- Hew York. 9*89 22 431s 681s Banks. Herchantfi, Brooklyn .- iH,H6a 3,087 _, The ezporti from 99 Sooks Closed. (Days Inclusive.) Jan 16 Jan 13 is Feb ij Holders Feb 1 1 Hollers 21a Jan 20 Holders 1 Holders \h Feb iSi Jan 31 Jan 21 , & Tex ' 781 J8t,ln4 71, 66 Total sraln ...^ 1.091 6,816 1,072 6,187 ;<i6.l0a 8.093,596 Oats Barley Total 21s pref (guar ) Kast St Louis (III ) Sntixirban (quar.). Federal 8t <S> Ploas. Valley, Plttsb Grand Rap. (Mich.) Ry., pref. (qniir ).. Mil. Elec Ry. & Lt preJ.iqu.) (No. 21) 1 W. Y. 22,3^4 '3V,000 1905. 264.836 •• 13..i3J 'ib.soj 264.838 44T,4U» 200 '2«.4rtO 14 1 Ma* Ik 182,400 M6S3 191.-63 1,373 2 "J 3.200 67,92 J bbls. 4t.John, N.B, Per WTien Cent Payable, of Auctlun S-^.v-Or _,. 1,464 ....„ Com Railroads (>^team). Home 676775 20, 29,493 • 4 f 54''1,142 704 416 2,043 jtunsv. 'Just, kutD it. dorfolk of Company, By •1i.'25 1:^7 24Q.OO0 to HS3 8 132 10,616 of— Receipts Floor I»IYII»BN»S. ) liij.OOO 17,72.! "si'io , ". PS8.475 199,nO 25,220 B / -^i«, .1 . . I'otai reoi'tipt* at (lottBuomJ^tfo"owB for four years: >ia 47 44 69 Vb h 2A0 529 63.319 41.6 fl Total woek...,^. Week 1901 „., X.0% 9*% V .•• kM* IlS.flSS . ©jommtrcial and ||XtsccUaticoxx6|f]lemg Golnmbus (O 6,600 93,752 165,155 ••w»rtN*wi RB 88,700 90,000 U , Price per share. Name ' *•• 6,400 1 104,006 Galveston ..,;... Montreal ...,,.,., Mobile 81. John, »J B....... 42 81 96 143 70 ^2 65 New 43% 4 1 100 431s 95.2 • • • 1,041,747 -....,««.«^ Baltimore 6434 100 30 43ifl 2f2 000 285 3 JO 8,150 75.000 1.926,128 Richmond 100 301a 4314 20^9l0 8.813,74:- Ntwpoit News, l)7is 43ifl 813 '0 4.M65.303 <)0>s nsH 22 m 834.544 2^8,6 4 984 49 ] 83 9919 11778 94% 400 23 874 2 955,B15 Boston »»M Portland. Me Pniladelphla ,....>.>« 32 36 99 3tJ 183.740 7t,7o0 6,093,461 i»«r, 79 "s 63 HIH 97^ 67% 114,12 28 ;,ao J 207.673 277.650 at— Receipts I62I4 14{>« 231s 141 7088 411s 471s 431s 671s 25^.397 13.800 365 4)0 S4.dao 12.000 Kansas City. Since .dug. 1. l9r4-6 •<2i« 44 971s 1371s 7088 11.100 2.679 9.P80 ... Loalf.... Peoria St. 887i8 8S9iH 2^ 1761* I4WI9 4238 81»fl 4714 431s 99i« 3014 941a 32 82,3S7 181 45J 883.000 60 161 1.4l<!.730 ib«. 84,000 8,000 17,952 18.000 2,800 New York 321s OS's 641a 44>a 148 >« 4S38 4714 43i« 56I4 301s 94ie 259.H50 4?3.7 9 585.475 209.000 14 54' 9819 13638 48^8 791a >« 42 100 101,440 <••.*•>. 700,260 114,424 Tno receipts ot dour aj<i gr^iu at the seaouard ports for the week enasd Jan. 7, 1905, tollow: 63 163 144 24 241s 3?.'8 2,94fl,700 By*. <u«1.4H lb] BU.S6 10w% lOi% 33 8S 40 «s 163 <« 144 47 14 43]fl 328. '^00 2,400 27u7, 89ie .'.3^ 62% 42 22 Preferred 14 25 3214 118,268 4).«50 Toledo Cleveland Banev. oatt. Buth.OO Iht >*tuh.Mlb» £ua/l32lb Minneapolis. I»i8.3 176% 79'« 41 -^S 4714 43l« 100 Preferred U. 8. Steel Corp., com.. 29% 94 Preferred.... * 160>4 116% Pacific 98 »a laeH 80 63 8038 68 Milwaukee.. Dalnth 5»8 LOdis 981s 13688 49i« 33 88 40 Sg 40 ''8 Chioago dom. Wheat. risur. Bil>i«.lB«ibi 1903.4 1071« 33 14 88 >s 4iie 88I3 lUeeipU at— Same wb. 'L'4. Same wk. '03. 9807i« 02151 8988 103 4938 23 177 23 > 89% &938 103 176i« 33 89 41 »0 63 2d preferred 159 Illinois Central Louisville & Nashville. 113 23% Mexican Central Mo. Kan. & Tex., com.. 321s 65 Preferred 42 Nat. RR of Mex..l8t pf N. Y. Cent. <fe Hudson.. 149 N. Y. Ontario & West-. 4238 8II4 Norfolk & Western Northern Securities Ponnsylvanta 49% 176lfl Erie, common Ist preferred Preferred lci6i« 4938 23 14 Rio Gr., com.... Preferred Union 98 89>s 89ifl & Santa Fe. Canadian Paolflo 135>s 49 14 Chesapeake <fe Ohio Chic. Great Western... 23I4 Chic. Mil. 97-9!ii« .»8'05 89^ — Breadstaffs Figrares Brou^bi rrom Page 175. The statements below are prepared by us from figures collected by the New York Produce lixchange. The reoelpte at Western lake and river ports for the week ending Jan. 7 and since Aug. 1, for each ot be last three years have been: Tot. wk. 1906 *V». 279i8 8838 88>s 588 Anaconda Mining Atch. Top. Preferred 2788 887,6 889x6 27l3i6 885ig 887i« 97-90 Fr'ohreiite8(lnParl8)fr. Spanish 4s Thurt, Wed. Tues. Afon. 145 OOtTOlt finelUli Financial markets— Per Cable. The daily closiDg qaotations for securities, etc., at London are reported by cabin as follows for the week ending Jan. 13; Silver, per . THE CHRONICLE. 14, 1905.] account of , . 19C5...40,8«6.000 Umo. 31, 1W04... 41.619.000 9 1»C4...40.<:00.000 Jan. Jan. 10, 1W03,. .50.116,000 Jan. 11 1902.. .58.077.000 lO.m <,000 9,577. JOO 8 000 .8 2.000 n, 700 000 0.795,000 11,043,000 4,537 000 4.64>,000 <0»^ 1.8J<*.000 l..<i».0O0 3.409 000 6,.irt9,OO0 2 5C3 000 2,149.000 THE CHRONICLE. 146 New York : City Clearing House the week ending Jan. condition fca: age of daily results. We omit two Bauks.—Statement 7, 1905, based on aver- Surplus. Loans, Specie. Legals. — New York City, Boston and Philadelphia Banks. Below of the weekly returns of the Clearing House Banks of New York City, Boston and Philadelphia. The New York figures do not include results for non-member banks. is a summary ciphers (00) in all cases. BANKa COS omitted. Capital. of [Vol. lxxx. We omit two f Capital A BAIfKS Surplus. Deposits Loans. ciphers (00) in all these figures. Legals. Specie. De- Circu- posits.f lation. Clearings. s've. ' $ Bk. of N. T. Manliat. Co. Merchants' Mechanics'. America Phoenix ... City Chemical „ Merch. £x . Gallatin But. & Drov Mech.t&Tra. Greenwich A'nT^r.Tr.tf.h Commerce.. "Mercantile Pacific 'Cliatham ^People's ijr. ... ... America Hanover ... Irving Citizens' .. Nassau Mar.<fe Fnlt. iShoe (fclithr. Corn Esoh . Oriental ... 'Imp. & Trart Park East River Fourth _.. Second „„ : First .. . N.Y.Nt.Ex. Bowery N. Y. Co German Am Chase .... FUthAve.. German Ex. G^rniania Lincoln Garfield Fifth .. : ,^ ... Bk. ofMet.. West Side.. Seaboard .. IstN.Bklyn Liberty N. y. Pr. Es New Amst. Astor ; Total ... 2,000,0 2,050.0 2,000,0 3,000,0 1,500,0 1,000,0 26,000,0 300,0 600,0 1,000,0 800,0 7O0,0 500,0 6,000,0 25,000,0 3,000,0 422,7 450,0 200,0 2,000,0 3,000,0 1,000,0 2,550,0 500,0 1,000,0 1,000,0 2,000,0 750,0 1,500,0 3,000,0 250,0 3,000,0 300,0 10,000,0 1,000,0 250,0 200,0 750,0 1,000,0 100,0 200,0 200,0 300,0 1,000,0 250,0 1,000,0 2,660,5 2,471,2 18,768.0 l,4iiS,9 13,548,0 22,894,0 22,166.7 3.386,0 167.197,6 26.933,4 5.847.4 8.965.7 1,891.3 4.722,0 3.043,5 30,512.9 149.175.3 23,510.2 3,233.6 6,265,7 2.087.1 10,405,0 49,144,9 6,757.0 17,445.0 2.843,2 6.775.6 7,123,0 27,927.0 7.407.5 24.241,0 68,619,0 1,133,6 20.952.2 9.042.0 100.O37.2 8,120,1 3,266,0 4.768.4 4,042.6 43,578,9 10.161,1 2.426,1 S.3P0,8 3,641,3 261,1 17,003,0 7,701,6 375,6 2,233,0 127,6 384,6 537,7 4,139,8 11,667,4 4,481.2 631,7 1.081,3 418,0 2,049.3 6,774,7 1,091,4 697,2 323,1 1,335,9 380,7 3,298,7 1.096.9 6,703,3 7,076,4 134,2 2,999,0 1,460,2 14,3i;8,0 874,7 7?2,) 672,5 542,7 4,180,6 1,797.4 697.9 879,4 1,395,5 1.306,3 396,0 1,440,2 611.9 1.431,4 596,2 1,94«,4 491.9 561.1 582,0 ' 200,0 500,0 300,0 1.000,0 1,000,0 500,0 350,0 3,104,0 6,966,0 2,885,9 6,406,0 28,.'?46.0 4. -28 9, 498,0 32.070,6 6.292,6 1.115,8 1,325,2 619,2 689,0 643,0 4.481,2 23,566,8 8,613,6 692,0 852,3 600,0 1,853,0 10,310,0 877.3 4.458,3 426,6 1,329,0 1,871.7 4.547.0 1,434.3 4,129,0 13,714,0 255,:^ 8,250.7 1,128.0 22.406,2 1,519,6 397,0 973,7 835,2 11.174,2 2.687,7 225,0 446,5 1,194,6 1,538,5 513,9 ^'§?§'^ 643,0 2,945,0 582,0 2,440.2 1,076.3 1,437.0 925,0 2.ii98,6 13,960,1 7,675,0 2,577,9 8,504.2 3.729.0 15,024,0 4,005,0 11,5M3,2 6,171,2 5,765,8 4,649,0 $ $ $ 9 •: P.O. 261 1,684,0 18.126.0 2,633,0 84,666.0 2; -6 1,373.0 16,711.7 26-4 2,833,0 26,543,0 31 2,240.9 24.243.7 26-y 2,791.0 24-7 194,0 9,207,3 160.227,3 25-7 1,870.2 26.742,2 2b-V 6.447.5 26-4 690.6 7.058,7 2b0 510,0 2.689,2 2b'V 99,6 661,0 5,417.0 24'9 311,8 3,037,6 28-1 2,286,8 24,383.7 27 7 13,542,5 137,987,8 26-8 1,300,5 20,212,4 243 452,6 4.333,9 24-1 6,547,0 2^2 930,9 281,6 2,808,3 3l'4 2,165,0 16,671,7 2t>'6 4,693,3 69.488,1 260 431,2 6,040,0 21-B 1,111.2 21,555,2 2i:>-8 376,0 3,685,9 2l-V 689,2 7.085,3 28-4 422,7 8,647.2 26-6 3,784,0 34,337,0 24-2 645,6 7,726,4 26-9 1,429,0 21,877,0 25-4 6,216.0 78,088,0 20-6 202,6 1,488,3 30-V 2,630,1 23,490.4 24-6 1,873,0 10.250,0 29-2 2,832,1 95,629,0 26-3 405,6 7,582,9 25-3 365.0 3,715,0 20-2 486.8 5,889,8 24-V 202.8 4,048,6 25« 1.740.4 61,340,1 25 269.0 11,352.7 260 872,0 4.025,7 27-2 827,9 6,597,3 2V-V 2,308,3 15,110,1 23-1 319,0 7,745,6 23-9 161,5 2,700,8 24-9 971,6 10,257,6 2o-3 377,0 4,178,0 24-4 1,430,0 17,488,0 250 797,0 4,329.0 31-8 249,(1 10,306.1 26-0 436,9 6.745,5 26-3 435,9 7,117,4 26-3 3U,0 4,G05,0 26-8 115,972,7 135,482,5 10697427 203,684,0 86,216,4 11091686 26-0 t t Total United States deposits incluaed, ,f 22,791,200. Reports ot Non-3Ieinber Bauks.—The following is the statement of condition of the non-member banks for the week ending Jan. 7, 1905, based on average of daily results. We omit two ciphers COO) in all eases. N.Y. Dec 17 Deo 24 DecSl Jan 7 251,160.4 251.160,4 261,160,4 261,160,4 s $ 10600577 211.142,6 77,483,4 10961175 42,780,5 10574302 210.406.5 78,370,6 10941155 42,866,9 106117012 208.554,8 81,140,9 11040491 43,145,3 10697427 203,684,0 85,216,4 11091686 43,172,4 Bos. Dec24 52,635,4 182,833,0 Dec 31 52,635,4 182,372,0 Jan 7 52,635,4 184,381,0 6.326,0 213,491,0 6,884,0 215,302,0 6,950,0 227,389,0 17,640,0 18.681,0 19,980,0 PUila. ; — Imports and Exports for the Week. The following are the imports at New York for the week ending for dry goods Jan. 5 and for the week ending for general merchandise Jan. 6 ; also totals since beginning first week January. FOBEIGN IMPOETS. For week. 1905. Dry Goods General Merchandise TotaL Since Jan. 1903. 1904. Capi- Sur- Loans & tal. plus. Invest- Specie. $2,271,667 5.490,519 $3,493,120 10,092,164 $2,763,217 9,086,584 $13,914,063 $7,762,186 $13,685,234 $11,839,801 $3,270,077 10,643,976 $2,271,667 5,490,519 $3,493,120 10,092,164 $2,753,217 9,086.684 $13,914,053 $7,7i;2,186 $13,585,284 $11,839,801 I. Dry Goods General Merchandise Total 1 week.. of dry goods for one week later will be found dry goods trade. The following is a statement of the exports (exclusive of; specie) from the port of New York to foreign ports for tho week ending Jan. 9, and from January 1 to date. The imports in our report of the EXPORTS FBOM NEW TOBK For the week FOB THE WEEK. 1904. 1903. $9,225,597 $10,207,630 $13,352,672 $9,096,671 $9,225,697 $10,207,630 $18,852,672 $9,096,671 1905. ments. &Bank Azotes. Clear'g Ot/ier Total 1 week Note.— As the ligures of exports as reported by the New York Custom House from week to week frequently show divergence from the monthly totals, also compiled by the Custom House, we shall from time to time adjust the totals by adding to or deducting from lie amotint "previously reported." The following table shows the exports and imports of specie at the port of New York for the week ending Jan. 7 and since Jan. 1, 1905, and for the corresponding periods in 1904 and 1903. EXPOBTS AND IMPOBTS OF SPECIE AT NEW YORK Gold. Agent. Bks.&c Colonial Columbia .. 14th Street. Gansevoort. Hamilton .. Mt. Morris Mutual 19th Ward . Plaza Biverside .. State 12th Ward Ward .. Yorkville .. 23d Fidelity .... Jefferson .. Century 100,0 300,0 100,0 200,0 200,0 250,0 200,0 200,0 100,0 100,0 100,0 200,0 100,0 100,0 200,0 400,0 100,0 100,0 1,000,0 264,8 318,6 120,5 89,3 140,4 114,4 221,7 215,9 253,0 109,3 767,2 126,5 111,6 298,9 126,2 328,1' 65,9 141,1 137,7 1,000,0 1,117.2 626,2 750,0 62.5 Chelsea Ex. 100,0 ... Wash. Hgts United Nat. ConsoL Nat. Union Exch $ !6.7 2t'T 28.4 70.6 823.0 870.4 16.7 102,7 18,2 190.0 11.6 137,5 38,4 31,5 193,0 24,8 437,0 43,0 06,0 149,9 231,3 44,0 fe.o ie,6 633,4 24,1 18,8 23,3 622,6 25,1 48,1 69.4 513,3 275,6 338,4 395,6 3,609,6 213.0 254,0 3.5 5,061,0 69,5 30.7,1 225,0 2,336,2 44,4 84,4 ...... 846,0 99,4 354,5 105,0 2,784,3 140,8 131,5 77,2 2,174,0 127,1 132,7 290,0 4,008,2 140,6 304,8 100,6 2,694,8 108,7 311,6 55,7 3,265,4 272.7 130,0 55,9 3,040,4 199,4 134,7 2,b28,5 561,1 186,0 278,0 3,649,0 116,5 81>,4 197,2 1,536.4 271,0 319,0 2,121,0 10,503,0 176,0 205.0 2,251,0 i9i.7 2,020,4 173,7 137.0 241.7 1,194,6 720,0 5,420,4 77.7 98,6 1,339,7 255,3 il5,2 2,534,8 241,9 Morough 0} Brooklyn. .Broadway . Brooklyn .. ; Mfrs.'Nat.. 'Mechanics' Merchants'. Na.ssau Nat Nat. City .. North Side. 150,0 300,0 252,0 500,0 100,0 300,0 300,0 100,0 Peoples 17th Ward. 1(X),0 SpragneNat Union Wallabout Borough ... Borough ol Richmond. 21)0,0 100.0 200,0 lstNat.,S.I. 100,0 . 100,0 2()U,(J 350,4 172,9 58.'>,4 469,2 63,0 760,8 598,3 169,7 181,8 95,3 245,4 113,6 94,0 96,2 1,822,1 2,334,4 1,821,2 3,608,5 7,400,9 1,299,0 5,279,0 3,072,0 1,291,7 1,039,5 7i4,6 1,445,0 1,137.9 798,7 34,6 21,7 130,5 213,7 221,8 27,4 200,0 151,0 19,8 65,7 14,5 147,0 55,3 56,1 108,3 178,6 70,7 156,0 119,2 357,6 200,2 614,0 60.5.7 1,001,1 87.3 132.1 346,0 394,0 89,1 121,7 940.0 S9H.0 63,7 25,0 110,7 30,7 42.4 114,1 8l»,2 2u2,0 152,0 19,1 44,6 1,894,4 1,7 •^.659,5 122.9 61,4 98.7 107,2 32,0 96,0 169,3 122,5 45,5 35,0 432,9 95,4 2,079,6 4,343,3 9,256,4 1,561,0 6,791,0 4,099,0 1.381,9 1,851,3 703,6 1,301,0 1.603,4 828,6 Hudson 116,5 860,9 43,9 400,0 1,082,3 4,382,4 169,9 660,0 261,9 294,4 2,055,6 1,079,2 1,401,6 107.7 70,0 30.4 1,260.4 2,844,5 89,7 162,9 10,0 810,7 107,7 330,9 1,953,0 1.520,0 0,858,4 87,2 18.4 67,2 458,8 3)8,6 620,4 2,191,0 1,150,5 1,832,0 29,9 37,1 76,4 185,2 (;o. National . Second Nat. Third Nat.. 250,0 2.50,0 200,0 249,6 10,3 4,9 HOBOKEN. First Xat... Second Xat. 1 Week. Since yon. 1. ... Indies Mexico .. South America ...... All other countries Total 1905 Total 1904 Total 1903 Silver. Great Britain France .. $823;370 $8'23',3y6 solobo 3,000 1,250,000 250.000 so'o'do 3,000 $3,500 2,333 20,645 2,383 26,246 1,250,000 $2,356,370 84,591 22,914 $2,106,370 84,591 27,014 $637,598 $452,758 2,817 "2,817 ""$3^19 2"i5,5^0^6 6,575 £2.805 $6,5^75 2^i5',5b'6 $766,921 902,595 884,794 ? 671, 081 *29.699 25,719 14,683 $6,576 25,719 14,583 it;32,100 625,19>< 264,646 $26,478 625,198 264,646 ........... Germany West Indies Mexico South America All other countries Total 1905 Total 1904 Total 1903 814,450 975.094 Of the above imports for the week in 1905, $11,800 were American gold coin and $301 American silver coin. Of the exports during the same time, $280,000 were American gold coin and $2,r)00 were American silver coin. Auction Sales. —See page preceding. Spencer Trask & Co. Monthly Descriptive List of High-Grade INVESTMENT BONDS. jEnSEYClTY First .Nat... 1. Great Britain West $ 667,5 644,2 414,9 2,938,9 4.929,0 3,627,3 836,1 2,115,0 1,947.2 3.514,7 2,415,7 2,524,8 2,938,0 2,185,2 3,354,0 1,271,0 7,760aJ 1,786,0 1.577,0 3,984.6 2,210.2 2,li8,2 Since Jan. Week. liYance $ iMPOBTS. Deposits N. Y. CITY. Boroughs 0/ Man&Br'nx 1902. Previously reported.. Net Leg. T. 1902. $3,270,077 10,643,976 EXl'OUTS. BANK.S. 134,989,9 109,614,7 178,478,9 7,390,0 7,392,0 7.401,0 Dec24 48,167,1 215,456,0 61,410,0 251,245,0 11,967,0 129,671,6 Dec 31 48,167,1 214.086,0 63,714,0 252,786.0 11,986,0 106,861,1 67,284,0 Jan 7 48,167,1 213,028,0 257.728.0 11,979,0 123,917,4 t Including for Boston and Philadelphia the item "due toother banks," and also Government deposits. For Boston these Government deposits amounted on Jan. 7 to $3,745.000 on Dec 31 to $3,745,000. Deposit with OOs omitted- 1,909,776,1 1,680,795,4 1,382.620,7 1,856,423,8 110,0 125,0 638.2 160,7 79,1 522.7 1,285,0 3.170.1 Tot. Jan 7 102370 127677 1033670 4,548,3 (i.231,3 141776 S.712,6 1201746 Tot. Dec 31 102370 127677 1023328 4,604,7 6.090,6 145402 8.346.6 1183427 Tot. Dec 24 102370 127677 1028765 4,721,1 5,960,9 125810 7,610,6 116340G Transact a general bankinor business and execute stock and bond orcters upon the New York Stock Exchanofe. Branoli Office, Albany, N.Y. William and Pine Moffat & St?., New York. White, members New YorU 8tock Exchanse, 1 N ASSA U STKKET, COKN KK WALL. IDcalers in Investment §ccnrities. ', Xcl^ eaSfi.'SSSl CortlandU Telephone StookH a Speeialtr. 31 Jan. THE CHRONICLE. 14, 1905.] ganlijers^ For Dividendt tec page Kansas ©a^jettje* 147 & Texas issues and strong features. United States Steel 58 have been United States Bonds.— Sales of Government bonds at the Board include $3,000 8s, coup., 1908-18, at 1045^, and $1,000 145. 4s, coup., 1907, at 1(15%. The following are the daily WALL. STREET, KK-SDAY, JAN. 13, l»05.-5 P. M. closing The Monpy Market and Fmaneial SJtaation. -The mar- quotations; for pearly range see third page following: ket for securities is decidedly dull and weak and is thereZnttrsst Jan. Jan. Jan. Jan. Jan. Jan. fore disappointing to those who looked for renewed activity Fsriods ? 9 10 11 la 13 and an advance in prices to follow the advent of the new ««. 1880 registered -Jan *104'a '30419 *104»a IO419 *104%*104ab year. There seems to be a hesitancy on the part of capital- So,19SO...........ooapon -Jan *104>i2 104 »a 104 J» 1041s *104'^*104'b ists and investors to enter the market. At the same time tfl,1930,8maJ.regi8tered Zs, 19S0, small conpoD a good deal of discussion of prospective legislation and of tbe interest of the Executive in some of the measures proposed. That the hesitancy mentioned is in part at least due to this discussion seems to be apparent — indeed it is difficult to account for it otherwise. The open market rates for call loans on the Stock Exchange during the week on stock and bond collaterals have ranged from to 23^ p. c. To-day's rates on call were l?^@2i^ p. c. Prime commercial paper quoted at 4(343^ p. c. for endorsethere is Ss, 1918. .registered is, 1918........... oonpon in Congress I % ments and 4@43^ p. c. for best single names. The Bank of England weekly statement on Thursday showed an increase in bullion of £824,528 and the percentage of reserve to liabilities was 44-52, against 34-94 last week, the discount rate remaining imchanged at 3 per cent. The Bank of France shows an increase of 6,9 0,000 francs in gold and a decrease of 3,100,000 francs in silver. HEW YOKK OITT OLEAKING-HODBa BANKS. Difftrtncu 190S from Jan. 7 prtvioua vttJt 1904 1903 Jan. 9 Jan. 10 f S Okpitftl 116.973,700 Snrplns ....... 136,482 500 Loans A dlsooants 1,069,742.700 IHO aireulatlon. 43,172,4 >0 Inc * 1,1 09,1^8 600 Inc Net depoBlta 27,100 44,697,60<' 6,n9,60« Slpeoie BMerve Held ti Deo 4,870, 8'JO 86,216,400 Ino 4,076,600 905,71 3,3 )<; 166,401,900 74,713 4'W 288,900,400 Deo 277 292,160 IBO 795,300 1,279,876 341,115.300 226,428 325 20S.e84,ilOO IiogalteHders..... p. 0. ol deposits 116.672,700 132,546.900 915,9P2,200 3,041,6(fO 102,261,900 121,964.800 871,642,100 46,639,100 873,609,600 166,ft49,000 76 633.70i> 283,212.700 218,402.400 Barplns reserve 11,608,260 Dee 2,076,178 14,686,976 14.810,800 ' $22,791,200 amtea 3t»te« aeposlts tnolnded, «g»lnst $23,008,200 last voek and $36,698,800 the oorrespondlnj? week ol 1904. WUli these united atat^eitaposiTseUmlnftted.theaurplnBreservewould be 817.306.060 on Jan. 7, and $19,435,475 on Deo. 31. Nora.— Ketnrneol separate banks appear on thepreoedlng page. -Feb *103»4 •103'!, -Feb *104>a 104H1 -Feb -Feb *i04>« *io4J« -Jan '106 »a nobh -Jan *106»9 *106'«j -Feb *1801. *130>4 -Feb *180»4 *130^ l8,191S, amall.reglstered oonpoE S8,1918, sm&Il ....registered 48, 1907 Is, 4s, 48. 1907 1935 1926 oonpon registered oonpon •IO8S4 103»4 *103»4 IO3S4 *104"8 104H *104S 104'^ '104i« "10414 *104i« '1051a aoeia *106i.2*105ia 10519 10678*105i9]*106ia •181 ^131 *131 'Xiao *131 *131 1*181 1*181 * 10414 * •TUlsis the price bid at the moralng board; no s»i* was made. Railroad and Kfiscellaneons Stocks.— The stock market has been irregular but generally weak. The volume of business is greatly reduced, averaging barely 500,000 shares per day. It is not difficult to trace the causes which in some instances led to a substantial advance while almost the entire list has declined. Illinois Central sold up nearly 5 points on rumors of an increased dividend rate. Canadian Pacific and the Mexican issues have been strong features, perhaps because they will not be affected by legislation at Washington. Manhattan Elevated has steadily advanced, as has Interborough Rapid Transit, on the curb. Union Pacific and Southern Pacific are higher, the former over 3 points, and Great Northern advanced 13 points to a new high record on bids for a few shares. Baltimore & Ohio, on the other hand, declined over 3 points. Central of New Jersey nearly 3 points, Pennsylvania, Delaware & Hudson and Metropolitan Securities, 2 points. To-day's market has had a firmer tone and recovery has been made in some cases from the depression noted above. Industrial stocks have been dull and changes in this group are generally unimportant. Among the notable exceptions is Anaconda Mining, which has covered a range of over 6 points, and U. S. Cast Iron Pipe issues, which have been unusually active and strong—the preferred having advanced over 2 points. The United States Steel stocks are a point or more higher on relatively limited transactions. For daily volume of business seepage 156. The following sales have occurred this week of shares not represented in our detailed list on the pages which follow. Foreign Exchansre.— The foreign exchange market was generally strong this week in response to a good demand for remittance and an insufficient supply of bills; gold exports, SaU» $863,000 to Paris and |50a,000 to Argentina. aTOOKS for Bang* /or ITttk Jiangs for year 1904 Wttit Xndino Jan. 13 To-day's (Friday's) nominal rates for sterling exchange Wetk were 4 85i^(a4 86 for sixty day and 4 88@4 88i^ for sight. To- Amer Beet Sagar 60 22 laJan 7 22i9Jan n 19 Sep 25 Not day's (Friday's) actual rates for sterling exchange were Preferred 160 77 Jan g 77 Jan 9 74 Sep 80 Not Amer Tobac Co (old) pf.. 200 146 \Jan 11 lf0i4Janlv; 130i4Feb 149 Not 4 8515@4 8525 for long, 4 8750@4 8760 for short and 4 8785@ Assoc Merchants, Ist prf 20(1 96 Jan 11 901, Jan 12 90 Oct 98 Deo 4 8795 for cables. Commercial on banks, 4 8485@4 85, and Canadian Pac sabs st pd 700 129 S>«J*n 9 129»4Jan ^ 128i-2Dec 127»4Deo documents for payment, 4 84i^@4 85i^. Cotton for payment, Cent & 80 Amer Teleg. 60 121 Jtkn 7 121 Jan : 102i4Ang 120 Dec Central Coal & Coke 600 65 ifcJan 9 6518 Jan f 66»4Deo 68 Deo 4 84i^@4 84)^ cotton for acceptance, 4 8485@4 85, and Cleve Lor & Wheel, pre! 800 106 Jan 11 Wan 15 76 Sep 00 14 Deo 85i^@4 Cleveland grain for payment, 4 & Pittsburgh. 10( 185 Jan 9 106 851^. 185 Jan 9 178 la Apr 181 Mar guaranteed. 100 108 "iJan 10 lOSisJan 10 To-day's (Friday's) actual rates for Paris bankers' francs FtDo special Denv C, stmpd.. 4» 41 Wan 1 41 1« Jan 11 88 Deo 64 Feb 18i^@5 17i^* were 5 for long and 5 155^t@5 15% for short. Seneral Chemical 200 60 Jan 13 60 Jan 18 43 Mar eo Deo Ice (Chlcago),pref 100 60 Jan 9 60 Jan i Germany bankers' marks were 95@95 l-16t for long and Knick 4Hi<)Jan 66 Oot Nat Snam & stamping.. 325 21 Hj Jan 1 22 Jan f 14 Sep 23iaNoT 95 7-16t@95 7-16 for short. Amsterdam bankers' guilders were Prelerred 10 90 Jan 10 90 Jan 1(1 75 J'ly 87 Deo N Y Dock Co 100 26 aJanlU 26 la Jan 10 401^0401^** for long and 403^@403^** for short. 25i2Deo 14 Oct Preferred 200 59 Jax 10 69 Jan 10 40 Apr 60 Deo Exchange at Paris on London to-day, 25 f. 14Kc.: week's 1 tab Ft Wayne <& Chic 8 186 Jan 13 185 Janl. 179 Wly 184iaOct RR Securities 111 Cent'i range, 25 f. 14i^c. high and 25 f. 14c. low. stock trust certiflcates 310 91'<Janll 92 Jan 10 86 Feb 93 Hay The week's range for exchange rates follows: 8t Lawrt^noe Adirond 100 100 Jan 11 100 Jan 11 1 ; 1 W <fe f -Long.- Sterling Short. Actual— High... 14 8515 a 4 8525 Low... i4 86 » 4 8510 J'arit Bankers' Francs— High... 5 I7'2t ® 5 lOTg* I I Low... 5 la's -a 5 17><jt Germany Bankers' Marks— Low I I 96iiet 96 4 8756 4 8730 » ® 6 ISBgt 6 16"8* '& 5 15»8 -a 95I2I 957i9 i » 40»,ef I -a Amsterdam Bankers' Guilders4OM1 -a 40381; 40i,»* -a 40«ie* Low.... 4o4* 40'? Less; *ll«Ofl%. tl»«Oll%. t»88 0fl% 4 8790 4 8770 8735 « 967ia 95Ti,t Hls:h... I 4 6 18«8 -a 96iie -a 96ii6t I 4 8780 ® I High... -Cables.{» ® 4 88 4 8776 S Beduo <& Befln'g, pf Vulcan Detinning Ontglde 100 400 3S Jan 13 9>4Jan 13 35 Jan 13 10>sJanl:' '36H»'Not 2»»Nov 45"iiDeo 11 Deo .liar ket.— Interest in the market for unlisted seweek centered in two issues, Interborough Rapid Transit and Northern Securities, both of which advanced sharply and made new high records. On reports of phenomenal earnings and predictions of large dividends the former rose 243^ points to 193, and closes today at 190. On curities this 403^'* PlnSt llli,Oll%. **l88 0fl%. The following were the rates for domestic ezohange on New York at the under-mentioned olties to-day Savannah, ; buying, 50o. per $1,000 discount; selling, 75c. per $1,000 premium; Charleston, 12i,^c. per $1,000 premium; New Orleans, P*'^@10c. per $1,000 premium; commercial, 25u. per *?^aA $1,000 discou t; Chicago, 25c. per |l,liOO premium; St. ^^^' P®'* $1,000 premium; 8an Francisco, 25c. per il°)?i^ $1,000 <fi> U premium. State and Railroad Bonds.~Sales of State bonds at the Board are limited to $69,000 Virginii 63 deferred trust receipts at 14i^ to 15i|, The market for railway and other bonds has been steady to hrni in tone and the daily transactions, while not large, have included a larger number of issues than of late. In other words, the market has broadened, although the volume of business has not increased. Union Paciflc convertible 4s have been the most active railroad bonds and in sympathy with the shares, have advanced nearly 2 points. The Seaboard Air Line gold 4s have been prominent for activity and an advance of 2 points presumably on annouacement of the readjustment plan. The Erie, Rock Island, Baltimore Ohio, Missouri & transactions aggregating about 100,000 shares. Northern Securities stock moved up from 133i^ to 145 j^; the final sale to-day was at 145. Seaboard Air Line stocks were weak; the common, after a gain of to 19, declined to 16, while the preferred lost 3^^ points to 35J^; the 3-year 5 per cent bonds were strong and advanced 1% points to 101. standard Oil rose 11 points to 641. Electric Boat preferred advanced from 75 to 86; the common went up, from 39^^ to 41, but later reacted to 40. Public Service Corporation stock jumped 5 points to 140. U. S. Shipbulding common "when issued" s nk from 2814^ to 36 while the preferred moved up from 84i^ to SO^- Liberty Silk rose from 275^ to 36 Very little interest was manifested in the mining group, and apart from a sharp decline In Tennessee Copper price changes were unimportant. Following a rise of ^ point to 361 in Tennessee, these shares moved down to 323^; to day there was a recovery to 34. Greene Consolidated Copper fluctuated between 251-^ and 26 closing to day at 25^^. British Columbia Copper declined from 'Q% to 6 and ends the week at 6^^. New York Phonograph stock was traded in between 20 and 50, with the last sale at t5; the sharp rise in the price of these shares was caused by the announcement recently that a decision bad been rendered in favor of the company in the patent litigation in which the company is % .^ concerned. Outside quotations will be found on page 156, New lork Exchange— Stock Stock Record, Daily, Weekly and Yearly OCCUPYING TWO PAGES STOCKS—mail EST AND LOWEST SALE PRICES Saturday Monday Jan. 7 Jan. 9 •SI •62 86»4 •31 «62 S5 67 8716 f^6'8 Tuesday Jan. 10 35 66 87»4 •31 •62 87 14 35 66 8734 Thursday Jan. 12 Wednesday Jan. 11 •31 31 85 66 62 87I2 lOOij lOO'g •12212 124 H'3-8 10478 •9534 9ijl4 6038 ei"^ 87 Iriday 8634 Sales 01 the STOCK EXCHANGE Jan. 13 Jiange Tor Year 1904 Range tor Previovt basis of 100-share lots Year (iyU3) On Week Shares Lowest Highest 35 66 86% Arbor Ann Do pref 34 Nov 7 25 Dec ii*} Nov 18 54H2 Dec Feb 2 4 3914 Nov2t5 64 Aug Do pre! 87% Jan 6 104 '8 Nov 25 8 4 % A ug 400 104 H2 Feb 18 i55HjNovl5 106 Dec AtlanticCoast Line ER.. 119,0H5 7 2 7e Mar 14 105 I4 Dec 30 Baltimore & Ohio 71% Sep 683 87% Feb 19 96H2 0ct 19 823, J'ly Do pref Brooklyn liapid Transit.. 52,230 38 Feb 2 4 70 Hi Nov 15 29H2Sep 8734 Atch. Topeka & Santa 25 J'lyll ?4934J'ne 8 27,8^0 5,331 Pe. (;4 lOOTg IOII4 lOOSg 101 100 10034 100 101 101 121 14 I2II4 122 122 12212 124 12S^1233fc '122 124 IU4I4 10412 10134 10334 10134 103 14 1051* 103^4 104 105 96 14 9534 96 14 •9534 96H'. 96 «96>a 9^\ 95»4 954; 60 14 6 134 60 1« 6034 6I34 5938 61 69>2 61 •154 155 •154 155 154 155 118 14 Mar 2 160 Oct 3 '150 155 »150 155 150 155 Butialo Boch. <fe Pittsb'g. '155 155 '155 '155 165 159 159 161 100 {l.^5H! J'ne24 lri5 Oct 3 159 155 lf.9 165 Do pref 88 89 88 89 8834 89 '87 90 S8»4 8;> 88 83% Buffalo & Susque, pref... 2,150 83 Nov 7 89 Aug23 10,200 109HjMarl2 13534 Oct 25 13218 132^4 l:-i2S8 13278 13278 1333, 13218 133 132 Hi 133 / tanartian Pacific 13l%132 6634 69 6718 67i» 07 -68 7034 71 100 64 Apr29 72 Nov 10 7034 •6S 67Hj 69 V -'anada Southern Wj 191 191 191 191 H2 193 Central of New Jersey... 1,640 1 54 Hi Feb 20 19434 Nov 11 191419112 193 im {19334 19334 14 192 Hi 48I4 4-^=8 28 14 Mar 14 51 Novl8 4734 48 4734 48 43 Chesapeake 7,225 47»4 43 47% <fe Ohio 483t, 47Hi 4iia 421. 42 42»8 42 <% 42^4 42^4 2,700 33 Jan 15 47 14 Novl42»4 4 •2^4 42»o 40% 414 Chicago <fe Alton 80 831. 80 8 3 '4 -81 82', *80 83 200 75 Jan 2 85 14 Jan 21 83 Si 83 >2 Do pref 83 •130 143 Chicago & East. 111., pref. *130 145 130 145 143 143 130 143 10 124 Feb 11 143 Oct 15 130 145 22I2 •-238 22 >4 22^6 2278 2214 2318 227g 2234 Chicago Uroat Western.. 35,450 1278J'ne 8 2iii4 Nov2>' 22 2238 227e 14 *85>2 8712 •85 12 8712 85 la 87 •85 "a 87 loo 80HjJ'lyl3 90 Nov 7 85 Hi 85H2 •84 Hi 87 Do 4 p. c. debentures •66 67 12 •66 •65 300 47H2J'ne 6 7434 Nov28 67 4. •66 67 >2 60 66 66 70 Do 5 p. c. pref. "A".. 66 •35 3414 36% 700 20 J'ne 6 39 H? Nov25 35 85% 35% 353e 3478 3478 •3434 35 35 Do 4 p. c. pref. "B".. 17218 173 17214 173 17114 172% 171% 173H2 Chicago Milw. & St. Paul. 51,8r)0 137%Feb24 177% Dec 1 171'4l71'e 172 173 •1K2 186 182 185 182 187 {186 186 185 265 173 Mar 4 1^57gOct 2."i 186 182 Hi 182 Hi J Do pref •204 208 205 208 H, 20734 20734 Chicago <fe Northwestern 300 161%Marl4 214H2Dec 1 205 2'J8 •205 210 208 208 234 234 100 207 Fob 8 237 Nov30 Do pref •150 155 148 1S5 •148 155 Chic. St. P. Minn. & Oiii. 150 155 •150 156 *150 155 135 Mar22 160 NovlJ •185 187 195 187 195 187 195 •187 195 '187 195 {165 Apr 2 192 T)ec 9 195 Do pref 5I4 Aug31 IOI2 1078 93, lOi^ 9112 934 10 1034 Chicago Term'l Transfer. 4,>50 81^ 10% 10% 10 16'4Nov22 19>2 20 20 1938 20 14 18^4 19 s, 7,737 llH2Aug31 2734 Nov22 20 H2 2078 21 Do prof 19>a 19^6 107g 1314 934 10 10 10 1034 11 H2 9 Hi 1218 HHj 12 Hi Chicago Union Traction. 34,610 4 J'lyll 1 5 I4 Nov2 46 14 4534 42 45 45 45 45 48 6,9)0 29 May24 48 H- Nov25 S',"2 39 Si Do pref *87ia 89 12 88 89 91 Cleve. Cin. Chic. & St, L 89 91 •91 91 91 91 100 68HjMaylf 93% Dec 1 ei-'i :-0 100 115 120 115 120 •114 120 •115 120 '115 120 Feb ; 115 Nov23 5120 120 Do pref 2234 2234 22I-J 23 23 22 Hi 22 \ Colorado & So., rot. trust 22^4 22'4 23 22 Hz 22 H2 1,720 13 Hj J'ne 24%Novl5 6L 61 6018 60 Hi 63 Dec 29 61 1,620 48 J'ne *6l'a 62 Do Istpf. vot. tr. cfs 611a 61Hj 6IH2 61H2 6IH2 »35i2 36I4 36 •3534 36 H2 3t1 •36 37 37 550 1778 J'ne 7 37 Hj Nov 1 37 3614 3534 Do 2d pf. vot. tr. ctfs •1«4 185 I8434 I8534 •185 186 •184 1353, 184 184 1«3% 184 Delaware & Hudson 1,400 149 Marl 130 Hi Dec 6 •335 343 •335 343 335 344 •335 350 •335 350 3i2 342 100 250 Hi Feb 23 JO934 [)p(. ^; elaw. Lack. & West'u. •3134 32 I2 •32 31 Hj 32 Hj 32 32I4 Denver <fe Rio Grande 32 32 32 32 Hi 32 1,000 18 Mar 14 35'eNovl4 86 '4 86 14 85=8 853. 8618 86 86 86 86 8618 2,700 64 H2 Feb 2 4 39 Dec 21 86 86 Do pref •23 •23 *23>2 28 •23 H! 27 •24 26 19H2Jan " 27 Deo ti 28 28 Des jyioines & Ft. Dodge. -23Hj 27 6 '4 61-2 esg 612 6«8 678 *i;H2 634 7 6»8 6% 6% Detroit South. vot. tr. ctfs 1,700 li8J'ne27" 1434 Jan 23 32 12 34 34 8 134 31^4 34 234 .J'ne 84 S3 33 Hi 33 -J 34 33 Hi l)ec3i' S2 3,900 Do pref. vot. tr. ctfs 7734 78I4 •7734 7314 •7014 7714 7714 77 14 Detroit United 78 78 475 eoigJ'nelO 7934 Dec 5 78 78 12 ei* 1334 •lOia 13>2 III4 1312 J'ne 400 12% 12% 12% 13 Duluth So. Shore & Atl.. •i2'4 13^4 14'8Novl5 25 14 25 14 26'4 2514 25 14 -25 2534 26I4 26 914 Auglu 28 H Nov 14 1,045 26 Do pref «25»B 25\ I4 40I4 39 39'2 3934 4014 3918 4U38 404 3912 40 39 21H2M"yt6 126,370 4i%Nov 9 89>a '8 t^'rie 77'8 78»B 78', 41.200 55%May31 77 Dec 77^ 7818 77=8 77 'e 7714 78 77% 78 UDo Istpref 78 58I2 6v;i6 6II4 62 61 -2 01«8 62 01 6114 6214 61 19,980 33 MajiU l>fC ei"* 62'^ Do 2d pref •67 70 72 6H 69 68 68 70 72 69 72 1,800 54 J'lyl5 07 Dec 2 avansv. & Terre Haute. "e? -83 »83 •83 85 85 90 Feb 23 88 90 90 72 83 87 88 *S3 Novl_ Do pref •236 244 '236 244 •233 S44 236 244 241 244 250 253 Great Northern, pref 850 170 Marl^ 24 2 Hj Dec 2 84 84 84 90 Green Bay&W.,deb. ctf.A 5 70 AugK 8»H2Novl8 I8I4 18 Ha I8I4 19 18 19 I914 208 11 J'ne 1 2014 Novl4 deb. ctf. B Do 181a 19 19H. 9l)l2 90 12 9012 •90 91 90 90 90 625 60 May 24 94 Dec 90 Hocking Valley BCa 90 1^ -90 »!*2i2 94 •92 w, 94 94 9338 {9214 93% 66J 77 Mar 12 95 l)ec V)3'g 93 «3 pref Do 921a 15334 159 14 15718159 158 15334 [ Uinois Central., 43,772 12534 Feb24 159 Dec 5 155»al56'ii 15612 16 934 158 14 159 30I4 80 14 •30 •30 29 3012 29 Hj 80 H2 •2J 30 Hi iowa Central 31 30 "a 100 14 J'ne 4 33 Nov 12 5534 5534 •5534 5612 55 H» 56 Hi 55Hj 56H2 56 56 800 32 Feb25 5934N0VI4 6t)«« 56I4 Do pref •3714 37 *36 3312 •3714 •36 •3714 22H2May 9 33 Deo _ 89 38 39 39 Hi 38 H Kanawha & Michigan.. 14 8218 82 14 82 Hi •32 6 Jo 64 Is J'ne 1 83HjNov19 82 Hj C.Ft.S.<&M.,tr. ct8. pfd 8ih «2\ •82 14 82 12 JS218 82H2 •82 28I4 2834 28I4 2734 2 8 '4 Kansas City So. vot. tr. .. 2834 27"^ 2734 28 2834 28 '4 23 1,950 16HjFeb24 31 79 Nov 14 63 14 637g 5334 63 621* 52-2 531^4 53 H2 63 Hi 53 Hi Do pief. vot. tr. ctfs. 4,600 31 Feb 29 6634N0VI7 521a 53I4 •13 *13 •13 •13 13 17 lOHzJan 11 19% Apr 12 »14 17 17 16 18 17 Keokuk <& Des Moines... •47 "47 47 61 47 51 •47 51 45H2Apr 7 52 Apr 12 (•47 51 51 61 Do pref '35 34 37 •34 37 35 86 36 87 610 26 Marll 43 14 Dec 1 86 35 Erie«& Western... 93 100 •93 loo 93 100 •93 100 93 100 Iake 85 J'nei7 105 Oct 18 '93 J Do pref 100 295 "63" U Shore & Mich. South' 300 295 295 "62" •295 ?3')0 •295 23 {245 Nov 1 {300 Dec 29 "62 •67 •57 56 56 57 63 46 May 17 62 Hj N0VI2 •57 63 62 Long Island 13978 141 140 '4 1 4034 139H2l40% 139H2 14012 Louisville & Nashville... 16,920 101 Feb 23 14334 Dec 3 •;X3878l8:*'^ I39I4 Elevated... 53,770 13934 .Marl2 169 Hj Nov 18 leSSz lO'Jis I6TI4 16812 IU8I2 17UI4 169 1713^ 17012 172 ;V/j anhattan 75 14 74=1, 74 77 75 75 77 I'Xetrop. Secur., sub. rec 19,700 72I4 Marl4 96 4 Aug 11 744 77 »s 73 74 H2 7OI4 11534 117% Metropolitan Street 115l4ll7'B lU"* 11534 11412 116 11534 1173, 115H2117 112,6-0 10434 Marli 130% Oct 21 23 'a 24I2 2338 24 12 6 Apr -3 23%Nov22 23 22 78 23 Hj •Mexican Central 23 66,980 22^8 23 »8 23% 23 {119 H2 Feb 1 160 •130 140 • 180 140 •130 140 130 140 130 140 •130 140 Michigan Central Novl9 "516 40 J'ne 3 6734 Jan 18 •50 •50 '61 60 60 60 66 Hi 56 57 50 68 Minneapolis <& St. Louis. 60 88 85 90 •83 93 89 95 {91 91 80 J'ly 29 90HjSep 16 92 •89 95 Do pref •89 •89 >2 90 90 90 9334 Minn. S. P. & S. S. Mane. 90 8,400 55 Jan 4 95 Oct 29 90 90 89 Hj 8934 89 May 2 150 Oct -9 2,3(10 116 148 150-4 146 148 •116 14'i .14012 148 5148 148 }14-< 148 Do pref 3112 32 3II2 3134 •31 3t'4 32 32 12,700 14% Keb24 3638 JVovll 31% 3214 Mo. Kansas & Texas Sl>9 31H! I4 62-4 6^42 62 633x 63 Hi 63 14,000 32 J'ne 1 65I4 L)ec 5 63 63 63 63 63 63% Do pref IO6I4 106-8 I00I4 100''8 I05H2I06 10514 106% .Missouri Pacific 82,700 87 Feb 27 HI Hi Dec 1 J05'-jl06% 105''8 107 140 143 138 141 400 l01H2Feb2i 147 '8 Ilec 2 137 137 139 139 140 140 XT ash. Chatt. & St. Louis 138 138 4II2 43 3434 Feb 2., •i5% Nov2 4214 42% 4134 43 4 2 -'a 43'-: at. of Mex, non-cum.pf 37,375 42 I4 43 \ 40^4 41's 24 12 •23 23 '2 24 •23 24 24 24 23 23 1,642 157e Febiio 2.JS^ov21 22 Do 2d pref '2-Z 142 H2 143 142 14334 N. Y. Central & Hudson.. 13,550 112^8 Mar. J 146 Hj Decj8 144 144'-i 143^4 144 V I4312 144 14 I43I4 144 •42 «42 41 44 40 44 •40 44 N. Y. Chic. & St. Louis... 25 MaylO 4/ 44 45 l).<c 3 44 ^40 10lH.Mttyi2 115 Nov 11 •110 120 110 120 • 111) 120 •110 120 110 120 •110 120 Do Istpref •74 •74 600 60 J'ueU 8 Dec 3 •74 78 78 75 77 75 78 76 78 77 Do 2d pref 199 Oct 21 42UOI42UOI4 }202 203 {202 202 {202 20234 202 202 320II4 202 Hj N. Y. N. Haven & Hartf. 51 {185 '4 May 4116 4114 4034 41 4186 41 41 40 41 N. Y. Ontario & Western. 4,900 19% Marl4 47 7e Oct 20 41 41 41 79I4 79 80 Hj Deciii 79 53H2Marl2 79 78 Hi 79 8,900 78% Norfolk ifc Western 7914 79^2 79 41 7y6 7yH2 14 'g 1< •92 90 96 •90 100 88 May 6 96 Dec 29 93 93 95 95 Do adjustment pref. Feb 24 82 Hj Dec. 80 80 79 79 79 6(/0 51 80 79 79 •77H2 79 781a 78H: Pacific Coast Co lul Sep 28 95 J'ly luO 105 100 10 Do Istpref •loo 105 »1U0 105 100 105 •100 105 61 84 Jau 12 «6% Dec 3 84 87 250 87 85 H2 14 *86'2 86'-^ •84 85 8 86 ,*«5 Do 2d pref 88 137 133 Mar 140 137 1 13 i>eo 6 13736 13734 135,070 13738 136% 7% 136% Pennsylvania H2 -13712 138 '6 '6 Stf lifs^e •27 •27 17 Mario 3 2 '2 Deo 1 -27 •28 31 •28 31 31 •28 SL 31 Peoria <fe Eastern 81 74 '8 J'ne 9 81% Jan 23 "80 H2 Pore .Marquette 8214 442 {68 May31 7 9 Hj Nov 10 Do pref 80 55 Apr'..:0 80 7734 75 77: 200 Dec 6 7718 77% Piltsi). Gin. Chic. & St, L. •75 77=4 77 77 77 77H2 T7H2 90 April 07 Dec • 102 102 108 102 tl02 102 102 Do pref 222,.-.oo 3334 Mar 14 82% Dec J 81 14 82 81 14 82-4 80 Hi Reading 80% 81 '2 x79 811a 82 >2 9IS4 9178 l).-c3o 92 9134 92 1,768 76 Mai 1 92 «92 1st pref 92 92 y2 9 2 '4 92 '4 {92 84 85 {84 Hj 84 'v {8434 8434 Dec:.:;' 2d pref 8 ;0 55 14 Feb 25 85 84^2 hi^ " 84 Sj 85 S4«9 84 >v 3734 3'>3. 19 Alarll li 3676 Nov 3634 3514 Island Company 81,960 3579 3u38 SuV 36^4 37 36 "4 36 36H. Rock 831-2 85 86% N()v28 84 '4 84\ »84 1,100 5 r-'i Jan 86 Do pref 84 84 !r82 Hj 83^4 ei"* 84 14 loo 30 Apr 22 72 Si lifc 70 70 Rutland. i>ref Marl 5 18 Nov 5 •14 9 14 15 J4 16 •14 300 16 14 16 14 13Hj 13-2 Ct. JosepliifcGr'd Island. 00 No- 15 •64 •54 35 Mayl •60 •54 •54 •54 67 67 57 57 67 66 Do Istpref h 30 •26 •25 Jau Nov. -25 '23 16 •25 •23 27 27 2 7 2(t pref 27 27 Do 27 •77 •76 76 '2 7HH2 St. L.&.S.bY., 1st pref.... 77--. 7 'J 100 «61 Mar 1 7934 1)1-0 30 •77 7678 78 78 80 80 70 14 70I2 8,300 3914 Jan I) 72^2 Dec ill 71 70 Hj 70H2 Do 2d prel 70 70 Hj 7114 70 4: 701., 70 14 70 "2 150 Jau 9 85 Duo 1 181) 175 180 175 180 C.&E.I com stock trcU.s 176 180 175 175 180 .175 180 •^01 '•2 "li 121 115% Oct 105 . '^ ifi STBW YOEK 516 630 ADter i£xcb.. t273 Afrt<»r 775 825 325 JHowcTTrli A.Berlca1| ilutcJi'8<fc ... Dr 165 iCeut^ryl,.. 180 K;iia.so 650 lOlialham .,20 330 kjhclHca KicT; 175 jchemicai 4275 4326 CilizeiiK' Ctrl 166 176 • I t Jiid AsIc Banks City t290 t297 Coal <& Iron. 195 2u5 OoloDial 1| ... 450 Columbia .. 400 Commerce... t2ZS'4 t230 1l Consolidated 150 C'rn Kxchge' :;90 Discouutll ... 160 Kasi Kiver.. 180 Fidelity: J'ly 27612 18 Oct 62 12 Nov Bid JUanUa Ask UtliSireetH. 300 fourth Oallalin Gausevoortli 220 410 227 120 500 (iartleld Hi 142'.., Bid UaalUi Irving +224 515 530 1200 Liucolii M-.iiitiin Lane 174 .Maiihal tau1i. 3K0 620 215 .Meciuiiucs' Bui au<l iMKeU pnooKi uo tialei« wero iUd,>le oa lUui Sale at Block I£xchange or at auction thi.s wuoic <jermaiiia1| .. Greenwich I1 liuniiltoir,] .. Hanover I nip <te Trail. 170 t531 +nui>4 Interboroll.. 155 160 . 295 140 .Mech .fe'l'rali .Mercantile .. 2 75 .\Iercli lixch. 165 .Merclianls'.. 175 .Melropll Na.ssaiili (."o 325 270 300 Trust Co. cartllloatos. ASIC 225 14 Aug Nov Oct 55 Aug Mov Aug I 10 23 62 % Apr 44 J'ly 39 Hj J'ly 78 Aug 160 Oct 73 10 63 77 Dec Aug Sep Oct 125% J'ly 13 J'ly Jan Feb 90 Hi Feb 47 14 Jan 2038 Jan 3934 Jan 90 Jan IHHjFeb 29% Feb 42% Jan 43 Feb Feb Jan 91 Jan 209 Jan 85 Jan 27Hj Jan 106 Hi Feb 99% Mar 151 Jan 48 Jan 773b Jan 74 0479 72H2 30i2Oct 25 14 Oct 47 Hi Jan 62 14 Oct 8234 Feb 16 Hi Oct 36% Jan 29 Oct 61% Jan 10 Oct 40 Mar 48 J'ly {55 Apr 23H2N0V 53 Jan 89 Nov 118 Feb 275 Dec 334% Jan 49 Dec 83 Jan 95 Sep 130% Jan 12014 Sep 155Hj Jan 70 Hi J'ly 128% Jan 99 7j Sep 14278 Jan 8 Hj Nov 29 8634 80 Mar Jan Jan Feb 79% Feb 13214 Feb 30% Jan 63 Hj Feb Aug 11578 Feb Oct 133 Hi Dec 102 .Ma\ 41 Oct 83 Nov 42 Aug lOOHiJ'ut IJHjOct 33 Oct 34H2Mai 135 110 118 473g May Nov 2312 J'ne 17 il23f J'ly 156 Jan 19 H Sep loo 50 tlsTHi 19 5334 85 Sep May Sep Nov Aug 3934 Sep 80 J'ly 50 14 Aug 11034 Nov 15 J'lV J'ly 74 {/4 55 90 37 73 Jan Jan Jan 225% Jan 3 5 '4 Feb 76I4 Feb 93% Feb 72 Jan 100 Feb 76 Jan 157% Jan 39 Jan 45 118 87 Oct 91% May Dec 76 94 Oct 116 Nov! 69I4 Sep 89 7^ Sep Sep Jan Jan Jan Hi Feb 5,>34 Nov 81 Jan 191.2 .\ug 53% Jan 6.V.4 Nep 86 Jau 30 Aug 72 Jan 7 32 13 08 39 Oct Oct Oct Aug Deo 8ep 15 '4 .Ian 53 Jan 24 78 J an 88 Feb 78 Feb 70 J'ly 3 1 5 290 175 185 t'acirtoii o.iuic*. n Sold tix I52Hj ibo* .-itale' 1200 .o5 I'Mza'i, .>00 frod Kxchli 205 UivorsideV .SeaOoard l.too 200 2'J.-> (543 1551 tt .Slioette Letli. Plieiux .15 1 J.>.» I'ark .>ecouil Bid AsIc 235 300 130 135 500 186 175 250 280 625 700 000 Ituiikn Peoplo'sll 475 \:m<v Wardli. t245 •, North Atner. , 220 120 Northern 235 il5 Orieutalli 3S0 A A<*3e»».aiont paid 215 290 19Lli .:il.tlo s .. New Amster New Vork N Y Nat Kx. New York... I115 315 MarkPlcfcFul 260 Bid UaiiUH .Mt -Morrisll Mui.ualli... 160 145 Liberty (merman KxV 350 5.(0 2.-5 ASIC >4 Jellei .son^l... German Am1| 163 Fifth Aveli.. 3450 3750 300 Fifth t77.'i 1, First Sep /3. I 5 I,-. Jan 72 230 I 00 100 160 200 4 Jan 3IH2 Jan TRU&T COMi^ANlES— BROKERS' yUOTAnONS IiA^;Kb AxND As/c Dec 119 Aug 48 Jaw Aug 183HjFeb ' Bid Jan Jan Jan Jan 17 149 I. itauka 2 24 12 Aug 250 10 J'ly 44 Hj Aug I . Sep 112 i ^ 9078 Jan 8512 Jan 4678 Feb May 17HjJan May 5934 Jan Aug 99% Jan / , 138% Jan 3 ".J •; Feb Aug 29% Jan 30 66 • 1 13834 UV J'ly 162 {165 Nov 194 8 Aug 197gJan 15 Sep 36 Jan . U Feb 183% Jan 'fe I 963, Aug 194% Jan , ' 103 Hi Jan 126 May 104 Jan 168 153 190 , , J'ly 13 83 Hi Sep 63 Oct 24 Sep : : 89% Jau 57H2Sep 78 Hi Jan 153 Oct 190 Jan 27 14 Nov 63H2 Jan 3714 Jan 1 8 Hi Sep 60 Sep 75H2Dec 1 , Jan Jan 41 69 71% Feb Nov 150 Fob Sep 160 Feb 140 1". ; Highest Lowest Railroads. 31 62 35 66 87 14 •62 fiTOCKS NEW YORK iiviileuil ami . .. 34 til Street.. 12ih Wan II . 23d Ward' Union riirliU). at private sale at this price. .. iCxcli' 190 120 125 ;oo 200 New stock. 3 Jan. V i . STOCKS— HIGJiEST ASD LOWEST SALE PRJCES Monday 25' 68I4 53^. 6378 641. 25 Jan. 9 Tuesday Jan. 10 25 14 2518 253p oSSg 2 5 t 6 J 1 Stock Kecord—Concluded— Page 2 14, 1905.] Saturday Jan. 7 ' Wednesday Thursday Jan. 13 25 »4 Jan. 11 2434 25 14 53 2434 2434 STOCltS Friday NEW YOBK EXCHANGE Jan. 13 24\ 25 Sales of STOCK the Week Shares !: : ,' ; . 149 Mange for Year 1904 Range tor r^mi^wt On basis o/100-share lots Year (1903 Lowest Sighest Lowest SightMt > Louis Southwestern. 2,200 giaJ'ne 29 Deo 12 Aug 30 Jml 58i4 5858 58 57 Sa 57 57 57 577^ Do pref 3,500 2539 j'ne 6034 Deo 24 Aug 66 65Vj (iOVj 64-'^ 65 1^ 65 Vj 6G38 6418 G". (56Sg Southern Pacific Co 6ri 3g 147.420 41'2Marl4 6834N0VI5 38<% Sep 68i4Mar lie 116 116iflll6i4 U6I4II6V, II6I4 11 634 116-, nesg 116 110 Do pref 10,810 113 Sep 12 119i2Dec29 3434 353f. 84^4 34-', 35 3533 3438 35 341a 3434 347a 35 Is Soutliernv.tr. cfs. stmped 18,800 18i4Feb24 371.,, Dec 5 16 V. Oct 3G7g Job 96"8 97 14 97>-3 97>2 9634 963<i 96^4 9634 96*2 963t 96 9612 Do pref. do 3,100 77i2Jan 6 9712 Dec 5 69 V, Oct 96 Feb 9734 100 9734 OS's 9734 100 U^'ilOO M. <fe O. stock tr. ctfs... 90 Feb 25 93 Dec29 85 J'ne 96V, Mmp 35 19 35 '4 "si'^'Sb" *34'^8 35 3434 3o3g 3414 34 14 3334 34 V; '^pexas & Pacilic b'.sm 20i8J'ne 7 38'8Novl4 20 14 Aug 4338 B-eb 125 ISO 131 131 125 130 129^8 12974, 128 130 '127 A 132 hird Avenue (N. Y.)... 200 115 Marl 4 134 Oct 22 100 Oct 12878 Jan •20I2 23 12 -2014 23^, •2114 23^2 •2034 23 V2 •21 22I4 223g Toledo Railways & Lieht 23 14 200 17i2J'ue21 27i2 0ct21 1714 Oct 3738 Jam 36I3 36V2 *36i2 36'i 36I4 36I4 36I4 36I4 Tol. St. 1,. <& W. V. tr. ctfs 36 SGh aeSj 36^ 700 21iaMay27 38 N"ov30 15 Sep 317, jaa 54I4 5414 {5334 5334 64 54 54 54 •52 64 Do pref. vot. tr. ctfs. 825 32 Feb 24 57I4N0V30 24 Sep 48 Jaa^' 10434! 05 H. 105 106 105 IO5I4 105i2l05»2 105 105 Vj 105ial06i2 Twin City Rapid Transit. 800 871a Feb 23 xlfflU Oct 3 79 Oct 12214 Jan Do pref 158 Augll §165 Nov 4 155 J'ne §15914 Deti' 113'^8ll5i« 114l2ll5>2 11434 115=^ 11439ll5«8 II414II7I4 iia'sii* P.acitic. 388,750 71 Marl 4 117 Nov21 6534 ATlg 104'% Jan: Union •97 98 97 97 97 la 97 12 *96'.j 98 Vj 97 S 9778 9734 973, Do pref. 1,675 a;86isPeb25 93 Dec 30 83 v, Aug 9514 Fel* §20 '8 21 "s *204 22I2 •201a 23 •2114 23 -20'a 24 8t> 22 UnitRysInv'tot San Fran 201a 9 Feb 17 25 Dec 1 9 Dec 223g Jan 6538 Gov {6534 6534 6518 65 3(. 6479 651* 65 65 le 65 65 Do pref 1,690 42 v, Apr 19 69 Dec 2 35 J'ly 641a Jan 2138 2138 2138 213^ 211a 217^ 211a 2iv> •2138 2i7e 21 Vj 21I2 abash. 1,400 15 May 16 25 Nov 12 16=8 Oct 3234 Fato 42 '8 4214 4215 42 14 42'\ 42 "^ 424 •42'% 43 4218 42I4 Do pref 2,000 3234 Feb24 48i8Novl8 27V2Sep 55 14 Feb *1834 1934 I8I4 I9I4 lt*'8 18^8 19 14 I9I4 •I8I4 19 14 lav, 19 12 Wheeling & Lake Erie... 300 14i8J'Iy25 22-38Novl4 12 J'ly 271a Feb •45 *44V, 45 45 Vj 46 45 Vj V, •44 45 46 44V^ 44 *44'a 320 37 J'ly27 5234 Jan 22 4OI4N0V 62 Majr Do 1st pref 25 14 2534 *25i8 26 •2534 27 25 26 ?25 25 25 14 2514 Do 2d pref 610 21i8J'ne29 32 Novl5 20 Sep 38iaFeb 2112 21'6 *21 21V, 22^4 211a 22 211a 213, §21 179 Wlscon.sin Cent. v. tr. cfs. 211a 960 16 J'lie 6 25 Nov IS 14V2 0ct 29 14 Feb •45 •45 46 45 '4 45 14 46 45 14 45 14 •4514 45 v> 45 Do pref. vot. tr. ctfs. 500 37 J'ne 6 4938Kovl8 33 Nov 55 V, Feb 40\i Industrial AlisccU »236 250 5233 236 '236 250 236 250 236 250 •236 250 Express 10 §220 Feb 250 Oct 29 §204 Jan 235 Feb *16ia 161^2 -15Vj 16V^ *15Vj 17 16 IGV, I6I4 18'4 A dams 16 16 Uis-CliaJmers 400 6 Mar2 2I39X0V2I 7 Dec 23 Feb *63 69 V, *64 69 Vi 66 6«3 65 65 66 65 65 Do pref 300 39i2Mar25 71 Nov26 §6014 Nov 87 v, Feb 7234 74 7438 73 7314 74 7338 7409 73 14 74 14 7339 75 AmaigamatedCopper 236.370 431s Feb 8 8234 Deo ] 335, Oct 75^Masr 33Vj 3414 331^ 32^8 33 V 33 3334 33»4 3313 33=8 33 la 331a American Car & Foundry 4,670 1434 J -ly 1 35 v, Dec 28 I714N0V 4184 Jan 94 94 94 "4 a;!' •92 94 9212 93 14 l'2v, 9314 94 93 Do 600 67 Jan 6 9434 Dec 30 GOV, Nov 93 Jan pref 3434 35^ 35 35 3519 3534 33 35 35 'a 35 3334 35 Cotton Oil 2,150 24i4J'nel4 377gDeo 6 25 14 Aug 46 14 Feb *95 *95 97 97 94 '8 97 34 SI 7 14 American 95 95 95 97 Do pref 100 8834 J'ne 6 07 Nov 7 82 J'ly 98 Feb •38 •38 39 39 *35 38 35 {35 35 39 38 33 American Dist^Telegrapl 150 22 Angl7 39 Dec 24 Nov 411a Jan 213 213 {212 212 '212 215 212 215 212 215 212 215 American Express 107 ISO J'ne 2 219 Nov22 171 Aug 235 Feb *12>3 13 12Vj 12=8 1258 1298 -I2I2 13!% 12!% 12^ American Grass Twine .. 12>a 1278 1,300 5 Aug 3 14 Dec 12 6 J'ly 2939 Jait 10 10 »4 10 14 JlO'a lOOg 10 1038 Ills 10=9 11 1078 \jner Hide & Leather 9,650 2I4 Oct 2^Jau 5 lli4Deo 6 llisJaa 46 46 •45>a 47 4638 46I2 4678 49 4834 60V, 4939 51 "2 De pref 23,950 Hie Jan 5 4334 Dec 6 10 Oct 3739 Jan 6i8 6l8 6l8 6«4 6V, 6V, 6l8 6i» American Ice Q\ 6% 6l8 638 1.310 6 Dec 19 934N0V21 4 Oct 1134 Jan •36 37 SttSi 36 V, 35 14 36 Vi 36=8 3634 37 37 3719 373, Do pref 3,185 24 14 Mar24 42 Oct 17 leViOct 42I4 J<HS •15 "4 17 1538 15^8 *15Vj 16 v^ •1538 161a I534 17 •1534 17 American 200 Linseed 7 J'ne 2 2058 Nov 16 5 J'ly 19\ Jan •37 •37 41 4] 37 41 •37 41 •37 41 •37 41 Do pref 221a J'ne 1 42 12 Nov 10 2312N0V 481a Jan 34^8 35<!fi 35 V, 35 34V, 3434 American Locomotive 36 35 35 35 Vj 341a 34>.? 7,090 IGigJan (j 3638]Sov28 lOiaOct 31f%Fab104 [05 101 IO434 1041210412 •104 105 104 105 104 11: 10434' Do pref 1,260 75 v^ Jan 6 105 Nov26 67i2 0ct 9534 Feb 7^8 7 718 7 718 739 734 714 714 81 American Malting 7'a 71a 6,950 2i2J'nel6 9 Dec 14 2 Hz Mar eifiFelii •26'4 27 26^4 263^ 2579 26 Si 26"4 26-4 26 26 2614 2714 Do 3,80U pref 16 J'ne 3 29 Dec 12 14>2Sep 24V2JW 7934 81 80 V| 803. 8138 8212 8O34 81 Vi 81 8I34 81 Amer. Smelt'g & Kelin'g. 25,610 46 Feb 2 la Dec 3 81 82 3634 Oct 5278 Feb 113 5113 113 112v,112ia 112 112's 112 112 IIII4IIII4 Do pref 2,190 8834 Jan 6 115 Oct 24 80i4Oct 9913 Feb •160 170 160 170 •160 170 160 170 169 v» 170 "170 American Snuff, 30u 110 .fan 21 170 Nov 16 90 Aug 126 Mar '97 99 99 99 97 99 •97 99 §99 99 14 Do pref 170 85 Jan 6 9958Nov30 80 Sep 98^ Jan 13V, ISV; 1234 131. I312 •13 ISH ISVj •13 13 13 American Steel Foundr's. 131a l,20u 3Vi-iiie30 1514 Dec 2 3i2Dec 20 Jan 53 54^ 5379 5438 ig 54 54 5439 54 64 54 641* 55 14 Do pref 6,201 26 J'ly 7 57i4Deo I4OS4 I417fc 14034 142 141 142 14 141 142 42 14934 14238 American Sugar Refiuini 19,000 122i4M;ir 7 153 Novl72 36 Is Dec 691a Feb 1407^ 142 107 Oct 13439 Jan 139 139 139 139 Do pref 300 123 Jan 4 141 Novl8 116 Aug 123 I>eo •148 150 146 146 *146 147 14618 147 146'2l47 146 143 Amer. Teleph. & Teles... 200 121 Fob 16 1491a Nov29 117 14 Oct 169 Feb 93 »a 93>i, 9334 94=^ P314 94i« •9312 94V, 92>4 94>4 idi 94 Amer.Toba c. ( new) ,pf. ctfs 12,330 8539 Nov 3 96 Deo 2 2134 22 22 >9 22 "v 22»8 23 2234 2278 23 23 22 V, 22 v^ American Woolen i,8yo 10 Jan 4 25 Nov 21 7VjOct 14<%Feb •92 Vj 93 >5 9334 9334 59414 94 14 92 Vj 931a {9434 9434 93 Do pref 941a 278 69 Jan 25 9434 Dec 27 65 Oct 80 Jan lOSVjlOSH 106 107Vi 107 Vj 107 V, 1071211279 109 HI lOSVjlll Anaconda Copper 3,800 61 Feb 20 12979 Nov21 58 Oct 12513 Feb •203 210 *203 210 *203 210 203 210 •203 210 203 210 BrooklynXJnion Gas. 185 MarlG 229 Vj Oct 19 170 Sep 223 Jan llig llVj •n't IIV 11 14 111* •11 11 11 107g 1078 rn nnsw. Dock 800 <feC. Imp' 5 J'ly 18 12«8Dec2b 5 Oct 16iaJau •60 •60 63 60 63 63 •60 60 60 63 Butteriek Co 63 60 100 4 78 Feb 19 6234 Deo 5 40 Aug 65 Jan 4513 46>2 46 47 46 4578 4634 45 14 46 >4 Ciolorado Fuel & Iron.!' 13.220 25i2Marl2 5838Nov28 45^ 4334 461a 24 Nov •89 82*>Jan *89 95 89 89 •89 ' Do pref 63 Apr 5 95 Dec 5 65 Dec 122 Jan •16 17 le^i 163i •16 1634 1534 1618 1634 16 18 '« 16^8 CoL i& Hock. Coal & Iron. 19 1,200 8 J'ne28 12 Dec 5 913 Nov 2218 Feb ISaJ* 197^2 194^19814 19514 196 196 197 19534 19634 1953419734 Consolidated I2914I29I2 12934 12934 12938 12939 1291412914 §128 128 Continental Gas (N. T.). 13,326 185 Feb 8 220 Oct 19 164 Aug 222 Jan -128'4l30 Tobacco, 684 pret lOlVjJan 131 1 Deo 9434 .\ug 119 Jan 20>8 20^ 52014 2034 2OI4 2134 21 21 2038 20V, 2018 2034 Com Products ~~" 8,895 934 May 26i4Novl8 15 v, Nov 35 Mar " -" •77 •7714 777, 78 76I4 78 7734 79 78 78 78 73 Do pref... 2,830 66 Mar 82I4N0VI0 60 Nov 85 Is Jan 37 '8 377, 36I4 37 3734 37 7l 37>4 3713 3738 3779 .361a 361a Distillers Securit's Corp". 3,536 19 v, J'ne 40iaDec29 20 J'ly 34^ Jan 66 14 •60 66»4 60 60 US 14 •60 60 66 V; 61 05 Federal Mining & Smelt'g 1,100 4312N0VIO 08 Deo 3 »76 79 '75 741s 70 77 76V, 79 •75 76 Do pref. 200 71 Nov2i 90 NovlO 187 187 18634 18634 186 18614 187 1861a I8734 'I86I4I87 18S12 General Electric. 4,818 cl5l J'ne20 194iaNov22 136 Sep 204 Feb. 22 22 22 22 2214 23 >a t23 22 22 23 V, 23 221a International Paper 6,800 10'4May26 25»9Decl3 •76 9 J'ly 1979 Jan 77 76'% 76'% 77 7779 t7634 7712 «77=„ 77!% 771a 7712 Do pref 1,910 6418 Feb H 7979 Deo 10 57 v, Nov 74i«FebJ •6634 67 6634 67 •6634 67 6634 663* V, 67 Vj 66 "a 67 v, International Power. .'.'.'. 100 26 Mar 1 7212 Dec 20 23 Nov 73 Jan •37 V, 3812 •37 "a 38Vi 37 37 37'4 39 •38 40 40 Internat'l Steam PumpI' 1,300 28 Sep 2 4138Novl8 28 Dee 46i4M«7 •86 •86 8S 88 •86 88 •86 88 8618 H6I9 88 Do pref 200 7 1 v, Feb 9 87 Nov30 70 Oct 891a Jan •65 56 6513 5578 55!% 55<i8 55 5578 5678 5514 5538 National Biscuit... 5512 750 36 Jan 4 5912N0VI5 32 Oct 47*% Feb: •115 115V; 116 115»2 11538116 115 116 115 116 11534 115-8 Do pref 430 100i4Jaul6 117 Nov26 94 Oct i0679M8r; W, " 25 1« 241a 24 V, 25 2479 Vj 2538 2434 2434 >2 24 24 251a 247a National Lead 6,200 1419 Feb 25 26i4 0ct 3 10 la Nov 29 v, Feb' 97S8 976^ 98V, 981a 98 9818 9818 '.'.'". 98 98 "^ 98 98 Is 98 Do pref 710 80 ig Jan 20 9Si4Dec30 75 Oct 95 Feb •168 169 •153 159 158ial5834 157 159 •153 159 I57I2I57I3 New York Air Brake..!" 82 120 Feb25 164 Nov2t; 105 Oct 177 Jan 100 101 100 lOOV. lOOVjlOOV; 100 101 100 101 lOOVjlOl North American Co., new 1,050 80 Marl 107 N0VI6 G>i Sep 12413 Jan 45 46 45 V2 46 4512 4512 45"% 45!% 44V2 44 4434 43 Mail 4,525 24 Feb 55 Novll 17 Aug 4234 Jan 106 106"^ 106^10634 106 106=8 loeVjlOGv, 106 10614 106 19 107 12 Pacific eop. Ga8-L.<fc C. (Chic.) 7,010 9234 Marl2 112i2Dec 2 8734 Sep 10838 Feb 3734 38 3779 37 78 *37V, 37V, •371a 38 36 •36 38 33 Pressed Steel Car 44 530 24i4Mayl6 14 Oct 17 22 "a Nov 6534 Jan •9014 9034 9018 90 'j, 8978 90 90 90 Vj 893, 8934 89 90 Do pref 1,000 67 Maylb 92 Deo 5 62 "a Nov 95 Feb !!!!! •237 240 239'4 240 23934 240 238 238 2401424012 242 V, 246 Pullman Company 1,784 209 244 Marl4 Nov30 196 J'ly 23534 Jan 32 32 33I4 33 19 3234 33 33 321a 33 33 33 33 all way Steel Spriiig!! 3,400 16 May 18 35 Novl7 16 Sep 37 Feb^ •93 v, 95 •93I9 95 *93ia 95 94 94 941^ 9413 i) VDo 941a 941a pref 400 7134 Mario 94 Deo 5 67 Nov 90 Fefr 16 17 1618 I6S4 1614 161a 16 163^ 16>2 16 16 1612 Republic Iron & Steel"! 4,200 6 aiaylU 18'4Nov28 6^ Nov 22<%Feb 671a 68 »i 67 Vj 68 68 14 67 68 14 6814 68 14 69 681a 681a Do pref 1,600 37 Mayia 73 "2 Nov28 3634 Nov 80^ Feb {26 28I4 26 26<% 27V; 27 27 27 2684 2679 26'a 27 Rubber Goods Mfg '2979 Deo 6 10,450 1434 Apr 15 12 J'ly 30 Feb' v, 95 96 95 95 95 95 95 96 5951, 95 "s 95 95 ig Do pref 1,270 7434 Jan 15 y8 Deo 2 60 J'ly 841a Feb •61 Vj 63 6234 63 68 60 79 6112 Sloss-Sheffleld St. 621a 6278 63 6212 62 22i4 1,100 311a Jan iron 65i%Novll 0ct 72 Feb 102 102 98 102 102 104 100 100 Do pref 100 77 Jan 105 Deo 3 67 Nov 97i3Feb „ a-a 21-^ 238 2V, 21a 23| 2 'a 234 2 Standard Rope & Twine* 21a "2»; 1,S00 34 Mar 4 5 Novl8 34 Sep evjFeb 70 71 7014 7138 7114 72 71 71 7112 Xenn. Coal, Iron & RR." 70 Vj 70 70 8,000 31»9MaylG 77 Vj Nov 17 25 's Nov 6839 Mar 36 39 36 39 36 89 86 89 14 36 .34 39 Texas Pacific Land Trust 39 v^ 25 MayiO 39 NovlO 22 Aug 4034 Jan 934 934 Union Bag & Paper 100 378Augl9 1314N0V22 4V2J'ly 15 Jan 68 68 71 71 71 71 Do pref 500 Feb 24 75 14 Nov25 5734 Deo 7934 Jan 45 v, 23 23 7j, 2334 24 «8 2379 2434 231a 241a 2334 24 12 XJ. S. Cast I. Pipe .feFotm! 19,570 24 241% Is May 10 6 204 3 Dec 6 Sep 15 Feb! 8234 ssi^ 8312 85V SiH 863b 85 857a 8518 851a 86 8578 Do pref 17,725 40 Mar21 8l38Deol9 33 Nov 65 Feb •119 126 {120 120 120 185 }120 126 120 127 •120 127 United States Express..! 105 100 Feb24 §128 Novi8 95 Aug I5014 Feb 121a 127t 121? 1234 1212 1319 I319 I414 1338 13-8 13 la 13-'4 United States Leather. 31,56» 6 v, May 2 7 20^4 Deo 9 6 Sep 15 "4 Feb 101 14 10138 101 lOl'g lOO'glOli* lOlialOlTg 101 lOlVjlOl's 39 10179 Do pref 7559 Jan 4 106 12 Lee 5 71 v, Oct 9634 Itfa^ 16,435 •79 lv\ 7878 80 79is> 7934 •7dia 79 Sj 77 78 78 79 XS S Realty & Improve'nt 3.031 43 J'ly 13 84v,Nov22 35 14 S6 35 36', 36 "a 3834 3734 3814 37Vj 3818 3713 377, United States Rubber... 22,100 10 v, Feb 6 3412 060 30 983* 99 7 J'ly 191a Feb 99'4lOU38 100 101 lOOVjlOlVi 1007gl01i8 10079100^8 Do pref 8.500 41 Jan 4 100 Dec 29 30 14 J'ly 58 Feb 281a 2914. 29 30 29 14 29*8 2938 2934 29 29 "8 30 United States Steel 29 ^ 838 33i8Deo 167,370 Mayl:i 5 Not 3979 j-eb 91 1« 92 10 v, 91 93 92 9234 92 921% 917g 93i8| 9179 9234 Do pref 183,200 SmMaylS 9559 Dec 3 4934 Nov 8934 Jan. 87 14 3712 -'8 371a 38S| 38 371a SSV, 38^4 37 "4 3439 35=8 Virginia^CaroUna Chem. 35 22.070 2234 J'ne29 44i8Deo 5 17i2Sep 6609 Feb 109 14 109 1< 109 109 109 109 10334 1083^ 107 108 v^ 105ial06 Do pref 4,415 9769 Apr 16 116 Nov29 80 Ang 12812 Feb; 40 40 40 42 41 41 401a 41 41 41 41 41 Virginia Iron Coal <ft b.. 1,000 18 la Sep 7 44 Not29 17 Sep 3979 Feb •233 246 233 245 233 245 233 245 234 245 •234 246 Wella, Fargo & Co §200 J'nel6 250 Ang23 J191 J'ly 249 la Feb 9278 931,, 93 933g 93 93 14 92=8 9 2 ''8 9213 9234 93 921a est'n Union Tele'gph i!640 85 May 19 94 "a Dec 16 8014S0P 93 Jan 179 179 V, 179 180 180 180 180 V, 180 S, 18012 180 H; IbOialSlia West'gh'seEl cfe Al fg assen 2,400 153 May 2 185 Deo 17 130 Oct 221 Jan 185 195 187 195 187 195 187 195 187 194 Do 1st pret 180 Augl7 198'aNov28! 160 Sep 1224 Ja« St. Jm • vv & A 64 1 H3 .", im 89 60 ^ i 66 38 86 C & i I BANKS AND TRUST COMPANIES-BROKERS' QUOTATIONS Banks Bid United 93 Wa8h.H'htsli 200 West Sideli.. 550 York vlU ell .. Ask Banks 96 BROOKLYN 4'JO SHOOKLYJl Borought 120 Broad wayii.. 300 135 Brooklynli 145 £id MeclianicsH Merchants'. 280 130 Nassau Nat City North Sldelj 375 290 230 People's^... 290 Prospt'CtPkTI 135 17th Wardli. 150 Ask 410 310 Trustees. Bid N. T. CITT Bankers' Tr. 410 Bowl'gGreeu 222 BroadwayTr. 160 C'lR'tyB&Tr Central Tr'st City Trust... Colonial '-J * Ask 225 168 Trust Co's FarmLo<feTr Fifth Ave Tr Guaranty Tr Guardian Tr Knlckrb'k'r Lincoln Tr. Manliattan .. t219-5 Mercantile .. 330 350 Merchants'.. t;f89'4 taoov, Metropolitan GO 65 MortonTrust t240 Mut. Alliance tG75 N Y Lite&Tr 67, . Bid Ask 1490 575 670 700 175 180 'J70 435 475 975 500 1010 225 Trust Co's Bid 700 North Amer. 1300 Real Est Tr't 325 StandardTr't 390 410 TitleGu ATr ^2212 Tr Co of Am. .">20 530 Union Trust 1410 USiVltg<feTr 500 Unit States tl-Wfl fl520 Trust Co's Bid AsMi N YSec&Tr BBOOKLTN Brooklyn Tr 400 Flalbush .... 210 Franklin .... 325 Haruilton 320 Kings Co.... t475 L IbI LcfeTr. 275 Nassau 250 People's 340 Williamsb'g. 235 3BQ 350 ; ; 290~) 625 Van N'denTr 1235 360**j 900 910 WiisluiiKlou 415 380 400 Unioni, 165 175 iSiupire 205 Windsor 195 185 Haonfactrs'. 345 V; 24S / WallaboutV 155 Kquitablo Tr 1050 • Bid and asked prices' ""^ no sales on this day. i Loss than 100 suaro.s. t lix ri:?at8. a MX dividend anil rights. 1 Sale at Stock Kxchaii ge or at auction this week. Hx. slook dividond. s Trust Co. cort,i:ioj,C93. lianss marked with a paragraph (U) are State banks .. 140 Con'yI&BBi! 140 First Sprague 225 Siuyvesanfj 190 . Ooiiimonw'tl) 'j New York Exchange—Bond Stock Record, Friday Weekly and Yearly OCCUPYING FOUil PAC^ES IJONDS 10438 10438 10334 104=8 104i2Aue'04 104=h 10634 105 "s 104Sa ....1925 Japanese Govt 6a sterl'g.l911 A-O 105 10579 Si 106 130 1^ 131 & Co ctfs 4a 96^ SSSb 9979 104 tOOig Sale 130'sl34 11134 110 Suite Securities Alabama class A 4 to 5 1900 Class B 5s 1906 CUtss C 4s 190G 1920 Currency tunding 43 Diat ol Columbia 3-65S.... 1924 j-j j-j j-j hese are pr ices ;Louisiatia new eonsol 4s. .1914 J-J fNortli Carolina eonsol 4s. 1910 1919 6s 89 951a 8934 90 98Si 1031a 104^8 191 100 on 5 *97ialOOia 94-4 310 Vce asis 101 1^ 102 14 Dec'04 109i4Oct '00 lOl^a 99 lOOa* 102i.2Mar'02 j-j F-A 967e, 1234 a-iSg 1»64 94 94'4Sale 1954 'i'i 9334 103 Mar'02 11934 Oct '04 1051.^ Dec'04 19o'4 Dec'04 943t 0/ $0 to £. 10234 11 1 120 103 121 lOlJa 1193j 11934 1021,1051a 102 14 10 L 1361-2 J'ly '01 ' 'So Carolina 4 »28 20-40 Mar'OU 971, Dec'04 9514 95 1.2 Dec '04 95 120 1933 Tenn new settlement 33. .1913 Small Vii-giuia fund debt 2-3s...l991 68 deferred IO6I4 IO8I4 1041a 108 13178 13278 105 't. Sep '04 lU9i&Jau'05 92. k Sale series 68 otfs lull paid Bepub of Cuba 58 ctta lull paid Sep 10484 Sale U f> ot Mexico 8 f '^ 5s ot 1S99 y-J t 97 , 'b 1041a 107 la I3H2 13a"8l>co'04 2(1 - 104 la 108 Government roreipni Speyer 104=8 J'ne'O" 104iiir>ec'04 10f.38J'ly'04 96 97 93% , 96 "s 14 »a Sale Brown Bros ctfcs. , y 7 "s Dec'04 141.2 15 12 69 91>a 9714 951a 9736 61a Hi 1.2 liailroatl ' So Ry Alabama laba iLidl Hee At Coast liine Albany ifcSusq ib'ee l)el& Hud >AUeglieiiy Valley (SeePeuuKB Cent /See & West tiee Bull R & P /il995 Q-J 'Ann Arbor 1st g 4s 'AtchT& S ffegeng48...1995 AG Registeretl 1995 A-O Adjustment gis ftl995 Nov /tl995 Nov Registered.. ^Alleg ' /il995 il-N Stami)ed 97 Sale 10334 Sale 96 "u 10338 lOlHiloaia 101 Dec'04 UAH 95 94=8 94=8 821-2 95 101 Sale 94-->e Debentures 4a Series D. 1906 F.A 1907 F-A lOlSg Series E 1808 F-.'^ 10U3» Series F 991-2 Series G l9oy F-A 9919 1910 F-A ''•Series H .: 1911 Series 1 Series K " 1913 East Okla Div 1st g AU Knox it Nor 4s.. 1928 1st gSs.. 1940 Atlantic Coast Ist g 48./il952 Charles & bav 1st g 7s.. 1930 1st gold 6s. .1934 Sav i!' & let gold 5s 1934 Ala ilid 1st gu gold 58 1928 Bruus & \V Ist gu g 4s 1938 Sil Sp Oca & G gu g 4s 1918 Aldaiitic & Uanv Hee South Ej Atlantic & Yadk mee South Ry Austin <fe \V See Sou Paci!i< Balt& Ohio prlorig3>as. 1925 Registered 741925 Gold 4s ;il94b Registered.. ...7il94t^ Conv deb 43 1911 'PJnn<fcM Div let gS "281925 W . N W L E & Va Sys ref 481941 Ist gS^as... 1925 Registered hld'2b Monoii Riv 1st gu g 5a.. 1919 Con Ohio R 1st cg4'28.. 193(1 Pilts C18V & Tol l3t g 6s 1922 Pitts <fc West 1st g 43 1917 '.P SoaOiw Div , , J P M & Co cerlls Bat Creek & s See Mich Cent Jieech Creek /S^e N Y C & H . FA FA M J S -D il-S J-J A-O A-O M-l\ i-'H 971-2 J-J y-J Jau "'7 '04 95 29 98 99I4 9934 9834 99I4 Deo '04 991.; Nov'04 Oct '04 Nov'04 Nov'04 93^ 97 97^4 99I4 99 2 1112 1 1 *101i4l01=j 101 lOl-'i 135 . 130 125i6Nov'03 1125„ Jan'04 1141a lli'-jllO's 14i4 0ct '04 J-J J'ly'04 9734 Oct '04 951 102 9434 1041a Sale 1041.2 'J','. Q-J 104 Is Sale 10413 105 I4 1041b 5 M-N 91'i4 -M-N 99 J-J y-J 9 2 3a Sale Si 911-2 917e f-A 1081.2.. 108-'., .. 121^8.. 105 108 1 1 1-2 9 1-2 100 100 981.. 9IS2 12 1 Mar'U4 Sep '04 Mar'04 Nov'04 Sep '04 9278 963, 92 14 96 IOOI4 I0;i3j iOO 103 106 97 871a 9234 92 Si 100 la 87I4 94 54 99-4 100 92^2 202 9218 90'4 J'iy'02 100 M-S A-O J-J NoT'04 106 93 98 1»3 1033^ s 99 la 99 14 9734 Sale 96 9934 112=8 112=8 109 114 14 9.! 95 100 97 S? 971.2 98 b 981a 9534 97 92 14 99I4 112 1121a 291 91 10134 A-O ijl- 9178 9914 OS's ^04 99 10334 87I4 98 821a 821.2 87 S. 951a 99 991-2 981-2 98 'g J-J 63 Aug'04 993, Oct '04 991-2 Nov'04 .':: '' 97 10334 143 lOoialOJia 108 1091.2 11912 122 98 100 100 100 Bellev&Car /See Illinois Ceui & Moutauk dee Ijoug 1 'Bruus & West Hee Atl Coast L Bklj'U j •Bultalo iButtalo N Y <& aee Erie Erie R «fc P gen g 58.. .1937 M-S 117 AU& West 1st g 4s gu..l99S A-O IOOI2. CI & MaU Ist gu g 6s 1943 J-J F-A 12612 ; Roch & Pitts 1st s 6s... 1921 Cousol 1st g 6a 1922 J-O I24O8I26I2 :Butlalo<& South west /See Erie 9334 Sale rBull & Susq 1st rel g 4s.dl951 J-J Bur Cedar R<fc No 1st 58.1906 J-D lOliiiSale Con Ist <fe col trust gSs.. 1934 A-O 1191-2 Registered 1934 A-O R f i' <fe N 1st gu 58. 1921 A-O 113 di St L. 1st gu g 78 1927 J-O 1020el03i4 Ylanada South latos 190s> J-J \\J'2<i 5s 1S13 iVi-S 108 . , ,'' : ' , ' W ' M Registered iCarb & SJiawu 1913 ; 1131a 117=8 103 Apr '97 121 Hi Mar'04 1243^ 98=8 101^ 1211a I2II2 121i«124 Jan '05 98^8 IOII2 97131001* 10378 101 115 la 122 120 1.2 Nov'04 120'-2Mar'03 112 Si Sep '04 iioiaiY'iia 1021a 100 104=8 109 100 107 14 1021a I0314 107% 107 107 J'ly'04 /See 111 Ceut /See Seab Air L Carthage & Ad See N i' C H 1' Ced R ia, N See B C R <& N Branch jCen U P l3tg43...1948 'Ceu Branch liy /See' Mo Pao Carolina Cent I !U'.-S 115^2 Dec'04 <fe I <fc • J-L> RR <& B or Ga col g us 1937 Cent ol Ga KH 1st g 5a..ijl945 WIN F-A 1945 M-N Ceu ; i ' < , Cousol gold 5s Registered ..1945 Al-N })1945 Oct yjl945 Oct 7)1946 Oct 1st pre! income K 5a 2d pre! income g 5« 8d pref income g 58 P4ii 110 1191.2 113 lb 121 Kale 94 Jan 110 Jau '05 120^4 Oct II318 107 "9"l'""9'2" 90 71i2Sal6 61 '.i 63 69 60 90 90 106=6 1121.2 1 U!ial203^ 113=8 100 10334 114 'ne'04 1051a 107 0534 93 91 "o'o 73 621* 218 28 31 18 Ul.SCKI.l/A.NEOUS 747^ 651a '. Conn liy& Llsttfe ref g4%8'61 l)eu Cou Tr Co Ist g 53. ..1933 Den 'I'ram Co con g 68. .1911; Met ity Co Ist gu g 6a. .1911 Dot Cit St Ky 1st con g 68.1905 Gr Rajuds Hy Ist g58...al91i' i/uuis Ry Co Isl con g5s..l93(. ilet St Ry gen col tr g 5a. 199'. '. A-O 108 110 108% K4%Sale 83 <i J-J J-J 10778 M-N 106 112 FA F-A J J Avlstgu l.'nd.ay; pnoe 92=8 114 93 87 Sale J-J 1 < 104-4 102 IO7V4IO7I41 136% 128 10 7% 133=8 1111,114>4 10434 102 12 100 107% Jan '05 104 106% 10934 lll%J'ly'04 119 UII2 106% Oct 96 84 la Sale 95 81 1« Salt 100 la , 10134 "a 84% , oeiaSale '02 95% 95% 81% 85I4 74% 8278 Sep '04 85 81 8I34 »334 Apr'02 10434 Apr '00 10134 Jan '05 95=8 96% 20 90% Apr '04 10638 llOig I0212 107 Sale , 91 91=8 10534 10934 10934 105 100% 102 14 Nov'04 102 107 105 102 97 14 99 90% 10534 Aug'04 11014 Jan '05 107 103 1-2 107 101 10034 Dec '03 Feb '04 100 10034 IO6I4 108 11334 105=8 133I4. ... 106 Dec'04 105 IO8I4 119 113%Dec'04 105 129 120 120 117 120 1171a 118% 131 134 114 108=6 112%115 10538 108% 105 Apr '04 114%120 Dec '02 Sep II2I4II7 '04 134 134 116% Nov'04 126-2 132=8 109% 108 169 109 107 14 178 Oct '04 Dec'04 110%. 109 109% J'ne'04 . 111% 116% 109% 178 111 112 IO912. . 97 14 116% Apr '03 111%. 112 98 's 11538 120 Dec'04 110 120 110 116 . II2I4 184 111 10912 1091a 98% 9734 1151a. lis 110 Sale 116=8, 129 129 120 109=8 11234 11434 11«% Jan '05 112% Nov'04 137% J'iy'99 10934112% 1321a. 114 S^ 11434 11638 118% 100 106 169 169 . 105%. 178 A«g'04 Mar'04 Aug'04 1073g Oct '04 109 ... . llOialll 115 110% II6I4II7 129% 112% 113 106 107% 110% Sep 111 111% IIOI4 113 10934 112 '04 115% 1151a 110% Dec'04 116% Jan '05 111 110 Sale 116% 129 14 127'>8 "a 112 II4I4 118', 129 14 104% Dec'04 102=8 May' 04 99100 103 Nov'98 116 Dec'04 10534 100 11434 106 169 113 180 11334 ^ 10578.:... 130% 10234 105 102 ''8 102-8 96% 100% 115%.. .. 114% 115% 111% Dec '03 111%11S 111 11034 Dec'04 108% 107 108 14 11034 106 107 Mar'04 10414 1061a 103=8 Nov'04 103 104 Mai-'04 110% llOia Oct '04 110% 10834 Jan '04 116 115=8 Dec'04 II5I4 Nov'04 10634 103=8 !"'« 104% 107% 110% 104 10.'..34 10834 ilji4ll8 114%116 , 10o%May'04 104% 104% 105% 105% 109%.... 105=8 Nov'(i3 10934 J'ne'04 109 % 129'4.... I2II4.... 128=BDec'04 6 II9I4 Nov'04 117% 119% 142% Feb '02 131% Jan '05 13134 133 1041a Nov'04 10738. .. 105^.... 133 .... 131=8.... 10212.... '8 2% 12934 11 103 103 Apr'04 104 .... 109 Sep '03 122%.... 12234 1223, 121"... .. 124 Nov-04 10514105% 104% 105 14 107 Jau "03 '97' 97=8 34 Salt 9734 1U3 100 14. 101 101% 101% 96'4 9434 9434 94I4 9414 97 . 14 96 93 94 90 , Sep 121=8 i:-^o 120 101 124 9534 '04 J'ly'04 MaV04 May'04 Dec '04 May'04 106% 97 97 97 96 93 94 90 93 94 90 •^ti : 82 Sale 8 134 82 ^^ 060 66% 827, 7934 76% 71)1...: Sep '04 "95""<)5'i8 95 95'- io'i 73 96% 10434.... 104=8 109 109 Dec'04 109 .... 10378 Jan '04 103% 10379 19 13 G gen g 58 .ol919 5s 1952 Des M & Ft D Ist 2ia8 ..1905 Keok & Des .M Istos 1923 golil 95 109 Sep '04 15 95 104% 106=» 10634 J'ly'04 I'jiae. 8434 82 99% 109% Mot St Ry—CC'oHyRcl g 4s2002 A-O 93% Sale 93 Lex AvA P F 1st gu g 5s 1993 M-S 120 Salt 119 7 2 '8 8:. 34 109%Nov04 "6 lo73ello 106 106 100 106 1113, 112% 92=8 Jau '05 87 87 98 95 A-O J J Jan '05 J'uo'OO 25 100 S2 37 79% 1 ! 1 93 90 104% 103 J-IJ JJ F-A tJiia 10034 Third A vo R R con gu 48 2000 J-J 95 Isl g 58.. 1937 J-J El (Clue) Istg 43. 1938 116 96 Ave Ry .MetWS El Ry & L .Mil Minn St Ry Nov'Ol FA 30-yr g 5a. 1920 F-A Ist cou g 5s. .1919 1st g 58.1937 .VI- H&P JJ SI Jo Ry Lt St Paul City Cab con ll 58.1937 J-J Uuder(.;round Eleo Rys of Lou J-D A-O Onited RRsSau Frs 143.1927 United Rys St L Ist g 48.1934 'j-J W Chic St 40.yr cons g 53.193C VI-N Sale 97% 95 Jan 90 106 90 Oct '99 '05 12 89 8 114 51 115 110 9738 Sale ; 8738 Sale 86-\ 110 24.") 09% Dec '99 S738 «'j7e 88 86 7^ 93% 118% 997, 121 95 106% 106% J'Iy'04 97% 93.''8 116 '"i 94 106% Nov'04 10734 113 93% 120 9478 116'% 50 3 110 99U 75% 88 79% 89 97 aim 'OS 09 Dec '97 n9-, 149 i'l2%il87^ i.as nnci Klectric liiiglit 117% 5 112% iiy .Vtlanta G L Co 1st g 5,s...l94'i J-D 121 4 115% IvO aDaeJnn <t Duo Apr « Duo .ilu,y i/Duoj'ue ADuoj'ly /c Due Aug oDuo Oct p Due Nov ^Option sal* 109 11H%120 118% 117% 117% 121 121% 121 week. 90 aniird don Prolit sharini,' 5s... loob llinon 101 (Chic) Iwt g 58.. 1940 J-J J-J g 58.199., latest Salt 108% J-D i'-w8ydi;7lhAvlstcg53l94;- J D "No price 104 104 Street ittiiUvay , , 10414 10178 Sale 92% 96 Feb '04 J'ne'99 1091.2111% 1191a 62 11434 120% 117% Oct '04 113 118 108 109 '225 100 4108% 103 Apr'Ol 112 .... 112 May'03 101»4l"02l2 10134 11 99% 103% 102 94I4 99 96 98 Dec'04 (Ho on Next I0714 Aug'04 134 Jau '05 13334 1333. II4I4 Dec'04 1071a 109=8 119 Sale 119 Sale 1083* Sale M BONO S—Continued High No Low High Dec'04 109 102 105 W Cousol 1904 96 104 102 1051a 10334 R& Choc Ok Year Last Sale Ask Low 112 Y& Jiamg» or 941a IO8I4 109 134=8 1331a Am Street Uailway Jirooklyn Rap Tr g 5s 1945 l8t refund conv g 48 2002 •BkCity 1st con 53.1916, 1941 iJk y Co & s con gu g 68. 1941 U u Kl Isl g 4-5s.l950 , Bklyu ^ Kings Co El l8t g 48....1949 1951 Na.ssau Klec gu g 43 / City ik S Ity Bait Islg 58.1922 Col<fc9lli Bid Chatt Div pur mou g 4s. 1951 Mac <fe Nor Div 1st g 5s. 1946 MidGa<fe Atl Div 53.. ..194 Mobile Div 1st g 5s 1946 Gent o£ N J gen'l gold 58. 1987 Registered /tl987 Dock& Imp su 58. .1921 Le<fe HudR gengugSs 1920 Deh <fc wnks B Coal 5s.. 1912 Con ext guar 412S ffl910 N Long Br gen g 48 1941 Cent Pacific See So Pacitic Co Chas <fc Sav See Atl Coast Dine Ches & Ohio g 63 ser A../il908 Gold 6s al911 Ist eonsol g 5s 1939 1939 Registered 1992 General gold 413S 1992 Registered Craig VaUey 1st g 58 1940 A Div 1st con g48.. 1989 2d cousol g48 1989 Warm Spr Val 1st g 5s. .1941 Greenbrier Ry Istgug 4s '40 Chic & Alt RR ref g 38... 1949 Mailway 1st lien 3ias... 1950 Registered 1950 Chic B & Q— Cli & la D 58 1905 Denver Div 48 1922 Illinois Div 312a 1949 1949 Registered Gold 48 1949 Iowa Div sink fund 5s. .1919 1919 Sinking fund 4s Nebraska Extension 4s. 1927 1927 Registered 1921 Southwestern Div 4s Joint bonds See Great North Debenture 58 1913 Han & St Joa eonsol 63.. 1911 Chic<fe E mists t cur 68.1907 1934 Ist cousol g 63 General cousol Ist 5s 1937 Registered 1937 Chic <& Ind C By 1st 5s. 1936 Clucago & Erie See Erie Cliic In & Douisv ref 6s... 1947 1947 Refuntling goldSs Douisv N 2^ & Cii 1st 6s. 1910 Clue Mil <& St Paul con 78 1905 1914 Terminal goUl 58 General g 4s series A..el9H9 Registered el9b9 General g 3ia8 series B.el989 1921 Chic& LSuDivg5s Chic <fc MoRiv Div 5s. ..1920 1910 Cliic & Pac Div 6s 1921 Chicfe P 1st g 5s 1916 Dak& GtSogSs 1924 Fur & Sou asBU g 6s 1910 Hasltfc D Div 1st 7s 1910 Ist 58 1908 I& D Exteu 1st 7s 1919 Lacrosse cfe D 1st 58 1910 Mineral Point Div 5s 1910 So Minn Div 1st 6s 1909 SouthwestDivlst6s 1921 Wis & Minu Div g 5s 1910 Mil & No 1st L 68 1913 Isl eonsol 6s 1915 Cliic & Northw cons 73 1886-1926 Extension 4s 1886-1926 Registered gold 3ias 1987 General »19s7 Registered Siulungfund 68. ..1879-1929 1879-1929 Registered Siukiugfund 53.. .1879.1929 1879-1929 Registered 1909 Debenture 63 3 909 Registered 1921 Debenture 5s Registered 1921 1933 Sinking luud deb 5s Registered 1933 Des Mo & Minn l3t 73. .1907 Milw & Madison 1st 6s. .1905 1910 North Illmois 1st 5s Ott C F & St Paul 1st 53 1909 Winona & St Pet 2d 7s.. 1907 MU L S <fc West 1st g 6s 1921 Ext<fe Imp 8 fund g58 1929 Asliland Div 1st g 6s. .1925 Mich Div Ist g 6s 1924 Couvertible deb 63 1907 lucomes 1911 Isl Rock & Pac 6s... 1917 Chic Registered 1917 General gold 4s 1988 Registeroil 19H8 1934 1st cfe refunding g 4s Coll trust Series C 4s .. 1905 1910 H48 M4s 1915 1916 N4s 1917 48 1918 P48 Chic R I & Pao RR 4s. .2002 K()<.islered 2002 (JoU tiuat gold 53 Week's Mange Jan 13 Migk Ao Low Migk Central of Qa,—C Continued 104^210714 1041^10614 104.^1 iYtce PricLav STOCK EXCHANGE Week ENoiNa Jan 13 N. Y. 1904 10478 IO5I4 Aug'04 104''8 105 Dec'04 104>4.-. 105 1-2 106 130 131 109 1925 islauda 4a.l914-34 - Year o o 107 7il907 /il90 S 4s coupon Ufluiippine Last Sale Ask Low Bid D. S. GoTemiiient 'V S 2s consolregislereil.dl930 '.V a 28 cousol coupon (tl930 "U S 3sregisterea /cl91-S 'TJ S 3s coupon &1918 "U S 3s reg small bonds. .&191S IT S 3s co'u small bouds..fcl918 U 4s registered 0 S 4s coupon 0 SS48 registered Range or Jan 13 BONDS Bange Week's Price .Friday STOCK EXCHANGE Wehk Ending Jan 13 N. Y. J Jan. Bond Eecord—Continued—-Page 2 14, i'Juo.l M P Chic 3t Cons 68 cfc reilucefl 6a. ..1930 t5s...l919 A-O g 48. ..1947 J-J 13058 124H, JJ Coupon ofif Chicds West Ina gen st)8?1932 Mich See Pere Marq Chic & Choc O & Gulf &ee C R I & P W <fe D consol s 1: 78. ..1905 Q-JI /See C C C & St L C I St li <& Gin S & C See C C G St L Clearfield & JIah See B R <fe P Clev Cin G <& St L gen g 4s 1993 J-P 193<.i J-J Cairo Oiv Ist gold 48 Div Ist g 48.1991 J-J Cin <fc 1990 4s.. M-N St L Div 1st ool tr g 1990 .M-N Begistered Spr & Col Div l8t g 48.. 1940 M-S Val Div Ist g 43. ..1940 J-J W M C consol 68..19'20 M-N Ist gold 4s ..../C1936 Q-F fcl930 Q-F . : <fe Registered & Gl con let g Ss. .1928 1914 C G G cfe I consol 78 1914 Consol sink fund 78 General consol gold 68. 1934 1934 Registered Ind Bl & l8t pref 43.1940 1st pf 58...<tl938 O Ind & Peo & East 1st con 43. -.1940 Gin S W W 1904 Mi'jh Loto 85 "-J , 871-2 Sale 8514 88 86 Dec '04 113 113'^4 Ind Istcou gu a 6s. .1926 12934 12934 ti^argo & So See Ch M <fc St P r lint& Pere M See Pere Mar 120 12414 721% 86 Fla C & Penm See Sea Air Line Fort St U D Go 1st g 41^8.1941 110 113 <fc Den G 1st g 63--. .1921 Ft Ft W<S! RioGr 1st g 4s. ..1928 / al Har & S A See So Pac Co iTal H & H of 1882 Ist 5s. 1913 Georgia & Ala See Sea A Line 1111411314 Ga Car & Nor See Sea A Line 9912 Georgia Pacific See So Ry 97 Gila V G cfe Nor See So Pac Co Gouv & Oswegat See N Y Cent Grand Rap cS> Ind See Penn RR 95B8 16 10312 Gray's Pt Term See St L S 1 9934 10 14 Gt Nor— CB<&Qcolltr48 1921 1921 98 9818 Registered. A, 9934 103 Greenbrier Ry See Ches & O Gulf & S 1 1st ref «fe t g 5s bl952 99 100 See C B & Q <fe St Jo J-J ]30i4l32i« W J-J J-D, J-D J-J J-J A-O Q-J 104112 . 98 US . Dec'03 Oct '00 II314 J'ly'04 99 Nov'04 115^4 97Ni, . 101 1013^ 101 99^8 100 J'ly'04 t8i«J'ly'04 ^S lOO^glOia^ lOOTg lOO's 100 Oct '04 99 102 Dec'02 M M Han ousatonic lOaSg 94ii2.^ug'03 105 J an '04 1021*104 100 Nov'04 105 100 112 14. Jan 1101.211514 122'Hj. 112 123 Dec '04 123 126 131 14. 130 Sep 128 130 991-2 ioi'i^ 99 99 99 "ij Sale 74 Sale '05 '04 105 103 ioii-lNoV'oi 9334 9934 95 10034 58 7434 II2I2II2I2 74 73 112i2B'eb'04 Feb'04 116 74i« 9134 74 7410 9134 Sale 116 116 74 12 92 56 82 7712 94 gu g 3^28 1st Lack <fe W Construction 58 A-O M-S 109 3^ M-N I^'8l8. . J-D 12978. J-D 2000 J-D 1st ref NY 68. ..1921 J-J 1923 F-A 1923 M-N Term & improve 4s Syr Bing & N Y let 78. .1906 A-O 110 110 128 Is Deo '04 1293gDec'04 140 Oct '98 109m: 2«8 129i2Aug'04 127 12934 IIII4II512 1001410534 108 14 10978 12818 130 CR DesMoi&FtD See cfe IP See CJi & N <fe Minn Dee Dee Moi Un Ry 1st g 58. .1917 .So <& Tol See L S <fe Det Detcfe Mack 1st Ueu g 4s. 1995 1995 Gold 48 1951 Det Sou Ist g 4s Ohio Sou Div 1st g 48. ..1941 Dul& Iron Range Ist Ss.. 1937 M M J-J J-D J-J A-O A-O W M 13334 Mar'04 2d 68 Dul So Shore W RR IstgugSs al909 Long Dock consol g 6s.. 1935 Coal&RR Ist cor gu 63. 1922 Dock & Imp 1st ciir 68. .1913 .-V Y <fc Green L gu g 5a. 1946 Jett NY Sus & W let ref 58.1937 142 IOOI4 10034 19 Deo '04 109 97 J-D J-D J-D 97 96 71 100 96 90^2 .sale MS A-O M-X M-S M-S A-O J-D Sep 110 ;)634 lU34Sale 1111-3 1113.i Ul 1131s iiei^. 117i8 0ct '04 113 117i« M-X 108 J-J 9212 95I2 37 70 110 11.'' 114 114 1123811334 IO8I4III Ul 11412 IOII2IO312 131i6l35i8 114 J'ne'04 11334 J'iy'04 10938 Sep '04 111 Muy'l)4 l\i\ .. I4 IOO1-.2 101 12 Dec'04 13538 Jan '05 . 130 Ang'03 100 14 102 108 91 1-2 Sale 9II4 95 12 bale 99 Sale 88 95 99 Jau '04 92 25'5 Nov'04 9534 i35 99^4 174 9612 1021..! 98 12 98 H S>Sl2 84 8534 88 .«S34 9534 95 96 12 1251-2. ... 127 Is Nov'04 125-4 127if, 103 122 1« 105 106 Dec'04 12134 Jau '05 103 Oct '04 106 116 103 130 A-O A-O 134^8 M-X 115 12 M-N 100 98 112 116 132 Apr '04 118 J'iy'04 113 k Nov'03 IO8I2 Jan '04 11418 II4I4 1201-2 105 Ul Sale II7I2 106 123 103 132 1 13 12 11834 ibs'i^ibsi-i 104 Dec'04 111 117 111 Oct '04 10912115=0 98 1 04 I0II2IIO 1131-2 117 Dec'04 109'eJau'05 UI87glll38 IO6I2II212 1141.1 J'Jie'02' 104 Oct '04 11334 105 J-J J-J 110 85 A-O 104 J-D 108^ Sale No 11334 Mar'98 110 1904: IjOw Hvghi 116 101 123 104 107 104 116 1071a 1023411134 89 71 85 85 . 1999 Golcfe H V let ext g 48.. 1948 Tex See So Pac Houet E <fe Houet & Tex Con See So Pac Co I Uinoie Central Ist g 48. .1951 -L Registered 1951 1951 Ist gold 3128 1951 Registered 1951 Extended Ist gSi^s 1951 Ist gold 3s sterling 1952 CollTYust gold 48 1952 Registered gold 1 1 1953 1953 Registered 1950 Cairo Bridge gold 4s Iiouisville Div gold3i28-1953 1921 Middle Divregos 1951 Omaha Div 1st g 38 1951 St Louis Div gold 38 1951 Registered 1951 Gold 3128 1951 Registered Spring Div Ist g 3i2S...1951 Western Lines Ist g 48. .1951 1923 BeUev<fe Car 1st 6s Garb & Shaw let g 48... 1932 Chic St L «fe N O g 58.. .1951 1951 Registered 1951 Gold 312S 1951 Registered Memph Div 1st g4s...l951 1931 St L Sou 1st gu g 4s Ind Bl <fc West See G C & St L 1935 Ind Dec & 1st g 58 1935 let guar gold 5s 1950 Ind lU & la Ist g 48 W LNO&Tes W J-J F-A 9712IOO 101 105 Dec'04 i3'7 1909 1921 Iowa Central 1st gold 5s.. 1938 Refunding g4s 1951 Jeflerson RR See Erie & S & G R See L S A Kal an & Mich See Tol <& O C K C Ft S & -M See St L & S F 2d gold 53 3d gold 4s 114 112 CliaOct'Ol 91 91 91 F-A A-O A-O A-O J-J 1073, Dec '00 Dec '04 108 14 100 Oct '04 10838 IOOI2 10 N N 911-2 10378 109 100 100 108 125 94 125 |l25 96I4 Oct '04 1 iio price Friday; latest bid and asked Uus week. 11713 125 93 18 96 14 100 102 106 109 Be. 109^8 109 105i2J'ly'04 100 14 Apr '04 103 lalllia 10 la 107 la too 14110-4 Ul 113 Nov'04 113i2Mar'00 102 Aug'04 94 Mar'03 9914 Oct 'o:-. 70 Oct '04 104i4Deo'04 102 Oct '01 IO412 Jan'05 101 Apr'04 1061-7 Mar'03 113 A-O J-J J-J J-J J-J "99 A-O M-S A-O A-O M-N M-N J-D 10434 lU4i8. 10438 j-a F-A 108 . . 104 95 Sale 104 ! 9434 10114102 70 70 IO2I2IO6 io^i" ibe' 101 95 Mav'99 86 851a 86 Nov'04 2(1 7934. J-J J-J *"93i4! 94 14 Aug'04 J-J 9314 101 Is Oct '99 J-J "9 2' 100 Nov'OO 14. J-J F-A J-D M-S J-D J-D J-D J-D J-D M-S 10718 J-J J-J J-J 109 14 107 14 123 114 1011-2 -M-S M-S J-D . . lueisiii 99I4 ' 101 9314 9714 8434 80 8638 85 «8 93 95 Nov'04 10534 I07I4 1241-2 Ai)r'04 124ial24ia 90 Nov'98 123 14 123 14 11934 Mar'04 93»8M.ay'04 118 87 110 12 Jan '05 103 Nov'04 102 la 109 102 12 103 10534 . i2308. 120 95 115 123 F-A , Mar'04 106 107 12 Dec'02 9908l>ec'04 121 121 102 101^8 101^8 7238 70 la 70 12 11934 98 1« 106 106 98 101 , , 114 14 Sale II414 86% b6 M-S Leh V Ter Ry J-J J-J A-O 1141-.; Dec'04 1 5 97 101 la 10 63 7234 6 109 Is 11434 89 85 731, 10 63 73 14 Oct '00 11734 II8I2 1171-2 Jan'05 11218.... 11234 Nov'04 1171a 11715 II512I2012 IIOI2II412 10 110 116 la IO8I4 Jan'Oi 11138 Dec'04 10434111^ M-N 10812. 11134 98^4 1st guar g 4s. .1945 -M-S 721a 63 J-J gug 5s. 1931 . 101 1-.,. 119 113 Jan 105 '04 . II6I2 Nov'04 . 109 . i(i8 . 99 1-2 Oct '99 Dec'04 Jan '05 107 108 14 105 116 105 107 92 111 99 1161a 1945 M-S Registered EIG&N 1st g 1st pf 6s. 1914 Gold guar 5s 1914 Leh cfc Hud R See Ceut of J Leh & Wilkes b See Cent of J N N A-O A-O beroy & Caney Val See Mo P Long Dock See Erie Long Isl'd— Ist con g 5s./il931 Q-J 1st consol gold 4s General gold 4s Ferry gold4i2S Gold 4s 193i Unified gold 4s Mont Q-J 1938 J-D ?i.l931 192'.: Debenture gold 5s Guar ref gold 4s Bklynifc lst5s 72 la Sale 109 14 Registered Leh V Coal Co Ist Leli&N Y A-O A-O J-J 1940 J-J 1941 Ist gu g 5s. A-O 1941 A-O 1949 1934 1949 M-S 1st g 63. .1911 1911 N Y B M B Isicou g 5s 1935 A-O N Y & R B 1st g 5s 1927 M-Sl cS: NorShB Istcong.gu5sol932 Q J Arlt 1st g 5s. 1927 M S Louisiana <fc Louisv & Nashv gen g Gold 5s 6s. 1930 J D 1937 M X Unified golil 4s 1940 J J Registered 1940 J Coll trust gold 5s 1931 M N 6.20-yr col tr deed g 43.1923 A E H <fe Nash 1st g 68-. ..1919 J D Electric Eiight 88 lOlH 90 M K&T See City Sou 1st gold 3s.. 1950 1950 Registered Kentucky Gent See L & N Keok & Des Mo See G R I cfe P KnoxvlUe & Ohio See So Ry Lake Erie &Wl8tg 5a. -1937 1941 2d gold 58 North Ohio Ist gu g 58.. 1945 L Sho & Mich S See Y Cent Lehigh Val (Pa) coU g 58.1997 Leh Val Y 1st gu g 4 I28.I940 IO8I2. 1061-2. 106i2K'ov'04 100^8 1061-2 117 99 113 UeiaOct'Ol 116 118 103 105 100i2Dec'04 100 Oct '04 99 14 Oct '04 98 104 96 100 101 'a 99 14 99 14 1011-2 102i4.Tan'(!5 II318 102^4 Sale 110 1995 J-J Peo Gas & C 1st con g 68.1943 Refunding gold 5s 1947 Ch G-L & eke 1st gu g 53 1937 Con G Coof Ch lstgug58.'36 Eq G & F Ch Ist gu g 63.1905 Mu Fuel Gas Ist gu g 53.1947 Syracuse Ligliting 1st g 58.'51 Trenton G <fc El Ist g 5s. .1949 Westchester Liixht'g g 5s.l950 10234 J'iie'04 10234 109 105 12 115 IO514 Mar'03 UII4 1071-2 10938 109 Mar'O Sep '04 Nov'04 103 12 IO312 Dec'04 119 119 Jan '05 II6I2 Dec'04 117 102^8 Sale 102 la 10; 115 9334 Sale II418 118 12 101 's J'ne'04 1151a Due '04 9812 98 7p 114 Dec'04 109 1091. 90i4J'iy'04 110 110 94 78 95 la 10478 Dec'04 1201-2 J'ue'04 100 Dec'04 Mar'04 A-O M-S 125 125 Jau 10712 10634 Dec'04 J-J 108 107 J-D J-J 1 0734 '05 109 ig 108 Jan '05 108 1071a 10712 100 la IOOI2 101 102 la Nov'04 102'% M-N J-D M-S J-D lllia 9C78l02ia 110 100 Is 103 no 112 NYGELH&Pg 1st consol gold 56 J-D 901a SeeStLtfeSF Gas and 9534 101 13 M on Next Page. 17138 19234 99 14 J-J J-J Nov'03 i77" Sale Nov'04 177 991^ l.Wl 981a 104 Int& GreatNorl3tg6s..l919 M-N 121 BONDS—Continued 4 112141171a 54 7014 99 104 NY&QElLdiPl8tcoug5sl930 F-A IO714IO9 N Y cfc Rich Gas 1st g 58.1921 M-N J-J 69 175 lie's 10134 1041a J-J J'ne'03 iiesg MN 9978 Sale 9812 J-J Q-J Lac Gae L of St L 1st g 5s.el919 Q-F 109 110 9OI2 Milwaukee Gas L Ist 4s.. 1927 M-N Mut li'uel Gas Co See Peop Gae 58.. .1948 J-D 110 Purchase money g 4s. ..1949 F-A 9514 Sale Ed El lU 1st conv g 58. .1910 M-S 105 1051-2 11614 P.A 103 la Dec'04 .1 l(»y3^ , M-N A-O M-S I2S- 1999 Registered Registered 981^2 J 9913110 66 12 90 10934 117 II514II7 114 1011-2 Sale A-O J-D '04 lUl.SCEI.iLANEOlJS Ga.T& ElecBergCoc g5s.l949 Gen Electric deb g Sias..l942 Gr RapG LGo 1st g 5s. ..1915 Hudson Co Gas 1st g 5s. .1949 Kan City (Mo) Gas let g 53 1922 Kings Co El L & P g 5s. ..1937 Purchase money 68 1997 Ed El II Bkn Istcon g 4s 1939 Oct or. '04 U2 Mange year a; <fe Hock Val 1st consol g KCcfeMR&B K^n C & Pacific Sep '04 95i2Dec'04 70 70 90 90 lo 117 Nov'04 Mid RRof N J l8tg68.1910 A-O 11018 Wiflv & Ea 1st gu g5s.l942 J-D 110 Erie & Pitts See Penn Co KdElU Se«NYG&ELH&P Kq G LN Y let con g 63. .1932 Kq U <& ITuel See P G «& C Co 102 12 109 101 91 103 94 83 100 136 137 132 Lj J-J 2d gold 4><28 1937 F-A General gold 5s 1940 F-A Terminal 1st gold 5s. ..1943 M-N Regis $5,000 each.. .1943 M <iiiN and Electric Light Bklyn U Gas 1st con g 5s. 1945 Buualu Gas Ist g 5a 1947 Control Gas conv'deb 6s 1909 Cousum Gaa See P G <fe C Co Detroit City Gas g5s 1923 Det Gas Co con 1st g 5s. ..1918 Kd El III Bkn See K Co E L & P 146=8 IO414 109 lOO^s 1091a 109 1« 9812 Sale 9812 99 89^8 90 891^1 89 14 95 a7 Jail'02 - A 10414108 103iel06 146S8Ocf04 108 M-N & AU g 58..1937 J-J M lt> aet of Minn See St P M & XLiast Ten Va & Ga See So Ry Elgiu Jol & East let g 6s. 1941 r^,-N Kim Cort & No See Leh & N Y Erie Ist ext gold 4s 1947 1919 2d ext gold 5s „ Sd ext gold 412S 1923 4th ext gold 6s 1920 6th ext gold 4s. 1928 1920 ist consol gold78 let consol g fund 78 1920 Erie 1st con g 48 prior.. 199G Registered.. 1990 xst consol genUeiig4s..l996 Registered 1991) Penu coll tr g 4s 1951 50-year conv 4s 1953 Butt N Yifc Erie 1st 73.. 1916 Hna& S gold 6s 1908 Chic<k Erie 1st gold5s. .1982 13334 137 14 149 Aug'Ol 104 14 Dec '04 103 1« Nov'04 H Se« N Y N H 4 Kan 1937 A-O 1916 J-J Registered 128'a 133 .... 103 Jan '05 107 14 10634 Jan '05 102 Feb '03 . 1936 Improvement gold 6s... 1928 1939 Eio Gr West 1st g 48 Consol and col trust 4s 1949 Utah Cent 1st gu g 4s al917 Eio Gr So gu See Rio G r So 127 12 130 114i3J'ly'04 103 107 93 .... Warren let ref gug 3 128.2000 F-A Del & Hud let Pa Div 78.1917 M-S 137'4 .... 1917 M-S Registered .Alb& Sua let con gu 78.1900 A-O 1061*,. 1906 A-O 103^4 Guar gold 6s Kens & Saratoga 1st 78.1921 M-N 14218. Del Rlv RR Bridge See Pa RR Denvcfe R Grist con g 48.1936 J-J 10034 Sale Consol gold 41^8 Nov '04 123 106 107 106 114 W W Dak Ev& or Last Sale 121 J-J A-O A-O A-O 132i9Nov'04 yiQ\ Mar'i)4 124i4Dec'04 6s. 1921 Range ^sk Low Bia & T H Ist cons ^^ Weelc's fVidav Jan 13 1942 1st general gold 58 Mt Vernon 1st gold 68.. 1923 Sull Go Brancii 1st g 53.1930 ISO's 13534 88 Prtce STOCK EXCHANGE Week Ending Jan 13 N. Y. No Low Migh I34ij. Dec 'OH IS A-O 1990 Apr Income 48 CI Lor & Wh con Ist g 58.1933 A-O 11534 Clev <fe Marietta See Penxi RR Clev & Mahon Val g 58.. .1938 J-J 114 Clev <fe Pitts See Penn Go 1947 Col Midland Ist g 4s Colorado & Sou Ist g48... 1929 Coluin & Groenv Se* So Ry Col & Hock Val See Hock Vai Col Conn & Term See N & Conn cfe Pas Kiv8 1st g 48.1943 & Gt So See G <fe St P K&T alias & Waco See Del Lack & Western 78... 1907 Morris c& Essex lst78...1914 1915 let consol guar 78 1915 Registered Last Sale 1341* A-O 100 WO I Year ^ 1S37 ,T-J 2d gold ihiS Cin D & I 1st gu g 58. ..1941 IVi-X Ist gu g 48.1953 J-J Gin I & W W O St L or Evans J-D to 3'v8.1930 J-D l8tg6s 1918 M-N Chicago Ter Trans cm H ^sk Bia, Ga...l93(» Ch St P ifc Mmu Nor Wiscousiii 1st St P <fe S City 1st s . Jan 13 134 14 94 14 134 O con Range I'rida/)! Range "S^. Weelc's I'rice STOCK KXCHAXGE Week Knimnq Jajm 13 Chic&StL. 6ee Atcli T & Sa Fe Ghic St L & N O See lU Cent Chic St L. & Pitts See Penn Go N. Y. 151 109 IIII4 IO713 1071a 109 109 100 14 104 ig II514 122 IUHj 117 98 104'^8 10178 lOl'a 109 116 1-2 96I4 Ulia 991a 11534 18 105 IIOI4 871a 90 Vj 1051a 11334 90 961a 102 12 110 11514 1201q 100 12 10734 100 100 11334 128 103 10634 106>a UOHi 104 101 1084 103 lOlia 106 Feb'Ol IIII4 aDaeJan bDueFob dDaeApr eDueMay ADnej'iy fcOueAug oDueOct sDueDec sOptlonsale Bond Record— Continued— Page 3 152 BONDS STOCK EXCHANGE II Week Enuino jan 13 N. T. Pric« }iyidav Week's Jiantje Range or Jan l3 Last Sale Year 1904 Bid Ask Low High Loaisv & K-AShv— (Continued) 105=8 NOT'I)-! LCln<fe Lex .col(l4i28... 1931 M-N 108 129 131»4 Dec '04 Istkolil 6S....19H0 J-J 124^8 Nov '04 1930 J -.7 12318. 2flpbW 6s M-P lloVi. gold .1920 68.. PensacolaDiv 1163a Mar' 02 122 Apr '04 1921 M-S 119 St L Div 1st gold 68 75 J'ne'02 1980 Nl-S 2d gold 3s 113 Nov'99 Hender Bdge 1st s f g 6s. 1931 M-S 10834 98 100 Dec'04 14 Kentucky Cent sold 4s. .1987 J-J L&N & M A l8t g4i28 1945 M-S 109 96 108^4 Dec '04 96 96 L<feN-Sontli )oiat43.1952 J-J 14 II5I4 Jan '05 NFlaJi S Istgu g 5s. ..193 P-A iV6i4 llSi^j. 115 Jan '04 Pens & Atl Ist gn g 68. .1921 F-A 115 Nov'04 S <fe N Ala con gu g OS.. 1936 PA II6I4. 110 Mar'03 Sink fund goW6s 1910 A-0 107*4 . 98^8. 9S"8 Oct '04 Jet! Bdge Co gug 43.. 194 M-S KO&M ,NO& M jVo BO.NUS . <fe L& LN A cfc 9714101=6 105 la 10834 89 981a 115 II712 115 115 112 117 . 1< 9II2 Ch SeeC L&Ij Mahon Coal See'LS&US anliattan Ryconsol4s.l990 Resristered 1990 Metropol El 1st g 6s.. ..1908 ManSW Colnniji g 5s.. ..1934 McK'pt & B V See N Y Cent Metropolitan El See 3Ian Ry Mex Cent consol gold 4s.. 1911 1939 Coupons off 1st consol income g 3s. al 939 2d oonsol income g 38..ol91T 1919 Equip & coU gold 5s Coll trg4^s 1st Ser.... 1907 Mex Internal Ist con g4s.l977 1977 Stamped guaranteed Mex North l8t gold 6s.. ..1910 Mich Cent See N Y Cent Mid of N J See Erie See Chic & N MU L S <fe W 105»8 107 10634 105^8 10634 75 "4 Sale J-J j'ly J'ly "25" Sale 75 75 25 lei^Sale 16 75I4 Jan '05 62 25 », 25 1734 "a 400 FA 96 941a 98 * J-J J 142 1361a 11138 1173e 112-8 116^8 117 98^4 Sal.) -I) Sl990 P-A 96 M-N A-0 M-N P-A A-0 VA M& -M-N M-N M-S MS Dec '03 FA J-J F-A J-J 121 Jan '02 116 Nov-04 98I4 97 "a 99 10034 Dec'04 99^8 103 100^6 Sale 87 Sale 100^ 104 87 106 103-''4 86 14 105 19 Nov'Ol A-0 A-O J-J M-N 87 14 Dec '04 105 14 Dec '04 11234 O <fe coll 48 75 'a lOoia 95 104 14 105 99 110 10Bi4Jan'05 1231a 11838 12338 103 >a 108', 104 104 la Dec '04 96 109 14 10334 109 9118 98 101 103 'e 109 la 117 11138 118 84 91 121 1211^ 12113 11534 116 115-8 New H D &e« N Y N H H NJJuncRR &'eeNYCent New & Cln Bdge See PeunCo N O A N E prior lien g 6s 2)1915 A-0 N Y Bkln & Man Bch See L 1 N Y Cent & 11 Riv g 3 'as. 1997 J-J «4 12334 121 90 113»all6i8 881a 101 921a 101 J-J llS'e 113 113i2J'ne'04 113 113 10114 104 Dec'04 82 811a £2 lOOH 100 100 Sale Dec '99 113121131a 113 113 J'ly '04 100 25 73 luo'-j M-N M-N 100 1«. 9934 100 91=8 Sale F-A F-A F-A J-J J-J J-J 90 9114 May'04 9912 9l=h 155 .''iS. PCC Isle 5s. 191 *N o price 1151a Sep '04 113 Dec'04 118 1151-2 1151a 119 89 la Dec '04 90'4 90 91 Jan '03 108 Dec'04 102 Mar'04 90^4 sale 10618. IO418. 9834 . . 95 J-J 8 'Xi "a 99 Is 8514 9II4 104 95 FA FA 84 * 10334 Sale ^ ^ 107 >- * 110'..: 109 J-D * 99 J 102 .^-0 105 Panama 1st s fund g4ia3.. 1917 Sink fund subsidy g 68. .1910 Penn Co— Guar 1st g 4ias.l921 Registered 1921 Guar 3ia8 coll trust reg.1937 Guar 3 las coll tr ser B...1941 Tr Co certif's gTi g 3'a8.19i6 C St L & P Ist con g 58.1932 Registered 1932 CI & Pgengug4iasser A.'42 1942 Series B Series C 3ia8 1948 1950 Series DSiaS Erie& Pitts gu g 3ias B. 1940 1940 Series C "a 69 91 091a 88 106=8 1077s 102 la 102 '2 Yi May'97 10534 90 14 Sale 111 112 !» Dec 04 102 Deo '03 llOia J-D J-J 105 14 Sale 103 ... . 89 32 Friday; Uteat bid and asked ttU« week, 100'al0r)34 901a 109 Jan Series Series Series Pitts Ft C guar 1942 1945 E 3ia guar g 1949 & C 1st 78.. .1912 1912 D 4s guar W 1919 F-A Q-F F-A 105 10414 1121a 1321a 125I4 961a 9934 9818 S7'a 1321* 1323* 1023f 9934 98 "« 971a 112 112 99 14 103 30 lOlialOe i-j 2 101 104=4 7014 76 6834 75 14 109 12 78 7t> 9834 Dec'04 97=8 100 "4 126!^ Jan '05 132 J'ly '99 1261a.... 119 114 .... .... I22I4 126 112i4J'ly'0.^ 107 Nov'04 96ia.Vug'04 9218 94 Aug'04 115 1161a 1151a Jan '05 A-O 1051a IO8I4 961a 961a 1061a.... 99 J-D . .. 91 85 111 11» 1161a. Ill's. II5I4 Nov'04 Nov'04 110 111 m^ 113 J-D 113 113 Hi Dec'04 105 iisV: A-O M-N 104 1021^102 >«' J-J J-J llOia 104 Jan 102 Apr'02 112 Dec'04 106 106 102 Nov'98 92i4Dec'03 97 >a Dec '04 lis Oct '04 111 '05 106 Sale 92 14 92 14 95 97 14 98 14 M-S M-N A-O A-O 1181a 115 11234 J-J AO !»' Due Feb & Am Tobacco (new) (isTr Co ctis « . 9578 99^! 118 120 96 96 983* 98»4] , 108i4Aug'03 9534 941Q 941a M-N M-N IO514 113 11334 111 1021a J-J J-J 11688 116=8 FA 96 102 9534 113 11334 Dec'04 lbs" i'vi"^ 113^4 109»4 112>«, 110 no no 104'-2 1011a 104 «9, 931*1 90 Aug'04 0ct'04 93 "a Sep '04 127'>8 0ct '02 121 Mar'04 119 Apr '04 107 la Mar'04 94 MS Jan '04 Nov'OO Apr '04 11218 1061a , 10334 Sale ; 131 121 119 119 104131071*. lllialllia^ llliaSep'04 106 Aug'03 103=8 104 74 ''Si'^'ibs^" J-J 92 96 f.i M-N M-N i'os'i-I!!!"! 94 92 109 Dec 04 92 Oct '99 10934 10934; no's 5 105 US'*: 39 101 la 1061)1; 107 107 100 103»4 rvi-N M-N 107^4 107 103 J-J 94 10934a'ne'04 105'4 J'ly'o3 104 la log'alloij no's 105 Sale 10434 J-J 90 93 J'ne'04 10514 J'ne'04 J'ly '04 ' Indiisti-in.1 f M ortou Trust Co cfe 112 10534 108 «ai on Next I'aRo 1915 Am Cot Oil ext 41^8 Am Hide& L 1st s g 6s. .1919 Am Spirits Mfg 1st gOs.. 1915 Am Thread Ist col tr 4m. ..1919 48 108 115 95 M-N P-A 194I~V M-N 191'/l M-N . Bar & 76 100 RR Telejrraph and Telcplionc Am Tolep & Tel coU tr 4s 1929 Oomm (;ablo Co Ist g 48. .2397 lirie T & T col tr g s f 58. .1926 191S MetTtfe T 1st 8 f g5s N Y & N J Tel gen g 5s. .1920 West Union col tr cur 5s. 1938 Fd and real est g 4 'os. .1950 Mut Un Tel 8 fund Os... 1911 North w Tel gu f 4 'as g. .1934 60 la 87 '00 a Dae Jan 105 IO4I4 77 14 76 7734 Sale ' PCC&StLgu4iasA...1940 A-O 1942 A-0 Series B guar Vlnniifncnirini? 4 9134 06 Wj 21 102 11278 lOliallSi-j 10534 Dcc'04 10214 64 993,1 J'ne'04 "8 97ia 971a OS's 95 12 147 '97 "la Sale" 95 la Sale 108=8 112 Aug'04 102 la Sale 1021a 102'.. J-J J-J J-J N<feCBdgegengug4iasl945 J-J BONUS— Continued 107 Dec'04 132 la Dec '04 101% Sale 110 Gt Nor Consol gold 5s Consol gold 48 ... Convertible g 3i«i8 Nov'04 1 06 '4 Feb '02 '00 "94" Sale 105 Oct94 931a 14 Dec '03 132 132=8 /il912 A-0 *120 1st real est g 4s. 1923 M-N 10334 1905 J-J Consol sterling g 6s Con currency 6s reg...ffl905 y-M 1 •95141031.^ »a 10178 10178 21 1001a 1051a W Penn 1021a Oct '03 J-J J 133 133 14 3d 7s 108 102 10334 84 105 105 100 .11114 110 Dec'04 133>a 1331a M-N M-N F-A A-0 A-O RR 1st g 58.1936 General gold 5s 1937 Ore & Cal See So Pac Co Apr '02 107=8 Dec'( 4 102 V, J'ly '04 107 J-J J-J J-J MS 90 84 Apr ^ '03 101^8 Nov'04 V/hio River 2d78 104 102 55 Nov'OO 1071a Oct '04 105 FA FA See StP<feNP gen g 6s-. ..1923 Registered cer6)flc'3..1923 St Paiil&Dul Ist 5s. ...1931 2d 5s 1917 1st consol gold 48 1968 . 91 127 la 13134 105 14 Sale M-N W W C B & Q coll tr 43 108 91 In. M-N A-O 126 110 cfe — lOUe 86 86 I>llSCELl.^NEOUtt cfc Sep 100 9714 <fe W 99i<2Nov'02 FA Gouv<fe08wel8tgug5s 1942 J-D E 104 82 9G34l01»4 98 100 la 100 iol lOOifi 1004 Dec'04 99 Deo '02 J-D J-D & 1, -a 11573. 1181a- 96I4 '03 Ore RR <fe Nav See X7n Pac Ore Short Line See Un Pac 120 125 llCiall6 1211-; llo's 100 100 let g 3 i^s 61951 A-O Ad Ist gug 48. ..1981 J-D Cart Cleart Bit Coal Ist si 48.1940 J-J Wha 96i4May'04 .... -... 121 1051a 106 14 10614 J'ne'04 661" Wash Cent 1st g4s 1948 Q-M Nor Pac Ter Co Ist g C8..1933 J-J Nor Ry Cal 6'ee So j?ac 128'% Nor Wis See C St P M & O 130 Nor & Mont <S'ee N Y Cent 96'^ t \ Ind <& See G C C <fe St L 11238. Beech Cr Ext DeBarCfc I Co gu g0s.l91o VironCoal&Co Ist g 1949 109=8 II214 1221a 121 121 J'ly '04 W <fe South Istg 58 1941 Norf & West gen g 6s 1931 Improvem't & ext g 6s.. 1934 New River Istg 63 1932 N & Ry 1st con g 4s. 1996 Regi stered 1996 Div'l Ist 1& gen g4s... 1944 Pocah C<fe joint 4s.. 1941 CC<feTlstgug5s 1922 Scio V <fe N E let gu g 43 1989 North Illinois See Chi <fe N North Ohio See L Erie & Nor Pac Prior lien g 48. .1997 Registered 1997 General lien gold 3s a2047 Registered a2047 St Paul-Dul Div g 43 1996 Registered 1996 9714 <fe UC& 121 100 la 105 lllialllia 91 95 Nov'04 109 81 1951 Kan& C 1st sfgus. 19.01 Pleas Val Coal 1st g 3 f 58. 1928 19.01 Tenu Coal gcu 58 Tenn Div Ist g 6s ol917 Binu Div Ist consol 6s. .191 Oah C M Co Ist gu g 68.1922 I2II4 10638 106i2NoT'00 W K ash Plor & Shet See L <fe N Nat of Mex prior lien 4^23.1920 A-O J-D 1920 J-D W W Long Br Coast Co 1st g 5s 1946 Pac ac ol Missouri See Mo Pac ' 2d gold 58 122i2Dec'04 99 Oswego & Rome See N Y C O C F & St P See C & N W Coal and Iron Col C A I Dev Co gu g 53.1909 Col Fuel Co gen gold 68. ..1919 Col F <fe I Co gen 8 t g 5d..l943 Convertible deb g 5d 1911 Trust Coctfs Contin'talC IstHf guosg. 19.^2 Gr Riv Coal & C I.stg6.i..l919 Jett<fcClearC& I Istg 5s. 1920 109=8 Apr '04 123 "a Oswe <fe R 2d gu g 53...el915 P-A 11334 Jan '02 RW&OTR Ist gug 58.1918 M-N 105 Utica& BIk Riv gug4s- 1922 J-J 107 104i4Apr'04 104 104 14 104 Sale 104% 104 "a 18 102^4 106 N Y Chic & St L 1st g 4a-1937 AG *103i4 ^ Registered 1937 A-O 101 Mar'04 101 101 ^ N Y & Green w Lake See Ene / N Y & Har See N Y C & Hud N Y Lack & See D L & N Y LE& See Ene 97 ].. Registered 1997 1890-1905 1890-1905 Registered 1905 Debt certs ext g 43 Registered 1905 IJake Shore collg Si-js-.-lOOS Registered 1998 Mich Cent coU gS^jS 1998 Registereil 1998 Creek Beech Ist gug 43. 1936 Registered 1936 2d gu gold 5s 1936 Nov'03 Jan '03 1271a 11034 R W<fe O con IstextSs. A1922 A-0 Nor 87 981^107 80 88 See Southern Debenture g 49 121 139 <fe 106iall-2i2 , Moiiawk & Mai SeeHYC&H Monongahola Riv See B cfc O Mont Cent &?« St P M iS; .M Morgan's La & T See S P Co Morris & Essex -See Del & \V Nash Chat <fc St List 7s. 1913 J-J 1928 A-0 1st consol gold 53 ' Jasper Branch 1st g 68. .1923 J-J McM M & Al 1st 6s. .1917 J-J 1917 J-J T <fc P Branch l3t 63 cfe 21 106»4 llOia 109 117 N Y Harlem g 3128...2OOO M-N Registered 2000 M-N N Y & North 1st g 53. ..1927 A-O <fe 123>a 1251% 12776 1261a Jan '05 121 Apr '04 9634 98 9534 Dec'04 11534. 115=8 Jan '05 9234 96 92 Hi J'ly '04 99 101 Nov'04 1931 l8t oonsol 48 11884 1-2 100 106 104 105 105ial09is 120 1938 M-S 113 120 102 86 IIII3 Mar'04 92 1945 J-J J-J Montgom Div 1st g 53. .1947 F-A St L & Cairo coU g 48..el930 M 108 14 131 NY .S^e Cent of N J N Y' N E See N Y N H H New York New Hav & Hart— 1201.2 Housatonic H con k 53. .1937 M-N N H & Dei-bv con g 5s. .1918 M-N il3"il8" N Y'lfe N li ist 7.S 1905 J-J 96 98 N Y North See N Y O H N Y O & W ret l.stg 4s..</1992 M-S 97ial0034 Regis S5.000 only (/1992 M-S N Y <& Put See N Y C & H N Y' R B See Long Island N Y S W See Erie 961^103 N Y Tex & M See So Pa« Co 102 gold 68. .1927 J-D Ist extension gold 63..A1927 Q-J ' Jiig/li, J'ly '00 Oct '02 <fe 34 60 28 101 87 105 116=8 Dec'04 116»2ll7>i 11634 Jan '05 10934 Oct 'Oo 9434 Sale 9434 171 941a 81 9734 97 98 g Guaranteed g4s RR Ist 5s. .1934 <fe IMH MobJ&K Cist cons g 58. 1953 General gold 4s 96 111 109 10914 109 109 97 H: Sale 9712 97 ^i lOl^B 100 May'Ol 103 103^8 Dec'04 P-A W 1st g 5s. 1926 MS & Birm prior lien 58 1945 J-J VI& Mob & Ohio new 91 "a , 111 Jan '05 1201a Peb'04 104 10412 106^4 I2314 108^2 Sale Tex<feOklalstgug58...1943 M-S ilortgage gold 43 281a 19 18 May'OO & Wa 9415 9439 Jan '05 & ni HI IIII2 K& 105 M-N 105>al0508 lOS"^ MKA M K&TofTlstgug53.1942 M-S 107% Sale 107 107=8 106 Nov'04 SUerSh & So 1st gu g 53.1943 J-D 1906 Missouri Pacilic 3d 7s 1920 Ist consol gold 63 Trust gold 58 stamped. al917 Registered al917 1920 1st coU gold 58 Cent Br Ry 1st gu g 43.1919 LlstgSs 1926 Leroy&C Pac R ol Mo 1st ex g 4s. 1938 2d extended gold os... 1938 Sgen con g 531931 St L Ir Gen con stamp gtd g 58 1931 Unified & rel gold 48..1929 Riv&a Div l8tg48.. 1933 C'l McK&Y Istgu 63. 1932 MS <fc J-D MStP<feSSMcong4intgu'38 J-J M & P 1st 58 stpd 4s int gu 1936 J-J Mob 12 6 ^-5 High Xo Low ,' '. i-i 105 & 1944 1st ext gold 53 8t L Div 1st ref a 4s. ...2001 Istgu g 5s. ..1940 Dal Kan C Pac Ist g 4s. ..1090 1 1st aru g 58.. .1942 Mo 1942 Ok l8t gu 58 10834 109 Ist Is gu... 2361 J-J Year 1904 105 105iaNov'01 10213 <fe 90«8J'ly'0] 1909 J-D 1st gold 73 Pacilic Ex 1st gold 6s... 1921 A-0 South West Ex 1st g 7s. 1910 J-D 1934 M-N 1st consol gold 5s 1st and refund gold 4s. .1949 M-S Minn St L gu ilee B C R & N Verdi 79 A-0 Iowa Ex 2d gold 4s 60 107 loo MS <fe MSSM&Al8tg4intgul926 Minn Un See St P il &M Mo Kan & Tex 1st g 4s... 1990 105 loo J-J J-J 2d guar 6s 1934 J-J McKeesA B V 1st g 68 1918 J-J Mich Cent let con8or68.1909 M-S 58 1931 Registered 1931 Q-M 4s 1940 J-J Registered 1940 J-J J L<& S Istg 3ias 1951 IstgSias 1952 M-N Bat C ife Stur Istgu g3s. 1989 J-D 1011310714 105 105 I07I4IIOI8 Dec '01 105 Mahon Pitts 99 W MU & Mad See Chic & N W & North See Ch M St P Minn & St L Ist gold 78.. 1927 Mil 106=8 Sale Ask Low Rang* Registered 2361 J-J 10Si4Sal6 IO8I4 IO8I4 12 110 Lake Shore gold 3ia3.... 1997 J-D 100 ^j 101 lOOia lOOia 10 1051a 98 102 9934 Registered 1997 J-D 991a Dee '04 98 lOO'-'a Debenture g 48 i928 M-S 101 "a Sale 10134 102 274 98ial017g Det Mon & Tol Ist 7s. 1906 P-A IO514 114 Feb '02 Ka A cfe G R Ist gu c 58. 1938 J-J I2314 . M M Bid 1 West Shore Week's Range or Last Sale Pridaii Jan 13 N Y Cent H Ii—( Continufdj Moh A Mai st ITU s 4s.. 1991 MS N J June R sru 1st 4s.--1936 F-A N Y&Pulstcongng4s 1993 A-O Nor & Mont Ist gu g 58.1916 A-O Low High 119"" i22' . lYtce STOCK EXCHANGE Wkkk Exding Jan 13 N. Y. 105=8 105=8 I23I4 13134 12418 12418 . [Vol. lxxx. Q-F M-S M-S J-J ctf s 100 ' 981a 1001.; 99 97 90 88 11078 S;ilo 72 Sale S Car Co Isl g i>m...1942 J-J Dae ^Lay yDuej'ue A. Due J'ly p Due Not IOOI4 100 98 97 100 97 S8V1 Jan '05 110 71 105 « '4 16 3 lll'-j 72 '4 lias Jan '00 Optiuu sale. 96 100 98 !« 70 82 971a 887. 74 106'4ll2'ai 63=8 7tt I — — Jan/U, Bond Record—Concluded—Page 4 1905.jJljriLiti BONDS STOCK EXCHANGE Week ending jan 13 N. Y. Si- Pcnn KR ( Conlinued) 4s. ..1942 AUeg Val gen gu g4i28..1935 CI & Mar l8t gu g lexlst Pliila Bal J-J & W Ist g 4s. .1943 M-N 1943 M-N Sxxiiite liewis let g4s...l93G J-J U N J RR & Can gen 4s. 1944 M-S Peo Peo & L& C G O &. & Atl See East Kasli S,t \j See cfc Pek Un 1st g 6s.. ..1921 Q-F 61921 M-N 2dgold4'<2S 58 1921 J-D PereMarq— Oh<fc Flmt&PM,E:6R WM 1920 A-O 1939 iW-N Pt Huron Div 1st g 5s. 1939 A-0 SasTus ifc H 1st Ell g 48.1931 B & "W See Ponn BB & Beading cons 78.1911 Pliila FA J.D &0 <fe Pitts iS'ee B R&P N Y Cent Eutlaml Ist cou g 4>2S 1941 fiut-Canadlstgug4s...l94;i Tus & H See Pere Marq Sag t Jo & Gr Isl 1st g 4s. ..1947 St Law <fe Adii'on Istg 5s. 1996 2d gold 68 1996 8t L <fe Cairo -See Mob & Ohio See J-J J-J J-J J-J M I ' K M M M fit •et So A-O J J-D M-N A-O A-O bond ctl8...^1989 Cousol gold 4s 1932 Gray's PtTer Ist gag 5s 1947 St Paul & Dul See Nor PacUic 6t Paul & Man 2d 68. ..1909 Istconsoi gold 68 1933 Registered 1933 Reduced to gold 4'2S..1933 Registered 1933 Dakota ext gold 68 1910 Mont ext Ist gold 4s 1937 Registered 1937 E Minn Ist div let g 5s. .1908 M , Nor Div 1st gold 4s Minn Union 1st g 6s Monte IstgugBs Registered let guar gold 5s J-D J-D A-O J-J J-J J-J J-J Oct '04 107»8Deo'04 M-N '.'.'.'. 112 .... 110i2Sep'04 UOialll <fe M A<fe N W letgugSs Cent Pac 1st reJ Registered 1st J-J AC Wl-N JJ 42 , . m I IIOH. 110 102 b. 113»4Dec'01 87 >s Sale 104 85 >« 87 V 428 104 1041* 19 98 Nov'04 100 Sep UO 96^8 Jan '04 109 Sj 10434 J 'ly '04 llOVj 1101-2 11034 Nov 04 llOHi llli4May'03 10934 JJ J-J 110 110 . W FA 103 102 Jan '03 J-D J-D J-D 101^« Salt 96 "i! SaJp 101 95 101 3^ 108 941a Aug'04 Ill's Jaij 'u6 103 209 1021a '8 102^8 Sale '88'^ "89"' FA "99'" llO^i J-D M-N M-N 112 17 951a 148 I4 Mar'03 "a 1H>^ uov. Sep '04 Dec'04 no Dcc'04 1041a Dec'04 103 118'l2 112>a I0734 106 10334 ftfl-N 99 8a 10 J v^ 85I4 65 96 91 & North <S'ee Un Debenture series 104 98 A 1939 J-J Series B 1939 J-J Ist lien equip s td g 5s. .1921 M-S Det&Ch Ext Istg 5s. .194'] J-J Des Moin Div Istg 48. .1939 J-J Div Ist g 3428 1941 A-O Tot Ch Div Ist g 4s... 1941 M-S Om & StChaa Bridge Istg 6s. 1908 Warren .See Del Lac & N'v^est Wash Cent *'ee Nor Pac Wash O <fe W See Southern West Maryland 1st g48... 1952 9778 102 'a West A 1 tt Pa 1st g 6s.. 1937 Gen gold 3-4s 87 42 96 42 1943 8534 9442 Income 5s (il943 97 113=H West No Car See Soutti Ry W VaCent& P Istg 6s. .1911 Wlieel'g& L E Ist g53...1926 S9 14 84 Wheel Div 1st gold 5s. .1928 Exten & Imp coht 68. ..1930 107 10942 lo;i3, 10042 20-year equip 3 f 5s 1922 10538 11 3 Istconsoi 4s 1949 ll(ii4 106 Wilkes in East iS'ee Erie 10442 107 14 Wil <fc Sioux F 6ee St P M & M 103 103 42 Wis Cent 50-yT 1st gen 4s. 1949 9714 102 42 I.J J'ly'04 Pacific Utica & Blaclc R <See N Y Cent \/ er Val Ind & See Mo P 'irgmiaMid 6ee South Rv Va<fe Sonthw't 1st gu 58.2003 J-J \\/abash 1st gold 5s 1939 IVI-N »» 2a gold 5s 1939 F-A W 10434 10434 102 11242 106 V2 1103, J-J <fe 1933 130Vj 122V, 104 ''el 07 129 121 Dec'04 Sep '04 Jan '01 Nov' 04 M 10a 101 108 gu g 4s 1949 P-A 1949 F-A J-D guar 58 red 122 106 113 102 88 11334 112 113 90 4j 98 J-J 101 14 too 102 8838 Sale 8842 91 76 J-J 904, 120^2 Nov'04 So P of Ar gu 1st g 68. .C1909 J-J 10678 1077, 1 0818 Jan '0 1201a 123 V, 106 1104, 93 .. 101 J'ly'04 98 101 1st guar g 6s clOlO J-J 108 109-V Jan'05 10534 1114, 10634 -109 Apr'02 8 P of Cal 1st g 6s 1905 A-O 10042 lOO^Oct '04 10038102 121'2.. 122 122 lis 122 1st g Os series B 1905 A-O lOlVj 102 Oct 'O llli2Dec'04 112 .. 04 10734 lllVj 104 l8tg68serieaC<fe D...1906 1 42 Dec'04 V2 A-O 102 10434 112i4 0ct '04 112'2 10914112=8 1st g 6s series E & F...1912 A-O 114 113 Oct '04 1124,11514 Ist gold 6s 1912 A-0 114 11442 Dec'04 11442ll44» 1st con guar g 5s 119 Feb'04 1937 M-N II518 119 119 Ugi^ Apr'04 117^8 Stamped 1906-.. 193 7 M-N 10734 10734 Dec'04 119141191a 107 IIOI4 123 In. 137 Nov'97 SPacotN Mex l8tg68..1911 JJ 108 lOS Sep '04 108 IO834 Tex<fe N O 1st 7s 1905 F-A 10138... . 103 Oct '04 101 103 Sabine Div Istg 68 1912 M-S llOia 109 Sep -04 109 109 Con gold 5s ...1943 J-J 105 103 Jan 04 103 103 120»4 120 Oct '01 Southern— let con g 58 1994 J-J 118 Sale 117Vj ugie 111 121 111 112 Hj Dec '02 Registered 118 1994 J-J 110 Feb'04 108 110 Mob & Ohio coUtrg 4a. .1938 M-S 9742 Sale 96^8 97'-, 9234 971a 117*4 117>2 117'2 lUiallTk Mem Div 1st g 442-5s... 1996 J-J 11542 117'4 Dec'04 114 117 14 114 J'ly'97 98 St Louis div 1st g 4s 1951 J-J 99 Dec'04 93 42 10; '4 Ala Cen R 1st g 6s 1918 J-J llOia. . U842Nov'Oi 116 1184, 115>4ll7'2 UTHjOet "01 n4isn7v, 96 Sale Atl & Danvlstg4s 1948 J-J 95 "8 96 9II4 97 -a 101 7g 199 94»8 103 Vj 101«fe Sale 101 2d 4a 1948 J-J 90 42 Dec '04 897g 90 V| IO214 100 Nov'04 Atl & Yad 1st g guar 4s. 1949 A-O *:)6 '34 98 100 9934 Sale 9913 99*4 11442;;."; 9138 99 Col & Greenv 1st 6s 1916 J-J 118 Muv'04 118 118 E T Va<fe Ga Div g 58..1930 J-J 11334 lli;'t,Dec'04 113 1164, Con Ist gold 5s 1956 M-N 122 Sale 122 VJ.'2, 117 12134 E Ten reor lien g 5s 1938 M-S 11334 114 42 Jan '05 109 11239 Ga Pac Ry Ist g 6s 1922 J-J 12 iv^ 125 V2 Dec '04 118-'4 1251a 107 111>2 J'ly'04 llOVjlllK; Knox & Ohio 1st g 6s.. .1926 J-J 123'8 12338 Jan '05 120 126 76 Dec'04 63 H, 76 Rich & Dan con g 6s 1915 J-J 115'-... 118 Oct '04 114 118 89 Jan '06 Deb Ssstamped 87 Vj 87 "a 1927 A-O 111421124, 112 112 IIII4II2V, Rich cfe Meek 1st g 4s. ..1948 M-N 8842 87 42 J'ly'04 87 87 4» SoCar&Ga Ist g 68 1919 f'lfl-N 108 4i... loS Jan '05 10342llOi» 10334 May'04 10334104 Virginia Mid ser C 68...1916 M-S 11442... 123 Feb'02 101i4Nov'01 Series D 4-6s 1921 M-S 11142... no D«c'04 109 110 Series E 5s 1926 P/!-S 11442... 114 114 9312 93 es QZh. 13 84 95 General 5s 1936 M-N 115-4..., 116 Dec '01 no 117 Guar strxniped 1936 M-N 110 42 May'04 IIO42II2V, Isl cy gu 48. .1924 FA 9234 O <fe 93 Dec '03 West N C 1st con g 6s. .1914 J-J 115i4Sale II514 II514 112V2H7'* S & N Ala &'ee L Jfc N Spok Falls <fe Nor 1st g 68.1939 J-J 125 130 117 J'ly '00 Sl^'it Isi Ky 1st gu g 442S..1943 J-D 9734 100 Nov'04 100 100 104J<j.... 104 Dee'04 IO318 loevj Syra Bing & JSi Y >S'ee D L & \V 10414.... 104 Jan '05 103 Vj 103=8 'j'er Aol St List g4Vjs..l939 A-O 10984 110 May'04 no no 127'8l33>2 130I4 Dec'04 A 1st con gold 5s 12234 130 14 1894-1944 F-A 1211a. 112i4ll8i» 118 Oct '04 5 110 118\iSale II314 113'4 114-', Gen refund s f g 4s 1953 J-J 99 Vi 99 42 99 4; 10 98 IOII4 991^4 Nov'04 99 14 96'a 96 St L M Bge Ter gu g 58.1930 A-O 11234' 112 Is J'ly '04 110 1121* 100 08=8 Nov'04 98 '8 loo Tex & N O See So Pac Co 37<'> 83I4 88^8 Sale 88^8 79Vi 91 rex & Pac E Div Isl g 6s ..1905 M-S 101 Vj 101 Vj Dec'04 100 102 96 Eec'04 98 V2 94 1st gold 5s 2000 J-D 121i4Sale 120=6 121'-,, 116 122 i25Hi29" 126>2 Nov'04 llHVj 126 'V 2d golduic53 96 Sale 92000 Mar i^b 9642 98 80 89 Sale 88^8 891, S Div B 90 La L 78 1st g 6s 1931 J. J 108^8 109 42 Aug'04 108 noi4 102 H2 WMin N Istgu 5s '30 106 'a NoT'04 101 1064s rol <fe O C 1st g 58 1935 J-J II418 1121411513 1144a 11442 J)8i4Sale 98>4 eSVj 62 aivjioo Western Div 1st g 5s. ..1935 .4-0 11142 til May'Ol 111 111 8412 10 70^2 85 »t, 85 84 Hj General gold 6s 1935 J-D 107 1« 107 Sep '04 103 42 10734 81 Sale 80 Ja 81 427 051a 83 Kan & 1st gu g 48 96^8 96i« 1990 A-0 9618 Dec'04 91 Ill I'ol P & 1st gohl 4s 1917 JJ 91 4i 92 91 92 42 95 86 TolStL<fe Wprrieng342S.1925 J-J 83 89 Vj 8y K, 81 90 »8 noss 111 111 107''8ll2 50-year gold 4s 1960 A-0 84 Sale J^4l8 8378 84 68 133 -s 139 134=8 Oct '04 134ng 130 Tor Ham & Butt Ist g 48./tl946 J-D 9634 9514 Sep '04 95 1« 94 140 Mrty'02 ;ister€&Dellstcong5s IIII4 1928 111 Dec '0-1 100 14 113 I llOVj. Ill 11178Nov'o4 '8-1^0V'l»4 . 95I4 107^(11234 y.> lstrLfuudg4s 95 14 Sale 1952 95 14 1 9134 9478 llO'sApr'Ol Un Pac RR & 1 gr g 4s ...1947 105 14 Sale 105 10542 99 1003, 107 4, IIII4 112 11114 Dec'04 . Registered 109 Vj 11134 1947 103 42. Dec'04 .. 1047, 10038 1021a '"^114 Dec'04 . 103 103 >a. 1st lien convert 4s 100 104 4. 1911 M-N 11634 Sale 113 117 i946 94421164J 106 May'Ol . Registered I15I4 Nov'04 1911 ?,fl-N 9634II5I4 103-8 102»8Oct '04 .. 10218 104 42 Ore Ry <fc Nav con g 4s. 1946 J-D '103 103 103'* 3 9^^4Jl04l4 Ore Short Line l8tg6s.. 1922 F-A 127 Sale 12684 l'J7 8 I2OI4 127 12238. 128 Apr '02 1st consol g 5s 1946 J-J 11734 118I4 tl7-'4 11734 0<i 111 1211a 132'4 135 Apr'04 l(!4i4 104^4 10418 133 135=8 4s & particii'atmg 1927 IO414 123 9934 1047, 13434 Dec '04 13434 134-54 Guar refund 48 1929 J D 97 42 Sate 974? 109 9678 973^ 97's lie's. 116-'4 Sep '04 lU'alie'j Utah & Nor 1st 7s 1908 J-J 10«'8..., 112 Dec'03 119 'a. 117 Jan '04 117 117 Gold 5s 1926 J-J lll'a.... 11442 Apr'02 ani N J RR & C Co See Pa RR Utah Central See Rio Gr Wes Utaii VG&N E W T 1st g 58.1933 iV-N Hoiis 2 110 FA 1941 J-J Mort guar gold 3 S2S../G1929 Gal Harcfe S A Istg 63. .1910 2d gold 7s 1905 Mexife Pac Istg 6s 1931 QUa Istgugos. 1924 A-O No Low High 1294, Nov'04 , 119^8 IO3I4 11642 J-J J-J Hiph, 110»L Dec'04 Dec '04 12742 Feb '02 8A& APas8lstgiig48.1943 <fe Seaboard Air L.me g 4s ...1950 CoU tr refund g 5s 1911 Car Cent let con g 48. ..1949 Fla Cen <& Pen Ist g 5s. 191b let land gT ext g 6a ...1930 Consoigold 5s iy43 Ga & Ala Ry let con 5sol945 Ga Car <fe No Istgugos 1929 Seab<fe RoalstSs 1926 SUer ahr <fc So See K cfe T Sil Sp Oca & G 6'ee Atl Coast L Sod Bay & So 1st g 5s iy24 So Car & Ga *'e« Southern So Pac Co— Coll tr g 4 ^28.. 1906 Gold 48 (Cent PaccoU)./fcl949 Registered .A;1949 113 95 . J-I> 1937 1937 1937 f W 108 'olio 1071310776 11038 . J-D A-0 194» A-0 1922 J-J A P .See So Pac Co S F<fe N P let sink p 58.1919 6av F & West See Atl Coast L cicioto Val N E See Nor<fe W ibo" 110 Ask Low 110=8111 113 A-O 95 42..-. A-O M-N A-O 12942 Year 1904, W M A .... 10734 108 m\ J-J WIU & S F Ist gold 5s..l93e; et P <fc Nor Pac See Nor Pac St P <fc S'x City See C St P <feO Salt LakeC 1st g s f 6s. ..1913 J-J SFe Presife PU 1st g5s... 1942 .u-s 8 Consol g Os int guar. ..1912 Gen gold 48 int guar.. 1921 Waco & N div 1st g 6s '30 Morgan's La & T 1st 73.1918 1st gold 6s 1920 No of Cal 1st gu g 6s 1907 Guaranteed gold 5s 1938 Ore & Cal 1st guar g 5s. 1927 W& W illiuois 2d g 48 110 Bid H& TClstg5sintgu..l937 J-J Range Range or . J-J J-J J-J See Cent W mc 1st g 48 Ud cUs.1989' M-N £K>uis L8 M-N M-N J Low High Southern Pac Co (Continued) W A-O M St L <& Iron Mount See P St L K C & N See Wabash Br See T RR A ot St L St L 8t Ii & S Frau 2d g Os CI B 1906 2d gold 6s Class C 1906 General gold 6s 1931 General gold 6s 1931 St L,<fc S F RR cons g 4s. .'96 Southw Div Istg 6s. .1947 Refunding g 4s 1951 5-year gold notes 412..19O0 con g 68..192S C Ft S & K C Ft S & Ry ref g 4s 1 936 K C & R & li Ist gu 5s. 1929 A'o Week's Last Sale . 1997 J-J Registered 1997 J-J Jersey Cent coU g 4s.. .1951 A Rensselaer & Sar See V> & H. Rich & Dan See South Ry RioU <fc Meek See Southern Bio (Jr West See Den & Rio Gr Bio Gr June Isigu g 5s. ..1939 Eio gr So Ist gold 4a 1940 Guaranteed 1940 Eome Wat & Og .... . Reading Co pen g 4s Roch 110 . & & Miah Nov'97 11234 Mar'OO lOS Price Friday Jan 13 . Pitts Sh <fe L E Ist g 5s.. .1940 A-O 1943 J-J let cousol gold 5s Pitts West See B O Ash 1st con 5s.l927 M-N Pitts Y & Ask Low i04«B N. Y. . Pine Creek reg guar 6s... 1932 J-D Pitts Cin & St li See Penn Co Pitts Clevo & Tol See's Pitts Ft & Ch See Penn Co 1922 J-J Pitta June Ist gold 63 Pitta & L Erie 2d g 58...ffll928 A-0 Pitts .McKees & Y See N Y Cen W Last Sale STOCK EXCHANGE Week Extung jan 13 Year 1904 122 V,.. Isiconsol gold 58 Phil Jan 13 BOM>S Range S.2 IClia.... Registered 4a I'ensacola Week's Range or Bid Nl-S Nl-N F-A BERB& Bgelstgn4sp.'3(5 gug4>2Sl941 GrR& I^iee I'ridav 153 "-i .VO A-O J-J A-O Nov lOS 110 1181^4 Sale 111 Sale 10i» ' 67 "4 104 Sale 106 109^8 93 I4 87^8 Sale 97 9a ^4 106 M-S llOVj II414 11134 II418 101 102 9394 Sale J-J 91»8Sal6 J-J A-O J-J F-A J-J 1 91^4 Sal^ 11778 9642 108 2 lOOiallO lOS lisk ll8Vj 108 11442 119 lltia 30 10014 in "a 111 95 J'ly '04 95 94 70I4 664, 6742 339 56 10.i Jan 04 102 102 IO6I4 1121* 110 110 97 Nov'04 90 97 8734 75 797e 86 86 8 Dec 04 98 95 09 42 Mai' , 91 Vj 11934 92 184 84 Dec'04 115 9638 Dec'04 40 Mar'Ol 2 Sep '04 Dec'04 1 1 114 , , 93 111 lu9 Apr'04 9078 9134 1034, 103 '8 96^ 113 I09I4 114 11(114 IIOI4 11014 .May'04 102 Jan '05 93 '4 94 91 119*4 109 100 50 86 3S 109 103 91 8842 93I4 xUlrSCKi.LAiNEOU.S BO.N US— Concluded. .H.-inutncturiiis »fc liidiiNtrial »JonsolTobacco50-yrg4s 1951 Regist-ered lOjX JJistitSecCorconv 1st g 5s '27 Distill of Amer colt trg 5s 1911 Ul Steel Co deb 5s 1910 Non-conv deben 58 1913 Jut Paper Co 1st con g 6s. 1918 int St Pump lo-yr conv. 6s '13 Iviucker lce(Chic) Istg 5s '28 Lackaw Steel 1st g .is 1923 £. at Starch M f g oo 1 st g 6s 1920 itliscellniieous F-A 74 V, Sale PA A-O 79 J-J J-J Sale 9779 91 92 42 110 102 103 A-O F-A J-J A-U A O M-N i(>6'8 8alV 91 74 4a 747g 62 86I4 Dec*()4 79 79 14 ii5 99 Sep 'o 99 Jan '99 92 Feb '04 109 42 109 103 103 Vj 974, Oct '04 104\ 105 4; 91 93 73 Dec'04 46 46 "4 53»4 5734 614a 8534 86 I4 80 92 92 4 lonH 1094j 38 97 10534 97 >a 9742 9238 106 87 9042 «3 75 35 62 I'oV) 3 Adams Ex cot tr g 4s 1948 M Am Dk & Imp 58 See (Jent N J -S 10342 Sale Am SS (Jo of W Va g 6s 1920 m-n| H'kt'n FerryColsicon8g5s'48 F -A 62 UhicJc& St Yar<l col g5s. 1915 J -J Uet M & M Id gr incomes. .1911 A-O "ii'u'is Hoboken Lcfe gold 5S-..1910 M-N Mad Sq Garden Istg 5s. .1919 M N Mail Bch H L gou g 48. .1940 M N Newp Ne Ship & D D6s(il990 J J 10 100 104 10034 J'no'02 63 Dec'04 10734 Nov'04 78 Dec '01 60 Feb'O'.; 60 10734 06»4 107^ 76 42 83 I cfe N Y Dock 60-yr 1st g 4s.. 1951 F A Provident Lo.m Soc4ias.l921 M-Sl 96 16 89 4, H5 96 96 98 4i 9iH 984, Dec 04 981a. StJosephStk Yd3lst4 423.1930 J J 3I4 » 9^ St L Ter CuptilesStafUtS- Prop 31a 67 11134 ni4j in 2 10734 113 4! Co Istg 4 4:8 5-20 j-ear..l917 J D \5 S realty & I conv deb g 58 '24 J-J 93 93' 97 14 S Yuba Wat (Jo con g 6s. .1923 J J 93 42 31 80 112 J'ly'04 112 113 C S Sleet Corp 10-60 yros.ti'o.- M-N 92 7^ Kale 92 93 112(1 6834 9578 Sp Val Wat Works 1st 6s 1906 M S 113 42 J'ly '00 984a. Registered April 1963 M-N 92«8SaJe 93 6»34 96 14 U S Ked<fe Ref 1st sf e 6s. 1931 923b 2 83^8 8334 70 sT* woprice Friday; latest bid and asked, o Due Jan 6 Duo Feb e Dae Mar d Dae Apr A Due J'ly te Duo Aug o Dae Oct p Dae Not « Dae Dec «Optu>nMl»jl Nat Starch Co 3 f ileb 5s 1926 J-J Btan Rope <fe T let g 6s. ..1940 FA Income gold 5a 1946 V 8 Leath Cost deb g68.;i913 M-N 75 ' 40 '16 , BOSTON STOCK EXCHANGE— Stock Tuesday Jan. 10 Monday Satu/rday Jan. 7 Jan. 9 Thursday Fridav Jan. 11 Jan. 12 Jan. 13 874 87 10034 101 10078100% 256^2' 256 256 256 '25612 2561^256^ 256Hi 157 1573(. 15634 157 iiz 157 157 243i4 243'4 243I2243I2 •243 ..— *24'Jiii 175 1763^ 175 176 1751^176 176 175 •170 306 306 '302 •302 »302 .... 151 15114 151'4 151 •15134 152>2 151 151 125ial'25i2 124 125 •186 186 ise" iss" •185 186 *1S5 186 87 100 256 8718 10034 K^Oii 256 157 256 15733 167 i-j "-i 243 •243 175 175ial76 Last Hale 171 305 ISO 152 152 125 la 125 H! *lto 180 150 125 14 1?6 5 Last Sale 162 186 60 86 »13>a 14 5i" 58 '24' "2314 •228* •207 •47 ISi^ 5SI4 •IS-^ 23 '24 14 •2314 4; 58 14 24I4 207 79 208" 208 79 8OI2 7Sia 781a 7812 94»4 96 113 113 '207 79 94I2 95 113 '113 . •50 •9312 50 931a 9312 11434 11.5*-^ J712 9734 94 12 li5i«lir)i.j 0634 963j 95 95 "2 II3I2II3H: 95 II3I2 64 Mar 14 227 88 Jaji 7 182 23934 J'no 7 449 a;137 Feb 5 Marll 7 230 190 158 Aug o 166 Apr 16 Feb 24 3 295 C4 136 J'nel;. f9 eUS4^ U0I5 97 180 J'nel4 100 Apr Jan 25 1 270 216 133 J'ne 6 100 285 igiQ. 87 86 20^2 86I4 86 Hj 2215 : 141 141% 138ial39 141 14 IBS 14558 1463e 22^2 22 93 931s 14534 2134 22>2 '31a *3Hi •124 714 252 253 252 187 1861a 187 14 38 la 38H 38«8 «8 80 80^ SO'^ 80 193 Si 193 Hi 191 192 • 134 2 li^ia l"ie 139 139 * 140 251 186 *8ia 21 2034 203. 87 8/4 87 87 5 "22" 479 43. r 4 24 iii" 142 139 138 1464 147 14 I9I4 7 1864 1864188 3534 138 38 •134 2 3834 •13* 13941394 2 234 240 239 240 •84 9 3 3834 2 154 154 240 2424 84 9 1,100 1,245 100 20 3;309 •12 12^ •1^4 ••75 1734 •134 1-8 ••75 1 17* 1778 1778 17^8 34 34 ••80 •95 334 33 'e ••80 64 6I4 Qi.0 6474 »•> 25 4 •7'^ 35 1 74 •95 638 64 645 68 4 69 13 '4 14 4 •61 64 234 53 25 •7 25 25 7 •35 •35 •35 14 60 1334 •1 277b 14 •1 94 •29 '234 27 7e 94 30 3 110 •14 •24 834 •120 24 2 '•i*4 h78 125 24 52 5 14 27 4 27 93 4 !'33^ 29 29 4 •24 10.-, "24 24 263^ 3 264 264 94 94 •14 14 104 104 614 62 434 478 1 I 2634 274 93 93 29 28^4 3 24 •84 121 14 24 87(, 14 •24 8% 14 2 234 8^4 120 121 22% "241 6 3 110 24% 12 106 254 3 24 4 424 5 24 54 1'. •108 94 12 24 12 3 94 42 4 14 61 113 110 110 '14 2 94 114 114 60 113 •2 24 9% 1034 11 224 2334 10% 10% 42 424 42 42 4 5 1134 6 n-34 5 1134 11% 105 !'« 105 24 105 134 7 5 105 134 12 10% 42 4 5 4238 5 42 83, •2 J'ly J'ly J'ly 85 71 25 Jan 7 75 Jau 8434 Jan Sep JanJaa' 914 Oct 104 4 Jan 6634 Ang 104 4 Jani 83 4 Oct 95 Jau Xl02 Sep 178 Feb 87 4 Aug 97 Feb^ Sep 116 108 15 4 Not 2038 38 4 J'ly 52 144 Sep 150 Feb Jan Jan Jan 9 Nov 26 Feb 664NOT 804 Feb 3 Sep 7 Mar Sep 12 Mar; 24 i 9 98 Reeco Button-Hole.. 10 100 S-WTft & Co 9 124 274 12 64 Jan 19 9 6,029 2,06S 236 Jan 28 32 64 6,198 1034 •50 15 192 76 Marl4 101 9 Dec 6 Deo 5 Jan 16 7534 J'ne28 93 1 t90 4Aug 8 100 12 778Novll 3,835 •75 Aug 3 Novl5 6,.->28 (J3Si6Mar fc f21 30,825 43 Feb 8 8234 Dec 1 75 125 8 2334 Jan 1 2934 Jan 5 Apr! j Ang Ill Jani Dec 2 18 Jan 84 Mar 75% Mar •50 Feb 14 Feb 6 Jftn 1234 Mar 15% J'ly 314 Fob •75 Sep 64 Feb •25 Apr •95 Mar 7 Oct 144 Feb 20 Dec 39 4 Feb •40 Deo 90 Mar 84 Jan 3334 Oct Maris Mar21 1 Feb 23 14 200 15% Feb 24 Jan I 5l4M»yl3 954 Dec 3 Apr 12 •75 Jan 14 6 4 J'ne 3 234Novl4 400 J'ly Jan-; 38 4 Oct 63 Jan 27 Ang 314Feb' 7 Sep 154 Feb' 7134 Oct 95 4 May 9 Oct 184Feb! 33 J'ly 57 4 Jan; 10 Nov 3973 Fob 4934 Nov 89% Jan' •50 Jan 80 Mar 7 4 Nov 28 Jani 71 Oct 102 Feb; 67 Oct 108 Feb 8O34 Oct 110 Jan 103 Deo 10 34 Nov 18 99 4 Dec 29 33 Deo 6 77 J'ne 91 Oct 20 May 12 204Dec Jau 16 Feb 6 40 4 Jan SSsMaylS 6,329 35 686 271 J'ly 132 134 454Feb26 614Dec30 28 Arcadian Arnold 2 99 25 28 474 X9934 Mar21 116 Oct 10 22 Dec 21 22 4 J'ly 18 20 244 Oct 21 26 N0VI6 5 Oct 29 2 Jan 16 700 768 95 Feb 8 113 J'nelS 124 AmZmoLead& Sm. 25 25 274 Anaconda 2 2 •95 Oct 14 2934 3 NovlO Novl4 38-4 Not22 14Novl4 224N0VI2 13igNovl6 778Novl7 NovlO 400 J'ly 551 Mar N0VI8 •OS Feb •10 Feb 12 J'ly 3 178 Fob 1 3234 Nov 11 94J'iy. 534 Sep 10 May20 •35 Nov 12732 Jau •75 Jan J'ly 74Apr 6 14 Oct 18 10 4 Sep 10 Mar 38 Feb 23 744Novlb 37 J'ly 75 Feb 31 Nov 484 May 1034 Aug 1 36 Jau 69 4 Oct 131 'a Jan 40 J'ne29 72 Jan 103 J'ly 6 116 Nov30 106 Oct 118 4 Feb Unit States Coal <fcOil 25 103, 4 42% 5 64 124 12% 11% 12'. 10041004 106 Mar Aug 2124 Feb 91 May 196 74 68 30 1 700 •25 10034 21. "4"'2 4 64 12 106 4 "423. 6 U tah Con (Gold) Victoria 124 Winona 107 2 Beloropay't of aasess'ta called in 1903. dBeforepay'toCass^s'tBCtUlediu 2 Wolverine Wyandot rjill. -aiUanda^kod. I! 815 5 4,2,-*0 30 25 25 25 1,865 2,250 5 Jau Oct 5 Mar J'ly 334 J'ly 14 Feb Apr Nov 4Novl2 2 7 oi4eNov28 34 4 Dec 6 Deo 354N0VII •60 4 15 2 3 •60 Dec Dec 4 Jau 114Keb J'ly 58 Ang30 % Sep 2 4Novl4" 29 4 Deo V8 NovK) t5 125 NovU Novl8 NovU 334N0VI8 Novl4 Nov2b NovK^ 434 31 2 Nov •55 •50 Nov 5 43 4 J'ly 16 J'ly 27 8 Dec Oct 1204 1 J'ly Doc 4 -J'ly 4 \wv. 10 8 4 •J'ly 47 Doo Novl8 Novl8 I 173 4 Jau O'J Feb Feb i'el) Feb 3 Jau 1478 Apr 4 i'cb J'ly 190 Nov l^io Ft'b 4 12-"4 Feb Mar 74 Feb Not 434 Deo 3 184Novl2 2834 79 34 <o 44Nov29 Marl!- 8 2-% 80 7 i-'i;b 2 Jau 2 4 Feb J'ne Oct 23 4 Feb 75 25 140 IS 3 674Novl8 3 3 4 1034 3 Jau 17 4 Feb Novl'2 114Dec3() 63, 1 Dec 54 J'ly 64 J'ly t94Deo t; 10^4 10l4I>ec 220 Sep 232 t) »( 10'( Dec Feb Feb 90 Jaa 28% Apr 225 Jan 1734 Mar 3734 I ••34 •35 75 8% Nov " 215 25 Feb 2 25 100 20 J'ly26 25 •95 1 Feu 11 7 17Tg 25 2,379 17 4 17 4 "174 "l8% Atlantic Mar '2 337, Bingham Con Miu&S 50 4,476 19 3378 334 33 \ 334 750 39 Mayl4 •85 ••80 •80 Bonanza (Dev Co)... 10 Oct 27 BostonCouC&G (rcts)£l 3,025 6 Jan 64 04 4 26 129 435 648 655 Calumet <fc Hecia 645 660 650 23 Apr 05 10 NoT'04 Catalpa (SUver) Last Salt 20 Feb 8 14 4 d 25 2,326 253. 2434 '25 25 26 Centennial 678 J'ly 25 25 400 Central Oil 74 74 •7 •20 15 •134 2 Nov tl884 Maj- Jan 87 Deo 34 Feb 4 3a Not 27 4 Sep 16 17 Feb 2 5 1,775 -37 Cons MercoT Gold... 23 Jan '05 Continental Zmc Last Sale 15 0934 Copper RangeConColOO 5,010 694 69 4 68 4 69% 69 20 5,987 15 4 Daly-West 15 154 144 154 15 100 230 Dominion Coal •60 62 •60 63 100 202 Do pref 134 J'ne27 12 1,105 278 34 Elm River 2% 234 •24 234 7 J'ne 2 25 1,060 114 Franklin 114 114 114 114! 11% 2% Mar 18 63, Granby Consolidated. 10 12,635 54 54 5% 54 51 20 Oct 19 204 Greene Consolidated. 10 12,269 •6241^"el'15 £6% 2578 25% 2578 254 86 Guanajuato Coiisol.. 6 3 3 3 3 64 May 21 "27% Isle Royale (Copper). 25 2,111 26-4 "26" 26 26 26 25 6,040 ct 3 Feb 26 11 Mass Consol 104 934 11 104 11 25 515 45 J'ly 16 14 Mayflower 14 •14 14 14 14 34J'iielO 25 21,352 12% 13% 1234 14'i Michigan 104 12 Feb 8 344 '2,365 25 64 Mohawlc 52 52 514 514 52 24 Jan 19 600 ontana Coal <fc Coke 25 M 479 6 •4% 47e •40 J'ly 6 Oct''04 lUont & Boston ctfs.. Last Sale ^4' 25 "246 •60 J'uo •1 14 14 14 87 4 •67 4 Old Colony 94 Fob 2 3,915 28 Old Dominion 274 27 4 27 4 274 27 4 Feb t;o2 63 25 90 Osceola 934 934 93 4 934 93 885 2034 Fob 30 Parrott (Silv <fc Copp) 10 29 29 4 29 4 29 4 2934 25 770 ^50 Aug Phoenix Consol 3 3 3 3 3 3 25 111 80 Feb 26 110 114 yuincy 110 110 110 110 25 616 •50 May23 Rhode Island 134 134 2 2 '14 2 14J'ue24 215 •2 4 24 24 .Santa Fe(Gold<S! Cop) 10 3,3ti5 •24 2*4 2% 3 4 Aug 12 10 Shannon 9 8% 8% 878 8U 9 25 488 85 May31 121 130 Tamarack 121 121 122 125 J'iie20 •25 25 5,025 33, Tecumseh •2 2 24 24 24 34 NovlO 25 Last Salt ?74 Dec'04 Tennessee 334 Mai 25 25 6,850 934 Trinity 9 94 94 9S Marl9 100 Last Sale Mar'04 United Copper 4 23'4 24 4 23 3i 244 UuitedStates Mining 25 29,231 188 4 Jan 23% "244 J an •35 6834 68 144 •2 62 74 6834 63 •434 174 334 80 64 25 684 5 64 64 ••75 645 2434 7 •44 •80 •80 14 645 •11-4 53 •14 2 •75 1 174 17% 334 33 124 '12 645 11341134 4 234 124 •114 1-2 4 5 54 54 54 25as 25 4 25% 257(, •3 3 3 3% 26 4 364 264 26 •94 10 939 94 •1 14 14 14 104 104 10 >4 104 2^4 121 645 •35 •36 •12 17 ) , 121 131 25 75 42 173 4Mn5 180 i 3% •12 Jan Mar ; ' ' Apr. 305 Sep 157 Not 125 Jan Nov 190'" Mar Jan 170 Mar Ang 286 Feb J'ly 143 4 Feb Oct 39 4 Jan Dec 83 4 Jan Mar 42 Mar 270 124Aprl4 24 4 Deo 71 J'ne 177 J'ly 133 110 184 160 1224Feb24 I524N0VI8 107% Oct 1344 Jan 141 327 122 V Jan 6 141 N0VI71 116 Ang 123 4 Deo 13'.l 133 :^merTelep.&Teleg.lOO 2,850 1194Febl9 149 4Nov29 11440ct 1694 Feb: 146 U6 634 Oct 1478 Feb; 9 Feb 19 24 4Nov21 100 5,412 23 Amer Woolen 22 4 100 2,093 684Janl9 9434 Dec 5 66 Oct 794 Jan Do pref 94% 94 34J'ly 534 Jan Nov2'^ 4 Sep 23 3 10 (•2 Dec '04 Boston Land 50 1124 Janl5 12234 Dec 16 115 Oct 127 Jan 120-»4 Cumberl Telep & Tel 100 12034 64 Nov 624 Jan: 74J'nel3 1934 Nov 12 400 18^4 Dominion Iron & St IS '4 5 4 Oct 8% Jan 64 Jaji 23 74 Dec 21 1,490 74 74 East Boston Laud 257 230 Feb 26 265 Aug22 223 Dec 310 Febi 253 Edison Eleo Ilium.. .100 2.T3 Sep 204 Feb 138 100 457 al51 J'ne22 194 Nov2-z 1874 188% General Electric 547 36 Dec 14 444 Augl8 30 J'ly 4334 Feb 384 Mass'chusettsGasCoslOO 384 100 640 7734 Marl4 8434 Oct 26 744 J 'ly 8878 Feb Do pref 80 34 80 4 103 173 J'ne 2 200 Nov 28 I6434 Aug 190 Feb 192 Mergentlialer Lino.. 100 24 Jan 14 Oct 14 Apr 30 234 Novly 10 •134 1% Mexican Telephone.. M) 100 168 118 Feb 23 141 Nov30 121 Nov 139 Jan 1384 139 4 NE Telephone 9 Apr 20 Jan11 4 Jan 28 2 24 PUmtComt'ststkoomlOO 1,577 8 '2 Oct Oct 10 17 J'ly 1 100 792 Do pref 164 154 100 2,505 208 Maris 243 Nov29 197 J'ly 237 Jan 247 4 PnlimanCo 242 64 Dec 10 Feb; Nov21 14'Jl! 113 ' 170 290 7 I 2 39% 139 4 •134 2 154 154 17 •Sia 387a 253 186 4 80% SO", 304 80 4 193 193 4 193 194 2 1393( 2 la 263 186 253 74 74 734 253 80 14 80 \ 193 193 •134 4 253 lt»4 19 18 18 734 l'J2 * 22 Amer Agricul Ohem.lOO 100 Do pret 50 Amer Pneu Serr 50 Do prel 100 Retin Sugar Amer 100 Do pref 111 113 13 112iall3 11241124 11134 1124 111 Deo '04 Torrington Class A.. 25 23 Last Salt 23 23 23 26 Do pref •254...254 •26 •26 26 26 •26 ..... *34 4 334 378 *3ia 37f Union Cop L'd & Mg. 25 34 4 *3ia 31a 4 100 106 United Fruit 105 105 4 105 4 105 4 106 106 10618 10534 IO6I4 105 106 70 United Shoe Mach... 26 6884 6876 69 68 1« 6842 684 69 67 la 68 -66 67 25 Do pref 324 32 4 32 324 8212 b2 4 32 4 32 42 32 32 32 1« 32 100 13 4 134 US Leather 14 144 13 13 121a 12 la 100 prel Do 10134 10134 lOOia 10042 10141014 100 U S Rubber 38 38 seia 3534 3534 38 100 Do pref 10078 10078 1004100% io6% io6% 100 100 100 3 00 100 2934 U S Ste^ Corp 29 4 29 2978 29 29% 29% 29 4 29 4 29 281a 2918 100 pref Do 93 92% 9178 92 92% 924 924 92", 91 «8 9234 'Jl^a 91 's 25 65 •65 ••65 -70 West End Land •65 -70 *-65 •70 •70 •65 -70 »-66 184 West Telep <fe Teleg.lOO 19 184 184 1911, 194 20 100 Do pref 9934 100 994 100 100 100 99 "a 100 994100 100 893. Westing Kldi; Mfg.. . 60 8934 88 •88 92 88 •83 88 92 88 •88 92 50 pret Do •92 •92 98 98 •92 93 98 93 •92 98 Minins 25 8 74 6I4 8 77e Adventure Con 61-. »74 8 64 64 25 2034 2134 Allouez 214 20% 21 21 21 2138 21 21 20^2 2114 CopperlOO Amalgamated 746. 7 734 734 74^4 73% 7334 73% 744 734 72 78 737i Mar'04 Amer Gold Dredging 5 Last Sale 75 *113 • 9 114 23 122 12134 123 3334 16 239 1212 16 2391a 240 9 •81a 239 238 253 186 234 I's 23 142 183* 71a 1834 714 18»» •7 18"-^ 23 142 5 2034 1384139 14 146% 146 1464 224 ^34 23 22% 2314 934 934 93 4 94 93 931a •34 Last Sale •31a ^22 124 126 'IS^a •7 - 24 142 138 42 87 '4'8 24 P 92I2 93 .- ^\ 4^8 6'4 24 142 142 138 138 14612 147 87 21 87 2034 201a 201a 8678 Oct 174 H Miscellaneous 20 544 Ang 897gJan 85 Aug 1034 Jani 254 Dec 1 244 J'ne 2624 FoW 1554DOO30 134 Ang 154 Jan 242 4 Nov 6 230 Aug 250 Apr 1754 Dec 10 161 J'nie 195 Jan' S9 4Not2C 1044Nov26 03 4 Dec 2 164 Oct 22 127 Dec21 lb6 Nov 17 102 4 Jan 4 285 J'nelO 142 Nov 2 3 -Ian 2 57 Dec 31 Jan 27 83 Dec 2 7 ChicJnncRy&U STIOO 100 Do pref Con & Mont Class 4.. 100 H 79 <a 801s 80 79 69 la 69 >a 801^ 50 50 50 93 Hi 93'-j 11418 115 97 97 241, 202 "a 203 203 163 '205 14 60 '131a •68 '23'4 681-2 --J 202 163 •93Hi 11314 113'8 -97'a «8iti •94^2 13Sj ' 208 ... S^'iJ 113 86 ; Highest Lowest Connecticut Bivcr...lOO 100 FitchUurg pre! 244 100 Dec'04 aa Ry& Electric Last Sale 57 15 73 100 • 8ti Do prei 86 86 Mar'03 Houston El'tric com. 100 Last Sale i2 iVo" J'ne"'? 175 Apr -6 100 Last Sale 172^ Nov'04 Maine Central 4 Jan 21 35 11 4 Sep 10 1 00 Mass Electric Cos? 13 'a 13 Hj 74 52*4 Oct 2 i 804 Jan 27 100 Do pref <50 *58 '25 23 4Nov22 5 Ai>i 109 100 •2234 'J.i'^i 23 Mexican Central 23 1,110 185 4Jlay25 199 Oct 22 20'2 1-2 20234 2011a <fe Hart.. ..100 202 li N Y N 159 Aiig24 103 4 Apr 7 100 Aug' 04 Northern N Last Sale 76'5 Jan 29 232 Apr 21 D8C'04 Norwich & Wor profl 00 Last Sn I e i28 1121198 J'nel3 207 Apr 21 100 2U8ia 205 42 Old Colony 20^ -2 OS J'ly20 804 Feb 1 74 100 648 Pete Marquette 821a 8-"2 Mar 17 79 4Nov25 5(56 68 100 80 Do prel 80 80 80 100 97 29 Aug 12 734Dec21 Rutland pref est 69 9 15 Savannah Elec corn.. 100 15 140 40 Jan 15 42 Feb 100 Seattle Electric •50 55 55 55 100 110 87 4May25 95 4J'ly !t44 Do prel 94 y44 94 100 9,.590 7 138 Mai 14 lie's No-v21 1144115=8 1144 117 Union Pacific 974 Dec 30 >97i4 9S'-. 100 182 864 Mar Do prof 9778 9779 160 MaylO 173 Nav22 100 Dec'04 Vermont & Mass Last Sale 170 Jan 4 93 4 Dec 22 89 489 50 90 West End St 954 954 95 110 108 Jau 4 114 Dec 21 50 •113 Do pref '113 164J'ly27 174 Feb 26 Last SaU /6-78 Auf:'Ol Wisconsin Central. ..100 37 4J'ly2" 43 4 Dec 16 100 Do pre! Last Sale 4J4 Dec'Ol 143 Deo 8 146 4 Deo 2 l)ec'04 WoicNash<& Roch..lOO Last Sale 143 285 •280 143141431^ 143 143 60 86 143 •56 I4314 60 202 79 79 *7« 143 '56 •86 143 60 86 tor /^'•n'ot^ Year (lauci) Jiighesi FelOO 3,164 Dec '04 Coun & Pass Riv pref 100 285 143 -67 *143 Lowest Sharei Boston & Albany.. ..100 100 157 la Boston Elevated 100 Boston &LoweU 100 1753^ Boston <fc Maine 100 Do pref Jan '05 Boston & ProvldencelOO I5214 I2512 the Week EXGHANGS liaitrocids 87-8 Atch Top <fc Santa Do prel IOOHj 861a Range Range for Year 1904 Sales of BOSTON STOCK Wednesday ST^ 8734 8714 87 14 10034 10078 *l(.0>4l00Vi 87 »« 86»9 STOCKS Centnm Prices "Share Prices— Not Per Weekly and Yearly Record, Daily, Dec Jau 4j Dec 33-'4 Mar 14 Feb 31^4 Jau 27'-: Fob 17 Mar 33%Miiy Feb 9 24J'uell 6%Novl4 5 •2 J'ly 11434 Miir Feb 23 1 3 -'e Nov Mar an Nov29 01 J'ly 77 Mar 110 466 G9 J 2% 75 Oct 400| •50 Feb 23 \ 3 Nov 25 New .slocic. tAss'c p.iul. tEsriglits. aEx-div.& rights. I I -2 t> I — 5 Jan. Boston Bond Eeoord, 14, 1905. j BONUS BOSTON STOCK EXCH'GE Week Endeng Jan Week' Brice Kanye Friday Jan 13 13 Last 100 9738 Sale 9714 110 Nebraska 1st 78..1908 Atcli Top & S Fe gen g 4s. .1995 A-O J'lyl995 Not Adiusfment g 4s Boston Elect Light 1st 68.1908 M-S <fe — Oct ^ . &W AO W Q <fc coU tr 4s Registered 48 1921 J-J 1921 Q.J 13812 13812 9934 Sale 9938 Sale Note—Buyer pays accrued interest in Saturday Monday Jan. 7 Jan. 9 —Not 110 97»8 10208 87 97 110 110 117"" i 17' Dec '04 100^4 Sep 'OX 9934 Deo '04 100 J'ne'Ol Sep '04 II7I4 Feb'03 129 128 4, 8112 ifl 73 82 99 la 100 '04 Jan '04 IOOI4 Feb'04 105 J'ne'04 100141001-4 104 105 99 14 100 la 993« ]|>ec'04 10614 bee '02 99 14 Dcc'04 981a 90ie 9534 951a 10618 107 9915 991a 125iuJ'ly'04 12 100 97 1243^ 1251a 1231a 1241a 100 108 1051a IO8I4 1081-., 109i4Mar'02 II214 Jan'03 100 Nov'04 98 98 107iaNoT'04 103 100 lOlia 95 100 1061a 109 1031410468 1021a 103 Dec '04 1021^2 Apr'04 llli4May'02 139 Jan '05 139 Jan '05 138 137 137 137 9934 104 90 98^8 9918 993j, 991a 94 10535,109 123iaApr'04 106 Dec '04 1081a 15 9934 9834 9039 addition to the purchase prica for all Week's 108 125 , 971a 931a 125 Boston Bonds. " No 94 10618 106 120 'i Sep '04 lOi J'ne'03 lis Mav'04 7434 75 2278 Dec'04 76 Friday Jan. 12 Jan. 13 96 lis 1031a Dec'04 Deo'04 100 1021a 100 lOlSft IO414IO414 lOlialOlia 1201a 121 1041a 107 104 110 108 TI9278Sale 101341021a 102 103 10218 10414 10318 103^ 91 100 96 104 Mai'02 97 1041.. Feb '03 Nov'04 lOO^a 1061a 94 11539 11338 Nov'04 1071a Jan '05 9218 1I92'8 100 la 113 7138 8088 102 10234 I05isl05i8 102 14 Sep '04 105% May'04 10234 Apr '03 1031a 1031a IO314 1031a 91 1191 ii"i"4'"" lllia Deo'04 2 10338 Sale and asked. Mange 101341021a 24 4 981a 1031a llliall2»8 H Plat price. Weekly, Yearly Daily, tor Tear Range lor Previous Year (1903) 19U4 the 16»8 1021a 1021a 93 9 7 la 102 97 97 25 J'ne'OIJ IO4I4 J'ne'04 96 7688 13 6^8 101 i-j J'ne'04 121 J'ly '04 103 1« Aug'04 102 118 58ifl 1021a Aug'04 95 95 1021a Dec'04 103 Aug'{)4 103 Apr '04 10618 Mar'OH 100 100 latest bid Bales Week below) Ntock.'! see ; 95 110 125 1« 96 la 94 104 108 1» lOOH, 10134 12014 122 1638 Nov'04 75 101 I28I9 lOu^a 117 92 11 81 1021a 106 Dec '04 10018 Nov'04 74 100 "a o 1021a Dec'04 J-J 96 '05 104 J'ly J'ly Lovj Mir/h A'c 98 94 J-J price Friday 01 Jan 971a , A-O A-O A-O Telep cons 5s tr rec.1929 J-J Mlnne Gen Elec con g 5s 1929 1929 New Eng Cot Yarn 53 1 900 New Eng Teleph 6s 1907 6s 1908 A-O 6s 1915 A-O 58 NY<fcN'Engl8t78.'!".'.;].'l905 J-J 1905 J-J Ist 6s 1924 F-A Old Colony gold 4s Oreg Ry & Nav con g 48.. 1946 J-D 1922 F-A Oreg Sh Line 1st g 6s RepubVaUey 1st s f 6s... 1919 J-J Rutland 1st con gen 4ia8.1941 J-J Rutland-Canadian Ist4sl949 J-J Savannah Elec 1st cons 5s. 1 952 J-J 1930 F-A Seattle Elec Ist g 5s Torrington Ist g 5s 1918 M-S Union Pac BR&lgr g4s.l947 J-J 1st lienconv 4a 1911 M-N United Fruit conv gen 58. 1911 M-S U S Steel Corp 10-60 yr 5s. 1963 M-N West End Street Ry 4s... .1915 F.A 1914 M.S Gold 4ia8 Gold debenture 48 1916 M-N Gold 48 1917 F-A Western Teleph & Tel 58.1932 J-J Wisconsin Cent 1st gen 4sl949 J-J Wisconsin Valley 1st 78-. 1909 J-J (For Bonds and Inactive Thursday Jan. 11 Year 1904 "li 9334 128i« J'ue'(l4 ""2 128 lOO IOOI4 97 IOSI2 Jan '05 1071a IOOI4 Sale Ist 7s.. 1907 J-J IyB&.FtSmldgrl8t73...190o Maine Cent cons 1st 7s. ..1912 1912 Cons 1st 4s Mara Hough & Ont 1st 6s. 1925 Mexican Central cons 4s. .1911 Jan 1939 Istcons inc3s Jan 1939 '_d cons inc 3s ACTIVE STOCKS We.dnesdaij Hancie Ask Lovj Jiir/h 100 V, Dec '04 10614"" lOOia 100 la J-J A.O A-O A-O J-D Kan O Ft Scott <fe M 68.. ..1928 M-N KanCMcfe B gen 4h 1934 M-S 1934 M-S Assented income 5s Kan <fe M Ry & Br 1st 5sl92!t A-O Exchanges—Stock Becord, Her Centum Prices Tuesday Jan. 10 Range or Last Sale iVIicli 81"^ Sep 100 107 129 Price I'riday Jan, 13 Bid deben 5s 1910 Non-conveitdeben 5s.- -1913 la Falls* Sioux C lst7s--1917 Kan C Clin* Spr Ist 5s. ..1925 Kan C Ft S & Gull 1st 7s. .1908 Illinois Steel KanCStJo&CB 112 113 100 14 102 993, 99 Philadelphia and Baltimore Stock Slinre Prices 9734 100 8SI4 97 1^ 9y7g Jan '02 . : Low High 101 Mar'O.'^ 11210 Jan '03 , AO 1904 109 '04 110 Feb '04 104 1<2 Apr '00 117 Feb '04 . AC 55 10258 "i\ 10 95 95 05 9434 . Gt Nor C B 9715 4 Sale n\2\ 102 1924 M-S Consol 5s 1907 J-1) Boston tfe Lo-well 4s 1944 J-J Boston <fe Maine 4^18 Iinprovement 4a.„, ...190 F-A Bostdfc Mon 3fli.'8UB 7s... 1904 M-N Boston Terminal 1st Sias. 1947 F.A 1918 J-J 112 Bur&MoRiv ex 6s 1918 J-J Non-exempt 6s 1910 J-J '9934^ Sinking fund 4s Bntte & Boston 1st 6s.... 1917 A-O Cedar Rap <fc Mo R 1st 78.1916 Wl-N 12914. 1909 J-D 113 2d 7s 81 ICent Vermt 1st g48..Mayl920 ?.1 48.1905 Burl extend & Chic Q 101 1919 IowaDivl8t5s 1919 A-O lowaDiv 1st 4s 1913 WJ.N Debenture 5s 1922 F-A 100 Denver Kxten48 1927 M-N Nebraska Exten 4s 1921 M.S 98 B<fe SW8t4s 9418. IlUnoiaDlvSi^s 1S49 J-J Joint bonds See Gt Northern loe-^ J-J .1915 Jo Ry Stk Yds 58 Chic & 99 "2 Sale CoU trust refunding g 481940 ,Ch 5TU <fe St P Dub D 68.. 1920 J-J 1251, Oh JI * St P Wis V dlT 681920 J.J 12434 !Chic & No Mich 1st gu 58.1931 Wl-N 106ial08i4 Mich gen 68.. ..1921 J.D 108 la [Chic .Concord & Mont cons 4s. .1920 JD Conn & Pass B Ist g 48. ..1943 1927 A.O ^'Current River l8t 58 98 100 Det Gr Rap <fc Ist 48... 1946 A-O Dominion Coal 1st 6s 1913 M-S 107 1906 M-S 103»8 Eastern Ist gold 68 Fitchburg 4a 1915 M-S 1927 M.S 4s FremtErk&MoVlst68..1933 A-O Unstamped 1st 68 1933 A-O J-ligh A'o 8 10(1 ig 99'^8 BOSTON STOCK EXCH'GE Wkbk Ending Jan 13 Year a^cc 155 BONDS J\an(/e or fiale Ask Low Bid Am Bell Telephone 48 1908 J-J J.J Am Telep & Tel coU tr 48.1929 M.S Atch J a Shares Lowest Highest Highest Lowest Baitiiiiore ... 86 85 '8 »85 *84ia 8434 85 *103ial04i2 •103 1634 17 14 1838 1815 171a 18 38 38 361a 361-j 351a 36 I4I4 *13ia 14 13ia 13% 14 8434 84=4 1051-2 I918 381a * 48 26 48 26 8 151a 11 »10 48 26 8 She 161a 1114 12 401a • 19i« 381a 1436 401a "53" 110 531-j 5i« 518 69 'a 691* 41 14 4II4 -9 -'8 913l6 -17^4 18 401116 4II4 46 46 42 1« 4218 59 59 lUOis 1051a 48I4 2618 48 28 48 26 She 1514 15 Ills 111-^ III4 14 10 15 14 1138 10 10 12 4034 4034 •4 1 42 IO6I4 IO6I4 •I0714IIO 5234 6318 521a 52 78 478 5 54 51. 681I19 68iii8 C911C 69 41 14 411. 41 41 9 'a 934 97g 97e *1734 18 1734 1734 401316 413l8 4034 411 18 46»8 4614 *45i4 46 42--. *42 42 421a 5878 5878 5878 5878 10534 106 106 1071, 21 21 Mid PHIl.uiDEI.PHIA A sic Inactive Stocks American Cement 10 Amer Iron & Steel 60 Bell Telephone 50 Cambria Iron 50 Central Coal & Coke. 100 Preferred 100 Consol Trac Pitts 50 Preferred 50 Danville Bessemer. . 1 la 678 7 60 48 . Diamond State Steel Preferred 11* Eastou Con Electric... 50 Elec Storage Batt loo 11; 17 35 86 MinehUl & Schuyl H..50 Nesquehoniiig 50 N Haven Iron <fe Steel. Xortli Pennsylvania.. 50 Penn Gas Coal 5U Pennsylvania Salt 50 Pennsylvania Steel. .100 Preferred 100 Phlla Co (Puts) pref.. .50 Phil German & Norris.5(» Phlla Traction 50 Railways General 10 Snsqueh Iron & Steel.. Tidewater Steel 10 Preferred 10 TTnite<l J RR & C. 100 Unit Pow <fe Trans... 25 UniteilTrac Pitts 50 Preferred 50 Warwick Iron Steel. 10 West Jersey <& SeaSh.50 N • 41 8 16 8 15 Ills 11 41 109 6558 106 55 108 55I2 5 41 41 41 18 183e 46 42 46 24 24 PHII.lAUEI,PHIA Bonds E ext 7a 1910 A.O AmRy8conv53 1911.J-D Atl City 1st 5s g '19. M-N BaUs Ter 1st 5s 1926. J-D Berg&EBrw 1st 68'21 J-J Bethle Steel 6s 1998. Q.F Che & D Can 1st 5s '16 J-J CI10C& Me 1st 5s 1949 J-J Ch Ok & G gen 5s '19 J-J Col St Ry 1st con 5s 1932 ConTracotN J Ist 58-'33 E A 1st M 58 1920 M-N Al Val cSb Ilia Ilia 4034 4134 68 14 6814 42 5334 58 7e 10812 10918 5834 10738 109 221a 23 48 2579 26 8 7 78 1434 15 III4 11 478 4I619 6838 6816^6 40i4 40iiig 40=8 46 46 *42 421a 5834 48 9"x9 9"l8 934 1778 4078 Peo Tr stk tr ctfs 1st 63 '10. J-J Interstate Lehigh RRs Ilia 621a 12 66 Gen i05i-I 5 4118 I014 iH'e 934 181a SOOg 40 14 46 Hi *45''8 42 42 1* 58I4 5878 10 -I4 22 109-38 22 Bid Nav 1161a 117 102 14 1021a IIII2 II2I4 91 93 50 110 J.D J-D 1041-., 4634 Newark Pass con os 1930 N Y Ph & No 1st 4s '39 J-J 2I4 2 27 3 63 'i.^ 275" 111 I0II4 lOlia 1-2 66 1091a 110 1271-2 1281a 148 150 9«34 Bid »na asked prices; no aales on Uii« (lay. y <fe E M M 78 1911 J-D ConM 68 g 1911. ...J-D Ex Imp M 4s g '47. A-O Con M of '82 48 '37.J-J Terminal 5s g 1941. Q-F col tr 48 '21. J-J Ry con 5s 1980 U Trac Ind gen 5s' 19. JUn Rys Tr ctfs 4s'49J<&J U Trac Pit gen Welsbach 681" 84 la Dec 72 la Jan Oct 118 Jan 1034 Dec 28I4 20 8 Oct Oct 45 I4I4 Jan Jan Jan 73 74 s f 68 '97 J-J 5s 1930. J.D 118 106 I2314 124 102 109 971a 821a 114 62 112 98 83 115 63 101 IO31-; 106' 9 8I4 47 83, 49 IO514 10534 cfe Coast L(Ct)ctfs 53 J-D Ctfs of indebt 4s....J.J Bait C Pass 1st 5s '11 M-N .4.1.1 Bait Fundg Exchange iia" Pot 5s 5s. 1916 M-N 1930 J-J 1952 J -J 31-28 lief undLng 3 laS Bait cfe 92 95 10634 107 14 ibg" P 1st 6s m 1 '11 A-O BaltTraol8t68..'29M.N No Bait Div 6s 1942 J-D Convertible 6s-'06 M-N 12a CenflRyoon58l932 M-N Ext& Imp 08-1932 M-S Chas City Ry 1st 58 '23 JJ Loweat »« ex-dividcnd. U Ex.rl«ht«. t*15paia. ^ 4034 IOI4 11 Dec Jan Jan Deo 10 19 64 Nov 36 341a Nov 45 78 Jan 1 la 5538 35 An J'ly 7934 Sep 4 Nov Feb Jan 7334 Jan 4734 Feb Oct 5 Aug 734 I834 Doc 9 Jan 1778 Jan Nov ;i4iii8Jan Sep 44"i8Feb 2734 Nov 4018 Jan 4078 Sep 4734 Feb 76 Oct 116iaJan 20 Aug 31 Mar 36 Bid lAsk Chas Ry G cfe El 6s '99 M-S Charl C & A ext 5s. '09 J.J 1910 A-O 2d 78 City & Sub 1st 5s. .'22 J.D City cfe Sub(Wa8)lst6s'48 ColcfeGrnv l8t68.1916 JJ Consol Gas 6s... 1910 J-D 96 107 107 "a 1939 J-D Alalstcon 5s '45 J-J Ga Car ife N 1st 58 g '29 J-J Georgia P 1st 6s-.. '22 J.J GaSo cfe Fla 1st 5s 1945 J.J G-B-S Brew 3-4s 1951M.S 2d income 58 1951 M-N Knoxv Trac 1st 5s '28A-0 LakeR El 1st gu5s'42M-S MetSt( Wash)lst58'26F A Mt Ver Cot Duck Ist 5s. 661a 26 5634 263* Incomes 126 321 02 Bonds <& Nov 9»ieJau 5s Ch 1st 7. -.1907 J-J Atlan C L RR481952M-S lOlis 101 la Atl Is BbDcc 7ii8 0ct Gaife Inactive Stocks Atlanta* Charlotte. .100 Atlan Coast Line RR 100 AtlanCoastL (Conn)lOO Canton Co 100 Georgia Sou cfe Fla...l00 1st pref 100 2d pref 100 G-B-S Brewing 100 Mt Vernon Cot Duck Unit Elec L <fc P pref.50 Dec 521a Jan 1714N0V 2634 Jan 4034 B.4LTIMORE Ask 10234 IO314 B.iX.TIMORE Anacostia N Y Can 78 '06.J.D Con 58 1939 A.O Con 48 1939 A.O 101 "a 5" Penn Steel Ist 68 '17 M.N 1071a People's Trtr certs 48 '43 1043, 105 66 P Co lst<fe col tr 58'49 M-S 1091a 110 Pa & 67 la Jan 5 86 Dec 5 71 J'ne 2 109 la Dec 5 7 J'ne21 1978Novl9 1334 J'ne21 40 Nov 18 534 J'ne 1 16i4Deo 6 Gen M 4s g 1920.. A&O Ph cfe Read 2d 5s '33.A-0 Rocliester Income 48 1939. ..M-N No Penn 1st 4s '36. .M.N 109 Deben Os 1905 M.S Penn gen 6s c 1910. .Var ill' Consol 6s c 1905. ..Var Consol 58 c 1919. ..Var Penn & Md Steel con 6s. P 10334 New Con Gas 6s 1948 J-D 991a 100 4 ...y. 5,251 1,649 1,835 Bid ctfs. certlfs 4s gen. 6 g '20.A-O P Wife B Leh V C 1st 5s g '33..J.J 11215 113 Leh V ext 4s Ist 194S. J-D 2d 78 1910 M.S il'7'j Annuity 6s Trust 109 1914. Q-F 4s g Elec gold trust Con 102 120 45 412S '14.Q-J M 4ias g.l924.Q-F PHILADELPHIA Ask Plill F-A Gen cons 4s ad-iut ctls. Leh V Trac 1st 48 '29. J-D 47 74 American Railways 324 43 J'ne 3 51 Oct 31 50 Cambria Steel 50 1,281 18ieMay25 26^8 Dec 30 igMaylS t 9i8Nov30 Consol Lake Superiort.lOO 3,350 Do pref.t 100 1,142 138Mayl3 1 1838 Deo 2 734 Feb 8 III4N0VI6 Electric Co of America 10 9,6>^6 Gen Asphalt interim ctfa.. 93 51a J'ly 15 14iaNovl8 Do pref Interim otf8.. 1.216 20 AuglO 44iaNovl8 Lenigh Coal & Nav 137 621a Jan 14 131 la Deo 2 50 Lehigh Valley 50 15,716 3334 Feb 26 6978 Deo 6 MarsdenCo 278 Mar 3 4iaNovlo 100 6,046 Pennsylvania RR 50 3,371 5678Marl2 70 Dec 6 Phlladelp'a Co (Pittsb) 50 1.115 37'>eMByl7 43*8 Oct 17 Philadelphia Electric. 25 10,878 5 May26 1076Dec22 Phtla Rapid Transit ... 50 11,290 8 Jan 6 tl9 Novl5 Reading 50 60,537 19iaMarl4 4li4Deo 6 Do Ist pref 122 38 Mar 1 46 Dec 6 50 Do 2d pref 770 28 Marl4 42iaDec30 50 Union Tracton 826 4534 Jan 2 59i4Deo 2 50 United Gas Impt 50 32,761 81 Mayl6 108 Deo 6 Welsbach Co 452 1934 Oct 13 22 J'nelS 100 Rys 1943 Consol 6s 1923 31a 105 <fii Westmoreland Coal. ..50 478 4 78 68^4 68I61S 3.3ia-48 50 10 54 9»8 1734 43 26 *108 54 101; 41 48 26 11 *40ia 41 -^4 ISifl U III4 11 cfe KeystoneWatch Case. 100 50 106 53 131a 107 Elm WU Eq HGas-Ll8tg5sl92S 10734 H & B Ton con 53 '25 A-O Indianapolis Ry 43.1933 86 87 Keystone Telephone ..50 Lit Brothers Little Schuylkill 81* 15 15 Ills 11 *40ia 50 100 Do prof 37 14 100 1338 United Ry & Electric. 50 36 I318 <fe Germaulown Pass Preferred 26 Elec Preferred 100 50 Harrison Bros pref... 100 Indianapolis St 100 Inter SmPow&Chem. 50 26 17 36 100 Philadelpliia 48I9 •4734 8I18 15 14 lesj *35 8478 847e Consolidated Gas 103>al04ia Northern Central I714 Seaboard Air Line 16 ReorganiMtton Npt Nc&O P Ist 6s'38 M.N General 6b.. ..1941 M.S Norfolk St Ist OS '44.. J-J North Cent4ias 1925 A-O J-J 68 1904 J-J Series A os 1926 ..J-J Series B 58 1926.. Pitt Un Trac 5a 1997.J-J Poto Val Ist 68 1941.. J-J SecAvT(Pitts)5s'34 J.D Sav Fia cfe West 5s '34 A.O Seaboard A L 4s 1950 A-O Seab cfe Roan 5s 1926. J-J South Bound 1st 58.. A-O UEl LcfeP Ist4i-2S'29 .M-N Un Ry cfe El iKt 4s '49 M-S J-D Income4s 1949 Va Mid 1st 6s 1906. .M.S ..M.S 2d series 6s 1911. 3d series 6s 1916. .M-S 4th ser3-4-5s 1921. M-S 6th series os 1926. M.S (State) 3s new '32. J-J Va Funddebt2-38l991.J-J West N G con Os 1914 J J 102 118 87 14 110 "OGi^ 921a 5014 6O34 "si'e" 92 116 061a 97 14 WesVa CcfcP I8t6g'll J-J Wll cfe Weld oertllioftte* 871a HI 6s. .1936. J-J $3 assessment paid. iiv\ THE CHRONICLE 156 lias Securities Volume of Business at Stock Exclianges Hudson Co Gas 5s g 1949 Stocks Week mdi-na January 13 Railroad Par value Shares U S Bond^ State <te Bonds Bonds Gas— M-N 50 M-N Jackson Gas Co 50 5s g 1937 A-O Kansas City Ga.s 100 5s 1922 See Stock Ex ^Laclede Gas 100 k— 1 lou lifrelerred Satorday -Monday ......... Taesday. 347,755 533,608 $31,223,000 113 Wednesday Thursday 508,613 494,H47 700,028 41,16u,800 49,021,8.0 45.144,950 67,037,160 4:?!', iFriday $1,506,500 3,693,000 55.16S,30t) 3,3ti7,500 3,378.500 3,527,500 6,028,500 Uafay'eGaslst Gs"J4.M-N WabV 1st Gs'25.J-D .Madison Gas Gs 1920. A-O Xewark Gas 6» 1944.Q-J Newark Oonsol Gas. .100 liOon g 58 1948 S-D i.iOgct $4,000 6,3,.=>O0 1,049,500 6j8,500 No Hudson L H & Pow— $20,501,500 $3,807,900 3,074,069 $288,762,000 Total $263,000 830,500 302,900 Exchange —N 0. aUares Par value Bank & Pat 1904 6,393,393 $602,023,550 $263,000 1,944,541 3,074.069 $288,762,000 $179,041,875 $263,000 $30,300 shares, pax.. 'Stocks $4,000 8,807.900 20,301,500 State bonds RR. and nus. bonds Total bonds $24,313,400 $44,000 $7,500 30,000 14,651,000 36,765,000 $43^97,400 $14,725,000 So Amer. 100 Tel (N Y).'Zf> Emp <fc Bay State Tel iOO Franklin 100 ^iGoldck Stock 100 1|4S28, 1905 12li & !• IJN &N Unlisted shares Philadelphia Saturday Monday Tuesday Wednesday. Thursday Friduy Total Bond Listed shares sales J Teleph 00 53 1920 See Stock ti Nortli western Teleg. 50 facihc & Atlantic 25 USouthern Listed shares & Atlantic 25 Electric Cotiipanies Chicago Edison Co. ..100 IlKiugsCo El LcfeP Co 100 Narragau (Prov) El Co 50 Bond Unlisted shares sales 10,300 24,413 21.242 35,469 26.794 69,280 6,172 27,982 10,718 13,186 8,894 15,040 $3o,500 94,000 56,000 56,600 40,500 39,020 18,692 17,082 20,485 11,030 29,991 29,623 4,370 9.179 9,077 17,309 9,707 14,054 $62,200 107,265 NVcfeQ ElL<fePowColOO 100,9iJO 103,0:^0 Uuiteii Electric of A' J 177.497 82,022 $312,620 126.903 64,665 $078,915 Prelerred 100 100 J.D Ferry Companies 48 1949 Id4,o00 171,500 Brooklyn Ferry stocklOO BiNi'lstOs 1911.JJ Con N V 5s 1948 See Stock stk. 100 E R Ferry <fc M-N N & Hob con 5s'4G-J-D Hob Fy Isl 58 1946 M-N Isl 5s 1922 i' Outside Securities of Outside Weekly Review Street liaiiways JTEW VOKK CITY Bid Bt& Jful S 32 Market will 98 ^B'y <fe 7UiAvedtk ..100 243 ...J-J 104 1914 1I2d mort 68 Con 5s 1943 See Stock Kxch B' way Sui'f Ist 58 gu 1924 no8 2U 58 iut as rental 1905 i 99 Hi tueul'l Crosst'n 8tk..l00 330 ILlstM 6fl 1922 ...M-K 5117 fOcflFkSf cfc ERstk.lOO 205 1iaiir't'r& loth St stk 100 177 Coli& 9th Ave Js See btook Exch ..J-J . S— <fc er St F'y stk. .100 42dStM & StN AV..100 fllstmort 6s 1910 .MS 1J2d income Os 1915 Iiiterborough J-J Kap Tr. 100 'LexAv & Fav F5s See'AV Metropol Securities .jyietropol street Ry See See Ninth Avenue stock. 100 Avenue stoeklOO litecond 4(15 191 k Exc Stk E Stk t. 185 206 il03 i Avenue WP Tarry ' <fc See Stock il 58 1928 YkersSlRR 5s 1946A-U :28th & 110 101 350 210 Tr ct£s 2% to 0% perpet North Jersey St Ky loo 185 Ust Cons Trao 121 Exch 103 106 415 70 list 106 jioeK, I 400 lOO 106 / BBOOKLTN Ave 5s 1909. .A-O no2 A-O 111 Cou58gl931 Imut 58 See Stock Kxc h list B B& W E58 1933. -A-O 102 .'A-tlan Brooklyn City stock. ..1(J Con 5s See Stock Kxch BkJu Crosstn 5s 1908.J-J 'Bku iiglsl8l5s 1941 A-U Bkln g Co <fc Su b See Stk Bklyu itap Trau See Slk Ti Coney Is. <fc Uklyu ..luo Isi cons g 48 1948. .J-J Brk C N 5« 1939. J-J ,Gr St<feN ow Ist 5s '00 F-A Or'pt ifclvorimer St Isl Us <fc 238 114 104 242 iUit 102 104 Exch 106 bxcli list list 340 350 99 113 100 102 100 115 Excli list 5s 1944 Ist 4s 1951 A\i 75 110 Ext 5s 1921 Pat City con Gs '31.J-1) 2d OS.... 1914 opt A-O Rochester By pref ...loo Con 5s 1930 See PhUa 2d 5s 1933 J-D So Side El (Cliic) stk. 100 Syracuse Rap Tr 5s 1040 United Rys of Stl Com vot ir ctfs 100 Preferred 100 <4en 48 1934 .SeeStk UnitRvsSanFran Scents Wash Ry & El Co 100 10(i Preferred 4s 1951 J-D West Chicago St D" Tl VCoug 58 1930 M-N (xas t^ecurities When 101 Seaboard Air Line— CH)Utr58l907 op...M.S 21 70 list 85 X 85 SjS 83 i AcfStk Exch 100 300 New Amateidam lias Isl causoi OS 1948. .J-J N Y tk East River Gas— 5110 1st 5a 1944 J-J ai2 Consol 5s 1945 1 -J 5109 35 N Y & Richmond Gas.lOO JS'or Uu Ist 53 1927. M-X 5106 OTHKU Amer Liglit Tract. 100 69 98 t 34 74 llNew York Dock 37 77 iVILscel 100 100 Am list ..i^O 112 114 112 1 •j l"08''-j I5.J 170 113 73 British 99 Preferred loo Hay Stale Gas 50 ' 93 liiUKhaiuton Gas 5s 1938 5 94 isiookiyn Union (-»a8 dib 195 Gs 1909 ooQV '07...M-S 100 OTHER CITIES I J I' Halo City <ias slock lou Suffaio Street Ky Exch list J8i OS 1947 See Stock l8t consul 53 1931. .F-A ?n2 IISH; Con.iol Ga-s of N J 100 Deb 68 1917 A.O Mi'5 107 Ist 6s 1936 J J 93 96 Chicago City Ky stk. 100 197 Hi 19S Consumers' L H & Pow — Clue UnionTrac<S««St'ck Excli list 68 r.i38 J-D 5110 Cleveland Electr Hy.lou 78"8 79 IJDetroit City (^as 50 Columbus (OJ St Uy..lOO 99 S, Elizabeth Gas Lt Co..iUO 250 3i)0 9a Preferred 100 I'.flsex & Hudson lias lot) LOO' 125 l.C Colum hy con 68 See I'li ila list Fort Wayne Gs ly25..J-J 5 58 61 Croast'wn lst68'33.J-J) il08'< 109 lias* El Bergen Co.. loo 09 70S, Qrauil Kai)ids Ry loo Grand Rapids Uas 55 60 Preferred jTiciciicm 100 iuu 86 OD «0 »u 68 191.0 1915 1il8t i|iBi> OS F-A r -A ? 5102 1 Ui fU4 104 iBuyer pay« accrued mt«rMt. 1 Price per 8U*ra. ^Saie pric<). a Hx. right*, xiix. I ol l.'opper I Camden Land 3 0'4 Co 100 (Jem Fireworks com. loo 118 ..100 Prelerred loo Central Foundry 100 Prelerred '01 M-N Deb 6s 1919 op ;>niury Really U)0 Cuesebrougli Mlg Co 100 llCUtluuH B) Istprel 100 100 II21I pre' erred loo itcommon Col<fc HoCkCoMl&I pi lou J-J Isl g 5s 1917 Compressed Air Co... 100 CousoIhI Car Heating lOo 11 Cons Firew'ks com .100 100 iuu T| Preferred 00 Celluloid div iNew stock. i| S. 12 3 -"4 17 72 list list 45 loo 6 22 HI '•J 2n''8 20 130 150 145 390 4U 6 103 >a 17Ja 11»4 28'4 83 157 12 28 »4 84 22 64 10 21 62 8 40 5IO2H1 103 i2\ 12H. t 196 335 104 H2 no 135 140 38^4 39 73 Hi 74 Hi 20 25 65 80 9Hi 11 4 t S^e Exch list 7 t 10 11 t 28^4 29 t"x6 1 « 100 22 21 85 110 42 95 120 45 105 1G2Hj I8H2 26 Hi 67 is 60 8Hj lU 3'2 4 Si 48 Si 50 loo 101 T t tiOC. 27^8 40 H 21H2 82=8 6 68 16 13c. 28 22 827, 7 72 19 100 t 132 isi" IO8H2 llOHi 01 63 184 t 650 ^ "^ 700 28 Hi 120 9 10 32Hi 34 76 Si 78 644 641 ..100 102 Si 83 25 f 31 90 75 llTexasife PaciticCoal 100 1st Gs 1908 A-O 5105 110 Title liiiar & Trust See Trust Co'8. Title Ins Co of N Y..1U0 1V5 11^4 Toaapali Min ( Nevada).! t 11 17 Treuum t'olterioscouilOO 14 85 87 Hi Prelerred new 100 75 Trow Directory new. .100 G5 l"* 1 Union Copper 10 1 93 95 Uniou T.\ji)ewr com.. 100 1st prelerred loo 119 12IH1 li!0 2d iireferrcd 100 118 •'!'* 21* Unit Box board<fe Pap. 00 1134 IIH: Preferred IOO 6 loo U S Coitoii Duck 17 U S Envelope com. ..100 83 1,Piilerred 100 4jJ~ U S Leath'-r new ( w 1) lou 40 92 94 new i)tOO Priierrt'd iw OGHi 97 New js (w 1) 25 s 2GHl U S Shipbuilding (w 1)... 8G 84 Preferred (w i) 4934 47 Si 6 cerlifs fist E X Stk Steel Corp new 58 See U S lU Col tr s f 58 '51 opt '11.. 5112 114 Col tr M f 58 '51 nol opf.. ai2 7 Universal Fire Ex I'r. 100 1 Tobacc*...100 U iiiver.xal 5 2 loo Preierreii 1 141 113 Hi 6|4 ' 120 IG G6 4 18 74 85 92 Westcaester 80 66 <fc Broux Title Jb Mort (}u:»r Co Wcstiiigli Air Brake. .50 H45 White Knob t 100 . r 15 SO 1st 5s 1910-1914. ...J-J 5102 101 105 105 65 oa J 43 105 Tennessee Copper 255 92 95 95 65 CO N 6^4 18 t 120 120 5 ol 1 Exch 606" Storage Power Hi % 50 list .Swift & Co See Boston St k E.xc h'ge s, t 5s Hj 10 H» 50 65 102 Hi 2 60 Standard oil 16 24 102 1j 110 153 Nor Am Lum'r&PuiplOO 14 Hj 1H> 33 3 100 100 HOntario Silver 100 Otis Elevator com 100 Preferred 100 24\ 94 '8 Phoenix Milling 1 431. 43 Pittsburg Brewing 50 Preferred 50 Pittsburg Coal 100 Preferred 100 115 125 Pope Manufacturing, loo 15 IGSz Isl prelerred 100 G4 66 Ivu 2d preferred 160 Pratt & Wliitn pref.. 100 11 'J Realty A,s8oc (BklynllOO 11 63 G334 Royal BakPowd pref. 100 124 128 Russell <ta Erwin 25 93 96 .Safety Car Heat& Lt 100 '4 Seminole Mining 5 104" 104 H- Singer Mfg Co 100 3 Standard Coupler comlOO t2S2 95 Prelerred 105 100 2 Stau<lard iMUUui; Co. 100 4 03 Preferred 68 100 52 42 85 40 200 5102 llPreferred N Y Tiansp(>rt:itiou...20 IOH4 16 1 '-2 ClXliW & t 1] NEW YOEK tleb Gs ctfs IJMulual Ga.s 36 30 100 Co.. 100 N Y Biscuil Gs 1911. M-S N YMtgedfc Security. 100 170 U4'6 145 100 Amer Bank Note Co. 50 American Can com... 100 Prelerred loo American Chicle Co. .100 Preferred 100 American Elevated xMaUinf. Gs 19 4.J-D .American Nickel lo Amer Press Assoc'n.lOO Am Soda Foun com.. 100 Isl pref erred luo 11 2d preferred 100 American ."surety 50 187 Hi 260 (old).. Tobacco Amer 50 Preferred See .8tock Exch Amer Tobacco (new; 217 'i common trrects... Prcfd certfs See Stock Exch Exch ami certfs Stk 08 See 4s 40 \.ia lypelo'ra com...luo 95 Preferred loo 4^'4 .Amer Writing Paper. 100 21 Preierreii loo SO'-i J-J 5s 1919 Arizona Con Mining.. .50 ti:8^ HaldomiTO Mining.. t3-4 12 Si iJarney ds Sm Car ... 100 126 luo li Prelerred 50 140 Bliss Company com I'reterred 50 130 100 375 liuudifc Mlgiiuar IJorden's Coud Milk.. UK) 140 Frefcrreil loo 112 Cent Union Gas Ist 58... a 08 HI Con Gas (JS V) stk. See .St K Kxc h Usl Conv and Alliance Realty IJAllis-Chalmers liPrelerred lisl 28 83 \ 86 V Z'l 1954. J-D 1954 ludustrial Preferred 98 165 I60* LstGs 1922 M-S Chan; e list Herrin g- Hall-Marviu 100 125 128 1st preferred 100 80 85 2d preferred 100 100 106 Hoboken Land<£; ImplOO M-N 1168 1910 Houston Oil 100 188 170 Preferred 100 195 205 Hudson Realty Internat'lBankingColOO G3 lut'n'l Merc Marine. 100 89 92 Preferred 100 26 Col tr deb 4 S2l92k:op'o7 77-4 'ii' International Salt 100 l8t g 5s 1951 luterualional Silver. 100 2Vj Preferred 4 100 107 no Ist 6s 1948 J-D Exch list Lanston Monotype 20 70 75 fjawyers Mort Insur.lOO 90 Lawyers' Title Ins. ..100 5 87 5108 no Lord & Taylor pref ..100 5109 111 IlLoriliard (P) pref ...100 110 Jkack 5 V Companies ..lOu 40 60 Preferred loO 5 91 95 Madison Sq Garden. .100 •^n 32 2d 68 1919 M-N 90 UManhatt Beach Oo.lOO Manhattan Transit 20 Mergent'ler-H'n Bskt. 1 Mex Goveru't 4s See Stk Mex Nat Construe. pf 100 4 8 Monongahela R Coal. .50 4 Preferred 8 50 106 109 Mont & Boston Consol .5 90 92 Si Mosier Safe Co 100 21 30 IINat Enam <fc Stamp 100 llPreferred 100 42 46 National Surety 100 100 100^4 II New Central Coal 20 "12 221a 09', IstglsJuuel 2dg48june 1 Havana Commercial. 100 Havana Tobacco 100", 13.1 {95Ht 98 95 106 12 Preferred 100 Hecker-Jones-Jew'l Mill Va & Southwcstt?ru..lOO Wabash Pitts Term Ry 106 96 Exch Exch 50 50 Preferred 105 Si E 255 li tackeiisack Wafer Co Ref g 4s 52 op 12...Jjr Hall Sigjial Co 100 47 122 1G5 flits list 103 91 5105 Bess* 08 123 80 reieaseii 101 lOLHi 106 '4 115 Noriueru Securities.. 100 5120 {loo Standard Gas com ..loo 130 lll'reterred 100 156 ist OS 1930 M-Is 5111 113 See Si k Kxc h list \Vb'fe'<fcFlallslox4'vs 101 li .04 «M«inway 1st 6s 1922.J-J ai9 121 79 80 109 M-JS 5100 "jj. Kings Co. Klevatc-d— l8t 48 1949 See Stock 100 Kassau Klec prel 16^2 luO N )l Ueui aeb 4s '34.M-N Northern Pacific 100 M-N 77^< 78'-i 48 g 1049 So J Gas El & Trac 4 oo 120 122 Gu g 58 1953 M-S 5103 105 No Hud Co Ry 68' 14 J-J 2112 58 1928 J-J 5il2 usl X list X list & Denver Worth City stamped 79 108 J-I) TJFort 1 192 104 115 176 106 108 M-N N J... 100 1933 731-., Essex Pas Os 1905 M-N 5ioo Rapid Tran St By.. 100 250 let 58 1921 A-O 5108 24 J G Hob & Paterson ou 405 no of 73 26 New'k Pas Ry 58 •30J-J Or & New 1st 6s '05 A-O 5100 101 29th Sts Ist 5s '90 llTweuiy-Th'd St stk 100 390 J-J 98 Deb 58 1906 UnjouRylsl58l942 F-A {108 Westchest lsl58'43 J-J lOli ' 1st 4s 1948 115 192 liaib-oad Chic Peo cS: St L pref. 100 Deposited sttjcii. UndeiKisited stock Prior lien g 4 'as'SOM&S Con mlg g OS 1930. J&J Income 5s 1930 "i! 50 104 T-2 107 80 85 mort 68 1909 M->J F-A m4'-. Couaolos 1948 If Sixth Avenue stock 100 172 *Sou Boulev 63 1945. .J-J n02 So Fer 1st ba 1919. ..A-O noo "Slst iTliird list Ist 68 1928 J-J t95'4 HLouisv St5sl930..J<feJ 112 la n3'^4 '24. Lynn<fe Bos Ist 58 J-D 5113 114-'4 3 '4 New Orl Rya Co 10<t Preferred llHi 13 100 4>28 1952 73 75 J-J 87 North Chie Str stock. 100 140 141 Pub Serv Corp of N J 100 let 58 iflst goldos 1932. ..J-D 112 99 ^Scrip 68 1914 ....F-A '51 H-ighth Avenue st... 100 390 •gscrip 6a 1914 ....F-A 105 :1]42d<& 34 100 245 107 & Union Ferry stock .100 M-N Hist 58 1920 11 Ask Bid V ife N J Isl 5s 194G. J-J 23d Sts Ferry 100 Ist mort 5s 1919. ..J-D loth Lake St (Chic) Elstk.lOO stk 100 1Il8tmort48 1950 Street Kailvrays Ask N found on a preceding page. be S; KCrucible Steel 11 100 11 Preferred 100 61H, Cuban Gsof 1S9G 100 IIDiamond Matcl. Co. 100 138 Dominion Securities. 100 13 Doughis Copper 5 t778 Electric Boat 40 100 Preferred 80 100 Electric Lead Reduc'n.50 t ^8 Preferred 50 t Electric Velucle 15 100 Preferred 22 100 Electro-Pueum'ic Tran 1 Empire Steel 9 100 Preferred 45 100 60 UGeneral Chemical ..100 100 100 Sj II Preferred 34 Gold HiU Copper 1 \ Greene Con Cop See Bost Stock Greene Consol Gold... 10 t GHz ackensack Meadows 100 10 I 93 Hudson RiverTelephlOO $26,329,0419 EXCHANGES Week endino fmnuary 13 lyoS 135 86 109 i> 1] Boston 105 63 35 109 90 58 25 5106 5135 85 5109 ife 'iCentrai DAILY TRANSACTlOilS AT THE BOSTOif AXD PHIIiADELPHlA UEB 88 AmerTeIeg& Cable 100 fl $50,000 50,0)0 26,229,000 6,^21, 91 '0 40 list. Commer Uu Government bonds i>rv 103 30 Telesr &, Telephone 5.063,999 $478,014,325 $39,400 BONDS -Bleeck 81 i 1st 6s 1920 January 13 1905 1304 1905 1 to 85 3 ludCNalcS: lU .100 35 20 J-D 70 69 Pas Gasdb Elecioo U Cong 5s 1949... .M-S 'a03S2 105 St Joseph Gas 5s 1937. J-J i 89 91 110 January Week ending JanMMry 13 Sales at iXeto York Stock 25 60 5105 Indiiscrinl ami .lliscel Bid Ask Cons Ry Ltg&Refng.lOO 6 Consol Rubber Tire.. 100 1 Hi Debenture 48 16 17 Cons Storage BatterylOO 10 ContTobac deb 7s'05A.O 5101Hi 102 "a Cramps' Sh<fcEn BIdglOO 30 34 If. A.O 5108 5s 1938 $4,000 Ask Bid 100 102 104 See Stock Exch list Indiana Nat & 111 1st OS 1908 Ind.anapoUs Gas 1st Gs 1920 TRAitSACTIONS AT THK A'EW YORK STOCK EXCIIANOE DAILY. WEEKLY AND YEAKLY LX5X [Vol. iMiiiing. 10 New stock (w i) 1 Oil iiiii|i pref. pi •!. unr Worlium: worLiuui: iPum|i 2H, 119 x i> 172 148 2 1h 122 x^" -^ Hi SeUs on Stock Exohainfu, but uoi a vary active »ecurity- . . . .. . , . ... 1 ' THE CHRONICLE. Jan. 14, 1905.] 157 [wtJ^stm^nt diuA 'Railroad |ntjeUtgewce, RAILROAD GROSS EARNINGS. The following table shows the gross earnings of every Steam railroad from which regular weekly or monthly returns can be obtained. The first two columns of figures give the gross earnings for the latest week or month, and the last two columns the earnings for the period from .Inly 1 to and including sitch latest week or month. We add a supplementary statement to show the fiscal year totals of those roads whose fiscal year does not begin with July, but covers some other] T/ie returns of the street railways are brought together separately on a stibsequent page. period. Latest Qross Earnings BOADS Week or Ala Gt Southern Ala N O & rexaf- 3(1 Current Year Month wk Dec Previous Tear 68,000 61,396 July 1 to Latest Current Year 1,564,885 ROADS J^evious Year 1.469,417 Paciiic. N O & No East. 4i iiwk Dec Ala & Vloksb'K 4th wk Dec Latest Gross Karnings Date 78,673 1,232.549 1,253,534 715,397 64u;.050 5(3.375 51,812 60.992 753,511 727,010 57,998 ViokBb Bb & P. 4thwk Dec l>t€. 414.030 Ver 64,437 Allegheny Valley October.. 2.-1,357 1,040,618 1,0; 3,752 33.760 1st wk Jan Ann Arbor AtoU Top & 8 Fe Novembtr 6,487,014 6,348,388 28,379,905 29,776,553 323,:i90 288,890 1,253,098 1,122,475 Atlanta & Char. October... 419,350 276,407 81,001 56,870 Atlantic &Btr.. November. Atl Coast Line... November 1,947,871 1,739,300 6, 523.30'. 7,804,720 57,276 54,493 15,708 13.23 Bait A Ann SL.. October... November 5,757,747 5,319,803 29,132,475 29,226,272 Bait & Ohio y02,0tt2 8*7,957 Bangor & Aroost November. 174,108 142,25 27,821 5,515 5,682 36,946 Bellefonto Oent'i Deeembrp 22,835 20,848 4,(>44 3,867 BridKt & Saeo K. November BuflRoch* eiottj 8t \v k Jau 114,53J 109,060 4,315,847 4,i;.l,817 479,678 433,437 101,0«2 90,058 Bultalo &Su8q... Novemljer. 823.384 825,859 lOO.ObO 113,163 Cal & North w'n. December 60,200 49.500 2,158,900 1,777,500 Canadian North., Ist wk Jan Canadian Pad He 1st wk Jan 778,000 697,000 27,884,8&0 25.603,458 Cent'lof Georgia 1st wk Jau 168,900 177,850 5,651,472 5.100,846 Cent'lof NJei-sey November 1,840.004 1,801,074 9,483.586 9,334,785 2,038 70,072 68,674 1,860 Chattan South' u. 1st wk Jan Chesap&Ohio... November 1,719,680 1,506,523 8,737,322 8,070,634 Chlo& Alton Ry. November 1,154.332 034.376 5,863,478 5,129,211 Chlo Gt Western. Ist wk Jan 128.930 119,682 4,112,715 4,540,478 ChioInd&L'v... 4thwk Dec 133,962 126,065 2,893,625 2,818.204 Ohio Milw & 8t F November. 4,524,521 4,440,775 22,437,552 22,035,650 November. 4,833,951 4,721,250 25,147,235 25,012,907 Chlc& North cauostPM <feo. November. 1,099,203 1,091,171 5,432,506 5,402,737 25.312 814,327 868,286 25,357 Chic Term Tr UK Isl wk Jau OinNOifeTPao. 3d wk Dec 127.467 117,642 3.504,103 3,261,365 01ClnCh& 8tL. November. 1,892,646 1,697,709 10,135,894 9,372,895 253,998 237,364 1,258,11s 1,282,048 Peoria cfcEast'ij November Colorado & South 1st wk Jan 106,292 103,042 3,305,803 3,176,535 22,497 23.476 74,801 75,837 Lau. October... Col New b 49,275 222,619 198,591 47,624 Copper Range.... October. 4,269 24,094 36,711 November. 3.259 Cornwall 116,833 21.788 17,009 100,915 Cornwall &Leb.. November Denv.&RioGr... Istwk Jan 293,400 255,100 9. 40,499 9,205,089 407.820 81,147 80,587 409,779 Det& Mackinac. November 845,309 37,230 787,423 43,869 Detroit Southern. 4thwk Deo 52,829 63,044 1,346,302 1,393,094 DnlSoSh&Atl.. 4th wk Dec November 4.002,222 3,489,855 19,998,633 20,434,162 Erie 4,235 3,013 15,235 12,633 F'rchild&N'r'e'n November 40,>5»2 6,580 33,519 7,957 Farmv & Powhal Noveaober FtW&DenvCity November 256,723 237.136 1,099,159 l,272,94z November 234,35^ 216,041 1,081,536 1,03><,498 Georgia RR 865,642 858,067 Ga South & Fla.. December. 145,06? 153,819 35,843 57,437 GUaV»lG<S; N.. October... 6r Trunk System Ist wk Jan 555,459 509.105 19,131,724 19,281,6011 76,i;6b 80,039 2,41«.264 2,602,651 GrTr. West'n. 3d wk Dec DetGrH&M.. 3d Wk Dec 25,408 22,089 733,9a5 651,5341 Great Northern.. December. 3,506,284 3.061,781 23.219,607 22,951,287 Montana Cent'l December. :i04,013 20«,7«2 1.186,232 1,082,0981 Total system. December. 3,710.297 3,270,563 4,405,839 24,033,385 44,127 42,92a 946,256 943,198 Oulf&ShipIsland 4th wk Dec 96,940 107,184 3,368,552 3,326,253 Hocking Valley.. let wk Jan Illinois Central.. December. 4,367,376 3,806,150 25,764,875 4,032,382 106,238 25,316 21,690 150,273 Illinois Southern Decemoer. i60,-'8l' 644,035 129,854 694.780 Indlll & Iowa... November 92,537 91,426 3,489,371 3,4'.i6,629 Int & Gt North'ii Ist wk Jan 97,855 113,575 2,955,792 2,896,920 tlnteroc(Mex)... If*;, wk Jan Istwk Jan 47,717 45,250 1,366,636 1,261,660 Iowa Central 40,982 868,261 36,866 906,195 Kanawha & Mich 4th wk Deo Kan City South'n November. 619,759 580.433 2,766,833 2,683,884 442,190 438,492 2,645,763 2,770.983 LakeErie&Westn December Lehigh Val RR. LVovember 2,746,097 2,259,622 13,220,295 13,004,314 37,204 43,320 248,676 November Lexing <&EaBt'n. 195,108 Inc. Long Island November. inc. 212,317 56,277 264,849 52,088 341,141 Louisiana & Ark. November Louisv & Nashv. Istwk Jan 708,565 625,075 20,167,406 19,478.304 13,610 73,302 Macon iS; Birm. . December. 13,050 73,617 Man'tee& Gr. lin p November 4,282 37,332 5,802 34,187 Manls & No Eas; October ... 31,069 128,482 32,372 138,909 Manistique 4,627 40,327 December. 5,819 47,450 Maryl'd & Penn.. November. 28,140 147,510 24,191 149,763 tMexioan Cent'l.. November 2,010,009 2,048,999 10,256.375 10,351.686 {Mexican litem. November 566,874 605,029 2,750,266 2,773,911 f Mexican Ry Wk Dec.24 119,300 117,300 2.824,740 2,698,500 JMexicanSouth'c 3d wk Dec 22,959 499,052 21,324 526,942 Millen & So'w'n. November. 22,27s 6,527 4,646 34,541: Mineral Range.. 1st wk Jan 293,377 10,551 357,747 8,978 Minneap A St E 1st wk Jan 49,270 47,077 1,621,884 1,642,593 Mo Kan & Texa.s 1st wk Jan 303,586 298,579 11,221,092 9,939,104 Mo Pac & Iron Mt Istwk Jan 640,000 649,000 23,159,760 12.654,004 Central Branob Ist wk Jan 18,000 31.000 851,000 1,000,000 Total 1st wk Jan 658,000 680,000 24.010,760 23,684,004 80,081 1 W <Sfc or .M 8t PA 8 St U. 1 8t Week Month wk Jan C. Wk Deo31 Ohio... Ist wk Jan NashCh A .St h.. l8t wk .ran JNat'lRRof Mcx 1st wk Jan Mob Jack & K Mobile & Nev-Cal-Oregon December. Nevada Central.. October... N YC&Hudl^iv December. N Y Out <te West. November N Y Susq & West November Norfolk .fe Weat'i; November Northern Central November North'n Pacific December. Ohio Rlv& West.. November. Paciiic Coast Co. November. ePenn— EastP&E November eWestP&E.... November Pere Marq iiette 3d wk Dee PhilaBalt&W'sh November PhllaA Erie... October... Pittsb C & St L November Raieish&C Fear November Reading Railway November Coal&LrCo.... November Total Both Cos. November Rich Fr'ksb & P November Current Year 139 621 8,041 116,503 175.038 197,012 14.089 3.356 6,893,934 578,542 253,583 1,984,253 894.837 4,263, CIS 16,773 489,029 10453525 Inc. 6 232.049 1,162,159 729,319 2,067,205 5,086 3,135,858 3,391.226 6,527,084 115,272 61,379 Rio Grande Jet,. October... 12,695 Rio Grande So... 4thwk Dec Rocklsl'd Sys.. November 4,132,406 Decern brr Rutland RR. 99',4i3 November St Jos &Gr 1 StL&SaJiFrano November 3,610,405 152,775 St L Southwest .. Ist wk Jac StLVan<feTH.. December. 211,868 Seaboard Air E.. November. 1,154,815 December. 121,557 Soutliern Ind SoPacifloCo6... November 9,071,428 Southern Railw'y Istwk Jan 787,185 164,135 <& Ind . . December. Terre 70.414 Terre H & Peor.. December. 31,882 Texas Centra! . 4thwk Dec 236,245 Texas & Pacific. Istwk Jan TexS W .. October... 17,800 60,916 St wk Jan Tol & Ohio Cent 20,734 TolP .fewest.... 1st wk Jan 03,710 Ist w k Jan Tol StL& 12,666 Tor Ham & Butt 3d wk Dec Un Pac System November 5,719,798 52,088 Virginia & So VV'n December. 400,409 Ist wk Jan Wabash 242,563 Jersey <& Sea'e November 78,281 Wheel & LE 1st wk Jan 13,419 Wm'sport&N.Br. November Wisconsin Cent.. 4thwk Dec 151,000 18,220 Wrightsv & T'n.. November Yazoo <fe Miss. V. December. 972,382 . . H . V&N ! W . W VARIOUS FISCAIj YEARS Allegheny Valley Atlanta & Charl Air Line & Atlantic Birmingham Belief onte Central .". Cliic St P ISUnn Omaha.... International & Gt North'n.. Lake Erie Western Manistee North Eastern.. & & & Manistique .Maryland & Pennsylvania.. ^Mexican International jMexican lUiiiway {Mexican Southern .. .. Missouri Paciiic Central Branch TotaL RRof Mexico Northern Central tNational ePennsy.,Eastoi: eWestot P& E Pero Marquette P& E & Phiia Baltimore Wash Philadelphia & Erie Pitts Cin Cliic & St Louis Rio Grande Junction St L Vandalia & Terre Terre Haute Indianap Terre Haute Peoria H & & Texas & Paciiic West Jersey & Seashore Juiy 1 Previous Year Cvrrent Year Mar. Dec. Jan. Jan. Jan. Jan. Jan. Jan. Mar. 1 Jan. 1 Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jan. Jau. Jan. Jan. Dec. 1 to to to to to to to to to to to to to to to to to to to to to Current Year 4th week Oct Ist week Nov. 2d week Nov. 3d week Nov. 4th week Nov. Ist 2d 3d 4th l»t week week week week week t (45 (49 ;49 (50 (52 Dec (50 Dec (48 Dec (48 Dec (48 Jan. (35 road 8), roads). roads). roads) roads). roads). toa.is). 8,976,>-32 9,021,49i) roads). roads) roads) 8,927,835 12,958,404 6.760,190 Mexican currency. operated, 9,542,745 10,126,282 14,297,971 9,480,183 9,475,7^6 9,765,176 13,338,073 8,902,024 9,269,091 13,988.402 8,758,879 9,093,461 8,794,167 11,473,957 3,373.471 8.362,002 8,288,087 12.476,020 6,365,869 7-20 -+857,191 9-25 + 640,721 Month Jan. 1904 Month Feb. 1904 Month Mar. 1904 +309,56H 2-21 +721.304 8-23 Aionth Apr. 1004 +382,325 4-2 (t Month May 1904 +971,00!! 11-04 Monili Jiuie 1904 + I,8(i4.11(; 16-2t Momli July 1904 + 603,861 7 'Zl Momh Aug. 1904 + 659.497 7-89 M< nth Sept 1904 + 639.74~ 7-72 Moutii Oct 1904 +482,384 3-87 Month Nov. 1904 +394,321 6-19 Month Dec. 1904 Nov. 30 Dec 31 Nov. 30 7 Jan. Dec 31 Oct. 31 Dec 31 Nov. 30 Nov. 30 Dec 24 l>ec. 21 Jan. Jan. Jan. Jan. Nov. Nov. Nov. ( Nov. Oct Nov. Jan. 1 to Jan. 1 to Jan. 818,078 74,072 57,276 10,412,542 10,999,755 92,5.-<7 91,426 4,970,992 5,218,723 316.474 355,220 70,007 83,41 2 250,136 249,825 6,311,873 6,494,465 5,863,640 5,438,000 1,141,475 1,010,786, 649,000 640,000 31,000 18,000 6bO,000 658,000 213,454 197,012 9,462,908 9.486.103 Vec.1,5 05.400 11,804,806 10.906,028 12,501.34(i 12,523,646 6,394,515 6,595.164 21.987,711 22.727,664 642,741 514,786 400,078 489,882 337,247 344,14(i 104,340 132,665 224,308 236,245 4,063,084 4,016,584 Dec Oct Deo. Dec Dec Nov. 121,307,020 127,083,582 118.445,889 115.448.815 1.33,218,211 133,294.034 132,433,290 136,783,139 130,935,613 134,660,386 113,351.4911 114,280,175 132,242,621! 139,712,599 145,292,493 144,558.47o 151,475,024 147,338,536 159,732,959 154,758,62-J 68 rds.) H3,536,601 57,isl 8,885 67rd3.) 59,429,656 55„069.547 b Includes the Houa, ^fe Tex. Cent and Its subsld. lines in both years and lor botn periods, &. Eastern niiuois in both yeai-s. g Includes the Chicago Year 108047519 113398219 (127 rds.) (129 rds.) (125 rds.) (127 rds.) (128 rds.) (io« rds.) (125 rds.) (122 rds.) (124 rds.) (124 rds.) ( PreviotiS Dec. $63 8.395 Oct. 31 Oct. 31 $2,402,61-/ $2,183,972 AGGfCEGATES OF GK03$S EAUMNGS— Weekly and Monthly. WEEKLY SUMMARIES Current Tear Previous Tar Inc. or Dt». P.C. MONTHLY SUMMARIES Current Year Previous Tar 2d week Oct (46 roads). 3d week Oct (47 roads). Year i to to to to to to to Nov. 1 Nov. 1 Nov. 1 Latest Date. S * 105,951 4.744,141 4,192,021, 8,138 246,597 195.756' 107,896 4,334,357 4,033,780 179,850 5.348,830 5,165,330 213,454 5,845,802 5,810,091 14.354 123.433 112,392 3,612 9,865 13,634 6,443,525 42.100.406 41,209,419 538,883 3,114,945 2,999,254 200,656 1,074,520 1,040.659 1,771,601 9,814,-J27 9,557,178; 834,837 4,584,314 4,445,914 3,799,l--:0 27,886,40b 26,533,845: 15,817 93,375 98,687: 450,017 2,821,334 2,666,543 9,799.925 51,351,843 53,242,943^ J'ee. 13 0,400 59,600 199,934 6,472,243 5,615,050 1,140,059 5.928.535 5,899,635 748,544 2,923,850 2,987,158 1,979,725 10,369,551 10,846.820 4,247 21.007 20,082; 2,759,210 14,969,663 14,876,437 2,395,068 13,205,561 12,814,156 5,154,278 28,175,224 27,690,593' 105,518 575,376 558,249: 206,898 56,143 226,0589,774 246,094 236,843! 3.911,772 19,499,912 21,086,343. 1,349,228 1,329,489 558. '/OO 95,1 00 583,066 3,090.720 17,184,400 15,723,488 133,607 4.905,809 4,198,461: 194,202 1,793,908 1,277,431 1,057,121 5,463,-521 5,056,557 105,999 730,622 671.211: 8,416,988 41.056,783 41, 234,683 760,245 25,596,106 23,809,334 165,829 1,145.085 1,098,09^.; 60,032 366,112 331,439 431,200-; 476,0^:7 34,»51 224,308 7,149,263 6,733,530; 17,100 56,200 51,200; 42,650 2,241,855 2,035,305; 677.780^' 710,066 21,393 56,859 2,046,025 1,723,518 11,539 318,124 290,221 5,052,789 26,551,122 25,035,048: 41,665 299,891 341,491 369,271 14,206,384 12,636.001 244,963 2,287,632 2.291,732 57,165 2,378,205 2,380,429 11,522 77,938 77,284 150,75W 3,508.441 3.429.112 17.052 85.077 73.648 846.214 4,572,527 4.028,710 Period Jan. to e Inc. or Dee. -5,776.562 +2,997,074 —75,823 —4,349,819 —3,724,773 —928.684 -7.469.978 +734,020 +4,136,488 P-C. 4-55 2-60 00i> 3-18 2-77 081 5-35 0-51' 281 + 4.974.337| 3-21 + 5,717.716 9-88 +4,360,109, 7-92 Covers lines dirw»tljr 158 CHRONICLE IllE Latest <^ro88 Earmin^g by Weeks.— In the table whloh we sum up separately the earnings for the first wenk of January. The table oovers 36 roads and shows 6*19 per cent increase in the aggregate over the same week Vol. lxxx. — Gross Earnings. — follows last year. lat week of January. 1905. S A3iu Arbor..... BaffaloRoon. & Kttsb's. Canadian Nortbern Canadian Pacific Ofntrai ota«oreia Obattanooga Soatbem... Obio. Great Western..... Chicago Term. Transfer. Colorado <fe Southern DenvOT A Bio Gr»n(I« Gr'nd Trnnb of Canada ) Grand Trunk West.. > . Det.Gr'nd Hav.&MU. ... Hooklne Vallev InTernatlonal & Gt.5*o.. Interoceanlo of Mexico.. lowaOentrai ............ LoulflvUle & NashvlUe.. Mineral Ran«;e... aflnneapoUB & St. Lonls. Minn. 8t. P. & 8. 8te. M.. Mo. Kansas & Texas Mo. Paolllo & Iron Mt.. Central Branch.. MobUe . (feOhlo Nashv. Chat. & St. LoalB. National RR. of Mexico. St. IiODls Southwestern. Soathem Railway ...... Texas <Sc Pacific .. Toledo & Ohio Central.. Toledo Peoria & Weat'n Toledo St. L. & West WftDftBH •»»«•>»« ••^••n» Wheeling <& Lak e fir i s. . . Total (35 roads) Net Inoreasd (619 p. 1904. iKereaae. 33,76C 114.532 60.200 778.000 168,900 1,860 128,»30 25,357 106.292 293,400 3 28,387 109.06C 49.500 697.000 177.850 2.038 119,682 25.312 103,042 255,100 9,248 45 3,250 38,30r 555,459 509,105 46,354 96,940 92,587 97,855 47,717 708.565 107,184 91,426 113,576 45,250 625,075 lO.SISl 49.270 139,621 303.686 640,000 18.000 116,503 175,038 197,012 162,776 787,185 236,245 60,916 20,734 63,710 400,409 78.281 8.978 47,077 105,951 298,579 649,000 31,000 107.896 179,850 213,454 133,607 760.245 224.308 42,650 2l,3J3 56,859 369,271 67,165 6,760,190 6,366,869 C. HXanlBtlqne.b Dec. Jan. 1 to Dec. 31 Deerease. Mexican Tel'phone 5,373 5.472 10,700 81,000 8.950 178 10,244 1,161 16.720 2,467 83,490 1,573 2,193 33,670 5,007 9.000 13,000 8,607 «»• ••>• •• » 4,812 S16,442 19,168 26.940 11,937 18.266 669 6,851 31,133 . 1903. Increase. Pac— Gr'nd Trunk of Canada Grand Trunk Det. Gr. Hav. West,.. & Mllw. Decrease . 21,524 ""'487 "7'897 "8,639 "6,639 1,013,861 43,942 44.127 119,300 267.6^1 31,882 42.928 117.300 270,440 34.851 1,199 2,000 12,958,404 13,476.020 606,103 432.384 ..... p.o.).. "2,819 2.969 123,719 Net Earninss Monttil j to Latest Dates.— The table f oUovv leg shows the gross and net earnings of Stbam railroads reported this week, A full detailed statement, InolBdlng all roads from which monthly returns can be obtained, is given once a month in these columns, and the latest statement of ihis kind will be found In the Ceboniole of Dec. 24, 1^04. The nezt will appear in the issue of Jan. 21, 1905. —Overrent Gross Earnings. — Previous Year, Year. Nel Current Year 178,101 171,964 July 1 to Nov. 30.... 838,954 887,719 BellofonteCent.-b Dec. 5,518 5.682 Jan. 1 to Dec 3l.... 57,276 74,072 Brldgt. & Sacn R. b.Nov. 4,644 3,867 July 1 to Nov. 3o 22,835 20,848 Chlo.Ind.&Louis.a.Nov. 468,857 424,501 July 1 to Nov. 30 2,466,755 2,424,103 Ohlo.Ter.Transf.b.Nov. 127,865 141,688 July 1 to Nov. i»o..., 664,780 711,056 Edison Elec. Ilium. Oo. of Brockton. Mass. .Nov. 10.517 13,293 Jan. 1 to Nov. ;.0 93,552 107,306 Fall Co River Gas Year. 76,576 282,985 2,254 17,843 80,311 286,944 1,856 29,646 1,345 8,438 152,386 1.231 8,381 177,388 991,595 50,352 242,343 50.724 287,397 5,232 45,473 4.982 29,080 99)S,912 Works Nov. 4.282 34,187 4.627 83,412 24,931 196.933 494 5,802 37,332 5,R19 70,007 22,923 181,872 2,451 def.1.529 13,523 10,695 87,558 def.1,490 def.8,486 def. 1.369 def.567 10,679 89,509 65,109 54.240 268,409 233,067 17,852 16,842 109.344 98.038 16,773 15.817 93,375 93.687 489,029 450,017 2,821,334 2,666,643 115,272 105,518 575,376 558,249 99,413 95,100 568,260 683.066 846,772 771.418 3,878,456 3,296,077 Int., Rentals, etc. — . r-Bal. 27,911 80,761 12,097 9,590 July 1 to Nov. 30.... 134.166 142,»24 43,794 58,834 Farmv.aPowh'n.a Sept. 920 def.1,056 6,455 7,790 Month of Oct 7,323 Ldef.1,758 def.l,;i65 8.446 def.604 Mouth ol Nov 6,580 1.280 7,957 40,882 33,519 3,352 def.3,748 July 1 to Nov. 30.... 768,907 750.414 Gr. Trunk of <!an.. Nov. 2,447,849 2.337,866 July 1 to Nov 30.... 1:^.708.864 12,793,084 4,188,596 4,167,183 483.248 488,596 110,470 87,597 Gr. Trunk West... Nov. 264,618 283,717 July 1 to Nov. 30.... 2,161,212 2,437,142 112,903 98,303 34,066 15,573 Det.Gr. H.&Mll.Nov. 650,650 194,174 582,032 156,702 July 1 to Nov. ::iO.... Ido. 56,277 Inc. 40,465 Nov. Long Island b Inc. 212,317 Inc. 161,633 July 1 to Nov. 3u.... Lowell Electric Light 23,748 21,233 Corporation Nov. 11.697 9.127 99,090 93,783 44,234 36,773 July 1 to Nov. iO.— of Net Earn'gs,—. Current Previous Current Previous Year, Year. $ 26,851 135,007 308 3,660 543 $ 29.006 162,879 433 607 688 2,716 2,533 6,666 *52,081 *138,039 1.423 24,450 838 8,905 768 1,357 10,622 4,474 35,185 3.628 18,468 1.381 98 376 9.274 42,413 12,002 88,488 1,116 5,665 1,494 6,128 10,581 38,569 7,633 30,645 9,197 9,962 46,721 48.518 2,163 2,192 10,813 10,959 at. 108. &Gr. l8l'd..Nov. 20,872 20.337 97,742 July 1 to Nov. 30.... 109,043 Seaboard Air Line.. Nov. 250,575 232,743 July 1 to Nov. 30 .. 1,216,414 1,165,901 32.007 Tol. Peo. & West... Dec. 22,942 138,210 July 1 to Dec. 31 147,087 W'msport <b No. Br. Nov. 2,708 2.744 13,352 13,890 July 1 to Nov. 30.... 25,022 83,529 5,759 43,305 16,253 58,225 4,041 34.356 Ann Arbor Nov. July 1 to Nov. 30...,. Belief onte Central Dec. Jan. 1 to Dec 3i Brldgt. & Saco Riv.Nov. July 1 to Nov. 30 Edison Elec. Ilium. Co. of Brockton, Mass.. Nov. Jaiu 1 to Nov. 30..... Fall River Gas Works Co. Nov. July 1 to Nov. 30.... Lowell Electric Light Corporation Nov. July 1 to Nov. 30.... Minneapolis Gen. ElecNov. tric Oo July I to Nov. 30 .., Nev.-CaL-Orejron. Nov. July 1 to Nov. so — 10,288 . Year. 6,196 316 * *50,542 *151,553 1,949 13,683 Year. def.6,177 def.15,828 29,664 -124,519 *400,953 7,664 3.471 1,463 9,466 7,252 *60,340 *124,906 def. 1,964 8,370 def. 2,007 5.S24 After allowing for other income received. STREET RAILWAYS AND TRACTION COMPANIES. Latsti Qross Bai•nings GB088 JBABNIMOB. WmkorMv Our'ni Fear. Previous $ Nov. Year. $ Ear nings.-—. Moada. Ann Arbor. to Year. $ . > Total (48 roads) Net Increase (3-87 "2',994 *6,264 1,057,803 > & Ohio Texas Central. 1,408 4,563 108,811 i Gulf &8hl»Ialand Mexican Southern ...... Mobile 610,667 Year. S — 79.005 $ Prev^ouBly ?sp'(X(32 rd'a) 10,638,144 10,236,288 Ala. N. O. & Tex New on. & No. East.. 80,081 78.673 51,8i2 56.375 Ala. & Vlcksburg 57,998 60,992 ViokB.Sh. & Pac 53,646 59,910 Ann Aroor. .>.-..•...... 327,635 306,111 Oentrtkl of Q«or^a 3.26B 2.782 Chattanooga Soathem... 126.065 Ohio. Ind'plts <& Loulsv.. 133,962 42,554 36.915 Chic. Term. Transfer.... 37,230 Detroit Southern ...... 43,863 Year. , Interest Charges and SnrplHS. For the fourth week of December our final statement oovers 48 roads, and shows 3*87 per cent increase in the aggregate over the same week last year. 1904. Previous aaetearningsherfl given areafterdedaotlngtazeB. b "Set q»irnln«» here ?lv6n ar«s before dednotlnsftaxB? k Second-hand looomotlve purchased and charged in operating expenses this month. Roads. ith week of December, Current 34.219 26,215 129,250 106,743 BTev.-Cal.-Oregon aNov. 7,922 6,233 Jtdy 1 to Nov. SO 54,118 45,315 Ohio River & West. Nov. 3.566 3,682 July 1 to Nov. 3t) 22,766 23,696 Pacific Coast Co.a.Nov. 105.794 90,035 July 1 to Nov. 30 610,874 556,521 Rich. Fred. & Pot.. Nov. 32.078 29,597 July 1 to Nov. 30 ... 168,301 166,640 St. Jos. & 6d. Isl.b.Nov. 14,696 4,509 July 1 to Nov. oO ... 138,706 104,994 StLonis S'west. b. Nov. 289.204 276.402 July 1 to Nov. 3<>..-. 1,378,720 1.096,042 Seaboard Air LlneaNov. 1,164,815 1,057,121 373.368 292.993 July 1 to Nov. 30 5,463,521 5,056,557 1,632.489 1,272,908 Sonthern Indlana.bNov. 128,570 120,280 60.618 66,960 July 1 to Nov. 3o 609.065 865,212 275,135 276,910 Tol.Peoria& West.bDeo. 127.326 105,636 39.671 20.978 July 1 to Dec. 3i ... 689.332 656,387 150,589 146.600 Wmsp'rt& No.Br.aNov. 13,419 11,622 737 4,171 July 1 to Nov. 30.... 77,938 77,284 23,318 19,714 21,116 473,326 394.321 Oct. Mar. 1 to Oct. 3i Minneapolis Gen. Electric Co Nov. July 1 to Nov. 30... $ Ear nings. A'et Precious Itoads. Manistee dt Gr.Rap.Nov. July 1 to Nov, 30 ^ , Current October... Albany & Hudson . American K'ys. Co.ll. December. ll»,7.i4 Anr. Elgin & Ohio. Rs fear. fear, rg • December. December. Chic. & Oak Park Oln. Davton & Tol.Tr. Noveujber Oln. Newp.& Cov.Ry. November 't Mil. Citizens' Ry. «& Llgni (Mrisoatine, Iowa).. Cleve.A Ho. W.rr.Co.. Oleve. Pains V. & E... Detroit United Ky..v, Duluth Street Ky ... East St. Louis & Sub. Elgin Aurora & Sou. Ft. Wayne «fe 'V abash Valley Traction, b Geary Street Ry.. .. Havana Elec. 39,426 73,461 38,66^ 83,287 Elec. ;? freviOMti Sear. i8 231.674 09,616 1.431.720 1,367,467 418,344 ,, 16,909 230,385 219,113 22, €6.3 November 35.45' November 18,434 Blnghamton Ry Boston & Worcester.. November 2^,739 25.2la 5,79 U 5,670 Burllngt'n(VC.)Trao November Oal. GasA Electric.. November 108,428 i4».410 November 88.679 38,705 Cent. Penn. Tract Chicago 1 !o liiUii Ourrtnt $ 24,179 . .'ar,. Prcv'ut 24,085 73,441 39.69'- 80,807 246,098 72,331 3,64 \587 477,997 464,654 800,673 459,019 928.177 69,55"3 471" iVa 292,247 811.366 477.848 906.073 November 10,575 7.963 99.042 89,506 48'J,289 November 41,047 87,86 411,748 November 1«.709 15,791 208.65^ 199 007 IthwkDdO 128,526 110,734 4,522,697 4,370,723 Istwk.Jun November NovemDer October . . November Ry.Co Wk. Jan 8 36,880 11,183 10,335 94,677 1,248,148 34,61b 415.423 71.884 68,031< 11,183 129,8 i I J 10,335 953,718 417,767 694,861 13,«77 32,875 (29,358 Honolulu Rapid Tr November (& Land Co Houghton Co. St. Ry November HouHton Elec. St. Ry. November Illinois fraction Co.. November [nrtlanap. AEi^Ht. Ky November Martina vlUe Rapid Tran.. November Indlanapoll8& North western Traction.. November 27,707 16,692 42,983 90.040 18.143 22,904 15.094 30.736 298,731 182,430 250,730 176,644 77.339 882",68'8 16.87i 199.719 728,794 149,746 Inrtlauap.afc Interuat'l Tract. System 8,176 d 172,689 30,163 Co (Bn(ftilo).. JaokBonvlllo Ki«o 9,472 (^i. November 328,346 314.006 3.807,951 3,653.782 Novemhf^r /:-i.249 24v<3 763.930 227 225 .. — — .. THE CHRONrCLE. Jan. 14, 1905. 'ivttfg !,'Ut9t November November November October . . November December. November MIL Lt. Heat ATr.Oo November Montreal Street Ry. November Ft. & Wayne Niagara St. Oath. & Toronto Ry Norfolk Ry.<feLt.Oo. Nor. Ohio Tr. & Lt. Oo Northern Texas Trao. Northwestern Elev. Oakland Trans. Oon» Olean St. Railway.. November November November Orange Oo. Traction. Peeks. L't'g&RR. Co. October Pottsv, Union Tract November Bys Co.Qen.— Roads November .... November Light Oo'o Boohester Railway .. November Boob. & East. Rap. Ry November . - Prevwut Year. Year. 605.OU6 670,069 15,682 167,069 71,388 47,634 121,307 109,065 8,893 8.333 9,656 16.025 24,403 2,409 118,611 20,195 191,417 184,075 553,545 514,366 69,049 819,115 810,622 40,358 509,545 423,224 118,201 1,288,336 1,246,663 100,866 8,854 109,207 7,647 102,182 92.853 180'272 15,251 187,593 22,434 311,828 290.070 2,102 22,616 21,258 104,887 1.351.858 1,159,849 d 110,761 Rockford Belolt & November JanesvlUe Bt Joseph (Mo.) Ry. 9,746 9,788 118,807 122,209 Lt.Heat<Si;Pow.Oo. November 59,111 50,903 619,184 589,417 8ao Paolo (BrazUi Tram. L't & Po. Oo. Wk.DeclS 23,962 18,900 — Int., Jici Uals, j Jan. 1 to Nov. 30.... Jan. 1 to Nov. 3o Seattle Electric Oo.Nov. Jan. 1 to Nov. 30.... Syracuse Rapid Tr.Nov. July 1 to Nov. 30 Tampa Elect, no. Nov. Jan. 1 to Nov. 30.... Terre Haute Tr&Lt. Nov. Jan- 1 to Nov. 30.... . . 145,60/ 1,119 68,387 26,873 41,491 140.718 15,815 41,561 120,23a 600.702 533,567 17,565 1,523,421 1,629,866 733,071 277,565 428,724 775,831 330,989 517,35.^ 203,296 44,120 41,561 4,305,167 4.062,206 9,963,39^ 7,259,459 6,080,1 V 8 i,682,833 226,877 211,955 Spanish silver. R These are restate for properties owBed b These are the combined earnings of all the oonstitaent companies. d Figures here are from Jaly 1. n These earnings Inolnde the Detroit United Ry.. Detroit dk Poxt Huron Shore Line and the Sandwich Windsor <b Amherstbnrg By. T These fignres are for period from June 1 to Nov. 30. t Street Eailway Net Eart&lng^a,—The foliowing table gives the returns of Stbeet railway gross and net earnings received this week. The last general snmmary which we f nmish once a month, and in which we bring together all the roads from which monthly returns can be procured, was given Dec. 31, the next will be given Jan, 28. /Oi^oss Earnings. Net Ear — Soads. Ohio.(& Milw. E lee. Dec. Jan. 1 to Deo. 31.... cOln. Newp. & Cov Ry. Co. a Nov. Jan. 1 to Nov. 30.... Fort Wayne & Wabash Valley Traction ..Oct. Jan. 1 to Oct. 81 Houghton County St. Ry. (Hancock, Ml oh.) Nov. Jan. 1 to Nov. 30 Jaoksonv. Elec. Co. Nov. Jan. 1 to Nov. 30 , Current Previous Year, Year. Ctn-rent Year. $ $ $ Previous Year. 39,426 464.654 24,085 292,247 21,907 385,618 13.767 193,620 83,287 928,177 80,807 905,073 36.443 372,717 31,355 370,563 71,884 694,861 68,032 28.110 246,965 25,032 16,692 15.094 182,430 175,644 23,249 24,936 263,930 227,225 Lake Sh. Elec. Ry.aNov. 54,336 46.819 Jan. 1 to Nov. bo 605,096 570,069 Savannah Electric. Nov. 45,635 44,855 Jan. 1 to Nov. ijo.... 495,689 474,630 Seattle Electric Co. Nov. 200,607 178,024 Jan. 1 to Nov. 3o.... 2,112,504 l,903,13i! Syracuse Rap Tr.bNov. 70,0»5 68,387 July 1 to Nov. 30.... 361.323 350,896 Tampa Elect. Co... Nov. 35,571 26,873 Jan. 1 to Nov. 30 330,989 277,565 Terre Haute Tr&Lt. Nov. 49,308 41,491 Jan. 1 to Nov. 30.... 517,355 428,724 . Previous Year. Year. Year $ $ 5,909 60,509 9,096 102,532 22.S69 204,829 19,257 211,760 52,636 653.368 29,804 158,396 14.442 134,301 20,137 180,860 Annual Reports.— All annual reports of steam railroads, and miscellaneous companies which have been published during the laat half of 1904 may be found by refer ence to the general index on pages vi. to x. of the CheonICLE of Dec. 31, the annual reports being indicated in this index by heavy-faced type. Mexican Central Railway. (Report for the Eighteen Months Ending June 30, 190^. J The report issued late yesterday, which will be given at a Net earnings here given are after deducting taxes. bNet earnings here given are before deducting taxes. c Includes South Covington & Cincinnati St. Ry. Co. results of operations as below. Cal. year Cal. year 1903. 1^02. Gross earnings (Mez cur.). .J21,182,827 16,170,921 Operating expenses Net earns. (Mex. (U.S. do do cur.)., cur.).. . . Net earnings Balance from 1902 Int.on TampicoHarb.Co.bds. Wlthdr'n from subsidy fund Total Deduct $5,961,606 2,513,38i Tamplco Harb. Cerent. acct. Int.on equip. & col. b% bonds Int. on coliat. 4H^ bonds.... Int. on mortgage bonds -V. , Jtoads. Oln. Co Year. Year. $ $ $ $ Newp. & Gov. Ry. Nov. Jan. 1 to Nov. 30.... Houghton County St. 16,483 181,184 19,651 187,666 14.872 189,379 Ry. (Hancock. Mich.). Nov. Jan. 1 to Nov. So.... Jaoksonv. Eleo. Co. Nov. Jan. 1 to Nov. 80. 3,324 37,111 3.019 83.788 2,828 32.236 3.188 33,228 2,585 23.398 6,067 68,746 $3,697 Deficit & premium account. Miscellaneous interest 7.S,845 49-<.289 Bond acct., incl. disc't, etc. Amt. from Inc.fordisc't. &c. Int. on equip, trust notes .. 627.434 «00.000 Bettermeuts 428 & 33t5,H68 imptov'm'ts Total deductions. ;-33 7.49^,294 None Balance Kichmond Fredericksburg & Potomac Railroad. (Report for Fiscal Year Ending June 30, 1904. J President E. T. D. Myers says in sabstance: During the fiscal year the bonded debt was Increased by the Issue of $2,300,000 3^ p. 0. 40year bonds secured by the mortgage of April 1,1903; $1,860,000 were sold at 95 and accrued Interest, and the $150,000 at 90 and accrued Interest. The proceeds are applied to double-tracking, the purchase of real estate and other Improvements. The board does not anticipate any [further] Increase In bonded debt. total debt Is $2,800,000, averaging $34,300 per mile of double track. The Indebtedness of the Potomao RB. Co. to this company has been settled by the payment of $103,000 in money, and the balance. $20,631. which fairly represents the depreciation, for which this company was responsible, of the railroad and wharves of that company, has been charged to profit and loss. A comparatively small amount remains to be dore to complete the The double traolf, and unless unforeseen difficulties present themselves the double track will be ready between Richmond and Qaantloo for the spring business. The results for the late fiscal year were as follows: EARNINGS, EXPENSES AND SHABGES. 520.426 858,518 143,388 473,812 729,642 135,451 430,679 617,(08 120,268 1900-01 $ 384,485 573,833 108.647 ...1,522,332 1,338.905 1.168,054 1,066,865 Mali-tenance of way, etc.. 115,813 Maintenance of equlpmn't 160,551 98,504 146,507 654,439 41,072 114,958 464.844 34,229 96,683 136,296 430.880 31,Y55 10,968 726,572 441,48S 16,105 695,114 371,751 26,314 513,102 409,351 457.589 398,065 72,541 231,144 10,659 22,500 231,144 31,175 231,144 48,776 228.520 770 60,000 262,319 195,270 338,066 59,999 $ Fre'ght Mall, express, etc Total 1901-02. 1902-03. 1903-04. Earnings— Expenses— 701,088 44,049 Transportation General, etc 1,021,501 Total 500,832 12,270 Net earnings Add other Income Total 940,522 398,383 Dfduct— Interest Dividends Mleoellaneous New equipment, eto 101, 923 46i466 416,267 96,834 300,104 109.246 1904. $ 1903. 5,769,335 4.504,771 20<i.59f< 204,590 672,683 23,279 Assets— Road and ment equip- Investments Cash Due by agents, etc. dividuals Supplies MlHcellaneouB 4t^2.1H2 £2,402 In- S07.0n 71,025 174,898 77,404 173,61)5 $ 2 ,8?9,800 2, 800,000 i 333,747 2,889,300 500,000 9S,556 6,026 185,140 70,538 Dividends 25,750 Interest Audited vouchers.. June pay rolls New j construction.. Washlngt n So. Ky. MiscellttDeous 5.549,860 & IND. Sec.) P'unded debt Profit 7,067,778 1903. $ 1904. Bills Total -V. 79, p. 2457. 112,!341 30. Liabilitits— Stock (see RT. 1.875 43.661 4,178,462 30, 1901. Amt. $241,722 114.376 675,000 3,992,853 32,579 7,27.^ $9,5»7.58-( 78, p. 117. Companies atd 16,792 186,051 $38,548,50-' !28,950,979 Deductions— (Concluded) — ret'd to sub'y fund '03. $4,178,452 3,597 207,525 3,1 02,720 BALANCE SHEET JUNE Year. JunfS<l,'Ot $3,474,379 1,679,896 S6,123,149 2,698,551 $7,492,284 — Interest Charges and Surplus. Year. 30, 04. $1 3.484,163 10.(J0a,774 INCOME ACCOUBT FOR 18 MONTHS ENDING JUNE (U. 8. CDBEENCT.) Total Balance, surplus f—Int., Jtentals, etc ^Bal. of Net Eam'gs.—. Current Previous Previous Curi-efU 6 mos. end. 18 mos. end. June $25,064,364 18,911,205 . Passenger 4.703 64,814 10.463 76,889 13,087 209,610 22,095 190,911 35,913 532,355 29,442 154,906 9,617 121,935 14,092 151.047 $ 20,371 1,998 def.7,284 220,375 def.19,250 def.l0,7e4 10.452 8,705 11,643 108,870 96,191 82,011 22,878 27,662 12,940 263,028 383,215 268,327 20,254 9,467 9,188 101,307 56,930 58,599 2,051 12,557 7,566 22,596 112.482 99,339 8,S49 10,915 5,543 77,903 76,210 73,144 street railways 1,586.904 1..509,299 379,208 — Year. ANNUAL REPORTS. Elect. Oo. south Bide Elevated December. 137,623 1,156 Bprlngfl'd A Xenla Tr V7k.Dec.26 Byraonse Rap.Tr.Ry November 70,095 Tamna Electric Co. November 35,571 Terra Hte.Tr.&Lt.Oo November 49,308 Toledo Rys. & Light. November 146,759 19,649 Toledo & Western... November Wk. Jan. 7 44,120 Toronto Railway Twin Otty Rap. Trair3 ithwkDec. 126,086 Un'd Rys.of St. Louis December. 683,722 November 567,673 Oniied of San Fran Wash. Alex. &Mt.V. November 20,134 Yonngs town-Sharon October... 89,109 Jiarii'gs.—, Current 20.371 224.079 10,562 115.569 24,974 270.153 20.337 101.466 1.885 21,819 9,222 104.650 Savannah Eleotrlc. Nov. — ^Bal.o/Kc: Previous Hoads. Nov. etc. Current d 772,646 d 643,152 length next week, shows November 45,635 44,856 495,689 474,630 Soranton Railway... November 70.091 66,978 794,390 757,470 Seattle Eleotrlc Co... November 200,607 178.024 2,112,504 1,903,182 Savannah 159 Lake Sh. Elect 40,252 36,346 563,073 566,670 18,220 16,348 155,600 145,603 25,787 34,366 303,043 287,715 13.646 13,790 150,754 146306 7,163 7,601 91,987 83.900 187,0:i5 186,911 2,082,164 2,059,036 2.'i7,816 374,040 2,917,762 2,766,830 36,524 33,56« 423,711 390,316 204,554 189,561 2,305,226 2,087,304 November December. Current V2. 238,949 46.819 October... October... November November Lai-o' Da'c Year. 9 November 373,977 November 54,336 Lehigh Val. Trao. Oo Street Ry. Dep Eleotrlo Light Dep. Lexington Ry...... .. London St. Ry.(Oan.) Mad. <WlB.) Traction Met West Side Elev.. Mll.Elec Ry.<feLt.Oo Mtinole Hartford Sarningg, our'ni Year. Week orMo Kansas City By.& lit. Lake Shore Eleo. Ry . , 768,330 187,815 l-,023 to 713.85M .7.08-,778 6,649.8tO 106,060 45 payable and Total . loss f50,. THE CHRONICLE, l()0 Boston EleTated Kailwi^y. (Report for Fiscal Year Ending Sept. SO, 1904 ) President William A. Ba,ncrof says ia substance: fc — Tiie inoreaBB In the total number of revenue passengere for tbe eatlre system was about 3ifl p. o., aa against an Increase 01 5 p. 0. for the previous year. The number of free trausfer passengers for the year was about 139,000,00a. This Is more than r>7 p o. of the revenue passengers, which numbered 241,681,945. This Is an inorfasa of 7 p. c. tor free transfer passeugers, as against an increase of 31^ p. c. for revenue papsengers Wages —The revision of wages, the character of which was set forth In the last report, Increased the pay-roll during the year $173,986. Extensions.— During the year It was dotermln**d to extend the elevated structure from the present terminus on Washington SC.near Guild St., to Forest Hills. Working plans for the extension are being prepared, and steel to the amount of 9,000 tons has alrealy been purchased for the strucure. (V. 80, p. 116.) A lease of th« Ease Boston tunnel and the collection of the one ceist toll, which under the provisions of law passes to the Olty of Boston, have baen atfreed upon. The lease was executed on Deo. 24 and the tunnel opened for traffic on Deo. 30, 1904. (V. 80, p. 116.) The work upon the tunnel for elevated trains under Washiugton St. has been begun. Tae extension of the surface tracks amounted to 1-918 miles. W<i have added to our equipment during the vear 61 surface cars and 24 elevated cars. Elevated Lines. —The operation of the elevated lines was continued with good snceese. As against a Sig p. o. Increase in total revenue passengers, the receipts at main line elevated stations, exclusive of subway, increased 9*1 p o., and at Atlantic Avenue el^^vated sta tl^^na 17 p. c. The receipts at subway stations for elevated service alone Increased 7-2 p. o. PA88BNGEK8 Opbbation of Cebtain Tracks of Old Colony Bt.— Under St. the provisions of the lease of ct^rtaln tracks of the O d Colony Street By. Co. in the southern part of Boston there has been paid to that company the sum of $26,481 for the fleoal year's rental, and there has been expended in imi*rovements and additions to said tracks the Bum of $300,503, for which expsnditare, under the provisions of the lease, this company is to be reimbursed by the Old Colony street Ry. Co.. and upon whteh the company is to pay a rental of 4 p. o. MUMBEB or Shareholders.— The stockholders of record Got. 1, 1904, numbered 2,922, hoidini^ 133,000 shares of stock. Of these, 2,5 10, holding 109,453 shares (83 p. o.), are in Massaohasetts. E-4rning3, expenses, charges, eto., for four Stofwitcs years were as follows: 1900-01. 1901-02. 1903 01. 1902 03. Bevenue miles run. 48,520,452 47,688,487 45,999,999 43,82^,879 Bar. pass. oarrled..24 1,681,945 233,563,578 222,484,811 213,703,983 — Gross earnings 12,391,353 11,959,515 11,321,030 Optral expensei— General 887,857 655,393 780,038 Maintenance— Boad & buildings Equipment ; Transportation Total OP. exp... Net earnings Other income 698.046 829,491 846,542 6,067,663 791,190 822,190 6,916,422 982,230 871,480 5,353,469 877,516 709,335 5,051,700 8,631,553 3,769,800 45,241 8,269.860 3,699,654 59,857 7,862,572 3,458,459 [3,456,336 7,336,'97 76,503 expectation of better results during the earning year In view, how ever, of the whole present situation your trustt-es believe that the earnings of yoar propertiss do not at prewent warrant the continuation of the payment of dividends at the present rate, and that the dividend shoula be reduced to ,$4 per share per annum. Capitalization. Etc.. OF Contholled Company -The capital stock of thn Woroester Consolidated Street Ry. Co.. which is the principal asset of this company, is $3,,'i50.C00. The fundea debt of the Ratlway Company amouuis to $1,060,000 and the fl latlng debt to $1.4 )3.703, all of which ha,N been Incurred In construction and reconstruction of the railway and in additions to Its property. The nn'unded deot has been inoreaeed the past year $47,9K8 on account ot payments made for the construction of the new carhoase at the corner of Mdl i St. and Market St., In Worcester, for land and opiionsjon rights of way, for State highw-iy expense, and cost of additional track construction. The Railroad Commission has authorized a further icsae of $7U5,000 ot capital siook, from which *922,200 can be realiZBd when It is ISf'Ued, and being applied to the payment of the debt of the company. will very materially reduce it. It is expected later to oapltallz j the balance oy the Issue of additional stock or bonds. Investments.— No change has b^en made in the Investments daring the year. The securities now held are: 35,490 shares of the capital stock of the Worcester Consolidated Street Railway Co. 6,500 shares of the capital stock of the Electric Manufaoturlne Co. 1,000 shares of the capital stock of the Q ilnsigamond Park Co. 28 shares of the capital stock of the Worcester & Shrewsbury BR. Co. $14,700 par value of notes of the Leominster Bub way rent (net). West End rental.... Boston Ele. taxes.. 3,805,041 3,769,511 xl 97.206 197,992 2,319,406 415,258 2,869,861 408,210 Bilscellaneous Total.. Balance... Dividends. 2,975,267 829.774 (8) 798,000 2.932,556 826,955 (6)798,000 31,774 28.955 Surplus. 3,532,899 3,458,459 198,993 1 2,292,677 2.896,360 343,763 f ^2:^27 J 2,S36,S60 2,896,360 636,539 621,899 (6)600.000 (5%)57o,000 X After deducting $19,748 collected from the 1904 1903 Balance, January l....$16i,73i $151,781 Gross Income 315,133 33:*.12« 61,539 21,899 Host. and acconnts 4,019,132 ^ 736,724 866.983 Bonds 500.0C0 600,000 6«2,US 1,045.011 West En accts Miacellan'g stocks 978.8i0 I,fll3,8i7 and bonds BomervlUe Horse 208,010 208,011 Dlies -I . . . Kailroad Old Colony St. Ry. & Northern By. 1904. Notes payable 102,851 Total ....20,428,860 20,358,069 .... Salaries Jk wages.. Div. and coupons. Kentals unpaid... do dot due.. 131,329 82,852 124,051 33;j,H74 33:i,»^74 i42,849 Int.&taxesnotdue 1,022,070 Tictets.checks.&c 25,037 West Knd accts... 1.20r,202 DimaKe fund 102,851 300,609 1903. lAabilities— t $ Common stock ...13,300,009 13,30 ).000 Vouchers & accts. 288,530 293,785 . 59><,01« . Insurance fund .. Depreciaiion fund Prem'm from 381,740 eoj.oou Total. .39,035 13 ',825 1,018,003 2».40S 1.90, 374 598,016 360, 00 600,000 sale of capital stock. i,«i5,ono 514,461 Surplus —V. 2,327,°88 .20,423,830 20,35^0i8 8x:3.641 ...$149,67S$162,73J H MoBongahela River Consolidated Goal & Coke Co. fStatement for Fiscal Year Ending Oct. SI, 1904 ) President Francis L. Robbins says : We have passed through a year of trying and unu9uall,7 severe conditions. Floods and toe gorges, followed by six months of low water, aooideutslnoMent to marioe transportation, which no care or precaution can prevent, have been bunched the pant yeitr. mi,king it at times impossible to operate the mines or to transport the oal when loaded, and have resulted In unnsual loss of life and property. These conditions coming In a year of ialustrlal depression have resulted in catting down ihe company's revenues and inoreastng its expenses. Your proparty is in better physioal condition than ever before. The same conservative bookkeeping that has existed In the pist has been maintained, and the financial condition ot the company ii sound and The amount of coal mined and the earnings, expenses aud balance sheet follow: earnings. BTO., fob YBABB BNDINO OCT. 81. 1903. 1902. 1904. 109,435,394 193.221,674 165.146.319 do. z 1,158,644 7,342,424 6.275.579 Earnings $1,727,767 »3.713,370 92,653.809 Leos— Main. & repairs on rlv.craft $397,131 $80'?,347 94-i4,731 Dapreola'noa river craft, etc.. x 308,871 329,110 287,156 2i3 1,174 507,523 433.126 R lyalty on coal mined Interest on bonds, etc 649,163 568.740 585,825 yl54,000 (7)699.650 (7)700,000 Dividend on pref. stock Coal mined (bushels) (tons). $1,' Net balance for year 9, 1901, yoar trustees have received as income *1, 107,089, and have paid in oivliends $.^^3,M52, The expenses have amounted to $13,475. 1, 1905, was $149,762. the gross Income fcom all sources has been $315,138 against $339,129 for the year which eod^d D,ic. 31, 1903, a decrease of $23,991. It has been possible to maintain th9 same rate of dividends uuon the nliart^s of benefiolal Interest during the year, the trostees having paid $4 .':>0 per share, or $32i,54l. There are l'<sued and outstanding 71.898 shires, thq same nnmber aa shown by our previous report, no Increitst) having been made during the year. The general policy of thu Trustees has been to ke«j> the proi erties in tbe best condition poet^tble. and to make such improvements as the bn^inesH warranted. Operations ok Controlled Company.— The gross earnings of the Woroesier OonSdllrtaTert 8 rrei Riillw^y Co. for the year ending Snpt. 30, 1901, were *13i2,584 agalnit $..330.9iL» for thti year which ended Soi>t. 30, 1903, showing an increase of $H,«6e>, bar, owing fi extraordinary ^xpensna. due ohuily to thf* fact that the winter of ly03-4 was f hfl DDOMt severe that hitH been expi^rienoed In thin part of the county eiace eiectrlcuy h*w been usid for tianeportaMon purposes, the net earnings for tha ywar showed a d-creasa of $3ittl4. The trafllo durlnvT the snmnier months was was not so good as was -tnt'olpated, owing to the unn»ually cool weather and t(^ the largn number of people unemployed. It was estlmjjted at one time during the sunjmer that in tbeolty of Woroeiiter there alone were soma iS.OOO persons out of em ploy men Reduction in Dividend Rate Advisable.— Your trustees ballevw that th<j sltnailon Is Improving aud the business outlook J istltles the hand Jan. The pact year tr. 9766 $2,791,798 9921,572 $4,473,762 9180,037 X $133,749 used for relemptlon of bonds and $142,425 reinvested and other t>ropertr. yThe dividend of l'51.p. c declared this w.iek calls for $154,000, lestvlng a balance from the operations of the year ending Oot. 3lr 19'i4, of $7'J6. z The Ohio Valley Coal & Mining Oj. also mined 86,212 tons, the (Jorona Goal & Iron C^ 421,522 tons. BALANCE SHEET OCT. 31. 1904. $ AsaeXt— Cash Accts. 4 bill.s rec. Coal on hand .... Suuplies on hand Office furoiture.. Stocks o her corp's Inveetments Worcester Railways & luvestmeut Co. (Report for Fiscal Year Ending Dec. SI, 1904, President A. G Ballock for the trustees aays: General Results.— Blnoe the organization of this company on July 27,001 in coal lands 290,417 2,950, »09 1,971,5-8 ^83,819 15,870 • 80, p. 116. Ttie balance on Balance SEPT. 30. 1903. 2,059.457 receivable deposited with State Materials and sup- 19 '3. $4,637 190*. •4.657 Div. ($4 50 per share). 823,641 Owing to temporary absence, T. Jefferson Coolidge Jr. resigned as trustee during the year, and Francis R. irt of Mtiton was elected to serve until the annual meeting, at whieh time it will be necessary to elect a trustee to serve for the unexpired term.— V. 80, p. 118. T)tal 1904. Atstts— I $ Construc'n, equip14.si6,321 12,012.934 ment, etc Bills Clinton Street Rail- Bxpenaes $477,870 $190,910 I BALANCE SHEET BOSTON ELEVATED BT. Cash <Sc way Co. $103,691 of demand notes of the Electric Manufaotorlng Co. A comparison of tbe inoome, expense and dividend payments for the Tears 1903 and 1934 is as follows: healthy. Total income... Deduct — ' 10,792,998 [Vol. lxxx. 1903. $ 814,522 3,'116,104 2,08 1,944 712, H40 22 ,559 14,';-84 422,050 a9,-.0i,83I 38,705,il6 1904. Liabilities— $ Preferred stock. ..lO.OOi.OOO 1908. S 9,995,000 Common stock.... 20, 00.0 lO 19,W95,oO 9,25i>,000 Bonds.. 9,360.000 lO ',"80 Bonds of sub. cos. Certif. of Indebt. .. 1,8 0,0 2,060,000 Current debts. .. 2,ldJ,7H6 2,50 ,391 Undivided proQls. 1,768,609 l,H53,6e9 45,942,074 45,866,059 Total and Total 46,91i?,074 43,866,058 Note.— The company's proportion, 92 par cent of the resources and liabilities of the Corona Coal & Iron Co., are included ia the report for laOl.— V. 79, p. 216. Pope Mannfactariug Company. Ending July 31, 1904. J Secretary Paul Walton confirms as substantially correct CResults for Fiscal Year the following statement obtaioed by ttie "Boston News Bu-eau" from a director of Jihe Pope Miaufacturing Cs. reyarding the balance sheet and profit aod loss accounts for the year ending July 31, 1904, which w^re published in the Chronicle last week, page 115: We are very well pleased with the result of oar last year's b^8lneBa. The company has a surplm of qmott assoCs over liabllliirts of $ i.OJO,000. As there is only $2,500,0^.1 or ttrst preferred stock Issued which represents the money paid In at tha timo ot llie reorg.inlzatlou, the qul(^k ae-ets not oniy rupreseat 100 cents on the dollar fir the first Tha amlitors, Jones, ^.^efe^^ed stock, but itiSOCOOO In addition »!k, have marked down ail the flx-id ansets to a C.<. of New Caesar very low valuation, yt^t thhlr H^'ures show real estate and plants amounting 'o $i,7( 0,000, which, with the $600,000 ab;(ve mnniloned. gives an aotaal cash valuation to the seooud preferr-^d stick of ovar $50 per Hhare. JiUd good will, p:*CMnt8, liosnsea, trskde-m^rks, etc., rei>re8ent the balaioe. Too year just endid was the flrst year of the new company, aud a great deal otiimeand money wai spsnt in reaij^isftnic atid orguiniz & Y ^^'p'.a(-lng biovcie machinery with a itomoblle maThe mon, gra'ifylog feature of the report Is that tlie automobile bnsinei's Hhowed a handsome prottc. Tn^^ bloycle business Is only susoeptlble of a fixed amjuuD of sales rdgard:e48 of the ing the buslnehs, chliiPiry, etc. : ; THE CHRONICLE. Jan. 14, 1905.] amount of DC oney spent In advertlsln)?, and this department has now been 80 orgaulzftd that only euoh plant capacity will be devoted to that department as la neiessary to sapply the natural demand for bloyolee, and that department this year should show a fair munutaoturIjp profit. of btcyolea sold last year was about 80,000. The number of automobiles sold was about SOO Pope Hartford and Pope Tribunes, 569 Pope-Toledoes and Si^S Waverly electrlca. A grt-at many more Toleoo oars could have been sold, but plans had oilglnally been made to make 500, and by putting on a night force 569 The number were finally finished. The foilowin< statement of Deo. 1 shows an interesting comparison for the business of four months of this year, Aug. 1 to Deo. l 1904. 1903. 4, months ending Dec 1— 16,0(0 12,000 22,000 14,000 149 90 Oaeollne automobiles pold ard delivered Unfilled orders on Deo. 1 501 3 115 Electric automobiles sold and delivered 56 19 Unfilled ordei 8 on Deo. 1 38 The Toledo factory reports orders received for 172 more cars dnricg D<'ce»"ber, making total orders received for the five months of 7C6 Pope-Toledo automobiles, This year, double the last year's product of Pope-Toledo automobiles has been put in the factory, viz., 1,000 cars, against 5C0 last year, and it is believed that after the New Yorb and Boston automobile shows the entire product for the year will be sold. Compare V. 80, p. 115. Bicycles sold Unfilled orders on Deo 1 The H. B. Company. Claflln C Report for Half-Year and Year Ending Dec SI, 1904. J President John Clfcflin says: " In spite of uncommon difficulties in the cotton goods situation, tbe aggregate condition of trade improved gradually from the beginning to the end of the season." The following, compiled for the Chronicle, compares the results of the half-year's business and also the results for the calendar years: 6 months to Hec. INCOHE ACCOUNT HALF-TEAB ENDINO DEO. SI. ^Interest and dividends—^ Net 3i— earnings. Pre/, stock, $a2o,y37 315.852 312,185 347,457 302,045 640.819 285.^97 301,339 1904 1903 1902 1901 1900 1899 1898 1897 Tear- 1904 1903 1908 1901 1900 1899 1898 1897 $142,126 142,126 142.128 142,126 142,126 142,126 142,125 142,125 surplus. $^.5,647 153,164 20,f)6S 1.53.164 16,895 52,167 6,765 345,529 28,299 44,341 (4) (4) (4) (4) (4) (3) (3) 153,164 153,164 153,164 114,873 114,873 INCOHE ACCOUNT TEAR ENDING DEO. 31. $284.2.52 $831, 6»7 (8) $3f 6,328 2P4,252 619,847 (8) 306 328 629.S63 284,253 306.328 (8) 650,5.55 306,328 284,252 (8) 914354 284,252 (8) 306,388 (7ifl)287,1.52 1,247,851 284,252 52e,545 284,252 229,746 (6) 229,7i6 510.944 284.252 (6) BALANCE SHEET DEC. 31. 1(104. A ssets— $ LiabiHties— l,325,«-6 171, «;« I'll, 332 Open accounts... Bills receivable... 2,075,091 2,311,611 Foreign exchange, Open accounts ] J,41>',577 f,^' 04, 162 Merchandise Store property.... Stable Horses, trucks, &c. Total ,,n28,3fl4 6,377,.i^38 2,7 3«, 182 27,197 27,423 27,197 27,422 ..14,425,102 14,5C8,¥22 $41,117 29,2fi9 38,983 59 975 323,774 676,147 Capital $ S 9,000,^00 ?,566,276 P,000,noo 3,613,766 262,895 S?7,843 1,240,<61 320,037 315,862 fall Total.. & Compaay. my bservatlon of published reports goes, prollts being lees than 2 p. o. on total sales, and Justifies our contention ihat we have given our services in handling the live stock and delivery of (he product at below the minimum charge of manufaotnrers in other lines, and deserve well of the public whom we serve. Oar prospects as far as i are brit^ht. Since onr last annual meeting we have Issued the 100,000 shares (*1 ,000,000) of new stock then authorized, a portion of which wae sec aside and taken by those directly connected with our operations. President Louis F. Swift said in part: The reports In circulation about the 'Beef Trust" are without foundation. There is absolutely no conspiracy or combination to control k ither the purchase of live stock or the sale of meats or packinghouse products; on the other hand, the packing Indaacry is subject to the severest kind of competition both in buying and selling, and the percent of prutlt on sales In the packing house industry is less than In any olher Una of business. The shipment of products during 1904 averaged over 350 carloacs for each working day. The total number of persons employed in all packing plants and branch houses aggregates over 25,000 persons. During the year over 8,35O,CO0 head of live stock were slaughtered, BALANCE SHEET DEC. 81. 1904. Assets— $ Real estate, etc 14,699,987 Unexpired insurance Hordes, wagons and harness 106,449 Investments, Including branches.... 7,652,519 Qaick asEets— 7,889,998 Su dry stocks and bonds Cash 2,485,963 Accounts receivable 16,290,990 Live cattle, sheep, hogs, dressed beef, etc , onhand 15,531,189 Total assfts Liabilities 1903. 1902. $ $ 14,112,509 13,718.995 107,319 120,912 113,807 6,361,707 5,311,089 2,694,172 2,166,855 1.725,220 1,659,596 13,871,392 14,24S,631 15,314,163 12,691,569 64,657,096 54,200,074 50,012,861 — 35,000,000 25,000,000 25,000,000 6,000,000 5,000,000 6,000,000 62,500 62,500 62,500 13,334,661 14,39',938 12,538,907 2,476.996 2,679,705 1,841,783 is23,664 5^8.926 637,932 8,246,005 6,496,005 5,246,006 Capital stock paid In,. Bonds Bond Interest accrued payable Accounts payable Taxes Surplus Bills 64,657,096 54,200,074 50,012,861 of beef in Total liabilities An advertisement says: "Swift & Co.'s sales New York City for week ending Jan, 7 averaged per pound."—V. 6 '61 cents 79, p. 969. GENERAL INVESTMENT NEWS. 1903. Surulus reserve... 1,276, ",9t Proflis during the etc Si/rift C Report for Year Ending Dec, 31, 1904. J Treasurer Laurence A. Carton is quoted aa saying: The Burplus han been increased $1,750,000, besides raying 7 p. o. In quarterly dividends npon the capital. This is a less percent upon our sales of approximately $200,000,000 than is shown by any other large, eucoesstui industrial company which pays an faual dividend, 12,.547 def.3,055 190t, 1903. $ 2,1«?,P39 Cash Dividends —V. 79, Balance, Com. stock. (4) $153,164 161 ,14,425,802 14,C08,222 p. 214. RAILROADS. INCLUDING STREET ROADS. Atlantic Coast Line RR.— Listed.— The New York Ex"hange has authotiKed (he listing Stock on Jan. 30 of $7,330,000 additional common stock, issued as 20 p. c. dividend payable that day, making the total listed |42, 980,000. Exchange of Bonds. The con'pany gives notice by advertisement in another column that holders of the following underlying bonds will be permitted until May 1, 1905, to exfbange them at par at the United States Trust Co., New York, for the first consol. mortgage 4 p. c. bonds maturing July 1, 19.'>3, the difference in interest being adjusted at time of exchange, viz : Wilmington & Weldon KR. General Atlantic Coast Line of South Carolina — YJrginia-Carolina Chemical Co. C Statement fcr Half-Year Endir.g Dec. 15, 1904 J "As purchases of materials and operations of placts have to continue the whole year in order to macufacture the full tonnage of the compacy, although about 80 per cent of the General Morttrasre 4r, 1948. Ipt mortgage 4<i, Iv-SS. tonnage of the Virginia-Carolina Chemical Co. and a large Brunwick & Western 1st .M. 4s. 1938. YadBln Division let mort. 49, t94.3. proportion of that of the Southern Cotton Oil Co. are sold WilminK.A Newborn RR.l8tM.ls,1947. Silver Springs Ocala & Gulf is, 1918. during the last six fiscal months, no figures as to profits oan — V, 7», p. 2200, 2209. Atlaiitic & Lake Snperior Raibray.— P/an of Reorganizabe made until the end of the fiscal year." The operations, however, for the quarter ending Sept. 15 and the half-year tion.— Th\^ company, which operates 130 milf^s of road, including a line from Metapedia, Qae., to Paspediac, and ending Dec. 15 as per balance sheet were: 6 months 3 months which has had under construction aoout 100 miles of addiOperations in IQa— end. Dec 15, end. Stpt.15. tional line, has filed substantially the following plan of reInventory at beginning of period $7,l47,77« organization in the Exchequer Court of Canada, under Sec$7,147,778 Parohaees during period 9,880,628 1,361,282 $8,509,080 Operating and general expenses $17,028,406 5,002,287 Total Bales and mlBoellaneous income $22,030,693 9,884.499 $10,393,002 2,440,406 $12,646,194 $7,952,586 Total Balance as perbalance sheet below J,883,tf42 CONSOLIDATED BALANCE SHEET SEPT. 15 AND DEC. 15, 1904, INCLUD INQ 80UTHEBN COITON OIL CO., AUG. 31 AND NOV. 30, 1904. Dec. ]5, 19U4. Assets— Sept. 16, 1904. $ Plants, brands and Kood-will.. .?9,770.e85 39,625,0 3 Other investm ts. 2,672,800 v,609,a9a Inventory, less expenses, sates and miscel. inci me 12,f 46,194 7,952,696 Bills and acets. receivable, Kss discounts & rest rvex< ,937,726 Investmenia Cash Total 8,9?R,363 1H:^, 136 18:i,9l2 2,000,774 62,918,9!S8 15, 61,353,90 Sei^t. 15, lw(!4. 1904, Liabilities— t « Stock, common. ..2',«84,'00 37,984,400 stock, preferred.. 18,0110,0 18,00 ,00.) Coll. trust bonds . «,500,lOO 6,5UO,t00 Subsidiary stocks aid bonds ... Accounts paj able. 160,160 ft77,ii«4 160,150 1,25H,703 257 Bills 4,43:i Surplus 0,4 17 ?,8i',,033 payable > 6,73 .663 67,7(8 Accrued interest.. 2,708,747 X Dei-.. z2,497,033 1 Id Railway Act of 1903: Owing to certain d'ffioulties caused by the repudiation by the Government of Canada in 1895 of a certain agreement for the guaranty of Interest on the bonds (in connection with which a suit Is now pending before this Onnrt) the company was nnade to carry -nit Its agreements In fall with the different [oonstltuem] companies and other crfidltors. Since 1><95 the company has expended large sums in extending its Hue and in repairs and improvement?. In doing this It has incurred considerable liabilities, which it Is now unable to meet. Owing to prior Hens on purchased properties not having been removed by the vendors, the company is unable to secure a cl^ar title to the oroperties npon whioh to make a new issue of bonds with which The company has not pold any bonds, all llablltles cnuld be satisfied. bet has pledged bonds for advances. It has no bondholders whose cons^'nt as 8uch Is required. The shareholders are almost unanimous in their approval of the proposed scht^me of arrangement, and it Is expected that the creditors will also approve of it. The labilities In connection with the purchase of other lines are about S5CO,000; to other cr-dltors about *7^0,000. The greater part of these latter liabilities are secured by bonds of the company. « ._ ^ . The dlreotcrs propose to create an issue of $1,500,000 bonds, of $'50.00ii will be which $7.'io,( 00 will be 4 first debentures and p. c. 6 p. c. second debentures, constituting a first and seoond mortKage, repppotlvelv, and to create a fully-paid thare capital of $1,500,000 sha:esof ^tltiOeach. The interest up^^n the said debentures will be' pa\ able jAn. 1 and July 1, and the principal will be payable Jan. 1, The Interest upon) 193<^, or earlier, at the option of the company. the first debentures f-hall be>fln to acsrue July I, 1905, aud thi Inter-/ est on the second debentnrea July 1, I90»i. ,, , The vendors of the different rallwav properties sold to the oompaiy andrefetred to In the Aot 57-58 Vlo orla Chap. 63, will have therltiht to be paid the balance due them as follow-i: 6623 p. c. In first mortgage debentures and 32 ^o p. 0. in second mortgage deben-* m Total 62,918,988 61,353,960 Includes bills receivable, $2,581,414, less bills discounted, 82fl7,4'P: and accounts receivable, §2,82;^,7»»; total, $5,137,726. Deduct reserve, $<!00,' 00; balance, $4,937,726. y VirKinia-G irollna Chom. Co., §314,150; Southern Cotton Oil Co., $5,69.?, 500; other subsdiary cos., $195,0 2. z Surplus as of Jane 6. I90l, $1,457,033. Deduct commission on sale of pref. stock, SSrtOOOO; dividend on pref. stock paid July 16, $2iii,0 0; same paid Oct. 16, $3e0,c0j; balance as above, $2,497,033.-V. 79, p. 195?, 686. 1 tion 285 of the ' THE CHRONICLE. 102 tares and a bonus of 50 p, o. In pald-np shares. The secured creditors win be paid the fall amoant due to them as follows: 50 p. c. In first moitKage debentures, 50 p. c. In second mortgage debentures and a bonus of 50p. c. In paid-up shares, AU the bonds of the company [total isBue £300,000] held as collateral seourltv will be returned and canceled. The unsecured creditors will be paid the full amount of The directors confitheir claims la second mortgage debentures. dently expect that the company will establish a claim for heavy damages In Its action against the Government of Canada, and it la proposed that any sum which may be thus received shall be devot ed to the payment and oancellation of the second mortgage deben*^ares hereby created, pro rata. The shareholders of the campany wll receive one share of the new Issae for each three shares of the existing Isaac. See also V. 79, p. 2793, 2695. Vol. lxxx with a lien on the property of the underlying companies and authorized a new issue for a like amount to be paid out of the earnings of the Union Traction Co. after the opara'^ing expenses and fixed charges have been met, When the Union Traction people have financed the new certificates and paid the receivers $39,000 in cash, the Court will order the issue of $^00,000 of additional new certificates, which will be ahead of the underlying companies' stock, but not ahead of the bonds. Of the new certificates $400,000, it is stated, mnst be financed by the Union Traction Co. for construction and new equipment and $100,000 will be set aside in a separate depreciation fund. No appeal, it is said, will be taken tificates, Brooklyn Heights KU.—To Guarantee Bonds.— Brooklyn Union Elevated 4-5 p. c. bonds and Kings County Elevated from this decision. The interest and rentals due Jan. 1, aggregating $198,237, 4 p. c, bonds will be guaranteed on three days in each month in 1905 by the Brooklyn Heighrs RR. Co. at 183 Montagu:? were paid from current funds, and Judge Grosscup was asked on Dae. 31 to authorize $200,000 receivers' certificates as follows: St., Brooklyn, N. Y., between 9 a, m. and 12 m , Jan, Feb. Mar. Apr. May June —Y. 77, ICth, 7th, 10th, 7th. Sth, 9th. p. July Aug. 31st. 20th, 17th, 28 th. 31 St. 21st. I8ih, 19th, 2ath, 28th. Sept, Oct. 3lBt. Nov. 30th. Deo, 17th. 18th, 18tb, 20tb, 20th, 18th, 7th. Sth, Sth, 10th, 10th, Sth, Slst. 29th, 29th. Slt-t. 29ih. 29th. 2389, Camden & Trenton (Electric) Rv.— Holding Company. Sea New York -Philadelphia Co. below.— V. 79, p. 2084. Central Pacific Ry.— Guaranty, J^rc— The $10,000,000 bonds secured by first mortgage on the Lucin cut-off are entitled "Through Short Line lat mortgage 4 per cent gold bonds." They are dated Ocst. 1, 1904, an 1 mature Oct. 1, 1954, unleEs previously redeemed as an entire issue at compaoy's option at 1073^ and Interest on Oct. 1, 1909, or any semi-annual interest day thereafter. The bonds carry the follow guaranty: For value received, the Southern Pacific Co. unconditionally guarantees to the owner of the within bond the punctual payment of the principal and interest thereof as the same mature, and agrees. Itself, punctually to pay the said principal and Interest it default In the payment thereof be made by the Central Paolflo Railway Co. In witness whereof the said Southern Paolflo Co. haH caused these presents to be signed by Its President, or one of its Vice-Presidents, and its corporate seal to be hereunto alflxed, and to be attested by its Secretary or an Assistant Secretary as of Oct. 1, 1904,— V. 79, p. 2454. Chicago City Rv.— O^er for Sfocfc.— Marshall Field, John J. Mitchell and P. A. Valentine offered on Thursday, with Co., to pay $200 a share (par value J. P. Morgan $100) for a majority of the $18,000,000 stock, if deposited Saviags Bank on or before Feb. 15, with the Illiaois Trust 1905. If a majority accepts, the depositor will receive cash to the amount oamed on or before March 3. This move is preparatory to uniting the passenger railways of Chicago. See Chicago Union Traction Co. below.— V.,79, p. 2794, & & Chicago & Eaetern Illinois RR.— Listed.— The Stock Exchange has listed §2,000,000 additional stock, making the total listed $8,830,700. Of the New York preferred stock (all deposited aerainst trust certificates of the St. Louis & San Francisco RR.— Sse that company below), $865,900 was in the treasury Dec. 22, 1903; the remainder is part of a block of $1,295,400 issued at $10,000 per mile on account of 129 54 miles of railroad constructed since said date, making the company's total mileage 840 '31 miles, of which 23 miles trackage. The 129 54 miles are as follows: new Miles. MilesI Cypress, 111., to Joppa, I11...1607 Mliford.Ill..toFreeland,Ind.lO'84 13-77 Rofisville extension 6'94 Hunt's extension | , 1 Woodland,Ill.,to Villa Grove, 111 Flndley, 111., to Fana, 111 62-18 19-74 1 Earnings —For the 5 months ending Nov.30 earnings were: Gross earnings Operating expenses Net earnings —V. 79, p. 2642. $3,553,118 2,186,452 1,396,666 Taxes Interest, rentals, etc... Balance, sorplus $110,000 749,460 537,206 Indfanap;)li8 & LouiSTille Ry.— Lis^ei.- The Stock Exeiiange has listed $300,000 additional 5 per cent refunding mortgage bonds of 1947, issued for permanent improvements, betterments and equipments, making total listed $4 742,000.— V. 79, p. 1328. Chicago Terminal Transfer RR, Reorganization Com Chicago New York mittee,—A committee consisting of Henry W. De Forest, Chairman, J. Borden Harriman, William Weaver Heaton, John W. Castles. Morth Chicago RR — Old members— Frederick H. Rawson, Charles L. Raymond. New members— Henry A. Blair, Lafayette McWilllams and E. 1). Hulbert. Purchase of Chicago City Ry.—Sze that company below and compare V. 79, p. 2746. B,y.—Ratiiied.~The ClQCliiuati flamiiton & Dayton shareholders on Jan. 12 formally approved the lease of the Pere Marquette RR., the making of a new refunding mortgage for an amount not exceeding $50*000,000, and the other propositions stated in V. 79, p. 2696. The lease, which has yet to be acted upon by the Pere Marquette, will provide for the payment of dividends at the rate of 4 p. c. per annum on its $10,513 200 preferred stock, and at the rate of5 p.o. per annum on its $14,145,000 common stock. The C. H. & D, owns $11,000,000 of the common. Tne lease will probably be for 99 years or longer. Dividends at the rate of 4 p. o. per annum have been paid on $10,512,200 preferred stock the last five years. Co. have purchased Bonds Sold.— J & W, Seligman $9,727,000 of the authorized issue of $25,000,000 4 p, o. refunding bonds, dated July 1, 1904. Of this amount about $l,5C.O,000 was issued for improvements, the remainder on acconnt Under of the purchase of Pere Marquette common stock. the mortgage $15,023,000 bonds are reserved to retire old bonfls; the remaining $250,000 are held in the company's sinking funds. As the refunding bonds of 1904 underlie the refunding mortgage for $50,000,000 just authorized (see preceding paragraph), it is understood that their issue will be limited to the amount now out8tanding,they.thu3 becoming a closed mortgage.— V. 79, p. 2747. Corning (N. Y.) & Painted Post Street Rj.— New Control. —The Powers* Mansfield Co,, 280 River St.. Troy, N. Y., purchased the control of this company from Frank H. Viele meeting Co. of Worcester, Mass , some months ago. was called for Dec. 31 to vote upon increasing the capital stock from $100,000 to $600,000, but the proposed vote was not taken. El Paso Southern RR.— Payment for Stock.—See Rio Pacific RR. below V. 64, p. 611. Grande Sierre Madre Erie & Pittsburgh RR.— New Stock.—The shareholders on Jan. 9 authorized an increase in the capital stock from $3,000,000 to $4,500,000, to be issued to the Pennsylvania RR. from time to time to provide for improvements and additions as required by the 999-year lease. The new stock will be subordinate to the present issue, but like that issue will be guaranteed by the lessee dividends at the rate of 7 p. c. per annum, such dividends to be paid tax free "and withont impairment by reason of such additional issue of the dividend fund ($140,000) already provided for the existing capital & . A & — & stock."-V. 71, p. 135. Erie Rapid Transit Street Ry. Co.— Default.—This comis in default upon its first mort, interest, the first default having occurred Jan. 1, 1904, For^^closure proceedings have not yet been instituted.— V. 77, p. 2389. pany Harry L. Falk, Secretary, Albert E. Goodhart, has been formed at the request of holders of a large amount of both stock and bonds to formulate a plan of the reorganization, It will present such a plan at as early a date as practicable. See V. 80, p. 116. Chicago Union Traction Co.— Settlement of North and West Chicago lAtigatton, New Receivers' Cert^fi -.ates. It was announced on Jan. 9 that the ooposing interests in the North and West Cnicago Street Riilroad companies had been brought together, largely through the instrumentality of Judge Grrcsscnp, in an agreement which is described "as final as far as any default, forfeiture, or misuse of funds is concerned," and which "paves the way for a merger or some agreement with the Chicago City Ry. Co. for a franchiee — to reimburse the treasury. ^Directors of Leased Lines,— On. Jan. 10, under the agreement of the previous day, the following compromise boards were elected for the leased lines: West Chicago RK.— Old members— Frederick H. JRawson, Wallace Heckman, William M. Eisendrath. New members Henry A. Blair, George E. Adams. Lafayette MoWllllams and E. D. Hnibert. — ordinance." In a decision rendered the same day the Judge declared that the Union Traction Co. has not defaulted in its obligations, that there ia no ground for forfeiting the amended leases, and that the receivers have not misused tae funds. On the other hand, he sustained th'i contention of the underlying companies that the Union Traction Co. should pay certain claims, amounting to $433,000, acfiruiog prior to Sept, 1, He accordingly 1903, when the new leases went into effect. lecinded an order for the issue of $383,000 of receivers' cer- Green Bay & Western RR.— Dividend Increaaed.-lhe company has declared an annual dividend of 5 p. c. on its "A" debentures and the stock, being the full amount to which they are entitled. From 1902 to 1904 the rate was 4 p. c. per annum.— V. Golf & Ship Island 78, p. 1270. RR.— Growth of Commerce of Gulf- port, iHws.— Daring the half-jear ending Dec. 31, 1904, the lumber exports from Gulf port. Miss,, amounted to over 116,000,000 feet as compared with 68,OGO,000 feet during the Other exports included 78,000 barlast six months of 1903. rels of rosin and turpentine, in which the export business has been developed entirely in the current year. Imports consisted of 3,000 tons of acid phosphate and about 6,003 tons of iron pyrites.— V. 79, p. 2643. Hadsoa Companies.- flarusy Fisk& Sons Finance Hudson River Tunnels.— Contracts with Pennsylvania RR Etc.— Tbi^ company was incorporated at Albaoy on Jan. 9 uuder a syndicate agreement formulated by Harvey Fiek & Son3, with the obj -ct of completing the tunnel railroads now partly constructed from Hoboken and J-»rsey City to New York City, at or near Christopher St. (New York & Jersey RR ), and of building the proposed tunnel railroads from Church St., between Cortlandtand Falton streets, in New York City , Jan. THE CHRONIGL 11, 1905.] to a point in Jersey City near the Pennsylvania RR. Station (Hodson Manhattan RR.), and of bnilding any extensions or connections thereof, and of providing terminals and equipment therefor. The company has purchased a controlling interest in the stock of the W. G. McAdoo enterprises, via.: the Nev? York Jersey RR, (stock. |8,500,000) and its corstruction company, the Hudson Improvement; Co.* also the Hudson Manhattan RR, (atoctt authorized' $3,000,000) and its construction company, the Knickerbocker Improvement Co. The New York Jersey RR. has an issue of $7,000,000 bonds. The authorized capital stock of the new company is $21 000,000, in shares of |10J each, of which $16,000,00"0 is preferred stock, "entitled, in priority to every other dividend or distribution, to repayment of the amounts paid in thereon with 7 per cent per annum thereon from dates of payment and, in addition, to one- fourth of every other dividend or dis' tribution. but not entitled to vote for five years nor until full-paid." The entire amount of preferred stock has been subscribed for at par, the subscriptions being payable in instalments of not exceeding 25 p. c. each, the first upon allotment and each subsequent instalment upon notice of at least five days. The Hudson Companies will issue no bonds long tf^rm contract has been entered into with the Penn sylvania RR. Co, for the trarsfer of passengers between its Jersey terminals and New York City, either downtown at Cortlandt St. or uptown to Christopher St. and. If pending franchises are ratified, to 33d St. and 6ch Ave. and 4th Ave. and 9th St. The tunnels will be completed two years or so hence and will then form a continuous system ekirtiog the New Jersey shore from the Pennsylvania RR, station in Jersey City, passing under the passenger dep it of the Erie RR. to the Delaware Lackawanna Western RR. station in Hoboken, with two arms stretching to New York one from the Pennsylvania station, in Jersey City, the other from Hoboken. CoDoermog Nrw York Jersey RR see page 1838 of Railway and Industrial Spotloa of October, 1904; for Hudson Manhattan RR, see Chronicle, V. 78 p. 102 and V. 76, p. 1248, 705. & & & & A & & , & Hudson & Manhattan RR.—See Hudson Companies above. Illinois Tunnel Co., Chicago.- Chicago Dock Property Taken Over-Mortgage.— This company has taken title to the property which it contracted to purchase last fall from the Chicago Dock Co. This property is located on Taylor St., at the Northeast corner of Stewart Ave., and is described as being 689 by 389 feet, with a river frontage of 404 feet. On this property were outstanding $685,000 of 4 p. c. bonds of the Chicago Dock Co. which are assumed by the Illinois *°«H?® ^•i; iitle ^'^ • The purchase price is $3,500,000, but $1,585,000 by a mortgage given to the Chicago 'represented 1m Trust & Co. contemporaneously with the delivery of (Compare V. 79, p. 501).— V. 79, p. 2796. Kansas City Southern Ry.— Allied Company's Mortgage.— Arthur Canal & Dock Co. under Industrials below. .r^]^^ the deed. —V. 79, p. 2456, LOD? Island BB.—New President.— Vice President William ^„V°"e^^a8 been elected President to succeed the late William H. Baldwin Jr.-V. 79, p. 2796. LoniSTUle & NashTille S.R.— Increase in Other Income.— '^^"® Chattanooga & St, Louis RR. below.— V. 79, o-,]'^® p. 2748. Mexican Central B-y.—N^w Officer,— W. H. Dudley has been elected Comptroller, with office at 25 Broad St., New York. iifi)orf.-See page 159 of to-day's Chronicle.—V. 80, p. 117. ' NashTille Chattanooga & St Louis Rj.—Increase in Dividend.— The directors on Tuesday increased the semi-annual dividend, which is payable Feb. 1 to holders of record Jan. ^1, from 2 to 2% p. c. Dividends were resumed in 1904 after an interval of five years at the rate of 4 p. c. per annum, now advanced to 5 p. c. The dividend record since 1887 follows: J8P8 1889 to 1892 1893 4^4 5 yearly 3% 1894 1895 to '98 1899 to '03 1904 1905 None 4 Feb. 2J« The Louisville & Nashville RR. Co. on June 30, 1904, ^^'Lo^ ^7'17'^'60O of the $10,000,0C0 capital stock.-V. 79! S^s 4 yearly p. 1637. New Orleans Bailways Co.— Reorganization Matters.— Weorge Danegre of New Orleane, the compauy's general counsel, is quoted as saying: The plan of reorganization la being carefully considered by and fromthestaTidpolntof thHBtookholflere and bondholders In New Orleans, Loulsvlile. Amsterdam and New York, and a representative 01 each of these Interests will be upon the Committee of Reorganization. *^*P'S?^l°P'®**'^"'P''*'^l'^®'^^»ta.8 soon as a sufflolent proportion Of stockholdere and bondho'.derB have assented, means will be provided for advancing to bondholders the amoant of the coupon falTlDg one Jan. 1, 1905, which toe company 18 unable to pay. The plan of reorganization will without doubt be completed within a few days. Attorney- General Ouion Obfecta to Plan.— In a letter dated Dec. 31, 1904, and published in full in the "Dttily Picayune," of New Orleans, Jan. 7, Attorney- General Gulon announces that he cannot assent to the plan of reorganization as pro posed (V. 79, p. 2748), because the "stockholders would be compelled to bear too great a proportion of the burden to be shouldered in putting it into execution." Mr. Gnion makes the following points: not been Informed that the floating debt exceeded »2,e00,#^fJn^ \}^^ ''beolutelynecbssatyThat this debt sboakl S^\.o.H tf'^^l'*'""°i"'' "^\ ^'^^. creditors to whom it is due shoald be made to ^la^ nnaerstand ihat It la Imuoseible to settle with them, except out of . the 163 i^^^^f^^^^^^^^^otthQTeoTK&rxizdi corporation. (2) I do not atrnrft elate the absolute necessity of purchasing the stock of the Gas Co bnr it seems to me that if the bondholders insist the purchase Th« money should b« contributed by those personsupon who undertook ainT,t with the New York Security & Trust Co to un d e?w?ft6 the B'cbemf I am aware thit the position has been taken tha there le no ohii^ft tlon on the part of these undnrwrlters to pay up the rem an In g 25 {fo" of their subscription; but I cannot assent to the proposftfon that they have been released from thalr obligations to sobscribe the monev necessary to acquire this gas stock, should it be decided to ^^« oorporatK^torr^e^l^Ver'treVat^of^Ts'lU^e^^^^^'^^^' . r, purcKu ^^ Compare V. 79, p. 2748.— V. 80, p. 117. New York & Jersey BR.- -See Hudson Companies above. —V. 80, p. 117. New York- Philadelphia Co.—Incorporated— This company was incorporated in New Jersey on Dae. 31 with 14,000,000 authorized capital stock for the purpose, it is supposed, of controlling the Camden Trenton Ry., the & Trenton Brunswick RR. and the New Jersey Short Line (under construction between Metuchen and Elizabeth) forming the so-called New York & Philadelphia Electric Ry. Line The incorporators include A. N. Chandler, of A. N. Chandler & Co., Pniladelphia, H. D. Long and Norman Grey. Compare V. 79, p. 2i)84; also Street Railway Section. North Chicagro Street RE.— Agreement. See Chicago Union Traction Co. above; also page 2793.— V. 79, p. 2797. Ohio RiTer * Western Ry.— Pwrc/jase Not Completed.— The & New — Appleyardg having failed to complete their purch^jse of this property the control has reverted to the original owners including, with others, S. L, W. C. Mooney of Woodsfisld O A press dispatch from Ziuesville states that the Appleyard payments contracted to be made in June and September. 1904, and January, 1905, were not met=— V. 79, p. 2206. & Pauama RR.~Oov£rnment Control- A. press dispatch from Washington, D. C, states that the Uuited States Government now owns about $6,900,000 of the $7,000,000 capital stock, and is endeavoring to buy the minority interest in order to obtain a free hand in reducing rates and using the road for the transportation of men and materials in connection with the construction of the Canal. The dispatch says"If a sale cannot be induced the Government will pay a fair rate of interest to the stockholders."- V. 79, p. 2148, 968. Pennsylvania RE.- Pwrc/iase.- The shareholders will vote 14 on an agreement for the acquisition of the franchisee, corporate property and rights of the Pittsburgh Virginia & Charleston Ry. Co.. whose entire $8,000,000 stock is already owned, and its $6,000,000 4 p. c. bonds guaranteed. ^ew Bonds.— The shareholders will also vote March 14 upon increasing the bonded debt. The officials decline to March state the amount of the proposed increase, but it is expected to be $50,000,000, or possibly more. The Philadelphia ''Ladger" says: "It is said the greater portion of the money derived from the proposed increase will be used to finance some of the Pennsyivania'a large improvements under construction and others to be taken up this year. These include the New York terminals and improvements to lines east of Pittsburgh and Erie, details of which will be given in President Cassatt's annual report." On June 15 and July 1 next there will mature $27,480,000 or 6 p. c. bonds secured by the consolidated mortgage of 1878, Under the terms of the deed of trust the company has the right to refund these by the issue of additional consols at such rate of interest as may be determined. Oa Oct. 1, 1905 also, there will fall due $50,000,000 of Pennsylvania Company \% p. o. collateral betterment notes of 1904, guaranteed by the Pennsylvania RR. Co.— V. 80, p. 118. Pere Marquette RB.—Bond«,—Redmond & Co. are offeiing at 93 and interest, by advertisement on another page, the unsold portion of a block of $6,000,000 refunding mortgage 4 p. c. bonds, dated Jan. 1, 1905, and due Jan. 1, 1955. The principal and interest of these bonds are guarantee! unconditionally by the Cincinnati Hamilton & Dayton Ry. Co. by endorsement in the form below shown. The authorized issue is limited bv the mortgage to $60,000,000, of which the $6,000,000 now offered are ontetanding and the remainder are reserved as follows: To retire prior liens, $46,396,015; for terminals, extensions, docks, equipment and improvements at not exceeding $5CO,000 per annum, $7,603,985. The outstanding bonded debt, including this issue, amounts to about |28,0C0 per mile, including all termimals, equipment, ferry properties, etc. Lease, jB<c.— See Cincinnati Hamilton & Dayton Ry. below, and V. 79, p. 2696. Guaranttes.—The endorsement by the Cincinnati Hamilton & Dayton Railway on the refunding 48 Is as follows: For value received the Cincinnati Hamilton A Dayton Rv. Co. hereby Kuarantees to each and every lawful holder hereof the' payment of the principal of the within bond, together with the Interest thereon as evidenced by the oonpons hereto annexed, at the time and times said principal and Interest, respectively, become due aud payable, acoordin« to the tenor of said bond and said interest coupons, at the places *nd In the manner epeoitted In said bond and Interest coupons. This endorsement Is made by the proper offlkjera of said company lu pursuance of autbority heretofore duly given to them by said company. [Signad, "The Cincinnati Hamilton & Dayton Ballway Company," by President, witnessed by Secretary.] And on the $4,000,000 collateral trast 4 p. c. bonds of 1904, secured by deposit of the entire $t,206,000 stock of the Chicago Cincinnati & Louisville as below: For value received, the Cincinnati Hamilton & Dayton Ry. Co. hereby guarantees puno'ual payment of the principal and Interest cf the within bond at the time and lu the manner therein sneolfled, and also guarantees the performance of all the covenants and obligations RR , THE CHRONICLE. 164 RR. Co. and of the Chicago Cincinnati & LoniaCo contained In the collateral trust Indenture seoarlnjt this bond, and dated July let, 1904. Ii covenants In default of payment or performance of any part thereof by the obligators or either of them to pay the eald principal and interest of the within bond, when the same shall become due, as provided In the -within band acd said collateral trust Indenture, upon the demand of the holder thereof. In witness whereof, the said company has caused Its corporate seal to be heieto afiSxed and attested by Its Secretary and thin Instrument to be signed by Its President or one of Its Vlce-Preeidents this ,190 day of Of these latter bonds. |3,5C0,000 were deliverable at once for the entire stock cf the Ch. Cin. & Lonisv. on the basis of $83*215 bonds for each $100 stock; the remaining $500,000 are applicable to improvements on that road. They are subject to call on or before July 1, 1909, at 105 and interest and thereafter at 102>^ and interest.— V. 79, p. 3797. of the Pere Marquette vllle RB , Pittsburgh Ylrginia & Charleston B,j.—ConacUdation.— See Pennsylvania RR. Co. below.— V, 79, p. 1024. Poblic Service Corporation of New Jersey.— Offering of $t,000 000 Perpetual InUrest-Bearinj Cirtificates of 1903, with Interest Rate Madt 6 Per Ctnt.— The Fidelity Trust Co. and Elsele & King, both of Newark, are offering for sale at 110 and interest $3,000,100 of this company's perpetual interest-bearing certificates of 1903, being part of the issue authorized in connection with the purchase of the shares of the North Jersey Sti eet Ry and other constituent companies, the purchased shares being deposited with the trnsree to secure the issue. Compare page 1547 of Etreet Railway Section for October, 1904. By the terma of these certificates the Poblic Service Corporation agrees to pay interest on a s:raduated scale -2^^ p. c. per annum during the year 1905, and increasing at the rate of p. c. per annum until May, 1912, when and thereafter the rate of interest is to be 6 p. c. The Fidelity Trust Co. endorses upon the interest- bearing certificates now offered its agreement to pay each year up to 1912 an additional amount of interest, thus immediately bringing the aggregate stipulated rate of interest up to 6 p. o. per annum, payable semi-annually. The total authorized is^ue of the perpetual interest bearing certificates is $20,200,000, and the total amount issued and cutstancing at this time is $19,018,370; the remainder can be issued only for the purchase of further shaies of the companies before mentioned. V. 79, p. 2797. . ^ — Rio Grande Sierra Madre & Paciflc RB,.— Payment of Securities,— The Ce-ntral Trust Co. of New York gives notice that under the provisions of a certain agreement dated Oct. 11, 1904, it will on and after Jan. 11, 1905, pay to the holders of its certificates of deposit the following amounts On each $1,000 first mortgage bot:d of the Rio Grande Sierra Madre & Pacific RR. $67 77 and upon each share of El Paso Southern RR. stock $120. The El Paso Southern RR. was organized with $200,000 capital stock to build the El Paso terminals and to bridge the Rio Grande River. Compare V. 79, p. 2643. St. Louis & San Francisco RR.—Listed,— The Nevr York Stock Exchange has Usted $2,020,000 additional preferred : stock trust certificates issued against the depcsi*; of a like sum of preferred stock of tbe Chicago & Eastern Illinois see that company above. Thf Eastern Illinois has issued $8,992,000 preferred, of which $161,300 is in tbe treasury, leaving Of -his last amount §6 211,700 is $8,830,700 outstanding. now owned by the St, L. & S. F., $6,211,700 of trust certificates having been is^ined and listed against tbe same. There is undeposited $2,619,000 preferred, and tbe company has received permission to list an additional $500,000 of trust certificates prior to July 1, 1905, if issued against further deposits to that smount. Earntrgs.— For the 4 months ending Oct. 31 earnings of the Eastern Illinois and leased and system (including Chicago auxiliary companies) were: Qrois. Net(ovtr taxes). Oih. inc. Charges etc, Bal.fordiv. Amoi— — & . ig04...$13,&73.995 $5,231,828 1903... 12.632,-68 4,457,627 —V. 79, p. 2797. $12,137 $3,903,591 ' $1,340,374 Seaboard Air Line Ry.— Consolidation Plan,— In our advertising columns will oe found a plan of consolidation presented by a committee consisting of the following: Thomas F. Ryan (Chairman), T. Jeflerson Coolldge Jr., James A. Blair, C. Sidney Shepard, Ernfet Tbalmann, S. Davles Warfleld, James H. Dooley. N S. Meidrnm, Secretary, 38 Nassau St., N. Y. City. Tbe plan provides for the consolidation of the Atlanta Birmingham Ry. and the Seaboard & Roanoke RR. & compa- nies with the Seaboard Air Line Co. and the creation hy the consolidated cooapany of the following new securities: rirtt preferred .^ per cent etock, preferred both as to principal and olvldecds aud non-onmulatlve for five years from July 1, 1 905. but thereafter cumulative ; redeemable ai option of company after July 1, 1908, and ooEvenlble at option of holder Into second preferret non cumulative stoofe at par $18,000)0(^0 Of which now Issuable 7,tJ;^5,000 Remainder uulssned, available for needs of company, used except to provii'e funds for but no part to be corporate purposes, nor at less than par, nor unless authorize such Issue the directors „... 10,375,000 non-cumulative stock, redeemable at Second pref. option of oomv)arjy at 1 10 percent after three years, provided the tlret preferred etook shall have been recieemeil or converted The amount of tbe second preferred may be lnoreased for the vurpose of the conversion of the flrat preferred. Now authorized, $18,000}000 Of which now Issuable 17,92a, 3^0 Reserved for needs of new company 76,650 i % Common [Vol. lxxx. stock $36,000,000 Of which now issuable 35,446,930 Reverting to treas'y through exchange for stocks held "^ and so pledged to secure Seaboard bonds SSO.COO Unissued 23,070 The present voting trust agreement may be wholly or partly dissolved and a new voting trust created, limited in duration to a period of not exceeding five years, to Trustees selected by the committee and with the right to any stockholder of the new company to deposit his stock under the new voting trust. Seaboard stock will be exchanged as follows: Pays Haeh $100 of existing— , — Heeeives 2d pref. Common. Preferred stock $12 60 $12 50 $75 $12 50 Common stock 12 60 12 £0 .... 87 50 syndicate will be organized to underwrite the above cash payment in consideration of the ass'grment to it of $12 60 of new first preferred stock and $12 50 of new common stock for each share of existing Seaboard Air Line Ry. stock with respect to which it shall be called upon to make any part of such cash payment. The syndicate may provide for the cash requirements of the consolidation. No commission is to be paid to the syndicate or its managers. The cash payments are to be called in five equal instalments at intervals of not less than 30 days. Assenting stock must be deposited with the Morton Trust Co., New York, or its agent, the Continental Trust Co,, Baltimore, not later than Feb, 15.— V. 80, p. 118. cash, Ittpref, A — Southern Paciflc Co.— Guaranteed Bonds. See Central above.—V. 79, p. 2797. Toledo Angola & Western By.— Bonds Offered.—The H. R. Ashbrook Co., Toledo, Ohio, and Tracy & Co,, 40 Wall St., are ( ffering at par and interest $175,000 1st mortgage 5 p. c. Pacific Ry. gold bonds. Total authorized issue, $3G0 000; denomination, $1,000; dated Sept. 1, 1902; due Sept. 1. 1932, but redeemable at any interest period after Sept. 1, 1907, at par, interest and 2}4 per cent premium upon six months' notice. Interest payable March and September at the Ohio Savings B'lnk Trust Co. , trustee, Toledo, Ohio. An advertisement says : The Toledo Ry. & Terminal Co. has recently acquired the entire stock of the Toledo Acg.jla & Western rtallway.lt being their largest feeder. On an average sixty oars dally are delivered to terminal. Twelve out of fourteen roads entering loledo pro i ate with the Angola & Toledo Railway & Terminal Co.— See Toledo Angola Western Ry. Co. above.— V. 79, p. 2087. & & Bond Offering.— Ghae. D. Barney Co , Philadelphia, are offering for sale $475,000 of this company's outstanding issue of $500,000 first mortgage 6 p. c. gold bonds of $1,000 each, dated July 1, 1904, and due July 1, 11^19, but redeemable at any interest period at 1023^ and interest. The bonds are unconditionally guaranteed as to both principal and interest by the Tonopah Mining Co. of Nevada, the securities of which at the present time have a market value of over $10,000,000. The total amount issuable under the mortgage is $750,000, but the remaining $250,000 can be issued only to acquire additional property. The road, which extends from Raodea, Nev., on Carson & Colorado RR., to Tonopah, Nev., 60 miles, will be mai^e standard- gauge as Eoon as possible. Ttie railroad's earnings for the first five mouths' operation, July to November, 1904, inclusive, were: Gross, $208,509; operating expenses, $104,388; net earnings, $104 120; proportion fixed charges and taxes, $14,734; surplus, $89,385. Referring to the circular recently eent out by the Tonopah Mlolng Co. calling a meeting of the stookholdt^rs on Jan. 25 for the purpose of voting on the question of retiring the $300.00(i preferred stock of that oomoany, the Arm offers to said preferred stockholders thw opportunity to exchange their preferred stock in one thons<ind share lots for Tonopah RR. Co flrst mortgage 6 p. o. bonds at par. Interest to be a<')astod to date of settlement. Compare V. 78, p. 1550. Tonopah RR. New York and Toronto & York Radia,! Ry.— Guaranteed Bonds.— The $800,000 5 p. o. first mortgage gold bonds, guaranteed principal and interest by the Toronto Ry. Co,, of which $250,000 were offered at 10266 and interest by Dominion Securities Corporation of Toronto and Montreal, are also secured by a first mortgage at $20,000 per mile on all the lines ani properties York Radial Ry. Co., comprising: of the Toronto Metropolitan Ry., 30 miles; Toronto & Soarboro Ry., Light & Power Co, 4»« miles; Toronto & MlmKo Electric Ry, 5*8 miles; total. 40 miles. Total net earulugs of said lines for 190 J. $4 /.1 20, or more than suQlolent to meet the Interest on all the company's bonds ourstandlog. Under one management it is estimated that they will show an Increase in net earulugs. The franchises in 1904 of from 25 p c. to 60 p. mature as foUowp; Metropolitan R(?.,Peb. 3, 1^29; Toronto & Scarboro Ry., Nov. 16, 1912; Toronto & Mlmioo Ry.. various. Nov. 22, 1912, to May 1, 1929. Provision is made for a renewal of the franchises on terms to be agreed upon by arbitration if not otherwise.— V. & 79, p. 1463. Trenton & New Branswiok (Electric) RR.— Holding Company.— See New York-Philadelphia Cij. above.— V. 79, p. 2087. WBbnsh-PiltHbargh Terminal Ry.— P/o.«ppc;s.— Clark, Dodge & Co.. when recently offering at 90 and later at 913^ a mortgage 4 p, c. fifty-year gold bonds, said: the road will share with the Pennsylvania and Vanderblit systems the enormous tn IBo of the Pittsburgh district. The total cost to date of the property under this mortgage Is $32,200,Interest charge on $^5,0i;0,ooo first 000. Estimate of earnings: mortgage 4h, .$1,400,000; operating at 70 p. o. grosH earnings required would be $i,700 OtO A r»lr average grows revenue per ton is 88 cents, which would require about 5,340,0(0 tonnage, or less than 6 The comp. c. of the 9?,0()0,000 ions of Pittsburgh trrifflo 1 ant year. pany is assured an annual tounage from the cuaI wlues of 4,000,000 tons; from the Carnegie Company under 20 year contract 2,000.000 tons (ostlmateit). The revenue from passen^jer trollio has buen conservatively estimated at about $750,00y a year, and will probably be much more. The revenue from these sources alone Is in excess of block of the first When completed Jan. THE CHRONICLE. 14. 1905.! charges. Iq consideration o! the other present sources of revenue, and those aoqiired by the additional expenditure of $10,000 000 It would eeem that the Interest of these bonds Is fully secured.— V 79 ' p. 1267. 1024. — West Chicago Street RR.—Aoreement. See Chicago Uuion Traction Co, above; also p. 2793 —V. 79, p. 27^7. Worcester & Sonthhridge Street Rx.- Consolidation.— Tbis company, controlJed by the New York New Haven & Hartford RR, Co., has been authorized by the Massachusetts Railroad Commiseioi) to issue $100,000 additional capital stock, in order to merge with Itself, through exchange of stock, share for share, its subsidiary lines, v!z The South: & bridge Stnrbridge and Worcester Rochdale Djpot street railway companies.— V. 78, p. 2013 ZanesTllIe (Ohio) Ry. Light Bonds.— The shareholders & Charlton competitors against the company no law does or should submit to the stockholders. wUh al! deference that, recent call for T experience shows that nothing 18 so harmful to investors as reports which an appearance of fullness but which for all practical purposeshave arl essentially mlsleadm? I have thought It saltable to say this because of criticisms which have from time to time been ulade much reason that the distinction which I have claimed has an4 for now rel^? ceived offlolal recognition. New Director.— GmrgQ H, Frazier of Philadelphia, a member of the firm of Brown Bros. & Co., has been elected to the board in place of Lowell M. Palmar, who retired. Competition —Willett & Gray's "Sugar Trade Journal" of this city on Jan, 5 gave the following estimate of the amount of refined sugar consumed ia the Uuited Scates during each of the last & Power Co.— New Stock and will vote Jan. 17 on a proposition to increase the capital stock from $1,350,000 (of which f300 000 Is preferred) to $1,500,000, of which part is preferred; also to mafee a refunding mortgage for 51,500,000, O the new bonds, |1, 000,000 will be reserved to retire at or before maturity the existing bonded debt.—V, 77, p. 1395. 165 two years: COKSDMPTION OF BBFINED SUOAB. -Calendar year. " Produced bv1904. l9oT Anier. Sugar R«flningCo.l,5'3,244 tons 1,369,«50 tons Indep en lent refiners 92»,143 tons 856,551 tons Beet sugar factories 169,835 tons 247.563 tons Purelgn refiners 6,838 tons 5,457 tone Total consumed American Cement iio.—Report.— The ist compare as follows: results for years p Fiscal Net of Vear- oper. cos. Int., etc., Int., etc., DMiiends 9X00 principal of existing- ($25.0uO,ouo auth.) Preferred stook ($15,000,000 auth.) three m *'%^ond^ JtJck 35-19 6-48 26 34-56 9-98 0-82 2,623.060 tons 2,479,421 tons lOO-OO 100-00 R.^finicg Co., included with the Inde- refiners, produced about 309,000 tons in 1904, against '^*'"'"' ' 306,000 tons in 1903. Oa the basis also of Willett Gray's calculations, the following is obtained In cents: Aterage price1904. 1903. 1902. 1901. 1900, 1899. 1898 Granulated sugar.... 4-772 4-638 4-455 5050 6-320 4-919 4-966 Raw sugar 3-974 3 720 3-542 40i7 4-666 4-419 4-aS6 & Balance AnuVem. Oo. Oen. Cem. Vo. paid. vlus 1«0| »20.b00 «86,989 (7%)^i40,000 def. saMOO *^i«.i»2 1903 492,145 95,472 22,000 (8%)160,000 sur. 214 673 1902 298.480 99,505 s'.COO (8%) 160,000 sur 33;475 The dividend declared payable Jan. 20, 1906, omits the extra distribution of 1 p. c. which has heretofore been paid semi-annually with the regular 3 p.o. payment.— V. 78, p. 2387. American Ice Co.— Change in Fiscal Year Approved.— The stockholders on Jan. 10 voted to amend the bylaws so as to provide that the annual meeting shall be held on the second Tuesday in January, instead of the second Tuesday In March, as heretofore, and the fiacal year end on Oct. 31, in place of Dec. 81; alio, that a director in order to qualify must hold at least 100 shares of stock. The annual report was pub lished in the Chronicle V. 79, p. 2745, 2749. Reorgamzation Plan. —President Oler, after the meeting, explained at some length the proposed plan of reorganiz ition. Circulars announcing the plan in full will be sent to stockholders in about a week. Briefly the plan Is as follows: It is proposed to organiza a holding company under the laws of New Jersey to be known as the American Ice Securities Co., with authoriry to issue |20,000,000 capital stock, all of one class, in $100 shares, in exchange for the outstanding stook of the American Ice Co., and |2,500,000 8 p. c. debentures to fund the accumulated dividends on the preferred stock, amounting to 16>^ per cent. The basis of exchange will thns be as follows: Common stock 190? 5b07 55 25 The National Sugar pendent INDUSTRIAL, GAS AND MISCELLANEOUS. TSI ^'^^^ -¥^79^2^58 ^^^® 0*913 1008 0754 0-500 0^ American Tobacco Co.— Securities Listed on Stock Exchange.—The new forty-year 6 per cent bonds of 1944, the 4 per cent bonds of 1951 and the preferred stock were listed this week on the New York Stock Exchange. The details of the securities and the provisions relating to their Issue, together with the company's balance sheet and other Informa- tion, are given at length in the official statement made to the Eiohange, which will be found on pages 167 to 169 —V. 80 ' p. 118. Betlslehem Steel Corporation.— Zftcorporafton of SubCompanies.- Articles of incorporation were filed In New Jersey on Jan. 7 by the following companies, which will take over the plants of the several operating companies heretofore sold at auction and purchased by the reorganlra- tion committee: Union Iron Works (San Francisco), stook. «2 000.000; Oirteret Improvement Oo. stock, $300,000; Samuel L. Mjore & Sons Coporation stock. «300.000; Crescent Shipyard Corporation stook, <p->"".vw. $300,000: Eastern Shipbuilding Corporation stook, $300,000. The receiver's sale of the stocks of certain of the old sub- companies was confirmed by Judge Lanning on Dae. 30. Possession of the properties will he tiken and the new securities issued at an early day.— V, 79, p. 2699. Boott Cotton Mills, Lowell, Slaas. -Liq'iidation.—The at.ctiholders of this company, which was incorporated in 1835, vjted on Jan. 9 to liqaidate the company. The capital $20 $100 f leifl stock is $1,200,000, in shares of $ ,030 each. The mills are An underwritiog syndicate has been formed, composed said to have produced annually of late years about 24 chit fly of the directors of the company, to take up the new 000^000 yards of fancy goods, sheetings, lawns and towelings. bond issue at 70, and stockholders who prefer cash for their —V. 73, p. 1187. accumulated pref dividends will receive 70 per cent, of the BrazoB Channel & Dock Co.— SoZd.— A*; the foreamount due in cash. The stockholders will not be asked to closure in River Valasco, T jx., on Jan. 3 the property was bid in formally ratify the plan, but merely requested to give their hv William H. Coolidge of Boston for the bondholders at assent to the committee after receiving official notice of the $10,000. lacluded, it Is said, was a large amount of land on promulgation of the plan.— V. 79, p. 2745, 2749. both sides of the Brazos River from the mouth inland about American Ice Securitieg Co.— Sae American Ice Co. above, 6 miles. —V. 79, p, 2149. ' '.'.'.'.'.'.'." . American Smeltiog & Refining Co.— Called Bonds.— Chesapeake & Ohij Canal Co.— Securities Transferred.— Omaha & Grant Snaelting Co. first mortgage 6 p. c. The Maryland Board of Public Works at Annapolis on bonds drawn for the eiukiag fund will be paid at the Central Jctn. 8 tratisf erred to Fairfax S. Landstreet, representative of Trust Co. of New York on March 1, 1905, at 105 and accrued the Western Maryland RR., the State's holdings in the ChesSixty-six interest.— V. 79, p. 2693. apeake American Sugar Refining Co.— Presidenrs Statement.— President H, O. Havemeyer, at the annual meeting on Wednesday, said in pirt: The subject of principal laterest to the stockholders naturally and that of dividends upon the stock. The dividends during the past year have b«en malnta'nod at the rate which for years has beau estabUehtd. It goes without saying that the dividends have been earned. Any intormatlon which is desired by the body of stockholders it will he the p easure of the directors to give. But unless inBtructed otherwise, they will follow tha directions of the stooktiolders not to give special lur>rmai;lon to particular individuals. I am graiifled tj> call attention to the report which In last was submitted by the United States Oommlssiooer of December Oorporatlous. Mr. Oarfleld. N()i many of his suggestions hear upon the busluess of our ooDjpany. One feature must In its referanoe tt» Ipjary to business meet with hearty commendatl .n. Mr. Garfield says: -tn the luves l gation of special corporations the ODmmissioner will necessarily ac quire knowleige of Infringement of private rights. The mechod of reporting and nnafelng puoilc the result of thme lavestlg atlouH affords means to the President for prot»o51ng pr.vate rights, tn this ptrtloa-a lar ih« meih d of procedure is similar to the action and reports of -he UjmptroUerof th« Currency regarding national banks. There will thus be presented to Oongregs ail relevant facts, except suiih as aflordto any cDrporatlon Information which woald Ini ire the lei?itlmat;e businessof a competitor and destroy the incentive for individual superiority and ihrlti " the persons interested in the company are its '"S^^Pi'*^"''^®^^"* Btockiioldbra and Its creditors. There Is certain general information necessary, for example, in making up the pnbllc aeali of a census re In which th« public at lar,<e are interested. Informatioa of this S?jr^" ^°*'^« U does not pass the line which is reoognlz-d by the reyort ^i 9"°i™lse'""er G»rflald. manufacturers— whether corporations «!, /i' or Individuals— may wlth-ut detriment furnish the details. Oar company frona the beglnninK has stood upon the p3sltion that Information in respect of private matters which it made public could be used by always Is wmd M (a) (b, & Ohio Canal Co., viz.: Mortgage dated April, 1835, for $2,000,000. c) Mortgage dated May 15, 1839, tor $1,376,000 and confirma- tory deed of 1844. <d,e) The preferred capital stock, "whether Issued or not Issued, but, subscribed and paid for by thfi said State under Act of 1833." of par value believed to be $3.0;)o,0u0; also slml ar preferred stock uthortz»d by Act of 1838 to an amount believed to be $1,3''.'S,000. (f,g, h) Common stock issued or subscribed for under Act of 1827 about $500,000; also that authorized by Act of 1833 about $125,000: also that Issued under Act of 1825 $i63,00 J. (i) All other Interests of Slate, either as mortgagee, creditor, stockholder or otherwise. The status of the property as regards underlying liens and claims was stated by Wov. Warfidd of Maryland on Dcc, 1, 1904, as follows: At the first biddine eleht or nine years ago C. K. Lor t, on behalf of the Bait j more & Otiio, bid $^10,00 cash. At that time the bonds of 1H7S, with interest, am )UTited ro about .?900,000. The amount of the repairs (§451,000) put upon the canal byth-" trustees now in possession were at thai time and are still claimed to be a lien ahead of the State. Since ben the orior Iieos have greatly increased. Tne interest of the $>'iO,000 bonds of )H78 has ocen accumulatiDg Bf the rate of $30,000 a year, as has the interest on the repairs :f they are finally allowed as a Men. Then atrain, the State by the Act of IhO waived itst morteagCH In favor of labor claims amouutine to ab>ut §176,000 to$.JO i.oOO, so that '^taie-s cUims cm only come in behind prior lieas amounting to between J','^ > < aod'Si.000.000 But them stserloua handicap upon the value of the State's interest is the possess Huoaossion of the canal by the trustees under the [-$ ,»<0 '.^O ] bonds of 1844. 'hestf bonds, with interest, now amount to over §ii. OO.COO. By virtue of this lien on the tolls and revenues [but not thecjrpus] i.fihe canal the trustees have fean put in possession. This was done by the Court In ls90, and by several su'>sequent orders this holdiun has been extended, the last extension being until 1 06. These last orders have all been aflSrmed by theCjurtof Appeals— at one time it is true, by a divided t.'ourt— but ibe last extension was affirmed by a unanimous decision. Compare V. 7B, p. 'ilVti. fil.H 'O.uOO Tde holdings of the B. were given in V. 67, «& O RR. p. 1108. as r-portfd in Bal.imore The Western Mary THE CHRONICLE \m will be «^ie to use tH^ land, wiiexi it k^ib plissicdl poeaessiou, D. C. as well \V^8hit,gton to line for a desired canal bid if Central Virginia West as for the connection with the & Pittsburgh (see V. 79, p. 2693. )-V. 79, p. 2798. Telephone Co., Sioux Falls, S. B&k.-ForeclosRoyal Trust Co. of Chicago and H. K Suit.-The ure suit in the Ambler, as mortgage trustees, have brought mortgage the foreclose to Falls Sioux at Court United States June 1 due coupons the $163,000 of 6 p. c. bonds, Citizens' securing and Dec. 1, 1904, being in default. Judge MacCOBSolidated Liquid Air Co.-iVewi2^cetver.appointed Jan. on 9, city this in Court, Supreme Lean of the Altrea Li. of place in company Louis J. Frey receiver for the 1643. Curtiss, resigned.— V. 79, p. Construed. Cuyahoga Telephone Co., Cleveland.-Afor^graflre against the —In the friendly suit brought by the company bonds that mortgage trustees to determine the amount of the mortgage the under time to time may be^issued from issued on a Court has decided that new bonds can only be no matter line, party a that and telephones basis of main line it, counts as only one on are lines telephone many how concerned. Compare V. line, in so far as the mortgage is Bonds.'-The company, it is announced, will ffs^® an ad- gold bonds, of which $32,000 to ditional $167,000 of 5 remainder purchase the CoUinwood telephone plant and the unauthorized $3,500,000 the Of to be held in the treasury. $2,400,UUJ, outstanding be then will there mortgage der the under the being the full amount permissible at present 682. V. p. decision.— 79, aforesaid Davis (Cotton) Mills, Fall Ri^e/'-^f ^^^f«^*^„-^^ the United Boston on Jan. 4 Judge Francis C. Lowell, in hands of the in company this States Circuit Court, placed Fall River, of both Bodge, P. John and Barker Edward B. on petiand Richard M. Saltonstall of Boston, as receivers, R. I. Pawtuoket, of Co. Mfg. Furnham tion of the Eastern p. c, I TOL. LXXX. needed portionate share of possible expenses, any sum not on advertisement See later. therefor to be distributed another page.— V. 79, p. 2645. Capital Co.— Decrease of Illinois plant to the Seocfc.— This company, having leased Its Anniston Fouc dry Car Steel (Western interests Pressed Steel Car from Co.), has filed a certificate reducing its capital stock t^^ from $25 shares of value par the $2 000.000 to $800,000 and of bonds cent per 5 $1,100,000 outstanding are There $10. Car & Equipment & 1898. Office, the Rookery, Chicago.— V. 78, Keystone Telephone Co., p. 586. Philadelphia.— Bepori. —The annual report for the calendar year 1904 presented at the inmeeting on Jan. 10, showed gross earnings, 1685,740, an an of 437, earnings $352 and net crease of $204,216 over 1903, $346.expended company The 1903. over $119,922 increase of company 832 during 1904 for extensions and additions. The 2591. use.— in V. 79, p. telephones reports over 16,000 Kirby Lumber Go.—Payrmnts on Timber Certificates.— 'iee Houston Oil Co. above.— V. 79, p. 102. Voting Five- Year Lehigh Coal & Navigation Co. mutu>a for shareholders the urges management Trust— The Life & protection to deposit their stock with the Provident Dae. dated 61, agreement an under Trust Co. of Philadelphia Benson, Dale R. which by 1910, March 1, expiring and 1904. E.W.Clark Jr., Geo. H.Earle Jr.,Geo. H. Frazier andErskine Hewitt are constituted voting trustees without salary, ihe deposited voting trustees will have the power (1) to sell the - vote the stock at not less than $135 per share (par $50), (2) to election of shares at all meetings of the company, for the of continuing officers or otherwise "with the express purpose organization, a aninaependent as company the of policy the majority of ths trustees to control in case of disagreement; trust, and (4) by the affirmative (8) to fill vacancies In the vote of four trustees to terminate the trust. , 4.1. the President Lewis A. Riley in a circular addressed to shareholders under date of Jan. 9 says in substance: at the end of Novemher an You have already been informed that » The company's capital stock is $544,400, and its floating offer for the stock ol the company at the rate ot »150 made was secured by V}^^pot and reputa^ debt, is stated as about $1,200,000, partly share This offer came from a gentleman of such Position Dec. 1, 1»U4, tor tlon as to warrant the belief that he was a^i^o^ized to act for the $4C0 000 bonds issued under mortgage of deas trus- parties whom he profesped to represent; and nothing has sinceparProvidence, of Co. Trust $500,000 to the Industrial truth of his statement. Large the doubt to me lead to veloped 10 On Jan. »?vanolng prioes so tee and partly by cotton valupd at $275,000. of stock had been made in the open market at acd Ihases had been started That there was reason to apprehend that a movement Judge Lowell appointed David F. Slade, J. M. Morton In order to prevent the acqai^^^^^^ held by the%mpany. of bales cVctrol sUu?e'the of 4,000 charge o take to J P Bodge r*>ceivers interest which ml/l^J^oe Jf^'": determination ot tlon of a maiorlty of the stock by any for Earle Jr. to call the Security Warehousing Co. pending the ferent to the minority, I asked Mr. George H. get. er^ very stockholders The sell. assents giving him the power to title. proposed purchaser had declared his the after and of responded, output allv company's Dominion Coal Co.— Output. -The his agreement.it was still thought advisable aggregating fnabimy^ to carry outshould act in concert. coal for the calendar year 190* is reported as that the stockholders >,„aTri nf of 3,190,799 and it has been concluded by th® board 1903 consideration in tons careful 8,162,118 After against tons, 3,056,0[3 shares the of majority a least at that it is expedient that manaeers E. W. CUrk Or tons in 1902.— V. 80, p. 119. bl placed under the control of R. Dale BensonHewitt, acting as Company.-Thia GeorKeH Earle Jr., George H. Prazler and Krskine El Paso (Tex.) Gas & Electric €o.—New to sell the same to the best advantage, but at authority Nov. on ^1, With Texas trusties of laws the under be issued n company, incorporated $13 5 per share. Negotiable certifloates will has purchased not less the depositing 1904 with $500,000 of authorized capital stock, for the stock so deposited, ii. such names a. Sange Power Co. and stockholders may desire. These certifloates will be Hated on the the plant of the El Paso Gas, Electric Light & Trust Oo. Stock Exchange Stockholders owning a very large number of shares Central the to mortgage consolidated has made a $500,000 have already consented to the plan. secures „irrar, tn mortgage to opportunity will be Riven of Chicago, 111., as trustee. This Under the present arrangement ample agreement, and 1904, believed 15, is Dec. it and dated each, the $1,000 to of parties of 6 p. o. gold bonds ftU Rtookholoers to become IB, that bv the plan it will be possible to continue the policy of the comdue in thirty years, but subject to call on [and after?] D?o. of the conand outstandiGg pany as an independent organization and avoid theIfdanger are $165,000 bonds no sale is made 1913, at 105. Of these detriment of the stockholders. the to passing trol $125,000 agreement the stock will be $135 000 are reserved to retire at or before maturity the trustees at the expiration of the Should a sale be stock bv returned to the depoRitore or their transferees. first'mortgage bonds of the old company. The capital include the holdings of those Officers: It may prove impracticable to effected. shares, $100. of par outstanding; within is all or refuse to unite in the proposed arrangement C. H. Bosworth of who neglect Georee F. Goodnow of Waufeegan.Ill.. Presment;Oook fixed by the trustees. -V. 79, p. 2699. time the and Secretary Chicago; 111.. Vice-President ana Treasurer; W. J. Catasanqaa, Lehigh- Northampton Gas & Electric Co. of Thos. Jones General Manager. McKee has W. W. -Receiver Cer^i/lcat^s. Pa.-i2ecewer's was 16,000,000 The annual output of gas at El Paao in 1904 to Issoe Court County Lehigh the price of gas received aathority from cubic feet at $2 25 for light and $3 for fuel. The to modernize which with $^5,000 of amount the to In ten certificates from Jan. 1, 1905, is $1 70 gross and $1 50 net, if paid The company is A n«w water- and enlarge the plants of the company. days. The population ia now about 30,000, Coplay, Hokendauqua Catasauqua, in light and inrnishing gas plant will ba installed, several miles of main added V. 78, p. 771. Northampton.— and Siegfried Cementon, many other improvements undertaken. City. Mftnomg shela River Consolidated Coal i& C^oke Co.— Fort Scott (Kun ) Water Supply Co.-Purchaseby directors have declared a dividend of —See State and City Department, p^ge 178.— V, 77, p. «2b. Annual Dividend.-The (1-54 share p. c.) on the $10,000,000 preferred 77 cents a Freehold Elettrio Light ie Power Co.-So?d. -At re- stock, payable from the surplus earnings of the fi|OHl year tor f <5,li!U ceiver's sale on J*n. 5 the property whs bid These earnings amount to $154,76b, ending Oct. 81, 1904 Harris Gurg the representing Princeton, dividend. of Dorn by P. Van from which $154,0iJ0 is required for the aforesaid Foundry & Machine Works, one of the largest creditors.— V. See report on page 160 of to-day's Chronicle. Tne previoua paid sami79, p. 2645. divid^^nds were at the rate of 7 p. c. per annum, The This company inclueive. Dividend.— 1904, Co.— Jan., Gilchrist Transportation annually from July, 1900, to its shares.— con of preferred dividend 3 p. the a of 21 Dec. paid on $2,500,000 owns have to Co. is said Pittsburgh Coal outstanding capital stock of $6,761,400. The par value of V 79 p. 216. New York shares is $1C0, but the amount paid in is reported as only $50 "Naiional Phonograph Co -Decmon. -See Co. V. «9, Phonograph Edison also —V. 76, p. 1033. below; Phonograph Co. Houston Oil V.o.—Paymenta on Timber CerUHeates.— p. 2798. ^ r A ^ Judge Coupons due Aug. 1 on the Maryland Trust Co. certificates York Phonograph Co.— Favorable Decision^— New with for the Southern of beneficial Interest in Kirby Lumber Co. contract Hazel, in thftUQiiel States Circuit Court Houeton Oil Co., also the principal of an issue of certificates District of New York, on January 5, in the action brought paid on pre^^Ich Thomas A. series B of $140,000, due Aug. Is*-.. 1904, will be against the National Phonograph Co,, of Phonograph sentation at the National City Bank, New York, or at Mary- Elison is President, decided th*t the New York which comtrust license said of exolusiye agency at and or Bilfimore, sole land Trust Co., Company, by virtue of a for all phosaid coupons on accounting interest with an together to York, right New has the in 1903, in pany expired by and certificates at the Vate of 6 per centum to date of pay- noKraph supplies made under the Elison patents and sold the between before or on presented York New of coupons not State and the Certificatea within ment. the National Co. ordered Jan 20 1905, will not draw interest after that date. The years 1898 and 1903. AH proce'^dinga, however are United v?ill the Chairman, to appeal Young, on W. George decision committee, thrt protective to be stayed pending is involved of decertificates amount pay the aforesaid sums to the hoWers ot States Circuit Court of Appeals. The in dolIars.-Compare Co. Trust Mortg>igthousand States United hundred posit through the leported to be several and New York, Brown Brothers & Co. in Philadelphia V. 76, p.1411. Brown, Shipley & Co. in London. From the principal of the luveatmcnt Newf» Ooncladed on *•«. 169. procertificates the committee will retain 5 p. c. to meet the . & Km tC m . & ^^ 1 Jan. 14, 1905. THE CHEONICLE. Itpoxts 167 mx& ^ocmnmts. THE AMERICAN TOBACCO COMPANY. OFFICIAL STATEMENT TO NEW YORK STOCK EXCHANGE IN CONNFrTrnxr wtt^tt r ron. YEAE Srx PER CENT BONDS OF nu. POUR PER CEN?B0N2sT''iriTD ^TpReSeD^T New York, December 21, 1904. of said Preferred Stock, respectfully request that you place on the 1- /^¥A^°'l^/^'^r^ list of the New York Stock Exchange secm-ities of The American Tobacco Company, the total contemplated issue whereof IS as follows: $56^0 400 0/ Forty Year Six per Cent Gold Bonds, dated Oc'^"*' bearing Interest from October 1, 1904, interest u, payable semi-annually on April 1 and October i of ekch yelr ^ *^® ^°'"^^ ^^1"^ <3'ie October 1, 1944. «7S ftSQ'i'f?.'''^^'..^^ ^°'"^^ maturing 1951. dated nrf^hJ^on ''earmg ^^- ,^nr,F^''-'^^'"S^°^^ interest ^^^^' from August 1, 1904, nterest ^.lo^f payable semi-annually on February 1 and August 1 of each principal of the bonds being due August 1, 1951. W) «7RfiSQinn® 578,689,100 of Six per Cent. Cumulative Preferred Stock, the par (1) ' m ' m '"'^'' a%°r'oiL^?)ctb?r%!"lV' ""' ''"''^°'^ *° ^^ °^^'"- There have been issued either in permanent form or in the exchangeable certificates of Morton Trust Co. these securities to the following amounts, to wit: Ito'I^?'^ °i ^l^ ^^'"^ S^'^ per Cent. Bonds. esLpS ^^^ ^°°^«rt^<i into the Ce"nt ro,?B^'T Cent. Gold Bonds ^^'^r"^ at the rate of $116,66 2-3 in bonds forelch share of the par value of $100 of said Preferred Sock These bonds may be issued only for the conversion of the stocks "'"''''^^ ^"'^^' ^"^^ "P«^ «^^ canceHat on o ?he stocks the s?ocks°?n'th the respective merging companies held by other of the merging companies there rem°ain stocks to be m converted ^^^ ^^^^« aforesaid tTere is leqmred eUreV T5rolo'?0o' $56,090,400 of said T"". bonds. The authorized issue of P'' ^'"'- ^"^'^ ^^"'^^ ^^ ^l>«r«f-« li-^^ted to $56,7'^^'^ Ogi^a^ By the operation of law and the provisions of said agreemerger the debts and obligations of the panies became the debts and oblilations of the merged Company, The Amencan Tobacco Company; included in th?se deb^s p"""' $157,378,200 of the Four per Cent Gold Bondfnf ment ot merSn/S- rr: P®'' '^^"t- Bonds. Its flSQ'inn of °l }^^ ^^'f Six J°"'' Jp78,b89,100 the said per Cent. Cumulative Preferred Stock. and application is made for the immediate listing the securities issued, and that the Committee be empowered to list the additional securities aforesaid upon the statement of the Morton irust Co., Trustee and depository, that they have been issued m accordance with the terms of this application. and the Preferred Stock of the Con Tobacco Company, on iugu ? 1901 ThT'^n^^*'^ -P^' ^""^^ ^onds hereinbefore men! ^f TV.! S^^^tioned of The American Tobacco Company are issued and to be issued exchange at par for said Four Ver Pen Bonds of Consolidated f issiJed m TobWo Corner fPnK The'e bonds can """^y for such of the said Four per Cent oJr^^\''' Tn^^""^? Gold Bonds of Consolidated Tobacco Company as haye not been exchanged for the Six per Cent. The Six per Cent. Gold Bonds and the Four per Cumulative Stock Cent. Gold hereinafter referred to. Since one-half of the FoiTJer Bonds aforesaid are of the following denominations, Cent Gold Bonds of Consolidated Tobacco to wit: Coupon Bonds of the denominations of Company h^ve Already $1,000, with power of ^''^'^ '^'"^ ^^ P^^ Cent. Cumulative registration as to principal, and with Preferred power of exchange for S?ock'?f ^r ^' Registered Bonds without coupons; Registered '^^ out, there remains only one ^TT^^^"' Bonds in de- hn?f of IPf' ""^ *^^ ^^^ P"^ Cent. Gold Bonds of Consol?dafpd Tnb '""Z Company, to wit, $78,689,100 in exchange and $100,000, with power of exchange for for Coupon Bonds of the which these Four per Cent. Gold Bonds are issued. The issue denominations of $1,000. ^«"<^- Cold Bonds is therefore Both the Six per Cent, and the Four per limited ?o Cent. Gold Bonds $?8 689100 "Yn^'^ aforesaid are issued imder and subject to the terms of a Trust datfof m.'tuSv .7 '^*' ?/ ^"*^'"'*' ^^t^r^^t periods and t^^y exactly correspond with the Four per ^^" American Tobacco Company, as Cent Srf J r.r'r^.'^ party of the first part, and Morton ^'^'V^l.^f Consolidated Tobacco Company in exTrust Company, as Trus- Sfnn;. f tee, party of the second part, ^^^^^^e s^aid Fo^ dated October 20, 1904. This per &nt''clld 'b '\'^ T^t T^^ ^^^^ T^^ American Tobacco Company for Trust Indenture does not constitute a Mortgage nor a specific Four Fmir per r.?* n ? S''?^ Cent. Gold Bonds of Consolidated Tobacco Comnanv °5^'' P^.^P^^^^' or is^there depSSd with ^'t\Th?Trn the Trustee tf*'*?! ''' "^^^^ wilTbTextendeTto collateral security, but by it The American lZr30'"l90T:'^ exchanges I'''' '"i^"^^ Tobacco Company "imposes a charge in thereafter can be made only at favor of the Trustee the thront^^n option nf of 't\^ The Amencan Tobacco Company. upon all Its property and present aSd future net income earn PrSed ' wWW^ T O^fTl' Y ^ V^ 7 '"' *5^ S?x7er CerTt. G^d Bonds Blr"^'.'' Gold and second, of said Four per Cent. Gold Bonds and covenants that it wiU never mortgage its property business and mcome, nor create any specific fharge ^/^^^*' fi^«*' «f said uX its earn- S^tz'e':r;on^\V r and confirm the charge aforesaid as prior claims in thp ^^ ^^^ -^ Scome'e'aJning ana profits. » ^ThT'' The said Trust Indenture provides inter alia for action by the Trustee for foreclosure in the TV'^>Tf S'proS uponTekX W ^°°^P?^^' ?P«^ ^"tten notice of the holderHf Twentt '"^ ^"'O"^*^ of either the Six per Snt Po^?? J;J ^Z ^^^^°^ P«r <^e°*- Gold Bonds, and upon *^? fL?f i-^ ""l a foreclosure directs that the fl proceeds of sale, or proceeds P-««ding fhe sale paTd '"f r^P^'^^y ^^^ Cent. Gold Bonds P«r and^ second, ana, second Vt>,t^-1'^^'^%°^*^ in the discharge of the Four per Cent Gold Bonds W t%E-'T 2TpaV ;%t PrT^r '' ?^^ The AmericL ToWco CoW year $500 000 LK*'^'^'i^'''^l,*^^ '^''''^^ o^ January of each the Trustee in the purchase on the open mard^^ ^l S wf+V+vl^ T*^ IS tW^*^ ™^1'^ ^"cli purchase at 120 or less *^-/'^*^" ^* *^^ '""^ ^^ ^^^ yeafi' ?etu^ aVsuch n/rt'"f said sum as it had not been able to so It^?f,?rTw^provided said Trust Indenture and in the bond. of interest shall be without deductio^ any amount th^^Ti^ American Tobacco Company may be . requSd io^°t*ii present or future ^"^ laTof the St?t!f/^ ^T"^^ *"" "" ^^unty or MunicipaTity therein that tnr' °o recourse ^^^i^^^*"' * shall be had for the navment '. nf j!^^^ J «*o^kholders, officer or director^ orT^e r"^ CTP^'^y- ?y the terms of the Trust In ?hJhnir S ''^^ m ^^ Se/ f . 2n?rS Vo&n Sre ^"*?o"^« any modification or compromisrof the rfl+« .f +V. ' ''''"' '' ^"^^ ''''' ^^ ^°^^^ --ing "out of Z IntntSe' ^"^^ witfthe Sm^of*;';*. ^r/^ ° agreement for ican TnhP^n^ r^ C?ntiSal ToWr°/' filed m This exchange and i^?,,P i"«V^«-t whicPshff ex^rSfy recognize K Cumulative Preferred Stock aforesaid is issued at afn«ff.''t par exchange for said Four per Cent. Gold Bonds of Consolidated Tobacco Company. ^'^ ^^«"«d i° accordance the merger of The AmerConsolidated Tobacfo Company and rtt' omcrohlTisj^'S '' H ^^^ itt:^^^^ ^^^e of New Jersey on ^^ October 19 1904 Bwv.-. + "' Preferred Stock of Th!! ""L^^^^ "^^^S^^ agreement the ?°^P^°^ ^^« ^°°verteriitfthesf sTx ptTcenf ^*^4 ^°^^^ at the rate of $133.33 o 1-3 in bonds fnr^oLT:^' Donds 1 ^ for each share of the par value of $100 - . S'T *^^ ^^"/ P"' Cent. Gold Bonds of Consolideposited them with the depository ilecid selected forTl,n.'''^P^°^ that purpose, with the agreement that thio dP pository should ofl'er to all the holders^ofTheFou? per Cent Consolidated Tobacco Company not making such tin?rf^ °^P.*""^.^^^"^ of their bonds in the Four per p' *^ Cent Gold Bonds of The American Tobacco Company hereinbefore V-"^'^"' ^* the option of the holder, to the^extent of one hnlf'of ^^ Consolidated Tobacco Company 's^rnf^P^f-n^'^^^^P^^ per Cent. Cumulative Preferred Stock of The '^"^ Company, and the balance in said Four per 1? Sed ToX^n P Sf aS^^'t^^ C^t Pnl7 ?''°'^' T^^ American Tobacco Company; and ^ ''''} agreement and made such deposit would t7kA\'' ^'"^^''"^ °^ ^^^ Preferred Stock not takeS by -^ bondhnfl bondholders m response to the advertisement, thatSw ""i Tf thus securing $78,689,100 of the Six per Cent SSu° ^^^ latiiT Z^""}^ ^^^f^^''^^ Stock, and reducing in amount by one-half of Ifri the Four per Cent. Gold Bonds outstanding. Such f offer was and advertisemen^t was made a 7ew Tys'twff?^''7'^^ ^\^}^ "Po° ^hi^h such exchange could Jr?fr f t ^!^^ oe effected, such time being December 10, 1904. The Tr„=f ^Vi^ referred t^°" per Cent. Gold hereinbefore' Bonds The American nrov^dpl^.r^^^ *^^ C<^*ober 20, 1904, Tobaio lobacco Pn^* Company can be to! of issued only in exchange at nar for ^«°^^ '' Consolidated Fobaccr^om' nanv '^^ ^f ^^^* by virtue of said provision and '? W^rt^ir.^JT''^'exchange of Four per Cent. Gold Bonds of ^'°^ Conl^lS^f.^ T ^"^'^ K^ ^°*° ^^ P^^ Cent. Cumulative PreferrpH q1 i°^^''^i,^TP^''/ American Tobacco Company, the Four nJr n^^f^^ per Cent. Gold Bonds of The American Tobacco Company at any time outstanding will be equal to $78,689,100 at par, less P^' ^^ *^^ ^our per Cent. Gold Bonds of ConsoLn^TrJ t* solidated Tobacco Company at the time outstanding. Said Indenture provides that the Four per Cent. Gold Bonds i=r^ ^°^ the Four per Cent. Gold Bonds of Con^^VA.Ar^'^^^'^ solidated Tobacco Company at any time outstanding shall ratably, as against any of the assets passing to The American lobacco Company from Consolidated Tobacco Company, be en^" ^^^ "^^*^ secured by the Trust Indenture of June 1^ lom ^^^""^ *^® ^our per Cent. Gold Bonds of Cont^VA ?h ^t^"" solidated lobacco Company were issued, as modified and com- Pw P^ written inpromised by a Avritten instrument or concurrent not otherare same the struments referred to, if and so far as expiesslj' 1904, 20, October of Indenture wise by the Trust modification referred of instrument The secured. and given holders of a majority m to was an instrument signed by the of Consolidated ToBonds Gold Cent. per amount of the Four of June lo, Indenture bacco Company issued under the Trust so Indentuve Trust said of modification 1901, consenting.to the Consolidated of merger the of consummation the as to permit Company and Tobacco Company with The American Tobacco the issupermit to as so and Continental Tobacco Company, referred hereinbefore Bonds Gold Cent. per Six ance of the tor Bonds Gold Cent. per to as a superior charge to said Fouiof Stock PrefeiTcd the converting and the purpose of taking up Continental Tobacco and Company Tobacco American The modification are Company, and copies of said instrument of agreement of the By Committee. the to herewith handed the Piefened of merger there is authorized $80,000,000 as par the */»,after amount authorized Stock; the balance of the by the issued be may $1,310,900 wit: to issued, 689 100 already ot par at discharge corporation only for the payment and indebtedsuch pay to cash for par at present indebtedness, or Its issuance is not contemplated. ness. In addition to these items there exists only the current indebtedness of The American Tobacco Company, whether incm-red by it or incurred by one of the merging companies aforesaid, which cmrent indebtedness does not exceed the sum of $7,173,041.37, which was the amount of the cm-rent indebtedness of the merging companies at the time of the merger, as shown by the Balance Sheet. BALANCE SHEET OF THE AMERICAN TOBACCO COMPANY, OCTOBER 20, 1904. A ggptg Real estate, machinery, flxtures. patents, trade marks, $139,19d,a&d.7it good will, etc Leaf tobacco, manufactured stock, operating supplies, etc. 26,092,396.44 Stock in companies foreign to the United States engaged • AJ,S^o,4-iu..JO in the tobacco business Stock in companies formed under the laws of States of the United States engaged in the production or marketing of tobacco or its products or of materials used in the aforesaid, the the terms of the Agreement of Merger as the ComCompany, Tobacco Conimon Stock of the American stock ot the and Company, Tobacco Continental mon Stock of Comthe into Consolidated Tobacco Company were converted Tobacco American the Company, mon Stock of the merged not sought Company, at par, which Common Stock, however, is of Merger Agi-eement to be listed. By the provisions of said held companies merging the of each aforesaid, the stocks of stood legalcompanies merging the of other any by and owned By ly cancelled. ,_, „ . , Total m and which der which The American Tobacco of incorporation, it takes the place of its charter or certificate alter by-laws is conand make to power the that is provided Directors shall have ferred upon the Directors, and that the to time the sum to time from determine the power to fix and paid in, as a Stock Capital its above and over be reserved among its dividends any working capital, before declaring any paying and declaring of time the fix Stockholders, and to determined be shall dividend; and the amount of any dividend the by-laws ot by the Directors, unless otherwise provided by right to dithe have also shall they that and the Corporation; surplus or any of disposition rect and determine the use and paid Stock Capital the above and net profits or earnings over Directors, and the of rights special only the These are in. they are given no special privileges. the respecThe provisions of said Merger Agi-eement as to Stocks respecCommon and Preferred of holders of tive rights tively are as follows: "The holders thi^ Enrnlu^ to receive out of the Preferred Stock shall be entitled shall be or net earnings, and the merged corporation &£S.ed-and^^e! ^a^.'^bfeiefrl^: E^Hfat^-^^^en^^f \^^^^^^^ ^.^L^r'^^J^ ^ ^^^^^^^ irrt4tairnce-o7\'^e°Ls^et^^f^%a?d^ m\°Jp c«o^rp|jt«aTl proxy, at elections of Directors attend or voleliher in person or by meetings convened for innr at an V meeting of Stockholders, except dissolving the corporation, o^ c^eas'ing or^lcrealing the Capital Stock, which the statute expiessiy passing upon other matters with respect to vote." to Stockholders Preferred power to gWes the The American Tobacco Company has no bonded debt in ad- hereinboiore referred to dition to or otherwise than the bonds for outstanding Seven liable is and described, except that it Tobacco Company in Continental by issued per Cent. Bonds Lorillard Company, exchange for the Preferred Stock of P. the aggregate to in amount Bonds which Seven per Cent. In addition 1905. April payable 1, and due are $1 .581 100, and because a contingent liability on the Company Tobacco American The by guaranty or of the endorsement Four per Company and Continental Tobacco Company of the a Company (a Company Cigar Cent Gold Notes of American issued. Company), this by owned is stock maioritv of whose outstanding and maturing as follows: IB. 1911. Series "A," !Wi,000,000, maturing March to' this there • • ^I'^o iX^no • : yW • ^, Six per • • ^;«8|;X.TO AiVJ.. Cent. \K.l.V„\ Continental ••••••• ; Stock of The of • American Tobacco Co '^'^J Accrued interest on Seven per Cent. Gold Co •,:;••;• Tobacco Continental Accrued interest en bonds of Consolidated Accrued commissions Advertising funds Accounts and bills payable ' • • 1.581,100.00 • • 280,000.00 ^'-J."!" L" ot l.'t Debentures 5,781.90 1,370,713.35 2,016,076.86 2217' 175 41 7 173'o4l'37 „i'iAa'V*ioi 24,596,445.24 '^V Co... Tobacco A^' Surplus Total $292,951,400.80 liabilities „,,,, Tobacco Com- exists, ^MIK Six per Cent. Preferred Stock Common Stock : Provision for adjustment of fraction of Bonds and Common Stock Seven per Cent. Gold Debenture Bonds Tobacco Co., due April 1, 1905. .••••• Provision of $2 per share on Preferred American the property heretofore owned by The and Consolidated ToCompany Tobacco Continental pany, each of which comof securities bacco Company, some of the It is enExchange the on listed been panies have heretofore products the and gaged in the manufacture and sale of tobacco and personal, useful and of tobacco, and owns property, real other comas stocks well as business, such used by it in and short list A panies engaged in like or kindi-ed businesses hied. herewith is plants description of its principal to, unthe Merger Agreement hereinbefore referred Company $292,951,400.80 assets Six'^ptr'S:~^old Bonds Four per Cent. Gold Bonds therefore whose securities are thus sought to be listed, has, of all owner absolute the become by such merger as aforesaid, Under 40,890.474.95 Bills and' accounts receivable Company, The merged company. The American Tobacco r.f [Vol. lxxx, THE CHRONICLE. 168 Memorandum Undivided of surplus:— profits on the books of the i.,,,^^ t**'®^ ,„o,.<rori "f^ff^ $34^609,361.91 'th^' Preferred Lei°'dlff "rence 'between the' 'p'w "value ^f ContiStocks of The American Tobacco Co. and Six per nental Tobacco Co., and par value of the were Stocks Cent. Bonds into which the Preferred converted by the merger agreement ' ' io,oi^,»xo.o< $24,596,445.24 STATEMENT OF INCOME OF THE MERGED COMPANIES FOR 1903. year 1903 The American Tobacco Company during the Continental .g g^ 534 g^ earned (not counting dividends received on 1' Preferred Stock held by it)....--'',.'« in 12.756,7»4.ub i9'7f;fi'784'oe earned During the year 1903 Continental Tobacco Company Tobacco Company Dur n| the year 1903 Consolidated American earned (not counting dividends received on 885,813.39 held by It) or Continental Common or Preferred Stocks • Making "• coo 228 182.09 total earnings for the year by the merged which, upon the basis of the securities issued would be the Company, Tobacco American Corporation, The on the bix interest income applicable, first, to the payment of on interest of payment the per Cent. Gold Bonds; second, to of divipayment the to third, Bonds; Gold Cent. the Four per Stock; and, dends on the Six per Cent. Cumulative Preferred Stock. Common the on fourth, applicable to dividends ComThe Officers and Directors of The American Tobacco pany are as follows -^ ^ , 1 r^i 1 Cobb, CharlesOfficers.-James B. Duke, President; John B. S. Charles Hill, E Halliwell, William R. Harris, Percival S. Secretary; John McAlister, Vice-Presidents; William H. Keene, M. W. Hicks, Treasurer. Paul Brown, Directors.— George Arents, Anthony N. Brady, James B. Duke, N. Benjamin John B. Cobb, Thomas Dolan, Maloney, J Thomas Lorillard, Pierre Dula, Duke, Robert B. Payne, H. Oliver Patterson, William H. McAlister, Rufus L. E. Charles Schley, B. Grant Ryan, Frank H. Ray, Thomas F. Percival S. Helme A. George Harris, R. William Halliwell, D Kingsbury, Robert A. C. Hill, Charles S. Keene, Herbert N. Strotz, George W. Watts, Charles Smith, Robert K. Smith, T-Tarrv Weissinger, Peter A. B. Widener. Gold Bonds and The Transfer Agency for the Six per Cent. mentioned and hereinbefore Bonds, Gold the Four per Cent. Street, New Nassau 38 described, s Morton Trust Company, hereinbeStock, Preferred the of York City. The Registrar Loan Farmers' & Trust The is described, and fo^i mentioned Transthe and City; York Company, 22 William Street, New Company, Trust Morton is Stock fer Agent of the Preferred City. 'iS Nassau Street, New York , sh at least once The American Tobacco Company will publ its income and detailed statement of in each vear a properly period, and also a balance preceding such fo? oxpenditiues and accurate statement of detailed sheet giving a properly , . i. at the close of its last fisca the condition of' tl.e Company year of the Company will year or of recent date. The fiscal and the report hereinbeyear, calendar be coincident with the preceding year at the anthe for made be will to fore referred which annual meeting is nual Acting of the Stockholders, of March. Wednesday second the fixed to be hold on submit: this application we beg to With is sUlel "B," IsiooO.OOO; maturing March 16, 1912. ay copy of the Cnn'^er ana t^^e By-Laws of Con^ ^ °r ^j"^^'^^^^;^"^, ^T^ust Indenture Company, together; printed ^OPV certin^^^^ together, 1° Trustee, under which solldated Tobacco Company Norton Trust comp y ^^^^ ^^^^ of October 20, 1004, to "sam%1' copy ''of Fixst Indenture printed I'^^e tsuf^^ "tla^^ov^e^'ortl ^ — THE CHRONICLE. Jan. 14, i905.J 15, 1901, under which the Four Per Cent. Gold Bonds Consolidated Tobacco Company, hereinbefore referred to, were issued; copy of written instrument of modification to the Trust Indenture of June 15, 1901, which was signed by the holders of more than half the outstanding- Four per Cent. Gold Bonds of Consolidated Tobacco Company, and filed with the Trustee of said Indenture of June 15, 1901, In modification thereof; copy of written instrument signed by the holders of more than half the outstanding Four per Cent. Gold Bonds of Consolidated Tobacco Company, which assured the exchange of half of all the outstanding Four per Cent. Gold Bonds of Consolidated Tobacco Company for Six per Cent. Preferred stock; certified copy of the Resolution of the Board of Directors authorizing the Trust Indenture of October 20, 1904, and the Issue of bonds; copy of Annual Reports of The American Tobacco Company and Continental Tobacco Company, merging companies, for the years 1903, 1902 and 1901, and copy of the Annual Report of Consolidated Tobacco Company, merging company, for tlie years 1903 and 1902; specimens of Six per Cent. Gold Bonds and Four per Cent. Gold Bonds (both Coupon and Registered), and specimens of the Preferred Stock and Common Stock; Opinion of Counsel that the Companies have been legally merged, and that The American Tobacco Company is a legally constituted Company, vested with all the property of the merging companies, and that its securities have been legally issued; list a.nd short description of the principal plants of the Company; condensed Balance Sheet of the Company at the opening of its books on October of June •of 19. IC9 The Committee on Stock Lists recommends that the above described $51,210,000 Forty-Year Six per Cent. Coupon Bonds of 1944, for $1,000 each, Nos. 1 to 51,210 inclusive, $72,757,000 Four per Cent. Coupon Bonds of 1951, for $1,000 each, Nos. 1 to 72,757 inclusive, and $78,689,100 Six per Cent. Cumulative Preferred Stock (and Registered Bonds in the denominations of $50, $100, $500, $1,000, $5,000 and $10,000, into which said Coupon Bonds may be converted) be admitted to the list. The Registered Bonds are reconvertible into Coupon Bonds. The Committee further recommends that it be empowered to add to the list from time to time $4,880,400 additional Forty-Year Six per Cent. Bonds and $5,932,100 additional Four per Cent. Bonds, on official notification that they have been issued in accordance with the terms of this application, making the total amount of said Six per Cent. Bonds authorized to be listed $56,090,400, and of Four per Cent. Bonds $78,689,- W. 100. 1904. Respectfully submitted, Wj\'I. THE AMERICAN TOBACCO COMPANY, By — GRANBERY, —The forty fifth Chairman. Secretary. Adopted by the Governing Committee Jan. Pereival S. Hill, Vice-President. Northwrgtern Ohio Natural Gas Co., Toledo, Ohio.— Reduction of Stock, The shareholders on Jan. 2 voted to reduce the capital stock from $3,330,3!)0 to |3,775 250 by reducing the par value of shares from surplus, from f80 to $50. Compare V. 79, p, 2151. McCLURE, H. annual statement of the 12, 1905. H3me Life Insur- Company shows assets of $16,806,329, an increase during the year of $1,508,388. The amount reserved for the guarantee of the policy contract obligations is now $15,073,548, of which $l,290,0b6 is the present value of the deferred dividends. Tne amount paid to policy-holders during the Phillips Gas & Oil Co,— Consolidation —This company has was 11,601,985. The excess income of $1,205,283 is been formed in Pennsylvania with $2,000,000 authorized year greater by nearly $200,000 than any previous year, and is capital sfook by mereer and consolidation of the T. W. Philthan to provide for the increase in policy remore lips Gas OJ Co., Home Natural Gas Co. and Enterprise serves, &e.,sufficient leaving a balance for surplus accouLt. In addiNatural Gas Co., forming T W. Phillipa Qas Oil Co. tion to this, the company has voluntarily set aside a fund of DlreotOfB T. W. Phillips. Jr., Treasurer, New Castle: T. W. PhllllpB, Ben. D. PbllDps, New Castle H. C. PbUUps, Clarence Walker, Batler. $228,211, equal to the maikat value of the stocks and bonds owned over the cost value. The annual income shows an —V. 71, p. 7C0. Pittsburgh Coal Co.— Subiidiary Declares Dividend. —See increase over the preceding year of over $287,000, and amounted to $3,722,630. MonoDgahela River Consolidated (Joal Coke & ance & : ; & Co. above. V. 79, p. 2899. Port Arthur Canal & Dock Co.— Mortgage.— Thia company, successor of the Port Arthur Channel & Dock Co., has made a mortgage to the Equitable Trust Co. of New York, as trustee, to secure a $1,000,000 1st mortgage for 5 p. c. gold bonds due Jane 1, 1954; interest payable June 1 and Dec. 1.— V. 71, p. 60 i. Pressed Steel Car Co.— Favorable Decision.-— The Supreme Court of Pennsylvania has aflarmed the decision of the lower court requiring the Standard Steel Car Co. to return the blue prints, or tracings, in its possession, showing the design and construction of cars which it has built or proposes to build. The Court holds that no person receiving the blue prints sent out by a manufacturing concern "has the right to deliver them to acy other pergoa, especially not to a competitor of such manufacturer." E Z Smith has been appointed Master to take possession of the blue prints and copies thereof, and to determine the damages to which the Pressed Steel Car Co. Is entitled. See V. 77, p. 301.— V. 79, p. 2646, 2476. Lease.—See Illinois Car Equipment Co. abova.— V. 79, & p. 2799. St. Louis Car Co.— Extensions.— Conoermng the report that the company has acquired a building for the manufacture of automobiles and contemplates an increase of the capital stuck from $2,500,000 to $3,000,000, wa are informed that the matter has not yet been brought before the board of directors, so that no official announcement concerning the same can be made.— V. 78, p. 1227. Standard Steel Car Co.— Deemon.— See Pressed Steel Car Co. above.— V. 78. p. 1786. Tennessee Coal, Iron & B.R.— Listed.— The New York Stock Exchange has listed |619,000 additional general mortgage 5 per cent bonis of 1951, issued for refunding, making the total listed $3 619,000. Tne company is entitled to have outetandiDg 11,966,000 of these bonds (but has not issued f 1,347,000 thereof) as follows : STATEMENT OF 14,986,000 OENEBAL MOBT. BONDS ISSUED AND ISSUABLE. Additions and Improvements to steel plant .$1,401,872 _ do do to blast furnaces Development and improvements at coal mines do do at ore mines _ To reimburse treasury for cash paid out in the puroliase of existing bonds 1,509,772 508,189 928,667 619,500 Earnings.-For the 9 months ending Sept. 30 earnings were: Net earnings Oharges Oepreolation —V. 79, p. 1268. $1,191,075 584,171 211,635 Dividend on preferred stock Balanoe, surplus $14,440 380,829 Tonopah Miningr Co.— Bedvction of Stock.- See Tonopah Railroad Co. under "Railroads" above.— V. 78, p. 1553. United States Cast Iron Pipe & Foundry Co.— Dividend Increased,— The directors on Tuesday declared a quarterly dividend of 1% per cent on the preferred stock, thus placing the stock on a 7 p. c. basis. The company has declared dividends on its preferred stock (7 p. c. non-cumulative), fl2,600,000 now outstanding, as follows: i)e<., 1899, to Jun?, 1900. 7 p. c. yearly. Bept.WOO, 1 p. o. to Jwie.'Oi. yearly. Sept., '04. IJ^f Dec.,Oi. iji Mar. '06. i^ The dividend now declared is payable on Mar. 1 to holders of record on Feb. 8.— V. 79, p. 632. Western Steel Car A Foundry Co.— Lease. -See Illinois Car & Equipment Co. above.— V. 79, p. 2800. — The Home Insurance Company, New York, has issued its one hundred and third semi-annual statement, and a summary appears in our advertising department The details are more than usually interesting, the net surplus having now reached $7,376,321, over $300 000 more than last year, and the surplus as regards policy holders $10,376,821. The company's assets foot up the large total of $19,417,330. A semi-annual dividend of 10 per cent has been declared, an increase of 8 per cent over a year ago, We have received from Messrs. Morris, Brown & Co. of Pittsburgh a copy of a very interesting booklet containing useful information regarding corporations whose securities are dealt in on the Pittsburgh Stock Exchange, with a complete record of sales and price ranges since the organizition of the exchange, April 1, 1894. It contains also statistics regarding the Pittsburgh Stock Exchange, Pittsburgh Clearing House, Pittsburgh Custom House, etc. Oa the 11th inst. Charles D. Hamill, for many years a prominent member of the Chicago Board of Trade, died at his home after an illness of two months. Mr. H tmill moved to Chicago in 1851, and for several years was identified with backing interests, first in the private bank of his urcle and later in the Marine Bank on Lake Street. Ernest A. Hamill, President of the Corn Exchange National Bank of Chicago, — — a brother of the deceased. second annual edition of ''Moody's Coupon & Dividend Register," compiled by the Moody Publishing Co., 35 Nassau St.. has just been received from the press. The 280 pages contain over 16,C03 bond Issues of all kinds and descriptions for which are stated the places wh^-re coupons or interest are payable. The book ia bound in fi xiblw leather and will be found convenient for reference by bankr-rs and is —The brokers. —The fifty-fourth annuil statement of the Mmhattan Life Insurance Company, which appears elsewhere in our columns, shows the company has made solid and substantial gains duriag the past year. The assets, surplus and total insurance in force show handsome increases. The total receipts during 1904 were $3,557,913 and the total disbursements $2,898,009. — Messrs. Sanford & Kelley, bankers and brokers, of New Bedford, Mass., have issued the 1905 edition of their very intt^resting pamphlet containing statistics relating to the cotton and other manufacturing corporations, and the national banks, savings banks, etc., of New Bedford. It also gives a financial review of the year 1904. —Messrs. Henderson & Howes, of Boston, Mass., have removed from 110 State Street to 35 Congress Street. A second edition of Statistics of the National Banks and Trust Companies In Boston has been lesaed by the firm. The previous edition was published in July, 1904, —Charles 8. Tuttle, Alexander Smith, Frederick K. Root and Joseph L. )ore, all employees for many years of the prominent Chicago Investment and backing honse of Peabody, Houghteling & Co., have been admitted to an interest in the business of the firm from January 1. —The Stock Exchange firm of Messrs. King, Hodenpyl & Co., 7 Wall Street, has this week taken over the business of Messrp. Warren, Andrews* Co., 15 Wall Street. Mr. Andrews of the latter firm will have charge of Messrs. King, Hodenpyl & Co.'s bond department. M THE CHRONICLE. 170 COTTON. Wommzxtml ^imjes* COMMERCIAL EPITOME "ght Fridat NiaHT, January 13, 1905. resumption of business activity has been experienced the past week. Reports from the iron and steel trades have reported heavy buying, large consumers having contracted freely against prospective requirements. In dry goods circles buyers have been reported giving close attention to the market for cotton goods, still their purchases h^ve not been heavy, they being held in check by the unsettled state of the market for the raw product. A good business has been transacted in leather and for some grades A general Fbidat Niqht, January 13, 1905. the of Cbop as indicated by our telegrams The Movement from the South to-night is given below. For the week ending this evening the total receipts have reached 181,154 bales, against 200,167 bales last week and 225,751 bales the previous week, making the total receipts since the Ist of Sept., 1904, 6,221,583 bales, against 5,654,413 bales for the same period of 1903-4, showing an increase since Sept. 1, 1904, of 567,170 bales. at— Eeeeipts dicating that the President intends to push a revision of tariff schedules and the giving to the Inter-State Commerce Commission power to fix railroad rates, has attracted wide among merchants. sale, the Continent. Speculation in lard for future delivery has been fairly active. There has been fair buying, but under large receipts of hogs prices have yielded. The close wa^ firmer on buying by packers. DAJStX OLfSIiia FSIOBIil O? IiABD VDTimiSB IM OHIOAOO. Frt. Shurs, W«d. Mon. fKZS 8at. 6-62i« 662i« 6-65 6-60 .... 6-65 Jan. del'y 6-87ifl 692^ 6-82ifl 6'87if 6 85 685 Mayrtel'y 7-00 695 8 95 6-95 6 97*9 6 95 July del'y Pork has had only a limited sale and prices have declined to |12 60@13 35 for mess, $13 75@16 00 for short clear and $14 00@15 00 for family. Business in the market for cut meats has been slow and the tendency of prices has been in buyers' favor, closing at 8J^o. for pickled shoulders, 85^@9c' for pickled hams and 6^@73^c. for pickled bellies, 14@10 lbs. average. Beef has had a limited sale at steady prices, closing at $9 00 for mess, |10 50@11 00 for packet, $11@12 for family and $16 00@18 00 for extra India mess in tcs. Tallow has been quiet at 4%c. Stearines have been dull, closing at 7@7i^o. for lard stearine and Q}4@^Hc. for oleo stearine. Cotton-seed oil has been more active at lower prices, closing at 22%@23o. for prime yellow. Butter has been in fair demand and steady at 19@29i4c. for creamery. Cheese has had a fair sale at firm prices, closing at %%@V^}iQ. for State factory, full cream. Fresh eggs have advanced. Brazil grades of coffee have had oaly a moderate sale, demand not coming up to expectations, and there has been a slightly easier tone to the market. The close, however, was firmer at 8J^c. for Rio No. 7 and 9%@9i^c. for Santos No. 4. West Icdia growths have had a fair sale at steady prices, closing at S3^@9^c. for good Cucuta and 1114c. for good average Bogota, dpeculation in the market for contracts has been fairly active. Speculative holders have sold to realize The profits, and there has been a slight reaction in prices. close was firmer on light offerings. Following are the closing asked prices 8'S5c. 8'05e. Aug 7-600. May.....«» Jan 8-150. Sept 8-45o. 77O0. June Feb 8-250. Deo 8-70o. March.. .„.„. 7-80o July prices, closing advancing at Raw sugars have been active firm at 5 l-16c. for centrifugal, 96-deg. test, and 4 9-16c. for muecovado, 89-deg. test. R-fiaed sugar has been in good demand and higher, closing at 5'95c. for granulated. Teas have been in fair demand and firm. Kentucky tobacco has been in fairly active demand and at firm prices. Seed leaf tobacco has had a free sale. There has been good buying of the new Connecticut, Havana seed, Pennsyvania broad-leaf and Zimmer Spanish and at Sumatra and Havana tobaccos have continued full prices. a fair sale at firm prices. with to meet The dfmand for Straits tin has been limited, and under freer offerings prices have been easier. The close was steadIngot copper has been in good deier at 29'17>^@29*25c. mand, but tne close was quieter at 163^@15^^c. for Lake and 15@15Mc. for electrolytic. Lead has oeen steady at 4 -700. Spelter has advanced, closing firm at 6'15@6-25c. Pig-iron has been in active demand and firm, elobirg at $17 50@17 75 for No. 2 Northeru and $17 25@17 50 for No, 2 Southern. Refined petroleum for export has been easier, and closed 36 181 186 Sri. Total. 4,126 1.864 8,592 36,405 12,180 84,158 5,177 708 124 47 161 2,713 4,036 1,087 495 18,047 4,036 1,698 1 1 Norfolk.... .... N'p't NewB, Ac. and as the York. declined. New have prices free moderately offerings have been Boston The close was steadier at 7 05c. for prime Western and 6-25c. Baltimore for prime City. The demand for refined lard has been quiet PhUadelp'a, *o and prices have declined, closing at 7 10o. for refined for Tot. this week. Lard on the spot has had only a limited Thurs. 4,722 7,304 10,393 4,723 6,137 Pt.Artliar,&o 10,318 New Orleans. . 11,019 13,263 20,058 17.006 14,220 373 20 1,147 926 2,003 Mobile 111 230 30 Peneacola, &o. Savannah 2,949 2,558 4,170 3,527 2,130 Brunsw'k, &e attention Wed. Tue$, Galveston Oharleston .... Pt.Boyal.&e. Wilmington.... Wash'ton,&o. The news from Washington Mon. 8at. in- prices have been advanced. [Vol. lxxx. 261 313 130 274 123 370 1,471 1,193 1,533 1,841 1,364 1,586 2,788 10,305 211 289 816 163 782 816 868 284 697 200 108 202 2,879 2,330 2,879 94 298 40 100 64 252 31,868 27.5631 37.900 28.340 24.341 81,142 181.154 The following shows the week's total receipts, the total since last year. 1, 1904, and the atocks to-night, compared with Septc 1903-04. 190405. Receipti to ThU 1, 1904. 1 722 1,471 Wilmington. Wash'n, &o. 10,305 Norfolk 816 N'portN.,&c 858 New York... 2,330 Boston 2,879 Baltimore. 298 Phlladel.&c. 264,732 122 454,003 5,439 14.824 39,318 24,102 6.825 177,428 168,192 434,895 62,088 428,377 32.168 91.152 17,825 27,237 111,387 8.412 10,122 4.218 13,986 336 364,640 28,808 7,853 3,705 9,401 15,296 6,277 86,142 2,309 7,207 1,S89 20,278 2,082 69,904 32,000 6,913 4,595 181.154 6,221,582179,459 5,654,412 941.213 908,316 . Totals 1904. 1905. 49,896 1,936,799 77,725 6,794 67,264 1,452.080 4,276 171,344 293 100,365 22,548 962,832 105,830 8,641 140,943 1,341 975 21 3,001 298,511 36,405 1,805,349 12,180 127,911 New Orleans 84.158 1,606,708 5,177 216.981 Mobile 495 122,205 P'saoolo, &c. Savannah... 18,047 1,218,176 4,036 141,913 Br'wlok, *o. 1,698 171,752 Charleston.. Galveston... Pt.Ar.,&o. P. Boyal, &o. Since Sep. 1, 1903. Thit week. Since Sep. week. Stock. 1 10.552 1,648 422 965 1,793 1.004 •-««> 320 In order that a comparison may be made at leading ports for six seasons. with other years, we give below the totals Receipts at— Wilm'ton &o Norfolk 48,585 84,158 5.17? 18,047 1,699 1,471 10,305 N. News, Ac. All others... 10,896 Galves'u, &e. New Orleans MobUe Savannah... Ohas'ton. &o. ' Tot. this 55,690 67,264 4,276 22.648 1,382 3,001 10,552 816 wk. 181,154 1,648 13,1 1 179,439 1900. 1901. 1902. 1903. 1904. 1905. 872 598 281 13.467 27,805 23,674 38.983 58,069 6,060 27,556 5,373 5,591 8,786 2,403 13,365 228,486 174,064 166,175 68,620 69,325 6,551 89,223 4.566 5,437 18,083 226,094 53,479 83,307 4,901 83,319 6,78& 4,450 14,842 49,450 69,853 1.862 24,432 2,675 5,891 5,846 ; . I at 7'40c. in bbls., 10'10c,in cases and 4"50c. in bulk. Naphtha has been steady at llKc for 71 degrees and 12c. for 76 degrees. Credit balances have been easier, closing at l"43c. Spirits turpentine has been in better demand and firmer, closing at 56c. for machine bbls. Rosins have been in light supply, and prices have advanced to $3 87>^@3 90 for common and good strained. Hops have been more active and Wool has been firm. firm. Since Sept. 1 6,221582 5654,41215412,379 5398,847 5007,682|6376,939 The exports for the week ending this evening reach a total of 194,913 bales, of which 100,414 were to Great Britain, 12,157 Below to France and 83,842 to the rest of the Continent. 1904, Sept. 1, since and are the exports for the week Week Ending Jan. 13, Exvorted to— aaporU from— Qreat France] liulveiton 37.9ai Pt.Arthttr, &o. 10.316 New 29,149 Orleans.. Bmntwlok 11.820 49,701 6i,h04 4,«79' 14,55M Peniaoola,&o. 13,140 121 121 83.085 46.225 .... Charleston.... Port Koyal.... Total Total. 1903-04. 13. 1906 40.9031 610,628 209,537 37,297 17.636 45.123 17,084 214,211 18,761 91,b90 8.879 Continent. Total. 385,133 l,392.9SS 68,198 100,401 375,345 1,125,504 39,024 93,957 47.072 109,279 596,070 867,036 6,946 98,836 58.671 69.960 •• Norfolk. N'port N., &o.. Boston 3altlmore PhUadelpbia.. !an Fran.. Aa. 828.008:179.812 108.850 Wilmington... NewTork X, 1904, to Jan. Exported to— Sept. Qreat _ 2otal ^«*"* Weeh. Britain. 20,801 1.651 9,879 From \ 10316 Slobile Savannah | nent. Oonti- 1 Brit'n.'i 1906. 724 4,788 8.119 1,081 es.iio ' 6.918 251,311 13,616 7,036 20,668 18,988 318.840 86.176 88.478 24.818 70.628 1.000 12,833 118,138 3.660 26.577 12.698 917 4,086 2,777 4,186 79,331 58.331 858 600 8&8 23,821 6,842 994 70.622 ua.stii 194.913 2,V177.799 604.484 1.986,887 1,709.160 18.167 1C0.414 141.999 11,938 188.269 7,181 flOO 3.662 I 60.318181.34(1 1.690.215 558.649 1.916.021 4.164.885 . . . THE CHKONICLE. Jan. 14, 1905.] In addition to above exports, our telegrams to-night also give us the following amounts of cotton on shipboard, not cleared, at the ports named. We add similar figures for New York, which are prepared for our special use by Messrs. Lambert & Barrows, Produce Exchange Building. 171 Fptubes.—Highest, lowest and closing prices at New York. ON SHIPBOARD, NOT CLEARED FOB— Jan. 18 at— Leaving 0reat Gerother CoastBritain Fr'nee many. For'gn wise. New Orleans, ealveston.. .. 8ayannah.. .. 84 1,220 1,400 3 700 MobUe 7',6o6 2'806 Norfolk BTew York.... Other ports . 3,o66 7,000 "200 i'obo "500 2,000 1,000 i',9"oo stock. ' 14,146 19,048 16.505 30.267 26,544 8,091 21,017 8,946 10,200 Charleston... Total 1905.. Total. 1,400 12,000 80,150 65,818 11,600 700 13,100 12,000 4,700 10,000 57,690 30,189 42,428 50,913 16.904 198,068 354,745 111,610 79,552 26.537 48,983 18,808 81,442 23,468 MM MM o>ao I I O© MtO OlP> d & I tOM MM • I I MtO M-J OKI 05M QO i « I ' 00 k9 "•03 Mien o) m6 o ocs OS M^ MM 643,709 886,643 -a •a -a <j-j •aw tOM MO) M 00 -a«j 0505 aai I 9 «oco OJM i ^ I- Itk a. 05 •a QDW «SCD WOO 05 ® 5 ! 'ir •J-sI 05 C5»3 00 ©tM(0 00 tots 05 05 05 o ' o w 66 IB) «q.a Mta •0 05 I <<| « »3'sl M IS> 743,145 66 I 01 9 «<^ MM •JO * QOM «a^ «a<i Total 1904.. 66.371 21,043 129,354 24,305 23,534 264,607 Total 1908.. 59.089 41.491 60,a8o 42,755120,196 224,616 ' ' •"^ a. COS) 66 05 0) Speculation in cotton for future delivery has been moderMM 6 00 toco •i<i MM 0000 MCO obob do M 00 •) ©to ately active, but at lower prices, they showing a moderate IS » decline for the week. During the fore part of the week nuMO o <I-q 9"? OO ot<3 os»3 aa 0505 0305 ©5 merous reports were received, principally via New Orleans, MM t3 COM CX3© 050 •oco •300 •3 00 •J MtO to t' © eo«4 00 00 COcc 05 CC to -3 that there was more readiness to sell holdings of actual cot•q -a-J ton at points west of the Mississippi. With these reports »305 <t0a 0505 05 05 ©© tON^ m6 M CO ©CO CCD CO 00 <0«j 00 00 to 05 came predictions of an increased movement of the crop. -105 MO> MO o MCD S3« Bear interests became quite aggressive, and under their sellMI « Id Id # i-'S ing values weakened, uncovering stop-loss orders, the execu«3© *?-?-?-? CR© 05O II ^i M v.' 66 66 «0 tion of which added to the weakness of the market. During 00 66 dbob 05 000 MM CO 00 tS»9 Klt9 00 li>M the latter part of the market there appeared to be a steadier 00 ©05 05 aci 05 ©© <R© © undertone. Fairly free investment buying developed, and 6>^ 66 «6<s obob -4 -a 00 ob«a o the predicted increase in the crop movement failed to mateoo© Mi» ©00 ot coo © OOQ o MM Sh ^ d 4 « $ ® ^ « Id «» rialize. To-day there was a moderately active and steadier M^ 0<J 00 ©O ©O O) ©© a market. The amount of cotton "in sight" for the week was -?-? ©a MS ©M |_tO ©M CO© CD© oc CD CO •J o 00 small, showing that the South continued to hold cotton, OIM ©00 Ol^ ©o 00 ©o MOO CO Short sellers in some instances showed nervonsnegs, and 00 o o^a 00 00 ©» ©© ©© © ©© their buying to cover contracts advanced prices. The close >-'>-> M ^M 66 66 66 coco 00 00 OD 00 cnoo M O© OM MM ©M M© ©to OCn was at a reaction from top prices at a net gain for the day of 3 o « « d « points. Cotton 4 to 8 on the spot has been easier, but closed mS 00 00 O 00 00 ©o ©© ©© ©© ©© M* at an advance of 10 points for the day at 7*20c, for middling M MM ff ©M CD CO 66 OOCO 66 ooc OBOO OM cn »0j^__O*' 0»i" Ollk MW COM uplands. The rates on and off middling, as established Nov. 18, 1903, <! © © •9 © © 01 © to M © CO 00 o 6 ob by the Revision Committee, at which grades other than <t 00 © 00 © O M ex lb. o © o M middling may be delivered on contract, are as follows. 9 9 Fair 0. 1-30 on Good Middling Tinged ..c. Even o o Middling Fair 0-96 on Strict Middling Tinged.... 006 off 1^ M M M M O © o to © © 0*62 on Middling Tinged Strict Good Middling O M M M 0-12 off M 0*44 on Strict Low Mid. Tinged ... 034 off Good Middling The Visible Supply of Cotton to-night, as made up by 0-14 oflf Low Middling Tinged Strict Low Middling 0*50 off 0*38 off Strict Good Ord. Tinged .. 084 off cable and telegraph, is as follows. Low Middling Foreign stocks, as well Strict Good Ordinary 072 off Middling Stained 0-50 off as the afloat, are this week's returns, and consequently all 1*00 off Strict Low Mid. Stained... 1 06 oft Good Ordinary foreign figures are brought down to Thursday evening. Strict Good Mid. Tinged.. 0-30 on Low Middling Stained 1-50 off But to make the total the complete figures for to-night On this basis the official prices for a few of the grades for (Jan. 18), we add the item of exports from the United States, the past week— Jan. 7 to Jan. 13— would be as follows. including in it the exports of Friday only. I I 1 I I , I I I I ' I I I i • I l-i f.^ ' I ' c^' i I I I I I I I I I I I I I ' I 1 I J I * I ' . . , < ' , ' '£> < ! I I ' UPLANDS. „ Good Ordinary Loir Middling IfWdllng Good MFddling '.\ Middling Fair GULF. 6-30 6-92 7-80 7-74 8'26 615 6-30 «-92 7-30 7-74 836 811 811 6-55 ,, , Middling Fair 7-55 7-99 8 51 STAINED. Sat. Low Middling 5-80 6-80 6-96 Middling ... 6'65 7-17 _ 717 . Low Middling Tingedl.'. 755 799 8-51 Good Middling Tinged Jfvl. 610 6-20 «-82 7-20 6-72 716 715 710 7-59 7-59 7-54 8 06 V64 816 Tin. Fp4. 6 85 Tnes TTed 6-40 7 '02 7-40 6-40 7-02 7S5 784 740 6*45 7*07 7-45 7-84 8'36 7'79 8-31 V89 8-41 Til. Frl. 5-60 5'70 6*70 6'86 7-20 8-36 mon Tnes W«d 5-80 6-80 6-96 7-30 Tfe. 6-15 6-77 6-77 Sat. ItlOIl f^nnA Ordinary Low Middling'. Middling..... Gh)od Middling Strict Mon Tae« Wed Sat. 5-65 6-97 5-65 6'65 6-81 665 6-81 7-15 660 6-76 730 715 7i0 middling upland at New York on Jan. 13 for each of the past 32 years have been as follows. The quotations 1905. ...0. 7*20 13-80 1904 1903 1902 1901 1900 1899 1898 for 1897, 1896 8-S5 1895 8I4 1894 1018 1893 71I16 1892 .C. ... ... ... 75i6 8I4 5% SH 1889....C. G's 1888......107i6 1887 91a 1886 i^ia 1885 liiia 1881... .0.11 i5ie 1880. .....IZ's 1879 1878 914 11»9 .....13i« 1877. 13 1« 15 1875 lOBje 1890 1882...„.„12 1874 l^H Note.—On Oct 1, 1874, grades of cotton as quoted were olianged. According to the new classification Middling was on that day quoted %c. lower Shan Middling of the old olaesiiioation. 6iie 5iBie 1891...... 713 93S 10i« 1884......10nie 1876 1883 MARKET AND SALES. The total sales of cotton on the spot each day during the week are indicated in the following statement. For the convenience of the reader we also add columns which show at a glance how the market for spots and futures closed on same days. Spot Market Olosbd. Futures Market Closed. Saturday.. Qnter, 5pts. dec B'rly steady. Monday Quiet steady Tuesday . . Sales of Spot Ex- Oon- Con- port. sump. tract. Qa)«t;.15pt8.dc B'rly steady. .... Total. 455 455 ...a Wednesday Quiet.. steady Thursday.. Wulet, 5 pts. dec. steady ...... Friday Quiet, 10 ptB. ad. B'rly steady. Total & Contract. 600 3,783 1,025 1,600 1,500 i09 200 809 4,772 2,300 7.072 8.183 1.025 ' 1905. 1904. 1903. 1902. stock at Liyexpool.„.p», bales. 929,000 615.000 619,000 900,000 at liOndon stock 1 2,000 1 2,000 . .._ .„...„ .h.~ 5,000 5,000 Stock at Manolie8ter...o. ..>.«» 42.000 73,000 Total Qreat Britain stock. 983,000 700,000 624,000 905,000 Stock at a«inbarg....^.M>.„«^ 15.000 8,000 9.000 11,000 Stock at Bremen...^ ....»„ 371,000 356,000 180,000 211,000 Stock at Antwerp .....^ 4.000 4,000 4,000 3,000 Stock at Havre..— ..«.^....^M>. 182,000 233,000 140,000 180,000 Stock at M»BBeilleB..c...^...^. 3,000 2,000 3,000 2,000 Stock at Barcelona.. „™=,,«.^ 46,000 37.000 63,000 37,000 Stock at aenoa..30.000 35,000 34,000 39,000 ..-.>...... Stock at Trl este . .„.^ — .«, _^ l.OOO 1,000 2,000 3,000 Total Continental stocks.. 654,000 698,000 367,000 480,000 991,000 1,3S5.000 Total European stocks 1,637. OOOT73^87ooo 43,000 India cotton aSLoki lor Kurcpe 97,000 103,000 78,000 Amer. cotton «float£orS!'rone. 630,000 615,000 714,000 S72,0O0 Egypt, Brazll,&o., %Qt.f or E'pe 66,000 £6,000 68,000 61,000 Stock in Alexandria, Sgypt... 200,000 233,000 183;000 229.000 Stock in Bombay, Indlia.. ..„.., 342,000 226,000 316,000 2S1,000 Stock in United States ports.. 941,213 908,316 1,111,059 1,033,744 Stock tn {]. 8. Interior towns.. 746,039 494,520 504.876 66V,S41 United States •sxportsto-day. 1.786 24.458 70,663 17.208 Total visible supply ..4,b5i5,6«0 4,031,62ii 4,013,393 4,437,738 Of the above, totals of AmerJoan t%nd otber aescripticms are as Hollows: ^ Amertsan— 862,000 536,000 544,000 803,000 62,000 34,000 Continental stocks 610,000 670,000 346,000 446.000 American afiloat fox Jiarope. . 630,000 615,000 714.000 672,000 United States stock.— ..«..,. 941,213 908^3) 6 1,111.059 1,033,744 Doited Stateslnterlor stocks. 746,039 477,520 504,876 667,341 24,458 70,653 1.786 17.408 iinitedS^atesezports So-day. Sotal American.. ...k™,„, 3,840,660 3,287.622 3,244,393 3,692,738 Matt Indian, Bratii, Ai.— 97,000 75,000 79.000 67,000 CdTerpool stock.,....,,.. ..-...»„ 5,000 6.000 London stock - 12.000 12,000 -•• 11,000 8,000 Manobester stock „ „„ 34,000 21,000 23,000 44,000 OoatlnentalstocKB..,,.- .«-..4|.ooo 97,ooo I03,ooo 78,000 inaia afloat f or Bturope....^ 66.000 „56.000 61,000 68,000 «ffypt,Braiiill, Ac, afloat...,Stock fn Alexandria, Egypt... 200,000 233,000 183,000 229,000 Stock io Bombay, ladta..!,^ 342,000 226,000 316,000 '.^83,000 Xotal Bast India, *€....»» 812(k;o 74i.coo 7ti9,ooo 745,000 TotriAmCTioan'!.Tznrr: 8,&4o,66o 3,2 87,622 3.244.303 3,692.738 Total visible Sapply.......4,66Zai6_0 4,03 l, '322 4,013,393 4,437^73^8 49i«d. 4S0d. 7-50d, 3 80d. aidoung Upland, Overpool.. 8I40. 8-95C. 13-80o. 7-20o. «ldailng Upland, New York., „Sii|d, 7i3jed. 6d. 7J4d. SgyptGoorfBrown, Liverpool 7*3ud. 7d. 9'75d. Pern r.BonghGtood, Liverpool l0-40d. 4%d. 49i6d. e'ad. 3i5ied, Bjroach inne, Liverpool 408d. 408d. 6%d. 4ii6Cl. Clnnevally Good. Liverpool... Continental imports past week have oeen 168,000 bales. The above figures for 1905 show a decrease from last week of 5,851 bales. » gain of 631,088 bales over 1904, an excess of 639,287 bales over 1903 and a gain of 214,923 bales over 1902. CilTsrpool atoote bales. DSanehester stock.. ..„„ ^" THE CHRONICLE 172 At the Towns movement— that tb© »ffeceipts for the week and since Sept. 1, the shipments for the week and the stocks to-night, and the same items for the corresponding period of 1903-04— is set out in detail below. P P ma «<< • ® »* Interior _ 09 09 S is aggp5&B|E<5 &220g5-*pBg 5.B P*B»(» o PgEgot: B _ 0= <j to '<^ o < 9 the H a goSng 3 — Quotations for Middling Cotton at Other Markets. Below are closing quotations of middling cotton at Southern and other principal cotton markets for each day of the week. Jan. 13. Sat'day. Galveston... fhe Mobile ...... Savannah... Charleston Wilmington. Norfolk Boston : C01-' M(f^i-'i-'«i W © <1 10 l-i M ©boo'if'- H" I-' - •^i©o:(C^MioiP»ci5c;ita©H<i-'©i^!Ci-' ^he 65l6 7 7 e'e e-'s C'8 7 7 658 e's 7 6% 6% e'e 6''8 6'8 7 6% 6\ 6% e-^s 6\ 6\ Q\ 6% 7ie 7i« 718 7-10 7-25 7-45 7i« 7^ 7 30 715 7-15 725 7-25 755 7-26 7-40 7-2.5 Augusta 7-55 7ie 7-SO 7-25 7-40 Memphis.... 7 7 7 7 6% 6% 6% 6'8 7 7 7 7 7h« 638 6iBie 6hi 6iB,e Little Rock.. 7I18 6I2 6'B,e 61s eifl 7 7-35 7i« e's Houston Louis.... 7 7 7ie 8t. 09 CO Monday. Tuesday. Wed'day. Thursday Friday. 7-35 Baltimore... Pbliadelph'a .«p; g: CM— OLOSINO QVOTATIOMS FOB MTDDLIHO COTTOM Week ending New Orleans o [Vol. lxxx. 7 615,8 e's 61B18 6% oc|(i©ao^i©aDl-'l>J^3CO©o©-^©©0'»©^c"©•.0©ODl^co©«w© *^©05©COUi©«<JH-«Ir-C;<b3W®©090Q©©<10W(»bSOO»0©h-tOt3r- © lU CO M M 05 )_• The closing quotations to-day (Friday) at other important Southern markets were as follows. to »- <» 1-1 K) 0D©b3<lCO »1 en 00 © Ol CO 00 CO«J© ©«J©Ki bS©©© bS C0^a-_COQn»-aD0CMWW©COij-'Cn;-5C0_C0rf^Wtf^»MH'pj^ ©'-J aoVowlo"'i. 1^ m c o'^Vsod oo^"©""© m '»->V"<l oi'toao <> w 09 CO OD Columbus, Qa. Columbus.Mies Va V c;icocotoo©h-i^w©oi©*^'*co»5.TaoMK>^to*>.0'»^w-i-j©ac<i . l-'©C0©Oi|f-©'>4a'©CbC0r-©l->t0ll^©t3l->>-'ViU<-4kSC0K<a0|^O|(^t^Cn CO Vi©OT 09 © ©©'cceoooViH>o-Vio«o 0500 ©"If^ ©©h-©" i:j<h-©f'-^Q0e)'e0Kl«O<I©©05'">-'OO©«©W©rTH"-'(C05"J<CDQr©© 09«J©©i^©Wh-bai-'CKi*©O:©S>©ts^»JI-'^-C;tX©Oi00t-09©C0k0© h-IO-ih-Kl C'OOMH't, ST Sat'day, V, COHhSl^. 09 <1 0> (-"pi^;- "^ 00 oocc'iol^ Qc b> Wk:'© O low COOrlOh3©CC0909tOOC|P.090©X|^0<lrt3UIW^iyittWCO-J'©©5C|f^)P» CO VlOD oD ©'tc'c*; botOK Wot Vi© cl^- ©"cijc'-^'tv'© Jan. < Range . Closing.. >-• Range m'w t-" o 00 to"© co'b' to bs"© c'*if>-":c o M i^© t-i'v' © ©lo'io © >-'"io'<i »j © c;ito<i©to>-©M©c;'cr-<l«3©©OtiOto-jcnac#.(x©©©Ci9CC«i(oo5© if'*'0-j*-0©cr©'^if'©t«jcoaco:oc^w©©or'eoh-atoto©-«)*>.>-'© © 0< H" to «0 -to>-'05i-'©o<©oioo©iB09© lt» M !-• wcc© wl^<i "In w to 'tf».Vi"tf..lq ..... 6''8 Shreveport.... eUja Monday, Tuesday, Wed'day, Thursd'y Fnday. Jan. 7. 9. Jan. 10. Jan. 11. Jan. 12. Jan. 13. 6-80--91 6-59--77 6-80-81 6 59--60 6-83--01 6-67--85 6 7;--68 6-63-80 6'67--87 6-73--85 «-79--80 669-70 6-78--79 6 75--94 6'71--89 6-88--89 675--95 6-78--79 6-82--94 6-86--87 Closing.. 6 88-89 Range.. 6-97--12 6-97--98 V Range.. 7'10--20 Closing.. 708-09 £ Mat- 6-75--76 July— s? --) rf^ Ifi J-^ . Closing.. ^ to H< ^ © ti^h^f^ '"'^.t^Pi^P <1 CO 00 M © eo«iAc;<Qo<jkOMC;<ooo>i-' © © «> O W © ~J M to *©©©''- lo''«c>'lo'« Nashville Mabch— t3 'f ©©•-•©CO 6^ Jan' ART or CO 6II18 Raleigh .So i^<]if>'0.ao09i;^'©Qoc;<^>4i-o9©tv©o©o©09©©oco©co)->aao©© CO* CO Natchez 6 5i Montgomery Orleans Option Market.—The highest, lowest and closing quotations for leading options in the New Orleans cotton market the past week have been as follows. to 09 iMSStOMUf-'l-' CO CO ^JP'l5H'IOO'C0H-pM<l_;5: ©aOU<_;-l 7 . . Louisville 6i6 New »s'^ o 6% 6% Atlanta lfi>- — cob' w©to©f^N:ifii.cc!©t;h-'if^©©-*ooco©^ah'k5©-JifO«i©OD^<ia© Wi-Coo;*^cn.ci-'o<M»o©a.^»J©ao©CK©x©if>'Oo©«q©©©i(^©oo^ 6-61--73 6-72--73 6-62 --78 6'ti4--65 6-68 -78 673-74 p< ACGPST— Range.. Closmg. — — _ _ 6-82-'00 6-98-'99 6-87--06 6-86--87 6S8--89 6-92--04 6-96--97 — 6-95 6-95- 6-93- - 700- 6-87--.^5 — _ _ -- — - - 6-91--93 7 02 Steady. Steady. Qnlet. Easy. Steady. Steady, Steady. Qnlet. Tone— Spot M W ©01 h-" 1- M rfi OC ifeVl « CO <l"*>- O CO <l Vl t5 W VjVj^l tg tS CO Vl *>.'« I"" to t-'0<)ixto~(f»wt-'Qooooi©>-(f-©-iC;'tO'-'Ot»3i(i-<)if«.a'©ooaih-<i© 00 Options. wiio©»iyiQoo<aDt3»-©©V'©w©c»3cc©©©©f-©c«3 0Ti-'<i©Qc©if>. f to ^' t4 I— to M W - © 1^ © K» <i ? 01 ©M ©"tc 01 Vs © w o © ©Vj ©oot.-'t^V ©©'© 'c©tOr-lfki(kC>^-t0CII|^r-Cr|-'«at0Ch-'i;>O 00 if^ CO to >-' tji c;> to'i-' M ^c^ to Steady. Quiet. Weather Reports by Teleoraph.— Oar to COlf>.tSr-©(»>090©ffif>.tO ^JtcwVioo^i CO toccoo'^ o c» I^OW<ltv|^0*'»l©l-'H' ll^»©©h-©«J»ivt©MtOCOI-'lOtf'Oi-'tOK!©Oi©©©»J<Jlf^ — f-©»Jt0 The above totals show that the interior stocks have decreased during the week 11, VM bales, and are to-night 551,519 bales more than same period last year. The receipts at all the towns have been 27,589 bales lesa than same week last year. telegrepbic advices from the South this evening denote that the weather has been rather unfavorable at many points during the week. Bain has been general and in a iiumber of localities the precipitation has been heavy. According to our correspondents' reports bad weather and the disposition to hold cotton are responsible for the restricted movement of the crop. Overland Movement foe the Week and Since Sept. 1.— Oalveston, Texas.—Yeiy little if any preparations are We give below a statement showing the overland movement being made tor planticg. I5 is generally conceded that there for the week and since dept. 1, as made up from telegraphic will be a large decrease in acreage in Texas, Toera has been The results for the week ending reports Friday night. on three days during the week, the precipitation being Jan. 13 and since Sept. 1 in the last two years are as follows. rain inches and thirty-two hu'adredths. Thermometer two 190405. January 13. Week. 1903-04 Since Week. Sept. 1. Since Sept. 1. Shwped— Via Via Via Via Via Via Louisville 3,95-! Cincinnati.................. 3,151 7,693 285,838 185,428 29,856 50,928 34,970 134,533 40,840 721,553 50,576 631,874 6,365 4,184 1,239 85,069 6,899 20,476 1,175 34,679 19,341 23,999 8.C02 112,444 5,757 78,019 32,838 609,109 44,819 553,855 Lonis. Cairo Rook Island 16,003 8.534 1,498 8t. other routes, &o.... Total )^08s oyerland. ... Deduct shipments— Overland to N. Y., Boston, &o.. Between Inland, towns from South 39^ Interior <feo., Total to be deducted Leaving total net overland".. 27,700 6,575 3,085 1,714 10,62 i 37,567 17,915 128,399 880 398 260,801 178,093 9 099 movement by rail to Canada. The foregoing shows that the week's net overland movement this year has been 32,8ii8 bales, against 44,819 bales for the week in 1901, and that for the season to date the aggregate net overland exhibits an increase over a year ago of 55,254 bales. Including 1903-04. 1904-05. In Sight and Spinners' Week. Receipts at ports to Jan. 13 Since Week. Sept. 1. Since Sept. 1. 181,154 6,221,582 179,459 5,654,412 32,838 609,109 44,Hl9 553,855 13... 44,000 788,000 42,000 789.000 Total marketed 257,992 7,618,691 266,278 6,997,267 684,379 * 17,037 482,918 Interior stocks in excess..... .... •17,066 Came Into sight during week. 240,926 Total in Bight Jan. 13. Movement 1903 -Jan. X902-Jan. 1901- Jan. 1900-Jan. 16 17 18 19 249,241 8,363,076 North, spinners' tak'gB to Jan. 13 * Decrease during week. Week— the lowest 80. have had rain on four days during the Taylor, Texas.— weelj, the rainfall reaching fifty-five hundredths of an inch. The thermometer has averaged 53, ranging from 30 to 76. Palestine, Texas. It has raiued on five days during the week, the rainfall reaching eighteen huadredths of an inch. The thermomet. r hag ranged from 34 to 70, avi raging 47. Rainfall for the week oue inch and Fort Worth, Texas forty-four hundredths, on four^days, Average thermometer 33, highest 53, lowest 14. AbUene, Texas, There has been rain on three days during the week, the precipitation reachiag one inch and ten hundredths. The thermometer has averaged 38, the highest being 54 and the lowest 13. New Orleans, Louisiana.— There has been rain on three days of the pust week, the precipitation reaching three The thermometer has inches and seventy hundredths. We — — — averaged Takings. Net overland to Jan. 13 Southern consumption Jan. has ranged from 36 to 68, averaging 51. Corpus Vhriati, Texas.— W^ have had rain on four days of the week, the rainfall reaching nincy three hundredths of an inch. Average thermometer 54, highest 76 and losvest 33. San Antonio, reajos.— It baa rained on three days of the week, tbe rainfall being thirty-four hundredtds of an inch. The thermometer has averaged 55, the highest being 80 and 7,430,l'85 55,087 1,263,248 109,535 1,297,253 into sight in previous years. Bales. Since Sept. 297,239 296,028 233,209 194,371 1902 03- Jan. IPO 1-0 2 -Jan. Bales. 1- 16. 17. 180001—Jan. 18 1899-00 -Jan. 19 7,372,466 7,348,605 7,i48,H29 6,371,457 56. — Shrev'port, Louisiana. Rain has fallen on four days of tbe week, the rainfall being one inch and sixty-seven hundredths. The thermometer has ranged from 29 to 73, averaging 51. Vtcksburg, Mississippi,— We have had rain on four days during the week, the rainfall reaching one inch and ninetyThe thermometer has averaged 43, peven hundredths. ranging from 80 to 73. have had rain on three days Columbus, Mississippi. of the past week, tbe rainfall being two inches and thirty eight hundredths. Average thermometer 89, highest 68, lowest 20. Little Rook, Arkansas.— The weather has been too bad for have had rain and snow on three days of the fjirm work. week, the precipitation reaching two inches and eleven hundredths. The thermometer has ranged from 31 to 60, aver- —We We aging 88. - 9 6 3 THE CHRONICLE. Jan. 14, 1905.] Helena, 4rilcafisw.— Considerable cottoa still in fields, bat It has rained on five days of the wek this wtek. (on two ot which snow and sleet fell), the precipitation reaching two itches and thirty- four huodredths. Average theimc meter 35*5, highest 62 and lowest 21. Memphis, Tennessee. Bad weather and the inclination of farmers to hold cotton has is terfered with the movement. There has been rain, enow aid sleet on four days during the past wetk, the precipitation reashing two inches and eight hundred tbp. The thermometer has averaged 83 6, the highest being 64*3 and the lowest 20'3. NashviUe, renrjessee.— Holders of cotlon show but little disWe have had rain the past week, the rainposition to sell. The thtrmom fall being one inch and forty-six hundredths. 28 to 63. eter has averaged 43, ranging frc Mobile, ^iaboma.— Cotton receipts checked by bad weather (continuous and txceesive rains) atid unsatisfactory prices. We have had rain on three days of the week, the rainfall reaching two inches and f( rty-seven hundredths. The ther mometer has ranged from 29 to 70, averaging 51. Montgomery, Alabama.— Tbe rainfall has been heavy since yesterday and rivers are booming. There has been rain on four days of the week, the precipitation reaching three inches and seventy five hundredths. Average thermometer, 47, highest 87 and lowest 26. Selma, ^iobawa.— Fertilizer men claim that nothing whatever is doing in their line. There has been rain on two days dnririg the week, the rainfall being four inches and S6vent>-five hundredths. The thermometer has averaged 50, the hight-st being 65 end the lowest 80. Madison, Florida.— It hi s rained on two days of the week. The precipitation reached one inch and twenty-five hundredths. The thermometer has avert'ged 44, ranging from 20 to 68. Augtiata, Georgrto.— Demand is good, but offerings light. There has been rain on three days of the past week, and the rainfall has been one inch and two hundredths. The thermometer has ransed from 25 to £6, averaging 46. Savannah, Gfeorgia. We have had rain on three days during tte week, to the extent of thirty-nine hundredths of an inch. Average thermometer 50, highest 73, lowest 27, Smyrna, Oeoryia.—We have had rain on four days during the week, the precipitation reaching three inches and fortythree hundredths. The thermometer has averaged 87, the highest being 57 and the lowest 31. titateburg. South Carolina.— have had rain en two days during the week, the precipitation reaching seventy-one hundredths of an inch, followed by cold wave. The thermometer has ranged from 28 to 73, averaging 47. Oreenvoood, South Carolina.— Rskin has fallen on two days of the week, the rainfall reaching seventy-seven hundredths of an inch, Average thermometer 45, highest 64, lowest 37. Charlenton, South Carolina.— Rain has fallen on three days of the week. The thermometer has averaged 49, ranging no picking — m — We from 28 to 68. The following statement we have also received by telegraph, showing the height of the rivers at the points named, at 8 A. u. Jan. 13, 1905, and Jan. 15, 1904. 13, '05. New Orleans Feet. Feet. 4-8 7-1 2-7 41 16-6 7-2 1-3 11 61 Above zero of gange. Above zero of gaage. Above zero of gange. Above zero of gauge. Above zero of gauge. Memphis Nashville Shreveport Vioksbvug Jan 15,-04 .98 India Cotton Movement prom all Ports.— The receipts of cotton at Bombay and the shipments from all India ports for the week ending Jan. 12 and for the season from Sept. 1 to Jan. 12 for three years have been as follows. 1904-05. Beeeipts at— Since Week. Bombay. Since Week. Sept. 1. 58.000 For 1903-04. 646,000 Sept. 1. 65,000 544.000 1902-03, Week. 92,000 Since September the Week. Since Sept. 1. 549.000 Great Britain. Continent. Total. Great Britain. Bombay— 1904-05.. 1903 04.. 1902-03.. Calcutta 1904-05.. 1903-04.. ...... 1,000 7,000 25,000 23,000 2.s,000 8,0 75,0C0 120,000 24,000 7,000 143,0^.0 7,000 ...... 1902 03.. All others— 1.000 1904-05.. 1,000 1903 04.. 2,0C0 1,000 2,000 l.CCO Total all— 1904-05 1903-04.. 1,000 190203.. 3,000 ••>> 9,000 28,000 23,000 82,000 128,000 150,000 «»>[•. 9,000 7,00<) 13,000 9,000 8.000 15,000 2,0-0 1,000 1,000 2,0C0 5,C00 2,000 12,000 17,000 7,000 14,000 22,000 9,000 1,000 2,000 1.000 3,C00 3,0C0 13,000 39,000 38,000 28,000 42,000 41,000 41,000 • 1903-04.. 1902-03.. 7,000 Total. 1.000 2,000 1902 03.. Madras 190405.- Oontinent. 10.000 28.000 26,000 12,000 17,000 24,000 135.000 182,000 191,000 ALEXANDRIA RECEIPTS AND SHIPMENTS OF COTTON.— Through arrangements we made with Messrs. Choremi, Benachi & Co., of Alexandria, we now receive a weekly cable of the movements of cotton at Alexandria, Egypt. The following are the receipts and shipments for the past week and for the corresponding wtek of the previous two vears. Alerand^ia, Egypt, January 11. 1904-05, 180E-04. 1902-03. 175,000 3,793,145 2.' 0,000 4,657,754 4,578,361 Receipts (oantars*)— This week Since Sept. 1 This Since week. Sept. 1. To To To To Liverpool Manchester Continent America. Total exports * 147,000 199,000 215.000 According to the foregnicg, Bombay appears to show a decrease compared with last year in the week's receipts of 7,010 bales. Exports from all India ports record a loss of 18,000 bales during the week and sinoe Sept. 1 show a decrease of E2,0U0 bales. 200,000 This Since week. Sept. 1. This Since week. Sept. 1. 4,500 116,557 3,750 123,843 .'>,2'0 67,763 74.398 15,300 14»,86'? 13',750 15h,972 6,000 31,629 1,000 26,040 4,842 131.532 5.4 52 89,817 10,5.».0 163,240 4.435 49,865 Exports (bales)— 31,250 357,816 18,500 383,2531 25,279 434,164 A cantar Is 98 lbs Manchester Market.— Our report received by cable to-night from Manchester states that the market is quiet for bi/th yarns and shirtings. Merchants are not willing to pay present prices. give the prices for co-day below and leave those for previous weeks of this and last year for We comparison. 1904-05. 1903-04. 8»4 Ws. Snirt- Oott'n SHibs Shirt- Oott'n 32s Cop. ings, common Mid. 32« Cop. ings, common Hid, Twist. Twist. to finest. Uplds to finest. Uplds d. d. Deo 9 81s " 16 8 " 23 7\ 7% " 30 Jan. 6 7ie " 13 7i6 d. 8. »9 4 ^S-'a 4 ®8«8 4 ®8i4 3 ®8 4 •as 3 s. 4ifli7 3 <i7 1 ®7 11ifl«7 d. 61a 4 2 1 0»«®7 11 * 6 11 New England d. d. d. 419 8. d. d. s. ®9S8 5 10 as 4 19 9l6 9«8 -ag'a n9'^s 4-04 938 3 77 9'4 ®10 3 79 3-80 -aio 6 «8 6 6 lia®8 6 ®10i2 6 gifl 9% 1 ®8 1 -88 d. 6 7«s 9 9 9 9 lia®8 668 700 718 6-96 706 7-50 Cotton Mill Situation, —Accounts from Fall RiVcr seem to denote tliJit notwithstanding the decision of the operatives to continue the striko the mills are steadily gaining in number of hands at work. Domestic biXPORTS op Cotton Manupaotures.- We give below a statement showing the exports of domestic cotton manufactures for November and for the eleven months ended Nov. 3D, 19(J4, and for purposes of comparison like figures for the corresponding periods of the previous year are also presented. Quantities of Mcmufaetwru of Cotton (colored and uncolored) Exported to— Month enMnt 1904 United Kingdom France yards. Qermany other Europe British North America Cent'l America it Brit. Bondurai. Mexico Cuba other West Indies and Bermnda.. Argentina Brazil Chill Colombia iVbv. £0 II tno». ending lfov.30. 1904 1908. 31u,21t4 0l.l9i) "*5.Vd6 864,^96 59«,l8 "8.731 2.10tf,4kiti 8a7.24e 617.673 2,408.83^ i31,5W 1908. 2,Ull,e7(/ 186.184 618 480 1.68li,309 11 46V,42!6 1,687 6«J 22.199.189 ie,4nO,H2a 2.80m,806 8.767,909 24.729.367 1.193.605 8.986,873 10,693.112 17.813,081 10 910.' 19 6 967.781 178,0 6.314 7,680.419 1137r0 2.71ii.8ciO I.lt8.s2« »e«,',9' 2,166,1(08 4l3.0f9 91b.8u8 874,6 1 l.wa.al^ 763,670 7,.8<.3l6 10.U68,-^9& I4.3;9.47t 6,115 934 446. 93 6.6151.271 liOS,0'»,917 4,^9a.l>i> 29rt.91» 6,9 8 18,411^ 7,109.S^; 4 656.649 371, »> / 86,9S«i,4V4 1,038.1- 3f 8Z 6o0,:^6^ 314.1 Hong Kong , Japan ... 70,3oH ifi70.Ut4S3.t»lS British Australasia. Philippine Islands 1,778,2^8 Other Asia and Oceanioa J{,999.71. 2,B4(i,8'«b S^.iS Si9,&10 i96.b0« ia,e62 Total yards of abore... 68,711.1<3 I3,0"ei'i Total values of above. Value per yard $;),-.S»U,110 British Africa All other Africa 42408 *7e.m >!03.U40 Veneinela. other South America. Chinese Empire British East Indies 8,6-6,194 1.301, 3^9 8.1£0,7«t< 80.9(i< 11,341,602 18,4 0.214 1.670.8S 209.,' SB 7,7u2.U70 22.608,264 6.4 '6.09 611.329 297.;t81 8.939.K66 3.H71.348 86.79(1,186 6.264 467 861,811 Other countries Values of other Manufactures of Cotton Exported to— Cnlted Kingdom Belgium France America i Mexico |-oeot fU8.471 IS3.81' ],46f Netherl ands Other Europe British North America Cent'l ro6e( 94,H Brit. 1 79S 7,78H Oo <9 8Vi 60.70U 899,384 214 868 16.28' 5.9-7 196 92t 86,861 16.48 9M.9^e i 8.248 128,587 3 05» i3o;& 4 3.41^ 17.769 614 13.219 4,!e6 83 4'i7 89 308 1.13i 73,182 1.9S6 41514 80.9' B1.217 425,464 491^ 22, lU i.f-se 3o; Tot. value of oth. mannfact's of. Aggregate val. of all cotton goods 6.7>-4 841 6 Other countries ;' 1 6.8.^1. fiO.aiil British Aliica All other Africa 8 224. -or 2,0 4 Philippine Islands 26,5f 8;- b34,«8.'^ 7,1^34 Other Asia and Oceanlca 8M.H01 14,167 1,120.369 ^5,163 8f,e50 1.981.486 20,77C 21.2 Chill British Australasia. $808 660 88,3 4 10.E6 763,717 y5 Other West Indies and Bermuda.. British Kast Indies |i,isfl,r78 489,424 Hi,: Hong Kong $-0622 40,«fif 37,45;- Colombia Venezuela Other South America. Chinese Empire 63.2 6 $-0690 H8.461 2,237.13i 562.190 Cuba Argentina...... Brazil 087.218 865.091.093 11.187 18a,78t 69.04 148,'. Honduras .173 979ii,43b ia;j.ol9.619 $18,619,818 e.o»-2 Germany 1. Exports from— 173 t4,014.l>'.S 3,4 6^ 11,161 e.s.osr 6.857 2.191 185.e:'4 18,3«<' 2^-0 136.289 9,16 8,6«e 2 3('8,949 98,4:11 23,009 10ft,«40 37.410 47.001 27,487 8,632 !:9.908 867.981 46.772 84,891 198,1'35 12,402 7,877 $7.3 8.2aD $6,672,618 $500 33 11,292,769 $ 9.3fc78ft< I25.2S2.336 — Shippinq News. As shown on a previous page, the exports Of cotton from the United States the past week have reached 194,918 bales. The shipments in detail, as made up from mail and telegraphic returns, are as follows: Total (tales. Liverpool, per steamers Armenian, 3,059 up3,353 land and 194 Sea Island ..Ivernla, 100 To Manchester, per steamer Camoens, 615 upland and 920 I,i35 Sea Island Nbw Yobk— To THE CHRONICLE 174 New Yo^k—( Ooneluded)— Total bales. To Havre, per eteamera Bordeaux, 600 upland and 122 Sea 724 Island La Touraine. 2 982 To Bremen, per steamer Caeeel, 982 1,«22 To Antwerp per steamer British Princess, 1,8 22 100 To Reval, per steamer Osoar II., 100. Siollian To Genoa, per steamers Frloz Adalbert, 600 . lO-SteamerCalllsto, 1,616 -... The prices of futures at Liverpool for each day are given Prices are on the basis of Uplands, Good Ordinary clause, unless otherwise stated. Sat. Jan. — To Norrkoplng-Jan. 7- Steamer Crostafels, 100 To Oporto Jan. 7 Steamer Hydra, 6 00 To Barcelona -Jan. 10— Steamer Lucia, 3,014 To Venice— Jan. 10 Steamer Lucia, 450 To Trieste -Jan. 10- Steamer i^ucia, 818 BosxoK To Liverpool— Jan. 5— Steamer Sylvania, 700...., Jan. lO-Steamer Bohemian, 761 To Manchester -Jan. 6 -Streamer Iberian, 1,658 To QeiiOa— Jan. 6— Steamer Canoplo, 723 .= ...... To Yarmouth - Jan. 6 Steamer Boston, 194 Baltxmokb— To Liverpool— Jan 6 -Str. Qaernmore, 1,661 Main. Steamer 1,427 To Bremen— Jan. 7— To Rotterdam Jan. 9 -Steamer Ohio, 300 4-8teamer Jan. Arkansas. 1,050 To Copenhagen— Philajdelphia-To Rotterdam-Dec. 22— Str. Eoxinla, 358 Japan— Jan. 10 Steamer China, 600 SAiS Fkakcisco— To 6,943 «,799 1.760 37,391 650 10.861 New York Cotton freights at as follows. Liverpool aianohester 20 17 20 20 20 20 20 17 20 80 20 20 15 17 20 30 20 20 15 17 20 20 20 20 15 17 20 20 20 20 2519 251s 25%! 251s ^ .....e Hianbttrg c. Antwerp c. Wednet. rhvra. Ghent, v.Antw'p.s Beval, Indirect). .c Reval, via Oan»l.c. Barcelona. Feb..e. 251s Bee. 23 Bales of the week.. ....balea. Of which exporters took. .. Of which speculators took. Rales American Actual export Forwarded Total stock— Estimated Of which American—Est'd. Total import of the week..... Of which American Amount 37 000 83 OOC 3,600 3,500 34.000 7,000 73,000 741,000 686,000 184,000 167,000 3,100 2.300 459000 afloat Jan, 6 Dee. 30 Of which American 31,000 3 2,00c 77,00c 834,000 765,000 181,000 147,000 366 000 320 00( 49,000 4,000 3,000 47,000 12,000 93,000 876.000 806 000 148 000 134,000 327,000 286.000 4,125 918 450 800 200 100 600 3,014 450 818 1,461 1,653 723 194 1,661 l,4-.«7 300 1,050 358 600 £i'i. 16 16 20 20 25 20 25 SO 30 25 15 20 40 I I d. d. January.... 3 7\ 8 Jan.-Feb.... ? 74 3 Fob.Moh. ., 3 75 3 Moh.-ADrll. 379 3 April May ,. 81 3 May-Jane... 3 85 3 June-Juty. 3 8? 3 July- Aug. „, 3 9113 Aug.-Sept . S 92 8 Sept -Oct.. 3 94 3 Oot.-Nov... 3 96 3 Nov. -Deo. .. Spot. Sat'day. Monday. Tuesday. Wed'day. Thursd'y Friday. Market Fair bnslnesB Fair Fair baslnesB Moderate baalness demand. doing. doing. M Mid. Upl'da, Sales Spec. & exp. doiDf;. Fair business doing. 3-90 3-89 8-85 3 77 3-83 3 80 7,000 1,000 8,000 1,000 6,000 1,600 12,000 4,600 8,000 1,000 10,000 2,000 Futures Uarket opened I Market, 4 p. u. Br'lyit'dy Qnletat Steady at Steady at Br'lyst'dy Steady at 6®7 pti 1 pt. deoUne, decline. Steady at Steady at 106 304 ptt. decline. I pta. advance. 6®e pti. decline. 8®9 pts. ^<&H pts. decline. advauoe. Quiet at Steady 537 pts. decline. 7®8 at pti. decline. l®5 pts. decline. Steady at Very st'dy 6®7 pts. advance. d. 76 8 77 76'3 77 793 80 813 82 84 3 8.'> 87|3 90 3 9,^8 94 3 963 973 d, 3 803 3 80 3 3 93,3 3 8513 3 88 3 d. d. 73 73 77 79 82 d, d, d. d. S65 3 65 3 71 3 72 73 ?65 3 65 3 71 3 72 3 73 3 3 76 3 7& 3 8? 88| 391J385 3 86 91 3 94 3 88 3 88 93 3 86 3 90 3 90 9.^ 3 97 3 92 3 92 97 S 99 3 93 3 94 98 4 00 3 94 3 95 68 3 68 371 3 71 3 74 3 76 3 78 3 78 3 80 80 3 83 83 i 84 8a 3 86 86 3 87 87 3 d. d. 8 68 3 70 3 68 3 74 8 7.^ 3 71 3 7713 78 3 74 3 80 3 81 3 77 83 3 84 3 80 8H 3 87 3 83 3 3 88 3 89 3 86 3 3 90 3 yl 3 87 3 391 3 93 3 88 3 3 93 3 94 3 89 3 3 90 3 70 73 76 79 81 84 86 87 89 90 91 Friday, Jan. 13, 1905. Early in the week a quiet market was experienced for wheat flour. During the past couple of days, however, buyers have shown rather more interest, particularly for Kansas straights, and they have obtained moderate quantities at a steady basis of values. Some trading has been reported in winter straights and a limited business has been transRye flour has been in acted in spring-wheat flours. and firm. Buckwheat flour has fairly active demand quiet slightly easier. been and Cornmeal has fair demand at about been in steady prices. Speculation in wheat for future delivery has been quiet. Fluctuations in prices have been within a narrow range, and the undertone of the market has held steady. The news generally has been of a bullish character, but with prices on their present basis, bull interests have not been inclined to become aggressive, and only fractional advances have occurred in values. Statistical developments showed a strong situation, stocks at the primary markets showing mato a light movement of the terial decreases owing crop, and it is understood that there remains in the Northwest only small reserve stocks to be marketed European advices have continued tame, foreign markets being independent, and this has been one of the principal factors holding the American markets in check. Cold weather has been experienced throughout the West the past week, but the winter-wheat crop has a good snow covering and therefore has been protected from damage by the low temperatures reported. The spot market has been firm but quiet. To-day the market was easier under favorable crop reports from Argentina and large exports from India. The spot market has been quiet. DAILT OLOBINO PRICES OF WHBAT FUTUBBS XM NICW YORK Sat. 12314 I16ie May delivery in elev July delivery in elev..... IO314 N0.2 red winter, f.o. b... . Tues. Wed. 123ifl 181% 121\ II719 124i« II6I3 116>« lOSH lOSifl II6I4 103i« 116 103% M.on. 124ifl Thurs. Fri. 102'^8 DAILT OLO8INO PBIOBS OF WHEAT FUTUBBS IN CHIOAQO. tri. 8at. Tues. Mon. Wed. Thurs. 114% 114% ll4i^ 11414 1141* Jan. deUvery In elev.... 112T8 II6I8 115is 117% 116'»l8 117 116ifl May dellv. in elev July aeUv. m elov 9878 99ifl 99i« 99% 99% 98% NEW 8ai. Cashoomf. May 0. b 2(i»i pts. decline. 64% Mon 64% 50% SOSs DAILY CLOSING PBIOBB OF NO. 2 delivery in elev Jan. delivery In elev Fair baslneai doing. FrI. Jan. 13. Indian corn futures have been quiet and only slight changes in values have occurred during the week. The visible supply statement showed a fairly good increase in stocks. Jan. 13 During the week, however, the movement of the crop has 62.000 reached only very moderate figures and the advices from the 6,000 interior have reported lighter country offerings, and this has 6,000 60,000 opt rated in favor of the market. Business in the spot mar16,000 bet has been quiet. Only a limited amount of corn has been 79,000 purchased by exporters at the seaboard markets, and the 929,000 862,000 trade demand in the interior has beea quiet. Today the 161,000 market was firmer on a light crop movement. The spot mar138,000 ket was quiet and easier. 301,000 ¥ORiE.. DAILY OLOBIKO PKIOES OF NO. 2 MIXBD OOBN IN 250,000 402.000 Note.— 2,745 bales American burnt this week. The tone of the Liverpool market for spots and fatnres each day of the week ending Jan. 13 and the daily closing prices of spot cotton, have been aa follows. 12:30 P Thurs. Jan, 12. BREADSTUFFS. 80 30 30 30 30 30 80 30 30 30 25 25 25 25 25 18 15 15 15 15 e. GMnoa, Jan 20 20 20 20 Trieste e 20 45 45 45 45 46 Japan (via Snez).e Qnotatlons are cents per 100 lbs. LiVEEPOOL.— By cable from Liverpool we have the following statement of the week's sales, stocks, &c., at that port. , "Wed. Jan. 11. 20,130 1,450 the past week have been fUf,S. Tnes. Jan. 10 6,490 7,650 124 have been 70,622 ifOK. e. Bremen 1904, Satur. c. Hftvire 1, 9. Jute Butts, Bagging, &c.— The market for jute bagging has continued extremely dull during the week under review at the following prices: 6f^o; for l^lbs, and 6^0. for 2 lbs., standard grades. Jute butts inactive at l^@l%c, for paper quality and 2@2J^o. for bagging quality. 10,318 9,879 4,679 194,913 Total Mon. Jan, 959 - The esportsto Japan since Sept. bales from Pacific ports. 7. 1 I212I 4 I2ifl 4 121s 4 121s 4 12% 4 121s P.M. P.M. p. H. P. M. P. M. p. M. P.M. P.M. P.M. P.M. P.M. P.M. 900 1..554 To Genoa— Jan. 9— Steamers Cayo Blanco, 7,400. ...Regina Elena, 2,S99 To Venice— Jan. 7 -Steamer Hellas. 1.750 QALVB8TOK— To Liverpool—Jan. .o—Steamer Horatio. 6,373.... Jan. 12-Steamer Irada, Jan. 7— Steamer Iowa, 18,933 18,086 To Hull-Jan. 9-8teamer Thlstledhu. 550 To Bremen- Jan. 5~8teamer Oxonian, 10,361 To Hamburg- Jan. 9 Steamer Thlstledhu, 959 POKT ABTHUK—To Liverpool- Jan. 6 Str Meridian, 10,316.. Mobile—To Havre—Jan. 11— Steamer Coronation, 9,879 To Genoa— Jan. 9 Steamer Vincenzo Bonanno, 4,679 PBN8ACOLA— To Bremen- Jan 3— Str. Parthenla (add'l), 124... SAVANNAH— To Liverpool -Jan, 6— Steamer Homewood, 3,622 Jan. 7-8teamer Linoairn, 1,868 To Manchester— Jan, 7— Steamer Linoairn, 7,650. .-... Jan. 7— To Bremen— Jan. 6— Steamer Pontiac, 6.893 Steamers Croatafels, 8," 07; Hydra, 4,330 To Hamburg Jan. 7— Steamer Crostafela, 1,450 Jan. 7To Reval Jan. 8 Steamer Pontiac. 1,850 Steamers Crostafels, 350; Hydra, 1,925 To Riga-Jan. 6— Steamer Ponlao, 650.. ..Jan. 6— Steamer CroarafelB, 298. To Gothenburg Jan. 7— Steamer Crostafels, 450 To Antwerp -Jan. 7- Steamer Hydra, 800....... To Warburg—Jan. 7-8teamer Crostafels. 200 x. 2,500 2,309 -, lxx below. Prince, 3,377. ...Vinoenzo Florlo, 200 4,177 100 To Naples, pea steamer Sicilian Prince, 100 New Orleans-To Liverpool— Jan. 7— Steamer Antilllan, 8,049 26,049 ... Jan. 12 -Steamer Wayferer, 18,00i» To Belfast-Jan. 7-8teamer Glonftrm Head, 2,500 To Glasgow-Jan. 10-steamer Torgorm, 9 -O To Marseilles -Jan. 7- Steamer Hellae, i 554 „ To Bremen— Jan. 11— Steamer Manchester City, 6,943 To Hamburg Jan. 6— Steamer Cayo Domingo, 693.,.. Jan. [Vol. Tues. Wed. 64% 64% 50% 5038 MIXBD CORN 8at. Mon 41% 4168 44'« 43i8 Tues. 41% 44% IN Thurs. 64i« Fr%, 53 80ia 50% CBIICAOO. Wed. 4iia Thurs. Fri. 41% 41'»i8 411* 44% 44% 46 46% 45% 45''8 45ifl 45% 45% 45% Sept. delivery In elev.... 46% Oats for future delivery at the Western market have received a limited amount of attention, and there has been a slight advance in prices. There has been a fairly free distri- May delivery in elev July delivery In elev 44Jfl 45 45i8 bution of supplies, a coneiderable decrease in the visible supply statement reflecting a liberal movement of oats into the hands of consumers Locally there has been a moderately active and steady market. To-day the market was quiet but steady. NEW YORK. DAILY OLOBIHO PBICBS OF OAT* IN Mon. Tues. 8at. Nom. Nom. Nom. No. 2 mixed In elev No. 2 white In elev Nom. Nom. Nom. Wed. Nom. Nom. Thura. Nom. Nom. Fri. Nom. Nom. : Jan. ! THE CHRONICLE. 14, 1905. J DAiLT CLOsnra pbioes or mo. 2 mixed oats ih caiOAGO. 8at. Mon. Tue«. Wed. Thura. Fri. 3014 2988 291^8 30 3038 son Jan. deUvery In elev 8114 3114 31 1« S0'»8 3116 SO'^s 31i« 311* 31 3116 SO'^'e Following are the closing quotations: FLOUB. Nominal. Patent, winter. Fine.... 55 85 -35 90 City mills, patent. 6 40 96 90 Superfine. $4 00 ®4 10 Bye flour, snperline 4 35 '95 00 4 10 -34 15 Extra, No. 2 Bnckwheat floor.. 195 'a>2 10 4 25 ®4 40 Sxtra, No. 1 Com mealClears.............. 4 30 '^4 65 Western, etc.... 2 85 tB3 00 Straights 5 20 ©6 65 Brandy wine..... 3 00 '93 10 Patent, spring..... 6 00 ®6 95 QBAIH. 0. Com, per bushc. Wbeat, per bnsn— c. 0. Western mixed.. i:.0.b.l27 49 '953 N. Dul.,No. 1 f.o.b.l20ifl No. 2 mixed f. 0. b.53 N. Dnl., No. 2 No. 2 yellow Bed winter. No. 2.. f.o.b.l21% f. o.b.Nom No. 2 white Hard winter. No. 2. f.o.b.Nom. f. o.b.Nom Oats—Mixed, p. basb. 36i3«37i« Bye, per bush37is'ai40ifl Western Wlilte 87 -990 Nominal. State and Jersey. No. 2 mixed Nominal. Barley—West ...... Nominal. 46 '961 No. 2 white Feeding 41 '944 May delivery In July delivery elev m elev Exports of G^rain and Flour from Facifle Forts.—The exports of grain and flour from Pacific ports for the weak ending Jan. 12, as received by telegraph, have been as follows: From San Francisco to United Kingdom, 130,000 bushels barley, to Japan and China, 28,000 bushels barley, 60,000 bushels oats and 3,000 bbls. flour, to various South Pacific ports, 5>38l bbls. flour and 350 bushels wheat; from Puget Sound to various South Pacific ports, 6,744 bbls, flour and 1,500 bushels wheat; from Portland to United Kingdom, 140,000 bushels wheat, and to India, 10,COO bushtls wheat and 26,250 bbls. flour. Combining these figures with those for previous weeks, we have the following, wliich covers the exports to foreign conntries for the period since July 1, 1904, comparison being made with the corresponding period of 1903-04. Mxportt from/— Wheatf Vlcnxr, bblt. San Fran. 500,364 Puget 8'd. 754,744 bush. 1.195,821 1,384,551 344,536 1,483,760 Total.... 1.59 9 644 Tot. '03-4.2,096.966 4,064,132 4,764.467 Portland.. ^~For Corn, Oats, Barley, bush. 71,544 11,136 bush. bush. 63,396 96,126 2,768,782 124,050 8 329,606 159,530 257,441 3.212,488 7,174.620 82,680 26,437 Sye> bush- 422 394 816 707 other table* uanally slven here see pase 143. THE DRY GOODS TRADE. New Yobk, Fbiday, P. M., January 18, 1905, 175 rather than contract ahead. Lfght weights have not been in such good demand and are therefore more easily obtained but nevertheless prices reioain firm. There have been a number of export inquiries in the market, but these have been more for the purpose of obtaining quotations and keeping in touch with the market than anything else. It is not expected that any real business will develop until after the Chinese New Year, but at that time there should be some good buying, particularly if prices are such that previous purchases can be averaged up. Most recent inquiries have been for 4 and 4'50-yard sheetings. There have been some moderate purchases of ticks for export, but denims, plaids and other coarse colored cotton goods have been slow although unchanged. reduction of J^c. in the price of gray goods has caused some irregularity in the price of bleached goods, but low counts are firmly held owing to the scarcity of supplies. Canton fliunels and cotton blankets are dull at recent figures. Kid-finished cambrics are in rather better demand. Staple and fancy prints are quiet and unchanged and staple and fine grades of ginghams are in poor demand. Print cloths are flat with neither buyers nor sellers apparently anxious for business. Regulars are still quoted at ^%c. A Woolen Goods. —The number of buyers in town during largely increased and the woolen goods market has again taken on an air of great activity. There have been still further advances in men's-wear woolen and worsted fabrics and these now show an average advance of from 5c. to 7>^c. over last year. While the buying so far this season has been very heavy, a considerable number of lines have been held back until prices were at a level considered satisfactory by sellers. The constant fear that further advances will be made as the season advances has undoubtedly caused a certain amount of speculative buying, but this is a condition that is expected to right itself in time and one that is not worrying agents to any great extent, aa they feel confident the week has that the legitimate demand will be sufficient to take care of all goods offered for sale. The low price of cotton has caused an increase in the sales of mercerized worsteds, and woolen goods have suffered in consequence. While several new lines of dress-goods have been opened it is too early as yet to gauge the market. Advances have been general but irregular. Blanket manufacturers are showing new lines and, while the advances have been sharp, they have not frightened purchasers, who seem to have fully expected them. Foreign Dry Goods,—There has been little doing so far in imported woolen and worsted dress goods but the prospects for the future are encouraging. Silks have again been strong and in good demand. Ribbons are firm but quiet. Linens show continued improvement. Burlaps are steady As had been generally expected, there has been very little and unchanged. ofaauge in the character of business in the cotton goods market during the past week, and extremely dull conditions have Importations and ^ITareboase 'Wlthdra^'als of Dry Goods Theimportations and warehouse withdrawals of dry goods prevailed throughout. There have been rather more buyers in town but their purchases have been very limited and have at this port for the week ending Jan, 12, 1905, and since been entirely confined to goods for immediate delivery. Offers January 1,1905, and for the corresponding periods of last of goods for delivery during the next two or three weeks are year are as follows: not looked at, at current prices, and business remains of a g hand-to-mouth description. Bayers have spent most of their o =to QiCt time in going from office to office trying to learn what pros!» =Lm <^ ® ti - J~» pects there are for reductions in the near future, but they or g: P; o is b: §: -: I 2^ have met with very little encouragement. Sellers, in fact, S O M S %\ far putting fight against any declines, and so are up a strong 0'. §! g: S IB have been successful. It is true that on a few lines of goods there has been some irregularity, but so far there has been B nothing in the way of a change of open quotations. Buyers, Ctl SSL b": on the other hand, are not likely to operate freely in a mar•to ket where the relative prices of cotton and goods are so far N^ WtOMtOM 00^ OS h^nl : : " " • • • I • : . i i ! i ; 1 apart. The principal strength of the sellers' position lies in the scarcity of stocks both in first and second hands, and the fact that many of the mills are well sold up for the early spring months. Export business at the moment is at a standstill, and this Is a feature favorable to the home buyer. In the woolen-goods division the market has been quite active during the week and some further advances have occurred in men's-wear woolen and worsted heavy-weight fabrics. 01 CO M to ^ ! \ I 1 Domestic Cotton Goods.—The exports of cotton goods from this port for the week ending Jan. 9 were 2,856 packages, valued at $163,951, their destination being to the points specified in the tables below QDOS w« ! QOtOMOCX) * to OM pop tOM Osp «3 "iota VlifkMOW M CO 00 c;i CO<l COO) oa to M 0)<» M It*. CO oto l(^ 00 0) -a 00 en -JO o>oo oo« CO cs <l OS I ! i ! I mm! osp w 030 I 03 OS b' 00 en I M eo en coasts loosi^o ooto«> 00 o Oto 'iP>Meoeo© «3 Nbw yobk to Jan. 9. Qreat Britain Other European Qhina 7 34 "936 India Arabia Africa West Indies Mexico .............. Central America... South America Other Countries Total „ MMOOHi t^tO ;oo I "i^ odmoow en Week. 14 452 68 S66 8E6 139 2,856 Since Jan. Week. Since Jan. 1. 7 1 1. 930 "Vi "605 605 1 ""Y6 452 58 366 856 189 266 3 758 487 93 2,856 2,223 :i7»0 tow 1 34 10 266 3 758 487 98 2,223 The value of these New York exports since Jan. 1 has been $163,951 in 1905, against $124,567 in 1904. Heavy brown drills and sheetings continue in very small supply and are consequently firmly held. Buyers areexperienciDg increasing difficulty in obtaining deliverieB, and for spot goods are forced to pay full prices, but at present fig ures they are williog to run the risk of a contiauation of this, « » 339,627 CO •». OS cni6 ODCOOtOO oscocoiFkao S 1904. 1 M» 1,049,244 192,390 469.431508,058 aVwoc' oo-4coa< WMOSl^ 5" 1905. i^,^cocou< S" "to M OM 0(0 enenlocoo CXCOOC^i kSoaMea i I 1 CO to en O tsaosiCk CO ^^ !-• ,^<l •4 <«b p.W o*- •<l ^ to 03 «k 00 i' MtOMCTOO oaowwiy M V- 60 MOD OS 09 00 MtO Mm ^ 01 Oi'O -J tsif^ 50 K>' -1 CJ =" 09 to CO to O©<|iP.C0 M to i«>'^09 9<(0 MtSi^Mlf^ to«j — ooto I coco toto j ' I I C0| *9 I to t ! *-0 ^00 VjO i OM M to to M CO CO OS CD OS ^M-lM—ffl 00COC;'COO9 N(M_M Wj-« _en_jti.pioco »I05C0<J0S loo5<ia:C3 ooMaosM COOOMOOtO tocoaojo M aw 00 >-io W Mrfk I 00000 I^<1C0U^^ " coac<i^a cxvi 0<I0 CO to 'cn'o *k en •4 M I cnM I 0000 \ 6SM ; ** <o 00 10 00 OS CO en a'' OS ^ <1 to r^ I O MtOtO oscneni;!'© CO*>MQDK) mT!0»3O»3 I MM M QoenMeneo coeocoeno Mososas to CO en -J to to CO i» C en en OD -go6«ccocn to i I toeo-Jco Oenif^'OOMfi "en<ltoeo-J toi^coMto qp OS ^ «• ' mV tOi«» OOl^OOO 1 OSCn CO OS (sen SI 1 CO) MO) I*' -I Kk«0 eoeoos CO j 3 M "^^JCOmO O ^'^ tOOO CO CO i to OS I I ec «a^Ma> 3 ©M M tea ( "J 00 I i at OS CO en to o en to CO ^1 eo 00 CO en CO en cuo«otoco tO»3 to 01 MMt3«kC0 coto <lh3 I 1^ Kk|»>X<itO MM en i i (0 001-' l(^ l(^ j OS-atOa'O tOM — KkC^OWO 0<4 «i« WM COO !(!> M WM 00 M^<I09tO tOOi CO eo COtO JO to I i I 05<i M*>. MM i I MtOl^tO «i*;*!:fS eo eo ^'0D*:=5-:J 03 MpWJftO to — OtooD tacoo oooo < _ M I i I coenMi^i^ eneo — ^JO^S en 000 ^ coao-JCDco CO j(ki(^enOQo eo o THE CHRONICLE. i;g MUmnPAL BOND Page. Name. Bate. 2707..Che8t6r(Pa.)8oh. Dis. 4 127..01arkBon,Neb 5 2760..01ftrfc8vllle, Va 6 2760. .Clyde, Ohio 4ifl 2808..Cohoe«. N. Y 4 2707. Columbae, Ohio 4 178..0olumba8, O. (11 Is.). 4 178..Colnmba8, O. (2 is.).. 4i« 127.. Converse Co Wyo... 4»a 2600.. Cornwall (N.Y.)UQlon Free Soh. Dist. No. 6 4 SALES IN DECEMBER AND TEE YEAR [Vol. lxxx. 1904- We present below our table of municipal bond sales for December which the crowded condition of our colams preTented oar publishing last week, The aggregate of such bonds 2708..Coc'hocton, Oiilo Ky issued was $9,928,510, eliminating as usual temporary loans, 2"(^0..rovlDgton, 26^6.. Cranston, R. 1 Canaoi m loans, Hiiwaiian loans and general fund bonds of 2808. Crook^ton. Minn (Ky.) Soh. New York City. This total is the smallest D 3cember output 127..(;ynthian» Dlst since 1899, as will be seen from the following, which also 2708..DeBaDoe, Ohio 2808..Df.nver, Col. (2 la.)... gives the totals for the twelve months. 2fe03.. Detroit, M.ch . For the .Month of D'Cemoer. 1934 1903 1902 1»01 1900 1899 1898 Twelve. Mos. »3r.0.597,458 ,„„, 1897... , t9.W28,510 189i lS,i!tl,7H7 15J,28I,'i5()l 1I,5«7.H12 16.4~6,95S lsafi-<.835| 1895... 149,«98.6S9 !l894 .. 22,16'i,7al 145,73;-!.i>6i 4.V8 ,2-'6 7,306,343 118,113.006 1;3,084,793 Month of For the Tier.ernber. Twelve ^oa ...117,855,471 ... ... ... .. 18^8 1892 10,t)64.a87 8.545,'<04 13.48b,374 17.8i0.564 3,297.219 J137.'-84.0i4 106.49H,(I6 3 114,o\il,6« 117.'7e, -:i5 77,421.273 83,8^3,616 2m. -8.. Detroit, Mich 2808..Uoroh-8terCo.. Ml 3760..East Clevelan1,Ohio. 2760..E9cambiaCo,, Ala ^. 270S..Palmonth. Ky 127. Fore Edward (N. Y.) Soh. Disr. No. 1 2«56..Prederlchtown, Ohio. 2760. .Fremont OWo 37eO..Ga!lon. Ohio 2708..GaU)aCo ,Ohlo 2808..Gi4lve9ton Co.,Tex... Large leans iu December were few, that of D.nver being the only one of much importance the Columbus, Ohio, saleS; although amounting to |1, 827,700, being simply sink- 2760 Qlbb>n.MlDn ing.f and takings. The city of Denver's disposal on Djc. 27 2708. Green Bay, Wis 27«0 .Green Bay, Wis of two issues of 5^ bonds aggregating |l, 299, 482 27, was 2760..'4reen Bay, Wis Greensboro, Qa made to Albert C. Case and Harrimaa & Co. of New York 2808. 2708..GroveClty, Pa — . City at 111 259. For the twelve months the to.al exceeds by many millions the output of any previous year. New York City is responsible for a large portion of this increase— issuing in 1904 |86, 589,440 bonds, as against |43, 022,9 19 in 1903 -yet all sections of the country have been very active ia emitting bonds, this following in part from the inability to find a satisfactory market in the previous year. The aggregate for 1904 is $350,- 27(O..H!tnQlltoD, Ohio 2708..H.mlltonCo., Ohio... 2366..aarrl8on (N. J.) Sch. Dlst 597,456, as against $152,281,050 in 1903, 2761. .Tronton, Ohio (i 2656..Irvlngton. N. J $152,846,335 in 1902, — 2600. Hnvrede Grace, Md.. 2808. .Ha-klns, Ohio 2808. .Highland Co,, Va 2808. .Hoboken, N.J 127. -Holly SpriogB, Miss. (2 issues) ville Soh. Dist. l8.).. Jan Feb March April May June 1904. t2S,74 ,801 7,W3«.32l $15,941,796 5,15!),«2S Aug 14.71:3,624 9,084.046 ia,"6i,584 64,474,718 24,416,909 l7,n•^^,>^•^o Sept Oct 19"4. J33,7l«,8.^ 1908. 14,?4«,227 16,926,6.9 JulT 16,825, ?'44 10.5611,671 1908. fl5,«70,^40 7 737,240 8,762, 'i7H 12,19H,<-85 Nov 10,221 ,<117 82.487,0iJ9 Dec 9,H8S610 14,84e,^75 13,4«1.79' |3r30,P97,456 f Ifi2,s'8!,0r0 Diet 2761.. Lebanon Co.. Pa 128.. Lexington, Ky. (2 128. .Lynn, Maes la.) Average per month In the following table 20,S83,121 12,690,' 2808..MoD.jnough, Ga 2761. . Macon, Qa 2709.. Malison. Inl 2761. .MansHeld, Ohio 2808..Mapleton Twp Minn. 2761. .Marlon Co., Ml88 2761.. Marshall. Tex l28..MaBon, Ohio 2709 .. Medina Co. Koad Dlst. No. 1, Ohio ?6r>7. Mercer Co.,N. J 2761. .Midway, Pa 2709. Mineral R'.rtge, Ohio.. 2657. Mlcnesota Schools (21 87 we give a list of December l.>ans to the amount of $9,928,510 issued by 184 municipalities. Ia the case of each loan reference is made to the page of the Cheonicle where an account of the sale is given. Deobmbeb Bond sales. Name, Page. Rate, Maturity. Amount. Price. 27o7.. Allegheny (Pa.), llth Ward 8oh. Dlst 4 127. .Allen Co., Ind 6 127.. Allen and Whitley counties, Ind 6 2707.. Alto (Tex) 8«h. DlBt.. 6 2759..4m8terdam, N. Y 4 2707. .Antrim Co., Mich 6 2707..Arte8ia (N. M.) Hohool Dlst. No. 16 6 2759. .Ashtabula Twp. (O.) 8ch Diet 2807. .Avon by-the Sea.N. J. 5 177..Ba8ley (Mlnn.)Sjhool 5^ DlHt 127. . Baltimore, M'l S^a 2807.. Beaumont, Tex 177. .Bellef.intalne, Ohio... 2807..Belvldfcre (N. J.) 8oh. Diet 127. .Big Sandy (Tex.) Soli. Dlst 2759. .Bingham Co. (Idaho; 8ch Diet. No. 85 2707..Blrnjlngb8m. Ala 2707.. Bogota, N.J 177..Brldgevllle8ch. Dlst., Pj^ _ ... _ '.".'.'." 127. .BufordrGa".".".".".". 2769. . Camden, N. J 2807..Carbondale, 111 26.'>ft..Carrollton. Miss 178.. Cedar Falls, Iowa 27ft9..C»«lina, Ohio 2807.. Chelan Co. 1942&1944 tl914-1924 10,000 10205 1905-1920 1939 8,000 27,000 108125 1914-1919 1928 11925-1915 1907-1912 1924 6 4ifl 4 5 Z^ lOO 100 100 100 100 1924 1944 5 6 104-57 4,994 7,000 10,000 £6,000 f 5 4 $1C0,000 520 1915'i924 tl924-lB34 1906-1925 1935 4Js 6 4,000 100 40,000 108-25 30,00011 100 7,500 100 5,500 101 22 5,000 100 17,000 23,600 2.600 100 100 100 100 00 10213 20,000 TI 00 55.000 100 40.000 -^0.1 1 5,000 4,500 42,000 4^ 100 100 100 10119 (Wa'.h.) 8oh. Dlst. No. 6 Se66..0heaterCo., ft 1934 8. O 5 4>« tl906-1914 1 1920-1930 2,950 100 76,000 104-26 190.5-1908 tl920 1945 Various. Various. tl915-1925 1905-1924 4Jfl 1906-1915 1945 5 4 6 1905-191.4 5 314 3I3 1915-1919 1919 1936 1936 4 5 6 1914 1918 1903-1912 4 5 1909-1921 1906-1944 4»a 414 190.'^-1914 4^2 5 1905-1914 1917-1921 5 4 6 4 4 4 6 5 4ifl 4 105-586 100 1,200,00011100 622,60011100 5,200 11 100 20,000 101-645 1,072 28,000 10207 16,000 10165 2.733 105-78 50,000 104-293 30,000 100 85,000 102-785 9,000 104193 1,'?99,482 111-259 190,000 107-298 90.000 107-024 3,000 10.000 ioo'552 15,000 IOII4 2,1^00 47,4ri0 4,00 1920-\924 1913-1921 1915 190^-1914 1914 1914 31,«00 5.000 12,000 6,000 6,000 7,000 150,000 5 1907-1929 1914-1934 1906 1910 4 4 1935 5 1905-1924 4 5 1906-1914 5 4 119241944 4 5 10312 13.000 101-57 20,000 110 06 6,932 101-47 4.500 101-556 10 00 110.76 1907-1918 J 100. 101.562 101 97 102-54 102141 103 32 105-183 106-29 104-09 46,000 100 26 20,"00 106 3.000 100 20,000 52,000 74,000 100 1934 1924 1910-1924 12,500 101-25 48,000 105 8H,000 101 •25 126,000 106 90,000 IT 100 4.000 \ 00 23,000 107209 6 4 5 4 tl 909-1914 tl924-l984 1906-1915 1904 24-34 1909 1924-1944 2,450 100 10,000 101-26 11.223 100 100,000 107-255 700 104-714 76,000 4 4 4 1917-1923 1924 1945 6 5 6 4 3J« . Total 19151931 5,000 10,000 8,400 Price. 103-56 100-30 \ 2761.. Lancaster (Pa.) Sch. , 1903. $30,000 No. l.N. Y. and $145,733,062 in 1900. Ia arriving at 2t556..Jeffrtr8on Co., Tex JereeyClty.N J. (2l8.) our totals, as we have so often explained, we do not include 2761 i27..Krtnmare, N. D.jk temporary loans nor do we include sales made by places out- 2656. .Kiel, Wis i79..KitBop Co. (Wash.) side of the United States. The temporary loans recorded Soh. Dl9t. No. 42.... 127..Klttanning. Pa.... daring the year amounted to $148,655,894; Canadians loans, 2808. .Knox Co., Ind 127.. Lackawanna Co., Pa. $8,675,878; Philippine loans, $18,000,000; Hawaiian loans, 2656..LanoaBter, Ohio $1,000,000, and "general fund bondt" of New York City (ex- 2656.. Lancaster Co., 8. C... and Amount. 1931 tl909-1924 1934 2808.. Homer and Oortland- $149,498,639 in 1901 cluded for reasons previously explained) $9,500,000. The market for municipal bonds was quite steady through out the year. Sales were made on somewhat better bases later in the year than in the earlier months, the iraprovement in prices although slight being general. The following table shows the monthly output in each of the years 1904 Maturity. 6 igbh- 1925 4 1910-1934 1914 3ifl 6 1905-1 i^lO 6 5 5 1907-1910 1910-1930 11909-1944 6 190M925 5 4 5 6 1908-1911 1934 1906-1307 l«8ne8) 2709..MoneB8en, Pa 2657. -Montgomery Co., O... 2809.. Margan City, La 2761.. Moorheacl( Minn,) Sch. Dlst 27'i9..Morri8town, lad 179. .Monlton, Iowa 2709.. Mt. Vernon, Ohio 128..MuektDgnm Co.,Ohlo. 26^7.-Newarb,N. J 2 761.. Newark, O ilo. 1 28 New B ed foril Mass. 2761-. N*-w Castle. Pd. (Vila ) 2761--Newfane and Lookp'c Sch. Uls.No. 15,N Y. 2809-.Newn»n, Ga 2761 --New Sweden Irrigation Diet., Idaho ... 179. .New York City (3 is.). 2899. -Ntz Perce (I.ltt.)8oh. . - - - - ,. Dint. 261^7. No. 2 Norwalk, Conn 100 1906-1908 7,000 1914 "191*4"" 3,O0tJ 100 100 1932 1906-1925 4 3,500 2,800 109-10 55,000 150,000 102-517 300.000 103-383 60.000 105-21 87,000 2,800 20,000 100 108-09 1925 6 3 1915-1924 15,000 101 522,676 ITICO 1916-1925 1923-1928 1.600 100 34,000 100 98-27 117,000 4,000 11100 1,280 )00 21,000 100-104 6,9^8 101-265 50,000 100 200,000 102-83 12'-, 0) 103-676 100,000 100 12,50011100 5 Z^ t 1926 1934 1905-1909 1925 1910 1930 1925 1934 1903-1924 1907 1924 1915-1930 1918 1919 1985 276^..PittBfleld, Ma-s 129.. PortBDDOUtJi, Ohio S^a 4 1905"-lV20 1909-1<>24 129.. Portfmonth, Ohio 2762.. Beading (Pa.) School 4 1907-1913 t....,^ 28,610 82,000 5 270n..N'irwlch rT.), Conn... 3»fl 2709..Nntley (N JjSoh. Dis. 4 4 2709..Ohi<»C0., Ind 4 2809.. Omaha, Neb N. Y 2H09..O' eldii, 4 2e57.-Oradel, N. J 4 Conn 4 2709.. Orange, N. J 2657--Orange. 4 129..08h)iO h. Wis. 4 ISCPttlneevllle. Ohio 5 28i'9..P.'r8on8 (Kan.) School Diet 6 2809..P.itr,on (Pa) Sch. Die. 4>« ISO.-PearlKlvHrOo., MlBS. 6 2809. PHrn. N. Y 6 2809..PhilHp8bnrg, N. J. (2 Issues) 4 4)« 2762. .Pike Co, Ala 2709..P1kiCo., Ind. (2 la.).. 4i« Dl 25,000 103 51 18,000 105073 8,000 100 8-0 100-625 100 ""l9'5'4"' 4 4 70,000 107617 13,90011100 10.000 105-515 40,000 101-50 22,000 100 10,000 102-185 7,400 tl0;)-27 50,000 102 52 45,000 100125 2,400 103-83 4,000 5 4i« 3i« 4«« 104 55 100 104-50 100-585 5 5 6 S.g.'iO 3,.'i00 4 8 1929 1906-1909 1905 1908 4ia 60,000 SJa 11909-1934 1,000 100-10 30,000 10447 25,000 l'il-40 6,500 100 8.P00 50,0(10 102 101-25 2H.900 76,600 35,000 100 7,00011100 75,000 100 I . Jan. u, : : , THE CHRONICLE. 1905.] Rate. Name. Page. 129. .Red River and Bayou d«<s GlalBeeLey.Dlst 5 Maturity. Va 129..Rookford, W*sh 2657. .Rocky Forrf, Oolo 2809 .Romn, N. Y . - Amount. 5 19051908 4 6 5 4 1939 1 Frict. $10,000 103 1954 & 2809..Red]atidfi, Lagonla Orfcfton8tfh.D.,Oal. 270.<»..Tllohinotd, . 1909-1924 1905-1924 Nos. 53, 63. 66. 96, 99. 105, 191. 192, 205. 216, 236. 253, 261. 263. 265, 263, 287. 288, 296. 298,805,373. 463, 464 and 474. on the above bonds on and after the due of their annual interest coupons. The official notice of this bond call will be found among the advertisements elsewhere in this Department, Interest 10,000 10012 55,600 loeifl 5,398 101-574 30,000 20,000 1C319 1:7 will cease falling 180.. Roxburg (Idaho) 8oh. Diet 5 4 4 2709..8aoramen'o, Cal 129..SaglDayr, Mioli 2658..8anford. Me 3»s 129. .San Pedro High Bch. Diet., Oal 5 2763..8anpa:Uo 8oh. Diet., Cal 5 28C9 Shamctin, Pa 4 130..8onora, Oal 2763..8partanbnrgCo.,8.C. 2710. .Starke Co., Ind 130..8tatham, Ga..., 2763.. Sterling, 111 2763.. Sterling, III 2763. Sterling, 111 2710.. Stevenson Soh. Dist., Oal 2763..8teyenBon (Wash'ton) Soh. Dlf-t 181. .Storey Cre^k School Diet. No 3, N. Dak. 2763..Scffle:d, Conn 181..8ninailt, Miss 2658..8wi88yale (Pa.) School Diet 2810 .Taylor, Tex 2763. .Thomaetor, Conn,.... 2658. .Toledo, OhJo ISO. .Toledo, Ohio 130 Toledo, Ohio 2658.. Trenton. N. J 2658.. Troy, N.Y 2&10..Tnokahop, N. Y 2810..UnlonSch. Dl8.,W.Va. 2810..Vald08ta, Ga 182..Walla Walla, Wash... 2e58..Watertown, Maes. (2 Iseues) 182..Wauhegan, 111 2764. .Waverly, Iowa 2658. Webater. Mass 2764.. West, Tex 2711. .Wheatland, Cal 2711..Whe»ton. 111. (2 Is.)... 2658. .White Plains, N.Y... 2764..Wllke8-Barre. Pa 2764..Wtcohe8ter, Va 2811..Wl8ner. Neb 2811..WfOd Co., Ohio 182..Xenl», Ohio 2764..Yaklnna Co. (Wash.) 8ch. DlBt No. 43.... 2764..Y8zoo01tv, MIse 130..Yfczoo-MI»<8'lppl Delta Levee Dlfet Mies... 2764..Yoiingetown, O. (8 1b.) , 5 4 6 6 4Ja 3,000 100 2C0.000 102 07 49.500 103-788 99-20 59,000 tl910-1924 1906-1945 1923 19141933 190E-1924 40.000 19051924 30,000 6,000 s.ooo 101-036 ir2-50 101 £0 000 103 24,(J00 100 ti90S-1914 1905-1929 1925 1907-1912 1934 1910-1913 43ii 4>fl 8 105-33 4,491 R.OOO 5,000 10010 1 00-ft2 102-425 IfO 1913 1918 1806-1910 l.'-OO 2,000 100-387 100 500 5 1 1905-1924 2,000 6 4 6 1924 1906-1922 fI914-1924 6,000 42,500 18,000 41,000 25,000 50.000 4 1905-1934 5 4 fl9141944 1924 4 4 4 4 "Y9i"9""* 19061906 414 1908-1921 5 5 19061925 6 tl905-1914 4 1910-1913 1905-1914 } 00 50 102 19 103-50 100 103 18.561 Tlioo" 5 6 S^i 5 5 5 1919 1914 82,000 6.500 7,000 10,000 12.000 20.000 72,000 23.000 140.000 38.000 5.000 50,000 50.000 "igVd"' 19051944 4ifl fl9141924 413 57,844 7.1P3 38.000 5 30.000 I 8,000 70,000 tl914-1934 4 5 900 1935 1903-1914 1934 1919-1927 11914-1924 4 4 210,000 40,000 1905-1909 1906-1914 5 6 11903-1924 4 5 11930-1955 1906-1910 103-333 102845 100 100 100024 107 048 108-83 100 103-68 100 100 100 100 101 100 105-43 104 80 10034 :99 101-65 101-50 1,500 100 100.000 tl02-56 19051924 50,000 18,395 103-76 Total bond sales for Deo. 1904 (184 mnnlclp alltles, oovering 24& separate Issnes).. $$9,928,510 - Average of dates of matarlty. t Subject to call In and after the earlier year and mature in the later year. ( Not including $ ) 4,4 1 1 ,036: of temporary loans reported and which do not belong in the list; also does not Inclnde $3,00t',000 general fund bonds of New York City. IT Taken by sinking fund as an investment, t And ether oonslderatione. Bond Proposals and Negotiations week have been as follows Aberdeen, Migg.— Bond ceived about this March by O/TcriKflr.— Proposals will be re- M. Acker, Mayor, for $70,000 5% coupon water and sewerage bonds. Date, March 1, 1905. Denomination, $1,000. Interest semi-annually In New York. Maturity, March 1, 1925. Bonds are exempt from city tax, Certified check for 10? of bid, payable to J. M. Acker, Mayor, required. These are tbe ssma bonds awarded on Nov. 3 to Co. of Chicago. F. R. Fulton Applcton, y\lfi.~Bond Ordinance R-'pealed,— In reply to our inquiry as to the present status of the suit of the Appleton Water- Works Co. (see V. 79, p. 2221,) to prevent the city from issuing the $300,000 bonds voted at the election July 19, 1904, to construct a water plant, we are informed that "all action by Council rescinded and repealed; at present are at starting point." 1 J. & Appleton (Minn.) Independent School District.— Bond« Voted.— It Is stated that this district has voted to iesue |13,000 school house bonds. Ashlabd Connty (P. 0. AshlaEd), Ohio.— Bond 5aZe.— On bridge bonds described in V. 79, p. 2807, Jan. 5 the |2a,000 were awarded to Rodgers & Sons, Chagrin Falls, at 100 885 and interest. Following are the bids Bodgers & Sons. Chag. Falls $2f»,177 CO W. R. Todd & Co.. Cincln.. $30.015 00 W.J.Hayes & Sons.Cleve... iiO.087 00 R. Kleybolte & Co.. Cinc'.n. 20,010 00 Seasongood & Mayer, Cincln. !;0,023 26 Ashtabala, Ohio.— Bond Offering.— VxoTposiB\& will be received until ]2 M., Feb. 4, by Frank W. Wagner, City Auditor, for $31,100 f>% coupon bonds as follows H : . . : $18,100 FIsk Street paviDg bonds. 10,000 KlDg Street paving bonds. I I $2,000 Joseph St. improvement bonds 1,100 Fassett Ave. sewer bonds. Interest stml-annnally at the office of the City Treasurer. Cash or a certified check on some bank at Ashtabula for $5G0 must accompany bids for either the Fisk Street or the King Street pavirg bonds, and $200 each for tbe other two issues. Successful bidders will be required to pay accrned Interest. Bonds Defeated.~Tbe proposition to issue $350,000 waterwoiks bonds failed to leceive the necessary two-thirds vote at the election Jan. 6. Anstin, Minn.— Bond SaZe.— On Jan. 6 the $10,000 ii 10-20year (optional) coupon funding bonds described in V. 79, p. 2807, were awarded to N. W. Harris Co. of Chicago at 100'28 and other considerations. Following are the bids : & N. W. Harris 4 Co., Chic... $10,028 DO Mlnn.L'n *TrCo., Mlnn'Us. Duke M. Farson & Co.. Chlo. 9,95000 9.896 00 9,880 00 I | I M. Stoddard & 5 (for 48)... $9.7fl6 00 Co.. Mlno'Us... Hfor IHs). 10.16000 W. Halsey & Co.. Chicago. 9,746 00 10,050 09 F. U. Magraw (for 4H8) U. N. U. Rollins & Sons, Chic... Bag ley, Minn.— Bond Sale.—Oa Jan. 8 the $13,000 Qf 10year water and light bonds described in V. 79, p. 2707, were awarded to the Clearwater County Bank of Bagley. In addition to tfce above we have recotded during tbe Bagley (Minn.) School District.— Bond 6a/e.— This dismonth of December the following sales by mnnicipalitiesont trict has sold at par to U. M. Stoddard & Co. of Minneapolis an issue of $4,000 5^4% school-house-oompletton bonds. Daside the United States. nomination, $1,000. Date, Nov. 1, 1904. Interest, semianPaa*. Name. 2760.. Hawaii Bonds of Ajiebioan Posssbsiokb. Rate. Maturity. Amount. 4J4 Out 2808..Galii8boro (N. W. T,) Soh D No. 229 2809. .Mefliolne Hat (N.W.T.) Soh. Dint No 76.... 128..Middleei-x Co.. Ont. .. 128. .Moose Jaw. N. W. T.. 2667..0rangevllle. Ont 129.. Portage la Prairie. Man 4 6 1905-1934 55,000 100-002 4.000 1C3'125 5 1905-1924 20.000 4 5 1924 1910-1954 83.000 160,000 15,000 14,559 100 101-50 100 413 5 1906-"l924 too 98-53 2810..Thoma8ViIle. Ont, (2 4 12,5G0 93-76 lesuee) 2710. .Victoria, B. C. (3 4 41,788 97-01 Total ia. ) . $367,102 REVISED TOTALS FOR PREVIOUS MONTHS. The following items, included in our totals for previous months, should be eliminated from the same, as the salee have not been carried to completion. We give the page number of the issue of our paper in which the reason for the failure to corsummate the sale may be found. Page. Name of Municipality, 177. .Aberdeen, Miss. (November ilst) 2759..Afhtabula Townehlp (Ohio) Soh. Dlst. (Sept. 177..Caeoa(3eOouDty, Mont. (Nov. list) 2810. .Taylor, Texas (Aogufst list) 182..Topeka, Kan. (November list) Amount. $70,000 S,o< list) 10.000 26.000 55.000 Bond Calls and Redemptions. Chieago Shnmway, (111.), | Maturity, $2,C00 in 1914 and $2,000 in 1919. Baton Ronge, La.— Bond talc—Oa Jan. 10 the $240,000 ii permanent- improvement bends described in V. 79, p. 2807, were awarded to the Hlbernia Bank & Tiust Co. of New nual. Price. tl910-1920 $1,000,000 Bonds Sold bt Canadian Munioipalitibb. 2665.. Colchester So. Twp.. 5 $11,265 270?. .East Toronto. Ont B. South Park.— Bond CaH.-Edward Q. Secretary South Park Commissioners, calls for payment at the Chicago National Bank, Chicago, the folio w/ng bonds of the issue of 1891 Orleans at par. Bellefontalue, Ohio.— Bond Sale.—Oa Dec. 31 this city sold at par and interest to the Belief ontaine National Bank of Beliefoutaine an issue of $7,500 5^ refunding bonds. Denomination, $500. Date, Dec. 31, 1904. BeikToe, Pa.— Bond* Authorized.— The Borough Council has paeised an ordinance providing for the issuance of the $80,(jO0 improvement bonds recently voted. Bemidji, Minn.— Bond Oj^erz»3flr.— Proposals will be received until 8 P. M., Jan. 30, by H. W.Ballev, Village Recorder, for $10,000 5% 20-year funding bonds. Denomination, $500. Interest, gemi-annual. Certified check for $200 required with each bid. Berkeley (Cal.) School District.— Bond Election Proposed -The Board of Education has decided to call an election to vote on the question of issuing $150,000 school-Improvement bondp. Biiiglifimton, N. Y.— Bond S'aie.- On Jan. 9 the $9,CO0 4^ firt -station bocds described in V. 80, p. 127, were awarded to the Binghfcmton Saving8 Bank at 101*50 and accrued Interest. Following bids were received Blnghamton Savings Bank.... •101-60 W. J. Hayes & Sons. Cleveland. 101-60 lOl'tS Geo. M. Hahn, New York • And accrued Interest. Bridgevlile School District, Allegheny County, Pa.— Bond Sule.-TbiB district, we are InformeJ, his sold at par to E. H. Qay & Co., New York, an issue of $40,000 ii 20 30year (optional) sohool-building bonds. Interest, February and Aogust. Butte County (P. 0. Belle Fourche), S. Dak.— Bond Sale. - On JtiU, 2 the $20,000 5i 5-10-vear (optional) coupon bridge bonds described in V. 79, p. 2807, were awarded to N. W. Harris & Co., Chicago, at 101 69 and interest. Follow iog are the bids: : I I THE CHRONICLE. 178 W. Harris ft Co.. ChlcaRo $20,338 00 Trowbridge & Nlver Co.. Chlc.*19,600 00 Duke M. Farson & Co.. Chic. 20,126 00 Camdeu, N. 3.— Bonds Authorized. The City Council has authorized $20,000 relunding bonds. Cascade Couuty (P. 0. Great Falls), Mont.— So»d Sale Not Consummated. We are Informed that the sale on Nov, 14 of the $10,000 4% bonds to the Royal Trust Co. of Chicago was declared by the Attorney- General to be null and void, for the reason that the bonds had not first been offered to the State Board of Land Commissioners, as required by law. These bonds are now being re-advertised in the Chronicle, the sale to take place on Jan. 31. See V. 79, p. 2707. Cassville, Wis.— Sowds Voted.—TMb village has voted to issue $4,500 electric-light bonds. M. I . | — — Cedar Falls, la.—Bond Sale.~The $4,500 cemetery bonds mentioned in V. 79, p, 2165, have been sold to Geo. M. Bechtel & Co. of Davenport at par for 4J^ per cents. Securities are dated Jan. 2, 1905. Charlotte, Tenn,— Bonds Voted.—This place on Dec. 27, by a vote of 63 to 0, authorized $8,000 4^ railroad- aid bonds. Chester (W. Ya.) School District. Bond Election.— It is stated that an election will be held in January to vote on the question of issuing $25,000 building bonds. Cincinnati, Ohiii.—Sales for the Year.— The report of the Sinking Fund Truatees reveals the fact that during the year 1904 ttis city sold $3,739,500 general and $397,809 62 assessment bonds, These disposals by the city were duly recorded in the Cheoniole, the only exceptions mainly sinking fund takings being as follows — — : a $25,000 80-year street-repair bonds, dated Jan. 1, IPOt. 15,000 a'^% 20-year street-resurfacine: bonds, dated Nov. 1, 1903. 5,U0O 3^« ao-year sewer bonds, dated Nov. 1, 1H03. 30,000 4% 30-year library-site Donas, dated Oct. 1, 1901. 30 000 i% SO-year street condemnation bonds, dated Sept. 1, 1904. [Vol. lxxx. — Dallas County, Texas.— Bonds Registered-Sold in Part. State Comptroller on Jan. 5 registered the $500,000 i% 1040year (optional) road bonds votad at the general election last fall. Securities are dated Jan, 2, 1905. The State Board of Education later purchased at par $300,000 of these bonds. Dunkirk, N. Y.—Bond Sale.— Oa Jan. 7 this city awarded at par to the Lake Shore National Bank of Dunkirk an issue of $23,330 79 i% Eik Street improvement bonds. Denominations, thirty-six of $500 each and nine of $592 31 each. Date, Dec. 20, 1904. Interest, annual. Maturity, $2,592 31 vearly on Deo. 20 from 1905 to 1913, inclusive. Edlnbarg, Christian Coanty, 111.— Bond Sale.— This village recently authorized $18,000 bonds, and we are advised that the securities have already been Issued and sold. Elgin, 111.— Bond Sale,~Oa. Jan. 3 $14,000 water-worksimprovement bonds were awarded to E, H. Rollins & Sons, Chicago, at 100'411. Following are the bids B. H. Rollins & Sons, Chlc... 114,057 54 N. W. Halsey & Co., Chic... 113,940 00 S. A. Kean. Chicago 14 028 00 N. W.Harris & Co., Chic 13,9»2 00 MacDonald.McCoy &Co.,Chi. 14,027 00 R. Kley bolte & Co.. Clncln. 13,925 00 Denomination, $500. Date, Jan. 1, 1905. Interest, semiannual. Maturity, $5,000 in 1908, $5,000 in 1909 and $4,000 in The H : . . 1910. Elgin Township Union School District No. 46, Kane and Cook Counties, 111.— Bond O^eringr.— Proposals will be received until 2 p. M,, Jan. 21, by H. L. Given, Township Treasurer, for $45,000 A% high-school- building bonds. Date, Jan. 1, 1905. Denomination, $500. Interest payable annually on July 1 at office of the Township Treasurer. Maturity, July 1, as follows $5,000 in 1907, $5,000 in 1909, $5,000 in 1910, $15,000 in 1918 and $15,000 in 1914. Authority, Illinois Statutes, School Law, Act approved May 21, 1889; approved and amended April 24, 1899, Article 9, Sections 1 to 7, inclusive; also election held June 11, 1904. Certified check for $500, payable to the order of H. L. Given, Treasurer, re: 166 314 25 assessment bonds. Clear Lake, S. Dak,— Bonds Not Yet Sold.— No sale has yet been made of the $9,000 i% gold coupon water-works bonds which this city has been offering for sale. See V. 79, p, quirec!. Essex County (P. 0. Salem), Mass.—iVbfe Offering.— Froposals will be received until 10 A. m., Jan. 17, by the County Commissioners of Espex County, for $50,0C0 3i^^ notes, issued under the authority of Chapter 266, Laws of 1902. Date. Jan. 20, 1905. solved. Fort Scott, Bourbon County, Kan.—Bond 0#ertngf.— ProClinton Coanty, N. T.—Bonds Not Sold.—No satisfactory bids were received on Jan. 2 for the $6,000 d}4% bonds de- posals will be received until 5 p. m., Feb. 7, by J. O. Brown, City Clerk, for $134,000 4.%% bonds for the purchase of the scribed in V. 79, p. 2760. Colnmbas, Ga.— Bonds to be .Eriajcfeawflfed.— Of the $44,500 plant of the Fort Scott Water Supply Co. Denomination, Date, April 1, 1905. Interest semi-annually at the $1,000, 4i% refunding bonds described in V. 79, p. 2484, $17,500 will be exchanged as soon as printed to take up a like amount State fiscal agency in New York City. Maturity, April 1, which matured Jan. 1, 1906, the holders of the old bonds 1935, subject to redemption at 102*50 and interest on any intaking the same in place of the maturing securities. The terest date upon six months' notice, bonds so paid to be greater portion of the old bonds are held by the Columbus drawn by lot. Authority for issue, Chapter 88, Laws of 1903. Certified check for $500, payable to W. T. Seagrove, Savings Bank. Columbus, Ohio.— Bond Sates.- The sinking fund trus- City Treasurer, required. Fort Worth, Tex.— Bonds Registered,— On Jan. 5 the tees have purchased at par and interest the following bonds: State Comptroller registered $10,000 4^ 40-year refunding 11,000 i% 10- year street reparing bonds, dated Sept. 1, 1904. 8,600 4:% bonds for sundry streets. bonds of this city. Securities are dated June 1, 1901. 1,200 *ii% sewer assessment bonds, dated Dec. 30, 1904. Maturity, Sept. 1, Gardner, Mass.— Bond Sate,— On Jan. 10 the $45,000 SJ^^ 1907, optional Sept. 1, 1905. 4,0C0 il4% public improvement bonds, dated Nov. 1, 1904. Maturity, Mar. 1, sewer scrip described in V. 80, p. 127, were awarded coupon 19 6. 70,000 i% 10.30-year (optional) electric light bonds, dated Sept. 1. 1904. to Blodget, Merritt Co., Boston, at 100 "16 and interest. 422,000 4% dam and reservoir bonds, dated Feb. 27, 1904. Maturity. April 1, 100 •039 and interest was received from R. L. Day bid of 1934, optional April 1, 1914. 21,000 i% levee bonds, dated Oct. 26, 1908. Maturity, Sept. 1, 1933, optional Co. of Boston. Sept. 1, 1913. Bonds Not Sold.— No sale was made on Jan. 10 of the $15,35,000 i% levee bonds, dated Sept. 1. 1904. Maturity, Sept. 1, 1934, optional Sept. 1, 1914. 000 35^!? school-house notes described in V. 80, p. 127. 28,000 i% 10-30 year (optional) flre-engine-house bonds; dated Nov. 1, 1904. Glendive, Mont.— Bonds Voted.— Oa Jan. 7 this city, by a 25,000 4« 10-3 year (optional) market-house bonds, dated Sept. 1, 1904. 8,000 41 machine-shop bonds, dated Sept, 30, IwOS. Maturity, Sept. 1, 1933, vote of 133 to 9, authorized the issuance of $50,000 wateroptional Sept. 1. 1»13. works bonds, 7,000 4% street-sign b nds. dated Sept. 1, 1904, Maturity, Sept. 1, 1934, optional Sept 1, 1914. GlOTersTille, N. Y.—Bond O^eringr.- Proposals will be re2,000 i% 10-20-year (optional) Livingston Park bonds, dated Oct. 1, 1904. ceived until 2 P. M,, Jan. 31, by O. L. Everest, City ChamCookevilie, Tenn.— Bond U^ertwgi. —Proposals will be re- berlain, for $15,000 4}>^i sidewalk, curb, gutter and pavingceived until 12 M., Feb. 1, by O. Halladay, Recorder, for improvement bonds maturing as follows : the $25,000 5% coupon water, light and street bonds men- $3,800 In one year -three $1,000, one $500 and three $100 bonds. 3,200 in two years— three $l,00i) and two $100 bonds, tioned in V. 79, p. 2760. Date, Feb. 1, 1905. Denomination, 2,800 In three years- two fl.OOO, one §600 and three $100 bonds. Interest semi-annually at the Bank of Cookevilie. $500. 2,7iio in four years— two $1,000, one $600 and two $100 bonds. 2,500 in five years— two $1,000 and one $600 bond. Maturity, Feb. 1, 1925. Certified check for $500, payable to O. K. Halladay, Recorder, required. The town has no debt Securities are dated Feb. 1, 1905. Interest semi-annually at present. Asseseed valuation, $300,000. at the Fourth National Bank, New York City. Covington (Ky.) School District.- Bond Election— Grand Yalley Irrigation District, Colo.— Bonds Not Yet are informed that this district some time this year will vote So/d.— No sale has yet been made of the $585,000 Q% 13-20on the question of issuing $75,000 school bonds, year (optional) irrigation bonds which this district offered Denver, Colo.— Bids.— Following are the bids received without success last May. The highest bid received up to Dec. 27 for the $758,759 50 5% refunding and the $540,722 77 date has been 95. See V. 78, p. 1922, for description of bonds. Bond Sale.— Oa Jan. 10 the $60,5% funding bonds awarded, as stated two week's ago, to AlGuilford Coanty, N. bert C. Case and Harriman Co., New York City : 000 5% highway-improvement bonds described in V. 79, p, Prem. Bid. Per Ct. 276^, were awarded to F. R. Fulton Co. of Chicago at Albert C. Case and Harriman 4 Co New York, jointly— Following are the bids For funding bonds, par, accrued interest and premium of.. $60,885 00) ....pep no* 175. For refunding bonds, par, accrued interest and premium of. 85,485 25 > F R. Fulton & Co., Chicago.. $H6,t05 00 Union Sav. B'k & Tr. Co..Cln.$64.850 90 Co., Cleve., and Seasongood & Mayer, Cm.— Denison, Piior O'Connor & Kahler. N. Y ... 66.810 00 iJenlson, Prior & Co., Cleve80,fl30 00) ,,f,.o„« For refunding bonds, par and premium of land aud Boston 64,086 00 Well, Roth & Co., Cincinnati. ea,b(io 00 " "^' For funding bonds, par aud premium of 57,466 00) t)5,480 50 Southern States Loan & Tr. N. W.Harris&Co., N. Y lovelimd; Union Savings J. Hayes & Sons, 1353, for description of bonds. — Clinton, N. Y.— Injunction Dissolved, The temporary injunction restraining this village from issuing the $7,000 electric-light bonds mentioned in V. 79, p. 2655, has been dis- & A & I K We C— & & , : dfc W. Bank, Cincin and Latnpreclit Bros. & Co., Cleveland — For Ejt bonds (entire issue) For 4i^t bonds (entire issue) For 4% bonds (entire issue) Conliijcnral Trust Co., Denver— For entire issue N. W. Harris & Co., Chicago— For funding entire (J54ii,722 77) and $210,OOJ of refunding. W. K. Todd & Co., Cincinnati— For fundlni/, par, accrued intere.st and a premium of Forl)^* bondH, par, accrued interest and premium of For 4'4* bon<is, par, accrned interest and premium of For $200,000 refunding 4s, premium of B. H. flollins (& Sons, Denver— Porf.Sbonds Kor4^% bonds MacDonald, McCoy & Co., .1. K. Fulton & Co. and B. H. Gay A, Co., Cnicago— For $200,0(jO refunding, par, accrued Interest and prem, of. For all of funding, par, accrued Interest and premium of... < Snacongood nuti, . Henry WUcdx 110-400 104'770 9yi3 108-953 Mayer. (Clncln, e5.138 00 Co., At tanta e5,(..0lJ 00 H. (;ofl)n, Chicago Ivoan & Trust Co., 00 ... e4.0«2 Wi nston-Salem Farson. Leach a. Co.. Chic... 04,910 00 W.J. Hayes* sons. Clave... 64,334 Oii C. Wacovia Co.. Charlotte Baker, Watts A Co., Bait Webb&Co, Clucin... A. Kleypolte 4 Co.. Clncln. K. D. Shepard &CO..N. Y.... J. Elwood Cox, High Point (tor$U,O00) C.A. 6.5,03100 . i I 1 . 8:5,90000 63,335 00 63,l.i500 63,( 00 00 62.6^6 00 10,70000 64,413 23 1C8-58 48,8W7e 107"999 HicksYilltt (N. ¥.) Fire District. —Bond Oj^eringf.— Proposals will be received until 2 p. M. Feb. 2 (sale postponed from 1(17685 104-15 Jan. 5), by John H. Huhn, Chairman Board of Fire CommisDenomination, $600. sioners, for i|6,000 4% coupon bonds. Interest, annual. Maturity, $800 yearly on April 1 from 1906 to 1915, inclusive. Certified check for 5% of the amount of bid, payable to the Treasurer of the Hlcksville Fire District, 18,925 27 2,000 00 250 00 14,S39 00 ) in7.JiQ " 40,167 68) Denv«r ottered to exchange $10,000 of Blyria public buildings for $10,000 of the bonds at 65^. ot <S. Robinson-Humphrey (i% required. | — Ingram, Pa.— Bonds Not Sold, No sale was made of the and sewer bonds offered on Jan. 8. Bonds $15,000 i% street — — : THE CHRONICLE. Jan. 14, 1905.J will be re-advertlsed. Denomination, $1,000. Date, Jan. 3, Interest, semi-annual. Maturity, $1,000 on Jan. 2 of 1905. the years 1909, 1910, 1913, 1913, 1922, 1924 and 1925; $3,000 on Jan. 2 of the years 1915, 1917, 1919 and 1921. Johnson City, Tenn,— Bond Sale an Old One.— Farther investigation reveals the fact that the sale of $25,000 improvement bonds mentioned in the Chronicle two weeks ago is an old one, having taken place early last year and recorded in the Chronicle of Feb. 6, 1904. The purchaser was Albert Co. of Cincinnati. Kleybolte Jnllaetta, Idaho. Bonds Not Sold,— Owing to an error In the proceedings, the $5,000 Q% 20-year water-works bonds offered on Oct. 24 (described in V. 79, p. 1491,) were not sold and the bonds have since been withdrawn from the market. & 179 are advised that the compromise was defeated by a vote of 2,640 to 2,400. It is stated that the principal of this debt, together with judgments and accumulated interest, now aggregates over one million dollars, and the proposition just defeated proposed to compromise this debt, we are informed, at 18 cents on the dollar. Madison County (P. 0. Anderson), Ini.—Bond Sale,— On Jan. 5 the $45,000 8^^ funding bonds described in V. 79, p. Co., Indianapolis, at 3709, were awarded to J. F. Wild 100 '566. Following are the bids J. F. Wild & Co.. Ind'apollB. .|45,255 00 B. D. Bu8h & Co., Indlan'Us.. $46,185 00 Marion Tr. Co., Indiaoapolis. 15,160 00 Bl wood State Bank, Elwood. 46,100 00 & Anderson B'k'g Co..Ander8'n 46,150 00 0. Indianapolis), Ind.— Bids.— Following are the bids received Jan. 4 for the $170,000 d}^% couSchool District.— Temporary/ Loan.— This pon bridge bonds awarded, as stated last week, to J. F. Wild district- has borrowed $25,000 from the First National Bank & Co of Indianapolis March 1905. Kenosha Maturity, at 5%. 1, of $172,555 R. Kleybolte & Co.. Clncin $170,846 J. F. wild & Co.. Indian'lis Jos, T. Elliott & Sons, Ind'lis. 170,148 Eingrsland (Texas) Independent School District.—jBonds B. D. Bush & Co., Indlanap'Hs. and rar8on.Leacb&Co.,Ctaic. 171,450 iS. A. Kean, Chloago 170,000 Registered,— On Jan. 4 the State Comptroller registered an Indiana Tr. Co., Indianapolis.. 171,074 issue of $2,100 6^ 5-20-year (optional) sohool-house bonds, Millvale, Pa.—Bond Election,— It is stated that the at dated Jan. 1, 1905. February election the question of Issuing $15,000 building Eitgap Connty (Wash.) School District No. 42.— Bond bonds will be submitted to a vote. Sale,— This district has sold to Wm. D. Perkins & Co. of Moniton, Iowa.-Bond Sale,— Thie town has sold $8,500 5^ Seattle at par an issue of $2,450 6% 5-10-year (optional) school funding bonds. bonds, dated Nov. 1, 1904. Denomination, $100, except one Navarro County (P. 0. Corsieana), Texas.— Bond Offerbond for $150. Interest, annual. ing. Proposals will be received until 10 a. m., Feb. 15, by Liberty Center, Ohio.—Bond Q^ertngr,— Proposals will be the Commissioners' Court, for $180,000 of the $150,000 i% received until 7 p. M,, Jan. 26, by the Finance Committee coupon court-house bonds mentioned in V. 79, p. 3486. The and J. S. Mires, Village Clerk, for $1,000 6% 1 10-year (op- remaining $20,000 of the issue will be taken by the school tional) coupon fire -protection bonds. Date, Dec. 1, 1904. fund of the county. Date, Jan. 2, 1905. Denomination, Denomination, $100. Interest, semiannual. Authority, Sec$1,000. Interest, April 10 and Oct. 10 at Corsieana. Bonds tion 2835 of the Rbvised Statutes of Ohio. Each bid must be mature in 40 years and are subject to call in 5 years. These accompanied by $200, either in money or a certified check, securities have been approved by the Attorney- General of and the successful bidder will be required to pay accrued in- the State of Texas. Each bid must be accompanied by 1% of terest. the amount either in cash or a certified check, made payable Bond Offering, Proposals will also be received until 12 ;m., to C. L. Jester, County Judge. The county has no debt at Feb. 16, by the Finance Committee and J. S. Mires, Village present. Assessed valuation is about $14,C00,000. Clerk, for the following bonds Newark, Ohio.— Bond Sale Valid,— The Judge of the Com$1,800 5% 1-6-year (serial) coupon Damascas Street bonds of $300 each. 2,100 5% 1-6-year (serltil) coupon Bast Street bonds of $360 each. mon Pleas Court on Jan. 9 rendered a decision upholding the Securities are dated Feb. 1, 1905. Interest, semi-annual. right of the oity officials to sell at private sale the $300,000 Authority, Section 95 of the Municipal Code of Ohio. Each i^i water bonds awarded last month to Seaaongood & Mayer bid must be accompanied by |2C0, either in money or a certi- of Cincinnati and Denison, Prior & Co. of Cleveland and See V. 80, p. 128, and V. 79, p. 2761. fied check, and the successful bidder will be required to pay Boston. New Castle, Neb.— Bonds Not Yet Sold.— No sale has yet accrued interest. Separate bids to be made for each issue, Lincoln, Minn.— Bond* iVot SoZd.— This town on Dec. 23 been made of the $6,500 5% 10-20-yesr (optional) water-works bonds which this village has been offering. It is possible, we offered without sueoees $1,200 funding bonds. Lincoln Couniy School District No. 59 (P. Q. Wilbur), are informed, that the bonds may be taken by the party Wash.— Bond O^enTtgr.- Proposals will be received until 2 securing the contract to put in the works. See V. 79, p. 3166 p. M, to-day (Jan, 14), by Isaac J. Minnick, County Treas- and 1356 for description of bonds. New York City. Bond Issues.—The following issues of urer (P. O. Davenport), for $32,000 high-school- building bonds. Date, June 1, 1905. Denomination, $1,000. Inter- corporate stock of New York City were taken by the einking est (rate to be named in bid) semi-annually at Davenport, in fund as investments during the month of December Purpose, InVst Bate. Amount. New York or Chicago exchange, if desired. Maturity, 20 municipal purposes 3 $46,000 years, with option to redeem |2.000 yearly after 3 years. Various Water, Burongh Brooklyn 3 36,000 461,676 3 Authority, Sections 117 to 130, Chapter 7 of School Code. Assessment bonds The district has no debt at present. Assessed valuation, »$622,676 Total Eeuosha Marion County (P. (TYis.) : I . I | — — : : $445,953. Logan Township (P.O. firodhagen), Out.— Debenture Offering,— PropoBola will bs received until 12 M Jan. 30, by Francis Jacob, Township Clerk, for $6,500 ii 20 year railway-bonus debentures. Date, Feb. 23, 1904. Denomination, $500. Interest annually at the Merchants' Bank of Canada, Mitchell, Out. Accrued interest to be paid by purchaser. McEeesport, Pa.— -Bond S'aie,— On January 6, 1905, this city awarded $25,000 4 per cent coupon bonds to the First National Bank of MoKeesport for $25,250 and accrued interest; $50,000 bonds were offered, but the city retained $25,000 of the securities. Bonds are issued for the following purposes Extension of water mains, new water mains to replace old ones, erection of a new garbage furnace and the installation of the new underground fire and police wires. Date, Jan. 1,1905. Denomination, $1,000. Interest , : semi-annually at office of the City Trersurer. Maturity, Jan. 1, 1931; $2,000 will be redeemable yearly from Jan. 1, 1910, to 1925, inclusive, and $3,000 from Jan. 1, 1926, to Jan. 1, 1981, inclusive. McEeesport (Pa.) School District.- Bonda Not Sold— Bona Ojffering.—No bids were received Jan. 3 for the $254,000 S}4% coupon school-building bonds described in V. 79, p. Proposals are again asked for these bonds, this time p. M,, Jan. 16, by C. P. Fiedler, Secretary of the School Board. Denomination, $1,000. Date, Jan. 3, 1905. Interest semi-annually at the office of the City Treasurer. Maturity as follows on Jan, 2: $5,000 yearly from 1910 to 1914, inclusive; $8,000 yearly from 1915 to 1919, inclusive; $10,000 yearly from 1920 to 1924, inclusive; $12,000 yearly from 1925 to 1939, inclusive; $15,000 in 1930, and $16,000 yearly from 1981 to 1934, inclusive. Certified check for $1,0C0 on a national bank, payable to C. P. Fiedler, Secretary Board of Education, required. Bonds are exempt from all 2808. until 5 taxes. ture for the purpose of releasing the surplus revenues of the Sinking Fund and allowing the money to be applied to the reduction ot taxes. The plan was explained in theCHRONlCLE March 14, 1903. We do not include these bonds in our monthly totals. In addition to the above bonds, the following " revenue bonds" (temporary Revenue bonds— Special RevBQue bonds— 1902 Revenue bonds-1903 Revenue bonds— 1004 Total securities) were issued : $510,087 $4.0i'0,000 5,475,000 3,130,000—12,605,000 »13,116,027 North Hempstead (P. 0. Mineola), N. Y.— Bond Offering. Further details are at hand relative to the offering on Jan. 19 (mentioned in last week's Chronicle, p. 138,) of $20,000 4% Middle Neck Road improvement bonds. Series No. 3. Proposals will be received until 3 p. m. on that day by Edwin C. Willets, Town Supervisor, for these securities. Authority, vote of 1,158 in favor of to 689 against at election held Nov. Interest annually at the 8. 1904. Denomination, $1,000. Nassau County Bank in Mineola. Maturity, $1,000 yearly on Jan. 1 from 1906 to 1935, inclusive. Certified check for 10^ of amount of bid, payable to the said Supervisor, required. The official circular states that the town has never defaulted — in payment of principal or Interest and that there is no litigation affecting this issue. Bonds have been approved by George B. Stoddard, Counsel to the town. Proposals will be opened and the award made at 12 M., Jan. 30, at the office of said Town Counsel. North Platte, Neb.— BoTids Voted.— On Jan. 3 this city voted to issue $60,000 water-woiks and $30,000 sewer i% 5-20year (optional) bonds. Interest payable semi-annually. The vote was as follows : Water, for 434, against 140; sewer, for 433, against 156. Date of sale and other details not yet de- termined, MoEinney, Texas.— Bonds Not Yet Sold— Bond Offering.— No sale * Outside of the regular bonds taken by the Sinking Fund, $3,C0O,000 "general fund bODds " were l urned over to the fund. Tb Is makes the second Issue (or $9,600,000) of these bonds this year nnder the Special Act of the Legisla- has yet been made of the $8,000 4^ 15-20- year (optional) electric-light bonds described in V. 79, p. 694. Proposals will be received at any time for these bonds by J. L, Doggett, Mayor. If the city is offered par for the same the bid, we are informed, will be accepted. Macon County, Mo.— Compromise Defeated,— special election was held Deo. 30 to vote upon the question of compromising the county debt known as the Missouri Mississippi Railroad aid bonds, mentioned in V. 79, p. 1852. A & We Oneida County (P. 0. Utica), N. Y.— Bonds Authorized.— This county has authorized the issuance of $31,660 improvement bonds. We are informed that these securities will probably not be advertised for some time. Orange, Texas.— Bonds Not Yet Sold,— No sale has yet been made of the $5,000 5^ 40year city-hall bonds which this oity has been offering. See V. 79, p. 1980. Osceola, Neb.— Bond 8ale,-0a Jan. 2 the $25,000 6% water bonds described in V. 79, p. 2762, were awarded to N. W. Harris & Co. of Chicago at 101 '06 and accrued interest. THE CHRONICLE. 130 I Vol. lxxx. was passed authorizing the issuance of $100,000 high-school of Bonds Demanded.— la the . ^ ^ Chronicle Dec. 81 we stated that the $8,000 5^ electric light bonds, Uacine Connty (P. 0. Racine), Wig.— Bond Sate.— Oa Janbonda offered on Dae. 6 had rot been sold and that the same asylum bonds described in V. 79, p, uary 9 the $100,000 had been withdrawn from the market, this data being fnrSons, Chicago, at E. H. Rollins to awarded 2809, were by are now advised, however, niebed us by the Mayor. bids the are 103*266. Following to awarded were bonds J. M. Holmes of Chicago that the 50 First Nat. Bank of Racine. .»102,000 Oa B. H. XI. RoHlns Song. Chic. »1 02,266 a^, ,iiB » & ou . him and that he was so notified by a city c facial. L>\ter he T. J. Boleer&Co.. Cblcago. ioa.266 00 gjgyjjQijg ^ cp Cincinnati. 101,800 00 been had 00 C< moiercial & Savings Bk., tonds 108.266 Chicago the N. W. Halsey & Co., also was informed by the Mayor that 101,77600 Racine Manufacturers' Nat. Bank, _ .^ „ that demanded has he that writes Holmes 108,25000 Demson, Prior & Co., Clevewithdrawn. Mr. Racine 101,38100 land and Boston 00 102.010 N.w. Harris & Co., Chicago. tbe contract with tim be carried ont. , ^^ $40,0C0 i% the Jan. 7 Oa an Sale. that Bond advised Ohio.— are Ravenna, We Saie.— PaiuesTllSe, Oaio.— Bowdt taken been in V. 79, p. 2762, were awarded to has described sewer bonds bonds water-sewer stormof $12,500 5;r if sne at 100-145 and interest. by the tinfeiDg fnnd trustees. Date, Oct. 1, 1904. Denom- Seasongood & Mayer, Cincinnati, bids FollowiDg the are eemi-annnal. ^ Interest, ination, $500. weasonirood & Mayer. Clncln.»40.058 00 Second Nat. Bank. Ravenna. JIO.OOO OO Pearl Kirer County, Miss.— Correction.— It appears from Ravenna Nat. Bk., Ravenna. 40,000 00 data which we now have at hand that the reports ressrding R'diBiids Cttl.— Bond Election.— An ordinance was recently introdaced in the Board of City Trustees fixing upon tte sale of bords of this county, publshed in the Chronicle tacts, March 14 as the date on which the question of issuing $17,000 of Jan. 7 and Deo. 31, are not in accordance with the is truth The sources. official from U3 furnished allhongh fire-department bonds ia to be submitted to a vote of the people. that a contract was entered into on Nov. 7, 1904, between John Nuveen & Co. of Cbioago and the Board of Supervisors Rochester, N. Y.— Temporary Loan.— This city on Jan. 9 Co., whereby the Chicago firm agreed to take $25,000 5% road awarded a temporary loan of $2C0,000 to Blake Bros. Followinterest. bonds (not eewer, as stated last week), paying therefor $35,- New York City, for $42 premium and charge. ing are the bids 850 and furniehing lithographed blank bonds free of |10,000 Maturity, 3%< Goldman, Sacbs & Co.(preni. tl0).3*60)t of $500. BlafeeBros, &Co, (prem. $42) The bonds are in denomination 3 35* Rochester Sav. Bank. Rochester.. 3-60)t bond & Goodwin, B ston and 1925, April 1, $5,000 April 1929, 1, 000 $5 April 1,1915. H-lf'jt Broadway Sav. Institution, N. Y..3'74< K. E. Jennison (prem. til) 3-75)1 SSOJ J. & W. Sellgman * Co.. N. T H. L Ansiey (prem. «100) $5,000 April 1, 1930. . ^ . Dibenture ^^ ,. ^ 1W15, maiucfs Jane 12, Loan OniIsland). Pelee 0. P«^lee T«.wnKh>p (P. by William Roxbnrg (Idaho) Schoiil Wistrfct.- Bond Sate.— This disOff erjrio.— Proposals will be received until Jan. 28 has f o!d at par to the State Board of Land Commissiondebentures, trict drainage for $800 Stewart, Township Clerk, ers $3,000 5% 15 20 year (optional) bonds. Denomination, maturing part yearly for five years. *«£,«« Date, Dec. 15, 1904. Interest, January and Jaly. $1,000. the $7,800 Jan. On 3 Sate.Pine tttunty, Minn.— Bond -^ Rassell County (P.O. Lebanon), Ya,- Bond Offering. 6year poor-farm bonds described in V. 79, p. 2857, were Bays, L, by L. uiry Jai 25, until received inProposals will be accrued 108-91, awarded to F. A. Magraw of St. Paul at coupon courthouse and jail the County Clerk, for $'8,000 terest and blank bonds for 5 per cents. Following are Date, $8,000 Feb. 1, 1905, and $10,000 Jane 1, repair bonds. bids Denomination, $1,000. laterest, semi annually at 1905. 'IS.IOS 00 E. U. Rollins & Sons. Chic F A Mneraw St. Paul 7.900 66 Ch caso '2!>S^55§ Maturity, annually on Feb. 1, as follows: $1,000 f: H Welfcc^e. M.nncapolis.*8,100 00 N. W Halsey 4 Co Lebanon. JP"'"' Oxford, mas— Delivery a & We : , I I ••. . : i I & m% H H : I . I . . 1 K. K.ievbolt,e«c;<...Cincin.... 8.025 00 John Nuveen & Co., Chicago. *8,C20 00 Security Trust Co., St. I • . .i, Par for 4Hs 'pwl'lauVTore.) School District No. 1.- Bonds Authorwed.— At a meeting of taxpayers held Dae. 27 a resolution NEW ^10,000 Westchester County, N. Y. BONOS. The Common Council Depot Place, in the Lncas Building, will at the City of Mount Vernon on the 17TH DAY OF JANUARY, 1906, at 8 H. M., receive •ealed proposals for he purchase of one hundred and sixteen (116) Refunding Bor.dS'.f said City of Mount Vernon numbered consecutively as Issued from one hundred and eleven (ill) to two hundred and twenty-six (226), both inclusive, and the faid one hundred and sixteen (116) bonds will be sold to the hlchesi bidder at a public sale to be held at said time i and place. ^ *„ These are a series of bonds which are authorized to be Issued undtr aod pursuant to Chapter 849 of the Laws of 1904. Bach bond will be for the principal will bear sum of One Thousand (»1,C00) Dollars and inierestat the rate of Four per centum peraniium , . ,_ , payable semi-aunually at the offlre of the City Treasurer of the City of Mount Vernon. They will be dated January 1, 190ft, and payable as follows $20,010 on the 1st day of January, 1915. $-0,0ii0on the istday of .lannary, 1918. $20,000 on the Ist day of January, 1917. %-M,' 00 on tbe Ist day of January, 1>*18. |8o,0t0 on the Ist day of January, 19 19. The bonds will be delivered to the purchaser on or before the «4th day of January, 19( 5. Each bid for the said Kef ULdin^ Bonds must be accompanied oy a certified checfe for Two Thousand (««,00o) Dollars as an evidence of good faltb. That said Common Council will at said line open such proposali as mav be received and reserves the rledt to accept the bid or bids which it deems to the best Interest of the City and to reject all of said i proposals. , . « . Bonds will beenKTavPd under the supervlsloii of, and certified as to their geoutneness by the United States Mortgage 4 Trust Company, and their legality approved by J. U. Caldwi-U, Esq., of New York City, whose opinion as to legality will be furnished to the purchaser. , , , By Statute thebonds cannot be sold for less than par and accrued 1' terest. This notice la published pursuant to a resolution of the Common Council of tbe City of Mount Vernon ordering the same and bearing date the 'MVa day of December, 190 ». „„„„ , KDWARD A. F. City Clerk. Trowbridge & Niver Co. MUNICIPAL AND PUBLIC SERVICE BONDS. Ist Notice Is hereby given that. In pursuance of the provisions of Article 8, Chapter 2, Title 2, Part 4, of the Political Code of the State of Montana and of the order made by the Board of County CommlsPlonprsof Cascade County, State of Montana, at a reguUr meeting of said Board held on the Sth day of December. 1904, the said Bowrd of County Commissioners will, < n the 3lfeT DAY OF JANUARY, 1905, at 10 o'clock A. M. of said day, at the office of said B ardln the District Court House, In the City of Great Falls, Cascade County, Montana, under and by virtue of a resolution dulv adopted by said Board at a regular meeting thereof, he d on the 8th day of December, 1904, at the aforesaid said office of «aid Board, sell coupon bonds of Cascade County to the amount of ten thousand four per rate of the at dollais, drawing Interest cent per snnum, payable semi-annually on the first each day of January and the first day of July of year, which bonds will be of the denomination of one thousand dollars each, and shall be payable twenty years after the date of their Issue; provided, however, that s^ld bonds shall be redeemable at the option of said County of Cascade nt any liine after ten years from the date thereof. 1 he said coupon bonds will be made payable at any NHtlonal Bank designated by the purchaser thereof, and the said County of Cascade will deliver such bonds at The said bank to tbe order of the purchaser. Interest on said bonds will be payable at the office of the Treasurer of said .County of Cascade. Sealed proposals for the purchase of said bonds, subject to legality, will be received up to the time of sale, and the party or pa'ttes oflering the highest bid acd price tti ere tor will receive tho bonds. A. New York draft or cneck certlBed by a bank of said City of Great Kails, payable to the order of the County Treasurer of Csscade Oouniy aforesaid, to the amount of $50i-u0, must be deposited with the County Treasurer aforesaid by each bidder as a guaranty of good faith. The said Board of County Commissioners reserves the right to reject any or all bidp. „ .„ Bids on Bonds" and Bids should be marked addressed to Fred L Hill, Clerk or the Board of BOSTON, 60 State Street. BONDS s^SBk certificates Also Handsomely engraved; steel-plate eltect. thecheaoer kind, parily lithographed and partly printed from type. 100 Stock Certificates, %» to $25: the latter ei graved with slecl-plaie borders ounty Commls: loners, tireat Falls, Cascade County, Montana. _ By order of the Board of County Commissioners of Cascade County, Montana. f . KRBD with Certificates. $1 , . Seal I'ress, If CALL. Notice is hereby given that Sullivan Connty in the State of Missouri will take up and retire 30 of Its bonds Issued in the year 1898, heing 80 bonds of $1,000 each and numbered from 21 to 60, both in elusive. Said bonds will be redeemed at the National Bank of Commerce in the Ciiy and State of New York on tbe first day of February. est on said bonda will cease. W. J. 1905, when inter- MATKINS. Treasurer Sullivan County, Missouri. ANNOUNCEMENT. SOUTH PARK BONDS. To Whom it may Concern: Take notice that the following numbers of South Park Bonds have been selected and retired by the South Park Commissioners, in conformity with the law. for the annual »lnklng fund, viz.: OS, 63 66. 96. 99, 105, 191, 192, 205, 216, Z^H, 253, 261, 263, 28h 2«8, 287, 288. 298, 298, 305, 373, 463, 464 and 474. Interest will cease on the above numbered bonds on and after the falling due of their annual interest coupon at the Chicago National Bank, Chicago, ^'""°'*' SOUTH PARK COMMISSIONER?. EDWARD G. 8H0MWAT, January Secretary. 10. 1906. INVESTMENT BONDS, ttENO FOR LIST. L. UILIi. QENISON, PRIOR OO. &, BOSTON. CLEVELAND. County Clerk and elerk of said Board. Eatabllataed 1883. First publication Dec. 17th, 1004. R. L. DAY & CO., BANKERS, 35 Congress Street, BOSTON. 8 Nassau Street, NEW YORK. H. C. Speer & Company 159 La Salle Cirr COUNTY AND TOWNSHIP St., Chicago. BONDS. ===z=r MacDonald, McCoy & Oo., MEMBERS NEW YORK AND BOSTON STOCK EXCHANGES. STATE, MUNICIPAL. AND HIGH GKADE ALBERT B. KING & CO,, 1 12 William St., N.Y. UAIL.ROAU SECURITIES. (Telephone.) Kngravers and Lithographers. —elegant. BOND ' Mayor. BRUSH, „ W. KKY>OLDS, CHICAOO, Nat. Bank Bldg. COUPON BONDS. CALLS. County, Missouri. Sullivan Cascade County, Montana, Mount Vernon, REFUNDING BOND NE\y LOANS. LOANS. Sll^sOOO City of in 1906, $1,000 in 1907, $2,000 from 1908 to 1915, inclusive. Bonds are subject to call after 5 years from date. AuthorBonda are ity, Act of Legislature approved Fdb. 20, 1894. State and county taxes. Certified check for ( xempt from MUmCIPAL AMD CORPORA TfOM BONDS. 50. X7I La SaSle Street, Cbicago. I : : THE CHRONICLE. Jan. 14, 1905.] $3C0, payable to the Board of Supervisors of Raesell County, Bonded debt, $2,000. Assessed valuation, $1,required. 879,760. SaiiTiua^f Mich.—Bond OJferingf.— Proposals will be reSeyffardt, Comptroller, ceived until 2 p. M,, Jan. 16, by for $7,500 \% Eastern Taxing and |7,500 4^ Western Taxing Denomination, $750. District street- improvement bonds. Interest semi-annually at ofiBcje of City Date, Jan. 15, 1905 York City. Treasurer or at the current oflBcial bank in certified check on a Saginaw Maturity, one-tenth yearly. bank or New York draft, payable to the Treasurer of the city of Saginaw, for 2i of bonds birl for, req-iired. St. CroJx Falls, P«lk Co., Wia.-J3owds Voted.-On. Dec. 27 64 votes were oast in favor of, none against, a proposition to issue $5,000 bonds to aid in the erection of a training school for teachers in this city. Date of sale not yet deter- Wm. New A mined, St. Louis, Mo.— Sond 0#crmgf.— Proposals will be received until 12 M Mtroh 15, by Rolla Welle, Mayor, and James Y. Player, City Comptroller, for $1,000,000 Zli% 20-year gold renewal bonds. I iterest 8emt-annu<illy at the National Bank York, or at the National Bank of Scotof Commerce, land, Limited, London, England, at the option of the holder. Bonds may be exchanged for registered bonis at any tim". deposit of cash or a certifi'sd check, payable to the order of the C.mptroller (and subject to his approval) , for 5)6 of amount of bid required. San FrtiDcigeo, €al -Bo»wi Offering, Proposals will be received until 8 P. M , March 6, by the Board of SupervisorsChas. W. Fay, Clerk- for the following $2,573,800 Z%% geld . New A — — bonds hospital bonds. IUI4, inclusive 3H* Maturity, $23,000 yearly on July 1 from 1905 to 724,S00 3V4« sewer bonds. Maturity, $181,800 yearly on July 1 from 1905 to 1908, inclusive. 1,077,600 3^5S school bonds. Maturity, I8P,800 yearly on July 1 from 1905 to 1916, incluBive. 243,000 3k% street bonds. Maturity, 140,600 yearly on July 1 from IfcO.'i to IWIO, i- elusive, and hall- of -Justice bonds. Maturity, $17,400 yearly from 1906 to 19ii0, Incluslye. The above bonds will be issued in denominations of $100, $500 and $1,000. Interest, semi-annual. Bids may be made for the entire amount offered or for any part. CertlSed check for 5!^ of the amount bid, payable to Chas. W. Fay, 278,400 8H){ county-jail on July 1 TM VESTMENTS. NEW YORK CITY 181 Clerk Board of Supervisors, required with bids, it being provided, however, that no check nee(? exceed the sum of $10,Biuds are part of the issues authorized at election held 000. Sept. 29, 1903, and their legall'v has bson passed upon by tlie State Supreme Court, S^e V, 79, p. 798 ^xViTlf^, ULAn.— Debenture Sale.— Ooi J^n 3 this town sold to the Manufacturers Life lasurance C >. $13 50) 52 fire-hall Securities are doited 0;t. 1, 1904. Interbonds for |, 3,555 Maturity, 20 years. est, annual. Sbamokin, Pa.— Bonds ^ItttTiorfaed.— The Borough Council h8s authorized the Issuance of the |45,000 fire-department bonds voted at the recent general election. Somerville (Texas) ludfpendeut School District.— Bonds Registered. The Slate Comptroller on J id. 3 registered $10,0 JO 4? 3 20-year (optional) school-house bonds of this district datfd Jan. 1, 1905. Ster<ing Connty, Texas.- Bond.* Not Yet SoZd,- No disposal ha-^ yet been made of th« $35,000 it 10-40-year (optional) court-bouse bonds which this county has been offariog for Sjoorities are dated Aug, 1, 1904. J. S. Cole is County sale. — Clerk. S'oney Creek School District No. 3, Williams Connty, S'afe. — Tbis district has sold at private sale to C. C Giwran & Co. of Grand Forks an issue of $5,000 h% school-bu'ldiog bonds. Denomination, $500. Date, Nov, 26, laterest semi-annually on Jan. 1 and Jnly 1. Matur19U4. ity. Nov. 26, 1924. 10Summit, Mjss —Bond Sale.—Oo. Dec. 6 the $18,000 20-ye»r (op'ioDal) school building bonds described in V. 79, p. 2167. were awarded to Trowbridge & Niver Co., Chicago, N. Djfe.—jBond H at $260,000 — 50 l'>3 Ohio. Bonds Not ffoZd.— Proposals were asked until Dec. 15 f' r $13,000 4% street-iraproveoient bonds. We are advised by the City Auditor that these bonds have not been disposed of as the sale was enjointd by property owners. Tbe case will not be heard until May. Toledo Ohio.— Bid.— The Provident Savings Bank & Trust Co. of Cincinnati offered par and interest on Jao. 11 for the $53,752 90 4i Front Street paving bonds described in V. 79, p. 2710. This bid, we are informed, being slightly irregular, was laid over for one week by the Committee on Finance, Ways and Means. I'ifflj), , INVESTMENTS. INVESTMENTS. G. WHITE & CO., Rudolph Kleybolte&Co. J. Engineers, Coniractors, 3% an(d 3^/^% 43-49 Exchange Place, TAX EXEMPT BONDS. New BANKERS, York. Investigations and Reports on Electric Railway, Gas, Electric Light, and DKAUCBS IN MUNICIPAL, RAILROAD and STREET RAILWAY Power Transmission Propertie.s for Financial Institutions and Investors. T.W.STEPHENS & CO., and Electric Electric Eailways, Electric Light Power Plants Financed, Designed and Built. 2 Wall Street, New York. AVHITE & 22a College OorporatioD BONDS. E.H.ROLLINS & SONS, Hill, Cannon Perry, Coffin The American Mfg. Co. St. Cbiea^o. San Franeisco HAYES & SONS, BOSTON, niASS. Blodget, Merritt & Co., BANKERS, 16 36 Congress Street, Boston. NAS8AC 8TRK£T. KKW YOKH STATE. CITY & RAlLROAJi) B0N8JN Stanwood & BANK.EU8, 95 Milk Street, BOSTON. 65 Wall BOSTON. New Street, York. R. ENGINEERS. FULTON & CO., Municipal Bonds, (71 LA SALLE STREET, CHICAGO. H. M. Byllesby & Co., Co., ENGINEERS. DESIGN, CONSTRUCT AND OPERATE RAIL'WAY LIGHT, POWER AND HYDRAULIC PLANTS. T. B. POTTER, MUNICIPAL and Drikine CORPORATION CHICAGO, I, INT - «IN New York • ILiLS APPI.irA'TIOW. MERKEL OTTO JULIUS BROKEK 44 ExaminatlonB and Reports. DVJNU^, 172 Washington Street, MUNIC9PAL BONDS. E. C. CORDAGE. INCORPORATED. Bought and Sold. J. CJLETEL,AND, OHIO. MANILA SISAL AND JUTE Burr, 60 State Street, MUNICIPAL AND PUBLIC FRANCHISE CORPORATION F. BONDS W. & INVESTMENT BONDS BOSTON. DeMver. and Tiire Deposits. CO., Limited, AND Service Interest Paid on Dailv YORK. LONDON CORKESPONDENTS J. G. MUNICIPAL Public I BONDS. NASSAU STREET, NEW AND 46 WALL, 8T NEW YORK INVESTMENT SECURITIES. Correspondence Invited, Life Buiidin*', CHICACO, ILL. BALLANTYNE & EVANS, ENGINEERS, Examinations and Reports on Physical an Operating Values of Manufacturing Properties. 23 FINE STRKET, M{\% YORK. THE CHRONICLE. 182 Topeka, Kan.— Bonds Refused.— We are informed that New York City has refused the $55,000 5% sewer bonds awarded to him on Nov. 7 on the ground of Albert C. Case of illegality. : . . 7, of 1900. y alley Laws of 1846, as amended by Chapter 563, Reasoneood lanta 16,705 00 A. L. Rich Co.. Cincinnati. . 16,607 60 Denlson, Prior & Co., Cleveland and Boston 16,451 76 . Union Sav. Bk. 4 . Tr. $15,80100 16,328 00 Co 15,228 50 16,150 00 F.M.Staflord& Co., Chat'n'ga. 16.150 00 S. A. Kean, Chicago 16,015 00 Interest, annual. Whitaker School District, Allegheny Connty, Pa.— iVo Election. —The report in some of the papers that an election was to be held in this district to vote on the ques- Bond tion of issuing $20,0CO bonds we are informed, incorrect. any bonds. Worcester, Mass.— Sates for the Year.— are advised that the total bonds put out by this city during the year 1904 was $294,000. All of these issues were recorded frome time to time except $28,000 S^i 10-year stable bonds dated April 1, 1904. awarded May 4 to Kinnicutt & De Witt at 100-55. are advised that Xenia, Ohio.— Bonds Re-awarded.— W. R. Todd Co. refused to accept the $60,000 A}4% Main Street paving bonds awarded to them on Dec. 14, and that the securities were re-awarded on Dec. 30 to the Cincinnati Trust Co. of Cincinnati at 101-50. Tonkers, N. Y.—Bond Sale.— On Jan. 9 the $15,000 S^% fire-department bonds described In V. 80, p. 180, were awarded to Kountze Bros., New York City, at 100 061 and interest. bid of par was also received from S. A. Eean of Chicago. Bond Offering.— PropoBailB will be received until 12 M., January 28, by John E. Andrus, Mayor, for the following bonds: $107,000 3M% redemption bonds, mattu-ing Feb. 1, 1808. Interest, semi-annual. 6,175 3)<i* Carlyl Avenue bridge bonds, dated Feb. 1, 1W05, and maturing The is, district does not intend to issue We We & Laws County School District No. A $1,1'6 AprU 1, iyo7 ; $2,600 April 102,000 S^t assessment bonds, dated Feb. 26,000 S}i% assessment bonds, dated Feb. 27, 1904. MBSCELLAr^EOUS. 1, 1, 1, 1908, and $2,600 April 1, la09. 1906, and maturing Feb. 1, 1901^. 1905, and maturing Feb. 1, 1908. INSURANCE. >^SAAA/V^irSA> 1904. The United THE CITY OF NE W YORK. John OFFICE OF THE States Life Insurance Co. Munn, M.D., President. Finance Committee: P. ATLANTIC MUTUAL INSURANCE COMPANY, New York, January 20th, 1904. The Trustees, in Oonformiiy with the Charter of the Oompany, submit the following statement of its affairs on thejist of December, /qoj; JAMES B. PLUM Leathei on Marine Risks from Ist January, 1903, to Slst GLABENCB H. KELSEY,Pr.Tlt.Guar.&Tr.Co. Premiums Premiums on Policies not marked oflf Ist January, 1903 WILLIAM H. POBTEB,Pres. Cbem. Nat. Bank Total Marine Active and BnooesBful Agents who desire to make DIREor CONTRACTS with this weUestabllehed ftnl progressive Company, thereby Monrlng U r th-^mselves not only an tmniedlate return for tieir work, but also an Increasing umoal income commAnsorate with their snooess, are Invited to oonomonicate w tb BIOHAED E. COCHRAN, 3d Vioe-I lesldent, at the Company's Office, 277 Broad\» ay. New Assets, $9,036,626. Atlantle Mntaal Inanrano* Company Hertt of All Y«ara Boasht and Sold. JOHN M. GILLESPIE, No. 518 Atlantic BnlldlBgr, Wall Street, NEW YOBS. UnaiTING'S PAPERS. $3,174,147 73 800,368 56 $3,974,516 29 $3,250,364 45 Premiums marked off from Ist January, 1903, to Slst December, 1903 $336,185 20 Interest received during the year " " " less Taxes 111,923 77 $448,108 97 Rent • Losses paid during the year which were estimated in 1902 and previous years Losses occurred, estimated and paid in 1903 $322,490 79 83 1 ,065,141 $1,387,632 62 $146,587 55 64,028 75 Less Salvages Re-insnrances 210,616 30 $1,177,016 32 Returns of Premiums and Expenses, $467,841 97 Paid to Policyholders ia 1904, $1,200,000. Soom December, 1903.. Premiums York aty. 49.51 Chas. H. Coffin, Chlcajjo W. J. Hayes & Sons, Cleve... John Nuveen & Co., Chlc Wankegan, 111.—Bond Sate.—This city has sold $6,500 5% 1-10-jear (optional) bonds to the First National Bank of Wankegan at per. Date, Dec. 17, 1904. Denomination, $500. 7 (P. 0. Hinsdale), Jan. 8 this district sold $7,000 Q% 520-year (optional) coupon school- house-building bonds to investors in Havre, Mont., at par. Date, Dec. 1, 1904. Denomination, $500. Walla Walla, Wash.— Bond Sate.—This city has sold at par to the Barber Asphalt Co. of Seattle, $70,000 &% 1-10-year (optional) street-p&ving bonds. Denomination, $500. Date, IN & Mayer, Clncln.$15,790 25 Robinson-Humphrey Co., At- Mont.—5ond Sale.— On 1860. . . | & Council to be held at 8 p. m., Feb. 8. TrentOD, N. J.— Bonds Proposed,— An ordinance was recently introduced in the City Council providing for the issuance of $80,337 04 paving bonds. Bond Sale.— The $1,485 4^ 10-year registered sewer bonds mentioned in V. 79, p. 2810, have been sold to Geo. B. Whittaker of Trenton at par and accrued interest. University Place, Neb.— Sond Ojferingf.— Proposals will be received until 6 p. M,, Jan. 17, by T. M. Wimberley, City Clerk, for $6,000 5% coupon electric-light bonds. Date, Feb, 1, Denomination, $500. Interest annually at the fiscal 1905. agency of the State of Nebraska in the city of New York. Maturity, Feb. 1, 1925, subject to call Feb. 1, 1915. Authority, Chapter 25, Laws of 1903, and election held Jan. 8, 1905, when 173 votes were cast in favor of and 20 against the bonds. Ctica, N. Y.—Bond Offering.— J. A. Cantwell, City Clerk, will sell at public auction at 12 m,, Jan. 17, $25,000 33>^<g public-improvement bonds for school purposes. Denomination, Date, Jan. 1, 1905. $1,250. Interest, annual. Maturity, $1,250 yearly on Jan. 1 from 1906 to 1925, inclusive. Successful bidder will be required to deposit a certified check on a State or national bank or trust company, payable to the City Treasurer, for 5^ of bonds .bid for. Authority for iseue. Nov. Warsaw, InA.— Bond Sale.— The following bids were received Jan. 4 for the $12,000 4<{ coupon street-paving bonds described in V, 79, p. 2811 J. F.WIld & Co., Indian apolls.112,810 00 W. B. Todd & Co., anriiinatl.$12,ce5 R. Kleyoolte & Co., Cincln. 12,162 00 W. J. Hayes & Sons, Cleve. 12,C62 Washington, N. C.—Bond Sale.— Oa Jan, 10 the $15,000 5t 30-year gold electric-light bonds described in V. 79, p. 2764, were awarded to Seasongood Mayer, Cincinnati, for $15,790 25 and interest. Following are the bids : I Towner, N. H^k.—Action on Bond Sale Postponed.— This city advertised for sale Jan. 2 an issue of $5,000 funding bonds. We are informed that action on selling these bonds has been postponed until the regular meeting of the City Chapter [Vol. lxxx. The Company has the following Assets, viz.: $5,170,084 00 United States and State of New York Stock; City, Bank and other Securities 1,612,252 53 Special deposits in Banks and Trust Companies $3,789,000 Real Estate corner Wall and William Streets and Exchange Place.. 75,000 3,864,000 00 Other Real Estate and Claims due the Company . Premium Notes and BiU Receivable Cash in the 1,107,22188 hands of European Bankers to pay losses under policies payable in 182,001 68 foreign countries 89,46172 ash in Bank Amount $12,025,02181 Six per cent interest on the outstanding certificates of profits will be paid to the holders thereof, or their legal representatives, on and after Tuesday, the second of February next. The outstanding certificates of the issue of 1 898 will be redeemed and paid to the holders thereof, or their legal representatives, on and after Tuesday, the second of February next, from which date all interest thereon will cease. The certificates to be produced at the time of payment, and canceled. A dividend of Forty per cent is declared on the net earned premiums of the Company for the year ending 3l8t December, 1903, for which, upon application, certificates will be Issued By or.ler ot the Boiird, on and after Tuesday, the thiid of May next. «. STANTON FL,OYl>- JONES, Secretary. TRUSTEES. For BuHlnetM Correapondence. your own hand, or bylthe typewriter, are UNBQUALKD. Their qnalltj la assured and they have won highest honors at all the great World's Fairs. For high grade writing Whether for letter written with papers.of ail kinds, for bond papers, and for ledger papers, insist on having them made by the WHITING PAPER COMPANY, HOL.YUHK, MASS. New York. Philadelphia. ChicacOi GDSTAV AM81NCK, FRANCIS M. BACON, JOHN N. BMACH. WILLIAM B. IJOULTON VKKNON H. BROWN, WALDItON P. BKOWN, joskj'h h. chapman, gkok(;k c, clakk, coknklius ki,1>ekt, bwalu flbitmann, HERBEUT L. GRIGGS. CLEMENT A. GIUSCOM, ANSON W. HARD, F. RAVEN, P. A. A. RAVEN. HENRY PARISH, FREDKIfIC A. PARSONS DALLAS B. PRATT, GEORGE W. QUINTARD, MORRIS K. JESUP. LEWIS CASS LED YARD, FRANCIS H. LEG(;ETT, CHARLES n. LEVERICH, I;EAN1)KII N. LOVELL, GKOUGK U. MACY. CllARLKS H. MARSHALL, W. H. H. MOORE. A. A. MORTON. LEVI JOHN L. RIKBR, DOUGLAS ROBINSON, GUST A V H. SCHWAB. WILLIAM 0. STUROBS. President. A PARSONS, Vire-Pres't. CORNELIUS ELDERT, zd Vice-Pres't. THEO. P. JOHNSON, ^d Vice-Pres't.