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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)
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.._..
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
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I
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&
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tOM
MM
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643,709
886,643
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i
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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
'
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Speculation in cotton for future delivery has been moderMM
6 00 toco
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ately active, but at lower prices, they showing a moderate
IS
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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,
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that there was more readiness to sell holdings of actual cot•q
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ton at points west of the Mississippi. With these reports
»305
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came predictions of an increased movement of the crop.
-105
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o
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Bear interests became quite aggressive, and under their sellMI
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ing values weakened, uncovering stop-loss orders, the execu«3©
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II
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tion of which added to the weakness of the market. During
00
66
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05
000 MM CO 00 tS»9
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00
li>M
the latter part of the market there appeared to be a steadier
00
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05
aci
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undertone. Fairly free investment buying developed, and
6>^
66
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the predicted increase in the crop movement failed to mateoo©
Mi» ©00 ot
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rialize.
To-day there was a moderately active and steadier
M^
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market. The amount of cotton "in sight" for the week was
-?-?
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small, showing that the South continued to hold cotton,
OIM ©00 Ol^ ©o 00
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Short sellers in some instances showed nervonsnegs, and
00 o o^a 00 00 ©» ©© ©© © ©©
their buying to cover contracts advanced prices. The close
>-'>->
M
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was at a reaction from top prices at a net gain for the day of
3
o
«
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d
«
points.
Cotton
4 to 8
on the spot has been easier, but closed
mS
00
00
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at an advance of 10 points for the day at 7*20c, for middling
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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
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I
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I
I
i
•
I
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.
.
,
<
'
,
'
'£>
<
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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
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CO to en
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p.W
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«k
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oaowwiy
M
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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
.
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—
—
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.)
:
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I
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—
—
:
:
$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.
@FedFRASER