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CHRONICLE SECTION.
State and City Section (semi-Annuaiiy)
Quotation Section (Monthly)
Railway and Industrial Section (Qnarteriy)
Ban k and
Congress
Act of
Entered according to
In the year 1906 by
Street Railway Section (Thr£’J:7‘D.O.
°'Ij
William B. Dana Company, In Office of Librarian of Congress, Washington,
NEW YORK JANUARY 26
VOL. 84.
•Jfimtucial.
THE LIBERTY
FISK & ROBINSON NATIONAL BANK,
^itiauciaU
'
financial.
AMERICAN BANK
BANKERS
NOTE COMPANY
78 to 86 Trinity
Reorganized 1879
Engravers j* Printers
SHARE CERTIFICATES,
BONDS FOR GOVERNMENTS AND COR¬
PORATIONS, DRAFTS, CHECKS, BILLS
OF EXCHANGE, STAMPS, ETO, WITH
SPECIAL SAFEGUARDS TO PREVENT
COUNTERFEITING 0 LITHOGRAPHIC
AND TYPE PRINTING J* RAILWAY
BOSTON
.
•
Daniel G. Reid,
Charles A. Moore,
Charles H. Warren.
Frederick G. Bourne.
Charles H. Stout.
1856.
Organized
I Capital
Harping and Profits
Deposits Bov. 12, 1900....
$3,000,000 00
8,144,1210 40
96,785,004 20
j
Harvey Fisk & Sons,
62 CEDAR ST.,
CHAS.L.LEE,
.
.
.
TRUSTEES:
.
•
•
Secretary
Treasurer
T. H. Freeland, Chairman of the Board
Edmund C. Converse
John Mason Little
Wm. Nelson Cromwell Phlneas C. Lounabury
Chas. A. Moore
Francis L. Potts
Francis S. Smithew
Andrew V. Stout
Joseph R. De r<tmai'
James 3. Ford
Warren L. Green
Francis L. Hine
JOHN C. McKKON,
VICE-PRESIDENT.
GILBERT G. THORNE,
VICE-PRESIDENT.
JOHN G YAN
Railroad and
Municipal Bonds,
VICE-PRESIDENT.
and other
MAURICE H. EWER,
CASHIER.
INVESTMENT SECURITIES.
WILLIAM A. MAIN
ASST. CASHIER.
represented by
Philadelphia,
James H. Chapman,
FOXCROPT ASST. CASHIER.
FRKIFK O.
in
Government,
CLEAF,
WILLIAM O. JONES,
ASST. CASHIER.
NEW YORK
-
-
Bankers and Dealers
PRESIDENT.
President
Vice-President
,
E. C. Converse,
T. A. Gillespie,
F. L. Hine,
H. P. Davison.
Arthur F. Luke,
J. Rogers MuxwolL
Fred’k B. Schenck.
Ambrose Monell.
Henry C. Tinker
E. F. C. Young,
RICHARD DKLAHELD,
•
FRKD’K P. McGLYNR*
Asst. Cashier.
DIRECTORS:
The National Park Bank
of New York.
!
OFFICERS:
•
Cashier.
Vice-President.
HENRY P. DAVISON,
Chairman Exec. Com.
Geo. F. Baker.
IMPROVED 'STYLES
Warren L. Green
Jared K. Myers,
.
Frank K. Johnson,
Undivided Proflta,
$3,100,000.
FRKD’K B. 8C'HENCE. President.
CHARLES a. STOUT
D. G. REID
Vice-President.
Vice-President.
CHARLES W. R1KCKS,
JAMES V. LOTT
2d
! NEW YORK
BANK NOTES,
TICKETS OF
NEW YOKE.
Capital, Surplus and
Government Bonds
Investment Securities
Place, New York
Business Founded 1795.
NO. 2170
1907.
Chicago,
Our list of
421 Chestnut St.
represented by D. K. Drake,
Continental National
Bank Building.
Investment Securities sent on application.
CHARTERED 1810,
Baltimore Stock
Members or Kicnmond and
Exchanges.
MECHANICS NATIONAL
Main Streets,
RICHMOND, VA.
middendorv,
Capital,
-
Surplus,
Williams & Co
-
-
-
INVESTMENT SECURITIES
$3,000,000
3,000,000
-
-
Members New
Main Streets,
Richmond, Va,
Francis Ralston
President.
Vice-President.
SANDS, Vice-President & Cashier.
T. K.
H. A.
L.
Clearing House
Bank
HEPBURN, President
A. H.WIGGIW.'Vice-Pres. E. J.STALKER,Cashier
A. B.
ORIGINAL CHARTER 1829.
MUNICIPAL RAILROAD AND OTHER
328
CHESTNUT STREET,
PHILADELPHIA.
GARFIELD NATIONAL
23d Street and
Directors:
NATIONAL
Capital
Surplus
-
-
-
-
-
-
Capital Surplus Ac Profits
$1,000 000
1 000 000
THE
—
IS
ESPECIALLY
ARRANGED FOR
BANK OF NEW
National
HANDLING
UERCANTILE ACCOUNTS.
OF THE CITY OF
Howell T. Manson,
YORK
ACCOUNTS INVITED.
$1,000,000
Adrian Iselin
Assistant Cashier
DIRECTORS
Jr.
Chas. a. Peabody
Frederic W. Stevens
Samuel Woolverton
H. Stevens
W. Kmtjek Roosevelt
Charles H. Tweed
Thomas Denny Jx
Alexander
'
-
(earned) 2,300,000
OFFICERS
*
Banking Association.
-
NEW YORK
Samuel Woolverton, President
Alexander H; Stevens, Vice-President
George E. Lewis, Cashier
Founded In 1784.
OF NEW FORK
PINE
NATIONAL BANK
BANK,
Sixth Ave„
JBANU :
—CORNER NASSAU AND
STREETS
GALLATIN
New York.
EQUIPMENT OF THE
OF TBE CITY
THE
BONDS.
Henry W. Cannon. Chairman. James J. Hill
OHver 11, Payne George F. Baker JohnI. Waterbnry
Grant B. Schley A. B. Hepburn
A. H. Wiggin
George F. Baker Jr.
FOURTH
Welsh,
Building
©ap.&Surp., $9,159,000 Deposits, $61,053,000
THE
Philadelphia.
INVESTMENTS.
WILLIAMS, Asst Cashier.
1>. CRENSHAW JR., Trust Offloer
Chase National
Exchanges.
511 Chentnut Hereof
New York.
Capital &Suroliis,
$1,200,000
OFFICERS:
JOHN SKELTON WILLIAMS.
FREDERICK E. NOLTING.
York and Pliila. Stock
7 Wall Street,
Bank of Richmond.
N. W. cor. ioth and
Co.
BANKERS
33 Wall Street.
Corner 9th and
Baltimore Correspondents:
Edward B, Smith &
BANK.
John L. BANKERS,
Williams & Sons,
!
n
THE CHRONICLE.
[VOL. LXXXIV.
gmtkers and gvuxoexs of fjoYeign: ^change.
J. P. Morgan & Co., Maitland,Coppell & Co., Kidder,
Peabody & Co.,
YORK.
WALL STREET CORNER
52
BROAD,
WILLIAM
NEW
NEW YORK.
Drcxel & Co.,
Morgan, Harjes&Co.
CoT.of6t h & Cheftnnt Sts, 31 Boulevard
PHILADELPHIA.
Deposits received subject to Draft, • Seenrttiee
bought. and sold on Commission, Interest allowed on
Deposits.
Foreign Exchange. Commercial Credits.
Cable Translers.
Circular Letters for Travelers
available in all parts of the world.
ATTORNEYS ANT) AGENTS OV
JVleurs. J. S. MORGAN Sc
-
CO*,
LONDON.
-
Brown Brothers &
PHI LA.
NEW YORK,
Co.,
BOSTON.
59 Wall St.
ALEX. BROWN &
Bills «/
PARIS.
STREET,
.
v
/
travelers* letters of credit
Available throughout the United Staten.
August Belmont & Co.,
BANKERS,
No. 23 NASSAU STEET.
Agents and Correspondents of the
Messrs. ROTHSCHILD,
London, Paris and Vienna.
ISSUE LETTERS OF CREDIT
POIl
TRAVELERS,
Available In all parts of the werld.
Draw Bills of Exchange and make Telegraphlo
Transfers to EUROPE,
Cuba,
Mexieo and California
Execute orders for- the purchase and sale of
Investment Securities,
points.
Issue Commercial and
Travelers’ Credits, available in
OX VzI*6CLt).
ail parts of the world.
BROWN, SHIPLEY & CO., LONDON.
Cuyler, Morgan & Co.,
44 Fine
J. & W. Seligman & Co.,
BANKERS,
Mo. 21 Broad
Issue
Street, Mew York.
Letters of Credit to
Available in anv
DRAW
BILLS
TELEGRAPHIC
OF
Travelers
Part of the World.
EXCHANGE
TRANSFERS
OF
AND
MAXI
MONEY
TO
EUROPE, CALIFORNIA AND THE HAWAIIAN
ISLANDS.
Buy and Sell Investment Securities.
the other West Indies,
and maj£e cabie transfers on all
j*i
_
LETTERS OF CREDIT.
Agents for the Bank of Australasia, the British
Guiana Bank, Demerara, etc., etc.
CHEQUES.
Buy and sell Bills of Exchange
FOREIGN EXCHANGE.
And Its Branches.
-
CERTIFICATES OF DEPOSIT
INVESTMENT SECURITIES.
Banco Naclonal de Mexico
J-U. V
_
BANKERS,
Union of London & Smith! Bank, Limited,
London,
Messrs. Mallet Freres Sc CleM Paris,
SONS, BALTIMORE.
t
liny and sell first-claim In,
vestment securities on comI TIVASTjTnfiTIti
mission.
Receive acconnts
Ot Banks. Bankers, CorporaCAnnw+ifla
tions, Firms and individuals
OCCTiriX±v?o.
©n lavorable terms.
Collect
drafts drawn abroad on all points in the United
States and Canada; and drafts drawn in the United
States on foreign countries, including South Africa
Credit,
ON
Mem s. N. Y., Phila„ Boston & Baltimore St’k Exch’B.
T jA-f-f atq
XJv/UGC'io
BOSTON.
Exchange, Telegraphic Transfers,
Betters of
CONNECTED BY PRIVATE WIRE.
INTERNATIONAL
115 DEVONSHIRE STREET
Orders executed for all Investment Securities.
Act as agents of Corporations and negotiate and
issue Loans.
Ilaxtssnmnn,
DOMESTIC AND IORE1GN BANKERS,
No. 22 OLD BROAD
STREET,
AGENTS AND CORRESPONDENTS OF
Seligman Brothers, London.
Seligman Freres Sc Cle., Paris.
A Is berg, Goldberg Sc Co., Amsterdam.
Anglo-Callforaian Bk.,Lt.,SanFranciscs
Street, New York.
BANKERS
TA1LER&CD
INVESTMENT
SECURITIES.
MEMBERS OF NEW YORK
STOCK
EXCHANGE.
27 Pine Street, New York
KESSLER
&
Foreign & Domestic
CO.,
Bankers
BANKERS.
54
INVESTMENT
SECURITIES
WALL
STREET,
NEW
YORK.
Members el the N. Y. Stock Exchange.
High-Grade Investment
Bay and Sell Bills of Exchange and
Securities
Cable
Transfers
on
all
the
Principal European Cities.
ISSUE
COMMERCIAL
AND
Letters of Credit
TRAVELERS’
CREDITS, BUY
Winslow, Lanier & Co.,
59
CEDAR
NEW
AND SELL RAILROAD
STOCKS. BONDS AND INVESTMENT
SECURITIES. ACT AS FINANCIAL
Heidelbach, Ickelheimer & Co.-
BANKERS.
Deposits Received Subject to Draft. Intewt
Deposits. Securities
Bought ana Sold on
Foreign Exchange, Letters or Credit.
Kean, V anCortlandt&Co
BASHERS,
William Street,
MEMBERT N. Y. STOCK EXCHANGE.
Execute orders for purchase and sale of
Stocks and Bonds.
issue Commercial and Travelers^ Credits
available in all parts of the world.
Schulz &
Ruckgaber,
BANKERS,
11 William Street,
30 PINE STREET, NEW YORK.
Gene al
Foreign ana Domestic
Banking Business.
GRAHAM
Foreign Exchange Bought and Sold.
New York.
-
Members New York Stock Exchange.
a
St, New York
on
Commission.
Transact
33 Pine
507 Chestunt St.
BANKERS,
37
Allowed
Philadcl phia
AGENTS FOR CORPORATIONS.
STREET,
YORK,
for Travelers.
Correspondents ol Messrs.
Fruhttag & Ooscben. London,
Joh, Bereoberg. dossier & Co., Hamburg.
•
•
Marcoard & Co., Paris.
Bremar Bank, FiU&ie Dreadner Bank, Bremen,
is see Commercial & Travelers’ Credits.
&
CO.,
BANKERS.
No. 435 Chestnut
Street,
PHILADELPHIA.
Members Philadelphia Stock
Exchange.
SECURITIES BOUGHT AND SOLD
ON
COMMISSION.
Deposits received subject to Draft,
Dealers in High-Grade
INVESTMENT SECURITIES.
Issue Letters of Credit and
Traveler's Cheques.
List of current offerings sent on
application.
Buy and Sell Bibs of Exchange.
Cable Transfers and Investment Securities
Dealers in Investment Securities.
LawrenceT urnure&Co. MOSLE
loHN
MUNROE
No. 30 Pine
&
Co.,
Street, New York.
No. 4 PohI Ofiiee
Square, Ronton.
Issue Circular Letters of Credit for Travelers’ Use
Abroad Against Cash or Satisfactory
Guaranty of Repayment.
Exchange
on
London. Pari*,
Zurich and St. Gall.
Credit* Opened
and
Berlin,
Payments Made by Cable
Pari* Mouse-IUUNKOE A CO.
Bankers,
50
Wall Street, New York.
Deposits received subject to draft.
Interest al¬
lowed on deposits. Securities bought and sold on
commission. Travellers credits available through¬
out the United States, Cuba, Puerto Rioo, Mexioo,
Central America and Spain. Make collections in and
issue drafts and cable transfers on above countries
London
Bankers*
—
London
Bank, Limited.
Paris Bankers*—Heine Sc Co
BROTHERS,
16 & 18 EXCHANGE
Joint-Stock
PLACE,
NEW YORK.
COMMERCIAL
CREDITS,
FOREIGN EXCHANGE,
Attorneys and Agents op
MESSRS.KONIC BROTHERS.Banken
LONDON,
m
THE CHRONICLE.
Jan. 20 1907.
lauhers.
gaufeers.
govei^n gxcftmij0pe.
Wm. A. Read & Q>.
BANKERS.
Lee, Higglnson & Co.,
44 State
BANKERS
Investment Securities.
Street, BOSTON.
3 Broad
Mew York.
Street,
Dealers in
CHICAGO OFFICE,
NASSAU
25
NEW
The Roakery.
HIGH-GRADE BONDS
STREET,
YORK.
43 State St.
203 E. German St-
205 La Salle St.
BOSTON.
BALTIMORE.
CHICAGO.
Stock
Members New York Stock
Exchange.
Boston* 10 Post Office Square.
Members New York and Boston
Plympton, Gardiner & Co.,
Millett, Roe & Hagen,
Exchanges.
J. B. RUSSELL & CO„
Members N. Y. Stock
Exchange
BANKERS
46 WALL
BANKERS.
ST., NEW YORK,
dealers in
Conservative
Investments
LISTS ON REQUEST.
•27
WILLIAM
8T„
NEW
High-Grade Bonds
AND
Investment Securities.
YORK*
Beet on.
Chicago.
Safety Deposit Vaults for
Members
Chicago Stock Exchange.
Financial Representatives
of the Illinois Tunnel
Company.
Financial
BANKERS
Uae of Cotton*
N ew Y ork Stock Exchange.
t
Geo, P. Butler & Bro.
Railroad and other
Investment Securities
Repreeentatlvee of the Automatic
Electric Company.
N.W. HARRIS & CO.
BANKERS
Pine Street. Center
William
to check
balances.
Act as fiscal agents for munici¬
palities and corporations. Issue
letters of credit and deal In
NEW Y6BK
35 Wall Street
BOSTON
NEW YORK
CHICAGO
BRANCH OFFICES:
CHICAGO, ILL.
CARBONDALE, PA
WILKES BARRE, PA
READING, PA
SCRANTON, PA
DAYTON, OHIO.
BINGHAMTON, N. Y.
Receive deposits subject
and
allow interest
on
BONDS FOR INVESTMENT
Goldman, Sachs & Co.,
BANKERS.
43
EXCHANGE PLACE, NEW YORK.
Members of New York Stock Exchange.
HALLQARTEN & CO.
Bankers
purchase and
and Bonds.
Execute orders for
LIST ON APPLICATION
sale of Stocks
Buy and Sell Foreign
STREET,
« BASSA0
Exchange.
.
NEW YORK
ADDRESS ••COLDNESS.”
CABLE
Letters of Credit
Blake Brothers & Co.,
60
Available in all parts
84 8tate Street,
Exchange Place,
BOSTON.
NEW YORK.
Dealers in
NEW YORK
of the world.
DEALERS
Investment Securities
H. B. HOLLINS &
Coot, of Wall and Broad Sts., New
Paper.
Members New York & Boston Stock
Exchanges.
Rudolph Kleybolte& Co.
Paper
Draw Bills ol
CO. N. W. HALSEY & CO„
Exchange and make
Asia, Aus¬
Cable Translers to Europe,
tralia, the West Indies, Central and
South America and Mexico.
Issue Letters ol Credit lor Travelers,
available in all parts ol the world.
Zimmermann & Forshay,
DEALERS IN
BANKE US.
MUNICIPAL, RAILROAD and
8TREET RAILWAY
BOND8.
27-29 PINE STREET, NEW YORK.
Daily and Time Deposits,
Members New l'ork
Orders executed
Stock Exchange.
for Invest¬
for stocks and bonds
ment or on
margin.
FOREIGN EXCHANGE
FOREIGN EXCHANQE,
37 WILLIAM STREET, NEW
YORK.
Members N. Y. Stock, Cotton and Coffee Exchanges
LEONARD H. HOLE.
W. N. COLER &
CO.,
BANKERS
59 CEDAR ST., NEW YORK.
INVESTMENT SECURITIES'
INVESTMENT.
FOR
Interest Allowed on
Deposit Accounts.
Fiscal Agents for Cities
and Corporations.
NEW YORK.
Chicago, San Francisco
49 Wall Street,
Philadelohia.
PHILADELPHIA
NKW YORK
E. D. SHEPAED & CO.
Bought & Sold
LETTERS OF CREDIT ISSUED.
all Parts ol the World.
BIRD S. COLER,
Member N. Y:Stock Exchange.
Schmidt,
BONDS
Wall Street, New York,
9 and 11
Cable Translers to
Stern &
BANKERS.
York.
BANKERS.
on
Investment Securities
CITY
Investment Securities.
Interest Paid
Foreign Exchange
IN
and Commercial
and other
MUNICIPAL BONDS.
Commercial
Issue Commercial and Travelers'
Letters of Credit,
INVESTMENTS.
LONDON
BOSTON
KNAUTH, NACHOD & KUHNE
BANKERS.
Members of the New
YorkStock Exchange.
LEIPZIG GERMANY.
THOMASRLNG 17
NEW YORK.
16 WILLIAM ST,
fVOL. LXXXIV.
THE CHRONICLE
IV
©atmdiati
fforeieti.
DEUTSCHE
The Union Discount Co. Bank of Montreal
BANK,
of London, Limited.
BERLIN, W.
947,019,000
M. 200,000,000^
833*118.000
RESERVE
[Established 1817.]
CAPITAL
39 CORNHILL.
BEHREN8TRA88E 9 TO 13.
CAPITAL
M. 97,009,000.
Telegraphio Address, Udleoo, London,
Capital Subscribed
87.500,000
Paid Up
3,750,000
Reserve Fund
3.350,000
98—£1 STERLING.
NOTICE IS HEREBY GIVEN that the BATES
OF INTEREST allowed for money on deposit are
as follows:
ditidhtos paid during last tin tsars:
10,10, lOfe 11,11,11,11.11,12,12 per oent.
-
at rates advertised from time to time,
loans
on
Yard, Lombard St.
E. C.
FRENCH FINANCE CORPORATION
OF AMERICA.
HEUf YORK OFFICE:
No.
investment
Buy and sell Sterling and Continental Exchange
throughout the Dominion ot Canada*
London
market.
ACT
84*190.000
$395*000
FOR
AS
FINANCIAL AGKNT8
ffutreign.
AMERICAN
RAILWAY
IN FRANCK
CORPORATION•»
IN THE OBTAINING OF LOANS AND SALE
OF
SECURITIES.
NEW
BERLIN.
25
Branches!
PARIS.
YORK,
Broad Street.
HEAD OFFICE!
5 Threadneedle Street, London, England.
Cordoba, Tnonman
BOLIVIA: La Baz, Oruro.
o
Ghili: Antofagasta, Concepcion, Iqmque, Osorno,
Puerto Mentt, Santiago, Valdivia, Valparaiso.
FbbU: Areqnipa, Callao, Lima.
URUGUAY: Montevideo.
SPAIN: Barcelona.
Made* A antt: Banco Mexlcano de Comerclo e
The London City &
Midland Bank, Limited,
9, rue Fillet-Will
Argentina: Bahia-Blanca, Bell-Ville, Buenos Alrea,
With Branches in ail the Principal
of England.
ESTABLISHED 1836.
SUBSCRIBED
CAPITAL,
CAPITAL,
BESERVE PUND,
Mexioo.
BASLE, ZURICH, ST. GALL,
Drafts, cablertranslers and letters
GENEVA, LONDON.
ot credit issued.
London Agents.
Deutsche Bank (Berlin) London Agency.
4 George Yard, Lombard St„ London, E.C.
Capital, Paid Up
Surplus
-
-----
E, H. HOLDEN, IU.P„ managing Director.
Fr. 62,800,000 BOISSEVAIN &
34 BROAD STREET,
Fr. 14,280,000
NEW YORK.
’
48*44 Bshbxn Strabsx.
BREMEN.
STINTBRUCKB 1
FBANKFORT-ON-M^
LONDON. K. C..
TRANSACT A GENERAL BANKING
AND STOCK EXCHANGE BUSINESS,
Berliner
NORTHCOTE,
Handels-Gesel I sc haft,
58 Corn hill.
DUDLEY &
BERLIN, W.,
Telegraphic Address, Dibcontogi, Berlin.
Diboontogr, Frankfurtmaln.
schwoldk, Bremen.
Eehrenstr&8seLr89-33
soondito. London.
and
Franzoslsohe-Btrasse 42
,
Telegraphic Address:—Handelschaft. Berlin.
11
CAPITAL, fully paid,
$40,476,200
-
ESTABLISHED 1856
COMPANY,
49 Wall Street, New York,
807 Monadnock Bloc
Chicago
Poultry, Cheapside
London, B.C.
FOREIGN FUNDS
ai. i7o.ooo.ooo.
RESERVE,
Adolph Boissevain & Co.,
Amsterdam. Holland.
E8TABLI8HED 1851.
"
CO.,
Members New York Stock Exchange.
Discon to-Gesellschaf t,
*•
$75,428,400
15,714,250
15,714,250
PAID-UP
Direction der
-
Cities and Towns
Telegraphic Address: Cinnabar, London.
SWISS BANKVEREIN
Bills sent tor collection, negotiated or
advanced upon.'
**
Office, No. 46 & 47 Threadneedle St.
F. W. Taylor, Manager.
HEAD OFFl'CE:
*
Agents.
and Cable Transfers; grant Commercial and Trav¬
elers’ Credits available m any part ot the world;
issue drafts on and make collections in Chicago and
84.701.000
M. 2,000,000
*
PINE STREET
31
R. Y. HEBDEN,
W. A. BOG,
J. T. MOLINKUX
Securities lor the French
(Deutsche Ueberseeische Bank.)
Robsmarkt la
159,881.84
-
E. tt. CLOUSTON..Vice-Prest. and General Manager
CHRISTOPHER R. NUGENT. Manager.
BANCO ALEMAN TRANSATLANTICO
BERLIN,
-
$14,400,000.00
11,000,000,00
Hon. Sir George A. Drummond K.C.M.G.President
approved negotiable securities.
Purchasers of First-Class
In Austria,
-
Head Office—Montreal.
.
Subscribed Capital
M. 20.000,000
raid Up Capital
M. 17,600,000
Reserve Fund
-
-
Rt. Hon. Lord strathcona and Mount Royal
G. C. M. G
Honorary President
and grants
AND TH1
LONDON
-
UNDIVIDED PBOFITS
Call, 3% Per Cent.
At 3 to 7 Days9 Notice, 334 Per Cent.
The Company discounts approved bank and mer¬
cantile acceptances, receives money on deposit
Deutsche Bank (Berlin) London A^encv:
4 George
paid in
BEST
At
Branches:
BREMEN, DRESDEN, FRANKFORT-ON-M.,
HAMBURG,
LEIPBIC,
MUNICH.
NUREMBERG, AUGSBURG
WIESBADEN.
Hanks.
$18,712,526 Banking Transactions of Every Description.
For Investment in the United States.
M. 57,500,011.
W<dfi the unlimited personal liability of
the following partners:
A. BCHOELLSR,
M. SCHINCKEL,
A. SALOMONBOHN
Capital,
Reserve,
J. TIobter,
K. RUSEBLL,
F. URBIG.
-
-
M.100,000,000
M.
29,000,000
Hong
Kong & Shanghai
BANKING
CORPORATION.
Paid-up Capital (Hong Kong Currency).. 110,000,006
Reserve Funds
J J®
^{oS.OOO! "
Reserve Liability of Proprietors.
Brasilianische Bank
The National Discount
fur Deutschland.
CAPITAL
31
10,000,000 00
Head Office: HAMBURG.
Branches: Rio dk Janeiro, Sao Paulo,
Porto Alegre.
Santos
Bank fur Chile und
Deutschland.
CAPITAL
3110,000,000 00
HAMBURG, with branches In CHILI (Banco de
Chile A Alemania): Valparaiso, Santiago, Concep¬
cion, Temuco, Antofagasta; and In BOLIVIA
Iiapaz
Bancoand
de Ornro.
Chile A Alemania, Seccion Bolivians),
The aheve*named banks, founded and represented
Europe by the
Direction der Disconto-Gesellschaft,
Berlin, Bremen, Frankfort o/m and London
Norddeutsehe Bank la Hamburg,
Hamburg, otter their services for every description
regular j© banking transactions.
Company, Limited.
35 CORNHILL,
LONDON, E. C.
Cable Address—Natdis, London.
Subscribed Capital
$31,100,035
Paid-Up Capital
4,33>*335
Reserve Fund
3,000,000
($5=£1 STERLING.)
NOTICE IS HEREBY GIVEN that the RATES
OF INTEREST allowed for money on deposit are
as
follows:
At Call, 3J/t Per Cent Per Annum.
At 3 to 7 or 14 Days9 Notice, 394 P. C.
Approved bank and mercantile bills discounted.
Money received on deposit at rates advertised from
time to time, and for fixed periods npon terms to be
especially agreed npon.
Loans granted
on
approved negotiable securities.
PHILIP HAROLD WADE. Manager.
.
20'250>00#
10,000 000
GRANTDRAFTS, ISSUE LETTERS OF CREDIT, NEGOTI¬
ATE OR COLLECT BILL8 PAYABLE IN CHINA, JAPAN.
PHILIPPINES, STRAITS SETTLEMENTS, INDIA, ETC.
WADE GARDNER, Agent, 50
Wall.St.
INTERNAOONAL BANKING
CORPORATION °* New York.
»
CAPITAL A
SURPLUS, $6,500,000
Buy und Heir Sterling and Continental Exchange and
Cable Transfers, Negotiate Draw or Receive
for Collection Buis on Points in the
Orient, Issue Letters ot Creditr
Branches at London, Bomba y. Ca lcutta, Singa¬
pore, Canton, Hong Kong, Manila. Shanghai,
Kobe. Yokohama, San Francisco. City or
Mexico. Washington, d.C. Panama.
H. SCHERER &
BANKERS.
CO.,
Collections, Foreign exchange and Invest¬
ment
Securities.
MEXICO.
Jan. 26 1907.
faults and Sauhcvs.
©auadiati gatxbs.
THE CANADIAN BANK
OF COMMERCE,
BARING
$10,000,000
5,000,000
BANKERS
Buy and Sell Foreign Exchange.
IS EXCHANGE PLACE.
Wm. Gray and H. B. Wai-keh. Agents
LONDON OFFICE:—60 Lombard Street,
Bankers in Great Britaint
The Bank of England.
The Bank of Scotland.
Lloyds Bank Limited,
Union of London and Smith’s Bank.
K. U
Issue Commercial and Travelers’
Letters of Credit,
INVESTMENT SECURITIES.
Limited.
Buy and Sell Sterling and Continental Ex¬
change ana Cable Trannlerw, c-ouiinerniul
Collections made at
Traveler*,* Credit#.
Mackay & Co.
15 Wall Street, New York.
NEW YORK OFFICE:
and
CO.,
&
BANKERS
TORONTO.
HEAD OFFICE,
PAID-UP CAPITAL
SURPLUS
Nob. 10 AND
v
T1IE CHRONICLE
i
all point*.
andlSxcliangebuBiness of every
description transacted with Canada.
Drafts and telegraphic transfers on
the Bank s bianch at COBALT, Ontario,
issued at lowest rates.
BROTHERS
BABIN#
CO., Ltd.,
A
LONDON.
and
In¬
deposits,
in Government Bonds
other Investment Securities.
ers
terest
Agents and Attorneys tor
Ranking
Members of the New York and
Boston Stock Exchanges. Deal¬
allowed
on
Nassau and Pine Streets
New York
ESTABROOK & CO.,
The Bank of
British North America
BANKERS,
Established in if*86.
15 State Street, Boston.
18
Congress St.
Boston
421 Chestnut St,
Philadelphia
Incorporated by Royal Chaetek in
£1,000,000 Sterling
440,000 Sterling
Paid-up Capital,
Reserve Fund,
STREET,
BROAD
24
NEW YORK.
INVESTMENT SECURITIES.
Head Office:
E. C.
York Office; 52 Wall Street
5 Grnrectuirch Street. Loudon,
New
ELM J .McMiCHAEL.t Agents
W T. OLIVER.
f
Buv and Hell Starling and Continental Exchange
and Cable Tran-fe*'*; Grant Commercial and Travel
or-’
C»edits available In any part of the world.
Issues Drafts on and make Collections in all parts
of the United States *nd Canada.
Merchants’ Bank of Canada.
READ OFFWE: MONTREAL.
members Bouton Stock. Exchange
GOVERNMENT, MUNICIPAL AND
CHOICE RAILROAD BONDS.
and other
JACKSON & CURTIS
BANKERS
$«,000,000
3,(174,306
NEW YORK OFFICE: 63 and 65 Wall St.
115 branches in the Provinces of Quebec, Ontario,
Manitoba, Saskatchewan, Alberta and British Co¬
lumbia. Good facilities for effecting prompt collec¬
tions in Canada. Bur nud seH Sterling Exchange
and Cable Transfers.
Issue Commercial and Trax
elers’ Credits, available in any part of the world.
London Agent**— Royal Hank ol fcootlnud.
The
Sovereign Bank of Canada
YORK AND- BOSTON
INVESTMENT
SECURITIES
1 Nassau
Street,
19
Homes Loring
Boston
INVESTMENT
SECURITIES
S. D. LORING.
C. Sidney Shepard, J
special.
S.D. LORING & SON,
The English Association of American
Bond & Share Holders, Ltd.,
BANKERS,
STREET
LONDON.
England for American and
Hallway ana Industrial Companies.
OREAT WINCHESTER
AoU
aa
Canadian
Agent
64 Devonshire Street,
.
.
Boston.
in
Trustees <fc
D+remrs
Alfred W. Smithers. Chairman
Lord Wflbt.W. Ltwdlby, T. Reynolds—London
T. P. Fowler—New York
The AunmUn'i Agent* in America and (needs ore
The Morton Trek Co. and the Bank mt MenSnni
THOMAS LINDLEY. Secretary/.
H. W. POOR & CO.
Congress Street,
New York
ffoneigti
S
86 WALL STRUT
STOCK EXCHANGES
Branches Throughout
the
Dominion
STREET
NEW YORK
BOSTON
71
NEW YORK AGENCY, 25 PINE
Corporation Bonds
67 MILK STREET
MEMBERS NEW
Agent,
BANKERS
Municipal, Railway
CAPITA L
Rest and Undivided Profits
TV. M. Ramsay.
Geo. A. Femaid & Co,
NEW YORK
BOSTON
33 Wall Street
33 Congress St
Tucker, Anthony & Co.,
BANKERS k
INVESTMENT BONDS.
BROKERS,
S3 STATE STREET,
BOSTON.
and New York Sleek
Exchangee,
Members Boston
VAN
THE
OSS
& CO.,
SOUTHERN RAILWAY CO.
HAGUE, HOLLAND.
Place American Investments in
5% Notes
Europe,
DUE FEB. 1ST. 1010
Tel. Address, Yoco.
Codes. Hurtfleld’s Wall St., W.
U. & Lieber.
TO YIELD
6%
BEHRENS TER. 48
CAPITAL, Mk. 25 Million
SURPLUS, Mk. 2K Million
Transacts a General
pays
Kissel, Kinnicutt & Co*
1 Nassau
Street, cor. Wall, New York.
Banking Business and
special attention to tli© execution of all
Banking Transactions with the
H. AMY & co..
UNITED STATES OF AMERICA
Countries
Travelers’ Letters of Credit and Cheques
available In ali parts of the world; Interest on
Deposits; Foreign Exchange, Cable Transfers;
BANKERS,
and other American
Investment Securities
BJANKBBS,
Member10/New York Stock Exchange.
No. 20 Nassau Street,
AMERICA-BANK A. G.
BERLIN: W. 64,
SIMON BORG & CO.,
'44
and 46 Wall St., New York.
INVESTMENT SECURITIES.
Bills ot
Exchange.
Letters ot Credit,
-
New York.
High-Grade
Investment
Securities
BERTRON, STORRS l GRISCOM.
BANKERS,
Land Title Winding,
PHILADELPHIA.
40 Wall Street,
NSW YtRK.
INVESTMENT SECURITIES,
[Vol. Lxxxiy.
THE CHRONICLE
VI
tanamo.
Santiago.
Guan¬
Matanzas.
Caibarien
BANKERS,
1,103,355 24
Olty of Havana Bonds
193,828 33 $3,167,082 05
Loans, Discounts, Time Bills, Etc
10,397,417 28
Other Bonds and Stocks
Furniture and Fixtures
Real Estate and Building
Sow York Correspondents:
104,860 80
504,600 00
-
$18,933,612 47
Exchanges
at^San?.'’
j
Battles, Heye & Harrison
68,436 73
248,615 23
.
Sundry Accounts
Calls on Capital Stock Due Aug. 1st
Members Phila. and New York Stock
Interest Allowed, on Deposits.
112 80.4th St. and 100-102 Girard
$5,000,000 00
300,000 00
414,415 59 $5,714,415 69
Surplus
aUndlvlded Profits
Members of Phila. & N. Y. Stock
Exchanges.
Investment Securities
J. W. SPARKS & CO.,
BANKERS.
BANKERS AND BROKERS
Corner Chestnut and Third Sts.,
DEALERS IN HIGH-GRADE UNLISTED
AND INACTIVE LISTED BONDS
FOR
INVESTMENT PURPOSES
(PHILADELPHIA STOCK EXCHANGE
NEW YORK STOCK EXCHANGE
CHICAGO BOARD OF TRADE
,
131 South 5th Street
52 Broadway
PHILADELPHIA
NEW YORK
13,219,196 88
Deposits
Trust Bldg
PHILADELPHIA, PA.
LIABILITIES.
Capital
Co.,
Ross, Morgan &
HANKERS dfc BROKERS
PHILADELPHIA
321 Chestnut Street,
Qallano Street Havana. Cuba
guey
& CO.,
E. W. CLARK
Santa Clara. Flnar de.' Rio. Cama-
GENERAL BALANCE SHEET JUNE 30. 1906.
ASSETS
Cash—
In Vaults
$3,140.818 20
Banks and Bankers
1,202,782 13 $4,442,600 38
Bonds and Stocks Owned—
Government Bonds
$1,869,808 4S
PHILADELPHIA
PHILADELPHIA.
National Bank of Cuba
Havana- Cardenas- Cienfuegos.
Manzanillo Sagua la Grande
groluers outside flew TJorb,
limbers and
^foreign.
Investment Securities
Private Wires,
N.Y., Pittsburgh, Chicago
$18,933,612 47
a
Deduct
Semi-Annual Dividend,
5178,424 00 4%
payable July 2nd, 1906.
Westling, Jones & Emmett, \udenried & Bowker,
Title
Land
Wennink,
Jordaan Cohen &
Drexel Building, Phila.
Building,
PHILADELPHIA.
WATER WORKS BONDS
Municipal and Corporation
BANKERS.
BONDS
PARIS*
PENNSYLVANIA TAX-FREE ISSUES
W. G. Hopper,
H. 8. Hopper,
Members of Philadelphia Stock Exchange.
iaulicvs
NATIONAL
FIRST
BANK
Capital and Surplus, $2,500,000
OFFICERS:
Frkd Yookl Jiu, Pres.
Uknry Kloks, Cashier.
Wm. Bigelow, v.-Pres.
OaeAHKArtXKN.A8t.Cash.
Frkd. t. goll, Y.-Pres.
K. J. Hughes. Aes’tCaFh.
A. W. BOGK.Ast.CaMD.
W. C. HAAS, Mgr. horelgn A Savings Dept.
Ladd &
Tilton,
Infor¬
present
holdings or proposed investments.
Newburger, Henderson
& Loeb
Stocks and Bonds
104 South 4th
PHILADELPHIA
Street,
Wurts, Dulles & Co.,
BANKERS & BROKERS
527 Chestnut
Street,
Philadelphia
ICO Broadway,
New York
Stock Exchange
Syracuse Rapid Transit
Philadelphia.
Investments receive our special attention.
mation cheerfully furnished
regarding
125 South 4th Street
Members of the New York and
Philadelphia Stock Exchanges.
BANKERS,
PORTLAND,
Members Philadelphia
Hopper & Co.,
STOCK AND BOND BROKER8,
28 South Third Street,
DEPOSITARY.
STATES
JOHN H.McQUILLEN & CO.
Wm. G.
OF MILWAUKEE.
UNITED
Guaranteed Principal and Interest by
American Water Works & Guarantee Company,
•
Members Philadelphia Stock
Exchange.
INVESTMENT SECURITIES.
Representatives of Spencer Trask & Co.
Benj. C. Warnick & Co.,
BOSTON.
OREGON,
ESTABLISHED IN 1850.
RESPONSIBILITY
Transacts
$5,000,000 00.
General Banking: Business,
a
Collections Given Special Attention.
BANKERS A BROKERS,
141 South 4th
Street,
Dealers In
Philadelphia, Pa ADAMS
HIGH-GRADE RAILROAD .AND OTHER
CORPORATION BOND8 AND STOCK.
guxjQtttttattlg.
Send for our Circular.
Certified Public Accountants
(Pennsylvania)
Wilkinson, Reckitt, Williams & Co.
CERTIFIED PUBLIC ACCOUNTANTS
New York
-
William Wilson A Sons.
Established 1802.
New York Office, 40
Special Department tor Bank Examinations under thr
management of a National Bank Examiner at
Established 1867.
Exchange, BANKERS,
316 E. Baltimore Street, Baltimore.
Investment and Miscellaneous Securities
a
•penalty, and whole Issues handled. Exceptional
facilities for dealing In all classes of Southern
Bonds. Loans on Collateral Securities negotiated.
Robert A.
PROVIDENCE.
Fisher & Co.,
Weeden &
BANKERS,
INVESTMENT SECURITIES.
TAX FREE
PROVIDENCE
>
Richardson & Clark.
JAMES PARK & 00.,
BANKERS,
CERTIFIED PUBLIC ACCOUNTANT..
25 Exchange Street, Providence, R. I.
Transact a general banking business. Bonds,
52 Broadway, New York,
189 La&alle Street, Chicago.
Private wires to
York, Boston and Philadelphia.
Stocks and Local Securities.
New
Certified’ Public Accountants
TRACTION. OAS & ELECTRIC
NEW YORK
56 Pino Street
Telephone 4361 John.
FINANCE CO.
JOS. B.
Bonds
and
Curb
Securities
NEW YORK.
8S06 HECTOR.
H.
K. TAYLOR
NEW
CO,
&
JERSEY.
EDWIN R. CASE,
NEW JERSEY
We will Purchase
Telephone 751.
Finance Electric Railways,
Lighting and Gas Properties
LARGE PROPOSITIONS PREFERRED.
JERSEY CITY.
TOPEKA.
MAYER, President.
or
SECURITIES,
13 EXCHANGE PLACE
11 Pine Street
A SPECIALTY.
29 BROAD ST.
January Investments
Netting 4 to 5%
DEALER IN
ROSE & CO.,
MAX B. BORG.
HARTFORD
MEMBERS BALT. STOCK EXCHANGE
LOOMIS, CONANT & 00.
30 Broad Street New York.
Tel, 4968 Broad.
Company,
BANKERS AND BROKERS
years' experience.
CERTIFIED PUBLIC ACCOUNTANTS
SThctlhmeoua
Wall & 37 Pine Sts.
Wilson, Colston A Co.
227 E. German Street, Baltimore
HOW,
EXCHANGE
Members of Baltimore Stock
Wall Street Exchange Building.
NEW YORK..
-
BALTIMORE.
Wilson, Colston & Co.,
Land Title Bnlljlng
PHILADELPHIA.
many
FOR INVESTMENT
BONDS
MEMBERS BOSTON STOCK
ROSS BROS a
MONTGOMERY
Broadway,
BOSTON.
7 CONGRESS ST.
LYBRAND,
52
COMPANY,
&
KANSAS
1 buy any
of the older issues of Kansas
bonds
D. H. MARTIN,
TdPKK A.
If
4 V ^ A
M
Jan. 26
YU
THE CHRONICLE
1907.)
Uau&ers auxX Jackets outside JXmu TJovU.
BUFFALO.
LOUISVILLE.
PITTSBURGH.
Buffalo Securities
Halsey & Halsey,
E8TA B LI SUED 18(13
BOUGHT AND SOLD
DANN
&
BANKERS
ROBINSON
AND
BROKERS.
ROBINSON
LOUISVILLE.
Members N. Y. Stock Exchange
Bankers,
INVESTMENT SECURITIES.
MEMBERS Or NEW, YORK AND
PITTSBURGH STOCK EXCHANGES
EXCLUSIVE PRIVATE WIRE
NEW YORK OFFICE, 111 Broadway
N.Y. Correspondent*: DOMINICK A DOMINICK.
Wood and Diamond Sts.,
BUFFALO OFFICE, 1000 Klllcott Square
JOHN
DUNLAP,
Street
DEALERS IN
Henry Sproul & Co.,
Bankers and Brokers
Railway Issues a Specialty
Member Louisville stock
BUFFALO, NIAGARA FALLS AND
New York Correspondent,
410 Wood
Exchange
MILLER A OO.
NEW
—
CHICAGO BOARD OF TRADE.
Established I860.
Correspondence
and information fur¬
nished about Southern State. Municipal and Rail¬
BONDS,
PITTSBURGH,
AND
RICHMOND. VIRGINIA.
Investment Securities
Local Stocks,
YORK. PHILADELPHIA, CHICAGO AND
Co.,
Davenport &
BROKERS,
BANKERS
BUFFALO, N. Y.
PITTSBURGH
-
PITTSBURGH STOCK EXCHANGES AND
RICHMOND.
GEORGE R. TELLER,
St.f
MEMBERS:
SECURITIES
LOCAL
PITTSBURGH
Establlihod 1880.
Brokgr.
Banker and
INVESTMENT SECURITIES
MEMBERS NEW YORK STOCK EXCHANGE
OTHER
L.
LOUISVILLE. KY.
CO.,
MEADOWS, WILLIAMS &
BROS.,
solicited
PA.
Established 1STL
Whitney, Stephenson & Co,,
STOCK
road Investment Securities.
Reference—Bank of New York. N. B. A.
BROKERS,
FitlC’K
BUILDING.
Oldest Pittsburgh Members N. Y. Stock Exchange
ROCHESTER, N. Y.
BONBEIGHT & HIBBARD
100 Powers
\
BRANCH,CABELL & CO.
Bankers,
Exchange.
State and
Municipal Bonds a Specialty.
SPECIALISTS ROCHESTER SECURITIES
Municipal and Corporation
URBAN
of Pittsburgh. Pa.
Jojnes 8. Knhn,
L. 1.. IVl’CIelland,
President
Sec. A Treaa.
PAID-UP CAPITAL, *200,000
R. M. FRIEND
1st
CO.,
ESTABLISHED 1850
WtSCONS N
PERU.
Mtge. 534% Bonds.
MOTTU & COMPANY
John W. Dickey,
BROKER,
NORFOLK. VA.
MUNICIPAL
and
CORPORATE
AUGUSTA.
RAILWAY COMPANY.
Of LIMA,
MICH.
MILWAUKEE
*
Securities Co.
FOR SALE
BONDS
MILWAUKEE, •
Correspondence Solicited
TENN
-
AUGUSTA, GA.
Hugh MacRae & Co.,
SOUTHERN
SECURITIES.
BANKERS,
.
Dealer** In Southern Investment Se¬
curities of Every Description.
W1LMINGTOW, N. €.,
WILLIAM E.
INVESTMENT
AMO
WASHINGTON, D. C.
INDIANAPOLIS
AUGUSTA, GA.
408 Colorado Bull ding.
CO.,
BUSH,
SECURITIES,
CORRESPONDENCE
J. F. WILD &
BONDS
(NO STOCKS)
Municipal and Corporation
Securities.
-
Co.,
PITTSBURGH.
INVESTMENT
Telephone and Street Railway
NASHVILLE,
&
Pittsburgh Stock Exchange.
We Buy and Sell
SOUTHERN.
fit
Avenue,
PITTSBUBGH, PA.
LANDIS BANKING CO.,
BANKERS
CHAS. SCHLEY
340 Fourth
INVESTMENT SECURITIES.
GOULDfNC MARR,
DETROIT. MICH.
VnlonTruftt Bldg., DETROIT,
specialty of all the Securities of
Columbia Bank Bldg;..
MASHY1LLE, TEMM.
MOSS & COMPANY
EXCHANGE,
Pittsburgh Distriot.
Members
NASHVILLE STREET R7. SECURITIES
CUMBERLAND TELEPHONE STOCK
BANKER
Rochester Securities
a
HALL,
STOCK
W. J. Black
Dealer in
4% to 6% Bonds
MYRON W. GREENE
C.
NASHVILLE.
Dally Lists Mailed on Application.
CHAS. SCHLEY
the great
Private wires to principal trade centres.
C Chicago Board oi Trade,
W. E.
We make
Members New York Stock Exchange, New York
Cotton Exchange, Chicago Board of Trade.
Rochester Stock Exchange,
ROBERT
MEMBER PITTSBURGH
RICHMOND, VA.,
Building.
C New York Stock
Memberst
II. L. Cabell.
C. W. Branch.
SOLICITED.
Otto Marx & Co.
Bankers and Brokers,
OLDEST BOND HOUSE IN
BANKERS
INDIANA
Municipal and Street Railway
Securities—A Specialty
123 E. Market St.,
-
INDIANAPOLIS.
JOS. T. ELLIOTT <X SONS,
Investment Securities
Members
Indianapolis Stock .Exchange
American Nat. Bank Bldg.
Birmingham, Alabama.
STOCK £
INDIANAPOLIS
Steiner
TRACTIONS AND
LOCAL STOCKS AND BONDS.
Fletcher Bank Building, Indianapolis.
BOIVDS.
ANI>
JONES,
ATLANTA, GA.
Brothers,
BAN ILEUS AND BROKER!*,
*
,
,
LOCAL STOCKS AND
A.
SHOCKS
LOUISVILLE.
*
Alabama..
•
Jo J. B. HILLIARD & SON,
Investment Securities.
■■■■■■■
NEWTON TODD
DARWIN G.
SECURITIES, NEGOTIATIONS.
Birmingham,
^
ATLANTA
BROKERS,
AJNFJD
■■
.
■>
BONDS.
;>■■■
f.1
wrimi
Strassburger,
bonds broker.
and
Southern Investment SecuritibiS.
MONTGOMERY, ALA.
-
■
•
LOU.SVILLE, KY.,
JUNKERS AND BROKERS.
INVESTMENT BONES.
.
STREET
RAILWAYSKClRITIEd
A
Specialty.
Correspondents, EX. HORTON A
CON. Y.
[TOL LTYT1V,
THE CHRONICLE.
Till
bankers and ^roliers outside Hew ^orfe.
CHICAGO.
CINCINNATI.
ST. LOUIS.
Bartlett, Frazier
WEIL, ROTH & CO.
&
CINCINNATI.
Carrington,
STOCKS AMD BONDS,
25
Municipal, County
and
STREET
BROAD
STOCKS AND BONDS,
CHICAGO RO^RO OF TRADE.
CO.,
INVESTMENT BANKERS
139
OHIO.
f. 193U.
&
CO.,
BONDS
AND
Miscellaneous Securities n all Markets
MLMHh.ll*> COLUMBUS STOCK
EXCHANGE'
■■■■"
-
1
Muni¬
amounts of Hinrh Grade
WAGNER
SECURITIES.
FRANCIS, BRO.&CO.
ST. LOUIS.
We have at all times lar?e
STOCKS
IN
214 N. 4th Street,
COLUMBUS
WHITE,
,
Chicago Board oi Trade.
INVESTMENT
OHIO.
-
-
...
_
DEALERS
AND DEALER
BROKER
,
St. Louis Stock Exchange.
A. O. SLAUGHTER & CO„
MONROE STREET,
EDGAR FRIEDLANDER
CINCINNATI,
.
..
(
BROKERS,
Exchange.
Chicago
i
Chicago Stock Exchange,
Chicago Board ot Trade.
St. Louis Merchants Exchange.
5% 1st Mtge. Bonds
Due July
102^.
Erie*
[I New York
Stock Exchange.
Stock
Members: s
CHICAGO, ILL.
ISSUE
l‘JO
Dated July 1
Tr. & Co.,
New York Stock Exchange.
New York CottoH Exchange,
New Y ork Cotlee Exchange.
New York Produce Exchange.
Members:
NEW
Broadway, NEW YORK.
Successor to
Companies.
Barney & Smith Car Co.
71
wires.
A. O. Slaughter
STOCK
Bonds and Stocks of Ohio
-
Street,
St. Louis.
NEW YORK STOCK EXCHANGE
private
-
410 and 412 Olive
CHICAGO STOCK EXCHANGE,
able for safe investment.
CINCINNATI,
CHICAGO.
MEMBERS:
Corporation Bonds suit¬
W. E. HUTTON &
YORK.
NEW
WESTERN UNION BLDG.
&
SONS,
GRAIN AND PROVISIONS.
Dealers in
EDWARDS
A. G.
■-*
DENVER. COL.
members New York Stock
cipal and Corporation Bonds
yielding from 4% to 5%, which
are
St.
Louie
Stock
Exchange,
Exchange,
Chicago Stock Exchange.
suitable for the investment
of trust funds and would alwavs
be available
as
collateral.
Investment Securities.
Cor
respondence invited.
William E. Sweet &. Co.,
Municipal and Corporation
W. B. McKeand & Co.,
Chicago.
The Rookery
WHITAKER
&
CO.,
B ON D &
GROUND FLOOR
SEATTLE. WASH.
E.
JOHN
Investment Securities
EQUITABLE BUILDINQ
PRICE,
A. G. Becker &
PRINCIPAL MARKETS
and Corporation
BONUS
BANK
PORTLAND. ORE,
PHILADELPHIA
Municipal and Corporation
BONDS
WELLS
DICKEY CO.
&
300 N. 4th ST.
Commercial
B.
Paper
LANE,
ST.
Members
£
and Investments.
MINN.
-
CALIFORNIA BONDS
Corporation
THEY PAY A BETTER RATE OF INTEREST
THAN BONDS OF THE SAME MERIT ISSUED
IN THE EAST
u$
Adams-Phillips Co.
CO..
Hayden, Miller & Co.
Investment Securities
Citizens
CLEVELAND, O.
Building.
other
Investment Securities.
JohnN. Drummond Jr. & Co.,
Stocks and Bonds,
N.E. Cor. Fourth and Locust Streets,
PASADENA
FIELDING
J. STILSON
INVESTMENT
CO.,
SECURITIES,
MEMBER LOS ANGELES SIOCK EXCHANGE
LOS ANGELES.
PRIVATE WIRES.
MUNICIPAL AND
PUBLIC FRANCHISE CORPORATION
BONDS
and
Sold.
W. J. HAYES &
6 PER CENT
LOS ANGELES
Exchange,
Exchange.
\
Bought
BONDS
4 TO
New York Stock
St. Louis Stock
ST. LOUIS.
CALIFORNIA MUNICIPAL,
SCHOOL AND CORPORATION
NE L'
LOUIS, mo.
DEALERS IN
cos anijel.es, cal.
TO
Street,
'
CLEVELAND.
WM. R. STAATS
ST. LOUIS
-
Government Bonds and
LOS ANGELES.
Correspond with
-
307 Nor 111 4 th
MUNICIPAL and CORPORATION
MINNEAPOLIS,
Municipal, School District and
-
G. H.WALKER & CO.
MINNEAPOLIS, MINN.
BONDS
GEO.
SECURITIES A SPECIALTY
COAST
Sts., Chicago.
MINNEAPOLIS.
MORRIS BROTHERS
PACIFIC
PAPER,
COMMERCIAL
S. W. Cor. Monroe & La Salle
STOCKS
PORTLAND
PRIVATE WIRES TO
(INCORPORATED.)
Ranker & Broker,
municipal
Co.,
Special Attention to St. Louis Securities
CLEVELAND, OHIO.
__
.
Members
(New York Stock Exchange.
£t< l0iU8 Stock Exchange.
^
KANSAS CITY. MO.
SONS,
BOSTON, MASS.
•XnjxiVTj~uxr\jx^-LXixrL-u‘».rtrMvvu><vu,>AJX/v,u>.>j,xru-uxru~fci'v^/vvxivu‘>.~i-rL-i-ri-ririri-*>rr*-'* -
Thornton, McCrum & Co,
Kansas
Emery, Anderson & Co.,
INVESTMENT BONDS.
Garfield Building
CLEVELAND, O,
f K.C.
dealers
^
J
City. mo.
Ry. & Light
Securities
Local Bank Stocks
l^Kans.# Mo, Municipal Bonds
Jan. 26
xx
THE CHRONICLE
1907.J
Hew ^EJorh jgtock gxchatige gmtses
T. A.
McIntyre & Co.,
CO.,
Nos. 34-36 WALL ST., NEW YOBK.
BROADWAY
71
C. I. HUDSON A
New York Stock Exchange.
New York Cotton Exchange
New Orleans Cotton Exchange
Telephone 3070 John.
Orleans.
-
Miscellaneous Securities
in all Markets.
PRIVATE WIRES TO PRINCIPAL CITIE8
CORRESPONDENCE SOLICITED
EKrancti Offices, 516 Fifth Avenue
Delmonico’s and 305 Broadway
of
the
Exchanges,
New
Stock
York
Board
Chicago
Cleveland
and
Cotton
Trade, and
of
Exchange.
Stock
DEAL IN
STOCKS, BONDS AND
MISCELLANEOUS SECURITIES
Direct wire connection Boston,
New
Members
IN ALL MARKETS
Liverpool Cotton Association.
New York Coffee Exchange,
New York Produce Exchange
Chicago Board of Trade
Chicago, and
BROAD STREET
30
Hxehanges
Members of New York and Chicago Stook
MEMBERS:
BROWN & CO.,
A. O.
Chas. Fairchild & Co.,
.
.
Schenectady, N.\Y.
Troy, N. Y.
Utica, N. Y.
Cincinnati, O.
Cleveland, O.
Dayton, O.
Erie, Pa.
Montreal, Can.
HARRIMAN&
Members N. Y. Stock Exchange
29 WALL STREET AND 3 BROAD
Tel 5555 Broad.
Private wires to principal cities.
BRANCH OFFICES
Waldorf-Astoria, N. Y. C
Williamsport,* Pa.
Wilkesbarre, Pa.jj
Flatiron Building, N.Y.C
Scranton. Pa.
2 East 44th St., N. Y. C.
St. Louis, Mo.
• 7[
Buffalo. N. Y.
STREET
CO.,
BUILDING, NEW YORK
TRINITY
BANKERS AND BROKERS,
BRANCH OFFICE
Hotel
LINCOLN
CO.,
&
Empire, 63d Street and Broadway
Stanley D. MoGraw
Robert H. Allen.
William M. Vanoe,
ALLEN, McGRAW & CO.,
24 Broad Street. New York.
NEW YORK
N. Y. Stock
Robert H. Simpson
EFFINGHAM LAWRENCE & CO.
Exchange.
Members New York Stock
1 NASSAU STREET
CORNER WALL.
Telephones 4255-4266-4257 Rector.
PRIVATE WIRES TO PRINCIPAL
We Make
a
CITIE8.
J. Goodhart & Co.,
Members New York Stock Exchange,
57 BROADWAY,
-
Exchange.
JOHN H. DAVIS & CO.,
BANKERS AND BROKERS
NO. 10 WALL STREET,
Members N. Y. and Phlln. Stock Exchanges
Orders for Stocks and Bonds promptly executed
upon all Exchanues In this country and Europe.
Especial attention given te investments for Trust
Funds, Estates, etc.
Interest Allowed.
Deposit Acoounts Received.
R. J. JACOBS &
Specialty of
NEW YORK
A. M. KIDDER & CO.,
18 WALL. STREET, NEW YORK.
Establlahed 1865.
MEMBERS OF NEW YORK STOCK EXCHANGE,
Allow interest on
CO.,
Y.
N.
Members
Stock Exchange.
Orders Executed for Cash
or on
RAILROAD BONDS
GUARANTEED STOCKS.
CHARLES FEARON &
.
Orders Executed on All Leading
Stook Exchanges.
Members New York Stock
Exchange,
INVESTMENT SECURITIES.
7 WALL
STREET.
BROKERS,
NEW YORK.
BROADWAY,
74
R. T. Wilson &
33 Wall Street New
•J. Gr.
Co.,
BON OH
LOANS
HANK AND TRUST
COMPANY
STOCKS
Zacliry & Co.
BANKERS. 46 Wall St., New
Howard
Bldg.,
York
STANDARD AUDIT CO.
Transact
a
43-49 Exchange PI.
NEW YORK
41-43 Wall St.
NEW YORK.
Lapsley & Co.,
15 BROAD STREET,
perley morse
President
N. Y.
General Banking and
> Certified Public
)
Accountant
’Phone 2269 Broad
Stock
Exchange Business.
ACCOUNTS OF BANKS <fc BANKERS
GRAHAM. TAYLOR & CO.
Successor* to
Wm. Fahnestock,
Memb. N.Y. Stook Ex.
R. B. Dodson.
T. J. Mum ford,
Fahnestock &
Co.,
BROKERS AND DEALERS
INVESTMENT
2 WALL
IN
SECURITIES.
STREET-
J. G. WHITE & CO.,
Engineers, Contractors,
43-49
INVESTMENTS,
ORDERS EXECUTED
For Investment or on Margin
Exchange Place.
-
NEW YORK
Investigations and Reports on Electrlo
Railway, Gas, Electric Light, and
Power Transmission Properties
for Financial Instltntlooo
NEW YORK
Troy N. Y.
MEMBERS NEW YORK STOOK
EXCHANGE
Edwin P. Campbell,
Campbell,
H. G.
Campbell & Co.,
11 Wall Street, New York.
MEMBERS NEW YORK STOCK EXCHANGE.
Securities
Bought and Sold on Com*
Parkinson & Burr,
8TOCK
BROKERS,
7 WALL STREET,
53 STATE STREET.
NEW YORK.
BOSTON.
Members of New York and Boston Stook Exchanges
Private wire between the two offices.
Information given in regard to all Boston Securities
and quotations furnished.
20 Broad Street,
.
.
New York.
TKLXPHOITX NO.886 RECTOR
JAS. H. OLIPIIANT
FLOYD W. MUNDY
ALFRED L. NORRIS
J. NORRIS OL1PI3ANT
Members New York Stook Exchange.
W. R. THURSTON.
O, J. BRAND,
O. J. BRAND &, CO.
Members New Ysrk Stook Exchange.
and Investors.
Electric Railways, Electric Light and Electric
Power Plants Financed, Designed and Built,
London
BANKERS,
STOCKS, BONDS and
18 WALL STREET,
Branch Office,
BANKERS AND BROKERS,
BOODY, McLBLL AN & 00.,
No. 57 Broadway, New York City
Members New York Stock Exchange
8. F. JOHNSON Sc UO.,
[as. H. Olipbant & Co.,
SOLICITED.
INTEREST ALLOWED ON DEPOSITS.
Private Wires to Cincinnati and Chicago.
Branch Office. 500 Fifth Ave.
Hxnry f. Tatlok
mission.
INTEREST ON BALANCES.
Hanover Bank
PHILADELPHIA
Wm. Sharp LKaasrr
Henry G.
York.
Members N. Y. Stook Exchange,
Margin.
-
COMMISSION MERCHANTS
BAHKEBS &
SECURITIES
Orders Executed for Cash or on
^ Philadelphia Stook Exchange
833 Chestnut St.,
Goadby & Co.,
INVESTMENT
Wilson, Watson & Herbert,
New York Stock Exchange
:
Margin
!
NO.
C0.f
BANKERS,
Jab. Lorimeh Graham
W. H.
check.
stacks and bonds, and
deal in
Members
41 NEW STREET.
BANKERS AND
LADD & WOOD,
deposits subject to sight
Buy and sell on commission
BANK AND TRUST CO.
STOCKS.
P.
Investment Securities.
BRANCH OPFICE, NIGHT Sc DAY BANK.,
327 FIFTH AVENUE.
BANKERS,
Members
Effingham Lawrence
Exoban#*
of
Newport Office: Audrain Building.
BONDS
18 Wall Street,
Transact a General Banking and Stook
Business. We make a specialty
Correspondent:
J. G. WHITE Sc CO., Limited,
9 Cloak Lane, Cannon St., K. C.
J. S. & R. D. FARLEE,
Canadian Correspondents:
BROKERS AND DEALERS IN
CANADIAN WHITB CO., Limited.
f
74 BROADWAY.
INVESTMENT SECURITIES.
Montreal.
Principal Philippine Office,
Manila, P. I.
MEMBER8 NEW YORK 8TOCK EXCHANGE.
INVESTMENT
SECURITIES.
11 WALL STREET, NEW YORK
THE CHRONICLE.
(Current JSmtl
VOL. LXX'CIV.
Inquiries
Central Branch 4s of 1919 & 1948
Terminal RR. Asso. of St. Louis 4s
HOUSTON & TEXAS CENTRAL
(Southern Pacific System)
,
Leroy & Caney Valley Air Line 5s
New York & Jersey (Tunnel) 5s
Lexington & Eastern 1st & Gen. 5s
,
General
Mortgage 4% Gold Bonds
DUE APRIL
1, 1921
Chic & Western Indiana 4s
Ogdensb. & Lake Champlain 4s
G. W. Walker & Co.
Missouri Kan. & Eastern 5s
/
Millen &
Washington Central
*
f
AND
F.
ALL STEAM
BANKERS
Southwestern 5s
‘23 It road Bt.«
Now York
HroflH
Interest Allowed
j
SPECIALISTS IN STEAM RAILROAD SECURITIES
Member. N. Y. Stoek Exchange
BROAD
3945
RAILROAD BONDS DEALT IN BY
J. LISMAN & COMPANY,
30
Trlflpnone
4s
on
-
Deposits
newborg & co.,
44 <fc 40 BROADWAY, N. Y,
43 NEW STREET.
STREET, NEW YORK.
Members New York Stock exchange.
Land Title $c Trust Co.
Building, PHILADELPHIA
Boulevard, CHICAGO
Mutual Building, HARTFORD
169 East Jackson
404 Connecticut
Montliern
Railway 5% Note*, 1910
rel. A Tel.5% Note*, 1910
Chicago A: Went lad. S%Notei, 1910
American
Allis-Chaluiera .»■,
Ry. 5% Notes5% Notes
West. Ind. 5% Notes
Alton. 5% Notes
•50 Broad Street
Amer. Tel. & Tel.
Chic. &
Chic. &
A. LISMAN &
•
.
Central RR. of New
PROCTER
&
Jersey 5s
Ext. & Imp. G§
Central Pacific 34s
CO.,
7
Mobile &
Birmingham 4s
'
Santa Ee Prescott & Phoenix 5s
Gulf & Ship Island 1st 5s
Specialist in Uncnrrent Issues.
Tel. 5950-1-2 Broad.
Deal in Bonds, Stocks and Investment
Securities and transact an arbitrage
business with the principal European
stock markets.
New York
Norfolk & West.
A
25 Broad St.
Mutual Fuel Gas
BORDEN
r
ggjlg j
Telephones < *288 > Broad.
WANTED:
Short-Time Canadian Provincial
Bonds
5s, 1947
Hartahorae, Bogert&Battelle,
JANUARY INVESTMENTS
Write or call for list
of 64 issues yielding
from 4% to 7%
Manila Electric RR. <fc Lt. Co. 5s
Wheeling & L. E. Wheeling Div. 5s
Chic. & West. Ind. Notes 5%, 1910
AmericanTele.& Tele. Notes 5%, 1910
Chic. & Alton Notes 5%, 1912
Notes 5%, 1910
Penna. Co. Notes
OFFER
Lawrence Barnum &
BECKER & STERLING,
List
NOTES
WITH
COMPARATIVE
&
Company,
7 Wall St., Corner New
St.f
NEW YORK.
Matui’ing Bonds
Telephea© 1133 ttect©r.
TABLES
1907—1913
3E. Send for Book No. 1-C and
Special Circular No. 12, of
Long and Short Investments
LINCOLN 8o COMPANY
Tel. 085-986-987 Rector.
CafcU Add. ** Becks ter,”
18 Wall St., New York
c
EOEYOW.
OF
Pin© Street, New Y«rk.
Virginia Midland 5s
•
NEW YORK.
Investors
COMPANY,
South Carolina & Georgia 5s
Missouri Kansas & Oklahoma 5s
St. Louis & San Francisco Gen. 5s
United N. J. Railroad <fc Canal 4s
Chicago & Western Indiana
Southern Railway
American Teleph. & Telegraph
Rhoades
T©t. <pnn.’.2.:i.».a John
‘
Co.,
4J/£%, 1910
BONDS
31
Montreal, Canada.
17 aa4 30 PhM
PHILADELPHIA.
Elgin Joliet A: East. 5s, 1941
New York Lack. & West. 4s, 1923
&
169 St. James Street,
BANKERS.
New York New Hav.& Hart. 4s, 1955
COFFIN
York Stock Exchatre.
25 Broad Steet,
H jw York.
Telephone No. 5480-1-9 Broad
Chesapeake & Ohio Term. 6s
WB ARE PREPARED TO BUY OR SELL:
M
Commercial Cable Bonds
Member-* New
Helena Lt. & Ry. os
Portsmouth St. RR. & Lt. Co, 5s
Norfolk & Western Gen’l. 6s
Detroit <fc Toledo Shore Line 4s
Cable Addrees:
NBWR08HL’
(4380 )
.
Georgia Pacific Gs
Equitable Building, New York.
Southern Ry.
1936
LIB BEY & STRUTHERS
Southern
HUDSON COMPANIES PREF.
SOUTHERN RY. NOTES
NEW YORK CITY STOCK
Investment Bankers
18 WALL STREET
Wadsworth &
Wright,
Members New York Stock Exchange
BAKER, AYLINC
&
COMPANY
Investment Bonds
I and
Title
Build up
PHILADELPHIA
50
Congreis Street
BOJbTOA
2 Wall Street.
Japanese Govt. 2d 4^s, 1925
York Haven, Pa., W. & P. 1st 5s, 1951
Danville Urb. & Champ. 1st 5s, 1923
Detroit Tol. & Ironton 5% Notes, 190S
Fonda Johnstown & Glow 4 Yia, 1952
M.
DESCRIPTIVE CIRCULARS SENT ON APPLICATION
NEW YORK.
WOLFF,
Cable Add. "MOWOLF" 27 William St., N
Phones: 6557-6538-5559 Broad
Y
XI
THE CHRONICLE
Jan. 20 1907.
inquiries.
(Cxttvcut Bond
5692018—Cheonmsta.pke
SCRANTON
Mortgage 4s due Jan., 1919
Northeastern
Correspondents: Edward B. Smith & Co
Members N. Y.and Phlla. Stock Exchanges
Bankers & Brokers
104 SOUTH CALVERT ST.,
BA LTinORK, mi.
Members of Baltimore Stock Exchange.
Austin, Texas, 4s & 5s
Marion (O) Water Co. Bonds &
Hudson River Electric Co. 5s
From time to time we make studies of railroad
and Industrial properties for the benefit of our
clients.
We will upon application send our circulars on
the following properties.
Stocks
& CO.,
Specialists in Inactive Bondi,
ttoston.
Mortgage 5% Bonds.
4.S5%
carefully
consorvative
TO
NET
Colo. 4s
American Writing Paper 5s & Stocks
Lewist. Bruns. & Bath St.Ry.5s
Sk.
CO.,
&
MASON
BIB-TUN. MAS*.
to
investment
554%.
New York
Street,
GRADE
Public Service
Corporation Bonds and Stocks
Exclusively."
Tel. 3785-3783 Rector
30 New St.. N.Y.
Milwaukee Electric Ry. & Lt. 5s, 1926
,
City
Milwaukee Lt. Ht & Traction 5s, 1929
Minn. Lyndale & Mlnnet. First Cons.
Kansas City (Mo.) Gas 5s, 1922
5s. 1919
BONDS.
Maryland Delaware & Virginia 1st 5s
C. L. PARMELEE
N
Y.
E. Tworger
PHILBRICK & HALL
BANKERS & BROKERS
Stock Exchange
23 Bioad Si.. N. Y.
TBinon B7 ion.
S. C.
FIRST MORTGAGE 8% RAILROAD. 8AB
AND WATER- BONDS. AT PRICES W9
NET 3k TO 6M%.
14* eye AppltmUm.
WANTED:
Richmond Pass. & Pow.Co. 5s or ctfs.
&
DENNING
MAGOFFIN,
49 WALL ST., NEW YO'IK.
HENNING & CO.,
Louisville.
MEMBERS NSW YORK
BOND HOUSE OF
H. P-
STOCK EXCHANGE
New Orleans Ry. & Light Securities
Springfield Ry. & Light Securities
International Traction of Buffalo and
Lighting Co.
Taylor & Company,
348 Fenrth Artist,
Ws
PITT4BURQH
Will Buy
Philadelphia Company Of Pittsburg
UNDERLYING SECURITIES;
Securities
Connecticut Railway &
W. A.
WILLIAMSON,
Telephoned 50J hn
&JCO.,
20 Broad St.
Members New York
THE BOURSE.
PHILADELPHIA.
BROADWAY
NEW YORE.
Consolidated Gas of New Jersey 5a
Wilkesb. & Haz.RR.Co. Bonds & Stk
E. I. Dupont de Nemours Powder Co.
Preferred & Com. Stocks.
Harrisburg (Pa.) Gas Co. 1st 5s.
West Va. Central & Pittsburgh 6s
J.Willet Hall
NEW YORK..
Securities
Second Avenue Cons. 5s
Port Huron Division 1st 5s
Richmond & Danville 6s
A, E. Philbrick
FINE STREET,
other Traction
First 4s. 1927
Milwaukee Elect. Ry. & Lt. Pfd. Stock
St. Paul City Cable First Cons. 5s, 1937
Milwaukee Gas Lt.
Tel. 910-1 Rector
4k CO.
Jester & Co.,
27
New York.
LEONARD F. HEPBURN, Broker
**
Securities
and Bonds
Dealers in Unlisted Inactive Stocks
.
Specialists In
Jersey City 6s, April, 1916
Gunnison County
53 8tnt*> Ht
| 3231 Reotor
Northeastern Pennsylvania
Ill
selected
OO.,
Y. HIGH
YORK.
BANKERS.
for
Austin, Texas, 4s & 5s
W.
Telephones
BON08 of Public Service Cor¬
Swift & Co. 5s
F.
ST., NEW
NASSAU
A. N. CHANDLER
BANKERS
88 Pine
30 Broad St. N
Tel. 1985-6 Rector.
5
Bickmore & Co.,
porations
WESTCHESTER LIGHTING CO.
PATERSON &
& Ohio
B. & O., C. & O. and N. & W
C. & O. and N. & W.
& Ohio Dividend
A. H.
97 State street
To Yield
BANKERS
of Ga. Income Bonds.
Metropolitan Water Co. 4s
Brainerd (Minn.) Water Co. Bonds.
St. Louis & No.Arkansas RR. Sec.
H. C. SPILLER
MEGARCEL & CO.
RICHMOND, VA.
Sutton, Strother & Co.,
First
PHILADELPHIA
NEW YORK
Our 1900 Manual of Northeastern Pennsylvania
Securities, Now Out. Mailed fires on Request
SCOTT & STR1NGFELL0W
1920
Poughk. Lt., Ht. & P. Co. 1st 5s, 1921
St. Joseph Ry. Lt., Ht.& P. 1st 5s,’37
Bay City Gas 5s due
Pennsylvania Investment
Securities
BANKERS
WE OFFER:
»
Tel. 4301-9 Broad
55 William Street
Richmond Passenger & Power 5s, 1925
Pittsburgh Shawmut & North.4s, 1952
Hudson River Water Power 5s, 1914-19
International Silver Dbt. 6s, 1933
FREDERIC H. HATCH,
Securities of Railroads and other
Corporations in the United States and elsewhere
TeL 1116 Breed.
30 Broad 8t. New York
Dealer In Unlisted
GEO. P. BtSSELL,
Philadelphia, Pm.
118 South Feurth Ht.
Portsmouth (O.) St. RR. &
Inactive
Securities
Baltimore & Ohio Prior Lien
Ches. & Ohio Gen’l 414s
London Underground Notes
Penna. Co. 4^s, 1921
Kansas City So. Notes
St. Louis & San. Fr. 4^s, 1908
LEONARD SNIDER,
Tel. 1090 Rector.
60 BROADWAT
BANKER8.
Rosen, Stillman & Co.,
Members N. Y. Stock
Pine Street,
New York City
INVESTMENT SECURITIES
E. C. Stanwood & Co.
& 1912
Exchange.
Tel. 4540 John
Lt. 5s
Utah Light & Powrer 4^s
Ft. Smith Light & Traction 5s
HIGH-GRADE BONDS,
Stocks and
PA.
-
HIGH GRADE BONDS
Pfaelzer & Co.
25 BROAD STREET,
-
-
DEALERS IN
DEALT IN Bf
BOSTON
CO.,
BANKERS,
American Thread Co.
First
&
BROOKS
96 MILK STREET
BOSTON
XII
THE CHRONICLE.
[YOL.
ffitrattciaL
<£asua% (£owpativ of^fowrica
ffitrauciaL
THE INTERNATIONAL BANK,
60
Policyholders
Deposits,
ASbETb
lection
597.8U.00
.
398,417,09
382,626.91
10,719.97
Interest Accrued
Reinsurance Reserve, as re¬
quired by New York Insur¬
ance Department
$649,166.38
Loss Reserve as required by
New York State Law
278,663.30
Reserve for Taxes, Com- "
missions
and
all
other
Charges
Capital and Surplus
$1 879,874.97
New York,
141,408.35
1,750,000
$1,879,874.97
JOHN
HUBBARD, Vice-President.
JAMES H. ROGERS, Cashier.
CHAS. S. LIPPINCOTT. Asst Cashier.
New Orleans
Real
Estate, Mortgage &
Securities
213 CAMP ST.,
Increase in Gross Assets
Increase in Net Premiums
Increase in Reserves
Increase in NET SURPLUS
CAPITAL PAID
-
-
-
-
-
Manager.
The South
municipal
Securities
to-itay presents the promise of
the greatest industrial advancement
$233,676,04
194,696,31
132,966,95
100,709.09
-
Thomas L. Manson &
Members ef N.Y. and Boston Stock Exchange
Broadway,
NEW YOBS
-
Tel. 35*0 Rector
Private Wires to Boston, Hartford, New Haven aad
Philadelphia
ROBERT B. ARMSTRONG, President.
Kuhn-Loeb Building
52-54 WILLIAM ST.
Oo;,
STOCK BROKERS
(Sasuaffv Company of^lmmcct
Office,
IN, 1600,000
and Real Estate loans
71
Home
ORLEANS, LA.
Dealers In
Southern
1906
-
Company
NEW
yours,
RECORD FOR
.
THOS. H. HUBBARD, President.
J. S. FEARON, Vice-President.
810,636.94
The Audit Company of New York.
(Signed)
E. T. PERINE, General
January 15, 1907.
$600,000
.
.
We have audited the books and accounts of the CASUALTY COMPANY OF
AMERICA,
and certify that the above statement is correct.
Very truly
.
.....
INTEREST PAID ON TERM DEPOSITS
MARKET VALUE.
$52,000.00
438,300.00
N. Y.
Facilities Afforded for Transacting
Foreign and Domestic Business
LIABILITIES
U. S. Bonds
State and City Bonds
Railroad and other Bonds and
Stocks
Cash in Office, Bank and
Trust Companies
Premiums in Course of Col¬
STREET,
Individual and Commercial Accounts Invited
$1,738,466.62
-
WALL
Capital and Surplus,
FINANCIAL STATEMENT DECEMBER 31, 1906
Reserves and Surplus to
LXXXiV.
New York
BAKER &
VAUGHAN,
BANKERS AND BROKERS
FIRST MORTGAGE GOLD
Gas Bonds
Lincoln Trust Company
20 BROAD
STREET,
NEW YORK
MADISON SQUARE, NEW YORK
BROADWAY & LISPENARD ST.
SAUNDERS & JONES
BROADWAY & 72d ST.
Connecticut Traction Bonds
CAPITAL AND SURPLUS, $2,000,000
86 WALL
Offers
ST.,
-
corporations and individuals
facility of a modern and wellequipped Banking and Fiduciary Institution.
THE
Business
OFFICERS
SOUTH.
Opportunities, Investment
Securities, Real Estate, Timber Mines,
Industrial Properties, Farm or Town
Mortages In all parts of the South.
HENRY R. WILSON, President
FRANK TILFORD, Vice-President
FREDERICK PHILLIPS, Secy.
OWEN WARD, 2d Vice-President
CHARLES B. COLLINS, Cashier
WILLIAM HARROW Jr., 3d V-Pres.
ED WARD C. WILSON, Asst. Treas.
IRVING C. GAYLORD. 4th V-Pres.
JOSEPH Z. BRAY, Asst. Sec*.
ROBERT C. LEWIS, Treasurer
G. J. BAYLES, Trust Officer
METROPOLITAN INVESTMENT 00.,
(HO. B.
EDWARDS, PfKm». (iMrtHm 8. 0„
i am3 FTneneMl
et the wmM.
C. B. VAN
NOW
BONDS
ALL
UNLISTED
MARKETABLE
SECURITIES.
20 Broad Street
CO.,
York
City
Bank, Trust
Fire Insurance Stocks
-
NEW
YORK
Aft. Bust
BaUstaetory
NOSTRAND,
36 WALL STREET,
Investment Securities
HAND-BOOK
OF
OTTO JULIUS MERKEL
(Issued Semi-Annually by the Publishers of the
Commercial & Financial Chbonicle.)
New York.
BROKER
44
AND
46
SI OO
73
Commercial & Financial Chronicle,
Street,
cor.
ST.,
NEW
YORK*
Correspondents Invited
ana
Pine
WALL
INVESTMENT SECURITIES.
JANUARY EDITION.
TERMS
Price of Single Copies,
To Subscribers of the Chronicle,
PRIMROSE & BRAUN,
5S New Street
READY.
Railroad Securities
W.E.R. SMITH &
New
NEW YOBK
firms,
every
AND
-
Pearl St^et, New York
EUROPE IN AUTOMOBILE
A Tour for Business Men's Families
Few vacancies for desirable people to small
private party.
Apply for particulars to
CAMILLE THURWANGER, N. E. Conservatory
BOSTON. MASS.
•
Jan. 26
1907.]
fgljejcliatts.
ffitnrocfctl
HANOVER NATIONAL BANK
of the City of New York.
New York, January 22, 1907.
THE
XIII
THE CHRONICLE
regular meeting of the Board of Directors,
held this day, Mr. E. Hayward Ferry was unani¬
mously elected a Director and Vice-President
of this bank.
JAMES T. WOODWARD, President.
At a
The Union Discount Co. of London, L’t’d ■»
39 CORNHILL, LONDON. E. C.
Cable address. "UD18CO. LONDON.”
Capital Subscribed, $7,500,000.
fpTeetiugs.
Paid up, .
Reserve Fund,
UNITED STATES LEATHER COMPANY,
purposes of the AnnualIMeetlng of
Stockholders, the Preferred and Common transfer
books of this Company will be closed February
6th, 1907, at 3 o'clock P. M., and re-opened
February 28th, 1907.
New York, Jan. 22nd, 1907.
FRED E. KNAPP, Secretary.
THE
.
.
.
2,250,005“*“ ‘'
L
DIRECTORS.
Robert Balfour, M. P.
William Thomas Brand.
Sir William Dunn, Bart.
Arthur John Fraser.
Sir Thomas
Jackson, Bart.
Henry Oppenheim.
Manager.
CHRISTOPHER R. NUGENT.
ffitiattctal.
Assistant
Sub-Manager.
f
B. O. STEVENSON.
Partners
Secretary.
Sub-Manager.
F. NEVILL JACKSON.
W. B. HOBBS.
BALANCE SHEET, 31ST DEO., 1906.
Dr
$5=£l.
Special Partner
Harris,Winthrop& Co
To Capital Account,
150,000 Shares
Of $50
$7,500,000 00
By Cash at Bankers.
Consols,
Exchequer
“
paid,
$25 per Share_
$3,750,000 00
2,200,000 00
Reserve Fund
Provident Re¬
serve Fund.
Loans and De-
MEMBERS
New York Stook
Exchange
Chicago Board of Trade
Chicago Stock Exchange
$3,030,431 73
"
Amount
Stocks, Bonds and Grain
25 Pine Street
NEW YORK
$3,750,000
.
.....
Number of Shareholders 2,732
For the
JOHN P. HARRIS.
)
h. R. winthrop,
> General
T. B. CUNNINGHAM)
j. a. riplkf,
n 1
In 150,000 Shares of $50 each, on which $25 have been paid.
“
“
215,889 12
"
Bonds.
Indian
Government
and
other Securities
Loans on Securities at call and
short dates, and other Ac¬
counts
11,836,918 79
14,089,974 12
86,621,222 18
8,239 23
Bills Discounted, dec
Sundry Debit Balances
Freehold and Leasehold Prem¬
ises, Fittings and Furniture
fxoslts,
lncludng
provision
335,086 81
for contingen¬
cies
78,207.549 75
Bills Re-disc’t’d 30,566,989 37
108,774,539 12
—
240 La Salle Street
CHICAGO
Rebate on Bills
Discounted
Balance atCredit
of Profit and
Loss for Ap¬
-
PRIVATE WIRES
_
propriation
1,181,444 62
A. B. Leach & Co.,
Expenses,
Including Salaries,
St., CHIOAOO
"
Rent and Taxes,
Directors’ Fees .and
all other charges..
Rebate of Interest
on Bills discounted
not due,
carried
forward
to
New
Account
Reserve Fund
$50,00b 00
Dividend for the halfyear at the rate of
11 per cent per an¬
”
St., BOSTON
“
”
431 Oheitnnt St.,
PHILADBLFmi
free
num,
of
$89,289 73
30th June, 1906
$260,030 35
Gross Profits for the half-year,
after making provision for bad
and doubtful debts.
1,010,704 00
654,229 58
In¬
come Tax..
206,250 00
Balance carried for¬
ward to next Ac¬
count
270,965 04
“
We offer any part:
$1,270,734 35
527,215 04
$250,000
COFFIN
int.; to net 6.10%
&
W.
B.
SCHMIDT & GALLATIN
Members N. Y. Stock Exchange
Tel. No. 3890 Rector
WEBB
INVESTMENT
74
111 BROADWAY
&
CO.,
SECURITIES.
BROADWAY, NEW YORK
Our pamphlet No. 55 on
"SHORT-TERM INVESTMENTS”
Company discounts approved Bank and Mercantile Acceptances, receives
as
to the relative
And,
as
Investment
stock
yielding
first-class
railroad
4.56%, which we believe
In value In a few years.
a
will
double
if
you
manual telephone exchange in this
age
of auto¬
popularity of the trolley car and the horse car.
results.
Our Automatic system
Aberdeen. 8. D.
Akron, Ohio.
Albuquerque. N. M.
Allentown, Px.
Auburn. Maine.
Auburn, N. Y.
Battle Oreek. Midi.
Bellingham, Waah.
Berlin. Germany.
HERBERT R. KNOX & COMPANY
recommending for
a Horse-Car Line
wanted to make money out of the business
for the securities—the same comparison may be applied with the sam
Champaign, Ill.
Chicago, IU.
Olay ton. Mo.
are
Money on Deposit
matics, if you want to make money out of the telephone business?
The automatic system of telephony bears the same relation to the manual
system that the electric car does to the horse car. It is the apotheosis of tele¬
phone development, as the electric car is of transportation development.
The automatic telephone system produces the best service more economcially
than indifferent service can be produced with manual equipment.
There is no more question as to the relative popularity of the automatio and
manual telephone service where the two kinds are in competition than there ia
Buxton. Iowa.
Cadillae, Mich.
We
J Directors.
You Wouldn’t Start
in this age of electric cars?
Not
of transportation.
Then why should you start a
sent free on request.
Members N. Y. Stock Exchange
30 Broad 8t.
NEW YORK
1
LONDON, E. C.. 7th January, 1907.
John.
BOUGHT AND SOLD
$270,95 046
and grants Loans on approved Negotiable Securities at rates which can be ascertained on applies*
tlon at the Office, and effects Purchases and Sales of Government Stocks, Shares and other Securi¬
ties on the usual terms.
34 PINE STREET.
Chicago & North Western Rights
brought down
R. BALFOUR,
ARTHUR J. FRASER,
HOBBS,
Secretary.
The
COMPANY,
Tel. 6100-1-J-3-I-5
Balance
$1,270,734 35
SOUTHERN RAILWAY (NEW)
NOTES, JAN. 1910.
At 97 and
cr.
By Balance brought forward from
To Current
149 Broadway, NSW TORE
28 State
Profit and Lo*b Account for the Six Months ending 31st Dec., 1906.
Dr.
$5=£I.
BANKERS,
140 Dearborn
$116,121,872 86
$116,121,872 86
has been adopted In the following cities:
Columbus. Ga.
Dayton. Ohio.
El Paso, Texas.
Fall River. Maas.
Ferguson. Mo.
Grand Rapids. Mieh
Hastings, Neb.
Havana. Cuba.
Hasleton, Pa.
Hopkinsville. Ky.
Jonesboro, Ark.
Lake Benton, Minn.
Lewiston, Me.
Lincoln, Neb.
Los
Cleburne, Texas
Columbus. Ohio
Angeles, Cal.
Manchester, Iowa.
I
Marlanao, Cuba.
Marlon. Ind.
Medford. Wls.
Mtamlsburg. Ohio.
Mount Olive, IU.
New Bedford, Maas.
Oakland. Cal.
Ocean Park. Cal.
Pentwater. Mich.
Portland. Me.
Portland. Ore.
Prinoeton N J.
Richmond Ind.
Riverside. Cal.
San Diego, Oa
San Francisco, Cal.
Santa Monica. Cal.
Sioux City, Iowa.
South Bend. Ind.
Spokane. Wash.
Springfield, Mo.
St. Mary's Ohio.
Tacoma, Wash.
Toronto Junotion,
Traverse City. Mich
Urbana. IU.
Van Wert, Ohio.
Walla Walla, Wu
Watch H1U, R. I.
Wausau. Wls.
Westerly. R. I.
Wilmington. DeL
Woodstock. N.B.,
AUTOMATIC ELECTRIC CO.,
Van Buren and
Morgan Streets
CHICAGO, U.8.A.
jYol.
THE CHRONICLE
XIV
Bivi&tn&s.
gituractal.
National Discount
35 CORNHILL,
SUBSCRIBED
Paid-up Capital,
Fund,
Reserve
In
.
Company, Limited,
ERIE
NATDIS,
LONDON.
CAPITAL, $21,166,625
.
.
.
.
.
,
$4,233,325
2,000,000
.
.
169,333 shares of $125 each, of which $25 has been paid up.
Number of proprietors, 3,307.
DIRECTORS.
the Board of Directors, held
declared out of the surplus net
earnings of the Company up to December 31st.
1906, a dividend of TWO PER CENT upon the
First Preferred Capital Stock of the Company,
payable February 28th, 1907. to stockholders of
record at the closing of the transfer books on
January 31st, 1907.
For the purpose of such dividend the transfer
books of the First Preferred capital stock will be
closed at 3 p. m. on the 31st day of January 1907,
and will be reopened at 10 a. m. on the 1st day
of March, 1907.
.
For the payment of the second installment of
TWO PER CENT on the Second Preferred capital
stock declared August 1, 1906, payable April
9th, 1907, to stockholders of record at the closing
of the transfer books on March 12th, 1907, the
stock transfer books of the Second Preferred
Edmund Theodore Doxat, Chairman.
W. Murray Guthrie, Deputy Chairman.
Frederick Leverton Harris,
Sigismund Ferdinand Mendl,
John Francis Ogilvy,
Charles David Seligman.
Lawrence Edlmann
Chalmers,
Friedrich C. K. Fleischmann,
Frederick William Green,
,
capital stock will be closed at 3 p. m. on the 12th
day of March 1907, and will be reopened on the
10th day of April, 1907.
ERIE
PHILIP HAROLD
WADE.
Coupons
.
BANK
OF LONDON
THE UNION
$5—.£!
“
”
Capital
paid-up. viz.:
$25 per share
Reserve Fund
.
“
”
Deposits and
.
-
.
-
.
.
$4,233,325
2,000,000
Sundry
..
**
”
”
60,019,997
17,571,717
482,521
Balances.
Bills Re-discounted
Rebate
Amount at Credit of
Prolit and Loss Ac-
JEFFERSON
Sundry Balances..
’*
Freehold Premises
.
.
274,695
.
_
$5—£1 Sterling.
“
•'
preferred capital stock of the American Graphophone Company will be paid February 15. 1907,
Cr.
to
By Balance brought forward from 30th
June. 1906.
Gross Profits during
.
”
Remuneration,
Salaries,
Income tax. and all other
charges
Rebate of Interest on Bills
not due, carried to New
_
the half-year
.
$34,497
'
760,668
For other dividends se* page
Account
482,5 21
Six Months’ Dividend at the
of
rate
Ten per Cent per
annum .free of i ncomc Tax $211,666
Balance carried forward to
next account
53,618 265,284
TO
The
Company, except that it does not state theamount of Investments and Bills
Deposits.
GURNEY
FOWLER.
(Jakcson, Pixley, Browning. Husey &
Notices.
1
THE
i Auditors.
|
Co.ij
ATCHISON,
TOPEKA
&
SANTA
RAILWAY COMPANY.
Serial Debenture Bonds, Series E.
of Series E. The Atchison Topeka
Railway Company FOUR PER
CENT SERIAL DEBENTURE BONDS. Two
million live hundred thousand dollars ($2,500,'000). due February 1. 1907, will be paid on and
after February 1, 1907. upon presentation at
tlie office of the Company, No. 5 Nassau Street,
Now York City.
COUPON NO. 10 SHOUT.D BE
^Slanted.
SUCCESSORS TO
&
FINANCIAL.
W ANTED—To establish relations with Trust
Co. or Banking House dealingin Railway Securities
Have had twenty years’ experience in Railway
COMPANY
Traffic
and
Operating
as an Executive
References in New York and in my own
Construction.
Service.
| departments.
Officer.
i
BROKERS
BANKERS
Investment
Office.
Securities
STOCK
engaged
P. O. Box 958. N.
Y.
Advertiser, now in charge of statistics of Stock
Exchange house, desires position of Secretary
Assistant to corporate officer or other man of
College graduate, 31, thorough statist!*
j cian. familiar with current security values and
Stock Exchange methods; well acquainted with
corporation, organization and finance
High City
Address,
j References.
! R. S. W
care ,,Chronicle,” P. O. Box 958, N. Y.
j
MEMBERS
YORK
Now
section.
Extensive and intimate relations with
| managing officials.
Address V. 1*., Chronicle
j
;
NEW
DETACHED
AND SEPARATELY PRESENTED FOR PAY¬
MENT.
H. W. GARDINER, Assistant Treasurer.
New York, January 18. 1907.
LOUDERBACK
KING
FE
The principal
and Santa Fe
AND
C.
the
56 Wall Street
extending through to Pine Street, with vault and
basement on Pine Street, now occupied by the
London Assurance Corporation, who are soon to
remove to William Street, corner Malden Lane.
Apply to WM. O. PLATT. 56 Wall St.. R. 401.
BABCOCK, RUSHTON,
JOHN
LEASE
and commodious offices on
placed as security against
F.C.A.,
(Price, Waterhouse & Co.)
FRANCIS W. PIXLEY. F.C.A..
1907.
large
First Floor of
$815,165
In accordance with the provisions of the Companies Act, 1900, we certify that all our require'
meats as Auditors have been complied with.
We have examined the Securities representing Investments of the Company, those held against
Loans at call, short and tixed dates, and all bills discounted In hand.
We have also proved the Cash
Balances, and verified the Securities and Bills In the hands of Depositors.
The foregoing Accounts
agree with the Books, and we are of opinion that the Balance Sheet Is properly drawn up so as to
exhibit a true and correct view of the state of the Company’s attains as shown by the Books of the
J.
xvi.
To
$815,165
35 CORNHILL, 4th January,
stockholders of record February 1.
By order of the Directors.
EDWARD D. EASTON. President.
$67,360
..
.
“
AMERICAN GRAPHOPHONE COMPANY
Consecutive Quarterly Preferred Dividend No. 47.
The regular quarterly dividend (No. 47) of ONE
AND THREE QUARTERS PER CENT on the
$84,572,844
Profit and Loss Account for the Half-Year ending 31st Dec., 1906.
To Current expenses, Including
Directors’ and Auditors’
IRON
Rochester, January 18th; 1907.
553,000
.
$84,572,844
Dr.
&
A dividend
has
been declared on the preferred stock of this Com*
pany. payable February 15th next to stockholders
of record February 5tli 1907 at 3 p. m.
Dividend
checks will be mailed by the transfer agents of
the Company.
GEO. H. CLUNK,
Treasurer.
9,590,025
02,081.023
.
.
“
CLEARFIELD COAL
&
COMPANY.
of two and one-half per cent
Loans at call, short and
fixed dates.
Bills Discounted..
Interest due on Invest¬
ments and Loans, and
.
“
the
Coupon No. 5, due February 1 . 1907, upon the
FIVE PER CENT FIVE-YEAR NOTES of the
above Company will be paid on and after that
date at the office of Blair & Co.. 24 Broad St.,
New York.
R.O. BARN A RD .Treasurer.
Securities—British and
Indian Government,
and other Trustee Se¬
curities, includlngClty
of London Corpora¬
tion Bonds
$9,383,251
Other Securities, includ¬
ing short-dated Colo¬
1,749,121
nial Bonds..
11,132,372
”
from
GREAT WESTERN RAILWAY CO.
St. Paul. January 19, 1907.
CHICAGO
$941,729
By Cash at Bankers
of $125 each.
“
Cr.
Sterling.
Capital
$21,166,625
viz., 169,333 shares =—==•=
1907,
on and after that date upon presentation
Central Trust Company of New York. 54 Wall
Street. New York City.
THE COLORADO & SOUTHERN„RY. CO.,
JAS. STEUART MACK I FT, Secretary.
AND SMITHS BANK, LIMITED.
To Subscribed
1st.
to
BALANCE SHEET, 31ST DEC., 1906.
Dr.
February
paid
ENGLAND.
OF
due
First Mortgage Four Per Cent Gold Bonds of the
Colorado & Southern Railway Company will be
Bankers.
•a
COLORADO & SOUTHERN
RAILWAY SYSTEM.
THE
Secretary.
CHARLES WOOLLEY
Assistant Sub-Manager.
FRANCIS GOLDSCHMIDT.
COMPANY.
BOSMAN. Secretary.
RAILROAD
By DAVID
Manager.
Sub-Manager.
WATKIN VV. WILLIAMS.
OFFICES OF THE
RAILROAD COMPANY.
New York. January 23, 1907.
At a meeting of
this day, there was
LONDON, ENGLAND.
Cable Address:
lxxxiv
|
EXCHANGE
CHICAGO STOCK EXCHANGE
or
affairs.
1
CHICAGO BOARD OF TRADE
,
“The Rookery”
Chicago
18 Wall Street
New York
j
|
i
MAN EXPERIENCED In Bond and New
Stock Exchange business desires the
of a branch office or bond
department, preferably East. Address B. O.,
Chronicle Office, 513
Monadnoek Block,
York
management
Chicago.
Jan. 20
Jftmmctal
Siutdcnds.
Winslow,Lanier & Co., 59 Cedar St.
$250,000
CITY
NEW, YORK
DIVI¬
FOLLOWING COUPONS AND
THE
xv
THE CHRONICLE
1007J
DENDS ARE PAYABLE AT OUR BANKING
HOUSE ON AND AFTER
FEBRUARY
1ST.
SOUTHERN RAILWAY CO.
Three-Year 5% Debenture Motes
DUE FEB. 1. 1910
DATED FEB. 1, 1907
1907.
TO NET 6%
American Cotton Oil Co. Debenture 4)7s.
Bedford, Indiana, Funding Os..
Akron & Columbus Ry. Co. Cons.
Cleveland
4s.
Cleveland & Pittsburgh Rd. Co. Gen. Mortgage
.Series “D.”
Cambridge City, Indiana, Funding Bonds.
Gas
$250,000
CHICAGO & ALTON RAILROAD CO.
City, Ind.
Grant County,
Five-Year 5% Collateral Trust Notes
Indiana, Gravel Road 6s.
Greenfield, Indiana.
Massillon & Cleveland Rd.Co. Quarterly dividend,
2 per cent.
Pittsburgh Ft. Wayne & Chicago Ry. Co. 1st
Mortgage 7s, Series ,‘B.”
Pittsburgh Ft. Wayne <5c Chicago Ry. Co. 2d
Mortgage 7s, Series
Portsmouth, Ohio, 5s.
Wheeling Terminal Ry. Co. 1st Mortgage 4s.
THE
DUE JANUARY
Secured by First Mortgage Bonds
Coupon No. 10, due February 1. 1007, from
The
Atchison Topeka & Santa
Fe Railway
Company FOUR PER CENT SERIAL DEBEN¬
TURE BONDS will be paid on and after February
1. 1007. upon presentation at the office of the
Companv, No. 5 Nassau Street, New York City.
of the Chicago & Alton Railroad (old company) at 75
TO NET 5 1-4%
We offer the above
subject to prior sale
CURTIS <& SANGER
FE
TOPEKA
&
SANTA
RA1LWAY COMPANY.
ATCHISON
!
1, 1912
38 Wall Street. NEW YORK
53 State Street,
218 La Salle Street, CHICAGO
BOSTON
H. W. GARDINER. Assistant Treasurer.
New York, January 18, 1007.
New Orleans Great Northern RR. Co.
First .Mortgage 5 Per Cent Gold Bonds.
Coupon No. 3, due February 1, 1007, will be
paid at maturity at the office of
FISK
&
ROBINSON, 35 Cedar St., N. Y.
F. A. LEHR, Treasurer.
Office of THE
NEW RIVER COMPANY.
January
16.
1007.
The Board of Directors have this day declared
the regular quarterly dividend of 1 }$% (51.50 a
share) on the PREFERRED STOCK, payable
February 1 to stockholders of record at twelve
o’clock noon January 24, 1007.
JAMES W. SMILEY, Treasurer.
NORFOLK & WESTERN RAILWAY CO.
The Board of Directors has declared upon the
Anjustment Preferred Stock a semi-annual divi¬
dend of Two Dollars per share, payable at the
office of the Company, Arcade Building. Phila¬
delphia, on and after February 15, 1007, to the
Adjustment Preferred Stockholders of record at
the close of business February 1.1007.
E. H. ALDEN, Secretary.
MEXICAN
MINERAL
RAILWAY COMPANY
January 21st, 1007.
Coupon No. 15 of the First Mortgage Bonds
of
this Company, due February 1st, will be paid on
and after that date on presentation at the office
of the Company, No. 82 Beaver Street.
C. J. NOURSE, Treasurer.
CHICAGO
INDIANAPOLIS
&
RAILWAY CO.
LOUISVILLE
Broadway, New York, January 23d, 1907.
Coupons on the First Mortgage Bonds of the
& I. Division of the Louisville New Albany &
Chicago Railway Company, due February 1st,
1907, will be paid at the office of Messrs. J. P.
Morgan & Co., 23 Wall Street, New York.
J. A. 1111 .TO N. Secretary.
80
C.
Office of
THE FAIRMONT COAL COMPANY.
Baltimore, Md.. January 22nd, 1907.
The Board of Directors have declared a divi¬
dend of three per cent on tlx; capital stock of the
Company, payable
February 1st, to the stock¬
record at the close of business on
January 26th.
Dividend checks will be mailed.
The transfer books will be closed at 3 o’clock
holders
p. m.,
a.
m..
of
January 26th, and reopened at 10 o'clock
February 2nd, 1907.
T. K. STUART.
Assistant Treasurer.
Office of
THE CONSOLIDATION COAL COMPANY.
Baltimore, Md.. January 22nd, 1907.
The
Board of Directors have declared the
regular quarterly dividend of one and one-half
per cent, and an extra dividend of two per cent
on its capital stock, payable February 1st to the
stockholders of record at the close of business on
January 26th.
Dividend checks will be mailed.
The transfer books will be closed at 3 o'clock
p.
a.
m..
m.,'
January 26th. and reopened at 10
February 2nd, 1907.
T.
K.
.o’clock
STUART,
Treasurer.
THE H. B. CLAFLIN COMPANY.
Corner of Church and Worth Streets.
New York City, January 19, 1907.
The quarterly interest on the Preferred .Stocks
will be paid February 1st.
Transfer books for the Preferred stocks only
will be closed at 3 p. m. January 22nd and re¬
opened at 10 a. m. February 2nd, 1907.
I). N. FORCE, Treasurer.
THE
BATTERY PARK NATIONAL BANK
24 STATE ST.
(Opp. New Custom House.)
Shipping and Export Accounts Invited.
E A. D« LIMA. President
CALVIN TOMKIN8.V.-Pres. EDWIN B. DAY.
GEO. 8. TALBOT, Asst. Cashier.
Gsshlsi
O’CONNOR & KAHLER
BANKERS
49 Wall Street, Manhattan
FIRST MORTGAGE BONDS FOR INVESTMENT.
Middlesex & Somerset
New York &
Traction Co. First Mortgage 5s, 1950.
Queens Electric Light & Power First
Mortgage 5s, 1930.
Atlanta & Birmingham Railway Co. First Mortgage 5s, 1934.
Connecticut Railway & Lighting First Mortgage 4j^s, 1951.
Dallas Gas Company First Mortgage 5s, 1925.
Full particulars of these and other good securities
4lA% to 5% mailed on application.
yielding
I
•
\
[VOL.
THE CHRONICLE.
XVI
giuttUuds.
financial,
GUARANTEEING THE FIDELITY
BONDS
of Officers and
Coupons Maturing February, 1967
Employees of Financial and Commercial Institutions.
(Does NOT transact
a
L XXXIV.
PAYABLE
“Surety” business.)
AT
THE
BANKING HOUSE
The Guarantee Company of North America.
34th Annual Statement, December 31, 1906.
Capital Paid Up, $304,600 00.
Capital Subscribed, $668,000 00.
Surplus, Wholly earned, $918,176 37.
OP
N. W. HARRIS & GO,
Pine
Street, Comer William
NEW YORK
Chicago
Boatoi
ASSETS:
FIRST
Government, Municipal,Railroad and Corporation Bonds and Stocks $1,116,470 17
Cash in banks and on hand
Real estate, accrued interest, etc
Premiums in course of collection
170,629 35
65,033 64
12,971 08
-
Total Assets
Aberdeen, So. Oak., Refunding
Albany County, Wyo., School District No. I,
Refunding
Ballard, Wash., Punding
Cass County, la., Refunding
Coeur d’Alene, Ida., Independent School
District No. I, Refunding
Dunkirk & Stoughton. Wls., Joint School
$1,366,104 24
1
LIABILITIES:
Legal
reserve for unearned
other contingencies
premiums, claims pending, and all
District, School Building
142,328 87
East Grand Forks, Minn., School District No.
Surplus to Policyholders
Capital, paid up
$1,222,775 37
304,600 00
.'.
Surplus to Shareholders
$918,175 37
(Surplus accumulated wholly from earnings—no part of It contributed by shareholders.
RESOURCES:
Assets as above
Reserve Capital,
Total
resources
$1,365,104 24
364,000 00
subject to call (not subject to dividend)
for
security of insured
$1,729,104 24
3, School Building
‘
Excelsior Springs, Mo.,
Wis., Water Works
Griffin, Ga., Water
Hawarden, la., Refunding
Josephine County, Ore., School District No.
7, School Building (Grant’s Pass)
Kelthsburg, III., Water Works
Lena, III., Water Works
Lexington, Ky., Funding
Michigan State Telephone Co., First Mort¬
gage
Claims paid and provided for to date
HEAD OFFICE:
MONTREAL.
$1,962,433 65
EDWARD
RAWLINGS, President-
NEW YORK DIRECTORS.
Henry W. Cannon,
Cornelius C. Cuyler,
Henry E. Rawlings.
NEW YORK OFFICE:
TRINITY
D. J. TOMPKINS,
W. Butler Duncan,
BUILDING, 111 BROADWAY.
Secretary.
City Hall
Fort Atkinson,
Gold
Neosho, Mo., School Building
Orange City, la., Independent School Dis¬
trict, School Funding
Oshkosh, Wis., Water Works Co., First
Mortgage Gold
Pierce
County, Wash., School District No. 8
(Sumner)
Pine River & Bethany Townships, Mich.,
Union School District No. I, Refunding
(St Louis, Mich.)
Rock Fails, III., Electric Light
Terrell County, Ga., Court House
Waseca, Minn., Funding
SECOND
United States Guarantee
Ill
Escanaba, Mich., Refunding
Company.
Hambnrg, la., Refunding
FIFTEENTH
Elburn, III, Water Works
BROADWAY, NEW YORK.
Whatcom County,
No. 2 (Sehome)
Trinity Building.
Wash., School District
SIXTEENTH
Georgetown, Tex., Refunding School Homo
17th Annual Statement to December 31,1906.
ASSETS:
TWENTY-FIRST
New York City Bonds (Par, $450,000 00)
Railroad and other Bonds and Stocks
Cash in Banks ($64,774 33) and Office ($1,248 60)
Premiums in course of collection
Real Estate and Accrued Interest
J
Total Assets
$409,375
128,300
66,022
15,267
5,974
00
00
93
17
28
$624,939 38
LIABILITIES:
Unearned
premium
reserve,
claims, and all contingencies
73,405 55
Surplus to Policyholders
Capital, paid up
$661,533 83
250,000 00
Surplus to Stockholders
$301,533 83
(Surplus accumulated vvhoHy by earnings—no part of In contributed by shareholders.)
Claims paid and provided for to date
$645,916 78
We have examined the books and accounts of the UNITED STATES GUAR¬
ANTEE COMPANY, and certify that the above Statement is correct.
New
THE AUDIT COMPANY OF NEW YORK,
E. T. Perine, General Manager,
York, January 22, 1907.
EDWARD
RAWLINGS, President.
D. J. TOMPKINS, Secretary.
CANNON, CORNELIUS C. CUYLER, HENRY E. RAWLINGS,
DIRECTORS.
Henry W. Cannon,
Cornelius C. Cuyler,
W. Butler Duncan,
Brayton Ives,'
E. M. Morsman,
Gen. Horace Porter,
NEW YORK CHICAGO & ST. LOUIS RR. CO.
Grand Central Station, N. Y., Jan. 16, 1907.
The Board of Directors of this Company have
this day declared a dividend of FIVE PER CENT
on the First Preferred
Capital Stock, and a divi¬
dend of FOUR PER CENT ON the Second Pre¬
ferred Capital Stock,
payable at this office,
March 1st, 1907, to stockholders of record at three
o’clock P. M. on Friday, February 1st.
CHARLES F. COX, Treasurer.
CLEVELAND
CINCINNATI CHICAGO & ST.
LOUIS RY. CO.,
Grand Central Station, N, Y., Jan. 16, 1907.
The Board of Directors of this Company have
this day declared a dividend of TWO PER CENT
on Its Common
Capital Stock, payable March 1st,
1907, at the office of Messrs. J. P. Morgan & Co.,
New York, to stockholders of record at 3 o’clock
p. m. on Friday, February 1st.
CHARLES F. COX. Treasurer.
104TH SEMI-ANNUAL CASH DIVIDEND
Illinois Central Railroad Company
The Board of Directors has this day declared
a regular semi-annual cash dividend of three and
one-half per cent, In cash, payable March 1,
1907, to the holder., of the Capital Stock of the
Illinois Central
Railroad
Company, as regis¬
tered at the close of business, Thursday, January
31, 1907.
For the purpose of the above dividend the
stock transfer books will be closed at 3 p. m. on
Thursday, January 31, and remain closed until
the morning of Thursday, February 21, 1907.
A. G. HACKSTAFF, Secretary.
NEW YORK, January 16, 1907.
THE
Vice-Presidents:
HENRY W.
Bloomington, I1L, Water & Light
Henry E. Rawlings,
Edward Rawlings,
Grant B. Schley.
PULLMAN COMPANY.
DIVIDEND NO. 160.
A quarterly dividend of $2.00 PER SHARE
from net earnings has been declared, payable
February 15th, 1907, to Stockholders of Record
at close of business Jan. 31 1907.
Checks will be
mailed.
A. S. WEINSHEIMER, Secretary.
Chicago. January 19,1907.
F<r other dividends
see
page xv.
a
vo-pnanrial
ontmm'U'i
1
INCLUDING
Bank and Quotation
State and City Section (semi-Annual^]
Section (Monthly)
Street Railway Section (
Railway and Industrial Section (Quarterly)
Untied aoeording to Aot of Oongreas, in the year 1807, by
y
William B. Dana Company In the office of Librarian of Congress,Washington, D.C
SATURDAY, JANUARY
VOL. 84.
26,
TTVrfc ending'January
(T hrentitle.
Clearings at—
1906.
1907.
PUBLISHED WEEKLY.
Terms of
$10 00
For Ono Year
For Six Months
6 00
13
7
£‘2
£1
European Subscription (including postage)
European Subscription six months (including postage)
Annual Subscription in London (including postage)
Six Months Subscription in London (including postage)
Subscription includes following Supplements—
Terms of
Transient matter per
00
50
14s.
11s.
I State and City (semi-annually)
| street Railway (3 times yearly)
$4 20
inch space (14 agate lines)
Rtamlimr "Rnsinoss
Standing
cants
Business Cards
v
<
v
Two Months
22 00
(S times)
29 00
Three
Months (13 times)
six Mouths
Twelve Months
50 00
87 00
(20 times)
(52 times)
CHICAGO OFFICE—P. Bartlett, 513 Monadnoek
Block; Tel. Harrison 4012.
Gardens, E. C.
LONDON OFFICE—Edwards & Smith, I Drapers’
,
Post Office
COMPANY.
Publishers,
Pine Street, Corner of Pearl Street,
Pox 958.
NEW YORK.
WILLIAM
B. BAN A
2.220,681
Portland
Worcester
Fall River
New Bedford
Lowell
Holyoke
Advertising—Per Inch Space
/-
Providence
Hartford
New Haven
Springtleld
Total New
Eng.
Chicago
Cincinnati
Cleveland
Detroit
Milwaukee
11,602,391
Indianapolis
Columbus
Toledo
Peoria
Grand Rapids
2.057,591
Dayton
Evansville
Kalamazoo
Lexington _•
Springfield. Ill..
Fort Wayne
Youngstown
887,221
Akron
Rockford
889.149
624,868
419,872
....
....
Bloomington
Springfield, O...
...
CLEARING HOUSE RETURNS
The following table, made up by telegraph, &c., indicates
that the total bank clearings of all the clearing houses of
the United States for the week ending to-day have been
$3,279,120,811, against 83,435,897,497 last week
$3,571,434,343 the corresponding week last year.
Clearings—Returns by Telegraph.
Week eruling January 26.
1907.
Per
Cent.
1906.
*
and
14.9
+ 3.4
10.6
—0.2
+ 13.1
$1,773,170,068
$2,0.84,634,417
151.241.597
119,623,498
23,026,990
194,860,370
55.084.668
19,390.905
146,274.906
133,789.769
23,076,865
172,226.884
53,434,274
19.282.590
-
S2.336.398,096
423.976,418
$2,632,719,705
361.098,742
—11.3
+ 17.4
Total all cities. 5 days...
All cities, 1 day...
$2,760,374,514
518,746,297
$2,993,818,447
577.615,896
—7.8
—10.2
Total all cities for week
S3.279.120.S11
$3,571,434,343
—8.2
New York
Boston
Philadelphia
Baltimore
Chicago
St. Louis
New Orleans
Seven cities. 5 days
Other cities. 5 days
-
—
Ill.
Jackson
Ann Arbor
Tot. Mid.West.
San Francisco
Los Angeles
Seattle
Salt Lake City...
Portland
Spokane
Tacoma
Helena
+ 3.1
by the above will be
given next Saturday. We cannot furnish them to-day,
clearings being made up by the clearing houses at noon on
Saturday, and hence in the above the last day of the week
has to be in all cases estimated, as we go to press Friday night.
We present below our usual detailed figures for the previous
week, covering the returns for the period ending with Satur¬
day noon, January 19, and the results for the corresponding
week in 1900, 1905 and 1904 are also given.
Contrasted with
the week of 1906 the total for the whole country shows
a loss of
8.4%. Outside of New York the increase over
1906 is 8.3%.
Week ending January 19.
Clearings at—
Inc.
Fargo
Sioux Falls
Oakland.
San Jose
Total Pacific..
Kansas
City
Minneapolis
Omaha
St. Paul
Denver
St. Joseph.
Des Moines
Sioux City
Wichita
1907.
New York
Philadelphia
Pittsburgh
Baltimore
Buffalo
Washington
Albany
Scranton
Syracuse
Wilmington
Wilkes-Barre
Reading
...
Wheeling
Erie
Binghamton
Chester
Oreensburg
Franklin
...
1906.
$
$
2,181.845 156 2.594.337,802
162.176.223
150,332.176
57.933,240
51,073,358
30.088,776
32.307.564
8.791,301
8.613,703
5.953,380
5,986,655
-6.079,954
7.860,106
3.490,835
4,217.724
1,837,554
2,116,833
1.743.214
2,147.599
1,282,353
1,368,148
1 178,556
1.149,497
1,075,051
1,405.091
998,257
1,128,573
622.291
727,716
535,900
572,700
506,481
469,493
483,328
540,741
323,561
320.000
Total Middle.. 2,451,237,156 2.882,383,742
Davenport
Colorado Springs
Cedar Rapids...
Pueblo
Fremont
Lincoln
T
Tot. oth.West.
St. Louis
New Orleans....
Louisville
Houston
Galveston
Memphis
Richmond
Atlanta
Savannah
Nashville
Fort Worth
Norfolk
Augusta
Birmingham
Charleston
Knoxville
Jacksonville
....
....
Chattanooga
or
Dec.
1905.
1904.
S
$
1,923.996.445 1.290,178,043
124,516,110
142,394,446
37,424,681
46,759,223
21.578,214
25,202.768
6.541.715
,7.155.940
3,961,975
4.675.582
3.519.510
4.190,235
2,478,972
3,519,722
1,683,001
1,720,653
1,289,824
1,786,732
1.021,151
1,126.961
972.800
1.057.261
-%9
—7.3
—11.8
—6.9
—2.0
+ 0.6
+ 29.3
—17.2
+ 15.2
+ 28.9
+ 6.7
—2.5
+ 30.7
+ 13.0
+ 16.9
+ 6.9
—7.3
920.261
741,792
484,699
453.700
395,159
369.918
230,955
911.928
639,456
445,635
295,800
473,114
381.704
187.965
—15.0!2,167.182,45^
1.498,501.231
+ 11.9
—1.1
1
+ 19.2
+ 26.2
+ 31.2
+ 8.2
+ 14.0
215,974,500
27.830.050
17,552,517
13,248.838
9.433.644
7.358,889
4.418,800
4,698,354
3,422,952
2,559,645
1,937,437
1.644.168
923,502
876.916
778.188
724.470
680,739
+ 10.0
+ 15.2
+ 5.5
+ 13.2
+ 23.0
+ 31.4
+ 12.5
lh.9
—20.0
+ 5.5
+ 6.2
318,968.522
43.427,723
11.068,176
7,758.816
6,664,832
4,825,000
3, OSS.887
3.558,208
—
.
+ 12.9
+ 21.6
+ 0.4
+ 14.0
+ 8.6
—0.5
+ 47.S
+ 12.0
Little Rock
Mobile
Macon
Columbus. Oa...
Total Southern
Total all
Outside N. Y._
Canada—
Montreal
Winnipeg
Ottawa
Halifax
Vancouver
Quebec
Hamilton.
St. John
London
Victoria
Caleary
Edmonton
Total Canada
.
1904.
1905.
$
157.OSS.792
I
7,733.900 !
2.907.921 I
•
S
133,008,049
7.758,400
2,163.295
2,460,469
1,732.387
1.622,873
1.412,311
544,170
617.779
1,659,662
1.434,135
1.451,928
1,017,855
1,174,468
.583,949
418,004
480.69 l
363.208
177,019,300
202.629,077
25.741.350
14.916,982
12.020.314
8,968.OSS
6.402,5.81
5.762,009
3.518.74.!
2,867.729
2.159,103
1,765.822
1.298.786
391,7.86
711.796
151.072,178
577,506
457.229
175.009.208
23,512,450
14,568.358
10.719,980
8.887,815
6,694.122
3.989.200
3,216,544
2,701,679
2,115,100
1.551.452
1,192.649
679,738
622.716
625,252
283,895
369,319
286.154
217,423
256.924
113.564
247,380
219,444
197.047
85.785
+ 10.6
294.360.301
260.491,509
+ 6.2
+ 27.0
+ 10.8
+ 8.0
+ 39.1
+ 36.0
+ 35-2
+ 8.2
+ 0.8
+ 18.5
31,045.351
22,677.940
6,502,418
—
10.4
—3.2
+ 50.0
—3.3
+ 30.6
+ 72.6
+25.1
—22.1
+ 6.1
+ 49.6
588,191
469,500
424.529
324.797
380.210
414.132
8,371,664
4.420,962
4,410.896
3.731.030
2.705,544
2,742.619
709,431
533.751
268,942
3.675,703
3.117,158
3.368.960
1.984.322
2,102.626
604.591
488.790
212.235
49,734,803
5.8.940.240
82,638,656 + 13.9
22,093,083
21.628.130
28.487,064 + 18.1
33.635,614
—0.1
14.642.340
16,087.376
17,898,412
17,871.581
8.112.091
7,472.500
8,788,468 + 20.9
10.623.817
5.370.104
6,107.576
7.388,196 + 17.4
8.675.288
3.894,416
+ 9.1
7,654.120
7,452,323
8,130,992
5.817.369
5.654.734
5.257.657 + 23.6
6.500,647
2.085.614
+ 9.8
2,221,844
2.441 270
2.680.404
1.299.077
1.809,583
1,799.317 + 22.6
2,205.776
1.223.018
+ 3.7
1,229,806
1,168.718
1,211.348
1.061,836
—2.6
1.024.630
1.035,948
1,008.899
755.459
806,862
+ 11.5
900,000
823.969,
478 351
788,681
954.261 —10.9
850.000
384.069
426.212
541,156 + 35.9
735.541
486.813
640.367
+ 9.3
700,000
204.195
173.661
252.387 + 35 8
342.649
1.270.861 Not included In total
66,618.796
74,391,861
84,912,406 + 13.1
96.072.556
57.414.897
+ 3.0
57.608,511
65.708,519
67,695,671
27,123,366
23.180,593
+ 7.4
24.634.232
26.461,631
11,040,706
13,620.929
13,066,947 + 13.6
14,845,367
8,550.619
+
45.7
7,054.523
10,521.361
15,324,812
4.825.500
4,926,000
5.611.000 +51.5
8,500.000
6.422,380
7.151.970
—7.1
6.502,820
6.039,936
4.843,348
5.111.357
+ 3.7
5,985.686
6,200.000
3.450,233
25.6
+
3,302,257
4,353.568
5.468.345
4,645,177
3,361.445
3.974.627 + 28.6
5.112,513
2,855.516
3.322.941
3,354.364 + 19.3
4.000,000
1,650,748
17.9
2,333,573
+
3,353,073
3,953,274
1.993,273
1,669,540
2.365.131 + 31.6
3.112,911
1,853,547
+9.3
1,408.627
1,624,686
1.775.285
1,294.507
1.365.069
+
17.2
1,688.124
1,978,925
1.287.419
—4.2
1,102.231
1,779.724
1,704.510
1,426.226
1,333.075
+0.11
1,479,308
1,481,009
752,223
—4.6
1.038,227
1.445.575
1,378,405
796,978
891,304
1,332.997 + 13.8
1.517.383
1.239,490
928,691
1,345.283 + 26.5
1,701.553
+
29.3
1,185.842
1.532.986
851.000
425,977
527.015 + 51.8
800.000
219.428
270.766 —10.0
243.700
145,044,737
140,626.677
180.828.216
162,110,648 + 11.5
—8.4 2,912,527.831 2,171.463.754
.435,897,497 3.751,979.732
881.285,211
988,531,386
+ 8.3
,254,052.341 1.157,641.930
94.100,343
—0.6
30.299.704
30.127,031
1.0
25,193,976
24,943,888
9,471.016
7.560,922 + 25.3
14.6
+
2.806.822
3.215.946
—1.5
1,826,715
1,800.000
1,806.213 + 52.0
2.745.235
+ 6.2
1,719.079
1 826.313
—4.0
1.562.294
1,500.000
+ 20.5
1 098.377
1.323,695
1,084.379 + 11.2
1,205,259
—9.6
975.698
881,696
1.209.737 Not Included In total
in
total
767.708 Not Included
+ 4.1
75.934.179
79.040,079
—
Toronto
19.
667,426
670.000
452,378
378.278
347,415
595,341
157.611
357.061
716,236
574.732
570.231
356,046
421.950
3.626,364 Not Included In total
275.000 Not included In total
Topeka
The full details for the week covered
1
8,598.292
7.200,541
6.513.746
5,016.168
4,811,255
775.000
—21.2
+ 18.0
558.032
468,779
436.458
389.589
390,075
350,026
327,536
322,488
285.946
278,000
102,584
565,447
South Bend
Decatur
%
+ 19.5
+ 2.2 i
+ 5.0 I
+ 21.4
+ 0.8
220.965,758
601.400
Quincy
—
+ 0.6
786,953
677,592
Canton
Mansfield
Jacksonville,
| Inc. or
i
Dec.
$
197,129,697
9,171.400
3,476.223
2.547.S73
2,204,208
2,053,258
1.536,136
1,106,603
770.311
502.839
467.210
Boston
Subscription—Payable in Advance
B 'NK and Quotation (monthly)
Railway and Industrial (quarterly)
NO. 2170.
1907.
22,244,848
20.330.875
6.018.193
2,526.901
1.57.5.903
18.264.510
14,179.144
4,907,065
2.509,942
1.424.941
1,348,170
1,5.56,730
1,268,372
1,164.577
972.079
929.693
836,033
1.338,338
1,025,631
824,215
691,865
486,443
59.504.002
46,920.426
THE FINANCIAL SITUATION.
Consider how much like
as a
previous weeks, if taken
whole, the current week has been. Two distinct
halves have stood
and the other
as
the rule for
some
time,
one up
down; only in the first half of this last
Wall Street affairs, took a deeper plunge than has
previously been the custom, and the second half had
reached apparently a much more stable resting-place
because of decidedly larger banking facilities gained
by our Clearing House institutions. This gain has
been a prolonged feature—three weeks now.
The
present six-day cycle for work began not only after
the $10,578,900 gain in cash as shown by the bank
returns of January 12 but on top of an $18,198,000
increase in cash on January 19th.
Thus those two
weeks had completely changed the character of the
loan market by additions of $28,776,900 to the cash
and of $18,467,250 to surplus reserve. With these
large gains already secured coming freely from the
interior, and in considerable amount from the SubTreasury, and with evidence of further additions in
progress the current week from the same sources,
operators had reason to think they had good promise
of relief from the strain so long felt because of the
shortened conditions of the money market.
Still,
notwithstanding the more assured grounds the bor¬
rower had reached a week ago both in Europe and
America, last week’s Saturday markets for securities
both at home and abroad closed in a gloomy sort of
way.
So it happened also, in spite of this better and
stronger situation in money, both for call and time,
having relaxed materially, the Monday and Tuesday
opening of the Wall Street market the current week
one,
,
was
[VOL. I.XXXIY.
THE CHRONICLE.
l£0
far from cheerful.
A
tainly the principle which should govern the rail¬
road world the current year.
Not only wages, but
everything that enters into construction, are abnormal¬
ly high. If all the loans and projects which have been
proclaimed in recent weeks be gotten under way as
announced, it would involve so much money, the
employment of so many men, and such a degree of
activity in so many industries as not unlikely to pre¬
cipitate a crisis.
But
we
are
inclined to think that railroads will be
slow in
carrying out their plans, doing only what is
absolutely needful. This is no occasion for getting
more
involved than that
course
will
cause.
It does
not need to be said that all the roads that have been
suggesting and making provision for new work are
financially sound—no roads anywhere in Europe or
America are in that respect in better condition.
As a
rule, if they have the power, their purpose has been to
raise the money required on their stock, which all of
them could at any time easily do because by giving
stock at par, they virtually give an immense per cent
for the money, though they do not add to the fixed
charges. We plead, however, for conservatism in
building operations, because in the present low moral
state of opinion with regard to property, and especially
railroad propert y, it is far safer to get into a fighting
condition than
a
strained
one.
A decision at St. Paul
restricting the Great Northern from bringing out its
proposed stock issue of $60,000,000, until the Minne¬
sota Railroad Commission had given its consent—at
first affected the stock unfavorably.
Later it was,
looked at as being at the worst only a delay.
If the
management of the Great Northern thinks it must do
certain things to save certain rights it will get the
money in some way and do them, letting Minnesota
and her sister States wait until the deprivation of get¬
ting along without the improvements projected shall
open their eyes to the real situation.
The order en¬
joining the proposed issue limits its action as follows
—“without first making an application in writing to
c
conspicuous feature of the two days, Monday and
Tuesday, of the current week already mentioned was
the large crop of rumors of various kinds put afloat
and readily gaining belief. They related to coming
disasters to leading firms, difficulties with railroads in
getting cash, of declines in dividend payments, &c. the Minnesota Railroad & Warehouse Commission and
Undefined fears are always provocative of more harm securing its approval.” The Great Northern Railway
than the facts when they are fully developedl. 11 Rumor claimed that under its original charter it could issue
doth double, like the voice and echo, the numbers of stock at will.. The court holds that this is not the
the feared.”
By Wednesday, however, these impend¬ case.
ing evils had substantially vanished and there was a
As the current week closes,a matter of some conse¬
good deal better feeling. The day previous it had
been announced that the house of J. P. Morgan & Co. quence comes in to disturb the outlook.
We have
had provided the means President Finley indicated referred above to the strong condition of our Clearing
in his letter of last week was needed by the Southern House institutions and to the easy rates that situation
Railway. The company issued its notes in the amount has produced for call and time money. The incident
of $15,000,000 and the bankers mentioned took them. which clouds this prospect somewhat is the reported
These notes mature in three years, bear 5rf interest, ! announcement by Secretary Shaw that he will on and
and are sold at 97 and interest.
Another among the after February 1 (-all for the surrender of the 30
rumors of Monday and Tuesday was the announcement
j million funds which on September 27 he had agreed
of the issue of a new large loan to be put out by the to distribute among banks in different localities for
Pennsylvania Railroad; the following day the company the purpose of relieving the monetary tension which
denied that there was any such intention.
About the then prevailed. It is stated in the same Washington
same time rumor stated it to be the conclusion of the
telegram that “the Secretarv will exercise lenienev in
New York Cent ral directors to curtail much of the con¬ calling for re-pavments.
For instance, a bank having
struction and improvement work that had been planned $200,000-may be asked to turn in $100,000 early
in
for this year, the curtailment not, however, to include February and may have until March l to restore the
any part of the terminal work in this city.
A letter to remainder.” The Secretary’s purpose is, it is said, to
us from the company states
that the rumor was have all the money returned by March 4, when he re¬
“neither authorized nor correct.” Still it suggests a tires from office, “and a considerable part of the money
good maxim for the new year. “Go slow” is cer¬ will accordingly remain in the banks throughout the
,
x
Jan. 26
181
THE CHRONICLE.
1907.]
It should also be remembered ient to allow the road to pay interest on this overthat there is likewise a $12,000,000 item of public capitalization. There are two curious errors in the
deposits which will have to be paid back to the Sub- assumption contained herein which cannot be over¬
Treasury February 1 and February 15. Consequently, looked in a person who is spending “the good money
month of
February.”
understand the situation, the whole requirement
is 42 million dollars which the banks must restore
as we
of the United States.”
Mr. Hanks’s statement
can
force except it be assumed
roads are allowed to make any rates
have
(1) that the rail¬
they please, and
(2) that as a result they are netting a return on their
entire share capital, no matter how excessive or what
its magnitude.
The facts confute him on both points.
We all know that it is competition, not capitalization,
no
It will be remembered
January 21
and the other half February 15. On January 10 Secre¬
tary Shaw extended these payments one-half to Feb¬
ruary 1 and the other half to February 15.
Of course
this $42,000,000 is not all held by our New York that controls rates, and furthermore we also know
banks. Only a small part of it is so held. The in¬ that even if this were not so, Government bodies, both
terior depositaries, at least the most of them, we State and National, are exercising extreme vigilance
in seeing that rates are not too high—in fact, the criti¬
may presume, will adjust their indebtedness through
their correspondents in New York instead of sending cism is that they often force them unjustifiably low.
the money directly to the Sub-Treasury. This would On the other point, as to whether the railroads are
require our banks to furnish the cash. However the paying or earning dividends, on their entire share
liquidation is carried through, we cannot but feel capitalization—including the water in them which our
that it is a very unwise and unnecessary requirement, critic so strenuously alleges exists—we would refer
and may possibly have some adverse effect on general him to the last annual report of the Inter-State
business. We see no reason why the return of the Commerce Commission, showing that of the total capi¬
tal stock outstanding on United States railroads, no
money should not be prolonged into the summer. It
'less than $2,435,470,337, or over 37% of the whole,
is not needed for disbursement until the first of July.
was paying no dividends at latest dates.
This, too,
is
of
in
face
An address on ‘‘The Growth of Corporate Wealth,”
unexampled prosperity through the whole
delivered on Wednesday of this week before the Boston range of industries in the land, including the transpor¬
Chamber of Commerce by a Mr. Charles Stedman tation interests.
There is much other crude matteFof the same kind i:i
Hanks, has been accorded considerable space in the
The address is so full of crudities and the address. Take, for example, the following illustra¬
newspapers.
half-baked facts that it would not merit notice except tion as to how capital watering is being indulged in:
for the prominence thus given to it.
Mr. Hanks tells “The profits from such over-capitalization, by which
vast sums arc made, without giving anything in re¬
us that since last June he has been at work in Washing¬
ton, at the Inter-State Commerce Commission, and has turn, are obtained either by wiping out minority stock¬
“spent several thousand dollars of the good money holders, by scaling bonds and stocks under reorgani¬
of the United States in clerical services to show that zation schemes, by assessing majority stockholders, or
the freight and passenger rates of this country can be by paying off floating indebtedness at dividend-paying
reduced 10% without affecting the dividends on the periods, so that the market value of the stock still de¬
stock of any railroad or the wages of any employee.” preciates.
Each is a successful graft proposition, and
all
are played at the same time, as many
when
four
This is an interesting statement, and if by.practical
and convincing demonstration he could make good banking houses now play the game, it is time to call a
his promise, lie would be conferring a service which halt, such methods having the same effect upon our
would be well worth any amount of money spent in country as when crops are harvested without ferti¬
reimbursing him for his preliminary work. Railroad lizing for new crops.” This is a curious conglomera¬
The main trouble with the diagnosis is that
rates in this country are admittedly low, but if, Mr. tion.
Hanks could show us, as he claims, how they can be for a dozen years or more times have been so pros¬
reduced 10% further without harming any interest, perous that there has been no chance to practice any
of the “graft propositions” referred to.
we would all fall in with the idea and hail him as a
On account
of the good times experienced, reorganizations have
public benefactor.
But one looks in vain for enlightenment on this point passed almost out of vogue.
If we would find cases
in the address.
Instead, Mr. Hanks spends his ener¬ of the “wiping out” of minority stockholders, the
gies in arraigning the railroads—that is, the popular scaling of bonds or stock, or the imposing of assess¬
course now-a-days'-—and in so doing falls into a number
ments, we would have to refer to an era long since past.
of blunders which would be amusing if they did not And if “banking houses now playing the game” still
deal with such a serious matter.
For instance, he rely for their profits on practices of the kind men¬
notes among the things he discovered in the process of tioned, we think it will be admitted that they must
his examination the case of a certain railroad corpora¬ have been having a lean time of it, and it is a wonder
tion (he does not give the name) which obtained con¬ they have been able to keep body and soul to¬
trol of a small railroad line capitalized at $5,000,000, gether. But the most diabolical villainy of all is yet to be men¬
and within two vears this road, after being absorbed
to the
Treasury in February.
that this last item became due one-half on
by the larger system,
was
capitalized at $30,000,000.
tioned.
Mr. Hanks makes the statement that “a
cer¬
each mile post
able to float this extra $25,000,000
of bonds and stock may not interest us, he says (the
tain railroad not far from Boston has
calm
43
short, so that the road is a mile short in every
miles,” and he says this makes one “inclined to
sit
up
That the road
was
disregard of the position of the investor implied
in this statement is
refreshing), but we are all inter¬
ested, he continues, in the fact that whatever freight
we ship over this system lias to pay freight raxes suffic¬
123 feet
But
Mr.
and think,” We should imagine it would.
what will puzzle most of us is why it remained for
Hanks to discover the fact, and why he did not
182
THE CHRONICLE.
rush to the State House at Boston and get the
authorities to cite the managers of the railroad to
at
Influenced by the above-noted favorable bank
once
and account for the offence. This would have
afforded a fine opportunity for public officials to show
their zeal on behalf of the people.
Mr. Hanks should
persist till these mile posts are set right, and we think
no one will object to his using some more of the
“good money of the United States” in the effort.
appear
Preliminary figures have been given out at Albany
this week showing the condition of the trust com¬
panies of this State on January 1. These figures are
interesting as bearing out the statement made by us
when reviewing the figures for November 14, namely,
that the process of accumulation of cash made neces¬
sary under the law passed last year by the Legislature
requiring the trust companies to keep stated reserves,
had about reached its end.
It will be remembered
that under the law the maximum of the
reserve
re¬
quirement had to be attained by January 1. From
the statement of November 14 it appeared that the
trust companies held $42,345,615 specie and $8,920,029
legal tender notes and notes of national banks, or
$51,265,644 together. The statement rfor January 1
shows holdings of specie of $43,861,609 and holdings
of legal tenders and bank notes of $11,675,393, or
$55,537,002. So the further increase has been a little
over four million dollars.
The aggregate of .all kinds
of deposits for all the trust institutions in the State
on January 1 was
$1,084,376,517, and 5% on this
would call for cash holdings of $54,218,825 against the
$55,537,002 of cash now reported held. The excess
above the requirement is really larger than this com¬
parison would indicate, for outside of New York the
cash requirement is less than 5%—is only 3%,
though
it is proper to state that the vast preponderance of
the deposits is in the institutions in this city. To
show the full effect of the new law on the cash holdings
of the trust]eompanies, it is necessary, of course, to com¬
pare with the figures on January 1 of last year.
At
that time the specie holdings were only $20,733,816
and the holdings of legal tenders, &c.,
$4,083,239,
making $24,817,055. Thus, as a result of the opera¬
tion of the new law, $30,000,000,
roughly, has been
added during^the twelve months to the money
holdings
of the trust companies within their own vaults.
[VOL,. L.XXX1Y.
re¬
turn and
by a comparatively light demand, due to con¬
tinued liquidations of speculative accounts on the
Stock Exchange and to the apathy manifested by in¬
vestors and non-professional traders, the market for
money has been easy this week, not only on call but
on time.
Though offerings of the latter, especially
for the shorter dates of maturity, have been liberal,
the business has been small; it is noteworthy, how¬
ever, that the corporation notes which have been of¬
fered have been taken promptly, probably because
of the high interest that they yield to investors. The
statement on Wednesday, as elsewhere noted, that
Secretary Shaw would postpone the call for the sur¬
render of $30,000,000 public funds—which, when the
deposits were placed with the banks, were understood
to be subject to calls beginning with Feb. 1—con¬
tributed to a reduction in the call money rate to about
the lowest of the week.
On the following day the
absence of confirmation of this statement caused
a
recovery in the rate to the maximum for the week.
On Friday Mr. Shaw denied the report of his intention
to
postpone the call and stated that on Feb. 1 he will
begin to require the surrender of these special deposits,
calls therefor being made gradually so that the banks
may have until March 1 to return the funds to the
Treasury.
Money
on call,
the Stock
representing bankers’ balances,
Exchange during the week at 4%
and at 2%, averaging about 2 <4%; banks and trust
companies loaned at 2 34% as the minimum. On
Monday loans were at 334% and at 2% with the bulk
of the business at 3%.
On Tuesday transactions were
at 3% and at 2*4% with the majority at 2<4%.
On
Wednesday loans were at 3% and at 234% with the
bulk of the business at 2<4%.
On Thursday transac¬
tions were at 4% and at 2J4% with the majority at
3%. On Friday loans were at 4% and at 334% with the
bulk of the business at 3%%.
Time loans on good
mixed Stock Exchange collateral are 434 @4M% for
sixty and 4<4@5% for ninety days, 5@5J4% for four
and 534% for five to six months.
Corporation notes
running for one year have been placed this week on
about a 5<4% basis. Commercial paper is in good de¬
mand at 5%@634% for sixty to ninety day endorsed
bills receivable, 5%@634% for prime and 634% for
good four to six months’ single names.
loaned
on
With the
exception of a reduction by the Imperial
Germany in its official rateof discount from
7%, at which it had stood since Dec. 18 1906, to 6%,
there was no change in official rates of discount
by
any of the European banks this week; compared with
last week, unofficial or open market rates were y% of
1% lower at London, steady at Paris and % of 1%
Bank of
lower at Berlin and at Frankfort.
The striking feature of the statement of the New
York Associated Banks last week was the remarkable
gain of $18,198,000 in cash and of $9,820,000 in surplus
reserves, which carried the latter to $18,460,700. Loans
were expanded by $15,148,600 and
deposits were in¬
creased by $33,512,000. There was a transfer hither
from San Francisco this week, through the
Treasury, of
$1,000,000, and though Sub-Treasury operations have
shown smaller gains to the banks than was the case
last week, the return flow of money from the interior
has been in important volume.
The Bank of
England rate of discount remains un¬
changed at 5%." The cable reports discounts of sixty to
ninety day bank bills in London 4J4@4^%. The open
market rate at Paris is'334 @334% and at Berlin and
Frankfort it is 4J4%. According to our special cable
from London, the Bank of England gained £1,438,701
bullion during the week and held £33,601,525 at the
close of the week.
Our correspondent further advise*
us that the gain was due to continued
heavy receipts
from the interior of Great Britain and lafge purchases
in the open market, the export movement
being mod¬
erate, and exclusively to South America
The details
.
of the movement into and out of the Bank
follows:
were as
Imports, £625,000 (of which £7,000 from Aus¬
bought in open market); exports,
£275,000 (wholly to South America), and receipts of
£1,089,000 net from the interior of Great Bri¬
tria and £618,000
tain.
Jan. 26
1907.]
THE CHRONICLE.
183
The
The market closed on Friday at 4 8150©4 8165 for
foreign exchange market was strong early in the
week, influenced largely by speculative buying in¬ long, 4 8560@4 8565 for short and 4 8625@4 8635
duced by the easy rates for money and the prospect for cables. Commercial on banks 4 81 @4 8115 and
for a further decline in such rates in the near future. documents for payment 4 8065@4 8165. Cotton for
It was expected that there would be a good demand payment 4 8065 @4 8070, cotton for acceptance 4 81®
for remittances by Tuesday’s mail, but the offerings 4 8115 and grain for payment 4 8160@4 8165.
were greatly in excess of requirements, because of the
The following gives the week’s movement of money
over-bought market, and after the demand had been
satisfied, rates more or less sharply declined. Inas¬ to and from the interior by the New York banks:
much as the steamer sailing on Thursday was slow,
Received by
Net Intiorer
Shipped by
remitters gave preference to Saturday’s vessel, and
Week ending January 25 1907.
N. Y. Banks. V. Y. Banks.
Movement.
Currency
Gain
$6,852,000
$5,045,000
$1,807,000
consequently the inquiry for bills for the remainder Gold
2.090.000
1.166.000 Gain
924,000
of the week until Friday was moderate, rates gradually
Total gold and legal tenders
$8,942,000
$6,211,000 Gain $2,731,000
fell off and the tone was heavy. There was some buy¬
With Sub-Treasury operations, the result is as fol¬
ing of long for remittance, owing to easier London
discounts, and also purchases for investment to hold lows:
until maturity. Commercial bills, especially those
*-r
Into
Out of
Net Change in
Week ending January
Banks.
Banks.
1907.
Bank Holdings.
against cotton, were in good supply, but at the same
above.
$8,942,000
$6,211,000 Gain $2,731,000
time the inquiry therefor was somewhat urgent, so Banks' interior
31.250.000
Sub-Treasury operations
28.250.000 Gain
3.000.000
that they were promptly absorbed. - There seemed to
Total gold and legal tenders
$40,192,000
$34,461,000 Gain $5,731,000
be no evidence of remittances to pay for maturing
The following table indicates the amount of bullion
finance bills, indicating either that these had been
settled for or that provision had already been made in the principal European banks:
for them in advance of their maturity.
Reports of
January 24 1907.
January 25 1906.
selling of American securities in London and on the Bank of
Gold.
Gold.
Total.
j Silver.
Total.
j
Silver.
Continent,as the result of the depression in the New York
£
!
£
i
£
£
£
£
33.601,525
33.601.525 32.441,150
32,441.150
market, led to expectations of a demand for exchange England..
France
106.071.846 39,509.279 145.581,125 114,153,187 42.305.648 156,458.835
32.532.000 10.844.000 43.376.000 36.697.500 12.232.500 48,930.000
to pay for these properties. As there was no indication Germany
Russia
118,051,000
4.735.000122.786.000 103.610.000
3,629.000 107.239.000
Aus.-Hun_ 46.497,000 11.929.000 58.426.000 45.209,000 12.294.000 57.503,000
of an inquiry for this special purpose, it was thought Spain
15,396.000! 24.327,000 39,723.000 15,041,000 23.071,000 38.112.000
Italy
32,196,000! ~ 4.760,100 36,956.100 27,858.000
3.532,500 31,390.500
5.540.500!
5.775.100! 11,315,600
6.605.900
6,086,700 12.692.600
likely that payment for the returned securities would NethTds.
3.318,000!
Nat.Belg..
1.659.000! 4.977.000
3.245.333
1.622.667
4.868.000
3,996.000
be deferred until their arrival.
3.792.000
The lowering of the Sweden
3.792,000
; 3.996,000
397.199.871* 103.538.479,500,738.350 388.653,070 104,774.015493.427.085
German Bank rate seemed to have only a slight effect Tot.week.
Prev .w’k. 393,207.701! 102.533,743 495.741.444,385.481,206 104.077.383l489.558.589
!-,
1
!
upon marks, the reduction having been foreshadowed
by easier open market discounts.
THE GOVERNOR OF JAMAICA AND THE
Nominal rates for sterling exchange are 4 82@4 82}^
BRITISH NAVY.
ior sixty day and 4 86for. sight.
On Saturday of
last week the market was quite strong, and, compared
There was no great reason to believe, at any time
with the previous day, long rose 50 points'to 4 8175@ during the incident of Governor Swettenham and our
4 82, short 45 points, to 4 8595@4 8610 and cables 40 warships at Jamaica, that serious consequences, even
points to 4 S665@4 8675. On Monday the tone was of a sentimental sort, would follow. Americans are,
strong until the afternoon, when it grew easier, and fortunately, possessed as a nation of a high sense of
the market closed at a decline of 25 points for long to humor, and the absurdities of which Governor Swet¬
4 8150@4 8155, of 15 points for short to 4 8580® tenham had allowed himself to be guilty in his official
4 8585 and of 20 points for cables to 4 8650@4 8655. correspondence with our Admiral appealed so
strongly
On Tuesday long fell 5 points to 4 8145@4 8155, short to that sense of humor as to overcome even the feeling
10 points to 4 8570@4 8575 and cables 15 points to of wounded pride which might under other circum¬
4 8635@4 8640.
On Wednesday the tone was again stances have asserted itself. The truth is, this is one
heavy at a decline of 20 points for long to 4 8130® of the episodes in which the manner of doing a thing
4 8135, of 10 points for short to 4 8560@4 8570 and of so far supersedes in popular interest the thing which
5 points for cables to 4 8630@4 8635.
On Thursday was done, that it is judged at the time, and probbaly
the market was steady, closing 40 points higher for long always hereafter will be judged, in the light of the
at 4 8160@4 8175, 10 points for short at 4 8570@ language used by the Colonial Governor.
This is in
4 8575 and 5 points for cables at 4 8635@4 8640.
some
The
respects fortunate, but in others unfortunate,
tone was barely steady on Friday, with long and short because it is quite possible that a principle of some
10 points and cables 5 points lower.
importance to the English, if not to us, lay behind
The following shows daily postal rates for sterling the extraordinary document sent out on Sunday by
the Governor to our Admiral.
exchange by some of the leading drawers:
Taken by itself, a communication by such an
Fri.,
Mon.,
Thurs.
Tues.,
Wed.,
Fri.,
Jan. 18 Jan. 21 Jan. 22 Jan. 23 Jan. 24 Jan. 25
officer to the representative of the American Govern¬
Brown
60 days 4 82 H
82 )4
82)*
82)4
8234
82)4
ment—in which he remarks that “I find your working
Bros. & Co
Sight.. 4 86)*
8634
86)4
8634
8634
86)4
Bari
60 days
82
82
82
82
82
82
& Co
8634
86)4
[Sight.. 4 86
86)4
86)4
86)4
party was this morning helping Mr. Crosswell clean
Bank British
60 days
82
82
82
82
82
82
North America
Sight.. 4 86
86.34
86)4
8634
his
86)4
86)4
store; Crosswell was delighted that the work was
Bank of
f60 days 4 82
82)4
82)4
82)4
82)4
82)4
Montreal
86
Sight..
86 34
86)*
8634
86)4
86)4
done without cost; if your excellency should remain
Canadian Bank
60 days
82
8234
8234
8234
8234
82)4
of Commerce
4
86
8634
86)4
86)4
kSight..
8634
86)4
long enough, I am sure almost all the private owners
60 days 4 82)*
Heidelbach. Ickel8234
82)4
82)4
82)4
82.34
helmer & Co
Sight.. 4 86)*
8634
8634
86)4
8634
8634
would be glad of the services of the Navy to save
Lazard
60 days 4 82)*
82 )4
82)4
82)4
8234
82)4
Freres
Sight.. 4 86 )*
86)4
86)4
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Merchants' Bank
60 days 2 82
82)4
82)4
8234
82)4
8234
expense;” and that, “I may remind your excellency
of Canada
Sight.. 4 86
86)4
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that not long ago it was discovered that thieves had
movement as
.
....
!
-
nf?
4
4
4
4
184
THE CHRONICLE
[Yol. lxxxiv.
lodged in and pillaged the residence of some New York the whole discussion, is the fact to which attention
millionaire during his absence in the summer; but this has instantly been called in England, that it was the
would not have justified a British Admiral landing an business of the British Navy to have had at least some
armed party and assisting the New York police”— warships sufficiently near at hand to go to Jamaica
is difficult to take seriously. Probably there would on the first news of the Kingston disaster, and reach
The London press has pointed
have been no occasion for serious treatment of it, and it in time to be of use.
it might be simply put aside as the outbreak of an out with no little force that, whereas the British Navy
ill-natured and nervously exhausted provincial officer, was at this time, caught napping, so far as the West
but for the fact that even the responsible part of the Indian colonies were concerned, by an accident of
London press, while denouncing the ill-breeding of nature, it might be caught the next time by an insular
the Governor of Jamaica, and regretting the occur¬ insurrection or by invasion from some other State.
While this supposed “other State” could hardly be
rence of the episode, nevertheless takes the ground
that there was something to say for Governor Swetten¬ any but our own, and while such a contingency is ad¬
ham’s action in declining furthef assistance from our mittedly improbable, nevertheless the point of the
warships. The English point of view appears to be London critics is not, on general principles, ill taken.
that the American bluejackets were landed for the What interests us chiefly in it is its clear recognition
ostensible purpose of guarding the American Consulate, of the function of the modern navy as a police power
This is by no means a novel conception
which they were entitled by international law and for the ocean.
practice to do. Once landed, it seems that the need of a navy’s duties, but it has gone very considerably
for help by the people of devastated Kingston appealed out of fashion during the last few years, under the grow¬
to the plain human instincts of our sailors and officers, ing idea that a navy must be primarily an enormous
who thereupon devoted themselves to assisting where consolidated fighting armament.
During the many
the}r could in the work of salvage and protection. It years in which Great Britain’s Navy was being builtis a matter of record that the Governor of Jamaica up to its recent supremacy over any other modern fleet,
had agreed to the use of our sailors as a guard to the the argument was offered, and generally conceded,
Consulate; some dispute appears to exist as to whether that in its isolated position, with its widely extended
the further actions in relief of the Jamaican people colonial possessions, and with its reliance on outside
had been undertaken with the consent of the Governor producing States for the food of its.inhabitants, it was
or not.
imperatively necessary for the country to provide a
Apparently, at all events, their scope of activity, navy which should patrol the seas, keep open lines of
greater than the Governor had contemplated, raised communication, and be at hand in the case of need in
the colonies.
n his mind a feeling, first of irritation that no British
Obviously, these purposes called first for numerous
warship had been near enough to be the first to give
relief, and, second, of doubt as to the propriety of warships of a normal model, suited to swift sailing,
permitting a precedent of this sort to a foreign navy, and with good carrying capacity. Since the Japanese
unless under circumstances of absolute and hopeless naval victories these ideas of a navy’s functions have
So far as concerns this international largely given place to the wish for ships of enormous
emergency.
As a consequence England, at the very moment
view of the case, it is only fair to concede what force size.
there may be in the objection, undoubtedly widely when complaint is growing of “cheese-paring economy”
entertained in London, against the employment of in the navy, is planning the largest battleships ever
armed foreign naval forces on the shore of a British built, while our own Government, not content with
colony. Under all ordinary circumstances, such a old-fashioned types and models, is following the same
Thus the tendency grows among all the na¬
practice is contrary to the accepted rule of international path.
tions
to
put their surplus revenues, or more often the
diplomacy. This fact undoubtedly was recognized by
Admiral Davis, whose attitude, however, was ex¬ proceeds of their public loans, into a few of these ex¬
pressed in his letter to Governor Swettenham, stating travagantly expensive vessels, when the same expendi¬
that “as ■the only object of my being here is to render ture might greatly increase the numbers and efficiency
such assistance as I can, I trust you will justify me of the navy as a maritime police.
The Kingston episode brings out the truth of The
in this matter for the cause of common humanity.”
The difference between the positions thus taken by situation so strongly that we trust it will not in this
the Admiral and that undoubtedly held by many direction be without its influence.
The “fighting
Englishmen arises from the divergent view of a armament” idea has become a good deal of an obses¬
precedent which, under slightly altered circumstances, sion in the minds of present-day statesmen. The as¬
would certainly not be tolerated.
As we have said, sumption that war is the normal state of nations, and
there seems to us to be some force in this contention. that no nation can regard itself as safe without a full
If we may imagine that Governor Swettenham, in¬ equipment of the very latest and most costly fad in
stead of the clumsy and boorish letter which lie actually naval architecture, is leading more than one Govern¬
wrote, had notified Admiral Davis in a friendly and ment well along the pathway of fiscal embarrassment.
dignified manner that his duties and instructions did Yet in the face of this assertion of the hopeless outlook
not permit him to allow the presence of armed American for a State not thus equipped, we have before our eyes
sailors on shore, except as an inactive guard to the the spectacle of Russia, with the bulk of her modern
Consulate, and if he had followed this up by a simple ships either in Japanese hands or at the bottom of
statement of his own ability to cope with the situation, the ocean, and with no hope of making good the loss
we do not see how
any serious exception could have within the next few years, nevertheless facing its felbeen taken to his attitude.
low-States with perfect equanimity,and actually, as
What undoubtedly intensified the Governor’s bad at Algeciras last spring, uttering the controlling voice
temper, however, and what bears very curiously on in an international conference.
Ja:n. 26
185
THE CHRONICLE-
1907.J
expressed,” &c. The bonds contained a state¬
they were secured by the mortgage convey¬
ing the property and franchises of the corporation,
Our Court of Appeals at Albany last month handed to which reference was made for a description of the
down a decision of considerable interest to trust com¬ property and franchises mortgaged.
The Appellate
panies and others who make it a practice to act as Division, speaking by Justice Hirschberg, held that
trustees for mortgage bond issues and place their cer¬ the trustee did not guarantee the truthfulness of the
tificates on the bonds for the purposes of identifying description of the obligation bv the corporation, and
the same and to guard against spurious issues.
In the was therefore not liable to a bondholder for loss oc¬
case at bar the bonds had proved worthless because
curring by reason of the fact that the mortgage se¬
of the foreclosure of a prior lien, and the holder at¬ curing the bonds was not a first mortgage on all the
tempted to recover from the trustee on the strength corporation’s property and franchises.
The case was that of James Tschetinian against the
of its certificate on the bonds, reading: “This bond is
one of a series of bonds mentioned and described in
City Trust Co. of New York, now merged in another
the mortgage within referred to.’7 The bonds so company, and the bonds which were the cause of the
certified were each endorsed by the company issuing litigation were those of the United States Carbonate
them as a “first mortgage” bond.
The plaintiff con¬ Co., which on May 1 1900 executed a mortgage on its
tended that the trust company’s certificate was broad property for $100,000.
The plaintiff purchased
enough to be a guaranty that they were first mortgage twenty of these bonds, which were in denomination
bonds.
The Appellate Division decided against him, of $500 each.
It appears that at the time of the
declaring that the complaint did not state a cause of execution of the mortgage there existed a prior
action against the trust company, and the Court of mortgage for $15,000 on the property covered by it.
Appeals now also rules against him and affirms the The plaintiff asked judgment against the trust
company for the amount of the purchase price of
judgment.
It is to be noted that the certificate on the bond in his bonds upon the theory that the certificate signed
this instance was in the phraseology and language by it was a representation and guaranty that the
which it is now customary to employ and which is bonds were in fact secured by a mortgage which was
advocated as freeing the trustee from responsibility a first lien upon the mortgaged property. Justice
or liability for any statement beyond the fact that the
Hirschberg, in sustaining the demurrer to the com¬
bond is one of the series to which it belongs.
In a pa¬ plaint, pointed out that the certificate certainly did
per read before the Trust Company Section of the not purport upon its face to create such a guaranty
American Bankers’ Association at its meeting in 1900, or to make such a representation.
It was confined
Andrew Squire, counsel for the Guardian Trust Co. in apt language to the assertion that the bonds which
of Cleveland, pointed out that another form of phrase¬ the plaintiff purchased constituted a part of the issue
ology had involved some trust companies in litigation. mentioned and described in the mortgage, and there
The old form of certification read somewhat like this: was no claim or pretense that such statement was not
“It is hereby certified that this bond is one of the series strictly true, both in substance and in spirit. Nor
of bonds secured by the mortgage or deed of trust was there anything in the trust company’s connection
trust
COMPANY FOR
CERTIFICATE ON CORPORATE BONDS.
LIABILITY OF
within mentioned.”
TRUST
It
was
the
use
of the word “se¬
ment that
with
the
transaction
at
all
calculated
to deceive.
cured” that caused trouble, it
being claimed that it Prospective purchasers of the bonds were fairly re¬
implied that there was actually some security for the ferred to the mortgage by the documents themselves
On the present occasion, as already for a disclosure of the nature and extent of the security,
bondholders.
stated, the word “secured” did not appear and the and the mortgage contained an explicit statement of
certification was in the language quoted above, the measure and the limit of the liability assumed by
which in effect simply describes and identifies the the trust company. The description of the bonds as
first mortgage bonds by the words endorsed on them
bonds.
Moreover, the mortgage itself was apparently drawn did not purport to be, and was not alleged to be, the
in such a way as to absolve the trustee from all liability act of the trust company, and no case had been cited,
except its own gross negligence, and seems to have at least in this State, Justice Hirschberg urged, which
contained practically all the safeguards and precau¬ holds that the guarded and limited terms of the cer¬
tionary clauses and phrases which Mr. Squire in the tificate may be lawfully held to embrace a representa¬
paper referred to suggested it would be well to include tion or guaranty of the truthfulness of the description
in mortgages, for the protection of the trustee.
Ac¬ of the obligation as made by the obligor. Continuing,
cording to the description of it contained in the opin¬ Justice Hirschberg went on to say:
ion of Justice Hirschberg, delivered when the case was
“Had the defendant been charged with knowledge c>f
the
before
Appellate Division .(Second Department), any material misstatement or misdescription calculated
it provided for the issue of a series of first mortgage to deceive purchasers, a different question might have
bonds, to be certified by the trustee and returned to been presented, and the fact that the act complained
the mortgagor’s officers, whose receipt for the bonds of was that of another might not avail as a defense.
But in view of the length of time during which it has
was to be “full acquittance and authority to the trustee
for such certification and
delivery.” The mortgage
further provided that the trustee should not incur any
liability for permitting the mortgagor to retain pos¬
session of the property mortgaged, nor should it be
responsible for any breach of covenant by the mort¬
gagor, “nor for any cause, matter or thing except the
trustee’s
own
gross
negligence
or
wilful
defaull
in the
been the custom of trustees of bond issues to act in
that capacity for a comparatively trifling considera¬
tion, limiting their liability to their own acts of negli¬
gence and misconduct, without, so far as appears, a
single adjudication extending the liability to even the
implied guaranty of the securities whose mere identity
they have authenticated, it would be unfair in the cir¬
cumstances detailed in the complaint, to impose so
THE CHRONICLE.
l£<>
burden upon the office assumed by the
fendant in the financial transaction in question.
[VOL. L XXXIV,
de¬
THE GROWING MAGNITUDE OF THE
As
in practice it would be almost impossible to prevent
COUNTRY’S FOREIGN TRADE.
the bonds from containing some descriptive reference
The foreign trade statistics for the calendar year
to the nature of the security purported to be created,
the rule suggested would in effect make the liability just published by the Government are interesting be¬
cause the figures serve to give emphasis to the fact
of> trustee, who assumed only the discharge of duties
of fiduciary administration, co-extensive with that of that our external trade was, in one particular at least,
the principal debtor, who creates the obligation and an exact duplicate of our domestic trade—that is,
was of unexampled proportions.
receives the entire pecuniary consideration.”
In another particu¬
lar
also
was
there
close
The Court of Appeals now takes substantially the
correspondence between the
same view of the liability of the trust company.
The two, namely in that the growth was general and ex¬
opinion in that court is by Judge Hiscock. He points tended all along the line. By this we do not mean
out that there is no allegation in the complaint that- that there were not some articles in which there were
the defendant was in any mannej a party to or re¬ decreases rather than increases, but that the general
sponsible for having the endorsement upon the bonds trend was upward and the expansion was participated
that they were first mortgage bonds or that it in any in by all the leading branches and departments of
trade and business, though in isolated instances there
manner was guilty of fraud or misrepresentation in
connection with said statement, or that it suppressed might be a falling off, for special reasons, of larger or
Both the merchandise imports
any knowledge, or in fact knew, that said bonds were smaller consequence.
not first morgtage bonds.
On the other hand, it is and the merchandise exports considerably exceed the
to be noted, as bearing upon this point, that the reso¬ largest previous figures. As the same statement was
lutions passed by the mortgagor authorizing the exe-* true of the totals for 1905, we have another point of
cution of the mortgage and bonds expressly provided resemblance to the internal trade in The fact that
that the proceeds thereof should be applied to the pay¬ growth has been cumulative and continuous.
As the best way to indicate the. expansion which has
ment and satisfaction of any existing indebtedness of
the company.
Judge Hiscock says if this resolution occurred in our trade with the outside world, we will
had been complied with the prior mortgage would have take the figures of imports and exports combined
been retired when the bonds were issued and the latter before dealing with either one separately.
For 1906
this total trade for the first time reached 3,000 million
would have been in reality first mortgage liens.
Under the circumstances, the question presented dollars, the aggregate being $3,119,172,649.
In 1905
for the consideration of the Court narrowed down to the aggregate trade was $2,806,135,345 and in 1904
the point whether the trust company, solely on account $2,487,227,930.
In two years, therefore, the values
of the certificate which it had placed upon the bonds, of imports and exports combined have risen over 25%.
should be held to have guaranteed the nature and If we extend the comparison further back, the progress
extent of the security therefor, because the Carbonate becomes still more striking.
It was not until 1899
Co. had placed upon them a statement purporting to that the total trade for the first time reached 2,000
be descriptive of the latter.
Judge Hiscock thinks it million dollars, being for that year $2,074,435,381.
would be unreasonable to impose any such liability The 1,000-million mark was reached as early as 1871,
upon the trust company.
The language employed, when the combined trade had a value of $1,033,463,In other words, it took from 1871 to 1899 (28
when interpreted in its natural and ordinary meaning, 187.
simply amounts to a statement identifying the bonds years) to add the first 1,000 million dollars and only
whereon it is written as one of those mentioned in the the seven years from 1899 to 1906, to add the second
mortgage, and the effect of this is an assurance to the 1,000 millions. This shows at what tremendous strides
purchaser that his bonds are among those entitled to the country has been progressing in recent years.
Of course there has been a double influence at work
the benefits and protection afforded by such mortgage.
But the statement does not, upon any reasonable in swelling values in such a tremendous way: not only
construction, in the absence of any allegation of fraud have quantities of imports and exports risen de¬
or deceit, active or passive, make the trustee a guaran¬
cidedly, but in addition prices have advanced—
tor of the quality and extent of the security given speaking of articles of merchandise generally and not
by the mortgage, or responsible for the accuracy of any particular kind or class. Doubtless prosperity
of statements endorsed upon the bond by the in the United States alone would not have sufficed to
mortgagor purporting to describe the nature of bring such a general enhancement of prices. As a
matter of fact, however, prosperity has been world¬
such security.
The Court of Appeals did not think it necessary to wide—in its sweep taking in those two other leading
consider the various clauses found in the mortgage and nations, Germany and England.
That our own imports and exports should have
referred to by the trust company as exempting it from
liability as a trustee. Judge Hiscock said that some further increased in 1906 cannot be deemed at all
of those clauses manifestly refer to duties entirely strange in view of the favorable conditions ruling here.
different from those which would arise in connection The merchandise exports continued to expand because
with the certificate on the bonds and the Court did not of successive large crop yields and the imports were
intend to determine how far such clauses might serve swelled by the activity and prosperity of all industrial
With labor more fully employed at better
to relieve a trustee like the trust company from lia¬ interests.
bility otherwise incurred. It remains to add that all wages than ever before and with everybody making
the judges sitting in the case concur in this opinion, money, consumption of necessaries and of luxuries
namely, Edward T. Bartlett, Werner, Chase and Chief- alike was necessarily promoted. And the fact that
Judge Cullen. Judge Willard Bartlett was not sitting the country’s productive capacity in all lines was ex¬
and Judge Gray was absent.
panding, obviously increased the call for the materials
serious
a
Jan. 26 1907.
187
THE CHRONICLE.
\
production and which had to be drawn outflow is still dependent to a large extent upon the
in larger or smaller extent from abroad.
The further out-turn of the crops—modified, of course, by the
fact that home production in many cases fell far short varying demand for the same by the outside world
of home consumption, notwithstanding the increase in and the crop yields in other leading producing coun¬
said production, made necessary an additional draft tries. The crop situation in the United States during
1906 was, on the whole, favorable to a fair export
upon the foreign markets on that account too.
The value of the merchandise imports for the twelve movement.
The grain yield was large in 1905 and
was
months of 1906 was $1,321,064,694. This compares
again abundant in 1906 and there was no such
wild
with $1,179,144,550 the previous year and with $1,speculation in prices as had prevailed in some
035,909,190 in 1904, when for the first time the mer¬ previous years. It is to be said, however, that, not¬
chandise imports had a value of 1,000 million dollars. withstanding the large grain crops, the grain deliveries
It is necessary to go back only to 1S9S to find a total were small, and this feature was emphasized as the
less than half that for 1906.
In the year referred to year progressed. Whether the reason why grain came
the amount of the imports was $634,964,44S.
In the forward relatively in such a slow way was that given
eight years since then, therefore, we have more than in some quarters, namely that the railroads, because
doubled the imports.
The further addition of 142 of freight congestion, did not supply cars fast enough
million dollars in 1906 is the more noteworthy as it to carry the grain to market or whether farmers as a
was made in face of a considerable falling off, for
matter of policy held back supplies, the fact of a small
special reasons, in certain large items of imports. grain movement remains. In the grain export trade
The details regarding the separate items of imports the year was one of moderate proportions—better than
are not yet available for the full twelve months, but
the two years immediately preceding, which were poor
from the figures for the eleven months to Nov. 30 it is periods in that respect but falling far behind the years
evident that there must have been a large falling off when the grain export movement was of exceptional
in such items as sugar and coffee.
Thus the wheat and flour shipments for the
extent.
The coffee imports show a decrease both by reason twelve months aggregated 127,300,190 bushels as
of a diminution in quantity and a decrease in price. against only 71,788,579 bushels in 1905 and but
Brazil hopes to advance the price of coffee through 64,957,158 bushels in 1904, but as against 161 .'367,104
needed in such
,
,
its valorization scheme but thus far the effort has not
borne the fruit
bushels in 1903 and
212,445,731 bushels in 1902. The
values of the wheat and flour exports for the different
years bear about the same relation to one another,
expected—the price is lower rather
higher than it was six months ago—and consumers
and dealers in this country apparently evince no dis¬ having been $107,549,749 for 1906,against $67,101,166
position to lay in extra supplies in fear of a prospective for 1905 and $61,231,117 for 1904, but as against
than
At all events, for
the imports of coffee
the eleven months to
into the United States
from all Countries were only 727,251,829 lbs., against
805,369,171 lbs. in the corresponding period of 1905
and 987,277,012 lbs. in the same period of 1904.
Values were $62,183,007 for 1906 against $67,902,129
for 1905 and $77,341,993 for 1904.
In sugar the
decline in import values is large and has followed in
great part as the result of the decrease in price. The
importations in quantity (eleven months) were
3,623,221,944 lbs. in 1906, against 3,566,058,529 lbs.
in 1905 and 3,963,836,168 lbs. in 1904; the values
were only $73,834,027 against $99,306,338 in
1905
and $84,053,330 in 1904, the average price per pound
having been 2.04 cents for 1906, 2.78 cents for 1905
and 2.05 cents for 1904. The falling off from the
previous year, it will be seen, was over 25 million
dollars.
There was also a falling off in the imports
of raw wool, apparently because the total had been
advance.
Nov. 30
rather
larger than usual in 1905.
items here mentioned, the
But aside from the
importations pretty
gener¬
ally increased and in many instances increased heavily,
the growth being most marked in the articles most
needed in manufacturing and in industrial pursuits
as a whole—chemicals and hides, for example.
The
imports of cotton manufactures, too, were on an ex¬
tensive scale in face of a considerable decrease in our
At the end of this
give a series of tables, one of which shows
the items of imports and exports where marked changes
appear, and from this- the import movement can be
studied with greater detail.
As to the export movement the agricultural exports
still form a preponderating proportion of the whole.
This is tantamount to saying that our merchandise
exports of cotton manufactures.
article
we
,
i
$134,517,491 for 1903and $165,346,005 for 1902. The
exports were 102,000,000 bushels, which is some¬
what less than in 1905, but there have been occasions
when the corn exports for the twelve months reached
200 million bushels.
Low prices have tended further
to increase the disparity in values.
The breadstulfs
exports, as a whole, were valued at $189,180,400 for
1906,against $154,300,630for 1905 and only $98,307,218 for 1904, but as against $200,012,362 for 1903 and
$276,404,299 for 1901. Thus, in the case of these
breadstuffs exports, the year 1906 was only of fair
corn
extent.
In the matter of cotton, on the other hand, the
state of things was reversed.
Here there was another
large increase on top of noteworthy increases in the
years preceding.
The better price received for the
staple was the cause of the further expansion; in quan¬
tity the shipments fell below the exceptional total of
the year preceding, reaching only 7,448,712 bales,
against 8,009,374 bales in 1905. The average price,
though, was 10% cents per pound in 1906, against only
9J/2 cents in 1905. The 1906 yield of cotton was very
good but this did not cut any great figure in the export
movement until the last three months.
The previous
season’s yield had been small and that circumstance con¬
trolled the export movement for the first nine months.
On account of the higher price the reduced amount of
cotton exported had a value of $413,105,720 in 1906
as against $392,600,644 in 1905.
As *to the other leading staples, the exports of pro¬
visions also were higher in value for 1906 than for
1905, but whether a continuance of this condition in
the case of that branch of the export trade can be de¬
pended upon would seem to be a matter of doubt.
The allegations against the beef-packing concerns and
188
THE CHRONICLE
the bitter attacks made upon them in Congress during
the period of the discussion preceding the passage of
the Meat
Inspection Bill have left
[VOL. LXXXIV
YEARLY TRADE BALANCE.
1906.
S'
1905.
1904.
1902. ^
1903.
Excess o1—
S
S
$
8
Merchan. exports..477,043,261 447.846,245 415,409,550 489.258,756 301,369,063
Silver exports
14,683.444
21,573,967 24,048,203
16,635,834
22,870,019
deep impression
Total
-...491.728.705 469,420,212 439,457,753 505,894,590 414,239,082
foreign countries, and in the closing months of the Gold Imports.
10.v490.369
3,498.938 a36.40S.593 20,920,862
8,162,726
Grand total
year many items of the meat exports were showing
.382.73S.336 465,921.274 475.866,346 4S4.973.72S 406.076.356
Excess
of
exports
large decreases as compared with the corresponding
dates of the year preceding. The cattle and live-stock
On the face of the returns there, still remained an
shipments actually record a decline for the twelve excess of exports for 1906 of $382,000,000 after the
months as a whole.
With reference to the petroleum large gold imports.
How much of this would be left
exports, these also have risen to still higher figures. unliquidated after allowing for freights, for interest
The further expansion followed both as the result of on American securities held
abroad, for undervalua¬
another gain in the volume of the shipments and of tion of imports, for overstatement of the values of
better prices.
In value the petroleum exports for exports and the various other items that have to be
the twelve months were $85,300,400 in 1906, against taken into account in any such general
reckoning we
will
not
undertake
to
$79,640,929 in 1905, and in volume the shipments
say.
were 1,181 million gallons, against 1,165 million
As
a
matter
of
record
and for the convenience of the
gal¬
lons.
reader, we append several additional tables which
From what has been said it will be seen that the have been drawn upon very largely in the statistical
a
in
1079811
situation
was
that there
increase in the
export
values in the case of each one of the four leading sta¬
ples. But that is not all. There was at the same
time an increase in the exports in general.
One ex¬
ception to this statement must be made. The ship¬
ments of cotton manufactures fell off, owing in the
main to the decreased demand for American goods
was an
in China and the East.
Even the iron and steel
ex¬
ports increased heavily, notwithstanding the extra¬
ordinary consumption of iron and steel at home and
the fact that domestic manufacturers
finable
were
keep up with the demand. The iron and steel ex¬
ports in 1906 were about $29,000,000 higher than in
1905 and $39,000,000 higher than in 1904.
To indi¬
cate the changes from year to year in the export ag¬
gregates of the leading staples and the relation of these
changes to the merchandise exports as a whole, we in¬
troduce here the following table, covering the figures
to
for the last six years.
EXPORTS OF LEADING PRODUCTS FOR SIX CALENDAR YEARS.
Exports.
1906.
1905.
$
$
1904.
!
$
j
1903.
1902.
$
$
a
references and illustrations contained in the remarks
above.
MERCHANDISE EXPORTS AND IMPORTS (CALENDAR YEARS.).
Calendar Year.
Exports.
S
403.586.010i
460.352,088
468,837,948
567,757,867
569,872,553
510.947.422
590,666,629
620,302,412)
737,091,973:
1S70
:
1872
1873
1874
1875
1876
1877
1878
1879
1880
1881
1882
1883
1884
1885
1886
1887
1888
1S89
1890
1891
1892
1893
1894'
1895
1896
1807
1898
1899
1900
765,159,S25j
.J
I
749,366,428!
j
688,249.798]
1
713,347,290!
715,212,840
691,620,852,
827,055,750
855,399,202
970,265,925
|
;
938,020,941
875,831,848
825.102,2481
I
824,860,136
11 .005,837,241
1 .099.709.045]
G ,255,546,266
II ,275,467,971!
<1 ,477,946,1131
! 1 ,465.375,860,
1902
1903
1 ,360,685,933
1 .484,753,083j
1 .451,318.740 I
1 .626,990.79511
1905
1906
!l
$
Cotton
413,105.720 392.600.644368.839,188378.635,778 290,491.225 300,085.383
Breadst’lTs 189,180,400 154,300.630 98,307,218'200,012,362 195.711,992 276,404.299
795.209,316]
j
Excess.
Total Trade.
$
$
461,132 ,058 Imp. 57.546.04S
864,718,068
573,111 ,099! Imp. 112.759,011 1,033.463,187
655.964 ,699j//«/>. 187.126.751 1.124.802,647
595,248 ,04 8 j Imp. 27.490.181 1,163,005,915
562,115 ,907 'Exp.
7.756,646 1,131,9SS, 460
503,162 ,936|A’z/7.
7.784,486 1,014,110,358
427,347 ,165 \Exp. 163,319,464 1,018.013,794
480,446 ,300| Exp. 139,856.112 1,100,748,712
431,612 ,383 Exp. 305.179.590 1.168,704,356
513,602 ,796\Exp, 251,557,029 1.278,762.621
696.807 ,176
192.876.246 1,5S6,490,598
670,209
163,339,679 1,503,758,575
752,843 ,507\Exp. 15,138,439 1,520,825.453
687.066 ,2lC)\Exp. 108.143,100 1.482.275.532
629,261 ,8C)0 Exp. 120,104,568 1,378,628.288
587,868 ,673 Exp. 100,381,125 1.276,118,471
660,S93 ,58 rvEzp. 52,453,704 1,374.240,870
704,576 ,343\Exp. 10,636.497 1.419,789.183
719,484 .880 Imp. 27,863.828 1.411.105.532
762.884 ,881 Exp. 64.170.869 1.589,940,631
814,909 .575 j Exp. 40.489.627 1,670,308,777
818,364 ,521 Exp. 151,901,404 1.788,630,446
830,490 ,1411 Exp. 107.530,800 1,768.511,082
766.239 ,846! Exp. 109,592,002 1,642,071,694
676.312 .941] Exp. 14S.7S9.307 1.501.415,189
801,669 ,347 'Exp. 23.190.7S9 1.626,529,483
681.579 ,bbQ>\Exp. 324.257.685 1.687,416.797
742,595 ,229,Exp. 357.113,816' 1.842.304,274
634.964 ,448\Exp. 620,581,818 1,890,510,714
798,967 ,410\Exp. 476.500.561 2.074,435,381
829,149 ,714 Exp. 648,796,399 2.307,095,827
880,419,,910 Exp. 584.955.950 2.345.795,770
969.316, 870\Exp. 391.369,063 2,330,002,803
995,494, 327 i Exp. 489,258.756 2.480.247,410
.035,909, 1901RT/?. 415,409,550 2.487,227,930
.179,144, 550] Exp. 447,846,245 2,806.135,345
.321,064,,694\Exp. 477.043,261 3.119,172,649
\Exp.
,448\Exp.
889.683.422
833,549.127!
767,981.946:
!
....I
1904
1901.
Imports.
.798,107.955!!
...
ProVns<fec!208,697,900 190.600,703:166.164,404! 181,470,994 182,628,790 206,931,309
Cattle,sh’p,
and hogs.
39,472,470! 42.974.9351 43,646,211 3S.932,402! 25.841,639 39,290.067
PetrTm&c! 85.300,400' 79.640,929 S0.624.207 72.628.539 68,597,143 72.7S4.912
;
1—
:
1
1
Total756.990860,117.841 757,5S1,228 S71.686,075 703,276,525 896.395.970
j
!
I
!
I
exports'862.350,965 766.872,954,693,727.512 613,067.008:597,409.408 568.979,890
All other
—
Total..
.
j
170S 107 955 1026990
:
;
'
It will be
1
795i 1451308 740 1484753 0S3* 13606S5 933:1465375 860
1
from the
foregoing that the greatest
gain has been in the general exports. Comparing 1906
with 1901, the value of the shipments of the five sta¬
ples given has increased from $S96,395,970 to $935,756,990, but the “all other exports” in the same in¬
terval have risen from $56.8,979,890 to $862,350,965.
Notwithstanding the increase in the imports, the
seen
trade balance in favor of the United States for 1006
was in excess of that for either 1905 or 1904 .the com¬
parison being $477,043,261, against $447,846,245 and
$415,409,550. A much larger proportion, however,
than usual was liquidated by shipments of gold to the
United States. The net import of gold for the twelve
months reached no less than $108,990,369, against
net imports of the metal in 1905 of only $3,498,938
and a net gold outflow in 1904 of $36,408,593.
Com¬
bining the merchandise exports with the gold move¬
ment and also adding on the silver movement, we get
the following comparative results with reference to
the trade balance
as a
whole.
BREADSTUFFS AND COTTON EXPORTS FOR CALENDAR YEARS.
1906.1905.
1904.
1903.
1902.
Wheat and flour—
Pi
Bushels.... 127,300,190
71.78S.579
64,957,158
161.367.104 212.445,731
Values
§107,549.749 867.101,166
$61,231,117 $134,517,491 $165,346,005
Wheat, av.price
82 9-16c.
S3 He.
78'*c.
SO'iJc
P75c.
Flour, av. price
$4 OS
$4 40
$4 37
S3 85
$3172
Corn—bushels 102.469.086
111,265,931
46,498,607
91.732.780
18,723,960
Values. $52,813,609
$60,154,326
$25,257,143 $49,135,007 $11,567,976
Av. price..
54c.
54 5-16c.
51MC53 9-16c.
61**c.
Oats—bushels
25.480.162
28,822.001
1.220,134
1.494,857
5.976,703
Values.
$9,334,865
$9,960,006
$512,684
S617.745
$2,552,962
Av. price..
36 s Sc.
34 9-16c.
41 15-16c.
41 5-16c.
42 11-16C
Cotton—bales
7,448,712
8,009,374
6.561.643
7.093.436
6.687.441
Av. price..
10 15-16c.
10 7-16c.
10»* e.
9ljC.
8'^c.
-
EXPORTS
MONTHS
11
Exports—
Agricultural Implements
.
_
.
.
_
.
.
.
Iron, steel, Ac
Leather, Ac
*.
.
Naval stores
Oil cake and oil meal
.
.
Oil, vegetable
paraffin
.
-
.
wax
.
—
.
Tobacco, not Incl. manufactured
Wood and manufactures
IMPORTS 11
_
.
33,709,991
18,644,68 7
21,335,597
13.808,084
7.644,255
13,689.132
29,908,314
70,856,713
1906.
$70,186,684
Copper—ore and retrulus
Copper—pltr. bars. Introts
8,663,628
62.183,007
6,398,036
27,685,803
Cotton
61
Fertilizers
12.657.523
4,052.529
or cacao
manufactures—
Earthen, stone and china ware
,323,250
Flax, hemp. Ac.—unmanufactured 34.011.949
Flax, hemp, Ac—manufactured.. 55,080,126
Fruits and nuts
29,761,742
Furs and fur skins
Glass and glassware.
.
Hats, bonnets, lioods, Ac
Hides
.
1905
1904.
$20 ,444 .747
2 ,499 010
4 ,089
104
77 .717
51 .411
13 .24 7
6 ,401
770
943
128 944
35 527
16 ,270
317
.400
804
922
272
202
252
168
643
,567 22?)
15 ,475 844
7 .1 10 978
2_ 606 139
25 ,317 53.0
54 .239 776
18
$20,758,075
1 .682,994
2,010,589
68.005,169
29.397,854
3 6.105,050
4.705,922
2,392,612
3,936,501
1 18.154,305
32,029,568
15,233,696
16.11 9,852
1 1
.725,950
7,538,641
1 ,751 .996
29,479,457
56.906.519
MONTHS ENDING NOVEMBER 30.
Imports—
Chemicals, Ac
Coal
Cocoa
Coffee
$22,479,957
4,167,032
5,847,857
81,366,924
40.255,815
12,312,224
7,270,961
1,709,321
3,312.483
.157,755.316
.
_
...
Paraffin and
Seeds
NOVEMBER 30.
1906.
Automobiles
Cars for steam railways.
Copper, not Including ore
Cotton manufactures..
Fruits and nuts
Furs and fur skins
Hides and skins
Hops
ENDING
-
-
-
...
20,960,709
7,125,403
5,153,339
78,179.840
1905
$63,501
3,392
7,883
67,902
5.075
1904.
,482
,042
.343
,129
77B
20,305 ,896
48,631 ,989
11 ,378 ,263
4,018, ,858
36.625,,127
40,832,,173
24.676 .721
18,967,,169
5,935,,922
3,660, ,534
67,772,,211
.
$58,086,068
3,579.054
8,154,204
77,341 ,993
3.874,407
16.631 ,288
42,090,834
10.965.679
3,454,064
32,946,799
35 .829,185
22,390,927
14,603,467
5,470,921
3.823.709
52 .690.046
Jan. 23
1907.]
THE CHRONICLE
1906.
$49,069,35S
30 ,S40,473
40,559,040
16,427,538
14,276,139
50,256,557
31.241.S07
73,834,027
India-rubber
Iron and steel
Jewelry, diamonds, etc
Leather and manufactures
—
1905.
1904.
$46,387,656
the end of the year are
$40,046,711
19,946,081
25,966,753
10,008,579
10,141,877
50,830,936
27.878.44S
81,053,330
15,212,272
20,626,476
15,073,676
26,136,046
20,141,2S0
14,609,410
23,912,947
34,860,893
11,250,274
11,746,413
51,299,230
30,674,895
99,306,33S
13,086,688
24,591,953
17,162,460
29,624,129
44,559,379
19,541,544
11009911
Oils
Silk—raw,
&c
Silk—manufactured
Sugar
12,738,454
Tea
Tin
33,262,906
24,792,304
37,417,726
35,695,684
20,728,188
—
_
Tobacco—unmanufactured
Wood and manufactures of
Wool—unmanufactured
Wool—manufactured
-.
.
_.
1
GOLD.
SILVER.
1
P Year
Ending
Dec.
Excess of
I
.
Exports.
Imports.
Exports { + ) or
Imports(—).
3l!
Exports.
Imports.
Excess of
Exp'rts( + )or
Imports(—).
$
1870..
1871
1872
1873..
1874..
1S75-.
1876..
1877
187S-.
1879
1880..
1881..
1882..
1883
1884-.
1885..
1886..
1887..
1888..
1889..
1890
-•
..
53.103.745
44.915,975
06.638.125
25.496.118
43.149.091
53.413,947
31.231.739
10.430,561
5.841.948
11.113.290
20,537.254
IS.982,638
8,655,948
11.629.6551
+ 42,673 ,lS4j27 .846 ,083 15,259 .1991 + 12.586.884
+ 39.074 ,027:32 .524 ,495 10,962 .4671+21.562.028
+ 57,524 .835 32 .048 ,799 10.068 .714; +21.980.0S5
+ 4,958 864:38 ,076 ,207
9.212 ,1851 +28.S64.022
7,422,806;
14.338.7S9
23.673.291
10.477.859
4,115i446 78,767,941
3.062.459 73,644,698!
2,603,543 60,398,620,
38.721.079
13,402,528!
6.048,770 22,055,961;
40.948.246 27.957,657!
11.417.207 23,645,311!
41.283,222 41,309.835i
9,144.426 44.903,327|
34.526,447 11,034,074
50.935.412 12.061,520
24.063,108 20,379,456
1891
77,093.065 45,203.377
1892..
76.545,328 18.165,056
1893
79,983,726 73.280.575
1894.. 101,849,735 21.350.607
1S95
104.967.402 34,396,392
1896..
58.256.890 104,731.259
1897
34.276.401 34,022.812
1898
16.194.954 158,163,952
1899..
45,379.411 51,334.964
1900
54.134,623 66,749.084
1901..
57.7S3.939 54.761,880
1902..
36.030,591 44.193.317
1903 .'.
44,346.834 65,267,696
1904.. 121.211.827 84.803,234
1905..
46.794,467 50,293,405
1906..
46,560,397 155,550,766
..
-.
..
..
..
..
..
..
189
+ 35.726 ,285:29 ,577 ,984
7,830 .998!+21.746.986
+ 39,075 ,158:25 ,889 ,567 8.547 .357! + 17.342.210
+ 7.558 .448:25 122 ,736 10.79S .043 i + 14,324,693
+ 7,352 .983 j 29 ’,336 ,929 12,141 .5601 + 17.196.369
1,821 .OllilS ,209 252j 18.389 ,884;
—1S0.632
—74,652 ,495 21 .701 552114,425 ,017; +7,276,535
—70.582 .239! 12 ,983 442 11,631 .025
+ 1,352.417
—57,795 .077'17 .063
8,595 ,645 + S,467,629
+ 25.318 ,551 17 ,317 .055 9,098 .385
+ 8.218.670
—16,007 101 i25 ,794 ,670 14.153 .3571 + 11,641,313
+ 12,990 ,589,29 .563 ,748 15,504 ,777 +14,058.971
—12.228 .104,33 .280 ,542 17,772 ,718;+ 15,507,824
—26 ,613 27 ,112 ,707 19,758 ,414' +7,354,293
—35,758 ,901 27 .733 ,192 21.000 .721; +6,732,471
+ 23,492 .373 30 ,020 ,603 21.761 ,359! +8,259.244
+ 38,873 892
.742 .875 26,799 .458! + 13.943,417
+ 3.6S3 ,652
.609 ,101 30.764 ,904: —2,155.803
+ 33.8S9 ,688
.930 ,116 27.915 .905;
+14,211
+ 58,380 ,272
.362 ,281 31,452 956 +4,909.325
+ 6,703 151
,357 ,748 27.765 696 + 18,592,052
+ 80,499 128 47 .245 ,807 17,633 594 + 29.612,213
+ 70,571 ,010 54 .211, ,086 24,373 347 + 29,837.739
—46,474 ,369164 .056 ,741 30.279 740 + 33.777.001
+ 253 ,589I5S ,661 ,292 33.082 302 + 25,578,990
-141,968 ,998153 ,797 ,104 29,131 380 + 24.665,724
—5,955 ,553 53 .461 ,737 30,843 929 + 22,617,808
—12,614 ,461166 ,221, ,664 40.100 343 +26,121.321
+ 3,022 ,059i55 .638 ,358 31.146 782 + 24,491.576
—8,162 ,726149 .272 ,954 26,402 935 + 22.S70.019
—20,920 ,862! 40 .610 ,342 23.974 508 + 16,635,834
+ 36.408 ,593150 .135 ,245 26,087 042 + 24.048,203
—3,498 ,938|57 .513 ,102 35,939 ,135 + 21,573,967
-108.990 ,369 59 ,036, ,340 44,350 896 + 14,685,444
placed at 1,106,000 bales, or
than
more
they stood at the opening.
In the above compilation the results for 1906 only
are presented; to
bring out clearly the relation the 1906
figures bear to those for previous years, we have pre¬
pared the following, which covers the period from 1S97
to 1906, both years included:
191,000 bales
i Spinners I
Bales of 500
lbs. Each.
Great
1906
1905
1904
1903
1902
1901
1900
1899
1898
1S97
Stock
Jan. 1.
|
i
*
j
..
...
...
i
I
!
|
!
|
1900
1899
1898
1897
,
Supply.
:
Britain.
.
Continent—
1906
1905
1904
1903
1902
—
[.Sp-J
niters’ Weekly
Con sumpStock
Consump¬
!
tion.
lion,
j Dec. 31.
,
! Takings.
j
!
J
...!
!
All Europe—
1906
1905
1904
1903
1902
i
I
|
1900
1899
1898
1897
.._!
j
330,000 3,890 ,000 4,220 ,000 3 ,779,0001
264,000 3,764 .00014,028 ,000! 3 ,698,000;
260,000 3,138 ,00013,398 ,00013 ,134,000
254,000 3,150 ,000'3,404 .000:3 ,144,000:
140,000 3,378 ,000|3,518 ,000|3 ,264,000
238,00013,211 .000 3,449 ,000! 3 ,309,000
172,000 3,310 ,000'3,482 .00013 .244,000
199,00013,479 ,00013,678 .00013 ,506,000
97,000! 3,573 ,00013,670 ,000 .471,000
111,000 3,236 ,00013,347 ,000
,250,000
264,000
260,000
254,000
140,000
238,000
172,000
199,000
97,000
585,000 5 ,384,000 5 ,969,000
,304,000
433,000 5 326,00015 ,759,000
,174,000
584,000
997,000:5 581,000
,148,000
430,000
,302,000 5 732,000 ,148,000
402,000
955.00015 357,000 4 ,927,000
260.000
770,000 5 030,00014 ,628,000
459,000 4 338,000 4, 797,00014 ,537,000
4 69.000'4 774,00015 24 3,00014 ,784,000
252,000 4 897,000 5, 149,00014 ,680,000
298,000 4 387,000 !4, 685 .000 4 ,433,000
665,000
585,000
433,000
584,000
430,000
402,000
260,000
459,000
469,000
252,000
102,000
99,500
99,000
99,000
94,75}
89,000
87,250*
,106,000
174,673
170,615
159,629
159,461
915,000
697,000
844,000
684,000
542,000
498,000
631,000
668,000
349,000
409,000
9,274 000 10189 ,000 9 .083.000
9,090 000 9,787 ,000 8 ,872,000
8,135 000 8,979 ,000 |8 ,282,000
8,452, 000 9,136 ,000 8 ,292,000
8,333, 000 8,875 ,000i8 ,191,000
7,981 000 8,479 ,000
,937.000
7,648 000 8,279 ,000
.781,000
8,253, 000 8,921 ,000
.290.000
000
8,470
8,819 ,000
,151,000
7,623 000 8,032 ,000
,683,000
441,000
72,673
71 ,115
60,629
60,461
62,769
63,635
62,385
67,423
66,750
330.000
915.000
697.000
844,000
62,500
92,000
90,000
85,250
684,000
157,520
542,000
498,000
631,000
152,635
149,633
668,000
159,423
156.750
349,000
147.750
Official returns from the mills of Great Britain made
public since the close of 1906 confirm the periodical
reports of the profitable nature of the year’s operations.
Note.—For years 1886 to 1906 inclusive the figures embrace sold and silver in
At the same time, the aggregate profit of all the estab¬
•re; in the years preceding both were included in the merchandise movement.
lishments making returns has not been as great as in
the preceding year.
It is satisfactory to state, how¬
COTTON SUPPLY AND CONSUMPTION IN
ever, that all mills shared in the profits recorded.
Our cable states that 104 companies in the Oldham dis
EUROPE.
Mr. Ellison’s “Annual Review of the Cotton Trade trict exhibit an aggregate profit of £692,343 in 1906,
for the Year 1906” was issued in Liverpool on Wednes¬ or an average of £6,657 per mill, against a profit of
day of the current week, and the cable brings us all £7,780 per mill in 1905, only £275 in 1904 and a loss
of £658 per mill in 1903.
The showing made by the
the results of interest given therein.
Wev have re¬
ceived, as usual, not only the statistics of supply and Oldham mills since 1891 has been.as follws:
ComProfit +
Prof it or l.uss
consumption for the calendar year 1906 and the first Years—
Loss
panics.
per Mill.
1906
104
+ £692,343
+ £6,657
three months of the new-crop season, but also such 1905
96
+ 746,913
+ 7,780
1904
104
or
—.
estimates
as
...
Mr. Ellison furnishes for the full'season
1903
1902
1901
1900
1899
1898
1897
1896
1895
1894
1893
ending October 1 1907. The actual figures of spin¬
ners’ takings, consumption and stock in GreatBritain
and on the Continent for 1906, in bales of 500 lbs.,
have been
follows:
as
SPINNERS’ TAKINGS, CONSUMPTION
In 500-lb. Bales.
Stocks January 1 1906
;
Supply
Consumption
Weekly consumption
.
10189000
.
.
{5,304,000
9,083,000
.
i
441,000!
!
72,673
preceding year, having been 72,673 bales oL500lbs.
each in 1906, or a gain of 1,558 bales
per week over
1905 and an increase of 12,044 bales per week over
1904. Continental consumption,
however, shows an
augmentation over the 1905 rate of 2,500 bales,
being at the rate of 102,000 bales per week. For the
whole of Europe the 1906 average
weekly rate, and
consequently the total consumption, exhibits a satis¬
factory
excess
earlier years.
over
1905 and
a
i
at
86
78
70
...
.
.
.
.
...
.
..
.
.
79
92
95
93
93
90
+ 292,861
+ 343,699
+ 231,518
+ 147,724
+ 46.772
+ 63,329
—15,837
—72,768
—
101 .4 34
+ 275—65K
+ 275
+ 3,674
+ 3.415
+ 4,406
+ 3,307
^
+1,857
+ 508
+ 667
177
—782
—1 .127
—
unimportant, but in 1905 a gain of 1,000,000 spin¬
dles was reported by Mr. Ellison.
In the year just
closed, however, the augmentation of spindles has
been on a comparatively radical scale.
New estab¬
lishments using Egyptian cotton exclusively, with
approximately 2,000,000 spindles, have started in full
or in part, and in new mills
using American cotton
about 1,500,000 spindles have got fully or partly to
work.
But even these important additions are not
a full measure of the
increase, as mills are now being
erected with a further capacity of over 3,000,000
spindles, of which two-thirds are to be used on Ameri¬
|
can
decided gain^over
Surplus stocks at all European mills
88
+ 28,611
—57,925
+ 24,727
+ 323,331
or
174,673
It .will be observed that the average
weekly consump¬
tion of the mills in Great Britain is greater
than'inany
90
of years up to and including 1904 the yearly addi¬
tions to the number of spindles were strictly moderate
665 000 1,106,000
102,000
88
.
A feature of the year in Great Britain In is been the
decided increase in spinning capacity.
For a number
Total.
4,220,00015,969,000
-
...
1892
1906.
330.000i 585,000 915,000
3,890,000 5,384,000 9,274,000
3,779,000
-
1907
IN
Gl. Brit'n.iContinenl
Takings
Stocks January 1
AND STOCKS
.
cotton.
We have also received
of
separately by cable the figures
takings, consumption, <fcc., for the last three months
190
THE CHRONICLE.
of the calendar year 1906.
Those three months are
the first quarter of the current season, beginning with
| V OL. LX XXIV.
,
spinners’
takings in actual bales and pounds have been as
follows:
1 to Jan.
Great
1.
Britain.
Continent.
i
For
1906.
Takings by spinners
Average weight of bales
Takings in pounds
For
1
Total.
i
\
bales
lbs.
1,144,000
1905.
496.5
490
577,720,000
736,960,000]
1
,314,680,000
!
i
Takings by spinners
Average weight of bales
Takings in pounds
2,648,000
1,504,000;
505
1 ,038,000
499
bales
lbs.
1 ,308,000
488
517,962,000
According to the above, the
j
2,346,000
492.9
638,304,000: 1,156,266,000
!
weight of the
pounds per bale this
season, against 499 pounds during the same time last
The Continental deliveries average 490
season.
pounds, against 488 pounds last year, and for the
whole of Europe the deliveries average 496.5 pounds
per bale, against 492.9 pounds last season.
Our dis¬
patch also gives the full movement for the three months
this year and la4t year in bales of 500 pounds.
average
deliveries in Great Britain is 505
1906.
Oct. 1 to .fan. 1.
Bales of 500 lbs. Each.
Great
Iirlt’n.
Spinners’ stock Oct. 1
Takings in OctoberTotal supply
Consumption Oct., 4 weeks
Spinners’ stock Nov. 1
Takings in November
_.
.
...
Total supply..
1905.
Conti¬
Great
Conti¬
Brit'n.
nent.
Total.
nent.
253
254
556
297
809
256
551
274
62 1
358
507
296
853
1,360
420i
716
530
296
979
404
211
391
433
503
644
234
894
365
575
442
Total.
877
632
1
,509
The
602
296
936
Spinners’ stock Dee. 1__
Takings in December.
306
510
516
674
420
1
,538
716
599
296
1 .017
404
303
613
477
1
700
the
in the
,616
700
course
and character of the returns of railroad
earnings at the present time are well indicated in the
compilations we present to-day for the month of No¬
vember. With $9,573,502 increase in gross earnings,
the gain in net earnings amounts to only $1,559,127.
Two features in this exhibit -attract attention: (1)
the gradual shrinkage in the amount and ratio of the
improvement in gross and (2) the growing magnitude
of the augmentation in expenses, which is serving al¬
most to extinguish the improvement in the net.
In
the case of many separate roads gains in gross have
actually been attended by losses in net, and the same
is true with respect to certain groups of roads.
The situation appears to be that comparison is now
with very large totals of earnings, and the railroads
are no longer able to maintain the
exceptionally heavy
ratios of gain previously shown, while at the same time
cost of labor and materials and supplies and all things
that enter into the operating accounts of the railroads,
are steadily increasing.
Worst of all, the railroads
are so
handicapped^with a volume of business in excess
of their ability to handle that they no longer find it
possible to transport freight with due economy, in
case
of the Great Northern and
some
other roads
section of the country (which,
not included in our presentation of net
....
Consumption, Nov., 4 weeks.
NET EARXIXGS
S
809
807
AXD
FOR NOVEMBER.
For those three months the
October 1 1906.
Oct.
RAILROAD GROSS
are
same
however,
earnings,
since the roads referred to do not furnish
monthly re¬
397
874
ports of their net), the whole freight schedules were
Total supply
816
700
2,006
1,190
1,090
1,790
entirely derangedjand congestion of freight increased
375
900
505
525
370
875
Consumption Dec., 5 weeks..
by the hurrying through of coal trainsYn passenger441
665
1.106
33(1
585
915
Spinners’ stock Jan. 1
train schedule to relieve the fuel scarcity which devel¬
The comparison with last year is made more, striking oped in the Northwest.
There was a large falling off
by bringing together the above totals and adding the during November in the Western grain movement,
average weekly consumption up to to this time for the but this has itself been attributed to the failure of
.
.
..
822
1,184
916
the,roads to furnish
two years.
cars
for the purpose in sufficient
number—with what truth cannot be said with great
1906.
Oct. 1 to Jan. 1.
Bales of 500 lbs. each.
000s omitted.
1905.
Great
Conti¬
nent.
Brit'n.
Spinners’ stock Oct. 1
Total.
Great
Brit'n.
253
556
809
256
Takings to Jan. 1
1,155
1 ,474
2.629
1,036
Supply
Consumption, 13 weeks
1 ,408
2,030
1 .365
3,438
1,292
967
2,332
441
605
74
74
105
105
105
.
HiSpInncrs’ stock Jan. 1
Week In Consumption,
000s omitted.
In October.
In November
In December
...
...
.
The
is
.
..
75
certainty.
Conti¬
nent.
Total.’]
621
1 .277
2,313
962
1 .898
1 ,313
3,190
2,275
1,106
330
585
915
179
74
74
74
101
101
101
175
175
175
1 79
180
877
foregoing shows that the weekly consumption
180,000 bales of 500 pounds each, against
175,000 bales of like weights at the corresponding
time last year.
The total spinners’ stocks in Great
Britain and on the Continent have increased 284,000
bales during the month and are now 191,000 bales
On the other hand, Southern roads were
favored with a large increase in the cotton movement.
The same roads had a still further advantage in the
fact that a number of them were comparing with
diminished earnings the previous year-, the yellow fever
quarantines at that time having served to curtail the
traffic and revenues of such lines.
Yet it is precisely
these Southern roads that make the poorest showing
as to net.
The Southern group collectively has $1 ,367,765 gain in gross, with $696,704 loss in net.
now
more
than at the
same
date last
:
November.
1906.
1905.
Inc.
or
Dec.
1906.
1905.
Inc. or Dec.
S
8
S
$
S
s
Gross 140,697.123 131.123,621 + 9.573.502 1 ,425.356.448 1,273,179,382 + 152177066
Exp
92,631 ,S3G 84,617,461 + 8.014.375 962,099.390 871,510,107 +90,589,283'
.
Net.
48,065,287
season.
According to our cable, Mr. Ellison revises the
figures given last October of estimated requirements
for the season of 1906-07, increasing his previous total
January 1 to November 30.
(92 roads.)
(97 roads.)
W e need
46,506.100 + 1.559,127
hardly
463,257,058
401,669,275 +61,587,783
that United States railroads
previous year showed
very important gains in both gross and net, notwith¬
to the extent of 306,000 bales of 500 lbs. each.
The
standing the embargo on traffic occasioned by the yel¬
revised estimate is as follows:
low fever quarantines'.
Our statement for November
Estimated
Actual
Actual
1905 indicated $12,412,497 gain in gross, or 10.28%,
1906-07.
1905-06.
1904-05.
Bales.
Bales.
Bales.
and $5,187,518, or 12,28%, gain in the net.
Requirements—Ordinary bales
More¬
American
-'...
..12,371,000
11 ,967,000
11,768,000
East Indian..
1.400.000
1,288.000
872,000
over, these gains themselves followed large gains in
900,000
Egyptian
821,000
815,000
the same month of preceding years, though the
Sundries
325,000
459,000
199,000
course
Total requirements.
of the net was not always the same as that of the gross,
14,996.000
14,529,000
13,660.000
489.7
Average weight
4S4.3
495.2
as will be seen from the
Requirements, bales 500 lbs
..14,6S7,O00
14,072,000
13,528,000
following comparative exhibit.
as a
say
whole in November of,the
sM-
Jax. 26
1907.]
Earnings.
Gross
Year
Given.
Y'ar
THE CHRONICLE.
Xcl Earnings.
Year
Increase or
Decrease.
Preceding.,
Nov.
S
55,297.917
1-90
1S97
72 „s 15.0,SI
79.080.054
189S
73,002.397
1S99
1900
91.073.048
107,709,028
1901
1902
100,144.534
1903
115,874,019
1904
120.357,902
1905
133,104,559
1900
140,097.123
Jan. 1 to Nov. 30.
1S9G
504,095.904
189;
033,504,53S
-1898
735,547.908
1899
681,000.535
1900
S77.119,270
1901
994,231,040
1902 1.058,435,182
1903 1.087,590.350
1904 1,163-,235.784
1905 1.247,193,585
1906 1,425,350,448
.8
Year
Given.
S
—5.839,104
4-10.S37.200
4-2,470,037
4-7.190,395
4-3.349,032
r 12,150.951
4-0,500.440
4-4,571,248
4-11,249,088
01,137,OS 1
01.97S.4S1
70,010,017
05.872.002
87.724.010
95,018.077
99,038,088
111.303,371
115,108,874
120.092.002 4-12,412,497
131,123.021 +9,573.502
Increase'or
Preceding.
Decrease.
IS,853,228
27,505,524
22,275,149
21,737,851
2S .954.044 2S,533.158
27,490,343 24,882.030
33,744,105 33,154.551
40,029.133 35.200,311
30,051.175 30.992,904
38,380,032 38,902,778
44,280,359 37,588.510
47,419,701 42.232.243
48,005,287 40,506,100
—3,421,921
+ 5,827,073
+ 421.480
+ 2,014,307
+ 589.014
+ 5.428,822
—941.729
—582.146
+ 6,091,843
+ 5,187,518
+ 1,559,127
503.709,190
+920.774 174.431.951 17S,372.072
-3,940.121
597.988.354 +35,570,1S4 210,782,490 187,835,810 +22,940,674
083,252.740 +52,295.102 241,191,852 222,7.39 230 +18.452,010
019,793,659 + 01.200.870 230,055,373 209,723,244 + 20.932,129
798,066.253 + 78,453,017 296.526,203 27.3,046.379 + 23.479,8.84
893,007,954 + 101223 080350,833.800 302,501.850 + 48,331,950
1,002,155,439 +50.279.743 343.306,800344,012,609 —1,245,803
901,094.002 + 120495 748 350,003,286314.107,042 +35,950.244
1.158.530.807 +4.704,917 30S,347,207 372.977,847 —4,030.040
1,152.178.758 +95.014.827 394.535,775 367.154,200 +27,381.569
1,273,179,382 + 152177000403,257,058 401,009,275 +01,587.783
Note.—In 1890 the number of roads Included for the month of November was
127;
n 1897, 134;
in 1898, 130: in ls99, 122; in 1900, 122; in 1901, 109; In 1902, 107;
in 1903. 100: in 1904, 102; in 1905, 90;'in 1900, 97.
From Jan. 1 to Nov. 30 1896
the number included was 117: in 1897, 123; in 1898. 100: in 1899,
113; in 1900. 122;
in 1901. 99; in 1902. 104: in 1903, 98; in 1904, 98; in 1905, 91; in
1906, 92.
We
no longer include the Mexican roads or the
coal-mining operations of the anthracite
coal roads in our totals.
In the
of the separate
roads, the characteristics
already noted stand strongly revealed. The reader
will understand that by this we mean that where
there is large improvement in the gross it is often at¬
tended with a very small improvement in the
net,
and not infrequently with actual decreases in the net.
As types, the Pennsylvania Railroad on its Eastern and
case
Western lines combined shows $1,137,200 increase
in gross with $2,700 decrease in netj the Illinois Cen¬
tral with $-42,275 increase in gross has $271,555 de¬
crease in net. the Canadian Pacific with
$493,040
in gross
has $9S,1SS loss in
net,
falls $251,780 behind in
net, and similarly the Atlantic Coast Line,
though
having added $143,005 to its gross, has sustained a
reduction of $109,005 in the net
Exception must al¬
ways be made of the Union Pacific and the Southern
Pacific, which have strikingly good exhibits as to
gross
and net alike.
In the following we have
brought
together-all changes for the separate roads in excess
.
PRINCIPAL GRANGES IN
Southern
I’aeitie
Pennsylvania .2 roads*..//
Atchison Topeka A S F
Union Paeiiie
Rock Island system
Canadian Pacific
Louisville A Nashville
Missouri Kansas & Texas.
Baltimore & Ohio.
Grand Trunk v4 yds'
Missouri Pae syst t2 rds)
St Louis & Sati Francisco.
Norfolk & Western
Erie
I.’....
..
.
..
_
_
...
Wabash
Atlantic Coast Line
Southern Railway
St Louis & Southwestern.
Central of New Jersey
Plilla Balto A Wash
Denver & Rio Grande
...
.
.
_
_
.
Increases.
Bangor A Aroostook.
Colorado & Southern
Northern Central
Western Maryland
Kansas City .Southern
,
1.137,200
.
.
Seaboard Air Line;
774,107
537,001
517,755
493,040
407,082
Long
$98,434
94 .8 22
Island
Chesapeake & Ohio.
307.1 36
334,581
Chicago Great Western
Atlanta Blrtn & Atlantic.
93,300
89,803
84 ,83 1
79,004
77,754
50.202
48.730
313,403
Illinois Central
42,275
29 1,19 1 West Jersey A Seashore.
4 1 ,000
284,034 .Toledo A Ohio Central...
34,008
204,330 Cine Xew Oi l & Tex Pac..
30.317
225.015
158.120
Total (40 roads)......... $9.484 ,205
143,005
120,005
Decreases.
124,9 19 Lehigh Valley._
§131,547
115,785 Minn St P & S S M
4!) ,783
112.400
1 10,984
Total (2 roads)
§181,330
.
.
-
105,534
These figures
cover the lines directly operated both east
and west of
The gross on Eastern lines Increased §005,400 and
the gross on Western lines Increased $531,800.
V
Pittsburgh''and Erie.
(2
PRINCIPAL
CHANGES
IN
NET
Increases
Southern I’aei In
$1,219 ,714
Union Paeiiie..
405 ,015
Missouri Kansas A- Texas.
295 ,283
Baltimore A Ohio
203 .718
203,718
Rock Island system
181 .021
181.021
St. Louis A San Francisco)
131
.199
131.199
‘Atchison Topeka A S F.
124
124.906
.900
Kansas City Southern
100
100,515
,51 5
Missouri Pac syst (2 rds) 1
.98
.795
98,795
Erie
98
,571
98,571
Louisville & Nashville
71 .025
St Louis & Southwestern.
02
02.710
.7 1 0
Grand Trunk (4 roads)
55
.90 4
55,904
Long Island
53
,200
53,200
Wheeling & Lake Erie
5 1 ,1 15
51,115
Phila Balto A Wash
50
50,900
.900
Toledo & Ohio Central
40 .950
Northern Central..
33 .500
Texas Central
31 ,037
Western Mar;, lane
30 .380
.
...
.....
.
EARNINGS
IN
NOVEMBER.
Decreases.
.
lllinols Central
Southern Railway
Minn St P & S S M.
§271 ,555
251 .780
Atlantic Coast Line.
109,005
107,052
98,188
89,221
80.501
+83.317
70.090
69,300
51 .200
42,391
37,288
37,023
31 .020
Wabash
Canadian
Pacific
Philadelphia & Reading.
Central of Georgia
Seashore.
Mobile A Ohio
Hocking Valley
Minneapolis & St Louis
Bull Roch A Pittsburgh..
Georgia Southern A Fla..
(10
roads)
$1,070,383
.
Total (24 roads*
§3.353..390
.v These figure.- are for the
Railroad-Co.: the Coal
ports a dcerca-c of §125,495.
&
Iron
Company're¬
;
•-When arranged in groups, three of the groups show
losses in the net. though no group has fallen behind in
the gross.
The Southern group, as already pointed
out. has suffered most
seriously. Out of the 26,roads
embraced in that group only three have decreases in
the gross, while no less than 18 report decreases in net.
The Southwestern and South Pacific group is the one
Section
or
Gross
Earnings.
Net Earnings.
Group.
1900.
November.
Tk.Lines(S)
An. Coal (5)
E.AMid(lS)
Mid. W.(14)
Nor. W. A
N. P.(12)
South W. A
S. P. (17f
South. (20)
1905.
1900.
$
37,003,925
9,040,250
5.389,315
8,926,722
S
34,835.000
9,628.991
4.S42.342
8,808.910
1905.
11.266,481
3,927,039
Inc.
11,018.580
4.098,375
1,597,350
1.514.030
2,715,340
2.934,900;
6,732.501
10,500,155
15.462,403
0.80S.798
40,230.422
23,000,334
35.912,800
21,632,509
15,433,8S7
0,315.792
.7.012.496
Total(97)
140.697.123
131.123.021
48,0G5,2S7
46,500,1001
Mexican (3)
2,490,054
2.10S.470
804.848:
Jan. 1 -Nov.’ 30.
Tr .Lines(8)
390,495,540'
An. Coal (5)
100.161,831
E.AMid(14)
56.005.140
Mid. W.(12)
88.112.928
Nor. W. A
N. P. (12)
103,550,630'
Sou. W. A
S. P.(17)
3S4,404,938
South. (24)
241,965.429
+247,901
2.25
—170.736 4.17
+83,314. 5-50
—219,500 7.48
+ 76,297
1.13
13,195,266! +2.238.021 16.96
—096,704! 9.93
+1.559.127
819.001
3.35
—14.753; 1.80
351,224,458 119.089,170 102.343,701 +16,745,469! 10.36
98.388,502 38.345.407 41.200.070, —2,860.663, 6.94
52,010.330 17.191.143 15.5S2.404l +1,608,730! 10.32
80,109,258 20.144,763 22.048,923! +4,095,840,18.58
140,446.908
00.090.722
55,410,743, +10,679.979-19.27
338.508,343 130,017.210 102,040.994! + 27.970,221+27.41
212,371.457 60,378.037 63.030.440| + 3,348.197' 5.31
Total (92) 1,425.350,4481,273,179,382
Mexican (3)
Dec.
or
403.257.058401.GOO,27oi +61.587.783
23,009,46-!
27.072.4S0
9.581,213
7.073,82
lj
15.33
+ 1,907,392 24.85
1
Besides thejroads which furnish monthly returns
of both gross and net earnings, there is a considerable
number of companies that make public only the gross
REPORTING
November.
GROSS BUT NOT NET.
1905.
1900.
§
S
1 10,097.123 131 .123.021
Reported above 0)7 rds)
Increase.
Decrease.
§
§
9,573.502
A la New Oi l & Tex Pac—
New Oil A Nor Eastern.
Ala A Vicksburg
Vicks Shrev'c & Pacific.
Cldc ! ml A Southern
208,840
136,007
148.193
202. one.
5,200.38:
5.929,308
1 ,293,011
82.194
2,050,895
253.781
340,255
..
Chicago Mllw & St Paul
Chicago & Northwestern.
Chicago St P Minn A (5tn.
Cincinnati Northern
_
.
Cleve Cine Chic A St Louis.
Peoria A Eastern
Detroit Toledo A Ironton..
Great Northern
Montana Central
International A Gt North’ll
Lake Erie A Western
Lake Shore A Mich South’ll
Macon A Birmingham
Michigan Central
New York Central
New York Cldc A St Louis.
Northern Pacific
Pittsburgh A Lake Erie
Rutland
Sierra Railway
Texas A Pacific..
Toronto Hamilton A Bull.
4,903,817
238;484
802,000
415,402
3,135,550
13,709
2.352.132
.
.
.
.
.
8,082,340
800,107
5,812,588
1 ,201 ,897
233,420
34,835
1 ,502,309
00,300
__
..
.
.
.
Total (123 roads).
Net Increase (0.24%)
.
..
275,582
133,930
120,in:
189,205
4,971\589
5,030.920
1 .254,120
08,535
2.055,725
312,052
387,808
4,995,09 1
244,989
707,000
471 ,554
3*41 1 ,442
15,013
2,107,858
7.033,787
•753.019
6,736
....
2,131
22,091
13.401
227,795
292,382
39,490
13,059
1 .1 08
58.271
41 ,013
91 .277
0,505
155.000
50,152
24,114
-----
1 ,214
184.274
448,553
52,488
-
5,949,738
1,213,1 05
214,470
28,713
1 ,319.973
02,243
137,1 50
!.
48,732
18,944
0,122
242.330
4 .057
180,690,274 175,724.985 1 1 ,370.237
10,971.289
^.
-
1
-
398,948
—
In this way the increase in the gross earnings is
raised to $10,971,289, but the ratio of improvement
is not
changed materially, being 6.24%. The present
improvement, it is proper to state, follows $15,571,442
gain (10.35%) in November 1905 over November 1904,
according to the same method of computation.
173,460
Lehigh Valley
Seaboard Air Line
Total
and net
SUMMARY BY GROUPS.
.
GROSS EARNINGS-IX NOVEMBER.
Increases.
SI ,000,019
_
decreases.
or
gross
alike. This group includes the Southern Pacific,
which leads all other roads in amount of gain in gross
and net, but aside from that fact Southwestern roads
have very satisfactory returns as a rule.
earnings, the list including several prominent sys¬
tems.
Starting with the total of the gross in the
gain foregoing, we add on these other roads in the table
the Southern Ry. which we now present.
ROADS
with $12(3,005 increase in gross
of $30,000, whether increases
that shows large improvement in
group
Year
191
TREASURY
CURRENCY
ing compilation, based
HOLDINGS.—The
follow¬
official Government statements,
indicates the currency holdings of the Treasury on the first
of November and December 1900 and January 1907.
Statemerits for corresponding dates in previous year will be found in
our issue of January 27 1906; page 19S.
on
TREASURY
Hen lings in Sub-Treasuries—
Net coin and gold bullion
Not silver enln and bullion
Net United States Treasury notes
Not leual-tendor notes
Net national bank notes
Net fractional silver
Minor coin, J-o.
Total cash in Sub-Treasuries.
Less sold reserve fund
.
„_
I
.
.
Cash balance in Sub-Treasuries.
Cash in national banks
Cash in Philippine Islands
.321,029,909
150.000.000
343.717.111
150.000.000
343.830.223
150.000.00
174,020,909
1 18,975.340
4.730.003
193.717.111
145.559,439
5.003,377
193,830.223
158.753,158
4,398,584
327.735.378
104.434,508
344 .279.927
112,809,040
350.987,905
117.990.889
.223,300,810
231,470,287
238,997,070
...
Net Cash in banks, Sub-Treasuries
Deduct current liabilities.a
Availableeash balance
a
HOLDINGS.
Nov. 1 1906. Dec. I 1900. Jan. 1 1907.
SS
S
302,973.951
317.952.371
313.999,022
5,721,951
8.000.408
9,274.270
15,424
15,171
17.482
2.104.807
3,420.094
4.772.003
s.019,011
11,105,881
9,910,945
3,500,051
3,893,072
3,720.430
995.450
518.197
948.183
NET
“Chiefly disbursing officers' balances.
d Includes S8.33.000 silver bullion and §948,183 minor coin, <C-c., not included In
statement ‘ Stock of Money.”
THE CHRONICLE.
192
BUSINESS IN ENGLAND IN. 1900.
'^oimnunlcated by our
Loudon Correspondent.)
January. 12 1007.
The
improvement in trade which began a couple of
years ago made marked progress during 1906.
But
the improvement was almost confined to the foreign
and colonial trade.
The home trade is still rather de¬
pressed. The crisis of 1890, accompanied as it'was
by a revolution in Argentina and by a general break¬
down in all the South American countries, as well as
by
depression in Spain, Portugal and Greece,
followed soon after by the silver crisis in the United
States and by the banking collapse in Australia,
-caused investors in this country to withdraw from in¬
vestment in foreign countries. For a very considerable
time they confined themselves to "home and colonial
investment, and it used to be remarked with surprise
that while the Baring crisis bore heavily upon the
wealthy, the working classes seemed to be better oil
than ever and wages were exceedingly well maintained.
As a matter of fact, there was very marked activity in
all kinds of home enterprises.
Building was, perhaps,
exceptionally active and the towns grew at an extraor¬
dinary rate. Gradually, however, home enterprise
severe
was
carried too far.
There
was a
setback in the build¬
couple of years ago, in
consequence, the investing public once more turned
its attention to foreign countries.
The result has been
a very large investment, not only in our colonies, but
in North and South America, Kgvpt, India and the
ing and other trades, and
Far East.
Our
a
I \’OL. LXXXIV.
£700,000 over the preceding year, or 1.6%, The goods re¬
ceipts amounted to £52,409,000, being an increase of £1,404,000 over the preceding year, or 2.S%.
The
for the year
1900 bear eloquent testi¬
The Chancellor of
in the receipts for
the year of £1,223,000 because of the remission of taxes.
As a matter of fact, for the nine months of the financial year
which have thus far ( lapsed, the receipts amount to £90,834,838r being an increase over the corresponding period of
last year of £1,497,703.
This shows an increase over the
estimates of nearly two and three-quarter millions storing,
even assuming that there is no further growth in the last
quarter of the year.
In this last quarter (which is only just
beginning) the receipts always exceed those of any other
quarter of tlie ja-ar, because the great bulk of the income tax
is paid in those three months.
Consequently it is reasonable
to anticipate that the increase will be decidedly larger.
Probably the .total growth of revenue will exceed the esti¬
mates by more than three millions sterling.
It is known that
large economies have been effected. The returns issued on
the last day of December and covering the preceding nine
months show a very considerable decrease.
But it is possible
that much of the decrease represents a mere postponement
of pajrmerits.
Until the 31st of March it will not be possible
to determine what the' total Savings are, but it looks as if
the savings would be at least two millions sterling.
It seems
to follow, therefore, that the Chancellor of the Exchequer
will have a large surplus to dispose of.
In any ease, the fig¬
ures as they stand are an evidence of the activity of trade.
The London Clearing House returns show that the grand
total of clearings during the year amounted to £12,711,334,000, being an augmentation over 1905 of £423,399,000.
The Honorary Secretary to the Clearing House states that
for six successive years the annual totals of the paid clearings
have exceeded all previous totals, a sequence only equaled
in length by the years 1808 to 1873, in the last .year of which
the total was less than half of the total for 1905.
The in¬
crease for the past twelve months is considerably Ices than
the increase of 1905 over 1904.
But there is a rise under
revenue returns
mony to the prosperity of the country.
the Exchequer had estimated a decrease
exports, in consequence, have grown at an extraordi¬
For example, the exports of November 1900
show a gain of over 43% compared with the exports of No¬ every heading except on the Stock Exchange account days.
In other words, owing to the political apprehensions and dear
vember 1903.
It is true, of course, that this very large gain
is due to some extent to a marked rise in prices.
Practically money, the Stock Exchange has been far less active than in
1905.
The Hon. Secretary points out that during the first
about half the increase may be ascribed to the rise in prices
and half to the expansion in quantity.
The largest expansion half of 1900 the gain in the clearings was greater than in the
was in iron and steel and in machinery.
The imports have latter half, and that the slight falling off in the latter half has
been contemporaneous with the rise in the value of money.
increased during the year satisfactorily., but to nothing like
the extend in which the exports have increased.
In Novem¬ Evidently, therefore, there has been some check to trade as
ber, for example, the gain in the imports compared with well as to Stock Exchange business by the scarcity and dear¬
November of three years before was only about 10%.
Apart ness of money
from the large investments abroad there has been a very
Agriculturally the year was checkered. In the south,
marked increase in the purchases of British goods by other southwest and east of England the latter half of March, the
whole of April and May and the first half of June were ex¬
countries.
Germany, in particular, has imported unprece¬
ceedingly dry and cold. The weather was propitious enough
dentedly large quantities of British iron, steed and coal. The for the sowing of spring crops, but it was exceedingly un¬
United States, also, in the last three or four months of the favorable to vegetation.
Everything, therefore, in the
year imported very large quantities of iron and steel.
Mainly middle of June was decidedly backward. The hay crop was
The latter half of June, July, August and
this was due of course to the extraordinary prosperity of particularly so.
the first half of September were exceptionally hot and dry.
German and American trade; but to some extent it was due,
The drought that ensued made the hay crop a very short one,
in the case of Germany, to great floods, which made it difficult
and seriously injured the root crops, feeding grass and green
to navigate the canals, and to the inability of the railways to
The root crops were so bad, indeed, that
crops in general.
cattle farmers grew alarmed lost they should not have feed
find sufficient rolling stock to carry the goods.
In-short, it
enough for the winter. They consequently sold their cattle
was found cheaper and more expeditious to get iron and coal
at what prices they would fetch, which caused a serious fall
from England for the northern parts of Germany than to get
in prices.
Towards the end of September, however, rain
either from the German mines.
was
a
marked
There
in¬ began to fall.
October was bright and warm by day and at
wet.
Vegetation made great progress, and as Novem¬
crease, likewise, in the re-exports.
A considerable part of night
ber likewise was wet, there was a complete change in the
our imports was, in fact, brought here for the purpose of be¬
aspect of the later crops.
In contrast with the weather over
the greater part of England, in the north and northwest of
ing sold to other countries.
England and all over Scotland and Ireland, the summer was
The Board of Trade returns for December show that the
both cold and wot.
Grass, green crop's, root crops, and so on,
value of the imports for the twelve months was £007,987,893,
were all abundant, (-specially the potato crop was excellent
being an increase of £ 12,967,970 over the preceding year, or except in the western parts of Ireland, where it was affected
7.9%. The value of the exports of British and Irish produce by disease. Thus towards the end of the year cattle farming
and manufactures for the ydar was £375,072,913, the highest changed completely, there being then every evidence that
there would be abundance of feed.
Nevertheless, prices
on record, being an increase over the preceding year of £45,have not recovered.
Regarding the cereal crops, the de¬
356,299, or 13.9%. The total value of the re-exports was crease in the acreage, generally speaking, continues. M heat
£85,103,380, being an increase of £7,383,473, or 9.5%. shows a decrease of 41,279 acres, the total acreage now but
Thus t lie net imports amounted to £523,000,000, and the slightly exceeding'a. million and three-quarter acres.
The
acreage under barley, on the other hand, increased to just
excess of imports over exports to £147.000,000.
a little over a million and three-quarters acres, so that the
The traffic returns of the seventeen principal railways of
acreage under ihc latter crop is now practically equal to that
the United Kingdom for the year show that the passenger under wheat.
There is little change in the-acreage under
which
oats,
again
considerably exceeds three million acres.
receipts amounted to £43,103.000. being an increase of
nary
rate.
.
{
Jan. 26 1907.
THE CHRONICLE.
la the minor crops—lye, peas and beans—there is a
verygreat increase in the cultivation of beans, and an almost
corresponding decrease in the cultivation of peas. The total
yield of wheat during the year
an
average of 33.66 per acre.
59,091,772 bushels, being
The yield of barley was 00,553,977 bushels, or 34.58 per acre. The yield of oats was
123,383.857 bushels, or 40.55 per acre. Since the new wheat
crop began to be marketed there has been an average fall
of is. per quarter.
The price in consequence is now 2s. per
quarter lowei* than this time last year.
Home-grown wheat
is, of course, so small a proportion of the total consumption
of the country that the
price of the home article is entirely
regulated by the price of foreign.
In the coal trade the year
just closing has been one of the
most active and
prosperous for a very long time past.
In
recent periods the
only year comparable to it is that of 1900.
But the activity and rise in
prices in 1900 was due in large
measure to a war demand for
shipping, whereas the demand
ot the year just closed was
entirely due to the extreme pros¬
perity of trade all over the world, and more particularly to
the
extreme-prosperity of the United States and Germany.
The manufacturing
industries of this country, as already
observed, had become very active in 1905, and continued to
increase in activity during the whole of the
past year.
Yet
it
was
not until the second half that the coal trade seemed
feel the influence.
In the second half there was a de¬
cided rise in
prices, and to a very large extent this was due
to the demands of the United States and of
Germany. The
demand for house coal has been small, for the winter of
1905-00 was
exceptionally mild; and, until Christmas, this
winter was also warm and
genial. The demand for all
other kinds of coal, however, in the second half of the
year
became very marked, and prices in
consequence rose con¬
siderably. The best anthracite was quoted 19s. 4J^d. on
the last day of 1905; on the 1st
was
to
day of 1907 the quotation
£1 Is.
Steam coal at Cardiff was quoted on the last
da}' of 1905 12s. 6d.; on the first day of 1907 it was quoted
17s.
Steam coal at Newcastle in the interval has risen from
was
9s. 6d. to 12s.
3d.; best
gas
best
6d.; steam coal
at
Glasgow from Ss. 9. to 10s.
coal at Durham from 9s. Od.
to 11s.
6d.; and
foundry coke at Newcastle from 16s. 9d. to £1 4s.
Colliery shares have improved in consequence of the improved
outlook of the coal trade.
in these shares,
The iron and steel trades fared better
The main feature of the trade
even
was
Francisco,
and fears
than the coal
the enormous
foreign demand, more particularly the demand for the United
States and Germany.
But the year was also remarkable for
the largest importation of
foreign iron ore, for the largest
production of pig iron, for the largest shipments of pig iron,
for the largest output from the steel works of this
country,
for the largest exports of manufactured iron and
steel, and
for the largest tonnage of
shipping ever launched in one year.
It will thus be seen that in
every-branch of the trade there
has been extraordinary prosperity; so much so4 that com¬
panies which had paid no dividends to their shareholders for
years have been able to distribute very handsome amounts.
Prices of all kinds have risen, and there is great
hope respect¬
ing the future.
For a considerable time past the production
of iron ore in this
country had been declining. In the past
year ir increased.
As the official figures are not yet accessi¬
ble. it is impossible to state how much, but there appears to
be no doubt that there has been an increase.
Furthermore,
the imports of foreign iron ore have gained.
Tt is noteworthy
that the imports from Spain have increased, whereas until
the past year it was feared that
Spanish iron mines Were liecoming exhausted.
The manufacture of pig iron was, there¬
fore, on a very large scale1.
It is estimated at about ten
million tons, and the exports were also
exceptionally large.
The exports of iron and steel, raw and manufactured,
amounted to 4,688,846 tons against 3,721,382 tons in the
previous
year, an increase of 967,464 tons-, or 26.1%.
The
total value of the exports was £39,880,563 against £31,826,438 in the previous vear, being an increase of £8,054,125,
or
25.3%.
The cotton trade in all its branches was
prosperous through¬
out the year.
It was, perhaps, more prosperous in the second
half than in the first, but it was very good all through the
The demand, both home and foreign, for the manu¬
article was exceptionally large, and production,
consequently was on an augmented scale. In the spinning
year.
factured
,
branch the demand was greater than the supply, partlv
because of the great outturn of the weaving branch, and
partlv because new spindles were not brought into operation
quieklv as had been expected.
Twelve months ago it was
known--that a very considerable number of new spinning
mills were under construction and projected.
Tt was ex¬
pected that a'sufficient number of them would be at work
during the past year to fully meet the demand for the weav¬
ing branch; but that lias not proved to be the case. Ac¬
cording to one authority on the subject, there are fust com¬
pleted, under construction or projected 195 new mills, with
about, eight and a half millions of spindles. ‘^On the other
as
J
number^of
new
looms is
very
moderate.
The
authority estimates them at about 80,000. There is,
however, much diversity of view on the subject. In conse¬
quence there is a feeling in some quarters that the limit of
expansion Of the Lancashire weaving branch is nearly
reached, while the expansion of the spinning branch seems
to have received a new stimulus.
The best opinion, how¬
ever, does not accord with this.
It is pointed out that many
of the new mills will not be
fully equipped for a considerable
time and that possibly
during the new year the spinning
supply will not quite equal the demand, while it is stated
by persons in a position to know that we shall see in the early
future a considerable expansion of the weaving branch.
However that may be, the prospect at present is for full
activity for both branches during the new year.
According to a calculation lately made, 70 or 80 spinning
companies, with a total capital of about five millions sterling,
had declared
profits averaging about 18% of the share
capital and about 13% on the share and loan capital com¬
bined.
Very many of the spinners do not make their ac¬
counts public; but it is believed that these 70 or 80 com¬
panies are fairly representative. The accounts of few of
the weavers an1 published.
There is not, therefore, the same
certainty with regard to their profits; but it is believed that
the profits wore at least as
large and probably somewhat
larger than in the spinning branch. During the year the
price of the raw material has been rather high and, com¬
pared with other years, fairly steady. Middling Ameri¬
can was
6.10d. on January 2; oil August 24 it touched
the lowest point
at
5.59d.,and on October 15 the
highest at 0.59d. The extreme difference between the high¬
est- and the lowest is
1.3d., whereas in 1905 the price ranged
from about 3%d. to G}4d.
Tin* relations between employers
and employed were
satisfactory during the year, practically
no trouble
having occurred, for advances were made in 1905
which for the time
being, at all events, satisfied the em¬
ployees and were fully justified by the results of the past
year so far as the employers were concerned.
The woolen industry has been as
prosperous as the cotton.
The receipts of raw wool from Australia exceeded those of
1905 by about 270,000 bales.
Yet the price of the raw
material rose steadily during the
spring colonial auctions in
same
London.
There was no very great activity
however, until the second half of the year;
and even in the second half the rise was
only moderate.
The total exports of coal, coke and manufactured fuel
amounted to 57,792,204 tons against 49,359,272 tons in the
previous year, an increase of 8,432,932 tons, or 17.1%.
The value was £31,504,291 against
£26,061,120, being an
increase of £5,443,171, or 20.9%.
trade.
hand, the
193
In the
the lamentable disaster at San
strike in the woolen district in France,
summer
a great
regarding dear money caused a setback which sent
prices at the July and September auctions lower than they
were at the
beginning of the year. The settlement of the
Continental strikes and the re-entrance of American buyers
caused a marked
recovery at the November sales, so that at
the end of the year
prices were about 5% higher than they
had been at the beginning.
Moreover, although, as already
said, the receipts of wool from Australia exceeded those of
the preceding year by
as much as 270,000 bales, it is esti¬
mated that the supply
in the hands of the growers’ agents
and of merchants is smaller now than it was at the end of
1905, when unquestionably it was very small. In the opinion
of the trade, the
supply at present is the smallest in recent
times.
Therefore, the prospect for. the new year is very
favorable and high hopes are entertained that a further rise
in prices will take
place. Against this, however, it is
pointed out that the new Australian clip is larger even than
the clip of 1905.
It is estimated that it exceeds it by 170,000
bales.
Consequently, in many directions it is thought that
very little further rise can be counted on; but that every¬
thing points to a very active and a very good business admits
of in) doubt.
The total receipts of colonial wool in London
for the six colonial wool auctions amounted to 1,313,814
bales and the total catalogued for the sales was 777,443 bales.
The official figures
respecting shipbuilding are not yet
published, but there appears to be no doubt that tlie new
tonnage turned out was larger than in any previous year.
The total tonnage is estimated by
an exceedingly good au¬
thority at 2,002,571 tons, having 1,845,983 horse-power.
Of this total, 1,193,881 tons was constructed in England
658,830 tons in Scotland and 149,860 tons in Ireland. It is
noteworthy that the northeastern district of England is
now competing on almost
equal terms with the Clyde for the
very best kind of shipping.
A little while ago the Clyde
stood altogether tlie first shipbuilding district in the world.
Now the northeast of England is running it neck and neck.
Messrs. Doxford of Sunderland turned out last year 20
vessels of an aggregate tonnage of 80,632 tons; Harland &
Wolff of Belfast turned out 9 vessels of 85,287 tons; Swan,
Hunter & Wigham, Richardson, 21 vessels of 74,424 tons;
Russell & Co., 18 vessels of 71,540 tons, and William Gray
A Co. 19 vessels of 63,226 tons.
The Clyde turned out a
much larger quantity of work than in any previous year,
yet has not constructed any large vessel to compare with
those built by the preceding builders.
The Cunard Com¬
pany’s two turbine steamers were,both completed in the year
just closed. The Lusitania was launched in June and the
Mauritania in September.
They are each of about 33,000
tons, with 45.000 tons displacement- and 72,000 horse-power.
The White Star steamer Adriatic, of about 25,000 tons, was
also launched last year, and the warship Dreadnought, of
18,000 tons displacement; the Lord Nelson, of 16,500 tons
displacement, and the Agamemnon, of about the- same size,
were all launched in 1906.
The prospects for the new year
are far less bright
than, were those at the beginning of the
THE CHRONICLE.
194
they
year just closed.
Then the orders were abundant; now
are few and far between, and the outlook is not encouraging
unless freights rise considerably or the cost of new ships
falls
very
materially.
kept down all through the year
by disturbing politics and dear money. In December 1905
the Unionist Government resigned arid a Liberal Govern¬
ment came into office.
The following month the General
Elections were held and gave an unprecedentedly large ma¬
jority to the new Government. The city is intensely Con¬
servative, and it therefore looked with much disfavor upon
the new Government.
Besides, the Ministers had strongly
resisted the introduction of Chinese labor into South Africa,
and had practically pledged themselves to put an end to it.
The stock markets were
Therefore
it
was
feared that the
new
Government would
proceed to action which would seriously injure the gold¬
mining industry and plunge South Africa once more into
There is an immense amount of British capital
distress.
invested in South Africa and the policy^ of the new Govern¬
ment offended very many who in other matters fully sym¬
pathized with it. There was, in consequence, a heavy fall
in South African mining shares.
The market for these
securities continued very depressed until the issue the other
day of the new Constitution for the Transvaal, when it was
found that the Ministers were not quite so black as they had
been painted.
Since then there has been come slight re¬
covery.
The recovery, however, does not fully represent
the change in popular sentiment.
There is now an inclina¬
tion to hope the best from the new Constitution and to
expect that South Africa will very soon enter upon a period
of great prosperity.
The unfavorable effect of the change of Government was
heightened by apprehensions respecting the relations between
Germany and France. In the preceding year the two coun¬
tries had agreed to the Algeciras Conference, and the British
Government, though it had at first refused to attend, with¬
drew its objection at the request of France.
The Conference
met in January, and for a long time serious anxiety was
It very soon became plain that the great ma¬
entertained.
jority of the governments represented at the conference
were in favor of France;
and, accordingly, it was feared
that a decision would be arrived at to which Germany would
refuse to agree, and that, in consequence, the ^conference
would break up without doing anything.
Happily, an
arrangement was arrived at satisfactoiy to both parties; and
since then a more hopeful feeling has prevailed.
Still, the
feeling was in it allowed to t ranslate itself into acts because
of the condition of Russia.
Early in the year that condition
was
grave indeed, and most people were prepared for a
violent revolution.
Gradually, however, the disturbances
came
to an end, and although the
Duma was dissolved,
there was no repetition either of the strikes or of the mutinies.
Since then, the Army has continued to obey orders and quiet
has been maintained.
Still, tin1 public looks on with a
certain distrust because1 it is generally recognized that the
revolution is only in its early stages and that at any moment
something quite unexpected may happen.
Anxiety was also occasioned during the year bv the an¬
tagonism of the nationalities in Austria-IIungary and the
fear that Austria and Hungary themselves might come into
collision.
Ar one time, indeed, it looked as if the Magyar
Party was prepared to face a quarrel both with the Emperor
and with tic* Austrian Government.
Happily, an arrange¬
ment between the Magyar Party and the Emperor has been
arrived at and there seem now to be good grounds for hoping
that a satisfactory arrangement will also be arrived at by
Austria and Hungary, while in Austria itself the passing of
the Universal Suffrage Bill gives hope that the quarrels of
the nationalities
are
about
to
come
to
an
end and that a
Federal system will be introduced.
of the
Balkan
States, the dispute between Great Britain and Turkey re¬
specting the Egyptian boundary and the unrest of the Moe
Other unfavorable influences were the separation
Church and State in France, the condition of the
hammedans both in Africa and Asia.
At the close of th-
apprehensions excited had greatly
Unfortunately, exceedingly dear money
caused apprehensions of another kind and generally speaking
brought about a heavy fall in securities. American securities
were an.exception and there has been a considerable rise in
copper and diamond shares.
On the other hand, nearly
everything else is decidedly lower at the end than at the
beginning of the year. British Government securities stand
at a quotation which would give a full 3% to the investor.
Britisli municipal and colonial government securities give
about 3%%, and foreign municipal securities from 4 to 5%.
Foreign government securities, however, have been fairly
well maintained.
The most striking exception is that of
Russia.
In April
a great international Russian loan of
nearly 90 millions sterling was brought out at 89. The
price fell at one time to 77. Nearly half the fall by the end
of the year had been recovered, but the loan was still at a
year, however,
calmed down.
the
discount of about S.
The dearness and scarcity of money referred to were'due
to the wonderful prosperity over all the world, the conse¬
quent strong demand of a great many countries upon
[Vol. Lxxxir.
the__United^States, it remained at that figure
beginning of April. It was then put down to 3%%Butin May, owing to the American demand, it was raised again
to 4%; reduced in June to 3%%,; raised once more in Sept,
to 4%; early in October to 5%, and on the 19th of October
to 6%, at which it continued tt> stand till the end of the
year.
The chief cause of the advance to 6% was undoubt¬
edly the very large demands of New York upon London.
Contributory causes were the strong demands for Egypt,
and the fear of a large drain for Russia, Germany, Argentina
and India.
But for the rise to 6%, it is reasonably certain
that a good deal of gold would have been withdrawn both
for Argentina and for India.
Moreover, the withdrawals for
Egypt would probably have been larger than they were if
the rate had not been raised.
During the last two months
of the year the fear continued that it would be necessary to
put up the rate to 7%, for it was known that a considerable
amount of gold was required by Brazil to carry out the
conversion law in addition to what might be required by
Argentina, Egypt and India. If there is not a revival of
the American demand, it is hoped that the rate will soon be
reduced, for it is believed that the Egyptian demand is now
satisfied and that the Indian demand will be satisfied in a
France and
until the
few weeks.
The new issues during the year have not been heavy.
There has been a very large investment abroad, but it has
inconsiderable extent taken the form of public
noteworthy public offering was the bring¬
ing out of the international Russian loan here in April. For
very many years before it would have been impossible to
place a Russian loan here, for the political antagonism of
the two countries was too pronounced to allow of success.
Since the war with Japan, however, and more particularly
since the establishment of the entente cordialewith France,
there has been a drawing together of England and Russia.
In this country, it is now believed that Russia will have to
avoid war-like enterprises for a long time, and it is desired
to give her financial help in developing her resources. ' Of the
total loan, somewhat exceeding 89 millions sterling, a little
over
13 millions sterling were offered in London and were
all subscribed for.
The other loans were unimportant , being
chiefly to the British Government, the colonial governments
and the Indian Government, and to home and foreign
municipal governments.
The imports of gold amounted to £46,042,590,against
£38,567,895 in the preceding year, 'showing an increase of
£7,474,695, or 19.4%. Of the total, €25,713.703 came
from
British South Africa, £0,901,086 from Australia,
£3,227,792 from India, £151,956 from the Straits Settle¬
ments, £243,053 from Ceylon
and £136,062 from New
Zealand; so that of the total gold.exceeding 46 millions
sterling, £36,373,652 came from British territory. The
exports of gold amounted to £42,617,267, from which it
would appear that there was retained £3,425,323 out of
the total imported.
It seems plain, however, that the de¬
mands for the arts was greater than tin* proportion of the
imports retained at home. Of the total exports of the
metal, £14,188,394 went to the United States; £6,285,046
to Egvpt; £4,621,451 to France; £4,285,875 to Argentina
and Uruguay; £2,802,490 io Brazil; £1,094,905 to Russia;
£1.411,455 to countries unspecified; and £4,081,186 to
India.
The other exports were in small amounts, none of
them reaching a million sterling.
The demand for silver, which was strong in 1905, became
still stronger in the year just closed, and the price rose con¬
siderably. The highest point touched in 1906 was 33Lgd.
per ounce, which was 2 13-16d. over the highest price of the
year before.
The lowest price touched in 1906 was 29d.,
which was 3 9-16d. above the lowest touched in the preceding
The principal demand was for India. The crops in
year.
India were all exceedingly good and trade was very active.
The Government, moreover, had not coined very much re¬
cently, and therefore an exceptional demand for silver
sprang up.
So great was the demand that the exports of
silver from England to India during 1906 exceeded those of
1905 by as much as £7,467,000, the value being £15.064,000
against £7,597.000. Moreover, the United States Govern¬
ment, having coined all the silver purchased under the Sher¬
man Act, began to buy in the open market.
This added
very materially to the influence of the strong Indian demand.
The French Government, likewise, was a purchaser of silver,
and though, owing to the return of peace, neither Russia nor
Japan bought on the scale that they did during the war,
yet there was purchasing by both governments. The price
of silver at the beginning of the year was 30 l-10d. per ounce.
It continued to rise to 30 13-16d. at the end of February,
when there occurred a sharp setback to 29d. in March.
The
price fluctuated until August. Then another upward move¬
ment set in, and with slight variations the price gradually
reached 333^d. in the middle of November.
After that
there was another setback, owing mainly to very dear money
in India.
The Indian Government, however, again began
to purchase silver, and the price once more recovered, closing
only to
an
issues.
The most
From the Board of Trade returns it appears
imports of silver during the year amounted to
£17,288,063, against £12,992.014 in the preceding year,
London for gold, and the earthquakes.at San Francisco and •being an increase of £4,296,049, or 33.3%.
The total ex¬
in Chili.
The Bank rate at the opening -if the year stood ports amounted to £18,865,285, from which it is evident
at 4% and because of the gold inquiry for South America, that we exported during the year £1.577,222 more than we
*
at 32 5-ldd.
that the total
1907.]
THE CHRONICLE.
imported. Of the total exports British India took £15,063,"
927, against only £7,596,829 in the previous year. The im¬
ports of silver into India in the past year, in fact, are the
largest ever recorded—are about twice the average during
the 33 years immediately preceding the closing
of the
195
BANK OF ENGLAND IN
,
1
!
i
!
by months for 1904, 1905 and 1906:
January
PRICE OF SILVER FOR THREE YEARS.
*
*
*
‘
3
10
17
24
31
7
14
21
4 4
1900.
February
1905.
1904.
SU-
High. _|
d.
Low.
Aver.
(
High.
Low.
d.
d.
d.
d.
Jan
30)4
129 11-16 30 %
Feb
30 13-16 3014
‘30 13-10
Mch. 30 7-16 129
(30 7-10
Apr 30 9-16 *29%
'30 9-10
.
.
May.
June
July.
Auk-
Sept.
Oct.
Nov.
Dec.
Aver.
High.
Lore.
4
4
4
4 4
Aver.
d.
d.
d.
d.
28%
2 7 9-10 27 15-12 27 5-10 25%
26 7 -16
28 5-10 27%
28 1-16 27%
25 %
26%
27 13-16 27 11-16 26%
26 11-16 25%
26 3-10
26%
25 7-10 26%
25%
24 7-16 24 15-16
27
3134
5-16
20
11-16 25 15-10 25%
(30 9-16 13154
20%
,25 9 -16
31*4
-29 9-10 ;311 s
27%
20 7-16 20 15-10 26%
25 5-10 25%
30 7-10 29 13-16 30 7-10 27 5-10 20"8
27 3-16 27
26%
26%
30 15-1629J4
'30 15-10 28%
27 13-10 27
2 7\i
26 3-16 26 9-16
31%
28 7-16 20Js
(30 15-16 31%
28%
28
26
20 5 -10
32 9-16 31 11-1632 9-10 28 15-16 28 5-16 28%
20 15-16 20%
26%
33%
32
30 5-10 28 15- 16 29%
33%
26 15-10
'27%
20%
32%
319-10 .32%
30 5-10 29%
29 15-16 28 9-16 27%
.27 15-16
28..
30%
;29
30 5-10
25 7-16
27 13-10 28 9-10
4
4
4
4
4
4
4
4
4
4
May
4
4
4
4
4
10
23
30
6
13....
20
27
June
4
4 4
4
4
following
interest at
the first
a
day of each month during 1906 and
day of the
4
4
4
4
4
18
25
1
4
4
the closing
on
4
11
August
4
4
year:
4 4
29
4
%
1906.
Rates of
Interest at—
i
.
""
i ?
.a
5
;
.
£•
*5
J
•
!
„•
1
£5.
i
j 5
T—<
!
-
4
12
19
20
3
10
17
24
31
7.
4 4
CO
44
i £
<6.
c
o
o
%
CO
£
<7
o
October
4
Q
4
4 4
Paris—
Bank rate.
3
Open market
i3%!2
Berlin—
Bank rate
Open market
!
j
lo
•
js
|4 % 13
IJamburK—
i,3
3
3
9-10 2 >4 3
‘
3
3
9 3 '
2% 2% 2% 2%, 2%
i
:>
5
0
U
Frankfort—
Bank rate
Open market..
Amsterdam—
Bank rate
Open market
Brussels—
-3
3
3
3
-
*>
7 '
'*
6
3
3
:5
s7 3 1.
!o
5
.‘4
%!;i
:
%
5
>5
f>
3
% j4 %
3
5
!2
7p
h
% 4 % 4 % 5
% 3% *« 3% 3% 4%
4
3
5
% 4 %,4 % 4 % 5
% * 3 % d 4 %
3
4
3
4
4
%
0
5
%
x
5
% 3% 3%
4 k 4 % 4 % 4
h
l 14
h
3
,4%i4%
Bank rate
Open market
4
”j4
T>
j.3
U %14
N-—Nominal,
7-10,
a
’4
7
r>
s
s
7
X.
X.
X.
5
% 5
% 4% 4 %
%
%
3
% 7 % 6 %j 6 %
N-.-
X.
0
X.
5
5
4
4
% 4%
4
4
% 4U
4
5
5
5
5
V4
4%
5
5
4
H
% 4 W,
4 %
e
4 % 4
4
% 4% 4
"|4
4
4
4 % 4
0
0
0
0
!
“5“
4%|4%
x
%
0
0
5 3-10
from
to 1906 in¬
clusive:
OF
.
_
13
Oct
Oct
Nov
3
5
30
to
to
to
to
to
to
Jan
Feb
DIM
July
13 3
1
11
*>
OF
INTEREST.
Rate
O '
Year
.
o
■
_
3
19
%
i
14
101
1903.
to
1
days 'Jan
days'j May -1
to
to
to
May
3.751365
.
1900.
Jan
to
to
Jan
1
1 1 0
18 .*>
111
j
7
days {
i .Tan
1
days April 14
da vs 1 April 21
1904.
to
to
to
21 4
June 18 3 %
days June 18
Sept
313%
82 days Sept
Dec
3
r> 1 %
j
2 days
30 5
I
Year’s
clays
j 50
average..
31 6
! 31 days j
Oct
Oct
Nov
Dee
Year's averae;o
Jan
Jan
25
May 24
June
14
July
19
to
to
to
to
May
24 4
1119
June 14 3%.} 21
! 35
July 19 3
Dec
31 4
105
|
Year’s average
3.96 305
.
1901.
Jan
1
Jan
3
Feb
7
Feb 21
June
6
June 13
Oct
31
to
to
to
to
to
to
to
Jan
Feb
Feb
June
June
Oct
Dec
3
7
21
0
13
31
31
3 3
31
A" umber
Year’s
to
to
to
to
|
j
7.0
44,1
0.9 i 43,4
24,6
26 7
4c
3 7-16
3 7-16
3 3-16
Is %
3 %d
20.0
3%
%
%
h
25.0
25.7
3
3
13
25,9
25,7
>3%
24,6
24,8
25.9
3
j3 %
3%
3%
3%
20.9
27,8
27,4
24,8
24.8
23,4
20,4
18,3
35,0
35,1
33,0
33,4
33,4
32,6 |
32,1 !
34,0
31,4
3%
3%
13%
3 %
3 %
3 %
3%
23,0
29,3
29,6
33.6
15,5
15,4
15,4
15,4
15,4
15,4
15,4
3 1-16
23,4
22,8
21,9
20,9
21 .4
21 .8
23.2
28.0
28.7
28.7
29,5
10,0
....
j
30,6
14
4c
14%
4 5-32
4%
5 f j 4%
0(7 4%
18,9
18,2
18,1
19,1
•
6
5
%
j 5%
j0
I 5 7-6
i5 %
i5%
5 %
20,0
21 ,4
23,6
22,9
-
-
|
2‘* 7
28.1
33,9 i 19,7
_
34,1 ! 18,7
*!
**'
*
.15 15-16
5 15-16
•«
!
sterling:
GOLD AND SILVER IN BANK OF FRANCE—(00.000s omitted.)
II
Gold. Silr’r Total
Nov.
Dec.
1905.
\ Gold. Silv'r Total
t £
£
;
42.3 156.5 Jan.
20j 107.7“
42.4 150,S Feb.
23! 112.S
42 0! 158.0 March 30 110,0
£
Jan.
25 114.2
Feb.
22 1 14.4
March 29 110,9
April 25 119.8
May 31 1 17.0
June
28 1 17.9
20 110,9
July
Auk30 110,7
Sept. 27 11 4 .8
()ct.
25 112.8
£
42.2i 102.0 April
27; 111,7
30! 114.0
42.51100.1 May
42.7jlOO.fi June
291115.3
42.5:159.4 July
42.1! 158.8 Aug.
41.9 150,7 Sept.
41.31154.1 Oct.
40.4 150,7 Nov.
40.0 148,2 Dec.
291110,3
27 i 108.2
27 117.3
31 118.8
28 118,5
20110,0
30115.7
28; 115.1
'
£ '
1904.
£
j
!
£
44.0 151.7 Jan.
44.1 150.9 Fob.
44.0 154,6.March
43,9 155,6'April
44,3( 158.9 May
44.4
44.4
44.3
43,9
43.8
43,7
43.0
Gold\Silv'r\Tolal
159,7 June
101,7 July
163,lj!AuK161,5; Sept.
100,4 Oct.
159,4 Nov.
158,1 Dec.
28
25
31
|
£
£
4
140
28
77
120
days!
Jan
Feb
Oct
Dec
4
21 3 %
31 3
94,5|
44.0 139,1
30 111.0
28 108.7
25 107.01
29 105.7
27 104.3j
24 100,1j
29
45.3 150,3
45.1: 153,8
28 97.21 44.7 141.9
20 109.4 45,0 154,4
44.9i 152,5
44,4 150.1
44,0 148,3
44,2!
150.3
i
from Great
EXPORTS OF TEXTILE FABRICS.
days
7
254
days
days
Dee
3.29 360
.
average
_
_
1
■
23
14
238
90
1
9
3.33 365
Mav
4
davs June 22
davs Sept 14
davs iOct
12
days
days
1905.
Man
davs Mch
i j Sept
to
to
to
to
Oct
20
daysjj Year’s
to
to
to
to
to
:
Year’s Exports.
yarn
.
.
.
Mch
8
0
27
31
2
3
4
%
—
07
182
21
95
—
..
days
days
days
days
—
•T 4
--
3
•1
%
3
4
%
.)
0
95
28
49
84
28
8
73
4.27 305
_
_
.
_
.
.
yds. I
190.900.800
.ibs.i
55,344,900
79,980.001)
..
i
i
-
days
-
appended table, made up from the official statements
of the Bank of England, shows the
position of the* Bank as
regards bullion, reserve, &c., each week of the year:
£
2.463,473
1 ,978.140
..
j
8.955,098
64 .078,276
480,093
1 .953,009
902,618
4,318,210
4,209,523
600,772!
j
1 .008,831
927,617|
5,320,744
5.340,065
9.736,374
6,827,800
4,841 .869
4,243,949
9,162.548!
7.491.431
6,535,201
6,663,486 i
i
EXPORTS AND
i
*
.
Exports.
--
_
Total merchandise
Excess of
imports
1906.
.
over
exports
'
i
1005.
i
£
1
1904.
£
375,072,913 329,816,614 300,71 1 ,040
85.103,380 i 77,779,913* 70.304,281
400,830,299
7 m ports.
into
IMPORTS.
C
products
Re-shipments of imports.
Home
Total exports
The
£
70,821 .1 19
..
103,931,000
10,318,5541
75,394,237
850,081
^
54,378,300
67,121 .100
72,288,10oj
106,523,400
,835,907
11
■
161.763,200
The complete trade figures of imports and exports
and from Great Britain for three years are as follows:
days
days
days
days
days
days
183,445,900
49,599,900!
£
I
days
days
99,252,200
yds.
,
..
1904.
207,373,100
205,100.5001 103,901 ,400
yds. 6 261,295,000 0,196,783,900! 5 ,591 ,822,000
lbs. j
53,100,000
46,201,900
45.948,300
170,383.800' 197.031,500
yds.]. 172,932,100
14,975,500
14,694,300
14,750.500
lbs.|
vds.j
......
.
305
3
3
.Tune 21
13
Sept
1 1
Oct
19
Oct
31
Dec
average_
3
.
..
.
1905.
.lbs.;
.
Piece goods-.=
Jute yarn
Piece goods
Linen yarns
Piece goods
Woolen yarn
Woolen tissues.
Worsted tissues..
Values.
Cotton yarii.........
Piece goods.
Jute yarn.
Piece goods
Linen yarn
Piece goods
Woolen yarn
Woolen tissues
Worsted tissues..
1906.
j
Quantities.
Cotton
__
1 05
April
.
23 4
0 3'.1
3
31 4
days
April 14
Year’s average
days
days! i
days |
days
days
days
days
'
93.81 44.1 137.9
93.8
44.3 138.1
Britain for the last, three years are given in the following table:
of dags.
3.75 365
.
.
1902.
1
23
0
2
45,0
41 ,8
26,4
24 2
3%
3%
3 %
3 %b .3
The situation of the Bank of France as to its stock of gold
silver, according to the last returns of each monthjof
1904, 1905 and 1906, was as follows, stated in pounds
.
Sept
Sept
7
4
!
2 days jSept 28
Dec
! 35 days
5
4 } ■: i 1 4 days i
Year’s average
4
105 days
3 % |
7 -days!!
3
i 1 40 days
4
i 02 days !
1900.
IJan
1
to
1
April
3.72 305 days April
to
0
May
1
1
Year’s average
Jan
Jan
Feb
Oct
!
33,0
32,3
31.9
37,1
The (plantities and values of textile exports
7
Jan
j
6,1
6.0
29.0
28,4
3 %
3 7-16
1
1899.
to
HATE
ENGLAND
Rate! Xumber
% I of da us.
i
Year.
July
31,1
| 33,3
28,4 ! 32.9
28,5 I 32,8 1
28,7 ! 30,0
28,8
29,1 i
*
BANK
1
19
2
24....
42,4
40,8
40,1
40,5)
9,3 j 40.4
42.3
10.6
8,3 j 44.2
8,9
9,6
8,8
29.2
16,0
10,0
10,0
10.0
10,0
16,0
16,0
16,0
16,0
10,0
16,0
7,0
]
16,0
16,0
10,0
43,2
45.4
26.6
30,4
34,0
32,0
31,2
31,5
32,0
29,1
29,5
31.4
36,5
29,4
28.8
29,8
29,4
28,1
16,0
17,0
16,0
16,0
16,0
42,5
24,5
36.8
16,0
10,0
3%
3%
3%
3%
3%
23,8
33,7
35,3
10,0
40,9
43.2
0,2
28,1
!
27,4
27,8
28,6
16,4
16,1
16,1
16.1
16,1
10.1
16.0
16,0
16,0
16.0
16,0
16,0
10,0
3%
3 15-16
22,0
22,7
and
1900
4'7-lG; h 2 11-10; d 3 9-10; h 4 1-10; k 3 11-0;
year
j 29,8
38,0
33,3
15,2
16,4
42,2
43,8
45.7
8.9
9.2
11.2
11 .3
9.7
29,2
28,4
28,5
^ •>
%
3 23-32
42.1
10,6
31.0
29,1
%
4a
42,2
11.1
35,1
34,7
34,0
£
17.8
18,8
21,0
(in Dale when tills rate was made was Sept. 28 1905.
(ft) April 5 1906;
(0 May 3; (d) June 21; (e) Sept. 13; </> Oct. 11; (g) Oct. 19.
% j 7 % 7 % 7 % 7 l;
iN. X. X. N.
5
%
37,0
37,8
38,5
38,1
!
i
7.2
9,0
9,7
9.5
8,5
9,5
37,4
37,3
37,2
30,8,
30.3
£
42,4
37,0
33,2
37,2
34,9
33,3
34,3
35,8
X.
4
4 % 4 1 4 4% 4% 4%
30,8
«»
28
5
12
19
9,1
11.5
11 .4
12,1
37,2
37,0
28,2
.
8.6
34,8
14....
.
8,2
9,4
10,3
10.0
33,4
33,7
33,6
21
.
8,3
31.2
31 .0
28,8
28.0
4
4
33,1
32,5
3
=5
•
4'; 4
4 % 3
4
%
In the subjoined statement we show all the
changes in the
Bank of England rate in each
1S99
Jan
Jan
Feb
4
4
4
%
j
Open market...
Copenhagen—
4
4
44
0
X
i
% 3 %‘3 % 4 U
3 % 3% 3% 4%
i
% 4
4
4
4
4 %
% 3 % 3 % 3 % 4 % e
3 1 -j 3
3 % 3
—
Bank rate
4
4
%
0
i
3
4 % 4 .% 4 % 4 % 4 % 4
2% 2 % 4% 3 >4 4
4 % 4 % 4
b
0
'
3%
!
!
3" |3
4 % 4
5
'.»
(/
'
4
November
7
5
-
4
December
—
4
3
5
4 % 4 % 4 % 4 %; 5
0
3 % 3% 3% 3% 3% ,4% 5 %
%
Bank rate
!4
1
Open market. ..'4
,3%
Vienna
Bank rate
4 %;4 %
Open market.
a
|4
St. Petersburg—
i
Bank rate..
7
8
Open market
X.
X.
e
3
j
Bank rate
Open market
Madrid
3
4
9,9
9.5
;
j
£
45,5
41,8
41,0
42,7
43,7
42,8
44,7
43,5
48.5
48,1
44.8
42.1
42.1
42,7
44,0
42,7
42.7
44.0
48,4
45,9
43.5
43,6
42,4
15,6
10,1
O
17,4
18,3
12,8
13,4
13,9
12,6
12,7
39,0
42,5
18,1
17,4
19,1
19.4
19,3
5
?«1
it
■
£
41.8
16,8
5
50,1
45,3
9,6
13.7
Ko
6
o
48,0
41,1
47,3
7.8
8,0
33,8
29,2
29,1
28,7
28,4
29,1
29,7
29,3
28,8
28,7
September 5
£
9,5
8.1
7,7
37.2
29,0
29,3
•) •>
l
*
1
fv*
1
O
35,0
30,0
30,0
15
4
£
28,7
29,8
31,0
32,4
32,8
33,6
34,1
36,0
37,3
37,7
38,1
38,7
38,5
29.9
8
4 4
£
29,3
29,4
28,4
28,3
28,5
28,2
28,1
27,9
k
o'*}
a
V.
k.
•si
a
^
CD
K
v!
s
e.
*
£■«
!
w St
a
j
*5
S
'J
«
a
27,9
28,1
28,5
29,2
29,3
28,9
28,7
29,1
28,8
28,7
28,0
28,9
29,0
28,0
28,9
29,4
30,3
30,1
29,9
9
4
24 7-16 26%
are the bank and open market rates Of
number of the principal Continental cities on
.
•>
July
The
S'®
28,3
28,3
.
7.
14
21
28
4
11
18
25
April
4
Year 33%
4
March
j
■
III
5
price of silver in London
1
!
£
-
<
show the
we
1
8
A
©
In the table below
securuus.
,
i
w
Indian mints.
ver.
I
9
1906.
1900.—(00,000s omitted.)
ut posits.
1
Jan. 26
407,596.527137 1 ,01 5,321
007,987,893 565,019.917 j 551 ,038.028
147,151.594 1 57,423,390 j
180,023,307
as
from Great Britain have been
inclusive:
Tlie exports of iron and steel
below each year since 1870,
EXPORTS OF IRON AND STEEL FROM GREAT BRITAIN.
Other
Rails.
Pit7 Iron.
__
1903
1902.
1901
1900..
1899
...
_
1898
.
.
1897
1896
1895
1894..
1893
.
.
1892..
1891
1 890
1889
1888
1887
1886
.
..
....
....
.
.
.
1885...
1
1883
1
1
1
1
1
■
1.882
1881
1880
1.879
1878
1877
1876
|
604,076
1
716,210
572,724
463,731
-
590,667
609,403
782.045
747,662
457,552
425,242
558,375
468,003
702,247
1
1
,485,815
,649,455
1
,746,171
1,592,094
1 ,702,957
1 ,782,571
1,51 1 ,421
1,595,771
1,457,905
1,504,224
1,697,844
i
j
1 ,05 5,431
1 ,089,892
1 .020,002
1 .01 1 ,779
Imports —
January
.
936,949
820.671
693.696
464,878
44 1 ,384
497.924
4 1 4 .556
.
April
May
1 ,466.055
3,792,993
2.883,484
2,296.860
2,346,370
2,224 ,470
1,196,170
935,195
965.285
899,809
.48,009,674
.48,894,624
44,711 .838
46,862,991
.45.068.557
45,732,648
.54,639,318
55.7 18,868
54,673.982
48.070,4 18
53,146,93 4
53.120,486
Twelve months. ..607,987,89:1
965,019,917
.
.
_
October
.
.
November....
December
as
follows:
+ 5,709,370
+ 4.683,898
+ 4.287.275
+ 3,771 ,405
-*-4 ,597,490
.47,892,709
.
'
.
47,766,460
42,844 ,937
43,282,826
August
September
b
£
47,054,231
.51,430,457
.
July
3,820,315
£
48,983.312
The exports since Jan. 1
havejboen
Per
('cut.
+ 12.0
+ 10.9
-)-8.8
Difference.
*
"
as
.552
4 ,353
£
40,832.907
43,557,407
June..
4,043,308
1 ,658,551
1 ,517,458
1905.
..53,270.587
..
i
1906.
February
4,186.182
5,966,565
4,145,028
5,589.197
5,150,682
3,496,991
'
1,605,289
1 ,455,475
1 .497,459
1 ,508,095
imports since Jan. 1 have been
March
4.001 ,450
|
1 ,974,075
971.165
_
2,649,998
2,856,574
2.759,279
5,240,146
I
1 ,820,751
-.a
The British
2,855,541
1,905,919
1,910,242
739.651
714.276
728.540
.269,576
,564,048
,758,072
,480,196
.632,343
.223,436
924,646
881 ,442
910,905
Tons.
4,688,840
5,721,582
5,262,842
5,564,601
5,579,104
2,897.719
5,540,689
5,717,18 )
5,244,550
5,080,100
4,550,598
i
+ 8.7
+ 9.8
+4,335,302
+ 9.9
+ 3,867,836
+ 2,031 .633
—604.091
+ 5.962,900
+ 1 ,553,496
j- 8.6
+ 4.3
.—1.4
+ 12.3
-4-4.9
+ 2.9
+ 42,967,976
+ 7.9
+
2,601 ,934
follows:
1906.
£
1905.
Difference.
£
£
January
February..
80,774,811
28.781,128
24,989:777
+ 5,785,034
March
31 ,651.162
25.269,063
28,070,823
1,138,468
+ 3,512,060
+ 3,580,339
+ 2,893,838
80,525,153
33,234,331
32,975,162
31,409,175
27.252,693
25,985,397
27,821 ,051
29,517,836
29,350.460
29.367,556
29,608,149
28,052,194
+ 4,653,790
+ 5,621 ,91 1
+ 3.974,778
+ 1.174 ,693
+ 3,866,775
+ 3,367,013
+ 2,756,981
Per
Cent.
+ 23.2
+ 13.9
+ 12.8
+ 12.0
+ 1 6.;>
+ 18.0
+ 20.2
+ 18.4
+ 4.0
+ 13.2
+ 1 1 .4
+0.6
375,672,913
29,816,614
+ 45,856,299
+ 130
Exports—
April.
May
27,09 2,806
81 ,729,927
...
_
June
July
August
39,689,187
83,442,962
...
38,492.614
.
September
.
October.
November
December
Twel v e
mont
2
c
4,477.234
Jan. 1
coloniarproduce since
following contrast:
L
1906.
Re-exports—
1905.
£
£
January
February
March
April
May
June
July
August
September
October..
November
December
.
7.445,855
7,995,860
7,276,397
6,1 13,887
7,619,723
6,812.209
7,332,086
7,116.655
6.303,877
6,805,433
0,399,164
5,773,478
7,252,029
6,059,325
6,924,140
5,520,763
7,141,882
7,352,322
7,746,072
.a
x*i
Per
Difference.
£
Cent.
+ 1 .331 ,968
+ 376,137
+ 21.8
+ 4.8
+ 6.9
+ 464,188
+ 1 ,028,209
+ 311 ,222
+ 852.865
+ 285,847
6,427.636
5,521 ,237
6,235,810
6,692 .958
7,093,109
,
+ 16.3
+ 4.5
+ 13.3
+ 5.0
+ 7.7
0.08
+ 496,504
474
+ 906.072
+ 659,364
+ 652,963
—
Twelve months.
77.779.913
85,163,386
+7,383,473
.Vote.—The acrefreerate furores are official.
They indicate that
justments have been made in the monthly returns as issued.
—
'
+14.6
+ 9.8
+ 9.2
+9.5
_.
slight ad¬
ITEMS \AB0UT BANKS, BANKERS AND TRUST CO’S.
—The public sales of bank stocks this week aggregate 200
shares, of which 110 shares were sold at the Stock Exchange,
and the remainder at
company
was
stocks reach
Hank of
85
Lincoln Trust Co
10
N. V. Life Ins. 6c Tr. Co
The transactions in
-
March 3 1903
—At the annual meeting of the. Louisville
Clearing House
inst, Logan C. Murray (President of
the American National Bank) was elected President, to
succeed Samuel Casseday.
James S. Barret was elected
Association
on
the 15th
Mercantile
St., and
of the
succeeded by F. W. Kinsman, late President
Bank, on West 125th St. Mr. O’Brien
step in order that he may devote all his time to
of the Mercantile National.
Since assuming direc¬
was
Hamilton
takes this
the affairs
tion of the New Amsterdam National about a year ago,
he
up-town
institution.
Mr. O’Brien remains a director in the New
Amsterdam National, which he believes has a bright future.,
situated as it is in an increasingly important, business dis¬
trict.
Mr. Kinsman, President-elect, has sold out his in
tercsts in the Hamilton Bank to E. It. Thomas and O. F.
Thomas.
Under Mr. Kinsman’s direction the Hamilton
Bank has prospered and grown until it now has several
branches.
The Mercantile National’s net deposits have in¬
creased from 815,924,247 to $18,530,039 during the past
has had to divide his efforts in the Mercantile with the
week.
banquet of the Associated Banks of New
City, Group VIII., will be held next Wednesday even¬
ing in the grand ball room of the Waldorf-Astoria Hotel.
By seating the guests at tables arranged for parties of eight
and a few of sixteen, the effort will be to make the occasion
as enjoyable as possible.
The subjects of the speeches will
be left entirely to the suggestion of the speakers.
—The annual
York
—The
quarterly dividend to be paid Feb. 1 by the Astor
National Bank of this city has been increased to S%
,
6}4%
having been paid at each quarterly period heretofore.
an increase in the yearly rate from 25% to 32%.
This
is
Bank of this
E. Hayward Ferry
vice-presidency he
succeeds Williams Halls Jr., who, however, remains a
member of the board.
To accept the office Mr. Ferry resigns
a meeting on the 22d inst, elected
director and Vice-President.
In the
city, at
a
as
Vice-President of the National Shawmut Bank of Boston.
—The
newly organized New Netherlands Trust Company
city will soon make application to the courts for per¬
mission to change its corporate name to the Astor Trust
Company. The new banking institution was formed last
year by interests identified with the Bankers’ Trust Com¬
pany, 7 Wall Street, and will locate on the northeast corner
of Fifth Avenue and 3Gth Street, when its quarters are ready
for occupancy late in February..
As announced in these
columns last September, Edmund C. Converse, who resigned
the presidency of the Liberty National Bank two weeks ago,
will take active executive charge of it, while Thomas Coch¬
of this
rane
Jr. and Seward'Prosser
are
to be Vice-Presidents.
—Howard E. Rank and Lamar Ross were appointed
Eighty shares Assistant Cashiers of the Oriental Bank of this
city at a
Park Bai k W<T( sold in two lots
meeting
of
the
directors
on Wednesday the 23rd inst.
jance of 14 points over the price
—The Aetna National Bank of this city, which is shortly
year wh en the last previous' sale
to increase its capital from $200,000 to $300,000, reports
( 7 lose.
Lou\ mph
Last previous sole.
earnings a little in excess of 23% on its capital during the
185
183
185
Jan.
1907— 184
The bank has not as yet paid any dividends,
past year.
465
465
465 4 I >ec
1906— 451
having pursued the policy of passing its earnings
325
325
325
Jan.
1907
325
to the surplus account.
\<ie York.
It is the purpose, however, to com¬
390
390 'i 390
Jan.
1907— 395R
mence the payment of dividends on an 8 or 10%
basis on
1010
1010
i 010
Nov
1906 -1021
January 1 1908. The bank has been in business since Oct¬
—San Antonio, Texas, was designated a reserve city on
the 2d inst. under the act of March 3 1887 as amended by
of
O’Brien, Vice-President of the
trust
Sold at the Stock Exchange.
act
M.
-
.
TRUST COMPANIES
the
—Miles
National Bank of this city, yesterday resigned the presidency
of the New Amsterdam National Bank, Broadway and 39th
.
.
Park Hank. National..
10 State Hank
x
these have been withdrawn.
total of 95 shares.
a
HANKS.—New York.
xl 10 Commerce, Nat.
80
auction.
made.
Shares.
requires the filing of monthly statements by all trust
companies, the same as banks. In order to arrive at a
better understanding of the new regulation, a conference was
held, prior to the Association’s annual meeting, between
the Committee on Supervision and representatives of the
trust companies.
A report of this committee was submitted
to the Association, but its consideration was postponed.until
the next meeting.
It is stated that very few. objections
were made by the trust companies to the requirement, and
—The directors of the Hanover National
hs
The re-exports of foreign a id
show the
+
Vice-President and Isham Bridges was re-elected Manager.
resolution was lately * adopted by the Clearing House
A
which
Total.
!
2,561.164
2,191,957
1,927,171
1,895,145
1,759,248
525,37 1
960,93 1
1 884
!
Tons.
463,240
546,569
1,064,442
982,876
810,934
1 ,065,380
1,102,566
839,182
1 ,427,525
1,380,342
1,042,853
1 ,201 ,104
1 ,060,1 65
866,568
830,985
840,294
767,053
840,055
1,145,268
1,190,371
1 ,036,319
1,158,174
1 ,044.257
...
-
Descriptions.
Tons.
Tons.
1906
1905
1904
VOL. LXXX1Y,
THE CHRONICLE.
196
ober 1904.
—The business of the New York National
Exchange Bank
Irving National Bank of this _city was merged on
the lfith inst..with the adoption of resolutions by the boards
of the respective institutions.
The legal formalities of this
and the
consolidation,
to
which
12, will bo completed
on
of tin* institution* will
we
adverted in
our
issue of January
February 19, when the. stockholders
special meetings'-.to ratify the
hold
JAN. 26
1907.]
THE CHRONICLE
action of their boards.
National
The stockholders of the New York
Exchange Bank will also vote
—The directors of the
upon
to the
—Loran L. Lewis
Nathaniel Rochester
of
Street,
decided
L. Saltonstall and Charles W. Whittier.
—The
soon as
died
elected
over
the assets of the National
to $600,000
for the stock of the Exchange bank. It is said that
to place the banks on an equal basis it will
probably be neces¬
sary for the National Exchange Bank to declare an extra
dividend of 20% to its stockholders.
While the consolidat¬
ing banks each have a capital of $300,000 and surplus of
$100,»)00, the Exchange Bank lias also undivided profits of
about $60,000. The enlarged First National Bank will have,
besides a capital of $600,000, a surplus of $200,000.
Fred¬
erick A. Mead, who became President of the First National
in May 1905, is to continue as chief executive.
John J.
Vice-President
Gallogly,
of the National Exchange, will have
to pay
a
similar office in the
bank.
The
uniting institutions
relationship with the Albany Trust Com¬
pany, President Horace G. Young of that company being a
new
have bc.cn in close
Vice-President
of the
National Exchange.
First
National and
a
director of the
of
Haverhill,
Noall, previously Vice-President, has been
presidency of the Appleton National Bank of
reported that, interests in the Chelsea Trust Company
Chelsea, Mass., now in process of organization, have se¬
cured controlled 7,000 sImres of the stock of the Winnisimmet
National Bank of Chelsea.
It is stated further that
an
oiler of $165 per
share (par $100) has been made for the out¬
standing stock by F. S. Moseley & Co., who represent the pur¬
chasing interests. Thu acquisition is taken as an indica¬
tion that tlie business of the bank will be taken over by the
new trust
company.
The bank has a capital of $100,000.
Buskirk have been elected Vice-Presidents.
Exchange, increasing its capital from $300,000
Bank
—It is
ragan continues as President and Frederick G. Perkins re¬
mains as Cashier.
William 11. Yrecland and De Witt Van
the First National is to take
the
National
of
Bayonne, N. J., which is a
conversion to the National system of the Bayonne Bank,
has commenced business under its new title. George-Car-
to
to
J.
Merrimack
the Fall River (Mass.) National
Field.
—The First National Bank «>!'
identity through consolidation with the First National
Bank of that city.
Both banks have a capital of $300,000,
the First National having been increased to that amount from
$200,000 about six months ago. Negotiations toward con¬
solidation have been in progress, it is stated, for some time
past, and the desired end was made possible through the ac¬
quisition last week by President F. A. Mead of the First
National of about 600 shares of National Exchange stock
held by Mrs. John D. Parsons Jr., the widow of its former
President.
At meetings of the directors of the two banks
on Wednesday, the
proposed consolidation was recommended
for acceptance by the stockholders.
According to the plan,
also identified with numerous
—WendelEE. Turner has been elected Vice-President of
Bank, succeeding Herbert
^
organization of the Mount Vernon National Bank
Vernon, N. Y., has been completed, with the elec¬
tion of tin* following officers: President. Horace
Loomis; VicePresidents, Herbert T. Jennings and 1). M. Hopping, and
Cashier, S. K. Raymond. As noted in an earlier issue, the
capital is $200,000.
Exchange Bank of Albany, N. Y., is
was
Lowell as’sucecssor'to Charles II. Allen.
of Mount
—The National
He
Dutton Jr. has been elected Second Vice-
of the
—Elisha
—The
lose its
as
corporations.
—Charles II.
ough) will also open a Manhattan office about April 1 next,
being in the new Evening Post Building at 20
Yesey Street. The interior fixtures and decorations of its
banking room- are to be of a unique character.
York.
the ISth inst.
President
Mass.
its quarters
meeting of the board of trustees of
Savings Bank of Albany, Egbert B. King re¬
signed as Treasurer and was succeeded by Frederic B. Stev¬
ens.
A vacancy in the board, occasioned by the resignation
of J. Townsend Lansing, was tilled
by the. election of J>r. An¬
drew S. Draper, Commissioner of Education, State of New
on
other
—The Home Trust Company of New York (Brooklyn Bor¬
—At the late annual
Company of
changed to the American Trust Company
legislative permission is obtained to that end.
—George F. Fabyan, a member of the dry-goods firm of
Bliss, Fabyan A Co. of Boston, and one of the incorporators
of the Old Colony Trust Company, of which he was a
director,
states
the National
of the American Loan & Trust
name
Boston is to be
upon
Miller
Colony Trust Company of
day, increasing the number of directors from twenty-four
thirty. With the exception of. the late George F. Fabyan,
the old board was re-elected, and the following chosen as
new members: Charles S.
Mellon, Robert T. Paine 2d, Philip
by the board of directors last
that the opening of this
branch is simply for the convenience of its
many New York
City patrons, the demand for such a step being imperative.
was
Vice-President
to
the
President
a
Boston adopted an amendment to the by-laws on Wednes¬
—Arrangements have been perfected for the opening of a
Manhattan office by the Brooklyn Trust Company of Brook¬
lyn Borough on or about May 1st. The establishment of the
new office, which will be located at 90
Broadway, corner of
Wall
R. B. Adam has become
—The stockholders of the Old
already long-established relations with
Brazil, Argentina, Uruguay and Paraguay.
week.
Buffalo, N. Y.
recently chosen to replace the late
President of the Third National Bank
was
as
of the institution.
—The New York Agency of the London and River Plate
Bank, Ltd., has been advised by cable of the opening of a
branch at Valparaiso. Chili.
This agency, at ol Wall Street,
is hence now in a position to accept business for that
port
addition to
Fidelity Trust Company of Buffalo,
George D. Sears
positioned’ Trust Officer.
N. Y., at their recent annual meeting elected
the propositions
to increase the capital from $1,000,000 to $2,000,000. to
change, the bank’s name to the Irving National Exchange
Bank, and to amend the articles of association so as to provide
for a board of twenty-four members, and the election of
three vice-presidents.
The new stock is to be issued at $150
per $100 share.
The stockholders of the Irving National will
take action February 19 with regard to placing
their bank
in voluntary liquidation.
in
197
—The stockholders of the failed
Pynchon National Bank
Springfield, Mass., have been notified of an assessment
of 49% on their holdings, to be paid on or before
January 26.
To shareholders paying 25% of the assessment by that date
an extension to pay the remaining
24% by February 24 isgranted. The bank (capital $200,000) went into receiver’s
hands in June 1901.
While it is stated that through the
settlement of a patent suit now pending the amount of the
assessment may be refunded, some dissatisfaction is ex¬
pressed by the stockholders at the levying of the assessment.
In March 1902, when arrangements were being perfected for
the settlement of the bank’s affairs, the stockholders took
up at 95 bonds of the American Writing Paper Company
(par $100) to the amount of $577,000, held by the bank at
the time of its suspension.
Those who bought the bonds at
this price and sold them at 71 feel that with the present
assessment they arc being asked to pay more than the legal
limit of 100%.
The depositors have thus far received 98%
of their claims, but besides the remaining 2% they are also
of
,
entitled to interest
on
their claims.
—The Fidelity Trust Company of Portland, Me., which
began business less than a year ago—that is, on April 9 1906
—reports deposits January 19 1907 of $842,366. On October
17 the amount of the deposits was $648,918.
In the inter¬
.
val undivided
profits have increased from $S,K66 to $16,542
and aggregate resources have risen from $960,209 to $1,181 ,334.
The institution has capital and surplus of $150,000'
each.
Its officers
Sumner Cook
and Ernest J.
and
Edward P. Ricker, President; Charles
Frederick O. Conant, Vice-Presidents,
are
Eddy, Secretary and Treasurer.
hundredth anniversary of the Farmers’ A
Mechanics’ National Bank of Philadelphia was celebrated
on the 17th inst. with a
banquet at the Bellevue-Stratford.
The event was marked by the delivery of several apt addresses,
the principal speaker being Charles II. Treat, Treasurer <4
the United States.
Other speakers at the gathering were
Joseph Wharton, President of the American Iron A Steel
Association; Edward T. Stctesbury; State- Treasurer William
—The
one
W. N. Ashman of the Orphans’ Court, and John
Weaver, Mayor of Philadelphia. President Howard W.
Lewis, who presided at the affair, reviewed the history and
development of the bank since its beginning on January 17
1807.
During the hundred years it has handled $563,000,000
for the nation, $268,000,000 for the State of Pennsylvania
and $646,000,000 for the City of Philadelphia, and this
without the loss of a single penny.
The bank wras national¬
ized in 1864, and in 1868 it was appointed loan and transfer
agent for the State of Pennsylvania and the Philadelphia
Clearing House Association; since 1872 it has acted in a
similar capacity for the City' of Philadelphia.
The institu¬
tion now has a capital of $2,000,000 and surplus and profits
of $1,170,000.
Altogether it has distributed $12,497,000
in dividends during its existence.
a
H. Berry,
during which the jury considered the case Mr. Moxey
only testify to his conclusions, and not to the specific
facts in detail—much less all the facts which would explain
or justify the acts or transactions presented in part—and
in the absence of an opportunity for Mr. Walsh to present
any explanation or defence, it was natural for the jury to
accept Mr. Moxey’s statement.” They add that Mr. Walsh
looks forward to the opportunity of vindicating himself from
these charges upon a fair trial.
The basis of any offence de¬
fined by the National Banking Act, they state, is criminal
his life John R. Walsh
with
successor.
Ohio,
and with the sale of the
stock at'$125 will create a
Company of Milwaukee. Wis., an¬
co-operation of Walter S.
Denning in the management of its bond department, for the
sale of bonds and investments of every description.
—The Citizens’ Trust
that it has secured the
nounces
—On the 15th inst. Robert
elected President
of Milwaukee, Wis., to
Camp
was
Trusty Company
replace the late J. II. Van Dyke Jr. David 0. Green,
Charles Allis andjGeorge^P. Mayer have been elected directors
of the company, and in addition Mr. Green has been chosen
Vice-President and Treasurer, while Mr. Allis has also been
elecfrwL. a Vice-President.
Scranton Stockdale is Secre ary
and P. O. Kannenberg Assistant Secretary.
.—A. E. Nelson has been elected Cashier of the Union
State Bank of Minneapolis to succeed L. Jacgar.
of the Milwaukee
George II. Worthington replaces him on the board.
opening of the American Trust & Savings Company
Springfield, Ohio, lately formed, occurred on the 5th inst.
N. II. Fairbanks is President of the new institution, which is
domiciled in especially well-appointed banking rooms. The
company has as Vice-Presidents Paul A. Staley and W. II.
McCord, and II. E. Freeman is the Secretary and Treasurer.
—The new Mercantile National Bank of Evansyille, Ind.,
formed several months since with $200,000 capital, has com¬
menced business.
It. is managed by James V. Rush, Presi¬
dent; Louis A. Daus, Vice-President; Joel Bailey, Cashier,
and Ezra II. Bauer, Assistant Cashier.
—The stockholders of the Grand Rapids Savings Bank of
Grand Rapids, Mich., are interested in a new bank to be
established at Madison Square—a suburb of Grand Rapids—
and incorporated under the name of the" Madison Square
Bank.
Frank J. Cook will be manager of the institution.
—The
of
new
since last March.
C. Richardson has resigned as Vice-President and
director of the Cincinnati Trust Company, of Cincinnati,
changes in the Minnesota National Bank of Minne¬
at the recent annual meeting were the election of
—The
apolis
Williamsons']Vice-President, succeeding S. T. John¬
Frank L.
Cashier, re¬
placing H. G. Merritt, who remains a director of the bank.
—In our item last week regarding the increased surplus
son,
and the election of J. D. Uttendorfer as
Bank of Minneapolis,
stated that the bank had also increased its rate of interest
the
of
ws
Swcdish-American National
These remarks with regard to the increased
the Swcdish-American Savings Bank,
separate institution under the same management as the
from 3 to
funds of
indictment of
charges alleging misapplication of the
National Bank of Chicago, 111., an
returned on the 18th inst. against its Presi¬
dent, John R. Walsh, by' the special Federal Grand Jury of
the Northern District of Illinois.
Mr. Walsh gave bonds
to the amount of $50,000.
Feb. 6 has been set as the date
for the tiling of pleadings to the indictment.
The Chicago
National, it will be recalled, and two other Chicago institu¬
tions controlled by Mr. Walsh— the .Equitable Trust Company
and the Home Savings Bank—closed their doors in Decem¬
ber 1905.
In a statement issued on Friday the 18th inst.
by counsel for Mr. Walsh, namely, John S. Miller, Edward
C. Ritcher and Samuel R. Hamm-ill, suspension of public
judgment is asked until there has boon a fair and impartial
“An indictment,” they state, “does not raise even a
trial.
presumption of guilt. The presentation of the matter before
or any act
surplus of $25,000. This institution, formerly the Manu¬
facturers’ Bank,, has been operating as a national bank
—C.
182 counts
criminal act
—Robert"; M. Wells, long identified with the hardware
Nellegar Company, has been chosen VicePresident of the Bankers’ National Bank of Chicago, and
after Feb. 1 will actively engage in the banking business.
—The Monroe National Bank of Chicago will, it is under¬
stood, increase its capital on April 1 from $200,000 to
$300,000. The bank now has undivided profits of $22,000,
opened for business in its quarters in the Harrison Building
The capital, as before pointed out, is
on the 21st inst.
$500,000 and the surplus $50,000. Dr. J. M. Crawford,
former Consul-General of the United States to Russia,
is President of the institution; William Christie and J. M.
Blair are Vice-Presidents; Herbert N. Winans, Cashier,
and O. L. Ballinger and James M. Fisher, Assistant Cashiers.
the Chicago
a
house of Wells &
presidency of the Canton National Bank of Baltimore. In
his new offic i e succeeds H. J. McGrath, whose re-election
at the annual meeting on the 10th inst. was announced as
only temporary, he having consented to accept the post
—On
did
Guaranty Company of Chicago lias added
department to the regular lines of work which it has
heretofore performed.
In this department it will attend to
the preparation of municipal and corporation bonds, secure
the services of a trust company as trustee for bondholders,
prepare the necessary deed of trust read}' for execution by
the officers of the corporation and the trustee, attend to all
details of an issue of bonds, and certify to the genuineness
of the^bonds and the legality of the issue.
The company
claims to be the only one in the West to engage in this par¬
ticular work.
Its capital is $500,000.
Frederick M. Steele
is President, Charles L. Furey Vice-President, Lewis W.
Pitcher Secretary and James L. Bigelow Treasurer.
—E. M. Bigelow, who has been Vice-President of the
Liberty National Bank of Pittsburg i, has been elected Presi¬
dent in place of Ira F. Brainard.
—Frederick A. Dolfield has resigned as Assistant Cashier
of the National Howard Bank of Baltimore to take the
American National Bank of Cincinnati,
never
criminal intent.”
a new
,
new
a
—The American
Long, Cashier of the Exchange National Bank
Pittsburgh, was elected President of the Pittsburgh Clear¬
ing House Association at the annual meeting last week,
succeding R. S. Smith. The Vice-President elected was
Charles Me Knight
President of the National Bank of
Western Pennsylvania.
W. W. McCandless was re-elected
Secretary and Manager.
—The
“The defence will be that in the whole course of
intent.
of
suitable
acquaint
the short
could
—Andrew
a
Mr. Moxey, the
time
—Henry Shetline has been elected Vice-President of the
Philadelphia to fill the vacancy due
to the death of George May.
until the selection of
grand jury was necessarily ex parte.
Government expert, worked for eight months to
himself with the accounts of the bank.
Of course in
Sixth National Bank of
Ohio.
[VOL. LXXX1V.
THE CHRONICLE.
198
334%.
interest rate
a
was
concern
national bank.
Worthington, who is reported to have acquired
City»
Mo., has been elected First Vice-President. O. L. Vanlaninghani has been elected Second Vice-President and John
C. Hughes (formerly Secretary and Treasurer of the Bankers’
Trust Co. of Kansas City) has replaced C. B. Gray, resigned,
as Cashier.
C. S. Jobes has behn re-elected President of
—John
an
interest in the American National Bank of Kansas
rthe bank.
proposition to increase the capital of til'1 National
to $10,000,000, acted upon by the shareholders on January 8, was
carried by a vote representing nearly 60,000 shares of stock.
—-The
Bank of Commerce in St. Louis from $7,000,000
|
JAN. 20
1907.]
THE CHRONICLE
Of the 30,000 new shares, 10,000 are to be sold to present
stockholders ai S300 per SI00 share, payable February 1
next, thereby increasing the stock to S8,000,000. The re¬
maining 20,000 shares are to be sold at S100 each to stock¬
holders of record February 4 1907, payable February 14.
An extra cash dividend of S25 per share, payable February 14,
is to be declared on the S8,000,000 stock, and this can be
used to pay for the 12,000,000 issue.
The bank, it will be
remembered, took over the Fourth National on December 11.
When all transactions have been completed and the business
of the Fourth National been
paid for, the National Bank of
capital of $10,000,000, surplus of
$5,000,000 and undivided profits of over $3,000,000. At
its annual meeting three new Assistant Cashiers were added
to the bank's list of officers.
They are J. W. Reinholdt,
who formerly held the post, now discontinued, of Auditor;
A. L. Weissenborn and George It. Baker.
The re-elected
officers are J. C. Van Blarcom, President; B. F. Edwards and
Jno. Nickerson, Vice-Presidents; John A. Lewis, Cashier;
C. L. Merrill, W. B. Cowan, Van L. Runyan, F. W. Wrieden
and G. X. Hitchcock, Assistant Cashiers.
Commerce will have
a
—E. S.
of
Lee, formerly Cashier of the First National Bank
Covington, Ky., has been elected President of the insti¬
tution.
J. H. Becker has become Cashier and H. T. Reinke
Assistant Cashier.
—The organization
bank under the name of the
Covington, Ky. The
capital is to be $100,000. The incorporators are John R.
Bullock, J. A. Downard, J. C. Brown, J. T. hScott, Charles
6. Furber, L. D. Huffman and M. L. Kirkpatrick.
of
a
Commercial National is under way in
—Samuel J. Hinsdale has been elected Cashier of the Caro¬
lina Trust
Company of Raleigh, N. C., succeeding II. F,
Smith, resigned.
—The interest in the Union National Bank of Oakland,
Cal., held by Thomas Prather, who retires as President, has
been purchased by J. Dalzell Brown, Vice-President of the
a
California Safe
Deposit & Trust Company of San Francisco,
The change in control of the Oakland
institution has resulted in the election of Charles E. Palmer,
previously Cashier, as President; J. Dalzell Brown as Viceand his associates.
President
and W. W. Crane
tablished in 1875 and has
a
as
Cashier.
"The bank
was es¬
capital of $150,000.
—The recent death is announced of Andrew
Thomson,
Canada, head office Quebec.
—The banking business of John Curry & Co. of Windsor,
Ontario, has been transfer real to the Dominion Bank of
Canada.
The building in which the concern was located
has also been disposed of to the bank, the purchase price of
the site being,-according to reports, $60,000.
The profit
of the Dominion Bank for the year ending December 31 1906
were $539,360, against $490,495 the previous year, and the
sum of $400,000 has been transferred to the reserve fund,
increasing it to $3,900,000. The deposits arc now $36,876,156, comparing with $34,083,1 S3 a year ago.
—The Royal Bank of Canada (head office Halifax) re¬
ports net profits for the year ending December 31 1906 of
$604,495. Adding the balance of $37,162 remaining-to the
credit of profit and loss December 30 1905, and also the
$990,000 premium realized on new stock issued early in
the year, the bank had available $1,631,658.
Of this sum
$323,783 was paid in dividends; $20,000 was contributed to
Officers’ Pension Fund; $150,000 written off bank premises
account; $73,000 appropriated in writing British consols
down to 80, and $990,000 transferred to the reserve fund
(increasing it from S3,400,000 to $4,390,000), leaving a
balance of $74,875 to be carried forward.
The bank lias
increased its dividend rate from 9% tp 10% per annum,
the January distribution (quarterly) having been 2^£%,
against 2}q% previously. From December 31 1905 to the
same date in 1906 the deposits increased from $26,435,659
to $32,464,086, while the total assets advanced from $30,373,576 to $45,437,517. The capital was increased during
the year from $3,000,000 to $3,900,000.
‘—The Union Discount Co. of London, Ltd., has issued its
semi-annual statement for the six months ending Dec. 31
The gross profits were $1,010,704.
1906.
The deposits on
Dec. 31 were $78,207,549 and bills re-discounted
$30,566,J)S9.
The reserve fund was increased $50,000 and now stands at
$2,250,000. The full statement appears in another column.
President of the Union Bank of
199
fUonctavuiCCoimttcvciatgugUsItUctus
\\WW\VWWW%WVVVVVWV^WWVWV%\VW^WWVWVWVVVVWWVV%,VVVWVVWV\V\\NWV\WWW\\%\V\N\VWWW
(From
our own
correspondent.)
London, Saturday, Janua ry 12 1907.
beginning of the week there was much cheerfulness
in the stock markets, with the exception of the American,
which, owing to the fluctuations in New York, puzzled operatorsv Soon, however, it got to be known that prepara¬
tions were being made for withdrawing large amounts of
gold for South America. As a matter of fact, two millions
sterling were withdrawn on Wednesday and Thursday. For
At the
the moment this checked business and there
back in
prices.
But
was some
set¬
quick rally followed and prices again
advanced.
There was special activity in the mining market.
Several new mines have become gold producers, and a few
mines that never hitherto have paid dividends have become
dividend payers.
Moreover, the monthly returns of the
output show continuous increases. There is, therefore, a
very much more hopeful feeling than there was.
Moreover,
a
it is believed that the Boers
see
that it would be unwise to
get rid of the Chinese laborers until they are sure of replacing
them by natives.
Consequently the fear that labor would
again become scarce is rapidly disappearing. Lastly, those
who are best acquainted with the Transvaal are now hopeful
that the elections will turn out favorably. - Continental buy¬
ing has helped British buying, and in spite of the gold with¬
drawals the feeling in the mining market is decidedly better
than it has been for years.
For the moment activity
ment stocks and for British
in check.
in the market for British Govern¬
railway stocks is held somewhat
But the belief is almost universal that
as
soon
money becomes at all easy there will be an advance in both.
Respecting the American market, there is great diversity of
opinion, some fearing that the investigations into railway
management and finance and the large issues of new capital
will bring about a very bad state of things.
Others argue,
on the contrary,
that if there was any real unsoundness it
would have disclosed itself long before now, and that the
railway traffic returns are so good and the general trade of
the country so prosperous that there can be no serious set¬
back.
But the market here is waiting upon New York and
follows the movements of New York slavishly.
In Paris there is a very hopeful feeling.
Politically every¬
thing is regarded as most satisfactory, both internally and
externally. Money is abundant, confidence is great. Dur¬
ing recent months there has grown up a considerable specu¬
lation on the Bourse, and during the past few weeks there
has been a decided increase in French investments in London,
as
while the French banks have also added to their balances
here.
In Germany, in spite of the 7% rate, there is also a
hopeful feeling.
It is known that the Imperial Bank is
reducing its rate to 6% as soon as possible. It
is hoped that it will be able to do so next week.
In the week
ended Monday night over eight millions sterling of notes re¬
desirous of
turned from circulation.
be still
larger in the
It is believed that the reflux will
eui^nt week.
If
so,
the best opinion in
Berlin is that the rate will be put down to 6%; and on the
reduction the general impression is that there will be a de¬
cided increase in business on the Bourse.
Trade everywhere
continues most
active, and the prospects for the new year
regarded as admirable. The Prussian Finance Minister,
in his Budget statement at the beginning of this week, ex¬
pressed the view that trade throughout Prussia is perfectly
are
sound and most
encouraging.
beginning of the week the market expected a re
duction of its rate by the Bank of England.
On what ground
it based the expectation it is impossible to judge, for every¬
thing pointed to large withdrawals of gold. In addition,
the fall in the New York Exchange upon London -made it
possible that a New York demand for gold might spring up
again. Over and above this, it was known to the well-in¬
formed that the Burma rice export season had begun most
actively, and that the demand for currency in consequence
was so strong that the Indian Government would have to
“ear-mark” gold.
It was no surprise, therefore, to tin; wellinformed that the Bank of England made no change in its
At the
rate of discount this week.
more
Next week
a
reduction
seems
likely.
Rates in the open
market have not stiffened as much as
might have been expected. Loans for a short time are read-
200
THE CHRONICLE.
[ VOL. LXXilV
Supplies available for consumption (exclusive of stock
September 1):
ilyjnade at 4% and the discount rate is little better than 5% .
If there is a fear of shipments to New York, the Bank of
England probably will borrow in the open market. But
hitherto it has not thought it necessary to do so, since the
collection of the revenue is now upon a very large scale;
and, moreover, the Bank holds a large number of bills
which are falling due day by day.
It seems certain, there¬
fore, that in a very short time the Bank will obtain full con¬
Sales of home-grown..
trol of the market.
maize afloat to the United
,
The India Council offered for tender
Wednesday 100 lacs
of drafts, and the applications exceeded 3S1 lacs, at prices
ranging from Is. 4 1-lGd. to Is. 4 5-32d. per rupee. Appli¬
cants for bills at Is. 4 3-32d. and for telegraphic transfers at
Is. 4 5-32d. per rupee were allotted about 38% of the amounts
applied for.
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, &c.,
•compared with the last four years:
1900.
Jan. 10.
£ '
1907.
Jan. 9.
£
28,685,445
Circulation,
Public deposits.—
Other deposits
Ooveram’t securities
Other securities
Reserve .no t csAeoi n
....
1904.
Jan. 13.
£
£
27,945.230
8.514.743
41,754,789
19,408,041
26,510,635
22,418.830
1903.
Jan. 14.
£
2S.414.055
6,185,742
42,941,986
20.947.874
24.957,860
21,424,36.3
31.3SS.41S
28,791,370
8.003.422
6,416,573
40.768.866
47.127,057
17,636.390
17.358,516
27,794.531
32,842,040
21.611.009
21,418,555
'Coin&bull.,both dep 31,054,000
31.914,000
32,227,439
Prop, reserve to lia4.3! *;
bilities
33 4
44 4
p. e.
40
444
4
4
Bank rate.
4
..p. c.
6
89
3-16
88
5-16
87
9-16
3-16
93
■Consols, 2 4 p. e—
87 1-16
30 Kd.
27 9-10d.
22 l-10d.
Silver
32Ljd.
27.4 d.
Cl ear.-house returns 255.131,000 228,921.000 215,482,000 18.3.299,000 174.410.000
-
.
The rates for money have been
Jan. 12.
follows:
as
Jan. 4.
6
Bank of England rate
Open Market rale—
Dec. 23.
5 @5 1-16 5'"4 " ■’) *
4 5 4
—
4 H @4'-..
5 4
'
By joint-stock banks
4
hv discount houses:
At call
7 to 1.4 days.
4 4
415
6 'a
@5-q'
5 ' 5 ®5 *4
—
Dec
21
G
6
5
Bank bills—3 months
4 months
47;
—6 months
4! ■> mn
Trade bills—3 months
5i Cn) 5 ’ 5
4 months
54 'ii) 5,4
Interest a Hatred Jar deposits —
6
5 15-16(356
54 @6
H
5
6
6
47;
6'4
6
Jan, 12.
Bank
Open
4
4
4 *,
41,
Jan. 5.
Bank
Open
4
41;
4 ’ .j
Hamburg
Copenhagen
3
.3
7
7
7
....
—
..
..
5 3-16
44
74
-L4
-
----
----
44
34
44
'
44
44
c
4.4
44
74
4.4
44
34
4 4
6
6
Messrs.
Pixley & Abell write
January 10:
•
Open
.
Market.
7' •
4 4
Bank
5.690,700
15,130,561
..47,768,460
26s. Od.
26s. 3d.
52,834,961
51,169,105
51,616.173
28s. 4d.
30s. 4d.
30s. 3d.
26s.
i.d.
26s. I’d.
Total
Average price wheat, week
Average price, season
22.
Open
Rate.
Market.
3
3
54
54
5 4'
6
6
0
5-4
54
54
The following shows the quantities of wheat, flour and
Wheat
Flour,
Maize
equal
34
4 4
4
4
4 7-16
4';
6
' 4
34
4
71
nom.
4
4
44
6
6
follows under date of
317,41., with forward Ed. over cash.
News of a French tender for 20,000 k.l ts
Lad little <>r no effect.
The price in India is Rs. SI 11-16.
For the week; Arrivals New York, £268,000; Straits (coin). £362.000; West. Indies, £ 17,000; Chile, £11,000
’New Zealand, £5,000; total, £658.000.
Shipments—Bombay. £26.780. .For the
month of December; Arrivals—Germany. £14.000; France, £16,000; U. S. A.,
£858,000.
shipments -Germany, £55,000; France, £151,000; West Africa, £14!,GOO; India.£5>5.000.
MEXICAN DOLLARS.—There have been some dollars on offer at their melting
value.
For
the week: Arrivals —New
York, £15.700.
Shipments —Bombay,
£6.700.
quotations for bullion
arc
reported
as
follows:
Jan. 3.1
SILVER.
Jan. 10.
S.
it.
London Standard.
d.
77 9
Bar sliver, fine, oz.... 31 4
76 4
2 mo. delivery, oz.,32
76
1
Cake silver, oz.
3 t 7-16
70
4
Mexican dollars
nom.
t
76
Ian. 10.
s.
d.
London standard.
77 9
Bar gold, line, oz
76
1
U. S. gold. <>/
German gold coin. oz.. 76 4
French gold
7<> 4
in, oz
76 4
Japanese yen, oz
;< >ld.
.
••
Jon. 3.
d.
.32 7-16
321
3f)
,
following shows Hi'.' imports of cereal produce into
Kingdom during the season to date compared
with previous seasons:
The
IMPORTS.
Niro tu
n
ire,I:s.
mports of wheat.
Barley
..
...
Oats..
Peas.
Beans
‘fg.di m
fiEotir
...cwt
.
.
.
.
<• >ni
.
.
...
.
.
.
1906-07.
1905-06.
1904-05.
1903-04.
31.084,900
11.157.900
L3.N3.2lT0
863,960
458,<170
32,003,700
39,923,000
1 ! ,357.000
11.1 13,300
1.9.36,400
855,500
678.slO
16.125,400
34,456,561
15.549.808
20,517.097
4.508,120
9,279.121
18.0 10.100
5.51 1.700
1,876.000
S70.975
417.700
15.088,000
5.690,700
1904-05.
2,305.000
155.000
700,600
1905-06.
1,680.000
285.000
660.000
177,000
760,000
as
London.
Week ending Jan. 25.—
Sat
Mon.
Tins,
S.Iver, per oz.
31 9-16
d. 314
314
C tusols, new, 2'5 percents-. •S6 15 -16 86 15-16 87 1-16
For account
87 1- 10 87 1-16 87 3-16
French Rentes (in Paris), fr. 94.7:L4 94.924 94.80
Russian Imperial 4s
78
78
774
A malgamated Copper Co
1164
1154
1184
h Anaconda Mining Co
14 4
144
144
A tchison TopekarA SantaFe. 107
1071
1074
Preferred103
103
104
Baltimore & Ohio
120 4
121
1204
Preferred
954
954
954
C madian Pacific
191
192 :.
1924
52L
Chesapeake & Ohio
52.4
534
C licago Great Western
16 4
17
164Coicago Milw & St Paul
152
153 4
1544
Denver & Rio Grande, com.. .39
391
394
Preferred
844
841,.
834
Erie, common
40 4'
40 M
394
First Preferred
74
75
75
Second Preferred
f)5
05
654
Illinois Central
172
170
171J v
Louisville & Nashville
144
1454
1464
Mexican Central
26
254
254
Missouri Kans & Texas, com. 38
301
3,84'
Preferred
72
73 4
72.4
National RR of Mexico
59
59
59
N V Central & Hudson Riv.. 133
1.34
1334
N Y Ontario & Western
47'
46!,
464
Norfolk it Western, com
90 4
904
914
Preferred..
91
914
914
1 .4
Northern Pacific
156
1574
a Pennsylvania.
69
69 4
69 4
a Reading Co
66,4
664
a First Preferred
46
46
a Second Prefen ed
47
47
47
28 K
Rock Island Co
264'
284'
Southern- Pacific
961 •.
97 H
954
s mthern Railway, common. 29
291 '
30
Preferred
88
8912
l.'nion Pacific, common
ISO 4
180.4
1814
Piefured
951 •>
95
954
C S Steel Corporation, com.. 474
48’
48' i
re erred
10N
108 4
1084
Wabash
17
174
174
Preferred
34 4
35';
Debenture B’s
77
77
76
Wed.
31 7-10
87
_.
,
_
94.85
774
144
107?.;
1034
777;
1194
14?/;
1084
1034
121
121
1204
954
1914
534
954
1904
534
189
54
17
154
17
155
17
155
119
4"
40
404
404
834
414
15
75
83 4
66
14?;
1074
103 '
254
40.4
831
407,
75 4
65
171
146
25' :
40
73
40 4
73 ’,
58
134
40 >:
58
1314
404
904
47
907;
91
91 4
91
91
159
1584
694
654
46
47
28 4
1594
«9»f
66 ?i
69 4
46
46
47
28
66.4
47
281 i
98 4
30 4
97 ?s
30
^2
IMS
SS
97?;
30
904
884
182
95
48?;
1084
18
36
76
-
954
1464
254
394
73 4
58
134
.
774
121
654
171
171
146
.
Price per share.
.
874
.
...
Fr
Thurs.
314
31?-i
i
86 15-ltl 86 15-16
87 1-L6 87 1-16
94.75
94.40
180:4
951 4
49
951
48*4
1094
18
.36
70
nv.i's
is
.36
76
b£ sterling.
f ommcvcial and JUiscclUtnccntsilcutg
Auction Sales.—Among other securities the following, not
regularly dealt, in at the Board, were recently sold at auction:
By Messrs. Adrian II. Muller & Son:
Stocks.
400 Brooklyn City HR, Co...
53 4-100 Lr. S. Hotel Co., Sara-
toga, N. V
51,000 Bay of Islands
Stocks
220
20
7.
j
200 J. (J.
Copper
127
.390 ;;9i<4
Inc..
preferred.
8 14
Royal Bak.Pow.Co. prefior.
10
lot
325
.
Loads.
599.000
76
.
.
Corp
White & Co..
._
Co
$5,000
10 State Bank.........
Penn.
100
Sugar
Ref. Co.
(Vot. Tr. Ccrtf.)
180 Mfrs.
Commercial
Co.
8% Cum. pref
25 Internat. Bank g
85 Lincoln Trust Co
>
1st,
Oregon
-f.
s.
6s,
Securities
Oct. i960,
pons on
$l<i.000 Raritan River
70
.
125 Detroit Tol. & Iron. UR.
1st pref.
20
80 Nat. Park Bank.. .465-465 4
10 X. Y. Life Ins. & Tr. Co
1< Id
Co.
cou¬
87on
lilt. 1st
lot
ino*$
J.’.000 Albany & Hudson HP.
is:
5s,
1943; M.
& S
7.)
.
DIVIDENDS.
We> have
changed the method of making
list of dividends.
Heretofore
our
up our
weekly
only
record has included
the dividends announced each
week, but for the convenience
enlarge the scope of the compilation
so as to show also dividends previously declared, but
the
date of payment of which has not yet arrived.
In the new
of
our
readers
we now
form the statement indicates all the dividends announced
for the future
by all large
or
important corporations.
Dividends announced this week
are
minted in italic<.
nom.
the United
t
1,643.000
English Financial Markets—Per Gable.
&c.,at London,
reported by cable, have been as follows the past week:
SILVER.
The course of silver has been downward, special requirements for India
have not been large, and though the Indian Bazaars have bought fairly large amounts
ibis demand has been met by forward sales, and we close 9-l0d. lower on the week, at
<
Last week.
1.*523,000
187,000
765,000
...qrs.
qrs.
qrs.
to
Kingdom:
This leak.
The daily closing quotations for securities,
a
COLD. -The arrivals this week wore small and the Rank of England lias again
taken all. amounting to nearly £300.000 after satisfying Indian requirements.
Altogether the Rank has bought £567.000, almost entirely in bars, but. on the ot' er
hand, the withdrawals have been very large, namely, £2,182.000. of which £2.172.
000 goes to Brazil and Argentina and the balance to Egypt.
Next week we expect
£612,000 from South Africa.
For the week: Arrivals—South Africa, £276,0* 0;
Bombay. £ I Id,000; West Indies, £.52,000: Rnty.il. £ IS.000; West Africa. £7.<t 0:
Australia. £6,000; Straits. £:i.000; total, £455,000.
Shipments—Bombay, £ 110,050; Colombo. £13,750; total. £124.400.
For the month of December: Arrivals—
France. £1.5:;0.')00: West Africa. £S7,000; South Africa. £2.007,000; India. £177.flOO; South America, £55.000; U. S. A., £13,000.
Shipments—France, £10.000:
West Africa, £1,000; South Africa, £5.000; India, £251.000; Egypt, £1,140.000.
Louth America, £ 1.616,000; U. S. A..£40,000.
The
27s. 9d.
.
3
nom.
6
as
Dec
the
■1
i1;
nom.
4'
V,
Bank
Rate.
.3
29.
.
7
7
7
;>
4
S
54
5J H
4
nom.
6
_
.3
3
7
7
7
5
54
54
5
4
..
Dec
Rale. Market.
Rate. Market.
Interest at—
Paris
Berlin
—
5.51 i,700
11,171,860
34.456,561
9.279,124
7.880.488
.
Rates oj
.
1903-04.
39.923,000
4,508,120
6,737.985
Imports of Hour
.
,
.
1904-05.
32,003,7 0
..
The Bank rates of discount and open market rates at
chief Continental cities have been as follows:
-K;J
Frankfort
Amsterdam
Brussels
Velnna
•St. Petersburg
Madrid
1905-06.
.cwt.31,084.900
on
1905.
Jan. 11.
29,432,270
8.090,480
47.972,865
18,339.473
37,015,725
18,815.588
29,797,858
1006-07.
Wheat Imported
on
Fame oj
Pit
Cent.
Company.
Books Cl is, d.
Days Inclusive.
Railroads <4team)
\teh. Topeka A Santa I'e, pref.
\tl:int!e A North Carolina
Uai<l Ha:;!-’ Valley
Baltimore A Ohio, common.
5
..
Preferred
Buffalo Rochester A l’itts., com. A pref
Canada Southern
Central Railroad of New Jersey (quar.)..j
Chiergo <6 Forth Wesbrn, preferred
('hie. St. P. Minn. £•<>.. cn.\. and,'.",;.
(' r- ir :ll F Lebanon
-!
tve. Cin. Chic. A- SL Lou s. common
Delaware A- Hudson 0s;;:..
.
.
.
24
(No. 17)
.
6.100,598
1.008,74!
908.548
When
Puyablt.
..
.{
3
2
3
14
2
2
•
Feb.
I'eb.
Feb.
Meh.
Meh.
I'eb.
Feb.
Feb.
.4
pril
4
F, h.
Jan.
2
Moll.
j\ ;
Mid Meh.
1 ! >ec. 28
to*
t Ian. 20
to
! Holders of roc.
to
1 Feb. I t
t Feb. ! )
!•'
15 i' - )l<ler ■; of )•<
1 Holders of ree.
E)
1 Jan.
to
1 II dd’rs ->/ r, c.
2( i II d(h rs
::i
1 i lold<‘rs
15 Holder's
oi
r.e.
Feb.
1
Feb.
1
Jan.
S
Feb. 28
I'eb. 2S
i'e'o
5
Dec. 31
Jan. 31
FCk
2
6
Fid>.
•d
of
roe.
Feb.
Feb.
1
2.3
JAN. -’6 1907. j
THE CHRONICLE
W/\t
Per
Breadstuffs Figures Brought from Page 231.—Thu state¬
below are prepared by us from figures collected by
Books Clot,i J.
n
'
.Vflv
street
f
Cent.
of Company.
Payable.
Days Indusu
t.
ments
Feb.
.
April
......
Ih
Feb.
Fib.
3 ha
Mch
...
Jail.
Feb.
Feb.
Jan.
Feb.
Mch.
Mch.
Ftb.
3
(j
3
3
.">
4
Mahoning Coal RR., common.
Michigan Central
Nashville Chattanooga A St. Louis
New York Chic. A St. Louis, first pref...
Second preferred
Norfolk
Western,adj. prej
Norther:: Pacific Ry. (quar.)
Peoria A Bureau Valley
2
Pitts. Cin. Chic. & St. Louis, common..
IH
Feb.
4
Feb.
Feb
Feb.
Fib.
2
3
3
Pittsburgh A Lake Erie
Railway A Light Securities, pref.
Reading, common
First i>referred.
Syracuse Binghamton A .V. }'. {quar.)..
28 Feb.
1
9 Mch. 13
1 Holders
1 Jan. 29
1 Feb.
1
27 Holders
11 Jan. 22
1 Holders
29 Holders
1 Jan. 22
1 Holders
1 Holders
15 Holders
1 Jan. p)
IF Feb.
2
15 Holders
l; Holders
1 Holders
1 Holders
Feb.
2
Mch.
Ft b.
2
2B 6 Feb.
1 :'i
Fib.
i
Vandalia
Utica Clinton A Binghamton
Ftb.
to
April 9
to
of
rec.
t
>
to
of rec.
to
of
of
rec.
rec.
to
of
ree.
of
ree.
Of
nc.
to
to
of rec.
of rec.
Of
rec.
of
rec.
Holders of rec.
to
1 Jan. 27
16 Holders of rec.
9 dan. 21
to
9
28
Jan. 19a
Ftb.
1
Feb. 20
Dec. 31
Coii'il Is/. A Brooklyn A*A*, (quar.)
Detroit United Railway (quar.).
East st. I.ouls & Suburban, pref. (quar.)
Guil t sum Electric Co.. pn ft rn d
Grand Rapids Ry., pref. (quar.)
__
Harrisburg (Pa., Traction
Helena (Mont.) Light A Railway,
Preferred (quar.)
Houston (Texas) Electric Co.,
IH
'Feb.
in
1 14
Ft b.
Feb.
Feb.
3
Mch.
com.
Feb.
Feb.
Jan.
Jan.
Feb.
Feb.
Mch.
Jan.
Fe»).
btb.
Feb.
Ftb.
Jan.
Feb.
H
1
3
1
.....
I'l
S3
S3
preferred
Jacksonville (Fla.) Elec. Co., com. A pf
Met. West Suit Elec. (Chico, pref.(quar. )
H
1*2
Milw.Elec.Ry.tV’Lt. pref.(quar.)(No. 29)
Montreal Street Railway tquar.)....
Ohi > Traction {Cincinnati). pref. (quar.)
Philadelphia Co., common (quar.)
Twin <’ily Rap. Tran., Minn., com.(quar)
United Rower A Transportation (Philo. >_
West Penn Rys.. pref. (Pitts.) (quar.)..
•> !
.,
T11
Ha
I !
-i
S3.20
1'
*
....
1 Holders of rec.
to
1 Jon. 27
1 Jan.
11
to
1 Holders of rec.
1 Holders of rec.
1 Holders of rec.
1 Jan. 20
to
3! Jan. 24
to
31 Jan. 24
to
l Holders of rec.
1 Holders of rec.
30 Mch. 22
to
31!Holders of
rec.
I Holders of rec.
i Jan. 27
to
1
Holders of
rec.
29 Holders of rtc.
to
1 j Jan. 30
Feb.
F b.
Feb.
Jail.
Fib.
Feb.
Jan.
[.
.
.
...
.
Feb.
16
31
31
31
16
16
Jan.
Jan.
19
11
31
7
Jan
Jan.
»a
.-j
_.
Feb.
:
Telt.
F,b.
I
.
I-ela
! Feb.
.....
_
..
.
Fob.
Fell.
Feb.
Teb.
—
American Loeour.ittve, common (quar.).
American Writing Paper, preferred
Bethi"hem steel Corj).. pref. (quar.)
..!
British Columbia Fa kirs' Assn., pref.
;
Butte Eire. A /'■ ,
prtf. \qunr,) (Xo. 22)
Cambria Steel
Casein: Co., pnf. o,uir.) (Xo. 27)
Central Dist. A Printing Te.leg. (quar.).
Central Eir> M'mv,.? common
Prep rred
Clafliu Uf. B.). 1st pref. (quar.)
Second prtjerrtd (quar. >...
!
Consolidated < Mr Heating
i
Consolidation Coal (quar.)
'.
...
.
...
.
...
..
April
7/
ib
•
>
3
■
•.
lb
i b
i > i
1 b
|
2
r
31 ■;
(E.I.)dtlPont deNem'rsP.iw..eorn.(qtiar)
du Pont Intern d. Powder, pref., extra.;
Edison Electric !M. (Boston) (quar.)
Electrie Rond A- .-hare, pref. (quar.)
!
Electric Company m America
'<
Fairmont, Coal
International Nickel pref. (quar.).
Inter. Smokeless p. <v ch.. com. (extra)
lot Steam Pump. rtf. (quar.) (No. 31).,
i'b
lb
......
—
...
lb
■i:
„
Y]
3 1 <,
,
1 1
2
Jefferson A t'lenrfn hi Coal A Iron, pref..
La Belle Iron Works
Lord A To ,lor common (quar.)..
1
1 ? i
i b
Michigan State Telephone, pref. (quar.)
.42
Minneapolis i letuml Electric, common.. !
S3
Preferred
S10
Montana/)re Purchasing (quar.)
Extra
Mon/nal Light. Hint A Power (quar.)...
Xational (’arbor,. >,r '. (quar.)
.Vi7r England Cotton Yarn. orif. (quar.).
Xrw England T,t. A Tilcg. (quar.)
Xnr River Co.. pr> !> rri d (quar.)....
N. Y. .(• (f urms El c. A Power, pref
Dm iha Electric Light A Power, pref
Pacific Const Co., common (quar.)
First preferred (quar.)
Second preferred (quar.).
5
.
People's Gas F.wfif .(• Cnki (quar.)
Pocahontas Colli, i ii s, pref. (quar.).
Pressed. Sled Car. pref. (quar.) (Xo. 32).
Procter A Gamble, common (quar.).
Pullman Co. (quar.) (Xo. lfiO)
Si/rueuu Lighting, pr,f. (quar.)..
Term. Coal Iron A RR. Co., com. (quar.)
Preferred (quar.)
—
.
lb
lb
;
:
i
i';
1 1 V
2b
§2.50
i1 ;
ib
j !
—
..
—
per
closed,
b Five
cent declared
Feb.
! foil.
Ft b.
Feb.
Ft b.
Ian
Mch.
Mch.
Fch.
Ft b.
Fel).
Feb.
Feb.
Jan.
Fch.
Mch.
Feb.
Fell.
Feb.
Ian.
-Feb.
Feb.
Feb.
Feb.
Ftb.
Feb.
Fch.
Feb.
Feb.
Feb.
Ian.
bill.
Ftb.
Ft b.
Fch.
Feb.
Fib.
F< b.
Feb.
Fell.
Fob.
Fob
/•'.
.
111
ib
Feb.
Feb.
Ft b.
Ftb.
ib
Fib.
Fob.
i
o
*.
Torrinston Co. .common
United Bank Xat, Corp.. com. (guar.)...
United Copper, common (quar.)
Common, extra
U. S. Cast Iron p. A Fdy.,com. (quar.).
Preferred (cuar.)
United States Rubber, old pref. (quar.).
First prefer" •A feuarA
Second prefened tquar.).. . — . -. —
Western Telephone A Telegraph, pref...
Feb.
ib
.
Extra
Distillers' Secur. Corp. (quar.) (No. 17)
I loin inion Coal. F.td.. preferred
d Nine
1
1
Ib
b
1
ib
2
1 '
J
Fob.
Fob.
Fib.
i Jan.
| Jan.
! Mch.
Mch.
bin.
Han.
Jan.
Foil.
per cent
Ryt.
1,253,374
240.000
498,660
428,400
13,-01
179.910
42,714
421,(80!
216,410
199,000
135,385*
168,298
777.445
335,200
169.000
74,500
16,679
72,636
494,400,
187.000;
142,800
51.000
31,500
13.627
'
17,170
400
124.,'00,
84.000!
2.000
_
6.000
302,816 i
252,888
2.S72.050
4,443,379
3,989.273!
210,7731
2,945,7831
4,254,167
4,021.834
3»/ 8b ,538
1.329,574)
1.593.040
4.029.763,
1.990.708
988.223
121,697
151.057
83,138
!
93,120.599 109.837.030 42.591.913 4.703.106
96,749.9241131,907.616153 054.498 5,489.247
95.034.515! 93.732.401!47.093.451!2,922,201
|
Total receipts of flour and grain at the seaboard ports for
the week ended Jail. 19 1907 follows:
Flour,
Wheat,
bt Is.
bush.
Receipts at—
New York
Boston
Philadelphia
Baltimore
57,696
6,950
11,625
13.261
Richmond
Newport News..
New Orleans.a
«lal vest on
Norfolk
Montreal
Jan. 20
1
.
.
'urn.
bush.
460.100
l.M-4-9
56.000
2,203
15.543
2.838
..
John
Parity,
Rye,
bush.
bush.
162,000
90,619
130.800
1.375
55,638
64.882
2.000
27.524
27.750
...
777.000
171.000
21.429
3.600
126,417
10.-178
.
"
328.109
588,380
19.818
10.360
96.000
.
Oats.
bush.
<
320.000
600,275
272,200
326,938
52.521
137,093
46,308
6,678
69,289
Portland
15.035
*
___
98.000
13,1.88
1.303
9.132
85,630
9.390
41.733
530,599
1,077,102
180.211
341,683
.
to
fan. 24
Jan. °2
Ian. It.
Ian. 16
to
to
!1
>
to
Feb.
1
Feb.
1
Jan. 31
Jan. 31
Jan. 31
•
Total week
Week 1906
a
on
1
1
1
Jan.
20
to
379,602
1,844.959
338,265
2.104.961
2.646.282
6,859.072
27.524
61.092
Receipts do not include grain passing through New Orleans for foreign ports
through bills of lading.
follows for four years:
Jan.
Jan
17
to
to
Receipts of—
Jan. 30
Feb.
1
Feb.
1
1907.
1906.
bids.
1,193,895
1.047,723
820,576
bush.
5.937.584
7,399.143
2.561.702
6.660.552
19,940.740
4.874.039
12.457,101
436,693
89.757
16.424.879
Flour
-
Oats...
25
25
I
I
20
]
15
1
I
bin.
Jan.
25
25
Fel).
Feb.
1 Holders
15 Ibddors
11 Fch.
I
of
of
n c.
roe.
■to
bin.
25
In
I
Ftb.
1
Feb.
19
19
to
1 Jan. 23
1 Jon. 23
I Holders
1 Ian. 27
1 fan.
2s Jan.
1 Jan.
to
to
ree.
to
27
8
to
19
to
Hold* rs of
Holders of
Jon. 26
Jan. 22
Ho dors of
Hod'ers of
Holders of
Holders of
Holders
6
Fib.
Jon. 21
Feb.
i
1
29
29
15,
15
1
15
1 Holders
1 1 Feb.
1
Holders
1 Jan. 16
1 Jan.
16
1 Ian.
16
25 Ftb.
16
1
i
to
tn
fi.
15 Mch.
15 Holders of
I Holders of
1 Jan. 17
31 Holders of
I .bm. 27
! Ian. 11
15 Holders of
1 Jan. 22
15
]
1
1
1
..
The exports
t<i
Fob. j.',
to
Jan. 20
Holders of rec.
to
Jan. 20
Ian. 20
to
to
9
25 Fob.
] Holders of rec.
1 Holders of rec.
(b
31 fan. 21
:;i
Total grain
Holders
27 Fib.
7
15 Holders
15 Hoi (Ins of
i Jon.
22
1 Jan. 12
1 Jan. 12
1 Holders of
15 Fib.
2
30 Jan. 17
30,Jan. 17
1 Feb.
9
1 Feb.
9
Holders
31
of
.31 Holders of
31 Holders of
1 Jan. 22
rec.
rec.
to
rec.
to
to
rec.
to
r,c.
rec.
from
ending Jan. 19 1907
i;
Feb.
Jan. 28
Feb.
i
.
rec.
rec.
J a n.
ree.
Jan.
nc.
Jon.
Fib.
Jon.
to
to
tn
to
r,c.
to
ree.
nc.
to
to
1o
ree.
to
to
to
to
to
ree.
ree.
ree.
tu
i
The destination of these
July 1 1900 is
as
15.041.806
Outs,
Rye,
Parity,
bush.
bush.
bush.
27,630
Pt as,
bush.
1,644
1.749
1.100
507
400
5,919
9,142
The
17
griDTo-v
31
set
New York
Boston
Feb.
Jon.
Toronto
.
-
.
Baltimore
New Orleans
(,'alveston
Montreal
.
”
Toledo
Detroit
.
993.545 60.464,603 2,168,904 29 759,911
1.403,860 31,247.152 6.570.770 55,200.849
comprising the stocks in
was as
_
Oats,
Rite.
Parity,
bush.
bush.
1,734,000
458.000
756,000
326,000
875.000
55.000
340.000
895,000
258.000
38.000
580.000
19,000
112.000
157,000
78.00(1
bush.
8,000
107.000
235.000
939,000
Mtmeapoll.s
3.238.000
5.940.000
3,310,000 '
3.737,000
..
Peoria
'
Tndi napolis
210.000
2,ss,ooo
Mississippi River
On Likes
< )t: i 'an I and River
Jan.
Jan.
Jan.
Jan.
19
12
20
21
bush
129.000
•
1,000
65.000
375.000
4-18,000
1,606.000
908.000
200.000
18.000
25,000
527.000
1 222.000
;po 00*
1.000
108,000
1 1 .000
1209)00
450.000
398.000
762.000
230.000
47,000
1.324.000
6,72.000
80,000
134.000
399.(00
489.000
—
St. Louis
Kansas City..
follows:
Corn,
4.415,000
4,209.000
859,000
353,000
1,114.000
619.000
1.751.000
1 761.000
alloat
Duluth
j
bush.
1.060,686 11,962.051
941,641 16,031.155
668
293.221
163,383
1,267,504
1,120
52,147
1.406
153,833
—
23.000
Fort William
Port Arthur.
afloat
Total
Total
Total
Total
1906.
bush.
606.000
40.000
Chicago
Milwaukee
(>n
July 1
Wheat,
.
Buffalo
Feb.
Jan31o
Jon. 31
FI b.
Feb.
Feb.
Ian.
Feb.
Jan.
Jan.
Feb.
Feb.
Jan. 1.5 o
Jan.15a
Jan. 15a
Jan. 31
^
Wnk
Jan. 19.
bush.
at the principal points of accumulation at lake and
Philadelphia
25
29
26
for year, payable in quarterly installments,
May 20 1905; see p 222
-
146,979 6,443,696
297.224 6,029,985
ri
Feb. 14
Jan. 24
Feb. II
Jan.19a
Feb.
1
Feb.
1
1
Feb.
Since
Week
July 1
Jan. 19.
1906.
bush.
bush.
626.328 30.479,971
355.952 29,428.115
10,165
162,504
1,100
9,210
8,000
376,803
rtEports^Jan. 10 1007,
la
3.9(0
4,834
Corn
Since
visible supply of grain,
19
19
52,471
295.025
-Whcal-
.
Total
Total 1905-06
41.733
1.100
41,733
59.987 287.107
exports for the week and since
j Other Countries
,
9.390
below:
.
Jan.
Jan.
ree.
!
.
1
r,c.
16.427,852
...
i
2
17
to
32,611,833
seaboard ports for the week
shown in the annexed statement:
'
Feb*.
to
1,442,480
t he several
-Flour1
Since
Dee. 20
!
TlVifc
July 1
Jan. 16
1906.
Exports for wetk and Jan. 19.
Feb.
bbls.
bbls.
si net Jnlg 1 to—
Jan.
80,240 3.544.177
i United Kingdom
Feb
i
Coni inent
10.979 1.464,411
Feb.
So. and Cent Amcr.
5.611
415.666
Dee.
826,433
42,201)
j West Indies
Feb.
Brit. No. Am. Cols.
57,151
208
Feb.
5
135.858
2,735
Jan. 21
Ft h.
to
981,402
155.100
6,605,005
5.538,480
2,441,779
403,403
153.139
{;
to
to
1904.
1.428.024
..
'
to
rec.
1905.
1.931, <39
546,463
50.169
are
Feb. 20
Flour.
Wheat,
Corn,
Feb.
1
ibis.
bush
bush.
Exports from—
Feb.
I
New
York
125,670
490,549
36.592
Jan. 31
Portland
272.200
6.678
Jan. 31
Boston
19,857
111,267
155.691
Feb. 25
240.676
162.857
21.704
Mch. 15a j Philadelphia
5.973
398.356
120,000
Jan. 25 i Baltimore
Norfolk
10.478
21,429
Jon. 31
j
11.265
Jan. 25 1 Newport News..
Jan. 31 I Charleston
New
Orleans
30.002
604,320
12.651
Ftb. 10
(lalveston.
8.100
209,285
3,400
Jan. 31
Mch
1 I Montreal
Mobile
126,417
15,543
Mch
St. John. N. B...
2,838
.85,630
Fch.
Feb.
Total
week
2,168,904
146,978
993.545
Jan.
Same time 1906 _1.403.S60 0.570,770 297,224
Feb.
declared, payable in two^install
/covers period from Nov, 21. 1904 to
2,088.429
165.000
11.222,021 143,724,401:
10.700.S69 158.241,910i
1904-06--.! 9.615,875 140,038,039 i
Dem.
!
Correctionn.
.
Barley
Rye
1
.
(>n
;14
American Chicle, column to monthly)... 1
American Glut*, preferred...
,|
Atner. <Iraphoplmne. pref.(qu.)(No.-17);
American Light A Trae.,com. (quar.).. !
Preferred (quar.)
•
?
j
1906-00
Wheat
j
Exira
A on rican Caramt l. c an. (quar.)
Eera
....
menus,
664
56,225
22,000
i
Corn
..
n d
2,300
.
4
Fel).
Parity.
!
i
0
Jan.
Jan.
Jan.
Jan
Jan.
Jan.
.4 pril
Oats.
Total receipts at ports from Jail. 1 to Jan. 19 compare
Feb.
..
Miscellaneous.
Amalgamated Cupper (quar >
Transfer b•• k-
1
1
1
]
Fob.
Fob.
..
Fire Insurance.
Commercial Un.
a
159,000
296,266'
1,331.206
49,000
22,658
9,764
189.956,
25.200
377.000
*
Total week
Same wk. ’Obi
Same wk. '06
as
Trust Companies.
Hamilton. Brooklyn (quar.>.
j.
Lawyers’ Title Insur. A- Trust (quar.)...!
Nassau. Brooklyn (quar.)
!
...
412,000;
21,175!
!
..
16
l
6
16
Fob.
Feb.
i
.
.
Corn.
200.452;
Minneapolis.
Toledo
Detroit
Cleveland
St. Louis
Peoria
Kansas City.
St.
--
1 Jan. 24
Fob.
Fob.
Extra
.
1
h Ch.
(Xo. 111)..
Twenty-third Ward
....
Milwaukee..
Duluth
.....
_
German Aiwruan
.V. V. Xat. Exchange (quar.)
Paeitie (quar.»
Extra
.
Chicago
Mobile
Astor Xatlouai \quar.>
.
Whtat.
Flour.
;
bbls.ldGlbs. bush. 00 lbs. bush. 50 l is.'bush. 32 lbs. bush As lbs. bu. 60 li,s.
Since Aug. 1
Ranks.
Exchangi
Receipts at—
Feb. 12
Jan. 19
Dec. 31
Feb.
1
Feb
1
Feb.
1
Feb.
1
Feb.
1
Feb. 10
Feb.
6
Jan. 10
Jan.]15a
Jan. 15
Feb. 20
Jan. 31
Feb.
Fib.
1900-07...|
Street Railways.
.•Columbus Ry.. pref. (quar.)
('on,
tile New York Produce Exchange. -The receipts at Western
lake and river ports for the week ending last Saturday and
since Aug. 1 for eaelitof the last three years, have been:
Railways {Continual).
Eric. 1st pn j erred
Second prefern d
Great Northern (quar.
(Jra n liny cy ll'cs/tra
Illinois Central.’
Lake Shore & Michigan Southern
Louisville A Nashville.
•Jill
.
330.000
594,000
58,s.o:,o
2C3.000
1
1,0.10
726.000
3,936.000
425,000
1 11 .000
9s6.0I)()
45,000
160,000
12.231 .000
12 567 000
| 7269,( 0
1.751.000
27,31.1.01 0
19,351.000
2.451.000
1,986,000
79 TOO
33.000
196 000
455 lTO
15 J 00
18 000
....
.
..
-
1907. .45.459.000
1907.. 16.299,000
1906..48.779.000
1905. .39,383,000
7,272.000
6.599.000
14,223 000
11,512,000
2.922 .H 0
2 923 Of 0
5..Bf 2.00
5 91!,()( 0
202
THE CHRONICLE
Statement of New York City Clearing-House Banks.—
The following statement shows the condition of the New
York City Clearing-House banks for the weekending Jan. 19.
It should be distinctly understood that as to all items except
capital and surplus the figures are the averages of the daily
results, not the totals at the end of the week. In other
words, in reporting loans and deposits and holdings of
specie and legal tenders, the practice is to take the aggre¬
gate of the amounts for the several days of the week and
divide this aggregate by the number of days.
We omit two ciphers COO) in all cases.
Capital.
Bank of N. Y..
Manhattan Co.
Merchants'
Mechanics’
America
Phenix
City...
Ex.
Gallatin
Butch.&Drove.
Mech. ^Traders’
Greenwich
Araer. Exeh
—
Commerce
Mercantile
Pacific
Chatham
...
Citizens' Cent
Nassau
Marker,v Fulfil
.
.
Metropolitan
Com Exchange.
..
Oriental
Imp.&Traders’.
Park
East River
Fourth
Second
1.490,0
3,680.6*
4,083,8!
1.500,0
1,000,0
25,000,0
300,0
000,0
1.000,0
300.0
700.0
500,0
5,000,0
25,000.0
3.000,0
Bowery
N. Y. County..
German-Amor
Chase
Fifth Avenue..
German Exch..
Germania
Lincoln
.
-
Metropolis
West
Side
Seaboard
1st Nat.. B'klyn
Liberty
N. Y. Prod. Ex.
New Amster
Astor
State
j
375.1
20.663,4!
7,914.61
134.990,4
23.L57.S
5,923,6
8.269.4
2,229,2
6,523,0
5,559.7
20.923.6
140,565,6
20,032.1
3,383,7
5.685,5
2.053.9
16.439.7
55.723,1
4.959,0
10,800,2
3.340.5
7,051,6
10.996,7
30,375,0
10.000,2
25.104,5
0s. 2 10,0
1 .300,8;
18,432,1
0,015.0
01,050,0
13,486.8
3,026,0
5,007.0
4.140,5
50.244.6
1 1.2*3,53,210,1
1,7ii7,5
14.842,1
7,432.4
3.050.2
10.549.9
4.171.0
17.417.0
5,031.0
10.044 ,P
6,078,6
5.161.6
5.000,0
12.382.0
485,41
2,353,21
157,3
386,9
646,9
4,607,3;
13,811,8!
4,711,9:
772,7
1,018.2,
466,3
2.107.8,
7,850.7
1.157,8'
860,5!
352.5
1,518,-1
200,0
2,000,0
3.000.0
1,000,0
2.550,0
500,0
1.000,0
2.000.0
3.000,0
750,0
1,500,0
3,000,0
250.0
3,000.0
800.2;
4.767.6
1.202,9 j
7.030.0
8,144.2
123.4
3.083.1
1.777,8
18.100.2
300.0
First
N. Y. Nat. Ex.
Garfield
Fifth
Specie.
$
17,641.0
21,272,0
12,583,7
10,513,0
22.525.0
7,263.0
2,863,7
500.0
450,0
North America.
Hanover
1
$
2,956,2
2,000.0
2,050,0
2,000,0
3,000,0
.
People's
Irving
Loans.
10,000,0
i.ooo.o
010.4
77-S/J
840.7
250.0
200,0
750,0
5,000,0
100,0
200,0
200,0
500.0
1,000.0
250,0
1.000,0
200.0
1.000.0
300,0
1.000.0
i
603,s*
4.1.50.6
1,840.5;
MU
936,5!
1,470,4'
1.301.1
450.6
1.660.3
810.2
1.260.1
685,3:
2,224,0,
1 .000,0
571.4
1.000.0
350.0
1.000.0
280.0
727.7:
564 .0
$
._
4.414,0
2,909.0
2,433,0
3,926.9
1,509,0
26.976,1 11.963,7
1.887.2
3,889.1
1,210,5
304.9
881,5
626,6
570,3
61,2
870.0
956,0
362.4
1,062,8
4,500,5
1.256,3
10.246,5 11.407,9
2,560,2 1.219.7
339.0
557.1
681,8
854,8
177.3
529,9
2.733,5
1,401,3
9.947,3 6,993,5
875,7
331.0
3.192,1
1,004,5
34 1,6
505,5
1,264,6
578,2
271.0
2.574,5
6,065.0 4,833,0
2.102,3
470,0
4,303,0
1.245.0
15,363,0 0,175,0:
262.6
160,0
2.857.2
2,375,2'
1,033.0
1,304.0
18.311,0 2,180,3
3.0 4.5,0
753.01
2 16.0
622.0
1.053.3
526.6;
802.8
180.3;
12,471.1
1,2 Is,O'
2,703.6
578.3
-
6,480^8*21.7
5,694,8)26.0
'
150.0
510.5
2,559,0
15,704,3
64,559,5
4.721,0
10.772,7
3.872.9
10,837.8124.7
22,290.0 24.8
78,417,0 27.5
1,568.8 20.9
20,191,3
9,429.0
76.819.0
13.774.5
4.324,0
6,048.0
4,165.2
-
735.81
1.675.8*
318,2
220.8*
1.154.5!
527.0:
1,710.01
533.0
3.800,0
700,0
1.735.2
1,215,0
587.0'
602.2;
417.0|
731.7
1,054,0
3.575.0
557.0
247.0
188,0!
figures do not include results for non-member banks:
We omit two ciphers (00) in
2.5.9
24.7
26.6
27.5
20.0
26.1
25.7
5 1.221.3 25.3
12,544,0 26.1
4,31 I .6 21.2
5.734.5 21.7
16.27 1,8 25.0
7,038,5 26.4
3,006,7 23.8
10.222,5 20.9
4,368,0 24.2
20,700,0 26.6
5,121,0 25.3
0,026,6 25.8
6,887,2 23.7
5,856,6 22.0
5.075.0 25.6
14,982,0 25.0
_.
26.7
i
•
Banks.
and
Loans.
Specie.
$
$
Legals.
York
22..
29..
5..
12..
19.
Boston.
Dec. 29..
New
Dec.
Dec.
Jan.
Jan.
Jan.
Jan.
S
.
5..
Jan. 12..
Jan. 19.
Phila.
Dec. 29..
.
Jan.
5..
Jan. 12..
Jan. 19..
43,680,0
43,6S0,0
43,680,0
43,680,0
183,439,0
178,521,0
180,671,0
183.3S9.0
51,165,0
51.165,0
51,165,0
51,165,0
218,194,0
217,221,0
217,770.0
21S,774,0
.
15,160,0
15,748.0
15,367,0
16,881,0
Sur¬
| Capi¬
! tal.
plus.
ments:
cases.
j-
Tmder
and
!
Bank ;
.Votes. ;
t
c
City.
Boroughs of
|
$
168.8
Century
200.0
100,0
100,(1
152,0!
1,329,8.
OX .8
005,54.214.9*
5.060,01
7,510,0
1.011,7)
5,820,4 i
5,288.7!
4.202.0.
2,564,6,
3.448,6
>
Chelsea Exchj
Colonial
Columbia
300,0
Consol. Nat. 1.000,0
200,0
Fidelity
14th Street..
500,0
Hamilton
200.0
Jefferson
| 500.0
Mt. Morris..!
250,0
Mutual
j 200,0
10th Ward .!
200,0
-
-
-1
-
..
.
Plaza
.
|
.
100,0
100,0
200.0
100,0
750.0
100,0
500,0
200.0
Riverside
12th Ward
•
23d Ward
j
Union Exch.j
Yorkvllle ..j
.
Coal A- I. Nat!
34th St.Nat !
Batt.Pk Nat.
200,0
Borough of
$
005.8
405.4
436.7
1.122.4
1 lx. 4
1 6X, 1
225.7
635.0
180,3
260.0
250.8
318.3
108.5
200,2
164.0
780,3
3X3,2
550.0
204.3
116.5
!
s
s
28.5,
13,2;
20,5
66,31
107,8:
203.0
630.6
17.7
47,6j
49.41
344.7j
204,0
192.4
4,407.0;
105.2.
253)i
22.7
4.100.0
231,0i
61,3 i
495,1!
209,7*
291,4
136.91
371.7
332,3
215,0
20,3:
42,0
205,0*
1,575.x!
2,350.0j
1.748.7
8,101.11
3.234,51
1.651,0
1.3X0,1:
770.6.
Net
ing
Agent.
!
: Banks,
Ac.
Deposits.
43.2
250,3*
10.1;
73.71
311.4
48.6'
559.0
330.0
139,5*
104.2
170.7
304.1 i
215,Oj
6,11
19.1
89,9
Borough
1
8
..
;
..
Mfrs.' Xat
Mechanics’
Nassau V.it
Nat. Citv.
North SdUnion
.
■
*
-83.8!
42.L
563,3
455.0;
294,0
57,S( )6,0
57,3: >5,0
59,0( )S,0
150.0
300.0
408,5
164.0
252.0!
L000.0
750.0'
300.0
100.0
1,000.0
2.7X0.0
2,718.i
1 7131 ,8.
•Lx 13.1 i
10.5*0.0
702.'!
0 13. s
X't 1.6
03S.O
200.1
1.077.1
0.153 .<>
3.7 1 1 .0.
! 7. >0.".
H.'oYO
53.3
22.x
154 72
370.0,
328,0
231.0
128.0
29.5'
27 1.0
Vat
Hud Co.Nat.
Third Vat
1.163.2’
100.0
250.0
200.0
i
7o3. r.
33 1 .7.
.S
.32,8
120.4
197,7
203,0
314.5
174.4
100,5
245,7
154.1!
140,8
210.0
188.1
.58.0
01,1
151.21
197.0!
1.39,3
241.0,
155,2
130.7!
1 1 1.7
000.0
05.x.
135.0
015.0
s5,r>!
j
43,0
00,0
11.21
33.4
136,443,1
156,237,8
146.917.0
150.332,2
FOREIGN IMPORTS AT NEW YORK.
1
1
For week.
Dry Goods
]
General Merchandise
1906.
1907.
I
$3,969,145
!
10,800.714
1
S14.769.859
..
SI2,22S,957
$12.612.457
>
!
January 1:
! $11.369,400 i SI 0.565.717
27,930,828!
| 36.318,076
Dry Goods
General Merchandise
'
Total 3 weeks
S47.687.476
$2,053,414
9,430,976
9,721,261:
t
Total
Since
1904.
S2,891,196!
S3,582,056 ‘
8,646,901
,
!
1905.
S12.0S4.390
$9,495,797 >
30.425,069!
SS.720,269
28,341,717
$38,496,545J S39.920,866j
$37,061,986
*
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. 19 and from Jan. 1 to date:
EXPORTS FROM NEW YORK FOR THE WEEK.
For the week
Previously reportedTotal 3 weeks
1907.
1906.
1905.
1904.
$13,557,452
24,212,612
$12,286,905
26.641,602
$10,874,296
$12,564,473
19.305.866
19,994.823
_i S37,770,064
$38,928,507
$30,ISO.162
$32,559,290
j
j
.
The
following table shows the exports and imports of
specie at the port of New York for the week ending Jan. 19
and since Jan. 1 1907, and for the corresponding periods
in
1906 and
1905:
i
Exports.
IF: </:.
,267.7
1,216,4
5.001.3
6,332,0
4.766.0
1,010,3
6.371.5
5.743,3
4.065.6
3.006.0
3,613,5
4,588,8
4.297,0
1 N74.3
2.732,0
2,100.9
7,750,1
3,6 11.2
4,084,0
1.502,7
1.53.7
3
2.9 1 5
,0*
200
108.3
19.2
x7.2
7 7,70.7
1 5,o.')
32.1
.7
309.7
7,7sx.'i
3.<;<i:.s
91 .x
$365
)
..
West Indies
Mexico
I
South America.
All other countries
Total 1907
Total 1906
To till 1905
$6,800
*S221.6751
250,000
.!
251,940 j
"
1
$256,800
...1
6,000
44,137
15,001
162,274
20.071
Ini
$94,036
58,358
52,959
$241,848
U9,ull
106.263
$473.6
536. OOPj
2.000
x
$4,482
4,688
-78,866
2.942,932
7.707,432
'$242,883
$1,174,322
$1,022
$1,022
1.847
534
4.255
81,492
125.292
1
Silver.
-
Great Britain
France
Germany
...
West Indies
Mexico
South America
Total 1907
Total 1906
*’
1.000
!
1,021
3.521,448!
$31,189
123.572
25.001
.
All other countries
.-
-.
..
i
Total 1905
$243,883
1,507,039
828,080
$1.170.169
2,208,478*
l
$2*12,061
185,297
38,622
Of
the above imports for the week in 1907, $7,004
American gold coin and $1,187 American silver coin.
Of the exports during the same time $250,800 were Ameri¬
were
can
gold coin and 1,000
were
American silver coin.
30.5,5
52.5.2
faulting and Financial.
3,067.5
105.aj
13'1.7.
.? .7 • 7 s;
1 .s5„5.s,
Since Jan. 1
....
;
120.1*'
98.1
-5lx,0
.
llYtAr.
j.
!
2.33.0.
2,894,4
0.50.x
34,4, 2.1 XX .0
681 .9
5.15.3 ,X
LI 18.0
171 ,5 12.692.2
1 .007.0
0,153,0
119.0
9<i.(|! 3.641.0
.5.5.0
209.0; 1 .8.52.7
1 .210,0 1.002.0 13.375.0
s 1
x
I fix ,6
X96..31
1X1.0
304 .0,
105 .5
Since Jan. 1;
.
!
i
2U),S
192,2:
Imports.
Gold.
562,9
Jersey City.
First
133,627,7
199,483,6
206,504,6
8.477,Oj 235,527,1
247,041,0
250,944,0 14.057,0
248,700.0 14,027,0i
246,851,0 13.955,0!
742.5
.5!
XI
•
150,0
,8
so.ii
I
200.0;
S,654,01
14,041,oj
53,7 (>0,0
.
!
*
;
Brooklyn.*
Broadway
Brooklyn
|
j Other
.
%
100,0
216,902,0
228,918,0
Imports and Exports for the Week.—The following are
Newr York for the week ending Jan. 19; also
beginning of the first week in January:
Germany
Clear-
1
Man. A Hr'x. j
Wash. ILifts)
8,687,0!
S,656,0!
Great Britain
Deposit with
1
N. V.
204,569,0
214,861,0
the imports at
totals since the
France
* Specie.
and
Invest¬
6,094,0
6,265,0
6.062,0
5,972,0
EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.
Legal
Loans, 1
i
Banks.
Clearings.
a Including for Boston and
Philadelphia'the item "due to other banks" and alscf
Government deposits. For Boston these Government deposits amounted on Jan.
19 to $4,621,000; on Jan. 12 to S4.G16.000.
statement of condition of the non-member banks for the
week ending Jan. 19 1907, based on
average daily results.
1
Circu¬
lation.
a
$ •S
•
s
S
69.565.5 971,648,8 53.525,6:2,414,023,5
71.371.5 981,301,1 53,670.8H,722,704,0
77,341,0 1000.575.3 53.664.212.125.942.2
83.269.7 1008.922.4 5J,690,9*2,223,955,2
86.458.7 1042.434.4 53.631.912.181.845.2
279.782.3 1027.183.3 176.627.6
278.792.3 1032,973,0 179,323,0
279.782.3 1049,667,5 172.951,4
279,714,0 1048,808,7 177.601.6
279,704,0 1063.957.3 192.610.6
Reports of Non-Member Banks.—The following is thp
ciphers (()<)> in alt
Deposits,
Surplus.
deposits included, $10,537,300.
We omit two
all these figures.
Capital
27.fi
26.1
26.2
25.5
25.7
24.2
6,798,7 27.1
11.381,8 25.0
41,983,0 25.0
805.0
2.100.0
1.778,3
510.2
685.0
Re¬
s'tv c
20.221.6128.4
118.372.4 28.9
15,969,0 23.6
4,076.5 21.9
192.610.61S6.458.7; 1042,434.4
124.250.0 155,454.0 1063,957,3;
Total Uutcd States
a
a
S
%
16.136,0 27.7
24.600,0 28.0
14,527.3 26.3
18,838,0 25.3
24,415,8 26.5
6,429.0 25.4
117,304,7 33.1
21,591,0 26.7
6,200,5 24.4
5,937,0 25.3
2,429.2 26.3
7,525,0 24.2
S
1,530.0
2,473,0
920,3
2.335,0
2.558,1
124,0
2,932,0
_____
Totals
Deposits,
Legals.
!
S
Chemical
Merchants'
!
Surplus.
New York City, Boston and Philadelphia Banks.—Below is
summary of the weekly returns of the Clearing-House banks
of New York City, Boston and Philadelphia.
The New York
a
j
Banks
005 omitted.
[VOL. LXXX1V.
1
m:>.n
1.35.3
0.322,3
26,x
2,17X.0
2,21 l.x
80,7
1.12,0
2.2 P) 2
1,70 4.6
Write for copy of our 12 page circular of Comparative Values
Bonds describing a^out GO issues listed
upon the
N. Y. Stock Exchange polling at less than
par value, with high
and low range since January 1 1905
of Itallroad
Spencer Trask & Co,
Branch Office,
Albany, N.Y.
William and Pine Sts., New York.
'
Hoboken.
First Vat
Second Nut
I'M. Fan
lu
Tot. Ian. 12
i ot. Ian.
a
i m.o
125.0
57s.7
1o ?
’37.0 1 TV, 7
>37.o ! V’57. '
ll 2 .’■< ,0 ! 53 577
!
I
.
1.5.
I ;i17
,.
■
!
’ >
>•
'.,:o
1
17.3
'
5.51s,-.
5.s 57.1
5,597.0
)'
s.H'C,.1;
7.X1S.1
»
t
.
i
•
1129X 1.7
3,8 13.2 5.1 10.3 1 42.508. f
I.30S.S, 5,07 1.5 1 11913.9
1 xs:> s
Moffat
&
W hite
41 ember* New York Stock
6
Nassau street.
Exchange.
hanover bank
building
Dealers in Investment Seenritie*.
< OM.4I1SS
ON
OlMIKItS EXE
( TED
FOR
CASH ONLY
J an. 20 1907
State and Railroad Bonds.—Sales of State bonds at the
Board $15,000 Virginia 6s deferred trust receipts at 20.
The transactions in railway bonds have been on a limited
scale throughout the week.
A few issues showed a little
ILkm Ulus’ (gazette*
For Dividends ate page
200.
Wall
Street, Friday Night, Jan. 25 1907.
The Money Market and Financial Situation.—We referred
iast week to the easier money market conditions at all finan¬
cial centres.
This important feature of the general situa¬
tion has continued in force, and thus one of the disturbing
influences of recent months in Wall Street was removed
As a result the security markets have assumed a more normal
condition, although the volume of business continues limited.
Reports from Washington to the effect that Secretary Shaw
will carry out his original plan and have the special deposits
in banks returned to the Sub-Treasury on February 1 gave
a decidedly firmer tone to the money market to-day and led
to a general decline in the stock market.
Some houses are reporting more inquiry from investors
but actual sales show little, if any, increase.
The latter is
not to be wondered at, perhaps, when it is remembered that
the average investor finds it hard to comprehend the atti¬
tude or course of reasoning which leads State or county
officials to bring legal action to prevent , or hinder, a proposed
issue of securities by a railway company sadly in need of ad¬
ditional rolling stock to handle the traffic pressing upon it.
The matter is still harder to understand in view of the fact
that the road in question traverses a section of tlie country
where wheat is, or recently was, stored in open bins around
the stations,and inhabitants of the towns along its line are
suffering for want of fuel, all because the development of
the country has been such as to render wholly inadequate the
facilities of the road, which until recently were ample.
The open market rates for call loans on the Stock Ex¬
change during the week on stock and bond collaterals have
ranged from 2 to 4%. To-day’s rates on call were
3-Prime commercial paper quoted at
for endorsements and
for best single names.
The Bank of England weekly statement on Thursday
showed an increase in bullion of £1,438,701; the percentage
of reserve to liabilities was 48.91, against 45.301ast week.
The discount rate remains as fixed January 17 at 5%.
The Bank of France shows an increase of 2,050,000 francs
in gold and a decrease of 3,100.000 francs in silver.
NEW YORK CITY CLEAR I N< 1-MO USE RANKS.
Capital
Surplus
Loans and discount*.
Circulation
.
Net deposits
Specie
Legal tenders
j
J
.
u
.
.-j
.„i
Reserve held
15,148,000
59.000
53.031.900 Dec.
1042.434.4001 Inc. 33.512.000
192,010.000 Inc. 15,009.000
80,458.700,Inc. 3,189.000
Surplus reserve.
!
18.198.000
8.378,000
274.106.900
257.3 12,325
314.687.600
290.953.800
18,460,700 Inc.
1
9,820,000
16,704.575
23.733.800
High
Low
_
.
——Cahlcs-
-——Short—
—
<<l; 4 S2
(,.•14 8135
1 M75
.
_
-1 SI30
Paris Bankers’ Francs —
or 5 2114 a
5 21%
High.
or 5 21 1 i
Low..
5 2 I’m
Gcrnuing Bank its' Marks
on >i4's
9 1 l-l<i ;
High
«
Low
94
94 's
.1 nisUrdam Bantu rs' Guilders—
muh
.-.
.
1 soio
4 8505
| 4 8605
5 18*4,1
5 IS*,a
1
or,
<a
94
!
Or
94*4
|
Oi.
40 09
10 ft
!
1
4 8595
or
I
4 85(i()
01.
!
5 IS*4ft
15 19*4,
01,
!
91*i
1
94
l
10 07
40<7
Oi} 4 8075
(91 4 8035
4 SO 25
i
_
-
-
|
_
'
.
..
Low
-
.
Loss:
Plus:
f
k MO -,f
a 1-10 «
-
1
if 1-32 of
|1',-.
X 1-32
r
of r;.
.
11-10
or
1.3-10
........
-
-
_
.
-
ft 2-: >3 of r;.
1/3-: 12 of
The following were the rates for domestic exchange on
New York at the undermentioned cities to-day: Savannah
buying 50c. per $1,000 discount; selling 75c. per $1,000
premium. (’harleston selling $1 per $1 ,000 premium.
New
Orleans bank 10c. per $1 .000 premium; eommerrial 10c. p'r
81,000 premium.
Chicago 10c. per $1,000 discoiftit. St.
Louis 15c. per 81,000 premium.
San Francisco 50c. per
$1,000 premium.
Interest
Periods
2s, 1930
2s, 19303s. 19 OS-1918
registered Q—Jan
Q—Jan
registered' Q—Feb
3s. 1908-1918
coupon Q—Feb
3s, 1908-1918..small couponiQ—Feb
4s, 1907
registered Q—Jan
4s,
4s,
4s.
2s,
*
..coupon
1907
couponiQ—Jan
1925
registered Q—Feb
1925
coupon Q—Feb
1936.Panama Canal coup. Q—Nov
—
Jan.
19
Jan.
Jan.
| 21
*10454 |*1043i
Jan.
24
Jan.
23
o2
Jan.
25
*10454 *10454 *1044 *1044
*1041* *104*4 *104*4 *104*4 *1044 *1044
*102
1* 102
*
*102
102
103
*1025*1 *102*-* *102*4
*10254 *10254 *102 M *102 4
*
100*4 *100*4
*10054,*10054
+10054 *10054 *100*4 *1004
*12854 i* 128 *4 *128*4 *1284
*12854 *129*4 j *12954 *1294
*103*41*10354 *10354 *1034
*102
*102
*1024 *1024
*1024 *1024
*1004 *1004
*1004 *1004
*1284 *1284
*1294 *1294
*1034 *1034
This Is the price bid at the morning board; no sale was made.
Railroad and Miscellaneous Stocks.—The stock market
active and irregular during the early part of the week but
later became dull and relatively steady.
About 1,400,000
shares were traded in on Monday and fluctuations were wide
in many eases.
The volume of business steadily declined to
but little more than 1-3 that amount on Thursday and the
movement of prices was reduced to a much "narrower range.
was
To-day’s market was weak, as noted above, on a firmer
money market, a new legal action against Great Northern
and liberal offerings for both long and short accounts.
At last night’s close St. Paul had recovered a considerable
part of the violent decline noted last week.
North Western
had also been a notably strong feature.
Great Northern
and Northern Pacific were the prominent railway issues that
fluctuated widely; Canadian Pacific showed a notable loss,
closing 7 points lower than last week.
Some of the industrial issues, notably the coppers, have
been in favor.
Anaconda Mining advanced over 10 points
and closes with a net gain of 4.
Virginia Iron, Coal & Coke
has covered a range of 7 points, closing without net change.
United States Steel preferred is up over a point.
As a result of the week’s operations, 12 active and promi¬
nent issues are higher and 12 are lower than last week.
For daily volume of business see page 211.
The following sales have occurred this week of shares not
represented in our detailed list on the pages which follow:
Range for week.
Sales
STOCKS.
H
Lowest.
Week.
Range Since Jan. 1.
Alice Mining
500 $6*4Jan
100 19
Jan
Bethlehem Steel Corp
Preferred
100 61
Jan
Chic Milw Jc St Paul installin’t ctfs 10% paid
800136
Jan
do
pfd ctfs 10% paid 3.200 146 Jan
Comstock Tunnel
35,700 39c. Jan
Distill of Amur.. pref
200 75
Jan
100 74 4 Jan
General Chemical...
100 102
Jan
Preferred
Jan
100 60
Ingersoll-Raiul
Jan
100 11
Keokuk & Des Moines..
Knickerbocker lee, pref.
100 0534Jan
Jan
N Y <fc N J Telephone...
81 111
4
Jan
Rights...
4,356
..
...
22
24
22
$7.q Jan
19
61
Lowest.
iglicst.
Jail
Jan
24
24
6*4
18,4
OO
61
Highest.
Jan
74
Jan 204
Jan: 60
Jan
Jan
Jan
>
Foreign Exchange.—The market was strong early in the
week but it subsequently declined, influenced by an over¬
bought condition, and by a comparatively light demand,
owing to slow mails; the tone was barely steady at the close.
To-day’s (Friday’s) nominal rates for sterling exchange were
4 82(q)4 823^0 for sixty day and 4 8(3*4 for sight.
To-day’s
(Friday’s) actual rates for sterling exchange were 4 8150(5)
4 8165 for long, 4 8560(5)4 8565 for short and 4 8625(5)4 8635
for cables.
Commercial on banks 4 81(5)4 8115 and docu¬
ments for payment 4 8065(5)4 8165.
Cotton for payment
4 8065(5:4 8070, cotton for acceptance 4 81(5)4 8115, and
grain for payment 4 8160(5)4 8165.
To-day’s (Friday’s) actual rates for Paris bankers’ francs
were
5 21 J'styo 21 \£a for long and 5 18^45@5 lS^a for
short.
Germany banker’s marks were 94 1-16(5)94for
long and 94?4/5(5)94?4 for short. Amsterdam bankers’ guil¬
ders wore 40 07(5)40 09 for short.
Exchange at Paris on London to-day, 25 f. 22J^c.; week’s
range, 25 f. 23c. high and 25 f. 22J^c. low.
The week's range for exchange rates follows:
—Long
United States Bonds.—Sales of Government bonds at the
Board include only $10,000 3s coup., 1908-18, at 103.
The
following are the daily closing quotations; for yearly range
see third page following.
..
$16,537,300 United States deposits inc luded, against $16,510,300 last week and
$S,495.200 tiie corresponding week in 11(00.
With these United States deposits
eliminated, the surplus reserve would be S22.595.025 on January 19 and $12,708,275
on January 12.
Note.—Returns of separate banks appear on the preceding page.
a
Sterling Actual
activity but the list as a whole has been neglected. Price
changes, are in most cases fractional and unimportant.
Among the exceptional features are some of the industrial
issues, including American Tobacco and United States Steel,
which have advanced a point or more.
in,
279,069.300 Inc.
260.60S.600
j Inc.
25% of deposits
$
S
115.972.700
135.951.400
140.800.500
1.025,595.500 1.098.811,500
42,950,700
52.683,400
1,029.369.300 1.163.815.200
224.029,800
189.968,300
90,657.800
84.138.600
116.4*72.700
155,454,000:
j1.003.957.300' Inc.
..
_.
1905.
Jan. 21.
1906.
Jan 20
S
$
124.250.000!
<
.
.
Differences ■
from
previous week.
1907.
Jan. 19.
1
*
203
THE CHRONICLE.
J
65s Jan
934Jan
75
Jan
74 *4 Jan
22 102
Jan
2-1 60
Jan
1 1
11
Jan
19 65 q Jan
23 114
Jan
21
4*sJan
19
7 4 Jan
00
93 q Jan
Jan
$356 Jan
24
25
..
-
...
...
Ontario Silver Mining...
Co., pf
Sears, Roebuck
Southern—M & O stock
trust certificates
Standard Mining
I.
4.730
100
f
19 13.x q Jan
19 148*4 Jan
21 41c. Jan
»>*>
23 136
22 146
24
30c.
24
75
22
74*4
•>»>
iooq
24
21
60
1 1
19 65,'4
24 111
34
4*4
93.4
25,
23
22
Jan 141
Jan 149
Jan 43c.
Jan' 75
Jan 75,4
Jan 102
Jan 60
Jan
11
Jan 684
Jan 115
Jan
44
Jan
8?s
Jan 94
Jan
Jan
Jau
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jau
Jau
1
100
100
97
Jan
$356 Jan
97
24 i 97
Jan
25 $2.90
Jan $3.70
97
Jan
Jan
Outside Market.—The market for unlisted securities re¬
covered from the weakness exhibited at the close last week
and, except for a tendency toward dulness, has maintained
strong tone,with the movement of values to a higher level.
a
British Columbia Copper dropped from 11 Lt to 9^4 and 011
the announcement of an increase in the capital broke to 7 %.
It moved up again and to-day reached 12, closing at IIJ4.
Trinity Copper,after a decline from 37 to 34 % on Saturday,
ran up to 42 \ u and ends the week at 41.
Greene Consoli¬
dated Copper lost a point to 29Jo but advanced to 31 'y$ and
closed to-day at 31 )•>.
United Copper common was strong
and after losing a point to 70,*4 moved up to 74, closing to¬
day at 73;?7.
Boston Consolidated sank from 303^ to 2924,
advanced to 3124, easing off finally to 31.
Davis-l)aly
Estates went up from 17 l4' to 1824, reacting to 18.
Ely Con¬
solidated dropped from 3 to 1*4 but later recovered to
Tennessee Copper from 49.2£ reached 51'**, then dropped teq
47:{4 recovering finally to 49.
Utah Copper advanced from
38) 2 to 4()?4 but declined subsequently to 39 Vo.
Nipissing!
was active and ran up from 13:ts- to 14*4, sank to 12*2s and!
closes to-day at 13.
American Can preferred sold up froinj
51 )•_> to 53 and American Writing Paper preferred from 25 to
26.
llavanna Tobacco common, after selling between 12*4
and 12"’s, jumped to 14.
International Salt advanced 2
points to 20.
Mackay Companies shares were this week
tarnsferml to tin* Stock Exchange.
Manhattan transit
sank from 6 1 s to 4 7s. recovering to 5.
Western Ice advanced
1 points to 31 1 j, dosing to-day at 30.
Standard Oil from 534
rose to 539.dropped to 530, recovering finally to 535.
Wa¬
terbary Company was strong and sold up from 42 Ls to 44*q.
Outside quotations will be found on page 211.
,
New York Stock
Exchange—Stock Record, Daily, Weekly and Yearly
OCCUPYING
S 'l OC KS—HlOli ES 7
Saturday
Jan 19
AND
Monday
Tuesday
Jan 21
Jan 22
LOWEST
1V
SALE
TRICKS
ednesday 1 TEursaay
1
Jan 23
TWO
STOCKS
Jan
Sates
STOCK
EXCHANGE
25,.
I
o-
I Vunye <or TTceious
Kanye lor year ]9<:7
On oasis
the
Week
Shares
NEW YORK
Sri day
Jan 21
l*4(-K<4
lou-share
0/
Lowest
1ear
to(>
Hujhest
l'JUn
t
Lo west
H < //" ost
r
102% 104
102-4 104 4
100
l'O
125 *8 125%
110
117
*93
94
100*4 1004
70%
1.-5
105
*80
>-8
103% 105 4
1004 101
120
127
127 k 128
1164117-4 £17 4 1174
*9 $
9 1
593
93
70% 77%
7-14 784
773.4
*L15
*130
103% 105
'115
125
♦115
142 4 ♦130
88
•80
*130
*80
125
100% 10 4
I 27 4 127 4
110% 117 k
*98
•
'
*115
774
7h%
125
142S *120
‘u
1034 101%
10 L
*100
120 4 128 k
1 17 4 117 k
*93
91
94
75%
100
*115
I
Railroada.
104% lf-54
/
^ tch. Do
Toneka&Santa
F(
pref
101
1Di% 1 17%
93 4
V84
70k
*
125
1»5
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85
1424 *130
v0
88
*89
1-4
*
Baltimore cfc Oliio
03 k
Do
pref
77 % Brooklyn Raoul Transit..
l30
Buffalo Rochester & Pitts
17 4
*100
105
174
10*1
♦105
105
9
28
9
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5
4
54
174 17^
884 89
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3534 304
67
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210
212
490
490
37 4 38%
81
81
2114 21 i
4'-*7
497
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81
81
794
17
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72
63
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4
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39
212k
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8-1
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4
04
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04
70
90
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78 4 794
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734
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19
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523
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104 174
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110
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304
304
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004 07
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504
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604 564
174
170
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105
180
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12
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105
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12
23
5k
5
500
*
LOO
Do
pref
Do rig. ts
Chic. St. P. Minn, cfc Om.
Do
pref
17%
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180
12
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82
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>- 3
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82 k
18k
35
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75
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72%
72%
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4k
70
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79 4
215
535
37%
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7
mi
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108
77
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70
90
1724 176
78% 73%
1084 173
212
510
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4
nelaware cfc Hudson
79 4 Detroit United
17
Duluth So. Snore cfc All.
35
Do
pref
40
!>«•«•
5 131 %
6
Jau
100
J*ly 10.A Jan
Lu.7'% Mas 12
% ><’P ‘
9 t
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71
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83
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S'
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75,85" 18 )'a Jan 25 195% Jan 4 155% May nil. !)t-c
10
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0 - % J ’lie
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101
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2 19kJan
2 204
May 23 1 A May
14,0-0
50
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Jan
0
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D*o
24k Jan 10 27% Jau 5 •25 % Sep
% i >et
509
00
Jan 2
09
Jan 5 70
Dec
7 7 % < )et
1 0
3,00i>
18
Jan 10
Jan 2
10
J ’ne
23% Jan
200
77
77
79 % Sep
Jan 21
Jau2.
,S0i
-!au
09% -fan I;
71k Jan 1- 70
so
Dec
Jau
9oe
23% Jan 21 20% Jan 5 24% Nov 39% -Jau
201.855 115% Jan 19 157 % Jan 14 1140 k Dec
199% Dec
2,021 159 Jan 19 105% Jan 5 $100 Dec 218
Aug
9,003
32
Jan 19 35%Jan 5 32 k Dec
K> ^ Dec
11,0.82 180
Jan la 205
Jan 10 192
Jan
Api 240
110 220
Jan
8 234
Jau 10 225
Mar
Aug 270
24,005
17
1 8% !an 23
Jan l!500 LOO
108
.Jan 21 l7o
8
Jan
J’ne 198
-Ian
200 100
Jan 18 105
Jau 19 175
Nov 202
Jan
lit
0
9 k Jan 1 8
Jan 19
9% Apr
18%Jau
25
23k Jail 18 25
Jau 11
Dec
4S Jan
50e
5
Jan 21
5% Jan 9
3% May 13% Eeb'
1,000
11 % JTy
10% Jan 21
l9%Jan 9
IT % Mar
1.7ui
88
89
Jan 25 92%Jan 7
Dec lo;*•% Jau
107% Jan 7 108% Jan 7 110 J’ly ; 18
Jan
5,000 55% jau IS
33% Jan 9 29% Jan
11
Oct
Oou
00 b Jau 21
69 k Jan 7 00% Apr
73 % Feb
1,200
55
58 vJan 8 43 - May
Jan 21
5 1
Deo
:;,25( 210 Jan lo 227 k Jan 2 189
Ma\ 231% Nov
:,->oo 4-0 ,1 an 17 510 Jan 24 437% Ma\ 500
May
2% oe
37 k Jail 17
42%Jan V 30 '0 Mu\ 51 % J an
5U<
80% Jan IT >■3% Jau D- 83
Oo;
91 % Jan
200
9 % Dec i02
79% Jau21 8 )
Jan ITFeb
70o
17
Jan .3
lOkJitn 5 10
J’Jy 22 A Jan
om
34
32
39
Jan 23
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45
Jan
Apt
0 5,2uo
38% Jan IS- 4 1 % Jau 5 88 % Maj
50 % J an
2,010
7 1% JaD 17
S3
14%
Dec
Jau
75% Jan 7
1,500 02% Jan 17 07
Jan 7 02 % A pi
1
0% Jan
08
. 0
Dec
J an
25"
93
74
79,250
Jan
94 k JanM"
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83
•% Jau
7
.
_
.
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.
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G
85% May 11(1% 8(>p
d. 19 8
■
J Do
1st pref.....
03 4
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2d pref
7 5
Evausv. <fc Terre Hau'«i..
95
Do
nrer
173
Great Northern, pret
7a4
I
......
...
elaw. Lack. cfc West'll
38% Denver A Rio Grande....
82%
Do pret
73%
7
....•
*22
*
54
*17
88
*38%
84
*80
1 0 >
4
35
78
234
17%
*
Chicago Tertu’l Transfer.
28
Do
jiref
54
5 4 Chicago Union Traction.
17 4 17 k
18
17%
Do
pref
*88 4 90
90
90
Cleve. Cm. Cine. cfc St. L.
*109
no
1094 *108 4 109
Do
pret
36 4 30%
30
30 4 Colorado & Southern
36%
08
08
*08
08
08 4
Do
1st preferred
67 4 57 4
57
5‘i% 50%
Do
2d preferred
*215
2 L 7
*
17
*05
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18%
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*100
215
500
38 4
*
*229
233
102% Jan 19 108%.Jan
99
Jan
2 10; % Jan
4,168 124 4 Jan 25 133%Jan
110
24.97
Jan lo 122
Jan
1,74-
124 4 120% Atlantic Coast Line HR..
Do
143k
pref...:...
'85
Buffalo <& Snsque, pref...
181% 180% 1804 l-O?1*.
180% 1-7% 183% 188 k
185% 1804 184%
anadian Pacillc
*03 Si 05
*04
Gi>4
044 04 4 *03% 04% •03% 04k
*‘-34 04 k
anacla Southern
*210
210
*305
215
*298
215
*208
*210
218
215
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218
Central of Now Jersey...
5 14
60% 513,
504 62 4
0 IS
52 4
52 4
51 %
52 k
514 51% Chesapeake<fe Ohio..
•20
25
27
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27
♦20
27
24
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25
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Chicago-<& Alton RR
*
♦
70
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67
70
70
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10 >4
16
164 164
104 104
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10
4
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10 k Chicago Great Western..
77
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71 ^
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5 p.o. pref. “A”..
23 4 234
23 4 24
23 4
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23 4
Do
4 p. c. pref. “B”..
145 4 US
140-4 DP I 4 148% 1504 149 % 1 50 S 150
150% 140 4 151 = 4 Chicago Milw. «.fc St. Paul.
101
169
102 4103
1<5'4 162 \
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“102
105
162
104
104
Do pref
32
33
33 4
33
324
33 4
33 4 33 4
32 4 33
33% 33%
Doanbacrip war’nts h
LS7
189
189 4 190.4
180% 137
190
190 4 191%
191
I8n
189% Chicago cfc North Western
{227
*2-7
227
234
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1 o7,000
......
t
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......
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......
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12,54.
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Jan
Temp ctfs for
ore prop.
W.,deb. ol.l.r.
deb. elf. I
2
5
80
8
J’ly
94
Aug
Dec 348
Feb
85
Dec
Dec
No'
92 k Jau
23 % Jan
Oct
Jan
53
Aug
Juu
97% May
Eel- 135
Apr
Nox
99% J ne
Min 18 4 k J ’ ne
c a
70%
icon Bay &
.31 Si
15
14
Do
1
11
Jan 25
14k Jan IT li%
45
47
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47
47
41
Jan 8 47
Jan 3 33 %
♦
85
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85
85
Do
30"
7 i %
pref
83
Jan ^ 80% Jan 4
*
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120
120
120
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i
115
15
Valley
Jan 19
Jau19 1 13 %
*91 ta 92 4 *.♦.....
92 4 *
92 4
Do
200
92
pref
91
k
Jau-5
91% Jan 19
104
105
lt>5% 105%
105% 10.)
1,000 104 Jan 23 172
Jan 3 104
37
37% 38 k
30% 39
87%
171,-130
39
nterboro-Metropolitan.
Jau23
Jan
33%
J’ne ,>5 % May
32%
;1
.4
75
73
73
75 4
74
i 0,450
Du pref
"Ok Jan 21
75%.Ian 7 70% J’ly
87% May
27 4 2 7%
20
27
27
20% Iowa Central
5.1)02 4
21
2 8 % J an 4
Jan IS'
J’ly 34 S Jau
45 4 40%
10
47
46% 40 k
Do
3,2 00
pref
48
43
51
Jan IS'
Jan 1
J’ly
03% Jan
78
79
i < 8
79
78
7.8
3U
7 7
73
Jan 22
Oct
80
Jan 1"
s i -t 1- eb
*28
28 4 28 e
29
274 274
700
ansas City Southern..
3
20% Jan 21 30% Jau 5 22% J’ly
7% -/an
*58
59 4
69'a 00
09
56%
Do pief
3,7uo 58 Jan 19 01 % J a n 8 49 J’ly
1 i
Jau
28
23
28
28
27% 87%
OOo
2
4
4
12
28%
Jan
27%
Jan
26
7%.J’ly
A -Ian
*70
*70
*70
80
78
*
78
Do
/•*
pref
9
Sep
k J an
*02
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*02
*8
0707
700
Long Island
62
Jan
i
07 k Jan 9 OL % < set
81% Jau
139 4 139 4
138
1.19
130
189%
Louisville
cfc
13,025
Nashville...
13-j
!
*133 Jan 21
‘4 May 1 5b *m J till
45%.I an 5
112 S
112
142=4 U2A 112
143
*142
1434 14 ;4 1.2% 143
145
2,90.. 142
.1 an 21 143% Jan
. 01
105 4 105'-.
Jau
7 14i
Sep .02
4 110
1914 Lo5
11)5
‘101 4 107 4
*101k LuS
107
400 105
erropolitan
Street....
P’3
J’lv 421
*— 4
Jan
2..
lo7
Jan
24 4 25
Jail
5
23
••-■4 4
24 4 25
244
2 3%
24%
21%
Mexican
2
4
%
Central
15,300 22% Jan 25 2 % J an 6 18% Max •2-- '-2 1 >' 0
*
57
67
ij 7
0 ''S
57
68
a 74
57 4 *50
53
5?4
57‘v
nOo
a.8 k Dec
Minneapolis cfc St. Loyus.
57
59
Jan 15
88 4 88 k
.*> ?
Jan s
93
.-.4, Jail
89
90
8.-4
*88
9.1
90
*37
100
Do prer
500
S)0
90
."7
Jail 14
117
Jail 24
119
118 ‘a 121
Ap, 1 mi i , J an
1 i 9
U1
118
118 4119
117
110
118
Minn. S. P. cfc S. S. Marie.
D
1
13
4
117
Jan
1
Dec
*160
158
10 4
Mar
152
164
4<)% Jan 3
158
1544 1544 *150
,58
♦153
155
153
Do pref
600 15“2
Jan 2! 168
Jan 3 103 % A pi 183%Jau
37 4 38 4
364 3 < 3y
38
38-.
38 4 39 k
3*4 3SV
1 8,200
3714
33% Mo. Kansas cfc Texas
29
41
09 4 70
18
35%Jan
,Ua;
%
Jan
5
7u4 <143% Nov
7 1
71
i 1
70 %
714
10%
*70% 714
Do
•_,:o^
pref
3 0 J
80
8 < %
8 7%
09% Jan 19 72%Jan 1 04% Apr 7o Nov
884
87*4 88 s
87 4 88 4
s
4 87% Missouri Pacific...-.
14,410 Ml Jan 1> 92% Jau 5 80 % May 100%Jau
14 U
140
*137
145
*137
ID*
*137
*187
139
112
142
139
200 139
Jan 25 147
57
57
*57
59
Jan s 133
Ma> 149 % Jau
60 % 57
*!>-i
50
50
69
•50% 69
at. of Me-x,
300
50 % Jau 2’_
iiou-cum.pt
-•9*0 Jan 9 30
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-Ok
•*25% 204
Do 2d pref...;
20 4
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18
20
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128 4 129 4
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%
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kJan i 7
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188
130
N. Y. Central cfc Hudson..
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*57
*u’.(
03
*
02
59 4 692,
*58
01
00
*57v
0l
N.
Y.
Cine,
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100
cfc
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58
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*110
Jan 11
Alai
120
13 ., A pr
120
03% Jan 7 ■'9
125
•lio
*110
*1.0
1 jo
*110
120
120
Do
1st pref
110
Jan 10 1 lo
*84
90
*84
90
Jan 10 Ilf
s 4
80
HO
Apt , 20 > Jau
*8 1
80
81
SO
,-5
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2d prer
3o-0
*
80
81
Max
Jan 23 91% Jan 7
*lel
180
92
180
DeO
j 8‘»
*180
180
•180
185
^ 18 14 1814 * laO
185
N. Y. N. Haven cfc Hartl.
0
45
45 4
45
5131% Jau 24 189 Jau 9 1 -9 k Dec 204% J au
45t
45 4
4->% 4 5%
4 5 'a 4 5 k
45 k
N. Y. Ontario cfc Western
4^>
•
%
45
4,20o
45
3
11
a
11
57
43%
87
48%Jau 5
May
874 88%
'a 8 8 u
4 Jau
88% 88%
83 4 83-v
£8% 85%
81 % 88
Norfolk cfc Western
4,090
*
Eel
90
."8
*83
87% Jan‘21 92%.Jan 6 8 4
88
*87
89
97% Oct
•'•5
85
*80
88
38
90
Do
140
adjustment pref.
8 8
89 % A pi
149 4 1514
J
an 2 i
149
90
90
Jau
153 4
k
Jan
10
162 4 155 S
*>4
1
15 14 154%
4 150% 1D
11> 3 ‘'a Northern Pacific
137,294 *149 Jau 2 l ls'.t%Jan 7 179 % May 232 % Feb
17 4 184
17 4 19
184 D.*4
l
13% 19 k
184 18V
Do subscrip, recta...
SCj
19
'
*
40,.050
17 % J an 21
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20 v Jau 17
125
l i 0
i23
♦113
125
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*1 i 8
l; 5
*113
125
125
*121 Jan 17 124*0.; an 7 103
•98
DO
Jan 142
*98
109
J’na
■98
luO
*98
*98
*98
100
100
luO
Do
1st pref
105
*110
125
*110
Jan 100
125
Jau
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125
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'll)
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125
125
125
Do 2d pref
12
133 4 134%
105
1%Jau
%Jau
435
4
124%
Jan
2
133% 13.. 4 13 % 135
May
Lie 4 135%
184% 135%
134;% 135 % Pennsylvania
115,000
122
*77
8 L k
i (
k
S1 'v
133%
Jan
U
147
J’ly
78
78
141%Jan
8
*/0
%
Jan
11
77
73
814 *75
Piltsb. Gin. Cliic. Jo St- L
1,000
7 1
75
•100
Jan 21
108
*100
78
Jan 22
108
*100
108
May 87 Jau
*100
♦luO
108
J100 100
108
Do
40
pref
120
12 -4% 1 2 9 S
106% Jan 6 lo.5%Jan 5 U)0
1294
May lo9 Aug
127% 129 % 127 4 12-» % r-i‘23% 139 k 127 D28% 1) eadlug
1,183,950
124
*88
92
112
*88
92
% Jan 2*2 139% Jan 7
*88
May cU>4 Jan
92
i».>8
♦>8
92
92
92
*a8
i-Vlst pref
89
Si)
*90
94
92
*904 95
Jan
Si Jan L*91
7
Sep
9o
Jan
95
*.-0
*91
95
92
*90
92
2d pref .'
90
204 204
204 28
Apr 4 02 - J an
27% 28
2*5% 27 %
204 27%
204 27
Eiock Island Company
42,240 ‘20 Jan 18 3 ;%Jan £ 22% J’ly
0 0 4 01
0 L
0 L
00 4 00%
*00
32% Nor
58% 00 k
01
00
00
Do pref
4,umL 53% Jan 23 Oi%Jau ;> 00 Jiy 09% Aug
67 4 67 4
09
09
*07 4 70
*07
*07 4 70
094
03% 08%
300
00
t.-7 k Jitn 19 7<)
43 4 44 4
45
Eeii
4 0
Jan 11
45
45 k
45
72%
♦15
Apr
4 0
4*4 % 45 %
45
Do
2d prof..
2,5uo
23 4 23 4 *23 4 214
13 % J an 1
*23 4 24k
4-%Jau 6 40% J’ly 51 % Feb
*23 4 24 4
23 4 23%
is Southwestern..
23%
28%
000
2
4
67
*57
67
2.7
69
%
19
Jan
% Jail 7 20% .May
*50 4 59% •6 7
67
27% dan
*iw
57
59
69-p
Do
400
pref
91 "a 93
57
Jau 1
03 % sep
92% 94 4
94
00% Jan 16 4834 May
94 4 95 4
95
95%
95%
93% 95% Southern Pacific Co
2nd,54 ,i 91% Jan .
61
*110411.4 *110 4 117% *1 174 117% *117 4 117% Ilf 7a 117 v }117%
90‘4
Jan 14
97 k Sep
May
Do
117%
pref
200
28
28 V
28
ll*:%Jan 2 118'% Jan 14 HO J’ly 120 k J’d«
29
29%
29%
28 4 29 4
28% 294
28 % 28 4 loutheruv.tr. cfs.
8 5 4 804
stmpou 35,040 28 Jan 1" 3t J an 5 3f % Nov 4 .‘A Jad
80
87
80
804
80 4 88
io'» 80
Do
80% 87%
do
pref.
33
4,392
85
31
"3 4 34 4
Juu 10
94 % Jan 5 93% Dec 103
J an
34% 344
31% 34 k
344 314
3i
34
33
4,400
*120
123
Jan 19
117 4 120
1 19 4 1 L9 4
37% Jau 7 28 May 40 A Oct
120
120
*120
120 4 12O4
122
bird
Avenue
(N.
Y,)...
28
1,900
28
•27
117%
Jan
21
123
29
Jan
121
*20
Nov
8
29
*27
29
*27
•20
28
*139% Jan
29
Toledo Railways cfc Light
300
31
23
Jan 19 2s*
31
30 4 304
3 L
Jau 7
25% Deo 3 0
J an
314
32 4 334
31% 32
33
33
ToL St. L. cfc W. v. tr. ctfs
1,700 50%Jan 21 33% Jan 5 25% J’ly 40 k Jan
604 51
51
51 4
50% 51 4
51
63
53 4 63 4
63 4 63 4
De
pref. vot. tr. ctfs.
5o
3,0tHHi
k Jan 19
53%Jan v 43
J’ly 59% Jaa
*
16
47
*
15
47
80
led
♦
15
*45
47
85
*85
85S
115
120
914 914 *914 92 4
914 91 S
165
105
105
DO
*105
i08
3 4
85 4 35 k
30 4 37 S
37
72 4 72 k
70 4 73
724 734
24
25
24 4 20
25 %
20
43
40 k
43
418
414 40S
*78
80 4
*78
80S
78
78
28
28
20 4 204
274 274
68
68 k
68
58 4 59
58%
*27
28
*2 7
3 i
*27
33
*70
•70
78
78
*70
78
'
•62
05
2
02
02
00
139 4
139 4 140
1393bH Ik *1 38
*45
85
115
♦45
*85
*
*
*
*
Havana Electric
*
Illinois Central
KC. Ft.S.cfcM.,tr. cts. pt«i
Iake Erie* Western...
•
♦
.....•
.
.
Manhattan Elevated...
*
•
•
Nash. Chatt. <fc St. Louis
*
,
■
‘
Pacific Coast Co
......
...
..
-
*
.
I^exas
.
Pacillc
BANKS AND TRUST COMPANIES—BROKERS’
28r-\>
Sid
Ask
Aotna
207% ■2:0
...
Battery Park
Bowery*
Buleh’tjifc Di
Century*;
050
120
320
1 TO
175
ft‘2 50
Ollano
Chatham
Che Boa Hxe*
....
Bid
Citizens’ Ctrl
America 1.
525
Amer Excli.. 2 13
Astor
Banks
A sk
Chemical.... '4100 4200
iQKK
3 10
195
53
>
250
750
10
3.10
1S5
....
145
155
205
City
270
Coal A Iron. 250
20 0
e'olonial *j
700
3 25
ColuiubLa'j.. 490
Commerce... f 183 4185
(Umsolidated 10 5
175
C’ru Excli^j
300
310
150
100
| Diacountji...
100
j East River.. ! 50
...
I
1
Fidelity*
Filth Avc*
..
2u0
39m)
Banks
..
..
Hanover
4200 i Imp A Trad.
*
Bid and asked prices; no sales wore made on
tins
f Sale at Stock Exchange or at auction tins week,
Bid
Fifth
L'Arst
44th Street!].
Fourth
Gallatin
Garilelil
German Am\
German ExS
German iaT!
Greenwich *]
Hamilton';
day.
c
Ask
1
Banka
340
7 lo
225
205
305
......
150
435
500
2*0
200
505
t)«i)
_
_
_
i
Bank*
•212
3 75
000
158
Bid
I liter boro*1..
1 rvinuN. Ex.
150
Jefferson*;...
Liberty
.A sk
Bid
Metropolis;
200
210
Mutual';
500
90.)
540
Nassau^]
305
Market tfc Ful 205
24 5
Mechanics’
Meeh & Tra* 170
3 i 5
Lincoln
150
Manhattan*^.
Mercantile.. •250
Mt
177%
Mercnants’.. 1 3.0
17 0
390
1 Metropolis *
.
J Less than LOO sh; ires,
f E.v ri zuls.
Ex beneficial interest in ore
properties.
Morna*,,..
....
ICO
240
300
195
A sk
170
19i.il Wardl
.
North Amer.
| Nort iiern
1
Oriental'!....
359
‘J •">
275
170
270
275
a
n
At*
250
Park
t405 tlOoS
300
160
500
170
250
P
lazuli
Prod ExchT
Riverside^
.
..
Seaboard....
Second
State*
34th Street..
! 12th WardU.
180
580
175
280
375
700
t 325
207%
400
Wards'.. 190
Ex-divide ml and rights,
paid,
Bid
230
Peopie’sjj....
lj’23-1
......
“i State banks,
h 1st ineta.m’t
Banka
Pacilic^]
T ,
325
200
215
New Aihs-ter 2U0
New York Co 121)0
New York... 315
325
Nlght & Dav
500
275
2.5 5
iso
275
Merch Exch.
515
Banks
155
.
295
QUOTATIONS
ft New stock.
Sola at private sale at this prices
J
20
an.
New York Stock Record—Concluded—Page 2
1907.J
ST JC h S—HI (J UhST
~103V
17 iv
-92
-63
66
Jan 22
Jan JJ
1U3
175s,
93
59
t6
KRJCJlA
SALJl
Wedne sday
Jan J3 '
f'uemlay
Monday
Saturday
Jan 1U
LO WifiST
AHH
Thursday
/•rid ay
Jan 34
Ja n 35
103 4 104 4
105
105
105-4 107 4 ‘105 4 108 4
172V 176 4
92 4 92 4
175
92 4
59
68 4
i~7t.34
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59
59
69
59
63
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59s,
69
173 V
„„„„
^
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.......
684
084
....
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930
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164
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33
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pref
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Western Maryland
13
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35
1st pref
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1054106
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107
14.7
103
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90
96
89 4
944 97
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83
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7,720
i
Colorado FueKVj Iron
1294130
Granby Cona MSA P....
80
'•*94
48
74 4
704 71
82
82 4
*117
118 4
*13V 14 V
*84
87
704 7 L 4
73*4
Kuick/'i
M ckay
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m
-o
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Jau 12
J an 2 lo3
Jan »9 i-U2 V J an 7
.(an 21
Jan 5
8V Jan 11
OV Jau It304 Jan 7
88
J an 2
1oV Jan 1 o
36 " Jan 7
74V Jan lo
7'V Jan 18
0
28
85
Jan 19
Jan 19
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35
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7
70V -Jan 19
luOVJan 2 1114
11
22
i9
254
93 4
155
x
2 117V
11 205
.
3,90:» 82V Jan 2
11,080 z70 4 Jan 19
Jan 18
160
2,190 92V Jan 39
19,500 155V Jau 11
1,100 129 4 Jan 25
1,400 17
Jan 21
1,406 so Jau25
20t 49
Jan 24
20o
Jan 19
37
1 '20
7t' 4 Jan 19
1,70n 4->
Jau 23
1.706 73
Jan 24
3,75c 70 4 Ian 25
3,640 77
Jan 4
,
loot Cine,
Companies
Do
*1064 1074
pref
884 944 Virginia Iron Coal A C..
71 * Jan
S'! V Jan
Jau 25
4 Jau
94oJan
15 V Jan
57
Jan
90o
V.Oi
7,7. 0
.
J ,20
20(
100
2 Or
63.
2(
600
80
2,51,
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9sV Jan
107a Jau
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Jan
99V Jan
13
l
"
83
7
58
45 V
834
i
tV est’n Union Tele’gph
West’gh’seEl A51 lgassen
‘24
Nov
35 V Jau
4.>
Jau
9 i '8 Sep
29 V Jau
53 V Jan
h M ay 78 4 Jau
4 l>ec 120‘4 Jan
16-h Dec
' Dec
35
J’ne
Jan
V Dec
4 Ma>
Dec
J’ly
Dec
9-h a«>\
40
May
1274 Ma\
1-8 4 Dec
130
J'ly
96
J’ly
o v
Apr
29 V Apr
101", Jau
174
Jau
130
Jan
220
Jan
loz
Jan
l.> V Jan
53 V Jan
167
Jan
140
Jan
144 -8 Jan
109
Jan
48
Jan
110 V Jan
28
Nov
101
J'ly
223 4 May 3oo
10.» m Nov- i78
13 *4 J ly
21V
/ o
4'>
A pi
33:h Dec 49 V
pep
Jan
Apr
M
Jau
90h Dec 10/4Jau
40 4 May
S3’s Jau
J’ne 1 12 4 Jau
85
17
M ay
o
Nov
h
.
•
•
S5
.
.
.
......
.
....
.
97V J O
Jan
tc<
4 it
V 'lay
.day 110
9 /
68 4 J iy
22
91
ltn
Jau
,ll 129
60
-la 11 17
1 »9>
Jan 8
Jau 1,
Jan 21
Jan 2
.
....
79 4 Deo
62
51 uy
8 113 m Jan 1 1 s 4 Oct
i b
12
Muy
-u d an
6
88 4 .\lai
83
Sep
3
7 06 iM ay 95 5, Jan
5 100 V J ’"‘ lot) V .Jan
7 133 J’ly 163VJ nn
s7 4 Nov 10/
Jau
4
28V J’ne 51 4 J an
5
4 88 J’ly 103 Jan
lb V No?
13 V Muy
15
62 4 Jan
J ly
50
4
61 •„ Jau
43
M
a.'
1"
51 it) 103
Feb
24 95
Nov
Dec 2/0
8 180
44
May 02 h Jan
77 SJan 7
107 Jan 11
*4
Jan
11.»
Oi l
Jail
l JirXJ
.1 an
A pr
1 D>0 Nov
.oay
80
Oct
,s
784 Jan
50VJan
3 l()T:h Jan
7
76
Jan 13
15 V J an 19
49,09t 104V Jan
1,05c 314 Jan 19, 39VJau
lo8
Jau
,
A"<> 106 4 Jan
\\/'e!ls Fargo A Co
Jau
Jau
Aug
Jan
Jan
15 V J uu
5 4 b>ep
4 Jan 15
b4
62
J an
oci
61 ~ Jan 7
53
43 4 May
Jan
494 Jan 6
s3 4 Dec
9‘jV Jan
Jau 15
Jan 3 89
.Jan
{110 Jan 25 {117 Jau 9 109 .May 138
75
so
AUfc, 9 i •* J an
Jan 21
90 'y J an
l
40
24
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27 4 Jau 9 294Jan 7
64
60
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00
33
•/J'aua
J’ly
4 8V Jau 2
52
Jau 7
xl04 Jan 1
109V Ian 7 xlOtv J 'ly xil5 Jau
119,300
10,900
4
19 181 4 Jan
3 57 4 Jan lu
Jan 8
22 99
Jan ,
19 41
,9 luO
Jan 7
{105 Jail 14 !
l
.l.m i
Jan
16
39 h Jan
41 '• Jan
19
1
19
22
52v Jan 19
867 9.0
Jail
1.640 170
Jan
g,8UO 594 Jan
6(<U
98
Jan
9,90.
30 4 Jan
2,100 9/
Jan
3,100 724 Jau
4 J’ly 10.>
44 V
51a>
90
Dec
95.
i*2 i 5
Apr 2/2
t <8 da>
11-4
5 4 Nov
10
......
.
36
Jan
28
.....
116VJau 7 116VJan
15V Jau
134 Jan 21
Jau
85
81 4 Jan
3,HOo 70
Jan 19 76VJan
100 1024 Jan 9 103
Jan
900
*134 4 Jau 18 141 4 Jan
83
3.»
89 4 - •• n
47
Jan
130V -^P1 161V Jan
28
18 V J D
Apr
877^ Jan 25 74m May 8oV Apr
J
51
an
7‘V Sep
75
Jau 3
juu
Jan 19J
163
Jan 16 138
112
91
V Jan
J'ly
-97
Jan 14
Dec 18c
uct
163 Jan 22 X136
131
Jan 24
26'4 Jan
16 4 Sep
ISM Jan
7
90
80
i'i>
Jan
SI
FebU
x95
48
Jan
bep
6O h Jan 1 5
60
.it ay
23
Jan
4L
Jau 7
92
iJ aii
May
81
Jau 1 4
04 V Sep
6-t v J ly
69 4 Jan 4
bi'
5,63o
2,900
17,Jut
Sep
*300 Aug
27 V aan
07
Jau
118 i J- «■ b
34 4 Jau
102
Jau
9"
53
J an 21 10 •;
4
25
Jan 3
Jail 7 92
Jan 7 138
Jan 7 112
Jan 18 2u0
100
900
Coal, Iron A Rlt
Ho
J
!
-
1, lOt
4,750
182
Jau
9 V Jan 19
1oVJ an 5
2.00U 44 Jau21 474 Jan 7
14,050 130 4 Jan 19 136 V Jan 5
lot 130 V Jan 4 131
Jan 2
Jau 4
Jan 4 133
133
1 {7 / 8
98V Jan 6
96 V Jan
1,800 32
Jan 19 315 4 Jan i
945 100
Jan 16 102VJan *r>
93,576 Z272 V Jan 39 29It*Jau 3
Jan 3 111
Janli
iio
144Jan 4 14 4 J an 4
49
Jan 4 494Jan 3
20,100 H4\ Jan 19 38 Jan 24
451
994 Jan 4 lo i 4 Jan 11
45,709 50 V Jan 19 67 •- Jan 8
100 86 4 Jan 19 854 Jan 19
3,610 24 4 Jan 19 28 Jan 7
1,150 134 4 Jan 19 139
Jan 7
26,>16 22 V Jan 2 24
Jan 22
65
Do
68
]>rei
60 4 56 4 United States Rubber....
*105
Do
1st
1(.0
pref
Do
2d pref
'754 70
40 4 47 4 United States Steel
luO
Do
1004
pref
SO
30
Virgiaea-CaroLLea Chern..
*150
*166
23 4
m m m m
2,220
305
84
157
Tan 19
_
' 474 U. S. Cast 1. Pipe A Foun
Do pret
3874 87 4
United States Express...
31,0
110
U S Realty A liuprovo’nt
*8,1
83
27 4 29
U S Reduction A RetinV'
*275
84
l!
92 V J’ly
20
J’ly
90
1 >ei
20 4 May
82 ■). Oct
32 h J’ly
J1
29 4 Keb
33
.lan
64
Jau
9 {240 J'ne
6 16 J’ly
700
Texas Pacific Land Trus:
I f uion Bag A Paper
85
8
69
*7
59
47
m
M a>
21 V Oct
23
M ay
44
J’ly
4o
an
2l-h Feb
4s4 Feb
Apr
6
8
24
Jan
92
Jan
6 1,600 145
Jan
l.OUU 114 4 Jan
197 4 Jan
Do* pr f.'.
V ational Biscuit
i^i Do pret
Nat EnauieiiugAStamp’y
Do
pref
National "Lead
Do
*lu24103
pref
137 4 137 V New York Air Brake
83
85 8 North American Co., new
3/4 37 8- Oacilic Mail
90 4 97 v JL eop. Gaa-L.«fc 0. (Chic..
*
16
17
Pitt.suurgh Coal Co
5b V 58 4
Do
pref
54 4 64V Pressed Srteel Cur
99 4 99 S
Do
pret
*1.2
Pullman Company
175
53 4 64 4
| >ailway Steel spring...
iV Do pret
90
98
3/4 30
Republic Iron A Steel 7..
98
Do
98
pret
73
73
Closs-SlieUieid SLA Iron
•102 V 1064 O Do
pref
*82
T
10
36
3
700
115
17 4 1 nterlialionai Paper
i
Do
80
pref
59
international Power
Internal
39 4
Steam Pump
Do pret
79 4
*37
{ TJ 4
48
00
T
uacomlatiiopper
5 2:4
*85
95
*25 4 20 4
135
135 V
244 2 1V
87
87 V
*17
5i
102
Jan 19 12IV Jan
Jan 17 25VJan
200
Woolen
pret
Do
pref
Col. A Hock.Coal de Iron.
Consolidated Gas (N. Y.).
Corn Products ltefg
Do
pret
/14 724 Distillers Securit’a Corp.
*150
170
Federal Mining & Smelt’g
914 94 4
Do
pref
159 4 161V General Electric
85
47V
750
*110
120
i>rooklyn Union Gas
*14 4 15 4 1 trimsw. Dock & (9. Imp'.
*50
53
11 utter 10k Co
37
38
/ mnual Leather
^ f Do
♦1004 loi
pref
61V
7|
i 0
90
Jan 21
352 235 4 Jan 19 247
American
A
16V Jan
37-h Jan
2lh Jan lo|
25V Jan 12
51 4 J an 7
4 Jan 18
200
Do
pref. ctfs. of dep .
Amer Smelters Sec pref li
Amer. Smolt’g*& Kotlu’g.
Do
pref
American Snurt
Do
pref
American Steel Fouudr’s.
Do
pref
American Sugar Retiumy
Do
]»ref
Amer. Telepli. <fc Teleg...
Amer. Tobao. (hiew). pi el.
Do
Dec 122V J an
( H’t
{ ' 50 Oct $ 1
5 138 4 M ay 1 • *5 V Sep
99
91 4 51 s'
7
V Jan
5o
7
Apr 98 J a u
55
Apr 93 4 Jau
i
87 4 J an
j 84 4 Apr
1 >ec
26 4 J an
6! 1 S
53 v Feb
36 4 Dec
7
44
Dec
3o
4 - na
7|
5> 3290 Jan 9 {290 Jan
8,800 34 v Jan 19 j6VJan
9,400 37V Jan 2
43V Jan
-8
30
85 4 85 4 American Ice Securities.
*17
ll*
*32
Do
38
pref
72 4 73
American Xiocomotive...
*110 4112
Do pref
Amer. 5falt. ctfs. of dep...
*
81
3
60
Jan 7
12 V Jan 23
32 4 Jan 23
174 Jau 23
23 4 Jan 18
30
..
*
•
184 Jan
384Jan
American Grass Twine
Amer Hi(le<& Leather....
De
pret
111
*34
4
34
24
*92 4 93
*02
93
148
149 4
146V 149
116
*115
1104 110
*190
240
*190
240
*90
100
*95
100
9 V
10
10
9V
44 4 45V
45 4 45 4
131 4 132 4
132 4 133
*128
♦128
123
133
*125
T-8
130
130
97 4 97 4 {97 4 97V
*«•3
33 4
33
33 4
‘279 4
16 v Jan 11
32 V Jan 1’.
pref
American
*
Tenn.
■■
*106
Q
*34
240
7V
-
80
67
SO
6 4
85
3 7
36 4 37
38
'. 4 4
94 4 95V
95
lb ^
15 V 16
17
*65
*55
53
56
62 4 53V
98
1 8
99
rs
170
170
171
1714
-63
5
3
634
4 54
*98
*97 *a 99
99
36 4 38
97
37 4
97
97V
*97 '4 93 4
72 4 724
72 4 73 4
*102
1U8
1*103
106
164
161*
*
•60
65
85
47
87 4
’
*
2,87i
3,170
pref
Do
91
Jun
714 Jan
6,300
15
*89
90
•
**
824
86
25
24 '
92
*91 4
149 4 147;4
*
116
1154
240
♦190
100
*y5
10 V *10
45
45
132 4 132
128
128 V
130
334
90
*235
91
239
239
3
*7V
*5V
102
103
30 78 31
*89
*27
..
5102
62
Jan 19
300
4 dams Express
llis-Chalnu'r.s
V 164
Do
38 4 39
pref
504,109 11IV
113 4 11 V'4 AmalgamatedConpor
900
2 4
Arner Agricult Chemical.
22 4
‘2 l
•
Do
*87
102
i>ret
1.300 20 4
2o4 20-4 Amer Beet Sugar
*
lOO
80
Do
81
pref
43 4
12,000 42 4
American (Jar Jb Foundry
44
S'-O
102
Do
100 4
102
pref
31
American Cottou Oil
2/200 29 4
31
*
Jan
Jail
66
200
*290
2784 2794
110
120
120
120
*110
*
14 4
15 4
*144 154
*14V 154
*5
»
53
*50
53
*5o
53
37 *3 38
35 4 36 4
3 6 4 37 4
101
101
101
101
1u078 101
i)«i *4
52 4 53 V
0O
524 5 .j V
*85
95
*85
95
*85
95
26
26
25
25 4 25 4
254
136 4126 4 136 4 136 4 * i 35 4137
2
24
24 4 244
TV
4 24V
2-Tv
b6V 8/ V
864 87
86V 87
72
73
714 72
7iV 72 V
*150
170
*150
170
*150
17o
96
94 4 95 4
*94
94 4 95
160 V i62 4
161
162 4
1564 163
130 4 131
17
17
17 4 17 4
17 4 17 4
80 4 8Oh
*80
81
80 4 80 4
*49 4 59
49
43
*49 4 69
*57
*37
08
40
37
37
*77
80
*77 4 80
80 4 80 4
•42
50
50
50
40
45
75
75V
70
71 '
83
83 4
82 8j 83
83 4 83 4
*115
1184 *110
118 4 {U74M74
*13 4
14 4
14 4
14 4
*134 15
*83
*83
8 7
89
*83
89
71
714 72 4
ViV *714 73
*
IU2
102 4
102 4 102 4 ♦102V If 3 4
*133
1374 137 4 13 7 V 1374 13 7'h
85 4
85 4 86 4
85 4 86 V
86
38
39
*37 4 38 4
37
37
95 4 97
97
97 8*
96 4 9/V
i 5 7a
104 10V
16 4 *164 17
57
59
57
♦57
*56
68
54
55 4
54
54*.,
544 544
99
99
99
99 V
*98
99
172
172 4 172 4 172 V
3171
172
*54
55
54
54
614 54 4
93
98
98
93
98
98
37 4 38 4
37 V 38
37V 38 4
98
98 V
98 V 99
9e»4 99
73 V 74 4
74
74
74
71
*
*102
106 a
102
1004
106 4 *102
52 4
35 4
H)14
*45
52 4
35
-50 4 51V
85 4 65 4
24 4 25 4
134 4 135
23 V 234
66
86
7u 4
*30
'3
6
29
*34
4
25
*23
10 TV
31
1014
•
112
.>
3th
*
86
86
* 1 ti *i.
Z U
*16
19
*24
39
39
•34
73 4 73 4
72
73
112
11141114 ♦111
*23 '
*
92
924
14'V 145 V 1484 U8
1154 I16
115V 115
*190
*190 4 240
200
*95
*95
100
UO
10
10
9 7a
*94
>' V
45
4
4
45
45
15 4
132 4
1314
1304 131*0 131
^
•123
133
•126
133
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*135
139
*1284 130
97
97 4 *97 4
96 4 96 4
3 4
32 4 33
32
33
*
* lOO
1hO
102
•100 4 102
272 4375
2744 278 4 2774
♦110
•110
120
•110
120
*50
157a
14-4 1164
*74
*54
*264
6 4
29 4
86
*27 4
06
39
*2()V 214
•18
82
44
44 ^*2
lu 141014
3o
30 V
*89
91
240
240
84
6
*
16V
23 4 24
*8 7
102
25
*234
*290
300
300
*15 4
16 V
164
40 4
40
40V leV
1154 1164 xl 14 V 115 V
*23 4 25
23 4 2 4
**7
102
*87
102
21
21
21
21
*
81
81
44 4 4 1 4
414 44V
*290
300
1478
5.4 Jan 25
94
Highest
Lowest
t!
1,56l>
7,''O'
Industrial & tliscell
■
I’reviou
1
.
...
......
92 4 Jan 21
400
Do
2d pref
19V
24 4 Wisconsin Central
19-4
for
Year (luuti)
Highest
575,750 172 V Jan lo 183
United Rys of
33
3"
13
33
IS
24
*47'
Lowest
2,600 102 4 Jan 19 1084Jau
City Rapid Transit.
Kangt'
I- )v
.
j Shafts
175 V
j
Oasis o/luU-share Lot
>n
_
1-1
EXCHANGE
I)o
prer
1 T mon Pacitic
CJ Do
93
pref
67 V U nit Rys 1 nv’t of
Do
69
pref
Kangs for Year iH07
O’
/»
NEW YORK STOCK
105 V 105 V Twin
176
177
92 4 92 V
175
STOCKS
205
77
203
I,20o
900 1
S3
Jan 2 97
Jan Is 283
Jau
3
Jail
Jan
Jan
Jan
S5
18VJau 17 151
1st pref
...
......
75
-dii
i
xb/4 Jan
••’0 V
32V * iy
7 93V J’ly l Li 4
0.0
7 31 J’ly
J’ly 117 4
9 104
93
33
Muy
22
Mar 30.)
13 233
9 l V
10 |X03 h Dec
2 |1T0
Aug i 71)
7
•162
Nov 1brt
Oct
jau
Jau
Jan
Deo
(Jet
Jan
J ail
J an
BANKS AND TRUST GOilPANLKS —BROivBRS’ QUOTATIONS
Bnnk«
if i a
*Jn;on Etch*,
U S Exeha’e*
Wash. Il’lits'
West Side*
Yorkville'
..
M w k:!
-»!•;> 4 *J t> *2
ISO
115
J23
0UO
...
|
|
jj
,
First
lj Nassau
Nat Coy
Borough*’
li road wav*
Brooklyn*
t
..
..
Bid and
.
; c.o
: i 5
TO
aoX-. d
•/Sale at Stock
ji Xor! li SideY.
390
250
305
390
150
!
130
215
230
prices; no
sales on tliis ilay.
or at auction
i
this week
j
|
:
j
j
!
Trust Co’s
Kid
Fifth Ave Tr
F ult on
5 SO
Bankers’ Tr. 550
310
140
150
Guaranty Tr 405
Bowi’gGreen
Guardian
Tr
162
I
225
157
BroadwayTr.
Hudson
195
205
Carnegie’.
*100
Kmck'rb’k’r i Lot)
Tr’st 2025
fJoloui.il
Law T I A Ti 275
too
410
f’olumbia
240
200 ! Lincoln Tr... 1390
....1 Manhattan
170
Commercial. 205 115
i M> rcaunle i.
< ‘ommonw’ih
M e: ropolitar. 505
3 10
320
Empire
125
15 ) | Morton Trusi 700
Equitable Tr 132(1
Alii! uai
13 4"
120
Farm Lo A 1’r
[
..
.
Less than 1"0
o
Ask
j
[Central
"Terminal
ProspectPk*
Bid
CITY
..
jj Union*.'
Exchange
Trust Cos.
410
100
4<?0
105
J 35
5
15o
Ask
l^KOOKLY.N
r Mauufactrs’.
:j Mechanics*'
BROOKLYN
Kid
N. Y.
i I oino Bank*
190
..
ilanlcs
shares.
Ex stock dividend.
Ask
j Trust Co’s
Kid
Mut. Alliance 205
330
N Y LiteATr t lolO
515
New York Tr 725
235
j StandardTr’t 100
105
j TitloGu A Tr 1570
1400 iTr Co of Am. 790
U moil 'Trust 1325
280
300 4 1 U S M t g A Tr 470
100
| Umt States . 1275
050
Vran N’dcnTr 605
595
Washington 400
200
Windsor
130
i
555
1
]
j
A
sk
215
\
Trust Co’s
I
BROOKLYN
I
As
Brooklyn Tr 44 0
150
| Citizens’
160
160
270
315
^25
Flat bush
425
....
1 Franklin
bio
1350
490
Kid
;
..
..
Hamilton.... 330
350
Home
J eiikins
205
315
215
t Ex-nghu. b New stock,
c Kx-dmdend and ughLs.
s Trust Co. certiticates. 'j Banks marked with a paragraph
...
160
200
450
Kings Co
L 1 si LATr. 3 ) 5
Nassau
270
People’s
325
220
Wi Ilia ins b’lr.
175
330
280
350
230
(fl) arc State banka.
New York Stock Exchange—Bond Record. Friday. Weekly and Yearly
orcijFViMJ
tries.
fYidan
Jan 25
Wekx Evtmno Jav 25
.**.
>.
Rio
veriuiieiii
U
U
U
U
U
S 2s consult egi8tered.dl93t
3 28 consol eoupou....dl930
S 3s registered
AlliLE
S 3s coupon
/cl91tS 3s reg small bonds..tel9H
U S 3s con small bonds..AT918
U S 4s registered
hl907
U S 4s coupon
/il907
U S4s registered
1926
U S 4* coupon
1925
ITSlVnCYn 10-30 yr 2s.fcl5.3i
Phihxpi'tO inlands -Is.1914-34
Pub \vkJ a: d imp re • 4s 193.'
Pub wks and imp ieg...123*
Week's
Range
Range or
Last bale
Since
Lcvv
Ask
1043., 105*2
u> l
trice
January J
Ao
Hub-
Low
*
Y6
io3G
102 7a
10078 1007e
lG07h luO;fc
....
12*9
*2
1*29 *i
....
Foreign Government
t
8a
Ann Arbor 1st g 4s
/t 1995
Atoll TSc S Fe— Gen g 4s. 1995
Registered
1995
Conv g 4s
....1955
Warrants lor 50-yr conv 4s..
/tl995
Registered
hi 95)5
Stamped
It 1995
90*4
8-4 *2
Sale
>2 Sale
09*4
933b 94
a re
99 >«. 18 6
94 V 355
9 1 *4 19v
8 a *4 42G
'
103H,
5.9
99
It
1(
9334
93 Y
81
K)27b
jtr ices
0 n
the i
9G34
9G78
98 r*4
99*2
5• 1
94;fe
9 2 7r
85*4
5b
90*e
32*4
LOI'b 103
9G:*b 99
z
*v
N Y Sc Long Br gen g4s 1941
Gent Pacific
bee So Pacific G<
C'has tfe Sav bee Atl Coast Line
Ches tfe Ohio g Os ser A..hi 908 A-0
Gold Os
a1911
1st consol g 5s
1939
Registered
1939
G e u e ral gold 4 *28
1992
Registered
1992
*
......
Debentures 4s Series 11.1907
Series F
1908
Series G
1909
Series II
1910
Senes 1
1911
Series K
1913
East Okla Div 1st g 4s..1928
Atl Knox A X See L Sc X
Atlantic Coast 1st g 4s.hl952
Charles A Sav 1st g 7s.. 1930
8av F A W 1st gold Os.. 1934
1st gold 5»
1934
Ala Mid 1st gu gold 5s
1928
Bruns & W lstgug4s ..1938
LAN coll g 4s
ol952
Sii Sp Oca Sc G gu g 4s ..1918
Atlantic Sc Dauv bee Soutli By
Austin Sc N W 8’etfSou Pacific
.
.1
.
.
...
-
....
...»
'***
’
l3278 j'an’Ot
-
-----
-
....
..
....
BaitRegistered
A Ohio prior ig3 *38-1925
hi 925
103
105
115*4
1 lab
110
1044, Sale lot
lO-l'j. 104
lb2 4
1 12
t 9
,00*4
9i ^
5*7*2
107
113 '4
J'ne’OO
105
6
*g
75
PJun A M Div Istg31asl925
PLEds W Va Sysref 4sl941
Soutliw Div 1st g3 4a...1925
Registered
a 192 5
Monon Rlv 1st gu g 5s.. 1919
Cen Ohio R 1st c g 4 *28.. 1930
Pitts Clev ATol 1st g Os 1922
Pitts Sc West 1st g 4s...1917
Bat Creek Sc a bee Mich Cent
Beech Creek bee X Y C Sc II
Bellev Sc Car bee Illinois Cent
Bklyn Sc .'ilontauk bee Long 1
Bruns A West bee Atl Coast L
Buffalo X Y A Erie bee Erie
Buffalo R Sb P gen g 5s...1937
Ail Sc West 1st g 4s gu.. 195)8
Cl Sc Mali 1st gu g 5s.... 1945
Rocli & Pitts 1st g Os... 1921
Couaol let g os
1922
Buffalo Sc Southwest bee Ern
Buff Sc Susq 1st ref g 4s.dl9al J-J
Bur CKdc.N
bee C R I Sc P
J-J
'2d 5s
1913 rvi-s
Registered.....
1915 M-B
Carb Sc Shawn bee 111 Cent
Carolina Cent AeeSeab Air L
Carthage A Ad See X Y C Sc H
Ced R la E Sc X bee li C R Sc N
Ceil Branch U P 1st g4s...1948 J-D
Ceu Branch liy bee Mo Pac
CeutofUaRR 1st g 5s..plS)4o
Consol gohl 5s
1945
Registered
1945
1908
5s....pl945
2d pref income g os
pl945
3d pref income g 5s....pi945
Chatt Div pur iron g 4s. 1951
Mac A Nor Div 1st g 5s. 1940
Mid Ga A Atl Div 5s
1947
Mobile L>iv 1st g 5s
1940
.
.
..
80
Sale
92 *4 Sale
lou
-
....
....
....
....
..
......
......
10O
lui
10 L *-j
102 4
93
May'Ob
*
04
ib*6*78 ib’i*4
no'41*17*4
120
1
1007b 108
lljH.O lt’6:,4
*9*6*4 *9*i**
i*i*i*41*12*4
...
.1
Tib** 1 *1*6*4
110
oct.’ij;
100
Aug’I <4
182 >2 Apr '00
111
No\’U0
101
1084
101 ‘4
100Apr’05
1044 Sale
101*4
104
104
112
105
1 1 a
1 Ott 'v
104 *2
109
122
i O2
121
*2
9J*g
126
117b Ul7d
1 04 *2 104*2
...
112*2 Jau ’07
108
Apr’Ov
IIU'4
ll.i^
1J0 J’nc’OL,
137 *2 J’ly ’99
■salt
i-4 i *0*1*4’
108 7d
Jan’07
lll7.j Jan ’07
12 24.
92*4
102*2 103
109
108 *7
Oct ’OO
120
104
100 *2
91 *2
10
lUa-2 Sep 00
105
100 G; 104 *2 Jun ’07
TOT bil 100*2
D 0;t4
10 i 41 10 4 3. Oct ’00
5)0;,a
1)3
.Jau’o?
1 lo
11 5*4 Oct ’05
l
11 it") 4
i*01*34 i*02**4
1007b Jan ’07
1314
13 2
Oct’t 0
110^4 1174 117 *2 Jan ’o7
113*g Feb’ot
ivi"
1,15
J’ly’ot
ill's
no
99*2 100*4
loo7a
125
100
i"u4* 105**4
Jan’07
1u«78
93
ioo’*2
U
115
0-G
193
I US’s sale
120 ‘4
10
1 O b
1017a
110*4 Jan '09
100^ Dec’OO
1014
LOi-V
101 *4 Dec’Oi
100
J 'ly’00
104
lit2
101
104*4
Jan’i'7
104
104
104
Oct’Ot
Dec 00
Fcb’OO
X'ov’UO
Jan’07
102
102
J’ly’00
9734 Jan ’07
...
97*-
1U0 *2
'
LOO*4 Xov’uO
j J’ne’00
1
;
Jau ’07
100*4 101*2
Sep 'Ot,
1 l3*g Sale
114
101 *g
,
Jau ’o,
Jun 04
*16*7" i*07*‘
113*2
1*13*4 1*14*’
Feb’ut
......
10i;*4
104*4
'97*34 * 9*8*
90
Xov’OO
111
Oct’00
1 14 *2 Feb’oo
90*2
105 ‘4 Dec ’•).
102
101*8 Sep ’ot
102*4
:
122 4
110*4
12o38
124*4
10 2 *-j Dec ’00
122*2 Dec ’0t>
110-,. Oct ’00
142*2 Feb’02
128*2 Feb ’00
101
100
10 L
Oct ’00
1109
Sep ’03
nos
110*4
u4*4
1 10 *2
1U0 *2 Sale
100
10 )34
5) 1 *4
91 *2 Sale
94
93 *o
91
90*2
90
89 4
11 0 *2 116*2
ll8'-b Nov’Oc
’9934 io’64
100*2
Sep ’oO
5*1'*4
J’ly ’04
**9*1*4 "y*i4
92*o X'ov’OO
90 *4 Jan’07
93
May’OI
*9*6*4 *9*64
97
70*4
Sale
89*2 Alay’OO
1)0
51 ay’1*4
7534
70*2
Sale
79
89
Dec '05
90
117
Jan ’07
....
■
19
Sep ’Ot
...
....
125
12 * '2 124*2
t 10 *2 1 l
U34
Dec’O'
Nov’in
9 l
5)0
'e Sate
......
hl94S
hi 943
j Low Hiyti
...||100*2 103
Feb ’O'
Jan ’07
Dec’UO
I eb ’05
5)94 Feb’00
79
89
'i 5
7 a •»
80 *a May'05
100 >2 Jan ’07
Too‘4
....
....
Ao
103*4
10a:,4
7
1950
;
Low
115
Railway 1st lieu 3 4s...1950
Registered
since
January 1
1 oh
Jan’07
r.G
120'.
12 4 8i 125 K 124 E Jan ’O',
110^ 113 V 110-4
1104
1 02 Si
loo
1 loo c, Jan V'
100
Goo Jun’O',
Am bock ik Imp gu 5s.. 1921
Le Sc Hud R gen gug5s 1920
Leh Sc Wilks B Coal 5s.. 1912
Con ext guar 4kss....(/19U'
Clue Burl tfe Q— Deitv D4s 1922
Illmois Div3*2S
..1945
111
Mar’02
Registered.
15)49
115
117*2 j’ne’Ot
Gold 4s
1949
105 C Dec ’04
Iowa Div sink fund 5s..1919
101
lol
J’ly’ot.
Sin kin g f uud 4:8
1915'
120
122
J’ne’00
Xebraska Extension 4s.1927
120
Mar’ut
Registered
.'...15*27
97 *2 9034 Aug’OG
Southwestern Div 4s
15*21
95 *2 Dec ’04
Joint bonds bee Great Xorth
95 fe
Do'*4 Jan ’07
i)5:,j 9 5**4
Debenture 5s
15)13
22
20
20
20
20
20
Han Sc St Jos consol Os.. 1911
Clncifc E 111 ref A imp g 4s 15)55
1st s f cur Os
1907
1st consol g Os
1934
General consol 1st 5s....15)37
Registered
15)37
Clue tfe ludC Ry 1st 5s.1931
Chicago <fe Erie bee Erie
oo^an
5:0*2
90 *b 90 34 Glue In tfe Lotiisv ref
90-v
Os... 1947
102
Sale
101 70
102*2 1, 101
102*2
Refunding gold 5s
15)47
100**8
LOi
DH
[
10 L
I0i34
Louisv X A <fe Gh 1st Os. 1911'
104*4 Sale 101
105;*4 1155) 104
108*4 Clue .Mil tfe St P term g5s 1914
c
L0434 Oct ’Ot
General g 4s series A..ei;t85»
92 1
•
92*2
92 K
*92
9*2 7f
Registered
e 15*85
5»a
Sep ’05
General g 3 g.h series B.-«19S9
92 '2
92 *2
92°b
92
92 >
Chic tfe L Su Divr g 5s....11)21
101
OO'^a Mav’Oa
Chic <fe Mo liiv’Div 5s...15)20
9934
5)9*4 Get '().
Chic tfe Pac Div Os
1910
100 *2 Jan ’00
Chic A P W lstg5s
1921
97
Dec ’00
Dak A Gt So g 5s
1910
90
98*2 N->v’0;
Far A Sou assn g Os
15)24
94
94
Nov Ot
Hast A D Div lst7s
15*10
!
9o34 Aug’Ot
lstus
1910
l A D Exten 1st 7s
.1908
98 *s Sale
97 *2
9a *j 51
97*4 9S24
LaCrosse A D 1st 5s
15)19
Mineral Point Div5s
1910
129*8......
So Alinn DiV 1st Os
15)10
1 125b Jan ’04
114*8
Southwest Div 1st 6s....1905*
11 4gh Xov'05
11034
Wis A Minn Div gas
1921
93
99*2 Mar’UO
Mil A Xo 1st M L Os....15)10
89*2 89
89*2 27
89
89*2
1st consol Os
191:
943b
9034 Dec’Oo
Chic A Xorthw cons 7s.... 1915
Extension 4s
1880-1920
Registered
1880-1920
92a4 Sale
7
92*8
92 34
92
93
General gold 3*23
1987
95
J’ne’OG
Registered
«19S7
102
Sale
102
oi 101*4 102*4
101J4
Sinking fund Gs... 1879-1929
101
100
10; 3b
4 100
101*2
Registered
1879-1929
+
92
90
Jan ’07
89*2 90
Sinking fund 5s...1879-1929
95
95*2
95 *g
1
9a
95 *2
Registered
1879-1929
9o *>, sale
90
90*4 33
89*2 90*2
Debenture 5s
'.1909
*
89
Oct ’OH
8738.
Registered
1909
105 *2
108*2 J’ly ’05
Debenture 5s
1921
100*4
109
Apr’05
Registered
1921
no119*2 Mai’04
Sinking fund debus
1933
90
Oct ’00
Registered
1933
Des .Mo A .Minn 1st 7s.. 15)07
XTorth Illinois 1st as....1910
Ott O F A St Paul 1st as 1909
Winona A St Pet 2d 7s.. 1907
Mil L S A West 1st g Os 1921
Ext A Imp sfuud g 5s 1929
118*8
118*8 Nov’OG
Ashland Div 1st g Os..1925
102 *b
1G2
Jau’07
102
1*0*2
Mich Div lstg Os
1924
110
103
Apr’97
Convertible deb 5s....15)07
122
123
124
Apr.’00
Incomes
1911
125 7b Nov’OG
121*4
Chic Rock isl A Pac Os...15*17
Registered
1917
95*2 90*2 95
6
90*4
General gold 4s
94°a 90*4
1988
Registered
1988
100*2 Sale 100
KT0*2 73 100 100*2
Refunding
g 4s
15*34
105 *2 Sale
105 *3
2 104*2 105 fe
105*2
Coll trust SeriesH 4s
15)lo
1C3
104*4
Nov’OO
J 4s
1912
M ss
1915
X 4s
1910
O 4s
1917
P 4s...
1918
91*2
95
Nov’OG
Chic R I A Pac RR 4s..2002
;
\
Registered
2002
119
118*4 Dec’06
Coll trust gold 5s
1913
11034 Sale 110
110*4 13 109 *2111
Bur Ced li A Xo 1st as. 1900
113
Apr’OG
Coil 1st A col trg 5s...1934
90
Sale
90
90
5
90
1)6
Registered
1934
9
70
73*2
75>
73*2 7578
CR1F A X W 1st gu os.1921
00
G3 *2
5
03 *2
51 A St L 1st gu g 7s.. 1927
63*2 05
93
90*4
J’neOG
Choc Ok A G geu g as .a 1919
107*2
115*2 Dec’05
Consol gold 5s
1952
107*2
115
X'ov’05
Keok A Des M lst5s
1923
109 *2
115 *2 Aug’05
Chic -1
A X O ' bee 111 Cent
Range
bate
12 5 *2
Jentot X J gen’l gold 5s. 1987
Registered
hi 987
R Sc A Div 1st con g 4s.. 1989
2d consol g ls
1989
Warm Spr Val 1st gas..1941
Greenbrier Ry lstgug is ’40
Glue tfe Alt RR ref g 3s...1949
94
0/ ^5 to JL
Last
107
5s 1937
Craig Valley lstg 5s.... 1940
93*2
(l-UA
......
Albany A Suso bee DeiA Hut.
Alieglieuy Valley bee Penn Kb
Alleg A West bee Bull K A 1
income g
5)3
5)3
j
5 9 *2 Sale
04
Sale
91
Sale
0834 1'4
Week’s
h aiitje or
v
Ja v. 25
....
Railroad
lstpref
t
f
hese
Alabama
Cent
beeCoast
So ByLint
laba .VI tdl
bee At
tianada, South 1st 5s
98*8
i
Alabama curr fund 4s
192(
Dist of Columbia 3*05s
1924
Louisiana new consol 4s..1914
North Carolina consol 4s. 1910
(is
1919
So Carolina 4 ha* 20-40
1933
Tenu new settlement 3s..1913
Small
Virginia fund debt 2-3S...1991
Gsdelerred Brown Bros ctfs.
Registered
99*4 Sai6
jl-o 3
State Securities
Gold 4s
t
/'*>■('» a
Hi a
Jen RR A B of Ga col
*4
2d scries Os
1911
S, loin 4*g.s ctfs full pd.1925
2d series 4 *-2s ctfs lull paid.
S, loan 4s ctfs full paid.. 1931
Repub of Cuba 5s exten debt..
1/ S of Mexico s l g 5s ot 1899
Gold 4s of 1904
1954
N. Y. STOC K EXOHA XG E
WltKK EVDINU Jav 25
iiig/i
Xov’Ot
10 »Ji i 05 *2 105 *4 Dec ’• C
102
I02*g 103*2 Aug’UO
103
1U234 103*4 103
107
J’ne’07
1*0*2 !!*.*.! 101 *2 Oct ’0
101 9*4 101 *4 10070 Jan ’07
lt:0»4 101*4 100 7c Jan ’07
12s:,4 129 S 1307$ N-.’ ’Of
125)34 130*2 129 81 Jan ’(>7
10334 10134 105 *t Oct ’Of
111
109*2
May’OG
Japanese Govt Os sterl’g. 1911
Adjustment g 4s
»*a<-k-»
<■
ISON DM
X. Y. STOCK EXCHANGE
L.
four
903b
I02!e Afay’uo
120*2 Mar’03
102
......
111
X'ov’05
109
111
Xov’OO
107'-a 109
May’00
110*2 1053^ Xov’OO
.
JIlSCEIiliANEOIjS
Street
Railway
Brooklyn Rap Tr g5s
1st refund
conv g
1945 A-0
4s....2002 J-J
BkUity 1st
Bk (4 Co A
con 5s.1910.1941 J-J
S cou gu g 53.15)41 M-N
Bklyn U 11 El lstg 4-as.l9a0
Staiui)t.xl guar 4-5s
15*50
Kings Gu EL 1st
4s
F-A
F-A
F-A
F-A
J * J
J i
J * J
A-0
J J
F A
A-0
J-J
194*9
Stamped guar 4s
15)45'
Nassau Elec gu g 4s
15*51
Conn liy a List A re f«; 4 u,s ’.»J
Stamped guar 4 *as
1951
Den Con Tr Co 1st g 5s...1933
Det United lsr con g 4 *gs. 1937
Havana Elec consol g 5s. 1952
Inter-.Met coll 4 *gs
19,*.6
Internal True coll tr 4s..1949
Louis Ry Co 1st cou s 5s.. 15*30 J J
Manila Elec ' st A coll as. 1953 M- S
g
•
.
*
t
1
100
lit)
8 *2 5* 1
84
Sale
103
lol *2
a
Fob’OG
90*2 Dee’i:G
8 *2
84
f"
S s
84
11*0*0 *2 1*08
...
....
*)
88*2
88 *2
5
81
85
103 '1 Nov’< 0
D'4
Dee’00
5* a
J'ne’OO
5*3*4 Oct 'OG
(•1
92
11
SO *2
M3, 823
....
5X)
89
93
Sale
8 L *4 Side
75*34 Sep ’Ot'.
inlay; latest price this week.
96
109
.Mur’Dtt
98
May’06
aLaeJau
....
....
....
d Duo Apr
on
Street
105
Jan ’07
105
105
HO3! Sale
89
90s 237 I 89
933b
10i:34 109
5
10234
10234
I1023* 10234
101 *2 100
Oct ’OG
10 6 *2
107*2
108
7
"
rNo price
HO.nO>—Continued
......
.....
......
......
91
93
80*4
82
......
..J.
.
.
.
......
......
.Next
Page.
Railway
Met St Ry gen col tr g
as. 1997
Ref g 4s
2002
B way A 7th A v 1 st c g a3 1943
A
Col
9th Av 1 st gu g 5s. 1993
Lex A v A P F 1 st gu gas 195)3
Third Ave R R con gu 4s 2000
Third Ave Ry 1st gas.. 1937
Met W S El K hie) 1st g4s. 1938
Mil El Ry A L 30-yr gas. 1920
Minn St Ry 1st con ir as.. 1919
X Orl Ry A Lt cen 4*«s ..1935
St Jo Ry Lt H A P 1 st g 5s ’37
Paul v. liv Gab con g as 15)37
Underground of L011 5e.. 1908
Union El (Chic) 1st g as.. 15)45
United RRs Situ Frsf 4s.15)27
United Rym st L 1st g 4s. 15)34
1 >V uliic St 40-yr con u as.1930
el)uo „iuy
-
>t
^DueJ’ne
h Due J’ly
F A
A O
J D
M S
M s
J J
J J
F A
F A
J J
J J
51 N
J J
J D
A O
A O
.1 J
.M N
fc Due Ang
108
8
5
110*2
109
Sale
Sale
115
113
113 *2 114
89
Saie
’
85
110*2
110*2
113 *s Jan ’07
4
113 Y Dec ’t;G
S 3 *2
89
19
10834 Jan ’07
84
j
114*2 114*4 Jan ’()?
93 *2.1 'ly ’Oe
89
90
107
92
Sale
85
oDue Oct
lOS3!
85
110*2 113
113*8113^
**88*4 **89**
II234 114*4
109
J’ly’Ot'
107 *2 Feb’OO
5)0 *3 Sep ’OO
lt>9 *4 Oct ’Ot
i 1 0*2 Xov’OG
5)2
93
ioO
Jan ’07
82*2
......
108
84
82*2
86 *2 Xov’OG
95)
Dec’97
p
Due Nov
92*4
OO
19,
...
« i
82*4
‘94
100
83*4
New York Bond
1907.]
liil.N
mof
feeze’s
Friday
Jan 25
Range or
—
N. T. STOCK EXCHANGE
Wotck Ending Jan 25
Ohio St L A Pitts bee Penn Co
Chic St P M * O con 6s...1930
Cons 6s reduced to 3H»s.l93o
Oh St P A Minn lstg 6s 1918
Nor Wisoonsin 1st 6s...1930
St P A S City 1st g 6s...1919
Chicago Ter Trans p 4s...1947
Coupon oil
Chic A West Ind
£ J>
Hit i
J. J
WWVal Div 1stg4s...1940
C I St D A C consol 6s..1920
1st gold 4s
...,fcl936
Registered
k 1936
A Cl oon lstg 5s..1928
1914
O C C A I consol 7s
Cm S
Consol sink fund7s....l914
General consol gold 6s. 1934
1934
Ind B1 A W 1st pref 4s. 1940
O Ind A W 1st pi 5s...<fl93§
Registered
Peo A East 1st con 4s...1940
Incoine4s
1990
Cl Lor A Wh con 1st g 5s.1933
Olev A Marietta bee Penn RK
Clev A Mahon Val g 6s...1938
Olev A Pitts bee Penn Co
94
J-J
Conn A Pas Rive 1st g 48.1943
1 \ak A Gt So See CM A St P
J /alias A Waco See M K A '1
Del Hack A Western 7s...1907
Morris* Essex Ist7s...l914
IstconBol guar 7s
1915
4s....1923
D
1937
5s. 1941
Elm Cort A No bee Leh A N Y
Erie 1st ext gold 4s
1947
2d ext goluSs
1919
8d ext gold 4 *2S
1923
4th ext gold 5s
1920
5th ext gold 4s...
1928
1st consol gold 7s
1920
1st consol g fund 7s
1920
Erie 1st con g 4s prior.. 1990
Registered
1996
**
97
1()4 *2
100
Georgia A Ala
See sea
Ga Car A Nor
See Sea
91
Mar’06
,
104*2
Nov’oi
94 *2 Sale
70 =b 72
94*2
94 S
113^ Sale
113=8
112
116*2 Jan ’0-.
71*4
71
H3*k
101V
27 101
".•*«
Range
-1
\
©
Since
■January 1
< s
Rut
High
Lou<
Ask Low
High No
117
Dec ’06
114*4
105*2 108 *2 106*2 Dec’06
168
114
A pr ’05
106*4 Feb’06
101*2
J • J
A-0
A-0
A-O
....
.
.
------
....
111
lit)
87
90
Mar’98
110
Dec ’06
103
103
Jan’07
105
110
A-0
•J
109*2 111
103
103
....
.
.
99=8
99=8
98
98
97
97
VI-N
See N Y Cent
Grand Rap A Ind A’cePeni
Gray’s Pt Term See St L S W
Gt Nor—C B A Q coll tr 4s 1921 J-J
Registered.A
.1921 Q-J
Greenbrier Ry See Clies A O
Gulf AS I lst 'ref <fc t g 5s 61952 J-J
95*4 Sale
104 =8 Sale
J-J
118*2 118*2
131*8 131*2
95
5jj 94
271
70*8
7‘>3,
t ~ J4
lj,i!2=4 113=8
72*2
92*4
74*4
94*8
107*2
108
100*2
121
12 L *4
...
...
98
*
121*4 126*2 121=4 Sep *06
lilS. 111=8
in3*
101
102=* Aug’06
10
1 1 1=8 1 11=8
102=8 Aug’Of
Feb’03
Feb’06
133
149
Aug’01
105
106*2 476 105
109
106
2u 106
133 *2 Dec ’06
102
12678
105 *2 Sale
■106
110
133=«
96*2
104
94
97*2
96*2
96*2
102*8 Jan ’07
105 *2 104=4 Jan ’07
94
94
83
88
Dec'06
97
Jan’02
109*4
110
90 *a
97=4
102*8 102*8
104=4 104=4
93=8 94
J-D
J-J
89=4
105
F-A
F-A
J-J
70
1951 J J
1951 J-j
89
g
1951
3*28...1951
4s..1951
Bellev A Car 1st 6s
1923
Carb A Shaw 1st g 4s... 1932
Chic StLANOg 5s...1951
Registered
1951
Gold 3*28
1951
....1951
Registered
Meinph Div 1 st g 4s...1951
St L Sou 1st gu g 4s....1931
I nd B1A West See C C C A St 1,
Ind Dec A W 1st g os
1935
1st guar gold 5s
1935
Ind Ill A la 1st g 48
1950
lut A Great Nor 1st g 6s..1919
J-J
87=4
F-A
102\,
117*4
J-D
M- 8
i"l9
J-D
J-D
J-D
J -D
J-D
M-S
J-J
J-J
J-J
M-N
M-S
J-D
J-I)
95
92
M-S
A-O
A-O
111
92
Oct ’06
Jan'07
86
Oct ’06
111*2 110*2 Dec *06
112*2 Feb’06
112
115
112
Jan’07
115*8 115*6 114 *2 Nov’06
M-N
M-S
M-S
A-O
J-l)
M-S
M-S
J-J
100=8
J-J
F-A
FA
M-N
107*2 Jan ’06
109*2 Dec’06
108*2 Aug’06
109*2.
105=4
110
99
129
,
103
,
Feb’06
133
99 *2
97*2
99*2 Oct ’06
97 7e Sale
86*=s Sale
87*..
91*2
99, Salt
119
99*2
118 *4 Sale
86=8
90
91 *2
87
Oct ’06
91*2
99*4
98*4
123
107*2.
105 *2
111=,
,
114=8
104*2
108
113*2
129*2 129*2
97
98*2
86=8
88*
Ml
91*2
99=8 103=4
Nov’05
104=8 Feb’06
127
118*4
118*4
101 *2 Nov’06
129
J’ly’04
118
Sep ’06
lo97t Oct ’05
121*2 Dec’06
115*4 Doc’06
100*4 Dec’06
Jan ’07
103
118
Oct ’06
io*4*; Oct ’06
110
Oct ’06
116
Apr’06
101*4
103
Fel)’06
129*2 Jan ’07
13 117=8 118*4
103
103
-
....
89=4
91
78=4
*7S34
115
72
Sale
71=4
63
115*2
99*2
99=8
13
77
79
it*
70*2
73
.
72
Oct ’00
108**
112*2112*2
107 7s 10778
....
Jan’06
107*2 Jan ’07
107=4
Registered
1940 j j
Lehigh Val (Pa) cons g 4s.2003 M-N
Leli V Ter Ry 1st gu g 58.1941 A-b
Registered
1941 A-O
Leh V Coal Co 1st gu g os. 1933 J-J
Leh A N V 1st guar g4s..1945 M-S
107*2 107*2
112 *y Niov’05
Oct ’06
95
-
11G
117
Oct’06
105* *2 Oct ’99
112 =8 Apr’06
96=4 Jan ’07
95=4
vf-S
A-0
A-n
1919 J-D
105
Nov’U6
North Ohio 1st gu g 6s.. 1945 A-O
L Slio A Mich S bee N Y Cent.
Leh Val N Y 1st gu g 4 *28.1940 j-j
E H A Nash 1st g 6s
105
-'V
117
I^eroy A Caney Val 6'ee Mo P
Long Dock bee Erie
Long Isl’d—1st con g 5s.h 1931 0. j
1st consol gold 4s
/il931 G-J
General gold 4s
1933 J-D
Ferry gold 4 *28
1922 M-S
Gold 4s
1932 J-D
Uullied gold 4s
1949 M-S
Debenture gold 5s
1934 J-D
Guar ref gold 4s
1949 M-S
Bklyn A Mont lstg 6s.. 1911 M-S
1911 M-S
1st 5s
N Y B A M B 1st coil g 6s 1935 A-O
N Y' A R B 1st g 5s
1927 M-S
NorShB 1st con ggu5sol932 Q-J
Louisiana A Ark 1st g 5s. 1927 M-S
Louisv A Nashv gen g 6s.1930 J-D
Gold 5s
1937 M-N
Unified gold 4s
1940 J-J
102
10 115
.
79
Jan’07
112*2 Jan’07
107=8 Jan ’07
El C A N 1st pt 6s
Gold guar 5s
1914
Leh A Hud R bee Cent of N J
A
Wilkesb
Cent
of
N J
Leh
bee
1U2
Oct ’06
Jan ’07
107 7e
1945
1914
....
Jan’07
Dec 02
113*2
Registered
.-'..1940 J-J
Coll trust gold 5s
1931 M-N
5-20-yr col tr deed g 4s. 1923 A-0
ISSUEliliANKOt’S
L02=4 102=4
...
101 *2 Aug’06
Nov’04
J-J
J-J
Registered
110*2 Oct ’06
101 *2 103*2
103
105
107 *2
99
100
115
115
99 *2 99*2
79
79
110
110
85
85=6
*
Keok A Des Mo bee C R IAP
Knoxville A Ohio bee So Ry
j
110=8112
1
....
122*2 121 *4 Dec’06
119=4 Mar’04
93=8 May’04
106
2d gold 5s
1909
3d gold 4s
1921 M-S
Iowa Central 1st gold 5s.. 1938 J-D
Gold 4s
1951 M-S
Jetterson RR See Erie
1/ al A A G R See L S A M S
IVan A M ich See Tol A O C
K C Ft S A M
Sec St L A S F
KCAMRAB See St L A S F
Kan C A Pacific
bee M K A T
Erie 5s
A W lstg 5s..1937
Iake
2d gold
1941
100
M-N
M-N
A-0
AO
M-N
J-J
M-N
92
92
93*2 J’ne’06
101 *« Oct ’99
100
Nov’OO
102
Jan’07
122
Dec’05
iuo
City Sou 1st gold 3s.. 1950 A-O
Registered
1950 A-O
Kentucky Cent bee LAN
Sep’04
_
-
Kan
110
92
104*9
....
109 *2 Sep ’06
104*4 Aug’oo
100
J’ue’06
Cairo Bridge gold 4s....1950
IiOutsvDivATerm g3 *23.1953
Middle Div reg 58
1921
Omaha Div 1st g 3s
1951
St Louis DivAterm g3s.l951
1951
1952 A-0 »ioi
Registered
1952 a-6
ioi *a salt
L N 0 A Tex gold 4s ...1953 M-N
Registered
1953 M-N
gold 38 sterling
96*2
’ Dec ’06
102=4 Jan ’u7
89=* Jan ’07
123
May’99
78*2 Apr’06
78=4 Jan ’07
M-S
Western Lines 1st g
1047e Apr’06
119 *4 Nov’06
122
Sep ’06
127
J’ne’05
M-N
F-A
100
Coll Trust gold 4s
Registered
Spring Div 1st
193=8...
Nov’uO
95*2 J’ly'06
99 *•> J’ne’06
70 "Oct ’04
103
Dec’06
102
Oct *01
101*2
1.01 *•
100
May’06
1st
9878
98=4 Nov’OO
98*4
99*2
-
2G 104
104*2
104*8
103
Col A H V 1st ext g 4s..1943 A-O
Col A Tol 1st ex 4s
1955 F-A
Houst E A W Tex
See So Pac
Houst A Tex Cen See So Pac Co
j j
Registered
1951 j-j
1st gold 3*28
1951 j-j
Registered
1951 j j
Extended lstg 3 *28
1951 A-0
Illinois Central 1st g 4s.. 1951
j
103*4 103*4 Dec ’06
1999 J-J
Registered
196 | 95*8
95*8
96
96*2 Jan ’07
96*4
....
Han
A St JoSeeSeeN CY BN AH QA H
ousatonio
74*4
93=4
72*2
93*2
M
No prloe Friday;
al Har ASA
See So
al H A H of 1882 1 st 5
Registered
Gold 3*28
J-l)
Wilk A Ea 1st gu g 58.1942 J-I)
EvA Ind 1st con gugOs.,1926 J-J
*
Wee/c's
Range or
Last bale
-
M-S
M-N
Regis §5,000 each...1943 M-N
Mid RRot N J lstg Os.1910 A-0
(i<as and Electric Eight
Atlanta G L Co 1st g 5s...1947
Bklyn U Gas 1st cou g 5s. 1945
Butlalo Gas 1st g 5s
1947
Consol Gas conv deb 6s.... 1909
Consum Gas bee P G A C Co
Detroit City' Gas g 5s
1923
Det Gas Co con 1st g 6s... 1918
Ed Ei Ill Bkn bee K Co E L A P
Ed E 111 bee N Y G A E L H A P
Eq G LN Y 1st con g 5s..1932
GasA Elec Berg Co c tr 5s.l949
Gen Electric deb u 3 *28.. 1942
GrRap GLCo 1st e 6s...1915
Hudson CO Gas 1st g 5s.. 1949
Kan City (Mo) Gas 1 st g 5s 1922
Kings Co Ei L A P g 5s... i 937
Purchase money 6s......z997
Ed El 11 Bkn 1st con sr4s 1939
trice
Hrutav
Jan 25
"
Aug’06
A-0
lien g 4s.. 1996
Penn coll tr g 4s
1951
60-year conv 4s A
1953
Butt N YA Erie 1st 7s..1916
Butt A S W gold 6s
1908
Chic A Erie 1st gold 5s..1982
Jett RR 1st gu g 6s....al909
Long Dock consol g 6s.. 1935
Coal A RR 1st cur gu 6s. 1922
Dock A Imp 1st cur 6s.. 1913
N £ A Green L gu g 5s.1946
N Y Sus A W 1st ret 5s.1937
2d gold 4 *28
1937
General gold 5s
1940
Terminal 1st gold 5s...1943
[
FlaCAPemn S<
Fort St U D Co 1st g 4*28.1941 J-J
Ft W A Den C 1st g 6s....1921 J-D
.T J
Ft VV A Rio Qr 1st g 4s.
t
'
' ^
131*8 Jan’07
04
74*4 Sale
93*2 9334
1996
Registered
1st consol gen
CN
lint A Pere M
99 *2
112*2 112 *v
9 )
Oct ’00
131*4
*
Apr
1j=ast
of Minn
P MSoARy
M
Jast Ten
Va A bee
Ga Stbee
g
119*2 1 l9*v
113
107
98=4
108*2
117*2
98
J
N
F
F
J
D
D
J
J
0
J
O
2d 6s
1916 J-J
Dnl Short Line bee Nor I’ac
Dul So Shore A Atl g 6s.. 1937 J-J
Elgin Jol A East 1st
Mar’04
Jan ’07
Nov’06
101
100
■
N
S
Syr Bing ANY 1st 7s..1906
Warren 1st ret gu g 3 *28.2000
Del A Hud 1st Pa Dlv 76.1917
Registered
1917
10-yrconv deb 4s
1916 J-D
Alb A Sus conv 3 *23
1946 A-0
Kens A Saratoga 1st 7h. 1921 M-N
Del Riv RR Bridge See Pa KR
Denv A K Gr 1st con g 48.1936 J-J
Consol gold
1936 J-J
Improvement gold 5s...1928 J-I)
Rio Gr West 1st g 4s.... 1939 J-J
Mgeand col trust 4sA.1949 A-O
Utah Cent 1st gu g 4s al917 A-0
Registered
Erie A Pitts
See Peuu oo
Evans A I H 1st cons 68.1921
Oct ’06
102
99=8 Jan ’» 7
Jan
’07
93
100*4 Dec’06
Jan ’07
97
99=4 KeU ’05
98
Sep ’06
Jan ’04
105
99 *2 Dec’06
101
May’06
113*4 J’ne’Oo
118 8
118*2
101 *2 Sale
J
J
N
AO
F-A
MS
MS
Rio Gr So gu bee Rio Gr So
Des M ol A Ft D bee M A St L
Des M A Minn See Ch A N W
DesMoi Un Ry 1st g 5s..1917
Det A Mack 1st lien g 4s.1995
Gold 4s
1995
Detroit Southern—
Ohio Sou Div 1st g 4s...1941
Uni A Iron Range lstos.. 1937
Hxah
Ixnr
^ V.
Gouv A Oswegat
Registered
1915 J-I)
1st ref gu g 3*28
20UU J-D
N Y Lack AW 1st 6s...1921 JJ
Construction 5s
1923 F-A
Term A improve
January j
UO.V I)'
N. Y. STOCK EXCHANGE
WffKK Ending Jan 25
Dec ’03
Jan’07
112 *2 Jan ’07
98=4 Dec’06
104W,
Range
Since
129=4 12 9 7fe
99
98
Col Midland 1st g 4s
1947
Colorado A Sou 1st g 4s. ..1929
Coium A Greenv bee So Ry
Col A Hock Val See Hock Vai
SolATol
ol Conn A See
Term
N A W
HockSeeVal
93
133=4
129=4
119*2
99*4
’
M-N
M-N
b'o
129=4 Jan ’07
99*4
112*4
J-J
a
$ K
High
At A Low
91
129 7g
126
120
M-N
J-J
A-O
J-J
eeng6s9l932 y-M
Consol 60 year 4s
1952
Chic & W Alien bee Pere Martj
Choc O & Gulf bee CRUP
Cln H & D 2d gold 4 *28... 1937
Oin DAI 1st gu g 6s. ..1941
C Find A Ft W lstpu 4sg.’23
Cin I A W 1st pu p 48.1953
C I 8t L A O bee O C C A St L
Oin SAC See C CCStL
Clear field A Mali See B R A P
Clev Cin C A St L pen ir 4s 1993
Cairo Dlv 1st gold 4s....1939
Cin W A M Div 1st g 48.1991
8t L Div 1st col tr g 4s..1990
Registered
1990
Spr A Col Div 1st g 4s..1940
Last Sale
130
J-D
J-D
-
? '-a
©
©
207
Record—Continued—Page 2
.
Jan. 26
107
101
11378 Jan ’06
105*4 Jan ’06
114 *2
*99 *2
99
Sale
114*4 Dec’06
98=4
102
94
♦
94
.
...
107*2
99 *2 Sale
...
2
99
96*4
98\
99
98
99 *2
Nov’05
99*4 Oct ’06
Jan’07
95
110
99
96=4
...
J’ue’04
7
99*v
103 *2 ^
102*2 Jan ’07
110*4 Nov’06
109*4 Jan’07
102*2
no
108*2
109-4 111 *4 109
103*2 105
115*2
116*8
101
Sale
102*2 102 4
...
Nov’06
J’ne’06
115
109*4 109*4
115
116 *s Nov’06
5 115
100=8
101
101*8 J’ly’06
25 100
107=4 109
97 *2 Sale
110=4
111*4 J’iie’06
97*2
97=8
110
Dec’06
104=4
105
105 V
102*2
102*2!
91 *2 Jan ’07
4
116*4
101
97
....1
97=8
.
......
BONDS—Continued on ->ext Page.
(Inn and Electric Eight
J-I)
M-N
A-O
J-J
102H,
106*2 107
66
Sale
135
138
J-J
99
F-A
100*2
F-A
M-N
A-O
A-O
A-O
J-J
106*4
66
135
66
135*2
106*s 106 *e
63*4 66
12 135
138
88
1 00
103
107=4 Dec’00
103 *2 Nov’06
98
Milwaukee Gas L 1st 4s..1927 M
NYGELHAPg 5s... 1948 J
Purchase money g 4s...1949 F
Ed El 111 1st conv g 5s..1910 M
1st consol gold 5s
1995 J
NYAQEl LAP 1st con g 5sl930 F
NY & Rich Gas 1st g 5s. 1921 M
Pat A Pas G A E con g 5s. 1949 M
Peo Gas A C 1st con g 6s. 1943 A
Dec’O'J
101
101 *2 Nov ’06
112
Nov’03
61 *2 Oct ’01
Dec'06
88
89 *»
VI- S
J-D
F A
106**
LacGasLofStLl8tg6s.e!l919 Q
Ref and ext 1st g 5s
1934 A
Refunding gold 5s
1947 M
ChG-L A Cke lstgu gos 1937 J
Con G Coot Ch lstgug5s.’36 J
Mu Fuel Gas 1st gu gos.
Dec’06
Syracuse Lighting 1st g
116
117
Nov’06
93 *2 Mar’06
latest bidand asked tins week. » Due
.j
an
1st gos..l949|M
Westchester Lisrht’g g 5s.l950| J
Trenton G A El
93 *2
1947 M
6s.’51! J
b Due Feb d Due Apr eDue May h, Due
105
91=4
103 *2 Sale
’84*2 85
103*2
84*2
100=4
101
987f.
96
....
104*2 106 V
102 *2 102*2
91*2 91**
102*2 103**
83*2 847*
.
103*2
84 7J
Dec’00
.
98=i Dec’06!....
Nov’05!....
104=4 Nov’051...J
119
119 j
3|
102
Jan
1
Oct'06i....i
103*2 106*2 106
102 |
102
102
1
103 *2 Dec ’05!....!
105
98*2
110
103 *2
May’05}....
102
Jan
101 *2 103
11 9 *8 120
101
....
103
’071
’07j....
J’ly k Due Aug 0 Due Oct 2 Due Dec
119
102
119
102
102
102
....
1101 *2 102
jOctionSalA
New York Bond
tri.cc
K. Y. STOCK EXCHANGE
\N b-KK
JAN 25
S31
Bid
107
Pensacola Div gold 6s...1920
8t L Div 1st gold 6a
1921
2d sold 3a
1980
Atl Knox A Xor 1st p5sl94(
Hender Bdge 1st s l g 6s.1931
KentncKv Cent gold 4s..1987
LA X A M A M 1st p 4 4* 1945
LA S-South M Joint 4s. 1952
N Fla Ac s 1st gu g 5s...1937
Pena Ac All 1st gu g 6s..1921
S Ac X Ala con gu g 5s.. 1936
Sink fund gold 6a
1919
L<fc Jett Bdge Co gu g4s.. 1945
LNAds Ch See C I A L
120 4
,96 4 9S4 974
103 4107 b 108
914 92
112 4119
114
112
1114
1044
....
....
97
100
101
104
1014
85 4 Sale
244
19
Sale
"*874 Sale'
91
Jasper Branch 1st g6s.,1923
McM M W A A1 lat 6s..1917
T <fc P Branch 1st 6a....1917
Nash Flor A Shef See L A X
Nat of Mex prior lien 4 4s. 1920
1st codsoI 4a
1951
New H & D See X 1' N 11 A H
K J June RR See X Y Cent
Few A Cin Bdge See Penn Co
N OA N E prior lien g 6spl915 AO
F V Bkln A Man Bell See L 1
F V Cent& H Riv g 34s.1997
1997
Registered
Deben g 4s
.1934
Lake Shore coll g 3 4S---1998
Registered
1998
Mich Cent coll g3 4«
1998
Registered
1998
Beech Creek 1st gu g 4a. 1936
1936
Registered
2d gu gold 5a
1936
Beech Cr Ext latg 3 48 51951
Cart A Ad lat gu g 4s... 1981
Clearf Bit Coal 1 st a f 4s. 1940
Gouv& Oawe 1st gu g 5s 1942
Mob A Mai 1st gu g 4a.. 1991
X J June R gu 1st
4s...1986,X Y A Pu lstcon gu g4s 1993*A-Oi
84
25
17 4
26
19 4
18
18
874
103
Friday; latent bid
11
eo
274
R WA OT R 1st gu
g 5a.191 bM-N
Utica & Bile Rivgu g4.s.l92
J-J
Xr Y Chic A St L 1st
AO
g 4s. 193
Registered
193
A-0
X Y A Greenw Lake See J6r 1
NT Y A liar
See X Y C A Hui
X Y Lack A W See D L A W
N Y L E A W See Erie
X’ Y A I^ong Br See Cent of X J
ew York New Hav A II
Housatonic R con c 5s.. 1937 M-N
X H A Derby con cy 5a.191; VI- XT
V Y A North
See XT Y C A H
X Y O A W ret 1st g
4s..r/199‘ .M-S
Regis $5,000 only
y 199; M-S
N Y A Put See X V C A H
X Y A R B
See Long Island
X Y S A W See Erie
X Y Tex A M
See $0 Pac Co
>r A 8011th 1st
g 5s
194 M-N
Xorl A West gen g 6s
1931 M-N
Iniprovem’t A ext g6s..1934 F-A
A-O
XT A W Ry 1st con
g 4s. 1911' AO
Registered
] 99* \.Q
Div'l 1st l A gen ir4s... 1944 j
J I
J j
Pocah C A C joint 4s.. 1941 ; J D
j-j
M-N
Xorth Illinois See Chi A Xr \Y
North Ohio See L Erie A W
Xor Pac—Prior lien g 4s.. 1997
q J
Registered... **
1997 14- j
General lien gold 3s
«2047 g-F
21
118 4
94
i*0*5
IU4°0
89
99 4
1*06
.....
i 0*7
119
1194
104 4105
1044
89 4
89 4
94 4
964
1004
964
964
110 -Mar’05
10 i 4 Jan ’07
1*07** i””
St PAX P gen
{ 9i
51
2d 5s
•
.
1
.
...
j
....
li
....it
1
1
'113*4
1....
io0 4
10.1 4
1103
lol-e
Il007t
1*103 v
1174
114
1;
fl
Auc’OC
......
1U3
11,102 4 103 4
1
Oct ’OG
i*
124
Feb’06
;
.
....II
100 4 bale
!G0\
100 4
.
j
28
99 4100=8
i
1014 J’ne’O'ii
I-
1
'
~
104
i 2 9 3e
127
99
I
Sep’06
129 4 Jan 0,
130*4 Feb 06
127 4 Oct ’06
130
t'l 4 balo
103
J9 4
99
99 >.
100
Feb’OO
97 4 Dec '06
91 *\
914
109 4 Feb’05
99 4 Jan ’o7
101=0 Sale
101=0
bale
....
.
.....
101 4
122
115 4
112
j 08
110
F-A
191‘
94
99 4
1 13 4
NTor Ry Cal
See So Pac
Xor win See C St P M A O
Nor A Mont See X’ Y Cent
117
994
90 4
914
99
99 4
....
4
11014
1024
100'J4 102
LSO
102
1
73
74 4
95*4
9*5=4
•>-
..
L.
i
Mar’06
l
98 4 Oct ’06 ...3
93
*99
7
123?, Nov’06
J’ly’99
132
113
129 4
.
i
...
1129 4
11
102
102
73 4
7 3 *4
7 5
Xo\’(J0
95=4 lull ’07
734 Sale
g -tv.
j J
92 4
99 4
It
J -J;
....
1
Muy’Ot
X'ov’u6
....|
i
i
OInd
A W RR
See 1st
C CgC5s.A 1936
St 1.
I110 River
1154 Apr’06
...
-
119 4 Mar’oB
r
113 b Jan ’07
Ill3 '.} Jan ’U2
i
M-S
1174 117 4
1134 114
92
95
ii2
K* A
8*6 * *8*8 4
.
G1 X01
!
94
98
j
119
J’ue’OC
103
Dec’Ot
106 4 Nov’Ol
94 4 Dec ’Of
95
Dec’Ot
113 4 114
g-F
j J -D
t
105
102
103
n J 93 4 94 4
1014 J’ly’ot
|U-F
101*4 i ’u‘14
117 4 Jan ’07
1134
111
i 16
Xov’Oo
87 4
88 4
92
Jan’07
107 4 Apr’06
87 4 bale
92
L)ul Short L 1st g
C BA y coll tr 4s
See
1*0*4 *4 10*5
'105
944
8
1184 J’ly ’OC
-
110 4 U04
106 4 107
10 106 4 106 4
TO7 4 Feb '0t*
105
89 4 Jan’07
io6*
984
88
1 (<4
85 4 80
86 4 8 r 4
8/
87
81
110 4 Jan ’(*7
107
107 4 107
107
106 4 Sale ■106/4
100 4
104
108 4 Apr ’06
106
107
11*9 V, i'jo* 119 Jan’uT
*1014
974
'37
High
8
,103
H
105
103
1024
100
A-O
A-0
103
Jan’o7
88
Jan’o7
Feb'06
Oct ’<(6
.....
)
86
9330
11041U4.
t
1
114
116
May’th ....!
107 4111 4 J 13 4 Nov’06
J-D
General gold 5s
1937 AO
Dec’06
Ore A Cal See So Pac Co
4
121 4 1224 Ore RR A X’av See Un Pac
1224
Dec ’Oh
Ore Short Line
See Un Pac
4 Jan ’07
*9*3 4 *9*4* Oswego A Rome See XT Y C
1
109
4 J’ly’06
O C F A St P
See C A X W
1
4 Aug’06
Oz’rk A Clier C 1st gu 5s p. 1913 AO
100
99
Dec’Oo ...!
Xr'ov’04
|>ac Coast Co 1st g 5s
194o a -D
109
1U9
109
10 109
109
ac ot Missouri
See Mo Pac
Panama 1st s Bind g44s.. 1917 A-O 101
103
J’ly’06
Penn Co—Guar 1st g 4 4s. 1921 J-J
105 4
j J - J 105*8 106
6 1054107
1054
Registered
1921 J-J
ltu
Dec’06
....; loo
Guar 3 4» coll trust reg.1937 M-S
88 4
90 4 J’ne’06i
Guar 34scoll tr ser B..\l941 FA
90
87=0
oct ’06
1154 116b 116 4 Jan *07
Tr Co certif’a gu g 3 4s. 1916 M-N
11641164
95
95
95
4
Jan’07
95
113 4 114
96
113 4
113 4
Gu
3
116
1134
4s tr etfs C
19 J 2 J-D
S9
Get’06
119 4 Feb ’00
1154.
G
3 4h tr etfs I)
l‘-i44 J -D
ill)
4
’()•
Mai
117 4 Mar’05
1104
A-0
9741 lo5 Jan’07
97 4 97 4
113
J’ly *04
C St LAP 1st con g 5s. 1932 A-QI 115 4
115
Jan'07
115
115
Cl A P gen gu g 4 4a ser A. '42 J-J
107 4
10S4 Aug’OI;
IO24 Dec’06
Series B
1942 AO
1064
87
87 b
Jan’07
Series C 3 4s
844 87
194b .M-N
984
’05
Series D 3 4s
195U F-A
96
J an 'll 1
Erie A Pitts gu g 3 4s B. 1940 J-J
964 Jan ’Ot
Series C
-...1940 J-J
98 4 Apt ’U4
N&6 Bdge gen gu g 4 4s 1945 J J
P C C A St L gu 4 4s A... 1940 AO
1094
10'4 Oct ’06
93 4 Sale
934
934 100 934 934
Series B guar
1942 A O
109 4
109 4 Jan ’07
109 - 1094
93 4 92 b Jan ’07
Series C guar
924 92 4
1942 .M-N
112 4 J’ne'65
99
Sale
984
99
98 4 99
Series 1) 4s guar
1945 M-N
1004
9b
Jan’07
9b
98
87 4 Sale
87 4
b8
87 4 88 4
Series E 3 4 gnar g....l949 F-A
91
90 4 Dec’On
84
844 86 4 Jan’07
86 4 87
Series F4sguar .1
1953 J-D
loo
86 4 bait
86 4
87 4 3o 864 864
Pitta Ft W A C lat 7a...1912 J-J
127=0 Get '02
84
844 844 Jan ’o7
2d 7s
844 844
1912 J -J
119
J’ne’oo
102 4
102
Jan ’07
102
1023d 7s
A1912 AO
102
Mar ’04
Penn RR 1st real est g4a. 1923 M-N
103 4 104
liec’Ot'
1*04** ”””
Consol gold 5a
1919 M-S
1114 sej) ’01
Consol gold 4s
1943 M-N
106
Aug'o:;
1034
Con vert 1 ble g 3 4s
1915 J-D
94
Sale
9 *4
944 "> 15
95
92=4 95
Apr’02
M-N
97 4 bale
95 v
9 7 *i 263 954 100 4
ALleg Val gen gu g 4s... 194 “i;M-S lo2 V
DU 4 Oct ’05
100
104
lO.i” Dee’OO
M-N
110
Jan’05
105
Oct *02
D R R R A Bge 1st gu 4s g.’36 F-A
93
1
i0*6 ”*” 1014 Dec’06
Gr R A lex 1st gu u 4 4s 1941 J-jl 103
1 108 - Sep'06
96
98
122
122
93
114
92
101
SO
98
122-4 123
Oct ’05
....!
I
_
...
.
.
...
.
.
.
.
iiec
*924
-
......
„
.....
.
........
-
......
...J
994 109
99
85
8S
i 6*7
75 \ bale
'
'No price
1
1*0*9** i’10*
94
Apr’06
JIISCKLI \M7<)U*
C’oul and Iron
Col F A 1 Co gen s 1 g 5s..1943
Convertible deb g 5s.... 1911
Col (7 A I Dev gu 5s g.,1909
Cot Fuel Co gen gold 6s. 1919
Gr Riv Coal A C 1st g 0sl919
C01 Indu 1st A coll 5 s l-u.,1934
Contin’talC lstst gru5.s a. 1952
Jen A Clear C A I 1 st g 5s. 1926
2d gold 5s
1926,
Kan A H c a c 1st s I g 5s.1951
Pleas Ya. (’oa! 1 at g a f 5s. 1928
Bundiy »;r ex Co g 5s
1941
Tenn Coal gen 5s
1951
Penn Div 1st g 6s
a!917
Blrm Div 1st consol 6s.. 1917
Cali C M Co 1st gu « 6s. 1922
De Bar C A 1 Co gu g 6s. 191 <6 F -A
V* I ron Coal A Co 1 st g 5s.
1949|M- S
1
1*0*64 ioi’4
98 *\
8
\
96
1014
Nash
St L5alat 7a.1913
Chat Agold
lat consol
1928
994 1004
Xov’ul
7
7
104* 4 105*“
115
117
113 4 bale
See Southern
X’rrN Y CA 11
Monongahela Riv See B Ac O
Mont Cent
See 8t P M A M
Morgan’s La & T See S P Co
Morris & Essex See Del LA W
*
Oct ’06
3
6
......
January 1\
No
Jhgi
104 7h
115%
0-M
J-J
j .,7
MS
MX
j.[>
ivi-X
>
1004
Apr’05
101 fb
8
7
102 4
2d exteuded gold 5a... 1938
St L lr M& Sgen con g5al931
M Ac O coll 4a
Mohawk & Mai
97
Salt
Since
< JT
94
M- S
Registered.
J’ne’05
934
984 Sale
81 4 bale
1945
3d 7s extd at 4%
1938
Cent Br Ry 1st gu g4s.l919'
Leroy & C V’ A L1 st g 5s 1926 J
pac R of Mo 1 st ex g 4a. 1938 F
1945
Mob J & KC 1st conB g5a.l953
Mob Ac Ohio new gold 6s..1927
lat extension gold 6s..hl927
General gold 4a
1938
Montgom Div lat g 5a..194
8t L & Cairo coll g 4a..«1930
Guaranteed g 4s
1931
58.
.
1917
1920
Mortgage gold 4s
1V2” il*2
11S
Jan’07
113 4 M ar’05
109 4
HO
L01
103
40-vear told loan 4s
Gen con stamp gtdg5a 1931
Unified & ref gold 4a..1929
Riv & G Div 1st g 4s.. 1933
Verdi V I <fc W 1st g 5s. 1926
14ob& Birm prior lien g5s 1945
9*2*** *92
1114 Oct ’05
Bale
98
Low
Ask
1U5
Range
So !i
or
........
Dec’06
99 4 90=@ J 'iy’01
105
Muy’Oh
109
94
92
Range
Last Sale
-
854
137
j Bid
1;
Sale
93 4
91
*
9 1 b
7 J-IJ
94
Jan ’o7
8 M-S
98 4 Sale
98 4
98b
8 J J
112 4
114
1 J-J
125 4 Mar'Ot
12 9 34
2 J-J
139
Jan’Ul125
i J-J
j.j
♦ M-S
102
104
Dec’OC
*9*7*4 *9*74
*10*0*4
101
A 0
LXXXIY,
H eek's
Jan 25
1 J-J
7 J-IJ
120** 1*2*0
Jan’07
Dec’06
Jan ’o7
174
Irice
Friday
J-J
Jan ’07
J’ly’06
84
25
264
j
-'Z
)
[VOL.
3
^ >
liigti
May’06
1004
ibTe8 “'.I!
1919
a
X
JL&S 1st g 3 4s....
Hex Cent consol gold 4s..1911
1st consol income g 3s.al939
2d consol income g 3s..a 1939
Coll tr ;; 4\>a 1st Ser
1907
Mex Interuat 1st con g 4a. 1977
Mex Xorth 1st gold 6s....1910
MiCuCcr.t .Ve X V Oeut
Midof.NJ
See Erie
>lu L fe Ac \V See Chic Ac X W
Xortli See Ch M & St P
Minn Ac st L 1st gold 7s..1927
Jowii Ex 1st gold 7s
1909
Pacific Ex 1st gold 6s...1921
South West Ex 1st g 7s. 1910
1st consol gold 5s
1934
1st and. refund gold 4s.. 1949
Dee M A Ft D 1st gu 4s...’35
M in n <sc St L gu See B C R Ac X
M St P A S S M con 2 4 int gu ’38
MSS.M & A 1st g 4 intgu 1926
Minn l ti See St P M cfe.M
Mo Kan & Tex 1st g 4s...1990
2d gold 4s
9x990
1st ext gold 5s
1944 M
let & refund 4s
2004 M
Gen h £ 4 4s
1936
St,L Div 1st ref g 4s
2001
I>al <fc Wa 1st gu g 5s...1940
Kan C & Pac 1st g4a...1990
Mo K & E 1st gu g 5s...1942
M K & Ok 1st gu 5s
1942
M K&Toi T 1st gug 53.1942
Bherslufc So 1st gu g 5s. 1943
Tex<k Okla lstgu g5s... 1943
Mo Pacific 1st con tr 6s ...1920
Trti6l gold 5s stamped.al917
X. Y. STOCK EXCHANGE
Wkkk Emm no J an 25
’>
112
115 4 Mar’05
107
Dec’05
....
BOM)*
Since
Low
120
Jan’07
71 4 Sep ’06
116
J’ly ’06
1084 Jan ’06
74 4
Registered
1990
Metropoi El lat g 6n....1908
McK’pi Ac B V See Xr Y Cent
Metropolitan El See Man Ry
Registered
Low
JJigd So
109
Mar’05
127
Dec’06
122 4 Mar’06
A 8k
Range
January
1074 Aug’06
Malion
Coal RySee
L S <fe
MS
anhattan
consol
4s.1990
1st coll gold 5s
Range
Jan 'J5
Louisv cV N’ashv —< continued)
L Cm A Lex gold 4 4»- ..1931
XT O A M 1st gold 6s.... 1930
NO&J1 2d gold 6s
1930
Equip A coll gold 5s
Week's
or
Last Sale
Friday
Becord—Continued—Page
!
2J)8
7g
4 Get
105 4
i 62 ’ *
i
«Due Jan
5s
191 bj (ViMicli. State Telep. 1st 5s.l9j i f
X Y A X a Tel gen g 5s.. 1920IM-.
78 S,
78*..
9 14
76 4
9-’:V
0 Doe »-eb
t g
West Union col tr cur 5s.
j
Fd and real est g 4 4s-..1950 M-'
Mut Un Tel s fund 6s... 1911 M-i
X'orthw Tel gu t 4 4« g.. 193 1 J
193hj
78 4
95
106 4 106
105
J 05
Am ('ot Oil ext 14s
-..1915 4-1
All) Hide A J< 1st s t g tis..
1919-jM-1
Amer Ice becur deb g 6s.. 19.:5 A-(
Ant Spirit' Mlg Is: g (*s.. 19 1M-1
Am litreao 1st col tr Is... 19 19 J
Am Tobac'o 40 vr g 6-*. ,‘.;9 11 ,\-<
-.
.
.
.
i'
91341 90
Jan '07
1 96 4J’ne'o*i
' 1 09
4 May’ll
160 41101 4 J’ly’06
105 4 J’iy’o3
1"2 4
; o*2 4
102 b
loo
bale
OO
1004
i 06 4 Mar’OO
9)
9b
.ir
a
•ts.
Doe
.
pr
,
i- i
>o<
11
“X
05
,
I ’
103
92 b
89n„ Sale
b8
90
n'L
1 03
1004
91
924
b9\
iiOO
162
- j
90
Nile
/I
::::::::::::
[p024
89
;ss
Sale
102
1 1 o
U.H- \oV
90
J'ly'01
89
-102
9)
lOMv 1 104
(6
79 4
1
ue
90
92
Huuulucftiring A Industrial
9134
■1
s
.
73-V
Get ’00
"9i34
96
Next i’nae
Am Telep A Tel coll tr 4s 1929
Comm Cable Co lat g 4s..2397
M et T A T 1 st
*’*041
1 06 4
lo6 4
105
105 '•
102
Dec'o3
1
Dee •(*6
96 :V
ml as iced.
994100
lO2n0 Apr’06
73V
76 ! 199
1076s Dec'01
107
May’97
102 4 Get ’03
105 4 I >ec ’06
<6
011
Telegraph ami Telephone
100
J’ly’06
105
BONDS—Continued
7
Due 1
teC
/'OptniQ ''lll4
Jan. 26
New York Bond Record—Concluded—Page 4
1907.];
209
Cc
liOMJ.''
Price
Weetfs
N. Y. STOCK EXCHANGE
W’EKK ENDING JAN 25
JFYidav
Jan 25
Jiange or
liia
KK—< Continued)
Phiia Hal «fc W 1st g 4a..1943 M-N
Sum Ju .Lewis 1st g 4s...1966 J-J
9b 4
U N J KK tfc Can geu 48.1944 M-S
Pensacola <fc Atl See L <fc .Nash
Feu cfc Last
-bee C C C & St L
114
Peo <fa Pek Uu 1st g 6s....1921
2<.
-si consul
Ft
sit .-
§:£
01921
gold 4*38
Fere Alary—Gilds VV
IUiHAFMcCh
M os 1921
gohl 5s
Huron Div 1st g
i us A- 11 1st uu g
1969
58.1969
4s.l96l
M-N
N. Y. STOCK EXOHANG E
Week Ending Jan 25
Since
•33 tc
January 1
IjOU>
High A'o
1074 Oct ’06
Lou?
Hign
Southern
....
-----
i'lo 4 Sep *’04
...
1234 Jan ’05
100»4 Dec‘05
ios4
1
115
Nov’06
115
115
1064 Sep’06
See Penn KK
Pinia tfc Heading cons 7s. 1911 J-D
Fine creek reg guar 68... 1962
Film Gin <fc fet L
See Peuu Co
Pitts Cleve & Tol
See H tfc o
Phil H & W
1> ending Co geu g 4s
1 07
98
Mar’06
J’ly’9.
974
96^8 Sale
**96** *9*6
4
......
Mar’03
Dec *05
Jan 105
....
......
......
106 4 Oct ’05
984 J’ne’OO
1014 Nov’01
95
92 4S)Ue
92
122
2d gold 6s
1996 A-O
bt L tfc Cairo
see Mob tfc Ohio
1
ttt L tfc iron Mount
See M F
<jt L K C <fc N
See Wabash
8t L M Br See T HR A or St L
bt Louis & san Francisco—
132 4
lienerai gold 6s
1961 J-J
General gold 5s
1961 J-J
bt L tfc S F HR cons g 4s..’9o J-J
bontliw Div 1st g 5s..1947
Refunding g 4s
1951
6-year gold notes 44-- 1908 j -D
K C Ft S tfc M con g 6s..192b M-N
K O Ft S tfc M Ry rer g 4s i960 A-O
K Otfc M K tfc B 1st gu 5s.1929 A -O
St L M & So East gu 4 4gl909 J-D
1234
3
924
01
Jan’06
1 123 4
Jan ’07
12S41234
1094 109
....
1094 Jan ’o7
923s
Salt
82
92 4
93
98
119
1 i8*b
82
Jau’o?
93
1024 Aug’05
82 4 luo
814
82
Nov’06
Jan ’07
82 4
119
82 4
119
12
8134
824
7
10
94 4
82
95
77=4
79
See Illinois Cent
Registered
Rednoed to
M-N
J -J
*
94 \
944
94 4
82
82
82
78 4
784 Jan’07
J D
J -P
77 4
101
A-O
106%, 100
16U4
J-J
1966 J-J
gold 44s.. 1966 j-j
108*s
Registered.
1966 j-j
Dakota ext gold 6s
191o M-N
Mont ext 1st gold 4s....1967 J-D
Registered
1967 J-D
S Minn 1st div 1st g 5s..190b A-O
Nor Div 1st gold 4s....194b A-O
Minn Union lstg 6s....1922 J-J
MontC 1st gug 0s
1967 J-J
Registered
1937 J-J
1st guar gold 5s
1967 J-J
Will A S F lsl gold 6s.. 196b J-D
dtP tfc Nor Pao See Nor Pac
bt P tfc S’x City See. C St P A1 tfcu
b Fe Pres <fc Ph 1st g6s...194a M-S
d A tfc A P
See So Pac Co
8 F & N P 1st sink t g 5s. 1919 J J
Sav F tfc West
See Atl Coast L
Scioto Val tfc N E See Is or tfc W
Seaboard Air Line g 4s...1950 A-O
Coll tr refund g 5s
1911 M-N
Atl-Birm 30-yrisi g 4s.el963 M-S
Car Cent lstoou g 4s...1949 J-J
Fla Ceu tfc Pen lstg 5s.191b J-J
1st land gr ext g 5s ...I960 J-J
Consol gold 5s
1946 J -J
Ga <fc Ala Ry 1st con 6s o 1945 J-J
Ga Car tfc No 1st gug 5s 1929 J-J
deab tfc Roa 1st 5s
1926 J-J
Slier Shr db So
see A1 K tfc T
ioo’7fc Sale
1054 Jau ’07
181
1-31
i9A
T»M>*nri
108
116 4
l06‘g
1*004
1064 luo Deo’06
1004 Oct ’On
100 4 Dec’06
ii 7
i'22'*
10541054
*”i
161
131
t 108
160
113” mm
1154
124
133
924
103a<
10234
......
104 4
107 4
1 o7
11
1054
814
4
100
1004
Jan ’07
88
y6 4 Mar’06
107 4 Aug’uO
109 4 Mar’06
107 4 Jan ’07
llu
Jan’06
108
Aug’06
100
88
107 4
....
824
100 4
89
107=8
....
Sp Ooa tfc G See Atl Coast 1,
Sod Bay & So 1st g 5s
1924 J J
So Car tfc Ga see Southern
So Pac Co—KK 1st ret 4s. 1955 J-J
Gold 4s (Cent Pac coll).k\949 J-D
Registered
/cl949
A tfc N W 1st gu g 6s....1941
Cent Pac 1st ret gu g 4s 1949
102
94 7s Salt
b9 4 Sale
J -D
J - J
F-A
90
1(19 4
9
10'*t4 100
98 4
99 ^
85\ 86 4 86
96
106
105 4
lid) 4
109
104
106 ‘h
lOS
107 4
105
102 4 106
104
109 4
109-4
112
112
94 4
9ia4
116
io’24 mu.
Registered
1949 F-A
Mort guar gold 34s.. Arl 929 J -D
Through St L 1st gu 4s ’54 A-O
•ial Har tfc s A 1st g6s..1910
Mex tfc Pac Istg6s....l961
Gila V G tfc N 1st gug5s. 1924
Hous E «fc W T 1st g os.1966
-1st guar 5s red
1966
H tfc T C 1st g 5s int gu..l967
Consol g 6s int guar... 1912
Gen void 4s ml guar.. 1921
Waco tfc N W div 1st g Os ’60
94 4
88 4
F-A
M-N
M-N
M-N
M-N
J -J
AO
A-O
M-N
Jan ’03
944
66
89 4
Dec’06
2o
94 4
80 4
94=4
894
Fell’(Hi
Jau ’o7
May’06
Jau’07
Dec’mi
Jau ’07
Nov’06
J’iy ’06
Feb*05
Ang’06
99 q 100
m:
mil
...!
.
-J
•**•!
A-O
F-A
A-O
F-A
J-J
J-J
864<
86
i 0*5*4
*1*05*4
1*0*9 4 1*0*94
1
109 4
112
18 111
1
92 4
J-J
vt-:>
94 4
Friday; latest
In
l
.
88*4 bale
88 4
Ang’06
98=4
7K=rt
106
1.1
99
79
89
97 4
»9
! 76 4
87
89
79
0/;1
108
10 ‘107
108
Jan ’07 ....II 90 4 92
90 7e
100
100
101
10O
Jan ’(>7 ...JlOU
97 4 Oct ’05
ioi salt- 101
101
791IIOI
102
82 4
St
82
Jan’07 ...J! 82
ii
75
72=4 Nov m97
Jan’07
96 4 9714
-1 ’ 7
dT
1 u 5 >4
u*5 s.
lo5
105 4 l■_ : i».s
i1
95
96
*v
j 95 4 9o
iOT'1 97 4 9-4
9-5 s bale
97%
9. >
V -S
9-4
999
J! 97% 9-4
9 7-j
999S% Jan ’97
1 98
98%
15
9 > • bale
96%
97
;
"5 4 97
.....
108
91
.
.
....
.
■
J-j
M-N
M N
AO
J J
fifi
.....
AO
M-N
U a Ream Co s t deb g 6a.. 1916
U s Realty A I conv deb gas’24
U s steel Corp— ( coup .<11906
Sf 10-60 yr 5s. Vreg ..dll*
Va Car Oht tii col 11 5s ir..l‘.‘12
"Wet in1-’house Rtfc U s t 5s ’61
PI 4
99
Sale
107 4
AO
AO
No price
109 4
87
106
sale
112=8
103
1094
110-s
110*4
...
1929 J -D
1st 7s
19ob J
See South Ry
Va & Southw’t 1st gu 5s.2006 J-J
ii/abash 1st gold 5s
1969IM-N
YY
2d gold 5s
19610 F-A
Debenture senes A
1969 J-J
Certificates of deposit....
Senes B
1969 J-J
Certificates ol deposit
1st lieu equip s tu g os.. 1921 M-S
1st lien 50 yr g term 4s. 1954 J J
Del tfc Ch Ext 1st g 5s..1941 J-J
Des .uom Div lstg 4s..1969 J-J
Orn Div 1st g 6 4s
1941 A-O
Toi A Ch Div 1st g 4s... 1941 M-S
St Chas Bridge 1st g 6s.l90S A-O
Wab Pitts Term 1st g 48.1954 J-D
2d gold 4s
1954 J D
Warren see Dei lac tfc West
Wash Cent See N or Pac
Wash O & W See Southern
West Maryland 1st g 4s...1952 AO
Gen tfc cunv g 4s
1952 A-O
West N Y tfc Pa lstg 5s. .1967 J-J
1946
gold 6-4s
U1946
Income os
West No Car see south Ry
VV Va Cent <fc P 1st g 6s..1911
Wheel’gtfc L E 1st g os... 1926
Wheel Div 1st gold 5s.. 1928
Imp gold
A-O
•
•
*
....
11.;
.1 -K• •
11 lu a week,
a
Due Jau
\
0
Due F
4 116*4
1
14
92
94
1154 110
96 4 94 >4
2
il2s
112% Jau ’dT
110%,
117
116 4
H6 4
t;s
Jan’o7
1174
1134 1134
6S
694
117=* 1 i74
....
lib
Jan ’07
113
116
2
1
11
lib
118
1114 112
1124 Jan ’06
98 ’ Feb’05
106
1064
Oct 06
112
108 4 Dec ’06
Dec’05
116
le
VO 106
1
4
_.....
964
i
96S.
117
100
*90
108 4
112
96
107 *a
.
.
102 4
96
109 4 1094
J’ly’00
Nov’04
....
109
May’06
117
Jau’o7
96 4 Jan ’ol
111
Dec’06
1174
117
117
93 4 94
1174
•
I024 Jan ’07
97
8»
87
97
854
82
Sale
94
109 4
_
loi
4 Salb
1014 sale
98 4 93 4
1264 124
1164
94=8 Sale
102 4..
If 6 4
116 4
12
92
Nov’OU
111)
Mar’06
106 4 Nov'U4
115
Dec *06
111
May’U4
894
964
94=4
109 4 Jan’07
.
1929 J-D
1
bi>\ 112
109 4 May’UO
1174118
J
J
J
F
J-J
406=8 ^04
Ill 4 Dec’06
95 4
110
......
_
...J i
81=8
117*4
«
102 41024
97
97
89
89
i 87
874
81
16
82
Jan’07
Jan’ol
87
82
Dec Uti
Deo’uO
95
112
96
Sep *06
1014
1014
98*4
974
1014
1U14
12 0 4
1.4
i16 '
116
94 4
9134
94 4 Oct '06
105
Aug’06
J'ne’06
110
in
101-S 102
6 100 4 101-4
20
9T7* 98*4
120
21 123
112*4 1 13
2
71
96
-
944
-v
•
-
......
*
--
1024 Feb’06
9S
’Sep ’06
no
no
no
112
114
114
Sale
113
105 4 105 4 1054
1064
95
Nov’06
*73
7ti
I
72 4 Sale
2 no
19 113
1 105
Jau ’07
714
101
Dec’06
96
Mai’Oo
108
Jan’*)<
1084
97
Nov’04
85 4 May’06
96
Lec’ob
95 4 96
102
Jan’o7
79 4 80
79 4
79 4
30
Salt
294
304
1114
114
1054
75 4
72-4 JOT
704
75
714
83
108
108
......
P1 4
67
115 4
93 4
Sale
bale
814
67
Sale
114=4
bait.
96 4
60
Nov
J-J
A-O
J -J
os...I960 F-A
1949 M-S
5s ...1922 J J
KK 1st oonsol 4s
20-year oyuip s f
Wilkes <fc East See Erie
VV ii «fc Sioux F See St P M tfc M
VV is Cent 50-yr 1st gen 4s. 1949 J-J
4
-
67
1154
96 4
May'06
79=6
29*4
77
41
61
12
.
-...
102
80
324
814
824
66
68
114=4 H5I*
96 4
2
9S4
....
1064 Auf’O"
*110*4
109
llu
81
.
102
109=8 Dec’06
Dec *06
110
1114 Aug’05
87 s
87 4 .87 4
102 4 Dec’05
884
83 4 Sale
89
....
-f
-
......
_
j 87 4 87%
1
j
....
;
109
*
87 4
80
BONDS—Concluded.
i
Miscellaneous
J-J
Repub I tfc S 1 st A coltr 5s. 1961
'
1947
Registered
1947
Ore Ry tfc Nav con g 4s. 1946
Ore Short Line lstg6s.. 1922
1st consol g 5s
1946
Ex leu tfc
..Hi
112
94 4
Dec ’06
112
T
j
i
123
117=e Jan ’07
-
864
!
114
Nov’m«
96 4
94
116
Jan’O?
96 4
964
Jan’06
116
96
J’UC’06
J’ne’oo
92
118
112
......
Gen
1
JIIMJEIJtANKOUM
Jinniilnct tiring A Industrial
Beth Steel 1st ext sf 5s.. 1926
Cent Leather 20-year g 6s. 1926
Consol Tobacco 50-yr g 4h. 1951
Distil Sec Cor eon v 1st g 5s.’27
Int Paper Co 1st con g 6s. 19lb
Consol couv h 1 g 58
1965
Int St Pomp lo-yr conv. Os T3
K nicker Ice (Chic) 1st g5s.’2.s
LackSw steel 1st g 5s....1926
Nat Starch AlIgCo 1st g 6s 1920
Nat Starch Co s t deb 5s..1925
U
Virginia Mut
32
68
70
1184 119
.
87
5 1064 105 4
5 10-1=8,
111 4 Jan ’06
104
Sep ’mi
112*-.
....
.
-
16
116 4 May’06
\J andalia consol g 4s ....1955
Oct’05
314
114
103
• J
1926 J - J
C Co See Pa K R
See Rio Gr Wes
See Uu PaciUc
R See N Y Cent
F-A
era Cruz t&Plstgu44sl934 J-J
Ver Val lnd tfc W see Mu P
106410S4 1074 Dec’06
81 4 Sale
100
Sale
87 4
Tor Ham tfc Bull 1st g
later <fc Del lsl con
Utah tfc Nor
Gold os
•J ni N J Rlt tfc
Utah Central
Utah tfc North
Utica tfc Black
-
110
94
1154
96 4
113
1950
4s./il940
g 5s 192b
Registered
....
1124 113
1956
Guar refund 4s
Oct ’06
1364 May’06
116
Aug’06
116 4 Dec ’06
108
.
.
....
108^ J’ly ’05
~ 104
M
5S.196U
Pac Co
5s
2000
50-year gold 4s
1004 ib*04
May’Oo
104
1164 Sale
2d gold inc 5s
92000 Mar
La Div B L 181 g 5s
1961 .1
W Min W tfc N W 1st gu 5s ’60 F
Tol tfc O C 1st ft 5s
1965
Western Div 1st g os...1935
General gold 5s
„..1935
Kan tfc M 1st gu g 4s.... 1990
Tol P tfc W 1st gold 4s....1917
Tol St Ltfc Wprli“ng 6 48.1925
108 4
....
4
l ex tfc N O, See bo
Tex tfc Pac 1st gold
”
6
1064
con
Gen refund s I g 4s
St L M Bge Ter gu g
Uu Pac RR tfc i gr g 4s
1084
Apr’01
106
82
1184
110
112
i’er
L 5s
1st g 44s..
1969
1stA of St
gold
1894-1944
96
814
I04=b
111
Ang’06
114 4 Dec *04
Jan’06
119
J
J
M
West N C 1st con g 6s.. 1914 J
S tfc N Ala
See L tfc N
Spok Falls tfc Nor 1st g 6s.1939
Stat lsl Ry 1st gu g 4%js..l943
Syra Bing «fe N x See D L tfc VV
111
ft:?
...
864
......
.
....
Aug’06
104=8
,'l>
J
J
J
A
M
(VI
M
Virginia Mid ser C 6s...1916
senes D 4-5s
1921 M
Senes E 5s
1926 M
General os
1966 M
Guar stamped
1966 M
W O tfc W 1st ey gu 4s.. 1924 F
.
Jan’01
116
99
108
mil.
High
Nov’06
103 4
1114
Since
January I
Sep’06
102=6 lu4
1044
96
Ry 1st g 6s
1922
Knox tfc Ohio 1st g 6s...1925
Rich <fc Dan con g 6a.... 1915
Deb 5s stamped
1927
Rich tfc Meek 1st g 4s... 194b
So Car <fc Ga 1st g 5s
1919
127
116
87
206 4
A
Ga Pac
109
76
89
....
100
86 4 Sale
J
1946 A
Ga Midland 1st 6s
......
.
bt L 8 W 1st g 4s bd Ctis.l9b9
2d g 4s me bond ctls...pl989
Consol gold 4s
1962
Gray’s PtTer 1st gug 6s 1947
bt Paul <fc Dul
See Nor Pacific
bt Paul M tfc Man 2d 6s... 1909
1st consol gold 6s
1966
2d 4s
194b
Atl tfc Yad 1st g guar 4s.1949
Col tfc Greenv 1st 6s
1916
E T Va tfc Ga Div g 5s..1960
Con 1st gold 5s
1956
E Ten reor lien g 5s
1968
*97*4 9*84
,
It
Range
High So Lons
Ash Lcnv
......
......
5s
St 1-iouis div 1st g 4a....1951 J
Ala Cen R 1st g 6s
1918 J
At i tfc Danvlstg4s
194b J
May’05
9S4 124
luO 4 J’ne’OO
96 4
»64 27
Sale
.
Stl
120
98
116
ICS**
-
St Louis So
Oct ’01
4|
1144
1997
120
g
Last Sale
101=8 Nov’00
gold 5s
con
Jan 25
114
1946 J
1994 J
Registered
1994 J
Mobtfc OhiocoLltrg4s.. 196b!M
Mem Div l8t g 44-5S...1990; J
Con
Soutliern—1st
Week's
Range or
1234
1905-1967 M
Stamped
t*ric«
Friday
But
Co—(ContinuedA
S PacofN Mex 1st g6s.. 1911 J
So Pac Coast 1st gu4sg.l937 J
TextfcNOSabDivlst gOs.1912 M
115 4 Mar’06
137
Nov’97
Pills Ft VV tfc Cli See Penn Co
Fitts J unc 1st gold 6s
1922 J-J
Puts tfc l Erie 2d g 5s...al928 A-O
Fill'. McKees tfc Y See N Y Ceu
Fills Sh tfc L E 18t g 5s... 1940
1st consol gold os
1946
Fitts tfc West See H tfc O
Fitts V tfc Ash 1st con 58.1927 M-N
J-J
i Uegistered
1997 J-J
Jersey Cent coll g 4s...1951 A 0
lieusselaer tfc bar
See D & 11
Hied <fc Dun
See booth liy
Kieh tfc Meek see Southern
Rio lir West See Den tfc Uio Oi
Rio Ur J unc 1st gu g 5s. ..1969 J-D
Rio gr So 1st gold 4s
1940 J J
ii uarantecd
1940 J -~J
Koch tfc Pitta See BKttP
Home Wat tfc < )g SeeH Y Cent
Rutland 1st con g 4 4s....1941 J .1
ogtfcL Cham lsl gu 4s g.l94b J-J
Kut-Canad 1st gug4s...l949 1. l
w-ag Tus tfc 11
See Pere Alary
ct Jo <fc. lir lsl 1st g 4s... 1947 J-J
bt Law tfc Aitirou 1st g 5s.1996 1 .1
££j
Guaranteed gold 5s
1968.A
Ore <& Cal 1st guar g 5a.1927 J
8 A tfc A Pass 1st gug 4a. 1946 J
So P of Ar gu lstg 6s
cl909 J
1st guar g 6s
cl910 J
So Pacific of Cal—
1st gOsseries E <fc F...1912 A
1st gold 6s
1912 A
1st oon guar g 5s
1967 M
....
Apr’02
Pac
i
i
Morgan’s La <fc T 1st 78.191b,1 A
1st gold 6s
1920 J
NoolCallst gu g 6s....1907 J
....
109
1174 115
106
110
1920 AO
BOND*
.
Kanye
Last Sate
as a
Penn
5.
Adams Ex col tr g 4s......1948
Am Dk <fc Imp5s
see Cent N J
Aui SSCoot VV Va g 5s
1920
K’kl’n Ferry Co 1st cons g 5s’48
Chic J c tfc St Yard col g 5s. 1915
l)et M tfc M ldgr incomes.. 1911
Hoboken Ltfc I gold 5s...1910
Mad Si( Garden 1st g 5s..1919
Man Roll ii tfc L gen g 4s.. 1940
1024
St
M
1
s
41
108
To
e
Due .day
g
Feb’02
"*9*4 4
May’06
1004 bep ’Uu
d
Due J’ue
....
964 95
1
pvt
•(. 1st g 4 4s 5-20 year.. 1911 j J
Yuba Wat Vo con g 6s.. 1926 J
d Due Apr
bep’06 ....!
”944
Joseph Stk Yds 1st 4 4-s. 1 96b J
1. t er Cuppies btat’u A Prop!
ti Due J’ly
1024
i
Oct 'mj ....•
J’ne’05 ...j
5u
19’2llM
>p Val Wat Works 1st 6s louo
l' S Red tfc Ret lsl s ! g Of1.1951
3
100*4 J’no’02
Newp Ne Ship tfc 1> l)5sdl990i J
N V Dock 50-yr 1st g 4s.. 1951! F
Provident la),m Sue 14s.
1024
1 Vi**
113 4
j'iy ’04
'95
Jan’07
%>
Due Nor
....
-Ply ’00
95
95
xODtioa bate
0HT0A.Q-0 STOCK EXOSA.Y'tB—Stock Record—laily. Weekly and Yearly
/blOCAh—H WHEAT ASD LOWEST SALE FRICKS
Mtttfdof
Monday
Tuesday
Jan 19
Jan 21
Jan 22
•160
189
*5
♦15
36 4
*160
*5
64
164
39
54
*5
•17
*154
*160
40
*5
40
63 4
*864
634
87
*27
28
54
64
•86
•27
•70
*35
26
*60
87 4
28
71
40
704
*30
*25
•61
25
634
*
89
24
•97
•25
83
98
99
29
*25
*5
54
*17
18
64
864
27 4
71
40
26
64
87 4
*86
27 4
40
26
64 4
88
33 4
98
29
*
32
39
*034
707*
*160
64
17
41
•154
70
*30
*25
*61
*85
*5
♦15 4
40
54
17
40
t^4
644
00
b6
274
4
274
714
714
*30
*25
40
26
62
62
*85
*31
*97
5
5
5
*44
15
15
15
*144
*39
41
*33
41
Last Sale 54
Jan ’07
17
18
164
104
65
65
04 4
G5
86
86
80
863h
23
274 28
28
71
71 4
71
71
Last Sale 40
Jan ’07
*25
26 si
25 4
‘25 4
*60
*00
63
02
*85
87
87
87
32
33
32 4
•314
*97
99
*97
99
Last Sale 17
Jan '0?
29
’......
874
33
99
29
STOCKS
CHICAGO STOCK
61 the
EXCHANGE
Shares
Kailrond*
Chic City Ry
Chic Pass Ry
Chic & Oak Park
Do
prel
Last Sale 140
Sale*
1906
Year
(1905)
Week
IA>west
100
140
00
21
851
100
100
Chicago Subway
100
Chic Union Tract....100
Do
100
pref
Kans City Ry & Lt ..100
Do
pref
100
Metropot W S Kiev.. 100
Do
pref
100
North Chic Street. ...1001
•
*
33
’
Jan J4
180
99
324
*97
Thursday
Jan 23
180
•6
64
17
IS
63
3
180
Wednesday
In
Jai
Sep 28 200
Dec 31
Dec 0
5
15
Lowest
Jan
O' 180
7j4 Jan 17;;
28\ Jan 2.1
10
6';*
40
Highest
Jan 205
4
J’ly
J’iy
Oct
7*4 Jan
28
Oct
Mayl?!;
87*4
134 HVU20|
04 J’ne 13*8
4014 Mar 12! 20 J’ly 51
O'* 4 Feb 9; 30
Jan
00
Oct
8 >
31! 934 Feb fed 82 4 Jan
93
J’ne 8* i 20
25
Oct 30 30
Jan
28 4
>
n
05 *2 Oct 23! 72*2 Nov 3
59 4 Jan
73 4
25
Alar 14
85
Mar 12 i 55
J’ly j 99
23*2 J’ly 24 28 4 Feb 23, > 21
May 26
00
May23 08 4 Mar 13 GO Mar! 68
84 4 Apr 30 99
J’ne 9
90 4 May; LOO
27
May 18 35j4 Nov 12;- 27
Augj 30
J’nel5 1 97
07
Dec 20! 102
Dec 1034
23
AprlOi 00 Feb 19; 1 40 J’ne 72
33a4 J’ly 13
4
J’ly 1‘2
12*2 M»> 18
54 Si Jan 2
a
855
03
28.
341
Northwestern Elev.,100
Do
pret
100;
South Side Elev
100,
StreetsW Stable C L 1001
Do
100;
pret
West Clue Street
100
Highest
Deo
Aug
Feb
Feb
Sep
Sep
Oct
Sep
.
‘150
10
10
7yi
Feb
Deo
Oct
Ang
,
lu|
Sep
-Mar
Feh
JliMcellnneous
5
624
54
03
524
62 4
54
’130
•130
*126 4
*1264
79
64
64
6
52 4 53
131
*130
131
128 4 128 4 *128
79 4 80
794
10841084
54
52 4
52 4
*132
54
......
......
......
*79
*107
Last
38
*107
Last
>50
79
107
Jan’07
38
108
Jan ’07
i'4
******
67
•55
65
•93 4
94
1114112
135
*102
924
14
8
14
*74
8
*
58
93 4
55
93 4
23 4
111*4 112
11141114
*135
♦102
138
1U2
2«4i*
*264
*55
93
1114 112
*135
102
135
193
*14
55
93 4
135
103
14
14
84
14
14
84
8
*25
264
139
26
112
134
102
254
*54
93 54
112 4
135
lii
1024
102
14
*74
26 4
1 4
8
S
254
4
934
Radiator
100
Do pref
Amer Shipolilsr
100
100
.100
Amer Straw Board
Booth (A) & Co
Sep’Ob
Do
pret
loo
1114! Swift & Co
100
! Tne Quaker Oats Co. 100
102
I
Do pref
100
4
14■ Unit’d Box Bd <fc P ColOO
Do pref
100
74
8 4
28
26
Wostern Stone
loo
T)ec I 14 4 Apr
Jan ! 73 4 Apr
Jan,110
Dec
Jan 20
S-4
Jan 25;
00
Nov 7;’ 70
30 128 4 Dec 3:130
Jan 17 125
0 )5 54
Nov 5
Jan 13; 81
38
05 101
Jan 111112
Nov 23
98 4
17
Feb28: 3(4 Dec lit;
”1*43 36 Jan 23 40 Feb 0!; 35
1 106
Let 12;il34 J’ne 2ii 105
Feb Gj. 50
55
May26f 04
6
652 i si
10U 115
Ou
15
405
2,199
100
J’ue28i
114
J lyl3; 72
Feo 9 130
Feb; 134 Dec
5934 Sep
Jan j 105 4 Mar
Jan1
Oct
Jan
40
Mar 112
70
J’lv
May31; 1484 Feb 150
1683s Mayl8T75
16
Febl3| 164 Feb 23'; 10 Jan
10
1
Mar 0;
1
34 J’ne
1 Mar 0!;
Jan 10' °G
0
Nov 14!
7
J’ne
7
136
J’ly 3D 165 Feb 15 i' 153 Jan 172
Feb 9‘; 32
48 4 Dec 24; 03
Jan
58 4
lol
Apr27 139 Jan 15 125 May 1434
103
Jan
995
May 3|118
Apr 118
Feb 7 134 4 Feb 145
U8
J’ne 0 147
41 4 Sep
1 71*4 Jan 23; 55 J’ue 07
li 11
Feb
42
79'7e Feb23 80 Feb280 03 Feb 75
May22
46
48
134 May29
Do
S-*
National Biscuit
loo
117 4
Do pret
100
Jan’07 National Carbon
100
Jan ’071
Do pret
10U
>1 ay’05 Pa ?e Wo Wire Fence
J ’ly ’06; People's Gas L& C’kelOO
53 iSears Roebuck com. 100
14
84
26 4
100
Brew’g
pret
1
14
pref .1
Do
1,183
Mil & cine
*
99^1
Amer
100
100
,
_
.
Last sale
*55
58
pref...
Do
Do pret
100
Cal & Cine Canal & D100
May’06 CentralTrust Bank..100
Mar’06 Chicago Auditorium....
Jan V»7iCiiic
Brew’g A Malt’g
Jan’oT
Do pref
Jan ’07 Chic Edison
100
47
Cine Pneumatic Tool. 100
117
Jhic Telephone
100
107
Chic Title & Trust... 100
126
Diamond Match
100
47
niinois Brick
100
Nov’05 Knickerbocker Ice... 100
Feb’OO
Do pret
100
J’ne’04 London & Chic Contr
Dec’04 Manufacturers’Fuel
Jan ’07 Masonic
Temple
......
......
4 American Can
S~4|
*131
*128
78
108
107
*31
•31
*31
*31
Sate 30
*87
*37
38
*37
38
38
38
38
38
•37
*107
*107
112
107
lu7
*107
110
108
110
*107
*63
*53
65
66
*53
*53
55
Sale 5 i
Last Sale 175
Last sale 16
•1
*i
*i
14
1*4 ,*1
14 Last sale 1
-6
*6
*6
*0
6 4
64
64
64 Last Sale 6
•HO
*140
Last Sa le 141
143
*140
114
*140
144
47
47
48
48
47
47
*45
•115
117
117
*115
*1154
117
*1154
*1 15
1U6
107
107
10?
1064106 4
*1064107 4 1064 1064 *106
*
182 4 123
120
123
123
123
124
123
1194 1214 126
*47
*47
•47
48
48
•474 484 *474 48
48
47
Last sale 31 4
Last sale 3J '
Last Sale 17
Last sale 9
Last Halt 46
2 4
2 4
Last Sale 32
83
83
r3‘s 83 4
82
117
117
117
117
117
117
117 S2117 4
H64117
117 4
*80
83
82 4
*80
Last sa it si
82 4
*116
118
117
*117
Last Sa le 120
119
119
*ii7 iia
"
......
_o
52 4
•1284
....
..
54
......
Sep 25i
44 4 Mar
2
Jan
24 Fen
3
Mar 7>
23
19
1,015
May 2 79 4 Dec 17 j 5234
328 1134Jan 4 119
Oct 241 1104
78
Jan 5 95
Mar 3
41
Dec 14 1224 Mar 9 110
112
21
02
J',ne2o
Auf
Oot
.
Sep
48 4
Mar
Jan
JtHl
Jan
Feb
Dec
Feb
Dec
Ang
Nor
Not.
Oot
Aug
2 4 Oct
Oct
23
Aug 674 Dec
Aug 120 4 Mar
804 Dec
Jan
Jan
I2(f
J’nc
f>
20
790
2,367
153
133
625
470
135
i
54 May
Apr
995s May 1104 Apr
884 I’ly 10 93 4 Mayl7!
50
Aug 2 63 4 Dec 0;
92 4 Nov .} 99
Sep U!
Dec! 114 Jan
1014 Jan 17 119 4 Sep 27 !loi
115
Jan! 105 Dec
Mayl 6 t52‘«2Jau 5i 46
99 4 Dec 0 10634 Feb 15! 80 4 Jan ' 109 4 Nor
2 4 Apr
34 Dec 21
2*4 Jan 12!
14 J’ly j
8
54 Dec 28 17 4 Jan ‘20
Dec
Aug 10
Mar 2 7
28
Dec 20 42
23
Feb
41
Any
Mining
Last Sale 54
Last Saif
Last Sale! 2 9*a
Last Sale'lO '
:
.
194
......
!
20
'Day-West
::::::::::::
le',77fi
0
Chicago Bond Kecord
| -T
CHICAGO STOCK EXCH’Gl ^
Wkkk
r-XDLNU
i
Jan 25
Iriaa t/
Jan 25
J-J
99 4
Clue Edison debent 6s... .1313
let gold 5s
A.1926
Clue Auditonuiu ist 5s.. .1929
(Jtiic Dock Go 1st 4s
1329
Chic No bhort Elec be... .1312
Chic A Mil Elec By 5s
.1919
Chic Pneujjj Tool i *t 5e .a 1921
Chic Rock I A Pat K R 4s 201/2
Ooilat Trus; g 5s
1913
Common wealth Elect 5e. 0194 .>
lilmoi* Tunnel 5s
1928
Kane City By A Et Co 5s .1913
Knickerb cker Joe 1st 5s .192s
Lake htreet Ei 1st 5s
1328
Income 5e
.1925
Men w 8i<ie Ei let 4s... .I9.,e
Kxuenijion g is
1938
North Clue fct let 5s
.1909
1 at 5e
19D
.1931
Refunding r 4
N 0 Clue City R} 4 -vs
1327
North West'n Ei 1st 4s.. 1311
Ogden Oa* 5e
1345
Fearsone. 'I a2t 5e
191b
......
;92
West
E) 4 4s
f'Ujit-*: < sj
t n
6s..
81 4i
Nov'04
80
V6
1904 bale
32 4 bale
38
1
1101
Continental National.. I
102
.
;i
' !
4b
Dec’obi....!
j
..
’06
...
914
S’H l A
16
90 ‘4
fei
May’ot1
;
30 V J 4
84-D 27:
30
Dec ’ob
Aug’06i.7..j
Dec’oe
904
90 -a\
32 4
32 4!
2b
100
bait,
......
102
J 00
100
80
30
105 4
Hamilton National
Hibernian B’k'g Ass’n
102 4
87
95
974 I00'4
39
35
100
J 00
9o7a
95
4
90
89
91 >
911
79
77
92 4
r.
30
79
y?
.
'*3
99
100
99 4 J OO
J 18
120
l!i034 1034
loo
j;< I004 105 4
5 101 4 1 03 >,
100
105 4
1014
99
Jan ’07
114
Nov 01
72
|
4 Jan ’07•...
i 95
J/ec’ob
08 4 bep ’05
72 4 Dec ’Ob
7 2
7 2
,
: 87
Dec’Ob
36 4 Jan'Oo
....
!
-
05
77 4
72 4 100 4
.
.
..
72
Ao-.n,oC -interestmue t
be */ided
to all
Chicago
'
;
bond
500,000
1,000 000
500,000
1,000.000
175,435
1,080,8 1 5
86,38b
20,133
1
‘250,0001
Colonial Trust A Sav..
Drovers Trust A Sav..
First Trust A Savings
Illinois Trust A Sav
Kenwood Tr A Savings
Lake View Tr A eav..1
M ei chants' L’nAi 1 •;</
,
.M
etiopolitau 'J'r A bav
NorUiern Ti usl <Jo Bk
Peoples 1 r 11st A bav' .1
SLtkkin ii’sTrA bav m!
1;iiion Trust Co
.......!
WesU'ru Trust A Sav.l
Wood la
r
wn
A Hav Bk
Ti A bav Bk
‘200,000
200,000
1
3,000,000' 2,374,525
200,000'
3,982,4 35
750,000
31 9,1 2 l
i
6
1,000,000
87 /,4(ia
283,75 1
1 8,553
2
2, /*>2
.
u-.i
inn
F-A Feb
Jail
ti J
“:Y
ti-F
0
124 3
0
0
+J
<^-J
<^-J
g*./
i;:rx
,
H
Began
biisin
4
5
8
8
Nov
Jun
Jan
Jan
Jan
Jail
’00,
’06,
’07,
’07,
’07,
’07,
2
6
5
3
2
1«»
’07, 3
’07, 1
’07. X
’(>7, 1*»
’07
’07,‘
1 ig
2**
’07, 2
’00,
1
’.»7, 41*
’07,' 1»»
’07. 3
’07, 14
’07. 14
j
1.
tj-j
Jan
’07. 2
July 3, 1906
i.ni
’07, 1 4
V+J Dec ’()«, 14
-
j
None
Begun May J. l PC >
None
17 J litn
.
8
4
8
Inn
Jan
j
7-J
lo
6
+J
1 an
TJ
./an
'07, 14
11
Jan
'(>7, 3
’07, 14
12 1 4
Jan
gft ill/.eit
12
12
0
<5
8
1
i
i
H
**8
•
0"
Began
'0
7,
24
i M, 1909.
.Nov
U J Jan
07. 2
U JihrC
'06. 14
<4 - J ! Jan
’07+2
! '.+ f‘ N11V
ncor| poi a! e ! 0 A11 arch,
"(V
’07, 14
07. 2
’07, 14
.7
or
,723,23b
50,009
514,136
8,0 73
<
3-j
M
22,1 07
200,000
500,000
200,000
•20(1,O')
Q.J
0
12
33,700
‘200,000
3,000,000
J ,<>00,000
2(10,000
.»ec
Ian
J Jan
J Jan
Jan
l*-J Jan
8
10
94 9,154
5 *a
2,000,000!
71 500,000'
7/ 80,307
600,000
534,935
5 + 6
0
‘200,0001
83,235
/tl ,000,0001 1 ,533,392
b.OOOBOOi 7,403.522 12 + 4
1,500,000
‘
844
W bide 'J
200,000
1,000, <100
‘250,000
ChHiago Sav Bk A Tr..
J-J
8
0
0
h.n.
Rahway Exebangj...
Union Bank of Cnicago
Union hlock Vds State
Amer i rust A bavgs..
Central Trust Co of ill
J ..!
%
....
30,365
66,379
1 |9 223
..
5
10
12
y
0
,'184.7.(3
1,327,470 12 + 3
213,587
3,54 5
58,730
897,637
147,573
34,436
43,391
Slock Vard/i Savings
■
k-j ‘Dec
8
77,121
300,000
55
85
96 4
price s
‘200,000
500,000
8,000,000
100,000
rf.UO (Kin
Soutii Chicago Savings
State Bank of C'liicago.
Last Raid.
(i
Ian
‘27,215
8
325,704
11-j Jan
2 9,804
3
Q-J Jan
7 2,213 Began
huMin ess
/cl 16, 190*
12
O-J Jan ’07, 3
0,733,0 19 II12
1 35,003
10
10 + 10. u-J Juu
’07, 2»a
04 2,324
Priv ate Bu uk
Pullman Loan A Sav..
Royal Trust Co
36 4
SA
4,195|su4
200,000
600,000
200,000
c5
95 4
4
'200,000
250,000
‘2,000,000
1,000,000
50,000
100,000
’250,000
10
1‘2
8
0
12
0
8
Record
\f’erIn
1906
tod
8
5
1.970,611
‘2,377,006
50,000
3,000,001/
Kaspar state Bank....
1905
36,365
128.957
4,000,000
Monroe National
Mutual Bank
N'ai Bank ol Republic.
National LlveSUick...
North hide State Sav..
Oakland National
Brairie National
bO
1
Nwle.
Drovers Dep National
Englewood State
Federal National
First National
First Nat Englewood..
Foreman BroaB’k’gCo
...
130
Nat...
87
lib
Nov'obi
1
102 4 Jan ’<>7!....1 1014i05 4
104 4 Jan’o7 ...J 1014 108
102
Jan :o7
03
105 4
J /02
Corn Exchauge
Drexel Stale
87
834
..
35
55
344
10, 83
100'4
1 1004100 4
i034Eeb'OG
•
100,000
500,000
Commercial National.. 0 2,000,000
..
...
102
104 4 105
101
In
J*rottLst
S toe kt
Chicago City
57
1100 4 104
3 100 4 1034
90 J4 064
Jan‘07!
ov
Mar29,'
Nov 6
-
994 1o034
;1014 103 4
....
N
Mar 7
Feb 26
Dividend
Oulstand- Surplus *A
ing
i-ti‘2,000,060 *1,179,109
i
Apr’04
4 Jan ’07!....!
4
Feb 20
Oct 2 !
Feb 23: |
7 4 J’ne l Go
Feb 24
Bankers National
Calumet National
High
j
39
Oct’06
99 4 Hep ’ob!..
0
!
1906
Low
...
100 4 Mai'Ob
97
J/ec’Ob
3?
}
99
Id
77
76
1 928 M N
J 909 F-A
J 314 JO
133b 9. N
1832 J-J
1 309 A 0
7bJ4
90
98
D>0
35
9 j4s bale
i 34 4 fcale
P^pie e bat L A C i et be 1343 A-O
1347 M-8
Refunding g 5s
Chic Gae Li A C J el 5fc. 1937 J-J*
M-N
J-J
J J
A-O
WIN
......
« * “Tl
3
J 33b J-D
Feb’06
1 o3 4 102
jd-b
M-JV
4 -bOe Benee E
8/
79
-2-S
M-H
J-D
V-N
A-O
J•J
Feb
F A
J-J
J-J
J-J
A-O
M-N
>?-S
M-N
J \j
’
Couhfj. y us
W esl 1)1 r City
High So.
t
-«-N
..
.
|
|
NAME
Tor year
J
964 Jan '06
.
...
1347
J 921
i9J 4
1945
1311
-4
93 4 M ay’Ob
lot 4 J nu ‘u 1;
101
luar’Oi
103
Apr o4
57
Dec Ob
.100 4 NovOMJ
101
101
i
J-J
1014
J-JJ 100
J-J
J-D
J-J t io i" ioi*
101
A-0 100
93
F-A
.100
9=
A-O
A-O
J-J
81 4 Kale
J-J
..
Consumere’ Gas J et 5s.
MUlum t uei Gasket 5s
feouih bide Eiev 4 4e
h Wift A
1 et g 5k
U n ton E) ' i
p) 6s
Unuon Bacihc wv v 4k
1 ni tec Ron Boa>d bk....
West ChxC fct J st 5s
'J unnei. st 5s
Decent b*
Last sate
Atk. Low
Range
|?-J
or
F-A
...
4 ft be
Lange
G4
304
4434
14 4
204
4 3b
S5 4
Chicago Banks and Trust Comoanies
1 **
Ltxc*
£
hi a
Amer Biecuit 6*
1910
Amer Strawboarc 1st 6s. .1911
Gnu Are 6t t G (St L> 5t .1912
Uliie Boarc of Trade 4e
.1927
Ohic Consol Br & JVI It be
Chic Consol i rac 4 ~js
.1939
1 it
Last Sale-4
Last Sale 35\
Last s’a
.
iW.M>»
20
534 Mar 7
7
294 J’neDi
734 J’ly 14
14 4 M ar 7
3 4 J’ly 26
85 * Fen 23
30 4 Mar
i
!
I
Max'Oe Adventure Con
25
Mar’OO .Allouez
25
Od;B;ngham Con Minin? 50
!
...
(itij <9
biisln
1
0
,
•
'0(1, 2
1906
1
J 1 Jan
'0
| •sep
6.
i-HH
<J-J| Jan
7.
14
190*
’0 7, 14
| Div.de/.Cj- att p*ud Q J with «-rir* paymentc Q V
* Include* special dividend of 306, paid Due. Id. loud.
1 Nuv. 12, 'Oil for National Bank*
N
6, *%/6 to State itislitulmns
* 8*0 and a* iced pi 1 ce*, no
sales wer e made ou this day
l No pi ice It'/ id a y, latest: price lint week
at* tie Itito.
4 C ue J
fcl
t Cap; Lai nxo 1 eaeeu J an. ) lb 07 from h
160,000, a cash di v id end of 30 per < en t being de claret I and 16 in- I tike 11 its part payment for ne w stock.
ADtieJuiy
*Oe xuiiJion debars transferred in Dec, J 906 from suiplus u'.o/ij c1 f <
1
.xp;Oil, making Jailer #2,000,0011
m Formerly Dive him' k-Trust A
vyt Bank, but name changed in Sept- 1906.—-See V. 83, p. 7 29
n Capital and surplus Lo be increased.
<, Capital to be increased to $'i,uo0,00<).
.
•
.
Jan. 20
211
THE CHRONICLE.
1907.J
(4n<* >ecuriti«»M
Exchanges
Volume of Business at Stock
DAILY, WEEKLY AND YEARLY
Stocks
Week ending
Jan 25
1 yt 7
,
Par value
Shares
Monday
Tuoaday
Wednesday
Thursday
Friday
Railroad &c
!
Solids
j
1,649,000
1,419,000
l,627,u'00
1,647,500
67,466,8751
53,907,200;
43,473,350
55,895,900'
Week ending
Sale* at
Jfetv York Stock
Stocks—N a share
Par vaiue
Bank sharea, par.
$10*000
134,000
499.500
$i 0,000
#9,291,000 $1,513,500
19C6
It 07
1906
32,625,876
17,529.906
4,841,629
9,372,707
f410,223,035 $S42,247,150 f 1,504,934.285 $2,967,766,150
*s7,o0v
13,200
3,700|
$6,0UU
.
BONDS
Total bonds..
$359,600
1,513,500
9,291,000
#67.000
3,019,100
23,810,000!
f49,500
4,963,500
37,684,700
76,812,400
$10,814,500
#26,926,1001
f42.697 700
#88,881.900
$10,000;
Q-oreram e nt bond
State bonds
KH. and inis, bono
PHILADELPHIA
AT THE BOSTON AND
DAILY" TRANSACTIONS
11.709.9(10
Week ending
Jan 25
iyoi
Bond
sales
Unlisted
Listed
shares
shares
76,340
74,377
75,566
60,978
9,254
19,129
21,755
422,180
109,089
Wednesday..
Thursday
91,086
Friday
Bond
sales
Unlisted
shares
Listed
shares
68,000
7,915
3,688
01*.200
2*2,100
23,516
31,285
22,005
7,550
46.500
$107,400
180,568
46,629]
15,5c‘0
$316,200
Outside Securities
JL
Weekly Review of
Outside Market will be found on a preceding page.
(Street Knilwuys
Bui
llnilxvny*
Pub Serv Corp of N J 100
Tr etfs-2% to 6-’o perpet
Street
Ask
NEW YORK CITY
Bleeck St A Ful F slk 100
Ylst mortis 1950 ..J-J
$2d iuort 5s 1914
Con 5s 1943
See
Coll trust 5s gold note.1909 optional
M-N i 93 8 95 8
40
50
North J ersey 8t Rv 10u
7 <5
1st 4s 1948
M-N * 75
75
76 8
Cons True of N J...106
1st os 1933.
J-l> < 105 8 106 8
in
a 10
245
..100
Y B’y & 7tli Av« elk
..
.J -J
Stock
B’way Surf 1st 5s gu 1924
TICent’l Crosst’u stk..l0l>
Ijlst A1 6» 1922 ...M-N
Y<Jen Pk N A E it stk. 100
flChr’t’r A 10th St slk 101
li
a ot
4s g
J-*j
67
Ulietropoi securities lOo
Metropol street Ky. loo
j
j UnitRysSan Frau SceStk
i Wash Ky A EL Co.... lOe
NKW
Con Uaa
103
Ext
LOO
Jj l 13
Buftalo Street Ky —
111
1st consol 5s 1931..F-A 4 109
Det> 6s 1‘9 1 7
A.o i lo&
Chicago City Ky
see C lucago isi
Columbus (O) st tty.. 100 101-, 03
Pi etell i-d
1 tio lOi’S 09
Colum ity etui 4»s .xerf 1*11 lla list
J 1* i 105
08
t 'rossp w ii 1 oi .i.-j *;
74
70
(iuiiii Itapnls Ky.... 100
8 1
ss
Prefer ted
loo
.
II l*i etci i oil
YUott M g 4 l-js '.•>;»
.Xrf* » hicago
J X J J l 10 8
Norlli t'htu st
IB Hi or
i ret
pay s a,
lO(>
lo.s
102
10 >
1 20
lag hi A Tract. 100 x 108
loo t 95
Preferred
113
mcr
9a
V
|
A-O
See Silk
K\ a A Kgl. 1th
j 10 7
100
lUnghumton Gas 5s 193sj4 96
Brookiy n'U moil Gas deb
1 20
l»s 1909 couv “07...M Sj
is,;
5
BiutaU* City Gas slock 100;
I
‘
1st 3s 19 47
Act* Stock ! Exch list
Consol Gas of N J ~
:
R3
1st 5s 1936
J J i 88
i Consumers' L 11 A Pow j
j
5s 1938
J l> i 10‘J
Kings Co. Ete.va-ted—
1st 4s 1949
See Stock
Niissuu Klee prof
UK*
( n t
j 100
108
50j
4
107
s
i
.
2 7a
12 4
l,A
Eluabeth Gas l t Co.. lOo
Essex .v. Hudson Gas lOo
Foil
.
si
11
10
3 j
7s *j
.sec
see (
or'd lot. f 4*neo per »u.
I Gas
Wayne 6s 192a .J-J.
A El Bergen Co.. loo
1 Grand Rapids Gas—
57
F-A 4102
;| Hudson t o uus
lOi
j 113 8
j luunuia Nat A III Uua —
1st 6s. 190s.
\l N j
ij
ii
l ndiauapotis Gas
.
,
1st g as 195"
' lack sou Gas as g '81
...3(
A i*;i
A
v‘:,
10(
tvaiisjis City Gas
to,1
lYU'Ciede Lias...
loo
Y Prefer red
U
N
! l.aiuy'eGas i si os*2 4
KogA Wab V 1st 6s'25.J 1
.
i
\l tUUaoii *<as (•
ruin jn wo.
1926
f'
7
Ferry Companies
Brooklyn Ferry stocklOo!
BA NY 1st 6s 1911. J -J I} 100
N Y A E R Ferry stk.loo
67
4108
4105
30
4
80
30
to
Railroad
Chic Peo A St L
j
33
92
Prior lien g 4 kja’JOM As
Con mtg g 5s 1930.JAJ
Income 5s 1930
Cine Subway
100
Ft W A lJeu Cy -til..100
Great Nortkeu Cre
see
N Y N 11 it Hartford—
Con deb 3 Hjs 1956. JAJ a 10
not
Nortu’u Securities Stubs 125
150
Penu. gu g Iv'o note.Nov 1 1907
MAN i 99 8
99
Pitts Bess A L E
50 f 32
36
Preferred
5u r 7u
75
20
it:
98
108
:u
25
1,
u
*
5
Graphopho com..lU(.
iOt
i o*
y
10
45
120
53
135
68
94
135
60
93
1.0
jo
28
76 4
9*-,
27
75 8.
li5
122
84
88
IS
21
55 : 65
j
7
! 52 4
4
Am ice Securities....
Transit
1!
lo*
N' Y Biscuit 6s ibii.Al-r
N Y" MtgeA Security. Ivh
I IK
YNew York L*ocx
Preferred
-.10*
N V itausporta*
-3
*.
.
Exch
stk 1 Exch
lix
Writing Paper. ItH.
{
V-S
98
'
4
*■
6
•
vi
.10*,
UK1
1
13's
78
55
9 7
i
*
,
’
8
j!
1 k
y?*
32 A
cl ^
LSt
j
S
!!
68
i
*
9
i -10 2
97^
15 7
570 '!
<( Royal Bak Pow*t pfer. Ivh ,
Saietv Car Heat A Lc Ilk *
list
Seneca Mi mug
list
25
42
>.uger .Mtg Co
Uk ,
6uudard Cordage
L .K*
.lvt{
1st M.g.5 s-’o t red.. A A
4
s
! ' Adjust. 51.5s. Apr 1.198 o
8 4 8-1
ijjStaudard.Coupler couiLvk j
I'reterreit
lot 1
U2 i- Standard Multug Co.itX-i
! 163
'; lOo
.75
300
li
5 4
13
lc>»
1st 5s L98e>
M N
65 >;
tamtaid
Oil
of
N
J..UkI
e listi!
Co See Bt>sfou St
145
1 Switt
1st 5*s L9 H*-1914
.J-J
13 4
130
3.0
j
175
108
ISO
1 l J
! 56 '*t
ji
L20
j
130
J
!
-8
IT',
9
„
1
1
t
1 7:*
y
8-33
E\l h'g«
.u5
1*92
os
i.
48 X
'
t
•
Y Texas A Pacute Coat UK
1
k
j
1st 6s 1903
a o5 1110
A-C'jiU'O
* 180
170
British *'ol v’oppor
10 k 10^ rule Ins Co of N Y ..U>c
If
v' t
t'oua pah Mm v N e v a da >. 1 r IS 1 19
Butte Coalition Mm.. 15
c* S
li
17
l reuU'U Potteries com Iwj
Caseiu Coot Am com.. 1 Or
5
^ J
.*
P ret erred uew
Pretoi i ed
UK
UK-j 90 1
>
48
130 j. Trow 1‘ueetory uew.. IcK'j
Casualty Co of Aiuer. luv
I. u.ou c'opper
8;
L 59
Cell.uUuvl Co
UK j
U ir
1
'
i
S9
2
9
tuou
Fv
l
15
16
Cent Fireworks com.UK ;
pewr com.. looi
i -C
1st
>135
Prefer re-vl
UK 1
J
proierred
Ilk
0?
l i
2d preferred
121
•> 8Ceutral Foundry... .UK j
8
*.*2
1 4
Preferred
Cmtcd Bk Notec
UK
17
^
Preferctd
35
7 l
l*eb 6s 1-919 op VIM \
i‘S
5*'|f
.*3
95
Stk b. \ Us* V C uited. egar M:g ,pL. >. vi
Central Leather
75
73
V
tuled
2cK*
UK'i
c’opper
UK
v'entuty Realty
Js >
99
Prelerred'
.'
UVt
13v»
i *0
v'tiesobivugh Mtg Co UK
'
V S. Casua.lv
lovi
Chio Pueutu "I'vK't. AVe Cfi ioa gu
4 0
t 3 Euve.opc com
UK*
U’3
UK’.
v'uy l uvesdug Co ...UK
104
L 10
Y Pteiei reo.
Uk* loo
YCtatlttu 44 B> v\*m.. :. UK J 10 4
EXCh
!
lh»4
V S Rub 2d in. Sea sleek
y5
Y 1st \>re'.evrtHl
UK
.
j
j
j
*
.
^
i
is
Prelerred
20 8
’
t
'■*
.90
...
-
'09. J - J
YBarney A Sm car
LtK
TI
Y Preferred
UK1 138
Y Bethi’ui Steel Corp .UK1 i. ,u;
Y Preferred
UK ! 1 u 0
1st ext l'A—Se* Stk Ex vhaug
Bliss Company com
5i 1 140
4’-j
125
;
k’2 ^
51
Exch
r
.
3
Prelerretl
5i i
Boud A M tg v« uar.... UK
Borden’s Corn! Milk.. UK I
v»
50
9 4
Public Serv Corp ot Va— i
1st m g 5»s J u.y l.*86 opt}
Kcaity Assoc 1, t-k,y u. lei '•
:.
,
.90
45
s3
O
IS
.10*
.10t
.
1
1 La
...
4 8
See Stock t
l'ypeto’rs com...UK
1
Nlptssiug A. into
2d prelerred
UK- 1
Steel Foundries—
At 6s 1935*
A.xC i 95
18 7 8 1 *2 8
American surety
5t
Is
45
1 38
40
r
cur.' us.
i Jo
:
K
-
L<. 2
UK
-
o.*0
102
LJ
‘
‘
Amer
r
1
f
.
,.
X
1
v> -3
5
1
.
la
1
Ja
list t'LltsOurg Brew'.ug.
Preferred
I.
U1 4 8 !
i*
LOO
:. 10*
J
1st yieterreu
45
lo*
2d preferred
10
;
Pratt a Wlntu pre:. D.*<
i
1
*• 4
\
^7
105
.70
j
.
.
o ~i
,
2 4
*■
’
>v>
103
95
17
5 X:
t
per..
....
stk
13
c 0
5 b
7*3
190
105
4 7*
64
2t ;F
..
Phoeuix St
Am Maiuug us 19 14.J D i
Amer Press Assoe’u.lou
Aiu Soda Fouu com..lOi. 1
1st preferred.
lv.K j
j
4 8.'
Nat Construc.plilK1
;j'!jMex
Mitchell M uuug
1 (.-;r
*'
42
"5
■
..
v
}
»
Ldvj
orp..coir
r
v
*
.
.
-
^
-
,
'
2d
prefet ie*l.
.
.
UK
...
Clamps' >'(AEu IKu.g UK
30
8a
l 10
Pretoi revt
.
v'l uoibie vtotv.
I've let roa
i\e«vslv»ox
...
X
1
d
6
80
v
t‘0
r
>
k
1
4
1
1
Uv
k
*•
S
.
l t
h
1.»
Uk
8
V
-'7 8
i
s
\ c
.
sice*. Coi'pec u:ou
C'cu H s ’- 9S 0 l Opt ’ V '.
1*1118 Hi
[112',
Cvi U 3 f -*s "l uof op?.
C S lit Gu.e ludem.'UK**
40
4 l
t lah Copper Co
lot
SV estcrests. 1
.c
t>K ax
\ 7}
Is 1
l if e .v Uort v* u.tr
00
69
7k
West 1 u lee
loc <
3
’
w'-S
v'
.V
E
st
.
11
.
..
b-
I
7 4
**2
v 7
.
.
i- 3
Colo luvlustnai. Sea sag a.
Co! A Hook Coal A-1 pt UK !
1st g 5>s 1915
J 5 i
v'ol tr 6s Cot U'oo.. J J i •
v'v*usv*lid v'ar Hoalup-g U**
v'ous Rv 1-tgw Ret tig UK !
U*(
Consol Rubber Cue
30
iitCv rigtila a Ex div
lu3
100
1vk'(
M.N;
YGeU. g. 4s-ix*-»0
*1 Manhattan
i
lOO
!
4 4
too
|V\ lOok
Preferred
lo5
j 185
9a
ilOO
109
37
75
]l
m3
125
UK
Debenture 4s U* • .v,W
v\*Us. SlotivV IValtetV a1-,
vc-' Meek
t'vi u Pt\Kl Ret
93
30
105
31
200
M-N I
2d 6s 1919
..lo*
LOu
Preferred
1st sf g 5s '19 op
20
65
93
97
14
28
70
r
Nevada CCU¬
All.s Chalmers Co 1st m |
s f 5s ’36opt’16 w i. J- j
jl Si
165
Auuiieau Book....
1 Oo
154
Amencau Brass
lo
.mencau Can com...ii> 1
d
l'relerreu
lOu i
4'-
PreRl
n\
48
loo
1
4s and 6s
2
lo*
Preferred
1st 6s 1948
J-D
faickawanha Steel...Hk j
„
Industrial and Jliscel ;
Aluueek .Mining
_5
Prelerred
Aun r Hardware
3
730
93
13 8
1st go. 1951.
A-O
lnteruat.oxiai Silver, lo* .
2 8 ! Mouuugahela K CoaL.oi
Preferred
...5*
lo*
99 1100
Exch list
9
Ill. C. stk.tr. cfs.ser. A’5‘2
Seaboard Air Liue—
Coll tr 5s 1907 op...M-S
eaboardCo
sVc) Bait
Aiu
|
T
1
1
Mauliatt Beach Co. lo*
jj Mauh
Bch HotelA Land.;
YRailroad Securities Co.-
Realty
31
61’*
jlOS't
65 j 70
lki
38 ! Lauston Monotype
26 I 13 8j 157*
lhi
3»*jj lawyers Mort iusut. 10*
ls9 i!91
97
j YLehA Wilkesb Coal.5* j
58
:j Lord A Taylor
iOv j 125 j 135
y
UK | 10O [LU31*
Preferred
39
40 cj
408jh.L«orLllarvl
tP) pref ...lo* j 130 j 150
j Mack tv Companies
See !Stk E x list
Stk **t x itst’i Madison Sq Garden.. 10* j
15 ! 25
pref.100
Deposited stock
Undeposited stock
Alliance
5%
23
22 8
j
i a
} 105
102
5k
1 f
1 82;- Ilngersoll-Raud com. UK
103
Y Preferred
10
72
luteruat’lBankmgColO*
Int’u’i Merc Marine.llh
SI
Preferred
...106
107
«)ol tr d 4 8i’22on’07A-C
110
futeruat’l Nickel ....iu» i
103
Preferred
10. j
85
InteruatioualSalt....lu* j
.
50
60
i
jj Usl 5s 191a
'
i
...
10 4
M -N
Bay State Gas
tir*pt A Lorimer si 1st t».-<
evv
list
200
OTUKK CITIES
IhI cons g 4s 1948..J-J
Brk C A N 5s 1939.J-J
KUUA Bus l si .is *2 U l1
stjk Exc
80
loo; 100
.......
75
"(OL
74
101
lth
Hackensack Water Co —
Ref g 4s 52 op 12...J-J
Hall Signal Co
10*
Havana Tobacco Co.. 10*
10*
Preferred
1st g 5s June 1 ’22.J-l’
Hecker-Jonea-Jew’l Mil.
M-s
1st 6s 1922
Her’g-Hail-Mar.ue w. lo*
iloboken Land A ImplO(
*
os 1910
M-N
Houston oil
10u*
Preferred
It'Oj
Hudson Realty..
lift'!
70
80
63
7*1
Prelerred
.10(
Lr uited Electric of N J lOo
4s 1949
J-D4
104
h Usl
..10oj
V Preferred
A
Cl El LAPowColUo
Amer
(N Y)stt. see
1st 5s 1930.
N Y A
42
75
77
70
GuggenheimExplo’n.lUtj 280
Electric Companies
Chicago Edison Co See C hicago list
*
L28
KiugsCo El LAPCo 100 125
99
Narragau (Prov) El Co 50 f
Prelerred
g*27.J A J ;i 101
^Standard Gas com
cCon
See stuck Kxohi hst
BklnCrosstn 5s 190S.J-J! 100
Bkn llgts 1st 5s 1941 A-O
B kl n cj Co A Sub see si k
Bklyu KapTiiUi Acostk
YConey Is. a Bklj n . loo
S3
102
Am
Couv deb 6s ctfs sveStki Exch
T Mutual Gas
UK*
165
New Amsterdam Gas—
1st consol 5s 1948..J-J } 97
N Y A East River Gas— !
1st 5s 1944
J-J j 4 103'
J-J IJ 98
Consol 5s 1945
N Y A Riohtnoud Gas. lOOj
38
Nor Uu 1st 5s 1927.M-Nli 100
4100
75
98
1 4
20
8
50
38
i;Greene Canauea (w i).2t jt
v,reeue Con Copper... H r
Greene Consol Goid... U ,1
(Ireene Gold-Silver.,..lbif
76*
^Southern A Atlantic 25
25:
j Y Preferred
jjGold Hill Copper
3
75
5
46
ltM
:...10*
Preferred.,
lth)
YHeueral Chemical ..lot
i
oa
75
-
YOKK
Ceut U u Gas 5s
} 102
i 100
i 10 l
3 i 5
4 105
os
latko St (( hoc) t' 1
♦nils v .">1 9s 10.‘-0
109
103
C4ns Securities
4 105
Exch
Allan Avo 5s 1909. .A-O 4 16 O
Con 5s g 1931
A-O 4 ll’O
B B A W E 5s 1933..A-O
Brooklyn City stock...lo 218
111 La
J-l
4s 1951
88
Uu
1(>’4
68
10
16
ij Federal Sugar, com.. UK*
110
......
42
43
t
76
7
Exch list
Exch ilst
40
39 8
85
8 5 8
85 8
25
29
75
1 Or
UK
SerSth
1 Preferred
Geu 4s 1934
Ij
BIlOOkLYN
o.i uau (
of St L—
Com vot ir etts
Ylst moll 5s 1909 M-N JlOO
Consol 5s 1948
F*A 4110
fiSlxth Avenue slock loo 170
Sou Boult'V 5s 1945..J-J i loo
N Wb‘g A Flat lstex lkj.s
btemxvuy 1st 6s 1922.J-J
1928
jj u luted liys
106
170
190
Ninth Avenue stock.loo
Second Avenue stuck 1,00
5s 1911
1 nt 4s 1 Vlfl
100
98
i 108
J-J } H'5
aoi
a 13
1914 opt A-O a 00
|j
2d Os'
list
j| So Sale El tChic)
See C tiicagv
106
!j Syracuse Rap Tr 5s 194u ; 10 a
IjTrent PA H5sl943J-l> ; lo l 104
Preferred, see Stock Ex'cua’g*
4*2% bonds. 8'C Stock
Exch
Lex Av A Puv F5s see si k Exc
1919...A-O
Third Avenue See Stock
Tarry W P A M 5s 1928
Y kwsSi K K 5s 1946A-U
28th A 29th Sts 1st 5s ’9(>
UTweuty-Th’d st stk loo
Union ity lsi5s 1942 F-A
WeetOhesl 1st 5s ’43 J J
115
i
5s
S3
.
71
118
M-N 1 70
1949
So J Gas El A True 101
$l8t iuort us 1910 .Al-Sj *02
V2d iucoiuo Os 1915
Inter boro-M et ropolitan— j
Common. 8»e Slock Ex cha'gt
So Fer 1st 5s
......
35
J C Hob A Paterson 10i
Col& 9th Ave 5s See Stock
Dry 1) E B A li—
V 1st gold 5s 1932...J-l
F-A
YScrip 5s 1914
Eighth Avenue sik.,10t
YScrip 6s 1914
F-A
Y 42(1 A G r St F’y si k.. 10(
42(1 St M A SI N AV..100
Ask
100
6J
Bid
95
G5
1 Empire Steel
Ljj Preferred
lt*3
45
Y Union Ferry stock .106
Ylst 5s 1920
M-N
64,000
62.500
27,301
i
10 4
6
1 *
82
loo
10‘..lot
Preleri eit
Electric Vehicle
l’relerreu
i
4
35
115
12-J
$15,000
9,441
11,060
6,975
28,012
47,349
$6,000
18,0( 0
23,000
22,800
15,814
26,79a
16,339
43.S33
Saturday
Monday
Tuesday
Total
Philadelphia
Boston
Co.Uki! 12l
j
1st 5s 1922
51-N
N Y A Hob con 5s ’46. J - D
Hob Fy 1st 5s 1946 M-N
N Y A N J 2d 5s 1946. J-J
10th A 23d Sts Ferry 100
1st iuort 5s 1919...J-l*
EXCHANGES
Kli* Diamond .Match
;
YN Y&NJ Teleplr...iUt»all4
1iNorthwestern Teleg. 5i | 116
Pacitio A Atlautio
January 1 to Jan 25
160
j
Ask
But
,
Cuban Os of 1896
ilDonnmouCopper(uew) lei
I Douirlas Copper
5 r
ij Electric Boat
1(H>.
j
!
lOo
Franklin
1001
Y Gold A Stock
Hudson RiverTeleph 100:
453.500
1,437,51*0
Jan 25
1907
Exchange
151.500
91
j
I
TiAmerTelegA Cable 10(
S3
^Central A So Amer. 10oj lou
Coramer U n Tel (N Y).25j 114
Emp A Bay State Tel lUOi
75
$69,000
203,000
$1,511,000
97,474.1-00
4.841,529 $4 IQ,223,035'
Total
V S
Bonds
State
Bonds
Telegr vfc Telephone
$92.005,70d!
J, 062,93 2
1,214,285
782,050
622,197
510,256
619,809
flaturday
j
Industrial and .Uiscei
ASK
i
.
EXCHANGE
THE NEW YORK STOCK
AT
'i'KANSA(JTIONS
Bid
1944.Q-J 4130
Newark Consol Gas., loo
90
YCon g 5s 1948
J-D 105
No Hudson L li A Pow—!
'
5s 1938
A-<> 4105
YO A 1 ml C Nat A ill.lOOj
1st 6s 1926
J-l*
'.9
Pat A Pas Gas A EleciOOi
68
Y Congas 1949
M-814 lull
St Joseph Gas 5s 1937. J-J 4 84
Newark Gas 6s
8
-:
St
.
fdiug'i ic Biaie .9*.
V XV csl b. ice .c M tg- •
Cou si 9v sea Slivi E\c r
-st
XV l to Euob M u
U’i
Ni
\
5 %
Pteictievl
U*(
4
XX ot th’.u 4 i'uujy pre.. tK’i 115
H .9
,
-L*
a 8
79
'jSvKU i>a S.'i siv.' v. ,ui xk
.
*
* vo:
.
..
.
.
•
o ioeana
BOSTON' STOCK EIOHWK-Stock Heyord.
share I'ricen—Not Per Centum Price*
Saturday
Jan 19
102 7n
Tuesday
Wednesday
Ja n dl
Jan 22
Thursday
Jan 13
Jan 14
104
1ul»
*230
i O'J
•lot)
152
101 »» 104 S
*
3
160
1*250
j * 160
*
300
i'
*220
25%
*
j
7b H
2y
*
-4
*
......
800
2y H
17
US
>
*230
160
*2 j
*
162
25H
76
120
*
!
2 *9 s 300
21> ^4
105% 1053 b
I004 101
235
'151
161
i*3*-0
j
66
8(1
78
*
160
26
76
26.
7b
Last Salt
1
120
133 H
*105
*
*
91
133
*105
91
19
*08%
20
20
68
69
2 5 ’4
"74*4
91
198
•19
1 9
70
25 H
68
6 «
1
lb5
*24 u
25
J «3
i85
\|
199
108
199
19J
198
Hi
161
230
i •> 1
,| 309
3. 0
j
94
loo
94
loo
91
91A
11%
19
3o
30
25
1*1
12
130
129
33
198
......
9
157
168
09-
185
i'
198
| Last Sale
198
*
95
100
45
23 Hi
2 4'*4
9 4
94
1.-.0 Hi i31
D-8
i 22 b
127*4 168
100 Hi 101
loos lol
8'4
50
51
8
33
*2-8
1 y 7% 15 a
;>
<
33S
161O S lOU 7e
8%
230
229
•% 16 i S
1 6 1
2
92 I
5t
91
12
31
30 4
Ga
Do
oref
4
.
1*8
17
193 1.7
t
lOti!
2;>. 1
Do
pref
100
Mexican Central.....100
|N Y N il .fe Hart....10(»
Northern X 11
100!
!
*110
*84
229
161 *4
66
*
.....
,
4
;
.
100
lot
5i
Seattle Electric
10(
Do
pref
Union Pacific
Do
pref
Venmint
Mass
West End St
Do
10(
pref
Do
pref
.
lot
lot
lot
51
5(
147
Atner Agricul Chein.tOt
I)o
pref
10(
Amer
Pueu Serv
50
12*4
Do
^0 4
pref
50
800
136
.
2,168
8*8
AmerSugar Befln....l00
Do
pref
100
32 H
131
128
Amer Telep & Teleg.lOO
Amt : Woolen
30
100
Do
101
pref
100
4
Tun ’o7
110
11(1', Cumberl Telep & Tel lOo
sa le J-4 6
Jau’07 Dominion Iron A Si.....
8 4
9
9
East Boston Land
229
♦225
Edison Elec Ilium. ..loti
229
i62
General Electric
loo
66 S.
65%
604 Mass’cbuset tsGast loslOo
85 *4
85 >8
Do
85 4
pref
low
‘200
203
203
Mergenthaler Lino.JOu
U
5
5
Mexican Telephone., lb
57
56 S
X E Cotton Yarn....lt’O
57
Do
88
160
pref
*120
123
N E Telephone
123
100
i %
J 5
32 Si
1
30
3634
5%
60
*
•
80
%
37 s
177
177
935
940
38 % 38 H
•52
-52
93%
05 %
19
19
135
110
Jan
Jail
3
Jan
Jan
Jan
198
Jan 11
8
4
5
114%
5 2
69
37
1-20
9 40
*
1
1
y
*
2
16
33 *4
13s
*
1 *4
i :i >,
2
15*4
103b
32S 33
•75
*75
30% 306
5
31
37%
ISO
9 y0
40
2
97
^5%
54
6*8
65
67
68 Si
16 6 Jll4% 115%
y'4
66 4
15 *4 i
50
50 4
Xov’UU
5 4
64 4
H-%
50 4
51
-
38
30
’o 1
95
1 (*J
5 *,
s
13%
•.
%
30
5 *4
60
69
114 % 116
50 s 53
s
1 \J
13S
•
13«
.
US
2
1 b 7«
32 s
15 4
32 4
*-7u
-80
184
iby
9.0
945
40 S 41S
•50
*52
95
97
19
19
1 >>4
950
41
•5u
......
......
32 4
••7u
184
30
37
184
960
41 S
’51
9> 0
40
*50
37 4
4'14%
*1%
17%
oo^
37-v
30
3V%
13
12*4
14
16
2
19 S
39
33
-so
......
31
31%
37S
s
30%
180
9-0
184
i*00
39
40 S
-51
93%
95*4
93S
19
2 u *v
94%
19
20
3%
«■> %
3 S
25 *4 25 S
135
135
2 3 Si 3o34
3%
25U
135
30 Hi
30%
31%
32 H
8=4
1 %
......
•30
92%
*94
3 Hi
3 *2 6 :,4 26%
j:'0
i3o
30*4 30
4 J4
5 *4
Last Sale il 4
3 *4
3
3 4
......
3 ‘4
3 *4
25*4
25%
130
30-
25 % 25%
131
131
30 4
1 \
Last Salt
30 4 33%
154
3U%
'
8 *<
1 Hi
13
21
3 2*4
8 %
1 %
14
2 1 Hi
13%
%
1%
l7b
10 S
1114 1 13
2
53
53'a
53
159
51
"l
j
127
il%|
6
a
22%
150
!
03
j
151
6
2.1*9
24
160
14 S
‘-2S
93
;n
‘18S
1
1J 4
119
1
s
1
14*4
2iS
22
22
91
s
92
92
1 'm
1
‘b
;t
18S
115
11 4 *4
6
2 1
16U
121
i 2
S
*8
160
1
.
.
6
23 4
34%
08 %
71
72
38
<2*8
38 v
<3
3b 4
7w*4
70%
*J 0 %
4 7 S
12
7;.%
12 %
1 Hi
H%
12 S
190
3%
i
190
3V
3
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ay
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Jan
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23
75
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28 4
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198
53
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65
95
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v
Jan
Jau
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Jan 15 147
Jan
26
Do
pref
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u »1
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Jan
33
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Jan
Mar
Apr
Jan
Jaa
Jaa
Jan
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8
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21%
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5%
9 *4 J an 3
2.30
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162
Jan 2. 1..7
Caiumet As Ariz
Calumet ds Hecla....
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Cons Mercur Gold...
It25
25
6
Copper Range Con ColOO
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i44
9
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4
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80
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u
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an
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8
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25
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21
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26
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2
184
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6
113
15
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2
25
55
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55
25
164
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25
314
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25
il
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25
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26
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loo
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15
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pref.
low
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day.
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7
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23
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79
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15
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8
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14
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31 *4 Jan 2
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T
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2
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53
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1.88V 177
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7
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9
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an
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178
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92
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1
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i 60
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Torrinfiton Class A.. 25
20
26
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Dec’06
pref
25
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5
5
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ti
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6
Union Cop L’d Jfc Mg. 25 6,210
6%
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106
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107
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H*o 4 United Fruit
100
627
62 n 63
63
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pref
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131
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91
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93
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07
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92
108
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Daily. Weekly and Yearly
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.Mar
43
Mai
53 *4 J’ne
u % N
0v
4
J’ly
31
J an
•70
J’ly
52
Jan
2w %
Dec
73
Fell
Feb
11
14% Mai
06
Jan
47% Sep
69% Jan
9% Mai
13% Oct
90
Deo
2% De<
Ex-.liv. A rights
lit IN lib.
BON 1>S
BOSTON STOCK KXCH’G h
Week e.nc.mj Jax 25
IS-ice
1 rid ay
B’eek-’s
Range
Range or
Year
Jan 25
Last Sal*
Ask Low
High
98
9b i*
87
bT 4
11*7 4 Xov’UO
104
Alar’t 6
*
00
10u3^
10036 101
92
Jan’O,
92
J’ly 1995.
Light 1st 68.190s
Boston Elect
Consol 5s
Boston A Lowell 4s
4s
7
Boston tfc .Maine 4 4*-Boston Terminal 1st 3
Bur A Mo Liv ex 6s
4S.1947
191b
191b
il9l0
Non-exempt t>s
Sinking !imu 4s
Butte & Boston 1st 6s
1917
Cedar Hap <te Mo H 1st 7s. 1916
1909
2d 7s
Cent. Vernu 1st g 4s.. Mayl92u
C B <fe v* Iowa Div 1st 5s. 1919
Iowa Div 1st 4s
1919
1913
Debenture 5s.
Denver Kxteu 4s
1922
Nebraska Exten 48
1927
B Jfc S W s t 4s
1921
Illinois Div 6 4s
1949
Joint bonds See Gt Northern
Chic J o By & Stk Yds 58.1915
Coll trust retunding g 481940
Ch Mil A St P Dub D 6s.. 1920
Oh M A St P Wis V div 681920
Chic A No Mich let gu 58.1931
Chic A W Mich gen 5s....1921
Concord A Alout con3 4a.. 1920
Conn A Pass R 1st g 4s... 1943
Current River 1st 5s
1927
DetGr Hap A W let 4s... 1946
Dominion Coal 1st s f 5a..1940
99
101
"914
98
101
1014 Sale
100
122
126
103
'.
1915
1927
Fremt Elk A Mo V 1st 6a..1933
4s
4s
Unstamped 1st 6a
1933
UBifey coil tr 4a 1921
Registered 4s
1921
Sale
95
91 4
Gt Nor
iu7 4 ill"4
* "*994
123 4 1234
"89** *9(3"
New
ioo" ioi"
118 4 1
1024 105 4
97 4 99-4
Feb’05
101
105
1014 1014
Too** ioo"
97
101
90
98
99 4 102 4
1344 137 4
'
*96 4 1*0*14
964 1014
Noth—Buyer pay* accrued Interest In addition to the purchase price
* No price
for all Boston Bonds.
101 4
122 4
! •<> 1.
100
106
123H
99 4
94
1044
4'
Jail ’i>7
sep 'oo
Xov’UO
101
102
115
Sep ’0,1
*04
.vl n\
87
814
■
28
}5
.
Jan ’07
8 4 3*
Or t
26 4
Aug ’05
994
......
102 4 Aug’04
9, <4
994
100
Oct ’06
97
100
101 4
1014 1014
Sep ’06
iiii'C iiii \
98
984
103 4 109
*9*9*4 i oi)*"
102
Jan’07
"oo" ioo 4
99
96
112 4
11004
100 4 1024
102V1034
102 41024
1004 1024
Jan’07
105
199
H96
1199
411044
11504155
11504 Apr’06
10641104 110
103
103
994 Nov’06
002
107
104
103
103
107 4 Nov’05
Mai’02
102
98 4 May’06
104
Oct ’0.
102
Dec’O '.
i "004 Sale*
1014,
IOO3* 101V
r,r:i4 Alar’OO
103
10b1*
IOO3* Oct ’00
1004 Jan ’07
1102‘h Jan ’05
Rutland 1st coil geu 4 4s. 1941
Iiutland-Canadian 1st 4«1949
Savannah Klee 1st cons 58.1952
Seattle Elec 1st g 5s
1930
1929
Terre Haute Elec g 5a
Torrington 1st g 5s
1918
Union Pac RR tfc 1 gr g 4a. 1947
1st lieu conv 4a
1911
United Fruit conv gen 5a. 1911
U S Steel Corp 10-60yr 5s. 1963
West End Street Ry 4a....1915
Gold 4 4s
1914
Gold debenture 4a..
1916
Gold 4s
191
Western Teleph A Tel 5a. 1932
Wisconsin Cent 1st gen 4sl949
Wisconsin Valley 1st 7a.. 1909
10*3** 10*3 *'
Aug’06
High
1014
Low
100
100
Dec’06
F-A
Repub Valley 1st a 1 6s... 1919 J-J
1034 107
97
994,
122
124V
Apr’06
0
1946j J-D
94 4
90 4
12
-
91
6s
1908
5a
1
1915
New Elia land cons g 5s... 1945
Boston Term 1st 4s..... 1939
Old Colony gold Is
1924
Orog lty A Nav con g 4s..
Dreg Sh lane 1st g 6s
19221
102 4 104
99
100 4
AC
ioo7, Oct ’()6
10010)
Xov’O'i
Jan ’07
N ov ’66
Jan ’07
Dec ’<>■>
1907
Eng Teleph 6s
liiyh
ASK Low
,
Assented meome 5s
1934IM-S
Kan C A M Hy A Hr 1st
Kail C St J o A C B 1st 7s..l9t>7, j - J
Maine Cent cons 1st 7s... 1912: A-O
Cons 1st 4s
1912 A-0
Mara Hough & Out 1st 6s. 1925
Mexican Central cons 4s.. 1911
1st cons me 3s
Din 1939
2d cons inc 3s
Jan 1939
Mich Teleplst 5s
....1917
Aliune Gen Elec con g 5s 1929
New Eng Cot Yarn 5a....1929
114
aaie
Last,
V. V. Y. ioi
5s1929|a-0
99
M eck’s
Range or
.
Kan C Ft S A Gull 1 st 7s..l908j j -I)!
Kan C Ft Scott A Al 68
19*28 M-X
Kan CM A B gen 4s..
1934 M-S
1014
101
114
Nov’06
104
90
90
100
Jan ’07
103 4 Sep ’05
103 4 Apr’05
1004 Oct ’06
1343< Nov’06
140
Apr’05
95 4
95 4
Jan
’07
90
101
90
95
8S34
1014
994 HOJ 4
92 • 'a 97
1014
1014
1014 J’ne’06
1124 Jan ’03
190b
Fitchburg 5s
104
101
Nov’Oti
101
104
95
100
S934
^185 4
Feb’04
110
104 4 Apr’00
101 * Sep ’06
Ai ar’uO
114
112 4 Jan ’03
Dee’00
10b
102
Sep ’05
993a Oct ’06
J’ne’01
100
123 4 Nov’06
111 4 J’ly’05
86 4
b6 *2
Ai ay’t'5
109
101
Ang’06
102 4 J’ly’06
994 Dec ’06
102 4 J’ne’06
98 4 Dec’OOi
91 4
yi^
1924
1907
191 0
E944
1910
Non-convert deben 5s... 1913
la Falls A Sioux (.'1st 7s.. 1917
Kan C Clin A Spr 1st 5s... 1925
Illinois Steel delten 5a
Kangs
Year
7 906
b5
JYIC--
Brian u
Jan Jo
But
High
97 4 100
98i* Sale
fe7 4 Sal©
Adjustment g 4s
BOSTON STv *(_' K EXCH’GK
*Wkkk ExiMMi Jax 25
lyos
Low
Bid
Am Bell Telephone 4s
190s
Am Telep A Tel eoLl tr 4s. 1929
Am Writ Paper 1st s 1 5s ix 1919
A tell A Nebraska 1st 7e..1908
A tell Tod tfc S E'e .am g 4s.. 1995
-
•213
Boston Bond Record.
Jan. 20 1007.1
100 4
100 k.
102
Jan’uT
1024 Jan 06
100 4 HH‘4 Jan’07
96
96
97
103 4
99
1:94 4 Sep ’05
1094 Aug’05
Friday; latest bid and asked.
1, Flat price.
Philadelphia and Baltimore Stock Exchanges—Stock Record, Daily, Weekly, Yearly
Share Prices—Not Per Centum Prices
Saturday
Jan 19
H
Tuesday
Jan 22
Monday
Jan J1
1
ednesaay
Jan J3
frtaay
hursday
Jan 21
Jan 25
ACTIVE HTOCHLS
Sales
(Tor Bonds and Inactive
Stocks see below)
Week
Shares
Range lor Year
Range for Previous
19U6
Year(1905)
Lowest
Highest
lowest
Highest
Baltimore
96 4
22
95
*214
95*4
22
214
904
214
95 4
97
214
214
954
*214
97
22 4
95 b1
*21^
75
45 34
*13
*
*47
*13
*47
13
13
60 4
45 \
*50>,
5 0\
45
104
74
107e
35 4
15-4
3434
453*
10 V
74
344
13 4
*50
434
104
*7
*344
16
1004 102
74‘*
24
66 7s
4 7
204
4
22
633ie 644
'46
47
584
92
•28 4
92 4
29 4
*.(3
13 4
50*
503*
*504
504
454
404
i 04
74
45
4t» 'b
10 4
7
36 4
15 4
60 4
40 4
104
47 ‘v
10 4
*0,4
64
10*8
*63*
*35
15
67%
92 \
*-8 4
8
23
'
4
*7
*35
3d 4
*
7 7a
22 4
633«
45
*41 4
47
*45 -i
59 4
93 4
*28
69 4
93 4
29 4
Bid
PLi 11.A1IE 1.1*11 i A
71&18
71Bia
pref....5b
If)
100
50
Cambria Iron
50
Central Coal A Cokc.100
Consol Trac of N J.. .100
Diamond State Steel.. 10
Preterred
lo
Easton Con Electric 6.50
Elec Storage Butt....100
Preferred
l()u
Ft Wayne &W V
100
60
Germantown Pass
Aiueneau Cement
Amer Gaa of N J
Bell Telei/houe
Indianapolis St
45
47
60*8
934
29
Ask
9
9
614
52 4
49
48
Bonds
Al Val E ext 7a 1910 A-O
Alt & LVElec 4 4S’33.F-A
AmRyscouvoa 1911. J-D
Atl city 1st 5a g ’141. M-N
Balls Per 1st 5s 1926.J-l>
:
i
__
24 4
9
Eq 11 Gas-L 1st g 5a 192b
1
H tfc B Top con 5s ’25 A-G
i Indianapolis Ry 4s. 1933
Geu M 4 4s g. 19*24.(J-F
Leh V U 1st os g ’33..J-J
Leli V ext 4s 1st 1948.J-I>
2d 7s 1910
M-S
Consol 6s 1923
J-D
"l5s
lo
......
Minelnllifc
N Haven Iron A
2
Steel.5
Northern Central
5o
North Pennsylvania..50
Pennsylvania Salt
50
Pennsylvania Steel.. 100
Preterred
loo
Phila Co (Pitta) pref...50
Phil German A Norris.50
Phila Traction
Preterred
.....
......
......
......
61
46
1
!)ti
G \
50
lo
10
18 4
Tonopah Alining of Nevl
Union Tr <d lnd
loo
United X J RR A C.. loo
Unit Trac Pitts prel..5o
WarWicu Iron A steel. It
W e s t J e 1 sey A S u s h. 5 0
Westmoreland < ’on!
5o
Wilkes das k Eie>*..iOo
Bnl and asked
prices;
63
3
......
Railways General
lo
Susqueh Iron A Steel..5
Tidewater Steel.
1 6
59
J -D
Annuity’ 6s
Gen cons 4s 2003.M-N
Leh V i’ruu eon 4s'3 »J-i>
New Con Gas 5s 1948 J-D
109
Newark Pass eon 5s 1930
X Y Ph ,fc No 1st Is ’39 J -J
Income 4s 1939....M-N
4 i 4 i
Not MuoTrac con5s’l'*.j .j
964 Penn yen 6s r 19lo.. Var
Consol os 1 1919... Var
67f<
7«i' Penn A Aid Steel con 6s.
Pa tfc X Y Can os ’39. A G
‘4
i
Con 4s 1939
A-O
Penn Steel 1 st os ’17 M-N
18 4
!
People’s Tr tr certs 4s ’43
Co 1M tfc col tr
os’49 M-S
CeiKfc coitrJs 1951.M-N
1
84 Plot Elec void trust cits.
'Trust cert its Is
j
I
P tfc E een Al 5 g’20.A-o
i
Gen M 4s e 1920..A Ao
i
49
8B.
:
no
_
Lake
sales un this dav,
*, Ex-rights.
100
pret tr ctfs
7.312
50
257
50
25 3,968.
50 33,302
50 63,012
50
50
Do
1st pref
2d pi of
Do
U nion Traoton
United Gas lmpt
....
......
5,851
8,063
50
50
Ph A Read 2d 5s
Con AL 7s 1911
’33.A-G!
103
119
Portland Ry 1st 5a 1930.
Koch Rytfc L con 5s ’54 J -J
U Trac lud gen 5s’19. J -J
U11 liys Tr cits 4s’49JifcJ
United Kys 111 v 1st coll tr
s f
s 1926
M-N
U Trac Pit gen 5a ’97 J-J
Welshach s t 5a 1930.J-D
Wlka-B Gtfc E con58’55 J-J
1 19 4
1087h
105*4
......
......
itoti"
.
......
......
96 4
106 4
......
.
120
loo 4
i 00
84
68*4
.....
110
105’4 106
97
Canton Co
Cons Cot Duck
100
97 4
10934
Bonds
Anaeostia tfc Pot 5s
All A- (’ll 1st ,... 1 907 J-J
V Atlan C L KRIst952M-S
1 All' oast L.CHCtlses J-D
Cits of luilebl 4s
J-J
1
...
-
......
: 0.
1
•
-
..
I
102
i
99
iiii
107 4
102
102
99j4
69 g
!
•
i
90
Mi
70
i
1
...J
...
|| .*>7.50 paid.
.
1
5-20 yr4s 1925
J-J
Balt C Pass 1st 5s’11 M-N
Bait Funtlg 5s. 1916 M-N
Exchange 3 4s .1930 J -J
Balt tfc l* 1st 6s ini’ll A-G
Bait True 1st 5.S./29 M-N
No Ball Divas 19 12 J-D
( tinvertdile 5s.’06 M-N
l'ent’1 Kycon5sl932 M N
Ext tfc Imp
’ >15 paid.
5s. 1932 M S
* $10 uanl.
83
8
l
Jan 23
47i6i# Jau 23
Jan 23
7d
GaSOite Fla 1st 5s
Bid
1945J-J
90
Kuoxv Trac 1st 5s”28A-u
laikeR Kl 1st gu5a’42AI-8
M e t s t(, Was h) l a 15 a ’ 2 5 F A
Mt Ver Cot Duck 1st 5s.
Incomes
N pt N tfcG P 1 st 5s’38 M -N
92
124 4
310
315
90
91
12
13
33 4
34
100
>4
7 4
82
Y
163
103 4
'4
1
9b “«
1 07
109
88 *4 90
89
90
lo3 4 10 4-4
1 10 4 1 1 l
102
103 4
IO
>
II J
115
1 15
116
....
1 10’
110
s»J0 paul.
ill
4
5s 1951 Al-N
General 5s
1941 M 8
Norfolk St 1st 5s’44..J-J
North Cent 4 4s 1925 A-O
Senes A 5s 19’26
J-J
J-J
Series B 5s 19*26
Pitt Uu True 5s 1997.J-J
Poto Val 1st os 1941..J-J
Sav Fla<fc West 6s’34 A-G
Seaboard A L Is 1950 A-G
Scab tfc Roan 6s 1926.J-J
South Bound 1st 5s..A G
U El late P 1st 4 4«'29 AI N
Itu Rv A- El 1 st 4s '49 M-S
Income 4s 1949
J-D
Va Mid 1st 6s 1906..M-S
2d senes 6s 1911...M-S
3d series 6s 1916..M-S
Ph ser 3-4-5s 1921.A1-S
5tli seri'-s 5s 1920. M-b
Va (State; 3s new ’32.J-J
Fund debt ’2-3s 1991. J-J
West N C con 6s 1914 J -J
Wes Va Ctfc i* 1st Og'l 1 J J
Wil tfc Weld 5s.. 1935. J -J
t Receipts.
12 b,
Apr
174 Jan $36 Apr
39"g Jan 71 l;4a Not
45
May 47 *8 Aug
G-B-8 Brew 3-4s 1951M-8
7 80
55 4 Not
Not
Get
42
Jau
.>04
63 '4
58 4 Mar
90
J'ue 125 V
20
Feb 31
Aug2»
Feb 15
Mar 1
income
737* Auf
J’ue
100
-!
......
93i8 Get 11
53 1 ‘4 Jau 21
”29 J-J
Georgia P 1st 6s...”22 J-J
110
5-4 Jan
2 -a Dec
Jan 10
TS'iie Jan 22 U5i3ie May
a54 ^ Alar26
40J« Jan
UaCart&N 1 at 5s g
2d
Corp...50
Preterred
*....50
Georgia 8ou tfc Fla. ..100
1st prof
10()
2d pref
100
G-B-8 Brewing
IOO
Jan 19
J’ue 8
89
BALTI.UOICE
lnnctive Stocks
Ala Ceus Coaltfc lion. 100
Prof
100
Atlanta tfc Charlotte., loo
AtlanCoast Line RR.loo
Atlan Coast L iCouu)100
......
Jan 15
544 Apr
De«
32
l -ja* Feb
17 4 Jan
8 4 • tec
19
Jan
36
Nov
25 4 Alar
14 4 -May
123
loo 4 J’ly
4 Not
90 4 Not
52 4 Jan
1 CJiaa Ry (i tfc El 5s ’99 M s
fc’harl C tfc A ext 5s.'09 J -J
2d 7s
1910 A-G
City tfc Sub 1st 5s..’22 J -Di
City tfc bub( Was) 1st 5s’48
Coal tfc I Ry 1st 5s’20F-A
ColtfcGrnv lst6s.l916J-J
Consol Gas 6s... 1910 J-D
1939 J-D
5s
Gatfc Ala 1st con 5a ’45J-J
lUo *»•
i 4
Jan 4
Jan 19
Jan
j ChasCity Ry 1st 5s’23 J-J
-----
1
48
244 May
10 4 Jau
BALTI.UOKK
Ask
884
83
99
127e Nov20
14
48
51
6i
101
Dec2. 32
J-D
P W tfc B col tr 4s ’21. J -J
......
7
61*8 J'ly 3
47
Apr 20
6 4 Dec 7
cl9 4 Dec3i
56 4 May 3
434, Apr lo
447e .May 2
58 4 Dec 18
1i8l 4 MayiO
Bid
1911....J-D!
Ex Imp M 4s g ’47.A-G
Terminal 6s gl94l.(J-F
.....
Dec
26
PHILADELPHIA
......
31
...100
Wclsbach Co
Ma> 90
Apr
May 1 lO3* S«P
De«
34
214 J an
91 4 Not
Alai
83
64
De#
47 7* Jau
18
Mar
12 4 Apr
J’ueJO
5 4
Jan 27
39 4 NovJO
80 '
144 Nov‘26 23;1*
Dec21 118
158 100
M ay 2 86
5,098 65
0,8 Get b 315ic
1,290
Superior Corp....l00
Pennsylvania RR
Pluludelp’aCo (Pittsb).
Philadelphia Electnct.
Phila Rapid Transitc..
Reading
1
92
3 1114 Dec 11
Jan 17
Dec 24 32
Sep 20 914 Alar30
Dec 22 624Jan 5
Jan 15
Dec27 19
J’ly
504 Sep lo
304 Jan 5
Ji
May 9
6
Nov 28
29
Con M Gag
100
100 4
:
1 P
48
13
2
Lemgli 0 A Nav tr etfs. 50
Lehigh Valley
50
Marsden Co
100
i» 5”
i
22
85
300
89
Asphalt tr ctfs ....100
Do
110
109
Lehigh Nav 44s ’14.G-J
Rita 4s g
1914.(J-F
9 4
ben
Ask
Interstate 4s 1943 ..F-A
22
-5
50
50
Schuyl 11..60
Me 1st 5s 1949 J -J
!
135
Keystone Watch Case. 100
Lit Brothers
Little Schuylkill
Bergdc EBrvv lat 6s’21 J -J
Betide Steel 6s 199S.Q-F
Ch Gk A G gen 5s ’19 J -J
Col St Ry lat con 5s 1932
Con Trac 01 N J 1st 5a.’33
E tfc A lat Al 5a 1920 M-N
Elec A Peo Tr stk tr ctt»>
"oo" "0*9"
8
Bid
■
225
10
5u
J’ne 7
82
97
1,065
50 I7,6b0
474 Cambria Steel
10*8 Electric Co of America 10 3,1 So
*
PH lliAIIELPIil A
110 j Choc
Keyatone Telephone ,.5()
4
75 4
"ii V
8
American
30
35 ^
15
154
*144 15
*100 4 102
100 4 102
*74 4 ‘ # 4
744 74 4
2 4
24
2^
28«
61 Jia 67*8
67*4 61 7fc
4
46
6
*40
464
8
8
8
71&i*
20 4 214
213* 22\
63 4 6 l”ie
64 4 64;4
45
*44 4 45
44 4
47
*45
*45 -j 47
58 4 59
684 59
93 4
92
4
93-4 934
30
29
*28
*28
*34 4
*
Philadelphia
Railways....
51
51
46 4
10 4
8
36
50*4
j
1
loo
100
Indiana Union Tr
Insurance Co ol N A..10
Inter Sm l’ow A Cliem.oO
Preterred
41
23
034 6 4yia
4;*
*44 4
*
45 4 47
59 4
69
93 4 94
29 4
*28
i>-'34
24
04 4
Inactive .stocks
Allegheny Val
78
10^
*
62i‘ie S4uie
•44 4
*45
•574
464
13
40 w,
13 4
•454
*
144
154
♦100 -J 102
>1004 1d2
74 4 10
75s8
7434 75 4
24
2 *4
24
24
2 4
6r°H
07ria 6715ia
67^ 08
4 6 b, 464
47 4
46 4 474
7»1«
8
21
74
'45 4
134
*13
15
15
*luO 4102
664 673re
•47
474
47
46l*
*7
744
734
*44
*45
95
97
22
Consolidated Gas
100
50
90 4 Northern Central
22
seaboard (new)
100
Do
1st pref
80
100
Do
2d pref
4 5'4
100
13 4 United Ry A Electric.. 50
> ?25 paid.
Aur
Not
Ask
100
93 4 95
115
116
no
108*4
i
if 8*4
li>4
1044
104 4 105 »•
110
112
103 4 104
109 4 1 lb
108
108
1084
108 4
118
118*4
109'* 1104
57
57 4
29
30
106
114
117
113
63
83 4
■
95
105
168
107
113
113
-
-
-
-
-»•
LOO
1 10
10'J
llo
113
113
>.
115 4
81 4
81*4
no
it-9
III
92 4
937*
894
08
90
58’4
\
...
109
.
.
.^*4t
„
-
-
11)7
U)7
no
Li
dii K.
94
108
l 10
1 4
95
'5
1014 1054
111
1154
c S30 paid.
[VOL. LXXXIV.
THE CHRONICLE
214
uuestment ami JEailroad
RAILROAD
GROSS
lutellicvcuce.
EARNINGS.
The following table shows the gross earnings of every STEAM railroad from which regular weekly or monthly returns
be obtained.
The first two columns of figures give the gross earnings for the latest week or-month, and the last two
columns the earnings for the period from July 1 to and including such latest week or month.
We add a supplementary
statement to show the fiscal year totals of those roads whose fiscal year does not begin with July, but covers some other
can
The returns of the street railways are brought together separately on a subsequent page.
period.
—Sec
Ala N O A Tex !Jac
N O A N East
Ala A Vicksburg.
Previous
Current
Year.
Week or
Month.
HOADS.
Year.
lJrcvlous
Year.
$
$
$
$
Sout hern Rail way.
300,327
257,184
137,966
153,848
153,740
127,913
4,069
3,934
7,916,483 7,142,316
378,469
373,844
Atlan Birin A Atl'c.
81,391
130,121
Atlantic Coast Line
2,259,375 2,115,770
Baltimore A Ohio..
6,720,001 6,450,520
287,062
188,628
Bangor & Aroostook
Bellefonte Central.
5,197
5,086
3,512
3,947
Bridgeton A Saco R
Bull Koch A Pitts..
160,023
138,727
BulTalo & Susq
131,926
153,916
Cal Northwestern
119,241
128,863
Canadian Northern
85,900
81,300
Canadian Pacllic..
923,000 1,009,000
Central of Georgia..
247,400
205,600
Central of N Jersey.
2,229,742 2,118,194
Chattan Southern..
3,319
2,658
2,111,236 2,033,482
Chesapeake A Ohio.
Chesterfield A Lam November.
3,404
4,320
Chicago A Alton Rj November. 1,058,849 1,043,404
Chic Great Western 3d wk Jan
169,553
140,281
98,410
93,597
j 2d wk Jan York
Cen tral.
—See New
November. 5,200,382 4,972,589
Chic A North West. December
5,717,035 5,090,257
Chic St Paul M A O. November. 1,293,610 1,254,120
Chic Term Tr RE.. 2d wk Jan
30,119
32,449
Cln NO A Texas Pae —See Sout hern
Ra llway.
Clnclnnat’ Northern —See New York Cen tral.
ClevCin Chic A St L —See New York Cen tral.
Colorado Midland.5 November.
220,657
199,500
h Col A South Sys_. 2d wk Jan
223,912
251,273
Col Newb A Laur_. November.
26,005
27,482
October
62,679
G7.162
Copper Range
Cornwall
November.
16,993
15,194
Cornwaii A Lebanon November.
38,074
38,652
Denv A Rio Grande :3d wk Jan
339,800
370,200
Detroit A Mack
20,660
22,778
J2d wk JaD
88,395
79,450
{2d wk Jan
23,205
28,459
ji2d
November.
51 ,117
wk Jan
44,501
Erie
; No vein ber. 4,636,235 4,411 ,$20
December
December
December
November.
November.
October
November.
November.
December
November.
December
November.
3d wk Jan
November.
December
2d wk J an
3d wk Jan
2d wk Jan
December
2d wk Jan
November.
..
.
Current
Year.
1,613,612
1,391,396
766,671
650,214
Fonda Jolinst A Gl.
!—See Rock
j December
j December
i
Georgia Sout h A Fla
Grand Trunk Sys..
Gr Trunk West..
Det Gr If A Mihv
Canada Atlantic
.
November.
December
j December
i December
! 2d
wk
Jan
November.
December
,3d wk Jan
:3d wk Jan
'3d wk Jan
Inter A
250,228
277,432
7,700
Cleve C C A St L_
Peoria A Eastern
Cincinnati North.
Pitts A Lake Erie
Rutland
N Y Chic A St L.
N Y Chic A St Louis
N Y Ont A Western
N Y Susq A West..
Norfolk A Western.
Northern Central._
Northern Pacific
Pacific Coast Co
dPcnn—East P A E
(/West P A E
Peoria
A
Eastern
Phila Balt A Wash.
Philadelphia A Erie
Clri Cldc AStL
Pitts
Pitts
126,638
281,279
5,848,561
935,004
917,945
6,475,188
116,933
236,150
Lehigh Valley
Lexington A East..
Long Island.
Louisiana A Arkan.
—See New
..
.
12,992
388,936
1,203,676
.
Tomblgbee Valiev._
Tor Ham A BulTalo
Union Pacific Syst.
3,659,178 4,101,019 29,136.425 26,750,189
256,825
1,438,821- 1,379,297
235,678
3,894,856 4,357,842 30,575,246 28,129,486
1 ,286,604 -1,083,218
50,904
43,551
564,082
587,995 2,997,525 2,857,731
4,937,802 1,654,561 27,921,410 25,319,221
4,044,035
5,013,561
124,000
174,000
139,729
3,336,353
138,349 3,855,281
1,690,106
57,838
55,864
1,786,612
988,995
905,907
180,442
195,774
Virginia A So West.
Wabash
Western Maryland.
West Jersey A Sea’e
Wheel A Lake Erie.
W’msport A N Br_.
Wisconsin Central..
Wrightsv A Tenn._
Yazoo A Miss Valley
IT
Novem ber.
40,683
43,314
Inc. 79, 064
November.
November.
88,593
76,151
2d wk Jan
846,140
950,425
December
15,319
13,625
October
26,195
26,098
December
4,448
5,067
December
20,599
27,723
November. 2,574,375 2,152,430
3d wk Jan
150,894
139,721
1st wk Jan
126,100
135,700
1st wk Jan
21,670
20,606
York
Cen
—See New
tral.
13,931
13,980
3d wk Jan
59,472
66,187
2d wk Jan
217,952
145,986
3d wk Jan
490,607
300,250
3d wk Jan
815.000
840,000
3d wk Jan
29,000
344*00
3d wk Jan
869,000
819/|)00
108,413
September
—See Sout hern Rail way.+T
November.
913,227
904,160
3d wk Jan
289,486
266,590
3d wk Jan
19,441
December
14,156
17,005
November.
4.201
4,387
r\ T *>
71 1
1 A
T A^
Maryland A Penn..
a
Mexican Centra!
a
Mexican Internat.
Mexican Railway.
Mexican Southern
a
a
Michigan
.
Central
Mineral Range
Mlnneap A St I.ouis
Minn St P A S S M.
Mo Kan A Texas
Mo Pac A I run Mt..
Central Branch..
Total
Mobile
A
6-|$761
Ohio
Nev-Cal-Oregon..
Current
Current
Year.
Year.
Year.
3,726,000
635,190
Previous
Year.
2,311,321 2,026,132 13,656,444 12,556,710
2,169,739 2.042,016 13,232,394 12,286,737
302.433
1,597,723 1,653,819
269,017
467,582
74,675
551,966
82,624
6,784,444
7,434,338
1,115,744
1,129,165
1,419,797
1,531,339
215,307
220,067
5,016,209 4,765,819
930,741
979,204
December
December
—See New
November.
NovemberNovember.
November.
December
October
November
November.
—See New
November.
November.
December
—See New
November.
November.
November.
November.
York Cen tral.
639,174
620,628
236,771
220,842
3,701,573
1 ,229,346
2,563,640 2,299,304 12,642,569
1,058,937
965,637 5,268,714
5,768,287 5,276,154 36,736,851
654,459
582,824 2,442,127
13121717 12 516317 65,387,424
Inc. 3,71
Inc. 53 1,800
_.
3,430,497
1,181 493
11,612,635
4,696,214
32,966,206
2,455,661
59,977,024
5,400
York Cen tral.
1,415,059 1,302,659 7,103,835 6.382,735
818,908
843,439 4,037,485 3,939,291
2,556,255 2,450,374 15,338,025 14,209,212
York Cen tral.
9,071
5,363
25,253
37,087
3,643,364 3,618,960 17,527,469 17,408,714
3,781,536 4,239,230 14,024,017 14,678,259
7,424,900 7,858,190 31,551,486 32,086,973
380,405
414,397
119,915
126,724
236,657
63,894
282,758
79,897
1 1 ,877
317,982
341,296
10,510
5,071,193 4,553.438 24.797,887 22,468,516
4,136,922 3,852,288 20,018,364 17,823,875
201 ,080
968,724
1,009,959
191,310
9,409,195 8,597.036 45,826,210 41,-261,115
September
October
2d wk Jan
November.
November.
November.
November.
—See New
November
—See Rock
3d wk Jan
November.
December
December
November.
2d wk Jan
2d wk Jan
1st wk Jan
1st wk Jan
December
2d wk Jan
3d wk Jan
..
York Cen tral.
721,575
126,275
123,981
Island Sy stem.
104,779
208,981
1,388,093
35,529
135,619
11224818
1,052,319
186,724
143,313
69,997
181,344
28,919
345,789
6,357
399,284
September
November.
2d wk Jan
26,31-1
2d wk Jan
70,123
November.
4,849
December
66,271
November. 0,646,596
December
76,944
475.645
3d wk Jan
3d wk Jan
88,558
November.
331,063
2d wk Jan
115,852
1 1 ,402
November
November.
609,201
November.
21,154
977,796
December
'
_
665,932
5,916,804 5,056,234
6,321 ,615
5,998,086
184,490
235,993
119.372
725,888
830,050
9,618,799 50,810,482 44,674,005
997,505 30,321.790 28,511 .170
160,595 5,440,884 4,823.952
132,320 4,462,744 4.164,826
1,911 ,064
59,972 2,089,117
939,015
168,452
1,075.279
551,792
663,874
15,431
7,235,140
262,498 9,200,502
22,446
21,099
7,605
1 .871 ,420
365,276 2,143.182
24,533
733,373
697,313
65,003
2,254.473 2,264,299
18,561
4,1 17
24,598
368 ,853
68,456
396,192
0,109,535 32,607,215 30,241 ,885
478,730
497,698
76,485
473,466 15,500,919 14,058,998
85,256 2,970,513 2.556,764
290,063 2,753,532 2,551,532
99,563 3,348,899 3,090,594
1 2,890
74,210
80,511
602,976
3,21 1,9 82 3,09 4,342
91 ,525
99.360
18,827
1
,282,559
28,412
930,522
4 ,608,252
3,890,400
Current
Previous
Year.
Year.
Period.
Mch
Jan
Jan
Jan
Manistlque
Jan
Mexican Railway
Jan
Mexican Southern._
Jan
New York Central..
Lake Shore A Michigan South Jan
Jan
Lake Erie A Western
l Chicago Indiana A Southern .fan
Jan
Michigan Central.
Jan
Clove Cln Chic A St Louis
Jan
Peoria A Eastern.
Jan
Cincinnati Northern
Jail
Pittsburgh A Lake Erie
Jan
Rutland
Ian
N Y Chicago A St Louis
Jan
Northern Central
Jan
ci Penn — East of Pitts A Erie
Jan
d West of Pitts A Erie
Phila Baltimore A Washington. Jan
Jan
Philadelphia A Erie.
Jan
Pitts Cln Cldc A St Louis
Dec
Rio Grande Junction
Jan
Texas A Pacific
Jail
West Jersey A Seashore.
507,634
380,329
25,675,916 22,711,454
82,666
84,572
4,311,238
'
S
S
S
$
7,752,777 7,746,0SJ 49,210,542 46,906,036
3,562,379 3,549,140 21,937,282 20.433.S67
455.237
2,687,431
2,747,922
4f3,054
234.208
1,186,467
1,078.171
185,881
December
December
December
December
December
December
December
December
December
Atlanta A Charlotte Air Line
Bellefonte Central..
Manistee A Northeastern
Inc. 531, 785
45,305
188,243
|
T ft Q
220,876
237,988
Latsl Date.
1 to
Previous
Various Fiscal Years.
Yorlc Cen tral.
..
Manistlque
Erie
....
Kanawha A Mich. j November.
Kansas City Sout!
Lake Erie A West’u!—See New York Cen tral.
Lake Shore A M Soi
Lake
Coal A Iron Co__
Total both cos
Rich Fred’ksb’gAP
Rio Grande June
Rio Grande South..
Rock Island System
e St L A San Fran
f Evansv A Ter H
Total of all lines.
Rutland
St Jos A Grand Tsl.
St L A San Fran
St Louis Southwest.
Seaboard Air Line..
Sierra Railway
Southern Indiana
cSouthern Pacific Co
Southern Railway..
Mobile A Ohio.
Cln N O A Tex P.
Ala Great South.
Ga South A Fla..
Texas Central
Texas A Pacllic..
Ti dewater A West J
Toledo A Ohio Cent
Toledo Peo A West.
Toledo St L A West
77,228
93,872
191,038
209,948
11,139,708
11,945,988
580,607
671,291
2,347,226 2,254,541
84,274
141,644
1,637,367
1,796,206
22,830,681 21,621,519
8,890
418,911
1,279,101
A
Raleigh A Southport
Reading Railway..
November.
—See Sout hern Rail way.
12d wk Jan
052,998 24,174,420 22,016,557
768,754
2,930,301
86,015 3,216,429
1st wk Jan
108,557
830,745
18,994
30,303
984,619
(1st wk Jan
1 ,123,139
27,982
25,680
1,088,143
list wk Jan
i
Total system
'
Michigan Central.
26,469,926 24,256,172
35,879 ,940 32,931,635
1 ,100,408
7,288,178
Week or
Month.
N Y C A Hud River
Lake Shore AMS
Lake Erie A West
Cldc Ind A Sou./.
10,178,033 9,297,705
41,771,197 38,610,408
969,208
1,294,126
31,153
29,084
23,922
22,833
4,704,387 5,095,277
751,048
654,871
975,771
957,095
4,104,500 2,857,900
40,284,375 34,382,794
6,607,277 6,273,289
13,420,719 12,834,285
70,700
84,804
10,531,746 9,816,326
15,333
19,144
5,557,509 5,173,460
5,499,840 5,001,697
3,282,073 3,297,920
__
Island S ystem.
1 ,429
2,469
51,787
54,251
ROADS.
805,551
578,465
16,892
18,024
37,672,962 32,867,218
1,367,457
1,417,310
450,460
636,205
6,123,360
930,877
|july
Latest Gross Earnings.
July 1 to Latest Date:
Latest Gross Earnings.
51 ,081
194,190
3,687,124
3,288.100
599,934
409,676
2,195,730
7,066,469 6,568.256
14,764,859 12,344,242
26,177,232 23,846.03^8
1,126,313
918,322
27,095,554 24,972,351
188,750
343,459
424,002
2,156,261
4,713,883
8,221 ,649
561,970
153,722
4,366,974
7,439,737
32,213
21 ,556
130,666
1
to
1
1
1
1
1
1
1
1
1
1
1
l
1
1
1
1
1
1
1
1
1
1
1
1
1
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
Oct
Dec
Oct
Dec
Jan
Jan
Dec
Dec
Dec
Dec
Dec
Dec
Dec
Dec
Dec
Dec
Dec
Nov.
Nov
31
31
31
31
7
7
82,747,083 $2,611 ,686
6(1,633
57,068
361 ,824
365,747
92,676
96,462
126,100
135,700
20,606
21,670
31 02,089,766 86,095,599
31 42,544,378 38,600,81 1
31
5,212,810 5,037,293
31
2,114,044
2,332,730
31
31
31
31
31
31
31
30
30
30
30
30
31
Nov
Nov
Nov
1 >ec
26,275,586 13,283,869
24,594,9 15 22,517,763
3,059,280 2,960,725
1,027,727
847,231
14,481.494 12,837,736
2.799.207
2,562,089
9,902,208 9,108,729
9,692.308
10,744,608
.
135214273 121951873
/nc.8.12 3,700
14,617,246 13,452,746
7,703,407 7,584,384
29,490,584 26,748.137
653,483
547,693
1 ,006,181
21
750,736
30
4.924,084 4,383,784
Oct
Jan
Nov
31
AGGREGATES OF GROSS EARNINGS—Weekly and Monthly.
Monthly Summaries.
Cur'nt
Year Prev’s Year.
S
2nd
3d
4th
1st
2d
3d
week Nov
week Nov
week Nov
week Dec
week Dec
week Dec
4th week Dec
1st week Jan
2d week Jan
(43 roads)
(44 roads)
15 roads)
Ml roads)
M.3 roads)
i-l l roads)
(39 roads)
M0 roads)
Ml roads)
11,028,072
1 1.194,251
14.843,402
9,912.277
$
'
0,938,002
10,496,593
13,763,769
8.989,342
10,164.10?
9.5.3 i .705
9.943,086
14,365,803
9,331,461
13,162,829
7.819.579
8,522,557
8,889.449
D,250,542
Inc.
or
Dec.'
Cur'nt
Monthly Summaries.
%
S
+ 1,090,070 10.97
6.64
+ 697,658
7.84
+ 1 ,079.633
+ 922,9.35 10.27
+ 632,492
6.6,3
6.55
+ 611 .625
+ 1 .202.974
9.14
+ 1 .969.879 13.68i
+ 733,985
8.61
|
S
Month
Month
Month
Month
Month
Month
Year Prev’s Year.
Inc.
or
Dec.
$
S
6.73
9.83
15,777 ,008 12.11
20,322 .890! 13.73
19,330 ,923 12.11
12,997 ,931
7.38
+ 19,327 .902 10.77
+ 10.971 .289 0.24
+ 4,169 ,215
5.64
+ 8,679 ,702
April 1906 (111 roads). 1.36,685,537 128,005,775
May 1906 (124 roads). 152,183,7 12 1,38.557,872 + 13,625 ,870
June
July
1906 (113 roads). 140,010,301 1.30,2.3.3,29.3
1905 (117 roads). 168,336,461 148,013,565
Aug
Sept
1906 (118 roads). 179,191.945 159,8,35,022
184,551 ,471 171 553,520
19i)6 (122 roads)
Month Oct
Month Nov
Mouth Dec
1906 (119 roads). 198,733,229 179.405,267
1906 (12.3 roads). 186,696,274 175,727,985
1905
(65 roads)
83,796,332 79,327,117
_
+
+
+
+
l> Includes earnings of Gulf A Ohirvgo Division,
c Includes the Houston A Texas Central and Its subsidiary lines In both
</ Covers lines directly operated,
c Includes the Chicago A Eastern Illinois In both years.
h Includes
/ Includes Evansville A Indiana RR.
earnings of Co!. A South., Ft. Worth A Denver City and ail affiliated lines, excepting Trinity A Brazos Valley RR.
k Includes In both years earnings
of Denver Enid A Gulf RR., Pecos System and Santa Fe Prescott A Phoenix Ry.
i Figures prior to Aorii >0 1903 are tho«e of the Indiana Illinois A Iowa
and Indiana Harbor of Indiana,
n These figures are an approximation only.
a
Mexican currency.
years.
Jan. 26
215
THE CHRONICLE
1907.J
Gross
Latest Gross Earnings by Weeks.—In the table
follows we sum up separately the earnings for the
week of January. -The table covers 41 roads and
8.61% increase in the aggregate
the
over
which
second
shows
week last
same
Roads.
$
-Oct
Copper Range, a
July 1 to Oct 31..
vear.
67,162
62,679
236,150
24.659
26.750
123,860
1 12,586
16,993
93/872
15,194
77,228
8.254
42,224
38,438
38,074
209,948
38,652
191,038
108,459
Denver & Rio Grande.b. NOV 1.868,409
9,081,888
July 1 to Nov 30
Detroit & Mackinac.a.. Nov
103,203
525,690
July 1 to Nov 30.
Dul R L & Winn.b
Nov
28,459
1,757,425
8,535,508
96,186
445,090
Nov
July 1 to Nov 30..
i
S
o
Buffalo Rochester & Pittsburgh
Canadian Northern
;
Canadian Pacific
Central of Georgia
Chattanooga Southern
Chicago Great Western
Chicago Ind & Louisville
Chicago Terminal Transfer
Colorado
&
Southern duel
Worth & Denver City)
223
358
20
70
-!
123 ,000
.
_
6611
15,157
4,813
43
50,904
165,000
144.773
Duluth So Sli & Atl.b.. N
154.404
13,080
63,947
145,086
496,627
26,000
186.724
275,523
10,510
_
V
1 ,052.310
28,019
3 14,287
_
26,314
70,123
.
..
.
•
.
8.939
6,616''
7,353
,000
1 25 ,012
[52,000
56
846
140
13
,070!
,140
,313
,031
60
217
335
708
31
,339
482,658
10 J ,809
161 .211
55,000
115,852
,216
.563
5,.000
_
26.129
72.398
500,278
83,035
479,946
a
Nov 4,636,235
4,411,220
July 1 to Nov 30.. ....22,830,681 21,621,519
Fairchild & Northe’n .b .Dec
1.429
2,469
8,890
12,992
July 1 to Dec 31..
Fonda Johnstown & Glovers- vllle.a
Dec
51,787
54,251
388,936
July 1 to Dec 31..
418,911
1,418,816
7,043,665
6.714,201
386
dcf. 1 .737
944
3,368
•
23,174
194,085
Nov
277,432
250,228
77.034
to Nov 30..
1,279,101
1,203,676
.315.124
Ga South & Fla—See under Southern Ry System below.
420,933
.
Nov 2,919,900
.Nov
Atlantic
i
'
,
3 67
191,740
959,186
202,194
975,413
0.256,542
_
2
94,282
1.781
5,120
6,200
16,593
16,289
_
^
_
-
8,522 .557 { 042,248
733,085
208 ,263
Net
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 a return 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
Eam’gs
Previous
Year.
Atlan Birm & Atlantic a. Nov
July 1 to Nov 30.
196,606
190,767
929,501
192,573
816,386
655,553
3,613,179
——.Vet Earnings
Current
Year.
$
130,121
636,205
81 ,391
450,460
Previous
Year.
40,656
185,787
'
3,947
22,833
Buff Roeh & Pitts, b
.Nov
752,748
3,618,580
July 1 to Nov 30.
Buff & Susquehanna.a. .Nov
153,916
751,048
July 1 to Nov 30
.
1 ,224
8,048
3,512
23 922
744,290
3,942,004
131,926
654.87 i
1
303,341
,460,055
51,166
276,440
California Northwest.a
Nov
145.369
138.625
64,009
856,530
306,499
828,232
July 1 to Nov 30
Canadian Northern
.Nov
741,700
566,800
260,400
1 ,189,200
3,379,900
2,255,400
July 1 to Nov 30
..Nov 6,234,583
Canadian Pacific.a..
5,741,543 r 2,263,123
July 1 to Nov 30.
31,472,375 25,762,794 12,320,272
1 ,046,833
.Nov 1,059,676
Central of Georgia, a
251,772
1 .184,774
4,851,845
July 1 to Nov 30.
2.1 18,194
Central of N J_b._... ..Dec 2,220.742
1,121,354
6,575,346
12,834,285
July 1 to Dec 31.
•
12,254
10,136
def.l ,506
Chattanooga South’ll. a. Dec
78,807
65,762
def.2,517
July 1 to Dec 31.
.
.
.NOV
2,111,236
10,531,746
July 1 to Nov 30.
Chesterfield & Lanc.b. .Nov
4,320
19,144
July 1 to Nov 30.
.Nov 1,058,849
Chicago & Alton.a
5,557,500
July 1 to Nov 30
838,467
Chicago Gt Western. b_ .NOV
4,277,378
July 1 to Nov 30.
11.058
132,269
88,593
507,634
Chic Ind & Louisville.a .Nov
4 87,877
2,641,115
July 1 to Nov 30.
3,404
15,333
1,043 ,404
5,173,460
3,015
9,088
1,492
6,367
307,067
1,624,361
494,240.
2,656,817
145,868
231,009
1,385,269
148,145
034,900
Cldc Term Transfer.b. .Nov
154,854
61,558
201 ,746
724,378
732,894
July 1 to Nov 30.
Cln N O & Tex Pas—See under Southern Ry System below.
.Nov
220,657
1,100,408
Colorado & Soutli’n.a. .NOV 1,158,503
5,582,972
July 1 to Nov 30.
Colum Newb & Lau.a. .Nov
27,482
126,638
July 1 to Nov 30.
def.98
812,398
3,916,886
199,506
917,945
1,063.681
4,964,707
26,005
116,933
62,236
319,904
328,458
1,699,305
4,866
26,603
234 ,564
1 ,277,687
160,473
1,021,781
52,749
275,108
72,128
242,410
353,704
1 ,612,601
6,77
31,40
\
1 84 .685
1,081,537
227,076
1.122,315
1,342,188
!
6,385,987
.613,743
5,992.472
135,555
633.31S
121,409
615,253
ft90,935
ftS2,43 5
ft 315,239
ft 420,687
50,737
50,005
256,107
2.) 1 .077
335,861
198,633
849,155
1 .636.13S
1.164,626
5,440,905
1.093,001
5,117,531
6,013
115,828
4,629
137,541
def.3,907
def.7,2 22
18,631
9,297
....
&
Ohio—See under Southern Ry System
National RR of Mexico..Nov
July 1 to Nov 30
1,220,154
6,079,958
Hidalgo & Northeast. Nov
July 1 to Nov 30
904,160
4,366,974
1 ,085,405
5,348,377
7,242
9,277
68,146
71 ,954
214,238
1,058,082
1
20,157
97,656
ft 106,405
ft 635,908
514,414
3,024,573
1,040,192
4,187,942
292,627
.150,863
16,428
71,474
fcl 43,693
ft751,871
687,874
3,007,158
744,909
2,911,432
1 ,325,902
1
6,894,434
6.399,918
,227,107
below.'j
186,625
992,556
455,055
2,199,398
201 ,589
1,012,314
405.565
1,944,399
22 302
78,159
126,753
419,998
Nev Cal & Oregon .a
.Nov
17,102
19,155
26,195
10,292
July 1 to Nov 30__
136,117
116,510
87,328
57,745
Nov
84 1
Nevada Central.b
4,201
4,387
2,633
July 1 to Nov 30..
32,213
21,556
8,827
11,931
1 72,232
N Y Ont & Western .a.. Nov
620,628
639,174
170,387
1 ,0 60,419
3.701,573
July 1 to Nov 30..
3,430,497
1,306,630
N Y Susq & Western, a. NOV
220,842
236,771
50,654
78,071
1,229,346
1.181.498
July 1 to Nov 30._
364,486
372,803
Norfolk & Western. b_. Nov 2,563,640
2,299,304
924,484
942,709
12,642,569 11 ,612,635
July 1 to Nov 30..
4,761,994
4,648,504
Northern Central.b
Nov 1,058,937
965,637
259,961
226,461
Jan 1 to Nov 30._
9,692,308
10,74 4,608
2,581,439
1,941,639
Pennsylvania—Lines directly operated—
East of Pitts & Erie.. Novi 3,121 ,717 12,516,317
4,353,914
4,249,414
Jan 1 to Nov 30
135,214,273 121951,873 42,482,202 36,959,802
West of Pitts & Erie.. Nov
Inc
Dec
531,800
107,200
Jan 1 to Nov 30..
Inc 8,1 23,700
Inc 2,490,800
Pldla Balto & Wash.b.. Nov 1,415,059
1 ,302,659
480,449
429,549
Jan 1 to Nov 30..
14,617,246 13,452,746
4,242.171
3,771,071
Phlla & Erle.b
Nov
818,908
843,439
239,000
287,879
Jan 1 to Nov 30._
7,703,407
7,584,384
2,102,029
2,261,572
Pitts Cln Chic & St L.a. .Dec 2,556,255
2,456,374
610,476
785,657
Jan 1 to Dec 31..
29,490,584 26,748,137
7,454,519
6.925,341
9,071
Raleigh & Southport.a. Nov
5,363
3,665
2,629
July 1 to Nov 30._
37,087
25,253
9,801
9,683
.
406,873
2,361,311
9,840,816
321 ,862
1,516,345
1 ,043,519
6,471 ,873
def.l .287
79,048
265,518
12,977
3,651,805
17,489,357
Manistee & Northeast. b_ .Oct
26,098
26,195
Jan 1 to Oct 31.
361 ,824
365,747
Dec
Manistlque. b
4,448
5,067
Jan 1 to Dec 31
96,438
92,679
26,599
27,723
Maryland & Penna.a. .Dec
188,243
194,190
July 1 to Dec 31..
Mexican International.. Nov
583,910
651,754
3,228,737
2,654,849
July 1 to Nov 30..
Mineral Range, b
NOV
67,022
65,119
July 1 to Nov 30..
325,383
333,161
341 ,949
315,651
Mlnneap & St Louis.a.. NOV
July 1 to Nov 3U__
1,659,971
1,712,790
Minn St P & S S M.b....NOV 1,099,866
1,149,649
July 1 to Nov 30._
5,880,037
5,217,977
Mo. Ivans & Texas.a....Nov 2,467,084
2,099,948
July 1 to Nov 30
11,017,581
9,460,726
Missouri Pac System.b..Nov 4,099,663
3,805,469
20,585,554 18,832,351
July 1 to Nov 30._
Nashv Chatt & St L.b.. .NOV
913,227
July 1 to Nov 30..
4,713,883
50,213
246,602
54 ,724
706,752
3,994,471
782,205
3,846.148
55.6 15
2
26,706
147.495
Mobile
517
225,100
847,760
31,146
261,818
19,813
155,867
—
0,260
340,364
1,862,317
2,033,482
9,816,326
309,760
2,079,274
13,140
76,151
380,329
__
.
Bridgeton & Saco RIv. b.Nov
July 1 to Nov 30.
30,659
145,021
270,520
1,251,170
180,442
905,907
Louisville & Nashville.b Nov 4,118,887
July 1 to Nov 30..
19,839,456
774,422
Line.a.. .NOV 2,259,375
604,757
2,115,770
3,014,992
9,207,705
Nov 30.
10.178,033
2,377,070
Oldo.b ..Dec 6,720,001
2.322,911
6,450,520
2,398.122
41,771 ,197 38,610.408 14,943,092 14,187,739
Dec 31
69.557
97,226
188,628
Bangor & Aroostook, b ..Nov
287,062
391,680
475,060
060,208
July 1 to Nov 30.
1,294,126
Dellefonte
Central, b. ..Dec
1,594
5,086
1,637
5,197
Jan 1 to Dec 31.
60,633
12,4 82
18,178
57,068
Boston Revere Beach & Lvnn.b—
14 ,464
Oct
1 to Dec 31
12,576
151,330
139,464
61 ,047
449,772
64,485
389,092
July 1 to Dec 31
Jan
1 to Dec 31
68.840
700,203
667,145
82,664
31,145
229,697
Kansas City Southern.a .Dec
783,198
July 1 to Dec 30._
4,389,772
.NOV 2,943,009
Lehigh Valley, b
....
July 1 to Nov 30._
Atlantic Coast
July 1 to
Baltimore &
July 1 to
.a
137,235
671,576
439,155
2,421,697
Louisiana & Arkansas.a..NOV
.
July 1 to Nov 30.
106,090
400,513
.
$
H3
$
$
Ala Gt South—See under Southern Ry Syst below.
Alabama Tcnn & Nor__ .Nov
2.281
2,470
3,034
4,069
16.892
10,300
0,408
•1 July 1 to Nov 30.
18,024
Atcli Top & .S Fe.b.
Nov 7,916.483
7,142,316 (13,121,274 (72,906,368
July 1 to Nov 3037,672,962 32 ,867 ,2 18(/l 5,060,688(112 ,721 ,673
Atlan & Chari Air Line a. Oct
138,033
378.460
134,079
373,844
Mch 1 to Oct 31.
665,567
772,172
2,611,686
2,747,083
Roads.
Colorado Midland
108,523
436,039
_
Year.
Chesapeake & Ohlo.b.
473,997
2,398,696
3,074,556 o 1 .167,682 cl ,256,903
15,552,713 14,563,588 06,642,052 96,090,328
July 1 to Nov 30..
Lexington & Eastern, b. NOV
17,776
40,683
17,089
43,314
July 1 to Nov 30..
237,988
220,876
97,801
83,013
Nov
Inc. 79,064
Inc. 53,266
Long Island.b
July 1 to Nov 30..
Inc.531,785
Inc.308,179
20th of the month.
...
770,367
4.145,770
Interoceanic of Mexico.. N o V
618,14 6
July 1 to Nov 30..
2,833,840
Iowa Central.a.
NOV
276,579
July 1 to Nov 30
1,348,639
Kauawdia & Michigan.a. NOV
195,774
July 1 to Nov 30
988,995
_.
i
Gross
Current
90,076
823,412
4,430,461
Nov
587,995
Hocking Valley.a
564,082
July 1 to Nov 30._
2.997,525
2,857,731
Illinois Central-a
.Nov 4,630,897
4,588,622
July 1 to Nov 30..
22,983,608 20,664,657
_.
Total (41 roads»
Net increase (8.61%>
2,643,482
14,600,472 13,341,993
.
112,986
'
22.939
_
July 1 to Nov 30
Gulf & Ship Island.a.. Nov
July 1 to Nov 30._
_
13 488
-
,320.245
1
210.412
Canada
•
28,842
54,814
,368
10,637
41,669
50,039
249,242
Grand Trunk West
Nov
510,982
July 1 to Nov 30..
2,616,717
Det Gr I lav & Mllw._ Nov
137,235
July 1 to Nov 30..
779,125
71,,066
fi
9,902
23,203
84,274
1,339,454
ov
July 1 to Nov 30..
49
3,608
,533
.003
25,481
107,279
J5i) ,081
Grand Trunk Ry
•
j£
18,05 1
94,950
Grand Trunk of Canada-
5,181
*
720,960
3,468,102
July 1
5,670
,
721,841
3.632,914
Georgia RR.a
104,285
,952
,416
19,757
112,601
1,442,104
.
18,861
1 l ,877
,288
907 ,505
15 ,431
250 ,005
24
65
4 76
85
00
-
---
115,756
1 50
170,130
_
2,112
8,176
17,350
Erie,
25,600!
,551
,000
.000
160 .505
262 ,537
853.000
.
27,361.
,000 i
1 13
61,749
050,425
Minneapolis St Paul & S S M._
.0121
652 .998
7 68 .754
.
’
141,644
July 1 to Nov 30..
2 ,330
,666
,456
H,501!
22,778
88,395;
51,117
_.
Wheeling & Lake Erie
4 ,600
32 .449
351 .273
;
...
«i
41,800
,658
151 ,243
93 ,597
& Lebanon.b. Nov
July 1 to Nov 30..
July 1 to Nov 30..
Duluth South Shore & Atlantic.
Grand Trunk of Canada
i
Grand Trunk Western
I
.iDet Gr Haven & Milwaukee.
Canada & Atlantic
j t
Gulf & Ship Island
International & Great Northern:
Interoceanic of Mexico
|
low a Central
|
Louisville & Nashville..
Mexican International
Mineral Range
.
Minneapolis & St Louis
.
-
Cornwall
$
8
Ft:
Detroit & .Mackinac
Detroit Toledo & Ironton
.
-
-.
2
3,310
160,400
08,410
30,110
383,600
.
S
8
160 ,023;
85 ,900 j
1 .022 ,000!
205 .600
1*47,400
Denver & Rio Grande
Missouri Kansas & Texas
Missouri Pad lie & Iron Mt
Central Branch
Mobile & Ohio
National RR of Mexico
Rio Grande Southern
St Louis Southwestern
Southern Railway
Texas Central
Texas & Pacific.
Toledo Peoria & Western
Toledo St Louis & Western
Wabash.
Western Maryland
I
3,601
|
8
$
103,624
81,300
800,000
_
! Increase. Decrease.
1006.
1907.
Xet Earning
Current
Previous
Year.
Year.
8
IJrtvious
Year.
$
281,279
Cornwall, a
Second week of January.
Earn'gs
Current
Year.
,
...
_...
Reading Company—
Pldla & Reading, b
July 1 to Nov 30..
Nov
3,643,364
3,618,960
17,527,469 17,408,714
Coal & Iron Co.b...". Nov 3.781.536
4,239,230
July 1 to Nov 30..
14,024.017 14.678.259
1 ,469,533
6,969,478
Total both co’s.b
July 1 to Nov 30.
1.707,896
7,518,182
Nov
_
7,424,900
7,858,190
,551,486 32,086.973
31
Nov
Reading Company
July 1 to Nov 30..
Total all co’s.Nov
July 1 to Nov 30..
Rich Fred & Potomac.. Sept
July 1 to Sept 30..
..
238,363
548,704
132,226
654,210
•
..
126,724
414,397
119,915
380,405
1 ,840,122
8,172,392
26,634
109,370
1 ,552,850
7.511,022
363,858
930,507
1 ,916,708
8,441 ,529
126,507
599,147
2,043,215
9,040,676
42,422
127,239
2IG
THE CHRONICLE
■Gross Earn’gs
Current
Previous
Year.
Year.
...Oct
1
7/19,168
n164,306
26,375
114,509
,668,201
19,586
102,318
1
,486,580
7,081,099
1 ,364,642
6,039,960
8,30 1 ,210
1 ,495.841
6,996,947
Nov
_
_
*
Tidewater & Western. b.Sept
534
7,605
1,898
6,357
5 ,006
22,446
21,099
3,109
July 1 to Sept 30.
Tol & Ohio Central, a. ..Nov
399,284
365,276
125,571
78,621
766,436
2,143,182
1,871,420
550,842
July 1 to Nov 30.
Tol Peoria & West.. b.Dec
108,437
116,947
26,212
24,540
647,968
689,281
150,043
163,213
July 1 to Dec 31
Tol St L & Western.. ..Nov
344,548
367,394
/98.075
/96.199
1,776,594
1,816,102
July 1 to Nov 30.
/472.240
/439,963
4,849
4,117
1,434
1,910
Tomblgbee Valley Co. ..NOV
..NOV 6,646,596
Union Pacific, a
6,109,535
3,238,644
2,833,029
32,607,215 30,241,885 15.96&.078 14,572,698
July 1 to Nov 30.
76,828
77,691
16,335
31.709
Virginia & Southw.b. ..Nov
420,754
402,245
155,779
92,014
July 1 to Nov 30.
..NOV 2,219,101
Wabash _b
2,060,981
567.867
675,519
3,900,655
12,002,087 10,626,806
3,531,911
July 1 to Nov 30.
'
West Jersey & Sea Sh_ j.Nov
331,063
Jan 1 to Nov 30.
4,924,084
290.063
Current
Ycir.
-
$
7123 ,969
nl 96,034
201,080
191,310
94,023
90,738
1,009,959
968,724
476,748
460,384
Total of all lines.a. ..Nov 9,409,195
8,597,036
3,258,065
2,941,960
45,826,210 41,261,115 15,774,905 13,581 ,443
July 1 to Nov 30
St Joseph & Gr Island. b Nov
126,275
123,981
45,332
40,602
721,575
July 1 to Nov 30
665,932
289,025
236.455
St Louis Southwestern bNov
274.806
945,388
820,439
337,522
1 ,550,668
3,766,067
July 1 to Nov 30
4,362,128
1,061,981
1 ,282,559
Seaboard Air Line.a. ..Nov 1,388,093
397,640
311,079
July 1 to Nov 30
6,321,615
5,998,086
1,014,361
1,774,096
12 5,227
Southern Indiana.b__ ...Nov
56,531
49,484
143,720
694,431
606,516
296,027
July 1 to Nov 30
248,7G1
.Nov 11,224,818
Southern Pacific.a
9,618,799
4,835,709
3,615,995
50,810,482 44*,674,005 20,109,561 15,976,924
July 1 to Nov 30
Southern Railway System—
Southern Ry.a
..Nov 4,724,443
1,119,255
4,597,838
1,371,035
23,430,287 22,001,847
July 1 to Nov 30
5,875,600
6,595,378
Mobile & Ohio. a.
..Nov
844,934
840,559
276,404
327,670
4,189,409
3,737,952
1,316,279
July 1 to Nov 30
1.203,225
Cin N O & Tex Pac. a. Nov
703,100
672,783
123,888
149,789
3,619,450
July 1 to Nov 30
3,356,316
677,244
798,623
Ala Great Southern. a. Nov
327,ft 19
337,009
51,855
75,838
1 ,531,551
July 1 to Nov 30
1,663,929
315,202
318,963
184,599
160,791
15,541
47,167
Georgia Sou & Fla. a ..Nov
893,935
770,563
July 1 to Nov 30
144,942
206,938
..Dec
Texas Central .a
123,741
105,047
64,794
52,737
519 ,832
219,466
609,233
309,556
July 1 to Dec 31
a.
—Int., Rentals, Ac.—
Previous
Year.
$
63,894
547,693
79,897
31
653,483
Rio Grande Southern. b.Nov
55,492
51,904
265,802
242,550
July 1 to Nov 30
Rock Island Syst.a.. ..Nov 5,071,193
4,553,438
24.797,887 22,468,51G
July 1 to Nov 30
St Louis & San Fran .a Nov 4,136,922
3,852,288
20,018 364 17,823,875
July 1 to Nov 30
Evansv & Terre H.
Juiy 1 to Nov 30
Net EarningsCurrent
Year.
$
$
Roads.
Rio Grande Jet
Dec 1 to Oct
[YOL.LXXXIV
Roads.
Denver & Rio
July 1 to
Duluth So Sli
July 1 to
Georgia
July
Hocking
July
$
Grande....Nov
Nov 30.
& Atl... .Nov
Nov 30.
Maryland & Penna
July 1 to Dec 31.
Mineral
Range
July 1- to Nov 30.
.
Mo Kansas & Tex
.Nov
July 1 to Nov 30.
415 ,559
2,056,814
Nov
149,553
747,430
Nashv Ciiatt & St L
July 1 to Nov 30.
Nev Cal & Oregon
Nov
July l to Nov 30.
N Y Ont & Western
-Nov
July 1 to Nov 30.
9,447
47,232
364,144
1,822,444
149,590
748,326
3,302
15,967
74,153
370,507
12,270
74,064
352,802
Norfolk & Western
399,873
334,515
July 1 to Nov 30.
1,869,255
-Nov
Reading Company
890,500
July 1 to Nov 30.
4,452,500
1,676,008
.
.
Rio
.Nov
Grande Junction.
Dec 1 to Oct 31.
Roads.
21,094
10 6,512
.
..
1 to Dec 31
1 to Dec 31
5
Includes road rentals
July 1 to Nov 30
Oct
8,437
33,749
Nov
3,527
19,686
8,437
33,749
4,169
20,823
509.9 75
16,222
35,113
35,490
15,425
17,582
26.103
24,471
185,635
15,438
103,031
13,876
94,019
66,666
331.470
38,249
376,831
169,491
30,664
154,332
28,334
249,262
227,401'
Jan 1
to
Nov 30
208,594
90,111
13.823
88,773
.
15,588
91.778
81,552
Keystone Telephone Co. Nov
July 1 to Nov 30
Lowell Elec Lt Corp.a.-Nov
.
Jan 1
to
Nov 30
13,903
91,888
25,787
Milwaukee Gas Light Co Nov
Jan 1 to Nov* 30
102,473
883,668
718,630
72,425
646,686
Oct
654,459
2,442,127
582,824
2,455,661
Nov
564,855
4.781 ,708
355,120
3,014,151
79,044
MInneap Gen Elec Co.a.Nov
Jan 1 to Nov 30
Pacific
Coast
July 1 to Oct 31
Pittsburgh Coal Co
Jan
1
to
Nov 30.
So Bend & Mlsli Gas Co.Sept
Jan 1 to Sept 30
18,313
78,837
5,831
35,379
Houghton Co El Lt Co.a.Nov
1905, and
64,057
422.238
22,525
Fall River Gas Wks.a_.Nov
to Nov 30
United States Teleph.b.Nov*
Nov
23,583
15,527
33,496
30,592
175,873
778,639
192,857
982,480
Victor Fuel Co b..
July 1 to Nov 30
Wilkes- B Gas & El' Co... Xov
Jan 1 to Nov 30
29,391
243,386
32,909
283,213
.
Miscellaneous
—
Companies.
34,475
34.018
306.350
5,13$
.
Current
Year.
$
34,483
1 58,526
320,166
.Nov
18,430
16.118
-Dec
750
8 74
729
1,532,436
12,174
0,182
7,724
38,400
t
*
Fall River Gas Works. .Nov
317
486
15,108
Houghton Co Elec Lt.a N o v
Jan 1 to Nov 30..
2,813
2,813
12,62:.
.
Lowell El Lt Corp
Jan 1 to Nov
MInneap Gen Elec Co..
Jan
1
to
25,939
25,939
.Nov
1,747
11 ,146
1,405
10,872
.Nov
8.908
98,272
30..
Nov 30
.
Pocahontas Collieries Co.
Jan 1 to Nov 30
United States
Victor Fuel Co
July 1 to
Nov
Teleph.. .Nov
Nov 30..
/22.541
/194.791
13,517
/23,225
/117,136
90,184
839,170
27,210
216,858
5,447
41,638
14,732
41,531
153,259
14,274
116,245
3.69C
—Bal. of Net E'ngs.—
39,304
405,001
Edison El Ill Co
Jan 1 to Dec 31
153,609
606,788
Companies.
Int., Rentals, Ac.—
Previous
Current
Year.
Year.
$
$
Dec
.
11,411
86,665
88,850
768.349
326,155
161,839
545,668
303,537
1,943,996
16,772
267,870
11,415
71,935
21,950
46,896
223,522
18,423
131,190
12,555
12,619
Wyom Vail Gas& El Co.Sept
a Net earnings here given.are after deducting taxes,
b Net earnings here given arc bcfoi*e deducting taxes.
3,960
55,529
172,500
1,679,450
127,126
Jan 1
3,600
531,236
3,059,710
197,830
,937,437
30,604
6,932
46,274
Cuyahoga Teleph Co..
681
44,467
106,470
53,378
1,264
14,218
6,233
35,685
255,582
1
$
40,578
99,096
15,023
Pocahontas Collieries Co. Nov
Jan 1 to Nov 30
X1 ,448
12,127
£26,932
def. 26
6,545
26,716
266,991
329,448
2,863,703
433,658
4,656,422
Previous
Year.
62,550
Nov
from July
X
Year.
$
17,814
146,995
Edison El Ill Co.a
1.337
8,882
£3.344
491,363
5,384,844
Dec 31
330
■
Range
to
300
—
July 1 to Oct 31
Cornwall & Lebanon
1
Dec
543
543
Bridgeton & Saco River. Nov
2,715
2,715
July 1 to Nov 30
28,324
28,008
California Northwestern-Nov
140,917
139,882
July 1 to Nov 30
5514.071
Central of N J.
Dec t/590,118
July 1 to Dec 31
..b3,515,636 53,608,170
C170.507
cl75,480
Chicago Great Western. Nov
C875.294
C855,449
July 1 to No v30
Copper
Jan
Net EarningsCurrent
Dec
Cumb Tel & Tel Co..;
Jau 1 to Dec 31.
;r3 7,888
2H.7
(paid by lessee) and other deductions.
Companies.
Buffalo Gas Co
Oct 1 to Dec 31
17,293
146,744
2*43,994
10,288
Gross Earn’gs
Current
Previous
Year.
Year.
$
$
63 .499
15,067
3,631
14,819
1,555
26,135
def.l ,876
14,993
Miscellaneous Companies.
32,170
148,172
30,680
60,415
£42,579
£367,420
22,985
137,078
£88,278
£587,991
1,992
5.057
Charges include Interest on debenture stock.
figures are after allowing for other Income and for discount and
exchange. The sum of $10,000 Is deducted every month from surplus and
placed to the credit of the Renewal Fund.
x After allowing .for other Income received.
82,295
14,942
36,415
185,742
c
52,264
244,945
62,849
1,616
4,158
d These
65,056
326,888
31.337
dcf.856
def.930
1905.
Nov
—
282
848
charges are expenditures for renewals, additions and
Improvements amounting to $131,142 for December, against $89,127 in
1905, and to $675,244 from July 1 to Dec. 31 1906, against $939,737 in
Previous
Year.
$
18,927
62,211
294,058
b Included In fixed
16,631
Bos Revere Beh & Lynn—
Oct
1 to Dec 31
Jan
$
2,583
15,498
.
a
19,508
129,943
£140,517
£500,476
50,154
203,968
_
—Bat. of Net E'ngs.—\
Current
Year.
257,903
l,281,603£def371,906
.
21.729
122,288
Bellefonte Central
Jau 1 to Dec 31
July
Previous
Year.
867,881
18,429
103,579
.Nov
Seaboard Air Line
283,973
1 ,393,672
July 1 to Nov 30..
Texas Central.
Dec
2 ,583
15,498
July 1 to Dec 31.
Tidewater & Western. -Sept
1,390
4,039
July 1 to Sept 30.
Tol & Ohio Central.... .Nov
37,761
182,008
July 1 to Nov 30..
Tol Peoria & West
Dec
24,220
144,986
July 1 to Dec 31
2,947
W'msport & No Brch .Nov
14,339
July 1 to Nov 30.
$
def.5,573
49,974
Atlantic Birin & Atlanta. Nov
July 1 to Nov 30
Bangor & Aroostook
July 1 to Nov 30
Current
Year.
608,194
2,972,496
1,175,334
4,701,270
1,853
£15,193
Cuyahoga Teleph Co.a.Nov
—Int., Rentals. Ac.—-
4,339.406
524,611
2,892,739
949,622
3,719,822
8,573
£28,154
26,903
185,44$
£27,327
Net earnings here given are after deducting taxes,
earnings here given are before deducting taxes.
d The company now Includes earnings of the Denver, Enid & Gulf RR.,
Pecos Valiev system and Santa Fe Prescott & Phoenix Ry. in both years.
For November taxes and rentals amounted to $216,463, against $224,108
In 1905, after deducting which, net for November 1906 was $2,904,811,
against $2,772,260 last year. From July 1 to Nov. 30 1906 taxes and rent¬
als were $1,052,431, against $997,545 last year.
f For Nov. 1906 additional Income was $5,153, against $407 In 1905,
and from July 1 to Nov. 30 1906 was $7,024, against $5,307 last year.
h For Nov. 1906 additional Income was $3,411, against $2,578 In 1905,
and from July 1 to Nov. 30 was $23,806 in 1906, against $18,827 in 1905.
k For Nov. 1906 additional Income was $21,686, against $14,943 In 1905,
and from July 1 to Nov. 30 was $110,412 In 1906, against $69,084 In 1905.
n These llgures represent 30% of gross earnings.
o Including other Income, total Income (exclusive of results of coal com¬
Interest. Charges and Surplus.—The following roads, in
and net earnings given in the fore¬
going, also report charges for interest, &c., with the surplus
above or deficit below these charges:
98,079
936,123
£7,692
£46,718
96,323
707,617
17,733
90,680
Cumb Tel & Tel Co.b..Dec
addition to their gross
£15,025
£77,483
17,802
90,912
def.19,137
&c., were
November
37,072
245,126
380.765
1,088,988
51,999
263,988
Rio Grande Southern.. .Nov
July 1 to Nov 30,
St Joseph & Gr Island.. .Nov
July 1 to Nov 30..
239,005
226,262
$210,629 In November 1906, against $178,544 in 1905, and
In 1906, against $537,471 last year.
s Includes $502 other Income for Nov. 1906, against $473 In
$2,463 from July 1 to Nov. 30 1906, against $2,181 last year.
V For November additional Income and net profits from coal,
$59,820 tills year, against $77,220 last year, and from July 1 to
30 were $224,587 this year, against $292,668 last year.
£7,162
£25,201
10,835
72,641
5,638
36,085
1 to Nov. 30 were $914,020
£10,358
£48,631
13,636
104,369
4,962
35,686
were
2,443
42,954
8,333
91,665
518,827
591,525
896,998
2,959,878
panies) for November Is $1,287,540 In 1906, against $1,280,647 In 1905, and
ior period from July 1 to Nov. 30 Is $7,196,700 in 1906, against $6,362,077
Deductions from total Income for additions and Improvements
£30,510
£158,489
def2,043
70,819
38,047
624,633
2,131,128
2,726
£172,021
£808,632
8,333
91,665
237,536
1,197,269
In 1905.
283
£def2,4S0
£51,061
£36,338
£167,528
.Oct
.
215,932
1 ,204,423
b Net
def753
48,109
6,672
60,722
6,834
29,000
6.959
9,947
49,732
602,976
3,094,342
L- a
'
6,766
Nov
.
1,755
29,812
222,157
86,641 £def 14,260
433,205
£66,227
054,638
£27,410
02 60,299
£01,334
61,031
£124,409
332,628
£818,152
20,016
£24,581
100,690
£141,681
30,099
3,174
24,627
1
(/3 00,189
354,540
(/366.420
1,742,975 dl ,942,893 dl ,823,338
07,659.
Dec
_
12,890
80,511
W'msport & No Brch.a.Nov
11,402
74,210
July 1 to Nov 30.
Wisconsin Central, b.. ..NOV
609,201
3,211,982
July 1 to Nov 30.
S21.154
Wrightsv & Tennllle. b. .NOV
S99.360
July 1 to Nov 30.
Yazoo & Miss Valley.a. .Nov
899,200
3,630,456
July 1 to Nov 30.
26,664
111,961
Manistee & Northeast_ -Oct.
Jan 1 to Oct 31.
502,706
2,438,497
158,140
686,791
62,838
313,609
Kanawha & Michigan.. .Nov
July 1 to Nov 30.
29,510
1,294,005
1/95,027
1/588,188
Western Maryland.a. ..Nov
437,651
2,204,68 0
July 1 to Nov 30.
530,944
Wheeling & Lake Erie. bNov
2,630,725
July 1 to Nov 30.
ao 1,922
0259,854
_
def39,790
1,366,805
1/125,407
1/749,329
209,255
1,019,450
4,383,784
347,848
1,949,036
87,641
438,205
..
.
$
363,206
1,777,664
Nov
RR
1 to Nov 30.
.Nov
Valley.
1 to Nov 30.
—Bui. of Net E'ngs.—
Current
}>revious
Year.
Year.
$
$
Previous
Year.
■
9,071
102,640
fl 6,246
/173.889
11,491
/18.151
f87,928
1 Includes sinking fund and preferred stock
x After allowing for other income received.
Previous
Year.
$«
138,017
1,359,284
6 407
5,102
27,655
77,092
17,096
11,063
68,080
12,150
80,742
10,006
75,793
25,567
227,883
def. 5,709
73,082
24,947
203.710
8,438
£32,231
£153,089
3,241
£32,306
£105,403
'
dividend,
10,964
42,969
Jan. 26
1907.]
THE CHRONICLE
217
STREET RAILWAYS AND TRACTION COMPANIES.
Latest Gross Earnings.
Name of
.'Road..
Week or
Month.
Jan.
•j
Current
Year.
Albany 6c Hudson
December
qAmerican Rys Co... j December
cAur Elgin & Chic Ry! December
BingbaratonRy
1 November.
Birin Ry Lt & Power!.November.,
Brockton & Ply StRyjNovember.
Burlington (Vt) Trac December
Camden«ScTrenton Ry;September
S
r
27,125;
Cape Breton Elec Co.[November.
.
.
._
1
2u,:
iuo.047;
date.
Current
Year.
Previous
Year.
$
$
Montreal
Oct
Ij 2,739,787
2,479,553
i
276.883
254 .573
(
1,742,6^5
1.447,320
,634;
109,383
7,214
6,882
21.5G4
22,801
Jan
!
.
Havana Electric Ry
Wk Jan 20
Honolulu Rapid Tr &
Land Co
November.!
Houghton Co St Ry.. November.
Houston Electric Co. November.:
Illinois Traction Co.. November.1
Indlanap Col & South December {
Jackson Consol Trac. j December |
Jacksonville Elec C J November.,
.
Kan City Ry & Light November.;
Lake Shore Elec Ry. December
Lex & Interur Rys Co November.:
Lorain Street Ry
September
Madison & IntTrac.. December
Manila Elec Ry & Ltg
Corporation
December.
1
621,830
5 37’, 140
j
050,884
601,828
39,603!
80,615
78,439
20,153
52,430’
17,7921
118,324
4,501]
Met West Side Elev.. \
Milw Elec Ry & Lt Co
Milw Lt Ht <5t Tr Co..
Montreal Street Ry..
Nashville Rv & Light
N J & H R Ry&Fy Co
N O Ry 6c Light Co.
December
.
December
December
December
November.
November.
November.
Nlagara St C & Tor.. October
_.
Nor Ohio Trac & Lt.
Norf & Portsm Tr Co
Northern Texas Tr Co
Northwestern Elev..
December
November
October
Oklahoma City Ry..
Peeksklll Light & RR
Pitts M’K & Green..
Portland Rys Co
Puget Sound Elec Ry
St Joseph (Mo) Ry Lt
Heat & Power Co..
Savannah Electric Co
December I
November.;
Schuylkill Ry Co
South Side Elevated.
Syracuse Rap Tr Ry.
Tacoma Ry & P Co..
Tampa Electric Co..
Terre HauteT & LCo
Toledo Rys & Light.
Tol (Jrb & Inter Ry..
Toledo & Western
Toronto Railway
Trl-Clty Ry & Lt Co.
Twin City Rapid Tran
United RR of S F
United Rys of Balt..
United Rys of St L._
Wash Alex A Mt Ver.
Western Ohio Ry Co.
Whatcom Co Ry & Lt
j
_.
December.!
November.
November. |
September
99,708]
410,023 i
884,200
844,222
19,841
594,874
824,064
245,089
543,226
271.100
045.849
i
25,801
11,637;
32,485:
12,236
12,564
144,322
48.791
November.]
75,437
186,848
December
;
December
October
:
September
;
28.792
Wk Jan 19!
21,654
57,295
143,434
October
2d wk Janj 101,853
October
1 *541,008
December !
December : 782,515
December j
18.459
October
35,040
November.
27,269
__
1.457,881
1,007.813
862,171
287.876
173.896
245.717
139,582
94,882
89,199
26,588
318.322
15,215 1
209,269
57,105
52,236
537,230
267,290! 218,258 2,710,943
21 ,087!
19,135
240,034
10,908!
10,573
145,342
33.4681 22,423 !
294,584
466,220
431,485 4,985,364
66,500
866,970
70,845;
40,148
483,699
13,191
108,209
12,133
130,128
November.!
_
1,704,505
350.078
29,206!
18,545;
September i
December
1
93,142!
147 .lil
16.101
175,498
36,753
i
35,671!
75,147
45,049
14,976
147,578
104,816
72,727
November.)
199,464
40.369;
31,220!
180,163;
78,240
December ;
November.!
87,171
210,488
297,405
48,336
236,945
106,765
30,689
444,271
21,571
129,806
115,493
57,797
135,158
10,174
10,125
13,440
198,131
123,472 k 1,538,828
55,143
73,025
50,420
730,462
20,528
93,381
110,126
1,411,927
113,133
168,751
1,692,764
834,438
562,558
fsV.ii?
90,953
60,555
45.108
55,459
175,745
26,766
25.108
52,877
120,179
91,090
638,319
293,706
150,212
470,900
2,194,940
210,259
124,653
282,018
4,432,531
788,268
177,181
133,199
754,954
532.086
1,7 21 ",207
1 ,099,762
1,645,653
964,233
428,058
374,408
739 ,889
2,047,610
289,232
568,694
,913,456
252,004
180,236
1
177.648
204,812
182,022
6,579,821
0,146,348
273.266
6,023,698
8,460,016
251,641
Jan
decrease due to earthquake, fire and strike among employees, Aug. 26 to
Sept.
5 1906. k Decrease due to Lewis & Clark Exposition last year,
p includes earnings of Canton-Akron Consol. Ry. for entire year,
n Fig¬
departments.
Street Railway Net Earnings.—The following table
the returns of STREET railway gross and net
gives
earnings
reported this week. A full detailed statement, including all
roads from which monthly returns can be obtained, is
given
once a month in these
columns, and the latest statement of
this kind will be found in the issue of Dec. 29 1906.
next will appear in the issue of Feb. 2 1907.
Bs>ads.
Albany
6t
Hudson.a...Dec
July 1 to Dec 31
Aurora Elgin 6c Chic.b.Dec
July 1 to Dec 31
Brock 6c Plym St Ry.a.Nov
Cape Breton El Co.a..Nov
Charleston Consol Ry.b Dec
Meh
1 ,740
1 .327
8,793
7,799
57.644
546.579
54 ,596
510,057
19,731
204,941
21 ,226
205,708
Nov
35,671
350,078
25,479
203.830
9,670
7,970
88,917
Elect Co a..Nov
to Nov 30
25.801
Dec 31
Co St Rv a_.Nov
1 to Nov 30
Houston Elect Co.a
Jan
1
Nov
to
Hud Val Ry Co.b
Oct
July
Jacksonville
Jan
1
El
Jan
Hr
to
104.081
10,652
8,765
245,717
113,908
18.545
15.215
209,209
150,212
0,551
75.341
4,148
def 0.291
57,105
52,230
470,900
21 ,907
190,359
18,664
187,170
22,704
144.970
41 .092
_
-
El Co a
Nov 30
121.14 2
353,581
.....
.
Dec
.Nov
585,317
112.460
324,230
520.4 24
213,590
10.908
106,138
10.573
93,207
3,612
3.267
43,600
37,149
33.468
294,584
22 ,423
282,018 ■
13,229
111 .057
116,243
6c Lt.b
Dec
326,065
Dec 31
3,523.439
Milw Lt Heat 6c Tr Co.b Dec
56,379
Jan 1 to Dec 31
702,222
1
22,523
287,876
537.230
to
Jackson Consol Tr Co
May l to Dec 31
Milw
Nov
30
Dec 31
1 to Dee 31
1 to Dec 31
1
Jan
40,181
307,401
6,595
Houghton
Jan
43,634
336,288
20,482
to
1
-Net EarningsCurrent
Previous
Year.
Year.
$
$
7,755
5,223
55.583
50,513
7,214
El Paso Elect Co.a
Jan 1 to Nov 30
Jan
91 ,307
632,193
The
22.861
1
Galveston
100.547
700,089
to
297,465
3,226,535
48,336
609,000
168,123
1 ,788,852
Dec 31
Jan
Elect Co.a._Nov
to Nov 30
159,999
206,142
7,207
1 58 .900
1 .675,071
31,344
28.775
424,806
356,443
S
884,205
786,091
16,101
10,174
7,449
84 ,581
4,561
490 ,986
169.998
429,005
843,018
12,455
216,348
190,597
453,656
833.343
41,009
467,287
246,740
39,971
415,515
1 .036,835
1 .912,352
45,049
562,558
50(420
532,086
90,953
104,816
1 ,099 ,762
964,233
510,223
582,645
Nov
48 J01
75,437
739,889
45,108
374,408
55,459
568,694
United Rys of St L_a..Dec
782,515
Jan 1 to Dec 31
9,146,348
to
Nov 30
428,058
WhatcomCoRy&LtCo
Net
b Net
a
Nov
a.
earnings here given
earnings here given
1
to
20,898
31 ,538
314,872
21 ,576
193,855
730,462
8,460 -,016
318,924
3,578,936
301,940
3,141 .647
21,588
11 ,255
6,442
Charges and Surplus.
-Hal. of Net E'ngs.—
Current
Previous
Year.
Year.
Previous
$
Nov
Nov 30
Jan
1
to
Nov
Nov 30
Houston Elect Co
Jan 1 to Nov 30
Nov
Hudson Val Ry Co—
Oct
1 to Dec 31
July 1 to Dec 31
Jan
1 to Dec 31
Dec
Ja«ksonvllle Dlcct Co.__Nov
Jan
1
Milw Elec
Jan 1
to
5,000
30,000
463
223
11,833
20,513
26,186
156,695
24,450
146,643
17,448
179,593
15,731
160.758
def501
1,813
1
1,828
def73
4,250
4,349
4,543
3,450
13,349
130,349
13,167
131.217
6,382
74,592
8,059
74,551
4,066
43,026
3,823
39,521
5,610
61.655
4,167
4,167
6,485
68,134
2,644
32,321
11,086
99,428
4,147
49.396
4,598
3,907
43,020
3,749
39,870
10,821
90,931
11,422
101,400
49,729
101,820
235,813
Jackson Consol Tr Co
May 1 to Dec 31
Nov 80
2,966
23,208
399
def46,161
7,242
85,770
64,218 Xdef24,440 Xdef21,541
131,982
X51.454
X35.519
X 1ef6,706 xdef40,768
259,483
'>
3,475
37,228
Ry A Lt Co_Dec
$
7,922
43,750
45,834
Houghton Co St Ry
227,529
158.085
Roads.
Galveston Elect Co
22,007
221 ,586
177.16S
-lnt.. Rentals, <Sc.—
Charleston Consol Ry__Dec
Meh 1 to Dec 31
El Paso Elect Co
Nov
Jan 1 to Nov 30
270,646
after deducting taxes,
before deducting taxes.
Current
Albany & Hudson
Dec
July 1 to Dec 31
Aurora Elgin 6c Cldc
Dec
July 1 to Dec 31
Brock & Plym St Ry.-Nov
Cape Breton Elect Co.-Nov
60,825
20,436
27,269
are
are
Interest
Jan
158,195
186,326
429,720
580,030
,225,893
2,261,631
July 1 to Dec 31.
Tampa Elect Co.a
1
52,232
165,456
282,645
201 .551
4 74 .194
1
1 to Dec 31
Jan
262,066
177,181
Syracuse Rap Tr Co.b.Dec
96,873
2,796
22,150
646
471
20,392
14,909
3,391
34,531
9,754
3,816
73,829
81,712
1 ,073,514
83,086
931,016
X180,191
X871.128
Milw Lt Heat & Tr Co__Dec
Jan 1 to Dec 31
28,417
324,715
22,806
255,312
X32.995
X130.917
Montreal St Railway
Oct 1 to Dec 31
N Y & Queens Co—
Oct
1 to Dec 31
July 1 to Dec 31
39,122
119,008
22,610
65,747
42,260
176,505
X179.254
x866,21ft
X36.097
X131.259
52,340
196,319
50,817
102,038
203,725
50,986
102,296
204,066
x4,616
X72.272
X94.778
X12.369
x61 ,355
X75.819
101 ,770
209,159
402,665
T92.237
X77.893
188,052
369,316
x2 32.256
Jan
to
Dec 31
Dec
1 to Dec 31
Rochester Railway—
Oct
1 to Dec 31
July 1 to Dec 31
Jan
1 to Dec 31
Elect Co-___Nov
11,300
124,825
24,358
279,915
1,155
X106.913
X280,003
X482.563
10,852
91 ,523
104,797
16,651
187,372
X459.174
144,141
11,155
116,789
20,723
245,358
123,037
102,605
19,248170,157
104,492
Nov
453
743
1,894
20,813
19,983
176.325
19,004
137,272
Terre H’te Tr & Lt Co. .Nov
Jan 1 to Nov 30
15,150
151,432
11,661
115,126
198,609
2,387,915
16,388
163,440
9,915
78,729
120,898
1,201,460
103,331
753,732
3,358
7,150
3,084
Jan
1
to
Nov 30
Syracuse Rap Tr Co
21,588
Figures for the month In both years Include operations of the Scranton
Ry., acquired Jan. 1 1906.
c These figures are for consolidated company.
d These are results for main line,
h These are early preliminary returns:
-Gross Earn'gsCurrent
Previous
Year.
Year.
S
$
27,125
25,241
199,169
193.738
1
Savannah
a
ures are for all
Dec 31
Dec 31
Dec 31
1 to Dec 31
Savannah
263,836
71909,080
2.493,089 2,267,938
3,523,439 3,226,535
702.222
609,000
3,193,152 2,788,725
1,258,858
1,054,623
400,393
332,600
5,220,685
225,447
210,484
pi ,703.340 pi ,552,970
1,356,348 1,236,644
1,515,361
to
295,603
Co.b—
Terre H’te Tr <fc Lt-Co.a Nov
Jan 1 to Nov 30
10,075
13,543|
P85.300
241,474
326,065
56,379
266,953
120,785
33,501
506,534
22,058
141.709
127.256
93.458
1
Jan
03,913;
..Dec
Rochester Railway, b—
Oct
1 to Dec 31.
July 1 to Dec 31
1
07,044!
Roads.
St
Railway
to Dec 31
Oklahoma City Ry Co..Dec
.01798189.
Galveston Electric Co November.!
Hartf & Spring St Ry December
1
N Y & Queens
Oct
1 to
July 1 to
Jan
1 to
91 .307
21
.
latest
to
Net Earnings
Current
Previous
Year.
Year.
8
$
81,382
74,950
—
i
234,983
.
Cent Penn Traction
| November.
Chari Con Ry Gas & El | December
Chattanooga Rys Co. [October...
Chicago & Milw Elec. | December
dChlcago & Oak Park; December
Cleve Painesvllle & El December
Cleveland & Southw. I December
Columbus RR Co
(September i
Dallas Electric Corp.lOctober
Detroit Mon & Toledo 2d wk Jan
Detroit United Ry
3d wk Jan
Duluth Street Ry
3d wk Jan
E Liverpool Tr&LtCo September
East St Louis & Sub. November.I
El Paso Electric.___. November..
Ft Wayne & Wabash
Valley "Traction
November.
Year.
1
Gross Earn'gCurrent
Previous
Year.
Year.
$
5
2667953
236.945
812.036
719,369
Dec
Jan
1 to Dec 31
July
1 to Dec 31
-
Tampa Elect Co
Jan
1
to
Nov
-
30.
United Rys of St L
Jan 1 to Dec 31
Dec
198,026
2,377,476
Whatcom Co Ry & Lt.Nov
4,105
x After allowing for other Income.
„
ANNUAL REPORTS.
Annual Reports.—The index to annual reports is omitted
this week because of the publication of the
“Railway and
Industrial” section, which contains references to the reports
of the principal steam railroads and industrial
companies
printed in the “Chronicle,” not including to-day’s issue.
Toledo Railways & Light Company.
{Report for Fiscal Year ending Dec. 31 1906.)
President Henry A. Everett says in substance:
»
Earnings.—The gross receipts were $2,047,611, being an Increase over
1905 of $134,155; oper. exp., $1,071,773, being 52.34% of gross.
Interest
charges on funded and floating debt were $509,607, leaving a net Income
of $406,230, being 3.89% on stock.
During 1906 there was operated 107.64 miles of track, earning $1,536,525,
being earnings per mile of track, $14,275.
Comparative Statement of Gross Earnings of Properties Now Owned.
Year.
1898
Gross
earnings.
$897,301
908,517
1 .069.280
1 .182,517
1 .311 ,084
7\ C. i
inc.
\ Year.
11902.
7.93|1903
10.40|1904
10.59|1905
10.88|1906....
....
...
Gross
P. C.
earnings.
$1,459,091
1,063.794
1.752,834
1,913,456
2,047,611
11.29
14.03
5.35
9.17
7.01
inc.
Bonds.—Tlie company Is entitled up to Dec. 31 1900 and will
apply to
have certified $126,000 of its 4% bonds, which will make
$543,000 of these
bonds in the treasury.
These bonds are Issued for 75% of actual cost of
betterments and extensions and are not included in the $4,866,000 4%
bonds below mentioned.
Track.—A quarter of a mile of additional track was constructed on Starr
Avc. to connect with the tracks of the Toledo Port Clinton & Lakeside
Ry.
Co. to allow them to enter the city by way of Starr Ave.
There has been
reconstructed with 9-In. 90-lb. rail, 2.26 miles; with tee rail 1.33 miles;
total. 3.59 miles.
A large portion of the remaining light-weight special
work has been renewed during the year
with 9-ln. guarantee construction.
The company in the past five years has rebuilt with new rail
three-fourths
of all Its tracks and special work.
218
Cars.—There were built at our shops:
One 49-ft. excursion car: one 43-ft.
express and freight car and 6 flat cars.
There were purchased 20 semiconvertible cars with double trucks.
All cars and equipment have been kept
In the very best condition.
Power Station.—The two 3,000: K.W. each turbines and alternating-cur¬
rent generators ordered last year have not been delivered, but the General
Electric Co. Installed at their expense, for temporary use, one 2,000 K.W.
turbine until those ordered could be delivered.
All other machinery or¬
dered has been received and placed in operation, including two 1,000 K.W.
each rotary converters for street railway system, one 1,000 K. W. motor
generator set for 1). C. lighting system, one 125 K.W. exciter set, all with
necessary switchboard and appurtenances.
Underground System. &c.—The capacity of the conduit system has been
Increased 31,319 duct feet.
The company now has a total of 426,154 duct
feet of conduit in about 9 miles of streets and alleys.
There was installed
22 miles of trolley wire.
Light and Power.—We are now supplying the city with 1,376 arc lamps
for street lighting, an Increase for the year of 45; are supplying current for
an equivalent of 167,080 16-C.P. incandescent lamps, an Increase of 8,837;
and are supplying current for 8,342 H.P. in motors, an increase of 1,759
H. P.; increase in meters Installed during the year, 15*4%.
On Jan. 1 1906 the price of electric lighting to private consumers was
fixed at 9c. per K.W. hour, as against 12c. per. K.W. hour.
In Oct. 1906 the company entered into a contract with the city
for lighting all the public streets, alleys, lands and other public
of Toledo
places for
period of ten years from Jan. 1 1907, and will discontinue furnishing any
free light or power after Jan. 1 1907, which under the previous contract
amounted to about $7,000 per year.
The company contracted with the
city to place what is known as the “magnetite arc lamps,” which can be
operated much more economically than the old style arc lamp.
Other Roads.—Seven Interurban roads now enter over the company’s
a
tracks
[ VOL. LXXXIV
THE CHRONICLE.
contract.
on
A contract to allow its cars to enter the city over the company’s tracks
entered into with the Toledo A Point Place Ry. Co., which has since
consolidated with the Ottawa Beqch & Southern Ry. Co. under the name of
the Toledo Ottawa Beach & Northern Ry. Co.
(V. 84, p. 52; V. 83, p.
was
1172, 1525).
This company’s cars will enter the city not later than May 1
1907.
They are at present transferring passengers to the city cars at the
Casino.
During the
the Ottawa Park Street Ry. Co., whose entire capital
year
stock is owned by the Toledo Railways & Light Co., secured a franchise for
25 years on Upton Ave. to connect with the Toledo Railways & Light Co.
tracks at Dorr St.
This Ottawa Park Street Ry. is operated by the Toledo
Railways & Light Co. from its Dorr Street Line.
Stockholders.—The company now has 1.309 stockholders of record.
RESULTS FOR LAST FOUR CALENDAR
YEARS.
BALANCE SHEET OF RAILWAY CO. DEC. 31
Assets—
Stock of Chicago A Oak Park
Preferred stock
;Common stock
El.RR.Co.($9,149.642) and
income bonds Chicago & Oak
Park El. RR. Co.
(parT
$864,100), carried at
Notes receivable
Cash
on
.$9,294,294
4.257
..
1,239
17.233
448.600
-
Notes
p.
$12,966
Preferred stock..
Common stock
1,608,500:
..
-58.700,900
—
In escrow to be issued -
$7,682,555)
hand
Total
—V. 82
$3,044,800
5,656,100
,
:
1905.
Liabilities—
-
payable
j
Total
1437.
$9,292,294
American
Pipe Manufacturing Co.
(Report for Fiscal Year ending Dec. 24 1906.;
This company, of -which Jos. S. Keen Jr. is President,
Geo. M. Bunting Vice-President and Treasurer and H.
Bayard Hodge Secretary, was incorporated in New Jersey
Jan. 31 1889 as engineers and contractors of water works,
operators of water works and manufacturers of Phipps
hydraulic pipe. Plant at Germantown Junction, Pa. Con¬
trols some 18 or more water companies.
Earnings of American Pipe^Manufacturing Co.
Net earns. Div. paid.,
Net earns. Die. paid.
$618,043
$489,OUU 1992
$320,787
$292,565
588,669
352,482 | 1901
286,501
108,000
414,654
240,000,1900
266,403
96,000
338,047
240,000)1899.-.
201,664
96,000
1996
1905
1904
1903-.--.
BALANCE SHEET DEC. 31.
1906.
1905.
i
•
1906.
Assets—
$
S
!
$
Liabilities—
Bonds, book value..4,141,834 3,694,698; Cap.stock (parSlOO) 5-000.000
Stocks, book value.. 383.837
327,855; Undivided profits
1,663,814
Unfinished contracts 263,055
264,8451 Dividend due Jan. 1.
120,000
< Bills
Real estate (clear of
payable.
650,000
64.070 Book accounts owing
incumbrance)
66,591
43,53*1
Book accts. due co..
763,514
970,994i
Bills receivable
737,856!
1,269,653
Merchandise on hand
62,698 i
63,116
Cash on hand .1
525,744
395,849;
.
-1905.
S
,000,000
,525,771
120,000
825,000
48,101
-
Gross
earnings
Operating expenses
Operating expenses,
1906.
1905.
1904.
$2,047,610
$1,913,456
$1.752,834
1 ,071 .773
$972,994
(50.85)
$923,209(52.67)
$975,837
$940,462
509,607
510,307
$829,625
499,875
$807 ,268
488,200
$329,750
(2.75)
$319,067
(52.34)
p.c.
Net earnings
Interest paid
$430,154
$466,230
(3.58)
(3.89)
(.2%) 240,000(2%) 240,000
Balance for stock
P. e. of capital.
Dividends
$226,230
988,830
Balance, surplus
Surplus beg. of year
Total
Reconstruction account
Uncollectible accts., Ac.
-
Surplus end of
SI ,215,060
32,69 11
1903.
$1 ,663,794
$856,526
(51.48)
(2.66)
—
$190,000
841,806
$329,750
$1 ,031 .806
42,976
$875,94 1
546,191
34,135
$319,067
367,934
$687,001
140,810
2,680/
$988,830
year.. $1,179,689
BALANCE SHEET DEC. 31.
1
1905.
1906
$
$841,806
1906.
$546,191
1905.
s
S
12,000,000 12.000.000
and
Capital stock..
equipment
23.597,970 23,013,2991 Funded debt.. -.-10,866.000 10.854.000
417.000
-<«)
Other
1 Treasury bonds
permanent
investments
1,185,680
742,6251 Accrued interest,
259,210
191,070
Cash
57,144
85,476| taxes & exp
Assets—
Cost of road
Liabilities—
$
...
...
Bills and accounts
Bills and accounts
F receivable
493,428
Materials A supp.
Other assets
145,705
11,181
25,491,108
Total
$209,000 bonds were in
—V. 84. p. 160
a
486.0591
637.809
payable
131,370
96,8841 Other liabilities
88,910! Profit and loss (surI
plus)
1.179.6S9
21,513,253!
the
988,830
25,491,108 24,513,253
Total
treasury,
277,228
202,125
but not included in the balance sheet.
Chicago & Oak Park Elevated Ry.
(Report for Fiscal Year ending Dec. 31 1906.)
President Redmond D. Stephens, Jan. 10 1907, writes:
The company now
Co.:
Income bonds,
holds of the Chicago A Oak Park Elevated Railroad
par value $864,100; stock, 91,496 425-1000 shares
($9,149,642); and notes (demand obligations) for moneys loaned to said
company, $1,608,508.
The Rail way Company has Issued, and now has
outstanding, $568,500 of its notes (demand obligations) in addition to
which there is the debenture note of $350,000 Issued by tlie Chicago & Oak
Park Elevated Railroad Co. and by that company endorsed over and guar¬
anteed to the Northwestern Elevated RR. Co.
The earnings and balance sheet of the railroad (operating
company) for the year ending June 30 1906 and the balance
sheet.of the railtcay (holding company) on Dec. 31 1906 are
given below:
EARNINGS. Ac.. OF RAILROAD FOR YEAR
ENDING JUNE 30.
1905.
1906.
Deduct—
S31,767
$53,467
Earnings —Passenger .$863,037 $821,196 Reserved for taxes
84,654
86,865
IS.302 Rentals leased roads..
23.146
Other
Interest on debenture
note
7,000
7.000
Total earnings
.$886,783 $839,498
Exp.—Malnt. way.Ac. $19,499 $24,624 Interest on car equip.
43.419
and other notes
49,480
41.659
Malnt. equipment
46.657
228,300
228.300
4 13.892
413.643 Interest on bonds
Conduct, transp’n
26.004
26,490
General.Totals
$425,072 $395,140
$40,156 $58,125
Tola!
$505,538 $505,930 Deficit
Add—For int. on notes
Years end.'June 30
-
-
—
1906.
1905.
.
-
.
-
...
-
$381,244 $333,568
Netearnings
3.772
Other income
to
railway company
52,722
3.447
S92.77S $110,847
,$385,016 $337,015
BALANCE SHEET OF RAILROAD CO. JUNE 30.
Total deficit
Total income
Assets
1906.
$
—
Construction
190(5.
1905.
§
and
.17 ,429.061 17.401,793
equipment
Right of way and
property
Cash and accounts
receivable
Mat'ls A supplies.
St >cks end bonds
435.154
432,422
19.149
2.335
10.984
7.609
9,109
584.000
73.631
258,343
5S3.000
73,362
-
1st mtge. bonds as
1
collateral
-
Unadjusted accts.
Deficit
Total
1905.
$
$
10.000,000 10.000.000
Capital stock
5,000,000
Mortgage bonds.. 5,000.000
1.000.000
Income bonds
1,000,000
2.304,150
Notes payable.-.. a2.394.500
43,000
40.000
Car equip, notes..
27.299
44.986
Contract obliga’ns
8.363
5,238
Real estate mtges.
150,000
150.000
Secur. borrowed..
Accrued taxes
22.200
15,000
Accrued interest..
613]
62,741
Accr’d int. on notes
)
to railway
115.178J
47,995
Accounts payable.
55,557
Liabilities—
165.565
18.809.586 18,076,235
Total
1S.S09.586 1,8,676.235
Includes: Debenture note (for debt to Northwestern L), $350,000: Chicago A
Oak Park Elevated Railway Co.. $1,040,000. "only a bookkeeping item.” reprejfrnting cash raised at organization; Chicago & Oak Park Elevated Ry. Co., $511,500
notes secured by first mortgage bonds as collateral, $493,000.
a
Total
.7,477,344 0,518,872|
Total
•_
7,477,341 6,518,872
Note.—Not included in the above statement of assets for 1906 were 48.613
shares of the capital stock of other companies, chiefly water companies, par Value
$3,639,800; sundry bills receivable, not immediately collectible, amounting to
$65,699; also patent rights, factory buildings, machinery, office furniture and fix¬
tures.
Directors.—Joseph S. Keen Jr., Geo. M. Bunting, Howard Watkin, Geo.
Reynolds, Geo. M. Booth, Win. II. Miller, Win. B. Scott. E. Eldridge
Pennock.
Office, 112 North Broad St., Philadelphia.—V. .84. p. 160.
Keystone Telephone Company of Philadelphia.
(Report for Fiscal Year ending June 30 1906.)
President N. T. Folwell, Oct. 20 1906, writes in substance:
Properties, Ac.—The present management assumed control July 1 19U5.
The company holds a perpetual charter from the State of Pennsylvania
and a perpetual franchise from the city of Philadelphia, neither containing
It owns six exchange buildings,
any restrictions as to rates for service.
either fireproof or seml-iircproof, and underground conduit system with a
capacity of 11,648,439 duct feet, located In 278 miles of street, containing.
1,926,419 feet of cable.
Over a large part of Its system tlie company has
more ducts than are required for its own use, which, being available for
electrical enterprises, form not only an Important asset but will ultimately
become a valuable contributor to tlie income of the company.
The
switchboard capacity is 16,800 lines, of which 11,989 lines have been In¬
stalled and 20,888 telephones are In use.
In addition the company owns the entire capital stock of the Keystone
State Telephone & Telegraph Co., having 7 suburban exchanges, 1,625
miles of toll line circuit, and 793 subscribers.
In April 1906 we acquired
also tlie stock of the Eastern Telephone & Telegraph Co. of Camden, N. J.,
consisting of 7 exchanges with 2,300 telephones, located in Camden.
Gloucester, Cape May City and several smaller suburban places.
By this
purchase an additional Interest in the Camden A Atlantic Telephone Co.
acquired, giving us control of that property.
Through ownership of these properties connection is made with a net¬
work of long-distance lines, which Insures us a valuable toll business.
Capital Stock.—The capital stock of the Keystone Telephone Co. of
Philadelphia, amounting to $2,500,000, Is all owned by the Keystone
Telephone Co. (of New Jersey).
The latter company has outstanding
$5,000,000 common stock and $1,936,850 of an authorized issue of $5,000,000 non-voting preferred stock.
A majority of tlie common stock is held
in a voting trust, tlie voting trustees being closely identified wltii tlie ad¬
ministration of the Keystone Tel. Co. of Philadelphia.
All of t lie outstand¬
ing capital stock of the Keystone of New Jersey, or its equivalent in voting
trust certificates, is in the hands of the public.
Improvements.—On assuming charge, the present management found
that tiie Keystone not only had readied the limit of Its facilities but was in
need of financing to take care of the expenditures already made and to
This
provide funds for the extension of the plant and for working capital.
was accomplished through the issue of $4,000,000 first mortgage 5% gold
bonds, out of a total authorized issue of $10,000,000.
The mortgage pro¬
vides for future development and improvements by a possible issue of not
to exceed $600,000 bonds in any one year.
Under tills provision there
have been issued $275,000, making a total of $4,275,000 outstanding.
With tlie funds provided the plant was Increased by 1,125.000 feet of
underground conduit; 385,000 feet of additional cable were installed;
liberal extensions were made to the distribution lines; three sections were
added to tlie West Philadelphia switchboard, and a number of other
general improvements made.
These improvements involved an expendi¬
ture of $831,580, and have practically doubled our facilities.
All the Im¬
provements were not completed until tlie latter part of the fiscal year and
it will be some months still before all will be earning full revenue.
Acquisition of AJew Business.—As quickly as tlie Improvements to the
plant would permit, the soliciting of new business was actively taken up.
witli tlie result that, although the canvass could not begin until the latter
half of the fiscal vear. tlie telephones In service have been increased from
17.000 to 21,000, as of .June 30 1906.
On Sept. 30 1906 the telephones of
the Keystone of Philadelphia, tlie Keystone, State and the Eastern in use
aggregated 24,846.
Maintenance.—While no reasonable expense has been spared to keep the
property in first-elass condition, the charges therefor have been low, owing
to the thorough construction of the plant.
To provide for ultimate re¬
placements a reserve fund has been created by a charge of $4 per telephone
ncr annum.& At the close of tlie present fiscal year this reserve aggregated
was
$171,476.
COMBINED
PROI'IT
AND
r Keys tone Telephone Co. of
(of New Jersey), the
Eastern Telephone &
Gross
YEAR ENDING
ACCOUNT FOR
LOSS
JUNE 30
1906.
Philadelphia: the Keystone Telephone Co.
and the
Keystone State Telephone & Telegraph Co.
Telegraph Co.]
—$830,049
earnings
Operating and maintenance charges.
vision for doubtful debts
Net earnings
Reserves for renewals
Interest charges
Surplus June 30 1906
5.9.645
-----
•---
-
214 .-33
^
R7(.
S77.218
-
84-,085
-
-
Note.—As tlie Eastern Company was not taken over until
of the year only is Included.
income for tlie last quarter
r„
4a8,Qj5
--7
-
profit for the year
---«
Surplus account of June 30 1905
Net
Including taxes and pro-
Apr;
$419,301
VJ06, It
Jan. 26
1907.]
THE CHRONICLE,
COMBINED BALANCE SHEET JUNE 30
1906.
[Keystone Telephone Co. of Philadelphia, the Keystone Telephone Co.
(of New Jersey), the Keystone State Telephone & Telegraph Co. and the
Eastern Telephone & Telegraph Co.]
r-
$
Liabilities—
$
Assets—
Cost of property
Incl. stks. 12,230,560 Cap.stk.Key.Tel.Co.ofN.J.—
Preferred, 6%
1,936,850
105,814
Materials and supplies
144,752
Cash
Accounts and notes receiv¬
Bds.(l) Key.Tel.Co.ofPhlla.—
86,085
62,725
31,573
able
Renewal reserve fund
Accrued assets, &c
Total
-V. 82, p.
5,000,000
Common
First mtge. 5% bonds._
1st M. 6% coll. tr. bonds
4,275,000
297,000
(2) East.Tel.& T. 1st 5s
250,000
Accounts payable, reserves
& other current liabilities
Renewal reserve
311,882
171,476
Surplus
419,302
Total
12,661,509
12,661,509
1044.
Consolidated Gas Co., New
219
export for Galveston will be diverted over this route Instead of being sent
around Newton, Kan.
The survey for the new line has been made and the
company expects to begin construction In a short time.—V. 84, p. 101,50.
Atlantic Coast Line
RR.—Equipment Trust Notes Offered,
—Brown Brothers & Co. and the Guaranty Trust Co.,
of New York, are offering at prices to net the investor
both
$4,500,000 equipment trust 4% gold notes of
$1,000 each (c*), dated March 1 1907 and maturing in 20
semi-annual installments of $225,000 each on Sept. 1 from
Sept. 1 1907 to March 1 1917 inclusive; interest payable
March 1 and Sept. 1.
Safe Deposit & Trust Co. of Balti¬
more, trustee.
A circular says:
per annum,
These equipment notes are a direct obligation of the railroad company,
and are secured by standard equipment consisting of loO Baldwin loco¬
motives, 2,500 steel under-frame box cars, 750 steel under-frame flat cars,
and 50 passenger coaches, costing In the aggregate $5,000,000.
The total
Issue of these notes amounts to $4,500,000, the balance, $500,000, to be
paid In cash.
Title to this equipment is retained by the trustee until the
last Installment of both principal and Interest Is paid.—V. 84, p. 101, 50.
York City.
{Report for Fiscal Year ending Dec. 31 1906.)
r^TAt the annual meeting on Monday no statistics of operaBoston & New York Air Line RR.—Merger Approved.—
tionjwere given out, but a long statement was made regarding The stockholders on Jan. 23 voted
to merge the road with
the investigation of the affairs of the company by the Gas
the New York New Haven & Hartford RR.—V. 82, p. 1210.
Commission, the Act of the Legislature ordering a reduction
Chicago Burlington & Quincy RR.—Called Bonds.—The
injthe price of gas on May 1 1906 to 80c. per 1,000 c. ft. New
England Trust Co. of Boston will pay at par on Feb. 1
andjthe subsequent litigation fully covered from time to
The total amount deposited since May Denver extension 4% bonds due Feb. 1 1922 to the follow¬
time in this column.
l|to secure customers who pay $1, pending litigation, in ing amounts, viz.: $108,000 in $1,000 bonds and $1,700 in
$100 bonds.—V. 83, p. 1590,1523.
case the court should decide that the gas companies were
Chicago Milwaukee & St. Paul Ry—Pacific Extension.—
entitled to charge only 80c., amounted on Dec. 31 1906 to
A map showing the Pacific extension of the St. Paul will be
$1,994,417. The daily papers give also the following
found in our “Railway and Industrial’ Section, issued to¬
extracts which we have had officially revised:
CUy.—In addition to the $1,994,417 deposited In court,
above mentioned, the city has not paid anything to the company for
The
gas supplied to It since Dec. 1902, a period of more than four years.
amount due on Dec. 31 1906 from the city was $2,884,790. On the same
Amount Due by
as
Actions
day the city owed for electricity supplied to It about $2,613,821.
have been commenced against the city to recover the amount claimed to
be due.
The three items above mentioned aggregate $7,493,029.
Cur¬
rent bills, however, for electric current and for lamp maintenance are now
being paid.
New Ous Plant.—The most noteworthy Incident of the year was the
completion of the first unit of the great plant at Astoria In Long Island City.
This plant was started successfully on Dec. 3 1906, and Is now making
over 4,000,000 cubic feet of gas per day, or one-llfth of Its full rated capacity.
It will be several months yet before It can safely manufacture one-half of
Its full
The
capacity.
rapid-unloading coal machinery at the wharves Is not yet installed,
because of the delay of the contractors.
The 15.000,000 cubic
holder is also not completed but the contractors are pushing
foot gas¬
the work
The whole plant will undoubtedly be running to Its full
satisfactorily.
capacity during the present
year.
New Electric Plant.—The great undertaking of building the waterside
electric plant No. 2, rated capacity 80,000 kilowatts, equal to 100,000
horse-power, with maximum of 150,000 horse-power, of the Edison Co.,
has progressed so far that boilers are now supplying additional power to
waterside electric plant No. 1, rated capacity 60,000 kilowatts, equal to
80,000 horse power, with maximum of 100,000 horse-power, and some
current'.ls also being generated. The new plant will be operated during the
current year to the full amount required and additional equipment can be
added from time to time according to the growth of the business.
Condemnation Proceedings.—The city has Instituted condemnation pro¬
ceedings against the electric plant at 28th Street and East River, belonging
to the United Electric Light & Power Co.
Another plant will be required
to imeet the requirements of this company when the city finally takes
possession of this station.
Physical Condition.—Physically, the property, both gas and electric,
was never In better condition than at present.
V. 83, p. 1526.
■
North American
Company.
(Report for Fiscal Year ending Dec. 31 1906.)
The report of President Wetmore, with the income account
an (imbalance sheet, will be given another week.
INCOME ACCOUNT FOR CALENDAR YEARS.
1905.
1906.
W^Receipts.
$104,672
1,157,040
116,901
$44,835
777,153
156,252
$1,052,392 $1,378,613
$978,240
$103,223
Interest
Dividends
Other profits
923,907
25.262
*
k*J
Total
-.
F
rz*z\Deduct—
Salaries, legal expenses, &c
Taxes
Losses
$93,006
4,622
$73,719
4,605
1,252,997
840,833
$1,586,576 $1,350,625
$1.586,576
$534,184
$27,988
$919,157
$59,083
1,721,500
920,000
701,119
$1,187,316
$947,988
$760,202
$90,064
$90,064
5,247
3,960
11,487,305
.487,305
—
Dividends (5%)
FfTotal
Balance
Increase In value of assets as
Dec. 31
readjusted
•
^Surplus
Total undivided profits
—V. 82, p. 1272.
1904.
Dec. 31
-
$3,999,548 $2,812,232 $1,991,744
GENERAL INVESTMENT NEWS.
RAILROADS, INCLUDING STREET ROADS.
W. L.
General
Manager M. C.-Stokes, appointed Major Bradford Dunham
receiver for the road extending|from Booth’s^Station^Ala.,
to]Autaugaville, 9 miles.£" 22
Atchison^Topeka',,&7Santa"PeTRy.—Purpose of Proposed
New Issue of Stock or Bonds.—General Manager J. Hurley,
I "Alabama Central Ry.—Receivership.—Chancellor
Parks at Montgomery on Jan. 21, on application of
in a statement made on Jan. 21 before the Kansas State
Railroad Commission regarding the proposed authorization
of $98,000,000 new stock oribonds,*is‘'quotedjby^thejpress
dispatches^aslfollows:
■^•TheXstockholder Is entitled to the money he has Invested and It Is not
proper for the company to take funds from Its earnings to pay for addi¬
tional Improvements which were not contemplated when the stock was
purchased.
rt£The company Is planning to
to'Chlcago
finish the double track from Kansas City
The company
and ballast about 400 miles of track In Kansas.
also Intends to Install a block-signal system on Its double-track lines In
Kansas from Kansas City to Newton, counting the Ottawa cut-off as a
part of the double-track system In Kansas.
Mr. Hurley said that one of
the plans now under way Is the construction of theNnit-off from Texlco, N.
M., to’Brownwood, Tex.
This line Is to be about 300 miles long, connect¬
ing with the Panhandle branch of the system, and when trains are started
over the Helen cut-off all freight from California for southern points or for
S
day.
Chairman Roswell Miller says:
shorter from
“The line will be 150 miles
Chicago to Seattle than the Northern Pacific,
and about 80 miles shorter than the Great Northern.
Over
the mountains the grades will be from 1.66% to 1.8% com¬
pensated. The Northern Pacific grades are in all cases
2.2%, and many of them are not compensated, and there¬
fore average as high as 2.4%.
Aside from mountain grades,
the St. Paul road has a much lower grade than the Northern
Pacific and the mountain grades are so bunched that they
will not impede traffic.
“The extension is compelled to run along the Northern
Pacific for a considerable distance, and to cross the Northern
Pacific several times b3r reason of the physical conditions.
This, however, does not apply to much territory which pro¬
duces a large business, and therefore the competition will not
be severe.
“The estimated cost of the extension will be $40,000 a
mile for the main line, which includes equipment, and $30,000
a mile for branches.
This contemplates a strictly first class
road in all respects.
It is expected to have'the road in opera¬
tion to Butte, Mont., by the end of 1907 and the entire line
in about three years.”—V. 84, p. 101, 50.
Chicago Cincinnati & Louisville RR.—Through Trains to
Chicago.—Through connection to Chicago, it is expected,
will be completed within two or three weeks.
A technical
paper recently said:
The line Is complete from Cincinnati to within 1,400 feet of Chicago
Junction, two miles west of Hammond, Ind.
Trains will run over the
Chicago Junction Ry. Into Chicago.
Three regular trains, with sleeping
car service, will then be run each day between Chicago and Cincinnati each
way.
Compare V. 81,
p.
1722.—V. 82,
p.
750.
Chicago Rock Island & Pacific Ry.— Listed.—The New
York Stock Exchange has listed $1,500,000 additional re¬
funding and extension mortgage 4% bonds of 1934, making
the total listed $45,842,000, and has authorized the listing
of a further $8,500,000 from time to time before March 1 1907,
on official notice that they have been s4>ld, making the total
authorized to be listed $54,342,000.
The bonds just listed and authorized to be listed include
all except $1,250,000 of the bonds*which the company in
January 1906 reported to the New York Stock Exchange
had been issued up to that time, but we se unsold, and in addi¬
tion $2,500,000 since issued for improvements and additions.
There have also been issued since January 1906, but have
not been sold or listed, $5,900,000 additional bonds to re¬
imburse the company for acquisitions of new property in the
shape of $5,605,000 4J^% equipment gold bonds series “B”
bonds of the Rock Island Improvement Co. (compare V. 83,
p. 1227-28) and $70,000 to retire Choctaw Oklahoma & Gulf
equipment bonds. These amounts, together with the $1,250,000 above referred to as unissued (being the balance of
the $6,500,000 issuable against Burlington Cedar Rapids &
Northern firsts due June 1 1906),make, with the bonds listed
and authorized to be listed, the total of $61,562,000 which
the companv, under date of
Jan. 14 1907 speaks of as
“issued.
Included in, this last total, however, are the
$11,250,000 pledged to secure the $7,500,000. 4*4%} notes
due July 1 1907.
Issuance
of $54,342,000 Refunding'and Extension'As Listed and Authorized
to be Listed.
For
general corporate
purposes,
under Sec. 2, Art. 1,'of Mort-.$15,000,000
Under Sec. 6, Art. 1, for additions and Improvements to exist¬
ing lines...
7,500,000
To reimburse the company for money expended In the acquisi¬
tion of property, under Sec. 3 of Art. 1
14,500,000
Choctaw Okla. & Gulf RR. equipment notes
1,110,000
C. R. I. & P. Ry. gold bonds of 1902, series B, C and D, matur¬
ing May 1 1904, 1905 and 1906
4,482,000
Collateral trust notes of D. R. Francis and of John Scullln, re¬
deemed Jan. 1 1905.
4,500,000
General Mortgage 4s issued .Tan. 1 1905 and Jan. 1 1906, for
additions and Improvements
2,000,000
Burlington Cedar Rapids & Northern Ry. consol, mort. 5%
bonds (of $6,500,000), Issued to retire same amount of B. C.R.
& N. first mortgage bonds, due June 1 1906 and deposited as
security under the “first and refunding mortgage”
5,250,000
220
THE CHRONICLE.
Issuance of $7,220,000 Refunding and Extension 4s issued but unlisted.
Issued in 1000-07 to reimburse company for acquisition of
$5,005,000 4>3 % equipment gold bonds series B of Rock
Island Improvement Co. (V. 83, p. 1227-28)
$5,900,000
Issued to refund Choc. Okla. & Culf equip, notes due Au?. 1900
70,000
Issued against balance of Buri. C. R. & Nor. lsts due June 1 ’06
1,250,000
Total bonds
cure
“issued,” including $11,2505)00 pledged to
$7,500,000 4 y2% notes due Jan. 1 1907
—V. 84, p.
se¬
$61,562,000
157.
[Yol. lxxxiv.
Sept. 1 next to operate the portion of the system extending
Avenue, this city, to Hoboken,.
N. J., using both tunnels under the Hudson River ^The
road from 14th Street north to the northerly
terminusj[at
33d Street will not be ready for some time after the^di te
named.—V. 84, p. 51.
from 14th Street and Sixth
Illinois Central RR.—New General
Manager.—Frank^B.
Chicago Subway Co.—Sale of Telephone Equipment hy Harriman has been
appointed General Manager, succeeding
Subsidiary—Rental for Telephones.—See Illinois Tunnel Co. I.G.Rawn.—V. 84, p. 102, 51.
in last week’s “Chronicle” under “Industrials.”—V. 84,p.162.
Interborough-Metropolitan Co.—Mr. Shonts President—
Chicago & Western Indiana RR.—Guaranteed Notes Of¬ New
Officers.—The company oh Wednesday issued abate¬
fered.—Lee, Higginson & Co., Boston; Clark, Dodge & Co.,
New York, and the Illinois Trust & Savings Bank of Chicago ment, saying:
The Interborough-Metropolitan Co. has secured, withhhe
(the trustee for the issue;, offered this week at 98 and interest,
and quickly sold, two blocks, together aggregating $8,000,- consent of President Roosevelt, the services of Mr.\ T.
P. Shonts, who will come to New York and take the presi¬
000, of 3- ear 5% collateral trust gold notes dated Feb.
dency
of the Interborough-Metropolitan Co., assuming
1 1907 and due Feb. 1 1910, but subject to call at par and
charge
of
the whole subject of transportation now. covered
interest on any interest day.
Interest payable Feb. 1 and and to be covered
by the constituent companies of the system.
Aug. 1. These notes are in denomination of $1,000, $10,000 Mr. Shonts will for
the present give such attention to the
and $50,000, and are secured by deposit of $10,000,000 con¬
work as his time will permit, and after the 4th of March/
solidated mortgage 50-year gold 4% bonds due July 1 1952,
when the President will
which, by the terms of a lease for 999 years, are substantially to New York and take definitely release him, he will come
up his active duties.
guaranteed, principal and interest, by the Chicago & Eastern
The following changes in officers are also announced:
Illinois RR. Co., Wabash RR. Co., Grand Trunk Western
August
E. P. Bryan have been elected Chairman of the
Ry. Co., Chicago & Erie RR. Co. and Chicago Indianapolis board and Belmont.and
President, respectively, of the Interborough Rapid Transit Co.,
Mr. Bryan and Mr. H. H. Vreeland thus continuing to be the chief operating
& Louisville Ry. Co.—V. 83, p. 1228.
officers In charge of the two principal companies.
John B. McDonald hasColorado & Southern Ry.—Listed.—The New York Stock been chosen Vice-President of the Interborough-Metropolitan Co. to have
Exchange has listed $10,000,000 “refunding and extension” general supervision of the construction of new subways.
Increase in Wages.—The directors of the Interboroughbonds of 1935, being the first lot issued under the $100,000,000 mortgage authorized in 1905.
Rapid Transit Co. on Wednesday ordered a voluntary in¬
crease of wages to go into effect Feb. 1, affecting, it is said,
Income Account of Compang for Four Months ending Get. 31 1906. e
about 10,00(3 employees of the elevated and subway lines,
Miles.
Net.
Gross.
Oth. Inc.
Charges.
Taxes.
Bal.,sur.
1.134
$2,692,247
$802,796
$9,676
$403,353
$84,517
$324,602
and adding $400,000 to the yearly pay-roll.
The increase in¬
—V. 83, p. 1170, 695.
cludes all important classes of workmen except the motorDenver City Tramway.—Franchise Sustained.—District
men, who receive $3 50 a day for between 8/2 and §Yi hours’
Judge Allen on Jan. 14 dismissed the quo warranto pro¬ wrork. The percentage of increase varies from a small amount
ceedings brought to test the validity of the franchise granted up to about 16%, the number of hours of work not being
at the city election on May 15 last.
The decision was based changed.—V. 83, p. 1470.
on that of Judge Palmer in the case of the Denver Gas &
Inter-State Railways, Philadelphia.—Purchase.—The pur¬
Electric Co. (V. 83, p. 1526), the same papers and evidence
chase of the Philadelphia Bristol & Trenton Traction Co.,
having been used in both cases.—V. 82, p. 1437.
it is announced,has been consummated, and the operation of
Duluth^Missabe & Northern Ry.—Called Bonds.—First the road
by the Inter-State will begin on Feb. 1. See V. 83,
consolidated mortgagejibonds dated Jan. 1 1893, to the
p.687.
amount of $111,000, have been drawn, and will be paid
by the Central Trust Co. on Feb. 1- 1907 at 105% and
Lexington (Ky.) & Interurban Railways.—Preferred Stockinterest—say $1,055 per bond.—V. 82, p. 1101.
Authorized.—By vote of the shareholders at a meeting held
Grand Rapids (Mich.) Railway.—New Director.—Jacob on Jan. 7 the charter has been amended so as to permit the
Kleinhaus of Grand Rapids has been elected a director, suc¬ issue at the discretion of the board of $1,000,000 8% pre¬
ferred stock, cumulative from Jan.l 1908, with preference
ceeding A. Hodenpyl of New York.—V. S3, p. 122S.
as to assets in case of liquidation, subject to
redemption at
Great Northern Ry.—Stock Issue Enjoined.—Judge Oscar
company’s
option after three years at $60 per share (par $50)
Hallam in the Ramsey County District Court on Jan. 23,
and accrued interest, and convertible at option of holder,
in the action brought by Attorney-General Young (V. 83,
share for share, for common stock.
Of such preferred stock"
p. 1590,) made an order enjoining the company from issuing
10,000 shares of the par value of $500,000 shall not be
the proposed $60,000,000 of additional stock,or any part
issued or sold at a price less than $55 per share.
thereof, during the pending litigation, without first, applying
The issue of $500,000 of said preferred stock has been
in writing therefor to the Minnesota Railroad & Warehouse
authorized by the board of directors.—V. 82, p: 1380.
Commission, and securing its approval, as provided by the
revised laws of Minnesota.
Manila Electric Railroad & Lighting Corporation.—Guar¬
The company’s attorneys claimed that under Its original charter it could
anteed Bonds Offered.—See Manila Suburban Railways be¬
lss ie stock at will, and that the law granting this power to theCommission
low.—V. 84, p. 102.
(revised laws of 1905, originally enacted as Chapter 265 of the general laws
o.' 1887) Is unconstitutional.
The court says that the State concedes
fiat under the general laws the defendant may lawfully Increase its stock
s lbjcet to the regulation mentioned;
that tlie Injunction was asked to
c impel the company to submit to this regulation, which It does not propose
t> do, and that therefore there Is but one Issue raised, the ultimate right
of the company to make the proposed Issue of stock not being
in
C3
the suit.
involved
j
■
■
The State Supreme Court has set the hearing of the appeal
for Feb. 9.
New Suit.—Attorney-General Young yesterday filed suit
in the Supreme Court at St. Paul against the St. Paul Min¬
neapolis^
Manitoba RR. asking forfeiture of its charter.
Again Postponed.—Owing to the above decision, the com¬
pany has again postponed the closing of the transfer books
for the purposes of the new issue of stock and the time limit
for the filing of subscriptions, this time until 3 p. m., Feb. 25.
The time for filing assignments has been postponed until
3 p.m., Feb. 28, and the time for making the first and second
payments has been postponed until March 4. Compare
V. 83, p. 1469, 1590; V. 84, p. 51, 102, 158.
v
•
Green Bay & Western RR.—Plan Withdrawn.—The pro¬
posed financial reorganization plan issued last October
(V. 83, p. 969) has been withdrawn, and the bonds deposited
under the agreement made in connection with the issuance
of the plan have been returned to tlfc holders.
Jefferson
M. Levy, one of the committee, in whose absence abroad the
plan was made public, has, it is stated, always opposed a re¬
adjustment, but has favored keeping the committee intact
as a protective committee merely, as originally contemplated,
to insure
holders.
concerted action in the interest of the B debenture
The bonds deposited under the earlier agreement,
constituting the larger part of the bonds deposited with the
committee for protective purposes,are still in its control.
Dividends.—The usual dividendsof 5% each on the $2,500,000 stock and $600,000 “A” debentures have been declared,
payable Feb. 1 to holders of record Jan. 28. The same
amounts^were paid in the two preceding years.—V.;83, p.
1037.r,.
•
*1
zr
Hudson & Manhattan RR.—Operation to Begin Sept: 1907.
The company announces that it is expected on or about
Manila
Suburban
Railways. -Bonds Offered.—Rosen,
Stillman &Co.,30 Pine St., New York, are offering, at 92Vo
and interest by advertisement on another page, a block of
this company’s present issue of $500,000 first mortgage 5%
40-year sinking fund gold bonds, of $1,000 each (c*)t guar¬
principal and interest by the
Lighting Corporation (V. 82,
p. 218; V. 84, p. 102).
These bonds are dated Sept. 1 1906
and due Sept. 1 1946, but are subject to redemption on any
interest date after Sept. 1 1928, and to purchase for sinking
fund on and after Sept. 1 19115 at not to exceed 105 and
interest, at which price bonds can be drawn by lot. Interest
payable March 1 and Sept. 1. Principal and interest pay¬
able in United States gold coin in New York City.
New
York Trust Co., trustee.
Limit of authorized issue, $2,anteed unconditionally as to
Manila Electric Railroad &
500,000.
The advertisement says:
The company has been organized with a capital stock of $500,000 by
the Manila Electric Railroad
& Lighting Corporation, which controls
absolutely the street railway, light and power system of the city of Manila,
to construct and operate suburban railway lines connecting with its present
system and to furnish electric-lighting and power facilities In the tributary
territory.
All of'the capital stock is owned by the Manila Electric Railroad
& Lighting Corporation, which
both the principal and interest
has entered into an agreement to guarantee
of the bond Issue.
The bonds now issued
are secured by a first mortgage on the electric railway connecting Manila
with Fort William McKinley, the United States Government reservation,
and the city of Pasig.
The population of the city of Manila Is estimated
at about 300,000, and the population of the territory reached by the new
line Is estimated at over 40,000.
Earnings of Manila Electric Railroad
Lighting Corporation, the Guarantor
of these Bonds.
Year—
1906 (partly estimated)
1905 (actual)
„
Fixed
Balance,
Gross.
Net.
Charges.
$890,000
$436,000
$231,750
Surplus
$204,250
723,526
354,670
195.109
159,561
These surplus earnings are applicable to payment of Interest on tlie
bonds now offered, and are In excess of eight times tiie annual interest
charge.
In addition it is estimated that the net earnings of the new line
upon completion will amount to $50,000 per annum—or twice the Interest
charge. <|*J—
^Metropolitan West Side Elevated-Railway Co., Chicago.—
Dividends Resumed.—The directors have declared a quarterly
dividend of
of l%,on the SS,708,000 preferred stock,
payable March 30 to holders of record March 21. The last
dividend was 1)^%, paid Feb. 28 1903.—V. 83, p. 818.
Jan. 26
Co.—Action on New
Securities Postponed.—The annual meetings of the company
and of its subsidiary-} the Milwaukee Light, Heat & Traction
Co., were adjourned on Jan. 21 to Feb. 4, at which time the
stockholders will consider the propositions to increase
the stock and issue a refunding and extension mortgage of
the Milwaukee Light, Heat & Traction Co.
See V. 84, p.
Milwaukee Electric Railway & Light
102.
Missouri Pacific Ry.—New Rolling Stock.—The company,
it is reported, has placed orders for 6,500 or 7,500 new freight
,
cars,’box cars and gondolas.—V. 84, p. 159.
K^NeWjYork NewJIaven^&jHartfordjRR.—Amount of Notes
Outstanding.—A press report from New Haven states that
the company has finally made known the total amount of
short-term,notes outstanding, which is
$26,000,000.
Repoted Purchase.—See Maine Steamship Co. under “In¬
dustrials’ ’ below.
Merger of Controlled Road.—See Boston & New York
Air
Line RR. above.—V. 84, p. 159, 103.
Norfolk & Western Ry.—New Director.—Joseph Wood has
been elected a director in place of James McCrea (now Presi¬
dent of the Pennsylvania RR.), whom he recently succeeded
Vice-President of the
as
p.
Pennsylvania Company.—V. 83,
1471.
Northern Ohio Traction &
Results for Calendar Years,
Light Co.—Report for year:
Including in both cases the Properties Purchased
in 1D06.
—V. 83, p.
Net.
$090.498
054,140
Gross.
Year—
190G
1905
$1,703,340
1,552,970
1037.
•
Charges.
$483,174
471,503
Hal., Sur.
$213,324
182,037
•
Northwestern Pacific RR., California.—Bond Issue.—The
shareholders of this recent consolidation will meet at the
company’s office at 870 Market St., San Francisco, on March
12 to vote on making an issue of $35,000,000 mortgage gold
bonds, of which a portion is to be used in retiring the existing
bonded indebtedness.
J. I. Willcutt is Secretary. The di¬
rectors include William Hood, Chief Engineer of the Southern
Pacific Company (giving that company a majority of the
board), in addition to the men named in V. 84, p. 103.
Northern Pacific Ry.—Payments on Subscriptions to New
Stock May Be Anticipated.—J. P. Morgan & Co. have been
authorized to accept prepayment of any installment due on
subscriptions to new stock up to and including installment
due Oct. 1 1907, allowing a discount at rate of 4% per annum
computed from date of prepayment to the due date of in¬
stallment prepaid, provided prepayment of any such install¬
ment shall be received only on Feb. 1, April 1 or July 1 1907.
Compare V. S3, p. 1471, 1524.—V. 84, p. 103.
Pennsylvania RR.—Exchange of Stock.—See Philadelphia
& Erie RR., below.
Car I'rusts Authorized but Not to Be Issued at Present.—It
appears that the company last year authorized the organiza¬
tion of a new car trust to be known as the “Pennsylvania
Freight Equipment Trust,” for an amount not exceeding $100,000,000, to be issued from time to time in series of $1,000,000
each as the company’s requirements may make desirable on
account of new equipment.
The trust deed was filed last
week, the Fidelity Trust Co. of Philadelphia being the trus¬
tee, but no new car trusts, it is stated, are to be issued at
present, and none may be issued for the next three or four
years.
Some car trust leases were also filed last week but
these applied to the “Pennsylvania Steel Equipment Im¬
provement Trust,” limited to $10,000,000, under which at
last accounts no car trusts had been sold, and also apparently
to supplementary leases applying to the Pennsylvania Steel
Rolling Stock Trust, securing $10,000,000 certificates, and
long since‘sold, and partially paid oil.
New Director.—Chas. E. Ingersoll, of the law firm of
Gowen, Hood & Ingersoll, of Philadelphia, has been elected
a director to fill the vacancy caused by the death of President
A J. Cassat t.
Authorized to List.—The New York
Stock Exchange has
time to time after Feb. 1 of
$4,485,200 additional capital stock as issued from time to
time in exchange for Philadelphia A Eric common stock,,
making the total amount authorized to be listed $312,112,900.
See Philadelphia & Erie below.—Y.8-4, p. 159.
Philadelphia & Erie RR.—Circular as to Exchange of Stock.
—A circular letter mailed on Jan. 14 by the Pennsylvania
RR., requests the minority stockholders of the Philadelphia
Erie who desire to exchange their stock, dollar for dollar,
for stock of the Pennsylvania RR. to deposit their certificates
with the Treasurer of that company in Philadelphia on or
before Jan. 31 in exchange for negotiable receipts, which,
on .or about
Feb. 1, will be exchanged for Pennsylvania
stock certificates carrying the dividend to be declared next
May.^Thc[circular says in part: s(J yj •
*•„ <- A• • •
authorized the listing from
Is the owner of'overithree-fourths of the capital
& Erie RR. Go., whose road has been operated
part of the Pennsylvania RR. system since 1802.
Large expenditures
are necessary upon tiiat property in completing: the double track, construct¬
sidings,
ing:
providing extensive additions to shop facilities, improving Its
grade alignment and furnishing the large terminal yards necessary to take
care of its business.
This cannot be done by the Philadelphia & Erie RR.
Co. without either Increasing Its capital account, which is already dlsproportionately large, or applying Its surplus Income toward the expenditures
The Pennsylvania RR.
stock or the Philadelphia
as a
referred to.
In view of these facts, and believing that greater economy and
lence in operation can be secured thereby, It is deemed advisable
eonvenl-
that the
Philadelphia & Erie RR. should become an Integral part of the Pennsylvania
RR.
The Pennsylvania RR. Go.
therefore proposes to acquire the fran¬
chises and corporate property of the Philadelphia & Erie RR. Co., but be¬
fore taking the legal steps necessary for such acquisition It offers to pur
2il
THE CHRONICLE.
1907.]
chase the outstanding
stock on the basis of delivering one share of Its own
stock for each share of the Philadelphia & Erie.
To Authorize Sale—The shareholders will meet Feb.
11
and the
Pennsylvania RR. Co. “for the sale to and acquisition by the
latter company of all the franchises, corporate property,
rights and credits of the Philadelphia & Erie RR.”
Earnings.—For 10 months ending Oct. 31:
to
vote
on
an
agreement between the company
Gross.
Other Income.
Charges.
BaL.Sur.
Net:
$1,802,997
$97,415
$0,884,489
$1,138,799
$821,013
1,973,093
0,740,945
Note.—Charges here include:
Interest on bonds, $849,292; interest on
equipment used, $143,053; taxes, $138,725; maintenance of organization,
$7,129.
dividend
The annual
charge on special stock amounts to $108,000;
on common stock (0%), $479,100; total, $047,100 per annum, or $539,250
for ten m&nths.—V. 84, p. 159, 103.
10 Mos.
1900
1905
Pittsburgh McKeesport & Greensburg (Electric) Ry.—
be Deferred.—Director E. C. Lockwood
“No action has been taken regarding
a dividend; it will probably be deferred for six months.”
Compare V. 83, p. 1525.
Reading Co.—Application to List.—The New York Stock
Exchange has been requested to list, $1,500,000 additional
general mortgage 4% bonds of 1997, making the total listed
$71,830,000.—V. 83, p. 1412.
Santa Fe Liberal & Englewood RR.—Bonds Offered on New
Project.—E. D. Shepard & Co., New York, Boston, Phila¬
delphia and London, are offering at 101and interest a
block of first mortgage 5% gold bonds of $1,000 each, dated
July 1 1906 and due July 1 1936, without option of earlier
redemption. United States Mortgage A Trust Co. of New
York, trustee. The bond issue of $S,000,000 is a “closed
first lien” on a proposed line of railroad of 321 miles, from
Des
Moines, New Mexico, to Englewood, Kansas, and
Woodward, Oklahoma. The mortgage will also cover, it is
stak'd, 16 locomotives, 6 combination baggage and pas¬
senger coaches, 12 standard coaches and 2,380 freight cars.
Dividend Probably to
of Pittsburgh writes:
Construction of the line is
A circular says
now
under way.
in part:
The entire mileage will be equipped with new 85-lb. steel rails, tles'ami
bridges of the best zinc-treated material; maximum grade of only
slightly over H of 1%.
-."H
Tiie company has leased for a period of 99 years the Santa Fe Raton A
Des Moines RR. and the Santa Fe Raton & Eastern RR.
[These leased lines are described as follows:
Description of Leased Lines.
Outstanding
Line
of Road
—
Santa Fe Raton &'Eastern RR.
From Raton, N. M , on the A.
M lies.
Bonds.
(In operation) —
T. & S. Fe Ry. to Yan¬
300,000
kee, N. M., 12 miles, and coal brandies, 4 miles
10
Santa Fe Raton & Des Moines RR. (building)—
From Carlsbrook on the S. Fe Raton & Eastern,
easterly to Des Moines on the Colorado & Southern
Ry. and the proposed line of Santa Fe Liberal &
1.000,000
Englewood RR
40
These lines are shown upon map page 135 of “Railway and Industrial"
section.—Ed.)
through Its leased lines will connect with the Atchison Topeka
Raton, while at Des Moines It will connect with the
Colorado & Southern RR.; at Hooker, near Liberal, Kansas, with the Rock
Island system; at Englewood with the Atchison again, and at Woodward,
for the third time. It crosses the same system, and will thence make connec¬
tions with Oklahoma and Guthrie, through which points several trunk lines
pass.
The road Is exempt from taxation for six years.
•
••
The Indenture of trust requires that each year the railroad must set aside
as a sinking fund one-half of Its surplus earnings and with this money re¬
purchase Its bonds for cancellation, provided they can be had at a
price not higher than would be equivalent to a 4% basis for the bonds.
The road
& Santa Fe System at
From Woodward, Okla., to Guthrie and Oklahoma City,
220 miles, a road is projected by the same interests under
title of the Canadian River Railway, and it is currently re¬
ported that the allied lines may be eventually consolidated
as a single road, subject to $14,800,000 of 5% 30-year bonds.
As to the Yankee Coal Co., see that company under “Indus¬
trials” below.—V. 83, p. 891.
Seaboard Air Line Ry.—Extension of Bonds.—The*an¬
nouncement, attributed to S. Davies Warfield, President of
the Continental Trust Co. of Baltimore, that a syndicate
of bankers, mostly of Baltimore, had been completed to
underwrite the extension of the $4,665,000 3-year collateral
trust and general lien 5% bonds maturing March 1 1907,
until May 1 1911, when the $10,000,000 10-year collateral
trust 5s fall due, could not be confirmed yesterday up to the
time of going to press.
It Is reported that those consenting to the extension will receive'$20^
$25 in cash, making the new’ bonds pay somewhat over 5%, the syndicate
taking up all the old bonds which the holders wish to surrender for
cash at maturity.—V. 84, p. 104.
Southern
,T. P.
notes
Ry.—Notes Sold.—The
company
has sold to
Morgan A Co. $15,000,000 3-year 5% gold debenture
to reimburse the treasury for cash heretofore expended
expended under existing contracts for the construc¬
acquisition of additional tracks, equipment and other
facilities upon the existing property of the company to enable
it to handle economically the large volume of traffic now
offered and expected, and to pay for new properties here¬
tofore acquired.
All of these expenditures will be ulti¬
mately provided for by the issue and sale of developmcns
and general mortgage bonds which have been provided fot
such purposes.
The notes have all been re-sold to variour
banking houses and are now being offered at 97 and interest.
The notes are dated Feb. 1 1907, interest payable February
and August, and are due Feb. 1 1910 without option of prior
redemption. Denomination of coupon notes, $1,000, $5,000
and multiples thereof, convertible into registered notes in
lots of not less than $5,000.
See official statement as to
company’s needs, V/84, p. 159. • • • • • • • •
or
to be
tion and
Southern Electric Securities Co.—Suit.—James D. Thames^
District Attorney, last week instituted actions in the Chan•
22*2
THE CHRONICLE.
eery Court of Warren
pany, the Inter-State
County, Mississippi, against the com¬
Trust & Banking Co. of New Orleans,
and about twenty other defendants, charging them with
violation of the anti-trust laws of the State.
The controlling
interests having been enjoined in the litigation from voting
for officers of the Vicksburg Railway & Light Co., which
was to have been held on Jan. 14, the minority interests,
representing §124,800 of the §500,000 stock on that day
voted for a new board of directors and officers, whose elec¬
tion is claimed by them to be legal.
It Is charged that the defendants have formed a voting pool or trust
to control the stock of the Vicksburg Railway & Light Co. and other cor-
that the
by theonanti-trust
{>oratlons.
be Imposed.
It is requested
penalties
provided
If the maximum
penalties
should
be Imposed
the vari¬
aw
ous
defendants, the total, It Is reported, would aggregate about $11,000,000.
—V. 83, p. 39.
Staten Island
Midland Ry.—Reorganized
This company was incorporated in Albany on
Company.—
Jan. 16 with
$1,000 ,000 authorized capital stock, all common, as a re¬
organization of the Staten * Island Midland Railroad Co.,
sold under sequestration proceedings Jan. 3.
The bonds of
the old company remain outstanding.
See page 99 of
“Street Railway” section.—V. 69, p. 182
Steuben Traction Co.
of Hornell.—Consolidation.—This
incorporated at Albany on Dec. 31 with
$370,000 capital stock as a consolidation of the Hornellsville
Electric Ry. Co., Hornellsville & Canisteo Ry. Co., Canisteo
Valley Ry. and the Canisteo Jasper & Woodhull Ry. Co.
The directors are: Charles Adsit of Hornell; J. W. Powell
of Canisteo, and L. D. Whiting of Jasper.
company
was
On Jan. 18 the New York State Railroad Commission
authorized the company to make a mortgage for $500,000
and to increase the capital stock from $370,000 to $630,000.
It is proposed to build to Jasper, Steuben County.
Tehuantepec National Ry.—Formally Opened.—The road,
extending from Zoatzacoalcos to Salina Cruz, was formally
opened for operation by President Diaz of Mexico on Jan.
23.
See V. 83, p. 1591, 1230.
Union Pacific RR.—Mortgage Satisfied.—Press dispatches
from Topeka, Ivan., announce that the $100,000,000 col¬
lateral trust mortgage of 1901 has been satisfied of record.—
V..84, p. 104, 52.
Vicksburg (Miss.) Railway & Light Co.—Litigation, &c.—
See Southern Electric Securities Co. above.
Suits were filed against the company on Jan. 16 in the
Circuit Court at Vicksburg on claims aggregating $39,000,
based
by
promissory notes and bonds of the
of the plaintiffs.—V. 79, p. 105.
on
one
company
held
’♦•Wabash RR.—Listed.—The New York Stock Exchange
has listed $13,718,900 additional preferred and $13,718,900
additional
stock, making the total amounts listed
$37,718,900 and $51,718,900 respectively; and has author¬
ized the listing of a further $2,781,100 preferred and $2,781,100 common from time to time, upon notice of issue in
exchange for debenture mortgage bonds,Series A and B,
making the total amount authorized to be listed $40,500,000
preferred and $54,500,000 common stock. Compare V. 83,
p.<*626, 1099; V. 84, p. 52.
^The company states that on Jan. 7 debenture mortgage
bonds in the following amounts, deposited for exchange
under the terms of the plan, were delivered to and pledged
with the Bowling Green Trust Co., as trustee of the new
mortgage.
common
PU'dged.
Issued.
"A"
"B"
Unpledged.
Callable at par.
$2,499,000
Earnings fur Four Months ending October 31.
Oross.
Net.
Other Inc.
Charges.
Impr'ts.
Bal.,sur.
$9,782,987 $3,332,785 $391,095 $2,046,307 $35,828 $1,641,745
bonds
bonds
4 Mos
1906
1905
—V. 84, p.
$3.500.000 r $2,957,000
23.001,000
26.500.000
8.505,825
2.856,392
160, 52.
Wages.—Settlement with Locomotive Engineers.—The “Rail¬
Age” of Jan. 19 says:
way
After tlie extended conferences between railway managers and repre¬
sentatives of the Brotherhood of Locomotive Engineers over questions of
wages and hours, a settlement was reached at Chicago this week which will
add several million dollars to the pay rolls.
The territory covered by the
settlement Includes all the railways west of a line taking In Fort William,
“
Can., St. Paul, Chicago, St. Louis and New Orleans, west to the Pacific
Coast and south to the Mexican border, and the terms of the agreement are
summarized (In part) as follows:
Freight engineers receive a flat Increase of 40 cents a day of ten hours
or less, 100 miles or less constituting a "run.”
Over-time pro rata.
v
In work train and helper service, wages will remain the same, but the hours
are reduced from 12 to 10 per day.
In passenger service, engineers on engines having cylinders under 18
nches In diameter receive $3 75 per day of 100 miles or less: on engines
having larger cylinders $4 per day of 100 miles or less.
In arriving at the settlement, the engineers finally surrendered their con¬
tention for an 8-hour day basis.
“The railways will next be called upon to consider the de¬
mands of the Brotherhood of Railway Trainmen, including
conductors and brakemen, for increased wages, with the 8hour day for through freight runs as the principal contention.”
—V. 76, p.1194,974.
Washington Water Power Go., Spokane, Wash.—New
Stock.—The shareholders will vote March 4 on increasing the
authorized capital stock from $5,000,000 to $10,000,000 to
provide for improvements and additions, including, it is said:
r.
At least 50,000 h. p. to the company’s present water power development,
making In all a total of 70,000 h. p. In Spokane: a 15,000 h. p. plant at Post
Falls, Ida., and a steam auxiliary plant near Ross Park to develop 6,000
p.
Part of the power will be
district through Fourth of July
Canyon, practically duplicating the transmission line now running Into
the’mlnlng district, the rest being used for lighting purposes and operating
street and lnterurban lines.—V. 82, p. 753.
h. p. with a maximum capacity of 30,000
transmitted to the Coeur d’Alene mining
h.
lVol. Lxxxiy.
INDUSTRIAL, GAS AND MISCELLANEOUS.
American Coal Co.—Sale of George's Creek & Cumberland.—
See Western Maryland RR. in last week's “Chronicle.”—•
V. 80, p. 653.
American Cotton Co. (Round Bale).—Successor Company.
—The reorganization plan recently announced (V. 83, p.
1592), it is stated, has been well received, 90% of the securi¬
new company having been disposed of.
The suc¬
cessor company was incorporated at Albany on Dec. 26 with
nominal ($6,000) capital stock under title of American Round
Bale Press Co.
The property of the Georgia Cotton Products
Co., one of the subsidiary companies (see list, with number
number of plants, &c., in V. 79, p. 787) is advertised to be
sold at receivers’ sale on Feb. 5.—V. 83, p. 1592.
American District Telegraph Co. of New York.—Report.—
The results for the year ending .Dec. 31 were:
ties of the
Year—
1906._
1905
—V. 82, p.
__
Gross.
Net.
Dlv'ds (2%).
$603,644
$85,920
95,374
$76,888
76,888
593,694
Bal.,sur.
$9,032
18,486
1435.
American Gas & Electric Co., New York.—In Possession.—
This new corporation, controlled by the Electric Bond &
Share Co. of New York
(whose entire commpn stock (V. 81,
Co.), has taken over
(per plan in V. 83,
p. 1473; 1593) all its property, consisting of stocks and bonds
of subsidiary companies, giving in payment therefor $6,282,000 99-year 5% collateral trust bonds,secured by the pledge
of the property sold, together with the deposit of $1,000,000
in cash, the latter to be used as a fund for,betterments and
additions to subsidiary companies whose stocks are pledged
p. 510) is owned by the General Electric
from the Electric Company of America
to secure the collateral trust bonds.
The new bonds and
stocks are described on page 160 of our “Railway and In¬
dustrial” section issued to-day.
Officers.—The officers, and directors
are:
Officers.—S. Z. Mitchell, Chairman: Henry L. Doherty, President: R. E.
Breed and H. T. Hartman, Vice-Presidents; F. B. Ball, Secretary and
Treasurer: A. E. Smith, Asst. Sec. and Asst. Treas,
Directors.—Harrison Williams, A. W. Burchard, A. M. Young, A. W.
Paige, H. H. Dean, J. D. Mortimer, W. E. Hitchcock, A. Louden Snowden,
George Breed, John H. Catherwood, Robert B. Hamilton and Messrs.
Mitchell, Doherty and R. E. Breed.—V. 83, p. 1592, 1472.
American Pipe Manufacturing Co., Philadelphia.—Annual
Report—Dividends.—This company, whose report for the
fiscal year ending Dec. 24 is given under the heading “Annual
Reports” on a preceding page, has long paid dividends at
the rate of 12% per annum.
The capital stock was recently
increased from $4,000,000 to $5,000,000, but the January
dividend, calling for $120,000, was paid on the former amount
at the old rate.
See V. 83, p. 273, 215.
Annual Dividend Record—American
Year
Per cent
—V. 84, p.
1890.
6
1892.
6
1893.
8
Pipe Manufacturing Co.
1894.
11H
1895.
13
1896 to 1906, Inclusive
12% per annum (Q.-J.)
160.
American Round Bale Press QoReorganized
See American Cotton Co. above.
Company.—
American Smelting & -’Refining Co.—Called Bonds.—
Ninety Omaha & Grant Smelting Co. first mortgage 6%
bonds drawn for the sinking fund will be paid at the Central
on March 1 1907 at 105 and accrued
interest.—V. 83, p. 1172, 632.
Atlantic Mutual Insurance Co.—Report.—The report of
the trustees for the year ending Dec. 31 1906 will be found
Trust Co. of New York
advertising columns. The company now has assets
aggregating $12,797,824, of which $5,697,108 is in United
States and State of New York stocks, city, bank and other
securities; $833,774 is cash, $700,967 special deposits in
banks and trust companies $1,191,975 premium notes and
bills receivable and $4,374,000 in real estate.
Compare
V. 78, p. 285.
Interest Certificates Called.—Six per cent interest on the
outstanding certificates of profits wilLbe paid to the holders
thereof Feb. 5.
The outstanding certificates of the issue of
1901 will be paid on Feb. 5 next, from which date all interest*
thereon will cease.
A dividend of 40% has been declared
on the net earned premiums for the year ending Dec. 31
1906, for which certificates will be issued on and after
May 7. The total marine premiums for the year -were
$3,772,434, including $582,192 not marked off Jan. 1 1906.
—V. 82, p. 220.
Binghamton (N. Y.) Light, Heat & Power Co.—Dividends
Begun on Common Stock.—The company, it is announced,
has begun dividends on the $500,000 common stock with
a declaration of 1^%, payable, with the regular semi-an¬
nual 3% on the preferred stock, on Jan. 15, to stockholders
of record Dec. 31.
Compare V. 83, p. 1592; V. 81, p. 1612;
V. 75, p. 187.
British Columbia Copper Co.—New Stock.—The share¬
holders will vote Feb. 13 on increasing the authorized capital
stock by 200,000 shares, par $5 each, making the total
capital $3,000,000. Shareholders of record Feb. 20 may then
subscribe for $580,800 of the new stock to the extent of 30%
of their holdings, subscriptions to be paid $2 50 per share
March 11 and $2 50 May 10 1907.
Members of the board
have agreed to take all the stock at par not subscribed for
by the shareholders. Of the $2,000,000 stock at present
authorized, $64,000 is in the treasury.—V. 78, p. 990.
British Columbia Packers* Association, Toronto.—Divi¬
dend.—A dividend of 7% has been declared on the $1,270,000
preferred stock, covering the period from Nov. 20 1904 to
in
our
Jan. 26
1907.]
THE CHRONICLE
May 20 1905, payable Jan. 31 1906 to holders of record
83, p. 753.
Jan. 21.—V.
British
Westinghouse Electric & Manufacturing Co., Ltd.
—Reduction of Capital Stock.—The shareholders at a special
meeting held in London on Jan. 14 authorized a decrease in
accordance with circular of Jan. 5 1907, which says in sub¬
stance:
Owing to the development of the home electrical trade having been much
was anticipated, the scale of the works has so far proved to be
large, and since the works were designed there have been considerable
changes In conditions of manufacture arising out of changes In types of
apparatus.
Tfie directors therefore recommend a reduction in the capital
to the extent of £1,375,000.
Of this amount it Is proposed to devote
£1,083,810 13s. 6d. to the writing down of patents and good-will, works
and equipment, material and stock In hand, &c., and to the provision of an
adequate reserve In respect of developments, contracts and work In progress
undertaken In previous years.
It is proposed to devote the balance of
£301,183 0s. 6d. to the extinction of the suspense account and of the
balance at the debit of profit and loss account.
To meet the above reductions In the capital assets, the directors recom¬
mend that the share capital be reduced by writing oil £2 per share from
the 500,000 preference shares and £5 per share from the 75,000 ordinary
shares.
At the same time, the directors recommend that the rate of divi¬
dend should be increased as follows: on the preference shares from 0% to
10% and on tlie ordinary shares from G% to 12%; the division of any sur¬
plus prolits between the two classes remaining as at present, viz., >4 thereof
among the preference and H among the ordinary shares.
This would re¬
sult in the preference shares being entitled to the same amount of preferen¬
tial dividend as heretofore and the ordinary shares to the same amount
of dividend as at present payable on them, before any division of surplus
prolits is made between the two classes of shares.
In the event of llqulda
tlon the rights of the two classes of shares remain as at present, so that the
shall
preference shares
first recelve~£5„per share before any distribution Is
made to the ordinary shares.
The voting power will not be alfected
Compare V. 83, p. 320.
slower than
and Southern Indiana.
The 400 miles of pole line under course of con¬
struction will serve direct In Kentucky, Ohio and Southern Indiana 14 ex¬
changes additional and 23,000 telephones additional.
Over 90% of the stock, as Issued, Is embraced in a 10-year voting trust
whereby the voting power Is vested In the Columbia Trust Company
of Louisville, Ky., as voting trustee, to be voted In accordance with In¬
structions of the committee of five, viz.: E. L. Barber, Wauseon, O.; Helm
Bruce, Louisville, Ky.; G. W. Lewman, Louisville, Ky.; Col. J. D. Powers,
Louisville, Ky., and J. C. Montelth, Bloomington, Ind.
Sinking fund of H of 1%, beginning July 1 1910; H of 1% beginning
July 1 1916; 2% beginning July 1 1921, continuing until maturity.
Telephone Properties Owned and Controlled (Not Including Certain Acquisi¬
tions Covered by Later Circular).
too
Calumet & Hecla Mining Co.—New Subsidiary.—See
Salle Copper Co. below.—V. 83, p. 438.
La
Central Home Telephone Co. of Louisville, Ky.—Purchase.
—This company has purchased the Kentucky Telephone &
Telegraph Co. of Winchester, Ky., for about $100,000.
Bonds Offered—Status.—The Thompson-Brown Co., Cin¬
cinnati, and Lemon & Walther, Pittsburgh and Providence,
are offering for sale $110,000
25-year 5% gold bonds, de¬
nominations $100, $500 and $1,000, dated Jan. 1 1906 and
due Jan. 1 1926; interest payable Jan. 1 and July 1.
Cou¬
payable at Columbia Trust Company, trustee, Louis¬
ville, Ky., and at Bank of America, New York City.
Capital stock authorized, $5,000,000; issued Nov. 1 1906,
$2,891,300. Bonds authorized, $5,000,000; outstanding
Nov. 1 1906, $1,278,000.
The outstanding amounts of a
later date are not available pending the closing of the books
for the year.
The bonds are offered at 953^ and interest,
with a bonus of 25% in stock.
pons
A circular issued late in 1906 says
in substance:
Long-distance toll lines now owned and controlled by the company
amount to 1,460 miles of pole line, comprising 4,380 circuit miles.
These
lines serve 264 exchange companies and nearly 100,000 telephones In
Southern Ohio, Southern Indiana, Kentucky and Alabama, exclusive of
Its own 29 exchange companies and subscribers In these States,
including
Tennessee.
Contracts have been closed for the construction of the long¬
distance line from South Bend, Ind., to Chicago, which will be completed
by spring, giving the Central Home Telephone Co. direct communication
from Birmingham, Ala., via Indianapolis, Ind., to Chicago.
Plans have
been consummated for the construction of the long-distance line from
Birmingham to Mobile, Ala., where a new modern Independent plant,
costing several hundred thousand dollars, Is in operation,and owned by
those controlling the Central Home
Telephone Co. Kansas City Is now
reached commercially by the company’s lines via Its Cairo, Ill., plant and
St. Louis. Mo.
The recent acquisition of the Cairo plant gives the Central
Home Telephone Co. another entrance to Chicago and St. Louis,over Its
own long-distance lines.
The company owns or controls the Independent Long-Distance Telephone
& Telegraph Co. of Kentucky & Indiana, the Long-Distance Telephone
& Telegraph Co. of Alabama, controlling the long distance lines In Alabama
and Tennessee, and the Central Home Telephone Co.’s lines In Kentucky
and Illinois.
The Central Home Telephone Co. also owns, controls and
operates exchanges In the following States and places: (1) Indiana—Bloom¬
ington, Bedford, Seymour, Washington and Vincennes; (2) Kentucky—
Maysvllle, Carlisle, Cynthlana, Paris, Hopkinsville, Owensboro, Paducah,
Benton, Mayfield, Frankfort, Carrollton, Lawrenceburg, Guthrie, Marlon,
Salem, Providence, Clay, Winchester and Vanceburg; (3) Illinois—Cairo;
(4) Alabama—Cullman
and
Decatur;
(5) Tennessee—Clarksville
and
Springfield.
Within the past few weeks a company has been formed with a $15,000,000
capitalization to develop the telephone Interest of the Illinois Tunnel Co.
of Chicago, Ill., In which the officials of the Central Home Telephone Co.
occupy Important positions In office as well as directorate.
[See Indepen¬
dent Telephone Co. of Chicago In V. 84, p. 162.—Ed.]
Annual
Earnings—Present and Estimated.
Present
Net earnings of properties
Annual bond Interest on said
Earnings.
$166,944
Estimated
1907.
When Ext'd.
properties. 109,125
£$212,747
118,875
l/$278,736
127,675
$57,819
$93,872
$151,06.1
$47,612
$77,528
$120,978
33,103
38,103
38,103
$115,631
$159,081
74,680
Surplus for dividends
Results Central Home Telephone Co.—
Proportion of above surplus accruing to
It on Its holdings of stocks of such
properties
Proportion of above bond Interest ac¬
cruing to It on Its holdings of bonds of
such properties
Total annual Income
$80,715
on Central Home bonds that then will be
Interest
Balance
outstanding
$84,401
Contracts have been made under which additional exchange companies
will be absorbed on Jan. 1 1907.
The estimated annual net earnings for
1907 cover all properties, based on present conditions.
[The additional ex¬
x
changes, which were taken over as expected, Include the Home Telephone
Co. of Cairo, Ill., with 900, and the Old Kentucky Telephone & Telegraph
Co. of Winchester, Ky., with 1,600 telephones.—Ed.l
V Plans have been consummated for enlarging 4;he properties and for
extending the long-distance lines into fresh territory which will cost $646,400, and these are the estimated resultant annual net earnings on all
properties after deducting maintenance, operation, taxes, Insurance and
all expenses except bond Interest.
223
Name.
Telephones.I
Name.
Telephones
Maysvllle (Ky.) Telephone Co
612]aLawrenceburg (Ky.) Exchange... 226
Nicholas HomeTel.Co.,Carlisle, Ky. 563! ftGuthrie (Ky.) Exchange
140
Cynthlana (Ky.) Telephone Co
457|&SaIem (Ky.) Exchange
115
Bourbon County Home Telephone
i 5Clay (Ky.) Exchange
80
Co., Paris, Ky
864 ^Providence (Ky.) Exchange
172
£>Marion (Ky.) Exchange
303
Telegraph Co., Owensboro, Ky.. 1,224 Knox County Home Telephone Co.,
Paducah (Ky.) Home Tel. Co
916
Vincennes, Ind..
1,320
Marshall CountyTel.Co.,Benton,Ky
98 Daviess County Home Telephone
Co., Washington, Ind
Mayfield (Ky.) Home Telephone Co. 260
907
Hopkinsville (Ky.) Home Tel. Co.. 756 Bedford (Ind.) Home Tel. Co
1,069
Frankfort (Ky.) Telephone Co
515 Bloomington (Ind.) Home Tel. Co.. 1,250
Carrollton (Ky.) Telephone Exch..
310 Seymour (Ind.) Home Tel. Co
510
Long distance toll lines (850 miles of pole line).
Kentucky & Indiana Telephone <fc
Total
12,667
Undivided part of Ind. L. D. T. & T. Co.
b Not companies.
Form undivided parts of Central Home
a
Colonial Telephone Co. of
Telephone Co.
Newburg, N. Y.—Foreclosure
Sale.—This company’s property, it is stated, was recently
bid in at foreclosure sale for $15,000 by Howard Hendrickson,
President of Albany Home Telephone Co. The Union Trust
Co. of New York was mortgage trustee.
Consolidated Gas Co., New
Reports”
on a
York.—Report.—See “Annual
preceding
page.
New Trustees.—At the annual meeting
and Louis M. Greer were elected trustees in
Walter T. Bliss
place of Thomas
F. Ryan and Frank Tilford.—V. 83, p. 1526.
Consolidated Steamship Lipes.—Merger Plan for Morse
Lines.—It is now said that the proposed merger plan omits
the Hudson Navigation Co., as not being engaged in the
coastwise business.
The share capital of the four other
companies (V. 84, p. 53) aggregating $34,000,000, it is pro¬
posed, according to current reports, to exchange dollar for
dollar for 4% bonds of the new company, with possibly a
stock bonus.—V. 84, p. 53.
Consolidated Telegraph & Electrical Subway Co.—De¬
cision.—See Long Acre Electric Light & Power Co. below.
See items under caption of Empire City Subway, V. 76,
p. 268, and New York Gas & Electric Light, Heat & Power
Co., V.r68, p. 773.
?
Copper Range Consolidated Co.—Not to Be Included—
Merger Plans DouStful.—President William A. Paine is
quoted as saying: “The Copper Range Consolidated Co. will
not enter into any consolidation or merger of other Lake
Superior copper companies. It will continue in the future
as it has been in the past, entirely independent.”
In Boston
it is rumored that $150 per share in cash was asked for the
controlling interest and refused. Doubt is expressed as to
merger being concluded without the Copper Range Consoli¬
dated.—V. 84, p. 161.
GrucibleJSteel Co. of America.—Payment of Notes.—The
last of the issue of $5,000,000 6% debenture bonds of 1903
was recently paid off and the Union Trust Co. of Pittsbrugh,
it is stated, has this week been canceling the issue.—Y. 83,
p. 1526, 971.
Dayton (O.) Gas Light & Coke Co.—New Officers.—On
Jan. 17 Robert R. Dickey, son of ex-Prcsident Dickey, was
elected to succeed his father; W. K. Callahan was chosen
Vice-President and W. B. Gebhart, Cashier of the City Na¬
tional Bank, wras elected Secretary.
A press dispatch says:
No action was taken on the discrepancies reported by expert Munster
except to refer the matter to the Executive Committee.
It Is reported that
this phase of the situation will be taken up later, as the deficiencies amounted
to more than $189,000 In five yearn, $131,000 of which, It Is claimed by the
investigating committee, should be easily traceable, If spent for municipal
or State legislation during the past two years.
See V. 84, p. 162.
Electrical Development Co.—See Niagara Power Com¬
panies below.—V. 84, p. 53.
Great Northern Portland Cement Co.—Receiver's Certifi¬
cates.—Judge Swan in the United States Court at Detroit
has authorized the Michigan Trust Co. of Grand Rapids,
as receiver, to issue $75,000 receivers’ certificates and to
start up the plant at Marlborough.—V. 83, p. 1350.
Granby Consolidated Mining, Smelting & Power Co., Ltd.
—Listed.—The New York Stock Exchange has listed $10,308,100 capital stock, and has authorized the listing from
time to time, but prior to July 1 1907, of $3,191,900 addi¬
tional of said stock on official notice that it has been issued
in exchange for outstanding $10 par value certificates,
making the total amount authorized to be listed $13,500,000.
Compare V. 83, p. 1349, 1095.
Home Telephone Co., Mobile, Ala.—New Stock.—This
company, it is stated, has increased its authorized capital
A circular issued several months ago before control was stock from $350,000 to $500,000.
In April last the stock¬
acquired of the Cairo plant and of the Long Distance Tele¬ holders authorized an issue of $350,000 bonds. (Compare
phone & Telegraph Co. of Alabama and other properties Central Home Telephone Co. of Louisville, above.)
gave further details as follows, but the total number of tele¬
Hudson Navigation Co.—Not Included in Merger Plan.—
phones operated by the several exchanges controlled is now See Consolidated Steamship Lines Co. above.—V. 84, p. 162,
reported as 17,530.
International
Silver
Co.—Injunction.—Vice-Chancellor
Long distance toll lines now owned and controlled amount to 850 miles
of pole line, and serve 250 exchanges and 60,000 telephones In Kentucky
•Bergen has granted an injunction in the suit brought by
[ VQL. LXXXIV.
TFK CHRONICLE.
224
i
Edward II. Thomas in May last pro venting the banks with
whom was pledged $8,010,500 of the-common stock of the
International Silver Co. from voting on the same.
The stock Involved In the suit is part-of the $0,008,400 common and
$515 ,800 preferred stock of the International Silver Co. originally acquired
by the U. S. Silver Corporation and at. the time of the purchase of its entire
stock by the international Company in Jan. 1005 in the treasury of the
U. S. Silver Corporation.
Compare V. 76, p. 106; V. 82,-p. 1044.
The
court holds that the company was disqualified from voting on the stock;
that the stock was not pledged as security, but simply to restore to it a
voting power that the pledgees might exercise in the interest of the direc¬
tors in office.
The court says: “It was a palpable attempt to evade the
law and to secure the benefit of the votes which the stock would represent
in the hands of a duly qualified owner.”—V. 82, p. 1044.
Iola (Kan.) Portland Cement
The control of this company has
dicate represented by 8. II. G.
Co.—Change in Control.—
been purchased by a syn¬
j State Telephone A Telegraph
,Co. and Youngstown (0.)
Telephone Co.
Profit and Loss Account of Mackay
Jan.
Companies for 11 H Months Ending
15
1907.
'
$3,211,872
-20 386
Income from Investments
Deduct—Operating expenses
Dividends paid
2,985,874
$205,112
Balance, surplus
[The dividends as above include 4%- on the preferred, or $1,744,462, and
3% on the common, $1,241,412: total, $2,985,874.
The dividend rate on
• the common shares, theretofore 1% .semi-annually in January and July,
j was la October last changed to 4% per annum, with the payment of a
I quarterly 1% on Oct, 1, making 3% in all for the calendar year 1906.
; — Ed.]—V. 84. p. 163.
j
:
Manhattan Transit Co.—Favorable Decision.—See Long
|
Acre
Electric Light & Power Co. above.—V. S3, p. 894.
Hamilton of Youngstown,
O., including, it is said, Sfct Louis, Cleveland and Youngs¬ |
Maine Steamship Co.'—Reported Change in Control.—A
town capitalists.
One account states that the purchase I press report from Portland, Me., states that the New Yorkj
price was par ($25 per share) for the common and 110 ($27 50 New Haven & Hartford IIR. has bought control of this
per share) for the preferred; another report says that drafts steamship line,tplying between New York and Portland.—
for $0,000,000 were received by the German Savings Bank
V. 83, p.275.
at Davenport, la., for distribution among the shareholders.
Marion (O.) Manufacturing Co.—-Bankruptcy.—At Toledo
The new interests have elected either for the old, or a suc¬
on
Dec. 31 this company, manufacturer of threshing macessor, corporation S. II. Bassett, President; J. A. Lewis,
Vice-President, and J. W. Perry, Secretary and Treasurer, | chines, filed a petition in bankruptcy. A press dispatch
i says: “The company, capitalized at $340,000, has $210,000
all of St. Louis.
See V. S3, p. 1350.—V. 84, p. 162.
j
liabilities, with more than $400,000 assets.” Compare V. S3,
La Salle Copper Co.—New Subsidiary for Calumet & Ilecla.
p. 1174.
—This company has been incorporated under the laws of
Massachusetts
Lighting Co., Boston.—Acquisition.—
Michigan with $10,000,000 capital stock, in shares of $25
each, to take over the control of the properties of the Tecum- This company, it is announced, has purchased control of
sch Copper Co., the La Salle and Caldwell companies (under the Northampton (Mass.) Electric Lighting Co., which, it
option to Calumet A Heela) and certain lands contributed is said, has a capital stock of $117,400; surplus of $75,000;
by the Calumet A Heela and the Sheldon estate. The Calu¬ no bonds, and income for year ending June 30 1906 of, gross,
met A Heela Mining Co. will own a majority of the capital | $60,000; net, $29,000; dividend, 10% per annum.—V. S3,
stock and manage the enterprise.
Of the 54,959 shares jp.99.
of $25 each of the Tecumseli Mining Co., over 48,000
Montreal Steel Works.—Dividend.—The company, it is
shares, it is said, have been deposited with the Calumet A stated, paid early this month a dividend of 4 f £ % on the
Heela in exchange for the shares of the La Salle Copper Co.
common stock, making with the interim dividend of 2}A%
on the basis of four shares of new stock, total par value $100,
paid on the stock last summer 7% for present fiscal year.—
for three shares of the Tecumseli, total par value $75.
The Compare V. 83, p. 216, 972, 1174.
Boston “Financial News” of Dec. 28 1906 said:
Montreal Water & Power Co.—Listed in London.—The
Tills company will have 400,000 shares of capital stock, par $25, full
paid.
There are to be 502,977 siiares issued for the properties above re¬ ! London Stock Exchange has listed the £252,200 first mortferred to. leaving 07.028 shares in the treasury.The Calumet & Ilecla
I gage 4% prior lien gold bonds of £100 each (Nos. 1 to 1,822
will contribute $1,000,000 for treasury purposes and agrees to lend tin*
company in addition $750,000 if needed.
Stock control will rest with the j and 2,001 to 2,700 registered).
See V. 78, p. 106.
Calumet & Heela in return for land and cash contributed.
The properties
entering the consolidation are:
Douglas and Sheldon estates, 400 acres
National Supply Co., Toledo.—Stock
Dividend.-—This
La Salle (Association), 840 acres:
Tecumseli, 560 acres; Caldwell, 50o
acres;
total, 2.860 acres.
The new company’s present mineral expecta¬ | West Virginia corporation, which manufactures' oil well
tions are confined to the Kearsarge lode, which has been demonstrated l and plumbers’ supplies, its stock being listed on the Toledo
by diamond drill on the Caldwell property, and by the shafts of the Tecum- I Stock
Exchange, has increased its capital stock fromseh
the northern end of the combined property.
[Compare report of
Calumet & Heela Mining Co. in V. 88. p. 209.[
j $2,000,000 to $4,000,000 by the addition of $2,000,000 S%
The directors of the La Salle Company are Alexander Agassiz. Rudolphc
noii-cum.ulative preferred stock, and will distribute the same
L. Agassiz. Quincy A. Shaw Jr., Thomas L. Livermore and James MaeNaughton.
j as a 100% stock dividend for the purpose of dividing a
Lawrence (Mass.) Gas Co.—Dividend Increase.—A press i portion of the accumulated surplus, provided the shareholdj ers at their meeting on Feb. 13 approve.
report announces the declaration of a semi-annual dividend
The stockholders arc requested to deposit their stock certificates with
of 4%, payable to stockholders of record Jan. 25, thus
the Bankers’ Trust Co.. Wall Street, .New York, on or before Jan. 26,
1
receiving
in exchange 100% of common stock and 100% of the new 8%
increasing the annual rate from 6% to 8%. See V. 83, p.690.
j noil-cumulative preferred stock. The committee having the matter in
consists of William Hardee, E. C. Converse. I-'. L. Potts. Arthur F.
Long Acre Electric Light & Power Co., New York.— charge
Luke and James II. Harr.
The par value of the shares is $100 and divi¬
Favorable Decision.—The Appellate Division of the Supreme
dends of 8% to 10% per annum have been paid, quarterly in January, &c.
Court, First Department, by a vote pf 3 to 2 (Justice Scott At last accounts $1,670,000 of the $2.ooo,ooo stock was outstanding.
! Officers: William Hardee. President; \V. C. Hillman. First Vice-President;
writing the prevailing opinion), on Jan. 19 affirmed the j j. if, Barr, Second Vice-President; E. B. King, Treasurer; T. W. Pratt,
decision of Justice Dowling granting a peremptory man¬
•
on
:
•
|
compel the Consolidated Telegraph & Electrical
Subway Co..to permit the Long Acre Co. to use its conduits
for a cable containing three conductors in its subway from
No. 548 West 42d St. east to 7th Ave. and north to the Cri¬
terion Theatre, at 44th St. and Broadway.
Compare Man¬
hattan Transit Co. item, V. 83, p. 894.
damus to
Secretary.
President William Hardee is quoted as saying; “Our policy has been to
j accumulate a surplus in order to increase our resources, and now that this
I surplus has passed the two-million mark, we have decided to give the
{ stockholders the benefit of it. As will be seen, under our $4,000,000
I
j capital
\\e will still have a surplus of more than $300,000.”
New
England Gas & Oil Co., Boston, Mass.—Liquidation.
! —For record it should be stated that this company, having
American Licetrical ! failed to make money out of its oil properties, votcdBast
The company claimed the right as successor to the
Manufacturing Co., the validity of whose franchise, which was granted in
1887. was disputed.
'Pile Court says:
“If for any public reason there Is a
doubt as to the validity of the title, that question can be raised by the
If not
proper municipal authorities when application is made for a permit.
then raised the question is of no concern to the respondent."
The Long
Acre Company, it is stated. Is the only one not identified with the Consoli¬
dated (ias interests which has a franchise for furnishing electric light in
Manhattan.
The company’s officials arc quoted as
cision opens the way to competition in a broader field
Interests, the suit being regarded as a test ease.
| August
to go into liquidation. — V. 80, p. 1734.
New York & New Jersey (Bell) Telephone Co.—Listed.—
The New York Stock Exchange has listed the company’s
$18,930,500 capital stock and has authorized the listing of
$6,310,100 hew* shares recently offered for subscription
(V. 83, p. 1595) from time to time on official notification of
issue, making the total authorized to bo listed, $25,240,600.
claiming that the de¬
with the Consolidated
Directors.—The directors include with others:
Earnings for Ten Months ending Oct. 31 1906.
1
Dividends (ft).. Iial.,sur.
Tot. sur.
Gross.
Net.
Interest. Taxes.
Edgar Van Etten, who will shortly become President; William J. Clark,
$
$
$
General Manager of the General Electric Co.: William H. Lamprecht, of
$
$
S
S
Lamprecht Bros., of Cleveland: G. Tracy Roffers. President of\the Bing¬ I 6.1 8 1,485 1 ,697,801 59 ,213 125 .000 (4 > ^ % ) 799 .534 7 1 4 .054 4 (71 1 .883
hamton Railway Co.: William Harris, theatrical manager, and John C. j
Xole.- The dividends, long 7% per annum (1*4% quarterly and 1%
extra In January). a>-e expected to lie l y % quarterly beginning April 15
Sheehan.—Y. 76. p. 1358.
1
1907.
See V. 83. p.
1595.
Mackay Companies.—Listed.—The New York Stock Ex¬
Niagara Falls Power Co.---See Niagara PowerJCompanios
change has listed $50,000,000 4% cumulative preferred stock 1 below.
V. 84, p. 163.
and $41,380,400 common stock.
The company's statement |
shows that, besides holding stock in a large number of tide- |
Niagara Power Companies. —Authorized toll m port Power
graph and cable companies of the Commercial Cable-Postal j from Canada.—Secretary Taft on Jan. 19 issued permitsMor
Telegraph system, "it is the largest stockholder in the ! the importation of 160,000 electrical horse power, generated
American (Bell) Telephone A Telegraph Co.”-and also owns | on the Canadian side of Niagara Falls, into the United States,
stock in the following subsidiaries of that company (compare via .:
—
V. 82.
<>!»!*. I
.
.;-.<'*3fcjjgjaiat3C|gi
Bell Telephone Companies of Buffalo. Canada. Missouri
Central District & Printing Telegraph Co.. Pittsburgh:
and Philadelphia’:
City <k Suburban
Telephone Co.. Cincinnati; Colorado Telephone Co., Cumberland Telephone
& Telegraph Co., Hudson River Telephone Co., Missouri & Kansas Tilephone Co.,-Nebraska Telephone Co.. New England Telephone & Telegraph
Co.. Xew York A Xew Jersey .Telephone Co., Paeilie States Telephone &
Telegraph Co.. Pennsylvania Telephone Co.. Pioneer Telephone & Tele¬
graph Co.. Providence Telephone Co.. Roc ky Mountain Bell Telephone Co..
Southern Xew England Telephone Co.. Western Telephone & Telegraph Co,
Companies also owns'stock in the following
independent telephone companies: Citizens’ Telephone. Co.
of Grand Rapids, Kansas City Home Telephone Co.. Tri¬
Tlie Mackay
Company—
Authorized.
International Railway Co
1,5oo h. pOntario Power Co. ( V. 82, p. 632i.
oo.ooo h. p
Canadian Xiagara Falls Power Co. i Xiagara
Falls Power Co.)
.52,500 h. pElectric Development Co. (V. 84. p. 53i
.46,000 h. p-
Asked for.
8.000 h. p.
90.000 ll. p.
h. p.
62.500 h. p.
I 21 .500
All these permits are revocable at pleasure, and. in the absence of further
legislation by Congress, will expire on June 29 1909.
The permit to the
International Railway Co. will be* held in reserve until a decision is made
by the Canadian Government in a controversy between the-acompany and
the commissioners of Queen Victoria Park concerning the transmission of
the power
—
through the park.
Compare V. 83.
Ontario Power Co. —See
V. 82, p. 632.
p.
159.
Niagara Power Companies above.
Jan. 26 1907. J
THE CHRONICLE.
Pennsylvania Salt Manufacturing Co.—Right to Subscribe
to New
Stock.—Stockholders of record Feb. 14
right to subscribe at $100
are
offered the
share (par $50) for $1,000,000
share for every four shares of
their respective holdings, thus increasing the outstanding
'stock to $5,000,000.
A circular says in substance:
new
stock to the extent of
per
one
On April 24 1901 thestockholders voted In favor of Increasing the capital
stock from $2,fax),000 to $5,000,000.
In June 1001 10,000 shares were
Issued at $100 per share, or $1,000,000.
In .March 1004 2’0,000 shares were
issued at $7 per share, or $1,500,000, making the total Issue to date
80.000 shares, par value $4,000,000.
The $2,500,000 received for new
stock was entirely absorbed In construction and Improvements at the Phila¬
delphia, Natrona and Wyandotte works, the aggregate expenditures
The additional sum was appropriated from
amounting to over $4,000,000.
the surplus earnings alter providing for dividends.
All our statements as
to the probable success of the new works have been fully confirmed.
To keep abreast of the times and to obtain the best possible results under
existing Industrial conditions, the directors have voted to make further
extensions In the alumina, acid, copper and alkali departments, which, ac¬
cording to estimates, will require an expenditure of nearly $2,000,000.
With this In view, the directors recommend that 20,000 shares of new stock
be offered to the stockholders at Sion per share, payable 50% May 1 1907,
50 '.j Nov. 1 1907.
Scrip certificates will be issued, convertible into stock
after Nov. 1 1907, and Interest at o% per annum to Oct. 1 15107 will be al¬
lowed on all amounts paid prior to that date.
Stockholders may antici¬
pate all payments if so desired.
The new stock will commence to earn
,
dividends from Oct.
15
April 15 1908;—V. 78.
p.
1907
and will
participate In the regular dividend
1114.
People’s Gas Light & Coke Co., Chicago.—6% Dividend
yesterday declared a quarterly
the annual dividend rate to a
6% basis, from which it was reduced to 5% in February
1906 in connection with a reduction in the price of gas.
(V. SI, p. 1796; V. 82, p. 2S4). —V. 83, p. 1595.
Rate Restored.—The directors
dividend of 1)2%, restoring
Rock Island Improvement Co.—Bonds Pledged.—See
Chicago Rock Island A Pacific Ry. under “Railroads’
above and also in V. 83, p. 1227, 1228.
Springfield (O.) Light, Heat & Power Co.—Colled Bonds.—
Bonds of Jan. 1 1892 of the Springfield Light & Power Co.,
numbered 9, 43, 63 and 84, have been drawn for payment
at 106 and interest at the Mercantile Trust Co. of Boston on
Feb. 16. — V. 82, p. 222; V. 76, p. 1412; V. 80, p. 224.
Standard Sanitary Manufacturing Co., Pittsburgh.—New
Stock.—-This New Jersey corporation has filed a certificate
of increase of common stock from $2,500,000 to $5,000,000.
The preferred stock (7% noil-cumulative) remains
Par of shares-, $100. — V. 82, p. 338.
$2,500,000.
Standard Underground Cable Co., Pittsburgh, Pa.—
Stock Dividend, &c.—The shareholders on Jan. 22 authorized
an increase in the capital stock
from $2,000,000 to $3,000,000,
of which $500,000 is to be issued as a stock dividend of 25%
and “a portion” of the remainder for the establishment.- of a
profit-sharing plan for “a limited number of leading
em¬
ployees.”
The annual
report for 1906 showed gross business for the
year amounting to “upwards
pany was incorporated in 1889.
of $20,000,000.”
See V. 84, p. 54.
The
com¬
Tecumseh
per
Copper Co., Boston.—Sale. —Sec La Salle Cop¬
Co. above. — V. 68, p. 525.
225
—William C. Ashwell, senior member of the New York
Stock Excharge house of Ashw 11 Ar Co., at 30 Broad Street,
was killed last
Monday while boarding a trolley car uptown.
Herbert H. Knox, his business partner, has organized the
new firm of Herbert H. Knox & Co. at the same address
to continue the old concern’s business.
Samuel Haughty
will be associated with him.
Mr. Ashwell, who was a native
of New York and about sixty-six years of age, had an inter¬
esting < areer in the South African diamond fields, where
early in life he and his brother Thomas w re engag d in the
wool business at Cape Town.
We are informed that Mr.
Ashwell was on a hunting trip in the interior when th dis¬
cover}' of diamonds was made in 1868.
Quitting the wool
business, the Ashwells soon established themselves in the
diamond fields.
When the great Kimberly mine was found
later, William C. and Thomas Ashwell were among the first
arrivals to stake out claims, which they worked together
until Thomas became critically ill and his brother found it
necessary to take him out of the country to save his life.
Previous to their departure, William Ashwell is understood
to have secured an option on a large part of the lands in¬
cluded in the present Kimberly mine at a purchase price of
$6,000,000. After returning to this country, he tried to
interest ex-Governor E. D. Morgan to finance a company
to buy the lands.
Failing in his endeavors, Mr. Ashwell
allowed his option to lapse and in later years the Kimberly
mine was bought by Cecil Rhodes for about $27,000,000.
Mr. Ashwell received several hundred thousand dollars for
his own share in it.
—Corporations desiring fidelity bonds for their officers
employees are referred to the annual statements for
1905 of The Guarantee Company of North America and of
the United States Guarantee Company, presented in our
advertising columns to-day. Each company has added
materially to its surplus during 1906, besides paying its
usual dividends.
The surplus of each company has been
accumulated wholly from earnings—no part of it having
been contributed by stockholders.
.Both companies are
under practically the same management, being that which
introduced fidelity insurance on this continent over forty
years ago.
Each company avoids the transaction of a
“surety” business, which so often involves large and hazard¬
ous risks, upon court, contractors’ and depository bonds.
—The January edition of the Hand-Book of Railroad
Securities, compiled by the publishers of the “Financial
Chronicle,” is now ready. The book contains in a small
compass very full information concerning the various rail¬
roads and the leading industrials whose securities are dealt
in on New York, Boston and Philadelphia Stock Exchanges.
It shows their earnings, dividends, Ac., for a series of years,
present fixed charges, and also the amounts of the differen
issues of bonds outstanding, their rates of interest, Ac.
There is also given the monthly range of stocks and bonds for
1905 and 1906, together with a yearly range for four years.
and
Price $1.
or
to “Chronicle”'
subscribers, 75 cents.
Slaughter, one of the pioneer stock-brokers of
Chicago, died of heart failure at San Antonio, Texas, on
Tuesday evening last at 6 o’clock. Mr. Slaughter came to
Chicago just after the close of the Civil War, and established
office building, which is to be built at Nos. 70 to 72 Broad
a small brokerage office on Clark Street.
By reason of his
St.. New York, at a cost of about $300,000.—V. 83. p. 1102.
upright and courteous methods, his business rapidly increased,
United Electric Securities Co., Boston.—Called Bonds.— and Mr. Slaughter soon became identified with the leading
He was one of the founders
The American Loan A Trust Co. of Boston, trustee, has called financial movements of the city.
of the Chicago Stock Exchange, its executive officer for a
for redemption at 103 and interest on Feb. 1 1907 all of the
time and a member of the Governing Committee from
outstanding 14th series collateral trust 5% bonds.—V. 81, long
its inception.
p. 513.
—Mann, Bill A Co., dealers in collateral loans, notes and
United States Carbonate Co.—-Sec editorial “Liability of bonds, at 38 Wall Street, this city, are distributing a little
Trust Company,” Ac., on a preceding page.—V. 75, p. 730. cardboard
folder, one of the pages of which contains a table
United States Rubber Co.—Advance in Prices Subject to showing Wall Street money rates for each week of the year
1906.
The data are in part made up from the records given
Further Change.—The company’s new price list, made public
in the “Chronicle,” and the statement in form is much like
last week, advances prices 5% over last year, but instead of
being fixed for the entire year they are made “subject to the annual money tables given in our “Financial Review,”
only more condensed. .The folder should be convenient
change without notice.”—V. 84. p. 54.
and useful to those interested in the money market.
Western Canada Land Co., Ltd.— Listed in London.—The 1
Messrs. Curtis A Sanger, 38 Wall Street, New York, and
London Stock Exchange has listed 150,000 vendors, shares
with offices in Boston and Chicago, arc offering for in¬
of £1 each, fully paid.
Compare V. 82, p. 457.
vestment
$250,000 Southern Railway Co. 3-year 5% de¬
Westingliouse Electric & Manufacturing Co.—Reduction of benture notes, due Feb. 1 1910, to net 6%, and $250,000
Stock by Subsidiary.—See British Westinghousc Electric A Chicago A Alton RR. Co. 5-year 5% collateral trust notes,
due Jan. 1 1912, to net 5%%.
Manufacturing Co. above.—V. 83, j). 1361, 1234.
A full description of these
—A. O.
United Bank Note Corporation. —New Office Building.—
This company’s subsidiary, the American Bank Note Co.,
lias let the general contract for the erection of the new
•
_
—
Yankee Fuel Co.—Mortgage.—The company, incorporated
in Colorado in 1906 with 85,000,000
capital stock, all of one
class.and all issued, full paid, has made a mortgage to the
United States Mortgage A Trust Co. of New York, as trustee,
to secure an issue of $2,500,000 first
mortgage 5% sinking
fund gold bonds (denominations $1,000 each c*Ar), dated.
Oct. l 1906. due Oct. 1 1926, but subject to call at 110 and
i nr “rest by a sinking fund described below.
The bonds are
offered by E. 1). Shepard A Co. <>f New York.
The bonds have
annual sinking fund barinnin^ 1911 of Id cents per
in addition one half of the net annual
surplus, the proceeds-to be Invested in bonds at not over 110 and interest
H not purchasable, the bonds may be drawn by lot at the same price, all
.bonds acquired, whether purchased or drawn, to be canceled. The bonds.
stated, are secured by an absolute lirst lien on 1 1 ,584.70 acres owned in
fee at Yankee. New Mexico, on the Santa Fe Raton ic Eastern RR., part
or the Santa Fe' Liberal
& Ensrlewood RR. system (see item under that
caption under “Railroads” above'; al-o by coal rights in 10,874.44 acres;
lease on 1.079.90 acres, and all equipment of the mines. Including
>77U-Site improvements, these I,at ter bcitvr est I mated to in- worth $ 1.550.81 f>.
an
ton of coal of 2.000 ibs. mined, and
“
\
issues will ho mailed upon
request'?*'
-—Toby A Lamarche, investment bankers, at 25 Broad
Street, this city, have prepared an interesting circular dis¬
cussing the merits of “Gas, Electric Light and Street Rail¬
way Securities as an Investment.”
The firm will mail copies
of this circular on application.
The Casualty Co. of America, 52 William Street, shows
gross assets on Hoe. 31 of $1,879,874.
This is an increase
for the year of $233,676.
The statement will lx* found in
—
another column.
—The business of the old firm of Chas. S. Purinton A Co.,
Boston, which dissolved on Dec. 31 last, will be continued
under the name of Collins, Spalding A Co. at 10 Post Office
Square.
Denning A Magoffin, 49 Wall St., are buying Richmond
Passenger A Power Co. 5s and the other issues connected
—
with this property.
i&amm&xcvxl ^irojes.
COMMERCIAL EPITOME.
Friday Night, Jan. 25 1907.
With more seasonable weather general trade is, if anything ,
better than recently, though snow blockades have occurred
in parts
of the West. Manufacturing industries have been
decidedly active and iron and steel sales extend for a year
ahead.
Money is easier and the feeling generally confident.
Speculation continues dull.
LARD on the spot has declined, owing to increasing sup¬
plies and offerings, larger receipts of live hogs and a reaction
in the market for futures at the West.
Trade has been dull
at the decline.
City is quoted at 9.10c. and Western at
9.40@9.50c. Refined lard has been dull and easier in tone,
though without marked change in quotations; refined Con¬
tinent 9.90c., South America 10.75c. and Brazil in kegs
11.75c.
The market for futures at the West has shown
a
reactionary tendency of late. Early in the week the tone
was stronger, owing to support from packers, commissionhouse buying and covering of shorts.
But the upward move¬
ment was soon checked by realizing and sales for a decline.
Receipts of hogs have been increasing, the spot trade has
been dull and bull speculation in futures has, for the time
being, at any rate, been less popular.
DAILYICLOSINGIPRICES OF LARD FUTURES IN CHICAGO.
Sal.
January delivery
May delivery
July delivery
PORK
6.25
9.42 34
9.45
the
Mon.
9.32 H
9.50
9.55
Tucs.
Wed.
Thurs.
Fri.
9.27 H
9.45
9.4734
9.20
9.40
9.4234
9.22 34
9.4234
9.47>a
9.40
9.60
9.65
Mess
$17 50@$18, clear $18@$19 and family $18 50@$19.
Cut
meats have been irregular within a narrow range.
Trade
has been quiet and limited to jobbers.
Pickled shoulders
8®8hsc., pickled hams ll%@l‘2c. and pickled bellies, 14@
10 lbs., 1034® 10Beef has been quiet and generally
steady. Mess $8@$8 50, packet $11 @$12, family $14 50@
$15 50 and extra India mess $18 50@$19.
Tallow has been
dull but firm on light supplies; City 634c.
Stearines have
been quiet and steady; oleo 1134c- and lard 1034°.
Butter
has been firmer on small supplies; creamery, extras, 3134®
32c.
Cheese fairly active and steady; State, factory, 1434c.
Eggs have declined on liberal offerings; Western firsts 2534c.
OIL.—Cottonseed has advanced on covering of shorts
and manipulation; prime summer yellow 4634®47c.
Lin¬
seed has been quiet and firm; City, raw, American seed,
42@43c.; boiled 43@44c.; raw, Calcutta seed, 70c. Lard
has been fairly active and firm; prime 77@79c.- Olive has
been quiet and steady; yellow 65@70c. and green 60@62e.
Cocoanut has been firm on continued scarcity of supplies,
recent arrivals having been absorbed.
Cochin 10c. and
Ceylon 934®934c. Peanut has been quiet and steady; yel¬
low 50@60c.
Cod has been moderately active and firm;
domestic 36@37c. and Newfoundland 38@40c.
COFFEE on the spot has been more active and firmer;
Rio No. 7, 6>4@7c.; Santos No: 4, 7%@7J4c.
West India
growths have been in moderate demand and steady; fair to
good Cucuta 834@9c. The market for future contracts has
ruled firmer in the main.
The receipts at Rio and Santos
on
further reduction in the movement is
Speculation has been dull, many be¬
ing disposed to hold aloof for further developments.
The closing prices were as follows:
January.
February
5.40c. |May
March
5.55c.
5.40c.
jJune
|July
5.60c. | August
5.65c. |September
5.70c. |October
5.75c. | November
5.80c. | December
5.80c.
5.95c.
6.00c.
6.05c.
SUGAR.—Raw has been dull and easy, but without im¬
portant change in quotations.
Hops have been dull and firm.
\
PETROLEUM has advanced with an active demand for
both domestic and export trade.
Reports from the pro¬
ducing centres indicate that development work is backward.
Refined, barrels, 7.75c., bulk 4.50c. and cases 10.25c.
Naphtha has been fairly active and steady; 73@76 degrees,
13c. in 100-gallon drums.
(Drums $8 extra.) Gasoline has
been active and firm; 89 degrees, 21c. in 100-gallon drums.
Spirits of turpentine has been fairly active and steady at 73c.
Rosin has been firmer with a good demand; common to good
strained, $4 35@$4 40.
TOBACCO.—The general situation shows no essential
change. Quotations have been generally firm. Trade in
domestic leaf, according to most reports, show's some further
improvement, while offerings have continued rather light.
Havana has ruled quiet and firm.
COPPER has been fairly active and firmer; lake 2534®
25^4c; electrolytic 2534 ®25/4c- Lead has been quiet and
steady at 6.30@6.35c. Spelter has been quiet and firmer at
6%@6.80c. Tin has been in fair demand and firm; Straits
42.10c.
Iron has been quieter and easy; No. 1 Northern
$23@$25; No. 2 Southern $22 25@$25.
Sat.
Receipts at—
Galveston
Port Arthur
14,350
Mon.
j
Tucs.
Wed.
22,12 4
j
32,211
15,937
^
Corp. Christ!. &c
_
7,075|
15,375
1,366
1,203
Jacksonville, &c.
19,119
1,825
25,729
13,589!
5,217
22,744 133,095
^
_
431
14,499
1,013
12,597
6,806
5,648
840
312
Norfolk
4361
1,655
3,583
3,3871
3,078
_
N’port News, &c.
1
•
New York
Boston
Baltimore
4.053
2,114
40,630
174
465
355
907
2,425
2,147
1,660
1.126
244
26
881
.
1,669
817
6681
2,114
1,890
54
.
50
174
457
76,653
8,002
92
54
319
_l
_
1 ,082
7,988
1,755
74
5,317
416!
■
_
4,754
16,280
1,126
494
751
5,243
3,628
3,628
-
Philadelphia
|
_
Totals this w’k
125
—
64,913
48,948
41,530
^
__
_
Gerogetown
Wilmington
Total.
74
-
Savannah
Brunswick
Charleston
Fri.
Thurs.
_
New Orleans
Mobile
Pensacola
43,183
125
48,397
47,191 294,162
1
The following shows
since Sept. 1 1906, and
last year:
the week’s total receipts, the total
the stocks to-night, compared w'ith
Stock.
1905-06.
1906-07.
Receipts to
Jan. 25.
This
week.
Galveston
Pt. Arthur
Since Sep
1 1906.
133,095 2,715,562
92,240
Corpus Christ!, &e
28.148
New Orleans
Mobile
Pensacola.
Jacksonville, &c.
76,653 1,612,673
204,301
8,002
Savannah
Brunswick..
Charleston
40,630 1,216.022
124,795
2,1 14
1,890
122,914
54
1 ,063
4,754
276,705
417,819
16,280
1 ,126
21.402
494
12,868
5,243
38,597
3,628
33,277
125
4,169
.
_
.
Norfolk
Newport News, &e
New York
Boston
Baltimore
This
week.
Since Si p
1 1905.
36,019 1,874,691 S
83,449
948
28,661
32,797 1,007,041
5,372
187,420
4,336
107,510
756
11,563
12,622 1,134,144
138,276
2,147
148,127
1,724
189
2,894
7,546
1,049
1907.
1906.
413,107
150,877
•
399,007
69,180
317,763
43,174
177,428
17,485
95,715
11,995
36,605
*
14,233
808
277,796
■
496 908
13,697
1 ,939
47,352
47,030
3,641
458
1,967
74
16,689
48,248
5,006
10,321
39,45*
213,493
7,202
143,752
9,173
6.610
•
11.327
2,562
4,446
294,162 7,016,565 110,898 5,610,653 1.322,480
942,37*
Philadelphia
Total
88,488
5,522
’”74
Georgetown
Wilmington
comparison may be made with other years,
give below the totals at leading ports for six seasons:
In order that
wTe
1906.
Receipts at—
1907.
Galveston,&e.
New Orleans.
133,095
76,653
Mobile
Savannah
Charleston,&c
8,002
32,797
5,372
40,630
12,6^2
1.944
1.913
4,754
16,280
1,126
11,678
2,894
7,546
1,049
9,738
294,162
1904.
1905.
1903.
46,356
66,154
2,518
20,172
5,24#
4,164
11,421
52,243
19,039
1,236
2,961
8,224
19,464
319
324
422
586
19,667
5,260
16,017
36,033
110,898
156,670
141 ,383
184,217
192,638
Since Sept. 1. 7,016,565 5,610,653
j 6,501,204
Wllming'n ,&c
Norfolk
N’port N., &c
All others
Total this wk.
36,967
45,823
2,811
967
4,622
9,869
60,593
51,958
4,849
32,779
2,114
4,108
1902.
38,201
62,195
4,828
11 ,377
5,958,074 5,818,877 5,784,211
The exports
total of 250,203
for the week ending this evening reach a
bales, of which 89,935 w'ere to Great Britain,
36,142 to France and 124,126 to the rest of the Continent.
Below' are the exports for the week and since Sept. 1 1906:
Centrifugal, 96-degrees test,
3 15-32@334c.; muscovados, 89-degrees test, 2 31-32@3c.;
and molasses, 89-degrees test, 2 23-32@2%c.
Refined has
been dull as regards new business, but there have been liberal
withdrawals on old contracts.
Prices have been firm as a
rule.
Granulated 4.65@4.70c.
Spices have been fairly
active and steady.
Teas have been more active and firm.
COTTON.
Friday Night, January 25 1907.
THE MOVEMENT OF THE CROP as indicated by our
telegrams from the South to-night is given Below. For
the week ending this evening the total receipts have reached
294,162 bales, against 339,479 bales last week and 312,936
bales the previous week, making the total receipts since
the 1st of September 1906, 7,016,565 bales, against 5,610,653
bales for the same period of 1905-06, showing an increase
since Sept. 1 1906 of 1,405,912 bales.
spot has been dull and steady.
have decreased, and a
expected by some.
April
[ VOL. LXXXIV.
THE CHRONICLE.
*226
Week ending
Jan. 25 1907.
Exported to—
Exports
from,—
Great !
: ContiBrilain. Fr’nce. nent.
....
Corp.Christi,&e:
12,385 13,650
.
!
—
,
48,662
74,637
10.547
10,547
—!
-----j
..
I’ll"; I III!
23,533 23,533
Conti¬
France
501,642 211,561
45,175 25,91 r
30,762 26,435
113.016
42,678
>
:
Newport News!
New York
Boston
Baltimore
Great
Britain.
56,150
Wilmington..-i
Norfolk
Sept. 1 1906 to Jan. 25 1907.
Exported to—
65,036 17.419 25,489107.944 1,112,046 299,588
!
1
40,180
Galveston
Port Arthur...
New Orleans.
Mobile
Pensacola
Fernandina
Savannah
Brunswick
Charleston
Total.
From
:
j
2
.
,901 2 629
,462*
,639! 2 444
.
Philadelphia..
260;
Portland, Me..
San Francisco.
Seattle
,250!
.
8.420| 13,950
330; 4,792;
16
361
5.099
621|
2,250:
.
1,097
5,731
101,721
2,367
4,220
118,271
74,967
50,982
29,298
3.834
6,00(
nent.
3,373
—
29’. 191
l’lT.i’lf
‘4,786
11,853
49,288
1,198
47,816
44,440
17,637
1,097!
5,731!
Tacoma
Portland, Ore.:
Pembina
!
Detroit
Total
Total 1905-06.: 44,644
l .853
1,855
4,555
646,145 2.226.859
5,162,19#
4.555
■-J 89,935:36.142;
124,126250,2032.289,1S6
5,740
4,220
259.577
86.822
105.058
30.496
3,834
47.816
44.440
17.637
’
"
j
Total.
632,174 2 ,043.808
92,240
52,060
1.547
.1,547
446,296 1 .159,498
109,774
38.68S
97,208
40.014
10#
10C
679.025
523.331
90.328
34,172
18,063
18.063
258,551
160.83C
395| 38.073 83.112j 1.878,369 541,726
1,612.615 4.032.61#
In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
cleared, at the ports named.. We add similar figures for
New York.
Jan. 26
1907-1
THE CHRONICLE.
On
Jan.
Shipboard, Not Cleared for—
Great
25 at— Britain. France
New Orleans.
Galveston
51,027
62,809
Ger¬
many.
13,479
23,051
Other
Foreign
26,565
34,135
9,500
Leaving
Coast¬
wise.
2,666
Y.666
Y,806
3",800
11,000
3,000
13,000
2,000
1,267 109,350
21,536 154,020
2,100 12,450
2,000
2,000
2,200 16,460
27,256 27,256
8,600
29,000
Total 1907.
135,846
Total 1906..
54,354
Total 1905.
35,589
41,730
14,070
14,360
89,800
37,925
43,365
35,401
24,529
46,970
56,359 359,136
18,287 149,165
16,330 156,614
.
750
Savannah
Charleston
Mobile
17,012
12,489
Total.
100
—
Norfolk
New York
Other ports
8,260
1,200
_
_
4,800
FUTURES.—The highest, lowest and closing
New York the past week have been as follows:
289,657
259,087
963,344
793,211
665,088
164,978
12,233
52,720
20,992
135,152
28,525
1 1
a
decrease at the
same
time last year.
The Census Bureau’s report
of the ginning up to Jan. 16,
which was issued on Jan. 23, was interpreted as bearish here
and bullish in Liverpool.
Here it was construed as meaning
a crop of fully 13,000,000 bales, and some of the estimates
are beginning to reach even higher figures.
The report
showed that the quantity ginned this season up to the 16th
inst. was 12,167,873 bales, against 9,989,634 during the same
time last season and 12,767,600 bales for the like period two
Meantime the speculation continues
years ago.
ever.
dull
as
as
On the other hand, the spot markets have been uni¬
versally strong, particularly on the high grades, which still
command big premiums.
Lower grades, too, are meeting
with a much better sale.
The striking off of eleven grades
from the list of grades tenderable on contracts here, as voted
by the Exchange on the 23d inst., is expected ultimately to
have a good effect.
There is a new agitation, however, in
favor of dropping the grades known as Good Ordinary,
Strict Low Middling, Stained and Low Middling Tinged.
The vigorous and widespread discussion of these questions
has for the time being probably caused some reduction in
business in futures here.
Speculation, however, is playing
a distinctly subordinate part this season, the real activity
being in the actual cotton to meet the demands of what, to
Mr. Ellison
many, looks like an unparalleled consumption.
has raised his estimate of the world’s consumption of Ameri¬
can cotton to 12,371,000 bales, figures which, large as they
are, seem to the bulls decidedly conservative.
They also
lay stress on the large weekly takings by spinners. Con¬
tinental spinners have been buying the distant months in
Liverpool and Egyptian operators are also said to have been
buying there of late. Some of the English mills are sard to
be sold ahead till April and May of next year.
To-day prices
were irregular, finally closing slightly lower on selling by
local traders and spot interests.
Spot cotton has been quiet
but firm, closing at 11c. for Middling, an advance for the
week of 20 points.
The rates on and off middling, as established Nov. 21 1906
by the Revision Committee, at which grades other than
middling may be delivered on contract , are as follows:
Fair
c. 2.00 on
Strict mid. fair... 1.75 on
0.14 off Middling tinged-c.
0.32 off Strict low mid.ting
0.50 off Low mid. tinged..
Middling fair
1.50 on Low middling
0.70 off Strict g’d ord. ting
Barely mid. fair.. 1.25 on Barely low mid
Strict good mid.._ 1.00 on Strict good ord-_- 0.90 off Fully mid. stained
1.07 off Middling stained..
Fully good mid
0.88 on Fully good ord
Good middling
0.76 on Good ordinary
1.25 off Barely mid.stained
Barely good mid.. 0.57 on Strict g'd mid. tgd. 0.30 on Strict low m. stain
Strict middling
Even Fully 1. m. stained
0.3S on Good mid. tinged.
Middling
Basis Strict mid. tinged- 0.06 off I Low mid. stainedStrict low mid.
-C-
Fully low mid
On this basis the official prices for a few of
the past week would be as follows:
0.12
0.46
0.90
1.25
0.42
0.50
0.78
off
off
off
off
off
off
off
1.50 off
1.75 off
2.00 off
the grades for
11
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Good
Ordinary
Low Middling
Middling
Good Middling
Middling Fair
....
_
_.
-
.
..
Mon.
Tues.
Wed.
Thurs.
9.55
10.30
10.80
1 1 .56
12.30
9.55
10.30
10.80
11.56
12.30
9.65
10.40
10.90
11.66
12.40
9.65
10.40
10.90
11.66
12.40
9.95
10.50
11.00
11.76
12.50
Fri.
9.95
10.50
11.00
11.76
12.50
0
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Middling
Good Middling
Middling Fair
STAINED.
Low Middling
.
.
Middling
Strict Low Mid. Tinged
Good Middling Tinged
9.80
10.55
11.05
11.81
12.55
8.80
10.30
10.34
10.80
9.80
10.55
1 1.05
1 1.81
12.55
9.90
10.65
11.15
11.91
12.65
8.90
10.40
10.44
10.90
8.80
10.30
10.34
10.80
9.90
10.65
11.15
11.91
12.65
$.90
10.00
10.75
1 1.25
12.01
12.75
10.40
9.00
10.50
10.44
10.54
10.90
11.00
10.00
10.75
11.25
12.01
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10.50
10.54
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THE VISIBLE SUPPLY OF COTTON
to-night, as made
by cable and telegraph, is as follows. Foreign stocks,
as well as the afloat, are this week’s returns, and conse¬
quently all foreign figures are brought down to Thursday
evening. But to make the total the complete figures for
to-night (Friday), we add the item of exports from the
United States, including in it the exports of Friday only.
up
January 25.
Stock at Liverpool
Stock at London
Stock at Manchester
bales.
Total Great Britain stock
Stock at Hamburg
Stock at Bremen
Stock at Antwerp
Stock at Havre
Stock at Marseilles
Stock at Barcelona
Stock at Genoa
Stock at Trieste
1906.
1907.
822,000 1,140,000
11,000
12,000
62,000
53,000
1905.
1904.
940,000
12,000
45,000
633,000
18,000
71,000
895,000 1,205,000
11,000
11,000
389,000
393,000
997,000
722,000
15,000
442,000
223,000
3,000
17,000
126,000
1,000
261,000
3,000
14,000
57,000
2,000
179,000
3,000
37,000
43,000
3.000
9,000
343.000
4,000
244,000
3,000
59,000
38,000
2,000
770,000
741,000
726,000
702,000
4,000
Total Continental stocks..
Total European stocks
1,665,000 1,946,000 1,723,000 1,424,000
India cotton afloat for Europe
83,000
140,000
175,000' 179,000
American cotton afloat for Europe 891,198
478,000
573,000
563,000
Egypt, Brazil, dec,afloat for Europe
Stock In Alexandria, Egypt
Stock In Bombay, India
.Stock In U. S. ports
Stock In U. S. interior towns
U. S. exports to-day
66,000
245,000
73,000
207,000
494,000
807,000
.1,322,486
-
942,376
52,000
202,000
399,000
821,702
27,000
248,000
340,000
786,689
661,359
720,114
696.578
450,989
32,233
23,319
28,337
29,976
Total visible supply
5,552,270 5,375,809 4,578,617 4,009,654
Of the above, totals of American and other descriptions are as follows:
A mrrfcan—
Liverpool stock
bales
Continental stock
American afloat for Europe
U. S. port stocks.
U. S. Interior stocks
U. S. exports to-day
.
.
.
.
..
.
738.000 1,012,000
48,000
46,000
717,000
696,000
891,198
478,000
942,376
661,359
720,114
32,233
Total American
23,319
861,000
38,000
682,000
573,000
821.702
696,578
28,337
548,000
62,000
670,000
563,000
786,689
450,989
29,976
.4,410,270 3,917,809 3,700,617 I 5,110,654
East Indian, Brazil, Ac.—
Liverpool stock..
_
London stock
GULF.
Good Ordinary
Low Middling
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1
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UPLANDS.
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balanced each other that the net result of the fluctuations
is that prices stand about where they were a week ago.
Influences which have militated against improvement in
prices have been a noticeable falling off in the spot business
at Liverpool, some depression in the stock market, and, as
already intimated, the large receipts, to which should be
added the fact that the weekly statistics of late have not
been of a kind to encourage higher prices.
That is to say,
world’s supplies have on the whole increased quite noticeably
1 1
ai m
05 05
speculation in cotton for future delivery has been on a
very restricted scale, and, like last week, the opposing in¬
fluences represented by big receipts on the one hand and a big
spot demand and consumption on the other have so nearly
contrasted with
prices at
stock.
The
as
227
...
.
Manchester stock
Continental stock
India afloat for Europe
.
Egypt, Brazil, &c., afloat.
Stock in Alexandria, Egypt
Stock In Bombay, India..
.
.
...
128,000
11,000
14,000
53,000
175,000
66,000
12.000
7.000
45,000
179,000
245,000
494,000
.
Total East India. &c
Total American
84,000
73,000
207,000
807,000
79,000
12,000
7,000
44,000
83,000
52,000
202,000
399,000
85,000
18,000
9,000
32,000
140,000
27,000
248,000
340,000
1 .142,000 1,458,000
878,000
899,000
.4,410,270 3.917.809 3.700,617 ; 1,110,654
_
Total visible supply
.5,552,270 5,375,809 4,578,617 t1,009 ,654
5.90d.
6.17d.
3.68d.
8.52d.
Middling Upland, Liverpool
11.00c.
11.70c.
7.00c.
16.05c.
Middling Upland. New York
10 >4d.
7 1-16(1.
Egypt, Good Brown, Liverpool. 10 1 l-16d. 8 11-lOd.
8.75d.
10. sod.
9.75d.
Peruvian, Rough Good, Liverpool
9.40d.
5 l-16d. 5 11-16(1. 3 15-16d.
Broach, Fine, Liverpool...
7Vsil.
4
1-16d.
15'Sd.
7*id.
Tlnhevclly, Good, Liverpool
5Hd.
.
The quotations for middling upland at New York on
Jan. 25 for each of the past 32 years have been as follows:
1907.c_.
1906
1905
-.11.00 i 1899.C
..11.80 11898
1904.
7.10
..15.25
1903
..
1902
1901
1900
|1897
..
.
_
.
.
j1896
8.95 11895
8.31 j11894
-10.12 ! 1893
.
7.94
i
1892.
.
6.37
5.88
7.25
8.31
5.69
8.06
9.56
7.62
1 1891-C11890--.
! 1889._.
! 1888-..
11887-.! 1886
9.3711883c--. ...10.19
11.00 11892
9.88(1881
10.12 |1880
9.50j1879
1 1885..
9.19(1878
11.19 11877
| 1884...
10.69:1876
.
11.94
11.81
.12.62
9.44
11.12
...13.31
--.13.00
.
.
--.
S
.
Continental
imports past week have been 227,000 bales.
figures for 1907 show an increase over last week
of 58,843 bales, a gain of 170,461 bales over 1906, an ex¬
cess of 973,653 bales over 1905 and again of 1,542,616 bales
The above
over
1904.
movement-that,is,
Sept. 1, the shipments
and the same items for
corresponding period for the previous year—is set out
AT THE INTERIOR TOWNS the
the receipts for the week and since
for the week and the stocks to-night,
the
[VOL. LXXX1V.
THE CHRONICLE.
228
QUOTATIONS FOR MIDDLING COTTON AT OTHER
MARKETS.—Below are the closing quotations of middling
cotton at Southern and other principal cottuii markets for
in, detail below.
Closing Quotations {or Middling Catron on
!
!
>
O
"I
Q
O o
—<
Week ending
Jan. 25.
£2 ^ ^
■
,
,
|s <? = eIc 55 2J
%
?y
tT *
9
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.
.
x
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.
.
..
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to— to
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4-
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—
October—;
Range
Closing
ft to — 3 —
3 — 3 — 3
ft to ft ft to to CO
3 ft f f 3 To 3 70 4». to 3 3 3 3 3 — 3 r
to 3 •'l7e —
3
— to
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33
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Closing-..
to4j.b33tototo7Cftto3M33333 —
-0703 3
4..~J33
—
Tone—
34^tO*343-
—
Spot
Options
3yto430tOOi3WCo*JtjIx
—
j 10.13-
10.12-.23ll0.1210.21.2210.13-
10.1 3-.24 10.1210.22.23 10.14
3
3 3 — 3 — — i
3 3 ft 4. 3 to i
00 3 — to 3 to •
—'I t
-4 i
3
'
ft — ft 33 4. — 3 3 ft 3 to ft 4. 3 4- ■
C ‘■1 3 “1 -I 4- C 3 to fO f 3 3 3 4* 3
4*f’3“'10-JW©*4 — COO — — 3fti
ft 3 3 3 ft ft 4. 4- 3 3
333 3
—
4- 4-
—
310*43033 3
— to — —
3 4- to
—
—
—,
3 f to 4. ft 3 3
3 to-vt 3 3 to
to 3 ft 4- 4-4-4.
to
•
week last year.
OVERLAND MOVEMENT FOR THE WEEK AND
SINCE SEPT. 1.—We give below a statement showing
the overland movement for the week and since Sept. 1,
as
made up from telegraphic reports Friday night.
The
results for the week and since Sept. 1 in the last two .years
are as follow’s:
January 25—
—
V la St. Louis
Via Cairo
Via Rock Island
.
.
Via Louisville
Via Cincinnati.
\ ia other routes. &e
_
...
5-16
10 4
10 9-16
9 5*
i
.
.
.
.
..
.
.
.
Total to be deducted
Leaving total
.
.
net overland
a
...
Including movement by rail1
10.28-.29110.18 -.19
!
90;
89;
Steady.
' Steady.
,
Movement into sight
27
29
50.
51
-
'10.24-.25*10.23 .24
10.23-.37 10.26-.32H0.29 .31
10.29.30'10.22-.23) 10.32 • .33'10.31 - .32
__
9.78-.801
I
'
faj __j
9.88 .90:
i
I
!
j|
9.92-.00i 9.85-.90) 9.89 .92
9.86-.92' 9.88-.91 9.89- 91
Firm.
Vrery s’y. i Steady. i Steady.
Steady.
Ba'ly s'yi Steady.
j Steady.
1
1
Quiet.
TELEGRAPH.—Telegraphic
48 to 74.
.
Abilene, Texas.—Rain has fallen on two days of the week,,
the rainfall being thirty-one hundredths of an inch.
The
thermometer has ranged from 20 to 76, averaging 55.
Fort Worth, Texas. — Rainfall for the week three hun¬
dredths of an inch on two days.
Average thermometer 50,
29.1 13
24 .423
207
864
11.207
142,447
3.570
131 ,650
47.008
804,462
25,541
537,450
Since
Sep. 1.
1903-00
-
Since
145vAr.
110,898
47.008
804.462
47.500
987.500
388,670 8,808,527
-U16.313
565,083
182,439 7,121,103
u\ ,532
584.937
180,907
...
.
.
„
.
•
.
.
66 598
7,706,040
9.676.610
1.505,044
41,711
1,443,527
jail
inch.
previous years:
Bales. '
Since Sept. 1—
210,937 1904-05—Jan. 27..
197.783 1903-04—Jan. 29
247.829 11902-03—Jan. 30
222.687 -1901-02—Jan. 31.
Bales.
.8.683,252
7.922.794
7,912.521
..7,875,563
of
of
The thermometer has ranged from 26 to v0,
j averaging 58.
Taylor, Texas.—Rainfall for the week right hundredths
1 of an inch on one day. Average thermometer 66, highest
SO, lowest 32.
AY it Orleans. Louisiana. — Wo have had rain, on two
the past week, th(* rainfall being fifty hundredth.^ of an
The thermometer has averaged 57.
days
inch.
Shreveport. Louisiana.—We have had -fain-on one day
during the week, the precipitation reaching mx hundredths
The thermometer has ranged, from 34 to 60,
of an inch.
averaging 50.
J.eland. Mississippi.---There has been' rain during the
week, the rainfall being thirty-five hundredths of an inch.
The thermometer has averaged. 51.4, tin* -highest being 70
and the lowest 32.
Viek'sburg, Mississippi. — It has rained on one day of the
readied forty hundredths of an
has averaged 55, ranging from
week.
The precipitation
inch.
The thermometer
38 to 76.
-
Helena\ Arkansas.—Farm work has commenced.
m
Firm.
:
has been lower.
Decrease durimr week.
Week —
1905— Jan.
1904—Jan.
1905 —Jan.
1902—Jan.
10.22-.23 10.14
629
S/pt. 1.
5,610.653
25,541
537,450
46,000
973,000
.
:
1 ,088
672.857
North, spinners’ takings to Jan. 25
ii'i10.09-.20)10.11-.25'10.16.25110.17.22
10.19 —'10.11 =—j 10.21-.22ll0.2O-.21
|ll0.10-.23 ! 10.14-.2S I 10.19 .29 I 10.20 .25
34 to 78.
San Antonio. Texas.—There has been rain on one day
the past week, and the rainfall has been two hundredths
190G-07
.
110.14-. 18,10.11 - .24*10.13 - .25 j 10.17;.2I
10.10-.il 10.19.21 ilO.18-20
100.562
10.074
21 .014
Week,F
Came into sltrht during week.
Total in sight Jan. 25
j Jan-. 24. [ Jan. 25.
2,499
294.162 7,016.565
Total marketed
Interior stocks in excess.
Tuesday,[Wed’day..Thursd’g.\ Friday,
Jan. 22. ' Jan. 25.
88.91 1
,
.
10
9.490
Spinners’
25..
j0:4
105* ,Shreveport
669.100
29,367
54.483
36,030
15 2,200
1 ,554
bales.
Takings.
important
29,11 1
2,498
l .628
6.978
'
at ports to Jan. 25.
Net overland to Jan. 25
Southern consumption to Jan.
•10
946,909
.
to Canada.
Receipts
[10 9 -16
1
58.215
—
The foregoing shows the week’*; net overland movement
has been 47.008 bales, against 2.5,541 bales for the week
last year, and that for the season to date the aggregate*
net overland exhibits an increase' over a year ago of 267,012
In Sight and
] 10 5s
ilO 5-1C
10 5*
highest 78, lowest 24.
Corpus Christi, Texas. - There has been rain on one day
during the week, the precipitation reaching >ix hundredths
of an inch.
The thermometer has averaged 60. tlie highest
being 76 and the lowest 44.
Palestine, Texas.—We have had rain on one day during
the week, the rainfall reaching thirty-eight hundredths of an
inch.
The thermometer has averaged 52, ranging from
1905 -06 —
Since
IVeeA:.
Sept. 1
10.566
268,31 7
5.887
128.703
10<06-07
Since
Week.
Sept. 1.
30.320
465.660
.10,267
140,260
2.781
35,51 5
1 .889
45,620
1 .274
31 .798
11.684
228.056
Total cross overland
Dcdact shipments—
Overland to N. V.. Boston, &e_
Between interior towns
Inland. &c., from South
111.25
precipitation has been light as a rule; temperature
The movement of the crop continues on a
free scale.
Farm work is progressing well in earlier sections.
Galveston, Texas.—We have had rain on two days during
the week, the rainfall reaching seventy-six hundredths of an
inch.
The., thermometer has averaged 61. ranging from
but the
58,755 bales less than at the same period last year. The
receipts at all the towns have been 104,661 bales more than
same
10',
11.00
reports to us this evening from the South are, as a rule,
of a satisfactory tenor.
Rain has fallen in most localities,
’3 2.
-si 3 ft 4. 3 3 3 ft 3 to 3
34-334470 3 704^3 — 3 333~Jftf*3
‘©ft©oc©fWftft©3©ro©44!7c —
—
ho
! i o 5*
!10
Rr
; io.*
110 3- 1C>
lio>
10 5*
1 10 5-16
10 5*
1014
1 9
5*
..
9-16
) 10 7
10 >2
10.90
105*
WEATHER REPORTS BY
The above totals show that the interior stocks have de¬
creased during the week 16,313 bales, and are to-night
>2
i 10
s
105*
10.23.32 10.18
-
i
a
1o 1
j 11.25
,10 5*
i
July—
4*. o CO — !
3
ioM O’-l
..
■
— to
— — — —
— —
—
.
10.23- .24
Closing
o
cefttstoto
3t'
,
10.13-.25ll0.12-
..
g?l~ I S
3 Si to 3 4» Oo to 00 3 3
to £» CD — 3 Co CD to -si V< CD 35 —
4- to to
to
a
! io
Friday.
I
Range
Closing..
'March—
Harare
Closing
tt
33 3 is * CD — 4* to — to 70 CO 3*J CD 4* -.1 C O to
C3^IOD34i.'vJ«J — 7O0OOC4. - 4.CtoDi>.y-Jt! - — DOCDOCnCtiTOfi
70 CD CO to » O To ft O Ci 4i. to D> — 4.^1CODW74.*JNy4.4.0to76toyy
to 3 70
Shipped
IlO 3-16
3-16
105*
10 '* 1 Nashville
Sat’dag, i Mondag,!
j Jan. 21, ;
,
^ E-T
MM®CyyvlM5c4.t0tJ4.ya0OCt0O4^!0WO>-H‘CD4^CO®i?CCO*jy
w' 3 3 cd — ct ft yt o 4* v< to Oo o •— to «o 3 to to «D 3 ►-* *-* -si co c *— cs eo
the
s
q
:[11.15
105*
9J*
»y>
H
?
11.15
10 5-16
10 J*
Jan. 19.
!
*J 3 •*!
—
10.90
10 9-16
10 7-16
10 7-10
NEW ORLEANS OPTION MARKET.—The highest,
lowest and closing quotations for leading options in the New
Orleans cotton market for the past week have been as follows:
15 13
—
iO
70
4o 3
10
10.80
105*
,io«
| 9J,
io**
Thursd’y. ,
.
The closing quotations to-day (Friday) at other
Southern markets were as follows:
10 9-16 jMontgomery
Atlanta
10
'.Raleigh
r'
—
..
10 1-16
10
10
10?^
io M
11.05
10 ‘A
10 5-16
10 H
Wed’day
10
10
10
10
10
10
lots
10 H
10 1-16
10
10
10 Yi
10.80
io %
-ilOK
Augusta
Memphis
St. Louis
Houston
Little Rock
3
10 U
10 3A
Galveston
.10 14
l OH
New Orleans..
10 >4
Mobile
Savannah
Charleston
10
Wilmington.
Norfolk
Boston
10.80
Baltimore
'105s
.,11.05
Philadelphia
£-
Tuesday. 1
Monday.
Sat'day.
.,
g
i
19.856- 0.9-2!i
each dav of the week:
There
is still a little cotton in the fields.
The river is rising.
Land
outside the levee has been overflowed, but record high-water
mark has not been reached.
We have had rain on one 'day
during the week, to the extent of thirty-two hundredths cf
inch.
Average thermometer 50, highest 74. lowest 32.
an
Jan. 26
229
THE CHRONICLE
1907.]
weather has been favoralbe
Cotton is still being marketed
freely there being no indications of holding back. We have
had rain on one day, the precipitation reaching one hun¬
dredth of an inch.
The thermometer has averaged 52, the
highest being 74 and the lowest 30.
Memphis, Tennessee.—The liver is thirty-four and twotenths feet on the gauge, and rising.
Rain has fallen on three
days of the week, the precipitation being thirty-nine hun¬
dredths of an inch.
The thermometer has averaged 50.7,
Little Rock, Arkansas.—'Hie
for farm work the past week.
,
ranging from 29 to 73.2.
Mobile, Alabama.—Farm work is making good progress
in some sections.
Rainy early part of the week in the in¬
terior, but fair and cold since.
Rainfall for the week ninetyinch
nine hundredths of an
on one
day.
Average thermom¬
AND TAKINGS OF COTTON.—
following brief but comprehensive statement indicates
at a glance the world’s supply of cotton for the week and
since Sept. 1, for the last two seasons, from all sources from
which statistics are obtainable; also the takings, or amount
gone out of sight, for the like periods:
WORLD'S SUPPLY
The
1900-07.
Cotton Takings.
"ucck and
1905-06.
;
Season.
]‘ Wiek.
15.495.427,
Visible supply Jan. 18. .. .
Visible supply Sept. 1
American in sight to Jan. 25
.
1
.
5,440.151;
.
24.000]
6,000
2.545,470
7.706,040
1 .1 14,000
1 11 ,000
597,000
117.000
11,000
24.000
89,000
749,000
197.000!
.
.!
.
180.907
955.000!
6,000!
..
.
..
97,000
,
..
24
25
Season.
U/vA.
,
! 1 ,784.156'
572,557; 9.575,610
'
Bombay receipts to Jan. 24
Other India ship'ts to Jan.
Alexandria receipts to Jan.
Other supply to Jan. 25.a
Season.
252,000
12.000
12,305,510
'5,998 .784'15.1 47.766;5,785 .058
Total supply
57, highest 73, lowest 37.
1
!
Montgomery, Alabama.—There has been rain on two days
j
Deduct—
! 5,552,2 701 5,552,270 5.575.809 ; 5,375,809
during the week, the rainfall being sixty-five hundredths of Visible supply Jan. 25
an inch.
The thermometer has averaged 54, the highest
446.514 ' 7.595,4961
Total takings to Jan. 25.
409.229 6.929,701
i
514.514! 5.861.496!
519,229 5,426.701
Of which American.
being 76 and the lowest 31.
152,000
90,000 1,503,000
1.734.000
Of which other.
Madison, Florida.—Dry all the week. The thermometer
I
i
1
i!
has ranged from 30 to 82. averaging 51.
a Embraces receipts in Europe from Brazil. Smyrna, West 1 miles, Ac.
Savannah, Georgia.—There has been no rain during tin1
CENSUS BUREAU’S REPORT ON COTTON GINNING.
past week. The thermometer has averaged 55, the highest
being 77 and the lowest 34.'
—The Division of Manufactures in the Census Bureau com¬
Charleston, South Carolina.—It has rained on one day of pleted and issued on Jan. 23 the ninth of its series of reports
the week to an inappreciable extent.
The thermometer on cotton gin’ning the present season as follows:
has averaged 53, ranging from 33 to 74.
The number of bales grinned in the various States up to Jan. 16. In 1907,
1905 and 1904, and the percentage ginned to the same.date in 1906,
Greenwood, South Carolina.—We have had no rain during 1906,
1905 and 1904 are as follows:
the* week.
The thermometer has ranged from 39 to 59,
Pi r ('mt Ginned
averaging 49.
State or
Statcburg, South Carolina.—We have had light rain on one
|
Ginned to Jan. 16.
j to Jan. 16.
day during the week to the extent of nine hundredths of an
1904.
,1906. 1905. 1904.
1906.
1905.
1907.
j
inch, followed by a cold wave.
Average thermometer 50,
95.2 94.9 96.6
United States
.j12.167.875 9,989,634 1 2.767,600 9.845.537
highest 74, lowest 24.
984.096
97.9 97.3 99.7
1,411,834
1.202.145
1.215,673
Alabama
642,052 69.3 91.6 89.7
825.919
Charlotte, North Carolina .—We have had rain on one day Arkansas
534.687!
764.520
93.5 97.6
,81 855
54.174 95.4
60.428
75,229!
Florida.
during the week,, the precipitation reaching four hundredths (ieorgia
1,602.713 1.695.434! 1,898.397 1,283,911 98.3 96.7 98.3
95.9
of an inch.
The thermometer has averaged 45, the highest, Indian Territory
258.746 90.9 97.1
447,929
364.215
308,161!
55 100.0
15'
Kansas
being 70 and the lowest 21.
563! 98.1 97.9 87.4
1.882
1,310;
Kentucky
j
> 409
982.598
786.844 94.6 90.7 96.1
eter
-
.
1
..
.
.
.
..
...
1
.
.
.
.
The following statement
have also received by tide-
we
graph, showing the height of rivers at the
at 8 a. m. of the dates given:
17.5
Jan. 20 1000.
Feet.
' 12.5
54.2
24.2
11.4^
45.6
17.7
50.7
Jan. 25 15)07.
Fret.
New Orleans
Memphis
.
_
.
.
Nashville
Shreveport
Vicksburg
....
Above zero of gauge.
Above zero of gauge.
Above zero of gauge..
Above zero of gauge.
Above zero of gauge.
Since
Receipts at—
Week.
Since
,
Week.
Sept. 1.
Sept. 1.
955,000 117,000il ,114,000
97,000
484.328
1,084.409
37.187!
252.501
-1
3.744,988
1,576,533
44.203
704,801
637,701]
313,810
287.1691
1.144.514
1,092.932
297.443
248,683,
2,284.954 3.019.944
15,938
15.290
13.631
92.8
1.339.240
29,4IS! 92.2
97 7
89.5
541.136'
174.714
798,714
225.494
2.351.425
98.3
92.4
93.9
12.255:
88.8
89.3
94.0
93.7
95.9
94.9
92.9
98.6
92.6
93.6
81.4
97.4
93.5
98.1
97.7
89.6
In
The total crop of. the United States in 1905-06 was 10,495.105 bales;
1904-05 was 15,451 ,557, and in 1905-04 was 9,819,969.
T1 e statistics for tills report include 260,095 round bales ginned to Jan.
16 19(>7; 270,669 for 1906: 289,425 for 1905; 747.480 for 1904.
The
of Sea Island bales Included is 56,202 for 15)07: 104.710 for 1906: 98,110 for
number
1905; 72,907 for 1904.
The Sea Island cotton ginned to Jan. 16 1907,
distributed by States, is: Florida, 25,666; Georgia, 24,775; South Caro¬
lina, 7.7 1.
The nui. ber of ginneries returned as having been operated this season
prior to Jan. 16 is 28,525, compared with 28,886 for 1906.
Since
\ Sept. 1.
85,000
i
.
.....
I
Week.
J
..
1904-05.
1905-06.
1906-07.
January 24.
.
.
25.2
20.6
.
Missouri
North Carolina
Oklahoma
South Carolina
Tennessee
Texas
Virginia
MOVEMENT FROM ALL PORTS.
INDIA COTTON
Bombay
Mississippi
887.737
1.363,895
40.051
588.315
380.605
>87.192
/
!
Louisiana
points named
810,000
COTTON SUPPLY AND
CONSUMPTION IN EUROPE.
By cable we have received the substance of Mr. Ellison’s
first of January cotton review, and in our editorial columns
give the results.
ALEXANDRIA RECEIPTS AND SHIPMENTS OF
COTTON.—Through arrangements made with Messrs.
Choremi, Benachi & Co., of Liverpool and Alexandria, we
now receive a weekly cable of the movements of cotton at
Alexandria, Egypt. The following are the receipts and
shipments for the past week and for the corresponding week
of the previous two years:
—
For the
Exports from —
Great
Britain.
Bombay—
2,000
1906-07.
1905-06
Since
Week.
Conti¬
Total.
571.000
285,000
85,000
584,000
505.000
92,000
5,000
4 ,000
25,000
22,000
9,000
28,000
26,000
1 ,000
1 ,000
1 1 ,000
25,000
12,000
12,000
24.000
14,000
5,000
44,000
49,000
6,000
4.000
55,000
40,000
61 .000
44 .000
nent.
Total.
54,000
56,000
15,000
12,000
12,000
22,000
2,000
2,000
5) .000
4 ,000
4 .000
5,000
1 .000
1 ,000
1904-05.
Calcutta—
September 1.
('ontlnent.
Great
Britain.
.
1 .000
15)06-07
2,000
1905-06.
1904-05.
Madras—
1906-07.
1905-06.
1904-05...
All others —
1906-07.
1905-06.
1904-05
6,000
.
9.000
•
'
.
.
2,000
2,000
.
_
2,000
..
.
i
•
Alexandria. Egypt.
January 23.
J
1906 07-,
j
190 5-06.
1904 05.
-
'
5.000
1 ,000
5,000
1 ,000
‘
a) —
Receipts (cantar
This week
Since Sept. 1.
180.000
5.614,283
.
..
.
.
.
.
1
.
175,000
180,000
4,477,250
,
•
4,143,145
'
Total all—
1906-07.
1905-06.
1904-05
-s
.....
.
_
.
.
-5,000
2,000
59.000
21 ,000
5,000
42,000
25,000
5,000
22.000
55.000
15,000
45 1 .000
585,000
144,000
j
475,000
4 1 6,000
159,000
Fxports (hales)
This
Week.
—
!
Since
1
jI
Sept. 1. I
COTTON EXCHANGE.—Quarter Grades
Abolished and some Low Grades Cut Off. —The members of
tlie New York Cotton Exchange on Wednesday balloted oil
some
changes in its by-laws. Three., propositions were
acted upon, two being carried by very large majorities and
the other, while receiving a majority of 40, failed to carry
because a two-thirds majority was required.
The amendNEW
nient
YORK
making strict low
middling" stained the lowest grade
deliverable on contract. and in this way raising the character
of the New York contract, received a vote of 265 to 2-1
against.
was
grades
Those changes go into
The amendment cutting out all quarter
carried by a vote of 222 to
67.
January 1 1908.
The grades that are to be eliminated are: Bandy middling
fair, fully good middling, both of which command premiums;
.fully low middling, bandy low middling, fully low ordinary,
strict good ordinary tinged, fully middling stained, barely
middling stained fully low middling stained kind low mid¬
dling stained, which pay discounts.
The other matter submitted was a proposition to provide
for a third revision of grades'to be made in February.
The
vote on this amendment was 163 for and 123 against, but as
a
two-thirds majority was needed to carry it failed of
passage.
‘
.
.
.
!
!
I
j
a
Since
This
(k.
Since
Sept. 1.
Srpt. 1.
W(
12.500:182,740! j 4,250 163,000
3,500 44,84 2
7.000 63,589
32.750 529.652; 23,750:433,33 1.1
0,85(1389,166
...
.
.
.
Total exports
4 ,000
9,250 130,546
6,750 94.943
A cantar is 98 lbs.
MARKET.-Our
MANCHESTER
received by
report
cable to-night from Manchester states that the market
is firm
for
both yarns and shirtings.
The
for both home trade and foreign markets is improving.
w< give till !» it ■os for to- lay below and 1c ave those for
last yr ar for com] xarison
pre vious weeks of this am
demand
‘
*
1905 -06.
1900-07
effect
,
.
This
week.
126,557
71 ,763
6.250 155,867
600
34,979
7.250 141 ,375
6.000 131 .948 !
■
To Liverpool
To Manchester
To Continent
To America
-
1
S'.4 lbs. Shirtings common
32* Cop
Twist.
d.
,
to
d. s
d.
finest
s.
d.
Mid
32a Cop
C pi's
Twist.
d.
d.
Doc
14
on
9Jh
9 15-K on
21
28 ;o«
On
Jan
to)
4 ■.oh
11 ,9 13-If On
18 i 9 H
Oh
to
2.5 ;9s4
lbs. Shirt-
Col'n
ings. common
Mid
U pi’3
8 'i
Cotn
Oil
On
5.69 91
-16
8
If
to;
5.70
10' H 6
104 6
ioh 6
6
to/)
(a, 9
to. 9
9
8
8
5.79 9
5
5
104 6
104 6
104 6
5
6
to. 9
to 9
8
9
fi
to)9
9
104 6
ft
tod
9
5 87
5.96
5.86
5.90
8 If -into)
to)
to)
to.1
8*4
S4
K7<
to
d
s.
OH G
9: h 6
94 ,6
94
9 V,
9*f
94
6
6
6
6
jintst.
d.
s.
d.
d.
to/)
54 tod
5
to. 9
4 4
6
44
6.29
6.31
6.24
to, 9
to.9
44
4 4
44
44
6.23
6.09
6.30
6.17
5
5
5
5
5 to)
to 9
9
230
THE CHRONICLE,
SHIPPING NEWS.—As shown
previous page, the
exports of cotton from the United States the past week have
reached 250,203 bales.
The shipments in detail, as made up
from mail and telegraphic returns, are as follows:
on
a
The prices of futures at Liverpool for each day are given
below.
Prices are on the basis of Uplands, Good Ordinary
clause, unless otherwise stated.
The prices are given in pence and 100ths.
Jan. 19
Total bales'
YORK—To
foreign
NEW
Liverpool—Jan. 23—Cevlc, 2,611
upland, 50
To Hull—Jan. 10—Colorado, 240
To Havre—Jan. 21—Hudson, 1,750 upland, 415 Sea Island
Jan. 23—La Gascogne, 450 upland
To Dunkirk—Jan. 22—Syfang, 5
To Bremen—Jan. 23—Rhein, 3,102
To Hamburg—Jan. 18—Pretoria, 25
To Antwerp—Jan. 23—Samland, 140
To Genoa—Jan. 18—Celtic, 640
Jan. 21—Prlnzess Irene,700
To Naples—Jan. 18—Celtic, 868
_Jan. 21—Prlnzess Irene,
1.507
L*
2.661
240
2,624
Jan.-Feb.
Feb.-Mch.
2,465
Cymbellne, 10,200.-
To Hamburg—Jan. 23—Manchester Spinner, 1,841
Antwerp—Jan. 22—’Massachusetts, 1,500
Jan.
BufTon, 1,780
To Oporto—Jan.
18—Conde W Ilfredo, 2,051
Jan.
To
•
.
Bark Oceano, 400
To Barcelona—Jarr. 18—Conde Wllfredo, 4,424
To Genoa—Jan. 18—Monglbello, 9,647
i...
'
26,950
1,841
23—
3,289
23
—
2,451
4,424
0,647
...
GALVESTON—To Liverpool—Jan. 17—Monarch, 21,080
Jan.
10 —Irak, 15,226; Justin, 11,152
Jan. 23—Albanian,5,570
To Manchester—Jan. 21—Asuncion de Larrinaga, 11,990
To Havre—Jan. 18—Maroa, 17,4.19
To Bremen—Jan. 18—Koln, 12,719
To Hamburg—Jan. 21—Markomannla, 2,130.''To Flume—Jan. 22—Hercules. 1,126
*
To Barcelona—Jan. 22—Hercules. 3,263
To Genoa—Jan. 22—Aphrodite, 2,637.
1
To Naples—Jan. 22—Aphrodite, 250
To Venice—Jan. 22—Hercules, 2,457.
1
To Trieste—Jan. 22—Hercules, 907
MOBILE—To Bremen—Jan. 18—Inchdune, 10,547
SAVANNAH—To Bremen—Jan. 23—Europe, 6,613; Trojan, 6,234
To Reval— Jan. 23—Europe, 300
To Barcelona—Jan. 19—Ida, 5,930
To Genoa—Jan. 19—Ida, 1,031
To Trieste—Jan. 19 —Ida
2,476.
To Venice—Jan. 19—Ida, 449
To Flume—Jan. 19 — Ida, 500
NEWPORT NEWS—To Liverpool—Jan. 18—Shenandoah, 2
BOSTON—To Liverpool—Jan. 22—Canadian, 2,818; Saxonia, 1,260
To Manchester—Jan. 22—Caledonian, 384
To Yarmouth—Jan. 18 and 22—Boston, 330
BALTIMORE—To Liverpool—Jan. 18—Quernmore, 2,639
To Havre—Jan. 18—Langoe, 2,444
To Bremen—Jan. 23 —Breslau, 16
PHILADELPHIA—To Liverpool—Jan. 18—Merlon, 108
To Manchester—Jan. 17—Manchester Commerce, 152...
To Rotterdam—Jan. 16—Granarla, 200
To Antwerp—Jan. 4—Manltou, 161
PORTLAND, ME.—To Liverpool—Jan. 20—Norseman, 2,250
SEATTLE—To Japan—Jan. 22—Shlnano Maru, 3,094
Jan. 24
—Tencer, 2,637
SAN FRANCISCO—To Japan—Jan. 24—Hong Kong Maru, 1,097.
17,419
12,719
2,130
1,126
3,263
2,637
250
2,457
907
10,547
12,847
300
5,930
1,031
2.476
449
.500
2
4,078
384
330
2,639
2,444
16
108
152
200
161
..
2,250
5,731
1,097
250.203
The particulars of the
arranged in
our
foregoing shipments for the week,
usual form,
are as
Great French GcrBritain,
ports, man}/.
New York
2,901
New Orleans... 12.385
Galveston
65,036
Mobile
Savannah
Newport News.
2
Boston
4,462
Baltimore
2,639
Philadelphia
2 60
Portland, Me
2,250
San Francisco
Seattle
2,629
3,127
13,650 28,791
17,419 14,849
Total
5,144
16,522
10,640
300
10,386
...
23,533
...
2,444
’
4,792
5,099
16
361
621
_
._
89,935
2
330
....
.
36,142 70,177
...
4,099
Total.
13.950
74.637
107,944
10,547
...
1_
....
.....
.
149
3,289
10,547
12,847
...
....
follows:
—Oth.Europe—Mex.,
North. South.
Ac. Japan.
42,692
330
1,097
5,731
2,250
1,097
5,731
6,828 250,203
The exports to Japan since Sept. 1 have been 109,378 bales
from Pacific ports and 10,000 bales from Galveston.
LIVERPOOL.—By cable from Liverpool we have the fol¬
lowing statement of the week’s sales, stocks, &c., at that port:
Jan A.
Sales of the week
..bales
36,000
Of which speculators took.
2,000
Of which exporters took
1 ,000
Sales. American.
31,000
Actual export.
8,000
Forwarded
94,000
Total stock—Estimated
.749,000
Of which American—Est_. .657,000
Total Import of the week
.152,000
Of which American
1 19,000
Amount afloat
.417,000
Of which American
.342,000
Jan. 11.
85,000
.
.
.
...
.
_
_
.
_
.
Jan. 25.
50,000
4,000
2,000
71,000
2,000
2,000
62,000
20,000
1 12,000
790,000
4,000
76r,000
19.000
104,000
745,000
643.000
119,000
82,000
493.000
418,000
.
...
Jan. 18.
3,000
.
45,000
19,000
106,000
822,000
738,000
156.000
1 31,000
686.000
177,000
138,000
504,000
432,000
12 7*
p.m.
Oct.-Nov_
Nov.-Dec.
d.
48
d.
46
46
43 7*
42
5 42
44 7* 41
5 41
43 7* 40 7*
5 41
43
40
5 40
42 7* 39!*
5 35
37 7* 34 7*
5 30 7* 33
30
5 26 7* 29
26
5 26
28 7* 25 7*
461 .000
398.000
Liverpool market for spots and futures
day of the past week and the daily closing prices of
spot cotton have been
as
follows:
i
Spot.
Market
12:15
V. M.
1
1
J
Saturday.
Monday.
Fair
business
Fair
business
doing.
doing.
5.S4
5.86
Mid.Upl'ds
rf
Tuesday.
Wed'day.
Moderate
i demand.
Good
demand.
Thursday.
Friday.
8,000
500
Speo.&exp.
Futures.
Quiet at
Market
1
opened
J
Market,
i
4
1
P.M.
j
-
1 tf
Pt-s.
decline.
Quiet
1 '* (oY2 >*
pts. dec.
at
8,000
500
Warden's.
Quiet.
5.79
5.86
5.90
5.90
7.000
500
10.000
3.000
10.000
1.500
7,000
500
Steady at 1 Quiet at
2 points i
1
point
advance.
decline
Thurs.
Fri.
d.
45
45
43
42
d.
49
49
47
46
d.
d.
d.
d.
56
55
51
49
54
497* 50
49 7* 50
53
47
477* 49
46
46
47
d.
54
537*
50 7*
48 7*
417* 457* 45 7* 457* 46 7* 48 7* 48
417* 45
457* 45 7* 45 7* 477* 477*
45
41
45
40 7* 44 7* 447*
40
36
40
32 7* 36 7* 37
28 7* 32 7* 33
32
28
327*
45
45
47
447* 44
45
39
40
40
36
35
36
30 7* 32
32
31
317* 30
7*
7*
7*
7*
7*
47
45
40
36
32
31
7*
d.
55
54 7*
51 J*
49 7*
49
48
47
45 7*
39
35
7*
32
31
BREADSTUFFS.
Friday, Jan. 25 1907.
as a rule, owing to
the advance in wheat.
Millers have asked higher quotations,
which buyers have refused to pay, with the result that an
already exceedingly small volume of business has been still
further reduced.
Export trade has been stagnant, and the
daily clearances of flour from the seaboard for Europe have
been small.
At the principal milling centres of the North¬
Prices for wheat flour have been firm
west
and
the
Southwest
prices which buyers offer to
business
continues
dull.
Here
for even small lots are as a
rule 10 cents below market quotations.
Rye flour and corn
meal have been quiet and steady.
Wheat has advanced, favored by continued small receipts
at the Northwest, higher European quotations, bullish
world’s statistics and a better export demand.
Moreover,
the weather at the West has been extremely cold, where much
of the crop is unprotected by snow.
Blizzards have occurred
at the Northwest.
Extraordinarily cold weather has pre¬
vailed over Eastern Europe, extending as far south as Greece.
Black Sea ports have become icebound and heavy snows
have impeded shipments from Odessa.
Some reports, too,
insist that the recent extraordinarily cold weather in Russia
has done harm over large areas which at that time lacked
snow covering.
The world’s stocks of wheat last week fell
off no less than 6,427,000 bushels, a decrease nearly three
times as large as that in the previous week, while it contrasts
still more strikingly with an actual increase for the corre¬
sponding week last year of 430,000 bushels. There is still
an excess
pay
in the world’s stocks of American
over
those of last
of some 5,000,000 bushels, while the total world’s sup¬
ply of all kinds, reaching 158,686,000 bushels, is 5,000,000
bushels larger than a year ago.
This shows, however, a
gradually diminishing excess over last year. Speculation at
Chicago has increased but more on account of the light move¬
ment of the crop, an advance in foreign markets and some in¬
crease in the export trade, than because of any important
injury to the American crop thus far. To-day prices ad¬
vanced on reports of extremely cold weather in Russia, a
blizzard in the American Northwest, firmer Liverpool cables,
continued small receipts, reports that alternate freezing and
thawing weather over the winter-wheat belt is creating ap¬
prehension regarding its effects on the plant and covering
year
of shorts.
DAILY CLOSING PRICES OF WHEAT FUTURES IN NEW YORK.
Sat.
Mon.
Tues.
Wed. Thurs.
Fri.
No. 2 red winter
81!*-82
82 7*-827* «2
83 VK
83**
83 5*
May delivery in elevator
83 ?*
84 3*
84?*
85 5*
841*
85?*
July delivery In elevator
83
83?*
83 %
84 ?*
84?*
84?*
DAILY CLOSING PRICES OF WHEAT FUTURES IN CHICAGO.
January delivery In elevator.
May delivery In elevator
July delivery in elevator...
Sat.
73 **
77!*
77 **
Mon.
73 J*
Tues.
74
78
78
77?*
777*
Wed. Thurs.
75 5*
79 5*
78 7*
74?*
78 5*
785*
Frl.
75
79
78?*
Indian corn futures have shown an upward tendency, in¬
fluenced mainly by continued small receipts and the ad¬
in wheat.
At times during the week there has been
absence of contract grade in the arrivals at Chicago.
Shorts have covered and there has been some increase in
commission house business at the West.
Moreover, a larger
business has been reported for export at strong prices.
The weather has in the main been more favorable for drying
the crop, provision interests have sold at times and tKere
has been more or less realizing.
But in view of the small
vance
an
i
Sales
Wed.
5 48-100d.
means
JUTE BUTTS, BAGGING, &c.—The market for jute
bagging has been very dull during the week under review at
unchanged prices, viz.: 8%c. for 1% lbs. and 9)^c. for 2 lbs.,
standard grades.
Jute butts also very dull at 3@4c. for
bagging quality.
The tone of the
each
Tues.
5 48
4
4
12 7*
4
4
127*
127*
4
127*
127*
p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m.
d.
50
5 477* 50
5 447* 47
5 43
45 7*
5
Mch.-Apr.
Apr.-May
May-June
June-July
J uly-Aug.
Aug.-Sept
Sept.-Oct.
Mon.
Thus:
53,046
11,990
.
| Total
127*
d.
3,102
1,430
Sat.
p.m.
January..
To Venice—Jan. 10— Solia Hohenberg, 240
Jan. 22—Fortuna, 200
440
To Trieste—Jan. 10—Sofia Hohenberg, 600..
600
To Flume—Jan. 10—Sofia Hohenberg, 200
'
200
NEW ORLEANS—To Liverpool—Jan. 10—Nicaraguan, 5,885
Jan. 22—Mexican, 6,500
12,385
To Havre—Jan. 22—Californian, 13,650
13,650
To Bremen—Jan.
22—Massachusetts,
Jan.
25—
16,750
L*
Jan. 25.
5
25
140
[Vol. Lxxxiy,
Quiet at
.
Steady at
1 '0)2 pts.
advance.
2
points
decline.
Steady at
1
point
declin
Quiet at Very st'dy Quiet at St’dy. unch. Steady at
7* fft)2 pts. at 3©6l* V* pt. dec.
(til 6 pts.
1 >* pts.dec.
decline.
e<tl pt. adv
pts. adv.
advance.
to tjpt.adv
"
'
receipts and the strength of wheat the bears have shown no
aggressiveness. To-day prices were firm early on unfavor¬
able crop reports from Argentina, where the crop is suffering
from drought, small receipts, and covering, but later three
.
was
a
decline
on
realizing.
Jan.
261907.J
THE CHRONICLE
DAILY CLOSING PRICES OF NO. 2 MIXED CORN IN NEW YORK.
Cash corn
January delivery in elevator
_
_
Sat.
.54
54
_
May delivery in elevator
July delivery in elevator
DAILY
CLOSING
52
52
PRICES
OF
Mon.
54
54
H
527s
J4.
54
34
52*4
52 34
?8
34
CORN
52
FUTURES
Mon.
Sat.
41 »4
45 3a
45 34
January delivery in elevator
May delivery In elevator.
July delivery in elevator
Tues.
54 %
41
45
45
Tues.
42
45
45
74
34
?s
>4
7i
54
TWd. Thurs.
54 Yi
54
54 34
54 34
53 3 j
53
53
52 74
IN
Frl.
no
54
52 5s
52 34
.
CHICAGO.
Wed. Thurs.
42 H
42 3s
46 5s
45 74
46
Fri.
41 74
45 54
45 3s
45 H
34
Oats for future delivery in the Western market have ad¬
vanced , owing to the rise in wheat, small receipts, an increased
cash demand at strong prices, light offerings and covering
of shorts.
The speculation had been far less active and at
times, too, the market has felt the effects of realizing; but
general course of prices has been upward. To-day,
however, the market was easier in the main despite continued
small receipts and the rise in wheat.
Some recent buyers
took profits and there was a lack of support.
the
DAILY CLOSING
PRICES
Sat.
Mixed, 26 to 32 lbs...
White clipped, 36 to
38 lbs
OATS IN
Tues.
41
4034
41
OF
Mon.
41
43-44 52
34-44
NEW
Wed.
YORK.
41
43-44 34
Frl.
41
Thurs.
41
43-44 34
43-44 34
43-44 54
DAILY CLOSING PRICES OF NO. 2 MIXED OATS IN CHICAGO.
Sat.
35 54
38
3 5 34
January delivery in elevator..
May delivery in elevator
July delivery In elevator
Mon.
35 3i
38
Tues.
35 34
38 3 s
35 34
34
35 H
Wed. Thurs.
35 3i
36 34
38 34
.18 3*
35 H
33 54
Frl.
36
38 M
35 54
The following are the closing quotations:
FLOUR.
Low grades
Second clears..
Clears
$2 75 @$3 00 Kansas straights.
2
3
3
3
3
3
Straights
Patent, spring.
Patent, winter.
Kansas patents
50
40
65
80
75
80
@
®
@
@
@
a
$3 60 @$3 75
2 50 Kansas clears....
3 65 Blended patents.
3 75 Rye flour
4 20 Buckwheat flour
3 85 Graham flour...
3 OOlCornmeal
3 10 @
4 50 ®
3 65 @
.
3 15
510
4 20
2 10 @ 2 25
2 90 @ 3 75
2 70 ® 2 75
GRAIN.
,
Wheat, per bush.—
c.
I Corn,
92%\
N. Duluth, No. 1
N. Duluth, No. 2
Red winter, No. 2
"
**
Hard
per
bush.—
f.o.b. 90 74 |
No. 2 yellow, new
f.o.b. 83 H |
No. 2 white, new
f.o.b. 87 >a | Rye, per bush.—■
Oats—Mixed, per bush.—
I
No. 2 Western
No. 2 white
42 H @43
54} State and Jersey
41
No. 2 mixed
I Barley—Western
No. 2 white, clipped ..43
@44541
FeedingFor other tables usually given here, see
page
c.
-
f.o.b.55
f.o.b.51 5$
f.o.b.52
No. 2 mixed
Nominal.
Nominal.
Nominal.
Nominal.
201
THE DRY GOODS TRADE.
New
York, Friday Night, January 25 1907.
goods market has displayed still further
strength during the week and values in several instances
have been raised to even higher levels.
Instead of being
disturbed by this, however, buyers seem to regard it as a
natural course and are apparently convinced that prices are
to rule higher for a considerable length of time.
This belief
has been strengthened to some extent by the firmness of the
raw material market and by the common
knowledge that
the cost of production is greater than it has ever been, on
account of the scarcity of labor, higher wages, &e.
The
situation is brought home very strongly to buyers who are
seeking spot goods in the primary mark t, for agent &.are en¬
tirely unable to accommodate their largest customers with
even small quantities, which is as
annoying to the former as
it is to the latter.
Aggregate business during the week had
been large but it has consisted for the most part of a number
of small orders; there has, however, been some fairly active
covering of future requirements by some of the larger houses,
who are apprehensive of what may happen in the event of
the apparently awakened interest of Chinese buyers in this
market developing into an active export movement.
Fur¬
ther sales have been made to China during the week and
inquiries have been numerous, although generally below the
market.
Latest advices from that country are to the effect
that stocks at Shanghai arc moving more freely, and it is
this fact which leads many to suppose that there may be
some
active purchasing here for Chinese account before
very long.
Woolen and worsted goods have been moving
more freely, both in the men’s wear and dress goods divisions.
The
cotton
anything in the
1907
Since
Week. Jan. 1.
77
151
32
45
436
436
236
New
York to Jan. 19.
Great Britain
Other European
China
India
Arabia
Africa
West Indies
Mexico
Central America
South America
Other Countries
.
_
.
_
.
.
..
.
.
Total
_.
...
21
401
681
10
292
669
69
429
91
1,598
460
52
1
1
2.156
299
452
346
,337
4,894
1,183
3.782
9,430
1,751
25,819
150
1 ,133
1,981
importations ana
are as
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dry goods
and since
"ft
*Tj
<-+
C P5
C Cl
general feeling that current prices will seem
cheap before very long. These goods are relatively lower
than the finer classes of fabrics, and, as supplies are not large,
a
witnarawais
follows:
r
,467
There has been a much better demand for heavy brown
drills and sheetings during the week, especially the latter,
warenouse
The importations and warehouse withdrawals of
at this port for the week
ending January 19 1907
Jan. 1 1907, and for the corresponding periods of
833
The value of these New York exports since Jan. 1 has
been 8728,286 in 1907, against $1,346,445 in 1906.
influence and the volume of
an
purchasing during the week has been heavier than at any
time since the season opened.
Operations, however, have
been for the most part confined to the medium grades,
as
the finer qualities have not been shown and are not expected
to be opened before about the first of next month.
Up to
date there has been 41 decided improvement in the demand
for woolens and the hopes of those who
expected a better
season for these bid fair to be
fully realized. On the other
hand there has been a falling off in the request for
manipu¬
lated fabrics, and the difficulty of securing cotton yarns for
reasonable delivery is likely to have a serious effect on those
goods into the manufacture of which cotton enters. Cassimeres have been in the best demand
among woolen goods.
Overcoatings are dull except in a few isolated instances, the
weather being very much against them.
In some spots the
dress goods, market has been quite active and a very satis¬
factory season is looked forward to by the trade. Many
buyers have been in town and the fall purchasing has been
progressing freely, while duplicating has also been active.
There is little change in the character of the buying, the
same lines being the most
popular as in the recent past.
FOREIGN DRY GOODS.—Imported woolen and worsted
dress goods have been active and prices are very firm. Silks
show continued improvement.
Ribbons are firm at recent
advances.
Linens remain very strong witli an active de¬
mand.
Burlaps are steady and scarce.
10,571
2,948
2,243
1,115
an
The colder weather has had
1906-—
Since
Week. Jan. 1.
14
36
16
152
1,115
way of qctive buying
immediate effect upon
for China would
the market. It is
for this reason that some astute buyers are
protecting their
requirements for some time ahead. Sales to China during
the week have included 3-yard drills.
Four-yard sheetings
have been in good demand and in some instances are quoted
a full Fgc. higher.
Bleached goods are as scarce as ever and
fully maintain their strength. Wide sheetings are unob¬
tainable for near-by shipment and sheets and pillow cases
are
very firmly held. There is no relief in the coarse, colored
cotton goods situation, and mills are booked farther a head than
they have ever been. The advances noted on napped goods
are
fully maintained. Linings are active and higher.
Ginghams have been advanced }/2q. and the production is
insufficient to supply the demand.
In spite of the fact that
the 3^c. advance in prints has now gone into effect, there
has been little if any decrease in activity.
Buying of print
cloths has been free and goods for nearby delivery are be¬
coming very scarce.
WOOLEN GOODS.—A larger number of buyers has been
present in the men’s wear market during the week and
business is beginning to assume a more satisfactory aspect.
doubtless have
DOMESTIC COTTON GOODS.—The exports of cotton
goods from this port for the week ending Jan. 19 were 3,782
packages, valued at $249,084, their destination being to the
points specified in the tables below:
*
231
cs
c-l
>
X
Am
[VOL. T.TTTIV,
THE CHRONICLE.
Am
payable semi-annually. Stock
“The city does not tax any of
its issues of stock and takes the place of the holder of this issue
in the payment of the annual State tax thereon, for which
the holder is legally liable.”
Bids for “all or none” of the
Oct. 1 1906 and is
commence
Stats /k'ND City
is redeemable Oct. 1 1980.
News Items.
{^Atlantic City, N. J.—Progress of City.—As stated in last
week’s issue, the city will offer for sale on Feb. 9 five issues
I.d
stock will not be considered.
The official notice of this bond offering will be found among
$650,000, for water,
The financial standing the advertisements elsewhere in this Department.
have always brought
Barnesboro, Cambria County, Pa.—Bond Offering.—Pro¬
good prices. The gross bonded debt is comparatively
posals
will be received until 12 m. to-day (Jan. 26) by Emory
small, being only about 5% of the taxable values, while the
H. Davis, Borough Solicitor, for $7,500 4^% coupon streetnet|debt (gross less water debt and sinking fund) is only
paving bonds. Denomination $400. Date Aug. 26 1906.
lj^%. See V. 84, p. 172, for details of new offering.
Maturity
Atlantic City is without doubt the most popular resort, Interest March and September in Barnesboro.
Sept.
1916,
subject
to
or
$600
yearly.
Bonds
are
1
call
$500
along the Atlantic (’oast, not only during the summer, but
in the winter months as well.
Its permanent population exempt from taxation. Bonded debt $7,500; floating debt,
Assessed valuation for 1907 $572,378.
and its taxable values have shown steady increase during $3,529.
the past thirty-six years, the population which in 1870 was
Bayonne, N. J.—Bond Offering.—Proposals will be re¬
only 1,048 now being nearly 40,000, while taxable values ceived until 8 p. m. Feb. 5 by W. C. Hamilton, City Clerk,
during that period have advanced from $613,706 to $50,- for the following bonds offered but not sold on Dec. i8 1906.
$10,000 4% gold .school bonds dated Dec. 1 1906.
Maturity 25 years.
438,430, as will be seen from the table given below:
49,400 4 hi % gold school bonds dated Jan. 1 1907. Maturity 10 years.
Valual’ri.
of 4% and \\o('/c bonds aggregating
for paving and for hospital purposes.
of the city is excellent and its bonds
Year.
1870
1871
1872.
1873
1874
1875
1876.
1877
1878.
1879.
.
1880.
1881
1882.
Popul'n.
.
.
-
.
.
.
.
.
.
.
.
.
\ Year. Popul’n.
!1883.
1,000
1,395
$613,706 18*4
682.7901 1885.
805,920! 1886
S»4,975; 1887.
1,550
.
Vuluat’n.
1.043
1,825
2.009
2,550
3,100
3,600
4,425
5,477
6,125
6,625
.880.025
1888.
.
.
7.225
7.500
7,942
8,500
9,371
.10.000
.11,500
-
.
.
1.O02,475f1889.
13,037
999,435!1890
1.089.84811891. .13,949
.14,925
1.179,267 1892.
16,069
1.707,760! 1893
.
1.727.475!1894 .17.193
1,884,245.
Valuat'n. Year. Popul’n
S 1,989,610 1895-.18,329 $12,172,616
12,359,654
2.087,9151 1896 .22,120
12,763,603
2.602,3121 1897 .22,365
12.910,070
2.796,395! 1898..24,110
15,312,393
3,537,375 1899-.26,915
18,299.400
3,712,818 1900 .27.838
21,396,606
4,198.1451 1901..29.000
23.281.182
4.415,896 1902 .32.202
40.749.900
10,865.634 1903. 35.000
47,374,340
11.052.925 1904 -36,000
1905..37,593
49.069.922
12.240,999i 1906--39.009
50.438,130
12.113.196
It should be borne in mind that the population
above given represents only the permanent
The superb arrangements both for the comfort
of visitors, the beauties of the beach and boardwalk,
bids
attraction
that the summer
1
1
|
figures
population often reaches
250,000.
Bond Proposals and Negotiations this week
have been as follows:
Amelia, Ohio.—Bond Sate.—On Dec. 1 1906 $1,605 5%
Main Street sidewalk bonds were awarded to John Nichols
of Cincinnati at par. • Securities are dated Dec. 1 1906.
In¬
terest semi-annual.
Maturity part yearly on Dec. 1 from
1908 to 1913 inclutive.
Ind.—Bond Sale.—On Jan. 17
33^% 20-year refunding bonds
Anderson, Madison County,
this place awarded $24,500
dated Feb. 1 1907 to J. F. Wild
Denomination $500.
were
received
on
Cal.—Bids.—The following
Jan. 14 for the $100,000 municipal-
wharf, $137,000 town-hall, $11,100
population.
and pleasure
and the
proximity of both New York and Philadelphia, prove such
an
July 1.
Berkeley, Alameda County,
Interest Jan. 1 and
& Co. of Indianapolis at par.
Interest semi-annual.
Monmouth County, N. J.—Bond Offering.—
Proposals will be received until 2 p. m., Jan. 28, for $150,Asbury Park,
4% coupon beach-improvement bonds. Authority,
Chapter 80, Laws of 1906. Denomination $1,000. Date
Interest semi-annually in New York exchange.
Oct. 1 1906.
Maturity Oct. 1 1946. Official advertisement states that
there has never been any default in the payment of principal
or interest on any bonds, and there is no controversy pending
or threatened concerning the validity of these bonds.
These
securities take the place of those awarded on Dec. 3 1906 to
Kountze Brothers of New York City, which sale was never
000
consummated.
Ashland, Ashland County,
police-alarm-system and
434% 1-40-year (serial) gold bonds
awarded, as stated in V. 84, p. 172, to the Los Angeles
Trust Co. of Los Angeles at 1,06.038.
$50,000 fire-department
a ogoiesTr. Co., Los
j N. \V. Harris & Co., Chic $514,584
$810;100 00| S. A. Kean, Chicago
Angelos
310,769
J. \V. Phelps. Los Ang
315.836 00 list Nat. Ilk., Oakland.. 310,739
Adams-Phillip < Co.. Los
J 1st Nat. Bk.. Berkeley.. 310.150
.
_
_
.
.
315.632
Angeles
Win. It. Staats :'o.; Pasa.
E. H.
Rollins & Sons.
San Francisco
90
25
44
00
50j 1st Nat. Bank, Alturas.- 298,100 00
315,406 00!
!
314.729 85!
Denominations $1,000 and $452
Interest semi-airiually at the Town
50.
Date Feb. 1 1907.
Treasurer’s office.
Blair County (P. O. Hollidaysburg), Pa.—BondOffering.—
Proposals will be received until 10 a. m. Feb. 11 b}” the
County Commissioners for $200,000 4% registered bonds.
Denomination $1,000.
Dale Jan. 1 1907. Interest semi¬
annual.
Maturity thirty years, subject to call after fifteen
Certified check for 2%-of the bonds bid for, payable
years.
to the County’ Treasurer, is required.
Blue Springs School District (P. O. Blue Springs), Jackson
County, Mo.—Bond Sale.—We are advised that the $6,000
5% school-building bonds mentioned in V. 83, p. 1245, were
awarded some time ago to the Citizens’ State Bank of Blue
Springs for $6,012 50, the price thus being 100.208. Denom¬
ination $600.
Date Oct. 15 1906.
Interest January and
July. Maturity $600 yearly on Oct. 15 from 1907 to 1916
inclusive.
(P. O. Bound Brook), N.
J.—
received until S p. m.
Clerk, for $50,000 4%
Denominations: ten bonds
coupon school-building bonds.
of $1,000 each and twenty of $2,000 each.
Date Feb. 1
Interest semi-annually at the First National Bank in
1907.
Bound Brook.
Maturity $1,000 yearly for ten years and
Bound Brook School District
Bond Offering.—Proposals will be
Jan. 29 by E. H. Casterlin, District
the following twenty years.
Brookings, Brookings County, So. Dak.—Bond Offering—
Proposals will be received until 12 m. Feb. 6 by G. H. Stoddart, City Auditor, for the following bonds:
$15,000 5% water-works bonds.
Authority Sections 1391 to 1393 of the
Political Code.
Authority Chapter 155 of the Ses¬
15,000 5% sewerage-system bonds.
$2,000 yearly for
sion Laws.
Wis.—Bonds Voted.—The elec¬
Denominations $1,000.
Date July 1 1907. Interest
tors of this city on Jan. 15 authorized the issuance of $80,000
semi-annually at the City Treasurer’s office. Maturity July 1
5% 5-20-vear electric-light-plant bonds. The vote was 1,034
These bonds will not be a~ general city liability, 1927, subject to call after July 1 1917. Certified check for
to 287.
5% of the bonds bid for, payable to H. F. Haroldson, City
but will be issued as a mortgage on the plant, payable only
from the income
of the plant.
Avoyelles Parish (La.)
.
School District.—Bonds A uthorized.
—The Board of School Directors, according to local reports,
has voted to issue $17,500 5% school-building bonds.
curities will be dated Jan. 15 1907 and mature
Se¬
“within
eight years.”
Auglaize County (P. O.
Wapakoneta), Ohio.—Botid. Offer¬
ing.—Proposals will be received until 12 m. Feb. 12 by W. H.
Meyer, County Auditor, for $30,000 5% bridge-building
bonds.
Authority Sections 871-872 and 2835 of the Revised
Statutes.
Denomination $1,000. Date Jan. 1 1907. In¬
terest semi-annually at the office of the County Treasurer.
Maturity $1,000 each six months from July 1 1908 to Jan. 1
1923 inclusive.
Deposit of $500 in cash required. Accrued
interest to be paid by purchaser.
The official notice of this bond offering will be found among
the advertisements elsewhere in this Department.
Baltimore, Md.—Bond Offering.—Proposals will be re¬
ceived until 12 m. Feb. 7 by Wilton Snowden, President of
Board of Commissioners of Finance, for $1,000,000 3^%
registered sewer stock. Authority, Act of the General As¬
sembly passed at its January session in 1904, Chapter 349,
and Ordinance No. 227, approved March 20 1905 and rati¬
fied bv the voters at election held Mav 2 1905., Interest will
Treasurer, is required.
Buffalo, N. Y.—Bond Sale.—On Jan. 22 the $300,000 4%
1-10-year (serial) registered tax-scrip bonds (non-taxable)
described in V. 84, p. 172, were awarded to the Erie County
Savings Bank of Buffalo at 100.61—a basis of about 3.876%.
A bid of 100.043 was also received from N. W. Harris & Co.
of New York City.
Cameron School District (P. O. Cameron), Marshall
County, W. Va.—Bond Offering.—Proposals will be received
until 5 p. m.
Jan. 31 by the Bond
CommissionersJfor^aS^OO
DenominationY$500.
coupon school-building bonds.
Date Jan. 2 1907.
Interest annually in Cameron. Maturity
$1,000 in 1910 and $2,000 yearly thereafter.
this issue.
Assessed valuation for 1906 $3,295,921.
Canton Union School District (P. O. Canton),
County, Ohio.—Bond Offering.—Proposals "will be
5%
Bonded debt,
Stark
until 12 m. Feb. 16
received
by W. C. Lane, Clerk Board of Educa¬
bonds. Authority Section 3994 of
tion, for $20,000
the Revised Statutes.
Denomination $1,000. Date Feb.
16 1907.
Interest semi-annually at the office of Kountze
Bros', in New York City or at the office of the City Treasurer
in Canton, at option of purchaser.
Maturity Feb. 16
Each bid must be made on a blank form furnished by the
Board of Education and must be accompanied by a certified
cheek on some bank in Canton for $1,000.
Successful bid¬
der to furnish blank bonds at his own expense.
1927.
.1 an. 2ti 1007.
THE CHRONICLE
|
Proposals will bo received until 12 m. Fob. 16 by H. 1).
Bishop, Village Clerk, for the following bonds:
ji/.'.WO 4 1 i "o coupon Franklin' Ace. assessment bonds.
Maturity
-
7.0)0 4 12 "o
I'.loo 4U%
oik-
yearly on Oet. 1 from 1007 to in Hi inclusive.
coupon Franklin Ave. bonds—village s portion.
-Maturity
one bond of $470 yearly on Oct. 1 from li>07 to 1916 inci.
coupon Orange St. assessment bonds.
Maturltj one bond
of $,*oo y early on Oet. 1 from 1907 to 1913 inclusive.
Maturity one
coupon Orange St. bonds—village's portion.
bond of $ J l.i yearly on Oct. 1 troiuToo.s to 1917 inclusive.
bond (>r‘ S', .otb)
4.700 4}■■> °o
The* above bonds arc dated Fob. l(i 1907.
Interest April
1 tiiid Oet. 1 at the Caagrin Falls Banking Co. in Chagrin
Fails.
Accrued interest to be paid by purchaser.
A certifi¬
Falls Banking Co. for $500.
payable to the Village Treasurer, is required with each bid.
ed a-
of deposit of iht' Chagrin
B:d< to be made
on
blanks furnished by the Clerk.
Charleston, Kanawha County, W. Va. -Bond Sale.
— On
bridge-construction, tin* $100,000 re¬
funding and the $125,000 sewer-construction 4}4['[ 20-34v -ar
(optional gold coupon bonds, a description of which
w.i.' given in Y. $3. p. 1005. were awarded to the Kanawha
Banking 6c Trust Co. of Charleston at 102.502 and accrued
interest —a basis of about 4.312% to the optional date and
4.359% to full maturity.
Chicago (Ill. i Sanitary District. - Bund Offering .--Pro¬
posals will be received until 1 p. m., Jan. 30, by 1. J. Bryan.
Clerk. Room 1500. American' Trust Building. Chicago, for
$590,000 4% coupon bonds.
Denomination $1,000. Date
Interest semi-annually at the office of the
Feb. 1 100*7.
District Treasurer.
Maturity $28,000 yearly on Feb. 1 from
the $25,000
17
Certified
1925 inclusive and $24,000 Feb. 1 1920.
cheek for 5% of the bonds bid for, payable t<» the
cif- Sanitary District of Chicago,” is required.
1909 to
Clebum
County (P. O. Edwardsville), Ala.
John B.
“(Jerk of
Warrant Sale.
-
awarded to
—On Jau. 21 $25,000 court-house warrants were
Weakley of Birmingham.
Clyde, Sandusky County, Ohio. —Bond Sale.—On Jan. 21
tne $3,500 5%
5-11-year (serial) coupon water-works-improvement bonds dated Dec. 1 1900 and described in V. 84,
p. 01. were awarded to William Brugger of Clyde at 107.142
and accrued interest —a basis of about 3.93%
The bids
.
Were as
follows:
William Brupper, Clyde
.$3,730 oo Otis & Hough, Cleveland .S3,(>*4 30
Hayden, Miller A: Co., Clev
3,686 00 : CrORhan Hank & Savings
Breed & Harrison. Cincln
3.678 30|
Co.. Fremont
3,63100
.
.
.
....
.
iClyde Savs. Bk. Co., Clyde. 8,622 30
3.669 301 Macruder Bk. Co.. Port Clin 3.613 00
Emery, Anderson k Co., Cl 3,668 00 ;S. A. Kean, Chicago
3.333 00
Seeurltv Savings Batik
Tr 1st Co.. Tomdo
<fc
.
Oct. 1 1906.
bond
Chagrin Falls, Cuyahoga County, Ohio.—Bund Ojjering
.
Paso County, Colo. —Bond Sale —
This city has delivered to the contractor, Shelby Hare, in
payment for. work done $11,500 North Cascade Avenue
Paving District No. 2 bonds.
Daingerfield School District (P. O. Daingerfield), Morris
County, Tex.—Bond Sale. —We are advised that the $12,500
5% 10-40-year (optional) school-house bonds registered by
the State Comptroller on Nov. 20 1900 (V. 83. p. 1488) have
been awarded to J. Bradfield, Cashier of the National Bank
of Daingerfield.
Securities are dated Oct. 1 1906.
Edna School District (P. O. Fornfelt), Mo.—Bond Ojjering.
—Proposals will be received until Feb. 1 by R. Brissenden,
District Clerk, for $5,100 6% bonds,for the purchase of a
school-building. Denomination $510. Date Jan. 3 1907.
Maturity twenty years, subject to call after five years. Cer¬
tified cheek for $100, payable to the District Clerk, is re
qtiirod. Bonded debt, this issue. 'Assessed valuation for
Colorado Springs, El
1905 $103,000.
Essex County (P. O. Salem), Mass. — Temporary Loan. •On Jan. 21 lie* $23,000 note dated Jan. 1 1907 and maturing
rice. 1 1907. mention of which was made in V. 84. p. 173,
Vas awarded t" Blake Bros. & Co. of Boston at 5.18%
discount.
Everett School District No. 24, Snohomish County, Wash.
Bond Ojjering. — Proposals will be receiv 'd u itil 2 p. m.,
Feb. 9. by W. R. Booth, County Treasure - (P. O. Everett)
fm- $250,000 coupon warrant-funding bonds at not exceeding
233
Interest Jan. and
Maturity ten
July.
years.
Greece Union Free School District No. 4 (P. O. Charlotte),
Monroe County, N. Y.—Bonds Refused.—We are advised
that the $26,000 4^2% high-school-b.uilding bonds awarded
on Oet. 16 1906 (V. 83,
p. 995) to the Security Trust Co. of
Rochester have been refused by that institution on the ground
that there was a slight error in the original call for a special
meeting.
This matter will be taken up by the Law Division
and the Legislature will be
of the Educational Department,
asked to legalize the issue.
Greenwood County (P. O. Greenwood), S. C —Bond Sale.
—We are advised that this county' in December awarded
the three issues of coupon township bonds, aggregating $80.000, offered but not sold on Nov. 3 1906 (V. 83, p. 1307) to
Edmund Seymour & Co. of New York City at par for 5?Fs.
Interest January and July.
Maturity thirty years.
Idaho County (Idaho) School District No. 79.—Bond Sale.
—Oil Jan. 12 a $500 5% 20-year coupon school-building
bond was awarded to the State of Idaho at par.
Date of
bond Jan. 12 1907.
Interest Jan.- 1 and July 1 at the office
of the County Treasurer.
Ithaca, Tompkins County, N. Y.
Bond Sale.-—On Jan. 17
the $22,000 4% sewer bonds described in Y. 84, p. 118. were
awarded to the Hudson City Savings Institution at 101.225
and interest —a basis of about 3.90%
Following are the
.
bids:
Hudson
City
stltutlon
\Y. J.
Savings
In
i Blodget, Merritt & Co., Hos101.223;
....
Hayes & Sons, Cleve.. 100,27
ton.
100.167
:
|S. A. Kean. Chicago
.
.100.10
Jenkins County (P. O. Millen), Ga.—Price Paid for Bonds.
are advised that the Security Trust Co. of Spartanburg
—We
paid 103.29 for the $43,000 court-house and $15,000 bridgebuilding 5%, 20-year bonds awarded to them on Jan. 9.
See V. 84, p. 173.
Denomination $500. Interest Jan. and
July.
Jones County (P. O. Ellisville), Miss.—Bond Offering.—
Further details are at hand relative to the offering on Feb. 4
of the $120,000 5 % coupon court-house-building bonds men¬
tioned in Y. 84, p. 174.
Proposals will be received until
12 m. on that day by W. H. Bufkin, Clerk Board of Super¬
visors.
Authority, Sections 307, 331, 332 and 333 of the
Denomination $1,000.
Code of 1906.
Date Jan. 1 1907.
Interest semi-annual.
Maturity $6,000 yearly on Jan. 1
from 1913 to 1932 inclusive.
Bidders will be required to
deposit with R. L. Garrick, County Treasurer a certified
check for 10%, of bid.
Bonded debt at present, $20,000.
Assessed valuation for 1906, $7,382,424.
Official circular
the county has never defaulted on any contract
states that
obligation.
Lafayette Parish School District (P. O. Lafayette), La.—
Bond Offering.—Proposals will be received until 12 m.,
Jan. 30, for $18,000 5% coupon school-building bonds.
Authority, Act 84 of 1906. Denomination $1,000. Interest
payable at the First National Bank in Lafayette. Maturity
$6,000 yearly on Jan. 15 from 1908 to 1910 inclusive, subject
to call before maturity.
Assessed valuation, $2,933,000.
N. P. Moss is President and L. J. Alleman Secretary of the
or
Board of Education.
Lake County (P. O. Crown Point), Ind.—Bond Sale.—On
Jan. 15 $44,999 20 West Creek gravel-road bonds and
$14,599 20 Cedar Creek and West Creek joint gravel-road
bonds were awarded to the First National Bank of Crown
Point and the State National Bank of Lowell for $59,698 40,
the price thus being 100.167.
Leon County (P. O. Centreville), Tex.—Bond Sale.—We
advised that the $1,650 6% 5-10-year (optional) school¬
are
building bonds registered by the State Comptroller on Dec.
7 1906 (V. 83, p. 1489) have been sold to the County Treas¬
urer for Leon County Permanent School Funds.
Securities
are
dated Nov. 15 1906.
Lodi School District, Bergen County, N. J.—Bond Sale.—
On Jan. 23 the $45,000 5% 5-49-year (serial) school bonds
described in V. 84, p. 174. wore awarded to R. M. Grant &
Co. of New York City.
Denomination $1,000. Interest semi-annually
of the County Treasurer.
Maturity twenty
years, subject t<> call after ten years.
Certified check for'
$10,000, payable to the County Treasurer, is required of all
Logan County (P. O. Bellefontaine), Ohio.—Bond Offering.
bidders except the State of Washington.
Proposals will be received until 2 p. m. Jan. 28 by W. S.
Fitchburg, Mass.—Temporary Loan. A six-months' loan Jones. County Auditor, for $15,000 4% ditch bonds. Au¬
of $125,000 was recently negotiated at “about” 5.24%,
thority sections 4481 and 4482 and amendments thereto.
6% interest
at
.
the office
—
discount.
Flat River School District (P. O. Flat River), St. Francois
County, Mo.—Bond Sale. -This district lias awarded the
$ >.000 5% bunds registered by the State Auditor on Dee. 5
1406 to the Little &• Hays Investment Co. of St. Louis for a
premium of $241. the price thus being 104.016.
Denorninuion
$500.
Date
Nov.
1
1906.
Interest
semi-annual.
M
Purity $500 y< arly beginning twelve years from date.
Gardner, Mass.—Ojjering.— Proposals will be received
until 12 m. to-day (Jan. 26) by John D. Edged, Town
Treasurer, for $15,000 4% coupon sewer scrip.
Denomina¬
tion $500.
Date Dec. 1 1906.
Interest June 1 and Dec. 1
athe National Shawmut Bank in Boston.
Maturity $500
yearly <>n Dee. 1 from 1907 to 1936 inclusive.
Gray School District No. 53 (P. O. Gray), Bingham Coun¬
ty, Idaho.—Bond Sale.—This district has awarded an $800
5% building bond to the State of Idaho at par. Date of
\
Denomination $500.
and Julv 1 at the
$1,000 July 1 1907,
months from July 1
Date Jan. 28 1907.
Interest Jan. 1
County Treasurer’s office. Maturity
$1,000 Jan. 1 1908, $1,500 each six1908 to Jan. 1 1911 inclusive, $2,000
July 1 1911 and $2,000 Jan. 1 1912. Bidders to satisfy
themselves as to the legality of the bonds before bidding.
Deposit of $250 in cash required. Bonds will be delivered
on or before Feb. 2.
Accrued interest to be paid by pur¬
chaser.
Official advertisement states that the county has
never defaulted in the payment of principal or interest.
McKeesport, Pa.—Bond Sale.—On Jan. 11 the $40,000
4% city-poor-farm and the $70,000 4% sewer-improvement
bonds described in V. 83, p. 1549, were awarded to Otis <fc
Hough of Cleveland at 101.209. Securities mature serially
in from five to thirty years.
McPherson, McPherson County, Kan .—Bond Sale.—This
place recently disposed of $9,000 5% main-sewer bonds at
234
THE CHRONICLE
par.
Denomination $1,000.
semi-annually in New York.
Date Jan. 1 1907. Interest
Maturity Jan. 1 1937, subject
to call after Jan. 1 1917.
Medford, Mass.—Temporary Loan.—The City Treasurer
negotiated a loan of $75,000 with Loring, Tolman &
Tupper of Boston. Loan matures in six months.
Milwaukee, Wis.—Bond Offeriny.—Proposals will be re¬
ceived until 10 a. m. Jan. 28 by the Commissioners of the
Public Debt at the City Comptroller’s office for $20,000 4%
coupon park bonds.
Authority, Chapters 40b and 41 of the1
Wisconsin statutes for 1898, and Acts amendatory thereof.
Denomination $1,000.
Date Jan. 1 1907. Interest semi¬
annually at the office of the City Treasurer or at the Morton
Trust Co. in New York City.
Maturity one-twentieth
yearly.
Monroe County (P. O. Key West), Fla.—Maturity of
Bonds.—-We are advised that the $60,000 5% coupon school
bonds which are now being offered for sale by the First
National Bank of Key West, as agent for the county, will
in
twenty years, subject to call after five years.
exempt from taxation. For description of se¬
curities, see V. 83, p. 1549.
Bonds
are
Montgomery, Ala.—Bond Offering.—Proposals will be
ceived
day by the Common Council.
Laws of 1906.
Authority, Chapter 53,
Denomination $1 000.
Date Jan.
Interest semi-annually at the office of the City
has
mature
that
[Vol. Lxxxiy.
re¬
m. Feb. 11 by R. S. Williams, City Treas¬
urer, for $468,000 4)^% refunding bonds.
Denomination
$1,000. Date Jan. 1 1907. Interest semi-annually in New
York City.
Maturity thirty years. Certified check for
2% of the amount bid, payable to the City Treasurer, is re¬
until^ 12
quired. The validity of these bonds has been passed upon
by Dillon & Hubbard of New York.City.
The official notice of this bond offeriny will be found among
the advertisements elsewhere in this Department.
Mount Vernon, Westchester County, N. Y.—Bond Offer¬
ing.—Further details are at hand relative to the offering on
Feb. 5 of the $80,000 4% refunding bonds mentioned in
V. 84, p. 174.
Proposals will be received until 8 p. m. on
Maturity $15,000 yearly
1 1907.
Treasurer.
Jan. 1 from 1918 to 1921 inclu¬
Certified check for $1,000 re¬
quired. The bonds will be certified to as to genuineness by
the United States Mortgage & Trust Co., New York
City,
and their legality will be approved by J. H. Caldwell, Esq.,
New York City, whose opinion will be furnished to the pur¬
chaser.
A. W. Reynolds is City Clerk.
The official notice of this bond offering will be found among
the advertisements elsewhere in this Department.
sive and
on
$20,000 Jan. 1 1922.
Murray, Calloway County, Ky.—No Action Yet Taken.—
been taken in the matter of issuing the
$20,000 water and light bonds mention of which was made in
V. 83, p. 1490.
The city is awaiting surveys, specifications,
No action has yet
&c.
'
.
'
.
Newman Grove School District (P. O. Newman Grove),
Madison County, Neb.—Bonds Defeated.—On Jan. 3 the
voters defeated a-proposition to issue $16,000 school bonds.
New Rochelle, N. Y.—Bond
received until 8 p. m. Feb, 5
Offering.—Proposals will be
by Charles Kammermeyer,
City Clerk, for $25,000 4% registered street-improvement
bonds.
Denomination $1,000.
Date Sept. 1 1906. Inter¬
est semi-annually at the office of the City Treasurer.
Ma¬
turity $2,000 yearly on Sept. 1 from 1908 to 1919 inclusive
and $1,000 Sept. 1 1920.
Bonds will be certified to as to
genuineness by the United States Mortgage & Trust Co. of
New York City and their legality will be approved by J. H.
Caldwell, Esq., of New York City, whose opinion will be
delivered to the purchaser.
Each bid must be made on a
blank form furnished by the city and must be accompanied
by a certified check on an incorporated bank or trust com¬
pany in New York State for $2,000, payable to the^City
Treasurer.
Delivery of bonds Feb. 11.%; Purchaser to pay
accrued interest.
Sept. 18 1906.
These bonds were offered but not sold
p. 715..
on
See V. 83,
NEW LOANS.
NEW LOANS.
VWWWWWVWWWWWWWWWWWWVWVWi/WVWv%\v\N-s. -.vwvwww
090,000
$30,000,000
NEW YORK CITY
Four (4%) Per Cent.
fiOLD TAX EXEMPT STOCK AND BONDS
Issued in Registered Form
To be sold
Friday, February 1,1907
At 2 o’Clock P. M.
AS
FOLLOWS:
$26,000,000 Corporate Stock, Payable November 1, 1956
1,500,000 Corporate Stock, Payable November 1,1926
2,500,000 Assessment Bonds, Payable November 1,1916
THESE STOCKS AND BONDS ARE
LEGAL INVESTMENTS FOR TROST FONDS
Send bids In a sealed envelope, enclosed In the addressed envelope. A DEPOSIT OF TWO
PER CENT. OF PAR VALUE MUST ACCOMPANY BID.
Such
must be in money tfV
certified check upon 4 solvent
Corporation. For fuller information see “City Retf¬
ord,” published at
deposit
Banking
i City Hall, New York.
Conault any
Bank
or Trust
Company,
or
address
City of Mount Vernon, N.Y.,
REFUNDING BONDS
The Common Council of the City of Mount
Vernon, New York, will on the 5TH.OF FEB. '07,
eight o’clock p..m., receive sealed proposals for
at
the purchase of $80,000 Refunding Bonds of the
said City, to be dated January 1st, 1007, bearing
interest at four per centum per annum, payable
semi-annually, and maturing as follows;
$15,000 on January 1st, 1918
{£)>'
15,000 on January 1st, 1919
&
15,000 on January 1st, 192<»
&•;
15,000 on January 1st, 1921
£*.
20,000 on January 1st, 1922
Each proposal must be accompanied by cer¬
tified check for $1,000, to constitute liquidated
damages In the event of the successful bidder
failing to accept said bonds.
Bonds will be engraved under the supervision
and certified as to their genuineness by the
United
States
Mortgage
&
Trust Company,
and their legality will be approved by J. H. Cald¬
of
well. Esq., of New York City, whose opinion as
to legality will be furnished to the purchaserJM
The bonds cannot be sold for less than par and
accrued Interest.
The right Is reserved to reject
any or all bids.
The Common Council will award
the bonds to the highest bidder unless they shall
deem It for the interests of the City to reject
such bid.
A. W. REYNOLDS,
City Clerk.
#145,000
LOCKHART, TEXAS,
5% School Bonds.
Sealed
280
BONDS
DE LIVE RED
COUPONS
If the latter, then
can be-
IN FEW DAYS
Certificates eDgraved In best manner, or purtly
lithographed and partly printed
ALBERT B. KING &
be received until 3 P. M.,
by M. O. Flowers. City Secre¬
will
tary, for $15,000 school house bonds, bearing five
(5) per cent Interest.
Securities are In denomi¬
nation of $500 and will mature In forty (40)
years, the city reserving the right to retire $1,500
In live years, $2,500 In ten years, $3,000 In llfteen
years, $3,500 In twenty years and $4,500 in twen¬
ty-five years.
Principal and Interest will be
made
payable at the office of the State Treasurer,
York City,
at the
option of the holder.
or
at the National Park Bank In New
the First National Bank in Chicago,
Certified check for $200 must accompany each
bid.
M. O. FLOWERS,
Broadway, New York
with steel-plate borders, or lithographed, or part
ly printed from type.
bids
FEBRUARY 4,
or at
HERMAN A. METZ, Comptroller City of New York
EDWARD F. BRUSH,
Mayor.
CO., 206 Broadway, N. Y.
City Secretary.
Established 1885,
H. C.
Speer & Sons Co.
First Nat. Bank
CITY
Building, Chicago
COUNTY
AND TOWNSHIP
&
RON HQ
PUIlUHl
F. B. SHERMAN & CO.
MUNICIPAL
)
and
CORPORATION
205 La Salle
[
)
BONDS
Street, CHICAGO
Jan. 30
235
THE CHRONICLE,
1907.]
Pacific Grove, Monterey County, Cal.—Bond Sale.—An
issue of $20,000 5% storm-sewer bonds was awarded on
Dec. 10 1900 to E. H. Rollins & Sons of San Francisco at
107.039.
Denomination $500.
Date Dec. 1 1906.
Interest
semi-annual.
Maturity $500 yearly on Dec. 1 from 1907 to
1940 inclusive.
City.—Bond Offering.—Proposals will be re¬
ceived until 2 p. m. Feb. 1 by Herman A. Metz, City Comp¬
troller, for $30,000,000 4% gold registered or coupon cor¬
porate stock and bonds, as follows:
New York
$23,000,000 4% corporate stock for various municipal purposes, maturing
Nov. 1 1950.
Perry and Castile (Towns) Union Free School District No.
(P. O. Perry), Wyoming County, N. Y.—Bond Offering.—
Proposals will be received until 7:30 p. m. Jan. 29 by the
Board of Education for the $50,000 school-building bonds
offered but not sold on Sept. 17 1900.
Interest not to ex¬
ceed 5%.
Authority Section 10, Title* S, Chapter 550,
Laws of 1894, and vote of 209 to 214 at an election held Aug.
15 1905.
Denomination $1,000.
Date March 1 1907. In¬
terest June 1 and Dec. 1 in Perry or New York City.
Ma¬
turity $2,000 yearly beginning Dec. 1 1912. Certified check
for 2% of amount bid required.
Official advertisement
states that default has never been made on principal or in¬
terest and that there is no controversy threatened or pend¬
ing. The district lias no bonded debt at present. Assessed
valuation $1,523,289; actual value (estimated), $2,250,000.
2,750,000 4% corporate stock for water supply, maturing Nov, 1 1050.
1,500,000 4"o corporate sfcock for water supply, maturing Nov. 1 1020.
250.000 4% corporate stock for construction of a library building in
Bryant Park, maturing Nov. 1 1050.
1,500,000 4% assessment bonds for street and park openings, maturing
6
Nov. 1 1010.
.
1.000,000 4°o assessment
bonds
for
maturing
street-improvements,
Nov. 1 1010.
The above bonds
exempt from all taxation save
are
State purposes, except the Bryant Park
which are exempt from all taxation.
for
library building bonds
Interest May 1 and
Nov.1.
certified check drawn to the order of
City Comptroller for 2% of the par value of the stock
or bonds bid for must accompany proposals.
Chapter 274 of the Laws of 1904, which applies to the sale
of bonds of the City of New York, provides that “all-or-none”
bids cannot be considered L>y the Comptroller unless the
bidder offering to purchase “all or none” of the bonds offered
for sale shall also offer to purchase “all or any part” thereof.
The official notice of this bond offering will be found among
the advertisements elsewhere in this Department.
Either money or a
the
Portland, Maine.—Mote' Offering.—Proposals will be re¬
ceived until 11:30
Racine, Racine County, Wis.—Bond Sale.—On Jan. 18
$50,000 4% street-improvement bonds wore awarded to the
First National Bank of Chicago at 100.73.
Following are
the bids:
First Nat. Bank, Chicago
B. 'Leach'& Co., Chicago
’A.
$4,000 registered or coupon refunding bonds at not exceeding 4% interest.
Denomination $500.
Maturity $500 yearly on
Date Jan. I 1007.
,Jan. 1 from 1012 to 1010 inclusive.
Certilied check for $250 re¬
quired. Bonds are exempt from all taxes.
50,000 registered or coupon'building bonds.
Denomination $1,000. Date
Aug. Moor*.
Maturity $2,<>00 yearly on Aug. 1 from 1011 to 1035
inclusive.
Certilied cheek for $1,250 required.
(rate to be named in bids) semi-annually at
_
$50,305 j Mfrs.’ Nat. Bk., Racine
50,360 ! First Nat. Bank, Racine..
Date May 1 1906. Interest paya¬
City Treasurer’s office. Maturity $2,000 yearly on
May l from 1907 to 1916 and $3,000 yearly on May 1 from
1917 to 1926 inclusive.
Reading, Hamilton County, Ohio.—Bond Sate.—On Jan.
the
16 the $7,800 4% coupon street-improvement bonds maturing
in Oct. 1 1926 and described in V. 83, j). 1550, were awarded
NEW LOANS.
NEW LOANS.
lVVNA^^VVVVVVVVWVVVVVWVVV%.
yvVWWWWWWVSWVWVW
#468,000
#150.000
City of Baltimore, Md, ASBURY PARK, N. J., City of Montgomery,
4%
SEWERAGE STOCK
Baltimore, Md., January 24, 19U7.
Proposals will be received at the Mayor’s Office,
City Hail, Baltimore, until 12 o’clock noon.
THURSDAY, FEBRUARY 7, 1907, for the
purchase, In whole or in part, of $1,000,000 00
of the registered stock of the City of Baltimore,
redeemable on the lirst day of October in the
year 1080 and bearing interest at tlie rate of
3J2 per centum per annum, payable semi-annual¬
ly on the lirst day of April and October in each
and every year.
The interest will commence
October 1, 1006.
HVnils stock is issued in pursuance of an Act of
the General Assembly of Maryland passed at its
January session in the year 1004, Chapter 340,
and by virtue of Ordinance No. 227 of the Mayor
and City Council of Baltimore, approved March 20
1005, which provided for the “issuance of the
stock of the Mayor and City Council of Baltimore
lor a sum not exceeding $10,000,000 for the pur¬
pose of providing money for the projection, con¬
struction and establishment of a New Sewerage
System for the City of Baltimore,” which ordi¬
nance was ratilied by the legal voters of the City
of
Baltimore at the Municipal Election held
May 2, 1005.
The City does not tax any of its issues of stock
and takes the place of the holder of tills issue in
the payment of the annual State Tax thereon,
for which the holder is legally liable.
All bids must be made Hat, and no bids for
“all or none” will be received.
Proposals must be sealed and addressed to the
President of the Board of Commissioners of
Finance, City Hall, and marked “Proposals for
Baltimore City Stock.”
The right is reserved to reject any and all bids.
WILTON SNOWDEN,
President, Board of Commissioners
of Finance for Baltimore City.
J. SEWELL THOMAS,
4*fl%
Coupon Improvement Bonds
will be received by the City of
Asbury Park until January 28tli, 1907, at 2 o’clock
n. m.. for the purchase of $150,000 4% eoupon
Improvement Bonds of said City, of the denomi¬
Sealed proposals
of $1,000 each.
Bonds to run 40 years without option.
Dated October 1, 1906. maturing October
nation
1,
1946.
Interest payable April 1 and October 1 In New
York Exchange.
Bonds are authorized by Chapter 80 of the
Laws of 1906.
There has never been any default In the pay¬
ment of principal or interest of any bonds and
there Is no controversy or litigation pending or
validity of the bonds,
boundaries of the mu¬
the title of the present officers to
threatened concerning the
corporate existence,
the
nicipality, or
their respective offices.
True value (estimated) of all taxable property
In the municipality is $17,008,916.
Assessed valuation as revised $9,476,995.
The total bonded debt (INCLUDING THIS
ISSUE), $815,500.
Amount of bonds included in
works, $212,000.
In this and
Sinking Fund of 2% provided for
recent issues.
Value of property owned
cost)
$1 ,327,649 24.
Dated January 19, 1907.
BURROUGHS, City Clerk.
Detroit.
Adrian H. Muller & Son
MUNICIPAL
STOCKS and BONDS
York.
City reserves right to reject any and all bids.
bard, of New*
W.
&
ERVIN
M.
TEAGUE, Mayor.
COMPANY,
BANKER8,
(New York Stock
Exchange,
jeemnerejp^^eiphia Stock Exchange.
FOR
43
INVESTMENT.
Exchange Place,
Drexel Building,
Philadelphia.
No.
66
WILLIAM
MTBEET
Corner Pino Street.
BONDS.
MUNICIPAL
AMD
CORPORATION
BONDS.
181 La Salle Street,
Chicago.
\
MUNICIPAL AND RAILROAD
INVESTMENT BONDS
BONDS.
UST ON APPLICATION.
request.
Farnsworth, SEAB0NG00D & MAYER
CLEVELAND and PHILADELPHIA
Donald,McCoy & Go.,
,
Office
CORPORATION
BOSTON
Mao
EYEBY WEDNESDAY.
AND
years.
All proposals must be accompanied by a certllled cheek In the amount of 2 per cent of the
sum of the bid, payable to 1-t. S. Williams, City
Bids will be opened by the Mayor
Treasurer.
at noon on the 11th day of February, 1907.
No
bid will be considered for less than par and ac¬
Interest.
Validity of bonds has been
crued
favorably passed on by Messrs. Dillon & Hub¬
New York.
AUCTIONEERS.
Philadelphia.
Denison &
February,
refunding
Clerk.
H. W. NOBLE & COMPANY,
Lists upon
of the city of Mont¬
bonds, with accrued Interest, dated January
1st, 1907.
Bonds are of $1,000 denomination and bear
4U per cent Interest, payable semi-annually In
New York City, N. Y., and will mature In thirty
BONDS
OF
PUBLIC 8ERVICE
received by the City
gomery, Alabama, until the 11th day of
1907, for the purchase of $468,000
by municipality (at
Regular Weekly Sales
New York.
Refunding Bonds
Sealed proposals will be
Treasurer, R. S. Williams,
,
C.
Ala,,
the above for
water
W.
$50,100
50,125
Denomination $1,000.
Village Treasurer’s office. Certified checks to be made paya¬
Village Treasurer.
#1,000,000
_
ble at the
ble to the
NEW LOANS.
Birnie, City Treas¬
will mature Oct. 1 1907.
Oneonta, Otsego County, N. Y.—Bond Offering.—Pro¬
posals will be received until 8 p. in. Feb. 5 by Henry I).
McLaury, Village Clerk, for the following bonds:
Interest
Jan. 29 by David
a. m.
for the discount of a temporary loan of $150,000 in an¬
ticipation of taxes. Notes will be dated day of sale and
urer,
,
Hereintile Library Building,
<pmeraNATi.
Blodget, Merritt & Co
,
BANKERS,
16 Congress Street,
36 NASSAU STREET,
Boston.
HEW YORK..
STATE, cm a RAILROAD BONUS.
236
THE CHRONICLE
Kuhn & Sons of Cincinnati at 102.8(3 and interest—
basis of about 3.793%.
Following are the bids:
to S.
a
S. Kuhn & Sons, Clncin
$8,023 08 i Reading Bank, Reading
$7,802
Season good & Mayer, Cine. 8,008 30 | R. Kleybolte & Co., Clncin 7,800
West. Germ. Bk., Clncin... 7,025 50|Prov. Sav. Bk. & Tr., Cine 7,860
Brighton-German Bk. Co.,
j VV. R. Todd &Co., Cine
7,820
Cincinnati
7,900 75 |
64
06
84
00
Reading, Pa.—Bond Bale.—Local papers state that- the
City Comptroller recently delivered to contractors $29,500
bonds
as
$0,000
1.500
12,000
5.500
1.500
Sewer
Sewer
Sewer
Sewer
Sewer
follows:
District No. 3 V. bonds to David B. Peoples.
District No. 5 bonds to David B. Peoples.
District No. 6 bonds to David B. Peoples.
District No. 11 bonds to David B. Peoples.
District bonds to Hawman Construction Co.
Redlands, Cal.—Bond Sale.—On Jan. 16 the $50,000 5%
1-20-year (serial) gold funding bonds described in V. 84, p.
62, were awarded to the American Savings Bank of Los An¬
geles at 108.022 and accrued interest—a basis of about
4.05^%. The following bids were received:
Amer.
N. W.
N. VV.
E. II.
Savs. Bank, Los Ang_$54,011 j Los Angeles Tr. Co., Los Ang $53,110
Harris & Co., Chicago. 53,728 I Adams-Phillips Co., Los
Ang 53,065
1 lalsey & Co., Los Ang 53,535 j W. R. StaatsCo., Pasadena. 53,008
Rollins & Sons, San Fr 53,535 | John Marble Co., Los Ang.. 52,425
St. Joseph County (P. O. South Bend), Ind.—Bond Sale
Mot Consummated.—The sale of the $100,000
3J^% bridge
bonds awarded last October to J. F. Wild & Co. of Indian¬
apolis and the $60,000 33^% asylum bonds awarded at the
time to Breed & Harrison of Cincinnati lias never been
consummated.
The bonds were held void for the reason
that action was taken on the issue by the
County Council
at their regular meetings held on Sept, 5 and 6
last, when they
had neglected to fill a vacancy in the Council occasioned
by
the death of one of its members.
The bonds were, there¬
same
fore, destroyed.
The $210,000 bridge and the $60,000
lum bonds awarded on Jan. 17 (V. 84, p. 175) were
under entirely new proceedings.
St. Mary’s, Auglaize County, Ohio.—Bond
asy¬
issued
Offering.—
Proposals will be received until 12 m. Feb. 2 by F. F. Aschbacher, City Auditor, for $50,000 4% sewage-disposal-plant
bonds.
Authority Sections 2835, 2836 and 2837 of the Re¬
vised Statutes.
Denomination $1,000.
Date Dec. 1 1906.
Interest semi-annual.
Maturity thirty years. Certified
check for 10% of the bonds bid for, payable to the City Treas¬
urer,
is required.
Purchaser to
pay
accrued interest.
Stockton, Hunterdon County, N. J.—Bond[Sale.—An issue
$7,000 5% improvement bonds has been disposed of to the
Lambertville National Bank.
Sugar Notch (Borough), Luzerne County, Pa —Bond Sale.
Jan. 7 the $8,500 5% lOJ^-year
(average) coupon
judgment-funding bonds described in V. 84, p. 63, were
awarded to S. A. Kean of Chicago at 101.10—a basis of about
4.912%.
Sutton, Braxton County, W. Va.—Bond Offering.—Pro¬
posals will be received until 6 p. m. Feb. 1 by W. L. Arm¬
strong, Town Recorder, for $18,000 5% coupon bonds.
Securities are dated Jan. 1 1907.
Interest annually at the
Seaboard National Bank in New York City.
Maturity
thirty years, subject to call after ten years. This offering
was inadvertently reported under the head of
Sutton, Va.,
—On
in last week’s “Chronicle.”
Trenton, N. J.—Bond Offering.—Proposals will be re¬
a. m., Jan. 29, by W. J.. B.
Stokes, City
ceived until 11
Treasurer, for the following bonds:
$300,000 4% 30-year registered city-hall bonds dated March 1 1907.
100,000 4% 30-year registered water bonds dated June 1 1906.
Interest
from June l 1906 to Dec.
1
1906 canceled.
63,000 4% 10-year registered sewer-certllicate-fundlng-assessment b<5nds
dated Feb. 1 1907.
Denomination $100 or multiple.
Interest semi-annual.
Certified check on a national bank for 5% of each issue bid
0650,000
SI00,000
#41,000
CITY, N. J. Town of Greenwich, ConD., Town of Hartsville, So. Oar,,
MUNICIPAL
HOSPITAL
BONDS,
dated SEPTEMBER 1.
1906, maturing SEP¬
TEMBER 1. 1936, with Interest at the rate of
four per centum (4%) per annum.
.vyAll of these bonds arc without option, and free
from tax.
Principal and interest are payable at
the
HANOVER
NATIONAL
BANK,
NEW
YORK CITY.
I’^/These bonds will be approved as to legality by
Dillon & Hubbard of New York, whose certificate
as to legality will
accompany the bonds when
delivered,
without
charge to the purchaser.
THE BONDS WILL BE ENGRAVED UNDER
THE SUPERVISION OF AND CERTIFIED
TO
TO
THEIR
AS
GENUINENESS
BY
THE
COLUMBIA
TRUST
COMPANY
OF
NEW YORK.
tyfcBIds will be received until 12 O’CLOCK M..
SATURDAY. FEBRUARY 9, 1907.
The City
of Atlantic City reserves the right to reject any
or all bids.
Bonds will be delivered to the pur¬
chaser on or about March 1, 1907.
Every bid
must be accompanied by a certified check or
cash as follows:
For the $300,000 Water Bonds
$5,000
For the $175,000 Paving Bonds
3,000
For the $75,000 Paving Bonds
i
1,500
For the
$70,000 Paving Bonds
1,500
For the
$30,000 Hospital Bonds
1,000
High School 4% Bonds.
6% Coupon Bonds.
Sealed proposals will be received at The Green¬
wich Trust, Loan & Deposit Company, In said
Greenwich, until 12 o’clock noon, FEBRUARY
15TH, 1907, for the purchase of $100,000 4%
coupon
bonds,
denomination
$500,
payable
Sealed proposals will be received by the Board
of Commissioners of Public Works of the Town of
Hartsville, S. C. until 12 o'clock noon. FEB¬
RUARY 1ST 1907, for the purchase of FortyOne Thousand Dollars ($41,000 00) five per cent
coupon bonds, to be dated January 1st, 1907,and
payable forty years after date, with the privilege
of redemption twenty years after date.
Interest
payable January 1st and July 1st of each year at
Bank of Hartsville, Hartsville, S. C.
The pur¬
pose of this Issue of bonds Is to meet the cost of
constructing a system of water works and plant
for sewerage and lighting
purposes, for the use
and benefit of the said town.
The Town of Hartsville has no present bonded
or other Indebtedness.
Certified check for $1,000 00, payable to the order of J. J.
Lawton,
Chairman, to accompany all bids, and to be for¬
feited In case of failure of purchaser to
comply
with his bid.
No bids for less than par and ac¬
crued Interest will be considered.
Right reserved
to reject any or all bids.
Address all bids to the
Board of Commissioners of Public Works, Harts¬
ville, S. C., and endorse plainly on the envelope
the words. "Bid for Bonds.”
For further Information apply
to the Chairman.
J. J. LAWTON
Chairman.
F. A. MILLER, Secretary.
July 1st, 1935, Interest payable January 1st and
July 1st In each year, issued by the Town of
Greenwich, pursuant to a Special Act of the
General Assembly of the State of Connecticut.
Bids will be received for all or any part of the
lot not less than $10,000 in amount.
A certified check, if bid is for entire lot, of
$1,000: If bid Is for less than entire lot, of 1 % of
principal of bonds bid for. payable to the order
of the Treasurer of the Town of Greenwich, to
accompany all bids, and to be forfeited in case
of failure of purchaser to comply with his bid.
Purchasers to pay In addition to bid accrued
Interest.
Bonds
to be paid for and delivered at said
on February 25th, 1907.
The right Is reserved to reject any and all bids.
Address all bids to The Greenwich Trust, Loan
& Deposit Company, and endorse plainly on the
envelope the words, "Bid for High School Bonds."
Further information given by said Company
upon application.
Dated Greenwich, Connecticut, January 15th,
1907.
SILAS D. RITCH,
lSeleetmenof
J. ALBERT LOCKWOOD,
Town of
CHARLES F. ADAMS.
J Greenwich.
Company
[the
R
Perry, Coffin & Burr,
A clrcular'letter with full particulars and blank
form of proposal will be mailed to prospective
bidder ..on application to
A. M. HESTON,
*
Com ptroller.
1
:
?
60 State
Eisele &
King,
BANKERS,
Mem bens of New York and FTMTedelptHa
Stock Exchange a.
Private Wires to
N.Y. and Philadelphia.
757-T50 Broad St.
NEWARK.
Street,
BOSTON.
DAY
A
Financial
Or
a
&
CO.,
BANKERS,
35
Cougress Street,
3 Nassau Street,
BOSTON.
NEW YORK.
New York
EXEMPT FBOIU
AND
-—7!
Specialist* in New Jersey Securities.
L.
INVESTMENT BONDS
$12,000
of
NEW LOANS.
The City of ATLANTIC CITY will receive
sealed proposals lor
$300,000 WATER BONDS,
dated JULY 1, 1906, maturing JULY 1, 1941,
bearing Interest at the rate of four and one-half
per centum (4>i%) per annum.
$175,000 PAVING BONDS,
dated JANUARY 1. 1907, maturing JANUARY
1, 1927, with Interest at the rate of four and onehalf per centum (4t<%) per annum.
$75,000 PAVING BONDS,
dated JANUARY 1, 1907. maturing JANUARY
1. 1927, with Interest at the rate of four and onehalf per centum (4}^%) per annum.
$70,000 PAVING BONDS,
dated June 1. 1905, maturing JUNE 1. 1925,
with interest at the rate of four per centum (4%)
per annum.
:
Salina, Kansas.—Bond Sale.—This city recently awarded
private sale to Hoehler & Cummings of Toledo^ $11,500
South Santa Fe Avenue assessment, $8,000
sewer’and„$7,800
sewer 5%
coupon bonds.
Securities are dated Jan. 1 1907.
Interest semi-annually at the fiscal agency of the State of
Kansas in New York City.
Maturity one-tenth yearly.
Spring Lake, Mich.—Bond Sale.—We are advised that the
$15,000 4J^% coupon water-works bonds offered but not
sold on. May 2 1906 (V. 82, p. 118) were
subsequently
awarded to H. W. Noble & Co. of Detroit at
par and accrued
interest, less cost of preparing bonds. Denomination $500.
Date March 8 1906.
Interest semi-annual.
Maturity $500
yearly on March 8 from 1908 to 1917 inclusive and $1,000
yearly on March 8 from 1918 to 1927 inclusive.
at
NEW LOANS.
BONDS
5
LXXX1V,
NEW LOANS.
ATLANTIC
.*$30,000
[VOL.
•
Oity Bonds
STATE, COUNTY
CITY
TAXES
Courtship Albert Kleybolte & Co.,
409
Walnut Street,
CINCINNATI, O.
Plea for Conservative
Investments
Municipal,
County,
State,
(By Prank W. ReBus)
Tire above book will be furnished
without eosrt an application feo
E. EL R0LLLNS & SONS, 201 Milk
Boston.
and
High-Grade
Public
Securities
Correspondence Solicited
Service
JAN 26
1907.]
THE CHRONICLE.
for, payable to the City Treasurer, is
made separately for each issue.
required.
Bids to be
paving bonds, to be delivered to the McCarthy Improvement
Co. in payment for work done, has been passed by the
Council.
Denomination $500.
Interest May 1 and Nov. 1.
Maturity part due each six months from May 1 1908 to
Trimble, Dyer County, Tenn.—Bond, Offering.—Proposals
Feb. 15 by T. A. Pierce, Town
Recorder, for the $6,000 6% coupon school-building bonds
voted on Dec. 18 1906.
Denomination $500. Date May 1
1907.
Interest semi-annually at the Trimble Banking fco.
in Trimble.
Maturity on May 1 as follows: $1,000 in 1912,
$1,500 in 1917, $1,500 in 1922 and $2,000 in 1927.
Bonds
are exempt from towTn taxes.
Certified check on a national
or State bank for 5% of the amount bid, payable to the Town
Treasurer, is required. The town has no bonded debt at
present. Assessed valuation for 1906 $107,000.
Turlock Union High School District, Stanislaus County,
Cal.—Bond Sale.—On Jan. 16 $25,500 5% high-school bonds
will be received until 6 p. m.
were
Nov. 1 1912 inclusive.
White Plains, N. Y.—Bond Offering.—Proposals will be
received until 8 p. m., *Feb. 11, by the Board of Trustees,
John J. Brown, President, for $85,000 4% water bonds.
Authority, Chapter 769, Laws of 1896. Denomination
$1,000. Interest semi-annual. Maturity 30 years. Cer¬
tified check for
Winnipeg, Man.—Debenture Offering.—Proposals will be
m. March 1 by the Board of Control at the
office of D. S. Curry, City Comptroller, for the following
received until 12
debentures:
Denomina¬
tional ,700. Date Jan. 16 1907. Interest annual. Matur¬
ity $1,700 yearly from Jan. 161913 to Jan. 16 1927 inclusive.
These securities take the place of the $22,000 6% bonds
awarded on Sept. 11 1906 to II. S. Crane of Turlock.
We are
$118,17 1 07 4°;, debentures
57.305 93 4% debentures
90.330 02 4% debentures
318,218 04 4% debentures
920,417 59 4?o debentures
90,000 00 4% debentures
informed that the first issue was declared illegal, owing to
the fact that they were made to mature serially for forty
years, whereas 20 years is the limit.
semi-annually in London, Eng., New York, Mont¬
or Winnipeg, at option of holder.
Purchaser
to pay accrued interest.
The official notice of this bond offering will be foundjnnong
the advertisements elsewhere in this Department.
Wrightsville, Johnson County, Ga.—Bond Sale.—1This
place has awarded to John II. Carter of Blue Ridge £ at
101.625 xand accrued interest, the $10,000 5% 20-year cou¬
pon electric-light bonds dated Dec. 1 1906 and offered on
Jan. 2.
We are not advised as to whether any disposition
has yet been made of
the $25,000 5% coupon water¬
works bonds
offered on the same day.
See V.^83, p.
1552, for description of these securities.
** *y,
.Yonkers, N. Y.—Bond Offering.—Proposals will be re¬
ceived until 11 a. m. Jan. 30 by John H. Coyne, Mayor,’for
$100,000 5% redemption bonds. Authority Section> 13,
Title V, of the City Charter.
Interest semi-annual. Ma¬
turity Feb. 1 1909.
i
i
MISCELLANEOUS.
LOANS
OF WINNIPEG
DEBENTURES
SEALED TENDERS addressed to the Board
of Control, and marked “Tender for Debentures,”
will be received at the office of the City Comp¬
troller, City Hall. Winnipeg, Manitoba, up to
noon on FRIDAY, the 1ST MARCH next, for
purchase of $1,594,506 55.
City of Winnipeg debentures having an aver¬
age term of about 22 y2 years and bearing Interest
at the rate of FOUR PER CENT per annum,
payable half-yearly In London. England; New
York. Montreal, Toronto or Winnipeg, at the
holders’ option.
Principal payable in Winnipeg
In gold or its equivalent.
run
7 years from 1st May, 1906.
$118,174 97
the
57.365
90,330
318,218
9 20,417
90,000
93
02
04
59
00
10
15
20
30
30
OF
OFFICE
THE
ATLANTIC MUTUAL INSURANCE COMPANY.
New York, January 22d,
7’
:r
the 31st of
on
Premiums
Premiums
Total
on
on
December, 1906.
Marine Risks from 1st January, 1006, to 31st December, 1906
Policies not marked off 1st January, 1906..
Marine Premiums.
$3,772,433 65
1906, to 31st December, 1906.
$356,457 98
125,501 85
$481,950 83
_
.
Losses paid during the year which were estimated
and previous years
Losses occurred, estimated and paid lri 1906
.
.
_
.
.
.
.
Salvages...
Reinsurances
$309,817 14
.1,009,224 32 $1,319,041 46
...
r $107,176 57
.
150,190 74
.
on
D. S. CURRY,
Clty.Comptroller.
Winnipeg, 18th Jan., 1907.
application.
Atlantlo Mutual Insurance Company Scrip
of All Years Bought and Sold.
Returns of Premiums.
.
.....
.....
$62,411 11
...
Expenses, Including officers’ salaries and clerks’ compensation, sta¬
tionery. newspapers, advertisements, etc..
$344,098 27
The Company has the following Assets, viz.:
United States and .State of New York Stock, City, Bank and other Securities.
Special deposits in Banks and Trust Companies...
Real Estate corner Wall and William Sts., and Exchange Place.. ..$4,299,000 00
Other Real Estate and claims due the Company
75.0(H) 00
...
.
JOHN
M. GILLESPIE,
Boom No. 518 Atlantic Building,
Premium notes and Bills Receivable
Cash in
hands of European Bankers to pay
countries
Gash In bank.
_
.
.
.
.
.
49*51 Wall Street,
257,367 31
$1,061,674 15
livery and make payment in Winnipeg.
be furnished
.
.
.
.
..
...
.
.
...
....
..
.
_
.
.
.
..
...
.
.
.
.
.
.....
.
.
MISSOURI MUNICIPAL BONDS—
School, City, County and Drainage
Our list gives a wide selection£of
many attractive issues in sizes- of
brokerage
our
•-
offerings attractive
Send for latest circular
'<•.
New York, Chicago, St. Louis';and
Kansas City references'^ *
WILLIAM R. COMPTON, President.
4 Wardell Building
} •*
£3
271.142 54
562,631 63
By order of
G.
the Board,
FLOYD-JONES. Secretary.
STANTON
TR USTEES.
Close buying, large volume and small
profit make
4,374,000 00
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 Tuesday the Fifth of February next.
The outstanding certificates of the Issue of. 190! will be redeemed and paid to the holders thereof,
or their legal representatives, on and after Tuesday the- fifth of February next, from which date
all interest thereon will cease.
The certificates to be produced at the time of payment, and canceled
A dividend of Forty per cent is declared on the net earned premiums of the Company for the
year ending 31st December, 19i>6, for which, upon application, certificates will be Issued on and
after Tuesday the seventh of May next.
$2,000 to $100,000.
Opinion Chicago- counsel, full legal
papers furnished
We buy direct and handle nothing
on
700,966 67
$12,797,823 72
Aggregating
MACON. MISSOURI.
(Established In 1889)
$5,697,108 00
1,191,974 88
.
losses under policies payable In foreign
_
NEW YORK.
William R. Compton
Bond & Mortgage Co.
$3,081,714 32
in 1905
Less
Tenders may be for the whole or part; no ten¬
der necessarily accepted.
Purchaser to pay ac¬
crued Interest on current coupons and take de¬
$3,190,241 67
582,191 98
:...
Premiums marked off from 1st January,
Interest received during the year
$1.594,506 55
Further Information desired will
1907.
Trustees, in conformity with the Charter of the Company, submit the following statement of Us affairs
Rent, less Taxes and Expenses.
17th Jan.
fifteen years from May 1 1906.
twenty years front May 1 1906.
thirty years from May 1 1906.
thirty years from Jan. 17 1906.
to run
to run
to run
to run
real, Toronto
^1,994,506 55
CITY
to run seven years from May 1 1900.
to run ten years from May 1 1906.
Interest
Vigo County (P. O. Terre Haute), Ind.—Bond Offering.—
Proposalswill be received until 2 p. m. March 5 by Jerome
W. Denehie, County Auditor, for $34,778 50 4}•>% bridgerepair bonds. Denomination $1,000, except one bond for
Date March 15 1907.
$778 50.
Interest Jan. 1 and July 1
at the office of A. B. Leach & Co. in New York City.
Ma¬
turity $1,000 each six months from Jan. 1 1908 to July 1
1924 inclusive and $778 50 Jan. 1 1925.
^■ Virginia Beach, Princess Anne County, Va.—Bond Offer¬
ing.—Proposals will be received until 12 m. to-day (Jan. 26)
by B.'P. Holland, Mayor, for $20,000 6% 30-year water
bonds.
Denomination $1,000.
Date Feb. 1 1907. In¬
terest semi-annual.
Certified check for 3% of the amount
bid required.
tv Waterloo, Biackhawk County, Iowa .—Bond Sale.—An
ordinance providing for the issuance of $12,500 6% street-
NEW
5% of bid, drawn on a State bank or national
required. Peter Paulding is Village
company,
Treasurer.
A bid of $25,610
wasmlso received from II. S. Crane of Turlock.
trust
or
awarded to the Win, R. Staats Co. of Pasadena for
$20,517, the price thus being 103.98S.
237
GUSTAV AMS! NCR,
FRANCIS \1. BACON,
JOHN N. BEACH.
WILLIAM B. BOULTON,
VERNON If. BROWN.
WALDRON P. BROWN,
JOSEPH If. CHAPMAN,
GEORGE C. CLARK.
CLEVELAND H. DODGE,
CORNELIUS ELDERT,
RICHARD H. EWART,
HERBERT L. GRIGGS.
CLEMENT A. GTtlSCOM,
ANSON W. HARD,
MORRIS K. JESUP,
LEWIS CASS LEDYARD,
FRANCIS H. LEGGETT.
CHARLES 1). LEVERICH,
LEAN DIOR N. LOVELL,
GEORGE FT. MACY.
CHARLES II. .MARSHALL,
MOO RIO.
NICHOLAS F. PALMER.
HENRY PARISH.
DALLAS 13. PRATT.
GEORGE W. QUINYARD,
A. A. RAVEN.
JOHN L. HIKER.
W. II. TI.
DOUGLAS ROBINSON.
GUSTAV H. SCTIW \H.
WILLIAM A. STREET.
V. A. RAVEN. President.
CORNELIUS ELDERT. Vice President.
JAMES L. LIVINGSTON. nd
Pr, sltittnt.
SANFORD E. COBB. 3d Vice President.
CHARLES E. FAY, Uh Vice-President.
-
\
238
[VOL. LXXXIV.
THE CHRONICLE
ffitranxiat.
55TmatuciaI.
THE NEW YORK TRDST COMPANY
CASurplu8D $ I 1,000,000
BROAD STREET
26
OTTO T.
WILLARD V. KINO, >
▲LEX. 8. WEBB
JR.,*
andTRUST COMPANY
Surplus and Profits, $10,941,994.
Capital, $3,000,000.
BAMAKO, President.
HERBERT W. MORSE, xet Aost.
MORTIMER N. BUCKNER, Treasurer.
ARTHUR 8. QIBB8, ad Asst.
Secretary
Secretary.
TRUSTEES.
Otto T. Bannard,
8. Reading- Bertron,
James A. Blair,
Robert W. deForest
John B. Dennis,
Elbert H.
Gary,
Joseph P. Grace,
Gordon Macdonald,
B. Aymar Bands,
John J. Mitchell,
Joseph J. Slocum,
[amts Farmelee,
John W. Sterling,
Gewkge W. Perkina,
James StiUrrvan,
Ernst Thmlm-onu,
John S. Phipps,
tsf. Paranalee Prentice,
Myles Tierney.
Edmund D. Randolph
P. A. Valentine,
Chas. W. Harkness,
James N. Hill,
F. N. Hoffstot,
Arthur Curtiss J ames,
Frederic B. Jennings,
Walter Jennings,
Chauncey Keep,
Woodbury Langdcs,
176 Broadway, New York.
175 Remsen Street, Brooklyn.
198 Montague
Street, Brooklyn Banking Dept.
Examines £ guarantees
FREDERICK J. HORNE, Secretary.
vlce_Pr„id.nt8
Title guarantee
Norman B. Ream,
Loans
Money
Furnishes
Beal Estate Titles,
Bond and Mortgage.
on
Mortgages to Investors.
Receives Deposits subject to
Interest.
Does all Trust
check, allowing
Company Business.
FINANCE COMMITTEE.
In Charge of
Banking Interests.
EDWARD T. BEDFORD.
CLARENCE H. KELSEY.
EDGAR L. MAR8TON.
WILLI AU H. NICHOLS.
JAMES H. OLIPHANT.
CHARLES A. PEABOOY.
JACOB H. BCHQLFF.
JAMES SPEYER.
EDWARD O. STANLEY.
CLARENCE H. KELSEY PraeMent.
FRANK BAILEY, Vk»-Pro<t4Mt.
BDWARD O. STANLEY Second Vtee-Pre«ldMt.
Manager Banking Department.
CLINTON D. BURDICK. Third Via*-Provident,
J. WRAY CLEVELAND, Stcrotary.
ARTHUR TERRY. TfMiuro.
FRANK
NASSAU
15
Capital $3,000,000
Surplus $10,000,000
ALVIN
W.
KRECH,
LAWRENCE L. GILLESPIE, Vice-President.
LYMAN RHOADES JR., Assistant Secretary.
SNIPFEN,
L.
Manager
Department.
STREET
REPUBLIC OF CUBA
President.
FREDERICK
M.
HUGH
W.
FULLE,
WALKER,
Sec.
Assistant
and
Brooklyn Banket
Trcas
5% Internal Bonds
Treasurer.
Payable In U. S. Gold Cole
TRUSTEES.
C.
F.
Adams 2d
John
C
B.
Alexander
Frederick
W.
Lawrence
L.
M.
H.
Alexander
F.
Dryden
Fulle
b.
H.
F.
T.
H. Hubbard
R. Coudcrt
W.
T.
D.
H.
Cravath
Crocker
Otto
Harriman
H.
Alvin
A.
Day
Henry C. Deming
L.
F.
D.
H.
M.
Paul
Hartley Dodge
J.
PER ANNUM
Porter
Redmond
Henry Smith
r. W. STEPHENS &
CO.,
V. P. Snyder
2 Wall
Gage E. Tarbell
Krech
Sir William C.
Force
H.
Moffat
M.
Van Horne
Walker
T.
George
Morton
Ralph
Pierce
Lyman Rhoades Jr.
Kahn
W.
H.
S.
Henry S.
Bradish Johnson
DeW'itt Cuyler
William
H.
Gillespie
Hugo Baring
Paul
Winslow
YIELDING OVER 5%
Henry
Wilson
Rogers
Street, Now lork. '
BALTIMORE
CHICAGO
Continental Building.
1st Nat. Bank Bldf,
Winthrop
Peters
8.. A. Lancaster & Sons
BANKERS,
Jones, Caesar, Dickinson, Wilmot & Co.
Certified
NO
10 WALL STREET.
NEW
YORK*
DEALERS LN
INVESTMENT and MISCELLANEOUS
Public Accountants.
SECURITIES.
Snilbern Recoiitles
a
(nilnolf)
NEW
YORK
54 William St.
CHICAGO
Tribune Bldg.
PITTSBURGH
MEXICO, D. F.
BEADLE & MAXWELL
ST. LOUIS
Stock Exchange Bldg.
FRANCISCO
Monadnock Bldg.
SAN
LONDON
MELBOURNE
[englandI
People’s Bldg.
Apartado, 3029
3 Fredericks
[AUSTRALIA]
Place, E.C.
9
The
North Africa and
Bank?
Australia.
The most
flexible medium of
exchange in use. AU
charges you make to the public are your
oum profit.
FOR
NEW YORK
St.,
Examinations and Report!
HODENPYL, WALBRIDGE & CO.,
7 Wall
St., New York.
Railroad, Street Ry., Gaa & Elec. Light
SECURITIES.
absolutely Free of Charge. Orders can be
issued payable at any point in the United
States, Canada, Mexico, Cuba, Europe, Asia,
Money Order
WRITE
82 Beaver
standard, uniform Money Order of the
Bankers’ Money Order Association is now a
familiar feature of American banking. This
is the only system at the service of banks
a
Ga9 and Electric
ENGINEERS
Queen Street
ONE PIECE OF PAPER GOOD THE WORLD OVER
Are You
IF
your client wants a
SPECULATION, with all
sureness
of
a
bond
PARTICULARS TO THE
BANKERS’ MONEY ORDER
Batik ml Dlaeaaat Bstlllof.
A880CIATI0Nf
313-315 West 50th Street* New York
American
CO.,
52 Exchange Place. New York.
Ex-Nokton, Mem. NY. Stock Ex. Gbo.F. Norton
INVESTMENT
SECURITIES
VICKERS
St
PHELPS.
good
the
investment,you
cannot do better than
recommend
Telegraphone Company’s
Treasury Stock.
EX. NORTON &
Specialty.
Write for illus¬
trated booklet No. G44.
29 Wall St., New York.
“GUARANTEED
STOCKS”
Descriptive List Sent On Application.
Sterling Debenture Corporation
56
WALL ST.
NEW YORK
xvn
THE CHRONICLE.
JAN. 26 1907.
^mst ©ompanies.
Mercantile Trust Co.
50
St. Louis. Mo
Member
Clearing House Association
St. Louis
Capital and Surplus, $9,500,000
WM. MAFFITT,
FESTUS J. WADE,
Treasurer
Commenced businers Nov. 16, 1899
President.
BUNKER HILL BRANCH:
TRUST CO.
BOSTON, MASS.
Capital & Surplus,
Stock '
legal Depositary for Court Funds, and author¬
ized to act as Executor. Guardian. Ad¬
ministrator
and
Trustee.
1902
$11,984,523 33
Nov.16,1903 811,861,679 92
Henry C. Jackson,
George E. Keith,
F. Lothrop Ames,
Gardiner M. Lane.
Arthur Lyman,
Maxwell Norman,
Robert T. Paine 2d,
Andrew W. Preston.
Richard S. Russell.
Howard Stockton.
Charles A. Stone,
Jr.,
Livingston Cushing.
George A. Draper.
William F. Draper.
16,1904 816,664,820 43
President.
Charles F. Adams 2d.
Orlando H. Alford,
John S. Bartlett,
T. JelTerson Coolidge
Charles E. Cottlng.
Alvah Crocker,
P
Gordon Abbott,
Oliver Ames,
C. W. Aiuory,
Charles F. Ayer,
Samuel Carr,
B. P. Cheney,
T. Jefferson Coolidge,
Charles E. Cutting,
Wllmot R. Evans.
Quincy A. Shaw Jr.,
Nathaniel Thayer,
Frederick P. Fish.
Robert F. Herrick.
Henry O. Underwood,
W. Seward Webb.
Francis L. Hlgglnson,
Sidney W. Winslow.
$17,194,262 79
of Good Service is Constant Growth
AMERICAN LOAN &
TRUST COMPANY,
Trust
Hobart Ames,
Edwin F. Atkins,
Frederick Ayer,
Charles S. Bird,
A. G. Bullock,
Samuel Carr,
Gilmer Clapp,
Gordon Dexter,
William R. Driver,
F. C. Dumaine,
Company
BOSTON
$1,000,000
$1,500,000 Transacts
MASS
Capital « w - ,
Surplus (Earned)
John Lawrence,
John S. Lawrence.
Lester Leland,
S. E. Peabody,
Francis Peabody Jr.,
Frank W. Stearns,
Eugene V. R. Thayer.
T. JEFFERSON COOLIDGE Jr., President.
CHARLES L. BUR RILL, VIce-Prest. & Treas.
J. H. PERKINS, Vice-President.
C. H. BOWEN, Secretary.
E. A. COFFIN. Asst. Treasurer.
G,
W.
AURYANSEN, Asst.
Sec.
CHARLES G. DAWES. President.
W. IRVING OSBORNE, V Ice-PresidenL
A. UHRLAUB. Vice-President.
BANKING,
SAVINGS AND TRUST
DEPARTMENTS.
TheTrust Company of
North America
503-505-507 Chestnut St.,
FOURTH & PINE STS.,
CAPITAL, SURPLUS
Philadelphia.
BOSTON, MASS.
$1,000,000
2,000,000
Authorized to act as executor and to receive and
hold money or property in trust or on deposit from
Courts of Law or Equity, Executors. Administrators.
Assignees.
Guardians, Trustees,
Corporations and
Individuals.
Also acts as Trustee under Mortgages and as Transfer
Agent and Registrar of Stocks and Bonds.
Interest Allowed on Deposits Subject to Check.
OFFICERS.
DAVID R. WHITNEY. President.
CHARLES H. DALTON, Vice-President
CHARLES F CHOATE. Vice-President.
FRANKLIN HAVEN, Vice-President.
JAMES R. HOOPER. Actuary.
HENRY N. MARK, Secretar- .
FRED K W. ALLEN. Asst .Sec ATreas
THOMAS E. EATON, Asst. Treasurer
FRANCIS R. JEWETT. Trust Offloer
•
William Endlcott, Chairman.
Frederick P- Fish,
Walter C- Baylies,
Morris Gray,
Alfred Bowdltcb,
Franklin Haven,
Charles F. Choate,
James
Hooper.
Alexander Cochrane,
James M. Prendergast,
Edmund D Cod man,
George S. Silsbee,
T. Jefferson Coolidge,
Lawrence M. Stockton,
Charles H. Dalton.
Nathaniel Thayer.
George Dexter.
William Farnsworth,
and
ST. LOUIS
Wo
Wigglesworth,
David R. Whitney.
Maryland Trust Co*
BALTIMORE.
rnn non
PROFITSr*i>0U{J>UW-
niPRCTOPS
D. R. Francis
John I. Beggs
Wilbur F. Boyle August Gehner
S.
E Hoffman
James E. Brock
Murray Carleton Ch&s. H. Huttlg
Brecktn’ge Jones
Charles Clark
Horatio N. Davis Nelson W.McLeod
Saunders Nor veil
John D. Davis
George
Philip Dexter.
GENERAL
FINANCIAL AND FIDUCIARY
BUSINESS TRANSACTED
Aug* B. Ewing
WILLIAM R. DAWES. Cashier.
L. D. SKINNER, Asst. Cashier.
MALCOLM McDOWELL, Asst Secretary.
Stephen M. Weld,
The NEW ENGLAND
TRUST COMPANY,
•
2,000,000
MISSISSIPPI VALLEY
TRUST CO.
A
$2,000,000
500,000
Capital,
Surplus,
$1,000,000
CHARLES E. ROGERSON, President.
JAMES LONGLEY, Vice-President.
WILLIAM C. WILLIAMS, Vice-Prea’t.
G. E. GOODSPEED, Treasurer.
W. L. WHITNEY, Asst. Treasurer.
HENRY A. FENN, Sec.&Mgr.Safe D.D’t,
H. D. HEATHFIELD, Assistant Sec.
F. J. BURRAGE, Assistant Secretary.
Eugene N. Foss,
CHICAGO
Lucius Tuttle.
BOARD OF DIRECTORS
Royal Robbins,
Henry A. Reuter,
P. L. Saitonstall,
R. Paul Snelllng,
TRUST COMPANY
OF ILLINOIS,
George F. Fabyan,
Frederick P. Fish.
SURPLUS.
Banking Business.
CENTRAL
Eben S. Draper,
.
Robeit F. Herrick,.
Henry S. Howe.
Walter Hunnowell,
Thomas L. Livermore,
George v. L. Meyer,
Laurence Minot,
Richard Olney,
Nathaniel Thayer,
CAPITAL.
a
General Trust and
Banking and Trust
Company Business.
Interest allowed on Deposits Subject to Check.
Interest Allowed on Deposits Subject to Check
Trustee under Mortgages, Transfer Agent, and
Registrar.
Acts as Trustee under Railroad and other
BOARD OF DIRECTORS:
N. W. Jordan, Chairman.
j Mortgages and is authorized to act as Executor,
0. F. Adams 2d,
j Guardian, Administrator and Trustee.
Charles W. Whittier,
Rodolphe L. Agassiz,
William A. Gaston,
Elmer
P.
Howe,
F. Lothrop Ames,
Transacts a General
Philip Dexter,
AND
BOSTON. MASS.
CAPITAL SURPLUS (Earned) -
Safe Deposit
Boston
•
Chairman.
Reginald Foster,
George P. Gardner,
T. J EFFERSOX COOLIDGE Jr.,-.
16, 1906, $17,919,949 08
Nov.
CHECK.
TRUSTEE UNDER MORTGAG¬
AGENT.
ES.
TRANSFER
REGISTRAR.
BOARD OF DIRECTORS:
PHILIP STOCK TON,
$5,019,268 50
$7,000,000
-
BANKING
TRANSACTS A GENERAL
BUSINESS.
ALLOWS INTEREST ON
DAILY
BALANCES SUBJECT
TO
T>I RECTORS.
Nov. 16, 1901
Tbe Proof
on
Transfer of
and
$2,807,245 97
16,1905
Capital and Surplus,
a General Trust and
Banking Business-
A
Nov. 16, 1900
Nov.
$4,000,000
-
-
Transacts
$17,051 19
Nov.
MASS.
Deposits Subject to CheckActs as Trustee under Railroad and other Mort¬
gages; also as Agent for the Registering
Nov. 16, 1899
16,
BOSTON.
City Square. CHARLESTOWN. MASS.
Interest Allowed
DEPOSITS
Nov.
STREET.
STATE
COLONY
CO. OLD
TRUST
CITY
1
,
R. J. O’ReiUy.MD
H. Clay Pierce
J. Ramsey Jr.
James E. Smith
Robt.H. Stockton
Julius S. Walsh
Roll* Welle
CAPITAL,
$2,000,000
DIRECTORS
Joslah L. Blackwell,
Grier Hersh,
G. Clymer Brooke,
Ernest Hoen Jr.,
H. Carroll Brown,
George C. Jenkins,
John W\ Castles,
Joshua Leveling,
Joseph R. Foard,
B. Howell
Griswold Jr.,
Oscar G. Murray,
Henry F. Shoemaker,
A. Barton Hepburn,
James Speyer,
John T. Hill,
Douglas M. Wylie.
OFFICERS.
Wm D. Orthweln
OFFICERS
JULIUS S. WALSH, Chairman of the Board
BRECKINRIDGE JONES. President
JOHN D- DAVIS. Vice-President
SAMUEL E. HOFFMAN. Vice-President
JAMES E. BROCK. Secretary
HUGH R. LYLE, Asst. Secretary
HENRY C- IBDOTSON, Asst. Secretary
C. HUNT TURNER Jr.. Asst. Secretary
FREDERICK VIKRLING, Trust Officer
HENRY SEMPLE AMES,
Asst. Trust OUlcer
CHARLES M. POLK, Asst. Trust Officer
WILLIAM G. LACKEY, Bond Officer
WM. MoC. MARTIN, Asst. Bond Officer
TOM W. BENNETT, Real Estate Officer
C. W. MORATH. Safe Deposit Officer:
.President
Vice-President
L. S. ZIMMERMAN
Secretary
CARROLL VAN NESS
Treasurer
JERVIS SPENCER Jr...Asst. Treasure
IVAN SKINNER
Asst. Secretary
GRIER
HERSH
ALLAN McLANE
FOR SALE
$1,000,000
CAPITAL
ADAM A. STULL, President.
HENRY G. BRENGLE, 1st V ce-Pres. & Treasurer.
JOS. S. CLARK, 2d Vlee-PTee., Superv’g Trust Dept.
CHAS. P. LINEAWKAVER, Sec. & Asst. Trust Officer
DIRECTORS.
Henry O. Brengle,
J. Levering Jones,
James Crosby Brown, Malcolm Lloyd.
John Cadwalader,
John Mcllhenny.
E. W. Clark Jr..
Richard Wain Melre,
Eckley B. Coxe Jr.,
Clement B. Newbold,
Edwin 8. Dixon,
John W. Pepper.
Euseno L. Ellison,
W1 11am F. Read,
Joseph C. Fraley,
Frank Samuel.
Adam A. Stull.
Harry c. Francis,
Henry L. C.aw, Jr.,
Edward D. Toland,
Howard S. Graham,
Joseph It. Walnwrlght,
Samuel F. Houston.
Acts as
Executor,
William I). Wlnsor.
,
CHRONICLE BOUND VOLUMES
MILWAUKEE.
Capita1,
Surplus,
Transacts
--------a
$500,000
100,000
Second-hand Set
1884-1905
General Trust Co. Business
Buys and Sells
High Grade Investment Bonds.
OFFICERS.
FULLER. President,
i FRE DERICK HASTEN. V ice- Pro: Ident
P.
STICKNEY.
GARDNER
Treasurer.
Etc.
Trustee,
Registrar,
Becomes Surety. Complete Set of Safe Deposit [
Vaults Interest on Deposits-
Wisconsin Trust Co
Volumes contain only one
Quotation,
Railway and Street Railway
Supplement.
OLIVER C.
FRED
C. BEST
Secrctarv
R. L. SMITH, Ass'i Secretary
Commercial & Financial Chronicle,
Pine St., New York.
xym
THE CHRONICLE
l VOL. LXXX1V,
grtxst ©orapanies.
G uaranty Trust C ompany
OF NEW YORK
28 Nassau Street
33 Lombard St., E.C.
LONDON
NEW YORK
Union Trust
CompanyJ
OF NEW YORK
80
Broadway, New fork.
Branch: 425 Fifth Ave., ©or. 38th St.
CAPITAL,
$1,009,000 00
$7,900,065 $4
...
8UltPLUS,
...
AUTHORIZED TO ACT AS
Capital, $2,000,000
Surplus, $5,600,000
INTEREST PAID ON CHECK ACCOUNTS AND ON CERTIFICATES OF DEPOSIT.
List of Carefully Seleoted Securities for Investment Mailed
upon
Receiver
Trustee
or
AND IB
A LEGAL DEPOSITARY
Application
Allows Interest
on
FOR
HONEY.
Deposits.
Receives Securities for Safe
Keeping aif
Colleetlen of Income.
OFFICERS!
JOHN W.
CASTLES. President.
ALEXANDER J. HEMP HILL, Vioe-Prasldeat.£GKOHGE GARR. HENRY,Vice-President.
MAX MAV, Manager Foreign Department.
WM. C. EDWARDS, Treasurer.
E.C. HEBBARD, Secretary.
F. C. HARRIMAN, Assistant Treasurer.
R. C. NEWTON, Trust Offloer,
R. W. SPEIR, Manager Bond Deportment
ftMiues Travelers’ Letters of Credit and
Executor, Administrator, Guardian
TRUSTEES
Edward King,
R. T Wilson,
Charles U. Lel&nil,
H Van R. Kennedy
W Emlen Roosevelt,
J*s 1. Woodward,
Augustus W. Kelley,
N. Parker Shortrldge,
Harrison E. Gawtry,
Foreign Drafts.
James Henry Smith,
Charles H. Tweed,
James Speyer.
Robert W. uoelet,
William Woodward,
Alex Smith Cochran,
John V. B Thayer.
Amory 8. Car hart,
Walter P. Bliss
Frederick deP. Foster
Alexander Maitland.
EDWARD KING President,
AUGUSTUS W. KELLEY. Vice-President
J. V. B. THAYER, Vice Pre*t & Secretary.
EL R. MERRITT, 4th Vice-President
.
BANKERS TRUST
COMPANY
C C.
RAWLINGS, Trust Officer.
H. M. POPHAM,
i
T.W. HARTSHORNS,
H. M.MYRICK,
5
\ Assistant
Secretaries
7 Wall
Street, New York.
Capital $ 1,000,000
Surplus $500,000
Undivided Profits, $777,673
DIRECTORS.
8TEPHEN BAKER,
Pres.
Bank of the
A.BARTON HEPBURN.
Manhattan
Ce., New York.
SAMUEL G. BAYNE,
JAMES G. CANNON,
President.
GATES W. McGARRAH,
EDWARD
Blair A Co.,
Bankers, New York.
J. P. Morgan A Co„
Vice-Pres. First Nat. Bank, N.Y
B'kers, N.Y.
WILLIAM H. PORTER,
DANIEL G. REID,
Pres. Com. Nat. Ban a, Chicago.
WALTER E. FREW,
Vioe-Pres. Liberty Nat. B’k, N.Y.
EDWARD F. SWINNEY,
Vice-Pres. Corn Exchange Bank
N*w York.
Vice-Pres. Chase
New York.
Nat.
Bank,
ROBERT WIN80R,
Kidder, Peabody & Co.. Bankers.
Boston.
SAMUEL WOOLVERTON,
Pres. Gallatin Nat.
YOUNG,
Pres. 1st Nat. Bank. Jersey
H. W. DONOVAN
B. STRONQ JR.
SECRETARY
F. N. B. CLOSE
ASSISTANT TREASURER
We refer you to
pany,
jjj, VICU-PBXBIBINT
PRESIDENT
ASSISTANT TRUST OFFICER
The Corporation Trust Com¬
135 Broadway, New York, for information
regarding
any
W. N. DUANE, Vice-President.
The Manhattan Trust Company receives deposits
oearlng interest and subject to cheque, payable
through the New York Clearing House.
DIRECTORS.
T. W. LAMONT
E. C. CONVERSE
TREASURER
JOHN I. WATERBUBY, President
JOHN KEAN,
) YiceAMOS TUCK FRENCH, f Presidents.
Bank, N.Y.
Executor,
Transfer and Fiscal Agent t and as Trustee for
ALLOWS INTEREST UPON DEPOSITS.
J. F. THOMPSON
D. E. POMEROY
$3,000,000.
OFFICERS!
WIGGIN,
EDWARD F. C.
OFPiriTDC
VT T I VCnO.
cor.
Bank, N. Y.
City
and Receiver i Registrar*
Individuals and corporations.
VICX-PREBIDINT
NASSAU, NEW YORK.
Capital, Surplus and Undivided Profits,
TOWNSEND,
ALBERT H.
Pres. 1st Nat. B’k, Kansas City.
Administrator aad Guardian i Assignee
aa
WALL ST.
point involved in the organization
Francis R. Appleton.
Robert Bacon.
James J. HUL
John Kean.
George F. Baker.
August Belmont.
John J. Mitchell.
Walter P. Bliss.
H. W. Cannon.
H. J. Cross.
Undulpb Kills,
Amos Tuok French
E. D. Randolph
Oliver U.
Grant B.
laws of any
of the States
corporations under the
or
Territories.
Payne.
Schley.
8. Lu Schoonmaker.
John I. Waterbary
R. T Wilson.
Girard Trust Company*
CAPITAL and SUliFMJS, $10,000,000.
Chartered 1880.
4cts
Executor, Administrator, Trustee,
Assignee and Receiver.
Financial Agent for Individuals or
Corporations.
an
Interest Allowed
and taxation of business
CO.,
Pres.Importers’ & Traders’ Nat.
Pres. Chemical Nat. Bank, N. Y.
LS.
TRUST
Vice-Pres. Nat. Park Bank. N.T.
GEO. W. PERKINS,
HENRY P. DAVISON
Acta
GILBERT G. THORNE,
EDGAR L. MARSTON,
CONVERSE,
JAMES H. ECK
THOMAS W. LAMONT,
Pres. Mechanics’ Nat. B’k, N. Y
Vice- Pres. Fourth Nat. Bk. N Y
THOMPSON,
Vice-President.
2d Vice-President.
Pres. Seaboard Nat. Bank, N Y.
EDMUND C.
JOHN F.
Pres. Chase Nat. Bank, N. Y.
MANHATTAN
on
Individual and
Corporation Accounts.
Acts as Trustee of Corporation mortgages.
Depositary under Plans of Reorganization.
Registrar and Transfer Agent.
Assumes entire charge of Real Estate.
Hales to Rent In llurglar-Prooi Vaults
K. B. Morris, President.
W. N. Ely. 1st Vice-President.
A. A. JACK80N. 2d Vice-President.
C. J. Rhoads, 3d Vice-Pres. and Treasurer.
Edward S. Pack, Secretary.
UNITED STATES
MORTGAGE & TRUST COMPANY
55 Cedar Street
NEW YORK
Capital and Surplus
Undivided Profits
.
Assets
over
.
.
73d Street and B'way
$6,000,000
838,000
40,000,000
MANAUKRHi
C. Hartman Kuhn
KttUngnani II. Morris,
John A. Brown Jr.,
Jume« Speyer.
Benjamin W. Richards,
Augustus D. Jullllard.
John H. Garrett,
Edward J. Berwlnd.
William H. Jenks,
Itaudul Morgan,
William U. Gaw,
Edw. T. Stotesbury.
Francis 1. Gowen,
Charles E. Lng<rsoll.
Geo. 11. McFadden.
John Story Jenks Jr.
Henrw B. Ooze Jr.
Henry Tatnall,
Isaac H. Clothier.
K. (J. Felton
Thoa. DeWitt Cuyler.
1. E, Oor„Broad and Chestnut Streets,
.
....
GEORGH M. CUMMINC. President
PHILADELPHIA.
INVKHTORH READ
The Wall Street Journal.
Careful
attention
given all
branches
Trust
That’s why It pays advertisers.
and
Banking Business
DOW, JONES Sc CO.,
44 BMUP
Fubllahera,
8T.. NEW YORK
Jan. 26
1907.]
THE CHRONICLE.
xix
Srust fcompautes.
Bowling Green Trust Co.
26
BROADWAY*
incorporated 1858.
NEWLYORK.
M Company of lew M
Capital, $1,000,000 Surplus, $5,000,060
OFFICERS*
EDWIN GOULD,
.
WILLIAM H. TAYLOB,
45 and 47 Wall Street.
Presidemt
1st Vice-President
CHAS. P. ARMSTKONG,
2d Vice-President CAPITAL,
JOHN A. HILTON, 3d Vioe-Pres. and Treas. SURPLUS
,
.
WILLIAM M. LAWS,
.
Rhode
Island Hospital
Trust Company,
PROVIOENCE
R. I.
'
$1,000,000
$1,500,000
SURPLUS* EARNINGS
UNDIVIDED PROFITS
304,000
DIRECTORS:
Royal C. Taft,
Rowland G. Hazard,
Robert H. L Goddard,
Geo. W. R. Matteson.
William D. Ely,
Robert 1. GammelL,
William Binney,
William B. Weeden,
Edward D. Pearce,
Robert Knight.
John W. Danielson,
Herbert J. Wells,
Jehn C. Pegram,
UNDIVIDED
PROFITS,
Secretary
.
DIRECTORS:
diaries P. Armstrong,
John A. Hilton,
frank Brainard,
Myron T. Herrick,
Harry Bronner,
Edward T. Jeffery,
fkankUn Q. Brown,
William Willis Merrill,
lobert C. dowry,
Winslow 8. Pieree,
Sdman(1 C. Converse,
Dlok 8. Ramsay,
Wm. Nelson Cromwell,
Frederick B. 8Chen ok,
Grenville M. Dodge,
Androw Squire,
A Goepel,
William H. Taylor,
fdwin Could,
Edward B. Thomas,
frank J. Could,
John P. Truesdell,
George J. Gould,
E. F. O. Young.
capital.
$2,000-000
AND
Neison W. Aldrich,
Samuel K. Dorrauce,
Howard O. Sturges,
Stephen O. Metcalf,
Walter R. Callender,
Gilbert A. Phillips,
Edward Holbrook,
James E. Sullivan,
Benjamin M. Jackson,
John R. Freeman,
Charles 8. Meilen.
Lyman B. Gofl,
Robert W. Taft.
BEK BERT J. WELLS, President.
EDWARD s. CLARK, Vice-President.
HORATIO A. HUNT, Vice-President.
WILLIAM A. GAM WELL, Secretary.
PRESTON H. GARDNER, Trust Officer.
CYRUS E. LAPHAM, Asst. Sec’y.
JOHN E. WILLIAMS. Asst. rieo'y.
HENKY L. 8LADKR. Asst. Sec’y.
WALTER Q. BROWN, Asst. Sec’y.
$12,801,046
EDWARD W.
D. WILLIS
WILLIAM M.
HENRY B.
WILFRED
CHAt. A.
SHELDON, President
KINGSLEY, Second Vice-Pres.
J. WORCESTER, Asst. Secretary
JOHN A. STEWART, Chairman of the Board of Trustees.
Colonial Trust Company
solicits the accounts of corporations, firms and individuals, and
invites correspondence or personal interviews.
Interest allowed on daily balances, which are subject to check
at
sight
Certificates of
St. Paul
Deposit (time and demand) issued
Building, 922 Broadway, Mew York.
Capital, Surplus and Undivided Profits,
JOHN E.
RICHARD DELAFIBLD,
CORD MEYER,
JAME8 W. TAPPIN.
PHILIP 8. BABCOCK.
4-
ROBERT L. 8MITH, Asst. Secretary
*
The American Mfg. Co.
MANILA SISAL AND JUTE
BROADWAY,
34TH ST. dc FIFTH AVE.
CORDAGE.
No. 100 WEST 1‘iflTH STREET.
INCORPORATED
■
ENGINEERS,
DESIGN, CONSTRUCT AND
RAILWAY
OPERATE
LIGHT, POWER,
THIRD AVENUE A 148TH STREET.
CHARLES T. BARNEY, President.
FRED’K L. ELDR1DGH, 1st Vice-President.
J08EPH T. BROWN.8d Vloe-Presldent.
B. L. ALLEN, fid Vloe-Presldent.
GAS PLANTS.
Trust Building.,
J. MeLEAN WALTON, Asst. Secretary.
HARRIS A. DUNN, Asst. Treasurer
ORGANIZED 1887.
new York :
43 Cedar Street
PHILADELPHIA.
UHlUiUO,
8treet,
New
York.
Whiting Papers
HARLEM BRANCH*
W. F. LEWIS, Manager.
BRONX BRANCH*
JOHN BAMBEY Manager.
CHICAGO
The Audit company
of New York,
Wall
WILLIAM TURNBULL, 4th V.-Pre
Examinations and Reports.
American
65
FBED’K GORE KING, Sec. and Treas.
TRUST DEPARTMENT*
WILLIAM B. RANDALL, Trust Offloer
HYDRAULIC AND
$3,100,000
EDMUND L. JUDSON, Secy. A Treasurer.
JOSEPH N. BABCOCK. Trust -Mhoer
V ioe- Presidents.
TRUST CO.
No. 08
Byllesby & Co.„
-
BORNE, President.
Y^ERBOc
2§U0tiieers.
H. M.
JAMB8, Vice-President
AHERN, Secretary
EDWARDS, 2ef Asst. Sseretary
FINANCIAL REVIEW
ANNUAL.
A
.
Year
Bosk
of
Sc
Statistics.
Financial
'Chroniole,
7<B4 Pine 8t., New York.
Correspondence
are
standard, made in Ledger, Bond,
Linen and Fine Writing in variety.
Boand In Cloth, $2.
Commercial
For Fine
and for General Business Uses
WHITING
New York.
PAPER
Philadelphia.
CO.,
Chicago.
Mills* Holyoke. Mass.
NEW ENGLAND OFFICE*
Eaitsn Bldg., 15 StateSt.. BOSTON.
AUGUST
BELMONT,
Acting President.
VILLIAM A. NASH,
JOHN J. MITCHELL
GEORGE W. YOUNG,
V ice- Presidents.
BARROW, WADE, GUTHRIE & CO
CERTIFIED PUBLIC ACCOUNTANTS.
EDWARD T. PKRINK, Gen’l Mgr. and Treas.
K. C. RICHARDSON, Assistant Treasurer.
This Company Audits and Investigates Aocounta
ud makes Physical Examinations of Properties,
it* Certificates and Reporta are Prepared in behalf
<u Merchants, Bankers.
Corporations. Committees
W4 others, in strict confidence. The
Company also
Dwtsss and Installs Money-Saving Systems of
(New York and Illinois.)
NEW YORK,
Broad
Isepintr Aoconntu
Exchange Building,
25 Broad Street.
William D. Marks, Ph.B.C.E.
Consulting Engineer and Statistician. QAS
WORKS.
ELECTRIC LIGHT WORKS,
OIL MOTOR CARS.
KLKCTK1C KAILWAY9,
*39 Park Raw Bide.
-
Now
Clt>.
New York Glt>
CHICAGO,
SAN FRANCISCO,
Royal Insurance Building.
517 Market Street.
NEW
LONDON, ENGLAND,
18 8t. 8within1 a
ORLEANS,
Hibernia Bank
Lane, E. CCable, “AdorJesV
BMg.
| VOL. LXXXIV,
THE CHRONICLE
WOODWARD
& STILLMAN,
16 to
Fversz a Company
BANKERS
MERCHANTS
COTTON
ffiittracfctL
IfinauciaL
t&attou.
22 WILLIAM STREET.
NEW YORK
CHICAGO
RAILROAD BONDS
COTTON OP ALL
OF 8PINNER8.
COMPANY,
BANKERS AND BROKERS,
71
226 La Salle St,
GRADES SUITABLE TO WANTS
Established in 1856.
Broadway
NEW YORK.
CHICAGO.
Hentz & Co., CHICAGO CITY MORTGAGES.
Henry
COMMISSION MERCHANTS.
William Street, New York.
Execute Orders for Future Delivery
16 to 22
At
&
i 7 PINE ST.
220 LA SALLE ST.
NEW YORK.
EGYPTIAN AND AMERICAN
GRANGER
FARWELL
COTTON
the New York,
Liverpool and New
Exchanges.
Cotton
Also orders for
Orleans
Exchange
GRAIN AND PROVISIONS
at tbe Chicago Board ot Trade and
SEND
GRAIN AND COTTON-SEED OIL
Ata.de New York Produce Excnauge
Hubbard Bros. & Co.,
COFFEE EXCHANGE
HANOVER
( New York Stock Exchange.
1 New York Coffee Exchange.
„
Members ■%
(
CORPORATION X RAILROAD BONDS.
« OFFKE
At the New York Conee
HIGH-GRADE INDUSTRIAL BONDS.
CHICAGO REAL ESTATE BONDS.
Chicago board of Trade.
DEALERS IN
CIRCULARS.
INVESTMENT
SECURITIES.
PEABODY, HOUGHTELING & CO.
230 First National Bank
BUILDING,
SQUARE.
FOR
cHICAGO stock Exchange.
Bldg.,
CHICAGO.
(Kstanr.isHiin 1n>6.
.
NEW YORK.
Edwin L. Lobdell &
MERCHANTS.
COTTON
Liberal Advances Made on Cotton
Connie: amenta.
Hopkins,Dwight & Co.,
BANKERS AMD
Co.,
BROKERS,
Rotunda, Rookery Bldg*, Chicago.
80 Broadway, New York.
F. H. PRINCE &
BANKERS.
(New York Stock Exchange,
Members < Chicago Stock Exchange,
COTTON.
BOSTON, MASS.
(Chicago Board of Trade.
and
CO.,
COTTON-SEED OIL.
COMMISSION MERCHANTS.
Room 52* Cotton
Exchange Building,
Bishop, Laimbeer & Co.
NEW YORK.
Libman, Stern & Co.
Limited, New Orleans, La.
Mills
Building.
LEHMAN BROS.,
No*. 16-22 William Street,
15 Broad St.
-
Members
of New York and Boston Stock Exchange
CPottmi.
New York.
Coffee
York.
Members of the Stock, Cotton,
and Produce Exchanges, New
INMAN
the above Exchanges, as well in
New Orleans, Chicago and foreign markets.
Orders executed
Cotton
on
CO.,
&
Mcrcliant8,
I
AUGUSTA, GA..
AND
Siegfr. Gruner & Co.,
Cotton
YORK.
Exchange Building, NEW
BANKERS AND
96 Broadway,
BROKERS,
New York.
-
MEMBERS OF
W. R. CRAIG &
YORK.
NEW
INMAN & CO
Bremen Correspondents.
17 South William Street,
Established 1863.J
W. T. HATCH & SONS,
141 Milk Street, BOSTON, MASS.
MERCHANTS
COTTON
Investments.
High-Grade
Members New York Stock Exchange.
CO.,
EXCHANGE.
NEW YORK HTOCK
Lord’s Court Building,
Mason Smith &
COTTON COMMISSION
Co.,
Buyers of Spot Cotton.
Cotton
DALLAS, TEX.
Orders for Contracts Exe¬
WILLIAM RAY & CO.,
SUCCESSORS TO
COPELAND
<fe CO.,
IIltOKEKS,
43 Cetton Exchange,
New York.
Orders for future delivery contracts executed on
NEW YORK COFFEE EXCHANGE
(LIVERPOOL COTTON ASSOCIATION
Future Delivery Orders Executed on above Exchanges
Liberal Advances Made on Cotton Consignments
COTTON FACTORS and
,
Exchanges.
R. H. ROUNTREE &
COMMISSON MERCHANTS,
Mew Orleans.
Orders for future delivery executed in
New York and Liverpool.
Liberal advances made on Cotton
€0.,
Commission Merchants.
Cotton, Grain, Provisions and Coffee.
BROS., New York.
Lehman, Stern & Co.,Ltd-
COTYON
the New York and Liverpool Cotton
Cotton Exchange
Bid*., New York.
N. Y. and New Orle&a Cotton Exchanges
and Liverpool Cotton Association.
30 Beaver Street, New Yerk.
ORDERS FOR FUTURE DELIVERY EXECU¬
TED IN NEW YORK AND LIVERPOOL EX¬
SMITH
Frank B. Hayne (in Coonneiidam
Cotton Brokers,
COTTON
EXCHANGE
)
BUILDING,
NEW ORLEANS, LA.
ORDERS FOR FUTURE DELIVERY EXECUTED
IN NEW ORLEANS, NEW YORK AND
LIVERPOOL MARKETS.
Members of the New York
Wall Street
Stock Exchange.
Bonds, Stocks, Cotton, Grain.
DICK
BROTH ER8 & CO.,
BANKERS AND BROKERS,
30 Broad St..
New York.
-
Philadelphia Stock Exchange
New York, New Orleans and Liverpool Cotton
Exchangee, New York Coffee Exchange
Members of N. Y. and
©ottott.
Stephen
M. Weld & Co.,
COTTON MERCHANTS,
82-92 Beaver
Street,
-
New York City.
M. Wkld & CO., 87
Correspondents, S.
St., Boston, Mass.
Liverpool Correspondents, Weld & Co.
Bremen Correspondents, ALUUKCHT, WELD
Boston
State
GWATHMEY <& CO.,
COTTON
SPINNERS’ USE.
& HAYNE,
1 Nassau Street, corner
consignments.
Members of
ROBERT MOORE & CO.,
CLEMENT,
Sucoessors to HAVEN &
and Chicago Hoard ot Trade
COTTON BROKERS.
NEW YORK.
SMITH,
&
New Orleans
Chapman, Selter & Allen,
COTTON EXCHANGE BUILDING,
CHANGES.
COTTON PURCHASED FOR
CLEMENT
]
LEHMAN
GEO.
Merchants.
fNEW YORK COTTON EXCHANGE
Members-^NEW ORLEANS COTTON EXCHANGE
tbe New Orleans, New York,
Liverpool and Havre Markets.
cuted in
NEW YORK
-
Tel. No. 101S Broad.
MERCHANTS,
NEW ORLEANS, LA.
MEMPHIS, TENN.
27 William Street.
49 Cotton Exchange,
-
*
New York.
Theodore 11 Price,
special farmer.
Wm. P.Quentell,
R. Coats.
R
Quentell,
Coats & Co.,
COTTON HltOKEIlH,
-
New York,
Members N.Y. Cotton Exchange.
Associate Members Liverpool Cotton Association.
Bro.,
Geo. H. McFadden &
COTTON
82 Beaver Street,
A 00.
MERCHANTS,
MERCHANTS,
PHILADELPHIA.
LIVERPOOL CORRESPONDENTS.;
NEW YORK.
.
.
FREDERIC ZEItKGA * 00.
Bremen Correspondents:
.
^
MCFADDKN BROTHERS 4 <XA
Havre Correspondents:
SOCIKTE D’LMPORTATION BT DB COMIUUW^
„„„
@FedFRASER