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W
.
INCLUDING
jBank and Quotation Section (Monthly)
iRailwayand Industrial Section (Quarterly)
Entered according to Act of Congress. In the year 1905. by
William B
-
^ -e...
VOL.
ne^spape. entered at Post O.ee.
Xe.
and City Section (semi-Annuaiiy)
Street Railway Section
Yearly
('^Yeari™®^)
State
DAVACoMPAvr
SATURDAY, JANUARY
80.
21,
Clearingi at
Boston
Providence
Hartford
For One Year
.$10 00
For Six Months
~
Knxopean Subscripttonanelnding postage)
i§ 9.n
Knropean SubscripUon Six Montlw (Including posteie)*:::::
^ 50
""'
ii^S^ Subscription in London (inclnmng postage)
81x Months Subscription in London (including jSstoge)":::::::::: £9 14«
ll
Worcester
Portland
River
Lowell
New Bedford
Fall
Holyoke
New BnBland.
Total
Terms
of
Adrertising— Per Inch Space
ChlcaKO
Cincinnati
Transient matter per inch space (14 agate Unes).
I Two Months
(8 timei)"
Standing Business Cards .J J'il^eS ^loiUis (13 times)
WII.I.lAx^
St.
DANA
Pine Street, Corner of Pearl Street,
Post Omce Box 958.
NEW
Columbus
Peoria
Toledo
Evansville
Akron.
Yonngstown
Kalamazoo
rtockford
,
O
Springfleld,
'.'.'.
BloomlnKton
Quincy
386,'i68
Clearings— Returna uy Telciraplu
Week Ending Jnn uary 21.
New
York.
Boston
!!!.'!!!.""
Philadelphia.
".'"!!.*."!!.*!
Baltimore
Chicago
St. Louis
New Orleans
.'.'!!!"'
Total
Total
81.595,646,578
135,088,088
114,835,993
21,427,903
*l.031,330,467
111,887.439
101,683,251
18 031,237
149,453.372
49.729.498
21.321.283
172.8:^5.913
'
!"."
50,006,159
19,964,261
all cities, 5
All cities, 1
1904.
ja, 109,794.895
for week....
+42-2
+7-7
82,418,771,136
462,694,173
days
$1,483 389.545
286,904,873
11,770.294 418
401,821.687
+38-6
+15-1
$2,172,118,105
+32-6
:r2,881,435,3i;9
^"""^ *^^ ^^^ ^°^«^ by
the above will
cnvi "^ i^^ ^
Sat"i-day We cannot furnish
them to-day, c
Slfh.^^ made up by the clearing
mgs being
houses
at
m
week has
to
Friday night.
8,8'.'0,812
5,830,279
4,836,406
8.314.000
2,521.965
15.263.822
7.900,17b
6,363.167
4,893.578
4,412,834
13,714,248
7,638.380
7.037.871
5.618.2ib
4.919.231
2.046.800
1.686.270
1,600,734
976,267
Paul
JosephDenver
Des Moines
'.'
Sioux City
Topeka
Davenport
1.774.16.
1.11 1, 28?
'.[
185.399
200.825
470.609
550,001
75,510,920
70,608,101
55,468,22'
'
1.654,10,'-
Little Rock.
Knoxviiie
Charleston
14.
1905
New York
1,776,528.682 1.311,240,847
Philadelphia
Pittsburgh
Baltimore
12'^,951,6I4
Albany
Kochester
ocraiiton
..[
Wilmington
Wilkes Barre
Wnee.ing
Bln-hamton !.".!::
Greensburz...
Chester...?..
Erie
Franklin,
Beading
j
Pa
25,673.40!)
7,lfi3,9a3
+7-6
1,634,165
128.243.307
43.653.460
26,458,858
6.248,047
4,334.452
4,450.997
2,819.933
1.53.=.,912
1,482,04;
1,370.128
1.095.011
746.651
1,291 5.j3
1.904 50
1.651.360
1,253,143
9.^3.660
8-34,426
587 600
894 583
618.4Hi)
Total Middle.'..*
+35-5 1,R59.121,244
4,55,8,225
8,895. 175
3.410.7;!K
eori.oiiy
]'"'
1902.
37,801,842
25,281.333
6,405,160
4,963.416
4,357.108
3,504.409
1,700 000
[
Washington....
119,71)7,192
41,228.371
Buffalo
Syracuse
l«0:i
276,447
1.133,633
?
1,5(».283,740
132,117,975
40,652.522
27,833,009
6,277,775
3,217,284
6,153.454
2M7.4H5
Total
.
384,005
288,696
New York.
8.75:^,277
3.203,81
3,347.2.54
2.007.06'
2,192,809
448,425
1,4:^9,717
211,961
148,350.808
973,410,410
916,559,674
23,525,0-l(;
750 978
421 487
234.129
556 066
-(-b'3
5:^,533
602
42,699.247
23,035.941
14.234 586
7,252,357
5.627.952
5,852.40.S
5,352.151
1,824.020
1.613,904
1 540.069
973,525
745.700
599.879
167,906
68,232,803
48.838.04'-
+10-7
-17-9
986,103
239,250
68.102,200
+10-9
+7-0
53.714,645
10,404.227
10,489.098
6.175.984
4.337 500
4.417.998
4,182,704
3.951.190
8.195.661
1.925.544
1,526 745
17,855 639
12.127.377
7.855,775
4,430,500
4,546,191
3,999,087
5.463.607
3.<i24.921
2.614.437
1.656.203
1.651.227
1,504.605
1 ,203.620
1,144,719
1.021.743
Not Include
148.708,331
25.333 440
4,178,954
2,903.248
3,868,196
2,791,805
1,407,825
1.240,190
264. 92';
1,170,511
1,154.918
1,533,506
1,146.000
865,996
785.108
900,000
(.01. 081
642,896
816.013
342,417
363,593
361,043
216,050
317,253
282,189
216,685
195,741
187,475
256,828,573
958,000
697,146
426,873
781,0.")3
1
.598,208
l,07J,26ti
1,147.244
938,325
748.703
790.000
545.7S7
436,427
lal.
+0-3 121.679.721
117.600,327
+23-4 2.787.127.682 2.390.754.aS3
19,806,607
16,227.83;
5.219.190
1,722,73
2,411,165
+6-2
828,006,438
888.311.143
22.139.453
17.622.604
14,231,652
3,180,9fH
Canada—
'.[
Halifax
Ottawa.
....
Quebec
Vancouver....!!!!!.!'
Hamilton....
John.
t<ondon
St.
Victoria
,739,912,086
2,242,161
1.468.5:7
1,039.170
1,123.166
1,349.309
512.291
28,610.012
11.779,270
9,875 382
5 081.000
5.550,182
3.732,138
6,442.068
3.816,772
3,057,033
1,715,595
1,819,173
1,883,272
1,628,009
2,749,915.092 2,227,800,021
Montreal
8.34.500
2.083,187,349
'.
all
Outside
Toronto
Winnipeg
778,714
+3«i
'.
Columbus, Qa
Total Southern
1,5(5.753
866.419
854,967
434.297
490.398
Macon
Chattanooga ...'.'..
Jacksonville
1.51«.8;i8
1,247.664
49ti,30O
686.926
525.900
443.167
401,471
465,537
243.377
037.139
2.005,135.433 1.521.031.867
190L
30.557.700
6,202,263
889.252
7,804.1.50
Birmingham
274,780,631
L222,705
639 409
6.785.500
5,723.409
3 858,541
6,038.151
3,769.800
8,311,481
1,893.470
Memphis
+6-3
2,266.341
1.407 877
1,190.528
61.424.155
23,499.595
12.628.512
Louis
New Orleans
St.
the week of 1904 the total for the
Atlanta
whole country shows a gain Nashville
of 23-4 per cent.
Norfolk
Outside of New York the mcrease over
1904 Augusta
IS b-j per cent.
Fort Worth
Meek ending Januiry
146,799
840,807
Cedar Rapids..::::
Total other West'rn
276,791
242,762
196,036
197,854
213,230
118,694
215,40(i
1,228,6-14
OOl.OO^i
Wichita
Colorado Springs.!!
^
—
788,.'-,52
690,415
508,755
440.109
386.670
391.519
»
Minneapolis
Omaha
°^' '"'"^^ ^^*^^^^ fi-^r^s for the previous Louisville
wJk ^o?
week, covermg'ir returns for the
Houston
the
period ending with Sati^ (ialveston
^^'^ ^^^ '^^^^^ for the corresponding Richmond.
J^^'^L^.^'"' ^^'
Savannah
Clearings at
829.000
699,184
517,709
21.450.70:.
Hremont
noon on Satur-
day, and hence
the above the last day of the
be
aU cases estimated, as we go to press
m
be
1.785,961
1.417,742
745.000
751,338
478.548
838,246
627,016
685.99b
488,354
409.310
400.178
348,822
266.516
218,767
262.061
.
Kansas City
St.
St.
2,.^94,702
23 486.976
Sioux Falls
Total Pacific.
+06
—6-4
808,978,^41
day
all cities
+18-8
+16-6
10.320,161
8,650.016
6,613.763
4.393.600
2,088,862
3.635,858
22.013.163
16.912.894
+130 FarKo„
171.136,439
21,422.600
14.611.639
17,206,759
7,271,753
5,042.243
8,948,550
2,804,710
2.897,711
1,708,953
1,528,043
1,050,809
780,600
765,924
545,427
16.092.6.S0
,
,
Spokane
Taconaa
Helena
171,408,264
184,099.073
25.933,850
57,783,746
Portland
+64-7
+20-7
729.088
660.534
382.683
62.556.506
Seattle
Salt Lake City..
P. Cent.
1,662,280
1,430,966
566,096
698,895
470,283
186,844.173
+8-9
1.773959
82,140,815
7,727.595
4.472,629
3.632,253
3,508,59
2.230,843
2.244.966
917.627
611,420
297.007
San Francisco
Los Angeles
1905.
.'.'.'.'.'!!.'!!!!!!
Seven cities, 5 days
Other cities, 5 days
week III
1929,423
33,388,002
8.049.506
4.967.820
4 524.107
4.078.304
2.781.228
3.043.33T
708,635
795,911
218,597
Total Mid. Western
8,7i!4.600
1.513,303
1,140.428
269,534.424
houses of the Jackson
United btates for the week ending to-day.
Jan 21 havfi Ann Arbor
^^^"^'^ ^3.749,945.093 \st
*ri% ft^'^i-l?'''''
»^,l<x;,llb,10o the corresponding week
last year.
521,065
482.605
490,343
2.890,748
1.837.962
1.744.. 567
344.648
287,279
170,720
262,555
271,862
142.750
283,776,702
Decatur.
Mansfield
Jacksonville
*,^^^^'
1,177.324
1.614.403
1,288.742
499,546
771.213
527,145
149.561.077
l,875.44o
1,893,352
1,484,4a'
1.015,296
687,396
Lexington
Canton
1902
3,239, i!21
26,000.000
14.453.381
10,586.10
8,779.869
6,420,341
3.926.600
3.027.63S
8.332.039
2.303.158
2.228.488
625,000
849 657
610,294
Sprinfffleld. Ill
°^^^® "P ^^ telegraph,
*w l^^y^i^^ clearings of aU the clearingetc., indicates
that the total bank
180110,007
8.93.^.938
Grand Itaplds
Dayton
CLEARING HOUSE RETURNS.
169.888,085
11.847.025
9.135.714
6.731,809
4.983.600
2.978,034
14
164,353,769
9,163.900
l,412.3:s7
1..591,9i;
Detroit
Indianapolis.
YORK.
174,168,197
15,li57.994
Milwaukee
COOTPAJVY, PabUiherc,
138.914 091
9.016.000
2.667.043
2.052,241
!
...!!!!!!
Total Canada
20.937,232
7.066.815
1,880.929
1.965„"W8
1,398.675
1.473.281
1,220.712
1,178,205
1,039,352
998.981
62,684,606
16625.3S9
3,908.692
1,.547.877
1.905,128
1,410.887
1,058,356
1,378..=.9(
1,202.892
1,090,736
l,05<i.072
877,.351
1,841,2:16
1.575,5.58
1,234,009
787,113
887,989
724,483
824.652
+22-0
695, 180
821911
820,827
710,390
61.471,334
^
2065.
1903.
2,308.817
1.977.073
Cleveland
on
t-, nn
Ii::::::.'::;; 29 00
bix Months
(26 times)
J
50 00
( Twelve Months (52 times)::;:::::::::::"::
I? oo
CHICAGO OFFICE-Pliny Bartlett, 513 Monadnock Block.
LONDON OFFICE-Edwards & Smith, 1 Drapers' Gardens. E. O.
*i.
January
1904
189,516,293
20,266,460
Sprlnefleld
Subscription incltides following Section*—
eeH en<ini/i
162,861,191
8,226,800
3,487.838
2,490,588
1,630.335
1,490.804
1,613,772
638.512
645,643
635,405
547,359
New Haven-
lla!
NO.
n
1«(j5.
PUBUSHED WEEKLY.
Terms ol Subscription—Payable in Adyance
^-
1905.
—
J
^
.^
th««ffi.^„pr,K
In
.okl s.'^^J.Ji'^Z'^^:::.:'JVT.^^^^^^^^
637.':i55
52.082.800
42.792,765
;
'[TCL. LXXX.
THE CHRONICLE.
184
have never looked
TEE CHICAGO STOCK MARKET TO BE
REPORTED 11^ THE CHRONICLE.
statements
Chicago Stock
Eecognizing that the dealings on the
importance, the pubExchange are assuming growing
determined to furnish
Ushers of the Chronicle have
weekly report of the transactions on
made
to
into
the charge critically.
If the
we know what
some sections are—the
us are correct— and
the results on fruit-marketing in
to the
packers with the private-car owners hold the key
Unless
favorable shipping of all that class of goods.
hereafter a detailed
market at
the ranch owner gets inside, he cannot reach a
What is wanted in this controversy is a prea profit.
page liminary study of the grievances, following each up to
cursory look at the working of our
The report its source.
figures.
each week to the presentation of the
the complaints which
both stocks and bonds and system of railroads and listening to
will cover the transactions in
for all producers think
table showing the con- naturally pour in from every side—
an additional feature will be a
be to get their
and trust companies, which they are taxed more than they ought to
dition of the Chicago banks
to the
York in importance products to market—leads the careless observer
rank second only to those of New
diff-erences between
It is intended conclusion that, as all difficulties and
operations.
and in the magnitude of their
out of rates, the giving]
very shortly, possibly next the carrier and the shipper grow
to inaugurate the new service
is to lower) rates
the arrangements the Commission the right to fix (that
week or at aU events just so soon as
Of course they!
cause.
and Friday's prices by wire would wipe out every disturbing
fbr transmitting Thursday's
same act would not:
are now under way) do not stop to consider whether the
each week (with which experiments
of the railroad
sure that everything cripple and wipe out largely the usefulness
have been tested suflaciently to make
too.
shape.
la in perfect working
a
Among the less informed, in every dispute with
oi the publication of
a preliminary to the beginning
A8
Sucfei
consideration.
railroad only the shipper gets much
had compiled and print
the weekly report, we have
in the rates charged, there ia^
stock and bond fluctuations complainants forget that,
to-day's issue a record of the
margin between a profit
for the whole of the in every case but a very slight
on the Chicago Stock Exchange
prevaiUng rat&|
wiU be found on page and no profit; that the right to lower the
ealendar year 1904 The table
the deci^
lowest sale without giving the raflroad the power to enjoin
Showing as it does the highest and
198.
and have the question tried anp
all the distinctive Chicago sion of the Commission
prices for each month for
the rate it
our Chicago determined by the Supreme Cour^-whether
should prove useful not only to
that Exchange.
It is
contemplated to devote a
full
A
m
iecurities, it
mbscrihers but to
properties.
all
those interested in those particular
THE FINANCIAL SITUATION.
this
new bills or devices for giving the
rates.
Commerce Commission authority to fix
week
in in-
Inter-State
troducing
Eailroads
our :5Tational Legislature
appear to be in such disrepute in
acrimony.
with no little
that they are being pursued
notwithstanding the focal poThis feeling is entertained
must always hold in buildmg
sition railroads hold and
It is only fair to say
industries.
up and developing our
which might easily be rethat there are real grievances
but they have been fanned
lieved if properly handled,
Commission which, strange to say, is
into a flame by the
fix rates— a power which,
seeking for itself the power to
petition, will enable the Commisif Congress grants the
«
sion to
make poor and
to
make
rich,
named
is
just
or unjust, before
it
goes into effect--;
railroad subject?.
the solvency and insolvency of the
Eemembe*;
Commission.
solely to the will of the
injustice to be done by the
likewise that it is impossible for
country without disorlegislator to the raUroads of our
systems, doing ft
ganizing business, harming our railroad
security-holders, and mak.
wrong towards the vast body of
makes
__«.^——--——====
active
Congress has been positively
has
to bring
pubUc. Moreover, injustice
ing the roads less helpful to the
every grant of power to the
will always be done unless
Commission is property guarded. Railroads
Commerce
them into a fight for
cannot be cornered without forcing
individual, and as for that any
life any more than an
include stockmore than the lowest animal can be.
because we owe them
in the foregoing summary
We
holders
largely indebted to the capital
together this vast contithey have furnished for linking
one homogeneous whole;
nent and making of all parts of it
products markets that
for -iving to each individual's
protection
low and
;
the country
is
without it, nor continued
could never have been reached
" merchants, shippers and railroads at its will.
been lessened;
Uft up,
now if the efficiency of the roads had
spirit of this crusade, as
the
and favorSo bitter and blind has become
possible industrial activities
interference with the for making
wide repute
and so harmful may be any unwise
growth which have given us our
department of our com- ing their
and
ordinary working of the carrying
Such creations are being fostered
distinction.
who have anything to do with and
merce that it becomes all
money which has come from
carried forward with the
go slow in the preparation of a
and which
these remedial affairs to
of those condemned roads,
griev- the security-holders
carefully tlie character of the
furnish the
remedy, and study
directly or indirectly to
the money has gone
restrict the power granted to
up.
ances proved, so as to
it has thereby built
country with the benefactions
network of mils, and
ends to be met.
the land is covered by a
the situation, a Kow, after
at
There is, for illustration, as we look
substantially completed,
extensions in all directions arc
part of railroads which
that
source of wrong-doing on the
expose to confiscation the money
is proposed to
gi-ievance, too, which does it
ought to be remedied; it is a
,
the granting of such did it.
do
not need at all for its correction
exaggeration in the foregoing.
There is no
refer to the existence and
out.
authority as asked for.
will ever be earned
not say that the proposal
are not able here, nor is it
justice
of
use of private cars.
many men with a quick sense
the work- There are too
he
into a detailed description of
transaction.
necessary, to go
people to permit such a
has attached it- among our
system which
bills at present
ing of this supplcmoutary
though, as they stand in the
railroads' freight busi- proposals,
way to our
the stockholders
self in a large, wide
Congress have no regard to
fniit— the raising of before
have often heard
There is but a single
ness.
moral.
claims and rights, legal or
is an important and growwhich, as every one knows,
from a railroad, and
way for stockholders to get value
as an instance, though we
ing industry—spoken of
.
.
.
_
We
We
We
1
We
THE CHRONICLE.
Jan. 21, 1905.]
185
Income can only be secured through within the next sixty days; some
estimates place thi»
rates put on traffic
Rob the roads of the right amount at from $15,000,000 to $20,000,000.
MeanwhUe
make rates, put that power into the hands gold bars will most likely be exported
to
as
operate it
that
is 10
of
hostile
rapidly as thej'
right,
parties,
supposed
to
be
from
take
common
to
the
roads
the
of appeal to the
all,
can be manufactured at the
Xew York
courts to determine whether all such acts done have been gagements for such
bars have been
so done as to be just to the road
put the road in that output until the middle of March.
fix, can the transaction fail to end in the confiscation
of
—
a part or the whole of the road's assets?
It is no justification for the legislator to say that the railroads have
Assay
at the rate of about $1,000,000 per week.
Office, or.
Advance
made covering
ea-'
th»
There has been rather an unusual number of fiivorable
developments the present week. Chief among these is
As is well known, that spirit the return to work of the cotton operatives
at Fall
giving birth to the proposed laws ; however looked at, River after
almost six months of idleness. The much^j
that motive is wrong in principle. In the majority of cases
desired result was brought about through the mediation
the punishment will not reach the wrong-doer, the act of
Governor Douglas of Massachusetts. The
12J per
being the act of the traffic manager while the punishment cent
reduction in wages against which the operative*
falls
on the stockholder. Besides, that officer might have been
contending is to go into effect, but as^
with the best of intentions fix on a rate that the Com- part of
the
agreement
Governor
Douglas will;
mission might pronounce too high and substitute a lower, make
an investigation into the matter of
the
which put into force might land the road in the meshes margin between
the cost of cotton to the mill-owners
of a receivership. Are stockholders to be ruined because and the
selling price of cloth.
do not understandsome manager's opinion does not accord with this arbit- the precise nature
of the agreement entered into, but thai
rary and hostile Commission's views?
newspapers report that Governor Douglas is to submit'
One of the proposals introduced this week, a twin his '^conclusions as to an average
margin upon which^
affair, is the least attractive of the lot, and yet
because of the manufacturers are to pay a dividend of 5 per cent
on;
its badness deserves a word of two.
say least at- wages earned from the present time to April 1."
Many
tractive, because the whole measure is presented by
two of the mills started up on Thursday, but in a number of
bills, the second one assuming to organize
a new court cases resumption will not take place until next
Monday,
for no other purpose than to pass upon the acts
of the so as to enable a start to be made with an even
week.
Conunerce Commission and determine whether such
Returns of railroad earnings also continue good. Thii
acts
are
just
or
unjust.
Such a suggestion is is as true of the net as of the gross.
publish to-day
absurd.
have
a
court
now, the
United our compilations for the month of November and they
States Supreme Court, fully organized and equipped,
show $11,249,088 gain in gross, or 9-77 per cent, and
and held in the highest esteem the world over
$6,691,843 gain in net, or 17-80 per cent In addition
Why reject that and substitute a tail to the Commis- there has been a number of
announcements of increases
sion's kite and call it a court?
know of no reason in dividends. The Illinois Central Railroad has declared
except that the Commerce Commission has often
abused an extra ^ of 1 per cent in addition to the regular semithe Supreme Court's decisions because that
court has criti- annual payment of 3 per cent and the Chicago
St Paul
cised and pronounced unjust the Commission's
findings. Minneapolis & Omaha Railway has raised
the semiLike the ordinary unsuccessful litigant, it finds fault.
annual distribution on its common stock from 3 per
If the Supreme Court wants more judges
grant them
cent to 3^ per cent, placing the stock presumably
upon
but of all things save us from a travesty on it
a 7-per-cent dividend basis. The
been guilty of wrong-doing.
is
We
We
We
We
We
—
•
Amalgamated Copper
Co. has declared an extra ^ per cent in addition to the
Among the reasons assigned for the prevailing firm quarterly dividend of
^ per cent. Another fact should
tone for foreign exchange is that bankers
are remitting not be lost sight of.
As compared with a year ago
for the payment of short-term
American railroad notes there has been a great improvement in weather
conand bonds which are held abroad and are about
matur- ditions. January thus far has been a very mild winter
ing; also that, owing to the
relatively lower rates month, whereas in that month of
last year the weather
for money in :N"ew York than in
Europe, bankers are was of unusual severity with the temperatures
exemploying their funds for the purchase of such
American tremely low. This if continued will mean a large savingbonds as are about falling due and are
held by European in expenses to our transportation lines, and
is also »
investors, such purchases being made
on advantageous factor favorable to the development of
general trade.
terms.
One important feature of the week was the The iron
and steel industry continues extremely active
shipment of $500,000 gold coin to Paris.
It has been the large steel companies in the most of
theii- departasserted that coin could not be profitably
exported while ments working to their full capacity. If besides
all this
sight exchange was below
4 88, unless the Bank of the threatened strike of the brakemen on the Pennsyl± ranee should offer the same inducement it offers for the vania Eaili-oad shall
be averted, there will be nothino- to
export of gold bars, viz., the allowance
of interest on mar the bright promise for the future except a
possibility
the consignment while in transit
of Congressional legislation adverse to railroad and
xne export of coin this week was made under
advan- business interests in connection with the proposed amend.
tageous conditions; exchange at jS'ew
York on London ments of the Inter-State Commerce Law.
being firm, and sterling at Paris on
the British capital
low, admitted of the profitable
export of the coin
.
j
j
j
as
an arbitration operation
The extremely
Bankers who are famiUar
with the situation express the opinion
that such conditions
as those above noted are likely
to be of frequent occurrence in the near future, and therefore that gold coin
con8iderabl«_ volume will probably
be
shipped
to
active
class stiU constitutes
the
situation.
demand
bonds of the better
one of the noteworthy features of
for
After the set-back experienced in 1903,
marked revival in the demand occurred, it will be rein membered, during 1904.
Indeed, the avidity with which
Europe new bond issues were taken up in this last-mentioned.
a
[Vol. lxxx.
THE CHRONICLE
186
June 30 1904 the company waa
ending
year was one of the most striking characteristics of that year
Month after month one new loan after another able to make a contribution for betterments of $2,579,period.
above such appropriawas brought out, and not the least difficulty was experi- 329 and yet show a small surplus
For the
on the stock.
enced in finding purchasers for these enormous additions tion and the 6 per cent dividends
only current year to date the company has recorded very strikto the investment list of securities^ about the
new ing improvement in results, an increase in gross earnthe
point insisted on, apparently, was that
character. ings coming concurrently with a saving in expenses.
undoubted
of
be
should
obligations
The
short-time
issued
notes
by
the
railroads
dur-
The
latest
figures
of gross
and net are
for the
five
for these five months net
ing the last two years have almost disappeared from the months to jSToveraber 30, and
against only $5,234,411 for
market. This demand for the better grade of securities for 1904 was $7,157,152, as
the gain thus being
has continued up to the present time, and whenever a the same five months of 1903,
figures $1,922,brought out the whole offering is quickly ab- almost two million dollars in exact
new
loan
sorbed.
—
is
The
latest evidence of this kind is furnished in
the case of the $6,000,000 offering of Pere Marquette
JSailroad Co. refunding mortgage 4 per cent gold bonds
741.
There was no change in
any of the European banks
official
rates of discount
by
week, and compared with
last week unofficial or open market rates were steady.
assassination
are informed that this issue was The report on Thursday of the attempted
& Co. of this city.
a disturbing effect upon
over-subscribed four to five times. The distinguishing feat- of the Emperor of Eussia had
markets, though it did not seem
ure of these applications was that they came from large in- the European security
here.
restors and small investors alike. Messrs. Redmond & Co. to make any impression
The feature of the statement of the Kew York Assoreport that they received many applications for one, two,
These small orders were all ciated Banks last week was the increase of $15,348,900
three, four or five bonds.
{guaranteed, principal and interest, by the Cincinnati Hamilton & Dayton Eailway) just made by Messrs. Eedmond
this
We
these large figures were
Applications for large amounts, however, could in the cash reserve. Presumably
gains of cash in the past two
only be entertained to the extent of about one-quarter of the result of previous
did not appear in
Subscriptions are even now still months which have been reported but
the sum applied for.
they went into the trust companies.
pouring in from the remoter parts of the country. Many bank returns because
increased $9,991,500 and the required reserve
orders came from Indiana, Illinois, Michigan and Ohio, as Deposits
filled.
Not only was thereby augmented $2,497,875 the surplus reserve
increased $12,851,025, to $24,459,275;
but the foreign subscriptions were also very was therefore
this,
Ameri- loans decreased $5,405,900. The bank statement of this
a growing demand for
heavy, showing
reflect, among other items, the shipment of
can securities on the part oi European investors. week should
bars and of $500,000 gold coin to
The inquiry from Holland was particularly large, $1,273,377 46 gold
and the export of $875,000 gold coin to Argentina;
the applications aggregating more than double the Paris,
ft-om San Erancisco of $185,000.
amount allotted to that country. Swiss purchases were also the transfer hither
of $287,624 03 in
The Pere Marquette case, There was a withdrawal on Friday
likewise on a liberal scale.
;
well as the eastern sections of the country.
gold bars for shipment to Paris next week; the average
probably be reflected in the bank
Co. reported that the entire of this amount will also
noon Messrs. Speyer
The surrender by depository banks of 10 per
$40,000,000 bonds of the Eepublic of Mexico had been statement.
their holdings of public funds began on Monday.
gold furthermore that the members of the syndicate cent of
however,
is
merely one out of many.
Yesterday
after-
&
—
taking this large issue of bonds had not been called upon
to make any payment whatever on account of their in-
:
representing bankers' balances, loaned
at 3 per cent
at the Stock Exchange during the week
per cent, averaging about 2 per cent. Banks
and at
Money on
terest in the loan.
call,
If
extra dividend of ^ per cent declared this week by
regular
the Illinois Central Eailroad, in addition to the
gerai-annual payment of 3 per cent, is an event of much
The
companies loaned at 2 per cent as the minimum. On Monday loans at the Exchange were at 2J
of the business
per cent and at 2 per cent, with the bulk
On Tuesday transactions were at 2| per
at 2 per cent.
and
|
|
trust
one of the strongest and bestcent.
and at If per cent, with the majority at 2 per
managed railroad properties in the country and is cent
per
On Wednesday loans were at 2^ per cent and at If
enjoying great prosperity. This record of prosperity,
On
at 2 per cent.
cent, with the bulk of the business
moreover, has extended all through its history. The
only
Thursday transactions were at 3 per cent, though
present is the one hundredth consecutive declaration
sums were placed at that rate, and at If per cent,
made by the company to its shareholders, a record which small
On Friday loans were
at 2^ per cent.
Eight cash dividends were paid prior with the majority
has few parallels.
the bulk of the
On Jan. 1 1860 at 2i per cent and at 2 per cent, with
at irregular intei-vals.
to 1860
Time contracts were freely
per cent.
was begun of making semi-annual business at 2
practice
the
and as the deoffered by the largo lending institutions,
dividends in cash, and this practice has ever since been
in
was light there was an important recession
adhered to. The rate of payment has varied, but in all mand
Exchange colDuring rates. Quotations on good mixed Stock
this long period no dividend was ever omitted.
for sixty days, 2f ®3 per
per lateral were 2i®2f per cent
the ten years to 1900 the dividend did not exceed 5
3«3i per cent for
cent for ninety days to four months,
per annum, but in the five years since then paycent
per cent for seven to eight
per cent per an- five to six months and ^^dU
ments have been at the rate of
Commercial paper was in good demand but
months.
num. The present extra payment is expressly stated
Collections by merchants are
present is the the supply was moderate.
to be in recognition of the fact that the
requirements, and thereThe com- sufficiently large to meet current
one hundredth semi annual cash dividend.
Quotations
offered lor sale.
fore not much new paper is
pany's earnings certainly warrant the extra payment.
day endorsed bills
are 3i'S;4 per cent for sixty to ninety
interest.
The company
is
^
j
i
^
j
i
|
'
'
'
I
'
'
'
It
may
be recalled that out of the earnings of the
fiscal
.. .
THE CHRONICLE.
JAlJ. 21, 1905.
3f '®4^ per cent for prime and 4^ per cent for
good four to six months' single names.
receivable,
ninety day bank
167
gold bars will encourage shipments of the metal
in thi»'
form to the extent that it can be procured at the
Assay-
On
Friday $287,024 63 in gold bars which had
been pre-engaged were withdrawn for export to
Paris
next week. There was a shipment of $500,000
gold
Office.
The Bank of England minimum rate of discount
mains unchanged at 3 per cent. The cable reports
counts of sixty to
.
redis-
London 2^ coin in eagles to Argentina during the week; these
coins
rate at Paris is 2^ per cent
were obtained at the Bank Clearing House. Gold reand at Berlin and Frankfort it is
2f percent. According ceived at the Custom House, $9,471.
to our special cable from London the Bank of England
Nominal quotations for steriing exchange are 4 85^*3^
gained £1,280,543 bullion during the week and held
4 86 for sixty-day and 4 88'2)4 88| for sight. The mar-!
£33,194,603 at the close of the week. Our correspond- ket was active and higher
on Saturday of last week and^'
ent further advises us that the gain was due to imports
compared with those on the previous day, rates for longof £14,000 (wholly from Australia), to exports of £80,000
advanced 5 points to
bills
in
The open market
per cent.
4 8520'S)4 8530, those
(wholly to South America) and to receipts of £1,347,000
net from the interior of Great Britain.
points
4 8760'£4 8765,
to
On
4 8790'S)4 88.
4 8530®4 8540 and
The
foreign exchange market, though only moderately
and
10
rose
short 5 points to 4
la
5 points
for cables
Monday long
short
for
points
t<^
to
8760^4 8770;
On Tuesday short was 5 point*
was generally strong during the week, influenced lower at
4 8755'S4 8765; long and cables were unaltered.
by a good demand for remittance and by a light supply
On Wednesday short advanced 10 points to 4 87654^
of bills.
Commercial drafts against grain were few, and
4 8775; but there was no change in long or in cables. 0»
though those against cotton were a little more abundant
Thursday short rose 5 points to 4 8770®4 8775 and
owing to increased
exports,
they were
promptly cables 5 points to 4 8795'2)4 8805; long was
unaltered.
absorbed,
and
acceptances
commanded
prices The market was a shade easier on Friday
at a dedin*
only a fraction below those
for
bankers'
bills.
of 5 points for short and for cables.
There appeared tliis
week to be
DALLY POSTED RATES FOR FOREIGN EXCHANGE.
some urgency
cables were unchanged.
active,
the
in
demand
which was said
to
made
are being
for
sight
drafts
for
remittance,
payment of some considerable
portion of the $10,000,000 Union Pacific notes
which
were last year placed in Europe; these will mature
February 1.
It was reported that
there are also
New York City revenue bonds held abroad which
will
soon
for
money
for the
be paid
provided for this
in
and that funds are now being
purpose.
The extremely low rates
ofi"
Kew York
are said to be inducing bankers
funds for the purchase of railroad bonds
employ theiiand other obligations which are held
to
FBI..
MON., TlTES.,
Ian. 13. Jan, 16, Jan. r,
be dae to the fact that preparations
in
Europe and wiU
reach maturity within the next few months;
these purchases are reported to be made on such terms as
Brown
60 day» 4 86
Sight
Barhag,
< 60 days
485J^
Magoun & Co. ( Sight
483
Bank British
( 60 days
4 88
No. America (Sight.. 4 88>^
Bank of
4 85!^
5 60 days
Montr aal
4 88
? Sight
Canadian Bank \ 60 days 486}^
of Commerce. ( Sight .. 4 88
Heldelbach.Ick-jeO days 4 86
elhelmer & Co. ( Sight
4 88Ji
Lazard
( 60 days
4 80
*'rere»
< Sight..
488Ji
Merchants' Bk. < 60 days 4 851^
of Canada.
(Slpht.. 4 88
86
(
Brothers
\
THCH.,
se
;
885^
'
86
86
i
S8>i
88X.'
86
86
88«
86
86
86
88X
m\4
88
86
66
S8H
88>i
88'^
88
88
mi
88
8^
85J4
85«
85^4
88
80
88
88
88J^
88X
88^
m
86
8«
86
86
86
m^
85}^
88
8^
86
86
88
-
88 -f
mt\
88«
88^
8514
i
85Ji
89
88
.
The market
Tan.
80
.
.
long,
Wed..
Ian, 18. la-. 19. Ian. 1
.
80
88«
85}^
85>i
88
88
88
,
closed on Friday at 4 8530®4:
8540 for
and 4 8795^4 88 for
banks, 4 8510^4 85020 and
4 8765® 4 8770
for short,
Commercial on
documents for payment, 4
Cotton for paj-j
84J'2)4 85J.
able the bankers to realize returns of
^l'a)^ per cent per ment, 4 84|'a)4
84f, cotton for acceptance, 4 8510-®'
annum on the operation during the period for which their
4 8520 and grain for payment, 4
85f ©4 85^.
money is employed. In the absence of
cables.
will en-
a sufficient
supply
of
exchange
with
which
remit
to
The following
for
and from the
these
and other purposes, gold has to be shipped,
and because of the inducement which the Bank
of
France offers in the form of interest on consignments
to
of gold
gives the week's
movements of money
by the New York banks.
Cnrrency
Gold
bars
while in transit,
profitable export, bankers
thereby
ensuring
have pre-engaged
that can be manufactured at the
New York
all
their
the bars
Assay
Office
interior
WttH ending Jan.
Receired by
X. Y. Banks
20, 1905.
With
Net Interior
Movement.
b\i
$11,176,000
the
.
.
$4,110,000
924,000
Total gold and legal tenders
up to March 15. On Tuesday of this week
$842,008 91 the
and on Thursday $431,308 55, together
Shipped
y. r. Banlcs,
490,000
Gain- $7,066,00&
Gain.
434,OGe
$12,100,000
$4,600,000
Gain. 87,500,00©
Sub-Treasury operations and gold expoi-ts
result is as follows.
$1,273,377 46,
Week ending Jan.
in gold bars
were shipped to Paris, and there was also
a consignment forwarded on the
last-named day of
$500,-
000
in double-eagles to the
port of the latter
was made
same
destination.
possible
The
ex-
because of the ad-
Into
20, 1906.
Banks Interior movement as above $12,100,000
Sub Treas. oper. and gold exports..
83,400,000
Total gold and
leg.il
tenders
...
interest while in transit.
Bankers express the opinion
that if sight exchange shall
remain firm at about current
rates, and if steriing at Paris
on London shall continue
more or less gold coin will be shipped to Paris.
At
the same time the above-noted
inducement for export
low,
of
January
Sank of
Net Change
Bank
$4,000,000
32,200 000
$t6,500,000
The following table indicates
exchange
the principal European banks.
vance on the previous day of the rate for
sight
at New York on London to
4 87|, and also because of
the concurrent rate of 25 francs
13 centimes for sterling at Paris on the British
capital, these conditions of
exchange making profitable the transaction
as an arbitration operation, though the
Bank of France offered
no inducement to the shippers of the
coin in the form of
Oat of
Banks.
Banks.
86,800,000
the
amount
19, 1805.
Gain- $7^00,0©(>
Gain. 1,200.00©
Gain. $8,T0O,0O0»
I
of bullion in
Jintuiry
21, 1904.
Gold.
Franco
Germany..
linssla
Auat.-Hnn.
Spain
Italy
Netherl'da.
Nat. Belg..
Silver.
Total
Gold,
surer.
£
England....
ir^
Eohiingt.
£
£
£
£
83,194,603
108,844,237
88,101,000
33.194,608
43,931,831 150,776,068
12,700,000 50,801,000
102,313,000
43,241,000
6,313,000 108,631,000
86,050,000
12,391,000
46,479,000
7,813,000
12,932,000
14,914,000
19,954,000
22,369.000
To<a7,
£
32,589,741
32,560,743
93,666,704
44,037,829 137,733.5S3t
32,722,000
11,497,000
14,560.000
19.044,000
3,227,800
60,632.000
84,808,000
25,690,800
21,890,000
8,310,000
5,831,500
0,2-18,900
12,078,400
4,799,800
6,500,900
44,219,00©
P3.368,00»
58,811.000
83,604,00©
25,206,009
11,800,800
8.181,667
1, 592,^53
4.777,000
3,lfrl,000
1,582,000
4,748.000
Tot. week... 374,993,007 106.801,861 481,3:4,871 33.'>.»05,745 105.ftl6,729 441,6eS,47«
Tot. prev... 371,411,919 105,541.224 476,953.143 334,3o0,30ll 105,057,066 439,407.4*?
THE CHRONICLE.
188
[Vol. lxxx.
matter of primary
FALL OF THE FRENCH MINISTRY.
by intelligent
education has long been admitted
But the undertaking of
M. Combes, Premier of the M. Combes went to the verge of actual extermination. The
French Ministry, is an event which maj mean much or quarrel had its real foundation in a very old dispute belittle according to subsequent circumstances.
It is also tween the Papacy and the Government of France,
The
resignation
Frenchmen.
of
one of those incidents, rather frequent in European poli- originating in the famous Concordat of 1801 between
'tics, when a Ministry primarily identified with one par- the first Napoleon and Pope Pius YII., whereby the
ticular policy has been voted out because of differences Eoman Catholic Church was formally reinstated in France,
arising from quite
M. Combes
will
another series
of acts or
policies.
always be identified in French ministerial
history with the
attack
Yet
on the religious orders.
was nothing whatever in the vote which led to his
resignation last Wednesday which bore dii'ectly on that
movement. Possibly the fall of Combes is merely a
consequence of the well-known fickleness of French
His Ministry has been in power since
legislatures.
June 1902, and has therefore occupied office for a trifle
If precedent and tradition
over two and one half years.
of the past thirty years are taken into account, this was an
unusually long official tenure. It is true that M. Combes'
predecessor,
M. Waldeck-Eousseau, took office in
June 1899 and did not relinquish it until the same month
in 1902, and that his three-year tenure of office was
brought to a close at his own initiative. But the case
of Waldeck-Eousseau was peculiar, both because of his
there
powerful individuality and control of the restless forces
and because of the fact that he was called to
office as the only man to deal with a grave emergency
which had baffled all other statesmen. Writing nine or
ten years ago, a careful critic of French legislative inBtitutions made an estimate that between 1876 and 1896
the average duration of a French Cabinet had been eight
and one-half months. On the basis of this tradition,
Combes's Cabinet had already considerably outlived the
normal term.
The reasons for this habitually rapid change in administrations is familiar to observers of French politics.
Unlike either English or American legislators, the
French Deputies are divided into half-a-dozen groups or
Tinder him,
every shade of opinion on
factions, representing almost
the questions
of the
day.
between these various
Into
factions
it
the line of distinction
is
needless to go, and,
while
the
traditional
control by
the
Pope of
French ecclesiastics, in religious matters, was conceded by
the Government of France. As this document originally
stood it was satisfactory both to the Emperor and the
Church. It appeared, however, that certain amendments
to the documents had been appended by M. Talleyrand
after its signature by the Pope. Among those amendatory
articles were provisions that no bull or mandate from Eome
should be published in France without the authorization
of the Government; that all legates and nuncios appointed by the Pope must similarly be subject, in the
exercise of their powers in France, to the authorization
of the State; and that no French bishop should be
allowed to leave his diocese save by permission of the
head of the Government
Kot to go too extensively into this famous controversy, it IS enough to say that the Church contended
from the first that it had not signed these amendatory
articles, and was therefore not bound by them.
!N^o
really
consequences
serious
year,
last
when
the
Church
ensued, however,
until
undertook to discipline
French bishops against whom irregularities
had been charged, and when, the Church authorities
having been more or less untactfiil in neglecting to obtain
the specific authorization of the Government, M. Combes
deemed it opportune to intervene and raise the general
certain
issue.
The end pursued by the Combes Government has been
something more than disestablishment it has amounted
;
to
the uprooting of religious orders, the throwing on
their
tics
own
resources of a considerable body of ecclesias-
and the virtual confiscation, attempted
effected, of the
last
American had
moneyed property
if
not entirely
of the orders.
This
attempt has at times during the twelve months past
by an unusual combination of circumThe point is that any government, in order to stances, brought a church quarrel into the money market
voter.
retain office for a week, must do so by presenting induce- as a distinctive factor.
It was alleged, and probably
ments of some sort to a number of mutually antagonistic with truth, during the progress of M. Combes's underindeed, they are largely
legislative
factions.
unintelligible
Under
to
the
such circumstances,
it
is
results which,
taking, that large suras of church funds invested or de-
must be perpetually pre- posited in France were withdrawn and forwarded to
carious.
Waldeck-Eousseau himself was well under- England. Eightly or wrongly, this was the cause asstood to have been forced, in his public policies, to throw signed on various occasions for withdrawal of deposits
continual sops to the Socialistic element, with which by from the French savings banks and for the decline in
temperament he could hardly have been strongly sym- rentes.
pathetic.
It was probably for this purpose that he introSo much for the policy by which M. Combes will unduced and enacted his law for the registration of the re- doubtedly be known in history. It remains to say, howligious associations in France
a move which probably ever, that the specific cause which alienated from him the
was intended to arrest a really violent demonstration support which hitherto had given him the requisite
against such orders, but which in its practical consequences, majorities in the Chamber was not at all the movement
quite obvious that his
position
—
by bringing their resources within the reach of the State
had precisely the opposite effect.
against religious orders but the system of so called espion-
age as applied
to the
army
service.
Whether
this policy
was a man of naiTow views had or had not a definite connection with the general
and obstinate adherence to them. He had perceived, in campaign against the ecclesiastics and their influence, is
It has been intimated that the
a number of the factions on which he depended for his not altogether clear.
M. Combes,
office,
his successor,
the popularity of Waldeck-Eousseau's restrictions
on the religious orders.
He
therefore not only
policy his own, but developed
it
to
made
that
such an extent as
to
military officers against
whom
the denunciatory reports
are alleged to have been filed were chiefly those whose
sympathies with the Church were known and recognized.
This is one of those questions on which it is difficult to
become virtual persecution. That there had been abuses
«f power by the Jesuits and other orders in the pass judgment without more actual
infor»nation
tluui^
1
THE CHEONICLE.
jAlf. 21, 1905.
189
The facts that the objectionable natural result is figures wide of the mark and greatly in
system of denunciations was introduced by General excess of the truth. We have not deemed it worth while
Andr6, the first War Minister in the Combes Cabinet, heretofore to notice the glaring errors that were being
and that Andre some time since was compelled by the made in this way, thinking that as our own totals given
resultant criticism to resign, and was allowed to relin- in the columns of the Cheonicle from month to month
appears to be at hand.
quish office by the Cabinet, hardly bear out the inference
were prepared according
methods, there was
program was a necessary part of the general little likelihood that students or the general public would
Cabinet campaign against the orders. Indeed, it appears be misled by such errors.
from this week's more or less fragmentary dispatches that
It is becoming evident now, however, that these inflated
to correct
that his
the prime cause of the downfall of the Ministry has been
figures have gained some credence when we had supposed
what they deemed to that their en'oneous character would be apparent. Hence
be an unwarranted interference witli the self-respect and we feel it incumbent to set out the exact facts.
Within
nonnal privileges of an army officer. It is a curious the present month the figures referred to have been
episode in this respect, leaving some doubt as to how far adopted by such a prominent municipal bond
dealer as
the indignation of the Deputies at
the action of the
Chamber
a part of the devotion of the
Mr, John Farson of Chicago. In a review of the munilegislators to the army, regarding which, of recent years, cipal bond market for
1904, Mr. Farson makes the followthe world has heard so much.
ing statement: ''A notable feature of the bond situation
The fall of the Combes Ministry has been greeted in 1904 has been the enormous volume of sales. In 1903
without perturbation on the markets, and indeed the $225,000,000 was the total of original bond
offers and
general verdict seems to be that the change in Ministry was the highest amount up to that time.
The total for
may
is
lead to the placing of a stronger and more judicious
1904
is
a
over $400,000,000.
little
This record
is
little
statesman at the head of the Government.
From the be- short of marvelous."
ginning of the anti-Church campaign, no doubt has been
Prior to 1904, the aggregate of municipal bond sales,
entertained among conservative judges of French poli- according to the records kept by us with great
care, has
tics that there was this of danger in the situation: averaged in recent
years about $150,000,000 per annum.
that a very large concession
had been made to the radical extremists, the eventual result of which might be to
give that faction such a sense of power as should simply
lead to its insisting on still more serious concessions.
In
regard the probabilities of the
this
the
a
of
to
which
difficulties
Ministry
France,
in
some extent be
moment
surround
the
that
at
London
or
at
Washington would
less
than alarming.
would indicate that all
become reckless and
It
of a sudden our municipalities had
extravagant to an inordinate degree.
The
truth
is
the
$400,000,000 total is too large by nearly $150,000,000,
will and even the 1903 total of $225,000,000 is too large by
this
must be over $70,000,000.
The actual amount of municipal bonds put out during
now well-established tradition of French
in many important offices of State, which
considered the
politics, that
nothing
organization
matters
Along with
bettered.
are, despite
If from this arerage a rise had really occurred in 1904 to
$400,000,000, the situation would have to be regarded as
change
inevit-
the year 1904, including sinking fund takings as well as
was $250,710,038. Ko
aggregate approaching anywhere near $400,000,000 can
cupants are apt to be left undisturbed through the be obtained without including items
that do not belong
vicissitudes of nominal control.
M. Delcasse, for in- in the same. The most common mistake is to include
stance, the conservative Foreign Minister, to whose good temporary loans in
the totals.
Such loans have no
ablywith the
offices
changing of
an administration, the
issues disposed of at public sale,
oc-
such achievements as the Anglo-French Conven.
place in compilations of this kindThey are mere tern,
and the self-restrained attitude of France towards porary obligations, which are taken up again soon
after
Eussia during the Eastern war must be largely credited their issue, and therefore add nothing
to the permanent
has already kept his office through several changes in debt of a municipality.
Occasionally these temporary
the Premiership and is likely to continue to retain it.
loans are made as a preliminary to the negotiation of a
tion
WEAT WAS TEE AMOUIfT OF MUNICIPAL
BOND SALES IN 1904 ?
more permanent form of obligation. This is done sometimes when improvements or new work of some kind
is
under way.
made and
To
later the
include both the temporary loan
permanent bond
when
issue, is obviously to
Some decided misconceptions prevaU as to the magni- count the
same thing twice. Then again, money may
tude of the municipal bond sales during the year just
be borrowed temporarily on short time loans to meet
passed.
It is obviously important that erroneous immaturing bond issues. In this manner the city of
pressions in that regard should be corrected.
Without Eochester on December 28, negotiated a temporary loan
question municipalties in the United States borrowed
for
much more
largely in
1904 than in other recent years,
but the extent of the increase in that regard is immensely exaggerated in many of the current statements
$410,000 (public bids for the same having been inup 7 per cent bonds which matured Jan.
vited), to take
That method of providing means for meeting
maturing bonded debt was adopted in this instance be1,
1905.
afloat.
cause the city contemplates the issue of 30-year bonds,
All through 1904 very excessive figures were put out
for which, however, legislative sanction must first be obin certain quarters, month by month,
purporting to show tained, and this could not be had until the Legislature
the extent of the municipal
bond sales. Within met the present month.
more
recent
years
have
undertaken
municipal
offerings.
are
either
to
make
diflFerent
indicate
the
Unfortunately
ineiperienced,
the one desire to
hoping thereby
several
to
or
are
publications
volume
these
year's
taxes.
however, teraporay loans
The municipality needs
by current expenses,
their totals as large as possible,
convey the idea of great industry.
cases,
of are issued in anticipation of the collection
parties
animated
In the great majority of
The
collections do not
year.
As
soon
say, early
come
as
in
in until
the
of a
the
current
money
the year, while the
the
latter
part
for
tax
of the
tax revenues are received the
THE CHRONICLE
190
notes
or temporary
loans
loans liave only a short
life,
are
paid
Hence such
off.
their purpose being
tide
to
advertised and the
purchaser refused to take the same.
After this defect had been cured the bonds were a^ain
over an emergency, albeit an emergency that recurs year publicly
That
precisely the predicament
[Vol. lxxx.
ofi"ered
and an actual
sale
made
in
November.
New York
Obviously as there has been but one sale the amount
This city is in the market every year should not be credited both in August and again in
City finds itself in.
in the early months for enormous amounts of money to November.
Newport, E. I., awarded $150,000 3^ per
after year.
is
carry on the functions
ceipt of taxes in
problem
is
of government, pending
the re-
October and subsequent months.
one which
is
troubling the
cent high-school bonds in
The by
city officials all
May;
the bonds being refused
the successful bidder they were re-awarded to another
To
party in June.
same
include, as has been done, the
numerous have been the suggestions and item in both months is an exaggeration to the extent of
propositions for dealing with the matter, or avoiding its the amount of the sale.
Instances of this kind might be
the time, and
continuance in the future.
Then
multiplied almost indefinitely.
In 1904 Isew York City put out no
less
than $130,-
many
other descriptions.
Take
there are errors of
the cases of municipali-
916,948 of revenue bonds issued in anticipation of the ties which are carrying out compromise arrangements
collection of taxes and $9,500,000 of general fund with their bondholders and which report every now and
bonds, the latter issued to utilize the surplus revenues of then
making together over 140
the
total
bonds
of
exchanged
up
to
a
cer-
Such exchanges certainly are not origidollars for the twelve months.
In our compilations we nal bond sales and yet some compilers add them on.
exclude the whole of this amount.
The parties who In compiling our figures we take special pains to avoid
undertake to show a total of $400,000,000 include the duplications or the inclusion of items that do not belong
the sinking funds,
entire
sum.
We
million
know the precise portion of the
New York City revenue bonds created
do not
$130,916,948 of
dering 1904, which was taken up before the year's
as the records in that regard are not
yet
close,
available.
tain
date.
in the totals.
It is also at times necessary to eliminate
altogether an item previously included,
owing
the
cir-
cumstance that subsequent developments rendered im-
In possible the consummation of a reported
when $126,020,149 revenue bonds were
$103,474,308 of such bonds were at the same
to
sale.
Thus Bead-
June 1904 made an award of $545,000 bonds;
the bonds were declared invalid, and hence have
1903, however,
ing, Pa., in
created,
later
time redeemed and canceled during the twelve months,
never been issued.
the remainder being presumably taken up
deduct
Figures like this
indicate
during 1904.
In publishing our
final figures
we
items of this description, while others do not
all
very clearly the ephemeral regard the matter of sufficient importance to require con-
nature of these revenue bond issues.
sideration.
Moreover, the publications which report totals of
$400,000,000 include bonds issued by Canadian municipalities and also bonds issued by the island possessions
We confine our aggregates enof the United States.
tirely to the bond issues (State, county and municipal)
made within the country. During 1904 we reported in
our "State and City Department" $8,675,878 of sales by
Canadian municipalities, besides $13,000,000 of Philippine Island securities and $1,000,000 of Hawaiian
If we followed the same practice as others in
bonds.
that regard, our total would run far in excess of $400,In other words, the result in that case would
000,000.
be as follows Actual municipal bond sales for the twelve
:
Another
it
fact is
worth mentioning, particularly because
why
serves to explain
made up
years.
totals
thus indiscriminately
record such tremendous increases over earlier
In these previous years, though the parties
re-
same way,
the practice did not involve exaggeration to the same extent, and hence the consequences were of less moment.
For prior to 1903 New York City did not furnish reports
of its temporary loans from month to month, and thereferred
fore they
Even
compiled
to
in
their
totals
in the
could not be included in any of the tables.
1903 no figures could be obtained until the
latter half of the year.
We
may
repeat, therefore, that the aggregate of
mu-
bond offerings of a permanent character during
Philip- the twelve months of 1904 was $250,710,038 instead of
sales by Canadian municipalities, $8,675,878
This compares with $152,281,050
pine and Hawaiian bonds, $14,000,000 New York City over $400,000,000.
The increase
general fund bonds, $9,500,000} grand total, $435,041,- for for 1903 and $152,846,335 for 1902.
over 1903 and 1902 thus proves to have been consider310.
months, $250,710,038; temporary loans, $152,155,394;
nicipal
;
;
$435,041,310 arrived at in this way is able, namely $98,000,000, which, however, is a totally
It
obviously of imposing magnitude, but including as it diff'erent thing from an increase of $250,000,000.
disdoes $152,155,394 of temporary loans and $9,500,000 of should be remembered, moreover, that owing to the
general fund bonds issued by New York City, the result turbed financial conditions which prevailed in 1903 the
The
total of
is entirely
misleading as an indication of the
extent to
situation in that year
was not favorable
to the issuing
of
which municipal bonds have been marketed or the per- municipal bonds. It will be recalled that during the
manent debt of municipalities increased. We have made summer months of 1903 great difficulty was experienced
an inspection of the monthly tables of one of the pub- in finding takers for new bonds and that in numerous inlications which reports municipal bond sales for 1904 of stances the bonds could only be placed by raising the rate of
over $400,000,000, and find that the total includes no interest Except for this obstacle tlie sales for 1903 would
Not a few bonds would have
less than $141,981,111 of temporary loans besides the have been much larger.
general fund
bonds
of
New York
City,
the
loans
been placed in 1903 which did not come on the market
Canadian municipalities and of the Philip- until 1904.
It should also be borne in mind that a considerable
There are also many
pine Islands and of Hawaii.
duplications, by which we mean that the same sale has portion of the whole increase of $98,000,000 occurcd in
been counted twice, and on occasions even tliree times. this city. New York City in 1904 sold to investors or
As an illustration, Toledo, Ohio, on Aug. 24 awarded placed with its sinking funds $86,589,440 bonds as
$100,000 4 per cent refunding natural gas bonds. It sub- against only $43,022,919 bonds so disposed of in 1903,
of the
sequently developed that the bonds had not been sufficiently
giving an increase for this city alono of 43^
million,
'
!
.
THE CHRONICLE.
JAK. 21. 1905.]
191
BREADSTXTFFS AND COTTON EXPORTS FOR CALKMDAB TEARS
amount of
1P03.
1»02.
1901.
1000.
new bonds during 1901, that is $16,000,000; in 1903 that ™, and flour— 1»0*Wheat ^^
bushels
64,ge6.230 S61,367,lfS 212,4*5,731 263,23fl,9C2 182 925 418
Then Chicago
city had put out no bonds whatever.
v^alues
«9I,238,875 $134,517,491 $165,346,005 »201,4E8,50a $188,994^038
Wheat, av. price.
SSJ^o.
80%c.
72i^c
75c.
71?ic
and its sanitary and park districts sold $11,675,000 of
Flour, ar. price..
8137
$3 85
$3i'9
$3 72
Philadelphia, too, placed an unusual
dollars.
.
$3 66
46,451,8:;5
9l,733,7S0
18,723,960 102.a59,r.89 190,386 439
values
$25,232,763 $19,135,007 $11,567,976 $50„3ei,388 $84.2*4,738
Averasie price... 54 5-iee.
58 9-160.
GlHc
iOUo.
44>4c
Oats— bushels......
1.220 527
1,494,857
5,976,703
85,929,043
32,160,642
$617,':^45
values
$012,855
$2,558,962
$9,106,199
$»,823!49d
Average price... 41 15-16c.
41 5-lCo. 4211-160.
86>^o.
30'^c.
Cotton— bales
6,581,irO
7,093.433
6,687,441
6,063,093
6,671,561
Averaije price... 10 I6-I60.
10 7-16C.
83^c
8 lfl-82o.
dHc-
bonds in 1904 as against only $5,250,000 in 1903. These
three cities therefore account for $69,000,000 of the
additions, leaving only $29,000,000 increase
to
tributed
number
be
over the whole rest of the country.
Corn-bushels
dis-
of our State and City
to be issued in
May we
In the
Supplement or Section
famish our usual extended
shall
From
large
and comprehensive summary of the year's bond sales,
showing the purposes for which the bonds were isssued,
their distribution
by States and also their rates of
GOUNTBTS foreign trade IW
The
week by
the
inter-
way
how
tailing off in these leading agri-
G-oing a step further, however,
we
find
1904 were only $98,122,714, against $200,012,362 for
1903, $276,404,299 lor 1901, $250,786,080 for 1900 and
$269,955,771 for 1899. In this one item, therefore,
there was a loss of 102 million dollars from 1903 and of
178 million dollars from 1901. At the same time the
provisions exports also dropped off, they having a value
of only 166^ million dollars in 1904 against 181J million dollars in 1903 and 207 million dollars in 190L
1904.
Bureau
of Statistics at Washington, is the testimony they aiford of
the
possible to get an idea of
that taking the breadstuffs exports as a whole, values for
striking feature in the foreign trade figures for the
calendar year 1901, issued the present
it is
and general was the
cultural staples.
est.
TH:E]
the foregoing
in which the total of our merchandise exports
was maintained in face of a number of adverse conditions.
Export values for 1903 had been the largest
of any calendar year on record, reaching $1,484,753,083.
From this there was a decline in 1904 only to $1,451,Of course under normal conditions growth is
352,745.
the rule from year to year, and had such conditions prevailed a further increase would have been looked for
The cotton movement
that for
1903 and
recent years.
fell
half a
million bales short of
average of other
also fell short of the
In the early months shipments were small
|
because of the deficient crop of the previous season,while
j
rather than a decrease.
market prices continued to rule high. The latter part of
the year the price dropped to very low figures (owing to
the magnitude of the new crop) and exports were of
j
What
gives significance
to
really liberal volume; but nevertheless did not attain the
the close approach of the
|
1904 aggregate of the merchandise exports to that of extraordinary dimensions of the preceding year. The
1903 is that it was attained in face of a large shrinkage average export price for the twelve months, as it happens, was higher than for 1903, being 10 15-16 cents
in the shipments of some of the most important export
staples.
There was a great contraction, for instance, in per pound against 10 7-16 cents, and this served to offset
the breadstuff's exports, and particularly the outward in part the loss resulting from the diminution in the
movement
,
of wheat
and
This falling
flour.
quuntity shipped,
off in the
still
leaving, however, a
loss in aggre-
have had a twofold cause
in a diminished crop yield and diminished supplies and
gate shipments of about 10 million dollars.
in the extraordinarily high
found that the exports under these three heads
wheat exports may be said
here
to
level
of values
—
so high that the export trade
lyzed
all
in
Combining
it
ig,
for
had a value of but 633J million dollars,
million dollars for 1903
a loss of 126^ million dollars.
Total merchandise exports for the twelve months, we
wheat was para-
—
through the year, but especially in the closing
Of wheat and
cotton,
1904
as against 700
maintained
combined we sent out only
64,966,260 bushels in the twelve months of 1904, against
months.
and
breadstuffs, provisions
flour
less
than 33^
of the
other 93
have already seen, record a decrease of
161,367,104 bushels in 1903, 212,445,731 bushels in
1902 and 266,286,902 bushels in 1901. It is a noteworthy circumstance that though home prices of wheat
advanced 30 to 40 cents a bushel, the average price on
the export shipments of 1904 was but little higher than
the average on the export shipments of 1903, the com-
How
million dollars.
million dollars
was
the
loss
From
made good ?
the following table
was an increase of ahuost 8^
petroleum exports and an increase
will be seen that there
it
million dollars in the
of nearly 5 million
sheep and hogs
;
dollars
in
the
shipments of
cattle,
but that the bulk of the whole increase
j
80§ cents, a differper bushel, showing that foreign
consumers would not follow the advance in the United
States, being willing to buy here only so much and so
occurred under the head of
long as they could get the wheat at
Cotton
parison standing 83J
ence of but 2^ cents
cents
against
Exports,
movement
of corn.
outward
These corn shipments had been by
off in the
AM
1-J
Then
also the export
movement
considerably below that of the previous year,
The
is
in the following table, covering these last five years.
1451352745 148*753188 13606S6933 146S3768flC 1477W811'i 1(876487071
in
1904 had a value
of
1903—an
but taking the detailed statement for the eleven months
30 it appears that the greater part of the whole
gain was contributed by two main items, namely copper
and iron and steel. In the early months no feature of
the export trade was more^ conspicuous than the decided
to :S"ov.
fell
situ-
accurately portrayed
1899.
We
I
ation in these various particulars
1900.
havo no details
addition of over 80 million dollars.
yet as to these " other " exports for the twelve months,
million bush-
of cotton
1901.
$693,883,561, as against only $613,739,158 in
of a value of $512,855.
bushels.
1902.
Thus the " other exports "
In 1901 almost 26 million
bushels of oats went out and in 1900 over 32 million
els,
1908.
757,469,184 671,013,925 763J2:6 5«6 996,395,970 f»61,lH4,842 741,481,97}»
oth. exp. 69S,883,E81 613.739,153 597,409.408 5e8,979,8»C 016,811,871 583,095,693
Total
1904 were hardly more
than nominal, amounting to only about
1904.
Total
no means large in 1903 at 91^ million bushels, but for
1904 the exports of that cereal reached less than 46Amillion bushels.
The exports of oats, which in good
years have been fairly large, in
other exports."
368,738,726 378,578,628 300,491,285 800,985,383 314J852,586 191,167,342
Breadstoflb. 98,122,714 200,013,382 195,711,992 376,404,299 250,786,080 269,055,771
Pror'na, &o. ie6,698,140 181.498.99i 182,628.790 2C8.93l.809 188,628.785 182,446,184
Catt]e,sheep
and hOKS. 43,609,404 88.933,408 25.841.689 89,290,067 85,033,784 31,910.407
Petr'lm, &o. 80,400,200 72,028.639 68,587,143 73,784,912 74,493.707 66,002,323
substantially the
old figures.
There was likewise a large falling
'^all
EXPOBTS OF LBACING PKODOCT3 FOR SIX CALKNDAB TEAE8.
THE CHRONICLE.
192
increase in the shipments of iron and steel in all their
various forms, producers seeking through
markets
in the foreign
dera<ind
head
these
for
continued
increased sales
purchases of cotton manufactures were also considerably
reduced.
As to the increase in the coffee and sugar im-
former had a value of $77,3-1:1,993, against
The increase under that $53,824,420, and the latter a value of $81,053,330,
end of the year (prob- against $58,162,389. Higher prices played an import-
to offset the falling off in the
articles.
the
to
home
[Vol. lxxx.
ports, the
home demand revived ant
ably on old contracts), though the
part in the increases
here, the average import value
and steel again sharply of coffee having been 7*83 cents per pound, against 6*26
advanced. For the eleven months to November 30 the cents, and the average import price of sugar 2-04 cents
iron and steel exports were $118,182,998, against $89,- per pound, against 1-83 cents.
Still, quantities were
also enormously enlarged, the imports of coffee (eleven
082,747 for the eleven months of 1903. The copper exports were on an enormous scale, and reached (eleven months) having been 987,277,012 lbs., against 859,572,months) $68,005,169, against only $38,417,414 in 1903. 302 lbs., and the imports of sugar 3,963,497,168 lbs.,
In quantity the copper exports were 507,378,384 pounds, against 3,172,764,157 lbs.
Some of the more important
and
prices for all grades of iron
The
against only 272,000,604, pounds in 1903.
in this country the price of copper
large
of these
was sharply advanced,
diminution of supplies as the result
to the
exports),
shown
last three years are
niPORTS 11 MONTHS ENDING NOVEMBER
low figures (notwithstanding that
to accept
owing mainly
changes in the imports of the
mainly because producers in the table which we now subjoin.
takings were evidently large
were willing
foreign
average export price for
the
1904 having actually been somewhat smaller than that
The
for 1903
that is 12*8 cents, against 13-3 cents.
Imparls—
1904.
$5?,lll,618
3,579.054
8,154,204
77,341,993
3,874,407
Ohemloals, etc
Coal
Ooooaoroaoao
Coffee
Copper— ore and regulns
Copper— pig, bars, ingots
-
16,631,2''8
1903.
1902.
$60,26 4,483 $54,135,670
8,811,528
6,072,524
6,952,963
6,477,373
53.824,4:0
59,312,612
2,856,404
8,454,354
16,023,210
11,176,778
47,610,954
43,006,300
10,881,454
9,173,866
3,041,920
1,946.780
8,442,333
7.384,195
Cotton manufactures
42,090,834
Earthen, fctone and oMna ware 10,965,555
Fertilizers.,.. „
3,453,934
FlsU
9,445,758
exports of leather and manufactures of the same were Flax, hemp, etc.— onmannfaotured
32,093.'-56
32,957,582
31,654,244
likewise larger and the exports of cotton manufactures Flax, hemp, etc—manufa<5fd. 35,829,185
36,547,543
36,216,376
Fruits and nuts
22,390,927
22,667,700
21,078,900
also again improved.
annex the following to show Furs and fur sldns.
14 603,467
13,989,931
15,406,450
mdes.
52,692,046
49,594,207
53036,053
the more important changes in the various items of India-mbber
40,016,711
33,013,374
22,884,696
Iron and steel
„... 19,946,080
39,516,378
36,766,961
miscellaneous exports.
Jewelry
25,966,753
28,866,782
25,831,427
Leather and mannfacturea.... 10,068 5 9
10,917,066
10,f.l5,988
EXP0KT8 11 MONTHS ENDING NOVEMBEK 30.
OUs
10,141,877
10,415,283
10,751,209
8Ub—raw, etc
50,836,692
40,t 07,623
41,852,631
Exports—
1904.
1903.
1902.
Sl,156,948
l.'",872,719
81,611,817
$20,758,0"8 $21,452,476 $16,886,438 Silk—manufactured..
Agricultural Implements
15,304.790
13,915,738
Coal
26,312,432
25,511,783
16,705,314 Spirits, wtnes and malt liquors 15,'i 26,332
81,053.330
5 ,16^,389
57,594.749
68,005,169
38,417,414
43,100.666 Sugar
Copper, not including ore
15,212,272
15,761,918
12,439,314
dotton manufactures
29,397^54
25,222,336
30,657,651 Tea
i:l,3iy,016
20,626,476
l'^,532,807
Frulte and nuts
16,105.050
16,468,160
11,625,532 Tin
li>,10t,613
15,073,676
14,509,054
Iron, steel, etc
118,182,998
89,682,747
80,136,024 Tobacco unmanufactured
26,136,:!46
25,845,118
25,726,2!'l
Leather, etc
..= .... 32,039,148
30,144,618
27,812,348 Wood and manufactures of
26,141,280
21,348,674
17,S62 142
Naval stores
15,243,696
12,677,067
12,015,357 Wool— nnmanufactured.
Wool—mannfactured....
11,609,511
17,806,749
17,162,125
16,4i0,516
17,704,16-!
Oil cake and oU meal
16,119,852
11,726,130
11,397,019
OU, vegetable
14,171,163
With the merchandise exports close to the largest on
7,432,rt57
8,850,272
Paraffin and paraffin wax
7,538,641
1,754,696
3,727,939
7,198,811
Seeos
the merchandise imports the heaviest by far
Tobacco,notinol.manulaotar'd 29,479,457
27,485,039
32,419,623 record and
56,906,942
57,819,235
47,432,330
Wood and manufaetures
ever reached, our total external trade for 1904 surpassed
—
We
'
imports, which in 1903 had been the
The merchandise
!
value
in
that
of any
preceding year.
The
following
heaviest of any calendar year on record, further increased
shows
some 40 million
separately and combined.
.
KEBCHAKDISE EXPORTS AITD IMPOSTS (CALENDAS TEARS).
V
for
during 1904, bringing the
dollars
twelve months up
the
These
$1,035,907,370.
to
total
must be accepted as evidence that there
was no impairment of home consumptive capacity, notlarge imports
withstanding the lack of activity in general trade in the
United States
greater part of the year.
for the
A note-
the
While
escape notice.
in
the bulk of the increase
two principal items, namely
coffee
is
found
and sugar, yet
and well defined tendency towards a decrease in manufactured goods and an
increase in raw materials and wwmanufactured sroods
there seems to have been a distinct
The country increased
eleven
the
figures for
its
imports
months
in
of hides (taking tne
tlie
case of all these
separate items, since the statistics for the twelve months
are not yet available) from $49,594,207 in
1904, and
692,040 in
its
1903
to $52.-
imports of India rubber from
Then the imports of raw
$33,013,374 to $40,046,711.
from $40,607,623 to $50,836,692, Avhile the im-
silk rose
portations of manufactured silk were reduced from $31,-
156,948
factured
to
$27,872,719.
wool
$14,609,511,
wool
Again, the imports of manufrom
decreased
but
the
purchases
$17,800,749
of
to
unmanufactured
from
advanced
$21,318,674 to $26,141,280.
Furthermore, we imported only $35,829,185 of manu-
factures
of flax,
hemp,
took $32,957,582
shrinkage in
dropping from
against
of Mwmanufactured
against $31,654,244.
great
etc.,
flax,
hemp, etc,
There was, we need hardly say, a
the imports of iron and steel, these
'
1872..
1873.
$39,516,378
to
1975..
1876
1877
1878
1879
1880
1881
1.0,916,080, while our
thirty-five
both
years,
,_-\
.^
ImportB.
Exeesi.
Imp.557.546,048
$864,718,0885
460.352.088
463,837.948
B67.757.867
669,872,553
510.947.422
590.680.629
678411.099
Imp. 118.759,011
Imp. 187.126,751
Imp. 27,490.181
Exp. 7,756.646
Exp. 7.784.488
Exp. 163.319.464
1,038,463.187,,
656,984,699
695,248,048
682.115,907
503,162.938
427.347,165
480,446,300
431.612.333
513.602,796
696.807.176
670,209.448
752.84SJ507
687.066,216
629.261,860
587.868,673
660,803.688
704.576.343
719,484.680
762.884.881
814.909.575
818.364,521
830,490.141
70a.239.846
676.312.941
801.669.347
681,570,556
742.596.229
620302.412
1883.....;....
1883
1884
1885
188«
1887
1888
1S8»
1880
1891
1898
1893
1894
1895
1898
1897
1898
1899
1900
1901
1903
U»03
19C4
737.091,973
765,159,825
889,683,423
833.549.127
767.981.946
795.209.318
749.366.428
688,249.798
713,347,290
715.212.840
891.620.852
827.065,760
855,309,202
970,265,925
938,020,941
875.831.848
826.102.248
824.860.136
1,005.837.241
1,099.709.045
1.255,546,266
1,276,1«7,971
829,149,714
1,466.376.800
8e0,419,910
1,360.6b B.933
069,316,870
1.4?4.753.0t3
,
634,984,448
798,937,410
1.477.946.113
The
095.494.327
1,451,352.716
1,035.907.3^0
trade balance in the
chandise movement,
lars less
of
the last
1461.132,055
Exports.
1871.,..-
$36,547,543, but
for
$403,586,010
OaPdarTear.
1870
1874
worthy feature in the import trade, however, should not
totals
than for
$415,445,375.
it
letal Ttaae:\.
1,124,802.647
1,191,988,480
1,014,110.358
1.618.013.794
JSxp. 139,858.112
iaOO.748.712
JSav. 305.479.590
Exp. 251.557.029
Exp. 192.876.248
Exv. 163.339.679
Exp. 16.133.439
Exp. 108.143.100
Exp. 120.104.568
•
1,168.704,S5«
1.503,758,676
1,620,826,453
1,482,275,532
1,378,628,283
JBip. 100.381.125
1,276,118,471
Exp. 62.458.704
Exp. 10.638.497
Imp. 27.f63.828
Exp. 64.170.869
Exp. 40.189.627
Exp. 151.801.404
Exp. 107,530,800
Exp. 109,592,003
Exp. 148,789,307
Exp. 23.190,789
Bxp. 324.257.685
1,374.240.876
Ea;p. 357.113.816
l,e 12.304,274
Exp. 620.581.818
Bxp. 476,500.681
Exp. 64S. 706.399
Exp. 68t.956.9o0
Exp. 391.3W.0U3
Exp. lS.i.858.7£0
Eip. 415,415.375
1,419.789.183
1.411.105.532
1.689.940.631
1.670.308.777
1.788.630.446
1,768.611,082
1,642.071.694
1.501.415.189
1.626,529.483
1.687.416.707
l,tti)0.510,7U
2.074.435,881
2.307.095,827
2.S4&.795.770
2,3,^;).0C2,8D1
2,480,217.410
2.487.280.115
was about 74 million
dol-
1903, though reaching the large figure
ITotwithstanding this huge balance^
and a further balance of $24,225,703 on the
'
1.278.762,621
1.588,490 598
country's favor on the mer-
appears,
j
1,163.005.915
silver
move-
;
JAS.
ilars
THE CHRONICLE.
21, 1905.]
L
ment we were
obliged to export net over 36 million dol-
Several causes accelerated the gold outflow,
o"old.
193
nary amount of bonds for improvements, and particxr
larly the large sum devoted to railroad terminals at Kew
'aamely the $50,000,000 Panama Canal payment made York, St. Louis, Washington, Jersey City and Baltiby the United States, the placing here in May of one- more; (3) the entire absence of railroad reorganizations
half the £10,000,000 of Japanese loan, and in November following bankruptcy; (4) the relatively small amount
of half of the second Japanese loan for £12,000,000;
likewise the floating in this country of considerable por.
of bonds for refunding, but the very considerable
amount
replacing floating debt or short-term loans; (5) the small
States of total of the stock additions, although these during the
$40,000,000 loan of the United
Mexico and the $35,000,000 loan of the Eepublic of last half of the year were double in amount what they
Cuba. In May the exports of gold exceeded $43,000,- were for the first six months; (6) the further widening
tions of the
000 and in four other months the outflow ranged between of the New York market for securities, as seen in the
10 and 20 million dollars. All through the year, how- inclusion of Japanese Government bonds and the securiever, there were large imports of gold on the Pacific ties of the London Underground road; (7) the complete
How the exports and imports for 1904 com- lack of new industrial consolidations, if we except a sin.
Coast.
pare with preceding calendar years is shown in the gle mining proposition; but, on the other hand, (8) the
annexed
very considerable aggregate reached by miscellaneous
table.
Tear
MtUUng
Dec.Sl—
Excest of
Exports i+) or
Imports, Imports (—). Exports.
»
$
«
;"
JBxporti,
9
10,430,561
5,841,948
11,113,290
20,537,264
7,422,806
14,338,789
23,673,391
11,629.655
10,477,859
78;767.941
53,103,746
41,915,976
68.638,125
25,496.118
43,149,091
63,413.947
81,231,739
18.982,638
8.655,948
1870
1«71
1872
1873
1874
1876
1876
1877.
4-42,673,184
-f39,074,027
4-67,524,835
4-4,958,864
4-35,726.285
4-39,075,168
4-7,558.448
4-7.362.983
—1,821,911
—74,662,495
1879...... 4,U5,446
3,062,469 73,fl44,«98 —70,532.239
1880
2,603,543 60,398,620 —67,795,077
1881
38,721,079 13.402.628 4-26.318.551
1882
6,048,770 22,055,961 —16,007,191
1388
18T8
bond
—Sllver.-
-Gold.-
40,948,246 27,967,657 4-12,990.5S9
11.417.207 23,645,311 -12,238,104
-26,613
41,283,232 41,309,835
9,144,426 44,903,327 -35,758,tf01
1887...
,1888... . 34.526,447 11,034.074 4-23.492.373
18,061,520 4-38,873,892
. 60,9^,412
4-3,683,652
24,063,108 20,379,456
1890
77,093,066 45,208,377 4-38,889,888
1891
76.546,328 18,166,068 4-58,380,272
1892
4-6.703.151
.79.983.726 73,280,575
101,849.785 21,850,607 4-80,499,128
1804
104,967,403 34,398,398 -t-70.571,010
1805
58,256,880 104,731,359 —46,474,369
1896
4-253,689
1897...... 34,376.401 34,022.812
16,194,954 158,163,053 -141,96S.Se8
1808
—5,955,553
45,879,411 61.334,964
1809
ISOO ..... 64,134,623 66.749,081 —12.614.461
4-3.022,059
67,783,950 64,761.88J
1001
—8,163,729
S«,030,691 44,193,317
1002
44,346,834 65,267,696 —20,920.882
1903
121,13-.415 81,803,234 4-36,338,181
1901
1884
18S5
1886
.
,
__
Excegt of
ExpoTts(.+)or
lmports(—)
Imports.
«
»
-fl2,686.8S4
-f21,662,028
4-21,980,085
4-2S,864,022
4-21,746,988
4-17,342,210
4-14,324.698
4-17,195,369
18,259,199
10,962,467
10.068,714
9,212,185
7,830,698
8,547,357
25,^9,567
25,122.736 10.798,043
29,336,929 12,141,560
18,209,252 18,389.884
21,701,662 14,426,017
12,983,442 11,631,025
8,595.645
17,063,274
17.317.055
9.098.385
26,794,670 14,153,357
29.563,748 15.604,777
83,280,542 17,772,718
27,112,707 19.75«,414
27,733,192 21,000,721
30.020.603 21,761,359
40,712,875 i:6,799,458
28,609,101 30,764,904
27,930,116 27,915,005
36,362,281 31,452,068
46,357.748 27.7e6,e9«
47,2^6,807 17,633,604
64,211.086 24,373,347
64,063.741 30,279.740
58.661.292 33,0S2.302
63,797,104 20,131.880
63.461,787 30,84.^,9a9
66.221.664 40,100.343
65/138,368 81,146,782
40,272,961 26.402,935
40.610,942 28,974.508
60.313.745 26.03r,012
27.846,083
82,524,495
32.048,799
38,076,207
29,677.984
issues, including
well
as
as
municipal and Government issues,
industrial
enterprises,
and, lastly, (9) the
replacement of voting trust certificates to a total of not
than $352,000,000, by share certificates carrying
voting power.
less
The usual
ten-year comparison
LI3TIN08
is
full
as follows:
ON MEW TOBK STOCK EXCHAKOE.
-180.632
4-7,276,535
4-1,352,417
4-8,467.629
4-8.218.670
4-11,641,313
-f'14. 058.971
4-15,507,824
4-7.354.293
-f6,732,471
4-8,259,244
4-13,943,417
—2,156,803
4-14,2U
4-4.909,326
4-18,692,058
4-29,612,218
4-89.837.780
4-33.777.001
4-25,578,990
4-24,665.724
4-23,617,808
+26.121,321
4-24,491,676
4-2a.S70,019
4-l'3,635.834
4-24,225,708
Note.—Applications for the lletinR of Trust Company receipts and of
Note.—For years 1886
to 1904, Inclusive, the figures
embrace gold
and silver In ore; in the years preceding both were Inolnded in the
merchandise movement.
Combining the balance on the merchandise movement
with the gold and silver balances, we get the following
results as to the country's total trade balance
*
Not Inclndlng $1,155,000,000 Imperial Russian Stated
1002.
1901.
$
$
801,869,083
28,870,019
584,966,950
24.491,676
1000.
$
648.798,399
26,121,321
439,67i,07S 505,891,690
*36,835,ial
20,920,862
This compilation shows that while the total amount of
Sold Imports,
Grand
•
total
414,289,082
8,168,726
609,447,526
»3,023,059
674,917,720
12,614,461
464,973,723
406,076.358
612,469,683
662,303.260
476.00«.25»
Excess of experts.
other hand, the total
46 millions
is
the decade.
for
of the stock
listings
in
because of the absence
than
dations.
comparing with $484,973,728
for 1902 and $612,469,585 for
etc.,
large figures.
the
1904
is
The
issues of shares for
new
consoli-
capital, funding,
1904 reached a total of 120J millions, as
exceptionally compared with 173 and 251 millions in the two years
next preceding and 429J millions in the banner year
1903, $406,076,356
1901— all
On
during the late
1904 the aggregate trade year of railroad reorganizations and industrial
for
less
only 176 millions, being far less than in any year since
balance in favor of the United States was $476,006,259,
LISTINGS ON THE
1904
being the previous record
1895, largely
It will thus be seen that for
to the list in
1903 and 388 millions less than in 1901, the new
capital issues aggregate 429 millions, contrasting with
only 191^ millions in 1903 and 245 millions in 1898, the
latter
Total
p, o, oftr-
in
YEA^I^T TRADE BAI.AKCB.
1904.
1003.
$
t
Merchan. exports.. 415,445.376 48e,25?,756
16,636,irS4
24,825.703
SUver exports
preparatory to reorganization), or of
tlficates of rente.
bonds added
Excess of—
(if
stamped "assumed" or "assessment paid"— the securities
themselves havlngpreylonsly been listed— are not included in this table.
seouritlee
during the
last five years.
.
securities marked "assented"
NEW YORK
EXCHANGE DURING THE YEAH
STOCK
in
1901; from 1895-1898, however, the corresponding item
ranged from 53 to 77 millions, or far less than the
late year's aggregate.
1904.
In the following table we show the various purposes
The listings on the New York Stock Exchange dur- for which the several issues of bonds, railroads, street
ing the year 1904, as compiled in our usual form, railways and miscellaneous were made.
disclose facts of considerable importance.
we note
for new
(1)
the large
capital,
the
Among
increase in the output of
total
that for the preceding year,
being
more
than
these
bonds
double
and far in excess of the
record of any previous twelve monthsj (2) the extraordi-
LISTINGS OF BAILKOAD BONDS.
Oompany and tiUe of loaTt—
Pitrpoie of ittu*^ >
$9,930,000 { ^"^^XSTonds^lto^
Santa Fe gen. 4s
70,000.. Rei ire old bonds.
do
do
483,000. -ConstrncUon of road
B.Okl.25-;r.4B
do
5 Retire 8'. John's KlTo*
Ooast Line BE. 1st eon. ia. .. 1,500,000 J i)iy"bondik
Atoh. Top.
do
do
Atl.
Amount.
<b
THE CHRONICLE.
194
Amount
Purpose of isau».
$778,000.. Retire pref. stoclr.
Baltimore & Ohio prior Hen 3ia8-. 1,000,000. . Impts. <b betterments.
1st 60 jr. 4t<
do
1,000,000.. Improvemente.
do
do {^VB.'8y8. i^I.TbI 8.674,000..ImptB., eiten's, etc
do
do
do
do
8,326,000. .Bxch, for ander, bds.
Buffalo & Saeq. let ref. 48 of 1951. l.OOO.OCO.. Imp's, by eoal oomp's.
do
do
do
8,00<f..Kxohangefor old Bb.
217,000.. Improvements.
Cf nt.of Gft.— Ohat.Dlv pur. men 4s
10,709,000.. Pay notes to Govt.
Central Paclflo guar. 48
2,500,000.. Extensions & Impts.
Obeeiapeaka <& Ohio gen. 4iaa
Cblo. Burl. & Q. 111. Dlv. SifiS.... 8,617,000. .''OonBtractlOD."
81?,00O. .Exob.Qn. RB.Bdge. stk.
do
do
do
do
do
.... 1,000,000.. Retire prior llene.
do
48
.... 5,992,000.. •Construction."
do
do
title of loan—
Danville 2d 4b
Company and
AtiaBtlc
Cblo.
&
* K. lU. gen.
con.
&
1st 5s... 2,609.000
{
&
^Sle ^ricf* e" u'lS
800,000.. Impts. and equlpmt's.
LonlsTllIe ref. 58
P. BV' ref. 48 of 1934. .18,000,000.. General pnrposes.
do ..
154,000. .Addlt'nn and Impt's.
do
do
do
gen. 4s. 1,000,000.. Improvements.
do
do
do
145,000., Acq 8t.L&8.F.coiB.itt.
Ch1c.R.L(tP Baiiroadool.tr.58,'18
67,000. .Kxch. for old bonds.
Cblo. 8t. P. Minn. & Om. con. 68...
1,600,000. -Improvements.
Ohio. Term. Tr. l8t 48of 1947
Cln. find. & Ft. Wayne ist gn. 4s. 1, 150,000.. Const'n of road 4e«nlp.
Cln. Ind. & West. 1st A ref. ga. 4b. 4,500,000.. Refunding old bon4*.
Ohio. Ind.
CMo. R. I.
&
172,000.. Improvements.
2,000,000. .Impta. and equlpmt.
do .....
92,0OO..Retlrennderly's bonds.
do
do
67,000.. Improvements.
Ole ve. <fc Pitts, gen. S^^s, 8er. D.,..
300,000.. CoBstraotlon & ImptB.
Cor & South. Ist 4s
1,000,000.. Impts. and pqnipm't.
Erie RR. Ist con. prior Hen 4s
gen. lien 4b
1,000,000.. Impts,, equlp't, etc.
do
Penn. coll. tr. 4s...
1,000,000.. Additions <b Impts.
do
do
60-yr. conv. 4b
10,000,000. .Impts., eqalpt., etc.
& St.
do
do
do
do
Olev. Cln. Ob,
L. gen. 48
.vaBST.A Terre Haute 1st gen.58.
Gt. Nor.— N.P.O.B.&Q. Joint 4b...
Hooking Valley let oon. 4^8
da
do
Cent— Om.
niinois
Dlv. 1st Ss
—Litoh.
do
do
do
do
do
Int.^A Great Nor. ist con.
6_8.......
Lake
an.
& Mich. 8o.25.yr. deb.
Long island
do
Louisiana
do
dc
guar. ref.
4e,
.
831,000.. Impts. and extensiOBS.
l,039,000..RefUHdlng old bonds.
Distillers Sec. Corp. conv. lBt5s».
230,000.. Exoh. for old see's.
Imp. Japan'e Gov't 6 p.o.sterJoan,50,000,OOO..Bxtraoru'y expenses.
International Paper Ist con. 6....
24,000. .Exeh. for prior bonds.
Milwaukee Gas Light Ist 4a....... 1,000,000.. Additions dk^ impts.
S. Y. City Corp. stock 3i<8, 1954.,57,0O0.00O> t™«..«t«™«,««
do
aseesa. bda., Sifla, 1914. 6,000,000 J Improv«meBta.
Northw. Teleg. 30-yr. guar. 4)«s.«. 1^00.000.. Retire maturlag'7t, eto.
Prov. Loan Soo. of N. Y. 4.^9. .«».. l,000,000..6eneral purposes.
U. 8. of Amer.— 4s, 19i4-84-.„-.. 7.000,000.. PhllippiBe landpurob.j
U. S. Realty A Imp't conv.deb. 8«.13,193.100 {
.^LtJ^'stkil
U. 8. Steel Corp. 10-60-yr. s. 1. 8«.17,098.000.. Improvements, eto.
Utah Fuel 30-vr. Ist 5s of 1931...
880,000. .Acquisitions and Impts.
West.Un.Tele.fund.<fcr.e.50-yr.4^ 1,000,000. .Bxtensiona and tmptB.|
1
i
^^Jf/^
j
Total
TMs
'
.9174,925^00
table is remarkable for the
size
which
issues
the
is
issue
,
nomber of aacptioB^
Leading the lisF
of $40,000,000 Lake Shore
includes.
it
bonds sold early in the year
to retire the short-term notes
''^XT:dr^nV^
lantic Coast, the
7^70.000 { ^°S"oiTqu?P't?et5:
bonds representing the purchase of the
road from the City of Baltimore and large expenditures
for
new equipment, tidewater terminals and
of
tion
the
line
which
to
is
connect
the construc-
the
Western
Maryland
West
& Pittsburgh, and through it with the remainder of the Gould;
lines.
Some months will elapse before this connection";
with the
is
Virginia
Central
Other important additions are the $15,-i
completed.
154,000 of Chicago Eock Island
&
Pacific
Railway
including the $15,000,000 "issuable
re-i
1
^'o%r*48^.°"..?.'.!!:3.!!i
funding
4s,
with
general corporate purposes" under the terms'
2,347.000. .Oonstruotlon of road.
\
''^it^re?: fs^.®'^.^^^!'°?!!".?^: I
of
84,C00..Bxch. lor old bonds.
641,000. .Acquire Ark. Oen. stk.
904,0O0..Exob.for T. <bP.2dlnc.
406,000.. Acq ATk.Bonthw.sao's.
527,000. .Extension of road.
4.448,00O..Exten8lonofroad.
64,000.. Retire old bonds.
100,000. .Extension of branches
4,920,000.. Retire prior bonds.
1,000,000. .Improvements.
225,000.. Impts. and extensions.
lington
Naeb. Cba\. & St. iriVt'oon.Ss.*...
do
do
....
do
N. Y. Cent. & H. BR. S^ssof 1897.
N. Y. Out. & West. lOO-yr. ref. 4s..
Morf. & So. I8t 58 of 1941
Korf. A West. Ist con. 4b of 1906. S.000,000.. Impts. and extensioiiB.
Olv.lBt lien (& gen.4s 5,COO,ooO..ConetiuoL'n A impts.
do
265,000.. Repairs to Bteamsbips.
Panama iBt 20 yr. ^^e
PhlL Bait. <& Wash.lBt g.4B of '04.10,570,000. .Impte., terminals, eJo.
8,4 3 1 ,000 Retire old bonds.
p r«a nnn 5 *'ay certs, of indedbt2,56iJ.00i>j
edneBB for Impts.
Beading Co. gen. 4s of 1997
£06,000. .Improvements.
160.000.. Improvements.
Rio Qrando Jot. iBtSO.yr. gu.58..
600,000.. OonBtrnctlon & impte.
Bio Gr. W. mort. A col. tr.50-yr.4s.
3,140,000. .Acq. secs.of cont'd coe.
i5au F. ref. 49 of 1951
St. L.
do
do
do
. I,i29,000..1mpt«., equlp't. etc.
do
do
16,000. . Retire undtrly'g bonds.
do
6-yr.4i« p.o g. notes 6,092,COO. .Extension 223 m., etc.
do
600,000.. Extension of road.
8t. LotilB A 8. W. con. 4s
do
do
11,000. .Exoh. for 2d M. bonds.
do
8o. Pac. 2-5-yr. col. trust 4i«8
15,000,000. .Impts., equlp't, etc.
8,680.000.. Impts., equlp't, etc.
Southern Railway 1st con, 5s
do
822,000.. Exoh. for old bonds.
do
do
6CO,C0O..Impte., equlp't, etc.
-Bt.L.Div.lst 4s
Term.RR.Ass'n of St. L.gen.reL48.18,000,000.. A< qulsltlons A Impts.
114,000.. Retire East. Dlv.bonds.
Tex. APao. Ist 5s of 200O
(
Ist gu- 48
917,118.000
U8TINOS or iascsiri.AinEon8 bonds.
Ootnpantf and title of loan—
Amount.
Purpote of i$*u«.
Cons. Gas of N. Y. conv. deb. 68».92 0,000,000.. Impts, acquls'ns, eto.,
5.468.000.. Oonstruotlon of road.
Mo. P.— 8t.L.'i.M'&8.'ry."4i."g.'5s
do
unltled and ref. 48
do
do
do
do
do
do
*°
A Char.
^
TotaL
{
^°Sot
Pitts. Vir.
tUioates of Indebted^;
^^^r^e'd for^aoq'uVns!"'
.
"4C-5rg^ ir'''^''^"^
Furpote oflame.
(Acquire stock and cer-
}
do .12,('30,0C0..Retlre old bonds.
do
do
2,600,000.. Pur. Atl. Knox. & Nor.
do
do
do
'""'
unif. 50-yr. 4s .... 3,045.000 {
do
«?roveSfi2t8,"l?c'
Miohlgan Cent. 1st 3^s of 1952... 1,00 0,000.. Improvements.
Minn. * St. Leuls Ist * ref. 4.....
642.000 { ^'^'^^,%\
do
608,000. .ImptB. and eqnipm't.
do
....
do
Minn. St. P. <k S.B. M. 1st con. 48. 7,106,000.. Construetlon of road.
886,000 )
Mo. Kan. A Tex. Ist ext. 60-yr. Ss.
— M. K. & T. of
> Extension of road.
do
698,00O>
Texas gnar. Bs of 19*2
^"•^"
Amount.
conv. 48.910,000,000 <
The 28| millions of Western Maryland 1st mortgage -IS'
mark the progress of the Gould system towards the At-
4,200,OOO..Exob.forunl.moirt. bds.
do
Aik. Ist 5s of 1927... l,S24,000..Exten'8,lmptB.di: equip.
do
do .: l,S0O.00o{^-^ll^,%^l-^%\^--<^
^iB^lo-jT. KuanTS^l'.f;.*.?.":
BOITDS.
which were issued in 1903 for the purchase, in connec|*|;«g« Construc«on and «• tion with the Baltimore & Ohio, of a large interest ini
(
285,000 > <ia"«ionB.
the Reading Company, as well as for other acquisitions.^
10,000,000
* »i«h. 5-20 ool.tr.4B of '23
Louis.
BATLWAT
i
in
4s.40,OO0,CO0
U
ref.
—
C nesaof contro^l<^dc<?8.!
Conn. By.<6 Lighting Ist and re-)
fund. 4Hs, Int >ruar
[^ \ 8,588.000„Exten8ions, Impts.. &3
Met. 8t. Ry. of N.Y. ref. lOO-yr. 4b 2,854,000.. Rel'nd'gbds. of system.!
r.
St. Joseph Ry. L. H. A P. Ist 6».w
263,000. .Oonfitrnot'n and impts.l
TWrdAve. RR.(N.Y.)l8toon.gu.48 886,000. .Refunding old bonds.
do
do
do
1,557.000.. Impts., extensions, etoj
ally large
Pf«-^l,H-V*T.o^
of loan
title
Brooklyn Rapid Tr.
771,000.. Impts. and eqnipm't.
6,000,000. .Acq. Pt. Dodge & Oma.
8,000,000.. Purchase of road.
148,000.. Improvements.
....
3d 4s
do
do
Kan. City Ft. S. A M. guar. ref.
do
do
do
LI8TIN08 OF STRBBX
Company and
449.0C0 { ^^^^ K^ovemUs.**'
25,000. .Exoh. forO.B.AQ. stk
229.000
[Vo£. LXXX,
,<*•."s\;r-?iv-t«K'v-i
. .
i
l
A
for
for
the
new mortgage;
&
Quincy
improvements and
forth-'
millions of Chicago Bur-j
16
Division
Illinois
bonds,
chiefly
additions; 18 millions of the
new:
refunding 48 of the Terminal Eailroad Association o£
St. Louis, issued
ties for the lines
millions Erie
on account of additional terminal facili-;
centering at that important city; 13;
Railroad bonds ($10,000,000 being con-
improvements and additions, par-'
ticularly at the Jersey City terminal, and 10 millions
Atchison general mortgage 4s, likewise representing^
principally improvements and additions.
Other noteworthy bond issues are 23 millions Louisville & ISTashville collateral trust 4s, of which $12,030,-,
000 are for refunding, the remainder for new construevertible 4s), mostly for
tion, acquisitions,
new equipment,
etc.;
also
$2,045,000;
bonds of the same company; 15 million SouthPacific 2-5-year collateral trust 4^3, representing im-
unified
em
provements,
new equipment,
etc.,
and $7,000,000
Balti-j
more & Ohio Pittsburgh Lake Erie & West Virginia^
Co^«™'-„V2nl?: System refunding 4s, of which $3,326,000 are for refund-'
200,000.. Improvements.
Ulster <b DeL Ist ref. SO-yr. 4b
do
For new!
do
do
600 ,000.. Retire 2d mort. 81.
ing and the balance for improvements, etc.
do
iBt con. 40-yr. 58....
146,000.. Improvoments.
do
do
do
8.000. .Retire ineomo bonds.
mileage we have St. Louis & San Francisco, nearly d
Underground Elect. Bye. of Lon. > i » rko noo o«Ti*r»l nnroasM
ie,ooo.OQO..wen6rai purposes.
millions of 4^ p. c. gold notes; M. K. & T., 8 millions of
pr-Ht-Eharlng 5 p. c. notes
J
Wabash let Hen 60 yr. term. 4b... 1,715,000.. Acq. St. Louis prop'y.
divisional issues; Minneapolis St. Paul & Sault Ste!
500,000.. Keilre old 6fl.
Weath. Mln. Weill <& No.lsigu.5s.
Lou.Dlv.br. Unoslst5.
do
WeoTeru Maryland l6t gold 48
do
do
do
do
do
do
«^j,^
*»
*•>
*o
^s^ol
—
{
0,§00,OOO..Acq lot. of City of Bait.
11,000,000.. Acq. W.Va.Oent.AP.stk.
4^00,000.. Equip. A consi'n fund.
Q -Art rnn 5 Improvements, extan•
fo^!.!f.!*.!.l^'.!f:!.**.?!!*.*: }
Total
893.000
8»760,C00J
,rons, equipment, etc.
2.182.000..Purohas« of «qulpm't.
$348,036,500
Marie, 7 millions of 1st consol 4s; 7 millions of Missoui^j
Pacific (Iron
Mountain) bonds,
on account of the new
lions of Illinois
in former years.
line to
most part issued]
Orleans, and 8 mil-;
for the
New
Central bonds on account of extensions
The Pennsylvania Railroad Company,
in
'
THE CHRONICLE.
Jan. 21, 1906.]
preparation for
;
York
1
and
new
its
tunnel
City, has caused the
connection with
Long Island Railroad
New
to
sell
195
Southern Pacific Company to
its
stockholders, to provide,
with the proceeds of bonds above mentioned, for additions
$10,000,000 of guaranteed bonds secured by a and improvements which will make the system compare
the Union Pacific
blanket mortgage; also, largely for the new Wash- favorably with the parent system
list
new
—
ington (D. C.) terminals, there were listed 10^
Speaking of the last-named company it is
Philadelphia Baltimore & Washington ER. guaranteed interesting to note that the improvement in the stock
bonds; and for refunding, $6,000,000 guaranteed bonds market during the last few weeks has occasioned the
The ISew conversion of 11 millions of its convertible bonds into
of the Pittsburgh Virginia & Charleston.
:
:
millions
Railroad.
Tork Central has listed 5 millions of bonds for refunding. stock, reducing the amount of these bonds to $76,The Brooklyn Rapid Transit Company is engaged in 489,000, and increasing correspondingly the amount of the
important improvements, particularly in the increase of company's common stock on the list. The New York
its power stations, and has sold and listed 10 millions of New Haven & Hartford has sold and listed 9^ millions
The building of the London of new share capital, chiefly for the improvement of its
convertible bonds.
its
underground electric system, in which American capi- system. The Delaware & Hudson sold 7 millions of
talists are taking important part, has led to the listing of stock to its stockholders at $135 per share, using the
16J millions Underground Electric Railways of London proceeds to pay off bonds and for improvements. The
The miscellaneous bond Pennsylvania Railroad Company has listed only 4|
profit-sharing 5 p. c. notes.
issues aggregate 175 millions, among the more note- millions of its own stock, but has added the followworthy loans being 62 millions of Xew York City bondsf ing amounts of stock of its subsidiary lines, namely,
'60 millions of Japanese Government bonds, of which Pittsburgh Cincinnati Chicago & St. Louis, 5 millions;
;
about half were taken in this country; 17 millions of sec-
ond mortgage bonds of the United States Steel Corpora-
ern Central,
Wayne &
Pittsburgh Fort
Chicago, 5 millions; North-
&
Cleveland
4
20 millions convertible debentures of the Consoli- millions; the proceeds being principally for improveOther large increases are
dated Gas Company of this city; 13 millions bonds of the ments, new equipment, etc.
reorganized Realty «& Construction Company, and 7 mil- Chicago Great Western, 6J miUions; Missouri Kansas
6f
millions;
Pittsburgh,
tion;
United States of America Philippine Land Pur-
lions of
chase
The
listings of railroad
and other stocks are shown
in
UBTIMOB OF RAILBOAO BTOCKB.
Company and eUut of ttotJe—
Purpose ofiitue.
A mount.
Baltimore & Ohio, pref
Baft. Roob. & Pitta., common
Bofl. A 8u.q. EB.. pref...„
Ohio. Great
^807,900. .Exoh. for prior Uene.
700,000.. Oosfltructlon ot road.
S.000,000 ^^^'^
I
01.
':
B
I.
<b
v
Kan.* Tex., com.
BR.
stock
of Mex., 2d pref
^.
{^tS'^^id^r^"*-
I
^7»l.JOo50o^-;^a<,Uo",.^eqrUpm^^^^
northern Central, stock
Penntylvaola BB., stock........... 4,781,800.. ImprovementB, etc.
F"«- Om. CMC. * St. L.. pref
4.760,000 {
"^^oVii^^T^XX63,400 > Acquire stocks of old
common. 4S3.100 5 oumpanles.
t
^Htte. Pt.W. & Oh., gn.6% spec. stk. 4,959,300. . Improvaroents.
Ntock Island CO. common
120,600
do
do
do
do
do
..
{
f«*-^*8. f.5So^^^-i^ti:|
ao
da JO.AB. m..pr6f..S
u«
\
^
;
iBonthem
Construc-
Carolina Chemical Company, which was sold, placing
The only
Stock trust oerts.
Paolflo, pref
j
>
84.000]
.40,000,000
do
.
Wabash RB., common
(
&
*
Bastera
JUlnols
stock.
Pay loans
of syBt«m,
additions and Impte.
pan lea.
........... 10,768,000. .Exch. for conv. bonds.
10,000,OOO..A«4 Pitts. Term.By.stk
..
of
additions to the
c.
p.
paid;
..$120,915,560
USTDTOS OT VISOBXXAITEO'DS STOCKS.
Oowipanv and elas$ Of ttoeJt—
Jinumnt.
Burpoteofistue,
Amer. Telep. <t T«le4r. stock
»4,647.400..ImproTement8, ete.
atlaens Ct-nt. Nat. Back stook...$l,000^00.. Acq lire Cent. Nat. Bk.
KetroltClty Gas et-iok
174,600.. Improvements.
Peaeral Mining ABmeltlBg, pref-. lO.OOO.OOO 5 Acqalaltlon of properdo
do
com.. 6.000,000^ ti.^8.
General Electric stock
-' *»'17,80o|^']j*»*°'^^g*^» ^^^j. stcck-
—
|Klngs Oo. Kleo. L A P. stock...... l,25»,ono..Ex enelona ao^ Impte.
.Mercantile Nat. Bank stock....... a,OOJ,000..Inoreaae of stock.
iUBlted Frnltatook
2,Oi8,ftOO..ErtenBlon8 and impts.
|U. 8. Beslty & Impt. stock.
16.081.000 j
^^-^^-i^'tr^otlon^.toi^
temporary
unlisted
department worth
certificates
for
40 millions
new Oregon Short Line refunding mortgage 4
bonds; certificates for 56
millions
of 6
p. c.
per cent and
78 millions each of 4 per cent bonds and preferred stock
new American Tobacco Company and £12,000,000
of the
Imperial Japanese Government 6 per cent sterling loan,
second
^^^i^r^lTsS^.^^
17 i0^(Bxchanee for Btooksof
x/.ivvj subsidiary com
do
oommon
_
„ .^
i-Unlon Paoldo, oommon.
20
series.
Four voting
177.500lExoh.nge for Chicago
I
Total
&
United States Realty
millions preferred stock of the Virginia-
mentioning are the 35 millions Republic of Cuba gold
^- M. 68 and $40,000,000 United States of Mexico 4s, which
06.450 E-|j-«^i%«,«;
J
were placed by Speyer & Co. and Harvey Fisk &
7.200,000 j =-«^»^^K«T^»«^^M.K^j*
180,600 ) Exohangedfor common Sons; 17 millions new stock of the Canadian Pacific,
do
deferred
90,3O0 5 Btook,
.
T. K. H. & Hart. BB-, stock.... 2.860.900 \ ^«^^^^«
JH.
Jfa'bSnds."^*
I'
do
do
«lo .... 6.753.200
f
Company; 6
Oliateaag.&L.Plaold.
I
i
for the stock of the
tion
18,000 { =SStto!?ed'<^mp°an'ie°i
go. betterm-stk... 4,043,100.. Impts. an4 eqalp't.
( Retire N. T. & Canada
Hudson Oo., stook.... 7,000,000< bonds and Impte. on
:«reat Northern, prel
,Kat.
are 16 millions stock of the
^^^H*;? p^rop"! the company in easy financial condition, and 15 millions (10 millions preferred) of the Federal Mining &
49,000. .Exek for oony'l bonds.
Smelting Company.
(
[Mo.
list
millions.
United States Realty & Improvement Company, issued
with the bonds already mentioned in part consideration
& Pitts. 6 P.O.
[Delaware
the miscellaneous
Wabash, 10
{
A 3t. P., pref
& Pao. By., etoek.......
;
7 millions;
Westwn, oommon.... 6,500.000 P|«^„\*^J>^»«a8on^dty
i
jOtalo. Mil.
Texas,
On
4s.
the following.
Ohio.
&
certificates,
trusts
have been dissolved and the share
carrying full voting power, have been
dis-
owners and listed on the Exchange,
namely, the Erie, the Reading, the Wisconsin Central
and the Metropolitan West Side Elevated Railroad of
tributed
Chicago.
it
is
the
to
The voting
trust
of the
Colorado Southern,
expected, will be terminated early in 1905.
shares of the
American Steel Foundries
re-admitted to the regular
The
also
have been
list.
significant feature of the foregoing recital
dently the large part played by the
ties representing
properties
and
new
terminals,
is
evi-
issues of securi-
improvements and additions
bridges, better alignment
The
to railroad
double-tracking,
and new equipment
heavier
—expend-
itures which it is evident will not continue permanently
Vlrglnl.^«ollna Ohem.. pref..... 6.000,000
on the same scale. If, however, the present temper of
{ '•^^rpo^a.S'X'o.ea""
^Westlngh, Klec. &, Mfg., assenting. 2,469,650. .AoqalslUons A ImpU.
the market continues, we may look for new stock and
Totel
$54,951,260
bond issues on account of new mileage to a greater
Par and away the most important of the issues here amount, and possibly further issues for purposes of conincluded is the 40 millions of preferred stock sold by the solidation and control of no little moment.
^
THE CHRONICLE.
196
RAIIROAB GROSS AND NET EARNINGS
FOR NOVEMBER.
In the compilations we present to-day new evidence
how
furnished showing
is
earnings are steadily
railroad
by month. The results cover the
month of November and the gains are large in both
improving month
and net
gross
amount
—
whether
this
of increase or
sum
reaches the
regard
The
the ratio.
had
is
the
for
addition to gross
of $11,24:9,088, or 9*77 per cent, being
more than double the increase
October and over
for
The
three times that lor September.
net
addition to
is
$6,691,843, or no less than 17-80 per cent.
Jamtarv
Novemiitr.
(102 ToadM.)
IncorDte
1803.
1904.
1 to
November
80.
(93 roods.)
1904.
Ine.orDeC'
1903.
%
OroM earn's 126.857.8C2
9
1
t
ll5,10?,97i +11,849,C8! 116328B784 115^68036' +4,704.917
Oper.ezp... 82,077,608
77.68?,858
+4,567.846 79i,838,677 785,558.0?0 +9,335,657
Not eam's 44,880.369
87,588,6 le
-|-6,'!ei,81f
63,347,807 372.977,847 —4.830,840
following summary, which shows
when
in^J
amounts in excess of $30,000. ^
OROS8 aAumios IV notehiber.
noKoiPAi. 0HABOK8 IV
Inereaeee
Pennayl. BK. (8
Ineroauies,
$'
r*dfl)t
13,300
Ohi.
fico.m
K.O.A Tex. Pac.
Union Paotfio
SeahoardAir Line.
Southern Paolfl«
Canadian Paolfte......
462,939
4S7.8S4
WlBOonsln Central
Ohio. Mn. & 8t. Paul.
BSoblle&Ohio
St. Lonls Southwest...
Colorado A Southern.
Toledo & Ohio Cent...
Northern Central
Xash.Chat.&St.IiOQls
S'76,e'l«
Long Island
60j>,06i
& Ban Fran >
& E. imnouS
St. L.
Ohl4>.
519.685
512.367
tele
VaUey
8onthem Railway ....
4186.475
Ij^ilj;h
Btitimore &. Ohio
Phil. & Reading KB.*.
Qllnola Central
Loalavlile & Nashyllie
Mo. KskRB. & Texas...
3£i8,0a0
3*3,65^^
331,!?H4
Wabash
23&,737
238.985
220,6 ;?4
219,956
212.653
208,571
203,144
19i.9S7
1»4,444
Denver & Rio Grande
Book Island System.^
Ohloaffo A Alton
Norfolk A Western
Atlantic Coast Line. .
Mo. P&e. & Iron Mt.
Central Branch... i
01ev.01n.Chlo.& St. L.
7azoo & Miss. Valley.
Minn. St. P. & 8. Ste. M.
Chebapeake & Ohio..
Atoh.Top. & Santa Fa.
97,6»4'
87,383:
88.746
7e,e56j
TS.^Mi
& Western.
V alley
.
Bnff&lo Koch. & Pitta.
Chic. Indpls. A Louis,.
Ala. Gr't Southern
W. Y. Ont. & West ....
6<,740'
60,884!
eO.OOOj
69.2691
56»27Tj
62,927]
"*
N. Y. 8u«.
Hooking
52,€i9&i
&0»lSj».
44,39^
42.5^
S9,«S»
Kan. City Southern...
Pacific Coast
New Jersey...
WheeUuK * L. Erie. ...
Bangor & Aroostook..
r
39,SStfi
•
89.013J
88.330!
38,193'
Oent. of
>
81339
T'i;
Total (representinjr
«U,018,3S6i
53 roads)
;
171,79.')
153,157
138,626
130.268
119,230
Central of Georgia..
Grand 'frunk Sysfm
of Canada (3 r'ds) 'l
y
Deereasea.
Ohio. Great Western..
968,8821
These flsrares are for the Railroad Company; the Goal A Iron Oons-J
was the month pany reports an increase of
be remembered,
will
it
changes, whether
all
creases or decreases, for
*
November,
[YOL. LXXX,
$996,l.'!s8.
These flKores cover only lines directly operated east and west of
Pittsburgh and Erie. The p^rosa on £astem lines increased $653,600
and the gross on Western Unes Inoreased $669,600.
- A
t
was
the World's Fair at St. Louis
a potent
still
j
>'
influence in enlarging
the
passenger
traffic
of various
PBHrOIPAI.
OHAMaSB IH NCnr BABMISOSIM NOTCmBKB.
Increases*
The month also had one
Increases,
Pennsyl. ER. (2 r'ds)t
more working day, November 1904 having contained PhU. & Beading BR.*.
Mo. Pao. & Iron Mt. ?
only four Sundays as against five in November 1903.
Central Branch.... i
hemgh VaUey BB....
Furthermore, general trade showed more distinct signs Erie
roads throughout the country.
of revival than for a long time previously, while increas-
On
ing activity developed in tue iron and steel industry.
other hand, the
the
grain
movement
at
the
Western
St. Louis & San F.. /
Chicago & E.Illin. J
Baltimore & Ohio
Union
Paclflo Bystem.
[Ulnoto Central
Soathern Railway
South. Pacific System.
primary markets was smaller than in the previous year Canadian Paolfle
Grande.
and the cotton movement in the South likewise failed Denver A BioSystem..
Book Island
Chicago
same Yazoo & & Alton
Miss. VaUey.
Minn. St. P. & S. Ste. M
month in 1903.
Chesapeake & Ohio. ..
It is proper to point out that, in the case of the net Mlssoulri Kan. & Tex..
Cleve.Cln.Ohio.& 8t.L.
earnings at least, comparison is with diminished results Norfolk & Western
(speaking of
it
as a whole) to
of the
The remark,
both 1903 and 1902.
ever, does not apply
that
In fact November had shown a
in the previous year.
loss in net in
equal
the
to
which
gross,
how-
showed
still
$980,400
624,668
668.717
477,467
856,842
294,910
291,885
291,600
243,162
212,963
212,031
191,594
180.611
182,047
134,681
119,471
113.284
105,285
104.408
97.075
89,631
Seaboard Air Line
Gr.
Trunk
4tl|
f SO, 3*75!
89,869
8ys, (3 rds).
N, T. Ont. & Western.
LoolsviUe <k Nashvme
Central of Georgia....
Mobile *Ohlo
Colorado <b Southern.
Wisconsin Central....
Atlantic Coast Line...
Long Island
Toledo A Ohio Central
48,801
48.T39
48,457
BofEalo Booh.
87,989
62,9-42
60.311
60,*J94
40,973,
40,*65l
40.142'
A Pitts.
Total (representing
37 roads)
f6,41I,059|
'
Decreases.
Atoh.Top.ASantaFe.
WheeUng A L.
fS9.646i
4f ,846;
Erie...
Wabash
84,S«8j
Total (representing
8 roads)
* These figures are for the Bailroad
an increase of $159,352.
Co.; the Coal
die
9161,300
Iron Co. reports
t These figures cover only lines directly operated east and west of
Pittsburgh and £^ie. The net on Eastern lines liiereased $32 7,600'
and the net on Western Hoes increased $^22,800.
The improvement here disclosed is further emphasized
larger increase in 1902.
In a word, the losses in net in when the roads are arranged in groups according to their
Every group,
these two previous years followed entirely from aug- location or the character of their traffic.
mented expenses. Stated in brief, in November 1903 without any exception, records an increase in both gross
November 1903 and
considerable increase in
much
a
there had been $1,571,248 increase in gross with
$582,-
November 1902 $6,506,446
The following
gain in gross with $941,729 loss in net.
carries the November totals back for a series of vears.
146 decrease
in net,
and
and
net.
aVUMAXT BT
in
Broei
OBOtTF.
OBOI^rS.
N*t JBarninat,
Bamingt.
1&04.
1908.
1904.
1908.
K99embeT.
Orott Eamingi.
.ctOY
Tear
Qiven.
PreeetUno.
Nov.
Tear
Tear
Qivtn.
Increase or
Dtereate.
PreeeMno.
Decrease
t
$
C5,29:,9i7
61.137.C81
3i
72,»15,e8!
61.978,481 -|-10.887,a0<)
a7.686,5:M
•88(18C
?»,oee,e64
+2,470,C37
23,961,(!44
+7,190,399
27,498,848
»
22,976.149
21.787,851
28,333,156
24.682,08«
H- 3,849,03 ^
83.744,165
83,164,651
85.618.077 +12,160,951
40,029,133
35,200,311
•80(127;
•97(3
•99(122
',8,C63,Sfe7
76.618,617
e&,878.ooa
'00(122
91.073,648
67,724.6 ie
•01(109;
107.763.028
•08(107)
106,144,58?
89.638,08!?
•08(103)
115,874,CU
ia6,357,9ti
—5,83?,164
13,563,23!!
111.803.3U
•04(102)
Tronk
Net 'Earninot.
6,608,1 1«
36,061,17,'^
+4.671.81b
116.103,8:4 +ll,849,08b
83,8iO,632
86,992,904
83,0J2,77^
44,28035('
87,538.616
-f
Inereate or
1
-.0
Nov.
S3,e21,Ct6
Anthr. Coal. .(5)
Bast. & Mid.a3)
Mid. Weefn.d?
8,551,081
6e3,7f9180
•97(1:3
B:.'3,eOt,53i
697,933,854
'88<1C)
78S.5i7,9Je
633.iOi,74fi +63,«9i,18k .'41.191,852 ai2,789,i39
'89(118
««Jl,Or;0.536
ei»,7b3,66b +61,2?6, 87611238.665,378 209,7ii3.24i
1-35,576,184 210.782,490 I87,8»5,816
i2
877,1 19,r.O
7i»8.ee«.aB3 +78,458.01',
(fc»)
9«4.2S1,01(
8!'3.007,054 H-101!i23C8f .ij0,KS3,806 302.301,860
•00(1
•01
178,S73,07<t
J99,620,i;63 273,041,876
—8.421,921
+6,837,673
+431,484
+2,614,807
+589,614
+5,42y,82^
-941,7i9
-6«2,H6
+9,991,843
-8.040,181
122,949,6 4
+18,168,618
+20,932,12U
+33.479,884
+48.S31.956
—
•08(104) 1.0;:3.4S5,t5i l,'-0i,166,43e +50,279,743 S43,EOS,806 344.61 2.609
l,'45,8.J3
•08 (98. 1,087.580,360
991,084,«0'<d +186496748 350,063,288 314.107,012 +86,956.244
'04 (88) i,ie3,sa«,734 1,168,630.887 +4,704,017 }6J,M7,807 872,977,847 —4.680.640
Nora.—Neither the Mexloan roada nor the coal-mlnlng uperatdtons of
tb« anthracite coal roade are Inolnded lu any of these totals.
On
the separate roads the gains
ous, while
the
situation in
losses
that
are
regard
is
are large and numer-
few and insignificant.
accurately
8,067,219
8.866,351
4,073,164
+1, 780.676 ei-<5
+1,808,810 41'9»
+186,181 1483
+463,066 lS-;:0
3,878,717
8,8J3.777
8,688,965
1,054,631
918,610
7,533,531
8,862,600
3,409,545
18.«25,36e
16.96 },464
T.6S6.831
61,880,837
+786,«94
10'77
Soath.PaOid?) 83.861,628 S0,889,357J 12,847,103 10,790,846
6,691,046
6,705.208
8 anthem.... (SO ie,K6a,e43 17,785,666
+l,S5e,848
14-48
+876,840
15 3&
North
Pa<).(l4)
BonthweBtem &
j;
115,iai!.674
41,289,369
87,638.616
+6,091318
17"S0
8,880,414
4,C06,e28
1.2S9.813
1,S12.28»
+47/S74
890
Tmnk lines. ;10) 314,4a!i,860
354.449,976
88,988.93V
9S,?B4,881 106,767,015
-T.ll»4lS4
678
85,830,551
2*(31
3H4
TotaKlOa
r'dsj 186,867,80
Mextoan..
.(4)
Jem. 1 to Nov. SO
(4)
88,639,970
& Mld.dSt
Mld.WMt'n.dT)
Narthwegtem i,
43,312,094
43,176,965
12,479,868
ia,e9J,452
88,861,823
88,236,385
24,&27,USe
84,657.970
+988,2;6
—613,884
—89.914
176,601,664 170,788,721
62,811,105
61.982,934
+888,111
68
Bonth Pao.(16) 329,676,6 '9 228,182,92"
3oiithem....(24) 800,241, ?35 190,780,961
72,778,044
7<,787,'?02
61,346,628
67,019,898
—2,014,658
+3,7»7,ieO
6-47
Baat.
+028,7 "« 174,431,961
56t,<5B5,8fl)
30.737,666
7,669,44S
i?orthwe«t«rn &
80.
•96(117)
P. v.
(
llnai.(lO)
Anthr. Oool
Jan.
Inc. or Det,
NDrth P»c.(14)
C-18
dOKthweatem &
Total (98r'da) 1163236784 1168580867 :68,347,307 372,9n,847
Edezloan.
(S)
28,488.318
21,761,118
Besides the roads
and
net, there is
gross.
7.078,303
7,240,157
269
-4,080,640 ~l-i'4
+170,f6«
'.-41
contributing returns of both grusa
a number of others
The important systems
reflected in the
33,253,83<.
—which
This enables us
to
furnish
make
—comprising
returns
our
some
only as to
exhibit regarding
.
.
.
THE CHRONICLE
JAI^. 21, 1905.J
the gross
still
total of gross
Starting with the
more comprehensive.
in the above, we add herewith the other
197
MHB€HANBieS.
GOLD
Mos.
Siogortt, Imftrtt.
Mxetit
BOAD8 REPORTING OROSS BUT NOT NKT.
9ort3.
1904.
November.
1903.
Decrease,
Increa.se.
V
i
i
1904: 777,626 337.B70 330056 33.659
1903 787,102 483 751 3t.»4861 13.010
1303. 733,490 513 o;5 'io:?5i9 5,751
1901 743,583 446.979 ,^90544 38.898
i»00. 703,912 389.731 37618 33.6.'5
1S99 683.419 410 622 3719X7 17,825
't
roads)
Ala. N. O.
$
. *. ,
115,103,874 11,349,088
$
Reported above(102
128,357,562
&T. Pac -
Alab. & Vlcksb...
Vleis. Shrev. & P.
6,573
206,745
117, 10 ^
133,308
4,721,250
213,318
130,371
N.Orl.&No.Eaat.
18,it6»
& North Weat.
M & Om.
4,333,951
1.0^9,203
Datrolt Seothern...
145,601
1,091,171
134,19c
Groat Northern—)
St. P. & M. M... [
EastoIMlJux..)
4,468,01*
4,047,399
420,615
Central.
201.809
2.5.883
131,806
20,383
6o 4,769
403,511
12.05"
70,003
Southern...
1140,385
R,tt00,846
'
12,421
112,701
8.032
11,308
12,473
413.338
553,013
2~A,756
OMe.
14.'5,72.,
Ohio. 8t. P.
Montana
Illinois
Intemaf I & «t. No.
Lake Erie & West'D
MaooB A Blrminsh.
657,894
405,938
13,446
ir 83,358
7,014.224
5,105,613
1,163,614
278.014
180.011
Mobile Jacks. <SKO
N.
YOent-AHuaB.
Northern Paoitlo....
Pere Marquette
SLL. Vand,&T. H.
Terre Haute
Terre Haute
&
lad.
& Pec
S27,3ar>
Toroiu Ham. & Buft.
5»,022
ZoUl{lS4zoadB).
154,304,117
Net
V If
7-J,138
3,593
17,943
60,222
72,484
13,163
140,909,476 13,894,641
tno. (9-51 p. 0.1
13.854,841
Figures are for ava wat bs iuiidk Daoambor 3
In
way
this
in gross
the increase
for
month
the
The
at $154,304,117, as against $140,909,476 for 1903.
ratio of
improvement
9-51 per cent.
is
is
aggregate for 1904 standing
raised to $13,394,6il, the
In !N"oveiuber
1903 our table, prepared in the same way, showed $5,727,777 increase, or 4*24 per cent.
IMPCmTBJLND: EXPORTS FOR DECEMBER.
The BuTean'af Statistics
Washington has Issued
at
the^ eoantxy's foreign trade
the statement &f
S
for
December, and fiow i#and from preylons statements
we have prepared the followbig Interesting sum-
13,650 13,945
38 28;
1875
1876
1877
1878
1879
1880
1881
1882
1883
1884
1886
1886.
1887
1888
1889
1890
1891
';^«.428 33,851
*10,121 3«,84>)
1876
1876
1877
1878
Exporta.lS6,ft20,418 1879
Exports. ȣ9,679,698
ExportB.l 43,235,681
.Export6.101,969,699
Exports. 149,625,055
.
Export3.161,712,752
Exports. 65,339,713
Exports. 54,575,469
Exports. 62,059,081
.Exports. 109,348,733
Exports. 46,C67.432
Exports. 50,953,570
Exports. 33,572,698
Exports. 27,9'24,,97a
Exports. 87,239,638
Exoorts. 52,826,186
Export8.ia5,460,274
Exoorts. 60,064,i93
Exports. $7,784,486
.lExp®rtS.163,319,464
Exports.l3i),8~ 6,112
Export8.3f5,479,59<.i
Bxports.;i51,5,'^7,029
1903,..
1903.
1904.
Us. tbft fi^iclsgfi&lsfl thr^<uiih»»<;<Kl9iX&x« la all<}a««« ozBlttaA.1
.1903.
c
.
Jmporti.
\
':-
%
I
39'J..882
a6a.Mt}+iiy,804
1*45.377 +47.685
391.978
305.880
311.t48
»4 3.057
i«91,«25
Jan.-Meh....
»50,7a4
Apr.-Jume..
JuIy-SepU..
Ootobor
KRJ.528
NoTembor.. 15S.088
+S9.750
+6i.898
160.388
1»0.3«3
+4S.K3
»3.170
»6.6a5
,
145.287
Deoember..
H-»8.6S6
9ii.T78
174320
1.451.3B21.03$.W7+415.445.1.484.TS3
''-""« ''ifet
e>«id aad G«td la Or®.'
Total-...
;
Jan.-Mab„..
'
Apr.<-Jmie..
Joly-Sept...
-17,^
3,686
+38,«3
'
64,081
14.681
»8.7ca
10,201
13U39
-6,940
-4.189
8.045
4,7^ .+i6.osa
3,388 +10.C93
Total... .. .':^^=!iil,18»
+36^
0«tober
I7oyemb«r..
December..,
20,831
3,853
.
84.8W
-
BoKtaf.
8
»
a«4.087+iar,6«
348.717.
346.0S4
81,931
77.C08
77,769
+5r,2«3
+45.671
+ya*67
+83.282
+9T.051
995.484 -r489,258
3S2
1.464
44,3i7
1885...
1886.,
13.020
13,313
13.763
Apr.-Jane..
July-Sept...
October...,.
NoTember„
December..
Tctal.^..,-
,
3.485
3.409.
4,att8
'
:
'
+0.208
+6.391
+6,S60
+1,768
6,834
6,9&1
6v9e3
1,7X7
3.440
3,263
^«<^»1S ,g »8.<fi7
+960
+3.639
11.109
6.899
7,378
\ 3,143
6.063
6.518
+33.1£«
-7.484
-4.674
-10,378
-15,766
-30.S21
OS.23S
+6,449
+1,076
4,680
5.321
6,6«0
3,788
3,e66
3.079
fol^;tiwJt;weiTOr
MTBOHASSISI.'
Uot. Keporte. IfftpcrU.
eoziD.
of
Exportt
"~$
%
1901
1,451.852 1,035 9C7 41344B351
1,«84.768 9<)5.l£4 4S925»{'S,4
190-t. 1,360,686 9«a.St7 ;J91369
1901 1.4e6,37e 88O430 384^50
1983.
1900. 1.477,966 8'29.150 Q487K6
1899. 1275,468 7 98.t«' 4T«i01
Imvortt.
i:ipoitB.209,515,042 1902.
....Bxport8.804,351,356 1903
...£xportB.250,036,831 19C4
Expcrte.3yl,369,063
ExportB.489,v;58,758
Kiport8.415,445,376
Calendar Tear.
Fbou Dun's Rhvibw.
1£04.
Manufacturers.
iT<m,iannaiiot and naOs.
Ma«M2teTy and too!»
VVool'ni.e'rp'ts<iiitgoods
Otttton*. lace and hosiery..
tiixmD'r,carp'nt'r8& ooop'rs
Olothlng and millinery..
Hots, K^lOYes and furs
OhemloaU. drugs & paints.
Printing and engraTlBg...
MUllnKand bakers
Leather, shoos
i~
k
harness
Ulqnors and tobncco
Qlass, earthen<rare & brloX
All other
Total manofact orlDK
.
81
2,525 048
197
ii
tt,443,!H5t*
3;^
1,763.132
1.920.710
321
8,87<5,91»
461
1'j02.
It 03.
Liabilitin
No.
64
23i
31
16
821
446
6h
57
169
20^
133
LiabUities.
No.
lAabilitits.
$
5,^93,43
16,018,947
l,589,9:-(2
981.t.8-.:
7.809,774
$
40
14<
32
22
860
436
1,104.730
2.949.834
1.518.11-4
751.823
6,288,260
46
46
184
218
106
118
8«
909
4,120,^68
«20,19i
614.795
1,633.563
1,S03,930
2,654.311
1.V2
2,3-9,221
54
3,568,859
12,805,772 1.104
16,309,16
1,015
358,081
929,614
2,706.105
862,409
2,5J 6.885
2.125.405
462,124
19.715.7C2
2,848
52.950,473 8.039
70,598,144
2,74H
47.188389
9.6»2,058 1,612
7.327,427 l,9S)tl
376
2,481.766
10,917.081
6,505,058
2,904,501
890
675
4,448,8i.0
e.77l>,811
1,596,661
1,053,07U
2,3S2,5.ft
2,21W,06l
3,185,166
2,41!?,464
2,i;26,5-£
Sxport» Vortt.
Seneral stores
1,587 11.274.427 1.587
Gkooeriea, meats and fish.. 2A1'4
8,090,044 1.910
4-4
3,4a2,666
414
Hotels and restaurants.
8H1
986
Llqnore and tobacco
4.466, IB4
. .
Olothtugaiid furnishing...
Dry goods and carpets
Shoes, rnbbers and trunks
3'iirnlture and crockery...
Hardware, stores & tools.
Dntgsand paints
Jewelry and clocks
Books and papers
Hats, furs and glove*...
Allother
788
456
834
219
326
851
216
64
46
847
5,997,6B5
7,t'97,507
2,3*48,486
1.665.842
3,091,460
2,081,5i*r
1,681,230
7f9
470
344
213
318
340
180
44(1,807
678,561
11,214,192
50
890
6,72fi,968
6,8^2,573
8,403,174
2,8<iii,127
1,569.40(
2,.'^^55,748
2.876.468
1.381,t88
877,824
310,982
11.29»,4«1
Banklne
8II.TBR.
JBxeeM
of.
Export8.648,786.399
....ExportB.584,tJ55.960
+4,437
for six
Twtlw
....Exporfc8.620,581,818
Export8.47 6,500.561
8,898 64,429.644 8,440 62,145,3.3
Totaltradlng
690 22,'i 00,728
453 26,8za,i9 4
Brokers and transporters.
+ arcoM ot-erportt"-'IKcoeia of tmporta.
"We snbjoinithAr-tots^s for merchandise, gold and
silver
Kxport8.14^18S,703
Bxports. 97,489,705
Exports. 109,692,002
Exports. 14a,'/ 80,307
Exporto. 23,li;0,789
Exports, Si, -^,267,685
Exports.357. 113,816
+768
+466
+3.619
40,610 ~~33,»74 ~+r6!e36
+344»9
Imports Sb'.660,321
....Exports. 56,584,382
Exports. 34,H.4.S2a
43
68
159
181
120
111
22
5,580.46-<
Traders.
-5,761
9(999
5.B80
17,665
5.026
11,871
17.280
Stiver &]idtmv or la Ov».
Jan.-Hcit...
ie2,S'. 6,246
ExportB,163,S39,679
Exports. 15,138,489
Exports.108, 143,100
Exports. I;i0,104,668
Exports 100,381,125
Exports 49,974,832
IfixportB
6,482,566
1881
1882
1883
1884
FAILURES BY BRANCHES OF BUSINESS.
'
SK8ai9
4,888
r
Exports
1880...
1887
1888
1889
1890
1891
1892.
1892
189S.-........Kx»ort8.17O,O37,068 1893
...Exports. 80,308.235 1894...
1894
Exports. 27.92.5,834 1895
1895
Export8.250,301,245 1S96..,
1896
.Export3.320,121,917 1897
1897
j;iport8.325,S01,059 1898
1898....
JExporte.271,926,8a7 1899
1899
Eiport8.376, 18 1,308 1900
1900
Exports. 296,544,432 1901
1901...
T-
=
106
.46.746
*10.6i: 37,2':g
Biaaet of tmporti.
No.
.1S04.
il
13,25^
:
naarfes.'^'-^;, .s^^^'''''--"--
ptrtt.
8
following shows the meyabandise balance for
each year back to 1876.
BZ0BS8 OS MBBOHANDISB IMPOSTS OB BZFOBTS.
B montha ending Dee. 31—
12 moniht ending Dee. 31—
396
1,238,371
254,321
45,859
1,358,593
t~'
37,039
31, £93
31.0C6
38,E31
30.12i
37.916
of Ma.,
port*.
The
3,125
3,487
2>.%876
171,418
44,308
'>^
perii. Ezporti
In these tables of totals, gold and silver In ore for
akll the years are given under the heads respectively of
*
gold and silver.
ft.SOO
4,552,600
908,838
62,'J5i
Texas A Paciilo
ToLSt, L. <k West...
,
$
Sasoiti
Im-
of
Bxporti
roads.
BILTBS.
Slat
Imports.
$"
Bxctst
of JOxverta.
$
84,803 36,935 44.347 83,26? 30,921
03,268 •3i),8ai 40.610 33,874 16 636
44,168 •Sli?3 49,878 •.i«,403 33.870
3,08i! A 5 ess 31,147 34.491
34,762
06,749 l'J,614 66 821 40,100 46,121
51,835 •3 956 53,462 30,844 33,618
* JBSxeoM ot Imports.
Similar totals'for the six months since Jaly 1 for
six years make, the following exhibit.
Total eommerelal
4
54
802
178
293
3t2
181
62
6,050.693
4.942,487
2,0a8.0i;-9
l,69d,5"4
2,216.731
1.956.744
2.029,481
829,848
27
849
263.071
9.865.328
fS,249
56,081,481)
617
14,206,400
12,199 144,202,311 12.069 165,444.186 11,615 117,476,769
121* 29.685.766
67 31,910,607
99 28.158.811
The following is a record of the yearly aggregate of failures back to 1857:
TBARIiT AGGREGATE OF FAILURES.
Liabilities.
Number,
Tear,
Liabilities. Year.
Number.
4,735
$65,752,000
1904
12,199
$144,202,311 1880
6,658
98.149.053
1903
12,069
155,444,185 1879
1902. .....11,615
1901
11,002
1900
10,774
1899
9,337
1898
12,186
1897
13,351
1896
15,088
1895
13,197
1894
13.885
1893
15,242
1892
10,344
1891
12,273
1890
10,907
1889. .....10,882
1888...:. .10,679
1887
9,634
1886
9,834
1885
10,637
1884
10,968
1883
9,184
1882
6,738
1881
5,582
117,476,769
113,092,376
138,495,673
90,879,889
130,662,899
154,332.071
226,096,834
173,196.000
172.992,856
346,779,939
114.044,167
183,868,638
189,8.^6.964
148.784.3.57
1878
1877
1876
10,478
8,872
9,092
1875...... 7,740
1874
5,830
1873
5,183
1872
4,069
1871
2,916
1870
3,546
1869
2,799
2,608
1868
2,780
1867
1,505
1866
1865
123.829,973 1864
167,.'; 60,94 4
1863
114,644,119 1862
124.220,S21 1861
226,343,427 1860
172,874.172
101,547,561
81,155.932
18.59
1858
1857
530
520
495
1,652
6.993
3,676
3,913
4,225
4,932
234,383,132
190,669,936
191,117,786
201,060,333
155,23.4,000
228,499,900
121,056,000
85,252,000
88,242,000
75.054.054
63.694.000
96,66fi.000
53,783.000
17,625.000
8..579,000
7,899,900
23.049.000
207,210,000
79,807,000
64.394,000
95.749,000
291,750,000
THE CHRONICLE.
198
[Vol. lxxx.
CHICAGO STOCK EXCHANGE RECORD OF PRICES FOR
iy04.
assuming we have had
In -view of the increasing importance which dealings on the Chicago Stock Exchange are
compiled and present below a record of the highest and lowest prices for each month of the year 1904 in the case of aU the
leading stocks and bonds dealt in at that Exchange. We have used the oflBcial daily report of the Exchange in compiling
As announced on a previous page,
tiie figures, which are based entirely on sales - no mere bid and asked prices being used.
we expect shortly to begin furnishing weekly price records of the Chicago Stock Exchange in the same elaborate way in
which we now report dealings on the Boston Stock Exchange.
CFIICAGO STOCK
EXCUANl.E.
B-R.
JANUABT FKBR'BT. MABCH.
JtTBne.
JtTLT.
AUOirST. Sept'bbr. OCTOBKB. NOV'BKR. DKC'BBR.
STOCKS.
Pref.
Chtc. Union Traction...
Pref
162
-us
160
-167H 166 -1683^ 158 -165
166 -167
163
-ISO
167
-ISO
l'2k-190
6k-
m
6M29H- 83
7
180
-190
6-7
25-27
i -
514
29-80
5«- 6
5k- 5% flk- 6k
- 31H SOX- 31k 27k- 80>4 30 -30
6k-
-185
6k-
7?s
Lake
Street Elevated..
Trast Co. receipts
2 -
2 - iH
Metropol. West Side.... UH- 18
61 - S3
Prel
North Clilcaffo Street... 70 - eo
Mortliweat'n Elevateds 15 - 169i
47-50
Pref
Soutb SMe Elevated .. 91 - 93}^
Streets W. Stable Car.. 28 - 30i
84-86
Pref
West
CiilcaBO Street....
mlSCELL. STOCKS.
Can
Ainei'lcan
Pref.
16-48
8«-
Hi
Sm-
American Radiator....
Prel
SB
45 - 46
115}i-120
American
Slilpballd'g..
28-28
2M
9-2%
17
47
- V<H
- 62
65«- 72J<
18M- 17
47 - 47
93 - 93M
28 - 30M
82;^ 85^
40
-
47
SH' 4«
331^ 36
-190
181
7-8
37k-
879;:
25
16
- 17
41 - 60
65 - 74
ie«- 17
46 - 46
90 - 82k
28 - 29
86«- 87
42 - 45
4^-
6U
156-
15
46
4
- 16M
89i
52
49k 45 - 60k 61 - 57
66-73 66k- 72 70-80 73
la - 1796 16
1556- 17k 16 - 16
44-45 44-44 44k- 47k
-
90^- 92
- 9134
91
-
92
122
ChieaKO Aoditoriam
Brew'K
& malt's.
1
-
IH
Pre!
ChicaKo Edison
Chic. Pneonatle Tool..
Chlcugo Telepkone
Chic. Title <&; Trust Co.
Alatch
146
27
121
87
127
-152
-
27^
-126
-
82^
-180
7-8
4
- 4k
117 -120
8«-
4k
118
-120
20-34
89^
85
4k
- 893i
193
1-1
7-7
- 73
70-85
29k- 31
19k 19k- 2tk 23 - 25
53 - 60
b7H- 64
47k- 50
91 - 98
88k- 91k 91 - 92
iVfir 34
29k- SOk 29H- 80
95 - 97k
42 - 48
43-35
91
4-494
9-13
3796- 45
38k- 44k
28k- 31
82k- 83«
96
-100
4
-
-
9796- 09
49i
*H46^ 45 -
66 - 66
60
123
19k- 19k 19
82 - 83
87
84-84
6
6k-
6
108 -108
559i- eo
120 -120
36 - 36
-110
86 - 80
&
aiilw.
Chic. Brew'K.
60
20
Prel
National Carbon
Pref.
Swift
2^
2M
140 -147
20-24
-120
88k- 89
127k-131
SH-
U3
-146
19k- 24
& Co
The Quaker Oats
Pret
8J<
46-46
143
-146
148 -160
160 -164
19-20
18-18
Prel
Weaver Coal
& Coke...
51
m17«-
3
209^
46 - 46M
2«- ZH
47k 47 - 47
iw-
47
23%
2314-
m
20k- 21
42M- 44
SH
39<-
4?S*
48k- 60
Chic. Bd. ot Tr., "Zl-.l
102
mi
2M- 254
ISH' leM 16«-
m18?<
2H
12k- 16
Ik- 1%
- 13k
12
Ch. Con. Br'ff <Sc aialc.6
Chtc. Cons. Tr., '39..4>^
Chic. Edison deb., '13.»
60
- eo
60-60
103 -103
1021^-104
El.. 1st, '11..4
1943
SerienF
Pcop G-l.Oc
V,
3
04«-95J^ 93«- 95M
1
HI
Ist,
••.*»..
-103
93 - 93
«iiH- CO
88J6- 90
1025i-103
102|i-103
47 - 50
47 - 64
4S - 49
102Jg-103
103
96
96
00
03-94
-103
-
08
97
-
101
103
-103
88 - 90M 87»6- 88^
S9 - 89
88 - 88
97 - 97H 97 - 97
100 -100
88
-
97k 06 - 07
- 90
0396
949i
88k
8796- 8S
t-7
98
97 - 98k
98
-
90-00
f4k'
STH- 88
-
48-60
OOPi
93«- 94H 04k- 94k 03k-
33
-
1
-
•hi- 7k
7k- 7k 7
166 -160M 163 -178k 160
30
20 - 28
-
- 10
10
144
4k-
89»
60 - 68k
8'^-
87k 87
-103^
104k- 104k
Ik
-147>< 1143
103 -104k 103
I36k-142k 134
9k
7k67k-
689s
79ii
1
7
-173
34
-
-146
-106k
-130
10 -
12k
Wk
60k10k- Ilk
44-44
9-0
44k- 46
•
101k- 104 104 -116 107
lOOk-102 101 -103k 101
44
36 - 37k 38k- 41
76-84
7
H- Ik
- Ilk
83-86
81
120
- 1C3
- 47
- 86
-
•
m
-
Ik
1
7k-
8k
8k- 14
1
102
-103
101 -101
103
-
•
- 15
109 - 110
101%- 116
108
-114
100
-110
110k-116k 113 -114
46 - 48k
459<- 46
45
85 - 86k
82k- 86
85k- 87
1096- 1C96
7k- 7k
196- 2k
%- 2
196- 89t
9 - 129i
8 - 1~'9> 9k- 10
45
'
19
- 22
10
20
- 23
25k
20 -
-103k 103 -103
60 - to
I03k-103k 103
-1089*
60
60
Wem.DlT. Ry..'3^.4M
91
- 91
(;o..'(l<»..1 100
-100
i
eo - 61
10396-10^ l04k-lC4k
68
i009i-iC09<
51k- 63k 63k- 70
67 - 72k
103k- 103 Jj 1039i-103J^ 1033^-104 104 -lC4k 1049i-108
9b - 98
06k- OTJ^
97k- 97i< 97-99
96 - 98
07 - OTh
95k- 06
05k- 96
95k- 06
04H- Ook 95k- 95k 05
86k- 87k 86
86k- 87
-
90 - 90
90 - 90
ittk- 94
- 06Tii
95
- 95
95
04
-
95k 95k85k-
83
96
- 67U,
122
-106
106
-105
106
-106
03
-
94H
04-94
'^1
-
106
97
-•
959i--
98
88
06
96-90
70
- 76
75
90
78
90
-
•
95
95
- 96
- 95
93k- 9;ik
95
•
9ik 94
04
80
09
•
-•
94k
93k- 94'^
88 - 88
99 - 99
lOOk- look
128k •128k
122
'
104
104k 104k-104V4 1049<-105k
10;;%- 1027^ 103k- 1039j 10396- 1039*
lOQH 107k 107 107k loc;^- 107k 107k- 107k 107k 10794 I07k-108k 107k- 107%
104 - 104
104k 105 - 105 106 -106 106 -•lOfi
104M- 10494 104
102% 103k
10196-loik 101k-1019t 102k 102H 102k-108k
-
108
105
10e9<-10696
93k- 84k 02
83
-
77
:
05k- 96
05M- 06
83 k- 87 k 86k- 87
•
- 03
-
853i
959»
97k
95k- 95k 95k- 95k
87«- 89k 88k- 89k 889i- 89k 89k- 911^ 919i85 - 86
86 - 87
86k- 86k 87 859i- 87
9U 98 - 99k 09 - 99
98 - 06
03 - 03
101k- 101k 101k- 102
loe
-
66
108
- 0.1k
93k 93k 92
10296-
103k
-106
81
94k &lk- 00
96k- 07
90k- eok 06
72-84
80-80
88-84
88-83
-
90k 04
04
70-70
80-80
,
- 10
1029i-102% 102% 1027/ 103 -103 103 -103
103 -103 103 -103 103k-103k
60-60
101k 101k
49k- 51k 62k- 66
81
96
60
•
101^i-101i,4
-
-110
- 10»«
-
23-38
102
95
;
40
100k- •101k 100k- 100k
10e«-10394 103?i-1035!( 108
106>i-100>(i 106 -106
104 -104
-100
12k
696- 12
-
- 102
103k-10396
27k- 27 J4
93k- 94
93k- 04
90H-
106!^- 107
CoBsol., K Id. l)*3e..3
SioDft
44k- 44k
U
12W- 122k
100
60-60
20-2?
23k- 23k 24 - 25
21k- 24
45 - 49k 47 - 48k 47 - •49k 47k- i6U 489i- 58
53k- 68k
106%-108k 107 -104«9^ 108k- 110 L09 112 111k ll"k 1149^-110
41 - 46k
33 - •40k 33 - 39
30 - 30>4 29J6- 40
36k- 48
69 - 60
103 -103
103 -108
103
Tnanel, 1st, 19U9....3
Debenture, 1914. ...6
Wrst'n
-102k 97 -101k
46 - eik
-103
'43.6
Mwlft OcCo., Jste.'14.'>
Union EI. (L.OOP) '45. 5
U. S. Brewloff, 191 U...
!*t.,
43-42
Ik
60-60
BO
Rrfund'ir. a:.. 1947. ..'i
Oh'ie.a-L.<&C,lBt'37.5
Coiisum. ii„ Ixt, '.3(1.3
So. Side Elev., 1 H*.24.4>i
W. Chic.
103
60 - 60
90-00
4*40
4*M0
Pearsons-Taft
luO
98-98
47 - 60
Coinmonvr. Elec, '43 .3 103H-103}« 102 -103
Kulck. ice, lst,"JS....'5
L<ake St. bl., 1st, ''2rr,.Si 98«- 99
99-99
lECoiiie deb., 1928. -.3 29 - 29
Uffden Uns,
Ik-
10-13
102
101
lOOH-lOOH
Ist. sold, m-ZO
3 102M-103
Chic. Auditor., lU'i9..!i
Chic. Equitable Gas...(i
Ch.Pne. Tool, lst,'ai.5 45 - 47
No. Cfa.City, 19.t7.4}^
- 30
5-9
-
- 19
-102
Northw.
46-45
2096- 21
BONDS.
Cass Av &:Ftist.L*12.3
Exten., Kold, 1938...4
No. Cblc. nt., 1st, 'Utl.3
1st, 11*0«
3
-
2991- 32
17 - 17
19
98^
94k- 98k 96
60
-
20 - 20
lst,'3i!J.4
k
87k
-
- 63
Western Stone
W. S.fel.,
- 67
20-9:j
no
123k 123 -125 122k-14o
• 100
98k-101 101 -108
131k- 135k 131 -ISSk 131 -187
122
04
8k-
40-40
•
Union Bag tkP.-iperCo.
Un. Box Bd. & Pap. Co.
(14
23k- 25
e7k- 67k
1
120 -126
122 -136
83 - 8ek 89k- 95
128 -i20ii 12Mk-131
20k- 21
391^- 45
86 - 40J^
41
4496- 46k
42k106 -1069i
103!^ 102 -1041^ 104!4-105k 105 -107
99Ji-103M 101
2614- 2SM 27 - 28>^ 26J^- 29^ 29 - 30
29 - 80k 38 - 29^
95 - 98}^ 98 - m!4 98 -101
98 -104 1015^-104 101 -102
lOOM-103 100 100% IOC}^-103
99%-100% 100 -100k 100k-102k
Co.... 46 - i7l4 41« 461^ 41M- 41?4 41M- 4154 38-38
359i-87k
77-80 80 80 79 - 79 78 - 80 78-80 76 - 78
23>i- 23>i
Kati-onal Blecait..
76
-
13-12
47 - 61
Prel
- 79
53-60
68-68
63 - 62
Slannfacturers' Fuel...
masonic Temple
75
83
I09k-110
107
Ice.....
60
20
24k
-
65k- 67k
6494
46k- 609g 46 - &99( 55
- 62k 62k- 65
68-70 73 79k
-123k I22k-122i- 123 -123
- 27k 30-40
38-40 87 - 40k
- 87
04 - 94k
7-7
115
79t
23
48>«
10
1-1
88M- 43
& Chic. Contract.
09k-100
62 - 6ek 48k- 62
28?^
66-69
7k-
8M-
Pref.
Pret
79-80
2?k-
-198
110 -UO
66 - 65
120 -120
65 - 67k 67
80 - 88
1596-
F8k- 44k 40
44 - iiH 47-60
116 -116J* ii'%-ii7k
19 - 20
-107
- 57
107
m
1^-
- 16
86-86
160 -1521^ 148 -150
146 -150
23-26 24 - 26 21-33
120 -UO
116 -118
116 -118
86 - 91Ji 86-90
89 - 89
126«-130H 127 -139J4 129 -182
Federul Truss Co
Illinois Brick
Knickerbocker
92
x34 - 84
Oal. i& Cliic.Canal SiU.
Bank
-
28H- 29H 29k- 32
98 -103
m^A- 04
84k- 87
33 - 43H 39k- 43k 43-47
UO
Central Trast
89
28-29
-186^ 187 -187
-110
100Ji-100?i
56-69
52 - 62
-1239i 123 -imi 121 -121VS
Sk- 8kj 3k- 8k
31k 21k- 26
2-2k- 24
63 - fS
58k- 68
55k 63 - 50
8 - 8k
3k- 39il
ISk- 219< 19 - 20k
-
Sm- 40^ 84k- 37k 34k- 36k
40-43 42-45 43-45
183
Pref
Biamond
8 -
16«- 18
85-86
Amer. Trust Sc Sav.Bfc.
Boetli (A.) ds Co
Chlo.
2%
7k
- 26
2
IH-
-187
«H-
80k- 86
m-
45 - 47
116 -11696 116 -116
21 - 21
Prel
Met.
180
28 - 26k 25 - 25k 25 - 27
7-10
OH- 16
8k 6 -
30-41
30
176
City Ry. As Lisht.
Prci
Lion.
MAT.
Low. High liOW.Hlgh Low. High Low. High Low. High Low. High Low. High Low. High Low. High Low. High Low. High TiOW-Higb
ChicoKoCity Rr..
CbicnKO <& Unk Park...
Kan.
APRIL.
71
72
93
76
95
72
05
72
95
95k- 98
88-83
05k- 05k
80 - 8S
I
THE CHRONICLE.
Jan. 21, 1905.]
199
—At the annual meeting of the stockholders of the Real
ITEMS ABOUT BANKS. BANKERS AND TRUST GO'S.
Estate Trust Company of New York (30 Nassau Street), held
—The public sales of bank stocks this week aggregate 219
on Wednesday last, Mr, Alfred E. Marling was elected a
shares aad were all m%Ae at aactlon. The transactions in
trust company stocks reach a total of 176 shares. TwentyTrust Co.
five shares of stock of the Central Realty Bond
sold at 6753^. This was the first public sale of the stock
were
&
since the
amount of the company's
capital
was reduced from
12,000,000 to 11,000,000, the last previous sale having been
made in March 1904 at 450. In the "curb" market 50 shares
of National City
Bank
Banks— Few
gharet
stock were sold at 295.
ror*.
25 American Exoh. Nat. Bank...
1
Bowery Bank.....
80 Commerce, Nat. Bank
5 Greenwich Bank
ol
5 First National Bank
80 Mechbnlos' & Traders' Bank..
20 Nassau Bank
8ParkB*nk, National
10 Washlngcon Heights Bank
Bank—Brooklyn.
15 Clcy Bank, National
Pr^ce.
275
365
235B8-236
291
766
145
200
545
250
Latt previoui iaU.
1905—
Mar. 1903—
Jan. 1905—
Apr. 1903—
Jan. 1905Nov. 1904—
Jan.
Aug. 190 i—
Jan.
273
408
230
324
77514
l45ie
190i«
1908- 643
First Bale.
295'«
Apr. 1901— 305
Trust Oompanibb— .Wew Fork,
Max. 1904— 450
25 Central Realty Bond & Tr. Co. 678>4
2205-2208% Jan- 1905—2195
12 Central Trust Co
100 Farmers' L-; an & Trust Co
1497
Jan. 1905—1490
10 Mercantile Trust Co
12 Metropolitan Trust Co
1 United States Trust Co
Trust Coupjlsy—Brooklyn,
16 Brooklyn Trust Oo
995
636
1503
Nov. 1904— 1000
Nov. 1904- 628I4
Jan. 1803— 1806
director in place of Horace S. Ely, deceased, for the term
ending January 1907. Mr. Marling is senior parf-ner in the
firm of Horace S. Ely «& Co. real estate brokers. The following were elected for the term ending January 1893: Messrs.
Henry O. Swords, Charles C. Burke, Charles A, Peabody,
Henry Lewis Morris, Douglas Robinson, Frank S. Witherbee,
Robert Goelet and Henry W. Reighley,
,
—The new directors in the Guardian Trust Company, 170
Broadway, are Messrs. M. D. Chapman, Desmond Dunne and
A, E. Sloan.
—Messrs. Henry O. Havemeyer, Cord Meyer, Vernon H.
Brown, Seth M. Milliken, Theodore W. Meyers and Percival
Kuhne were this wesk re-elected trustees of the Colonial
Trust Company, 222 Broadway, for the term ending January
Mr. Stephen Peabody was also elected a trustee, suc1908.
ceeding the late John S. Dlckerson. Mr, Philip S. Babcock,
formerly trust officer of the institution, was elected a VicePresident and Mr, Joseph N. Babcock made trust officer at
a meeting of the trustees.
—Last Tuesday Mr, Edgar L. Marston, of Messrs, Blair &
Company, was chosen a trustee of the Title Guarantee &
It is reported that the membership in the New York Trust Company, 146 Broadway, and a member of the Finance
Stock Exchange of Daniel J. Sully has been posted for trans- Committee in charge of the company's banking interests.
At a subsequent meeting of the board, Mr. Edward O, Stanfer; the consideration is said to have been |76,000. Mr. Sally
was elected a member of the Exchange in January of last ley, formerly Treasurer, was elected Second Vice-President
year and paid $67,000 for his seat.
and Manager of the Banking Department.
425-425i4
Apr.
1904— 406
—
—Mr. Harry
Bronner, of Messrs. Hallgarten & Co., was
board of the Bowling Green Trust Company of
elected to the
this city at a directors' meeting this week.
—Much interest has attached in banking circles to the elecnew directors last Wednesday to the board of the
Company of America for a term of three years ending
Trust
January 1908. The eight members chosen at the annual meet,
tion of eight
ing are all directors of the North American Trust Co., and are
as follows: Charles T. Barney, H, B. HoUins, Oakleigh Thome,
Henry F. Shoemaker, B. F. Yoakum, P. A. B. Widener,
James S. Kuhn and Samuel Spencer. The following were
also elected board members to fill unexpired terms: W. H«
Chesebrough, Ashbel P. Fitch Jr., John R, Hegeman, Emerson McMillin and A. L. Banister. The Executive Committee, elected later in the week, consists of Charles T. Barney, Emerson McMillio, James M. Donald, H. B. Hollins,
Henry F. Shoemaker and Oakleigh Thorne. The present
ofiBcials of
Later
the Trust
Company of America were
when matters can be
re-elected.
satisfactorily arranged, the
North American Trust Company and Trust Company of
America will be merged into one concern. Before this can
be accomplished the directors of the North American Trust
Company
will consider reducing its present capital stock
—The
Lincoln Trust
Company
of this city has issued an
Law's Safeguards," which
gives the essential features of the laws governing trust companies In New York State and other valuable information regarding such institutions.
The brochure is nicely
printed on India tint paper and is of an artistic design fully in
keeping with the other printed matter which bears the company's stamp. The cover design Is handsomely finished In a
bronze effect. The booklet contains a half-tone view of Madigon Square, one of the city's landmarks, where the company's
offices are situated, and also a half-tone of the Abraham Lincoln statue in Union Square. The Lincoln Trust Company
has enjoyed rapid growth in business since its inc3ption. On
instructive brochure entitled,"The
Dec. 31 1902, shortly after the institution was organized, dewere $2,707,116; June 30 1908 they were $6,925,841; Dec.
81 1908 (one year after organizing), $7,882,107; on June 80
Capital
1904, $10,214,550, and on Dec. 81 1904, $18,150,280.
and surplus are each $500,000 and undivided profits $198,440.
Mr. Henry R Wilson beads the bank's management, while
Mr. Frank Tilford is Vice-President; Mr. 0«ven Ward, Second
Vice-President; Mr. William Darrow Jr., Third Vice-President ; Mr. Robert C. Lewis, Treasurer ; Mr. Frederick
Phillips, Secretary; Mr. E Iward 0. Wilson, Assistant Treasurer, and Mr, J. Z. Bray, Assistant Sscretary.
posits
from §2,000,000 to $1,000,000. le this is done, it will place
the North American Trust Company on the same basis with
—The deposits of the National Bank of North America
the Trust Company of America, which has a capital stock of 41 and 43 Wall Street and 43, 45, 47 and 49 Exchange Place,
Together the combined companies would have reached $24,231,997 January 11. On March 28 1904 deposits
$1,000,000,
$2,00},000 capital, a surplus in excess of $3,500,000 and total were $21,611,518. Resources, which aggregated $36,571,722
deposits of over $36,000,000.
on the latter date, are now $29,095,958. Capital, surplus and
The contemplated resignation of Mr. Q-eorge W. Young profits combined are $4,021,823. The institution Is a United
as President of the United States Mortgage & Trust Company States, New York State and city depositary. Associated with
of this city is announced, Mr. Young is quoted as saying the President, Mr, Richard L. Edwards, in the bank's
that he has for some months been engaged upon plans which management are Mr, Henry Chapin Jr., Vice-President; Mr.
will necessitate the severance of his connection with the Alfred H. Curtis, Cashier; Mr. J. Frederick Sweasy and Mr.
company. If these plans are perfected by the time of the Edward B. Wire, Assistant Cashiers. Toe board of directors
annual meeting two months hence, it Is his intention to re. includes: Henry H. Cook, William F. Havemeyer, August
linquish the office of President. He will, however, contiuue Belmont, Robert M. Thompson, Henry Chapin Jr., Warner
as a stockholder and director of the company, with the up- Van Norden, Mahion D. Thatcher, Edward T. Bedford, Warbuilding of which he has played such an important pari:. It ner M. Van Norden, Charley T. Barney, Ambrose Monell,
John H, Flagler, Richard L. Edwards, Charles W. Morse,
is expected that the office of Chairman of the board will be
created, and that Mr. Young will be elected to the position. Oakleigh Taorne and Hugh J. Chisholm.
—
statement of the Irving National Bank of New York
(located on Chambers Street corner Hudson Street) issued
at the close of business January 11 1935 showed that surplus
and undivided profits, after deducting $60,000 for dividends and taxes, were $1,088,996. Dapoaits have reached
$7,854,121 while total resources are $10,137,717, Mr. Charles
H. Fancher is President, Messra, Gaarles F, Mattlago and
Samuel S. Conover, Vice-Presidents, and Benjamin F,
—The new Battery Park National Bank at 24 State Street,
which commenced businees less than two months ago (Nov.
Its
21, 1904), in its first report shows deposits of $815,293.
$100,000. Mr. E. A. de
capital stock is |200,000 and surplus
Lima is President, Mr. E, B, Day Cashier, and Mr. George S,
Werner, Cashier.
made
—The
Talbot Assistant Cashier.
—The
Bowery Branch
interior of the
of the Oriental
Bank
undergone extensive improvements,
necessary by the constantly increasing business of the
of this city has recently
THE CHRONICLE.
200
institution.
The
office force
floor space considerably
Robert H. McCurdy, D. Hunter McAlpin, Guy MlnH. Vernam, Joseph H. Van Doren and George B.
Wilson. At a subsequent meeting of the directors, Mr.
Exchange Bank of this
Albert H. Vernam was reelected President, Mr. Rudolph H.
elected Mr. Anson B
Kissel, Vice-President, and Mr. Guy Minton, Second Viceis preparing to open a
where it has leased the President. The First National's deposits are now $2,480,241,
surplus and undivided profits $268,482.
The bank was
has also been enlarged and the
added
—The
stockholders of the Corn
annnal session this week,
The bank
Flower to the board.
Staten Island branch at St. George,
three-story Crabtree Building,
—In our announcements last week
new^bank directors,
we inadvertently stated that Mr. Herman J. Weekhoff succeeded Mr. J. Culbert Palmer on the board of the Northern
National Bank of this city. Mr. Palmer was the new director
chosen to
—The
fill
Kissel,
ton, Albert
to.
city, in
iVOL. LXXX.
of
Mr. Weekhoff's place.
directors of the National City
Bank
of this city at
established in 1865.
—Mr. William Machold,
tional
Bank
Vice-President of the Second NaJ,, died on the 17th inst.
Hoboken, N.
of
—At the annual meeting of the Citizens' Trust Company
of Paterson on the 10th inst., Mr. Henry F. Bell was reelected President; Mr. Arthur H, Day was elected Vice-
on Tuesday accepted the resignation of Mr.
A. Q, Loomis as Vice-President and director. Mr. Loomis
tendered his resignation on the 13th inst. in the following
President and Treasurer, and Mr. Jamss Mitchell was appointed Acting Secretary.
letter to the directors:
I beg to tender my resignation as Vice-President and director of
this bank. After six years of active gwork In the bank, during wliloh
period its bnsinees has largely Increased and its honorable and com.
manding position has been steadily maintained, it Is with regret that
I sever my relations with yon. I am, however, led to do this because
my continuance with the bank exposes it to criticism and attack,
which should be personal to myself, as no oflBoer or Individual connected with the bank, except myself, had anything whatever to do
with the credit which was extended to l^Iunroe & Mnnroe.
The amounts that were advanced to them were loaned in the ordinary course of business, and at all times I had ample collateral from
them to secure their loans. I believed at the time, and still believe,
that the property of the Montreal & Boston Copper Oo. is a valuable
one, and I had no personal interest of any kind in the loans made to
on Tuesday but had practically subsided the succeeding day. Supplementing the assurances
of President Block that there was no cause for alarm, that
the bank is perfectly sound and prepared to meet all demands, the Buffalo Clearing House Committee gave out the
following statement on Tuesday
their meeting
them.
moment
this week.
Bank
the Citizens'
of Buffalo
It started
The Clearing House Committee and the President of the Buffalo
Clearing House Association have made a very thorough examination
of the assets of the Citizens' Bank oC Buffalo and state without any
reservation whatsoever that the bank is perfectly solvent, that it»
affairs have been conducted in the most careful and conservative
manner and that the Buffalo Oiearing House Association stand behind
the Citizens' Bank of Buffalo and will furnish it with any amount of
cash necessary to pay its depositors as fast as they call for their
money.
have been engaged in the banking business for upwards of forty
years, during which time I think I may say that my record will speak
for itself and not to my disparagement. If there has been any lack of
judgment in these matters it is but proper that I alone should suffer
I
the ctitloism.
My greatest satisfaction at the present
—A run was experienced by
The bank has a capital of $100,000 and surplus and profits
of over $200,000. The principal cause of the run is believed
to have been the sending out of anonymous letters stating
the confidence
would serve
that depositors
by my re-election as a director and YiceFresident of the bank. It would, however, be ungenerous on my part
to take advantage of this signal proof of your appreciation of what I
may have been able to do for the bank In the past. I earnestly re.
quest that you will take immediate action upon my resignation.
by withdrawing
their accounts.
which has been shown
is
me
-Mr.
their interests
Clifton H.
Dwinnell, formerly Assistant Cashier
of the First National Bank of Boston, has been elected a
Vice-President.
—The Equitable Trust Company of New York during 1904
almost doubled its deposits,the figures now being $41,327,226,
against $22,302,827 on Dae. 31 1908. Surplus and undivided
profits advanced from $9,037,763 to $9,639,130, while aggregate
resources increased from $34,650,430 to $54,226,826. Mr. Alvin
W. Krech is President Messrs. James H. Hyde and Lawrence
L. Gillespie, Vica- Presidents, and Mr. F. W. FuUe, Secretary
—The stockholders of the Naumkeag National Bank of
Salem, Mass., have authorized a reduction of $250,000 in the
capital. This will make the capital $250,000— just half the
The shareholders will receive $150 per
present amount.
share for the stock surrendered.
and Treasurer.
in its statement of
—The
;
phia,
—Mr. William A.
Davies has been elected Cashier of the
of this city to succeed Mr. John I.
Cole, who has retired on account of ill health.
Mr.
Charles M. Close has been appointed Assistant Cashier. Mr.
Davies was formerly Manager of the Fifth Avenue Branch of
the Corn Exchange Bank at 19th Street and Fifth Avenue,
Farmers'
of
Mechanics' National Bank of Philadel-
which Mr. Howard
January 11
$13,684,775, as
Union Exchange Bank
&
W. Lewis
1905,
against $13,072,247 on
Surplus and undivided profits are
compares with $1,021,056 a year ago.
is President,
reports deposits of
November
now
10 1904.
$1,048,870,
which
—Stock of the First National Bank of Baltimore to the
amount of 1,550 shares has been sold to the directors by the
Mercantile Trust & Deposit Company of Baltimore. The
Mr. Wm. Brown, President of the Flatbush Trust Co., price is said to have been $160 par share. The bank has a
Borough of Brooklyn, died on Wednesday of pneuioonia. capital of $1,000,000. The amount was increased from $550,He was seventy-six years of age.
000 in July 1902, one-half of the new issue being then taken
Mr. Culver Ferguson has been elected Vice-President of by Mr. James T. Woodward, President of the Hanover Na
the North Side Bank of Brooklyn, succeeding Joseph E. tional Bank of this city and the other half by the Mercantile
Hinds, resigned.
Trust. The stock was taken at a premium of $50 per share.
—The stockholders of the People's Bank of Brooklyn have At the recent annual meeting of the directors of the Firdt
approved the proposition to amend the articles of incorpora- National, Mr. Joseph R Foard was elected Vice-President to
—
—
tion BO as to provide for branches.
It Is stated
that while
it
not the intention to open a branch at present, it was decided to place the bank in position to do so if desired.
is
—
Messrs. Henry S. Laupher and Frederick H. Webster
have been elected to the board of the Sprague National Bank
of Brooklyn, to succeed Charles W. Morse and Charles E,
Clark.
—The New
Rochelle Trust
Company
of
New
Rochelle,
N. Y., for January 1 1905 reports a deposit line of $1,117,131,
this comparing with $972,246 on Januaiy 1 1904, $744,176 on
January 1 1903 and $512,611 on January 1 1902. Surplus
and profits are eow $37,060, against $31,6C5 on July 1 1904.
The company has a capital of $100,000.
— At the meeting of the
stockholders of the First National
Bank of Morristown, N. J., on the 10th Inst., the following
were unanimously elected to serve as directors during 1905
Edwin W. Coggeshall, Joseph B. Dickson, Charles W. Eanis,
H. W. Ford, Francis S. Hoyt, Theodore F. King, Rudolph H.
:
succeed Mr. Theodore Hooper, resigned.
—The announcement was made this week that Mr. Andrew
Carnegie would reimburse the depositors of the Citizens
National Bank of Oberlin, Ohio, which was obliged to suspend the latter part of November on account of its holdings
Chadwick paper. Mr. Carnegie's action, it is stated, wa^
induced by the stories of hardship suffered by the depositors,
many of whom were students, through the closing of the
bank.
of
—The consolidation of the People's National Bank and the
Franklin Bank Company of Newark, Ohio, projected a year
ago, was approved by the respective stockholders last week.
The merger will become effective April 1, the consolidated
institution being known as the Franklin National Bank.
Tne
capital will be $250,000.
—The
increase of $100,000 in the capital of the National
Grand Rapids, Mich., which we stated in a
City Bank of
recent Issue
was
likely to be
made,
was authorized by
:
THE CHRONICLE.
Jan. 21, 1905.J
the stockholders on the 10th
inst.
The present
oapital is
for years held a similar position la the Merchants' National
Bank) has become Cashier.
$500,000.
—One
201
after another, the
Chicago banks are finding their
present quarters inadequate for transacticg their rapidly increasing business. No less than five prominent banks of that
city are either erecting new buildings for their own use or
planning to do so soon, while others have leased larger quar-
—During
the years 1903 and 1904 the growth of deposits in
the Fort Dearborn National Bank of Chicago was at the rat©
of over $100,000 per month, or, to be exact, $3,600,000 in the
twenty-four months. This has been coincident with the
bank's new management. The proposed increase in the capital, referred to.last week, will be voted by the stockholders
which they will occupy in the spring. Tae Hibernian
Banking Association will probably be the first of these to on February 21.
move, and will take possession of the entire bank fl >or of the
—Two changes occurred in the official staff of the Mer»
new Rector Building on the corner of Clark and Monroe chants' National Bank of St. Paul at the annual meeting on
ters
On May 1 the Metropolitan Trust & Savings Bank the 10th Inst. Mr. George H. Prince, formerly Cashier, was
remove to the Chicago Stock Exchange Bailding, occu elected Vise-President, and M^r. H. W. Parker, previously
pylng all of the second floor except that used by the Ex- Assistant Cashier, was elected Cashier. The other officers
change itself. The area of floor space is over 5,300 square were re elected as follows: President, Mr. Konneth Clark;
feet.
Vice-President, Charles H, Bigeiow, and Assistant Cashier,.
streets.
will
—Chicago has the promise of still another magnificent H. Van Vieck. The old board of directors was also rebank structure in the near future. The Commercial National elected,
Bank has about completed negotiations for a large site on
—At the annual election of officers of the First National
the northeast corner of Clark and Adams streets, upon which Bank of Minneapolis, Mr. J, B, Gilfillan withdrew
from the
it will erect, as soon as current leases expire, a massive
presidency. Former Vice-President F. M. Prince was elected
building, the two lower fljora of which will be devoted to as his successor, Mr. J. T. Jaffray becoming
Vice-Presidant,
its own uses and those of the Federal Trust & Savings Bank.
besides retaining the office of Cashier. Messrs. D. MaokerThe two institutions have some influential directors in com- char and Ernest C. Brown continue as Assistant
Cashiers.
mon, but it is not yet determined which bank will occupy the Mr. Gilfillan remains as Chairman of the board.
firstand which the second floor. At first the height of the
—The board of the Northwestern National Bank of Mlrrnenew building will
probably not exceed five or six storiee, but
the foundations and wails will be laid with the view of later
converting it into a twenty story "skyscraper."
apolis contains three
Woodworth
E
new names,
viz.,
E W.
.
Backus, E.
S
Two of these fill vacancies
resignations of James W. Raymond aad S, A.
a^ad
P. Wells.
caused by the
—President Eckels, of the Commercial National Bank, Caibertson,
-Chicago, announces the election of Mr. Ralph Van Vechten,
—Former Cashier Luther Drake has been>lected President;
.at present Cishier of the Cedar Rapids (Iowa)
National of the Merchants' National Bank of Omaha, Neb.,
to fill the
Bank, to the position of S 3Cond Vice-President of the Com- vacancy
created by the recent death of Mr. Frank Murphy.
mercial National Bank. Mr. Van Vechten is an experienced Mr. Frank
T. Hamilton has been advanced from the office of
oanker, forty-two years of age. He entered the service of
Assistant Cashier to the Vice-Presidency, while Messrs, Fred?
the Cedar Rapids National Bank in 1880, gaining by promoHimilton and B. H. Melle are now the Assistant Cashiers,
tion the ofiBce of Cashier in 1887, which place he has since
—Mr. H. P. Hllliard, who has heretofore been Second
filled.
At the recent meeting of the American Bankers'
Vice-President and Cashier of the Mechanics' National Bank
Association he was elected to the position of Treasurer of the
of St. Louis, has been re-elected Cashier and bsen adAssooiation. Mr. Van Vechten comes to the Commercial on
vanced to the office of First Vice-President, made vacant
February 15th.
through the death of Benjamin B. Graham. Mr. W. J. Kin
—The following increase of deposits over those shown by sella is the new Second Vice-President.
Mr. George D. Barthe last published reports of the same Chicago State banks is
nard and William B. Becktold have been electad directors, to
noted in their statements of January 13
succeed B. B. Graham, deceased, and RusseU Hwdlng, re.Merchants' Loan & Trast Company
$3,000,000 signed,
First Trust & Savings Bank
aisooiooo
—Mr. Thomas W. Crouch has been elected President of"
Foreman Brothers Banking Company
925 OOO
Northern Trust Company
"about 7Co',000 the Vandeventer Bank of St. Louis, while Dr. Pinokney
State Bank of Chicago
700,000 French has become Vice President. The latter is President
Hibernian Banking AssBolatlon
700000 of the Olive Street Bank of St. Louis.
A controlling holding
Western Trust & Savings Bank
400^000 in
the Vandeventer Bank was purchased last August by in
The State banks combined in Chicago show an increase of
terests identified with the Olive Street Bank.
$10,000,000 deposits over their hoiainga on November 12, and
—Mr. W. Frank Street hae been chosen to succeed Mr.
the total gain of deposits in all Chicago banks for the year
H. N. Tinker, resigned, as Cashier of the Washington
1904 was in round numbers 1 100,030,000.
Na
'.'.
•<
Bank
tional
—Through
the resignation of S. W. Riwson from the
presidency of the Union Trust Company of Chicago, his sou,
F. W. Riwson has succesdsd to the office. The surplus
o"
the company has been increased to $500,003,
$50,000 having
been transferred to the item from undivided profits.
—Mr.
M. Dingmin has succeeded Mr.
J.
cashier of the Drexel State
B^nk
B,
M. Keily
as
of Chicago.
of St. Louis.
—The stockholders of
the Norfolk National
meeting elected Mr.
Bank
of NorM. S^rpell a
succeed the late Thomas R. Ballentine, and elected
folk, Va., at their recent
G
director to
the following additional members to the board W. T. Ham,
E T. Lamb, J, H. Rjdgers, William Sloane and A. B.
Schwarzkopf. Mr. Schwarzkopf is cashier of the bank.
:
—At the recent annual meeting of the Merchants' Planters'-Farley National Bank of Montgomery, Ala., Mr, S. B.
&
:^— Mr. Gates A. Ryther
has replaced Roswell Z, Herrick
(deceased) on the board of the National Live Stock Back
Of
Chicago.
Marks
on account of 111 health, tendered his resignation
In accepting the resignation, the direc
tors adopted resolutions of regret, and presented Mr. Marks
—At the
recent stockholders' meeting, Mr. Elmn S, Conto the board of the Bankers' National Bank
of Chicago.
•
with a set of silver In recognition of his services. Tha
office which Mr. Marks vacates Is left op3n until he recuperates sufficiently to again take an active Interest in the
bank's affairs.
way was added
—Reports read to the stockholders of the Himil:on NaBank of Chicago at the annual meeting showed that
the city deposits of the bank had been almost doubled during
tional
— Oj
the 10th inst. the stockholders of the Fourth Naof Montgomery, Ala., ratified the propo3itlon to
Increase the capital from $200,000 to $350,000, the new capita;
to be available on February 1. Mr. A, J. Jones has bean
elected to the newly created office of Assletant-Cashler of
the bank. He holds a similar position in the Americaa National Bank of Montgomerv, and will a8suai3 his new duties
the first of the coming month.
tional
the past year, the gain being 97 per cent.
—Another
Assistant Cashier was added to the official rosBank of Chicago at the annual election In the
person of Henry A. Haugan Jr., son of the President of
the
bank,
ter of the State
—Cashier Charles S, Castle of the Federal Truit
Savings Bank, Chicago, has been promoted to
the officse of VicePresident, and Assistant Cashier F. J. Scheldenhelm
Jr.,
as Vice-President.
&
Bank
—Plans have been perfected for the oonsolidatlon of the
(who Shreveport National Bank and the Louisiana Bank & Trust
'
THE CHRONICLE
20^
[Vol. lxxx.
Corcpany of Shreveport, both having a capital of $100,000. througtiouc Germiay is exceedingly g )0 1 .-iai appjc^atiy is
Tha latter name will be retained by the n ew institution, growing larger and more active. For the miment nsitber
which will have a capital of |200,000 and a surplus of $50,000. investment nor specnlation i3 very acHve. But; &i soon as
Mr. F. T. Whited, of the Shreveport National, is to be Presi- the Russian loan is disposed of, the best opinion in Barlia is
deiit.
—The directors of
the Hibernia
Bank and Trust Company
that there will be a great outbarsfc of spacalation.
Considerable discussion has been oeoasioaad by the bringing
out of six millions sterling of Irish land stock. The Irish
New Orleans at their meeting on the 11th inst. elected Mr.
Hagh M.CIoBkey a Vice-PrcBident, to succeed Mr. J. W. Land Act Is proving more successful even
Castles. When assuming the cffise a year ago (after resign- friends expected, and therefore the amount
of
than
its
best
new
stock
Irish Secretary,
of
is larger than was anticipated.
Tbe
when Introducing the bill, pledged himself not to issue for
he might relinquish the same in a year. Cashier Caarles
Palfrey, who has been connected with the Hibernia Bank for the first three years more than five millions per annum. He
ing the Presidency),
Mr
Castles did so only on condition that
Is
twenty years, replaces Mr. Castles as a director,
—At the
annual meeting of the stockholders of the Merchants' National Bank of Houston, Texas, on the 10th inst., a
resolution was adopted suspending the further payment of
dividends until such time as the directors may determine to
resume tbe same, in order that the working capital may be
more speedily increased through additions to surplus and undivided profits.
—The Bink
of California at
San Franoisco, capital
created
$3,000,-
now
issuing six millions,
as a breach of faith.
which
premi&es, agencies, accounts, etc., of the London & San Francisco, this including the London business of the bank.
—A merger
is also under way between the Nevada NaSan Francisco and the Wells, Fargo & Co. Bank.
The consolidation, it is stated, will be effected under the
name of the Wells Fargo Nevada Bank, with a capital of
tional of
The Navada National has a capiral of $3,000,000
while the paid-in capital of the Wells, Fargo Bank is $500,000.
The latter has surplus and profits of over $15,000,000.
$6,000,000.
regarded by the market
the real truth is that the
Irish Secretary finds himself in a dilemma. If he were to
refuse to find the money for carrying the Act into effect
he would offend tbe Irish landlords and might possibly cause
them to cancel several sales. On the otber hand, by increasing from five to six millions the issue, he is offending the
City. Upon the whole, however, right-thinking people will
before long decide that it is better to cause soaae little temporary inconvenience to the City than to risk damaging so
great a measure as the Irish Land Act. The chief reason
made arrangements to take over the London & San
Francisco Bank (Lt;d.) with a paid-up capital of |1, 400,000. why the
step is criticised is that
The Bink of California becomes the owner of the good-will, have fallen back on the issue of
000, has
is
No doubt
consols, after rising sharply,
the new stock, and the City
argues that if stock guaranteed by the Government is to be
brought out every time the market improves, it ia impossible
that there can be a real recovery in consols.
Money has become very abundant and cheap. The Government, In order to redeem Treasury bills, has borrowed
heavily from the Bank of England, and thereby for the moment has fiooded the outside market. For the last day or
two, however, there has been a recovery in rates, because the
French banks are buying all the gold that is off red iu the
opan market, doubtless in preparation for the Ras<ian loans.
And, moreover, the French 'exchange has declined. Ic is
feared, therefore, that gold may be taken out of the Bank of
England, and the Bank, at the present time, is not strong
[From onr own oorreBpondent.]
enough to part with much gold. Over and above this, it is
London, Saturday, January 7, 1905.
to be recollected that the great French banks are employiog
After the short New Year holiday business opened well very large balances in London, and If money becomes dearer
on Tuesday. Quotations were put up all around and a very in Paris than In London, those balances may be seriously
hopeful feeling prevailed. For a couple of days this mood drawn upon. It was generally expected that money would
continued
but towards the close of the week business be plentiful and easy for the greater part of January. But
slackened, and under the inflaence of sailing from Paris and the fall in the French exchange is making all engaged in the
Berlin quotations gave way. In Paris the internal condition money market rather cautious. Indeed, the leading banks in the
of Russia naturally excites much uneasiness; and the un- city are at present rather indisposed to take full three months
easiness has been heightened this week by the very out- bills. They feel that all the conditions are so unusual and so
spoken letter which Prince Troubstskoi has addressed to the puzzling that they prefer to take short bills. As the month
Minister of the Interior.
proceeds the collection of the revenue will become larger and
Moreover, preparations are being made In Paris for the larger. And if the Government acts wisely and avoids borcoming Russian loans. It is understood that the first instal- rowing from the Bank of England, the revenue collections
ment of the German portion of these loans will be brought win tell after awhile and rates will again recover. Possibly
out on the 12th. Germany is allotted 25 miJ lions sterling. But even the Bank of England may regain its control of the out;
only 16 millions sterling will be issued at first, it being un- side market.
derstood that the syndicate of bankers has taken only 16
The India Council offered for tender on Wednesday
millions firm and has an op Lion to take the remaining nine 89 lacs of its drafts and the applications exceeded Hi
millions. It is understood that the syndicate has obtained lacs, at prices ranging from la. 4 l-32d. to It", 4 8 32d, per
the loan at somewhat under 90. All its expenses of every rupee. Applicants for bills at Is. 4 l-16d. and for telegraphic
kind are to be paid, and besides it gets a commission of 2% transfers at Is, 4 3 32 1. per rupee were allotted about 35 per
percent for which It undertakes to take oare of the bonds un- cent of tbe amounts applied for.
til the end of the year, it being bound to bay if necessary a
The following return shows the position of the Bank of
stipulated portion. The syndicate of banks naturally is ex- England, the Bank rate of discount, the price of consols, &o.,
erting itself to make the issue a succesa. The loan will be compared with the last three years
1908
1903.
iec5
1904.
brought out simultaneously in Germany, Rassia and HolJan. 9.
Jan. 7.
Jan, 4,
Jan. 0.
land. Preparations are being made for the loan both in circulation
29.187.fl70
29.776.620
28,fil4.870
28,607.723
12.MH6448
10.401,420
7,«6i*.712
10,131,498
Public deDOSltS
Paris and in Berlin, and therefore there has been a good deal Other deposits
41,07J!.M04
41.105 125
44,0i0,»64
47 4tO,77«
2«.n400^6
S!0,8'2.839
2a.23i.7h4
20.40«.87i
Oovernment securities
of selling of other securities, which accounts for the decline Other seoorltles
296^4,S46
37,187,818
I!8.8l:<.7e5
SMaA'^*!
21,6.4.853
j«,oW4.60t
a0.tf8!,807
lU.snZiS
Reserve ot cotes and coin
in quotdtions as the week has advanced.
30,707, tid4
S3,02&,278
2B.»-rt.0i*3
Coin & bullion, both departm't* 31. 189.532
41«
SS%
97^
In Paris investors are not only preparing to subscribe for Prop, reserve to liabilities, p. c. a4 15-16
Bank rate
percent.
»8«
^7 5-16
88»16
«8M
the German ibsue, they are preparing likewise for their Consols 2>i per cent
225-ind.
25'^d.
26 13-l«d.
?83-iad.
Silver
276 940,<i'.0 240,«07 000 230,418,000 209,820.000
CloarinK-lIouse returns
own issue, which will amount to about 32 millions sterling.
Tne ratus for money have been as follows
1)1 addition there are several home loans coming out.
For
Inttrtti iti<eM«4
instance, the Djpartment of the Saine Is about to borrow.
Oy«n Market Rates.
/or(lei»o»Ui6»
opinion in Paris is that once the loan in Germany is London
The best
Jradt BUU Jotni Mt'tH't.
ifdtnh BiUi.
plaoad, there will be an improvement, not only in Germany
atoch At 7-14
iMontht.l i Monthn 6 Months. a Mot. 4 JtfOI. BanTif 'zh Dayi
but in France too, ami that baaineas, therefore, will become
iH
IH 2
2 1«-1«® 'J< 2 1S-16®2^<. J13 1«®8%
Deo. g
much more activa.
ih 2
2 LS-lx^i-^ 2 13-16@!iJ« i 13-16tfl>''.T*
8@3X
1«
In Germany the preparations for the Russian loan have
ik 8
»H
ZU&'Z 15-I6|
2%
2)
2
a}4
8
lU,
8®3H
2H(^i 11-16 2Hd>2 11-16 mi»2 11-16
likewi&e checked basiness, there being a gosd oeal of selling
30
8
IH 2
-.iT-lH®!^
2 9-10®^
2M
2M
2«
6
Jan.
by persons who desire to participate iu the issae. Trade
SSI
8*4
:
m
I
:
:
THE CHRONICLE.
Jan. 21, 1905. J
The Bank
H6
:
and open market rates
rate of disconut
chief Continental cities have been as follows
203
finelisli
at the
Financial niarliets— Per
I»NDON.
:
Jan.
Bank
Oi>«n
Batt. Markc
pavf
Berlin..
5
6
HamburK
6
5
f«
SH
6
3«
2«
2«
s%
s»
8
3H
BroMeli
7lenna
Shi
3
at.Peteribnrg.
an
nom
Madrid
Oooenhasen.
4M
4H
.
&
Bank
6
S
3
6
5
4
2 13-16
8
3
3M
6
3
3
SH
5«
4»
4K
iH
8
4«
3
8«
nom.
8
4M
iT^S
88ifl
88618
8838
885,.
8fcB,6
89%
5%
89%
9815
Hi
Abell write as follows nnder date of
January 5, 1905:
Gold— with slightly
better demand from the Continent he price has
advaroed a little, and all the arrivals have been taken. ATl^.OOO has
reached the Bank, of which £500,000 Is for accoant of the Indian
Currency DepHrtment and £200,000 from Egypt. South America
h«8 taken £190,000. which is ihe sole withdrawal. Arrivals* South
Africa. £387,000; India. £808,OOP; Australia. £27,000; West Africa,
£16,000. Total. £1.038,000. Shipments: Bombay, £45,800; Colombo, £2,1500; Calcutta, £25,000. Total, £72,000.
Silver— Prices have fallen during the past week to 27i5,«d. for cash,
and 27iad. for forward delivery, owing to the New Year holidays and
selling on Far Eastern account, coupled with some profit taking. The
market oloces steady 8t the quotations. The Indian price Is Rs. 7138
Arrival?: New York, £l27.00r; Australia, £10,000; total, £I.S7,C00.
Shipments: Bombay, £331,200; Calcutta. £32,OoO; total, £36'?, 200.
Mexican Dollars.— With no supplies offering the quotation continues
qnite nominal.
89%
6%
6%
90%
IMPOBT8.
974,659
947,248
19,914,819
8,762,280
Supplies available for consumption
I3714
'3738
49%
80%
24
179
37 14
33
37%
Indian
Flour
826.401
651,101
15.337,100
4.359,420
com
on September
1903-4.
1908-3.
7,330 525
8,872,709
8.762,280
7,568,124
48,859,911
Avpr.prloe wheat, week. 308.
Average price, season.SOs.
44.
2d.
49,337,607
45,770.500
268. 3d.
26s. lid.
The following shows the quantities
maize
afloat to the
Wheat
qrs.
Flour, equal to qrs.
Maize
The
qrs.
United Kingdom
Thi$ week,
2.465.000
140,000
680,000
8 010 600
10,834,265
1904.
670,000
IMPOBTS.
January
February
March
April
•Vlay
June
July
August
September
October
November
£
£
44.110,519
48,692,275
45,181,763
44,780.098
43,196,784
40,956,601
42,439,943
43,074,008
49,617,825
50,670,H46
Eleven months.. 498,523,697
1
8d.
4H4
41
41 1«
80
79''8
68i«
46,226,515
40,560,585
46,916,524
43,802,327
41,915.106
41,295.560
46,653,320
42,761,456
45,451,184
47,768,188
48,723,591
Name
of
490,603,123
43
82
96
Ot.
—232,652
-05
+ 3,549,934
+ 8-7
+ 3-8
+81
-(-1,7?5,781
+t)-8
—2,377,178
+4-6
-10-3
-0-7
-5-2
+I,7fi9,637
+ 1,947.^55
-^4•o
+7,920,574
+16
+1,901,234
—4,696,719
—3'/ 1.513
+37
have been as follows
24,083,365
23,894,813
24,251,796
23,484.834
24,332,089
24,069,770
24,783,582
26,359,880
25,928.659
36,113,288
24,903,636
22,775,436
25,108,194
23,136,373
24,327,026
23,271,960
25,876,545
25,664,884
23,316,751
25,861,180
23,037,793
-1,091,963
+ 694,996
+2 612,908
-417.493
+3,075.495
+ 11-2
-1-6
+ 13'4
Eleven monthB..272,745.763
266,277,778
+6,467,985
+2-4
March
April
May
June
July
Augost
Berttmber
October
November
Difference.
£
2.5,448,687
Per Ot.
-3-3
+4-9
+1,119.377
-3-4
—866,398
+348.461
+ 1-6
+5,063 +0 02
—820,271
+80
+ 1,797,810
—4-2
+2-7
The re-exports of foreign and colonial produce since Jan.
show the following contrast
1904.
Rb-expobts.
January
February
1903.
£
£
5,712,000
7,405.341
5,946,649
6,754,870
June
5,6.S8.9.'.9
July
5,293,714
6,378,489
4,771,996
5,661,373
6,713,065
6,067,718
6,138,328
5,458,363
6,589,064
5,943,663
5,860,862
5,666,618
5,854.912
4.981,573
6,3'i 1,457
4,805,279
El even months.. 63,881,642
63,786,607
March
AprU
May
Augusr
September
October
November
5,.S85,686
33%
68%
b8%
451a
146'^
441a
147
45%
81H
45%
I47ifl
811a
96>a
147i«
701a
70 14
43
47
451a
47 14
96
96
47
43I4
43ifl
68%
70 "s
42
47
43 1«
70
5914
3578
36i«
69 14
36%
36%
99
99
99
47
96''8
45i«
''O^
46
681a
68 14
35%
36
99
122
100 la
122
lOOia
3038
9579
22 14
4414
30%
311a
9678
221a
44i«
97ifl
22ifl
221*
70
45
47 k
45
991a
lOOk
Si's
961*
149
45
43%
99
1 22
122
100
123
99i«
31 ''s
144
24
241a
34I4
96I4
2>a
441a
70
t^9Vt
6»
Per
WTun
Cent Payablf
SookB CloMd.
(Days IncluHvt.)
&
Bnff. Bocb.
PittHb., com. and pref...
Chlo. St. P. Minn.
Om., com. and pref
Erie, 1st pref
3H)
Hreen Bay
6
<&
&
Western
3
2
Feb
Feb
Feb
Feb
Holders of
Holders ot
Feb 1
Jan 2U
Feb 2
Feb
Mar
h Mar
6
Mar
Mar
3
IS Feb
3
(extra)
A St.
Louis, Ist pref
2d pref
do
do (extra)
Sonlhern Indiana, pret
Street Railways.
Boston Elevated Ry
Dartm'tn <& We8tp.,N'.Bedf.,Mas8.(qn.)
Jacksonville (Fla.) Elec, com
do
do
do pref
Twin City R T, Minneap., oom. (qn.).
United Traction. Albany (qnar.)
Banlis.
i«
2H>
3
2
2
3
l"*
l",
!<
2
'2
Feb
Jan
Feb
Feb
Feb
Feb
Feb
to
to
to
to
Holders ot reo.
Holders of reo.
Jan 21
to
Jan 21
to
Feb
Jan
Feb
reo.
reo.
)
Feb
Feb
Feb
4
Hamilton, Brooklyn (qnar.) (No. 61)..
Nassau, Broi klyn
Fire Insurance.
4
Phenlx(No
1
Difference.
£
Per
Ot.
-356,718
—!>-f
+I,267,tl3
+ 488,296
+165,306
+20-8
+8-9
+2-5
—352,804
—191,893
-871,804
-476.423
-20^,577
—720,084
+907,786
+145,036
NOTB.-The aggregate figures are official. They Indicate that
adjustments have been made In the monthly returns as Issued.
-60
-3-3
-0-6
—8-1
-41
-11-2
+ 18-9
+02
slight
1
Jan 27
23
to
to
Feb 1
Jan 31
Feb 1
of reo.
Jan
Feb
Feb
Jan
Jan
Jan
Feb
Feb
Feb
Jan
Feb
Feb
1
Feb 27 Jan 27
13
Feb 2' Jan 27
23
Jan 23 Jan IS
31
l\ Feb 1 Jan 22
31
1\2 Feb 35 Holders of reo,
to
Feb
Jan 22
1
J
2
to
1
1\ Feb 1 Jan 24
do
do
to
1
2d pref. (qnar.)
IV Feb 1 Jan 24
Columbus Gas Light & Heat., com
31
Feb 20 Holders of reo.
4
Consolldaiion Coal
to
Feb
1 Jan 26
1
2
do
Jan 23
to
do (extra)
Feb
1
2
Electric Co. ot America
to
Jan 31
35c Jan 31 Jan 21
Fairmont Coal
Feb I
to
Feb
Jan 28
2
do
do (extra)
to
Feb 1
Feb
1 Jan 2>4
1
Internat. 8t'm Pnmp, pf (qn.) (No. 23)
Feb 1
to
IH Feb ) Jan '21
Jefferson & Clearfield Coal & I., pref..
Holders of reo, Feb 6
2\ Feb 16
•^^ Feb
Mnnlcipal aas. Albany, N. Y. (qnar).
Feb
to
1 Jan 23
National Carbon, pref. (qnar.)
Feb 27
to
l\ Feb 16 Feb 6
Omaha Water, st pref
2s Feb l"
t
Procter * Gamble, oom. (qnar.)
Feb \h Holders ot rec. Jan 31*
3
Pullman Company (qnar.)
Feb 1(5 Holders of reo. Jan 31
2
Tenn. Coal, Iron <fe RR., pref. (qnar.).. 2
Feb 1
to
Feb
1 Jan 23
Trenton Potterlew, pref. (quar.)
Jan 2( Holders of reo. Jan 19
2
Western Telap. <fe Teleg pref
to
Jan 31
1 Jai
22
2'ii Feb
Transfer bdoks not closed,
Payable to holders of certificates of beneto
to
to
to
1.,
Amer. Dlst. Telpg. of N. J. (qnar )
Amer. Light <fe Trao pref (qnar.)
Cambria Hteel
ChicaKO Edison (onar.)
Claflm, H. B., Ist pref. (qnar.)
*
1
,
13
1
i
,
I
flcial
interest of reo. Jan. 21.
AMCUtufi Stt<r<B-
>5
U.
ALcwsrsi AiUliui
Slocks.
1
1
1
Jan 31
On dem Holders
97)
IVIIscellnneona.
Amalgamated Copper (qnar.)
do
do (extra)
1
to
to
— Jan
J
1
19
19
Jan 24
Jan 18
2
to
ot rec.
Trust Companies.
City.
28
Jan 22
Feb
1
6
6
Feb 15
Jan 12
Feb 1
Feb 1
Feb 15
Feb 1
Jan 2i
.Tan 21
1
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Feb
to
to
to
to
Jan 23
Holders
A.
1903.
February
Bit
159ifl
148i«
Pacific (qnar.)
+ 1,379.436
+ 2,864,992
uek
43I4
147i«
7008
413e
German American
:
1904.
January...!
461fl
1471*
4338
8II4
4214
81>«
6414
63
160
44
33k
67 14
45i«
S3
88
79%
Z4i«
66I4
4&is
147i«
Northern Paclflo (qnar.)
Difference.
Per
79%
aaH
65%
Company.
7d«
1902-3
1,720 000
260,000
635,000
£
33
63
160
144 14
63
160
144
24
162
144
24
33
60 V>
do
do
N. Y. Chicago
do
do
of wheat, flour and
320,000
620,000
231a
1771a
88I4
177
88ifl
do
1903-4.
1,396,000
I7714
37 14
nnxre.
7d
278.
26s.
have been as follows
1903.
4,'5,998,R63
The exports since Jan.
1
Od.
41,345,565
:
Lcut week.
2,505.000
165.000
British imports since Jan.
268.
258.
50%
i!4
881a
41i«
Illinois Central
Total
24
13638
Railroads (Steam).
1901-2.
Wheat Imported, owt.37,9e8.400 33.007,203 29,767,266 22.600,701
Imports of flour
4,859,420
Sales of home-grown. 6,532,091
137 38
6II4
gpomtuerctal and SfttscgXlaueoxtslJlexug
1):
1904-5.
p»*r
105
99
3838
331a
8sia
(exclusive of stock
Peas
Beans
Price
Sk
891a
1031*
88i«
34
12008
lCOi«
Preferred
U. 8. Steel Corp., com.. 31i«
9b%
Preferred....
22 14
^Vabash
43i«
Preferred
Debpntnre "B"...
1902-3
7901 2
29,767,266 22,600,700
14,873,020 11,2«4,900
6,126,704
7,221.600
716,40i
695,639
882.142
837,000
11,261,018 15,l"i0.500
8,010,600
7.330,625
1904-5.
1903-4.
Imp'ta Of Wheat, CWt.37 ,968.400 33,007.203
Barley
10.744.600 15,032,957
Oats
4,636,000
6,882,165
608
897$
99
4lls
2d preferred*
Southern Paoiflo
Southern Railw., com..
Preferred
90%
£9
24
179
70%
Phlla. cS. Reading*
Ist preferred*
8&li4
885,e
88i«
88*8
97-981C 97 -92 la
Oti*
99
137%
49%
149
Northern Securities
Pennsylvania
27%
03^
99
106i«
98>t
137 1«
491s
Chesapeake & Ohio
OUo. Great Western... 231s
Chic. Mil. & St. Paul... 178\
Chic. Rock I. & Paoiflo. 3708
33
Den. & Rio Or., com
88ifl
Preferred
41>4
Erie, common
bOia
1st preferred.........
63%
2d preferred
16214
Illinois Central
Lcuisvllle & Nashville. 14414
24
Mexican Central
Mo. Kan. & Tex., com.. 33k
Preferred
659t
Nat.RR.of Mex.,lstpf. 44
N. Y. Cent. & Hudson.. I47i«
N. Y. Ontario & West-. 42(>8
81i«
Norfolk & Western
96
Preferred
Fri.
2713j,
104 14
104>«
IO6I4
103^
Thur$.
56«
90i«
103J«
9038
103 ifl
IO514
90>fl
CTnlon Pacific
The following shows the imports of cereal produce into
the United Kingdom daring the eighteen weeks of the season
compared with previous seasons
8c38
?8-12i« 98-25
98-15
Baltimore & Ohio
Preferred
Canadian Paolfle
29i
nora.
Wed.
^7i6ie
887i8
Anaconda Mining
& Santa Fe.
*H
*H
2«
i%
3H
Fr'oh rente8(in Farl8)f r.
Spanish 4s
Atch. Top.
Preferred
2^
4
6
nom
8
Messrs. Pizley
Open
2 0-16
4
8
8
S
3
8
Bonk
09*n
Dec. 17.
Oixn
Bate. Marke. Bat<. Markei Bat*. Market
m
6
Frankfort
Amiterdam....
Bank
ZH
iH
3
Dec. 24.
Dec. 81.
7.
Tues.
27U,«
Silver, per
Rat$$ of
Intereamt
Mon.
2'iiie
88!%
Sat.
ounce
d.
Consols., new, 2i« p. ots.
For account
liable.
135 Campbell Realty Corp.i^lO lot
245 Inter River Realty Con
Btrnorlon Co. ..
$50 lot
10 Bank of Wash'n Helghte.2.50
20 N Y. Mort <fe Secur. Co. 170
2C0 Standard Palp Co...f5 per sh.
8 B'kiyn City Safe Dep O().210
15 Nat. City Bk of B'kiyn.. 29&i«
50 Second Av. RR Co. (On.
by Mei. St. Ry. Co.)
209
100 Farmers' Loan &, Tr. Co. 1497
20 Nassau Bank
200
Co 220.5-22C5%
Back of N. Y..766
12 Central Trust
6 First Nat.
40 No. Pao Rt. actual Btk..l69ij
25 Amer. Exoh Nat. Bank 376
25 Cent Real-y Bd.A Pr.Co 676 k
8 Nat Park Bank
645
1 02 Srand. Bread Mach. Co.f 23 lot
80 Meohan. & Trad. Bank.. 145
d^
Stocks.
iSlu!i<^i
mjli
:
23 Bond <Ss More Guar. Or»..397i4
60 Nat Bk. ofGom. 23658 236
291
5 Greenwich Bank
16 Brooklyn Prnsi Co.. 4 25-426
866
1 Bowery Bank
210 Jonrneay * Bnrnljam... 29^8
50 Lawyers' Mortgage 0o..l90
1 United B-atesTrnst Co.. 1609
12 Metropolitan Trust Co. .636
995
10 Mercantile Tnst Co
Bonds.
$10,000 Fonda John. (feQlov.
RR Co Cons. Retuu. 4i«8,
110
1»47 J.&J
jpi.OOO Atlau. Ave. RR. Oen.
114i«
.«)*, 19.-«i
$ ,00 B'kiyn City & Newt'n
RR 5s, 19^9
II414
$25,000 Amer. Palace Oar
oIN, J. 1st 58, 1908. J..kJ. 1
>
204
THE CHRONICLE.
nNew
—
lork City (jieariug House Bauks. Statement of
condition for the week ending Jan. 14, 1905, based on averJage of daily results.
We omit two
BANKS.
!
Capital.
ciphers (00) in all uises.
Loans.
Legals.
Speeta,
\
Deposits Ee.
America
Phoenix
...
City
Chemical ..
Merch. Ei .
Gallatin
^But. & DroT
iMech.&Tra.
Greenwich
Amer.Exch.
Commerce..
^Mercantile.
Pacific
Chatham
...
...
iPeople'8
N. America
Hanover
...
Irving
Citizens'
;
..
[Nassau
|Mar.& Ftilt.
iShoe<feLithr.
iCorn Eich .
Oriental ...
Imp. A Trafl
Park
East RiTer
'Fourth
Second
First
N.Y.Nt.Ex.
Bowery
...
N. Y. Co...
German Ana
Chase
Fifth
Ave
..
jGerman Ex.
Germania ..
Lincoln
.Garfield....
(Filth
'Bk. ofMet..
.West Side..
[Seaboard
..
ilstX.Hklyn
(Liberty
Y.Pr.Ex
-New Ainst.
;N.
Astor
$
f
18.561,0
27,936.0
14.060,9
21.123.0
23.519,2
3.331.0
161.184,6
25.9H9,6
0,119,4
8,775,0
l,9o9,0
4,624,0
3,182,3
30,054,4
152,319.0
23.826,6
3.378.6
0,122,1
2,157,7
2,957,0
7,700,0
8.222,1
8,118,0
4,954,2
510,0
42,920,6
4,018.2
1,327,6
1,240,6
677,0
681,0
$
2,000,0
2,050,0
2,000,0
3,000,0
1,500,0
1,000,0
25,000,0
300,0
600,0
1,000,0
300,0
700,0
500,0
5,000,0
25,000,0
3,000,0
422,7
450,0
200,0
2,000,0
3,000,0
1,000,0
2,650,0
500,0
1,000,0
1,00«,0
2,000,0
750,0
1,600,0
3,000,0
250,0
3,000,0
300,0
10,000,0
1,000,0
250,0
200,0
750,0
1,000,0
100,0
200,0
200,0
300,0
1,000,0
250,0
1,000,0
200,0
500,0
300,0
1,000,0
1,000,0
500,0
350,0
2,600,5
2,471,2
l,4-'8,9
8,366,8
3,641,3
'261,1
17,003,0
7,701,6
375,6
2,233,0
127,6
384,6
537,7
4,139,8
11,667,4
4,484,2
631,7
1,081,3
418.0
2,049,3
6,774,7
1,091,4
697,'2
323,1
1,335,9
380,7
3,298,7
1,096,9
6,703,3
7,076.4
134,2
2,999,0
1,460,2
14,328,0
874,7
772,1
672,5
642,7
4,180,6
1,797,4
697,9
879,4
1,395,5
1,30^,3
396,0
1,440,2
l(i,777,l
49.665,9
0,636,0
17,439,7
2,728,5
6.820,7
7,356,6
28,568,0
14,808,0
254,1
3,99'2,2
1,132,0
19.173.3
1,048,2
421,0
1,047,3
705,5
12,098,9
2,005.8
4,'-i99,0
3,877,6
4.-,290,5
10,158.9
2:0,0
451,2
'2,390,9
2,065,3
14,240,0
7,401,1
2,531.4
9,219,5
6U,9
1,741,!)
1,724,3
511,1
1,050,6
6«1,0
3,022,0
630,0
2,025,0
;i,573,0
14,605,0
3.870,0
11,325,0
6,120,0
5,854,2
4,731,0
491,9
561,1
682,0
63S>,3
3,968,6
22,162,6
4,655,0
006,0
1,190,5
621,1
1,549,8
11,115,0
1,133,2
4,634,8
420,0
1,173,3
2,268,1
6,48i3,0
2,23'a,6
4,23-2,0
7,:;86,7
25,006,0
68,030,0
1,140,9
21,530,5
9,091,0
95,502,0
8.194,6
3,173,0
1,431,4
696,2
1,948.4
$
P.C.
$
1,739,0 3 7.904,0 26-2
2,586,0 34,993.0 293
1,373,0 17,608,3 26-0
3,116,0 2'2,675,0 27-4
2,497,4 26,823,6 27-7
108,0
2,725,0 24-8
9,588,0 165,214.9 31-7
1,970,0 25.24'J,0 2
592,6
6,938,7 27-0
554,8
6,816,0 204
94,9
2,768,8 27-9
670.0
6,303,0 25-3
892,5
3,233,4 '28-8
2,561,4 23,727.5 27-5
13,701,6 140,133,0 25-5
1,432,8 21,758,0 27-9
459,6
4,379,9 24-3
fc9.i,l
0,679,0 31-3
310,1
2,792,4 29-7
2,200,1 15,891,7 '24
4,759,7 00,900,1 26
697,1
6,371,0 27-1
1,318,4 21,810.8 20-8
400,3
3,537,4 231
683,6
6,804,9 •27-0
440,0
9,298,1 '^91
3,888,0 35,505,0 26-3
503,5
8,342,4 32-8
1,537,0 22,897,0 ^5-1
6,846,0 79,266,0 27-2
210,7
1.508,0 30-8
2,686,3 24,869,8 26-8
1,907,0 10.316,0 29-4
2,816,4 87,684,5 25-1
409^
7,786.1 20-4
362.0
3,666,0 21-0
623,0
5,921,4 26-5
199.9
8,829,9 23-6
1,778,3 54,012,3 25-6
298,4 11,419,7 25-9
846,0
4,839,1 2R0
684,3
6,356,4 21 '2
2,191,9 15,828,0 2; 8
315,9
7,794,7 200
157,0
2,688,6 24 8
1,019,7 11,097,9 24-0
424,0
4,1'20,0 20-3
1,460,0 17,062,0 20-3
980,0
4,405,0 3(;-o
249,('
9,017,0 23-6
400.4
503,5
301,0
975,8
1,354,4
928,0
.0,595,5
•24-t)
7,191,1 25-8
4,783,0 26-7
Total... 115,972,7 135,482,5 10043308 215,59i,4 88,657,9 11191001 27-1
i
t
b t
Total United States deposits included, $22,530,300.
—
Reports of Non-Member Banks. The following is the
I
statement of condition of the non-member banks for the
—"".7
We omit
1
tvjo
tal.
plus.
Jnvest-
Specie.
-
De.
Circu-
posits.\
Legals.
lation.
62,6.^5,4 182,372,0
18,681,0
19,980.0
20,112,0
52,635,4 184,381,0
62,635,4 189,180,0
48,107,1 214,0,S6,0
6,884,0 215,302,0
0,950,0 2'27,389,0
7,079,0 227,562,0
109,614,7
173,478.9
162,861,3
252,786.0 11,986,0
€3,714,0
7.378,0
105,851,1
7,392,0
7,4<Jl,(i
Jan 7 48.167,1 213,023,0
67,284,0
257,7'2S,0 11,979,0
123,917.4
Jan 14 48,167,1 213,792,0
09,037,0
258,690,0 11,950.0 128,951.6
t Including for Boston and Philadelphia the item " due to other banks,"
and also Government deposits. For Boston these Government deposits
amounted on Jan. 14 to $3,672,000 on Jan. 7 to $3,745,000.
;
Imports and Exports for the Week.—Tlie following are
the imports at New York for the week ending for dry goods
Jan. 13 and for the week ending for geneml mercharidifie
Jan. 13; also totals since beginning first week January.
FOREIGN IMPORTS.
For week.
1905.
Dry Goods
General Merchandise
Total
Dry
1903.
127,174
10,282,376
$2,848,408
9,005,193
$3,092,560
6,981,654
$2,638,350
8,389,485
$11,853,661
$10,074,214
$11,027,835
$6,397,251
20,926,352
$5,120,185
14,495,712
$6,535,680
17,078,818
$5,891,567
17,476,009
$27,323,603
$19,015,847
$23,659,498
$22,807,633
,<f3,
1.
General Merchandise
Total 2 weeks
The imports of dry goods
for one week later will be found
our report of the dry goods trade.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending Jan. 16, and from January 1 to date.
in
NEW YORK
EXPORTS FROM
FOR THE WEEK.
^,
1905.
For the week
Previously reported.
1904.
1903.
1902.
$10,080,269
9,225,597
$9,787,293
10,207,530
$10,834,299
13,352,072
$12,704,270
9,096,071
$19,305,866
Total 2 weeks
$19,994,823
$24,180,971
.$21,800,941
Note. — As the figures of exports as reported by the New York Cii.stom
House from week to week frequently show divergence from the monthly;
totals, also compiled by the Custom House, we shall from time to time adjusts
the totals by adding to or deducting from the amount "previously reported.":
The following table shows the exports and imports of
specie at the port of New York for the week ending Jan. 14
and since Jan. 1, 1905, and for the corresponding periods iai
1904 and 1903.
j
&Bank
Colonial
Columbia
..
14th Street.
Gansevoort.
Hamilton
..
Ml. Morna
Mutual
19tU Ward .
Plaza
Riverside ..
State
12th Ward
23d Ward ..
Yorkviile ..
.
Fidelity
Jetlerson
..
$
ffi
264,8
318,6
120,5
657,0
606,3
40'A0
89,3
140,4
114,4
221,7
2,8ti0,6
215,9
253,0
109,3
707,2
1-0,5
111,0
298,9
120,2
328,105,
Century ...
Wash. Hgts
United Nat. 1,000,0
'.i
141.1
137,7
Consol. Nut. 1,000,0 1,117,2
Union E.^cch 750,0 620,2
02.5
Chelsea lix.
100^
Moroui/h
NEW YORK
Imports.
Other Deposits
Agent. Bks.&c
4,976,0
3,007,0
fe6.j,5
2,163,9
1,905,3
3,636,8
2,497,0
2,504,2
2,984,6
'2,305,6
3,430,0
1,282,7
7,713,0
1,709.0
1,628,9
4.010,.-
2,212,5
It 3,
'2,
$
$
16,6
26,5
30,1
81,3
31'J,0
343,3
20,0
90,4
15,4
172,0
14,0
152,5
34,8
28,5
208,0
24,2
484.0
48,0
55,8
134,9
238,6
37,3
23,5
29,8
23,0
254,2
199,0
41.3
49,2
94,7
132.8
143,3
128,8
95,7
269,9
204,3
lii3,0
105,6
191,0
160,0
164,3
$
79,3
34.8
42,1
454.7
294,0
252,7
70,3
262,8
107,2
181,4
202,6
209,8
172,0
307,3
277,0
9
$
3,5
525.2
589,6
485,4
3,655,0
5,169,0
225,0
'2,2'28,0
25,4
68,9
364,9
60,0
68,1
310,0
100,6
56,7
56,9
155,8
803,5
2,068,4
•2,079,4
4,081,1
2,003,8
3,203,4
3,119,9
2,830,5
3,087,0
1,644,0
82,8
228,6
!'2,7
205,9
452,0 1,750,0 10,0(;3,0
200,0
2,219,0
175,8 222 4 '2,133,5
889,0
960,0 6,437,7
88.3
1,301,7
224,0
108,0 3,491,4
175,0
16i.6
29'2,5
311.1;
Brooklyn
0/
.
..
Mfrs.'Nat..
Mechanics'
Merchants'.
Nassau Nat
Nat. City
North
..
Side.
Peoples
17th Ward
.
Spra^ueNat
Union
Wallabout
Borough ...
.
350,4
172,9
585,4
409,2
150,0
300.0
252,0
500,0
100,0
300,0
300,0
100,0
100,0
100,0
200,0
200,0
200,0
03,0
700,8
598,3
169,7
181,8
95,3
245,4
113.0
94,0
96,2
100,0
1,826,8
2,332,3
31,6
22
1
3.559,5
7,418,8
128,4
286,7
212,3
1,308,-4
29,1
5,445,0
3,120,0
1,262,3
200,0
158,0
1,70:^!.
806,1
17,7
82,5
12,7
145.0
64,4
48,4
115,5
858,9
51,3
400,0 1,082,3
4,402,8
177,6
260,0
660,9
'2,134,2
101,0
2.50,0
'261,9
200,0
294.4
1,059.1
1,397,9
110,0
538.2
160,7
2,901,3
1.204,0
100,0
1,04",
699,9
1,3>'6,0
1,133,7
70,5
Great Britain
France
.Since
celc.
J an.
1.
Week.
Since Jan. 1.
"-U.-iOO
76,5
207,7
090,7
200,4
577,7 1,102.5
84,0
135,0
503,0
727,0
349.0
942,0
87,0
37,1
125,1
95,9
68,3
25,6
108,9
25.4
246,0
107,3
37,4
10,0
34,7
„
.,
122,9
61,4
100,5
103,5
28,0
108,0
200,7
135,3
58,9
35,0
430,8
89,0
91,3
79,3
1,884,2
2,455,3
2,073,2
4,409,0
9,318,8
1,557,4
5,700,0
4,158,0
1,383,8
1,878,0
741,3
1,332,0
l,5i8,3
832,3
1,686,188
224'812
4.000
1,025,000
254'812
7,000
2,875,000
$2,718,130
95,300
$4,824..^.O0
.^20,i-20
300
179,891
27,314
3,073,401
28,064
$707,825
$1,100,588
"i',492
"ilsoij
"$696
2"l"5,500
—
.-lii.eoo
862,818
Mexico
South America
5,664
687
12,239!
087!
.'=^7,046
$13,621,
42,976,
79,716^
"S423
Total 1905
Total 1904
Total 1903
$3,923
3.558
21,545
1,300
All other countries
42,190
1,300
5,8iil
.$53,304
3,698,659:
293,310i
.Silver.
Great Britain
France
„
Germany
West Indies
.
Mexico
South America
.$695
Total 1905
Total 1904
Total 1903
$709,317
1,247,860
4'24.895
$1,380,398
2,002,310
1,399,989
17,257
65,133
Of the above imports for the week in 1905, $3,375 were
American gold coin and §695 American silver coin. Of the
exports during the same time, $1,656,500 were American gold
coin and %
were American silver coin.
Auction Sales.
—See page preceding.
Spencer Trask
&
,
Co.
Monthly Descriptive List of High-Grade
INVESTMENT BONDS.
Richmond.
lBtNat.,S.I.
800,9
Jersey City
YiTut Nat...
327.0 2,391,7 1.513.0
Hudson Co
.
Second Nat.
Third Nat..
397.2
281,2
089,8
284,7
70,1
40,3
82,1
17,4
05,7
176,4
50,0
64.4
58,0
1.09,7
7,100,8
:o,3
2,153,8
1,129.9
4,9
'2,037,1
608,5
70,0
Transact a general bankincr business and execute
stock and bond orders upon the
New York Stock Exchange.
Albany, N.Y.
William and Pine St?., New York.
Branci Office,
3.r!2.'),2
Moffat
HonoKEN.
First Xat...
Second Nat.
125,(1
1)3,5
1
All other countries
Borotir/ho/
National
It
Clear'g
BroolcLyn.
Broadway
Gold.
Germany
West Indies
$
100.0
300,0
100,0
200,0
200,0
250,0
200,0
200,0
100,0
100,0
100,0
200,0
100,0
100,0
200,0
400,0
100,0
100,0
1902.
$13,409,550
,
Since Jan.
Goods.
1904.
EXPORTS AND IMPORTS OF SPECIE AT
N. Y. City.
Boroughs o>
Manii:Br'nx
Clearings.
Jan 14 251,465,2 10643368 215,691,4 88,037,9 11191601 43.020,1 1,776,528,7
Boa.
I>ec31
Jan 7
Jan 14
Pbila.
I>ec31
Net
Leg. T.
Holes.
VI cuts.
&
Wh
i
te
,
JKcmbcrH New Vork Stock Exchanne,
1 xNASSAU STREET, CORNER WALL,
l,32i).4
f
I
Specie.
civh ers COO) in all cases.
Siiir
•
Loaas.
liXPOKTS.
Capi-
OOs omilted-
;
ciphers (00) in all these figures.
N.Y.
Bee 24 251,455.2 10574302 210,405,5 78,370,6 10941155 42,866,9 1.030,795,4
Dec 31 251,455,2 10607012 208,554,8 81,140,9 11040491 43,145,3 1,:^82,020,7
Jan 7 261,455,2 10097427 203,684,0 85,216,4 11091ti8e 43,172,4 1,855,423.8
Deposit with
BANKS.
'
Capital &
BANKS Surplus.
S'Kf
$
ilechauics'.
City, Boston and Philadelphia Banks.— Below
a summary of the weekly returns of the Clearing House
Banks of New York City, Boston and Philadelphia. The New
York figures do not include results for non-member banks.
We omit two
OOs omitted.
Bk. of N. Y.
Maahat. Co.
Merchants'
Mew York
is
<
SurpltLS.
LXXX,
[V'OL.
Tot. Jan 14 102370 127077 1038807 4,683,7 6.301,4 14204;; 8,077,7 1202582
Tot. Jan V 102370 27077 103.4070 4.548,3 ii,2:-;i,3 141776 8,712.6 1201746
Tot. iJctSl 102370 127677 10233'28 4,604,7 0.090,0 145402 8.345,5 118:;427
AcalerH in Investment Securities.
;
ToU
5Sac-J«il Corllandt.
Teieptione Siock.» a
S;>c'<.uj!(r.
THE CHRONICLE
Jan. 21, 1905.]
A
"^mxluxs^ ©a^jette*
For Dividend!
id page
203.
WAIili STREET, FRIDAY, JAN. «0, 1905.-3 P. CII.
The Money Market aud Fiaaneial Sitnation.— The volume of business at the Stock Exchange is largely in excess
of that of last week. This increase is due in part to activity
in certain issues for specific reasons, as noted in our review
of the stock market below, but as it is most conspicuous in
the bond department, a larger investment demand is sugPerhaps a somewhat better feeling prevails than of
late, the evidence of which is seen, as usual, in a less
restricted market for securities.
Higher dividend ra es are sufficient to account for some of
the increased activity, as well as an advance in the prices of
a few issues during the week; but in other cases, notably
that of Readicg, the cause is not so apparent.
The gold movement is beginning to attract attention, it
having been announced that all the bars tbat will be available for some time to come have been engaged for shipment
Accompanying this announcement are slightly
abroad.
higher call-loan rates, and in view of the present state of our
foreign trade, which shows a considerable increase of imports as well as decreased expor s, it is not surprising that
the movement of gold should be watched with in'erest.
The open market rates for call loans on tlie Stock Exchange
during the week on stock and bond collaterals have ranged
from \\ to 3 p. c. Today's rates on call were 2@23>^p. c.
Prime commercial paper quoted at 3J^(@4 p. c. for endorsements and S%(d4: p. c. for best single names.
gested.
The Bank of England weekly statement on Thursday
showed an increase in bullion of £1,280,543 and the percentage of reserve to liabilities was 46*79, against 44'52 last week,
the discount rate remaining unchanged at 3 per cent. The
Bank of France shows an increase of 11,3.0,000 francs in
gold and 3,150,000 francs in silver.
HUW rOBK OIXT OLBABIMChHOCrBE BANKS.
JDijfftrtnets
ii>05
19C4
Jan. i«
prtiHcus %»t*k
$
Beserre held
..
p. 0. ot deposits
Jan. 17
S
A
Sf
IfiOP
Jan. 16
9
Okpitkl ............ 115,972.700
iSHrplus ...........
136,482.600
discounts 1,064.336.800 Deo'Moii'.eoo
Iioans
162,300
43.u20,100 Dec
Olrovlatlon
*1,1 19,1 60,100 Ino 9,991,600
Net deposits
..........
216.691,400 Ino 11,907.400
Specie
Legaltemders
88,667,900 Ino 3,441,600
»04,249,300 IBC 15,348,9»(;
279,790,026 Ino 2,497,876
941.288.6)0
181 67e,10C
76,819,8 >C
102,261,900
121,964,800
886,054,100
46,600,300
901,111,900
168,241,400
77,263,700
268,498.900
236,317.150
246,496 100
226,277,976
116,673,70(.
132,646.900
934,396,600
43,777,01)0
20.217,126
24,459,276 IBC 12,851,026
23,181,760
SBxplus reserve
« 922.630.300 Onlted States ieposite \aoludea, jigAlast $22,791,200 last
week and $36,885,100 ttia oorreaponfling week oi 1904. With these
United a5»te8d9po»n8eUmlaatea,tneaurplu8re8ervewould be <30,091, 880
on Jan. 14, and 917.306.050 on Jan. 7.
jloxs.— Beturnsol separate banks appear on thepreoedin^paKe
Excliangre' —The
market was moderately active
Foreign
and generally strong this week, influenced by a good demand
for remittance and by a light supply of bills. Gold exp rts
to Paris, $1,273,377 46 bars and $500,000 coin; to Argentina,
$875,000.
To-day's (Friday's) nominal rates for sterling exchange
were 4 85i;^(a4 86 for sixty day and 4 88@4 88^^ for sight. Today's (Friday's) actual rates for sterling exchange were
4 8530@4 8540 for long, 4 8765@4 8770 for short and 4 8795@
Commercial on banks, 4 8510@4 8520, and
4 88 for cables.
documents for payment, 4 843:^@4 853^. Cotton for payment,
4 84>:^@4 84%; cotton for acceptance, 4 8510@4 8520, and
grain for payment, 4 85%@4 85 1|.
To-day's (Friday's) actual rates for Paris bankers' francs
were 5 173^@5 16^t for long and 5 15t:@5 15* for short.
Germany bankers' marks were 95t@95 for long and ^S^gf
@95% for short. Amsterdam bankers' guilders weredOigll®
40 3-16t for long and 40%**@403^TI for short.
Exchange at Paris on London to-day, 25 f. 13c.; week's
range, 25 f 14c. high and 25 f. 123^c. low.
The week's range for exchange rates follows:
.
-Long.-
aterUng Actual—
'9 4 8540
Hish... 4 8630
'9 4 8630
Low. .. 4 8620
-Short.-
I
j
I
|
4 8770
4 8766
-a 4
-9 4
-Cables.-
8776
8765
I
4 8796
4 8790
Pari* Bankers' Francs—
'9 5 15*
'3) il&ft'
6 17^t
6 15*
'& 6 16*
Low... |6 17»s'
'»6 17'a
6 16'^
Germany Bankers' MarksHigh...
96
® 96ii«t
B67ut '9 957i8
'3 9533
Low....
'» 96
96t
96»»t
Amsterdam Bankers' ©uild#r«—
HlKh...
40J,Tl
40%'*
a 40»i6l
Low... .
40>««* a 40i«1i
40%** ® 40HT1
....
Less: *iieotl%. \i»90tl%. *»»aofl%. Plust Till6 0tl%.
High...
I
If
9
4 8806
4 88
I
i
I
I
I
I
I
I
I
I
205
1
1
011%.
The following were the rates for domestic exohange on
New 7ork at the under-mentioned olties to-day Savannah,
:
buying, 50o. per ,$1,000 discount; selling, 75o. per $1,000 premium: Charleston. 12J^o. per |1,000 pretnium; New Orleans,
bank, 40c. per $1,000 premium; commercial, 15o. per $1,000
premium; Chicago, 25c. per |1,000 premium; St. Louis, 40e,
per $1,000 premium; San Francisco, 75c. per $1,000 premium.
State and Railroad Bonds.— Sales of State bonds at the
Board include $1,000 Virginia fund, debt 2-3s at 97i^, $150,000 Virginia 6s deferred trust receipts at 15 to 16 and ,$10,000
Tennessee settlement 38 at 96^.
more active market for railway and industrial bonds
suggests, as noted above, an increasing investment demand.
The transactions have been better distributed than usual,
but were still heaviest in low-grade issues.
Union Pacific convertible 48 continue the most active
bonds and, following the course of the stock, advanced over
Chicago Terminal 4s, coupons off, have been in
2 points.
such demand as to cause an advance of over 10 points.
American Tobacco issues were in request at steadily advancing prices. Seaboard Air Line gold 4s, Burlington & Qaincy
joint 4s, the Rock Island and the Erie issues have been prominent for activity and strength.
Uiiuted St.»te? Bo»*ii».- Sales of Government bonds at the
Board include $3,000 3s, coup., 1908-18, at 1C5^; $1,000 4s,
and $3,000
coup., 1907, at 1051^,
The
4s, reg., 1907, at 1153^.
following are the daily closing quotations; for yearly range
see thtrt page following:
Intirsst
j8,18SC......,.re8l8ltjrea
.......coupon
88,1930
Ss, 1930,smaJ.r65i8tered
as, 1930, small.. ..coupon
...registered
38,1918
coupon
18,1918
Is, 1918, small.reglstered
(8,1918, small.. ..coupon
.registered
48, 1907
coupon
48. 1907....
registered
48, 1986
1986
As,
Jan.
Jan.
Jan.
Perio&s
14
16
17
Q— Jan
Jan.
18
Jan.
19
Jan.
ao
*104»8 *1i'4H '10438
*104%
*104»8 •10438 '10438 *104% no4'^
* 10439
Q-Jaa 10438
Q— Feb
*i03»4 *i03»» 'i03»i *io3»« *i'03»4
*104ia *104»« 1061a *lC4ia *104i9
Q-Feb *1C4>9
Q-Feb
Q~Peb ncih
mii
*i04i«
*i04'«
*\'6i\ *ic4'4
*i06ia
n06><j 105112 '1051a
*106>« *106»<i *106', 106 'i *106itj
*180>fl *180Wj *1S0>« 'ISO's 'ISOSg
coupon
"IBlis *131l2 181>a *181ia *i813a
the price hid at the momlnz board; uo s«i< was maafa
Q— Jan
Q— Jan
Q— Feb
Q— Feb
*106is
*180>4
*181l4
THIS 18
Railroad and Miscellaaeoas Stocks.— The stock market
continues decidedly irregular but is again more active, the
transactions on Wednesday amounting to nearly 1,400,000
shares. A few issues have steadily advanced throughout
the week, some have declined, but more have moved within
narrow limits and close without notable change.
Reading led the upward movement by an advance of 10
points to the highest quotations in recent years. St. Paul &
Omaha advanced 25 points on an increase of its dividend
and North West., under the same influence, moved up 11
points.
Pere Marquette, which sold at 77 within two weeks,
has advanced to 94 on the guaranty of a 5-per-cent annual
dividend bv the C. H. & D.
Industrial shares have generally been neglected. Ameri
can Steel Foundries was conspicuous for an advance of over
9 points. After moving up 2^ points, American Sugar Refining has lost more than half the gain. The iron and steel
issues have been relatively strong.
For daily volume of buai' ess see page SI4.
The followins: sales have occurred this week of shares not
represented in our detailed list on the pages which follow.
STOOKB
Amer
Afrrloul
Range for year 1904
Wetk
Chem
new
pret
Assoc Merchants, Ist pr!
Buflf Roch
Pitts rights
Jan 19
400
21
720
430
100
Am Tobao, Morton Tr Co
rects for
B»nge for Wselt
for
W*»» JBnding Jan. 20
94 Jan 14
98i<Janl7
6 Jan 20
21
Van 16
94 Jan 16
96 "a Jan 17
13
Mai
83SNOV 96 Dec
90 Oct
Jan 20
Canadian Pac subs st pO 1,200 ISO^Jan 16 iSOiaJanie l'26iiDec
Cent A 80 Amer Teleg..
26 118 Jan 20 118 Jan2i; 102i4Ang
ChloBnrl<fe Qaincy
31 210 Jan 16 250 Jan 20 181 Jan
Ft
4 Denv C, stmpd.. 500 44 Jan 18 46 Jan 18 38 Dec
Seneral Chemical
100 6734 Jan 18 673«Jan 18 43 Mar
H. B. Claflln Co
30 100»«Janl7 10034 Jan 17 97 Oot
Homeatake Mining
60 78 Jan 18 73 Jan 18 49i«Mar
Knick Ice (Chicago)
200 10 Jan 16 10 Jan 16
8 Sep
Preferred
•<i00
61 Jan 16 61 Janle
48'DJan
Manhattan Beach
91'^ Jan 16
9i^Jaii 16
100
6"flMar
Nat Enam ife "Stamping.
900 18>4Jan20 20 Janlh 14 Sep
N Y (>ock Co. pref
236 68 Jan 19 69'4Jan 19 40 Apr
New York & Harlem
100 400 Jan 17 400 Janl' 409 J'ue
N Y & N J Telephone ...
80 il67 Jan 20 163 Jan 20 140 Feb
P JjoriUard, pref
20 120S4Jani7 122 Jan 17
QulcksilTer Mining
li^Janlt
\J'ne
ISO
l>4Janl^
&
W
Securities 111 Cent']
stock trust certlflcatee
United Fruit Co
120 92 Jan 14 92 Wan 20
100 106i<2Jan 17 106HiJaB 17
8OOI 10>qJanl4 10SJanl4
Vulcan Detlnning
96
Dec
5
1
BB
24"8Dec
127»iDeo
130 Deo
2t0 Deo
64
60
97
Feb
Deo
Oct
'(gisDec
la'sOct
66 Oct
MisJay
23iaNov
60 Deo
415 Oct
leS'^Deo
3iaNov
Feb 93 May
Feb 112i2J'ne
2011 Nov
n Deo
86
96
—
Ontnide MarkHt. Northern Securities continued as the
most prominent feature of the market for unlisted securities
this week, rising again to a new high record.
The price has
risen from 1433^ to 1^1%, the highest price yet attained; the
close to-day was at 147^; about 100,000 shares changed
hands. There has been a curtailment of interest in Interborough Rapid Transit; after an early advance of a point to
191, weakness developed, which carried the price down to
185^^; the last sale to-day
was
at 187.
The new common
and seornd preferred stocks of the Seaboard Air Line
made their first appearance this week; the common sold up from 18}^ to 22^, with the last
sale
at
preferred
brought
the
second
48;
22^;
the old common declined from 11% to 165g, but to-day it
rose ta 18; the preferred dropped from 37M to SSfg, recovering, however, at the close to- day to 37. After a gain of a
point to 642, Standard Oil receded to 635. There was a sharp
break on Tuesday in the prices of the United States ^-hipbuilding Company stocks; the common dropped from 26 to
21 and was offered down as low as 18Jg: later it recovered
to 26 and ends the week at 25; the preferred fell from
853^ to 80 and was offered at 75 without sales; subsequently
it rose to 89.
International Mercantile Marine common advanced from 11^ to 14ir^ and clcsi-s today at 135^; the
preferred gained 214" points to 31 14; the final sale to day was
at 31. Liberty >"^ilk rose 9 points to 51. Greene Consolidated
Copper ran up from 25^^ to 28i8. hat later reacted to 26^,
closing to-day at 26/^.
Tenne.-see Copper adviuced 3)^
points to 36 and ends the week at 35.
Outside quotations will be found on page 214.
New lork
Stock
Exchange— Stock
Record, Daily,
OCCUPYING TWO
STOCKS— HIGJiKST AND LOWEST SALE PHICES
Jfondav
Jan. IS
Saturday
Jan. 14
31
62
87^8
35
66
88 w.
IOII8IOU4
123 123
103»8l033<
96 »a 9t)'-.
61 '8 62 14
*\bi.
155
155 165
88
•31
'62
88
101
*()S»a
"^4
701.
•191 193
48 Vj 48»
4ia» 42
83
83
143
l;!()
22»B
•84111
»tid
1(12 15
964
e?"*
10336
97
62 1« 63 7p
155 155
155 165
8834
883.,
13334 1345s
'6^'
71
19134 191 '4
48 14 48^4
4134 42 14
143
130
2318
231*
87
8808
10114
122^123
88-''4
133^ 134
35
66
2334
•84 4 85 4
•66
70
S5\ 3434 354
35
173^8 lV5i%
173«8l76
*1^3 185
183 186
207 1*209
207 20814
237
237
•148 155
151 151
185 195 '185 195
lOVi
20^4
12
10^4
10
21
12'i
2014
1134
20I4
1214
48
48
90
120
•36
23
G2
37
184
183 Hi
't
SH^-j
86^4
80 14
34»g
Si
26^4
40
78
6ia«
•70
*h5
250
20
•89
1014
23
23
6^8
6«ii
354
35
7612 77
13
678
36«8
1-.;
16
14
2d>4 2914
1334
62 14
73
90
257
20^4
2034
10241034
72»8 72i«
85
90
260
87
250
87
21
-90
21
91
93
9334
157*8
•5512
56ia
'82I4
28iu
37 Kj
82 12
29
531-i
534
17
51
37
100
•295
'57
63
1397,141
169^4 171
76 14 7739
117 117»8
23 14 24
130 140
58iia 69
85 90
941.^
94
150 150
3216
32
63 1^ 63 's
106 i-j 107 4
139 139
43
44 le
231a 23 4,
143 144
•42
45
•110 120
76=14
41 14 41^4
79 "-J 'i9'8
92
92
•78
79
•100 105
•84
87
13738 13734
•28
31
•76 '^ 7734
'102 108
80 14 807,
92
92
84^8
29
30
56
•55
s?"* 3714
82 >« 821,
284 28^8
5334
53
13 17
•47
51
344
95
57
38
102
295
20=8
III4
23
64
23
27
3534
7738
14 4
773^
-28
63
61H
72
14 4 1434
283,
28
1434
77 4
4034
7838
6214
3934
em
61
71
14
72 4
85
90
245 260
21
•89
6!%
36
77"^ 78
35
73
-85
28
618
7
354
90
254
216
21
214
86=8 90
214
904
924 924
!«
102^4 1033^
Baltimore <& Ohio
964 964
Do pref
614 624 Brooklyn Rapid Transit..
'154 160 Bnffalo Roch. & Pittsb'g.
'155
165
Do pref
89
49% Chesapeake
49
41
14
*»()
130
42
83
143
23%
2278
•85
•65
87
68I4
Chieag'o
'-4
<fe
48
14041414 14041414
16941704 169 16908 I6914I70
1^'%
77
76
774 764 77
11614 11738 117 11836 11641174
23 14 24 14
23 14 2334
234 24
130
140
59
85
93
149
0934
92
'
944
149 '8
31^8
3214
6334
64 4
1081*
106 '8
140
45
44
24
24
143 14 144 4
•424 43
110 120
•75
78
201 §2014
140
41^8
4214
79
80
18
931*
78
100
•84
9314
79
105
864
137''8l38i4
•28
81
764 77
102
108
8O4
8I34
9134
8434
92
8434
130
•130
140
684
594 60
•90
3218
64^8 65 't,
106^8 10734
321^4
140
65%
141
437, 44^4
•76
4178 42
787e 70
4334
J
4
w.
96
100
7><4
105
78I4
102
3t,
814
8;s78
85
8534
3634
13
•53
•25
16
58
28
79
714
180
78
714
170
85
7734
110
8838
9214
8534
8S'^4
36''8
68
28
70
86
91S
•914 92 4
83
70
16
70
•13
'62
•25
79
71
711.J 7134
•175/ 180 •175
20034 20034
4134 45
7 8 '4 797^
82
•76 4
102
83 14
108
83
69
44I4
84
84 4
8334
147
95
78 14 79
100 105
85 87
137 13778
"28
31
84 87
I3714I38
27 31
764 77
67'*8
90
92
3638
56
27
79
77>4
1434
Des Moines
7
634
6=s
3.)
<fe
Ft.
Detroit South, vot.
Dodge.
tr. ctfs
•34
35
Do pref. vot. tr. ctfs.
7714 77 14 Detroit unitM
15
17
Duluth So. Shore & Atl..
3034 35
Do pref
77 14
15 14
4
28 4 3034
One
404
41=8
414
78
79%
79
794 jCjDo
6I34
63
72 4
6.
64
Do 2d pref
72 4 Evansv. <fe Terre Haute..
71
85
90
255
245
4178
70
•85
245
90
255
Do
Ist pref
pref
Great Northern, pret
Green BayifcW.,deb. ctf.A
2138
21
2034 214
deb.
Do
•834 90 4 9014 90 14 Hocking "Valley
9134 92 4 •90
92 4
Do pref
14034 llli<
16834 169
7434 764
11534 I1714
23 4 2334
130 140
5934 60
86
86 4
934 94
14934 14934
32 '8
66 4
107
146
43
22 4
ctf.
B
IUinois Central
owa Central
Do
pref
Kanawha <&
Michigan..
C.Ft.S.(feM.,tr. cts. pfd
Kansas City So. vot. tr. ..
Do pief. vot. tr. ctfs.
Keokuk <& Des Moines...
Do pref
Lake
Do
Erie
& Western...
pref
&
Mich. South'n
Lion^ Island
L.
Shore
1404 1424 Louisville & Nashville...
1634 1704 Manhattan Elevated...
•7514 764
etrop. Secur., sub. ree.
11534 1164 Metropolitan Street
2278 28% Mexican Central
130
•57
86
140
60
86
9334 96
150 160
32 4 3234
66 4 6634
Michigan Central
& St. Louis.
Minn. S. P. & S. S. Mane.
Do pref
Mo. Kansas & Texas
Minneapolis
Do
pref
33 14
Do pret
67 4
1077^ IO634 107% Missouri Pacific
146 •142 145
Nash. Chatt. & St. Louis
444 42 '4 4234
at. of Mex, non-cam. pf
2234 2234
Do 2d pref
142 4 14434 N. Y. Central & Hudson..
42
44 N. Y. Chic. & St. Louis...
no 120
Do Istpref
75 77
Do 2d pref
20042014 52014 2014 N. Y. N. Haven & Hartf
4434 45 14
44 14 4434 N. Y. Ontario <fe Western,
79 14 7978
78% 7975 Norfolk*; Western
•924 93
92
95
Do adjustment pref.
79 14 7914 Pacific Coast Go
78 4 794
100 105 100 105
Do Istpref
85 87
«85
85
Do 2d pref
136=8 13714 13634 137 4 Pennsylvania
27 31
304 31% Peoria <fe Eastern
88
91
92
94 Pore Marquette
87
87
Do pref
•75
7314
7634 78
Pittsb. Cin. Chic. & St. L
'102
102
Dd pref
87 14 8934 Reading
8738 9038
92I4 93 14
92 14 92I4
Istpref
8734 89
8734 88 4
2d pref
374 3734 37
374 Rock Island Company
83
8334
Do pref
82
82 4
72 4 72 4
Rutland, pret
•13
16
15
164 St. Joseph (feQr'd Island.
•53
Do Istpref
57
56
584
•24
2714 28
Do 2d pref
28
7779 78
76 4 79 St. L.c&S.Fr., Istpref....
71 14
71
Do 2d pref
714
714
170 180
175 180
C.& E.I.com stock tr ctfs
23 '4 23 14
224
143 144
142414414
•42
*41
44
45
•110 120
•110 120
76
78
75
78
120
73
2004201
604
10634 107=8
143
23 244
142414378
42 44
110
140
•86
92
93 4 94 14
150 1504
324 33 14
92
934 94 14
149»8l50
36 4 374
8334
•23
27
6=8
34 7»
3779
83 4 S3 34
6934 72
•13
16
64
54
•26
28
•78
79
79
71»8
180
7II4 71»4
'175
180
.
Dec
41
Jan
544 Dec 69 Jan
64 Aug 8978 Jan
84% Aug 1034 Jan
4 J'ne24 165
Oct
Oct
3 121
Nov 150
140
Sep 160
3
Fell
Fell
83 Nov 7 89 Ang28
1094Marl2 13534 Oct 25 115%Oct 13334 FeU
Apr 2 9 72 N0VI6 574 Sep 78 4 Jan
2,350 1544Feb20 19434 NovU 153 Oet 190 Jan
53,710 28i4Marl4 51 N0VI8 2714N0V 534 Jail
1,800 33 Jan 15 4714 Nov 18 184 Sep 37>4 Jan
loo
70,450
100
350
1,500
-,
765
27,835
2,100
3,100
100
80,800
22,415
9,950
3,150
22,415
15 14 Chicago Tenu'l 'Transfer.
9
254
Do pref
114 1234 Chicago union Traction.
474 48
Do pref
92 4 9638 CleTe. Cm. Chic. <fe St. L.
26
200 64
PanL 107,450
19
34 Nov 7
66 Nov 18
89 14 Nov26
Highest
3,000
39,025
21142194 Chicago & North Western
242 245
Do pret
'172
1764 Chio. St. P. Minn. & Om.
'192 200
Do pref
184 194
114 III4
•23
5135
pref. "A"..
pref. "B"..
St.
Lowest
MigTiest
200 11814 Mar 2 160
&
&
jPreviait.
Tear (190S)
64 Feb2l
87% Jan 6 1044Not25
1044 Feb 18 l554Novl5 106 Dec 126 Maj
7279Marl4 105 14 Dec 30 71% Sep 104 Jaa
87% Feb 19 96 4 Oct 19 8234 J'ly 96=4 FeU
101,865 38 Feb 24 70 4 Not 15 29 4 Sep 71>8Fel
ifii
Do 5p. o.
Do 4p. o.
Range for
2,400
86,200
1,295
Ohio
Alton
17536 Chicago MilTV.
186
Do pref
Year 1904
3.9t>0
Do pref
Cliicago
East. II).. pref.
Chicajjo (ireat Western..
Do 4 p. o. debentttree
344 35
173
186
Lowest
25 J'lyll
54934 J'no 8
Sasqne, pref...
Pacific
6914
Canada Southern
19434 Central of New.Jersey...
5193
lor
28,384
&
8938 Bnffalo
69 14
Range
On basis ot 100-share lots
Week
Shares
1334 (Canadian
13278
90
92
155 14 156 1651a 158
1551415614 15534 156
3038 29 4 30I4 •29
3078
30
30
30
56
5734
564 5534 56I4 55
56
56
36 38 4 •36 38 36 39 •36 38
•82
82 14
82 14 82 14 82
82^4
82 4
82
2834 29 4
284 2934 2934 3034 30 14 314
5434 56 14
534
56
69
584 61 14
'13
13 17 •U 17 •14 17
17
•47
47 61 •47 51
51
47
61
•35
35
38
35
38
40
374 33
95 102 95 102
95 102
95 102
'295
?310 310 •295
5290 290
"7
57 63
63
57
63
56
56
I40I4 1407g
16
•52
•23
79
122
4779
84 14
13
194
114
784
156
•83
122
96"8
2034
Ann
8714 877^
100=8 101)78
01
the
Kailroads.
31 35
Arbor
'62
66
Do pref
87 14 8738 Atch. Topeka & Santa Fe.
10034 10078
Do pref
123 124 Atlantic Coast Line KB..
35
66
101'gl03 4
11
3934
1-^
•29H 30
37
84
•31
•62
1
7718
158^8
84^8
3618
Jan. 20
96»8
96 4 96 4
6-214 64
63 4 6434
'150 160
59 160
159 159
159 165
'155 165
155 165
88S8 88^8
8834 89 4
8878 89
133»8 134 4, 133413414 133 4134
69 70 69 70
68
68
193 193 4 194 195
194 195
4838 49^8
494 50 14 4939 50 14
'40
42
42
42 14
42
424
84I4 •83
•80
83 14 •83
831.
130 143
130 143 •130 145
23
23 »,
234 23
227, 23 4
•85
•814 87
85 86
87
•65
6738 6834 '65
68
70
3434 354
3434 354
34
34% 34=8
1733a 17414 173 174S8 17338 174
185 186 •184 186 184 186
208 209 4 208 4 209 4 2094213
237 237
238 242
2414 2414
157 170
174 175 •175 177
•195 200 •193 200
195 195
10
10
934
93^
8=8
9
404
40
78:'s
157
76^4
friday
Jan. 19
8676 88 14
10034 101
12134 12134
29
40 14
93
13
47
34
93
35
66
62
10134 10234
•9534 9634
6308 6434
77 7g 7838
6138 62
27
40 »4
90
93
36
•31
36
66
874 88 m
100 14 1014
122 122
Thursday
Sales
STOCK
KXCHAifGE
9II4 91
914 91*8 91
914 914 924
'113 115
•113 120
'110 120
ai4 120
115 120
Do pref
224 22^8 22^8 22^8 22^% 22=8 224 224 2214 234 Colorado & So., vot. trust
62
61=8 6178
62
614 614 613^ 613^ •61
62
Do Ist pf. vot. tr. cfs.
36 37 36 37
36
3534 36
354 35 4 •35
Do 2d pf vot. tr. cifs.
183 183 34 1x3 183 4 133 18478 •18234 184
183 184% Delaware & Hud.son
'335
'335
345
335 344
344 335 346
34043104
elaw. Lack. & West'n.
32 33 4 32 32
33 Denver <fe Rio Grande
324 32 4 3234 3314 •32
86I4 8614 86
8638 86 4 {8634 8634
864 864 864
Do pref
28
6'8
•31
•62
STOCKS
NEW YORK
.
33 Hj
•23
Jan. 17
49
48
WO
115
Wednesday
Jan. 18
Tiiesday
Weekly and Yearly
PAGE;-
Jan 2 8514 Jan2l 60 Sep
Febll 143 Oct 16 105 J'ly
1278 J'ne 8 26I4N0V28 13 Aug
80 4J'lyl3 90 Nov 7 834 Sep
47 4J'ne 6 7434 Nov28 63 Oct
20 J'no 6 394Nov25 24 Sep
1374 Feb2 177% Dec 1
75
124
173 Mar
18578 Oct 25
1614Marl 2144 Deo
Feb
237 Nov 80
135 Mar22 160 Novl
5165 Apr 2 192 Deo 9)
'
207
5i4Aug3
I6I4N0V22
114Aug31
168
153
190
117
5165
8
754Dcfl
138i4Jaa
29% Jaa
9078 Jan
854Jan
4678
Feb
183i4Jau
Angl94i4Jaa
Sep 22.
244 Jan
Aug §51 Jan
50
J'lytl62
Jan
Nov 194 Jan
Aug 1978 Jaa
2734 Nov22 15
Sep 36 Jan
4 J'lyll I514N0V21
3 May 174Jan
29 May24 48 4 Nov25 30 Mmy 5034 Jan
68 4Mayl
93% Dec 1 66 Ang 99% Jan
115 Nov23 112 Dec 119 Jan
100 Feb
2,200 13 4J'ne 1 24%Novl5 10 J'ly 314 Jan
1,020 48 J'ne 1 63 Dec 29 444 Aug 72 Jan
300 1773 j'ue 7 37 4Novl6 17 Ang 48 J.an
8,000 149 Marl 1904 Deo 6 149 Aug 1834 Feb
200 2504 Feb 28 35934 Deo 6 230 J'ly 2764Jan
700 18 Marl4 3578Novl4 18 Oct 43 Feb
1,825 64 4 Feb 24 89 Dec 21
62 Nov 904 Feb
100 19 4 Jan 7 27 Deo 6 1'. Sep 4714 Jan
2,110
14J'ne27 1434 Jan 23
734 Aug 2038 Jan
234 J'ne27 33 4 Dec 30
4.700
14 Nov 3934 Jan
340 604J'nel6 7934 Deo 5 65 Oct 90 Jan
21,770
Aug 194 Feb
5 4 J'ue
1478Novl6
7
914 AugK
27,480
28 4iSroTl4 10 Nov 29% Feb
3ou 214Mayl0 41=8 Nov 9 23 Ang 42=8 Jan
401,
>8 May3
59,908
77 Dec 6 62 4 Apr 74 Feb
23,360 33 Majl6 684 Deo 6 44 J'ly 6478 Feb
600 54 J'lylu 67 Deo 28 394 J'ly 724 Jan
72 Feb 23 83 Novl
78 Aug 91 Jan
170 Marl 7 242 4 Deo 29 160 Oct 209 Jan
10 70 Anglo 864Novl8 73 D«e 85 Jan
654 11 J'ue 1 20»4 Nov 14 10 Aug 274 Jan
800 60 May 2 4 94 Deo 6 63 Sep 1064 Feb
2.100 77 Marl2 95 Deo 6 77 Oct 9914 Mar
40,305 12534 Feb 24 159 Deo 6 125 4 J'ly 151 Jan
6,000 14 J'ne 4 33 N0VI2 16 J'ly 48 Jan
2,400 32 Feb 25 5934N0VI4 304 Oct 77% Jan
100 22 4 May 9 33 Deo 8 25i4 0ct 474Jan
600 64 4 J'ne 1 834Novl9 9214 Oct 8234 Feb
19,300 164Feb24 31 78 Novl 4 164 Oct 36I4 Jan
29 Oct 6H4Jau
43,650 31 Feb 29 66 '4 Novl
104Janll 19% Apr 12 10 Oct 40 Mar
Apr 7 52 Apr 12 48 J'ly 565 Apr
45 4
960 26 Marll 43i4Deo 1 23 4 Nov 63 Jan
85 J'nei7 105 Oct 18 89 Not 118 Feb
9 5245 Nov 1 5300 Dec 29 275 Doc 3344 Jau
105 46 JMayl'; 62 4NOV12 49 Deo 83 Jau
33,800 101 Feb 23 14334 Dec 3 95 Sep 1304 Jau
17,910 I8934 .Marl2 l69 4Novl8 126i4Sep 1554Jan
6,-!00 72 14 Mar 14 96 4ATigll
704 J'ly 12878 Jan
32,700 10434 Marll 130% Oct 21 99^8 Sep 14278 Jan
5 Apr 23 23=8Nov22
8 4 Not 29 Mar
31,800
51194 Feb 1 150 Novl9 102 May 135 Jan
i',.3bo
40 J'ue 8 6734 Jan 18 41 Oct 110 Jan
800 80 J'ly29 96 4 Sep 16 83 Not 118 Feb
10,700 65 Jan 4 95 Oct 29 42 Ang 794 Feb
3,200 116 May 2 150 Oct 29 109 4 J'ne I3214 Feb
41,400 14=8 Feb 24 36%Novll 154 Oct 304 Jan
36,203 32 14 J'ne 1 65i4Dec 5 33 Oct 634 Feb
80,310 87 Feb27 lll4Deo 1 8534 Ang 11578 B"eb
300 1014Feb21 147=8 Deo 2 85 Oct 1334 Dec
344 Mai 47% May
25,800 3434 Feb 25 454Nov21
17 Nov 284J'ue
1,000 1578Feb25 25 4Nov21
34.310 11278 Marl2 145 4 Dec 28 112% J'ly 156 Jan
1,450 25 Mayl6 47 Deo 3 194 Sep 45 Jan
1014Mayl2 116 Novll 100 Oct 118 Jan
100 60 J'nell 78 Deo 3 60 Sep 87 Jan
176 5185 14 May 19 199 Oct 21 n874M»y225i4Jan
133,700 19% Marl4 4778 0ct26 19 Sep 3514 Feb
21,700 53 4Marl2 80 4 Deo 30 6334 Nov 76*4 Feb
200 88 May 6 96 Dec 29 85 Aug 934 Feb
1,200 61 Feb 24 8'.i4Deo29 3934 Sep 72 Jau
95 J'ly 2'j 101 Sep 28 80 J'ly 100 Feb
42 61i4Jaul2 864Dec3o 60i4Ang 76 Jan
161,279 1 114 Mar 12 140 l;eo 6 11034 Not 157% Jau
900 17 Marl6 32 4 Deo 1 16 J'ly 89 Jan
1,200 74 4 J'ne 9 81% Jan 23 74 J'ly 91 4 May
1,200 S 68 May 31 79 4Novl0 574 Deo 176 Sep
200 55 Apr 20 80 Deo 5 65 Sep 94 Jan
90 April 107 Dec 6 90 Oct 116 Jan
37 4 Nov 69i4Jan
.151,650 3834 Marl4 82% Dec 5
6.800 76 Mar 1 92 Dec 30 73 Sep 89 7g Feb
12,300 55i4Feb25 85 Dec 29 5534 Not 81 Jau
19 4 Aug 63=8 Jan
231,460 19 4 Marll 3734 Novl
3,400 5734 Jan 6 8638 Nov28 5534 Sep 8G Jau
1,700 30 Apr 22 72 14 Dec 27 30 Aug 72 Jan
Oct 16 4 Jaa
7
LOOO 9 Marl 6 18 Novlft
935 85 Mayl7 60 Not 15 32 Oct 68 Jan
30 Nov 16 13 Oct 247b Jan
300 16 Jail 8
Mar 1 7934 Deo 30 68 Aug 88 Feb
425
8.650 39i4Jan 6 72 4 Deo 30 39 Dec 78 Feb
50 Jan 9 185 Deo 1 148 4 Sep 170 J'ly
'2
;
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Banks
Bid
Ask.
Banks
Bid
Ask
NEW TOBK
American ... 516
City
296
Coal & Iron. 196
Colonial II ... 450
Amer
Columbia .. 400
Commerce... t2:{5% t23G
530
Kxch.. t275
Astor
776 826
Bo weryl!
t365
Batch's <fe Dr 166
Century I1
180
Chase
850
320
Chatham
330
Chelsea Exeli 175
Chemical
4276 4325
Citizens' Ctrl 165
*
1
175
305
205
li
Bid
Banks
140iStreetTI. 300
Fourth
Gallatin
Gansevoortll
Garfield
Consolidated 150
155
German Amij 168
400
IGO
<Jennan Kx1[ 350
Germaniall .. 6!I0
li'idelltyll ....
Fifth Avell .
Fifth
First
Greenwich
180 200
Uamiltou^
3450 3700 Hanover
300
t7ti8
160
Imp
I1
..
170
620
Trad. 595
InterboroU.. 161)
Bid and asked prices; 110 sales were m^iao on tlii.i day. 5
Sale at Stock Uxclutnge or at anotion this weoic « i'mriC
..josa ui'.ia
'
!u.
221
227 4 Jelter.sonli... 150
516
Liberty
120
1200
Lincoln
Maiden Lano 105
315
Manliattau',1.
174
380
Market cfcFul 260
2^t5
Mechanics'
620
Mecli
Tral tl45
Mercantile .. 280
iMeroh Exch. 165
530
Merchants'.. 176
005
Metropll .... 380
170
.
t2'Jl
(&
Bid
Banks
Irving
220
410
140
500
C'rnKxchgel 890
Diacount'l ... 150
East River., 160
Ask
<.<!
100 soared, f cCc ri?n[4.
h Assessment paid.
certttlcates.
11
Bid ASk
Ask
Banks
285 300
225
PeopIe'sH
130 135
I'heuix
290 315
Mutualli
500
Plazall
Nassaiili
t200 206
530
New Araster 473 50O Prod Exohll 176 186
Hlversidoll .. 250 280
New York Co 1300
700
6'i5
.Seaboard
200 205
326
N y Nat Ex. 3
600
New York... '20 380 Second
270
SlioeiS; Leth. 152 4
19th Wardll. 220
305
1200
Stateli
North Araer. 215 226
200"'
34th Street.. 190
Northern
120
290
Oriental^
340 2474 12th Wardll. 1-0
176
23d Wardll.. l'J5
266 2S5
PacihcD
185
Union Kxohli 200
Park
t546
State Danlca. n tix dividend aud rii;l>ts. b New stock*
Ask
226
linnli.4
Bid
Mt MorrisTl.. 215
n Sold
at private sale at tins price.
.
.
.
Stock Record—Concluded—Page 2
Jan. 21, 1905.]
STOCKS— BIOH EST AND LOWEST SALE J'RICES
Monday
254
2618
581.2 5938
67 4 68=8
11634 II718
34^8 3538
SSi'H
eo^g 68
11634 liV
3b '4
35
•Hii^s yv
*9734 9V^i
34^4 3J
*a28
2-2
22
>-2
--i
341-2
981-2
364
361.
54
1064 106 la
5334
117121194
12()W,
97^2
97
21'a 21'^
97 '9 97
•201-2 22
64ifl 64 4
2178 22
65
'.2
65
21^4
4334
43
4334
19
45 12
26
22
45 »t
•IS^i
*44Sj
*25
22
454
236
lt;34
45 12
26
23
46
46^
250
233
250
34 13 3519
34.38
^125
128 132
• '2258
23 la 2258
•354 361a 354
•52
6419 •52
106 1061a 1064
11S58 12019
9778 98
211a
22
651-2
65 h
2178
201a 22
75 7g
34>8
*92>a
-34>a
344
934
434
1834
184
4439
251a
4410
22
45
22 -Ib
46
26
2234
46
46
la
250 •236
1634
16
•h'4
65
66
774
74^8
763,
334
741a
3438
3358
334
36
97
39
215
9234
93
35
97
38
93
•34
8 96
•35
215
93
36
97
'a
39
215
-12»8 13
215
{35
96
11
51)34
513f,
491a
514
10*8
4959
504
6^8
6 ^,
383^
638
64
64
638
64
*16
17
41
354 35 >s
{ 10434 106
374
354
*371q
105
83^
27''b
II2I2
*160
•98
99
13% 144
56
142
571-j
923^
921a
221a
224 224
•9312
11]
1111,2
la
227s,
1123,
210
*2U3
210
146
93
94
94
95
111
•2U3
*11
*60
81a
100
146
*i46"'i47"'
9234
351...
141a 15
5734 6UI2
142^8 143 4
142»8
lli«
111.2
lliu
63
6b
UO
471a 481a
47I2
46=8
•89
16
16
164 i6ia
19841983t, 19734 198ii
-127 130 *129 130
I8I2 20"..
li'4 20
IQ^ 77
761a 77
374 37«8 374 3S
•60
60
65
«60
•75
77
76
76
188 1884 18834 19034
23 '6
23
231a 2334
*76ia 771-2
771a 77'6
•66I2 67 li
661a 661.2
*38ii iiO
39
39
*86
8S
•861a 8^
65
55 I9 55=8
554
•115 116-'4 51163& 11636
25
2434 25
25
•97 la 98 1«
984
98
158
15734 I6734 •152
IUI4IUI4 100 100
44
4434
45
451a
IO74IU734 107=8 lus^s
3834
3715 371.2
38
89^8 89 ^g
891a 90
248 248 •236 238
334
333e,
1634
331a
93=8
16»8
94
704
6'.)%
27
J95
62
•99
334
9312
167e
i)i^
70
274
2734
•95
62
95
62
101
*2ia
2=8
711-2
71-g
3812
•37
103
•21a
711a
•36
10
104 104
17
701a
277g
9534
621a
lUO
37
31a
7234
381a
10
35
35
105
759
1539
36
41
734
98
1-2
•2234
•3434
•52
106
231a
3151a
54
106
11838 11934
98
§98
22
22
66 la
66
2134
2178
434
•^314
19 4
•434 444
26
26
2134
45=8
21^6
453^
250.
t)5
7534
3334
741a
76
33
934
921a
35
3334
92=8
•94
•35
j217
I2S4
1079
5034
638
1539
354
97
39
220
1219
101%
121s
1034
6 034
638
371"
504
6ifl
37
•15 4
164
36
36
40
354 341a 35
•10434 105
105
84
9()34
•9734
151a 16
«374 374
154 15 4
261a 2712
8238 83
112 1121-2
82
8I34
112
*160
-97
37
17
371..
1051-2
8%
84
271a
38
1034
3539
•235
217
?1234
"lOia
4934
3479
96 34
65
217
13
11
•37
•15 la
la
250
16
66
35
1234
1034
'•2
25
117% 1174
•18 4
19
35
95
39
12>8
III2
37
2178
4334
454
16
65
93
35
•93
•35
•213
1-:
653,
211a
44 4
224
236
1634
231a
35 4
64
106 4
98
2134
431a
I834
441a
*25ia
6734
344 3434
^28 132
35
130
971.2
11359 11959
751a
65
^bh
16
*64
611-2
33-4
65
•11^
18
*44
26
22
16% 16^
*93
*35
•213
44 4.
5934
6634
Friday
779
34 la 35
105 105>a
8
8
27 4
26% 264
26
261a
82^8 85 4
8478 86
843a 86
11234 114
11334 114
1131a 114
180 185
175
180 180
•98 100
98 99
99 100
15
174
144 15
144 15
60 lo
6I59 641a
60
60
6 134
1421a 1441a 1431a 14434 143 144
1374 137 4 13834 13834
146 146 145I3 146 •145 146
9212 9258
921a 93
921a 93
2178 22
221a 2211
224 224
94 95 941a 95
941a 94 ij
lllia 112
112
111^8 112
111
•202 210
209 209
202 210
11 ll»8 11 1138 Ilia 12
•60
63
60 1« 60 19 60
63
4759
43
47
47
47 is 48%
89
•85
16
16
16
164 1534 164
li'6 4 19634
1961a 19S34 1974 1H8
•128 130
130 1304 •127 140
1934 20
19»4 20
2038
20
77
77
764 78 «77i8 7719
3838
38
3734 38
371a 3734
•60
65
•60
65
634 664
1119
*76ia 73 la
7618
7
76
761s
187 18838
1881a 19034 1881a 189
23^2 2:iia
23
221a 2339
231a
'77 la 78
7734 78
•77 la 78
65 67
66
66
65
66
38 39
38 la 39
384 381a
8? '8 8778
8778 8778 85>a 88
5559
55
551a 5558
551a 56
116 116
116 116
•1151a 116
25
25
25
25
2434 2519
98
9713 9Sia 98
98
98 la
•153 157
•150 157
157
100 101
ibo" 100
100 loo
46
45
45
45
46
45
10758 108
107 107=8 1061a 1071a
37^8 38 4
3634 37
38
38
894 90
89
89
891a 891a
5243 248 243 248
246 246
3378
3333
3379 34
3359 344
94
94
•931a 941a
941a 941a
1534 164
161a 17
161a 1534
6934 70
69 la
69
69
68
27
2634 27
271a 27^8
27
951.;
*94ia 951a
'941a 951a
951a
62
62
6278
62 4 621a 62
• lOOia 1041. 100 '4 1014 101
104'.
264
2634
Oils
661a
72
•36
10
2 58
7238
38I3
1078
72
36
10
7234
381a
72
36
38 "a
10
Kange lor Year IfJOi
Range for Previous
On basis o/100-share lots
Year (1903)
Week
Shares
Louis Soutliwestem
M
17,100
Lowest
Highest
29
91a J'ne
2539 J'ne
Pullman Company
245
8,500
700
5,200
2,700
4,400
100
.'
2l8
711a
-36
O
21a Standard Rope&Twine..
7134 Tenn. Coal, Iron
RE...
381a Texas Pacific Land Trust
&
1,400
Jan
13
25
2434
25
853,
85
•120
85
8534
127
'a
la
1358
354
4
11)7
42
•234
•!.
30»8
9419
35
3'ii..
107
• 120
1458
102 102
79 -s
79
3712 38
10034 100
lajis
79
3789 38
lOO-, 100-6
301s 3u^i
933a 94
101
127
I'JO
14'-.
1081-2
'..
42
•235
93
4234
245
921a 92
180 181
•187 194
'-2
180
187
31't
95 \,
36
108
241a
8536
1378
102
119
141,
13=8
1U2 4
102
125
14
10239
-7.<i8
7934
37 la
lOOia 100^8
30 ''8 311.
3658
374
37
9418
Jll'738
42 la
•233
934
92
1831a 182 la
194
1931a
431a
245
125
241a 2434
85 1«
85
7934
7934
3;.
'-i
247,
855,
1
951,
36
108
lO-Sg 1071a
4339
245
CO 1-2 lOOTg
2979 30 'a
933, 95
35 1« 36
42^4
•233
i>v4
9212
183 4
193 la
182
24
85
'119
2434
85
126
134
102
79
36
100
2979
9379
1379
102
361a
100
30
94
354
1..
'.J
'-2
3534
108
108
•235
43
245
Si
794
245
4318
92
la
18 2
194
la
vt2
921a
1811a 1821a
190
194
1.2
3H78 Jan
.
1
Sep 48 Jan
Oct 1224 Jan
J'ne ?l594Deo
24
79
155
6534 „
Aug 10459 Jan
834 Aug 954 Feb
A
1
>
9 Dec
35 J 'ly
._
16 59 Oct
274Sep
12
J'ly
5 105
Mar
1..
C
Feb
Feb
Feb
Mar
4134 Jan
93 Jan
464 Feb
98 Feb
414 Jan
235 Feb
2939 Jan
11 4 Jan
3739 Jan
1134 Jan
424 Jan
1934 Jan
484 Jan
3158 Feb
9534 Feb
5 4 Feb
244 Jan
*204 Jan 235
7 Dec 23
60 4 Nov 87 4
3359 Oct
7559
?
174 Nov
60 4 Nov
254 Aug
82
J'ly
24
Nov
Aug
171
6
J'ly
24 Oct
10
4
Oct
Oct
164 Oct
5
J'ly
23 4
Nov
104 Oct
67 4 Oct
2 4 Mar
144Sep
3634 Oct
804 Oct
90 Aug
527gFeb
99 4 Feb
Mar
126
9339 Jan
Sep
30
34 Dec 20
Jan
36 Dec 69 4 Feb
107 4 Oct 13439 Jan
Aug 123 Deo
1 6
1
4 Oct 169
7
Feb
4 Oct
117
Feb
1459
Oct 80 Jan
Oct 125 4 Feb
Sep 225 Jan
Oct 15 4 Jan
Aug 55 Jan
Nov 32 4 Jan
05
68
170
6
40
24
Dec 122 Jan
Nov 22 4 Feb
164 Aug 222 Jan
9434 Aug 119 Jan
15 4 Nov 33 Mar
60 Nov 35 4 Jan
20 J'ly 3434 Jan
65
94
Feb
Jan
67 4 Nov 744 Feb
'!3
Nov 73 Jan
23 Dec 46 4 51 ay
70 Oct 89 4 J an
32 Oct 4759 Feb
Sep 204
i36
J'ly
9
197f
Oct 1067j
94
.Mav-
104 Nov 29 4 Feb
Oct 95 Feb
Oct 177 Jan
Sop 1244 Jan
75
105
03
17
Aug 4234 Jan
8734 Sep 10838 Feb
22 4 Nov 6534 Jan
25
22
/
Feb
554 Feb
27 4 Feb
May
Sep 38 4 Feb
144 Oct 29 4 Feb
33 Nov 55 4 Feb
67
37g 24.ugl9
1,800
Union Bag & Paper
Do pret
71
200 46 Feb 24
V. U. S. Cast 1. Pipe & Foun.
234 24 '
64 MaylO
20,800
•844 85
Do pre!
2,469 40 Mar24
120 126
United States Express...
100 Feb 24
61.2 May2
r:;is
28'290
131a United States Leather
10134 102 V
Do pret
22,620 7553 Jan 4
U S Realty & Improve'nt 1,664 43 J'lyl
06
.^04 United States Rubber
9,240 10 la Feb 6
100 1* 100
Do pref
4,160 41 Jan 4
83* Mayi:;
2958 30 I4 United States steel
262,730
9:;ia 944
Do pref
299,735 514 May 13
00 la 30
Virginia-Carolina Chem.. 13,661 2234 J'ne29
Do pref
1071a 1071..
1,915 97^8 Apr 16
'
4339 431.. Virginia Iron Coal &
2,825 18 'a fcep
'23S 245
J 200 J'uelO
Vy ells, Fargo & Co
92 '4 ' » est'n Union Tele'gph
92
85 MaylO
2',o'65
7,woo 153 i;Iay 2
West'gh'seEl <feM f g assen
180 78 181
I)n l.storcf
'190 194
120 180 Augl7
Jan
64 4 Jan
3234
20
4
l;ec
2239
404 Nov 62
3
34
Fob
964 Mar
204 Aug 4359 Feb
100 Oct 12379 Jan
3739 Jan
17 4 Oct
15 Sep 3479 Jan
5 NovlS
3158 .MaylO 774 Novl7
25 MaviO 394 NovlO
77
'"too
9,100
96
J ne
624 Nov
Nov30 196 J'ly
16
Nov 17 16 Sep
7134
Deo 5 67 Nov
y'^Nov
6
Nov28
37 May 13 731-, Nov28 3534 Nov
29-8 Deo 6 12 J'ly
1434 Apr 15
7434 Jan 16 98
Dec 2 60 J'ly
';538 Novll
311.2 .fan 7
224 Oct
13 4 Nov22
754 Nov25
204 Deo 3
71
2415
164 Oct
69 4
iOct
85
Marl4 244
MaylS '60
Mario 94
May 16 134
930 209
341a Oailway Steel Spring...
*93ia 95
fV'Do pre!
1534 164 llepubUe Iron & Steel ...
6834 6834
Do pref
27
27
Rubber Goods Mfg
95 \
Do pref
941a
62
62
(Jloss-Shoilield St. & Iron
lol 104 4
Do pref
Jan
Jan
634 Mar
12
.
3334
Aug SO
Aug 66
3858 Sep
24
-
245
Highest
Lowest
Dec 5
Dec 6
Nov! 5
344
2=8
7 2 la
258
St.
the
2>-i,970
6S1
6O34
Do prel
365,925 411a Marl4 6884
6719 Soutlierii Pacific Co
11,300 113 Sep 12 H9iaDec29
117 4 1171.
Do pref
3459 3536 SouthemT.tr. cf.=i. stmped 69,900 184 Feb 24 37 4 Dec 6
9079 97
1,400 771a Jan 6 97 "a Dec 61
do
Do pret.
•9734 981a
90 Feb 25 98 Doc 29
& O. stock ir. ctf s . .
8,600 2018 J'ne
344 354 'I^exas ife Paoiiic
384Novl4
12.)
115 Marl 4 134 Oct 22
1 hird Avenue (N. Y.)...
130
22 la 231a Toledo Railways & Light ' '200 171a J'ne21 27 la Oct 21
500 21% May 2 7 33 Not3()
3534 364 Tol. St. L. & W. V. tr. ctfs
335 32 t^b 24 57 4 Nov30
{5134 5134
Do pref. vot. tr. ctfs.
1,565 871a Feb 2 3 U07?iOct 31
106 106 T-win City Rapid Transit.
158 Augll jl65 Nov 4
Do pref
833,410 71 Marl 4 117 JSrov2I
11334 11934
nion Pacitto
98
1,948 j;36ia Feb 25 9=! Dec 30
984 IJ'Do prof
224 2212 UnltRysinv'tof SanKran 1,095 9 Feb 17 25 Dec 1
2,476 421a Aprl9 69 Dec
Do pret
661a 63
2134 2134 Wabash
2,225 15 May 10 25 Nov 12
4,700 3234 Feb 24 484Xovl8
43
434
Do pref
•184 1334 Wheeling & Lake Erie...
200 141* J'ly25 2-239 Nov 14
750 37 J'ly27 5214 Jan 22
45
45
Do Ist pref
500 2119 J'ne29 32 Nov 15
Do 2d pret
•251a 261a
2178 22
2,695 16 J'ne 6 25 Nov 13
Wisconsin Cent. v. tr. cfs.
46
4ii4
Do pref. vot. tr. ctfs. 2,405 37 J'ne 6 4938Novl8
Indnstrial &. :>lUceU
•233 250
5220 Feb 2 250 Oct 29
Atiams Expre.ss
•15
1,100
6 Mar22 2138 Nov21
16
lUs-Clialmers
1:4
600 391a Mar 2 5 71 Nov 2 6
65
Do pref
43I9 Feb 8 8234 Dec
381,360
73 la 75 Amalgamated Copper
7,120 1434 J'ly 1 354 Dec 28
33
American Car & Foundry
92 331a
2,070 67 Jan 6 9434 Dec30
93
Do pref
725 244 J'nel4 3779 Dec
35 American Cotton Oil
94 97
172 3334 J'ne 6 97 Nov
Do pref
•35
22 Augl7 39 Dec 16
39 American Dlst.Telegraph
•218 225 American Express
923 130 J'ne 2 219 Nov22
Ilia 121,. American Gra.ss Twine ..
1,970
6 Aug 3 14 Dec 12
258 Jan 5 114 Dec 6
10 4 VO^ Amtir Hide & Leather
6,810
15,923 llV Jan 5 4334 Dec 6
De pref
491a 50=8
934 Nov21
2,200
6 Dec 19
.imoncan Ice
61s
3534 363,
1,135 244 Mar24 42 Oct 17
Do iiref
2058 Nov 16
600
7 J'ne
161a 161a Amoricau Linseed
1,000 221a J'ne 1 424 Nov 16
39
39
Do pref
9,978 164 Jan 6 3638 Nov28
344 35^8 American Locomotive...
2,175 761-2 J an 6 106 Nov26
105 105
Do pref
9
734
8,800
Dec 14
8
American JIaltmjr
21a J'nelO
„.
26ia
29 Dec 12
5,600 16 J'ne
26
Do pref
841^ 85 1« Amer. Smelt'g & Rofin'g. 85,320 46 Feb 2 5 82 4 Dec 3
113 113>a
8,255 3334 Jan 6 115 Oct 24
Do pref
-180 185 American Snuff
200 110 Jan 21 170 Nov 16
•98 100
425 85 Jan L 9959 Nov30
Do pref
1679 18
American Steel Foundr's. 33,0vt3
31a J'ue30 154 Deo 2
6359 65
35,386 26 J'ly 7 574 Dec 2
Do pref
1421a 1434 American Sugar Hoflning 53,630 1224 Mar 7 163 Nov 17
500 123 Jan 4 141 Nov IS
133 1381a
Do pref
200 121
Feb 16 1494 Nov29
Amer. Teleph. & Teleg...
9234 93
7,525 8539 Nov 3 96 Dec 2
Amer.Tobao.(new),pf.ctfs
2134 22
2,575 V> Jan 4 25 Nov 21
American Woolen
9434 Dec 27
410 69 Jan 2
94 "a 941a
Do pref
loo 110 Anaconda Copper
Feb 20 12078 Nov2l
4,950 61
•204 210
176 185 Mario 229 4 Oct 19
Brooklyn Union Gas
1258 Dec 2 8
12
123^
6 J'lyl
runsw. Dock & C.Imp't
2,457
60ig 6018 Buttenck Co
210 4778 Feb 19 6234 Deo 6
46 '4 474 / Colorado Eiiel »& Iron... 31,600 251a Marl2 .5838 Nov28
•85
Vy Do pret
63 Apr 5 95 Deo 6
151 Col. & Hock. Coal & Iron.
15
8 J'iie2S 19 4 Dec 5
2,200
197 4 1971a Consolidated Gas (N. Y.).
6,850 185 Feb 8 220 Oct 19
130
131 Dec 1
200 lOlia Jan
Continental Tobacco, pref
934 May
264 Novl8
19 4 19 Corn Products
10,910
821. Novl5
Do pref
1,995 65 Mar
761a 77
404 Dec 29
374 37-8 Distillers Securit's Corp. 5,892 191a J'ne
63 66 Federal Mining & Smelt'g
332 431a Nov 10 68 Dec 3
500 71 Nov23 90 NovlO
Do pref
781a 781a
187 4 188 General Electric
14,215 cl51 J'ne20 1944 Nov22
2,400 104 May 20 2553 Dec 13
221a 23
{ nternational Paper
774 774 i Do pref
1,300 64 4 Feb 9 7978 Deo 10
•65
72 4 Dec2o
67
400 26 Mar
Internationnl Power
•38
4136 NovlS
39
Internat'l Steam Pump..
300 28 Sep
87 Nov30
Do pref
400 7Ha Feb
•851a 871a
594 NovlS
554 554 National Biscuit
3,200 36 Jan
• 115
116
250 1004 Jan 16 117 Nov2G
Do pref
24''% 2488 XationalLead
2,100 144 Feb 25 264 Oct 3
•98
98^-2
Do pref
500 80 4 Jan 26 9S4 Deo 30
Xew York Air Brake
500 120 Feb 2 5 164 Nov2S
1541a 157
98 100 North American Co., now
1,910 80 Marl 2 107 NovlO
451-2 IJacillc Mail
55 Nov 11
45
4,200 24 Feb
©op. Gas-L.di C. (Chic) 15,600 9234 Mar 12 1124 Dec 2
1061a 107
May 16 444 Oct 17
364 364 Pressed Steel Car
2,400
8S34 8S34
Do pref
1,550 67 Maylti 92 Dec 5
1-.
21a
Salfs 0)
STOCK
EXCHANGE
Jan. 2b
265f
60
0779
1174 1171a
341a 351a
9638 9634
•9734 lot)
9638
•9734
26
6634
35
981..
351-2
2678
59
6718 68 'b
11634 1171-2
964
Thursday
Jan. 19
251a
594 59 "8
9634
35
•12s 132
22 3g 2l'-',
'JOoiaiOti
Wednesday
Jan. 18
2018
'0734
531-2
21'4
2534
964
304 364
as-iz
Jan. 17
2539
25-'»h
68
I'uesiiati
Jan. 16
Saturday
Jan. 14
STOCK?-;
NEW YORK
207
8139 Dec 19
Nov 18
Feb
Jan
Fob
Feb
2258 Feb
8038 Feb
30 Feb
84 4 Feb
72
Feb
Nov 97 Feb
Sep
OK Feb
95
23534
37
90
1-2
34
'8
Nov
Aug
44 J'ly
5734
Dec
6
Sep
33
95
Nov
2Vug
6338
4034
Mar
Jan
15 Jan
7 9 '4 Jan
15 Feb
O.I
Feb
150 4 Feb
15^4 Feb
6 Sep
Dec 9
1064 Lee 5 71 4 Oct 9634 May
84 4 Nov22
344 Dec 30
7 J'ly 194 Feb
100 Dec 29 304 J'ly 58 Feb
334 Dec 6 10 Nov 397fl Feb
9558 Dec 3 4934 Nov 3934 Jan
444 Dec 5 174 Sep OO^'s Feb
116 Nov29 80 Aug 123 4 Feb
44 Nov29 17 Sep 39"- Feb
250 Aug23 il91 J'ly 249 4 Feb
944 Dec 16 804 Sep 93 Jan
185 Decl7 130 Oct 221 Jan
1984 Nov28 160 Sep 224 J a u
2034
BANKS AND TRUST COMP2VNIES-BROKER.S' QUOTATIONS
Bnnks
JJiii
United
Wash.H'htsi
Weal
Sidel,..
YoikviUeli
..
93
1 250
560
400
Ask
96
UankH
Bid
Brooklyiil
145
Con'yI&BBIi 140
Fir.st
. .
380
Manufactrs'. 3454
•
1
400
Ask
Trust Co's
ProspectPkTI 135
17 th Wardll. i:,o
Sprague
225
SiuyVesant*! 190
UnionTi
155
Wallaboutn
155
.
CITY
Bankers' Tr.
Bowl'g(ireeu
Broa<lwayTr.
C'lR'tyl5&Tr
Central Tr'al
City Trust...
(Njlonial
175
Bid
Ask
tl497
Ave Tr 575
Guaranty Tr 670
Guiirdian Tr 175
410
222
225
163
170
1
tf>754
12205 220r,>4
330
3J0
:;-!5
Oummonvv'th i50
O'JS
Empire
Equitable Tr 660
''40
Bid and asked prices; 110 sales on tliis day. ^ Leas than 100 snares, t
Sale at Stock Exchange or at auction this weeic o Ex stock dividend,
Ex
s
700
130
J<lnick 'rb'k'r 070
Lincoln Tr... 435
Manhattan .. 475 500
Mercantile .. 1995
JIerciiaut.s'..
225
.Aletropolitaii 1636
MortouTru.sl 900 910
Alut. Alliance '205
N Y LifeJi rr 1075
680
rights,
Trust Co.
Ex
Bid
Trust Co'a
Ask
NYSeo&TT
Fifth
N. Y.
290
People'sl;
140
280
130
375
Nassau
410
Nat City
t2954
North Sidell. 250
135
Md
BROOKLYN
A(erc.h.'i,Tit..s'..
Boron gliTl
120
Broad wayi;.. 300
IVust Cos.
FarmLo&TT
Mecliauicsl;
BHOOKLYN
..
Ask
700
North Amer. 295
Real Est T-r't 323
Standard'lT't 390
300
410
itleGr.
Tr >JU5 025
Tr Co of Am. .•20 530
union Trust 1425
'i
;Vi
USMtgitTr
500
Unit States
1
.
Van N'deuiY
1.509
235
Wiusliington. 415
185
Windsor
divuleuU ami rights.
c
certitioitas, "J Banks marked
246
i'95
Trust Co's
Bid
Astc
BEOOKLYN
Brooklyn Tr 1425 t4254
210
Flatbush
325 360
Fraukiiu
320 350
Ha:'jiltou
475
Kings Co
310
L Isl LiJtTr.
250
Nassau
340 345
People's
Wiiliamsb'g. 240 245
with a paragraph
Ci)
are State bMXfca
New York
Stock Exchange—Bond Record, Friday Weekly and Yearly
UCOUl'YIN<i
BONDS
WeelCs
Kanye or
High.
lOo^ Aug'04
N. Y.
Q-J
q.j
104% 104 '8 105
104>2l07i4
1041a 106 14
ti-F
104ig 105
10468 10634
1041a 108
10438 10478
Dec'04
103^4 IO414 1041-2 Aug'04
y-F
q-F
IOII4
ii-J
1051a IO512
107 J'ne'02
104 1-2 Dec '04
10512 105H,
lOSifl
1051^
131 '& Sep '04
130^8 Dec'04
105^106
q-F
106
I30I4I3I
I3II4I32
109
Japanese Govt 6s sterrg.1911 A-O
2d series Gs ctis full paid
Bepub oi Cuba us ctfs full paul Sep
961^ Sale
9i'38Saie
105^4 Sale
lOJ'.^
y-F
IO4I2IO718
IO6I4 IO8I4
104% 108
131
'8
132^8
130';8l34
110 11134
109^ Jan 'U5
Jt'oruiKii <ioverniiieut
t
6b Ol IKIHJ q-J
1954
Co ctfs 4s
.Wl'Mcu
ol
•-!
Speyer
&
s
I
y-
'i'i
State SL-curiticB
Alabama
Class
Class
class
B5s
A 4 to 5
C 4s
Currency lauding 4s
Dist of Columbia 3'05s
1900
1900
1900
192U
1924
t>8
407
97
89
95^2
8934
9234 2020
90
10534 117 98I2IO3I2
too Is Jan '05
t97i2l00i2
943g Sale
94
9412 337 9334 943fc
kese a re pr Ices n the asU ol $5 to S,.
97
t
J-J
J-J
J-J
J-J
101 1^10218 102i4Deo'04
'99 100^4 109 14 Oct '00
K-A
120
103
Louisiana new consol 4s. .1914 J-J
Kortli Carolina consol 48.1910 J-J
So Carolina 4^28 20-40
96I4
9214
10434
121
1919 A-0
1933 J-J
9618 97
931a
97
15 Sale
Small
Virginia fund debt 2-38. ..1991
68 deferred Brown Bros ctfs
95
1021-4
105 12
lOl
10314
96I4
961,
!«
971*
15
9514
16
97^4
95
Dec '04
97^8
10234
11934 11934
105 iv Dec '04
1 03 14 Dec'04
136 1-2 J 'ly '01
120 Mar'OO
...
lOl^a...
Tenn new settlement 38. .1913
102
102i2Mar'02
11 1
Mar'02
11934 Oct '04
95
12
911a 9738
61a leia
150
Kailfoad
Alabama Cent tiee So Ry
laba
Aliill iSee
At Coast Line
Albany cfc Susq aee Del <fe Hud
AllegUeuy Valley tfeePeuu
KK
AUeg & West b'ee Bull R P
Ann Arbor Ist g 4s
/il995
cfc
Q-J
T&
S Fe gen g 48.. .1995 A-O
1995 A-O
Adjustment g4s
ft.1995 Nov
Atcli
Registered
9734 Sale
103^4 Sale
1011^
96 >4 Salt
Series E
Series F
Series G
Series
Series 1
Series
J907
1908 FA
1909 F-A
1910 F-A
K
1911
K
19l3
East Okla Uiv Isl g 48. .1928
At! Knox & Kor Ist g us. .1940
Atlantic Coast 1st g 4s./tli'02
Cbarles & Sav 1st g 7s.. 1936
1st gold 6s.. 1934
Sav if &
1st gold 58
1934
Ala Mid Ist gu gold 5s 1928
Brans &
1st gu g 4s 193S
SU Sp Oca & G gu g 4s 191^
Atlantic ili lianv Hee Soutb Ry
Atlantic & Yadk aee Houtli Ry
Austin ife K
Aee Sou Pacific
Bait &01110 prior lg3 128.1925
Registered
/a925
Gold 48
/i,194b
Registered
;a948
Conv deb 4s
1911
W
W
W
FA
FA
M
.;
S
-D
M-S
J-J
10138
9934 uct
W
II412..
-Vl-N
II11.J
J-J
9«
J-J
.'
'..'
971*
.
J-J
q-i
9534 Sale
104 Ja Sale
9534 49 92^8
9214
10434 128 IOOI4
104^ 1041*, 6 100
2 97
lOo
105
87 la
91 12 Jan '05
208 92 Hi
9934
100 14
9238
9234 132 S71-4
9014 J'ly'o-:
M-S
92^4 Sale
Registered
&
West
Buflalo a Y 6o
<fe
BaUalo
Bull
<fc
108 "a.
1111-2.
1211a
119i2Mar'04
100
100
96
10334
103
106
9234
100 12
94
105%105%
105'2Mar'()4
108 Sep '04
^ysi».
063,
108
109Hi
119%122
isrov'04
Sep 'Oi
loo
100
98
100
iiee
IITH;
lOOia
J-J
101
F-A
J-D
1261a..
125 12612 12434 Jan '05
<fc Southwest
Hee Kiie
Susq 1st ref g 48.rfl951
Registered
115H! Dec'04
•U-E
A-O
.
98 >a 9334
.
10134
..
Isl 5s
^2d 58
Registered
1927
1908
1913
1913
121%124
97%100i6
99
101
120i2Nov'04
113
CRlFdjxV Wl8tgu5s.l921
121%121%
1013^
119^....
120i2Mar'0;-;
112 12 Sep '04
1934
M & St L Ist gu g 7s
113%117''6
103 Apr'97
120 la 120 12
97»4
10134
Bur Cedar R <fc No lat 58.1900
Con let & col t,rustg53..ly34
Cunada South
Kov'04
H
All Coast L
Erie See Erie
Bvittalo R <fc P gen g 08...1937
All <fc West 1st g 48 gu..l99S
Clifc Mali Isi gu gos
1943
Rocli tSi i'ltts Ist g 6s. ..1921
Consol Ist g 6s
1922
Bruns
'04
95 14
96
gS'ijS... 1925 J-J
K
99-4
112=81^258
109 11414
93
93
9734 98
I04I4
y-J
xo
9934
112'»8Jan'04
4 14 Oct '04
1
93 J'ly'04
9734 Oct
A-O
/il925 '.J-J
Ist gu g 68. .1919 F-A
Cen Oiuo R Ist cg4'28.. 1930 .U-S
Pitts Clev & Tol 1st g 6s 1922
Pitts & West Ist g 48. ..1917 J-^
J P il & Co certfs
Bat Creek & S tiee Mioli Cent
Beech Creek See
V C <fc
Bellev <fe Car Hee llUuois Ceul
Montauk Hee Long 1
Bklyn
'04
99i2Nov'04
083* 99%
99 '4 Dec'04
yy'a ....
99 14 99 14
9918
99 12 Jan '05
97% 97%
98'8
9Si2Nov'04
98% 98%
Orfi*
97 Oct '04
9634 97
99
99 Nov'04
92 14 99 14
11234 iie" 112'2Nov'04
112 112%
10134 Sale 101 la 102
174 91 10134
140
130
125isNov'03
A-U
A-O
Mouon Riv
87 ^4 98
821a 8212
871a 95%
98 100
1003*,
91^
PJun&MDivl8tg3'i.Ml925 .Vl-N
Va Sys ret 481941 M-N 100 14 Sale
P L E dc
Soutliw Div 1st
91^8 9914
98^8 104
99 10334
-
,
95i6Sale
Registered
?il995 Xov
95 .
Stamped
/i.1995 M-N
Debeniures 4s Series D.1906 F-A lOlig
FA
973^ 30
97
103 la 103 '> 166
'04
101 Dcc'L. ""7
95I4
9514
82 "a Jan '04
95
9538 "ik
99 Aiag'04
lU33bSale
107 108
115% 122
116% 112%
102% 106
103
10369
1071a 108
107 J'ly'04
& Shawn Hee 111 Cent
Carolina Cent Hee Seab Air L
Carthage & Ad See K V
H
Ced li la E <& N See 15 C B & K
103^8
lO^SftlOO
107
105
CarU
<fc
Cen Branch U Plstg48...1948 J-D
Ceil ilranch
Cen
04
9414,
Jan '05
90
Hy AeeMoPac
RU& Bol Gacol g 58 1937 iW-X
Cent o£ Ga RR Ist g
Consol gold 08
5h.. 2^1945
Registered
Ist prel income g 5h
2<1 pret lucume g as
3d pret income g os
F-A
1945 M-N
1945 M-N
^1945 Oct
pl945 Oct
;»1945 Oct
110
n9'-2i2i
113i4Sale
,
110
Jan '05
1203.;
Oct '04
1131s
107
9
71
61 12
Sale
Sale
Salt
9134
71
61
106=8 tl'-2%
116% 12034
61 10334 114
11368
105% 107
J'iie'04
'
23
71W, K'9
62
26l
92
6534
93
2S
747fi
IS
05%
lUl.SiUliJ..l..AiNiC<i8J.*'
Street
96
Brooklyn Rap Tr g os
1945
l8t refund conv g 48
2002
BkCity Ist con 58.1916, 1941
Bk y Co & S con gu g 53.1941
Bklyn Un El Ist g 4-68.1950
Kings Co El Ist g 48.. ..1949
Stamped guar 4s
1949
Nassau Elec gu g 48
1951
City &, S Ry Bait 1st g 58.1922
CounRy<fcLl8t&refg4%8'51
Den Con l-r Co Ist g 58...1933
Den U'rain Co cou g 68. .1910
Mel Ry Co 1st gu g 68. .1911
Del (,'it St Ry Istcon g68.1905
I1OUI8 Ry Co iBtcon g 53. .1930
A-O 10878 110
J-J
J-J
M-N
F-A
F-A
P-A
J-J
99% 109%
108% Jan '05
><4%Salc
85 285 72 76 8
84%
10738 110
107'8
109%NoV04
100
100
106=8 106 Jan '05
112% Sale 112% II3I4 30 100 111
93 w.
8 S2
93
93% Salt. 9234
93'., 188
9234
93 Sale
92
93
88 Sale
88
61 79% 90
82
'.J
J-D
98%.
A-O
J-J
J-J
98
Jan'O
95
J-J
J'no'OO
90
104'
103
109
J-J
J-J
Nov'ol
Mar'98
10034
Bid
J-J
J-J
J-J
Ill
135
10334
I0214.
Lo'W Higlh
92%
91}
104
104
107
14107%
128
,„
136%.
134
12
.::7%133=,
11% 114%
104 14 Jan ^05
.
102
104«4
102%
100
104
10134
.
107% 107%
111% J'ly'04
107%....
lOg'e....
106% 10934
109% 111%
119 119% 119
119%
11434 120%
115
117% Oct '04
113 lis
108^8 Sale IO834
109 111 100%108%
103 Apr'Ol
112 ....
112 May'03
102 102% 1013, Jan '05
99% 103%
96
98 Dec'04
94% 99
111%
106% Oct
96
84 14 8476
102
96
'02
95% Sep '04
84 3»
84%
19
81
83 266
8334 Apr '02
10434 Apr'Oo
lOlSj Jan'Oo
8278 Sale
96% 35
96
Sale
90% Apr '04
106%
110%
103%
106% 107
100% 102%
103% 107
1061-4
10034
Dec '03
Feb '04
10614 108
11334
105=8
106
Dec'04
105
120
121
120
120
117
118%
....
....
112% 115
114% 120
13458
112% 117
'04
126% 132=8
111%116%
116% Nov'04
109% Jan '05
178 Jan '05
109%....
185
10934 110
10934
112
109
109%J'ne'04
98% Jan '05
*97»4
115»6
11834
Dec '04
97%
Dec'04
110% .110%
109=8 11^^4.
11434 ll.S%
116 117% 117
117%
111%.... 112% Nov'04
132%.... 137%J'ly'99
114=8.....
11434
10534
'178 180
114
105 78.
10934112%
Jan '05
118%
11638
106 Aug'04
169 Mar'04
113 Aug'04
1073gOct '04
106
169
110% Jan '05
..
110%111
110% 113
lU
IO9I4
115%
111%
9878.
1153a 120
120
liO%lll
184
111
107% 112
109% 109%
116%Apr'03
....
112%
108
169
109
10934
110% 112
129
129
121
Sep
10034
108%
10538 lt>S%
Dec '02
134
117%,
134
114
100
105
-
113% Dec '04
105 Jan '05
133% 13334
134
97%
91
105
Nov'04
102
102
99
91=8
105=4
10934
10934
10534 Aug'04
l(J6i4
95% 95%
81% 85%
74% 82^9
90%
110% Jan '05
101
Sep
106
169
112% 113
....
129%....,
10534
10934 112
'04
116%
110% 112
114% 118%
127=8 130%
114
10234 105
102=8 102=e
102=8 Mfty'04
100
96% 100%
100
Nov-gS
Dec'04
100
103
116
115%
111%11S
114%115ii 111% Dec '03
110=6
11034 Dec'04
107 Mar'04
108%
104% 107
103%
111=8 113%
104%
110%....
117 ....
116
10739
106
115% Jan '05
110% Dec '04
116%Jan'05
129 14 Jan '05
104% Dec '04
116% 117
108% 11034
10834
115=6 Dec'04
106
104%
107
103=8 108
104%
107% 110%
104
Mar'04
104
112%
112%
Jan '04
10834 10834
116% Nov'04
115% 118
114%116
104% Nov'04
105% May'04
104%10i%i
105% 105%
10634....
10738
105=8
105=8 NoT'03
10934 J'ne'04
109%
129% Sale 129% 1291-4
121%
119% Nov'04
133
142% Feb '02
131=8
131% Jan '05
102%
103 Apr '04
1U4
io9%ii2%
126=6 12934
117% 119%
13134 133
103
Sep '03
12234 Jan '05
124 Nov"04
103
109
122%
121%
106
,
106
107
Sale
"9834 Sale
100%
121=8
120
59 101
10C36
Jan
07^6
,
96%
'03
99 % 845
101% Sep
'04
-
9534
i:-!o
124
106%
"97""
101% 101%
97
97
96
.
93
94
90
96
93
94
1578
66%
7t)% Sep '04
95 %
U73h iigo
,
,
94%
94
.
.
7034
97
9434
9434
,
14
8 2 7g Sale
J'ly'04
96
93
94
90
Way'04
May'Ol
Dec '04
May'04
82%
97% Sale
108%
109
109
103
'6
15
iiii)"
!!!"
93%
Sale
lOG3j
83
Dec'04
Jan '04
sop '04
J 'ly
"04
ViO
^27^
76%
96%
73
10i-''8l0'.l
10378 1037^
95
95
104% 1063,
I'aite.
Street llaii'vvay
Met St Ry—rConjRcf g 482002
J/CX Av<fc PFlstgug5s 1993
Third Ave RR cou gu 48 2000
Third Ave Ry Isl g 5s. .1937
iMcl
S Kl iChic) 1st g 4s. 93.S
Mil El By &. L 30-yr g os. 1926
.Minn St Ry Istcon g 6s. .1919
SI Jo Ry lit llcfeP 1 St g 5s. 1937
St Paul CUy Cal) con g 5«.1937
Underground Elec Rys of Lon
don Profit sharing 5s. ..1908
Union 101 (Chic) ImI g 5s.. 1945
United RRs San Frst 4s. 1927
United Rys St L Ist g 48.1934
VV ChicSt 40-yr coiisg 58.1930
)
A-O
J
FA
95
J
F-2\
J •J
'4
118
96
J -J
Sale
Sale
93
93%
93%
120 '4
M -s 120%
120 14
9478
116%
953^
118
Jan
90
'05
Oct '99
*io5%!!!!!] 106% Nov'04
S9
114
93%
113%
:
9'.)%
933g
116
:
94
106
103% 106%
M-Nl
J
J
A
A
J
.U
J 111%112%
D
J
07% Sale
873o
.Sale
86
N
Ry gen col tr g 68.1997 FA 119 11914 11978 121134 23 12% 11876
iian and Klcctric Liiglit
Bway&7thAvl8tcg58l913 J-D
1778 120
117% Jan '05
112%11S
"6 116%120
Col
9th AV 1st gu K 58.1993 M-S 121 121% 121
.\tlanla G L Co Istg 58...194' J -D
121
•No price JTiiday; latest price this weeK. a Due Jan (i Duo Apr « Due .Miiy (/Uue.J'ne /lUueJ'ly ttDiioAug
Jiet St
1
II4I4 Dec'04
105 %
M
W
Ao
95
Feb '04
134
.
112%.
W
.'xi-xt
Tear
J'ue'99
I0714 Aiig'04
134«B Vi4.<^t>
.
105
Mange
1W4
Uii/k
95
104
102
.
134
n
on
Ask Low
94%.
108%.
108%.
J-D
J-J
Q-J
Am Dock & Imp gu 5s. .1921 J-J
Le <fe Hud B gen gu g 5s 1920 J-J
Leh & Wilks B Coal 5s.. 1912 M-N
Con ext guar 4%s
jrlOlO Q-M
N Y & Long Br gen g 48 1941 M-S
Cent Pacific See So Pacific Co
Clias & Sav Bee Atl Coast Line
Ches <fc Ohio g 68 ser A../il908 A-O
Gold 6s
al911 A-O
let consol g 5s
1939 WI-N
Registered
1939 M-N
General gold 4 %s
1992 iW-S
Registered
:1992 M-S
Craig Valley Ist g 58.. ..1940 J-J
B <fe A Div 1st con g 4s.. 1989 J-J
2d consol g 48
1989 J-J
Warm Spv Val Ist g 5s. .1941 P^-S
Greenferder Ry 1st gu g 48 '40 M-N
Clue & Alt RR ref g 38. ..1949 A-O
Railway 1st Uen 3%8...1950 J-J
Registered
1950 J-J
Olilc B & Q— Ch & la D 5s 1905 F-A
Denver Div 4s
1922 F-A
Illmois Div3%s
1949 J-J
1949 J-J
Eegiatered
Gold 4s
1949 J-J
Iowa Div smt fund 5s.. 19 19 A-O
Sinlangfund4s
1919 A-O
Nebraska Extension 4s. 1927 fifl-N
Begistered
1927 fifl-N
Southwestern Div 48
1921 M-S
Joint bonds See Great North
Debenture 5s
1913 M-N
Han & St Jos consol 6s. .1911 .VIChic<a E IUlstsIciir6s.l907 J-D
Istconeolg 6s
1934 A-O
General consol 1st 5s
1937 M-N
Registered
1937 M-N
Chic <& Ind C Ry 1st 6s.l936 J-J
Chicago & Erie See Erie
Chic In ife Louisv ref 68... 1947
Refunding gold 5s
1947
Lotusv N A & Ch 1st 68.1910
Cliic Mil &, St Paul con 78 1905
TeiTninal gold 53
1914 J-J
General g 4s series A..el989 J-J
Registered...
el989
General g 3 %s series B.el989
1921 J-J
C1UC& LSuDivg5s
Chic & Mo Biv Div 58. -.1926 J-J
1910 J-J
Chic & Pao Div 6a
1921 J-J
Chic & P
1st g 5s
Dak & Gt So g 5s
1916 J-J
1924 J-J
Ear &, Sou assu g 6s
1910 J.J
Ha8t<feDDivl8t7a
1910 J-J
Ist 58
„
190S J-J
I& D Eiten I8t7s
J
Lacrosse & D Ist 58. ...1919
J
1910
Mineral Point Div 6s
J
1910
So Minn Div 1st 6s
J
1909
Southwest Div 1st 6s
J
1921
Wis & Minn Div g 5s
D
MU & No Ist L 6s.. ..1910
D
consol 6s
.1913
1st
F
1915
Chic ifeNorthw cons 7s
1886-1926 F-A
Extension 4s
Begistered
1886-1926 F-A
General gold3%s
1987 M-N
Registered
pl987 q-F
Sinking fund 6s... 1879-1929 A-O
Registered
1879-1929 A-O
Sinking fund 5s.. .1879-1929 A-O
1879-1929 A-O
Begistered
Debenture 5s
1909 M-N
Begistered
1909 M-N
Debentitre 5s
1921 A-O
Begistered
1921 A-O
1933 Wi-N
Sinking fund deb 5s
Registered
1933 M-N
Des Mo & Minn Ist 7s.. 1907 F-A
Milw& Madison 1st 6s. .1905 .M-S
1910 M-S
North lUiuois 1st 5s
Ott C F & St Paul 1st 58 1909 M-S
Winona <fc St Pet 2d 7s. .1907 M-N
MU L S & West 1st g 63 1921 M-N
Ext <fe Imp 8 fund g58 1929 F-A
Ashland Div 1st g 6s.. 1925 M-S
Mich Div 1st g 68
1924 J-J
Convertible deb 5s
1907 F-A
Incomes
1911 M-N
Chic Rock Isl & Pac 68... 1917 J-J
Registered
1917 J-J
General gold 4s
1988 J-J
Registered
1988 J-J
lst<fe refunding g 48
1934 A-O
trust Series C 48 .. 1905 M-N
Coll
1910 M-N
H4s
1915 M-N
M48
1916 M-N
N4s
1917 M-N
48
P4s
1918 M-N
Chic &1&, Pac RB 4s. .2002 M-N
Remsterod
2002 M N
1913 M-S
CoU trust gold 58
Choc Ok <fc G gen g 58 .olW19 J-J
1952 M-N
Consol gold 53
Des M & Ft O Isl 2%s.. 1905 J-J
K6ok& Des -M Istos
1923 A-O
BONOS—Codtiiiueii
Unilway
Jan'^O
Chatt Div pur mon g 48.1951
Mac <fe Nor Div 1st g 6S.1946
Mid Ga & At! Div 58.. ..1947
Mobile Div 1st g 58
1946
Cent of i\^ J geu'l gold 5s. 1987
Registered
/i,1987
'^-^
Week's
Jianye or
Last Sale
t'Tice
STOCK EXCHANGE
aqoo
1904
Week ENDiNfj Jan 20
Ao Ix>w Migh Central ol Ga— rC'o;i«i)iMPrfJ
Year
Last Sale
Ask Low
Bid
U. S. (Toverniiieiil
U S 2s consul registereii.ril930
V S 28 consol coupon dl930
U S 3s registerea
fcl918
U S 3s coupon
A;1918
U S 38 reg small bonds. .fc]918
U S 3s cou small bonds.. fcl91>^
U S 4s registered
hl907
U S 4s coupon
/(190
U S 4s registered
192.
U S 48 coupon
1925
Pbilippine islands 48.1914-34
BONDS
Mange
i*rice
Friday
Jan no
STOCK EXCHANGE
Week Ending Jak 20
N. Y.
FOUR VAUE
J'ly'04
110
97%
110
9734
97
109 '"Doc '99
8738
873,
85 %
9LI
86
75%
79%
l)(i
•
,s
Dec '97
1
1
cfc
Duo Oct
j>
Due Nov sOption
sjile
;
Jan. 21,
Bond Record—Continued—Page 2
19ii5.|
BONI>S
Chic&StLi Sf « AtcliT & Sa Fc
Chic St L <fc N O See 111 Cent
Ohic St L & Pitts See Penn Co
<fe O con 6s. ..1930
Ohio St P
Cons 68 reduced to 3H:S.193i)
Ch St P iSb Mum IstgCs 1918
Nor Wisconsin l8t68...1930
St P <fe S City 1st g 68. ..1919
Chicago Ter Trans g 48. ..1947
,
M
i
i
,
WeeJCs
Jan
J-D 134J4
94I4
J-D
J-J
A-O
i'-;4^4
99
97
Cin S
& St L
L,
SeeBR&F
,
Hale
Sale
Mali
Clev Cin C & St L gen g 4s 1993
Cairo Dlv 1st gold 4s. ...1939
«&
Div l8t g 48.1991
Cin
St LDlTlstcoltr g4s..l990
1990
Registered
Spr <fc Col Div l8t g 4s. .1940
Val Div l8tg4s... 1940
CI St L & C consol 63. .1920
<fe
W M
WW
J-D
J-J
J-J
M-N
M-N
M-S
J-J
M-N
...A:1936 Q-F
fcl930 Q-F
1st gold 4s
Registered
& CI con 1st g 5s. .1928
1914
I consol 7s
1914
Consol sink fund 78
General consol gold 63. 1934
Registered
1934
Ind Bl &
1st pret 48.1940
Cin S
CCC&
J-J
J-D
J-D
J-J
J-J
W
W Ist pf 68...itl938 A-O
Q-J
Peotfc East 1st con 43. ..1940
O
Ind
12934 12934
124i4Dec'04
120 12414
88
99 198 721s 86
85 la
97 1993
113 Dec '04
110 113
10412
U3
98
Dec '03
Oct '00
113i4J'ly'04
Sale
9834
IIII4II3I4
97
9911
99
See C C C
S«e C C C St
&C
Clearfield
130i4l32i«
<fe
A-O
1990 Apr
Income 48
CI Lor & Wh con 1st g 5s. 1933 A-O
Clev & Marietta See Penn RR
Clev & Mahon Val g 5s... 1938 J-J
Clev <fe Pitts See Penn Co
1947 J-J
Col Midland 1st g 4s
Colorado & Sou 1st g4s... 1929
Colum & Greenv Sm So Ry
Col & Hock Val See Hock Val
102
\0\^
955910312
9934IOII4
9816
98
9934 103
99 100
\(i2h,
9978
100 J'ly'04
?8
98isJ'ly'04
»8 Sale
102
102
102
100 Oct '04
99 ,...
102 Dec '02
99i2l01ii 94i2.^"g'03
10539. ...
105 Jan '04
I0218-...
100 Nov'04
106
100
II214
112
122=912534 123
Jau'O.T
Dec '04
IIOI2II5I4
123 126
132i«.
Sep
128
130
99
98
,
'04
130
ioi'iiNov'oi
99
75
993^
95 10034
7434
58
1121211212
76
11534
112i2Feb'04
114
116
75
Sale
9134 Saie
Feb'04
116
116
84
7S
7519
911a
92 14 102
50
82
7712
94
W
M
K <fe T
aUas & Waco See
Del Lack & Western 78.. .1907
Morri8<fe E8sexl8t7s...l914
1915
l8t consol guar 78
Registered
1915
2000
letref gugSi^s
.1921
Y Lack <fcW Ist 68..
IConstruction 58
1923
1923
Term & improve 4s
Syr Bing&N Yl8t78..1906
i
N
I
I
i
Warrenlstrefgug 3 "28.2000
& Hud Ist Pa Div 7s.l917
I
Del
I
1917
Registered
.U-S
109'4
M-N
110 Jan '05
128 la Dec '04
129=8 Dec'04
130
130
12818.
129'8.
J-D
J-D
J-D
J-J
FA
Wl-N
.
Denv& R Grist con g 4s. 1936
J.J
Consol gold 4^8
1936 J-J
Improvement gold 58. ..1928 J-D
Bio Gr West Ist g 48
1939 J-J
Consol and col trust 48 1949 A-O
Utah Cent let gug 4s al917 A-O
Rio Gr So gn See Rio Gr So
Des Moi &PtD SeeCB&IP
Des M & Minn 6'ee Ch & N
Des Moi Un Ry 1st g 58.. 1917 M-N
W
Det M & Tol See L, S & M So
Det <& Mack let lien g 4s. 1995 J-D
1995 J-D
Gold 48
1951 J-D
Det Sou Istg 48
Ohio Sou Div 1st g 48.. .1941 MS
Range 1st 68.. 1937 A-O
Registered
1937 A-O
DoliSi Iron
i
2d 68
Dnl So Shore
1916 J-J
g 5s.. 1937 J-J
& AU
L'^astof Minn SeaStPM&M
ILast Ten Va
Ga See So Ry
Elgin Jol & East 1st g 5s. 1941
Elm Cort & N o
Leh N Y
127 12934
IIII4II512
103
103
Jan '05
Jan '05
Feb '03
13334 Mar'04
IOOI4 10534
10634
108 14 109^8
102
107
108
99
90
86
102
149 Aug'Ol
104i4Dec'04
1093b lOgig
Sale
98=8
dO\ 90
Erie l8textgold4s
Jan '02
W
Wl-N
97
96
96
73
92
II6I4II7
114
99I2IIO
'04
100 Sep '04
95 >2 Dec '04
70 Jan '05
11134
,
J-D
100
136
,
110
Jan '05
,
114
J'ne'04
11334 J 'ly '04
10938 Sep '04
J-J
J-J
J-J
J-J
101 7g Sale
92 la Sale
9812 Jan '04
91 »8
92 I4 371
F-A
A-O
J-D
95=8 Sale
IOOI4 Sale
1251a
J-J
104
iW-N
1221a
105
I35I2
13434
13434
115i2l20i-i 118 J'ly'04
,
,
137
1321^
,
Nov'04
88
9559
9534 88
IUOI4 570
99
127 Is Nov'04
106 Dec '04 '2
122 1« 12219
103 Oct '04 '2
112
117
J-J
11418....
11512
F-A
106
104
M-N
M-N
....
....
....
3I034IIH4 111
1171^
....
llO'g
11018.
.
II712
10812 103 '2
109i2ll5''8
II512
98 104
10112 110
II3I2II7
II712 20
Dec'04
Jan '05
1093^ Dec'04
10878 111=8
109^eJan'05
IO6I2II2I2
.>ilSCKI.I<ASE()US
and Electric liijElit
Bklyn U Gas 1st con g 5s. 1945 M-N
ButtaloGas Ist gos
1047 A-O
EuKllUBkn SeeKCoEL&P
Ed E lU See N Y G & E L H & P
EqG LN Y Ist con g 5s. .1932 M-S
Kq G & Fuel See P G & C Co
Gae& ElecBergCocg53.1949 J-D
11634 Sale
llO^s
116^4
69
17534 Sale
99
100
&
Nov'Ol
17519
177
101
105
114
112
4''ir2i4ll7i2
70I1
54
61 171-'8l9-''4
95«4 101
Dec'04
J'ne'03
10734
10814
Extended Ist g3i28
l8t gold 33sterUng
30
Oct '04
Jan '05
9GI4 Oct '04
aDueJan
88
911-j
10379109
100 300
126
price Friday; latest bid and asked this week.
1951
1951
1951
1951
1951
1952
1962
J-J
J-J
J-J
A-O
M-S
CollTTast gold 4s
A-O
Registered
A-O
LNO&Texgoldl». ...1953 M-N
Registered
1953 M-N
Cairo Bridge gold 48
1950 J-D
liouisville Div gold 3i23.1953 J-J
Middle Divreg68
1921 F-A
1951 F-A
Omaha Div 1st g Ss
St Louis Div gold 38
1951 J-J
Registered
1961
Gold 3128
1951
Registered
1951
Spring Div l8t g 3128...I95I
Western Lines 1st g 48. .1951
BeUev&Car Ist 6s
1923
Carb& Sha-w 1st g 48... 1932
Chic St L & N O g 5s.. .1951
Registered
1951
Gold 312S
1951
Registered
..1951
Memph Div Ist g48...1951
St L Sou Ist gu g 4s
1931
Ind Bl & West See C C C & St L
Ind Dec &
1st g 5s
1935
Ist guar gold 6a
1935
Ind lU & la 1st g 48
1950
Int & Great Nor 1st g 68.. 1919
2d gold 58
1909
3d gold 4s
1921
Iowa Central Ist gold 5s.. 1938
Refunding g4s
1951
W
Jetterson
105
110
85
10 ^s Sale
85 12 87
Hiiih
123
101
107 12
104
107
104
116
II)
J'n6'02
Mar'98
11034
10234 11134
85
89
71
10413
103 Is Dec '04
101 la Sale
101 ifi Sale
100
100
IOII2 1192
101 le
4;"
IO3I2IO5
104
IO6I4
22 102
109 14.
109^8
109
10512 J'ly '04
10014 Apr '04
103l2lll'2
10.') 12 10712
I00>4ll0'4
113 Nov'04
II312 Mar'OO
113
I
'1
10134 104 "a'
001.;
90
101 la
100
103
RR
J-J
J-J
J-J
Ill
"99"
105
102
94
99 14
70
105
102
106
101
.
10319.
10459
.
3
04
9434
95
123
86
85
.
.
81
J-J
J-J
J-D
106
101
102
101
Apr '04
Jan
'05
93^4
97 14,
8434'
"mii
jSIav'U;)
Jaii '05
Nov'04
80
85«8
93
96
....
123
114
124
123
96
106 la 110
1053, I07I4
12412 124 Hj
118
87
98I9
110 12 Jan'05
103 Nov'04
109 14
107 '4
M-S
70
70
02I2IO6
9358J^l»y'04
F-A
J-D
M-S
J-D
J-D
J-D
J-D
J-D
M-S
MS
Oct '03
Oct '04
105
Oct '01
106
101 la Oct '99
100 Nov'OO
10534 Nov'04
124i2Apr'04
Nov'98
•0
I2314 Jan'05
11934 Mar'04
9214
I0719
M-N
M-S
Mai-'03
9414 Aug'04
95
J-J
J-J
115
IOII4IO2
IOGI2 iMar'03
,
108
Ang'04
102
Mar'04
106
106
i
I
11934
I02i2l0'i
IO712 Dec '02
9958 Dec '04
121 Jan '06
101 14 10214
7412
7012
1141211614 II414 Jan'05
86 12 Sale
86 12
86
99I4
121 122
102 14 Sale
7 4 12 Sale
»2
103
106
98 101
11s5h122
97 lOlVs
723*
68
109
'a
11434
85
8b
68
7314
See Erie
See L
Kal A & G R See TolS &OM S
an & Mich
& C
K C Pt S & M See St L & S F
KC&MR&B SeeStL&SF
Kan C Pacnio See M K T
<fe
Ist gold 38..1950
Registered
A-O
74'2Sai«
721a
1950 A-O
63
74
12
:47
Oct '00
6
11934
11234 Nov'OJ
1171a 11912
iisi-jieoM
A-O
119^4 Sale
11214
119 >a Sale
no
iie^j
M-N
lOSVj
107
IO8I4
J-J
J-J
110
IO8I4 Jan '05
111!% Dec'04
1043,
UlSg
105
Jan '04
U0>2 Nov'04
105
116
109i2Oct '99
108 Dec'04
99 Jan'05
105
1161a
107
111
99
1061a Nov'04
lOOOBlOeHl
J-J
J-J
A-O
A-O
J-J
101
119
113
110
n9»4
i-j
,
9834
M-S
M-S
A-O 108 Ha.
A-O 106 lu.
117
99
,
11012 11412
92
118
118
II714
IOII4
Q-J
00 Hi Dec
105
105
99 k Oct '04
IO2I2 103
110 J'ne'04
I0314
103
110
lOOialOS
105 '4 Mar'03
112 Mar'02
107 12 Sep '04
109 Nov'04
IO3I2 Dec'04
119 Jan '05
117
117
10234 IO3I4
107133071a
109 109
100l4l04'8
II6I4I22
114iall7
98 lOi^s
M-S 105
96
J-D
M-S IOII2
J-D 113%
MS
M-S
M-S
N VB<feMBlstcong5sl93o A-O
N Y & R B Ist g 5s
1927 M-S
Nor ShB Ist.con ggu58ol932 Q-J
Loiiisiana& Ark Isl g 58.1927 M-S
l.ouisv & Nashv gen g 6s. 1930 J-D
Gold 5s
1937 M-N
Unified gold 4s
1940 J-J
Registered
1940 J-J
Coll trust gold 58
1931 M-N
6-20-yr col tr deed g 48.1923 A-O
E & Nash 1st g 6s
1910 J-D
H
103i4Sale
109
105 12
115
IIII4
11134
IU312
119
120
117Hj
103 Sale
115
99
Sale
II4I4
1
116
II714
'04
98 103
100 101 la
99 14 99 14
96"8l02i-.»
110
101 'a J'ne'04
lOlTalOl'^B
II5I2 Dec'04
109 llOS
9834
99 160 96I4 991.J
IIII2 11534
114 Dec'04
on Next Hase.
Electric Light
LacGa8LofStLl3tg5s.el919 Q-F 109
1 09 14 Jan'05
Mil-waulcee Gas L Ist 4s.. 1927 M-N
90i4J'ly'04
9012.
.Uut Fuel Gas Co .bee i'eop Gas
N Y G E L H <fe P g OS.. .1948 J-D 110 IIOI4 110
310
Purchase monev g 48. ..1949 F-A
94 ^g
97
9612 Sale
Ed El 111 1st coiivg58..1910>M-S 105 12 10612 105 "a 105>g
1995 J-J
F-A
M-N
A-O
M-S
ChG-L&CkeLstgag58 1937 J-J
Con G Coof Ch 1st gug 5s. '36 J-D
Eq G&FChlstgng 68.1905 J-J
Mu Fuel Gas Isl gug 5s. 1947 M-N
119 l-'O 120'2J'ue'04
IO712IO8I8 10734 Dec'04
100 Mar'04
12.')
Jan'05
1003^ Dec'04
107=8
109
Iu9 Sale 109
I0712IO8 10714 10714
101
10334
100i..2Jan'05
llO"*
105
.
XY<i:QKlL<*Pl,stcong5sl930
Rich Gas 1st g 58.1921
reo Gas & C Isl con g 6s. 1943
Refunding gold OS
1947
Dec '00
Dec 04
100
5s bl952 J-J
See So Pac
See So Pac Co
Illinois Central Ist g 4s. .1951 J-J
NY&
Nov'03
61 12 Oct '01
91 14
91 '4
.
W Tex
1st consol gold 5s
'.
* .bio
.s;
116
Oct '04
11334 Jan'05
.
1
High No Lo
Nov'04
Oct '04
Houst&TexCen
Gas and
Gen Electric dob g 312S..I942 F-A 9134.
&r Hap G L Co Ist g 68.. .1915 F-A
Hudson Co Gas Ist g 5s. .1949 MN i08^
Kail City (Mo) Gas Istg 581922 A-O
Kings Co El L<fePg5s...l937 A-O 108
Purchase money 68
1997 A-O 120 127
Kd El II Bkn let con g 48 1939 J-J
94
\
&t
l8tcon,solg4i2S-1999 J-J
Recistered
1999 J-J
Coiife H V Ist ext g 4s. .1948 A-O
BONUS— Continued
dias
Consol Gas conv deb 68
1009 J-J
Cocsuiu Gas See P G & C Co
Detroit City Gas g 5s
1923 J-J
Det Gas Co con 1st g 58...1918 FA
1 1st ref
See
Han & St JoSee N C B & Q H
ousatonic
Y' N H c&
Kentucky Cent See L <& N
100
Keok & Des Mo See C R I <fe P
95 12 KnoxvlUe & Ohio See So Ry
70
37
Lake Erie <feW Istg 5s.. 1937
66 12 90
2d gold 5s
1941
North Ohio Ist gu g 58.. 1945
10934 117
Sho & Mich S See N Y Cent
L
Lehigh Val (Pa) coU g 5s. 1997
111 II312 Leh ValN Yl8tgug4i2S. 1940
Registered
1940
Leh V Ter Ry 1st gu g 5s. 1941
Registered
113 II718
1941
Leh V Coal Co 1st gu gos.1933
Leh & N Y Ist guar g 4s. .1945
114 114
Registered
1123911334
1945
lOSijlll
1st g 1st pf 63.1914
Gold guar os
1914
111 11412
IOII2I0312 Leh & Hud R See Cent of N J
131i8l35i« Leh & WiUcesb See Cent of N J
Leroy <fe Caney Val See Mo P
9612 1021.., Long Dock See Erie
9812 98 H, Long Isl'd— 1st con g5s.7il931
93 12
1st consol gold 4s
ft.1931
84
General gold 4s
8534 88
1938
9534
Ferry gold4ia8
1922
Gold 4s
9512 96
1932
125 14 1271b
Unified gold 48
1949
Debenture gold 5s
106 106
1934
Guar ref gold 4s
116 123
1949
Bklyn& Mont Istg 6s.. 1911
103 103
Istos
1913
130 132
II3I2 11834
113i2Nov'03
117
117
WIN
FA
W
?i
Honst E
.
i-'ear
1904
RR
E & Q coll tr 4s 1921 J-J
Registered.
1921 Q-J
Greenbrier Ry See Ches & O
EIC&N
111 May'04
101 "2 Dec '04
I36I4 136I4
5
130 Aug'03
101 la 101^8 188
MidRRotN J Islg6s.l910 A-O
\VLlk<fe Ea 1st gug 58.1942 J-D
Erie & Pitts See Penn Co
,
108
II5I4
J-J
NY
123
106
112
104
.
itange
2
9212
117i8 0ct '04
117
A-O
NI-N
A
A
Gt Nor— C
Gulf cfe S
121
106
107 lo.
106
114
A
H&H
&
&
V
&
&
or
Last Sale
98
90 12 Jan '05
117 Nov'04
112
Wl-S
A-O
A-O
W &U
W&
<fe
Sep
110
M-S 1143,
MS
MS
M&
Kan City Sou
99
<fe
1947
2dextgold53
1919
3d ext gold 4128
1923
4th ext gold 5s
1920
6th ext gold 48
1928
Ist consol gold 78
1920
let consol g fund 7s
1920
Erie 1st con g 48 prior. .1990
Registered
1990
ist consol gen lien g 48.. 1996
Registered
1990
Penn coll tr g 4s
1951
60-year conv 4.s A
1953
BuitN Y<fc Erie Ist 78.. 1910
Butt & S
gold 6s
190«
Chic& Erie ist gold 5s.. 198
Jell RR 1st gu g 08
al909
Long Dock consol g 6s.. 1935
Coal&RR 1st cur gu 68.1922
Dock<fe Imp 1st cur 68. .1913
N Y <fe Green L, gu g 58.1946
N Y Su3 & Ist ref 68.1937
2d gold 4128
1937
General gold 58
1940
Terminal Ist gold 58... 1943
Regis !t>5,000 each. ..1943
W
Wl-K
12
IO4I4I09
103 109
94 101
91
83
109'4
99^4
90>4
a?
37 14
9634 102
102
Deo'04
109
1
104 14 108
lOSiglOG
142 146»a
I0418 IO418
146^8 Oct '04
IOOI2
Sale
13334
<fc
-S'ee
133
114i2J'ly'04
A-O 107 107 14
93
F-A
M-S 137'4
M-S
A-O 105
A-O 10334
Pa RR
128''8
129i2Aug'04
.
See
127 12 130
10338
.
mv RR Bridge
1091a 11258
128 "« 130
Alb & Sns Ist con gu 7s.l90G
Guar gold 68
1906
Benp & Saratoga Ist 78.1921 Wl-N 142^8.
Del
1942 A-O
1st general gold 5s
1st gold 63.. 1923 A-O
Sull Co Branch Ist g 5s. 1930 A-O
Evcfe Ind Istcou gU!?0a..l92G J-J
jTiargo
So See Ch
St I'
J- lintcfe Pere Jl
See Pore Mar
Fla C & Penin See Sea Air Line
D Co 1st g 4i2S.1941 J-J
Bort St
Den C 1st g 63.... 1921 J-D
Ft
RioGr Ist g 4s. ..1928 J-J
B^
See So Pac Co
( al Har <fe S
V 7al
of 1882 1st 58.1913 A-O
Georgia
Ala See Sea
Line
Ga Car Nor 6ee Sea Line
Georgia Pacitio iSee So Ry
Gila
G <fc Nor See So Pac Co
Cera
Gouv Oswegat See
Grand Rap Ind See Penn
See St L S
Gray's Pt Term
Registered
Istgold 312S
Registered
,
9934 8ale
76 bale
J-J
Mt Vernon
&
Mange
Ask Low
Bid
6s. 1921
ffeek's
Friday
Jan 20
Hock Val
105
103
Conn & Term See N &
Conn <fe Pas Rivs Ist g 43.1943 A-O
Dak&GtSo 6'eeCM<feStP
Col
& T H Ist cons
"t
11534
99
13018 13534
Dec '03
132'8Nov'04
ISOSg
J.J
93
12934 Mar'04
M-N 135
1937 J-J
2d gold 4I2S
Cin D & I 1st poi g 59. ..1941 M-X
& "W let gu g 4s. 1953 J-J
Cin I
L& O
Migh No Low High
134'« Jan'05
,
PrUe
STOCK EXCHANGE
Wkkk Ending Jan 20
N. Y.
Evans
W
!St
1904
Ask Lew
Bid
Conpon off
C1UC& West Inil gen g 68^1932 Q-M 113>4
Mich See Pere Marq
Chic &
Choc O <fe Gnlt ice C K X <fe P
Cin H & D consol a t 7s.. .1905 A-O 100
CI
Year
Last Sale
-JO
UOND.S
Bange
Bange or
Price
JiVidav
STOCK EXCHANGE
Week Ending Jan 20
N. Y.
209
871-2
OOi-j
8 10512 11334
&8|
90
2 102
961a
12
iir>'4
110
120ia
10734
100 12
100 100
U834 128
103 10634
106 12 UOia
104 1081-2
103
101
101 12 105
12 Nov'04
Syracuse Lighting let g 68. '51 J-D
110»2lll
S
II7I2I25
Trei]tonG<fa El Ist g 6S..1949 M-fe
111
lim Jan'05
931a 96 14 Westchester Light'g g 6s.l950 J-D IIII2
Due Feb dDueApr eDueMay /tlmej'ly /^DaeAae Due Oct gDueDec jOptlon sale
102
,
2J0
Bond Record—CoDtinued-™Page S
STOCK EXCHANGE
N. T.
W Elite
liXUUNG
JAH 20
NO&M
.
M-B
M-S
M-S
J-J
Pens <fe Atl 1st gu g 68..1921 F-A
b <fe X Ala con gn g 5s..l936 FA
1910 A-0
Sink fund gold 68
L.*; Jett BdgeCot'-ug48..1945 M-S
A & OU
See C I <fe L
Coal See L S ife
Mahon
M
S
anhattan Ryconsol4s.l990
1990
Rcfrtstered
1908
liletropol El let g Gs
1934
ManS
Coloniz g 58
Cent
McK'pt & B V See N V
Metroi>olitan EU See Man liy
Hex Cent consol gold 48. .1911
1939
Coupons off
1st coueol income g 3s.ol939
income g38..ol917
2d consol
1919
Equip & coll gold 5r
190
Coll tr K 41^8 Isi Ser
Mex Internat Ist con g 4a. 1977
1977
Stamped £ruaraut«ed
1910
Mex North Ist ?old 6s
•Mich Cent See N Y Cent
Mid of N J See Erie
See Chic & N
MU L S <fe
Mil & Mad See Chic & N
& iSforth See Ch & St P
Minn <fe St L, let gold 78.. 1927
1909
Iowa Ex 1st gold 7s
W
"
-
High No Low High
1G6»8 105%
,
105=8 Nov" 04
.
131=4
Doc '04
12314.
11534.
123
10834
OS's
122
75
113
99
lov*
10834
.
Apr '04
99
Dec '04
96%
114
US'* Jan
115 Jan
116Vt
107^4
9714101'^
105 la 10834
62 89
981a
115 1171a
116 116
112 117
110
lie's
lie's
'05
'04
lieHj
»9
lOeHSale lOCe
J-J
106»8l07i4 107
105 106
I0714IIOI8
J-D
74^S(ae
J'ly
J'ly
24
74 Vj
76
75 Jan '05
25I2
25
17
17
25
17
16
12
60
12
6
FA
96
9612
90«B J'ly '01
96>i2
10
281a
19 Is
N Y Chic St L 1st g 48.1937 A-O
Registered
1937 A-O
N Y (fe.Greenw Lake See Erie
N Y Har See N Y C & Hud
N Y Lack W See D L & W
X Y L K «& W Bee Erie
NY&LongBr SeeCentofNJ
<fe
M
Ist srold 6s. ..1921
Ex 1st g 7s.l91()
1934
Ist consol gold 5s
1st and refund gold 48. .1949
iMlnn
St L gu See B C R <fe
South West
N
&
iM S S
J-D
M-N
M-S
6'e«
St
Mo
P
140 ....
111%....
118 ....
11314.-.
117 ....
98 >a....
Dec '03
Jan '05
142
111
117^^
98
Wa
1st g 4s.. .1990 PA
Mo K & E 1st gu g 68.. .1942 A-O
M K & Ok 1st gu 5s 1942 M-N
M K & T of T Ist gu g 5s. 1942 M-S
106
109
10034
8634
10434
87
9438
Sale
Sale
194
98 la 107
80
88
107
87
1
Jan '05
124
109
F-A 10^% Sale
F-A
J-J
9712
lOl's
F-A
103
10938 10934
97iaJaji'05
,
100 M»y'01
103''8Dec'04
,
106
H4i8
A-O 117^118
116%Dec'04
J-J
A-O
& ref gold 4s. .1929 J-J
Eiv & Div St g 4s.. 933 M-N
Verdi VI & W 1st g 58. 1926 M-S
95
1
Mob<fe Birm prior lien g 5s 1945 J-J
1945 J-J
Mortgage gold 4s
;Mob J Ji
C Islcons g 58. 1953 J-J
'
K
117
117«8
10934 Oct '03
Sale
9412
95
97»4 97 la
97»4
102
113
lHiaMar'04
126^127
121
121
9634
FA
Q-F
S'2-'4
J-J
98
lUialllia
99
12334
121
Dec '04
90
llSBeJan'Od
95
92
101
la
95
91
Apr "04
9534
115'»4
Kow 11 & D see M Y N H & U
K J June RR iS'ee N Y Cent
New Cin Bdge See PeunCo
N O <b N E prior lieu g 6s 7>1915 A-0
N V Bkln & Man Bcli See L I
;N Y Ceut& 11 Rivg3i28.1997 J.J
Regist«red
1997 J-J
Debenture g 4s.. ..1890-1905 J-D
Registered
1890-1905 J-D
Debt certs ext g 48
1905 M-K
Registered
1 itOo M-K
Lake Shore coU g 3 'as. 1998
Registered
1998 F-A
Mich Cent coll gSHas
199» F-A
Registered
199R F-A
FA
113411618
884 924
J'ly '04
Nov'04
121 ....
1153^117
119 ....
11558li73g
114 ....
101
101
10114
,
82 14 Sale
121 la Jan '06
120
116
116
119
119
113i2J'ne'04
113 J'ly '04
1104110
104 Dec '04
8II4
8214
126
1134113 4
113
113
61
104
82
100
73
11238.
10034 Sale
100
100
ti;ii4 .
loo's
ibois""'^
10034
Jan'Oo
98
UK)"8l)ec'o.i
99 Dec '02
9934 May'U4
100
91B8
8814
9M4
,
911-jSale
50
9684 10134
1004
101
91
Jan
108
Dec
102
Mar'04
104
102
9II4
108
102
98^4
91
95
.
<fc
1926
g58.1951
Pieas Val Coal Ist gst 53.1 92«
Tenu Coal gen 5s
1951
Teun Div Ist g 6.s
al917
H C & C l8t 8
f
Binn Div
Call
V
De
!
M-N
FA
FA
FA
(;
M
P,ar
C <fc
Wha
L
1
Co gu g
6s. 1910
o Ist g
.".8.1949
&C
E& PCC Ist g5s. 1919
*No price
RR &
&
&
Sale
108%
11334
105
104
106
Jan '02
IO4I4 Apr'04
1044 104% Jan
'103%....
115%
1164119%
113
119
119
101
104
104%
10234 106
'05
Mar'04
101
101
101% 101%
127
15
1004105%
110
10234 Sale
"9734' .".'."
102
112%
1324 132%
126% 13234
103% 146 964 10234
9934 J'ne'04
9934
9934
M-N
q-i
Q-J
103
J-D
J-J
10534 Sale
7734 Sale
7634
Q-F
Q-P
J-D
J-D
101
F-A
127
Q-F
F-A
114
105% 10534 197 101% 106
104% Jan '05 "79 101 10434
7734
7634
9834
78
7634
10
Dec '04
126% Jan '05
1174
132
70 14
122% 126
J'ly '99
112% J'ly '03
11 51.1
1946 J-D 112%.
113»4
106% 108%
964 96%
85
111
Jan '05
Apr'02
HI
94
119
no 117%
11334
104
102
112
1104 106
102
95
92%
.
ac of Missouri See Mo Pac
1st s fund g 4 48.. 1917 A-O
Sink fund subsidy g 6s. .1910 M-N
Penn Co Guar Ist g 448.1921 J-J
Registered
1921 J-J
Guar 348 coll trust reg.1937 M-S
Guar 3 48 coll tr ser B...iy41
Tr Co certif's gu g 3 48.1916 M-N
C St L & P 1st con g 5s. 1932 A-O
Registered
1932 A-O
CI <fe P gen gug 4 4s ser A. '42 J-J
Series B
1942 A-O
Series C 34s
1948 M-N
Series D348
1950 F-A
Erie&Pitt8gug3 4sB.1940 J-J
Series C
1940 J-J
N&CBdgegengug44sl945 J-J
76
6834 75%
97% 100%
Nov'04
Nov'04
111
118>«
106
113%
NYC
NW
J-J
J-J
A-O
JD
F-A
MS
J J
Panama
—
1034104
1104
106
92 14
92%
B guar
D 4s guar
E 34 guar g
1942
1942
1945
1940
C I8t7s...l912
1912
3d 78
/i.1912
Series
Series
Series
series
Pitts
Peuu
C guar
FtW&
RR Ist real est g48.1923
.
.
115
Dec '04
108
112
Jau '05
Nov'98
10534
108%
11234
.
96% 99%
LIS
120
96
96
9834
98%
.
115
95
95»4
108'4Aug'03
.
.
Jan '04
Nov'OO
9534 Apr'04
96
102
.
94%.
94%
.
105%.
U3 Dec '04
,
A-O 11334
M-N II314
M-N 103 I4.
96
F-A
J-J 116%.
J-J 116%.
A-O
11334
.
Jan
108
.
104
113
10934
'05
112%
no
110 Aug'04
104 4 Oct '04
93 4 Sep '04
127% Oct '02
121 Mar'u4
119 Apr'04
107 4Mai'04
.
WI-N
1024102%
Dec '03
97I4 98% 974 Dec '04
118%.
lis Oct '04
104
074
95% 103 4
105
104
2
90
3
69
91
69 4 f^8
107% Dec 14
1024 J'ly '04
lU638l"7''^
'1
107
10241024
May'97
105
953.1
30
Jan '0,-.
ioo"iii' 112% Dec 04
111
102
Sale
Dec '04
06 4
112%
1014113 4
9134
102
])(;c'(;3
10534
904
32
Friday; Latest bid and asked this week,
93
Jan
'4
MN
110
1014104%
90
93%
1" i2i"
12
119
119
1044107%
1114111%
112%
111% Sep '04
1064
100 Aug'0:i
103% Sale 10314 1033, 105 94410334
PaKc
TcloKi*m>l> nnit 'i'eleplione
Telep & Tel coll tr 48 1929 J-J
Oomm Cable Co 1st g 48. .2397
ErieT & T col tr g s f 5s. .1926
Ist 8 1 g;"..s
1918 M-N
N V <fe N J Tel gen g 58.. 1920 M-N
West Union col tr cur 58.1938 J-J
MetT&T
Fd and
Mut Uu
g 4 'as... 1950 M-N
Tel s fund 6s. ..1911 M-N
Tel gu £ 4 4b g.. 1934 J-J
real est
tliiiiuhicliii'iiiK
Oct '00
94
1043 M-N
1912
Xorthw
1024 Oct '0:i
106'4 Feb '02
96%
loiit .\iS
Am
'04
Nov'Ol
85
84 4 85 4 84%
9.-)
103
92
104
PCC<feStLgu44sA...1940 A-O 114
BONI>S—Continueil on Ne.xl
Nov'OO
J-D
J-J
Ist consol Os.. 10 17 J-J
Co l8t gu g (;s.l922
ron Coal
1154Sep'04
119
97 4 Jan '05
98% 98%
96 4 Sale
95
96 4 i72 87% 97%
108%
112 Aug'04
112 112
102 4 Sale 102% 10234 '25 99% 103
J-J
Cousol gold 4«
Convertible g348
Apr'02
1074 Oct
106
C l»tg6«..1919 A-O
ClearC& 1 Istg6s.l92(; J-D
2d gold 58
A-O
A-O
(Jonsol gold us
.
141V Coalifc
Kan &
96% 97%
'03
Consol sterling g 6s
1905 J-J
Con currency 68reg...j/1905 c^-M
.
911....
MlSCEI.,IiANEOUS
Jell
115%
Sep
J-D 117
A-O 111%.
2d78
85I4
'03
'04
I
Gr
W RR
934
99%
86
86
923fi
lOiiis.
110
f
gu r,s g. 1 952
WW
hio River
1st g 58.1936
General gold 5s
1937
Ore & Cal See So Pac Co
Nav See Uu Pac
Ore
Ore Short Line See Un Pac
Oswego Rome See
O C F St P See C <fe
99 41011*
89 la Deo '04
91
9 1 "a
Con and Iron
A 1 Dev Co gu g 58.1909 J-J
si s f
96 14 May'04
107 Nov'04
A-O 1064
99
96%.4.ug'04
J-D
92 4 ...
Cent 1st g48
Wash
94 Aug'04
1948 Q-M
Nor Pac Ter Co Isl g 68.. 1933 J-J llo 117 116% 1164
Nor Ry Cal Sec So Pac
99'qNov'02
IO418.
JJ
48.1940 J-J
G0UV1& Oawelstgugus 1942 J-D
1
W
128% Nor Wis See C St P M <fe O
130
Nor & Mont Sec N Y Cent
96'4 Olnd &
See C C C <& St L
cfc
Trust Coctfs
9934
664
1004105% 100
-
W
Contin'tal C
99
<fc
13acCoastCol8tg58
I
Col
Col Fuel Co gen gold 68...1919
Col !• An 1 Co gen s 1 g os.. 1943
Convertible deb g 5s
1911
1054106%
1064Nov'00
<fe
C&
126 "a Jan '05
Q-J
Isi consol gold 5s
1928
Jasper Branch 1st g 6s. .1923
McM M <fc Al 1st 68..1917
1917
TctP Branch 1st 6s
Nasli Flor & Shot See D cfc X
Kat of Mex prior lien 4 ^as. 1926 J-J
1951 A-O
Ist consol 4s
Clearl Bit Coal lata
<fe
N
Nov'04
95
921-2
J-D
M-S
& Mai See N V C & H
Monougahela Riv 6'ee B & o
Mont Cent See St P M <fe M
Morgau's Da & T See S P Co
Morris <fe Esaex SeeDolDifeW
NI ash Chat <fe StDlst 7s.l913
Beech Creek 1st gug 4s. 1936
Registered
1936
2d gu gold OS
193G
Eeecli Vt Ext Ist g 3 48 01951
Cartas Ad 1st gu g 4s. ..1981
J'ly'04
IO6I4 J'ne'04
<fe
102 1051-2
95
86
<fe
Ry Ist con g 48.1996
106iall2ia
Registered
1996
IO4I4IO5
Div'l l8tl&geng48...1944
99 110
PocahC& C Joint 4s. .1941
100 106
T Ist gu g 5s
C
1922
104 105
ScioV&N El8tgH<r48 1989
109 15 North lUinois See Chi & N
1061a
11838 12338 North Ohio See L Erie &
104 10914 Nor Pac Prior lien g 4s.. 1097
Registered
1997
28 10334 109
General Hen gold 3Js
ci2047
91 1« 98
Registered
a2047
St Paul-Dul Div g 4s
1996
101 103 'e
Registered
1996
109 la 117
CB&QcoUtr4s SeeGtNor
14 11138 118
St P & N P gen g 68
1923
Registered cortific'3..1923
19
84
97
St Paul & Dul 1st 58.. ..1931
45 91
9714
2d 5s
1917
1st consol gohl 4s
1968
jMohawk
. .
109»8ll2i4
121 1224
121 121
121
NY<fcNE Se«NYNH<feH
New York New Hav iXartr—
Housatonic R con g 58. .1937 M-N 126
13134 Apr '03
N H & Derby con g 58. .1918 M-N 110
N Y&N E lat 7s
101% Nov'04
1905 J-J
N Y North See N Y C H
N Y O & W ref 1st g 48...91992 M-S 106% Sale 105% 10534
Regis «5, 000 only
i^l992 M-S
1034 1034
N Y & Put
N YC& H
N Y & R B <See Long IsUnd
N Y S W See Erie
N Y Tex & M -See So Pac Co
Xor<fe South 1st g58
1941 M-N 110 111-4 110 Dec '04
Xorf & West gen g 68
133 4 Jan '05
1931 M-N 133 14
Improvem't
132 Dec '04
ext g 68.. 1934 F-A 133%
New River 1st g 6s
132% Dec '04
1932 A-O 132%
—
.M-S
Unified
M
961a 103
7513 87
lU7ia IO9I2
106 Nov'04
1041a IO4I12
106% 10638
J-D
<fe Ohio uew gold 6s. .1927
1st extension gold 63.. /il927
1938
General gold 4s
Montgom Div 1st g 5s. .1947
St Life Cairo coll g 48..el930
Guaranteed g 4s
1931
& O coll 4s See Southern
10114 159
87 14 149
Uli^iJan'OS
1U6
106
105 15
M-S
M-N 10638
M-N 124 Sale 124
M-S 109 Sale 10812
'Mob
971a 10034
105 14 Deo '04
Sher -Sli
1
118
98
113
95
Nov'Ol
103
101 "4 Sale
87 Sale
106 Bala
87'a
106
95
Ill
Tex<fe
<3i
109% Apr '04
1224 Dec '04
<fe
Kan C & Pac
'
11734
98^8
09
99
997,
e-
Kan<fe Tex 1st g 4s.. .1990. J-D
2d gold 4s
firl990 F-A
1944 M-N
l8t ext gold 58
St h Div 1st ret g 48....2001 A-O
1st gu g 58. ..1940 M-N
Dal &
'
984101%
<S'ee
M &M
cfc So 1st gu g 58.1943
Oklal8tgug58...1943
i'acilic 3d78
1906
Missouri
1920
1st consol gold 6s
Trust gold 5s stamped. al917
ol917
Registered
1920
let coll gold53
Cent Br Ry 1st gu g 4S.1919
Leroy <fe C V A L 1st g 58 1926
Pac R of Mo Ist ex g 4s. 1938
2d extended gold 5s. ..1938
St L Ir M& Sgeu eon g 5sl 931
Gen con stamp gtd g 5s 1931
111 113
120ial20i2
120i2Feb'04
121
Jan '02
09
& A 1st g 4 int gu 1926
il
Minn Uu
Feb '02
<fe
MStP<S;SSMcong4intgu'38
P 1st OS stpd 4s int gu 1936
;M
<fe
102 14 109
<fe
Ex
Pacific
May'OO
106
102
100%
Nov'()3
MS
BlkRivgug48.1922 J-J
Utica<fe
98
98
Jan '03
1940 J-J
RW&OTR
96
91
121
139
1054110
128
117
N
N
A-O
5
6
994 Dec, '04
131%
1951
1st g 34s
1952 M-N
Bat C <fe Stur 1 8t gu g 3s. 1989 J-D
Y <fe Hariem g 3 48.. .2000 M-N
Registered
2000 M-N
Y & North 1st g 53.. .1927 A-O
R W<fe O con l8text58.M922 A-0
Oswe & R 2d gu g 5s...el915 P-A
Ist gug 58.1918 M-N
79
10 10634 11(14
1004
102
114
Year
1904
Ao Low Uiyli
Higf'
102 >4 Sale
105 14
128 -4
119
McK&Y' 1st gu 6s. 1932
Registered
<fe S Ist g 34s
Jiaiijie
5P
105
107 4 J'ly "00
100
105 Oct '02
102%...... 105% Nov'Ol
100
108% Sale 108 14 108%
1031410834 108
108 14
9934
1934
L
J
J.J
Ask Low
Bid
McKeeaifeBVlstg68l918 J-J
Mich Cent 1st consoles. 1909 M-S 11034
68
1931 M-S 123
Registered
1931 Q-M I21I4
48
1940 J-J 106%
10Hal07i4
Dec'Ol
107
105
Last Sale
IOO4IOII4 1004
RR Ist 58.. 1934
Mahon
Pitts
911a 99
106»8
C'l
2d guar 6s
Mar-OS
98<% Got '04
WW
W
Ist 4s gu... 2361
Registered
2361
Lake Shore gold 348
1997
Registered
1997
Debenture g 48
1928
Det Mon & Tol 1st 7s. 1906
Ka A <fe G R Ist gu c 5s. 1938
2
'
MU
West Shore
Week's
Range or
Jan 20
N Y Cent & H Vi—(Continued)
Moh & Mai lat gu g 48. .1991 M-S
N J Juno R gu I8t4s...l986 FA
N Y & Pu Ist con gu g 48 1 993 A-O
Nor & Mont 1st gu g 58.1916
Nov'99
96
Sale
122
119
Price
Pridav
STOCK EXCHANGE
Week Endlno Jam 20
N. Y.
J'ne'02
A-0
AG
I2314I8I34
I2418I2418
124 la Nov'04
11638 Mar'02
NI-S
Lc&NcfcM&M iBtK4i2Sl945 M-S
L&N-South M )ouit48.1952 J-J
N Flacfe S 1st gag 58. ..1937 F-A
is'
Last Sale
Ask Low
129
1930 J-J
Pensacola Biv gold Gs...li)20
I'.t21
St I. Div 1st eold l>s
2<lpoW 3s
li»80
Hender Brtfce 1st s t k 68. 15131
Kentucky Cent uold 4s. 1987
L
Tear
1904
Bid
108
2(1 ffol(l fis
BONDS
Hange
Sange or
Ist kolii 6s..„193() J.J
O&M
-.a
Week's
J^Lday
Jan 20
M-N
liouisv <fc i< ixshv— cConti7iued)
liCincfe I^ex>rolii4>2S...1931
-
Price
s,*
[Vol. lxxx.
io64ii)534
147 66% 87
'00
a Due Jan
Am Tobacco (uovvl 68 Tr Coctfs
48
6
Due Fob
M ortou
<fe
06
1104!!"!
1044
10934
94
92
1 09
Dec '04
Oct
107
103
94
92
'99
io9'4 J'no'04
ior>'4 J'iy'03
110'4 1104
105% Sale 104%
10734
90
92
J'ne'04
10934 10934
18 100
1123*
105\ 147 1014 106%
J'no'04
J'ly '04
107
100
H>7
95
100
70
984
97%
88%
112%
103»4
&, IniiuHti'ial
1915 Q-F
Am Cot Oil ext 448
.\ni HldeiVs L iHlsl g68..1919 M-S
Am Spirits Mtg 1st g68.. 1915 MS
Am Thread 1st col tr 48. ..1919 J-J
Bar
961a
Trust Co ctfs
S Car Co Ist g 68... 1942 J-J
«Duo.\lay ^DueJ'ue
/i
Due J'ly
IOOI4
99 4 Sale
9514 97
88% 90
IPii^Sjile
74 "4 Sale
100
99
9634
88%
111
71%
105
j)
Dae Nor
«
100 14
4
100 108
11
97
82
74
K9I4
8
II214 980 10634
74 '4 2448 63%
Jan
Option
'00
sale.
76
J
j
—
.
BUMUis
Price
STOCK EXCHANGE
"Week Endlng Jan 20
ru g448..193o M-N
F-A
lat
DBRK& Bjrel8tKu4sg.'36
ex Ist gu g 4^28 1941
GrR&
W
I
1st g 48.. 1943
PhUaBalcfc
1943
Registered 4s
San<£; Lewis Ist g 48.. .1930
Can gen 48.1944
U N J P.K &
Pensacola <fe Atl See L. & Nasli
?eo <fe Kast Hee C C C & St L
Veo & Pek Uu 1st g 63.. ..1921
3dgol<14i28
i>1921
68 1921
Fere Marq— OU<fe
.1920
FUntdo
s6s
1939
lat consol gold 5s
Pt Huron Div 1st g 5s. 1939
IstBTJK 4a.l931
Sagl\is<fe H
WM
PM
PWl B
W See Penn BB
Reading cons 78.1911
<fc
J-
MN
J-J
M-S
-F
S N
JD
A-O
M-N
A-0
F-A
W
1922 J.J
Pitts Juno IstgoldGs
L Erie 2a g 58...al928 A-0
Pitts
Y See Y Cen
Pitts McKees <fe
L E 1st g 58... 1940 A-O
Pitts Sh
1943 J.J
Ist consol gold 58
West See B O
Pitts
Ash l8t eon 68.1927 M-N
Pitts Y
N
&
&
&
&
Reading Co gen g 4a
1997 J-J
1997 J-J
Kegistered
Jersey Cent coU g 48. ..1951 A
Rensselaer & Sar See D <& U
Bioh <fe Dan See SontU Ry
Rich <& Meek See Southern
Bio Qr West See Den & Rio Or
Rio Gr Jono 1st gn g 5s.. .1939 J-D
1940 J-J
Eio gr So Ist gold 4a
1940 J-J
Guaranteed
Roch &
Pitts
fiee
Rome Wat & Cg
BR
6ee
«fe
L. <&
iron
Mount
IIIS2 110
^S'ee
J-J
J-J
....
110
1084
110
.
.
S>.
,
,
in\.
114
.
115>2ll7»2
102 Sale
100 101
y9»4 10014
107
73
82
105
94
Sale
104>4
104 14
l'/8ial33'2
113 Hj Sale
99
100
91 H Sale
125
90
con g 68.. 1928
K FtS M Ry rel g 48 1936
KC<S!MR&Bl8tgu58.192y
<fe
W
84 In
82 «f Sale
Ill
133 "u
32
8238 707
91ial00
701a
651a
S6\
83
107«8ll2
IIOH2
130
134'8
107^11234
llli4Dec'04
104
104
106 May'Ol
109ialll34
100 I0412
102«8Oof04
10218 10412
134
128
135
,
Apr '02
Apr '04
117>n.
119 Hi.
117
Jan '04
117
117
il-S
110i«.
110
Jan '04
110
110
J-J
102 "a.
11334 Dec'Ol
J-J
88 Ha Sale
104 105
96'8
105
lOlHi
87 '8
104
ifl
Nov'04
Sep 00
98
loo
102
101 H Salt
lOlia
97
Sale
94
^2
971.
14'2
Aug'04
lOS's
lOri'a
10234
"4
5
108^8
103 "iz 204
941a
97
97141021a
113ii,
Mar'03
84
88^4 Sale
8884
8834
lloi-i Jan'OJ
110>a
99
103 Sep '04
112 iis'hi 11 -2 la Dec '04
10734 ....
110 Dec'04
105 ....
1041a Dec'04
10334 ....
103'aJ'ly'04
W
-2
87 la 96 12
8534
'
99
85 14
104
98
9779 102
108
Oct '04
Sep '04
Jan '04
Sale
11779
118
110
1183
Feb'O'
1184
Oct
100
'04
374 984 974
98
II7I4 Dec'04
9SI4
98
118 4 Nov'04
II6I4
9S>4Sale
1164..
.
964
964
96 4
90 4 Dec '04
102
112 4
1151.4
119
119
110 14
1144 1144
107
10 108
101
109
103
164 HI
108
27 9234
114
'9
'12
IO834
103
109
103
121
110
118
May'04
X9»4
107 109 12
100 la 1033,
1053811312
105 IIOI4
1041a IO714
IO312IO3I2
I2II4
11334
12234
12379
114 4 Jan 'Oi)
123 14 1'23',
12333 Jan '05
US
Oct
112
112
Jan
117 14
1144
1114
1144
11539
95
115
lu85|,
,
109»4
nH4 H'-'4,
874'
87
1034 1104
lOS^i,
Feu'O
Dec'04
109
11041124
1124H7ia:
,
Nov'04
100
100
110 May'04
118 Oct '04
99 14
994
HO
110
98
110
IOII4
M-S
1014
l014Dec'04
J-D
120=8,
121
95
H214II84
1124JTy'04
964
108^8
PA
1114
108 1«
9634
90
84
904
92
91
Sale
....
Sale
1034104
1194Sale
105
1034
1084
117
120
127
II8I4 Sale
108 'a
111
11734
104 4 104
9779 Sale
974
Jan
11014
HI
96i«
91
95
86
90=8
81
84
68
95I4
94
IO6I4H:!
9134
9479
167 10034 1074
2 10038 101 7g
0722
94411154
32
9S4IO4I4
9634 II5I4
'05
US^
102
122
98
1034107=4
8378
84 4
9514 Sep '04
111 Dec'04
96I4 Jan'05
104=>i
1124
1064
101
H2I4 1154
9534
9234
90"^
II514 Nov'04
IO3I4 1034
103 14
126
FA
964
1094Ang'04
9634 Sale
9234 Sal©
105
1211,
100
16 115
4 SO
108
106 4 Nov'04
114 4 Jan '05
111 May'04
107 Sep '04
114>4
96'4
IIII4
•96i<
117
J'ly'OO
11234
93
110
110
Jan '05
A-O
J.J
125
118
100
99 4 Sale
Mar
H2^;
117
1214
J-J
120
114
'04
'05
Dec'04
1104 May'04
93 Dec '03
1154 U514 Jan'05
12614 128
9734
FA
123
110
114
116
118
116 4
12134,
11 834 1251a
87 4J'ly'04
SSHj
10818 Sale
AC
113
117
109
l-.ill4
1154
l'20i4
'17
IO4I4
97'8 801
HI
127
1214
9934 10479
9678 9 7 -Is
Dec '03
1144Apr'02
112
1114
103
1st gold 5s
1939
2d gold 5s
1939
Debenture series
1939
Series B
1939
Ist Uen equip s fd g 5s.. 1921
DetcfeCU Ext 1st g 5s.. 1941
Des Moin Div 1st g 4s. .1939
Div 1st g3ias
1941
T0I& ChDiv 1st g 4s. ..1941
St Chas Bridge 1st g 68.1908
Warren See Del Lac <fc West
Wash Cent See Nor Pac
Wash O <fe
See Southern
West Maryland Ist g 48. . . 1952 A-O
WestN
Pa 1st g 58. .1937 J-J
Gen gold 3-48
1943 A-0
income 58
dl943 Not
West No Car See South Ry
Va Cent <fe P 1st g 6s.. 1911 J-J
Wheel'g
L E 1st g 53.. .1920 A-O
Wheel Div 1st gold 58. .1928 J-J
Exten& Imp gold 5s. ..1930
A
Om
Y&
4
FA
1922 J-J
20-year equip 3 f 53
1st consol 4s
1949 M-S
Wilkes & East see Erie
& Sioux F See St P &
Wis Cent 50-yr lat iren 4s.l949 J.J
M M
WU
110
108
11841194 1184
'
112i4Sale 111
9818 95
6734 Sale
104-^ 105
10979
674
102
98
6S4
Jan
'04
98'*
Nov'04
8878
Dec'04
36 1144119
79 IO6I4
94
95
7OI4
56
102 102
41 IO6I4H2I4
97
90
43 7979 86
98
96
1H4
1094 Mar'03
lOS
934
II2I4
J'ly'O-i
97
88
98
8878 Sale
US
'05
1183,
98
93 14
1004110
Jan
92
Salt-
934 685
Deo'04
9638 Dec'04
11934
97
40
112
114M
114
Sep '04
Deo'04
91
11934
9638
Alar'Ol
1104....
34
115
93
....
111"?....
1
HI
112
IO914II4
10 14 .May'04
114411438
11111411014
lt;9
10134 103
9434 Sale
102
914 92
1(;9
Apr'04
100
Jan'05
934 95 303 86
91
913^
23
884
109
103
94
P3'4
.UISCEM.ANEOUW BONDS—Concluded.
ftlaniilacturing
& InduMrrial
iHiHcelianeoas
Consol Tobacco 50-yTg 48.1951 F-A
Registered
1951 F-A
Distil Sec Cor conv Ist g 5s. '27 A-O
Distill of Amer coll trg 6s. 1911 J-J
111 Steel Co deb 5s
1910 J-J
Non-conv deben 6s
1913 A-O
Int Paper Co lat con g 68.1918 F-A
Int St Pump 10-yr conv. 68 '13 J-J
Knicker lce(Chic) 1st g58.'2b A-O
Lackaw Steel 1st g Ss
1923
AO
N»tStarchMfgCol8tg68l920
78
804
'
.
;Jloprice rrlday; latest bid
74
Sale
85 14 Dec '04
79 14
8O34 434
9779
95
95
IIOI4
78
10634 Sale
64
4
105
93
73
46
74
40
46
4 Sale
34
111=4 113 111=4
93 4 Sale
93
027,
93 4 Sale
and asked,
5334
5734
86=4
85 14
614 80
Adama Ex col tr g4s
1948 M-S
Am Dk & Imp 68 See Cent N J
Am 88 Co of W Va g 68....1920 M-N
10334
92
Det
92
M M Id gr incomes.. 191 A-O
L& gold 58.. .1910 .M-N
<fc
1054 109 4 Hoboken
1044
62
20
35
14
St Joseph Slk
52
94
St
1134
78
97
14
S
1st g
704 83
Feb '0'.
95
96
984101
95
96
98 4 Dec 04
11
894 95
984 984
Yds lat 4 4s. 1930 J-J
L Ter Cupples Stat'n
Co
0034
10734 107=4
Dec'Ol
(fr
Prop
448 5-20 year. .1917 J-D
113 J'ly'04
Yuba Wat Co con g 68.. 1923 J-J
113 4 J'ly'OO
994
957g Sd Val Wat Works Ist 68 1906 M-S
94
83=4 Jan '06
d4i«
95 14 US Redift Ref Ist 8fg 68.1931
94 14
Doo Oct p Dae Not ? Dae De«
a Dae Jan 6 Duo Feb « Dae Mar d Dae Apr ADuoJ'ly fc Duo An« o
934
12 10734
80
141
68=4
154»
68=4
1
60
Dec'04
50
"ii'^i'is
<fe
51
63
104
1
97 10534 Mad Sq Garden Ist g 58. .1919 M-N
974 974 Man Bch H Lgen g 48..1940 M-N
Newp Ne Ship <fc I> D 5s dl990 J-J
106=4 i78 9238 100
904 N Y Dock 60-yr 1st g 4s.. 1951 FA
87
Jan '05
75
Provident Loan Soc 448. 1921 M.S
63
Dec 04
4
112
100
104
10734 Nov'04
40
48
10334
10034 J'nc02
FerryColsiconsg6s'48 FA
Chic Jc<fe St Yanl col g 5s. 1915 J-J
B'kl'n
99 Sep '03
99 Jan '99
92 Feb "04
109 4 Jan '06
10241034 1034 1034
97 4 Oct '04
M-N •91
iNat Starch Co s f deb 58..1926 J-J
Stan Rope & T Ist g 68.. .1946 F-A
income gold 5s
1946
U 8 LeathC0Btdebg68..1913 M-N
XJSKealty<S>Ioonvdebg5«'24 J-J
V S Steel CorplO-60 yr6a.d'6S M-N
^Registered
April 1963 M-N
364
Sale
•
974
934 10014
115 1184
911974
3979 904
118
llO^Deo'04
119
Wabash
W
.
;
'>)64.
114=8.
W
13
108
103
109
103
11)414
l'J27
113
W
4 1051a 1103,
lOlis
10734 Dec'04
1929 J-D
190B J-J
1920 J-J
particit'atuig
III 11
ii;-i34
J.iii'Ol
1144Dec'04
119 Feb '04
108 »4
<fe C Co See Pa RK
Utah Central See Rio Qr Wes
Utah & North See Un Pacific
Utica & Black R See N Y Cent
See Mo P
\l er Val 1 nd &
Virginia Mid See South Ry
Va & Southw't 1st gu 58.2003
Jan '03
9534
&
Gold 53
Uni N J KR
1043410434
20 102 112 12
10434 J'ly '04
II3I4
112 Is 113'-. 111
llO^g
110
110
llli4May'03
llOSi
102
65
96
91
108
103 "a Sale
1949
fcl 929
89 H 190
4
104 !«
48
U
129 4130 4
12'_^4
121
104=6 107
NoT'C4
113
10138
llOSz
M
Guar refund 48
Utah & Nor 1st 78
110
112
904 96
Sep '04
108
1935 J-J
Western Div Ist g 5s... 1935 A-O
General gold 6s
1935 J-D
Kan <fe
Ist gu g 48.. ..1990 A-O
Tol P &
Ist gold 48.. ..1917 J-J
TolStL<&WprUeng3>2S.1925 J-J
50-year gold 4s
1950 A-O
Tor Ham & Buft 1st g 4s./a946 J-D
Ul8ter<feDell8tcong5s 1928 J-D
1952 A-O
Ist refund g 4s
XJn Pac RR & 1 gr g 4s ...1947 J-J
Registered
1947 J-J
1st lien convert 4s
1911 M-N
Registered
1911 M-N
Ore Ry & Nav con g 4s. 1940 J-D
Ore Short Line IstgOs.. 1922 FA
1st consol gos
1940 J-J
133 135»8
13434 13434
114 la 116^4
13434 Dec'04
116^4 Sep '04
58 'SO
106
113
102
10334
W
122^4
Mort guar gold 3 Iqs
Gal Har <fc S A l8tg68..1910
2d gold 7s
1905
Mex & Pacl»tg58
1931
Gila VG&Nl8tgn g58. 1924
Hous E &
T 1st g 6s. 1933
1st guar 5s red
1933
. .
206
104'*.
gu g 4s 1949
Registered
Min & N
Tol* O O 1st g 58
Ufg Nov'04
llO^Apr'Ol
112
1031a 104
W Ist gug 68.. ..1941
ref
99
85
134=8 Oct '04
140 May'()2
11034
M
Cent Pac Ist
9814
843*
SO34
W 1st gu
W
W
llC^Sale llOHz
Seaboard Air Line g 48 ...1950
CoU tr rotund g 68
1911
Car Cent Ist con g 4s. ..1949
Ifla Cen <fc Pen ist g 6s. 191b
Ist land gx ext g 5s. ..1930
Consol gold 68
1943
Ga <fe Ala Ry 1 st con os o 1 945
GaCar & No Ist gug 58 1929
8eab& Roalst5s
1920
8her Shr & So See
K <fe T
SU Sp Oca & G See Atl Coast L
Sod Bay & So Ist g 68
1924 J-J
So Car <fc Ga See Southern
So PacCo— CoUtrg4Sj8..1905
Gold 48 (Cent Pao coll). /cl949
Registered
fcl949
N
Sale
0888 Sale
M
A<fc
129
9 -4
4Feb'0_
129 4 Nov'04
122 Deo '04
114
114
II5I9
W
M
2
HO
SPacofNMexl8tg68..1911
1905
Tex A N O 1st 78
W
Ao Low
91 Sale
535 76
91
90 4
10078 10778 106
3 105
1C6
4
108
1093p Jan'05
10534 1114
1004
1003i,Oct'04
lOOSg 102
1014
102 Oct '03
1044 Dee '04
1041a
102 10434
IstgesseriesCA D...1906
Sabine Div Ist g 68.. ..1912
1943
Con gold 68
'01
120 Oct
1994
Southern— 1st eon g 58
112i2Dec'02
Registered
1994
Mob & Ohio coll tr g 4a.. 1938
117 Ja Jan '05
Mem Div 1st g 4ia-5s... 1996
114>all7''.i
98 J'ly'97
1961
St Lonis div Ist g -is
1918
Ala Cen R 1st g 6s
1171-2 Oct '04
1141*1171.^
1948
Atl & Danvlst g48
101 »2 102 ^ 222 9408 1031a
1948
2d 48
100 Nov'04
Atlcfe Yad Ist g guar 48. 1949
98 100
32 91% 99
99'4 100
1910
Col & Greenv 1st 68
E T Va & Ga Div g 58. .1930
gold 5s
Con l8t
1956
E Ten reor Uen g os
1938
Ga Pa« Ry lat g 6s
1922
lll>2J'lr'04
IIOI2IIIH!
Knox <fe Ohio Ist g 68.. .1925
75
75
631.^ 76
Rich & Dan con g 6s
1915
89 Jan '05
Deb OS stamped
1927
87 la 871.^
Rich & Meek lat g 48.. .1948
So Car & Ga 1st g 58.. ..1919
10334 May'04
Virginia Mid ser C 68. ..1916
10334 3 04
101>4Nov'01
Series D 4-5s
1921
Series E58
1926
94
94
General 68
1936
95
84
Guar stamped
1930
Ist cy gu 4s. .1924
O <fe
West N G Ist con g 68.. 1914
Ala See L & N
Spok FaUs &> Nor Ist g 68. 1939
Stat Isl Ry 1st gu g 4ia8..1943
104 Deo'04
lOSH loevi Syra Bing & H Y See D L &
IO4I8 10458
2 1031a 103«8
per A ot St L 1st g4ia8.. 1939
130^4 Dec '04
1 1st con gold 5s. ...1894-1944
12234 13014
lli^ llSHa 'i 110 11434
1953
Gen refund 8 t g 43
y9i4Nov'(i4
99 14
Bge Ter gu g 58.1930
St L
96
98«8 Nov'04
Tex cfe N O See So Pac Co
9868 100
913g 1162 79^2 91
89
Tex <fe Pac E Div 1st g 6s ..1905
96 rec'04
lat gold 68
2000
94
981a
2d gold Ino os
92OOO
126^2 Nov'04
119 la 12612
90i« 2Y9 78
La Div B L 1st g 58
1931
89
90
Hi
954
....
88I4
1st gOs series E<& F...1912
1912
1st gold 6s
1937
Ist con guar g 5s
Stamped
1905-.. 1937
iig^iiiOHi
102'a
St Louis So See lUiuois Cent
1st g 48 bd ctf8.1989
8t L 8
2d g 4s Inc bond ctf8...pl989
1932
Consol gold 4s
Gray's PtTer Ist gug 68 1947
at Paul & Dul See Nor Pacific
<fe Man 2d 68.. .1909
St Paul
1933
Ist consol gold 63
Registered
1933
Beanoed to gold 4>a8..1933
Registered.
1933
1910
Dakota ext gold 68
1937
Mont ext 1st gold 4s
Registered
1937
a Minn Ist div 1st g 58.. 1908
Nor Div Ist gold 48.. ..1948
Mtnn Union Ist g 63.. ..1922
Mont C Ist gu g 68
1937
Registered
1937
1937
1st guar gold os
WlU«fe S F 1st gold58..193»
8t P <fc Nor Pao See Nor Pac
StP&S'xCity AeeCStPM&O
Lake C 1st g s t 6s...l9ia
SFePresA Ph Istg5s...l94'z
8 A <fc A P See So Pac Co
8 F & N P Ist sink I g 58.1919
8av F <& West See Atl Coast L
Scioto Val & N E See Nor & W
122
-High,
IIII2 1114
14
'04
118 113 Dec'(
IO314
1161a
10114
SAN
MP
Salt
lis
1904
117
S P
10734 111 H.
IOOI4 112=8
Year
Last sale
1291a
P of Ar gu Ist g 68. . .C1909
1st sruar g 6s
cl910
1905
of Cal 1st g 6s
1905
Ist g 63 series B
101
or
127
So
93
W
A-O
111
111
96
Range
Agk Low
-Hid
T C 1st g 68 int gu.. 1937
SA& APassl8tgug4s.l943
119 14 Apr '04
137 Mov'97
123 >9.
121
111
IIOI3IU
112i4 0ct '04
6-year gold notes 4'^..190i«
&M
1071a 107^8
ISSJa 123
101 J'ly'04
109 Apr '02
122 Jan 05
112
112
.
<fe
Consol g 6s int guar. ..1912
Gen gold 4s int eaar..l921
Waco & N \V (Uv 1st g Os '30
Morgan's La tfc T Ist 7s. 1918
1st gold Os
1920
No of Cal 1st gu g 6s
1907
Guaranteed gold 58
1938
Ore <fe Cal 1st guar g 5s. 1927
1081^110
J«
123»4.
93
112
112
Got '04
llO'aSep'04
10634
121»8.
J-J
J.J
1906
2d gold 63 Class C
1931
General gold 6s
1931
General gold 68
StLife S F RRconsg48..'90
Sonthw Div lstg58..1947
1951
Refunding g 48
Ft S
H
1071% Dec '04
100
112
<Ss
KC
HiQh No Low High .Southern Pac Co (Continued)
Nov'97
110
Range
Week's
Fridav
Jan 30
N. Y.
1C1»9....
N Y Cent
N See Wabasli
L. K C
StLMBr ^eTRRAofStL
St li & S Fran 2d g 68 CI B 1906
St
110
P
1941
Rutland 1st con g i^s
Rnt-Canad 1st gu g48...1949
Tus & H See Pere Marq
Sag
tJo&Gr Isl Ist g 4s. ..1947
St Law & Aduon 1st g 58.1996
1996
2d gold Bs
St L A Cairo See Mob & Ohio
St
A3lc L(no
102
i04«B..-.
M-N
Phlla <fc
J-D
Pine Creek reg guar 63... 1932 J-D
Pitta Cin & St L See Penn Co
Pitts Cleve <fe Tol See B <fe O
& Ch See Penn Co
Pitts Ft
&
Last Sale
Price
STOCK EXCHANGE
Week Ending Jan 20
Year
1904
or
211
BONDS
HangB
Wee/c's
Range
Bid
Alleg Valgen gug49...1942 M-S
Mar
Fridav
Jan 20
-I'll
Penn Eli—(Continued
Cl<fe
.
Bond Record— Concluded—Page 4
Jan. 21, 1905.1
N. Y.
1
112
112
70
86
f Option sale
BOSTON STOCK EXOHANaE-Stock
Record, Daily,^
Share Prices—Not Per Centum Prices
Saturday
Monday
Jan. 14
Jan. 16
8778
256
fiSH.
t.'oG'ii
8SI4
Tuesday
Jan. 1?
881-;
loomoik
256
25ii
157 \51\
157ii;158
^243
....
175
•170
'170
'-J
305
•150
175"^
152L
I7512I76
1501-2 1501-.
125 12 127
186
Thursday
Jan. 19
Wednesday
Jan. 18
2564;
15742
244
174
Last Hale 171
....
152
8718
100-18
305" 305' •305
152
1521-2
152
87 '4
100 4>
Boston
15742 Boston
244 Boston
175
Boston
Jan '05
Do
186
186
160 12 160
285 285 '285
143 143 4; 14342
'-2
*143
*56
•85
143
I4312
591a 60 14
86
86
I5l»
86
U
•228 232
2081^20812
•1312
59 12
14
14
59 12 591-2
2318 231*
20134 20134
231-2 24 12
20112 2013,
591-2
14
228
228
209
208
•8212 ---
81
68
81
70
81
•50
'95
55
*50
*95
119
97
691.
11734 llEti4
•961.J y7ii
113
62
64-'4
63
05
87
86
8S
Last Sale
Last Sa if
14
5y
59
•23 '-J 24 V?
201 202
*96i2
143 143 *143
62
60 41 601-2
86
Sii
96
1131^
81
69 14
232
209
8212 85
82
81
•53
95
55
1203^
971-i
95
96
113'all3i2
60
95
14
14
Nov'04
141a
60
208
85
85
70
014,
23
20142
203
85
80 14
72
15
5178
I
96
54"e
96
II8I2 1 9
9712 98 14
11878 1201s
97 14 9714
ij
1
931-2
*
-96
114
II4I4
4
20142
Dec '04
208
85 'a
•15"
20s
93 42
86
70
54 14
'54 7f
964a
11878
119-8
98
17218
172
96
114
15
GO
2;; '3
24I4
Last SaLc 22s
232
208
85
85
72
15
5473 55
•95 I2
172
96
90
1131a •113
Z731.J
201 la 202
165 lt;5
208
85
81
70
15
1',
4ii
65
88
Mar' 03
14
'-2
23I4
*2'28
11834 iiy-^
9734 9734
96
113
14
59
591a 5si7p
•2314 24I4
2011a 2013j
144
96
114
Last Half /0-78
Last Sale 43'.^
Last Hale 143
961-1
Lowest
229 8S
345 23934
292 a;137
4 230
319 158
100
& Albany 100
Elevated
100
100
<fe LoweU
& Maine
100
pref
100
& ProvidencelOO
100
Con& Mont Class 4.. 100
Conn & Pass Riv pref 100
Connecticut River... 100
FitcliDnrg pref
100
Ga Ry& KlectriG
100
Do pref
100
Houston El'tric com. 100
Maine Central
100
Mass Electric Cos
100
Do pref
100
Mexican Central
100
N T N H & Hart.. ..100
Northern N H
10(
Norvvicli & Wor pref 100
Old Colony
100
Pere Marquette
100
Do pref...,
100
Rutland pref
100
Savannali Elec com. .100
Seattle Electric
100
Do pref
100
Union Pacific
100
Do pref
100
Vermont & Masa
100
pref
98
172 'b
96 West End St
50
114
Do pref
50
Auc'04 Wisconsin Central... 100
Dec '04
Do pref
100
Dec '04 WoicNa.sh<fe R0CI1..IOO
170
87
21 14
21
8712 88
21
«V
*478
-478
5
22
I42I4 142 12
138 138'-^
146 146
22I2
22
94 12
94
22
•7I4
*250ii:
187
'3858
8O34
192
'I34
139 ly
-18
19
r\
i8.s''i
39
80^4
2
I39I2
aoi-j
*134
"-..
9
834
88
"
154
127
186
20
142«8 144 14
138 138
145 146 14
22 14 2234
94 14 9434
S'4
94
18
714
6912
32 14
14
3234
18l8
121
181?
254
189
39
80 't
2o3 42
187 1«
2
134
V'b
139i%140
140
2
178
2
*2
]
39
'.1
1397^
139
245
*2
16
245
9
1114j
212
I5I2 151a
245
245
8 la
245
8I2
834
112
23
112
•251a
•313
9
'2542
106
6:"-2
I2
'842
834
lllialllia
23
23
106^2 10634
68
32
244
245
6778
33
b3
112
23
2"5i^
342 4
106 42 106 42
as
68 4;
33 14 33 'a
4
IO6I2
69
33I4
94
''J
-7(1
IBhi
'
100
'88
•92
100
92
98
100^8
301a
94
* 65
100=8
3118
95
^70
I8I4 I8I4
9l)"8l00
*90
'92
92
98
106 42
6834
3333
Cumberl Telep & Tel 100
1818 Dominion Iron & St
734 East Boston Land
253 4 Edison Elec IUum...l00
122
188
General Electric
100
Mass'chusettsGasCoslOO
Do pref
100
80 7^
195 Mergentlialer Lino. .100
134 Mexican Telephone.. 30
139 N E Telephone
100
21-1
'
16
245
9
112
23
PlantCom t'st stk comlOO
Do
100
pref
Pullman Co
100
lieeoe Button-Hole.. 10
100
.-jwift & Co
Toirington Class A.. 25
pref
25
Do
3=8 Union Cop L'd <fc Mg. 25
100
1064; United Fruit
69 4: United Shoe MacU... 25
3338
25
Do pref
lUOSglOO^ 100
30^8
941a
31
95
'6
18
IS
9913 991a
90 93
92
100
So '6
100 4?
2978 3038
9378 94 14
95
*-65
•70
•TO
Qr>
18
194i
•171a 181a
100 101
9934 100
*89
9018
93
gOH
30
94
•70
••05
8578
37
100
98
•92
3078
Last Salt
93
Nov23 131
Dec 31 25
76
Deo
Aug 89 78 Jan
Aug 103 I4 Jan
J'ne 262 42
Feb
J'ne 195
J'ne 177
Jan
Apr
Aug 154 Jan
Aug 250 Apr
305
Mar
Sep 157
Jan
J'ly
Nov 125 Jan
Nov 196 42 Mar
Jan 170 Mar
Aug 286 Feb
J'ly 143
Oct
Dec
42 Mar
Apr26 173 42 May
42
'-4
2442Dec 6
87 Deo 6
Nov
5
Sep 16
Nov] 8
2442N0V21
Dec 5
9434
4 Sep 23
49 11242 Jan 15 12234 De<; 16
714 J'nel3 19.34 Nov 12
235
60
742 Deo 21
542 Jan 23
132 230 Feb 26 265 Aug22
1,297 al51 J'ue22 194 Nov2'.i
454 36 Dec 14 44 14 Aug IS
764 7734 Marl4 8434 Oct 25
25 173 J'ne 2 200 Nov2S
Ih Apr30
725
120 118 Feb 23
1,145
4i Oct 11
8 Oct 10
125
598 208 Maris
100
642 Jan 19
115 ^9934 Mar 21
50 22 Dec 21
50 2442 Oct 21
25
JanlO
2
Feb 8
45 14 Feb 2 6
28 Jan 28
848 95
3,151
2,008
642 May 12
100
5
Jan 16
11 77
Do pref
100
60 1034 Feb 6
100
U S Rubber
100
Do pref
139 4042 Jan 6
838 May 13
2934
3014 U S Steel Corp
100 9,810
93^^
Do pref
100 9,259 5118 M8yl3
94
•66
•67 42 West End Land
25
700 50 Apr 12
64j J'ne 3
1941
194; West Telep & Teleg.lOO 1,427
100
lol4i 102
Do pref
506 76 Marl4
7534 J'ne28
•90
El <fe Mfg.. . 50
93 Westing
5
t90i8 Aug 8
93
50
Do pref
Jan '05
9 Nov 26 Feb
66iaNov 86 14 Feb
3 Sep
7 Mar
27 1-2
12 Sep 24 Max
152 14
107% Oct 134 14 Jan
141 Novl7 116 Aug 12342 Dec
I49I4N0V29 114 4! Oct 169 4; Feb
638
234N0VI9
141
4
17
243
9
116
__
Nov3o
Jan 28
J'ly
634
65
Oct
Oct
342J'ly
115
6 42
Oct
Nov
542 Oct
223 Dec
138 Sep
30 J'ly
74 14 J'ly
I6434 Aug
lis Oct
12 1 Nov
9
Apr
Feb
Jan
534 Jan
127 Jan
6214 Jan
834 Jan
310 Feb
204 Feb
4834 Feb
8876 Feb
190 Feb
2 4> Jan
139 Jan
20 Jan
1478
79I4
1
Jan
Feb
99 J'ly 132 Jan
25 J'ne 2634 Jan
28 J'ly 2934 Jan
134 Jan
5 Apr
91 Aug 111 Jan
3842 Oct 63 Jan
27 Aug 31 42 Feb
7 Sep loigFeb
Nov29 197 J'ly 237
64jDec 10
Nov21
Oct 10
224jJ'lyl8
26 N0VI6
5 Oct 29
113 J'nelS
61ial>ec30
32 Oct 20
20 la Deo 9
103 Dec 10
34 NoTls
9942 Dec 29
33 Deo 5
95 4 Deo 3
7134 Oct
9 Oct
95 4! May
18 42 Feb
33
10
J'ly
5742 Jan
3979 Feb
8958 Jan
•75
•50
Jan
101
71
Jaal4
234jNov14
Deo 6
93 Deo 5
100 Jan 15
Nov
49^ Not
7 42
80
Mar
Nov 28
Jan
Feb
Feb
Jan
Oct 102
67 Oct 108
8O34 Oct 110
itliniiig
734
2mj
734
8
75 14
2134
7534
I214
ISI4
655
2412
7^4
•34
691^
151a
'60
3
12
638
"i
63
12
12
33 14
•''4
"25
42
70 "a
151^
611a
I6I4
Si's
3
121-2
6I4
'4
538
27^4
314
28
28
11
IIH;
141-2
101a
•114
13 "a
54
54
64
478
5
IS
3I4
•li*
28
1-2
6I4
2114
21
74 4j 7534
12 14
12
•75
6
63fc
685
25
24
713
•33
i8
6
lln
1
18
1=8
••75
174j
33
331..
171a
*2ia
6
675
6.S0
63fc
688
2142
-712
241a
8
II4
95>a 96
29 < 30
35
OS
69
1836
lO'a
60
62
3
•24J
12
^"b
538
568
514
2776
314
28 14
11
264j
37l9
27 14
26^8
3 4j
27
1042
27^
314
338
2834
10^4
11134
26 4j
10
1%
l''»
r's
138
1034
138
1234
11-2
14
6418
54
434
5
31*
114
28
96
II4
II2
2838
97
28
96
'4
2912 291a
3i»
i\.
'
3 I4
•II4
11-2
9612
2912
3
f
I4
314
3
214
2I4
234
2.fc
234
234
•234
87,
878
87e
27b
834
a
8'^8
834
4 2 '8
4318
6\
12>-j
107
2I4
12
107
Hi
21.
133
132
23'8
•1078
4:!
51a
33b
9
"ti
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834
134
130
31-j
93e
243e
11
2358
1034
43
43
&»4
5 la
I214
1034
'4
53.,
12
107
12 14
107
108
108
2
2I4
2
2
*2ia
8>a
23 14
24
431-1
116
I214
1.
10»8
43
5»»
r
834
130
133
31a
234
35
8
9
115
2 4j
276
834
132
234
35
84
Last Sale
2334
H
43
14
534
1218
12
108>al08i2
1\
27
294i
"•'134
116
14.
314
2
2134
478
Oct '04
94
29
2
24
479
27 42
95
2
lO^s 11
5
27
95
2
'4
54
•434
28
2142 2334
*10"8 107,
42 42 43
6 'a
Ilia
108
13f,
12 42
62 H
534j
2
9
l8
64
12
1081-^
2I4
114
Mar
Mar
Feb
Mar
31i4Feb
OieFeb
Mar
•96
14 Is Feb
3942
Feb
•90
Mar
551
Mar
•10
Feb
31 78 Feb
942 J'ly
1*732 Jan
16
Maj
75
4812
Feb
May
Do pref
Elm River
Mayhower
Michigan
Mohawk
Montana Coal <fc
Mont &
25
25
25
Coke 25
Bo.stou 0tf8..
5
Old Colony
Old Dominion
9434 Osceola
29 Parrolt(.Siiv& Copp)
3»8 Phoenix Consol
115 yuincy
25
25
II4
27
Khodo Island
2.72.')
621-2
3.646
2,800
6
3
830
8,380
1,603
2,U45
Feb 10
,593
76.J
5
Dec
1
May -21 3514N0VII
Feb 2 5
31-j J'jit'lo
tO^aUec 3
2 Nov 12
1142 uec3(i
34 '8 Feb 8
5742N0VI8
•45
J'ly 15
2I4 Janlii
•40 J'ly 5
788 •50 J'ne 9
914 Feb 9
1,575
1
10
25
d
42
53
2u3i
0-',
Aug30
1 38
Sep
2I4N0VI4
6
14 Dec
Fob 8 98 NovUi
Feb 1 3342N0VI8
29
750 d-50 Aug 9 t5
378 80 Feb 25 125
3
420 •50 May
Nov 11
Novl8
Nov
1
25
3'-2Xovl4
1"8 J'ue24
234
Santa Fe(GoldtSi Cop) 10 2,280
1034 Nov2?
3'-2 2VUgl-.i
10 6,741
8 4 Shannon
84»
25
683 85 Mav31 140 Nov 10
129 ramarack
127
4I4N0V29
25
615 ••25 J'uo'.'O
Tecumseh
50 34 Nov 10 43 '4 Dec 3
25
rcnnessee
Mai 26 18 42 Nov 1'.^
334
25 9,673
7»8
8 Truuty
Maris*
t)
6 Marl 9
100
Mar'04 United Copper
6
18 Jan 4 2834 Dec
Mining
23,622
21»8
2'i34 U nitedStales
240
8 Is Juu 4 I234N0VI8
10<^
Unit States Coal & Oil 25
Jan 2 47 Novl8
5 6,770 30
42 '4
4242 Utah Con (Gold)
2 '8 J' noil
63(|Novll
5 '8
1,880
6 42 Victoria
Feb 23 i;i38 Novi
5
1,558
12 Winona
12
332 69 Jan 5 ,10 Nov29
25
108
108 42 Wolverine
-2
331 •50 Feb 23 t3 Nov 7
214 IWyandot
•2
Jan
842
7558
II4
1234
Dominion Coal
37ie Guanajuato Cousol..
2678 Isle Royale (Copper). 25
25
104 Mass Cousol......
12
52 4i
13
2
97,
•;'a
27
12
131a
64I4
6
2
91a
24j
11
51a
2718
5=8
28
?
o'^b
3
12
f
18
100
10 40 J'ue2'J 72 Jan 2 59 '2 Oct 131 78 Jan
103 J'ly 6 116 Nov3li 106 Oct 118 42 Feb
100
Oct
2
5 Mat
134 J'ue27
4 Nov 2
12
'i'lO
24i
7 J'ly 14 Fi'b
7 J'ne 2 15 4sNovl2
25
Franklin
11
737
6i« Apt
2'l8 Mar 18 5iii6Nov28
334 J'ly
5J2 Granby Consolidated. 10 22.086
27 Greene Consolidated. 10 25.591 20 Oct 19 31 'a Dec 6
62
Jan '05
12
115
3a
60
12
115
319
I714
62
2034
1-2
Last Sale 113
115
130
23 42
8
33
-'ib
115
130
6 Is
Last Sal
115
9
132
3342
•85
118
Si-j
1
•75
•85
68 '4 69 la
•CO
134
17k
2 Dec
778Novll
25 1,465 75 Aug 3
314 Jan
25 3,704 dSho Mar 8 21 Novl5
AUouez
74 7e Amalgamated CopperlOO 50,400 43 Feb 8 8234 Dec 1 3334 Oct
•76
Mar21
Mar 15 60 F^eb
1
7o
Mar'04 Amer Gold Dredging 5
6 Jan
8
Am Zinc Lead & Sm 25 355 1538 Feb 23 14 Oct 14 1558 J'ly
Feb 24 2934N0VI6
25
Jan '05 Anaconda
27^i
3 Nov 14 75 Sep
25 "405 •25 Feb 2
14j
134 Arcadian
I42N0VI4 •26 Apr
••75
25
Arnold
1
5 •20 J'ly26
7 Oct
7 Feb 11 22I4N0VI2
25 1,175
17
17 Atlantic
Mar 2 38'34 Nov22 20 Dec
33
33 Bingham Con Min&S 50 2,088 19
•39
May 14 13l6NOTl5 •40 Dec
75
•75
Bonanza (Dev Co)... 10
250
6i«
778Novl7
6 Oct 27
61* Bo8tonConC<feG (rot8)£l 2,285
25
670
675 Calumet & Hecla
223 435 Jan 4 700 NovlO 400 J'ly
05 Apr 23 •25 N0VI8 OS Feb
10
Nov'04 Catalpa (SUver)
2U
21 14
25 6,375 d 14 Feb 8 3234 Nov 11 12 J'ly
2178 Centennial
534 Sep
678 J'ly2i 10 May 20
25
74j
755
8 Central Oil
•35
Cons Morour Gold... 5
34
760 20 J'lyiS •75 Jan 5 35 Nov
22.'')
742 Apr 5 14 Oct 18 10 42 Sep
25
1534
1534 Continental Zinc
68 14 Copper Range Con ColOO 10,455 38 Feb 23 74 12 Nov 18 37 J'ly
67 14
15I4
1034 Aug 1 36
Jan 2 31 Nov
20 9,481
16 Daly-West
Adventure Con
20 14
73 14
Last Sale 1^
281,
3i«
18
33 14
3
12
3
12
la
lia
18
33 J4
15
15
69 1« 09 Is
1014 19
•61
62
3 '4
IVj
lia
••75
8I2
81a
-36
•33
27 't
6
13,
1
690
318
2734
147,
54 14
734
Last Sale
'e
'So
680
"24
8I2
-37
539
•75
2638
5»6
28 4j 28 H.
95 »a 96
30
30
3
l'Ji8
680
12
IS
138
76'^b
34
3
3
12
II4
•434
75
691-2
UI3
54
77
74j
21 14
21
7439 7534
^85
61-j
61a
••34
7U
15
2112I
••75
26
711.
734
Last Salt
"24
8
-37
*7ia
21
II2
II2
134
••75
•75
-75
I8I4
1775
18
600
2734
1134
141a
7534
660
25«s 26
3
3
37
12
34
34
•80
•80
6^4
638
779
121
21
12^4
•134
••75
18
33^8
734
77b
2L34
Feb
39 4: Jan
83 'a Jan
42 Mar
180 Feb
imsepio 24 Jan 21 17 Nov 37 34 Feb
5234 Oct 21 80i4Jan27
75 Deo 96 Jan
5
Apr 25 23'4Nov22
30
S^^Nov 28 ^8 Apr
552 1854:May25 199 Oct 22 J18S 4j May 225 Jan
10 159 Aug24 163 4: Apr 7 161i4Dec 17i 4? Mar
222 Jan 29 232 Apr21 220 Sep 232 Jiar
167 198 J'iicl3 207 Ai)r21 196 Aug. 212 4: Feb
452 74 J'iy26 8042 Feb 1 74 J'ly 91 May
1,372 68 Marl7 7942N0V25 68 Sep 85 Jan
1^08 29 Aug 12 73i4Dec21 30 J'ly 71 Jan
25
7 J'ly 25 Jan
255 40 Jan 15 42 Feb 3 75 Jan 84 ^4 Jan
125 87 May25 95 42 J'ly 8 91 42 Oct 104 •a Jan
6634 Aug 104 42 Jan
19,089 7138Marl4 11678 Nov21
"
97i4Dec30 8342 Oct 95 Jan
215 86i4Mar
16 160 Mayie 173 Nov22 xl62 Sep 178 Feb
145 89 Jan 4 93 42 Dec 22 87 42 Aug 97 Feb
100 108 Jan 4 114 Dec21 108 Sep 116 Feb
16i4J'ly27 17 42 Feb 2 6 15 42 Nov 26 '8 Jan
37 42J'ly27 434»I>ecl6 38 1€ J'ly 62 Jan
143 Deo 8 146 42 Dec 2 144 Sep 150 Jan
U S Leather
"-2
37
303^
8 078
"13;
lOlialOliv
,H)h
93^4
••65
121
'18
253 253
2534i
I88I4I89 *187
•3878 39
39
8OI4 801-2
8O34
80 la 3034
190 1921a 192 192 U2 •192 42
734
252
191
381a 39
4
TO
14 12
121
252
190
4
1061-2
'•2
122
18
J'nelO
85
244
134
230
161
170
290
133
110
184
160
270
672
.la
2234
9434
yia
120
1834
7I4
*i;'5i-2
106
la
V'4
112
*3l2
4.
2234
714
23
"26" •^614
loav^ioe^.
70
69
3238 32 '^
138 11!9
1451214534
Dec 21
Novl7
54I4
Highest
1,465
21
714
IIII4 112
112
23
-25I12
5
14334 14434
120
7I4
88
20
20
*3l2
120
140
2I2
16 14
217
478
5
21
Oct 22
IGJiaJan 4
285
142
57
88
J'ne 7 175
Amer Agricul Chem.lOO 1379 1242 Apr 14
88
88
422 71 Jan 5
88
100
Do pref
434
4^8
300
50
342 Feb 4
47a
47s Amer Pneu Serv
*20
220 17 Feb 27
Do pref
50
"142.34
143 's Amer Sugar Relin
143 42 ii'i
100 9,877 122 42 Fob 24
i:-i9
139
J3S34
766 122 42 Jan 5
139
Do pref
100
14514 146
145
146 Amer Telep & Teleg.lOO 3,962 II9I4 Feb 19
22
22
9 Feb 19
2242
22 Amer Woolen
100 2,128
94 14
94
94
94 42
Do pref
100 1,676 6842 Jan 19
Last Sale 3
3 Nov 2 6
Dec'04 Boston Land
10
21 14
21
88
V^
20
•134
2
140
140
245
247
9
111
80
88
1834
734
2513, 252
181'
ig iOO^i
385s 38=f
2
I6I4
246
*:i^
19
'7I4
1921-2 lL2'-2
193
"Z
»
146
22 1^ 2234
94 14 9434
120^4 I2OJ4
l-2i
"1834
22
22
I42I3 1433g
138 i;!8i2
14(;
21
478
*3'-2
•312
m
5
21
Lowest
Marl4 89'4N'ov2C
Jan 7 IO4I4N0V26
J'ne 7 254 Dee
Feb 5 15542 Deo30
Marll 24^2 42 Nov 6
Aug 17542 Dec 10
Apr 16 174 Oct
Feb 24 303 42 Dec 2
166
3 295
875 136 J'nel5
43 «11642 J'nel5
15 180 J'nel4
1 160
Apr 6
9 276 Jan 2
275 133 J'ne 6
775 24 14 Jan 2
235 73 Jan 27
Ey & U S YlOO
Highest
fllisccilaneous
2078
tor I^eviout
Year (1903)
Week
Shares
pr«f
Cliic Jnnc
163
127
'126
Do
Boston
152 14
4:
Do
Range
Yeeur
1904
the
UailrenUs
Atch Top <fe Santa FelOO 1^84 64
2563.
.;05
151 la 152
ot
EXCHANGE
Jan. 20
Mange ;or
Sales
BOSTON STOCK
Tridav
8738 871;
88
87«8 87»6
88
101 V, 10134 101 101
101
101
25612 2501a '206I2
2.';6'a257
I5712I58
157 15734
158 158
243 la 243 H; 'C43>a
•243
173 174
175 176
175
175
'170
'305
....
STOCKS
Weekly and "Yearly
214
234
Before pay't of aasesa'ts called lu 1903. tiBeforopay'tof assess'ts called tn 1904. *Uidaudaskoil.
1
•-'
;i
Now siocic.
r
As.-i'lpaid.
flix-nulits.
50
Doc
5i4J'ly
3 J'ly
•50
43j
31
Dec
Dec
Nov
an
Feb
58 Feb
8 Mai
2*8 Jan
2 42 Feb
23 42 Feb
79 Fob
34 Feb
7 42 Fob
12642 Feb
4 Feb
3 Jau
1479 Apr
190 Feb
l«io Feb
Jan
33-14 JNla^
J'ly
55
2
Nov
Nov
•50
J'ne
Oct
43 42 J'ly
16 J'ly
6
2 79
80
•75
1
Dec
Oct
Nov
J'ly
7
Deo
75
J'ly
•25
1734
4 14 J 'ly
4 Dec
16i4J'ly
8
22
1 la
3 Jau
17 42 Feb
18 Feb
Dec
Jan
1 >^-<:
5 42.''iy
61 J'ly
•75
Oct
2
42
11
42
J
hal
14
3134 .iau
27
42
Feb
17 Mai
33=8 -^i»J
l''uU
9
1-1 >4
T(
.sUl
ilai
278.ua»
aEx-div.&nghta.
—
4
5
Jan. 21,
J
Boston Bond Eecord.
19«>5.]
BONOS
BOSTON STOCK EXCH'GE
Week Ending Jan
20
^ij;
Week's
Bange or
Sale
Sale
& Nebraska
AtchTop<fcSFeKeiig48..1995 A-O 102 »s Sale
A(33nj»tmeiit g 4s.... J'ly 1995 Nov
Boston Elect Light 1st 6b. 1908 M-S
1924 M-S
CoDSol 58
1907 J-D
Boston <fe Lowell 48
1944 J.J
Boston <fc Maine 4198
1905 F-A
Improvement 48....
Bost<fc Moa3dis«it) Vs... 1904 M-N
Boston Terminal Ist3^s.l947 F-A
1918 J-J 112
Bur A Mo Riv ex 68
1918 J-J
Non-exempt 6s
1910 J-J "99a4
Sinking fund 48
1917 AG
Butte <fe Boston 1st 68
Cedar Bap & Mo B 1st 78.1916 M-N
1909 J-D
2^ 7g
81
82
Cent Vermt*i8t'g4s..Mayl926
Chic Burl & Q extend 48.1905
1919 A-O ioi'
Iowa DiT l»t58
1 919 A-O
Iowa Div 1st 48 .„
1913 M-N
Debenture 53
1922 FA 100
Denver Exten 4s
1927 WI-N
Nebraska Exten 48
98
1921 M-S
B&8
8 t 48
9413.
lUtnoisDlvSius
1949 J-J
Northern
Joint bonds S«e Gt
Ohio Jc By & Stk Tds 5s .1915 J-J 107 Sale
CoU trost refunding g 481940 A-O 100 SaJe
Ch Mil & St P Dub D 6s.. 1920 J-J 1265,
Ch M & St P Wis V div 6sl920 J-J 124%
-High
10U>4
3719
100
Tear
So
Last Sale
Ask Low
Bid
100
1908
Am Bell Telephone 4s 48.1929 j-j
j-j
Am Telep & Tel coU tr7s.. 1908 M-S
1st
BON OS
BOSTON STOCK EXCH'GE
WEEK Endlnq Jan 20
^^
Range
Friee
Fridav
Jan 20
1904
lyOW Hi<l)i,
97^4 lot)
65 8814 97»2
19
110
971,2
9714
Oct '04 "9 109 110
102 >a 102S8
97=8 102 "a
96 Jau'05
97
87
At«li
Feb '04
10415 Apr '00
117 Feb '04
9978 Jan '02
110
101
1121,2
Chic &
Chic &
W Mich gen 68 1921 J-D
Concord & Mont cons 4s.. 1920 J-D
& Paas B 1st g 4s.. .1948 A-6
1927 A-O
Current Blver 1st 58
DetGrBap&W Ist 4s... 1946 A-O
Conn
MS
M-S
MS
Dominion Coal 1st 68
1913
1906
Eastern let gold 68
1915
Fitchburg48
1927
4s
Fremt Elk & Mo V Ist 68. 1933
Unstamped IstSsISSS
Gt Nor C B «6i Q coll tr 48 1921
Registered 48
1921
99
9934
128
129i«
100^4
Feb '04
105
16
J'ne'04
106^
107
100
100
125 Hi J'ly '04
la Apr '04
123
10734 lOgia 108
108 V;
1081,2 Jan '05
108 >u....
109i4Mar'02
112i4Jan'03
101
101 Bale 101
99
98
981a
107iaNov'04
107
103 hi Deo '04
10338
102i2Apr'04
llli4May'02
1381,2
139 Jan '05
]38>2
139 Jan '05
101 14 Sale
99«8 101 14 156
9934
2
100
,
J-J
Q-J
82
78
9912IOO
94
105% 109
100
97
12434 1251a
1231a 1241a
108
100
1051a 108 14
IOII2
100
95 100
1051a 109
loss 104 "8
102 la 103
138
137
137
137
90
9934
9334
9038
Slinre Prices
Saturclaij
Monday
Jan. 14
Jan. 16
844.
—Not
IVSfe
1678
1738
374
36
36 4
36
1334
134 13 ij
48
48
48
48
264
2534
2638
264
15
15
17I4
37 4
*13'4
85 14
Jan. 19'
16^8
36
36
ioi'
A-O
A-O 101
Sale
102
96
Bonds.
-
No price
(For Bonds and Inactive
Fridau
S6
134
1204121
103
91
8
'i'i^'li'ife
12=8
4
42
108
5638 65Sa
55
42
4'.i
109
54
5
689i«68"ia
414 42
104
lOSfc
1^»4
19
54
687ie
42
13
43
109
554
e^ia
694
42
104 104
45-»4
453,
1834 1834
406i6 40l3i8
*4678 46
-42 4
424
424 424
58', 5876
10938 109=8
68»8
403i9 4038
58-'s
109410908
PinLADELPHIA
2638
734 7i»18
Ti4'iii4
13
13
42 4 424
107 4109
654 56 7g
534
57i6
681^18 68IB16
42
42
•48
26I4
*48
264
100=81054
94
10234
7138
10541054
103 18
104 14
10414 sai«
J-J
10134
103»8
Wl
104 104
424 42l»i6
58 '8 587e
108=8 109^8
28
28
Bid
American Cement
&
Iron
Steel
Bell Telephone
Cambria Iron
Jan '05
and asked.
11141126g
H Flat price.
Weekly, Yearly
734
8
734
1434
tor Preoiout
Year (1903)
Share.'.
Lowest
86 Dec
1094 Dec
109
5534
54
109
114 114
124 124
5
6
19 78 Nov 19
40 Nov 18
154 Dec
43
1084 109
667e
58ie
68^6
6838
4134
42
10
104
42
600 48 J'ne 3 51 Oct 31
484 A.merioan Bail ways.... 50
2638 264 Cambria Steel
50 1,846 184May25 26% Dec 30
734
734 Consol Lake Superiort.lOO 2,379
4Mayi;; t 9 4Nov30
43
5638
54
594
6X16
684 6838
414 414
10
194 20 7g
4334 46
4638
46
10
1434
Do pref-t
100
10^8 Electric Co of America 10
300
138
734
May 13
584 Dec 72 4 Jan
84 4 Oct 118
3,3h5
Feb
8
1'
<fe
5.-!
687e Lehigh
VaUey
50
100
BR
50
Philadelp'a Co (Plttsb) 60
Philadelphia Electric. 25
Phila Rapid Transit ... 50
Reading
60
Do "1st pref
50
Do 2dpret
50
Union Tracton
50
United Gas Impt
50
WelsbachCo
100
.MarsdenUo
68 4 6834 Pennsylvania
69ia
534
4134
4134
10
104
«2538 26
431%
46
4434
4636
444 44h8 4<'l6
58'8 5876
5834 58^4
1084 10834 1084 109
4334
44
59
59
10858 1094
*25
28
61,624
23,430
3,140
3334
2^8
Feb 26 597gDeo 5
Mar
3
44Novl5
5578Marl2 70 Deo 5
37»8Mayl7 4308 Oct 17
5
May2o 107eDec22
8 Jan 6 tl9 NovlS
241,725 19 4Marl4 414 Deo 6
1,41)0 33
Mar 1 46 Dec 6
6,487 28 Marl4 424Dec30
1,4?0 4534 Jan 2 69 4 Deo 2
13,578 81 Mayie 108 Deo 6
3,851
3,248
24,311
80
1934
Oct 13 22
J'neie
Jan
1034
Dec
284 Jan
20
8
Oct
Oct
45
4034
Dec 52 4 Jan
Nov 2634 Jan
17 4
33
Dec
99iaJan
Jan
104 Jan
11 Deo
4034
7ii8 0ct
10
19
64
Jan
144 Jan
4 Nov
tl838l>ec 2
II4N0VI6
12 4 13 Gen Asphalt interim ctfs..
879
54 J'ly 16 144Novl8
45
44
Do pref interim ctfs.. 3,787 20 AuglO 444N0VI8
108 4 1084 Lenigh Coal
Nav
50 1,351 624 Jan 14 1314 Dec
a;107g
Highest
Lowest
.Highest
•48
1434
114 114
124 124
42 4 4234
Dec
Nov 36 J'ly
Aug 7934 Feb
344NorT 4578 Jan
14 Sep 4 Jan
5535 Nov 7834 Jan
35 Oct 4734 Feb
Aug 9 Jan
5
734 Dec^ 1778 Jan
1834
Nov ai'iieJan
36
Sep 44i4e Feb
40 4 Jan
2734 Nov
40^8 Sep
76
20
4734
Feb
164Jan
Aue 31 Mar
Oct
Bid Ask
Bid
Ask
BAIiTIMORK
PH1L.ADELJ»HIA
95
PhU Elec gold trust ctfs. 103 1034 Chas By G & El 68 '99 M-S 94
IIV
Trust certifs 4s
74 Al Val E ext 7s 1910 A-O
764 764 Chart C & A ext 58. *09 J-J 114
AmRysconvSs 1911 -J-D ioa" 1024 P & E gen M 5 g '20.A-O
2d 78
1910 A-O
62
Atl City Ist 53 g '19. M-N
Gen M 4s g 1920..A<fcO
City&Sublst53..'22 J-D 1134 1144
108 4
49
BaUs Ter Ist 5s 1926. J-D 91
93
Ph Bead 2d 5s '33.A-0
City & Sub(Was) 1st 5s'48 1118
PHTLADEIiPHIA
Ask
10
50
50
60
60
48
BergcfeEBrw 1st 6s'21 J-J
Bethle Steel 6s 1998. Q-F
Che &D Can 1st 5s '16 J-J
Ask
Bid
Me 1st 5s 1949 J-J
ChOkc&Ggen 5s '19 J-J
M 58 1920 M-N
E A
Elec & Peo Tr stk tr ctfs
Elm & WU Ist 63 '10. J-J
1&
"78"
& Schuyl H..50
Nesquehontag
...50
n Gas-L 1st g 5s 192S
H & B Top con 5s '25 A-O
Indianapolis Ry 48-1933
Interstate Rys
3-34-48 1943
F-A
Lehigh Nav 44s '14. Q-J
RRs 48 g
1914. Q-F
GenM
117e
—
<fe
..
48"'
34
Annuity 68
J-D
J-D
Gen cons 4s ad-iut ctfa
Leh V" Trac 1st 4s '29. J-D
4634
47
New Con Gas Ss 1948 J-D
Newark Pass con 08 1930
NY Ph & No 1st 4s '39 J-J
4
24
14
273"
24
2
2'7"5"
54
904
•Bid ana asked prices; no
sales
Ist 4s '36-. M-N
Deben 68 1905
M-S
Penn gen 6s cl910--Var
Consol 6s c 1905. ..Var
Consol 58 o 1919. ..Var
Penn
Steel con 6s.
Pa &
Can 7s '00. J-D
A-O
Con 53 1939
Con 4s 1939
A-O
Penn Steel 1st 5s '17 M-N
People's Tr tr certs 48 '43
P Co l8t<fc col tr 5s'49 M-S
No Penn
& Md
NY
on this day.
||
J-D
1911
1164
11834
106
Col <&Qrnv 1st 68.1916 J-J
Consol Gas 6s. ..1910 J-D
5s
1939 J-D
Ga & Ala Ist con 68 '46 J-J
116
1(84 109
1
15 4 116
108
Welsbach
cfe
111
lOl'a i02"'
864 864
64
148
65
ii'8"4
150
994
s.
3 f
58 1930 J-D
6434
6a
BALTIMORE
Inactive !^ocks
AtlaaUcfc Charlotte.. 100 150
Atlan Coast Line RB. 100 123 125
Atlan Coast L (Conn)lOO 315 321
Canton Co
9034 92
100
Georgia Sou & Fla...lOO
35
1st pref
9978
100
2d pref
100(v 65
G-B-S Brewing
100
94 934
Mt Vernon Cot Duck
9
8
Unit Elec L & P pref. 50
50
47
Bonds
Anacostia<& Pot 5s
Atl& Ch
101
Income 48 1939. ..M-N
99^8 100
M7s
M 68 g 1911. ...J-D
Ex Imp M 4s g '47 .A-O
1074
10938
44sg.1924.Q-F 1094 110
Consol 6s 1923
Con
Con
1123^ 1134
ConM of '82 4s '37.J-J
Terminal 58 g 1941. Q-F 123 I24I4 GaCar&Nlst58g'29J-J 1104 111
P W B col tr 48 '21.J-J 102
Georgia P Ist 6s. .. '22 J-J 123 1234
Boohester By con 5s 1930 1104 114 QaSo & Fla Ist 58 1945 J-J 114 1144
U Trao Ind gen 5s'19.J-J 98 984 G-B-S Brew 3-4s 1951M-S 074 574
28
27
Un Bys Tr ctfs 48'49J<aj 8234 83
2d income 53 1951 M-N
U Trao Pit gen 58 '97 J-J 1144 11434 Knoxv Trac Ist 5s '28A-0 105
Leh VGlstSs g '33.. J-J 113
Leh V ext 4s 1st 1948. J-D 110
M-S 118
2d 7s 1910
63
66
N Haven
Iron <fe Steel.
North Pennsylvania.. 60
Penu Gas Coal
60
Pennsylvania Salt
50
Pennsylvania Steel.. 100
Preferred
100
Phila Co (Pittfi) prer...50
Phil German & Narrl8.60
Phila Traction
50
Bailwaye General
10
Snsquea Iron & Steel..
Tidewater Steel
10
Preferred
10
United N J BR & C. 100
Unit Pow & Trans
25
United Trac Pitts
50
Preferred
,..50
Warwick Iron & Steel. 10
West Jersey & SeaSh.50
Westmoreland Coal... 50
1st
Eq
50
Minehill
.
4 Col St Ry 1st con 5s 1932 i'o'g"
14 ConTraeofN Jl8t58.'33 1094
38
14
KeystoneWatchCase.100
10
50
103
120
45
Choc <fe
Keystone Telephone ..50
Preferred
8
2638
;
Bange
tor Year
1904
Bonds
Central Coal & Coke.lOO
Preferred
100
Consol Trao Pitts
50
Preferred
50
Danville Bessemer...!
Diamond State Steel...
Preferred
Easton Con Electric. 50
Elec Storage Batt
100
Preferred
100
Gei-mantown Pass
50
Harrison Bros pref. ..100
Indianapolis St
100
Inter Sm Pow & Chem.50
Lit Brothers
Little Schuylkill
....
1024
9841034
ii'iia""! IIII3 Dec'04
Range
!?038
102^4
102
Apr '03
103 !«
the
11539
1004113
Jan '05
102 14 Sep '04
10519 MBy'04
103
264
18!^ 1834
I834 19 4
4034 4113i6 4111l8 443l6
45'8 46
46
46
Inactive Stocks
Amer
48
1434
7^8
114 114
12
124
108
26i8
96
104
100
Philndeiphla
43
4103^
Week
Stocks see below)
Jan. 20
10141014
Mar'02
Jan '05
Jan '05
Feb'03
Nov'04
J-J
J-J
Sales
or
10138
IO4I4IO4I4
1T927g
Daily,
1024
100
100
107
104
niSis 11120
109
109
110
latest bid
118
118
102191021a
93
974
101341021a
102 103
10218104 14
1041,;
F-A
M-S
M-N
F-A
;
94
1021a 104
1081,
10018 1013^
I2014 122
106
5818 763*
13
25
6^8 1638
102
97
97
F-A 104 v,
Friday
964
102 li Ang'04
95 Jan '05
1021a Dec'04
103 Aug'04
103 Apr '04
106 Is Mar'03
100 Deo "04
100 Deo '04
104 14 J'ne'04
n0278 1027g
121 J'ly '04
103 1« Aug'04
J-J
J-J
J-J
J-J
J-J
125 1«
117
92
81
98
7434 Jan '05
22^8 Dec'04
1638 Nov'04
75 J'ne'03
96
U S Steel Corp 10-60 yr 5s. 1963 M-N
1915
Gold 4ia3
1914
Gold debenture 48
1916
Gold 4s
1917
Western Teleph & Tel 58.1932
Wisconsin Cent Ist gen 4sl949
Wisconsin Valley Ist 7s.. 1909
97 10038
1071a 110
9334
94
1021a Dec'04
106
10618
76
F-A
J-D
F-A
J-J
lOOia
9334 101
128 128i«
100 ifi Nov'04
120 li Sep '04
102 J'ue'03
118 Ma5'04
M-S
Union Pac BB<felgrg4s.l947 J-J
Uenconv 48
1911 M-N
1st
Umtert Fruit conv gen 58. 1911 MS 109
West End Street By 48
98
,
106^8
96
lOSia Jan '05
I25I4 12514
Sale
Sale
Sale
A-O
1915
1906
1905
Ist 6s
Old Colony gold 48
1924
Oreg By & Nav con g4s..l946
Oreg Sh Line 1st g 6s
1922
Bepub VaUey 1st s f 63.. .1919
Butland 1st con gen 4128.I94I
Butland-Canadian 1st 481949
SavannaKElec 1st cons 5 s. 19 62
Seattle Elec 1st g 5s
1930
Torrington 1st g 53
1918
NY&N Eng 1st 7s
Year
1904
So
101
101
12818 J'ne'04
101
101
J-D
M-N 1261*
M-S
98
M-S
94
A-O 104
Baltimore
100
40 574 Jan 5
*8i\ .«5 Consolidated Gas
'1U341044 Northern Central
14 71 J'ne 2
50
100 5,0/!2
174 174 184 Seaboard Air Line
7 J'ue21
36'^ 364
Do pref
100 2,377 1334 J'ne21
364 37
534 J'ne 1
700
13
134
134 134 UnitedBy& Electric. 50
103
17
17
134 134 *13
A-O
1908 A-O
6s
5s
Ranne
'S'S
High So Low BiqK
Ask Low
*S44 85
85I4 *844 85
1054 104 104
17 4
Last Sale
lOOig Dec '04
J-J
LE<feFtSmldgr I8t7s...l905 J-J
Maine Cent cons 1st 7s. ..1912 A-O
1912 A-O
Cons 1st 48
Maro Hough & Ont 1st 6s.l926 A-O
Mexican Central cons 48. .1911 J-J
Jan 1939 J'ly
Ist cons Inc 3s
Jan 1939
Sdconsinc 3s
cons 58 tr rec.1929 '1%
Mich Telep
Minne Gen Elec eon g 5s 1929 J-J
New Eng Cot Yam 5s 1929
1906 A-O
New Eng Teleph 6s
1907 A-O
6s
ACTIVE STOCKS
Thursday
Wednesday
Jan. IS
Jan 2b
J-J
Exchanges— Stack Record,
Per Centum Prices
Tuesday
Jan. 17
86 4
!04,
17
85
*1044105 4
Baltimore Stock
Week's
Ramge or
Bid
deben 5s
1910
NonHSonvert deben 58.. .1913
la Falls & Sioux C 1st 7s.. 1917
Kan C CUn <fe Spr 1st 5s. ..1925
Kan C Ft S <a Gulf 1st 78.. 1908
Kan C Ft Scott <fc M 6a. ...1928
1934
Kan C M <fe B gen 4s
1934
Assented income 58
& M By <fe Br 1st 681929
Kan C
KanCStJo<feCB 1st 78.. 1907
Illinois steel
NoT»— Buyer pays acoraed interest in addition to the purchase price for all Boston
PMadelpMa and
J^rice
f^-iday
FA
9912
981a
9018
9512
9514
113
102
14
IOOI4IOOI4
104 L05
99 14 10012
Dec '04
106 14 Dec '02
99^ Dec '04
993<
,
M-S
A-O
A-O
.
112
100
129 •« Sep '04
II7I4 Feb'03
81 la
82
100 Sep '04
107 Jan '04
.
No Mich Ist gu 5S.1981 M-N
Mar'03
Jan '03
1121^ Deo '04
100^4 Sep '04
Dec '04
100 J'ne'Ol
,
W
110
110
213
4
1034 Atlan C L BB4sl952M-S 1014 102
112
101
115
93
117
95
1054
118
120
Exchange 3 4s 1930 J1084 109
Refunding 34s 1952J-J
Balt&PlstOsml'll A-O
116
Bait Trac 1st 5s.. '29 M.N
No Bait Div 5s 1942 J-D
Convertible 58. '06 M.N
1014
1074
Lowest 18 ex-dividend.
105
Atl Coast L(Ct)ctf s OS J-D
Ctfs of indebt 4s.... J-J
Bait C Pass Ist 5s '11 M-N
Bait Fundg 58.1916 M-N
109
110
1054 106
Ist 7. ..1907 J-J
Cent'lBycon5sl932
Ext& Imp
.
...
"U
M.N
58.1932 M-S
Chas City Ry 1st 5s '23 J-J
Ex-rights,
t
$15 paid,
t
115
117
118
120
103
102
115
114
105
LakeB El l8t gu5s'42M-S 115
MetSt(Wash)lst58'26FA 117
Mt Ver Cot Duck Ist 68Incomes
NptN&OPlst58'38M-N
26
General 58....1941 M-S
Norfolk St Ist 5s '44. .J-J
North Cent44s 1925 A.O
J-J
6s 1904
106
110
Series
5s 1926-.. .J-J
Series B 53 1926. ...J-J
Pitt Un Trac 58 1997.J-J
Poto Val l8t 58 1941. .J-J
Sec Av T(Pitts) 5a '34 J-D
118
118
110
116
114
112
A
734 734
27
100
122
i"]'9"
Sav Fla<S!We8t5s'34 A-O
8834 89
Seaboard A L 4s 1950 A-O
Seab & Boan 58 1926.J-J 115
Sonth Bound Ist 58.. A-O 1124 114
9(i4
90
UElL<fePl8t44s'29M-N
Un Ry & El Ist 4s '49 M-S 9234 93
J-D
504 61
Income 4s 1949
Va Mid 1st 68 1906. -M-S 103
1911--. M-S 110
2d series 6s
3d series 68 1916. .M-S
4th ser 3-4-5s 1921. M-S
5th series os 1926-M-S
Va (State) 3s new '32. J-J
Fund debt '2-38 1991-J-J
C con 6s 1914 J-J
West
N
WesVaC<fePl8t6g'll J-J
Wil & Weld 5S.-1935-J-J
Reorganization certs. $3 assees't paid.
{
114
113
112
114
9li4
974
114 116
110 4 1114
116
$20 paid.
I
THE CHRONICLE.
214
<»as .Securities
Yolume
of
Business at Stock Exchanges
TBAI^SACTIONS AT THE NEW YORK STOCK
DAILY. WEEKXY AND YEARLY
Week endina
January 20
jyoS
1
/
j
Slocks
Shares
I'ar valiu
Bailroad
Bonds
die
Ask
100 104H; 106
OS g 1949
See Stock Exch Ust
Indiana Nat & lU Gas—
M-N 26
Ist 6s 1908
35
IndlanapoUs Gas
50
60
M-N n05Hi
Ist 68 1920
Jackson Gas Co
50
81
A-O }
103
5s g 1937
SO
100
40
Kansas City Gas
58 1922 See Stock Ex. Ust.
ULaclede Gas
100
88
90 105
UPreterred
100
58
63
Lafay'eGaslst6s'24.M-N
35
25
Log<fcWabVl8t6s'25.J-D
Madison (JasGs 192G.A-0 HOG 109
iW
U B
Bonds
State
Sid
Hudson Co Gas
EXCHANGE
Bonds
[
LXXX.
V^OL.
Inilustrinl am! >li!4cei
hi ft
Atk
Cons Ry Ltg&Refng.lOO
7
6H2
Consol Rubber Tire. .100
1
Hi
Debenture 48
17
18
Cons Storage BatterylOo *•«>>• 10
Cent Tobac deb 78'05A.O noiHi 102>9
Oamps' Sli i&En BldglOO 30
34
liCrucible Steel
UPreterred
1238
100
100
64
100
Cuban Os of 189G
UDiamond Match Co. 100 138
Dominion Securities. 100
Doaglas Copper
5
13
t8
120s
64',
100\
139
16
8I4
43
46
100
$3^606
Preferred
78
82
100
1,287,991
Monday
Electric Lead Redac'n.50 t
86i',552
h
V
Tuesday
"4,606 Newark Gas 6s 1944. Q-J aSoHz 136Hi
Preferred
50 t
1,382,526
1H»
Wednesday
15
16
Newark Consol Gaa.. 100 86
100
86><i Electric Vehicle
1,040,862
Tliursday
Preferrea
S-D il09\t 109 H2
100
23H2 24 4
llCon g 58 1948
96y,835
Friday
Electro-Pneum'ic Tran 1 f
No Hudson L & Pow—
h
Hi
8
9
Empire Steel
100
$7,000
OS 1938 ..„
A-O n08
Total
6.295,202 $661,605,250 $35,909,600 $3,027,400
40
50
5
3
Preferred
100
HO&IndCNat&IU.lOO
65
35
62
1st 6s 1926
J-D 20
11 General Chemical ..100
January 1 to January 20
Week ending January 20
Bales at
71
70
UPreterred
100 101 103
Pat <fe Pas Gas A Elec 1 00
New York Stock
1^11
Gold Hill Copper
='4
1 t
Con g 58 1949. ...M.S n03H2 105
U
1904
1905
1904
Exchange
1906
91
Greene Con Cop See Boat Stock Exoh
St Joseph Gas 58 1937. J-J 4 89
F
G^4
Greene Consol Gold... 10 t 6»8
8,741,521
Telephone
12,688,595
Telearr
8,677,622
6,295,202
18
Stocks Ko.sliarea
HackensackMeadowslOO 10
$561,605,250 $350,604,150 $1,163,633,800 $828,618,475 11 Amer Teleg & Cable 100
94
95
Par Talue
Hackensack Water Co—
$82,900 itCentralcfc So Amer. 100 118 122
$263,000
$43,500
Betg 4s 52 op 12...JJ^ {95
Bank sharea, par..
96Hj
90
100
HaU Signal Co
100
CommerUnTel(N Y).25 115
BONDS
12
85
Havana Commercial. 100
80
$186,500 Emp & Bay State Tel 100
$14,500
$136,500
$7,000
lOoTernment bonds
36
Preferred
47
100
100,000 Franklin
100
9,952,300
50,000
3,027,400
[state bonds
Havana Tobac(X) C3O..100 31
32
100 122
69,884,500 11(Jold <$! Stock
72,674,500
BR. and mis. bonds 35,909,600 33,155,000
41
42
Preferred
100
1I4H2S, 1905
98
Hecker-Jones-Jew'l MUl
$59,671,000 Hnd.sou BiverTcleph iOO
$82,641,300
Total bonds.... $38,943,900 $33,341,500
102 106
168
1st 6s 1922
M-S
J Teleph...;0O 165
UN
>4
1
err
5s 1920 See
jDAILY TBANSAOXIONS AT THE BOSTON AND rHII,ADBLPHXA UNorthwestem Stock Ex Chang e list H 1st m g- Hail-Marvin 1 00 30
40
128
preferred
100
Teleg. 50 125
EXCHANGES
i
3
80
86
6
2d preferred
Pacific & AtlanUc
100
25
Hoboken l^andcfe ImplOO 200
HSouthern & Atlantic 25 100 105
no2 1031,
Philadelphia
115s 1910
M-N
Boston
Weekending
Electric Companies
i-'^
2
Houston OU
100
January 20
15
Chicago Edison Co.. .100 158 1693<
Preferred
174
100
Dnlisted
Bond
Bond
JAsUd
Usted UnlisUd
lyoS
r
110
Hudson Realty
UKingsCo El L&P Co 100 200
sales
shares
sales
shares
shares
shares
Narragan (Prov) El Co 50 t 97
Internat'lBankingColOO 153 157
13\ 137,
63
Int'n'l Merc Marine. 100
El L&PowColOO
$113,800
10,210
21,879
9,070
$28,000
28,499
rSaturday
31
89
92
Preferred
Preferred
100
100
97,100
22.716
29,329
144,600
16.577
53,866
IMonday
86
26
Col tr deb 4 Hjl922op'07
62,800 UuiteaEleotricof N JlOO
19,649
75,000
52,008
19,847
42,045
ITaesday
21
22
100
48 1949
78Hi 79' International Salt
J.D
111,900
12,786
76,130 108,837
14,423
(Wednesday.. 28,702
62
04
1st g 58 1951
12,233
160,000
66,625
99,569
19,071
29,775
rThursday
Ferry Companies
8
10
International SUver.lOO
139.100
44,420
14,343
60,925
19,079
28,240
i'Friday
40
Preferred
Brooklyn Ferry stocklOO
4
21a
100
Ist 68 1948
J-D 102 Hi 103
BANYlstOs 1911.JJ 107 110
01,937
$686,300
98,067 $451,280 356,042
211,127
Tot^
Lanston Monotype
Con 58 1948 See Stock Exch Ust
20 t 13Hi la"^
70
75
Lawyers Mort Insur.lOO 190 196
N Y cfe E R Ferry stk. 100
92
i 90
Lawyers' Title Ins. ..100 330 335
1st 58 1922
M.N
N Y & Hob con 68 '46. J-D ijioa no Lord & Taylor pref ..100 104 "i no
111
HLorUlard (P) pref ...100 135 140
Hob Fy Ist 58 1946 M-N
Securities
Mack v Companies ..lOo 3734 38
110
N Y <fe N J Ist 5s 1946. J-J }
^
7414 74 Hj
Outside Market •ioill be found on a preceding page.
40
60
Preferred
10th & 23d Sts Ferry 100
lOO
\A Weekly Review of
20
25
MatUson .Sq Garden. .100
95
1st mort 58 1919... J.D } 91
60
80
30
2d 6s 1919
H Union Ferry stock .100
Sti"eet Kaiiivays
Street Kailxi^aya
Bid Ask
10
Bid Ask
13
IJManhatt Beach Co.lOO
M-N 91
Hist 68 1920
3^4
NEW YOUK CITY
Lake St (Chic) El stk. 100
4
Manhattan Transit
20 t
J-J
98
34
1st 58 1928
Ful F stk 1 00 32
Mergent'ler-H'n Bskt. 1
Bleeck St &
Itailroad
HLouisv St58l930..J<feJ II212 USKt
98 100
Mex Govern't 48 See Stk Exch Ust
mortis 1950 ..J.J
lllst
Lynn& Bos 1st 58 '24. J-D UI234 114^4 Chic Peo & St L pref. 100
7
48
Mex Nat Construe. pflOO
TIB'y <fe 7tU Aveslk ..100 244
4
100
4Vi
New Orl Rys Go
Monongahela B Coal.. 50 r 9»4 10
Deposited stock
1I2dmort 68 1914 ...J-J 104 107
28 14
12
15
28
Stock Exch list
Preferred
100
Preferred
Undeposited stock.
50
4Hj
Con 6a 1943 See
'«
4'28 1952
76
79
J-J
109
Mont & Boston Coneol .6
t»4
Prior lien g4Hj8'30McS;S 106
•B'way Surf l8t5s gu 1924 U08 110
North Chic Str stock. 100 82'2 85
100
90
Con mtg g 5s 1930. J&J
100
2(1 68 int as rental 1905 i dd^ 101
92H2 Mosler Safe Co
19
20'«
350
Pnb Serv Corp of N JlOO 141 142
'iO
Income 5s 1930
IJNat Enam & Stamp 100
ITCent'l Crosst'n stk.. 100 330
73
85
95
Tr ctfs 2% to 6% perpet 73
UPreterred
100
IJlstM 68 1922 ...M-N iin 121
UFort Woith & Denver
110
North Jersey St Ry 100 26
120
stk. 100 205
310
42
44
National Surety
City stamped
100
llCen Pk N <fe E R
100
42
Ist 48 1948
M-N 7912 80 N Y Cent deb 48 '34.M.N 100 100^4 UNew Central Coal
185
46
20
,=fichr't'r& loth St stk 100 177
81
ConsTraoof N J...100 80
Northern Pacific
N Y Biscuit 68 1911. M.S 105
>Col<& 9tli Ave OS See Stock Exch Ust
lou
J-D 109
165 170
1st 6s 1933
N YMtge& Security. 100 167 Hj
When released
iDry D E B & B—
New'k Pas Ry 58 '30J-J ni5 116
115
18Hj, 264
Northern Securities.. 100 147 Hi 147«8 UNew York Dock
111st gold 5s 1932... J-D 112
100
58
99 101
60
Or & New Ist Os '05 A-O noo 101
34
1914 ....F-A
37
Pitts Bess & L E
UPrelerred
100
50 t
IJScrip 53
Essex Pas 68 1905 M-N JlOO lOlia
78
N Y Transportation. ..20 t7»4 84
Preferred
Uliighth Avenue St.. .100 390 405
50 t 75
1^4
Rapid lYan St Ry..lOO 250 255
106
Nor
Lum'r <te PolplOO
Seaboard Air Line
HScrii) OS 1914 ....F-A 105
l8t68 1921
A-O 5108
44
1142d&GrStF'y8tk..lOU 405 415
3Hi
IJOntario SUver
CoUlr5sl907 op.. .M.S lOlHi 102
100
4934
24
49
70
J C Hob&PatersonlOO
Otis Elevator com
60
42dStM & StNAv..lOO 50
Va & Southwestern. .100 52
100
48 g 1949
M-N 7914 793. Wabash Pitts Term By
Preferred
1]l8tmort 6a 1910 .M-S IO4I2 107
100 102 lo»
80
85
80 J Gas El & Trac 100 124 127
tSo. Ila
lstg4sJunel 1954.J-D 9434 96Hi Phoenix Mining....
i|2d Income 6s 1915 J-J
1
2914
M-S iioa 106
Gag 58 1953
43
Inierborougli Bap Tr. 100 18l> 187
2dg48June 1 1954..
43 Hi Pittsburg Brewing
60 t
No Had Co By 68'14J-J ai2
Preferred
60 t 47% 474
Lex Av & Pav F 6s See St k Exc list
J-J (iUO
22 Ha 23
Securities See Stk E X list
68 1928
Pittsburg Coal
100
MetroiwI
Ext 58 1924
M-N «105 106 >a Industrial and Dliscel
Preferred
81Hj
Metropol Street Ry See Stk K X list
100
7
192
Pat City con 68 '31. J-D il20
8
Pope Manufacturing. 100
Alliance Realty
Nluili Avenue stock. 100 185
100 115 125
70
2d bfi... -1914 opt A-O }100
15
73
16
Ist preferred
100
Second Avenue stocklOO 205 210
llAllis-Chalmers
100
Rochester Ry pref ...100 102 106
21 Hi 224
104
04
65
2d preferred..
100
i;Pref erred
100
Hist niort 58 1909 M-N
Cou 5s 1930 See Phila list
Pratt & Whitn pref.. 100 100
Cou80l5s 1948.... F.A niisj 115
HAmer Bank Note Co. 50 (61
2d 53 1933
J-D 103 106
135
176
IOHj 10^4 Realty Assoc (Bklyn)lOO 132
Sixth Avenue stock 100 172
American Can com... 100
11
94I2 96
So Side El (Chic) stk. 100
64
64 >4 Boyal BakPowd pref. 100 109 110
Sou Boulev 58 1945. .JJ 5102 106
Prelerred
100
Syracuse Bap Tr 58 1946 5106
61
63
BusseU & Erwin
American Chicle Co.. 100 124 128
25
80 Fer l8t 5s 1919. ..A-O no5 108
United Rys of St"
95
Safety Car Heat<fe Lt 100 190
98
Third Avenue See Stock Exch ILsl
Prelerred
100
I4
21
2212 American Elevated
Com vot tr Otis
100
Seminole Mining
t
P & M 58 192S 103 106
H
Tarry
5
H
100
68 Hi 69
Preferred
VkersStRK os 1046A-O JlOOia
100 650 700
Am Mailing 6s 19 1 4. J-D "104" 104 H; Singer Mfg Co
Gen 4s 1934
6'eeStk Exch list
28 Hi
2-4 Standard (Coupler (jom 100
28th <fe 29th Sts Ist os '96 «1121i2
2
American Nickel
10 t
UnitBysSanFran Seetitk. Exch list
Preferred
TlTweniy-Th'd si stk 100 390 400
100 120
Amer Press Assoc'n.lOO 96 105
J-J
Wash By <fe El Co.. ..100 27 '8 28 ig Am Soda Foiiu com..lo6
9 Hi 11
98 100
2
.Standard MiUing Co.lOO
4
Deb 5s 1906
84 14 84 Hi
100
34
37
Preferred
63
Preferred
Union By lst58 1942 F-A no8
preferred
68
100
1st
100
77
J-D
86
78
4s 1951
8618
11
14
63
Westchest 1st 58 '43 J-J 102 106
2d preferred
106
60
190
Standard OU of N J. .100 630 035
American Surety
H West Chicago St ....lOO
50 185
86 Hi 89 Hi Amer Tobacco (old).. 50 250 500
llCong 68 1936. ...M-N
Storage Power
3b
4
50
BROOKLYN
SwUt<fc Co See Boston St k Exc h'ge
Preferred
See Stock Exch list
Gas Securities
1024
1st 6s 1910.1914....J-J ni)2
Allan Ave 58 1909.. A-O no2
Amer Tobacco (new)
NEW YORK
37
A-O 113
Tennessee Copper
249 251
Con 6s g 1931
26 t 35
Common trrects...
75
90
Cent Union Gas Ist 58. 2109 110
Impt 5s See Stock Eic h list
Prefd ccrtfs See Stock Exoh list UTexas & Pacific Coal 100
110
k Exc li list
K 68 1933. .A-O 103 104 Con Gas (N V) stk. See St
1st Gs 1908
A.O no5
BB&
4s and Os cerlfs See Stk Exch Ust
Conv deb 6s ctfs SeeStk Exch Ust
Title Guar & Trust See Trust Co'«.
Brooklyn City stock... lu 238 242
37
43
Am Typefo'rs com... 100
HMutual Gas
100 300 320
TiUelnsCoof NY.. 100 185 195
Con 63 See Stock lixcii list
96 100
Preferred
100
4:<4
114
New Amsterdam Gas
Tonapah Min (Nevada). 1 t 11
Bkln Crosstn 58 1908. J-J 102
Amer Writing Paper. 100
4Hi
14
17
Ist co-usol 58 1948. .J-J aio
21
Bku Hgtfilstos 1941 A-O 104 106
112
22
TreulouPotteries com 100
Prelerred
100
See Stk Excli hst
85
874
Preferred new
Bkln Q Co Jis Sub
N Y <fc East Biver Gas—
80
82
100
J.J
5s 1919
'/6
65
Bklyn Bap Tran See Stk Exch list
Ist 6s 1944
J-J ai2
114
Arizona Con Mining.. .60 t28'4 2»7| Trow Directory new. .100
1
41* Union Copper
Consoles 1945
14
J-J J109
112
13^4
10 t
IJConey Is. <&Bklyu ..100 340 350
Baldomero Mining
5
9^
93
Ist cons g 48 1948. .J-J
99
N Y & Bichmond Gas. 100 35
18
Union Typewr com. .100
100
IIBaruey «fc Sm Car ...100
BrkC& N 58 1939. J -J 113 115 Nor Un Ist 68 1927. M-N 104 107
1st preferred
100 119 1214
IjPreferred
100 127 Hj
120
GrSt<feNewl8t5s'0GF.A 100
^Standard Gas com ..100 130 150
2d preferred
100 118
Bliss Company com
50 140 150
2
24
llPreterrod
Gr'pt &Lorimer St 1st Os 102
100 156 170
Unit Box board<fe Pap. 100
130 146
Preferred
50
lOH; 114
Kings Co. Elevated—
Preferred
100
ist 68 1930
M-N nil 113
Bond& Mtg Guar. ...100 385 395
t>
84
Ist 4s 1949 See Stock Exch list
100
U S Cotton Duck
Borden's Cond Milk.. 100 140 144
OTHICU CITIES
17
Nassau Klec pref
100
75
Preferred
100 112
113H U S Envelope com. ..100
83
68 1944
Prelerred
1 00
110 113
Amer Light & Tract. 100 68
7034 British i.ol Copper
6
G'4
6 t
li
See SI k Exc h list
1st 48 1951
Preferred
100
98 Si 99 H- Camden Land
U S LeatJieriiew(wi)10o 43 4ft
3 t
"s
93
94
Prelerred now (w 1)100
N Wl>'g<feFlatl8tei4'2« 101 104 Bay Stiiio (ias
00
Celluloid Co
100 119 121'
the
9714 98
Steinway Ist 68 1922.J.J ai9 121
Bingliamtoii Gas 5s 1938 4 94
New 68 (w 1)
98
16
20
Cent Fireworks com. 100
23
26
Shipbuilding (w 1)...
Brooklyn Union (^as deb
Preferred
06
75
US
100
88
86
3',
Preferred (w i)
Gs 1909 conv '07. ..M-S 180
184
Central Foundry
100
3H;
OTHKE CmEB
6I4
Buffalo City Gas stocklOO
5 certifs
43H; 494
Preferred
18 Hi 19*^
100
Buffalo Street By—
l8t 5s 1947 See Stock Exch list
U S Steel Corp new 58 See Stk E X U«t
74
Deb 6s 1919 op 'OlM-N 72
'11
118
1931..F-A (!112 113
Istconsol 58
Jill
Consol Gas of N J
Col tr 8 16s 'i)l opt
100
135
Century Realty
100 125
A.O
Deb 68 1917
107
Coltrsf 5s '51 not opt. Jill 113
l8t 5s 1936
J-J
UO
Cliesebrougli Mtg Co 100 420
96
V
Chicago City By stk. 100
Universal Fire Ext'r. 100
6
197
Consumers' L H <& Pow —
92
101
TlClalliiKli B) Istjiref 100
iCliic UuionTrac,S'«eSt'ck Excli list
Universal Tobacco. ..100
58 I'.KiS
J.D
95 105
% 1
100
1120 prelerred
ft
Preferred
2
iCieveland Electr By.luo
791^ 80
100
IIDelroit City (ias
50
95
105
100
1, Common
Columbus (O) St By. .100
Westchester <fc Bronx
9 UK Elizabetli Gas LtCo..](i() 250
3U0
65
80
Col & Hock Coalcfc 1 pf 100
Title & Mort Guar Co
Preferred
loo
92
162Hi 170
128
109S: K.iHox & Hudson (ias 100 126
iHlgSs 1917
J-J i 85
t
Coium By cou Os See i'li ila list
Westmgli Air Brake. .50 a43Hi I46k
Fort Wayiio Os 19l:u..J-J i 58
61
('oiupressed Air (Jo.. .100
Crosst'wn lst68'33.J-l> 410712 109
White Knob Mining. 10 t
4
Gasife 101 Bergou Co. .100
00
66
66
Consolid Car Heating 100
68
24
Griind Baplds By
2
New stock (w 1)..
100
Grand Bapida Gas
66
06
15
IJCons Firew'ks com .100
124
Preferred
Wortliini; Pump pref. 100 118
11l8t 68 1915
100
F-A 5102 104
65
85^1
100
lll'referred
i Buyer pays accrued lutorest. \ Price per slure. iSaie price, a Ex rights. scEx dir
tNew Block. i| Sells on Stock ExoliauK(ii, but not a very aoUve secarltgTi
Isatorday
754,436
t
$72,664,850
120,434,100
74,721,700
lll,703,d50
91,955,200
90,125,760
84,656,000 $1,468,400
6.296,000
417,500
4,1)93,000
336,000
H,055,500
167,000
400,500
7,859,000
248,000
6,350,000
Electric Boat
H
i.
';
&
—
:
f
!
I
I
Y&N
I
1
1
1
NY&Q
am
^/
I
mo
Outside
MN
H
)
;
1<^
Am
,
t
W
i
1
W
AO
I
)
i
.
,
mo
1
.
.
.
.
.
..
.
..
.
.
.
..
..
.
THE CHRONICLE.
Jan. 21, 1905.]
[tiirestmjeut
and
215
l^ailrcrad %nUlliQtntz.
RAILROAD GROSS EARNINGS.
Tlie following table shows the gross earnings of every Steam railroad from which regular weekly or monthly returns
can be obteined. The first two colnmns of figures give the gross earnings for the latest week or month, and the last two
add a supplementary
columns the earnings for the period from .1 uly 1 to and including such latest week or month.
statement to show the fiscal year totals of those roads whose fiscal year does not begin with July, but covers some other
The returns of the street railways are tyrought together separately on a subsequent page.
period.
We
July
Latest Gross Earnings
ROADS
Week;
o-r
Month
Ala Gt Southern. latwk Jan
Ala N O & Texas- PaciUo.
Current
Year
Previous
Tear
55,874
N O & No East. 4th wk Deo
Ala & Vlekflb'g 4th wk Dec
1 to Latest
Current
Year
BOAD3
Previous
Year
or
MStPA
Week
Month
1,736,435
1,614,914
.
W
M
dnNO&TPao.
W&
. .
1
I
-.
2d week Deo.
3d week Deo.
4th week Dec.
week Jan.
2d week Jan.
Ist
!
/
t
(4.T
(49
(49
(50
(62
(50
(48
(48
(48
(44
(32
roads).
roads).
roads)
roads).
roads).
roads)
roaos).
roads).
roads)
roads)
roads)
Mexican currency.
operated,
Previous
Year
Current
Year
137,009
8,976,1-32
9.021,499
8,927,835
12.958.404
7.186.66<J
6,228.127
9.269.091
13,988,402
8.758,879
9,093,461
8.794,167
11.473,957
8.373.471
8.362,002
8.288.087
l;i.476,0:JO
6,730.800
6,464,684
Latest Dat*
i
Previous
Year
'.
117,716
8,138
129,447
194,666
237.990
14.354
8,041
.
i
.
L&
.
V&N W
W
. .
LE
VAEIOTJS FISCAL YTIABS
Allegheny Valley
Atlanta & Charl Air Line
Jan.
Atlantic
Birmingham
Bellefonte Central
Chic St P Minn
Omaha
International
Gt North'n .
Lake Erie
Western
Manistee
North Eastern..
Deo.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Mexican International
iMexican Railway
tMexican Southern
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan,
Jan.
Jan.
Dec.
&
&
&
&
Manistique
Maryland & Pennsylvania..
I
.. ..
Missouri Paciflc
Central Branch
Total
jNational RRof Mexico
Northern Central
cPennsy., East of P
E
&
P&E
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
Mar.
&
eWestof
Pere Marquette
&
&
&
&
H
&
Texas & Pacitlc
West Jersey & Seashore
Phila Baltmiore
Wash
Philadelphia
Erie
Pitts Ctn Chic
St Louis
Rio Grande Junction
St L Vandalia
Terre
Terre Haute & Indianap
Terre Haute
Peoria
Current
Year
Period
Mar.
Nov.
Nov,
Nov.
Jan.
Jan.
4857,191 9-25 Month Jan. 1904
+309.56!) 2-21 Month Feb. 1W04
+721,304 8 '23 MontU Mar. 1904
+382,325 4-Jo M onth Apr. 1904
+y71,00ii 11-04 Month May 1904
+ 1,664.116 16-24 Month June 1904
+ 603,361 7 21 Month July 1904
+ 659.497 7-89 Month Aug. 1904
+ 639. 74r 7-72 Mmth Sept 1904
+ 482,384 3-rt7 Montri Oct. 1904
+455,869 6-77 Mouth Nov. 1904
—236,557 3-66 Month Dec. 1904
Dec. $60 2.656
Oct. 31 $2,402. 612 $2,183,972
818,078
Nov. 30
57.276
Dec 31
Nov. 30 10,412,542
187,384
Jan. 14
Deo. 31 4,970,992
381,676
Nov. 30
83.412
Dec 31
31
273,197
Dec
Nov. 30 6,311,873
Dec 31 5.968,840
Deo,
Jan.
Jan.
Jan.
Jan.
1,166,996
1,286,000
39,000
1,325,000
31
1-4
14
14
(
5,218,728;
341.513
70.007
27 L', 254
6,494.465
5,5«0,20Oi
l,039,404i
1,387.000
68,00O
1,455,000
451,444
400,026
14
Nov. 30 9,462,908 9.486,108
Nov. 30 108047519 113398:^19
X»ec.l,6 06.400
Nov. 30
Dec. 21 11,804,806 10.906.028
Nov. 30 12,501.346 12.523,646
Nov. 30 ^,095.703 7,iJl5,330
Nov. 30 21.987,711 22,727.664
542,741
514,786
Oct. 31
400,078
489,882
Dec. 31
337,247
344,146
Dec 31
104,340
132,665
Deo. 31
482,777
452,715
Jan. 14
4,016,584
Nov. 30 4.063,084
Current Year PreviousYar\ Ino. or Dee. ,P-C.
rds.)
rda.)
rds.)
rds.)
rds.)
rds.)
rds.)
rds.)
)
127,083.582
115.448.815
133.294,034
136,783.139
134,660,386
114,280,175
139,712.599
144,558,47o
147,338,530
154.758,62l
140,909,47(
55,069,547
b Includes the Hous. Ji Tex. Cent, and its subsid. lines in both years and for botu periods.
g Includes the Chicago & Eastern Illinois in bolb years.
e
'
74,072
10,999.755
190.024
Montlily.
121,307,020
118,445,889
133.218,211
132,433,290
130,935,613
113,351.491
132.242,621
145,292.493
rds 151,475,024
rds.; 159,732.959
rds.) 154.304.117
67rd3.) 59,429,656
(127
(129
(125
(127
(128
(lOa
(125
(122
(124
(124
(124
Previoug
Year
Nov. 30
$
10,126,282
14.297.971
9,480,183
9,476.7»6
9.765.176
13.338,073
to
4.881,150 4,310,63«'
246.597
195.766i
4,452.672 4,163.227'
118.315
5.514,621 5,359,98®
NashCh& StL.. 2d wk Jaa 165.791
6.048,816 6.048.081,
tNat'lRRof Mex 2d wk Jan 203.014
123,433
14,089
Nev-Cal-Oregon December.
112.3921
3 932
3,397
13,797
17.0315
Nevada Central November
N Y O & Hud Riv December 6,893;934 6,443,525 42.100.406 41,209,41»]
N Y Ont & West. November 578.542 538.883 3,114,945 2.999,254^
N Y Susq. & West November 253,683 200,656 1,074,520 1.040.6591
Norfolk & West'E November 1,984,253 1,771,601 9,814,227 9.557,176=3
894,837 834.837 4,584,314 4,445.9141
Northern Central November
North'n Paciflc. December. 4,263,613 3,799,l'.i0 27,886,408 26,533,845
16,773
15.817
93,375
Ohio Riv& West November.
93.6871
489,029 450,017 2,821,334 2,666.5431
Paoiflo Coast Co November.
e Penn— EastP&E November 10453525 9,799.925 51,351,843 53,242,943;
Inc. 6 59.600
Dec. 13 0.400
eWestP&B.... November
Pere Marquette.. 3a wk Dee 232.049 199,934 6,472,243 5,615,05OJ
PhllaBalt&W'sh November 1,162.159 1,140,059 5.928.636 5,899,6353
PhUa& Erie
November 701,188 620,166 3,625.038 3,607,324^
Pittsb C C & St I. November 2,067,205 1,979.725 10,369.551 I0346,820i
4.247
21,007
Raleieh <fe O Feai November
5,086
20,083!
Reading Railway November 3,135.858 2,759,210 14.969.663 14.876,437'^
Coal&IrOo
November 3,391.226 2,395.068 13.205,561 12,814,1561
Total Both Cos November 6,527.084 5,164,278 28,175.224 27,690,593]
115.272 105,618
558,249:
575,376
Rich Fr'ksb & P November.
226,059*
206,898
61.379
56,143
Rio Grande Jet,. October...
7,176
255.450
244.0 lt>,
9,357
Rio Grande So... Istwk Jan
Rocklsl'd Sys.. November 4,132,406 3,911,772 19,499,912 21,086,3431
1,349,228 1.329,4891
Rutland RR.
December
95,io6
558.260
99,413
St.Ios&GrI
November
583,06»i
St
San Franj; November 3,610.405 3,090.720 17,184,400 I5,723.488i
St L Southwest
2d wk Jan 126,369 146,572 5,032.178 4,345.033;
StLVan&TH.. December. 211J^68 194.202 1,793.908 1,277.43^;
Seaboard Air L.. November, 1,154,815 1,057,121 5,463,521 5,056,557i
730,622
671,2111
Southern Ind
December. 121,557 105,999
.So Pacitlc Co b... November, 9.071.428 8,416.988 41.056.783 41, 234.683J
Southern Rallw'j 2d wk Jan 669,645 849,278 26.465,750 24.658.611
TerreH&Ind... December 164,135 166.829 1,145.085 1,098,096
366,11'.:
70,414
60.032
331.439
TerreH & Peor.. December
18,439
495,487
19,460
449.639,
Texas Central ... 1 St wk Jan
Texas & Pacific. 2d wk J an 216,470 258,469 7,365.733 6,991,999]
51,20O!
17.800
17,100
56,200
TexS
.. October
61.664
66,668 2,303,519 2,101,873;
Tol & Ohio Cent 2d wk Jan
677.78021,393
20,734
710.066
TolP&West.... Istwk Jan
61.140
56,868 2,107,165 1,780,376
TolStL&W
2J wk Jan
18,974
337,890
309,195
Tor Ham &BuJl. 4thwk Dec
19,766
Un Pac System . November 5,719,798 5,052,789 26,551,122 25.035,048^
341,491!
41,665
298,543
Virginia & So W'n December
50,740
Wabash
2d wk Jan 406.160 400,211 14.612,544 13.036.212i
242.563 244,963 2,287.632 2.291.732
Jersey & Sea'e November
66,225
83,609 2,446.640 2,464,038-i
Wheel &
2q wk J at
77,284.
11,522
13,419
77.938
Wm'sport&N.Br. November.
Wisconsin Cent. 4thwk Deo 161.000 150,758 3.508.441 3,429,1121
73.648;
WrightBv &T'n.. November
18.220
17,052
83.077
Yazoo & Miss. V. December. 972.382 846,214 4,572,527 4.028.7iOj
JDeot.
4th week Oct
Ist week Nov.
2d week Nov.
Sd week Nov.
4th week Nov,
Ist week Dec.
July 1
$
8
AGG5EEGAXES OF GKOSS EARN I NGS— Weekly and
WEEKLY STJMMABIE3 Current Year PreviousY'ar Inc. or
P.CMONTHLY SUMMABIE3
3d week Oct (47 roads).
Current
Year
StM. 2d wk Jan
Mob Jack & K 0. Wk Deo 31
78,673 1,232,549 1,253,534 Mobile* Ohio... 2(1 wk Jail
50,712
80,081
56.375
715.397
642.050
51,812
753,511
727.010
60.992
57,998
Vlcksb 8h & P. 4thwk Dec
Dec 378.292
Dec 36,738
Allegheny Valley November.
30,802
26,435 1,071 ,4'J:0 1,100,187
2d wk Jan
Ann Arbor
AtohTop&SFe. November 6.487,014 6,348,388 28,379,905 29,776.563
Atlanta <& Char. October... 323,390 288.890 1,253,098 1.122.475
419,350
276.407
81,001
56,870
Atlantic ABlr... November.
Atl Coast Line... November. 1,947,871 1,739,300 8,523,30'2 7.804,720
57,27"
13.^32
54.493
15,708
Bait & Ann SL.. Oct ober .
December. 5.412,259 5,189,279 34,544,733 34,415.561
Bait & Ohio
902.08^
847,957
Bangor & AroosI November. 174,108 142,252
27,821
36,946
5.515
5,682
Bellefonte Cent'l December.
22,835
4,644
3,867
20.848
Brldgt & Saoo R. November
109,060 4,454,112 4,2€0.877
Bufl Rooh & PtEit 2d wk Jan 138,265
101,0S2
479,678
433.437
90,058
Buttalo (feSneq... November.
877,355
825,841
106,861 113.165
Oalcte North w'n. December
58,800
50,300 2,217,700 1,827,800
Canadian North.. 2d WK Jan
Canadian Paelllc 2d -wk Jan 747,000 772,000 28,631,880 26.375,458
162,600 185,100 5,814,071 5.285,940
Cent'l of Georgia 2d w k Jan
Cent'l of N Jersey No^'ember 1,840.004 1,801.074 9,483,586 9,384.785
70.072
58,674
1,860
2,03»
Chattan South'n. Ist wk Jan
Cbesap <fe Ohio... N' "'ember 1,719,680 1,566.523 8,737,322 8,070.634
Ohio & Alton Ry. November 1,154.332 934,376 5,863.478 5.129.211
Ohio Gt Western. 1st wk Jan 128,930 119,682 4.112.715 4,540,478
83,156 3.062,594 2,970.503
80,087
ChioInd&L'v... 2d wk Jan
Chlo Milw & 8t P November. 4,524,521 4,440,775 22.437.652 22,035,650
November 4,833.951 4,721,250 25,147,236 25,012.907
CailoA North
Chic St P
& O. November 1,099,203 1,091.171 5,432,506 5.402,737
814,3-.i;7
25.312
868.286
25.357
Chic Terra Tr RE Ist wk Jan
114.961 102,424 3.834,671 3,532,353
1st wk Jan
ei Cln Ch &, 8t L. Noveuiber, 1,892,646 1.697,709 10,135,894 9,372.895
253,9i)»
237.364 1,258,11b 1,282,048
Peoria <fe Eaat'n November
97,956 3,412.509 3,174,491
Colorado &8outli 2d wk Jan 106.706
21,115
18.603
95.916
94,440
Col Nevrb & Lau. November.
240,627
42.035
267,133
44,514
Copper Range.... November.
3,25i;
November.
4,269
24.094
36,711
Cornwall
116,833
21.788
17,009
100.915
Cornwall & Leb. November
Denv.&RioGr... 2d wk Jan 291.500 277,500 9,531,999 9,480,789
407,820
81,147
80.587
409.779
Det & Maelrinao. November
892,275
27,045
25,689
846,750
Detroit Southern. 2d wk Jan
41,96'.» 1,428,348 1,472,108
40,67^
DulSo8h&Atl.. 2d wk Jan
November 4,002.222 3,489.855 19,998,633 20,434,162
Erie
3,013
15,235
12,633
4.235
F'rchild&N'r'e'n November
6.5SO
3.3,519
40.882
7,957
Parmv & Po what November
Deny City November 256.723 237.136 1,099.159 1,272,942
Ft
November 234.358 216.041 1.081,536 1,038,498
Soorgia RR
865,642
85»,067
Oa South & Fla.. December. 145,068 153,819
57,437
35,843
GUaValG& N.. October
555,459 609,105 19,131,724 19,281.601
ttr Trunk System 1st wk Jan
GrTr. West'n 4thwk Deo 13y,9ll; 127,303 2,558,176 2,819.954
DetGrH&M.. 4thwk Deo 45,438 43.939 779,423 695,473
(Sreat Northern.. December. 3,506.28i 3.061,781 23.219.607 2.951,287
Montana Cent'l December. 204,013 208,782 1,186,232 1,032,098
p Total system. December. 3,710.297 3.270,563 24,405,889 24,033.385
35,832
37,417
979.030
983,673
;«ulf&ShlpIsland let wk Jan
88,274
91,872 3,456,826 3.418,125
'Hocking Valley.. 2d wk Jan
Illinois Central., December. 4,387,376 3,806,150 25,764,875 24,032,382
106.238
25.316
21.690
150,273
illlinots Southern DeceniDer.
644,035
Indlll& Iowa... Vovcmber 150,'28h 129,854
694,780
94,797
98,598 3,584,168 3.525,227
Int & Gt North'n 2d wk Jan
110,197 113.575 3.065,989 3,010.495
llnteroo (Mex) . . 2d wk Jan
2d wk .Fan
45.464 1,413,105 1,307,124
46,469
towa Central
29,513
22,059
912,518
Kanawha & Mlcb 2d wk Jan
964,165
November. 619,759 680,433 2,766,833 2.683,884
Kan City South'n
December
442,190 438,492 2,645,763 2.770,983
LakeErle&Westn
Lehigh Val RR.. iSovember. 2,746,097 2,259,622 13,220.295 13,004,314
November
37,20d
248.676
43,326
Lexing & East'n.
195.108
Novembfcir.
Itic.
56,277
Inc. 212,317
Long Islajid
264,849
52,088
341,141
Louisiana <& Ark. November
77,249
LoulsT <b Nashv. id wk Jan 712,270 715.310 20,879.676 20,193.614
Macon & Birm... December.
73,302
13,610
13,050
73,617
37.332
Man'teeA Gr. rca p November
4,282
5,802
34,187
;.Mani8 & No Eas. November.
153,521
26,356
25,039
165,265
Mani.stique
December
40.327
4,627
5,819
47,450
,T4aryl'd & Penn.. Dec&mber.
169,628
23,372
22,118
173,135
IMexioan Cent'l.. November 2,010.009 2,048,999 10,256,375 10.3.".1.686
li&Iexioan Intern. November
566.874 605,029 2,760,266 2,773,911
Wk Dec.31 105,200 122,200 2,930,500 2,789,000
fMexlcanRy
iMexioanSouth'c 4th wk Doc
527,670
553.5b7
26,645
28,618
Millen & So'w'n. November.
22,278
6,527
4,646
34,542
Mineral Range.. 2d wk Jan
309,699
11,322
12,479
370,226
Minneap & Bt L. 2d wk Jan
50.647 1,671,867 1.693,240
49,9S3
Mo Kan <te Texa,^ 2d wk Jan 304.866 332.099 H,522,'J58 10,271,203
MoPao&IronMt 2d wk Jan 646,000 738,000 23,804,833 3,389.933
Central Branch 2a wk Jas
21,000
37.000
871,000 1,037,000
Total
2d wk Jan 667,000 775.000 24,675,833 24,426,933
;
\.
Latest Gross Earnings
Date
-5.776.562 4-55
+ 2,997,074 2-60
—75,823 006
—4,349,819 318
—3,724,773 2-77
-923,684 081
-7,469,978 5-35
+ 734,020 0-51
+4,136,483 2-81
+ 4,974.337 3-21
+ 13.394,641 9-51
+4,360,109 7-92
Covers lines directly;
THE CHRONICLE.
216
Latest €(ro88 Eamlngra by Weeks.—In the table which
follows we stun up separately the earnings for the second
week ot January, The table covers 33 roadB and shows
3*66 per cent decrease in the aggregate from the same week
last year,
2d
v>eek
of January.
AJin Arbor
Buffalo Elooh.
1905.
S
30,802
138,365
58.800
747.000
162,600
80,087
106,706
291,500
27.046
40,672
88,274
94,797
110.197
46,469
29.518
712.270
12.47»
49,983
137,009
301.866
646,000
21,000
118.316
165,791
203,014
126.369
869.645
216,470
61,664
61.140
406.160
66,325
ft Flttsb'jt
Canadian Nortbem
Oanadlan Paolflo
Central ot Oeoreia
Cblo. Indlan'Us A Lioolsv.
Colorado
Soatliem
Rio erande
ft
Denrer
A
Detroit
Soatbem
Oolnth So. Shore dk A.tl..
HookinK Valley
International & Ot.No..
Interooeanlo (Mex.)
lowaGentral
—
Kanawna &
Mionigan...
LiOQlBTme & NashvlUe..
Mineral Ranse...
MlnneapoUB
ft St.
Lools.
Minn. St. P. ft S. Ste. M..
Mo. Kansas ft Texas
Mo. Paolflo ft Iron Mt. . .
Central Branch..
Mobile ft Ohio
Nashv. Chat, ft St. Lools.
National BB. of Mexico
St. Lon is South western..
Southern Ballway ....«
Texas ft Pacific
Toledo ft Ohio Central..
Toledo St. L. ft West
.
Wabash
......
Wheeling
ft
Lak e £rie.
.
Total (82 roads)........ 6,228,127
.... -.
p. c).
Inereate.
1904.
$
$
S
86,435
109,060
50,300
772,000
185.100
83,156
97,956
275,700
25,689
41.969
91.872
98.59113.575
45,464
22,059
716,310
11.332
60,647
117,715
882,099
738,000
87,000
129,44!94,6^6
237,990
146,57^
849,278
858.469
66,668
Decreate.
4,367
29,205
8,600
26.000
22.800
3,069
8,750
15,800
1.356
*»*• •**
a«* -1,006
7,454
• «••
•
•—
i,297
3.698
3,801
3,878
3,040
1,167
664
19,294
30.233
92.000
16,000
11,132
28.863
34,976
20,203
20,367
••••....
4,282
5,949
56,8.58
400.211
83.60W
•»•
137,486
6,464,684
Net decrease t3'66
41,999
4,904
--»*-
17,384
364,043
236,557
For the first week of January our final statement covers
44 roads, and shows 6 '77 per cent increase in the aggregate
over the same week last year.
Ist
week of January.
1905.
190i.
Inereate.
$
$
Detroit Southern
Duluth So. Shore ft At...
OnU ft Shlo Island
Kanawha
Michigan...
Bio Grande Southern...
Texas
ft
Central............
6,366,869
50.712
69.143
102,424
21.277
36.14?
37.417
22,198
7,176
18.43 4
473,326
5,162
19,739
12,537
11.005
6.229
7,186,669
Ohio. Ind'pllB & Loulsv..
Oln. N. O. & Texas Pac..
*
6,760.190
56,874
88,882
114.981
32,282
41,374
35,833
28.457
9.357
19,46C
Preyiously rep'dt35 rd's)
Alabama Gt. Southern..
6,730.800
536,459
455,869
Decreate.
$
79.006
1,585
6.259
2,181
1,021
[YOL, L.XXX.
— Gross Earnings. —
Net Earnings.'—^
Current
Previous
Current
Year.
Roads.
Cent, of Georgla.a.NoT.
July 1 to Nov. 30.
Cent.of N. Jersey.b.Nov.
July 1 to Nov. 30
Previous
Year.
rear.
$
983.021
$
853.765
$
282,083
4,487,537 8,996,105
1,840,004 1,801,074
9,483,586 9,384,785
Ohatf n'ga South.aNov.
10,416
9,853
July 1 to Nov. 30....
58,109
46,227
Chesap. ft Ohio. b.. Nov. 1,719,680 1,666,623
July 1 to Nov. 30
8,737,322 8,070,634
Chicago ft Alton. a.Nov. 1,154,332
934.376
July 1 to Nov. 3u
5,863,478 5,129,211
Ohio. Gt. Weet'n -b.Nov.
707,421
776,303
July 1 to Nov. 3o .. 3.838,752 3,776,694
Ghlo.Ind.ftLonlB.a Nov.
468.857
434,501
July 1 to Nov. ao
2.466.755 2,424.103
Ohio. M. ft St. P.a..Nov. 4,524.521 4,440,775
July 1 to Nov. so.... 22,437,532 22,036,650
Chlo.Ter.Transf.b.Nov.
137,865
141,688
July 1 to Nov. 30
664,780
711,056
Oln. New Orl. A Tex. Pac— See under Sonthem
01.Oln,Chl. ft St.L.bNov. 1,892,846
July 1 to Not. 30.. ..10,135,894
PeorlaftEas'n..b.NOT.
253,998
July 1 to Not. 30.... 1,258,118
Oolor'do&South.b.NoT.
580.590
July 1 to Nov. SO.... 2,653,828
Colum.Newb.ft L.b.NoT.
21,115
July 1 to Not. 30....
95,916
Copper Bange.a ..Not.
44,514
July 1 to Not. 30...
367,133
Oornwall.a
Not.
3,259
July 1 to Nov. 30....
24,094
Cornwall ft Leban.. Not.
21,788
100,915
July 1 to Not. 30
Den.ftBloG'de.b...NoT. 1,580,406
July 1 to Not. 30.... 7,534,399
Detroit ft Maok'c.aNoT.
81,147
July Ito Not. 30....
409,779
Dul. So. Sh.ftAtl. b.Nov.
210,944
July 1 to Nov. 30.... 1,154,389
Brle.a
Nov. 4,002,222
Palrchlld ft N. BastNov.
July 1 to Nov. 30....
4.235
15,235
7,957
40,882
3,013
12,633
6,580
33,519
Farmv.ftPowh'n.a.NoT.
July 1 to Not. 30....
Fonda Johnst. & QlOT.b.—
July 1 to Not. 30....
298,666
BTi.W.ftDen.Clty.bNoT.
356,723
287,136
July 1 to Not. 30.... 1,099,159 1,272,942
Georgia RR.a
Not.
234,358
216,041
Year.
231,789
864,083
919,921
898,287
4,656,225 4,305,933
def.118
2,448
10,983
659
518,308
623,693
8,330,269 2,862,378
404,999
270,318
2.186,995 1,694,264
243,887
220,916
1,112,481 1,111,495
177,388
152,386
991.595
998.912
1,830,834 1,823,160
8,816,167 8,547,726
50,352
50,724
242,348
387,397
Ry. System below.
319,691
416,766
3,062,575 2,639,048
48,909
78,431
310,884
335,826
d 169,054 d 120,315
d 794,098 d 807,051
2,142
5,980
32,933
23,008
12,095
16,157
111,352
118,732
617
16
12,402
6,816
8,781
6,348
38.420
65,748
503,700
689,311
3,201,326 3,032,774
28,042
23,374
184,455
131,222
44.677
61,559
409,002
397,604
842,451
1,179,293
6,412.611 6,099,325
1,376,062
1.309
1,439
1,280
3,352
1,646
1,238
def.604
def.3,748
151,115
62,983
312,333
84,154
351,984
92,341
478,062
75,749
211,800
July 1 to Not. 30,. .. 1,081,586 1,038,498
Georgia South. & Florida— See under Southern Ry. System below.
elO,587
Gila VaLGlobe&N . Oct
67,437
85,843
e22,471
768,907
750,414
Gr. Trunk of {^an. Not. 2,447,849 2,337,866
July 1 to Not 30... 12,708,864 12,793,054 4,188,596 4,167,183
483,248
110,470
Gr. Trunk West... Nov.
488,596
87,597
254,518
283,717
July Ito Nov. 30..., 2,161,212 3,437,143
112,903
15,673
DetGr. H. & Mil. Nov.
98,303
34,066
650,650
194,174
682,033
156,702
July Ito Nov. 30...
161,781
153,217
42,804
58,777
Gulf ft Ship Isl'd. a.Nov.
790.719
196,176
814,484
781,679
July 1 to Not. 30....
159,697
540,760
181,375
aooklng Valley. a.NoT.
488.661
July 1 to Not. 30.... 2,824,705 2,771,041 1,115,813 1,047,898
4,439,660 4,071.630 1,595,638 1.353,476
Illinois Central.. .a.NoT.
Jaly 1 to Not. 3o... 21,377,499 20.226,232 7,157,152 5,234,411
26,615
150,289
129,854
37,586
md. 111. ft Iowa.a..N«T.
202,416
124,601
694,780
644,035
July Ito Not. 30....
Interooeanlo RallwaT of
161,772
Nov.
114,524
Mexico
498,889
485,990
5,654,576 4,989,520 1,242,769 1,129,563
Jan. 1 to Nov. 3o
198,321
r40,176
r36,279
226,037
Iowa Central. a... Nov.
July 1 to Nov. 3i> .. 1,103,639 1,025,297 rl69,661 r222,402
26,8P5
151,043
25,137
CanawhaftMioh.a Nov.
152,880
109,999
129,154
7tJ7,343
747,191
July 1 to Nov. 30
187,388
619,759
216,278
680,433
Kan. City South. a.. Nov.
814,928
689,704
July 1 to Nov. 30.... 2,766,833 2,683,884
Lehigh Valley RR.bNov. 2,746,097 2,259,622 81,189,388 8711,921
July 1 to Nov. 30.... 13,220,295 13,004,314 85,667,2*1 85,230,147
10,763
1,105
43,326
Lexlng'n ft East. b.. Not.
87,204
248,676
55.633
51,337
195.108
July 1 to Not. 3o
Inc.
40,465
Ice.
56,277
Not.
Long Islandb
Inc. 212,317
Inc. 161,633
July 1 to Not. 3u....
52,088
34.950
9,510
Lonls'naft Arkan.aNoT
77,249
136,176
57,355
341,141
264,849
July 1 to Not. 30
.
Total (44 roads)
Net Increase (6'77
...
p.o.)..
.
80,590
Met Earnings Monthly to Latest Dates.— The following
shows the gross and net earnings to latest dates of all Steam
railroads furnishing monthly statements. The compilation
includes every road from which we can get returns of this
character, and in that form is given once a month. Early
returns are published from week to week, as soon as issued,
but for the convenience of our readers all the roads making
returns are brought together here in the week in which we
publish our monthly article on net earnings say about the
20th of the month.
—
,
— Gross Earnings. —
•
Current
Year.
Roads.
Previous
Year.
,
,
Net Earnings.
Current
Pi'evious
Year
Year.
.
$
$
$
$
Alabama Great Southern—See under Southern By. System below.
Allegheny Valley.. Nov.
Jan. 1 to Not. SO
Ann Arbor. b
Not.
35.738
Inc.
51,236
Deo. 602,656
Dec. 7i3.247
171,964
76,576
178.101
80,811
July 1 to Nov. 30....
888,954
887,719
282,985
286,944
AtCh.T.&8. Fe.b. Nov 6,487,014 6,348,388 t2,699,557 t2,769,103
July 1 to Nov. S0....28.379,905 29,776,553 tl0339,839tl2379,061
Atl'taftOhar.A.Ii.aOot.
323,390
288,890
122,722
101,243
July 1 to Oct. 31.... 1,253,098 1,122,475
412,748
407,982
Atlantic ft Blr.RR.aNoT.
81,001
56,870
22,551
9,941
July 1 to Nov. 30....
419,350
276,407
135,659
91,205
Atlant Coast L.a.. Nov. 1,947,871 1,739,300
791,047
750.074
July 1 to Nov. 30... 8.623,302 7,804,720 2,969,688 2,808,850
Baltimore ft Annapolis
Short Llne.a
Oct
15,708
13,232
8.953
4,223
July 1 to Oct 31
67,276
64,493
19,000
17,978
Bait, ft Ohio Co. b. Dec. 6,412,269 6,189,279 1,663.691 1,563,078
July 1 to Deo. 31
34,544,783 84,41&,65l 12,900,107 12,728,446
BangorftAroost'kbNov.
174,108
142,252
62,864
54,975
July 1 to Nov. 3o....
902,082
349,596
834,247
847,057
BellefonteCent..b Dec.
6,515
6.682
2,254
1,856
Jan. 1 to Deo. 31....
57,276
74,072
17,843
29,646
BrldgtftSaooR.b.Nov.
4,644
1,231
3,867
1,346
22,835
July 1 to Nov. 30.
20,848
8,881
8,438
BaO. R. ftPlttbs.b.NOT.
693,962
643,772
307,201
269,262
July 1 to Nov. 30.... 3,563,406 8,630,989 1,498,603 1,638,476
BaflaloA8'sqD(>ta.a.Nov.
101,082
90,068
28,821
84,768
July 1 to Nov. 30....
479,678
438,437
172.700
160,201
OallfomlaftN. W.aDec.
106,861
113,165
20,880
24,026
July 1 to Deo. 31...,
877,355
825,841
376,080
232,465
410,600
Canadian Northern. Nov.
838,300
166,400
123,700
July 1 to Nov. 3o.... 1,714,100 1,448,800
587,800
502.300
Canadian Paclllc.a Nov. 4,751,970 4,142,909 1,669,675 1,477,981
July 1 to Nov. 30.... 22,589,880 20,641,678 7,482,079 7,086,904
.
Inc.
LoulsT. ft Nasii V b.Deo. 3,290,000 3,186,466 1,125,000
July 1 to Deo. 31 ...19,470,581 18,863,230 6,549,048
494
4,282
6,802
Manistee ft Gr. Rap. Not.
2,451
37,832
34,187
July 1 to Not. &o...,
9,928
25,039
No. E.a.NoT.
26,856
Manistee
160,278
341,513
381,576
Jan. 1 to Not. 3o....
5,819 def.1,529
Dec.
4,627
Mtanlstlque.b
18,523
70,007
83,412
Jan. 1 to Dec. 31....
5,314
22,118
23,372
Maryland A Penr.. Dec.
83,406
272,354
273,197
Mar. 1 to Deo. 31....
597,726
Not. 2,010,009 2,048,999
o Mexican Cent
July 1 to Not. 3o... 10,256,375 10,351,686 3,011,859
238.919
605,029
566,874
c Mex. Intern»t'l...Nov,
Jan. 1 to Nov. Su.-.. 6,311,873 6,494,465 2,614,437
4,646
3,393
Mlllen&80uthw.a..Nov.
6,527
22,278
8,398
34,542
July 1 to Nov. 30....
46,588
20,074
59,992
Mineral Range. b... Nov.
243,435
94,429
294,311
July Ito Nov. 30...
.
A
268,072
261,047
Mlnn.&Bt.Lonle.a.Nov.
July Ito Not. 30.... 1,345,466 1,338,376
770,391
942,186
M. Bt.P.ftS. 8. M.b.NOT.
Vl02,835
v644,589
558,987
3,602,836
2,101,314
July 1 to Nov. 30..., 3,903,935
1,099,471
6,034,909
def.1,490
def.8,486
9,907
143,567
def. 1,369
def.567
4,151
85,931
531,547
2,825,774
274,772
3,609,469
1,034
8,317
2,216
36,464
vl 10,809
v560,691
445,723
1,900,738
653,170
667,678
Mo.Kan.ftTexas.a.Nov. 2,065,317 1,733,958
July Ito Nov. 80.... 9,264,684 8,093,618 8,023,006 2,406,466
—
THE CHRONICLE.
Jan. 21, 1905.
— Gross Earnings. —
,
•
Net
Earnmgs.
Cw'rent
Current
Previous
Year.
Roads.
Previous
Year.
Year.
Year.
$
$
$
$
Mo. Pao.Syetem.b- Not. 3,823,073 3,619.929 1,420,026
861,309
Jan. 1 to Nov. 30....39.941.4i55 39,403,416 11,916,157 12,368,885
Mobile & Ohio— See under Sonthern By. System oelow.
872,349
813,080
206,097
Waah. Ch.di8t.li.b..Nov.
205,014
July 1 to Nov. 30.... 4,827,191 4,167,899 1,228,651 1,138,603
elfat'lBR.ofMex..Nov.
904,692
866,505
308,644
254,148
Jan. 1 to Nov. S0....10,471,870 10.277,128 3,391.951 8,339,181
Nev.-Oal.-Oregon aNov.
17,852
16,842
7,922
6,233
July 1 to Nov. 30....
109,344
98,038
54,118
45,316
Nevada Central.. .Nov.
8,932
3,397
2,384
1,204
July 1 to Nov. 30....
13,797
17,031
4,207
3,725
N. Y.Ont.A West.aNov.
878,842
838,883
168,621
115,679
July 1 to Nov. 30.... 3,114,945 2,999,254 1,043,906
798,648
BT.Y. Bus. AWest.aNov.
253,588
200.656
110,564
83,465
July 1 to Nov. 30.... 1,074,520 1,040,659
389,294
396,018
Norfolk* West'n.b.Nov. 1,984,253 1,771,601
773,102
683,421
July 1 to Nov. 30..., 9,814,227 9,857,176 4,046,163 3,977,948
Northern Central bNov.
894,837
884,837
208,961
194,161
Jan. 1 to Nov. 30.... 9,462,908 9,486,108 2,334,139 2,195,339
Ohio Blver & West Nov.
16,773
15,817
S.566
3,682
July 1 to Nov. 30.„..
98,375
93,687
22,765
23,696
Pacific Uoast Company -See Miscellaneoas Companies.
PennBylvania—
Lines dlrectlyoperated
JEastofPitts.&E Nov. 10,453,525 9,799,925 3,351.062 3,023.482
jJan. 1 to Nov. 30... 108047519 113398219 38,782,116 36,646.815
Westof Pitts. AE.Nov.
Inc.
669,600
Inc.
622,800
Jan. 1 to Nov. 30....
Dec. 1,505,400
Phil. Bait. AWasIi.bNov.
1,162,159 1,140,059
Jan. 1 to Nov. 30. ...12,501,346 12,523,646
540,200
365,849
338,349
Inc.
3,680,871 3,778,071
Pliila.A Brle.b... Nov.
701,188
620,166
108,807
162,536
Jan. 1 to Nov. 30... 7,095,703 7,215,330 2,361,128 2,299,900
Pitts. C.C.&8t.L.aNov. 2,067,205 1,979,728
447,018
364,180
Jan. 1 to Nov. 30.. ..21,987.711 22.727,664 8,693.474 5,679,504
Raleigh Ad. Fear. aNov.
5,086
4,347
2,602
1.760
July 1 to Nov. 30...
21.007
20,082
8.591
9,461
Beading
Company—
Phila.&Bead'sr.b.NoT. 3.186,858 2,789,210
July 1 to Nov. So. ...14.969,668 14,876,487
Coal A Iron Co. b. Nov. 8,891.226 2.395,068
July 1 to Nov. 30... 13,205,561 12,814,156
Total both Co.'s.bNov. 8,527,084 5,164,278
July 1 to Nov. 30.... 28,178,224 27,690,593
Beading Co. b..,. Nov
July 1 to Nov. 80
Total all Co.'s.b.. Nov
July 1 to Nov. 30
Blch. Fred. & Pot. Nov.
115.278
108,618
July 1 to Nov. 30
575,376
668,249
Bio Grande Junot.- Oct.
61,379
56,143
Deo. 1 to Got. 3i....
814.786
542,741
BiOQrandeSonth.fcNov.
48,118
88,016
July 1 to Nov. 30....
202,186
202,051
Bock Island Syai.a.Nov. 4,132.406 3,911,772
July 1 to Nov. 30.. ..19,499,912 21,086,343
,,
Rutland
1 to Dec. 31....
628,494
July 1 to Deo. 31.... 1,349,228
Job. & Gd. Isl.b.Nov.
99.413
July 1 to Nov. 30.,,.
588,260
St. L.
166,640
f 16,843
f 162,822
12,813
88,108
1,179,867
6,767,308
219,747
523,636
14.695
138.706
214,610
496,978
4.509
104,994
1,057,002
5,883,994
158,489
1,182,888
1,215,491
7,066.882
118.770
591,466
1.334,261
7,858,348
29,597
BR.—
Oct
St.
1,681,670
7,114,253
317.841
878,674
1,999,511
7,992,927
120.072
8S0,814
2,119,583
8,583,741
32,078
168,801
f 18.414
f 164.436
27.787
98,005
1,361,914
6,636,826
& 8an
Fr. (inolnd.
620,266
1,329,489
95,100
883,066
217
c These figures are in Mexican currency, and are convertible into
gold at the current rate of exchange.
d Net. after deducting taxes is $149,177 and 898,938 for 1904
and 1903 respectively for November and $694,712 and $693,334
for period from July 1 to Nov. 30.
e Expenditures for betterments are included In operating expenses.
f Thirty per cent of gross earnings.
A Texas Central and its subsidiary lines are included.
These figures include results on the Buffalo A Allegheny Valley
Division In both years.
r For November additional income is $4,305 this year, against
$10,579 last year. Prom July 1 to Nov. 30 additional Income is
1
Houston
J
$25,590 this year, against $31,261 last year.
« Including other Inoome, total income (exclusive of results of coal
companies) for Nov. is $1,230,067 in 1904, against $775,895 in 1903,
and for period from July 1 to Nov. 30 is $5,957,175 in 1904, against
$5,451,637 in 1903. Deductions from total inoome for additions and
improvements were $220,838 in November, 1904, against $57,668 in
1903. and from July 1 to November 30 were $684,625 in 1904. against
$288,333 in 1903.
V For November additional inoome is $7,207 this year, against
$8,147 last year. From July 1 to Nov. 30 additional inoome is
$49,697 this year against $60,183 last year.
X Includes $404 "other inoome" for November this year, against
$388 last year and for period July 1 to Nov. 30 $1,960 this year,
against $2,183 last year.
t For November, 1904, taxes and rentals amounted to $177,720
against $186,210, after deducting which net for November, 1904,
was $2,521,837, against $3,582,893. From July 1 to Nov. 80, 1904,
net after deducting taxes and rentals is $9,397,152 this year, against
$11,478,937 last year.
Interest Chaises and Surplns.—The following roads, in
addition to their gross and net earnings given in the foregoing, also report charges for interest, &c., with the surplus
above or deficit below these charges.
Int., Rentals, etc.
^Bal. of Net Earn'gs.^
—
.
.
Current
Ann Arbor
July 1 to Nov. 30....
Atlantic A Birm
Nov.
July 1 to Nov. 30....
Bangor A Arooat'k.Nov.
July 1 to Nov. 30....
Bellefonte Central Deo.
Jan. 1 to Deo. 3i
Previous
Tear.
Tear.
Tear.
$
Nov.
Current
Tear.
Boads.
Previous
$
$
26,851
185.007
14,566
72.833
48,661
234,483
29.006
182,879
6,083
30,416
48.205
235.967
305
$
433
*50,542
*181,563
7,985
62,826
13,803
*B2,081
*138,039
3,868
60.789
6.770
116.113
98.280
1,949
1.423
3.660
8,196
13,683
24,450
Bridgt. A Saoo Biv.Nov.
543
507
688
838
July 1 to Nov. 30...,
2,716
2.583
6,666
5,905
Buffalo A8'8queh..Nov.
17.899
12,287
*26,309
*32,635
July 1 to Nov. 30
92,884
*153.849 *147,949
61.806
California A N. W..Deo.
27,047
28.011
def. 6.167
def. 1,985
July 1 to Deo. 31
162,285
186.070
112.805
76.395
Cent, of N. Jersey.. Nov.
11587,131 _J617,814
352,790
280,473
July 1 to Nov. 30....ir2,993,488ir2,e07.182 1.662.792 1,698,741
Olev.Oin.Ch.&St.LNov.
824,214
318,813
92,562
878
July 1 to Nov. 30.... 1,580,936 1,847,439 1,481.889
991,609
Peoria A East.... Nov.
44,592
44.579
33,839
4,330
July 1 to Nov. 30 ...
232,900
222,888
112,926
87,996
Copper Range
Nov.
8,438
8.433
7,719
3.657
July 1 to Nov. 30....
42,187
34.500
76,545
76,852
Cornwall A Leban.. Nov.
4,034
4,095
4.747
2.253
July 1 to Nov. 30....
20,083
20,351
18.337
35.397
Den. A R.Grand©. Nov.
347,765
331,132
tl80,126
t344.036
July 1 to Nov. 3o „. 1,730,425 1.665,808 tl.533.360 tl,437,611
Dul. So.Sh. A Atl...Nov.
89,141
88.644 *df.26.628 *df.43,392
July 1 to Nov. 30....
445,708
448,241 *df.48,806 *df.30,661
Fonda Johns. & Qlov. July 1 to Nov. 30...,
120.969
*60,242
Georgia BB
Nov.
*30,190
*24.369
a54,767
a51,380
July 1 to Nov. 30.... a262,499 a357,499
*94,132
*86.918
OultAShiplBl
*18.8.'i8
*39.918
Nov.
24,504
19,878
July 1 to Not. 30....
*77.207
*222,226
122.017
97,194
Hooking Valley.... Nov.
*123,845
'96,787
71.676
76,204
July 1 to Nov. 3U....
*824,805
'725,904
866.741
388,178
Cndlanalll.A la.. Nov.
22,914
14,462
23,124
8.701
July 1 to Nov. 30...,
118.619
114,369
83,796
10,232
Kanawha A Mloh... Nov
*7,534
*4,983
19,933
20,682
July 1 to Nov. 30....
*12,627
*39.221
100,358
102,860
Louisl'naA Arhan.Nov.
*26,810
*1,071
10,204
11,350
July 1 to Nov. 30...,
*93,101
*18,622
46,349
56,750
Maryland A Penn.. Deo.
3,875
1,439
1,276
3,875
Mar. 1 to Dec. 31...
47,187
36,249
31,749
81,182
Mineral Range
*10.777 *df.7,377
9.697
Nov.
9.447
*47,762 *df.l2,318
July 1 to Nov. 30....
49.058
47,233
Mo. Kan. A Texas.. Nov.
305.626
222,893
330,277
351,952
July ItO Nov. 30 ... 1,768,606 1,627,380 1.264.100
779,086
Sashv. Ohat.&St.L.Nov.
56.463
149.581
55,695
160,602
July 1 to Nov. 30..-.
748,707
476.139
389.896
762,612
Nev.-Cal..Oregon...Nov.
2.192
5,759
2,163
4,041
July 1 to Nov. 30....
10,959
43,305
34,386
10,813
N.Y.Ont.AWe8t,...Nov.
105.224
91.400
g24,279
g83,397
512,729
July 1 to Nov. 30.... g304,125 g288,919
739,781
Norfolk A West'n.... Nov.
415.630
267,891
457,705
315,397
July 1 to Nov. 30.... 1,494,983 1,321,128 2,851,170 2,666,820
AE.Iin.a.. Nov. 3,610,405 3,090,720 1,289,C85
991,175
July 1 to Nov. 3<>.... 17,184,400 15,728,488 6,445,504 5,451,802
St.Loui8 8'-we8t.b. Nov.
846,772
771,413
289,204
276,402
July 1 to Nov. 3o.... 8,878,456 3,296,077 1,378,720 1,096,042
Seaboard Air LlnesNov. 1,164.816 1.067,121
373.368
292,993
July 1 to Nov. 30.... 5,463,521 5.056,557 1,632,489 1,272,908
Southern Indian a. bNov.
128,570
120,280
60,518
56,960
July 1 to Nov. 3o....
609.065
665,212
275,136
276,910
ISouth. Pac.Co.a. Nov. 9,071.428 8,416,988 3,380,456 3,168,435
July 1 to Nov. 30. ...41,056.783 41.234,683 14,318,763 13,866,250
Southern Railway Syst.—
Southern Ball w. a Nov. 4,208,706 3,746,767 1.274,873 1.061,610
July 1 to Nov. 3o.... 20.690,318 19,133,018 6,331,140 5,730.701
Mobile & Ohio. a.. Nov.
758,947
682,291
287,658
238,857
July 1 to Nov. 30.
3,509,989 3,260,388 1.196,110 1,046,408
Cin.N.O.&T P.a.Nov.
636.514
535,590
133.648
116.277
July 1 to Nov. 30.... 8,116,201 2,900.332
718,244
640,964
Ala. Gt. South a.. Nov.
397,933
255,401
55,0a7
54,346
July 1 to Nov. 30.... 1,368,948 1,291,645
258,981
308,461
Qa, Sonth.&Fla.aNov.
146,442
141,941
38.612
37,195
jmy 1 to Nov. 30.... 720,574
704.248
184,019
172,468
reiae Central, a.... Nov.
102,278
104,152
50,681
46,696
July 1 to Nov. 30....
331,022
374,362
186,484
94.981
Toledo A O.Cent.a. Nov.
374,753
314,369
78,778
118.920
July 1 to Nov. 30 ... 1.868,298 1.705,824
696,664
470,952
Tol.PeorlaAWe8t.bDeo.
127,326
105.636
39,671
20,978
July 1 to Dec. 31....
689,332
656,387
146,600
150,559
UnlonPac. 8y8t.a..Nov. 6,719,798 6,052.789 2,695,951 2,404,351
July 1 to Nov. 3o.... 26,551,122 25,035,018 12,769.077 11,755.592
Virginia A So'thw.bDec.
50,740
41,665
24,881
12,173
July 1 to Deo. 31...
298,643
841,491
115,763
101,177
Wabash. b
Nov. 2,057,812 1,818,075
27.">.384
310,292 Beading—
448,997
July 1 to Nov. 30. ...11.773,575 10,385,637 2,891,446 2,902,063
&llcoiapanle8...Nov.
865,500
885,264 1,264.083
July 1 to Nov. 30.... 4,327,500 4,426,820 4,256,241 3,232,028
W.Jersey ASeash.lNov.
242,563
244,963 def. 5,790 def.l 1,690
9,185
Jan. 1 to Nov. 30.... 4,063,084 4,016,584 1,071.505
10,081
7,708
8,333
979,905 SioGrandeJunet.Oct.
78,030
65,269
Dec 1 to Oct 31..,.
84,792
79,167
Wheel. AL. Erie. b. Nov.
390,956
357,764
98,470
61,624
*9.924 *def.6,320
July 1 to Nov. 30.. ., 1.964,505 2,008,018
17,833
616,3C6 aioGrande South. Nov.
17,833
440,798
*84
-9,840
91,241
July 1 to Nov. 30....
91,190
Wmsp'rtANo.Br.oNov.
737
13,419
11,522
4,171
July 1 to Nov. 3o....
77,284
77,938
23,318
19,714 Rutland RR.—
*54.6£0
*B0,776
Oct 1 to Deo. 31.... 8176,999 sl76,5C6
Wisconsin Cent'l.b Nov.
684,161
496,798
156,541
204,998
*164.068
*191.190
July 1 to Deo. 31.... »354,377 b356,797
July 1 to Nov. 30.... 2,999.441 2,943,615 1.143,866 1,066.511
20,337 def.6,177 def.16,828
20,872
WrightSV.ATenn.bNov.
xl8,220
6,040 8t. Jos. AGr. l8l'd..Nov.
xl7,052
7,045
7,252
29,684
97,742
July 1 to Nov. 30....
109,042
July 1 to Nov. 30.... X88.077
17,731
x73,648
31,356
*60,340
-124,519
232,743
Seaboard Air Line.. Nov.
250,675
Yazoo A Miss. Val.a Nov.
999.717
312,847
805,273
432,318
-400,953
-124,906
July 1 to Nov. 30
1,216,414 1.166,901
July 1 to Nov. 30.
3,600,145 3,182,496 1,047,480
630,723
48.098
44,112
2,583
2,883
Texas Central
Nov.
123.638
82,065
12.916
12,916
July 1 to Nov. 30....
a Net earnings here given are after deducting taxes.
-81,448
-47.643
37,997
Toledo A Ohio C«-n. Nov.
87,688
-436,873
-320,162
b Net earnings here given are before deducting taxes.
198.444
189,034
July 1 to Nov. 30....
Chic.
THE CHRONICLE.
218
— Int., Rentals,
etc.
—
-Bal. of Net Earn'gs.—.
Current
Tol. Peo.
Tear.
Year.
Tear.
$
Latest Qrota Sarning*-
OROBS
Previous
$
West. ..Deo.
<b
Current
Tear.
Foads.
Previous
[YCL. LXXX.
$
32.007
147,087
22,942
138,210
2,708
13.852
2,744
13.890
144.520
730,888
144,292
728,729
SAKNINOS.
def. 1.964
7,664
3,471
1,463
9.466
*62,550
*427,812
Houghton Co. 0t. By November
Houston Eleo. St. Ry November
Illinois Traotion Co,
December.
Indlanap. &Er»st, Ry December.
After allowing for other Income received,
t These tlgnres are after allowing for other Income andf ordlsoonnt
and exchange. The sum of $10,000 Is deducted every month from
surplus and placed to credit of Renewal Fund,
m Included In the fixed eharges In this fiscal year are expenditures
for renewals, additions and Improvements amounting to $168,260 for
November, and to $858,542 for period July 1 to Nov 30 For the
previous year exppndltares for this aooouut were $315,990 la November, this belDi? also the total for the five months to Nov. 30, 1903.
a Charges here Include road-rental (paid by lessees) and other
dedaotlouB.
s These are net charges after allowing for other Income received,
8 Ir eludes also Blnklcg fund charges.
WmBBort <k
Jnly I to Nov. no....
Wisconsin Central.. Nov.
Jnly 1 to Nov. 30...
*
Misoellaneoas Companies.
— Cross EuDiings. —
Previous
Current
,
Dea
Oct. 1 to
$
$
42.692
108,231
Buhalo Oas Co.... Deo.
31
Cumberland Telephone*
Telegraph C"
Dec
36.812
96,389
372,765
314,418
Deo. 31..— 3,058,469
Edison Blec, Iltam, Co, of
Brockton, Mass. .Nov.
13,293
Jan. 1 to Nov, 30
107,305
2,656,431
164,168
1,182,796
128,961
1,050,142
10,617
93,552
5,232
45,473
4,982
29,080
30,761
142,824
9,590
48,794
12.097
58,834
(HoDghton, Mioh.)Nov.
21,560
19,067
Lowell Electric Light
Corporation
Nov,
23,748
21,233
93,783
99,090
July 1 to Nov. SO
Mexican Tel'phone Oct
24,931
22.923
Mar. 1 to Oct. 3i....
196,933
181,872
Mllwank. Gas L. Co. Dec,
Jan. 1 to Dec. 31
Minneapolis Gen. ElecNov.
65,109
54,240
tric Co...
268,409
233,067
July 1 to Nov. 30 ...
489,029
450,017
Pacltto Coast oo.a.Nov.
July 1 to Nov. 30.... 2.821,834 2,666,543
Pocahontas Coll 1 e r 1 e s
Company
Nov.
Jan, 1 to Nov, 30 ...
12,160
10,981
11.697
44,234
10,695
87,658
74,162
762,166
9,127
36,7-! 3
10,679
Apr.
1 to
Works
Elver Gas
Fall
Co
Nov.
July 1 to Nov. 30
Hougtton County
27,911
134,166
16,692
42.983
96.990
17,474
15.094
30.736
85 0616,141
December.
8,447
7,429
November
30,163
E'. Lt.
89,»09
69.906
665,101
26.215
106,743
90,035
556,521
34.219
129.250
105.794
610,874
15,027
195.905
ville Rapid Tran..
Indianapolis ANorth
western Traction..
Intarnat'l Tract, Co
— Int., Rentals, etc. —
-Bal. of Net Earn'gs.~,
Previous
Current
Previous
Tear.
Tear.
Tea}\
Tear.
24,880
137,762
104,081
1.357
10,622
4,474
35,185
3.625
18,458
95
376
9,274
42,413
12,002
58,458
2,238
9.973
8.743
1,494
6,128
10,581
38,569
LoT>don8t, Ry.(CBn.) October
146 306
18,64* 18.790
150.754
Mad. <WlB.) Traction December.
99,92^
7.911
7,636
91,536
Met, West Side Elev.. December. 186,911 187.075 2.082,164 2.0i=.9,036
:vill.Elec Ry.ALt.Oo Novemi^>er •274,04<i a.57,816 2.917.7bz 2,756.330
MU.Lt.Heat&Tr,Co November 86,534 33,561 423,711 390,316
Hontrea) Street Ry. November :J04,554 189,561 2,306,22- 2,087,304
.
26,406
Edison Elec. Ilium, Go. of
Brockton, Mass. .Nov.
768
Jul 1 to Nov, 30 .„.
10.288
Fall River Gas Works
316
Co.
Nov.
July 1 to Nov. 30
1,381
Hooghton County El Lt.
(HoDgbtOD, Mloh )Nov.
2,187
Lowell Electric Light
1.116
Corporation
Nov,
Jnly 1 to Nov. 3o ...
5,665
Minneapolis Gen. Eleotrlo Co
Nov.
9,197
46,721
July 1 to Nov, bo ...
Pocahontas Collieries
Company
dl6.021
Nov,
JaaL 1 to Nov. 30.... dl70 324
Ft.
Wayne
November
191,417
184,075
563,302
50,633 48,936 604.1 '8
Sor.UhloTr.ALt.Oo December. 76,816 71,653 895,731 88?,276
46'.,394
Northern Texas Trao. December. 55,16? 42,17<
664,7 1<
Northwestern Elev. December. 121,307 il8,''0 1,288,336 1,246,663
Oakland Trans. Con? November 109,06.'i 100,86b
8.2.'^0
Jiean St. Rallw ay
ld8',056
93,522
December.
8.437
Orange Co. Traction December.
7.06ft
117,414
8.207
109,247
Peeks. VrgifeRR. Co. October ...
9.65e
92 85
P rttsv. Union Tract November 16,02(> 'l6'251 187.691 180,272
Rye Co.Gon.— Roads December. 25,894 31,237 337,717 311.307
Light Co's..
23.135
25,177
December.
2,561
1,877
Sochester Rallwav
December. 141,240 118,389 .493,098 1.277,788
Roch. A East. Rap. Ry December. 17,148
d 127,909
Rockford Beloit A
JanesvlUe
8.75E
130,074
December.
7,866
137,562
, .
.
.
1
Joseph (Mo.)Ry
Lt.HeatA Pow. Co November
Sao Paulo (Brazil!
Tram. L't A Po. Co. Wk Deo.25
lavannah Eleot, Go November
9cranton Rallwav.. December.
3t.
25.022
82,529
9,982
48,518
16,253
58,225
Qrott Sarninni
tear
Tear.
A Hudson ... November
Cent. Penn. Tract
Fear.
fear.
If
•November
Noveaiber
1,156
70,09?
36,571
49,308
68,s87
26.b73
December.
165,92^-
•Jeattle Electric Co.
south Side Elevatfcd
Wk
'prlngfl'd A Xenla Tr
S rraouse Rap.Tr. Ry
Camna
Electric Co.
ferre Hte.Tr, ALt,Co
T'lledo Rys. A Llghr,
Toledo A Western,,.
November
rjfonto Railway ....
T^'v mtyBap. Tr&v
Un'd Rys.of St, Louis
inlted of San Fran
Wash. Alex.& Mt. V.
Wk
5,79-
November t05,428
November 88.679
5,5»t
78 128
;49,410 3,647,58
477.99"
38,705
24,08,')
4e4.65.'5
73,44-
800.67:^
38.«6t-
39.t)9'
83.287
80.807
459,01
928.177
(Mnacatlue, Iowa).. December.
01evb.<Si8o.W,Xr.(;o.. Dect^mber
December.
Olevo. Palnsv. A E.
Detroit United Rv..ii 2d wk. J.*n
11,482
37,o71
17,098
76,02
83.418
I6,6z0
69,501
wk Jan
10,8f>4
10.6»-
Kn»tat. LoulsA. 8nb. November
129.821
Oltlzdus' Ry.
A
Ft.
Wayne A
f<
471.16W
292.247
811 3B8
477 848
905.073
LlKlii
Dulaiu Street Ky
Elgin Aurora
December
November
November
75,138
2d
110,524
475,860
225,761
15 ^..^92
98,827
445,168
V04 6 3
20.«3
953,7100
ae,880
21,0394,677 1,248.148
34,61t
415.423
71.884
68,03;
I8,'.77
....
<
A Soa. Novemoer
9,321
18867
4i/,787
'V abash
b October ...
November
Havana Elec. Ry.Co Wk.Jttu it
Houololn Rapid Tr
November
A Land Co
Valley Traction
Qi-aty Street Ry
.
1
1,11V
19,649
32.544 (28,814
{65',419
27,707
298.73'
22,904
517.3?>''
51.49
752 W33
203 29«
15,8 1.''
Jan.l4
45,2''?
I
277 565
428,724
603,794
•'».'>
20,17*
89.109
18,963
247,05
879,208
230.918
Spanish silver.
These ara reanlta for propflrties owned
b These are the combined earnings of all the constituent oompanles.
d Figures here are from July 1.
n Tbese earnings Include the Detroit United Ry,, Detroit A Foit
^nron Shore Line and the Sandwlob Windsor A A-mheratbarg Ry.
V These figures are for period from June 1 to Nov, 30.
•itreet ttalitvay LMet tSaroinifS.— The following table gives
the returns of Btbbet railway gross and Det earnlnge received
t
i
week. The last general snmmary which we fnrnlsh once
month, and in which we bring together all the roads from
which monthly returns can be procured, was given Dec.
31, the next will be given Jan. 28.
this
a
—
Earnings.
Current
Previous
Year,
Tear
$
Alb'nyAHud.RR.aNov.
Jan. 1 to Nov. 30
July 1 to Dec. 31
Bln«a»iiit,on Ky.b..Dec.
Jan. 1 to Dec. 3i....
1 to Deo, m....
ct.
Clev. raiQesv.A E.,.Dec.
Jan, 1 to Dec. 31
23.525
269,623
7,748
62,431
20,946
261.331
58,811
17,093
225,761
Dleveland A Southwest'n
37,071
Dec.
Traction Co
475,860
Jan- 1 to Dec, 31....
Detroit United Ry.n (all
Deo,
387.868
properties).*
Jan. 1 to Dec. 31.... 4,541,805
Illinois
Jan.
1
Tr«o Co.Dec
.
to Dec. 3i
Ind'p'llsAEast. Ry.Dec,
Jan. 1 to
Dea
31
Jan. 1 to Dec. 3l
New York & Long Island
Traction Co. h—
Oct. I to Dec. 31
July 1 to Deo. 31....
Norfolk Ry. & Lt.b.Nov.
Jan, 1 to Nov. ao....
^orth.Ohlo Trao.* Ll^hl
...Dec,
Oo.a
Jan. 1 to Dec 31
North. Tex. Tract. b Dec
Jan. 1 to Deo. 31 ...
Clean St. Ry. Co... Doc.
Jan. 1 to
Dec
3i
68,172
July I to Dec 31....
RoohMMter Sc EuBt'n Kap.
260,730
Dec
BallWHy
July Ito Deo. 31....
J
7;i8.071
775,331
330.939
,4^
1
>
DeoeDQber.
Orange Co. rract. ..Deo.
694.861
*95,6>^9
873,62-'
42,2><6
83 827
89,3
74.837
Jan 81,484 74.837
81,484
^,259.459
December. 683,7 2i 800,70^ 9,9>3,19'
November 5tt7,67a 533,5« 6,080,1 8 S,68i,83S
Madison Traction,. Dec
26.21'.^
d 798,19 d 658,182
iet\Tk
2'<,78P
December.
Dec.i{6
November
m
•
639,417
619,184
474,630
827.778
November 200,607 178.0^4 2.112,504 1.903,132
December. 137,H2a 146.80 1,523,4/1 1,629,866
I
39,4273.461
Chicago fe Mil. Eli^o.
Chio & Oak Parli
Cln. OajtonATol.Tr.
Oln. ^fewp,& CovRy.
16,230
70 308
22.009
269,623
253,603
109.616 1.431.720 1.357,467
d 62,43
7,748
410. 3«4
35,45
.,
20.9*^ 19.168
251,331
288,271
D«cnmber.
Electric.
*
23,52?
WoroeBter.. November
Burlingl'n (Vt.) Trao Dfceraber.
&
Laten Du^e
to
119.7.'>4
*
Gas
an.l
•
Ourrmt
Our'nt
9
Ani*rl«»n R'vs. Co.|). December.
Allan Shore Lie eRy. December.
Aui. Elgin A Chio. Kj November
25.644
79 237
Q
WetKorMt
50.90i
44,8^-
Atl8r>lio8h"rei..1iie.Dec.
def.994
25,581
,
STREET RAILWAYS AND TRACTION COMPANIES.
Lateti
59,111
45,63.=i
Soads.
d Charges include sinking fund and preferred dividend.
Cal.
167,06y
15,682
/— Gross
—
Boston
.
Niagara St. Cath, &
Toronto Ry
October
Norfolk Ry, A Lt, Co. November
7,633
30,645
Oompani4».
Oamberland Telephone &
Teleg. Co
Deo.
Bingham ton Ry
d 172,689
(Buffalo)..
Yonn srstown-SharoD October...
Current
Albany
979,678
217,19?
November 328,346 314,008 8.807,951 3,683.782
Jacksonville Eleo.Co. November
23.249 24.936 269.93f
227,225
Kansas City By. A L,t. November 373,97':
V2 238,949
Lake Shore Eleo, Ry November 54,33e '46,819 605.ua 6 576,069
tehigh Val. Trao. Co
Street Ry. Dep
November 40,252 3B.346 553,078 566,670
Electric Light Dep. November
155.50<
145,603
18,220 16.348
Lexington Ry ,,.,
November 25,787 24,366 308,043 287,715
System
.
Interest Charges and Surplus.
Eabhinos,
175,644
8"3,859
165,887
.,
—
GB08S
182,430
lndlanap.«i Martins-
.
Tear.
Tear.
Tear.
Tear.
Oompanie$,
Tear,
Muncle Hartford A
Net Earnings.
Previous
Current
.
Previous
Tear.
*
8,370
def.2,r07
5,8^4
*15,637
*358,902
Deo. 31
No. Br.Nov.
Jxily 1 to
Laus; Date
Ourre^:
Prev'ut
Tear.
Vur'ni
Tear.
Week or Ml
1 to
Jan.
9e,990
979,078
17,474
217,193
7,941
99,928
.
$
22,009
253,683
19,158
238,271
54.680
16.820
214,631
33,418
445,186
Tear.
Tear.
$
$
6,639
69,881
3.070
31,935
7,640
86,496
10,.^32
9,489
110,948
24,437
114,796
26,131
6.401
5,448
89,730
87,482
14,636
180,348
11,709
180,936
853.566
149,168
4,386,974 1,778.713
85,065
45.423
442,368
813,859
16,141
6,285
166.887
98,776
275
7,636
91,536
38,126
12,857
30.372
19.107
48,579
50,833
604,178
583,302
76,616
895,731
65,i65
664,710
8,437
108,0a5
8,207
68,611
71,853
882,278
42,170
465,394
8,250
93,522
7.085
64,827
17,148
127,909
Net Earnings.——^
Previous
Cv rren *
48.9.^6
126.925
1,772,998
37,024
860,835
8,664
83,749
1.853
84,672
590
4.815
18,098
23.209
256,9»2
6,823
20,908
214,110
35,078
408,751
24,582
248,181
4,424
50,506
30,363
399,701
10,917
204.087
4,371
48,926
2.106
23,386
19,771
4,110
48.192
343
.
THE CHRONICLE.
Jan. 21, 1905.]
— Oross Darnings. —
Current
Year.
Roads.
—
—
BocheBter Ky. Co.l>Dec
Jan. Ito Deo. 3i
July
1
to Deo. 31....
Previous
Year.
$
141,240
$
118.389
1,493.098
1,277.738
784,940
674,872
Net Earnings.
CurretU
Previou ?
,
Tear.
Tear.
65,705
668,609
365,100
51,928
621.668
827,916
Bookford Belolt* jHnes3.526
8.755
7.865
1,896
130,074
53,196
127,562
59,101
79,237
70,808
34,621
26,855
Scranton By. Co.... Deo.
873,627
827,778
388,137
358.022
^> Jan. to Deo. 31
154,494
88,093
165,929
79,158
Tol. Bya. & Lt.O'>.a.Deo.
1,763,833 1,663,794
829,625
807,268
Jan. 1 to Deo. 31
a. f«et earnings here given are after dedaotlng taxes.
bBTet earnings here given are before dednotins taxes.
The Illinois Traotlon Co. is a consolidation of Danville Urbana &
Ohainpalgo, Urbana & Champaign By. Gas & Eleotrio Oo.. Danville St.
By. & Light Co. aad Decatur By. & Light Co.
n These earnings include the Detroit United By., Detroit & Port
Huron Shore Line and the Sandwich Windsor A Amherstburg By.
Deo.
vllle
Jan.
1
to
Dec 31
1.
m
Interest Charges and Surplus.
f—Int., Rentals,
etc.
—
-Bal. of Net Earn'gs
Current
Previous
Current
Tear.
Year.
Tear.
Year.
$
$
Boads.
Olev. Painesv. <& E Deo.
Jan. 1 to Deo. 31....
.
Previous
6,638
80,250
Detroit United By. (all
pro pertles)
Deo.
93,619
Jan. 1 to Dec. 31.... 1,075,786
4,167
Ind'p'lis iSc East.By.Dea
Jan. 1 to Dec. 31....
50,000
Kew York & Long Island
Traction Co.—
528
Oct 1 to Dec, 31
1,046
July 1 to Dec. 31
Norfolk By. & Lt.Co.Nov.
18.729
182,202
Jan. 1 to Nov. 30
$
6,568
78,007
def.237
9,480
def.1,120
9,475
87,110
1,000,000
4,167
35,625
* 60,448
*745,704
2.118
48,776
*42,288
*811,B60
4,497
48,124
329
456
*4,486
*17.491
{9,555
{98,280
*427
*5,619
{7,354
J66.796
17.403
183.841
Northern Ohio Traotlon
& Light Co
Deo.
Jan. 1 to Dec. 31....
North. Texas Tract. Deo.
Jan. 1 to Deo. 31....
Oleac Street By
Dea
Jan. 1 to Deo. 31
Rochester By. Co.. .Deo.
Jan. 1 to Deo. 31....
Jaly 1 to Dec. 31
Bookford Bololt & Janesville
Deo.
Jan. Ito Deo. 80
Scranton By. Co
Dec.
Jan. 1 to Deo. 31
&
Lt.Co.Dec.
Tol. Rys.
Jan. 1 to Deo. 31...,
10,564
136,087
15,011
127,138
7.097
131,569
2,663
30,759
26,833
319,969
161,851
28,266
268,132
9,484
111,370
2,452
27,637
25,117
307,582
154.645
1,761
19,747
*39,855
*355,266
*207.523
1,919
21,289
*31,370
*319,773
*176,807
2,649
32,287
18,661
221,779
41.693
499.874
2.698
30,313
20,499
238,144
39,292
438,200
877
20.908
15,960
166,358
46,400
329,751
def.802
28,788
6.356
24,514
273,664
9.571
121.043
1,433
92,ti67
119,378
39,866
319,068
After allowing for other income received.
I This 8ur[)lus includes proportion of surplus of City Gas Oo. amounting to $5,075 this year against $3,849 last year in November and to
$33,500 this year against $^5,518 last year, for period from Jan. 1 to
Nov. 30.
*
ANNUAL REPORTS.
219
The present dally mine capacity [In our terrttorlty], 35,000 tons,
gives for 260 working days an annual output of », 100,000 tons
("an increase In coal tonnage of about 50 p «."). In addition to this
tonnage, mines operated on the lines of the Wcibash-Plttsburgh Terminal Bv. have a capacity of, and are under contract to ship over the
WabaPh Pittsburgh Terminal B7. and th- Wheeling & Lake Erl^ B t.,
a minimum of 4,000,000 tons annually. With the opening of the PittsLake Erie there will be a large
burgh territory to the Wheeling
tonnage offered of mlBoellaneous trafflo— ores, lumber, iron, steel and
manufactures— and your lines and equipment must be put In condition to receive and transport it. Ninety per cent of this large traffic
will pass over the main line between Pittsburgh Junction, Huron and
Toledo, and this portion of ths Hue should be double-tracked as soon
as possible. The dock and terminal faollittes at Huron should be
doubled.
An least 2,000 50 ton coal oars (additional to the 1,500 now being
delivered) should be contracted for at once.
Need of Finavoial Plan.—These are the Immediate requirements
of the company (U It is to profit from the Pittsburgh and other developments), and In addition to this there Is the cost of the Adena Extension—already built and paid for but not financed— the Toronto Extension, Ziuesvllle Belt & Terminal, Pl'tsburgh Lisbon & Western and
Youn list own branches, to be provided for at an early date. As yonr railway lines are located in the midst of towns an 1 cltlss of great industrial and commercial activities, with hundreds of thousands of acres
of coal lands trlbntary to it and its allies, the demand for new
branches, spnrs aad Increased tac'litles for handling the constantly
growing trafilo will continue for years to come, and it Is evident that
some broad, comprehensive plan must be devised for furnishing the
financial basis for this work.
If the iToper facilities, double track, equipment and terminals are
provided by ths company as above indicated, the gross earnings of
the company will be doubled in the next three years.
A
Ot the total tonnage, bituminous coal in 1903-04 furnished
3,940.701 tons (51-13 p. c), against 2,600,163 tons (44-16 p. c.)
in 1902-03.
The company's equipment on Jane 30, 1904, ineladed :
Locomotives, 146, of which 36 switching, 29 consolidation, 8 mogal,
60 freight lOwheel and 23 passenger 8-wheel; pissenger ears, 68;
freight oars, 9.714, with total capacity of 297,470 tons, contrasting
with 7,969 freight cars on June 80. 19i>l, of total capacity of 203,840
tons.
The Qeneral Manager
desires in addition 15 consolidation
6 switching engines.
OPBBA.TIOKS AND FISCAL RESULTS.
1903-04.
1902-03.
1901-02.
442
442
442
Average revenue mileage
Operations —
5,762,524
8,838,331
6,258,274
Total tonnage (revenue)
(onemile)
643,818,004 667,656,975 882,258,711
do
l,6h5,579
1,679,842
Freight train miles
1,352.920
407*52
426*46
430*37
Av. revenue train-load (tons)
0*549 cts.
827 Cts.
0503 cts.
Bevenue per ton per mile
$2 25
$2 16
Bevenue per train mile
$2 24
8.">3,683
889,769
867,631
Passengers carried
21,518.349 20,832.893 23,725,276
Passengers carried onemile
Mileage of cars, inol. mall & exp. 2,588,818
2,493.216
2,570,821
2-29 cts.
2-25 cts.
1*88 cts.
Bevenue per pass per mile
$-^,999
$9,781
$9,677
Gross earnings per mile of road.
Net earnings per mile of road...
$2,374
$2,265
$2,138
and
Marnings—
$
Gross earnings
Operating expeDses
Additions, betterm't
>
& renewals 5
Net earnings
Other inoume
Total income
Interest on bonds
Equipment trust charges
1908.
$8,448,320
m (.an tr^^'i 6,314,627
'>^^iy'-^>>\
626,416
$1,848,166
35,000
$1,807,278
50,709
1902.
$7,13S,g99
5,034,253
585,00:)
$1,519,645
40,125
$1,583,166 $1,557,986 $1,559 7^0
777,000
777,000
777,000
188,001
DlvldeLdon Istpref
(5)2.50,000
Dividend on 2d pref
(3)330,000
176,788
(5)?80,000
(8)330,000
Balance, surplus
-V. 78, p. 1779.
$38,165
185,64n
$24,248
Wheeling & Lake Erie RR.
(Report for Fiscal Year Ending June SO,
President J. Ramsey Jr, says in substance
(5)250,000
(3)330,000
$17,121
1904. J
:
Qbnebal Bcsdlts.— The gain in gross earnings over the previous
year was only *90,511. Operating expenses increased $*2,237. The
gross e rnlngs were very materially aflficted by three factors: (1) The
nnpreoed^-nted severe winter from the end of December, 19 3. to April,
1904; (2) the late opeolog of lake navigation, due to the late spring,
and to the tl»up of vessels by the strike, no vessels having been loadea
until near the end of June; and i'^) the tempory closing down of a
great many of the lar^e steel works, furnaces and mills, and the two
months' striKe of miners.
The groBH eariilm/s for the first six months of the year were $2,856,898, an lucreaoe of $216,276 over the same period of th- previous
year, while for the hix months— January to Jane, inclusive 'he earnings leoreased «155, 65. Of this denrease$i31,i49wasln themouths
of May and June, showing the heavy loss due to the delay In starting
the lahetranp and the miners' etrlbe. The severe winter also oaased
a largp inert- aoe In the cont of operation.
Beqdibemknts to Mbrt Growing TEirric.-The report of the
General M«.naMer shows 1q detail the various Improvements to the
property— Increase In s'dlngs, spurs ami n«*w mine openings— and
draws particular attention to the need of additional eqalpment and
—
motive power.
1,750.710
717,459
687,119
120,011
1,662,061
668,981
799.820
102,194
1,432,70?
533, 52J
522.973
104,602
3,288,062
2,593,803
(7635)
(78*33)
1,001,709
943,220
1,001,709
943,220
617,870
167,045
281,612
603,163
154,254
231.611
572,296
129,562
169,238
1.056.527
63,654
,
1904.
$3,645,375
8,637,023
1,120,181
reports of steam railroads,
and misoellaneous companlea which have been
published daring the last half of 1904 may be found by refer
Total
ence to the general index on pages vi. to x. of the Chron- Per cent of expenses to earnings
icle of Dec. 31, the annual reports being indicated in this Nee earnings
*Other Income
index by heavy-faced type.
Total
^ew York Chicagro & St. Louis Railroad.
Deduct—
(Statement for Fiscal Year Ending Dec. SI, 1904 )
Interest on bonds
The results for 1901 (December estimated) compared with Taxes and misoellaneoas
Bentals
previous years are shown below, the dividends for 1904 being
those declared this week, payable March 1:
4,234,771
8,275,299
(7573)
1,049,983
70,198
......
Maintenance of eqalpment
Maint of way and strnotures....
General expenses
Annnal Reports. — All annual
467.873
68.167
179,964
2,927,874
446,304
61,290
101,555
4.325,282
—
Operating expenses
Conducting transportation
street railways
$
217,809
Passenger
Mail and express ..^
Other sources
Total
$
3.618,767
989,038
12,681
871,096
72,134
3,535.879
493,748
77,845
Freight
Total
Surplus
* Balance of cash assets turned oyer
L. E.
holders' committees of W.
&
by reorganization and stock-
RMway Oo.
FINANOIAL EXHIBIT JUNE 30 CONDENSED FBOM OBN. BALANOE SHEET.
1903.
1904.
Assets—
$
...51,127,513 60,373.418
Cost of road and equipment
881,167
Cost of Pitts. Llsb. & West
427,011
339,789
Materials and supplies
489,270
479,019
Stocks and bonds owned
2,650,157
New equipment In suspense
2,622,743
809,036
6»7,029
Additions and Improvemenis
766,308
Advanot^s for construction
1,035,462
Consolidated bouds in treasury
334,688
Cash on hand
314,724
166,782
98,068
Due from agents
8,f>62
8,5-9
Due from U. 8. P. O Dapartm't...
328,171
Due from railroads & indivld'als.. 821,074
1,S94
1,894
Due from Pacific Express Oo
21,. 60
Miaoellaueous
8,996
Total assets
Liabilities—
OommoD stock
First pieferrert stock
Second preferred s'.ook
Bonds outstanding
Bonds issued to treasury
Equipment trust obligations
Bills
Inter-stdne
Interest accrued, not due
TaXfis accrued, not due.......
MlsortUaneouH
Profit
and
Total
loss
liabilities.
-V. 79, p. 2644.
49,671,640
2. 1,367
462,321
1,969,297
635,476
375,934
26H,(iOO
859,418
108, 4H8
8.697
331,816
1,894
7,728
67,409,294
86,369,855
54,920,166
20,000,000
20,000,000
4,986,900
11,893,500
14,621,003
20.000,000
4,h86,900
11,993,600
13,867,000
266,000
2.650.168
508,105
l,9tjp, <jy7
74^^,626
660,'i91
83,'>68
100,780
28,472
190,274
86,821
48,999
807,862
444,203
ico.aio
2i,780
184,796
67,118
19,«24
425.627
.57,409.294
56,359,856
54,920,166
4,986, yOO
..11,993,500
14,621,000
payable
Vouchers and pay-rolls
Ballroadeand individuals
1902.
»..
2,62^,743
1,370,680
862, «28
»4,S03
3o,-«12
....
196,397
450,524
THE CHRONICLE.
220
Mexican Central Kailway Co.
(Report for Eighteen Months Ending June SO, 1904.)
The report of President A. A. Robinson contains in brief
the following information :
Mileage,—The total operated mileage Deo. 31.1902, was 2,686; to
this was added on Jan. 1, 1903, 229 miles, making a total of 2,915
miles. Od May 1, 1903, the track between Paredon and Trevlno, a
distance of 18 miles, was taken up, which made the average operated
road for the eighteen months ended Jane 30. 1904, 2.937 miles.
The San Pedro extension between San Pedro and Paredon was completed during 1903. The extension of the Panuco Division from
L^oherla to Sandoval and Pachnca was completed during 1903, and
this extension, together with the Pachaoa Zicaltlpan & Tampico By
which was purchased during 1902, was added to the operated mile,
[YOL. LXXX.
bridging was repldoed by permanent structares and IS^a miles of
track was ballasted. The work of ditching and widening the embankments was continaed, so that this road Is in much better condition for
successful operation than heretofore. This branch was connected
with the main line atTorreon on Jan. 1, 1904, by the construction of
187'72 miles of new railway between Paredon and San Pedro. This
new outlet will be of great advantage to Northern Mexico in developing that important mineral region.
Washouts during the eighteen months actually coBt$229,2R9, Mexican currency, besides causing serious delays to main line traffic.
The San Luis division was opened for traffic from the main line at
Ohlcalote, near Aguascallentes, to Tampico in 1892. Owing to the
undeveloped condition of its local territory and the depreciation In
silver, this extension has never, np to this time, been remunerative.
If sliver, however, had remained at the value in gold which it had at
the time this branch was projected, the same would have been a profitable enterprise. Owin? to the yellow fever epidemic prevailing on
the Monterey division during seven months of 1903, and to its Incomplete condition, the result of its operation was unfavorable; bat the
result of 1904, showing improved returns from month to month, fully
meets the expectation of yoar management in parchastng the Monterey & Mexican Galf Railway and In building it to a connection with
the main line at Torreon.
Eliminating the San Luis and Monterey divisions from the balance
of your mileage, we find that the operating ratio for the eighteen
months was 62*62 per cent of the gross.
The large withdrawal from the trust fund np to July 1, 1901, was
made necessary by the very low price of silver prevailing during the
last eighteen months, the decline in value of Mexican silver dollars in
gold from the prevailing price in 190u and 1901 of over four cents,
gold, representing a net loss of over $500,000 gold.
Attention is called to the expenditure of $2,276,941 40 for betterments and improvements made to the property during the eighteen
monthsendlng June 3<), 1904. In making these expenditures the
operating expenses during 1902 and 1903 were materially inoreased,
so that the operating percentage for the current months ii much better than for the months prior to July, 1904.
i
age on Jan. 1, 1901.
[The total road operated on July 1, 1904, excluding side tracks, was
3,155 miles, of which 258 miles was added Jan. 1,1904, viz: San
Pedro Extension, Ban Pedro to Paredon, 138 miles; Panuco Extension, Lecberla to Apnioj, 88 miles; Tepenacasoo to Honey. 22 miles,
and Telles to Pachuca, 10 mUes.J
Daring the 18 months ended June 30, 1904, there were constructed
52-37 miles of side tracks, making the total of side tracks July 1, 1904,
84^-49 miles.
RENKWAL8, Etc.— The rail renewals daring the 18 mos. were 13,130
tons of new 78-poand and 83-ponnd steel. Since the rail renewals were
commenced, in 1896, track has been relald with 56, 66, 75 and 83ponnd steel rail to a total of 761-68 miles, or 26H) per cent of the total
average operated mileage for the 18 months ending June 30. 1904.
[Since Dec. 81, 1898, 573 miles of track have been relald, all with 7583 pound steel, mostly the former.]
The tie renewals for the eighteen months were 1.359,667, costing
81,598,694, compared with 631,972 in the year 1902, at a cost of
$"?;i0,919. The total number of ties renewed from 1883 to Jane 80,
1904 Inclusive, has been 8,214.080.
Daring the 18 months 8,307 feet of temporary bridging were filled
with earth, 1,390 feet were replaced, Iron culverts. 1,107 feet
The annual earnings, income acoonnt and balance sheet
replaced by stone culverts and 5,935 feet by Iron structures, making
a total of 11,78;* feet of temporary bridging replaced by permanent follow:
Btructares or embankment. All bridges are being replaced, as far as EABNINQS ANDEXPBN8E8 FOR 1902 AND 1903 AND SIX MONTHS ENDpracticable, with permanent strnotares of stone or iron or a combinaING JUNE 30, 1904 (Mexican Currency).
tion of the two, and only creosoted material is used when wooden
1904.
Btrncturee are rebuilt, iDSurlng a bridge of at least twice the life of
1902.
1903.
6 months.
one bailt of untreated timber. The bridging on Jane 30, 1904, aggre- Miles operated (average)
2,621
2.903
8.165
gated 114,096 feet, viz
Barning$ —
24.521 ft.
Ballasted deck (creosoted).... 12,576 ft. Pile or trestle(non creosoted)
Freight
$16,151,912 $19,407,379 $10,658,235
24,260 ft. Iron
52,739 ft
Pile or trestle (creo«oted)
Passenger
3,854,995
4,392,609
2,172,607
Rolling Stock.- Of the 8,006 freight oars now in service 7,4S7 are Extra baggage
52,322
67,706
36,933
eqalpped with automatic couplers, or 92*89 p. c, and 7,784 with air Express
481,122
611,384
325,871
brakes, or 97-23 p. c. The expenditures for maintenance of equip- Telegraph
30,133
81,657
16.046
,
ment for the 18 months include $378,425 (equivalent of $165,000 Mieoellaneoas
663,620
561,758
274,463
United States currency) credited to equipment renewal fund.
The equipment owned and leased on Jan. 1. 1903, consisted of 811
Total earnings
$21,182,227 $26,064,354 $13,484,164
locomotives, 198 passenger cars, 5,451 freight cars and 338 service
Expentes—
care. Daring 1903 equipment trust agreements were entered into
Maint. of way & stractares.Y $2,800,829
$8,137,270
$1,640,692
covering 89 locomotives, 15 passenger cars and 2,190 freight cars, all Maintenance of equipment
3,171,159
4,0 1 1,360
2,090,302
of which equipment had been delivered on June 30, 1904, together Transportation expenses
7,888,983
10,209.581
6,389,040
with 14 passenger cars and 31 service cars, which were purchased and General expenses
1,310.150
1,542,994
889,739
during the same period. The weight of engines on drivers
paid for
freight cars on June 30, 1904, Deo. 31,
and the tonnage capacity of
Total expenses
$15,170,621 $18,941,205 $10,009,774
1902, and Dec. 31, 1897. compare as follows (OOO's omitted).
$6,123,149
$3,474,379
Net earnings (Mex.currency). $6,961,606
,— Freight cars— tonnage capacity
-Engines, weight en drlvert.
$2,598,556
$1,579,896
Net earnings in U. B. currency $2,618,384
Dec, 1897. Jun«, 1901. Dec, 1902. Dec, '97.
June., 1904. Dee.,H)02.
81,23iilb8.
216 tons
143 tons
16,701 lbs.
tr6 tons
Total.... 45,127 lbs.
74-23
78*67
71*79
Operating per cent
.
:
I
I
—
f
Average.
US lbs.
.
,
100 lbs.
81 lbs.
28 tons
26 tons
22 tons
ADDITIONS, Etc.—The additions, betterments and Improvements
charged to the capital amount during the eighteen months ending
June 30. 1904, aggregated in Mexican curreaoy $5,192,28vt; equivalent In United States currency to $2,276,941. In June, 1904, there
was charged to income account f428,333. The principal items included in the total $5,192,282 (Mexican currency) are: Grading.
$311,253; ballast, $70,332; cross ties, $29,3S5; rails, $159,600; rail
INCOME ACCOUNT FOB BIOHTEEN MONTHS ENDED JUNE
fastenings, $47,725; tunnels, $131,1;j8; bridges and culverts, $806.576; buildings and shops, 9475,777; water stations, $319,619; tools
and machinery in shops, $565,685; wharves and docks, $114,°,j0e;
equipment. $2,007,964.
JDurlog the year 1903 the Barrientos tunnel, about 13 miles north of
the City of Mexico, was constructed under a joint arrangement with
Withdrawn fiom Sub-
the National RE. of Mexico. The construction of this tunnel reduces
the length of the line 2,8d5 feet, the curvature 825 degrees and the
maxlmam grale from li« p. o. to 0*6 p. o.
The additions, betterments and Improvements to the operated line
during the years 1895 to Jane 30, 1904, iocluslve, ohareed to capital
account have amounted to $6,217,812 United States currency.
Price of Silver.- The maximum price at which the company sold
silver dollars during the eighteen months ending June 80, 1904, was
47-42 cents and the minimum was 37"77 cents, the average for the
eighteen months being 43 72 cents, as against 4216 cents for 1902,
47-82 cents for 1801, 48-92 cents for 1900 and 53-17 cents for 1896.
For the half-year ending Jane 30 the average rate was 45-.')3 cents.
The Monetary Commission appointed by the Government of Mexico
Feb. 24, 1903, has made Us report under date of December 11, 1903,
recommending that the Government place the currency of the country
on a staple basis of exchange with gold. At the time this report goes
to press the CablLet has approved a bill to establish the oarrenoy of
Mexico on a 50 cent gold basis, and the bill is now pending in the
Federal Congress and will undoubtedly be passed and made tir«ctlve
at an early date. Exchange has already declined to below 205, which
is eqnal to a value of about 49 cents for Mexican dollars.
BiiBSiDT Fond.— The Mexican Government subsidy trust fund in
hands of Boston Safe Deposit & Trust Co., trustee, is reported for the
eighteen months ended June 30, 1904, as follows:
Int.
8DB3IDY TRDBT FUND
Held by Trustee Deo.
(IN
UNITED STATES CUBEENCY).
Deduclionain 18 mos.—
31, 1902:
Priority 6%bonds,$6,697,000, cost
$6,122,646
Trnstee, legal serv., &c.
Consol. iiiort. 4s, $1,000.000, cost
In year 1903
450,000
Jan. 1,1904
1,325,160
July 1,1904
I,327,.'j60
Loss through depreciation on bonds sold. ..
137,561
722,783
Caeh assets
1,090,012
Interest, etc., received.
113.352
Total
Withdrawn for
on console:
$8,750
interest
$8,048,708
Total
$3,249,022
Balance June 30, 1904 [$4,386,000 priority 5 p. o. bonds,
costing f4,797,914, and cash, $1,857]
.$4,799,771
The sale of $1,211,000 priority 5 p. o. bonds at par brought la $1,
211,000; the $i,000,000 consol. 4s realized $693,963.
GENERAL.-The completion of the general shops at Aguascallentes
h.iB enat>led theoompiny tooluse tneshoiiHat SanLuls PotoBl,Bllao and
Oaoruavaoa, and to use the shops at Mexico City, heretofore the mam
Bhoi)s of the system, merely fur light repairs. The shops at Aguascallentes are modern in every rcBpeot, having steam turbine motive
power for the generation of electricity, which is installed throughout
the plant. The Inanguratlon of these shops will result In considerable
economy.
On June 30, 1904, there were employed there 1,073
operatives.
Permanent improvements on the Monterey Division (M. <& M. G.
Ry.) continued daring the eighteen months; 6,106 feet of temporary
80.
1904
(United States currency)
Eteeipts—
$3,597
Balance from 1902
Net earnings 18 mos... 4.178.462
lat.on Tampico
Co. bonds
sidy Trust
Harbor
207,625
Fund
$7,493,294
Expenditura—
Tarn. Har. Co. rental..
Bond account, inc. discount and legal exp..
637,434
Bet aside from inc. for
3,102,720
Total
Expenditures— ( Con )—
Prem. Aoot.
$73,846
Mlscellaneoas interest.
498.269
Deficit in
$241,722
on equipment and
114,375
collateral 5% bonds..
675,000
Int. on ooll.tr.4ifi% bds.
3,992,853
Int. on mort. bonds
Returned to Subsidy
Trust Fund in 1903..
3,597
discount and oommls.
on bonds to be sold..
Int. on equip, tr. note3
included In face of
notes, but properly
chargeable against in-
come
Betterments
600,000
& improve-
ments
336,866
428,333
$7,492,294
Total
BALANCE SHEET.
June
30.
Dec. 31,
1902.
Dee. 31,
1901.
Dee. 31.
1900.
$
$
Assets—
$
$
Construo'n&equlp.. 168.851,560 164,612.748 158,099,979 147,494,356
Equip., Old «;olony
2,014,530
2,014.530
2,014.629
2,014,530
Tr. Co.. trustee. .
1904.
Equip., Pullman Co.
agreement
agreement
with J. W. Simpson and W.M Bar-
1,356,170
num
1,173,291
Equip.,
Treasury securities xl ,001,690
714,018
639.984
784,997
4,799.771
7,935,410
8.167.801
8.581.139
220,518
1.98!i,935
136,821
1,991,285
&aoctsreo'ble
1,289,423
780,429
122,598
2,018,960
970,999
121,793
2,046,635
794,416
Cash in bank and
In hand
1.650,276
1,609.489
1,479,887
1,454,112
Materials, fuel, etc.
Bos. S. D. &, Tr. Co ,
trustee sub. fund,
Bonds held by Mex.
Gov. as guaranty.
Tam. Har. Co. bda..
Bills
1,522,622
Total assets. ...185,816,687 179,794,760 173.601,732 168,391,983
Liabilities—
47,970.100
Stoik
47,962,100
47,956,100
47,953,100
Bonds (see8upp.)..ll6,42t>,753 116,374,353 106,481,052 102.373,712
1,461,U94
1.596,249
1,403,718
1,569,804
Int. and rentals ...
Car
&
locom'e notes
2,632.103
Bond discount and
oommls. reserve..
Notes
Aoooants payable..
Mexican Gov. sab..
Eqaloment fund
Bonds called
Income account....
600,000
8,609,322
2,814,640
4,905.476
234.589
63,000
2,215,000
3,.'S04,632
8,041.146
88,688
9,000
3,597
7,908,704
1,092,502
8,263,506
166,241
6,000
180,932
1,594,000
1,145,059
8,686,844
12d,456
6,000
6,092
Total Ilabllltiee.l85,816.6b7 179.794.760 178,604,732 163,291,983
x$l,000,000consol. M. 4 p. 0. bonds at cost, $698,963; $211,000
5 prlorltyd bonds at cost, $211,000; $500,000 Ist Incomes and $300,000 second Incomes at market price, $91,627; total. $1.001,690.— V.
80. p. 168. 169, 117.
-
Jan.
21,
THE CHRONICLE.
1905]
American Qraphopho^je Company.
f Report for Fiscal Year Ending Sept. 30, 1904 )
President Eiward D. B;9ton says
221
Berkshire Street Ry.— SoZi,— See New York New H.iven
Hj.rtfoid RR, below.— V. 79, p. 2454.
Bjiston & Worcester Electric Companies.— Lisfed in fios/ow.— The Boston Stock Exchange has listed the ouistanding
bares, viz.: 25,114 of common and 24,936 of preferred stock.
Chere remain in the treasury 2,400 common and 2,000 pre-
&
:
In presenting herewith the annual report of the Amerloan Graphophone Co., with ihe combined baian'ft shfet of tlie American Graphoplione Co. and Its sales agents, the ColambSa Phonagraph C is, your
attention is called to tha amonnt of surplus earnings carried to re
serve for depreciation, etc., and to the fact that: there h>*ve been
further largo adalttons to the factory bull dlngg, machinery, wtook, etc.
made necessary for the coDtiisaaUy increasing baelaoss, and that
addltiona! Important patents have beeu aoqatrad. Oompariug with
last year the earntogs show a satisfactory increi^se and the general
condition of the company has majerlally Improved.
terred stock.
~V.
79, p. 2641.
California Cras & Electric Corporation.— ^c^uiaihoncompany recently purchased the VdU -j > GliS L'gh: Cj.
nd re-incorporated it under the name of the Val'-ja Gas Co.
The properties of the South Yuba Water Co. had not been
acquired up to Deo. 17.
The earnings, esperjse"?, charges, etc., were as follow:
contract has
iJontract with San Francisco Trolley Line,
EAKNINGS, EXPENSES AND CHVRGES.
een entered into with thy United Rii'.roads of San Fran1903-04.
1902 03. 190! 02.
$.198,360 $59i,6SS $26l,16-i cisco by whioti the latter agree to parchase all their elecNt^from operations
6i,b75
ai,565
15,610
Miscellaneous
ricity from the Calif ornia Qis & Electric Corporation for
Preparatory to supwiinty years beglaning Jan. 1,1906
$729,925 *659,513 $276,778
Total earnings
[ilylng the large amount Oi electricity thus reqnired and to
Beducl10,723
17,6i8
24.070 I'.rovide against aoy possible iaterrupti m of the power from
Iiit. on factory mort. and debentures...
14,048
Interest on coupon notes
h^ company's long-distance hydro-electric system, the Cor"
" loans and bills payable
17,736
,)oration has placed aa order with the Crooker- Wheeler Cj.,
3.030
Commission on debentures sold
4i,841
51,221
24,390 A.mpere,N, J , for three 4,000-kw, capacity, 3 phase, 13,300.,
MiinteJianace ....,
52,258
25,000 s^olt. alternators, to be driven by three 8,005 b. p. gas en32 741
Depreciation, etc
92,^46
78,677
56,000 i^ines. To supply these gas engines thore will be one gasDividend on pref. stock (7 p. o.)
24,034
Dividend on com. etook (2 p, o.)
holder having a capacity of 1,000,000 cubic feet and two of
274,500
280,000
Beserved for deprooiatlon
200,000 cubic feet capacity.
Total
$522,847 $467,924 $132,490
Various ruoiors have been afl )it regarding plans of one
Surplus for year
$^07,078 $191,599 $144,287 Interest or another for the establishment of electric and gas186,5k:8
522,403
330,31.5
Surplus at end of previous year
lighting plants in San Francisco independent of the San
Total surplus
$729,481 $522,404 $330,815 Francisco GiS & Electric Co. It has beeu thought by some
la 1900-01 gross sales were $1,692,883; profits, $114,120; dividend that thi gas engines, said to be the largest In the world,
paid on preferred and common stock, 8 per cent.
which will furnish power for the aforesaid plant, would be
BALANCE SHEET SEPT. 39.
accompanied by the sale of gas for illuminating purposes;
19n3.
1004.
1903.
1904.
but the officials do not encourage this ide^. It is noted,
iiablfities—
Atsett—
t
%
t
f
however, that D. O. Mills is largely Interested in this comCommon stoclt
Patents, franchises.
L,20.',000 1.90<{,000
1.270,000 1,270,296 Pre erred stock .... ,19d,l0j l.SOI.dtO
KOOd-wiU. etc
pany and also in the Matu'.l Elacttic Light Co. of San Fran144 Mortgage on factor/
141
Stock, not issaed...,
ciaco.— V. 79, p. 1331.
983,152
1.219,083
100.000
100.000
Plants
165.13^
182,650 Deb. bs convt. into
Raw material
Central of Georgia Ry.— ^o Further Deposits of Old Sepref. stock. ..
89,300
98,840
Goods in process of
225.069
204.509 Coup, notes convertmanutacture
curities After Apt. 1 i5(95. — Alchough the time limit for the
121.48"
112,6.i2
pref. 8tk. 412,300
Goods completed ..
ible Into
Banking Co.
deposit of securities of the Central Railroad
Accrued Interest and
Mdse., furn. 4 flxt's
476.-38
923.145
and othT assets.
taxes not ;et due,
of Georgia and its allied corporations for exchange under the
42,221
and bills payable.. 604,397 467.3)9
Acc'ts & bills recelv. 63:1, -,Vi
reorganization plan expired in 1895, the new company has
18».779
142,5
Reserved for depreCash
64,317
ciation, etc
Stocks other co's ...
80.71S
l'^3.702
106,443
voluntarily continued the exchange of old for new securities.
Surplus
720.481
S22,4U3
Notice, however, is now givtn that no further deposits will
Total
Total
4,617.580 8.798. <il5
t.617.5H0 3,798,^15
be received or exchanges made after Apl. 1, 1905.— V. 79,
This
—A
!
1
&
.
.'i
—V. 78, p. 2H4.
p. 1641.
GENERAL INVESTMENT NEWS.
RAILROADS, INCLUDING STREET ROADS.
Albnqaerqne Eastern Ry.— Morfgraflfe.— This company,
is DQiiding a road from Moriarity on the Santa Fe
Central o Albuquerque, N. M., 47 miles, has made a mortgage to the Pittsburgh (Pa.) Trust Co., as trustee, W. H.
Andrews, the President, is President of the SiotiFd Centra!;
Gi-neral Manager, W. S
jpewell. See Santa Fe Central
Ry. on page 223 of Railway & Industrial Section for
Ootober, 1904.
-^'f-fiti
Allied Lines. —Three companies controlled by the same interests as the Albuquarqae Eistern and the Santa Fe Central
have been organizea as follows:
Duraneo Albaqnerque & Galf RR. - Incorporated at Santa Fe,
N M., on Deo. 7 with$S,000.000 of authorized capital stock, of which
$200,000 18 subscribed, to build a 200 mile line extending irom near
Algodones, on the Atchison Topeka & Santa Fe. through Sandoval,
Bernalillo, MoKluley, Pore Arriba and San Juaa ooautles, New
Mexico, and La Platta County, Colorado.
Colorado New Mexico & Gulf Ry. -Inoorporated In Colorado on
Dec. 14 with $500,000 authorized capital stock to build from Darango,
Col to a coijcectlon with tha Durango Albuquerqua & Gulf KR at
the New Mexico 8tii.te Line.
TorrancB Roawell & Qulf Ry.— Incorporated in New Mexico on
which
H
.
Deo. 31, 1904, with $2,500,000 of authorized capital stock, to construct
• railroad fiou Torrance conni;otlnK with the S-tata Fe Ceutr<»i to
ROBwell, i.2c. miles. T. Leo Clark or Pittsburgh la Treasurer.
Directors of these compa,nies Include Francis J. Torrance and Arthur Kr^nnedy of Pitt-burg, Pa.; T. Lea Oiar',^ of AUeRheay. Pa.;
H.
Andrews of Albuqaerque, N. M ., and W. S. Hjpilna oi Hldaboro.N. M.
W
Baltimore & Ohio B,'ti.— Agreement,—See Western Maryland below.
IrnprLvementa, -The foUowing announoemeut is made
The company has almost completed the extensive Improvements to
the Oievelatia division, which practically Involvod thd rtibuUning of
the southern portion of the old Cleveland Lorain & Wheeilug line,
straightening me aiig-mont, reducing grades and ohuuging from
single to double track. This work has been m progress abu>uc eighteen
months and it Is expected to be llalshod and ready for through operation by March Ist.
The to-.al expenditure will amonnt to about
$4,000,000 and win put the Olevelana Lorain Sd Wheeling line in flrstOlaBs oonaitlon to hauOle tralflo at an economical coat. The maximum
frade on th^ division will bo 15 8-10 feet to the mile northbound and
Sis feet eouthbound.— V. 7i», p. 2793.
:
Baltimore Sparrow's Poiut u Chesapeak.© (Electric) Ry.
—Bonds O^erea.—Dominies & Djminioti, New York, and J.
Wm,
M daendorf & Uo. of Baltimore,
Central Market Street Ry., Colambas, Ohio.— Commit
— D. fault having occurred in the payment of the interest
due Jan. 1, 1905, on the first mortgage 5 p c. bonds, Lawrence Johnson, Franklin M, Potts aud Edsvard B Smith
have been selected to act as a committee for the protection of
the bondholders. An agreement provides for the deposit
of bonds with the Pennsylvania Co, for lasurances on Lives
<fe Granting Annuities, 517 Chestnut St., Philadelphia, Pa., on
or before Jan. 80, 1905. The Jan., 1905, coupon from deposited bonds will be purchased at par.
Cop'as of the agreement may be had on application to Richard Vaux, Secretary
to the committee, 308 Chestuui St., Philadelpaii.— V. 80,
<e(j.
Md., are offering at 95
p. 116.
Chicago City Railway —O^rr to Purchase.— The advertisement signed by Marshall Field, Joha J. Mitchell and P. A.
Valentine, offering to purchast) a maj >rity of the §18,000,000
stock at |200 per share (par value flOO), reads as follows:
In behalf of Massrs. J. P. Morgan & Company, as syad'ca'^e managers, the undersigned hereby offer to purchase any and all shares of
Ntock of the Chicago City Railway Od. as the price of $Z00 per share,
provided that not lees than 80,u0 1 shares, constituting a ma] >rlty of
the total outstanding capital stock, shall have been delivered under
this offar. All stockholders dnslrlng to accept this offer will deliver
cenlheates for their stock, duly indorsed in blank for transfer, to the
lUliiOU Trust & Savings Bank, Ohloago, 111., on or before Fob. 15.
1905, and in exchange thHrafor «plll receive a certlflcate entitling the
depositor on or before March 31. 1905. to receive payment at the rate
of $J0O p^'r share for the stock therein spi-cifled, it by that date thti
majority of euch stock ehail have been so delivered or accepted, and
otherwise to receive a s'.ock ceriiflcate for the same number of shares
represented by such certifloate.— V. 80, p. 162.
Chicago Indianup ilia & Lonisrllle Ry.— Bonds Ojjered.—
W. Hilsey & Co. are olfering $300,000 r:fuading mortgage
N.
be,
part of those issued at organizition for the consols of the
old
company.— V.
80, p. 162.
&
North Western Ry. —/^crease in Other Income.
—See Chicago St. Paul Minneapolis & Omaha, below.—V. 19,
Chic-sgo
p 965, 970.
ChiCi\go St. Paul Jliaueapniis & Om.ihu Uj.— Dividend
I'creasid. Tue directors on Taesday declared semi-annual
(11 video dd of 3^ p. c. oa both the common and the preferred
jiocks.
This is an increase in the annual rate for the comm jn
!it:ook:($ 18, 558,953) from 6 to 7 p. c.
Both dividends are
[•ayaole Feb. 20 on stock of record Feb. 6. The Chicago
North Western Railway Co. as the owner of $9,320,000 common will benefit by the increase to the extent of |i>3,200. The
dividend record siace 1890 is as follows:
D1V8. since'a0)'.91 '32 'd3 to '96 '97 'dS '99 '00 '01 '02 '03 1904
Common, p.c. > .. ..
5
8
6
6
2
2 3>« 5
None.
Pref P.O....) 1 6>fl
7 par anu. (Sis F&A)
—
&
and interest the unaold portion of the $2,000,000 firat mortgage 41^ p. c. gold bonds, guarautead principal and interest
by the United Railways & Electric Co. of Baltimore. T:itiae —V. 79, p. 1955.
bonds ere dated J^.n. bl, 1903, and are due Feb. 1, 1953; FidelChicago Terminal Transfer RR.— Notice to Bondholders.
ity & Dspoeit Co. of Maryland, trustee.
The line, it is —In view of the failure of the company to pay the coupon
stated, earns a surplus ivcr fixed charges and the guarantor
due Jan. 1, 1905, on its first mortgage bonds and for the purasnrpluu nearly nine times the interest oa tie Sparrow's pose of protecting
the interests of the bondholders, H tllgarPoiiit bends.
Compare United R always & Electric Co., V. lon & Co., 5 Nassau St., as owners of aud representing a
79, p. 2643.— V. 76, p. 265.
considerablo amonnt of the bonds, suggest that the holders
,
THE CHRONICLE.
222
confer with them before taking any steps with reference to
their bonds, and reqnest tbeir addresses and amount of their
holdings.— V. 80, p. 162, 116,
Colorado New Mexico & Cruif Ry.—See Albuquerque Eastern Ry.
Colnmbas GroTe City & Sontliwegtern (Eieotric) Ry.—
Receivers Appointed, This company, belonging to the Appleyard syseiu, several of whose lines recently went into
receiver's hands, was on January 16 turned ovar to J. G,
Schmidlapp and M. H. Wilson, as receivers, by the Federal
Court »t Cincinnati on a confessed judgment for $4,948.— V.
,
(Electric)
Daliota Pacific
RR. below.— V.
Uv.—Acquisition.— See
Leliigli
New
KR.—New
Director —Alexander B. Coxe,
&
member
Louisville & Nashville RR.~Eirnings.— For the halfyear ending Djc. 81, partly estimated:
0th. income. Charges.
6 mos —
Gross.
Xet.
Balance.
77, p. 2280.
Dajton SpriDgflftld & Urbana (Electric) RR.—StoakholdComm'ttee.—Uhe stockholders reeidmg in Diyton, O
h«ve appointed the foUowics: committee to examine into the
affairs of the company which recently went into » receivers'
hands: Theo. Fluhart, S. H. Carr and George W. Wood.—
V.
Valley
76, p. 972.
of the firm of Coxe Bros.
Co., anthracite coal
operators, has been elected a director to succeed Norman B.
Ream, who found it impossible to fill the office, owing to the
pressure of other duties.— V. 80, p. 117.
a
& Hartford RR, below— V. 80, p 117.
KR —See Missouri River & Northwestern
ers'
Compare V.
enterprise.
78, p. 1549.
Con8olid»ted
LXXX.
La Crosse & Sontbeagtern (Electric) Rj.— Property Tranaferrei.—New Mortgage.— Thia company on Dae. 13, 1904,
took title to the property and franchises of the La Crosse &
Southeastern Railroad, and made a mortgage to the Wisconsin Trust & Securiry Co. of Milwaukee, as trustee, to secure
an issue of $1. 000,000 bonds. Tne line was recently completed between Stoldard and V'iroqaa, Wis 20 miles, and is
proj icted to Li Crosse.
W. W, Cargiil is at the head of the
—
York New Haven
[YOJj.
1904
1903
$19,470,531
18,853,230
$S.f)49,048
$346.8 iS $3,320,»77 $1,074,909
700.507
3,316,794
3,418,632
Dividends of 3 per cent call for $1,800,000 in 1904. asrainst
$1,500,000 {2% per cent) in 1903, leaving surplus of $2,274,939
in 1904, against $1,918,622 in 1903.— V. 80, p. 163.
,
6,034,909
80, p. 117.
Maryland JJelaware &Tirgiiiia Ry,— See Qasen Anne's
Darun^o Albnqierqae k Galf RB.— See Albuquerque RR. below.— V. 80, p. 117.
Eistern Ry.
Mexican Southern Ry.— Redemption of Bowd«.— The diErie B.K.— Equipment Bonds. — The equipment agreement rectors have made a provisional arrangement with the Mexbetween this company and the Standard Steel Car Co., secor- ican Governmant for the redemption of the subvention
ing thfc $1,600,000 of 4 p. c. gold bonds recently off-ired by bonds on Jiu. 31 in London in gold at an agreed rate of exFarsoTi, Leach & Co., has baen filed, the Bankers' Trust Co
change, with interest at 6 p. c, per annum to June 1, 1905,
New York, being trustee. The bands, which CDver 2,000 subj -^ct to a rebate in consideration of pre-payment. This
steel cars, mature |1 60,000 semi-annually, beginning June 1
arrangement, if sanctioned, will provide more than sufficient
next. Compare V. 79, p. 2455.—V. 79, p. 2697.
to redeem the whole of the outstanding 4 p. c. first mortgage
Fort Wayne Van Wert & Lima Traction Co.—Status.— debenture srock, and it is the board's intention to redeem the
This company is incorporated under the laws of Indiana stock accordiogly on Feb. 1 next. Meetings of the debenture
,
with authorized caplial stock of |2, 000,000 and an authorized bond issue of $2,000,000; only part of the stock or bonds
has been iesued. The line is designed to extend from L^ma,
Ohio, to Fort Wayne, Indiana, 60 miles. Is is in operation
one-half of tbe distance, from Lima to Van W«rt, through
the towns of Eiida, Delphos and Middlepoint. The remainder of the lin*i has been graded and fenced and bridges conDivi? J. Cable of Cable
Parmenter, attorneys
strncter?.
of Lima, O , writes:
The entire line Is upon private right of way, 40 feet wide and more.
It Is free from carves and gradea, and paeses the Penasylvanla tracks
by overhead bridges. Is a high class Itne anl will sarre a heavy population. It h».8 net been in operation long enough to make a reliable
statement of earnings. It. however, has greatly exoeeddd In earnings
the estimate upon the oompleted section.
stockholders were to be held on Jan. 13 to approve this arrangement, the second debenture holders also to be asked to
agree to the surplus moneys, amounting to about £^5. 000,
being applied to the capital purposes of the company instead
of to the redemption of the second mortgage debenture
stock.— V. 79, p. 2642,
Missouri Kansas & Texas Railway Co.—Bonds.—The
first and refunding mortgage of Sept. 1, 1904, secures |40,000,000 4 p. c. gold bonds due Sapt. 1, 2)04, with mt option of
earlier redemption; Farmers' Loin & Trust Co, mortgage
trustee.
The bonds are payable either In United States
money, $1,000, or in sterling, £305 153. 15 2-lOd., or in marks,
Interest is payable at
4,200 D R. W., or in francs, 5,180.
the office of the company in New York City or its agencies
in London, Barlin and Paris.
V. 79, p, 3466.
&
Ge<r>rgia
Florida
—
& Al<ibama Rf.—Mortgage.—This com-
pany's morrgage to the Manhattan Trust Co., as trustee, secures $1,100,000 50 year 5 p. c. gold bonds of $1,000 each,
dated July 1, 1904, and due July 1, 1954, without option of
earlier redemption; interest payable Jan. 1 and July 1 at
There are |550,000 of prior liens, which
office of trustee.
have been or are to be retired at ones; the remainder of th»
issue is lobe used for extensions and the purchase of the
Carrabelle Tallahassee & Georgia RR.— V. 79, p. 2085.
Hadson (Tunnel) Companies.— Oncers.— The following
directors and officers are announced:
Directors— Walter G. Oakman. WUllam G. MoAdoo, William Barclay
Parsons, John W S;mp">()n. WiMam O Line. Frederick B. Jennings,
Anthony N. Brady, Andrew Fresdmtn, Gardiner M. Lane, Cornelius
Vanderbllt. Piiny Fl-k, William M Barnam.
Oflacsersi— Walter O. Oakman, President; Charles M. Jacobs, Chief
Missouri River* Northwestern RB.—iBeor(/ani«e(i Comc impaay, a reorganization In 1994 of the Dakota
Pacific R.R, (V. 77, p. 2383), has under construction a 35mile
pany.—Th\»
from Rapid City
was completed June 1,
to Mystic, S. Dak., of which 8 miles
Capital stock $500,000 each of
oommon and 4 p. Cc cumulative preferred, all outstanding;
par of shares $100.
mortgage to the Cleveland Trust Co.
as trustee secures $1,000,000 of 5 p. c gold bonds ($700,000
outstanding) due Jun^^ 1, 1944, but 8ubj->ct to call at 105 after
June 1, 1914. H. E Hives is Chairman of the board of directors with offices at Cleveland and Naw York. Transfer
Agents, W, J. Hayes
Sons, Cleveland and Boston. President, C. D. Crouch, Rapid City, 8. D:ik.
line
1904.
A
&
Moant Washington (Pa.) Street Ry.—Listeiin
Engineer; J V. Dtivies. iJepntv Chief Eniflneer; WUllam Barnlay
Parsons, ConenlTlDg Englnaer; Honry A. Marray, Treaaarer; Kan
yon B. CongtT, Secretary.
Executive Committee— Wa'ter G Oiknoan, WUllam G. MoAdoo, AnBarnum.
drew Freedman, Pliny Flsk and Wuiiam
Philadel-
-Toe $1,500,000 5 p. c. gold bonds of Apr. 1, 1933,
been listed on the Philadelphia Stock Exchange.— V.
delphia.
h-ive
M
76, p. 1143.
Lane and Vander
New Jersey & PennsylTania RR.— Mortgage.— Thi'i comRapid Transit Co,, pany, formed on Djc. 2i by consolidatiou of the R ickaway
between the systems, which will Valley Ry. and the new Speedwell Like RR,, has made a
D.rectors Gib man, Parsons, Freeiman,
bilt are also directors ot the laterborougli
ensuring cordial relations
have two points of connection.
mortgage to the Corporation Trust Co. of New Jersey, as trus
Mr. MoAdoo conttLues as President of both the New York tee, to secure $1,000 000 of 5 p. c 25-ye*r g^n^ral mortgage
& Jersey and the Hadson & Manhaitan Riilway companies. gold bonds of $1,0^0 each, dated Jan. 1, 190 interest payable
Instalment Called. -H*rvev Fisk & Sons called on the 12th July 1 and Jan. 1. With these bonds it Is proposed to clear
inst. for the payment of the first instalment of 25 p. c. on the np a' once all outstanding indebtedness, iacluding the $125,preferred stock. See full particulars in V. 80, p. 162.
000 Rockaway Valley Ry. bonds due Apr. 1, 1906, most of
RR.— Extra Dividend la connection which are already retir.'d. The capital stock is $210,000 in
Illlnol8 Central
with the regnlfir eemi-annnal dividend of 3 p. c, payable shares of $100 each, $65,000 being In the treasury and the reMar. 1 to holders of record Feb. l,the board of dirtc ore mdnder having been exchanged, $ for $, for the stocks of the
^
^
>,
—
"resolved, that in recognition of the fact that the
company
has to-day declared its one hundredth semi-annaal cash dividend, and in commemoration thereof, there be made to the
stockholders an extra disrribution of one half of one per
cent, payabl'^- 8imult>4neoa8ly with the semi-annual dividend
jast declared."— V. 79, p. 2588,
loterboroaish Rapid Transit Co., New York.— Extennona.
—Regulfcir train
service was begun Monday mornluuj to the
Fulton- John Street station, as the southern termiuns, rending the completion of the road down Broadway. It is
thought that the line to the Battery will be ready for traffic
in two or three months, The extension under th>3 East
Rivet to Fiatbnsh Avenue railroad station, Brooklyn, Is
mabiog good progrehS, but will not be ready for operation
until S'lme time In 1907.~V. 80, i». 117.
JackHODTille Electric Co.— First Dividend on Common
Stone & Wtb^er annoonce the U'jual semiannual dividend
of $8 per share ou the |200,000 pretVrrrd stock and alfio a
first dividend of |2 p r share on th^) $8'J0,003 common sto.;k,
both pajable to stocknold^Ts of record Jan. 20, 1905, Compare page 2512 of Street Railway Section.— V. 76, p. 212.
constituent companies.
1901 wer-» over $73,000.
The gross earnings for the year
Th^ coasolldated lla<^ expends from
Wolieh
)use to Morristown, N. J., 2 5 miles. Tn-^ officers are:
President, Charlea L. Jaoobaa, Brooklyn; Vice Prealdent, John W.
Wihur. Brooklvn; Secretary and Treasurer, I^oul^ E. 8p"noer, New
York; Ezra A. Tattle, Cliarlea N. Flint and l>i)nald B. Touow. all of
New York, and Poter Latourette, Wliltehouae Station, N. J. Offloe, 87
Wall
Strtjet,
New
York.
—
New Orieaiis Rttilwaj'S Co.— Uaderuriting Agreement.
The ''Now Oflaaus Times Damocrat" of Jau. 12 c mraiDS the
the underwriting agreement of May 6, 1902, to
wdi'h reference has been made in recant issues of the
fall text of
CnaoNiCLE— V. 80, p. 163, 117.
>ew lorii Central & Hudsoa River RR.—Acqiisitiona.—
Annouaccment was muds on Jin. 18 thatconir)! had besn
purchased of two companies, operating in the aggregate 471
miles of road, which for several years past have been largely
owot-d by W, Seward WrfOb, their Pi>8ident, vz the Ratland RR. Co. and the St, L iwrence & Ailrondick Rv (These
propnt lies ar« dfscrlbed on page 18)9 of the Railway & Industrial Section far October, 1904, and the fdot* n gudlng
thoir control by Mr. Webb wore given in the Chronicle, V.
.
—
Jan. 21, 1905.
and V.
74, p. 1090,
:
THE CHRONICLE.
|
Directors and ofiacers
75, p. 78).
New Directors —William K. Vanderbllt, EC. McK. Twcmblr, J. P.
Morgan, William ocSefeller, James StlUman and W. H. Newman.
0:d Directors Remaining.— W. Seward Webb, Chauncey M. Depew,
Olln Merrill, Olemeat Prootor, P. W, Clement. F. D. Prootor and
B. F. Payne.
slter.
W. H. Newman; Vice
Presidents, E. V. W. KosBrown, John Carstensen and W. J. Wllgue; Assistant
Pardee, and Assistant Treasurer, E. L. Rosslter.
OflScers —President,
W. O
W.
Clerk, D.
8T,
LAWBBKCK & ADIRONDACK.
Rutland RR.
New Directors.- Same as for
(jaeen Anne's
:
KCTLAKD BAILROAD.
Old Directors Remaining.— W. Seward Webb and O. M. Depew.
Offioera.— Same as for Rutland RR., except that D. W. Pardee is Secretary and E. L. Rosslter, Treasurer.
223
RR.— Reorganization. — Authoritative
is
at
Jan. 27, will be capitalized as follows:
Common
stcok
$1,500,000
Preferred stock, 4 per cent non- cumulative
1,500,000
First mortgage 5 p. o. 50-year gold bonds. Interest payable
in Feb. and Aug., both principal and Interest gaaracteed
by the Baltimore Chesapeake & Atlantic Ry which will
own a majority of the stock (V. 80, p. 116) authorized.... 2,000,000
Prior lieu bonds of Queen Anne RB. undisturbed
330,000
,
The deposited securities of the Qaeen
be treated as follows:
Anne RR.
Bonds peered.— Harvey Fiek & Sons are offering at 101
Each $1,000 principal of—
and int., by advertisement on anottier page, $3,000,000 80-year Consol. 5 p. c. bonds (Issue, $865,000)
4 p. c. debenture gold bonds due May, 1934; authorized Income bonds (Issue, $600,0C0)
Common stock (authorized issue, $3,000,000)
issue, |50>000,OCO; outstanding, $30,000,000.— V. 80, p. 117.
-V.
Lonis UB,.— Annual Dividends,—
The company has declared the usual dividends of 5 p. c. on
the first preferred stock and 3 p. c. on the second preferred
stock, both payable Mar. 1. See annual statement on p. 219.
Ntw Offlcer.— D.W. Pardee tas been elected Secretary,
succeeding Charles F. Cox, resigned.^-V. 78, p. 1779.
New York New Haven & Hartford Railroad.— Fwrchme of Trolley Line. This company's eubsidiary, the
Consolidated (Electric) Railway Co., has contracted to purchase a majority of the stock of the Berkshire Street Ry.
Co., which operates from Pittefield to Great Barriugton, 42
miles. Payment for the stock, it is said, will be made in bonds
bearing 3 p. c. per annum for a number of years and later
SJ4 p. c, but this is not coLfirmed.
Cassatt, President
iVeitf i?irec/ora.— As foreshadowed A.J
of the Pennsylvania RR., and Percy R. Todd have been
New York Chicago &
St.
—
elected directors.
Imprrvements.—Blda are asked for the four- tracking, etc.,
of (he Harlem River Branch. The cost is estimated at about
$5,000,000.— V. 80, p. 117.
In-
hand regarding the terms of the reorganization.
The new company, the Maryland Delaware & Virginia
Ry. Co., which will be organized after the foreclosure sale on
formation
Co. will
Rective*
new pre/.
$1,200
50
10
80, p. 118.
'iM
Rutland KR.— Change in Control.— Qee New York Central
& Hudson River RR. above.— V. 79, p. 1966.
St. Lawrence & Adirondatk Rr.— Chance in Control.—
See New York Central & Hadson River RR. above.— V. 75,
p. 794.
Santa Fe Central Ry.— See Albuquerque Eastern Ry.—
—V.
75, p. 188.
Seaboard Air Line Rj.—Mr, Williams's Cbjections.—Former President John Skelton Williams of Richmond has
issued a statement criticising in some particulars the plaa
which was published last week. Chit fly he calls in question
the need of the new money provided, and depreciates as unjust the assessment of the stock.
South
field
& Western Rj.— Change
Compare V.
80, p. 164, 118.
in Control.— Sse Clinch-
Corporation under Industrials, below.— V. 80,
p. 118.
Traetion Co.— Chavge in Control.—
this company's $400,000 capital stock
is reported to have been purchased by local (Springfield)
oapitalifitfl, including W. B. Sanford, L, H. Harry and H. B.
McDaniel. The new owners, it is said, will purchase a rival
Springfield
(iffo.)
A majority ($270,000) of
New York & Ottawa Ry. Successor Co7?ipar?y.—This company has been incorporated at Albany with $1,250,000 author- company.
ized capital stock as euecessor of the New York & Ottawa
Acquisition. This
Texas & Golf Ry.—
RR recently foreclosed, and purchased by the N. Y. Cen- pany, incorporated in^eto Company—gives notice that itcomTexas in 1904,
has
Directors
tral & H. R. RR.
William K. Vanderbllt, J. Plerpcnt Morgan, H. McK. Twombly, acquired by purchase as of Dda. 30, 1904, the Texas Sabine
William Rockefeller, James Stlllman, Frederick W. Vanderbllt, Valley & Northwestern Ry. and the Marshall Tlmpson &
Cbauccy M. Depew, Samuel F. Barger and William H. Newman.
Sabine Pass Ry. (operated by the Texas Sabine Valley &
Northwestern), together running from Longview to TimpCompare V. 79, p. 2796.
Ncrthern Pacific Terminal Co.— Called Bonis.— Twenty- son, Tex,, 60 miles. The new company is extending the road
seven ($27,0C0) first mort2;age bonds of 1883 have been drawn from Timpson south 40 miles. No bond?, new or o!d, Capiand will be redeemed by the Farmers' Loan & Trust Co. on tal stfck authorized and outstanding, $400,000. President,
G. M. D. Grigsby; Vice-President, W. B. Ward
Secretary
Feb. 6, 1905, at 110 and accrued interest.- V. 79, p. 270.
and Treasurer, F. T. Rembert. Office, Longview, Tex.
Northern Railway of Costa Rica.— Zea«e.— This com*
Texas Sabise Valley & Northwestern Ry.— See Texas &
pany, controlled by the United Fruit Company, has arranged to lease for eighty-five years the Ccsta Rica Rail- Gulf Ry. above.- V. 73, p, 139.
Trinity & Brazos Valley Rj.—Bonds.— A press dispatch
way, which extends from Port Limon via Cartago and
San Jose to Alsjuela, with branches, a total of 137 miles. states that the Texas Riilroad Commission has approved the
The lease was ratified by the stockholders of the Costa Rica issuing of bonds at $20,000 per mile on the 79 miles of road
Railway Co. last week. Is will go into effect on July 1 next, in operation from Cleburne to Mexia, Tex.— V. 79, p, 214.
and will continue for the remainder of the concession held
Ubited Railways & Electric Co., BaliimQTe.— Guaranteed
by the Costa Rica Railway Co., viz,, 99 years from 1st Jan- Bonds Offered.— See Baltimore Sparrows Point & Chesauary, 1891, less the last two months, for the following peake Ry. above.— V. 79, p. 2643.
payments
Dtica & Mohawk Valley Rj.— Bonds Offered.— TH. W. HarA13 1,100 lor each of the two years ending 30th Jcne, 1907; £135,600 for each of the two years ending 30th June, 1909; £14(>,lu0for ris & Co. are offering by advertisement on another page
the year 1909-10, £144,600 for the year 1910-11, and £149,100 for $350,000 first and refunding mortgage i^ p. c. gold bonds,
the ye*r 1911-12 and each yetir thereafter. These payments will be dated Sept.
This company, which
1, 1901; due Sept. 1, 1941.
guaranteed by the deposit with trustees of the $1,000,000 capital
stock of the Northern Company. The Costa Rloa Ry. will have the operates 10377 miles of street railway In Utica and the thick-
—
,
:
;
:
right to Issue £400,000 additional 5 per cent prior mortgage debentures, but the consent of the Northern Company will be necessary for
the issue of the last £^0.000 of this amount.
This leasw will enable the United Fruit Co. to give through
lading Tiy its own transportation lines frcm New
Orleans to points on the western coast of Central America,
via Port L'.mon and San Jose, and to Panta Arenas on the
Pacific Coast cf Coata Rica also to ship materials for the
Panama Canal from the north as well as New Orleans to
Colon and thence via above route to Panama.— V. 78, p. 288,
Ore§ron Short Line RB.—Bonds Be-? oW.— The $40,000,000 of
25-year refunding bonds sold to Kuhn, Loeb & Co., have all
been re-eold.- V. 79, p. 2148.
PenEsylvsnia Co.— Bonds Re-sold.— The $15,000,000 of 40year guaranteed trust certificates, Series C and D, recently
purchased by Kuhn, Loeb & Co., have all been re-sold.— V.
bills of
;
79, p. 2797.
Pere Marquette RR.— Ouer-Sw6scri5ed.— R dmond & Co.
announce that the $8,000,000 bonds offered by them were
largely over-subscribed.
Compare
V. 80, p. 183.
I'ittsbargh.— Lwfed in Philadelphia.—
Philadelphia Co.,
The Philadelphia Stock Eicnange has listed |3£O,0UO alditional consolidated mortgage and collateral trust 5 p. c.
bonds of 1951, makicg $14,403,000 now on the list. See also
Mount Washicgtcn Street Ry. above.— V. 79, p. 2086.
Philadelphia Rhpid Transit Co.— Bond /a-cMe. —Director
A. B. Wid( ner is quoted as confirming the statement that
a mortgage will be made on the subway and elevated railway now being constructed in Market St. to secure an issue
P.
of $'.0,000,000 4 p. c. bonds. The bonds, it is said, will be
issued by the eubeidiary companies owning the franchises for
the new line. See article regarding the aforesaid lines, with
map and ilinstrations, in "Engineering News" of Dae, 29.—
V. 79, p. 2457.
populated Mohawk Valley, is controlled in the interest of
the New York Central & Hudson River RR. through the
ownership of a majority of its capital stock. "The franchises are, in opinion of counsel, unlimited in time, and the
company has one of the moat eubstanlially built and equipped
street railway systems in the United States." There are now
12,268,000 of these bonds outstanding. Price for those offered, 104 and interest.— V. 79, p. 735.
ly
Virgfinia & Soatheastern Ej.—New Enterprise.—Thia company was incorporated in Virginia in November, 1904, with
$10,000,000 authorized capital stock to build a railroad connecting with the Virginia
Southwestern Ry. (controlled
by the Virginia Iron, Coal
Coke Co.), through the counties
of Lee, Wise, Scott, Dickenson, Russell, Washington,
&
&
Smythe, Tazewell, Bland, Giles and Wytbe. Construction
has not yet begun. Directors (mostly identified with the
Virginia Iron Coal & Coke Co. ) are
Henry K. MoHarg (President), Stamford, Conn; Oliver H. Payne,
Grant B. Schley and Payne Whitney. New York; Walton Ferguson,
Stamford, Conn.; J B. Newton and D. D. Hull Jr., Bristol. Va.-Tenn.
Wabhington Ballimore &
(Electric) Ry.-S'a^e.
—"Cleveland Finance" statesAnnapolispurchasers of this enthat the
terprise are John Sherwin and George T. Bishop of Cleveland, who propose to organize a new ocmpany, capitalized as
follows: Capital stock, §3,000,000; 12,000,000 Ist mortgages
p. c. gold bonds and $1,000,(00 2i mortgage 5 p. c. gold
bondp.
were informed recently that the details of the
"Fireorganization had not been definitely completed.
nance," howiver, understands that at least a tentative
agreement has been prepared, providing as followe:
The Sherwin Bifthop syndicate win take the $2,ro0.000 first mortgage bonds and §2,000,000 of stock at 9f), the money to be used in
oompieting the road. The subscribers to the Washington Bahlmore
& Annapolis underwriting will receive 50 p c. of the money aoiually
paid in, in second mortgage bonds and tOp. c. in stock. The Washington Berwyn & Laurel bondholders will receive 100 p. o. second mort-
We
THE CHRONICLE.
224
ga^e bonds. aid it la nnderatood that thr^ steam road will reosl^e 100
p. o. ol ;he second mortgage bonds aou 125 p. o. of oommon stock.
AccordJEg to another statement, the capltHl'zation of the
new company x^^ill be as followf-: Stoclr, $4 000,000; flcat
mortgage 4J^ per cent 30 year gold bonds, |3, 000, 000 (offered to underwriters in Cleveland at 95), and |1,000,000 Sad
mor'gsge il4 P* c. 25-year gold bonds.— V. 80, p. 118.
Weetfrn Mfirylaiid RR.—Agrefment with B.
&
O.
—The
brtught by Ebie company against the Baltimore & Ohio
RR. In September, 1908, for alleged diversion of traffic from
Cherry Eon Ri nte in violation of agreement of Dec. a3, 1889,
has been disKbissf d by the Court of Appeals, an agrac-meur,
having been re«ched by the ccntendirg parties. An official
statement ifBued by the Biltimore & Ohio says
The ffeot of the agree ment is to restore the relations existing before
suit
:
(
trtffle via the >Ve6tern Maryland railroad.
It doea
howevtr, ihe new agreement whereby a conneotlon was
made and tr^fflo Interchanged via the Cumberland Valley RR. at Martlnebnrg. The Baltimore & Ohio is thus provided with adaaloatletto
tke Central Pennsylvania territory, New York and New England. -V.
the withdrawal cf
not
:.fft!Ct,
79, p. 2797.
WorceBler Railways & Investmeat Ca.— Dividend Re
duced.—AB recommended in the recent annual report, the
trustees have reduced the semi- annual dividend from 2}4 to
2 p. c, a distribution of that amount having been declared
payable on Feb. 1, 1905, to ehareholders of record on Jan.
Compare V. 80, p. 160, 118.
20.
INDUSTRIAL. GAS AND MISCELLANEOUS.
Amalgamated Copper Co.— Extra Dividend.— The directors
on Thursday declared the ueual quarterly dividend of 14 of
1 p. c. and an extra dividend of >^ of 1 p. c, payable Pfb. 27
to holders of record Jan. 28. The capital stock is $153,888,000.
Previous dividends:
OtL, 1889, to Juhj, 1901.
8 p. c. yearly
Oct., '01.
Jan., '02.
1I9 p. o.
1 p.
May,
'02, to Nov., '04.
2 p.
.
a
yearly
!
VOU
LXXX,
which tre
8 p.
c.
to be canceled. The capitalization conslets of $',600 000
cumulative preferred stock and $8,500,000 common sock,
which has paid 4 p. 0. dividends since organization of 01 mpanylu 1WS9,
The property c nslsts of elx plants at Coplay arsd Nonhamuton, Pa.,
and Hannibal, Mo., for the manufacture of Portland cemeat. The
output of the combined plants at present is 6,8C0,'i00 barrels a year.
The purpose of the preeent issue is to complete the plant, fund the
floating debt i^nd Increase the capacivy bv July 1, 1905, to 35,0i
barrels daily, or more than 12,0c 0,COO barrels a ytar. The cot sumption
of the United States in 1904 Is estimated at 25,000,000 barrels.
After the proposed changes have been completed $l.'^,v 00,000 will
have been expended on the property.
Dlreciors-J. Rogers Maxwell (Preslt'ent), Alfonso d© Navarro,
Howard W. Maxwfil, Qeorije F. Baker. Henry Graves, J. F. de Navarro, George A. Morrison, V, G. Bourne, Hamnel Dlckeon. L. A.. Rtley,
E. H. Hurry, H. J. Seaman. Company's New York ( ffloe, 30 Broad s"t.
The actual bonds will be delivered March 1, 1905. The
Bankers' Trust Co of New York will be the mortgage truf tee.
V. 7f>, p. 186; V. 76, p. 974,
—
Bethlehem Steel Corporation.— 0^c«rs.— This company,
the successor of the United States Shipbuilding Co., announces the following officers and Directors:
President, Charles M Schwab; Vice-President, Edward M. Mollvaln;
Treasurer, Henry S. Snyder; Assistant Treasurer, John A. McGregor;
Comptroller. B. H. Jones.
Directors: Charles M. Schwab, Chairman; George R. Sheldon.Tbom&g
F. Ryar, Pliny Fisk, John E. Borne, o. W. Wetmore, Oliver Wren.
Archibald Johnston and Edward M. Mellvaln.
The new securities will be ready.for delivery in a few ilays.
The cotsolidation of several of the subeidiary plants aed
other economies are proposed. The company is now a going
concern and in possession of the property.— V. 80, p. 165.
Boston & Montana Consolidated Copper & Silver Mltiiii?
Co.— Dividend Iw creased. —This company, nearly all of
whose 13,750,000 stock Is owned by the Amalgamated Copper
Co. (see thatctmpany above) declared on Thursday a quarterly dividend of 40 p. c. ($10 per share, par |25).
Last year
the quarterly dividends were 8 p. c. each, with the possible
omission of the October distribution, but with extra payments of 12 p. c. in July and 200 p. c. in December, a total,
it is understood, of either 286 or 244 or 258 p. o.
DITIDKNDS (PBR CENT) PAID BY BOSTON & MONTANA CO.
See Boston & Montana Consolidated Copper & Silver Mining Co. bplow:
Niw C ^c«r8.— William G. Rockefeller has resigned on ac- 1904. 1903. 1902. 1901. 1900. 1899. 1898. 1897. 1«»0. 1895. 1894. 1891, 'BO. 'P9. '88
count ot poor health as a director as well as Secretary and 244. 32 2t
110
114
17a
84
48
40
28
8
10
S» 30 16
Treasurer of the company. He has been succeeded as Secre- — V. 79, p. 2644.
Cattarargns & Wyoming Water Supply Co.—Sate of
Assistant Treasurer F.
tary and Treasurer by A. H. Melin.
Plant to VtUoQe of Arcade.— ^e "State and City DepartP. Addicka has been made a Vice-President.— V. 79, p. 2644,
Amet ican Grags Twine Co.— Money from Former Direct- ment," page 234.
Chicagro Telephone Co.- -JSeport.—The results for the year
ors.— Certain former directors of the company, we learn,
have paid into the treasury about $850,000 cash, representing ending Dec, 31 were:
unearned dividends declared while they were in office. ComYtar—
6ro$$.
Ket.
Div'ds,(\Opc.} Bal,sur.
$e,373,116
$1,563,616
$1,400,000
$163,616
pare decision under "American Malting Co." in V. 79, 1904
1908
5,534,590
1,421,344
1,274,835
14«,609
p. 2569.- V. 79, p. 2088.
New Director.— Charles E. Mosley, Secretary of the comAmerican Iron & Steel MaBufactarlngr Co.— Reduction of pany, has been elcoted a director in place of
Joseph P. Davis.
Stock. The shareholders will meet at Lebanon, Pa., Ftb.
V. 79, p. 154.
27, to vote on reducing the common stock from $17,000, COO to
Clinchfield Corporation. Sa/e.— This company's hold$9,650,000 and the number of the common shares from 840,ings, including its Interest in the South & Western Ry. and
000 to 51 ,C00, par $50. See V. 79, 2644.
Crane's Nest coal properties, has been sold for a sum
American Shipbuilding Co. No Dividend on Common the
stated aa $2.448,333— subject to the underlying bonds aggreStock.— The directors on Wednesday decided to declare no
gating $1,160,000— to George L. Carter, the President of the
dividend at present on tne common stock. In view of this
South & Western Ry. Mr. Carter represents in this transfact suit was brought in the Common Pleas Court at Cleveaction, it is understood, Engene Zimmerman and H. B. Holland on Thursday by Carl Dautel, for himself and other
lins & Co., who control the Cincinnati Hamilton Sc Dayton
stcckholders, asking for a mandamus requiring the directors
and the Detroit Southern RR.
to make a dis'.ributlon to the common shareholders from the
Mr. Carter, it is stated, acquires the entire paid-up capital
accumulated surplus.
stock, $3,350,000, of the Clinchfield Corporation. He has
Orders. The company has recently received a considerable
number of large orders, a press dispatch on Jan. 6 saying: paid $10,000 in cash on account of the purchase, and agrees
railway property
within
"The company's contracts on hand call for 17 boats, none of to expend on the months the sum of for betterments is
the next thirteen
tore$500,000, which
which is less than 8,000 tons, the total cost aggregating
vert to the sellers in case he falls to carry out his contract.
$6,800,000."— V. 79, p. 1639.
Upon the completion of the betterments Mr. Carter, it is
American Steel Foniidries.— -4fgt/tst«o».— The company said, will have the right to pay the remainder of tho purmakes the followicg announcement:
chase money in 50 year 4 p. c. gold bonds to the amount of
The American Steel Foundries has acquired, substantially, all the $3,3.:0,C00 (redeemable on Eofcice), tho first coupon maturing
shares of stock r.f the Simplex Railway Appliance Co. of Chicago, and
Jan. 1, 1907.
has arranged to conilnne the ora;atilz»il'jn of that company and tho
Tho facts regarding the organization of the Clinchfield
Preelc^ent of the oompauy, Mr. Kelley, la to become one f tlie VioePresldents of the American Steel Foundries and a member of the Ex- corporation and the properties were given in a circular as
—
—
—
1
ecutive Committee. By this acquisition a v<^ry material Increase lu
the eainlitg capacity ul this company Is assured.
The puichaee repreiients sn outlay of about $1,000, COO, but
no further details regarding the matter have been made public.
The Chicago company was engaged in the macuf'aciure
of steel bolsters and brake-beams for railway equipment,
also car and locomotive springs.— V. 79, p. 1463.
American (Bell) Telephone & Telegraph Co.— Output.—
The output of instruments for the month and 12 months
enCing Dec. 31 was
Month1904.
Gross output (number)
Netontpni (nnmbei)
Total oiithtandlng (number)
—^
'903.
12?,285 88,947
72,387 49,269
11 months.
1!04.
1903.
1,216,576 1,109,88m
,
701,0*7
4,480,864
& Co. cffer the
A circular says
Dodge
.
«29,l;)'7
3,779,517
balance ($1,900,COO) at 105 and inter-
Bonds dated March 1, igCS, and due March 1, 1925, but redeemable
llOand Interest on any Interest day on hIx months' notice; interest
payable .Sept. I and March 1. A sinking fund provides for the lellrement of $iOO,Ouo bonds atmually at not exceeding IIO p 0. and interest; bonds to be drawn by lot if not fferert at price stated. Total
Itsue, $1^,000,000, of which to retire an c qusil amouut ot 6 p. c. debentures untBtaudlng, $2,100,0(0; for Iraprovements and addltloi s to
at
<
plaBt, $2,900.01.0.
I
i
i
-V. 79, p. 2798.
Alias Portland Cement Co.—jBoKds.— The shureholders
will vote Frtb. 16 on a proposition to authorize an issue of
$5,0GO,00O first mortgage 6 p. c. sinking fund gold bonds.
The ccmpany having sold $1,000,000 of the bonriF, Clurk,
est.
The Clinchfleld Corporation was formed to takeover the properties held by
the Union Trust Co., syndicaie inHnaKer, for wlial is known as the Crane's jN'est
syndicate, not as ac ordinary purch se, out to place the old syndicate upon a
belter lootint! to handle the situation, which htd become UisoiKauizeil and
crliicul. In October, v-Of, the slti alloii was acccniuatea by the receivership
of the Union Trust o. After other off risthe Cliuchlleld was launched and
made coiitrao s with (}eor«e Ij. Carter, who h .d constrncted some 2ri miles of
railway needed by the South & Wet tern Ilr. and with tne Unlin Trust Co.,
both or which svi re in lire with the rians of the corporation. 1,'ndor the Carter contract the corpoial ion icqulred the SJ6 miles 'f rulriad ai,d some terminal properties at Southport, N. C near the mjuth of the Cape linear Klver,at
a total cost of $'i:i»',Oi)0 at par in the stock of tho corporation. Mr. Carter hnd
subscribed to he old syndicate $10' ,00(i. on whi'h $lOO,oou had been paid. Mr.
Carier subscribed to this corporation SIOO.lOU, which with above made hia a
,
:
,
foilov:"?:
There are $1,400,000 debentures in the treasury.
subscriber in
all
to
.'STHfl.OOO.
LIn<ler the com r.ict with the syndicate luauacor the ClinchUold corporation
takes over tho piopcrties of the Crane's Nest syndicate, oousisiiiiu of the
shares of stuck of the railway and coal compiinles, respectively, and pays off
the oi>llKatioi.s «nd debts of tho syndicate. In addition to thus the corporation
K;ves to its ( wn subscribers 'D«id-up stock. The two companies, however.owed
lioatinK debts ot Lver tl» 0,000 in addition to their underlying bonds ot about
|1,1.")0,0&0.
Mr. Carter assumes all responsibility for exteneions on the
couiUtion that the corporation shall call in its whole capital
Ktcck, pfly off the old syndicate obligations and apply the remainder to the needs of the company. See "Baltimore Suu"
ol Jan. 18 for further faots.-V. 80, p. 118.
Commoicvieulth Ekctric Co., Chicago.— Bonds Offtred.—
N. W. Han is & C->. are offering $500,000 first mortgage gold
5s maturing June 1, 1943, interest payable March 1 and Sept.
Denomination, $1,000. The company is controlled by the
1.
Chicago Edieon Co., iho two companies controlling the entire
"The Commonwealth Blectric
electric-lighting oi Chicago.
—
THE CHRONICLE.
JAN. 21, 1905.J
Co. operates under a liberal fifty-year franchise granting the
right to use streets and alleys in every part of Chicago until
Jane, 1947." Price for bonds offered. 108^ and interest.
Compare V.
79, p. 214,
272.— V.
79, p. 272.
225
The present price of electrolytic copper Is 15 to 15>4 cents par
pound, with every Indication of a coutlnuini< active market. The cost
of producing copper for the month ol November, f o. b. Cananea, was
7-S3 ct8. p«r lb., equaling 9 ots. laid d.,wn In New York with ail expenaes paid.
General Manager D wight advises as that all work Is being prosecuted
regularly at ihe mines, and that devflopments continue to be extremely satisfactory. A crush In the large ore body of tte Veda Grande
closed up several chutes early In December, which reduced the export
ore shipped during the past month. The reopening of the chutes is
At the concentrator, Section O went Into
practically completed.
prices.
.
Cominonwealtli Power Co., Jackson, Battle Creek and
Kalamazoo, Mich.— Sowds O^ered.— N. W. Harris & Co.
and Perry, CofSn & Burr are offering at 101 and infeiest
$1,200,000 first mortgage 5 p. c. gold bonds, dated Dec. 1,
1904, due Dec. 1. 1924, without option of prior payment; in- operation Jan. 10; Section D. the last of the four sections of the concentrator, will come In In a few days. In view of many rumors relatterest payable Jane 1 and Deo. 1 in Chicago or New York; ing to change of control, etc., it Is but justice to eay that the closing of
denomination, $1,000. First Trust & Savings Bink, Chicaero, the books for the payment of the last dividend shows that the stock is
trustee. All the underlying bondp, we are informed, have more widely distributed than It It ever has been, two of the largest
holdings In the company having been marketed during the past month
been retired.
Rnd gone into the hands of many small Investors. The prf sent manCapital f took anthorJzpd $4,000,000, of which $1,500,000 preferred;
common $1,400,000, preferred $1,0C0,C00. First mortgagei
bonds authorized $4,000,000, of which issued $1,200,000; In escrow
nnder oonsfrvatlve restrictions for acquiring other plants, development of water power and other permanent extensions, $2,60^,000.
BarningB for year ecdlng Nov. 30, 1904: Gross receipts, $260,18P;
operating expenses, Inoindlrg taxes and Insurance, $112,43,5; net
earnlnjfe, »147,'753; interest on $1,200,000 bonds, $60,000; surplus,
$87,753. The preferred stock Is 5 p. c. cumulative; par of shares $iOO.
Owns and operates electric Ught and power properties In Jackson,
Battle Greek, Kalamezoo. etc., Mich. -serving in all a population of
abont 90,0( 0. Its water power stations on the Kalamazoo River contain electrical machinery of about f>,700 horse-power oapaoliv; auxiliary steam stations In Kalamazoo, Battle Creek and Jackson, about
2,600 horee-power capacity. Has contracts for street lighting excepting In Kaimezoo, where there Is a manlclpal plant, and Battle
Creek, where another oompar.y does about one third the city lighting;
has long term contracts for furnishing power to the street railways
operating In and between Jackeon, Battle Creek and Kalamazoo. Annual sinking fund from 1909-1914 an amount eqnal to 2 p. o. of the
pwr Yftlne of ontstKudlng bond?: 1914-1919, 3 p. c 1919-1924, 4 p. o ;
to be Invested by the trustee In the bonds of this Issue If they can be
bought at a price yielding at least 4 p. o.; otherwise In other first
mortgage bonds; or the company may, with the consent of N. W.
Harris & Co., make permanent extensions or additions in lieu of this
sinking fund payment.
ISBued,
;
We understand that the company consolidates the Kalamazoo Valley Electric Co., which was the direct owner of one
water-power plant, the commercial electric-light plants at
Kalamazoo, Otsego and Galesburg, and the transmission line
from the power plant near Allegan, 100 miles to Jackson,
with the power plants operated by it underlease, viz., Otsego
plant and Plainwell plant also electric-light plants at Battle
Creek, Albion and Jackson, Compare Kalamazoo Valley
Electric Co. in Chronicle, V. 79, p, 106.— V. 79, p. 2459.
Ccnsclldated Car Heating Co. No Extra Dividfnd. This
company declared last week the regular semiannual dividend of 1^ p. c, payable Feb. 1, but suspended the payment
;
—
of extra dividends because of the proposed construction of an
addition to its factory to provide for the manufacture of a
new electric apparatus for steam railroad cars.— V. 78, p. 1111.
Consolidation Coal Co., Maryland.—Diviieradf.— The dl_
on Thursday declared the regular annual dividend of'
2 p. 0. and an extra dividend of 2 p. c, being the same
amounts declared last January, both payable Feb. 1 to holders of record Jan. 23. See Fairmont Coal Co. below.—
V. 79, p. 2699,
Diamond State Steel Co., Wilmlngtoa, Ji&l.— Reorganization Matters.— Ati a meeting at Wilmington, Del., on Jan. 5,
the following reorganization committee was appoioted by
creditors, stockholders and bondholders: H. H. Haines.
George W. Todd, Robert Whitaker, David H. Ross and
Jacob H. Lewis. The committee issued a circular under
date of Jan. 13, 1905, regarding the prospects of the property.
The committee states that the necessary workicg cap
ital is already assured through a plan that will not take priority over the first mortgage bonds. On Jan, 11 the receivers
sent out a letter in opposition to the reorganization committee.
This week Philadelphia and other creditors issued a circular to the creditors asking support for a plan to assure all
claimants ICO cents on the dollar, a meeticg regarding the
matter to be held Jan. 20. This latter circular was signed
by Henry A. Hitner & Sons, Morris Weil & Sons, Keystone
Coal & Coke Co., etc— V. 79, p. 2699.
Eleetrie Co. ct America.— Dividends Increased,— The directors last week declared a semi-aniiual dividend of d}4 P.c,
thus placing the stock on a 7 p. c. basis, as againtt 6 p. c. in
1903 and 1904,- V. 79, p, 106.
Fairmont roal Co.— Extra Dimderjd.— This company, t f
whose $12,000,000 stock |6,700,000 is owned by the Consolidation Goal Co. of Maryland, has declared its second snoual
dividend of 2 p. c, also an extra dividend of I p, c both
payable Frib. 1 to the holders of record Jan. 27. Last February tbe distribution was 3 p. c, with no extra.— V. 79,
rectors
,
p. 2699.
Pall
agement owns and controls more stock
to day than at any previous
time in the last three years.
Divider; d No. 9 was paid Dfc. 20th, making $1,775,200 paid
out in dividecds to date.—V. 79, p. 2459.
International Mercantile Marine Co.—DifficuUies Adjusted.— It was announced in Liverpool on Jan. 14 that all
differences between this company and the Cunard Steamship Co, , excf pting on Mediterranean business, had been adjusted, and that steerage rates would be restored to substattially the old baaia.— V. 79, p. 2645.
International Pf per Co.— iViet* Jforfgraflre.— This company
has filed its new mortgage to the Colonial Trust Co. of New
York, as trustee, securing |10,000,000 of 5 p. c. convertible
gold bonds of $1,0C0 each dated Jan. 1, 1905, due Jan. 1,
1935; interest payable July 1 and Jan. 1. The present Issue,
$5,000,000, was (ffered at 90 to the stockholders who subscribed for about one-half, the entire block being underwritten by a syndicate headed by Flower & Co. The purposes of the issue were given In the Chboniclb of Dec. 31,
1904, page 2699.— V. 80, p. 119.
Kalamazoo Yalley Electric GQi.—Su,cee8sor Company, —Sq^
Commonwealth Power Co. above,— V. 79, p, 106.
Lackawanna Steel Qo.— Consolidated Mortgage,— It is proposed to create a first consolidated mortgage to secure $30,000,0C0 of 30 year 5 p. c. bonds. This mortgage will cover
all the property of the company covered by the first mortgage
of 1903" (sut ject to the prior Hen of said mortgage), the
stock of the Negaunee mine owned by the Lackawanna Steel
Co, and all the property acquired with the proceeds of the
,
first
consolidated mortgage bonds.
The mortgage
trustee
will be appointed after conference with the bankers who will
take charge of this issue.
The new bonds will be applicable as follows:
APPLICATION OF PBOPOSBD $30,000,000 FJBST CON 0L8.
a. To be reserved for issue only npon payment or redemption of the present flr^it mortgafre bands, it being
agreed that no further bonds shall be issued under
the flrBt mortgage and that the $5,000,000 nnlssued
firsts be canceled
$15,000,000
b. To be avit.Uabie to secure 5 year notes, to be Issued to
an amount not exceeding $10,000,000
12,500.000
0. To be Issued only in payment for property hereafter to
proper corporate purposes,
be acquired or for other
as the board of directors may direct
2,500,000
Sale of Gold iVofe.*.— Referring to "b" above, it is proposed
for the present needs of the company to issue not exceeding
$10,000,000 of "Lackawanna Steel 5 p. c. Five- Year secured
Gold Notes," dated March
1,
1905,
and due March
1,
1910, to
be secured t-y $12,500,000 of the aforesaid first consolidated
mortgiige 5 p. c. gold bonds, or an amount thereof at all
timi s 25 D. c. in excess of the face value of the outstanding
notes. These notes are redeemable at the option of the company at par and interest on any interest day on 60 days' previous notice.
The entire block was sold to Speycr &
Co. and Kean, Van Cortlandt & Co. of this city, who announce {h«y have already re-sold the same.— V. 79, p. 2643.
Lobdeil He Balky Mannfactorlng Co., Oe away, Mich.—
Bonds Offered.— The Union Trust Co. of Detroit, the mortgage trustee, is placing at par the unsold portion of an
issue of $350,000 first mortgage 6 per cent guaranteed gold
serial bonds, the proceeds of which will enable Lobdeil &
Bailey to discharge all of its note indebtedness of 1315,000.
A circular says:
These bonds have as collateral 150,090,000 feet of standing hardwood timber valued at $6' 0,000 and utwards. The equipment, plwnt
and railroad coat $225,000 and are Insured for $/17,000. The bonds
are [dated Jan. 1, 1905] payable In 2^, 5, 71^ and lO yearp; sinking
fnnft of $2 50 per 1 ,«00 feet of timber cut wlU pay the bonds at maturity. Denomlnavionsof $100, $500 and $1,000. Principal and Interest are guaranteed j'.<li tly and severally by [dlreotorh] Ini ivldnal
guarantors. The company has a paid-up capital of $150,000. Owns
timber on '^7,400 acres of land In P;ef que Isle, Cheboygan, Montmorbeech, birch, maple, tamarack, cedar,
ency and Otsego conutles, viz
pine, spruce and Norway, (jommacds the American and foreign market lor bicycle wood rim strips and lumber— ihe annual sale amounting to 1,25C,0;0 pieces. Thla cat requires from 15 to 20 per cent of
the log, the remainder being manufactured into broom handles, flooring, stilngles, ties, rods, rounds and various other small articles.
The bonds are dated Jan, 1, 1905, and mature |38,C00 July
1, 1907, ^38,000 Jan. 1, 1910, $38,000 July 1, 1912, $236,000 Jan.
1, 19)5, bus are not sutject to call; Interest payable July 1
and Jan. 1 at Union Trust Co., Detroit, trustep.
:
River Cotton
mile.— Settlement cf .Strike.— The
operatives at Fall River, which be-
strike of the cottOQ mill
gan on July 25, 1904, against a reduction of 12^^ p. c. in
wagep, was settled at a conference at Boston on Jan. 18, the
operatives agreeing to return to work with wages on the recuced oasis. Ste remarks on p. 185, 231.— V. 79, p. 629.
Greene Consolidated Copper Vo.— Official Circular- Out-
put— No Chunge
in Con/rr/,— President, W. G, O-reene, in the
monthly circular dated Jan, 12, gives the following information:
Dec.,'C4.
iV^or.,'04.
SepL.'Oi.
Oct., '04.
Bullion
production
(pounds)
Notstated
6,030,588
5,793,789 5,068,275
Copper sold (pounds) 6,005.600
6,002,000 16,230,000 8,421,000
Average price (oentf)
15 12
14-247
12-778
13-262
The silver and gold prodacilon for October was 33,755-54 cz. of
silver and 283-183 oz. of gold. The company has sold no copper ahead
and la selling Its current monthly production, as produced, at market
Mcliolson File Co., ProTidence.— /'^crease of Capital
Sfccfc.— Application has been made to the General Assembly
of Rhode Island for an amendment to the act of incorporation to give the company authority to increa.se i' s capital
stock from $5,000,000 to $10,000,000.— V. 79, p. 1333.
Olds Motor Works, Detroit.— D.vidend.— The
"Tribuce" of Dae. 31 said:
It is stated that
$100,000 ou Jan.
Detroit
the directors of the Olds Motor works will disburse
a dividend of 5 p. o. on a oapltallzaUon of $^,000,-
1,
THE CHRONICLE
226
000. ProfltB for 1904 may exoaed $1,500,000. During 1903 the concern paid dlTldends aggregating 44 per cent on a capitalization of
^50,000, and on Oct. 31 of that year declared a stock dividend of
300 per cent.
The company mar uf actures the Oldsmobile.
Faclflc-Ameriran Fisherieg Co.— Sale.— At the
&
The company.
It is
lxxx
The contract with that corporation was terminated
and the new management is preparing to go into
the illuminating business on its own account. President
MJchF.els is quoted as sayicg
tric Co.
last fall,
:
receivers'
sale on Nov. 10 the properties of the Pacific-American Fisheries Co., the stock control of which was held by the Pacific
Packing
Navigation Oo. (see that company below), were
bid in by W. A. Peters of Seattle for $310,000. The sale was
snbsequently confirmed and the Pacific American Fisheries
Co. organ'zed under the laws of Maine with 1 1,500,000 capital stock, chi fly by Chicago men.
Officers:
F. J. Harris, President; B. B. Demlng, First Vice-President and
General Manager; J. G. Suydaclten, Second Vlce-Pretldent; J. L,
Demlncr, Secretary, and Samael Soatten. Treasurer. The Corporation
Trnst Co. of Portland, Me., represents the company In the East.
able scale.— V. 73,
[Vol.
understood, will operate on a consider-
p. 142.
Pflclfle PackiB^ & Nayigation Co.— Sale of Property.—
See Pacific Am-^rican Fisheries Co. below.
At the sale en Nov. 10 no bids were received for the properties of the Pacific Packing & Navigation Co. at the upset
price of $600,000. The upset price was later set aside and
the properties offered several times without obtaining bids
satisfactory to the court. The property will again be offered
y».t receivers' sale on Jan. 25 at Btlllugham, Washington, and
Juneau, Alaska.
To protect the interests of the creditors and debenture
holders at this sale, a committee has been formed coosisting
of George W. Fnirchild, J. Craig Havemeyer, James Talcott^,
Rudolph H. Kissel and Clinton R. Weeden, which has
lodged a depositary agreement with the Q-nardian Trust Co.,
New York. The committee is authorized to bid in the property at not exceeding $300,000.
After adjusting the receivers' obligations there are two
alternative plans open to the committee:
(1) To organize a new company with a capital of $3,500,000, divided
Into $500,000 7 p. 0. cumulaiive preferred stock and $3,000,000 common stock, all of which Is to be issaed in payment for the properties
We have given
out a contract for $250,000 worth of piping, which is
to be aelivered in forty-five days. We will be in a position by May 1st
to deliver gas within a certain radius
Our mains will take In the
territory bounded by Beach, Sacsome, Market and Powell streets, bat
our delivery will take in a greater portion than thl?. This will be the
beginning, and we will extfind to outlying portions of the city at as
early a date as possible
We are not going to confine our operations
entirely to gas. We have ordered an electric plant complete, and will
be In a position In a few months to distribute electricity.
The present price for gas in San Francisco is $1 per thousand
cubic feet.
Tremout & Saff<>Ik Mills.— Ditndend Passed.-This company, whioh in 1903 and 1904 paid semi-annual dividends at
the rate of 6 p. c. per annum on its $2,000,000 stock and in
1901 and 1902 4 p. c. and 8 p. c, respectively, has decided to
make no distribution at the present time. An official of the
company is quoted as saying
Our company, in common with New England mills in general, has
snffered in the past six months from the unfavorable conditions in the
cotton Industry.
Our business in the past half-year showed us no
:
profit, and, as a natural sequence, we passed our usual aeml-annual
dividend. Southern mill competition also is hurting the New England
mills. The demoralized maikei for raw cotton, whlJe an important
itflaence afleoiing the cotton business, is secondary to Southern mill
competicion. With a steady or Improved raw cotton market from
now on, cotton business should improve.— V. 69, p. 701.
United Box Board & Paper Co.— Plan Effective.—The
stoekho'ders and the underwriters, all of whom are also
stockholders, have eubscribed for the entire amount of the
company's holdings (j55,788.300) in American Strawboard
stock under the plan (V. 79, p. 2700, 2751, 2800), thus providing the company with about $1,000,000 of working capital*
Selling Agency Wound Up.— The Paper Products Co.,
which was organized in December, 1903, to act as a selling
agency for the leading box-board manufacturers, is, we
learn, being wound up, at least as far as the United BoxBoard & Paper Co. is concerned. The plan to lease all except five of the mills to a syndicate composed of leading inand assets acquired.
dependent companies has, we are informed, been abandoned,
Assenting ci editors and debenture holders are now to pay 10 p. o.
Oswego Falls Pulp & Paper Company's Plant Re-conviyed.
of the par value of their claims aad debentures, for which they are to
All outstanding litfgation growing out of the acquisition
receive preferred stock of the new company at par and an equal
amount of common stock. They will also receive par of the new of the Oiwego Falls Pulp & Paper Co. at the time of the
oommou stock for the face value of their debentures and claims, with formation of the company in 1902 having been settled and
Interest abided to Dec. 31, 1904.
discontinued, the United Box Board & Paper Co. on Jan. 19
(2) If it should for any reason prove impracticable for the new company to take over, retain or operate the propertieij, the committee is filed (I) a dfed convejing back to the Oswego company its
tollquifiate the assets as speedily as practicable and distribute the
plant at Fulton.N. Y., and (2) a purchase money mort.for $175,proceeds to the assenting creditors and debenture holder", first re000 given by the Oswego company for part of the purchase
paying their cash contributions, with interest, and dividing the surprice.
Asa result of this settlement there was returned to
plus ratably among them.
The deposit of seourities and payment of the 10 p. c. con- the United Box Board & Paper Co. nearly $1,000,000 each of
tribution must be made with the depositary, the Guardian its preferred and common stock, thus reducing the outstandTrust Co., New York City, not later than Jan. 21, at noon.— ing capitalfzition; also several hundred thousand dollars of
its own first mortgage bonds, so that deducting recent p^vyV. 79, p. 2208, 1706.
ments the company will have outstanding considerably less
Pennsylyania Furnace Co.—Suit to Enjoin SaZe.— Gan. E. than $1,000,000 of first mor^gage bonds in all. The plant at
Burd Grubb, a stockholder, instituted equity proceedings in Oswego manufactures newspaper, but will not, it la stated,
Common Pleas Court last week to eujoin the sale of tkie be a competitor in the box board industry. Compare V. 77,
property at Sheridan and Cornwall, Pa., to Robert E. J. Corp. 40. -V. 79, p. 2800.
coran of Brooklyn, N. Y., for $180,000.— V. 77, p. 454.
United Frait (]o.— See Northern Railway of Costa Rica
Pocahontas Collieries C<f.— Exchange of Bonds for Direct under "Railroads" above.— V. 79, p. 2453, 2475.
Firat Mortgage Bonds.—Tte Pocahontas Collieries Co. of
Final Sale.- At the final
United
New Jersey was organized in 1902 and purchased the entire sale of theStates Shlpballding Co.— 13 cer'ain office furnicompany's assets on Jan.
capital stock of the Pocahontas Collieries Co. of Virginia, ture, bills recilvabie, book accounts,
etc., were bid in for the
iseuicg against the same $1,250,000 bonds (V. 74, p. 941). To reorganization committee for $75,000. V.
79, p. 2700.
improve the position of the security holders it has now been
United States Steel Corporation.— Pewwrrer i'lustained.
with the holding company, and the colarranged to do away
Vice-chancellor Srevenson at Trenton, N. J., on Jan. 17,
lateral trust bouf^s of 1953 are accordingly being exchanged
sustained the demurrer filed by the company in the s^uit infor the direct first mortgage bonds of the Vlrgiaia corporaThe stock is also being exchanged stituted by A'fred F. Stevens of Newark to compel the dection, dollar for dollar.
laration of a dividend on the common stock from accu$ for $.
mulated surplus.— V. 80, p. 119.
The new bonds are secured by mortgage dated Nov. 1. 1904. and will
mature May 1, 1937; Interest 6 p. c. per annum, payable May 1 and
United Verde Copper Co.— Defcrtpiion— The "Iron Age" of
Nov. 1. Issae limited to $1,260,000; denomination, $500; sinking Jan. 12 contains an illustrated article regarding this company's
mlped after Nov. 1, 1904. Any or all
fund 3 ots. per ton of 2,240 ibe.
the bonds are subject to oail at the option of the company at 105 and property.— V. 79, p. 633.
Interest on any interest day if drawn by lot. Mortgage trustee, KnickYigluia-Carollna Ciiemic&l Co.— O^ciaZ (7trcttlar.— Presi-
—
—
—
erbocker Trust Co.— V. 79,
p.
1720.
Louis Cotton Compress Co.— To Resume Dividends.—
The directors of this company, which suspended dividend
payments in 1864, have made a statement to the stockholders
announcing that in their opinion the company can begin the
payment of semi-annual dividends on July 1 next on a basis
St.
of 5 p. c. per annum, or;2J'^ p. c. semi-annually. The capital
stock authorized is $1,500,000 all of one clas?; outstanding
Nearly
$1,378,000; remainder in treasury; par of eharea $100.
all of the stock is held in a ten-year voting trnst by the MissNo. bonds.
issippi Valley Trudt Co., St. Louis.
The company owns compresses at Eist 8t. Louis, III.; Little Bock,
Newport, PIlc Biulf, UoDe and Texark'ina, Ark., and warehouse at
Nashville, Ark. Ail the company's $4(J&,C00 bonds were paid oir out
of sales of real eutate in 1902. Jailus Lesser is President and Sal.
Laude, Secretary and Treasurer. Ollloe 431 Olive Street, St. Louis.—
V. 74, p. 634.
Sam Francisco f^fas & Coke Co.— Change in Gmtrol. -Thia
company recently passed into the control of Eastern cipitalIncluding several identified with the Standard Oil Co.,
for the stock it is said having been made with checks
Leopold Michaels has been
signed by Henry H. Roger?.
elected temporary President. L'iopold Wallach a Standard
Oil Attorney has oharga of the interests of the syndicate in
New York. The company was organized in lii03 and has been
engaged in the production of coke for fnlustrial purposes
selling its bl-prodn3t gas to the San Francisco Gis
ElaoIsta
payment
&
dent Morgan in a circular addressed to the stockholders says:
Our company has sold and delivered more fertilizers up to date of
this fiscal year than ever before; it has written contracts for the sale
of more fertlllzars, to be delivered between now and the close of the
We feel confident the sales
fiscal year, than in any previous year.
this year will exceed any previous year.
Besides the cotton crop, the better class of Southern farmers, it l3 stated, use commercial fertilizers on all their crops.
V. 80, p. 181.
Tirginia Iron, Coal & Coke Co.— Line to Tidewater.— 'See
Virginia & Southeastern Ry. under railroads above.— V. 79,
—
p. 1703.
Westera Union Telegraph Co.— Bonds 5o/(i.— The company has sold to Kuhn, Loeb «& Co. the last block, $3,000,000,
of the author! Bed isf ue of $20,000,000 funding and r?al estate
mortgage 50year 4i^ p. c. gold bonds of 1900.— V. 79, p. 2700.
WUbes-Karre (Pa.) Gas & Electric Co.— Sonds Offered.—
Graham & Co. and Forrest & (Jo. of Philadelphia are offering
at 101 and int., by advertisement on another pagf, the unsold
portion of $1,000,000 consol. mortgage 5 p. c. gold bonds of
$1,000 each, dated Jan. 8, 1905, and due Jan. 1, 1955, but subject to call at 110 and interest at three months' notice.
These bonds cover, subject to the prior ll^-ns described below,
all the gas and electric light interests of Wilkes-Barre and the
immediate vicinity; total populallon reported as over 70,000;
franchises "perpetual and exclusive." Interest payable July
THE CHRONICLE.
Jan. 21, 190O.J
1 at Fidelity Trnst; Co. of Philadelphia, trustee.
free ia Pennt^ylvania. Farther facts follow:
"Tula company was iBOorporated under the laws of Penneylvanla 1b
1904, and acquired all of the property of the Gae Company of Luzerne
County. CoDsumerR* Gas Co. of WDieB-Barie. Wllkes-B^irre Gas Co.,
Wyoming Vallev Eleotrlo Light, Hr. & Power Co Wllkee-Barre Eleotrlo Light CO., Exoelslor Electric Light Co. and the Ashley Eldotrlo Co.
CAPITALIZATION or NEW COMPANY.
$1,500,000
Btook (par $100) authorized and iasned
First mort. 5 p. o. gold bonds (Issue above desorlbed), limit
of Issue $3,000,000 (see below; now outstanding and
1,000,000
offered
Gas Co. of Luz^ruH County (V. 67, p. 73) let mort. gf>ld Ss,
Interest payable Jnly 1 and Jau. 1 at Wyoming Valley
Trust Co., Wllkes-Barre, trustee, due In 1928, but subject to call at par and Intt^rest on or after July 1, 190 J;
authorlz(>d Isaue. $750,000, of which $l57,0u0 have been
^693,000
retired and oaroeted
Wyoming Valley Eleotrlo Light, Heat & Power Co. Ist
mort. gold 58, due In 1928, but subject to call Nov. 1,
1008, at par and Interest; Interest payable May 1 and
Nov. 1 at Pt-opl6'8 Bank, Wilkes Barre, trustee; author460,000
ized Issue, $500,000 of which $40,00;) have been canceled.
1
and Jan.
Tax
227
^hz Q^omxnzxtml
COMMERCIAL EPITOME
,
$2,053,000
Total outstanding Indebtedness
Ist consolidated mortgage 58 are authorized to the amount of
$8,000,0(>0, of which fuffl'lent are reserved to take up the bonfis of
the Gas Company of Luzorne Connty and the Wyomlac Valley Electric Light, Heat '& Power Co. in 190«, said bonds being theo callable
at par and Intt^rest There are also r*- servel by the trustee $947,000
for future necessities, extensions and additions, under proper restrictions contained In the mortgage
The earnings for the year eiodlng Nov. 30. 1904, were: Gross earnings, $260,755; operating expenses, $141,923; net earnings, $118,832. Interest on outstanding bonds Is $102,650. When the present
contemplated Improvements and extensions have been made the
result from operation suould be, according to J. G. White & Co., as
foDows: Gross earnings, $400,000; operating expenses. $-'0 0,000;
net earnings, $200.0JO; bnnd intere'^t, $102,650; surplus, $97,350.
Offloers.— President. Robert L. Forrest; Vioe-Prea., B. G. Gr>s8ler;
8'3C. and Treas., J. 8. Grieves; Engineers and Gen. M-^rs.. J. G. White &
Co., Inc.; Resident Mgr.. J. H. Perkins. Directors.— O. C. Onyler.
Howard 8. Graham, Robert L. Forrest, F. H. Shelton, P. Q. Gossler,
8. A. Atherton. Main ofQoe, Wilkes- Barre, Pa.
The
—
^imjes.
Friday Night, January
20, 1905.
Tne
condition of business, according to most reports, has
been good. Merchants generally seem to be taking a favorable view of the future, and, with tbe exception of comparatively few lines of trade, buyers have shown a disposition to
requirements well
protected.
keep their prospective
movement
of
merchandise into
The actual
tbe
the
consuming trade has been on a
of
hands
liberal
scale,
manufacturers as
a
genera}
fairly
rule experiencing a satisfactory call for deliveries on outfeature of the week has been the
standing contracts.
of the Fall River strike, but this has not as yet
settlement
had a marked effect upon the cotton-goods trade. Unsettled
grain freight rates from the interior to the Atlantic coast
ports are reported, due to competition for business with railroads carrying supplies to the Gulf porEs.
Lard on the spot has been in better demand, English shippers being freer buyers, and prices have held to a steady
basis.
Offerings have been fairly free. The close was steady
A
prime Western and 6 "250. for prime City. Refined lard has had a free sale to the United Kingdom. The
close was steady at 7*05 j., quoted for refined for the Continent, Speculation in lard for future delivery has been
moderately active at steady prices. There have been free
offerings, which have been well absorbed.
The close was
at 7c, for
At the annual meeting of the stockholders of the Ameri- steady.
can Bank Note Co. held on Friday, the retiring board of MPork has had a better sale and prices have been steady,
rectors was re-elected. Officers were re-elected as follows: E i- closiog at |12 75@18 50 for mess, $13 25@15 75 for short clear
mand C. Converse, Chairman; .Theodore H, Freeland, Pi* si and $14@14 50 for family. Cut meats have been in moderate
dent; Warren L Green, First Vice-President; Jared K
demand and steady, closing at 6c, for pickled should**rs, 6%
Myers, Second Vice-President; John E, Currier, Secretary @9c. for pickled hams and 6^@7c. for pickled belli-'^s, 14@lu
and Treasurer, and F. Rawdon Myers, Assistant Treasurer. lbs. average. Beef his been quiet but steady at $M for mess,
In his report to the stockholders President Converse stated $10 50 for packet, $10@13 for family and |16@i8 for extra
that the earnings of th^ company in the last fiscal year were ladia meas in tcs. Tallow has been fl it, closing easy at 4^c.
the largest in the history of the corporation, and the life of Stearines have been more active, closing steady at
7@7J^c.
the company dates back to 1795. The growth of its business for lard stearlne and 6% 3. for oleo srearine. Cotton-eeed oil
has been steady, and in order to provide for the work which has been steadier, closing at 28J^@24c. for prime yellow.
has come to it in the last yaar, it has been compelled to se- Batter has had a fair sale at advancing prices, closing firm
It is steadily build<ng up forcure additional space.
at 20@303^c. for craamery. Cheese has been in fair demand
eign patronage. The engraving of stocks and beads and and firm ai; 83^@l23>^o. for State factory, full cream. Fresh
other instruments for fareign corporatioas has no*v become eggs have been more freely offered and prices have declined,
a large part of its aggregate transactions. The quarterly closing at 28c. for best Western,
dividend of 50 cents per share will be declared by tha directDAILY OIiCSIKS PBIOBS 09 tABD VUTUBBC IN OHIOAOO.
ors in March next, making wlih extra dividends aoout $3
Mon. tuts.
8ai.
Wtd.
S,^v.rt.
9H.
per share for the year.
6-87i«
6-85
6->t7ifl
g'85
6-8.5
Maydel'y.,
685
6 87i«
691^ 6 97i« 6'97i« 69713 7 00
697»fl
Among the changes in New York firms announced since Jalydel'y
the first of the year and not heretofore reported in these
Brazil grades of coffee have been more freely offered, but
column, are the following
demand dropped and there has been an easier turn in
Kinnicu't & Putter, Arthur 03good Choate, admitted.
values. The close was flit at 8^5. for Rio No 7 and 9%';. for
Lathrop & Smith, Albert A. Johnson, admitted.
Santos No. 4. West I.idia growths have been qaiec and
James H Oiiphant & Cj., Floyd W. Mursdy and J. Norris slightly easier, closiog at 9^40. for goodCacu'a and lt@ll3^c,
Oliphant, the latter a member of the New York Stock Ex- for good average Bogota. Speculation in the marfiet for
change, admitted.
contracts has been moderately active. Receipts of Santos
Trippe, Schuyler & Co., S, S. Schuyler, member of the coffee have been larger, and this has prompted selling for
New York Stock Exchange, admitted.
the account of speculative holders to liquidate their ac—Mr. Frank A. Rnggles of Boston has issued, in neat counts.
pamphlet form, a uew edition of Stock Fluctuations, formerJy
Following are the clcsing asked prices:
compiled tor bo many years by the lite Joseph G. Martin
Tan
7-50C. May......,.™..., 7-90e. Aug
8-2O0.
Feb
8000. Sept
7-50C. June
8'30o.
It gives price flacruations of securities dealt in on the Boston
».. 7-600. July....
8-lOc. Dec
8-60o
Stock Exohaige from January 1, 1904, to Jiinuary 1, 19^5, and March
Riw sugars have been in fair demand, strong and higher,
also those sold at auctioa, with the d videods paid by each.
In addition to this is given the highest and lowest monthly closing a1; oj^c. for centrifngal, 96-deg, test, and 4^ 5. for
prices of the leading otocka in the New York mirkat and muscovado, by-ieg. test, R .'fined sugar has beeninfiirly
useful information regardiag other miscellaneous companies. active dtmand, and prices have been advanced to 6 05c.
Boissevdin & Co., 15 Wall Street, have issued an inter- Teas have had a limited sale at steady prices.
A fair business has been transacted in Kentucky tibaaco
esting circular lettt^r regarding the capitaiizition, increasing
and prices have been unchanged and firm. S^ed lea^ tobicco
earnings and development of the property of the Brooklyn
Rapid Transit Co. 1' is pointed out that in 1900 the gross has continued to mget with a fairly good demmd, fair sales
earnings were |Il,53i),0J0; in 1904 $14,738,000; and that the be ng reported of 1903 cr jp PeuDsylv*nla broad-leaf and 1903
surplus over all charges tor the late year was $1,389,000, or crop Zimmers Spanish. A good busiaess has been transacted
equal to 3 p. c. on the stock, as against $526,000, or 12 p. c, in ^umultra tobacco at firm prices. H^ivana tobacco has been
in good demand and fi m.
in 190O.
Offerings of spot supplies of tin have been limited, and
Oa February 1 Mr. Frank W. Thomas will retire from with a moderate demand prices have been firmer. Tne close
the well-known Chicago banking and brokerage firm of A
waj steady at 29 '55® 30c. lagot coppsr has hai a fair
O. Slaughter Jr. & Co. (with which house and its predecessor,
sale, and pricts h>ive been well miintained at \^^^<^\b%<i.
A. O. Slaughter & Co., he has been actively associated for for Lute and 16i.^@153^c.
for electrolytic. Lead his brjen
many years) aud P iiip W. Saipp will be admitted aa part- steady at 4 70c. ttpdcer has been firmer, closing at 6'20@
ner.
Mr. Seipp has beon the statisticiaa of the houae lor a 6'8!)c. Pig iron has continued in good demand and firm,
long time. Tne firm n^m^i will remain uachangod.
closing at $17 50® 17 75 for No. 2 Northern and |17 26@17 50
Tho "H-ind Book of Railroad Securities," published by for No. 2 Southern.
the Financial Chronicle, is now ready. The statistics cover
R -fined petroleum for export has been unchanged, and
both rallruads and the lt:adiog iadu.9lrials, and include tbe 'losed at 7-40c. in bbls., lO-lOc. In cises and 4 5uc. la bulk.
earnings for several years, the fixed charges, raage of prions Napfctha has been steady at llj^o for 71 degrees a id 12c. for
for four years and divt lends for ssvjn years to Jan. 1. Price 7(5 degrees
Credit balances have baen steady, closing at
one dollar, or to Chronicle subscribers seventy-five cents.
l-43c.
Wpirits turpentine advanced early in tbe week but
Attention is called to the offering of ElPasj&Ro^k closed eeslrr at 56)^;. for machine bola. Rosins have been
Island first mortgaKu snaranteed 5 per cent bonds by H^rts- in better supply and easier, closing at $2 ^1% asked for comhorne, Bogert & Bdttelle and McKianell, Coffla & Rawlins. mon and good strained. Hops bava been quiet but steady.
Wool has been in moderate demand and firm.
Particulars will be found in the advertisement.
—
:
—
—
—
—
THE CHRONICLE.
2'2S
COTTON.
Friday Nioht, January
20, 1905.
The Movement of the Crop
as indicated by our telegramg
from tiie Suuth to-night ia given below. For the veeek ending
this evening the total receipts have reached 132,952 bales,
against 1S1,154 bales last week and 200,167 bales the previous
week, making the total ireeelpte since the 1st of Sept., 1904,
6,344,534 bales, against 5,816,691 bales for the same period of
1903-4 ahowina" an in '.rease since Sent, 1. 1904, ot 527,843 bales.
Beceiptt ai
Mon.
8at.
Galveston
7,802,
Pt.ArtliTir,&o
4,071
5,832
8,332|
MobUe
880
9,959
1,446
3,036
Tkura.
^ri.
27,334
2S8
8,178
280
654
368
648
2,837
2,438
1,484
2,231
Bnmsw'k, &e
671
2,334
....•
452
1,681
2,437
Wilmington
487
Wash'ton.&e.
Horfolk
764
1.767
1,487
712
3,164
735
1,783
8,402
765
236
103
517
106
2,'?98
265
1,002
194
739
523
475
140
2,619
2N
201
•
33
M JI«IB«
N'p'tNewa.Ao.
New York,
301
170
Boston
Baltimore
Philadelp'a, *o
101
153
584
572
129
25
70
4B1
252
36
103
1,920
2,619
560
Tot. this week. 21,912! 20,722 20.863 18.874 16,006 24,575
The following shows the week's total
Septc
1,
1904,
ThU
Jan. 20
receipts, the total since
last year.
and the stooks to-night, compared with
1904-05
BeeeiptM to
1903-04.
Since Sep.
1, 1904.
week.
ThU
week.
Stock.
Since Sep.
1, 1903.
1905.
1904.
161,220
119,582
383,844
55,581
421,673
21,003
89,834
14,548
27,378
92,896
11.167
10.619
7,382
17,258
5.191
11.255
16.884
6.635
27,029
48
83,048
2.458
8,786
2.633
18,117
1,672
71,168
31.000
6.805
6.411
122,862'6.344,ft34 162,279 5,816.691
86S.739
828.371
27,334 1,832,683
288 128,199
New Orleans 54,081 1,660,789
UobUe
3,885 220,869
671 122,876
P'saoola, &0.
Bavannali... 14,350 1,232,526
Br'wiok, &o.
1.767 143,680
1,487 173.289
Cbarleston..
755
33
P. Boyal, <bo.
WilminRton.
3,164 267,896
41.163 1,977.962
2.318
80.073
68,784 1.510,864
2,790 174,134
13,700 114,065
15,970 978,802
3.018 108,848
1,192 142.135
2
977
4,522 803.083
122
462,405
336
Galveston...
Pt. Ar.,&c.
Wasli'n, &c.
Norfolk
l!rportN.,&o
New York,
8,402
103
8.298
1.920
2,619
Boston
Baltimore.
FliUadel,&o.
Totals
6,042
17,122
41,238
26.721
7.375
550
11.195
2,309
1,483
1,849
1.593
375.935
9,662
358
In order that a comparison may be made with other years,
we give below the totals at leading ports for siz seasons.
at—
1904.
1908.
27,622
84,081
8.885
14,350
1,520
3,164
8,402
103
9,826
43,511
58.784
2.790
15.970
1,194
4,522
11,195
2,309
22,004
62,993
66,377
8,070
86,011
2.759
4,646
16,635
328
24,560
19,244
tUB wk. 122.952
162 279
222,281
192,72b
Beceiptt
1905.
Galves'n, &o.
New
Orleans
Mobile
Bavannali
. .
Ohas'ton, &o.
Wilm'ton Ao
Norfolk
N. News, *o.
11
others...
Tot.
1901.
1900.
46,288
70.980
2,658
27,990
4,959
6,680
13,209
63,772
54,022
1,736
28,381
4,104
3,408
7,915
768
S6.5
16,907
86,913
52.091
10,144
26,668
5.287
6,119
13,581
1,387
15,159
171.102
157.249
1902.
ON SHIPBOARD, NOT CLEASED FOBLeaving
Jan. 20 ai—
Oreat
GerOther CoastBritain Fr'nce many. For'gn wise.
Sew Orleans, 12,884
..
16,rt57
..
6,680
21.095 19.79''
1,291 38,83.1 7,340
14,C00
9,0 30j
Total 1905..
45,32110.556 77,830 22,337|14,734 176.778,
68j,961
Total 1904..
Total 1903..
62. 184'l8, 43^ 81,^74 23,128 19.151 201,8''2l
623,499
860.121
Sew York
Other ports
.
3,000
6,000
"ibo
from—
Oreat
ftrit'n.
UalTeatoo
—
25,0 14
Franc*
9,077
OonU-
lotal
Oreat
nent.
IVtek.
Britain.
88,028
853,06
4.507
PUArthar, 4o.
New
Orleani..
Mobile
44,Ut)i5
21,637
3i,67d
e.'^oi
....
08.031
e.ttOi
1904, to
<;
France
188,869
4e,f'.,3j
20, 1906
.
ContiT.ltM.
nent.
3-19,BlO 1.431.6?!
68.9t)8
685,614 231.071
4j,89i 17.63
1
100,901
40y,66l 1.226.839
39,0l!4
100,568
....
•••••
113
800
3JJ
45,263
17.084
46,U2<
109.259
1.001
11.158
18,aa7
211.321
47.765
889, »02
6.051}
96,040
«07,ai3
6,010
66,671
t«,;;60
3,662
141. ORO
251.311
7,030
20.662
6.058
Port Boyal ....
WllmlnBton...
108,050
141
141
New York
7.seo
Boston
Baltimore
5,367
Philadelphia..
2.876
6S9
1,087
fi,<)91
172
•
14.641
5
12.070
10D.129
450
53i»
Sat. JTKon
69.010
»6.l0j
3.123
Total. 1903-04.
38,i7«
46,608
le.su
625
687
6-25
6 25
6-25
ti-87
687
6 87
725
7 25
7 25
7
2.5
6 87
7 25
7-69
7-69
8'21
7-69
891
7-69
8 21
7*69
8-21
Til.
Frl.
Sat.
Mon Tues Wed
Middling
6-45
7-07
7-45
Good MiddUng
V89
7 50
7 94
Middling Fair
8-11
8-46
STAINED,
Sat.
Middling.........
Tinged,..
Gtood Middling Tinged
5-70
6-70
6-8«
7-20
6-50
712
6-50
6-50
7-12
7-2'>
6-50
712
7oO
712
750
7 60
712
750
7-94
8-46
94
8-46
7-94
8-46
8 46
7
RIou Taen
5'75
8-75
6-91
6 50
575
675
6-91
7-25
Wed
5 75
6-75
6-91
7 25
7
94
Tk. Frl.
5-75
6-75
5 -75
6'f»l
6-91
7-25
7
2c)
676
for middling upland at New York on
for each of the past 32 years have been as follows.
1889 ...o. 91B.« 1881....0.H13i8
1897. ...0. 76,6
1905....0. 7-it>
14-5U
1888
1880
1^^
1904.
1896
10»s
83,a
8-9i
1887
9ifl
1879.
1895
9T,e
1903.
5%
11>4
18S)4...... 7i6i^ 1886
8Bi«
1878
1902.
.
96,
.10
988
1885
llije
1877
1893
1901.
133ja
1884
1011)6 1876
13
778
1802
1900.
7«Vi
.
P»8
1883
lOifl
1875
1891
15%
1899.
6»e
1638
1882
12
1874
1890
lOllifl
1898.
.
ft'e
The quotations
Jan. 2
)
.
MARKET AND SALES.
The total sales of cotton on the spot each day during the
week are indicated in the following statement. For the
convenience of the reader we also add columns which show
at a glance how the market for spots and futures closed on
same day.s.
Balks of Spot A Oontbaot.
Fdtuees
Spot Market
Market
ExConConOlobbd.
Clobbd.
13,07tf
7,011
tfl,7)6
iatnrday
4.'21
26,6:7
89.741
Monday
1.141
27,0:;9
sump.
Total.
Si^,^sl
......
5t.H61 16'i,54^ a,876.4rt3 6W,7rtO l,9b2,8Be
ISS.S-Jrt 19fl,72H
6-26
816
Good Ordinary.................
LlOW Middling..................
117.832
70,6^2
t*8.4l2
Th. Ffl.
7-64
GOLF.
Low MiddUng
Wed
7*0
auddltng
aood Middling....
Middling Fair
Low
Tuea
6-20
6-82
...»
Low Middling
13.0^0
8i.70l
1,2')3
671
600!
60,582 55,080 72,850 55,646 18,187 262,235
UPLANDS.
l.OOu
Ban Fran„ &o_
..
103,-92
......
NorfoU
N'port N., Ac.
....
8,879
Ctiarl«aton....
Total....
Jan
lo-~
13,610
Paniaoola, &o.
Saranrnth
Bnaniwlok
1
1,
Exported
700
.
Strict
Sept.
i',500
2,500
800
9.400
11,200
5.300
Sp'culation in cotton for future delivery has been quiet.
Fluctuations in pricas have been within a narrow range, and
for the week values shoTV a net change of only a few points.
The feature of the situation is the tenacity with which Southern planters continue to hold cotton. Bjth exporters and
spinners, it is understood, stand ready to buy freely on the
parity of the New York contrast market, but they have bsen
unable to find sellers of supplies of importance, they holding
for higher prices.
Bear interests have continued to keep
pressure on tae market, especially on the more distant deliveries, they believing that the weight of the large supplies of
cotton which planters are supposed to be holding back will
eventually make itself felt. The Ginners' Report, showing
tae yield of the present cotton crop to January 16,
is expected to be published during the coming week.
Large
figures are expected, which bear interests anticipate will
tend to discourage Southern holders and dislodge at least
some of the cotton now being held. Eirly in the week
there was a slight advance in prices on tne light offerings
from the South and some buying by shorts to cover oontracts.
Subsequently, however, under bear pressure and
absence oil; support, the market turned easier, losing the advance. To-day there was a quiet and slightly easier market.
The close was steady at 2@4 points lower for the day. Cotton
on the spot has been quiet but steady, closing at 7 •25c. for
middling uplands.
The rates on and off middling, as established Nov. 18, 1903,
by the Revision Committee, at which grades other than
middling may be delivered on contract, are as follows.
Fair
0. 1-30 on
Good Middling Tinged .o. Even
Middling Fair
096 on Strict Middling Tinged.... 06 off
0*62 on Middling Tinged
Strict Good Middling
012 off
0*44 on Strict Low Mid. Tinged ...
Good Middling
34 off
Middling
Strict Ix>w
014 off Low Middling Tinged
050 off
Middling
0-38 off Strict Good Ord. Tinged .. 084 off
Low
Strict Good Ordinary
72 off Middling Stained
0-50 off
1-00 off Strict Low Mid. Stained... 1 06 off
Good Ordinary...
Good Mid. Tinged.. 0*30 on Low Middling Stained
Strict
1-50 off
On this basis the oflBoial prices for a few of the grades for
the past week— Jan. 14 to Jan 2 —would be as follows.
for the week ending this evening reach a tots>
of 188,54'3 bales, of wbich 98,412 were to Great Britain, 83,276
to France and 64,854 to the rest of the Contioent, Below
are the exports for the week and since Sept. 1. 1904.
from
600
1,000
11,200
,
Middling
Week BndinQ Jan 20 ,1006.
BxvorUd to—
3.^4.303
59,957
21,880
1,200
100 3,400 4*900
(Hoblle
Norfolk
Since Sept. 1 6344.634 5816,691 5634,660 5691,57315178,784 4544.188
SXPOTt$
.'i9,541
834
101,268
68,004
26.878
46,181
15,829
77,748
26.755
Stood Ordinary
The exports
stock.
Total.
5,7<i6
Oliarleston...
14,3150
1,767|
82
ISl
33
515
Oharleston ....
Pt. Royal, Ac.
54,081
3,885
8.902
263
117
We
Savannah..
4.032
3.251
In addition to above exports, our telegrams to-night also
give us the folio w^ing amounts of cotton on shipboard, not
cleared, at the ports named.
add similar figures for
New York, which are prepared for our special use by
Messrs. Lambert & Barrows, Produce Exchange Building.
tlalveston..
Totai.
\
283
2,346
7,832 10,948
&o
Bavannah
Wea.
•>••
1
New Orleans.
Pensaeola,
Trm*.
LXiX.
[Vol..
1.780.276 574 08-t
^,051),fl07
70,62
•
i
,897.122
4 364.866
raeeday
..
. .
Wodnesday
Qnlet
auiftt
Qulet.5pts.adv. rtteady
Quiet ...
steady
^.^iiiAf
..•• ....
rharsday.. Mteady
Dall
91:lday
Total
..
'T.ftady
Very steady.
H.oady
port.
....
850
80
290
"64
tract.
860
3,
100
3,430
290
100
400
100
464
200
1.834
3.000
.^.234
'
,
1
.
'
a
.
THE CHRONICLE.
Jan. 21, 1905.]
Futures.—Highest, lowest and closing prices at New York.
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made up bj
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i»y4.
1903.
ifloa
938,000
13,000
44.000
994,000
15.000
340,000
4,000
192.000
3,000
37,000
43.000
3.000
637,000
613,000
14.000
73,000
700,000
9,000
364,000
636,000
6,000
967,0O(
5,Q0<
642,000 1,002,0m
8.000
ll,00<
182.000
202,00(
4000
4.000
3,00C
231.000
156.000 170,001
2.00t
2.000
3,000
61,000
37,OOC
48,000
39 000
41,C0C
35,000
2 000
2.03(
1.000
712,000 437,000 469.00€
Total European stocks.. ..1,631,000 l,412.o00 1,079,000 l,470,0a(
India cotton »auno t^t (hurctiv'e
49,000
88.000 127,000 109.000
Amer. ootron >i^'>si.t (i><f S'rovo> 629.000 577.000 600.000 59rt,00)j
Egypt, BrazU,Ae., lifls.for E'pe
47,00C
48,000
46,000
71.000
Stock In A.lexandrl», G)?ypt .. 201.000 245,000 1«)7.000
228.00C
Stock In Bombay, injJS&I. „....„ 378,000 279,000 380,000 32S,0<K'
Stock In United -ivjvteB porta.. 8f3,739 828,S71 1.122 356 1.024,6S6
Stock In D. 8. SBtsfiojisowns.
705.518 482,584 486 857 661.087
United States ^xportelio-ilfHf
25,458
43.088
0.078
34.815
Total visible supply
4,562,715 4.0i0 043 4,070,028 4,412,791
Of tlie above, totals of Ametioan ana othfty oostf^npTiowR n,i-e ae rc>Uf'Vf a:
O: CO
ootf^towTccnto'— to
"-to to
tBMtiMtCMM
MW
totOCC*kK<IOiin,fk
baUa. 868.000
534.000 £64.000 903,0'JC
38.000
63.000
Continental stocks. .„„j
593,000 678.000 415.000 436,000
4merloas tifloat tot Surope. .. 629.000 677,000 600,000 .-lee 000
Onlted States stock.
663,739 82S,37i 1,122.356 1,024 646
„„„
Halted Stateslnterlor stocks. 705.618 464,853 486.857 681.067
Onlted States «xporti to-day.
28,458
S4,815
9,078
43,088
Sotal American...... ..
3,722,715 3,^06.043 3,223,028 3.629.791
Mail Indian, BraMil, *c
Uverpool stock..............
9i.000
79.000
70,000
72,000
LondOB stock
12,000
14,000
6,000
5,000
Manchester stock
1 0,000
6,000
"22,006
OontlnentaistooKs.... ..„,
44 000
34 000
32,000
1 ',47,000
iBdla aScat for Burope . ..
49.000
f 3,000
109.000
gypt, Brasll, Ae., aflostt
47.000
46,000
4 6,000
71,000
Btook la Alexandria, Egypt... 2o:.ooo 245.000 3 87.000 2 a 8. 000
Stock la Bombay, India.
279,000 380 000 3-3,0a('
378.000
total Sasli inoila, Jke.
840,000 834.000 847,000 783,00')
,
Total Anienoan.......
3,722,715 3,206,043 3,223.028 ^.Bi^.T^l
Total visible sojpply
4,662.715 4.010,0i3 4,070,028 4.412,791
Middling Upland, Liverpool..
3 81d.
8-OOa.
-"ad.
4-84a.
MlddUng Upland, Noi» Yoirk..
7-:/5a.
14-75o.
8-95o.
"ngc.
gypt Good Bro-WTJ, Liverpool
5iSi«(i.
7kd
^5|fld,
^la*'
PtTTiT. Bough QoDd,LJverpooil
7'3oid.
J0 30d.
9 75d.
7d
Broach Fine, Liverpool
7i«d.
49i«i1
SiSigd
4^d.
fflcnevftUv Oond. iyr»erpooi...
-iBsd.
7d.
"t^Bd
Hied.
|^~ Continental Imports past week have Deen 115,000 bali'S.
The above figures for 19( 5 show s decrease from Iset week
of 89,915 bales, * gain nf 522,872 bales over 1904 anexoer^i of
492 687 bales over 1903 and a gain of 149.9?4 bales ovsr 1902,
M
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ts
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5?
ta
M a- 00 M^ 00 oi_tc M
The above totals show that the interior stocks have decreased during the week 40,521 bales, and are to-night 222,934
bales more than same period last year. The receipts at all th«
towns have been 80, 6a bales lens than same week last year.
1
Overland Movement for the Week and Since Sept. i.—
We
give below a statement showing the overland movement
week and since Sept. 1, as made up from telegraphic
reports Friday night.
The results for the week ending
Jao. 20 and since Sept. 1 in the last two years are as follows.
for the
1903-04
1904 05.
January
20.
Weeh.
Shipped—
Via St. Louis
Via
Via
Via
Via
Via
Week.
1.
Since
Sept. 1.
299,230
182.860
41,244
20,864
13t.097
28,561
750.114
59.081
690,£
7,387
92,456
7,102
22,823
5,?f?6
2,317
9,937
18,624
Rook Island
883
Louisville
Cincinnati
other routes,
Since
Sept
294,990 38,428
4.767
194,589
30,739
1,561
3.677
52.871
36,7 fi 6
2,949
140,159
7,698
9,152
9,^61
Cairo
1.943
1,796
5.626
&o
Total ^ro88 overland
shipments—
Overland to N. Y., Boston, &o..
Between interior towns.
Inland, Ac, from South
10
660
55
Deduct,
203
Total to be deducted
Leaving total net overland'.
Manchester atock........
M
OCClfk|»^O'^2K.Q0J^0^V©O©^coocuc0^^ O'MCCOijf^OCOMCOCC©©
(^Mooaooow *^oo,- Otv ccoiK- cncoo: o:ao^ooocC'OCO©-J^o^^M
coci:cnMif^t3cooaooiP>oo<o^>ooitats©©w©o<ov<toaoif^COtao to*
«;•
The Visible Supply of Cotton to-night, as
cable and telegraph, Is as follows. Foreign stocks, as well
as the afloat, are this week's returns, and ooneequently all
foreign figures are brought down to Thursday evening,
But to make the total the complete figures for to-night
(Jan. 20), we add the Item of exports from the United States.
Including in it ihe exports of Friday only.
lilTerpool etoQk
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Stock at ui^txp&iii.
nttiea.
Stock at London..^
Stock at ACanohestM. .....
Total Great Britain atock
Stock at HAmijacg..^^^^ ..^
Stock at Bremsri ..... .... ,..^^
Stock at AEtw«|> ....„., ..^.^
Stock at a«vre.„^ .,.« ....^ ....
Stock at Mftif BcUleB..^ .., ...
Stock at Barcelona.. ,.„..
Stock at aenna,..^
Stock at TvivtBtf.,.,,^ ......^
Total Gonttnental stocks..
S'S»
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week and
eorrespondlng period of 1903-04— is set out in detail below.
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the movement— that is t^©
since Sept. 1, the shipments for the
the stocks to-night, and the same items for the
»w9
-
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At the Interioe Towns
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receipts for the
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-a-^
tj»a
-^o»
0
OS
<I<I
»c»a
9
"W u»
»• ~w
n
1
05 CO
1
1
,
«•
n
«J-a
1
13
fOt-.lVB
^i! '"f
ih
eia
a
K'iW" <^M
—OH 2
5
.
178
39,965
19,519
1,134
:.5,133
122,381
6,598
84,617
627,733
52,403
606,338
movement by rail to Canada.
The foregoing shows that the week's net overland movement
this year has been 18,624 bales, against 52,483 bales for the
week in 1904, and that for the season to date the aggregate net
overland exhibits an increase over a year ago of 21,- 95 bales.
*
Including
190405.
In Sight and Sphtnert'
Takings.
Week.
1903-04.
Since
Week.
Sept. 1.
Since
Sept. 1.
Receipts at ports to Jan. 20...... 122.952 6,344.534 167.279 5,8ir.691
18, -^24
627,93« 52,4 3 i< 6.338
:'0...
44,000 832,000 42,000 831,000
Net overland to Jan. 20
Southern consumption Jan.
Total marketed
185,576 7,804,267 1:56,762 7,'/54,029
'40,521
643.858 '11936 470,982
Interior stocks in excess
Came
244,826
into sight during week. 145,055
Total Id Bight Jan, 20
8,448",i25
7,72.^6l'i
'
29,223 7,292 471 111,2:
Decrease during week
Movement into sight in previous years
North. Bplnners' tak'gs to Jen. 20
•/««fe—
1903 -Jan,
23...
i:^02-Jan. 24
i901- .Ian. 25
1900 -Jan. 26
Bales.
^8«,f'40
1:66,104
211,603
.07,362
Since Sept.
1—
190203- Jan. 23
loCl-02-Jan. ?4
180001— Jan. 25
1899-00- Jan. 26
1.408,478
Bales.
7,664.692
7.632.769
7,300.432
6 578,819
THE CHRONICLE.
230
Quotations for Middling Cotton at Otiiek Markets.—
Below are closing quotations of middling cotton at Southern
and other principal cotton markets for each day of the week.
Jan. 20.
Sat'day.
7^
7i8
7
7
7
7
7
7
6^
6Te
6^8
S's
7'4
7*4
7-25
7-25
7-50
7I18
7'4
7-i5
7
7»16
e'^a
7
7
MobUe
6\
6\
6i5ia
Savannah...
Oharleston
Wilmington.
Norfolk
Boston
7
7
6\
71s
7-20
720
Baltimore. .
Philadelph'a
Augusta.
7 25
7-45
7-2,5
7
7ii«
Memphis
7'l6
7 50
615ig
7
St. Louis....
d-^a
e'^s
Houston
6IB16
638
7
638
—
The
to 51
7-25
Selma, Alabama, We have had rain on two days of the
past week, the rainfall being fifty hundredths of an inch.
The thermometer has averaged 45, ranging from 19 to 69.
Madison, Florida, We have had no rain during the week.
The thermometer has ranged from 20 to 60, averaging 40.
Savannah, Georgia, There has been rain on three days of
the week, the piecipitation reaching niaety-&ix hundredths
of an inch. The thermometer has averaged 48, the higheet
being 83 and the lowest 27.
Smyrna, Oeoryia.—We have had rain on two days of the
past week, the rainfall being twenty-seven hundredths of an
inch. The thermometer has averaged 33, rangiog from
7ifl
7
e-'a
7
7-25
7-50
7-f5
7-25
7-50
V
7
eiBja
7
7
Uttle Rook..
6'8
ON—
Monday. Tuesday. Wed'day. Thursd'y JViday.
Galveston.
New Orleans
.
higher prices. But little preparation made for new crop.
Rain has fallen on one day of the week, the ramfall being
fifty-two buridredths of an inch. Average thermometer 41,
highest 62, lowest 21.
Montgomery, Alabama. Weather is moderating. There
has been rain on two days of the wrefe, the precipitation
being fifty-three hundredths of an inch. Thermometer has
averagtd 89, highest being 68 and low^-st 20,
Memphis, Tennessee.— It, h*3 rained on three days of the
week, the precipitation reaching forty-four hnndredths of an
inch, The thermometer has averaged 30*2, rangiog from 9-6
7'4
OLOSINO QUOTATIONS FOB MIDDLIHG COTTON
Week ending
725
7-£0
7
615i8
7
7
615,8
7
7
7
7
6I2
eifl
6I9
6»3
7
closing quotations to-day (Friday) at other important
Southern markets were as follows.
Atlanta.
7
7
Louisville
73,8
6H
e's
Natchez
6i3,e
Raleigh
6\
6^8
Nashville
Shreveport
6i3je
Orleans Option Market. The highest, lowest and
closing quotations for leading options in the New Orleans
cotton market the past week have been as follows.
Columbus, Ga.
Golumbus.MisB
.
Montgomery
. .
—
New
Sat'day,
Jan'aey—
Range
..
Closing..
Monday, Tuesday, Wed'day, Thursd'y Friday,
Jan. 14.
Jan. 16.
Jan. 17.
.
Closmg..
Mat-
Range
.
Closing..
JulyRange
.
Closing..
6-73--88
6-89 -90
6-80--91
6-81-82
6-71- 6 70 --72
6-70 -75
6'75-'76
6-75 -79
6 78-79
6-77--95
6-80 •00
694-95 683--84
671-85
t.-73--74
6-71--79
6-78--79
6-83--87
6-86--87
6-86-03
702-'03
6-77--92
6-79--g0
6-78--86
6-85--8B
Range
702-
7 02-
7-00
714--16
702-04 692--94
Steady.
Quiet.
Steady.
TONEOptions.
6-90- -91
6-96-14 6-97--15 6-88-'02 6-88--9,'S
696--97 7-12--13 6'99--00 6-89-'90 695-96
.
Spot....
688--05
Firm.
Vy
Bt'dy
Quiet.
-
-'02
Easy.
Steady.
Jan. 20.
6-70 -74
6-70--72
3.
—
—
—
17 to 51.
Augusta, Georgia. —Farmers appear to be holdicg cotton.
Rain has fallen on two days of the week, the rainfall being
four hundredths of an inch. Average thermometer 40,
highest 59 and lowest 22.
Charlenton, South Carolina.— We have had rain on two
days during the week, the rainfall being eighty-nine hundredths of an inch. The thermometer has range! from 28
averaging 45.
South CaroKna.— Ploughi^jg has been commenced here and there. Riln has fallen on two days of the
6-79--89 week, the rainfall being Sdveaty sevan hundredths of an
6-81--82 inch, and the weather now is foggy and more rain is threatAverage thermometer 42, nighest 62 and lowest 20.
6-90--98 ened.
Greenwood, South Oarolina.-Thera hSL9 been ?ain on two
6-91--92
days during the week, the rainfall being thirty -one hun-•f9 dredths of an inch,
The thermometer h^s averaged 38, the
6-95--97
highest being 47 ard the lowest 29,
The following statement we have also received by telegraph,
Steady,
Steady.
showing the height of the rivers at the points named, at
by tele- 8 A. M. Jan. 20, 1905, and Jan. 22. 1904.
6-99- 01
Quiet.
Steady.
6-73- SI
6-74--75
Weather Reports by Telegraph.— Advices to ns
grtph from the South this evening indicate that on the whole
the weather has been only fairly favorable during the week.
Bain has fallen in most localities, bat as a rule the precipitation has been light or moderate. The temperature has
been lower quire generally, but toward the close ia reported
to be moderating. The movement of| the staple to market
has been on a re&tricted Ecale, owing to holding of cotton by
farmers and others.
Oaiveaton, Texas.— We have had rain on one day of the
week, the rainfall being sixteen hundredths of an inch. Average thermometer 44, highest 58 and lowest 80,
C(yrfnia Ckriati, Teajas.— There has been rain on two days
of the week, the precipitation being three hundredths of an
inch. Thermometer has averaged 50, highest being 74 and
lowest
—
to 62.
6-93--97
August—
Closmg.
Jan. 19.
6'66- 6-69- -
March—
Range
Jan. 18.
Stateburg,
Jan. 20,
San Antonio, Texas,— We have had rain on one day of the
past week, the rainfall being twelve hundredths of an inch.
The thermometer has averaged 43, ranging from 24 to 72,
Taylor, Texas.— There: has been rain during the week to the
extent of twenty-two hundredths of an inch, on two days.
The thermometer has ranged from 18 to 70, averaging 44.
Rain has fallen on two days of the week,
Palestine, Texas.
the rainfall being sixty hundredths of an inch. Average
thermometer 41, highest 84 and lowest 18.
Fort Worth, Texas. There has been no rain during the
week. The thermometer has averaged 39, the highest being
60 and the lowest 12.
have had no rain the past week. The
Abilene, Texas,—
—
We
'05.
Jan. 22,
'04.
Feet.
New
Nashville
Slireveport
Vioksburg
Feet.
4-3
Above zero of gauge.
Above zero of gauge.
Above zero of gauge.
Above zero of gauge.
Above zero of gauge.
Orleans
Memplils
4-5
33
104
00
15
00
12-2
5-4
10-7
Movement prom all Ports. — The
India Cotton
receipts
of cotton at Bombay and the shipments from all India ports
for the week ending Jan. 19 and for the season from Sept. 1
to Jan. 19 for three years
have been as follows.
1903-04.
1904-05.
Receipts
at—
Since
Week.
26.
—
[Vol. lxxi.
Bombay.
-
79,000
Since
Week.
Sept. 1.
725,000
Sept. 1.
74,000
618,000
1902-03.
Week.
97,000
Sine* September
For the Week.
Since
Sept. 1.
646.000
1.
Exports
from—
Qreat
Continent.
Total.
9,000
13,0.0
7,000
81,000
147,000
158,OvO
90,000
160,000
165,000
1.000
2,000
9.000
8.000
13,000
9,000
9,000
15,000
Qreat
Continent.
Total.
6,000
27,000
15,000
8,000
32,000
15,000
1,C00
Britain.
1,000
Britain.
Bombay—
1904-05..
1903 04..
1902-03..
Calcutta 1904-05..
1903 04..
1902 03..
2,000
5,000
Madras—
14,000
2,oro
12,000
190405..
ranging from 10 to 80.
25,000
6,(00
19,000
2,000
3.000
1,000
1903-04..
New Orleans, Louisiana. We have had rain on one day
9,000
7,000
2,000
190203..
during the week, the rainfall being forty-six hundredths of All others—
4,f00
43,000
39,000
1,000
1,000
1904-05..
an inch. The thermometer has averaged 44.
41,000
3,0(0
38,000
1903 04..
Shrevrport, Louisiana,— Ruin, has fallen on one day of the
42.000
13,000
28,000
i'.odo
1.000
1902-03..
eighty-five hundredths of an inch.
week, the rainfall b^ing
Total aU—
Average thermometer 37, highest 54 and lowest 19.
156,000
141.000
r.ooo
9,000
15,000
3,000
1904-05.
Columbus, MiSHissippi.-Ttiere has been no rain the past
235,000
212.000
23,000
6,000 30,000 se.ooo
1903-04..
week. The thermometer has averaged 32, the highest being
•207,000
231.000
24,000
16,000
16,000
1902-03..
55 and the lowest 10.
Alexandria Receipts .vnd Shipments of Cotton.-—
Leland, Mississippi.-We have had rain on one day of the
past week, the rHlufall being sixly hundredths of an inch.
Alexandria, Egypt,
1902-03.
1903-04.
1904-05.
The thermnm«ter ha? averag»^d 33'4, ranging from 13 to 57.
January 18.
Vicktiburg, Mississippi,- We have had rain on two days
during the week, the rainfall being forty-nine hundredths of Receipts (oantars*)170,000
2 f 0,000
175,000
Thls week
4,749,255
an Ino h. The thermometer has ranged from 19 to 68, averag4,907,764
3,968,145
Since Sept. 1
ing 38.
Since
This
Since
This
Since
This
Exports (bales)—
Ldttle Rock, Arkansas,— The weather has b-^en too cold and
week. Sept. 1. week. Sept. 1. week. Sept. 1.
wet for any farm woik. We have had rain on one day of
6,000 122,557 9,2^0 133,093 4,163 135,395
To Liverpool...
the week, the rainfall being ninety hundreilthg of an inch.
5 89,822
4,250 78,H48
4,000 71.763
To Manolieater
Average thermometer 31, highest 50 and lowest 9.
6,750 165,722 5,659 168,899
7,750 149,617
To Continent...
Helena, Arkansas.— Hot much picking has been done this
2,750 34,379 3,750 29,7i<0 2,545 52,410
To America
week, but conuiderable cotton is reported to be in fluids and
Total exports. ... 20,500 37 8,316 24,000 407,253 12,372 440,526
some farmers are holding. There has been rain on one day
• A cantar is 98 lbs
of the week, the precipitation reaching one loch and one
Manchester Market.— Our report received by cable
hundredth ;cf an inch. The thermometer has averaged 32-6,
to-night from Manchester states that the market con' inuea
the higbeet being 65 and the loweet 12.
both
Mobile, Ak^Hxma.— Fair and cold In the Interior, with rala quiet for both yarns and shirtings. The dtmand for
We give the prices for to-day
yarn and cloth is improving
latter part of week. Cotton is generally being held for
thermometer has averaged
35,
—
.
.
.
.
.
THE CHRONICLE.
JAN. 21, 1905.]
below and leave those for previous weeks of this and
last
year for comparison.
1903-04.
1904-05.
8i4 lbs. Snirt- Oott'n
32« Oop. ings,
Twist.
d.
d.
i)0.16 8
" 23 7%
" 30 7%
Jan. 6 71a
" 13 7%
" 20 7
aS-'a
s.
d.
4
3
d.
8.
d.
938
938
2
4-04
11iflf>7
®8»8 4
®8i4 3
4
I
377 9^
1
Shirt- Oott'n
common
d.
8.
6
39''8 6
-a 10
6
d.
8.
-©8
•3>9''8
Mid.
Uplds
to finest.
d.
d.
419
®7
®7
lbs.
ings,
Twist.
Uplds
to finest.
8H
32s Oop.
eommmi Mid.
d.
700
718
7ifi
li2®8
9
®8
®8
6-96
9
1
9
liaa8 9
3 -©S 11
1
231
SHiPPma News.—As shown on a previouB page, the
exports of cotton from the United States the past week have
reached 183,543 bales. The shipments in detail, as made np
from mail and telegraphic returns, are as follows:
Total bales.
Liverpool, per steamer Georglo, 5,8i8 upland
t
and 94 Sea Island
5,922
To ManoheBter, per steamer Titian, 166 upland and 638
Sea Island
854
To Hull, per steamer Toronto, 1.082
1,082
Nbw Yobk—To
To Palaley, psr steamer Fumessla, 2
To Havre, per steamers Kong Haakon, 798... La Qasoogne,
Vlotoriou=i. 100
100 np and and 89 Sea Island
Waldersea. 50 ...
To Hamburg, par steamers Biuoher. 2
To Antwerp, per steamtra British King, 700...Edrope, 517
2
4 0ifl®7
3 79 91a ®10 6
706
®8
7-50
®8 3 11 'S'eil 3 80 9^ -©lOifl 6
3-81 915i6-l0'8 6
800
®8
3 11 •^e 10
... Zeeland. 64
BXPOETS Off OOTTON (ifOODS FBOM CiEEAT BEITAIN.— BeiOW
To Genoa, per steamer LomDardia, 5O0....Prino8zz Irene.
1,578.... Kapublio, 163
we give the exports of cotton yarn, goods, &c., from Great
To Naples, per steamer Prlncezz Irene, 1,153
Britain for the month of December and since January 1 in
To Venice, ptr steamer Gerty, 300
1904 and 1903, as compiled by us from the British Board
To Trieste, per steamer Qerty, 665
It will be noticed that we have reduced New ohleahs-To Liverpool— Jan. 14— Steamer Cestrlan,
of Trade returns.
13,750.... Jan. 17-8teamer Dictator, 7,677.-.. Jan. 21—
the movement all to pounds.
Steamer Magician, 11,500
Tarn&Thread.
JotalofAll.
Cloth.
000« omitted.
1901.
1901.
1903.
1903,
Lbs.
~Lb~
83,938
101,521
89,491
88,C91
lC6.50y
81,879
90,168
95.442
Lbs.
106,197
102.638
107,833
,377.139 1,424,888 256,030 366,477
303,475
316,718
94.205
February.
17,015
16,647
March
14,063
17,48.
Tot.lst quar
17,146
51,211
April
11,$49
16,402
106,381
May
13,595
16.811
June
13,379
18.943
102,762
408,902
. . .
1901.
Lb$.
Lbs.
17.864
.
1903.
86,157
Tdi.
Lbs.
16,367
January
1901.
1903.
Yds.
158,143
481,478
437,818
175,395
163,016
186,477
i
418,120
419,019
359,630
75,164
77,745
74.633
T7,9ie
89,713
88,27b
76,003
66,85(
89,38 >
91,723
79,793
,217,045 1,196,69P 325,850 222,51]
867,373
268,737
To Manoneiter— Jan. 19— Steamer Manchester Miller, 6,000
To Belfast Jan. 18— Steamer Lord Antrim, 1,800
Jan. 19— Steamer Lord Roberts, 1,389
To London- Jan. 14-8teamer Oallfornian, 2,760
Jan, 17 To Havre -Jan. 13— Steamer Michigan, 12,143
Steamer Lgftonla, 8,771
1,087
62
1,281
2,246
1,150
300
665
32,927
6,000
8,189
2,750
16,211
To Dunkirk— Jan. 19-Steamer Nyassa, 5,323
5,823
To Bremen -Jan. 14 Steamer Montfort, 12,847
12,817
To RotterdaoQ-Jan. 19 Steamer Ababa, 100
100
To Barcelona Jan. 13— Steamer Caallna, 11,532
,.... 11,533
To Flume—Jan. 14— Steamer Lodovloa, 1,550
1,550
To Trieste— Jan. 14— Steamer Lodovloa, 5,101
5,401
To Mexico Jan. 18— Steamer Norhelm, 1,148
1,148
Galveston—To Liverpool—Jan. 18—Steamer Wanderer, 8,466 8,466
To Mac Chester— Jan. 13 Steamers Auaelma de Larrlnaga,
Maria de Larrlnaga. 9.097
14,617
Belfast-Jan. 14-Steamer Inlehowen Head, 1,961
1,861
Havre Jan. 13 -Steamer Mohawfe. 9,077
9,077
Hamburg Jan. 19— Steamer Fellbrldge, 1 183
1,188
Antwerp -Jan. 11 -Steamer Penrith Oastle, S,S19...... 3,319
MoBiLB—To i IverpO'jl-Jan. 16-Steamer Minterne, fi,601
6,601
Penbacola— To Trieste— Jan 18— Steamer Maria, 3C0
300
3AVANNAH—To Manohes'er— Jan. 13— Str. Oalrnetrath, 113....
113
To Havre Jan. li—Steamer Kirkstail, 1,001
1,001
To Barcelona -Jan. 14-8teamer 11 Plemonte. 8, 'OS
8,506
To Genoa-Jan. 14-S!;eamer IlPlemoute. 2.647
2,647
BacNswicE— To Manchestfcr— Jan. 20 -Str. Cairnstrath, 5,056 5,056
Newpobt News— To Liverpool— Jan, 14— Steamer Rappahan141
nock, 141
„
Ejston To Liverpool -Jan. 14— Steamer Michigan. 1.050
Jan. 16-Steamer Saxonla, 3,966
Jan. 17-Steamer
Cainadlan, 351
,.5,367
172
To Yarmouth Jan. 16 -Steamer Boston, IT 2
Baltimobe— To Liverpool -J an 13 - Str. Ulstermore, 689
689
To Havre -Jan. 14— Steamer Windermere, 574.. ..>,574
Philadelphia - To Liverpool -Jan. 13— Str. Haverford, 1,798 1,798
To Manchester- Doc. 31— Steamer Manchester Corpora5,-^20;
Tot. 2i quar, il,513
90,232
93,708
89. 151
101.123
103,819
80.000
114.401
104,69i
87,797
69,26V
103,597
81,142
40,638 1.477.019 1,339,167 i76,737 349,021
322,121
289,669
485,679
474.172
600,71-
107,200
108.07J
83.601
19.164
16,298
13,707
18,036
rot.lthquar. 53.8a0
47.041
680,169 l,xe6.67<
July
18,991
11,086
Aagust
15,693
14.698
September...
15,800
11,875
Tot. 8d quar.
15,381
16.758
October
November... 17,93b
December
. .
Total ye ar.
174,682
631,049
471,843
,i;
188,812 185,136'5.691,9 2
488,711
481,01^
372,48(
90,112
83,186
69,794
118,666 104,223
77.84:-
133.387
95.879
i82,801 322.48:
336.6«1
269,526
402,61(>
376,36!'
5.lfi7.3le,
74,81t
tf59,4ft4 I
StooklnKs and socks
Sandryartlcles
90.146
289.830 1,114.630
946
Total exports of cotton manufactures.
1
862
39.906
86.639
2*o'.48? 1,182,181
• 1,011.418
The foregoing shows that there has been exported from the
United Kingdom during the twelve months 1,270,482,000 lbs.
of manufactured cotton, against 1,18^,131,000 lbs, last year,
an increase of 88,3ol,000 lbs.
further matter of interest is the destination of these
exports, and we have therefore prepared the following
statements, showing the amounts taken by the principal
countries during December and since January 1 in each of
or
A
the last three years.
SXPOSTS OF PIBOE GOODS AND TABNS TO PBINCIPAL COUNTKIES
DECBMBBB AND FBOM JANUABT 1 TO DECEMBER 81.
December,
Pieet Ooods— Yards.
(OOOt omitted.)
1901.
1903.
Jam.
1908.
1901.
-
Ohlnaand Japan
7«.764
Kirope (except Turkey)
21.«4tl
South America
North America
Another countries
67.0«0
87,480
3i,»20
Total yards.
Total value.
46.0»0
26,161
54,4i<9
81.763
2l>,08b
17,173
S2.23U
44.20i
83,741
31,162
Dec. 31
1903.
Indies
246,227 183.63H 191.856 2.580,08
Turkey. Qeypt and Africa... 88.7<!1 67,3;i8 72.491 901.H88
B:iit
1 to
S9 ,448
26H.697
537,407
31H,S7
881,503
IH
1908.
911,1-5
«88,8P0
294,8-0
436 837
308,2;i8
407,290
5^^0.718 418,578 142.26B 5,591.973 6.157.315 5,331,558
£6.3ia
£1,694
£4.616
£61,08i:
JiS 6.267
i66.215
3.856
3.«e3
2.540
2.^78
3,509
2,28')
8 803
2,476
2,068
2,25ri
2.667
29.381
40,9b9
23,685
87.S9B
3.1S8
1-.634
31.266
29,593
27 236
21,858
87,334
e,066
17,K90
20,783
27.C36
25 961
88,294
82,649
8,7«5
28,702
20,056
150,768
£7.408
186.3fll
Yarns— Lbt
(000s omitttd.)
Holland
Sermany
Oth. Blurope (except Turkey;
Kilt Indies
Ohlnaand Japan
Turkey and Egypt
A'.l
other countries
Total lbs
Total value..
4«8
813
2.044
1,933
1,62«
1.781
2.548
2S6
2,129
1,677
ie.9u
£878
15.486
18,650
£803
£615
l''8.895
£8.95rl
New England
Cotton Mill Situation.— Fa^i Riv.r Strike
JBnded.—Thiongh tht) efforts ot Gjv. Douglas of Massachusetts the FjiU River strike has at last been ended.
Under the
terms of an agreement accected by both manufacturers and
operatives, at a conference held at the State House Wddnesday, the strikers will return to work at onca under the twelve
and one-half psr cent reduction, against which they struck
last July, aad with no diacriminatioa because of the strike.
No rate of wages was established, but it was agreed that G )V.
Djnglas shall Investigate the matter of margias between the
cost of cotton to the mill-owners and the selling price of the
ctoth, and submit his conclusions as to an average margin
upon which the manu'acturers are to pay a dividend of five
per cent on wages earned from the present time to April 1,
Memphis Cotton Exchange— Annual Election.— At the
annual election for officers of the Memphis Cottou Exchange,
held on January 11th, the following were elected to serve
the ensuing year: President, Dannis Smith; Vice-Presidents,
W. E. McQbee, I. McD. Massey, E. R. Moodie; Treasurer,
M.S.Buckingham; board of directors, Wm. Bowles, John
McQrath, H. H. Rsese, N. C Richards, D. E. Higer, W. L.
Reeder, J. H. Tnrner. Mr. Hsnry Hotter was unanimously
re-elected Secretary, a position held by him continuously
since
March
15, 1881.
tion,
877
50
400
186,542
877
To Haiiburg— Deo 20-8teamer Schwarzbar.^, 50
To Rotterdam-Jan. 7— Steamer Canadia, 400
Total
,
Cotton freights at
New York
MOH.
Satur.
the past week have beens
rues.
Wednet. Th-HTS.
Fri.
16
15
15
15
15
16
15
17
15
17
15
14
20
20
20
20
c
20
20
a»vr«
c.
20
SO
SO
20
20
Bremen
20
25
25
25
25
25
25
aamburg
18
e.
SO
18
18
18
Antwerp...
18
25
25
25
25
»hent,v.Antw'p.f
25
25
30
30
80
Bevftl,lndiraot..(::.
30
30
30
30
30
Sevftl, via Oancl.e.
30
SO
30
80
25
Sarce;otia, Feb..c.
35
25
25
25
221s
15
15
;3(6noa, Jan
c.
15
15
15
15
23
23
rrlaste
c
23
23
20
20
lapan (via Suez). c.
40
40
40
40
40
40
Qootatsong are oente per 100 Ibe.
Liverpool.— By cable from Liverpool we have the following
statement of the week's sales, stocks, &c., at that port.
LlveepCTOl
e
34ancheeter
c
t:
2.2'!4.359 8,290,762
821.604
565.0 IH
273.574
567,172
315,810
856,750
To
To
To
To
Jan. 6
Dee. 30
Sales of the
week
bales.
33 00C
Of which exporters took. ..
Of which speculators took.
8,IO0
2,300
31.000
i2,00C
77,000
834,00C
aales -American.....
export
Forwarded
Total stock— Estimated
Of which American—Est'd.
4,otxial
J?otal
tmnort of the week.....
Of which American
Imount
afloat
Of which American
765,000
181,000
147,000
366 000
820.00C
49,000
4,000
3,000
47,000
12 000
93.000
876000
806 000
148 000
134 000
327 000
286.000
Jan, 13
Jan. 20,
52 000
64 000
6,000
6,000
60,000
16,000
79.000
929,000
862,000
8,000
3,000
49,000
13,000
92 000
938,000
868.000
116.000
93,000
306,000
258,000
15;, 000
138 000
301,000
250,000
The tone of the Liverpool m.ark9t for spots and futures
3ach day of the week ending Jan, 20 and the daily closing
prices of spot cotton, have been as follows.
Spot.
Market,
Sat'day.
r
Steady.
12:30 P.M.
8-82
Mid. Upl'dfi.
Sales
Spec.
6,000
& exp.
500
Monday. Tuesday. Wed'day. Thursd'y Friday.
Fair
Moderate Moderate business
aemanis. demand.
doing.
8-82
7,000
1,000
Good
demand.
Easier.
3 81
3 75
3 81
10.000
1,000
12.000
2,000
12,000
4.000
Qnlet at
1 pU.
Qnletat
decline.
advance.
8-87
9 000
3.000
Futures.
Market
?
opened,
j
Market,
4 p. M.
Onler,
Qolet at Steady at qteafly at
3 pts.
nnch. to
ipt.
8 pts.
decline.
kdvanoe
1 pt. adv. advance.
Dull,
nnch. to
I
\
i
pts.
Steady
1<?2
at
pts.
Steady
at
41^7 pts.
dec. advance. advance.
Qnlet at
Very sfdy
i4 pti.
decline.
iiaS pts.
decline.
Ipt.
1
Steady,
1
<
anchanK'd
THE CHRONICLE.
The
prices of futures at Liverpool for each day are given
Prices are on the basis of Uplands, Good Ordinary
cianse, unless otherwise stated.
The prices are given in pence and 10Q<A. Thus: 3 70 Miean'
S 70-lOOcI.
below,
rv
mou.
Tues.
Wed.
Tliurs.
Frl.
Jan. 14. Jan. 16
Jan. 17
Jan. 18
Jan. 19.
Jan. 20
Sat.
12^1 1
p.
4 \12\ 4 12i«| 4 12>« 4 IZ^fl 4
M. p. M, P.M. P.M. P.M. P.M. P.M. P. M, P.M. P.M.
121s!
M. P. H.
p.
I
d.
d.
d.
d.
\
d.
\
?
.
Oot.-Nov ...
Nov. -Deo. ..
d.
d.
8 70'8 69 3 713 76378 69 3 63 8
3 70 3 69 3 71 S7o|3 73 ^69 3 69 3
3 73,3 72 3 74 3 79 3 77 3 73 3 73 3
3751375 3 77,3 82,3 80 3 77 3 76 8
3 78 3 78 3 8), 3 85 3 8.1 3 80 3 79 3
8 80 3 80 382388886 r{83 3 82 8
3 83 3 83 3 «5 3 91 3 85- 3 86 3 85 8
3 85 3 85 3 87 3 93 3 91 3 88 3 87 3
883386 3 83 3 94 3 92 i 90 3 -9 3
3 878 87 3 89 3 96 3 94 i9; 3 90 3
i89 3 88 3 88 3 90 3 97,3 9ft 3 9? 3 91 3
J 89 3 89 8 89 S91,S93;3 98 3 93 3 92,3
70
J an. -Feb .. i 70
3 73
Feb. Moh.
Moh. Aorll. 3 77
!80
April May
May-Jtme... 3 82
f 84
Jane- luiy.
187
Jaly-AUK3 83
Auk -8«»pt
i 89
Sept -Oct..
Janoary
d.
d.
=,
d.
d7
d.\
3 66 8 t8 3
36 3 68:3
8 70 3 7113
3 74 3 76 8
3 77 3 79 3
3 80 3 82 3
8 83 3 86 3
8 85 3 8713
8 87 3 89 3
8!) 8 89 3 9113
8S 3 90 3 92 3
87 8 91 3 9313
63
63
67
71
74
77
80
82
84
66
66
70
74
77
80
83
85
87
89
90
91
BREADSTUFFS.
Friday, Jan.
A feature
of the
market has been the pressure
20, 1905.
to sell
K >n
move supplies sellers have accepted lower
pii.:e8, the sales made being at |5 25 to 5 85 for etraights and
|5 4C@5 50 for patents. The demand for spring- wheat fl )ur has
EBB flours,
and
to
been slow but prices have been well maintained, especially for
choice grades. City mills have beea reported as quiet bat
eteaiiy.
The demand for rye fljur has been light but prices
have held steady. Buckwheat fl:)ur haa had a limited sale at
unchanged prices. Corn meal has been in better demand and
steady.
Speculation in wheat for future delivery has beea quiet
and there has been a slight yielding in prices. Immeiidtely
following our last report there was a f j.-actIonal advance, shorts
being buyers to cover contracts, stimulated by strong advices from th3 Northwestern markets and a light orop movement; the early week statistical develop aieata showing good
decreases in the visible snpply operated in favor of the
market.
Subsequently, however, there developed a weaker©
undertone.
The feature was a freer movement of thr
orop, the receipts at the interior markets showing faiincreases, and ttie advices from the West reported freer of
ferings of cash wheat. Weather conditiins in both this
country and in Earope were reported generally favorable for
the winter- wheat orop. Reports from the interior say thac
winter wheat as a rule is und>>r snow. The weekly figures
of Argentine wheat, it wa^ estiof the export movemeo
mated on Thursday, w ould show large shipments to Europe,
and this had a weakening Infiaence upon values. Locally
the epot market has been q liet anl easier. To-Jav toe marks \) was weaker early in the day, due to speculative holders
li^Qidating, but at the close there was a recovery. The spot
[Vol. lxxx.
DAILT CLOSING PRIOBS OF OATS IN TiWW YORK..
8at.
Mon. Tues.
Wed. Thurs. Fri.
STo. 2 mixed In elev
Nom. Nom. Nam. Nom. Nom, Nom.
No. 2 white In elev
Nom.
37% Nom. Nom. 88
Nom.
DAILT OLOBINO PBIOBS OF NO 2 MIXED OATS IN CHICAGO.
Sat.
Mon. Tues.
Wed.
Thurs. JVi.
May delivery In elev
31%
31
3078
31%
31%
31
July delivery in elev
31%
31
31
31%
31%
SI
Following are the closing quotations:
FLOUE.
Fine..
Nominal.
Patent, winter
$5 80 '95 90
Superfine
City mills, patent. 6 40 «6 90
$4 00 ®4 10
Extra, No. 2.
Rye flour, superfine 4 25 ®5 00
... 4 10 -SA 15
Extra, No. 1
4 20 314 35
BuoKwheat flour.. 1 95 '92 10
Clears
Straights
Patent, Bprlng
Oom meal—
®4 65
©S CO
®6 95
4 25
5 15
5 65
,
Western, etc.... 2 90 98 00
Brandywlne..... 3 00 '93 10
OBAIN.
Wheat, per bush—
0.
Oom, per bush—
o.
«.
o.
N.Dul.No.l
l.o.b.125%
Western mixed
49 flSi
N. Dul., No. 2..
f.o.b.ll9
No. 2 mixed
f. o. b.54
Bed winter. No. 2.. f.o.b.ll»%
No. 2 yellow
t. o. b.57
Hard winter. No. 2. f.o.b.Njm.
No. 2 white
1. o.b.Nam
3at8— Mixed, p. bush. 37 '938
Rye, per bushWhite
37%'941%
Western
87 -ago
No. 2 mixed..
Nominal.
state and Jersey.... Nominal.
No. 2 white..
Nominal.
Barley—West
46 «63
Feeding
41 -944
Exports of ^t&in ainxi Flour from Pacific Porta.— The
exports of grain and flour from Pacific ports for the week
snding Jan. 19, as received by telegraph, have been as follows:
From San Francisco to United Kingdom, 190,000 bushels
wheat, to Japan and China, 500 bbls. flour, to various Soath
Pacific ports, 11,145 bbls. flour and 800 bushels wheat.
Combining these figures with those for previous weeks, we
aave the following, which covers the exports to foreign
ooun tries for the period since July 1, 1904, comparison being
made with the corresponding i)eriod of 1908-04.
Exports
Flour,
Wheat,
Oorn,
Oats,
Barley,
Bytf
from—
hush.
91,S83
23,383
bush.
512,009
800,744
Portland.. 414,536
bush.
1.395.821
1,384,551
1,483,760
Total.... 1,727.289
rot. '03- i. 2,116.851
4,254,132 116.268
4,916,467 26872
bbls.
Han Fran.
PugetS'd.
bush.
bush.
93,603
112,464
8
429,606
211,075
257.441
854
894
2,753.782
124,050
3 312,488
7.21i,620
1.248
707
The aggregate exports from the Uaiced
States of wheat
and wheat-flour, expressed in bashels, for the six months
from July 1 to December 31, iaclusiva, have been as folio ivs
for four years.
WHEAT EXPOBTS FKOM JOLT
1904.
Wheat, bashels.
3 803,751
Flour,reduc.tobu8h.2L, 066,300
Total bushels
24,872.051
1
TO DECEMBER
1903.
34,949,104
45,190,241
31.
1902.
1901.
75,258,283 101,204,565
43,090,120
45,947,074
80,139,345 121,205,357 144.294,686
The movement of breadstuffs to market as Indicated in the
tcatements below is prepared by us from figures oolleoted
by the New York Produce iiixchange. The receipts at
Western lake and river ports for the week ending Jan. 14
and since Aug.
1,
for each
ol'
the last three years have been:
':
market was quiet.
DAILT OliOBINO PRIOEBOF
WHBAT FOTDRES IH
Sat
No.2redwlnter, I.o, b... 12131
116%
May delivery In elev
10388
July deUvery In elev
Sept. deUv. In elev
94»fl
DAILT 0LO8IHO PBICES OF
8at.
May dellv.
In elev
July aeli-v. in eiev
Bept. deUvery In elev....
lieoa
99
9188
Mon.
Tues.
121%
120
115''8
liesg
10214
9138
102^8
9188
115%
Thurs.
F'-i.
13034 119Ja
114S8 114»«
102»4
102ifl
94ia
1025h
9i'8
WHEAT FUTCSES IN CUtlCAGO.
Tues.
Mon.
Wed. Thurs.
fri.
115>« HftSe ll6»fl
114»8
115
98i«
98^4
98%
9S
98^4
91i8
91ia
9114
91ia
91
ladiaa corn futures have continu:)d to attract merely a
amount of specuUtive attention and only fractional
changes have occurred in prices, the undertone of tho market
holding fairly steady. The movement of the crop has reached
only very moderate figures, and this has induced a limited
amount of investment buying throu^ijh commission houses.
Oa the other band, howevar, the trade demand has not been
satisfactory, exporters have not taheu auppliea as freely as
expected, and the buying by the home trade has lacked spirit.
The export business in the local market has been light, but
there ha" been a moderate amount of corn sold for shipment
via the Golf ports. To-day the market was steadier on reports of fairly large export sales in the locttl market,
DAILT OliOBmO PKIOEB OF NO. 2 MIXED COKN IH
YORK.
NEW
Mon
Tues.
Sat.
Wed. Thurs.
Fn.
6414
54
64
6*
Caah oorn f. 0. b
64
54
50ij
5014
60^
50%
May deUvery In elev
SO^e
SO"*
DAILT OLOBINO PKIOEB OF NO. 2 MIXED OOKN IN €IIICAGO.
elev
July dnU very In elev
Bept. delivery In elev
O its for
Bat.
4l''«
Mon
44%
4^i6
Tues
Wed.
44%
45
45i«
Thurs.
4t%
FYx.
44~b
45%
4.^»4
45<)8
45%
45%
45%
future delivery at the Western market have been
46ae
45>4
4508
124,714
BarUv.
Oats.
Bv*.
Bu.K
Ibl.
1,012.400
88,40C
2.303
155.83;
22),430
2U,7lO
163,400
13.887
163.720
i!d,5U0
UUwaukee..
2,458,600
189,100
l,7ai,8i30
Cfhloago
836,000
50,911
73,11)0
1,000
60,400
10.400
4.634
80.820
4,800
860,0J0
95,040
210.4 8
83.975
Dolatta
Detroit
7.400
2.400
Cleveland
S8.;i9:)
7,8U0
Kanias Oltr-
307,270 "3,^35.260
314.B0i5
4.914.830
8.213,iat)
246.841
Tot. wk. 1905
Same wk. '04.
Same wk. '03.
Hinct Aug. 1.
1904-6
583,9 i2
30,811
407,96i
i'ai,6i8
2:34,1 '0
310,000
1.250
89,000
19.800
210.000
188, lUO
ei.ooc
86.030
4.9 ;o
79,200
4,188,638
2^06,566
951.749
4,812,700
4.790.8^0
1.118.087
4,333,2-8
8,176,89;
1.048 2S5
134,754
151,593
li4,0S8
6.610
8d6,184
1&.200
372,6a0
...
Lonli....
Peoria
St.
9.2:6.102 143.<!49 388 91.847,977 91,741693 46.105 828 4,839,008
10.59^,483 158,404 008 85,179,791 86,837,01^ 43.vi03 719 4,711.600
11.063 0^0 178.0««.713 68,9U,4S0 9H,ini,B88 36,2784a8 6.6tf9,5i0
1903.1
1902-9
The receipts of tlour aad grain at the seaboard ports for
week ended Jdu. 14, 1905, follow:
the
uavw,
/lour,
kM»
at—
ReeeiptB
NewTork
^.
184,153
Bonton,... ......^v,^
Portland. Me. ... ....
Philadelphia .........
Bultliuore
.^
8a"22
Klohmond
........
.S.493
47.416
35,-46
2.150
b-.»>
71,175
8,S75
109 98:<
13,HS6
31,347
31.510
Newport News. ...^
Norfolk
Mobile
New Orleans
QalTenton ..
Montroal
St. John, N. B.
714
886.H00
664 3»H
\i Mi
*Mi!k,
67.000
298.600
8H.401
IW.OJO
2i**',l»71
86 330
18 782
1.68
9,000
i,O0()
034
11,884
894
l:;8.<0)
l,50i)
»7«1
11,4
bfiMb
9b, 124
!l
1.8^0
7,886
'"6,763
"ioiiss
lOl.OrtO
33.9<:8
92.406
1
!.
13.112
49,022
compare as
1905.
631.876
1904.
1.131.018
1903.
1H02
bbl8.
1,204.724
1,3^4,323
..bash.
BeeHptS Of~
Flour
6.191,714
1,031,H2»
2.404.404
1,101.285
6,286,767
0,<!70,913
.
8.(5^.6815
a,H7<!,(IH4
6 631,30d
..
1,095,818
2,000 88J
276,098
li0,J78
2.7lK.fl43
40,277
218.0ti8
183.320
46,808
11.C70.884
11636,909
16.084.044
8369.881
27.f,8rt8
Barley
are
•••
14,000
876.4311 3,S0J.764
ToUI week ...... 270.040
819.319 1,484,562 1,570,161
Week 1901
Total r:)oelptfl at porti froioa Jan. 1 to Jan.
oUowB for four years:
and there has been a fractional decline in prices. Wheat
Corn
Early in the w^ek the market held steady, a fair decrease in Oals
>
8i).7l4
17,829
1.H21
l^,26i^
«-.
•• ••
—
"8.460
8:t,407
687,a7i
21.7/2
87e,74n
567.083
011,651
.
quiet,
the viaible supply figures favorably Infl lencing the m-Mk it.
Sub8pqa«ntly, however, owing to ihe lack of luterast eh )wa
by buyers, there developed a slightly easier tone. Locally
there has been a mo lera':ely active and steady murket. Today the market held steady.
Oorn.
BblM.iWlbt B'US'i.OOlbf auth.Wlbt Bu»h.S2 Ibi ^uih.4Slbi
Toledo
limited
Mav delivery In
WHmt.
JiOM.
at—
ULinneapolii.
NEW YORK.
Wed.
12ai«
BeeeivtM
..,
Tot»ltf«lll
-
406113
The axporti from taa aeveral soaiooard ports for the week
ending Jan, 14. 1905, are shown in the annssod statement:
:
THE CHRONICLE.
Jan. 21, 1905.]
umm,
'•»•••»,
Joytrtt frotK—
Hew
York... ».
kv«k.
885.2M
^uili.
80.007
roMUBtf, M«. 10\993
BOIton
41,4U5
«8.814
288,837
17,143
61^.3j9
80.714
87P.749
6w2,985
miUdelphla
Balttnoorc
WorfOlk
MCW^'rtNawi
HtwOrlMni
804
OftlTMton.
at.JOkn, N.B.
Total
98.134
wask
t
u*--
•
ft«'
123.073
8,085
387
4C0
••
714
76
4,508
1.800
1,500
'.^84
SSO.eie 3,685 331
tUfJk
btttlt.
36.079
19,000
70.133
S.tOS
7,950
13.f53
14,eu5
Uaruv,
x*«*,
ua(s.
JfloUT,
hbls.
j7.Ha9
7.886
Itobtia.
1,821
6,693
33.922
........
123 333
28J.798
157.595
4a,073
67,054
61,341
8.6 2
43.C91
Bamatlma'04. 1,310.260 U11,U9
Tlio destination of thes® axpor&e foi' the week and since
Jnly 1, 1904, it as below:
^^. whttiu
-<
-earn.
Ma9*tU fur
Wuh Sinie July w$tk Bins* Jul]
Jan 14 1, 11D04. Jan. 14
Jan. 14
1, 1904.
1. 1004.
iv««h and tintt
rtuftA
bun,
t>uth.
bU(fc
hwi>
iTvIv 1 <«—
bUa.
7.243,35a 1.824 368 12.017.714
0oltaa Smsfloaa 42.431 1,780,457 230,496
—
OoatioaDt
691,366
860,147
671,693
•tka; aonntriai
>rot8l
a:otal 1908-04....
182,353
888.798
3,612286
»*
Amarlna.
818,310
3.500
94.12t
17,91S
20,278
17,189
1.774
S2,blU
A 0.
Wait inAiai....^
r.K.Am.Oolo'i
6-2.280
SC6,1S2
1.7»a.888
16.7H0
S8,f50
8.785
11,994,1118
8,683 331
911.119
84.874,252
33,037,150
iao,«04
5 5.65
116,151
39.670
'53.4ii
826.619
8,130,166
47.741.610
0.413,868 1.310,:j60
Tbe vlsibU supply of giraln, comprising the stocks is
granary at the principal points of accnmnlation at lake and
ports, Jan, 14; 1905, was as follows:
OarK,
OaM,
taboard
In
(tor*
I
New Tork
Do afloat...
BOltOD
1.870.100
0aiTaatoD
MOBtraal.
toronto
•
2;9,''00
^
32 000
163 boo
66 000
16.r00
4,017,000
88,000
126.000
3.000
120,000
3,000
1.861,000
sio.noo
247,000
3d4,O00
801.000
45,000
18.000
140.000
670,000
Do afloat....
DO afloat....
DalTOit
Do afloat.
OUaafO
Do afloat....^
MUirankaa
DO
afloat
111,000
77,')d6
18,000
1.75i.t.00
1.680,000
£08,000
Wmiana
PortArtku
Fort
Do
8.0C0
29,000
SS3 00
Bsflalo
Tolado
hug?
480,000
70i),000
.......^
.,..
103 000
1,821,000
2,8 6,000
Barit
148.000
103,000
455,000
170 «^0
583,006
773,000
820,000
**t*v a^*-*
Svlath
622.000
%v,t\.
1,340, JOO
.,.>
,.«a.«M
Pklladalphla
Baltlmora
Naw uriaaof..
8.2l4,6b(
575,000
8,000
'
'
SI ,006
2.618.000
2,627 000
3E9,0oV'
847,Gb0
459.000
80,000
849,000
35.000
8.863.000
178,000
403.000
s.sef^.ooo
79.000
1.951.000
073.000
9,W0
25 000
12,000
3.013000
1,459,000
4,308.00c
,
afloat.....
Minnaapolia
Bt.Loaia
_ Do afloat
KaniaiOUy
is84R.ooo
S.113,000
..»^
Paoria
Iii«iaaa90lli.
ii,„-„vc.;
118.000
170.000
1.882.000
416,i)o6
633,066
„M9g.
267,000
ItiO.OOO
^,
1.843 300
isa.ooo
28.000
l.OJO
3.000
20.310.000
1,773,000
2.038 300
1.275,000
l.u7i,ono
2.421,000
6,371,000
6,754.000
5,113,0«j
64 000
OiaanalandrlTar
11,879,000
10,919,000
6.264.000
7,050,000
11,302.000
21.i!0 4,000
8,6:<2,00C
4,188.000
4.212.000
2 862 00<
2,161 JOO
THE DRY GOODS TRADE.
New York, Friday, P. M., January 20, 1905.
The principal feature in the cott )n goods market during
the week has been the settlement of the Fall River strike by
Governor Douglas of Massachusetts. As the operatives have
agreed to return to work at once at the 1%% per cent wage
reduction against which they struck, pending a settlement of
their differences with the manufacturers, the victory appar
ently rests with the latter; but this may not prove to be the
cage when the difference between the cost of the raw material and the price of goods has been decided upon.
The immediate effect of the settlement on the market has been unimportant, except that it has caused buyers to hold off still
farther, awaiting more definite knowledge of what the result
of the re-commencement of work will be. Trading, therefore,
has been of the same quiet character as before and buyers
have again confined their purchases to those goods that they
require at once. Prices have generally been firmly held, but
there has been rather more heard of irregularities on certain
lines with possible revisions in the near future. Export business has been insignificant and contracts for the future have
been neglected. la tha woolen goods division there have been
farther opanings of
m'a-wear woolen and worsted goods
and prices havo again been advanced. Business contiaues
active anl general satisfttctl on prevails.
m
DoMESTio Cotton Goods.—The exports of cotton goods
from this port for the week ending Jan. 16 were 2,433
Oreat Britain
Other Earopean
China
India
Arabia
Foreign Dry Goods.— Imported woolen and worsted dress
goods have been giiet during the week, with prices firm but
little tiiat is new in the way of development.
Silk prices
aave again been advanced. Ribbons are quiet and ficmly
beld. Linens are considerably more active, with reorders
heavy. Burlaps have again become firmer after the recent
slight reaction.
Importations and W^arelioase \Flt]idra^«ral8 of Dry Goods
H
PS
Si
S
s
g
s
§ no
to |si9|§
t
Siifi 1
E3
t
B
».
t>l
o
115
""54
1904.
1
65
84
i'.Vib
Indies.........
(587
""e's
1.039
Blexioo
Central Amerloa...
42
257
100
623
1,120
1,976
197
336
America
Total,
2,430
New
i
Dill
:
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Week. Since Jan.
1.
1.
00 go
<ouo
ccta
Kk^MOO
WO<%too
M
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-a
««!
W*
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5,286
1
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'4
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3
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93
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00
00
06
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(9<ao
;
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toi^
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44
8,726
1,073
649
54S
52
276
673
241
6,964
of these
York exports since Jan. 1
1859.27? in 1905, against $443,885 in 1904,
814
55
1,0.34
1,160
8.34
9,187
has been
Hfavy brown drills and sheetings have again been among
the firmest of all lines and buyers are still experiencing
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1,286
Other Oountrles
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Afrioa
The value
Woolen Goods.— Several new lines of men's- wear worsted
fabrics have been opened during the week at prices ranging
from 15 to 20 per cent above those of last year, and it is stated
that some of the hJg':ier grades of goods to be opened later
will show even fanner advances.
This is a source of satisfaction to buyers who have already purchased heavily at a
lower level of prices than that prevailing at the present time.
Tne numbsr of buyers in town has largely increased and
trading continues of large volume. There is some doubt as
to the position that mercer iz ^d worsteds will finally occupy
in the market, but for the moment they are being heavily
purchased, principally owing to the success that they met
with in the spring season. On the whole, worsteds so far
have proved more popular than woolens, but this may be reversed when the higher grades are shown and when the reorder business commences. As far as colors are concerned,
browns are the favorites in the cheaper goods, but grays predominate in the medium and higher grades
Several lines of
dress goods have been opened during the W3ek, but the interest in these is so far small.
Prices are higher, but the
i\ar
1905
16.
Week. Sinc& Jan.
Bontti
China daring the week, but lots have been small and there
are as yet no signs of any substantial increase in this class of
The orders for bleached goods have been of a rebusiness.
tail character, but prices have been firmly held and th^re is
a continued scarcity of supplies, particularly of low- count
goods. Denims have been somewhat irregular and it is reported that present prices may be revised shortly. Ticks,
plaids and other coarse, colored cotton goods have bsen quiet
Th-^ra has been no new development in
•It recent figures.
canton fl mneis and cotton blankets, Kid-finished cambrics
have been lees active, but the prospects for the future are
bright. Staple prints still move slowly and buBlness in
fancies has been unsatisfactory. Staple and fine grades of
ginghams show no change either in the volume of bueiaeas
transacted or in prices. Print cloths are irregular with wide
61 ^ rather firmer and narrow goods slightly easier, the latter
on the bans of 2i5^c. for regulars.
wo
packages, valued at $195,326, their destination being to the
points specified in the tables below
West
difficulty in securing quick delivery of goods that they require, In spite of this, however, their orders are oonfiaed to
prompt shipments. Converters admit an itnprovtiment in
business, bat have not appeared as buyers, claiming that
previous purchases are sufficient to keep them going for
some time. Light-weights have only been in moderate demand, but prices show no change, it has been reported that
a few sales of 3 and 3'25-yard sheetings have been made to
larity exists.
Jan. 14 1906, 30,686,000
.40.866,000
Jan
7. 1906
Jan. 16. 1904, .40,376,000
Jan. 17, 1903,, .49.727.000
Jan. 18. 1902.. .69,373.000
Nbw York to Jan.
233
market has not yet found its level. Blankets have again been
advanced during the week, but at present considerable irregu-
Oa Miiiiiiifpi Birar
•iLakai
Total
Total
Total
Total
Total
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,.^_
THE CHRONICLE.
234
mn
St^te
^tfAnwmr.
C8TY
News
—
Building.
Massachusetts.— Si?'e<^f Riilways Meeting Requirements of
Savings Bank Law.— We are advised by the Board ol Commleeioiiers of Savirgs Banhs that tbe Railroad Commissioners have certified to the Savings Banks Commiasioners, as
required by Chapter 483, Laws of 1902, the following street
railway companies as having earned and paid 5% dividends
for the past five years :
Hnoaao Valley St. Ry. Co.
Athol & Orange St. Ry. Co.
Dartmouth & Westport St. Ry. Co. Plttsfield Electric St. Ry. Oo.
Sprlngflelrt St. By. Co.
East Middlesex St. Ry. Co.
Fitchburg & Leomlaeter 8t.By.Oo. Union 8t. Ry. Co.
West End St. Ry. Co.
Holyoke^Bt. Ry. Co.
The iist is the same as published two years ago, except that
the Boston & Northern Street Ry. Co., the Newton Street
Ry. Co. and the Northampton Street Ry. Co. are now missing from the list. Under the above-mentioned Act the bonds
of these street railway companies are a legal investment for
savings ban^(s. Sae State and City Section for November,
1904, page 2251, for full text of this Act.
m.exic).~Niw Loan All Sold.— The $40,003,000 United
States of Mexico 4| gold bonds taken over last fail by a synCo. of New York City have all
dicate headed by Speyer
been sold, the syndicate members not being called upDn to
make any payments whatever on account of thei: interest in
the business. See V. 79, p. 1728, for description of loan.
&
New lork
Citj.—Aisessrmnt
We
Rolls.
—The
assessment rolls
Naw York
were thrown open to the publio on
give below the 1935 figures as contrasted with
of the city of
Jan. 9.
the January estimate for 1994, the fiaal figures being also
given for 1904
Real Estate.
1904,
:
Borough—
Manhattan..
..
The Bronx...
1905.
$3,605,S64,<»11
232,'293,533
fc90,707,732
Jan. Estimate.
$3,512,439,261)
251,620,397 5
863,805,107
Final Figures,
a, 0*7 qs's uaa
»3,yi/,>4ai5,>583
Totals
135,637,935
43,324,230
127,45.?,050
45,066,4,24
901,9 U,957
131.379,225
44,205,709
$4,937,318,376
Brooklyn ...
Queens
Ulohmond..
$1,798,390,239
$5,015,453,779
Pebsohal.
Manhattan
The Bronx
Brooklyn
gieens
lohmond
49,5U,573
18,094,835
$8,915,970,682
53,953,386
534,607,233
6«,497,173
18,937,910
"^
>
$523,235,608
5
88,!i7.?,775
7,477,425
5,792,070
$3,630,674,671
Totals
Grand
$2,987,462,48 J
58.668,703
516,927,090
total...,
$4,589,966,384
$625,078,878
$8,567,993,047
$9,338,356,623
$5,640,642,657
The above figures do not include special franchise ass ass
ments, which in 1904 aggregated $351,521,450, and it is estimated wi.'l be about the same for 1905. The bo jks remai i
open until April 1 for inspection and correction, and in the
meantime the "swearing off" of personal taxes will wipe out
the greater part of the personal property valuation, as in
previous years.
Virginia.—Additional Virginia Certificates Listed on
Stock Exch xnge.— Tha Wost Virginia Debt Settlement Com-
which John Crosby Brown i3 Chairman, had listed
on the Nf^w York Stock Exchange on Jan. 18 $1,7jO,000 additional Virginia deferred (Brown Bros. & Co.) certificates,
mi'.tee, of
making the amount now
$29,000 5^ refun-liag bonds.
|1,100 to find a purchaser
premium from the
final purchasers of the binds.
Securities
are in denomination of $1,003. D^te,
c. 1, 1904,
laterest,
Feb. 1 and Aug. 1. Maturity, Aug. 1, 1935, subject to call
$3,000 in 5 years, $3,C03 in 10 years and $5,000 in 15 years.
Altona (Town), Cliatoa County, N. Y.—Bond<i Not Sold
No bids were received Dae, 81 for $3,0J0 bonds offered by
this town. Securities mature $500 yearly, beginning May 1,
1909.
The interest rate was limited to 4^. B. McGregor
(P. O. Forest) is Town Supervisor.
Amarillo, Tex —Bonds Not Yd Sold.— T^o sale has yet been
made of the $45,000 4% 5 40 year (optional) sewer bonds described in V. 79, p. 2222.
A'i&(iATk%Okla.— Bond Sale -On Jan. 2 $10,000 Q% 20year water bonds were awarded to Jam-.s Q. Cahill of Chicago at 104*25. Dacomination, $1,000.
Anderson Coanty, Tdnn.— fionds Not So/i.— No satisfactory bids were received Jan. 2 for the $100,000 A% road bonds
described in V. 79, p. 2759.
Arcade, N. Y.—Bond O^eriwgf.— Proposals will be received
until 12 M., Feb. 1, by G. A. Barnes, Village Clerk, for the
$20,000 water bonds authorized by a vote of 63 to 25 at the
election held DcC. 27, 19C4. D.nomination, $800. Date, Feb.
luterest annually on Sept. 1 at the Citizens' Bank
6, 1905,
of Arcade. Maturity, $800 yearly on Sapt. 1 from 1908 to
Bonds are issued pursuant to Chapter 414,
1932, Inclusive.
Laws of 1897, and Acts amendatory thereto. These bonds
are put out for the purchaso of the water platit of the Cattaraugus &Wyom'ng Water Supply Co. Rate of interest is
to be named in bids, but must not exceed 4%. The village
has no bonded debt at present. Assess^^d valuation, <{509,000.
Bay City, Mich.— Bond Q^ertng'.— Proposals will le received until 8 p. M Jan. 80, by T. W. Moore, City Comptroller, for $10,000 4| refunding water bonds. Denomination,
Dite, Feb, 16, 1905. laterest Hemi annually at the
$1,000.
National Bank of Commerce, New York City. Maturity,
Feb. 16, 1935. Purchaser will be required to pay accrued interest and also to furnish lithographed bonds free of charge.
Unconditional certified check for $250, payable to the City
Treasurer, must accompany proposals.
listed 110,416,565.
—
,
Bemidjt, M.imi.~Vota on Bond Proposition— Bond Offering.— The qaestion of issuing the $10,009 5^ 20 year coupon
fuEiding bonds which this village is offering for sale was submitted to a vote of the people on D^c. 20, 1904, with the result that 126 votes were cast in favor of and 21 against the
proposition. As stated in last week's Chronicle, proposals
for these bonds, accompanied by a certified check for $300,
H
will be received until 8 p. m,, Jan. 80, by
W. Bailey, Village Racorder. Denomination, $500. laterest semi-annually;
place to be designated later. Bonded debt at present, $32,000;
floating debt, $5,000. Assessed valuation 1905, $1,000,000.
Bonis Nut Yet Sold.—
are advised
Brevard, N.
that no S'ile has yet been mad^ of the $25,000 5^ 30-year
street, wa er and s3wer-improvement bonds mentioned in
C—
V. 79,
Bond Proposals and Negotiations
p. 115.
bonds.
Bonds Authorized,— The issuance of $50,000 water bonds
has been authorized. These bonds, we are advised, will
probably not be put out before the last of February or the
of March.
Brookline, Mas^.-Sales fcr the Year,— We are informed
that this city during tae year 1904 put out $259,000 3^^
first
bonds, as follows
120.0^0
40,000
40,000
110,000
40,000
as follows
:
Sold to the Boston Safe Deposit & Trust Co. at par.
314% 1-10-year (serial) street widening bonds. Awarded in May.
3H% l-lO-ye-ir (serial) school bonds. AwarJed in May.
Sa% 1-20 year (serial) water bonds. Awarded in April.
Sold to X. W. Harris & Co., Boston, at par.
3H% l-20-7ear (serial) land purchase bonds. Awarded In June.
3>6J6 1-10-year (serial) school bonds. Awarded in June.
W.
&
Co. was recorded in the Chronthe first time, however, that the sale
of the $100,000 bonds to the Boston trust company has been
The
this
We
Brockton, Ma^s.—Bond Sale,— ThU city has sold to the Pecplb's Savings Bank of Brockton an issua of $30,000 sewer
sale to N.
icle June
week have been
The city paid the Chicago firm
and that firm also received |403
D
Items.
Manicipal Band Sales in 1904.— Oa a preceding page will
be found an editorial artiold dealing with the manicipal bond
gales for tha calendar year 1934,
Kentucky.— Special Session of Legislature, Gov. Beckham
convened the Sta^.e L-gislature in special segsion on Jan. 12
for the purpose of determiaing upon a site for the new Capitol
[Vol. lxxx.
made
18.
This
Harris
is
publio.
Canton, Ohio.— Bond Sale.-On Jan. 16 the $22,000 25 year
refunding bonds described in V, 79, p. 2759, were awarded
Aberdeen, ittlaa.— Bo»d Election.— la the Chronicle last to W. J. Hiyes & Sons, Cleveland, at 103*90 and interest.
week we stated that the Mayor would offer for sale about Following are the bids
March 1 170,000 b% coapon water and sewerage bonds and W. J. Hayea & Sons, Cleve.. .I|i'i2.858 00 Denlson. Prior & Co., Clevealso that these securities are the same as those awarded on R. KleybolteA Co., Clncln... 2.3.045 00
$82,400 00
land and Koston
:
&
Co. of Calcago, We are now
advised that the Chioaf^ ) firm refused the bonds for the reason that their attorneys advised them that the charter of the
city had not been amended in the proper manner. The city
has now amended its charter in the way pointed out by the
attorneys for th) Chicigo houfje, and will again submit the
question of issuing these binds to the voters at an election
to be h'sld Feb. 27. If the proposition carrier, tha bonds will
then be off --reel by public advertisement.
Allegheny, Pa.— Bond Election,— The Se'eot Council on
Jan. 9 passed ordinances providing for the submission to a
vote of the people of the question of issuing bonds as follows:
Nov.
2,
$430,000
1904, to F. R.
Fulton
fordimaKes and exijensos for Improvement of streets.
reirradii.K etreelH, con'structmB aewcrs and damnKCs to private
2 J.OOO for
pr<)pert?.
90,000 for repiiiri) and iruprovoments to parks.
85.0)0 for eni-'inij boUB(t In Kdurteenth Ward.
85,000 for IniprovemontH to City Hume.
22&,0<)0 for cxteuHioa ol water system.
Almi, K&a.—Bond Sale.— The city has sold through H. C.
Speer & G j. of Chicago to the Knights and L iidles of Security
Lodge, with national headquarters in Topaka, an issue of
SpltzerA Co.. Toledo
W.
K.
Todd & Co.. Cincinnati.
2a,48B00
82,455 00
22.440 00
A. Kleybolte&Co.. Clncln.
SeasonKOod & Mayer, Clncln. '.^2,437 CO
.
C—
UnlonSav.BX & Tr. Co
Huydeu. Miller & Co., <'leve.
Sociirltv Sav. Baiik * Tr. Oo.
Prov. Sav. B'k
A
22,335
22.279
22.126
Tr.Co., Cln. 2«,00j
00
(0
00
00
Bond Sale.—Od January 17 the $140,000
Charlotte, N.
fundiag and $210,000 water-works 4^"^ 30-year bonds were
awarded to the
rcantlle Tru.st & D -posit Cj. of Baltimore
Djnomlnation, $1,000. Date, aboui March 1, 19D5.
at 103 61.
Interest, Jjinniry and July.
Cincinnati, Ohio.— Bo-idS^aic— Telegraphic reports state
that the $1,000,000 8J/^<? 20 40 year (option tl) water beads described in V. 79, p. 2760, were awarded yesterday to E. H.
Rollins & Sons of Chicago for $1,010,705.
Clinton, IIL— Bond Sale —Thl3 city, we are advised, has
sold $12,00) 6; paving bonds at a premium.
Colmau, S. Dak.— «ond« Not Yet SoZd.— This town has not
yet disposed of the $7,000 5^ coupon water-works bonds described in V. 79, p. 1854. Proposals will be received at any
time for these securities by F. L. French, Town Clerk,
Colorado.— Bonds Pjoposed.— The State Treasurer, in his
recent report to the Governor, states that'oeriacates of in-
M
:
thj^ chronicle.
Jan. 21, 1905.J
debtedness issaed in payment of military expenses due to
strikes and riots aggregate |776,464. The Treasurer recommends that the Legislature authorize the issuance of
$600,000 insurrection bonds to take up these certficates,
same to mature in twenty years and to carry interest at a
rate not exceedicg 3J^^.
Cynthiana (Ky ) School District.— Description of Bonds.
are informed that the |35.030 6% school bonds recently
awarded to the Union Trust & Savings Bank of Cincinnati
for $37,975 (see V. 80, p. 127,) are in denomination of $500.
Date, Jan. 1, 19C5. Interest, semi-annual. Maturity, ten
—We
and twenty years.
Denton, Texas,— Description of Bonds,— We are advised
that this city, at the election ^fov. 30, 1904, author'zid ths
Issuance of ^25,000 water bonds. These bonds will carry interest at the rate of 5%, payable at the Chase National Bank,
New York City, Denomination. |500. Maturity, 40 years,
sul ject to call after 10 years. Date of sale not yet determited. Bonded debt of city, Including this issue, $65,000;
floating debt. $10,0C0. Assessed valuation, |2,500,000.
De Pere, Wis.— Bonds Authorized Not a New JssMe.— Upon
inquiry we learn that the $27,300 water-worka bonds mentioned in V. 79, p. 2760, are the same bonds awarded last
October, |3,00n at IfiO'lO and $24,300 at par and interest (see
V. 79, pages 1729 and 1979). Because the ordinance authorizing the i'sue was not published before its adoption, it was
found necessary to re authorize the bonds to insure their
validity.
Detroit,
—
:
Mich.— Bond Sale.- On Jan.
16 the $120,000 Z]4%
ccupon building b.nda described in V. 80, p. 127, were
awarded to the Detroit Trust Co. at 107'818. Following are
the bids
FaltOD, Ky.— Bond 5aZe.— On Jan. 10 $10,000 6^ coupon
city-hall bonds were awarded to the A. L. Rich Co. of Cincinnati at 106'80, Following are the bids :
A. L. Rich Co.. Cincinnati... $10,680 CO C. H. Coffin, Chlcaaro
110,441 OO
TrowbridKe4 Nlver Co.,Chl.. 10,617 00 J. M. Holmes, ChicaKO
10,400 00
10,680 00 UnicnSav. Bk. 4Tr. Co.. Cin. 10 300 00
Well, Roth * Co.. Cincln
10.6x7 OJ 8. A. Kenn, Chicaco
Iii,3t0 00
N. W.Harris 4 Co., Chic
HeasonRood 4 Mayer, Cincln. 10,'1:78 60 Alberto. Caee New York.... 10,200 00
Lamprecht Bros. 4 Co.. Cler. 10,467 00
Denomination, $500. Date, Jan. 2, 1905
Interest semisnnually at the First National Bank of Fulton. Maturity,
Jan. 2, 1915. Boi^ded dtbt, including this lesue, $35,000. Assessed valuation, $1,018,000.
Gardner, Mass.— iVbfe Ojfcnnfir.- Proposals will be received
uniil 6 p. M., Jan. 24, by John D. Edgell, Town Treasurer,
school- house notes.
for $15,000
Date, D3C. 1, 1904. Denomina-lon, $750. Interest semi-annually at the First Naiional Bank of Gardner.
M-iturlty, $750 yearly on Dec. 1
from 1905 to 1924, inclusive. Accrued interest to be added
These notes were offered as d}4 Per cents on Jan.
to all bids.
10 without success.
H
Great Bend (Kan.) School District.— Bond."* Dc/ea«cd,
The
election Dae, S9 resulted in the defeat of the proposition
to ishue $30,000 high school bonds.
hool District No. 1, Cascade County, Mont.
be received until 10 a. M.,
Feb. 10, by O, 8. Warden, Chairman, for $90,000
refunding bonds. Authority, Section 1810, Political Code for 1901.
Denomination, $1,000. Date, March 1, 1905. Interest semlanncally at the office of the County Treasurer. Maturity, 20
years, eut ject to call after 10 years. Ceriified check or draft
for $2,000, payable to O, S. Warden, Chairman, required.
Bonded debt, inclur'ing this issue, $199,000. Assessed valua-
Great Falls
S<
—Bond O^eringf.— Proposals will
H
tion 1903, $10,500,000.
Detroit Trust Co., Detroit.. $12P,148 20
N. W. Hnleey & Co. and
Union Trust Co., Chicago. 128,184 00
H. W. Noble & Co., Detroit. 127,528 75
State Savings Bk., Detroit.. 127,278 00
I
I
,
I
1
Matthew Finn, Detroit
$127,900
People's Sav. Bk Detroit.. 12«,900
Farson, Leach & Co., Chic. 128.127
Hayden. .Miller it Co.,CleTe. 124,5.0
West & Co. (for 175,000)
79,350
,
00
00
00
00
00
—
Ohio. Bonds iVbt SoW.— We are advised
that the |62,u00 A% relnndlng bonds mentioned in V. 79, p.
27C8, have not been sold. It has been discovered that the old
bonds (to fund which the new bonds were to be issued) are
not refundable until Sept. 1, 19C5. An error in the city records had made it appear that the refunding could be accomEafct Liverpool,
235
plished at this time.
East Lyme, Conn.— Bond SaZe.- On Januarys |28,200 i%
refunding oonds were awardtd to W. J. Hayes & Sons, Cleveland, at 101 25. These bond?, together with |8,800 funding
bends, were awarded last month to the same firm, but this
sale was not consummated (see V. 79, p. 2808). Subsequently,
at a special town meeting held Dec. 29, the order to is:ue the
|8,80O funding bonds was rescinded, and on Jan. 8 the refunding bonds were sold as above stated. Denomiaatlon,
Date, Jan. 1, 1905. Inter|1,C00, except oce bond for $200.
Matutiiy, Jan. 1, 1926.
est, semi-annual.
Ediuborg, III.— Correction.— It appears from a second letter from the Village Treasurer, received this week, that hie
earlier communication to the effect that this village had
issued and sold $12,000 bonds was not correct, as the amount
so isEued arid sold was only $1,000.
Elyria, Ohio.— Bonds Votea.—Th\B city on Jan. 10, by a
vote of 332 to 65, authorized the issuance of $50,000 water-
Hamilton, OnU—Dibet.tures Voted.— On Jan. 2 this city'
by a vote of 2,332 for to 1,246 against, authorized the issuance of $50 000 i% 20-year hospital ex'ension debentures.
Hayerhill, ^ass.-Temporay Loan, This city has sold
two notes to Edgerly
Crocker of Boston at 3"86j{ discount,
the one for $200,000 due In eight months and the other for
$33,000 due in nine months. Notes are dated Jan. 13. 1905.
Herkim(r County, N. Y.—Bond Sate.—Oa January 5 $40,000 i% funding bonds were awarded to the Utica Trust
Safe Deposls Co. at 100*50. Denomination, $10,000. Date,
Feb. 1, 1905. Interest, annual. Maturity, $10,C00 yearly on
—
&
&
Feb.
1
from 1906
to 1909, Inclusive.
flighland Couaty, Ya.—Bond 6'aZe.— Further details are at
hand relative to the sale of the $20,000 i% refunding bonds
reported in V. 79, p. 2808
The purchaser was E O. Bailey
and the price paid par. D ite. Dec. 26, 1904. Denomination,
Interest, January and July.
Maturity, Jan. 1, 1925,
$500.
Holland, Mich.— Bend.'!faie~ On Jan. 11 the $12,000 refunding electric-light and the $6,000 refunding watfir bonds
described in V. 79, p. 2808, were awarded to N. W, Halsey &
Co., Chicago, at 102'03 and interest for 4 per cents. Following are the bids
For i Per Cents.
For 4^ Per Cents (Cont.)
N. W. Halsey 4 Co.. Chic....$18,S65 50 Dlekema4 Kollen
118.557 CO
N. W. Harris 4 Co., Chic
IS.u?- 00 Weil, Both & Co.. Cincinnati. 18.528 00
H. W. Noble 4 Co., Detroit. 18,050 40 J. P. O'Brien & Co., Boston.. 18,620 20
Mich. Tr, Co., Grand Rapids. 18,018 00 Am. Tr. 4 Sav. Bk., Chicago. 18,382 60
Uenison, Prior 4Co., UieveP. S. BrigKs4 Co.. Cincln.... l>-.375 00
land and Boston
18,007 76 Onion Sav. Bk. 4 Tr. Co.. Cm, 18,351 (0
B. Kleybolte4Co.. Cincln... 18,000 00 A, L. Rich Co., Cincinnati.... 1^340 20
For iH. Per Cents.
Seasongood 4 Mayer. Cinoln. 18 32126
works improvement bonds.
*18,330 00 Sec. Sav. B'k 4 Tr. Co..Toledo 18,260 00
Thos. J. Bolger Co., Chip
For i% Per Cent*.
W. B. Moss 4 Co.. Detroit.... *18,1 25 00
Emsvrorth, Pa.— Bond 4?aZe.— This borough has sold the
Thos. J. Bolger 4 Co., Chic. .18.770 00
For 6 Per Sents.
$14,000 street-assessment bonds described in V. 79, p. 2600, to W.J. Hayes 4 Sons. Cleve... 18,747 00 Mlcb.MllIers'Mut.Flrelns Co.*19,748 00
Lamprecht Bros.&Co.. Cleve. l^,7Cl9 20l Hayden, Miller 4 Co., Cleve. 1P,338 30
Lawrence Barnum Sc Co. of Philadelphia for $14,705 for five
Farson. Leach 4 Co.. Chic.
18,507 00 peasonifood 4 M ayer, Cincln. 19,831 50
per cents.
Denison, Prior 4 Co., CleTeSec. Sav Bk.4 Tr.Co..Toledo. 19,01100
18,640 00
land and Boston
18,685 80 J. M. Holmes. Chicago
Escanuba, Mich.— Bends JVof S'oid.— We are advised that
19,396(0
B IL Rollins 4 Sons. Chic. 18,681 00 3.A.Kean. Chicago
all bids received on Jan. 17 for the $50,000
street-improve- John Nuveen 4 Co., Chic.
18,575 00 Albert C. Case, New York.... 18,368 60
ment bonds described in V. 79. p. 2808, were rejected.
* And blank bonds.
Essex County, Mass.—A^ofe Sale.— On Jan. 17 $50,000 Z}4,%
Uolyoke, Mass.— Temporary/ Loan.— On Jan. 12 this city
notes were awardc d to the City National Bank of Qloacester
awarded a $150,000 temporary loan In anticipation of the col100'04.
Securities are issued to pay cost of land for court
at
house. They are dated Jan. 20, 1905, and will mature Jan. 20, lection of tfcX^s to Loring, Tolman & Tupper of Boston at
Following are the bids
3'32<J discount.
Interest Is payable at maturity of bonds.
1906.
3*37)t
3"32!J
Fall Kiver, Maes.- S^/es for the Year.— This city issued Lorlne, Tolman 4 Tapper, Bost.. 3'35< Blake Bros. 4 Co., Boston
8'46)(
F. S. Mosely 4 Co., Boston
Bond 4 Goodwin, Boston
durirg the year 19^4 $775 000 bonds. All of the disposals
Loan matures Nov. 3, 1905.
were recorded from time to time in the Chronicle except
Indianola, Miss. -Bond O^ering.— Proposals wlli be rethe $20,000 i% 80- J ear water bonds, dated May 2, 1904,
on May 7 to Jackson & Curtis of Boston at 109'b2l. ceived until Jan. 28 by W. P. Oresham, Town Clerk, for
awarded
works bonds.
Fail River County (P. O. Hot Springs). S. Dak.— Bids Re- $9,000 Q% 5-20-year (optional) gold coupon waterDenomination, $100. Certified check for $500, payable to W.
fected.— A]l bids received Jan. 3 for the $35,0a0 i% funding
Bonded debt at present,
P. Gresham, Town Clerk, required.
bonds described In V. 79, p. 2708, were rejected.
$16,000, Assessed valuation, $748,150.
Fayette County, Ohio.— Bond Sa/e.— This county early last
Jefferson (Iowa) School District.- Bonds Fo^ed.- The
month awarded at par to the Mllledgeville Bmk of Milledgeelection Jan. 3 resulted In a vote of 255 to 99 being cast in
vUle an lesue of $5,700 Qi ditch and refunding bonds. Denominations, $500 and $200. Date, Dec. 1, 1904. Interest, favor of issuing $30,000 high- school-building bonds to carry
semi-annual. Maturity, $1,000 Dec. 1, 1905; $1,0C0 June 1, interest at a rate not exceeding 4)^'if. Dite of sale not fixed.
Jersey City, N. 3.— Bond Sale.— Ihfi Sinking Fand Com1906; $2,200 Dec. 1, 1906, and $1,500 Dec. 1, 1907.
mission has purchased at par and it terest $51,000 4^ waterFranklin County, Ohio. —Bond 0^ert«gr. - Proposals will
temporarybe received until 12 M, February 17, by tne Commissioners pipe-line, $140,000 ii high-school and $14,091 33 i%
loan bonds. The bonds are dated Sept. 1, 1904, and mature
of the East Bioad Str< et Road Improvement, at the office c f
Jan, 12, 1905, and
the County Commissioners, for $5,000 6% road bonds. De- Sept. 1, 1934, The temporary loan Is dated
Is Dayable on demand.
nomlnaticn, $500. Interest, 8«-mi-annua). Maturity, $50^
Johnstoyfn, Pa.— Bonds Proposed.—The City Council has
March 1, 1906; $1,000 Sept. 1, 1906; $500 March 1. 1907, atd
under consideration the issuance of $30,0C0 4^ bridge-ap$1,000 on Sept. 1, 1907, on March 1, 1908, and on Sept. 1, 19l;8.
BondSa/e.— This county on Jan. 16 awarded the $317,000 proach bonds.
Kirkwootl, Ga.— Bond Election.— An election will be held
^i refunding bonds described in V. 80, p. 127, and V. 79, p.
in this town Jan. 24 for the purpose of submitting to the
2760, to N. W. Harris & Co of Chicago for $323,470 and inpeople the question of issuing $5,0J0 public-school bonds.
terest.
Following are the bids
La Grarge County (P. 0. La Grange), Ind.— Bond OfferN.W. Harris * Co., ChlcaBO.$3?3.470 00 W. J. Hayes & Sons, Clevp. $?20.9."il 00
N. W. Halsey & Co.,ChlcaKO 82«.187 oo New Ist Nat. B'k, Columbus. SZO.SSfl 45 ing.— The CouLty Treasurer will sell at 2 p, m, February 2
SeasonKood 4 Mayer. Cln... 321,809 0a Onion Say. Bk. 4 Tr. Co
320,566 25 an issue of $1,467 12 6^ Eden Township— Ell D. Yoder et al.—
B. Kleybolie It Vo.. CInc'.n.. 321,433 00 Well. Roth 4 Co., Cinoln.... 819,600 90
Farson, Leach <k Co. Chic 321,126 0V
ditch bonds, Denominations, three for $100 each and one
.
j
I
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.
.
I
i
H
.
I
. . .
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:
I
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:
THE CHRONICLE.
236
[Vol. lxxx.
Interest, semi-anDual.
Maturity, |800 Feb. 1,
for $267 12
1907, and |667 12 Feb. 1, 1908.
Also at the same time arid place the Treasurer will sell
Eden and Newbury townships— Isaac C, Schrock
|3,516 28
et al.— ditch bonds. Denomination, $500, except one bond
Interest, semi annual.
Maturity, |l,5i OFeb. 1,
for $516 28.
1907, and $2,016 28 Feb. 1, 1908.
V. D. Weaver is County
armory bonds, dated Sept. 1, 1904. ard maturing Sept. 1, 19''4.
armory brnds. dated Dec, 1, 18C4, and maturing Sept. 1, \9^.
250 S% prison bords, dated Jnlj 21, 18C4, and matnrirg Way 1, 1«S4.
The State of Msseachnsetts, thert fore, during the yesr disposed of $4,515,250, as against $7,016,1£0 in the year 1908.
During the year the State also negotiated $3,500,000 temporary loans, as follows :
Auditor.
Ltike Ci'y (Iowa) School District. -Bonds Not Yet Sold—
Bona Ofi'^ring,— The $3,700 4:%% school bonds, the unsold
portion ^ f an issue of |8,0C0 bonds described in V, 79, p. 2166
and 799, have not yet be* n disposed of. The rate of Inttrest
on thTsa bond?, we are informed, has been raised to n^ and
the district uill accept an flfer of par and interest for the
same. E. W. Townsead is District Treasurer.
Lakewood, Ohio. Bond Sale Not Consummated, We are
informi d that the sale of the $7,805 18 5^ storm-water- sewer
bonds awarded oh Deo. 10 to the Lakewood Savitgs & Baukiiig Co. was not consummated, for the reason that the bonds
had not been advertised a f ufficient number of days. The
village is re-advertising these secuiities for eale Jan. 28, and
the details of the fferirg will be found on page 28C8 cf the
Chronicle Dec. 81.
Bona Election Not Held.—'We are informed that the election which was cai'ed for Jan. 10 to vote n the question of
issniBg $85,000 5^ fire-department bofeds was not held, having
been postponed.
Bond Sale,- Oc January 16 the |20,OOD 5% water and the
$1,831 57 5% Warren Ruad water-main and pipe bonds deEcribtd in V. 79, p 2761, were awarded to W. J. Hayes &
Sons Cleveland, at 10275 and interest and par and interest,
National Shawmut BanJc
Lee, Higgit,son & Co
Julyae, lt04....>ational Shawmut Bank
H
*
—
>
t
respectively,
Lawrence Connly, InH.—Bond Sale.~The following bondp,
offered wiihi ut .'-nucess on Dec. 7, have bs en sold at par
1650 4U7 gravel- road bends of Flinn Township of $55 each, to T. T. Ray.
:
Wm.
4,600 41^? Kiavel-road bonds of Flinn Towusliip of $111 each, to
Erwin.
1,868 4^» gravel road bor.ds tf Shawswick Township ot tVM 50 each, to Wm.
Erwin.
113,000 S%
4(1,000 ast
Vote.
April
May
Amo'int.
Ralu
ll.ftOO.c
l.OOC',000
!i^egot'ated with.
7, 1V04...
12,1904..
3-60*
S'.UJ
3-60*
1,000,000
All Icfms mfitured Nov. 15, 1904.
MajTfJle, Wis.— Send Sale.- On December 9 this city sold
to E. H. Rollins
Sons of Chicago an issue of $37,000 ii
water bonds at par. Den micatlocs, ihlrty-one bonds of
$1,000 each and six of $l,fi00. Date, Jan. 3, 1905. loterest,
Januaiy 1 and July 1 at E H. Rollins & Sons of Chicago.
Maturity, $1,000 yearly on Jan. 1 from 1911 to 1921, inclusive; $1,500 on Jan. 1 of each of the years 1922, 1928 and 1924
and $21,500 in 1925, Bonded debt, this issue. Assessed vsluation, $764,200.
Milwaukee, Wi8.-~Bo?ids Authorized,— The issuance of
$37'\C00 park and sewer bonds has been authorized.
Monroe ("onuty. III.— Bond Cale.— It is stated that the
$100,000 4% refunoirg bonds described in V. 79, p. 2761, have
been sold to E. H. Rallins & Sons of Chicago.
Montrose, Cvlo.— Bonds Voted,~-\t is reported that this
city on Jan. 11 voted to issue $1(0,000 water hocds,
are advised
MonltoB, Iowa.— Descrtpf ion o/J5oncfs.—
that the $3,500 5^ funding bonds which we stated last week
Co. of Chicago were
had been dipf osed of to John Nuveen
awarded to that firm last October, the price paid being par.
Denomination, $500, Date, Oct. 1, 1904. Interest, semi-annual. Maturity, 1914, 1915, 1916 and 1917.
Mount Yernon, N. Y.—Bond Sale, On Jan. 17 the "J116,000
4% refunding bonds described in V. 79, p. 2809, were awarded
to Edmund Seymcui & Co., New York City, at 104-27. Following are the birlt
8l70,ff32(i N. W. Harris & Co.. N Y.
$120,508 00
E. Seymour*. Co.. N. Y
Qei). M. Habn, iSew Yorft... 12i',«0rt80 Koui.tze Bros., New York... 120.480 'd
12,772 24 Farsou, Leach & Co ^). Y. 121,217 20
Morrison & Co
&
We
&
.
Leaveuivortb, EsLP.—Bond Sa.'c—This city sold
at par to local inveetors rbe following bonds
last
month
:
91.7,8ee23 tf local improvemerit bocds.
,'5,011; 91 b% Chejcnne Street improvement bonds.
DeLomicattcn,
Date, Dec. 1, 19C4. Interest semiand Aug. 1. Maturity, one-tenth of each
|5(.iO.
annuaDy on Ftb.
1
issue yearly.
.
,
.
N. W. Halaey & Co., N. Y... 120.715(0 Jno. D. Kreritt &Co.. N. Y. 119,840 00
Estabrook & Co.. New York. 120,569 i"4 AlbertC.Case. New York... 118,02300
The
Ccuncil will receive bids
Ifona O^erivig.
until 8 p,'m Feb. 7, for $36,000 4% scbot 1-tax-reltef bond".
Securities are in detomination of $1,000, dated Feb 1, 1905.
Interest sen i- annually at ?he office of the City Treasurer,
certified check for $1,000, payable
Matuxity, Feb. 1, 1908.
—
Cemmon
,
Lincoln County School District No. 59, W&kh.— Bond
A
Sale.~On Jan. 14 the $22 000 high school bonds described in to the City of Mount Vernon, must accompany proposals.
V. 80, p. 79, were awarded to the Wilbur State Bank for
Authority for issue, Section £29, Chapter 182. Laws of 1892,
Bids were also receivet)
$1,200 premium for 6 per cents,
as amended in 1895. Securities will be certified to as to genfrom John Nuvetn & Co C H. Ccffin, Duke M. Farson & uineness by the United States Mortgage & Trust Co. of New
Co. and N. W. Harris & Co,, all ot Uhicago; from Wm. D,
York City and the legality of the";issue approved by J. H.
Perklnp & Co. of Seattle, Morris Bros. & Chriateneen of PortCaldwell Eeq. of New York City. A, W. Reynolds is City
land at d from Roberts Brop. of Spokane.
Clerk.
Lorain, Ohio.— .Soud Sale,— We are advised that the litiThe official notice of this bond offering will be publitthed
gation relative to the validity of the $14,0C0 i)4i Black River
this Department.
n xt week among Jhe advertisements
Improvement bonds mentioned in V. 79, p. 2656, has been
Moant Yernon, Ohio.— iVo Bond Election.— The City
discoiitinued and the bonds awarded to A. V. Haseman.
Council at the meeticg held Dec. 12 rescinded a resolution
Lonieborg, N. a.— Bond i^ale.—lhe J65,000 5% water and
passed at a previous meeting which called an election to
light tonds which this city has teen cfferipg for eale have
vote on the question of ispulng $150,000 gas bonds. This acbeen disposed of at par and interest, according to local dietion was table n after satisfactory rates had been made with
patches, to Chicago parties. See V. 77, p. 2404, for descripthe existing gas company.
tion of bonds.
Maskifignm County, Oliio.— Bond .9aJe.- On Deo. 15 this
McSeeaport (Pa ) Scliool District.— Bonds NotlSold.—'Sio county sold at private sale to P. 8. Briggs & Co. of Cincinbids wtre rec*-'.ved Jan, 16 for the $254, OQO 8>^iK coupon bonds
These
nati at par an issue of $20,000 4}4% funding bonds.
described in V, 80, p. 179.
securities are in addition to the $55,600 bonds awarded to the
Mudigon Couiity, Ala.— iVb Pond Election, The m:itter of seme firm several weeks ago. Denomination, $500. Date,
J
,
m
—
holdicg an election to vote on the. quettion of issuing $100,000
road bonds has, we are advfss-d, b;eD postponed Indetiuitely.
atanltiJWOcCt'unty, ^is.— Bonds Authorized, The County
Boflrd of Supervisors has passed a leaolntion toi?;ufi |l50,rOQ
4.% coupon cciurt-bouce bonds.
Under the resolation none o<'
these bonds are to ba "sold or delivered before Aug. 1, 1905."
Denomination, $1,000. Date, Aug. 1, 1905. Interest semi
annually at the office of the County Treasurer. Maturity,
yearly on Feb. 1 as follows
$3 OUO in 1908, $4,000 in 1909,
$5,000 in ]910, $9,010 in 1911 and also in 1912, po,000 yearly
—
:
from 1918
to 1924, inclusive.
M. niton, M.stn.— Debenture Sale.- On Jan. '6 ths $5,250 5%
fire-appiiratns debentures described in V. 79, 2761, were
awarded to
C. Brent, Toronto, at 98*44 and accrued
Wm.
Interest.
Marion Coun'y (P. 0. Marion), Ohio.— Bond Offering.
Prrposal-o will bo received until ]'/ m., Feb. 15, by tne Conn
ty Commltsionerp, for $64,000 i% refunding bonds. Denomination, $1,0:)0. Date, March 1, 19(5. Interest semi-annually at the c ffice of the County TreKsarer.
Maturity, $3,000
each six mrnths from March 1, 19C6, to March 1,1916, inclusive, and $1,000 Sep^ 1, 19:6.
Bidders are required to
satisfy themselves ts to the legallry of the bonds before bidCertified check for $5,000 on seme lank in Marion,
dirg
payable to P. F. Foreman, County Tr^aiurer, rquir-jd.
L. M. Hipsher is County Auditor.
Matjsachufetts.— ^.a/es for </te Fear.— The Sate of Massa
cbupeitB eolfi in the msrbct dnrirg the year ).904 $4,482,000
83^< bonds. Of this amount $1,312,000 bonds wer«^ disposed ot
at public eule n Joly and $3,150,000 were placed ut private eale
in January. Thejimuntof bonds disposed of in .Jar nary
really wnf- $3 650,000 (sid was bo reportd by us at '.he time),
but $5(.0 000 of this total rej resented bonds owned by the
sinking furd ard whi. h, tl.trt-fore, were not an original Ifsue'
by the State. In addiiicn to the bo! ds sold by the !3tfl'e, the
slnkfrg funds absorked the following Jseues not previonsiy
recorded by us
:
15, 1904 Interest, semi annual. Maturity, Dec. 15, 1924.
NastiTiiie, Teun.— Bonds Proposed.— A. resolution is being
considered in the City Council asking the State L'-'glslature
for authority to iesue $500,000 street-improvement bonds at
the rate of :J;125,000 per year.
New Be< f«r<l, ^Am.— Bond Sale.— It is stated in Boston
papers that an issue of $10,000 4% 1 20-year (serial) school
Co, of Boston at 105*21,
bonds '^'tiil be taken by Estabrook
Dec.
&
New
Britain,
Conn.— Bonds Proposed.— The Sewer Com-
e. It is stated, will ask the City Cjuacil to petition the
State Legislature for authority to issue $200,000 additional
bonds for S' wer purposes.
N>lea (Ohio) School District.— Bonds Voted— Bond Offering,— The election held in this district on Jan. 7 re-sulted in
a favorable vote for the $10 000 4%% school- building bonds
mentioned in V. 80, p. 128. M»tu:ity, part yearly on March 1
from 1912 to 1931, inclnslve. Proposals wlil be received for
these securities until March 1 I90f>.
mltt'
,
Northaatpton, yLdt.%9.— Temporary Loan,— This city or, J .n.
14 awarded a tempoiarv loan of $7.^,000 to Bl- kt; Bros. & Co.
Following ate tbo bidr:
of Boston at 3 40^ at.d $15 premutn.
347i
Blako Bros. & Co. (prcm. $15).... !l"i0« rteo. Mlxter. Boston
800»
LorluK, Tolraan &, Tupper, Bust.. 3'4h« Bond & Goodwin (t2 prcm
S'lOi
KdKorly & Crocker. Boston
Loan is dated Jan. 14, 1905, and will mature Oct. 14, 19(5.
Nortli Fort Worth, Texa«.--Bond Offering.— I't pos-vls
will be received until 4 p. m., February 2(i, by P. J. CotWiiy,
Chairman Finance Committee, for $100,000 4% coupon gold
Feb. 1,
Dtitse,
$500.
water-works bonds. Dencmlnatior
Interest, aunualty in New Yeuk City at bank to ba
1905.
designhted. Maturity, Feb. 1, 1945, subject to call after Feb.
Ck-rlifiea check for 2?, payable to the ctiy ot North
1, IJiSO.
Fort Worth, rcqnlrtd. Bond(d dobf, $100,1 0: floa;ing debt,
)
,
$1,241.
Afi-e.^seid
valuHtlon,
$3,f>71,r,4t;.
School inistr ot, Yahinia Coonty, Wash.Bond Election Pre poatd.- At a uihss meeting o! citizens held
D.'C. 23 li resolntiou was passed requesting the Board of Edn-
North
T»I{
ma
——
Jan.
:
THE CHRONICLE.
21, 1905.]
cation to submit to a vote of the people the queation of isauing |25,(00 echool-honse and site bends.
Norwood, Ohio.— fionds Authorized.— The Council recently authorized the issuance of |4,500 water-works-extension bonds.
Bonds Authorized. The City Council has passed an ordinance providing for the issuance of $10,000 4)^^ 30-year police
and fire station-furnishing bonds.
OriTille, Ohio.— Bond Sale.— Oa Jan, 14 the $23,500 5%
1-15-year (serial) West Market Street improvement bonds
described in V, 79, p. 2762, were awarded to Denison, Prior
Co. of Cleveland and Boston at 105*88 and interest, Fol.Oi^iag are the bids:
—
&
Dealson, Prior & (Jo. .Cleveland and Boston
$23,811 75
P. d. BrlKKS&Co.,C}nclD.
.
L'imorechtBro8.&Co..Cleve.
4 Co., Omclnuatl.
W. R.Tudd * Co.. Cincinnati,
W. J. Hayes & Sons, Cleve ..
Weil. Roth
Union Sav. B'k* Tr.
Co.. Cin.
2M.M15 00
3!<,81l 75
23,«81 26
23.675 00
23,665 00
8a,560 £0
^easoneood
&
Ma^er.cincln, 823.521 25
A Co., Cleve 23,517 30
fc£ayden. Miller
New
1st Nat.
B'k.ColnmDus, 23,411 2B
?ecurlty Sav. Bk.
&
Tr. Co... 23,410 00
23.400 Oj
Western German Bk., Cin
OrrvUle Nat. Bank, Urrville.
Albert C. Case. New York...
S. A. Kean, CbieaRO
,
23,007 00
2a.H32 00
22,601 05
Kan.— Bonds
Proposed. —Local papers state that
the question of issuing $10U,000 b^nds to buy the present
artificial gas plant or to Instal a new system will probably
be submitted to the voters at the spring election.
Parkers Prairie, Otter Tail County, SUnn,— Bond Sale.—
On Jan. 1 4 the $8,000 5}4i water- works bonds described in
V. 79, p. 2809, were awarded to F. E. McGraw of St. Paul
for $8,135 and blank bonds.
Pasadena, C&l.— Bond Election Proposed.— There is talk
of calling an election in the near future to vote on the question of issuing approximately $1,000,000 water bonds,
Paulsboro, N. J.— .eond Election.— Some citizens recently
lecommended to the Borough Council tha*-, an election be
called to vote on the question of issuing |35,030 water-works,
130,000 gas-plant, |5,500 stone-road, |5,000 public-building
and $2,500 sewer bonds. No definite action has yet been
aken in the matter.
Pitteraon, N. J.— Bond Sale.—Oa Jan. 16 the $54,000 i%
coupon school bonds and the f40,COO 4% coupon renewal
bonds described in V. 80, p, 129, were awarded to W, J.
Hayes & Sons, Cleveland, at 102 21 and 101*78 and interest,
respectively. Following are the bida
Ottawa,
$f4,000
School
W.
Hayes*
Bonds.
Sens, Cleveland
Citizens' Trust Co., Paterson
Silk City Trust Co.. Paterson
Jno. D. Everitt A Cj., New York
102'81
loi-oo
lOO'SO
lOO'SO
FardOD, Leach &Co.,
100-315
J.
New York
Firnt Nat. Bank, Paterson
ICOOO
140,000
Jtenewil
Bonds.
10178
101 00
10(i-76
lOO'SO
10^-235
100-00
A
Perry, Fla.— Bonda Proposed.—
movement is on foot
looking to the issuatice of $15,000 water-supply and firedepartment bonds.
Petersburg, Va. No Bonds Issued.— We are informed that
the statement in some of the papers that this city recently
sold to the Sinking Fund Commissioners $70,000 4^ sewer
bonds is an error, no such bonds having been issued and no
movement balng on foot to do so.
Pine County, VLinn.—Certifiaate Offering —Proposals will
bs received until Feb. 10 by Edward Olough, Chairman
Board of Coanty Commissioners, at the office of D. Greeley,
County Auditor, for $11,6C0 i% certificates of indebtedness
issued under authority of Chapter 181, Laws of 1901. Secutiea are dated Dec. 1, 1904, and will mature "on or before
ten years." Interest, annual. Certified check for |300, payable to the Treasurer of Pine Couaty, required,
Pipestone, M.iun.— Bonds Pfoposei,— This city is having
plhHS and specifications drawn up for a sewerage system and
will probably in the course of the next two or three months
arrange for the issuance of bonds to pay the expenses of such
a system.
Pi qua, Ohio.—Bond O^ering'.— Proposals will be received
until Vi M,, Jan. 23, by Bert A, Reed, City Auditor, for $3,700
5i refunding bonds. Denomination, $100,
Dat«^, Dec, 1.
1904.
laterest semi-annually at the Importers' & Traders'
National Bank, New York City. Maturity, Dao. 1, 1914.
Certified check on a national baak for 5% of the amount of
bonds bid for, payall j to the Treasurer of the city of Plqua,
23T
owned by a
private company. The amount of bonds to be
stated to be $400,000, A town meeting was held on
Dec. 29, but the que stion of electing Water Commissicnera
was f-ut over until the regular meeting in March, As these
Water Commiseioters are to handle the bonds no action was
taken on issuing the same. We are advised, however, that
the bends, when issued, will be turned over to the water
C( mfary in payment for the worfes.
Rice Lake (Wis.) School DisXrM.-Bond Election Proposed. It Is stated that this district proposes to hold an election to vote on the question of issuing $40,000 hlgh-schooljfsued
is
—
bulldlng bonds.
Rotkviile, Conn.— Bonis Proposed. — The city has decided
to seek legiilatlva authority to issue $75,000 A% 80-year coupon filtration-plant bonds.
Royulton, Minn.— /iond 0#eringr.— Proposals will be received until 9 A. M. Jan. 28, for the $10,000 5% 20 year coupon
elt otric-light bonds tffered, but not sold, on August 20, 1904,
Dite, Jan. 1,1905. Djuomiaation, $1,000. laterest, semiannually at the First National Bauk, St. Paul. Certified
check for fiOfl, payable to Chas. R. Rhcda, Village Treasurer,
Vllage has no bonded debt at present. Floating
required.
debt about $2,000. Assessed valuation for 1904, $l98,i 47.
Rassell County (P. 0. Lebanon), Y a.— laterest Rate
Changed.— We are advised by L. L. Bays, Clerk Board of
Supervisors, that the rate of interest on the $18,0f
coupon
court-house and j ill bonds which this coanty is cfifering for
sale has been changed from Qi to 5$f.
Proposals for these
bonds will be received until 12 M. Jan. 25, For other details
of offering see page 180 of last week's Chronicle.
Sdginaw, Mich.— Bond ^'a^e.— Oa Jan. 16 the $7,500 Eistern Taxing and the $7,500 Western Taxing Distrijf; ii bonds
described in V. 80, p. 181, were awarded to W, R. Todd
bid of
Co., Cincinnati, at 100*50 and accrued interest.
lOO'lO and accrued interest was also received from W. E.
&
A
Moss
& Co.
St. i;lair
of Detroit.
Heights,
Wayne Coanty. Mich.— Bond
— At the spring election
March
Election,
13 this village will vote on
the question of issuing $20 .0 sewer bonds.
St. Johns Coanty (P. 0. St. Angustine), Fla.— Bond Election.
It i3 stated that this county will vote on the question
of issuing $30,000 court-house bonds.
St. Louis, Ho.— Bond Offering,— Farther details are at
hand relative to the offering on March 15 of $1,000,000 3%%
20-yf-ar coupon gold renewal bonds.
Proposals for these
bonds will be received until 12 m on that day by James Y.
Denomination, $1,000.
Player, City Comptroller.
Date,
April 1, 1905. Interest semi-ancuiUy at the National Bank
of Commerce, New York, in United States gold, or at the
National Bank of Scotland, Limited, London, Eogland, in
pounds sterling at the rate of |4 8665 per pound sterling, at
the option of the holder. Bonds may be exchanged for registered bonds at any time, A deposit of cash or a certified
check, payable to the order of the CcmptroHer (and subject
to his approval), for 5% of amount of bonds bid tor required.
The official advertisement of this bond t ffering will be published in subsequent issues of the Chronicle.
St, Thomas, i)nt.— Debenture OJ'crmgr. —Proposals will be
received until 12 M Feb. 15, by S O. Perry, City Treasurer,
for $200,000 i%% coupon gas and electric-Ught-works-purcbase debentures. Date, March 1, 1905. Interest annually
at the office of the Treasurer, Debentures are to be isEusd
in twenty series or blocks of $10,000 each and are "payable
in annual instalments within 30 years from date of issue."
Siliebary, Mo.— Bonds to be Issued.— This city proposes to
issue $21,000 water- works bonds. These bonds, we are informed, will not be put out until a eupp'y of water is developed, which will be in about two months.
Salt Lake City, Utah.— Bonds Voted.— The election Jan. 3
resulted in favor of the propositions to issue $850,000 water-
—
,
system-improvement and $150,000 sewer-improvement 10
20-
required.
year (optional) bonds at not exeeding i% interest.
Santa Clara, Cal.— Bond t'aie.-Oa Jan. 9 the $50,000 5jr
gold coupon school-bouse bonds described in V. 79, p, 2709,
were awarded to T, Ellard Baans, Presidrut of the. Bank of
San Jose, at 110 015 and interest. Following are the bids
Plain City, Ohio.— Bonds Authorized.— The City Council
on Ddc. 27 paesed an ordinance providing for the issuance of
$12,000 5% coupon light and water-fund bonds. Denomina-
T. Ellard Beans, San Jose.... $55,007 77
N. VV. Harris & Co., CnicaKO. 63,760 OC
B. H. KolUnB & Sons, San
52.«76 00
Francisco
Date, March 1, 1905. Interes', semi-annual.
MH'urity, 1500 yearly on March 1 from 1915 to 1938, inclu-
S.
tiop,
:
$5U0.
aive.
Port Deposit, illd.-Bonda
the
Town Ccmmissioners
A. Kean, Chicago
6i;,6:0
ou
First Nat.
Bank, San Jose....|68,6r3 60
Hecht Bro».. San Francisco.. 62,435 00
AdamsPlilllipsCo., l.OsAnR. 65!,051 60
fc2,O0O 00
Santa Clara Valley Bank
John Nuveen i Co., ChlcaRO. 61,662 00
Sham kin (Pa.) School District.- Bond« fo be Isiutd.—
The Finance Committee of the School Board recently subIhit mitted a report recommending that $25,000 of the $84,000
<o 6e Issued.— It Is stated
will shortly issue $14,000 water-
bonds voted at the election held Nov. 8, 1904, be issued
April 1, 1905, $i;5,CO0 July 1, 1905, and $34,000 Sept. 1, 1905.
Rahway, N. J.— Bonds Not Authorized.-We are informed The School Board adopted the report.
that the report thit the Water Board has authorized the
Sharon, Pa.— Bonds Not f?old.—We are advised under date
issuance of $30,000 filtration plant bonds is not correct, as no of Jan. 14 that no sale taayet beea made of the $6,000 S}4%
bonds have been autnotized.
sewer and the $5,000 2%% sewer bonds offered on Jan. 2. See
Ramitpo (N, Y.) Union Free School District No. l.-Bond V. 79, p. 2809, for description of bonds.
Sate,— This district on Dec. 27 awarded to Goo. M. Hahn of
Shelby County (P. 0. Sidney). Ohio.-Bids Rejectei.—We
New York City an issue of $22,000 4^'i lOJ^-year (average) are advsed by the County Auditor that all bids received
bonds at 108'675. Denominations, twelve of $500 each and Jan. 16 for the $23,550 5;g ditch-improvement bonds described
sixteen of $1,000 each. Date, DcC. 30, 1904. Interest, semi- in V. 79, p, 2810, were "rejected without opening."
annnal,
Simcoe, Out.— Dtbenture Off'ering.-Prot^oaeila will be reKed Deer, N. W. T.— Debentures Not Sold.— No sale ceived until 12 M., Feb, 2, by Frank Reid, Town Treasurer,
has yet been made of the $15,000 5% water-works debentures for $10,000 4i^!J consolidated-debt debentures, dated Jan. 1,
tffertd en Dec. 30, 1904. These securities are dated Nov. 18, 1905, and maturing part yearly for thirty years; also $3,000
1904.
Maturity, part yearly for twenty years.
i^i local-lmprovemeni debentures, dated Dec. 28, 1904, and
Revere, jUass. Proposed Purchase of Water PFori«.—This maturing part yearly for twenty years. Purchaser pays actown is arranging for the purchase of the water works now crued interest.
works bonds.
THE CHRONICLE.
238
Kprliigflcld, Hass.— Bonds Proposei.— The City Council
has decided to seek legislative authority to issue $800,000
bonds to develop the presect water supply.
SpriDgfleld, Ohio.— Bond Sale.— The Sinking Fund Commissioners have taken at par an issue of $16,581 72 street-improvement bonds.
Spring Lake, Mfch.— iVj Bonds to be Issued.— We are advised that the report in some of the papers that this village
had voted b^nds for an electric light plant is not correct, as
no bonds will be issued for this purpose, the village having
cash on hand to pay for the same.
Stamford, Delaware County, N. Y.—Bond Sale.- Oa J-in.
14 the $7,8U0 village-hall bonds described in V. 80, p. i30,
were awarded to Isaac W. Sherrill of Poughkeepsie at 101'30
and accrued interest for 4 per cente. Following are the bids:
For i Per Cents.
For iii Per Cenu
103-20
I. W. Shemu, PouKbkeep8ie....l01*30
S. A. K ean. Chlcaeo
W. J.HayeB & 8on8.Clevelan(1.101-12 Union Sav. Bank, Patchogue...lOO'00
SosBex (N. J.) School District— Bonds iV^of So/d.— The
$5,000 i% school bonds mentioned In V. 79, p. 2658, have not
yet been sold. Date, Oct. 8, 1904. Interest, semi-annual.
Denomination, $1,000. Maturity, Oct, 8, 1934. Mr. Frank
Holbert, Clerk of the district, will receive bids for these
bonds at any time,
Sjracnge, N. Y.—Bond Offering.— Piopossi's will be received
until 3 p. M., January 24, by E. J. Mack, City Comptroller,
for $198,000 i% 1 9 year (serial) local-improvement bonds.
Denominations, $5,000 and $3,000. Date, Jan. 1, 1905. Interest semi-annually at the United States Mortgage
Trust
Co., New York City, which company will also certify as to
the genuineness of the issue. Bonds are to be registered at
the office of the City Comptroller.
Toledo, Ohio.— Bid Rejected— Bond Sale.—Tae bid of the
Provident Savings B ink
Trust Co. of Cincinnati received
Jan. 11 for the $53,752 90 i% Front Street paving bonds was
rejected
The bonds were subsequently awarded to the
Merchants'
Clerks' Savings Bank of Toledo and the Second
National Bank of Toledo for $29 50 premium, the former institution taking $26,877 90 and the latter $26,875.
B.ds Rfjected.— The following bids, all of which were rejected, were received Jan. 18 for the $500,000 it coupon
water-works bonds described in V. 79, p. 2764
Union Sav. B'k & Tr. Co.. Cin. $503,861 Cincinnati Trust Co., Clncin... $502,550
&
&
lOOSi
New York
StatesTllle, N. C.~Bonda Proposed.— The City Council
will apply to the Assembly for authority to issue $20,000
bonds to pay cff the floating debt.
Stockton, Cal.— Bond jE/ec<ion.— On Jan, 26 this city will
vote upon the proposition to issue $150,0'^0 city-hall-building
and la^.OOO city-hall site 5% 1-40-year (serial) bonds.
Albert C. Caae,
&
:
Strathcona, S. W. T.— Debentures Not Soid.— No satisfactory offers nave yet been made for the 120,000 5% debentures
advertised to be sold Dec. 15. See V. 79, p. 2603, for description
c
Seasongood & Mayer, CinoiD... 603,161
ITarson,
Sammlt County (P. 0. Akron), Ohla.— Bond Sale,— Oa
Jan. 16 the $27fi,000 ii coupon court-house bonds described
in V. 79, p. i:8;0, were awarded to W. J. Htiyes & Sods,
Cleveland, for $279,715 and interest. Following are the bids:
W. J. Haves & Sons, ClaTP.. $.= 79,715 00 Cincinnati Trust Co
$278,437 60
LamprechtBro8,&Co.,Cleve. 2 i<,Brooo Kouctze Bros., New Tork... 277,917 75
Un. Sav. Bk. & Tr. Co., Cin
279,686 00 Haydeu, Miller & CcCleve. 27T,H01 99
vv K. Todd & Co.. Clncln
DaoisoQ, PrtorA Co., Cleve277,^88 76
land and Boston
279,566 00 Spltzer & Co., Toledo
277,20100
N. W. Harris & Co., Chic... 27!J,141 60 Prov. Sav. Bk. & Tr. Co.,Cin. 276,187 50
.
B.
KleyDolte*Co., CinclD.
and Boston
101'87
100*83
Well, Roth& Co.. Clncin
ifeasonROOd & Mayer. Clnoin....lOO'7«
—Bond Sale.— Thia county on Dec. 30
sold to several parties $6,000 5$ current exp<^n8e bonds. Danomination, $500. Da'e, Dec. 3\ 1904, Interest, January
and July. Md,tuiity, $3,l00 Dec. 30, 1905, and |3,000 Dec. 30,
1906.
Sullivan
hereby given that, in pursuance of the
provisions of Article 3, Chapter 2, Title 2, Part 4, ol
the Political Code of the State of Montana and of
the order made by the Board of County Commistionprs of Cascade County, State of Montana, at a
regiilir meeting of said Board held on the 8th day
of December, 1904, the said Board of County Commissioners will, (n the alfeT DAY OF JAN OAKY,
1905, at 10 o'clock A. M. of said day, at the office
of said B' ard in the District Court House, In the
City of Great Falls, Cascade County, Montana,
under and by virtue of a resolution duly adopted
by said Board at a regular meeting thereof, held
on the 8th day of December, l«04, at the aforesaid
office of eaid Board, sell coupon bonds of said
Cascade County to the amount of ten thousand
dollaTS, drawing interest at the rate of four per
cent per annum, payable semi-annually on the first
day of January and the drst day of July of each
year, which bonds will be of the denomination of
one thousand dollars each, and sball be payable
twenty years after the date of their issue; provided, however, that s-ild bonds shall be redeemable
at the option of said County of Cascade at aoy time
after ten years from the date thereof. The iald
coupon bonds will be made payable at any National
Bank designated by the purchaser thereof, and the
said County of Cascade will deliver such bonds at
The
said bank to the order of the purchaser.
Interest on said bonds will be payable at the office
of the Treasurer of said County of Cascade.
Sealed proposals for the purchase of said bonds,
subject to legslity, will be received up to the time of
sale, and the party or pai ties ottering the highest bid
and price therefor will receive the bonds. A New
York draft or cneck certified by a bank of said City
of Great Kalis, payable to the order of the County
Treasurer of Cascade Couniy aforesaid, to the
amount of $50c-oO, must be deposited with the
County Treasurer aforesaid by each bidder as a
guaranty of good faith.
The said Board of County Commissioners reserves
INVESTMENTS.
OALLS.
County, Missouri
3%
W.
J.
MATKIN3.
HILL,
6%
Public
Service
Orupon Paving Bonds.
Direct and Primary Obli-
New
Corporation
BONDS.
E.H.
ROLLINS & SONS,
bosto:n.
gations of the City ot
ffinver.
Mobile.
Chlca^ro.
San Franeisco.
MUNICIPAL AND
PUBLIC FRANCHISE CORPORATION
BONDS
Prices and Particulars
on Application.
BouKbt and Sold.
Bond Department.
Interstate Securities Co.
5 Nassau Street,
New
W.
J.
HAYES & SONS,
|}JLEVKI>ANI).
OHIO.
BOSTON. MASS.
York.
Blodget, Merntt
R.
L.
DAY
& CO.,
Trowbridge*; NIver Co.
STOCK EXCHANGES.
.>IUNlt II'AI.
AND
lIKill
Co.,
BANKERS,
16
Congress Street, Boston.
BONDS
8 Nassau Street,
NEW YORK.
MEMBERS
NEW TORK AND BOSTON
HTATE.
&
MUNICIPAL AND PUBLIC SERVICE
3«
NAH»AD HTRKET. NBW YOHK.
BANKERS,
85 Congress Street,
BOSTON.
York.
MUNICIPAL
City of Mobile, Ala.,
County Clerk and clerk of said Board.
First publication Dec. 17th, 1904.
T.W.STEPHENS & CO.,
2 Wall Street,
The
SV^^
TAX EXEMPT BONDS.
Treasurer Sullivan County, Missouri.
Montana.
L.
and
CITY
is
'
KBKD
NEW YORK
CALL.
hereby given that Sullivan County in the
State of Missouri will take up and retire 30 of its
bonds Issued in the year 189S, being SO bonds of
$1,000 each and numbered from 21 to 60, both in
elusive. Said bonds will beredeemed at the National
Bank of Comnjerce in the Ci y and State of New
York on the first day of February, 1905, when interest on said bonds will coHse.
Notice
the right to reject any or all bids.
Bids should he marked
Bids on Bonds" and
addressed to Fred L. Hill, Clerk or the Board of
County Commlssloners.Ureat Falls, Cascade County,
By order of the Board of County Commissioners
of Cascade County, Montana.
601.916
_^_^
Taeoaloosa, Ala.— Bonds Proposed.— We are informed that
under consideration the issuance of bonds for
street, sewtr and school purposes, but as yet nothing definite
has been done in the matter.
BOND
COUPON BONDS.
is
Toledo
this city has
BOND
LOANS.
Cascade County, Montana,
Notice
Co.,
Prov. Sav. Bk. & Tr. Co.. Cin.... 100-66
W. B. Todd & Co., Cincinnati. ..100-27
DayUn Sav. & Tr. Co., Day ton.. 100*08
Denison, Prior &Co., Cleveland
279,i26 00
#10,000
&
. . .
Sasaex Coaniy, N. J
NEW
Spltzer
Co., Chlcaco.. 6C8.007
&
.
.
Leach*
Toronto, Oat.— Debentures Voted.— The ratepayers of this
city on Jan. 2 voted in favor of issuing |700,0t0 fire-protection debentures. These securities, we are advised, will probably be offered for sale in the course of the next two months.
Troy, Ohio.-Bond Sale.— On Jan. 17 the $10,000 i% firedepartment bonds described in V. 79, p. 2710, were awarded
to Denison, Prior
Co., Cleveland and Boston, at 101"27 and
accrued interest. The following bids were received :
f securities.
.
[Vol. lxxx.
60 State
steel-plate eflect.
lUhoKniplied and i>iirtlv
Stock CeMlficali-d, *:< to
r.i.'j; the latter ui«rHv.'d with stcfl pla e borders
— e'ecHnt. Seal I'ress, If With ('(rtillcaten, tl 50.
ALBERT B. KING & CO,, 112 WilUam St., N.Y.
(Telephone.)
HuurHvert and Llthotfraphers.
the chca: cr kind, pun
from type.
Iv
^TATE. CITY & RAILROAD BONDS.
Street.
AND
BONDS STOCK CERTIFICATES
Also
Handsomely eriKraved;
prliilerl
GKAKK
BOSTON,
CHICAGO,
Bank Bldg.
1st Nat.
MUNICIPAL BONDS.
e. C.
STANWOOD &
iSANKKKH.
MO
95
Milk
Street,
BOSTON.
Co.,
THE CHRONICLE.
Jan. 21, 1905.]
Utica, N. Y.—Bond Sale.-~0:i Jan. 17 the $25,000 3>^«
school bonds described in V. 80, p. 182 were awarded to the
Udca Savings Bank at 100 '33 and Interest. Following are
the bids
100'83 |J. G. Gibson
ICOSS
utica Savings Bank ..
Van Wert (Ohio) School District.— fionds Fo^ed.— This
district, it is stated, on Jan, 10 voted to issue $85,000 schoolbuilding bonds.
TersaillesCIad.) School District.— iVo Bonds Voted.—
are informed that the report that this district had voted to
issne 13,000 school bonds is not correct.
Tigo Coanty (P. 0. Terre flaute), la A.— Bond Offering.—
Proposals will be received until 2 p. m., Feb. 18, by Jerome
W. Denehie, County Auditor, for |125,000 i^i funding
bonds. Denomination, $1,000. Interest, Jan. 1 and Jaly 1
at the Central Trust Co., New York City, or at any other
place to suit purchaser. Maturity, $5,000 each six months
:
Wq
from July
July
1, 1924, inclusive.
District, Shosbone County, Idaho.—
This district on Dec. 27, by a
Offering,
vote of 83 to 0, authorized tne issuance of $15,000 5% 10-20year (optional) school- building bonds. Proposals for these
bonds will be received until Feb, 20. J. B, Cox is Clerk of
1,
1912, to
Wardner School
Bonds Voted— Bond
—
School Board.
Warroad, RoBean County, Minn.— Bond Offering.— Froposals will be received until Feb. 11 (time extended from
Jan. 15) by John A. L^rsen, Village Recorder, for $7,500 1%
coupon bonds. Authority, election held Dec. 3, 1934. Ddnomination. $500. Date, Feb. 11, 1905. Interest, semi-annual.
Maturity, February, 1915.
Wayne, Mich.— Bonds Withdrawn.— lo V. 79, p. 2711, we
lli-t of the bids received on Nov. 15 for the $8,000 4^i
electric light bonds offered for sale by this village and stated
that the award had not been made. We are now advised
gave a
that nothing further will be done in regard to the issuance
of bonds until after the spring election, as the village has
entered into a contract with the Acetylene Gas Plant Co.
wbich is to run until July 1, 1905.
WetnnipkB, Ala.— Bond O^eringf.— Proposals
will be received until 12 M., Feb. 10 (not Jan, 10 as previously stated),
by F. B. McCaskey, Mayor, for $10,000 5% coupon electriolight and water bonds. Denomination, |1,009. Date, March
J.
239
Interest semi-annually at the American Exchange
1, 1906.
National Bank, New York City. Maturity, March 1, 1925.
Certified check for di required. Bonded debt, including this
Assessed valuation 1904, $350,000.
issue, $20,000.
Winnipeg, M&n.-Dtb.nturea Defeated.— The ratepayers
last month defeated a by-law to issue $400,000 gas bonds.
Woodbury, N. J.—Bonds Not to b: Issued at Present.— 'We
are informed that the $20,000 i% street improvement bonds
mentioned in V. 79, p, 647, will not be issued until about
March, 1905.
Worcester, Mass.- Temporary Coan.— This city has negotiated a temporary loan of $100,000 with Loring, Tolman &
Tupper of Boston at 3*30^ discount and 50 cents premium.
Following are the bids
Lortng. Tolman & Tupper (50 cts.
Morgan & Bartlett
3'39%
8"3(i!E
premium)
uee, HlgKinson & Co., Boston
3'40!(
&-S0% Brown Bros. & Co. (prem. «12o)..8 40%
Edgerly & Crocker, Boston
3'S4% Kisli & Robinson, New York
Blafee Bros. iS Co., Boston
8*46J
3"34% Worcester Trust Co
Bond & Guodwln, Boston
850%
York
S'SSj J. & W. Sellgman & Co., N, Y
4-00*
F. K. Jennlson, New
Yukima Coanty, Wash.- 5onds to be X^sued.- It is stated
that this county will issue not exceeding $75,000 bonds for a
:
new
court house.
Yellowstone County (P. 0. Billiiags), Mont.— Bond Sale.—
Oa Jan. 10 the$35,0C0 4% bridge-construction bonds described
in V. 79, p. 2711, were awarded to N. W. Harris & Co. of
Chicago at par and interest, less $346 for expenses, blank
bonds, etc. Following are the bids
:
43-49 Exchange Place,
New
:
$107,000 3H% redemption bonds, maturine Feb. 1, 1H08. Interest, aeml-annnal.
6,175 3)^S Carljl Avenue brldue bonds, dated Fea. I, IbOO, and mnturlng
$1,176 AprU 1, i«o7 ; $3,500 April 1, laoS, and $i,50o April 1, ltf09.
BIDS BECEIVED UNTIL 12
10?,900 314% assessment bonds, dated Feb.
26,500 3>6S assessment bonds, dated Feb.
Investigations and Reports on Electric
Railway, Gas, Electric Light, and
Power Transmission Properties
for Financial Institutions
and Investors.
MISCELLANEOUS.
Perry, Coffin
&
Burr,
INVESTMENT BONDS
MUNICIPAL, RAILROAD and
60 State
STREET RAILWAY
BONDS.
NASSAU STREET, NEW
I
and Electric
Power Plants Financed, Designed and Built. Interest Paid on Dailv
1,
FEB. 9.
and maturing Ket>. 1, 190fl.
and maturing Feb.l, 1908,
SI.
1906,
1905,
All the above issues were origically advertised to be sold
The corrected offerings were iesned by the
26.
Mayor yesterday.
DEALKRS IN
Electric Railways, Electric Light
1,
January
BANKERS,
York.
W. Halsey & C1.1., par and $717 50
premium.
E. H. Rollins & Sons, par and V62%
premium.
N.
lookers, N. Y.—Bond Offerings —Proposals will be received
by John E. Andrus, Mayor, for the following bonds
BIDS BECEIVED UNTIL 12 M. J IN, 26.
INVESTMENTS.
INVESTMENTS.
G. WHITE & CO., Rudolph Kleybolte&Go.
Engineers, Confracfors,
For i]4t Bonas.
For 4% Bonds.
N. W. H-irrlsiCo., parless«346.
Jofe. Parker & Co., par less t'OO.
N. W. H-.lsey &Co., par leBS$700.
C. H. ''offln, par less $7uO.
S. A. Eean, par less 2^$.
Street,
BOSTON.
YORK.
arwd Tinr.e Deposits.
MacDonald, McCoy
k
Oo.,
LONDON CORRESPONDENTS:
J. G.
WHITE &
22a College
F. R.
MUMICIPAL AMD
CO., Limited,
Hill,
Cannon
The American Mfg. Co.
St.
FULTON & CO.,
Municipal Bonds,
I7i LA SALLE STREET,
BONDS.
xfT
MANILA SISAL AND JUTE
CORDAGE.
65
Wail
New
Street,
CORPORATIOM
La Salle
L. A.
25
York.
Street. Chicago.
NORTON,
BROAD STREET, NEW YORK.
CHICAGO.
K99 York
T. B. POTTER,
MUNICIPAL and onkinc
OsliGnNEERS.
Bank and Trust Co. Siocks.
172 Washington Street,
INCORPORATBD.
B^NU^* H. M. ByUesby
CORPORATION
CHICAGO,
L.18T
.
.
1L.JLS
.
8END POR
HIGH GRADE BONDS.
ITHITI NG'S PA PERS.
ENGINEERS.
ON APPLiICATTOM.
INVESTMENT BONDS.
& Co.,
Chicago
Bank and Trust Co. Stocks.
DESIGN, CONSTRUCT AND OPERATE
RAIL"WAY LIGHT, POWER AND
HYDRAULIC PLANTS.
LIST.
Examinations and Reports.
OENISON, PRIOR & CO
CLEVELAND.
BOSTON.
8c
159 La Salle
COUNTY
AND TOWNSHIP
CITY'
Life 8uildin«r,
CHICACO,
ENGINEERS,
Company
St., Cliicago.
BONDS.
_w«
«-^
Examinations and Reports on Physical and
Operating Values of Manufacturing
Properties.
22
For Business Correspondence,
ILL.
BALLANTYNE & EVANS,
Eatabllshrd 18»3.
H. C. Speer
New York
PINE STREET, NEAV YORK.
for letter written with your own hand, or
Oy.the typewriter, are UNEQUALED. Their qnallty
honors at all
t8 Hssnreii and they have won hldhest
the great World's Fairs. For high grade writing
papers of Bll kinds, for bond papers, and for ledger
papers, insist on having them made by the
Whether
WHITING PAPER COMPANY,
HOLY OK E,
New
York.
MA!<S.
Philadelphia.
Chicaoro.
THE CHRONICLE.
240
^ccountuuts*
grtist ^atup^attics.
LYBRAND,
ROSS BROS &
CAPITAL AND
SURPLUS,
MONTGOMERY
Certified
[Vol. lxxx.
$12,000,000 00.
Public Accountants.
(PennByiYanla)
Glmrd Bnildlng,
Stephen
I'HiLADEi.i'HIA.
Wall Street Exchanze Bulldlas,
NEW YORli.
HASKINS
SELLS,
80
CERTIFIED PUBLIC ACCOUNTANTg
Street,
New
Street,
London, E, C.
30 Broad
30 Coleman
Cleveland.
Glklo&£0.
Bt.
Louis.
business.
company embraces everj function
trust
your deposit account, subject
It will accept
allow you a fair rate of interest;
HASKSELLS."
CabPs Address,
The modern
York.
FittsbBCgh.
it
will safeguard
will collect bonds, rents, mortgages, interest,
every class of income;
to
of financial
cheque, and
your securities;
it
and
property and
dividends, coupons
will pay taxes and insurance, sell
undertake the care and management of estates. It is authorized by law
"™"'W. F.WEISS,
CERTiFIED PCBLIC ACCOUNTANTS
128 Broadvpay, Nenr TorK.
zamlnatlons
of Financial ^^ondltlons and BarQings
Beports and Adjustments fur Consolidations
to
it
act as executor, administrator, guardian, or trustee under will or
appointment of court. During your lifetime it
and at your death it will administer your estate.
and Keoreaulzatlcns.
lBTe8tlKntlur<< an Aiieilts of B<xnkfne acr
will act as
your agent,
13 Nassau Street, Equitable ^uildin^.
Slock iijrokeiaife Houses.
CuNN, Richards & Co.
IftnaiictaU
PRODUCTION ENGINEEE8.
PUBLIC ACCOUNTANTS.
XfTall Street
43 Wall
St.
office: of the:
Exeliauge Biilldlnis,
and 43 Exchange
Place.
Telephone 6840-6941 Broad.
WM. FRANKLIN HALL,
Accountant,
Exchano'e Buildino',
BOSTON, MASa
53 State Street,
Books audited. Examinations and inyeetlga'
tlons conducted with the utmost
care aud efficiency.
Wilkinson, Reckitt,
Williams
Co.,
CERTIFIED PUBI.Ir ACCOUNTANTS,
(Iltinois.J
.Vi Broadway, New Torb.
&
PHILADKtiPHIA.
CHICAQO
LOOMIS, COFAOT & 00.
CERTIFIED PUBLIC ACCOUNTANTS
30 Broad Street. Now Vork.
Tel. 4958 Broad.
ATLANTIC MUTUAL INSURANCE COMPANY,
New York, January 20th, 1905.
The Trustees, in Oonformily with the Charter of the Company, submit the following statement of
its affairs on the 31st of Dectmhtr, igo4\
PremitUDB on Marine Risks from let January, 1904, to 3l8t December, 1904...
Premiums on PoUoies not marked off Ist January, 1904
Total Marine
$2,909,343 08
724,151 84
Premimrm
Premiums marked
from
ofi
$3,633,494 92
Ist January, 1904, to 3l8t
December, 1904
Interest received during the year
"
"
"
less Taxes
Bent
$275,926 58
107,14S 14
Losses paid during the year which were estimated
in 1903 and previous years
Losses occuired, estimated and paid in 1904
$3,016,978 35
$318,124 29
771,957 98
•
S3^3074 72
$1,0£0,082 27
$142,418 20
84,094 99
Less Salvages
Be-lnsurances
Returns of Premiums and Expenses, $405,721 91
226,513 19
863.569 08
The Company has the following Assets, viz.:
United Btates and State of New York stock; City, Bank and other Securities
$5,243,600 52
Special deposits in Banks and Trust Companies
1,417,543 97
Real Estate corner WaU and William Streets and Exchange Place... $4,289,000
75,000 4,364,000 00
Other Real Estate and Claims due the Company
Premium Notes and BiUs Receivable
ALFRED ROSE,
CERTIFIED PUiJLIC ACCOUNTANT,
CALVEKT BUILDING.
56
BALTIMOUE.
PINK BTREET
NEW YOBK.
JAMES PARK &
PUBLIC
CERTIFIED
5*4
CO.,
ACCOUNTANTS,
Uroadway, Hew York.
a38 La
Salle Street. Cblcaaro,
RANGE OF JPBICEB
JFOR
YEAHS.
}i2
1882— 1903.
Cash
in
Bank
A
dividend of Six per cent Interest on the outstanding certificates of profits will be paid
to the holders thereof , or their legal representatives, on and after 'JTuesday, the ttcvcutli
of February next.
The outstanding certificates of the Issue of 1 81)0 will be redeemed and paid to ihe holders
thereof, or their legal representatives, on and after Tuesday, the aevcttilj oi! February
next, from which date all interest thereon will cease. The certificates to be produced at
the tlmH of payment, and canceled.
A dividend of Forty pei- cent is declared on the net earned premiums of the Company
for the year ending 31st December, 1904, for which, upon appUcation, certificates will be issued
By order of the Board,
on and alter Tiiceday, the aecoud of May, next.
«.
STANTOIS FLOYD-JOiMb^S,
GUSTAV AM3INCK.
FRANCIS M. UACON,
JOHN N. HhJACH.
WILLIAM K. BOULTON
VEKNON H, HROVVN,
WALDHON P. BROWN,
II.
(;.
LHAIWIAN,
CI^AIIK.
COUNliLIUS KI.DKliT,
KLKITMANN,
UliUUKBT L, UUIUUS.
CLEMRNT A. GKISCOM,
ANSON \V. nAKO,
MOKIU3 K. JESUP.
TUKOIJOICK P. JOHNSON.
LEWIS CASS LKUVAllU,
FUANCIS H. LICOGKTT,
CHARLES 1). LEVKltlCH,
LKANOKK N. LOVELL,
GKOKGE U. MACY,
OlIARLKS H. MARSHALL,
W. U. U. MOURE,
PKicE.
Some
n
pan cor v.
earlier Issues ic'iy
WWS. B.
TO^i
bo ^Ad ct tS 00 a copy
DAMA COMPANY,
PINE
ST.,
NEW
Y0R:1.
NICITCLAS F. PALMEIt,
HKNRY PARISH.
KRKDEHIC A. PARSONS.
DALLAS B. PRATT,
GEORGE W. yUINTARD,
A. A. RAVEN,
JOHN L. RIKKR,
DOUGLAS U03IN30N,
GUSTAV U. SCHWAB.
WILLIAM C. STURGE*
RAVEN, Presidfnt.
CORNELIUS JOLDERT, Vire-Pres't.
THKO. P. JOHNSON, 2d Vi''e- rr.s't.
A. A.
9lTe» a monthly runee of Stock and Bond Prices
lur ave years. We can buppiy
1887 Issue whicli gives I882-188G
•<
"
"
1892
1887-1891
"
"
'<
1897
1892-J896
"
"
"
1902
1887-19C1
««
"
"
1804
1899-1903
Secretary.
TRUSTEES.
GKOUGIC
RETIEl'V
$12,63g.243 93
Aggregating
H)V/ALIi
THE FINANCIAL
241,710 47
351,301 69
lorelgTi countries
JOSKI'H
OUR ANNUAL
1,020,087 28
Cash in the bands of European Bankers to pay losses tinder poUcleu payable in
JAS. L. LlVlNiiSrON.jd
Atlantic itlutaal Innvraucn Ccimpuny Merit
of All Yoacs lIo:tui<t and Sold.
JOHN
Soom
M. GILLESPIE,
No. 518 Atlantic Bnilrtln^,
4951 Wall
Street,
NEW ¥0»?
rice-I'res't.
EMILIEN PERRIN,
IMPROVED AND UNIMPEOVED
NEW ORLEANS BEALTT,
Southern Timber and Prairie Lands.
MEW
O.qiEANS.
@FedFRASER