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L'dKkriF,
sj-iffy S. ^ AitWlo
JAN 311907
INCLUDING
State andCity Section (semi-Amman?)
Quotation Section (monthly)
Section (Quarterly) Street Railway Section (Thy^ne!J)
Railway andAotIndustrial
of Congress in the year 1907, by William B. Dana Company, in Offloe of Librarian of Congress, Washington, D. (J,
Ban k and
Entered according to
weekly newspaper entered at
A
Post Office, New York, as second-class
^iuauciaL
^financial.
fstmuiciaL
FISK & ROBINSON
AMERICAN BANK
NOTE COMPANY
78 to 86 Trinity Pi-ace, New York
Business Founded 1TM. Reorganized 187»
Engravers » Printers
BANK NOTES, SHARE
CERTIFICATES,
BONDS FOR GOVERNMENTS AND COR¬
PORATIONS, DRAFTS, CHECKS, BILLS
OF EXCHANGE, STAMPS, ETC., WITH
PREVENT
COUNTERFEITING /* LITHOGRAPHIC
AND TYPE PRINTING
RAILWAY
BANKERS
~ STYLES
THE LIBERTY
NATIONAL BANK,
NEW YORK.
Government Bonds
Investment Securities
BOSTON
NEW YORK
$3,100,000.
FRED'S B. 8CHHNGK. President,
D. G. HELD,
CHARLES ul STOUT
Vlce-Preeldent.
Vice-President.
JAMBS
V. LOTT
CHARLES W. RIECK3,
Cashier.
2d Vice-President.
FRED’K P. MCGLYNH
henry p. davison.
Asst. Cashier.
Chairman Exec. Com.
The National Park Bank
York.
oi New
Organized 1856.
Capital
gurplas and Profits
Deposits
12, 1906....
83,000,000 00
M44,210 40
95.780,964 26
,
.
JOHN
JOHN G VAN
.
62 CEDAR 8T.,
CLKAF,
Municipal Bonds,
and other
EWER,
CASHIER.
WILLIAM
WILLIAM A MAIN
O. JONES,
-
-
Government, Railroad and
VICE-PRESIDENT.
MAO RICK IL
Moneil.
Bankers and Dealers in
G McKKON,
VICE-PRESIDSMT.
TICK-PRESIDENT.
,
Ambrose
Harvey Fisk NEW
& Sons,
YORK
PRESIDENT.
GILBERT Q. THORNE.
K. G Converse,
T. A. Gillespie,
F. L. nine,
H. P. Davison.
Arthur K. Luke.
J. Koge**s MaxwelL
Fred’k B. Scheuck.
Geo. F. Baker,
Henrv C. Tinker
K. F. G Young.
Daniel G. Reid
Charles A Moore,
Charles H. Warren.
Frederick G. Bourne.
Charles II. Stout.
RICHARD DKLAF1ELD,
OFFICERS:
President
Wabemt Tj. Gbeew,
•
.
Vice-President
.
.
Jimp K. Mykbs,
.
Secretary
.
.
,
Frakx K. Johnson,
Treasurer
Okas. L. Lhb,
.
.
TRUSTEES:
T. H. Freeland, Chairman of the Board
Edmund CL Converse
John Mason Little
Wm. Nelson Cromwell Phlneas C. Lounsbury
Joseph R. De Tamar
Chaa. A. Moore
James B. Ford
Francis L. Potts
Warren L Green
Francis S. Sm it hers
Frauds L Hide
"
Andrew V. stout
Profits,
Capital, Surplus and Undivided
DIRECTORS:
SPECIAL SAFEGUARDS TO
TICKETS OF IMPROVED
Y.
NO. 2169
JANUARY 19 1907.
NEW YORK
VOL. 84.
matter—William B. Dana Company, Publishers, 76^ Pine St., N.
ASST. CASHIER.
FRKD’K O. FOX CROFT ASST. CASHIER.
ASST. CASHIER.
IMVESTUENT SECURITIES.
Philadelphia, represented by
James IL Chapman,
Chicago, represented
421 Chestnut St.
by D. K. Drake,
Continental National Bant
Our list of Investment
Building.
Securities sent on application.
CHARTERED 1810.
Members ot Richmond and
Exchanges.
Baltimore Stock
NATIONAL
MECHANICS’
Williams & Sons,
John L. BANKERS,
BANK.
Edward B. Smith & Co.
33 Wall Street.
BANKERS
Corner 9th and Main Streets,
KI<
Baltimore Correspondents:
AllDDENDORF, WILLIAMS
Direct private
-
Capital,
IOI01\D, VA.
A CO
Surplus,
$3,000,000
-
-
-
-
3,000,000
-
Fayette Streets,
BALTIMORE, MIL
Corner North &
Richmond Correspondents:
John L. Williams
and Phil a. Stock Exchanges.
511 Chestnut Street
Philadelphia.
New York.
Francis Ralston Welsh,
INVESTMENTS.
ORIGINAL CHARTER 1829.
MUNICIPAL
RAILROAD AND OTHER
THE
BONDS.
& Son.
Chase National Bank
Members New York
7 Wn II Street,
telegraph and telephone wires
,to New York.
Middendorf, Williams Sc Co.,
BANKERS,
INVESTMENT SECURITIES
328 CHESTNUT
STREET, PHILADELPHIA.
GALLATIN
C’lenrintr House Building
Cap.&Surp., $9,169,000 Deposits, $61,053,000
B. HEPBURN, President
A. IL WIG GIN. Vice-Pres. E. J. STALKER,
A.
Cashier
DirtCtnrt:
GARFIELD NATIONAL
23d Street and Sixth Ave.,
Henry W.Camion. Chairman. James J. Hill
Oliver H, Payne George F. Baker John 1. Waterbary
Grant B. Schley A. B. Hepburn
A. H. Wlffgin
George F. Baker Jr.
THE
EQUIPMENT OF THE
FOURTH
NATIONAL
OF THE CITY OF NEW
—
IS
YORK
PINE
ESPECIALLY
ARRANGED FOR
HANPLING
MERCANTILE ACCOUNTS.
New York.
NATIONAL BANK
OF THE CITY OF NEW
Capital
Surplus & Profit* (earned)
Capital
Surplus
YORK
$1,000,000
2,300,000
$1,000 000
-
-
1 000 000
BANK
—CORNER NASSAU AND
STREETS
BANK,
OFFICERS
President
Vice-President
George E. Lewis, Cashier
Samuel Woolverton,
Founded in 1784.
THE
Alexander Hi Stevens,
Howell T. Manson, Assistant
BANK OF NEW YORK
Hational
Banking Association.
DIRECTORS
Adrian Ibeltn
Jr.
Frederic W. Stevens
ALEXANDER
ACCOUNTS INVITED.
Cashier
li. STEVENS
W. Bmt.kn Booseveli
Char A. Pkabodt
samites
WoolvertoM
CHARLES H. 1 WEED
Thomas Dkiqtt J*.
n
THE CHRONICLE,
[VOL.
JBatiliers and -Ovauicrs of
Hsclraugc.
J. P. Morgan & Co., Maitland, Coppell & Co.,
BROAD,
WALL STREET CORNER
NEW
Drexel &
Co.,
52
NEW
rUILADELPUIA.
I'nussmann,
Bills of
No. 22 OLD BROAD STREET,
-
CO.,
LONDON.
TRAVELERS*
Brown Brothers &
YORK,
59 Wall St.
Co.,
August Belmont & Co.,
BOSTON.
BANKERS,
No, 23 NASSAU STEEL
Agents and Correspondents of the
Messrs. ROTHSCHILD,
London, Paris and Vienna.
CONNECTED BY PRIVATE WIRE.
Stems. N. Y., Phila„ Boston A Baltimore St*k Eich’s.
vestment Securities on commission.
Receive accounts
of Banks. Bankers, Corporations. I iriris and individuals
on favorable terms.
Collect
drafts drawn abroad on all
r
,
I T1 VP.STjTTI
,
.
PTTfc
ISSUE
v v, ou.li.lv/.no
OCCUTltilBS.
points in the United
States and Canada; and drafts drawn in the United
on foreign countries, including South Africa
Transfers
[ .pf-f-p-pq
and mate cable transfers on all
points.
Issue Commercial and
Travelers' Credits, available In
all parts of the world.
Ol V^reaiL.
BROWN, SHIRLEY & CO., LONDON.
Letters of Credit to Traveler*
Available in any Part of the World.
CREDIT
DRAW
TRAVELERS,
EUROPE,
Cuba,
Cuyler, Morgan & Co.,
-44 Pine
Street, New
BILLS
OF EXCHANGE AND MAKE
TRANSFERS OF MONEY TO
EUROPE, CALIFORNIA AND THE HAWAIIAN
ISLANDS.
TELEGRAPHIC
Buy and Sell Investment Securities.
Mexico and California.
the purchase and sale of
Execute orders for
Investment Securities.
BANKERS,
Street, Mew York.
Issue
the other West Indies,
Buy and sell Bills of Exchange
'111.
£
to
J. & W. Seligman & Co.,
No. 21 Broad
Available In all parts of the world.
Draw Bills of Exchange and make Telegraphic
INTERNATIONAL CHEQUES.
CERTIFICATES OF DEPOSIT
jjouuoic
LETTERS OF
FOR
States
LETTERS 01 CREDIT.
LETTERS OF
CREDIT
Available throu ghou t the United States.
ALEX. BROWN & SONS, BALTIMORE.
Buy and sell first-class In-
FOREIGN EXCHANGE.
Agents for the Bank of Australasia, the British
Guiana Bank, Demerara, etc., etc.
-
INVESTMENT SECURITIES.
Banco Nncional de Mexico
And its Branches.
of
NEW
BANKERS
ON
for Travelers
Attorneys and agents
Exchange, Telegraphic Transfers,
Union of London dfc Smiths Bank, Limited,
London,
Messrs, Mallet Freres & Cie., Paris,
Deposit* received subject to Draft, Securities
bought and sold on Commission. Interest allowed on
Deposits. Foreign Exchange. Commercial t redits.
STREET,
BOSTON.
Betters of Oi'edit,
DOMESTIC AND 10REIGN BANKERS.
neiirs. jr. S. MORGAN 6c
115 DEVONSHIRE
executed for ail Investment Securities.
Act as agents of Corporations and negotiate and
issue Loans.
FA ItlS.
Cable Transfers.
Circular Letters
available in all parts of the world.
Kidder, Peabody & Co.,
STREET,
YORK,
Orders
Morgan, Harjes&Co.
Cor.ofSth & CheetnutSts. 31 Boulevard
PHILA.
WILLIAM
YORK.
LXXX1V,
AGENTS AND CORRESPONDENTS OF
Seligman Brothers, London.
Seligman Freres & Cie., Paris.
Alsberg, Goldberg 6c Co., Amsterdam.
Anglo-Californiaii l£k.. Lt.,Saul<'raucisco
York,
BANKERS.
"JAILER&<D
INVESTMENT
MEMBERS OF NEW YORK STOCK
27 Pine Street, New York
KESSLER
BANKERS
Eedmond&Ca.
SECURITIES.
&
EXCHANGE.
CO.,
BANKERS.
54
INVESTMENT
WALL
STREET,
NEW
YORK.
Buy and Sell Bills of Exchange and
Cable
Transfers
on
all
the
Principal European Cities.
ISSUE
COMMERCIAL
AND
TRAVELERS’
CREDITS, BUY
AND SELL RAILROAD
STOCKS. BONDS AND INVESTMENT
SECURITIES. ‘ACT AS FINANCIAL
.Winslow, Lanier & Co.,
CEDAR
N1SW
Special January circular des¬
cribing High-Grade Investment
Securities, and Information re¬
garding any securities in which
our clients
may be Interested
will
be sent
on
request.
Member* of the N. Y. Stock Exchange.
SECURITIES
59
BONDS
We have prepared a special
circular
giving the range of
price from 1901-1905 of a num¬
ber of guaranteed stocks, and
showing that in several eases
the present price Ls lower than
the lowest price of the four
years
AGENTS FOR CORPORATIONS.
previous.
Philadelphia
STREET,
Heidefbach, Ickelheimer & Co.-
YORK,
Guaranteed Stocks
BANKERS.
33 Pine
507 Chestnut St.
St, New York
BANKERS,
37
Deposits Received Subject
William Street,
to Draft. Interest
MEMBERS N. Y. STOCK EXCHANGE.
Deposits. Securities
Execute orders for purchase and sale of
Bought and Sold on
Allowed
on
Stocks and Bonds.
Commission,
Foreign Exchange, Letters or Credit.
issue Commercial and Travelers’^ Credits
Schulz &
General
Foreign
and
Domestic
Banking Business,
No. 435 Chestnnt
Street,
PHILADELPHIA
parts of the world.
SECURITIES BOUGHT AND SOLD
ON COMMISSION.
Ruckgaber,
BANKERS,
11 William Street,
v
Deposits received subject
New York,
Members New York Stock Exchange.
Oorreepondents of Messrs.
Fruhling & Goscben. London,
Job. Berenberg. Dossier & Co.. Hamburg.
to PINE STREET, NEW YORK.
a
CO.,
Members Philadelphia Stock Exchange.
Kean, V anCortlandt&Co
Transact
&
BANKERS.
Q
available in all
It ANKERS,
GRAHAM
Foreign Exchange Bought and Sold.
-
-
to Draft.
-
Dealers in High-Grade
INVESTMENT SECURITIES.
Issue Letters of Credit and
Traveler’s Chernies,
Marcuard f: Co.. Faris.
Bremer ilauk, i'lllale Dre^cLier Bank, Bremen,
issue Commercial A Travelers’ Credits
Buy and Sell Bills of Exchange.
Cable Transfers and Investment Securities
List of current oiierlnga Bent on
ppiication.
Dealers ir» Investment Securities.
LawrenceT urnure&Co. MOSLE
John Munroe
& Co.,
Street,
Bankers,
No. 30 Pine
No. 4 Post
New York.
Oliice Square, Kostou.
lfsue Circular letters of Credit for Travelers’ Use
Abroad Against Cash or Satisfactory
Guaranty of Repayment.
I'xcliange
on
Loudon, 'Parts, Berlin,
Zurich and St. Gall.
CREDITS C PEN ED
AND
PAYMENTS MADE
BY
CABLE
Paris House—Oi CNROE &. CO.
50
Wall Street, New York.
Deposits received subject to draft. Interest al¬
on deposits.
Securities bought and sold on
COMMERCIAL CREDITS,
FOREIGN EXCHANGE.
commission. Travellers credits available through¬
the United States, Cuba, Puerto Rico. Mexico,
Central America and brain. Make collections inand
issue drafts aud cable transfers on above countries
out
Hunker*:
—
London
Hank, Limited.
Puri* Hunkers:—Heine A to.
PLACE,
NEW YORK.
lowed
London
BROTHERS,
16 & 18 EXCHANGE
Attorneys and Agents
Joint-Stock
;
*
op
<■
MESSRS. ICONIC BROTHERS Bankers
LONDON.
m
THE CHRONICLE
Jan. 19 1907.
2$oveicw ^change.
Uaukcvs.
tiers.
Wm. A. Read & Co*
BANKERS.
Lee, Higginson & Co.,
44 State
BANKERS
Investment Securities.
Street, BOSTON.
3 Broad
ttew York.
Street,
Dealers in
CHICAGO OFFICE,
25
NASSAU
NEW
The Rookery*
43 State St.
STREET,
HIGH-GRADE BONDS
YORK.
205 La Salle St.
CHICAGO.
203 E. German St-
BALTIMORE.
BOSTON.
Members New York and Boston
Stock
Plympton, Gardiner & Co.,
Millett, Roe & Hagen,
Members JSTew York Stock
Exchange^
Boston, 10 Post Office Square.
Exchanges.
J. B. RUSSELL &
COM
Members N. Y. Stock
Exchange
BANKERS
46 WALL STh
BANKERS.
NEW YORK,
DEALERS IN
Investments.
Conservative
LISTS ON REQUEST.
27
WILLIAM
ST„
High-Grade Bonds
AND
Investment Securities.
FORK.
NEW
Boston.
Chicago.
New York Stock Exchange.
Chicago Stock Exchange.
Representatives ot the Illinois Tunnel
Company.
Financial Representatives of the Automatic
Financial
Electric
N.W. HARRIS & CO.
Fine Street, Corner William
BANKERS
Safety Deposit Vaults for Use of Customers.
Members:
BANKERS
Geo. P. Butler & Bro*
Railroad and other
Investment Securities
Company.
BRANCH OFFICES:
CHICAGO. ILL.
WILKES BARRE, PA.
CARBONDALE, PA.
SCRANTON, PA.
DAYTON, OHIO.
READING, PA.
BINGHAMTON. N. Y.
BOSTON
NEW YORK
CHICAGO
Receive deposits subject to
and
allow
interest
on
check
balances.
Act
ns
dseal agents for munici¬
palities and corporations. Issue
letters of credit and
deal in
Goldman, Sachs & Co.,
BANKERS
EXCHANGE
43
BONDS FOR INVESTMENT
Members ot
NEW
PLACE,
YORK.
New York Stock Exchange.
Bankers
Stocks and Bonds.
sale ot
Buy and Sell Foreign Exchange.
CABLE
Blake Brothers & Co.,
BOSTON.
Dealers in
NEW YORK
Commercial Paper.
Investment Securities.
Members New York & Boston Stock Exchanges.
Rudolph Kleybolte& Co.
BANKERS.
Available In all parts of tbe world.
DEALERS
BOND8.
27*29 PINE STItEET, NEW YORK.
Letters of Credit
Foreign Exchange
Investment Securities
tralia, the West Indies, Central and
South America and Mexico.
Issue Letters of Credit lor Travelers,
available in all parts of the world.
Dailvand Time Deposits,
9 and 11
STREET, NEW YORK.
Members N. Y. Stock. Cotton and Coffee exchanges
FOR
Interest Allowed on
INVESTMENT.
Deposit Accounts.
Fiscal Agents for Cities and
49 Wall Street,
Philadelohia.
Corporations.
NEW YORK.
Chicago,
San Francisco
PHILADELPHIA
NEW YORK
Wall Street, New York.
Members A'ew lork Stock Exchange.
Orders executed for stocks and bonds
ment or on rnurgin.
FOREIGN EXCHANGE
for Invest¬
Transfers to all Parts of the
World,
Leonard h. hole.
s.coler,
E. D. SHEPARD & CO.
Bought & Sold
LETTERS OF CREDIT ISSUED.
Member N. V.Stock
FOREIGN EXCHANGE,
INVESTMENT SECURITIES-
BONDS
BANKERS.
bird
Schmidt,
Forshay,
Zimmermann &
BANKERS.
New York.
Draw Bills ol Exchange and make
Cable Translers to Europe, Asia, Aus¬
Cabie
KEW YORK
IN
Car. of Wall and Broad Sts,,
8TREET RAILWAY
27 WILLIAM
.
H. B. HOLLINS & CO. N. W. HALSEY & CO„
MUNICIPAL, RAILROAD and
Stern &
STREET,
Investment Securities
and Commercial Paper
DEALERS IN
on
6 NASSAU
“COLDNESS."
CITY
and other
MUNICIPAL BONDS.
Interest Paid
AUDREY
Issue Commercial and Travelers’
Letters of Credit,
84 State Street,
Exchange Place,
NEW YORK.
HALLGARTEN & CO.
Execute orders tor purchase and
LIST ON APPLICATION
50
NEW YORK
35 Wall Street
Exchange.
W. N. COLER &
CO.,
BANKERS
59 CEDAR ST., NEW
LONDON
BOSTON
KNAUTH, NACKOD & KUHNE
BANKERS.
Members of the New York
YORK.
INVESTMENTS.
LEIPZIG GERMANY.
'IllOMASKING
1?
Stock Exchange.
NEW YORK.
If* W ILLlA.ii ST
IY
THE CHRONICLE
fVoL. LXXXIV.
ffureinu.
DEUTSCHE
BANK,
BERLIN, W.
BEHREN8TRAS8E 9
Canadian batiks.
The Union Discount Co.
Bank of Montreal
of London. Limited.
l Established 1817.1
39 CORN HILL.
1 3.
TO
CAPITAL paid in
RE8T
Telegraphic Address, Udisco, London.
C YPITAL
$47.61U,0O»>
M. 800.000.000,
Capital Hah scribed
Pali Up
LAST TEN
10,10,10*, 11,11.11.11. 11,12, 12
TEARS'
per oent.
2.200,000
Head Office—Montreal,
Rt. Hon. Lord strathcona and Mount
royal
G. C. M. G
Honorary President
Hon. Sir George A. Drummond
AND THI
Oeutsche Bank (Berlin) London A^encv:
Georoe Yard, Lombard St.
E. C.
FRENCH FINANCE CORPORATION
OF AMERICA.
Pardiasera
BANCO ALEMANTRANSATLANTICO
of
ACT
$595,000
FOR
AS
FINANCIAL
AMERICAN
throughout the
London
25
YORK,
Broad
PARIS,
Street.
foreign.
The London
Midland Bank,
26, rue Lafiltte.
Balua-Bianca.BeLl-Ville, Buenos Aires,
Bolivia: La Paz, oruro.
Ohili : Antofagasta, Concepcion,
Iquiqne, Osorno,
Puerto M ntt, sumiato, Valdivia,
Valparaiso.
:
Peru
Arequlpa, Callao, Lima.
TTRUaUAY: Montevideo.
•PAIN; Baiveion.'t
Usmleo Agent*: Banco Mexicano de Comerclo
Industria, Mexioo.
Buis scut tor collection,
HEAD OFFICE*
5 Threadneedle Street, London.
England.
With Branches in all the
of
SWISS BANKVEREIN
SUBSCRIBED
PAID-UP
E. H.
Capital, Paid Up
Surplus
-
Fr. 62,800,000
24
Handels-Gesellschaft,
BERLIN, W,
*•
Behrenstrasee 82-33
and
Franzoslsche-Ptrasse 42
DUDLEY &
49 Wall
11
$40,4 7(5,
ESTABLISHED 1856
Dl. 170.000,000.
A.
SCHOELIJCK,
Capital,
Reserve,
-
-
COMPANY,
Street, New York.
Poultry, Cbeepside
London, E.C.
307 Monadncck Bloc
Chicago
FOREIGN FUNDS
$13,712,526 Banking Transactions of
Every Description.
J. 1 (OXTER,
K. KUSHSLL.
F. UK BIG.
M. Schinckel,
A. Salomonmohn
YORK,
NORTHCOTE.
Telegraphic Address:—Handelschaft, Berlin.
With the unlimited personal
liability of
the fotlovnng partners:
M.100,000,000
M. 29,000,000
For Investment in the United States.
Hong Kong & Shanghai
BANKING
CORPORATION.
Paid-up Capital (Hong
Reserve Funds
Kong
Currency)..II<\000,000
j}"
Reserve Liability of Proprietors*
Brasilianische Bank
fur Deutschland.
The National Discount
CAPITAL
ill 10,000,000 00
Head Office. HAMBURG.
Urauches: Rio uk Jankih*. Sao Paulo. Santos
Porto Alegre.
Company, Limited.
35 CORNHILL.
Cable
Bank
fur
Chile
und
Deutschland.
CAPITA I
HAMBURG, with branches
iU
10,000.000
00
(Banco
de
In CHILI
Chile & Alemacla): Valparaiso. Santiago.
Concep¬
cion, Temtico,
Antofagasta; and In BOLIVIA
(Banco de Chile A Alemanla, Secclon Boitviana).
Lapnz and Oruro.
The above-named banks, founded and represented
Europe by the
Direction tier OiMConto-t-eaellschnlt,
Berlin. Bremen. Frankforto/m and London
NorddeutMctie ltnnk in Hamburg,
Hamburg, oiler their services for every
of regular banking transactions.
description
CO.,
Amsterdam. Holland.
LONDON, K. C.,
53 CORNHILL.
^
STREET,
TRANS A CT A
GENERAL RANKING
AND STOCK EXCHANGE
BUSINESS.
Berliner
57.590,611.
&
Adolph Boissevain & Co.,
FRANK FORT-ON-M^
ROSSMAKKT IS.
M.
BROAD
NEW
BREMEN.
STINTBKUCKK 1
-
15,714,260
Members New York Stock Exchange.
48-44 BlHRKN 8TRASSK.
...
FUND,
HOLDEN, M. P.. managing Director.
BOISSEVAIN
Fr. 14,280,000
Established 1851.
Telegraphic Address, Uiscontooe. Berlin.
DlSCONTOGK. FUANKVURTMAIN.
CAPITAL, $76,426,400
CAPITAL,
15,714,260
RESERVE
GENEVA, LONDON.
Direction der
Discon to-Gesellschaft,
RESERVE,
Principal Cities and Towns
England.
Telegraphic Address: Cinnabar, London.
BASLE, ZURICH, ST. GALL,
letters
London Acents.
Deutsche Bank (Berlin) London agency.
4 George Yard, Lombard st..
London, E.C.
•
Limited,
ESTABLISHED 1836.
advance^ uvon.
scHwoLDK, Busmen.
SCONDITO IAJNDON.
City Sc
e
negotiated or
CAPITAL, fully paid,
St.
Taylor, Manager.
CORPORATIONS
Cordoba, Tucuman
*
Office, No. 46 & 47 Tnreadneedle
F. W.
IN THE OBTAINING OF LOANS AND SALE OF
NEW
liranclicwt
**
Dominion of Canada.
AGENTS IN FRANCK
RAILWAY
SECURITIES.
BERLIN.
BERLIN, W.,
;> Agents.
market.
$4,190,000
ana
of credit issued.
)
)
Buy and sell Sterling and Continental Exchange
Commercial and Trav¬
any part of the world;
issue drafts on anti make collections in
Chicago ana
84,701,000
Dratl8, cable-transfers
PINE STREET
and Cable Transfers; grant
elers’ Credits available in
Securities for the French
HEAD OFFICE:
Argentina:
31
R. Y. hebden,
W. A. Boa,
J. T. MOLINKUX,
Firat-Clasa Investment
(Deutsche UeberseeiBChe Bank.)
Subscribed Capital
M. 20,000.000
raid IJp Capital
M. 17,000,000
Reserve Fund
M. 2,500,000
No.
YORK OFFICE:
CHJtJHTOPilER K. NUGENT, itlanascr.
WIESBADEN,
LONDON
NLYV
cantile acceptances, receives money om
depoeit
at rates advertised from time to
tame, and grants
loans on approved negotiable securities.
NUREMBERG. AUGSBURG
4
K.C.M.G.President
K. 8. CLOU8TON..Vice PresL and General
Manager
Cal), 35£ Per Cent.
At 3 to 7 Day*’ Notice,
354 Per rent.
The Company discounts approved bank and mer¬
Branches-
159,831,84
.
$5=£1 STERLING.
At
BREMEN, DRESDEN, FRANKFORT-ON-M.,
HAMBURG,
LEIPRIC.
MUNICH.
-
$14,400,080.00
11,000,000.00
NOTICE IS HEREBY GIVEN that the RATES
OF INTEREST allowed lor money on deposit are
as follows:
823,118,000
M. 07,099,000.
UNDIVIDED PROFITS
3,750,000
Reserve Fund
RESERVE
DiriDHTDI) PAID DURING
87,000,000
....
LONDON, E. C.
Address—Natdis, London.
Subscribed Capital
Paid-Up Capital
Reserve Fund
($5=£1
-
-
$21,166,625
...
4,23 1,325
2,000,600
STERLING.)
NOTICE IS HEREBY GIVEN that the RATES
OF INTEREST allowed for
money on deposit are
as follows:
At 1 all, 3& Per Cent Per Annum.
At 3 lo 7 or 11 Doth* Votli f,
394 P. C.
Approved bank and mercantile bills discounted.
Money received on deposit at rates advertised from
time to time, and for fixed
periods upon terms to be
especially agreed
Loans
upon.
granted on approved negotiable securities.
PHILIP HAROLD WADE. Manager.
ORANTlIRAm ISSUE LETTERS
.*
j
••
20.250.000
lO.OoO 000
OF CREDIT. NEGOTI¬
ATE OR COLLECT BILLS PAYABLE IN
CHINA. JAPAN.
PHILIPPINES, STRAITS SETTLEMENTS, INDIA, ETC.
WADE GA1UPNER, Agent, 50 Wall
St.
INTERNATIONAL BANKING
CORPORATION.
New York.
CAPITAL Sc SURPLUS,
$6,500,000
Buy and set Stenin* anr, ^ontmemai Eixctangeand
Cable Transfers
Negotiate Draw ot Receive
for Collection Buis on Point* in the
Orient. Issue Letter? ot Credrt.
Branches at London. Bombay. Calcutta. Singa¬
pore, Canton. Hong Kong, Manila shanghai,
Kobe. Yokohama. San Francisco, city or
Mexico Washington. 1>. C. Panama
1906 ISSUE
THE FINANCIAL REVIEW
contains a five-year monthly
range of prices
for stocks and bonds and other valuable sta¬
tistics
Price, $2.
COMMERCIAL!!* FINANCIAL CHRONICLE
NEW
YORK.
JAN. 19 1907.1
THE CHRONICLE.
Canadian Banks.
faults and jB ankers.
CANADIAN BANK
OF COMMERCE,
THE
BARING
810.09D.000
Wm. Okay and
Mackay & Co.
15 Wall Street, New York.
5*000,000
EXCHANGE PLACE,
H. B. Walker. Agent*
LONDON OFFICE.—60 LOMBARD 8TRDTI, E. CL
Bnnkers In Great Britain*
Thi hank or England,
am* Bank op Scotland,
Lloyds bank Limited,
Onion or London and smith’s Bank.
Isiue Commercial and Travelers’
Letters of Credit,
INVESTMENT SECURITIES.
Lwim
Bay nnd Sell Hterllwar and Continental Kxeba*KP and Cable Tranul^r*, • emaerolHl
and Traveler*’ Credit*.
Collection* moo* at
all polnte.
BANKERS
Bay and Sell, Foreign Exchange
NEW YORK OFFICE:
Nob. 10 AND 18
CO
&
BANKERS
HEAD OFFICE, TORONTO.
PAID-UP CAPITAL.
SURPLUS
V
Agents and Attorneys for
BABI1W
BROTHERS
Hank ins: and Exchangebusiness of every
deacr ption tran acted with Canada.
Members of the New York and
Boston Stock Exchanges. Deal¬
ers
in Government Bonds and
other Investment Securities. In¬
terest
allowed
on
deposits.
C0„ Ltd.,
&
Nassau and Pine Street*
LONDON.
New York
telegraphic transfers pn
Ontario,
Drafts .and
the Bank s b anch at COBALT,
issued at lowest rates*
ESTABROOK &
The Bank of'
North
British
CO.,
13
421 Chestnut Sfc
Philadelphia
Congress St.
Boston
BANKERS,
America
•*
15 State Street, Benton.
Established m ISM.
INOOBPORATKD BY ROYAL CHARTXR IN 1840
Paid-up Capital,
Reserve
Fund,
.
,
.
....
24
01,000,000 Sterling
440,000 Sterling
5 Gracechurch Street. London, E. C.
New Y*rk Office: S2 Wad Street
H.MJAleMJCHAEL.l Agent*.
W T. OLIVER.
-
NEW YORK.
INVESTMENT SECURITIES.
Hkad Office:
-
STREET,
BROAD
Members B**tou Stock Excliangt
GOVERNMENT,
MUNICIPAL
AND
Bay and sell B terilnc and Continental Excbange
and Cable Trantfe’’*; Grant Commercial axd TravelC edits available In any oart of the world.
er»’
Issue* Drafts on and make Collections In all parts
ef tbs United States and Canada.
CHOICE RAILROAD BONDS.
Merchants’ Bank of Canada.
JACKSON & CURTIS
HEAD OFFICE: MONTREAL.
CAPITA L
Rest and Undivided Profits
and other
86,000,000
BANKERS
3,074,596
MEMBERS NEW YORK AND BOSTON
STOGK EXCHANGES
Manitoba, Saskatchewan, Alberta and British Cokrmbta. Good facilities for effecting prompt collec¬
tions in Canada. Buy and sell Sterling Exchange
The
SECURITIES
{Scotland,
Sovereign Bank of Canada
36 WALL BTUM
INVESTMENT
and Gable Transfers. Iaane Commercial and Trav,
elan* Credits, available in any part of the world.
Hank ol
NEW YORK
BOSTON
W. M. Ramsay, Agent.
Agenu*—ltoyu.1
Corporation Bonds
67 MILK tTRBKT
lli bramohes In the Provinces of Quebec, Ontario,
JLondon
BANKERS
Municipal, Railway
NEW l'OEK OFtlOE: 63 and 65 Wall St.
>•»
Geo. A. Femald & Co.
1 Hasson
Street,
H, W. POOR & CO.
19 Congress Street,
New York
Boston
INVESTMENT
SECURITIES
Branches Threuskont
the
Dominion
71
<-*
NEW YORK. AGENCY. 25 PINE STREET
S. D. LORING &
foreign
The English Association of American
Bond & Share Holders, Ltd.,
5
GREAT WINCHESTER
Anta aa Agent In
Canadian Railway
a. D. LOSING.
C. Sidney Shjbpahd, $
HOMKB LORING
STREET
LONDON.
“P®01***
SON,
-vna
Industrial
64 Devonshire Street,
•
•
Boston.
Companies.
Dtr&tort
Alfred W. 8mithkrs^jChairman
Lord Weml W. Li*dlky, T.Reynolds— London
T. P. Fowleb—Ntsv York
BOSTON
33 Wall Street
33 Conoreos 9f
BANKERS,
England lor American and
'irtuiee» A
NEW YORK
Tucker, Anthony A Co^
BANKERS
INVESTMENT BONDS.
The Association’s Agauu *i Aasarica aad Caa*d* arc
The Mb■*so Trust Co. and Um Bank ei MeatemL
BROKERS,
k
S3 STATE STREET,
MOSTON.
THOMA8 L1NDLEY. Sotrstary.
IRVING
IHf
OSS
VAN
THE
A CO.,
NATIONAL
HAGUE, HOLLAED.
Place American Investments in Europe.
Tel.
members Beaten and New Yerk Hteek
Exchangee.
BANK
OF THE CITY OF NEW YORK.
Chambers, West Broadway and Hudson Streets
SIMON BORG & CO.,
Original Charter, 1851.
Address, Vow
BAXKMBS,
Codes, Hartlteld’s Wall St., W. U. A Llober.
Capital,
Surplus,
-
-
$1,000,000
1,000,000
Jordaan Cohen & Wennink,
SAMUEL S. CONOVEE,
CHARLES F. MATTLAGE,
BANKERS.
CHARLES L. FARRELL,
BENJAMIN F. WERNER,
BANK
PARIS*
H. SCHERER &
BANKERS.
-
-
-
-
-
President
Vice-Prealdenj
Vice-President
Cashier
MERCANTILE ACCOUNTS
H. AMY &
CO.,
Heenrltles.
MEXICO.
Foreign Concluded on next pace
-
No. 20 Nassau 8treat,
Stock Exokomge.
-
Now York.
High-Grade
Investment
Securities
A SPECIALTY.
CO.,
BERTRON, STORRS & GRISCQM.
BASHERS,
BANKERS.
Collections, Foreign sxchaiireaad Invest¬
ment
AND
-
Members of Now York
44
and 46 Wall St., New York.
IN VESTMENT SECURITIES.
Bills oi
Exenange.
Letters oi Credit.
BsUileg,
PHILADELPHIA.
Land Title
40 Wall Street,
NEW TOOK,
INVESTMENT SECURITIES,
▼I
THE CHRONICLE.
%
fforcigu.
gatitters and gvoUevs outside
National Bank of Cuba
PHILADELPHIA.
E. W.
Havana.
Cardenas
Cienfuejfoa, Matanzas- Santiago.
Manzanillo Sagua la Grande. Caibarien Guan¬
tanamo Santa Clara. Finar de’ Rio, Canu*
GENERAL BALANCE SHEET JUNE 30. 1900
ASSETS
Cash—
In Vaults
$3,149,818 20
Banks and Bankers
1.292,782 18 $4,442,600
Bonds and Stocks Owned—
Government Bonds
$1,869,893 43 *
City ot Havana Bonds
1.103,355 24
Other Bonds and Stocks..
193.828 33 53,167,082
Loans, Discounts, Time Bills, Etc
10,397,417
68,436
248,615
104,860
Furniture and Fixtures
Real Estate and Building
Sundry Accounts
Calls
on
Capital Stock Due Aug. 1st
Int&rut Allowed
»«* Tori Correspondent,:
38
05
28
73
23
80
300,000 00
414,415 59 $5,714,415 59
13,219,196 88
Deposits
a
Deduct
$178,424 00 4%
Morgan & Co.,
BANKERS Sc BROKERS
112 lo. 4th St. and 100*102 Girard Trust
Bldg
PHILADELPHIA, PA.
Deposit».
j
Members of Phila. A N. Y. Stock Exchanges.
Battles; Heye & Harrison
J. W. SPARKS &
HANKERS AND BROKERS
Corner Chestnut and Third Sts.,
DEALER* IN HIGH-GRADE UNLISTED
AND INACTIVE LISTED BONDS
/OR
INVESTMENT PURPOSES
131 South 5th Street
62
PHILADELPHIA
CO.,
BANKERS.
IPHILADELPftlA STOCK EX CHANG*
NEW YORK STOCK EXCHANGE
CHICAGO BOARD OF TRADE
Investment Securities
Broadway
NEW YORK
Private Wires, N.Y., Pittsburgh, Chicago
Westling, Jones & Emmett,
Land Title
JJaulucvs.
NATIO N AH
STATES
Audenried
Building,
BANK
DEPOSITARY.
&
Bowker,
Drexel Building, Phila.
PHILADELPHIA.
WATER WORKS BONDS
Municipal and Corporation
OF MILWAUKEE.
UNITED
CO., Ross,
$18,933,612 47
Semi-Annual Dividend,
payable July 2nd. 1906.
FIRST
TJorR,
Investment Securities
504,600 00
$5,000,000 00
on
LXXXIV,
PHILADELPHIA
Members Phila. mad New York Stock Exchanges
518,933,012 17
oUndlvided Profits
&
PHILADELPHIA
321 Chestnut Street.
LIABILITIES.
Capital
.Surplus
CLARK
BANKERS,
Galiano Street Havana, Cuba
guey
[ToL.
Guaranteed Principal and Interest by
BONDS
American Water Works & Guarantee
PENNSYLVANIA TAX-FREE ISSUES
Company,
Capital and Surplus, $2,600,000
OFFICERS:
ItiD Vogel Jr., Pres.
Henry Kloes Cashier.
WM. BrGKROW, V.-Pren.
OMCAHKASTttN.Ast.raHh.
Fred. T. Goix, V.-l'res.
K. J. Hughes Ass’t Cash.
A. W. BOOK. Ast.Oawfi.
W. C. Haas. Mgr. fc oreign A Savings Dept.
Ladd &
Tilton,
BANKERS,
PORTLAND,
OREGON.
ESTABLISHED IN 1869.
RESPONSIBILITY
Transacts
General
a
$6,000,000 00.
Banking Business.
CoTXKurioNH Given Special Attintioic.
W. G. Hopper,
H. a. Hoppes,
Members of Philadelphia Stock Exchange.
Wm. G.
JOHN H.McQUILLEN & CO.
Hopper
& Co.,
BOND
3TOCK AND
28 South Third
Members Philadelphia Stock Exchange
BROKERS,
Street, Philadelphia.
Syracuse Rapid Transit
Stocks and Bonds
Investment* receive onr apeotal attention. Infor¬
cheerfully furnished regarding present
holdings or proposed investments.
mation
104 South 4th Street,
Newburger, Henderson
Wurts, Dulles & Co.,
& Loeb
100 Broadway,
New York
BANKERS Sc BROKERS
627 Chestnut Street,
Philadelphia
125 South 4th Street
Members of the New York and
Philadelphia Stock Exchanges.
fficianmlattts.
LYBRAND,
ROSS BROS &
MONTGOMERY
‘Certified Public Accountants
Members Philadelphia Stock Exchange.
INVESTMENT SECURITIES.
Representatives of Spencer Trask & (X
BenJ. C. Warnick & Co.,
BOSTON.
BANKERS Sc BROKERS,
141 South 4th
Street,
Philadelphia, Pa ADAMS
-
Dealers In
(Pennsylvania)
HIGH-GRADE
RAILROAD AND OTHER
CORPORATION BONDS AND STOCK.
Land Title Building
PHILADELPHIA.
Send for
our
Succesae
DEAN,
to ARCHER & DEAN
CERTIFIED PUBLIC ACCOUNTANTS
Wall Street
41-43 Wall St.,
NEW YORK.
Telephone 4156 Broad.
Wilkinson, Reckitt, Williams & Co.
Circular.
William Wilson * Sons.
Established 1802.
New York Office, 40 Wall Sc 37 Pine Sta.
Wilson, Colston A Co.
Established 1807.
Wilson, Colston & Co.,
Members of Baltimore Stock
PROVIDENCE.
Exchange,
BANKERS,
Weeden &
416 E. Baltimore Street, Baltimore.
Investment and Mis cell an eons Securities a
specialty, and whole Issues handled. Exceptional
facilities for dealing in all classes of Southern
Bonds. Loans on Collateral Securities
negotiated.
Broadway,
New York
tor Bank Examination* under tfc*
management of a National Bank Examiner at
many yean' ex per tone*.
Special Department
BANKERS AND BROKERS
227 E. German Street, Baltimore
MEMBER*
LOOMIS, COHANT & CO.
CERTIFIED PUBLIC
30 Broad Street New York.
Tel, 4958 Broad.
PUBLIC ACCOUNTANTS
52 Bread way, New Yerk,
189 LaSalle Street, Chicago.
HOW,
ROSE
& CO.,
Certified Public Accountants
56 Pine Street
NEW YORK
Telephone 4261 John.
Banda
and
Garb
HARTFORD
STOCK EXCHANGE
TAX FREE
Richardson & Clark.
25
BANKERS,
January Investments
Netting 4 to 5%
H.
K. TAYLOR
Exchange Street. Proridenee, B. I.
Transact
a
Securities
90 BROAD ST.
NEW YORK.
2906 BBOTO&.
CO..
EDWIN R. CASE,
DEALER IN
TRACTION. GAS & ELECTRIC
FINANCE CO.
NEW JERSEY
We will Purchase
or
Finance Electric
SECURITIES,
15 EXCHANGE PLACE
Telephone 75L
JERSEY CITY.
TOPEKA.
11 Pine Street
A SPKCJAXTY.
&
NEW JERSEY.
general banking business. Bonds,
Stocks and Local Securities. Private wires to
New York, Boston and Philadelphia.
JOS. B. MAYER, President.
MAX B. BORG*
Miscellaneous
BA^T.
PROVIDENCE
ACCOUNTANTS
CERTIFIED
INVESTMENT SECURITIES.
Robert A. Fisher & Co.,
"
JAMES PARK & 00.,
Company,
BANKERS.
CERTIFIED PUBLIC ACCOUNTANTS
62
BOSTON.
MEMBERS BOSTON STOCK EXCHANGE
Exchange Bldg.,
-
COMPANY,
BONDS FOR INVESTMENT
BALTIMORE.
B.
&
7 CONGRESS ST.
Wall Street Exchange Building.
NEW YORK.
THOMAS
PHILADELPHIA
KANSAS
Railways,
Lighting and Gas Properties
LARGE PROPOSITIONS PREFERRED.
I
bay
any
ot the older issue* of
Kansas bond*
D. H. MARTIN,
TOPEKA,
-
-
-
KANSAS
Jan. 19
vn
THE CHRONICLE
1907.]
gfcukers amt grckers outside |teiu Herb.
BUFFALO.
LOUISVILLE.
PITTSBURGH.
Halsey So Halsey,
ESTABLISHED 1SB3
Buffalo Securities
BANKERS
BOUGHT AND SOLD
&
DANN
ROBINSON
Members M. Y. Stock Exchange
BROKERS.
AND
ROBIN SON
LOUISVILLE.
Bankers,
INVESTMENT SECURITIES.
MEMRF.R^ OF NEW YORK AND
PITTSBURGH STOCK EXCHANGES
EXCLUSIVE PRIVATE WIRE
NEW YORK OFFICE, 111 Breadway
N.Y. Correspondents:
DOMINICK A DOMINICK.
JOHN
L.
DUNLAP,
Established 1830.
LOU1SVILLK. KY.
MEMBERS NEW YORK STOCK
EXCHANGE
Broker.
Banker and
INVESTMENT SECURITIES
Street
DEALERS IN
Railway Issues
GEORGE R. TELLER,
New York
Correspondent. MILLER
410 Wood St..
CO.
Investment Securities
BONDS.
ROCHESTER, N. Y.
BONBRIGHT & HIBBARD
100 Powers
Building.
PITTSBURGH STOCK EXCHANGES AND
CHICAGO BOARD OF TRADE.
<
i
Exchange.
Rochester Stock Exchange.
(.Chicago Beard ol Trade.
SPECIALISTS ROCHESTER
RICHMOND. VIRGINIA.
ESTAHLISHED I860.
solicited
information fur¬
Rail¬
and
nished about Southern State. Municipal and
road Investment Securities.
Reference—Bank or New York. N. B. A.
Bankers,
RICHMOND, VA.,
State and
Municipal Ronds a Specialty.
Private wires to principal trade centres.
NASHVILLE STREET RY. SECURITIES
CUMBERLAND TELEPHONE STOCK
Telephone and Street Railway
NASHVILLE,
R. M. FRIEND
CHAS. SCHLEY
MUNICIPAL
and
CORPORATE
CHAS. SCHLEY
& CO.,
ESTABLISHED 1850
MILWAUKEE,
•
•
FOR
URBAN
MILWAUKEE
WISCONSIN
a specialty of all the Securities of
great Pittsburgh District.
240 Fourth
Avenue,
PITTSBURGH, PA.
lilaclc
PITTSBURGH.
We Bay and Hell
Correspondence Solicited
Securities Co.
of Pittsburgh. Pa.
L. I.. M’Clelland,
James 8. Kuhn,
Sec. So Treas.
PAID-UP CAPITAL. $200,000
President
SALE
AUGUSTA.
Of LIMA, PERU,
1st
Mtge. 5%% Bonds.
MOTTU & COMPANY
NORFOLK, VA.
John W. Dickey,
BROKER,
AUGUSTA, GA.
Hugh MacRae & Co.,
SOUTHERN SECURITIES.
BANKERS,
Dealers In Southern Investment
curities of Every Description.
Se¬
WILLIAM E. BUSH,
INVESTMENT
WILMINGTON, N. C.,
WASHINGTON, D. C.
408 Colorado Building.
SECURITIES,
AUGUSTA, GA.
CORRESPONDENCE
Municipal and Street Railway
Securities—A Specialty
1513 E. Market St.,
-
INDIANAPOLIS.
JOS. T. ELLIOTT &
SONS,
Investment Securities
Members
American Nat
Indianapolis Stock Exchange
Bank Bldg.
INDIANAPOLIS
SOLICITED.
Otto Marx So Co.
Bankers and Brokers.
OLDEST BOND HOUSE EN INDIANA
BONDS
tNO STOCKS)
RAILWAY COMPANY.
INDIANAPOLIS
WILD & CO.,
Co.,
INVESTMENT SECURITIES.
Columbia Bank Bid?..
AND
J. F
&
Members Pitt?btugh Stock Lxchange.
TENN
-
-
SOUTHERN.
DETROIT. MICH.
EXCHANGE,
Municipal and Corporation
Securities.
Municipal and Corooration
VnlonTrust Bldg.,
HALL,
STOCK
INVESTMENT
LANDIS BANKING CO.,
BANKERS
BONDS
C.
We make
the
W. J-
Dealer In
MAS11VULI.E, TEMM.
MOSS & COMPANY
ROBERT
NASHVILLE.
BANKER
E.
BROKERS,
MEMBER PITTSBURGH
GOULDfNG MARR,
W.
STOCK
FRICK BUILDING.
Oldest Pittsburgh Members N. Y. Stock Exchange
MYRON W. GREENE
DETROIT, MICH.
Whitney, Stephenson & Co.,
BRANCH,CABELL & CO.
SECURITIES
Rochester Securities
Established 187L
H. L. Cabell.
C. W. Branch.
Daily Lists Mailed on Application.
4% to 6% Bonds
PITTSBURGH, PA,
AND
Members New York Stock Exchange, New York
Cotton Exchange, Chicago Board of Trade.
C New Yerk Stock
Members
YORK, PHILADELPHIA, CHICAGO AND
Davenport &
Co.,
BROKERS,
Correspondence
PITTSBURGH
-
MEMBERS:
NEW
RANKERS
BUFFALO, N. Y.
—
Banker, and Brokers
Specialty
a
RICHMOND.
Local Stocks.
Henry Sproul & Co.,
Member Louisville Mock Exchange
BUFFALO, NIAGARA FALLS AND
OTHER LOCAL SECURITIES
PITTSBURGH
Wood and Diamond Sts.,
BUFFALO OFFICE, 1000 EUlcett Square
MEADOWS, WILLIAMS & CO.,
BROS.,
BANKERS
Birmingham, Alabama.
STOCKS
ATLANTA
BROKERS,
AND
DARWIN G.
JONES,
ATLANTA, GA.
BONDS.
AND
SECURITIES, NEGOTIATIONS.
Steiner Brothers,
LOUISVILLE.
BANKERS AND BROKERS,
Birmingham,
•
•
Alabama,
investment Securities.
LOCAL STOCKS AND
J. J. B. HILLIARD & SON,
BONDS.
LOUjSVILLE, KY.(
HANKLltS AND BROKERS.
NEWTON TODD
TRACTIONS AND
LOCAL STOCKS AND BONDS.
Fletcher Bank Building, Indianapolis.
A.
STOCKS
Strassburger,
AND
BONDS
BROKER.
Southern Investment Securities.
MONTGOMERY, ALA.
INVESTMENT BONDS.
STREET
RAILWAY SECURITIES
A
Specialty.
Correspondento, EX. NORTON A CO.,
N. Y,
irm
THE CHRONICLE.
[VOL
LX1X1V,
<$>uvKtni Hutitl %nquixiz&
Booneville St. Louis & Southern 6s
Cine. Ham. & Dayton Refunding 4s
Pittsburgh Term. RR. & Coal 5s
Peoria & Pekin Terminal 1 st 5s
Little Falls & Dolgeville 3s
HOUSTON & TEXAS CENTRAL
(Southern Pacific System)
General
mortgage 4% Gold Bonds
DUE APRIL 1, 1921
Toledo
Ry. & Terminal 5s
Bush Terminal 4s & 5s
New York & Jersey 5s
Dawson Coal & Ry. 5s
Southern Indiana 4s
AND
F.
ALL
STEAM
RAILROAD BONDS
DEALT
IN
BY
Denver Tramway 6s
St. Paul Cable 5s
YORK.
Mnome Nnw York Stock kxchah«he.
Allis Chalmers
Building, HARTFORD
A. LISMAN &
30 Broad Street
4i, Series B.
Telegraph Notes, 1910.
Equitable Building,
Central RR. of New
Jersey 5b
Gulf & Ship Island 5s
Mobile & Birmingham
4s
CO.,
Westinghouse Conv.
new York.
Lawrence Barnum &
AMERICAN
PHILADELPHIA
Rhoades
Write
List
Pino Street, New York.
Tel. 0100-1-2-3-1-5 John.
call for
or
of
Maturing
Co.,
BOSTON.
“Investors’
Bonds”
with
comparative tables—a useful book
for bond buyers.
January Circular No. 271
containing descriptions and offering
Virginia Midland. Gen. 5s
Richmond-Washinton 4s
Western North Carolina 6s
Missouri Kansas Sc Eastern 5s
Pitts. Cinn. Chic. & St. Louis 4^s
Company,
St., Corner New St.,
Telephone 1135 Hector.
BONDS
our
&
Commercial Cable Bonds
WANTED:
KIWYOttK.
MATURING
TELEPHONE
AND TELEGRAPH
BANKERS.
34
Cable Address:
** NBWB08E.”
NEW YORK.
*7 utd 29 PtaM Street
COMPANY,
Rector.
Broad.
5s
Write or call for list
of 64 issues
yielding
from 4% to 7%
BONDS
‘Beckster,”
{38*2 i
(4380 J
7 Wall
Republic Iron Sc Steel 5s, 1934
Cable Add.
Telephones
;NOTES
JANUARY INVESTMENTS
Erie Convertible 4s Series “B”, 1953
American Tele.A Tele. Notes, 1910
Pennsylvania
1916
Choctaw Okl. & Gulf Cons. 5s, 1952
United States Steel 1st 5s, 1951
Tel. 985-986-987
4s
People’s Gas 5s, 1947
Mutual Fuel Gas
5s, 1947
BORDEN
BECKER & STERLING
Pac., Central Uranch
Santa Fe Prescott & Phoenix 5s
25 Broad St.
WE ARE PREPARED TO BUY OR SELL:
&
stock markets.
1st,
Mo.
Helena Lt. Sc Ry. 5s
Portsmouth St. RR. Sc Lt. 5s
Norfolk & Western Gen’l.
6s, 1931
Georgia Pacific 6s
Nash. Chat. Sc St. L. 7s
Detroit Sc 'Toledo Shore Line 4s
Genesee Sc Wyoming 5s
COFFIN
Deal in Bonds, 8tocks and Investment
Securities and transact an
arbitrage
business with the principal European
New York
Specialists in Uncurrent Issues.
&
5s, 1936
Erie Convertible
iliBBEY &STRUTHERS
Minneapolis Street 5s
Milwaukee Electric 5s
Detroit Electric 5s
Kansas City, Mo., Metrop. 5s
PROCTER
Deposits
45 NEW STREET.
Am. Tele. Sc
TeL 5950-1-2 Broad.
on
Building, PHILADELPHIA
Boulevard, CHICAGO
404 Connecticut Mutual
A
25 Bread St..
New York
BROADWAY, N. Y„
STREET, NEW
Land Title & Trust Co.
169 East Jackson
Telephone
3945 Bread
NEWBORG & CO.,
44 Sc 40
*rEClAJLlSI S Ift hTEAM UAlLROti)
Members ft. Y. Stoek bxctuuiu^
BROAD
BANKERS
Interest Allowed
J. LISMAN & COMPANY,
30
G. W. Walker & Co.
of railroad and other bonds suitable
and
safe
for
investment, now
Short-Time Canadian Provincial
Bonds
Hartahome,Bogert&Battelle.
Members New
25 Broad Steet,
New York.
Tort Stock ExchA^e.
160 St. James Street,
Montreal, Canada,
Telephone No. 6480-1-9 liroad
Hudson
Companies Preferred
St.Paul RR.Warrants 1st ins.Paid
ready.
LINCOLN & COMPANY
New York
City Tax Exempt Stock
18 WALL STREET
18 Wall St., New York
Wadsworth &
BAKER, AYLINC
Members New York Stock
&
COMPANY
2 Wall Street.
Wright,
Exchange
NEW YORK.
Investment Bonds
Land
Title
Building
PHILADELPHIA
50
*
ongress
Street
BOSTON
DESCRIPTIVE CIRCULARS SENT ON APPLICATION
Fort Worth & Denver City 1st 6s, 1921
Augusta-Aiken Ry. Sc El. 5s, 1953
Fonda Johnstown <fc Glov. 4LJs, 1952
Cayadutta Electric 1st 6s, 1922
York Haven, Pa., W. & P. 1st
5s, 1951
M.
WOLFF,
Cable Add. ‘‘MOWOLF*’ 27 William
St., N Y
Phones: 6557-6358-6559 Broad
Jan. 19
IX
THE CHRONICLE
1907.]
Inquiries.
©ttrvent pond
569821—Cheonmstap. ke
8250,000
SOUTHERN RAILWAY, ST. LOUIS DIVISION,
MORTGAGE COLD
FIRST
4% BONDS,
&
CO.,
BANKERS,
SCRANTON
-
-
-
PA.
January, 1951
Due
DEALERS IN
94/^ and Interest,
Price
BROOKS
securing these bonds Is limited to $12,500,000, but only $12,250,000 were out¬
The remaining $250,000 bonds have just been sold and we have purchased the same.
We reserve the right to withdraw the bonds or advance the price without further notice.
These bonds are secured by first liens on that part of the Southern Railway System which lies be¬
tween Louisville, Ivy., and St. Louis, Mo. The Southern Railway operates over 7,500 miles, and has
For the year ending
$60,000,000 preferred stock ami $120,000,000 common stock outstanding.
June 30, 1906, the Southern Railway reported a total net Income of $15,457,300; after providing for
Interest, rentals and other deductions, there was a surplus over llxed charges amounting to $5,229,065.
The mortgage
standing.
Northeastern
Pennsylvania Investment
Securities
Correspondents: Edward B. Smith ft CoMembers N.Y.and Phila. Stock Exchanges
Itoe Mann&l of Northeastern Pennsylvania
Securities, Now Out. Mailed free an Raqnsal
©ur
Co.
Pfaelzer &
HIGH GRADE BONDS
BANKERS
25
BOSTON
SCOTT & STR1NGFELL0W
WE OFFER:
Bunkers & broken
Bay City Gas 5s due 1920
Poughk. Lt., Ht. & P. Co. 1st 5s,
St.
PHILADELPHIA
BROAD STREET, NEW YORK
1921
Joseph Ry. Lt., Ht.& P. 1st 5s,'37
Sutton, Strother & Co.,
ST.,
104 SOUTH C4LVKUT
RICHMOND, VA.
clients.
We will upon application
the following properties.
send our circulars on
& Ohio
GO—Comp. B. &0., C. &0. and N. &W
Austin, Texas, 4s & 5s
C. & O. and N. & W.
Marion (O) Water Co. Bonds & Stocks
& Ohio Dividend
Exchange.
Hudson River Electric Co. 5s
Metropolitan Water Co. 4s
Brainerd (Minn.) Water Co. Bonds.
St. Louis & No.Arkansas RR. Sec.
H. C. SPILLER &
CO.,
Westchester Lighting 5s
Lexington Ave. & Pavonia
Ferry 5s
Kings County Elec. Lt. & Power Gs
People’s Gas Lt & Coke (Chicago) Gs'J
.
PATERSON &
N
porations
OmIwi In Unlisted Inactive
F.
W.
Stocks and Bands
&
MASON
!$% State St..
CO.,
UOWTOK, MASS.
LEONARD F. HEPBURN, Broker
“
Public
Service Corporation Bonds
Exclusively.”
Tel. 3785-3783 Rector
20 New
and Stocks
St., N.Y. City
N. Y. & Queens Elec. Lt. & P Pfd.&
N. Y. Mutual Cias Light Co. Stock
Rochester Ry.
Lt. 5s 1954
conservative
TO
NET
444%
7
30 Pin©
Application.
PHILBRICK & HALL
HANKERS <fc BROKERS
Members New York
Stock Exchange
25 Bi oa.il Si.. N. Y.
BONDS.
GRADE
Tel. 4301-2 Brond
27
PINE STREET,
NEW
S. C.
NET
MORTGAGE 5% RAILROAD. «AB
WATER BONDS, AT PRIOE8 N
3)4
SAUNDERS & JONES
35 WALL ST.,
HENNING & CO.,
New York.
Louisville.
MEMBERS NEW YORK STOCK
New Orleans
EXCHANGE.
Ry. & Light Securities
Springfield Ry. & Light Securities
International Traction of Buffalo and
other Traction Securities
W. A.
WILLIAMSON,
Telephono 6 50 J hn
Lid upon Application.
TO 5)4%.
YORK.
TELEPHONY 237 JOHN.
55 William Street
-
NEW YORK
-
BOND HOUSE OP
H. P.
Taylor & Company,
248 Fourth Avenue,
We
Will
PITT."BU ItUH
Bay
Philadelphia Company Of Pittsburg
UNDERLYING SECURITIES;
Consolidated Gas of New Jersey 5s
Wilkesb. & Haz.RR.Co. Bonds & Stk
E. I. Dupont do Nemours Powder Co.
Preferred & Com. Stocks.
Harrisburg (Pa.) Gas Co. 1st 5s.
GEO. P.
BISSELL,
Philadelphia, Pa.
118 South Fourth St.
Richmond Passenger & Power 5s, 1925
Memphis & Southeast. 4^s
(Ohio) St. RR. & Lt. 5s
Wheeling & Lake Erie 5s
Pittsburgh Shawmut & North.4s, 1952
St. Louis
Hudson River Water Power
Portsmouth
5s, 1914-19
International Silver Dbt. 6s, 1933
FREDERIC H. HATCH,
Securities of Railroads ar.d other
Corporation* in the United States and elsewhere
Dealer In Unlisted
Tel. 1116 Broad.
30 Broad
St. Nnw YorV
LEONARD SNIDER,
Tel. 1620 Rector.
68 BROADWAY
HIGH-GRADE BONDS,
Stocks and
Inactive Securities
St. Louis & San. Fr. 43^s, 190S
& 1912
Indianapolis 7s, 1914
Securities Stk.
American Tele. &Tele. Notes
Republic Iron & Steel 5s, 1934
C. C. C. &
American Investment
INVESTMENT SECURITIES
E. C. Stanwood & Co.
BANKERS.
96 MILK STREET
Rosen, Stillman & Co.,
Members N. Y. Stock Exchange.
•0 Pine Street, New
York City
Tel. 4640 John
& CO.
Connecticut Traction Bonds
Jester & Co.,
Securities
J. WHIet H«B
A. E. PMlbrick
Yew York
Street,
Connecticut Railway & Lighting Co.
& PHELPS.
29 Wall St., New York.
“GUARANTEED STOCKS”
Securities
THE BOURSE.
PHILADELPHIA.
BROADWAY
NEW YORK.
FIRST
5!4%.
to
Co. Sks.
VICKERS
Descriptive List Sent On
investment
Ill
AND
Georgia Ry. & Elec.5s 1932
Binghamton Gas Lt. Co. 5s 1938
Columbus (Ohio) Gas 5s 1932
Columbus (Ohio) Crosstown 5s 1933
'
selected
carefully
for
Ogdensburg & Lake Champlain 4s
Omaha Council Bluff St. 5s
SpeclaliHtH In
Northeastern Pennsylvania
BANKERS.
Y.
Lake County (Colorado) 4s
Detroit Edison 5s
Great Northern Ry. 4s Canada
Kansas City Mo. Gas 5s
| 3^31 Roctor
Telephones
BONDS of Public Service Cor¬
HIGH
CO.,
20 Broad St.
YORK.
A. N. CHANDLER
BANKERS
Ry. & Lt. 43^>s
Tel. 1985-6 Rector.
ST., NEW
NASSAU
5
Bickmore & Co.,
A. H.
Specialists in Inactive Bonds,
27 Slate street
*
«-*oston.
New Orleans
BANKERS
From time to time we make studies of railroad
and industrial properties for the benefit of our
of Ga. Income Bonds.
RALTIHOitE, tSL&c
Members of Baltimore Stock
MEGARGEL & CO.
BOSTON
THE CHRONICLE.
[V6l.
Ifitratictal
.
lxtxiv.
^financial.
CINCINNATI.
©
.A ^
BONDS
WE OFFER
TRUST COMPANY
Cincinnati, Or, Ref. 314s
Cleveland, O., Park 4s
Greenville, 8. C., Irnpt. 4^s
Topeka, Kansas, Impt. 5s
Jasper County, Ga., C. H. 5s
OF NEWYOR
15
NASSAU
Capital $3,000,000
Surplus $10,000,000
ALVIN
W.
KRECH,
LAWRENCE L. GILLESPIE, Vice-President.
LYMAN RHOADES JR., Assistant
Full
STREET
on
Request
WEIL, ROTH & CO.
President.
139
FREDERICK W. FULLE, Sec. and Treas.
HUGH M. WALKER, Assistant Treasurer.
Secretary.
Particulars Mailed
East Fourth Street
CINCINNATI. O.
TRUSTEES.
C.
F.
Adams 2d
John
C.
B.
Alexander
Frederick
H.
M.
Alexander
F.
Dryden
W.
Winslow
Fulle
S.
Pierce
Hugo Baring
P. R. Coudert
Lawrence L. Gillespie
E. H. Harriman
Lyman Rhoades Jr.
T.
J.
Paul
Bradish Jchnson
W.
D.
H.
Cravath
Crocker
H.
Otto
T. DeWitt Cuyler
William A. Day
H.
L.
F.
Force
Henry C. Deming
D.
H.
M.
Paul
Sir William C.
H.
Moffat
M.
Van
Companies.
Horne
CINCINNATI,
Henry
Wilson
Rogers
NEW
Winthrop
Peters
ISSUE
Barney & Smith Car Co. 5% 1st Mtge. Ronds
Dated
oilv 1
iyOd.
Pnc*
Due July
BROKER
AND DEALER
CINCINNATI,
Jones, Caesar, Dickinson, Wilmot & Co.
Public Accountants
YORK
54 William St.
CHICAGO
Tribune Bldg.
PITTSBURGH
MEXICO. D. F.
Apartado, 3029
WHITE, WAGNER
AND
uhWHKH.
■
OLUMhUS
&
CO.,
BONDS
Miscellaneous Securities
a
OHIO.
-
all
n
STOCK
Markets
EXCHANGE
DENVER. COL
ST.
LOUIS
SAN
FRANCISCO
Monadnock Bldg.
Stock Exchange Bldg.
LONDON
*
People’s Bldg.
-
COLUMBUS
bTOCKS
(Ullnols)
NEW
f. lyjo-
102^,.
EDGAR FRIEDLANDER
-
Certified
OHIO.
-
-
Walker
George T.
Morton
Ralph
Bonds and Stocks of Ohio
Henry Smith
Gage E. Tarbell
Krech
CO.,
INVESTMENT BANKERS
V. P. Snyder
Kahn
W.
Hartley Dodge
Henry S. Redmond
Hubbard
Alvin
W. E. HUTTON &
H. H. Porter
3 Fredericks
(vunicipal and Corporation
MELBOURNE
[ENGLAND]
,
[AUSTRALIA]
Place, E.C.
9
William E. Sweet Sl Co.,
Queen Street
BO^DS
GROUND FLOOR EQUITABLE
SEATTLE
ST. LOUIS.
ST. LOUIS.
JOHN
E.
BUILDING
WASH
PRICE,
Banker & Broker,
FRANCIS, BRO.&CC.
A.
G.
EDWARDS
&
STOCKS AND
-
Exchaei^e.
BONOS,
4iO and 412 Olive Street
LI
&
N#*w
York Stock
Mock
CO.,
I
i
*
Investment Securities
Special Attention to St. Louis Securities
PACIFIC
PHILADELPHIA
COAST
SECURITIES A SPECIALTY
ICxonanoe.
LOS ANGELES.
r.xchaiiur.
"I, i.oiit* ■‘took Exchange.
1'»• icatto Hoard oS Trade.
DEALERS
PORTLAND
BONDS
Broadway, NEW YORK.
t
MORRIS BROTHERS
Municipal and Corporation
St; Louis.
Investment Securities.
WHITAKER
STOCKS
POtfTLA^O, ORE,
Member* New
('hit a^o Mock
corporation
SONS,
ST. LOUIS
Nt.
and
ISON DS
BANK
214 N. 4th Street.
York Stock Gxchan«e,
Loul* stock Exchange.
Municipal
CALIFORNIA BONDS
Municipal.
IN
Investment Securities,
S Tiool IMutrict and Corporation
THEY PAY A BETTER RATE OF INTEREST
THAN BONDS OF THE SAME MERIT ISSUED
IN THE EAST
Correspond with
PRIVATE WIRES TO
PRINCIPAL MAKivLl"
300 N. 4th ST
ST. LOUIS
$7. LOUIS.
PRIVATE WIRES.
in.cmu
New Vork Stock Exchange,
i.ouls Mock Excitative.
LOS A NOELES. CAL.
G.H.WALKER & CO.
Si'.
Stocks and Bonds,
N.E. Cor. Fourth and Locust Streets,
-
Adams-Phil lips Co.
:*07 .\orili
JohnN. Drummond Jr. & Co.,
us
MAmhftvfl
till
Street,
Lulls, itlo.
5 ‘^ew Vork Stock Exchange,
lxmis dlook Exchange.
.iemoei8^st
DEALERS IN
WM, R. STAATS
CO..
CALIFORNIA MUNI IPAL,
SCHOOL AND CORPOKATION
BONDS
TO
NET
4
TO
6
PER
CENT
LOS ANGELES
PASADENA
Government Bonds and other
FIELDING J. STILSON
Investment Securities.
INVESTMENT
CO.,
SECURITIES,
MEMBER LOS ANGELES STOCK EXCHANGE
LOS ANGELE S,
JAN. 19 1907.
THE CHRONICLE
f tuatict?! t
XI
jfinaitdal
CHICAGO.
Bartlett, Frazier
&
Carrington,
STOCKS AND BONDS,
Wilkinson, Reckitt, Williams & Go.
GRAIN AND PROVISIONS.
CERTIFIED PUBLIC ACCOUNTANTS
STREET
NEW YORK.
WESTERN UNION 3LDC. CHICAGO.
BROAD
2b
MEMBERS:
NEW
vORk
STOC*
CHICAGO STOC*
EXCHANGE.
EXCHANGE,
TRADE.
CHICAGO BOARD OF
I’KIVATK
OFFICES:
VV I K !•>.
801-6
Chicago,
A.O.Slaughter jr.&Co.,
STOCK
ItKOKEKS,.
O. SLAUGHTER x CO„
UON KOE STltttT,
Successors to
130
A.
Marquette Building
52
New York,
roadway
v
607-8 Mutual Life
Philadelphia,
building
CHICAGO. ILL.
New V oru Muck Exchange.
New York Cotton tixctmnue,
New V oru Collet* Kxchaiurs,
New Yo»k Produce Exchange.
Member*»
LONDON
Kxchauue.
Chicago Hoard of Triuli*,
Si. I.iuii* tierchnntH exchange.
Chioiuo Slock
AGKNTM
WOODTHORPE, BEVAN & CO.
Chartered Accountants
lar^e
We have at all times
amounts
cioal
ot Hitm Grade
Muni*
Corporation
Bonds
and
Yielding 1rom 4% to 5%. which
are
suitable tor the investment
oftrust funds andwould alwavs
be available as
S. B. CHAPIN & COMPANY
Cor¬
collateral.
respondence invitea.
W.
B. McKeand
STOCKS.
Co.,
Chicago.
The Rookerv
BONDS,
GRAIN, PROVISIONS,
COTTON, COFFEE
A. G. Becker &
Co.,
EXCHANGE
EXCHANGE
NEW YORK C€>FFISI£ EXCHANGE
STOCK
CHICAGO
EXCHANGE
CHICAGO
BOARD
OF TRADE
NEW
^INCORPORATED.)
COMMEKGIAL
PAPER,
S, W. Cor. Monroe & La Saile Sts.,
YORK
STOCK
NEW VORK COTTON
Chicago.
MINNEAPOLIS.
WELLS
DICKEY CO.
&
IfXlxNNLAPOLIS,
AilNN.
ROOKERY
10 WALL
BUILDING
STREET
NEW YORK
CHICAGO
MUNICIPAL and COUPOKATION
GEO.
Commercial
LANE,
B
and Investments.
Paper
MINNEAPOLIS,
-
-
EDWARD P. RUSSELL
EDWARD
MINN.
C. L. PENISTON
WALTER S. BREWSTER
L. BREWSTER, Special Parmer
CLEVELAND.
Hayden, Miller & Co.
RUSSELL, BREWSTER & CO.
SUCCESSORS
Investment Securities
CLEVELAND, O.
Cltlzeua Building.
MUNICIPAL AN1»
PUBLIC FRANCHISE CORPORATION
BONUS
OP
EDWARD L. BREWSTER & CO.
BANKERS AND BROKERS
137 ADAMS STREET
TRINITY BUILDING
New York
and
Chicago
MEMBERS OF
Bought
W
and
Sold.
J. HAYES &
CLEVELAND, OHIO.
SONS,
BOSTON, AlA?^.
New York Stock
Dealern in
High-Grade Investment Securities
Circulars upon
Emery, Anderson & Co.,
Chicago Board of Tiade
Chicago Stuck Exchange
Exchange
Application
IMVESTMEKT BONOS.
Garfield Buildinp,
CLEVELAND, O.
Commission
Orders Executed for
CASH
or on
MARGIN
[VOL.
THE CHRONICLE.
XII
LXXXiV.
jgfiuanctaL
«i«
*^^^^**^*^*
T. A.
THE
»
■>AA‘.%vy(Jxr>*
McIntyre & Co.,
71 BROADWAY
MEMBERS:
AMERICAN TRUST & SAVINGS BANK
New York Stock Exchange.
New York Cotton Exchange
New Orleans Cotton Exchange
Liverpool Cotton Association.
New York Coffee Exchange,
New York Produce Exchange
Chicago Board of Trade
CHICAGO, ILL.
Direct wire connection Boston,
Capital, $3,000,000
Chicago, and
Surplus & Profits, $2,250 000
Dealers
in
New
Orleans.
CORRESPONDENCE SOLICITED
Brandi Offices, 516 Fifth Aveune
Delmoulco’s and 305 Broadway
High-Grade
BONDS
Municipal—Railroad—Corporation
Suitable
PRINCIPAL
for Individuals,
LINCOLN
&
CO.,
Trust Funds and Estates.
SECURE
INCOME ASSURED
BONDS
Our
offerings constitute a carefully selected list of bonds, which should serve|to demonstrate
our excellent facilities for meeting the needs of discriminating investors. Lists mailed on request
ADDRESS
“ROND
.8 Wall
DEPARTMENT”
Street.
NEW YORK
Effingham Lawrence
Robert H. heodsob
EFFINGHAM LAWRENCE & CO.
E. H. ROLLINS Sc SONS
Members New York Stock
1
NASSAU STREET
Bankers
Exchange,
CORNER WALL.
Telephones 4255-4966-4257 Kectpr.
PRIVATE
WIRES TO PRINCIPAL CITIK8.
DEALERS IN
We Make
GOVERNMENT, MUNICIPAL
RAILROAD AND
Specialty of
AND TRUST CO.
STOCKS.
BANK
PUBLIC SERVICE
CORPORATION BONDS
P.
a
J. Goodhart & Co.,
Member* New York Stock Exchange,
57 BROADWAY.
1.1ST
.
-
NEW
YORK
OX APPLICATION.
LADD & WOOD,
Members New York Stock
238*240
LA SALLE STREET
Exchange,
INVESTMENT SECURITIES.
CHICAGO
BOSTON
DENVER
7 WALL STREET.
SAN FRANCISCO
Wilson, Watson & Herbert,
Members N. Y. Stock
Orders Executed for Cash
Exchange,
or on
Margin.
INTEREST ON BALANCES.
CHARLES HATHAWAY & COMPANY
Hanover Bank
Howard
Bldg.,
NEW YORK.
Lapsley & Co.,
13 BROAD STREET, N. Y.
DEALERS IN
Transact
General Banking and Stock
Exchange Business.
a
ACCOUNTS OF BANKS A BANKERS SOLICITED.
COMMERCIAL PAPER
INTEREST ALLOWED ON DEP0SIT8,
Private Wires to Cincinnati and Chicago.
Branch Office. 500 Fifth Ave.
Wm,
Fahnestock, Memb. N.Y. Stock Ex.
T. J. MusroBD,
205
LA SALLE STREET
CHICAGO
R. B. Dodson.
Fahnestock &
Co.,
BROKEHH AND DEALERS IN
INVESTMENT
SECURITIES.
2 WALL STREET.
CHVRLES W.
FOLDS, Resident Partner
BOODY, McLELLAN & 00.,
BANKERS,
No. 57 Bread way, New Yerk City
Members New York Stock Exchange
NEW YORK
BOSTON
45 Wall Str«3t
27 State Street
ST. LOUIS
408 Olive Street
STOCKS, BONDS and INTE8TMENTS,
ORDERS t&XBCUTED
For Investment or on Margin
Jan. 19
XIII
THE CHRONICLE.
1907.]
^financial.
JfitumcfctL
CO.,
C. I. HUDSON So
NEW YOBK.
Nor. 34-86 WALL ST.,
Members of New York and Chicago Stock
ESTABLISHED 1865
Exchange!
Peabody, Houghteling & Co.
Telephone 3070 John.
Miscellaneous Securities
in all Markets.
FIRST NATIONAL BANK BUILDING
CHICAGO
PRIVATE WIRES TO PRINCIPAL CITIES
Chas. Fairchild & Co.,
FINANCIAL AGENTS
Members N. Y. Stock Exchange
STREET AND 3 BROAD STREET
29 WALL
BRANCH OFFICE
Hotel
BANKERS
INVESTMENT
Empire, 63d Street and Broadway
Dealers in Railroad, Public Corporation
and Industrial Bonds and
Chicago City Mortgages
JOHN H. DAVIS & CO.,
NO. 10 WALL STREET,
Constituting
Banke Nurd Members o! the New York
and
Philadelphia Hteck Exchanges
Or4er« for Stock! anil Bonds promptly executed
upon
all Exchanges In this country and Europe.
a
most conservative class of
INVESTMENT SECURITIES
for Trust
Cspecial attention given to investments
Funds, Estates, ecu.
Deposit Accounts deceived and
interest
Allowed Thereon
Stanley D. McOrsw
Robert H. Allen.
William M. Vanoe.
ALLEN, McGRAW & CO.,
24 Broad Street, New York.
CHICAGO SECURITIES
Members
N. Y. Stock Exchange.
R. J. JACOBS
Inquiries Solicited
Orders and
& CO.,
MEMBERS
NEW
EXCHANGES
AND CHICAGO STOCK
YORK
41 MEW STREET.
Members
Y.
N.
Stock Exchange.
Orders Executed for Cash
W. H.
NEW
R. T. Wilson &
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Its
COMMISSION
Sc
Mtrnet
Wn.ll
BOHf-8
LOANS
INVESTMENT
SECURITIES
J. Gr.
Plympton,Gardiner<&Co
Bankers
BROKERS,
BROADWAY.
74
Margin
Goadby & Co.,
BANKERS AND
NO.
or on
232 La Salle St.,
YORK.
CHICAGO
-
-
50
27 William Street
Co.,
Congress 8treet
BQ8TON
NEW YORK
MERCHANT I
VmrU.
BANK AND TRUST
COMPANY
8TOCK8
Zachry & Co,
BANKERS. ♦« V% all «t., Pew York
STANDARD AUDIT CO.
41-43 Wall St.
43-49
Exchange PI.
Henry W. Paret
Caleb W. Hammill
Charles A. Shearson
E. Townsend Irvin
Henry D. Sturtevant
Edward Shearson
William H. Busk
NEW YORK
perley morse
President
> Certified Public
>
Accountant
SHEARSON, HAMMILL & CO.
’Phone 2269 Broad
Successors to
COINSELRIAX
gugttteers.
J.
WHITE
Q.
So
CO.
Engineers, Contractors,
43-49 Exchange
Place.
•
BANKERS
340 Li A. SALLE
ST.,
Correspondent:
J. G. WHITE A CO., Limited,
9 Cloak Lane, Cannon St., &. C.
OHICALiO
Chicago Board of Trade
Exchange
Chicago Btock Exchange
Exchange
Milwaukee Chamber of Commerce
New York Coffee Exchange
St. Louis Merchants Exchange
New York Cotton Exchange
Liverpool Cotton Association
New York Produce
^
Correspondent»:
CANARIAN WHITE CO.,
Montreal.
Limited,
Principal Philippine Offlee* Manila, P. I.
.....
New York Stook
Electric Railways, Electric Light and Electris
Power Plants Financed, Designed and Bulk,
Canadian
BROKERS
MEMBERS
Financial InsHtaiions
and Iayooters.
London
Co.
NEW YORK
IiTMtlfadon! and Reports on Electric
Railway, Gaa, El metric Light, and
Power Transmission Properties
for
So
&
NEW
YORK
OFFICE,
71
BROADWAY
XIV
THE CHRONICLE
ffittattcial.
A, O
tGrumctal,
BROWN &
.30
Members
of
CO.
BROAD STREET
the
Exchanges
VOL. LXXXIV
New
York
Chicago
Cleveland
Stock
Board
Stock
DEAL
of
and
Cotton
Trade
and
Exchange.
IN
STOCKS, BONOS AND
MISCELLANEOUS SECURITIES
IN ALL
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to
MARKETS
principal cities.
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BRANCH OFFICES
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HARRIMAN& CO.,
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HII I. DIN (f,
NKW VOHK
f
lUNKUK* AND BROKERS,
MEMBERS:
Transact a General Banking and Stock Excha:a>*
Bnsiuess. We make a specialty of
Investment Securities,
BRANCH O FFIC’K. NIGHT& >>A Y BANK
.VZ7 FI PTH A V KN U E.
Newport Ollice:
Fiscal Agents for
Broadway
New York Stock
Exchange
Chicago Stock Exchange
( Chicago Board of Trade
%
Railway and Lighting
Corporations.
BROWN &
CO.
Aadram Building.
A. M. KIDDER & CO
BAtfliRRS,
18 WALL
HTRKET, NKW VOKJ1.
JEHtahlltihed LSG5.
MEMBERS OF NEW YORK STOCK EXCHA* ' *
Allow interest on deposits Hub.lect to
sight ohtvb
Buy and sell on commission st oka and bonds,
dead in
RAILROAD BONDS
GUARANTEED STOCKS
CHARLES FE&RON & 00.,
A.
O.
BANKERS,
MEMBERS ALL PRINCIPAL EXCHANGES
Orders Executed on All
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em
era
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\
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(
phiiHljeiphiu
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stock
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PHILADELPHIA
-
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8ucces»orn
OFFICES:
8. CO.
S. r
to
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8. F. JOHNSON <fc CO.,
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STREET,
NEW YORK
Branch Office. Trov N, Y,
MEMBERS NEW YORK STOCK EXCHANGE
Henry G. Campbell,
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8ARRELL
TELEPHONES:
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)
1
__
l^ana£er8
Building
NOYES, Manager
Campbell & Co.,
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Street, New York.
MEMBERS NEW YORK STOCK EXCHANGE
Securities Bought and Sold
mission.
on
Com¬
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Parkinson & Burr,
STOCK
Frank K. McMullin
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BROKERS,
f WALL STREET,
53 STATE STRfEKT
NKW YORK.
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Members of New York and Boston Stock
Exohango
Private wire between the two offices.
Information given in regard to all Boston Security
and quotations famished.
CLEMENT, CURTIS & CO.
BROKERS
\
Jas. H. Oliphant
& Co..
BROKERS,
J
BANKERS AND
20 Broad Street,
.
.
New York.
Telephone No.8«6 Rector
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AlFHd-D L. NORRIS
J. NORRIS OLIPHANT
Members New York Stock Exchange
O, J.
BRAND,
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219 LA SALLE ST.,
MEMBERS
Rookery Building
New York Stock
New York Coffee
Exchange
Exchange
Chicago Stock Exchange
Chicago Board of Trade
Members New York Stock Exchange.
74 BROADWAY.
INVESTMENT SECURITIES
J. S. & R. D. FARLEE
MEMBERS NEW YORK STOCK EXCHANGE.
BROKERS AND DEALERS IN
INVESTMENT
SECURITIES.
11 WALL STREET, NEW YORK
IMPORTANT
Our office is open at 7 a. m., with a direct
private wire to New York
and special cable service to London.
We are prepared to furnish
quotations and execute orders
on
the
London Stock Exchange.
Jan. 19 1907
THE CHRONICLE-
Si
financial.
Kissel, Kinnicutt & Co
1 Nassau
xv
Arthur O.
Street, cor, Wall, New York
a
rv
Frank W. Thomas
Slaughter Jr.
c?t
Philip W. Selpp
a t tr* t
m
A.O. SLAUGHTER JR.
Foreign and Domestic
BANKERS
(cucc.ssors to a, o. SlAUGHTEk $t CO.>
BILLS
1RANSFERS
COLLECTIONS MADE ON ALL EUROPEAN
f New York S'oek Exchange
POINTS
j New York
1
MEMBERS
INVESTMENT SECURITIES
Our
pamphlet No. 55
on
INVESTMENTS”
VSHORT-TERM
free
sent
request.
on
Members N. Y. Stock
SO Broad .st.
We
are
In value in
for
railroad
believe
we
investment
yielding
will double
13i> MONROE STREET, N. Y. LIFE
stock
WALL
Capital and !■
Deposits,
STREET,
urp us,
fSIX^a^I0 ALL
INVESTMENT SECURITIES
THE INTERNATIONAL BANK,
60
BUILD.NO,
CHICAGO.
few years.
a
COFFEE
VOKK
recommending
which
4.5G%,
COTTON
Exchange
-
first-class
roduee Exchange
£
New York < o ton Exchange
■{ New York <Y>tree Exchange
Chicago Board of Trade
Chicago Stock Exchange
St. Louis Merchants' Exchange
STOCKS, BONDS. GRAIN, PROVISIONS,
Ashwcll & Io„
a
& CO.,
BROKERS.
EXCHANGE
OF
CABLE
o
N. Y.
.
.....
$600,000
1,750,000
—:
—
——
Individual and Commercial Accounts Invited
Facilities Afforded for
JOS DCJCJCJJCb LlblluUII
Transacting
Foreign and Domestic Business
.
.
AND
INTEREST PAID ON TERM DEPOSITS
LO LL(3-tiJL,,ljfctulL.
THOS. H. HUBBARD, President.
J. S. FEARON, Vice-President.
JOHN HUBBARD, Vice-President.
JAMES H. ROGERS. Cashier.
CHAS. S. EIPPINCOTT. Asst Cashier.
SUCCESSORS TO
TOM
NT
cJ
v_y 11 IN
BEADLE & MAXWELL
Gas and Electric
BROKERS
Tn\;oK<4mAr|I'
NEtV YORK
HOMPANY
wW IVi i ri.in X
Rr
CX.
KINO
xv 11 > Vjr
BANKERS
ENGINEERS
82 Beaver St.,
n
U.
VLo
1
OC
Examinations and Reports
MEMBERS
NEW
YORK
STOCK
EXCHANGE
CHICAGO STOCK EXCHANGE
HODENPYL, WALBRID6E & CO.,
CHICAGO BOARD OF 1RADE
|(rri
7 Wall
1
the Kookery
St., New York.
Railroad, Street Ry., Gas & Elec. Light
1 Q
99
11/-H
lo frail jtreet
New York
Chicado
SECURITIES.
Second Avenue Cons, 5s
Port Huron Division 1st 5s
Richmond & Danville 6s
Maryland Delaware & Virginia 1st 5s
Pittsburgh 6s
West Va. Central &
C. L. PARMELEE & CO.,
Tel. 910-1 Rector
20 Bro.d St.
N
V.
BENJ.
R.
CAHN,
OTTO JULIUS MERKEL
STOCKS, BONDS, GRAIN, PROVISIONS,
BROKER
44
AND
WALL
46
ST..
NEW
YORK-
104
INVESTMENT SECURITIES.
La
Salle
Street,
CorreiDODdKDN lavitfd
CHICAGO.
JF
your client wants a
SPECULATION, with all
sureness
of
a
bond
good
the
Members New York and
Chicago Stock Exchanges and Chicago Board of Trade.
investment,you
cannot do better than recommend
American
Telegraphone Company’s
Treasury Stock.
Write for illus¬
trated booklet No. 644.
^
Sterling Debenture Corporation
ao
WALL ST.
NEW YORK
PRIVATE WIRES TO NEW YORK AND BOSTON.
XVI
THE CHRONICLE.
[Yol. lxkxiv.
2F;imrociat
NLEY BARRELL
FREDERICK R. BABCOCK
FINLEY BARRELL & CO.
BANKERS AND
BROKERS
f New YorK Stock Exchange
New York Cotton Exchange
1
New York Coffee Exchange
MEMBERS
”| New York Produce Exchange
Philadelphia Commercial Exchange
L Chicago Stock Exchange
Chicago Board of Trade
St. Louis Merchants’ Exchange
Minneapolis Chamber of Commerce
i
Milwaukee Chamber of Commerce
'
Winnipeg Grain Exchange
Manadnock Block, CHICAGO
74 Broadway, NEW YORK
Chicago Branch Office, Railway Exchange Building
PRIVATE WIRES TO ALL
PRINCIPAL CITIES
JOHN
P. HARRIS.
)
h. r. WINTHROI’,
} General
T. H. CUNNING
AM)
J. a. riplef,
Partners
Special Partner
Harris,Winthrop& Co.
Stocks, Bonds
and
Grain
MEMBERS
New York Stock
Exchange
Chicago Board of Tra'te
Chicago Stock Exchange
^
25 Pine Street
Edwin L. Lobdell & Co.,
240 La Salle Street
NEW YO#K
CHICAGO
PRIVATE
BANKERS & BROKERS,
WIRES
Rookery Building,
A* B. Leach & Co.
80 Broadway,
Chicago.
New York.
BANKERS,
149
Broadway, NEW
YORK
140 Dearborn St., CHICAGO
28 State
St., BOSTON
421 Chestnut St.,
BAKER &
PHILADELPHIA
SIDNEY C. LOVE & CO.,
VAUGHAN.
BANKERS AND BROKERS
FIRST
MORTGAGE GOLD
\
Gas Bonds
20 BROAD
STREET,
STOCKS, BONDS, GRAIN, PROVISIONS,
Rookery Building
NEW YORK
CHICAGO.
BONDS
▲HD
ALL
UNLISTED
2 Wall
MARKETABLE
Street,
Chamber of
NEW YORK CITY.
Commerce,
ST. LOUIS.
Chamber of Commerce,
MINNEAPOLIS.
SECURITIES.
W. E. R. SMITH &
20 Broad Street
New
CO.,
York:.
MEMBERS
NEW YORK STOCK EXCHANGE
NEW YORK PRODUCE EXCHANGE
CHICAGO STOCK EXCHANGE
C. B. VAN
NOSTRAND,
30 WALL STREET.
Investment Securities
CHICAGO BOARD OF TRADE
MINNEAPOLIS CHAMBER OF COMMERCE
ST. LOUIS MERCHANTS’ EXCHANGE
Jan. 19
1907.j
THE CHRONICLE.
gljecttous.
XTIl
ffitmucial.
OFFICE OF
Title Guarantee & Trust
176
Company
Broadway, New York, January 16th, 1907.
At the Annual
of this Company,
Meeting
of
the
We Offer at 100 and Interest
Stockholders
held January loth. 1907, the
were duly elected Trustees
following gentlemen
CLASS
EXPIRING
IN
THE
YEAR
1908:
Henry Roth.
$1,500,000
CLASS
EXPIRING IN THE YEAR 1909:
James It. Manning.
EXPiRl.NO IN THE YEAR 1910:
Frank Bailey,
Augustus D. Juilliard,
Charles S. Brown,
William J. Matheson,
Edward T. Bedford,
Frederick Potter,
Julieu T. Dav ies,
Charles Richardson,
Charles R. Henderson,
Jacob H. Sehill.
At a subsequent meeting of the Board, the
following officers were unanimously
elected:
Mr. CLARENCE H. KELSEY, President; Mr.
FRANK
BAILEY.
Vice-President; Mr. ED¬
WARD O. STANLEY, Second Vice-President,
Manager Banking Department; Air. CLINTON
D.
lit’ROii K.
Third Vice-President; Mr. J.
WRAY
CLEVELAND,
Secretary;
AR
Mr.
TILT TERRY. Treasurer;
FRANK
Mr.
L.
SN1FFEN. Manager of the Brooklyn Banking
Department: Mr. JOHN W. SHEPARD. As¬
sistant
Treasurer: Mr, NELSON B. SIMON,
Mr.
HORACE ANDERSON and Mr.
DAVID
BLANK, Assistant Secretaries.
J. W E A Y CLEVELAND, Secretary.
CLASS
THE FIRST NATIONAL BANK
Sierra Madre Land & Lumber Go.
First Mort^a^e Gold
6% Sinking Fund Bonds
TOTAL AUTHORIZED
ISSUE, S3,000,000
Dated Dec. 1, 1905.
Maturing- Serially, S75,000 Annually, Dec. 1, 1911 to 1930
inclusive.
After Dec. 1, 1915, any bonds outstanding subject
to call at 110 and interest.
OF MORRISTOWN.
Interest
Morristown, N. J., January 12th, 1907.
At the Annual Meeting of Stockholders for khe
lowing gentlemen were unanimously elected to
for the ensuing year:
Melvin S. Co'uliet,
*
Rudolph H. Kissel.
Joseph B. Dickson,
Robert 11.. McCurdy.
Chas. W. Ennis,
I).
Hunter McAlpih,
IT. Ward Ford,
Huy Minton.
Francis S. Ho\ t.
<•
Albert 11. Yernam,
Theodore F. King.
Jos. H. Van Horen.
Gcorgi B. Wilson.
At the First meeting of the new Board of Direc¬
tors Mr. ALBERT H. YERNAM was
re-elected
President
and
Mr.
RUDOLPH
11.
KISSEL
First Vice-President
and
Mr. GUY MINTON
Second Vice President.
JOSEPH H. VAN HOREN, Cashier.
payable June 1 and December 1
KNICKERBOCKER
Election of Directors nelu Jan. 8th, 1907, the fol¬
TRUST
at
CO., NEW YORK, Trustee
serve
The Commercial Trust
of New York
Company
SINKING FUND.
A CONTRACT with the Greene Consolidated
Copper Co. provides that each
year
for 25 years
that company must purchase $1,000,000 worth of lumber at
market prices.
The protit on this one contract is estimated at $100,000 an¬
nually, which would more than cover the $180,000 annual interest charge
and retire the required $150,000 bonds annually beginning 1911.
NET EARNINGS est imated
At the Annual
Meeting of Stockholders of this
Company, held January Kith, 1907, the following
elected Directors:
Kimball C. Atwood.
Herman Auerbach,
0. J. Baumann,
SI 50 to be paid to the trustee for each 1,000 feet of tim¬
ber cut.
1907, at $1,200,000 per
by the President of the Company beginning January,
annum, or over six times the interest charges.
were
Edward A. Kerbs.
James H. MeGraw,
1. A. Mekeel,
E. E. Moore,
R. R. Moore,
L^ 11. Perlman,
Charles G. Phillips,
VV. I). Sargent,
L. I). Smith.
Henry Dazlan,
George W. Elkins,
A. L. EHanger,
E. H. Fallows,
Joseph R. Grisnier.
Al. 1 layman,
Inspectors of Election:
Hollis E. Cooley.
De Witt C. Flanagan
At a subsequent meeting of the Board of Di¬
BONDS ARE FIRST MORTGAGE
under
AMES
NEW
YORK
STREET
At the Annual Meeting of tin* Stockholders of
this Company, held on the lOth day of
January,
1907, the following gent remen were unanimously
elected Trustees or Directors of the
Company
for the term eliding January, 1910:
J. ROOSEVELT ROOSEVELT
PERCY CHUBB
EDWIN A. CRU IKS HANK
HENRY K. POM ROY
HARRISON E. GAWTRY
ALFRED E. MARLING
RICHARD H. WILLIAMS
ARCHIBALD I). RUSSELL.
And the following gentlemen as Inspectors of
Election for 1908:
NEW BOLD T. LAWRENCE
ARTHUR I). WE EKES
PERCY R. PYNE.
HENRY W. HEIGH LEY, Secretary.
NOTICE
INVITING
PROPOSALS
FOR
SALE
(3,018
square
miles) of
ownership
AMOUNT
on
OF
the continent.
TIMBER
ON
THIS
TRACT
IS
18,000,000,000
marketed, estimated at $300,000,000.
FULTON TRUST COMPANY
OF
acres
(Eighteen billion feet), having a minimum estimated value of $3 per thousand
feet standing, or $54,000,000.
As the mortgage is limited to $3,000,000,
the valuation is 18 times the amount of the loan.
Value of the timber, cut and
HIGGINS. Secretary.
30 NASSAU
one
ESTIMATED
rectors, Mr. R. R. Moore was elected President
and Mr. (i. J. Baumann Vie- President.
•
2,315,000
on
timber lands in the States of Chihuahua and Sonora near United States bor¬
der. Area nearly as large as Connecticut.
Probably largest timber tract
ARRANGEMENTS ARE BEING PERFECTED FOR HANDLING OVER 100,000,000 FEET of lumber per annum at the mills of the Company now built
and in
course
of construction.
A railroad has been
completed to the property
great quantity of lumber
There is an assured market for practically all the lumber
produce, in northern Mexico and in Arizona and New
and all facilities for the economical
are
the
in readiness.
Company
can
production of
a
Mexico.
WE WILL FURNISH CIRCULAR
giving letter of Col. W. C. Greene, President
Company, report by our own expert, Mr. J. P. Brayton of Chicago,
map showing location and railroads.
of the
and
Messrs. Dillon & Hubbard of New York approve the legality of the issue.
AS THE BONDS ARE
AND REDEMPTION OF BONDS OF
SERIAL, WE WOULD SUGGEST ORDERING AT
ONCE TO INSURE CHOICE
OF MATURITIES.
Pacific Gas & Electric Co.
Notice Is hereby given that In conformity to
the sinking-fund provisions of Its general and
collateral trust mortgage bearing date Jan. 2,
1906, and pursuant to a resolution of Its Board of
Directors
adopted Dec. 26, 1906, tbe Pacilic Gas
Electric Co* has paid to the Union Trust Co.
of San Francisco, Trustee under said Trust Mort¬
gage, the sum of Two Hundred and Fifty Thou¬
sand Dollars ($250,000) to be applied to the pur¬
chase of as many of the outstanding bonds secured
MASON, LEWIS & CO.
GEO. 0. COOK & CO.
&
as
said
sum
proposals for the sale of any of its outstanding
bonds'secured, by said Trust Mortgage
New York
i
CINCINNATI
at prices
be named In said proposals.
Said proposals must be addressed to the Pacilic
Gas & Electric Co. at No. 925 Franklin Street'
San Francisco, California, endorsed “Proposal for
Sale of Bonds,” and must be delivered to or re¬
ceived by the Company at the above specified
place, on or before the 23d day of January. 1907,
at 3:30 o’clock p. m., at which time the proposals
will be opened and the oilers of the lowest bidders
accepted.
The proposals must specify the serial
numbers of the bonds offered for sale and must
offer the whole or any part of the lot tendered,
with the price specified.
By order of the Board of Directors San Fran¬
cisco
December 31
1906.
(signed) CHARLES W. CONLISK.
Secretary of Pacific Gas & Electric Company.
Philadelphia
will purchase,
and In conformity with said Trust Mortgage said
Pacilic Gas & Electric Co. hereby Invites scaled
to
Boston
INDIANAPOLIS ST.
CHICAGO RY. CO.
New
The
York,
Nov.
LOUIS
1,
&
1906.
undersigned. Sinking Fund Commlssloners I
I. St. L. & C. consolidated 6 per !
cent mortgage, hereby certify that we have this
j
day made a drawing of bonds to be applied to I
Sinking Fund Account of November 1, 1906, In
accordance.with provisions of mortgage, and that I
bonds bearing numbers as follows, viz., 105, 216, I
522, 855, 1098 and 1170. have been drawn fori
such purpose, and that Interest on said bonds ■
shall cease from and after the 1st day of May. i
1007, and the bonds taken up at 105 per cent j
and accrued Interest to said date.
WEBB
&
CO.,
under the C.
INVESTMENT
SECURITIES.
i
by said Trust Mortgage
Chicago
W. H. NEWMAN,
J. D. LAYNG.
HERVEY BATES.
Sinking Fund Commissioners.
74
BROADWAY, NEW YORK
EX. NORTON & CO.,
52 Exchange Place, New York.
Ex-Norton, Mem. NY. Stock Ex. Geo. F. Nobton
INVESTMKST
SECURITIES
THE CHRONICLE
XYIII
[ VOL. LXXXIV,
fftturoctal
gtniclcuils.
104TH SEMI-ANNUAL CASH DIVIDEND
Illinois Central Railroad Company
Board of Directors has this day declared
a regular semi-annual cash dividend of three and
one-half per cent, In cash, payable March 1,
1907, to the holders of the Capital Stock of the
Illinois
Central
Railroad Company,
as regis¬
tered at the close of business, Thursday, January
31. 1907.
For the purpose of the above dividend the
stock transfer books will be closed at 3 p. m. on
Thursday, January 31, and remain closed until
the morning of Thursday, February 21, 1907.
A. G. HACKSTAFF, Secretary.
NEW YORK, January 16, 1907.
The
THE NEW YORK TRUST COMPANY,
26
BROAD
Coital, $3,000,000.
STREET
Surplus and Profits, $10,941,994
CENT, payable on and after February 11, 1907, to
such as shall be registered stockholders of the Com¬
pany at 3 o’clock P. M. on January 21, 1907.
OFFICERS
OTTO T. BANNARD, President.
WILLARD V. KING,
ALEX. S. WEBB JR.,
MORTIMER
N.
\
The stock transfer books will close at 3 o’clock
P. M. on January 21, 1907, and reopen at 10 A.M.
FREDERICK J. HORNE, Secretary.
jVIcc-Pres’ts.
HERBERT W.
BUCKNER, Treasurer.
on
MORSE, Asst. Secretary.
ARTHUR S. GIBBS,, 2d Asst. Secretary.
Charles W. Harkness,
Gordon Macdonald,
B. Ayrnar Sands,
S. Reading Bertron,
James N. Hill,
John J. Mitchell,
James A.
F. N. HolTstot,
James Parmelee,
Joseph J. Slocum,
John W. .Sterling,
Bannard.
Blair,
Robert W. deForest,
Arthur Curtiss James,
George W. Perkins,
James Stillman,
John B. Dennis,
Frederic B. Jennings,
Walter Jennings,
John S.
Ernst Thai maim,
E. Parmalee Prentice,
Myles Tierney,
Chauncey Keep,
Woodbury Langdon,
Norman B. Ream,
P.
Elbert H. Gary,
Joseph P. Grace,
Phipps,
Edmund D.
A.
February 13, 1907.
CHECKS will be mailed to stockholders who
have liled PERMANENT DIVIDEND ORDERS
at this office.
E. L. SMITHERS, Ass’t Treasurer.
New York, December 20, 1906.
TRUSTEES
Otto T.
LOUISVILLE
&
NASHVILLE
RR.
CO.
The Board of Directors of the Louisville &
Nashville Railroad Company this day declared a
semi-annual dividend of THREE
(3%) PER
Valentine.
Randolph,
THE
HELENA
LIGHT
&
RAILWAY
CO.,
43-49 Exchange Place,
New York City.
A dividend of 1H% on the preferred stock of
the Company for the quarter ending December
31st, 1906, and a dividend of 1 % on the common
stock of the Company, have been declared by the
Board of Directors.
Dividends arc payable January 31st to stock¬
holders of record January 23rd, 1907.
Transfer books of the Company will be closed
from 3:00 P. M., January 23rd, to 10:00 A. M.,
,
February 1st, 1907.
Statement of December 31,
RESOURCES.
LIABILITIES.
;
Cash In Bank and Office.
$-,,924,252 00
Capital Stock
Loans
28,895,381 GO
’Surplus and Undivided Profits
Deposits
on
Collaterals
Bills Purchased
2,593,491 58
Stocks and Bonds, Market Value.
_
13,083,703 03
Bonds and Mortgages
GEO. W. BUNNELL,
Treasurer.
1900
$3,000,000 00
10,941,994 52
40,427,993 02
...
Interest Payable
30,552 70
3,412,743 00
Interest Receivable
490,969 03
l
$54,400,540 24
$54,400,540 24
AMALGAMATED COPPER COMPANY.
42 Broadway, New York. January 17th, 1907.
At a meeting of the Directors of the Amalga¬
mated Copper Company a dividend of ONE AND
ONE-HALF PER CENT (14%) and an extra
dividend of ONE-HALF PER CENT (H%) was
declared payable February 25, 1907, to stock¬
holders of record at 3 o’clock p. m., Thursday,
January 24. 1907.
Transfer books close at 3
o’clock p. m.. Thursday, January 24. 1907, and
reopen at 10 o’clock a. m., Monday, February 11,
1907.
A. II
MELIN. Secretary & Treasurer.
.
*
Net earnings for 1906 were $1,520,602.
AMERICAN
LIGHT & TRACTION COMPANY.
N. Y. City.
Jan. 15, 1907.
The Board of Directors of this Company, at a
40 Wall Street.
GUNN, RICHARDS & CO.
meeting held to-day, declared the regular divi¬
dend of 1
% upon the Preferred stock and a
dividend of 1 l4 % upon the Common stock of the
Company, payable February 1, 1907, to stock¬
holders of record at the close of business January
19,1907.
The stock transfer books will close
at 12 o’clock noon
and will reopen.
at 10 o’clock A. M.
January 19th
February 1st
JAM ES LAWR ENC E.
PUBLIC
Secretary.
ACCOUNTANTS
MARYLAND TRUST COMPANY.
Baltimore, January 15. 1907.
a meeting of the Board of Directors of the
Maryland Trust Company held this day, a divi¬
dend of 6% was declared on the Preferred Stock
of the Company for the year 1906, payable Feb¬
ruary
1, 190.7, to the holders of Voting Trust
Certificates of record January 24. 1907.
At
43
EXCHANGE
PLACE, NEW YORK CITY
Transfer Books will close at office of the Safe
& Trust Co. of Baltimore. Agent, at
P. M. on January 24th, and re-open February
2nd. 1907.
Dividend checks will be mailed.
L. S. ZIMMERMAN.
Deposit
Also at CHICAGO—First National Bank
3
Building,
B(K*TON_50 Congress Street.
M0NTBEAL—Bank of Ottawa
Building.
Secretary.
,
THE
EAST
ST.
Office of
LOUIS
&
SUBURBAN
CO.
January 11th. 1907.
IJtectiutjs.
BROOKLYN
So Xcasc
orflec of
RAPID TRANSIT COMPANY,
TO
City of New York,
Borough of Brooklyn, *
January 7th, 1907.
The annual meeting of stockholders of the
Brooklyn Rapid Transit Company for the election
of four (4) directors to serve three years, and of
three (3) Inspectors of election to serve at the
next succeeding annual meeting, and for the purpose of transacting such other business as may be
duly brought before the meeting, will be held at
12 o’clock noon, on Friday, January 25th. 1907,
at the office of the Company, 85 Clinton Street,
Borough of Brooklyn. New York City.
The
oils will remain open for one hour.
The transfer
ooks will be closed at 3 p. m. on Friday. January
journment of said stockholders' meeting.
C.
D.
MENEELY. Secretary.
Thomas L. Manson & Go.,
STOCK BROKERS
Member* ef N. Y.
71
Bostoa Stock
Broadway,
-
the
I
i
j
BOND SALESMAN WANTED, who has dem¬
to
sell Electric Railroad
onstrated
liis
ability
bonds.
An
excellent
J tunity of
promotion,
position, offering oppor¬
with a well-known Bond
House.
Address E., care of Financial Chronicle,
P. O. Box 95$.
A New York Banking House wants a repre¬
sentative with good connections and clientele
cover
Springfield
and
vicinity.
NEW YORK
PRIMROSE &
Private Wires to Boston. Hartford, New Haven and
Philadelphia
York
Fire
City
Insurance
New Street
-
will
close
at
Office of tlu*
ROCHESTER
&
PITTSBURGH
RAILWAY COMPANY.
No. 36 Wail St re. '. New York*. Jan. 18-1007.
Dividends of three p<— cent on. the preferred r
and of three per cent on the common stock of
this Company have Wen declared, payable Feb¬
ruary 15th next to stockholders of record Febru¬
Cheeks will be mailed to stock¬
ary 5th next.
holders.
J. 11. IT.OCART Secretary.
BUFFALO
Thornton,
Trust
Stocks
NEW
.
YORK
Me Gram & Co.,
Kanga* City. TIo.
BRAUN,
Bank,
books
M.
Liberal
arrangements will be made with right party.
All answers strictly confidential.
Address,
X. Y. Z., P. O. Box 822, N. Y. City.
New
February 14. 1907.
Oqmmon stock transfer
P. M.
February 14th
and reopen February
21st at 10 A. M.
HENRY ROWLEY, Treasurer.
i
|
to all common stockholders of record at 3 P.
3
HSlautctl.
j
i
AMERICAN CHICLE COMPANY.
New York. Januarv 16. 1!]07.
The monthly dividend of ONE PER CENT
on the common stock of tills Company has this
day been declared, pavablo February 20th next,
on
1
Tel. 2100 Rector
on
extending through to Pine Street, with vault and
basement on Pine Street, now occupied by the
London Assurance Corporation, who are soon to
remove to William Street, corner Malden Lane.
!
Apply to WM. O. PLATT. 56 Wall St.. R. 401.
to
Exchange
LEASE
large and commodious offices
First Floor cf 66 Wall Street
!
11th. 1907. and will remain closed until 10 a. m.
on the day immediately succeeding the final ad-
The
The Board of Directors has tills day declared
the regular quarterly dividend of One and onequarter per cent upon the Preferred stock, pay¬
able February 1st
to stockholders of record at
the close of business .Tanuarv 15th. 1907.
C. A. PEARSON JR..
Treasurer.
ana
dealers
TN
[ K. C. Rv. & Lisrht Securities
\ Local Bank Stocks
[ Kans.& Mo Municipal Bonds
JAN. 19
THE CHRONICLE
1907.]
IfitmuciaL
$2,000,000
Philippine Government, City of Manila
Sewer and Waterworks Construction 4%
Dated January 2,
Due January 2, 1937
1907
Interest
payable quarterly, January, at U. S. Treasury.
FREE
TAX
Issued Under
Registered Gold Bonds
THROUGHOUT
THE
UNITED
STATES
Authority of Acts of the Congress of the United States of July 1, 1902, and February 6, 1905.
option of the Philippine Government at 100 and interest after ten years from date.
all the advantages of UNITED STATES GOVERNMENT BONDS for invest¬
ment by Estates, Corporations, etc., desiring absolute security, combined with exemption from taxation.
Having sold over half of this issue, we offer the unsold balance, subject to previous sale, at
I085& and Interest, to net 3% if redeemed in 1917 and over 3Y*% if held to maturity.
Redeemable at the
These bonds offer
Illinois Trust &
Wm. A. Read & Co.
Savings Bank
23 NASSAU ST.
NEW YORK
20S LA SALLE ST.
CHICAGO
239 LA SALLE STREET
CHICAGO
flfllices.
OFFICERS
Chicago, January 15, 1907.
OAKLEIGH
To the Stockholders of the
& North Western
Chicago
Railway Co.
JOHN
D.
adopted:
“Whereas, The Stockholders of this Company,
at the annual and special meeting held on the
18th day of October, 1900, adopted resolutions
Increasing the capital stock of this Company by
HILTON, Secretary
CARLETON
CRIMMINS, VICE PREST.
WILLIAM H.
PRESIDENT
FRANK L.
J0HNE.30RNE.ChairmanExec.Com.
At a meeting of the Board of Directors held on
he fifteenth day of January, 1907, the following
preamble and resolutions
THORNE,
W. J.
LEUPP, Vice Prest.
BUNCE, ASS'T SECRETARY
ECK, Ass t Secretary
HEMAN DOWD, Vice Prest.
JOHN G.
H.
BOSTON, Solicitor
FRANK W. BLACK,
were
of common stock sufficient to make
aggregate capital stock $200,000,000, and
authorizing the Board of Directors to issue such
common stock from
time to time and In such
amounts, within the total authorized capital
stock, as such Board of Directors might deter¬
mine, and for any purpose allowed by law:
“Resolved, That to obtain funds for the purpose
of constructing, Improving and equipping Its
railway, there be Issued an additional amount of
common stock equal to twenty-five
per cent of
the total
preferred and common shares now
outstanding;
“Resolved, That all stockholders of the Com¬
pany shall be entitled to subscribe to such addi¬
tional stock at the rate of $100 per share to the
extent of twenty-live per cent of their respective
holdings as shown upon the stock books at the
close of business on Saturday, the second day
of February, 1907,- and that the right to such
subscription shall terminate with Saturday,
the lfith day of March, 1907, on or before which
last-mentioned
day payments for all amounts
subscribed shall be made.
Certificates of stock
for the amounts so paid shall be Issued and dated
on March is, 1907, for all full
shares, which stock
shall he entitled to all dividends thereafter
paid,
and scrip certificates, which will pass by delivery,
B.
FONDA, Treasurer
Auditor
amount
an
the
£hc Sfust ©nrapatwj of ^mcvica
CAPITAL AND
Branch, 36 Wall Street
DIRECTORS
CHARLES T.
A.
D.
JOHN
FRANK
BARNEY
MEYER
E.
SETH
M.
H.
or
a
a
E.
LAWRENCE
CORD
BORNE
CHESEBROUGH
JOHN D. CR I MMINS
RICHARD DELAFIELD
A8HBEL P. FITCH
ANSON R. FLOWER
H. B. HOLLINS
JAS. S. KUHN
WM.
R.
BENNETT
MILLIKEN
MORGAN
J.
JOSEPH J.
LOWELL
STEPHEN
MARSDEN
O'BRIEN
WM.
J.
F.
GEO.
R.
HENRY
POTTER
RIKER
SHEEHAN
SH E LDON
F.
SHOEMAKER
O'DONOHUE, JR JAMES W. TA PPIN
PALMER
M.
HOSMER
CLIFFORD
JOHN
RANDAL MORGAN
nut which will not be entitled to
participate in
dividends, shall be Issued for fractions of shares.
Sucli certificates shall be exchangeable for stock
certificates for amounts aggregating
SURPLUS, $12,700,000
135 BROADWAY
B.
PARSONS
PEABODY
J.
PERRY
OAKLEIGH TH ORNE
ROBERT B.Van
W.
P.
K.
A.
CORTLANDT
VANDERBILT, JR.
B. WIDCNER
^lauted.
full share
multiple thereof, providing such exchange
be made on or before September 1. 1907.
After
that date no exchange shall be made, but frac¬
tions shall be redeemable at their
proportionate
value at the rate or $loo per share.
The Board
of Directors shall have
power to sell or dispose;
of sucli stock as may not be subscribed for
by
stockholders, or. if subscribed for by them, shall ;
not be paid for, hi c,ueh manner and at such
price,
but not less than Sioo per share, as may in their
j
Judgment be deemed best.”
■To carry the foregoing resolutions Into effect,
thertransfer books of the stocks of the Company
wlll-.be closed upon Saturday, February I’d, 1907. :
and will reopen on Monday, the 18th day of ;
March,
1907.
Warrants represen.tln-g the subscription rights
in the additional slock authorized by such reso- i
experienced Auditor, now
engaged, with a brilliant record, who knows all there is to know about account¬
ing; an honest, strong, cool, level-headed man, who can handle the accounting
of a number of railroad corporations and affiliated companies, and men working
WANTED.—To engage the services of an able,
under his instructions, and keep his work from day to day in such form and
condition that it will be simple and clear to a layman in accounting; a man
of initiative, push and vim, who will bend and mold his accounting to meet
the views of laymen in that line of work seeking only honest, simple and clear
methods;
a
well-balanced
man
without nerves; a man of the old school, loyal
such an extent that his coun¬
who is prepared to trade
lutlons. accompanied by a circular containing full i and true, and one who controls his feelings to
explanations will he ma'lcd by the Treasurer to ;
one
stockholders as soon as possible* after tlie closing j tenance is immovable no matter what happens;
of the transfer books upon February 2, 1907.
on the basis of a twenty-year engagement in return
By order of the Board of Directors.
fi. E. OSBOUX,
Secretary.
for every dollar his services
period of time.
can absolutely meet all of above requirements need
Address until March 1st, H. A. ENSIGN, 31 Nassau Street, New York.
worth during that
None but those who
are
MARAT X HUGH ITT,
Presklent.
apply.
DES
MOINES & MINNEAPOLIS RAILROAD
FIRST MORTGAGE BONDS.
MILWAUKEE
LAKE
&
SHORE
WESTERN
RAILWAY 20-YE AR DEBENTURES OF 1907;
TheTabove-named bonds, maturing Fcbriytry
1st, 1907, will be paid when due upon presentation at the office of the Treasurer of the Chicago
&
North
Western
Railway Company, 52
Street, New York City.
Interest .on the bonds will
that date.
._•
cease
on
Wall
j
j
j
i
and after
I
\
R. H.
THE
WILLIAMS, Treasurer.
EUROPE INLAUTOMOBILE BATTERY PARK NATIONAL BANK
A Tour for Business Men’s Families
Few vacancies lor desirable
people in small
private party.
Apply for particulars to
CAMILLE THURWANQER, N. E. Conservatory
BOSTON, MASS.
24 STATE ST.
(Opp. New Custom House.)
Shipping and Export Accounts Invited,
E A. De LIMA. President
OALVIN TOMKINS,V.-Pres. EDWIN B. DAT, QaiM*
GEO. S. 'TALBOT. Asst. Cashier.
XX
THE CHRONICLE.
[VOL. I.XXXIV.
ffttxauctai.
LAWYERS MORTGAGE COMPANY
ANNUAL REPORT-JANUARY 1st
To the Board
of Directors.
Gentlemen—Despite higher interest rates for call and time money during the past
year and a slow market for high-grade bonds, the sales of Guaranteed
Mortgages bv
the Lawyers’ Mortgage Company during 1900 have
Number of customers
Old customers lost
notably exceeded the figures o'f
any previous year, the total sales being £22,959,085, tlie net increase in Outstanding
Guaranteed Mortgages being £13,577,369, and the
present amount of Outstanding
Guaranteed Mortgages being §54,454,150.
35091
Mortgage Certificates,
$40,876,781
54,454,150 !
28,110,397;
following facts:
DISTRIBUTION BY CUSTOMERS.
Savings Banks
Trustees
Individuals
§3,797.500
5,884,950
6,867,750
1,438,800
3,575,(MM)
861,500
533,585
<,
.
Charitable Institutions
Insurance Companies, Fire, Life, etc
Trust Companies..
Mortgage Certificates, etc
§22,959,085
From these conservative classes or investors the
Company continues to gain new
customers, as is evidenced by the following figures:
The Mortgage Tax Law of 190,1, which levied a tax of
lA% per annum on all mort¬
and July 1st, lfioo, had the effect of raising
4% per annum. On all mortgages sold by'the Lawyers
Mortgage Company during this period a difference of 1% was made between the
interest rate borne by the mortgage and that received
by the investor, being y2% to
cover the annual tax and
(f'„ to cover the Guarantee fee of the Company.
When
the Mortgage Tax Law of 190.1 was
repealed, the Lawyers Mortgage Company, ad¬
hering to its announced purpose to limit its guaranty fee to 4%,
1 lie
increased
interest rate to investors on all mortgages filed between
July 1st. 190.1, and July 1st,
190(1, by 4 % per annum, this Company being the only Mortgage Company
in
New
York widen
gages recorded between
interest rates by about
July 1st. 190.1.
followed this course.
It is worthy of note that 66 per
cent of the Company’s mortgages are on Man¬
hattan Island (all below 15.1th Street, except as to §7(1.000); 29
per cent are in Brook¬
lyn. and 5 per cent in The Bronx, all loans being confined to established and builtup sections.
VALUATIONS OF LAND AND BUILDINGS.
Value of Land. Value of Bldgs
Total.
Mortg. Loans.
Manhattan
§33,086,150
§23,255,000
$56,341,150
§35,771,070
Brooklyn
7,156,185
18,611,400
25.767,585
15,572,095
Bronx
1,692,100
2,571,050
4,263,150
2,577,400
Mortg. Certificates, etc,
533,585
§41,934,435
The average amount loaned by the
appraisal.
$44,437,450
§86,371,885
Company is 62
per cent of the
§54,454,150
Company's
own
FIRE INSURANCE.
Mortgage Loans.
§35,771,070
Manhattan
Brooklyn
§29,429,250
15,572,095
2,577,400
533,585
Bronx
Mortgage Certificates,
Fire Insurance.
etc
16,868,250
2,620,400
$54,454,150
$48,917,900
The
Company has made Gross Earnings during the year 190(1 of §421,989 17 and
Net Earnings of §333,389 62, the comparative figures for recent
recent;years
7ears bein'.
being as follows:
EARNINGS.
1903.
1004.
190.1.
1900.
§74,350
174,011
9,202
$110,853
$166,325
202,382
§234,909
6,194
4.054
.§257,565
$301,047
§374,902
$421,989
§5,954
42,377
$6,343
$6,053
53.788
8,894
Premiums for Guarantees..
Interest on Mortgages
Rent, Commissions, etc
Gross Earnings
EXPENSES.
§5,912
Rent
Salaries
Advertising
38,221
3,988
2,081
35,591
1,394
39,436
§85,794
$93,267
$93,237
$88,599
§171.770
§207.7S0
$281,665
and Dividends tor recent years have been
$333,389
as follows:
Stationery
Taxes and General Expenses
Gross
Expenses
Earnings
The earnings
on
Capital Stock
Capital.
§1,000,000
1900.
183,025
46,670
5,462
3,238
31,522
....
Net
184,290
5,897
2,500,(MX)
2,500,(MM)
2,500,000
2,500,000
4,104
learnings.
6 per
7 per
8 per
11 per
13 per
cent
cent
cent
cent
cent
2,768
17,095
Dividend.
5 per cent
5 per cent
6 per cent
7 per cent
8 per cent
The large net increase in outstanding Guaranteed
Mortgages in the past year is
but little reflected in the earnings lor 1900, but will show in the
earnings for 1907
and succeeding years.
No commissions are earned when mortgages art* sold, the
Company’s half per cent annual profit coming only as time elapses.
For this reason
the earnings of
any year depend upon the total guaranteed mortgages outstanding
rather than upon the sales of the current year.
With outstanding Guaranteed Mort¬
gages of $54,454,150. it may be figured that the net
earnings of the Company for the
year 1907 should amount to about 104.
UN EARN ED
I’REM IUMS.
In addition to the cash earnings are the Unearned Premiums,
which consist of the
per cent per annum on outstanding mortgages
from the date of this statement to the
maturity of the mortgages.
These future
profits, whicli are not carried as assets, have increased as follows:
Company's contract profit of onc-half
1
5
565
1
§| 1,823,055
’
6.955,34.4
3,647,100
533,585
etc.
§22,959,085
DISTRIBUTION BY RATES.
O UTSTA N DING G UA it A NTE E D MORTG At 1ES.
There are 4,160 loans outstanding, the average loan in Manhattan
amounting to
§28.840: in Brooklyn to §.1.770 and in The Bronx to §11..107.
An analysis of the Guaranteed Mortgages sold
during the, year 1900 shows the I
1,365
1,360
New York Mortgages sold to net 4 per cent
New York Mortgages sold to net 4,1 •>
percent
New York Mortgages sold to net 5
per cent
Brooklyn Mortgages sojd to net 4 4» per cent
Brooklyn Mortgages sold to net .1 per cent
Bronx Mortgages sold to net 4 per cent
Bronx Mortgages sold to net 4’> per cent
Mortgage Certificates, etc
T
__
$ 12,004,248 i January 1st, 1900
17,677,748 January 1st, 1907
INCREASE OF CUSTOMERS.
January 1st, 1900...
New customers gained
Total customers January 1st, 1907.
Mortgages sold to old customers
Mortgages sold to new customers.
Mortgages renewed by old customers
The comparative figures for recent years are as follows:
Mortgages
Mortgages Net Gain in Out¬
sold.
Paid off.
stand g Guar.Mtgs j
1002
§4,105,575
§2,065,083
§2,040,492
1903
9,014,014
3,350,514
5,663,500
1901
16,269,278
5,826,629
10,442,649 I
190.1
19,922,009
7,155,625
12,766,384 1
1900
22,959,085
9,381,716
13,577,369:
January 1st, 1903
January 1st, 1904
January 1st, 190.1
1907.
§2,434,500
i 1,507,200
209,100
:
6,531,450
585,550
42,000
1,124,700
533,585
§22,959,085
DISTRIBUTION BY AMOUNTS.
New York.
Mortgages sold under 52..100
Mortgages sold from $2„l6()-$o.OOO
Mortgages sold from §5.000-$ 10,000.
§66*4,100
Mortgages sold from $10,000-82.1.000
3,973,700
Mortgages sold from S25,000-$50.()00.
6,206,500
Mortgages sold frmn §10.900-$ 100.000
2,572,500
Mortgages sold from §lo0,0U()-§21.1,000.
725,000
Mortgage Certificates, etc..
533,585
Brooklyn.
§257,150
2,710,500
1,634,850
2,366,500
148,000
Bronx.
89.500
104,700
37.500
141,000
874,000
§14,675,385
§7,117,000
§1,166,700
The following map shows the distribution of the total
outstanding Guaranteed
Mortgages of the Company on January 1st, 1907:
Unearned
Unearned
Unearned
Unearned
Unearned
Premiums, Jan. 1st, 1903
Premiums, Jan.
Premiums, Jan.
Premiums, Jan.
Premiums,.Jan.
Assets
New York
1st,
1st,
1st,
1st,
Cash
^
591,508
ASS ETS A ND LIABILITIES.
1Liabilities—
City Mortgages.54,532,687
Company's Brooklyn Building, cost
$103,555
149,257
279,948
449,200
1904
190.1
190(1
1907
98[Capital
(Surplus
85,000 00: Undivided profits
209,417 11
j Mortgages sold, not deliv’ed
S4.827.I05
09;
$2.500.(MM) 00
1,750,000 00
28,180 75
548,924 34
”
$4,827.105 09
Since the increase in the Company’s capital in March, 1903, dividends have
been
paid to stockholders amounting to $650,000, in addition to which §345,180 has been
add (Hi to Surplus or Undivided Profits, making total net earnings of §995,180.
In
addition to these earnings, ttie net increase in Unearned Premiums from
January 1st,
1903, to January 1st, 1907;' amounts to §487,953.
The Assets and Liabilities of the Company were verified and its accounts
were
examined as of December 31st, 1906,
by THU’ AUDIT COMPANY OF NEW YORK,
the latter certifying to the correctness of the statement of Assets and
Liabilities
and to the Earnings.
Expenses and Dividends of the year 1906, as reported herein
The Company continues to rigidly adhere to the limitations which it has
imposed
to safeguard its business."
The.se restrictions, enforced only bv the Lawyers Mortgage Co., are as follows:
First:
THE TOTAL OUTSTANDING GUARANTEED MORTGAGES
ARE
LIMITED TO TWENTY TIMES THE CAPITAL AND SURPLUS OF THE
COM¬
To render this limitation practically
PANY.
irrevocable, the following amendment
to By-Law V!FL. providing as above, lias been passed:
“This Article shall not he
amended or repealed except with the written consent,
duly acknowledged, of the
holders of all the policies of mortgage insurance then outstanding
issued by the Com¬
pany.”
(This is the accepted European standard, wnose safety has been demon¬
strated bv 140 years of successful mortgage experience.)
Second:
THE PROFITS OF THE COMPANY ON GUARANTEED
MORT¬
GAGES ARE LIMITED TO ONE-HALF PER CENT PER ANNUM. '
(A similar
limitation is required by law of European Mortgage
Companies and removes the
temptation to accept doubtful loans for the sake of larger profits.)
Third: THE LOANS OF THE COMPANY ARE LIMITED TO THE BOR¬
OUGHS OF MANHATTAN. BROOKLYN AND THE BRONX.
(So loans made
in adjoining suimrban territory.)
THE LOAN'S OF THE COMPANY ARE LIMITED TO SELECTED
Fourth:
AND WELL BUILT UP DISTRICTS IN THESE BOROUGHS.
(No loans made
in undoyeloned districts, or near nuisances.)
Fifth:
THE LOANS OF THE COMPANY ARE LIMITED TO INCOMEPRODUCING BUSINESS OR RESIDENCE PROPERTY.
(No loans made on
vacant land, churches, factories, theatres, or on
any special utilization.)*
The effectiveness of these limitations in safeguarding the
Company's investments
is clearly evidenced by the
remarkably clean record .maintained by t he Company as
to delinquent interest and foreclosures.
During the year there have been but two
foreclosures, one a mortgage, of $4,500 and one a row of live mortgages of §3.350
each, all paid off at foreclosure sale.
The Company has now but one mortgage
under foreclosure (amount $4.7.10). owns no foreclosed real
estate, and has interest
more than one month delinquent of
only $1.08.1.
More and more are all investors—large and small, skilled and
unskilled—coming
to realize the double advantage of being both
protected from all possibility of loss
and relieved of all care of watching their investments.
This is clearly shown by the
fact that the Lawyers. Mortgage
Company has sold more Guaranteed Mortgages than
in any previous year of its history in
the face of such rates for call money in New
York as fi(>' v in January, 304 in April,
404 in September, 274 in November,
454 in December, etc.
Without doubt a contributing factor of importance has been the
Mortgage Tax
Law of 1900), under which all mortgages recorded after July 1st. 1900,
pay a record¬
ing tax of '.j 4, and arc henceforth tax exempt.
This has It'd to the shifting of many
millions of dollars of Trust Funds from low-return bonds into Guaranteed
Mortgages
netting 44 and 4 4 4It may fairly be sakl that New York
City Mortgages, selected by an experienced
company, specifically secured by income-producing business
or
residence property,
with an
ample margin of security on present values, and with the added strength
of New York’s increase of over 100,000
population per annum, and further guaran¬
teed by a Company of §4.250,000 of Capital and
Surplus, give the greatest combi¬
nation of security and return ottered to investors.
RICHARD M. HERD. President.
“THE SCIENCE OF CITY MORTGAGE LENDING,”
giving specific principles
which the Company’s mortgage lending is based, sent on
request. ->
*
on
financial
IV
flmmertiH
rarticb
INCLUDING
Bank and Quotation Section
(Monthly)
Railway and Industrial Section (q uarterly)
State and City Section
(semi-Annuaii?)
Street Railway Section
(ThY^Sf“)
Xnterftd aeoording to Aot of Congress, in the
year 1907, by William B. Dana Company In the
A weekly aewapaper entered at
offlee of Librarian o'
Po«t Office, New York, as seoond-class
matter—William B.
Dana
VOL 84.
SATURDAY, JANUARY
^Ixz Chronicle.
19,
Terras of
For One Year
For Six Months
in Advance
id
Hartford
.
Springfield
7 50
£2 Lis.
£l Us.
I Statu and
City(semi-annually)
(quarterly) | Street Railway (3 times yearly)
Portland
Worcester
..
Fall River
New Bedford
Lowell
Holvoke
..
Total New Eng.
Chicago
Inch Space
...
Cincinnati
Transient matter per inch space (14 agate
lines)
$4 20
/ Two Months
(s times)
22 00
Standing Business Cavils ) Three Months (13 times)
20 00
Six Months
(20 times)
50 00
'. Twelve Months (52
times)
87 00
CHICAGO OFFICE—r *Jartlett,513 Monaduock
Block; Tel. Harrison 4012.
LONDON OFFICE—Euwarns <fc
Smith, 1 Drapers’ Gardens, E. C.
WILL: AUI IS. Dj»NA COMPANY.
,
Publishers,
Cleveland
Detroit
Milwaukee
11,929.3501
Indianapolis
9.827.522
0.179,100
4,184,990
3.090.508
2.717.811
2.573,500
2.151,425
Columbus
Toledo
Peoria
Grand
Rapids
Dayton
Evansville
Kalamazoo
Fort
NEW YORK.
1.106,800
Wayne
..
Akron
South Bend
CLEARING HOUSE RETURNS.
The following table, made
up by telegraph, &e., indicates
that the total bank
clearings of all the clearing houses of
the United States for the week
ending to-day have been
$3,588,.794,551, against $3,454,758,279 last week and
,
1907
Jacksonville, Ill.
Jackson
Ann Arbor.
Seattle
Salt Lake
Per
Cent.
1900.
$1,828.021.307
$2,223,839,431
199,050.201
124.457.709
25,103,700
201.210.340
59.110,007
22.040.714
105.780,190
135.429.309
27,790.302
187.378.599
57.021.055
21.427.985
Seven cities, 5 days
Other cities, 5 days
S2.500,500.704
432.01.8.971
S2,819.273,231
370.018.947
—9.2
+ 14.9
Total all cities. 5
All cities, 1 day
82,992.519.735
590,274.816
S3.195.292.178
—0.3
+ 7.1
Philadelphia
Baltimore
.Chicago
St. Louis
Canton
Mansfield
Decatur
..
New Orleans
days..
Total all cities for week.
83.588.794,551
17.8
+ 20.4
—8.1
—9.7
+ 7.4
+ 3.1
+ 2.9
—
550.087.554
I
$3,751,979,732
—4.4
Spokane
Tacoma
Helena
clearings being made
to-day,
by the clearing houses at noon on
Saturday, and hence in the above the last day of the week
has to be in all cast's estimated, as we
go to press Friday night.
We present below our usual detailed
figures for the previous
week, covering the returns for the period ending with Satur¬
day noon. .January 12, and the results for the corresponding
week
up
in 1900, 1905 and 1904 are also
given.
Contrasted with
the week of 1900 the total for the whole
country shows
a loss of
S.3*/o- Outside of New York the increase over
1900 is ?>.{)%.
Inc.
Sioux Falls
Oakland
San Jose.
Total Pacific.
Kansas City
New York..
Philadelphia
Pittsburgh..
Baltimore
Buffalo
Washington
..
Albany
.
Wilmington.
Reading
Wilkes-Barre
Wheeling
...
Binghamton
..
Erie
Greensburg
Franklin
Total
1906.
*
S
Omaha
St. Paul
Denver
St. Joseph
DesMoines
Sioux City
j
!
'
i
Davenport.
._
Middle..*2
030.000
083.971
554.901
314.907
~6.3j
—
'
490,166,220 2,872,319.085
•
0.7;
+ i.oi
+ 13.1!
+ 4.01
+ 35.91
.—9.0
+ 17.7
+ 10.8
+ 5.3'
+ 21.9!
+28.4
+ S.5V
—20.31
+ 0.9!
+ 13.51
+ 22.0
3.0
1904.
*
S
—
128.951.014
44.228.371
25.573.409
7.103,933
4,903.410
4,357.102
3.504,409
1,800,790
1.535.912
1.370.128
1,133.033
1,095.041
740.05!
500,003
587,000
518,439
394,583
270.447
1,311.240.347
119,797.192
37.891.842
25.281.333
0.405.100
4,558,225
3.895.175
3.410.730
1.034.105
1,482.042
1,291.553
937.139
983.000
680,026
401,471
525.900
405.537
443.107
243.377
—13. L2.005,296.229' 1,521.034,857
1
..
I
Topeka
Colorado Springs!
Cedar Rapids..
Pueblo
Fremont
Lincoln
Tot. oth.West
St, Louis
New Orleans...
Louisville
Houston
Galveston
Richmond
Memphis
+ 9.6
174.10S.197!
189.516.293!
20,200.450,
—
—12.o|
3.542.805
2.546.903
2,174.259
1,034,109
1,103,184!
+ 0.71
+ 18.4!
+ 31.0
+ 0.3
993,777; —5.5
893.527
+ 9.0
701,282 + 12.9
705.802
+ 14.2
003.100 + 10.7
590.390
—0.0
552,082
+ 14.9
551,212
18.7
482,038
+ 8.9
450,054
+ 17.9
430,870
+ 21.4
410,280
11.0
374.500
+ 0.1
328,410 —14.4
r. t;
321,190
139.010
4.3
—
—
345.307,197,
-
-t-0.7
41,708.034
+5.1
33,158.271
19.530.808
10.409,8381
8,815.108!
9.748,800'
5,800.000
3.171.080
2,209.838
1.272.972:
1,117,501
1.077.411
704.519
G58.9701
+10.3
+0.8
+34.9
+34 9!
__
..
■-
.•
Outside N.Y__
Canada—
Montreal
Toronto
Winnipeg
Halifax
Ottawa
Quebec
\
aneouver.
Hamilton.
St. John
London
Victoria
Edmonton
Total Canada.
20,131,249
-20,538.827
8.835.930
7.311,980
7.448.030
5.200.813
2.945,222
+20.9
j
—4.8
+18.5j
+20.6;
+30.9!
+10.2
+7.7
+ 13.3
+0.2
+18.0)
—10.0;
98,800.951 j
85,853.909
08,100.965
05.585.144
24,254.453
14.020,308
10.931.444
0.006.500
7.105.047
0.010.70S
—2.9;
5,316.454 + 20.3
4.053.802
+ 13.9
4.344.023 +19.7,
3.041.284
+ 57.2|
2,522,048 + 15.4!
2.252.081
—i or
2,044,904 + 18.6'
1.092.455
+ 0.8!
1.558,058
+ 7.8'
1.503.010 + 17.L
1.459.244
+ 25.9'
1.305,111
+ 08.S;
1.248.275
+ 40.5i
058.084
+ 22.9
444.138
—7.71
25.001.020!
14.938.109
14.203,9501
8.783.000!
2.216.150
2.424.010
1.807.375
1,079.751
1.7011.504
1.838.330
1,829.107
810,000
410.00+
187.280.u00i 108.019.095
,454.758.279 3.700,000.84;
,230,803.071 1,172,329,043
+ 15.1;
+ 3.9!
+ 5.01
+ 0.5
+ 30.5
+ 40.2!
+ 0.0!
79,539,329
15.357,994
11.847.025
9,135.7141
0.731.809
4.983.000
3.933,938
2.978,034
2.038.817
1.977.073
1,591,917
1,015,290
849.057
087.3901
010,294
025.000
482,505
380,008
344.048
490.343
521.005
170,720
287.279
202.555
271.802
142.750
283.770,702j
8,049.505!
4.967.820
4.524.107
4.078.304
2.781.228
3.043,337
708.035
795.91L
218,5971
62,555 .500
22.013 ,103
16.912 ,394
8,820 .812
5.380 .279
8,314 .000
1904.
S
138.914.091
9.010,000
2.007,043
2,052.241
1,412.337
1,014.403
1,177.324
1.230,742
771,213
499.540
527.145
159.888.085
180.110.007
20,000.000
14.453,381
10.580,107
8,779,809
0.420.341
3,920,000
3,332.039
3.027,038
2.303.158
2,228,488
1,484,437
838,240
751.338
027.010
478.548
745.000
488,354
400.178
348,822
409,310
085.998
218,707
200,510
202,001
215.400
140,799
209,534,424
32,140,815
7.727,595
4.472,029
3.632.253
3.508.591
2.230,843
2,244,900
917.027
011.420
297.007
57.783,746
23.480.970
15.203.822
7.900,178
0,303,167
4.412,834
4.893,578
2,200,341
1.107.877
1.229.705
889.252
1,190.528
639,409
470,000
200,825
75.841,012
70.608.101
01.424,155
23.499,595
12.028,512
7.804,150
0,785.500
5,723.409
0.035,151
3.709.809
3.314.481
3.858,541
2.242.100
1,893.470
1.054,108
1,408.577
1,349,309
55,408.227
28,010.012
11.779,270
9,875,382
5,081.000
5,550.182
0.442,008
3.810,772
3,057,033
3,732.138
1.883,272
1,715,595
1.849.173
1.028.009
1.533,506
865,996
785.108
1.154.918
929.970
1.039.170
512.294
211.901
1,470,511
1,140,000
149.010,271
148,350,808
—8.32 .750,047.917 2.227,800.021
+ 5.0
974.119.235
910,559.074
23,524.040
20.937.232
7.006.845
1,880.929
—
9 2,30+ 329:
035.405
545.043
547.359
1,439,717
1.423.100
+ 11.1:
32,379 028
30.348,042
+ 0.7
29.570 ,344
25.909.79v
+ 14.1
12,295 .123
9.589.070
+28.2
2.350 000
2.458.000
4.4
3.240 ,230
2.330.200
+ 38.7
2.027 ,529
1.970.020
+ 2.9
3.757 ,418!
2,017,880 + 86.2
1.009 309;
1,394.807
+ 19.7
1,555 208
1.367,402
+ 13.8
1.442 922i
1,079.647 + 33.0
1,013 0921
1,007.731
—5.1
1.400, 000!Not Included in total
700 000; Not Included
038.512!
4.830 .400
1,928.318, +17.7
1.123.380
1,052,090
913.203
838.522
623,358
1.013,772!
1.490,804!
2.521 .905
1,774 .107
1,228 .044
840 .807
1.111 .282
001 .601
450 ,082
399 .410
185 .399
+5.7!
511.909
600.000;
+5.9
405,709!
279,938 +44.9
1.210.390 Not Included in total,
2.204.710
Total Southern
82.698,3071 + 11.0
2.490.538
1.030.335;
33,388.002!
10.000,039, +10.0
4.080,888
2.931.1251
_
Columbus, Ga.
Calgary
3.487.838;
—3.9
+ 15.0
+ 18.6!
+ 7.3
+ 13.81
+ 22.0
+ 0.8—12.4
4.774,785
s
152.801.191!
8.220.000!
+ 20.3
+ 10.8
LI
—8.0
+ 0.7
+ 13.8
+ 17.9
13.0
+ 35.4
211,809.102.
5,503,9091
7.207.834!
Mobile
Litte Rock
Macon
Total all.
1.023.004
1.030.9 17;
753,408
003.030
400.307:
239.703 905
27,804,700
15.722,903
12.856.009
10,480.259
8.054,788
0.127,000
10.2
+ 1.5
2.204.20s!
2,172,527:
6.000 000
0.417,781i
0.712.270
5.300.000
5.201.079
4.781.058
Atlanta
Nashville
Savannah
Fort Worth
Norfolk
Augusta
Chattanooga
1905.
—14.3-1. 770.528.682
5.04.>.54 8
4.173.040
1 .999.175
1.875,408
1.350.294
1.231.020
•1,079.409
951,130
714.215
024.100
002.573
455.018
315.773
j
Dec.
.223-955.208 2,594,337.802
140.910 994
150.S70.S04
54,515.880
54.910.004
31.171 .346
30,851.900
8.859.319
7,835.927
0.779.430
0.483.939
7,074.127
3.799.501
2.353.239
2.077.474
1 .422.500
1.500 000
1.380.388
1,031.050
539.121
Rochester
Scranton
Syracuse
Chester
1907.
8,875.300
3.997.318
2,070.309
7,914.081
7.700.170
4.891.329
92,329,0741
.
Minneapolis
Jacksonville
Knoxville
or
187.418.084! +
3,703.527 +29.7)
870,001
+ 11.0;
048,809!
095,298
—6.7,
511.791!
413,080 +23.7!
3,883.929 Not included in totalj
300.000 Not included in total!
Fargo
!
j
1905.
cro
905.955
Charleston
UYrifc ending January 12.
at
43,901,199
12.425,100
9,204,398
7.704.010
4,804.377
Birmingham
Clearings
347.88S.5b2
8
•
145 0031
Wichita...
The full details for the week covered
bj’ the above will be
given next Saturday. We cannot furnish them
938.007
979,084
859.452
805,092
773.884
590,327
034,494
448,730
525.045
538.811
530.544
305.002
397,280
280,978
300.000
City
Portland
New York
Boston
...
I
Clearings—IS turns by Telegraph.
\V(ck ending January 11).
Rockford
Bloomington
Quincy
Springfield, O
Tot, Mid.West.
San Francisco
Los Angeles
year.
232,292.840
230.301.722
32.200.150
18,043.870!
13,795,443!
Springfield, Ill
Lexington
Youngstown
Street,
$3,751,979,732 the corresponding week last
9.011.100
4.824.158
2.957,400
2.114.202
1,985.109
1,033.952
1,172.454
888.727
577.783
623.215
__
New Haven
oo
Bank and Quotation
(monthly)
Railway and Industrial
Pine Street, Corner of Pearl
Post Office Rox 058.
"
200.504.500,
Providence
0 00
European Subscript ion (including postage)
*
European Subscription six months (including postage^
Annual Subscription in London
(inclMlni.tr p stage)
Six Months Subscription in London
(including postage)
Subscription includes following Supplements—
1
January 12.
Inc. or
!
Dec.
1900.
$
Pine 8t„ N. Y.
NO. 2169.
Week tneii'ig
Boston
,fl() 00
Advertising—Per
1907.
1907-
Subscription—Payable
Terms of
Company, Publishers,
Clearings at-
PUBLISHED WEEKLY.
Congre»8,Washington, D.O
1.905.348
-
1.398.075
1,473.284
1.220,712
1.178.205
1.039,352
998.9K41
19.800.607
16.227.837
5.219.190
1,722,737
2,414,1(15
1.378.596
1,202.892
1,090.736
877,351
820,827
710,390
in total
+ 16.0
62,684,606
51,471.334
THE CHRONICLE.
124
CHICAGO STOCK EXCHANGE RECORD OF PRICES
FOR 1906.
138 to-day will be found a record of the
range of prices on the Chicago Stock Exchange for
each month of the calendar year 1906.
THE FINANCIAL SITUATION.
Decidedly easier money has not brought the relief
expected. It has not brought with it
a wholesome flow of capital into railroad securities.
Indeed, at the moment greater caution is being ob¬
served against a resumption of that course in affairs
than prevailed the past year.
Such a country as
the United States, immense in size, abounding in un¬
developed resources, population not only large but
increasing its millions with marvelous rapidity, can
keep abreast of any progressive movement only by a
constant development of its resources and a concurrent
advance in the facilities for marketing the developed
looked for and
Old-time statesmen started out with correct
methods.
As
growth began and a community pro¬
products than it could consume in
immediate
its own
surroundings, the corduroy road
gave way to the improved road to enable the ox-team
or perhaps the mules or horses to make a wider cir¬
cuit for the distribution of the neighborhood products;
later the water-ways were enlarged; thereafter the canals
were built on the credit of the States, and, finally,
when that system wras becoming effete, the railroads
appeared and were pushed along into the interior as
rapidly as capital could be procured or coaxed into the
business of extending rails.
These two fundamental conditions must go hand in
hand if a basis for a healthful progress is to be had in
this resourceful country. In spite of our foolish poli¬
cies we may still produce enormous crops, but we
cannot, without antagonizing the distribution of our
surpluses in excess of home wants, repel the capital
seeking to keep up its freest flow into the work of facili¬
tating the distribution. These two agencies are indivi¬
sible for best progress.
But it so happened that the
farming class, in its increased strength, instigated by
astute politicians seeking to make this situation a power
to carry forward their ambitions and purposes, took it
upon themselves to instill into the agricultural classes
the idea that they had the roads within their bailiwick
duced
more
of its
and could force them to do their will.
As it is in
taking idea to get something for nothing,
interdependence was disregarded and the war
against capital got into full swing; both of the old
parties became wedded to the unsound doctrine and
it has for the time prevailed.
But an insidious out¬
come was at work in its silent way.
For years now
very little track has been laid.
Although in those
years productive conditions called for addition to rail¬
road mileage louder than ever before and were hardly
if ever so much wanted, all the rails that were laid in
1906 in the whole United States was the, paltry amount
of less than 6,000 miles.
Why was it that this almost
complete stagnation in railroad construction was a
circumstance at a period when the surpluses of pro¬
duction were so enormous and the need for enlarged
railroad facilities so imperative? Mr. James J. Hill,
President of the Great Northern Railroad, one of the
most enterprising and experienced of men in railroad
general
the old
a
affairs, in his clear and forcible
are
way,
lxxxiy.
tells
us.
These
his words:
“It is not
On page
wealth.
[Vol.
by accident that railroad building has de¬
clined to its lowest within a generation, at the very
time when all other forms of activity have been growing
most rapidly.
The investor declines to put his money
into enterprises under ban of unpopularity, and which
are even threatened by individuals and political parties
with confiscation or transfer to the State.
This feeling
must be removed and greater confidence be mutually
established if any considerable portion of the vast
sum necessary is to be available for the w'ork.”
The conclusion the foregoing quotation brings out
so clearly has been criticized.
The critic says “the
facts upset it.”
No facts can upset the truth; nor
does any fact stated by the critic weaken the above in
the least.
No assertion is made by Mr. Hill other than
that railway building declined in 1906 to its lowest
within a generation; a fact which cannot be upset or
weakened. Besides, it is a fact of most serious import,
well worth the consideration of every individual who
wishes the best for his country.
No such distrust in
railroad securities and in property has been apparent
since the silver agitation, which put in jeopardy the
basis of all values. The threats of late years being
made against that class of property are now no less
antagonistic to the free use of capital in railroad
expansion and no less destructive of the value of
railroad securities than the silver crusade
The critic above referred to introduces
which
we
cussion.
was.
a
presume he thinks carries weight
He asserts that during the past
statement
in this dis¬
five years
the railroads have raised “more than $2,500,000,000
fresh capital on their stocks and bonds,” and calling
a fact, it is to him so luminous that he can dis¬
cover no signs that investors are “declining to put their
No part of the above
money into such enterprises.”
that
contravenes in the least what Mr. Hill says,
which was,
repeat, that “railroad building has declined in 1906
to its lowest within a generation.”
Even if the asser¬
tion as given was authorized, how could it weaken the
force of the fact that the fresh capital spent in track
laying in 1906 was less than 6,000 miles, which, say
at^$20,000 a mile, would only call for $120,000,000.
Of course the critic's figures are not what they assume
to be.
The intention apparently was to raise an in¬
ference that an average of one-fifth of the formidable
sum mentioned (and not 20 million dollars) had been
raised the current year for railroad building.
Stating
the case in that open way negatives it.
But as the
critic's big total may from its very size deceive some
readers, suppose we whittle it down a trifle. First,
there should certainly be deducted from it a If “in¬
dustrials”; again, every issue of bond and stock should
be deducted which has not been negotiated in 1906
but has been held in reserve for meeting future com¬
pany needs or deficiencies; again any issues of securities
made on the occasion of a lease or a' purchase by an¬
other company on a reorganization when sometimes
2 or 2times have been added to capital for future
improvements to bring the properties up to a certain
level or equivalent for the exchange being made.
Be¬
sides, it includes all the money that goes into real
estate, into tunnels ^depots, subways,&c. ,&c. We make
these suggestions not because the aggregate ever could
have any relevancy in this discussion even at its
minimum, but only to show that it is not accurate,
we
,
Jan. 19 1907. J
and
therefore has
relation it may
THE CHRONICLE.
no
statistical value in
whatever
be put.
The decline in the open
market rate of discount at
Wednesday to 4%% foreshadowed the
reduction in the official rate by the Bank of England
which occurred on the following day, when
5% was
recorded.
Cable advices reported unofficial rates of
discount at Berlin 5% and prospects that the Reichsbank’s rate would soon fall to 6%.
The exchanges at
New York, at Paris and at Berlin on London were
favorable to the British capital.
Moreover, the Bank
had no active competitor for the South African
gold
which was offered in the bullion market; hence, not¬
withstanding the requirements for gold for Brazil, on
account of the coffee valorization fund, were,
according
to late mail advices, only partially
satisfied, and those
for Argentina were likely to be large, while not
urgent,
the Bank’s governors decided, at their
weekly court,
that there was no longer need for the maintenance
of the 6% rate of discount.
Moreover, if not needful,
its further maintenance made it clearly unwise to
longer burden private banking interests in Great
Britain with the higher rate.'
At the moment, with open market discounts in
London at 4%%, and money here
tending toward
greater ease, there is some encouragement for invest¬
ment operations in exchange, though
profits will
chiefly result from holding the bills until they mature.
It seems likely that the lower discount rate in London
and the increased offerings of capital at Paris will
promote borrowing by our bankers, through the vari¬
ous forms of finance
bills, and also provide a market
for the collateral notes which are now being
extensively
drawn by railroad corporations because of their
inability to negotiate loans for longer fixed periods
through bonds. In this way the easier discount situa¬
tion abroad will be beneficial in relieving American
banking and railroad interests from the somewhat
London
on
tense time-loan situation which has
The
latest
prevailed.
Chicago A North Western Railway Co. is the
one of the
leading railroad systems in the North
West to
considerable addition to its
capital. The roads in that part of the country are
certainly doing their share towards raising money to
provide for new lines and additional facilities and take
care of present and future
growth of traffic for a con¬
announce
siderable time to
very
come.
All these roads
are
fortunately
situated in that their shares command a large premium
in the market.
By offering the new stock at par and
thus giving- subscribers the benefit of the
premium,
very strong inducement is held out to take the new
stock. • Where a company is not so situated as to be
able to avail of this device, and is therefore
a
obliged to
capital on interest-bearing obligations, it is
in an unenviable plight just now, since it is almost
impossible to float new bonds:—a state of things which
has existed for over a year, past.
Chicago A North
raise
new
Western shares sell at 187 for the common and at 230
for the preferred, and both classes of shareholders
given the right to subscribe for $24,403,000 of new
stock (25% of their present holdings) at par.
The rights are selling at over $17 a share, from which
are
common
it
can
be
seen
what
stock and what
a
device affords.
a
an
inducement there is to take the
leverage for raising new capital such
The proceeds of the new stock issue
125
to be used
by the company ‘Tor the purpose of con¬
structing, improving and equipping its railway”,
and it is understood that a large
portion of the amount
will go to pay for the cost of new terminals at
Chicago.
are
It is to be noted that the terms of the offer call for the
payment of the whole amount within
short time
1907—showing that the money
is to be immediately employed.
This is different from
the plan pursued in the case of the North West’s
neighbors, where payments are extended over a period
of a year or two.
It will be recalled that the Great
Northern Railway in offering last month $60,000,000
of new stock provided that
payment might be ex¬
tended over sixteen months, beginning with
January
1907 and terminating April 1908.
Similarly the North¬
ern Pacific
Ry. offered
new stock, pay¬
—on .or
a
very
before March 1G
$93,000,^00 of
ments also to be made in
installments,
the last not
falling due until January 1909\ In the case of the
Chicago Milwaukee A St. Paul Ry., the final payment
the $100,000,000 of new stock which this
company
will issue for the purpose of
building its Pacific Coast
on
extension, Ac., will not be due until March
It will be observed that these four
1909.
companies, through
the issues proposed, have arranged for an addition of
about 278 million dollars to their
outstanding share
capital—and the method is the same in each case, viz.,
offer at par of stock which commands a premium.
an
In
issue of
January 5 we referred to two decisions
holding unconstitutional what
is known as the “Employers’ Liability Act”
passed by
Congress last year and which became a law June 11
our
in the Federal Courts
1906.
Since then
we
have received the full text of
Judge McCall’s opinion at Memphis in the Circuit
Court of the United States for the Western District of
Tennessee, and this reveals the course of reasoning
by which the unconstitutionality of the statute is
reached, and also brings out clearly the distinction
between this statute and other statutes
apparently
analogous and which are, considered valid. For in¬
stance, it was urged in the arguments that the law
should be sustained on the same grounds as the
Safety
Appliance Act of Congress. But Judge McCall points
out that there is
enactments.
a
In the
vast difference between the two
Safety Appliance Act Congress
lays down specific rules and regulations with which
common carriers are
required to comply? For a failure
to observe such rules or perform such duties a
penalty
is prescribed which may be recovered
by the United
States Government, and in addition it is provided that
any employee of such common carrier who may be in¬
jured by any locomotive, car or train, contrary to the
provisions of the Act, shall not be deemed to have
assumed the risk thereby occasioned, although con¬
tinuing in the employ of such carrier after the unlawful
use of such locomotive, car or train had been
brought
to his knowledge.
Thus a carrier is made liable to the
employee, not simply because he is injured, but rather
because the road violates and sets at naught the rules
for the government of its business prescribed
by Con¬
gress, and because, as a result of such violation, the
employee was injured. This liability in its nature
and essence is a penalty.
The power of Congress to
prescribe a penalty for the infraction of a rule or regu¬
lation, which it is empowered to enact by the express
terms of the Constitution, Judge McCall thinks is not
open to question.
V2G
THE CHRONICLE.
On the other
hand, in the Act of June 11 1906,
Congress does not undertake to prescribe a rule or
regulation for the conduct or government of the busi¬
ness of a common carrier, for the infraction of which a
penalty or liability is imposed, but the Act only de¬
clares that the carrier shall be liable for all damages
to its employees
the result of the negligence of its
officers, agents, employees, Ac.
In other words, the
Act abolishes the
common
law rule
to fellow
servants,
applied in the United States Courts.
Judge McCall says there is no express grant of power
to Congress over the subject of the liability of
common
carriers, or other employers, to their employees for
torts, nor, in his opinion, is there any grant from which
as
as
heretofore
| VOL.
LXXXIV.
reduction; the Bank has evidently been unable,
recently at least, to control the open market rate, and,
as reported
this week, the institution has increased its
cash holdings since the last return by the
important
sum
of £4,124,000.
Unofficial rates of discount
at
the chief
European centres were, compared with last
week, % of 1% lower at London, H of 1% at Paris
and 34 of 1 % at Berlin and Frankfort.
The most notable feature of the statement of the
Xew York Associated Banks last week was an increase
of
S$,^92,S7o in surplus
$S,640,700. This
gain of $10,578,900 in cash less an
increase of $2,086,025 in reserve requirements.
Loans
were contracted
by $858,800 and deposits were in¬
such power can be necessarily or even reasonably im¬ creased $8,344,100.
The bank statement of this week,
plied. Had the 1906 Act prescribed some rule or should also show important gains in cash as the result
rules' for the safer and more expeditious transaction of the disbursement
by the Sub-Treasury of consider¬
of the business of the carrier and which he was to ob¬ able sums in excess of
receipts.
serve, and fixed the liability for- his failure to comply
with the same, the Act would have possessed similarity
The above-noted favorable bank statement and the
with the Safety Appliance Act.
In short, Judge Mc¬ indications, as disclosed by the daily Sub-Treasury
Call shows convincingly that the power of Congress to report of debit balances at the
Clearing House, that
define the liability of common carriers, engaged in Government
payments were this week largely in ex¬
inter-Stato commerce, to their employees, and to create cess of receipts, contributed to marked ease in mone¬
rights of action in favor of the same, can only be exer¬ tary conditions. The demand for money on call was,
cised when Congress in the first instance has prescribed however, somewhat restricted because of the tame
rules of conduct governing common carriers, and it is speculation in stocks and the downward
tendency of
for
the
of
these
that
only
breach
rules
Congress has prices, and though offerings,of funds for short fixed
the power to prescribe civil liability.
Independent dates were liberal and at concessions, comparatively
of such rules, Congress has no power to define the lia¬ little business was reported.
bility of a common carrier to its servants on account
Money on call, representing bankers’ balances,
of torts committed by other servants of the common loaned at the Stock Exchange
during the week at
carrier.
But Judge McCall holds the Employers’ 5% and at 2J/£%, averaging about
4%; banks and
trust
still
Liability Act unconstitutional on
another ground.
companies loaned at 214% as the minimum.
It does not distinguish between inter-State commerce On Monday loans were at 5% and at
314% with the
and commerce carried on within the State.
He savs bulk of the business at 4%.
On Tuesday transactions
the Act is plain on its face.
were
at
It applies to all common
434% and at 3% with the majority at 4%.
carriers engaged in trade or commerce between the On Wednesday loans were at 4%
and at 234%, with
States, and imposes upon carriers whose lines lie wholly the bulk of the business at 4%
On Thursday trans¬
within a State, if such lines do any inter-State business, actions were at 314%, and at
3*4'%. with the majority
the same liability as upon a common carrier who han¬ at 314%
On Friday loans were at 3]4% and at 2*4%
dles only inter-State business.
In enacting such a with the bulk of the business at 3%%. Time loans
law. Congress has exceeded the powers delegated to it. on good mixed Stock Exchange collateral were
quoted
Judge McCall’s conclusion, therefore, is that Con¬ at 5J4% for sixty and 5:%%. for ninety days. For
gress is not authorized under the commerce laws of longer maturities up to six months, 6% is the rate.
the Constitution to enact legislation of this kind, for Commercial paper continues to be
quoted nominally
the reason that the relation of-inter-State carriers to at 6@6f'2% for sixty to
ninety-day endorsed bills receiv¬
their employees and their liability to them in damages able, 6(9 614% for prime and 614(47% for
good four to
is not commerce within the meaning of the Constitu¬ 'six months’ single mimes; brokers
report some business
was
the result of
reserve to
a
.
.
tion.
But if it
were,
the Act does
not
undertake
to
at concessions
but the transactions
are
in smallamounts.
regulate that relation or liability; it simply announces
The Bank of England reduced its rate of discount
by an Act of Congress a new law on tort's limited to a*
special class of those engaged in inter-State commerce. this week irom 6r y.at which it had stood since October
Furthermore, t he Act does not coniine the liability which 19. to 5%. The cable reports discounts of sixtv to
it seeks to impose upon common carriersenga.ged in inter¬ ninety-day bank bills in London at
UTfG 47%J
The
state trade and commerce to such common carriers, but open market rate at Paris is 3{43%% and at Berlin
imposes the same liability upon common carriers en¬ and 1 rankiort it is 5(9 534%. According to our
gaged in trade and commerce wholly within the State.
special cable from London, the Bank of England gained
£5(}<8,.X24 bullion during the week and held £32,162,The Bank of England official rate of discount was <824 at the close of the week.
Our correspondent fur¬
reduced on Thursday to 5%> from 6'at which it had ther advises us that the gain was due to large
receipts
.
been
maintained
With this
since
the
19th
of
October
1906.
from
the
the
interior
of
Great
Britain,
those
and
exception there was no change in official
imports greatly exceeding the export move¬
ment,
which was particularly heavy to South America.
by any of the European banks this
week.
It is thought likely, however, that the Im¬ The details of the movement into and out of the Bank
perial Bank of Germany, which on December IS were as follows; Imports, £481 ,000 (of which £41,000
advanced its official rate to 7%, will soon make a United States coin and £440,000
bought in open
rates of
discount
,
Jan. 19 1907.
|
THE CHRONICLE
1^7
The market closed on Friday at 4 8125@4 8150 for
market); exports, £1,532,000 (of which £1,512,000 to
South America and £20,000 to Singapore), and receipts long, 4 S550@4 8560 for short and 4
S625@4 8635 for
of £1,560,000 net from the interior of Great Britain.
cables.
Commercial on banks 4 S0%@4 81 and docu¬
ments for
The
foreign exchange market was only moderately
active, though generally firm, this week, influenced by
easy money in New York and lower discounts in Lon¬
don.
The fact that there
was
Thursday tended to restrict business early in
the week, and the indications that the Bank of England
would reduce its discount rate and the
uncertainty as
the extent of such reduction contributed also to
limit the volume of transactions.
to
Long
was
Cotton for pay¬
80% @4 80%, cotton for acceptance 4 80%@
and grain for payment 4 81% @4 81%.
4 81
fast mail steamer
no
until
payment 4 S0%@4 81%.
ment 4
The
following gives the week’s
to and from the
irrofc
interior
-
Cold
in good
Total gold and legal tenders
request because of the easier tone for discounts in the
open market at London and for this reason it was
With
by the New York banks:
Received by
Shipped by
X. Y. Banks. N. Y. Banks.
ending January IS 1907.
Currency
movement of money
A7el Intcrior
M ovement.
$12,530,000
2,005,000
$0,340,000 Cain
847.000 Cain
$0,190,000
1,218,000
$14,001,000
$7,193,000 Cain
$7,408,000
Sub-Treasury operations,
the result is
fol-
as
preferred to short for remittance. There was some lows:
buying of the latter for the payment of maturing finance
Into 5
Out of
Net Change in
Week ending January IS 1907.
bills and also to pay for American securities which had
Banks.
Banks.
Bank Holdings.
j Banks’ interior movem’t above.. $14,001,000 S7.193,000i Cain $7,408,000
been returned from Europe.
Though the London j Bub-Treasury operations
'.
35,100,000
28.000
.UOOjCaln 0,500.000
Stock Exchange’s settlement occurred on
Total gold and legal tenders
Wednesday,
$49,701,001
$35,793,000 j Cain $ 13,908.000
i
I
there was no special demand for cables incident
thereto,
The following table indicates the amount of bullion
reflecting a small bull account in Americans.
Easier
in the principal European banks:
rates for money in our market
encouraged some buy¬
ing of long sterling for investment early in the week,
January 17 1907.
1
January IS 1900.
but this demand subsided when the indications
clearly ; Bank, oI
Gold.
Silver.
Total.
Gold.
Silver.
Toal.
pointed to still lower discounts in London and to a fall j
£
£
£
£
£
as
i
£
;
in the Bank rate.
As the market for short rose, in
the demand, there was some speculative
selling, apparently with the-object of checking the ad¬
vancing tendency. On Wednesday the market was
quite active and strong, as the result of the demand
for Thursday's mail; when this inquiry was
satisfied,
rates fell off, but there was a
recovery and a firm tone
on Thursday on the announcement of the reduction
in the Bank rate.
Commodity bills, and especially
those against cotton, were in good
supply during the
week and they were promptly absorbed.
Nominal quotations for sterling
exchange are
1 S2@4 82% for sixty day and 4
SO@4 86% for
sight. The market was firm on Saturday of last j
week, and, compared with tlie previous day, long !
rose
25 points to 4 S075@4 80S5 and cables 10
points to 4 S5G5©4 8575; short was unchanged.
On Monday long fell 10 points to 4
S005©4 8075,
short rose 40 points to 4 8520@4 8525 and cables 45
points to 4 8610@4 8615. On Tuesday long advanced
15 points to 4 8080@4 8000 and short fell 5
points
to 4 S515@4 8520, while cables declined 15
points to
1 8595@4 86.
On Wednesday long rose 25 points to |
4 S105@4 S110, short 5 points to 4
8520®4 8525; j
cables fell 5 points to 4 8590(5)4 86.
On Thursday I
long advanced 40 points to 4 8125@4 8150, short 15 !
points to4 8530@4 8540, and cables 10 points, to 4 86@ j
4 8610.
The market was strong on Friday at an ad- !
vanee of 20 points for short and of 25
points for cables. !
The following shows daily posted rates for
sterling j
exchange bv some of the leading drawers:
response to
.
\ Mon.,
Fri.,
Jan.
‘
Brown
Br
'8.
& Co
—
Baring
Go
Of) days l
\ Sight
11 Jan.
si
1 S54 !
days 1 SI
1
Sight
8->4 |
GO days 4 S 1
-
.
GO
7.
.
;
Bank Brilisb
North America.. -.-1 Sight.. 4
Bank of
^
GO davs 4
Montreal
-] Sight,
4
Can nli in Bank
GO daysi 4
of Commerce...
"I sight
4
'GO davs 4
Heldalbach, Ickelhelmer & Co
—! Sight
4
Hazard
■'GO days 4
..
.
■
.
Fro res
Merchants’ Bank
of Canada
..
...I Sight
s5 u
si
85
S|
85}
GO
814
81
4
S2
SG
'
SG
814
M
SG
81 4
SG
s i1
SG
si
SG
si 4
8fi
SI
a
|
.
4
Sfi
81
S
85.4
SG
81
85
81
814
t
\V(d.,
15 Jan.
Sfi
SG
s i1 ■;
4 j1
4
4
days 4
—1 Sight.. 4 854
‘
;
Tws.,
14 Jan.
1 1 <
SG
•81-4
8G
si 4
SG
Si 4
m
si 4
Sfi
si 4
SG
4
SG
si
.sfi
4
•
814
SG
si
SG
s2
Thurs.,
lfi Jan.
4
82
Sfi
S2
Sfi
82
SG
S2
SG
82
SG
S2
Fri..
17 Jan. IS
s2 4
sg 4
82
SG
82
SG
S2
Sfi
SG
SG.
S2
SG
82
SG
■
82
SG
S2
SG
824
8(5 4
1
SI
SG
82
80
80
4
82
4
4
England..
Franco
32,102,824
105,905,500
Cermanv a 50.200.250
llus-ia
118,051.000
Aic.-llunb 40.433.000
.
..
...
Spain
15.3S7.000
Italv
32.190.000
5,539,400
3.270.007
3.990,000
N'Uuwl’ds
Xat.Bolg.a
Sweden
32.102.S24 30.975.515
39.033,500 145.599.120 114.522.824
30,975.515
42.493.050 157.010.474
10.000.750 40.207.000 34,717.000
4.735.000 122.7sO.OOO 103.010.000
11.7SO.OOO 5S.213.009 45,209,000
24,201,000 39.5SS.000 15.038,000
4,700,100 50.950.100 27.S5S.000
5.719.000 11.25S.400
0.005,200
1,038,333
4.915,000
3,154,007
3.990.000
3.791.000
11.573.000 40,290000
3.029,000 107,239,000
12,294.000 57.503.000
22.949,000 37.9S7.000
3.532.500 31.390,500
fi.02s.900 12,034.100
1.577.333
4.732,000
3.791,000
.
.
..
Tot. week 393.207,701 102,533.743 495,74 1,4 14,385.481.200 104.077.383 489,558.589
Prev. week 389,470.700 101.310.500 490.781,200381.502.187 103,058.588 484,020.975
I
The division (between cold and silver) given in our table of coin and bullion
the Bank of Germany and the Bank of Belgium is made from the best estimate
we are able to obtain;
in neither case Is it claimed to be accurate, as those banks
make no distinction in their weekly returns, merely reporting the total gold and
silver: but we believe the division we make Is a close approximation.
b The Austro-Hungarian Bank Statement is now issued in Kronen and Heller
instead of Gulden and Kreutzcr.
The reduction of the former currency to sterling
Pounds was by considering the Gulden to have the value of 80 cents.
As the
Kronen has really no greater value than 20 cents, our cable correspondent in
London, in order to reduce Kronen to Pounds, has altered the basis of conversion
by dividing the amount of Kronen by 24 instead of 20.
a
n
HOW
RAILROAD
DEVELOPMENT
IS
HAM¬
PERED—TIIE SOUTHERN RAILWAY.
The railroads of the United States
just now are be¬
deep sea. On the one hand
they have such a surfeit of traffic that their facilities,
enormously though they have been increased in re¬
cent years, are unable to handle it with due economy
and reasonable promptness.
Every motive of selfinterest on the part of the railroads and the public
tween
the devil and the
alike demands that this situation be relieved and
lieved
quickly.
The carriers
are
re¬
ready and willing
do their part to furnish such relief.
Government
commissions and other public bodies have taken the
to
subject up and are urging drastic measures to force
the carrying interests to add to their facilities to the
extent supposed to be necessary.
But while on the
one hand there is a concensus of opinion that the rail¬
roads must spend enormous further amounts of new
capital, our legislators and Government officials are
doing everything within their power calculated to
make it difficult to raise the needed money.
Through
legislative enactments and by assaults on capital and
wealth, confidence has been so deeply disturbed that
for the last twelve to eighteen months the market for
new bond issues has been almost completely gone.
During the period referred to, quite a number of
bond syndicates formed for the purpose of floating new
bond issues have been wound up with a large part of
128
the bonds still
THE CHRONICLE.
[VOL.
LXXXIY.
their
hands, the investing public increase of over 138%. No one, we think, will attempt
having shown no disposition to purchase. At the same to gainsay Mr. Finley’s assertion that nowhere in
time, by Government action, railroad rates are'being the United States, save in the twro States of the ex¬
steadily reduced and the appetite of shippers is being treme North West, Washington and Oregon, has there
whetted for further reductions.
In like manner the been such industrial development as in the South.
taxes of the roads are being heavily increased.
Then Nor will any one be inclined to dispute his claim that
many of the States are imposing penalties for delays outside of the energies and efforts of the Southern
in the forwarding of freight within State borders, and people themselves, the Southern
Railway has been one
our National Legislature is pondering on
of
the chief factors in the South’s wonderful develop¬
the advisa¬
bility of subjecting the carriers to similar fines and pen¬ ment.
alties on inter-State shipments. In addition, and by
Obviously, the vast increase of traffic incident to
no means least of all, the cost of
labor, of materials such a commercial awakening, required, as Mr. Finley
and supplies, and of everything else needed by the states, a very striking increase in transportation facili¬
roads in their operation, is steadily rising.
The con¬ ties, and the management of the Southern Railway Co.
gestion of traffic still further complicates the situation, throughout its existence, has not been unmindful of
for the lines are so choked with freight that it is no that fact.
It did not wait for the coming of the de¬
longer possible to move the same in an economical velopment itself before attempting to increase to the
manner.
The result is that expenses are being so utmost extent its transportation
capacity. The com¬
greatly added to that the augmentation in the expense pany has been in existence not more than about
account far exceeds the gains in gross earnings, large twelve years, and inherited from the old Richmond Sc
though these continue to be. The Southern Railway West Point Terminal Co., wrhich had become bankrupt
furnishes a capital illustration of the kind.
For the and unable to carry on its functions, a lot of mileage
five months of the fiscal year from July 1 to Nov. 30, of light and faulty construction,
poorly equipped and
gross earnings of the road show a gain of $1,42S,440, utterly unprepared to handle any considerable traffic.
but net earnings record a loss of $719,778, owing to
Figures are presented to show what an extensive
the fact that expenses have risen for these five months amount of money the company has* spent
in pur¬
in the sum of $.2,148,218.
suance of its policy of betterment and
development.
In this situation a letter of W. W. Finlev, the new For new
equipment alone it has spent or contracted
President of the Southern Railway Go., which has been to spend $49,322,569; for new,
improved and heavier
issued the present week, is both timely and pertinent. rail, $10,880,000;
-for
double-tracking, reducing
It is this letter that has given rise to the report of a grades and changing alignments,
$13,687,400; for
proposed issue of short-time notes, and certainly, as additions and improvements to yards, real estate,
the company is in need of new capital, and bonds roadway and structures, etc., $8,229,605;
adding
cannot be sold except at a sacrifice, there would be various other similar
items, the aggregate of expendi¬
nothing very strange in a resort to such a device. It ture for work done and contracted for, for the purpose
should be noted that President Finley’s letter is ad¬ of handling the traffic, is brought
up to the large sum
dressed, not to the stockholders of the company of $96,4S2,945. The number of locomotives has been
but “to the public.” Mr. Finley’s desire is to acquaint increased from 623 to (received and contracted for)
the communities served by the lines of the system with 1,544; the number of passenger-train cars from 487
the facts—to show the difficulties under which the to 1,008, and the number of freight-train cars from
system is laboring, and hjW comprehensive have been 18,924 to 58,491. In reality these figures do not indi¬
the plans of the managers for furnishing adequate cate fully the extent of the additions to
equip¬
transportation services, and to make it apparent that ment, since the increased power of the locomotives
the interests of the railroads and of the public alike and the increased tonnage
capacity of the cars have
on
certain to suffer unless the present
public attitude, added much more to the equipment capacity than
as expressed in legislative and
governmental action, the number of added units would appear to represent.
is changed so as to make the conditions less unfavora¬ For instance, the average capacity of
the freight cars
ble to the railroads for carrying on the business of has increased 28.38%.
It is thus evident that the company has not over¬
transportation, and for prosecuting to completion the
extensive improvement and development work neces¬ looked its obligation to increase its facilities in antici¬
sary to enable them to fulfill their public duties.
pation of the growth of traffic. Nevertheless, the
Mr. Finley begins by admitting that at present company has been and still is, Mr.
Finley declares,
railroad service generally, including that of the South¬ hampered by tw7o conditions.
One is the large amount
ern
Railway, is far from satisfactory. He points of fresh capital required and the other the difficulty
out, however, that as far as the Southern itself is con¬ of securing adequate, and efficient labor, of promptly
cerned, one exceedingly potent cause has been the ex¬ getting its construction work done, and of obtaining
traordinary industrial development of the South, and the rolling stock, rail and other material essential to
he quotes from the late President Spencer’s remarks
improved facilities.- As illustrating the delay in
to indicate the magnitude and extent of this devel¬ obtaining rolling stock, it is
pointed uu, that on a
opment. He also gives statistics drawn from the contract for new7 equipment given Nov. 1 1905 and
Southern Railway’s own traffic records to show how wdiich was to be filled by March 1906, 177 cars still
great the growth and expansion in the traffic work remain undelivered; on a contract given Feb. 1 1906
required of the system has been. In 1895 the number to be filled on or before October 1906, 17 locomotives
of tons of freight carried one mile by the Southern was and 2,218 freight cars still remain undelivered. Mr.
1,09S,932,SS4; in 1906 the number was 4,488,915,839, Finley also gives illustrations of the delay experienced
giving an increase of over 300%, or, allowing for the in getting double-track wTork done on various parts of
additions to length of road operated in the interval, an the system, owing to the difficulty the contractors have
are
,
Jan. 19 1907. j
in
THE CHRONICLE.
obtaining the
combined.
necessary labor or material, or both
He asserts that one of the greatest needs
of the South is that its railroads should have
course
of
its part to
the present mistaken
hampering and embarrassing the roads.
on
addi¬
tional track
capacity. No matter how many locomo¬
tives and cars may be available, it is manifest that
the number which can be moved is limited by the
track capacity. The work of providing the necessary
additional track will require a vast in-put of capital.
How this capital is to be obtained, he states, is everywhere
from adherence
129
THE BANK OF ENGLAND RATE.
We called attention, git the time when the Bank of
England directors in October, advanced their dis¬
count rate to 6%, to the,question frequently asked
at that time on the money markets of the world,
,
whether the Bank had
or
had not lost its old time
matter of grave concern to
railroad managers. power of controlling, by such an act, the course of
operations of the foreign exchanges. ■' We showed that, so
the properties; hence it must be borrowed.
far as the immediate movement following the Bank’s
It was in anticipation of the need for constantly announcement was concerned, that
power had un¬
a
It cannot be obtained from the current
increased facilities that the Southern
Railway last
doubtedly been preserved unimpaired. The classic
year created its new $200,000,000 mortgage.
Of principle that, by fixing a higher bid for money on
these bonds $20,000,000 were at once sold and the the London market, London
capital could be called
proceeds are being spent as rapidly as the work can home from foreign markets, and, in certain cases,
be done in acquiring the added facilities.
As bearing foreign capital attracted from those markets to Lon¬
upon the ability of the roads to obtain the mean's to don, still held good.
make the additions so imperatively required, some
The movement of gold to the United States, which
suggestive figures are given. The present situation is was in full swing at the time the Bank of England be¬
an
immense increase in all expenses without any gan its operations with the discount rate, ceased en¬
increase in rates—in fact with the proposition almost tirely and has not
subsequently been resumed. It
universally made to decrease rates by legislative is true that a movement of gold to Egypt larger than
enactment.
Since 1898 bridge timber has advanced had been anticipated occurred after
the 0% London
from $9 30 to $20 52 per thousand
feet; crossties rate was fixed, and it is also true that Argentina took
from 28 cents to 34.5 cents per tie; steel rail ; from substantial amounts of
gold. These were, however,
$17 75 per ton to $28 00; locomotives from $11,392 seasonable demands, which had in a general
way been
to from $16,000 to $20;000; passenger coaches from reckoned in with all forecasts of the
market, and,
$0,315 to $9,408; freight cars from $500 43 to $705 00; furthermore, the maintenance of its 0% rate by the
coal cars from $308 to $1,135.
The cost of labor has Bank of England, and the more or less vague intima¬
increased per mile of road from $1 021 07 in 1895 to tion of what rate might be fixed if severe
pressure
$2,513 04 in 1905»and $2,874 71 in 1900. The taxes should continue, led directly to the granting of assist¬
of the company per mile of road have since 1895 ance by the Bank of France in the
shape of releasing
increased 03.41%. To these enlarged outlays, it is its own gold for Egypt.
But the autumn strain on the
stated, must be added the excessive verdicts of juries money markets once completed, cash flowing back
in personal injury cases.
Furthermore, there is a from the provinces, and arrivals of Transvaal gold in
marked tendency on the part of many of the States
London being left to the undisputed control of the
to regard any failure of service as wilful and to
impose Bank of England, it followed that the bank’s position
should this month normally improve with
upon the carrier a heavy penalty therefor.
great
Mr. Finley well observes that the imposition of
rapidity. A week ago, when its ratio of reserves to
penalties will not build railroad tracks, supply equip¬ liabilities had advanced from the 35J^% of Oct. 10,
ment or enlarge and simplify terminals, nor would it
and the 33x/i% of Jan. 2, to 40%, or the normal mini¬
benefit the transportation service as a whole, but on mum, it was rather
generally predicted in London that
the contrary would tend to produce injustice and dis¬ the 0% rate would be reduced.
There was the greater
crimination between persons and localities.
expectation of such a step from the fact that a 0%
Under these circumstances—with greatly increased rate lias never but once in the four
past decades been
expenses for material, for labor, for taxes, for penalties maintained at the Bank of England, even in years
of
and for damage claims, and with the demands of the
urgent stress, after the opening week of January. The
public for better facilities and greater safety of opera¬ Bank, however, took no such action on its rate last
tion—Mr. Finley thinks it must be apparent that a week, London’s own
explanation being that a moderate
reduction of revenues must conflict with the interests advance which had occurred in New York
exchange
of the public in its desire to obtain what is insisted on London
stayed the hand of the Bank’s directors.
upon.
He feels it his duty to advise the public that, They apparently even then entertained some misgiv¬
with decreased revenues/the railroads of the country ing lest New York’s demand for
gold to sustain what
will be utterly unable to pursue successfully their London considered an
unduly expanded speculative
efforts to provide better facilities and greater safety position would be resumed.
of transportation.
The events of the present week put an end to
He goes a step further—and that
appre¬
is the kernel in the argument and the conclusion to hension from this
quarter. Not only did the New York
which all these facts and figures lead; he declares the money rate decline and the rate for
sterling exchange
time is near where it may be absolutely necessary for rise well above the
gold-import line, but liquidation of
the public to take the choice between better and safer
speculative accounts on the New York Stock Exchange
facilities on the one hand and lower rates on the other. occurred on an extensive scale. This meant not
only
In the nature of tilings it is impossible to have both. that American
exchange had ceased to move against
We think Mr. Finley is to be commended for having London in such a
way as to cause misgiving, but that
set out the situation in such a candid
the
basis
for
way and the
expecting a movement of that sort had
public should ponder well the results that must follow itself ceased to exist as it had before. At the same
THE CHRONICLE.
130
high Bank rate was fixed long before the
money market strain converged, with unpleasant re¬
sults, on London. But the 6% rate of 1882 and the
6 to 9% rates of 1872 and 1S73 were as distinctly
measures adopted to meet an abnormal drain of cap¬
ital to other markets, excited by a world-wide industrial
and financial “boom,” as was the 6% rate of the
present season. In neither of these two periods could
it have properly been alleged that the high London
In at least some measure, the financial situation Bank rate was a signal of loss of prestige by the Lon¬
generally is cleared up by this action of the Bank. don market.
It is too early to predict the probable action of the
London is still the financial centre of the world, and
movement of rates at its central institution is still an Bank these next six or eight months.
That its action
accurate index to the condition of capital and credit on the rate will continue, as in the past, to provide
throughout the financial world at large. There are a trustworthy barometer to the real situation on the
several points to observe, however, with regard even world’s monev markets as a whole, cannot be doubted.
to the present rate.
One is that, even with a 5% rate
established, the Bank’s charge for money is abnor¬ THE DECREASE IN LAST YE AITS ANTHRACITE
COAL PRODUCTION.
mally high for this time of year. Four or three per
It has often been observed that the anthracite coal
cent at this date is usually deemed high enough.
Another consideration- is that relaxation in money trade does not always follow the course of general
rates in the first few weeks of a new year is not always trade, but seems to pursue an independent path—
a safe criterion to the later movements of the season.
showing, not infrequently, a decrease in production at
It still remains for the market to test the extent to a time of rising prosperity and great activity in in¬
which the Bank of England’s resources will again be dustrial affairs, and vice versa.
Some such reflection
pressed upon later in 1907 by demands for capital by will undoubted^ occur to the reader when he sees the
other markets.
That London, as the world’s free anthracite figures for 1906 and notes that they show a
gold market, must chiefly bear the strain of providing decrease in output as compared with the twelve
for such needs, and that automatic regulation of the months preceding of nearly 6,000,000 tons.
How¬
foreign exchanges has become somewhat less easy since ever, the anthracite trade is governed now by totally
its large liquidation of foreign securities, chiefly Ameri¬ different conditions from those which formerly pre¬
vailed.
There was reason for erratic movements in
can, during the past ten years, are facts which every
one must admit.
If capital is to be subject, this com¬ the trade when chaos rather than order reigned—when,
ing year, to a strain such as that of the past six months, through cuts in prices, purchases and consumption of
coal might for the time being be immensely stimulated,
we can hardly reckon confidently that we have seen
or when the managers, brought
the end of abnormal rates at the Bank of England.
suddenly to their senses
We have observed, in some discussions of the matter, by impending bankruptcy, would seek to restore prices in
a
disposition to assume that the 6% rate, so long part, only to find that the market for coal had, as it
maintained this season at the-Bank, is a sign of finan¬ were, completely vanished—dealers and consumers
cial weakness, or at least of financial vulnerability, having stocked up in advance to such an extent at the
on the part of London.
That there are one or two lower prices that they had no need for coal at the higher
respects in which that market is less advantageously figures.
No such conditions prevail At this time.
The an¬
placed to-dav, in relation to other markets, than it
thracite trade is now managed in accordance with com¬
was, say a dozen years ago, we have ourselves already
pointed out. It must also be admitted that the course mon sense rules, thanks to the community of interest
of the Bank’s directors during September and October existing among the various carrying and producing
displayed just sufficient uncertainty of opinion and interests in the trade. Different reasons therefore
vacillation of purpose to give seeming color to the must be sought for the 1906 falling off in production.
contention that they were startled by the position And these reasons can be found in abundance.
In the
into which Lombard Street had drifted. For this the first place there were disagreements with the laborers
explanation doubtless is that the London banking or miners. There was suspension of mining through
community as a whole misread the signs of the times the whole of the Pennsylvania anthracite fields during
last spring and summer, predicted easy mofiey for April and the first ten days of May.
The contract
the autumn, and was therefore caught- very much between the miners and operators, entered into after
unawares when the real
the great miners’ strike in 1902, and which was based
“squeeze” came.
But that the 6r( rate itself was a sign of weakness, on the award made early in 1903 by the Anthracite
or of an altered position in
any respect, financial his¬ Strike Commission appointed by President Roosevelt,
tory gives no ground for contending. It may in fact expired April 1 1906, and the miners were unwilling to
be said tlm.t a London Bank rate as high as this, or enter into a new contract on the same basis.
Speak¬
higher, has marked every past year when, as in 1906, ing through Mr. John Mitchell’s organization, the
a world-wide “boom” in trade, with
exceptional de¬ United Mine Workers, the miners asked for decreased
mands on capital by merchants, bankers and specu¬ hours and increased pay, on top of the large increases
lators in every market, caused aggressive competi¬ they had obtained in 1903 and in previous years.
tion for international capital. It is not true that the 6r<
The suspension of mining, which was complete, was a
rate has in the past been exclusively or even primarily step taken by the miners pending the conclusion of
a sign of distress in
England's own finance. Such it the negotiations between them and the operators for
may be alleged to have been in 1890 and 1866, though a new contract more favorable to the men, as they
Bank gained gold again in substantial
amount, bringing its gold stock to a figure $15,000,000
above that of three weeks ago, its banking reserve being
increased $19,000,000 for the same period, and its ratio
of reserve being raised to the comfortable figure of
45ht%—actually the highest for this date, except for
1905, in any of the ten past years. Few people, there¬
fore, were greatly surprised when the London Bank
rate last Thursday came down to 5%.
time,
)
tjt!
-
then the
[ Yol. lxxxiv.
the
even
Jan. 19 1907
in the nature of a weapon to compel
operators to accede to the terms demanded. But
hoped, and
the
was
eventually.the miners were forced to give way. Popu¬
lar opinion did not support them in their demands, as
the consuming public saw very clearly that a further
advance in wages meant a further advance in price of
coal, and this consumers were unwilling to pay, espec¬
ially as they felt the miners were already faring ex¬
ceptionally well. Mr. John Mitchell, with great perspi¬
cacity, seemed to recognize this fact, and on May 7 the
miners agreed to accept the terms originally proposed
by the anthracite operators and continue the award
made by the Strike Commission for another period of
three years, to April 1 1909, with only some slight and
insignificant modifications.
It seems to be correct to say that the miners in no
essential particular gained anything by their course. In
the meantime, however, coal mining was stopped, and
the effect on the year's output can be judged when we say
that in April the shipments to market were only 4SS,203
tons, as against 5,278,041 tons in April 1905 and 5,407/7S6 tons in April 1904. For May the shipments
were 3,254,230 tons, against 0,005,158 tons in 1905
combine the
the
55,698,595 tons shipments for 1906 with
61,410,201 shipments for 1905 we get an average
for the two
years—and this seems a fair way of treating
the matter—of 55,554,398 tons, which compares with
57,492,522 tons for 1904, showing a relatively small
increase, and with 59,362,S31 tons in 1903, in which
last year, however, the shipments were of more than
normal extent
by reason of the strike of 1902. Other
things being the same, this average for the last two
years is smaller than one would expect it to be except
for the possible intervention of extraneous causes.
One such extraneous circumstance will easily be
recalled—and a very important one, too, as far as
780811805.,
and 5,285,079 tons in 1904. The loss sustained at
that .time was never subsequently recovered.
Indeed,
serious attempt seems to
have been made to make
it up.
In the remaining seven months of the year,
the monthly figures only in three instances showed
larger totals than for the corresponding month of 1905.
no
131
THE CHRONICLE.
j
In the other four months there
were
decreases,
as
will
.
the anthracite trade is concerned.
mild winter which
We refer to the
prevailed especially during January
February, when the demand for coal for family
use is ordinarily at its maximum.
In this city the
temperature at times in January 1906 rose to above 60
degrees and January 20 to January 23 a warm wave
spread over the northern part of the country. Many
different places in the North and West reported the
warmest January in twenty to thirty years.
In Feb¬
ruary the weather was almost equally mild.
Bearing
this fact in mind, together with the other circumstances
already narrated, and the large decrease in anthracite
production and consumption at a time of great trade
prosperity, is no longer difficult to understand. It is
well enough to note, too, that at the close of 1906 the
,
and
total of the stocks of coal at tidewater
smaller than
we
are
accustomed to
was
rather
it at the end
see
following comparative statement, of the year. In other words, on Dec. 31 1906 these
showing the monthly shipments to market for each of tidewater stocks were 583,125 tons, against 714,143
be
from the
seen
the last six
January
February
5 15s
4 712
March
5 757 .107
»S8 Ju.O
5
,5 070 .04 S
! PS! i is
5 it in .5 I 1
i .’>27 ssii
5 5s) 7t>s
5 |sj 148
4 x.OO 0_’.s
April
May
June
.
.
'.
tons December 31
vears.
100 1.
Months.
.
.
July
Amrust
September...
October.
November
December...
OS 1
•
,ii ip
■
.
ipo.;
.
t ills, >78
5,. >22. 001
,
5,25s,
Ml
|
5,2 7 si Oil
0,005. 15s
5.s ) I o.>2
4,5 10, 7 18
5.0 11, s;;s
5,0X2,
5,21)5, 0P 1
5. 121. Os}
5,805. 1 18
Total tons.55 0;)s ,.vdr> oi.i-io 201
100
4. 12 1
1 520
4 5T5
5 in r
7), 2s5
•5 72>
4, 028
4. 525
3. 007
>
151
5. 12 1
»5, 005
•
1
2 15
200
058
,7SF.
1)70
.705
22
<
754
000
5 12
oos
.114
loo:
5.00-1 050
5,070 OOS
5,21 1 450
5.0 1 1 oos
5,150. 1 10
5,4515 107
5,377. 405
5.100 102
4.05 1 111
8,025 0 12
4,001 117
4.250 740
57 102 ,522 50.802 s81
1002.
1001
! 02, 200
128. 5! 11
002. ■; 15
715. 205
002,, 402
702, 4 15.
000. 128
711. 417
370, 145
03 s, 188
007. 820
.
4.53s,138
5,711.258
3,8 Is,707
5
4.024.820
•>
1,708.802
02.205
280,070
821.774
155.8X8
J.270.257
4.08 1.884
5.000.15!
4
4
8
4
4
i
A
4
4
o
•J
023. 153
31.200,800 53 50 S, 102
It appears
from these figures that for the calendar
year 1906 the anthracite shipments to market from
the Pennsylvania fields were only 55,698,595 tons, j
against 01,410,20! tons in the calendar year 1905. \
It may seem strange that no determined effort should j
1904 and 714,276
with the anthracite
An
explanation, how¬
ever, is found in the fact that during all the latter part
of 1905 a strike in 1906, with the expiration of the
miners’ contract, had been nearly everywhere looked
forward to and preparations made in advance for the
event.
The “Engineering and Mining Journal” of
this city, in its annual review, points out that the ship¬
ments of 1905 were swollen bv large quantities of coal
sent from
the mines in November and December and
stored at various
points along the lines of the coalcarrying roads in anticipation of a possible strike.
It thus happened that, though in May 1906, owing to
the idleness at the mines, only a comparatively trifling
amount of coal came to market, there was at no time
any shortage in supplies at consuming points, the
stored coal being sufficient to meet all demands until
production was resumed.
shipments for each
back to
shipments
year
It should be understood that these
1873.
do not include coal used at the mines
locally,
nor
coal sold
yet the consumption by the anthracite
Probably, to get at the total
it would be necessary to add from 10 to 15%
nor
carriers themselves.
output
the'figures of shipments.
to
Year.
1000
10052
1 :>'• 1
1003
1 002
1 no 1
1:m»n
I800.
:
.
•*...
.
..
.
_
.
...
.
Tons.
j Year.
55,005,50.4
1 h.si*
_
_<;i ,110.201:1888...
57,102,522 1 s.xr
..
have been made in the later months to retrieve the
losses of the earlier months.
1905, 715,715 tons December 31
December 31 1903. We show here¬
.
no.302 ,53 1 1 8,xo
81,200.800 l.s.sn.
.....53,508,001.i88i
_.40,107.480 1888
.47,005.203:1882
.
...41 .81)11.751 i 1.SSI
,
-.
..
.
__
..
.
.
...
_..41 .037,500;1880
^...48.477.4881 1870.
40,511,47711878
..
Tons.
_an..107,710
35,145,71s
8 1.011.017
;ta. 1 80,302
;u ,023,520
30,715.203
.;u .703.027
20,120,000
28.500,017
...
....
180-1
-.41.801.20011877-.-
1802
.-.48,080.580 1870
_..4 1 ,808.820! 1875.40,448.880 1874...
.
.
.
.
.-85.855.174(1878
1800
.
.
..
28,187,242
.20.142,080
17,005,202
20,828,170
18,501,011
10,712,472
20.145.121
.21,227 052
As to the amounts
passing over the different roads,
superfluous to say, in view of the large
decrease in the total shipments in 1906, that no one
of the leading coal-carrying roads'transported as much
it is almost
coal to market in 1906
as
in 1905.
however, there have been larger
and
some
or
under the contraction, in
roads
have
fared
better
In
the
ratios,
smaller fluctuations,
the total movement
than
others.
The
appreciably reduced;
considerably increased,
though in the case of that road such increase is simply
a recovery of what the road
had lost in the years
preceding. For 1906 the Lackawanna’s percentage of
the total shipments was 16.52, as against 15.56 in
There can be no doubt that this is an accurate 1905; but going back to 1902 we find that its propor¬
statement of the situation of affairs/ And yet in and tion in that year was 16.51%, or almost precisely
by itself it does not seem entirely sufficient to account the same as for 1906. There is, of course, a thoroughly
for the large decrease for the twelve months.
If we good understanding among the different coal-carrying
Lehigh Valley’s proportion
that of the Lackawanna
was
was
132
THE CHRONICLE.
[Yol. lxxxtv.
roads, but the fact that these percentages of the total reported by the Great Northern Ry. for the month,
shipments over the different routes varies more or amounting to no less than $462,986. Our allusion is
less from year to year is evidence that no hard and to the scarcity of fuel which
recently existed in the
«r
fast rule exists for the division of the traffic among
the lines. The table we now present shows the ship¬
ments
over
the
Because of that fact the roads in that
part of the country were obliged to give coal the
leading roads in each of the last four preference over all other classes of freight, with the
result of
years.
190G
1905
1904
1903
Tom.
%
Tons.
%
Tom.
Tom.
%
%
Reading
11.258.295 20.21 12.574,502 20.48 11,399,022 19.83 11,490,903 19.36
Lehigh Val._ 8,530.254 15.32 10.072,120 10.40 9,011,420 10.72 9,737,100 10.40
Cent. N. J-. 0,9,83,217 12.54
7.983.274 13.00 7.201.270 12.52 7,404,612 12.47
D. L. &W-. 9,201,875 10.52
9,554.046 15.50 9,333.009 10.23
9,575,551 10.13
Del. & Hud. 5,346,095 9.00
5,040,528 9.19
5,270,797 9.18 5,927,283 9.99
Penn. Rlt— 4,856,004 8.72
4.890.635 7.90 4,705,953 8.29 4,555,459 7.07
Penn. Coal.]
Erie
}- 5.030,537 10.12 0,225.022 10.14 5,711,173 9.93 6,343,852 10.08
N.Y.S.&W.J
N.Y.O.&W.. 2,444,273
Del. S.&S.. 1,435.445
Total
Northwest.
4.39
2.58
2.804,090
1,005,378
4.00
2.01
2,040,730
1,540,470
4.01
2.09
2,093.402
1,034,489
4.54
2.70
55.098.595 100.0 01.410,201 100.0 57.492,522 100.0 59,302,831 100.0
With reference to prices, the changes during 1906,
as in the years
immediately preceding, were limited
to those made in accordance with
pre-arranged plans.
The practice in recent years has been, as is
disarranging their entire freight schedules,
leaving them short of equipment to transport other
classes of freight, thereby adding to the congestion of
traffic which had developed even before this circum¬
stance had come into play. In brief, the roads were
unable to transport the amount of freight they would
and
have
moved
had
normal
conditions
prevailed.
Of
to the extent that this factor is responsible
for the dwindling amount of improvement (treating the
course,
roads
collectively) the.influence
must be
regarded as
purely transitory and temporary. Before long it
known, ought to be possible to resume the running of freight
to have a fixed schedule of prices (on the basis of So trains in the manner which
experience .has demon¬
a ton for
strated
enables
the
roads
to
and
and
$4
for
egg, stove
chestnut
75
broken
carry the largest volume
or
of
with
business
the
facilities
at command.
coal),
but
allow
from
lump
to
a rebate
these figures
It should
during the spring and summer months, beginning with also be remembered that the Great Northern and some
the 1st of April. The rebate is 50 cents a ton the first other roads in the same section suffered to some
month, then drops to 40 cents, 30 cents, 20 cents and extent from snow blockades in December.
10 cents with each successive month
Our statement comprises-65 roads,
thereafter, until
operating 95,936
in September the rebate
miles
of
line.
On
this
disappears altogether and the
mileage there is a gain of
full winter schedule goes into effect.
During 1906 there $4,469,215, or 5.64%, as compared with the same
was some deviation from this
practice, occasioned by month last year. The improvement follows $5,441,832
the cessation of work at the mines during
April and increase, or 9.54%, reported on 81,238 miles of road
part of May. That is to say, the discounts of 50 cents in Decemper 1905 over December 1904. As already
and 40 cents
respectively in April and May were stated, the gains in December have been cumulative
omitted, owing to the stoppage of
mining. The dis¬ for a great many years past. The following summary
counts, however, of 50 cents, 20 cents and 10 cents
of the December totals furnishes
testimony to the fact:
for June, July and August,
respectively, were given.
Mil (aye.
Gross Earninys.
i
As to the tidewater prices of the steam
December.
Increase (4-)
sizes, the
Y(Or
Yoir
InYear
Year
j
or
(Jinn.
Prmd.
cr'se.
diet
Pri
ceding. Decrease (- -).
“Engineering and Mining Journal” states that these1't
Ronds Miles.
Miles.
were fairly uniform
S
?
during 1906, closing at $2 80@$6 00
j
?
1
12,0 1 93.075
92.282
10.805.711 41.791.2511
for pea, $2 25(h>$2 ">0 for
—895,510 2.1 1
buckwheat, SI 45.@S1.50 lv;i7
133 !j 99.418 98,122
1.32 50.020,193 14.512.149 4-5.478.0 14
2.20
I80s
129 j 90,285
95,191
1.15 19,030.312 40.474,70114-3.155.01 1
0.7S
for rice and -SI 30@$l 55 for
1899
113 j 98.50s 90,037
1.93 55.557,813 51,00| .0091 4-3,895.00 1
barley.
7.54
1900
101
—
.
'
—
—
_
—
,
.
n.
<
nr.
: c
Returns of
railroad gross earnings appear to
growing less favorable.
At all
events,
be
1900
sC
(l.so
...
1901
1002
1903
1904
1905
C4
•
smo
!
...
99
1
SO
71
07
.
.» t
.
05
!
90.117 93.002
103.490 100.09 1
100.038 9s,sill
89.279 87.007
sl. 143 S3.007
si .23s
79.su1
95.930 93.553
3.70
2.7$
1.80
2.51
59.000.431
0 1.922.9S3
70,700.049
01.80S. 301
l.so. 59.139,05(1
1 .70 02.109.079
2.55. ■S3. ,790.332
54.2 71.004i 4-5.335.837
02.id 1.9 10 4-2,SIS,1)37
9. S3
59.1 1 1.002 4 2.754.259
55,009,5 17 4-4.300.109
4.53
9.85
4.00
7.91
57.937.s17'4-5.111.S82
0.54
79.3.37.1
5.04
04.410.412! 4-0.352.057
17,4-4,100,315
compila¬
S'utt.—.Wither The
of the Mexican roads
"the milling operations
tion lor December reveals quite a small
included in this table.
improvement, of the anthracite coal roads
both m amount and ratio.
To be sure, as only
Perhaps in view of the conditions prevailing the
a
short
time
has elapsed since the -close of the
improvement shown for 1906 is as large as could have
month, the statement b necessarily incomplete, com¬ been
expected. For, aside from the dislocation' of
prising only the roads which make it a practice to traffic occasioned by the fuel
scarcity already referred
furnish early preliminary returns.
But these early to. many roads in the West and other parts of the
returns usually afford a
tolerably accurate guide to country had to - contend with a diminished grain
the general results, and lienee it is significant that the movement.
In part. the shrinkage in the grain traffic
gains are gradually dwindling in amount—that further¬ followed from the derangement of freight schedules
our
curiumr*
nor.
are
in the case of some rather prominent roads, occasioned by this very coal
scarcity. The trouble
increases are being replaced with decreases.
Of course, was not that there was no grain to move, but that the
one
reason for diminishing
improvement is found roads involved, in the coal disturbance were not in
in the circumstance that
comparison is now with position to take and t ansport it, or at least not so
unusually large and full figures. For. many successive much of it. It is a fact, however, that the
grain
years the roads have been adding to their earnings movement fell off even where the fuel
scarcity did not
in a very striking way.
As a consequence the totals come in as an unsettling element. Taking the grain
have risen to such magnitude that present
and future receipts for the four weeks ending December 29 at
additions, even with a continuance of business activity, the Western
primary markets, it is found that there
can hardly be
beam
was
expected to
the same large scale
a falling off as
compared with the corresponding
as in the past.
period last year in the ease of corn, of oats and of
more,
•V
There has, however,
been another
and
special wheat, and that these losses were' offset only to a
operation of late tending to restrict and limit small extent by increased receipts of barley and rye.
the amount of gain—at least in the ease of certain In other words
combining the five cereals the re¬
oads. This cause undoubtedly explains the large
loss ceipts for the four weeks of 1906 aggregated 58,444,-
cause
in
a
JAjN. 19
1907.]
THE CHRONICLE
133
310 bushels, as against 67,127,732 bushels in 1905.
The details of the grain movement in our usual form
are set out in the following.
complete our analysis, we add the following sixyear comparisons of the earnings of leading roads,
arranged in groups.
WESTERN FLOUR AND GRAIN RECEIPTS.
EARNINGS OF MIDDLE AND MIDDLE WESTERN GROUP.
To
Four Weeks
Ending
Flour.
Wheat.
Corn.
Oats.
Dec. 29.
(bills.)
(bush.)
(bush.)
(bush.)
Barley.
(bush.)
Rye.
(bush.)
December.
1906.
1905.
1904.
S
673,205
401,821
$
045,446
445,209
Chicago—
M ilwaukce—
1906-1905
Si. Louis—
1906
1905--.Toledo—
1906---1905---Detroit—
1900--.1905--.Cleveland—
1900
—
798,545
011,941
1,975,233
956,225
7.813,602
10,075.502
7,065,478
226,425
101,970
986,000
433.000
398,050
846,200
916.400
610,440
233,710
189.900
12.100
5.801,950
855,472
1,408,343
2,683,600
2.001,550
1.299.200
1,582,000
215,000
253,200
801.000
805.000
212,300
244,900
2.518,539
2,439,099
374,382
206,000
2,204,400
203.400
126,400
1.781,500
453,700
502,521
S
Buff.Roch.A P.
Chic.Ind.ALou.
Gr. Tr. of Can]
Gr. Tr. West.) 53,691,371
Det.G.U.A M.J
Illinois Central
86,000
OS,000
8,400
8,500
32.000
267,012
262,541
429.400
1.004,900
246,816
347.231
5.046
57,714
1,110,930
25,921
4 sss
51,623
1,201.100
000,335
337,720
70.750
59,900
47,100
42,400
1.995,300
1.301,200
668,500
1,028,200
143,000
287,500
32,900
192,750
3.981,377
145.000
3.270.177
211.400
903,181
785,267
925.093
40.01471,462
015.172
1.700,790
2,503,240
1.103.160
1.582,430
2.83,500
280.470
1,250,000
3,345,700
282.000
572,400
1905-*---
-
~
1,358
9.723.260
12.322.730
550,770
2.764,000
2,485.000
Total of All—
1906
1 .545.320
1905
1 .I,5.059
10,000
N.Y.C.A H.R-0;xS.OO2,111
Tol. Peo. A W.
108,430
Tol. St. L. AIV
327.347
Wabash
2.138.647
Wheel. A L. E.
498,085
7,740,083
110,940
315,417
4,493,103
0,893,934
1902.
1901.
$
528,975
393,954
2.326,080
441,109
$
475.041
354,496
1.924,702
383,494
113.287
3,413.125
5.690.120
94,898
219,920
12,800
2.061.849
459,000
89.909
3.787.102
6,202,785
114,682
294,268
1.694,345
1,592,342
253,580
330.350
20.S54.637 19,890.357 18,393.601 10.740,412 10,203.559 14,515.005
Based
on
approximate results only,
20.875,708
21.668,643
17.007,002
11,878,557
7.593.987
1,028,390
20.929.893
10.101.350
7.588,203
779,032
Al. N.O.&T.P.
N. O. A N. E
Ala. A Vicks.
Vick.Shr.AP.
Central of Ga..
C. N. U. A T.P.
Louis. A Nashd
Mobile A Ohio.
Sou them
Yazoo A M. V.
by an exceptionally heavy cotton
being in addition to the activity and
prosperity of general trade, which inured to the benefit
of the roads everywhere throughout the country.
The shipments overland, aggregated 347,523 bales in
December 1906 against only 237,951 bales in December
1905.
The receipts at the Southern outports were no
less than 1,566,258 bales, as compared with 1,040,865
what
can
bail's
--r
Port Arthur. Ae
N“\v Orleans
Mobile
Pensacola. A-r
s ivannah
Brunswick
Cnarleston
Georgetown.
Wilmington.
Norfolk
,
15s.1(1
53.070!
.
_
.
-
22.15s
272
30.12s
.
•>‘
339.307
45 1.100
hi, 191!
244.1 f.V
32.177
47.75 1
17.074
20.481;
410.107
52,718
50,801
225.953
48.56 1
25,052
12S.S27
30,008
4 1,108
221,148
400.432)
.32.959
9S.3I5
.3.743'
4.00s
-
44.15s;
215,150'
25.512 i
38.: 194
200
19.SOI
100
ft.) .‘JBB
29.733
89.410
95.470
December.
1,3Ss
2.717
j
Int. & Gt. Nor.
Mo.Kan.A Tex..
be
Mo.Pac.&C.Br.l
St. .L. S. W
!
Texas A
.
...
in
December.
or
decreases.
139,992
920,891
529.597
3,180.405
605,495
3,9 Hi ,072
840,215
110,700
810,381
402,100
3,005,904
020,583
152,998
990,523
003,509
3,438.803
715,071
1,239,515
1.029.178
930,522
Northern Pacific
Missouri Kansas A Texas.
Louisville A Nashville
Canadian Paeihe
Texas & Paeihe
X V Central A Hud Rlv.
(fraud Trunk (4 roads)
Illinois Centra!
Southern Railway.
Balt A Ohio
Mo Paeihe Svst i2 roads)
Denver A Rio Grande
St Louis Southwestern
•Clev Cin Chic A St L
Colorado A Southern
tnternat’I A Gt Northern.
Mobile A Ohio
Canadian Northern.
-.
.
.
.
.
.
-
.
Michigan Central._
GROSS EARNINGS
IN
Inert
IN
DECEMBER.
lucre it st
ases.
« I !!•>
I V -l
.133
$192
44.1 ,329
374
.103
327
T.11 0
289
.558
.00!)
.884
.ooo
,899
28.3 .238
209 180
269 .481
Ala X O & Tex Par cs rdsi
Wabash
Central of Georgia
Yazoo A Miss ValleyWheeling & Lake Erie...
Duluth So Sh & Atlantic.
Ala Great So
Western Maryland.
_
.
_
.
s.
70,00.1
47,274
.'19,085
.17.728
.15,050
,1.1 660
,
205
100
151
127
125
125
11.1
98
:r97
$5,003,088
Total M3 roads»
.000
.300
.174
.800
.477
,000
.419
,400
.000
2,495,069
553,102
3.165,321
759.952
005.083
9,830,220
8.057.141
l
..
i
j
1906.
1,170,054
1.050.577
1,743,900
1,577.000' 1,447,717
792,000}
0S5,050i
800,321
1901.
733.522!
040,019
544,349}
597.058
1.052,9221
1,875,085
1902.
l,237,S8s| 1.140,503) 1.447,159
005.27U
007,000
2,319,0141
i
1903.
1904.
1905.
1.540.9111
527.327
1,383,993
1.374.14S
4.059.000} 3,854,000 3,752,101
979,850;
3,092,352; 3,390 050} 3.013,735
874,577
708,787
009,190]
058,007
1.550,005 1.410.722 1.200.000 1,319.023
828,082;
1,490.517
10,089.87
l1
9.945.308- 9.420.852' 9.025,863
|
|
1900.
1905.
-
Iowa Central. J
Minn. A St. Lg
M.St .P.AS.S.M.
S
i
1901.
I
[
S
j
i
1903.
;
S
;
■
i
1902.
205.5s2)
742,202)
213,518
002,1801
207.1131
085,208
4,357.842;
3,710,297}
3.270.503
232.143
' 257,141;
273.009
301.0921
220,528!
190,925
191,113
1901.
}
5,50.8,000' 4,502.112' 4,204.815! 3,959,140
!
S
3,497.733
047.323)
028.582
202.205
203.800
3.390.3881 3.232.273
212,424
19,8,592
4,351.703; 3.799.122
! IS.035,504; 17.009.777 14,082,233' 13.190.809
12.941,900* 11.987.273
307,274:
•
802,090
735.70.1!
931.74''
5,708.287, 5,270.154
1
are
|
285.532
510,102
3.759.105; 3.410.527
Northern. Pac.l
Results
NORTH PACIFIC GROUP.
531,982
205,027;
513.154)
'i:i
based
on
111 miles less road after 1903.
GROSS EARNINGS AND
MILEAGE IN DECEMBER.
'
dross Darnings.
|
.Vamt*
of Hoad.
}
j
—
i
1005.
1906.
l
Mileage.
(+> nr\
l)rc. (—).
1900.
Inc.
$
$
319 .54 1
Alabama Great Southern-'
355,191
Ala New Orl A Tex Par—)
257.184
New Orl A Nor East
'
300. .127
1 37,900
Ala A Vicksburg
153,8-IS
15,1.740
Vicks Shrev A Pad lie-*
127,0 13
Baltimore A Ohio,
0,150,520
0,720.001
Bellefonte Central
5,080
5,107
Bulfalo Rochester A Pitts
073,205
037,050
California Northwestern, p
128,803
119,241
530,200
Canadian Northern
4.17,800
('auadian Paeihe
1 5,031 ,000 5,508,000
1 .028,24 1
] ,008,307
Central of Georgia 1.
12,113
10,330
Chattanooga Southern
758,381
712,202.
Chicago Great Western
401 .821
453,788
Chic Indlanap A
130.700
140,372:
Chic Terminal Transfer.
070,100'
000,0 81
Cine N () A Tex Padlic
2.041 .570!
('lev Cine Chic A St Louis
2.100.345
i
Colorado A Southern find
i
Ft Worth A Den City)
1.170,054} 1 ,050.577;
Denver A Rio Grande
! 1 ,743,000. 1 ,577,000
Detroit A Mackinac. _: |
04,718:
101,520
!
Del*Tol A Ironton, Ann
(
Arbor system
380,310
399,340
1
251.270
Duluth So Sh A Atlantic.
213,548
108,452
181.344 i
Georgia Southern A Fla _!
I
1
Grand Trunk of Canada.} ]
3.401.472
Grand Trunk Western -: 3,691 .371
!
Det Gr Hav A Mllw.. j}
Canada Atlantic
jj
i
Gt Northern St P M A M.j
incl East of Minn
3,059,178 4,101 .019
250,823
Montana Central
2.15,078!
178,201.
Gulf A Ship Island
201,015
,
Illinois Central
i 4,9.17,802 4,654,564
007,000
792,000
Internat A Gt
-273,009
Iowa Central
'
205,582
£447.444
455,244;
Lake Erie A Western:
I
3.549,073;
Lake Shore A Mich So.£.1,-108,897
Louisville A Nashville‘ .1,907.880' .1.59.1..122'
.
...
■_
1905.
$
t-
35 ,050
309
300
+
43,143
190
14.1
196
143
189
+ 15.882
25.827
+ 200.481
4- Ill
-*
.10,155
+ 9,622
+ 08.100
+ 303,000
a70.003
+ 1 .78.1
+ 10,170
—
180
4 ,027
27
508
205
2,130
0,055
1 .800
27
508
205
1.870
8,568
1 ,878
8,033
591
—6,582
+ 2.1.791
102
.138
+ 127.706
1 .98.1
1 ,940
1 ,046
2.470
332
-
+ 1
105
4,027
105
818
591
102
338
Louisv.j
-,
70,798
170,090
102.097
112,109
750.992
429,393
3,531.963
11.S49.329 10,829,769
_
PRINCIPAL ('.RANGES
Bcn
191,747
114,081
I
8
■
Canadian 1’ac.l 5.931,000;
Clnc.Gt.West.a
758,381)
Dul. So. S.A- A.
251.270
Gt, Nor. Svst.
3,894.850}
sur¬
of 830,000. whether increases
excess
211,073
131,812
145,375
EARNINGS OF NORTHWESTERN AND
prising to find that Southern and Southwestern roads
are unusually prominent among those reporting en¬
larged earnings. The Missouri Kansas A: Texas, for
example, has 8443,329 gain, tin4 Louisville A: Nashville
8374,558 gain, the Texas <fc Pacific 8327,884. &(*.,
Losses of large amount come mainly from roads like
the Great Northern, the Minneapolis St Paul A: Sault
Ste. Marie. &c\, though the Buffalo Rochester &
Pittsburgh has also again fallen behind.. In the fol¬
lowing we show all changes for the separate roads for
.amounts
210,081
3
a For 1905 and 1906 includes Colorado A Southern, Tort Worth A Denver City
and all affiliated lines except the Trinity A- Brazos Valley; for previous years we
have combined Colorado A Southern and Fort Worth A Denver City.
a
traffic, it is not
257.184
137,900
127.913
1,028.244
070,190
3.593.322
770,310
4,002,595
112,894,225; 11.350,00)1
1,500.258 I.010,805 1,358.075 1.398,105 1.20 1.550 1,289.051
In view of the increased cotton
300,327
Pacific} 1.824,401
Total
Total.
213.879
099,981
3.907.880
889.729
4.872.081
977,790
Col. & South.a;
Den. & ltlo Gr.
035
1 1.523
79.81s
3.070
51.725
102.124
2,209
1901.
S
210,203
EARNINGS OP SOUTHWESTERN GROUP.
384.479
22.990
3"ti. ion
29,91 1
45.349
202.91 1
2 1.1.38
05,115
41.997
1902.
S
272,557
i
1901.
202,803
22.781
150,
101,1 12
\vs. A-e.
,
20,577
109,431
•IS.7,SI
10.773
31,40s
251,890
22,100
.
1905.
*>•>7
534.010
17,200
.
1902.
1904.
19.15,
1903.
s
311,013
earnings of Atlanta Knoxville A Northern in 1904. 1905 and 1900.
Total
'
1900.
1904.
s
319.541
''
<TTO\* AT SOUTHERN' PORTS IN DECEMBER FOR SIX
YEARS, 1001 TO 1900, INCLUSIVE.
! •:
1905.
s
355.191
l3.468.S80j 12.449.7S7
d Includes
cotton movement must have been.
RECEIPTS or
11)00.
153.818
153.740
1,098,307
Total
advantage to Southern roads the larger
an
.
Y
Ala. Gt. South.
bales in the month in 1905—from which it
b Includes in 1901 1905 and 1904, but
{/The Fall Brook System,
and Boston A Albany In-
EARNINGS OF SOUTHERN GROUP.
favored
were
127,509
340,211
2,032,400
350.543
3SS.755
110.388
3,800,150
6.443,525
105,636
258.015
1.881,094
348,880
earlier years, earnings of Canada A Atkiutic.
the Beech Creek RR. and the Wallkill Valley Rlt.
eluded for all the years.
movement—this
r
!•
J
not in
.
Newport N«
3,053.246
4,654,564
£
On the other hand Southern roads and Southwestern
.
3,401,472
December.
1900-.-.
1905
Kansas City—
1900---1905
(i lives ton
405,913
12,479,038
4,937*802
Total
-
Minneapolis—
seen
637,050
453.788
$
511,818
.
Peoria—
1906-.-1905
Duluth—
1900
1905
roads
1903.
.
1906
1905
818
25,477
1 ,003
+ 100,300
2,532
+ 6,802
333
—1.1,036
+ .17,728
+ 12,892
084
592
.195
395
289,899
4,528
4,554
—441,841
6.039
5,974
—21.145
+ 22,814
250
307
250
280
_
■
.
+
084
502,
'
-
Decreases.
Gt Northern Syst (2 rds)
Lake Show & Mich So.
Mlun St P & S S M
N V Chic & St L
Hull Rochester & Pittsb..
approximate results only.
_
.
.
Total fO roadst
.
.
.
.
.
$402,980
.rSO.ooo
09,058
48,404
,10,155
$097,20,1
Northern._{
%
28.1,2.18
4,371
+ 125,000
1,159
4,374
1,159
—7,427
—7,800
—80,176
558
886
558
886
1,520
1,520
+ .174,558
4,298
4,117
+
earnings of the New York Trust Company, Otto
President, for 1906 were, according to a state¬
ment just published, $1,52Q,602, being over 50% on the
company’s capital stock of 83,000,000; 8090,000 in dividends
has been actually paid to the stockholders.
The quarterly
dividend was increased by the trustees from 5% to 8% in
December, a 32% yearly basis. On Dec. 31 the institution
reported surplus and undivided profits account at 810,941,994 52, deposits at 840,427,993 02 and aggregate resources
of 854,400,540 24.
Joseph'J. Slocum was this week elected
—The net
Mileage.
Gross Earnings.
Road.
Name of
T. Bannard,
! Inc. ( + ) or
1906.
Macon
64 ,967
304 ,092
86 2 ,090
Minn St P & S S M
•)
Mo Kansas & Texas
,319 ,014
3 ,927 ,000
Mo Pac & Iron Mt.
I 32 ,000
Central Branch
889 ,72!)
Mobile & Ohio
17 ,605
Nev Cal & Oregon
N V Cent A H ud Rivr
r8 ,062 ,111
N Y Chicago A St Louis
930 .741
5 ,768 ,287
Northern Pacific
Rio Grande Southern
54 ,435
979 ,856
St Louis Southwestern
35 ,529
Sierra Railway
135 .619
Southern Indiana
4 ,872 ,081
Southern Railway
!
123 ,741
Texas Central..
1 ,824 ,401
Texas A Pacific.
1 08 ,436
Toledo Peoria A Western.
327 ,347
Toledo St Louis A West
66 ,272
Toronto Ham A Buffalo.
76 ,941
Virginia Southwestern.
0
Wabash
,138 .617
396 ,490
Western Maryland..
498 ,085
Wheeling A Lake Erie
Yazoo A Miss Valley
977 ,796
.
_
.
.
_
..
Total 165 roads)
Net increase (5.64%)
83
+ 1,,694
■619
+ 96,,755
+ 5,,863
—3,,182
—69, ,658
+ 443,,329
+ 214,,000
—9,,000
+ 113,,4 1!)
,
,
+ ,449
+ 3 1 6 ,027
—48 ,464
+ 492 ,133
+ 1 ,144
+ 151 ,174
+ 7 ,117
+ 16 .247
+ 269 ,486
+ 18 ,694
-r 3
7 ,884
14,,156
7 ,746 ,084
979 ,205
.276 .154
53 ,291
828 ,682
28 .412
1 19 ,372
4 ,602 ,595
105 ,0 17
1 ,496 ,517
1 16 ,946
3 1 5 .4 17
68 ,456
O
-
—8
,485
,06 1 ,849
362 ,830
459 ,000
930 ,522
105
78
,745!
1
140
799
,152
3 ,072
5 ,949
388
926
144
3
3 ,774
523
r> .78 1
180
1 ,451
76
197
7
,551
277
1
,826
248
451
•>
105
78
1 ,745
140
j
|
!
88
88
13 1
,239
|
r> ,706
18)
1 .441
76
197
7 .200
277
1 ,826
248
451
2
.517
1
,210
477
4 98
+ 4,469 ,215 95 ,936 93 .553
1
,796 .332 7!) ,327 .117
j
,7/4 •
134
,517
1
523
536
498
1
:
1
799
1 ,842
3 ,043
5 ,849
388
926
144
•)
,510
+ 11 ,930
—2 ,184
+■4 59
+ 76 ,798
+ 33 ,660
+ 39 ,085
+ 47 ,274
76
0
1905.
1906.
$
$
13,,625
5,,067
•y
,026,,122
59,,104
307,,274
93 1 ,7 18
1 ,875,,685
3 ,713,,000
141 ,000
776,,310
.
.
Dec. (—).
1905.
5
15,,319
4 ,448
z2 1 22 ,877
&
Birmingham
Manlstique
Michigan Central
Mineral Range
Mlnneap & St Louis
a
trustee.
—A, D. Bennett, formerly President of the Commercial
j1 National Bank of Port
Huron, Mich., was recently chosen tc
;
,
pioneer Night A Day Bank of this city. The new
this-unique institution is well known to out-¬
of-town bankers, having taken an active interest in Michigan
banking affairs. His selection for the new .post is. consid¬
ered a good one.
The Night A Day, which inuagurated the
twenty-four-hour banking plan, was ope ire d last May and
has 82,500.000 deposits, divided among 2,100 personal de¬
j positors. Mr. Bennett, Carlcton Bruce and John C. Tom¬
head the
executive of
linson Jr.
Mexican Hoads (not included In tot als.
Interoceanic of Mexico
540,141
613,639
621 ,8 27
64 2.562
Mexican 1 nternntional.
Mexican Railway
562,400
607,000
Mexican Southern.
97,388
104,941
National RR of Mexico..
1,302,490 1,,296,998
+ 73.198
+ 20,735
+ 44 ,600
+ 7,5 5 3
+ 5,408
_
These figures arc an
x
[VOL. LXXXIV,
THE CHRONICLE.
134
736
736
91 1
321
884
321
263
263
1 ,730
1 .730
were
elected directors.
—At the stockholders’ meeting held this week of the Em¬
pire Trust Company of New York, Arthur 1’. Ilein/e and
,
Charles M. /Schwab
—Oscar
approximation only.
L.
were,
elected directors.
Gubclman, Vice-President of the Guaranty
New York, resigned this week to become
partner in the firm of Knauth, Nachod A Kuhhe. George
G. Henry, associated with the firm of Potter, Choate ik Pren¬
tice, bankers of this city, lias been elected as his successor.
Trust Company of
a
ITEMS ABOUT BANKS, BANKERS
AND TRUST CO’S.
—Tho public sales of bank stocks this week aggregate 2o
shares, of which 15 shares were sold at the Stock Exchange
—The Lincoln Safe
Deposit Company, affiliated with the
has acquired
Lincoln National Bank, 32-42 East 42d Street,
The transactions in trust com¬
and 10 shares at auction.
transferred this week for 8X3,000.
by purchase the entire business.and plant of fin American
Safe Deposit-Co., corner of Fifth Avenue and 42nd Street.
—Following the plan announced in this column last week
for consolidating the Colonial Trust Co. with the Trust Com¬
pany of America, the stockholders of the lalt( rd^ist^^hiesday elected as board members: John E. Borne, Anson R.
Flower, Stephen Peabody, Seth \Y. .Millikeii, Richard Delafield, Cord Meyer, Lowell M. Palmer and James \Y. Tappin,
William F. Sheehan,
all directors of the Colonial Trust.
Morgan J. O'Brien, Randal Morgan and A. I). Bennett
were* also elected directors of the Trust Company of America.
At the organization meeting of the board, Mr. Borne was
chosen chairman of the Executive committee: Frank L. Hil¬
—At the annual meeting of 1 he Philadelphia ClearingHouse Association last week, it was decided to have but one
and Carlton
A lot of 30 shares
stock was sold at
the price paid at the last
pany stocks reach a total of 02 shares.
of United States Mortgage A Trust Co.
475—an advance of 25
points over
previous public sale in June 1000.
Shares.
10 State
Bank...
..
..
Last previous
sale.
High.
Close.
183
184
18 1"
Jan.
1907—
183
325
»»2 f>
325
Jan.
1898—
115
Lnu'.
BANKS—AYhj York.
rrl5 Commerce, Nat. Bank of.
TRUST COMPANIES-—A'nr York.
12
50 Lincoln Trust Co
30
x
275
275
395
395 •
395
475
475
475
Lawyers’ Title Ins. A Tr. C 0. 275
..
TJ. S. Mortgage A Trust Co
Sold
the
at
Slock
...
q
Dec.
15)06—
280
Jan.
1907
595q
.1 otic
1906-—
-
450
Exchange.
—A Xew York Stock
Exchange membership was reported
day instead of two, this to lx* at 10 a. m. The
plan will be adopted February 1. On the same date
the plan of permitting trust companies to clear through
members of the Association will also go into effect, the chair¬
ing house having decided to accord the institutions that
privilege under the provisions mentioned in our issue of
November 24.
Francis B. Reeves, President of the C.irard
National Bank, has been elected President of the Association,
clearance
Secretary, succeeding Raymond J. f'hatry, resigned,
Mr. Hilton
Bunee, First Assistant Secretary.
has bct'ii associated with the present company-and its prede¬
cessors for t(‘ii years.
Oakleigh Thorne, President of the
Trust Company of America, with William F. Sheehan and
W. II. Chesebrough, were added to the directorate of the
Colonial Trust Co. at. the stockholders’ meeting this week.
John E. Borne, Perry Belmont, George Edvard Jde and
Henry N. Whitney, whose* terms expired this year, were re¬
ton,
a
new
to succeed the late John
been re-elected
H. Miehener.
:
elected directors.
—John 14. Scheldt- has been elected Vice-President of
-'John C. Boyd has
the
Williamsburg Trust. Company of Brooklyn Borough to re¬
place John W. Weber.
—Although Henry Dimso was recently elected Chairman
of tlie executive committee of the Riverside Bank, 57th
Street and Eighth Avempq In* continues as President of the
\Northern National Bank of this city.
Interests identified
with the Bank of Discount and those of Dm* Northern "Na¬
Secretary of the Association.'4
—The
Minneapolis Chairing House Association has fol¬
course taken some months ago,rby'?the Chicago
Clearing House and appointed a special Bank Examiner,
whose duty it will be not only to examine the members of
the Clearing House but also institutions enjoying its privi¬
lege. The Minneapolis association has chosen for the office
P. M. Iverst, who will resign as State PubliejBank -Examiner tional Bank acquired control of the Riverside Bank last week,
on
February 1 to take up his new work. •Minneapolis, in i j,-—At the annual meeting, the stockholders of the Com¬
point of volume of business through‘,its^Clearing House, mercial Trust Company, corner Broadway and 37th Street,
ranks twelfth in the United States.
ItsM>anks, in point of added Edward A. Kerbs of the New York tobacco house of
stability, conservatism of methods, Ac.,''stand in the front i Kerbs, Wertheim‘ A Shifter, to the board of directors. On
rank, and the present- action of the Clearing-House, with its j Jan. 1 the company reported 8°,829,875 deposits, the re¬
attendant results, should tend further loMncreaso i he pres¬ sults of the two months’ business since .November S, when it
R. R. Moore.' President, and his associates.
tige of the institutions. Mr. Iverst is particularly adapted was organized by
*
—The stockholders of the Rincoln National Bank of this
for the posh to which lie has been chosen.
He has served
for the past two years as public examiner, and previously ! city, at-their annual meeting on the St h inst., ratified-, a
was deputy under Examiner S. T. Johnson. * • Prior to enter¬
proposition to increase the capital from 8300 000 to 8500,000.
ing the Examiner’s office he was with the National German- The 2,000 additional shares are offered ratably, at par;* to
the shareholders.
For the purpose of enabling the share¬
American Bank of St. Paul.
holders to meet their subscriptions on the new stock, a divi—The appointment by Gov. Hughes of jCharlesMIallam
i dond of 66 2-3% will be declared on the 8300,000 capital,
Keep as New York State Superintendent of Banks was con¬
| out of the surplus au 1 profits, which'-aniounW^ about 1 ,firmed by tlie Senate on Thursday.’j,
g;J
lowed tlie
I
i
.
.
'
Jan. 10
1007.]
THE CHRONICLE
670,000, such dividend to be applied as payment for the
—John II. Emanuel Jr. has been elected
new
stock.
board of trustees of the
—The directors of the Union
have elected
William Ballin
a
of
Exchange Bank of this city
Vice-President and director,
Exchange, Mr. Ballin has resigned
was a
from the boards
member.
Langeloth, President of the American Metal Com¬
pany, was elected a director of the Corn Exchange Bank of
this city on the loth inst., the board thus being increased
from seventeen to eighteen members.
a
director of the
People’s Trust Company of Brooklyn Borough to succeed the
late Isidore M. Bon.
Douglas Alexander, President of the Singer Manufac¬
turing Company, has been elected a director of the Commer¬
cial Trust Company of New Jersey, at
Jersey City.
—
—At the annual
meeting of the stockholders of the Title
Company of this city, held on Tuesday
last, Henry Roth of Brooklyn and James H. Manning of
Albany, N. Y., were elected to the board. Mr. lioth is
prominent in real estate circles while Mr. Manning is Presi¬
dent of the National Savings Bank of Albany.
In view of
the fact that savings banks throughout the State are
large
purchasers of title guarantee policies, it was thought that
the banks general^ would welcome one of their men on the
board.
No change in the official staff occurred.
Home Trust
—William E. Harmon has been elected
—Jacob
Guarantee A Trust
Long Island Loan A Trust Company
Company of New York (Brooklyn
Borough) has added five new members to its board of di¬
rectors.
They are: Oswald G. Yillard, Carl L. Seliurz, A. E.
Johnson, A. R. Pardington and Benjamin F. Knowles.
fill the vacancy due to the death of the late David Wile.
In order to devote his attention entirelv to the affairs of the
of several banks of which he
member of the
a
Brooklyn Borough.
—The
to
Union
135
—At
meeting of the directors of the Marine National
Buffalo, N. Y., on the 12th inst., J. II. Lascelles,
formerly Cashier, was elected a Vice-President, and Clifford
Ilubbell, formerly Assistant Cashier, was elected Cashier.
The other officers continue as
heretofore—Stephen M. Clem¬
ent, President; J. J. Albright, Vice-President, and H. J.
Auer, Assistant Cashier.
a
Bank of
—The directors of the First National Bank of
Utica, N. Y.,
the 9th inst., elected Henry R.
at their annual
meeting on
January 1, the Coal A Iron National Bank of the Williams and Frank A. Bosworth as Vice-Presidents. They
City of New York, at Liberty and West streets, paid its first were respectively Cashier and Assistant Cashier, and Mr.
quarterly dividend of l}'o%, being at the rate of 6% per Williams for the present in addition to his new office will
year.
This institution, which only began business in April continue to serve as Cashier. The office of Assistant Cash¬
1901, lias now over $5,000,000 in deposits, while its resources ier is abandoned.
are about $7,000,000.
On its board of directors, which is
—Samuel IffEook has been elected President of the Pro¬
composed of thirty members, are representatives of some of ducers’ National Bank of
Woonsocket, R. I. Mr. Cook,
the largest railroad, banking and commercial interests in the
previously Cashier of the institution, is Treasurer of the City
country. The officers are John T. Sproull, President; A. A. of Woonsocket. Horace A. Cook succeeds to the cashierLisman and David Taylor, Vice-Presidents, and Addison II.
ship of the bank.
Day', Cashier.
‘
—Galen L. Stone, of Hayden, Stone & Co., has been
—Charles A. Conant, who became Treasurer of the Morton elected to the board of the
City Trust Company of Boston,
Trust Company of this city in February 1902 resigned the to succeed T. Jefferson
Coolidge Jr., resigned.
post on the 1st inst.
The office remains unfilled.
—'The merger of the Freeman’s National Bank of Boston
—Joseph J. Slocum, an executor of the Russell Sage estate, with the National Bank of the Republic, referred to last week,
has already been accomplished.
was elected a director of the
The quarters of the Free-,
Metropolitan Trust Company of
man’s Bank were vacated on the 12th inst., its business
this city on Wednesday to succeed
Henry CL-Perkins.
having been transferred to the National Bank of the Repub¬
—The stockholders of the Fulton Trust
Company of this lic. Edward P.
Hatch, President of the absorbed institu¬
city have elected the following trustees for the term ending
tion,
lias
become
a Vice-President of the continuing bank.
1910:
J. Roosevelt Roosevelt., Percy Chubb, Edwin A.
The latter will increase its capital from $1,500,000 to $2,Cruikshank, Henry K. Pomroy, Harrison E. Gawtry,
000,000 next month.
Alfred E. Marling, Richard H. Williams and Archibald D.
—The directors of the ^Ierchants’ National Bank of Phila¬
Russell.
delphia have .elected William A. Law Vice-President, suc¬
—John D. Barrett has been chosen to replace William II.
ceeding Hartman Baker, who declined re-election. Thomas
Moody on the directorate of the Columbia Trust Company W. Andrew has been chosen to till
the office of Cashier,
of this city.
Mr. Moody has become a Justice of the United which Mr. Law vacates. F. W.
Ayer continues as President
States Supreme Court.
of the bank.
—On
—John G. Hcmcrich, formerly Assistant Cashier of the
New Amsterdam National Bank of this city, was
appointed
a
Vice-President of the institution
on
the 12th inst.
—The Pacific Bank of this
city has declared the regular
quarterly dividend of 2% and an extra dividend of 2%,
both payable February 1.
The bank paid 8% per annum
for many years.
-—The directors of the Aetna National Bank of this city
at a meeting on Tuesday the 15th inst. decided to increase
the capital from $200,000 to $300,000.
Their action is
subject to the approval of the stockholders, who will soon be
asked t<» ratify the proposition.
The stock will be sold at
$220 per share, thereby increasing the surplus
$120,000, or
to
$280,000.
The bank began business in October 1904.
In its last statement to the.
had deposits of $2,056,224.
week
Frank
are
D.
Comptroller of the Currency, it
The
new
directors elected last
Huyler, William S. Pitcairn, Henry
Endemann and George Noakes.
—Frank II. Richardson, President of the Nassau Bank of
this city, died on Wednesday.
He was sixty-three years of
age and had been President of the bank since 189'8.
—At
a
meeting of the directors of the Manufacturers’ Na¬
tional Bank of
—The stockholders of the Frankford Real
Estate, Trust
Deposit Company of Philadelphia at their annual
meeting on January. 8 decided to make application to the
State authorities for permission to change the company’s
title to the Frankford Trust Company.
The company re¬
ports deposits on December 31 1906 of $1,831,714.
Itlhas
a
capital of $125,000, surplus and reserve fund of $125,000
& Safe
and undivided
profits of $11,825.
—At the recent
meeting of the directors of the Pennsyl¬
Pittsburgh, Col. A. S. M. Morgan,
institution since its organization* in? 1890,
vania National Bank of
President of the
declined re-election.
J. S. Seaman was elected*President.
II. M. Davis, formerly Cashier, was chosen Vice-President,
and S. M. Bauersmith was elected Cashier.
—F. E.
Mulkic, formerly State Bank Examiner, has been
Davis, resigned, as Cashier of the
Traders’ & Mechanics’ Bank of Pittsburgh, Pa. Controlling
interest in the bank is held by President James E. Glass, of
the Treasury Trust Company of Pittsburgh.
elected to succeed C. C.
—On the 2d inst. L. M. Plumer
of
the
was
elected Vice-President
Pittsburgh Bank for Savings at Pittsburgh, to
ltoseburg.
suc¬
ceed the late William
—At the annual meeting of the Maryland Trust Company
Brooklyn Borough, on the 15th inst., Alex¬
of
Seymour, formerly Vice-President< was elected
Baltimore, held on January 15, a dividend of 6% on the
President, and J/ Henry Dick was elected a Vice-President. preferred stock was declared for the year 1906. The follow¬
A. D. Baird is also a Vice-President and J. C.
Nightengale is ing directors were elected: Josiah L. Blackwell, G. Clymer
Cashier.
Brooke, II. Carroll Brown, John >W. Castles, Joseph R.
ander
D.
136
[VOL. LXXXIY.
THE CHRONICLE.
—The State’JAuditor of Illinois has issued a permit
Foard, B. Howell Griswold Jr., A. Barton Hepburn, Grier
to
Norman W. Harris and his associates in the bank¬
Hersh, John T. Hill, Ernest Hoen Jr., George C. Jenkins,'
Joshua Levering, Oscar G. Murray, Henry F. Shoemaker, ing and
bond house of N. W. Harris 6c Company
to
James Speyer and Douglas M. Wylie.
organize
the
Harris
&
Savings Bank.
Trust
The capital of the new institution will be $1,250,000
—-The directors of thejMaiyland National Bank of Balti¬
and its surplus $250,000.
As a result of the incorporation,
more on
Monday eleetedj|Thornton Rollins as temporary the
Chicago and Western business of the firm 01 X. W.
President, the office having been made vacant last month Harris &
Company will be taken over and will constitute an
through the death ofjjEdward H. Thomson. Cashier James
important feature of the new bank’s business activities.
C. Fenhagen was elected to succeed Mr. Thomson on the
N. W. Harris & Company will, however, continue their
board at the meeting on the Stli inst.
Herman S. Platt has business in New York and Boston as heretofore, the Harris
been chosen actingJVice-Prosident of the company.
Trust & Savings Bank working in close relationship with
—A spirited contestjfor control of the Third National Bank the firm.
Norman W. Harris will-be President of the new
of Baltimore occurredjat the annual meeting of the directors
corporation, and will have associated with him in its manage¬
on the 8th inst. between President Robert M. Spedden and
ment an able corps of assistants.
The board of directors
Oashier John F. Sippel.
President Spedden was the suc¬ has not yet been wholly decided upon, though it is said that
cessful contestant, and Jon the following day he was re¬ several
prominent banking, railway and business men of
elected to the presidency.
Robert H. Smith was at the Chicago willjfbe chosen in this capacity.
same time re-electedjYice-President, but no action was taken
—At the annual meeting of the Western Trust ex Savings
by the directors in the matter of the cashiership. On the
Bank of Chicago, all the retiring directors were re-e-lected,
11th inst. the resignation of Mr. Sippel was tendered, to take
and no change^was made in the official roster.
Fifty thou¬
effect on the 10th inst.
A. B. Crouch, formerly Assistant
sand dollars was added to the surplus account, increasing
Cashier, was chosen this week as Mr. Sippel’s successor.
that item to $250,000.
The remaining undivided profits
—On the 10th inst .’*the1|diroctors of the Canton National
are, in round numbers, $50,000.
The new location of the
Bank of Baltimore, Md., re-elected H. J. McGrath President;
Western Trust & Savings, in the Rookery, is proving ad¬
Charles B. Kendig]was elected Vice-President and M. Roland
vantageous, especially in the savings department. The
Bramble was chosenJCashier, the^last named succeeding John bank
is now fitting up handsomely the large corner offices
W. 11. Geiger, resigned.
It is understood that the elections on the second floor just vacated by John 0. Kir.g A: Co.,
of the President andjVice-President are only temporary, botlf
to add to its already spacious quarters.
having accepted thejoffices until suitable successors are se¬
—At the annual meeting of the stockholders of the Hiber¬
lected.
William H.jWhite, Paying Teller in the institution,.
nian Banking Association of Chicago, on the 14th inst., J.
was sentenced to fivejjyears’ imprisonment on the 3d inst.,
having pleaded guilty,'.it is said, to the charge of embezzling McKay, a member of the board during the bank's existence,
since 1807, retired.
He is succeeded by Julius Kessler.
$5,800 of the bank’s funds.
Other changes were the election as Assistant Cashiers of
—Rev. Isaac M. Mot ter was chosen to the presidency of
Jay A. Rigdon and John P. V. Murphy. The question of in¬
the First National Bank of Frederick, Md., on the 8th inst,
creasing the capital of the institution from $1,000,000 to
tiw new official replacing ex-Scnator Frank (’. Norwood.
$1,500,000, which has been under advisement, lias been re¬
-The new People\slState Bank of Detroit, Mich., repre¬ ferred
by the stockholders to the directors, -who will deter¬
senting a union of the State Savings and People's Savings mine the date and other details.of the issuarn’° oi the new
banks, commenced ^business on the Sth inst. The consoli¬ capital.
dation was ratified last month by the stockholders of the
—The officers, so far as chosen to date, for the new Na¬
two institutions.
Neither of the consolidating banks is
tional City Bank of Chicago are as follows: President. David
placed in liquidation. A charter for the new bank was
R. Forgan; Cashier, H. E. Otto; Assistant Cashiers, L. H.
taken out, and both institutions separately consolidated
Grimme and F. A. Crandall.
Mr. Otte, the Cashier, is now
with it, their stoekholers surrendering their holdings and
President of the Lake View Trust & Savings Bank of Chicago.
receiving in exchange a like amount of stock in the. new insti¬
For thirteen years he was connected with the Union National
tution.
The new bank starts with a capital of 81,500,000,
Bank of Chicago, of which Mr. Forgan was President.
As
surplus of $1,500,000 and total assets of $80,000,000. Its
an executive officer of the new bank he again becomes a close
list of officers wasjgiven in our issue of December 22. ' For
associate with Mr. Forgan.
Mr. Grimme, one of the As¬
the present, and until the State Bank Building can be re¬
sistant Cashiers, is at present with the First National Bank,
modeled to accommodate the business of the enlarged insti¬
where he has been employed for nineteen years.
Mr. Cran¬
tution, the former main offices of the two old banks will
dall comes from the Merchants’ Loan & Trust Company.
be maintained.
The control of the bank will be placed with a board of di¬
—It is considered likely that the well-known Chicago
rectors compost'd, thuslfar, of the following: Alfred L. Baker,
brokerage and bond house of Granger Farwell A: Co. will of Alfred L. Baker & Co.; Edward F. Carry, District Manager
soon
organize a trust company to take over the bond, for the American Car & Foundry Company; Ambrose Cramer,
banking and general financing departments of the linn, but trustee of the estate of Henry J. Willing; A. B. Dick, Presi¬
continuing the dealing in stocks under the present style and dent of the A. B. Dick Company; Stanley Field, Vice-Presi¬
management.
Mr. Farwell says he has for* some time been dent of Marshall Field A: Co.; F. F. Peabody of Cluett. Pea¬
canvassing such a plan, and has submitted it to many of his body 6c Co.;
Joseph Sehaff’ner,of Hart, Sehaffner 6c Marx; John
friends and associated capitalists, with the reciprocal assur¬ E. Wilder of Wilder &
Co., and David R. Forgan. The
ance that
they will gladly subscribe to :1s many shares of capital stock of the. National City Bank is $1,500,000, be¬
stock as may be allotted to them.
There will hence lx1 no sides a paid-in surplus of $300,000.
Its doors willjbe thrown
difficulty in securing $500,000 or $1,000,000 capital, as may open for business the first week in February.
be desired.
While the organization of this new financial
—At the annual meeting, Jan. 8, of the Wisconsin Trust
institution in Chicago is not a certainty, yet there seems a
Company of Milwaukee, Grant P. Stickney was made Treas¬
strong probability it will take concrete form before the 1st
urer of the company instead of Secretary,
as formerly, Fred
of March.
The name chosen will probably be the Farwell
C. Best succeedingjto the secretaryship, and R. L. Smith be¬
Trust Company, as Mr. Farwell will own the controlling in¬
Oliver C. Fuller was re-elected
terest.
Mr. Farwell has been prominent in Chicago financial coming Assistant Secretary
President and Frederick Kasten was re-elected Vice-Presi¬
circles for many years.
He served two terms as President
dent.
of the Stock Exchange.
He is now a director of that in¬
—The stockholders of the Fidelity Trust Company of
stitution, as well as of the Diamond Match Company, the
Pearson Lumber Company, the Pyle-National Headlight
Milwaukee, Wis., ratified a proposition on the 8th inst. to
increase
the capital from $125,000 to $250,000.
It was also
Company, the Utah Gas & Coke Company, University Club
decided to increase the board from seven to ten members.
and the Western Trust & Savings Bank. 4
These will probably be elected next month.
Bert McBride, formerly Secretary of the Security
—At the election of officers of the National Bank of‘Com¬
Trust Company of Indianapolis, succeeded on the 1st inst.
merce of Minneapolis on the Sth inst.,|A.‘A.
Gavin Payne, retired, as President j>f/lie V01npany.fi
rune was pm.
—
Jan. 19
1907.J
THE CHRONICLE.
moted from the eashiersliip to the office of Second Vice-Presi¬
W. S. Harris was in turn elected Cashier, and W. F.
Me Lane and S. S. Cook chosen Assistant Cashiers.
S. A.
Harris is President and F. K. Kenaston First Vice-President.
President of the National Bank of
dent.
Willoughby has been added to the list of officers
First National Bank of Minneapolis, having been
chosen as an Assistant Cashier at the recent annual meet¬
ing. The institution is shortly to take possession of its new
home, which will prove an addition to the fine banking build¬
ings lately constructed in that prosperous banking centre.
the
Bank of
directors.
—At the annual stockholders’
two
new
National
and
Cashiers.
Cashiers.
is of Corinthian
—The Swedish-American
directors
Bank
of
meeting
on
the Sth inst.
elected to the board of the Third
were
Louisville, Ky., namely W. N. Cox,
President of the Louisville Warehouse Company and Joshua
D. Powers.
The new members succeed J. W. Gaulbert and
Percival Moore.
John J. McHenry has been elected Vice-
building will be occupied exclusively by the bank. It
type of architecture, built of grey Bedford
The interior of the large banking room proper,
stone.
which is 100 by 150 feet, will be finished in Italian white
marble and mahogany, with solid bronze counter rails and
trimmings. The basement will contain lunch and reading
rooms for the staff, Ac.
Massive new vaults of the latest
model will also be added.
The First National has a capital
of §2,000,000, surplus of $1,750,000 and deposits of nearly
fifteen millions.
The re-elected officers are: F. M. Prince,
President; C. T. Jaffray, Vice-President; George F. Orde,
Cashier, and Ernest C. Brown and D. Mackerchar, Assistant
The
W.Va., will be President of
institution, and A. J. Clarke, President of
Wheeling, will be Chairman of the board of
the consolidated
--H. A.
of the
137
President of the institution
to fill
a
vacancy.
—Cushman
ville
Quarrier, formerly Comptroller of the Louis¬
RR., has been elected a director of the
National Bank of Louisville, Ky., to succeed the
A Nashville
American
late J. S. Bockee.
~)f the
bank, died
The
on
latter, who
was
also Vice-President
the 28th inst.
—The annual meeting of the stockholders and directors
of the Exchange Bank of Macon, Ga., held on the 8th
inst.,
resulted in the election of N. B. Corbin as Vice-President;
W. II. Burdick as Cashier (advanced from Assistant Cashier
'
Charles
P.
The
Bannon
and J. F. Minton as Assistant
board chosen consists of J. W. Cabaniss,
new
Minneapolis who was re-elected President; N. B. Corbin, E. S. Wilson,
recently increased its,surplus account to $300,000 through B. L. Jones, A. T. Small, W. R. Rogers, Sam Mayer, A. 1).
the transfer to it of $50,000 from undivided profits.
The Schofield, George R. Turpin, E. A. Waxelbaum, A. L.
bank has also raised its dividend rate from 0 to 8%
yearly, Adams and H. J. Lamar.
having declared a semi-annual dividend of 4% on Dec. 2$,
—On January 8 the stockholders of the Third National
against 3% previously paid. The bank has increased its Bank of
Columbus; Ga., gave approbation to a proposal to
rate of interest on
deposits from 3% to 3 L2 %. The institu¬ increase the capital from $200,000 to $250,000. The
tion has a capital of $500,000 and undivided
profits of close additional stock will be disposed of at $175
per share (par
to $50,000.
Its officers are: N. O. Werner, President; C. S.
$100) to present shareholders, the new capital becoming
Hulbert and J. A. Latta, Vice-Presidents; E. L. Mattson,
operative April 1.
Besides re-electing the old officers, the
Cashier, and A, V. Ostroin, Assistant Cashier.
board appointed W. II. Young an Assistant Cashier.
—E. H. Bailey was elected President of the First National
—111 the Third National Bank of Atlanta. Ga., Joseph A.
Bank of St. Paul, Minn., on tin1 8th inst.,
succeeding H. P. McCord, heretofore
Cashier, has been made active ViceUpliam, retired. The latter, who had hold the presidency
President; while Thomas C. Erwin has advanced from
National
Bank of
-
for twenty-seven years,-has been elected Chairman of the
board of directors.
E. N. Saunders has been chosen to suc¬
ceed Mr.
Bailey
as
Vice-President.
—The stockholders of the Stock Yards National Bank of
South St. Paul, Minn., on the 12th inst. voted in favor of
increasing the capital from $50,000
to $100,000.
—The directors of tlie Nebraska National Bank of
Neb.,
on
Omaha,
Lincoln,
the 8th inst. approved a proposition to increase
the capital from $300,000 to $400,000. The
enlarged capital,
on
which is in the nature of
a
stock
dividend, becomes effective
$100,000.
and reduces tin* surplus from $200,000 to
—The Bank of Richmond at
Richmond, Va., will increase
its capital from $800,000 to $1,000,000, the stockholders ou¬
tlie 8th inst.
having voted unanimously to this effect.
The
stock will be offered pro rata to present shareholders
at $110 per
share of $100. The bank’s officers, re-elected
new
for the
ensuing year, are John Skelton Williams, President;
Frederick E. Nolting, First Vice-President; T. K. Sands,
Vice-President and Cashier; H. A. Williams, Assistant Cash¬
ier, and L. D. Crenshaw Jr., Trust Officer. John T. Wilson
and Langbourne M. Williams are new directors on the board.
—The stockholders of the National Bank of
Commerce,
Norfolk, Va., at their'annual meeting January 8, ratified
the recommendation of. the directors to increase the
from $500,000 to $1,000,000.
capital
-00
—Arrangements have been entered into for the consoli¬
dation of the Bank of Wheeling and the National Bank of
West Virginia, at Wheeling, W. Va. If the
present plans
are carried to
completion, the Bank of Wheeling (capital
$200,000) will surrender its charter and transfer its assets
to the National Bank of West
Virginia. The stockholders
Monday next, the 21st inst.,
to act on a
proposition to increase the capital from $200,000
to $400,000.
They will also consider amendments to the
articles of association so as to permit an increase in the
number of directors and to
provide for the election of addi¬
tional (Officers.
It is understood that Earl G. Ogleby,
of the latter
are
to meet
on
The bank lias another Vice-President in
Atkinson, who was re-elected at the meeting on the
a
year ago.
H. M.
Frank
Hawkins is President of the bank and
Ralph W. Byers Assistant Cashier.
the 8th inst. promoted Lewis S. Reed from the
—The stockholders of the First National Bank of
at once
tors
10th insf.
eashiersliip to the vice-presidency, and elected W. E. Shep¬
ard, formerly Assistant Cashier, to the office of Cashier. C
No!).,
the
office of Assistant Cashier to that of Cashier.
Mr. McCord,
the new Vice-President, has been connected with the bank
since its organization.
He was elected to its board of direc¬
—J. W.
Keyes, until recently a Vice-President of the Union
Bank A Trust Company of Memphis, Term.,
A Planters’
has
been
Trust
elected
active
Vice-President
Company of that city.
the latter institution
are
of
the
Bankers’
The other Vice-Presidents of
R. E. L. Wilson and O. B. Polk.
The President is R. T. Fant.
—The
proposition to increase the capital of the Exchange
Spokane, Wash., from $250,000 to $750,000
was ratified by
the stockholders January 8. The selling
price of the new shares is $200, thus giving a surplus of $500,000.
The enlarged capital and surplus become effective
National Bank of
at
once.
—An
application to organize tfie Nevada First National
Tonopah, Nevada, was approved by the Comptroller
of the Currency on December 29.
The capital, $100,000,
we learn, has been oversubscribed.
New York capital is
interested in the movement, the applicants for a charter
being Malcolm L. Macdonald, Donald B. Gillies, Frank A.
Keith, C. C. Minzcsheimer and Leo Speyer. Jacob A.
Cantor, ex-Borough President, is counsel for the projectors.
A modern steel office building, the first in Nevada, will be
erected by the bank, which will cater especially to mining
interests in the vicinity of Tonopah.
—It was unanimously voted by the stockholders of the
First National Bank of San Francisco, at their annual meetng January 8, to increase the capital from $1,500,000 to
$3,000,000. The subscriptions to the new stock are to be
accompanied by a deposit of 25% of the amount subscribed
for; payment of the balance is required by July 15 1907.
Bank of
The articles of association were amended so as to increase
the board of directors from nine to fifteen members.
The
six additional directors elected
are J. K. Moffett, Cashier;
Walter S. Martin, J. II. Skinner, Assistant Cashier; Claus
Spreckels, George Whittell and Clinton FT Worden.
138
THE CHRONICLE.
CHICAGO
[VOL. LXXX1V.
STOCK EXCHANGE RECORD OF PRICES FOR
1906.
Continuing the practice begun by us two years ago, we furnish below a record of the highest and lowest
prices for each month of 1906 for all the leading stocks and bonds dealt in at the Chicago Stock Exchange.
In the compilation of the figures, which are based entirely on sale transactions, we have used the
report of the
dealings as given in the Chicago Stock Exchange official list each day.
CHICAGO
January.
February.
March.
April.
May.
June.
July.
August.
September. October.
November. December.
Low. High. Low. High.Low. High. Low. High.Low. High.Low. ilbgli.lMW. High.Low. High.Low. High.Low. High. Low. High.
Low. High.
RAILROAD STOCKS.
Aurora
do
Elgin & Chicago
pref.
Chicago City Ry
Chicago & Oak Park
do
pref
200
199
7
2534
Chicago Subway
Chicago Union Traction
50
.
11
do
pref
Kan City Ry & Light
do
nref
Metropol West Side Elevated
do
pref
North Chicago Street
Northwestern Elevated
do
pref..
South Side Elevated
Streets VV Stable Car Line..
do
pref
West Chicago Street.
103
198
7%
2S3s
0*2
25
51*2
123*
40
11'4
45
5412
_
88%
01
90
01
.
27
28
09*2
72*8
SO
SO
25*2
27%
05
95*4
29*4
07
97
30
98
50
99*2
54*2
”
8934
20*4
08
73
20
07
93
155
7*2
27*2
194
155
6%
23*4 20
22
50
44>2 50*2 50*2
13*4' o
13*4
5*2
45
18% 40*4 21
(58*2 02*2 04*4-61
0:U
7*4
.
99
45
155
7
25
<5
29%
71 *4
20
28
20
OS
00
09
80
'25
31
85
28*‘> 25
28*4 25%
07 " 05
08*2 00*4
95*o 94
95 * 89*2
30
28% 30*4
100
100
99% 101
00
00
23
28
100
34*4
77*2
0
G38
107*" 107*->
0*2
0*4
7
23*2
24
22
24
57*4 48
7
4%
59
0
41*2
4*8
573}
573: 39%
5*s
5*8
4
21
64
12*2
00
17
02
,13*4
S9
27*2 20*2
08*8 00*4
91
28
70
5634
88*2 8934 87%
20
20% 30
08*2 72
06*2
47
30
93*2, 89*4 90*2 88% 92
;■
28*2
155
34*4
77*2
35
63*4
31
24
00
95
89*2
20
100%
3 2 34
27
100
20
58
25*2 25
04*2 65
97
94*2
29*-> 2834
100
40
102
20*4
5534
46% 45*2
4%
434
15
02
49
28
08
99
0*8
5 's
20
5*8
17%
10
5834 55*2
89
80*2
58
28
27
70*2
00*2
23*2
41
20
38
20
00
95
98
90
30
68
41
20
00
98
30
29*4 27%
88*2 85%
29*4 28*4
28*4
99*o
30
99
99
29*4
33*2
25
102
38
8*2
0
04*4 55
04
51
121
130
117% 119
119
120
130
129
131
99
25
140
140
140
140
0
5*4
0*8
534
0*8
10
10
IS
17
18
54
49
50*4 54*2 50
.} to
5
4%
434
5*4
10 "
17% 20% 10*2 IS
02
03*-> 02
55% 05
27
07
34
20
88
27
85
25
87
07*2
0512
68*-*
203i
85
25
60
34
53
5*4
17%
03
80*"
27%
72*2
30
30
45
44'%
27
25*2 25*2 2434 20*4
05
00
02
04*2
98
91
94
90
92*2
29
27% 29*4 29*" 35%
99*2 99
99*2 99
101*2
30
29
34
30
32%
....
94
29
98
30
5
15
41
5
5*4
17
.
5%
16
50%
6
17*4
20%
00
85
25
03
40
42
85%
27*2
69*2 72*"
’
24*4 26
04
04%
90
90
3234 35
97
29
101
30
MISCELLANEOUS STOCKS
American Can
9*: 11%
9*2 11*8
do
pref
09
72
00*2 71*4.
Amer Pneumatic Service Co.
American Radiator
115
115
do
pref
130
130
American Shipbuilding
54
5731 50
57%
do
101
100*" 100
pref
100
American Straw Board
17
17%
Booth (A ) & Co
30
39% 39 - 40
do
108
108
pref
Cal & Chic Canal & D
04
04
Central Trust Bank
Chicago Auditorium..
10
10*2
Chic Brewing & Malting
do
pref
7
7
7
0%
—
do
20
20
120
125
o.j
108
17%
38%
do
pref
National
do
40
38
109% 100
28
19*2 20,
24*2
0*4
105
55
135
00
139
105
58
1 15
115
118
115% 110% 112
148
50
115
03
138
03*2
713
47
47*2
1
lit
»n
78
...
82
115*4
—
People’s Gas Light & Coke
47
'
2*2
00% 70%
113*2 110
.
07_
79%
Chicago Brew’g
.
129
132
117
00*4
110
81*2
115
120
130
7%
7*s
50*2 57
0
57*2 50%
108
28
38
37*2 40
112
....112
62
55
00
1083s 175
0*4
7
65 1 02
107% 107
24% 27
27
38*2 40
100
134
00*2 01
108 107
28
28
110
1131-110
111
58
58*2 58
58
38
108
8%
0*2
01*4 5534
7%
0*4
00% 54
7
57%
0
54
118
121
121
121
127
129*2 130 130 130
05*2 00
02*4 01*2 71*2 70
108
29
40
108
30
' 38
108
31
38
108
0%
6
50
53%
130
110
110
112
38
39
106
58.
38
38
100
57
57
58
140
148
0
142
49
50
120
111
115
109
5734
130
0%
57
130
128*2 1281"
74*4 771"
81
108
0*4
100*0145
100
7
7
3*2
145
50
101
49
105
103
238
59
124
115%100
120
1343)147
:
...
do
National
120
130
57*2 54
150
110
31
38
107
58
50
110
31*2
38*2
107
57-
58
no
114*2
54
00'
70*2
80
07*2
50
63% 50
47
40
2*2
2%
22%
2
2*4
23
09
22
118*2 115*4 117
115
00
71
90
120
80
no
03
89
95
122*2 119
Sears, Roebuck & Co
do
pref
50
122*2117
109% 100
149
130
142
138
140
143
150
54*o 4934 52
51
121
118
119*2115
109*2100*2 108*2108
52
120
49
119
121
387
387
118
—
118
110*2109*2 110*>110
49*2
125*4 118*2 131
123% 128
123*4 128
124*2 125*2 125
0
-
140
"
6
144
50
118
48*2
114
50*4
117
109% 108*2 110
12S*2121
125%
48%
48
49*2 47
49%
40*2
40
40*2
.85
44
55
45
48*2 43%
48*4 41*2
53%
40
47
2
22
47
47
40
47
47
48
48
40*2
00
OO
09% 07%
77*i
47
1%
21%
08
07
118*2 no
89*2
121
81
119
09
07
118*-' no
80**1: 85
121
115
118
117
119
85*o 88
115
119
88
119
73
110*2
92*4
981>.
70*4
75 *■»
1 IS*" no
SO
87
119
120
91
91
50
50
98
101*4 105*s 102*4 107*- 100% 109*2 104*2 108 104*2
do
rights
100
85
200
.'.'75
The Quaker Oats Co
1 TO
140
125
152*2 120
147*2 125
132*0115
do
pref
103
105
103
104
102
103*o 101
100% 102
do
rights
*2 131
United Box Board & Pap Co.
23*4
2
2%
2*8
2*»
2*,s
2
1%
1*2
do
pref
14*2 17*4 13% 10 . 13*2 14% 11*2 14
10
Western Stone
40
42
37*2 39
37*2 39*2 38*o 42
37*2
51*2
2
53*4
2%
1%
1%
1%
1%
21
22% 21*2
21*2 21
00
07*2 02
03*4 08*2 02*o
117
113*2 1 IS 11434 110*4 110
91
88
90
94% 90
89*2
122*2 119
120% 117
120*4 119
93*2 93*2 89*4 92*2 88"s
Swift & Co
0
145
242
120*. 2130
124*8 135
140
141
4%
4
l'fi
>le
do
128
7%
....
165
143% 146
pref
Milwauki
9%
7*4
66*2 58%
--
Diamond Match
do
rights
Masonic
55
100
10
0
Exchange Bank
57
109
10
100
Continental National Bank..
125
03*2 00
rights
Chicago Title & Trust.
7*2
00
00
102
159
Chicago National Bank
Chicago Pneumatic Tool
Corn
OS *4
....
_.
Chicago Edison
9%
9
00
59
79*o
85
112
117*2
86*2
117*2
57
03*2
107
102
105
102
92*" 95
92*4 94I0 92I" 95
10438 102*4 105*4 105*4 119*2 112
118*4 108% 114*4 107% 113%
130
130
139
130
135
105*2102*o 105
95
99
135
131
135
101*2 105
100
103*2 101*2 102% 100
130
101*2 103
130
138
131
130
135
136
101*2 99*2 102
-
-
MINING.
Adventure Con Copper
Allouez
Mining
Bingham Con Mining & S.
Black Mountain Mining—
Daly-West Mining
Hubbard-EHiott Copper—
North Butte Mining
Shannon Copper
0*2
G3.|
44*2
12*2
15*4
4434
85*4
85*4).
6
6*2
5%
0*4
30*2 30*2
35% 35%
10% 14*4
14*4 15*8
13
15%
-
1%
11~8
39
1*8
8*4
37
1%
1%
1*8
1%
10%
8% 10% 10%
3S34 29*2 30*2 32
29%
29%
0%
2
1%
12*2 10%
35
31*2
1%
12
34
2
1%
78
10% 12%
G78
31*2 32*2 30
l?8
11%
31*2
34
5*4
28
1%
73i
20
-
978
934
13
11%
9
1 15*4
10
7%
12
03s
7%
8*8
10*2
8*2
8
9*4
10%
15*4
3*2
—
•
4*4
3%
4*8
»4
438
10
10*4
1S78
20% 19*2 19%
4
4
7%
BONDS.
American Strawboard 1st 6s 100*2 10034 100
Aurora Elgin & Chicago 5s.
Cass Ave & F G (StL) 5s
102% 103%
1
Chicago Board of Trade 4s
Chicago Consol Trac 4!'as
100
-
Chicago Edison
deb 6s
104
1st gold 5s
Chicago Auditorium
1st 5s.
Chic Pneum Tool 1st 5s
80
Illinois Tunnel 5s
Kan City Ry & Lt Co 5s
Knickerbocker Ice 1st "5s
Lake Street El 1st 5s
Met W Side El 1st 4s
.
82*.,
100
87
90
55
102% 101% 102% 101% 101%
103
57
....
102% 102% 102
102
....
—
102
.'
!
80%
88
84
81
95
100
100
v
99*o
99*o
98
99*8
93% 91*2
93
SS
87*2 SO
94*4
88%
87*2
88
87%
90
90
94*4
95
89
100
99
99
87
83 lo
81%
99% 99*2
88
99% 100
85
S2
103*2 103' 103*2 103
93*2 91*2 91*2 90
99%
93% 94%
98*o
94%
S9
82
103
93
91*2
93*o
99*o
93*o
SO
94
99*o
98
93
99
88%
85
10538103*2 103*2
100% 100*4 100*4 100*4
88
102
9334
92%
93%
89
92*2
95
9934
99%„ 99*2
99
95*4
99%
96% 95*2
90
95
9I*o
92%
99
-
-
87
92
SO
92*4
94%
100*4
80
943s
97*2
94% 93lo 94% 92%
99% 97
97*2 90
100*2 100*0....
9934 99% 99%-.-99*;
....
1073}108
100
100
120
105*2 105% 1043j 105
1073|107% 107 107
105*4 105'7g 104*4 104*"
107
82
103
90
99
108
103% 103*2 103% 105% 103*4 103% 102*2 103%
1033) 1027s 103% 103
103
102% 102%
105
105*2 105*8 105*8 103*2 103*2 103*2 103*2
*
05 •
08
05
00*4
100
100
IOU4 100
100*2 SO
103
>
-
85
843,
95*2
84%
80
95*2
90*;
93%
90*2
87
88
90
90
....
95*4
95
82*2
102% 102%
91% 91
91*2 90%
84
S5% 85% SO
85*2 SO
92
91
95%
91
85*2
100
93*2
97
92*4
90
99%
99*2 99%
99% 100
100
93% 90-%
96
94
79
80
77
92*2 90%
91
94
9934 100
99% 100
....
90%
91
90%
91
93
94
90
90*4 91%
99
99*o
99
99*o
99
99
101% 1017S
107
107
106
104
100
104*2 104*2 104*2 105
....
104
103*o 103*0
75
81%' 81
....
97% 97%
99*4 99*4
95*4 95
92*4 91*2
S7
85%
81%
90
.
Chic Gas Lt & C 1st 5s..
Consumers’ Gas 1st 5s
r Mutual Fuel Gas 1st 5s...
South Side Elev 4,%>s
Swift & Co 1st g 5s
Union El’CLoopl 5s
United Box Board 6s
West Chicago St 1st 5s
Debenture 6s
Consol g 5s
West Div City Ry 4^s.
Western Stone Co 5s
81*o
90
99
*
82*o
102*2 103*4 103
90
100
100
120
5s
82% 81*o
103
92
98*2
-
79
94*s
57
100*2 100*2---101
101
100*2 100%
;
99
Refunding g4'^s
No Chic City Ry 4%jS
83*2
90
—
103
---
1st 5s.
g
55
103*2
105*2 105% 10534 105% 105
105% 104
91*2 93*2 90% 93*2 91*2 93
92
100
Extension g 4s
North Chic St 1st 5s
North Western El 1st 4s
Ogden Gas 5s
Pearson s-Taft 5 s.
4.40s
4.60s Series
4.80s Series
People’s Gas L & C 1st 6s.
102*2 102*2 102*8 102*4 102,.
101
90% 90%
87
5s.
99%
103*4 103*4 102*2 102*2
103
104
103% 103*2 103*2 103% 103
Commonwealth Electric
Refunding
99%
103
101
l_.__
81%
93%
82
94
,84
94
-
-
-
55
—
05*8
—
90
97
97
118
IIS
00
61
S9*2
07*2
0."
97
!- 1
00
05
70
70
90*o.
*9
00% 05*2
90
72*2
70
92
70
08
92
72
OS* 2
70
00
00
70
70
'
....
97
....
101*., 100*2 101
09
77
00
00
85
85
S7
i.
05*2
-
94
102
102
102
100
77 *
75
77*2 72
89% 95
72% 90
721° 72*2
69
09
78
70
723s 70
•-
65*2
97
77
90*3
102*2 102*2
104*2 105 104*2 104%
103*2 103*2
102
102% 102
102*" 102
102*4 102
102% 101
101% 101% 101*" 101
101 *" 102*" 101 % 102*2 101*2 101 *0 102*4 102% 102*o 102% 102
102*ol02
161*2 102 101*2 102 101*2 102*2101*2 101*....100
05
SS
90*2 89%
9212 92%
87
S7
87
-
Jan. 19 1907. J
THE CHRONICLE.
matter of
gtXouctuvylComwcvcialgugUsli|XcwTS
(From
our own
139
fact, it took only^half a~million sterling.
Up to
the present it has taken none in the new
year; nor is it ex¬
pected that it will take much. At the outside it is believed
that it will not take more than a million
sterling. Never¬
correspondent.)
theless, it is quite possible that banks engaged in the Brazilian
London, Saturday, January 5 1907.
On Tuesday the Stock Exchange was closed, but on
AVedne'sday business opened very cheerful, and there was
more buying than for some time past.
On Thursday there
was somewhat of a setback, partly
owing to realizations to
secure profits,, but largely owing to rumored difficulties in
trade may send out gold if rates decline here, for in that case
the operation would be profitable.
It is impossible to esti¬
mate how much gold will be required
by Argentina.
The
best opinion is that it will not be large.
Nor is it possible
to estimate how much will be
required by India. The belief
is that India will not “ear-mark” much more than a million
sterling—at the outside
not more than two millions
sterling.
position to supply all these de¬
England even may be able to
strengthen itself.
If*1
they have a momentary effect. Yesterday there was an im¬
The India Council offered for tender on
Wednesday 120 lacs
of drafts, and the applications amounted to
provement and the tendency continued good all day.
nearly 6G9 lacs,
at prices
In Paris, likewise, there is a decidedly more
from Is. 4I^d. to Is. 4 3-16d. per rupee,
hopeful feeling. Applicantsranging
for bills at Is. 4 3-32d. and for telegraphic trans¬
Not only is it believed that external peace is assured
during fers at Is. 4 5-32d. per rupee were allotted about
82% of the
the new year, but the manner in which the clergy have
sub¬ amounts applied for.
The following return shows the
mitted to the enforcement of the
Separation Law has re¬
position of the Bank of
stored confidence and created a very much better feeling England, the Bank rate of discount, the price of consols, Ac.,
compared with the last four years:
than has existed for a long time.
There is,therefore, a very
1907.
1900.
1905.
190-1.
1903.
considerable amount of speculation in Paris, and not
Jan. 2.
Jan. 3.
Jan. 4.
only
Jan. 0.
Jan. 7.
£
£
£
£
£
has there been more French buying here this week than for Circulation
29.044.200
29.349,550 28,007,723 28.914,870 29.187.070
Public deposits
'
8,988,888
9.559.008
12.300.448
some months, but also the French banks have increased the
7,909,712
10.131,493
Other deposits
49.733.059
50.100.172 47,440.770 44,010.954 41,072.904
Governm’t securities 17.458.516
balances they are employing in London.
17.388.832
20,409,872
22.234,784
24.040,005
At the monthly Other securities
39.575.008
42,390,444
30,420,181
28,313.795 29.024.846
liquidation in Paris this week, the “bu 11J' account was found Reserve,notes it coin 19.088.580 17.849.043 20,951.807 19,531,203 19,094,594
CoinA-bull. .both dep 30.282.840
28,748,593 31.189,532 29,990,093 30,707.204
to have been largely increased.
Rates in consequence were Prop, reserve to liaf-.tr-i,
bilitles.
p. c.
33Lj
29J|
34 15-16
37H
fj 38H
higher than for a long time past—about 5 Li % 111 the official Hank rate
p. c.
0
4
3
4
•'
4
Consols, 2>5 p. c—
S9 3-10
8034
88 9-10
87 5-10
’
market and about 7% in the outside market.
93K
It is believed Silver
32 7-lGd.
30d.
28 8-l(id.
20 13-10d.
22 5-lGd.
Clear.-house returns 331.213.000 340,200.000 270,940,000 240.907,000
that the speculation is not a very strong one.
220.418.000
But money is
The rates for money have been as follows:
so plentiful that no ill-consequences are
anticipated.
Jan 4.
Dec. 28.
Dec. 21.
Dec. 15.
In Germany the pressure for money at the end of December Bank of England rate
o
0
0
Open Market rate—
was as great as had been
Hank bills—3 months
anticipated. The note circulation
5 @5 1-10 5X @57$
5 1, )-16(5.G
54 <554
—4 months.-...
4
54
of the Imperial Bank rose to over 88^4 millions sterling, while
5*4 @G
54 <2-54
—6 months
4!9i (ii4!£
5
44
44
Trade bills—3 months
the total gold held was 88Ji millions sterling.
5.4 (a 54
0
0(504
6
The note cir¬
—4 months
0
54 @5?4
0
54 m
culation exceeded the legal maximum by nearly 28^4 millions
Interest allowed /or deposits—
joint-stock banks
4
sterling. In other words, the Bank had to pay the 5% duty By
By discount houses:
New York.
It is
If that be so, London is in
mands and the Bank of
not easy
to ascertain how the rumors are
set afloat, but some .of them are manifestly absurd.
Yet
a
r
.
on.the latter amount.
It is not feared that there will be a
further advance in the Bank rate, but it is quite possible
that the reduction of the rate may be postponed.
The great
increase in the circulation is due in no small degree to the
-fact that the Imperial Bank has to finance the
Imperial Gov¬
ernment.
There is a large deficit which will have to be cov¬
ered by loans.
But the Government does not choose to
bring out
a
public loan for the time being.
At call
7 to 14
little decline in
44
44
4.4
44
4 4
44
The Bank rates of discount and open market rates at the
chief Continental cities have been as follows:
Jan. 5.
Bank
Open
Rate. Market.
3
3
Rates a/
Interest at—
Paris
Berlin
It requires the
Imperial Bank to finance it. In spite,.however, of the great
stringency shown by these figure s, there has been exceedingly
4li
4.4
days
7
7
7
5
4
Hamburg—
Frankfort
Amsterdam
Brussels
Vienna
.-St. Petersburg
Madrid
„
54
54
54
4H
34
44
Dec. 29.
Bank
Open
Rale. Market.
3
3
7
54
7
54
7
54
5
5
4
34
Dec. 22.
Bank
Open
Rate. Market.
3
3
0
54
0
54
0
54
5
4
4
Dec. 15.
Bank
Open
Rale. Market
3
3
0
54
0
54
0
54
5
44
4
34
4
34'
quotations upon the Bourse. The public
44
44
44
44 4 7-10
44
44
clings to its holdings, believing that trade is so good that
74 noin.
74 nom.
7 4 non).
74 nom.
there must very soon be a marked rise.
44
44
44
4.4
44
44
44
44
6
0
6
6
0
0
0
0
Here at home the general feeling is hopeful; but there are Copenhagen
Messrs. Pixley A Abell write as follows under date of
doubts regarding the situation in New York.
As far as can
January 3:
be ascertained here, there is no foundation for the rumored
GOLD.—There was again no competition for gold in this market, and tlie Bank
difficulties.
Still people are afraid to engage in new risks
of. England lias been able to secure practically all the arrivals, amounting to over one
until they are assured, firstly, that no gold will be withdrawn
million sterling.
The Bank of England has bought £ 1.858,000. In whim is included
from London for New York, and, secondly, that money will £993,000 in bars, £015.000 from France; while £ 1,000 (TO is withdrawn. £1.000,000
of which is "earmarked” Indian gold.
Next week we expect £270.000 from Sou til
soon begin to return from the interior in
large amounts. If Africa. Arrivals—Cape, £G6.0(’h: Di'-traila. £1‘’5,000; Bombay. £4.000; total.
there is a return of ease in New York, and the market recov¬ £995,000. Shipments—Boo i>.>\ t‘ ,_(ju: Calcutta,£25,000; total,£51,200.
SILVER.—Holidays have interfered with general business, but in spite of this
ers, there will in all reasonable probability be an increase of
the tendency has remained good and we are l-10d. better on the
week at 32
activity here in London,-for there is no question that both The Indian Bazaars quote Rs. S2V, without, however, sending any orders.7-10d.
Ar¬
rivals—New
Turk.
on the Stock
£205.000; China, £111.090; total, £310,000.
Shipments—Bom¬
Exchange and in commercial circles credit is bay, £202,000: Calcutta,
£100,000: total. £302,000.
perfectly sound here! and business is kept in check solely
MEXICAN DOLLARS.—There have again been a few transactions in
dollars at
by the four of large gold withdrawals.
thcirmclting value. Arrivals—New York, £9,000. Shipments—Bombay,£36,200.
Since the new year set in there has been a sharp decline in
The quotations for bullion are
reported as follows:
rates for money.
Indeed, yesterday bills were taken in some
GOLD.
Jan. 3.
Dec. 27.
SI LV Ell.
Jan. 3.
I)<c. 27.
cases under
Standard.
s.
d.
d.
S.
d.
!
London Standard.
d.
0%. For the moment the supply of money in BarLondon
gold,
oz
77 9
fine,
77
9
|
Bar
.32
silver, Hue, oz
7-10
32**
the open market is very large because the Bank of England IT. S. gold,
oz
70 4
70 4
1 ** 2 mo. delivery, oz -32 >.4
32 7-10
lias discounted bills on an immense scale, and because,
Icrmati gold coin, oz.
70
1
76
4
35
! Cake silver. oz_.
34 15-16
76 4
i Mexican dollars..... .nom.
nom.
furthermore, the Government has disbursed very large sums French gold coin, oz.. 70 4
Japanese yen, oz
70 4
70 4
i
at the end of the year.
On the other hand, the market owes
The following shows the imports of cereal
produce into
to the Bank of England over .3 millions sterling and will have
the United Kingdom during tin4 season to date
to repay the amount very soon.
compared
There is to be set off against with
previous seasons:
that, however, the fact that the Bank on Monday will pay
IMPORTS.
very large sums as interest on the National Debt.
There is,
Eluhtan weeks.
1900-07.
1905-00.
1901-05.
1903-04.
....cwt. 29.331.700
therefore, a difference of opinion- as to whether the repay¬ Imports of wheat.
30.522,500 37.908.100 33,007,203
-
.
.
-
.
<
-
.
.
.
.
■
■
,
the Bank or the disbursements on account of the
Government will have the greatcr effect.
It is possible that
there will be ease for a week or two.
But the collections of
the revenue will now be on an enormous scale, and very soon
so much
money will be transferred from the open market to
the Bank of England that the Bank will again have complete
ments to
control, the
particularly as it holds a very considerable
falling due this month and next month.
The general expectation is that the 6% rate'will be reduced
if case returns in New York and the danger of gold
shipments
amount
more
of bills
to New York ceases.
will be reduced below
But it is not
expected that the rate
5%. Assuming that there are no gold
shipments to New York, the general belief is that a 5% rate
will suffice and that we shall be able to supply-the demands
of Brazil, Argentina and India.
How much altogether will
be required is not known'.
In December it was expected
that the Brazilian Government would take TS00.000.
As
a
Barley
OatsPeas
BeansIndian corn
Flour
10,555,300
4,217.100
8.31.310
435,720
17.090.000
5.250,100
'-
11.114.000
4,092.100
800,495
413..X20
15,002,500
5,359.500
10.744.000
4.0.30.000
820.101
051.101
15.032.957
5.882,105
15.337.100
974.659
947.248
10.911.819
4.359,120
8,702,280
Supplies available for consumption (exclusive of stock
September 1):
1900-07.
Wheat Imported-.
Imports of Hour
Sales of home-grownTotal
Average price wheat, week
Average price, season
1905-00.
5.250.100
.10,959,007
30.522,500
5.359,500
14.837,411
1901-05.
37.908.490
.4.359.120
6.532.091
33.007.203
8.702.280
7.508.124
-45.540.S07
50.719.411
48.859.911
49.337.007
20s. Od.
20s. 3d.
28s. 3d.
27s. 9<1.
30s. Id.
30s. 2d.
20s. 3d.
20s. lid
cwt.29.331.700
.
The following shows the quantities of
maize afloat to the United Kingdom:
Wheat
Flour, equal to
MAize
on
This week
1.643.000
177.000
700.000
qrs-
qrs.
.qrs.
Last week.
1,093.000
197.000
785,000
1903-04.
wheat, flour and
1905-00.
1.740.000
270.000
500,000
1904-05.
2.465.000
1 10.000
680.000
140
THE CHRONICLE
so
The
at London
daily (*Ios'ng quotations for securities,
reporter! by cable have been as follows tlu past w( ■ek:
'
London.
Week ending Jan. is.
Silver, per oz.
Consols, new. 2'■>
.
M tor account
French Rentes (in Par.)
fr
.
123
15
//Anaconda Mining Co
Atchison Topeka A Santa Fe 109,'
123 V
15',
1 10-,
105
4
104
122'2
Chesapeake A Ohio
55'
■
Chicago Croat Western.
Chicago Mihv. A St. Paul
17'2
17*4
.
.
190',
Denver A Rin < Iraiaie.
1
com
Preferred
Erie,
1 st
2d
-
2
common
13',
preferred
preferred
77
.
♦ iS
..
Illinois Central.
Louisville A Nashville
173
147',
Mexican Central
27
Mo. Kansas A Texas, com
11
Preferred
73'-.
National RR. of Mexico
oov
N. Y. Cent. A Hudson River 137
N. V. Ontario A Western
17*4
Norfolk A Western, coin
93'4
Preferred
93',
IsO'-..
Northern Pacific.
701 *
//Pennsylvania
a Reading Co
70
47
nFirst preferred.. •
//Second preferred
4S‘29'
Rock Island Co
95 V
Southern Pacific...
32'..
Southern Ity., common.
Preferred
94
Union Pacific, common
184'...
Preferred
90
U. S. Steel Corp.. common.
5()11
109'-)
Preferred
Wabash
1.8';
Preferred37
Debenture “Bs"
78
.
..
.
..
..
..
.
.
.
.
.
.
.
.
.
.
Price per share.
20 3 4
41'
73'
a
135'2
47'-.
93
,
92
I til
70
47
-is'.;
30
Fri.
314
S7 1-10
•8, 4
95,00
7.8 h.
st; 15-It
■87 1-10
94.80
7s
1
14'-.
109
.
104'-,
122
90!-.
195-4
54
17 4
159
41
85
411;
77
07
172
1 4(j
27
60 J 2
134
104
924
93
094
70
08
10'2
40'-,
4
404
4S
294
30',
98*,
33',
9,8'2
324
98 7
32L
974*
29*,
93'
94
94
.8,8
k
1S14
ISO's
90
96
1.81,
90
18'2
1,8
37'2
IS'-.
3s
78
7S
37
78
37 4
7s
,
18'.,
104
122 4
90
190
54
17
159 1
40
,84'
Feb.
(No. 17)
..
1
.
3
2
3
Canada Southern.
Central Railroad of New Jersey (quar.)
Cltve. Cin. Chic. &■ St. Louis, common
Clev. Cin. Chic. A St. L., pref. (quar.)..
j
10 4
754
40',
72
00
131
1
1
1
40'-,
28 4
974
i Jan.
u
3
!
•4
;
•»
3'
(i
«)
.
4
1
4
4
•>
*>
*2
2 1 ■W
.
*
Street Rai|\va>s.
Columbus Ry., pref. (quar.)
Detroit United Railway (quar.)
East St. Louis A Suburban pref. (guar.)
(irand Rapids Ry.. pref. (quar.)
Helena (Mont.) Light A Railway, com
494
1084.
10 4
34 4
78
i
Feb
1- et>.
Feh.
4
Feb.
,
Ian.
leia.
1 >
1 *4
p
11
.
1
11
Preferred (guar.y
'.
S3
Houston (Texas) Electric Co., preferred.
83
Jacksonville (Fla.) Eler. Co., com. A pf
1 '
Mihv.Elec.Ry.&Lt.,pref.(quar.)(No. 29)•
21
Street
Montreal
Railway (quar.).
I*
Philadelphia Co., common (quar.)
1 ■
Spokane A Inland Empire RR.. pref
b£ sterling
United Traction (Pittsburgh), preferred."
Wist Penn Rys. pref. (Pittsburgh) (guar )
FOREIGN TRADE OF NEW
YORK—MONTHLY
STATEMENT.—In addition to the other tables given in
department, made up from weekly returns, we give the
following figures for the full months, also issued.by our New
Feh
,
l-’eb.
Ian.
Ian.
Feh.
»
1
Extra
Extra
.
.
....
05.-li4.702 00.7S7.010
January..
February.
March
03.0J4.102 00.1S3.430
67.054.570 70,540,001
05.427.317 58.243.120
01.4S3.930 55.203.731
59.275.73S 50.092.405
02,079.920 51.1 SO.S94
02.1S2.900 51.2US.572
April
May
June
July
..
.September 5S.044.l4S
5S.l43.2S5
October
09.5l3.9S0 OS.407,750
November' 70.307,143; 5S.7S5.SS3
December
S3.S75.573I 02.os i.uoj
...
789.494.035
Total
4S.721.595
53.2S7.747
51.740.5S0
52.512.S05
49.134.772
44.001.047
50• 153.299
49.03S.991
55.058.S40
S
s
IS.703.721- 15.S4S.900
16.322.54S 14.597.442 I
1S.03S.705 15.7S1.790 I
15.191,359 12.530.157 i
15.243.9S7 12.090.300 i
15.419.921 13.142.232 i
17.955.839 14.53S.SS0 |
19.OS 1 ,S2s 17.507.2S3 ;
17.101.SOI 17.030,037 i
1S.940.43S 17,.809.507 |
52.503.12S
50.593.921
17,792.149
15.ss3.305
19.60S.553
10.255.sst
59,000,1 12
50.931.135
13.933.415 022.495.597
559,OSS.703.209.000,909 1 s.3,0s 1.855
Gold Movement at New
1906.
January
...
February
..
March
April
May
June
1900.
1905.
1
August
September
October
November
December
.
—.
-.
.
1905.
$
S
S
314,196 1.043,875 15.068.907
14.647.030
2,589.500
610,959
134.040 2.292.099
3,333.176
1.136.912
11.806,808! 1.151.489 1.158,001
115.739
732,500
267.609
29.455.503
43.400 3.90S.573
703.140
069.438!
1.041.294
38.982
469.424
4.117,352
127.900
24.929
413.224
1.330.277!
285,100
70.248
1,881.931
25.822.5741
95.320
203.343
17,320.1711 7.455,721
173.000
39.031
201.710
625.0281
282,370
865.111
377.127
1.380.413
$
290.015
266.134
1.099.643
-
July
Total
1
Silver—New York.
York.
Exports.
Imports.
Month.
94.813.416|
Imports.
Exports.
1906.
1900.
s
S
577.062; 7.120.032
300.429 5.054.276
281 .3341 3.S32.597
224.365' 3 *,754,29s
300.832 5,175.142
201.920; 4.04S.771
270.089: 3 .S22.72S
380.662, 3.768.442
334.834 3.326.881
323.085, 2.117.519
525,570 2,607,4(51
7.31.82 1 3.251.168
17.299.730 6,944,166 39.174.850 •l ,575,618 17.394.715
,:rzr
.
other securities the following, not
regularly dealt in at the Board, wort' reeently sold tit auction:
By Messrs. Adrian II. Muller A Son:
Auction Sales.—Among
Stocks.
Stocks.
.
325
10 State Bank
so Lincoln Trust Co
395',
30'U. S. Mtge. & Tr. Co
475
10 Joseph Dixon Crucible
12 Lawyers’Title Ins. A Tr.Co.275
.
Co..409*4
15 Hackensack (X. J.> Tr. Co 303 y.
23 United Bank Note Corp. pf.
and $16.67 scrip, $50 each
$52.75 per sh.
meilyan’Ote d ('appt
weekly
We have changed the method of making up our
list of dividends.
Heretofore our record has included only
the dividends announced each week, but for the convenience
of our readers we now enlarge the scope of the compilation
f'eb
Feb.
21
Fe U.
Feb.
>
|
Fe h.
On
1037
r (guar.)
Of
of
ree.
rec.
to
to
to
of
ree.
31
31
1
15
21
Jan. 21
Jan. 20
Feb. 23
of
of
ree.
rec.
to
of
rcc.
to
of rec.
of
21 Dec. 29
1 Jan. 22
1 H 0I1U rs
1 H oftft rs
ree.
to
to
Of
of
rer.
r< e.
1 Jan.
1 1 Ft h.
to
19
2
to
Holders
of
ree.
15
1 Holders of rec.
1 Holders of rec.
!) Holders
Of
15 Holders of
rec
rcc.
Jan. ill//
Jan. 12
Feh. 20
Dec. 31
Feb. 12
Jan. 19
Dec. 31
Jan. 21
Feb.
1
Feb.
1
Feb.
1
Feb.
1
Feb. 10
Feb. 5
Jan. 10
Jan. 15
Feb. 20
Feb.
5
of
rcc.
to
Of
rec.
of rcc.
to
to
of
rcc.
of rcc.
of rec.
Of
ree.
of ree.
to
of rec.
Jan.
Feb.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan
15
5
15
15
31
31
15
15
19
11
20
10
1
la
Feh.
Jan. 31
Jan. 31
1 Jna.
1 Jan,
1
/
10
to
10
to
1 Jet a.
1 Jan.
1 Jau.
20
to
17
to
29
to
J'irt. 30
Feb. 1
Feh.
1
(Inn.
3
.....
If.
i
! Fell.
! Feb.
;F,F
I
1
I 1
i 1
I 1
■F,/..
< Feb.
j
1
1
<
_
I
IV
*>
!
1 L
1 '
Preferred (quar.)
du Pont Intermit. Powder, pref.. extra
Edison Electric III. (Boston) (quar.)
Electric Bond A Share, pref. (quart
Electric Company of America
.
.
Fairmont Coal.
l
‘J
..
1
First preferred (quar.)
Second preferred (quar.)
Strcet’sWest .StableCarLIne .com. (quar >
Tamarack Mining.
!
Tenn. Coal Iron A RR. Co., com. (quar.)
Preferred (quar.)
Torrington Co., common
Trenton Potteries, pref. (guar.) (No. 36)
United Copper, common (quar.)
,
Common, extra
U. S. Cast Iron P. A Fdy., com. (quar.). ■
Preferred (quar.)
United States Rubber, old pref. (quar.).
.
.
...
.
J
Transfer books not closed,
nor
S3
i
2
4
•->
Iv
*4
r
First, preferred (quar.)
‘
Second preferred (quar.)—
— j
Vulcan Detinning. preferred (quar.).....
Western Telephone A Telegraph, pref
d Ninp
'4
IV
12
cent
1
IV
>■)
2
1 V
IV
■
ree.
la
hi,.
Ian.
cb.
2 1
Meh.
Ian.
Feb.
Feb.
15
>
Ian.
Fe l
28
Ian.
Feb
Feb.
Feb.
Ian.
Ian.
Ian.
Jan.
Feh.
Ian.
Feb.
Feb
Fob
Ian.
Ian.
Feb.
Feb.
Feh.
Ian.
Jan.
Jan.
Meh.
Meh.
Jan.
Jan.
Jan.
Jan.
Feb.
Ian.
8
1 Jan.
25
15
I
1
:,i
12
I
1
•
_.
of rer.
of rer.
to
Fel*.
Feb.
..
of
Haiders
25 Ian.
20
•
Holders
I
heh.
1
15
19
Melt.
6
hill.
Ri.
Holders
11 ('Idol’s
Ian.
17
Holders
Jan. 27
I loldors
Jan. 11
1 loldors
Jan. 22
Holders
20 Holders
1 Ian. 22
1 Holders
1 Holders
25 Holders
29 Holders
29 Holders
22 Jan.
9
~T //aide rs
24 Doc. 29
16
1 Jan.
1 Jan. 16
Jan.
16
1
25 Jan. 13
24 Dec. 28
1 Jan. 12
1 Jan. 12
1 Holders
25 Holders
30 Jan. 17
30 Jan. 17
9
1 Feb.
9
1 Feh.
31 Holders
31 Holders
31 Holders
19 Jan. 10
1 Jan. 20
in
Jan. 24
Jail.
Feb.
to
10
Haiders of
13 Ian. 27
FA./'in. 27
16
to
to
1
Feh.
Feh.
to
,
Haiders
25
.
..
I
Ian.
IV
1 V - Feb.
Feb.
34
Harhison-Walkor Refract.. pref. (quar.)
International Nickel, pref. (quar.)..
Inter. Smokeless P. &Ch..com. (extra):
l V
lilt. Steam Pump, pf. (quar.) (No. 3.1)
>
La Belle Iron Works
S
Stock dividend
...
1V
Michigan State Telephone, pref. (quar.)
82
Minneapolis Ceneral Electric, common..
S3
Preferred
82.25
Monongahela Riv.Cons.Coal A Coke, pf
Sin
Montana Ore Purchasing (quar.)
5
Extra
New York Air Brake (quar.)
j 2
•S2.50
Omaha Elec. Light APower. preferred
.!
SO
Osceola Consolidated Mining.
1
Pacific Coast Co., common (quar.)
■
12
12
15
13
20
31 da a.
Feb.
1'4
O 1.
to
to
Jan.
Holders of rer.
to
Ian. 30
/,<
.Ian. 20
to
Feb.
9
to
21 Dee: 27
1
T5
[
1
25
Fete
Feh
1*4
3',
IV
Dominion Coal. Ltd., preferred
(E.I .RhiPont de.Nem'rsPow..com.(quar)
V>'d
Feh.
fee
i / 'U,
'
1
.
.
hill.
•
I
Ex era
Consol. Ice. Pittsburgh, pref. (quar.)
Distillers’ Secur. Corp. (quar.) (No. 17/
a
22;Ian.
! hilt.
1
1
..
..
hill.
I Feh.
American Cement (No. 15)..
Extra
.4 merit an ('hide, coo,man (monthly)
Amer DUt. Toleg. of N. J. (quar.)
American < ilue. prefer,'(>(1
American < inphophone. pref. (quar.)
American Light ,(■ True
cam. iguttr.)
Prtjerr.il (gnnr.)
American Locomotive, common (quar.)Preferred (quar.)..
American Writing Paper, preferred..
Bethlche'm Sh< 'Cory., pref. (guar.)
Cambria Sled
Central Dist. A-Printing Teltg (guar.).
Chicago Pneumatic Tool (quar.)
Consolidated Cor Heating
Consolidation Coal (guar.)
......
h.
25 dan.
25 dan
24 Ian.
241 Jan.
2(' I Ri h.
F,/-.
.
Extra
.
DIVIDENDS.
1
gold and silver for tin' twelve i
imports and exports of
months have been as follows:
Thu
to
28
2s
Miscellaneous.
.4
$
42.50S.000
3S.1S0.015
47.2S9.02G
49.178.417
42.305.553
45.901.192
40.1S3.4S4
48,S 1.5.390
45.900.930
49.2Sl.991
57.601.992
Of ree.
l
8
Fire Insurance.
1905.
1900.
1905.
,
s
S
$
AugU3t
1906.
3
1
3
.
Pheyi.r. Brooklyn (guar.) (No.
Exports.
1905.
.
Feh.
Feh.
1
Trust Companies.
Hamilton, Brooklyn (guar.)
Customs
Receipts
at New York.
.
Imports.
,
1
2
.
Month.
11
Twenty-third Ward
the total
Customs re¬
covers
Merchandize Movement to New York.
,
.
Lawyers' Title Insur. A Trust (quar t.
Nassau. Brookgn (guar.).
'
2 1
Pacific (guar.)
Imports and exports of merchandise and the
ceipts for the twelve months of the last two seasons:
pf-
ree.
>1
Banks.
this
The first statement
of
Holders
Holders
Fib.
1
Holders
Jan. 22
Holders
Holders
1 Holders
1 Jail. 11
1 Holders
1 1 loWiers
31 Jan. 24
31 Jan. 24
1 Holders
1 Holders
31 Holders
1 Haiders
1 Holders
2
20 Ian.
J!) Holders
Jan
30
1
Feb.
Ian.
#
York Custom House.
!
25
I
27
1 1
1
•Ml
Meh.
Meh.
Feb.
Feh.
Feb.
Feb.
Feb.
Meh.
Feb.
f'i
_|
Feh.
Jan.
Meh.
Ian.
Feb.
‘Feb.
3
15 HoUters
1 Holders
19
1 Jan.
1 Holders
21 Holders
21 Jan. 12
21 Jan. 12
4
21 Jan.
15 Holders
Feb.
Feh.
Jan.
Feb.
Feb.
Feb.
Dec.
•Ian.
Feb.
Dec.
Jan.
—
Ian.
/an.
2 *
1 'Dec. 28
to
to
1 './(///. 20
1 i Hnkler.s of rcc.
I-l
1 Feb.
to
to
1 Feb. 11
—
| Fel).
0
E
0
Pittsburgh A Lake Erie
Reading, common..
Reading, first preferred
Vandal ia
29 R,
8.84
d : Meh.
4
5
Second preferred
Northern Pacific Ry. (quar.)
Peoria A Bureau Valley
Pitts. Cin. Chic. & St. Louis, common..
Meh.
Ian.
Ian.
fau.
f Jan.
2
-.
Michigan Central..
Missouri Pacific (No. 56)
Nashville Chattanooga A St. Louis *
Nac York Chicago <3- St. Louis, first pr< f
69=4
084
•j
0
Mahoning Coal RR.. common
404
■
4
•?
Louisville A Nashville
92 4
92
103 4
Feb.
•»
...
.
Feb.
4
2
Cripple Creek Central, common (quar.).
Preferred (quar.)
Del. Lackawanna A Western (quar.)
Delaware & Hudson (quar.)..
Delaware River RR. A Bridge
Oreat Northern (quar.)
Hunt. & Br d Top Mt. RR. A Coal.-p.of.
Illinois Cen ral
Lake Shore & Michigan Southern
.
Fel).
Feb.
Meh.
Meh.
Feh.
4
5
Buffalo Rochester <£• Pitts., com. A pfej
90
514
1094
51 '..
10,84
Days Inclusive.
1844
50'
1094
507 s
109*4
1 10'
Railroads (Steam)
Atch. Topeka A Santa Fe. pref.
Atlantic A North Carolina.
Bald Eagle Valley
Baltimore & Ohio, common.
1 referred
194
144
Payable A
Cent.
o/ Company.
Books Closed.
When
Per
Name
1 40
20 4
40',
minted in italics.
are
-
.ST
72
60
70',
70',
90
.
15
1 10* H
105
122 1,
yo' 2
197 V
55
147'-.,
93
183
18?
.
78-L
Dividends announced this week
Thors.
314
12-",
00*4
135'/.;
17'4
17
48!..
95.2:!
173
174
1 »7 >2
27'-.
11 '2
73' «j
60 R,
71',
■87'4
*>5
43' j
77'.
84'...
13' ,
71 *'•_»
*>71 ^
93'
31 9- 10
S7 1 10
17.'2
1604
414
159'4
11 V
70'2
..
a
87 1 x
.87 5-10
95.37'-,
78'..
123
15
104
1 23
97
197
55 h.
17 V
102
41'.
84 V
4 PL
7 71 •_»
0.8
175
14,8'..
27 L
H '4
71' •
01
137'-.
is
93! .
93'-.
180
>8" j
40'-.
S| 1
Wtd.
31s*
109%
123-L
97
97.
199
50'..
.
Toes.
31 i:i1-10
80 1 !- 10 80 1.1i-l 0
SO 15- 10 s71,
95.52' ■i 95. L
771 <
78',
31s
Russian Imperial 4s
Amalgamated Copper ( o
Preferred
Baltimore A Ohio
Preferred
Canadian Pacific,
Mon
Sal.
d
..
VOL. LXXX1V,
as to show also dividends previously declared, but the
date of payment of which has not yet arrived.
In the new
form the statement indicates all the dividends announced
for the future by all large or important corporations.
English Financial Markets—Per Cable.
as
[
r<c.
24
20
Jan. 21
Fob.
1
Feb'.
1
■Lin. 31
.lav. 31
Feb. 25
Jan. 20
Mrh.lofl
Jan. 25
Jem. XI
Jan. 31
Jan. 25
Jan. 16
to
Ft h.
Fe b.
I
I
til
Jan.
to
Feh.
2,8
1
to
of rec.
of rcc.
of
of
of
of
of
Dec. 20
Jan. 16
to
Feh.
1
rec. Jail.
15
1
to
Feb.
rcc. Jan.
10
Fob.
1
to
rcc. I) 00. 20
1
to
Fob.
rec. Jan. 21
rcc.
to
of rec.
of rcc.
of rcc.
of rec.
of rec.
to
Of
rec.
to
to
to
to
to
to
to
to
Of
Of
rec.
rcc.
to
to
to
to
of rec.
of rec.
of rec.
to
it)
1
Jan.
2
Feb.
Jan. 17
Jan. 17
Jan. 19
Jan. 19
Jan. 19
Jan. 21
Jan. I9fl
Jan. 10
1
Feb.
1
Feb.
1
Feb.
Jan. 25
Jan. 10
1
Feb.
1
Feb.
Jan. 21
Jan. I7«
Jan. 30
Jan, 30
Feb. 28
Feh. 28
Jan. 15(1
Jan. 15//
Jan. 15a
Jan. 20
Jan. 31
b Five per cent declared, payable in two installvear. navablc In ouarterlv installments.
declared for
Clearing-House Banks.—
Statement of New York City
The following statement shows
the condition of the New
York City Clearing-House banks for the week ending Jan. 12.
it should be distinctly understood that as to all items except
capital and surplus the figures are the averages of the daily
results, not the totals at the end of the week.
In other
■words, in reporting loans and deposits and holdings of
'cie and l“gal tenders, the practice is to take the aggre¬
gate <>f th“ amounts for the several days of the week and
divide- ihU aggregate by the number of days.
New York
ciphers (00) in all cases.
UY omit two
$
2,950.2
.Merchants.'
Mechanics’
America
3.000,0
1.500.0:
3,089.0
Bank of N. Y
(.'•»
.
.
.
(
.
Pacitic
Chatham
.
People's
1.000,0'
2,353,2
8,195,5)
300,0
700.0
500.0
5.000.0
25,000,0 j
3.000.0
500,0!
450,0!
200,0
157.3
380,9
040,9
4,007.3
2,392.4
Irving
1.000.0
2.550,0
500.0
i .ooo.o
Metropolitan
2,000,0
Corn
Exchange.:
3,000,O'
Oriental
|
Imp. A Traders'
750,0
1.500,0
3,000.0
..
..
.
...
N. Y. County.:
German-Arner .!
Cha.se.
Fifth Avenue..,
German Exch
Germania
Lincoln.
Oar fie Id
Fifth
200.0
750.0
5.000.0
Metropolis
1.000.0
200.0
1.009.0
300.0
.
Wes* side.
Seaboard
1st .Nat.. Bklyn
I-ibertv.-*
N. V. Prod. Ex
.
•New A Ulster
Astor
St:i te
.
18.159,0
9,720,0
003.8
.
930.5
1.070.4
1.391.1
3.930.0
5.087.1
4.091.7
47,940.2
1 1.491.0
3.218.0
4,005,0
10.114.5
7.408.1
450.0
3.079.2
1,600.3
8
10.248.0
4.230.0
17.073.0
571.4
280.9
5.011.0
10.713.3'
0.253,5
5.337,1
5.177,0
12.514,0
10.2
1 .200.1
0s,">,3
2.224.9
21
i
,
i
504,0
.
—
Total United States
14.1
8
15,073.0:
245,6
——
4,974.0
158.2)
2.887,0! 2.409.6
1,051.0j 1,329.0'
14,643,3 2,068.0!
2,146.7!
400.3
249.0
545.9
184.4
12.103.7; 1.247,0
010,3
2,812.8!
875.0
150,0;
799.0'
504.5
2.204.0
2,239,4.
340.0
1 .712.8;
238,9
537.8
703.7
1.352 J»
617.0
1.091.8!
842.01
570.0
535.0
3.556.0
701.0
1.338.1
1,338,8
087.0
980,0
3,024.0;
1.000.0
545.0
00 1.3
410.9
545.1
195.0
182.0
-
1
;
—
..
—_
55.054,0 1018,808.7
124.050.0
'I'otals
84.759,5
10.044.2,
4.159,0
1.840.5
1.000,0
-
a
3,083. li
1,777.8
18.109,2
910.4
1 .900,0
1 .009,0
350.0
-
435.2
2,245,2!
4,443.0! 1,167,0
1.262,0
1,009.0)
.
5.860.0: 4.600.0'
10,309,5!
24,897.0
07,773,0
778.2
840.7
s
-$
'
'.0
$
15,755.0.2/1
2,791.0, 1.487.0:
27.7
24.145.0
4.005.0: 2.027.0,
13.821.8 20.2
889,0
2,733.5
2.339,0
18,945,0 25.8
2,559,0
23,302,0 25.0
3,418,7 2.507,2;
5.975.0=20.0
137.0.
1,458,0
19.537.1 10.523.9 11 1.424,2*20.2
22,470.0 27.9
1.819.9
4,402.0
0.181.2.25.7
1.279,4
309.2;
668,5
5.878,5 25.9
858,0
59. o:
510,1
2.523.8,22.7
7,685,0 [25-1
987.0
944.0
369.9:
0,510,0 22.0
1,060.0
18,929.9 23.9
1.320.0;
3,211,1
10.604.7 10,727,6! 106,740.5 25.6
17.799,7 26.7
1.226,3'
3,536,8
3.989,7 21-0
552.71
286.7
871.3
5.601.1 28.3
716,6
2.594.1 28.0
128,5
598.5;
15.892.8 25.2
1.437.1
2,571.3
63.694.9 28.2
11,301.1 6.751.9;
483.7
7.218.0 27.0
1,479,7
20.680.4 25.7
3.445.0
1,879.6
3.734.3 21-584.6
207.7
6,554,3 27-3
1.084.5
708,6
11.453.6'25.0
293,4
2.505.41
35.050.0
123.4!
i .000,0
250.0
.
1 1.050.5;
8.114.2
300.0
.
..
3,328.2 i
7.030,3
1,202.9
7,030 9
100.0
200.0
200.0,
.
7.424.0:
20,550,3
352.5|
250.0
Bowery
6.663.0
5.044,8;
30,882.4
132.170.91
20,853.0
3,308,0
5,559,0i
2.077,3
10.032,8
53.708.5
1.518.4
809.2
4.707.0
250.0;
.
5,840,0
800,51
3.000,0*
300.0
10.000.0:
] .000.0
_
23.528,Si
772.7,
1,018,2
400,3:
2.197.8:
7.850.71
1.157 ,N i
3.000.0
Citizens' Cent
Nassau
Market & Full.
0,838,0
140,848.3:
13,811,8'
4,711,9
2.000.0'
North America
Hanover
Park
East River
1
Fourth
Second
First
!
N. V. Nat. Ex.
j
19,448,0
21,892,2
300,0;
000, o'
.
Commerce.
Mercantile
$
17.453.0
21.150.0
12,085.2
2.863.7
1.190.9
1.000.0
25.000.0
..
Merchants' K.x ‘
(iallatin
Butch. A Drov.'
Mech. <fc Traders;
Greenwich
1
Amcr. Exch.
-.
Be-
Deposits, a
s'eve
4.983.8
375.1
20.003.4
7.914,0
485.4
.
Phenix
City
Chemical
Legals.
Specie.
I
$
2.0d(M)
2.050.0
2.000,0
Manilal t:m
Loans.
Surplus.
Capital.
25.5
26.3
25.3
20.2
1,562,4 25.8
19.944,2'2G.5
9.429.0 25.2
06.110.4125.2
9,828,2! 20.5
40,891.0
10,184,5
22,097.0
70,500,0
4.332,0)20.0
6.216,6 26.3
4.041.4 25.3
51.637.2:25.$
12.846,0,26.0
4.368.1 23 4
5.781.9 22 5
18.029.2
7.885.0
3.155.0
9.870.1
25.0
-JO.O
24.5
20 8
1.510.9 21.0
20,132.0 25.9
5.180 0 25.1
8.517.9 23 5
7.178.1 21.3
5.97:).5 20.0
5.04 1,0 23.2
15.153.0 25.1
—
77.001.0i K:*.2<>9.7
O0K.<)2L\4 2JS.N
City, Boston and Philadelphia Banks.—Below is
summary of the weekly returns of tin* Clearing-House banks
of New York City, Boston and Philadelphia.
The New York
a
ciphers (00) in all these figures.
HY omit tico
Capital i
j
and
1 tanks.
Loans.
11Y omit two
based
Clearings.
Circu-
a
tat ion.
$
$
$
1
S
$
.
i
*
1027. (0)0,3! 171.040.1 68.120.'.’ 907.001.4 53.551.1 2.209,155.7
1027,1 S3,3 170.027,0 00.505.5 971.048. S 53.525.0 2.414,023.5
1032.073.0 170.323.0 71.371.5 OS 1.301.1 53.070.v 1.722.704.0
1040.007,5’172.051.4 77.341 0 10110.57s • 53.004.2,2.125.042.2
1048.898.7 177.001.0 S3.200.7 100S.022.4 53.090.0!2.223.055.2
_
5.025.0
0.09 1.1)
0.205.0
0.002.0
10.125.0
15.100,0
15.74s.0
I SO.122.0
1 S3.439.0
178.521.0
ISO,071.0‘ 15.307.0
.
2I0.N33.O
204.500.0
21 1.SO 1.0
210,902.0'
Dec. 22
I
Dee. 20
Jan.
5
Jan. 12..
.
_
102.415.4
130.443.1
150.237.s
140.917.0
248.512.0 14.127.0
247.041.0 14.041.0
53.435.0
53.700,0
57.SOO.O
57,355,0
51.105,0. 219,540.0
51.105,0, 218.194.0
51.105.0! 217.221.0
51.105.0' 217.770,0
1S2.505,0
133.027.7
199.4S3.0
200.504.0
8.709.0
S.OS7.0
S.050.0
S. 051.0'
Phila.
250.944.0 14.057.0;
24S.700.0 14.027.0
a Includin'.; tor Boston and Philadelphia the item "duo to other hunks" and also
Government deposits.
For Boston these Government deposits amounted on Jan.
12 to $4,010,000: on Jan. 5 to $4,014,000,
Imports and Exports for the Week.-—’rips following are
New York for the week ending Jan. 12; also
beginning of tilt* first week in January:
the imports at
totals since the
FOREIGN IMPORTS AT NEW YORK.
For week.
i
1907.
General Merchandise.
Total
Since
8,287.91 1
$3,477,427
10,421.132
$3,218,387
9.905.548
$17,150,3901 $11,558,981
SI 3,898.859
$13,123,935
$6.066,855
$24,977,596
$3,271,067
13.577.891
.
.
1904.
1905.
1906.
$3,572,499!
Dry Hoods
January 1.
Dry Hoods
(leneral Merchandise...
Total 2 weeks
...
$7,400,255
25.517,362
$6,983,661
19,283,927
$6,604,601
20,703.80S
$32.917,617
$26,26 7.58$
$27,308,409
18,910.741
The following is a statement of tin* exports (exclusive of
specie) from th(‘ port of Now York to foreign ports for the
week ending Jan. 12 and from Jan. 1 to date:
EXPORTS FROM
NEW YORK FOR THE WEEK.
For tin1 week.
S12.9M.302
Total 2 weeks
/The
S14.1S2.952I S10.0S0.209
S9.7S7.293
9,225.597
10.207.5T0
11.231.310
12,458,1)50
$24,212,012
$20,0 11,002
Previously reported
1904.
1905
1900.
1907.
$10.305,SCO; SI9.994.S23
following table shows 11 it' exports and imports of
the wet k (Hiding Jan. 12
at the port of New York for
and since Jan. 1 1907, and for the
190fi and 1905:
specie
corresponding periods in
EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.
tioiii.
IlYt/r.
daily results.
on average
Imports.
Exports.
of. the non-member banks for the
week ending Jan. 12 1907,
Deposits,
i
New \ ork
Dee. 15.
270.752.31
Dee. 22
270.782.31
Dee. 29
2 7 s, 702,:;:
Jan
5
270.7S2.3!
Jan. 12
279,714.0
Boston.
Dee. 22
43,oso,o
Dee. 20.
43.080.0i
Jan
a
43.CS0.0I
Jan. 12
43.080,0
deposits included, $10.510,300.
«>f condition
Legits:
Specie.
Surplus, i
Reports of Non-Member Banks.—The following Is the
statement
banks:
figures do not include results for 11011-member
sp
Banks
(K is o.'tidtnt.
141
THE CHRONICLE.
Jan. 1>j 1907.
'Since dan. I1
$305
$305
$208,875
1.730
1.940
4.202
30.00s
39.055
10,313
S3 DOS
14,071
Britain.
France
ciphers (00) in all cases.
■Sinn dan. I
113
Great
.
Banks.
i
\i ni•
N. Y. City .
Boroughs o]
J tan.A-Br' x.
Wash. IPg’t.s
Centurv
•if
.
$
100.0
....
.
Pia/.a
Riverside
12th Ward
23rd Ward
..
Union Exch
YorkvJlIe
Coal A I Nat.
34th St. Nat
Batt.Pk.Nat
.
..
..
..
.
.
.
32.6
78.2
1 10,9
335.0
659,5
18.3
47.4
208.9
12,3
125,3
4.180.1
2,676.8
200,0
200.0
100.0:
100,0
200,0
100,0
260,91 3.137.2!
98.8
405.4
.aio.o
1.000.0
.
189.3
25.9
233,6
263.1
262.3
422,0
297.8
46,0
02.2
301.0!
53,2
288,61
100.0
383.2
500,0i
209.0
200.0!
550,9
4,770,0'
603.0
204.3
H6.5
1,391.6
769.5!
75.3
150.0
408,5
164.0
702.9
2.767.4!
943.8
894.6
638,0
209.1
2.728,8!
1.952.7!
4.798.3:
10.391.1 i
6,450.0
3.218.0
60.4
23.4
180.2
106.2
359,7
227,0
128,0;
1,662.9
1.000,0 1,077.1 11.595,0;
30,4
309,0 1
239.0
13.7
17.3
.
1,163.2
4,139.5!
703.6
331.5
2.672.8!
1.857.8
204.1
134.5
49,9
.
Tot. Jan. 12.
Tot. Jan.
5
Tot Dec. 29.
110.0
125,0
193.3,
1.529,7;
167.7
59,6
894.3
491.0
304.0!
110,9
628,0!
316.61
108.2
54.9;
5,857.11 8.106.1
11237.0 15257,3 132616,2, 5.597.0 7.818.1
11237,0 15257.3 131423.1 5.S50..5 8.012.5
>11237,0 15257.3 133250,0!
1.044,0
1 10.2
210.0
233.1
58,Or
01,1
.
.
6.496,1
5.581 ,s
4,149.5
3,184.8
3.420.7
4.503,0
4.440.0
1.912,5
2,789.0
2,190.2
108,0
211.0
603,0
02.2
18.0
62.0
10.0
3.691.3
4,181.0
.J
7,782.9
1,484.7
82.61
34.4i
2.911.0
2.274,4
198,8' 5,229,9
179.41 12,581.5
! 5.905.0
84.0 - 3.595.0
225,6
1,833.4
1.009,0 13.465 ,0
51,1
1.3?9,0
l
2.760.3
585.0!
6,477.1
210.3
80,3 i
2,395.8
1905
$210,815
10.000
2.718.130
$210 ,M 5
$40,832
53 1 .il l l
1.82 5.500
3 1.377
$147,812
00,053
20.820
53.304
$059,315
$931D39
Silver.
Germany
West Indies
$3,721
52.880
si;
300
Mexico
South America
All other outlines
Total
I'107
Total 1900.
Total 1905
Of
weni
124.271
.
-
-
the above imports
American gold coin
$050,015
904.915
709.317
$932,280
2.01 1.109
1.380.308
for
week
the
$80.5 13
JS.77N
7.040
in
1997,
$180,872
01.725
13.021
$4,536
and SHOO American silver coin.
Of the exports duringdhe same time
were American
gold coin and
SI5.000 were American
silver coin.
Banking and 3* inancial.
Write for oopy of our 12 page oircular of Comparative Value*
Railroad Brnidm describing about 60 Issues listed upon the
N. Y. Stock Exchange eelling at less than par value, with high
and low range since January 1 1905
'of
Spencer Trask & Co.
Branch Office. Albany,
N.Y. William
and Pine Sts., New York.
—7.7j 2.122.6
1
74.0
1907
pint;
Great Britain
Fra nee
98.S' 3,062.1
176,5
17C.9
Total
Total
rota I
SOI
576,8
238.4
276.4
051.8
1.089.4
756,0
404.0
Tfl.3
90.2
54.4
4,749,3
131,3:
:
2,457.21
263,0
122,0
600,0
1
578.7
1.255.1
1.232.3
5,052.9
6.298.0
73.7
224.6
197.4
99,1
207.01
.
Hoboken.
First Nat
Second Nat
22,8'
110.8
274.4
101.6
198,0
»
400.0
250,0
200.0
S
Mexico
South Amoncu
A11 other countries
682.1
123.4
’
Jersey Citv.
First Nat
Hud. Co.Nat.
Third Nat.
A it
Deposits.
S
3‘)4> 9
232,0
157.9
209.0
191,8
179,5
750.0!
cVv.
104.9
3 S3.7
21.4
164,9
789,3
1
294.3
212.0
26.6:
Agent.
77.6
70.3
82,0
515.4
41 1.0
304.4
105,6
425.5
167.6
4.004.0
1,649.8:
108.5
!
Other
Banks,
.$
4.262.0'
200.2
i
32.7
53,5
23.3
365,2
287.0
179,1
63.1
492.1
220.0
W est Indies
Clearing
8
318,3
2,393,0
1 .818,6
7,991.5
3.232.6!
200.0
150,0
300.0
252.0
1.000,0
750.0
300.0
100,0
Tender
and
Bank
Xotes.
250,8
■Borough of
Brooklyn.
Borough
Broad wav
Brooklyn
Mfrs.’ Nat
Mechanics’
Nassau Nat
National City
North Side
Union
S
13,1
S7S.7
635.0|
1 90.(1
Mutual
19th Ward
.$
500 ;0j
250.0 1
Colonial
Columbia
Consol. Nat.
Fidelity
1 1th Street..
Hamilton
Jefferson
Mr. Morris-.-
s
168.8
J ,>2,0:
436.7
1.122.4
148,4
200,0
168.1
500.0
200.0 !
J ‘J • 1 /
200,0
109,0
.
plus.
Specie.
1,30 V. 1
998,3
4,2 is.3
5.889,0
7.437,6
1.067,6
5,838.7
5.1 10.1
Chelsea Exch
.
N // r-
Germany
Deposit with
Legal
Loans.
and
I un.st¬
olen ts.
.89,2!
134.7!
2.278,6
1.738.7
13.843.2 5,146,2 142568.1
I 1.308.8 5.074.5 141913.9
12.070.4 5.106.7 138249.9
Moffat
&
White
[Ueuibern New York Stock Exchange.
6 NASSAU
STREET.
HANOVER BANK BUILDING
Dealers in Investment Securities.
EXECUTED FOR CASH ONLY
COWMISS ON ORDERS
i
[VOL. LXXXIV.
THE CHRONICLE.
142
increase in the volume of business
railway and industrial bonds it is owing apparently to the
movement of a few specific issues and not to a larger in¬
If there has been any
voa^jeujc.
For Dividends see page
in
140.
Wall
vestment
Street, Friday Night, Jan. 18 1907.
demand.
United States Bonds.—Sales of Government bonds at the
Board include $20,000 3s, coup., 1908-18, at 103 to 103}/§,
and $5,000 4s, coup., 1907, at 100The following are the
The Money Market and Financial Situation.—Decidedly
easier money market conditions at home and abroad are the
important developments of the week. Saturday’s bank daily closing quotations; for yearly range see third page
surplus reserve of $8,640,000, as against following.
practically nothing the week before, and it is a well-estab¬
!
j
|
Jan. | Jan.
Jan.
Jan. ! Jan. j Jan.
Interest
lished fact that this amount has been increased this week.
IS
16
Periods
12
14
15
|
17
Further favorable reports have been made by the Dank of
...registered Q—Jan |*104% *104%'*104% ;*104 34 *104 54 *104 34
England, the Bank of France and Bank of Germany, and the 2s, 1030
2s, 1930
..coupon Q—Jan ,*104*4 *104%j*104% *10434 *10454 *10454
former has reduced its minimum discount rate from 6 to 5%.
*102
*102
3s, 1908-1918
registered Q—Feb *102 i* 102 ;* 102 :*102
103
! 103
*10234
Notwithstanding these facts, the stock market has Dcen 3s, 1908-1918
coupon Q—Feb { 103% *102%>*102%
*10254
*10254
*10234
1908-1918.-small coupon Q—Feb *10234 *102341*10234
decidedly weak, and prices for all classes of railway securities 3s.
*10034
*10054
*10034
4s, 1907
registered Q—Jan *100 54 *100 54! 10034
have shown a tendency to decline.
Evidently the announce¬ 4s, 1907
coupon Q—Jan *10054 *10054 i*10034 *10034 *10054 *10034
registered Q—Feb *129% *129%!*x28% *128% *1283$ *12834
4s, 1925
ment of a new stock issue by the Chicago <k North Western
1293$ *12937*12834
coupon Q—Feb |*129% *1293^ ,*129%
4s, 1925
Company, the needs of the Southern Railway as set forth 2s, 1936.Panama Canal coup. Q—Nov *104 *104 ;*10334 i*10334 *103341*10334
by its new President, rumors of impending issues by other
* This Is the price bid at the morning board; no sale wa9 made.
corporations, or more obscure factors, have exerted a greater
influence in investment circles than the easier money market
Railroad and Miscellaneous Stocks.—The stock market
conditions mentioned.
From whatever cause the demand has been active and generally weak under liberal offerings.
for securities which usually obtains soon after the opening of
This was especially true on Wednesday, when more or less
a new year, and which was supposed to have been held in
urgent liquidation of three or four issues increased the total
abeyance by money market rates, has not made itself felt transactions to nearly 1,300,000 shares. On Thursday
now that these rates are about normal.
liquidation was suspended and a substantial recovery was
The open market rates for call loans on the Stock Ex¬ generally made, but
to-day the selling pressure was renewed
change (luring the week on stock and bond collaterals have with increased force and quotations in many cases declined
ranged from 2 A to 5%. To-day’s rates on call were to the lowest figures recently recorded. St. Paul closed
23^(^3^2%• Prime commercial paper quoted at 6(&GA% 8 points lower than last night, 0 of which it lost during the
for endorsements and G@GA% for best single names.
last hour.
Heading is over 4 points lower and other prom¬
The Bank of England weekly statement on Thursday inent issues have declined from 2 to 4 points to-day.
showed an increase in bullion of £508.824, and the per¬
North Western has declined throughout the week on- the
centage of reserve to liabilities was 45.30, against 39.97 announcement of a new stock issue.
It closes 1414 points
last week.
Delaware & Hudson has also steadily
lower than last week.
The discount rate was reduced from 6 to 5%.
The Bank lost, closing 8 points lower. Great North, and Nor. Pacific
of France shows a decrease of 8,250,000 francs in gold and are (cx-div.) 10A and nearly 10 points lower respectively.
an increase of 1,950,000 francs in silver.
Amalgamated Copper has lost a substantial part of its
NEW YORK CITY CLEARINtJ-HOUSE BANKS.
recent
advance, being over 7 points down. Anaconda
1
1 Dijjerences j \
■
Mining
has covered a range of 10A points, closing at tlie
!
1005.
1906.
1907.
Irani
lowest.
General Electric is the only active stock that lias
Jan. 13.
Jan. 11.
!
Jan. 12.
previous ifcek.
advanced nearly 2 points during the week.
Steel common
is down 2A and the preferred 1;£.
3
!
s
$
! 116,472,700
s
115.972.700
124,050,000'
.1
Capital
For daily volume of business see page 152.
140.800.500
135,482.500.
155,654,000
Surplus
The following sales have occurred this week of shares not
1,005,041.600;
1,064.336.800
858.800!
Loans and discounts... j 1,048,808,7001 Dec,
52,990,800|
43,020,100
53,690,900line.
-26.700
Circulation.
represente
1 in our detailed list on the pages which follow:
997,206.200:1,116,160,100
Net
statement showed a
•
*
1
-
1
...
! a 1008,922.40011nc
Inc.
j 177,601.600
83,269,700 Inc
deposits
Specie
Legal tenders
Reserve
hold
25% of deposits
Surplus reserve
4.050.200
178.326.500
5,928.700j
83.780,7001
215,591,400
88,1357.900
lft.2001
11
260,871,300d nc. 10.578.600
i
252.230,600; Inc.
2,080.025
249,301,550!
304,249,300
279,790,025
|
8,040.700 Inc.
8.492.875
12,708,050
24.459,275
a SLO.o 10,300 United States deposits
$8,476,400 the corresponding week in
eliminated, the surplus reserve would
on
8.3 4 4,100
Jan. 5.
Note.—Returns of separate
262.1
.
and 25f. 19c. low.
The week’s range
for exchange rates follows:
Short-
1.out)
Sterling. Actual —
4 8125
High
04 8156
4 8665
0 4 8675
Paris Hankers' Francs—
-5 2114a
High
0 5 26
Low
5 251 s
0.5 221 <j
Germany Hankies’ .ifarks —
High
64
o 61 1-16
Low
93'i
<a) 64
A msterdam Hankers’ Guilders—
High.
Low
0 4 8560
0.4 8485
14 8625
|4 8565
! 5 IS*.,'a
I 5 26
0,5 18*4
05 16?sa
|
j
!
-Cv 64 1.1-16!
(</) 64 11-101
1
617
64-7
|
46 1-16A: O; 40%%7
I
Low
Less:
Plus'
I 4 8475
14 8556
1-16 of 1%.
k 1-16 of 1 % •
a
rfl-32oM%..
t 1-52 Of 1 rl:.
O 46 1-16
46
|
|
Cables
v-
0 4 8655
0.4 8575
_
h 5-52 of 1%.
y 5-52 of ]% .
The following were the rates for domestic exchange on
New York at the undermentioned cities to-day: Savannah
buying 50c. per $1,000 discount; selling 75c. per $1,000"
premium. Charleston selling $1 per $1,000 premium. New
Orleans bank 20c. per $1,000 premium; commercial 10c. per
$1,000 discount. Chicago 5c. per $1,000 discount. St.
Louis 20c. per $1,000 premium.
San Francisco $1 50 per
$1,000 premium.
State and Railroad Bonds.—No sales of State bonds have
been
reported at the Board This
.
_.
.
.
I
Range Year 1906.
Range Jot iceek.
hnvest.
Jan
1.166 $7
Alice Mining
7.626
2c. Jan
Amer Woolen riches
566 ike; Jan
Bethlehem Sieel Corp_..
Chic & East III. pref
56 120 Jan
Chic.Mil
St P instalm’t
Jan
1.400 137
eertfs 10% paid
Jan
Do prf eertfs 10%, paid 1.206 147
Jan
Cldc it Xorthw rights.. 11,767 17
Jan
6.366
37c.
Comstock Tunnel
200 99% Jan
Consolidation Coal
Jan
166 73
Cripple Creek Central
160 75% Jan
(ieneral Chemical
Jan
406 161
Preferred
Jan
Oners! Electric right*
4.72s A |
Jan
166
103
H B Clallln Co.
Jan
166
11
Keokuk it Dos Moines
Jan
2 '6 6S
Knickerbocker lee, pref.
Jan
16 115
N 'S' it X J Telephone..
Jan
4
•1.506
Rights
18.3 16
Nor Pacific receipts
17% Jan
16.856
()ntario Silver Mining..
6% Jan
Jan
106
1
Quicksilver Mining
466 9.3% Jan
Sears. Roebuck it Co..pf
1 ,466 $3% Jan
Standard Mining.
Jan
1 (Mi 12
U S Leather
Jan
560 106
Preferred
93
Jan
126
YandaMa
366
s
Jan
Vulcan Detinning
100 53E' Jan
Preferred
..
banks appear on the'preceding page.
To-day’s (Friday’s) actual rates for Paris bankers’ francs
were
5 21 l4a(a'5 20*’for long and 5 18^7/(a'5 1$?4 for
short.
Germany bankers’ marks were 94(5 94 1-16 for long
and 94:l4(a 04 13-16 for short.
Amsterdam bankers’ guil¬
ders were 40 l-16/;(a 40j/gn for short
Exchange at Paris
on London to-day 25 f. 19 c.
Week’s range 25f. 23c. high
pa
Week.
included, against S 10.401 .(>00 last week'and
1006. With these United States deposits
be $12,768,270 on Jan. 12 and $4,248,225
Foreign Exchange.—Though only moderately active, be¬
cause of (ho absence of mail facilities, the market was firm
this week and it promptly responded to the ease in the local
money rate and to the decline- in the Bank of England
minimum to 5%; the tone was strong at the close.
To-day’s (Friday’s) nominal rates'for sterling exchange
were 4 S2(eVl 82‘5 for sixty day and 4 86(5 4 8615 for sight.
To-day’s (Friday’s) actual rates for sterling exchange were
4 8125(5 4 8150 for long and 4 8550(a 4 8560 for short and
4 8625(a 4 8635 for cables.
Commercial on banks 4 80^4"(a
4 81 and documents for payment 4 80(5(a 4 81 \£.
Cotton
for payment 4 8Q]4(a 4 80;4, cotton for acceptance 4 $0;!4(o
4 81 and grain for payment 4 8114(3 4 81 1 4
Sales
STOCKS.
Week ending Jan. 18.
Higlust.
15 $7%Jan
5c.Jan
14
16 20%Jan
18120
Jan
18
18
18
15
14
1.5
14
12
12
1s
14
17)
17
17
is
17
17
15
1 7
16
is
15
17
17
Jan
Jan
17% Jan
4lie. Jan
141
149
99%;Jan
73
Jan
75%Jan
101 %.ian
1 1
%Jan
163
Jan
Jan
11
68
Jan
115
Jan
4% Jan
20%Jan
S
Jan
1
Jan
94
Jan
>3.00 Jan
12
Jan
111 %Jan
93
Jan
9%'Jan
53 0.Jan
Honest.
17 $2%
12
3c.
14
17%
18 125
14
15
IS
14
14
15
14
15
1 1
1>
14
U
17
12
17
12
17
15'
15
16
15
15
1 1
17
Jan
Dee
Oct
Oct
Highest.
$9%
25c.
N ov
Dec
26% Aug
126% June
...
10c.
95
69
74
162
11%
116%'
s
66
124
4? 8
Mch
Nov
Oct
Nov 80
Dee 84’3
Feb
Nov 166% • Feb
Dec
12% Nov
Leb 1 17
Feb
Nov 14
A pr
Dec s.5% Sept
Oet 155%
Feb
Dec
Dee
5
Mch
1% June
Meh
1 %
93
82 %
10
103%
82%
s
56
40c.
Sept 166
1 >ce
1 tee
July
5%
2%
95
85
11%'
July 117
Meh
1 >ee
Jan
85
151,
76%
Doc
Jan
1 ICO
Jan
Jan
Feb
June
Jan
Oet
Outside Market.—Weather condition's and the weakness
which developed <>n the Exchange have combined to make
the market for unlisted securities very dull.
Prices up to
to-day held fairly firm but at the close losses were general.
Nipissing Mines advanced from 13L. to 14 A but sold down
to-dav to 13);$.
Fnited Copper common moved up from
73Lj to 75:W, then dropped to 71,-> ox-dividend. It re¬
covered to 73!j. but -to-day ran (417to 71 1 (.
Utah Copper
was strong and advanced from 37 1
to 41 Js', the close to-day,
however, showing a loss to 37. Tennessee Copper has
dropped from 53 Vf to 10;1 j . After advancing about 2
points to 32At, Greene Consolidated Copper closes at 30) o.
Greene-Cananea went down from 22;* to 22, advanced to
23'}o, but reacted finally to 22 7!.
Boston Consolidated
Copper rose 2 points to 331s but ran down finally to 30)4.
British Columbia Copper advanced fractionally to 14 A, lost
steadily and ends the week at 11. Davis-Daly Estates rose
2 points to 19;Ts but is now down to 17ATrinity Copper
foil off from 32 Js to 30rj, then ran up to 40 and back again
to 3734
Manhattan Transit was a feature, advancing from
5-ps to 6 A and closing to-day at 0)$ Mack ay Companies
common sold up from 73 to 74 Cf and dropped back finally
to 73)47
American Can preferred gained a point to 55; the
close to-day was at only 51 LL
Western Ice. after losing
about 3 points to 25)7.advanced steadily to 30}%, but drop¬
ped to-day to 27. Waterbury Company stock made its
appearance this week and advanced from 37^ to 421TOutside quotations will be found on page 152.
.
New lork Stock
Exchange— Stook Record, Daily, Weekly and Yearly
OCCUPYING
STOCKS— HJOll ESI
♦
iOO -V
ISO
130 V 12 V
119
119 V120
0 ; c» 94V
93 V
>0 \
80*4 812
*115
128
115
128
*130
i 30
*80
88
S3
*80
*
r
88
lyo5* 191 \
*04
0414
*215
220
54
54 H,
27
*25
’
70
08
•J.»
154
203
235
170
180
12
*9
*22
28
*r>V
4,157V
103
34 V
197
2 20
105
170
•9
*22
5V
34*4
165
170
17 V
79 V
73
17
77
09
17
17-\
79
*77
73
*09 V
25's 2 5 V
154 7■s J50 \
!• >5
105
201
225
5V
18 V
105
35 4*
204 V
235
170
ISO
12
23
5 V
174, 18:V
18 V
89 V 907b
91
*90
111
109
111
109
38 V 387fc
38
30V,
6 <
*08
69.
*68
57 V 57 V
5 7-\
67
220 V
220 V ‘221)
219
*5U0
635
ft.! 5
600
■40
V 41V
39 V 4 0
81 V 84
*81 >8 h ’3 V
90
81
80
*79
18 V 19 4
*18
l'V
30 u 3 > V
36
36
4 1 f*8 42\
4 2 V 42 V
74 V 7-* V
•74 V 75
05 V 00
00
*65
70
65
75
*C3
85
95
95
*85
180 V185V
183 V 1S4
81
83
bl V 82 V
*4 ft"
*83
r.
*93"
169
"47”
46 V
*80
86
126
93
109
■
■
109
30 V
74
28
60
•79 V
29
307fe
GOV
28 v
•79
63
143
<•
142 7b
*105
26 V
*57
89 V
133 V
*158
y.»v
00V
72V
83 4
80 V
29
80 4
oo;v
613*
33
bO
OS
144 V
145
110
143
143 V
-112
* 105
143
110
26na
6 7V
20 V
00
8 *V
87
134
169
136 V
105
4<>v
72V
8 *V
40
,
20
20-V
57 V
87
131
159
1
407g
71V
88 V
7 2V
90 V
►142
145
68 7, 5'.’ V
130V *36 4
•
30
*
*26V 29
130 V 1..3
01 '4 0 L 4
*110
*85
•188V 191 V * lb <
4 6
4> 76 40 V
i'OV
90 V 90 V
*.-9
*89
157
V
159
160
l IV
20
20
*120
•115
125
*:*8
It 0
*98
♦115
125
•115
40
81V
*33
29
50
*79 V
*28 V
*28
70
*63
28 V
80
03
01
120
9n
•112
*85
37
74V
6 >
69V 59V
*20V 29
I32v 133 V
01
40
86
120
93
109
36V
74
*28
74
28
60
145
*140
189 V
l89-\ 192 V
04 V 05 V
215
220
53 V 54-%j
26
20
13.,V
*03
120
91
191V
40 V
90 •,
90 V
10' V
2 1
125
190
126
130 7t
43
Si V
108
*77
*77
♦
100
*luO
108
130 V 138 V 13088 138 V
91
•80
•88
91
*9.)
yO
*92
95
28 V 29 V
2H78 29 V
62
03
02 V 03
70
*69
09 V
•68
47
47
47 V
4 <
24 V 24
25
•24
08 4
50
*58
69
94 4
93
95 V
118
118
118 V
JUS
31 4 3 1 ‘t,
31V 32 V
91
91 V
91V 91 V
35 V 35 V
35 V 30 V
*122
*120
124
124
*28
29
‘28V 23
S333V *32 V 3-< V
62 V 62 V
62V 52 V
-
-
1
Jan
16
Hid
Ask
191V
118:V 119 V|
9 V
9338'
•93
94
79 V 81 V
78V 80 V
'112
125
*110
125
♦130
'130
88
-8o
•80
88
188V191
*047a 05 V
*64
65V
*2l5
220
215
220
53 4* 53V
5178 63 V
25
24 V 24 V
25
69
66 V 06 V
17
17
167e 17 V
79
*78V 79 V *76
*08
72 09 V 69 V
24 V 24 V
24^4 26
153
156 V
154V156
-163
165
104
104
33
34
3.3 V
34
187 V 1 »2V
190 -a 197
230
239
234
234
’100
170
-100
179
iso
-105
175
*170
*9
12
9 V
9V
*■->>>
*22
28
28
5V
*5 V 5 V
6V
17 V 17 >
18
17 V
88 4 88 V
8.8 V 89
*108
no
*109
111
38 V 3-V
38 V
38
09
*68
69
*68
*57
57 v
57 V
57
219 V
219
215V219
’500
635
535
*500
39
39
•39 V 41
V-l V. 81
82 V
82
80 V 80V
85
*8-9
*
*18
19 V
19 4
18 u
35
39
S3
*35
39 V 42 V
41 V 42 V
74
74 >
744 75 V
03 V G6
04V 05
*65
*6 >
70
*00
95
95
*85
17sV1S2 V
179V181
80 V 82
8 IV 62 V
*80
*80
*.
15
15
4 6 V 46V
•46V 47
85 V 85 4
*83
86
'115
126
126
91 V 91V
93
169 V * 165' 169 V
-165
35 V 86 V
36 V 36 V
73
73 V 73 4
73’4
27
28
28
27**
*49
60
50 V
*49
79V 79 V
*79 V 80 V
29 V 29 4
30
29
60 4 GO7*
61
61V
*
*28
33
33
28
*70
80
*70
8 >
*62
68
>63
08
143
142V 143 V 142
U2
143
143
143
*105 v no
105 V Uo
138V 190 V
*
65
♦215
25V
58
204
26V
52 V
517e
27
09
16
16V
70
*75
*68
-71V
24 V 24 V
1 so¬
53V 155 V
los
165
’
■
3L
33 V
V
1 -9 V
230
I/O
165
*9
12
*22
28
6 V
*r»v
17 V
17 V
90
*88
*108
no
38
37
63 V 68 V
188
230
-160
165
YORK
Aetna
Am erica
1
...
Amer Exch..
A8tor
Battery’ Bark
Bowery*,1
....
Botch’s* Dr
Century Tj....
Chase
Chatham
Chelsea Ex c^
....
207 V
525
245
650
; 20
320
170
175
b-25
310
J20
535
;256
195
750
130
330
185
.
■mm*1
EXCHANCE
Li 2
130
*80
187
*64
*iosv
37 V
4 SO
37 V
80 4
80
*18
*35
38 V
39 V
*CS
6 )V
210 V
4 '5
37 4
Do
Chesapeake A Ohio
Chicago A Alton RR
Do prel
7,000
debenture.100
pref. “A”..
1,900
pref. “B”.-.
Chicago 5111 w. A St. Paul. 280,200
1,200
Do pref
Dosubscrip war’ntsh 20,36t
10
Chicago A North Western 48,6
300
Do pref
Chic. St. P. Minn, A Oni.
Do pref
300
275
70;,
8O0
Chicago Terru’L Transfer.
Do pref
Chicago Union Traction.
Do pref
2,300
1.70U
Cleve. Cm. Clue. A St. L.
no
Do pref
37 V Colorado* Southern
69
Do
1st preferred ....
07 V
Do 2d preferred
215 4
6 >9
...
elaw. Lack. A West’n.
38 V DemyerA K10 Grande....
81
Do pref
S3
Detroit Li nited
13
Duluth So. Snore A Atl..
35
Do pref
7*400
....
2,}5
3,TIo
7,850
1,"00
6.700
Delaware A Hudson
Havana Electric
....
35S
30V
73
26 V
47
80
7 V
27
48 V
*28
60 V
*27
*70
U
*02
'
-
-
36
73
-
80
29 V
60 V
.93
80
08
VO
25
*47
*73
2^V
59
*27
*70
62
140
u
nterboro-Metropolitan.
73
Do oral
26
Iowa Central
60
Do pref
80 V
28 V
ansas City Southern..
60
Do pxef
33
80
Do pref
62
Long Island
142 V Lonisrllle A Naahville...
14.
3,050
1,200
KC.FLS.AM.,tr. cts. pfd
141V U2 V
142 V 141
{112
*105V107
♦105V110
etropolitan Street....
24 V 25V Mexican Central
25
V 26
26 V
69
67V 67V Mum ©a polls A St. Louis.
•57
69
Manhattan Elevated...
49
100
10,400
Gitizeus’ Ctrl 145
265
City
Coal A Iron. 260
700
Colonial
...
Columbia*!
..
400
Commerce... 1133
Consolidated 10ft
305
CTrn Exeh*j
Di8Countii... 150
East Riyer.. 150
Fidelity*}.... 200
Fifth A veil.. 3900
155
270
280
......
525
1184
175
31ft
100
160
Hid
840
710
Fifth
First
14thStreetT!. 226
205
.....
365
Askl
•••••*!
212
375
158
J
..
Hamilton*j
i
000
l‘$6
German Am*!
German Ex? 4S5
500
Germaniaj
Greenujicu *j 2 45
..
295
|
260
50)
Imp & Trad. 550
Hanover
4200
uOV Jan
91
Jan 5
Mai 100
Aug
56 V M n>
p I V Nov
J:ui 2
*
140
Jan
153
May
Sep 5'
Dec
9pC
130V Jan
177 V
Si”
311
Dec
aihOlii J
249
Jan
•J65 V Feb
225
Jan
Jan
230
20
J’ue
7V Jan
17 V Jan
42 V-Fly
0
J’lu
13 V Feb
Jan 15
Mar3(»;
231
150
195
Jan 15
Jan 15
19!
Jan
Jan
2*-j
ne
Jiin
Jan
Jan
64
Feb
90
Jan 111
Mar
Jan 23l 115 V J’ly 121V 51ar
22 4 Jail
Oct
3
30 V Apr
M av
09 V Deo
Feb ’JOj 52
Dec 3
32 V M a>
55
Dee
’
178 V May
mV Oct
M ay 24 >35
Jan 198 V Oct
30V J’ly
Nov22|
39V Dp®
27V May
May
Jan 20
j
Jan J
91 V Dec
90 V Dec
22V Not
Jan
May
51 ay
40V
52V
85 V
78V
Mav
May
Jan
75
J’ly
Nov 96
Jan .135
Feb
May
Apr
J’ne
84
Feb
<3
37V Jan
71
Jan
44 7g Jan
J’ly 12
27VJ’ly 3
75
Aug
Aug
Aug
Aug
Apr
90
Jan
24 V J’ne
38 V Deo
Deo
S2
Jan 121V Deo
97 V Not
Sep
Jan 183
24
50
71
5
6
12|
May
May
•
_
103
J an 10 112
iU5
Jan ft 100
105 V Jan 10 135
122-/J’ly 2 147 V
33
Apr 28 46 •«
75
May 2 87
100
May 4 M9
112
May 2 cl 01
89
Sep 2fc 96
90
Apr 30 102
22 V J’ly 13 32-V
00
J 'ly 2
6.)V
OO
Feb 20 72V
10 V J’ly 17 61V
20 V Mav 2
27 v
78 V Jan
J’ne 5|
Jan
Jan 29 100
85
Jau
May 8
.’v
J’ly 13
Aug
Jan
{92 V Jan 25;
81 >4 Jan 16,
50 V -May
156 V Jan 19! rPM V Jail
102
Jan 20 161
May
127
Jan 10 114
M ay
29 V Dec 15!
18 V M ay
84 4 Jan 11; 56 V Jan
100‘4 Jan 3 86 J a u
134
Dec 3 L 164
Mai 24 j
89 V Jan
103 V Apr 30 LS3v Jan 11; 148
Jan
29
May
May 2 43 V Nov2?! 24
64 V Apr27 76
Nov-'Sj 56V Mav
85 V May 2 106V Jan 20
91 V M ay
133
Jan
May 3 149 V Jan 12 137
30
Apr 27 59', Dec 31 33 V May
18 * .1’ne 10 30
Dec
I’m
17V
lj
120 Aov .2 150 *4 Jaii 8
3.6V M ay
59
73 V Apr 17j
4 2
Jan
AI ai 5
111
J’ly
Apr 1-1 120 B Jan 27 114
92
80
Dec
74
May
41
May 3
1 '9
Dec 2 ; 204 7a Jau 19, il'Jl ’4 Dec
43V May 2 57 4 Jan 27, 4 (/ V Jan
81
F e b 2 s 97 V Oct
2j 70 May
89 V Apr 12 90
Jan
0, 91 V Feb
i79 V May 2 ‘232 V Feb 14 165
Api
Sep ‘2ft
01V Oct 27
130‘4 May 2
140
Sep 25
103 J’ly 12
18 V May 2
58 V Dec31
90
Apr 27
43
Not
32
Feb
61
Deo
Oct
81V J’ne 87
2 2 V May
36 V Dp®
52
Jan
Feb
70
28 V J’ne 47 V Deo
91
J’ne 106
Alar
2j
63V Jan 13
Oct 22
„
May
Sep
*
34
22VJ’ly 3
48*4 May 2
01
May 2
HO. J’ly 2
3 V Novl J
93 St Dec »6
28
May 2
FJ1
Norll?
25 V Dec 12
25 V J’ly ‘J
Apr
Aug
7378 Not
UH
-'AU
175
13 3
26
Feb
Aug
Mar
84V Oct
106
Oct
145
Deo
173
Dec
39 V Not
73
Aug
1107b Mar
158
A pr
45
Jan
24 V Jan
107V Mar
73 '4 Deo
122VJ an
95.
>216
04
88 V
90
210 V
NovJO
Aug20!
Apr 3
90
84
2 IV
60 V
67
45
20
65
Mar
Mar
Aug
Aug
:o9 >4 Oct
108
Feb
109
Oct
Jan 24; 131V May 148
27
Jan
48V
Jan i 5
Jan 24
70
May 1 s7V
Feb 1 i 2
Aug 1 '*\ i()5
Jan 143V
Jan 23 z79
Jan 22
Jan 20
Deo
Sep
Aug
Apr
Mar
51ar
Not
Sep
97
101
ftov
37 7e Jan
Dec
Jau
Nov 85
M ay
Jan
Dec
81V Mar
73 V Mar
Dec
Veb 0
27 V Jau
M ay
Jan 19
0 IV Sep 10
60 V Apr
Nov
97 -> Sep 21
57V May 72 V F eb
120 uJ’ne 0 J15V Jan 122 >< Dec
4 -’V Jan 26
28
38
Sep
May
95
103- Jan 16
Apr 102V Sep
41
29 V A pi
Mar
40 V Oct
2
De>0
z 13034 3 an 17
120
Dec 141
22 V Jah
37 V Apr
36
Jan 22
40 ■* Jan 19, 34 V May 43 V Apr
65
69 V Jam 19! ft IV Jan
Apr
COMPANIES—BROKERS’ QUOTATIONS
Banks
Fourth
Gallatin
Garfield
i7u
117
87V May 10:
70VJ’ly 3
J’ly 12
J’ly 17
1,3 JO
2,000
15,921
1,222
vItoL
Ask
47 V
89
Dec 29 109 V
110
J’lylO 118
29VJan 4 41
60 V Apr 30 73 V
43
M ay 2 5 >
189
May 2 23 IV
437V May 2 500
30 a May 2 51 7g
91 V
83
Oct *27
V‘.)7b Dec 'll 102
10
J’lyl3 22V
32
Apr 28 45
38 V May 2 50 7h
74 V Dec 19 83
02 V Apr 27 70 V
70
08
Dec 4
80
J’ly 13 94
cl78 Dec28 148
70V Dec 19 85
81 V Nov23 92 V
23 *.j
1 IV Oct 25
33 V Jan 19 63
800
200
’*200
I^cxae A Pacific
Hid
i
13V FeD‘20|
Mat 12
Jau 15
37a May 21
117s J ’ly 12
24
48
77
100
Lake Erie A Western...
•
Banks
Sep 21!
700
Jan 221 83 V
81
81
400
Feb 9i
76 V
*79 V
80 V
20o
Jan 1 I
11V
19 4
17V
7 00
Jan 11;
21
35
39
18L450
Jan 10. 37 V
33 V 3 9 VI C*ne
40 V
4,525
Jan 15
74V
72 V 73
71V 73 4
Oho IK
3,50o
Jan 10! 55 V
Do 2d
62V 63 V *62 V 63 V
03
Jan
2
*05
75
7ft
*65
Eyansv. A Tnrre Haute..
85
*85
95
Aug 2
*85
95
l>o prst.
Feb 9 230
18,600
175 Vkjreat Northern, prerf..
173
179 V z!72
Dec 0
80
76 V 80V
81V
Temp ctfa for ore prop. 54,861
83
Jan 22
*80
Grsen BayAW.,dsb. cti.A
**”*2
17
Juu 19
14 V 14 V
Do
deb. ctf. B
500
15
Aug
*45
14
47
*45
160 77 V.Tan 15 97V May 8
60
*85
86
86
*85
Do pref
J13 V Feb 8 135
A pr 24
86V
'115
126
115
126
Hocking Valley
**300 92 V NovlC 99V Pne 1 90
91V 91V *J1V 92 V
Do pref
300
164
May 2 lSiVJ’ue 7 152V
165
169
165 V 165 V I llinois Central
12,527 33-V J’ne27 55 V51 ay 10
i
35V
N" ash. Chatt. & St. Louis
Bid and asked prices; no
400
300
93.V Mar
.05V *°P
Jan
Jail
Nov
70V Jan 8, 67
74V Aug
Oct
May24 190 May 235
60 V Mar
Aug >0| 45 V May
Oct 8i
Oct 51
Jan 20. 17 V M ay 25 V M ar
so
Sep
Jan 17) 83 *4 May
00
J’ne 78 V Sep
Jan 31
Jan '22; 29
May 37 V Apr
Dec 17: 108 V May 187 V Apr
Aug .’7: 182 V Jan 192 V Apr
Mav 2 239 V
51 V Nov 12 0 Is*
35 V
25 V Sop 15
70* Dec 20 77 V
J’ne-’b 23V
16
79 V Sop
1 80 •.>
80
70
Dec 24
24V Nov 14 39 V
tUH
I)i-e 29 199V
1160 Dec 19 218
S3 L
32 V Dec 31
192
Apr 27 240
270
225
Aug h
168
.Pne ’? 198
175
Novi 1 202
9 V 4prl9
18V
4 -' V
Dec 19
25
15 204
4 p. c.
5 p. c.
4 p. c.
516
[
Bid
Basks
InterboroU.. 160
160
Jefferson‘3... 2U0
500
Liberty
TOO
Lincoln
Manhattan*|. 105
Market A Fa* J06
346
Mechanics’
Meoh A Trail 170
M ercantile.. 2»0
Merch Exch. 175
Merchants’.. 160
390
Metropolis
IrTingN.Kx.
sales were made on this day. { Less than 100 shares,
t Sale at Stock Exchange or at auction this week,
c Ex beneficial Interest In ore
*
51,600 155V-May
30
65 V J’neliO
20,025
99
120
1-ret >ou('
liH>5
Huj'tesi
77V May
Jan 3
Jan 20
50
.Deep:
87
Feb s
OIL Dec 1 1
Jan 1
S3
Chicago Great Western..
Do
Do
Do
110V Sep 111
si
Xov
9
prof...
Buffalo & Susque, prof...
/ mnadian Pacific
*
Canada Southern
Central ol New Jersey...
oOO
*57
6J0
*37
93
80
89
88
Do pref
83
*87
90
7,7tK)
123
1 90
130 V 131 V
130V 127
Minn. S. P. A S. S. Mane.
130V 134
200
*165
160
*155
163
165
Do pref
160 V 160 V *166
33,200
33 V 39 4
35V 39V Mo. Kansas A Texas
39
40
4 0
49 V
3,10.
70V 70 4
70 V 70 V
70 V 71V
Do
*70V 72 V
pref
20,900
86 V 83
86 V 89
86 V 88 V
Missouri Pacific
88V 09
•140
lift
*140
115
*U2
145
*143
lift
1,300
♦57 V 59
59 V
at.of Mex, non-cam.pf
68V 6aV *^8V 69 V *57
*
300
*
2
ft
26 V
V 26-,
Do 2d pref
26 V
.6 -j 29
*20V 28
42,3ui
128
129 V 130 V
V 130 4 N. Y. Central A Hudson..
129 V 131 4
130-4 132
3 00
•59
62
*69
62
1,1
N. Y. Chic. A St. Louis...
*58
02
10,'
*110
120
120
no
no
Do
1st pref
no
110
120
3.0
*80
90
86
Do
2d pref
86 1
*86V 80
91
'85
25 U
1S5
185
180
185
N. Y. N. Haven A Hartf.
187
{187V -17 8 190
8,7 -0
45
45 4 N. Y. Ontario A Western
4 5’*
45
4 6V
46
45V
40V
7,900
88 V 83 4 Norfolk A Western
8 »V 8 >V
90
8J-\ 80*.
893,
2 '0
*33
90
80
89
Do
-88 V 901
8
8 *
adjustment pref
61
,v50
158
160 V x 150 V 157
Northern Pacific
157 4 159 V 15 7 ‘a 16 9
49,199
Do rights
10V £0
300
125
121
121V *120
120
1.5
pacific Coast Co
L
*98
100
*93
106
1st pref
*•8
Do
106
*98
106
•
no
135
125
no
Do 2d pref
113
125
126
•118
234,749
135 V Pennsylvania....
135 V 134
135 V 136 V 134 V136 V 135
*34
40
40
*34
40
*34
Peoria A Eastern
*33
43
■*iV6
*
78
78
Piktsh. Cln. Chic. A SL L.
71V 81V *77 V 81V
*77
81 V
♦UK)
108
108
Do
>100
-10>
108
*100
104
pref
90 J.'HHJ
18 3V peading.
132 V 134 V 129
131V 138
400
*
90
89 V 91 V CVlet pref
90
88
b9 V
89s* 89 V
40 J
*90 V 93
2d pref
95
90
*90
92
93
93
66,300
20
37 v Rock Island Company
27 V
27
28 v 29
26V 28V
6,0 'I)
60 V 61V
62
Do pref
0l
60
61 V
62
62
297
69
69
SL L. AS.Fr., let pref...
69 V 6 > V {69 V 69 V
6 »
*67
1,700
44 V 46 V
4 5 4 46
Do 34 pref
46 i 46 **
45
47
2,6 00
23 V 2 < V SL Louie Southwestern
23 V 23 4
23 'a 24 4
•24 4 25
3^00
69
Do pref
58V *57
67
69
68
68
GO
319.2)0
93V 95V Southern Pacific Co
94 V 95V
94 V 9 6
96 V
95
1,795
117 V 117V ’117 V117V ■k Do pref
117 V 113
1 17V118
28
29 V Southern v.tr. cfs. stmped 13*,600
20
28
28V 31V
31V
7,485
86
Do pref.
86 V
88
85
86
do
00 V 91
91
7,000
34 V
33V J4V
34
34 V 35 V
35 v 35V
hir4 Avenue (N. Y.)..
123
*121
122
'121
>120
123
'120
124
’*409
*
28 VjToled© Railways A Light
28
28 V 28 V
28V
29
*28»4 29
913
31V 81*4
81S 81
32 V 32 *4
BL L. A W. v. tr. etfe
32V
1,7ft 5
Do pref. voL tr. eili.
51 v 61 V
61V 61V|
62
62 V
51V 51V
69
91
79V Krooklyh Rapid Transit.. 529,3-C 71
12 /
125
Buffalo Rochester A Pitts
14 2V
88
190
05
213
{213
51V 52 V
*23
2*
69
*16 V 16V
77
*75
*69
7 IV
24
24 V
146 V 155 V
160
163
32 V 33 V
18-9
187 V
’227
233
’16)
170
lb5
160
9 V
9V
23 V 23 V
6 V
5V
17 V 17 V
83 V 89
215V 210
4H)
67(
94
77V
1
Lowest
H10 >ie st
100
107 V
125 V
Oct 22
991>
9 l V
J ’ly 12
Nov 7 153-1
/or
) ear
lUO-share Lots
Lowest
*
*93
Sauce
Ranye 'or Year iun6
>n oasis of
A tch. TopekaASanta Fc 293.^25! 85 V May 2
1.9
1 >«*c 27
z98
100 V 100 V fzDo
prof
3.400 131 VJ’ly 3
125 V 127 4 Atlantic Coast Line HR..
16,6
155V day 2
117 V 118 V |>altitnore A Ohio
57
59
....
*
05 V
220
*
Ghemical.... 4100 4200
JTEW
01
the
Ween
shares
STOCK
103V105V
105V106V
HO * 101
128 V 129
1 18 V 113V
1(15 V 107°a
190 •, 10 V
127 V 128 V
BANKS AND TRUST
JUanks
Salts
STOCKS
NEW YORK
Erida v
Jan 18
Thursday
Jan 17
Wednesday
!
107V
01 :
130 i
119V
93 V;
r1
•
100*4 i oi
•
*130
*80
15
PAGES
Knilrnn 6*.
100
107 V
100
100V TOO7*.
ioi v u»i\
131
is »
110
119 V
93 V 94 V
S)>V Si
*115
128
Jan
PRICES
AND LOWEST SALE
Tuesday
Monday
Jan 14
Saturday
Jan 12
TWO
.
f Ex-right*,
proportion.
Ask
165
Hid
Banks
IklutualJ
....
275
170
Ward*].
North Amer. 245
Northern.... 170
Oriental^.... 270
estate banks,
\ 1st lnstalm’t
a
Hid
Ask
170
160
vrvu
Morris*].. 240
326
300
19;
200
"Nassau^
220
New Amstcr 200
315
New York Oo 1200
375
026
New York... 315
2 >5
500
Night A Day
180
350
19th
Metropoli’n^J
275
275
Pacific^
Park
People’
Pbenix
Plaza*,
Prod Ex«h!i.
KiTorside^i
..
Seaboard....
Second
Stated
oimlv J
34th Street.
12th WardS
23d Wardl,.
n
\ Ask
250
430
V80
580
175
1280
3,5
700
t 325
207 V
400
190
5 New stock.
©New stoex.
Sold at prirate sale at this price.
hts.
Ex-dividend and ngnls.
paid,
....
230
46)
300
160
600
170
250
New York Stock Record—Concluded—Page 2
I 14
STOCKS—HIGHEST AND LOWEST SALE. PRICES
STOCK*
'
Alondao
Jan J4
Saturday
Jan 12
*105
1*7*9 *4
"92
•60
*
, O
*
94
62
7 i Hi
82
1 8 *ft
37 Hi
30
*92 4
93 4
’,1
cl
72 4
•
•70
'4
14H34*4
36
*•26
*14
*34
*19
21
*20
25*2
*50*2
2 5 7t
63
25 4
24
25 4
•504
63 4
*26
ll‘s
34*4
Jau 15
Jan IS
Jan 1 ?
108
934
*92
10634
178H
180* 175” i 70 T
36 4
JO
14 4
30
344
*34
*20
25
60
14
•92
*55
67
93
60
70
174
36
35
35
•26
30
16
144
32 4
34
*22
25
•20
*24
49
50
18
16 4
3 ’3‘*
•26
14
33
14 H
33
204
21
24
4f 25 4
4
48 4
49
104
*92
*5;,
93
59
u7
......
......
......
18
36 4
lui
104
i‘78 4 iVl'3^
59
68
17‘4
18
d u a4
Jridav
Jan 18
106 b 10634
*9j
m
.
4
V.*»
Thrtr8<iny
iso*; i7y**ii i*s{:4 iYyug i*8i*4
i7
J
Weanaday
107
108 4
107H/ *106
Tuesitay
......
17 4
3 \ r,s
69
......
1 64
3g4
dd',
•cii
If
33 4
19
*23 4
46 4
35
14 4
33
20 4
24 4
48 4
...J
56
Wabash
Do
pref
Western Maryland
31
14
Wheeling* Lake Erie...
33 4
Do
1st pref
Do
‘2d pref
Wisconsin Central
Do
pref
industrial Ac Miscell
a dams Express
/v llis-Chalmers
20
24
48
all
,950 102
Deed I l’22
u-I
D 50 U< t
•:> U -op
.SOU 138 2, May *2j
9 i
M ay 21 0*0 , .tan
p.s
Jan
Too 5o
Tor 55
Apr 201 ltd 4 .tun
S4 4 Apr 19; 87 *-j Jan
6,32oi IS Dec20 2 64 Jan
b,57o! 30 4 Dec 29 o.i'v Feb
345' do Dec ‘.'4 44 4 '
22
Apr'iuj
3,you! lli
S40!
Apr 28
d(3
May 2
*2 1 >4 Oct 3 i
‘tool
1 .'jo?
2d
1,1)Do 44
.Mav 2
J’ly 2
*2l;,.i Feb
YearflW).,)
4
2
1 •->
17
Id
24
.7
lid
95 4
*21
48 4 Feb
29 4 Feb
Jan 17
dd
Jan 15
61
*-■
04’s
//■
'test
Jan ;l22 s Apr
May; too •t'ne
Jan ' 1 51:,i Dee
Xov 101
r
J
1 )«*C
02
an
•* an
.
.1 Iy!
*7 4 May;
.Y1. v
•24 H, >.•)»
is
Feb
dO
D>-e
,u.i'!
27
15
d6
Xo\ i
20
20
May
Apr
45
Jan
.M
a\
1O1
0 1 •... I )t*IJ
80
«> I
4
0
0
0
|
Lowest
1 o:.
;
...
Unit Ryslnv’tof SanFrani
Do
pret...
'
United Rvs of St Lou. pro i
a*
16 4
Transit.
Union
Pacific
Do
pref
93
"65
......
Twin City Rapid
Do
pref
!
Lowest
Shares
I
lxxxiv.
!{Hangs tor Jreutoxii
Lots]
Hid hast
'!
(Jn oasud oiWU-saare
the
Week
EXCHANGE
■
Kange /or bear l'.XJS
! >a!-es v
NEW YORK STOCK
[Vol.
I
lit4
May!
.'i ,ir
Feb
2 > H1 51 -U'
dd'-j A 1 g
64 H Gcl
48
*290
♦290
300
Aug27. J‘2d6 Jan }250 Feb
300
($240 JTiel4
*290
♦290
300
*290
300
300
300
14 4
16
15
15
3,000! 10 J’ly d' 27;18 uan 241 Id May 24*4 D« c
15 4
16
15
16
15
16
16 4
39
38
i
Do
S,
40
v
..
24H 46 *2 5! a) 6s J >b
39
3.1
39
39
00;
S(*p
67
Jan
4
42
414
"42
4 40 4
4 40 4
43H
S
4
pret
112
780,650! 0L>-vrJyl3 IIS', ••euld| 7o Jail 1 1 1 4 i>eC
1 LU-Hj 120*8 118 4 120 cg 1134 119;j8 11541184 115 4 117 4
Ilf.3* AnialgamatedCopper
23 4 ‘2 4 4
25
24 4 25
Arner Agricult CUeuiical.
25
25
2a
"234 25
1.20U|’i 20 J’ly d; 34 4 Jan 2. [I 20 Jan 29*8 Apr
"24
25
00
!»«,•) 2 102
*88
102
*87
*87
*87
Do
102
102
102
*8/
102
*87
302
Jail_5;l s'.D* Feb 95 Aug
pret
Dec
Nov 35
21
‘20Hi Ma^ ‘2 do
Jan Oil 2d
2 i34
214
*21 r‘8 22
214 21H
21:4 22 4 *2 14 22 4
213! Amer Beet Sugar
j
1
♦
*
89
Dec
•
Jan
82 4 Get 1-1 89 4 ‘.ni S'! 77
*78
85
85
Do
*.....
85
85
82
85
pref
;
May 43 V-V pr
42 ‘a 4 4 4 American Car & Foundry! 15*50 * d2 ‘i J ly Id; 47
44 4, 44 4
Jail 24 1 dl
444 454
434 4 4 34
4o7q 44 4
44*4 44*2
700! O-i...J’ly Id; 105
Jan 24;.' r.' 114 Jan 104 H a n102
102
lOl 7q 1 ‘J 17ft *1()134 1023.| *1014103
*1014 102
Do
103
103
pref
i
30
30 4 30 4
30 4 304
30 4 American Cotton Oil
•3()34 di15* "30»4 32
•do34 32
2,U5Uj 28 .VIuy 2' U It Jan 11 274 J'iy 40 *8 Dec
Dee 101 05
y7
Feb
OU
.Ian it)
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*88
91
89*4 J’ly
Do
*88
91
*88
91
91
*88
91
*88
91
pref
240
*237
245
*237
247
American Express
lUU;2.5 Apr20;2<2 Aug.ib J209 4 Jan 246 Fei
245
<233
246
240
•237
245- •237
*
1
Jau
14
I
8
i;i4
Jan
15
*8 4
8
<8 M aV V
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84
4^4 Aug
'ft
734
7 4 American Grass Twine
1,200
8
8
8 4
84
814
10
5 Hi Nov21
6
J’ne 11-8 Dec
6 4
200
Jan‘26;
64
6
6 4
*6
6 ‘4
*6
6 4 Amer Hide & Leather....
64
*6
64
64
29
200! *24 Nov 12 43 Jan 25j 29 4 Get 55 *8 -'1 ar
*28 4 29 4
30
30
29
De pref
*28 4 31
*2834 31
*284 3 i
36
Dec
6 :0j do’4 Jan 2 9 4 7s Sep 251 24:,4 J ’iy
86
85
86
87
87
87
87
American Ice Securities.
87
87
86
*
23
1 *ec
29 !i J an 2 2!
16 »4. Dec‘2 i
16 '4
200
1514 Jan
*i7
17
17
♦17
19
19
*17
19
19
Aruericau Linseed
•174 19
d>
Dec
2Jan
d6
48*2
*34
Apr
5d78 Jan 20
*35
38
35 4 35 4 *34
39
Do
38
*35
39
*35
35 4
pref
33
Jan
76x4 Dec,
74
73
714 7234 American Liocoiuotive.
74
74
5 od;»4 May 2 78 s. Jan 4
7'234 73 4
7334
74*4
73^ 74
655 10 s Hi Dec 2 i 120 J4 Jan 16' lOdHi Jan 122", Apr
110
110
•1U941U
Do. pref
'<110 1104 11L 1114 111 4 111 4 *110 112
5 *4 Not
4
J’ue‘29
6 *8 Apr 5
5
Dec
*3 4
Amer. Malt. ctfs. of dep...
4
"34
4
*34
4
*34
4
•34
4
*34
4
26
Nov
Jan 8 297a Apr 5' 24 4 Dec
25
*24
•24
27
*24
27
2?
Do
27
*24
27
•24
pref. ctfs. of dep..
25
*22
*22
28
•22
28
*22
30
Sep 15 54J.j Aprl6|
•22
30
30
28
Amer Pneumatic Service
•22
60
*55
*65
65
*55
65
65
*55
*55
65
Aug < 8s4 Apr 12'
*65
66
65
Do pref
Not
*92
92 4 92 7e
92 4
*92
92 4
92
93
*91
92 4 Amer Smelters Sec pref B
1,000 92 l4 Dec 1 IOI-4 Jan 18| 9714 8ep 102
*924 «34
JaulHl 7934 Juu HO3* Deo
147
5
15
4
ldS‘uMa>
2 174
1
415J
160
151
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7,000
150 4
1614152
149*4 15134
1514 162*4
Siuelt’g de Rohn’g.
Deo
Jan 12 1111* Jan 137
Dec 26 130
Do pref
1,150 112
*11534 1164 11641164 1164 H64 1154 1174 *116 34 1 i 6 34 1x5 4 1154
Nov
20a
100 200
May 250
J’ly 6 220 Jan 25; 163
*190
240
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240
♦19/4 240
205
Dec
Jan 26
Dec 10 IU7
99
Jan 110
"9a
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•90
*90
100
100
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100
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100
Do pref
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100
100
10
y:>4 .\ov‘20 15Fi Jan 17'
67a J'iy lH3* Mar
10 4 10 4
1, -C' >
1U34 1o34
104 104
lu4 10J8
103ft American Steel Foundr’s.
10<*8 10Cb
67
40
•15
'53»4
Hi
Jan
17
Apr
4 45 H
May 2
35't J’ne
46
46
46
46
45
45 4 *45
Do
1,800
4634 47
46°$
pref
Jan 8 130
May 154*^ Dec
American Sugar Refining
133 4 134
o.dOo 127 Hi May ‘J 157
134*4 13334 134
ld234 133 4 Id 1*4 133
1344 1344 134
A ng
140
Jan 19| 133
128
7128
May 141
Hi
Dec
2b
*130
132
•128
133
•128
*128
i32
*128
132
132
Do
133
pref
Dec I48H2 Jau
JdO
J iy 18 144'« Jan 19 131
*125
135
*130
135
132
•131
*130
*130
Amer. Telopli. A Teleg
135
*L30
1./2
130
97
97
97
97
a85 96
97
97
9/
J’ly d 109 Jan 22 917e Jan lOO3* Dec
*97
98
97
Amer. Tobac. (new), pref.
*964 98
33
35
35
33 4 34”s8
33 4 334
3434 35
‘2,you 28 Nov12 48 Jan 0! 20 °8 Jan 47H, Not
*344 36
dd** American Woolen
101
101
650
•100
103
101
Do
J’ly Id 110^ Jan 24l 93 Jau 108*2 -Mar
1014 100
*1004 101 4 loo-a 1004
{1014 102
pref
Dec
282 4 27t4 2Sli4 Anacouita Copper
284
284 4 289
77,550 223 4 May 1 d()0 Feb IJ 100Hi May '295
28634 284 2864 283 *4 2844 27 7
Jan
di 175
Dec x'215 Feb
*110
111
120
*110
1(H) 10a 4 Nov26 178
•110
120
Hi
♦110
♦ilO
120
120
120
L)rooklyn Union Gas
22 *2 Dec
*14 4
14 Hi
•14 4
14 4 15 54
13*4 J’ly 9 ‘2ia4 April
1078 Juu
15 4 *144 164 *U4 154 -Drnnsw. Dock A C.lwp’t
4<>
*50
50
Dec
60*8 Jan
*51
52 Hi
52 4
•51
*51
53
*5o
53
Apr 16 70
May 9
62 Hi Buttcnck Co
524 *ul
49
47 *ft Oct
40
35
36
36
-’g Jan '24
Sep
36
35 4 35 4
36
35 4 35 4
*35
364
4 35 4
1,985 dd:b Dec 24
102
107Hi
Jan
24
101
100
Nov
101
101
lOi
J
Dec
24
Hi
^»°v
I067b
•100 41014
101
101
j.loi
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4 1014
101
1,610 93;,4
pret
-Mar
62
38
May 59
55 4 564
53 4 54,,'8
53 4 56
50,100 40*8 May 2 83^ Jan 26
564 56
65°« 66 4
u4;> Colorado Fuel A Iron...
Mar
85
J’ne29 112 Ha Jan 29
80
*85
*85
90
*85
95
Aug 105
95
*85
*85
90
95
Do
*fc5
95
pref
Dec
17
M ay 2 'J'“4 Nov’26
25 4 26 4 Col. & Hock. Coal A Iron.
27
27
27
27 4 *26 4 27 4
ll3* May 20
25 4 27
25 4 26
214
51
ar
Nov
135
137
137 4
138
Comsolidated Gas iN. Y.).
ldtt
•1374 1384 *137 4 13e4 137 41374 138
1,700 ldOs8 Apr‘27 181*4 Jan 2d 175
24 4 244
234 24^ Corn Products Refg
2334 2 4 4
234 243«
234 244
23*4 24
35,67e| 18*4 J’ly Id 28 ^Vpr 4
85 4 864
*86
87
85 4
86
864 87
85
l)o
85
87
h6H
4,70.'3 74 Ha May 2 85 H Apr 2:
pref
73
70 4 723ft Distillers Securit’s Corp.
73
73 4
72
72 ^
724 734
714 73
12,990 51
Jan 30 7 t f-8 Sep 201 x34 78 •> an 54 *h Dec
735y
♦
*
*
*
80
80
80
May 89 *2 Feb
*,
80
80
Electric Storage Battery.
Sl34 Jan d 81 *8 Jan 19* 76
80
Nov
Jail 22!
60
Jan 145
160
.160
170
*160
•160
170
2251138
Jan 4 199
163
163
"160
Federal .Mining A Smelt’g
170
170
160
93 4 94 4
97
*93
97
*96 4 974
97
95
95
Do
95
95
J’iy J Ll278 Jan 22! 75 Jail 110 '2 Nov
l,0t.‘0 9 1
pref
i
192
.Mai
18
Oct
9i
157
169
M
166
ay
4 158 4 General Electric
156415 /
1564 155 41564 157 4 159
156**8 157
Il,iOO;*156 Dec 19
26 ‘4 J an 15
D •j Sep U
17 4 1<4
18 4
17 4 18
*17 4 18
17 Hi 18
18't J’ne 25 *4 Dee
184
*174 184
2,10
90
Jan Id1
*8U
Deo 17
81
76 >« Feb 88 *4 Lee
81
*80
*80
81
Do
50 80
i8u4 80 4 *c0
hi
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pref
Fen
Jan 29!
Oct 100
60 4 504 International Power
48
500 48
*50 4 59
Sep 11 x95
63
"504 59
6u34 50 :H *51
*5034 59
60
40 v Fell
28
Jan 15
Dec
*39
38
•39
40
40
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40
500
*.>8
40
38
38
May S-’ 26
Intermit Steam Pump....
38
92
Jan
11
81
*/U
79
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200
*80
81
81
81
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81
Do
81
Mayl4j 78 Hi May 88“e Apr
hO
pret
*
.-4 ]g Sep 27!
63
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54' eJ’ly u
*63 4 68
10
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617
70
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67
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64
64
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79
62
81 4 86
So
83
Hi
Dec 171 52
83 7fl 84 4
86 4
‘2
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Aug 09 Hi Dec
84
16,150
84*4 8a 4
•"'a 85 4
844
*116 4 118 4 • 1164 118 H * 116 *4 118 4 *116 4 1 *84
lOO lid Hi Jan f> 1 IS Hi Get 8j L10
Do
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1164 1164
Aug 120 b Mar
118
prei
18 ^ Jail 15
1 1
15
14
12
A ug dl *„ Apr
15
Dl 4 15
90 U
*14
15
May 2
'L4Hi 15
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144 Nat EuameimgAStamp’i
82
*83
89
*83
*83
87
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89
*83
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*83
89
Aug 94
89
Do
Sep 17 88 -2 51 ar s' 80
89
pret.
95
66
M
89 *v Dec
7o 4 71 4 National Lead
v J an 19|
73
73 4
*73 4 74 4 *73 4 744
ay *70 4 73 4
5,65"
24'4 Jan
714 72
115
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-j
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o..O
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4 103
102 4 102 4
102 4102 4
102 41024
Do
IOOI4 .J 'lie 7 LO6I4 Jan 2;
Hl3
97^8 Jau
prei
M ay 168 '4 N ay
138 4 I08 '■!
13a
137
135
J’ly 12 1634 Jan 5 ! 140
137 4 IdS3, 13/4138
13,600 ldd
Ida3, 134 4 1354 New York Air Brake
Jan 12
-< 7 4
81 4 c9
87 4 88 4 North American Co., new
87 4 874
d,'J lo .-7 '•i Nov 12 107
8?'8 88 1.
95’5g Nov 107 A[i!'
87 4
874 88 4
r •>
51 4 ,j.;u 1*9
33
37 4 38 4
39
40
May 53 *| D^c
39
38
394 40 4
d7>4 39 H
374 38
2'
J an
9a 4 96 4
96 '4 9 1 vfc
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964 964
96
96 4 “ 97
12,706 38
J'iy i di 103
97*4 Alay 115 *2 Apr
> 96 H
cop. Gas-L.A C. (Cine.,.
231
13
M
May
16 3a
18'g Nov
*16
17
ay
1 6 :,d
16 4
'64 164 Pittsourgu Coal Co
l,30o
164 16 4
4
1’2*« J’ly 21
160
16 4
16 4
50
•58
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60
*56
60
50
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58
"56
J’Jy O 62 4 Juu 19 45*6 J’ly so ‘4 51 ay
os
J56
56
pref
L
1
6
4!
43
•j
Jan
33
55 4 07
52
58**4
Dec
66 4 56
54
4
.May
65 4 55 4
5
i
Pressed
H:
Jan
Steel Car
7,500
54 4
'v
533i 5534
M ay L 1
Feb 101Oct
99 Hi
Feb 11
87
*99 Hi
37 a 95
•Do 4 99 4
Do
99 H
98-4 99
9s 4 994
09 4
•984 99 Hi
pref
175
175
104 171 4! Pullman Company
179
1/3
•17841784 *1?.*
175> 171 4172
2,977 ISO Deo u 2(0 N <.< v 9; 230 May 258 Aug
5a
56
*5 47s 55 Hi
53 D 55
56 4 55*4
l> ail way Steei Spring...
624 Jan 15 30 M ay 63 Hi Dec
54
54
51
a4 4
2,900 4 4 May
*98 4 99
98 4 98 4 liDo
400
99
99
•98 4 99
D.i
1*1
*98 4 99
974 J’iy i;^ 107 <lan 2l! 93 Jan 106 Nov
pref...4
38
0
40 4
40
39 4 39 *4
49
9,30.
39
22*4 May 2 4 134 D8C 111 15 Jau 36*8 Dec
3.8 4 39 v
Kepuulic irou
Steel...
364 394
Dec
t» 7
Jail I US
51 ay 2 110 *2 .) an 9;
97 4 98 4
98 4 99v,
99
Do
3,000 91
99
99
99*.i
9834 9914
prer
9c34 99
73
75
7 4‘4 7 6
74 4 75
75
73 H 7334
3.700 68J’ly 13 9 ‘ E Jan 12' 60 Jan 118 Hi Feb
7374 4
7d:‘4 iDioss-siieiuokl st. A Iron
Feb
Jan 130
O Do
*102
60 10114 Get IS 113
*102
108
*102
109
1U8
Ape 3; 100
iua
JlOa
}107
107
prei
*
Dec
Jan 118
129
Jan 2 fl66 Novdo
68
15S
*158
16<) 4 *168
fenu. Coal, Iron A RR...
160 4 *153
162
1604 *158
1604
1604 *158
66
88
Dec
60
37
Oct 23
*80
*82 4 85
2*0*0
Hi Jau
*80
87
87
*82
May 2
85
85
85
Texas Pacific Land Trust
*82 4 65
5 >2 Sep 7
*7 4
*20 >8 4
8 4
mon Bag cfc Paper
15‘4 Jan 19!
838 J no 15*2 Get
8 4
*67u
84
84
82 *4 Dec
Get
68
Ian
52
15
Juu
6-1
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200
GO
53
*55
18;
prei
48*4 Dec
48 4 484
48WJ 4;"»
474 474 U. S. Cast i. Pipe A Fdun.
48
49
2.700 43 Hi M ay 2 53 Jan 17; 1978 Jau
484 484
•1734 43 4
53 i4 Dec 26
.-00
87 4 88
Do
uref
9678 Jan 24 79 ‘4 Jan 97;*4 Apr
s87a 89
88:<b 88 4 *874 »S4!
8734 88
134
Feb
•112
♦115
400 109
115
120
*108
115
♦110
United Slates Ex press...
May 1 138 Hi Jan 2U| jlio Dec
*108
120
115
*110
120
98 Hi Mar
75
Jan
SO
*81
*cl
300
86
*81
hi
87
*81
86
U s Realty a liuprove’m
•81
Aug 1 s 91 h> Jan 20; 77
87
86
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Mar 1
27 4 27 4 *26
*26
*26
201
29
28
U S Reduction A Refin’g
30
•26
29
*26
29
40-'-8 J’no 5| 18 Feb 40*4 Apr
60
35
Jan
73‘4 Aug
Mar‘2’2 84
J ne 6
*65
*65
*63
Do
68
*65
*64
68
69
68
68
♦64 4 70
prei.
38
58*8 Sep
51
51
49 4\ 50 4 United States Rubber....
3334 Jan
J’ly id 69 Hi Get
5U34 51
504 5034
*50* 514,
uo's 5U5e
*108
1st pref
109
Do
ior»
$ 108 4 109
106
3106 4 1074 I06
1,165 H01& J’ly 13 xll5 Jan 16 9S'*8 Jan 118 '2 Apr
1064106 4 101
Nov 8334 Dec
78 4 78 4 *74
25U
75
*78
79 4
Do
2d pref
May 2 x87 H2 Jan 151 75
78 Hi •75
79
*75
774 *76
774
49
46 4 48 4 United States Steei
60
49
484
48 4 493s
4 8 7a
501,440 32*8 J’iy 13 50>4 oct 12 24 78 M uy 43*4 Dec
48*4 49 4
4'J3,
Dec
106 4 1064
Do
9034 51 ay LU7
106:4 107 4 106 4 1064 1()534 106 tc 105 ^ 106‘j 104-4 1057a
34,190 9834J’ly 3 IU14 Jan 20
pref
oH^ft Jfec
37
37 4 37 4
37 h:
*36Hi 37 4
35 4 37.
354 35 4 Virginia-Carolina Chem..
4,950 31
J’ly 3 58 Jan 2; 2834 Sep
363a 36
*107
*107
*106
Do pref
1U4
10S
108
108
*106
*107
108
*1074108
108
J’ly 3 H7HiJan 2 103 78 May 118 >4 Dec
*8 L
83 4 84
84
89
91
85
88
9034
9,700 38 May 2 93 Dec 5 36 J’ne 52 *2 Fe!)
844
844 88
Virginia Iron Coal A C..
Feb
•275
oct 26 j’220 Hi Dec 260
2-3
IX/ ells Fargo A Co
*276
100 233
300
305
*230
305
♦280
305
283
Mar23 305
*275
305
95 '2 J’lie
Jan
*834 84
83^ 83 4 TT est’n Union Tele’gpii
1,135 x8d l4 D«'c2l 91 >4 Jan 26 92
3.Aft 8358
83*4 ,-34 *83 4 84
83^ 83«ft
184
176
Jan
5!
152
Apr
150
ir.i
May
150
150
150
149
2,000 L4S
4 1527,; West’gh’seEl A 51 fg assen
*1484 1524
AugdO
14934 ] 4S34 150
Jau 2'2,*187 V? Deo 197
Do
Apt
*167
*167
200 i.62
*16/
JSa
i 82
Novib'iss
185
*167
*167
185
1
1stpref
185
*167
185
*290
16
id00
^■<
_
’Too!
*
I
■
..
*
7',12
_.
........
*
■
(lenual Leatfier
3*,350
*
‘
International Paper.'
National Biscuit
*
Pacific Mail
*
...
U
—•
......
6,20*0
.
2j
_
HANKS
j
Hntikft
Bid
Union Exch*; 245
U S Kxcha’e^;
M'ash.H’htsi;
West SideU..
YorkvilleD
..
115
225
600
400
Ask
255
130
Bid
Banka
AND
A sk
Borough^....
BroadvrayU..
Brooklyn^]
160
410
135
145
1
Bid
N. T.
BROOKLYN
First
390
Homo Bank*; 160
Manufactrs’. 4C0
Mechanics^ 300
250
Nassau
Nat City
290
North Sidel!. 390
Prospect PkV 150
Terminal.... 140
225
Umunli
*
Bowi’gGreenl
440
Broad way Tr.
Carnegie.
Central Tr’st
Colonial
Columbia....
Commercial.
Conuuonw’th
157
196
2025
..
310
165
230
400
«0
150
162
205
MOO
410
235
205
145
320
310
Empire
*425
450
Tr
Equitable
Farm Lo & Tr 1320 13 40
t Bid and asked prices; no sales on this day.
i Less than 100 shares,
•Sale at f*took Exoliange or at auction this week
0 Ex stock dividend,
ASK
CITY
Bankers’ Tr
.
BROOKLYN
TRUST COMPANIES—BROKERS’
|
Trust Co’s
1
Fifth Ave Tr
Bid
r,
310
i Fulton
! Guaranty Tr 485
Guardian Tr
Hudson
Knick Tb’k’r
1 jiw T 1 &Tr
Lincoln TT...
Manhattan..
Mercantile..
225
QUOTATIONS
Ask
555
330
515
235
LU5
i'200
1275
t395 4
470
Metropolitan 585
MortouTrust 700
Mutual
120
490
350
!
Bid
Trust Co’s
1275
305
Ain
|
Washington
400
200
215
I People’s.
.
....
1
j
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......
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93'4 Sale
91
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84>4 Sale
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J i 98 4
934 Sale
J-D
1 1 hese
State .Securities
Alabama cnrr fund 4s ....1920 J.JDist of Columbia 3’65s
1924 F-A 115
Louisiana new consol 48.-1914 1 1
99
North Carolina cousoi 4s. 1910 J-J
1919 A-O
So Garolina 44s 20-40
1933 J-J
Teun new settlement 3s.. 1913 J-J
6s
J-J
J-J
1 034
1314
129 4 132 4
105 4 105 4
1084 1 i l
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....
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....
....
........
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Aileg & W©8t bee Bull K ifc P
Ann Arbor 1st g 4s
A1995 Q-J
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Registered
1995 A-O
Conv c 4s
1905 J-D
Warrants for 50-yr conv 4s..
Adjustment g 4s
A1995 Nov
Registered
h 1990 yf,v
/* 1995
Debentures 4s Series E. 1907
Series F
1908
1909
Senes (4
Series H
1910
Series 1
1911
Series K
1913
East Ok la Div 1 st ir 4 s.. 1928
Atl Knox ifc N bee L A N
Atlantic Coast 1st g 4S.A1952
Charles ifc Sav 1st g 7s.. 1936
Sav F dc VV 1st gold 0s.. 1934
let gold 0s
1934
Ala Mid 1st gu gold 5s ..1928
Bruns <fc W 1st iru g 4a
15*3 n
L «fc N coll g 4s
ol952
811 Sp Oca tfc G gu g 4s ..191s
Atlantic ifc Danv bee Soutli Ry
Austin ifc N W -Sec'Sou Pact lie
F-A
F- \
F-A
FA
F A
F-A
M-S
J-J
A-O
BaltRegistered
& Ohio prior 1 g 3 4s.h 1925
1920
A1948
A-O
M-N
J-J
M-N
J - J
J-J
M-J
A-O
A1943 4'J
Registered
PJtin & M Div 1st
g
3 4S.1925
M-N
M-N
PLJJifc W Va Sys rcl 4sl941
1920 J-J
h 1920 lAf-J
Registered
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Cen Ohio R 1st e g4 4s..1930 M-S
Southw Div 1st g 3 4s...
Pitts Clev 6c Tol 1st g 6s 1922
Pitts & West 1st g is... 1917
Bat Creek A s bee M u li Cent
Beech Creek bee N Y C 6c li
Bellev 6c Car bee LilinoisCeiit
Bklyn 6c 01 on tank bee Long 1
Bruns «& West bee Atl Coast 1ButtaloN Y iic hrie bee Kne
Buhalo K 6c 1* gen g 0s... 1937
All 6s West lot g 4s gu.. 1998
CIA 01 ah 1st gu g 0s....1943
Kocli A Pitts 1st g 6s... 1921
1922
Consol let g 6s....
Buffalo6c Southwest bee Erie
Bull 6c Susq 1st ref g 48.01951
Bur ORAN
bee C R I A P
Cianada
'2d 5s South 1st 0s
1908
1913
-1913
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1004
104 4 Sale
92 ^
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100
....
974
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....
....
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....
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91
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100 v Jan ’06
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....
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......
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121
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118
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1933
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......
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107
108=4
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1184 Dec’06
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111
90
113
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510
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Dec’06
Jan ’07
J’ne’06
91
77
65
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115
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115 4 Aug’05
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1074
1094
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J-D
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J-J
g 5s
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1st refund conv g 4s....2002 J-J
BkCity 1st con 5s.1910,1941 J-J
Bk Q Co A S con gu g 58.1941 M-N
Bklyn Un El 1st g 4-5s.l95U F-A
Stamped guar 4-0s
1950 F-A
Kings Co El let g 4s....1949 F-A
Stamped guar 4s
1949 F-A
Nassau Elec gu g 4s ....1951 J-J
Conn Ry A List A ref g 4 4s'51 J-J
J-J
A-O
J-J
F-A
A-O
J-J
J-J
M-S
15)11 M-N
Incomes
6a...1917
.1917
J-J
J-J
General gold 4s
1988 J-J
Registered
Refunding g 4s
1988
1934
J-J
A-O
M-N
M-N
M-N
Cldc Rock Isl it Pac
J
4s
1910
1912
M
4K
.1..1915
Coll trust SenesH 4s
..
M-N
M-N
M-N
M-N
Registered
2002 Al N
Coll trust gold 5s
1913 M-S
Bur Ced R <t No 1st 5s. 1906 J-D
Con 1st it col trg 5a... 1934 A-O
Registered
..1934 A-O
OR IF ifc NW lstgu 5s. 1921 A-O
M & St L 1st gu g 7s..1927 J-D
Choc Ok ifc G gen g 5a .01919 J-J
Consul gold 6s..T
1952 M-N
Keokdfc Des M 1st 5s....1923 A-O
Chic st i. & N O bee ill Cent
1916
1917
1918
Chic R I & Pac Utt 4s..2002
33
i
•
-
•
95
1184 121
109
1144
113
89
75
65
93
113
99
93
91
944
-
BONDS—Continued
105
Jan ’07
100**
92
223
92
89 4
-Sale
J 105
105
Oct’06
102 4109
100
Oot ’06
101 4 100
Jan’(*7
1054
107
1074 108
no
Feb’96
lio
88
90
89
4 Dec’06
89
89
Dec’06
91
89
1
84
84
84=4
84*4 85
102
103=4 Nov’06
101=4
104
Dec’06
10U=8
1014
95
J’ne’OO
90
93*4
934A)ct ’06
93
93
2
93
91=4
81
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81=4 560 79*4
79
79=4 Sep ’06
Mar’98
105*
93*"
98
May’06
914 96
105
106
89 4
Friday; latest price this week.
...
....
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100
107
104
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no
95
96*4
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U Duo Apr
..
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.
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1004 81
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91 4
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100
115=4
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..
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..
....
....
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94-8
.
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92 4 Nov’06
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90
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90
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90
76
79
90
.
90 4
May’o*
May’06
May’04
7«7s 152
Dec’05
90',
1174
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117
Jan '07
107
120 4 Mar’03
111
Nov’05
52
...
....
109
Nov’06
111
May’06
1074 110
1104 105=« Nov’06
102
92 4
924
89 4
89 4
75 *4
81 4
88 ‘4
93 ‘4
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116=4 119*4
105
106\
111
111
1(576 111=»
Next Page.
Street Kailway
1084
Met St Ry gen ool tr g 5s.1997 F-A
Ref g 4s
2002 A-O
111
J-D
Bway<fc 7tit Av let eg 5s 1943
1134
Colifc 9th Av lstgu g os.1993 M-S
Lex Av 6c P F 1st gu g 5s 1993 M-S
884
Third A ve R R con gu 4s 2000 J-J
Third Ave Ry 1st g5s.. 1937 J-J ♦113
M et W S El (Chic) 1st g 4s. 1938 F-A
*
MU El Ry & L 30-yr g 5s. 1926 F-A
Minn St Ry 1st con g 5s..1919 J-J
N Orl Ry & Lt gen 44s -.1935 J-J
St Jos Ry Lt H & P 1st g 6s ’37 M-N
107
St Paul City Cab con g 5s. 1937 J-J
93
Underground of Lon 5s... 1908 J-D
A-O
Union El (Chic) 1st g 5s..1945
82
United RRs San Frsf 4s.1927 A-O
83
United liys St L 1st g 4s. 1934 J-J
W Chic St 40-yr con g 58.1936 M N
......
y Due J Tie
82
......
....
101'« Sep ’06.
102 4 Dec’06
122 4 Doc’06
1 16 4 Oct ’06
1 42 4 Feb’02
128 4 Feb’06
1**1
Oct’06
.
1214
115 =4
125 4..
.
^
....
uDueJan
on
764
15
....
105 *4 Dec’lb
1014
102
F-A
N 4s
O 48
p 4s
Oct
( >ct
Mil L S it West 1st g
Ext & Imp sfuud g5s 11)29 F-A
Ashland Div 1st g 6a..1925 M-S
Mich Div 1st g 6s
1924 J-J
96
111
114 4
106 >4
1**7 4
95**4
99=4
....
110 4
110 4
110
J’ne’06
137 4 J’ly *99
110
Oct’06
106
Aug’04
182 4 Apr’06
111
Nov’06
120=4
106=4 108
100 >b
104
1879-15)25)
1905)
108
103 *a
Registered
....
Jan’07
Apr’OO
104^106
A-O
Registered
112 4
J-J
1879-1929
Debenture 5s
in
102 4
110 4 .r>ale
105 4
J
J-J
Registered
....
Jan’07
Ill’s Jan ’07
ioi
] 05 4 sep ’06.
104=4 106*4 104 4 Jan ’07
106
1064
106
104 4 Oct ’06
108
92
Sale
9IV
92
109 4
11 5 *4 Oct ’05
106r'a Apr’05
Jan’07
104
Sinking fund 6s...1879-1929 A-O
115* 4
12G
11*0=4
-
106*4
iiU'M
116
19 103 4109
104
105
112
112
2 11*0
103 4
95
96=4
1174
108 *s
-
1105
....
1184 Feb’ub
115
J’ly’oo
......
J
J
J
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....
J’ly’06
117 4 1174
M-N
Registered
1886-1926
General gold 3 4s..
1987
Registered
pl987 q-F
Sinking fund 6a... 1879-15*29 A-O
Registered
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944 Sale
124
1254 128 4
Railway
108 'e Sale
M-N
11*2 4
5b*102 4
;
|
*-
103
Jan’07
1 OH~a
109
Oct ’06.
92
100 78
100 4
132
Oct ’06
102=8
J-J
J-D
A-O
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115 4
JTie’OG
104 4
May’OO
Feb’06
100
......
15)07
6s 15)21 •M-N
Brooklyn Rap Tr
*No pneo
Wis it Minn Div g5s....1921
Mil it No 1st M L 6s....1910
1st consol 6s
15*13
CliiCit Northwcous7s
1915
Extension 4s
1 8S6-15*26
Ott C F 6c St Paul 1st 5s
Winona it St Pet 2*1 7s..
MISCELLANEOUS
1951
Stamped guar 4 4s
Den Con Tr Co 1st g 5s...1933
Det United 1st con g 4 4s. 1932
.Havana Klee consol g 58.1952
Inter-Met ooll 4 4s..
1956
InternaLTrac coll tr 4s.. 1949
Louis Rv Co 1st con sr 5s..1930
Manila Elec 1st A coll 5s. 1953
10 1=4
101 *»
Ced R la F A N
bee B C R A N
Cen Branch U P 1st g4s...]948 J-l>
Cen Branch Ry bee Mo Pan
Ceut of Ga Hit let g 5s..pl945 F-A
Cousoi gold 5s
1945 M-N
Registered
1945 M-N
Street
1910
Div 1st 6s
Sinking Hind del* 5s
^
bee N Y C A H
1st pref income g 5s....pi940
2d pref uicome g 5s....pl945
3d pref income g 0s....pl940
Cliatt Div punnon g 4s. 1901
Mac A Nor Div 1st g 6s. 1946
Mid Ga A Atl Div 5a.... 1947
Mobile Div 1st g 5s
1940
So Minn
Registered
....
Carb A Shawn bee 111 Cent
Carolina Cent bee Seal) Air L
Cartilage A Ad
1919
sale
ioi
J-J
J-J
J-J
Chic it Pac Div 6s
1910 J-J
Chic it P W 1st g 5s
1921 J-J
Dak 6c Gt So g 5s
1916 J-J
J-J
Hast it D Div 1st 7a.”.^1910 J-J
1 si 5s
1910 J-J
J-J
Lacrosse & D 1st 5 s
ii(M*
....
ioi
M-N
M-S
NoV
113
1004 Jau ’07
99=4
2
91
914
914
90
90
Sep ’06
101=4
1024 306 101
110*4 Jan ’05
100=8 Dec.’06
90=4
1 0 1 =0
101=4 15 102
10L4 Dec’On
1014
914
el 989
Registered
106 4
44
76 4
76=0
80 4 May’05
100 4
126
132 4 132’f.
1294
114 4
11 o
93
89 4 t>ale
79*4
76 4 Sale
J-J
J-J
A-O
A-O
M-N
VI-N
M-S
J-J
J-J
J-J
J -J
125;‘t 5 32
■125 ■. 1314
J
100*4
Dec’06
Feb’05
99=4 Feb’*>6
79=4 Dec’06
•**•«
112
91
97
"
J-J
95410L4
954 Aug’Ob
984 Sale
1927
itioh
jl 06
llii
Dee’Ov:
103
105*4 106L I U.»
115
114*4 115
116
104 4
104 4 Sale
104=4 104
112
102 4
*
1004 100*4
97 4
92 4
107
1134
Chicago it Erie bee Erie
Chic In it Louisv ref 6a...1947 J-J
....
96
94
1927
1921
Southwestern Div 4a
Joint bonds bee Great North
Debenture 5a
1913
Han ifc St Jos consol 6a. .1911
Clncifc E Ill refit imp g 4s 1955
1st s f cur 6s
1907
1st consol g 6s
1934
General consol 1st5a.... 1937
Registered
1937
Chic «fe lnd C tty 1st 5a. 1936
....
MS
..
Gold 4s
90 4 92
Sale
102
1919
Sinking fund 4s
Nebraska Extension 4a.
Registered
Dec’06
22
it*l
122
....
j l,o tv
r
4
o
....
103 4
KaiLtvay 1st lien 34s...1950 j-J
Registered
1950 J-J
Clue Burl it Q—Denv D la 1922 F-A
Illinois Div 34s
1949 J-J
117 4 118
....
A
..
Ry lstgug4s ’40 M-N
Mar’02
J’ne’06
Dec’04
J’ly’Uo
loo-;
<
-
A-O
$6 to X.
of
<XAi*
M-N
M-N
M-S
M-S
Greenbrier
Alabama Cent bee So Ry
Stamped
1939
15*35'
1992
Year
o
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JiiyU
1<>7
jios
108
126 '4 Sale j 126
1264
124 4 Jan-’07
12 4
1 5
110 4113‘t 110 4 Jan ’u7
1 02 4
100 4 lo 1
1<I04
loo-.
100
luo
100 4 SuJ<r
■1 J
M-N
U-M
M-S
15*12
t> os
93°s
laba Mull bee At Coast Line
A1 bany «fc Subq
bee Del dc 1 i ud
48.1990
gu
1992 M-S
Registered
Craig Valley 1st g os
1940 J-J
R it A Div 1st cou g 4s. .1989 J-J
2d consol g4s
1989 J-J
5*6 4 1014
96 41014
Knilread
Atcli T<fc S Fe—Gen y
Imp
Con ext guar 448
r/191u
N Y A Long Br gen g4s 15*41
Cent Pacific
.See 80 Pacttic Co
(’has it 8av bee Atl Coast Line
Clies it Ohio g 6s ser A../il5IOs A-O
Gold 6s
a 1911 A-O
......
158
82
88
2 3 101C108
15
97 *4 101
45
924 96
844
102
8
111
117 4
105 8,
101
122
120
20
A
Registered
Air. Dock Sc
j
1
5
Bui
,
15*37 VI-N
15*87 J-J
hi 98l ^-J
5s.. 15*21 -J-J
Leh ifc Wilks B Coal 5s..
i’004
5
10.4 1044
904
83 4
Week's
Range or
Lasi bale
-
1304 N<>\ ’06
1294 Jan ’07
105 4 Oct ’06
111
May’06
......
Hrtce
F'riiau
Jan J8
Jeu R R it B of Ga col vr *.<;
Cent ot N J gen’l cold 5s.
1**24 103 4
102
1044
1004 Jan ’07
pr ices
a re
-
Small
105 4
;
j
i
Hkj/i
1103
26
18
WKKK K\'l>l\'u Jav
General gold 4 4s....
sterTg.1911 A-O ft
2d aeries 66
1911 A-O
X loan 4 4s ctls full pd. 192.0 F-A i
t
2d senes 4 4s ctfs full pant.
JE loan 4s ctfs full paid.. 1931 J-J i
Virginia fund debt 2-3S...1991
6a deferred Brown Bros ctfs.
mo >■
110341054
....
O
RONDS
N. Y. STOCK EXCHANGE
Registered
Japanese Govt 6s
iV-
Year
....
10(*4
1004
Foreitni Ciovemiiient
Repub of Cuba 5s exten debt..
U S of Mexico s t p 5s of 1899
Gold 4s Of 1904
1904
L'a n or
\
107
J’ne'02
104 4 Oct ’0.
102 4
small bouds..kl918 o-F
A1907
registered
j
Ac \!a>w
Hi oh
AsK Low
r.
bonds..4T918
cou
Laet
Nov’06
1044 105 4 L04
1014 105 4 1054 Dec hi6
102
1024 103 4 Aug’OO
103 81024 103 4 103
Q-J
£1918 Q-F
4:19 Is u-F
registered
M ee k 's
but
ti. S (vovemmeul
U
U
U
U
U
U
U
U
U
U
XT
I~rtc
AI)ue JTy
84=4
112
Sale
108 4
108=4
Jan’07
84
113
Jan’07
113 *4
113 4
113=4 Deo’06
88=4
89
89
114*4
1144 114*4
93 4 J’ly ’06
9 107
83
......
109
J’ly’06
107 4 Feb’06
904 Sep’06
103*4 Oct ’06
1104 Nov’06
92 7s
Sale
93
100
Jail’07
82=0 82 78 Jan’07
,86 4 Nov’06
85
874
......
kDueAng o Dae Oct
99
02
110
113
l
109
109
id1*
1194
112
1104
95 4
90
23
4 115 V119
93 4 93 4
....
1
114
Ill
4117
....
....
.
.
,
.
10741074
893* 924
1034 103 4
11041104
92
11
984
....
....
....
....
71
82
90
884
Dec’97
p Due Nov t option
Sola
New York Bond Record— Continued—Page 2
146
BOND*
<
N. Y. STOCK EXCHANGE
Wekk
Frice
Week's
Friday
Kanye or
Jan 78
Last Sale
■z
lo V
? •>-
Ending Tan 18
> •*-
Sul
Ash
See Penn C»
129 V
Chic St P M A O con 6s... 1930 JCons 6s reduced to .‘1 V*cl93< J-D
90V
Ch St P A M iijU 1st v' 6s 191v * N
12'JV
125 V
Nor Wisconsin 1st 6s...1936 J-J
119 V
St P A S City 1st g 6s...1919 A-0
Chicago Ter Trans g 4s...1947 J-J
99 V
Coupon oil
112 V Sale
Chic A West I nrt ren g 6s q 1 932
Consol 50 year 4s
1952 j'. J
Chic A \V Mich see Pere Marc,
ChocOA Gulf See CRI&P
Cin HAD 2(1 gold 4 Vs... 1987 J-J
ibi v
Cin D A 1 1st eu g 5s... 191! Ji-N
C Find A Ft W 1st gu 4s
U-N
94
Cin i A W 1st eu u 4s.195:- J-J
ClStL&O See C C C A St i
Cin S A C See C C C St L
Clearlield A Mali See 15 It A F
Clev Cm C A St L gen g 4s 1993 J-J) 10: v Bale
Cairo Div 1st gold 4s....1931 J-J
Cin W A M L)iv 1st g 4s. 1991 J-J
9b
100
Bt L Div 1st col tr g 4s..1990 m-n
97
Registered
199< M-N
94
8r>r A Col Div 1st g 4s..l94( vl-S
97
W W Vai Div 1st g 4s... 194( J-J
194 V
C 1 St L A C consol Os.. 1920 VI-N
1st gold 4s
99V
fcl93l -H
98 V
Registered
fclP3t
108 V
Cm 8 A (Jl con 1 st it 5s
192e
117 V
CCC.U consol 7s
1914 j-i>
Consol sink fund 7s. ...1914 j-i)
General consul gold 6s. 1964 j-j
Chic St L A Pitts
*
......
n
.
Loie
129*4 Jan ’07
93
19
Ind Bl A W 1st prer 4s.1940
0 Ind A W 1st pi 5s...(<193.'
Peo A East 1st con 4s...1941
Income 4s
199<
Cl Lor A Wli con 1st * 6s.1931
Clev A Marietta .See Penn ItK
Olev A Mahon Val g 5s...1935
Clev A Pitts See Penn Co
Col Midland 1st u 4s
194'
Colorado A 8ou 1st g 4s...1921
Colum A Greenv see Bo Ky
Coi A Hoc a Val See Hock. Yu
Col A Toi Ace Hocic Val
Coi Conn A Term See N A W
Conn A Pas Rivs 1st g 4s. 194:
j-j
A-0
.
.
Low
H iqh
99
.
.
.
.
1
Jan’07
ti
112 ^
98V Dec’06
112V
....
131
135 V
119 V
9JV
96
110
97 v
124:V
101 V
91
Mur'06
iOl V
^07
112
....
91
91
6
10.1 V
100 v 105-v
99*8 Jan ’<>7
I
93 " Jan ’07
100 V Dec’Of
97
Jan’07
V
101V
98 V103
.
| 96
96
I 96
98
I
99V Feb’05
98
Sep ’06
165
99 V
lnl
113 V
119,
i)' 1 n. 101 So
98
...
....
Jan’04
Dec’Ot
May’tK
J ’ue’tk
99v103 V
111) 1
103
! 112
115
1118 V122
....
Dec ’06
!..
i 31* H
6
13i
185
■-
3
95
72 112V Jan ’u 1
21
69
AO
94
70 V Sale
112 V
J-J
110 V
116 V Jan ’0
J-J
F-A
73
9J V
A-O
\|H
‘94
70 V
75
94
'94
101
80
112*4 115 V
-
73
74
31
71
94
94 V
-0
91
79 V
96 V
193 V
104 V Apr’06
119 V Nov’UO
122
Sep’OL
127
J'ne‘U5
121*4 ^«P 'Oli
108 V Aug’uO
102V Aug'96
102 Vj Aug’06
11IV
Term A
improve 4s....1923
Byr Bmg A N V 1st 7s..1996
•VI-X
A-0
Warren 1st ret gu g3 Vh. 201)0 F-A
Del A Hud 1st Pa l)lv 7s. 1917 M-S
Registered
1917 M-S
10-yrcmv deb 4s
1916 J-D
Alb A Bus conv 3 Vs
1916 A-O
Rena A Saratoga 1st 7s. 1921 M-N
Del liiv RK Bridge AccPalili
Deny A R Gr 1st con g 4s. 1936 J-J
Consol gold 4 V -s
193o J-j
Improvement gold 5s...1928
J-l)
Rio Gr West 1st g 4s....1939
Mgeandcol trust 4sA.1949
Until Cent 1st gu g4s a 1917
RioGrBogu AcsKioGrbo
Des Mol A Ft D See M A St I
Dea M A Mum See Ch A N YY
DesMoi Un Ry 1st g 5s.. 1917
Det A Mack 1st lien g 4s.1995
J-J
A-0
A-0
M-N
J-D
1995 J-D
Gold 4s
Detroit Sot them—
Ohio Sou Div 1st g 4s...1941
DuiA Iron Range 1st5s..1937
Registered
1937
2d 6s
191 l
Dul Short Lino Sic Nor Pac
Dul So Shore A Ati g 5s..1937
Idas! ol-.u .1 it see St p M A M
JLaRrit Ten Ye A da See So Ry
Elgin Joi A i..ust 1st g 5s. 1941
Elm Cort A No see Leh A N V
Erie 1st ext gold 4a
1947
2d ext gold 6s
1919
3d ext gold 4 4s
1923
4tli ext goid 5s
1929
6th ext gold 4s
1928
lstconsol gold7s
1929
lstcousoi g fund 7s
1929
Erie 1st con g 4s prior.. 1996
1996
Registered
lstconsol gen lien g4s..1990
M-S
A-0
A-O
J-J
AN
A N
M
54
A C
j-l>
ll-S
4-5
J -J
J-J
J-J
1996 J-J
Penn coll tr g 4s
1951 F-A
60 year conv 4s A
1953 A-o
ButfN YA Erie1st 7a..1916 J -3>
Bull A S \V gold 6s
190S J-J
Chic A Lite 1st cold 5a..1932 M-N
Jed Kit 1st gu g os
a 190li A-0
Long Dock consol g 6a.. 1935 A-O
Coal A UK 1st ear gu (la. 1922 M-N
Dock A 1 nip 1 st cur 6s.. 1913 J - J
N ids Green L gu g 5s. 1946 M-X
N Y Sus A W 1st ref 5s. 1937 J-J
2d gold 4 Vs
1937 F-A
st gold
nlvJ
VO, ,5a...1943
IlegiS ^5,(MK) each...1943
Mid flit of NJ 1st g6e. 1910
Wltk A Eu 1 st gu g 5s. 1942
con
J 04
V 107 V
119
V 126*8
L21
127
Registered, h
1921
brier Ry
See dies A o
G ulf A SI 1st ref A t g 5s 61952
* I an A St Jo
See C B A Q
I 1 ousatomc See N Y N 1L A H
I lock Val lstconsol
g4 Vs.1999
Registered
1999
Col A i l V 1st ext g 4s..1948
Col A Tol 1st ex 4s
195.'
I E A W Tex
H
See So Pac
H
t A T ex Ceil See So pac C<>
ilinois Central 1st g 4s.. 1951
Registered
1951
1st gold 3 Ch;
1951
Registered
1951
Extended lstg3Vs
1951
1st gold 3s sterling
1951
Coll Trust gold 4s
1952
Registered
1952
L N O A 'l ex gold 4s ...1953
1953
Registered
Gain* Bridge goid 4s
1950
LoinsvDivATeriu g3 H»s. 1953
Middle Divregos..
1921
Omaha Div 1st g 3s
1951
St Eou.s DivAtuim
g3s. 1951
102
133
149
lo5
125 V
...
...
......
105
Sale
112
1(8
•
......
91V
Ho
9?V
9
1
4
9
Sep’04
Get V 6
08
92
90
93*4
109*4 111*4
112 V 112 V
Sale
ill
115 V
112
23
11 4 V Nov’06
It). V
109 V
106 \
,
1)
(
*v
....
...
.
5a. 1945 M-N"
194 7 AO
deb 6s....1909 J J
g
i>s
Consol Gas conv
Conanm Gas See P G A C Co
Detroit City Gas g 5s
1923 J-J
Det Gas Co con 1st g fta..T1918 F-A
Ed K1 111 Bkn See K Oo K LA P
Ed E 111 See N Y G A E LH A P
-
Eq U LN Y lbl
cou g 5a.. 1932 M-S
Gaa A Elec Berg Co c g 5a.l949 J-D
Gen Electric deb g 3V8..1942 FA
Gr Rap U L Co 1st g 5s...1915
Hudson Co Gas 1st g 5s..1949
Kan City (Mol Gas 1st g 5s 1922
Euigs Co El L A P g 5s...1937
Purchase money' 6s
1997
Ed El II Bkn 1st con g 4s 1939
•
No price Friday;
113 V
114 4119*8
.
184 v
133
192
10*) V
93 V
91
Sale
Sale
109
,
104 V
122*4
101v
...
135 V
...
......
i
1
F-A
M-N
A-0
AO
A-O
J -J
......
61*4 Jan ’07
137 V 137 V
137V
99
112
Nov’03
61 V Get ’01
88 V 88
Dec 06
......
......
......
103
107*4 IH'C’OO
103 V N ov’9U
98
......
....
101V Nov’OO
......
100
Dec’oJ
101
100V
......
........
Nov’06
93 V Mar’06
v
....
-
..
.
V
118
......
113
118
Due Jan
80*4
It 8*4
__
104
101 v
......
_
90
....
...
....
....
103 V 108 V
95
03
......
117
122
93 V 93 V
5 Due Feb
104 Vi 10
103
103
98 V 101 V
100
lOlv
109 V 109 V
104 V 104V
99V 100
95 V 95 V
J ’ut’iH
Oct ’04
Dec’Ot
Oct ’di
103 V
Muy’06
102V
89V
91
123
May’91
78 V Apr ’UO
78*4 Jan ’97
91
....
99
V101V
101
107V
101
too
105
100
105
91
99-
93 VJ’ne’Ot
101 VOct ’91
100
Nov’OO
102 V
Jau’07
102
117 V
122
Dec’95
95
Nov’98
90
119
122 V 121 V Dec’06
106V
91V
94V
78 V
80
78V
82V
93 V
93 V
ini" iofv
120 V
119V Mar’04
935s May’04
100
4s...1951
'
i 2*3 V
101 V Aug’Uti
103
Nov’04
101 Viol V
Jan’O
105
107 V Dec 02
99
Oct ’Ot
115
115 Hi 115 V Jan ’u7
99 st 100
99 V
99 s,
77
SO
79
79
1 io V 110
Jan ’07
&5
853b Nov’OO
166°b 108 V
99V
107
**95V100”
tIDue
72
Bale
71V
63
K lioxvUlt- A Ohio
See so Ity
f ake Erie A W 1st g 5s. .1937 J-J
".
1941 J-J
* i 2d gold 5s
North Ohio 1st gu g 5s^l945 A-O
Sho A Mich S
See N Y Cent
L.< ih Vai N Y 1st gu g 4 Os.1940 J-J
itegislertsi
...1940 J-J
Lt
M-N
L<
1 g 53.1941 A-O
Registered
N
V
la ruy
U ug I
112V
lo?V
9*3 v ibo“
115
98
73
10J
120
102 V.
80
115
83V
8*
72
3u
70
75 Vi
Oct ’00
l si euar g 4s..
108 V
117
*
96
1945 M-S
107H» Jan ’oi
L12 V Nov'of,
95
116
1 09 V
1 Pis 112 -V
96 4
119
117
117
109
111V
*
9*5 * *9*8 V
Oct ’06
Oct’91
Oct ’91
116
Al-i ’O’
1*12** 11*5* V
96V
120 V
95 V
96V
1U4
113 V Jan 'Ot.
105 V J an’0.
113V H3V
105 V 105 V
114
114V Dec’Ot
113V 117
A. Caney \'ai See Mo 1'
>ock Nee Erio
st consol
eon
goid 4s
gold 4s
4s
iuture
g5s.hl93]
/tl93i
1938
1922
<^J
V-J
99 V
98
J-l)
M-S
1932 J-D
1942 M-S
1931 J-D
•.
goid 5s
"
lu7 '2
r
Registered..
on
1949; J-J
1940 J-J
0i-20 yi col tr deed
1 HA Nash 1st e
M-N
g 48.1923 A-0
6s.... 1919 J -D
Next
*9*5 V i*U2V
*
102 g
110 V
109 V
109
9*9 V " 9*9 V
12
95
ib’i'v i*o*3V
J ;ui ’07
Nov 'Ot
Jan *0-7
10*7 V id9 ’
1 11 V J’ue’oi
*97V
110\
97 V
97 V
110
Dec 06
9734
V 101*4
’*99” i*0*2V
110 v 130 V
111
111
109
169
105
105
114 V 120 V
116 V 121V
......
A Nashv gen g 6s. 1930 J-D
fjsj
.....1937 M-N
Unified gold 4s...:
......
N'ov’Ui
109'4 111
J’ne'00
103V 105
115 V fciUc
115V
115V
116 V Nov’Ot
116V
li 0 i Sale
iOOVj
1 (K»;H
lot V J’ly’06
V-J
MS
1 /<
96 V 1 E C ’01
192
No'v’O.L
99 V Oct ’06
95
91
95
110
J’Ue’04
98
Jan'07
99-’4
94** *.**"’
M-S
BkiynA Mont 1st g 6s..1911 M-S *10J v
1st 5s
1
102 V
1911 M-S
N ^ B A Nl B 1st con g 5s 1935 A-O
no
Y A R Ii lal g 5s
1927 M-S los V
98 V 104 V
22
100
101V
111 V115V
'95 V 100 V
no
no
Pa^e.
(<n.** mid Electric Light
Lac Ons Lof St L 1st g 5s.«1919 Q-F
Rei ami mt 1st g 5s
1934 AO
Miiwauxee Gas L lsl 4s.. 1927 M-N
N Y G E L Jl A P g 6s... 1948, J -D
Puicliuse money g 4s...1949 F-A
Ed El 111 1st conv g 5s.. 1910 M-S
lstconsol gold 5s
1995 J-J
NYA<4Ei LAP 1 si con g 5sl930 F-A
N Y A Rich t^as 1st g 5s. 1921 M-N
Pat A Pas G A E con g 5s. 1949 M S
Poo G-aa A C 1st cou g 6s. 1943 A-O
Refunding gold 5s
1947 M-S
Ch G-L A Cke istjA g 5s 1987 J-J
Cou G Co of Ch lst gugos.’36 J-D
Mn Fuel Gas 1st gu gas.1947 M-N
Syracuse Diluting 1st g 5s.’51 J-D
L'reuton G A El 1st g 5s.. 1949 M-b
Westchester Liaht’g g 5s.1950 J-D
e
114
110V 113 V
1945 M-S
E< ug Xal’d—1st
Apr
112 V Jan ’07
107 :!b Jan ’07
Jan’00
117
107V
.1941 A-O
BegiHtereU
no
137
......
104 V
K mtuoky Cent See L A N
K jok A Des Mo See C li IAP
103
63
100
100
101 V 105 V
S7V
2d gold 5s
1999
3d gold 4s
1921
l Central 1st gold 5s..193.^
It
Gold 4s
1951
Jt lerson UR See Erie
L al A A G U See L S A M 8
T an A M icli See Tol A O C
K J Ft S A M
See St L A S F
K J A M R A B See St L A S F
hi n C A Pacific See M K A rl
K n City Sou lat gold 3a..1950 A-0
Registered
I960 A-0
BONDS—touhiiueii
86 V
Dec’06
117V 117
latest bidand asked this week,
....
’Ut
109 V Sep ’06
104 V Aug'tn
76
li
Unified gold 4s
101 v
lltf V 107
6D4
89 V
89
93 ®b 101^
96 V 101 V-
4
Dec’06
iUO
9J V
70
ioj" 193
102
103 V
lfK)
1U234 192 V
r
r
l S3
!?o
9S‘V Nov’01
i uiv ib*3v
195
98 V 103
100
J’ne’Ol
95 V J’ly’Oi
101
1935
Ferry gold 4 !gs
......
......
riiqK
118
115
91
84
Nov’ot
103
93
H
v
ibovibuv
......
104 V
no
96 ^
! 1 03Dec
100
*
eueral
9 i
9a
99
9 1
161
96 V
4 6 lOO-V
102
lid
127
Nov‘07
99V
104"* Feb '06 -.--II 104 V
117
li7<V 118 '4
V
117 V
2 116 V
101
101 V Not VO
IOJ
128
1 29
J ’]y ’04
129
118
Sep '06
107 V
H O > Oct ’05
105 V
121V Dec’06
1 lf> ‘4 Dec'Uo
11IV115
115
100 V Dec’tKi
100
193
103
Jan’07
iu2
114 V
118
115*4
Oct ’Ot>
104 ^
104 V Get. ’06
i04
108
110
Get’06
109
113
A pi *06 ....0 no
116
j 95 7B
107 Sj
El C A N 1st pf Ua
1914 A-0
Gold guar 5s
1914 AO
Et 1 A Hud K
See Cent of N J
L< 1 A WUkesb See Cent of N J
9 !
Jan’07
98 V
9 J Si
F-A
107'4 100*4
no-i 113*4
9.)
s 0
103
*
A-O
I-*
.
103
104 V
J-J
J-J
107 V107 V
ioj V 1 n v
127
.33
34
99
09 V
20
89
.....
......
......
g
Mar’Ob
111
Dec’Ot
104
J-J
J-J
Jan '6)6
iU9V Dec’06
108 V Aug’ur
110
1 10 v Get
06
99
103. Feb’05
129
1 ..9 V Jan *u7
133
Feb Ut98 V Sale
9 7V
98V
93 V Get ’06
b7
Sale
8 7
87 V
Oct ’<>0
87V 90
......
111
lilSi'tLlAMiOls
Buiialo Cias 1st
99*4
90*4
86
....
...117
•
vi10
gug0s..l926
con g
101V
106
108
105
1UJ
94 >4 100
86 V 92
92
92
86
Oct ’06
lluvili v 110 V Dec’06
112 v Feb'96
112
Memph Div 1st
105
119
90
968i
li
133V133V
...
84 V
......
linn nod Electric Light
Atinutu G 1. Co 1st g 5a...1947 J-D
Bklyn L Gas 1st
133
Xoi l.nio
Dee TO
8S
111
957i- Sale
St L Sou 1st gu g 4s.... 1931
1st guar gold 5s
....
102 V
10rV
93*4
91
88
Dec 06
Jan’02
97
92
92 V
183
106
112 v
bo 105 "118
110
95
.
36 1
1)cc ’X) G
97 V 97 V
102 V
162 V
104 '4 105 V 104*4
88
..
//0/a
'117
Q-J
\N eslern Lines 1st g 4s..1951
Bellev A Car 1st 6s
1923
Carb A Sliaw 1st g 49...1932
Chic St L A N O g 5s... 1951
Registered
...1951
Gold 3 4s
1951
Registered
1951
Aug’Ol
i 30
93V Sale
...
.
lob’03
Feb’06
1*)8V
133 V
....
reen
Jiegistered
19511
Gold 3 Has
1951
Registered
1951
Div
1st
Soring
g 3*gs... 1951
121*4 126 V
.08 V 1 14V
10 J
102*8
101V104V
...
J-J
lieglsLerov!
ErA Ind 1st
....
....
109
J-j;
1
G
98
120 V 126 V
J-J i
J-D
n ny’s Pt Term See St L S W
rt Nor—C B A Q coll tr4s 1921 J-J 1
A-0
119V
120 V
Sale
....
al liar ASA
See So Pac C<
?al HAH of 1882 1st 58.1913 A-O!
Rleorina A Ala See Sea A Line
hi Car A Nor
See Sea A June
0.leorina Pacific
See So Ry
<
dla VGA Nor See So Pac Co
1 ouv A Gswegat
See N Y Gem
rand Rap A Ind Nee Penn KH
Dak
A AG tWaco
Bo .SecSee
C MM AK St
alias
A 'Jl
Del Lack A Western 7s...1907 >1-3
MorrtsA Essex 1st 7s. ..1914 M-N
lstconsol guar 7s
1915 J-I)
Registered
1915 J-D
1st rel gn g 3 4s
20LH J -D
N Y Lack A W 1st 6s... 1921 J-J
Construction 5s
1923 F-A
Last
Ask'Low
Lanoe
hear
1 9t)fi
or
b
(
....
Kanye
Jan IS
195‘-v 1 US V1106 V Dec’06 ....i,106D loyij
108
! 11 4= A pi ’95
101V ......|10ijl4 Feb’06
Hull* 106V
See Ch M A St E
lint A Pere M
See Pere Mai
t
6
98*4
Oct. ’0<
Aug’06
J
Idargo A So
1
b
11 3
107
-
1st general gold os
1942! A-0
Mt Vernon 1st gold 6a.. 1923 A-0
Suit Co Branch 1st g 5s.l93oj A-O
100 V
11 4*h
104 VNov’Ol
0 J
See Penn Co
J Ivans A T H 1st cons 6s. 19211 J
Friday
Hia
111 *4
I Ine A Pitts
1129 V 136
-
Week's
rrxce
N. Y. STOCK EXCHANGE
Week Ending Jan 18
Dec ’03
133V Get ’Ot
129V Mar’tM
119 V
119 H
90 V Noi’Oi
i*3i*v !.*!!.** 1*3 f
Registered
A0
Hiyh
JtOMJs
Kanae
Year
l'JOS
^ 3.
[Yol. lxxxiv.
Due May ZiDueJ’ly
104 V
102 V 105
*
104 V Dec *06
102 V Dec’06
91V 91 V Jan ’07
108
103 V 103 V
103 V
b« V Sale
84V
84 *lul
Dec’iiO
100*4
113 V J’ne’96
99*8
97
;)b*4 Dec’06
103
Nov’uS
IOOSuIOSU
101
93
102
6
3
S3
1(H)
113*4
...
98
r__l
117
102
106
195
103 V
Dec
Jau’07
Oct ’00
J’ne'OG
116
May’05
102
102
k Due Aug oDueOot
q
Dec’05
Due Deo
94V
109*4
92
104 V
118
104 V
...
10434 Nov’05
11.)
120
101
103 V 106 V
102
104
105
98 V
103 V
102
Bale
104*4
117
123
101 V
107V
194
1U6
107
108
-
--
i 10LV108*
147
New York Bond Record —Continued—Page S
1907.]
<
BONDS
lYice
Week’s
Friday
Range or
^ c
N. Y. STOCK EXCHANGE
Week Exdino Jan IS
j
L.
«•*,
£ ^
lUid
Louisv ife Nashv—(Continued
\!-Ni
LCiuifc Lex gold 4 4 s...1931
1V*H< J-J 1
N O & M 1st cold Gb
X O & M 2il pro Id tis
193c J-J |
Pensacola Div gold6a... 1920
St L Div 1st gold t>8
1921
2d
gold
3s.:
Atl Knox ife
1980
V1-S
!
M-S
!
Ash
l('0*i
123
i
R ig/‘. Ao
Mat’05
Dec '00
Lew
Goo
: 127
.
Low
1120
r>
117 41204
1714
....
116
116
_ _
Il034
Jan
1084
’06
Ig6s. 1931 M-S
96*4 984 97% Jan ’u7
Kentucky Cent gold 4s.. 1987 J-j i 103
107*-. 108
J’ly’06
Life N & M <fc M 1st g 4 48 1945 M-S
92
91% 92
Life N-south M joint 4s.1962 j j
Dec’On
114
1124
:
N Fla <fe S 1st cn g 5S...1937 F-A
Jan’i»7
112
112
Pens <fe At! 1st gu g 6s.. 1921 b1. A
111 %
115*4 Mar’05
S <fe N Ala con gu g 5s.. 1939 F-A
107
Dec’05
Sink fund gold 6s
1910 A-0 104 4
97
May’06
L& Jett Edge Co gu g 4s.. 1945 M-S
LN A ife Oh See 0 i <fe L
Hender Edge 1st 8
j
....
*
98
108
'
714
IPS*-
“ i 01 ‘
110
98
93%
111 T17%
1114 112*-
....
LS&MS
Mahon
hatCoal
tan RySee
consol
4s.199o
an
Registered
199u
Metropol El 1st g 68....1908
McK’pt & B V See X Y Cent
Metropolitan El 6'eeMau Ry
Mex Cent consol gold 4s..1911
1st consol income g 3s.al939
A-C>
A O
J - j
100 4 Sale
99 %
104 ~
100 4
Apr’05
lul% Salt
L0134
101%
J
j
.
Civ
g3s..al939 Fly
1911' A-0
Equip & coll gold 5s
-A
Coll tr g 4 4* 1st Ser....1907
Mex Intermit 1st con g 4s. 1977
Mex North 1st gold 6s....1910
Midi Cent See N Y Cent
Mid of N J
See Erie
MilLSA W See Chic <& N \\
MU <fc North See Ch M »fe St P
Minn ife St L 1st gold 7s..1927
Iowa Ex 1st gold 7s.....190l>
Pacific Ex 1st gold 6s...1921
South West Ex 1st g 78.1910
1st consol gold 5s
1934
1st and refund gold 4s..1949
Des M ife Ft D 1st gu 4s...’35
Minn & St L gu See B C R & X
a
ilO
j-D
J’ne’05
118
'*1188
3
935e
92
98
97
100
101
103
Oct ’06
Nov’Ul
1014 Sale
1104
1104
H 64 Jan ’07
106 4
106*.
108*4 Apt '06
10534 Apr On
119
iD%
104 4
105
107 4 Feb 'Ot
105
105
I-N
?-A
A-f»
1104 1114
J 0G lv 108
AN
105'-.
i-S
104
D
1064
-IS
119
Sale
1-N
d-S ♦1014
1917
1920
-
I.V>
A
1-N
'•-A
J
-'-A
1 - J
A-O
A-O
-
j-j
f-D
J-J
*
Morgan’s l^a ife T See S P Co
Morns ife Essex See Del L ife \\
Nash
Cliat ifegohl
St L5s1st7s. 1913
1st feousol
1928
Jasper Branch 1st g 6s..1923
AlcSl M W ife Al 1st 6s..1917
TAP Branch 1st 6s....1917
Nash Flor A Shef See L A N
,
r-j
A O
J
J-J
r-j
lien 4%s.l926 j-j
1951
See N V N 11 A H
New HAD
N J Juuc RR See N Y Cent
New A Cin Bdge See Penn Co
N O A N E prior lien g 6s p.1915
N Y Bkln A Man Boh See L J
N Y Cent A H Riv g 3 828.19 9 7
1997
1934
4a... 1998
1998
g34s--.-199b
1998
Beech Creek 1st gu g 4s.1936
:...1930
2d gu gold 5s
1936
Beech Cr Ext lstg 3*28 51951
Cart A Ad 1st gu g 4s... 1981
Clear! Bit Coal 1st s l 4s. 1940
Gouv A Oswe 1 st sru g 5s 1942
Moll A Mai 1st gu g 4s..1991
N J June R gu 1st 4s...1986
Nr Y A I’u 1st con gu g 4s 1998
994 1004
914 96 *-
CO
1014
...
114
U7
113 4 Sale
Ij
3
3i
9
iu7
.
r-A
r-A
r-A
J
J
-
J
CO
94
>10
116
96%
104% 109%
.
105
109%
108*4 103 %
105% 109 4
b 118 4 125
Cj
103
107*8
.
....
1
102 4 108 4
944
90
4
96 4
96\
110
Mar’05
99
93
IOD'Hj 105
116“ 120%
15 1114 117%
101% Jan ’07
1174
117'4
113*4
1134
‘J
20
94
96
89 4
914
2
1074
107
113
115%
94 4 98
7 124%128%
Kantfe HC<feCl«tsfg5s.l951
Pleas Val Coal 1st g 3 f 5s. 1928
Tenn Coal cen os.:
1951
Penn Div 1st g 6s
al917
Birm Div 1st consol 6s..1917
Cali C M Co 1st gu g 6s. 1922
1 Co gu g 6s. 1910
De Bar c
Valron Co
feColst g os. 1949
M- S
J - .1
MS
MX
j - n
4-0
1 st ext 5s. h 1922 A-0
R \y a- n t R 1st <V’u o- 5 s
Utica ife Blk Riv gu g4s.
N Y Chic ife St L 1st g 4s.
Registered
10 is
1922
1937
1937
F-A
M-N
J-J
A-O
A-0
•
•
112
113 4
1997 g-J
General lien gold 3s....a2047 <i*F
Registered
a2047
J -D
MS
J
See Gt Not
6s
1023
Registered certific’s.. 1923
coll tr 4s
F-A
X P gen g
St Paul ife Dul 1st 5s.... 1931
2d 5s
1917
1 st consol gold 4s
1 96h
Wash Ceut 1st g4s
1948
Nor Pac Ter Co 1st g 6s..1933
Nor Ry Cal See So Pac
Nor \Vi.s See C St P M ife O
Nor ife Mont
See X Y Ceut
/ \ I nd & W
See C C C ife St 1.
Whio River ItR 1st g 5s. 1936
113 4 114
1154
110 <4
1164
1164
113*4 Jan ’07
119*4 Feb’Oo
117*4 Mar’05
'J’ly’04
113
102% Dec’06
87
Sale
87
87
934 Sale
93*4
' 932
98
99
S7 4 Sale
84
87
86
87*-
92
....
K4% Sale
4 .Tan ’05
98*4
99
88 4
87
86%
84%
87 4
86 4
86*4
84%
102
102
100 4
93=4 210
O-F
F-A
A O
J -1)
l}- IV‘
J-J
J -I )
General gold 6s
1937 A-O
Ore & Cal 'See So Pac Co
Ore RR ife Xav See Un Pac
Ore Short Line See Un Pac
102
Mai*04
91%
99%
98 4
102%
86*« 93
85 4 914
864 92 4
,'“6*4 90*4
1 102
105 4
30
57
11
41
2
92
98
104
103%
-D
95
-1)
1 S
11)4
Apr’02
103
Dec ’06
105
Oct *02
101*4 Dec’06
100
....
103
103
....
ibo
104 4
4NEOUS
1942
Series B guar
Series C guar
Series
Series
Series
Pitts Ft
2d78
3d 7s
Penn RR
1942
D -is guar
1945
E 3 4 guar g
1949
F 4s guar
1953
W & G 1st 7s...1912
1st real est
Consol gold 5s
1912
A1912
g4s. 1923
1919
Consol gold 4s
1943
Convertible g 3 4s
1915
Convertible g 3 4s
1912
Alleg Val gen gu g 4s... 1942
Cl & Mar ist gu g 4 4s.. 1935
D R R Rife Bgelstgu 4sg.’30
Gr Rife 1 ex 1st gu g4 4s 1941
100
85
J-J
M-N
A-O
F-A
i 07 *4
93
74
Sale
Oct ’64
75
74
107% Dec’04
May’97
102 4 Oct ’03
105 4 Dec’06
107
J-D
J-D
J-J
J-J
A-O
J-J
J-D
F-A
M-S
....
114%
99% Sale
A-0
M-N
M-N
F-A
J-D
J-J
J-J
A-0
M-N
M-S
M-N
J-D
M-N
M-S
M-N
F-A
J-J
105
95
Sale
i no
105 4 Sale
100
96
102
102
90% 95
974105
88
102*4
73
102%
834
....
....
105 4105 4
Oct ’00
91%
95
17)8*4 Dec’06
105%
18
>105*-
5
96% 101 4
1104
106*4 111
106
2
Friday; latest bid and asked. aDuoJan b Due
Am Telep A Tel
Comm Cable Co
Met T A T 1st s
103%
91% 984
100
12
111*4 1 18
2
103% 104
9
Feb’Ot
99 %
101 4
100
J’ue’Oi
jl02
106
100% 1004
....
124
12
125
99% 104%
101%
101
....
V
104
Sep’Oh
1294 Jan 07
130% Feb '0*
127*4 Oct ’06
129=0
130
127
99
100
90 4
90 4
91
Feb’05
ld‘J
97% Dec’06
132%
130% 130%
127*4 127*4
6
98% 102%
100
100
99 4
96
.
..
....
3
964
90=0
1
s3
99% Jan ’o7
99*.
111
....
99 2
Feb’06
99% Sale
105
104
129
98
103
106%
102% 122 102
3c 100% 106
ion3
73
7 3 3. 54
73*., 78 4
74 4 76
75
Nm’no
95
101
95% Jan ’O’,
101% 10;% 101%
100%
......
......
7 3 % Sale
....
.....
......
......
......
.
....
101 4
122
115 4
112
108
110
94
90
113 %
123% Nov’lh
132
J'ly’99
113
M ar’Ot
1 Os *4
ov’Oi
98 4 Oct '«■(.
122% 125
....
117
98 4
1*1
....
1 ] G
May’Oi
107 4 1114 113 4 Xov’OO
1134
97*8
109
101
1P54 106
87=8
94%
95
-
Jan’07
89
90
Oct ’0‘i
974 1(*5
...
14
....
....
.
.
4 Mai’Oi
105
..
107%
106%
116
116
’
103
166%
104 4 108%
105
106
90 4 90 4
90
92%
95 4 98
89
89
90 4 90 4
5
i174122
Jan’07
108*4 Aug’O.
115
1154
117
98*4 100%
107
95
93
Lib
10 .9 4 114
J’ly’06
103
106%
100
11U% 114%
Dec’Ot
99
109 4 Dec’Ot
lthi
Dec’06
90 4 J ’no’00
90
Oct ’06
104
ss 4
113
...j 1(*7% 1 10
May’Oi
Xov’OO
93
*113
....
984 Dec’O.
96
Jan’04
96*4
96*4 Jan ’Oi
92%
98 4 Apr
HH4
109 4
112 4
98
90 4
109 4
109%
100%
91
100
96*4
’04
Oct ’(Mi
....
Jan’07
108 4112%
109 4112*4
J’ne'05
Jan’07
Dec’On
•
••
•
D9
99
89%
944
127 =8 Oct ’02
1174119
119 ~ J’ne’06
119
Apr’04
104
1064
Dec’Oi
103 4 104
111 4 Sep ’04
106
Aue’O;
92%
93 4 134S 92 101
93 4 Sale
105%
96 4
97% I7n 96
96 4 Sale
102
104% Oct ’05
110
Jan’05
108
102%
Sep ’06
....
90
Jan ’07
96 4 J'ue'06
109 4 May’05
161 4 101 4 J’ly ’06
105
90%
91%
coll tr 4s 1929
92%
1st g 4s..2397
I g 5s
1918
Mich. State Telep. 1st 5s.1924
N Y A N J Tel gen g 5s.. 1920
West Union col tr cur os.1938
Fd aud real est g 4 48...1950
Mut Un Tel 8 fund 6s...1911
Northw Tel gu f 4 4a g..lU34
102*4 103
105% J’iy ’03
103
Jan’07
1004
39 4 100
106 4 Mar’06
103
J’ly ’04
1*0*8%
....
96 4
!
5%
93
1*01*4 1*01%
......
....
103
19
....
109%
99 4 106
1064107
Manufacturing A Industrial
1915 Q-F
68..1919 M-S
Amer Ice Secur deb g6s.. 1925 A- O
Am Spirits -Mlg 1st g 6s..1915 M-S
Am Cot Oil ext 4 4s
Am Hide A L 1st s f g
Am
Dec’03
Dec’06
96%
124
98 4
1014 1914
Mar’i'5
102%
103%
101*8..:... 100% Oct ’06
94%
BONDS—Continued on Next Page
1*02%
102% Apr’06
F-A
J-J
99% Jan ’07
83
J’ly ’06
....
103% Aug’06
Telegraph and Telephone
F-A
F-A
Dec’Oi
1044
94 4
95
....
■
Registered
C B ife O
103
....
113%
112%
113% Jan ’02
98
*
St P ife
DeC’Oi
Xov’OO
Dec’Ot
119 4
4-0
J-J
1996
J'
103
106 4
94 4
95
102 4
J -D
C
T 1 st ini ir As
1 <10‘> J J
Scio V it-, X E 1 st gn g 4 s 1 089 M-N
North Illiuois See^Chi ife X W
North Ohio See L Erie <fc W
Nor Pac—Prior hen g 4s.. 1997 Q J
4s
lie’Oi
119
;oi 4 J’ly’06
-
1164 Sale
95
90
Oswego ife Rome See X YT C
0 C F ife St P
See C ife X W
Oz’rk ife Cher C 1st gu 5s g. 1913 A-O
Ijac Coast Co 1st g 5s....l94t> j-Ij
IT ac of Missouri See Mo Pac
Panama 1st s fund g4 4s..1917 A-O
Penn Co—Guar lstg 4 4 s. 1921 J -j
Registered
1921 J J
Guar 3 4a coll trust reg.1937 M-S
Guar 34scoll tr ser B...1941 F-A
Tr Co certif’s gu g 3 48.1916 M-N
3 113*6119%
Gu 3 4s tr ctfs C
194 2 J D
11 2
1 1 5 *8
Ga 3 *-s tr ctfs I)
1944 J D
119*4 119*4
Guar 15-25 y ar g 4s
1931 A-0
C St L ife P 1st con g 58.1932 A-O
Cl ife P gen gu g4 4s ser A.’42 J-J
Series
1942 A-O
1014 105
Series C 3 4s
1948 M-N
To 82% 874
Series D3 4s
1950 F-A
Erie <fe Pitta gu g 3 4s B. 1940 J-J
Senes C
1940 J-J
X ife C Bdge gen gu g 4 4a 1945 J-J
P C C ife St L gu 4 4s A
1940 A-O
*
....
......
Xew River 1st g 6s..... 1932 AO
X ife W Ry 1st con g 48.1996 AO
g
.104
107*4
1 : S *4 1 20
419
119
Dee VO
118*4 J’lv ’06 !
100
X Y ,fe Put
See X Y C ife H
N Y ife R B
See lanig Island
N Y S ife W
See Erie
N Y Tex ife M
See So Pac Co
Nor A- South 1st g 5s
1041 M-N
Nort ife West gen g 6s
1031 M-N
Improvem’t ife ext g6s.. 1934 F-A
St Paul-Dul Div
i
10-1
102
M-N
M-N
1944
1941
|
........
......
115=8
N Y ife North
See N Y C ife H
X Yr O ife W ret 1st g 4s. 71992 M-S
Regis $5,0lH) only.
71992 M-S
Div’l 1st lit gen g4s...
Pocah C ife C joint 4s..
High
....
125
1 064
M-N
M-\
con
Low
..
99
93
113*0 114%
92 4 98
2
-
Coal and Iron
Ool F & 1 Co gen s 1 g 5s.. 1943
Convertible deb g 5s
1911
Col C & 1 Dev gu 5s g..l909
Col Fuel Co rren irold 68.1919
Gr Riv Coal ife C Istg6sl919
Colorado Industrial
1st nine ife coil 5s gu
1934
Contiu’talC 1st s f gn 5s g.1952
Jett ife Clear C ife 11st g 5s. 1926
2d gold 5s
1920
1951
1952
3 4s
.Vo
3- •104
1*09
1U5
lo5 sale 105
1 102 4 l‘>7 4
D>3
102% 103*-. 103
8
2
94
101*8
93 4
93 4 Sale
94
93
09%
Jan’, 7 1
94
94
0
'4
101%
98%
9
!
98 % Sale
112 4
122 -1 125 4
125 \ Mar'06
114
1
~
139
Jan'63
12>:*%
*
UISCKliL
•No price
J L ife § 1st g
1st g 3 4s
1906
< >
High
Low
A six
Year
S';
Range or
Last Sale
\
Q.M
.....1940 J-J
107 4
104
...
98
Doc ’06
98
122 % 122 4 121%
122 4
122
Dec’o.
93
4
93 4
94 4
114 4 J’ly’Ot;
109
92 *2 Aug’06
101
Nov’U4
J-J
■-A
DO
91
108
115% Apr’06
96
( >et ’05
-
-
91 W,
90*4_
li*7
2
.
.
L-0
r-j
j
fl-N"
'-A
82%
85
88
10
116
Nov’Ou
86
87
92
92
107 4 Apr’06
87
964 103
84% 92%
102
107%
’07
89 4 Jan
d-S
49
2 it
83
87 % Sale
86
104 4 105
9 4
?G
100% 102*4
....
9^4
120%
109
114 4
90 4 97
97
97 4
93% l f*
Apr’06
97=8
87*4
98*-.
118
1
110
110
J-j
•
Registered
1931
5s
N V ife Har
See X Y C ife Hutl
X Y Lack ife W
See D L ife W
N Y L E ife W
See Erie
N Y' ife Long Br See Cent of X J
New Y’ork New Hav <fe llartrH011 salonic R eon g 5s
1937
...
ll%oct ’05
93=8 Sale
97 4
" 21%
90*8 J’ly’OJ
103
103
86
86
87 4
88
87
87
iOS
Fell ’O'
94
Oct ’tit;
A-0
14
984 101
113*4 Mar’05
Sale
87
754
....
8, 4 Sale
102 4 104
193s 1-S
gold 4s
-A
Montgom I)iv 1st g 5s..1947
8t L it Cairo coll g 4s..el930 J- F
J-J
Guaranteed c4s
1931
M ife O coll 4s
See Southern
Mohawk ife Mai See N V Cife H
Monougahela Riv See B ife O
Mont Uent See St P M & M
Registered
85 <V 121*
27 4 138
90. 281
r-A
4-N
n s
1945
Registered
.
6 102% 106
l05^May’00
137
118 4 Sale
General
Mich Ceut coll
,
99 4 103 \
1004 Dec’06
r-j
r-j
Mob J ife K C 1st cons g 5s. 1953
Mob & Ohio new gold 6s.. 1927
1st extension gold 6s../il927
Lake Shore coll g 3
50
........
.....
.
1
J-J
5sl93i
:
......
131
-
Registered
Deben g 4s
1S%
90 4
Unified ife ret gold 4s..l929j r-j
Riv <fe G D;v 1st. s 4s.. 1933j ns
Verdi V 1 ife W 1st g 5s. 1920 rt-S
j
Mobife Birm prior lien g 5s 1945
r-j
Natof Mex prior
1st consol 4s
18*4 Sait
101
A-0
J -D
11-N
rt-s
1945
Mortgage gold 4s
85
25 4
.....
J-l>
J -1»
1938
4s. 1919
Leroy <fe C V A L 1 st g 5s 1920
Pao it ot Mo 1st ex g 4s.1938
2d extended cold 5s... 1938
St L lr M ife Siren cidi c
85
Sale
25 4 Sale
d-S
J-D
M StPife SSM con e4intgu’3K
M S S M & A 1st g 4 int gu 1920
MlnnUn
See St P M «feM
Mo Kan <fc Tex 1st g 4s...1990
2d gold 4s
0x99o
1st ext cold 5s
1944
1st <fc refund 4s
2004
Gen S f 4>yS
1936
St L Div 1st ref g 4s
2001
Dal Jo Wa 1st gii g 5s...l94o
Kan C ife Pac 1st g 4s...1990
Mo K ife E 1st gu g 5s... 1942
M K ife Ok 1st gu 5s
1942
M K ife T of T 1 st gu g 5s. 1912
SherShifc So 1st gu g 5s. 1943
Texife Okla 1st gug5s...l943
Mo Pacilic 1st con c 6s ...1920
Trust gold 5s stamped.al917
Registered
100 4
97
Hint
!
West Shore 1st 4s gu...2361 ! j-j |
2361 1 j-j
Registered
Lake Shore gold 3 4s
1997 j-D
Registered
1997 ! J-D j
Debenture g 4s
i92s M-S |
j. j
!
Mahon CM RR Vst ps 1034 .1 .1
Fitts MeK Jfe V 1st gu 6s. 1932 J-J
1
2d guar 6s
1934 J • J I
'J-J
Mich Cent 1st consol 6s.1909 MS
R W ife O
2d consol income
Istooll gold 5s
40-vear cold loan 4s
8d 7s extd at 4*%
Cent Br Ry 1st gu g
....
^
N
Ail
48...:
'
%
Large
Il'tfft
J'rice
Sri da u
Jan
S
^
R—(Continued
N \' Cent ife H
13t»
122% 172%
107 % 10 7%
3
120
71 4 Sep *06
116
J’ly
6j
75
High
127
.
1074 Amr’06
.
Sale
120
.
.
X. Y. STOCK EXCHANGE
Wkkk Kni>inu Jan IS
iyu*i
s
1122 !4 Mai ’06
M-S
Nor 1st g5sl94i
Last Sale
Jan IS
BONDS
A’n noe
Year
Thread 1st col tr 4 s...1919 J-J
Am Tobacco
4s
40-yr g 6s.
Feb cDneMar liDueApr A Due J’ly
...
1944
1951
A-O
F-A
98
94
2
91
90
924 91
89
100%
89
89% 11
89
Sam
86% 94
88
Jan ’07
88
104
98
1
102
102
102
101
83 4 92%
91
Dec’OG
90
117
109 4
110 4 225 109
109 4 sale
784 94 76% 84
77%
7S% Sale
k Due Aug o Due Oct pDaeNoT
?DtwD«# $ Option Sal*
New York Bond
148
u.»
x.
j
trier
j
J-Vinav
iiia
liu
Peo A East bee C C C <fc St L.
Peo A Pek Un 1st g 6s
1921 Q. F
2u
gold 4^*8
PereAlarq—Chdb W M
114
1921
M
115
105
103^
U
i
Pitts
Pitts
Pitts
Pitts
Pitts
Pitts
Cleve & Tol bee is A O
Ft W & Cli bee Penn (
J uno 1st gold 6s
1922 j • j
A Li Erie 2d g 5s...al928
A-O
MoKees A Y bee N Y Cen
fell A L E 1st g 5s... 1940
1st consol gold 5s
1943 T J
Pitts & West bee B & O
Pitts Y A Ash 1st con 58.1927 M-N
f > sailing Co gen g 4s
1997 i.Y
1997
.1
r
-
1144116
10741074
118
*
y5
92
Sale
120
guar g
1 Ht g
(Is
cr
974 102*8
99 4100 4
95*8 1014
98 4 1004
....
7
92
Jan’06
....
82
100
6s
J-J
F-A
F-A
J-D
11 8->b
814
M-N
M-N
VI-N
M-N
J-J
AO
A-O
M-N
Jan’07
....
79
90
122
94 4
122
.
.
..
94 4
94 4
84
83
82
1
‘J
784
784
2
SI a4
Stamped
105*8
105**
1
94
82 4
76
99*4
89
133*8 Nov’06
~ Dec’UO
1 34
108
134
....
108** 111
Dec’06
116 4 Ayr’01
106 4
106 4 Nov’06
100 -1034 100
Dec’06
1004 Oct ’08
100 4
100 4 Dec’0«
.
„
1064U1
.
100
....
LOO
May’05
Oct ’06
1364 May’06
.
113
11(5
Aug’06
115 4 Dec’06
1154
...
.
81
100
87 4
92 4106
11541154
82 4
fes
82*8
1004
4
4
81 >4
o9
s
88
96 4
107 4
964 Mar’06
107 4
Aug’uO
107
1 09 4 Mar’05
107 4
107 °8
110
Jan’05
1054
103
Aug’06
102
Jan’03
0434 Salt
......
102 4
100
Sale
99
.
.
98 4
May’06
854
i
96
Doc’06
<05 4 Jan ’07
109
Nov’06
0*5
1094
104
10 110
108
106-4 J’ly’06
107 4 Feb’05
105
104
1024 106
Aug’06
1094 no
109*4 Jan’07
111
Jan’07
1114 111
94 4 94 4
94
94
116
Dec’00
58
25
.
.
97
10U34
110
934
97°h
96:S)
88
90
92
109 4110
5
98 4 102*4
98 4 98 4
14
86 *4 89
95
99*8
105
106
109
111*4
106
1084
..
.
92
10 1 4
97
111 4
108
94 4
944
88 4
89
90
Dec’06
109 4 Feb’06
100
100
88 4 Sale
-.....
1U74 1124
uct’05
; ou 4
1034
1024*
104 4
1074
lOl3#
133
136
136 4136 4
116
119 4
1004 1084 107 4 Dec *06
no
1044
4 100-4
100 4
117 4 122
124
130
1344 133
......
~
107*8 112 4
....
.
131
.
•
•
i
....
1034 1054
109 4 112-v
1104115
934 99 4
116
116
86‘4
1 yO'i
3><ir
con
5s
g
1 st g
4s
lHtgdfi
108
Atl A Danv 1st g 4s
2d 48
1948
Atl A Yad 1st g guar 48.1949
Col A Greenv 1st 6s
1916
E T Va A Ga Div g os..1930
Con 1st gold 5s
1956
E Ten reor lien g os
1938
Ga Midland 1st 3s
1946
Ga Pac Ry 1st g 6s
1922
j.j
A-O
J-j
J-J
M-N
M-S
A-O
J-J
J-J
J-J
A-O
M-N
M-N
M-S
M-S
M-S
M-N
M-N
F-A
J-J
Series B
1939
Certificates of deposit....
1st lieu equip s fil g os..1921
1st lien o(J yr g term 4s.1954
Det A Ch Ext 1st g 5s..1941
Des Mom Div 1st g 4s..1939
Om Div 1st g 3 4s
1941
Tol A Ch Div 1 st g 4s... 1941
St Chas Bridge 1st g 6s. 1908
Wab Pitts Term 1st g 4s. 1954
2d sold 4s
1954
Warren
bee Del l^io A West
Wash Cent bee Nor I’ac
Wash O A W bee Southern
West Maryland 1st g 4s...1952
Gen A conv g 4s
1952
West N YA Pa 1st g os. .1937
Gen gold 3-4s
1943
Income os
<41943
West No Car 8<*e feoutii Rj'
W VaCentA P 1st g Os.. 1911
Wheel’g ALE 1st g os... 1926
WlieeT Div 1st gold os.. 1928
Exten A Imp gold os...1930
RR 1st consol 4s
1949
20-year equip s f 5s ...1922
Wilkes A East bee Erie
Wil A Sioux F bee fet P M A A1
WLsCent 50-yr 1st geu4s.l949
U01*
111
111
Aug’06
1144 Dec'041....
113*4
119
934
94
119
Jan ’06i....
108*» J’lv’OSt
119
1034 Jan’07
1044 105*4
104
113
104
110
56 115
1194
116
1174
1
924 984
1 115
119 4
....
1'13S
944 Jan 07
113
96
92
93 '
90
93
110
-
»
-
-
1124
i
1164
117
5
68
1 7.0
119
Oct ’06
694
1124
112
108 '
IO812 Dec’06
1094
110*8
110*4
U4*4 feale
113
119*4
4
1194
1224
112eb
112*4
8
Feb’05
106 4
Oct’06 f
90^
'
92
1144116
1174 Jan’0,
98
I06
6
105
112
107
....
1164
72 4
123
122 4
116 -
112*4
1084
112
1084
Dec’05
1114 Dec’06
4M«y’06
94*4
94*4
109 4
109 4
99*4
113
116
112
72
11
122*6 Apr’06
111*4 112
112*4 Jan ’06
112
109 4
87
106 4
113
96
92
-
....
1127*
112
4
94
Jan ’06
J’ue’Oo
J’ne’Oo
1164 May’05
112*4
-
feep ’Ot
114
Nov’Of
93 4
93fe
116
116
*93 4
1114
117
113
68
118
1*114 111*4
111 4 Jan 'ot
1*12*4 1*13*4
1951 j.j
191,"> J-j
1948 j-j
90
‘
|I064 107 "
....
*8
i03=8
Registered
1994 J-J
Mob A Ohio coll trg 4s..1938 MS
'Mem Div 1st g 44-58.5.1996 J-J
1024
1
1184
1994 J-J
99
lo i 85 4
IIO44
I
108
1 11
Jiiub
127
118
;1014 1014
.
j
Aug’Ofc
86v
1!
Nov’06
107
■
1114114 4
109
109 4 114 4
lb
94 4
94*b
i 11 41144
i
I
J J
J-D
-
90
A-O
F-A
J-J
A-O
1084
1174
J-D
Mar
117
J-J
F-A
J-J
A-O
J -D
A-O
.
1054 109 4
133
137 4
91!
864 Sale
SPacof N Mex 1st g 6s
1911 J-J
feo Pac Coast lstgu 4h g. 1937 J-J
Tex A N O Sa b D i v 1 s t g 6e. 1912 M-S
Con gold 5s
1943 J-J
J-J
J-J
.1950 A-O
50-year golit 4s..
Tor Hum A Butt 1st g 4s./tl940 J -1>
1
[ Inter
A Del lst.cou 1c os 1928 J-D
xJ
1st refund g 4s
..1952 A-O
Un Pac RR A 1 gr g 4s ...1947 J-J
Registered
1947 J-J
Ore Ry A Nav con g 4s. 1946 J-1)
Ore fehort Line Istg6s..l922 F-A
1st consol g 5s
1946 J-J
Guar refund 4s
1921* J-D
Registered
1929 J-D
Utah A Nor 1st 7s
1908 J-J
Gold 5s
1926 J-J
IJni N J RR A C Co bee Pa RR
Utah Central bee Rio Gr Wes
Utah A North
bee Un Pacilic
Utica A Black R bee N Y Cent
\/ audalia consol g 4s ....1955 F-A
> era Cruz
APlstgu 4 4sl934 J-J
Ver Vai ind A W bee Mo P
Virginia Mid bee feouth Rv
Va A feouthw’t lstgu os.2003 J-J
\\/ abash 1st gold os
1939 M-N
>V
2d gold os
1939 F-A
Debenture senes A
1939 J-J
82
......
10258 1U4
104 '
1937 iM-N
.1905-1937 M-N
Tex A N O
bee feo Pac Co
Tex A Pac 1st gold os
2000
2d gold iuc 5s.
02000
La Div B L 1st g os.. .11931
W Min W A N W 1st gu os ’30
Tol A O C 1st g 5s
1935
Western Div 1st g os...1935
Geuerai gold 5s....
1935
Kau A Af 1st gu g 4s....1990
Tol PAW 1st gold 4s....1917
Tolfetlj A W pr littr\ go4s. 1925
Sb
101
106 5g Sale
130 4
Raiiye
,,
101 4 Nov’06
!113 ” Jau ’01'....
..
1912 j A-O
'
1912 A-O
g 6s.l939
Ry 1st gu g 44s.. 1943
fey ra Buig’A N Y bee D L A W
’I'erA of fet L 1st g 44s,. 1939
X 1st con gold 5a
1894-1944
Gen refund s r g 4s
1953
fet L M Bge Ter gu g os. 1930
954 98
1204121
50
81
874
94 V
A-O
F-A
93
!
o'©
'5; <
i
H tat j No -Low
Sep’OOL... ||127
Nov’06!.... 116
L010
jl’J7
jll6
......
1
feeries D 4-os
1921
.Series E 5s
..1926
General 5s
1930
Guar stamped
1936
W O A W 1st cj’ gu 48..1924
West N C 1 Ht con
g 0h 1914
SAN Ala bee L A jSI
125
128 4
109 4 114
92
95 4
....
102 4 Aug’05
82 s
82
98
Nov’06
119
Jan'07
82
82 5b
Sale
82
3
123 4
109*8 Jan ’07
92:V
......
J -I)
£1949 J -D
123 4
115
WeeK's
Ra nqe. or
Last bale
'
ASh
1927 J-J
1943 J-J
1925
1915
stamped
1927
1948
feo Car A Ga 1st gos....1919
Virginia M id ser C (is
1910
Jan ’06
Picl
114
fepok Falls A Nor 1st
123 4
110
111
Jan lb
19‘><! .T..I
1907 .1 ..T
.1938 A.n
Knox A Ohio 1 st
g 0s
Rich A Dan eon
g 0s
Deb 5s
Rich A Meek 1 st,
g 4s
1.32 4
j.j
J-j
j
! j.j
el Oil j J-J
0h series E A F
St Louis div
Mar’05
91
122
<rn
1st gold 6s
1st con guar g ns
A la Cen R
May’05
106 4 Oct ’05
98 4 J’ne’OO
101 4 Nov’01
1
;
I
in'01/
or
£ ^
Co—(Contimieaj[
fetut Isl
-
Registered
110 4
115 41154
97*4
89
j.j
j-j
A-O
EMiun 1st div 1st g 5s..1908 A-O
Nor Div 1st gold 4s
1948 A-O
Minn Union 1st g 6s
1922 J-J
Mont C 1st gu g 6s
1937 J-J
Registered.
1937 J-J
1st guar gold 5s
1937 J-J
WUlds fe F 1st gold 5s.. 193ft. J-D
fet P A Nor Pac bee N or i’ac
fet P A fe’x City bee C fet 1' M AO
8 Fe Pres A Ph 1st g 5s... 1942 .VI-S
B A A A P bee feo Pac Co
SPAN P 1st sink t g 5s. 1919 J J
feav FA West
bee Atl Coast L
fecioto Vai A N E bee Nor A W
Seaboard Air Line g 4s...1950 AO
Coll tr refund g 5s
1911 M-N
Ati-Bixm 30-yrlst g 4s.el933 M-fe
Car Cent 1st con g 4s...1949 J -J
Fla Ceil A Pen 1st g 5s.191." J J
1st land gr ext g 5s... 1930 J-J
Consol gold 5s
1943, J -J
Ga & Ala Ry 1st ecu 5s o 1945 J-J
Ga Car A No 1st gug5s 1929 J-J
feeab A Roa 1st 5s
192c J-J
Slier Shr A feo bee M K A T
feil fey Oca A G bee Atl Coast L
Sod Bay A feo 1st g 5s
1924 J-J
So Cal’ & Ga bee Southern
8o Pac Co—RR 1st rel 4s. 1955 J-J
Gold 4s (Cent Pac coll)./i;l949 ,1 -D
A A N W 1st gu g 5s....1941
Cent Pac 1st ref gu g 4s 1949
Registered
1949
Mort guar gold 3 4a.. A: 1929
Through fet L 1st gu 4s ’54
Gal Har A ti A 1st g 6s..1910
Mex A Pac lstgSs....1931
Gila V G AN lstgugos. 1924
Houa E A W T 1st g 5s. 1933
1st guar 5s red
1933
H A TClstg5sintgu..l937
Consol g 6s int guar... 1912
Gen gold 4s int guar.. 1921
Waco A N W div 1st sr Oh ’30
1105
*
I’ac
feo Pacific of Cal—
lit 64 1114
Mar’06
109
-
1937
,112 4 1 18
98 4 124
100 4 J’ne’OO
2
96 4 96 4
96 4
96
j.j
\.Q
Reiumling g 4s
1951 J - J
5-year gold notes 4 4.-1908 J -D
K C Ft fe & M coug Us.. 1928 M-N
K C Ft S & M Ry ref g 4s 1936 A-O
KlhtMRife B lstgu5s. 1929 \ -O
fet L M & So East gu 4 ‘vgl909 J-D
fet iamis So bet Illinois Cent
fet L fe W 1st g 4s bd ctts.1989 M-N
2d g 4s me boud ctls...2>1989 J-J
Cousol gold 4s
1932 j.p
Gray’s PtTer 1st gug 5s 1947 J - D
8t Paul A Dal bee Nor Pacilic
StPaul M & Man 2d 6s... 1909 A-O
1st cousol gold 6s
1933 -J - J
Registered
1933 J-J
Reduced to gold 4 4a..1933 J-J
Registered.
1933 J J
Dakota ext gold 6h
1910 M-N
Moot ext 1st gold 4s....1937 J-D
Registered
1 hT
.
J’ly’97 1.::;
116
Pries
}c.$
;
Morgan’s i^a A T 1st 7s.1918i A-O I 123 4
Guaranteed trold5s
Ore A Cal 1st guar g 5s.
S A A A Pass lstgu g4s.
1
97*8 Sale
.
Sag Tus A H bee Pere Marq
.
.
•
Nov’Oe
120
98
108 4
OgAL Chain 1st gu 4s g.1948 j.j
Rut-Canad lstgu g4s... 1949 J T
t Jo A Gr lal 1st g 4s...1947
fet Daw & Adirou latg 5s. 1996
2d gold 6s
1996
St L A Cairo bee Mob A Ohio
fet L A Iron Mount bee M P
8t L K C & N
bee Wabash
St L M Br bee T RR A ot fet L
8tLouis A Sail Frun cisco—
General gold 6s
1931
General gold 5s
1931
St L A fe h' RR cons g 4s..’96
feouthw Diy 1st g 5s.. 1947
.
115 4 Mar’06 !
137
Nov’97
.1
T.
!
<.
Ayr’02 1
Nov’Ob !
Southern
1st if old (Is
No of <
1 1st
Dec'O
120
Oct’01 i
107 4 Nov’06
1074
Jersev Cent coll g 4s...1951 A
0
Rensselaer A fear bet 1> A id
Rich A Dan bee South Ky
Ricli & Meek bee Southern
Rio Gr West bee Den A Rio Gr
Rio Gr J uuc 1st gu g 5s
1939 7 _n
Rio gr So 1st gold 4s
1940 T |
G uaranteeil
1940
Rocli & Pitts bee B R A P
Rome Wat A Og bee N Y Cent
Rutland 1st con g 44s.... 1941
Hi<m
4 U04
Southern—1st
T
.
how
s
1
,1064 feep ’00
J -JJ
1U06
! 107
....
j
jll34
11K
109
T. n
IV Registered
[ Ao
i 10 t, Sen ’u4
!l09
4s.1931 F-A
Phil B & W See Penu KB
Pinla A Beading cons 7s.1911
HluU
Get ’0!
123 4 Jan ’05 j
....
J •U
M-N
g
1
[100*4
A.O
SagTusA H lstgu
1
01921
os
j^jj
BPNI»
N. Y. STOCK EXCHANGE
Week Ending Jan 18
.
(VOL. LXXXTV.
4
11
\L010
A eh
tonice
Year
;®5ji
or
saie
98 U
1
-
Last
ilo74
M-N
I
liau^e
Jan 18
Penu Kit—(Continued)
i^!|
V* eex's
c
£
■
BON
N. Y. STOCK EXCHANGE
Week Kkdutg Jan 18
Record—Concluded—Page
J-J
93 4
108
112
A-O
A-O
J-J
A-O
Nov
J-J
A-O
J-J
F-A
M-S
J-J
J-J
J’ly ’00
i
Nov’01
1
109
May'OC
117
Jan’07
93 4
934
111
Dec’Ou
I
....
1109
112
1119
1204
L
94*8 1004
10*4 HI
l!
1174
1174
110
124
1
92
Nov’OO
85
102
110
Mar’06 ....! 108*4 HO
106 4 Nov’04
Dec ’no
115
1114 1154
HU
Hi
May’04
102 4
102 4
i!!iu0 109
102 4
ol
96
97
97
97
95
•J 89 4 99 4
89 4
8)
89
4 93*4
85*4
87 cj Jan ’u7
>8-4 00
814 82
814
fe‘2
7:1*4 84 4
94
95
Deo ’Ol
95 ' 95 ~
112
Dec ’06
108*4 112
110
1134
93
93
94 4
feep ’06
101*4 Sale 1014
102 4106*4
1014
1004 Sale 100 4
l U l *4 106 4
lOUfe
98
feale
98
98
8' 98
102
123Sale 123 4 1-34
i! 120
126
113
113 4 1124 Jan ’07 ....! 115
119
94 4 feale
93 4
914 112
93*4 97 4
90
1074
l
....
18'jj
944 Oct ’Ob
Aug’06
94
105
J’ue’OO
110
102
105
iu6 4
110
102*e Feb’06
98
feep ’06
110
Jan’07
1114 111
113
114 ' 113
113 4
105 4 bale
105 4
105 4
85
Nov’OO
95
72
76
71*4 Sale
M-S
J-J
J-J
J-J
A-O
M-S
A-O
J-D
J-D
117
100
88
1084
...
...
93
95
79 4
80
304 Salt
81*1 Sale
114
76
76
71*4
101 "
7i>
....
-T-
1."
05
161
Dec’06
Mar’06
108
Nov’04
81:‘J
98
7
1154 1164 Dee’uO
92*8 Nov’ot
30
May’06
90 4 39 3 4
4
98
108
1144
112 4 119
104
100
87 4 98
7*'4
74*4
100
13
94 4
105
110
102*8 loe
93
93
108
5 108
97
85 4 May’06
84
93 ~ Lee’06
92
102
Jan’07
79 4
15
80
79
30
31
219
32
814
4
804
75*4
" 101 W
9H
1114
854
954
*9*(Pf
414
82 4 8^4
7 04
0s
114
118
32*6
974
30
31
10n4 109
1104
....
108 '■
Ill)
87
88
884
89
1094 Dec ’at •
110
”
Dec ’90
111 L Au'f’O.'i
87 4
87 fe
102 4 Dec ’05
1
884
11)9*8 114
89
110
112 4
i|
86
93 4
20
39
95
MISCELLANEOUS BON On—Concluded.
ftinnu tact u ring A Industrial
Beth feteel 1st ext ef 5s.. 1926
J-J
Cent Leather 20-year g Os.1925 A-O
Cousol Tobacco 50-yrg 4s. 1951 F-A
Distil feecCor conv 1st g 5s.*27 A-O
Int Payer Co 1st con g 6s.1918 F-A
Consol conv s 1 g 5s
1935 J-J
Int St Pump 10-yr conv. 6s T3 J-J
Knicker Ice (Clue) 1st g5s.’2S A-O
Lackaw feteel 1st g 5s....1923 A-O
Natfetarcli
M-N
Nat Starch Co s t deb os.. 1925 J-J
RepubI A49 1st A eoltros. 1934 A-O
U fe Leath Co s tdeb g6s..l913 M-N
U S Realty A Iconv deb gos’24 J-J
U S Steel Cory—f coup .<11963 M-N
SI 10-60 yr5s_( reg ..<11963 M-N
Va-Car Chern col tr 5s g.,1912 A-O
"WestinghotMy EAM el5s ’31 J-J
MtgColstg6sl920
'
No
JiiHcellaneous
|
914
90
98 4 Sale
78 4 Sale
88 4 Mile
107
feulo
9 L
99 4 101
Aug’06
..
90
984
96
984 92 964 102 4
77
34
76 4 83*4
784
88
90
88*6 103 81
107
107 4
2 105 4 1104
91
92
3
100
92
loo
Jan ’(>7
101
104*6
97 4 Oct ’05
lol 4 feaio
1014
102
S3 ioi 4 108*4
82
Jan ’07
80
93 4
75
72*4 Nov’OO
72*4 77
95
974 97
97
i 924 98
105 4
105
Dec'06
105
109 4
94
Sale
30
93=6
94
904 99 4
97 7s Sale
974
98
1270
95*4 101 4
98
feale
97*4
9^4 14
9 a =a 100*4
98\ Sale
3
98*4
97
98*4
1014
97
feaie
96
97
27
97
984
......
.
...
......
price Friday; latest bid and asked this
....
....
week.
aDueJan
a
Adams Ex col tr g4s
1948
Am Dk <fe Imp 5s
bee Cent N J
AmfefeCoof W Va g 5s.... 1920
B’kl’n FerryCo 1st cons gos ’48
Chic Jc A fet Yard col g5s. 1915
DetM A M ldgr incomes..1911
Hoboken LAI gold 5s...1910
Mail feq Gardenlst g 5s..1919
Man Bch HAL gen g 4s..1940
M-S
J-J
A-O
M-N
M-N
....
d Due Apr
e
Dne May-g Due J’De
102
102*4
391,102
104S
100*4 J’nc’O.
F-A
M-N
Xowp Ne Ship A D D 5s <11990 J-J
N Y Dock 50-yr 1st g 4s. .1951 F-A
Provident Loan feoc4 4s,1921 M-S
fet Joseph Stk Yds lst4 4s. 1930 J-J
fet L Ter Cupples Stat’n A Prop
Co 1st g 4 4s 5-20 year.. 191'< J-D
S Yuba Wat Co con g 6s.. 1923 J-J
fep Val Wat Works 1st 6s.1906 M-S
U S Red A Ref 1st s f g 6s.1931
Due Feb
102 4 feale
M-N
94
94*4
41
108
J'ne’O:
•70
feep’o^
5u
Feb’Uj
"95
99
41
Oct ’ct
-
9*5 "i
Mfty’061...
58
69**8 ’ 78*
93
99
98
99
95
108
100 4 feep ’OM
112
J’ly ’04>...
1134 J’ly’OO
...
95
ZiDueJ’ly
95
j>
Jan’0?j...
Dae Nor
iOptioa Sale
CHICAGO STOCK
Jan 14
Jan 12
.
Jan li
19Ufi
of
CHICAGO STOCK
EXCHANGE
FYtda%
Thursday
Jan 17
Wednesday
Jan 76
Tuesday
Jan 15
Monday
Saturday
Range >or Mnviout
Yea r (190 5 )
Mange for Tear
Salts
the
STOCKS
LOWEST SALK FRICKS
STOCMH—HIGHEST AHD
and Yearly
EXCHANGE—Stock Record—Daily, Weekly
Week
Shares
Knilronds
•
*4
64
*5
*154
42
17
15 4
*63
*85^
si *v
27 4
71
4
•o.'
*2?
•70 4
*35
•25
*27
*7o
26
Ho
•62
yo
33
07
20
■
•32
*97
*25
*
yo
*35
*25
64 4
*89
33
99
29
33 4
*97
*25
264
65
32
*97
*
*5 4
‘5^!
Last
65
65
Last
65
87
27
704
I
soy
*854
28
27 4
71
40
*35
*25
*62
40
*1 8
63 l4
85 4
63 *si
8 71 v |
v7
71
'15
54
184
63 4
874
i4
164j
La s ■
Last
54
7134
71
*35
*25
*62
72
40
26 4
644
Last
Last
40
26 4
65
X
67 5
50
566
492
*34*
*32 4
*<»7
*25
98Q
29
34
33
"29*
Last
Dec31
Dec 61
100
1
295
21
Jan
Dec
46
Oct
284 Jan
54Q
*130
*129
*1264 1234 *1264 1284
80 4
19
109
109
*31
38
*37
110
107
53 4 65
*31
38
38
110
*107
*53 4 55
*1
14
6 4
*1
*
6
♦144
*
*6
140
148
118
•
I*
1074 1074!*1074
122 4 123 H 1 L V 5 4
•47 4 4o i *47
4
*55
58
»4
111**
94
*135
1*4
28 4
Last Sale
Last sale
*1
*6
143
48
'115
14
64
148
48
107
123
107
1234
107
107
123 4
123
48 4 484
La-s t Sale
Last sale
ijast Sale
LastSale
Mar’06
Jan ’o7
Jan
143
49
11581
106 4
122 4
1154
107
122 4
83
31 4
117
*55
94
58
94
58
*55
94
68
934
!
94
11234 113 4!
4; 112 4 113
*135
137 :
1*135
137
loiy
102
I02 4'*l0l
102 4 102
14
14
1
14
1*4
14
7
1
74
7-y
7
4
7 4
76e
29
29
19
100
100
100
100
pret
Cal A Chic Canal it D100
Central Trust Bank. .100
Chicago Auditorium
Chic Brew’g A Malt’g....
Do pref
Chic Edison
100
Chic PneumaticTool. 100
Chic Telephone
100
Chic Title it Tru8t...l00
100
Diamond Match
J’ne 9
Nov 1 *2
J’ne 15
Feb 19
31
10
4
276
365
228
Illinois
Do
Feb’06
pret.:
...100
J’ne’04 London it Clue Coutr
9
Dec ’04
50
10
Masonic Temple
A Clue Brew’g
Do
9” s
sep
Oct
•'X I.
734 Sep
pret
81 4 National Biscuit
100
Do
pret
100
84
National Carbon
100
Do
120
pret
100
51 ay’05 Pace Wo Wire Fence
J’ne26
May 2
114 1134Jan 4
Jan 5
•J40 78
106 112
Dec 14
117
4 Ply 10
88
J’ly’06 People’s Gas 1,4 C’kelOO
LastSale 99 4
57 v Sears Roebuck com. 100
*55
65 4 55 4
95
do
93
4
94
.94
pret
100
100
1114
1124 Swift «fe Co
112 4 113
136
The Quaker Oats Co. 100
130
135
136
Do
103
102
prel
100
14 Unit’d Box lUiit P ColOO
14
14
14
Do
74
74
pret
100
7*b
7^
100
25 4 Woatern Stone
25 4
25
38 u
50
Aug
92 4 Nov
2
3
2,124 1014 Jan 17
100 115
May 16
368 99 4 Dec 6
4 Dec21
1,168
5 4 Dec 28
890
56 28
Dec 20
44 4 Mar
2
J an
19
Sep
Dec
Deo
Sep
Mar
Aug
Oct
Ai&r
Jan
J"U
Jan
Feb
58 4
32
Jan
125
Alay 143 4
95
Apr 118
134 4 Feb 145
55
J’ne 67
Jan 23
11
Feb 42
63
Feb 75
Feb28
,
Apr
Apr
Jan
Feb 9
Jan 15
Jan 9
Feb
48
Sep 25
2 4 Feb 3
23
Alar 7
May 2 2
14 M ay 29
62*
76
125
38
98
Jan 17
Nov
Nov23
80
46
2,362
Jan
60
314 Dec 19
40
Oct
35
Feb 6
40
Mar 112
105
1134 J’ue
0
J’lv
50
64
w’eb H
50
175
May31 1484 Fal) 15
10
Jan
10
16 4 Feb23
1
4 J’m
1
Mar 6
7
6
J’ne
7
Jan 16
172
Jan
Feb 15 153
105
Feb 23
21
14 4
73 4
Jan 110
Feb 134
Jan
594
4 Jan 105 4
84 Dec-
Nov
Feb 13
16
Mar 6
1
Novi 4
6
136
J’ly 31
48 4 Dec 24 63
101
Apr27 139
103
May 3 118
118
J’ne 6 147
714
41 4 Sep 1
79 7e
Manufacturers’ Fuel
J’ly ’06 Mil
Sep ’06
72
130
136
81
112
lOS^M ayl8
100
Brick
Nov’05 Knickerbocker ice...100
84
*117
120
1-0
1. a st .Sale
11741174
100
Booth (A; & Co
Sep
Fel>
09
Dec
21
Ma> 29
Oet
60
Alar’ 68
100
90 4 Mm
Aug
27
Aug; 30 S,-p
97
Dec! 103 4 Mar
Feb
40
J ’in j 72
117e Jan 20
Jan 25
J’ne28
6
51
J’ly 13
Feb 9
115
150 128 4 Deo 3
1,107 54 Jan 13
Jan 11
40 101
Feb 28
17
Jan 23
36
Oct 12
106
M uy20
83
55
100
Amer Radiator
Do
pref
Amer Shipoldg
Do pref
Amer Straw Board
Do
746
100 1,239
10
pref...
17
SO
84 4
*80
Do
Feb
51
66
1
100
American Can
48
48
84 4
84 4 85 4
1174117 4 •116
85
85 4
1174 1174
85
86
1174 1174
*80
85
117
117 4
’07
*48
Last Salt 7 4
LastSale 32
1114 112
j
May’06
Last sale 16
Last Sale 1
Last sale 6
xl43
48
48
63
53
Last Sa le 175
*46
86
*.5
93 *8
14;
8
*27 4
64
146
5 4
64
64 4
62 4
*130
*126 4
79
79
1084
•107
Jan ’0?
30
*
38
37
Jan’07
109
54
644
1264126 4
79 4 79 4
46
1164117
111
137
8
14
1164 '115
107 - 107 4 107 4
12334 124 124
*47
48
48
6
81
1W
53 4
54 4
54
54
54
*130
130
130
*126
4 128 4
128 4 128 4
80
80
80
SO^
109
109
•31
*31
*37
38
38
*37
*107
llo
110
'107
53
63
*53
55
*1
14
*6
64
'140
148
85
84
841
117
117
•83 Q 85
*116
117
64
6
67*
6
54 >2
Feb.
82 4 Jan
20
Jan
59 4 J a n
55
J’ly
Miscellaneous
6
A ug
6 4 J’n»
26
J’ly
30
J an
Marl 2
Feb23
Mar 1
85
Mar 14
28 4
23 4 J’ly 24
60
May 23 684
8'a 4 Apr 36 99
27
May 18 354
97
Deo 26' 162
23
Apr 10 60
25
...
16
74 Jan 17
2
o'-»
Mayl?
3 :»4 J’l.v 13
4
J’ly 12 134 Feb 20
12 4 M a>' 18! 46 4 Mar 12
544 Ian 2 68 4 Feb 9
8 >
Oct 31 i 934 Feb 8
J’ne 8
25
Oct 30: 39
72 4 Nov 3
65 4Oet23
4
5
2 90
<n c
J’iy
J’ly
18<*
15
jClue
Jan, 265
5
Jan
Sep 28 200
140
.100
Clue City Ry
Chic Pass Ry
Dee'06 Clue A Oak Park.. ...100
Sale o
...100
Do
Dec ’06
pret
Sal* \16
414 Chicago Subway......100
j
40
Jan ’07
Sale ;o 4
Union Tract.....100
...100
Do
Jan’07
Sale 9 *8
pref
65
\
Kans
63 4
City Ry A Lt ..100
65
Do
87 4;
*85 4
87
pref
: ...100
*J7 Vi Metropol \V 8 Kiev•..100
27 4
27
...100
Do
71
pref
71
71
J an ’07 North Clue Street.....100
Sale ■to
Jan '01 Northwestern Kiev•..100
Sale 25
...100
Do
65
‘63
prel
100
89 4 South Side Kiev
894
33
StreetsW Stable (J 1,100
'32
33 4
99
...100
Do
'97
prel
Jan ’0? West Chic street... ..100
Sale 27
Oct’06
Last Sale 140
180
*5
4
17
4 1 4,
414
*18" "l" 4>!
1S34
63 4
*1H
*62
*
17
42 Q
5
*5
1 5 4
*'•
O'J
180
*160
180
*160
180
•160
*160
1 Highest
Lowest
Highest
Lowest
Dec
Feb
Dec
Aug
Nov
Nov
Oct
48 4 Aug
Oct
2 4
23
Oct
524 Aug 674 Dec
79 4 Dec 17
119
Oct 24 1104 Aug 120 4 Alar
86 4 Deo
41
J an
95
Alar 3
J’ne
Jan 126
122 4 Mar 9 110
5
A pt>
54 May
1104
Apr
93 4 Mayl7
994 Alay
63 4 Dec 6
99
Sep 13
Jan
Dec 114
119 4 Sep 27 101
Dec
46
Jan 165
1624 Jan 6
109
4
Nov
864 Jan
1064 Feb 15
2 4 A pr
1'4 J’ly
24 Jan 12
16
Deo
H
A ug
17 4 Jan 20
41
A ug
Feb
23
42
Alar 2 7
Mining
Last Sale
Last Salt
Last Sale
Last Sale
LastSale
Last Sale
Last Salt
LastSale
10
Nov’06 Biack Mountain
is4
Jan’07 Daiy-West
20
Nov’06 Hubbard-Elliott
4
So
Feb’06
J’ne’06
4
77s
shannon
.
85 4 Feb 23
6
Feb24
15
No Butte
10
.
36 4 Alar
7
294 J’uolO
74 J’ly 14
14 4 M ar 7
34 J’ly 26
36 4 Mar
J’ne’OH Bingham Con Mining 50
294
64 Feb 20
7
444 Feb 21
14 4 Alar29
204 Nov o
44 Oct 2
804 Feb 23
7 4 J’ne 16
64 Mar 7
26
25
Adventure Con
Mar’06 Allouez
Mar’06
5 78
,V6'
Chicago Banks and Trust
Chicago Bond Record
Comoanies
*
£
CHICAGO STOCK KXCH’GE
Wri k e.mjink Jan IS
isfc
.1910
Amer Biscuit 6s
Amer struwbuatd is! 6-. .1911
Cass Ave A F O (St 1.) 5s 1012!
.1927
Chic Board ot Trade 4s
Chic Consol Hr A Allt6s
.1939
Chic Consol Trae 4 4s
F-A
J - J
-•«■« -*■*
..
Loads Sold j
Mange or
Last Sale
1
!
.
Wees’s
Frice
Friday
Jan 18
J-J
A sk !
But
11iqIl\Fo.
Jxno
| 997i,May,00
994
1014 1
1014 Sale 10L-S
lot
Mar 06
...
,
J -D
J - J
J -D
103
1
Chic Edison debent 6s... .1913'J-.-’
Sale
fi 1926 A-O I MOL
1st gold 5s
loo
Chic Auditorium Jst 5s.. .1929 F-A 1
98
Clue Dock Co 1st 4s...'... .1925 A-O
.1912 A-O
Chic No >h<ue Elec 6s.
.1919 J-J
Chic A Mil Elec liv 5s
79 4 Sale
J -J
Chic Durum Tool 1st 5s _al92l
'
t
r
‘9
Apr’64
| 57
.
i
87
Feb’06
77
79
79 w
Nov’04
80
Apr’01
101
101
57
U‘04 104
2 1004 1034
964 964
f>5
-
I
.
•
.
...
87
87
..
‘21)09 M-N
.191 3
Collat Trust e 5s.
Commonwealth Elect 5s.51943
1928
Illinois Tunnel 5s
Kans Cilv Ry A Lt Co 5s .1913
Kmckerb cker Ice 1st 5s .1928
Luke Street El 1st 5s.... .1928
.1925
Income 5s
Metr W 8uie Ei 1st 4s... 1938
l 9:;y
Extension g -is
.1909
Nonii Clue 8t 1st 5s
.1916
1st 5s
.1931
Refunding g 4 4s
No Clue City Ry 4 4« -- 1927
North Wost’n Li’l st 4s.. 1911
1945
Ogden Gas 5s
1916
Pearsons-Tatt 5s
4’46s
A-O
J-J
91
People s Gas LA C 1st 6s 1943
1947
Refunding g 5s
Chic Gas Lt A C 1st 5s. 1937
Consumers’ Gas 1st 5s. 1936
Mutual Fuel Gas 1st 5a 1947
1924
South Side Kiev 4 4s
1914
Swilt A Co 1st g 5s
1945
U111011 El (Loop) 5s
1911
Union Pacific eonv 4s
...
United Box Board 6s
"Weal Chic st 1st 5s
Sale
9 6 4 Sale
84 4 Sale
F A
J-J
J-J
J-J
A-O
M-N
t
M-S
M-N
75
90Sale
92
J-D
*100
M-S
M-N
97
98
99
A-O
M-S
104 4
Stllb
102
J-J
J-D
109
Sale
102
99 4
173
1914! J-D
1936 51-N
75
95
75
187
1932! J-J
1909 A-O
1
Note.—Accrued interest mus t
bejadded to all
98
99 4 Non ’06
90 4
92 h
16
90 4
84
90
1
12
4
84 4
23
104<4
104^
102
102
Feb’06
994
100
102
Jan’07
99
99
114
Nov’04
72 4
75
Dec’06
95
68 4 Sep’05
72 4 Dec’06
72
74
87
Dec’06
96 4 Jan ’06
1024
95
99
95
^
Commercial National..
0
2,000,001
•1,006,006,
50,000
Savings |
Kxeliauge Nat... : 3,000,666
90 4
84
90
79
77
894
National
Englewood State
Federal National
First National
First Nat Englewood..
Foreman Bros B’k’g Co
Fort Dearborn Nat
4
Chicago bo nd
Kaspar state Bank
Monroe National
North Side State Sav..
89
90
90
79
92 4
944
105 4
77 4
724 100 4
65
60
85
55
85
844
95 4
904
964
Ass’n
95
I017e 105 7e
2 1014108
103 4 1054
1
103 4 103 4
55 100 41054
1014 1034
6
National....
100
100
89
100 4
100 4 100 4
97
994
99
100
99 4 loO
118
120
12 100
200.066
Drcxel State
Drovers Dep
Hibernian B’k’g
price a.
ISrofitsi
1905
Mutual
Oakland National
Prairie National
Prairie State...
Pullman Loan A Sav..
Rahway Exchange....
South Chicago Savings
State Bank of Chicago.
Stock Yards Savings..
Union Bank of Chicago
Union Slock Yds Stale
600,000
200,000 i
500,0001
1,600,606
506,000
1,000,000
etropolitan Tr A Sav
Northern Trust Co Bk
Peoples Trust A Sav ..
Royal Trust Co
Stockmen’s Tr A Sav 7n
M
Union Trust Co
Western Trust & Sav.
W Side Tr & Sav Bk..
Woodlawn TrASav Bk
4,932
4.195.364
27,2 lo
325,7 01
29,804
135,003
042,324
318,185
17 5,4 35
5
80,388
1 ,030,3 1
200,006
606,006
250,000
2,000,000
1,000,000
50,000
100,000
250,000
C500.000
300,000
250,000
200,000
1,000,000
250,000
200,000
*26,136
8.4 1
1
36,360
60,379
119,323
213,587
200,000
200,000
•i-J
0
10
12
5
J-J
J -J
1 »ec
16
12
8
6
12
6
8
....
Began
1112
8
6
12
0
8
3
lj US1U
12
....
....
....
6
6
....
8
8
....
3
....
0
12+3
6
6
....
897,637
147,573 None
34,436 Began. May 1,
....
1,533,392
7,403,522
33,7 06
22,167
3,982,435
319,124
1,723,236
50,609
514.330
None
8
5*2
....
o-t-5
6
....
12 + 4
....
6
«
7
....
lo
6
....
12+4
....
8
’06,
’07,
’07,
’07,
....
....
6
5
3
2
,
’07, IS
’07, 3
’07, 1 Hi
’()<, *2
’07, 1»»
16. 1905
’0
<,
3
’0., 2Hi
*07, lHi
2Q
*01, 2
./•••nv -----
N«r *08,
Jan *07,
i^-J Jail ’Oi,
iQ-J -Jan ’0<,
Q-J Jan ’07,
Q-J Jan ’0;,
Q-F
1
4Ja
1 Hi
3
1 Hi
lHi
...
Q-J
Q-J
Jan
Jan
’01, 2c
’07. 2
July 3, 1905
Jan
’0/, 1 Hi
Deo ’06, 14
....
Q-J
Q-J
Q-J
5Uan
Jan
JuU
’0 <, 14
’07. 2
’0<, la4
rr...
Q-J
Q-J
,jau
’07, 24
’07, IS
Jan
Jan
’07, 3
’07, IS
Jan
....
H
Nov
18, 1905.
Q-J
Jan
Dec
’07, 3
’(16, IS
Q-J
Jan
’07, 2
1Q-F
Nov
'08, 2
8,073 Incor porate d M arch,
825,465
6
6+1 Q-J Jan
283,751
18,553 Began buam esa feep
6
Q-J Jan
22,702
....
«
2
....
....
orga nized
12
12
6
6
s
8
6
fKeb
ess
8
534.995
83,23;.
Jan
Q-J
►Q-J
bus in
5
86,307
Get
Q-J
H38
8
949,154
ess
...
4
?i
Ian
i+J Jan
h!-J Jan
<+J Jan
h»-J Jan
12-J Jan
(-i-J Jan
Q-J Jan
10 + 10 Q-J (Jan
16
Priv ate Bu nlc
6
D-J Jan
6
F-A
10
8
Q-J Jan
3,;»4 0 Began
2,374,525
1,000,000
1,000,000
%
<0(1
s
58,730
3,000,000
2,000,000
750,000
1,500,000
200.000
500,0(K)
200,000
'19<.6
Dec ’06.
....
43,391
3,000,000
Last Raid
! / er
!->
77,121
0
1,0.-4.7 >3
1,327,476 12+3
200.000
Amer Trust A Savgs..
Central Trust Co of Ill
Chicago Sav Bk A Tr.. n 500,000
000,000
Colonial Trust A Sav..
200,000
Drovers Trust A Sav..
A:l,000,000
First Trust A Savings
5,000 000
Illinois Trust A Sav..
200,000
Kenwood Tr A Savings
200,006
Lake View Tr A Sav..
Merchants’ L’n&TrCo
2,377,660
72,213
S.OOO.UOOl 6,733,049
100.000 1
500,006
In
1
;.t'2.0UO,OUui$i,179,l09
36,36..I
100,000 \
1
500,000 !
1 -s*v!’i7
1 1.970,61;
Continental National..
Corn
In
,
Bank
Nat Bank of Republic.
National Livestock...
T
90
74
io5 v
974 100 4
t_ t
Dec’06
118
Nov’06
102 4 Jan ’07
....
90
80
87
_
14
May’On
9 04
79
Aug’06
77
Dec’Oi
90 4
90 4
92
Jan ’07
100 4 Mar’06
97
Dec’06
99
Oct ’06
Bankers National
Calumet National
Chicago City
1905
....
’07, IS
5, 1905
’07, IS
12,this06 week.
18, 1906.
t Nov.price
for National
Banka
price
Friday;
latest
a
Due
Deo.
be
part
nevrstook.
and
to
taken
as
payment
for
$2,000,000. in Formerly Live Stook Trust*
increased, Capital to be increased to $3,000,00J.
payments Q-F.
^[Inclndos special dividend of 3paid Doc.
* Bid and asked prices; no sales were made on this day.
t No
11907 from $250,000, a cash dividend of 30 per cent being declared
transferred in Dec, 1906 from surplus account to capital, making latter
changed in Sept. 1906.—See V. 83, p. 729. n Capital and surplus to be
o
[] Dividends are paid Q-J, with extra
and Nov. 13, ’06 for State institutions
•1. 6 Due June. c Capital increased Jan.
ADne July.
fcOne million dollars
Bavinga Bank, but name
Dec’dO
KtoChd
Hamilton
1024
103 4
M-N
J-J
J-J
A-O
M-N
1 909 F-A
4s.
90
93
59
994 Sep’06
103
1928 M-N
Debent 6s
11024
Feb
M-N
4’80s Series F ...;
Consol g 5s
West Div City Ry 4
"West’rn Stone Co 5s
.M-S
It)2 4 Sale
M-S
89
J-D 1
I..
US
M-N
_
....
...
ing
Surplus <C
Cook Co State
‘
Dec 00
IO64 Nov’66
101
101
9o h Jan ’06
1,
_
High
994 1004
1614, 1034
-
...
NAME
1906
Low
..
Outstand¬
Range
for year
J
1
bOM)8
Record
Dividend
j
'
•
BOSTON STOCK EXCH4NG-E—Stock Record, Thtly,
>hure Tricon—Not
Saturday
Monday
Tuesday
Jan 1 i
Jan It
Jan 15
*
*1064 1064
led4 l(lOr,a *107
*
100 41014 ♦1004
*101 *4 102*4
236
237
237
225
*150
152
*151
152
150
*2.0
*230
230
1 Go 41 GO 4 1G0
161
....
•2*98*’
•
26 4
•
'203
300
27
26
~s
80
264
80
Per Gcntuin Prices
Wednesday
.
134
131
‘
•105
1074
1014
COO 4 101
223
151
230
161
'230
230
230
152
*1*60 4
299 4 209 4 ’298
25
26 4;
25
3*0*0 “
“To »4 "ion*
’194 “id*"
704
27 >4
70
TO 4
■26 4 27 4
lc.8
ISO
70 'e
"26 4
180
134
'105
'
9 L
Td*‘ *1*9
'
91
*
4
*1*9*4 *1*9*4
4 26 4
1 SO 4183
09 4 70
*25 4 2GB
185
186 4
70
*
70
35
Last
Last
Last
133
Last
Last
Last
*
12
084
Last
185
Last
l. a st
*198
•63
*57
r
200
20U
*53
*67
50
02
*92*4 0*3*
108
•107
198
.
4
*95
97
95
.!!!.*! *9*2*
107
*9*i*‘ * 9*2 * *
108
108
107
147
147
loS
31
92
12 4
31
31
1.544 13 4 “4
1314 135 4
1304 13 1 4
3o
131
*33 4 34
101
101
1*1*3 4 *1*1*4*
t
9
220
229
150 4 157 4
64
GO
85 4 85 4
9
229
229
15G
167
G 5 4 6 5 7t
20.
*4
4
*55
*88
*122
68
90
124
•14
t
1.
*
„
178
♦lu 4
10
178
♦55
88
1.
10
180
♦
17b
10 4
1 11 ‘4 1 i 1 *4
'22
22**
*20
27 4
5
5
107 4108
64
65
’-8
2 8 *4
49 4 49 4
......
1 1 1 Y
22 4
•26
22 4
27 4
198
G5
28*4 28 ’4
7s 49*,
106'4 1064
4b
8
9
‘80
82
106Y 10034
*8
♦
59
88
♦
'
111*4
108
65
♦
131 *1
12938 130 4
3d
“*d** *”yi
67
90
121
92*.
13
3 L 4
13341.4
1014 102
*65
90
124
107
244
*13** *1*34
1134 1134
97
1014 1014 *100
102
180'-i 180 4 ♦179\ 1794
93
93
*92 4 93 4
02 >4
124
k
©
10
1*76
10
112
*22
"26
5
♦
.....
178
4
Do
100
pref
Sale 257*4
Nov’00 Con & Mont Class 4.. 100
Sale 158
Nov’O*- Conn & Pass Riv pref 100
Sale 180
Jau ’u7 Connecticut River... loo
134
132
132
Fitchburg pref
100
Sale 110
Jan 0i Ga Ry & Electric
100
Sale 90
Dec’06
Do pref
100
Sale n8
Jan’07 Maine Central
100
19 4
19
19
Mass Electric Cos
100
68
Do
6b 4
09
pref
10o
Sale 25*4
Jan ’()’< Mexican Central
100
IF 44
185
N Y N H & Hart....100
185
Sale 160
Jan ’07 Northern N H
100
Sale 228
Aug’06 Norwich & Wor prollOO
190
198
198
Old Colony
100
.
.....
107
108
64
28
49
6 f
28
49
•'V,
106*8 10t38
179*8 179**8
*93 4 «3 4
Last Sale
91
91
108
107
Last Sale
Last Sale 60
237s
92
64
69
-
S9
1194 120 4
44
44 4
24
......
13
114
31
31
133
134
150
133
127
130
*33 4 3 4
30 4
13 2 4
130 4
124
101
10L4
i
1064 lo6 *4
i
‘8
9
*9
80
•Si
13
*
1 7e
154
34 4
134
••70
314
*32
37 4
38
181
910
42
•47
9J
180
005
42
•47
91
20
114
114
70
1184 1194
46
45
45*4
1278
13*»4
13*8
13 4
2
16
16
35 4 37
•70
-70
32 4 33*4
37*4 39
181
184
910
915
42
44 4
•48
-49
100
1U3
20
20
20
44
44
2
•J
15 4
35
5
70
*
p:t.
15 4
34 4
*•70
82
__
32 4
"33
37*4
3H3b
181
915
42
•48
185
960
42 4
•49
9541014
20
44
20
5
70
66
11578 1187e
45 4
46 4
134
154
1°8
2
15 4'
3d
14
144
31
*•75
314
15
35
i
•48
*50
92 4 97
20
20
.
3*7r
22 4
Dec’06
5
107
63 4
Last Sale
8
8
82
82
3
27
4
28 4
27 4
34
4
27
26 4
27
30 78
31*4
31*4
33
31*4
3
304
31=8
34 4
35
3 4 ’4
36 4
33 *4
334
84
30
84
834
*99
•99
•134 1 334
22
23
864 894
l7s
14
1S**4 19
117
1 IBB
*2*8
2 4
65
163
33
14
56
165
34
14
123 4 126
10 4 lt>34
6 *4
74,
20 7e 21 Hi
1G1
164
b**4
9
*•96
13**4
14*4
22 <8
24 4
96 4
914
•D>4
l7t19*,
19
116 4 120
2 ‘4
2 *4
56 4 69 4
163
166
33
35
1
L 4
121
124
tH34
7
124
74
207g 22 4
164
170
3 4
1334
23*4
144
244
90
90
l7e
19**4
14
20*4
117
2*4
674
1134
64
22
160
53
30
52 m
30 4
63*4
51
32
32
71
33*8
74°8
75
744
1 l
67 4
4
734
6S
74
12 4
189
11
67 4
48
69*4
74
13
190
3*«
11
67 4
4 7 **„
73
734
13*4
190
3
114
68 4
4 7 **4
79
84
13**4
190
17»
19*4
84
14
14
24
92
17g
20 4
1164 118 ~
2 4
584
2 4
24
56
57 4
163
166 "
32 4 33
1
1
117
12L
11
12*4
124
7
22 4
165
514
354
75 4
11
114
67 *4 68
47 4 474
73
744
8
8*4
13
13 4
190
190
3
3
34
34
Before pay t of assess’ts called in i.91 *5.
•99
13 4
23
90
118 4
161
161**4
3 2 **4 334
1
14
120
1214
71
53*V
l°8
35
9
b**4
•99
•99
234
48*4
1054
Dec’06
9
78 4
Nov’06
Do
pref
64
22
156
22 4
160
51 4
354
*724
1L
67
47 4
72 4
8
l • >,
190
3
4
5l\
39
73*4
11
67
474
74*4
2; |.c'2 11 Mil) i249
2,70b
l,45'i
2188 Aug22
J'ly 11
190
21
90
J’ly 12
10 4
Dec 31
Aug
Apr 2
Muy 2 15G78 Jan 8
26
1,09 b 128
109 130
7,67 8 128
159
28
Jan 27;
Jau 26;
Mar 21
Dec 22
Dec 14 141
Jau
J’ly 10 1447e Jan
Nov lv
47 *4 Jan
UK
100
Mergenthaler Lino..lOo
Mexican Telephone., in
Apr
'4 Api
2u
Jan
A pr
51 ar
Fel)
Mar
Aug
Aug
.Mar
Oct
Nov
Deo
Apr
Alar
215 *4 Sep
167 *4 Alay
233
.May
212
Apr
192
Feb
87
Feb
72
Jan
67 4 Aug
102
Sep
151*8 Deo
1014 Feb
150
Oct
102
Sep
117 4 Apr
31*8 Sep
60 *8 Sep
151
19 4 Jan
86
Jau
4
51 ar
Nov
29 *8 Apr
VO*, Sep
15
Deo
36 4 Deo
130*4 Mu' 154 4 Dec
2'- 132
May 140 4 Aug
17i 130*4 Dec- 148
Jan
24! 21 Jau 47 Nov
2! 92 *4 Jan 109
Alar
J’ue
Jan
Dec
Jau
Dec 257
Apr
J an
*e M a\ 191
014
*4 Jau
517« Aug
90
Sep 14! bu *4 Jan
b8*4 -day
210
Dec ?! Hbo 4 J ’lit 206
Apr
1
Fel
54 Sep 17:
|| 3 4 Dec
Dec ) 250
Dec 2* 184
Muy 3
Apr
25*8 Dec
2,110 L0034 Dec 29 1104 Feb
lo
4 4 J’ue 7i
34 Jau 11
3*4 M
434
92 115
J’ly 30 1 184 Mai l'j; 116 A u g 124
2 D\ Nov23 34
17
28
Jau
Apr 3
10
J an 31
5
5 4 J ’ly
i*,23(
Aug 3
7**4
64 225
2 05 15 7
18,385 44
.Mar
Sep
Mar
185 4 Mar
L75
Apr
611
Deo
i50*4
370
72
Jau 13 J33
Oet
}■! 169
J’ne lb1
38
84 4 Dec 8
Mar 2;
Jan 2
Mar 2o
60
Nov22
80
Mar 20 90*4 Nov'24
126
Dec 26 141 4 Apr 6;
41 190
3
27
N E Cotton Yarn ....100
27 4 Deo
Do
pref
100
bO 4 Nov
N E Telephone
100
140 4 Apr
PlantCom t’statk comlOo
4 Novi*.
1*16 Jau 15
2j4 Jau
Do pref
100
17
Jan
Pullman Co
100
Dec 21 20v 4 Nov bi
ISO
258
Oct
Reece Button-Hole.. 10
11
9 4 J au 11
Dec 10
8 4 Jan
10*4 Feb
Swift & Co
100
101*4 J’ne22 120 Sep 2t.j 100
Dee 114
Jan
22 4 1)00
23
Torrington Class A.. 25
Feu lo'
18
J’ly 2 3 J an
Do
25
pref
25
Max
27
J’ly 28 27*j Nov 5 25
Aug
Union Cop L’d be Mg. 25
2
5 *« Dec 3 1
J’ne11
829
2 4 Max
4 4 Aug
United Fruit
100
103
103
*4
M
ay
2
113**4
115
Feb
1,0UU
May 17
Api
Un Shoo Mach Corp. 25 2,581 .c60 4 Dec 21 SG'Bj Feb 1' 57
J’nt
90
Aug
Do
28 4 Dec J j
32 *8 J’ly 23 x3078 Dee
411
pref
25
34 4 Aug
U S Steel Corp
100 11,761 32*4J’ly 2 50 *8 Oet 11; 217g May 43 *e Deo
Do
99
J’ne30
pref
100 1,09
91
113*8 Feb 1
51 ay 107
Deo
West End Laud
•40
75
25
Jau 2b
•40
Mai •67 4 Jan
Sep L
West Telep vfc Teieg.100
8
Nov
17 4 Jan 18
11
Dec224 Feb
Do
79
98 4 Jau 19
Nov‘2
pref
100
90
Oet 101
Feb
86
Westing El «& Mfg... 50
Feb 7
82 4 Oct
92
734 Oct
Mar
Do
75
Xov‘2‘2 98
pref
50
Jan 11
91
Max 100
Oct
.Hilling
5
5
Adventure Con
25
3,270
66
63
67 4
65
Allouez
25
5,17t
115 4 117“8
112
116*8 Amalgamated Copper 100 56,850
45 4 45 4
46
Am
Zinc Lead dfc 8m. 25 2.640
464
Last sale 76*8
Nov’06 Anaconda
Arcadian
144 15
14
13*4
51,287
2
Arnold
*14
260
15
Atlantic
14*8
2,975
33
33*4 344
33
Bingham Con Mindb S
6,.>93
•70
*•75
-80
Bonanza (Dev Co)... 10
■
250
3134 32
304
314 BostouCouC«fcG(rcts) ill 9,860
37
37
38 4 Butte Coalition
15 15,865
384
180
177
180
181
CiiiUinet «fc Ariz
10
2,549
945
940
945
950
Calumet & ileoia.... 25
25
39
39 4
40
Centennial
25 4,310
404
*50
•50
-51
Cons
•51
Mercur Gold...
6 8,470
94 4 97
94
97
Copper Range Con Col00 111,383
19 78 20
19
194 Daly-West
20 1,87 7
63
64
Dominion Coal
100
100
Do
10
pref
100
3 4
Elm River
34
1 .835
26
25
Franklin
26
4
264
4
7,698
Last salt 13 4
Jan ’07 Granby Consolidated.
30 J4 31
30 3e
Green© Consolidated.
3L
25,149
Last Sale 5*4
Jan’07 Guanajuato Consol..
33 4 34 4
Isle ltoyale(Copper). 25
Mass Consol
25 5,579
Mayilower
' 25
6,025
Mexico Cons M & S...10 2,897
Michigan
25 11,311
Mohawk
25 7,773
Montana Coal <Sc Coke 25
328
Nevada Consolidated
5
7,703
Butte
ii534 ire
North
15 20,907
2
Old Colony
2at;
25
982
*56
Old Dominion
25 10,900
100
160
Osceola
25 5,682
33
Parrott (Silvdc Copy) lo 5,591
3334
1
1
Phoenix Consol
25 3,000
118
119
Quincy
25 5,13''
114 12
Rhode island
25 27,1.>7
6 *4
64
Santa Fe(Goid & Cop) 10 8,800
22*4 24*4
Shannon
lo 43,169
158
158
Tamarack
-Jo 3,776
Last sals
Tecumseh
25
51
5 L 4
Tennessee
25 d3‘)T
36 4
37*4 39*4
38 4 Trinity
25 92,329
71-*4 724
71*4
714 United Copper
100 3, Ly
Last Sale 95
Do
Dec’06
loo
pref
11
11
Unit States Coal JcOil 25 3*68*5
66 4 67 4
U S Smelt Ref.dcMin. 50
6,803
*
4
27
7g
....
112 4
Maas’chusettsGasCoslOO
1 )ec 2 112 16 *‘2 Apr
Dec lo;iso4 Apr
Oct 10; 175 4-May
Dec 1 1
1 94 Ma\
Jan 27; a 192*4 Dec
Fe b 71 16 4
Oct
Sep 2 ■; 163
Jly 12 233 4 Mario 232 Jan
93
Dec 26 210
Jail 15 205 4* Jan
56
53 4 Oet
79
Jan
Sep 2.
Jau 15
65
50
Oct 11
5 2 4 Dec
47 4 Nov
64
Jau 4
50
Api
99
65
Jau 10
Oct
2
50
Jan
95
Jan 10 i 06
Feb 20;
93 4 Jai>
1394May 2 195
Jan
Sep 4 113
91
May
9934 Jan 2
170
178
A
iir 4!
Sep 2 i
92
Dec 21 101
Jan 2
lu7
116 4 Apr 9i
Sep
25 4 May
27**8 Oet s
55 4 Aug
9 150
Feb
Feb*16 146 Alai
"*7i*;*
Do
pref
loo
Woic Nash <fc Rocli.. 10(
Amer Agricul Chem.iOi
Do
]>rer
100
Amer Pueu Serv
50
Do
pref
50
Amer Sugar Refin.... 100
Do
pref
100
Araer Telep & Teleg.100
Amer Woolen
loo
Do
pref
100
Boston Land
in
Cumberl Telep & Tel 100
Dominion Iron & St
East Boston Laud
Edison Elee Ilium... 100
General Electric
loo
111
sep 1
7 7 4 M a-. ' <Ki\
Jail 3'I *»9 4 Jan il(»5\
Feu 1 9' 15 ->
D'-c!26i
Jan L ,,.52- Nov! 1584
...
r
323e
37
37 4
180
184
945
960
404 414
26 4
4
12 *,
31
133 4
131
128
*33
100 78
10\ 11
113
*li2 4 113
22 4
*22
22 4
27 4 Last Salt
5
4 At
4 34
107
106 4 107
64
634 644
61
28
28*8 284
284
48 4 484
48*4 49
80
1184 L..04
IJiyhest
2t-;JI:60
:■ i7o
DU
4 j i 71
3u;_9.) 4 Dec 26 3JL14 Apr24 i05
Jan
1,225i 25 Jan 17 39 4 Apr
13 4 J an
35
724 Jau 16 90
63 4 Jau
82 4
Apr
1156
Oct 27 182
Jan
'
12'1150 Jan 182
5 117 4 J'ly 20 127
Jau 16 (126
No' 132
11 87:4 Nov 811 90 Mai
Jan 1894
ISO
;153 Oct 27:163 Apr tj 160 4 Jan 167
12'5
Oet
11293 Apr 2; 285 Jan 300
12c* 133
Oct 27 145
Jau 3i | 141
Dei 148
Jan
5
8 107
92
Apr 27j 59 4 Jan
-9
Dec 4
Jan 2
86
Jan
96
.Mai 27
197
J »ec 19 175
Jan 192
J’ne s’
13
1,030 17 Jan 5
Oct
23
J’ue s1
1,125 594Jan 2
No\
55
70*8
.>lit»cellnneoii«
24
24=8
92
Oct ’05
112
•22
*26
5.
107
9
03 23 )
Marquette
100
Do
pier
100
Xov’06 Rutland prel
100
Dec ’06 Seattle Electric
loo
102
Do
pref
100
179 4 Union Pacific
1784
100
•92 4
93 4
Do prof
100
171
Dec’06 Vermont & Mass....lO<>
90 4
91
West End St
50
♦107
108
Do
pref
50
Oct ’06 Wisconsin Central... 100
27**8
110
‘110
110
Last Sate 244
Jau ’07
**y
*d*
8 4
84
b34
84
♦
229
223
228
223
228
156 4 15.0 4
157
4
158 4
1577a 1584
65 4 66
65 4
65 4 66 4
66 4
85 4 85 7e
85
85 34
85*4 85 4
200
204
201 4 201 4 200
202
5
Last Sale 4 4
Deo’06
♦55
69
Last Sale 57
Jan ’07
*88
90
88
88
*
123
123
123
m
k
u.
Last Salt
Nov’06
k
10
Last Sale
Sep’06
175
172
176
175
172
1054 1054
- 0*4 J
’ly 12 1 ’ 0 4
«'>; r'.'V 7& Dec 271105 v
22- 239
Dec 5:257 4
140 14/
Auglo 160
**5*7*'
iTd** ii*d*
82
5
744
Lowest
10
Last Sale 50
Last Sale 97
*100
100
102
Last Sale 75
44
70
nun./t’ 'or 1 veifxout
1 ear(luoo)
Lowest
-
Peie
*
*10 4
112
2’2 4
27 4
Atch Top 3b Santa FelOej
Do
prop.
lo« :
Boston & Albany....loo
Boston Elevated
loo
Boston (fc Lowell
100;
Boston & Maine
lou;
Do
pref
100
Boston & ProvuleneelOo
Bosxon&Wor Elec Co....
Do pref
UhioJuncRy<& U S Y100
78 4
5
Wee/. |
]8/iar< s[
Tear
I
EXCHAXC, E
104 4
100 *8
230
1 53
230
160
Jan ’o'.
300
25
Jan ’07
0*7 * *
*02** **0*3*
24b8
loo 4
*
59
*05
*0*7*
ldO
102
180 4181 4
*05*" *07*'
*100
102
179**, 1-0
•92
03 B
104*4
230
230
151
150
230
230
160
160
bale 165
29)4 299 4 k
<^0
2o
25
Last Sale 78
160
100
113
■
'105
01
230
151
230
160
[jast
80
133 4 135
lOo
Friday
Jan IS
■
‘105 *4 105 B
4j ‘100 4 1014
1 Go
1 GO 4
r
131
►
91
Jan 17
tor
1906
O'
STOCK
ltn.:lrou<!«
118
•
Thursday I
Jan 16
lianye
.'•>aCe*
the I
STOCKS
BOSTON
Weekly and Yearly
’*34
3^8
8 *e
13
190
34
d Before pay’t of ass’ts called in 1901.
3*42*1*4*
Do
pref
Utah Con (Gold)
Victoria
Winona
Wolverine
Wyandot
*
Bid aad asked.
50 3,567
5 62,862
25 6,78t*
8 4 Oct 11
12**4 Max I 10*4 Oct
55 *4 Dec b
18
Apr 49 Oct
924 J’ly 18 118 Feb 13
70
Jau 1114 Deo
8 4 Anglo II45
Deo31
8
J’m
15**4 Deo
574 May 2 74
Feb 14
25*, Alay 73 4 Deo
2 4 J’ly 13
15*4 Nov 19
1
7
Max
Nov
2*4 Dec 28 *45
7aJ’ne 5
3
J’ne
Nov
1034 May2s 28*4 Jan 6 12 4 -Max 2a78 Oct
25
28
37
J’ly 13 49 ;8 Feb 14
4
Deo
May
•45
May29 90
Oct 13 •50
Oct
Ala) •95
35
Deo
20sy Mar 15 35 *8 Oct 11
5**4 Jan
25
J ’ly lo
42
Oct 4
107
184
4
Dec
J’ly 14
675
Dec 22 601
May 2 900
J’ne <20
Dec
17 4 J’ly 13 40 4 Dec 7
16^3 Alai 34 4 Oct
•35 Dec 21
70
Jan 2-. •30
75
Alai
M ay
GO3! J’ly lo 86 4 Jan 20 64 Jau
85*4 Dec
14
MarlO 21 4 Novi 9
Nor
114 Alai 22
61 4 Oct 25
84
Feb 13
60
Jan
80 *4 Alar
113
Ndvi; 122
Marl 9 113
IkO
Deo
Jan
3 4 Dec 2 7
14 J’ly 3 l
2
4
Oct
Ala)
8
20 *8 Oct
ll'.jllay 2 20*4 Sep 27
Api
Oct
9’*8 Jau 17 15
9
5
Jau
10**& Deo
194 J’ly 12 33*4 Dec 14
32 *8 Dec
20**4 J’m
4 4 Jan 5
7 *8 Jan 18
3 .Jan
7 *4 Apr
15 4 J’ly 14 29**8Jau 6
174 Max 28**4 Jan
6 4 J ’ly 14
12 *8 Jan 13
6
13
4 Alar
Ala)
•40
J’ne27
14 J an 4 •70
J’nt
17§ Oct
13
Nov 13
1434 Dec 3
1034 J’ne2^ 22 4 Dec 24
1*8 ^8 D e c*
Jau
54 4 Mar 5 85
Dec31
48
Ala> 61**4 Deo
l-’s Dec 8
2
74 Feb 18
6*4 Deo
J’ly
11
Jan 26
Deo
23**8 Oct 9
I04 Dec 13
7434 Mar 0 117 4 Oct 3 i
93
34
Deo
Aug
•70
2 *8 Dec27
*75
J’ly 17
Max
23u Oct
33
36 4 Deo
J’ly 13 66 *4 oct 24
23*4 Alai
93
Mar 7 1-71
Dec 31
88
Feb 115
Oct
2234 J’ly 11 48 Jau 2
22
47
J’nt
Dec
•60
•50
.May 10
Jut
3*4 Jan
25a Dec lb
80
Max 118
95
J’ly lb L14 Jan 11
Jan
3 4 J ’ly 16
9 4 Dec2i
8 7a Oct
1*4 Ala)
1*8 J’ly 26
3
Jan
5**8 Nov21
14 -Max
5 *4 Jan 10 1878 Nov2b
9
Jan
038 Feb
90
J’ne 9 122
2
Jau
101
Mar
Ala) 140
9
2
Dec21
16 ‘4 Oct
Feb
Apr 28 80
40
Jan 6
May 2 52
5334
Dec
2478 J’ue
-4 4 Dec 15
31 4 J’ly 19
•
10**8
734 J’nelO
57*4 May ^
88
J au
9
*4 Sep
51
43
4 Dee31
Feb 7
Feb21
S
5
5
52*4 J’ne2S
5 7s Nov 22
4
J’ly 3
25
5,584
25
25
209 131
6.766 70
flNewstoek.
Mar
.Mar
29
78
9 111
1438 Mar30
66
Jan 20
47 7S Sep 17
69**1 Jau 12
9*4 Marl4
13 4 oct 9
Jan 30 190
J’ly 19
Dec 27
2**4 Dec 31
fAss’tpaid. 4Ex-rights.
a
7**8 Jan
135a Feb
9
75
88
Alai
74 4 Nov
9*4 Api
39**8 Alai
c2
Ala)
Dec
Dec
13**4 Dec
58°» Not
17 4 Oct
15 4 Feb
7 4 Dec
105
Jab 134
Dec
2 T,F#b
14 J’n®
Ex-div. Jb right*
JAN. IS)
Boston Bond Record,
1907.1
tiOAUS
Week
Week’s
Mange
Mange or
Year
i oog
Brice
BOSTON STOCK EXCH'QE
JYiciau
Jan 18
Ending Jax IS
Ask Low
h!ia
Telep A Tel coll tr 48.1929
Wi lt Paper 1st atomg 1919
Atclicfc Nebraska 1st 7s. .1908 M-S
Atch Top A S Fe fieri g4s.. 1990 A-O
Adjustment g 4s.... J’ly 1995 Nov
Boston Elect Light 1st 68.1908 M-S
Cousol 5s
1924 M-S
Boston A Lowell 4s
1907 J-D
4 s.
1916 J-J
Boston A Maine 4 4*
1944 J-J
Boston Terminal 1st 3 *38.1947 If-a
Bur A Mo Kiv ex 6s
1918 J-J
Non-exempt. 6s
1918 j-j
Sinking lund 4s
....1910 J-J
Butte it- Boston 1st 6s
1917 A-O
Cedar Rap A Mo li 1st 7s.1916 M-N
2d 7s
1909 J-D
Cent Vernu 1st a 4s..Mayl920 Q-F
C B A s* Iowa DlV 1st 58.1919 A-O
Iowa Div 1st 4s
1919 A-O
Am
Am
894
95
884
104
1044
994 MO.i 4
9 2 •■‘s 97
Mar’CO
100;,4
100*4
Jan ’07
92
92
Sep *06
Mar’oO
112 4 Jan '02
Dee’06
D»S
102
Sep’05
107 4
11 i 4
J’ly’05!
MD-i
86 8 j
109
Mav’051
864.
Aug'Oli!
99
101
99 7e
102 4
98 4
7g
9134
914
IIII4
99 7f
86** ’*9*6"
101
i(»2 4 J
Debenture 5s
1912 M-N
Denver Ex ten 4s
1922 f-a
Nebraska Exteu 4s
1927 Vl-N
B A S W s t 4s
1921 VI-S
Illinois Div B *o8
1949 J-J
Joint bonds See Or Northern
Clue -J c Ky it Stic Yds os .1915 J-J
Coil trust reiunciing g 4sl940 A-O
Ch Mil it St 1* Lub L Oa.. 1920 J-J
Ch M A St P Wis V div 6s 1920 1J J
Cine it No M ieh 1st gu 5s. 1991 M-N
Cine it W Midi gen os....1921 J -D
107 4
114
12 2 4 122 4
122Xov’oq
122 4
1014
99
99:V Get ’06
lod
J’ne’ol
99’s
101
114
100
102
My '06
Dec ’ilti
J’ne'Oi*
Dec ’0,:
Dec ’06
ioi”
New
100 4
99c8
94 4
•
...
......
/
-
1915
4s
4s
1927
Fremt Elkit .Mo V 1st 6s..1922
Feb'Ou
Aug’06
102
1014 J'ne'00
’02
101
92
DO
90
104
92
Nov’of.
100
Jan’07
95 4
95 4
NOTE—Buyer pays accrued interest in
i4o
Apr’05
-
4 1014
97
101
4 102 4
1344 127 4
96 4 1014
964 1014
addition to the purchase.price lor ail Boston Bonds.
Per Cent
11111
94
lOl” Safe
Prices
A.'
u 11
7
Wednesday
'1 uesaag
u a 1/
9 54
95q
95 4
95
*22
4
95
96
22
4
22
96 4
917*
22
22
95
96 4
22
*214
He
7
*
24
4
*
104
104
104
104
10-4
‘50*4
46 4
51
47 V
1 1 'V
7
3.7 *4
i 5 '8
*5034
4 5 4
arlO-4
51
47
*504
1
114
'<4
35 4
16
*47
4 S
58
94 4
2S
1
7
*24:*.i
’
15
102
77
‘8
6
78
*
i
1
7 M
•1
*
*.1
67 7a
4 5 :,8
68 4
4 7
-0
-i
4
7 4
35 *4
6
74
19 ‘4
x0oa4 GfUip
47
*46 g
94"b
vs
■_ 8
45
5 l
lime live .'•docks
Allegheny Val pie I
924
Do
Do
134 United
94
9 4
47 4
13 4
*47
26 4
100 4
1014
1
9 5
..loo
look Oet ’00
100 4
J!it 04 1014
l!',04 107
101 4 Sep ’06
11024 Jan ’05
;tul 4 101 4
J
-
F-A
J-L
F-A
J - J
J - J
’51214 Mai
’Oti) .*!’! DM*411*21*4
liec’,
102
102
ll1
....
102
1102
107 4 Nov’05
102
.Mai’02
98
102
106
99
4100*4
| 9S
4 May’06
104
.
99
4 Nov’06
Jan’07
>0*s Api ’Of>
llo
Jan ’07
i*99 *f i ()*(*)**
HI 1*2
1102 4 11047>
M
1 150 V
1j984
jVJO *10078
105)
ts*S‘V
155
112 4
11004 1024
loo 4 sep ’i)t:
102
Jan’oT
*102 s.
102-4
100 4
99
97
974
1,94 4 Sep ’05
109n8 Aug’05
97
9S4
102 4 109
Oct’Oi
Dec’O '
99 4 100 \ 1024Jan 06
99 4 100 4 100 4
1004
102 4
1024
102 7«
102 4
1, Flat price.
Record, Daily, Weekly, Yearly
Mange, tor Year
Sales
tin
Week
shares
1006
Highest
Lowest
"48*
Lange tor l*reviout
Year(1005)
Highest
Lowest
...50
Preferred
K ey st om Watch Case. 100
Lit Brothers.
10
5
10 4
24
2
10
15
v
16
50
Minehill it Schuyl H..50
N Haven Iron A Steel.5
Northern Central.,
50
North Pennsylvania..50
Pennsylvania salt
50
Pennsylvania Steel.. 100
Prelerred
100
Plnla Co (Pitts) pref... 50
Pint Gennan A Norris.50
Plnla Traction
50
95
iY.i*
1124
61
47
*9*4*4
PlllliA DELPHI A
Ask
......
no
110
i’oo*
1004
84
58
Jan 27
48
1942 ..F-A
Leliigh Nav 4 4s ’14.Q-J
KKs 4s g
1914.<4-F
Gen M 44s g.l924.Q-F
Leh V C 1st os g ’22..J-J
Leli V ext 4s 1st 1948.J-D
2d 78 1910
M-S
Consol 6s 1922
J-I)
.....J-D
New Con Gas os 1948 J-D
Newark Pass con 5s 1920
N Y Ph A No 1 st 4s ’29 J J
Income 4S 1929...M-N
NoOlnoTrac con5s’iy.J-J
Penn gen 6s r 19lO..Var
os 1
Terminal
i(»3 "
119 4
119
110 4
105 4 106
People’s Trtrcerts4s ’42
5s’49 M-S
G011A col tr 5s 1951M-N
Phil Elec gold trust etts.
Trust certils 4s..
P A E gen M 5 g ’20. AT)
Geii M 4s g 1920..AAO
sales on this
day.
1 Ex-rights,
6agl941.Q-F
iof."
109 4
U True Pit gen os ’97 J-J
Welsbacli s t 5s 1920.J-D
Wlks-B GAE cou5s’55J-J
......
94 4
*
8*7 * *
68*4
....
.
1Y64 iYi**
i’2*l 4 i22*‘
97
Portland By 1st os 1920.
Rocli liyA Lcou 5s’54J-J
U True I ml gen 5s’ 19. J-J
Uu Rys Tr ctls 4s’49J AJ
United Rys Jnv 1st coll tr
sf 5s 1926
M-N
150 4
97 4
*
i?6** i*2*8 *
94
107 4 1084
1919...Var
Steel con 6s.
Pa.A NY Can 5s ’29.A O
Coil 4s 1929.
A-O
Penn Steel 1st os ’17 M-N
Pil A Read 2(1 5s ’22. A-O
Cun M 7s 1911
J-D
Con M 6s g 1911
f-D
Ex Imp M 4s g’47. A-o
Bid
1104
121
BALTIMORE
Inactive Mock*
AlaCousCoulA Iron.100
Pret
100
Atlanta A Charlotte.. 100
Atlan Coast Line li R. 100
Allan Coast L (Conn)lOO
100
Canton Co
Cons Cot Duck Corp...50
Preferred
50
Georgia Sou A Fla...100
1st pref
2d pref
G-B-S Brewing
100
Bonds
Anacostia A Pot 5s
Atl A Ch 1st 7...1907 J-J
Atlau C L RR4sl952M-S
Atl Coast L(Ct)ctfs 5s J -D
J -J
Ctfs of inuebt 4s
6-20 yr 4s 1925
J-J
BaltCPasslstSs’ll M-N
102
Fundg 58.1916 M-N
Exchange 24 s 1920 J-J
Balt A P 1st 6s m l ’11 A-O
Balt Traclst58..’29 M-N
No Balt Div 5s 1942 J-D
Convertible 5s.’06 M-N
Cent’l Kycon5sl922 M-N
Ext A Imp os.1922 M S
Balt
107
102
100
100
1074
994
1*0*6' ’
69 4
70
1114 1124
U 4*7.50 paid,
f $15 paid. t $10
100 4
84
89*,
894
73-,
71*-,
54
32
4 A pr
Deo
N ov2( '1
Jan
-1
Jan 19|
36
Nov
Jan 1 ;>
14 4 M a}
Jan 19 1004 J My
J’no 8
52 4 Jan
3140 Jan lo
93 *<
12*4 Feb
17 '4 Jan
Jan
2.1*4 -War
123 4 Nov
90 4 Nov
49
54 Jan
2'*a Dec
73 4 Aug
7R*1 io Jail 22 6513jo Ma>
55 *4 Nov
1 *v Maf26
404 Jan
1 2 *v Apr
9 310 Get 17
8
J’nc
Apr
$3 1*4 Jan 2< 1174 Jan /3d
39 4 Jan 7113i0 Nor
83
Jan 23
4
45
7
0 “*j(> Jah 23|
*». A ug
May
42
Jan
.>04 Nov
0 L
Jan 23
63 *4 Get
6 »
58 4 Mai
A 11 g 2 1
90
101
J’uc 12a V Apr
Feb 15
31
20
Nov
32
Mar 1
Feb
an
Bin
2d income 5s 1951 M-N
Knox v Trac 1 st 5s ’28A-G
LikeR El 1 st gu5s’42M-S
M et.St( Wash)lst5s’25 FA
Mt Vor Cot Duck 1st 5s.
104
93 4
95
1 14
1 12
1 08 4 10J
104 4
104
109 4 1094
110
1 03 *-. 104 4
1 U9
107
108
;0s4
108
,08 4
1 19
118
1 10
1104
68 4 69
30
31
106
.
------
112
83 4
-
......
834
......
Incomes
N pt
:i3o
12
14> v.
33 4
30
97
78
7
(jq
82
8
101
98 4
107
88
88
98 4
90
90
103 4 101
110
112
103
106
113
114
no
......
paid. i *20 paid,
1 14
116
*
l
UEl IkscP 1st 4 4h”29 M-N
U u Ry A El 1 st 4 s ’49 M -S
J-D
Income 4s 1949
Va M id lstds 1906..M-S
2d series 6s 1911...M-S
3d series 6s 1916..M-S
4tli ser 3-4-5s 1921.M-S
5th series 6s 1926.M-S
Va (State) 3s new ’32.J-J
Fund debt2-3s 1991. J-J
West X C con 6s 1914 J -J
Wes Va CA P 1st 6g’l 1 J J
Wil A Weld 5S..1935.J-J
a Receipts,
b ?25 paid.
ioo
85
N AG P 1 st 5s’38 M-N
1941 M-S
General 5s
Norfolk St 1st 5s’44..J-J
Nortli Cent 4 4s 1925 A-O
Series A 5s 1926
J-J
Series B 5s 1926
J-J
Pitt Un Trac 5s 1997.J-J
Polo Val 1st 5s 1941..J-J
Sav FJa A West 5s’34 A-O
Seaboard A L4s 1950 A-U
Scab A Roan 5s 1926.J -J
South Bound 1st 5s.. A O
90
103
Jan
244 May
104 Jan
8 4 i K-C
Georgia P 1st 6s...”22 J-J
UaSo A Fla 1st 5s 1945J - J
G-B-S Blow 3-4s 1951 M-S
62 4
127
300
Mar
1939 J-1)
5s
Ga A Ala 1st cou 5s ’45J -J
Ga (Jar A X 1 st 5s a ”29 J -J
......
92
180
lieo
IS
City A Sub 1st 5s..’22 J -D
City A Sub( Was) 1 si 5s’4s
Coal A 1 By 1st 5s’20F-A
Col AG ru v 1 st 6s. 1916 J - J
Consol Gas 6s... 1910 J-D
....
100
64
12 4 A pi
Chari C A A ext 5s.’09 J -J
2d 7s
1910 A-G
4 io3J4
......
31
1 >00
91 4 Nov
477{, Jan
CliasCityRy lst5s’23J-J
Chas Rv G A El 5s ’99 M-S
...
107
103
120
118
86
Nuv».0j
90
Apr
1104 sop
BALTIMORE
\Ask
j
P W A B col tr 4s ’21.J-J
Interstate 4s
PCo 1st A col tr
49
Westmoreland Coal....50
Wilkes Gas A Elec..100
prices;
18 4
.....
8
109
Penn A Md
253
5 1
39 V,
1 2 S
11
48
23 4
50<1 Sep 10
304 Jan 5
J 1
May 9
.
Eq 11 Gas-L 1st g 5s 1928
11 A B Top con 5s ’25 A-O
Indianapolis Ry 4s.1922
Cousol
6 4
18
-J
Gen cons 4s 2002.M-N
Leh V Tran con 4s’3 )J-D
10
1(
Union Tr ol 1 ini
loo
United XJ RRAC..100
Unit Trac 1’itts pret..50
Warwick Iron A Steel. 10
West Jersev A Sea Sh.50
1926.J-D
Bethle Steel 6s 1998.Q-F
Choc A Moist 5s 1949 J-J
Ch Ok A G gen 5s’19 J-J
Col St Ry 1st con 5s 1922
Con True ol N J 1st 5s.’22
E A- A 1st M 5s 1920 M-N
Elec A Peo IT stk tr ctfs
Annuity Os
Railways General
10
Susqueh Iron A- Steel..5
Tonopah Mining of Novi
A1 Val Icaxt 7s 1910 A-O
Alt ALVElco t 48’22.F-A
Balls Ter 1st 5s
2 2 ‘4
48
13
Philadelphia.
20
504 American Railways.... 50
45 7b Cambria Steel
50 12,09 i
88 (
11
Electric Co of America 10
Bid
Pil ILADELP11IA
49
125
100
100
83
Mny
99
Mai
21 4 Jai;
Mai
83
2
—
52 4
69
65
22
it
!v>
pref
pref
J’nc.’o
Dec 1J
Jan 17
Mar3u
Jan
5
Jan 15
J’ly
r-
Rys conv 5s 1911 .J -D
All City 1st 5s g’19.M-N
6
(ti
100
100
100
Ry A Electric.. 50
1st
2d
92
11 ’. >4
32
Dec 21
Sep 20 914
62 4
Dec 22
19
Dec 27
7’ric 7
82
97
1,228
300
6
Nov’-’"
7
Gen Asphalt tr ctfs .... 100
i
*7
7-,
7 *4
31
Dec ',
35
Do
pref tr ctfs ....100
*314 35*4 *34
244 34 V
125
14
4 Nov .'6
*
16
*15 4
*16*4 15 '4 hake Superior Corp....lOu
1 5 Si 16
100
Dec 21
103
Tenigli C A Nav tr ctlH. 50
’102
102
*102
*102
103
74 4 75
50 5,505 65 May 2
734 74 7e Lehigh Valley
i 6rV)
75
100
17]0 Get 8
2
Marsdeu Co
100
2
074 Pennsylvania RR
67 4
50 S,515 614 J'iy 3
677io 6s 4 07yio o; v,
111
47
Apr 20
47 4 Philadelp’uCo(Pitlsb). 50
4 6 ‘4
47 4
*47
47
47
0]8 Dec 7
7 7s 7l4e Philadelphia ElectncL 25 5,138
«
s
8
7i4s
cl94
Dec31
13,171
21
20 4 21 ’4 Plnla Rapid Trausitc.. 5o
20
194 20
01 4 (Dili# Reading
50 5 v, 115 56*4 Ma> 3
66 4 67
66
GS
133 4 JApr 16
Do
1st pref
4 5 4
*44 4 45 8
50
*4 14
44^16 45
US 44 7b .M uy 2
Do
2d pief
47
50
*46
454 45 4
*46
47
5 34 Union Tracton
50 13,472 5Sx8 I >ec IS
57
51 V 5 5 t6
54*4 57 4
5,0
96 <;*l 4 May 16
50
9 2 4 93 4 United Gas liupt
93 4 93 4
92 '4 94
100 25
Dec2/
*
Welsbacli Co
30
100
*28
28 4 30
30
*28
Berg A- E Brw 1 st 6s’21 J
1
lOo
50
»7
Am
loo
Keystone Telephone ..50
Bid and asked
*4
8 >
48
Bonds
ot
100
Indiana L‘ 111011 Tr
Insurance Co ot N A..10
Inter sin Povv it Chem.50
Tidewater Steel
lTeterred
57
94 *v
13
A si:
Mia
Cement
10
100
Amor Gas of N J
Bell Telephone
5U
Cambria Iron
50
Central Coal*it Coke, lot
Consol Trae of N* J...10U
Diamond State Steel.. 10
Prei erred
10
Easton Con Electric b.50
Elec Storage Bat t
100
Preferred
100
Ft Wayne AW V
loo
Germantown Pass
50
Little SchuylkiiL
45
47 4
30
*22
Alltel lean
Indianapolis St
4
4<
7!&io
68*4
4 6 *4
8l 10
VO**
6 J 18
4 5 :V
47
57 4
9 1 4
10
2 t *4
1 5 >4
15*4
103
110*2
7 6 ^ 77
7 7a4
b;:i„
20
47
10.1
PHILADELPHIA
*
44 4
51
*4l‘<
*27
46 4
*
t,s;A
4 7 4
•sk
20*4
69
454
58
4 5 ‘b
12*4
77 4
914
504
*124
O')4
204
68 -u
504
13;,4
764
b4o
504
454
51
4 >4
47 4
12 ‘4
16 4
*102
102
4 i
13 4
4
*
4 647;V
*
*13*4
75
-47
-134
12 4
*
•504
loo
Oct-’Of
Friday; latest bid and asked.
* No price
Consolidated Gas
96*4 Northern Central
22*4 seaboard (new)
*
13 4
844
>
Baltimore
*
954
loo
100
11004
5s. 1963 M-N
( For Bonds and Inactive
Stocks see below)
J-ndag
Jan IS
tiursiiay
04
194
102 4 Auir’04
974
..191DM-N
5s. 191 1 j M- S
ACTIVE .STOCKS
Jan 17
Jan 16
Jan 15
Jan 14
Jan li
12\ 115
174 Aug’o5
.
ot
Saner a a u
j/.otO High
112 y, Xov’OO
101 *4 8>ep ’u5
MiiC04
118
8.5 4 Jail ’u7
•_6 4 1 o-c ’ot
86
28
26
Ao
1906
...100
ioiv
o' 100 1014
10u»v
1004
1122 4 1224
122 *.|,X(iv\'l;!
l! 97 4 100
984
9s 9
102 4 Nov’Of,! ...402 4 106
119 4
7 Jl 17 4 122 4
120 |
914 Dec *00 ...I: 94 sj 904
92 4 Dec ’0v. 1 ---!; 92
94
101
101
i!!ioo 1044
!'10t*4 1024
ion4Sep ’Ot;
lot
118 4 120
West End Street Ry 4s
1915} F-A
Gold 4 4s
1914'M-S
Gold debenture 4k
19 16‘M-N
Gold 4s......
..1917} F-A
Western Teleph A Tel 5s. 1922, J - J
Wisconsin Cent 1st gen 4*1949 J - J
Wisconsin Valley 1st 7s..1909! J-J
Philadelphia and Baltimore Stock Exchanges—Stock
Slime Prices—Not
1924
4s..1946
1922
t 6s... 1919
1st lien conv 4s
U lilted Fruit conv gen
U S Steel Corp 10-60 yr
99
96:*« Jan ’07
96
Jan’07
964
101
90
98
102 4 sep ’05
102 'a Apr’05
100 4 Oct ’06
X’ov’OO
105
J
High
Year
c
1007g Oct *06
Rutland-Canadian 1st 4sl949 J-J
Savannah Elec 1st cons os. 1952 J - J
Seattle Elec 1st g os
1920 F-A
Terre Haute Elec u 5s
19291 J -J
rorringtou 1st g os
191SLM-S
Union Pac HR it 1 gr g 48.1947 J - J
',00* 1*06**
Dec OO
1 24 *4
101
Last Sale
Ask Law
......
Mange
j§
1929 A-O
Rutland 1st con gen 4 4«.1941
102" i'02"
112 4 Jan
Unstamped- 1st 6s
1922
C li it G coll tr 4s 1921
Registered 4s
1921 <y-J
Gt N'oi
Apr’OO
_____
100
101
J-D
A-O
A-O
A-O
M-NM N
M-S
M-S
A-O
A-O
J-J
Concord it Mont cons 4s.. 1920
Conn it Pass R 1st g 4s... 1942
Current River 1st os
1927
Det Or Rap it W 1st 4s... 1946
Dominion Coal 1st s 1 5s.. 1940
Fitchburg 5s
19U>
^
Repub Valley 1st s
102 4 107
97
994
124 4
122
Dec’06
Nov’,*--
104
9 s
122
126
102
10i
1014 lol
104
England cons g os... 1945
boston To tin 1st 4s
Old Colony gold 4s
Dreg Ry it Nav con g
Oreg Sh Line 1st g 6s
|1u278 105 4
97 Hi
90 4
Week’s
Mange or
190si A-O
1915!A-O
6S
5s
4 101
99
/ncr
rYiday
Jan IS
l917jA-0!
Feb’04
110
104 4 Apr’OO
101
lit
~
Illinois Steel deben 5a
1910; j. j i
Non-con vert deben 5s...l912i A-Oi
la Falls it Sioux Cist 7s..
Kan C Clin it Spr 1st os...192544-01
KauCFt S AGult 1st 7s.. 1908; j-D
Kau C Ft Scott it M 6s
192S M-Ni
Kan C M <fc B gen 4s
1934 [M- S;
Assented income 5s
1934 M-S;
Kan C <t- M Ry it lir 1st 5sl929 A-O
Kau C St Jo <fe C B 1st 7s.. 1907' J - J '
Maine Cent cons 1st 7s...1912; A-O
Cons 1st 4s
1912! A-O
Maro Hough A Out 1st 6s. 19251 A-O
Mexican Central cons 4s.. 1911 ,J - j
1st cons iuc9s
Jan 1929 J’ly
Jan 1929 J’ly
2d cons me 2s
Mich Telep 1st 5s
1917 J-J
Miune Gen Elec con g 5s 19291 J -J
New Eng Cot Yarn os
,1929} F-A
New Eng Telepli 6s
1907 A-o
894
1J85 4
TS7 4 Nov’i'O
1004101
; £
Hia
Hlff/i
97 Hi 100
98 V
104
HUMls
BOSTON STOCK KXCH'GE
Week Ending Jax is
lA)W
High
98
89
Salt88 4
98
J-J
J-J
J-J
Last sale
151
......
107
106
.
....
1 12
112
---*•«
110
i 1*2**
110
108
93
894
58 4
.
"
82*\
ilo
95
90
584
....
108
109
109
no
84
94
no
ill
85
95
1 11
1044 1044
1144
c $30 paid.
THE CHRONICLE.
Volume of Business at Stock
THE NEW
AT
YORK
STOCK
I
Onn Securities
Exchanges
90
g
5a 1948
105
J-D
EXCHANGE
1st 6s 1926..
SI ocks
,
i,
j
j
'
i
Saturday
Monday
Tuesday
Wednesday
Thursday
Friday
Shares
Par value
-j
.
,
State
Railroad See
'
Bonds
*857,000
$10,000
5,000
7,000
3,500
$42,506.85dj
6 *,682,400
2,274,500
$133,000
314.500
583,498
1,281,072
52,22 4,800
114,519,0001
78,061,250!
1,439,500
2,727,600
259.500
407,000
2,215,500
137,562,550
2,381,000
261,000
135,000
868,100
__
6,5 7 9,92 3 j $ 4 9 4. G10,8501 $11,895,000 $1,509,000
Total
Week ending
Sales at
Sew York Stock
Exchange
Jan 18
1907
Stocks—No. share*
Par value
Bank shares, par..
$15,500
January 1 to Jan 18
1906
1907
1906
6,*79,923
8.886,616
12,688.437
23,253,109
£494,616.850 $316,139,700 $1,094,731,250 $2,125,519,000
1,500
$28,100
$81,o0o
$9,500
BONUS
$25,500
1,509.000
1,895.000
$13,429,500
Government bond>
State bonds
BK. und mis. bond-
]
Total bonds...
St
Joseph Gas 5s 1937. J-J 4 84
Tclear
496,311
795,77 4
1,555,168
4100
V S
Bonds
Bonds
$64,600
2.837,000
25.115,200
3,160,000
28.393,700
$39,500
$292,600
8,690,800
52,972,400
$28,016,800
$31,883,200
$61,955,800
29
GS
J-D
85
140
in
75
Franklin
100
45
11 Gold A Stock
100
110
Hudson RiverTeleph 100
70
1iN YAN J Teleph...i00 alll
UNortliwestern Teleg. 50 116
Paeilic Sc Atlantic
25'
75
USouthern Sc Atlantic 25
95
li Central A SoAmer. 100
Cominer Un Tel (N Y).25
Emp Sc Bay State Tel 100
N Y Sc C El L APowColOO
Prelerred
100
United Electric of N J 100
4s 1949
J-D i
Week ending
Jan 18
l'JOl
Saturday
Monday
Unlisted
shares
Listed
shares
|
86,109
96,4-*8
$7,000
7,550
8,500
14,000
lo.ooo
| 89,492
27,685
696,‘»98
116,2 44
129,122
]
Unlisted
shares
2,000
20,349
17,047
29,0/1
27,754
29.890
32,316
1,967
7,315
4,785
12,952
6,014
24,461
$30,100
41,900
41,700
79,200
26,912
11,170
$49,050
155,427
57,494
$230,982
83
70'4
7 Oh
85
29 8
92
prel
os
Empire Steel
.....100
Preferred
10O
Federal Sugar, com.. 100
Preferred
100
IIGeneral Chemical ..100
100
1l Preferred
Gold Hill Copper
1)
Greene Cananea (w i).‘2u f
Greene Con
Copper... 10 1
30’
Greene Consol Goid... 10 1
Greene Gold-Silver.... 10 t
295
GuggenheimExplo’n.luu
Hackensack Water Co —
Ref g 4s 52 op 12...J-J
Hall Signal Co
100
Havana Tobacco Co..100
Preferred
100
1st g 5s June 1 *22.J-D
Heeker-Jones-Jew’l .Mill
1st 6s 1922
M-S
i
109
37
Her’g-Hall-Mar,new. 100
Hoboken Land A iniplOO
M-N i
100
loo
luu
com. 100
100
luteruatTBaukingColth
Int’n’i .Merc Marine.lot
Prelerred
loo
Col tr d 4 H>’22op’07A-O
Lnternat’1 Nickel ....iUO
Preferred
1 Oi
l35
10
9:,4
International Sait....lot
1st g 5. 1951
A-O
luternat.jnai Silver, lot
lot
J-D
28
75
115
29
84
88
19
65
5
48
105
65
2ii
764
65
6
52 4
108 4
69
Lackawanna Steel...lot
1 Hi
3'v Lulls ton Monotype
20 f 13 Hi 1 o34
3 Hi Lawyers Mort insur.lot
189
1*4
191
95
‘DO
HLeliA Wiikesb Coal.ot
60
Lord A Taylor
125
....lot
135
6
Prelerred
id
100
loo
103 4
41
140
liLoriilard (P) pret
1 50
lot
98
73
105
5Iaek tv e'ouipaiues ..lot
73 4
Deposited stock
Prior lieu,
Con mtg g
Electric Vehicle
Preferred
Prelerred
1st 6s 1948
Railroad
✓Jlie Peo A St L
100
100
100
100
1l Preferred
74
81
107
no
.
5 I
chectric Boat
Preferred
1,5s 1910
Houston Oil
Preferred
Hudson Realty
1
Ingersoll-Raud
1*5
98
4108
N Y A N J 2d 5s 1946. J-J 4105
>
30
4 80
Union Ferry stock
28 Hi
90
Hist 5s 1920
51-N
Bond
sales
75
115
80
4105
Listed
shares
15,314
24,955
14,280
l*,80i
14,209
j 162,540
132,827
Thursday
Friday
Bond
sales
55
55
70
75
68
78
EXCHANGES
Philadelphia
90
L43
Ferry Companies
Brooklyn Ferry stocklOO
BOSTON AND PHILADELPHIA
Boston
73
103
88 E
Electric Companies
Chicago Edison Co See C hicago list
IjKingsCo El LAP Co 100 125
128
Narragan (Prov) El Co 50 t 98
99 *4
BA NY 1st 6s 1911. J-J *
DAILY" TRANSACTIONS AT THE
Douglas Copper
4
35
Telephone
IjAmerTeleg A Cable 100
LXXXIV
IniliiHtrial ami .Uiatcel
Ask
133
Cuban 6s of 1896
91 Hi 11 Diamond Match Co. 100
Dominion Copper(new) 10
4105
DAILY, WEEKLY AND YEARLY
Week, ending
Jan 18
iyo7
Bid
14131
1jCon
TRANSACTIONS
[7ol.
1930. J AJ
....
Outside Securities
Weekly Review or outside Market will be tound^on
A
Street Railways
Bid
Ask
Bieeck St A Fui F stk 100
31
33
1|lst mortis I960 ..J-J
90
92
U B’y A 7th Avo stk
100
1j2d mort 5s 191 i ...J-J
228
loo
235
Exeh
* H)4
list
..
Con 5s 1943
Sec Stock
.8'way Surf 1st 5s gu 1924
UOeut’l Crossi’u stk..loo
IjlslAi 6s 1922 ...M-N
IJCen PkN A E R stk. 100
iiChr’L’r A loth St fell; 100
CoiA 9lh AvensSlock
Dry D E 11 A B—
1jlst cold 5s 1932
JSlreet
Pub Serv
MilV YORK CUT
J-D
280
111
1 90
165
104
1 uG
3lo
115
i
170
Exeh
list
108
1U0
110
,102
3/0
385
Stk
E X list
4110
L11 Hi
175
125
a
preceding
Railways
Corp of N J100
Tr ctls 2°-o to
Coll trust 5s
...
Ft W A Den Cy *td.
Great Nortlieu Ore
See
N Y N 11 A Hartford—
Con deb 3 4s 1956. J A J
page.
Penn.
Nov
Bid
Ask
loO
95
68 *2 6 j H
6% perpet
gold notes
1909 optional
M-N } 95
North J ersey St Ry 100
50
1st 4s 1948
M-N 4 75
Cons True of N J... 100
76
1st 5s 1933
rJ-D 4105 L:
New’k Pas Ry 5s’30J-J 41151
Rapid Trail St ity..l00 245
1st:5s 1921
A-O 4107
J C Hob A Paterson lot)
40
4s g 1919
M-N > 7(i ’.j
j
So J Gas El A True 100
120
Gil g 5s 1953
M-S 4 98
No llud Co lty Os’l-lJ-J 4 108
5 s 1928
1-J 4 io7
Ext 5s 192 4
M-N 4101
Pat City con (is ’31.J-D 4119
2d 6s....1914 opt A-O 4100
j So Side El (Clue) See C hicago
55
76
76 Hi
lOu
113
I
g
( U
4 4%
1*7
! 4 987e
|t 32
f
70
94
eaboanl Air Eme—
Coll ir5s 1907 op...M-l
SeaboaxdCo
See Balt
9J
Excli
71‘4
99 E
list
Industrial and .Uiscel
Ahmeek .Mining
25 f 112
Alliance Really
Uhj 132 H.
Allis Chalmers Co 1st m
h f 5s *36
opt’16 wi. J - J i 81
American Book
160
loo
American Brass
lo : 182
American Can com...10
4:j4
Prel erred
lo
;• 1E
American Chicle Co.. 100 190
Prel erred
loo
loo
Am Graphoplio Oom..l00
42
.
123
LUO
90 'e
36 "
75
111.C'.,stk.tr. els. ser. A’ 5 *.
:
96
?d
115
137 Hi
Prelerred
70
lu(
Madison Sq Garden..100
2d 6s 1919
M N
IjManhatt Beach Co.100
Manli Boh JlotelA Land.
Preferred
70 4
25
15
75
4H_
64
too
Well. g. 48-1940...M. N
M a n 1 latta n Tr an si t
20
Mex Nat Construe.pfloo
Mitchell Mining.
10
ALouoirgahela R Coal..50
Preferred
5o
......
t
6
0*4
13
t
!
t
17
5
’4
*
54
7
26:g
97
Co...too
lo2
Nat Bank ot Cuba
105
loo
1 12
National Surety
190
loo 170
Nevada Cous’d Copper.5 t 1.8 *4
1»
35
1lNew Central Coal
20
40
N J Ter Dock A Imp.100
38
N Y Biscuit 6s loll.-U-S
102
N Y Mt ge A Security. lOo
185
195
40
1,New York Duck
JLOO
45
Mortgage Bond
......
82
170
75
1,Prelerred ..2
loo
oh
83
N Y Transportation...20 t
(> J
4
44
198 j Niles-Bem-Pomt com. 100
1 10
125
99
ioi
105 \ Nipissmg Mines
t
13‘4
5
13^
400
1i42d A Gi st F*\ MK..1UO o i ;>
103
•13
6 h
1,Ontario Silver
100
67a
60
42d SI 31 A St N Av.,100
70
Prelerred
loo
'Otis Elevator com
84
50
100
65
102
105
.luer Hardware
115
Ido
1j 1st molt 6s6s1.6(1 ..M-s
Prelcrreit
118
94
loo
97
60
V2d income
191,5 J-J
65
list
Am ice Securities
see, 81 k E x list Phoenix Securities
i
E t
°8
Inter boro-.Mctroj toiii an—
Syracuse Rap Tr 5s 1946 410.*
106
Am dialling6s 1914.
104
106
t
32 *4
Pittsburg
Brewing
5o
32
4
Common, Ste slock Ex cha’ge list
Trent P A 11 5s 1943J-D 4101
ner Press AssoO’u
104
95
'
100
Prelerred
51
5o
61
4
Preferred, bee stock Ex oha’ge list
Ulilted Rys of St E—
Ain Soda Foun com..loO
1
3
Excli list
See
Pittsburg
Coal
Stock
Exeh
4
bonds.
Sire stuck
list
Com vot ir ctls
100
42
43 H.
1st preferred...
loo
45
li
Pope Mauui.acturing.lou
3
k iii x c ilsl
Ltj a, j\. v* <v i/itv b
fj
100
80
1 Prelerred
2d preferred
80;»4
o
100
ist prelerred
10
58
.100
63
Geu 4s 1934
1j Yletrupoi Securities 10d
S'eeStk Exeh list
Amer Steel Foundries—
2d preferred
14
loo
16
112
U mt RysSitn Frau Seestk Excli list
Metropol street Rv. loO 106
At 6s 1935
A AO 4 95
9 7 Hi Pratt a Whit 11 pret.. 100
*J i
loo
170
ISO
Nintli Avenue stocK.loo
Wash Ry A El Co
4 0 *4
40 ^
100
American surety
187 c 192 H.J Public Serv Corp of Va—
5oj
Second A venue stocklOO 190
L95
Preferred
100
85 Hi 87
American Thread pret.. 5 l
4 H;
o
1st m g 6s J my 1936
95
97 4
opt
i(>2
4s1951
J-D
85
1|lst mort 6s 1909 .M-N Hot*
85
AmTobac (new) com loO 360
375
155
Realty
Assoc (Bklyn j loo
160
112
Consoles 19 4s
F-A 4 1 10
25
30
11 West Chicago St
100
Preld
See Stuck Exeh
list
104
Royal
Bak
108
Puwdprci.i.00
IjSixtli Avenue .slock 100 168 ,) 13
1,Con g 6s 1936
M-N
4s and 6s
75
See Stk Exeh
list
Safety Car Heat A ELI on 280
290
Sou Boulev 6s 1945..J-J vlUO
104
Ant Typeio’rs com...100
oS
42
Seneca Mining
\
(<ii.n
25
Securilio*
So Fer l*t 5s 1919...A-o *lOf>
106
Prelerred
..100
98
LUO
Sintror Mig Co...
loo 4 80
500
NEW YORK
Thir a Avenue See Stock Exeh il.Sl
Amer Writing Paper.100
4 *4
Standard Cordage.... 100
oh
9
11
Tritv W P A M 6s 192s *102
104
Cent Un Gas 6s g’27.JAJ 4 10 L
104
Preierreu
25
loo
1st M.g.f.s.’Ji red..A.O
25 ‘-J
54
56 4
1" k e l fe S t R R 6 s 194 6A O *100
102
Con Gas (N V)stk. See .•>! k Exc h list
latsf gbs ’19 op ’09. J - J
84
85
16
Adjust.
M.
5s.
H.
Apr 1,1931
18
2Sth A 29th Sts 1st 5s ’96 * 104
.107
Conv del) 6s ctls SetfStk Exeh list
70
1jBarney A Sm Car ...loo
Stauuai «t Couplet com 100
72
•18
400
Vl'weiily-Th’d St stk loo o i o
200
IjMutuai Gas
100 165
IjPreterved
loo 150
Preferred
loo
120
130
Union Ry lslus 1942 F-A 4105
107
New Amsterdam Gas—
18 Hi
UBethl’m Steel Corp loo
Standard Milling Co.loo
21
7
9
WeslchCfet 1st 5s ’43 J -J *ioo
105
1st consol 5s 1948-..J-J 4 97
100
It Prelerred
60
loo
Preferred
70
5
loo
28
BROOKLYN
Y
A
N
East River Gas—
1st ext 5s—see Stk Ex
1st 5s .1930
e list
cluing
M-N
77
80
AUan Ave 6s 1909..A-O * 99
10-14
1st 5s 1914
J-J 4103
107
Bliss Company com
5o 140
1 45
Standard oil ot N J ..loo 634
533
Con 5s g 1931
A-O <t loti
Consoles 1945
J-J 4 98
103
Prelerred
1 uU
5o
Swift A Co See Boston st K Ext
134
98
B B A W E 6s 1933..A-O
ii’ge
160
N Y A Richmond Gas.lOO
38
Bond A Mtg Guar.... loo tJ 4 O
1st 5s 1910-1914...J-J *102
105
226
Nor Un 1st 5s 1927..M-N 4100
Brooklyn City stock...10 22 U
loe
Borden’s Conti Milk.. 100
174
r
178
Tennessee Copper
25
4934
51
Con 6s
See Stock Exeh list
80
IjStandard Gas com ..100
105
Preferred
loo
110
1 15
li Texas A Pacino Coal loo
74
Bkln Crosstn 6s 190S. J -J
loO
102
1 2')
1 Prelerred
loo 100
British < ol Copper
5 » j 1
1st
6s
11
1908
A-O
i 105
H,
110
Bkn ilytslstos 1941 A-O
103
107
1st 5s 1930
M-N
104
108
Butte Coalition AIiu.,15
37
Title Ins Co ot N Y..I00 iTo
38
L80
Bkln Cl Co A Sub See Stk E.xcli list
OTHER OITIKS
*>
Casein Cool Am com., loo
5
Tonapah
Min
f
18
(Nevada).
1
184
Amer Light A Tract. 100 *10 8
Bklyn Rap Tran See Stk Exeh list
110
Preferred
..10e
75
Trenton Potteries com loo
Si*
14
17
Preferred
IjConeyJs. A Bklyn ..loo 200
loo X 96
98
Casualty
Co of Amer. loo 120
Preferred
130
new
93
....loo
98 *
1st cons g 4s 1948..J -J
90
03
Si
Bay State Gas
50
loo
nlu Celluloid Co
136
Prow Directory new ..i00
139
39
49
106
BrkCw N 5s 1939.J-J
Binghamton Gas 5s 1938 i 96
100
Cent Fireworks eom.lou
15
Uinon Copper
18
jo t
1
7b
Gr*pt ALornuer St 1st 6s 103
Brooklyn Union cas deb
Preferred
loo
68
Union Typewr com..100
73
s.>
90
Kings Co. Elevated—
6s 1909 conv ’07...M-S
1 10
125
Central Foundry
3
1st preierreu
100
3h
I18
loo
122
Exeh
1st 4s 1949 See Stock
list
Bultalo City Gas stock 10U
6
Preferred
8
loo
16
2d prelerred
17
118
loo
122
65
Nassau Elec prof
4 0
1st os 1947 .Nee Stock
100
Excli list
Deb 6s 1919 op ’01 M-N
71
United Bk Note Corp..50 t 62
73
5s 1944
105
A-O
Consol Gas of N J —
Central Leather
see Stk E x list
Prelerred
5o
t
62
56
1st 4s 1951
See St k Ext li list
1st os 1936
J-J 4 90
92
Uentui^ Realty
loo
200
95
1iUuitedcigarMfg.,pf. loO 93
N W b’ A Flut 1 st ex 4 4s 100
104
Consumers’ L 11 A Pow—
Cnesebrougli Allgc'o loo 420
Uluted Copper
4 40
71
100
72
114
os 1938
Stemway 1st 6s 1922.J-J 4110
J-D 4104
Chic Pneuni Tool, see Clt icago
Preferred
list
100
9o
95
OTHKii CITIKs>
Elizabeth Gas Et Co..] 00 275
City investing Co
loo 100
U S. Casualty
105
...lOo 225
Buflalo Street Rv—
Essex A Hudson Gas 100
125
129
1jCLaliin(H B) com.... 100 104
U S Envelope com...100
110
-10
1st consol 5s 1931..F-A 4109
111
Fort Wayne 6s 102o..J-J
45
50
1,1st prelerred
loo
93
Preierreu
li
loo loo
101
Deb 6s 1917
A.O 4105
Gas A El" Bergen Co.. 100
57
60
1i2d preferred
lot)
93
US
Rub
2d
Exeh
pt
See
Slock
list
Chicago City Ry
Grand Rapids Gas—
See C lucago list
Colo Industrial. See stoc It Ex
U S 8>teel Corporation—
list
Columbus (O) StRy..100
LOl
102 4
list os 1915 .;
F-A 4102
103
Col A liocKCoalAl pt loo;
74
16
Col t r s t 5s ’51 opt *11
*112
112*4
Preferred
J oo
108 4 111) 4 Hudson Co Gas
100
113 ‘4 114
1st g 5s 1917..
J..J 4 82
8:5
Col tr s f os’51 not oju.. *112 ‘4
Colum Ry con 5s bee Ph da list
Indiana Nat A Ill Gas—
Col tr 6s Oct 1956..J-J
97
Tit
GuA
I
U
S
intern.
100
lOlHl
110
Croast’wu lat5s’33.J-D 4107
109 4
1st 6s 1908
M-N
20
25
ConsohdCui Healing 100
Utah Copper Co
oo
60
10 t 38 bi 40
Grand Rapids Ry....l00
67
70
Indianapolis Gas
50
67
72
Cons Ry LtgARetng.lOO
3
Westchester
A
4
Bronx
Preferred
87
90
100
1st g 5s 1952
A-O 4 98
1<:0
Consol Rubber Tire..loo!
4
Title A -Mort Guar. 100
4 H.
175
182
Lake St (Cine) El
Jackson Gas 5s g '37.A-O 4 95
see C hieasio list
Prelerred
too
100!
14
18
Westingh Air Brake..60 i 155
Kansas City Gas
1|Louisv St 5s 1930.. J AJ 4116 Hi 111
5(3
lOo
Debenture 4s 1951 A AO
35
38 H2 *i West Elec A Mtg—
LynnA Bos 1st 5s’24.J-D 4107 4 110
IlLuelede Gas
iOo
100
Cons storage Battery
8
1 1
Con sf 5s bee Stock Exc 1. list.
32
33
TJNew Orl Rys A Let. 100
1. Preierreu
loo
92
Corn Prod Ref See Stock Exeh
ist
White Knob Alin
lo
h
"s
H Preferred
100 .c s'O
8014 Laiay’eGaslst 6s’24.M-N
44
50
Cramps’ Sh A Eli Bldgloo
15
Preferred
10
3 Hi
| 20
S4
HGen Mg 4 4s ’35
See' Stk Ki x list1! LogAWabV 1st 6s’2o.J -1>
30
35
jCrucibie steel
looj
Worthing
l0a4
115
120
Pump
prel.
100
North Chic Street bee Ci lucaiiol list
i
Madison Gas 6s 1926.A-O (106 Hi no
i
Hi
♦ Buyer pays accr’d nit, f Price per sh. f sale price. aEx-nghts.xEx-div. I New stock.
qSeLls oa St’k Exon., out not a very active
fScrm 5 s 1914
F-A
Eighth Avenue stk..loe
1iscrip (is 1914
F-A
...
......
.
'
-
.
.....
,
......
......
•
......
...
r
..
tooj
seounfcy.
Jan. 19
153
THE CHRONICLE
1907.]
fmisstraewt and Railroad Intelligence.
GROSS
RAILROAD
EARNINGS.
The following table shows the gross earnings of every STEAM railroad from which regular weekly or monthly returns
be obtained.
The first two columns of figures give the gross earnings for the latest week or month, and the last two
columns the earnings for the period from July 1 to and including such latest week or month.
We add a supplementary
statement to show the fiscal year totals of those roads whose fiscal year does not begin with July, but covers some other
can
The returns oj the street railways are brought together separately on a
period.
Current
Week or
Month.
no ADS.
Year.
Current
Year.
Previous
Year.
Jjnly
Latest Gross Darnings.
July 1 to I. a test Date.
Earnings.
Latest Gross
subsequent page.
Week or
Month.
ROA DS.
Previous
Year.
i
j
Current
Year.
Year.
)
1 to Lots'. Date.
Current
Year.
I Previous
| Previous
1
Year.
\
'
S
$
*
i
s
i
S
5
$
N Y C A Hud River December (8.062,090 7,746,084 49,519,876)46,906,037
Ala Great Southern —See Sout hern Rail way.
21,843,800 j 20,133.800
December.v
13.468,000
(3.549.073
Rake
A
M
S
Shore
Ala X O Sc Tex Pac.
2,721 ,821 j 2.747.929
455,244
447,000
Lake Eric A West December//
1 .391,396
1 ,613,612
December
207,184
300,327
N O Sc N East
892.290
902,259
202.666 1
189,265
Chic Ind A Sou./. Novcm ber.
766,671
600,214
153,848
137,966
Ain & Vicksburg. December
Michigan Central. December/) 2,122,000 2,026,12? 13,4 68,000 12,056,700
078,465
127,913
103,740
$05,501
Vicksburg Sh Sc P December
12
,286,300
13,232.000
2,041,579
December// 2,16!) ,000
Clevc (' C A St L
16,892
18.024
3,934
4,069
AlaTenn & North.. November.
203,7811
312,002 1 ,328.706 1 ,35 1.386
Peoria A Eastern November.
k Atch Top Sc S Fe. November. 7,916,483 7,142,316 37,672,962 32,867,218
392 .907
469 ,342
November.
82,191*
68,030
Cincln
Northern.
October
373,844! 378,469 1,417,310 1,367,407
Atlanta Sc Chari
6,305,173 5.668,700
Pitts A Lake Erie November. 1 ,261 ,897 1 .2 13.1 65
400,460
636.200
81.391
130.121
Allan Birin Sc Atl’c. November.
1
1 ,311 ,272
.204,190
233.420
November.
214,476
Rutland
Ulantic Coast Line November. 2.209 ,370 2.1 10,770 10,1 78.033 9,297,700
930.741
December
979,205 5,016,209 4 ,760 ,820
N V Chic A St k
6.720,001 0,400,020 41.771,197 38,610,408
Baltimore Sc Ohio.. December
tral.
\’ork
Cen
V
New
X
C'llic A St Louis —See
i ,294,120
969,208
188,628
287~,of>2
Bangor & Aroostook November.
620.628
3,701,573 3,430, <97
639.174
X V Out A Western November.
0 ,086
31,103
29,084
0,197
Bellefonte Central.. ! leeember
1 .229,346
1,1X1 498
236,771
220,842
N
V
2
2
2
**$.{)
Susq A W est.. .November.
3,012
22,833
3,947
Bridgeton Sc Saco R November.
Norfolk A Western. November. 2,063,640 2 ,299 ,304 12,642,569 11,612,635
163.624
160,023 4,005,660 4,935.254
Butr Rocli Sc Pitts.. 2d wk Jan
4
,6!'6,214
965,637 5,268,714
Xorthern Central.. November. 1 ,058,937
604,871
701,048
103 .01 6
November.
131,926
Buifalo Sc Susq
0,768,287 5,276,1 54 36,736,801 32,966.206
December
Northern Pacific
970,771
907,090
1 Jcceniber
128,863
119,241
Cal Northwestern
2,400,661
604
2,442,127
,409
582,824
October
Paciiie Coast Co
4.023,200 2,772,000
78,800
107.100
(’anadian Northern. 1st wk Jan
13121717 12 516317 65.387.424 59,977,024
i/Penn—Blast P A E November
2d wk Jan
899,000 1 .022 ,000 39,361,370 33,373,794
Canadian Pad lie
Inc.'S ,71 5,400
Inc. 03 1 .800
November.
(/West P A E
187,600
6,309,877 6,067,689
( entrai of Georgia
1st wk Jan!
239,200
A
Peoria
Eastern —See New Vork Cen tral.
('entrai of N Jersey. November. 2,193,861 2,078,076 11,190,977 10,716,091
7,103,835 6.382,735
Phiia Balt A W ash. November. 1,410,009 1,302,659
65,906
78,666
3,348
2,792
Chattan Soutiiern.. 4'tii wk Dee
843,439 4,037,485 3,939.291
818,908
November.
Philadelphia
A
Erie
2.033.482
9,816,326
10,031,74
6
November.
2,111
,236
Chesapeake A Ohio.
Pitts Cin ('hie ASt 1. November. 2,028,928 2.461,518 12,781,770 11,702,838
10,333
4 .320
19,144
3,404
Chesterfield A Lane November.
Pitts A Lake Eric —See New York Cen tral.
Chicago Sc Alton Rv November. I ,008.8 19 1 ,o (3.40 1 0.007,009 0,173,460
5 ,363
25,238
!) ,071
37,087
Raleigh A Southport November.
4 .861 ,416
ir>l ,24a
166.400
0.330.287
Chic Great Western 2d wk Jan
Reading Railway.. November. 3,6 13,364 3,618,960 1 / ,.<27 ,469 17,408,714
N.< ,68.'
8 9,360
3, i 84,263 0,wU-l,()-0
Chic Ind A Louisv. 1st wk Jan
14
14,678,259
4
,*23!)
,024,017
,230
Coal A iron Co.. November. 3.781 .536
Chic Ind Sc Southern —See New Vork Cen tral.
November. 7,424,900 7,858,190 3 1 ,051 ,486 32,086,973
Total both cos..
Chic Milw Sc St Paul November. 3 ,200 382*4 ,972 ,089 26,469,926 24.206,172
380,405
1
414,397
126,724
19,910
Rich
Fred’ksb’gAP September
Chic Sc North West. November. 0,929,308 0,636,926 30,162,900 27,841 .378
236,657
282,708
63,894
79.897
October
Rio Grande June..
6,123,360 0 ,848,561
Chic St Paul M A O. November. 1 ,293.610 1 ,204,! 20
330,786
306,105
10,264
1st wk Jan
10,549
Rio (Jrande Soutli.
903,105
900,758
32;400
28,074
1st wlc.Jan
Chic Term Tr RR.
22.468.016
Rock Island System November. 5,071 ,193 4.003,4 38 24,797,887
Ra iiwav.
Cin NO & Texas Pac —See Sout hern
17,823,875
3,802,288
20,018,364
c St k A Sait Fran November. 4,136,922
Cincinnati Northern —See New Vork Cen tral.
1 ,009,909
968,724
201 ,080
191,310
/' Evansv A Ter 11 November.
Clev Cin Chic A St L —See New Vork Crn tral.
Total of all lines. November. 9,409,195 8,097,036 40,826,210 41 .261,115
1 .100,408
917,940
1 99 ,00 6
220,607
Colorado Midland.. November.
—See New York Cen tral.
Rutland
230,992 7 ,1*36,900
6,251,276
h Co & South Svs.. ls't wk Jan
277,879
721 ,070
665,932
126,270
123,981
St Jos A Grand Isi. November.
1 16,933
126,638
27,482
26.000
Col Newb A Laur._ November.
St
k
A
.San
Fran —See Rock Island Sy stem.
236,150
281,279
62,67!)
67,162
October
Copper Range
4,891 ,4 05
0,707,823
2d
179,130
100,288
wk
.Ian
St
Louis
Southwest.
93.872
77,228
November.
16.993!
10.194
Cornwall
6,321.610 5,998,086
Seaboard Air Line.. Novem ber. 1,388,093 1 ,282,009
191 ,038
209,948
38,602
38,074
Cornwall A Lebanon November.
184,490
230,993
! leeeinber
28,412
35,029
Sierra Railway
11
10,799,908
.070,788
383,600
308,000
1st wk Jan
Denver A Rio Gr..
720,XX8
1 19.372
830,000
December
135,61!)
Sout hern i ndiana
559,941
648,013
21 ,303
20,133
Detroit A Mackinac 1st wic Jan
44,674
,000
00,810,482
11224818
9.618,799
cSouthern Paciiie Co November.
7 0 ,3 7 0
2,170,085
2,208,83 1
81,046
DetTol A Iront Sys Wt wk Jan
909,223 29,269,471 27 ,0 1 3 ,660
1st wk Jan
967,103
Sout hern Railway
84,274
141,614
23,203
28.409
Dul R L A WJnnip. N ovember.
175,022
149,090 0.204,160 4,663,307
1st wk Jan
Mobile A Ohio.
1 ,592,866
1 ,740,08!)
51*709
39,861
Dul So Shore A All. 1st wk Jan
4 ,032,006
244,220 4,319,431
238,283
Cin X O A Tex P. 4til wk Dee
November. 4,636,230 4,411 ,220 22,830,681 21,621.519
Crie
1,80 1 ,092
1 33,0 1 0
117,167 2,up), 120
Ala Great Soutli. 1th wk Dec
Evansville A Ter li —See Rock Island S ystem.
939,010
18 1 ,344
168,402 1,070,279
Ga Sout li A Fla.. December
4 0.023
1 ,870
2.179
7,461
November.
Fairchild A N E
036,361
21)
634,900
.722
16,02!*
1st wk Jan
Texas Central
337.1 1!)
364,660
06.700
52,041
November.
Fonda Johnst A (i 1
344,287
200,000 8,804 ,71 3 6,972,642
2d wk Jan
Texas A Paciiie
1 ,203,676
I ,279,101
277.132
200,228
November.
Georgia RR.
21 ,09!)
22,446
6.357
Tidewater A West. September
7 7o0
Georgia Coast A P’t November.
1 ,87 1 .420
399.284
360,276 2,143,182
Toledo A Ohio Cent November.
Georgia South A Fla —See Sout hern Rail wa\n
708,840
670,999
19,061
23,033
Toledo Peo A West. 1st wk Jan
7 06,017
613,90 ! 23,100,666 21 ,363,509.
Grand Trunk Sys
’ 1st wk Jan
2.184,300
2,1 99,296
67,777
80,409
Toledo St k A West 1st wk Jan
162,336
3,107.872 2,844,286
It it wic Dee
163,830
Gr Trunk West
18 ,061
24 .098
4
4.117
,849
Novem
ber
8 1 1,701
Tombigbee Valley..
49,360
904,316
62,0 88
Det Gr R A Miiw' it b wic Dee
368 ,893
68,4 56
393,213
66,272
Tor Ham A Buffalo December
1 .062,463
1 .090,107
40.060
it a wk Dee
46,022
Canada Atlantic
Cnion Paciiie Svst. November. 6,6 10.596 6,10!) ,030 32,607,210 30,21 1 ,880
1 leeeinber
3,609.178 4,101 .019 29,136.120 26,750.1 89
Great Northern
478,730
76 ,48 0
497,698
76,9 1 1
Virginia A So West. 1 hTcmber
1 .379,297
1.438,821
206,823
230,678
Montana ('entrai. 1 Jeeember
4 7 ,»> f>S 10.080,274 13,080,532
482.658
2d wk Jan
Wabash
1 Jeeember
3,894,806 4,307,8 12 30.070,246 28.129,486
Total system
80
2,47
1 ,008
101
2,881
,900
.2
1
6
,809
4 0-.080
1 ,230,700
1,039,667 j Western Mary 1 and. 2d wk Jan
09.272
Gulf A Ship bland- 1st wk Jan
2.051 .032
290 .non
2,703,532
331 ,063
0 64 .0X2
087,090! 2 .997.020 2.857,731 i West Jersey A Sca’e November.
November.
Hocking Valiev.
93.034
2,986.590
10 4,237
3,240,88 1
Wheel A Hake Erie. 2d wk Jan
1.937,802 4.60 1.0041 27,92! .419 25,319,221
December
Illinois Central
(U ,62 1
62,808
13.038
October
12,764
1 1 3,0001 4.839,061
3,920,635 ! W"msport A N Hr
1 60 .000
2d wic Jan
Inter A Gr North
6
2,491 ,366
662 ,4 19
19,100
2,602,781
Wisconsin Central.. October.
1
3,072,092
I
3,070,779
1st
wk
Jan
123,300
afnteroeeanir HU: xj.
10,234)
!) 1 ,520
99 ,360
1 8 .827
21.1 •» !|
1 ,634,242 1
Wrightsv A Term.. November.
61 .7 19
06,0791 1 .278.774
i 2d wk Jan
Iowa Central
1,608,202 3,890.400
930.022
977.7961
905.907 j 5 azoo A Miss Valley December
988,990
180.44 2!
190.774
Kanawha A Mich
i November.
762 .706
677,870! 3,00 6,074 2,957,626 i
Kan Citv Southern.!.November.
Previous
Current
!
Lake Erie A Wfvfnj —See New Vork Cen| trak
j
Year.
Year.
Prri'et.
\rarious Pi sen! Years.
tral.
1
York
—See
New
I
Lake Shore A M Sun]
Cen;
713
14,503,088
November.
2,!)4
3,009
Lehigh Valiev....
j 3.074.006j 15,55
to
Oct
Melt 1
52.747,083 52,61 1 .686
Atlanta & Charlotte Air Line
237 ,988
220.876
November..
43.31 l!
40,083
Lexington A East
60,633
07,068
to
Dec
Jan 1
Bellefonte Central
Inc. ’> 31 .780
Inc. 7!).ior,4
November.
Long Island.
361 ,824
to
Oct
360,747
Ian 1
Manistee Sc Northeastern
380.329
76,101
007 ,6341
November.
88,01)31
Louisiana A Aiknti
92,676
to
Dec
96,462
fan 1
Manlstlque
82.635 24,720 191 j21,860,314
913.1001
Louisville* & Nm hv. .1st., wk Jan
.Ian
1
to
Dec
7,087 .3(19 6,293.100
M e.xi can 1 tai i wa y.
82 ,6601
1 0 .6 -.1'
84,072
10.319
! >ercinber
Macon Cc Hinning!
1
,197,220
to
Dec
1
■Ian
I
1,240,34
M ex I cam Southern
< )etobcr
20, i no
20,098
Manistee & No E
Dec
92,399,100 86,090,600
Ian 1
New Vork ('entrai
40 300!
01.981
4 ,44 8
0.(107
f leeeinber
Manist'Upic
I tec
12,400.900 38,600,800
Lake Shore A Mich Southern. Jan 1
644
101
166,467
31.020
29,1091
November.
Maryland A Penn.
I >ce
0,937,300
■Ian 1
0,247,200
Lake Erie 8: Western
a Mexican Centra!
1 .9 24.1 63
j.November.;2 ,074 .370j2.102.430 4,000, 800 3.398,090
Nov
2.098,022
/ Chicago Indiana & Southern Jan 1
a Mexican Intentat.! 1st wit Jani
134,0011 121,414
Dee
Jan
1
23,283,900
26,087,100
Michigan Cent nil...
181,000
183,700 3.090 300 3,162,000
a Mexican Railway. j itli wk
24 ,094 .'900 22,017.700
I )er
Jan 1
Clevc Cin Ch'.e & St Louis
G13 020
079,328
29,248
a Mexican Southern) 1th wic Dec
30,903
to
Nov
2.790,263 2,608.292
Jan 1
Peoria & Eastern
Vork Cen tral.
Michigan Central
] —Sec New
Nov
772,006
to
940,103
Jan 1
Cincinnati Northern
410 022
390.740
11 ,208
1 1 .894
Mineral Range..... I’-d wk Jan
Nov
to
Jan
1
13,302,329 1 1 ,72 1 ,992
Pittsburgh & Lake Erie
03,9.4 7
00,339 2,090 074 2,136,258
Mlcncap & St HourYM wk Jan
Nov
2,34
6,782
to
Jan
1
2,079,140
Rutland
1 78 ,30%
200.079
0,920 -IS.ai 6,330,304
Mian St !’ A S S M_ Ist w!{ Jan
9.108.730
to
9,902,208
Jan 1
Per
N V Chicago A St Louis..
41(* 14,274 192; 1 1 .983.992
490.027
Mo Kan & Texas.
I’d wk Jan
to
10.744.608 9.692.308
Jan
1
Nov.
Northern Central
803 ,000!
>8,000 20,34 3 069(23,032,069
Mo Pac & Iron Mt
A’d wk Jan
130214273 121901873
to
X ov
Jan 1
d Penn—East of Pitts Sc Eric
889 3221 1.092,313
31,000
20.OO(«(
Central Brandi
2d wk .bur
Nov
Inc. 8.12 3.700
to
Jan
1
(I West of Pitts Sc Erie
89
1
24.121,882
829,000
20,232
379.000;
Total
!2d wk Jan
to
Nov
14,617,246 13.•'02,746
Phiia Baltimore & Washington. Jan 1
188,700
108.413
343 1091
04,761!
b Mobile Jaelc A K CjSeptembcr
t o
X ov
7.703,4971 7,084,384
.Tan 1
Philadelphia & Erie
Mobile & Ohio
—See .Sout hern RailUvav.
26 .'434.329 24.291 ,763
Pitts C'in Chic A- St Louis
..I Jan 1 to Nov
913.227
904.100 4,713 883, 4 ,366,974
Nash Chatt A St L_ [November.
0 17,693
603,483!
to
Oct
Rio Grande Junction
'.. Dec I
200.220 7,606, 64 o 6,5110,601
274,210,
a Nat RR of Mexico'1st wk Jan
4X8.238
to
Jan
660,392 j
Jan 1
Texas
Pacino..
Sc
340
023.
1 0,024 i
'Hidalgo Sc N E._!lst wk Jan
4 .924 ,084
to
Nov
1,383.784
Jan 1
West Jersey & .Seashore
130,666
103, 722;
17,000’
14,100
Ne\ -Cal-Orego i
"! >erember
21 ,056
32. 213
4.201!
4.387
Nevada Central'November.
•
.
..
.
-
..
..
.
,
_.
_
_
*
.
_
.,
.
.
..
_
•
i
..
.
.
.
...
_
..
.
...
__
.
..
'
.
_
.
.
_
,
.
-
..
.
.
..
.
_
_
Deej
_
.
.
-
and Monthly.
AGGREGATES OF GROSS EARNINGS—Weekly
j
1
'( 'ur'nt
Montlilu Sunn naries.
\
week
2nd week
3d
week
4th week
1st week
2d
week
3d week
4* h week
1 St week
1st
,2
Nov
Nov,
Nov
Nov
Dec
Dee
Dee
Dee
Jan
(44 roads)
(4 3 roads)
(4 4 roads)
(JO
(4 1
(43
(41
(39
(40
s
1O,0(»9.849
.
1 1 ,028.072
:
roads)
roadu
roads)
roads)
roads)
!
roads)
'
Mexican currency,
Year
!
-
!
11,10 1.251
14 .843.402
!).!»! 2.277
10.164,107.
9.9 *3.086
1 ' .365.803
8.889.4 49
Inc. or Dec.
C/J
X
97584,752
!) .938 ,002
10.496,503
13.763,769
8,989,342
9.531 ,700
9.331 .4 61
13.162.829
7.819.070
b Includes earnings of
Gulf &
/o
s
+ 925.0971 9.65 i Month April
Month May
+ 1 .090.070 1 n.97
Mont li June
6.6-1
+ 697,658
Month July
+ 1 .079.633' 7.84
Month Aug
+ 922.935. ln.27 '
4-632.402. 6.63 i Month Sept
Mont h Oct
6.00
+ 61 1 .625
Mont It Nov
+ 1 .202.974. 9.14
Month Dec
+ 1 .069.879 13.68
<*hicago
Division,
c
8-
1906
1906
1906
1900
190 6
1906
1906
1906
1906
Year Prev's Year.
_
Inc. or Dec.
Of
,
o
S
5
roads). 136,685,037 128,005.775
roads). 102,183,742 138,507.872
146,010,301 1 30,233,293
roads)
roads). 168,336,461 148,013,060
roads). 179,191 .945 TOO ,830,022
184.551 ,471 171 003,020
roads)
(119 roads). 198,733.229 179,400.267
83.200,084
87.1 10,750
(6!) roads).
83,796,332 79,327,117
(60 roads).
(111
(1 24
(113
(117
(118
(! 22
+ 0C
+ 13
+ 10
+ 20
+ 19
+ 12
+ 19
+ 3
+4
,679 ,762
,620
,777
322
,306
,9)7
,3-7
6 .78
9 83
,870
,008 12 11
,896 13 73
,923 12 11
7 08
962 10 77
4 60
666
86!)
0 64
469 210
,901
Includes the Houston Sc Texas Central and Its subsidiary lines In both
/’Includes Evansville Sc Indiana RR. hi Includes
years,
r/Covers lines directly operated,
r Includes the Chicago & Eastern Illinois in both years.
earnings or Col. Sc South.. Ft. Worth A Denver Citv and all affiliated lines, excepting Trinity &
or Denver Enid Sc Gulf HR.. Pecos System and Santa Fe Prescott Sc Phoenix Rv.
/ Figures prior to
and Indiana Harbor of Indiana.
n Th'*se figures are an approximation only.
Cur'nt
Month! u Summaries.
or
.
Brazos Valley RR. k includes in both years earnings
April 10 1900 are those of the Indiana Illinois & Iowa
[Yol. lxxxiv.
THE CHRONICLE
Latest Gross Earnings by Weeks.
For the first week of January our final statement covers
40 roads and shows 13.68% increase in the aggregate over
the same week last vear.
First week of January.
Increase.
$
'
Week or
Month.
Chicago & Milw
S
Current
Year,
!
j
; '
Decrease.
•
Latest Gross Earnings.
$
Detroit A Mackinac
Duluth Soutii Shore A AtlanticGrand Trunk of Canada
| •
Grand Trunk Western
K
Detroit Grand Hav A Milw. I'
Canada Atlantic
J
80,615'
78,439
20,155
52,430
17,792
20,133
75,375
39,86 !
5
November.
October
142,563
_.
782,635
1 2 1 ,414
1 1 ,258
200,57!)
149,095
265,226
10,204
Total ( to roads)
Net increase (13.08%)
_
.
•)
•> O •>
Havana Electric Ry.
Honolulu Rapid Tr A
Land Co
November.
Houghton Co St Ry.. October
Houston Electric Co
October
Illinois Traction Co.. November.
November.
November.
October
Kan City Ry
November.
December
• November
Lorain Street Ry
September
Madison & IntTrae.. November.
Manila Elec Ry & Ltg
December.
December
> November.
November
..
25,927
8,990
„
..
285
19,501
07,777
03,534
-
I
.
41 ,350
7,810,570 1,111 ,220
1,000,87!'
.
'
Earnings Monthly to Latest Dates.—The tabic fl¬
owing shows the gross and net earnings of STEAM railroads
reported this week. A full detailed statement, including all
roads from which monthly returns can be obtained, is given
i
:
»
N O Ry A Light Co
Niagara St C A Tor..
month in these columns, and thedatest statement of
this kind will be found in the issue of Dec. 22 1906. The
next will appear in the issue of Jan. 26 1907.
once a
dross Darn'as
Ci,
Rn rlous
Current
Year.
Year.
Roads.
&
Ohio b
1 to Dec 31
Baltimore
July
Bellefonte
Jail 1
$
Dec
Dec
..
s
6,720 ,001
41
...
Central, b
to
Dee
...
.771,197
5,197
31
0,450.520
38,610,408
Climb Tel A Tel Co b>
Jan 1 to Dec 31
Dec
_
..
49 1 ,563
5,384,84 l
Grand Trunk or (Ninat a —
Grand Trunk Ry
..Nov 2,919,900
14 ,600,172
July 1 to Nov 3u
.
.
.
4
2,482
1
433,658
,656,422
1 97,-830
1 ,937.137
i
Northwestern Kiev..
Oklahoma Citv Rv
Peekskill Light A RR;
Pitts M’ K A Green_
Portland Ttys Co
Puget Souud Klee Ry
St Joseph (Mot Ry Lt
Heat A Power Co
Savannah Electric Coi
_
_
Schuylkill Ry Co
172,500
j
2.6 13,482
13.3 11 .993
82 3,412
4 ,43 E lO 1
..
.
1 ,679.4 50
.
to
.
.
\tlaniic
July 1
108,523
439.039
137,235
779,125
137,235
671.576
1! i
1 1 5
229,'197
1 91 .740
959.186
190,767
924,591
18.1 10
14.5,02!
Nov
..
.
.
.
Nov
2. 167,08 1
1 1 ,017,581
2.0!) »,9 IS
9,490,729
Nov
26,195
136,117
19.1 55
1 16,510
4,201
4.387
2 1,556
.
_
July 1 to Nov 3o
473,997
2,398 ,990
_
Nov 30
Ncv’jCa! A Oregon.a
510,982
2.610,717
Nov
_.
Kails & Texas, a
July 1 to Nov 30
Mo
—
_
Del Gr I lav A Milw
July 1 to Nov 30
Canada
Nov
.
_
......
1
Nov
.
_
St
.
Line.a
Tol
Peoria
.Tilly 1
...
Seattle Electric Co
•Sout h Side Elevated
August
December
.
87,328
8 1 1
,827
1.50,0 i8
347.848
//t 25.107
//si5.02 7
•
1 ,‘449,936
77 19,829
7588,1 88
;
Western
Marylaml.a ..Nov
437.651
2.29 1,680
July 1 to Nov 30
.
...
230,000
2.1,0 2 .020
280,025
.
..
!
26,212
163,213 !
year.
Interest Charges and Surplus. —The following roads, in
deficit below these charges:
—
tut.. Rentals, Ac.—
Cum nt
Previous
Year.
Year.
$
S
Roads.
Bellefonte
Jail
Central
to Dee
1
Cumb Tel
Jan 1
m
De<
31
A Tel Co
to Dee 31
_Der
_
..
_
300
330
3,960
39,30 1
Mo Kansas A Tex
4 1 5,55!)
Nov
- July
I to Nov 30..
2,056,81 l
Nev Cal A Oregon
Nov
3,392
1 5.967
July 1 to Nov 30..
St Joseph A Gr Island
18.429
103,57!)
July 1 to Nov 30
.Nov
Seaboard Air Line
283,973
1 .393.672
July ! to Nov 30
Tol Peoria A West
24 ,220
D<
144,986
July 1 to Dee 31
>*•'
.
..
.
.
.
..
.
x
After
allowing
.
for
other
§
1 ,337
.882
1 .264
14 ,2 18
34.4 83
320,166
1 58,526
1 .532.4 36
1 38,0] 7
1 .359,28 !
364,14 l
1 ,822,44 1
624 ,633
2.131,1 28
X 15,025
l ,088,988
405,001
.
Ihll. of N t IE nos.—
('urn nt
Pn V i mis
Yi ar.
Yi ar.
S
3.600
_
8
-
Current
Year.
S
Albany A Hudson
'October
flAmeriean Rys Co
j December
cAur Elgin A Chic Ry,November.
Binghamton Ry
1 November.
Birm Ry Lt A Power; November J
Brockton A Ply St Ry iOetober
Burlington <Vt> Trae December
Camden&Trenton Ry September
Cape Breton Elec Co.'October
..
_
..
..
ii
dan.
nri clous
Yt
1
27,763j
234 ,983
96,721;
21 .634
169,383!
8,708
6,882
21,564
24.753
ar.
$
6,479
14,128
21 .555
,
i
,
.054,623
332,000
5 ,220,,685
i
210,484
,552,970
i
,236,644
,571
,
‘
,
i .411 ,927
_
1 13,133
1 68,75 1
i
.692,764
—
...
83 1, ,438
73, ,025
49 ,907
754,954
481,666
517, ,509 •
*
72,727
39,385
60,
.
,
_
,645,653
l .721 ,207
994 ,946
_;
i
579, 2 f > 7
66 1 ,45 2
1* .0 17 ,610
■’89,,25 2
177,,648
329,300
513.235
i ,913,456
,
873,280
-
,
'
*>4, ,586
57, ,336
17.5.,747)
2 6,,766
2 5, 108
60, ,709
120,,179
i 1 » .762
638, ,319
.
,
,
,
252,004
180,236
,
.
Roads.
?
1
80.(515
88 1.200
66.58 4
594,874
Clcv Palnesv A East a.. Dec
Jan 1 to Dee 31
20,1 55
271 .100
19,841
10,206
24 5,089
127.197
A Southwestern.b.Dec
to Dee 31
1
Jan
......
Lake Shore Elec Hy.a
Jan 1 to Dec 31
52.430
G 15.84!)
.
.Dee
...
70,845
8(5(5,070
.
d Nor Ohio Tr A Lt.a_.Dec
Jail 1 to Dee 31
125,418
date
*
—
654,140
20,528
251,641
$
2.479,533
A
Mt
V
a
_
Dec
18,450
Dec 31
273,200
b
Roads.
Chic A Milwaukee FJec—
Jan l to Dee 31
Tnt., Rentals. Ac.—
Previous
$
91 .047
.940,462
7 ,262
8.049
112,165
Clev & Southwestern
Jan 1 to Dee 31
Ry.
Year.
$
—
Dec
Lake Shore Elec Ry
Dec
Jan 1 to Dee 31...
Dec
80.830
3.015
43.169
1 6,9 1 6
179,251
13.955
132,692
102.742
29,546
254,198
20,406
244.850
39.641
471,503
41 ,012
Dec
Previous
Year.
S
t53 1 .605
83,938
7,191
483,174
,447,320
Ral. of Net E'nos.
Current
Year.
$
17,996
Clev Palnesv A Eastern. Dec
Jan 1 to Dee 3t__.
6,799
_
1
to
Dec 3
—
2.89 9
22,990
1 .844
7,037
76,280
11 .394
136,514
1 14.836
18,420
8.543
182,637
48,586
6.620
213.324
42,461
42,800
49,475
510,307
466,230
509,607
Beginning Oct. 1 15)00 includes earnings of Canton-Akron Ry
After allowing for other Income.
Jan
x
48.184
Charges and Surplus.
Current
Year.
(i
'800
Net
Net
Interest
—
31
92 ,275
earnings here given are after deducting taxes,
earnings here given are before deducting tax*.
(I Beginning Oct. 1 1000 includes earnings of panton-Akron
a
254 .573
1
359,080
Wash Alex
Yi ar.
276,883
1 .74 2.625
31 .390
390.712
1 9 ,508
1 29,'943
Previous
Year.
1
66.560
788,268
975.837
latest
2,739,787'
20,992
228,972
17 5,7 4 5
1 .913,456
! ,555
26,135
t 'urn nt
23.536
Toledo Rys A Light.a. .Dec
180.848
Jan 1 to Dee 31
2.047.010
to
9,698
103,820
281 ,993
.(•7.69 2
.(•16.718
1
359 ,323
4 7.540
5 13.226
59,432
696,498
Jan
42.385
47.50 3
5 1 7.8 1 0
129,806
.rl 40,517
J 500 ,476
to
'Year.
s
Chic A Milwaukee Elec..Dec
Jan 1 to Due 31
Clev
The
Net Earnings
Precious
Current
Year
Year.
S
§
Previous
1 .552,970
24,830
215,308
89,415
20.488
14 1.906
7.995
,929,070
560,664
2 ,710,393
225,,447
129, ,806 />i ,7"3,,340
i
.356, ,348
115, 193
•> /
,797
i .515, ,361
135,.158
10,,110
161, 080
10,,125
133, ,199
1 3.,440
198,,131 •
k
l
123, .472
,538 ,828
f) o,,143
21
,267 ,938
•)
400, ,5 95
irn’gs
...
Week or
Monill.
•)
,197 .574
6 15, ,843
3 ,101 ,216
1 ,258, s :> s ’
1 11.70'.)
—
Name of
Road.
93,381
101,422
«»
106,,765
30 ,689
444 .271
82,,895
Current
Year
received.
Latest Gross Earnings.
1 14,080
259,595
4 ,432,531
788,268
7)909, ,080
2 ,193,,089
210 ,488
275 ,409
45 .962
53 ,936
,194,940
191,124
this kind will be found in the issue of Dec. 29 1906.
next will appear in the issue of Feb. 2 1907.
—
—
418,664
*)
reported this week. A full detailed statement', including all
roads from which monthly returns can be obtained, is given
once a month in these columns, and the latest statement of
STREET RAILWAYS AND TRACTION COMPANIES.
-
11 ,512
7 ,563
93.247
28.79 2
21 ,654
.
293,706
134,997
1,703,340
3$d,765
2,726
.(•77.483
12,270
21 ,094
26,903
106 ,5 1 2
185,446
257.903
r2 7,327
1 ,28 1 .'ID 3rd e 13 71 ,906
1 ,99222,985
1 37,078
5,057
income
,560
224,,936
1 51 ,117
186,848
318 •J •> O
190, ,724
480 ,125
n
,710 ,94 5
218, ,947
1 34 ,434
261 ,116
4 ,985 ,364
866, ,970
483, ,6991
108,,20!)
117,,995
Street Railway Net Earnings.—The following table gives
the returns of STREET railway gross and net earnings
going, also report, charges for interest, Ac., with the surplus
or
66
14,976
269.853
147,578
7 5.967
_.
addition to their gross and net earnings given in the fore¬
above
43.835
59.736
!
Net earnings here given are alter deducting taxes,
b Net earnings here given are be Tore deducting taxes.
// For November additional income .and net profits from coal, Ac., were
$5!),S2o this year, against $77,220 last year, and from July 1 to November
against $292,008 last
16
139,582
>-301
|
15,38 2
,
a
30 were §224,587 Giis year,
75,147
223.194
,
..
s
1 16.9 17
689 .28 1
108,437
6 17.968
.
10,409
26,844
466,220
70,845
40,148
13,191
11,021
862,171
262 ,075
173 .896
.
81 1 .070
1 ,4 1 1,391
A West’a. b.Dee
to Dee 3 1
2 1 8 ,258
17 .776
9 ,231
25 ,797
431 ,485
1 ,007 .813
.
17.102
5,498,086
1 .282.554
,4071
•
1,187,0 12
1 ,388,093
6,321 ,615
Nov
..
12,223
1 .457 881
238 337
,505,
,
•
,040,102
1 23,48 1
665 ,432
July 1 to Nov 30
267,296
12,564
144 .322
78,2 10
December
October
November
.
7,58 1,38 1
.
88,327
6 1 J 80
Wk Dec 272
Railway
31,1 16 j Tri-Gity Rv A Lt Co. October
1 4 3,13 1
261,818
r> ,634, ,185
4 .756,301
j Twin (’ity Rapid Tran 1th wk Dee 1 59.37 1
•
(i541 ,008
October
744 .009 1 United RR of S F..
6
6 ,579, A 2 1 '
1 lurrinber
,023,698
2,911,432 | United Ry; of Bait
1'oiled Rvs of St L
8 ,565, ,85 1
7 ,729 .554
7 55 ,5 19
714.,771
November.
10,292 :
Wash Alex A Ml Wr. 1 )eeember
273,,266
18,159
251,641
20,,528
57.74 5 |
Oetob.-r
35.040
2.633 i
1 5,,024
October
26,165.
1 1,431 ;
a Figures for the month in both years include operations of the Scranton.
2-87,8 79 i Rv.,
acquired Jan. 1 1900.
c These figure.; are tor consolidated company.
2.261.572 i (I These are results
for main line,
h These are early preliminary returns:
40,602
decrease due to carthquake, tire and strike among employees, Aug. 20 to
236.45 5 ! Sept. 5 1000.
/; Decrease due to Lewis A Clark Exposition last year.
I Beginning Oct. 1 1900, includes earnings of Canton-Akron Ry. in both
347.6 10
years,
n Figures are for all departments,
p Includes earnings for Dee. 31
1 .77 1.096
| 1900.
24.540
126,275
721 ,57 5
...
.539
4 6 .324
Toronto
b Nov
8 13,439
26,588
19.3.52
51 .251
14,507
12.236
September
106,0 90 ’ Terre Haute T A L Coi (h’toher
818,908
7,703,107
July 1 to Nov 30
Air
32,213
.
29.206
147.101
.
Nov
.
Joseph A Gr Island
Seaboard
.
1 ,704
314
33,019
127,256
93,458'
.
.
Nevada (’em ral b
July I to Nov 30
Phila A Erie. b
Jan 1 to Nov 30
,374;
13,,53-1!
10 ,806
14 1 .709
400,513 : Toledo Hys A Light. I )eeember
Tol Urb A !liter Ry.. October
30,659
Toledo. & Western
September
196,606 j
,
594,874
824,664
245,089
543,226
99 ,696
29 7 7) 4
22,958,
-
November
October
December
November.
November.
November.
November.
..
Grand Trunk Wen
July 1 to Nov 30
5
-
.
88 ,327
12 ,223
1 1 ,637.
33.501
506.534
November.
Syracuse Rap Tr Ry
Tacoma Ry A P Co... September
October
Tampa Electric Co
770.367
.4.145.770
645 .849:
80 ,474
23 .927
60,5)03
120,78.5
November.
November.
November.
October
l December
>
1 .54 1
18,178
1 ,637
5,080
60,633
57,068
,540!
$
537,140
547,232
15 .321
88 ,601
93,142
24,761
241 ,4 7 1
302,895.
5 1,262
Wk Dec 22
.
Nor Ohio Trae A Lt
.VO Earn lays
Perilous
Current
Year.
Year.
$
$
2,322.91 1
2,898,122
14 .943.09 2 14,187.78!)
,584
,704
.841
7)85,300
.
Net
Year.
621 .830
593 .2401
410 .023;
884 ,206!
844 •> ? •>;
271 ,1001
152 .668
29 ,705
20,2 15
,
57,880
9,19 3
3,472
12,032
10,703
dan.
Previous
$
1
66
77
19
47
latest
to
Current
Year
46 ,556
53 ,549
118,324
5,574
99,696
13,554
31,220
180,163
34,630
.
'»
1)0!) ,223
i 0,529
8,880,440
November.
October
December
Wk Jan 13
'
1 3.137
656
$
1
Wayne A Wabash
Valley Traction
14,192
13,046
1 35,520
45.080
1 10,254
23,033
80,40!)
104,237,
September
i
Ft
27). 722
......
October
1st wk Jan
1st wk Jan
1st wk Jan
i
6,171
1 1 .845
613,954
5!) .272
123,300
9 18,1 55
1 34 ,55 1
1 1 ,894 '
178,356
175.022
274,216
10,549
907,103
Minneapolis St Paul A S S M
Wheeling A Lake Erie
4 1 ,887
1 .170
235,992
1
;
.
December
September
Previous
Year.
1
53,913
56,774
39,663
..
75(5,517
.
Mobile A Ohio
National It It of Mexico
Rio Grande Southern
Southern Railway
Texas Central
Toledo Peoria & Western,.
Toledo St Louis A Western..
5 ! 6,705
51 ,600
3,67 5
3,758,538
187,600
85,685
21,303
81 ,546
51 ,709
Detroit, Toledo A Ironton
Gulf A Ship Island
Interoceanie A Mexico
Louisville A Nashville...
Mexican I nternational
Mineral Range
,
j
-
November.
1 November.
October
Elec. December
; December
i December
_
Previously reported (10 roads) J 4,28(5,11(5
23!) ,200
Central of Georgia
!
Chicago Indianap A Louisv
89,3(50
Colorado A Southern (including
Ft Worth A Denver City)
277,879
-
,
Jan.
'
154
430,155
155
THE CHRONICLE
1907.1
Jan. l!)
RESULTS FOR YEARS
ANNUAL REPORTS.
all annual
railroads, street railways and miscellaneous
companies which have been published since Jan. 1. Re¬
ports published during the last half of 1906 may be found by
reference to the general index of the “Chronicle,” pages vii.
to xi., the annual reports being indicated by heavy-faced
Annual
Reports.—The following is an index to
.reports of steam
•
This index does not include reports in
type.
’
1003-04.
48.520,452
241 .681,945
13,527,186
12,680,676
12,301,353
082,720
1,007,658
887.857
1,211,235
1 ,210.426
5.803.561
1,020,568
853,261
5,727,166
820,491
846,542
6,067,663
701,100
822,100
5,016,422
9,306,951
4,220,235
107,427
8.617,653
4,072,023
51,803
8,631,553
3,750.800
45,241
8,250,860
3.600,654
50,857
4,327,662
4,123,916
3,805.041
3,750.511
653,680
654,758
570.226
344,823
358,005
100,202
620,600
517,200
301,322
644,616
573,204
Gross earnings
Operating expenses—
General
Maintenance—
Road and buildings
City of Chic. Brew. A Malting—105 Railway Steel Springs (official
statement)
100
Clallln (H. B.), & Co. (half-yr.)..105
00
llarrlson Bros. & Co
105 Tonopab & Goldlield
Pass
&
Yukon
White
100
Mobile .Jackson A Kan. City
90
Street
Railways—
Page.
Northern Securities
103
'101
100 Boston Elevated
Swift A Co
Boston A Worcester Elec. Co
101
New York
•'
Equipment
Transportation.
Page.
tConcl.)—
Total operated expen.
Net earnings
Interest on deposits
Total Income
Deductions—
Interest on West end debt
Taxes, West End
Taxes, Boston Elevated
Rental of subway
l)ivs. on West End
III vs.
•” Total
were:
Gross earnings
..1
7,580,61o;
$0,108,730
6.483,000
$8,645,374
$6,163,670
-j
t
537.341
6 <4.4 67
$2,321,580
$2,088,380
$1,807.228
47.807
30.716
35,156
$2,360,306
835,872
$2,110,006
808.070
1 70.056
270,507
250.000
$1 .842.384
702,544
172.460
258.463
250.000
(4)440.000
(3)330,000
(3)330,000
$396,646
$200,363
$38,017
.
Operating expenses
.
A renewals.
Additions betterments
Net earnings
Other Income
$0,002,208
.
..
Total income
.
_
bonds, Ac..'
Equipment trust charges
Interest on
Taxes
166,105
280.773
250.000
-
Dividends on 1st
Dividends on 2d
preferred (5%)
preferred
Balance, surplus
—V. 84, p. 52.
1004.
1005.
—
—
—
x
Louis Ry.
$24,504,000 $22,517.703
18,400.100
10,870.345
$22,141,110
$0,188 .XOO
$5,038,418
$0,000,007
308,500
241 ,477
284,217
—
$0,307,300
•1,305.800
$5,870,805
$0,204,214
3,015,378
$2,001,500
400,025
1 .51 1,775
$1 ,870.420
400,025
1 .328.050
$2,378,830
- _
$70,800
$4 1 ,550
$750,200
Cross earnlmrs
.
_.
Net earnings
Other Income
Gross Income
and taxes.
-.
Balance for dividends
Dividends on preferred (5%)
.Dividends on common (4%)
Balance surplus._
—V. 83, p. 1200, 1228.
Boston Elevated
4
.000,400
0,180
37,783
0,180
33,772
9.180
300.000
125,000
ts.
Prnp’ty aoc’ts-.
Stock A bonds
Somerville horse
railroad
Old Colony St. lty.
2.975,207
820.774
708.000
2,032,556
826.055
708.000
53.770
37,085
31.774
28 055
.
1005.
S
013.146
481,566
786,152
1.070,066
208,011
adopted three years ago, $171 ,with the calendar year 1007
and those connected immediately
therewith, amounting In number to nearly 5,300, those in service more than
two years 10 cents a day and tlie others 5 cents a day, the new or extra men
being guaranteed a minimum increase of 25 cents a day.
Elevated extensions.—Work upon the extension of the elevated structure
to Forest Hills lias been prosecuted.
The foundation piers have been built
to Forest Hill's Square.
The structure lias been erected to within about
under the provisions
301.
Moreover, the company, beginning
will Increase the pay of its car service men
-,
1005.J5
725.8851
.
i I’rem’in from sale
102,851
102,851
100,841
of stock A bonds : 2,091,900
2,001.000
635,324
581,545
109,678! Surplus
20.0S7.223I2S,713.233
Total
p.101.
(Report for the Fiscal Year ending Oct. 31 1907.)
President Francis L. Robbins, Jan. 14 1907, writes:
Financial.—The balance sheet shows a
marked Improvement over the
Decrease in first mortgage bonds, certificates
ear trust notes and mortgages—
.
Decrease in accounts and bills payable
line to Belmont Cen.trC, 9.4 miles.*
Wages.—The compensation for learners ($31,383) , guaranteed minimum
wage for now or extra men ($14,032). increased compensation to long-ser¬
vice men ($64,305), pensions ($0,081). and "satisfactory service” money
*
s
$
*
|Common stock.... 13,300.000 13.300.000
7.500.000
7.500.000
16.852.18.3! Funded debt
353.144
438,805
7.733.580! Vouchers A ace’ts.
140,704
160.017
Salaries A wages..
43,968
04.047
Dlv. and coupons.
330.124
330.124
1 Rentals unpaid
146,805
1 18,510
500,000 t
do not due
1.273.243
1 Int.Ataxes not due 1.260,156
26,018
32,507
846.110! 'I'iekets, checks,Ac
1,207.202
481.566 West 10. lease acc’f 1.207,202
628,801
752.100
766,782 j Damage fund
480,000
556.031
386.570 Insurance fund<100,000
600,0(10
208,011! Depreciation fund.
Liabilities—
preceding year.
additions Include a new
of indebtedness.
$351,207
l ,050,741
$1 ,402,038
Less decrease in
Net reduction
450,007
quick assets
$052,031
in Indebtedness
Condition of Property.—I\\e physical condition of our properties, steam¬
boats, barges, coal mines and mine improvements, miners’ houses, coal
harbors, coal elevators and depots, Ac., has been well maintained, and Is
at tills time better than at any time since the organization of the company.
Production.—Our production of coal, for the year shows an increase of
A large proportion' of the Increased produc¬
1,578,674 tons, equal to 31 %.
tion was marketed through our rail department, notwithstanding the usual
and apparently Increasing shortage of railroad ears.
Our individual ears
were found very serviceable, and particularly so in shipping to the Lake
trade.
earnings Increased 22.31% and the net earnings
Earnings.—The gross
increased 132.73%.
Sale of Corona, Ala.,
Properties.—After an experiment of four years It
being far distant from Pittsburgh, could
not be as advantageously operated in connection with our Pittsburgh prop¬
erties as might be desired, and your directors therefore availed themselves
of an opportunity to dispose of the stock of the Corona Company at an in¬
crease over its cost.
(See Corona Coal A Iron Co., V. 72, p. lion; V. 78
p. 1277—Ed.).
*
was
found that these properties,
Ac.. FOR
EARNINGS,
YEARS ENDING OCT. 31..
1906.
g6,500.737
$2,286,336
Less—Maint.Arepairs on river craft- " $387,054
Depreciation on river craft, Ac
310,008
Royalty on coal mined
_
#442,9.32
612,061
interest on bonds, Ac
Taxes accrued
70,881
Coal mined (tons)..
Earnings
//Dividend
on
Total
Net balance
preferred stock
$2,600
—
x 5215,508 used for redemption
coal lands and other property.
Transit Com¬
It Is expected
1005.
1004.
4.062,750
4,158,544
$1.860,152
$377,408
$1,727,767
$307,131
318,147
334,654
644,466
308,871
281 ,174
585,825
104,000
154,000
$1,868,675
$476
$1 .727.001
450,000
$2,283,736
for year..-
$766
of bonds and $227,424 re-invested in
The dividend for 1006 (4.50%) declared this week calls for $450,000,
against 1.94% ($104,000) paid the previous year.
cThe Ohio Valley Coal A Mining Co. also mined 127,300 tons.
V
Contract.—By Chapter 520 of the Acts of 1906, accepted
20 1006, in etTcct a modification of our con¬
of Massachusetts In 1807, the company is
released from Its obligation to build an elevated road in Cambridge between
the Cambridge bridge and Brattle Square, and Is required instead to build a
Modification of
bv the board of directors June
tract with the Commonwealth
BALANCE SHEET OCT. 31.
1005.
1006.
and Massachusetts Avenue to Harvard and Brattle
squares in Cambridge, and an elevated road from Leehmere Square to con¬
nect with its elevated structure on Causeway St. In Boston.
The subway
Cash on
hand
178.318
for
138.077
original plan, and
pureli. of prop..
construction is authorized Cash in bd. sink.fd. 215.021
of 20
from the opening Bds. repureh. from 34,1 10
reinvest, fund..
the Act allows
Aects. A Hills roe.. 2,185,852
the City of Cambridge to purchase this subway, paying cost and Interest at
503.058
Stks.Abds.oth.eor.
7% per year from t he time of opening for use. less dividends.
The Act also
24.512
Def.chgs.aest.opor.
enables the company to build,' under the same terms, conditions and pro¬
1.616.012
visions, subways in River St., Webster Ave. and Cambridge St. In Cam¬ | Coal on hand
82.023
bridge. beginning within four years after the opening for use of the Main I Supplies oh hand,
435,622
St. subway.
Provision is also made for a connection by subway or tunnel j Lumber, Ac..supp.
245,577
to be built bv the Boston Transit Commission, between the Boston end of I Empty coal boats,
the Cambridge bridge and elf her the Parle street or th# Scollay Square sta¬ j Investments
tions of the Boston subway.
This subway or tunnel is to be leased to the
15,453,595
company at an annual rental of 4 7i% for a term of not less than 20 years.
Total
| —V.
84. p. 106.
Traffic.—Total revenue passengers carried for the year, 262,267,240,
Increase over previous year of 15,325,464, or 6.2 %.
•
•
..
s to be built within four years after final approval or the
the elevated within 3 C; years from the time that
to begin.
At anv time after the expiration
years
for use of the Main Street subway, or earlier by agreement,
|
j
Liabilities—
501,756; Preferred stark
! Common stuck
8
8
Assets—
Cash on hand, Ac.
Subway in Main Street
1006.a
i
j
Monongahela River Consolidated Coal & Coke Co.
1 .1 10,012
—
Northern Ry.
BOSTON ELEVATED RY. SEPT. 30.
...29,087.223 28.713,2331
Total
—V. S4.
_
3,288.831
835,085
708,000
500,000
...
„
851,770
708,000
1906.
$
Insur. invextrn’ts.
West End op. aec’ts;
400,025
Railway.
one-half mile from its terminus.
.Vein Tunnel.—Much progress has been made by the Boston
mission In constructing the tunnel under Washington Street,
that this tunnel will be in use in 1008.
1.163,840
0,180
33,1 11
3,475,883
Construct’ n .'equipinent, Ac
1 S, 705,5.86
4.759.088
Cash
Bills and accounts
1,351,916
receivable
Bonds deposited
10,131,113
(Report for Fiscal Year ending Sept. 30 1906.)
President Bancroft, Dec. 31. writes in substance:
Tares.—Besides its ordinary taxes, the company’s contribution to the
public during the last fiscal year amounted to at least $500,402, made up
as follows: Compensation tax for the use of streets, $1 15,087; interest at 4%
on $4,154,074. cost of paving laid by company, $100,100: cost of maintain¬
ing street paving. $150,050; subway rental devoted to sinking fund, $57,017;
removal of snow from sidewalks and roofs (estimated), $10,000; total taxes
assessed on real estate and capital stock, $1,418,480.
Balance of the sub¬
way rental, $143,051, and rental of East Boston tunnel, $40,700.
Grand
total, which Is nearly. 12% of the gross revenue for the year, $1,611,849.
Stock.—Nearly 85% of the stock is held In Massachusetts.
Power.—The company has arranged to increase Its power supply by the
construction of two gas engine plants, supplying in the aggregate 1,675
kilowatts, and by the installation of a turbine generator rated at 2.000 kilo¬
watts.
The company lias also purchased from the Edison Electric Illumi¬
nating Co. and from*other sources about 3.600 kilowatts, making a total
of upward of 7.275 kilowatts—an Increase of about 20%.
Cars.—Forty-live "easy access” elevated cars, making altogether 210. and
150 "easy access" semi-convertible surface ears seating 52 persons each,
have been bought, and a considerable number have already been delivered.
Renewals.
I'nusual attention has been paid to the care of the company’s
surface tracks, $737,354 having been spent thereon In renewals and repairs,
an Increase of $11 1.505 over 1904-05 and of $283,684 over 1903-04.
,!t Is
believed that t he t racks were never before in such excellent condition.
The
($52,590), aggregated,
1 .180.752
BALANCE SHEET
.1
103,214
1,190,248
$16,153 collected from the Boston &
After deducting
plies
loo;
1000.
..
312.043
35,308
Materials and sup-
(.Preliminary Statement for Fiscal Year ending Dec. 31 1906.)
The approximate statement for the year (partly estimated
in 1906) is as follows:
100 i.
First charges
Surplus for year.
501 .762
49,709
Balance
Dividend (6%)
with State.
Cleveland Cincinnati Chicago & St.
Operating expenses.
deductions
730,058
•
107.802
1,100,248
stock
233,563,578
5
11,050,515
103,142
Somerville
Horse Ry
...
Rent. to Old Col. St. Ry.
lilt, on Bos. El. fund, debt
East Boston tunnel rent
(Preliminary Statement for Fiscal Year ending Dec. 31 1906.)
The results for the calendar year 1906 (partly estimated)
.
on
$
106.887
107,206
115,087
#20 1 ,260
Compensation tax.....
Chicago & St. Louis RR.
1906.
1002-03.
47.6S8.487
1004-05.
48.273,622
50,280,786
Revenue miles run
Rev. passengers carried.2 62,267,240 246,041.776
$
$
to-day’s “Chronicle.”
Railroads, Ac.
Page.
Railroads, Ac.—
ENDING SEPT. 30 1906.
1005-06.
00.187: Bonds..
1006.
1005
?
S
10,non.ooo 10.000.000
20,000.000 20.000.000
8,786.000
8.0.31.000
16 1,107 i Bunds
!
subsidiary
companies
888,720
'
■
1,713.8581
debtedness
497,61SJCar trust notes
1,560.000
374.000
285.441
24,0831 Mortgages
2.528,105! Aects. A bills pay. 1.232,031
1,152,538
128,336! Depree’n reserve
436,128j Undivided profits. 2.062,686
281.871! Undiv. profits dtv.
40.608,386!
paid Jan. 1006..
.
47.014.33.81
Total
1.660.000
418.000
.347.738
2,283.671
681.122
1.610.086
104.000
45.453.595 47.014.338
156
THE CHRONICLE
Lawyers Mortgage Co., New York.
(.Report for Year ending Dec. 31 1906.)
outstanding.
Disposition of Stock of American Malt Corporation—$6,000,000
common
$9,000,000 preferred.
Common.
OPERATIONS FOR CALENDAR YEARS.
Guar, mtges. sold
cto
do
paid off
1905.
$
22,959,985
1904.
'
19,922,009
1903.
$
$
16,269,278
7,155,625
5,826,629
40,876,781
28,110,397
17,677,748
234,909
183,025
4,054
166,325
202,382
6,194
110,853
184,296
5,897
74,350
174,01 1
9,202
421,989
374,902
301,047
257,565
6,053
53,788
8,894
2,768
17,095
6,343
46,670
5,462
3,238
31,522
5,954
42,377
4,104
1,394
39,436
5,912
38,221
3,988
35,591
Gross expenses.
Net earnings.
Dividends paid
88,599
333,389
(8)299,000
93,237
281,665
(7) 175,000
93,267
207,780
(6) 150,000
85,794
171,770
(5) 125,000
Balance, surplus
133,389
106,605
57,780
outstand'g
Income from—
Premiums totgjuarantles
Interest on/fflori*“<^res_.
Rent, comfnisslons &c_
Gross
earnings
Expenses—
Rent
Salaries
Advertising
Stationery
Taxes and gen. expenses
590,400
103,000
47,200
of corporation
Plants of American Malting Co., All Owned in Fee
by It.
New York City—-Entire block bounded
by Ave. A, 63d St., East River and
64th St., and malt house thereon.
Budalo—Malt house, corner William and Pratt streets,
formerly owned by
estate of Charles G. Curtiss, 333 ft.
by 128Vs ft.
BulTalo—Malt house and elevators just completed
on Childs St. and Buffalo
River, said property having about 450 ft. of frontage on Buffalo
River
and about 300 ft. on Childs St.,
containing
3H acres.
Syracuse, N. Y.—Malt house in First Ward approximately
and part of Marsh Lot 28
Onondaga Salt Springs Reservation, formerly owned by C. M.
Warner
Malting Co.
Sixteen malt houses and lots therewith, located
severally
as follows:
South Rondout, Ulster Co., N. Y., 300 ft.
by 347'j ft (formerly owned
by Neidlinger & Sons).
Cayuga, N. Y., formerly owned by Neidlinger & Sons.
Erie, Pa., corner 16th St. and Parade St., formerly owned
by estate of
Jacob Wechsler.
Hamilton, Ohio, formerly owned'by Sohngen Malting Co.
on Grand River Ave.,
formerly owned by JIoward-Northwood
Detroit,
Malt Mfg. Co.
|
1900.
.$
1005.
$
Assets—
$
j
Liabilities—
N. Y. City mtges...4,532,6SS 3,084,520
-.2,500,000 2,500,000
j Capital
Co's Bklyn bldg cost
85,000
85,000 Surplus
1,750,000 1,500,000
371 B’dway, at cost174,410 Undivided profits...
28,181
144,203
Cash
209,417
204,320! Mtgs. sold.not deliv’d 548,924
I Unfinished contracts,
|
371 Broadway.
Chicago.—In Elston Addition, property formerly owned by John
Carden,
Jr.
In Cook
In
In
^
(The) H. B.
Claflin
Company (New York.)
(Report for the Season Ending Dec. 31 1906.)
President John Claflin says:
Our net profits for the six
the corresponding period in
months were $400,1 10, against
$503,494 for
1005.
For-the year 1000 net profits were
$701,377, as against $821,428 for the year 1005.
There was earned for
common stock In the spring of 1900
5.49% and in the fall 0.07%; total
for year 1900, 12.46%.
The outlook' for the spring of 1007 is
excellent.
INCOME
ACCOUNT
C Months to
Dec. 31 —
1906
1905
HALF-YEAR ENDING
Net
earn'gs.
$409,1 18
-Interest
Pref. Stock
$142,126
A
DEC.
31
$ 153,164
153,164
153,164
1904
320.937
315,852
312,185
142,126
(4)
142,126
153,164
153,164
(4)
153,164
142,126
(-1)
(4)
(3)
(3)
153,164
153,164
114,873
114,873
1898
1897
640,81!)
...
.
......
142,126
285,297
301,339
.
..
INCOME
1906
1905
1904
1903
1902
1901
1900
1899
1898
1897
347,457
142,125
142,125
ACCOUNT
YEAR ENDING
$761,377
$: 184,252
821 ,427
184,252
184.252
184,252
184,252
284,252
184,252
284,252
284,252
284,252
631,697
619,847
629,563
650,555
914,354
...
__
1,247,851
510,944
Balance,
surplus.
$113,829
208,204
25,647
20,563
Com. stock.
(4)
(4)
(4)
(4)
1903
1902
1901
1900
1899
.
DEC.
16,895
52,167
6,755
345,529
28,299
44,341
31.
(8)
(8)
$306,328
306,328
(8)
306,328
(8)
306,328
(8)
306,328
(8)
306,328
(8)
306,328
(7 H 1287.152
(6)
229,746
(6)
229,746
$170,797
230,847
41,117
29,269
38,983
59,975
323.774
676,447
12,547
dcf. 3,055
-
BALANCE SHEET DEC. 31.
!
1905.
1
1906.
Assets—
S
1 Liabilities—
S
Cash
2,352,674
1,930,2 181 Capital stock
..T9.000,000
Dividends
171.332
171.3321 Open accounts-.
5.912.408
Bills receivable
2.503,119
1,900,OSS| Foreign oxch., &c.
297,733
Open accounts
2,24.8,774
1,583.9931 Surplus reserve. --1/1.590.260
Merchandise
7.125.881
7.093,691 j 1 Profits iduring the
Store property2.739,182 2,739.1S2|
fall
409,118
Stable
27,197
27.197 I
Horses, trucks, &c
41,360
27.422
1906.
$
-.
—
..
1000.
Dividends —
142,126
142,126
142,126
...
--
1905.
S
9,000,000
4,282,595
361.949
Total
American Malt Corporation.
(Official Statement of Dec. 29 1906.)
Exchange
the company’s shares (V. 84, p. 104)
The corporation was organized under the laws of
New Jersey on March 31
1906.
with an authorized capital stock of
$15,000,000 in shares of
$100 each, all of which has been Issued.
Of said stock $9,000,000 Is
cumulative preferred stock, entitled to receive from
the surplus or net
profits arising from the business of the corporation dividends at the
rate
of, but not exceeding, 4% per annum, from
April 1 1006 until Oct. 1 1906,
and at the rate of, but not exceeding, 6%
per annum from and after Oct. 1
1906, when declared by the board of directors.
The holders of the $6,000,000 common stock are entitled to receive all
moneys appropriated to
dividends after the payment of dividends as aforesaid on
the preferred
stock.
In case of liquidation tlie holders of the
preferred stock are entitled
to the par amount of their shares and the
unpaid dividends accrued thereon,
and the holders.of the common stock to the
remaining assets.
The corporation Is a holding company, organized to
acquire the stock
of American Malting Co. pursuant to a
plan, dated July 6 1005 (V. 81.
p. 266, 1043).
Stockholders of American Malting Co.
their
stock under said plan received in exchange for each $100 depositing
of old preferred
stock $62 new preferred stock, and In exchange for each
$100 of old common
stock
$44 new common stock.
At this date (Dec. 29 1006) there
have
been surrendered under said plan $13,473,100 of
preferred stock and
& Grain Co.
In Twelfth Ward, property
formerly owned by Hansen Hop &
Malt Co.
Watertown, Wis.— In First Ward, property formerly owned
by William
Buckheit Malting Co.
American Malting Co.- has outstanding $3,714,009 first
mortgage 6%
gold bonds due Dee. 1 1914 out of a total issue of $5,000,000
authorized
under mortgage dated November 20 1899, of which
$280,000 have been re¬
deemed by the sinking fund, and $1,000,000 have
never been issued.
(Compare V'. 69, p. 956, 1013. 1195.1
A sum equal to one-half of the
aggregate amount of any dividend
declared by the company
upon its
preferred stock and any sums received oil the release of
property from
the mortgage shall be paid to the
sinking fund for the redemption of these
bonds by call at 105 and interest, if not
purchasable at that price or less.
BALANCE SHEET AMERICAN MALT CORPORATION
DEC. 28 1906Assets.
1
Liabilities.
Cash
35 | Common stock
..$6,000,990
American Mailing Co.—
j Preferred stock
9,999,999
Pref. stock (par $13,Accounts payable
21,999
473,100)
8,3 53,322 ,
Common stock (par $11.925,600)
5,247.264
Am. Malt Corp., in trust—
Pref.
stock
(par $1,014,100)
646,678 j
Common stock (par, $1 ,577,400)
751,73 6
..
....
Organization
expenses
...
J
2 1 ,965 |
Total
$15,021,090!
Total
$15,021,990
(The income account and balance sheet of the American
Malting Co. aa
furnished to the exchange are those shown in the last
annual report, V. 83,
p. 1097.)
Principal office, 15 Exchange Place, Jersey City, N. J. Transfer
agent
for stock, The Standard Trust Co.. 25 Broad
St., New York.
Registrar of
stock, Guaranty Trust Co., 30 Nassau St.. New York.
The
annual
meeting
is held on the first
Tuesday of April in caeii year.
Directors—Term expiring April 1907:
Benjamin
Charles A,
Stadler, A. Murray Young; Term expiring April 1908: Treacy,
Marion J. Verdery.
Wilberforce Sully, Michael Coleman: Term
expiring April 1909: T. H.
McFarland, John G. Jenkins, Louis L. Stanton
President,
Treacy: Vice-President, Seymour Scott; Secretary, Edward C.Benjamin
Palmer;
Treasurer, Frank Jenkins.—V. 84, p. 104.
..
The report says in substance:
15,473,124
Includes first preferred stock, $2,600,300; second
preferred stock, $2,570,600;
common stock. $3,829,100.
y After providing for interest on preferred stocks to Dec. 31 and
dividend on com¬
mon stock to be declared In
January, payable Jan. 15 1907.
“Total dividends to
date, $9.326.257.”—V. 84. p 105.
The statement made to the New York Stock
.
Realty Associates, Brooklyn, N. Y.
(Report for Fiscal Year ending Oct. ol 1906.)
The company
x
upon the listing of
says in substance:
formerly owned by \\ II. Purcell Co.
Kensington Branch, formerly owned by W. H. Purcell Co.
Milwaukee—On South Water St., property formerly owned
by KrausMerkel Malting Co.
In Fifth Ward, property
formerly owned by Milwaukee Malt
503,494
|
17.209,519 15,473,1241 I
On Larabee St., property
1.325.087
1
Total
Carden.
Total
.4,827,105 4.14S.2G3
There are 4,100 guaranteed loans
outstanding (see ’•operations” above)
the average loan In Manhattan
amounting to $28,840. in Brooklyn to $5,770 and In The Bronx to $11,507.—V,
83, p. 210.
formerly owned by
Chicago Grain Company’s Addition property formerly
owned by Fred. F. Bullen Malting Co.
Elston Addition, property
formerly owned by Hales & Cur¬
tis Malting Co.
Elston Addition, property
formerly owned by David H.
;
4.148,2(531
4,827,105
and Anderson’s Sub-division,
Bullen & Guild & Co.
Brand,
In
4,000
t
Total
2.607,300
The stock of American Malting Co.:
now outstanding will be
received
on the basis hereinbefore
mentioned, or upon such terms as may be
agreed
“to Feb. 1 1907 unless further extended
by order of this board.’’
American Malting Co. continues as heretofore to
engage
in
the
business
of manufacturing and
selling malt and its by-products in the States ol
New York, Pennsylvania,
Illinois, Ohio, Michigan, Wisconsin, and
generally
throughout the United States.
~
BALANCE SHEET DEC. 31.
1005.
S
648,700
1,000
Issued to trustee and available for
corporate purposes
2,081
46,770
Note.—In addition to the cash
earnings are the unearned premiums,
which consist of the company’s contract
profit of H of 1% per annum on
outstanding mortgages from the date of tiie annual statement
to the ma¬
turity of the mortgages.
These unearned premiums which, as future
profits
are not carried as assets, have Increased as
follows:
Jan. 1 1003, $103,555;
Jan.'-l 1904, $140,257; Jan. 1 1005,
$279,048; Jan. 1 1000, $440,200; Jan. 1
1907, $591,508; total net Increase since Jan. 1
1003, $487,953.
1900.
Preferred.
$5,746,100
Malting Co., outstanding
Issued to incorporators for cash
9,014,014
3,350,514
Dec. 31. 54,454,150
do
cm
Issued for stock American Malting
Co
.$3,117,100
Issued for stock American
Malting Co., but still to
be exchanged for deposit receipts
2,130,200
Trusteed, available for exchange for stock of Ameri¬
can
9,381,716
..
LXXX1V,
$11,925,600 of common stock of said American
Malting Co., out of a total
of $14,440,000 preferred stock and
$13,400,000 common stock Issued and
The report of President Richard M. Hurd for the late
fiscal year is published in the
advertising pages of to-day’s
“Chronicle.” The report shows:
1906.
$
[VOL.
has bought during the year properties costing $1,513,588,
comprising 81 dwellings, 15 fiat buildings, 20 store ami
flat.buildings, 7
1 stable, 8 unimproved plots; and lias made sales
of properties
amounting to $2,335,196, namely, 148 dwellings, 31 flat
buildings,
04 store
and flat buildings, 9 stores, 6
unimproved plots. The company has not.
however, materially reduced Its total real estate holdings.
The cash In¬
vested in real estate
stores,
x
Is about the same as the cash so Invested
one year ago.
The properties purchased have been diversified In
character and mainly In
tiie older sections of Brooklyn, as heretofore.
All the acreage heretofore
purchased was developed and lots sold to such an extent that the success
of the operations was assured, arid the
company has during tiie year made
two additional Investments in
acreage aggregating about $250,000, the lo¬
calities being near at hand and such as to warrant
immediate development
and occupation.
The holdings now consist of 471
dwellings, 79 flat buildings, 110 store and
flat buildings, 37 stores, 7 stables, 27
unimproved plots.
The company
has invested during the year $330,000 in
mortgages, and the total mort¬
gage investments are now $607,447, exclusive of
purchase money mortgages.
Purchase money and other second mortgages are carried at
90% of their
face value, 10% being carried In a fund, to
provide against possible losses.
During the year $92,723 has been added to this reserve account, which rep¬
resents deferred profits which we do not wish to
count until realized
The company lias taken advantage of the
opportunity to eo-operate with
tlie Title Guaranty & Trust Co. In the
making and selling of large mortgage
loans on tracts of land or large building
operations which seemed sound
enough to justify It.
The mortgages are made to the Title Guraantv &
Trust Co. as trustee, and the Realty Associates
buys the bonds and sells
them, with payment guaranteed, at a lower rate of interest, making the
difference without outlay of capital, success
depending upon the credit of
the company and the limiting of the operations
to properties which have
been investigated by the buying committee in tiie
same careful manner
as are the purchases of the
company.
Bonds of this character and mort¬
gages aggregating $1,156.000 have been guaranteed by the
company.
The
amount of such guaranties that the
company may enter Into has been lim¬
ited by the directors to $5,000,000.
The net Income from rents and Interest for the fiscal
year, after paying all
expenses and taxes together with the profits on sales, amounts to $653,655.
JAN. 19
THE CHRONICLE.
1907.]
YEAH ENDING OCT. 81.
STATEMENT FOB
1906.
$
532,422
90,706
538,002
22,459
487,930
55,826
463,429
49,078
$
467,719
43,328
90,428
14,894
1,183,589
1,056,263
616,368
224,409
130,785
60,809
(8)319,973
113,931
211,987
106,035
52,221
(6)222,328
103,925
199,211
108,096
38,541
(5) 150,000
25,791
849,907
333,682
696,495
359,767
521,639
94,729
Receipts from rents
Interest on bonds and mortgages
Profits on sales of real estate
Dividends, commissions, &c.
._
receipts
Total
1904.
1905.
$
Deduct—
!'•
Real estate expense, less charged to
(*• capital for betterments
Int. on bonds & morts. payable
General expense
Dividends (see note below)
reserved for profit-sharers
Amt.
Total deductions
Balance, surplus for year.
Note.—The dividends for the year 1905-00 include two semi-annual dis¬
tributions of 3% each and an extra 2% paid Oct. 15. (V. 83, p. 707.)
BALANCE SHEET OCT. 31.
1900.
1905. r\
1906.
1905.
S
$
-S
$
Assets—
| Liabilities—
60,316
24.320! Capital stock
Cash
4,000,000 4 .000,000
.344.075
,545,019
Realest. (at cost)...6
6.S00.159j Mortgages payable.-3,383,900 3
20,000
Mortgages
1 ,439,913 1,123,271 Notes payable
Accr’d exp. (est.)
83,455
57,238
63.55S
Loans on collateral..
21,835
148,927 Sundry accounts
37.1 >241
Stocks and bonds— 3S6.197
72,904 Reserved for profitReal estate contracts 124,536
sharers
3,081
113,931
103,925
Tools, llxt’s & supp’s
4,1571
800
3,4221 Def. profs, to sec. M’s 102,241
Due from tenants—
36,999
291”, 4 42
25,1791 Undivided profits
Int. due and accr’d..
25,124
20,806
23,147 Surplus
400,000
Tax., &c.. p’d in adv.
il ,000,000
13,029
18,796
Sundry accounts
Total liabilities
8,725,978 8,238,515]
Total assets
S.725.97S 8.23S.515
Surplus Oct. 31 1905, $400,000; add surplus for 1905-06, as above, $333,6S2,
and $266,318 from “undivided profits; total, $1,000,000.
Directors—Frank, Bailey, Henry Batterman, Charles S. Brown, Andrew
D. Baird, Charles R. Henderson, John D. Hicks, Martin Joost, Augustus I).
Jullliard, Clarence H. Kelsey, James McMahon, Alexander E. Orr,. Charles
A. Peabody, Clifford S. Kelsey, Frederick Hotter, Douglas Robinson, Ellis
D.'Willlams.
Officers—John D. Hicks, President; Frank Bailey, Vice-President; Clif¬
ford S. Kelsey, 2d Vice-Pres.; Henry A. Frey, Trcas.; Robert Wlieelan,
Secy.
Office, 176 Remseti Street, Brooklyn.—V. 83, p. 767.
x
American
Graphophone Company.
{Report for Fiscal Year ending Sept. 30 1900.)
comparative statements of income account and bal¬
The
ance sheet follow:
Net from operations
Miscellaneous
)
Total earnings
Deduct—
Interest on debentures
._
...
.
_
_
•
-
.
-
-
..
Total
_
-
surplus..
1906.
S
1905.
8
■
**
1,750.644
114
Stock not issued
Plant.**
403,000
$16,396
6,000
13,607
32.409
77.169
$9,065
$4,722
21 ,4 1 6
14 .048
28,698
117,7 3 6
6,000
64,266
50.649
117,210
(4)54.067
160,000
51 .221
32,741
92,346
(2)24,03 1
280,000
729,481
$1,027,754
$729,481
to all
$1 ,221,514
!
•
1906.
1905.
8
.8
’.497,650 1.802,000
2,095.430 2,047,890
Mortgage on factory
estate
100,000
100,000
126,200
113,200
395.96S
1 S3.300
284.900
898,306
868.S26
..
yet due, and
bills
payable
Reserved
"■
for
elation,&c
Surplus
r?
6,432.786
Total
Total
depre110,636
188,216
1,221,514 1,027,752
7,629.004 6.432.786
282.
GENERAL
dividends thereafter paid.
Payment of Maturing Bonds.—The $000,000 Des Moines
Minneapolis RR. first mortgage 7% bonds and the $430,000 Milwaukee Lake Shore <C Western Ry. 20-year deben¬
tures maturing Feb. 1 1907 will
be paid, when due, upon
presentation at the office of the Treasurer of the Chicago &
North Western Railway Co., 52 Wall St., New York.—V.
84, p. 50.
Chicago Rock Island & Pacific Railway Co.—Application
to List.—The New York Stock Exchange has been requested
to list $10,000,000 additional first refunding mortgage 4%
bonds of 1934, making the total listed $54,342,000.
See V.
84, p. 101.
A
Cleveland Electric Ry.—N egotiations for Settlement.—On
Jan. 11 President Andrews and the Municipal Traction Co.,
with the
approval of the City Council, agreed to
an
“oper¬
ating armistice” to continue for 30 days.
INVESTMENT NEWS.
RAILROADS, INCLUDING STREET ROADS.
Bangor & Aroostook RR.—Construction of Extension In¬
definite.—Referring to the authority recently obtained from
the State Railroad Commission of Maine, to build a 145-mile
extension from Seboeis northerly to the St. John River at
oi\near Connors, President F. W. Cram writes:
It Is expected that practically all of the open season of 1907 will be re¬
Nothing can now be said
quired for exploration, surveys and estimates.
about financing.
The route covered by the charter is all through timber
without even a carriage road.
It Is, I think, to be assumed that construc¬
tion progress will depend largely upon the aid of those whose lands are to
be appreciated In value, and upon the assurances of manufacturing devel¬
opment upon advent of the road.
There are no alliances with any oilier railroad company or companies,
none
equal to 25% of their respective holdings, to $24,of the new common stock authorized by the
shareholders on
Oct. 18
The proceeds will be
1900.
used by tlie company “for the purpose of constructing, im¬
proving and equipping its railway,” including, it is supposed,
at least a portion of the cost (about $20,000,000) of the new
passenger terminals at Chicago. (V. S3, p. 1037, 890.)
The right to subscribe to the new stock will terminate with
March 10 1907, on or before which last-mentioned day pay¬
ments for all amounts subscribed shall be made.
Certificates
of stock for the amounts so paid will be issued and dated on
March 18 1907, for all full shares, which stock shall be entitled
$505,371
$298,272
real
amounts
$522,847
$207,078
522,103
$648,506
$193,760
1 ,027,754
Liabilities—
Common stock
1,341,042 Preferred stock
144
1.572.4201
the board of directors on Jan. 15 voted to offer to sharehold¬
of record Feb. 2 1907 the right to subscribe at par Jin
$729,925
.
and
the^collateral for the new^notes.—V.JS3, p. 1523.•
Chicago &JKorth "WesternJly.—Option Jo^Subscribe to^New
Stock.—As announced by advertisement on another page,
$803,643
.
*
of
$842,266
convt.
Into
229,026
220,055 Debs,
Raw material..
Goods In process of
pref. stock
convt.
into
manufacture
418,074
271,577 Debs,
com. stock
Goods completed... 1,294,021 1,210,915
24.877 Coup, notes convert.
Other assets
Into pref. stock
808.334
Acc’ts & bills rcceiv 1.027,980
352.70! Current ace'ts, accrd.
Cash
1 228.012
Stocks other co’s..
630,718]
mt. and taxes not
j 694,740
p.
Chicago & Alton RR.—Notes Sold.—Kuhn, Loeb A Co.
arranged to purchase an issue of $0,000,000 of 5-year
5% notes, to be secured by deposit of $8,000,000 of the 3%
bonds of 1899.
Of the issue, $5,250,000 will be reserved^to
retire the $5,000,000 notes due July 1907, the $7,000,000Jkof
3% notes to be released on payment of the latter to form part
ers
BALANCE SHEET SEPT. 30.
-V/.82.
_
have
1903-04,
$698,360
31,565
(5) 102,843
190,000
Surplus for year
Surplus at end of previous year
.
...
1904-05.
145,893
Dividend on common stock..
Reserved for depreciation
-
^
$803,643/
l
64,189
Depreciation, <!te
Dividend on preferred stock (7%)—
good-will, &c
was
To be delivered upon the order of the President and Treasurer
of the company to pay certain Indebtedness incurred prior to
the consolidation by the Lake Erie Electric Traction Co.,
Erie Rapid Transit Co. and Buffalo Dunkirk & Western RR.,
3all of which has been assumed by the company; also for improv¬
ing, extending .and equipping the company’s property
$4,500,000
Retained by the trustee to provide for future extensions, addi¬
tions and improvements under restrictions In mortgage
2.500,000
Reserved for extensions or improvements, but issuable only
^
under stringent provisions when the earnings of the property
covered by the mortgage Ineluding the property for which the
additional bonds are issued, have been at least $100,000 In
excess of all operating expenses and fixed charges for the pre¬
ceding twelve months, including the interest on the bonds then
to be Issued
2,900,000
Reserved to retire the following- underlying bonds:
Elec¬
tric Motor Co. $148,000 1st mortgage 6s, $102,000 2nd mort¬
gage 6s and $1,000,000 1st refunding mortgage 5s; Hamburg
Railway $750,000 1st mortgage gold 4s dated Nov. 1 1906.
(compare V. 83, p. 1524), of which $650,000 are outstanding
and the remainder are to be Issued; Dunkirk & Fredonia RR.
$10,000 1st mortgage 5s. $21,000 2nd mortgage 5s and $39,000
consolidated and refunding mortgage 5s
2 100,000
—V. 83, p. 1410.
190 5-06.
..
Interest on factory mortgage
Interest on coupon notes
Interest on loans & bills payable
Assets—
Patents,
franchises
Transit
capital stock
$842,2 66
j
._
Total
Company. By these transactions the
increased first from $4,070,000 to $4,420,000 and then to $0,750,000, $2,500,000 of this last amount
being preferred. The consolidation has now been completed.
The company will construct and operate a trolley line from
Buffalo, N. Y., to Erie, Pa. Joseph B. Mayer of New York
is President.
Parker, Hatch & Sheehan of this city had
charge of the consolidation.
y x|
Mortgage.—A “first and refunding mortgage” has been
made to the New York Trust Co., as trustee, to secure $12,000,000 30-year 5% gold bonds dated Nov. 1 190G and due
Nov. 1 1930, but subject to call on the first day of any£May
or Nov. on or before Nov. 1 1911 at 105 and interest, and
thereafter at 110.
These bonds are issuable only as follows:
Rapid
>
EARNINGS, EXPENSES AND CHARGES.
Maintenance
157
have been even discussed.—V. 84. p. 50.
During tills time the Forest City Ry. Is to do no further work In extending
its system and Is not to Interfere with the operation of the Cleveland Electric
lines east of the Public Square, or on Erie Street, Central Avenue and
Quincy Street.
See V. 84, p. 101.
Meantime, also, the Injunction granted
by Judge Phillips preventing the Municipal Traction Co. from operating
Its cars over the Cleveland Electric tracks from Fulton Road to and around
the Public Square Is to be suspended.
Compare V. 83. p. 1469.
Both
sides have united In a statement that It Is hoped to reach “a general agree¬
ment which shall settle the entire street railway question on terms which
shall be satisfactory to the public and all other Interests.”
Mayor Johnson
favors the lease of the Cleveland Electric lines by a holding company at a
rental of 6% on the stock, the latter to be re-adjusted In accordance with
an
appraised valuation of the physical properties and the unexpired fran¬
chises, the fares to be fixed at 3 cents, with a proviso that In the event
of default In the rental the Cleveland Electric Ry. Is to be entitled to a
renewal of the franchises sought by It without being committed to a 3-cent
fare.
The Municipal Traction Co. has made a formal offer to the City
Connell to operate the Cleveland Electric lines on substantially the lines
stated by Mayor Johnson.—V. 84, p. 101.
Cleveland & Southwestern
calendar year 1900:
Year—-
Gross.
Traction
Net.
Co.—Report.-—For
Int. A Taxes.
Bal., Sur.
$281,993
$179,252
$102,742
$645,850
Bay of Quinte Railway.—Called Bonds.—Fifty bonds se¬ 1906
543,227
228,973
152,693
76,280
cured by mortgage dated Jan. 2 1902 have been called for 1905
—V. 83, p. 1228, 1037.
redemption at 105 and interest on Feb. 20 at the Bank of
Columbus (O.) Railway & Light Co.—Bonds of Subsidiary.
Montreal in Toronto or at its agency in New York, at hold¬
—At
the annual meeting of the Columbus Ry. on Jan. 10, the
ers’ option.
See V. 74, p. 150.
Buffalo & Lake Erie Traction Co.—Final Merger Com¬ stockholders, it is stated, authorized the mortgage trustee
to turn over $105,000 bonds to the Columbus Railway &
pleted.—This new company, recently formed by consolida¬
tion of the Buffalo Dunkirk & Western RR., the Lake Erie Light Co. as per terms of lease.—V. 84, p. 51.
Dallas (Tex.) Consolidated Electric Street Ry.—Proposed
Electric Traction Co. and the Dunkirk & Fredonia RR.r
on Dec. 24 consolidated with the Hamburg R/l
Merger.—This
company announces by advertisement its in¬
(V. 83,
p. 1524), and on Dec. 29 again consolidated with the Erie tention to apply to the Thirtieth Legislature of Texas for a
158
THE CHRONICLE
special law authorizing it to consolidate with the Rapid
Transit Railway Co. and the Metropolitan Street Ry. Co.,
and permitting it to purchase the properties, stocks, rights,
privileges and franchises of said companies.—V. 75, p. 793.
line, it is understood, has been completed from Fort
Dodge Junction to Harcourt, Iowa, 2% miles, and from Des
Moines Junction to Des Moines, 21 miles, and is
being ex¬
tended from Harcourt to Fort Dodge, 21 miles, and from
Kelley to Ames, 7 miles. J. G. White & Co. have the entire
contract for electrical equipment, including
power-houses.
Mortgage.—The capital stock was increased last spring to
$1,000,000 and a mortgage was made July 3 1906 (but for
purposes of reference in the bonds dated April 2 1906) to
the Old Colony Trust Co. of Boston, trustee, to secure
an
issue of first mortgage 434% gold'bonds of $1,000
each,
dated April 2 1906.
new
Dallas (Tex.) Electric Corporation.—Merger of Subsid¬
iaries.—See Dallas Consolidated Electric Street Ry. above.—
V. 83, p. 323.
Delaware & Hudson Co.—Xcw
| VOL. LXXXIV,
Equipment.—The technical
papers announce that this company has within the past three
or four weeks
placed orders for a large number of steel underframe cars, viz., 1,500 box cars, 1,500 hopper cars, 1,000 flat
cars, also for its new subsidiary, the Quebec Montreal &
Southern, 1,400 box cars and 100 stock cars.—V. 84, p. 51.
Duluth Rainy Lake & Winnipeg Ry.—Bonds Offered.—
Eversz <fc Co., Chicago, and 37 Pine St., New York, are
offering $200,000 first mortgage 5% gold bonds, dated
Jan. 1 1900, due Jan. 1 1910, but subject to call at 105 aixl
interest on Jan. I 1911 or any subsequent interest date prior
to maturity.
Interest payable Jan. 1 and July 1 at the
Chase National Bank, New York, or at office of trustee,
Illinois Trust & Savings Bank, Chicago.
The above bonds
are the unsold
portion of a total authorized issue, now all
outstanding, of $2,000,000, which are a first and only lien
at $20,000 per mile of main line
mileage, “against an actual
cash cost of over $30,000 per mile."
A circular says:
These bonds will mature April 1 1931, but are subject to call as an
entire
issue on any Interest date at 105 and interest.
Interest payable Oct. 1 ami
April 1.
The bonds are issuable as follows:
Immediately, or from time to time, upon receipt of certified reso¬
lutions of the board of directors calling for same
$2,150,000
From time to time for additional terminals
upon similar order
anil under other restrictions
300,000
For coal lands or properties, or stock in
corporations owning the
same, under restrictions stated in the mortgage
,750,000
For the acquisition or construction,
equipment or improvement
of extensions of or additions to the
system, in accordance with
.the provisions of the mortgage, but to an amount not exceed¬
ing $25,000 per mile of such new line and extension
$25,000 per m.
The company acquired the Fort Dodge Street Ry. and the Ames &
College
Ry. from the Northwestern Construction Co., which In turn acquired the
former from the Fort Dodge Light & Power Co. by deed dated Feb. 10
1906.
^
The President, Homer Luring, is also President of the
Newton Sc North Western RR.
Frederick A. Farrar of
Boston, Vice-President and Treasurer of the last-named
company, is a member of the firm of H. W. Poor A Co.
The company, upon the completion of its extension, shortly after Jan. 1
1907 will own and operate loo miles of main line and 00 miles of branches,
Frontier Electric
spurs and sidings, with ample terminals and equipment, forming with con¬
Y.—Xcw
nections the shortest route between Duluth and Winnipeg—shorter than
International Traction Co.—-This company,
now
at
any
existing by nearly .so miles.
The road extends from Virginia,
Minn., northwest to the Canadian boundary at Rainier, where it connects
was on
26 authorized
with the main line of the Canadian Northern Ry.
At the southern terminus
Railroad Commission to increase its
it connects with the Duluth Missabe <k Northern and Duluth & Iron Range
000 to
railroads.
and to make a mortgage to secure
The road runs through the largest body of standing white pine probably
000 bonds.
The company
a
in existence In the United States, amounting to about 3,000,000,000 feet.
This timber is being cut and manufactured into lumber on a large scale,
is controlled
requiring transportation.
It is expected that there also will be a large
tion Co. of Buffalo.
movement of grain from Canada to Duluth over this road, for
European ;
export, and a considerable movement of coal and merchandise from Duluth
to Winnipeg and the surrounding country.
We believe that the property
was
as
will earn many times the fixed charges-.
'Pile Frontier Electric Railway Co. has been organized as n
The earnings for the eleven months ending Nov. 30 1906, with only 38 j
subsidiary
company of the International Railway Co., which will own all of its stock.
miles of main line in full operation, were as follows:
Tlie new company will construct a modern
11 mas.
dross.
Xct.
high-speed, double-track
Bondin'..
BaL.sur.
electric railway, mainly on its own right-of-way, from -.Buffalo to the en¬
1905-06
$310,111
$128,384
$55,000
$73,38 4
trance of the new bridge, for which charters have
1904-05
183,880
already been obtained
72.193
11,250
31,2 13
from Hie State of New York and the Dominion of
Canada, and which will
For tile sinking fund two thirds of net earnings must be set aside annually
be built over the Niagara River, the American
approach of which will be
after July 1 1909 for the purchase of bonds In the open market or their re¬
at the foot of Niagara St. in
Niagara Falls. N. V.
it Is proposed to doubledemption at the call price, 105 and interest, after July 1 1911.
track tiie existing line between
Lockport
and
Tonawandu.
not only to take
Interest on the bonds is guaranteed (and it is understood the entire
care of tlie ever-inereasing traffic from
Lockport to Bulfalo and Niagara
capital stock is.owned. — Ed.) by the Virginia & Rainy Lake Co., one of the
Falls, but also to provide for the very large increase in traffic which will
largest and most profitable corporations in .Minnesota.
Paid-up capital,
immediately follow the completion of the electric railway now being con¬
$3,090,000.
Net assets over and above liabilities, nearly $10,000,000.
structed between Rochester, Broekport, Medina, Albion,
Middleport and
—V. 83. p. 323.
Ry., Buffalo, N.
Subsidiary for
incorporated
Dec.
by the State
capital stock from $300,$2,000,is subsidiary of the International
by the International Trac¬
Albany last August,
$1,500,000
Railway Co., which
Henry J. Bierce, Ellicott Square, Bn sident of International
Ry. Co.,
recently.quoted
saying:
.
_
.
...
Lockport.
The
Erie RR.—Dissolution of Syndicate.—The
syndicate that
underwrote the convertible bond -issue of $12,000,000
new railway .company will also make connection
at the new bridge
Niagara Falls wit h the fast electric railroad owned by the MaekenzicMann-Nicholls syndicate running from Toronto through Hamilton to Niag¬
ara Falls, the
rights-of-way for which have been acquired and the contracts
at
(V. 81. p. 1100, 1(310) lias been dissolved, some three-fourths
of the bonds, it is said, remaining on hand for distribution.
0&Vew Equipment.—This company is reported to have placed
an
order for 2,000 gondola cars with the Standard Steel
Car Co. and 1 ,000 gondola ears with the Pressed Steel Car
Co.
This company has. also just issued specifications fori
3,000 box
|
I
—
consideration, it is said,
$000.000
common
stock and $400,-
000 bonds.
The Evansville Electric Railway was also ac¬
Those interested in the new company are said to in¬
clude the following..some of whom nre identified with the
trolley operations of the United (las Improvement Co. (com¬
pare Northern Indiana Ry. below):
quired.
Hugh ,J. Mfdmvan. James and diaries Murdock and Henry Marshall, of
Lafayette; H. H. Smith. Hartford City: L. G. Neely. Lima, O.; Former
W. T. Durbin, Robert
1. Todd. Vice-President and General
Manager of the. Indianapolis Traetiou tS: Terminal Co.; T. S. Krutz and
J. W. Van Dyke.
Governor
Evansville Elect. Ry. — Merged.—See Evansville & South¬
Indiana Traction Co. above.—V. 8)3. p. 94.
ern
The
Trans-Niagara Bridge Co.
was incorporated at Albany
year with $1,000,000 authorized capital stock, to
construct tire aforesaid bridge across the river til
early last
cars.
Xotes Issued.—The amount of short-term notes recently
placed by the company, it is understood, is about $5,000,000.
Compare V. SI, p. 102.
Erie (Pa.) Rapid Transit Co.—Merged.—See Buffalo &
Lake Erie Traction Co., above. — V. S3, p. 323, 37.
Evansville Princeton & Vincennes Interurban Ry.—
Merged.— See Evansville Sc Southern Indiana Traction Co.
below.
V. S3, p. 94.
Evansville & Southern Indiana Traction Co.—Merger.—
This company, recently incorporated with $4,500,000 capital
stock, lias taken over the property of the Evansville. Prince¬
ton A' Vincennes Interurban By. (Y. S3,
p. 94), giving in
for the construction of which arc now about to be let.
Upon the completion
of the new line between Bulfalo and
Niagara Falls, the International system
will have tlie only four-track interurban electric
railway in the "world.
It
will only be a matter of months when
passengers from Toronto and Hamil¬
ton and from Dunkirk and Erie will
lie brought without change of cars
into the heart of the city of Buiraio.
Niagara
Falls, 300 feet below the present upper steel arch bridge.
The bridge, it is said, will cost about $800,000.
George’s Creek & Cumberland RR.—Sold. Sec Western
Maryland BB. below.
Great Northern Ry.—Again Postponed.—In the absence of
a decision in the Minnesota
injunction eas*, the company
has again postponed the closing of the transfer books for the
—
purposes
j
of the
new
iss
ie
of stock and the time limit for the
tiling of subscriptions, this time until 3 p. m., Jan. 26. The
time for tiling a.ssgnments lias been
postponed until 3 p. m.,
Jan. 29,- and tie* turn* for making the liist
payment has been
postponed until Feb. 1.
Compare V. S3, p. 1469, 1590;
V. S4, j). 51, 102.
Hamburg Ry., Erie County, N. Y. — Merged.—Sec Buffalo
Sc Lake Eric Traction Co. above.
V. S3, p. 1524.
International Traction Co., Buffalo, &c.—Xcw Subsidiary.
—See Frontier Electric By. above. — V. S3, p. 1470.
Kansas City-Olathe Electric RR.—Sold.—This
property
was sold at Kansas
City, Kan., on Dec. 17 by order of the
Federal Court and was bid in by J. A. Stewart, of Kansas
City, for $21,250. The “Kansas City Star” says (compare
Missouri Sc Kansas Interurban'Ry. below):
—
The road
was
projected to
along the Turkey Creek Valley to Olathe
Fitchburg RR.—Sale of Bonds.-—The company has sold ; Kan. The Braeie-Howard Construction
Co. had built 5 miles of the road.
This road is not tlie line projected by XV. B. Strang and Ills associates.—
to Moffat & White of New York an issue of $2,000,000 of 4%
j V. 79, p. 681.
20-year bonds, dated April 1 1907, of which $1,500,000 to re- j
Lake Shore Electric Ry.,
fund an equal amount of 4% bonds that mature on April 1
Cleveland.—Report.—For calen¬
dar year 1906:
of this year, and the remaining $500,000 to reimburse the
Year—
'
Gross.
Xft.
Bond Inf.
BoL.Sur.
Boston A: Maine for expenditures upon the property.
$860,720
The 1906
$384,462
$2 14,853
$139,609
1905
788,208
teased
to
road is
the Boston Sc Maine RR. at a rental equal
359.680
24 1,850
1 14,830
V. 84
p. 51.
to 5% on its $17..300.000 preferred stock and 1% on the
Lake Tahoe Railway & Transportation Co.—Listed in San
common stock.—V. S3, p. 751.
Francisco.—The Stock and Bond Exchange of San Farncisco
forest City Ry., Cleveland.—Probable SettlementSee on Dec. 13 listed this
company’s outstanding $300,000 5%
Cleveland Electric By. above.—X. SO. p. 102.
gold bonds due Oct. 1 1931; total authorized issue $500,000.
Fort Dodge Des Moines & Southern Ry.—Construction,Ac. .The earnings for “the
past year” .are reported as follows:
—This company, which owns the street railways in Fort Gross, $184,996; not,
$61,611; interest on bonds, $15,000;
Dodge and Ames, Iowa, and is constructing an interurban balance surplus, $46,611. — V. 74, p. 478.
electric line bet ween Fort Dodge and Des Moines, with a
Lehigh Valley RR.—Status as to Dividend.—At the annual
branch to Ames, has recently secured trackage rights over
meeting
bn Jan. 15, Brcsident IT B. Thomas said:
the 40 miles of Newton A North Western between Cowrie
run
—
,
nd kellev, and has electrified that
part of the system.
The
At a time when there is so much uncertainty as to the future cost of opera¬
tion and the clTeet on the company of recent laws, your board believes a
JAX. lit
1907.j
THE CHRONICLE
conservative policy in the matter of dividends is to the best Interests of the
stockholders. The labor situation is unsettled. 'Heavy demands have
been made on the company for shorter hours and increased wages because
cf the increased cost of living and higher rates of wages paid by others,
many of which have been granted where a fair and Impartial review of the
situation indicated the necessity for so doing.
'1"ills will have Its .effect in
tending to increase the future expense of operation.
The shortage of freight
equipment ears, which is everywhere engrossing the attention of both railroad officials and the genera! public, is one that must be dealt with broadly
In order to carry on the continued prosperity of the country.
It must
A
526,934. —V. Si,
p.
102.
Missouri Pacific Ry.—Suit.—Attorney-General Hadley of
Missouri on Jan. 9 began an action in the Supreme (onrt of
Missouri to dissolve the alleged illegal merger of the Missouri
Par.fie .Iron Mounta'n and \Vabasn railroads and the Pacific
Express Co. and revoke the charters of the Pacitie Express
Co., Am M’ican Refrigerator Transit Co., Western Coal A
M.iFng Co., RYhhill Coal Mining Co. and Kansas Missouri
Eieva.or Co.
Chief Justice
writs returnable Jan. 2d.
Gantt
issu'd
quo
warranto
The petition alleges that till of the properties aimed are controll.-d by
tilt' same iutvrests and that such common ownership ami tii»* interest of the
railroads in the o.her properties named is contrary to the laws of Missouri:
aiso that t he Wabash and Missouri Pacific arc parallel and co opctlng lines
between Si. bonis an t Kansas City, arid much of t he intermediate territory,
and. as such.-coatro. of one by the other or In its interest is forbidden by
the Missouri statutes.—v\ 83, p
1348.
.
New London
Ea3t Lyme Street Ry.—Increase of Stock,
Etc.—This company announces its intention to apply to
the Connecticut Legislature for authority to extend its line
from Xian tie to the Connecticut River, and to-increase its
capital stock to an amount not exceeding $500,000; also to
extend feed wires under the Connecticut River westerly to
connect with the Shore Line Electric* Ry. — V. 81, p. 1376.
Newton & Northwestern RR.—Portion of Road Used by
Trolley Company.— This company, while still operating with
steam
its 102 miles of road between Newton and Rockwell
City, Iowa, lias given trackage rights to the Fort Dodge
Des Mo-nes A Southern RR. over 40 miles of the line, and
that company
has equipped the same for electric operation,
properties, however, being operated independently.
See Fort Dodge Des Moines & Southern Ry. above.—V. 82,
|). 335.
the two
New
sion in
firmed
tion of
York Central & Hudson River RR.—Favorable Deci¬
Harlem Suit.—The Court of Appeals on Tuesday af¬
the decision of the lower courts, which upheld tlie ac¬
ex-Chief Judge Charles Andrews of the Court of Ap¬
peals, acting
as
referee, in dismissing the action brought by
the Continental Insurance Co. and others to set aside the
New York Central
§220,000 of the annual saving through the refunding of
$12,000,000 of Harlem 7% bonds.
See editorial, V. 78, p.
2305; V. 78, p. 2335; V. 76 p. 1141. — V 84, p. 52.
compromise
allowing
agreement,
,
New York
the
.
Chicago & St. Louis RR.—Report.—See “An-
nual Reports’’ on a preceding page.
Increase in Second Preferred Dividend.—The
to
stockholders of record Fob. 1.
Annual Dividends (paid in March'.
Per ('cut.
Dividend*
’98, ’M b *:»0. ’<)(). ’97. ’98. ’99. ’00. ’01. ’02 to ’00. ’07.
1st pf. o',.').mill.oii'm a
.')
o
5
5
4
o
2
o
a
5 yearly.
2d i>r.i$i i .'.ino.ooin
2
a yearly.
4
...
.
The Lake Shore A Michigan Southern owns
the second preferred;^--V. 84. p. 52.
$6,275,000 of
*
New York •& Harlem RR. — Decisions. —See New York Cen¬
tra! A Hudson River RR above. -V. 8()-, p. 1 F24.
.
New York New Haven & Hartford RR.—AY«> Stock.—It is
currently reported, on apparent authority, though not
officially confirmed, that the directors on Jan. 12 voted to
offer to the stockholders “later in the spring” the right to
subscribe at 8150 a share (par $1001 for additional stock to
the extent of one share for every four shares of their re¬
spective holdings.
U, convertible debentures of 1905
stated lost week the holders of a '
(if ful! paid) will be permitted to subscribe for future stock Issues on the
basis that $15) i • debentuvs is rqu: valent to one share of stork.
At last
a •■••omits
l.noi only $->.814.59') of the $.20.090.00 ) convertible
i June .29
debenture
’■•>* were f ill p:ii 1. and the linn] payment of 25”i each on sub¬
scriptions thereto were not due until .Inly 1 lb(>7 and April! ions respec¬
tively.
The amount of ranitnl stock listed on the New York Stock Ex¬
change is SSI.it 2.ion. but further amounts up to a total of 595,.$14,500 are
autlio-ize i to be listed when Issued iu exchange for debenture bonds of the
Consolidated Hr. and for other p-jr-i >-.*••;.
The intimation of “rights”
would naHirailv serve to hasten the payments In full of subscriptions to fieconvertible .2 Ms (see V. Hi. p. 149,2) and also the cxrhamre of Consolidated
8.2. p. 14711.
Were both these operations
completed, the amount of the n**v.’ sto'-k Issue now spoken of would be
approximately 580,000,000, yielding the company about 545.000,000.
By. debentures for stock
i V.
Xotes.—The proceeds of the
last issue of notes (V. 84,
403). it is said, will be used for new equipment. The re¬
port that the note issues of the last two months aggregate
$25,000,000 or $30,000,000 is not confirmed. We have full
p.
aggregating $23,000,000 and additional
apparently outstanding, but the exact sum is
withheld (V. 84, p. 103).
details
of
amounts
issues
are
President of the
.
.
-
i
Northern Indiana Ry.,
this road, it is reported-,
South Bend, Ind., &c. - Control of
has been acquired by the Dili rich
syndicate of New York, the Murdocks of Lafayette, Ind.,
and Hugh McGowan of Indianapolis, in the iirurtst, it is
suppos *d of l he consolidation of Indiana roads by the ITiiled
Gas Improvi meat Co.
Compare V. 82. p. 56S.
,
Northern
acific Terminal Co.—Colic,; Bo/ids.—Thirl y-t ne
($ >1 J O )) first mortgage bonds of 1883 have been drawn and
will lv r dci me 1 by tin* Farmers’ Loan A Trust Co. on Ft b. 4
1967 at 110 ml accrued interest.
V. 8.3, p. 156.
Penn sylvan a HR,—Application to Lisi.—The Sew York
Stock Exchange has been requested to list $4,485,200 addi¬
tional capital stock as issued from time to time in exchange
for Philadelphia A Erie common stock.
Compare V. 84,
p. 10.3.
—
Peoria & Pek n Terminal Ry.— Sale Feb. 9.—This com¬
pany’s properly is advertised to be sold at Peoria, Ill., on
Feb. 9 under foreclosure of the mortgages of 1900 and 1905,
Dime Savings Rank A Trust Co., trustee.
Cpset price,
$600,000.
Reorganization.—The “Boston News Bureau” understands
that in the reorganization the old bondholders will receive
new securities
guaranteed by the Chicago A Alton and
Rock Island joiutlv.
Compare V. 83, p. 752, 1171, 1291;
■V. 84,-p. 103.
Philadelphia & Erie RR.—Exchange of Minority Stock.—
Pennsylvania RR. below and compare V. 84, p. 103.
Southern Railway.—Official Statement as to Status and
Xccds of Property. — Under date of Jan, 16 President W. W.
Finley has addressed a long letter to the public referring to
the great increase of recent years in the amount of the com¬
pany's traffic and the difficulties which the management
has had, and is still having, in providing adequate facilities
to handle it in spite of the large sums
expended and now
being expended for improvements, additions and new equip¬
ment.
The conditions described are quite fully dealt with
in an editorial on a preceding page.
Mr. Finley says in part:
See
It
be remembered that this company has not been in existence
than about 12 years,
li found those railroads of the .South, now con¬
stituting a part of Its system, of light and faulty construction, and poorly
equipped.
Tne company at once adopted a policy of betterment and Im¬
provement, as will appear from the following statement:.
It has spi rit —
must
more
In new.
approved and heavier ra’i
__
In double-tracking, reducing grades and changing alignment.
In.new steel bridges for heavier power
! n branches and spurs to industries
.
.
„
.
!>i
side, passing and commercial tracks
In shops, tools and machinery
a
In additions and improvements to yards, real estate, roadway
and structures, and other improvements and additions..
Or a total of
It tin* spent, nr contracted to spend —
For new equipment
For joint t< rninals completed ills proportion)
For e-rrui’ials
For double-tracking
...
..
...
..
.
.
...
..
.
A
..
..
__
2,041,148
8,229,605
$19,322,569
,3,408,188
828,401
total of work done and contracted for to prepare
to handle the traffic
$96,482,945
The company has increased its rolling stock received and contracted for
follows:
a
____
as
2.863.288
3,148,806
0,744.769
.....
Making
$10,880,000
6,942,631
2,578,540
$36,184,018
..
.
-
directors on
Wednesday declared an annual dividend of 4% on the
$11,000,000 second preferred stock, payable, with the usual
annual dividend of 5% on the first preferred, on March 1
new
AOther Inc. Charges. Dividends, llulance.
190,5-96
.51.148,922
$251,524
$22.2,971
$5,229
sui/..2.2.718
i.<94915..
1.902,158
177.788
8,781
169.419
2.900
520,000 def
V. 85. p. 1 171, 1848.
is not
stock oil the New York Stock Exchange was on Jan. 16 voted
down bv tin1 stockholders, the vote being: For, 7S.45S; against
Director.—James MeCrea, the
cw
Pennsylvania RR., has been elected a director to succeed
tile late A. J. Cassatt.—V. 84, p. 103.
Norfolk & Southern RR.—Report. — For fiscal year ending
j
i June 30 1906
(old company):
!
Year-Dross.
be borne in mind that the business of producing anthracite coal
alone a mining proposition, but a manufacturing and commercial un¬
dertaking as well.
The combined gross business of the railroad and coal
companies is over S65.009.ooo per annum, and to provide ample working
capital, as well as to meet expenditures for current improvements as they
become due. it Is necessary to have ampie cash balances constantly at the
company’s disposal, even though the cost of such work is not Included in
operating expenses, but is ultimately charged to capital account and pro
videtl for by the issue of securities.
Xot to Be Lifted in AYr York. —Tilt* proposition to list the
159
From
Locomotives.
623 to 1,544
Freight-train Cars.
From 18,924 to 58,491
.
.
Passenger-train Cars.
From 187 to 1,008
The average capacity of the freight ears has also'been Increased 28.38%.
A fair consideration of these tigures will demonstrate the fact that the
management has not been unmindful oi its obligation to increase its facilities
in
anticipation of the increase in traffic.
Need of Fresh Capital.
The company has been, and still is. hampered, however, by two condi¬
tion-:
t'tie !*; the large amount of fresh capita! required, and the other
the (iiTicnlf oi s'-emlng adequate and efficient labor, of promptly getting
!<s f-onstrue*ion work lone, a id of obtaining the rolling stock, rail and other
materia! .■ --mtial to improved 'ariiith-s
The management last ‘•pring.authorized the creation of the
•‘development
and ‘-wr-ral mortgage” bonds to t'-e amount o' $200;onn,oon.
or these
bond*
non,no.) v. ere .V. once sold and tin* proceeds are being spent as
rap' d"
■ * b<- work -v.n be done in adding to our buiiltie- to meet the grow¬
ing demands.of business.
Gonipare President Spencer’s statement in V. 82. p. 397.
>r of Proposed Xoh s.-—The “New York
Summary” on
Wefi?)''s4;;y said:
Rum
The violent break In the stocks of the Southern Railway Co. to-day was
awoij.pa ded iu.- a report., which was gem rally credited in vrcll-informed
bank! *g quarters, that the company was preparing to bring out an issue
of short-i irne notes of from $25.000.009 to 850,000,000.
Rr presentatlves
of t he eomnanv declared that no action had yet been taken witIi that object
•v view, bst .-••knitted that it wa« possible that some such issue wii! be made
!.) ft'..'* mo* diviant future. —V. 84. p. 52.
South Side Elevated RR., Chicago.—Bonds.—The “Chi¬
Int'T-Ocean” of Jan. 12 says:
cago
The cnmpanv has delivered another $500,090 of its 4 1
bonds to the
underwriting syndiea-’e, making a total of $7,500,000 delivered to date to
this syndicate.
These bonds were underwritten at 97 M arid a total issue
of $8,000,000 was authorized.
It h now understood, however, that the
$7,500,000 which have been delivered will complete the issue, as the ex¬
tension work has progressed to such a point that the last $500,000 will not
be require.!. —V. 82. p. 1041, 278.
Terminal Railroad Association of St. Louis.—New Bond
Issue May Be Guaranteed.—A press report says:
Executive officers of railroads opera*! nor In St. Louis, at a recent meeting
in that city,resolved to extend the credit of their lines to the Terminal
Railroad Association of St. Louis to enable it to enlarge and improve its
terminal system.
From $10,000 000 to $15,000,000 of bonds will have to
[Vol.
THE CHRONICLE.
160
be issued, in addition to the $1,000,000 per annum which Is available for
the association for 15 years.
It is said that tiie freight traffic in St. Louis
has increased 100% in seven years, and ligures just completed display an
Increase of 15% in 1906 as compared with 1905.—V. 83, p. 1168.
listed
Toledo
the year
years past compare as
Railways & Light Co.—Report.—The results for
ending Dec. 31 were:
Year—
1906
1905
V. 83, p. 1525.
Gross.
$2,047,610
1,913,456
Oper. exp.
$1,071,773
972,994
Net.
$975,837
940,462
Interest.
$509,607
510,307
Bal.,sur.
$466,230
430,155
—
Toledo Railway & Terminal Railway.—Time Extended.—
The time for the deposit of bonds with the Columbia Trust
Co., 20 Nassau St., New York, and, as sub-depositary, the
Portland Trust Co., Portland, Me., lias been extended to and
including Feb. 15.—V. 83, p. 1591.
Trans-Niagara Bridge Co.—See Frontier Electric Ry.
above.
Vandalia Railroad.—New Officers.—First Vice-President
Joseph Wood has been elected President , to succeed James
McCrea, and J. J. Turner has been made First Vice-Presitlent,
E. B. Taylor Second Vice-President and J). T. McCabe Third
Vice-President and
83,
p.
a
member of the board of directors.—V.
1591.
Wabash RR. Co.—Application to List.—Application has
been made to the New York Stock Exchange for permission
as from time to time issued under the financial plan, to' list
$10,500,000 additional preferred stock and $10,500,000 ad¬
ditional common stock, making the common stock listed and
to be listed $54,500,000 and the preferred stock $40,500,000.
Suit.—Sec Missouri Pacific Ry.—V. 84, p. 52.
Wellington Grey & Bruce Ry.—Interest Payment.—This
company, whose line is operated by the Grand Trunk Ry.,
announces the payment of £3 0s.Aid. per £100 bond, to be
applied as to 16s. 9d. in final discharge of coupon No. 48,
due July 1 1894, and £2 3s. 9d. on account of coupon No. 49,
due Jan. 1 1895, payable on and after Jan. 1 1907, at 203
Dashwood House, New Broad Street, London, E. C,
Last
year £3 3s. per bond was paid.—V. 83, p. 39.
West Jersey & Seashore RR.—Ronds Sold.—Brown Bros.
& Co. have recently purchased and since sold $1,061,000 of
the consolidated mortgage 4% gold bonds, the proceeds of
which were used in part payment for the extensive improve¬
ment made in the system, including the electrifying of the
road to Atlantic City.
This makes $5,161,000 of the issue
outstanding. The balance of the authorized $1,839,000 is
reserved for underlying liens.—V. 83, p. 689.
Western Maryland RR.—Acquisition.—The company on
Thursday took over the entire $1,000,000 stock of the
George’s Creek & Cumberland, extending from Cumberland
to Lonaconing, Md., 21 miles, with 4 branches aggregating
12 miles; total 33 miles.
Possession of the road will be taken
at once.
There are outstanding $536,000 first mortgage
30-year 6% bonds, due Oct. 1 1909, and a second mortgage
loan of $65,000, due Feb. 1 1908, the sinking funds on which
are, we are informed, practically sufficient to provide for
payment at maturity.—V. 83, p. 1465, 1476.
Western Massachusetts Ry.—Proposed Merger.—Applica¬
tion has been made to the Massachusetts Railroad Commis¬
sion by the New York New Haven & Hartford interests for
permission to merge the Western Massachusetts Ry. Co.
and the Woronoco Street Ry. Co. through the purchase by
the former of all franchises and property of the Woronoco
Co. by an exchange of stock, share for share.—V. 82, p. 1324.
Wiscasset Waterville & Farmington Ry.—Reorganized.—
This company has been incorporated with authorized,stock
consisting of $100,000 common and $200,000 5% noncumulative preferred, as successor of the railroad company
of the same name, sold in foreclosure on Dec. 4 last.
Of the
stock, all the common and $100,000 of the preferred have
been issued to pay for the property and $10,000 of the pre¬
ferred has been sold for working capital, leaving $90,000
preferred stock available for future- purposes. No bonds
The officers are:
will be issued.
President, Carson C.
Peck, 280 Broadway, New York; Treasurer, William 1).
Patterson; General Manager, Samuel J. Scwall.—V. 83,
lxxbv.
$229,000 additional preferred stock, making the total amount
$18,382,000.—V. 83, p. 1230.
American Cement Co.—Report.—The results for four
follows:
Net of
Int.,&c., Int.,&c.,
oper. cos. Am.Cem.Co. Sub.Co.
Year—
..$420,183
208,815
216,189
492,145
1905
1904
1903
$84,471
84,046
86,989
95,472
$48,053
19,500
20,600
22,000
Dividends
Balance
paid.
(7%)$140,000
(6%) 120,000
(7%) 140,000
(8%) 160,000
surplus
sur.S 147 65ft
clef
def.
31 4(M
sur.
214*673
Change in Par Value.—The shareholders at the annual
meeting adopted a resolution increasing the par value of
the stock from $10 to $50 a share by the issue of one share
of new stock (par $50) for every five shares of old stock
(par $10).—V. 83, p. 1525.
American Chicle Co.—New Director.—H. M. Adams has
been elected a director to succeed E. Beeman; George H.
Worthington has been made President in place of W. J.
White; and George A. Stanton has become Vice-President j
Thomas Adams, Chairman of the Board, and Henry Rowley,
Secretary.
Profits.—For half-year ending Dec. 31, contrasting with
ending June 30 1906 and 1905:
years
Profits for
Preferred
Common
Balance,
Total
Period Covered—
Dividend.
Dividend.
Period.
Surplus. Surplus
6 mos. end.Dec.31’06. S721.000 (3%)S90.000
(9%) §510,000 $91,000 Sl.SoO.OOO
Year end. June 30’06.1,404,000 (6%) 180,000 (13%) 780.00 0 4 4 4,000
1,759,000
Year end. June 30’05.1,224,000 (6%) 180,000 (12%) 720,000 324,000
1,315,000
New Plants.—It is announced that
a new
factory has been
established by the American
Chicle Co. in Kansas City, Mo.,
plant will soon be erected in Kansas.—
and that another
“Journal of Commerce and Commercial Bulletin.”—V.
83,
1349.
p.
Light & Traction Co.—Report.—The results for
ending Dec. 31 were:
American
the year
Cal. Yr. Earninqs.
1906 _.-$2
1905
---
263,736
1,373,621
Com. div.
Net Profit. Pf.dlv.,6%.
$2,215,736
$853,068
(4 ?4' %) $320,902
(3?:i%) 179,581
1,336,168
570,822
Bal.,sur.
$1,041,766
585,765
Note.—From the surplus for the year 1906 was deducted S680.500 “for
reconstruction reserve fund,” leaving: a surplus of $361,266, against $585,765
for the corresponding period of the previous year, being a decrease of $224,499.—V. 83, p. 968.
'
\\
American Pipe Manufacturing Co., Phila.—Earnings.—
The company reports for the year 1906 net earnings of
$618,042, contrasting with $588,699 for 1905; dividends paid,
$480,000, against $352,481. The capital stock was increased
during the year from $4,000,000 to $5,000,000.
Dividends
9.6% per annum are paid quarterly, Jan. 1, etc.—X. S3,
273, 215.
American Smelting & Refining Co.—Status of Enterprise —
Other Income.—J. S. Bache & Co., 42 Broadway, New York,
have begun the publication of a series of booklets entitled
“Studies in Industrials ” No. 1 is devoted to the pre¬
ferred stock of the American Smelting & Refining Co.
The
firm says in substance:
of
p.
in Its financial statements earnings from
Huntington and Heberlein patents. (2)
held primarily as a base
supplies but profitable directly from their operations.
The profits here¬
The company has not Included
the following sources: (1) Use of
Mining properties in Mexico, a very valuable asset
of
tofore have been used to cover the cost of purchase and development, but
the directors expect to carry the profits to credit of profit and loss beginning
with fiscal year ending Apr. 30
1907. (3) Its holdings of $17,751,000
common
stock of the American Smelters’ Securities Co.
(4) Stock of the
United States Zinc Co. of Pueblo, in which the company owns a controlling
interest.
(5) Stock of the United Lead Co.
These earnings will eventually
be transferred from these various investments to the credit of tlie profit and
loss account of the company.
[Since April 30 1906, the end of the last
fiscal year, the company Is under¬
stood to have parted with a large amount of the stock of the United Lead
Co., presumably to the National Lead Co. in exchange for that company's
stock under the amalgamation plan.—Ed.].—V. 84, p. 105.
1
p.
1413.
American Telephone & Telegraph Co.—Reduction in Price
of Ronds to Syndicate.—The “Boston News Bureau” says:
In the negotiations in relation to the recent purchase of $25,000,000
three-year 5% notes, there was included an agreement to reduce the price
of the $100,000,000 4% convertible bonds to the underwriting syndicate
3!$%. making the price of the bonds to them 91 instead of 94
as it has
been hitherto.
By reason of tlie reduction in price, the public issuance of
a block of the bonds is shortly expected.
Output.—The output of instruments (each telephone being
“instruments,” viz.,.one receiver and one transmitter)
for the month and twelve months ending Dec: 31:
two
Month
To Dec. 31—
Gross output (numberV
Net output (number)
Total outstanding
—V. 84, p. 105.
12 Months
1905.
1906.
1905.
1906.
163.260
163.828
106,447
2.168,871
1,409,578
91,777
7,107,836
1.841,628
1,217,694
5,698,258
INDUSTRIAL, GAS AND MISCELLANEOUS.
American Union Telephone Co., Philadelphia.—Holding
Company.—This company, incorporated under the laws of
Pennsylvania May 31 1906 recently elected its execu¬
gation Co. below.—V. 83, p. 215.
tive officers.
In October last it increased its capital stock
Alpha Portland Cement Co. of New Jersey.—Status.—.. from $10,000 to $25,000,000, of which $10,000,000 is
This company, mentioned below under heading “North
6% non-cumulativc preferred (with preference as to assets
American Portland Cement Co.,” was incorporated in New
as well as dividends), and authorized a mortgage to secure an
Jersey in 1895 with $500,000 authorized capital stock (in issue of $25,000,000 5% convertible bonds. Of those bonds
$100 shares), since increased to $2,000,000, all of one class;
some $6,000,000 will be reserved to retire underhung bonds
no bonds.
at or before maturity, $2,500,000 is issuable for exten¬
The company owns in fee 200 acres of cement rock land at Alpha, N. J.,
sions and improvements and $16,500,000 is reserved to.be
and 160 acres at McAfee, N. J., also mills at Alpha, N. J., having: an annual
capacity of over 4,000.000 barrels of “Alpha” brand Portland cement.
It issued only for future additions, extensions and acquisitions,
also controls bv ownership of entire capital stock the Martin’s Creek Port¬
at not exceeding 85% of the actual cost thereof, when the
land Cement Co. and the Alpha Portland Cement Co.'of Pennsylvania, and.
through a majority Interest, the Annvllle Stone Co.
The Alpha Portland net income of the company exceeds by 50% the interest
Cement Co. of Pennsylvania took over in 1905 the plant of the old National
charged on the bonds outstanding and then to be issued.
Portland Cement Co. at Easton. Pa., all of the National Company’s $1,200,000 bonds having: been first retired (V. 81, p. 5601.
Control has been acquired of the following companies,
Officers—President, W. M. McKelvy; Vice-President, A. F. Gcrstcll;
having
in operation in June last 40,040 telephones and.pos¬
Secretary and Treasurer, G. S. Brown. Easton. Pa.—V. S3, p. 1413.
sessing
traffic agreements with numerous adjacent inde¬
Aluminum Company of America.—New Name.—See Pitts¬
pendent
telephone enterprises:
burgh Reduction Co. below.
Acme
Steamship Co.—Ronds Offered.—See Chicago Navi¬
American Agricultural Chemical Co.—Application to List.
—The New York Stock Exchange has been requested to list
Philadelphia
United Telephone & Telegraph Co., operating from the
line to Williamsport and west to Altoona, inclusive
64, 618).
Countv
(V. 81, P-
161
THE CHRONICLE.
1907.J
Jan. 19
Central Leather Co.—Plan Approved.—The. shareholders
Harrisburg southwest
and northwest to the at a special meeting on Jan. 16, by a favorable vote of 498,819
exchange centres at out of a total of 690,403 shares outstanding, ratified the
Elizabethvllle, Lykcns, Mlllersburg and Tower City.
proposition to consolidate the company with the United
Cumberland Valley Telephone Co. of Baltimore City, operating in the
States Leather Co.
The meeting adjourned until Feb. 16.
States of Maryland, Virginia and West Virginia.
The United States Leather Co. has been restrained by the
Boyds & Damascus Telephone Co., embracing the County of Montgomery,
Md., with principal exchanges at Boyds and Damascus.
Courts, in the suit of the minority shareholders who are op¬
Huntingdon & Clearfield Telephone Co., extending from Snow Shoe in
Center County to Patton in Cambria County.
posing the consolidation, from holding the meeting to com¬
Cambria Telephone Co., embracing the County of Cambria.
plete the merger until Feb. 1, to which date the time of the
Indiana Telephone Company, embracing the County of Indiana.
defendants to answer has been extended.
See also V. 84,
Bradford County Telephone Co., embracing the County of Bradford, Pa.
Port Allegany Telephone Co., embracing the counties of McKean and
p.
105.
Potter.
Petroleum Telephone Co., embracing the counties of Crawford and
Chaparra Sugar Co.—Stock Reduced.—This New Jersey
Venango.
Commercial Union Telephone Co., embracing the counties of Elk and
corporation has reduced its capital stock, of which $5,000,000
Jefferson.
was authorized and $3,750,000 was issued, to $1,260,000
Union Telephone Co. of Erie, embracing the counties of Eric, Crawford,
authorized and $10,000 issued, by the cancellation of the
Mercer, Venango, Beaver, Warren, McKean and Potter, in Pennsylvania
extending to Olean, N. V., inclusive, and to Youngstown, Ohio.
$3,740,000 owned by the - company. Par of shares (un¬
York State Telephone Co., embracing principal exchange centres at
Elmira, Binghamton and Owego, N. Y.
changed), $100. Compare V. 83, p. 753.
Philadelphia Pittsburgh & Erie Telephone Co., organized as a subsidiary
of the American Union Co. to handle present and proposed long distance
Chicago Navigation Co.—Bonds Offered.—The Security
lines In 43 counties in the State of Pennsylvania.
Trust Co. of Detroit is offering for sale at par and interest
The control of these companies has been acquired by use the
following 5% gold bonds secured by a first lien on steel
of $2,000,000 each of common and preferred stock and with¬ steamers and payable in ten annual series of 10% each.
out the use of cash; $250,000 of each class of the new shares
Denomination, $1,000; interest payable Jan. 1 and July 1
has been issued for organization expenses, and $750,000 of at office of Security Trust Co., Detroit.
Name of
preferred and $1,500,000 common have been sold with the
Total
Bonds
1st 10% of
Steamship Covered.
Issue.
Company.
Dated. Brine. Due.
Name.
Cost. Tonnage.
hist $1,500,000 bonds for $1,500,000 cash to provide for new
$410,000 10,000
S. Co...$200,000 April 1’07 Jan. 1'09 Not stated
construction and other corporate'purposes. There is there¬ AcineS.
Chicago Nav. Co. 280.000 Oct. 1’06 Jan. l’OSJW. E. Fitzgerald] 560,0001
7,750
/Jus. S. Dunham j
f 7,750
fore outstanding $3,000,000 pref. stock, $3,750,000 common
410.000 10,000
CuyahogaS.S.Co. 200,000 April 1 ’07 Jan. 1 ’09 Sheldon Parks
stock and $1,500,000 bonds, with an additional $1,500,000 Jenkins
S. S. Co. 150,000 April 1’07 Jan. 1'09 Not stated
9,000
330.000
bonds immediately available for further extensions, &c.
Mesabu S. S. Co_xl45.000 April 1 ’07 Jan. 1 *0S Not stated
375.000/ 10,500
Due in semi-annual Installments of $14,000 and S15.000.
1 (gross)
The earnings of the aforesaid companies for an entire year
For further particulars regarding Acme Steamship Co.
based on results for June 190G are reported as follows:
Gross earnings
$1,018,013 I Fixed charges
.$369,281 see V. 83, p. 215, and for Megabit Steamship Co., V. 83,
Net earnings
495,739 j Balance, surplus
126.458 p. 497, 894.
V
It is estimated that after the expenditure of the $1,500,000
Chicago (Bell) Telephone CoReport.—The results for
new money, the new company should show annual results
the year ending Dec. 31 were:
Cumberland Valley Telephone Co., extending from
through the Cumberland Valley to the State line
Borough of Lewlstown (V. SI, p. 561).
Lykcns Telephone & Telegraph Co., operating
.50911904.
. 60911905.$4,637
x
as
follows:
earnings. $1,500,000; net, $700,000; fixed charges of constituent
companies on $6,000,000 bonds, rentals, &c., $370,000; Interest on $1,500,000 new bonds, $75,000; balance, surplus for dividends, &c., $255,000.
Gross
The officers and directors are:
Officers.—Ellis Orvis of Bellefonte, President; B. F. Meyers
burg, Vice-President; S. R. Caldwell, Secretary and Treasurer; F.
of Harris¬
D. Houck
of Harrisburg, General Manager.
Directors.—John W. Garland, Pittsburgh; W. B. Trask, Erie; A. W. Lee
and James Kerr, Clcartleld, Pa.; J. L. Spangler, Bellefonte, Pa.; William
Kaul, St. Mary’s, Pa.; Edward Bailey, Lyman D. Gilbert, George W. Kelly
and B. F.e Mvers, Harrisburg, Pa.; Rembrandt Peale, New York City;
J. Sloat Fassett, Elmira. N. Y.; Ellis L. Orvis, Bellefonte, Pa.; wS. P. Light;
H. Prentiss Taylor, Pittsburgh,
The main office? of the company is at 227 Walnut St.,
Vice-President Lebanon County Trust Co.;
II. P. Taylor & Co., Pittsburgh, who are
enterprise, write that the foregoing par¬
ticulars, taken from the prospectus, arc “nearly correct and
Harrisburg, Pa.
interested in the
will need
no
revision at this time.”
American Writing Paper Co.—Reduction of Authorized
Capital Stock.—The shareholders at the annual meeting on
Feb. 12 will vote on reducing the authorized capital stock
from $25,000,000 to $22,000,000, by reducing the limit of
common stock issue from $12,500,000 to $9,500,000 by the
cancellation of the $2,000,000 of treasury shares and the
$1,000,000 which has never been issned. The preferred
stock remains as now, $12,500,000, all outstanding.—V. 83,
p. 820, 689.
Baldwin Locomotive Works, Phila.—Annual Output.—
The company’s output for the year 1906 comprised 201
electric and 2,451 steam locomotives, total 2,652 against:
Total
Year—
Number
—V. 82,
Annual
Output
1901.
1.375
p.
453.
of Locomotives—Steam anil
1902.
1903.
1904.
1,533
2,022
1,485
Electric.
1905.
2,250
1906.
2,652
Year—
1906-
Gross.
$7,907,567
7,131,342
6.373,116
Compare V. 83, p. 1100.
Net.
$1,618,144
1,626,811
1,563,616
Dirid’s (10%).
$1,400,000
1,400,000
1,400,000
Bal., sur.
$218,144
226,811
163,616
Cincinnati & Suburban Bell Telephone Co.—New Stock.—
The shareholders will vote Feb. 20 on a proposition to in¬
crease the authorized issue of capital stock from $5,000,000
(of which $22,000 is'said to bo in the
treasury) to $8,000,000,
provide from time to time for extensions and additions.
The “Cincinnati Enquirer” of Jan. 11 says: “It is proposed
to issue on March 1 $500,000 of the new stock to the stock¬
holders at par, at the ratio of one new share for every ten
shares held at present.”
The par value of the shares is $50.
“The annual dividend rate was recently increased from 6%
to 8%.”
Compare V. 83, p. 1526.
Colorado Fuel & Iron Co.—Resources and Strategic Condi¬
tions.—See article in “Engineering and Mining Journal” of
New York for Jan. 12 1907 and Dec. 29 1906.—V. S3, p. 1592.
Consolidation Coal Co. of Maryland.—Extra Dividend.—
The directors on Jan. 14 declared the regular quarterly divi¬
dend of 1J6% and an extra dividend of 2%, payable Feb. 13,
making 8% paid from the earnings of 1906 against 6% for
1905.
See also Fairmont Coal Co. below.
to
Report.—For
Year.
1904..
year
ending Dec. 31 (Dec. 1906 estimated):
Year's
Balance,
Surplus.
Dividends.
Not stated
$1,434,868 (8%) $820 ,()00$614,868
$1,574,994 $557,704
1,017.200 (6%)615.000 402,290
4,130,589
1,466,703
536,367
930,336 (4%)410,000 520,336
4,419,249
1 ,087,512 (4 %) 410 ,000
677,512
1,870,249
782,737
Gross
Earnings.
1903.—V. 83,
p.
Total
Net.
Charges,
&c.
Applic. to
Dividends.
1039.
Consolidated Steamship Lines.—Increase in
by Company to Be Controlled.—See Hudson
below.—V.
Capital Stock
Navigation Co.
84, p. 53.
Mills.—Option to Subscribe.—An increase
Consolidated Co.—Negotiations—Possible
Copper
Range
in the capital stock from $600,000 to $1,000,000 has been
Consolidation.—John
1). Ryan of the Amalgamated Copper
authorized, and holders of trust receipts for existing shares
of record Dec. 22 may subscribe until the close of business Co. and Thomas F. Cole, it is understood, have acquired a
Jan. 24 to the extent of two shares, par $100, for every three substantial, though not, it is said, a controlling, interest in
shares of their respective holdings.
Subscriptions are pay¬ a number of Lake Superior 'copper properties, with a view to
a large consolidation, and are conducting negotiations which
able at the Treasurer’s office, Boston, Jan. 24 $25, April 2
S50 and July 2 $25; interest at 5% per annum will be paid may result in the merging of the Copper Range Consolidated
on installments.
The proceeds will be used for improve¬ Co., Osceola Consolidated Mining Co., Tamarack Mining Co.
and other important companies.—V. 83, p. 1349.
ments, new machinery and additional working capital.—V.
Corona Coal & Iron Co.—Sale.—See Monongahela River
82,*'p. 220.
Consolidated Coal & Coke Co. under ‘Annual Reports” on a
F Broadway-Cortlandt Co.,:New*York.—Dcscription'of Pro¬
previous page.—V. 78, p. 1277.
posed Building.—The “Engineering Record” of New York
Crystal Water Co., Staten Island.—Called Bonds.—The
on Nov. 24 1906 contained an illustrated article regarding
the 32-story building which is being built by this subsidiary entire outstanding issue of 4% 20-year first mortgage gold
bonds of 1904 ($700,000 authorized) has been called for re¬
of the City Investing Co.
Compare V. 83, p. S20.
demption at par and interest at the Equitable Trust Co.,
Cambria Steel Co.—Consolidation Rumors.—See Pennsyl¬
15 Nassau St., New York, on Feb. 14.
vania Steel Co. below.—V. 82, p. 1499.
Purchase by City.—The Board of Estimate of the Cityr of
York some time since approved the purchase of the
New
Central Foundry Co., New York.—New Officers.—A. F.
property
for $720,563 free and clear of all liens, and physical
Gartz, for many years Treasurer of the Crane Company of
possession
will be taken on Feb. 1. The market value also
Chicago, has been elected President, succeeding Alfred Fowle, will be
paid for any pipes on hand.—V. 73, p. 1063.
J. B. Murphy, Vice-President of the Central Foundry Co.,
has also resigned.
(The) Cuban-American Sugar Co.—See Chaparra Sugar
These changes are supposed to be the
Co. above.—V. S3, p. 753.
outcome of the dissatisfaction expressed by the shareholders
at’the annual meeting last August.—V. S3, p. 489, 438.
Cudahy Packing Co. (of Illinois), Chicago.—New Stock—
IT- Central Glass Co. of Wheeling, W. Va.—Stock Dividend.— Earnings.—The “Chicago Intcr-Oecan” of Dec. 29 said:
For the purpose of enabling: It to take care of increasing:business, the
A press dispatch from Pittsburgh states that the directors
Packing: Co. has Increased Its capital stock from $7,000,000 to
have declared a stock dividend of 50% on the capital stock Cudahy
$12,000,000.
in addition to the regular quarterly cash dividend of 2%,
During: the year ended Sept. 1 the company earned $826,000, which Is
thus increasing the share capital from $300,000 to $450,000. equal to a little more than 11% on the old capitalization of $7,000,000
"7-Boott (Cotton)
lHJ
THE CHRONICLE,
Balance Si‘ret
Ass/ts.—
Rcul estate a.nd
1000.
of Sep!. 1 1985 filed in f\Iussuchusetts.
1005.
j
1006.
niaeninery5,50 >.884
Merchandise
10,270,160
Cash&tlebt*. ivc.2,821,507
Stock
Car lines
Ml sc. Invest's.
4 .709,516
5,075,526
1 ,046,571
1 OS ,750
.
.
.
.
845,401
_
1,177,858
Ida illUles—
Capital stock
$
7,000,000
7,000,000
Aoets. payable. 8,856,605 j
565.470
.
;
.
Float.debt.,«Scc.j
Surplus
Frofitdcioss
..
,
Lincoln
15,022,475
and
(Neb.) Telephone Co.—Residence telephones from $ 1 75
to s?
telephones from $3 to $4.
96
Electric Telephone & Telegraph Co. announces
that unlesn
given permission by the City of Rock island, 111,.to raise its
rates 1?
business
The Union
13.021,786 J 2,215,550
_J
\ 881,860
...
It
is
.
must go out
Total
10,778,880
V. h8, p. 84.
.
—
Camoerland (Ball)
16,588,864;
par,
_
33 1-3%
Telephone & Telegraph Co.—Option to
of record
•eimtled to
describe
per share, to the $>,002,400 new stock issued
ho growth at th“ business,” on the
following terms;
are
i
s
68 2-3%
to
for house and from 66 2-3'%
to
rates
advanced
Hudson Navigation Co.—Increase of Capital
Stock.—This
Jersey corporation has filed a certificate of increase of
capital stock from $4,000,000 to $8,000,000. See Consoli¬
dated Steamship Lines in V. 84,
p. 54.—V. 84, p. 1049.
Illinois Tunnel Co.— Sale of Telephone
Equipment—Rental
New
Each stockholder of record at 8 p. in. on .Ian. 15 is entitled to
subscribe
In the proportion of on.- .share for every live shares that he tuen held.
The
right, to subscribe will expire aJ 8 p. in. Feb. 1,
Subscription; must be pet id
at the office of the Treasurer in Nashville, Term.. on or
before Feb. 1 or, at
the option of each stockholder: On* -fourth Feo. 1. oric-fOvirth
April 1, onefourth July 1 and our tourih Oct. 1
or tin* remain ler of any deffrre'l
pay¬
ments may be made on any of the abo ve-named dales.
Stock cert ideates
aviil be issued for trie amount of payments as a ide, and those dated Feo. 1
will participate in dividend on Anri! 1.—V. 84, p. 105.
for 'Telephones.—See. Independent Telephone Co. of Chicago
,
,
1
increase of from
10U'% for business
an
Kewanee (Ill.) Home Telephone Co., Increase
10%.
Fayette Home Telephone Go., Lexington. Ivy., business
from $3 50 to $4 per month. — V. 83,
p. 1031), 218.
§100
‘‘to moot
of business.
Memphis (Mich.) Independent Telephone Exchange,
10 ,778,880 1 6,588 ,*80 1
service.
Su'/scrioe.—Shar-holders
at.
Total
lxxxiv.
operating increases largely with the increase in telephones
An increase in rates has also been
reported recently "for
the following independent
properties:
1005.
§
.
,r
[ Pol.
below.
Earnings. — For the calendar year 1908 the company
Cuyahoga Steamship Co.—Bonda Offered.—See Chicago reports gross revenues of $221,176 against $108,400 in 1905,
an
increase,, of $112,876 over 1905. The company, it is
Navigation ('o. above.
•stated,
did not begin to carry freight to any large extent
Danbury & Bethel Gas & Electric Light Go.—Xew Securi¬
until about Nov. 1 last.
V. 84, p. 324.
ties.—Tnis company, it. is announced, will
apply to the
Connecticut (Jonoral Assembly, for authority to increase its
Independent Telephone Co. of Chicago.—Purchase—
capital stock from $200,000 to $.400,000 and its bomb'd debt Rental.—This company is being organized under tlie. laws
of Illinois to take-over the
from $120,000 to $225,000. — V. 78,
telephone'business of the Illinois
p. 1112.
Dayton (O.) Gas Light & Coke Co.—Irregularities-.—The Tunnel Co., under the contract recently entered into with
that company by a syndicate represented
examination of the company’s books
by Martin W.
by an expert accountant, Lin leton
of this city.
in connection with offers to purchase a
The
syndicate
has
paid
the $1,500,000
majority of the $1,250,000 capital stuck, has revealed, it is alleged, irregulari¬ due the Illinois Tunnel Co. on the purchase of its telephone
equipment and this week, it is stated, paid in the first in¬
ties oil the part of the company’s
Secretary, who, the Presi¬ stallment
of $1,500,000 on account of the funds needed for
dent being a nonagenarian and inactive, had
applied sums new const rue ion, it
being proposed to establish a system of
aggregating $200,000 or more to “legislative” and other pur¬
100.004 telephones as rapidly as possible.
poses, with the result, it is said, that there is a considerable
The contra.'t provi led f.>r the payment to the Tunnel Co. of
$1,500,000
floating debt.,although the dividends of 8% per annum have for its telephone
equip n * tit ao.i an animal rental of $5 for each
been mure than earned.
The following board was elected in service, a 1 r'*q li-e; ih-.* establishment of a system of 28.000 telephone
telephones
—
i
on
by the end of the
Jan. 14:
A.'McMahon,
H. C. (Have:;, .J. K. "McIntyre. John
Corwin, R. K. Dickey Jr., \V. K: Callahan, O.
hart. — V. 80, p. 1114.
1.
C. B. Oglesby, I). B.
Guuckel, \V. B. Geb-
Dominion Coal Co.—Xev Directors.—(4. II.
Duggan and
Forgie, respectivt'ly Assistant General Manager and
Superintendent of Mines, have been elected directors, to
succeed Sir William Van Horne and F. S.
Pearson, resigned.
V. 8.4, p. 1478.
C. II,
—
Fairmont
Coal 'Co —Dividend Increase.—This
company,
$(>,001,200 of whose $ 2 000,000 capital stock is owned by
the Consolidation Co a Co. of Maryland (which see
above),
has declared a dividend of 4%, payable Feb. 12,
making
with the 1 %% which was paid June 5,
1900, a total for the
year 1900 of 41*0%, contrasting with 2% paid in
the entire year 1905, with 4% paid for 1904 and
Report.—For calendar
Cal.
Year.
15)06
Gross
Total
Earnings.
Not
15)05 ..$8,518,674
1004
_
Xcw
8.754,152
yet
years
Feb. 1906 for
2% for 1904.
(Dec. 1906 estimated):
Chanjes,
Available
for Dir.
AYt.
i'he.
reported
$1,071,581
$ 50 6,05)7
8 7 2,8 1 6
542,602
648,085
$068,418
1,186,587
Director.—George A.
Dividend
Declared.
Balance,
Surplus.
(4 4>540.000 $581,581
( 2%) 240.000
182,816
(3%>360,000
von
President, Bertram G. Work;
Vice-President, F. II. Mason; Second
Vice-President. II. 14. Raymond; Secretary, F. C. Shaw; General Manager,
C. B. Raymond; Superintendent. G. <\ Goodrich.—V. 82, p. 573.
Gottlieb-Bauernschmidt-Straus Browing Co., Baltimore.
—Plan for concerting $4,500,000 5% I/iconic Honda into
$4,000,000 4% Second Mortgage Honda. — With the
approval
of tip* lnunag-'immt, a plan has boon formulated
inviting
holders of income bonds to exchange same for an
equal
amount of second mortgage 4% bonds,
upon subscribing at
70 for an.amount of 4% second mortgage' bonds
equal to
about 25% of their holdings.
The plan is withheld
its approval by 1 ho income bondholders, but
45 Wall Street, New York, who makes a
company's securities',
pending
Edgar G, Young,
specialty of the
says:
\
There arc $3,232.0 in income bonds held by the public—the remainder
being owned by the company.
This pi m will Increase the working capital
by .about $5on,o<io.
The money 1; require i to secure new properties which
will materially increase tin* earning power of the company.
Since the new
management took charge of tn<* a'Talrs of tin* company. Its business has been
profitable, the net earnings of the year ending Feb. 28 1006 being almoe
Rouble those of three years ago.
The company's protits on Its present
output are equal to twice ihc interest charges on the new; second mortgage
bond issue of $4,‘>o > ,'V.M).
On tie’ bas:- of the present market price of the
Incomes, the cost of the new second 4% bonds is about 40.
There are $5,625.one lirst mortgage 4 "i» bonds, due 15)51, with annual
sinking'fund of $25,non.
For the pas* two years the semi-annual dividend
on the income bonds lias been at the rate of 3% per annum.
In 15)04-05
the surplus earnings amounted to tis t
and in 1005-06 to 10%% on the
incomes.
During that oei!od $2!o.ono has been paid in dividends to the
Income bondholders, and a'most double tills sum lias been spent in better¬
ments and improvements.
Capital stock, $5,000,000.
V.
1215;
V. 88.
p.
754.
Compare
82,
Great Western Power Co.—Reported Deal.—See Pacific Gas
Electric Go. under “Railroads" above.—V. 84,
p. 1414, 972.
Home Telephone & Telegraph Co. of Los Angeles, Cal.—
Increase in Rates.—This company announces .orT in crease of
nearly 25% in its charge for business telephones, namely
from $4 25 to $5 25 a month.
It is stated that when the
$4 25 rate was fixed, the company had only 4,000
telephones;
now there are 25,000, and it is well known that the cost of
International Harvester
Co.—Announcement.—President
Cyrus H. McCormick has made
a
statement to the stock¬
holders in connection wHli the classification of the
stock:
capital
,
Although the properties acquired at orgiulzaMon, iuclu'bn r a cash work¬
ing capital of $60,000,on.u and excluding ab n *o.v lives for good-will, were
appraised by Independent appraisers at a va:ne in excess of $120,000,01)0,
it was decided to limit the sccnritic ; isse ‘ l : o & 120. > )0 .non o: common stcok
(there being no bonded debt),.'in or 1 *r that the
company might be upon a
iirm financial foundation from t!v outset.
After careful
consider.itio
and
after consultation
with
Important In¬
terests in the company, the board of d’.rectors h iv»* determined t hat it would
be to the interest of all the stockholders to divide the stock issue of
$120,-
000,000 into two classes of s‘o°k of $68.non.non each, one class being com¬
mon
stock and the other class being 7%came.alive preferred stock,
pre¬
ferred bo h as to divider, v and assets.
Linder the changed eaoltalizatlon. each stockholder-will receive one share
of preferred stock and o.ie share of common stock for
every two shares of
existing stock.
283,5)35
Lingen has been elected a
director to succeed Mr. Walter G. Oakman, of New York,
resigned.—V. 84, p. 1594.
(B. F.) Goodrich Rubber Co., Akron, Ohio.—Xcw Officers.
—George T. Perkins having declined re-election on account
of failing health, the following officers were elected at the
annual meeting on Feb. 9:
p.
hr**t vear (there being, it is said, less than 6,000
telephones
in operation) an ! t no in t illation of 10,000 additional
telephones yearly
after.Jan. 1 1 )') S ti't Liu > ,o ).) a e in u ;e.
Roland R. Conklin will probably
lie President. E. L.. 4 truer, Vice-President, and Louis
Duncan. Consulting
Engineer.
E. L. Barber of ! idlana and J. G. Powers of Louisville,
Ky.,
who are promineu 1,; I leenied with the indewende it
telephone movement.
a,-e largely Interested in the
enterprise.
Compare Automatic Electric Co.
in V. 84. p. 54.
now
The net earnings
for the las'
four years (after setting aside reserves for
>) have been as follows;
depreciation, &c., aggregating $ 4,5ns),<)i>
15)03
1004
$5,611,181
15)05
5,701),712 ; 15)06 (partly estimated)
,
.
$7,501,585
8,622,440
Total for four years
$27,474,924
Of these earnings only $18,000,000 have been applied to the
payment of
dividends, the dividend rate having been 3% for the lirst year and 4% for the
succeeding years.
The balance of tin; earnings, amounting to $9,474,923,
lias been carried to surplus and expended in enlarging the facilities of the
company.
These expenditures should result In increased earnings.
It is
therefore expected that the company wUl be able to maintain the payment of
regular quarterly dividends on its 560.0D0.000 of preferred stock at the rate
of 7% per annum, and also to pay dividends on the common
stock, which
should increase as the earnings increase.
The new preferred stock will carry dividends from Feb. 15 1907.
The
directors believe tiiat In the preferred stock the stockholders will have a
safe 7'% Investment, and that the common stock, which from tlie outset
will represent actual assets having a value
materially in excess of the par
value of the stock, will grow more valuable as the business of the
company
Increases.”
Tiio voting trustees, George W. Perkins, Charles
Deering
and Cyrus H. MeConn’ck, announee that they have sur¬
rendered the stock deposited with them under the voting
trust agreement
certificates will
will be
p.
<vf Aug. 14 1902, and that interim voting trust
soon
be issued for the
new
s'curities.
'-These
exchanged later for lib' engraved certificates. — V. 84,
106.
International Silver Co.—Xcw Officers.—First Vice-Presi¬
dent Gcoig“ H. W ilcox has been elected President to succeed
1 lb' hale Samuel Dodd and Second Yiee-Pres <it nt.
George
C. Edwards-of Bridgeport has been made1 First V i(“-Pr; s-dent
i<>
fill the vacancy caused by Mr. Wilcox’s
promotion.
Charles A. Hamilton of New York has been elected Second
Vice-President and C. H. Tibbies of Wallingford Third YieePres'dent.—V’. 82, p. 10 14.
Iola Portland Cement Co.—S o North American Portland
Cement Co. below and in V. 84, p. 1416. — V. 84,
j). 1351).
Ithaca (N. Y.) Water-Works Co.—Appraisal of Plant
Preparatory to Purchase by City.—Sex' Ithaca (N. Y.) in
“State and City Department” on another page.
Jenkins Steamship Co.—Honda Offered.—Sec
Chicago Nav- c
igation Co. above.
Lamb-Fish Lumber Co., Memphis, Tenn.—Consolidation —
Mortgage.—This
company,
the laws of Now
Jersey
on
which was incorporated under
Aug. 14 1906, with 81,500,000
capital stock, in shares of $100 each, and absorbed the
Bacon-Nolan Hardware Co. and tlie* Guirl-Stovcr Lumber
JAN. 19
1 63
the chronicle.
1907.J
dividend of 1.%%, the same amount as paid last
filed at Memphis, Tenn.; a mortgage to the First terly
October.
The rate prior to the suspension last July on ac¬
Trust A Savings Bank of Chicago,.as trustee, to secure an
count of the earthquake was 7% per annum.
issue of SI,500,000 ‘‘first purchase money mortgage bonds.”
Earnings, &c.—See Pacific Telephone A Telegraph Co.
The bonds will cover all property of the company, which con¬
below.—V. 84, p. 54.
sists of large holdings of timber lands in Panola County,
Pacific (Bell) Telephone & Telegraph Co .—Ponds Offered.—
Quitman County and Tallahatchie County, Mississippi,
cut timber, saw mills, Ac.
Scott Brown, South Bend, Ind., N. W. Halsey A Co., New York, Chicago, Philadelphia and
Co., has
for the company.
San Franc.’sco,. are offering at 10232 and interest $3,000,000
Lawyers’ Mortgage Co., New York.—Report.—See “An¬ “lust mortgage and collateral trust” 5% sinking fund 30year gold bonds of $1,000 each (c.* A r.), dated Jan. 2 1907
nual Reports” on a preceding page.
New Directors.—Theodore C. Camp, Franklin B. Lord and due Jan. 2 1937, but subject to call at 110 Jan. 2 1922 or
Interest payable Jan. 2
and A. Henry Mosle have been elected directors, to succeed on any interest date thereafter.
and July 2 at the Mercantile Trust Co. of San Francisco,
Emory McClintock, W. W. Richards and Henry Rogers-'Wintrustee, or United States Mortgage A Tiust Co., New York.
throp.—V. S3, p. 210.
Abstract of Letter from President Henry T. Scott, San Francisco, Jan. 4 1007.
Lehigh Portland Cement Co., Allentown, Pa.—New Stock.
Organization.—This company was organized (Dec. 31 1906.—Ed.) under
—This Pennsylvania corporation has filed a certificate of in¬ the laws of California with an authorized capital’of $50,000,000, divided
into $32,000,ooo preferred and $18,000,000 common stock ipar-of shares,
crease of
capital stock from .$3,705,350 to $3,793,850. $100 each. -Kd.). Of this amount, it is.proposed to Issue at present $18,000,000 common and S18.ooo.ooo preferred stock, of which $17,000,000
Compare North American Portland Cement- Co. below.
common and $17,000,000 prclerred Is to be Issued in exchange for the out¬
Mackay Companies.—Preferred Stock Offered.—Harvey standing stock of the l'acitie States Telephone tv Telegraph. Co. (V. 83. p.
141CO, and $1,000,000 common and $1,000,000 preferred stock issued for
Fisk A Sons, New York, an* offering at 71 to and interest
.additional 'working capital.
This will leave a balance of $14,000,000 pre¬
$500,000 4% preferred stock; interest payable quarterly ferred stock unissued in the treasury. The company owns the entire plant
and
real
estate formerly belonging lo the Paciiic .States Telephone & Tele¬
January, Ac., being part of the authorized issue of 850.000.graph Co. in the city and county of San Francisco. It also owns a majority
000 preferred, of which $9,354,400 was in the treasury on
of tin* capital stock of that' .company, and expects to acquire the balance
Feb. 1 1906, but has since all been issued'to pay for stock of outstanding through the issuance of its preferred ami common shares re¬
for that purpose.
Tin* company is operating under lease the prop-.
cable, telephone and telegraph companies.
The company served
('r;iesof the Pacific States Telephone Ac Telegraph Co. in Washington and
Oregon, and the properties, of the Sunset Telephone Ac Telegraph Co. In
now owns the whole or part of the capital stock of more than
and Washington.
75 of such corporations.
Of the $50,000,000 common stock, California
Hoads.—The company has a total authorized Issue of $35,000,000 ‘Mirst
S41.3SO.OOO is outstanding, no common stock having been mortgage and collateral trust" 5% gold bonds, of which there are to be
issued to provide for present requirements $10,000,000. The proceeds of
issued during the past two years.-—V. S3, p. 821.
this Issue of $10,000,000 w ih be used for the reconstruction and extension of
toll line; and the general reconstruction of exchange plants, and to reim¬
Mesaba Steamship Co.—Ponds Offered.—See Chicago Nav¬
burse the company for expenditures already made for these purposes. The
igation Co. above. — V. S3, p. 497, 894.
improvements and extensions referred to include the enlargement and
betterment of exchange plants 7 including underground conduits, under¬
Monongahela Elver Consolidated Coal & Coke Co.—Report. ground
cables, ami Improved switchboards, at the following exchanges:
—See “Annual Reports” on a preceding page.
San Francisco, Oakland, l.os Angeles, Seattle. Port land. Ta¬
coma,
Spokane, San Diego, Santa Barbara, Riverside, Bakers¬
New Directors.
David B. Oliver, J. Dennison Lyon and
field, Pasadena, Fresno, Stockton, Sacramento. Eureka. Walla
D. Leet Wilson have been elected directors.succeeding W. R.
Walia, Everett, Bellingham, Baker City, Reno, San Jose and
sixty-two smaller exchanges.
Woodford, M. II. Taylor and R. H. Boggs.—V. 84, p. 106.
The trust deed provides that of the remaining $25,000,000 bonds, $22,Niagara Falls Power Co.—New Debentures.—Shareholders 000,000 shall be issuable only to cover actual expenditures on plant and
improvements, but at no time shall the amount of bonds Issued exceed an
oLrecord Jan. 12 an* offered tlx* privilege of subscribing at
amount equal to 85% of such expenditures, nor shall they be Issued to pro¬
90 on or before Jan. 31 for a new issue, Series C, of Canadian- vide for repairs. The residue of $3,000,000 bonds are reserved to provide
for the redemption, of tlx* entire present bond Issues of the Sunset Tele¬
collateral 6% debentures to the amount of $1,500,000 (total
phone Ac Telegraph Co., consisting of $750,000 first, mortgage 6% bonds,
issue limited to $5,000,000), dated Nov. 1 1906 and due
due July 1 1013, and $2.250.000 eonsolidatd mortgage 5% bonds,
due
Oct. 1 15)20. redeemable at 105 on Oct. 1 1013 or any Interest date there¬
Nov. 1 1914, but subject to call Oct. 1 1911.
Subscrip¬ after.
tions are payable 50% March 4 1907 and 50% June 4 1907,
The new bonds are an absolute first mortgage on the entire plant and
real estate of the company In the city and county of San Francisco.
It Is
or optionally in full March 4. — V. 83, p. 159.
1
also a first lien (through the deposit of all of the acquired capital stock and
lease) upon the remaining property which has been operated by the
Nipissing Mines Co.—New Interests in Operating Company. by
Pacific States Telephone & Telegraph Co., Including practically the entire
—The directors of the Nipissing Mining Co., Limited, tin*
Bell telephone system in the State of Oregon and the eastern half of the
State of Washington.
It Is also a collateral and refunding lien on all of the
operating eomparw of the Nipissing Mines Co., on Wednes¬ Issued
capital stock of the Sunset Telephone & Telegraph Co., subject only
day elected Samuel Newhouse President and a director to to the outstanding bonds of that company, 'flic above companies own a
succeed Captain Do Lamar, who resigned. *The board was large amount of valuable real estate and rights of way over private propert y
franchises In practically all the large exchanges In which they operate,
enlarged by the addition of Lyman B. Kendall of Eugene also
and In over 100 smaller exchanges.
Including the proceeds of the sale of
the
$10,000,000
bonds, and deducting $ 1,500,000 for "lire loss" in San Fran¬
Meyer Jr. A Co., New York, and W. B. Thompson of
but not Including franchises and good-will, the total cash Invested In
Hayden, Stone A Co., Boston and New York. Mr. Meyer cisco,
the properties of the new company will be $38,706,000.
is quoted:
The trust deed provides for a sinking fund, to begin at the expiration of
is attorney
—
We regard the property as ha vine: trreat possibilities but It will
time to develop them.
We do not look for very great production or
earnings In the Immediate future.—V. 83, p. 1505.
North
American
Portland
Cement
purchased
Co.—Status of Con-
trollin'] Companies.—The “Philadelphia Financial
of Dec. 5 has the following
?&% of
the fifth year after the Issuance of the bonds, of an amount equal to
the amount of bonds outstanding, which must be Invested in these bonds
if they can be bought in the open market at 110 or lower: bonds
to remain alive in the sinking fund and the accrued Interest thereon to be
Tills sinking fund is calculated
added to the amount of the sinking fund.
to he sufficient to retire 30% of the Issue at maturity.
take
large
Bulletin”
Statement of Earnings of the
(compare V. S3, p. 1416):
estimated.)
The six cement companies which have united In forming the $10,000,000
North American Portland Cement Co. province over 25,000,000 barrels of
cement per annum, or nearly 70% of the total annual production of Port¬
land cement in this country.
The companies
are the Atlas and
dross revenue
Operating
involved
the American and Lehlph
companies of Lehigh County, and the Vulcanite and Alpha companies of
Lawrence companies of Northampton County;
New .Jersey.'
The capitalization
annua!
1324)
p.
Lehigh-.
Alpha (sec separate statement below j
American (V. 83, p. lloo>
Vulcanite (sec separate statement
Lawrence (V. 70. p. 2700)
below)
Capitalization. Barrels, yearly.
12.000,000
$15,000,000
4,000,000
5,000,000
2,000,000
4,000,000
1,500,000
2,025,000
-1,500,000
i,500,000
1.000,000
l*.000,000
tiie second
or
third largest producer ..with an estimated output
157.500
$1,760,469
$1,190,530
$1,442,500
on
bonded debt
Included the entire year’s Interest on the $10,000,000
proposed to be Issued, although it Is not expected that the entire
in tills amount Is
now
An annual
appropriation is made from earnings and
charged to operating
Is placed
expenses equal to 10% of the value of tlie property, which amount
to the credit of maintenance and reconstruction account.
Actual
tures for maintenance and reconstruction during tin* three years ending
Dee. 31 1906, included In operating expenses, amounted to $7,734,823,
which Is equal to34 }A% of the gross earnings forthls period.
expendi¬
Dividend Declared by Old Company.—See Pacific States
Telephone A Telegraph Co. above. — V. 84, p. 51.
Pennsylvania Steel Go .—Consolidation Rumors.—Reports
which are generally believed to have a foundation in fact
are current
that plans for consolidation with the Cambria
Steel Co. have been under consideration; but how far the
negotiations, if any, have progressed, has not been made
public.—V. 82, p. 1 100.
Pittsburgh-Buffalo Company, Pittsburgh, Pa.—Retire¬
ment of Ponds.—Touching the recent reduction in tlx* bonded
debt, the following is of interest:
of over
The actual number of-bonds outstanding Is $1,303,000, and $200,000 are
still in the hands orthe Union Trust Do. of Pittsburgh, trustee, to be
for the purchase of additional coal lands or for
lands already owned; $100,000 ol the bonds bad been redeemed
can¬
celled previous to the sale of the 4.000 acres of coal
to
Uo., which is a subsidiary of the Jones Ac Laoghlln Steel Do., ami at the time
of the sale $1.397,000 additional of the bonds was
paid and
These last were bought by the Union Trust Uo. for cash from tlie Jones
interests, who purchased a large number from outside holders at
Compare V. S3, p. 1595.
Issued
additional equipment X>r
and
lands
the Vesta Coal
canceled.
For the year 1901
fixed charges as re¬
Deal.
Telegraph Co.—Divi¬
on Jan. 15 a quar¬
6.400.000
$2,100,000
*657,500
ing.
—Negotiations, it is understood, are pending for amalgama¬
tion with tlx* Great Western Power.—V. 83, p. 1229.
Pacific States (Bell) Telephone &
dends Resumed.—The company paid
6.077,594
$1,648,030
157,500
with 1905, Is due to condi¬
the lire, the l’acilie States
Telephone A: Telegraph do. had in San Francisco over 52,000 subscribers.
After the lire, it began business with 2,500 subscribers.
The total number
01 subscribers in San Francisco Dew 20 was over 22,000 and steadily grow¬
1905: Net earnings, $266,018; bond in¬
ported in June 1902 wer6 $107,350.—V. 75, p. 80.
Pacific Gas & Electric Co., San Francisco.—Reported
5,966,101
be issued during this year.
The loss of r‘net revenue” In 1906, compared
tions incident to the lire of last April.
Before
block of tire first consolidated mortgage 5% gold bonds,
dated Aug. 13 1897 and due Aug. 13 1917 (the only prior
lien being $300,000 of 6% bonds due in 1914), report for
terest, $114,542; net profits, $151,476.
the net earnings were $185,666 and the
In¬
amount will
Offered—Earnings.—MilColston A Co., Baltimore, who are offering for salt* a
the calendar year
$8,500,000
$1,917,969
*
Omaha (Neb.) Gas Co .—Ponds
son,
1907 test.)
$7,725,624
$1,846,522
157.500
bonds
per annum,
Eroduees
about
800.000and
barrels
its new plants,
now
ulluing at
Pittsburgh
Buffington,
111., but
are when
it will loom
in operation,
up as
1906.
$7,884,071
.
-
-
1905.
$6,824,506
Net revenue available
for dividends
.$1,689,022
$25,425,000
25.000,000
production of Portland cement in tlie United States in 1005
was 35,240,000 barrels, of which the aloresaid six companies produced
about 25,000,000 barrels.
This year the total production of the country
will probably aggregate between 40,000,000 and 45.000,000 barrels, and
the individual output of the six companies named will have Increased pro¬
portionately over the futures given.
There are only three other companies in the country'which now produce
over 1 .ooo.Oho barrels of cement yearly, these being the Iola (Kansas)
Company (V. 83, p. 1350), 2,250,000 barrels; the Whitehall Company
(V. so, p. 717>, 1,100.000 barrels, and the Edison Company (see that com¬
pany above and In V. 81, p. 616), 1,200,000 barrels.
The Coplay and
Dexter (V. so, p. 2401) companies produce about 000,000 barrels each.
One company, the Universal Portland Cement Co., which is owned by
the United Stales Steel Corporation (see Universal Company below), now
TotaL
The total
expenses.
1904.
cluding matnt. & taxes. 4.977.984
Inter,
(Including bonds as well as stocks) and the average
production of these companies, based on ligures furnished recently,
follow:
Company.
Atlas (V. 82,
Combined Companies (December 1906 Partly
104.
Phoenix Consolidated
1
ses.smcnt__of 81 50
per
Copper
Qo-,—Assessment.—An
share has been called,
as-
payable Jan. 25.
JG4
THE CHRONICLE
This makes the stock $13 50 per $25 share paid.
Outstand¬
ing stock, $2,500,000.—V. 72, p. 441.
Pittsburgh Reduction Co.—New Name.—The company's
name has been changed,
under the laws of Pennsylvania, to
the Aluminum Company of America,
taking effect Jan. 1
1907.
The change is solely one of name, and Is made in order to Indicate the
The capitai stock is still $.'{,800,000, in shares of
$100 each and the stockholders, directors, policy, management, officials,
&c., remain as heretofore.
The capital stock at Incorporation, Sept. 18
1888, was $20,000; it was increased on Oct. 2 1889 to $1,000,000, on Aug. 2
1900 to $1,600,000, on Feb. 16 1905 to $8,730,000, the total authorized
being $3,800,000.
The funded debt was on Jan. 4 1896 authorized to be
Increased to $230,000.
The certificate of change of name was liled Nov. 12
1906.
The company, it is understood, supplies nearly all of the
country’s
nature of the business.
output of aluminum.
Sierra
Madre
Compare V. 83,
Land
&
p.
1410, 895.
Lumber
Co.—Bonds Offered.—
Mason, Lewis & Co., Boston, Chicago and Philadelphia,
and Geo. D. Cook & Co., New York, are
offering at par and
interest by advertisement on another page $1,500,000 of
the authorized issue of $3,000,000 first
mortgage gold 0s
of $1,000 each, dated Dec. 1 1905 and
maturing $75,000
annually on Dec. 1 from 1911 to- 1930, both inclusive, but
after Dec. 1 1915 subject to call at 110 and interest on
any
interest day.
Interest payable June 1 and Dec. 1 at office
of Knickerbocker Trust
Co., New York, trustee. Sinking
fund, $1 50 per $1,000 feet stumpage on all timber cut..
As stated in the following letter, the Cananea Consolidated
Copper Co. has contracted to purchase for a term of 25 years,
at current prices, a minimum of $1,000,000 worth of lumber
yearly, yielding, it is estimated, a profit of $400,000 per
annum to the lumber
company, “which alone would more
than provide for the entire annual interest
charge of $180,000,
and the retirement of $150,000 bonds
per annum."
The
Greene Consolidated Copper Co., controlling the Cananea
Consolidated Co., is being merged in the Cananea Central,
and both will be controlled by
the ” Greene-Cole-Ryan
interests, among the largest copper-mine owners in the
United States.
(V. 83, p. 1526, 1593.) A lumber expert,
who has examined about 500 square miles of the timber,
states that this will average 11,000 feet per acre of good
yellow pine, Tree from defects, worth at least $3
per 1,000 feet, and that he is satisfied that the tract contains
“at least 1,200 square miles of timber, all told, equally as
valuable. "
Abstract of Letter from President IF. C. Greene, Dec. 28 1906.
The corporation Is organized under the laws of Connecticut.
Capital
stock, $15,000,000, of which 51% is owned by the Greene Consolidated
Copper Co.
Bond Issue, $3,000,000.
The property consists of 2,315,000
acres of rich pine timber lands in the States of Chihuahua and
Sonora,
Mexico, a tract almost as great as the State of Connecticut.
The amount
of standing pine, which. In character, is
midway between a white pine and
a yellow pine, is almost beyond
computation.
At 8,000 feet per acre as
a low average, there are 18,000,000,000 feet of lumber in, the tract.
A
railroad has been built to the mills from Tcmosachic, making a connection
with the Chihuahua & Pacific and Mexican Central railways, thereby bring¬
ing the property in close touch with the markets.
Saw-mills, having a
capacity of 500,000 feet of lumber per day, are now under construction.
The cutting and marketing of the tjmbcr will be in active operation about
Jan. 1 1907.
I estimate the annual output following Jan. 11907 as at
least 100,000,000 feet per annum.
There is a ready market for all this lumber at from $25 to $30 gold per
1,000 ft. with the Mexican cities and the enormous copper and other mining
enterprises in this vicinity, a large part of the lumber to supply which is
transported from Oregon and Washington at a cost of from $25 to $35 per
1,000.
As Chihuahua and Sonora border on the United States,and as there
is only 80 cents per 1.000 duty on mining timber,
there will be a large
demand from the United States for any surplus product.
The company has made an advantageous contract with the
properties
owned
by the Greene Consolidated Copper Co., under which the Cananea
properties take for a term of 25 years, at current prices,.a minimum of
$1,000,000 gold worth of lumber per annum for use In tin* development of
their mines.
Allowing for tin; expenses of cutting and marketing, I esti¬
mate that this single contract will net $400,000 gold profit per annum to
the lumber company.
This alone will more than provide for the annua!
Interest charge of $180,000 and tile retirement of $150,000 bonds per
annum, which bond pavments begin Jan. 1 1911.
I think it conservative
to state that we will do a lumber business of $8,000,000 gold
per annum,
and should have net earnings of at least $1,200,000 gold per annum
New York office, 24 Broad St.
Treasurer, E. J. Gates; Secretary J. II.
Martin.
Sec also V. 83, p. 496, 1095.
United Gas Improvement Co.—Reported Acquisition.—See
Northern Indiana By., also Evansville Sc Southern Indiana
Traction Co., under “Railroads."—V. 84, p. 107.
Sunset (Bell) Telephone & Telegraph Co.—lyase—New
Bon is Reserved to Retire Old Bonded Debt.—S >e Pacific Tele¬
phone Sc 'LVirwr \-iph Co. above.—V. 79,
737.
United Box Board & Paper Co.—Suit />// Protective. Com¬
mittee.—J;»hn XV. Griggs, formerly United States District
Attorney, represent mg t he committee of the objecting stock¬
holders, on .Ian. 14 filed a bill in the Chancery Court of'New
Jersey, asking for an injunction to restrain the directors
from carrying out the plan recently an-nounred under which
the equity in Hie American Slravboard stock is to be sold
to the new American Box Board Co. Vice-Chancellor
Emery
at Newark has grand ad a
preliminary stay, returnable Jan.
22.
Sidney Mil •hell. Chairman of the committee, is quoted
as saying that he would vote between 80 and
90%, of the
stock at the annual meeting on Feb. 21 in opposition to the
management.—V. 84, p. 107, 51.
p.
Universal Portland Cement Co.—Status.—This company,
incorporated in Indiana last July with 81.000,000 of author¬
ized capital stock as a subsidiary of the United States Steel
Corporation, has taken over the property and business of
the cement department of the Illinois Steel Co: and the other
cement plants of the Steel Corporation.
The new company
will continue the manufacture of Universal Portland Cement
and an extension is being built to its present plant at Buffing¬
ton, Ind.
A new plant is also being built in the Pittsburgh
district, which will be operated by this company.
The new
plants will be in operation by the summer of 1907, and will
the output from 0,500 barrels per day to about
increase
[ V (XL.
LXXXIV#
17,000 barrels.
E. M. Hagar, who'forjhe last six years has
of the cement department of the Illinois Steel
Co., is President of the new company, with offices at The
Rookery, Chicago, Ill.
Virginia & Rainy Lake Co.—Guaranteed Bonds.—See Du¬
luth Rainy Lake & Winnipeg Ry. under “Railroads" above
--V.81,p.619.
Vulcanite^Portland Cement Co., Philadelphia.—Status.—
This company, mentioned above under
heading North
American Portland Cement Co., has an authorized
capital
stock of $1,500,000, issued and paid for in cash.
No
bonded or other indebtedness beyond current bills
payable.
Capacity of mills, 1,500,000 barrels per annum. The stock
is very closely held by a few stockholders.
President, John
B. Lowber; Vice-Pres., Geo. W. Elkins; Sec. and
Treas.,
W. D. Lober.
Office, Land Title Building, Philadelphia.
been manager
—Under the name of Hincks Bros. & Co., a new
banking
firm has been formed in Connecticut to engage in a
general
bond business with securities designed wholly for the Con¬
necticut market.
While a general banking business will be
conducted, the firm will particularly devote its attention to
bonds, stocks and- commercial paper. Commodious offices
have been leased by it on the ground floor of the Court Ex¬
change Building, at 207 State Street, Bridgeport. Robert
S. Hincks, one of the partners in the new concern, has for
the past ten years been with Estabrook Sc Co. of Boston and
New York, and for the past eight years has represented that
firm in Connecticut.
He is a director of the Bridgeport Na¬
tional Bank.
William T. Hincks has been with A. W. Paige,
of Paige & Hincks, as counsel and in the active management
of the Connecticut Railway & Lighting Co.
He is a trustee
of the City Savings Bank of Bridgeport.
The New York
correspondents of Hincks Bros. &Co. will be Kissel, Kinnicutt Sc Co.
—The Western Electric Co. of
Chicago is issuing an at¬
pamphlet descriptive of its new plant at Hawthorne,
III., which is known as the “.Hawthorne Works.” The com¬
pany in the past has confined itself mainly to the manufacture
of telephone apparatus, &e., but with the completion of
these new works it is now in a position to build electric power
apparatus and switchboards for street railway service.
The pamphlet contains several interesting little articles on
“Perfect Fire Protection" and the idea of “Storing Coal
Under Water."
The pamphlet is handsomely gotten up
and printed in large clear type, and is plentifully illustrated
—A comprehensive booklet, in which the desirability of
New York City bonds as an investment figures as the sub¬
ject, has been issued by the National City Bank of New York.
It undertakes to show the superiority of the city's municipal
securities, which, it states, in coming nearest meeting the
double requirement of security and market ability, are thus
filling the place that is being so rapidly left vacant by the.
tractive
withdrawal of United States Government bonds from the
individual investment field.
Numerous tables are intro¬
The booklet is being distributed gratuitously to
duced.
all sufficiently interested to apply for it.
—Russell, Brewster & Co., bankers and brokers of Chi¬
and New York, are sending out to their trade a Dividend
Record for 1906, with range of prices and table showing
yield per cent, of about 100 principal railway and industrial
stocks.
Not onty the rate of dividends is given but the time
for opening and closing of books each quarter and date of
payment are recorded, and the range of prices for the two
years 1905 and 1906.
Altogether it is a very useful and con¬
cago
,
venient record for those interested.
—Among the calendars issued for use the new year, which
deserving of mention, are those is¬
Co. of New York, Boston, Philadel¬
phia and Montreal, and Harry B. Powell A Co., dealers in
investment securities, of Woodstock, Yt.
Messrs. Gay &
for attractiveness are
sued by E. H. Gay Sc
Co. have utilized for their calendar a Gainsborough subject,
while Sidney Watson’s painting “Among the Heather" is the
sujbeet of the calendar issued by Messrs. Powell A Co.
—The firm of Clark, Grannis A Lawrence of this city was
dissolved on the 17th inst.
A now eopartnorship has been
formed under the name of Grannis Sc Lawrence for the transaetion of a stock and bond business at the old addresses, 10
Wall Street, 18<) Montague Street, Brooklyn, and 24 Ex¬
change Place, Boston. The partners are Arthur E. Grannis,
member of the Now York Sioek Exchange; Robert C. Law¬
rence
and William C.
Langley, special.
—Wm. A. Read it Co., New York and Chicago, associated
with the Illinois Trust Sc. Savings Bank, Chicago, are offering
to conservative investors the unsold portion of $2,000,000
Philippine Government, City of Manila, sewer and water¬
4% registered gold bonds, due Jan. 2
art*
tax
free throughout the United
works construction
1937.
These bonds
States.
—Walter IT. Trumbull, well known from his many years’
association with the Boston house of E. II. Gay A Co., of
which firm lie was a member for live years, has lately or¬
ganized the firm of W. II. Trumbull A: Co.. Monks Building,
35 Congress St., Boston.
The new concern will deal in
high-grade bonds and investment securities.
—Graham Sc Co., bankers, Philadelphia, announce the
admission of E. II. Butler to membership in their firm.
Jan. 19
165
THE CHRONICLE.
1907. |
COTTON.
%\u Commercial ^iwes.
Friday Night,*January 18 1907.
CROP as indicated by our
THE MOVEMENT OF THE
COMMERCIAL EPITOME.
telegrams from the South to-night is given below. For
the week ending this evening the total receipts have reached
Friday Night, Jan. 18, 1907.
339,479 bales, against 312,936 bales last week and 311,945
Although car shortage is stilLan obstacle, especially in the bales the previous week, making the total receipts since
Northwest, and labor none too plentiful, trade continues the 1st of September 1906, 6,722,403 bales, against 5,499,755
active.
Prices of the great staples have been generally bales for the same period of 1905-6, showing an increase
about steady.
Speculation is still dormant.
since Sept. 1 1906 of 1,222,648 bales.
LARD on the spot has been stronger, owing to a further
Total.
Fri.
Thurs.
Wed.
1'ues.
Mon.
Sat.
Receipts at—
rise in the market for futures at the West, light offerings and
131
,592
11,176
a somewhat
better demand, partly for export. City is Galveston
23,945 25,027 30,794 20,185 20,465
8,109
8,109
Port Arthur
978
quoted at 9.15@9.25c. and Western 9.00c. Refined lard CorpusChristl.&c
978
has also shown an upward tendency, owing to the strength
5,746 83,894
13,070 14,312
16,937
New Orleans
19,814 23,015
566
9,534
1.898
1,385
1,939
1,940
1,806
of other provisions, though trade has continued dull.
Small Mobile
16,209
16,209
587
sales have latterly been made at 9.95c. for refined Continent, Pensacola
322
265
Jacksonville, &c.
6,776 35,695
2,658
6,353
6,273
9,342
10.75c. for South America and 11.75c. for Brazil in kegs.
Savannah
4,293
8,487
8,487
Brunswick
The market for futures at the West has been strong in the
606
2,731
230
666
268
255
706
Charleston
65
65
main, though some irregularity has been noticeable at times. Georgetown
11
,805
1,020
2,346
1,153
3,361
1 ,349
2,576
This, however, has been due mainly to realizing of profits. Wilmington
17,737
3,741
4,981
1,850
2,842
1 ,450
2,873
Norfolk
5,369
5,369
The receipts of live hogs have continued small, packers have
Newport N ews,&c
334
34
300
New York.
given support and there has been considerable commission Boston
4,610
693
1 ,933
316
649
631
388
.
.
_
■
-
-
-
-
-
=
_
..
house
•
buying.
Baltimore
DAILY CLOSING PRICES OF LARD FUTURES IN CHICAGO.
Sat.
Mon.
Tues.
Wed.
Thurs.
Fri.
January delivery.
9.40
9.25
9.20
9.37>£ 9.30
9.35
May delivery
9.42 H
9.57 H 9.55
9.50
9.55
9.42 H
July delivery
9.57 .^ 9.47
__9.47>i 9.02 Oj 9.00
9.55
has been steady with trade less active.
Export buying for shipment to the West Indies has been re¬
stricted as a result of the Jamaica earthquake. Mess is
quoted at $17 50®$18, clear $1S@$19 and family $18 50(a)
$19.
Cut meats have been irregular but the changes have
been slight as a rule.
Pickled shoulders 8(a*8)4c., pickled
hams ll^@12c. and pickled bellies, 14@10 lbs., 10*4(3)lie.
Tallow has been quiet and steady; City
@0j^c. Stearines have been fairly active and firm; oleo
and lard
10}4c. Butter has been easier with larger supplies; cream¬
ery, extras, 29c.
Cheese has been fairly active and steady;
State factory 1434c.
Eggs have been more active and firmer;
PORK
on
..
_
the spot
Western firsts, 29c.
OIL.—Cottonseed has
-
251
Philadelphia
The following shows
since Sept. 1 1906, and
New Orleans
Mobile
Pensacola-
.
Jacksonville,
Savannah
Brunswick
Charleston
Georgetown
Wilmington
advanced, owing to active cover¬
83,894 1,536,020
196,299
9,534
88,488
16,209
587
5,448
35.695 1 .175,392
122,681
8,487
121 ,024
2,731
1 ,009
65
271 ,951
1 1 .805
401,539
17,737
20,276
5,369
334
10,794
4,610
33,354
31,229
1.286
457
4,044
&c-
339,479 6,722,403 138,799 5,499,755 1,293,206
947,492
Newport News ,&e
.
Philadelphia
5.35c. i July
March
April
__
.
5.40c.! August
.
_
.
.
_
#_
$4 25(3;84 30.
with trade (plied; lake 25(5
25,.(c.; electrolytic 24340)25c. Lead has been quiet but
Spelter has been quiet ant* steady
at. G;!40.
Tin has been active and stronger: Straits 41.60c.
Iron has been more active and easier: No. 1 Northern $23 50
@$25 50, No. 2 Southern $22 25@$25.
firmer at (>.30(5dL35c.
945
46,894
3,026
45,663
3.567
125
-
Wilming’n
Norfolk
-
Ac
.
Ac
N’port N.,
All others.
339 ,479
Total this wk.
Since
1-
Sept.
43
58
1*
15
1
4
1 1
27,622
54,081
3,885
14,350
1,520
3,164
275
103
*>
18,730
9,835
•) •>
138,799
122.952
8,402
1902.
1903
1904.
1905.
51.655
40,002
4,168
14,401
1 ,581
3,4 10
4,577
35 695
•>
796
11 805
17 737
5 369
31 ,970
511
62,995
46.238
784
790
970
194
572
195
309
004
66,377
70,980
2,658
27,990
4,959
6,680
8,070
36,01 1
2,759
4,646
16,535
162 279
13,209
328
768
24,560
19,244
222,281
192,726
5,591,573
6,722 ,403 5.499,755 6,344,534 5,816 691 5,634,650
i
reach a
week ending this evening
The exports for the
total of 323,541 bales, of
which 156,263 were to Great Britain,
34,589 to France and 132,689 to the rest of the Continent.
Below are the exports' for the week and since Sept. 1 1900:
From Sept.
Week'ending .fan. IS 1907
Ex portal to
5.95c.
■
COPPER has been irregular
_
Charleston Ac
5.75c.
5.8 5 C.
5.90c.
SUGAR.—Raw has been dull and, without noteworthy
change in quotations. Centrifugal, 9G-degroos test, 334(,i
muscovado, 89-degrees test., 3(e 3 l-32e., and molasses, 89degrees test, 2:{4(3'2 2o-32e. Refined has been steady. Now
business has continued dull but there have been larger with¬
drawals on old c'oilracts.
Granulated 4.600/ 4.70c. Spices
have been in fair demand and firm.
Tons have been firm
with a fair jobbing trade.
Hops have been in fair demand
and steady.
TOBACCO.—The market for domestic leaf has born
stronger with some improvement in lAisiness.. Supplies of
leaf held by cigar manufacturers are reported light as a rule,
and then' have been rather large withdrawals from store¬
houses of late.
Havana has been fairly active and linn.
PETROLEUM lias been active and firm.
Refined, bar~
rcls, 7.50c.; bulk 4.40c. and eases H)c.
Gasoline' has been
active and firm; 89 degrees 21c. in 100-gallon drums.
Spirits
of turpentine have boon fairly active anel strong, owing to
an advance in the Southern market; local quotation 73c.
Rosin has been quiet but firm; common to good strained
275
274,902
489,362
12,648
1 .939
1906.
83 894
9 534
Savannah
pectedly weak cables from Europe, especially from Havre;
heavy foreign selling, liquidation by tired local longs, Wall
Street selling and pressure from room traders who were en¬
couraged to sell for a decline by the continued large receipts
and the dulness of the spot trade.
Of late then' has been
some recovery, owing to covering of shorts and more or loss
new buying by roasters and leading local operators, but
in the main sentiment in the trade is still bearish.
The closing prices were as follows:
.
3,410
4,577
36.437
comparison may be made with other years,
give below the totals at leading ports for six seasons:
.
early in the week, owing to unex¬
.
619
In order that
we
140 679
5.55c.; October
5.one.! November
5.70c. I December
15
,
Galveston. &e.
New Orleans.
Mobile
5.50o. (September
39,247
—
—
218,521
4,740
11 .749
4,401
Norfolk.
Rio No.
7, 0J4e. and Santos No. 4, 7‘jic. West India growths have
been quiet; fair to good, Cucuta 834@934c.
The market for
(May
333,322
53,473
7,495
44,664
1907.
5.25c.
401 ,060
11,935
47,085
6,094
147,198
8,7 15
6,770
2,385
..
Receipts at—
1.. 5.3Uo.| June
138,493
90,807
17.616
-
Total.
405,658
172,856
15,795
14,182
_
New York
Boston
Baltimore
«1006.
1907.
47,657 1 ,838,672
83,419
3,428
570
27,713
974,244
40,002
182,048
4.1 68
103,174
12,166
10,807
14,401 1 .121,522
136,129
2,468
146,403
1,566
28.148
978
Corpus Christ!,&e
Since Sep
1 1905.
This
week.
-
131,592 2,582,467
92,240
8,109
Galveston
Port Arthur
Stock.
1905-06.
Since Sep
1 1906.
This
week.
18:
Jan.
36@37e. and Newfoundland 38@40c.
COFFEE on the spot has been dull and steady.
...
the stocks to-night, compared with
1906-07.
,
domestic
February
the week’s total receipts, the total
Receipts to
Prime summer yellow
45@46c. Linseed has ruled quiet and steady; City, raw,
American seed, 42@43c\; boiled 43@44c.; Calcutta, raw,
70c.
Lard has been in light demand but firm in the main,
owing to the strength of the lard market. Prime is quoted
at ?7@79c.
Olive has advanced with offerings light and the
demand more active.
Yellow 70@75c. and green 60(5)62c.
Cocoanut has been less active but steady; Cochin 9%@10c.
and Ceylon 934@934cPeanut has been quiet and steady;
yellow 50@60c. Cod has been firm and rather more active;
January
457
last year:
ing of shorts and manipulation.
future contracts'declined
1,286
71
46,871 339,479
52,662
49 ,904
63,607
81,625
45,810
Totals this \vk
1,286
54
81
—
1 1906 to Jan. IS 1907.
Exporltd lo ¬
—
Exports
from—
Grail
Britain.. Fr'ncc
j Corp.Chris!i.An
i
New Orleans
6,967
MS.460
N, i O'.)
Galveshin
l’ort Arthur.
1
30.s6l20.7s4
-
10.015
4.356
‘
.
13.256
..
‘55.
Newport News
3.009
0.7 !o
-:.’,s3
] Baltimore
490.565 197.910;
45,175 25,9 10,
30.762 20,132;
27,503
13.250
1 13.0 16
56,1 •„*
.
13.20*
3.75
4.129
2.37!
2.1X2
9.0V!
5 S.i i
3.2!'
,
.
_
.
_
-
—
_
Total
1905-06.
-
- - -
- -
156.263 31.5X9 132,6X9
74,499 10.214
J.
_
.
.
J
•1.555
499.79X
655.492
90,32.x
lx,063
25X.5.51
5.740
4,2 IX
245.627
X2.030
99.957
29,875
1.5x4
46,719
3X.709
17.637
34.17s
18,063
150.820
'3.373
■6,0001
.
_
.
.
2f
>,
.
1 (bj
5 (> J
U. U>
1 1 .527,
49.272
8,37
2.342!
7-.....
.
_
-92.240
—
.
1
46.719
,
..
;
3*. 709
j
17.637
;
j
—
1.855
1 ,X55
•1
_.5;>5
323,5! 1 2.260,559 610,003 2,103.006 1,913.568
76.802 161.515, 1.832.754 541,331 1.573.975 3,948,060
in addition to above
exports, our telegrams to-night
of cotton on shipboard,
give us the following amounts
cleared, at the ports named.
New York.
1 157 70
T 1.5" 7
■Is," \ \
Jii .Oils
i ,5sl
.
..
Detroit
Total
4.x 10
4.X 10
Portland, Ore
.
»
52,000
1.517
1.547
397.907 1,086.4 12
99.227
28.142
97.208
40.014
100
ion
42,678'
2.:: 07
2.;>o:
Tacoma
Pembina
10*. .721
4.21
Philadelphia
Portland. Mr
j San FnuiciM'n
| Seattle
_
|
I
x4 loo
1 0,0 15
16,70'.*
..
•
.
1
.
13.200
Wilmington.
Norfolk
j New
York
Boston
|
12,353
27.503
.
Total.
606.085 1,935,864
-.-
..
i Brunswick
j Con: lest i n
1
32.M !
ntnt.
!
42.541 117.968 1.0 17.01O 282,109
•10.1X0
*,103
.
Conti-
j
France, i
.
Pensacola
1
G'tHi
Britain.
Total.
_
| Mobil'•
j Savannah
Fenundii.a
Contint at.
also
not
We add similar figures for
166
THE CHRONICLE.
On
Jan. 18 at—
Shipboard, Not Cleared for-
Great
Britain.
France
25,207
70,755
9,110
31.195
New Orleans..
Galveston
Savannah..
Charleston
Mobile
Norfolk
Germany,
,
\Forei(jn
j
28,548
19,8851
15,265
•
27,062
1
..
10,168'
I
(
4,800
500
3,000
1,200
5,5)00
12,500'
|
J
2,200
1,0001
i
New York
Other ports
:>,oou
Total 1907
Total 1900
Total 1908
Otiler
.
3,000
lo.oooi
.(118,822! 47,008) 81,710
40,099
48,321
J
1 1,0281
10,880
i
48,813
38,784;
i
FUTURES.—The highest, lowest
Coastwise.
New York the past week have been
Leavlnrj
Total.
2,066j 84.876
2:*.lor>! i78.882
-
12
2,80.0
:,8ou
i 9 ,096
1,896 j
24,10(0
816,184
282,276
,8691
2,700;
11,082
33,777
22,988
137,198
20,094
24,100
10,000
28,000
decline
measure
at
tin*
Stock
for tin*
'S
re
sustaining factors
=
jxj
^
at times.
1©
I©
...
..
..
j
._
..
.
off
off
off
off
off
off
off
off
off
off
On this basis the official
prices for a few of the grades for
the past week would be as follows:
*■
UPLANDS.
()rdlnarv
Sat.
.
9 :> r>
..
Middling
Middling
Good Middling
Middling Fair
1
Middling
Middling
Middling Fair
.
.
!)
T
45
Wed.
ues.
9 55
10 30
!() 80
1 1 56
10 20
10 70
1 1 •in
12 20
9
10
10
1 1
12
12 30
45
20
70
46
20
Thurs.
'.) 55
10 30
10 80
1 1 f>
12 30
vFri.
<) r>r>
10 30
10 80
11 5 0
12 30
.
j
...
.
9 80
!
10 f> i)
:
1 1 ().->
1 I 81
12 «J.)
.
5) 70
10 15
10 95
1 1 71
80
10 5f>
1 I 05
1 1 81
5)
12 45
9
10
10
1 1
12
co
bo
*>1
12 55
9 80
10 5 5
1 1 05
1 1 81
12 .).J
9 80
10 r> 5
1 1 05
1 1 81
12
i©
|
8 80
...1
Strict Low Mid. Tinged.
..j
Good Middling Tinged
10 30
10 34
10 70
...
8
10
10
10
70
20
24
70
8 80
10 30
10 34
10 s"
8 70
10 20
10 24
10 3 4
10 70
10 SO
8 80
10 30
The quotations for middling
upland at New York on
Jan. 18 for each of the past 32
years have been as follows:
1907
c
1906
1905
15104.
_
1903
.
10.80 l 1 899.c
12.25 i 1898
7.25 l 1897
14.1(0 1891)
8.9511895
8.31'1894
9.88'18563
i
75 • 185*2.
..
_
1902
1901
1900..
.
.
6.12! 1891.c
5.88 1185)0
7.150 1889. I
8.19 I 1888
.
..
..
5.7511887
8.06 ! 1886
9.50 188.'
7.56:1884
9.44! 1883.c
..
10.6211882
5).5)4
188 1
12.00
11.81
12.75
9.44
1
13.12
13.00
10.69)1876
V< V'
~ c-.
i-V<
J—
u-
cj
cu
i ©
I ©
i ©
S'-J
-a ~
-C
*>i -a
ts Xc
1414
14
4-
w
! ©
I
ST!
o
I
cxc
J~.
—:
i©
CA
I
>
4-*
i
:
b>
A
co
w
-a -1
35
0;
i©
!©
V *v|
-1
O:
CO
-
be
!©
——
*4 Ce
I©
4*
*—a
b bt
ce ~
O'O '
c. 01
4- 4m-i
04 04
uo
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—
~.
be
b:
14
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b—
co O'.
i
i
:
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-i
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t© r©
1©
(
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04 4-
i.
CO
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I
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4. O'
O'O'
04 0-
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4-44-4-
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CO O
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Si OS
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I
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coco
coeo
coco
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4-
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r? T§.
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s*
-j
THE VISIBLE SUPPLY OF COTTON
to-night, as made
by cable and telegraph, is as follows. Foreign stocks,
as well as the
afloat, are this week’s returns, and conse¬
quently all foreign figures are brought down to
Thursday
evening. But to make the total the complete figures for
to-night (Friday), we add the item of exports from the
United States, including in it the
exports of Friday only.
up
January 18—
1907.
Stock at Liverpool
Stock at London
Stock at Manchester
bales.
Total Great Britain stock
Stock at Hamburg
Stock at Bremen
Stock at Antwerp
Stock at Havre
Stock at Marseilles.
Stock at Barcelona
Stock at Genoa
Stock at Trieste
:
1906:
790,000
1 2,000
57,000
1,159,000
859.000
1
1 3,000
52,000
1 1 .000
360,000
216.000
.
:..
.
Total Continental stocks
1905.
,224,000
1 1 ,000
270,000
192.000
3,000
3,000
10,000
72,000
37,000
1 ,000
2.000
43,000
3,000
782.000
5,493.427 5. 140.131
ui
Liverpool stock
Manchester stock
Continental stork
American afloat for Europe
C. S. port stocks.
L. S. interior stocks
U. S. exports to-day
bales:
686,000
1
44 ,000
689 .Dili)
712.000
1 .412.000
83.000
029,000
“46,000
201,000
378,000
863.739
705.518
677.672
60.449
104.000
12,000
13.000
......
London stock
Manchester stock
Continental stock
India afloat for Europe
Egypt. Brazil, &e., afloat
Alexandria. Egypt.
Bombay, India.....
\
i.'i mv
r
46,000
245,000
279,000
828.671
482,584
43,0 88
,562.7 1 5 4,040.043
are as follows:
descriptions
,026,000
868,000
38,000
133,000
r-
593.000
629,000
534,000
63,000
678,000
577.00(1
863,73!)
705,518
25,458
828,371
464,859
43,088
10.000
173,000
75,000
44,000
180,000
245.000
200,000
83,000
46,000
201 ,000
378,000
76,000
737,000
1,141 .000
1 .384.000
Middling T'plund, Liverpool
5.86d.
Middling Cpland, Xew York
10.80c.
Egypt, Good Brown, Liverpool. 10 1 1-lRd.
Peruvian. Hough Good, Liverpool1
9.25(1-.
Broach, Fine. Liverpool.
5 1 l-16d.
Tinneveily, Good, Liverpool.
5 H d.
5.440.131
6.30d.
12.25c.
8 9-16d.
9.00d.
5 Ld.
5 9-16(1.
1 -1,000
34,000
127,000
37,000
479,000
79,000
6,000
40.000
uppi,>
.
70,000
12,000
13,000
8,000
4.056,131
uia,
4
127,000
577.000
4,352,427 4,056,131 3.722,715 3,206,043
Llverpool stock
i
25,458
745.000
557.000
947,492
721 ,646
14.993
902,100
2.000
637,000
4 * ,000
1
Total American
Liist Indian. Brazil,
Stock in
Stock In
and other
—
9,000
364,000
4,000
231,000
2,000
61 ,000
39,000
I ,63 1 ,000
■
A mvr lain
700,000
15,009
340,000
4 .000
Total European stocks
1
1,588,000
2,006,000
India cotton afloat for Europe.
1 73.000
1 80,000
American cotton afloat for Europe
902.100
557 .1)00
Egypt,Brazil.&e.,alloaf for Europe2
75,000
76,000
Stock In Alexandria.
Egypt
245,000
200.000
Stock in Bombay, India
479 .000
737,000
Stock in U. S. ports
1 ,293,206
947,192
Stock In U. S. interior towns...
677,672
72! ,646
U. S. exports to-day
60,449
14,993
Total-vi-ib]c supply
Of the above, totals of Ameri
994 .000
4 14.000
17,000
12 1 ,000
.
1904.
613,000
14,000
73,000
3,000
729,000
*
938,000
12,000
44,000
46,000
245.000
279,000
834,000
3,722,715 3,206,043
8405000
4,562,715 4,040,042
3.81d.
8.00(1.
7.25c.
7 ' d.
10.30,1.
3
15-16(1.
4 1-16(1.
14.75c.
9
5-16d
9.75(1.
7 ' -d.
7d.
10.19
10.56 I 1880
9.44 11879
9.31 i 1878.
1.06(1877
C5
—
4- 43C0C
y.
«).)
8 80
10 30
10 34
10 SO
-U (35
-t
ce
(-
i©
STAINED.
Low Middling
Middling
osc
'■&>
'.I
-(“-I
..
70
45
95
71
45
xcxo
i©
co
;
.
Good
12 30
j
GULF.
Good Ordinary..
Middling.
10 30
10 80
1 1 56
i
....
Mon.
I.©
l
.IX O
e
a
on and off
middling, as established Nov. 21 1900
by the Revision Committee, at which grades other than
middling may be dc ivered on eontraet, are as follows:
..
i©
•
A fear of floods in the
0.14 oil I Middling tinged .c. 0.12
Fully low tnid... 0.32 off Strict low mid.ting 0.46
l .50 on Low middling.
0.50 off Low mid. tinged".. 0.90
1.25 on Barely low mid
0.70 oil Strict g'd ord. ting 1.25
1.00 on Strict good ord
0.90 off Fully mid. stained 0.42
0.SS on Fully good ord
1.07 off i Middling stained.. 0.50
0.76 on (food ordinary.
1.25 off Rarely mid.stained 0.7X
0.57 on Strict g'd mid. tgd. 0.30 on Strict low m. stain 1.50
0.38 on flood mid. tinged.
Even Fully !. m. stained 1.75
Basis) Strict mid. tinged. 0.06 off Low mid. stained. 2.00
-I
4-
-
j
S'
i
:
Strict low mid.-C
ce -i
tX O
©
The rates
2.00 on
1.75 on
C! C5
cr.-.i
O) 404 co
grades in force here.
grades, which have hitherto been more or less
neglected in
the active quest for the better
descriptions. Yet, offsetting
all these factors, has been the
remarkably large movement of
the crop, greatly
exceeding that of two years ago in the season
of the high-record
yield, though it is to be borne in mind that
at that time a big
holding back movement was in progress at
the South.
To-day a small advance took place after an early
decline, due to large receipts and disappointing Liverpool ad¬
vices, prices there showing unexpected weakness.
Hut when
it was found that even the
largo quantity brought into sight
during the week failed to depress quotations,
many of the local
shorts covered, and this of itself was
sufficient to turn prices
upward. Spot cotton has been rather more active
during
the week.
Middling closed at 10.80c., showing no change
for the week.
-
»l
—
:
the flood stage for
practically its entire length. Remark¬
able activity in the
spot trade at Liverpool, too, has
been a feature, sales on one
day aggregating 18,000 bales,
while the general tone of the
spot markets at the South has
been firm with
reports of a good demand, even for the lower
Fair
__c.
Strict mid. fair
Middling fair
Barely mid. fair..
Strict (rood mid
Fully no ul mid
Good middling...
Barely good mid..
Strict middling
Middlin':
at
zzk
-ft ^
«s»
O* V«
^5
now in
the New York contract
in
gr.*q
—
controversy
Exchange has accounted
c
— n
^
C.I
I
I
Mississippi
River has likewise had some
effect, as the Government re¬
ports have shown that the river below Cairo has been above*
Low
^
CO -O
siderable quantity of cotton taken from the New York
ok is to be exported
shortly to Liverpool, have also been
Good
Low
—
©
,
st
s
—
^
-t—
940,789
803,400
080,90!
selling by Wall .street houses, which at times
has been something of a feature.
The course of the market.
however, has been irregular.
At times advances have taken
place, owing partly to a sudden upturn in
Liverpool or to
covering here in a somewhat oversold market or because of
some
momentary decrease in the movement and rumors that
the receipts in the Atlantic States are
likely soon to diminish.
A decrease in tin* Hank of
England’s rate of’discount making
matters more favorable for Lancashire, and
rumors that a
c
closing prices
follows:
23?2-c2-122^5
o-f gicB-Qa?:* 2-T2s? |
if 1
Ef ! =
v= c » i c 2 I = p
I
grrs
and those at New Orleans has not
helped matters what¬
may be the actual merits of the
progress in regard to tin* provisions of
and tin* schedule of differences between
The
2 I =>£
c
189,998
Speculation in cotton for future delivery has continued
quiet nither than otherwise, and the drift of prices has been
downward, owing mainly to largo receipts and the tendencjr,
if anything, to increase e
ropes! incites.
Current opinion hen*
in regard to the size of the
yield' has .latt erly concentrated on
something like 13,000,000 bales, but if the crop movement,
continues :u its present rate much
longer, popular opinion,'
judging from present appearances, will be inclined to raise
these figures.
In any cast* theHirge receipts have militated
against speculation more plainly than’ever, and this fact and
selling by discouraged “longs” and not a little bear
pressure
both at home and abroad have
paved the way for lower
prices. The wide disparity, between the prices of futures
here
ever
and
as
stoiK.
80,307 382,417!
21,050 144,080!
14,734 176,7781-
29,883
28,387
77.836!
[ VOL. LXXXIV.
1 1 .25
Continental imports past week have been
183,000 bale:
The above figures for 1907 show an increase over last week
of 103,803 bales, a
cess of 930,712 bales
over 1904.
exgain of 53,290 bales over 1900. an
f
1905 and a gain of 1,453,38*1
453,384 bales
over
Jan. 19
1907.]
THE CHRONICLE
AT THE INTERIOR TOWNS the movement—that is,
receipts 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 for the previous year—is set out
in detail below.
the
167
QUOTATIONS FOR MIDDLING COTTON AT OTHER
MARKETS.—Below are the closing quotations of middling
cotton at Southern and other principal cotton markets for
each day of the week:
Closing Quotations lor Middling Cotton
Week ending
Jan. 18.
Sat’dag.
Galveston
New Orleans
Mobile
Savannah
Charleston
Wilmington
Norfolk
Boston
Baltimore
.
on
Mondag. Tuesday. Wed'day. Thursd'y.
10%
10%
10%
10 9-16
10 7-16
10 9-16
10 7-16
10%
10 9-16
10
10%
10 5-16
10
10 1-16
10
10%
10%
10%
10
10 1-16
10
10 1-16
10
10%
10%
10 %
10 %
10.80
10%
10%
ib%
10
10.80
10.70
10.80
10.70
10%
10%
10
Philadelphia
11.05
10.95
Augusta
10%
Memphis
11
10 9-16
St.
Louis
Houston
10%
1 o %
Little Rock
10 1-16
>
10 5-16
10 %
10 9-16
10 1-16
Friday.
10%
10 %
10%
%
10 1-16
10
10
10 %
10.80
10%
10%
10%
11.05
10.95
11.05
11.05
10%
10%
10%
10%
10 5-16
10 5-16
10 %
10 %
10 5-16
10 %
10 %
10 5-16
10 %
10%
10 9-16
9 %
9%
10%
10 %
9%
0
%
The closing quotations to-day (Friday) at other important
Southern markets were as follows:
A GC
IJ m IC
c-
®
t ■: Ci i-1 U
O' tc 05 ■-* Oc © Co -vl
Oc CJ -4 to Cfl ro © l o .U Oe —* Oc C,i 3c fo
y C GU- M O
v I ^
O I. M O ifc M O C W ■— C IO OC O i'lCi
>c^ ® o> © oc ® ro
co
to c;i ® -vi ce io •— ® ® © oc .u co co © >— a- ® ®
0>
oo ro eo oo co I-*
C5
—
Montgomery
Nashville
Vi
b.5
lU
oi c*
bo
to
>-*
cs <i o;
05
►—
5—
co©
>—
to Mc.©coro
0‘. —
bo be
CO
to co
*es
"©
"os
©
Co
i Jan. 12.
(05>-‘Cococo.fc..U*-cn
to
oc.fc.ik.
s3te
g Or
Oecococs
’-vl ■*! to 5-5 50 -vlCT lU ccbo Co Vj bo Vj Co CO © *-* © i-* 'to to bo Co
C5 0- "io ©
OOCO®O.COCOOStO«Ui-‘®COCOC,TOtJ^COCOO.C,i®C005tOiU.CC5C4-CS5CC
50 © ©.© ,fc» to 5— CO -J CO CO 00
CO 05 50
C5 -St
Gc
CO
—
coco to
1
CJO ® •-* 5— to C5 50 50 ®
>-*
to I-* CO >— >-*•-*
50 CO to to OC 05
-Vi C_ OC ®
tOiiiMM
>
January—
Range
~
"■•c
?r 55
Closing
March'—
,0.1-5
to
'-r.
-
C-TOtO-vlCoOCCoOC-KtCT^JO*
.
Range
o
Closing
Range
Closing
July—
Range
Closing
Oc
I-*
»
c»; 0CJO©0O©‘>J©.fc..k.-4<
%
O
i
I
:
50 Js. CI Co CI >fc. Co to 00
Co Cl © ® Co
to to
® Ci ->J
® ® Ci “4 ® Ci to rfk rfj. co ® to to i—
—
I tO_r-
-4
•
® GO k. to
Co
1
“
tJ
ci
I
_
CO
: >-»
‘to
>-*
i—* ro
I
C5
—
to
*-»
it*
to
>-*
Spot
Options
s:
to
h-L
k.
I-I
to
*->
ro
to
I-* 1-1
o-
to 00
I-*
J.MMC
^l®Co^tocoeci©i-‘©»»j5.
.t,5s
-SO
.2CL
i-n-*
to © Cl
lo-«4.k.OC,k.©>-.©-4
_
.
•—
© 0. C
I
•
.
•
—
OVERLAND MOVEMENT FOR THE WEEK AND
SINCE SEPT. 1.—We give below a statement showing
the overland movement for the week and since
1,
ere as
Sept.
Friday night. The
-1006-07
Since
Week.
Sept. 1
Shipped—
.
Via St. Louis
Via Cairo
Via Rock Island
.
.
Total prross overland
Total to be deducted
a
movement
Sept. 1.
257.751
122,816
27,813
51 ,985
34 ,‘402
435,340
129,993
32,734
1,804
2,026
-.19,977
43,731
30,524
216,372
.63,199
888,694
39,680
#39,089
6,687
79,421
28,484
23,335
4,096
98,063
1,173
262
1,313
20,150
8,702
131,240
5,671
128,080
-.54,497
757,454
34,009
511 ,009
..
842
..
-.
total net overland .a
Including:
-1905-06Since
Week.
9,060
3,394
_
Deduct shipments—
Overland to N. Y., Boston, &c.
Between Interior towns
Inland, &c., from South
years
..26,938
..
Via Louisville
Via Cincinnati
Via other routes, &c
Leaving
in the last two
follows:
Januarg 18—
15,079
9,126
1.099
3,022
1 .868
9,486
145,222
9,867
by rail to Canada.
The foregoing shows the week’s net overland movement
has been 54,497 bales r against 34,009 bales for the week
last year, and that for the season to date the
aggregate
net overland exhibits an increase over a year ago of
245,545
bales.
1906-07
In
Sight and Spinners'
Takings.
Receipts at ports to Jan. 18
..
Since
Week.
Sept. 1.
.339,4 79 6,722,403
54,497
757,454
Week.
Sept. 1
138,799 5,499,755
5 1 1 ,909
34,009
47,000
.
940,000
.
46,000
218,808 6,938,664
fl7,103
586,469
.422,784
211,705
9,001,253
.107,954
a
927,000
.440,976 8,419,857
rt 18,19 2
581.396
_
1
,441 ,446
7,525,133
69,982
1
,401 ,816
Decrease during week.
Movement into sight in previous
nVefc—
1905-r-Jan.
1904—Jan.
1903—Jan.
1902—Jan.
Bales.
20.
22
23
24
1
—
145.222 1904-05—Jan. 20
244,826 1903-04—Jan. 22
289.840 1902-03—Jan. 23
266,164 1901-02—Jan. 24......
m
9.75
—
(eg
9.60
—
@
9.70
—
9.81-.87
0.75 —
c<g .81
9.76-.80
Easy.
Ba’ly s’y
Easy.
Steady.
Steady.
Steady.
Quiet.
Steady.
0.77-.79
Very sty. Steady.
Steady. Ba’ly s’y
REPORTS
BY
TELEGRAPH.—Our
Bales.
8.472,315
7,725,011
7.664,692
7,632,769
ad¬
by telegraph from the South this evening indicate that
general the weather has been favorable during the week.
The rainfall has been light quite generally where there has
been any rain at all and temperature has been
unusually
high for the season. The movement of cotton to market
continues liberal.
Galveston, Texas.—We have had rain on three days during
the week, the rainfall being fifty hundredths of an inch. The
thermometer has ranged from (36 to 74, averaging 70.
Abilene, Texas.—We have had rain on one day the past
week, to the extent of two hundredths of an inch. Average
thermometer 58, highest 82, lowest 34.
Corpus Christi, Texas.—We have had no rain during the
week.
The thermometer has averaged 72, the highest being
76 and the lowest 68.
Fort Worth, Texas.—There has been no rain
during the
week.
The thermometer has averaged 60, ranging from
40 to 80.
Palestine, Texas.—We have had
no
rain during the week,
The thermometer has ranged from 64 to 80, averaging 72.
San Antonio, Texas.—We have had no rain the past week.
Average thermometer 71, highest 85, lowest 56.
Taylor, Texas.—There has been a trace of rain on three
days during the week. The thermometer has averaged 77,
the highest being 82 and the lowest 62.
New Orleans, Louisiana.—There has been rain on one day
during the week, the precipitation reaching three hundredths
of an inch.
The thermometer has averaged 70.
Shreveport, Louisiana.—It has rained on one day of the
week, to the extent of twenty-one hundredths of an inch.
The thermometer has ranged from 53 to 79, averaging 66.
Leland, Mississippi.—There has been rain during the week,
the precipitation reaching eighty-five hundredths of an inch.
The thermometer has averaged 62, the highest being 83 and
the lowest 38.
during the week, to the extent of
seven
on
hundredths of
one
an
day
inch.
The thermometer has averaged 70, ranging from 62 to 79.
Helena, Arkansas.—We are having extraordinary weather;
trees are budding
ton in fields yet.
and flowers blooming. Considerable cot¬
We have had rain on two days during the
week, to the extent of thirteen hundredths of an inch. The
thermometer has ranged from 46 to 73, averaging 62.4.
Little Rock, Arkansas.—There has been no interruption to
picking and cotton is being marketed freely. We have had
rain on two days the past week, the rainfall reaching three
hundredths of an inch.
Average thermommeter 59, high¬
est
years:
Since Sept.
—
Vicksburg, Mississippi.—We have had rain
1905-06
Since
..
10.36
10.15-.28 10.24.33 10.14-.27 10.24-.28 10.20-.25
10.36-.37 10.16-. 17 10.31-.32 10.16-. 17 10.24-. 25 10.22-.23
in
The above totals show that the interior stocks have in¬
during the week 18,192 bales, and are to-night
43,974 bales less than at the same period last 3rear.
The
receipts at all the towns have been 133,992 bales more than
the same week last year.
made up from telegraphic reports
results for the week and since Sept. 1
•
10.27-.43 10.07-.22 10.09-. 27 10.07-.22 10.12-.22 10.12-.20
10.27-.28 10.09-. 10 10.24-.25 10.1 1-.12 10.18-. 19 10.14-.15
vices
creased
as
10.20-. 36 10.02-. 16 10.04-.21 10.05-.1S 10.11-.20 10.11-.19
10.20-.21 10.04-.05 10.19-. 20 10.08- .09 10.17-.1S 10.13-. 14
WEATHER
?? C*
©.k©Co©.u.io©©©^lr-oolo®co,kCo>— O0C©©O0Ci©C©Ci©
CO
Friday,
Jan. 18.
3 Zr.
05 © ® «4 4c Cl
® © Cl © co t o -4 © fc. I-* — GO Jo — ro >-• ® © © -4 C *4 *4 to OC Ci to 50 ©
I-110 «4 © © to to «4 to © 05. >-1 Cl k. Cl 05 ~ • • r- - - ® u ~ © •. ■*>
*• * •
I
I-* >-1
.
Range
~
I
ro’-vl CO Cl 50
c.to-4toco©*.©0®cococco05fc-ci©ci©ci0e-vt50
©C'©to05®©©©to*4CiCoioCCoCo>vJtoC‘-‘-vtto©
.
to®
I
05 C fc. ® 0* ® ®
...
->m®OAOCmO»Gi
I-11
' © © 00 t
ICC^I
5
-*
Jan. 17.
Tone—
•-> -vt i— © 00 © to ro 50 50 © -4 © C -4 CO 05 Co ,tt to k. Co 50 C< 05 © Co I
.
c- ©
50 ©
Cl C5 t
>—
Jan.16.
10.22-.34 10.05-. 15 10.08-.2M 10.08-.22 10.13-.23 10.15-.20
10.23-. 24 10.07-. 08 10.23-.24 10.10-.1 2 10.20-.21 10.15-.16
Closing
® O. to
to
Ci0e®A.®0CCi>-‘®®tO®0c®00IO^Ji-‘t0O5toCit*5O®tO®CI0^*.®*.1t.!
2
©
® *J X. Go ® CO 30 C
C1 to 50 k. Cl *«4 ® Oc 05 to Os
Co ®
I
—
October—
CO
Cl
00
Cs
Jan. 15.
Mag—
50 Cl to © Cl I—
®
O. *-> DC 35 «J to 00 © I o >-* HCl C'I 0* C1 -vt ® C. •vl ® C» —* 1-.
I 0 co ® -v] C. to CI CO c 05 Jo to I-*
Cl rj ® C © -J CO >— o ©.© -0 O. OC Cl >—> Clio IO
C C — C to co Oo <05 to CS Cl 05 -0 C Cl t O ® O C5 Jo Cl to -vl CO -vl Co
Co J-Jo
I-*
Monday, Tuesday, Wed’day, Thursd’y,
Jan. 14.
**
►-* 05
Gc © © © © © -O fc- © CC .© 00 CO © © © .© © t o -J Co © Jo
~ © ~» © © — oc ^ ©
oe .vj Cl © CO — io 05 Cl U M Co C 50 O. © © © 50 M ® •— 50 © Co X Co
to 05 to Co *4 ©
0 55 C CCXkCM C'»* O t> - M J. 0.0 5)1’
'
1 to ® or
* i rr T —
C
>fc» ®
Sat'dag,
i
to
to
ORLEANS
1
3o®«->iocoeotoO"-*c;icofoco4^®cooe>-^ec3crf5.^jo5®o50*to
>—
10%
|Shreveport
OPTION MARKET.—The highest,
closing quotations for leading options in the New
Orleans cotton market for the past week have been as follows:
"to
oc oi
-vj
cs
to h-*
"co bo be
"c co co
be "eo
© L> £. t_* be bo co "to
© C- C © Gc ^- © Co ® © ®
© -vl © M OO © ® Co Ci ® Cc © M ® © © .© © to
® to
■sicoo.c.'tto«0
9% | Raleigh
10 >4
lowest and
JJ<ii-O'«J054G00KlC»C5J0>--C>Ot0*»t\0 00t0O*.->JI'0 05C5«4“t0C0-vJ00
bo
10%
10
NEW
to
I-*
Atlanta
Columbus, Ga
76, lowest 42.
Memphis, Tennessee.—Weather cloudy and unseasonably
warm all the week.
The river is thirty-two and eight-tenths
feet on the gauge and falling.
We have had rain on four days
of the week, the precipitation reaching eight hundredths of
168
THE CHRONICLE
inch.
The thermometer has averaged G1.6, the highest
being 72.9 and the lowest 40.2.
Nashville, Tennessee.—It has rained during the week,
the rainfall being twenty-nine hundredths of an inch.
The
thermometer has averaged 61, ranging from 48 to 74.
Mobile, Alabama.—Dry all the week. Temperature ab¬
normally high in the interior the past three weeks. The
thermometer has ranged from 59 to 75, averaging 07.
Montgomery, Alabama.—No cold spell thus far this winter.
In fact the weather has been unusually warm for the time
of year.
We have had rain on one day the past week, the
rainfall being two hundredths of an inch.
Average ther¬
mometer 00, highest 79. lowest 50.
Madison, Florida.—No rain the past week. The ther¬
mometer has averaged 02, ranging from 43 to 79.
Savannah, Georgia.—It has been dry all the week. The
thermometer has averaged 05, ranging from 52 to 77.
Charleston, South Carolina.—Kain has fallen on one day
during the week, the rainfall reaching two hundredths of an
inch.
The thermometer has ranged from 52 to 78, averaging
an
04.
•
Greenwood, South Carolina.—-We have had no rain the past
week.
Average thermometer GO, highest 00, lowest 54.
Statcburg, South Carolina,—We have had light rain on one
day of tin* past week, the rainfall being two hundredths of
an inch.
The thermometer has averaged 02.5, the highest
being 78 and the lowest 44.
Charlotte, North Carolina.—We have had rain on one day
during the week, to the extent of two hundredths of an inch.
The thermometer has averaged 58, ranging from 42 to 77.
The following statement we have also received by tele¬
graph, showing the height of rivers at the ports named
at 8
a. m.
of the dates
given:
Jan. is 1007.
.Feet.
New Orleans
Memphis
Nashville
Shreveport
Vicksburg
.
.
.
.
.
...
\bovc
zero
of gauge.
Above
zero
of
Jan.
16.4
32.S
12.2
15.5
43.4
panirc.
Above zero of gauge.
Above zero of gauge.
Above zero of gauge.
i:» l!)or>.
Feet.
12.<)
18.0
20.4
13.o
31.0
INDIA COTTON MOVEMENT FROM ALL PORTS.—
^
The receipts of cotton at Bombay and the shipments from all
India ports for the week and for the season from Sept. 1 for
three years have been as follows:
January 17.
1900-07.
1905-00.
1904-03.
|
1
Receipts at —
Since
Week.
Bombay
90,000
Sept. 1
.
j
Since
I Sept. 1
.
858,000 113,000'
!
1
For the
Since
1
Week
.
j Week.
997,0<K)|1
Week.
-
Sept. 1.
7 2 5,0!) (»
79,000
Great
Conti¬
nent.
Total.
Great
Britain.
Conti¬
Tot til.
nent.
Bom bay—
1 POIi-07
11)05-00
11)04-05
2,000
24 non
37 3)00
■’4 non
37 5)00
0,000
8,000
3,000
3,000
3,000
Calcutta—
Madras—
1000-07
2,000
1005-00
2.000
3.000
2,000
2,000
1904-05..
All others—
3.U7 MOM
271 5»00
2,000
2,000
21,000
34N ()()()
293 3)00
90 5)00
81 ,000
18.(>00
9,000
!
1906-07.
M
Visible supply Jan. 11
Visible supnly Sept. 1
American in sight to Jan. 18
Total
supply.
C(:h
Season.
.
19h 5-00.
.784.1561
9,061,253!
2 11.7U5
7.525.133
113.000
7,0011
30.000
10,000
997,060
100,600
ja ,SOo .693
11,960,603
858,000
83,000
725,000
5.000
34,000
7,000
11)
1,000!
j
5,948,348 12,642,409
Deduct—
Visible
573,000
220,000
-
supply Jan. 18
'
5,493 427
Total takings 10 Jan. 18
Of which American
Of which other..
454 ,92 1
351,921
103,000
..
Embraces
a
Season.
3,4It' ,988
1
422 ,784
90 3)00
Week.
,
5,389 ,564
Bombay receipts to Jan. 17
Other India ship'ts to Jan. 17..
Alexandria receipts to Jau.l G_.
Other supply to Jan. 16.u_..
5,493,42715,440,18 1
5.440,131
7,148,9821
5,546,982 ‘
1,602
363.561
159 -hi
6.520.472
5.107.472
,i)00j 104,..'00
1,413,000
.
receipts in Europe from Brazil, Smyrna, West Indies, &c.
MEMPHIS COTTON EXCHANGE—ANNUAL ELEC¬
TION.—At the annual election for officers of the Memphis
Cotton Exchange, held on Jan. 9, the following were elected
to serve the ensuing year: President, F. M. Crump; Vice-Pres¬
idents, W. H. Kennedy, Dennis Smith, W. F. Taylor;
Treasurer, J. A. Ornbcrg. Board of directors: A. J. War¬
wick, Wm. Bowles, F. I). Farabee, Hugh M. Neely Jr., J. II.
Tunmr, R. ,s. Bryan, H. H. Reese. Mr. Henry Hotter was
unanimously re-elected Secretary by the board of directors,
a position he
has held continuously since March 15 1881.
COTTON
IN
BARBADOS.—The Manchester
“Guardian" of recent date contained the following:
(Eng.)
In the annua', report on Barbados for tlie year 1905-06 reference is made
satisiaetorj progress of the cotton-growing industry.
Ic is estimated
that in 1403 there were 2,ouo acres under this crop, and the quantity of
cotton exported was 344,232 pounds.
The prices obtained varied from
12*id. to iVd. per ib. and were remunerative.
So satisfactory has the in¬
to the
dustry proved since it was started four years ago that 3,000
acres
will prob¬
ably be plumed i.i cotton during the coming season.
Where care has been
taken with the euu.'. ation the net return has amounted to .tin or more per
acre.
At the beginning of last November the cotton-ginning factory,
whiei! belonged to the Government0-, and which was worked by a committee
oi the Agricultural Society appointed to assist tiie imperial
Department of
Agriculture In me establishment of subsidiary industries, was transferred
Barnados Co-operative Cotton Pact pry. Limited.
to the
The company
charges -’-.d. oer Ib. for ginning and baling the lint, and, owing to the in¬
crease in the cotton industry, has recently increased its capital in order to
erect a new factory of 24 gins, so as to be in a position to gin all the cotton
sent to the factory.within a reasonable time.
Fhe tot-til sales of cotton on tilt' spot each day during the
week at New York art' indicated in the following statement.
For the convenience of the reader we also add columns which
show at a glance how the market for spot and futures closed
days.
same
on
1,000
10,000
11,000
1 ,000
2.000
21 ,()00
22,000
12,000
14,000
5,000
44,000
52,000
39,000
2,000
1,000
—
2,000
6,060
1,000
4,000
29,000
44,000
9,000
19,000
-
49,000
58,000
43,000
Futures
Market
Closed.
Spot Market
Closed.
9,000
Saturday
Monday
Tuesday
Wednesday
.
Thursday
Friday
.
Steady
Steadv, 10 pts. dec.
Steady, 10 pts. adv.
Steady, 10 pts. dec.
Steady, 10 pts. adv
...
Steady
Sales
3,666
0,000
31,000
412,000
362,000
15,000
141 5)00
431,000
393,()00
156,000
Easy
Easy
Very steady.
Steady
Steady
Very Steady.
appears to show a
compared with last year in the week’s receipts of
23,000 bales. Exports from all India ports record a loss of
15,000 bales during the week and since Sept. 1 show an
increase of 38,000 bales.
—Comtelburo, Limited, of London and New York, have
issued a unique business calendar for 1907.
The pub¬
lishers truly say that “the publication is the only One of its
kind and the ‘business holiday’ feature is the most valuable
to firms
having foreign connections, as their trading is inter¬
rupted when holidays intervene, and this calendar spares
possible waste actions and allows economy in cable advices
being obviated by the calendar giving beforehand the fixture.
Trading steamers, as well as liners, may greatly benefit by
carrying a copy, so that holiday derangement of business
facilities may be known to them before reaching ports af¬
The ‘business maxims’ are a new feature (and selffected.
explanatory), and the tabular section also. The ‘glossary of
business terms’ and the tables for conversion of
weights and
moneys are such as commercial firms are in daily need of.
The cable and trunk telephone tariffs may also be counted
handy helps for any business.” The calendar can be pur¬
chased at the New York office, 10 Beaver Street.
Price SI.
JUTE BUTTS, BAGGING, &c.—With nothing done, the
market for jute bagging during the week under review has
been nominal at the following prices: 8%c. for 1 % lbs., and
9,V£c. for 2 lbs., standard grades.
3®4e. for bagging quality.
Jute butts continue dull
Con¬
tract.
Total.
.
1.666
.
COTTON
500
1.500
500
1,100
1,106
1 .530
1,310
2.100
5,446
-
1 .106
21
1 ,009
210
—
1.219
EXPORTS
OF
BRITAIN.—Below
and Contract.
of Spot
ConIVx port sum'n.
Tot al
29,000
44,000
According to the foregoing, Bombay
Cotton Takings.
and Season.
Week
23,000
20,000
decrease
at
of sight, for the like periods:
gone out
..
1000-07
1005-00
Total all—
1900-07
1905-06...
1904-05
-
M00
a glance the world’s
supply of cotton for the week and
since Sept. 1, for the last two seasons, from all sources from
which statistics are obtainable; also the takings, or amount
at
-
1000-07
1005-00
1904-05.__
1904-05
1 1
223)00
9,()00
WORLD’S SUPPLY AND TAKINGS OF COTTON.—
The following brief but comprehensive statement indicates
MARKET AND SALES AT NEW YORK.
Since September 1.
Exports from—
Britain.
[Yoy. L.XXX1V,
GOODS
2,127
-
-
-
GREAT
FROM
give the exports of cotton yarn,
goods, &c., from Great Britain for the month of December
and since Jan. 1 in 1900 and 1905, as compiled by us from
we
the British Board of Trade returns.
we have reduced the movement all to
Yarn <C- Thread}
000s
omitted.
r
Jan
Feb
March..
1906.
1905.
Lbs.
Lbs.
17,152
17.151
20.826
19,612
21.434
j
20.479:
It will be noticed that
pounds.
j
Cloth.
1900.
Yds.
571.913
493,412
573.094
1905.
Yds.
477.955
512.980
539,796
__
.
.
Total of
1906.
1905.
Lbs.
106,700
92,055
107.032
Lbs.
1
89.203
100.7421
111.667!
128.466;
j
95.739!
1906.
1
Lbs.
i
127,526!
All.
1905.
106.355
112,890
121,221
.
61.872
54.7824,639.019 1,530.740;
305,787,
285.684;
367,659;
340,466
19,203
17,447
19.963!
17.110;
470.098
501.367
503,267
85,250
107,165,
83,272.
87.734!
93,5701
104.453!
20,21 1
10,830
127.576!
105,181
113.533
93,925j
100.102;
y 1.035
56.244
54.520 1.477.685 1,474.732
275,687;
275,229! 331,93l!
329.749
July
19,37.3
107.100
107.108
90.371
95,263!
126,373!
19.981
18.027
18.238)
20,232’
17.S49:
510.440|
August.
104,572!
98,339!
127,089
108,398'
113.501
124,804
116.188
57,381
19,873
56.319:1,632.012 1,597.675
509.733
509,948
22,151
304.479i
298,174!
361,860
95.140
95,131'
115.013!
19.755
18.786
19,805;
20,954;
93,660'
98.940!
113.415
1st qr.
April..
May
June
.
...
..
2d qr.
Sept
—
3d qr.
Oct
Nov
Dec
...
4th qr.
Tot.
456,940
574,405
446.340
573.5281
574,097
484.387;
502.020
500.611
560.318;
526.917;
530.139
553.765
58.414' 62,910 1.512.579 1.593.637
yr. 233.911
297,422'
281.197
228,531.6,261.295 6,196.784 1 .168.150 1 156.509j 1
,
Stockings and socks.
Sundry articles
Total exports
93,397j 103.351! 112,183!
of cotton manufactures
354,493
117,282
118.745
124.305
340.611; 360.332
.402.061;!.385.040
1,024
861
44.80S;
39.863
jl.447.893fl.425,764
Jan. 19
1907.]
THE CHRONICLE
The foregoing shows that there has been
exported from
the United Kingdom during the twelve months
1,447,893,000
lbs. of manufactured cotton, against
1,425,764,000 lbs. last
year, or an increase of 22,129,000 lbs.
A further matter of interest is the destination of these
169
Total bales
GALVESTON—To Liverpool—Jan. 10—Montauk Point, 12,644
Jan. 11—Imaum, 5,383
Jan. 12—Benedict. 7,248...
Jan. 14—Inkum, 10,111.... Jan.
16—Custodian, 22,580..
57,966
To Manchester—Jan. 11.—Domingo de
Larrinaga, 10,494.... 10,494
To
.
Havre—Jan. 10—Monad nock, 6.967
To Bremen—Jan. 14—Queen, 13.986
ex¬
ports, iind we have therefore prepared the following state¬
ments, showing the amounts taken by the principal countries
during December and since Jan. 1 in each of the last three
...
.
P i ccc Goods—Yards.
...
Jan
1
(000s omitted.)
1906.
East Indies
1905.
1901.
1906.
to
Dec.
1904
220,791 256,68s 2 10,227 2,712,923 2,765,873 2,500,088
78,050
70.344 83.721 1,007,724
926.600
901.988
56.011
83,043 76.764
757,712
928.457
594.448
24,195 24,251 21.646
308.826
281.538
266,667
54,835 52.137 57.060
611.430
547.933
567,497
32.410 32.136 37,480
327.518
309.155
319,871
34.313 35,97 7 32,820
475.162
437.228
384.353
Turkey, Egypt and Africa..
China and Japan
Europe (except Turkey)
*
South America
North America
All other countries
--
Total yards
Total value
500,611 555.181 560,718 6,261.295 6,196.784 5,591.822
£6.207 £6.33!) £6,346
£75,394
£70,821
£64,078
Yarns—Lbs.
(001 )s omitted.)
Holland
3,206
3.599
2,752
3,211
7 73
999
1,794
2,985
3,332
2.712
4,982
1,090
1.584
2,173
3.300
3.663
39,753
2.540
2,078
2,044
1,933
31.043
39.861
11.864
18.893
24,945
10.334
£ 1,008
IS.588
16.061
£878
iermany
Oth.Eurjpe(exeept Turkey;
East Indies
China and Japan
.
Turkey and Egypt
All other countries
Total lbs
Total value
£976
37.441
39,514
28.382
4 1,513
12,511
21,770
23.970
29,384
40,295
207.373
205,601
163.901
£ 11.836
£ 10,319
£8,955
41.014
448
23.598
27,600
3,138
18.634
21,252
R EC EIPTS
COTTON.—Through
11.841
.......
..
_
.
.
......
To
To
To
To
To
To
To
To
.
.
17,415
.
Hamburg—Jan. 18=—Llchtenfels, 969.
969
Reval—Jan. 14—Ludgate, 400
.Jan. IS—Llchtenfels, 307
707
Norrkoplng—Jan. IS—Llchtenfels, 163
163
Mai mo—Jan. IS—Llchtenfels, 100
100
Barcelona—Jan. 14—Hermine, 5,567
5,567
Trieste—Jan. 14—Hermine, 1.94U
1,941
Flume—Jan. 14—Hermine. 391
391
Venice—Jan. 14
Hermine, 50
50
BRUNSWICK—To Liverpool—Jan. 12—Burrstield, 13,256.
13,256
WILMINGTON—To Liverpool—Jan. 15—England. 13,200
13,200
NORFOLK—To Hamburg—Jan. 11—Albano, 309
Jan. 12
Crane, 46
•
355
BOSTON—To Liverpool—Jan. 14—Carpathia, 3.135;
Sachem, 632
....Jan. 17—Cymric, 2,943
6,710
To Rotterdam—-Jan. 8—Florence, 250
250
To Genoa—Jan. 11— Canopic, 1,830.
1,830
To Yarmouth—Jan. 2—Boston, 294.
294
BALTIMORE—To Liverpool—Jan. 11 — Vedamorc, 2,583
2.583
To Bremen—Jan. 11—Main, 3,1481..
3,148
...
.
—
—
.
.
.
..
.
To
Hamburg—Jan. 12—Batavia, 100
Japan—Jan. 17—Coptic, 2,565.
TACOMA—To Japan—Jan. 11—Trcmont, 4,810
SHI P M E NTS T O F
made with Messrs.
arrangements
shipments for the past week and for the corresponding week
of the previous two years:
Alexandria, Egypt,
January 16.
1906-07.
jj
1
190 5-06.
1904-05.
8,109
10,015
PENSACOLA—To Havre—Jan. 12—Cycle. 4,356
4,356
To Bremen—Jan. 14—August Belmont, 12,358
12,353
SAVANNAH—To Gottenburg—Jan. 18—Llchtenfels, 200
200
To .Bremen—Jan. 14—Ludgate, 5.574
Jan. IS—Llchtenfels,
AXD
Choremi, Benachi & Co., of Liverpool and Alexandria, we
receive a weekly cable of the movements of cotton at
Alexandria, Egypt.
The following are the receipts and
252
9,275
.
.
ioo
SAN FRANCISCO—To
A LE X A N D RIA
5,975
...
.
PORT ARTHUR—To Liverpool—Jan. 17—Roscbank, 8,109
MOBILE—To Liverpool—Jan. 15—^Planet Mars, 10,015.
31.
1905.
.
_
c.
December.
27,039
_
...
9,275
years.
<
6,967
Jan. 16—Harperlev,
13.053
To Hamburg—Jan. 12—Ethelstan, 3.000.
.Jan. 15— Harlvn,
2,975
To Rotterdam—Jan. 10—Lord Dui'ferin. 252
To Genoa—Jan. 14—Citta dl Palermo.
2,565
4,810
Total
323,541
The particulars of the foregoing
shipments for the week,
arranged in our usual form, (ire'as follows:
Grnit French
Uer—Oth.Europe— Mex-.
Britain,
ports, many.
North. South.
Ac. Japan.
Total.
New York-.... 3,069
2,482
’
3,329
800
9,680
New Orleans
.30,861 20,784 22,891
2,950
6,970
84.456
Galveston
68,460
6,967 33,014
252
9,275
1 17,968
Port Arthur
8,109
1
8,109
Mobile
10,015
10,015
Pensacola
4,356 12,353
16.709
Savannah
IS,384
1,170
7,949
27,503
Brunswick
...13,256
13,256
Wilmington.... 13,200
13,200
Norfolk
355
355
Boston
6,710
250 '1,830
294
9,084
Baltimore
2,583
3,248
5,831
San®Francisco..
_t._
2.565
2,565
Tacoma
4,810
4,810
.
.
.
.
.
.
...
_
.
.
.
.
.
...
..
...
_
.
_
...
.....
Receipts (cantars a)
jl
—
This week
Since Sept. 1
Exports (bales)
250,000
5,434,283
—
To Liverpool
To Manchester
To Continent
To America..
Total exports
cantar
Is
j Sept. 1
34.750
<■
A
Since
....
jj
4,302,250
j
II
ij
j
230,000
!
Since
This
.jj week.
1
j
Sept. 1.'
496,902j!30,750
l!
175,000
3,968,145
j
126,296
14,5001125,948; 7,250 88,193
13.750 180,24l>j| 12,250 159,150
41,242
e
a
]
This
icerk.
!
j1
414,881
....
! Sept.
Since
This
wet k.
1.
6,000 122,557
4,000 71,763
7,750 149,617
2,75th 34,379
I
20,500 1 378,3 16
lbs.
98
This statement shows that the receipts for the week were
can tars and the foreign shipments 34,750 bales. •
•
250,000
MANCHESTER
....
MARKET.—Our
received
report
by
cable to-night from Manchester states that the market
continues firm for both yarns and shirtings.
The demand
for both yarn and cloth is
good. We give the prices
for to-day below and leave those for
previous weeks of
this and last year for comparison:
Total
d.
Dec.
7
10 1-16 @
14 94
@
21
9 15-16®
28 9*-i
@
Jan.
4
9H
@
11
9 13-16®
18 9*4
®
11
6
lot* 6
104 6
10 4 6
104 6
104 6
lOFs 6
d.
8.
d.
Cot'n
Mid
Upl's
d.
d.
5.96
5.79
5.69
5.70
5
6
6
5.87 8 15-16®
5.96 84
®
5.86 84
@
®9
8
9
@9
9
to
d.
714 @9 10
6
9
®9
5
8
@9
5
@9 8
®9
84 lbs. Shirtings, common
32s Cop
Twist.
8.
9 3-16 @9 15-16 6
9
®
9*4 6
914
@
94 6
8 15-16®
94 6
SHIPPING NEWS.—As shown
94 6
94 6
94 6
finest.
d.
6
5
Cot'n
Mid
Upl's
d.
s.
®9
®9
6
54 ®9
6
d.
5
@9
44
6.42
6.29
6.31
6.24
5
®9
®9
44
44
44
6.23
6.09
6.30
5
5
@9
44
previous page, the
exports of cotton from the United States the past week have
reached 323,541 bales.
The shipments in detail, as made up
from mail and telegraphic returns, are as follows:
...
.
.
...
...
.
..
_
....
.
..
..
.
.
.
.
...
..
34,589,90,245
The exports to Japan since
4,622 29,353
1,094 7,375 323.541
Sept. 1 have been 102,550 bales
from Pacific ports and 10,000 bales from Galveston.
Cotton freights at New York the
follows, quotations being in cents
Liverpool
Manchester
-C.
.r.
Havre
Bremen
_c.
Hamburg
Antwerp
..
-C.
...
Mon.
Tucs.
17
17
17
17
22
20
25
17
17
22 4
20
25
20
_r.
-C.
-C.
26
-C.
28
Barcelona
Genoa
-C.
30
30
_c.
23
32
45
23
32
45
,
.
4
20
26
28
Ghent, via Ant..
Reval, Indirect..
Reval. via Canal.
.
past week have been
lbs.:
as
per 100
Sat.
Wed.
22 4
20
25
20
28
Thurs.
17
17
22 4
20
25
20
26
28
26
»
17
17
Fri.
17
22.4
17
22 4
20
25
20
26
28
25
20
26
28
30
30
23
32
45
23
32
45
20
.c.
_c.
30
23
32
45
30
23
32
45
on
a
Total bales.
LIVERPOOL.—By cable from Liverpool we have the fol¬
lowing statement of the week’s sales, stocks, &c., at that port:
Sales of the week.
bales
Of which speculators took.
Of which exporters took
Sales, American
Actual export
.
.
.
.
.
.
Forwarded
Total stock—Estimated
Of which American—Est..
Total Import of the week.
Of which American
Amount afloat
Of which American
.
.
.
Dec. 28.
20,000
1 ,000
1 ,000
18,000
14,000
66,000
.700,000
.620,000
.208,000
__
.171 .000
.398,000
.321,000
Sea Island
To Manchester—Jan. 11—Tintoretto, 201
upland, 110 Sea Isl_
To London—Jan. 12—Minnetonka, 250
To Havre—Jan. 11—Hurtsdale, 1,625
To Dunkirk—Jan. 11—Hurtsdale, 857
To Barcelona—Jan. 12—Sidra. 298
To Genoa—Jan. 11 — Konlg Albert, 2,599
To Naples—Jan. 11—Konlg Albert, 159
To Leghorn—Jan. 11 — Perugia, 278
To China—Jan. 12—St. George, 800
NEW ORLEANS—To Liverpool—Jan. 12—Aslan, 10.819
Jan.
....
.
......
2,608
811
250
1.625
857
.
298-
2,599
159
278
800
14—Author, 7,542
Jan. 18—Alexandrian, 12,500
80,861
To Havre—Jan.
11—Alston, 5,800
Jan. 12—Manchester
Engineer, 10,820
16.120
To Dunkirk—Jan. 12—Brookwood, 4,689.
4,689
To Marseilles—Jan. 12—Auguste, 25
25
To Rotterdam—Jan. 11—Alston, 150
150
To Hamburg—Jan. 16—Bavaria, 1,056
1,056
To Bremen—Jan.
11—Ranza,
14,298.
Jan.
12—Nunima,
9
7,537
*
21 ,885
To Antwerp—Jan. 16—Tolesby. 2,800
2,800
To Trieste—Jan. 12—Auguste, 523
Jan. 17—rArlstea, 2,600
3,123
To Barcelona—Jan. 17—Aristea, 3,347
3,347
To Venice—Jan. 17—Aristea, 500
500
....
.....
Jan. 4.
Jan. 11.
Jan. 18.
36,000
2,000
1,000
31,000
8,000
94,000
749,000
657,000
152,000
119,000
417,000
342,000
85,000
3,000
4,000
76,000
19,000
104,000
745,000
643,000
119,000
82,000
71,000
2,000
2,000
62,000
20,000
112,000
790,000
686,000
177,000
138,000
504,000
432,000
493,000
418,000
The tone of the
Liverpool market for spots and futures
day of the past week and the daily closing prices of
spot cotton have been as follows:
each
Spot.
Saturday.
Monday.
Tuesday.
Wednesday Thursday.
Friday.
Good
demand.
Good
demand.
Good
demand.
Quieter.
NEW YORK—To Liverpool—Jan. 16—Georglc, 2,412
upland, 96
.
1905-06.-
814 lbs. Shirtings. common
to finest.
d. s,
.
.
Japan
32s Cop
Twist.
.
....
156,263
Trieste
1906-07.
..
...
Market,
1
Large
12:15
)
business
P. M.
J
doing.
MId.Upl’ds
5.94
5.80
5.79
5.84
5.82
5.86
10,00ft
12,000
10.000
1.000
1.000
500
18.000
1,000
10,000
1,000
8.000
1.000
Sales
Spec.&exp.
Futures.
Market
1
Quiet at
2 points
Steady at
74 ®8
Steady at
pts. dec.
decline.
opened
)
Market.
] St'dy.unch. Easy at
) @ 2 pt.s. 94 @124
decline.
J
pts. dee.
4
P. M.
decline.
5
points
Firm at
3 @44
pts. adv.
Good
demand.
Irregular, St’y, uneh.
unch.
pt.
@
1 @
1
pt.
advance.
adv.
B ’rely st*y Steady at
at
44 @6
pts. dec.
54 @r>
pts. adv.
Quiet at
3 points,
decline.
Quiet at
2 @24
pts. dec.
The prices of futures at Liverpool for each day are given
below.
Prices are on the basis of Uplands, Good Ordinary
clause, unless otherwise stated.
170
THE CHRONICLE.
The prices arc given In pence and lOOfft.s.
Mon.
Sat.
Jan.
Tues.
Wed.
Thurs.
Fri.
12
12
12 34
p.m.
to
Jan.
Thus, 5 58 means 5 58-lOOd.
18.
Jan.-Feb.
Feb.-Mch.
Mch.-Apr.
Apr.-May
May-June
June-July
July-Aug_
Aug.-Sep_
Sep.-Oct
—
_
_
.
Oct.-Nov.
Nov.-Dee.
—
5
5
5
5
5
5
5
5
5
5
5
5
d.
d.
58H 50
58
57
55
55
55
54
53
47
41
35
35
4
12 3*
1 2 t*
4
4
12'*
1 2
4
3*
p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m.
d.
d.
January._
4
12*4
34
P-m.
d.
d.
43 J4 51
43
50
42
48
46
41
40 34 46
40 33 46
40
45
39 34 45
34
39
28 33 34
24 34 29
24
29
46*4
49 34 46
47 34 44J4
43 34
34 47
46 34 43
46 34 43
46
42 33
44 34 42
38 34 36 34
30 34
33
34 28 34 26
25 34
28
33
34
34
33
33
33
d.
d.
d.
4 5 331-4 5 33
48
47 33 45
45
45
42
42
40 33 4o y
44
43 33140
40 J4
43 33 40
40
43
39 34 39 34
42
39
39
37
34)4 34 33
31 33 29
29 33
27
25
25 33
26 34 24 34 25
d.
d.
d.
5133 40 33 to y,
49
51
49
48
46
46
46 V> 44 33 44 33
46
44
44
46
43 33 4 3 33
45 33 43
43
45
-42 34 42
40
37 34 37
35
33 Vn 33
31
29 33 29
28 33
30 34 29
.
[ Yol. LXXX1V.
the interest of higher prices, covering by
brisk commission house buying and an
frightened shorts,
absence of selling
pressure.
The trading has been on a larger scale than that
witnessed in wheat or corn.
Bulls have been favored by
small receipts, the relatively small stocks of contract grade
rat Chicago and unfavorable weather for marketing the crop.
Then, too, the cash demand at the West has been active at
steadily advancing quotations. To-day the -market was
firmer early, owing to continued small receipts, light offerings
and covering of shorts, but later on a reaction occurred due
to realizing.
DAILY CLOSING
Sat.
PRICES
OF
OATS
IN
NEW
Wed.
Mon.
Tues.
39
39-39 H
YORK.
Thurs.
.
Fri.
Mixed.26 to
32 lbs
White clip¬
39
ped, 36 to
38 lbs
.40^-42 .40^-42 H
41-43
..
39><j-40
40-40*^
40J-S
41 K-43 y
42 J^-44
41H-44
DAILY CLOSING PRICES OF NO. 2 MIXED OATS IN CHICAGO.
BREADSTUFFS.
January delivery In elevator
May delivery In elevator
July delivery In elevator
Friday, Jan. 18 1907.
Prices for wheat flour have remained about stationary,
despite the advance in wheat. Trading has continued on a
very restricted scale, buyers taking only enough Hour to fill
immediate requirements.
Millers,' however, have refused
to make concessions, which was not surprising in view of
the strength of wheat.
Export business has been stagnant
and the exports from the seaboard during the week have
been small.
Corn meal has ruled quiet and steady.
Small
export sales have been reported of late. Rye flour has been
quiet and steady.
Wheat has advanced, partly because of higher foreign
markets, continued small receipts at the Northwest and a
somewhat better export demand.
Moreover, it has been
affected more or less by the strength in other grain, notably
oats.
This has. offset favorable reports in regard to the
condition of the winter wheat in most sections of .the belt
and an estimated increase in the Argentine crop over that
of last year of some 15%.
Needed snows have fallen in
parts of the West, but car-shor.tage continues at the North¬
west, so much so that the President has suggested, it is
understood, that the Inter-State Commerce Commission
should be empowered to deal with the matter.
The crop
movement in that section is
portant factor
in
so
small
as
to be
quite
an
im¬
the general
situation. Moreover, the
available supply in the world decreased last week 2,217,000
bushels, as against a decrease for the corresponding week
last year of only 71,000 bushels.
Reported damage by
chinch bugs in Texas has also had some influence at times,
though not to any marked extent. 'But what with a light
movement—the primary receipts have at times been little
more than half what
they were for the corresponding day
last year—stronger European markets, the firmness of coarse
grains, a somewhat greater readiness on the part of exporters
to purchase, and rather stronger statistics, the trend of prices
has been upward, though the world’s supplies continue to be
well above those of a year ago and the speculation has not
been at all active, the new year opening, indeed, with much
the sluggishness in this respect which characterized most of
last year.
To-day there was a decline, owing to- profit
taking, a reaction in corn and oats, generally favorable
crop reports and small exports.
DAILY CLOSING PRICES OF WHEAT FUTURES IN NEW YORK.
Sat. Mon. Tues.
Wed. Thurs.
Fri.
No. 2 red winter
80 33
80 33
80 3*
80 33
81
81 33
----8 2%
82 %
82 3*
May delivery in elevator
82
83 3*
82?*
82 ?4
82 34
July delivery In elevator
81 %
81 **
82 33
82 33
..
.
DAILY CLOSING PRICES OF WHEAT FUTURES IN CHICAGO.
January delivery In elevator
May delivery In elevator.
July delivery In elevator
Indian
Mon.
Tues.
72*4
72 3*
76 33
76 34
72
76 y
75 H
76 H
76 %
..
.
Sat.
Wed. Thurs.
72 3*
76 3*
75 y
73
77
76 %
76*4
76 3*
futures have advanced with the
larger scale than for
time past.
some
house business has been more active and the cash market
has shown an upward tendency, with an increased export
trade at times.
To-day prices were firm early on wet weather
at the West, small receipts and covering of shorts, but many
were
disposed to take profits and later
on
the market weak¬
ened.
DAILY
Cash corn.
CLOSING
...
OF
2
NO.
January delivery In elevator
May delivery In elevator
July delivery In elevator.
.
.
.
CORN
Sat.
.53
Mon.
...52y
50 "4
---50 74
52 74
50 **
>9) 3s
..
_
MIXED
53
IN
Tues.
53
52 y
50 74
51
NEW
53
53
51
>*
3*
513*
58
54
52
4
5174
.
Sat. Mon.
39 74
39 7-4,
..43**
-43*4
Oats for future delivery in. the
vanced quite sharply under the
43*4
43 33
Tu es.
40
43 74
43 **
■
Wed. Thurs.
4o y
41 ■*
44 3*
45 33
45
44*4
Fri.
53 33
54
52
52
Fri.
35 34
38
35 34
35 34
37?*
34 J*
35
37
34 34
Kansas straights.
Kansas clears
Blended patents.
.$2 75 ©$3 00
2 50 @
.
3
3
3
3
3
Patent, wlnter.
Kansas patents
40
65
80
60
80
$3 55 ©$3 75
3 15© 3 30
4 40 ©
©
@
Rye flour
Buckwheat flour
©
Graham flour
©
© 3 OOlCornmeal
3
2
2
2
4 90
4
10© 2
90 © 3
65 © 2
75 ©
20
25
75
75
GRAIN.
Wheat, per bush.—
N. Duluth. No. 1
N. Duluth, No. 2
Red winter, No. 2
I Corn, per bush.—
c.
89 *4 ;
No. 2 mixed
No. 2 yellow, new.
f.o.b. 88 34
f.o.b. 8134 |
No. 2 white, new..
Hard
“
f.o.b. 85 34 I Rye, per bush,—
No. 2 Western
Oats—Mixed, per bush.No. 2 white
State and Jersey.
...42 @4334
No. 2 mixed
40 34 Barley—Western
No. 2 white, clipped
41 >4 @44
Feeding
I
c.
f.o.b. 53 34
f.o.b.51 4
.
f.o.b.5134
.
69 ©71
Nominal.
Nominal.
Nominal.
...
The statement of the movement of breadstuff's to market as
indicated below are prepared by us from figures collected by
the New York Produce Exchange.
The receipts at Western
lake and river ports for the week ending last Saturday and
since Aug. 1 for each of the last three years, have been:
Flour.
Receipts at—
Wheat.
Oats.
Corn.
Barley.
Rye.
bbls.lOOlbs .bush. 60 lbs. bush. 56 lbs. bush. 32 lbs. bushAH lbs. bu. 56 lbs.
163.390
511,462
1,646,239
512;705
40.000
2,520,323
Milwaukee..
235.600
178,000
1S7.000
396,000
27.000
22.050
Duluth
562.435
28,495
10,102
18,142
483,180
41,800
261,300
1,696,310
Minneapolls.
153,900
Toledo
50,100
2,400
46,000
253,000
Detroit
20,620
”2,400
8,194
125,929
Cleveland
1.000
1,421
8,940
180,992
79,547
St. Louis
177.000
534.400
1.032,900
100,100
12.000
63,030
Peoria
235,500
9,900
248,200
94.000
7.000
15,550
Kansas City.
183,000
134.400
548,000
Chicago
’
Total week
Same wk. ’06
Same wk. ’05
267,841
182,696
207,279
3,746,241
4,119.872
3.235,260
3,448.081
3.522.092
2,206,566
4.885.244
4,135,969
4.166.536
Since Aug. 1
1906-07... 10,919,205 140,852,351
1905-00-.. 10,507.977 153,798,537
1904-05... 9,275.102 142.649,306
Flour,
New York
Boston
136,388
47,605
2,000
82,252
63.088
3,850
43,598
11,007
..
Portland
Philadelphia
Baltimore
Richmond
New Orleans
Galveston
Norfolk
Montreal
Mobile
St. John
a
as
•
the seaboard ports for
Oats.
bush.
634.500
Corn,
bush.
646,075
120,480
376,966
362,941
352,168
10!),591
9,532
86,575
42,845
22,682
233.339
733,865
20,214
42,113
14,140
„
_
Barley,
Rye,
bush.
bush.
9.750
850
73.200
20.134
1.072
_
47.500
91.000
494,000
185,000
44,000
3,048
5,499
5,874
6,734
2,198
13,263
149,846
87,233
2,991
9,528
440,683
315,688
2,184,173
2.287.140
"
37,394
3.000
_
35.23!)
..
.
Total week
Week 1906
on
Wheat,
bush.
742,000
bbls.
Receipts at—
149,342
124.838
124.754
1.374.269
1,353,420
951.749
88.872.432 106.891,253 41.262,339 4.581.409
92,728.090 127,877,852 51.461.458 5,338,190
91.247,9771 91.741.693 46.105,228 4.890,063
Total receipts of flour and grain at
the week ended Jan. 12 1907 follows:
12,914
41.403
2,448,434
1.049.477
167.911
6.744,850
2.182,886
345.987
37.806
47.983
Receipts do not include grain passing through New Orleans for foreign ports
through bills of lading.
Total receipts at ports
follows for four years:
Receipts of—
Wheat
Com....
Oats.
bush.
-
,
..
Barley
Rye
from Jan. 1 to Jan. 12 compare
1907.
814.293
bbls.
Flour
1906.
709.45.8
1905.
534.876
1,131.018
4,092.625
4.555.591
1.101,265
5,286.767
4.752,861
13.081.668
8.559.636
2.031.103
3,796.937
639.719
1,095.818
94,008
273.898
20.277
3.872.084
2,000.382
276.598
120,078
22.167.923
11.070,894
11,555.909
256,482
62.233
Total grain
11,195,304
Wheat,
Exports from—
New York
Portland
Boston
Fri.
41 ?4
444
74
Western market have ad¬
stimulus of active buying
by prominent Chicago operators who have been working in
Wed. Thurs.
the closing quotations:
are
Straights
Patent, spring.
Baltimore
44
34 %
37
33 H
FLOUR.
Low grades
Second clears.
Clears
Philadelphia
—
Tues.
34 34
36 **
33 **
1904.
The exports from the several seaboard ports for the week
are shown in the annexed statement:
DAILY CLOSING PRICES OF CORN FUTURES IN CHIC AGO.
January delivery In elevator
May delivery In elevator.
July delivery In elevator.
Mon.
ending Jan. 12 1907
YORK.
Wed. Thurs.
following
Newport News
Fri.
72 %
trading on a
The stimulating fac¬
tors have been the continued small receipts at Chicago,
especially of contract grade, and the advance and activity
in oats.
At times during the week there has been no con¬
tract grade in the Chicago arrivals, and this fact, in view
of the smallness of contract stocks there, has caused con¬
siderable covering among nervous shorts.
The weather,
too, has, in the main, been unsettled and mild, and therefore
unfavorable for drying and moving the crop.
Commission
corn
The
Sat.
34 I*
36 34
33 54
Corn,
Rye,
Barlrj/,
bush.
bbl&.
hush.
bush.
338.664
62.269
35.080
9.532
41,675
bush.
5.833
37.394
41,044
2,000
35.836
69.670
298.248
Norfolk
Newport News
New Orleans
Galveston
Mobile. _•
St. John, N. B
Flour,
bush.
SOI,953
362.941
242.138
503.571
155.768
275,405
90.897
112.503
34.738
49,688
40.930
35.239
43.598
10.0.80
Reas,
hush.
4.726
2.271
71S
1.014
50
1
555
5,391
9.482
5.874
6.734
2.991
149.S40
2 .494.622
Same time3l906..2 .202.931
959.081 300.632
4.893.822 338.360
64.486
1.G84.068
Total week
13,263
Oats,
9.528
—
41.403
41,675 125.674
.....
8.270
229.044J 18.262
\
Jan. 19 1907. J
THE CHRONICLE
The destination of these exports
July 1 1906 is
for the week and since
below:
as
Flour
Wheal
Since
Com—
Since
July 1
1906.
bush.
Week
July 1
Week
Exports for week and Jan. 12.
1906. Jan. 12.
since July 1 to—
bush.
bbls.
bbls.
United Kingdom...138,622 3,463,937 1,013,257 29,853.643
Continent
99,167 1,453,432 1,467,573 29,072,163
So. & Cent. Amer... 23,441
West Indies
38,876
'
Brit. No. Ain. Cols..
Other Countries
Total
Total 1905-06
The
410,055
13,792
152,339
8,110
8,000
376,803
779.227
56,943
133,123
50
476
visible
Com,
bush.
New York
afloat
Boston
1.7S9.000
.
Oats,
bush.
G36.000
bush.
616,000
“
Barley,
bush.
44.000
494,000
1,029,000
18,000
622,000
389,000
51.000
32.000
.10,030,000
741.000
1,387,000
533,000
25,000
593,666
235,000
593,000
84.000
399,000
716.000
140,000
187,000
517.000
16.000
..
.
afloat
Rye,
bush.
5,000
105.000
130,000
967,000
768,000
160,000
43.000
.
Buffalo
.
Toledo
“
403,079 10,901,365
512,301 15,089,514
1,014
292,553
41.857
1,104,121
300
51,027
530
152,427
286,000
670,000
355,000
421,000
560,000
40.000
17.000
4,908.000
5,074,000
860.000
.
Toronto
“
1906.
bush.
supply of grain, comprising the stocks in
principal points of accumulation at lake and
Jan. 12 1907, was as follows:
Wheat,'
Baltimore..
New Orleans
Galveston
Montreal
July 1
300,632 6,296,717 2,494,622 59.471.05S
959,081 27,591,007
33S.360 5.732,761 2,202,931 29,843,292 4.S93.822 4S.630.079
granary at the
seaboard ports
Philadelphia
Since
Week
Jan. 12.
bush.
21,000
-
136.000
164.000
177.000
101,000
8,000
435.000
1,606,000
116,000
.
“
80,000
473,000
200,000
1.275,000
380,000
afloat
Chicago
“
afloat
Milwaukee
.
“
afloat
Fort William
Port Arthur.
afloat
.
..
.
1,001.000
1,571.000
*•
490.000
Duluth
.
•'
‘
3,036,000
afloat
Minneapolis
.
St. Louis
.
5.900,000
3,343.000
260,000
435,000
3,827.000
SO ,000
525.000
43,000
3,664.000
208.000
258.000
038,000
265.000
75,000
1,054,000
26,000
18,000
afloat
Kansas City
Peoria
.
Indianapolis
.
On Mississippi
On Lakes
137.000
Jan.
Jan.
Jan.
Jan.
Total Jan.
Total Jan
at the decline in the cotton market at the moment
than at the strong statistical condition of the goods market.
It is stated on good authority that the accumulations of
more
export goods in this country are much smaller than had been
figured. Heavy brown drills and sheetings for the home
trade are firm in spite of efforts brought to bear upon sellers
to accept reductions.
Light-weight sheetings are in good
demand.
Buyers are willing to pay 14c. over the current
quotation for spot bleached goods, where these arc obtainable.
Coarse, colored cotton goods are well sold up for the next four
months.
Linings are seriously affected by the difficulty of
gray goods.
Napped goods have been opened at
from 5 to 7over last season’s prices and have sold freely.
An enormous business is being transacted in prints prior to
the advances going into effect.
Ginghams are very scarce
and firm.
Narrow print cloths are slightly higher and a
securing
WOOLEN GOODS.—A good many more lines of medium
quality men’s wear woolen and worsted heavy-weight goods
have been opened during the week, and these have met
with a fair degree of success.
The weather, however, has
been very much against the market, although it is hoped
that the more wintry spell at the end of the week will effect
an improvement in the near future.
The liner lines of goods
have not yet tveen shown to any extent, but a good demand
is expected for these.
The general feeling, however, is that
low-grade and medium goods will not be so successful this
season as they have been in the recent
past. Only a few
lines of mercerized worsteds have so far been opened.
Busi¬
ness to date has been
unevenly distributed and some manu¬
facturers have had the satisfaction of being able to withdraw
well-sold-up lines, while others have been very discouraged
at results.
r
The demand for cassimeres has been one of the
features of the market.
Overcoatings have been adversely
affected by the weather, but here also some lines have en¬
^
River..
joyed
'On Canal and River..
Total
Total
Total
Total
generally below the market, however, and at prices which
manufacturers do not feel inclined to accept, owing to the
condition of the home trade.
Export buyers are looking
large business has been done in wide goods.
125,000
afloat
Detroit
—
12 1907. .46.299,000
5 1907. -45,708,000
13 1906. .47.021.000
11 1905. .39.585.000
16 1901. .40,376,000
17 1903. .49.727,000
6.499.000
5,823.000
13,761.000
1 I ;279,000
6,264,000
7,050,000
171
12.567.000
1,751,000
1.658,000
2,353.000
1,773,000
12.855.000
27,242,000
20,309,000
8,632.000
fair degree of popularity. Business in dress goods
good and heavy orders have been placed for fall
broadcloths, which promise again to be the leaders in the
market.
Duplicating is slow but a steady demand contin¬
ues for voiles,
panamas and taffetas among light-weight
goods.
a
has been
—
2,923,000
2,838,000
6,038,000
6,371.000
5,142,000
2.362.000
1,275.000
4,196,000 * 1.071,000
FOREIGN DRY
GOODS.—Imported woolen and worsted
goods have been in good demand and business is satis¬
factory. Silks and ribbons are firm. Linens continue
strong. Burlaps are at top figures but the demand has been
seasonably small.
dress
THE DRY GOODS TRADE.
New
York, Friday Night, Jan. IS 1907.
The holding of various meetings of associations connected
with the textile trades in this city during the past week
brought
was
a
large number of buyers to town, and their
reflected in
increased volume of business.
an
presence
While
Importations and Warehouse Withdrawals of Dry Goods.
The importations and warehouse withdrawals of dry goods
at this port for the week ending
January 12 1907 and since
Jan. 1 1907, and for the corresponding periods of last year,
are as
buying of cotton goods was mostly for near-by deliveries,
for which premiums were gladly paid when they were in
any way available, there was also some good purchasing of
fall supplies by some of the larger houses, who thus indi¬
M
DOMESTIC COTTON
York to Jan. 12.
.
;
'
^
o
d 3
“
s?
»
—
—
O
^
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Week.
9
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Jan. 1.
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Since
Week.
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in
GOODS.—Thc^exports^of 'cotton
1907
New
o
XX
goods from this port for the week ending Jan. 12 were 3,1121
packages, valued at $316,906, their destintaion being to the
points specified in the tables below:
Great Britain
Other European
China
India
Arabia
Africa
West Indies
Mexico
C entral America
South America
Other Countries
H
o
ro
brought out
the scarcity existing in all direc¬
possible to advance near-by prices
spot demand, but sellers are pur¬
suing a conservative policy and hesitate to check the retail
demand by unduly raising values.
The jobbing trade dur¬
ing the week has been very heavy, especially in prints, and
jobbers who have not been able to satisfy their demand in
the primary market have themselves been
buying from oth.
ers.
The movement to China has been larger than gener¬
ally thought, and further inquiries have been received dur¬
ing the week; but prices offered are generally too low. * The
more seasonable weather has had a favorable effect
upon' the
heavy-weight woolen and worsted goods market.
•
M
—
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cated their confidence in the future of the market.
The de¬
mand for spot goods was due in great part to the slowness
of deliveries on existing contracts and the larger volume of
retail trade than had been calculated when original purchases
were
made.
The inquiries that developed in this way
very forcibly
tions.
It would be easily
Btill farther in view of this
follows:
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Total
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The value of these New York exports since Jan. 1 has been
$479,202 in 1907, against SI,216,912 in 1906.
Sales to China
the current movement have included
such goods as standard and 3-yard drills and'3
and 4 yard
sheetings, and inquiries for similar lines have been received
in considerable volume
during the week.
on
They have been
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Bloomington, Franklin
Stats mv Qm
Bond Proposals and Negotiations this week
have been
as
iollows:
Adams County (P. O. Natchez), Miss.—Bo ad Sale.—An
issue of $13,500 bonds has been awarded, it is stated, to the
First Natchez Hank of Natchez.
Alba (P. O. Annawan),
Sold.—Bond Offering.—No
$3,500
5%
Henry County, Ill.—Bonds Not
award was made
bridge-buiiding bonds offered
on
on
Jan. 12 of
that day.
The time for receiving bids has been extended to Feb. 1.
Denominations: six bonds of $500 each and two bonds of
$250 each.
Interest semi-annual.
Maturity from 1909 to
1910 inclusive?.
Alexandria,
—Bond Election.—On
on the question of
issuing the $30,000 city-hall, the $10,000 sewer-systemextension, the $7,000 water-system extension and the $2,000
eleetric-light-system-extonsion 5% 40-year bonds mentioned
in V. ($4, ]). 110.
Interest semi-annual.
Feb. 12
an
Rapides County,
election will be held to vote
Alliance, Ohio.—Bond Sale.—On Jan. 11 the $3,000 sewerextension and $0,500 cemetery-improvement 4% 18-year
bonds described in V. S3, p. 1004, were awarded to Hayden,
Miller & Co. of Cleveland for $3,075 50 (102.097) and $0,036
(102.092) respectively. This is on a basis of about 3.84%.
Amite County (P. 0. Liberty), Miss.—Bond Sale.—On
Jan. 11 this county, it is stated., awarded $10,000 convictfarm bonds to A. B. Loach A Co. of Chicago at 100.20,
accrued interest and bonds free of charge.
Ashland,
Ohio.—Bond Offering.—-Proposals will be re¬
Feb. 11, by tin* Village* Clerk, for $26,000
5% Walnut Street improvement bonds. Authority Section
2835 of the Revised Statutes., Denomination $1,900. Date
Sept. 1 1900. Interest semi-annual. Maturity one bond
each six months from March 1 1908 to Sept. 1 1914 inclusive.
ceived until 12 m.,
Atlantic
City, N. J.—Bond Offering.—Proposals will be
m. Fob. 9 by A. M. Heston, City Comp¬
troller, for the following bonds:
received until 12
$300,000 4 H "o water bonds dated July 1 1906.
Maturity July 1 1041.
Deposit of $3,04-) required.
175,000
paving bonds, dated Jan. 1 1907.
Maturity Jan. 1 1927.
Depodt of $3,040 required.
75,000 4!^% paving bonds dated Jan. t 1907.
Maturity Jan. 1 1927.
Deposit of $1,504 required.
70,000 4% p'avlnj? bonds dated June 1 1905.
Maturity June 1 1925.
Deposit of $1,500 required.
30,000 4% municipal hospital bonds dated Sept.
1 1900.
Maturity
Deposit of $1,000 required.
Sept. 1 1936.
Interest
payable at the Hanover National Bank in New
City. Each bid must be made on a blank form fur¬
nished by the city, and must be accompanied by the above
deposit, either in cash or certified check, payable to the City
Comptroller. The legality of the bonds has been approved
by Messrs. Dillon & Hubbard of New York City, whose cer¬
tificate as to legality will accompany the bonds when deliv¬
ered.
The Columbia Trust Co. of New York City will cer¬
tify as to the genuineness of the bonds.
Delivery on or about
York
March 1.
The off icial notice of this’bond offering will be
the advertisements elsewhere in this Department.
found
among
Ballard School District No. 50, King County, Wash.—
Bids.—The following bids were received on Jan. 7 for the
$70,000 20-year gold coupon building bonds awarded, as
stated in V. 84, p. 110, to the State of Washington:
State of Washington (3 U' o _$70,oooj Kleybolte & Co., Cin. (5s)
Seattle Trust & Title Co.,
j (\ II. Coffin, Chic. (5s)
Seattle (4 1 js)
7.1,414 jS. A. Kean, Chicago (5s)
N. W. Harris &Co.,Ch.(4 ’ js) 70.X40!
A. B. Leach &Co.,Ch. (5s)
73,4001
.
_
$72,325
72,001
70,033
.
Belleville, Republic County, Kan.—Bond Offering.—J. E.
Caswell, Mayor, is offering at private sale $20,000 5% cou¬
pon electric-light bonds.
rin se s veurities were recently de¬
clared valid by the Supreme Court; see V. S3, p. 1604.
Denomination $1,000.
Date Sept, 1 1906. Interest semi¬
annually at the fiscal agency in New York Citv. Maturity
Sept. 1 1926.
‘
.
Bergen, Genessee County, N. Y.—Bond Offering.—Pro¬
posals will lie received until 10 a. m. Jan. 25 by the village
Clerk for $20,000 4%% registered water bonds.- Denomina¬
tion $1,000.
Date Feb. 1 1907.
Interest annually on Aug.
1.
Maturity $1,000 yearly on Aug. 1 from 190S to 1927 in¬
clusive.
Certified check for 5% of the bid required.
Bonds
will be delivered Feb. 4.
Berkeley, Alameda County, Cal.—Bond Sale.—On Jan. 14
place awarded the $100,000 municipal-wharf, $137,000
town-hall, $11,100 police-alarm-systcm and $50,000 firedepartment 4l2% 1-40-year (serial) bonds, dated Fob. 1
1907, voted on Nov. 3 1906, to the Los Angelos Trust Co.
of Los Angeles for $316,100, the price thus being 106.038'—a
basis of about 4.064%.
Interest semi-annual.
Berne (Town), Albany County, N. Y.—Bonds Awarded in
Part.—This town has awarded $1,500 of the $5,000 4%
coupon funding bonds described in V. 83, p. 1426, to Rose
this
Elsbee of Preston Hollow.
now
[VOL. LXXxIV.
THE CHRONICLE
172
being offered at
par.
The remainder of the bonds is
County, Neb—Bond
Election.—
The Town Council lias called an election for Jan. 22 to vote
on the question of issuing $14,000 water-works bonds. *
Bonds Invalid.—An issue of $4,000 city-hall bonds re-
centty voted has been declared invalid, according to accounts
published in local papers.
Boston, Thomas County, Ga.—Bonds Xoi Sold.—No sale
has yet been made of the* $10;500 5% electric-light bonds
described in V, 83, p.
1420.
Buffalo, N. Y.—Bond Offering.—Proposals will be received
until 12 m. Jan. 22 by George M. Zimmerman, City Comp¬
troller, for $300,009 4% registered tax-scrip bonds (noiltaxable). Authority Chapter 45 of the Laws of the State of
New York, passer! March 10 1903, and resolution adopted
by the Board of Aldermen,Dec. 27 1906, by the Board of
■Councilman Dec. 28 1906 and approved by the Mayor. Jan. 7
1907.
Date of bonds Feb. 1 1907.
Interest semi-annually
at the City Comptroller's office or at the Gallatin National
Bank in New York Cilya
Maturity $30,000 yearly on Feb. 1
from
1908
panied by
company
to
1917
inclusive.
Each
bid must
be
accom¬
certified check on an incorporated bank or trust
for 2% of tiie bonds bid for, payable to the City
a
Comptroller.
Camden, N. J.—Bond Sale.—On Jan. 11 the $200,000 4%
30-year school bonds dated Feb. 1 1907 and described in
V. 84, p. 01, were awarded to J. D. Everitt Sc Co. of New
York City at 101.137—a basis of about 3.950%.
Following
are
the bids:
J. D. Everitt & Co., X. V.. 101.-137 I X. W. Harris & Co.. X. Y... 100.779
inward K. Stokes, X. Y ..101.032 |A. 13. Leach & Co., X. V
199.035
W. J. Hayes <5c Sous. Host
100.7755 i
Bond Sale.—On Dec. 21 1900 a $20,000 33%% 30-year
fire-house refunding bond dated Jan. 1 1907 was awarded
to the Commissioners of the Sinking Fund at par.
In¬
terest semi-annual.
Carbondale, Lackawanna County, Pa.—Bond Sale-.—On
Dec. 31 1900 tin* $20,000 4% 1-20-year, (serial) coupon
Main Street paving and bridge-building bonds dated Nov. 1
1900 and described in V. S3, p. 1420, were awarded to Otis A
Hough of Cleveland at 100.708 and accrued interest—a basis
3.909%. Following are the bids:
of about
Otis & Houffh, Cleveland.$20,153 75| Denison&Farnsvvorth,Clev$20,001 46
W. J. Hayes & Sons, Cleve. 20.017 00 j First Nat. Bk., Carbondale 20,000 no
Carrizozo School District (P. O. Carrizozo), Lincoln
County, N. Mex.—Bonds Voted.—The election Dec. 29 1906
resulted in favor of the proposition to issue the $10,000 6%
20-30-year (optional) school-building bonds mention of
which was made in V. S3, p. 1487.
Champaign County (P. O. Urbana), Ohio.—Bond Sale.—
On Jan. 14 the $8,800.4% 2)4-year (average) coupon Chil¬
drens’ Home wood-farm bonds, a description of which was
given in V. S3, p. 1605, were awarded to A. F. Vance Jr.
at par.
No other bids were received.
Chardon School District (P. O. Chardon), Geauga County,
Ohio.—Bond Election.—A resolution adopted by the Board
of Education on Dee. 11 1906 provides for an election to be
held Jan. 22 to vote on t he question of issuing not exceeding
$15,000 high-school building bonds.
Charlottesville, Albemarle County, Va.—Bond Sale.—On
Jan. 15 the $140,000 4 % % 10-40-year (optional) coupon
reservoir bonds described in V. 84, p. 61, were awarded, it is
stated, to the Miller Manual Labor School of Albemarle
County at 100.10.
Chester, Delaware County, Pa.—Bond Ordinance.—We
advised that the ordinance providing for the $500,000
loan for street-paving, sewer-construction, public swimming
pools, bridges, fire-alarm-system and two wharves (Y. S3,
p. 923) is now before the Councils.
are
Clintonville School District (P. O. Clintonville), Venango
County, Pa.—Bond Sale.-*—'This district has disposed of,
through J. Howard Smiley of Franklin, an issue of $4,000
4)4% school-building bonds. Denomination $100. Date
Sept. 1 1906. Maturity $200 yearly.
Claremont, Surry County, Va.—Bond Offering.—Proposals
will be received until 1 p. in., Feb. 5, by W. H. Haney,
Chairman Finance Committee, for $6,000 school-building
and $2,000 improvement 5% gold coupon bonds.
Denomi¬
nations: 5 bonds of $100 each, 5 bonds of $500 each and 5
bonds of $1,000 each.
Date Dec. 1 1906.
Interest annually
at the Bank of Claremont.
Maturity twenty-five years,
subject to call after ten
years.
Bonds
are
exempt from
town taxes.
Colquitt, Ga.—Bond Sale.—This place has awarded the
$6,000 5% 1-10-year (serial) water-works bonds offered but
not sold on Feb. 15 1905 (V. 82, p. 580) at par.
Denomi¬
nation $000.
Interest annual.
Creede
(P. O. Amethyst), Colo.—Bond Offering.—Pro¬
posals will be received until Feb. 4 by Eva G. Stowe, City
Clerk, for $45,000 0% coupon water-works bonds. Date,
day of issue. Maturity twenty years, subject to call after
ten.years.
Bonds are exempt from taxes. Total debt, not
including this issue, $28,000.
Assessed valuation for 1906,
$126,000.
Rhea County, Tenn.—Bonds Proposed.—It is
a bill will be introduced in the Legislature for
authority to issue $12,500 school-building bonds.
Dayton,
stated that
JAN. 11) 1907. j
THE CHRONICLE-
Deal (Borough), N. J.—Bond Election.—An election will
held in this borough Feb. 2 to vote on the question of
issuing the $75,000 4J/£% 10-year sewer-system bonds men¬
tioned in V. $3, p. 113d.
matter of
calling an election to vote on the question of issu¬
the $20,000 bonds mention of which was made in V.
83, p. 1188.
Greenfield Independent School District (P. O. Greenfield)
Adair County, Iowa.—Bond Sale.—This district has awarded
the $25,000 school-building bonds mentioned in V. 82,
p.1455,
to John P. O’Brien A Co.' of Boston at
Denomi¬
par for 4s.
nation $500.
Date Aug. 1 1906.
Interest semi-annual.
Maturity Aug. 1 1916, subject to call $2,000 on or after
Aug. 1 1908, $l,o00 on or after Aug. 1 1909, $1,500 on or
after Aug. 1 1910, $20,000 on or after Aug. 1 1911.
Bonded
debt, this issue.
Assessed valuation for 1905, $1,067,620.
Greenwich, Fairfield County, Conn.—Bond Offering.—
Proposals will be received until 12 m. Feb. 15 by the Town
be
ing
Deer River, Itasca County, Minn.—Bond Offering. — Pro¬
posals will be received until 8 p. m. Jan. 29 by the Village
Council for $9,000 0% electric-light-plant bonds.
Denomi¬
nation $500.
Interest semi-annual.
Maturity $1.000 yearly
beginning two years from date. A. D. Ingersoll is Presi¬
dent of the Village Council and A. D. Brooks is Village Clerk.
Delaware
On Jan. 15
County (P. O. Delaware), Ohio.—Bond Sale.—
the $102,000 4% coupon road-improvement
bonds described in V. 84, p. 117, were awarded to local
banks at par and interest.
Dutton, Ont.—Debenture# Xoi Sold.—No award was made
Dec. 21 1903 of the $5,000 4% permanent-improvement
debentures described in V. S3, p. 14SS.
on
East Grand
Forks, Polk County, Minn.—Xo Action Yet
Taken.—No action has yet been taken in the matter of
re¬
offering the $25,000 5% 20-vear coupon water bonds offered
without success Aug. 1 1 1905.
See V'. S3, p. 453.
El Cajon Valley Union High School District, Los Angeles
County, Cal.—.Vo Action Yet 'Taken.—No action has yet been
taken by the Board of Supervisors in the matter of issuing
the $12,000 5% 1-12-year (serial) school-building bonds
voted
on
bonds.
Enterprise Irrigation District, Fremont County, Idaho.—
Yet Sold.—This district has not yet placed the
$55,000 6% coupon bonds offered but not sold on May 7
1906.
.See V. S3, p. 113.
Essex County (P. O. Salem), Mass.—.Vote Sale.—On Jan.
14 an issu° of $50,000 4% reg'srry of deeds
building-site notes
Bond* Xot
was
awarded
Securities
are
Blak“ Bros. A Co. of Boston at 100.03.
dated Du*. 1 1904 and mature $5,000 yearly
191!) inchis ve.
to
from 1907 (o
.Vote Offering.—Proposals
will lx* received until 11 a. m.
Jan. 21, by the County Commissioners, for the discount of
a $23,000 bridge-building note.
Date Jan. 1 1907.
Matur¬
ity Dee. 1 1907.
Authority for issue, Chapter 381, Laws of
1906.
Finalay, Ohio.—Bonds Authorized.—Ordinances were re¬
cently passed by the City Council providing for the issuance
of the
Selectmen
$100,000
following bonds:
<13,321* 10 4 'o% West Lincoln Street paving bonds.
Maturity S320 10
July 1 1007 and $500 each six months thereafter.
14,340 30 4 1 i "o East Lincoln Street paving bonds.
Maturity $340 36
July 1
and 8f*oo each six months, thereafter.
9.710 it) 4 4% East Crawford Street paving bonds.
Maturity 5710 10
July 1 14)07 and $500 each six months thereafter.
The above bonds will be dated Jan. 1 1907.
Ford Precinct, Scotts Bluff County, Neb.—Bonds Voted.—
By a vote of 58 to 1 this piscine! on Jan. 7 authorized tlx*
issuance of $5,000 0%
tion
bridge-building bonds.
Denomina¬
$1,000:
Interest- S'ln-annualiy at the State iiseal
agency in New York City.
Maturity $1,000 yearly on Jan. 1
from 1923 to 1927 inclusive.
This bridge, is to* be built
jointly by Ford and Kiowa* Precincts, the latter voting on
the same day to issue $4,000 bonds for this
purpose.
Gaston County (P. O. Dallas), No. Car.—Xo Action Yet
Taken.
No action has yet been taken in tin* matter of reoffering the $200,000 4% road-improvement- bonds, mention
of which was made in V. S3,
p. 173.
Gilliam School District (P. O. Gilliam), Saline County,
Mo.—Bond Sale.
We are advised that the $7,000 5% cou¬
pon school-building bonds offered but not sold on June 22
1904 (V. 82, j). 1513) were subsequently awarded to J. P.
Huston, Cashier of the Wood A Huston Bank of Marshall, at
—
—
par.
Denomination $350.
Date
annual.
Maturity $350 yearly on
June
15
1906.
Interest
June 15 from 1907 to 1926
inclusive.
Gloucester City, Camden County, N. J.—Bond Sale.—This
city has awarded the $8,000 4% water-works bonds men¬
tioned in V. S3, j). 645, to the Sinking Fund, while $25,000
of the $55,000
4% school bonds have been taken by the Se¬
curity Trust Co. of Camden. The remaining $30,000 of the
school bonds have also been placed.
Grand Valley Irrigation District (P. O. Grand Junction),
€olo.—Bonds Xot Yet Sold.—This district has not 3ret dis¬
posed of the $585,000 6% irrigation
bonds mentioned in
V. 83, p. 339.
'
Grant County (P. O. Petersburg), W. Va.—Xo Action Yet
to Jan. 10 no steps had yet been taken in the
Taken.—Up
at the
Greenwich Trust, Loan A
Deposit Co. for
4%
coupon high-school bonds.
Denomination
Interest semi-annual.
Maturity July 1 1935. Cer¬
$500.
tified check for 1% of the bonds bid for,
payable to the Town
Treasurer, is required. Accrued interest to be paid by
purchaser.
The official notice of this bond offering will be
found among
the advertisements elsewhere in this
Department.
Guadalupe County (P. O. S8guin), Tex.—Bonds to Be Sold
State.— Hie Commissioners’ Court has about made ar¬
rangements with the State for the sale to the Permanent
to
Oct. 27 1904.
Elgin, Kane and Cook Counties, Ill.—Bond Offering.—
Proposals will be received until .3 p. m. to-day (Jan. 19) by
C. F. O’Hara, C.ty Treasurer, at the Home National Bank
in L!g'n, for $5,000 4% coupon water-main-extension bonds.
Authority Illino's Statutes, Act of July 1 1872, Chapter 24,
Article V, Section 1, 3d and 5ih clauses.
Denomination
$500.
Date Jan. 1 1907.
Interest suni-annually at the
City Treasurer’s office. Maturity July 1 1911. Deposit of
$50 required with bids.
Official circular states that there
has never been any default in the payment of any obliga¬
tions of the city and t hat, there is no
controversy or litigation,
ponding o’* threatened, affecting the corporate existence, or
the boundaries of said municipality, or the title of its present
officials to their respective offices, or the validity of these
173
School Fund of
$50,000 bonds.
Halton County, Ont.—Debenture Sale Xot Consummated.—
This county recently awarded $4,000 debentures to F. II.
Deacon A Co. of Toronto.
We are informed, however, that
this sale was never consummated, owing to an error in the
by-law.
Hancock County (P. O. Now Cumberland), W. Va.—Bonds
Xot Sold.—No award has yet been made of the $125,000
bonds which this county has been offering for some time.
Hartsville, S. C.—Correction in Advertisement.—We
are
advised by J. J. Lawton, Chairman of the Board of Commis¬
sioners of Public Works, that the advertisement of the of¬
fering
on
Feb. 1
of $41,000 5% bonds
was
in
error
in stating
that the bonds are issued for the purpose of meeting the cost
of constructing and operating a system of water-works and
plant for sewerage,” Ac. The words and operating should
appear.
The corrected official notice will be found
among the ad-vert isemefits elsewhere in this department.
See V. 83, p. 1606, for description of bonds.
Hastings, Dakota County, Minn.—Bonds Awarded in Bart.
—This city has awarded $20,000 of the $50,000
4% water¬
works bonds, bids for which were
rejected on June 0 1906
(V. 83, p. 53), to the State oC Minnesota. We are informed
that it is not likely that any steps will be taken toward dis¬
posing of the balance of the bonds during this season.
Homestead, Alleghany County, Pa.—Bond Offering.—
Proposals will bo received until 7:30 p. in. Feb. 4 by Andrew
Hill, Borough Clerk, for $20,000 4% coupon water-worksimprovement bonds. These securities were authorized on
Nov. 6 1906 by a vote of 228 to 149.
Denomination $1,000.
Date Feb. 1 1907.
Interest .semi-annually at the First Na¬
tional Bank in Homestead.
Maturity Feb. 1 1937. Bonds
are exempt from taxation.
Certified cheek for $1,000, paya¬
ble to the borough of Homestead, is required. Louis Rott
is Borough Treasurer.
Hoosick Falls, Rensselaer County, N. Y.—Bonds Voted.—
On Jan. 15 this village authorized the issuance of
$75,000
bonds for the purchase of the water-plant.
The vote was
207 to 1.
Maturity $3,000 yearly, beginning three years
not
from date.
Houghton, Houghton County, Mich.—Bonds Authorized.—
The Village Council on Jan. 8 authorized the
Village Attorney
to draw up a bill providing for the issuance of
$50,000
sewerage-svsh m bonds.
Hudson County, N. J .—Bonds to Be Offered.—This
county
will be in
the market in about
a
month with
an
issue of
$600,000 4% 30-year coupon viaduct bonds.
Ithaca, Tompkins County,
N. Y.—Bond Sale.—The
Drainage and Park Commission on Dec. 24 1906 awarded
$100,000 4% municipal-improvement bonds to the Ithaca
Savings Bank on about a 3.90% basis. Denomination
$5,000.
Date “probably Feb. 1
1907.” Interest semi¬
annual.
Maturity $5,000 yearly, beginning Aug. 1 1922.
Jefferson County (P. O. Watertown), N. Y.—Bond Sale.—
On Jan. 16 the $70,000 4% 5-18-year (serial)
registered high¬
way and $20,000 4% 1-4-year (serial) registered almshouse
improvement bonds described in V. 84, p. 118, were awarded
to the Jefferson County Savings
Bank of Watertown at
101.155.
The bids
were as
follows:
$70,000
Highway
$20,000
Almshouse
Bonds.
Bonds.
Jefferson Comity Sav. Bk., Watertown (both Issues)
—$01,030 50—
Watertown Savings Bank, Watertown
$70,062 00
$20,058 00
Hudson City Savings Institution
70,000 50
S. A. Kean, Chicago
70,055 00
W. J. Hayes & Sons, Cleveland
70,035
_
_
Jenkins
00
County (P. O. Millen), Ga.—Bond Sale.—This
county, it is stated, has awarded the $43,000 court-house and
$15,000 bridge-building 5% 20-year bonds voted on Dec. 27
1906 (V. 84, p. 118) to the Security Trust Co. of
Spartan¬
burg.
-
Jones County (P. O. Ellisville), Miss.—Bond Offering.—
Proposals will be received to 12 m. Feb. 4 by W. H. Bufkin,
Clerk Board of Supervisors, for §120,000 5% 25-year coupon
Interest semi-annual.
court-house bonds.
for 10% of the bonds is required.
Certified check
Kiowa Precinct, Scotts Bluff County, Neb.—Bonds Voted.
—An election held in this precinct Jan. 7 resulted in favor
of issuing §4,000 0% bridge-building bonds.
The total num¬
ber of votes cast was 33, all of which were in favor of the
bonds.
The proceeds of these bonds will be used in the erec¬
tion of a bridge to be built jointly by Kiowa and Ford Pre¬
cincts, the latter voting on the same day to issue §5,000
bonds for this purpose.
Knoxville,
[Vol uiiit,
THE CHRONICLE.
174
Tenn.—Bonds
Not
Sold.—We
are
advised
under date of Jan. 11 that the §750,000 water-works bonds
offered but not sold on -May 1 1000 (V. 83, p. 339) have not
yet been placed.
Lake City, Williamsburg County, S. C.—Bond Offering.—
public auction 12 m., Feb. 4,
$15,000 0% coupon public-improvement bonds. These' se¬
curities are part of an issue of $20,000 bonds authorized by
The Town Council will offer at
Act of the General Assembly, passed Feb. 21 1900, of
which §5,000 were sold Oct. 1 1900—see V. 83, p. 990.
De¬
nomination not less than §100.
Date Jan. 1 1907.
Interest
an
annually in Lake City, Chicago or New York. Maturity
thirty years, subject to call after twenty yeais. Certified
check for §300 required., Purchaser to furnish bonds.
B. Wallace Jones Jr. is Clerk of Council and J. 11. Blackwell
is Town Intendent.
•Latonia, Kenton County, Ky.—Bond Sale.—On Jan. 15
$3,700 Park Avenue and $5,800 Church -Street 0%
the
5-10-year (optional) coupon bonds dated Jan. 1 1907 and
described in V. 84, p. 118, were awarded to the Provident
Savings Bank A Trust Co. of Cincinnati at 105.021 and
accrued interest.
Following are the bids:
Provident Savings Hank & Trust Co., Cincinnati
Citizens’ National Hank. Covington..
$9,077
9,830
Lawrence, Essex County, Mass .—Temporary Loan.—A
loan of $200,000 was recently negotiated with Coring, Tolman A Tapper of Boston tit 5.30% discount.
Loan matures
n seven months.
Lawton School District (P. O. Lawton), Comanche County,
Okla.—Bond Election Proposed.—It is stated that the School
Board will be petitioned to call an election to vote on the is¬
suance of building bonds.
Lincoln, Lancaster County, Neb.—Bonds Voted.—On Jan.
the issuance of $5,000 water-main-extension bonds was
authorized by a vote of 149 to 46.
Lockhart, Caldwell County, Tex.—Bond Offering.—Pro¬
9
McMechen, W. Va.—Bonds Not Sold.—No award has yet
been made of the $20,000 4^% coupon sewerage bonds
offered on Dec. 27 1906.
See V. 83, p. 1549, for description
of these securities.
Malden,Mass.—Sales for the Year.—During the year 1906
this city placed $305,000 of bonds.
With the exception of
the $20,000 described below, all these sales were recorded in
the “Chronicle” at the time.
$7,500 4% 1-7-year (serial) land bonds dated April 1 100G.
Awarded to the
sinking fund at par.
11,000 4% 2-12-year (serial) land bonds dated June 1 1906.
Awarded to the
Malden Hospital at par.
1,500 4% 1-year land bonds dated June 1 1906.
Awarded at par.
Mangum, Greer County, Okla.—Bond Election.—On Feb.
question of issuing $30,000 electric-light and $15,000
sewer 6% 20-year bonds will be submitted to a vote of the
people.
Marianna, Lee County, Ark.—Bond Sale.—We are ad¬
vised that the $26,000 coupon sewer-improvement District
No. 1 bonds, bids for which were rejected on Feb. 12 1900,
were awarded some months ago to the Mercantile Trust Co.
of St. Louis at par for 6s.
Denomination $1,000.* Date
July 1 1906. Interest.semi-annual. Maturity July 1 1930,
subject to call after July 1 1921.
Marion School District No. 4 (P. O. Marion), Smyth
County, Va.—Bond Sale.—We are advised that the $20,000
5% school-building bonds olfered but not sold on July 20
1906 (V. 83, p. 289) have been disposed of at par.
Denomi¬
nation $500.
Date July 1 1906.
Interest semi-annual.
Maturity July 1 1926, subject to call after live years.
Medford, Jackson County, Ore.—Bond Offering.—Further
details are at hand relative to" the offering on Feb. 11 of the
$45,000 5% coupon warrant-funding bonds mentioned in
V. 84, p. 119.
Proposals will be received until 8 p. m. on
that day by Benjamin M. Collins. City Recorder.
Au¬
thority .Section 73 of Chapter 9 of the City Charter. De¬
5 the
nomination $500.
Date March 5 1907.
Interest semi-annu¬
designated place in New York City.
Maturity March 5 1927. Bonds are exempt from all taxes.
Certified check for 5% of the amount bid, payable to the
City Recorder, is required. Bonded debt, including this
issue, $75,000. Assessed valuation for 1906, $1,089,959.
Midville, Burke County, Ga.—Bonds Not Yet Sold.—This
town has not yet disposed of the $5,000 5% 1-25-ycar (serial)
coupon school-building bonds, mention of which was made
in V. 83, p. 114.
Monroe, Green County, Wis.—Bond Sale.—This place has
disposed of an issue of $85,000 4% water-works bonds.
Monrovia, Los Angeles County, Cal.—Bond Election —
Reports state that the election to vote on the question of
issuing the $85,000 water-system-improvement bonds men¬
tioned in V. 83, p. 1428, will be held Feb. 12.
Montgomery, Ala.—Bonds Valid,—The State Supreme
Court has rendered a decision holding valid the $549,000
4^% gold refunding bonds authorized by the City Council on
ally in Medford
or
posals will be received until 3 p. m. Feb. 4 by M. O. Flowers,
City Secretary, for the $15,000 5% public-school-building
bonds voted on May 5 1906.
See V. 82, p. 1170. Denomi¬
nation $500.
Interest payable at the State Treasurer’s
office, at the First National Bank in Chicago or at the Na¬
Nov. 5 1906.
tional Park Bank in New York City, at option of holder.
Montpelier, Washington County, Vt.—Bond Sale.—This
Maturity 40 years, subject to call §1,500 in 5 years, $2,500 in
city recently awarded $1,000 of the $6,000 city-stable bonds
10 years, §3,000 in 15 years, §3,500 in 20 years and $4,500
voted on Oct. 25 1906 to the Montpelier Savings Bank A
in 25 years.
Certified check for $200 required with bids.
Trust Co. at par for 4% 5-year bonds. *• The balance of the
The official notice of this bond, offering will be found among issue was taken
by the citjN Denomination $1,000. In¬
the advertisements elsewhere in this Department.
to re-st April and October.
Lodi School District (P. O. Lodi), Bergen County, N. J.—
Montreal Protestant School District, Que.— Bids.—Fol¬
Bond Offering.—Proposals will lie received until 8 p. m., lowing are the bids received on Jan. 9 for the $275,000 4%
Jan. 23, by Jacob Van Hook, District Clerk of the Board of school-building bonds awarded, as previously stated, to
Education, for $45,000 5% coupon school bonds.
Denomi¬ R. Wilson Smith of Montreal at 99.50 and accrued interest:
nation $1,000.
Date Jan. 1 1907. Interest semi-annually K. Wilson Smith. Montreal
_99.50|E. H. Gay &Co., Montreal—,.95.33
at the People’s Bank A Trust Co. in Passaic.
Maturity Wood, Gundy & Co., Toronto .96.74 |
Denomination $1,000.
Date January 1907,. Interest
$1,000 yearly on Jan. 1 from 1912 to 1956 inclusive. The
bonds will be certified to as to genuineness by the United semi-annual.
Maturity Jan. 1 1937.
States Mortgage A Trust Co. of New York CitjN
Each bid
Moore’s Mill School District (P. O. Moore’s Mill), Dutchess
must be made on a blank form furnished by the city and must
County, N. Y.—Bond Sale.—On Jan. 14 the $1,400 5%
be accompanied by a certified check for 3% of the bonds
1-5-year (serial) school-house bonds offered on that day
bid for, payable to the District Clerk.
Accrued interest to (Y. 84, p. 119) were awarded to Isaac W. Sherrill of Pough¬
be paid by purchaser.
keepsie for $1,401. There were no other bidders. Denomi¬
Loganville, Walton County, Ga.—Bond Sale.—This place nation $280. Date Jan. 1 1907. Interest annual.
in November awarded a 810.()()() 5% school-building bond
Mount Vernon, Westchester County, N. Y.—Bonds Not
to the Providence Realty A Development Co. of Atlanta at
Sold.—Bond Offering.—No bids were received on Jan. 15 for
par.
Bond is dated Sept. 1 1906. Interest annually in the $80,000 4% refunding bonds described in V. 84, p. 62.
December.
Maturity thirty years, subject to call after
Proposals are again asked for these bonds, this time until
twenty years. This bond takes the place of the §10,000 5% Feb.5.
•
school-building bonds awarded some time since to R. L. Hol¬
land of Conyers (V. S3, p. 925), which sale was never con¬
Muscatine, Muscatine County, Iowa.—Bond Sale.—On
Jan. 9 a resolution was adopted providing for the issuance
summated.
of $68,513 65 6% Improvement District No. 23, assess¬
McAlester, Ind. Ter.—Bonds Not Legal.—Under date
Denomination $500, $400, $300, $200 and
Jan. 8, J. M. Gannaway, City Clerk, writes us as follows ment bonds.
§100.
Date Jan. 10 1907. Maturity seven years, subject
regarding the $200,000 school, water and sewer bonds
to call at any time.
Under the terms of this resolution the
awarded last October to Spitzer A Co. of Toledo (V. 83,
bonds are to be delivered to the contractor, R. K. Smith of
p. S48):
Muscatine, in payment for work done by him.
“The opinion of Dillon & Hubbard on the Issue by the city of McAlester
of 5200,000 school and water and sewer bonds was received on Jan. 7, and
Natick, Middlesex County, Mass.—Bond Sale.—This town
falls to approve the same, quoting the Act of Congress of July 30 1880.
has sold $8,500 school bonds.
which, If applicable, forbids territory towns the right to Issue bonds in
of 4% of assessed valuation, and as our city has $150,000 water
outstanding, and the assessment of 1005 (somewhat more than
$4,000,000) was the one considered when proceedings were begun, our
limit under the Act quoted would be exceeded materially. Acting upon
the advice of the above attorneys, however, a strong efTort Is to be made
Immediately to have Congress pass a special Act, validating the Issue.
In
case this Act Is secured the city will, of course, ask for new bids.”
excess
bonds
(P. O. Casper), Wyo.—Bond Sale.—On
4F£% 10-20-year (optional) court-house
bonds described in V. 83, p." 1549, wrere awarded to the State
of Wyoming at 100.25 and accrued interest—a basis of about
Natrona County
Jan. 8 the $40,000
Jan. 19 1*907. |
THE CHRONICLE.
3.469% to the optional date
Following are the bids:
State of Wyoming
C. H. Townsend, Casper
C. H. Coffin, Chicago.
-
or
3.481% to full maturity.
$40,100IE. H. Rollins &Sons, Denv-.$40,000
40,025[N. W. Harris & Co., Chicago. 40,000
40,0111 John Nuveen & Co., Chicago. 40,000
Nelsonville School District (P. O. Nelsonville), Athens
•County, Ohio.—Bond Offering.—Proposals will be received
until 12 m. Feb. 5 at the oifice of the School Superintendent
for $45,000 4% coupon school-building bonds.
Authority
.Section 3992 of the Revised Statutes as amended and ap¬
proved April 25 1904. Denomination $500. Date Feb. 5
1907.
Interest semi-annually at one of the banks in Nelson¬
ville
the office of the Treasurer of the District.
or at
Matur¬
ity $1,000 each six months from Sept. 1 1912 to Sept. 1 1934
inclusive.
Each bid must be made on a blank form fur¬
nished by the district and must be accompanied by a certified
check on some bank in Nelsonville for 5% of the amount bid.
Bonds will be delivered March 1.
Aaron Grady is Clerk of
the Board of Education.
New Madrid
County (P. O. New Madrid), Mo.—Bond
Offering.—Proposals will be received until 12 in., Jan. 22,
by S. R. Hunter Jr., County Treasurer, for $180,000 6%
coupon Drainage District No. 19 bonds.
Denomination
$1,000.
Date Feb. 1 1907.
Interest semi-annually in New
Madrid.
Maturity part yearly for twenty years. Certified
check for $1,000, payable to the County Treasurer, is re¬
quired.
New Orleans, La.—Bond
Offering.—Proposals will be re¬
ceived until 3 p. m. Feb. 13 by the Board of Liquidation
of
the City Debt for from $175,000 to $200,000 4% coupon
school-teachers'-salary bonds. Authority, Act. No. 2 of
the General Assembly of 1906.
Denomination $1,000.
Date Jan. 1 1907.
Interest semi-annual.
Maturity Jan. 1
1927, subject to call after Jan. 1 1917. Certified check for
$5,000 on the entire issue and for 3% on an amount less than
the entire issue is required.
Norwich School District (P. O. Norwich), McHenry
County, N. D.—Bond Sale.—This district recently sold an
issue of school-house bonds to the State of North Dakota.
Noxubee
County (P. O. Macon), Miss.—Bond Sale.—On
Jan. 8 the $20,000 4p2% 20-year
gold coupon jail-building
bonds, a description of which was given in V. S3, p. 1549,
were awarded to
Emery, Anderson A Co. of Cleveland at
102.165 and accrued interest—a basis of about 4.337%.
Orange, Essex County, N. J.—Bids.—The following bids
were received on Jan. 7 for the
$54,000 4% 30-year coupon
funding bonds awarded, as stated in V. 84, p. 119, to N. W.
Halsey A Co. of New York City at 100.277 and accrued
interest:
•
X. W.
Halsey &Co.. X. Y_n$100.277 i W. J. Hayes & Sons, Boston.100.025
lvountze Bros., New York
100.0771 Prov. Inst. forSav., Jer. Cy.nlOO
And Interest.
175
San Jose School District, Santa ClarajCounty, Cal.—Bond
Sale.—On- Jan. 7 the $175,000 high-school and $225,000
grammar-school 4% gold coupon bonds described in V. 83,
p. 1550, were awarded to the California State Board of Ex¬
aminers for $402,375 (100.593) and accrued interest—a
basis of about 3.953%.
There
were no
other bidders.
San Patricio County (P. O. Sinton), Tex.—Bond Sale.—
The State Board of Education has purchased at 101.50 the
$2,000 5% 5-20-year (optional) bridge bonds dated April 10
1906, registered by the State Comptroller on Dec. 15 1906.
—V. 83, p. 1608.
Sarcoxie, Jasper County, TULo.—Bonds
to be
Offered Shortly.
—This city will be in the market in the near future with the
$10,000 water-works bonds voted on Nov. 27 1906. See
V. 83, p. 1431.
Selkirk, Manitoba.—Debenture Offering.—Proposals will
be received until 12 m. Feb. 10
(this date falls on Sunday
but it is so given in the advertisement) by Thomas
Parting¬
ton,
Secretary-Treasurer, for the following debentures:
$70,000 5"o coupon water-works debentures.
Denomination $500.
Inter¬
est June 1 atul Dec. 1.
Maturity on Dec. 1 as follows: $500
yearly from 1007 to 1021 Inclusive, $1,000 yearly from 1022
to 1031 Inclusive, $1,500 yearly from 1032 to 1041 Inclusive,
$2,000 yearly from 1042 to 1051 Inclusive and
$3,500
yearly from 1052 to 1056 Inclusive.
80,000 5% sewerage debentures.
Interest May 1 and Nov. 1.
Maturity
part due each six months from May 1 1007 to Nov. 1 1056
Inclusive.
Selma, Ala.—Bonds Temporarily Enjoined.—A. Iv. Cawthon, a tax-payer, has secured a temporary injunction pre¬
venting the delivery of the $150,000 5% water bonds recently
awarded.
Mr. Cawthon claims that the bonds were issued
in different form from that authorized
by the electors at the
election held last April.
No provision, he says, is made in
the bonds for redemption at the option
of the city prior to
maturity, whereas in the resolution as submitted to the
people a three-year option was provided.
Shawnee, Pottawatamie County, Okla.—Bonds Re¬
awarded.—On Jan. 5 the $165,000 5% sewer and water-
extension bonds awarded on Dec. 13 1906 to the Trust Com¬
pany of Dallas were re-awarded, it is stated, to Spitzer A Co.
of Toledo for $171,000, the
price thus being 103.636.
Simpsonville School District (P. O. Simpsonville), Green¬
County, So. Car .—Bond Offering.—Proposals will be
received until 12 m. Feb. 12 by the Board of Trustees at
the office of 8. J. Willson in
Simpsonville for $4,500 20-year
school bonds at not exceeding 0% interest.
Certified check
for $100 required.
ville
South Charleston School District (P. O. South Charleston),
Clark County, Ohio.—Bond
Offering.—Proposals will be re¬
ceived until 12 m., Feb. 14, by C. N. Shough,
Clerk Board of
Education, for $35,000 4% coupon building bonds. Author¬
Oswego, N. Y.—Bonds Not Yet Sold.—No award has yet ity, Sections 3991 and 3992 of-the Revised Statutes. De¬
been made of the $200,000 3>£% registered
water bonds- nomination $1,000. Date, day of sale. Interest semi¬
annual.
mentioned in V. 82, p. 350.
Maturity $1,000 yearly beginning one year from
Paxton, Ford County, Ill.—Bond Sale.—On Jan. 7 the date. Certified check for $100 on each bond bid for, payable
City Council passed an ordinance providing for the issuance to the Clerk of the Board of Education, is required. Accrued
interest* to be paid by purchaser.
of $29,700 5% coupon
street-improvement assessment bonds.
Denominations: $500, $200 and $100.
Date Feb. 1 1907.
South Omaha, Douglas County, Neb.—Bond Sale.—This
Interest annual^ on April 1 at the office of the City Treas¬ city lias awarded the
$10,000 4% park bonds offered on
urer.
Maturity $3,300 yearly on April 1 from 1908 to 1916 Jan. 7 (V. 84, p. 63) to Spitzer A Co. of Toledo at par and
inclusive.
Under ordinance these bonds are to be delivered accrued interest.
A bid of par and accrued interest, less
to H. C. Finley, the Contractor, in
payment for work done.
$2,000 for blank bonds, attorney’s fees and other expenses,
Randolph, Dodge County, Wis.—Bond Election.—Accord¬ was also received from W. J. Hayes A Sons of Cleveland.
ing to local papers, an election will be held in this place Jan. 25 Interest semi-annually in New York City. Maturity twenty
to vote on a
proposition to issue $13,000 water-works bonds. years, subject to call after five years.
Rensselaer County (P. O. Troy), N. Y.—Bond Sale.—On
Steelton, Ont.—Debenture Offering.—Proposals will be re¬
Jan. 15 the $84,000 4% 1-28-year (serial)
registered high- ceived until Feb. 2 by J. Robinson for $87,000 4* 2% 30-year
way-improvement (third series) bonds and the $20,000 4% water-works debentures and $10,000 20-year municipal¬
1-20-ycar (serial) refunding bonds dated Feb. 1 1907 and building debentures.
described in V. 83, p. 1608, were awarded to the Troy SavStroud, Lincoln County, Okla.—Bond Election.—On Jan.
iings Bank of Troy at 100.55 and 100.425 respectively. This 22 the citizens of this place will vote on the question of issu¬
is on a basis of 3.95%.
ing $10,000 6% 30-year additional-water-works bonds.
Rolla, Phelps County, Mo.—Bond Sale.—On Jan. 7 the
Sutton, Braxton County, Va.—Bond
$38,000 water-works and $10,000 sower 5% 20-ynar bonds will be received until 6 p. m. Feb. 1 Offering.—Proposals
by W. L. Armstrong,
described in V. 83, p. 1431, were awarded, it is stated, to the* Town
Recorder,
for $1S,000 5% coupon bonds. Securities
Wm. R. Compton Bond A Mortgage Co. of Macon.
are dated Jan. 1
1907.
Interest annually at the Seaboard
Rutherford School District (P. O. Rutherford), Bergen National Bank in New York City.
Maturity thirty years,
County, N. J.—Bond Offering.—C. P. Perham, District Clerk, subject to call after ten years.
is offering at private sale $10,000
Talihima School District, Choctaw Nation, Ind. Ter.—
4% coupon school-building
bonds.
Denomination $1,000.
Date Dec. 1 1906.
Interest Bond Sale.—We are advised that the $5,000 6%
bonds
semi-annually at the Rutherford National Bank in Ruther¬ recently approved were awarded to R. J. Edwards of Okla¬
ford.
Maturity Dec. 1 1906.
homa City at par.
Denomination. $1,000. Date Oct. 1
Sacramento, Cal.—Bond Election Proposed.—The Board of 1906. Interest semi-annual. Maturity Oct. 1 1920.R1
Trustees has passed an ordinance preliminary to calling a
Titus County (Tex.) Common School District.—Bond Sale.
special election for tin; purpose1 of voting on the question of —The $500 5%
15-20-year (optional) school-house bonds
issuing $300,000 city-hall bonds.
dated May 1 1 1906,' registered by the State
Comptroller
St. Joseph County (P. O. South Bend), Ind.—Bond Sale.—
Nov. 26 1906 (V. 83, p. 1132), were sold on Dec. 20 1906 to
On Jan. 17 tin*-$210,000
bridge and $60,000 asylum 33/2% the Titus County Permanent School Fund.
coupon bonds described in V. 83, p. 1551, were awarded to
Todd County (P. O. Long Prairie), Minn.—Bond Sale.—
N. W. Harris A Co. of Chicago for
$273,162, the price thus On Jan. 10 the $50,000 6% 10-year coupon ditch-const ruc¬
being 101.171—a basis of about 3.383•>%.
tion bonds described in V. 83,
p. 1551, were awarded to U. M.
St. Paul, Minn.—Bond Sale.—On Jan. 16 the
following Stoddard A Co. of Minneapolis at 101.80.
bids were received for the $25,000 4%;
30-year coupon park
Troy, N. Y.—Revenue Bond Sale.—On Jan. 15 this city
bonds described in V. 84, p. 63:
awarded $100,000 4% 8-months revenue bonds—$50,000
E. H. Rollins &
Sons,Chic.$25,453 751 Emery,Anderson&Co..Clev$25,325 on
OoUlman,Sachs&Co.,Chic. 25,450 00 W. J. Haves & Sons.Clcv. 25,300 00 to the Security Trust Co.-of Troy and 850,000 to the Troy
keasongood &
a
Mayer, Cln. 25.400 001
Trust Co. at par.
-
•
(P. O. Uniontown), Fayette
County, Pa.—Bond Bale.—This district recently awarded the
$40,000 4% building bonds mentioned in V. 83, p. 1009, to
MacDonald, McCoy & Co. of Chicago at par. Denomination
$1,000.
Date Jan. 1 1907. Interest April 1 and October 1.
Maturity $2,000 yearly, beginning in 1909.
Vancouver, B. C.—Loans Authorized. — Local papers state
that the following by-laws carried on Jan. 10:
Uniontown School District
;
By-law to- raise 534,500 for the purchase of additional lire protection
apparatus and the erection and equipment/of lire-halis.
By-law to raise 535,000 for the purchase of school sites.
By-law to raise 520,000 for the purpose of erecting school hoard offices
and
store-rooms
for school
purposes.
By-law to raise $10,000 for the purchase of land for a public park in Fairview.
Vegreville, Alberta.—Debenture Offering.—Proposals will
be received until Jan. 31 by F. A. Morrison, SecretaryTreasurer, for $8,009 G% fire-protection debentures. Securi¬
ties are dated Jan. 2 1907.
Interest annual.
Maturity
part yearly on Jan. 2 from 1908 to 1927 inclusive.
Warrensburg School District (P. O. Warrensburg), John¬
son County,
Mo.—Bond Bale.— We are advised that the*
$0,009 4% bonds registered by the State Auditor on Dec. 20
1900 (V. 81, p. 64) were awarded some time since to the Citi¬
zens’ Bank of Warrensburg at par.
Denomination $500.
Date Sept. I 1900.
Interest semi-annual. Maturity Sept.
1 1920, subject to call after Sept. 1 1910.
Washington Heights (Tex.) Independent. School District.
—Bonds Itegistered and Bold.—On Jan. 7 the State Comp¬
troller registered $0,000 5% 20-40-year (optional), schoolhouse
bonds of this
bonds have been
at
district dated
Dec.
1900.
21
These
purchased bv the State Board of Education
101.00.
Washington Township School District, Shelby County,
5% school bonds
Ohio. — Bond Bale.—On Jan. 5 the $990
described in V. Si, p. (il, were awarded to
the First National
Exchange Bank of Sidney for $995 (100.505) and accrued
interest—a basis of about 4.71}^%.
Waterbury, Conn.—Bond Offering.—Proposals will be
received until 8 p. in. Feb. IS by William II. Sandland,
City Clerk; for $15,000 coupon water bonds. Denomination
$1,000.
Date Jan. 1 1907. Interest semi-annually by
bid for, payable to
of bonds April 1.
Wayland, Allegan County, Mich.—Bonds Defeated.—The
city recently defeated a proposition to issue
$250,000 water-wocks bonds.
Wayne County (P. O. Wooster), Ohio.—Bond Offering.—
voters of this
The Board of Commissioners will offer for sale at the office
of Isaac N. Hough, County Auditor, 10 a. m. Feb. l,the
following bonds:
59,600 4% coupon
Fork
Muddy
Ditch
No.
bonds.
97
Denomination
51,200.
Maturity $1,200 yearly on Feb. 1 from 1908 to
1915 inclusive.
?.(f
1,600 4% coupon Fox Lake Ditch No. 152 (Joint Stark and Wayne coun¬
Denomination 5400.
ties) bonds.
Maturity 5400 yearly
on Feb.
1 from 1908 to 1911 Inclusive.
900 4% coupon Graber Ditch No. 164 bonds.
Denomination $300.
Maturity 5300 yearly on Feb. 1 from 1908 to 1910 inclusive.
-
1,000 4% coupon Bert Wells Ditch No. 145 bonds.
Denomination $500-
Maturity $500 Feb. 1 1908 and $500 Feb. 1 1909.
The above' bonds will be dated Feb.
1
Interest
1907.
semi-annual.
-^Waynesboro School District (P. O. Waynesboro), Franklin
County, Pa .—Bond Bale.—Wc have just been advised that
the $20,000 4% 15-30-year (optional) coupon refunding
bonds described in V. 83, p. 1251, were awarded on Dec.jlO
1906 to People's National Bank of Waynesboro for $20,101 75
—the price thus being 100.508.
Wellington, Sumner County, Kan.—No Action Yet Taken.
—No action has yet been taken in the matter of issuing,the
$15,000 city-building, $10,000 electric-light-plant-improvement ‘ and
$30,000 water-works-plant-extension coupon
bonds voted on Oct. 9.
See V. 83, p. 1061.
West Allis, Milwaukee County, Wis.—Bonds Authorized.
—On Jan. 3 the Common Council passed an ordinance pro¬
viding for the issuance of $20,000 school-building^bonds. .J
West Branch, Cedar County, Iowa.—Bonds Voted.—The
election Dec. 10 resulted in a vote of S7 to 17jin favor of
issuing the $15,000 water-works bonds mentioned in V. S3,
]). 1432.
Details of bonds and date of sale notjyeFdeter¬
mined.
NEW LOANS.
#650,000
#100,000
#41,000
Town of Greenwich, Coni).,
CITY, N. J.
City of ATLANTIC
proposals for
will
CITY
5800,000 WATER BONDS,
JULY 1, 1906, maturing .JULY
receive
1. 1941,
bearing Interest at the rate of four and one-half
per centum (4V£%) per annum.
5175,000 PAVING BONDS,
dated JANUARY 1. 1907, maturing JANUARY
1, 1927, with Interest at the rate of four and onehalf per centum (4pj%) per annum.
$75,000 PAVING BONDS,
dated JANUARY 1, 1907, maturing JANUARY
1, 1927, with Interest at the rate of four and onehalf per centum (4,-.%) per annum.
570,000 PAVING BONDS,
dated June 1. 1905, maturing JUNE 1, 1925,
with Interest at the rate of four per centum (4%)
to legality will accompany the bonds when
delivered,
without
charge to the purchaser.
THE BONDS WILT. BE ENGRAVED UNDER
THE SUPERVISION OF AND CERTIFIED
THEIR
BY
TO
AS
TO
GENUINENESS
COLUMBIA
THE
TRUST
COMPANY
OF
NEW YORK.
Bids will be received until 12 O’CLOCK M..
SATURDAY, FEBRUARY 9. 1907.
The City
of Atlantic City reserves the right to reject any
or all bills.
Bonds will be delivered to the pur¬
chaser on or about March 1, 1907.
Every bid
must be accompanied by a certified check or
cash as follows:
For the 5300,000 Water Bonds
55,000
For the $175,000 Paving Bonds
3,000
For the
575,000 Paving Bonds
1,500
For the
$70,000 Paving Bonds
1,500
For the
$30,000 Hospital Bonds..
1,000
as
~
6% Coupon Bonds.
Sealed proposals will be received at The Green¬
wich Trust, Loan & Deposit Company, in said
Greenwich, until 12 o’clock noon, FEBRUARY
M.
15TH,
1907, for
coupon
bonds,
tiie purchase of $100,000 4%
denomination
HESTON,
Com ptroller.
Interest.
Bonds
td be paid for and delivered at said
Company on February 25th, 1907.
The right Is reserved to reject3 any and all bids.
Address all bids to The Greenwich Trust, Loan
& Deposit Company, and endorse plainly on the
envelope the words, “Bid for High School Bonds."
Further information given by said Company
upon application.
Dated Greenwich, Connecticut, January 15th,
1907.
SILAS I). HITCH,
j Selectmen of
J. ALBERT LOCKWOOD,
11lie Town of
CHARLES F. ADAMS.
J Greenwich.
MUNICIPAL
AND
& Co.,
CORPORATION
REPUBLIC OF CUBA
5% Internal Bonds
C.,
until
12 o’clock
noon.
FEB¬
pose of this Issue of bonds Js to meet the cost of
constructing a system of water works and plant
for sewerage and lighting purposes, for -the use
and benefit of the said town.
r**1
The Town of Hartsville has no present bonded
or
other Indebtedness.
,
Certified check for $1,-
payable to the order of J. J. Lawton,
Chairman, to accompany all bids, and to be for¬
feited in case of failure of purchaser to comply
No bids for less than par and ac¬
with his bid.
crued Interest will be considered.
Right reserved
to reject any or all bids.
Address all bids to the
000 00,
Board of Commissioners of Public Works, Hartsvllle, S. C., and endorse plainly on the envelope
the words,'"Bid for Bonds.”
For further Information apply to the Chairman.
J. J. LAWTON. Chairman.
F. A. MILLER, Secretary.
Specialists in New Jersey Securities.
YIELDING OVER 5%
BANKERS,
Members of New York and Philadelphia
Stock Exchange*.
Private Wires to
N.Y. and Philadelphia.
Payable In U. S. Gold Coin
757-7H9 Broad St.
NEWARK.
PER ANNum
INVESTMENT BONDS
T. W. STEPHENS
2 Wall
& CO.,
Street, New York.
CHICAGO
BALTIMORE
1st Nat. Bunk Bldg.
BONDS MM?
COUPONS
with steel-plate border*, or ithngraphed. or part
ly printed from type. If the latter, then can be.
IN FEW
DAYS
In best manner, or partly
lithographed and partly printed
C«*r’Itlcates engraved
Chicago.
List* upon request.
Denison &
Farnsworth,
BOSTON
CLETELANOand PHILADELPHIA
MUNICIPAL AND RAILROAD
DELIVERED
BONDS.
xSi La Salle Street,
S.
RUARY 1ST
1907, lor the purchase of FortyOne Thousand Dollars ($41,000 00) live per cent
coupon bonds, t«» be dated January 1st, 1907,and
payable forty years after date, with the privilege
ol redemption twenty years after date.
Interest
payable January 1st and July 1st of each year at
Bank of Hartsville, Hartsville, S. C.
The pur¬
eisele & king,
Continental Building.
Mac Donald, McCoy
payable
$500,
Hartsville,
$12,000
A circular letter with full particulars and blank
form of proposal will be mailed to prospective
bidder on application to
A.
So. Oar,,
Sealed proposals will be received by the Board
of Commissioners of Public Works of the Towniof
principal of bonds bid for, payable to the order
of the Treasurer of the Town of Greenwich, to
accompany all bids, and to be forfeited in case
of failure of purchaser to comply with his bid.
Purchasers to pay in addition to bid accrued
*
Town of Hartsville,
High School 4% Bonds.
July 1st, 1935, Interest payable January 1st and
July 1st In each year, issued by the Town of
Greenwich, pursuant to a Special Act of the
General Assembly of the State of Connecticut.
Bids will be received for all or any part of the
lot not less than $10,000 In amount.
A certified check, If bid Is for entire lot, of
$1,000; If bid is for less than entire lot, of 1% of
per annum.
$80,000
MUNICIPAL HOSPITAL BONDS,
dated SEPTEMBER 1, 1906, maturing SEP
TEMPER 1, 1936, with interest at the rate of
four per centum (4%) per annum.
All of these bonds are without option, and free
from tax.
Principal and interest are payable at
HANOVER
the
NATIONAL BANK.
NEW
YORK CITY.
These bonds will be approved as to legality by
Dillon & Hubbard of New York, whose certificate
Delivery
the City Treasurer, is required.
NEW LOANS.
BONDS
dated
New York draft.
Maturity* $5,000 yearly on Jan. 1 from
1908 to 1910 inclusive.
Certified check for 1% of the bonds
NEW LOANS.
ATLANTIC
The
sealed
[VOL. LKXXIY.
THE CHRONICLE,
176
ALBERT B. KING & CO., 206
Broadway, N. Y.
BONDS.
UST OK APPLICATION.
SEA80NG00D & MAYES
mercantile Library Bwilttns*
CUfCftNNATI.
Jan. 19
1907.]
THE CHRONICLE.
i
1
/ 4
West Monroe, Ouachita Parish, La.—Bonds Authorized.—
Wilmington, New Castle County, Del.—Loan Proposed.—
This town is making arrangements for the issuance of bonds ' It is stated that a loan of
$800,000 will probably be asked
for a town-hall and for an electric-light-plant.
for to complete the new water system.
West Palm Beach, Dade County, Fla.—Bond Offering.—
Wolfe
,
j
j
Proposals will be received until 10 a. m. Feb. o by the
City Clerk for the $7,500 5% gold coupon street-improvcand sewer-extension bonds voted on
Denomination $500.
Date Feb. 1 1907.
ment
Dec. 28 1906.
Interest semi¬
City, Hunt County, Tex.— Bond Sale.—The State
106.55 $4,000 5%
15-40-year (optional) water-works bonds of this place.
Securities are dated Sept. 1 1906.
Worcester, Mass.—Sales for the Year.—During the year
1906 this city placed $274,325 of bonds, all of which were
noticed in the “Chronicle” at the time.
Temporary loans
to the amount of $750,000 were also negotiated, the
report
of the following, amounting to $235,000, not yet having
appeared in print:
Board of Education has purchased at
annually at the office of the City Treasurer. Maturity
thirty years, subject to call after ten years.
Wheeler County (P. O. Bartlett), Neb.—Bonds Not Issued, j
—We are informed that the $38,000 5% 10-20-year (optional) ;
bonds in aid of the Midland Central Hail road Co. voted on i
Feb. 20 1906 (V. 82, p. 654) have not been issued, as the
road was never built.
White Plains, Union Free School District No. 1 (P. O.
White Plains), Westchester County, N. Y.—Bond Offering
Postponed.—The sale of the $150,000 4% bonds described
in V. 83, p. 1552, which was to have taken place Jan. 11,
has been postponed until Jan. 29.
The bids received were
not opened.
Proposals will, therefore, be received until
8 p. m. Jan. 29 1907 at the office of Guy H.
Baskerville,
Superintendent of Schools, for $150,000 4% -bonds. De¬
Young County (P. O. Graham), Tex.—Bonds Registered.—
an issue of $3,996/4% 1-10-year (optional) bridgerepair bonds dated Nov. 12 1907 was registered by the State
Comptroller.
1
Go. of Cleveland at 102.40 and accrued interest-—t
of about 4.30%.
Following are the bids:
$3,030
$3,000
Hayden,Miller & Co.. Cleve...$3,072
Hrighton-German Bk. Co., CIn. 3,070
Otis & Hough, Cleveland
3,063
Firemen’s l’en. Fd., Youngst’n. 3,000
payment for work done.
zerne
&
LOCKHART, TEXAS,
ty-live
Member*
Principal and Interest will be
made payable at the office of the State Treasurer,
or at tfie National Park Bank In New York City,
or at the First National Bank lit Chicago, at the
option of the holder.
Certified check for $200 must accompany each
bid.
M. O. FLOWERS,
City Secretary.
1,429 54
HONW
43
$3,102 75
3,101
3,093
3,091
3,085
1.428 00
1 ,426 01
cl ,589 01
1,588 30
65
93
00
67
60
All the above bids include accrued interest.
INVESTMENTS.
COMPANY,
R
L.
DAY
&
CO.,
BANKERS,
6% School Bonds.
Sealed bids will be received until 3 P. M.,
FEBRUARY 4, by M. O. Flowers. City Secre¬
tary, for $15,000 school house bonds, bearing live
(5) per cent Interest.
Securities are in denomi¬
nation of $500 and will mature in forty (40)
years, the city reserving the right to retire $1,500
In live years, $2,500 in ten years, $3,000 la liftcen
years, $3,500 In twenty years and $4,500 In twen¬
1,592 92
<£ Loveless
Are.
bonds.
Rudolph Kleybolte & Co., Cincinnati (bid in bulk) $9,086 20
INVESTMENTS.
ERVIN
80
Morgan F. Rees, Ilubbard—
1.586 17
Breed & Harrison, Cincinnati (bid in bulk) S9.171
County, Pa.—Bonds Not Sold.—No award was made
school-building bonds
»15,000
$1,597 44
1,589 65
$1,400
B rcadrn
St. bonds.
$1,433 60
1,425 25
bonds.
00
30
00
3,055 51
Somerset Bank, Somerset
Dollar Sav. & Tr. Co., Yngst’n
Jan. 15 of the $98,000 4% coupon
described in V. 83, p. 1552.
NEW LOANS.
$1,560
Jerry St
Waldo St.
bonds.
Wilkes-Barre School District (P. O. Wilkes-Barre), Lu¬
on
asis
ton St.
annually in New York. Maturity one-tenth yearly. These
bonds, wo are informed, will be turned over to the contractor
in
>
Worthing
Interest semi¬
1906.
v'
Youngstov/n, Ohio.—Bond Sale.—On Jan. 14 the four
issues of 5% 3?q-year (average) sewer and sidewalk bonds
described in A*. 83, p. 1610, were awarded to Hayden, Miller
inclusive, $8,000 yearly from 1918 to 1922 inclusive and
$9,000 yearly' from 1923 to 1927 inclusive.’ Certified check
on a State or national bank or trust
company for 5% of the
amount bid is required.
Wichita, Kansas.—Bond Sale.—The issuance of $10,934 97
First Street paving asssesment and $10,133,82 Douglas
Avenue paving 5% coupon bonds has been authorized.
Date Dec.
Maturity Oct. 15 1906.
$20,000 loan awarded July 30 to the sinking fund at 4% discount.
Matur¬
ity Oct. 15 1906.
$65,000 loan awarded Aug. 14 to the sinking fund at 4% discount.
Matur¬
ity Oct. 15 1906.
$50,000 loan awarded Sept. 4 to the Worcester Mechanics’ Savings Hank of
Worcester at 5.90% discount.-.^Maturity Oct. 11 1906.
On Jan. 9
nomination $1,000.
Date Jan. 1 1907.
Interest semi¬
annual.
Maturity on Jam 1 as follows: $6,000 yearly from
1908 to 1912 inclusive, $7,000 yearly, from 1913 to 1917
Denomination $1,000.
to Wm. A. Richardson at 3.75% discount
$50,000 loan awarded Feb. 9
Maturity Oct. 13 1900.
$50,000 loan awarded April 16 to the sinking fund at 4.10% discount.
;New York Stock Exchange,
gtoek Exchange,
BANKERS,
^
35
Congress Street,
l«VJSfST*B!VT
FOR
Drexel
Exchange Place,
New York.
BOSTON.-
3 Nassau Street,
NEW YORK.
Building,
New York
Philadelphia.
years.
City Bonds
EXEMPT FROM
AND
H. W. NOBLE & COMPANY,
STATE, COUNTY
CITY
TAXES
Detroit.
c
New York.
Philadelphia.
MUNICIPAL
AND
Perry, Coffin & Burr,
INVESTMENT BONDS,
Blodget, Merritt & Co
PUBLIC SERVICE CORPORATION
16 Congress
BONDS.
Albert
60 State Street,
Kleybolte & Co.,
Walnut Street,
CINCINNATI, O,
F. B. SHERMAN & CO.
STATE, CITY A RAILROAD BONDS.
Municipal,
County,
State,.
and
High-Grade
Public
Adrian H. Mufler & Son
AUCTIONEERS.
Regular Weekly Sales
Service
Securities
)
and
-CORPORATION
)
Correspondence Solicited
BONDS
THE
205 La Salle Street, CHICAGO
READY JAN. 15.
HAND-BOOK
OF
Railroad Securities
METROPOLITAN INVESTMENT OO.,
A
No.
66
Financial
Or
H. C,
$i OO
-
73
Commercial & Financial Chronicle,
New York
Speer & Sons Co.
FirsVNat. Bank Building, Chicago
CITY
COUNTY
AND TOWNSH P
RONI^IQ
MmJIMUl
WILLIAM
ITBE1T
Garner Plat Street.
a
Courtship
Plea for Conservative
Investments
Established 1885.
TERMS
F.VEET WEDNESDAY.
OflBce
Ml Ml
or
STOCKS and BONDS
Businesa Opportunities, Investment
Securities, Real Estate, Timber Mines,
Industrial Properties, Farm or Town
Mortagee in all parts of the South.
JANUARY EDITION.
Pine Street, cor. Pearl
-r
SOUTH.
QBO. B. KDWARDS, PrwMdBt. Obert—f B. 0^
Price et Slngilp Copied,
To Subscriber* of the Chronicle,
Street, Boston.
SO It ANSA U STREET, NEW YORK.
409
BOSTON.
MUNICIPAL
,
BANKERS,
(By Prank W. RetSas)
The above book will be furnished
without cost on application to
E. H. ROLLINS & SONS, 21 Milk
St., Boston,
| VOL. LXXXIV.
THE CHRONICLE.
178
ifttmucxaL
gnmncnu*
CASURPLU8D $11,000,000
OFFICE OF THE
Title guarib^e ATLANTIC MUTUAL INSURANCE COMPANY.
andTRUS-T
C08WNY
176 Broadway, Now York*
17S Rem son Street, Brooklyn.
Examinee & guarantees
Eunmishes
Receives
Real Estate Titles,
Mortgages to Investors.
Deposits subject to check t allowing
Interest.
Does all Trust
Banking Interests.
EDWARD T. BEDFORD.
CLARENCE H. KELSEY.
RDOAR L. MARRTON.
WILLI Ail H. NICHOLS.
JAMES H. O LIFT! A NT.
CHARLES A. FRA BO 3 Y
JAOOB H. SCHIFF.
JAMES SPEYER.
EDWARD O BTANUBY
.
CLARENCE H. KELSEY PrmMaot.
PRANK BAILEY. VLc*^ President.
flDWARD O. STANLEY Second Vke-Pre«Usc<
u‘"*r Banking Department
CLINTON D. BURDICK. Thirl Vice-Pre*dec?
J. WRAY CLEVELAND, Secretary.
ARTHUR TERRY. TtMinw
L.
SN1PPQN, Manager Brooklyn Baafcag
Atlantlo'Mutual Insurance
of All Years Bouslit
on
on
$3,594,405 94
Total Marine Premiums
Premiums marked off from 1st January, 1905, to 31st
Corn^n^
Norip
and
JOHN
M„ GILLESPIE,
B«ou No. 518 tlant.le Rnlldiag,
$295,738 65
Interest received during the year
paid during the year which were estimated in 1904
$271,100 60
previous years
Losses occurred, estimated and paid in 1905
.
827,295 95 $1,098,396 55
Losses
BANKERS,
10
WALL STREET.
NEW
YORK,
DEALERS IN
INVESTMENT anti MISCELLANEOUS
$130,068 59
Less Salvages
Re-insurances
$932,380 11
$80,615 47
Expenses, including officers' salaries and clerks’ compensation, sta¬
tionery, newspapers, advertisements, &c
$374,746 88
The Company has the following Assets, viz.:
United States and State of New York Stock, City, Bank and other Securities
Returns of Premiums
Special deposits in Banks and Trust Companies
Real Estate corner Wall and William Sts. and Exchange Place
Other Real Estate and claims due the Company.
Premium notes and Bills Receivable
Cash in the hands of European Bankers to pay
countries
Cash in Bank
'
1906
The United States Life
Insurance Co.
IN
THE CITY OF HEW YOKE
JOHN P. MUNN, M.D., President.
Finance Committee
JAMES R. PLUM
Leather
CLARENCE H. KELSEY. Pres. Title Guar. A Tr. Co.
WM H. PORTER
Free. Chemical National Bank
Good men, whether experienced
in life insurance
or not. may make direct contracts with
this company
tor a limited territory it deetred. and secure tor them¬
selves tn addition to first year's commission, a renewal
tnterest insuring an Income for the future. Address the
Oompany at its Home Office. No. 277 Broadway. New
York City.
gugtueevs.
H. M.
Byllesby & Co*
INCORPORATED
ENGINEERS,
DESIGN,
CONSTRUCT AND
RAILWAY
OPERATE
LIGHT, POWER,
Examinations and
American
Trust Building., CHICAGO
1,583,212*84
4,374,000 00
1,127,674 83
.
losses under policies payable in foreign
*.
175,632 33
257,865 62
$12,716,427 62
of profits will be paid to the
Sixth of February next.
The outstanding certificates of the issue of 1900 will be redeemed and paid to the holders thereof
or their legal representatives, on and after Tuesday the Sixth 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 31st December, 1905, for which, upon application, certificates will be issued on and after
A dividend of Six per cent interest on the outstanding certificates
holders thereof, or their legal representatives, on and after Tuesday the
Tuesday the First of May next.
By order of the Board,
G, STANTON FLOYD-JONES, Secretary
GUSTAV AMSINCK,
FRANCIS M. BACON,
JOHN N. BEACH,
WILLIAM B. BOULTON,
VERNON H. BROWN.
WALDRON P. BROWN,
JOSEPH H. CHAPMAN,
GEORGE C. CLARK,
CLEVELAND H. DODGE,
CORNELIUS ELDERT,
RICHARD H. EWART,
EWALD FLEITMANN,
TRUSTEES.
HERBERT L. GRIGGS,
CLEMENT A. GRISCOM,
ANSON W. HARD,
MORRIS K. JESUP,
THEODORE P. JOHNSON,
LEWIS CASS LEDYARD.
FRANCIS H. LEGGETT,
CHARLES D. LEVERICH,
LEANDER N. LOVELL,
GEORGE H. MACY,
CHARLES H. MARSHALL,
A. A.
W. H. H. MOORE,
NICHOLAS F. PALMER,
HENRY PARISH,
DALLAS B. PRATT,
GEORGE W. QUINTARD,
A. A. RAVEN,
JOHN L. RIKER,
DOUGLAS ROBINSON,
GUSTAV H. SCHWAB.
WILLIAM A. STREET,
WILLIAM C. STURGES.
RAVEN, President.
CORNELIUS ELDERT, Vice-President,
THEO. P. JOHNSON. 2d Vice-President.
JAMES L. LIVINGSTON, 3d Vice-President.
You Wouldn’t Start a Horse-Car Line
in this age of electric cars?
Not
of transportation.
Then why should you start a
if
you
wanted to make money out of the business
manual telephone exchange in this age of auto¬
matics, if you want to make money out of the telephone business?
The automatic system of telephony bears the same relation to the manual
system that the electric car does to the horse car. It is the apotheosis of tele¬
phone development, as the electric car is of transportation development.
The automatic telephone system produces the best service more economcially
than indifferent service can be produced with manual equipment.
There is no more question as to the relative popularity of the
manual telephone service where the two kinds are in
as to the relative popularity of the trolley car and the
And,
as
automatic and
competition than' there is
horse car.
for the securities—the same comparison may be applied with the same
results.
Our AutooMtlc system has been adopted
Columbus, Qa.
Aberdoen, 8. D.
Dayton, Ohio.
Akron, Ohio.
El Paso, Texas.
Albuquerque, N. M.
Fall River, Maes.
Allentown, Pa.
Ferguson. Mo.
Auburn, Maine.
Grand Rapids, Mich
Auburn. N. Y.
Hastings, Neb.
Battle Break, Mich.
Havana, Cuba.
Bellini bam. Wash.
Pa.
Hazleton,
Berlin, Germany.
Hopkinsville. Ky.
Buxton, Iowa.
Jonesboro, Ark.
Cadillac, Mlob.
Lake Beaton, Minn.
Champaign, Ill.
Lewiston, Me
Chicago. Ill.
Lincoln. Neb.
Clayton, Mo.
Los
golcs. Cal.
Cleburne, Texas
Manchester. Iowa
Columbus, Ohio
(■
tbe following cities:
Marlanao. Cuba.
Marlon, Ind.
Medford, Wls.
Sioux City, Iowa.
8outh Bend, Ind.
Spokane. Waah.
Springfield, Mo.
Mlamlaburg, Ohio.
Mount Olive, III.
New Bedford. Maas.
Oakland, Cal.
Ocean Park. Cal.
Pentwater. Mich.
Portland, Me.
Portland. Ore.
Princeton N J.
Richmond Ind.
Riverside. Cal.
San Diego. Ca
San Francisco, Cal.
Santa Monica, Cal.
8t. Mary*n Ohio.
Tacoma, Waah.
Toronto Junction,
Traverse City, Mich
Urbana, Ill.
Van Wert. Ohio.
Walla Walla, Wa
Watch Hill, R. 1.
Wausau, Wls.
Westerly. R I.
Wilmington. Dei.
Woodstock. N.B.. Canada.
AUTOMATIC ELECTRIC CO.,
Van Buren and
CHICAGO, U. S. A.
Morgan Streots
FILE COVERS
CHRONICLE
AND SUPPLEMENTS
Price for File Covers, 50 Cents.
Reports.
.
Aggregating
HYDRAULIC AND
GAS PLANTS.
$5,198,042 *00
$4,299,000 00
75,000 00
.
Speelalty.
1860
166,016 44
35,947 85
SECURITIES.
Southern Seenritton a
f
,
NEW YOKE.
R. A. Lancaster & Sons
NO
$395,076 98
99,338 33
A
49-51 Wall Streot.
$3,012,213 96
December, 1905
and
FINANCE COMMITTEE.
PRANK
Premiums
Premiums
Rent, lees Taxes and Expenses
Company Business.
In Charge of
Charter of the Company, submit the following statement of its affam
the 31 st of December, 1905.
Marine Risks from 1st January, 1905, to 31st December, 1905
12,977,854 37
Policies not marked off 1st January, 1905
616,651 57
on
Money on Bond and Mortgage.
Loans
23rd, 1906.
The Trustees, in conformity with the
Brooklyn Booking Deft.
198 Montague Street,
New York, January
Postage, 18 Cents
Charge for Binding Volumes,
WILLIAM
76H PINE
li.
DANA
$1 50.
OO.,
Publishers.
STREET, CORNER PEARL STREET, NEW YORK.
JAN. 19 1907
THE CHRONICLE.
xst
Trust Companies.
Mercantile Trust Co*
St
.
St. Louis
Member
CITY
Mr*
Clearing
House
Association
WM. MAFFITT,
Treasurer
Commenced busiiie?s Nov.
STREET.
Capital & Surplus,
Interest
Acts
A
Nov. 16, 1900
j
$2,807,245 97
as
Allowed
ministrator
F.mren
John S. Bartlett,
T. Jefferson Coolldge
Charles E. Cottlng,
Jr.,
i Alvah Crocker.
Andrew W. Preston.
Livingston Cushing.
Richard S. Russell.
George A. Draper.
Howard Stockton.
William F. Draper
Charles A. Stone,
Wlltnot R. Evans.
Quincy A. Shaw Jr..
Frederick P. Fish.
Nathaniel Thayer.
Robert F. Herrick
Henry O. Underwood.
Francis L. Hlgglnson,
W. Seward Webb.
Sidney W. Winslow.
§17,194,262 79
The Proof cf Good Service is Constant Growth
AMERICAN LOAN &
Safe Deposit
Boston
Trust
Henry A. Reuter,
P. L. Saltonstall,
R. Paul Snelllng,
Frank W. Stearns,
Eugene V. R. Thayer.
Eugene N. Foss, '
T. JEFFERSON COOLIDGE Jr., President.
CHARLES L. BURRILL, Vlee-Prest. & Treas.
J. H. PERKINS, Vice-President.
C. H. BOWEN, Secretary.
E. A. COFFIN, Asst. Treasurer.
AU RYAN SEN,
Asst.
Richard Gluey,
Nathaniel Thayer,
George F. Fabyan,
Lucius Tuttle.
Frederick P. Fish.
Stephen M. Weld,
TRUST
MASS
CAPITAL
-
SURPLUS.
-
Authorized
hold
Surplus,
-
Transacts
General
a
Trust
and
Banking Business.
Interest Allowed
on
Deposits Subject to Check
Trustee
.
UliRL.vUB, Vice-President.
WILLIAM R. DAWES, Cashier.
L. 1>. SKINNER, Asst. Ca-dner.
MALCOLM McDOWELL, Asst Secretary.
A.
AND
TRUST
DEPARTMENTS.
TheTrust Company of
North America
503-505-507 Chestnut St.,
CAPITAL
as
Capital - - Surplus (Earned)
$1,000,000
2,000,000
CHARLES E. ROGERSON. President
JAMES LONGLEY, Vice-President
WILLIAM C. WILLIAMS. Vice-President
G. E. GOODSPEED Treasurer
W. L. WHITNEY, Assistant Treasurer
HENRY A. FENN, Sec.&Mgr. Safe Dep. Dept.
H. D. HEATH El ELD, Assistant Secretary
E. J. BURRAGE. Assistant Secretary
Philadelphia.
ADAM
A. STULL, President.
HENRY G. BRENGLE, 1st V ce-Pres. & Treasurer.
JOS. S. CLARK, 2d Vice-Pros., Superv’g Trust Dept.
*- II AS. P. LINEAWEAVER, Sec.
Asst. Trust Officer
DIRECTORS.
Henry G. P.rengle,
James Crosby Brown,
John Cadwalader,
E. W. Clark ,lr..
Levering Jones.
Malcolm Lloyd.
John Mcllhenny.
Richard Wain Moirs,
Clement IL NewhOld,
John W. Pepper.
Wi Ham F. Read,
Frank Samuel,
A darn A. Stull,
Edward D. Toland,
Joseph It. Wainv,-right,
■>.
Eckley B. Coxe Jr.,
Edwin S. Dixon,
L. Ellison,
Joseph C, Fraley,
Harry <Francis,
Henry L. Caw, Jr.,
Howard S. Graham,
Samuel F. Houston.
William D. Winsor.
Acts as
Executor, Trustee,
Registrar, Etc.
Becomes Surr:y. Complete Set of Safe Deposit
Vaults. Interest on Deposits.
CAPITAL
to
and
receive
rrom
and
Maryland Trust Co*
STS., ST. LOUIS
SURPLUS
\<tq
BALTIMORE.
Apwl finn
PA>G/'/2’Si^S’t>l>U«U00'
GENERAL
AND
FINANCIAL.
FIDUCIARY
BUSINESS 1 RANSACTED '
John 1
Begcs
Wilbur F. Boyle
James L. Brock
Murray Carieton
Clmrles Clark
Horatio N. Davis
John D. Davis
Aug- B- i jfting
BRECKINRIDGE Jo.N Es. President
JOHN D
DAVIS, Vico-Prc'-ident
SAMUEL E. HOFFMAN. V ice-['resident
JAMES E. BROCK, Secretary
HUGH R. LYLE. Asst, secretary
HENRY C IBBOTSON, A&>t. Secretary
C. HUNT TURNER Jr.. Asst. Secretary
FREDERICK VI ERL I NO. Trust Otllcer
HENRY SEMPLE AMES,
Asst. Trust Officer
CHARLES M. POLK, Aset Trust officer
WILLIAM G. LACKED, Bonn Officer
WM. McC. MARTIN, Asst. Bond Olllcer
TOM W. BENNETT, Real Estate officer
C. W. MORATH, Safe Deposit OHleer
Wisconsin Trust Co.,
MILWAUKEE.
$2,000,000
-
-
DIRECTORS
R. J. O'Reilly.MD
H. Clay Pierce
s. E
11 oilman
J. Ramsey Jr
Chas. H. iluttff James E. Smith
Breckln’gp Jones
Robt.H. Stockton
Nel«on W .McLcod Julius s. Walsh
Biiundes Norvell Roila Wells
Wm D. Orthweln
OFFICER.-*
WALSH, Chairman oi the Boar*!
JULIUS s.
CAPITAL,
DIRbC. 1<)RS
D R. Francis
August Getmer
_.S1,000 000
_
and
DAVID R. WHI1NEY. Presklent
CHARLES H. DALTON. Vice-President
CHARLES F CHOATE. Vice-President.
FRANKLIN HAVEN, Vice-President.
JAMES R. HOOPER, Actuary.
HENRY N. MARR, Secretar .
FRED K W. ALLEN. Asst.ser -'*• 1 reas
THOMAS E. EATOlf. Amt. Treasurer
FRANCIS R. JEWETT. Trust Offlner
BOARD Of* DIRECTOR-*
William Eudloott. Chairman.
Walter C Baynes,
Frederick P
Ftsti.
Alfred Bowdltcn,
Morris Gray
Charles F. Choate,
Franklin Haven.
Alexander Cochrane.
James J’.. Hooper
Edmund D Co*imam,
James M. Premier tost,
I. Jefferson Cooiklge.
George s. sitabee.
Charles H. Dalton.
Lawrence M. Stockton,
George Dexter,
Nathaniel Thayer.
Philip Dexter.
George W urglesworth.
Wiluam Farn.'Worth.
David R. Whitney.
under
Railroad and other
Mortgages.and is authorized to act as Executor,
Guardian Administrator and Trustee.
A
$2,000,000
500,000
SAVINGS
executor
OFFICERS.
Acts
ILLINOIS,
CHARLES Ci. DAWE-s, Prudent
W
IRV ING OSBORNE, Vire-President
BANKING,
as
See.
CHICAGO
-
act
money or property In trust or on deposit
FOURTH & PINE
Capital,
to
$1,000 000
2 000 000
Courts of Law or Equity, FAecutore.
Administrators,
Ass_gnees.
Guardians
Trustees,
Corporations
ana
Individuals.
Also act£ as Trustee under Mortgages and as transfer
Agent and Registrar of Stocks aud Bonds.
Interest Allowed on Deposit* Subject to Check
MISSISSIPPI VALLEY
CENTRAL
TRUST CO.
TRUST COMPANY
OF
COMPANY,
BOSTON, HASS.
Company
BOSTON
William A. Gaston,
Elmer P. Howe,
John Lawrence,
John S. Lawrence,
Lester Iceland,
S. E. Peabody,
Francis Peabody Jr.,
Royal Robbins,
Eben S. Draper,
AND
BOSTON, MASS.
BOARD OF DIRECTORS:
N. W. Jordan, Chairman.
C. F. Adams 2d,
Charles W. Whittier,
Philip Dexter,
The NEW ENGLAND
COMPANY,
CAPITAL,
$1,000,000
SURPLUS (Earned) $1,500,000
Transacts a General Banking and Trust
Company Business.
Interest allowed on Deposits Subject to Check.
Trustee under Mortgages, Transfer Agent, and
Registrar.
W.
Henry C. Jackson,
George E. Keith,
Gardiner M. Lane
Arthur Lyman.
Maxwell Norman,
Robert T. Paine 2d.
F. Lothrop Ames,
16, 1906, §17,919,949 08
G.
BOARD OF DIRECTORS:
T. JEKFKHSON COOLIDGK Jk., .
Chairman*
Gordon Abbott,
Reginald Foster,
Oliver Antes,
George P. Gardner,
C. W. Amory,
Robeit F. Herrick,.
Charles F. Ayer,
Henry S. Howe,
Samuel Carr,
Walter Hntinewell,
B. P. Cheney.
TlionuMi L. Livermor*^
T. Jefferson Coolidge,
G«nrge v. L. Meyer,
Charles E. Cutting,
Laurence Minot,
*
§16,664,820 43
Rodolphe L. Agassiz,
Trustee.
PHILIP STOCKTON. President.
Charles F. Adams 2d.
Orlando H. Alford,
1902
$11,984,523 33
F. Lothrop Ames,
Hobart Ames,
Edwin F. Atkins,
Frederick Ayer,
Charles S. Bird,
A. G. Bullock,
Samuel Carr,
Gilmer Clapp,
Gordon Dexter,
William R. Driver,
F. C. Dumalue,
and
$7,000,000
=
TRANSACTS A GENERAL
BANKING
BUSINESS.
ON
ALLOWS INTEREST
DAILY
BALANCES
SUBJECT TO
UNDER
CHECK.
TRUSTEE
MORTGAG¬
ES.
TRANSFER
AGENT.
REGISTRAR.
DIRECTORS.
Nov.16,1903 $11,851,679 92
TRUST
Capital and Surplus,
Deposits Subject to Check-
on
legal Depositary for Court Funds, and author¬
ized to act as Executor, Guardian. Ad¬
$5,019,268 50
Nov.
BOSTON, MASS.
$4,000,000
-
Trustee under Railroad and other Mort¬
Nov. 16, 1901
Nov. 16, 1905
-
gages; also as Agent for the Registering
and Transfer of Stock
$17,051 19
Nov. 16,1904
BRANCH:
MASS.
Transacts a General Trust and
Banking Business
Nov. 16, 1899
16,
COLONY
TRUST CO.
MASS
City Square, CHARLESTOWN
16, 1899
DEPOSITS
Nov.
CO. OLD
BOSTON.
BUNKER HILL
Capital and Surplus, $9,500,000
FESTUS J. WADE,
President.
TRUST
STATE
50
Joslali L. B.ackweli,
George Blumentl-al,
Ernest Hoen Jr.,
George C. Jenkins.
Jo.ffiua Levering,
G Clymer Brooke,
II. Carroll Brown.
John W Castles
B. Howell Griswold Jr.,
Osctw G Murray
Waldo Newcomer,
Henrv F'. Shoemaker,
James SpeyeHenry Walter^,.
A. Barton Hepburn,
Grier Hcrsh.
OFF ICC RC
GRIER HERSIIPres.dcnt
AELAN McLANFl
Vice President
L.
s.
ZIMMER.MAN..
Secretary
CARROLL VAN NESS
..Treasurer
JERVIS SPENCER Jr
.Asst Treasurer
IVAN SKINNER....
Asst
Secretar-
s
THE AUDIT COMPANY
OF ILLINOIS,
1137 First National Bank
Capita1,
Surplus,
Transacts
a
----------
$600,000
100,000
General Trust Co
Business.
Public Accountants and Auditors*
C. W. KNISELY
Buys and Sells
High Grade Investment Bonds.
OFFICERS.
OLIVER C.
FREDER/CK
Vice-Pres. and Treasurer
STICKNEY. Secretary
GARDNER P
r RED
U. iJiLs'x
Ari l
-cc•
C. P. A.
President- Manager.
Regular and Special Audit*
FULLER. President.
KA3TEN.
Building,
CHICAGO.
Corporation*, Fima
Physical Examinations
bj experienced Auditors and Engineers. lakes entire
Uuaxdians. trustees, uxec'utOM
.nsrge ol account**
and
In dividual:
and Receiver?*
tor
Hnaucial and
VOL.
THE CHRONICLE.
XXII
LXXXIV.]
gvnst ©ompatiijes.
CJnion Trust
G uaranty Trust
JL rust G ompany
80 Broadway. New fork.
Ave., ©or. 38th St.
Branch: 425 Fifth
OF NEW YORK
CAPITAL,
-
.
91,000,000 00
97,900,965 94
-
-
-
8U1CPZUS,
MUTUAL LIFE BUILDING
-
-
AUTHORIZED TO ACT AS
Executorf Administrator, Guardian
Surplus, $5,500,000
Capital. $2,000,000
Company
OF NEW YORK
Receiver
or
Trustee
AND IS
List of
Carefully Seleoted Securities for Iuvestment Mailed upon
Allows Interest
Application
Securities lor Safe Keeping and
Collection of Income.
TRUSTEES
James Henry Smith,
Edward King.
Charles H, Tweed,
It. T Wuson.
James Speyer,
Chnrre8 II. Leland,
liobert W. woelet,
H Vau K. Kennedy
William Woodward,
W. Bmlen Roosevelt.
Alex
Smith Cochran,
J ig T. Woodward.
John V. B Thnver.
Augustus W Kelley,
N. Parker Shortiidge.
Amory 8. Carhart,
Walter P. Bliss.
Harrlso* E. Oawtry.
Frederick deP. Foster
Alexander Maitland.
EDWARD KING. President,
OFFICIfRSt
ALEXANDER J.H BMP HILL, Vice-President. GEORGE GA . R. HENRY, Vice-President.
MAX MAy, Manager Foreign Department.
WM. C. EDWARDS, Treasurer.
E. C. HKBBARD, Secretary,
F. C. HAKRIMAN. Assistant treaasror.
R. C. NEWTON, Trust Officer,
R. W. SPKIR, Manager Bond Deportment
Foreign Drafts.
AUGUSTUS W. KBULKY. Vice-President
BANKERS TRUST
J. V. B. THAYER, Vice Pre*t A Secretary.
B. R. MERRITT, 4th Vice-President
C C. RAW1.ING8, Trust (. ffl :er
H. M. POPHAM,
i
T.W. HARTSHORNS,> Assistant
H. M.MYRICK,
J
COMPANY
7 Wall
Street, New York.
Undivided Profits,
A. BARTON
STEPHEN BAKER,
Batik of the Manhattan
Ce., New York.
SAMUEL G. BAYNE,
Y.
JAMES G. CANNON,
EDMUND C. CONVERSE,
EDGAR L. MARSTON,
Blair A Oo., Bankers, New
-
President.
J. P. Morgan A Co.,
Vlce-Pree. First Nat. Baak.N.Y
JAMES H. ECK
B’kers, N.Y.
WILLIAM H. PORTER,
Vice-Pros. Liberty Nat. B’k, N.Y.
WALTER E. FREW,
Vice-Pres. Corn Exchange Bank
New York.
Pres. 1st Nat. B’k, Kansas City
Executor, Administrator aad Guartllau
and Fiscal Agent i and ns Trustee
ALLOWS
J. F. THOMPSON
INTEREST
t
wrrivtho.
E. C. CONVERSE
0. E. POMEROY
OFVIOEKHi
Vice Pres. Chase
New York.
Nat.
ROBERT WINSOR,
Kidder, Peabody & Co., Bankers
Boston.
"
YOUNG,
Pres. 1st Nat. Bank. JerseyCity
no
receives deposltc
Manhattan Trust Company
DIRECTORS.
James J. Hill.
Francis it. Appleton.
Robert Bacon.
John Kean.
Q. STRONG JR,
George F. Baker.
John J. Mitchell.
Ar.guBt Belmont.
Oliver U. Payne.
K. 1). Randolph
SEfTOSTARY
ASHTRTANT TREASURJCLt
j
nearing interest and subject to cheque, payable
ia rough (bo New York Clearing House.
T. W. LAMONT
2d VICB-PItJCSIDKiO
N. B. CLOSE
H. W. DONOVAN
•JOHN L WAXEBBUKV, I'reBldent.
JOHN KHAN.
( ViceAMOS TUCK FRENCH, f Pregldeuts.
W. N. UUANE, Vice-President.
Pres. Gallatin Nat. Bank, N.Y.
eR.r’PTDPNT
treahtther
Bank
DEPOSITS.
AFFICFBQ
VICE-PKISIDE.VT
$3,000,000.
Bank, N. Y.
Atdirnee and Receiver j Registrar,
for individual* and corporations.
UPON
NASSAU, NEW YORK.
Nat.
ALBERT H. WIGGIN,
EDWARD F. C.
EDWARD F. SWINNEY,
Tranufer
RD TO WNSEND,
SAMUEL WOOLVERTON,
DANIEL G. REID,
Chioago.
a
Pres Imoorteis’ A Traders’
Pres. Chemical Nat. Bank, N. Y.
LS.
Pres. Core. Nat. Ban*.
York.
GEO. W. PERKINS,
HENRY P. DAVISON
uk
Vice-Pros. Nat. Park Bank. N.Y.
EDW
GATES W. McGARRAH,
Y
cor.
CO.,
Capital, Surplus and Undivided Profits,
GILBERT G. THORNE,
THOMAS W. LAMOMT,
Pres. Mechanics’ Nat. B’k, N. Y
Vice Free. Fourth Nat. Bfc. N
Act*
Vice-President.
3d Vice-President.
Prea. Seaboard Nat. Bank, N
WALL ST.
JOHN F. THOMPSON,
HEPBURN,
Pres. Chase Nat. Bank, N. Y.
Pres.
TRUST
$777,673
DIRECTORS.
Secretaries
MANHATTAN
Surplus $500,000
Capital $ 1,000,000
FOR ill ONE Y.
Deposits,
on
Re.elves
JOHN W. CASTLES, President.
Issues Travelers’ Letter! of Credit and
LEGAL DEPOSITARY
A
CERTIFICATES OF DEPOSIT.
INTEREST PAID ON CHECK ACCOUNTS AND ON
ASSISTANT
TRUST OlfWCBH
Walter P. Bliss.
Grant K.
II. W. Cannon.
Schley.
J. Cross,
S. L Schoomnaker
t-udnlph Ellis.
John l. ‘'Vaterbory
Amos Tuck French
R. T
R,
Wilson.
Girard Trust Company*
CAPITAL and SURPLUS, $10,000,000.
ChabtbkElD 1836.
Acta
as
Executor, Administrator, Trusiw.
Assignee and Receiver.
Financial Agent for
Individuals
or
Corporations.
interest Allowed on individual and
Corporation Accounts.
as Trustee of Corporation Mortgages.
Depositary under Plans of Reorganization.
Registrar and Transfer Agent.
Assumes entire charge of Real Estato.
&afes to Kent In Burglar-Proof Vaults
Acts
EL B. MORRIS, President.
W. N. Ely, 1st Vice-President.
A. A. Jackson, 2d Vice-President.
C. J. Rhoads, 3d Vice-Pres, and Treasurer.
Edward 8. PAG®, Secretary.
ONE PIECE OF PAPER GOOD THE WORLD OVER
Are You
The standard, uniform Money Order of the
Bankers* Money Order Association ia now a
familiar feature of American banking. Thir¬
a
ls the
only system at the service of banks
of Charge, Orders can be
issued payable at any point in the United
States, Canada, Mexico, Cuba, Europe, Asia,,
absolutely
Money Order
Bank ?
North Africa and Australia.
Tne most
flexible medium of exchange in use,
All
charges you make to the public are your
own
WRITE
ERR
Isaac H. Clothier.
Thos. DeWitt Cuyler
PARTICULARS
TO
THE
ASSOCIATION,
313-315 Went 5vlth Street, Nf-w York
E.
<
.
Felton
y. E. Cor. .Broad and Chestnut Streets,
PHILADELPHIA.
INVESTORS READ
profit.
BANKERS' MONEY ORDER
Bank o( Dincount ftrlldir-c.
MANAGERS*
C. Ilextman Kuhn
Kffllngnam B. Morris,
James Speyer,
Augustus D. Juilllard
Benjamin W. Richards,
Edward J. Berwind,
John B. Garrett,
Randal Morgan.
William H. Jenks,
Kflw. T. Stotesbury.
William H. Gaw,
Charles K. iug- rsoll.
Francis I. Gowen,
J.-hu Story Jenks Jr.
Geo. H. McFadden,
Henrv ft. CoxeJr.
Henry Tatnall,
John A. Brown Jr.,
The Wall Street Journal.
That's why It pay* advertise*
BOW, JONES A CO.,
44
*.
Publishers,
BROAD BT.. N8W YORK
Jan. 19 1907.
THE CHRONICLE.
XXIII
Xfrusi ®0mpattis6
incorporated 1853.
United states Trust sompang of Sew M,
45 and 47 Wall Street.
CAPITAL,
SURPLUS
$2,000-000
AND
UNDIVIDED
PROFITS,
$12,801,046
EDWARD W.
D. WILLIS
WILLIAM M.
HENRY E.
WILFRED
CHAS. A. EDWARDS, 2d Asst.
SHELDON, President
KINGSLEY, Second Vice-Pres.
J. WORCESTER, Asst. Secretary
JAMBS, Vice-President
AHERN, Secretary
Secretary
JOHN A. STEWART, Chairman of the Board of Trustees.
Bowling Green Trust Co. Colonial
Trust Company
solicits
26
BROADWAY*
NEW 1YORK.
Capital, $1,000,000 Sitrplus, $8,000,040
OFFICERS:
EDWIN GOULD,
.
President
.
WILLIAM H, TAYLOB,
1st Vice-President
CHAS. P. AEMSTEONG,
2d Vice-President
JOHN A. HILTON,
Sd Vice-Pres. and Treas.
WILLIAM M. LAWS,
.
Secretary
.
the accounts of
at.
sight
Certificates of
St, Paul
.
DIRECTORS:
Charles P. Armstrong,
John A. Hilton.
Prank Brainard,
Myron T. Herrick,
Harry Bronner,
franklin Q. Brown,
Edward T. Jeffery,
Robert C. dowry,
Edmund C. Converse,
Wm. Nelson Cromwell,
Grenville M. Dodge,
A. Goepel,
Edwin Gould,
William Willis Merrill,
Winslow 8. Pierce,
Diok S. Ramsay,
Frederick B. Bcheeck,
Androw Squire,
William H. Taylor,
Edward B. Thomas,
Prank J. Gould,
George J. Gould,
John P. Truesdell,
E. F. C. Young.
Rhode Island Hospital
Trust Company,
PROVIOENCE
CAPITAL
R. I.
3*1,000,000
SURPLUS EARNINGS
3*1.500,000
304,000
UNDIVIDED PROFITS
DIRECTORS:
Royal C. Taft,
Rowland G. Ilarard,
Robert 11. L Goddard,
Ne.eon W. Aldrich.
Geo. W. R. Atntteson,
Samuel 11 Dorrance.
William D. Ely,
Howard O. Starves,
Robert, I. Gammell,
Stephen O. Metcalf.
William Binney,
Walter li. Callender.
William B. Weeden,
Gilbert A. Phillips,
Edward I). Pearce,
Edward Holbrook,
Robert Knight.
James E. Suilivan,
John VV. Danielson,
Benjamin M. Jackson,
Herbert J. Wells,
John R. Freeman.
John C. Pegram,
Charles K. Meilen.Hyman B. Goti,
Robert W. Taft.
HERBERT J. WELLS. President.
EDWARD S. CLARK. Vme-Prestdent.
HORATIO A. HUNT, Vice-President.
WILLIA M A. GAM WELL. Secretary
PRESTON U. GARDNER, Trust Officer.
CYRUS K. LAPHAM, Asst. Seo’y.
JOHN E. WILLIAMS, Asst. Seo’y.
HENRY L.8LADKR. Asst. Rec’y.
corporations, firms and individuals, and
invites correspondence or personal interviews.
Interest allowed on daily balances, which are
subject to check
Deposit (time and demand) issued.
Building:, i422 Broadway, Now York.
Capital, Surplus and Undivided Profits,
JOHN E.
RICHARD
DKLAFIELD,
CORD MEYER,
AMES W. TAPPIN,
PHILIP 8. BABCOCK,
-
BORNE. President.
$3,100,000
EDMUND L. JUD30N, Secretary.
JOSEPH N. BABCOCK. Trust Officer
ROBERT L. 8MITII, Asst. Secretary
Yice-Presidenta.
*EK8°o
T<$>
CO. *
TRUST
No. G«
The American Mfg. Co.
MANILA SISAL AND JUTE
BROADWAY,
34TH NT. <fe FIFTH AYE.
No. 1049 WEST 145TH STREET.
CORDAGE.
THIRD AVENUE 4c 148TH STRJKKT.
CHARLES T. BARN 11Y. President.
FRED’K L. ELDRIDGE, lat Vice-President.
JOSEPH T. BROWN.2d Vioe-Preeldent.
B. L. ALLEN, 8d Vtoe-Preeldent.
WILLIAM TURNBULL, 4th Y.-Pre
S RED’K GORE
KING, Sec. and Treaa.
J. McLEAN WALTON, Awt. Secretary.
HARRIS A. DUNN, A sat. Treasure!
TRUST DEPARTMENT:
66
Wall
Street,
New
York.
Whiting Papers
WILLIAM B. RANDALL. Treat Officer
HARLEM BRANCH:
LEWIS, Manager.
W. F.
BRONX BRANCH:
JOHN BAM BEY Manager.
WALTER G. BROWN. Asst. Sec’y.
__
The Audit company FINANCIAL REVIEW
ANNUAL.
of New York,
A
ORGANIZED 1897.
NEW YORK:
48 Cedar Street.
PHILADELPHIA.
CHICAGO,
Year
Book
ot
Statistics.
Bound In Cloth, §2.
Commercial Sc Financial
Chronicle,
76J4 Pine 8t., New York.
For Fine Correspondence
and for General Business Uses
are
standard, made in Ledger, Bond,
Linen and Fine Writing In variety.
WHITING
New York.
PAPER
Philadelphia.
CO.
Chicago.
Mills: Holyoke. Mass.
NEW ENGLAND OFFICE:
Easton Bldg., 15 State St.. BOSTON.
AUGUST BHLMONT,
Acting President.
VILLI AM A. NASH,
JOHN J. MITCHHL1
GEORGE W. YOUNG,
V Ice- Preniden ts.
BARROW, WADE. GUTHRIE & CO
KDWARD T. PHRINK, (ien’l Mgr. and Treas.
F. C. RICHARDSON, Assistant Treasurer.
This Company Audits and Investigates Aooount*
CERTIFIED PUBLIC ACCOUNTANTS.
(New York and Illinois.)
»nd makes
Physical Examinations of Properties.
and Reports are Prepared in behalf
or
Mtvrchanta, Bankers. Corporations. Committees
others, in strict confidence. The Company also
bfltlses and Installs Money-Saving Systems of
Keeping Ae/vounf*
Itg
Cmilicates
NEW YORK,
Broad
Exchange Building,
25 Broad Street.
William D. Marks, Ph.B.C.E.
Consulting Engineer and Statistician.
.
8A.S WORKS.
ELECTRIC
LIGHT WORKS,
MOTOR CARS.
ELECTRIC RAILWAYS, OIL
839 Park How
•
New York Cit>.
CHICAGO,
Royal Insurance Building.
SAN
FRANCISCO,
517 Market Street.
NEW ORLEANS,
Hibernia Bank
LONDON, ENGLAND,
18 St. Swithin’s
Lane, E. C., Cable, "Adorjest."
Bldg.
[VOL. LXXX1Y,
THE CHRONICLE.
XXIV
WOODWARD
STILLMAN,
&
financial.
financial.
Cotton.
FvERSZ & COMPANY GRANGER
FAR WELL
BANKERS
COTTON
16 to
MERCHANTS
STREET.
22 WILLIAM
220 LA S4LLE ST.
37 PINE ST.
CHICAGO
NEW YORK
RAILROAD BONDS
EGYPTIAN AND AMERICAN COTTON OF ALL
GRADES SUITABLE TO WANTS OF SPINNERS.
Henry
Hentz & Co., CHICAGO CITY MORTGAGES.
'
Street, New York. HIGH-GRADE INDUSTRIE BONDS.
for future JOelieery
and New Orleans CHICAGO REAL ESTATE BONDS.
Exchanges.
tor
CORPORATION l RAILROAD BONDS.
New
Chicago Board of Trade.
Liverpool
Also orders
York.
Cotton
( New York Stock Exchange.
l New York Coffee Exchange.
cHICAGO stock Exchange.
(
COTTON
•
the
Members
Kroadwa)
NEW YORK.
CHICAGO.
1806.
William
JExecute Orders
At
71
226 La Salle St%,
COMMISSION MERCHANTS.
16 to 22
COMPANY,
BANKERS AND BROKERS,
NEW YORK.
Established nr
&
IOFFEB
CoOee Exchange
GRAIN ANI) PROVISIONS
at the Chicago Rouru of Trade and
PEABODY. HOUGHTELING & CO.
Hubbard Bros. & Co.,
HANOVER
SECURITIES.
INVESTMENT
GRAIN AND COTTON-SEED OIL
At the New Yora Produce Exchange
COFFEE EXCHANGE
CIRCULARS.
SEND FOR
IN
DEALERS
At the New York
230 First National
Bank Bid^.v
CHICAGO.
BUILDING.
SQUARE.
i
Established iw*6.
NEW YORK.
MERCHANTS.
COTTON
BROKERS,
BANKERS AND
Liberal AdvancM Made on Cotton
Consign mentfi.
Hopkins, Dwight & Co.,
Co.,
Edwin L. Lobdell &
Ilotunda, Rookery Bldg., Chicago.
80 Broadway, Now York.
BANKERS.
(New York Stock Exchange,
Members ( Chicago Stock Exchange,
COTTON.
(Chicago Board of
and
BOSTON, MASS.
Trade.
COTTON-SEED OIL.
COMMISSION MERCHANTS,
Room
52, Cotton Exchange Building,
NEW
Lehman. Stern & Co.
Bishop, LaimbeerExchange.
& Co.
Limited. New Orleans, La.
Building.
LEHMAN BROS.,
Nos, 16-22 'William Street,
15 Broad St.
-
INMAN
In
Cotton
CO.,
&
Merchants,
[Established 186a |
AUGUSTA, GAh
AMD
Siegfr. Gruner & Co.,
Cotton
NEW YORK.
Street, BOSTON, MASS.
Exchange Building,
141 Milk
MERCHANTS
Street,
Co.,
NEW ORLFANS, LA.
Building,
27 William Street.
NEW
Tel. No. 1018 Broad.
Cotton
DALLAS, TEX.
Orders for Contracts Exe¬
WILLIAM RAY & CO.,
SUCCESSORS TO
EXCHANGE
York.
Lehman, Stern & Co.,LtdCOTTON FACTORS anil
COMMISSON MERCHANTS,
COPELAND A CO.,
KIlOKEliS,
New York.
43 Cotton Exchange,
Orders for future delivery contracts executed on
Exchanges.
CO.,
R. H. ROUNTREE &
Commission Merchants.
Cotton, Grain, Provisions and Coffee.
Bldg., New York.
Exchange*
and Liverpool Cotton Association.
Cotton Exchange
ROBERT MOORE & CO.,
56 Beaver Street, New York.
ORDERS FOR FUTURH DBLIVKRY EXECU¬
TED IN NEW YORK AND LIVERPOOL EX¬
FOR SPINNERS5 USE.
.
N. Y. ?md N ew Or lean cotton
GWATHMEY & CO.,
COTTON
& HAYNE,
Frank B. Hayne (in Commendam
Cotton Brokers,
COTTON
EXCHANGE
)
BUILDING,
NEW ORLEANS, LA.
OBDEKS FOR FUTURE DELIVERY EXECUTED
LN NEW OBl.EANH, NEW YORK AND
LIVERPOOL XIA KELTS.
Members of the New
-
-
BANKERS
30 Broad St.,
New York.
Members of K. \
and Philadelphia btook Exchange,
New York, New orkeant and Liverpool Cotton
Exchangee New York Code* Exchange
•md I'bicago doari) r>i inuie
©OltOtt.
Stephen
M. Weld & Co.,
COTTON MERCHANTS.
82-92 Beaver
Street,
New York City.
•
Boston Correspondents, S.
State St., Boston, Mass.
Bremen
New Yofr-.
rheoaore H
York Stock Exchange.
Bonds, Stocks, Cotton, Grain.
DICK BROTHERS & CoZ
AND BROKERS,
M. Weld A Co.,
Correspondents, Albrecht, Weld
Price,
Quentell,
Coats & Co.,
COTTON BROKERS,
‘I Beaver Street,
Sew York,
Members N.Y. Cotton Exchange.
Associate Members Liverpool Cotton Association.
89
& Co.
Geo. H. McFadden & Bro.,
COTTON
Wm. P.Quenteli.
R R. Coats-
Wall Street
Liverpool CorresjKiudents, Weld ifc Co.
MERCHANTS,
49 Cotton Exchange,
SMITH
1 Nassau Street, corner
Cotton consignments.
COTTON BKOKEKS,
Members of
CLEMENT,
.
Chapman, Selter & Allen,
NEW YORK.
SMITH,
&
CLEMENT
New York and Liverpool.
Liberal advances made on
EXCHANGE.
.
New Orleans.
Orders^for future delivery executed in New Orleans
COTTON EXCHANGE BUILDING,
CHANGES.
COTTON PURCHASED
OF
Successors to HAVEN &
(NEW ORLEANS COTTON EXCHANGE
| NEW YORK COFFEE EXCHANGE
ILIVERPOOI. COTTON ASSOCIATION
Future Delivery Orders Executed on above Exchanges
Liberal Advances Made on Cotton Consignments
COTTON
the New York and Liverpool Cotton
New York.
-
NEW YORK STOCK
Merchants.
INEW YORK COTTON
LEHMAN BROS., New
GEO.
YORK
Members
the New Orleans, New York,
Liverpool and Havre Markets.
cuted in
96 Broadwav,
SONS,
BROKERS,
BANKERS AND
W.\R. CRAIG & CO.,
COTTON COMMISSION MERCHANTS,
MEMPHIS, TENN.
W. T. HATCH &
MEMBERS
Lord’s Conrt
Mason Smith &
INMAN & CO
Bremen Correspondents,
NEW YORK.
Buyers of Spot Cotton.
of New York and Boston Slock Exchangee
(Cottrnx.
Coffee
York.
Orders executed on the above Exchanges, as well
New Orleans, Chicago and foreign markets.
17 South William
Members
New York.
Members of the Stock, Cotton,
and Froduce Exchanges, New
COTTON
Investments.
High-Grade
Stock
Members New York
VOUK.
Mills
CO.,
F. H. PRINCE &
MERCHANTS,
PHI LA HELP 111 A.
NEW YORK.
Liverpool Correspondent’s:
FREDERIC ZEREGA A
Bremen Correspondents:
MCFADDEN BROTHERS &
havuk Correspondents:
SOC1ETE D’lMPORTATION
ET DE
__
00.
„
00.
COMMISP*""
@FedFRASER